Worth reading
39Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
182.6
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 December 2025 to 28 February 2026ConsolidatedJapanese GAAPNet Sales181,069¥ millionYear on year +25.0%Progress 26.5%
Operating profit6,024¥ millionYear on year +182.6%Progress 25.1%
Ordinary income5,754¥ millionYear on year +197.3%Progress 25.5%
Net income attributable to owners of the parent3,962¥ millionYear on year +252.2%Progress 26.4%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥50.63
Financial position at period-end
Total assets228,117¥ million
of which net assets 79,646 ¥ millionEquity ratio 34.9%vs. prior year-end 0.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Regional sales
Hokkaido and Tohoku20,4865.7%+120.5%
Kanto and Koshinetsu51,78514.3%+129.8%
Tokai and Hokuriku53,86814.9%+121.4%
Kansai21,6726.0%+120.8%
Chugoku and Shikoku11,7383.2%+128.0%
Kyushu and Okinawa21,5185.9%+130.3%
Total181,06950.0%+125.0%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥684,000 million (YoY +4.9%)
Operating profit¥24,000 million (YoY +22.5%)
Ordinary income¥22,600 million (YoY +22.3%)
Net income¥15,000 million (YoY +17.1%)
Annual Dividend Forecast¥45 → ¥50（+11.1%）
Factors Behind Changes in Business Performance
Domestic used-car registrations exceeded the prior-year level, reaching 101.2% of the year-earlier figure. New locations opened included the Comprehensive Store Kishiwada, SUVLAND Toyohashi, and 2 used-car purchasing stores.
Disclosure regarding the going concern assumption
No relevant matters. The notes state, "There are no applicable matters."
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies (no company names provided) / Excluded 0 companies (no company names provided)
Material subsequent eventsOn 26 March 2026, the company entered into a loan agreement containing financial covenants with a total of seven financial institutions, with MUFG Bank as arranger. The borrowing amount is ¥20 billion, the repayment date is 31 March 2031, and no collateral is provided.
Depreciation and amortization¥1,708 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo (no target participants specified)
Issued Shares at Period-End80,877,900 Shares
Treasury Shares at Period-End2,582,921 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 December 2025 to 28 February 2026 |
| Net Sales | ¥181,069 million (YoY +25.0%) |
| Operating profit | ¥6,024 million (YoY +182.6%) |
| Ordinary income | ¥5,754 million (YoY +197.3%) |
| Profit attributable to owners of the parent | ¥3,962 million (YoY +252.2%) |
| Net income per share | ¥50.63 |
| Equity ratio | End of the current fiscal period 34.9 / End of previous period 34.9 |
| Total assets | ¥228,117 million |
| Net assets | ¥79,646 million |
| Full-year earnings forecast | Net Sales ¥684,000 million (YoY +4.9%) / Operating profit ¥24,000 million (YoY +22.5%) / Ordinary income ¥22,600 million (YoY +22.3%) / Net income ¥15,000 million (YoY +17.1%) |
| Annual Dividend Forecast | ¥45 → ¥50（+11.1%） |
| Regional sales | Region Hokkaido and Tohoku / Net Sales ¥20,486 million / Year on year against the same period last year 120.5, Region Kanto and Koshinetsu / Net Sales ¥51,785 million / Year on year against the same period last year 129.8, Region Tokai and Hokuriku / Net Sales ¥53,868 million / Year on year against the same period last year 121.4, Region Kansai / Net Sales ¥21,672 million / Year on year against the same period last year 120.8, Region Chugoku and Shikoku / Net Sales ¥11,738 million / Year on year against the same period last year 128, Region Kyushu and Okinawa / Net Sales ¥21,518 million / Year on year against the same period last year 130.3, Region Total / Net Sales ¥181,069 million / Year on year against the same period last year 125 |
| Depreciation and amortization | ¥1,708 million |
| Disclosure regarding the going concern assumption | No relevant matters. The notes state, "There are no applicable matters." |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies (no company names provided) / Excluded 0 companies (no company names provided) |
| Material subsequent events | On 26 March 2026, the company entered into a loan agreement containing financial covenants with a total of seven financial institutions, with MUFG Bank as arranger. The borrowing amount is ¥20 billion, the repayment date is 31 March 2031, and no collateral is provided. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No (no target participants specified) |
| Issued Shares at Period-End | 80,877,900 Shares |
| Treasury Shares at Period-End | 2,582,921 Shares |
| Factors Behind Changes in Business Performance | Domestic used-car registrations exceeded the prior-year level, reaching 101.2% of the year-earlier figure. New locations opened included the Comprehensive Store Kishiwada, SUVLAND Toyohashi, and 2 used-car purchasing stores. |
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company explained that domestic used-car registrations exceeded the prior-year level, reaching 101.2% of the year-earlier figure, and that it opened new Comprehensive Stores, SUVLAND locations and used-car purchasing stores.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.