World : Monthly Sales Summary for Domestic Retail Business for April 2023

Sales (YoY)

Domestic Sales Store Sales

Same-StoreSales

Online Sales

Number of Stores End of Month (Term)

Openings

Closings

M&A

Number of Same Stores

Reference: Results for the Previous Fiscal Year

2023/5/8

Monthly Sales Summary for World Co., Ltd. Domestic Retail Business

Company Name: World Co., Ltd.

Representative: Nobuteru Suzuki, President, Representative Managing Executive Officer

(Securities Code: 3612 Prime, Tokyo Stock Exchange)

Contact: Keiichi Nakabayashi, Deputy President, Representative Managing Executive Officer

(IR Office Phone: [phone])

FY2023

(April 1, 2023 to February 29, 2024)

Apr.

May

Jun.

Jul.

Aug.

Sep.

1H

Oct.

Nov.

Dec.

Jan.

Feb.

2H

Full Term

Sales (YoY)

Change (%)

Domestic Sales

*1

105.1

105.1

105.1

Store Sales

*2

105.8

105.8

105.8

Same-Store Sales

*3

109.5

109.5

109.5

Online Sales

*4

102.4

102.4

102.4

Number of Stores

End of Month (Term)

*2

2,225

Openings

11

11

0

11

Closings

10

10

0

10

M&A

0

0

0

0

Number of Same Stores

*3

2,089

Note: As a general rule, the sales summary is disclosed on the third business day of the month following the reporting month and includes preliminary data. Should final data differ from any preliminary data, the revised figures will be

	disclosed when the preliminary data for the subsequent month are announced.
*1	Figures are for domestic retail sales only and do not include domestic wholesale or event sales figures or overseas sales.
*2	Figures for store sales and number of stores include directly managed stores and VSPA (Virtual SPA), but they do not include figures for FC (Franchise) stores or overseas stores.
*3	Same stores are defined as stores that were opened or newly consolidated (joined the Group) more than 12 months prior to the report and were unchanged from the previous month in terms of retail floor size, which changes the
	number of same stores on a monthly basis. Therefore, stores that have been relocated or closed for more than a day due to renovations have been excluded from the results of same stores. Same stores, which are closed or
	operating with reduced hours under the state of emergency, remain included. Additionally, online sales are not included in Same-Store Sales.
*4	Online Sales figures represent total sales by World Group brand companies through their own and other companies' websites.
*5	For March 2023, Store Sales was revised from 105.3% to 105.2%, Online Sales from 104.5% to 105.3%, End of Month (Term) from 2,199 to 2,224, Openings from 21 to 22, Closings from 27 to 28, M&A from 0 to 25, and Number of
	Same Stores from 2,092 to 2,083, all indicated by an underline.
	Number of holidays* year-on-year	Current month		Month in previous year		*Saturdays, Sundays and public holidays
			±0		＋1

• Domestic sales for the month were 105.1% of those for the same period of the previous year, consisting of 105.8% of store sales and 102.4% of online sales, while same-store sales were 109.5%. Same-store sales for the month were 91.6% of the pre-Covid level in FY2019. There were the same number of holidays as in the same month of the previous year. The growth rate of same-store sales, on which we base our earnings estimate, was included in the financial results announced on May 8. The planned growth rate for April was 105.8% year-on-year, or 85.3% of the pre-Covid level in FY2019. Considering this, our

fiscal year has gotten off to a good start, as did the previous one.

• In the store sales channel, while the flow of people to urban areas and department stores picked up pace, spring items sold well in the first half of the month, partly due to the rising temperatures. From the middle of the month, sales shifted to early summer products, with a wide range of items that are worn leading up to summer selling well. The online sales channel, however, has been affected since last month by a shift in customer purchasing behavior as more people switch from e-commerce to real stores. Online sales increased by 102.4% from FY2022, slowing the growth rate, but if we exclude the impact of Narumiya,

whose sales were lower than in the previous year, it was 105.3% year-on-year.

• Blouses were the best-selling items in the middle of the month. Other strong sellers included linen shirts that are easy to slip on, lightweight, short sleeve blouses, cut-and-sewn tunics, and easy pants. As for brands, apparel products continued to dominate in comparison to household goods, and men's brands such as TAKEO KIKUCHI were also still performing well, as was RAGTAG, supported by inbound customer demand.

FY2022

(April 1, 2022 to March 31, 2023)

Apr.

May

Jun.

Jul.

Aug.

Sep.

1H

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

2H

Full Term

Change (%)

127.7	149.8	112.2	116.9	130.2	136.0	127.5	131.8	117.6	128.7	141.7
124.1	156.2	108.3	111.9	128.0	133.6	125.1	126.8	112.5	124.3	134.4
119.5	150.7	109.3	109.4	120.0	118.0	119.8	111.9	100.8	107.7	120.5
144.7	127.7	130.1	140.1	138.8	145.3	137.4	158.0	141.2	149.5	168.7
2,364
2,358	2,353	2,341	2,316	2,313		2,301	2,304	2,304	2,248
14	1	0	2	3	10	30	4	5	1	0
11	7	5	14	28	13	78	16	2	1	56
0	0	0	0	0	0	0	0	0	0	0
1,569	1,577	1,577	1,568	1,539	1,533		1,541	1,550	1,553	1,497

152.4

149.6

134.3

161.4

2,205

0

43

0

1,460

*5

105.2

105.2

112.4

105.3

2,224

22

28

25

2,083

126.8 127.1

122.6 123.7

112.6 115.6

144.9 141.5

32

62

1. 224

1. 25