Earnings Announcement
Presentation Materials
Summary of Recent Financial Results
◆Retail units sold
In the first quarter of the fiscal year under review (March 1 to May 31, 2025), retail unit sales at directly managed stores in Japan were 43,840 (up 12.9% year on year). During the first quarter of the consolidated fiscal period, we achieved a record-high number of retail units sales. Despite the challenging environment of declining used car auction prices, gross profit per retail unit remained on par with the same period last year.
The main factors include the steady number of retail units sold at large stores and the prompt and appropriate inventory adjustments made in response to declining auction prices.
Two new large stores were opened as initially planned.
◆Selling, general, and administrative expenses
Consolidated selling, general and administrative expenses increased due to higher rent from new store openings, increased personnel costs, and higher recruitment-related fees.
◆Consolidated results
As a result of the above, the consolidated business results for the first quarter under review were net sales of 138,532 million yen (up 11.2% year on year), operating profit of 3,900 million yen (down 12.3%), ordinary profit of 3,582 million yen (down 17.0%) and profit attributable to owners of parent of 2,278 million yen (down 21.5%).
