Measures to improve the performance of the Australian business
First written in FY2019-Q1. 8 of 12 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022AdvancedAnnual report
「Against the backdrop of favorable market conditions in Western Australia driven by higher iron ore prices, new-vehicle sales at Buick Holdings, which is based in Western Australia, increased, while used-car sales, which had been strengthened for some time, remained strong. In addition, the yen weakened against the Australian dollar year on year, and the Australian subsidiary reported higher revenue and higher profit.」
The Australian business reported higher revenue and higher profit, driven by higher new-vehicle sales, strong used-car sales that had been strengthened, and the weaker yen, and reached record annual profit. - FY2022-Q3RestatedAnnual report
「In addition to higher new-vehicle sales at Buick Holdings, which is based in Western Australia, used-car sales, which had been strengthened for some time, remained strong.」
The disclosure continues to cite higher new-vehicle sales and strong used-car sales, which had been strengthened for some time, as factors improving the performance of the Australian business. - FY2022-Q2AdvancedAnnual report
「At the Australian subsidiary, new-vehicle sales increased against the backdrop of favorable market conditions in Western Australia driven by higher iron ore prices. Used-car sales, which had been strengthened for some time in Western Australia, also remained strong. In addition, the yen weakened against the Australian dollar year on year, and the Australian subsidiary reported higher revenue and higher profit.」
The Australian subsidiary reported higher revenue and higher profit, driven by higher new-vehicle sales, strong used-car sales that had been strengthened, and the weaker yen, and the Australian business continued to improve. - FY2022-Q1AdvancedAnnual report
「At the Australian subsidiary, new-vehicle sales increased against the backdrop of favorable market conditions in Western Australia driven by higher iron ore prices. Used-car sales, which had been strengthened for some time in Western Australia, also remained strong. In addition, the yen weakened against the Australian dollar year on year, and the Australian subsidiary reported higher revenue and higher profit.」
The factors cited for improvement in the Australian business were higher new-vehicle sales, strong used-car sales that had been strengthened, and the weaker yen. The Australian segment reported higher revenue and higher profit year on year. - FY2021AdvancedAnnual report
「Despite the impact of COVID-19, the strengthening of the used-car business and improved cost efficiency proved effective. In addition, personnel costs equivalent to government subsidies related to COVID-19 were reclassified and recorded as extraordinary losses related to the pandemic, which contributed to higher profit.」
The strengthening of the used-car business and improved cost efficiency proved effective in the Australian business, which reached annual segment profit of ¥2,999 million, a record high. - FY2020AdvancedAnnual report
「The Western Australian subsidiary improved its performance, mainly through higher unit sales and other factors.」
The Australian business as a whole generated segment profit of ¥76 million for the year, while performance improvement at the Western Australian subsidiary through higher unit sales and other factors continued. - FY2020-Q3RestatedAnnual report
「The Western Australian subsidiary improved its performance, mainly through higher unit sales and other factors.」
The disclosure continues to cite performance improvement at the Western Australian subsidiary through higher unit sales and other factors. - FY2020-Q2AdvancedAnnual report
「The Western Australian subsidiary improved its performance in the second quarter, mainly through higher unit sales and other factors.」
The disclosure states that performance improvement at the Western Australian subsidiary through higher unit sales and other factors continued in the second quarter. - FY2020-Q1Lower profit in part of the Australian business and upfront costs for new businessesAnnual report
「The Western Australian subsidiary reported lower profit. At the holding company, costs for new businesses and other initiatives were incurred upfront.」
In the Australian business, profit declined at the Western Australian subsidiary, while the holding company incurred costs for new businesses and other initiatives upfront. This disclosure indicates lower profit in part of the business and upfront costs, rather than the performance improvement reported through the previous fiscal year. - FY2019-Q3AdvancedAnnual report
「The subsidiary in Western Australia became profitable as sales volumes increased through sales initiatives, although the market environment for new vehicles had not yet fully recovered. Performance improved year on year.」
Even though the new-vehicle market had not fully recovered, the Western Australian subsidiary became profitable through higher unit sales driven by sales initiatives. - FY2019-Q2AdvancedAnnual report
「The Australian business improved its performance, mainly through higher unit sales, although the market environment for new vehicles in Western Australia was bottoming out but had not yet reached a full recovery.」
Although the new-vehicle market had not fully recovered, performance improvement through higher unit sales and other measures continued, and the Australian business moved from an operating loss in the same period of the previous year to an operating profit. - FY2019-Q1First statedAnnual report
「The Australian business improved its performance, mainly through higher unit sales, although the new-vehicle market in Western Australia remained sluggish. The new-vehicle market in Western Australia remained sluggish, but performance improvement measures contributed to results.」
This was the first disclosure that measures to improve the performance of the Australian business, including higher unit sales, had contributed to results. No specific details or numerical targets for the measures were provided.