3Q of FY2023
Presentation Materials
H2O RETAILING CORPORATION
Digest of Financial Results for the Third Quarter
- Consolidated results exceeded forecast of 3Q and cumulative operating profit exceeded full- year forecasts.
- (Department Store)
Existing store sales exceeded pre-COVID-19 level due to strong domestic sales and a recovery in inbound sales.
- (Supermarket)
Double-digit profit growth in 3Q, and both sales and profit increased in cumulative 3Q.
- (Shopping Center)
Continued to increase profit in 3Q due to strengthened sales force and cost reduction
in H2OSC Development and improved occupancy rate of business hotel in Oi Development.
-
No changes to the consolidated forecast for the full year
Considering uncertainties such as rising prices and soaring utilities costs, we expect the 4Q results to be in line with our forecast.
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Topics
- Consolidated Financial Results
- Forecast of FY2023
Ⅲ. Direction of efforts for FY2024
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Ⅰ. Consolidated Financial Results
1.Consolidated Financial Results
2.Results by segment
3.Department store business
4.Supermarket business
5. Extraordinary income and losses
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Ⅰ-1. Consolidated Financial Results
- Sales continued to recover particularly in department store business
- Increase in gross profit and operating profit by sales recovery despite increase in SG&A expenses including external factors like
higher utility costs
Operating profit exceeded the full-year forecast as a result of cost control efforts mainly in department stores.
- Extraordinary income of ¥ 3.8 bn. in 3Q due to sale of Takashimaya shares
1-3Q | 3Q | |||
(billions of yen) | Amount | YoY | Amount | YoY |
Gross sales | 734.8 | 29.6% | 273.2 | 22.5% |
167.6 | 50.2 | |||
Net sales | 474.9 | 27.9% | 170.5 | 26.9% |
103.6 | 36.2 | |||
Operating Profit | 9.5 | 8.8 | 8.4 | 2.5 |
Ordinary Profit | 11.6 | 9.6 | 8.8 | 2.6 |
Extraordinary income | 8.9 | (13.7) | 3.8 | 1.1 |
Extraordinary losses | 3.9 | (4.9) | 0.8 | (3.2) |
Profit
11.0(2.0)
8.2 | 3.3 |
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H2O Retailing Corporation published this content on 06 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2023 06:39:05 UTC.