Monthly Operational Summary FY2003 (February 2004)

Business Report

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Total sales increased 1.5% year on year to 101,746 million. Excluding sales of Highway Card toll cards, existing store sales decreased 0.4% (the impact of these cards was 5.4%). Average daily sales per store were 457,000, while the average amount spent per customer was 637, an increase of 0.8%. The average number of customers per store per day was 755, down 1.2% year on year.

Store openings continued to proceed smoothly in February. As a result, in the fiscal year ended February 29, 2004, Lawson opened 625 stores and closed 429 stores (including 205 relocations). As a result, Lawson had a total of 7,821 stores as of February 29, 2004. The net increase of 196 stores was largely in line with the company's plans.

In the rice dish category, hand-rolled rice balls recorded double-digit sales growth, while 1 million units of Marukaburi Sushi were sold, double the sales volume last year. In contrast, sales of Jikamaki rice balls and boxed lunches struggled. Overall, same-store sales in the rice dish category failed to reach the level of the previous year, when results were bolstered by strong demand for beef bowls and other products.

Cold noodles, which went on sale earlier than last year, sold strongly. Sales of oden (a kind of Japanese hotchpotch or stew) dropped, but healthy sales of Chinese dumplings and other products lifted overall fast food category sales above the previous year.

Bakery category sales, boosted by new product launches in the Totte Oki Sengen series of original breads and the increasingly reliable sales performance of standard products, continued to outpace the previous year. One highlight was the popularity of Lawson's melon-flavored bread, which also attracted interest from the media.

Soft drink sales were brisk as the whole country enjoyed fine weather. Another factor driving sales was the growing number of regions where Lawson sells the Healthya brand of green tea.

On February 20, Lawson started accepting orders for Bayside Shakedown 2 videos and DVDs. Some items are only available at Lawson.

Lawson plans to announce its operating results for the fiscal year ended February 29, 2004 on Wednesday, April 14.

Monthly Data

For Print

Consolidated

Number of Stores

  MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB TOTAL
Opening 22 41 34 52 88 84 27 50 51 45 42 89 625
  Closure 17 39 9 14 16 18 23 17 23 16 5 27 224
Re-location 9 23 19 25 22 24 15 18 13 13 12 12 205
Subtotal 26 62 28 39 38 42 38 35 36 29 17 39 429
Total 7,621 7,600 7,606 7,619 7,669 7,711 7,700 7,715 7,730 7,746 7,771 7,821 7,821
Net Increase -4 -21 6 13 50 42 -11 15 15 16 25 50 196

Sales

  MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB
Total Sales
(¥millions)
110,970 106,538 109,915 110,078 116,409 121,103 111,288 112,467 108,954 116,517 105,774 101,746
All Stores yoy 98.8% 98.2% 98.0% 100.1% 96.0% 98.9% 101.7% 101.5% 103.5% 100.5% 101.3% 101.5%
Existing Store yoy 99.0% 99.0% 98.1% 99.4% 95.1% 97.8% 100.4% 99.9% 101.7% 98.7% 99.4% 99.6%
Ave.Daily Sales per store
(¥thousands)
476 473 471 488 497 514 488 476 477 491 445 457
Number of Customers (Number) 771 789 801 813 827 850 836 814 792 773 727 755
comparison
w/ previous yr
98.2% 98.8% 99.7% 97.8% 94.4% 97.7% 100.8% 99.7% 100.0% 100.0% 100.0% 98.8%
Spending per Customer (¥) 620 605 593 605 605 611 589 591 608 640 620 637
comparison
w/ previous yr
100.8% 100.2% 98.4% 101.6% 100.7% 100.1% 99.6% 100.2% 101.7% 98.7% 99.4% 100.8%

Number of Stores by Region and Prefecture

  MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB
Hokkaido 474 473 470 467 471 475 476 477 479 482 483 485
Tohoku 642 637 636 639 644 646 646 647 645 644 644 646
Kanto 1,923 1,928 1,933 1,943 1,958 1,980 1,984 1,991 1,999 2,010 2,013 2,028
Koshinetsu 315 312 311 311 312 312 310 310 308 308 308 311
Hokuriku 223 220 220 221 222 224 223 222 223 223 223 224
Tokai 625 622 624 627 632 629 625 626 630 631 639 644
Kinki 1,735 1,722 1,726 1,723 1,735 1,740 1,734 1,739 1,740 1,743 1,751 1,756
Chugoku 447 444 445 446 448 450 449 449 447 446 447 449
Shikoku 366 369 368 366 368 371 370 369 371 370 371 378
Kyushu 871 873 873 876 879 884 883 885 888 889 892 900
Total 7,621 7,600 7,606 7,619 7,669 7,711 7,700 7,715 7,730 7,746 7,771 7,821
Shanghai 103 106 109 116 120 126 129 134 144 146 148 153

* Note) excluding highway card

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