Improving used-car profitability by focusing sales on high-margin vehicle models
First written in FY2023-Q2. 2 of 4 entries say "Reframed", first in FY2023-Q3. Latest entry: FY2024-Q2.
9 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「In the used-car division, exports totaled 2,764 vehicles, or 80.3% of the year-earlier period, and used-car sales overseas also declined. As a result, the Group's total used-car sales fell slightly below the year-earlier period on a unit basis to 21,094 vehicles, or 98.3% of the year-earlier period. Although the Group focused on selling high-margin vehicle models, revenue and profit declined partly because of falling used-car prices.」
The focus on selling high-margin models continued, but revenue and profit declined, partly due to the impact of falling used-car market prices. - FY2024-Q1ReframedAnnual report
「Although the Company focused on selling high-margin models, revenue and profit declined, partly due to the impact of falling used-car market prices.」
The focus on selling high-margin models continued, but due to the impact of falling used-car market prices, results changed from higher revenue and higher profit in the previous fiscal year to lower revenue and lower profit in the first quarter of the current fiscal year. - FY2023-Q3ReframedAnnual report
「Although the Company focused on selling high-margin models, revenue increased while profit decreased.」
The focus on selling high-margin models continued, but results changed from higher revenue and higher profit in the same period of the previous year to higher revenue and lower profit in the nine months ended the third quarter of the current fiscal year. - FY2023-Q2First statedAnnual report
「The Company secured higher revenue and higher profit, partly because it focused on selling high-margin models.」
Although the number of used vehicles sold and exported was below the previous year, the Company disclosed for the first time its focus on selling high-margin models as a means of improving its product mix and stated that it secured higher revenue and higher profit.