Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
261
¥ million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings summaryFirst quarter of the fiscal year ending June 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥24,481 million+18.2%
Operating profit¥147 million-63.9%
Ordinary income¥154 million-60.4%
Net income¥51 million-77.9%
Gross Profit Margin14.7 %
Operating profit margin0.6 %
Selling, general and administrative expenses¥3,446 million
Results for the three months of the current quarter
Net Sales
¥24,481 million
Operating profit
¥147 million
Ordinary income
¥154 million
Net income
¥51 million
Full-year earnings forecast
Net Sales
¥116,416 million
Operating profit
¥2,255 million
Ordinary income
¥2,075 million
Profit attributable to owners of the parent
¥1,256 million
Dividend per share
¥53.67
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales21 %
Operating profit6.5 %
Ordinary income7.5 %
Profit attributable to owners of parent for the quarter4.1 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit
Net Sales¥3,776 million
Cost of sales¥-3,241 million
Personnel Expenses¥-313 million
Depreciation and amortization¥-155 million
Other (facility expenses, goodwill amortization, outsourced services, recruitment expenses)¥-326 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Only M&A completed by the end of the previous fiscal year is incorporated into the earnings forecastExpect PMI improvement benefits to exceed the costs of new M&A
Dividend policyDOE4.5%
New initiatives
- Shorten the continuous holding period for shareholder benefits from 1 year or more to 6 months or more
- Opened BYD AUTO Kitakyushu
- Converted Jeep Ota to a SPOTiCAR used-car-only dealership
- Close 3 unprofitable stores and reallocate management resources
Key KPIsA metric the company considers important as a management benchmark.
- Vehicle maintenance revenue3,011,193 Thousand yen+34.5%
- Insurance commission income141,980 Thousand yen+31.2%
- Total number of insurance policies4,631 Deals+21.6%
- New-car sales volume (existing stores)Amount not stated-9.5%
- Used vehicles soldAmount not stated+4.1%
- Used-car export sales volumeAmount not stated-18.3%
- Wholesale sales volume (used-car export-related business)Amount not stated+24.6%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Used Vehicle Sales
Vehicle sales_yoy_pct4.1
Gross profit per vehicle_yoy_pct18.3
New-Car Sales
Existing-store vehicle sales_yoy_pct-9.5
Used-Car Exports
Vehicle sales_yoy_pct-18.3
Wholesale sales
Vehicle sales_yoy_pct24.6
Segment results
Imported vehicle dealership business
Net Sales
¥14,478 million+9.5%
Operating profit
¥531 million-11.8%
Used-vehicle export-related business
Net Sales
¥10,003 million+33.6%
Operating profit
¥14 million-81.5%
Medium-term management plan targets
FY2030 GHG emissions50% reduction from FY2022
FY2030 company-owned low-carbon vehicle ratioAt least 80%
Renewable energy adoption rateIntroduce it at all stores where implementation is possible in FY2025
Financial targets
Appropriate equity ratio20%～40%
Actual equity ratio23.8%
Actual ROE9.9%
Actual ROA3.5%
Market Size / Share
Passenger vehicle market for foreign automakers_1Q+1.1%
Passenger vehicle market for foreign automakers excluding Other_1Q-6.8%
17 brands handled by the Company_1Q-13.7%
Domestic EV share_January–October 20264.3%
Number of stores and locations
Number of Stores at Period-End58 stores
Store openings during the periodOpened BYD AUTO Kitakyushu as a new location
Format conversions during the periodConverted Jeep Ota to SPOTiCAR
Store closures during the period3 stores
Annual Dividend
¥53.67
Payout ratio
38.9 %
DOE4.5
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings summary |
| Fiscal Period Covered | First quarter of the fiscal year ending June 2027 |
| Net Sales | ¥24,481 million (YoY +18.2%) |
| Operating profit | ¥147 million (YoY -63.9%) |
| Ordinary income | ¥154 million (YoY -60.4%) |
| Net income | ¥51 million (YoY -77.9%) |
| Gross Profit Margin | 14.7 % |
| Operating profit margin | 0.6 % |
