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

Reference: Results for the Previous Fiscal Year

2023/11/6

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])

			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	105.4		105.7	105.0	111.5	111.1	*5	99.6	106.3	102.2					102.2	105.6
		Store Sales	*2	106.0		105.5	105.0	113.6	113.0	*5	100.4	107.2	100.7					100.7	106.1
			Same-Store Sales	*3	109.7		109.2	108.4	118.2	118.2		102.7	110.9	103.7					103.7	109.6
		Online Sales	*4	102.8		106.3	105.2	103.6	104.3	*5	96.6	103.2	108.4					108.4	104.0
	Number of Stores
	End of Month (Term)	*2	2,225		2,223	2,223	2,205	2,202		2,208		2,210
		Openings		11		0	1	2	4		11	29	4					4	33
		Closings		10		2	1	20	13		5	51	2					2	53
		M&A		0		0	0	0	6		0	6	0					0	6
	Number of Same Stores	*3	2,086		2,094	2,091	2,067	2,049		2,048		2,052

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.

*4 Online Sales figures represent total sales by World Group brand companies through their own and other companies' websites.

*5 For September 2023, Domestic Sales was revised from 99.9% to 99.6%, Store Sales from 100.5% to 100.4%, and Online Sales from 97.6% to 96.6%, all 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 102.2% of those for the same period of the previous year, consisting of 100.7% of store sales and 108.4% of online sales, while same-store sales were 103.7%. There was
△1	＋1

one fewer holiday compared to the same month of the previous year, and this was estimated to have had a negative impact of about 1.7% on a same-store-sales basis. Same-store sales for the month were 102.9% of the pre-Covid level in FY2019, exceeding that level for the first time, while a decline in demand (-4.7%) due to the consumption tax hike in October 2019 has lowered the bar. The business forecasts announced at the beginning of the fiscal year have remained unchanged following the interim results disclosed today, and we plan for a same-store sales growth rate of 103.7% year-on-year (105.1% compared to October 2019) in October. As a result, the second half of the year is off to a good start and in line with our plans.

• In a complete turn from the high temperatures of September, the temperature was lower at the beginning of October, resulting in a surge in the demand for autumn merchandise. As warmer temperatures

returned toward the end of the month, same-store sales maintained a trend of exceeding the previous year's level. Autumn outerwear and knitwear sold well through the online sales channel, and sales promotion measures were successful in attracting customers. As customers continue to return to in-store shopping, online sales were 108.4% compared to the same month of the previous year, which was the year-on-year growth rate of the in-store sales channel.

• As for product categories, with more cooler mornings and evenings, knitted items and jackets that can be worn until early winter sold well from the beginning of October. Among miscellaneous goods, indoor

products, such as fur blankets and large capes, have sold well from the second half of the month. In the area of brands, mainstays in the SC channel, such as OPAQUE.CLIP and THE SHOP TK, significantly increased same-storesales, while Dessin, index,and RAGTAG also grew by double digits. In addition, apparel brands also performed well.

			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	127.7		149.8	112.2	116.9	130.2	136.0	127.5	131.8	117.6	128.7	141.7	152.4	105.2	126.8	127.1
		Store Sales	124.1		156.2	108.3	111.9	128.0	133.6	125.1	126.8	112.5	124.3	134.4	149.6	105.2	122.6	123.7
			Same-Store Sales	119.5		150.7	109.3	109.4	120.0	118.0	119.8	111.9	100.8	107.7	120.5	134.3	112.4	112.6	115.6
		Online Sales	144.7		127.7	130.1	140.1	138.8	145.3	137.4	158.0	141.2	149.5	168.7	161.4	105.3	144.9	141.5
	Number of Stores
	End of Month (Term)	2,364		2,358	2,353	2,341	2,316	2,313		2,301	2,304	2,304	2,248	2,205	2,224
		Openings	14		1	0	2	3	10	30	4	5	1	0	0	22	32	62
		Closings	11		7	5	14	28	13	78	16	2	1	56	43	28	146	224
		M&A	0		0	0	0	0	0	0	0	0	0	0	0	25	25	25
	Number of Same Stores	1,569		1,577	1,577	1,568	1,539	1,533	－	1,541	1,550	1,553	1,497	1,460	2,083