RACCOON : FY 4/2021 (Ended April 2021)Financial Results

FY 4/2021 (Ended April 2021)

Financial Results

June 10, 2021

RACCOON HOLDINGS, Inc. Code: 3031 TSE 1st Section

Disclaimer

Opinions and estimates contained in this document are based on the judgement of the Company at the time of preparation and may include inaccuracies.

Actual decisions and results may differ due to various changes in the business environment.

© 2000 RACCOON HOLDINGS, Inc.

Executive Summary (1)

HO LDI N GS

FY 4/2021 Results (Entire Fiscal Year)

• With a high growth rate maintained throughout the year, consolidated net sales increased significantly to 4,364 million yen (up 25.5% year on year) .

Achieving record-high transaction value, the EC business posted net sales of 2,720 million yen (up 38.6% year on year), driving growth of sales overall.

Net sales of the Financial business was 1,644 million yen (up 8.6% year on year), achieving positive growth amid controlling the guarantee balance by changing examination items due to concerns against higher default rate.

• The cost of sales was 650 million yen, down 11.4% year on year and contributing to profit growth due to a lower amount for guarantees provided by the Financial business and full reversal of allowances added at the end of the previous fiscal year.
• Advertising expenses increased by 84.6% year on year to 508 million yen as promotion activities were reinforced in the latter half of the fiscal year, while other selling, general and administration expenses were controlled to only up 14.0% year on year. These led to significant growth in operating income (1,196 million yen, or up 69.4% year on year), achieving larger income and profit over the previous year.
  Operating margin rose 7.1 percentage points from the previous fiscal year to 27.4%, a record high.

© 2000 RACCOON HOLDINGS, Inc.	3

Executive Summary (2)

HO LDI N GS

FY 4/2021 Q4 Results

• Q4 net sales of the EC business increased by 4.3% over Q3 with an increase in GMV. This brought overall net sales to 1,118 million yen, up 2.0% over Q3 and up 18.2% year on year, and again exceeding Q1 when sales soared (1,084 million yen) due to special demand under the pandemic.
• Gross profit increased by 1.2% from Q3 and 35.4% year on year to 946 million yen as GMV of the EC business increased and there was decrease in cost of sales due to continued restraint on the guarantees provided in the Financial business.

• Promotion costs increased gradually. In Q4, TV commercials for URIHO of the Financial business were broadcast in addition to the web commercials for SUPER DELIVERY of the EC business. Accordingly, advertising expenses rose 42.3% from Q3 and 137.9% year on year. Meanwhile, as other expenses were controlled, selling, general and administration expenses rose by 11.2% from Q3 and 36.6% year on year to 709 million yen.
• As a result, Q4 operating income increased by 32.2% year on year to 236 million yen.

© 2000 RACCOON HOLDINGS, Inc.	4

Trends in Consolidated Net Sales by Quarter (1)

HO LDI N GS

Q4 net sales increased by 25.5% year on year

The growth rate rose 8.8 percentage points from 16.7% a year ago

(Unit: Million Yen)

5,000
						4,364
4,500
4,000
						3,477
3,500
						2,980
3,000
					2,359	2,546
2,500
			2,056	2,229
2,000		1,806	1,932
		1,613
1,500	1,306	1,381

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© 2000 RACCOON HOLDINGS, Inc.	5