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MR.DIY

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Mr D.I.Y. Group (M) Berhad
Company typePublic
MYX: 5296
IndustryRetail
FoundedJuly 2004
FounderTan Yu Yeh
Headquarters
Seri Kembangan, Selangor
,
Malaysia
Number of locations
2500 (2023)
Area served
Malaysia, Thailand, Indonesia, the Philippines, India, Singapore, Brunei, Cambodia, Turkey, Spain and Vietnam
RevenueIncreaseRM3.373 billion (2021)[1]
IncreaseRM645 million (2021)[1]
IncreaseRM432 million (2021)[1]
Total assetsIncreaseRM2.701 billion (2021)[1]
Number of employees
15,708 (August 2022)[1]
Subsidiaries
  • MR.TOY
  • MR.DOLLAR
  • MR.DIY Express
  • MR.DIY Plus
Websitewww.mrdiy.com

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

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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.[10] 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.[9]

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 30,000 sq ft (2,787 m2) 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

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Finances 2017 to 2021[20][21][22]
Year Revenue(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
2021 3,373 432[23] 12,518 900

References

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