CURVES : Supplementary Material Consolidated Results of Operations for 2Q of FY2022
April 15, 2022 at 02:40 am EDT
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Supplementary Material: Consolidated Results of Operations for 2Q of FY ending August 31, 2022
April 15, 2022
TSE Prime Market:7085 CURVES HOLDINGS, Co., Ltd.
Table of Contents
1. Operations results of 2Q of 3
FY 8/2022
2. Business outline and updates for 2Q 15
3. Forecasts and strategies for 2nd Half 28 of FY 8/2022 and beyond
Appendix 36
Operations Results of
2Q of FY 8/2022
Consolidated Statement of Income
4
(million yen)
FY 8/2022 (current) Half year (9-2) Actual
FY 8/2021 (previous) Half year (9-2) Actual
Year on Year
FY 8/2022 (current)
Half year (9-2) Forecast
To Forecast
Sales
13,443
11,891
113.0%
13,050
+393
Cost of Sales
7,537
6,928
108.8%
(COS ratio)
56.1%
58.3%
SGA
4,176
4,092
102.1%
incl. Amortization for goodwill/trademarks
569
533
Operating profit
1,729
871
198.4%
1,400
+329
(Operating ratio)
12.9%
7.3%
10.7%
Ordinary profit
1,850
669
276.5%
1,380
+470
(Ord profit ratio)
13.8%
5.6%
10.6%
Net profit
1,207
347
347.5%
899
+308
(Net profit ratio)
9.0%
2.9%
6.9%
Consolidated Statement of Income (by region) 5
* Sales and Operating Profit for the International segment
The international segment comprises of the global franchise business and European franchiser operations by 2 subsidiaries (Curves International, Inc. and Curves Europe B.V.). Sales and operating profit for the international segment do not include incomes from royalty fees and equipment sales from the domestic business to Curves International, as well as the costs for management fee payments from the 2 subsidiaries to the Japanese entity.
* Adjustments for operating profit
Expenses not attributable to specific regions, including amortizations for goodwill and trademark rights.
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Curves Holdings Co. Ltd. published this content on 15 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2022 06:39:06 UTC.
Curves Holdings Co Ltd is a Japan-based company mainly engaged in the operation of Curves, a fitness facility for women. The Curves segment is mainly engaged in the fitness club business. The domestic curve business is engaged in the introduction of system necessary for management guidance and business operation for franchisees (FC), the provision and sale of technology, equipment, product and printed matter, as well as the performance of support operations such as opening stores for franchisees and sale operations for members. The Company is also engaged in the development of directly managed stores. The overseas curves business is engaged in the management of royalties and sale of equipment used at stores to master franchisees around the world, including Japan, as well as the provision of operation support services to franchise member stores.