Revised forecast
Fiscal year ending November 2026 · Full yearPrevious forecast published 13 January 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
The full-year forecast had been left unchanged after taking into account risks associated with developments in the situation in the Middle East. Since then, however, there has been no significant change in the assumed business environment, and auction market conditions have remained firm. The procurement base has stabilised through marketing initiatives, strengthened sales management and improvements to the sales process, while procurement of high-quality vehicles has also progressed. On the sales side, wholesale unit sales have begun to recover, and vehicle selling prices and average gross profit per vehicle are expected to remain at high levels. Retail profitability is also expected to improve through improvements to inventory management and the sales process.
| Item | Details |
|---|---|
| Net Sales | 38,700 million yen → 38,800 million yen（+0.3%） |
| Operating profit | 710 million yen → 860 million yen（+21.1%） |
| Ordinary income | 910 million yen → 1,150 million yen（+26.4%） |
| Profit attributable to owners of the parent | 570 million yen → 750 million yen（+31.6%） |
| Net income per share | 39.92 yen and sen → 52.41 yen and sen |
| Fiscal Period Covered | Fiscal year ending November 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 13 January 2026 |
| Previous-period results | Net Sales ¥38,574 million / Operating profit ¥585 million / Ordinary income ¥829 million / Profit attributable to owners of the parent ¥327 million / Net income per share ¥23.10 |
| Reason for the revision | The full-year forecast had been left unchanged after taking into account risks associated with developments in the situation in the Middle East. Since then, however, there has been no significant change in the assumed business environment, and auction market conditions have remained firm. The procurement base has stabilised through marketing initiatives, strengthened sales management and improvements to the sales process, while procurement of high-quality vehicles has also progressed. On the sales side, wholesale unit sales have begun to recover, and vehicle selling prices and average gross profit per vehicle are expected to remain at high levels. Retail profitability is also expected to improve through improvements to inventory management and the sales process. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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.This reflects expectations for improvements in the procurement base, unit sales, vehicle selling prices, average gross profit per vehicle and retail profitability, driven by marketing initiatives, strengthened sales management, improvements to the sales and distribution processes, and more sophisticated inventory management, in addition to the absence of any significant change in the business environment, including the situation in the Middle East, and the firm auction market.