United Arrows : Presentation Material of Earnings Announcement for the Third Quarter Ended December 31, 2021

Fiscal 2022 Nine-Month Period Ended December 31,…







Fiscal 2022

Nine-Month Period Ended

December 31, 2021

Earnings Announcement

February 4, 2022

UNITED ARROWS LTD.

  • Performance Highlights for the Nine-Month Period

Ended December 31, 2021

. 313

Ⅱ. Renewal of our e-commerce (EC) site

. 1417

Ⅲ. Message from Matsuzaki

Representative Director, President and CEO

. 1823

IV. Reference Materials

. 2447

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.

I. Performance Highlights for

the Nine-Month Period Ended December 31, 2021

  • Performance Highlights: Consolidated P/L

Consolidated P/L

Sales: ¥86,904 million, YoY decrease of 5.3%, decrease of 27.0% over the same period of FY2020

Excluding the impact of changes in the consolidation structure and revenue recognition standards, sales increased 6.8% YoY and decreased 17.3% over the same period of FY2020

Gross margin: 51.1%, up 4.2 percentage points YoY, down 1.5 percentage points over the same period of FY2020

Operating income: ¥1,837 million, Net income attributable to owners of parent: ¥1,296 million

(Millions of yen)

119,093

52.6%

91,799

86,904

51.1%

46.9%

8,886

(3,470)

1,837

FY2020 9M

FY2021 9M

FY2022 9M

Sales

Operating

Gross Margin

Income

FY2022 9M

vs. FY20 9-

vs. FY21 9-

Month Period

Month Period

Sales

86,904

73.0%

94.7%

Excluding the impact of the changes in

consolidation structure* and revenue

82.7%

106.8%

recognition standards

Gross Profit

44,402

70.9%

103.2%

vs. Sales

51.1%

– 1.5pt

4.2pt

Operating Income

1,837

20.7%

vs. Sales

2.1%

– 5.3pt

Net Income Attributable to Owners of

1,296

27.6%

Parent

vs. Sales

1.5%

– 2.4pt

  • 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 the impact of the past inventory digestion promotion

remained over the nine-month period, an improvement was seen in

the three months of 3Q

COEN CO., LTD. struggled due to the spread of COVID-19 that

coincided with the 3Q period (August-October)

FY2022 9M

vs. FY20 9-

vs. FY21 9-

Month Period

Month Period

Consolidated

51.1%

– 1.5pt

4.2pt

UNITED ARROWS LTD.

50.8%

– 1.3pt

5.3pt

Total Business Unit Sales

– 0.6pt

4.7pt

Outlet, etc.

– 2.6pt

2.5pt

COEN CO., LTD.

– 1.5pt

2.4pt

UNITED ARROWS TAIWAN LTD.

5.3pt

3.9pt

FY2022 3Q

vs. FY20 9-

vs. FY21 9-

Month Period

Month Period

53.7%

– 0.5pt

1.4pt

54.1%

– 0.1pt

1.8pt

0.9pt

2.1pt

1.7pt

5.4pt

– 5.4pt

– 1.2pt

6.4pt

2.1pt

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Disclaimer

United Arrows Ltd. published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 07:11:11 UTC.

Publicnow 2022

All news about UNITED ARROWS LTD.

Sales 2022 119 B
1 026 M
1 026 M
Net income 2022 1 032 M
8,93 M
8,93 M
Net Debt 2022 7 278 M
63,0 M
63,0 M
P/E ratio 2022 50,4x
Yield 2022 1,04%
Capitalization 48 983 M
424 M
424 M
EV / Sales 2022 0,47x
EV / Sales 2023 0,43x
Nbr of Employees 4 641
Free-Float

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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 Bearish Neutral



Income Statement Evolution

Sell

Buy

Mean consensus HOLD
Number of Analysts 7
Last Close Price
1 719,00 JPY
Average target price
2 204,29 JPY
Spread / Average Target 28,2%