Increases in electricity costs, vehicle trading fees, and POS system replacement costs
First written in FY2024-Q1. 4 of 8 entries say "Worsened", first in FY2024-Q2. Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「Profit declined from the same period of the previous year due to lower gross profit resulting from fluctuations in used-vehicle market prices and the disposal of idle product inventory, as well as higher expenses associated with improving employee compensation and higher royalty payments linked to sales.」
In the automotive supplies business, in addition to commissions, POS-related expenses and other costs incurred through the previous year, fluctuations in used-car market prices, the disposal of non-performing inventory, expenses associated with improving employee compensation and higher royalties paid emerged as full-year factors driving the decline in profit. - 2026-05-08WorsenedEarnings
「Profit declined from the same period of the previous year due to lower gross profit resulting from fluctuations in used-vehicle market prices and the disposal of idle product inventory, as well as higher expenses associated with improving employee compensation and higher royalty payments linked to sales.」
In the automotive products business, the full-year decline in profit was attributable to the cost of improving employee compensation and higher royalty payments, in addition to lower gross profit resulting from fluctuations in used-vehicle market prices and the disposal of idle product inventory. - FY2026-H1WorsenedAnnual report
「Profit declined from the same period of the previous year due to lower gross profit resulting from fluctuations in used-vehicle market prices and the disposal of idle product inventory, as well as higher expenses associated with improving employee compensation and higher royalty payments linked to sales.」
In the automotive supplies business, in addition to the factors behind the increase in expenses through the previous year, fluctuations in used-car market prices, the disposal of non-performing product inventory, expenses associated with improving employee compensation and higher royalties paid emerged as factors driving the decline in profit. - FY2025MitigatedAnnual report
「Profit increased year on year due to an improvement in the gross profit margin on vehicle sales, the remeasurement of retirement benefit expenses and lower utility costs associated with the conversion of store lighting to LEDs.」
The decline in profit caused by higher electricity costs, fees and POS system replacement costs through the previous fiscal year gave way to profit growth due to an improved gross profit margin, the remeasurement of retirement benefit expenses and lower utility costs from the conversion to LED lighting. - FY2024MitigatedAnnual report
「Profit increased year on year due to an improvement in the gross profit margin on vehicle sales, the remeasurement of retirement benefit expenses and lower utility costs associated with the conversion of store lighting to LEDs.」
The automotive supplies business, which had been affected by higher costs through the previous fiscal year, returned to profit growth due to an improved gross profit margin on vehicle sales, the remeasurement of retirement benefit expenses and lower utility costs from the conversion to LED lighting. - FY2024-Q3ReframedAnnual report
「Profit also declined year on year due to higher fees associated with the increase in cashless payments and vehicle transactions, as well as expenses related to replacing store POS systems. ① Automotive supplies business Revenue was ¥22,543 million, down 0.9% year on year, while segment profit was ¥952 million, down 7.1%.」
Higher fees associated with cashless payments and vehicle transactions, as well as expenses related to replacing POS systems, continued to weigh on earnings, and profit declined in the automotive supplies business. Segment profit fell 7.1% year on year. - FY2024-Q2WorsenedAnnual report
「Profit declined year on year due to higher fees associated with the increase in cashless payments and vehicle transactions, as well as expenses related to replacing store POS systems. Revenue was ¥13,867 million, up 1.7% year on year, while segment profit was ¥191 million, down 9.1%.」
In the automotive supplies business, revenue rose 1.7% year on year, while segment profit fell 9.1% due to higher fees associated with cashless payments and vehicle transactions, as well as expenses related to replacing POS systems. - FY2024-Q1First statedAnnual report
「Profit declined year on year due to higher electricity costs, vehicle transaction fees and expenses related to replacing store POS systems. Revenue was ¥6,988 million, up 2.3% year on year, while segment profit was ¥60 million, down 35.6%.」
In the automotive supplies business, revenue rose 2.3% year on year, while segment profit fell 35.6% due to higher electricity costs, vehicle transaction fees and expenses related to replacing store POS systems.