Half Year 2024 Yoshitsu Co Ltd Earnings Call
Good day ladies and gentlemen. Thank you for standing by and welcome to Yoshihito's first six months of fiscal year 2024 earnings conference call.
Good day, ladies and gentlemen, thank you for standing by and welcome to your seats as the first six months of fiscal year 'twenty 'twenty four earnings conference call.
During today's presentation, all parties will be in a listen-only mode.
During todays presentation, all parties will be in a listen only mode.
This conference is being recorded today, Friday, December 22nd, 2023. If you have any objections, you may disconnect.
This conference is being recorded today Friday December 22nd 2023.
Do you have any objections you may disconnect at this time.
Joining us today from UC2 are the Company's Principal Executive Officer, Mr. Mei Kanayama, the Company's Principal Accounting and Financial Officer, Mr. Ishikaga, and the Company's Representative, Sissy Wong.
Speaker Change: Joining us today from your seat to the company's principal Executive officer, Mr. Make her a Yamaha the Companys principal accounting and financial Officer, Mr. Chicago now.
Speaker Change: And each representative so she wants.
Before we continue, I would like to remind you that some information discussed on this call will contain forward-looking statements within the meaning of Section 21e of the Securities Exchange Act of 1934 as amended, and is defined in the U.S. Private Securities Illigation Reform Act of 1995.
Speaker Change: Before we continue unless you remind you that some information discussed on this call will contain forward looking statements within the meaning of section 21 E of the Securities Exchange Act of 1980, 434 as amended and it's a fine in the U S. Private Securities Litigation Reform Act of 1995.
These four looking statements involve known and unknown risks and uncertainties.
Speaker Change: These forward looking statements involve known and unknown risks and uncertainties.
A company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or changes in expectations, except as may be required by law.
Speaker Change: Our company undertakes no obligation to update forward looking statements to reflect subsequently occurring events or circumstances or changes in expectations, except as may be required by law.
Although the company believes that the expectations expressed in these four of these statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the company cautioned investors that actual results may differ materially from the anticipated results and encouraged investors to review other factors that may affect future results of the company's registration statement and in other filings with the SEC.
Speaker Change: Although the company believes that the explanation expressed in these forward looking statements are reasonable it count.
Speaker Change: I assure you that such expectations will turn out to be correct and the company cautions investors that actual results may differ materially from the anticipated results and encourage investors to review other factors that may affect future results of the company's registration statement and in other filings with the SEC with that I will now turn the conference over to Mr may kind of llama the company's chief.
With that, I will now turn the conversation over to Mr. May Kanayama, the company's chief principal executive officer. His opening remarks will be the answers during the question and answer session will be delivered in English by the company's representative. Mr. Kanayama, please go ahead.
Speaker Change: Principal Executive officer, because I think in March will be dilutive and answering the question and answer session will be delivered in English by the company's representative Mr kind of Llama. Please go ahead.
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Thank you operator and everyone for joining UCHIDU's first six months of fiscal year 2021 for Earning Conference call today. On our call today, I will give you an overall of our performance for the first six months of fiscal year 2024. Then, our principal accounting and financial officer, Mr. Yui Chilo Haka, will share the details of the company's financial review. Lastly, we will conduct a Q&A session to take your questions.
Speaker Change: Thank you operator and everyone for joining me here she can now offer the airplane.
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Speaker Change: Our call today I will give you an overall off our performance for the first six months of fiscal year 'twenty 'twenty four.
Speaker Change: Our principal accounting and financial Officer and Mr. Used you know have gone well share the details of the company's financial review Lastly, we will conduct a Q&A session to take care of platform.
Yes, in 2022, Joe Kamihanki will launch a new product in Japan, Hong Kong, and the end of the world. This is a new product that has been released. It's so cool.
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In the first six months of fiscal year 2024, we are pleased that we have achieved a remarkable success in our newly launched luxury products, as well as our expansion in key markets like Japan and Hong Kong. Our revenue from directly operated physical stores saw a significant growth of 99% as a result.
