for the First Half of

Fiscal Year Ending March 2023

2022.11.07 UNITED ARROWS LTD.

P04 - P23

P24 - P25

P26 - P28

|

01

Overview of FY23 1H Business

Results

|

02

Progress in Initiatives for

Sustainability

|

03

Message from Yoshinori Matsuzaki,

Representative Director, President and

CEO

P29 - P34 | 04 Reference Materials

Cautionary Statement

Earnings forecasts and descriptions other than objective facts contained in this document are based on decisions made by UNITED ARROWS LTD. in light of information obtainable as of the date of this report and, therefore, include risks and uncertainties. Actual earnings may differ materially from forecasts due to global economic trends, market conditions and other factors. Investors are asked to refrain from making investment decisions based solely on the information contained in this document.

Use of Abbreviations

Abbreviations may be used for the following businesses/store brands:

UNITED ARROWS

UA

BEAUTY&YOUTH UNITED ARROWS

BY/BEAUTY&YOUTH

UNITED ARROWS green label relaxing

GLR/green label relaxing

Trend-conscious Market and Basic Trend-conscious Market include the following store brands:

Trend-conscious Market

UA, BY, DRAWER, Odette e Odile, BLAMINK, ROKU, and STEVEN ALAN

Basic Trend-conscious Market

GLR, and CITEN

PAGE | 3

01

Overview of FY23 1H Business Results

PAGE | 4

01 Overview of FY23 1H Business Results

Summary

Sales finished at planned levels, gross margin improved and SGA

expenses were controlled, all income items including operating

income exceeded planned levels

Consolidated

Sales

Gross margin

SGA expenses

¥57,453million

¥28,466 million (49.5%)

52.0 %

Vs. FY2022/1H 113.9%

Vs. FY2022/1H +2.8pt

Vs. FY2022/1H 103.7%, -4.9pt

Vs. FY2020/1H 87.6%*1

Vs. FY2020/1H 82.2%, +3.1pt

Vs. FY2020/1H +0.3pt

Operating Income

¥1,385 million (2.4%)

Vs. FY2020/1H ¥4,034 million yen

Vs. FY2020/1H 35.5%, -2.8pt

Non-

Sales

Consolidated

¥51,996 million

Vs. FY2022/1H 114.2%

Vs. FY2020/1H 88.0% *2

Net Income Attributable to Parent Company

¥1,074 million (1.9%)

Vs. FY2020/1H 3,069 million yen Vs. FY2020/1H 55.3%, -0.7pt

Gross margin

51.4%

Vs. FY2022/1H +3.0pt

Vs. FY2020/1H +0.6pt

YoY change in existing stores

Sales

115.5 %

Number of purchasing customers

101.8 %

Avg. spend per customer

114.5 %

*Figures in parentheses are vs. Sales.

*1: Calculated excluding the impact of changes to the consolidation structure and revenue recognition standards

*2: Calculated excluding the impact of changes to revenue recognition standards

PAGE | 5

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United Arrows Ltd. published this content on 16 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 05:37:02 UTC.