MR.DIY explained

Mr D.I.Y. Group (M) Berhad
Type:Public
Industry:Retail
Founded:July 2005
Founder:Tan Yu Yeh
Location City:Seri Kembangan, Selangor
Location Country:Malaysia
Num Locations:2500
Num Locations Year:2023
Area Served:Malaysia, Thailand, Indonesia, the Philippines, India, Singapore, Brunei, Cambodia, Turkey, Spain and Vietnam
Revenue:RM3.373 billion (2021)[1]
Operating Income:RM645 million (2021)
Net Income:RM432 million (2021)
Assets:RM2.701 billion (2021)
Num Employees:15,708 (August 2022)
Subsid:
  • MR.TOY
  • MR.DOLLAR
  • MR.DIY Express
  • MR.DIY Plus

MR.DIY, sometimes stylised as MR.D.I.Y., is a home improvement retailer[2] owned by Malaysian company Mr D.I.Y. Group (M) Berhad, headquartered in Selangor, Malaysia. It offers home improvement products for do-it-yourself through its network of shops and online stores.[3]

Mr D.I.Y. Group owns and operates over 1000 stores in Malaysia.[4] [5] [6] [7] and over 2,500 stores in 10 Asian and European markets, including Malaysia, Thailand, Indonesia, the Philippines, India, Turkey, Spain, Singapore, Brunei, Cambodia, and Vietnam.[8] [3] [9]

History

MR. DIY was started as a consumer hardware store in Jalan Tuanku Abdul Rahman, Kuala Lumpur, Malaysia in July 2005. [10] In 2018, MR. DIY embraced e-commerce by establishing an online store and presence on Shopee. In October 2020 when MR. DIY became a publicly traded company on the Bursa Malaysia stock exchange.[11] [12] MR. DIY's international expansion began in November 2021 with the opening of its first store in Turkey at Meydan Istanbul Mall. This was followed by the launch of stores in Spain (Talavera de la Reina and Madrid) in January 2022. As of October 2022, the company had a presence in 24 locations across Turkey and 12 in Spain.

In April 2021, the company launched a storefront format called MR.DIY Express for rural communities.[13] In May 2022, the group opened MR.DIY Plus, a 30000square feet mega retail store, MR.DIY Plus at MidValley Megamall.[14] [15] [16]

In October 2023, MR. DIY expanded its operations in Vietnam through opening five stores in three key locations within a month. [17] Also in 2023, MR. DIY fully entered the e-commerce space of the country as it launched its official online store.[18] In January 2024, MR. DIY unveiled its plan to operate in Romania and Bulgaria.[19]

Financials

Finances 2017 to 2021[20] [21] [22]
YearRevenue(RM million) Net Profit(RM million) Number of employees Number of stores
2017 1,229 210 - 354
2018 1,771 308 - 467
2019 2,276 318 9,500 593
2020 2,559 337 11,607 734
20213,373432[23] 12,518900

Notes and References

  1. Web site: Annual Report & CG Report . bursamalaysia.com.
  2. Web site: News In Brief. January 24, 2022. DailyStraits.com.
  3. Web site: Cawangan Ke-800 MR.D.I.Y Dibuka Di Pavilion Bukit Jalil. Mohamad. Syafiq. January 31, 2022.
  4. Web site: MR D.I.Y. sumbang RM300 kepada 15,000 penuntut UM. Muhammad Ikhwan. Ideris. September 29, 2021.
  5. Web site: MR DIY, MPHS join hands to clean up Sungai Kedondong. November 24, 2021.
  6. Web site: SMK Iskandar Shah menang pertandingan 'DIY Made Simple' peringkat kebangsaan ke-5. December 8, 2021.
  7. Web site: MR DIY buka cawangan ke-800 di Pavilion Bukit Jalil. KLSE Screener.
  8. Web site: Countries | Mr D.I.Y. Group (M) Berhad. www.mrdiy.com.
  9. Web site: Mr. DIY Turkey aims to end year with 35 stores . 30 January 2024 . DIY International.
  10. Web site: Dayangku. Sade. 2020-10-23. In 15 Years, Mr DIY Grew From A Small KL Store To A Household Name Valued At RM10bil. 2021-01-10. Vulcan Post. en-US.
  11. News: Lee. Liz. 2020-10-06. UPDATE 2-MR DIY opens books for Malaysia's largest IPO in three years. en. Reuters. 2021-01-07.
  12. News: Shankar . Arjuna . Mr DIY tops the active list on debut day; share price up 9.34% . The Edge Markets . 26 October 2020.
  13. News: Alias . Alzahrin . MR DIY Express penuhi keperluan di luar bandar . . 6 August 2021 . en.
  14. Web site: Terima kedatangan 200,000 pelanggan. MSN.
  15. Web site: Terima kedatangan 200,000 pelanggan . 29 June 2022 .
  16. Web site: MR DIY expands retail presence. The Star.
  17. Web site: Mr. DIY quickly scales up in Vietnam . 30 January 2024 . DIY International.
  18. Web site: Mr. DIY Thailand enters e-commerce space . 30 January 2024 . DIY International.
  19. Web site: Mr. DIY aims for Romania and Bulgaria . 30 January 2024 . DIY International.
  20. Web site: Financial Information . Mr D.I.Y. Group (M) Berhad.
  21. Web site: Mr DIY 4Q profit grows 24% to RM134.6m, declares 0.9 sen dividend. MSN.
  22. Web site: Mr DIY delivers RM135m net profit in Q4; eyes 180 new stores this year. www.thesundaily.my.
  23. Web site: MR DIY posts higher net profit of RM431.82mil in FY21. KLSE Screener.