Speaker Change: In the first six months of fiscal year 'twenty 'twenty. Four we are pleased that we have achieved a remarkable succeed in our newly launched at Lax Facebook ads as well as our expression.
Speaker Change: Cats, like Japan, and Hong Kong, our revenue from directly operated physical store saw a significant growth of 19% as a result.
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In 2023, in December 30, 2020, the Ministry of Justice, the Ministry of Justice, has been charged with a business plan to boost the efficiency of the operation.
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AssetRide franchise model is changing to Japan-Korea 4-tempo, 10-tempo franchise-tempo type. By changing the new tempo to the correct one at the time, we will continue to monitor the global market.
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As of September 30, 2023, we modified our business strategy so that we could concentrate our management's resources on coral businesses and improve operation efficiency and profitability.
Speaker Change: As of September 32023, we modified our business strategy. So that we could concentrate our managements for solstice on Karl businesses and improved operation efficiency and profitability. In addition to opening directly operated physical stores by ourselves we also adapt.
In addition to opening directly operated physical stores by ourselves, we also adapted the As in Life franchise model and transformed our physical stores in Japan to operate as franchise stores. Meanwhile, we plan to continue our global market expansion by opening additional stores for a while.
The asset light franchise model and transformed our physical stores in Japan to operate as a franchise store. Meanwhile, we plan to continue our global market expansion by opening additional stores for a while.
In the future, we will be able to improve the production capacity, and we will be able to provide long-term jobs. At the same time, we will be able to expand the business model of AssetLight, which is a global company called Japan Franchise.
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And we plan to expand the product line-up.
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With this, we are pushing for renewed innovation to exclude customers and raise the purchasing power of people by promoting people-to-people ??? ?? stage,
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Looking ahead, we are dedicated to driving sustainable growth and creating long-term values for our shareholders. We believe that our SLI business model, Franchise Expansion in Japan and Global Business Expansion Plan will help us achieve our goals.
Speaker Change: Okay. I have we are dedicated to driving sustainable growth and creating long term value for our shareholders. We believe that our asset light business model franchise expansion in Japan, and global business expansion plan will help us achieve our goals.
Through our FLI business franchise model in Japan, we hope to build strong store brand awareness, accelerate our business expansion, and optimize our revenue stream by leveraging the advantages of strategic alliance with franchisees.
Speaker Change: Through our asset light business franchise, not only in Japan, we hope to build strong store brand awareness accelerants or our business expansion and optimize our revenue stream by leveraging our advantages.
Speaker Change: Hey, Jake Alliance with franchisees.
Additionally, we expect a new strategy to expertise response to market trends and customer demands, improve our profitability and reduce our operating expenditure.
Speaker Change: Recently, we expect our newest threat factor.
Speaker Change: Hey, G. Two extra pay respond to market trends and customer American malls improve our profitability and reduce our operating expansion or.
Meanwhile, we plan to explore new markets while enhancing our current presence in Japan, China, the U.S., the U.K., and Canada by analyzing featurings of customer trends in different regions, continuously focusing on improving customer in-store experience.
Speaker Change: Meanwhile, we plan to explore new markets, while enhancing our current presence in Japan, China. The U S. The U K and Canada by analyzing they trail, a costumer trends and different wages continuously focusing on improving costumer installed experiments father.
further expanding our distribution network and exploring new partnership opportunities.
Speaker Change: Expanding our distribution network and exploring new partnership opportunities.
In addition, we plan to extend our product offerings. We believe this will help us attract additional customers, enhance the shopping experience of our existing customer base, encourage rapid purchases, and increase customer engagement and loyalty.
Speaker Change: In addition, we plan to extend and expand our product offerings.
Speaker Change: I'll leave this will help us attract additional customers and how's the shopping experience of our existing customer base encourage rapid purchaser and increased customer engagement and loyalty.
