Consolidated Financial Results for the First
Quarter of Fiscal Year Ending March 31, 2025(FY2024)
Joshin Denki Co., Ltd.
(Securities code: 8173)

Aug 6, 2024

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[Table of Contents]◼ Earnings Summary for the First Quarterof Fiscal Year Ending March 31, 2025
(FY2024)◼ Full-year forecast for the Fiscal YearEnding March 31, 2025 (FY2024)◼ Topics

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Earnings Summary for the First Quarter of Fiscal Year Ending March 31,2025 (FY2024):1
Consolidated Income Statement (Apr.-June.)(Million yen)

1Q FY2023 (Apr.–June.)
Actualresults

Net sales% of netsales

1Q FY2024 (Apr.–June.)
Actualresults% of netsales

YoY

90,377100.0%

90,195100.0%(0.2%)Of which, sales at stores

72,99880.8%73,399

81.4%

＋0.5%

Of which, sales in EC business

16,04817.7%

14,290

15.8%(11.0%)

Or which, other sales

1,330

1.5%

2,505

2.8%

＋88.3%

Gross profit

24,78727.4%

25,137

27.9%

＋1.4%

Selling, general and administrative
expenses

23,69526.2%

24,228

26.9%

＋2.2%

Operating income

1,091

1.2%

909

1.0%

(16.7%)

Ordinary income

1,076

1.2%

904

1.0%(16.0%)

Net income (*1)

620

0.7%

468

0.5%

(24.5%)*1 Profit attributable to owners of parent

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Earnings Summary for the First Quarter of Fiscal Year Ending March 31,2025 (FY2024):2
Factors for Changes in Operating Income: Vs. Previous Year(Apr.-June.)（Billion yen）

FY2023(Billion yen)

Operating income
for FY2022

Apr.–June.

1.4

Gross profit(0.0)

Personnel
expenses(0.1)

Rent andground rent

(0.0)

Logistics
expenses(0.3)

Advertisingexpenses＋0.3

Operating income
for FY2023

Other(0.1)

1.1

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Earnings Summary for the First Quarter of Fiscal Year Ending March 31,2025 (FY2024):3
Consolidated Income Statement (Apr.-June.)(Million yen)

1Q FY2023 (Apr.–June.)
Actualresults% of netsales

1Q FY2024 (Apr.–June.)
Actualresults% of netsales

YoYTVs

5,252

5.8%

5,279

5.8%

＋0.5%

Refrigerators

5,841

6.5%

5,783

6.4%

(1.0%)

Washing machines and vacuum
cleaners

8,205

9.1%

7,936

8.8%

(3.3%)

Microwave ovens and cookers

3,559

4.0%

3,531

3.9%

(0.8%)

Air conditioners

11,76413.0%

13,10914.5%＋11.4%

Personal computers

4,500

5.0%

4,202

4.7%

(6.6%)

Mobile phones

6,596

7.3%

8,909

9.9%

＋35.1%

Games, models, toys, musicalinstruments

13,73015.2%

10,897

12.1%(20.6%)

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Full-year Forecast for the Fiscal Year Ending March 31, 2025 (FY2024)*Revision to the most recent earnings forecasts: No
Consolidated Income Statement (Full-year Forecast)(Million yen)

Full-year FY2023 (Apr.–Mar.)
Actual results % of net sales

Full-year FY2024 (Apr.–Mar.)
Forecast% of net sales

YoY

403,692

100.0%

410,000

100.0%＋1.6%

Operating income8,364

2.1%

9,000

2.2%

＋7.6%

Ordinary income

8,251

2.0%

9,000

2.2%

＋9.1%

Net income (*1)

4,891

1.2%

6,000

1.5%

＋22.7%Net sales*1 Profit attributable to owners of parent

Forecast for First Half (Apr.–Sep.) and Second Half (Oct.–Mar.)(Million yen)First half FY2023(Apr.-Sep.)

First half FY2024 (Apr.-Sep.)

