Earnings Announcement
Presentation Materials
Summary of Recent Financial Results
◆Retail Unit sales
In the third quarter of the fiscal year under review (March 1 to November 30, 2024), retail unit sales at directly managed stores in Japan were 113,519 (up 6.6% year on year), a record high for first nine months sales. This is mainly owed to the commencement of operation of large stores opened in the previous fiscal year and robust retail unit sales at existing large stores. The Company was able to increase the number of cars sold while also maintaining high gross profit per unit on a retail basis, mainly due to pricing that did not assume discounts.
◆Selling, General, and Administrative Expenses
Consolidated selling, general and administrative expenses increased, chiefly reflecting higher personnel expenses due to a rise in the number of employees linked to the opening of large stores, as well as advertising expenses and rent expenses on land and buildings.
◆Consolidated Results
The consolidated business results for the first nine months under review were net sales of 380,515 million yen (up 23.7% year on year), operating profit of 15,058 million yen (up 39.1%), ordinary profit of 14,524 million yen (up 37.1%), and profit attributable to owners of parent of 9,801 million yen (up 35.4%).