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Before that, I will explain the details of our investment. As the President of the United States, we are responsible for the effort in carrying out the Japan-U.S. refusal to discuss the circumstances that led to Bunny Doppler's decision.
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Thank you for your continued support to the company. Next, I will turn the call over to our Principal Accounting and Financial Officer, Mr. Yuichiro Haga, for a closer review of our financial of the first six months of fiscal year 2024 on behalf of the management team. Mr. Haga, please go ahead.
Speaker Change: The only asset class homebuilder irrationally.
Speaker Change: Thank you for your continued support to the company next I will turn the call over to our principal accounting and financial officer, Mr. Yoichi Little hunger for a closer review of our financial off the first six now all fiscal year 'twenty 'twenty four on behalf of the management team.
Yoichi Little: Mr Hung up please go ahead.
Thank you, Mr. Kaneyama. Good morning, everyone. On behalf of the management team, I will provide a brief financial overview of the first six months of fiscal year 2024.
Yoichi Little: Thank you Mr. Allen Good morning, everyone on behalf of the management team I'll be providing a brief and national overview I'll first speak man.
Yoichi Little: In 2024.
Our total revenue remains stable overall at $74.2 million for six months ended September 30, 2023.
Yoichi Little: Our tolerant revenue demand remains stable overall at 17 $4.2 million for six months ended September 30th two advance rate.
Our directly-operated Frisco store experiences a double-digit growth.
Yoichi Little: Our do you actually your branded physical store experiences that would be the wrong.
We are also pleased to see a substantial increase in revenue generated from our new product portfolio, including electronic products and luxury goods, which amounted to $48.1 million for six months in September 30, 2023.
Yoichi Little: We are always a prius to see in this tough patch.
Yoichi Little: Sure inquiry and revenue generated from our new product portfolio, including electronic products and riser eat good which amounted to $48.1 million.
Six months ended September 32023.
We expect that our new electronic products and leisure goods will act as a new driving force for our sustainable growth.
Yoichi Little: We expanded our electronic product and lot of the goods, We act and new dry first for an hour so tangible growth.
Yoichi Little: Our revenue wrong direct to your brand is pretty good story.
Our revenue from direct-to-you credit fiscal storage is by 99% to $11.6 million for the six months ended September 30, 2023.
Yoichi Little: If by 99% to $6 million for the six months ended September how are you doing to entry.
The increase was mainly due to the increase in revenue generated from direct-to-read fiscal stores in Japan and Hong Kong for the sixth month in September , 2023, as compared to the same pure rapidly.
Yoichi Little: The increase whereas Mary due to the increase in revenue generated from direct to your branded with the stores in Japan and Hong Kong for the six months ended September 30th.
Yoichi Little: Great.
Yoichi Little: Compared to the same to wrap the year.
During the six months ended September 30, 2023, the company started to offer luxury products, which contributed a significant proportion of increased direct deal credit to physical store sales in the six months ended September 30, 2023.
Yoichi Little: Joining the six months ended September 30 transplant three the company's salaried to offer lousy products, which contributed to a significant proportion now being crazy draft to upgrade its physical stores.
Yoichi Little: Six months ended September 32023.
The increase in JSC-affiliated physical store sales was also due to revenue contributed from our newly opened physical stores in Hong Kong.
Yoichi Little: The accuracy and dress or your branded stores. There is towards also do some revenue contribution from our new re up into physical stores in Hong Kong.
Revenues from online stores and services were $6 million for the sixth month ended September 7, 2023.
Yoichi Little: Revenue from our <unk> stores and service were $6 million, while the fixed mouth ended September 32, and 'twenty three.
Since August 2022, instead of spreading the online stores by ourselves,
Yoichi Little: That's all of our stress train tour instead of dragging on Ryan stores by ourselves.
We entrust the entire operations of all our online stores in China to third-party companies to minimize the operating risk.
Yoichi Little: We track the entire operations of all of our online stores in China to third party company to minimize the operating risk.
