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

2023/2/3

Company Name: World Co., Ltd.

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

			FY2022
	(April 1, 2022 to March 31, 2023)	Apr.		May	Jun.	Jul.	Aug.	Sep.	1H	Oct.	Nov.	Dec.	Jan.	Feb.	Mar.	2H	Full Term
	Sales (YoY)			Change (%)
	Domestic Sales	*1	5	127.7		149.8	112.2	116.9	130.2	136.0	127.5	131.8	117.6	128.7	141.8			129.7	128.5
		Store Sales	*2	5	124.1		156.2	108.3	111.9	128.0	133.6	125.1	126.8	112.5	124.3	134.5			124.2	124.7
			Same-Store Sales	*3	119.5		150.7	109.3	109.4	120.0	118.0	119.8	111.9	100.8	107.7	120.5			109.8	114.8
		Online Sales	*4	5	144.7		127.7	130.1	140.1	138.8	145.3	137.4	158.0	141.2	149.5	168.7			154.5	145.0
	Number of Stores
	End of Month (Term)	*2･5	2,364		2,358	2,353	2,341	2,316	2,313		2,301	2,304	2,304	2,248
		Openings			14		1	0	2	3	10	30	4	5	1	0			10	40
		Closings			11		7	5	14	28	13	78	16	2	1	56			75	153
		M&A			0		0	0	0	0	0	0	0	0	0	0			0	0
	Number of Same Stores	*3	1,569		1,577	1,577	1,568	1,539	1,533		1,541	1,550	1,553	1,497

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

*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

disclosed when the preliminary data for the subsequent month are announced.	－

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.	*6
*4	Online Sales figures represent total sales by World Group brand companies through their own and other companies' websites.
*5	Figures include the sales (Store Sales and Online Sales) and number of stores (680 as of March 2022) of Narumiya International Co., Ltd. (Narumiya), which became a consolidated subsidiary in March 2022, and Narumiya is not
	included in Same-Store Sales for the first 12 months (up to February 2023).	－
*6	For December 2022, Online Sales was revised from 149.4% to 149.5%, indicated by an underline.
	Number of holidays* year-on-year	Current month		Month in previous year			*Saturdays, Sundays and public holidays

• Domestic sales for the month were 141.8% of those for the same period of the previous year, consisting of 134.5% of store sales and 168.7% of online sales, while same-store sales were 120.5%. There were
±0	△1

the same number of holidays as in the same month of the previous year. Same-store sales for the month were 82.7% of the pre-Covid level in FY2019. The addition of Narumiya to the Group resulted in a boost to domestic sales by 27.9 percentage points; however, this has not been taken into account for Same-Store Sales.

• The store sales channel got off to a good start with New Year sales as we entered 2023 without restrictions on movement for the first time in three years. Thanks to the favorable winter weather, sales increased

significantly from the previous year throughout the month. In addition, online sales continued to be strong as bargain sales were in full swing. Online sales consequently increased by 21% year on year, excluding the positive effect of Narumiya's addition (+47.4 percentage points), and continued the upward trend of over 20% from the previous month.

• In regard to specific items, a wide variety of knits and coats sold well, especially those that had also sold fast in the previous month. Furthermore, demand related to upcoming ceremonies has grown, so tweed

collarless jackets, dresses, and blouses sold well.

Apparel brands on the whole did well regardless of the sales channel, particularly SHOO LA RUE, which prepared its range of products, including for its bargain sale, while targeting customer needs, and RAGTAG, which was supported by inbound customer demand.

Reference: Results for the Previous Fiscal Year

			FY2021
	(April 1, 2021 to March 31, 2022)	Apr.		May	Jun.	Jul.	Aug.		Sep.	1H	Oct.	Nov.	Dec.	Jan.	Feb.	Mar.	2H	Full Term
	Sales (YoY)	Change (%)
	Domestic Sales	261.8		143.9	77.6	87.8	72.4		76.5	98.1	85.0	94.1	92.8	95.0	75.3	109.8	92.9	95.2
		Store Sales	399.1		169.8	75.9	88.8	70.7		72.7	100.5	84.3	91.7	92.3	93.8	73.8	106.9	91.5	95.3
			Same-Store Sales	433.7		182.9	80.0	94.4	76.2		84.1	107.5	99.0	107.3	110.2	111.7	84.9	101.8	103.3	105.2
		Online Sales	99.4		94.6	86.1	83.7	79.8		96.1	89.5	89.2	106.6	94.8	99.6	80.3	124.1	99.4	94.6
	Number of Stores						・・
	End of Month (Term)	2,169		2,160	2,146	2,067	1,831		1,820		1,819	1,810	1,809	1,749	1,716	2,361
		Openings	19		2	2	1	4		9	37	8	1	0	1	1	9	20	57
		Closings	5		11	16	80	240		20	372	9	10	1	61	34	44	159	531
		M&A	0		0	0	0	0		0	0	0	0	0	0	0	680	680	680
	Number of Same Stores	1,930		1,930	1,925	1,852	1,610		1,592	－	1,606	1,602	1,615	1,555	1,521	1,527