| Selling, general and administrative expenses | ¥3,446 million |
| Results for the three months of the current quarter | Net Sales ¥24,481 million / Operating profit ¥147 million / Ordinary income ¥154 million / Net income ¥51 million |
| Full-year earnings forecast | Net Sales ¥116,416 million / Operating profit ¥2,255 million / Ordinary income ¥2,075 million / Profit attributable to owners of the parent ¥1,256 million / Dividend per share ¥53.67 |
| Progress against full-year forecast | Net Sales 21 % / Operating profit 6.5 % / Ordinary income 7.5 % / Profit attributable to owners of parent for the quarter 4.1 % |
| Segment results | Imported vehicle dealership business Net Sales ¥14,478 million (YoY +9.5%) / Operating profit ¥531 million (YoY -11.8%) / Used-vehicle export-related business Net Sales ¥10,003 million (YoY +33.6%) / Operating profit ¥14 million (YoY -81.5%) |
| Breakdown of Factors Affecting the Change | Year-on-year operating profit Net Sales ¥3,776 million / Cost of sales ¥-3,241 million / Personnel Expenses ¥-313 million / Depreciation and amortization ¥-155 million / Other (facility expenses, goodwill amortization, outsourced services, recruitment expenses) ¥-326 million |
| Key KPIs | Vehicle maintenance revenue 3,011,193 Thousand yen (YoY +34.5%), Insurance commission income 141,980 Thousand yen (YoY +31.2%), Total number of insurance policies 4,631 Deals (YoY +21.6%), New-car sales volume (existing stores) 非開示 (YoY -9.5%), Used vehicles sold 非開示 (YoY +4.1%), Used-car export sales volume 非開示 (YoY -18.3%), Wholesale sales volume (used-car export-related business) 非開示 (YoY +24.6%) |
| Unit price and quantity metrics | Used Vehicle Sales Vehicle sales_yoy_pct 4.1 / Gross profit per vehicle_yoy_pct 18.3 / New-Car Sales Existing-store vehicle sales_yoy_pct -9.5 / Used-Car Exports Vehicle sales_yoy_pct -18.3 / Wholesale sales Vehicle sales_yoy_pct 24.6 |
| Number of stores and locations | Number of Stores at Period-End 58 stores / Store openings during the period Opened BYD AUTO Kitakyushu as a new location / Format conversions during the period Converted Jeep Ota to SPOTiCAR / Store closures during the period 3 stores |
| Assumptions Underlying the Business Outlook | Only M&A completed by the end of the previous fiscal year is incorporated into the earnings forecast Expect PMI improvement benefits to exceed the costs of new M&A / Dividend policy DOE4.5% |
| Medium-term management plan targets | FY2030 GHG emissions 50% reduction from FY2022 / FY2030 company-owned low-carbon vehicle ratio At least 80% / Renewable energy adoption rate Introduce it at all stores where implementation is possible in FY2025 |
| Financial targets | Appropriate equity ratio 20%～40% / Actual equity ratio 23.8% / Actual ROE 9.9% / Actual ROA 3.5% |
| Annual Dividend | ¥53.67 |
| Payout ratio | 38.9 % |
| Market Size / Share | Passenger vehicle market for foreign automakers_1Q +1.1% / Passenger vehicle market for foreign automakers excluding Other_1Q -6.8% / 17 brands handled by the Company_1Q -13.7% / Domestic EV share_January–October 2026 4.3% |
| New initiatives | Shorten the continuous holding period for shareholder benefits from 1 year or more to 6 months or more, Opened BYD AUTO Kitakyushu, Converted Jeep Ota to a SPOTiCAR used-car-only dealership, Close 3 unprofitable stores and reallocate management resources |
Items this document does not state (7)
Self-assessment against the planNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
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.Sluggish new and used vehicle sales at existing stores, turnaround costs and losses at stores brought into the group through M&A, and higher selling, general and administrative expenses, including personnel costs, depreciation and facility costs, associated with the expansion of the business reduced operating profit. Net profit was also affected by higher interest expense resulting from increased borrowings related to the M&A and rising interest rates.
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.