After the change, deep third-party companies purchased products from us right out of their outside customers' hands. This portion of revenue was recorded on the front-end stores and outside customers.
Yoichi Little: After the change.
Yoichi Little: The third priority comprehensive protest products from S. Right out there, let's take happiness and town. This person how the revenue works would be caught it and they're prompted stores as opposed to their customers.
In addition, revenue generated by our online stores in Japan and revenue from advertising services through KOLs are increasing.
Yoichi Little: And this sharp revenue generated by our Orion stores in Japan, and revenue from advertising services sort of K O L inquiry.
Revenue from franchise stores and wholesale customers added by 1.9% to $56.5 million for the sixth month ended September 30, 2023.
Yoichi Little: Revenue from franchise stores and wholesale customers.
Yoichi Little: By one 9% to $56 $5 million for the six months ended September 32, and 'twenty three.
Yoichi Little: [laughter].
The sale of electronic products and refugee goods caused an increase in venue revenue from franchise stores and policy customers sales due to their higher anti-selling price.
Yoichi Little: The thing I'll be retiring products and rapidly.
Yoichi Little: An increase in revenue from in refractive tourists and caused the continent's saved due to their high you're anticipating right.
Yoichi Little: The increase was also due to increased.
revenue previously recognized, and fiscal stores and online stores due to the shift in our business strategy as mentioned above.
Yoichi Little: Revenue previously recognized and their physical stores and online stores due to the shift in our business practices and mentioned there Bob.
However, the inquiries were sparsely offset by the temporary suspension of sales to certain customers.
However, the increase was partially offset by the temporary suspension notwithstanding to certain customers.
in order to mitigate the increased credit risk due to strong correction of overdue account receipts.
Yoichi Little: In order to mitigate the increase the PRASM reacted due to strong correct and of our all of our account receivable.
We suspended our sales to 13 customers during the period from May to June 2023.
Yoichi Little: We suspended our stage two as certain customers during the period from May to June.
Yoichi Little: 2023.
Sales to these customers were already gradually resumed since July 2023 after they accelerated their payments of the overdue accounts received over two and a half.
Yoichi Little: Phase two days cast them as four already gradually resumed Sanford you're right 2023 asked if they accelerated their payment.
Yoichi Little: Payments to all the.
Yoichi Little: The overdue accounts receivable to Iran.
Gross profit was 9.5 million dollars for the 6th month ended September 30th, 2023.
Yoichi Little: Gross profit was 9% at 90.
Yoichi Little: $9 $5 million for the six months ended September 30th twice and three.
gross managing worth 12.8% for the peak mountain this September 30, 2023.
Yoichi Little: Gross Madden even worse.
Yoichi Little: <unk>, 8% for the six months ended September 32, and 'twenty three.
Operating expenses down by 32.4% to $9.1 million for the six months ended September 30, 2023.
Yoichi Little: Operating expenses down by 32 point.
Yoichi Little: Two $9.1 million for the six months ended September satisfactory.
In particular, we have cut down on salary, general and administrative expenses by 4.4 million dollars for six months and it's September 30, 2023.
Yoichi Little: In particular, we have kept all our selling general and administrative expenses by $454 million, what's fixed mount than at September 20th century.
Yoichi Little: The fifth call brief bathroom depress our in house rational if safi and appropriate rabies.
Defection cost reduction reflects our enhanced operational, extensive, and professional needs.
The income increased by 496.6% to $2 million for the sixth month in this September 30, 2023, from $0.3 million for the same period of last year.
Yoichi Little: Net income increased by 496.6% to $2 million in Florida.
Yoichi Little: Math ended September 30th threat telemetry from viewpoint $3 million for the same period.
Yoichi Little: Yeah.
Basic and diluted earnings per share were $0.05 for the sixth month ending September 30, 2023, compared to $0.01 for the same period of last year.
