Decline in Gross Margin Due to Falling Vehicle Prices and Losses on Slow-Moving Inventory
First written in FY2020-Q2. 4 of 19 entries say "Worsened", first in FY2023-Q1. Latest entry: 2026-10-05.
Nextage moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Worsened".
- 2026-10-05WorsenedEarnings
「Gross profit 82,037 96,263」
Gross profit increased, while the gross profit margin declined from approximately 17.2% in the same period of the previous year to approximately 16.0% in the current period. - FY2026-H1WorsenedAnnual report
「Gross profit margin for the six months ended 30 September decreased by 1.1 percentage points from the previous interim period to 16.1%.」
Gross profit margin decreased 1.1 percentage points from 17.2% in the same period of the previous year to 16.1%. - FY2025-H1WorsenedAnnual report
「Gross profit margin for the six months ended 30 September decreased by 1.0 percentage point from the previous interim period to 17.2%.」
Gross profit margin decreased 1.0 percentage point from 18.2% in the same period of the previous year to 17.2%. - FY2024-Q2Slight gross margin increaseAnnual report
「Gross profit margin for the six months ended 30 September increased by 0.1 percentage point from the same period of the previous year to 18.2%.」
Gross profit margin increased 0.1 percentage point from 18.1% in the same period of the previous year to 18.2%. - FY2024-Q1Gross margin recoveryAnnual report
「Gross profit margin for the three months ended 30 June increased by 2.7 percentage points from the same period of the previous year to 17.7%. In the same period of the previous year, the company shifted its inventory mix from higher-priced to lower-priced vehicles to mitigate the impact of market fluctuations and disposed of slow-moving inventory, whereas in the current period gross profit margin increased due to normal inventory control.」
Gross profit margin increased 2.7 percentage points from 15.0% in the same period of the previous year to 17.7%. The company said it improved from the previous period, when slow-moving inventory was disposed of, through normal inventory control. - FY2023-Q3Higher gross marginAnnual report
「Gross profit margin for the nine months ended 31 December increased by 0.5 percentage points from the same period of the previous year to 19.1%. The main factor was improved per-vehicle profit after reviewing the purchasing mix, which avoided losses from the disposal of slow-moving inventory and inventory write-downs.」
Gross profit margin increased 0.5 percentage points from 18.6% in the same period of the previous year to 19.1%. The company said that reviewing the purchasing mix avoided losses from the disposal of slow-moving inventory and inventory write-downs, improving per-vehicle profit. - FY2023-Q2Slight gross margin declineAnnual report
「Gross profit margin for the six months ended 30 September decreased by 0.3 percentage points from the same period of the previous year to 18.1%. The main factor was a change in the inventory mix to mitigate the impact of market fluctuations, followed by the disposal of slow-moving inventory in the three months ended 30 June.」
Gross profit margin decreased 0.3 percentage points from 18.4% in the same period of the previous year to 18.1%. The company attributed this to the change in the inventory mix and disposal of slow-moving inventory to mitigate the impact of market fluctuations. - FY2023-Q1WorsenedAnnual report
「Gross profit margin for the three months ended 30 June decreased by 4.3 percentage points from the same period of the previous year to 15.0%. The main factor was a shift in the inventory mix from higher-priced to lower-priced vehicles to mitigate the impact of market fluctuations, followed by disposal of slow-moving inventory.」
Gross profit margin decreased 4.3 percentage points from 19.3% in the same period of the previous year to 15.0%. The company attributed this to the shift in the inventory mix from higher-priced to lower-priced vehicles and the disposal of slow-moving inventory. - FY2022Full-year gross margin declineAnnual report
「Gross profit margin for the fiscal year decreased by 1.8 percentage points from the previous fiscal year to 17.7%. The main factors were a 0.9-percentage-point decline resulting from adoption of the accounting standards for revenue recognition and related standards, and an increase in the average selling price.」
Full-year gross profit margin decreased from 19.5% in the previous fiscal year to 17.7%. The company attributed this to adoption of the revenue recognition standard and an increase in the average selling price. - FY2022-Q3Decline in gross marginAnnual report
「Gross profit margin for the nine months ended 31 December decreased by 0.7 percentage points from the same period of the previous year to 18.6%. The main factor was a 0.9-percentage-point decline resulting from adoption of the accounting standards for revenue recognition and related standards, partly offset by a 0.2-percentage-point improvement due to shorter product lead times and other factors.」
