B r i e f i n g : Q 1 S T ( M a r c h t o M a y 2 0 2 1 ) R e s u l t s E n d i n g F e b .
5th July, 2021
1 Market Trends for Q1ST Results of 2022 Ending Feb.
Market movements are still unclear.
Amidst the prolonged Covid-19 pandemic, risks, such as states of emergency and store closures/shortening of open hours, could yet directly impact business performance
Prospects for a gradual market recovery
Nevertheless, the effects of various measures, including the commencement of inoculation, are expected, and the economy will recover from here on.
Yet, the speed of recovery will be gradual in the apparel industry and severe environment will continue for a while.
Our strategy
Existing management approach of just waiting the situation leads to further predicament. With this in mind, we will keep on creating a business foundation and challenging new businesses.
2 Covid-19 Impact on Q1ST Results of 2022 Ending Feb.
March results were strong. After April, the effects of Covid-19 infections expanded. It gave a big impact on our management such as over 300 stores(about 30% of all stores) forced to close and most of the stores had to shorten business hours because we open stores mainly in metropolitan areas.
Nationwide Numbers of Covid-19 Infections
8,000
Q1ST(March to May)
April 25, 2021
State of emergency declared in Tokyo,
April 5, 2021
Osaka, Hyogo and Kyoto
* Thereafter, areas added in stages
6,000
Application of selective measures,
such as preventing spread, in Osaka,
Hyogo and Miyagi
* Thereafter, areas added in stages.
4,000
March 22, 2021
Met Area (Met area plus 3
prefectures) State of
emergency lifted
2,000
0
February 15.
March
April
May
June
2021
April 25: Emergency declared in Tokyo, Osaka, Hyogo and Kyoto
⇒ Some 30% of apparel stores closed across Japan
May 12: Aichi and Fukuoka prefectures added to state of emergency
May 16: Hokkaido, Okayama and Hiroshima prefectures added to state of emergency
May 23: Okinawa prefecture added to state of emergency
⇒ Some 10% of stores closed on weekdays, and some 20% closed on weekends
3 Standing position of TIP24※ on Q1ST Results of 2022 Ending Feb.
What should we be doing and where should we be going right now ?
We will not stagnate, but instead continue to confront our
challenges in order to create new value that will bring future
happiness to our stakeholders.
In order to keep on changing and become a profitable
business entity, we have pushed ahead with reforms, both
thoroughly and carefully in Q1.
Organizational integration 1st Phase completed
2021
The happiest
fashion
company
in the world
2023
2022
Growth and leap forward
Brands that can take on the world and spread into neighboring regions
2020
Investment in the future
Painful innovation
Setup that nurtures personnel and business, EC, digital shift and fresh investment
Withdrawing from businesses, closing stores, reducing labor costs…
TIP24(TSI Innovation Program 2024) is a name of in-house program in regard to structural reform and future strategy started from 2022 Ending Feb.
AGENDA
1
Results Overview
2
About Business Situation in Q1ST
3
About Business Situation by Channel
4
About Initiatives Related to Environmental Issues
5
About Balance Sheet and Future Investment Strategy
6
About Full-year Forecast
7
Reference Data
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TSI Holdings Co. Ltd. published this content on 05 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2021 07:21:08 UTC.
TSI Holdings Co., Ltd. is a Japan-based company mainly engaged in the apparel related business and other business. The Apparel Related segment is mainly engaged in the planning, manufacture and sale of fashion and apparel products such as women's clothing, men's clothing and fashion accessories, as well as the license brand business, and the production and logistics business. The Company is also engaged in the other businesses such as the sales agency and staffing business, the synthetic resin products manufacturing and sale business, the store design supervision business, the food and beverage business, as well as the import and sale of cosmetics and soaps. The brands include apparel brands such as ADORE, and wander, Apuweiser-riche, Arpege Story, AVIREX, BAIT, BOSCH, BEAVER and others, food and beverage brands such as Urth Caffe, Patisserie Slier and others, as well as licensed brands such as PRIVATE LABEL, VIVAYOU, Pinky Girls, VertDense, MATERIA, NOVESPAZIO, BRIGITTE and others.