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
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Ended December 31, 2021 |
Ｐ. 3～13 |
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Ⅱ. Renewal of our e-commerce (EC) site |
Ｐ. 14～17 |
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Ⅲ. Message from Matsuzaki |
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Representative Director, President and CEO |
Ｐ. 18～23 |
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IV. Reference Materials |
Ｐ. 24～47 |
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.
-
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 - 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 |
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|
FY2020 9M |
FY2021 9M |
FY2022 9M |
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Sales |
Operating |
Gross Margin |
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Income |
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FY2022 9M |
|||
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vs. FY20 9- |
vs. FY21 9- |
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Month Period |
Month Period |
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Sales |
86,904 |
73.0% |
94.7% |
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Excluding the impact of the changes in |
－ |
||
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consolidation structure* and revenue |
82.7% |
106.8% |
|
|
recognition standards |
|||
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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- |
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|
Month Period |
Month Period |
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Consolidated |
51.1% |
– 1.5pt |
4.2pt |
|||
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UNITED ARROWS LTD. |
50.8% |
– 1.3pt |
5.3pt |
|||
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Total Business Unit Sales |
– |
– 0.6pt |
4.7pt |
|||
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Outlet, etc. |
– |
– 2.6pt |
2.5pt |
|||
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COEN CO., LTD. |
– |
– 1.5pt |
2.4pt |
|||
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UNITED ARROWS TAIWAN LTD. |
– |
5.3pt |
3.9pt |
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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
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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% |
