Results for this period
Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The number of vehicles sold through domestic company-operated retail stores was 163,931, up 10.0% year on year. The primary factors were the operation of large-format stores opened in the previous fiscal year and solid performance at existing large-format stores, including those newly opened during the fiscal year. Gross profit per vehicle sold at retail was maintained at a high level through pricing that did not assume discounts and sales of ancillary retail products. Personnel expenses, land and lease expenses, advertising expenses and outsourcing expenses increased with the expansion of large-format stores.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | 562,774 Millions of yen (YoY +13.3%) |
| Operating profit | 20,209 Millions of yen (YoY +1.6%) |
| Ordinary income | 18,608 Millions of yen (YoY -2.7%) |
| Profit attributable to owners of the parent | 11,914 Millions of yen (YoY -11.4%) |
| Net income per share | ¥118.66 |
| Operating Margin | 3.6% |
| Equity ratio | End of the current fiscal period 33.4% / End of previous period 36.1% |
| Total assets | 263,569 Millions of yen |
| Net assets | 89,668 Millions of yen |
| Cash flows from operating activities | 11,059 Millions of yen |
| Cash flows from investing activities | -11,513 Millions of yen |
| Cash flows from financing activities | 12,495 Millions of yen |
| Cash and cash equivalents at end of period | 27,462 Millions of yen |
| Full-year earnings forecast | Net Sales 629,000 Millions of yen (YoY +11.8%) / Operating profit 24,000 Millions of yen (YoY +18.8%) / Ordinary income 22,400 Millions of yen (YoY +20.1%) / Net income 14,200 Millions of yen (YoY +20.9%) |
| Annual Dividend Forecast | 40.18 yen and sen → 42.43 yen and sen |
| Payout ratio | 30.0% |
| Shareholder Return Policy | The company has adopted a performance-linked dividend policy and, in principle, sets total dividends at an amount calculated as 30% of net income attributable to owners of the parent for the fiscal year. |
| Segment revenue | Japan 553,750 Millions of yen (YoY +12.3%), Other 9,030 Millions of yen (YoY +139.1%) |
| Segment profit | Japan 20,144 Millions of yen (YoY +0.6%), Other 4 Millions of yen |
| Regional sales | 553,750 Millions of yen (YoY +12.3%), 9,030 Millions of yen (YoY +139.1%) |
| Depreciation and amortization | 4,214 Millions of yen |
| Impairment loss | ¥445 million (Japan: ¥382 million; company-wide and eliminations: ¥62 million). No specific details were provided regarding the assets subject to impairment. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 1 Millions of yen, Gain on reversal of subscription rights to shares 19 Millions of yen / Extraordinary loss Loss on Disposal of Fixed Assets 127 Millions of yen, Impairment Losses 445 Millions of yen, Business restructuring loss 438 Millions of yen, Loss on closure of stores 99 Millions of yen, Other 4 Millions of yen |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | No changes involving significant subsidiaries. The number and names of newly included or excluded companies were not disclosed. |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 106,888,000 shares |
| Treasury Shares at Period-End | 6,480,772 shares |
| Factors Behind Changes in Business Performance | The number of vehicles sold through domestic company-operated retail stores was 163,931, up 10.0% year on year. The primary factors were the operation of large-format stores opened in the previous fiscal year and solid performance at existing large-format stores, including those newly opened during the fiscal year. Gross profit per vehicle sold at retail was maintained at a high level through pricing that did not assume discounts and sales of ancillary retail products. Personnel expenses, land and lease expenses, advertising expenses and outsourcing expenses increased with the expansion of large-format stores. |
Items this document does not state (2)
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 number of vehicles sold through domestic company-operated retail stores increased, driven by the opening of large-format stores and solid performance at existing large-format stores. Gross profit per vehicle sold at retail was maintained at a high level through pricing that did not assume discounts and sales of ancillary retail products. Meanwhile, personnel expenses increased due to additional hiring associated with the expansion of large-format stores, as did land and lease expenses and advertising expenses related to store openings, along with outsourcing expenses for training sales personnel.