Yoichi Little: Basic and diluted earnings per share, whereas viewpoint and $5 for the six months ended September Saudi Duane to entry compared to zero point in $1 for the same period last year.
as of September 30th, 2023.
Yoichi Little: As of September 30th 2023.
The company had cash of 2.8 million dollars.
Yoichi Little: Company had cash of two point and medium salaries.
As of September 30, 2023, the company has $74.2 million accounts receivable balance due from third parties.
Yoichi Little: As of September Savviest transplant, three the company had $74.2 million accounts receivable balance due from third parties.
Accounts received with their match came down by 50 million dollars from the beginning of the period showcasing a gathering pace of parents' recollection
Yoichi Little: Accounts receivable, but the rematch care down by $50 million from the beginning of the period show casting is gathering pace.
Yoichi Little: Rick reelection.
Yoichi Little: Our protests memory 38, 105%, obviously September 30th Drivetrain Treaty has advanced cyber spend where you're correct.
Approximately 38.05% of the September 30th, 2023 balance has been subsequently correct.
Yoichi Little: Before I send it would start to receive over May catch a battle for using now we're appraising as walking capstone if necessary.
As of September 30, 2023, the company had merchandise inventories of $14.8 million, which the company believes can be sold quickly based on its analysis of the current trending band for its products.
Yoichi Little: As of September 30th strengthening trade the company hadn't met Martin that inventories of $14.8 million, which the company believes can be sold quickly based on the analysis of the current trending ban or a problem.
Yoichi Little: Yeah.
For the sixth month ending September 30th, 2023, net cash provided by operating activities was $3.7 million, a significant increase from $21.9 million net cash used in operating activities for the same period last year.
Yoichi Little: For the six months ended September 30 of transplant free cash.
Yoichi Little: Cash provided by operating activities were $3.7 million.
Yoichi Little: Significant increase from 21.9 million net cash used in branding activities for the same period last year.
net cash provided by embedding activities worth $0.4 million.
Yoichi Little: Net cash provided by investing activities worse viewpoint for millions of dollars.
net cash used in financing activities worth $1.1 million.
Yoichi Little: Net cash used in financing activities worth $1.1 million.
We are pleased to see our resilient business model strengthen during the past six months to make up for described decrease in total revenues.
We are pleased to see now we are a resilient business model strengthened during the past six months to make up for it describes the equate in sort of revenue.
The impressive growth in our net income as well as the revenue from direct to your credit fiscal stores props up our business and operations as we look to the next six months and beyond.
Yoichi Little: The impressive growth in our net income as well as the revenue from the rest of your friend as plants get stores props up Npower business.
Yoichi Little: And as we look to the next six months and beyond.
Our dedication to follow the set right business model and keep across I am trading cost and as far as I have promised to create greater value for our shareholders.
Yoichi Little: Our dedication to far, but you said right business model and keep it across I am Brad in college and dispersed as promised to create greater value for now or is she apologize.
Now, I would like to turn the discussion over to the operator to any questions.
Yoichi Little: Now I would like to turn the discussion over to the operator to any questions.
Yes, thank you. At this time, we will begin the question and answer session.
Speaker Change: Yes. Thank you.
Speaker Change: At this time, we will begin the question and answer session.
To ask a question, you may press star then 1 on your touchtone phone.
Speaker Change: Ask a question you May press Star then one on your Touchtone phone.
If you are using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press star then 2. At this time, we will pause.
Speaker Change: If you are using a speaker phone please.
Speaker Change: Pick up your handset before pressing the keys.
Speaker Change: To withdraw your question. Please press Star then two.
Speaker Change: At this time, we will pause momentarily to assemble the roster.
And the first question comes from Eva Jacobs, a private investor.
Speaker Change: And the first question comes from Eve of Jacobs, a private investor.
Speaker Change: Okay.
Hi, management team, I got one question for you. How's the company doing in the post-pandemic era? Thank you.
Hi management team I got one question for you how is the company doing in the post pandemic era. Thank you.
