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

2023/10/4

	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	105.4		105.7	105.0	111.5	*5	111.1	99.9	106.4							106.4
		Store Sales	*2	106.0		105.5	105.0	113.6	*5	113.0	100.5	107.2							107.2
			Same-Store Sales	*3	109.7		109.2	108.4	118.2		118.2	102.7	110.9							110.9
		Online Sales	*4	102.8		106.3	105.2	103.6	*5	104.3	97.6	103.3							103.3
	Number of Stores
	End of Month (Term)	*2	2,225		2,223	2,223	2,205	*5	2,202	2,208
		Openings		11		0	1	2	*5	4	11	29						0	29
		Closings		10		2	1	20		13	5	51						0	51
		M&A		0		0	0	0	*5	6	0	6						0	6
	Number of Same Stores	*3	2,086		2,094	2,091	2,067	*5	2,049	2,048

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 August 2023, Domestic Sales was revised from 111.2% to 111.1%, Store Sales from 113.1% to 113.0%, and Online Sales from 104.5% to 104.3%. Number of Same Stores increased by one from 2,201 to 2,202 due to corrections

in Openings (9	4) and M&A (0	6), and Number of Same Stores (2,051	2,049) has also been revised, 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 99.9% of those for the same period of the previous year, consisting of 100.5% of store sales and 97.6% of online sales, while same-store sales were 102.7%. There were the same number of holidays as in the same month of the previous year. Same-store sales for the month were 74.8% of the pre-Covid level in FY2019, falling below 80% for the first time. This is partly due to the fact that September 2019 is a higher level comparison than the months before and after, as there was a rush of demand before the consumption tax increase toward the end of the month.

• The intense heat in the second half of last month affected sales of fall items, and while summer items sold well, the very hot weather lasted until the end of the month, resulting in a slowdown of the full-fledged

rollout of fall items. With the ongoing return of customers to in-store shopping and strong inbound demand, the store sales channel again dominated over the online sales channel. The slowdown in the shift to fall items affected both sales channels, and they recorded a year-on-year decline for the first time in a while.

• As for specific items in the apparel category, sleeve lengths changed from three-quarter sleeves to long sleeves, and there was a shift to fall patterns and colors. However, shirts, blouses, and cut-and-sewn items remained popular, following a summer trend. Among miscellaneous goods, items for warmth have started to sell well. As for brands, many apparel brands, led by OPAQUE.CLIP, continued to increase same-store sales compared to last year, but this month, sales of fashion accessory brands such as COCOSHNIK for jewelry, HIROKO HAYASHI for bags, and ITS'DEMO for fashion goods increased. Strong efforts by miscellaneous goods brands were also highlighted.

	Note: The Company's financial results for the six months ended September 2023 are scheduled to be announced through Tdnet and the Company's IR site on November 6.
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	Reference: Results for the Previous Fiscal Year	±0			±0
			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	－	4	5	1	0	0	22	32	62
			30
		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