Gross profit margin decreased 0.7 percentage points from 19.3% in the same period of the previous year to 18.6%. The decline resulting from adoption of the revenue recognition standard exceeded the improvement from shorter product lead times and other factors. - FY2022-Q2Decline in gross marginAnnual report
「Gross profit margin for the six months ended 30 September decreased by 0.5 percentage points from the same period of the previous year to 18.4%. The main factor was a 0.8-percentage-point decline resulting from adoption of the accounting standards for revenue recognition and related standards, partly offset by a 0.3-percentage-point improvement due to shorter product lead times and other factors.」
Gross profit margin decreased 0.5 percentage points from 18.9% in the same period of the previous year to 18.4%. The decline resulting from adoption of the revenue recognition standard and related standards exceeded the improvement from shorter product lead times and other factors. - FY2022-Q1Slight gross margin decline due to adoption of the revenue recognition standardAnnual report
「Gross profit margin for the three months ended 30 June decreased by 0.1 percentage point from the same period of the previous year to 19.3%. Gross profit margin increased by 0.7 percentage points due to an increase in sales of vehicles purchased or accepted as trade-ins, but decreased by 0.8 percentage points due to the adoption of the accounting standards for revenue recognition and related standards.」
Gross profit margin decreased 0.1 percentage point from 19.4% to 19.3%. The decline resulting from adoption of the revenue recognition standard exceeded the improvement attributable to vehicles purchased or accepted as trade-ins. - FY2021Continued full-year gross margin increaseAnnual report
「Gross profit margin for the fiscal year increased by 1.3 percentage points from the previous fiscal year to 19.5%. During the fiscal year, gross profit margin rose year on year as market demand recovered following the rebound from the impact of COVID-19 and per-vehicle profit improved due to shorter product lead times.」
Gross profit margin increased 1.3 percentage points from 18.2% in the previous fiscal year to 19.5%. The company attributed this to recovering demand and improved per-vehicle profit resulting from shorter product lead times. - FY2021-Q3Continued gross margin improvementAnnual report
「Gross profit margin for the nine months ended 31 December increased by 1.7 percentage points from the same period of the previous year to 19.3%.」
Gross profit margin increased 1.7 percentage points from 17.6% in the same period of the previous year to 19.3%. The company attributed this to recovering demand and improved per-vehicle profit resulting from higher vehicle prices. - FY2021-Q2Continued gross margin improvementAnnual report
「Gross profit margin for the six months ended 30 September increased by 2.9 percentage points from the same period of the previous year to 18.9%.」
Gross profit margin increased 2.9 percentage points from 16.0% in the same period of the previous year to 18.9%. The company attributed this to recovering demand and improved per-vehicle profit resulting from higher vehicle prices. - FY2021-Q1Continued gross margin improvementAnnual report
「Gross profit margin for the three months ended 30 June increased by 3.5 percentage points from the same period of the previous year to 19.4%.」
Gross profit margin increased from 15.9% in the same period of the previous year to 19.4%. The company attributed this to recovering demand and improved per-vehicle profit resulting from higher vehicle prices. - FY2020Full-year gross margin increaseAnnual report
「Gross profit margin for the fiscal year increased by 0.9 percentage points from the previous fiscal year to 18.2%.」
After recovering from the decline through the second quarter, full-year gross profit margin increased from 17.3% to 18.2%. The company attributed this to improved inventory turnover and higher vehicle prices, among other factors. - FY2020-Q3Gross margin recoveryAnnual report
「Gross profit margin for the nine months ended 31 December increased by 0.2 percentage points from the same period of the previous year to 17.6%. In the three months ended 31 December, gross profit margin rose year on year as market demand recovered following the rebound from the impact of COVID-19 and per-vehicle profit improved as vehicle prices increased.」
After declining through the second quarter, cumulative gross profit margin increased 0.2 percentage points to 17.6%. The company attributed this to recovering demand and improved per-vehicle profit resulting from higher vehicle prices. - FY2020-Q2First statedAnnual report
「Gross profit margin for the six months ended 30 September decreased by 1.2 percentage points from the same period of the previous year to 16.0%. The main factors were lower market demand due to the consumption tax increase and the impact of COVID-19, the revaluation of inventory vehicles following the decline in vehicle prices, and losses on slow-moving inventory.」
Gross profit margin fell 1.2 percentage points to 16.0%, with lower demand, inventory revaluations due to falling vehicle prices, and losses on slow-moving inventory cited as the main factors.