Earnings Announcement
Presentation Materials
Summary of Recent Financial Results
◆Retail Unit sales
In the fiscal year under review (March 1, 2024, February 28, 2025), retail unit sales at directly managed stores in Japan were 149,003 (up 3.1% year on year), a record high. 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 expansion of large stores, as well as advertising expenses and rent expenses on land and buildings resulting from the opening of new stores, and outsourcing expenses for the training of sales personnel.
◆Consolidated Results
As a result of the above, the consolidated business results for the fiscal year under review were net sales of 496,678 million yen (up 18.3% year on year), operating profit of 19,890 million yen (up 23.4%), ordinary profit of 19,115 million yen (up 20.8%) and profit attributable to owners of parent of 13,447 million yen (up 17.5%).
