Earnings Announcement
Presentation Materials
Summary of Recent Financial Results
◆Retail Unit sales
In the Second quarter of the fiscal year under review (March 1 to August 31, 2024) (the “first half”), retail unit sales at directly managed stores in Japan were 75,917 (up 2.9% year on year), a record high for first half sales. This 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. Gross profit per unit on a retail basis increased approximately 60,000 yen from a year ago, to 440,000 yen, attributable to the curbing of discounts on vehicle prices.
◆Selling, General, and Administrative Expenses
Consolidated selling, general and administrative expenses increased, chiefly reflecting higher advertising expenses and rent expenses on land and buildings linked to the opening of large stores and higher personnel expenses due to a rise in the number of employees as the result of increased new hiring for the implementation of growth strategies.
◆Consolidated Results
As a result of the above, the consolidated business results for the first six months under review were net sales of 249,651 million yen (up 22.6% year on year), operating profit of 10,083 million yen (up 42.1%), ordinary profit of 9,603million yen (up 38.8%), and profit attributable to owners of parent of 6,485million yen (up 34.5%).