Yes, the new coronavirus travel school was banned from Japan, and along with that, the international medical experience was removed. More than this, the cost of the medical experience compared to the travel school.
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The removal of logistic restoration in expert and other related measures in Japan after the COVID-19 pandemic has latched our shipment costs.
Joel: The removal of logistic restoration and expert and other related measures in Japan. After the COVID-19 pandemic has lashed our shipment costs.
significantly driving up our profitability. Meanwhile, with the lifting of the pandemic lockdown and the restoration around the world, we have been a dramatic increase in overseas orders.
Joel: Secondly, driving up our profitability.
Joel: While we're at lifting off the pandemic lockdown restoration around the world, we have seen a dramatic increase in overseas others.
which has bolstered our total revenue and is reviled in our earning report. Those are our profits and sales have been rapidly recovering after the pandemic.
Joel: Which has bolstered our total revenue and it's resolved.
Joel: <unk> report, both our profit and sales have been a rapidly recovering after the pandemic. We are confident that we will achieve higher growth in the future. Thank you.
We are confident that we will achieve higher growth in the future. Thank you.
Thank you. And the next question comes from Diana Anderson, also a private investor.
Speaker Change: Thank you and the next question comes from Diana Anderson also a private investor.
Speaker Change: Okay.
Hi, thank you. So I have two questions here for you. My first question will be, what are the company's future growth strategies?
Alright. Thank you. So I have two questions here for you. My first question would be what are our company's future growth strategies.
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This year's major development strategy is to create a wide-angle partnership network.
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We are working on the development and especially the development of the OOTEN company.
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By doing this, you can earn a lot of money by using the Kizono HANPAI NEDOWERK, and you can earn a lot of money by using the HANPAI NEDOWERK and MAKITING. You can also use the FAPLIA and PATONATO that you can trust, and you can also use the SEIKIN LINEUP, and you can also use the SEIKIN LINEUP,
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Fuyashi yori no kagaku kakuhou suru keikaku desu. Kore ga kousha, so nante!
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It is important to make sure that the customer is satisfied with the product.
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We seek to expand our business through our extensive partnership, in particular with large popular brands, leveraging their existing distribution networks. We are well on our way to opening up new sales and marketing channels globally.
Speaker Change: We seek to expand our business through our extensive partnership in particular with large popular boss.
Speaker Change: Leveraging their existing distribution networks.
Speaker Change: We are well on our way to opening up new sales and marketing channels globally.
In addition, the collaboration with established suppliers and partners expects to expand our product portfolio and secure favorable prices, which are essential to the expansion of our franchise stores and customer base. Thank you.
In addition, the collaboration with established suppliers and partners expect to expand our product portfolio and secure a favorable prices.
Speaker Change: Which are essential to the expansion of our franchise stores and customer base. Thank you.
Thank you. I also have another question. So what will be the effect of the current exchange and depreciation on a company?
Speaker Change: Thank you I also have another question so what will be the effect just of course exchange on differentiation.
Speaker Change: Thank you.
Speaker Change: Yeah.
It's easy to play, but it's hard to get used to it.
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Minamoto natte imasu, en-soba, sake-zu.
Speaker Change: I mean, our model not the aim.
Speaker Change: So about five years.
Speaker Change: So.
In the first place, the government has been expanding its market in the country and expanding its domestic products in the world. The sale rate is...
Speaker Change: Okay Christy.
Speaker Change: Paul did push out well see.
Speaker Change: They'll keep kartik I still couple that she can I see some kind of pet food.
Speaker Change: They're already so little Yucky Wow.
It's mainly built in concrete.
Speaker Change: Good morning.
Speaker Change: They total case, you'll sort of demos.
In the year 2024, in the last year of the Kamihaki period, the number of people from Kawase, Hentou, and Rieki compared to all of them has increased by over 2 million dollars.
Speaker Change: He sent me to join the call.
Speaker Change: Hollyhock, you know as I say, you know what do they want.
