Expansion of wholesale used-vehicle sales and consulting
First written in FY2017-Q1. 4 of 15 entries say "Restated". Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1AchievedAnnual report
「Some product inventory remained as of 31 March 2023, but all of it had been sold and the business discontinued as of 30 June 2023.」
The company sold all remaining product inventory by 30 June 2023 following the resolution to discontinue the automotive business and completed the discontinuation. - FY2023-Q3DroppedAnnual report
「At a meeting of the Board of Directors held on 14 February 2023, the company resolved to discontinue its automotive business.」
The company resolved to discontinue the automotive business, which had expanded dealer-to-dealer used-car trading and consulting, with 31 March 2023 set as the discontinuation date. - FY2022AdvancedAnnual report
「In the current consolidated fiscal year, revenue and profit increased year on year, partly because the number of vehicles sold increased.」
The used-car business achieved higher revenue and profit for the full year as a result of increased unit sales, recording revenue of ¥4,542 million and segment profit of ¥19 million. - FY2021RestatedAnnual report
「Although the used-car trading business has low gross margins because it consists of dealer-to-dealer transactions, the short settlement and collection period from procurement to sale enables a business with high capital turnover.」
The company continues to describe domestic dealer-to-dealer transactions centered on luxury cars as having low gross margins but high capital turnover due to the short collection period. - FY2021-Q2RestatedAnnual report
「In the automotive-related business, we engage in used-car trading with used-car dealers and provide consulting services related to used-car trading.」
The company continues to conduct dealer-to-dealer used-car trading with used-car dealers and provide consulting related to used-car trading. - FY2020ReframedAnnual report
「The used-car trading business is centered on domestic dealer-to-dealer transactions, with luxury cars as its main products. Although gross margins are not high, the short period from procurement to collection of sales proceeds enables a business with high capital turnover.」
The description of used-car trading has shifted from dealer-to-dealer transactions generally to domestic transactions focused on luxury cars as the main products. - FY2019WorsenedAnnual report
「During the fiscal year, segment profit fell below the previous consolidated fiscal year. As a result, segment revenue was ¥3,640 million, up 6.3% from the previous fiscal year, and segment operating profit was ¥12 million, down 62.2% year on year.」
Revenue in the used-car-related business increased 6.3%, while segment profit was ¥12 million, down 62.2% from the previous fiscal year, indicating further deterioration in profit retention. - FY2019-Q3WorsenedAnnual report
「However, revenue during the nine months ended 31 December was slightly below the same quarter of the previous year. As a result, segment revenue was ¥2,641 million, up 2.3% year on year, and segment operating profit was ¥1 million, down 96.9% year on year.」
Segment revenue increased 2.3% year on year, while segment profit fell to ¥1 million, down 96.9% year on year, indicating continued deterioration in profitability under the business model’s low gross margins and high capital turnover. - FY2019-Q2WorsenedAnnual report
「Although gross margins in the used-car trading business are low partly because transactions are conducted between dealers, the business has a high capital turnover ratio because the settlement and collection period from purchase to sale is short. However, revenue during the six months ended 30 September was slightly below the same quarter of the previous year. As a result, segment revenue was ¥1,820 million, down 1.5% year on year, and segment operating profit was ¥0 million, down 99.9% year on year.」
While maintaining the used-car business’s characteristic high capital turnover, revenue declined 1.5% year on year, and segment profit fell 99.9% year on year to ¥0 million. - FY2019-Q1WorsenedAnnual report
「Although gross margins in the used-car trading business are low partly because transactions are conducted between dealers, the business has a high capital turnover ratio because the settlement and collection period from purchase to sale is short. However, revenue during the three months ended 30 June was slightly below the same quarter of the previous year. As a result, segment revenue was ¥934 million, down 3.4% year on year, and the segment recorded an operating loss of ¥0 million, compared with segment operating profit of ¥17 million in the same quarter of the previous year.」
The used-car-related business maintained its characteristic high capital turnover, but revenue fell below the same period of the previous year, and segment profit deteriorated from ¥17 million to a ¥0 million loss. - FY2018SoftenedAnnual report
「Although gross margins in used-car trading are low partly because transactions are conducted between dealers, the settlement and collection period from purchase to sale is short, resulting in a high capital turnover ratio. The business had continued to generate stable and solid sales, but performance fell below the previous fiscal year because transactions with some business partners contracted. Segment revenue was ¥3,423 million, and segment operating profit was ¥33 million.」
The company maintained the business’s characteristics and stability, including its high capital turnover, but performance fell below the previous fiscal year because transactions with some business partners contracted. - FY2017AdvancedAnnual report
「During the fiscal year, in the used-car trading business, the company worked to develop new suppliers and customers and expand transactions with existing business partners. It also launched consulting and other information services based on its expertise in used-car trading. As a result, overall performance remained solid. Segment revenue was ¥3,760 million, and segment operating profit was ¥124 million.」
In addition to developing new suppliers and customers and expanding transactions with existing business partners, the company launched consulting and information services, recording revenue of ¥3,760 million and segment profit of ¥124 million. - FY2017-Q3RestatedAnnual report
「In the automotive-related business, the company continued working to expand dealer-to-dealer used-car trading and provided consulting and other services related to used-car transactions based on the expertise it had developed.」
The company continued providing consulting and information services while expanding dealer-to-dealer used-car trading based on its accumulated expertise. - FY2017-Q2RestatedAnnual report
「In the automotive-related business, the company continued working to expand dealer-to-dealer used-car trading and provided consulting and other services related to used-car transactions based on the expertise it had developed.」
The company continued providing consulting and information services while expanding dealer-to-dealer used-car trading based on its accumulated expertise. - FY2017-Q1First statedAnnual report
「In the automotive-related business, the company continued working to expand dealer-to-dealer used-car trading and provided consulting and other services related to used-car transactions based on the expertise it had developed.」
The company is expanding dealer-to-dealer used-car trading and advancing consulting and information services based on its accumulated expertise.