Financial results briefing for the second quarter of the fiscal year ending March 2013 (Tokyo Daiwa Securities Sky Hall)

2012.11.16

Interim Results Briefing for the Year Ended March 31, 2013 (Tokyo Daiwa Securities Sky Hall)

The Daiwa Securities Sky Hall held a financial results briefing for the second quarter of the fiscal year ended March 31, 2013, with over 75 people attending the meeting.
Regarding the results for the first half of fiscal 2012, future outlook and initiatives of the Company, and the full-year plan for the fiscal year 2012, Masahisa Kubo, Chairman and CEO of the Company, and Yuji Asada, Managing Director, General Manager of the Chief Financial & Administrative Officer and General Manager of the Finance and Accounting Division We announced each.

FY2013 2Q Results Briefing Main Questions and Answers

In the second half of the year, the same store sales forecast for the previous year is 105%, which seems to be higher than other companies. What is the background?
Our company has most stores in western Japan, so last year there was no demand for reconstruction or extension due to extension of terrestrial digital switching. Therefore, we believe that last year's hurdles are lower than those of other companies. We anticipate an increase in sales due to the growth of the eco-living solar business and the issuance of brand unified sales and the issue of “Anshin Guarantee Card”, which will be added to the forecast for the entire market and set at 105%.
What is your outlook on the overall consumer electronics industry and how you think about your company's performance next year?
In the industry as a whole, TV sales are not expected to increase significantly next year. The company plans to increase profits in the “mobile phone business” and “eco-living solar business”.
What is the profitability of the mobile phone business and the eco-living solar business?
Regarding mobile phones, iPhone5 was launched at the end of September, and sales are progressing smoothly. GALAXY, which was released two years ago, is entering the time of replacement. It is expected that sales will increase in consumer electronics retailers that can handle all carriers, so we expect profits to increase. In the eco-living solar business, we did not reach our plan in the first half of the year, but it is still performing better than the industry average. Since October, we have made this business a subsidiary, and we want to improve profitability by working more deeply on management.

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