Speaker Change: Policy of hidden Toyota D D. It keeps it could all be there.
Speaker Change: So she chuckled a little quiet.
Speaker Change: Quit my style.
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Speaker Change: Clinical in football Haynesville being gone.
Speaker Change: Pilot sheet sitting up the trophy infill behind door keep cool.
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Speaker Change: Oil base.
Speaker Change: No no Cosby Julio state.
Speaker Change: You could do this.
The depreciation of Japanese yen against US dollar has benefitted us in the first half of fiscal year 2024. As an export of Japanese products overseas, our transactions are primarily conducted in US dollars.
Speaker Change: So depreciation of Japanese yen against U S. Dollar it has benefited us in the first half of fiscal year 'twenty 'twenty four.
Then expert ex parte of Japanese products overseas, our transactions are primarily conducted in U S dollars.
With the expansion of our overseas market in the past six months, the fluctuation of currency exchange has brought us more profits.
Speaker Change: With the expansion of our overseas market in the past six smell the fluctuation of currency exchange has had a small profit.
with the gain from currency exchange more than doubling to over $2 million. We will continue to keep an eye on the change of currency exchange and adjust our strategies accordingly to manage the effects of currency exchange. Thank you.
Speaker Change: With the gain from currency exchange more than doubling to over $2 million. We will continue to keep an eye on the change of currency change and adjust our strategy our strategy accordingly to manage the facts I'll cover things changed thank you.
Speaker Change: Yeah.
Thank you. And the next question comes from Irina Robano, a private investor.
Speaker Change: Thank you and the next question comes from Irina Roberto a private investor.
Hi. Thank you for sharing your financial results. I also have two questions here. So my first question is, how do you view the recovery of customer consumption?
Irina Roberto: Hi, Thank you Mr. Springer and enjoys out I also have two questions here.
Irina Roberto: So my first question is how do you view the recovery of customer consumption.
Irina Roberto: Okay.
Irina Roberto: Yeah.
Irina Roberto: Although public they need.
Pantemic, economic recovery, health, public health, and electricity.
Irina Roberto: Cool cant Cai school pulled more light.
Irina Roberto: You can cool cool Coke who didn't he.
Irina Roberto: T O.
It is very effective and can be seen in many ways. Especially for the global market in Japan and around the world,
Irina Roberto: Push that you must go beyond all the months totaling close to where you'll be when you.
Speaker Change: Oh boy.
For example, the high-end products of the first and second-hand sales of the company, such as electricity, are listed in the top-notch.
Speaker Change: Georgia, and Jojo stay months probably.
But push up I, probably should come by occasional cough cold coffee, where you'll be denki.
Speaker Change: Hello.
hiisa HIA kekhnes. andyonion dokimihankisuke usakgu.
Speaker Change: She'll shop here.
Speaker Change: Okay you bet.
Speaker Change: Create a nice and neat you'll you'll indulge me hungry keisha acute.
Speaker Change: Sure I'll give you.
Speaker Change: Sure he'd couple that you did.
Speaker Change: 90 must stop.
In addition, it has the effect of cheap performance and the charm of Japanese products.
Speaker Change: <unk> seen the Ecu the whole season.
Speaker Change: Me too.
Speaker Change: Muster all the months.
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Hi, Oh, Okay, cool I thought there might be in Japan.
Speaker Change: Meaning that you don't talk Amit.
Speaker Change: Yes.
We have been rebound in the demand for beauty, health, luxury and electronic products with the economy recovery in the post-pandemic area.
Speaker Change: We have been with bombs aimed at the moment for beauty health luxury and electronic products with the economy recovery in the post pandemic area.
In particular, the demand for Japanese brands in the global market has risen gradually. For instance, our newly launched luxury and electronic products have been wildly embraced by Chinese consumers, which showcased the consumption rally that boosted our revenue in the first half of fiscal year 2024.
