Worth reading
89Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
271
¥ million (variance from plan in 3Q cumulative sales)Wording
Definitive
How definitive the wording is.Contents of this document
Earnings presentationThird quarter of the fiscal year ending December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,339 million+9.3%
Ordinary income¥2,117 million+16.0%
Net income¥1,332 million+16.4%
Results for the three months of the current quarterAuction listings increased 10.9% year on year. No standalone three-month figures for financial income and expenses are provided.
Full-year earnings forecast
Net Sales
¥6,882 million
Ordinary income
¥2,627 million
Net income
¥1,653 million
Annual Dividend
¥69
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 Sales77.6 %
Ordinary income80.6 %
Net income80.6 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and all profit items are expected to exceed the earnings forecast.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year on year against the same period last yearDecrease in auction agency transactions, increase in AS Onepla transactions, depreciation expense down ¥71.203 million, personnel expenses down ¥26.460 million, taxes and dues down ¥15.438 million
Versus planDecrease in auction agency transactions, increase in AS Onepla transactions. Selling, general and administrative expenses were broadly in line with the plan.
New initiatives
- Expand commercial vehicle offerings through the AS Onepla service
- Add fields such as vehicle body configuration and interior dimensions to the commercial vehicle database
- Expand new financial support services (Lake de Business and Rise APLUSCARD BIZ)
- Expand the use of AI for image recognition and processing and in retail support systems
- Promote BCP and security measures based on the new data center
Key KPIsA metric the company considers important as a management benchmark.
- Number of ASNET members86,435 MembersYear on year against the same period last year+4.2%
- Active members27,137 MembersYear on year against the same period last year+0.8%
- ASNET penetration rate in used-car distribution3.83 %Year on year against the same period last yearUp from 3.71%
- AS Onepla July transaction volume10,183 unitsYear on year against the same period last yearRecord high for a single month
- Auction listings (3Q cumulative)Year on year against the same period last year+4.3%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Auction agency
Revenue per placement
23,546 Yen per vehicle
Transaction volume
102,936 units
AS One-Plaza
Revenue per placement
30,258 Yen per vehicle
Transaction volume
85,889 units
Segment results
ASNET total: 188,825 units (up 3.3% year on year); auction agency: 102,936 units (down 4.8%); AS Onepla service: 85,889 units (up 14.9%). No service-level revenue or profit figures are provided.Financial targets
Equity ratio
61.2 %
ROE
13.2 %
ROA
8.2 %
ROIC
12.3 %
Cost of shareholders’ equity
8 %
WACC
7 %
Market Size / Share
Used-vehicle distribution market6.0–7.0 million vehicles annually
ASNET involvement rate3.83% (nine months ended September 2026)
Commercial vehicle share17.6%
Number of employees
115 people
As ofEnd of December 2025
Annual Dividend
69 yen per share
End of periodAs a rule, a single year-end dividend
Payout ratio
30.3 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending December 2026 |
| Net Sales | ¥5,339 million (YoY +9.3%) |
| Ordinary income | ¥2,117 million (YoY +16.0%) |
| Net income | ¥1,332 million (YoY +16.4%) |
| Results for the three months of the current quarter | Auction listings increased 10.9% year on year. No standalone three-month figures for financial income and expenses are provided. |
| Full-year earnings forecast | Net Sales ¥6,882 million / Ordinary income ¥2,627 million / Net income ¥1,653 million / Annual Dividend ¥69 |
| Progress against full-year forecast | Net Sales 77.6 % / Ordinary income 80.6 % / Net income 80.6 % |
| Self-assessment against the plan | Revenue and all profit items are expected to exceed the earnings forecast. |
| Segment results | ASNET total: 188,825 units (up 3.3% year on year); auction agency: 102,936 units (down 4.8%); AS Onepla service: 85,889 units (up 14.9%). No service-level revenue or profit figures are provided. |
| Breakdown of Factors Affecting the Change | Year on year against the same period last year Decrease in auction agency transactions, increase in AS Onepla transactions, depreciation expense down ¥71.203 million, personnel expenses down ¥26.460 million, taxes and dues down ¥15.438 million / Versus plan Decrease in auction agency transactions, increase in AS Onepla transactions. Selling, general and administrative expenses were broadly in line with the plan. |
| Key KPIs | Number of ASNET members 86,435 Members, Active members 27,137 Members, ASNET penetration rate in used-car distribution 3.83 %, AS Onepla July transaction volume 10,183 units, Indicator name Auction listings (3Q cumulative) / value Not disclosed / Year on year against the same period last year +4.3% |
| Unit price and quantity metrics | Auction agency Revenue per placement 23,546 Yen per vehicle / Transaction volume 102,936 units / AS One-Plaza Revenue per placement 30,258 Yen per vehicle / Transaction volume 85,889 units |
| Number of employees | 115 people |
| Financial targets | Equity ratio 61.2 % / ROE 13.2 % / ROA 8.2 % / ROIC 12.3 % / Cost of shareholders’ equity 8 % / WACC 7 % |
| Annual Dividend | 69 yen per share |
| Payout ratio | 30.3 % |
| Market Size / Share | Used-vehicle distribution market 6.0–7.0 million vehicles annually / ASNET involvement rate 3.83% (nine months ended September 2026) / Commercial vehicle share 17.6% |
| New initiatives | Expand commercial vehicle offerings through the AS Onepla service, Add fields such as vehicle body configuration and interior dimensions to the commercial vehicle database, Expand new financial support services (Lake de Business and Rise APLUSCARD BIZ), Expand the use of AI for image recognition and processing and in retail support systems, Promote BCP and security measures based on the new data center |
Items this document does not state (12)
Operating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition 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.The company cited the expansion of transactions through the AS Onepla service, an increase in transaction volume in the ASNET business, and the success of various sales initiatives as reasons for the improved results. Although the number of auction listings increased, demand for auction agency purchases weakened due to factors including higher prices.
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.