Worth reading
52Recurring
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
10.4
% (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales113,854¥ millionYear on year +9.5%Progress 95.0%
Operating profit59,847¥ millionYear on year +10.4%Progress 98.1%
Ordinary income60,590¥ millionYear on year +10.4%Progress 98.0%
Net income attributable to owners of the parent41,360¥ millionYear on year +9.9%Progress 99.4%
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¥88.78
Operating Margin52.6％
Financial position at period-end
Total assets270,130¥ million
of which net assets 210,966 ¥ millionEquity ratio 76.7%vs. prior year-end +0.5pt
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.
Cash inflows and outflows
Operating+43,913
Investment-21,271
Financials-38,428
Net change-15,786
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥88,933 million
Segment revenueAuto Auction ¥89,702 million (YoY +9.6%), Used-Car Purchasing and Sales ¥12,470 million (YoY -1.4%), Recycling ¥10,292 million (YoY +22.4%)
Segment profitAuto Auction ¥58,584 million (YoY +10.0%), Used-Car Purchasing and Sales ¥380 million (YoY +37.7%), Recycling ¥673 million (YoY +24.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥119,800 million (YoY +5.2%)
Operating profit¥61,000 million (YoY +1.9%)
Ordinary income¥61,800 million (YoY +2.0%)
Net income¥41,600 million (YoY +0.6%)
Annual Dividend Forecast¥54.70 (previous fiscal year actual) → ¥55.00 (forecast for the fiscal year ending March 2027)
Payout ratio61.4％
Shareholder Return PolicyConsolidated dividend payout ratio of at least 60% (from the fiscal year ending March 2026), total payout ratio of at least 100% (for the 3-year period from the fiscal year ending March 2026 through the fiscal year ending March 2028)
Factors Behind Changes in Business Performance
Increases in the number of vehicles offered and sold at Auto Auction, the revision to USS JAPAN's successful-bid fees, high auction market prices, an increase in gross profit per vehicle, higher nonferrous metal prices, and an increase in orders for large-scale dismantling work, among other factors.
Disclosure regarding the going concern assumption
Not applicable.
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 consolidationNo significant changes were made to the scope of consolidation during the period. Names of newly consolidated or excluded companies: Not disclosed.
Material subsequent eventsAt a meeting of the Board of Directors held on 12 May 2026, the Company resolved to repurchase treasury shares, up to a maximum of 12,000,000 common shares and a maximum total acquisition cost of ¥18,000 million. The Company also resolved to issue the 24th Series Stock Acquisition Rights through a third-party allotment in connection with a facility-type treasury share repurchase.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥56 million, Gain on sale of investment securities ¥0 million, Subsidy income ¥103 million, Compensation received ¥337 million, Other ¥0 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Loss on Disposal of Fixed Assets ¥238 million, Impairment Losses on Shares of Affiliates ¥0 million, Loss due to fire ¥225 million, Other ¥44 million
Depreciation and amortization¥5,070 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End474,000,000 shares
Treasury Shares at Period-End9,702,502 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥113,854 million (YoY +9.5%) |
| Operating profit | ¥59,847 million (YoY +10.4%) |
| Ordinary income | ¥60,590 million (YoY +10.4%) |
| Profit attributable to owners of the parent | ¥41,360 million (YoY +9.9%) |
| Net income per share | ¥88.78 |
| Operating Margin | 52.6％ |
| Equity ratio | End of the current fiscal period 76.7％ / End of previous period 76.2％ |
| Total assets | ¥270,130 million |
| Net assets | ¥210,966 million |
| Cash flows from operating activities | ¥43,913 million |
| Cash flows from investing activities | ¥-21,271 million |
| Cash flows from financing activities | ¥-38,428 million |
| Cash and cash equivalents at end of period | ¥88,933 million |
| Full-year earnings forecast | Net Sales ¥119,800 million (YoY +5.2%) / Operating profit ¥61,000 million (YoY +1.9%) / Ordinary income ¥61,800 million (YoY +2.0%) / Net income ¥41,600 million (YoY +0.6%) |
| Annual Dividend Forecast | ¥54.70 (previous fiscal year actual) → ¥55.00 (forecast for the fiscal year ending March 2027) |
| Payout ratio | 61.4％ |
| Shareholder Return Policy | Consolidated dividend payout ratio of at least 60% (from the fiscal year ending March 2026), total payout ratio of at least 100% (for the 3-year period from the fiscal year ending March 2026 through the fiscal year ending March 2028) |
| Segment revenue | Auto Auction ¥89,702 million (YoY +9.6%), Used-Car Purchasing and Sales ¥12,470 million (YoY -1.4%), Recycling ¥10,292 million (YoY +22.4%) |
| Segment profit | Auto Auction ¥58,584 million (YoY +10.0%), Used-Car Purchasing and Sales ¥380 million (YoY +37.7%), Recycling ¥673 million (YoY +24.1%) |
| Depreciation and amortization | ¥5,070 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥56 million, Gain on sale of investment securities ¥0 million, Subsidy income ¥103 million, Compensation received ¥337 million, Other ¥0 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Loss on Disposal of Fixed Assets ¥238 million, Impairment Losses on Shares of Affiliates ¥0 million, Loss due to fire ¥225 million, Other ¥44 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | No significant changes were made to the scope of consolidation during the period. Names of newly consolidated or excluded companies: Not disclosed. |
| Material subsequent events | At a meeting of the Board of Directors held on 12 May 2026, the Company resolved to repurchase treasury shares, up to a maximum of 12,000,000 common shares and a maximum total acquisition cost of ¥18,000 million. The Company also resolved to issue the 24th Series Stock Acquisition Rights through a third-party allotment in connection with a facility-type treasury share repurchase. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 474,000,000 shares |
| Treasury Shares at Period-End | 9,702,502 shares |
| Factors Behind Changes in Business Performance | Increases in the number of vehicles offered and sold at Auto Auction, the revision to USS JAPAN's successful-bid fees, high auction market prices, an increase in gross profit per vehicle, higher nonferrous metal prices, and an increase in orders for large-scale dismantling work, among other factors. |
Items this document does not state (4)
Revision to Earnings ForecastRegional salesOrders received and order backlogImpairment 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 Auto Auction segment reported higher revenue and operating income due to increases in the number of vehicles offered and sold, as well as a revision to the successful-bid fees charged by USS JAPAN. In Used Vehicle Purchase and Sales, sales volume declined, among other factors, while gross profit per vehicle increased in Accident-Damaged Vehicles. Recycling was also affected by higher nonferrous metal prices and an increase in orders for large-scale dismantling work.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.