Speaker Change: In particular, the demand for Japanese brands in the global market has risen gradually for instance, our newly launched lot Trey and electronic products have been wildly embraced by Chinese consumers, which showcased our consumption rallied that though.
Speaker Change: Our revenue in the first half of fiscal year 'twenty 'twenty four.
Besides, the depreciation of Japanese yen has added to the attraction of our home-grown products, which enhance the brand awareness of Japanese products as a whole and expanded customer base. Thank you.
Speaker Change: The depreciation of Japanese yen has added to the attraction of our homegrown products, which enhance the brand awareness of Japanese products as a whole and expanded our customer base. Thank you.
Speaker Change: Yeah.
Okay, thanks. So my next question is about yourselves. Now it is the end of December . Could you predict the sales in the next few months?
Speaker Change: Okay. Thanks. So my next question is about it's probably yourselves.
And at the end of the convert.
Speaker Change: Could you predict the south east in the next few months.
Speaker Change: Okay.
Speaker Change: [noise] torsional Shui Coca Cola Oxy dummy call Naomi shoot Fushi kilowatts, and untested demos took when he took a tent pole assure in Cuba, baidu, she's spud as yours.
In the future, we will continue to ensure that we do not give up in the direction of the head of the government. Especially, we will continue to improve the direction of the government, and we will continue to improve the policy of SPARASHINOS.
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Speaker Change: Porsche.
AssetLight has a business model and has a franchise development position in Japan. This is the right way of doing business.
Speaker Change: I think tonight or no b genius smoked it'll be a new logo for 19 predominantly thank god she looked at all anymore.
Speaker Change: So you can GTO cooked options okay.
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Speaker Change: Robust at Thanksgiving.
Speaker Change: As we can see from our annual report our total revenue remained stable overall and our revenue from directly operated physical store has been has seen extraordinary growth off nearly doubled.
As we can see from our earlier reports, our total revenue remains stable overall and our revenue from directly operated physical store has been and has seen an extraordinary growth of nearly doubled. Looking forward we are optimistic about our SLI business model and franchise expansion in Japan and we will continue to extend our business globally.
Speaker Change: Looking forward, we are optimistic about our asset light business model and franchise expansion in Japan, and we will continue to expand our business globally. We.
We believe that with the gradual improvement of the global economy after the COVID-19 epidemic and the adjustment of our company's growth strategy, future sales revenue will further increase. Thank you.
Speaker Change: We believe that with the gradual improvement of the global economy. After the COVID-19 epidemic.
Speaker Change: And the adjustment of our company's growth strategy.
Speaker Change: Future sales revenue well further increase thank you.
Thank you, and due to limited time, this does conclude the question and answer session. I would like to return the floor to the company's IR representative for any closing comments.
Speaker Change: Thank you.
Speaker Change: And due to limited time. This does conclude the question and answer session.
Speaker Change: I'd like to return the floor is the company's IR representative for any closing comments.
Thank you so much for joining this conference call. If you have any questions, please contact us through emails at IR at YSTBK.SAO.JP or reach our IR Council Ascent Investor Relations at investors.ascent-IR.com.
Speaker Change: Thank you so much for joining this conference call. If you have any questions. Please contact us through emails at IR at Y S. T V. Cato sale adult J P. A reach our IR counsel Asos Investor relations as investors at Athens Dash I our doctor.
Management will respond to you to your questions as soon as possible. We appreciate your interest and support in Ushizu and look forward to speaking with you again next time.
Speaker Change: Management will respond to you to your question as soon as possible. We appreciate your interest and support and usually too and look forward to speaking with you again next time.
Thank you, and thank you again for attending Ushitsu's first six months of fiscal year 2024 earnings conference call. This concludes our call today, and we thank you all for listening in. Goodbye.
Speaker Change: Thank you and thank you again for attending you should Sue first six months of fiscal year 2024 earnings Conference call.
Speaker Change: This concludes our call today and we thank you all for listening and goodbye.
Speaker Change: Yeah.