Actual results % of net sales

Forecast% of net sales

YoY

Second half FY2023(Oct.-Mar.)
Actual results % of net sales

Second half FY2024 (Oct.-Mar.)
Forecast% of net sales

YoY

197,483100.0%

198,000

100.0%＋0.3%

206,209100.0%

212,000

100.0%＋2.8%

Operating income

4,586

2.3%

4,600

2.3%

＋0.3%

3,778

1.8%

4,400

2.1%

＋16.5%

Ordinary income

4,549

2.3%

4,600

2.3%

＋1.1%

3,702

1.8%

4,400

2.1%

＋18.8%Net income (*1)

3,110

1.6%

3,200

1.6%

＋2.9%

1,781

0.9%

2,800

1.3%

＋57.2%Net sales*1 Profit attributable to owners of parent

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Topics
Item

Finance

Contents

When■Recalculated cost of shareholders’ equity (CAPM) and weighted average cost of capital(WACC); released the latest figures (CAPM: 7.78%; WACC: 3.67%) in the FY2023 financial
results materials

May 2024■Posting a gain (extraordinary gain) on sale of investment securities for the partial sale ofinvestment securities(1) Investment securities to be sold: Common shares of ASICS Corporation(2) Number of shares to be sold: 848,000 shares(3) Total value of shares to be sold: 1,985 million yen (2,341.76 yen per share)(4) Gain on sale of investment securities : 1,831 million yen
The impact of this sale on the forecast of consolidated business results for FY2024 and otherfactors is under examination and will be promptly disclosed as needed.

July 2024■Introduced performance-based stock compensation plan for employees (Restricted Stock Trust)Society・Purpose
Nurture employees’ sense of belonging, make them aware that they are participating in theCompany’s management, and make them more conscious about the Company’s businessresults and share price, to raise the Company’s corporate value over the medium to long term
・Plan overview
Performance-based compensation scheme using a structure of share issuance trust andrestricted shares・Amount to be trusted to acquire shares
1,150,200,000 yen
・Number of the Company shares to be acquired by the trust
450,000 shares・Share acquisition method
Acquisition through the disposal of the Company’s treasury stock

May 2024

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Topics
ItemContents

When■Announced the reasons for the selection of skill sets that form the Board of Director’s skill
matrix in the notice of the 76th Annual General Meeting of Shareholders■Appointed the second female Independent Outside Auditor
Ratio of Independent Directors/Auditors to the total number of Directors/Auditors: 53.8%; Ratioof female Directors/Auditors: 30.8%

Governance

June 2024■Announced a summary of the evaluation results of the effectiveness of the Board of Directors
Continue focusing on “refining medium- and long-term management strategy and promoting
efficient management with an awareness of the cost of capital”■Established the IR Office to facilitate a better understanding of the Company and an appropriate
evaluation of its corporate value

July 2024■Installed a solar power facility with a large-capacity rechargeable battery system in Joshin
Matsudo StoreMay 2024

■Selected as a constituent of FTSE Blossom Japan Index for the second consecutive year anda constituent of FTSE Blossom Japan Sector Relative Index for the third consecutive yearAug 2024

■Upgraded “Click & Collect Service”
・The service covers most products sold at Joshin’s online shop (except for some products)
Business strategy
・Began pickups at the stores selected by customers with no delivery charge for customers

April 2024

Environment■Joined Reuse Mobile Japan (RMJ)

April 2024

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Disclaimer
1. Earnings forecasts and other forward-looking contents of this presentation are based on the Company’s decisionat the time of the preparation of this document. We cannot promise or guarantee that results will match forecasts.
2. This presentation contains unaudited approximations, which may change.

― Inquiries ―Joshin Denki Co., Ltd. Management Planning Dept.
Head Office: 6-5, Nipponbashi-nishi 1-chome, Naniwa-ku, Osaka City
Telephone: +81-6-6631-1122
Company’s website: https://www.joshin.co.jp/

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