United Arrows : Presentation Material of Earnings Announcement for the First Half Ended September 30, 2021

Fiscal 2022 Fist Half Earnings Announcement November…







Fiscal 2022

Fist Half Earnings

Announcement

November 5, 2021

UNITED ARROWS LTD.

  1. Performance Highlights for the Six-Month Period

Ended September 30, 2021

P. 3

– 11

II.

Recent New Action/Digitization of Supply Chain

P. 12

– 18

III.

Message from Matsuzaki Representative Director,

P. 19

– 21

President and CEO

IV.

Reference Materials

P. 22

– 46

Cautionary Statement

Descriptions for earnings forecasts and descriptions other than objective facts 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.

  1. Abbreviations used throughout this report: The following abbreviations may be used for each Group business, store brand, and consolidated subsidiary and affiliated company.
    UA = UNITED ARROWS; BY = BEAUTY&YOUTH UNITED ARROWS; monkey time = monkey time BEAUTY&YOUTH UNITED ARROWS; District =District UNITED ARROWS; GLR = UNITED ARROWS green label relaxing; Lurow GLR = Lurow GREEN LABEL RELAXING; THE STATION STORE =
    THE STATION STORE UNITED ARROWS LTD.; CHJP = CHROME HEARTS JP, GK; CH = CHROME HEARTS
  2. The store brands contained within Trend-conscious Market and Basic Trend-conscious Market are as follows.

Trend-conscious Market: UA, District, ASTRAET, BY, monkey time, STEVEN ALAN, ROKU, H BEAUTY&YOUTH, Odette e Odile, DRAWER, BLAMINK, AEWEN MATOPH, LOEFF, and California General Store

Basic Trend-conscious Market: GLR, Lurow GLR, THE STATION STORE, and CITEN

* Note: In this earnings announcement, fractional sums of less than one million yen are rounded downand percentages are calculated

from raw data.

2

  1. Performance Highlights for the Six-Month Period Ended September 30, 2021

  • Performance Highlights: Consolidated P/L

Consolidated P/L

Sales: ¥50,437 million, YoY decrease of 5.3%, decrease of 32.4% over the same period of FY20 Excluding the impact of changes in the consolidation structure and revenue recognition standards, sales increased 6.5% YoY and decreased 23.0% over the same period of FY20

Gross margin: 49.2%, up 6.2 percentage points YoY, down 2.5 percentage points over the same period of FY20

Operating loss: ¥2,648 million, loss attributable to owners of parent: ¥1,994 million

(Millions of yen)

FY2022 1H

vs. FY20 1H

vs. FY21 1H

Sales

50,437

67.6%

94.7%

Excluding the impact of the changes in

49.2%

42.9%

(6,840) (2,648)

consolidation structure* and revenue

77.0%

106.5%

recognition standards

Gross Profit

24,801

64.4%

108.4%

vs. Sales

49.2%

-2.5pt

6.2pt

Operating Income

(2,648)

vs. Sales

Net Income Attributable to Owners of

FY2020 1H

FY2021 1H

FY2022 1H

Sales

Operating Income

Gross Margin

Parent

(1,994)

vs. Sales

  • The impact of changes in the consolidation structure was calculated from the total sales of UA LTD., COEN CO., LTD., and UNITED ARROWS TAIWAN LTD. Actual consolidated sales include inter-subsidiary transactions, so please refer to them as reference values.

  • Performance Highlights: Consolidated Gross Margin

Although promoting the consumption of products for spring and summer of last year at outlets has significant impacts, the negative impact is expected to diminish in fall and winter

FY2022 1H

vs. FY20 1H

vs. FY21 1H

Consolidated

49.2%

-2.5pt

6.2pt

UNITED ARROWS LTD.

48.4%

-2.4pt

7.8pt

Total Business Unit Sales

-1.9pt

6.5pt

Outlet, etc.

-6.3pt

0.4pt

COEN CO., LTD.

0.4pt

3.9pt

UNITED ARROWS TAIWAN LTD.

5.1pt

5.0pt

FY2022 1Q

vs. FY20 1Q vs. FY21 1Q

51.5% -3.3pt 8.0pt

50.9% -3.5pt 9.3pt

-2.4pt 8.5pt

-5.5pt-3.2pt

-0.5pt 4.1pt

5.3pt 6.0pt

FY2022 2Q

vs. FY20 2Q vs. FY21 2Q

46.9% -1.6pt 4.3pt

45.8% -1.1pt 6.1pt

-1.2pt 4.3pt

-7.0pt 0.8pt

1.0pt 3.7pt

5.2pt 4.9pt

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Disclaimer

United Arrows Ltd. published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 01:46:02 UTC.

Publicnow 2021

All news about UNITED ARROWS LTD.

Sales 2022 123 B
1 072 M
1 072 M
Net income 2022 1 892 M
16,5 M
16,5 M
Net Debt 2022 6 948 M
60,5 M
60,5 M
P/E ratio 2022 35,4x
Yield 2022 0,89%
Capitalization 60 524 M
531 M
527 M
EV / Sales 2022 0,55x
EV / Sales 2023 0,50x
Nbr of Employees 4 641
Free-Float 68,4%

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United Arrows Ltd. Technical Analysis Chart | MarketScreener

Technical analysis trends UNITED ARROWS LTD.

Short Term Mid-Term Long Term
Trends Bearish Neutral Bullish



Income Statement Evolution

Sell

Buy

Mean consensus HOLD
Number of Analysts 7
Last Close Price
2 124,00 JPY
Average target price
2 271,43 JPY
Spread / Average Target 6,94%