Decline in auto auction prices and export business due to exchange-rate fluctuations
First written in FY2017-Q1. 10 of 21 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-05-13.
No other company in this theme has enough history to compare yet.
- 2026-05-13MaterialisedRevision of earnings forecasts
「Meanwhile, at Carchs, our core business, gross profit from wholesale sales through auto auctions and other channels remained weak, resulting in performance below expectations.」
Weak gross profit from wholesale sales through auto auctions and other channels is identified as a specific reason for missing the full-year forecast. - FY2025-H1Higher procurement costs due to soaring auction market pricesAnnual report
「Although higher auction market prices and other factors have raised procurement costs, the company is actively promoting purchase-and-direct-sales operations, dealing directly with customers in a serious and sincere manner from the customer's perspective under the slogan "Customer First."」
Unlike the impact of previously declining market prices, the company states that during the interim consolidated accounting period under review, soaring auction market prices affected operating performance by raising procurement costs. - FY2023MaterialisedAnnual report
「At its consolidated subsidiary 株式会社カーチス, vehicle purchases progressed generally as planned. However, under its previous business model, auto auctions accounted for a larger share of sales than retail sales to individual customers and sales to dealers. As auto-auction market prices declined from October 2022, earnings power deteriorated, and the company was unable to recover operating performance during the fiscal year ended March 2023.」
The company explicitly identifies the decline in auto-auction market prices as an event that led to weaker earnings power and the failure to recover full-year operating performance. - FY2023-Q3MaterialisedAnnual report
「Against this backdrop, in its existing Automobile Distribution Business, the Group is actively promoting purchase-and-direct-sales operations, in which it deals directly with customers under the slogan "Customer First." However, in the purchase-auction sales business, which has been its business model since its founding, the gross profit margin has declined due to weak auction market conditions.」
The company states that, while promoting purchase-and-direct-sales operations, its gross profit margin in purchase-auction sales declined due to weak market conditions, indicating that the impact of auction market risk on operating performance actually materialized. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing business and other risks, including declining auto-auction market prices and the resulting downturn in the export business due to foreign exchange fluctuations. - FY2021MitigatedAnnual report
「In addition, favorable auction market conditions boosted profit.」
Regarding the weak auction market conditions disclosed through the previous fiscal year, the company explains that market conditions were favorable during the current fiscal year and boosted profit. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing business and other risks, including declining auto-auction market prices and the resulting downturn in the export business due to foreign exchange fluctuations. - FY2021-Q2MitigatedAnnual report
「In addition, as auction market prices continued to soar, the number of wholesale transactions with dealers in the カーチス倶楽部 exceeded the initial forecast.」
Regarding the previously disclosed risk of declining auction market prices, the company states that prices continued to soar during the quarter under review and that the number of wholesale transactions exceeded the initial forecast. - FY2021-Q1MaterialisedAnnual report
「The number of vehicles sold fell below the previous year as a result of holding back on offerings due to declining auction market prices」
The company states that declining auction market prices led to fewer offerings and lower sales volumes and actually affected performance in the quarter under review. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing business and other risks, including declining auto-auction market prices and the resulting downturn in the export business due to foreign exchange fluctuations. - FY2019MaterialisedAnnual report
「Because the number of vehicles sold for export overseas was approximately 70% of the forecast」
The company states that export vehicle sales volumes fell short of expectations and that the shortfall in export business performance affected full-year results. - FY2019-Q3MaterialisedAnnual report
「In auto auctions, the number of vehicles offered fell 3.4% year on year, the number of vehicles sold fell 5.3% year on year, and the average contract price fell 2.0% year on year, while the contract rate rose 1.2% year on year. Source: auction data from 株式会社ユーエスエス.」
The company specifically discloses declines in the number of vehicles offered and sold at auto auctions and in average contract prices. Reduced offerings amid weak market conditions contributed to the shortfall in revenue versus expectations and the operating loss, indicating that the risk actually materialized. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to existing business and other risks, including declining auto-auction market prices and the resulting downturn in the export business due to foreign exchange fluctuations. - FY2018RestatedAnnual report
「When selling vehicles overseas, the Group generally conducts transactions denominated in currencies other than the Japanese yen, primarily U.S. dollars. Accordingly, foreign exchange fluctuations could affect the Group's business and operating performance.」
The company continues to disclose the foreign exchange risk associated with foreign-currency-denominated transactions in its overseas export business. - FY2018-Q3RestatedAnnual report
「During the nine-month cumulative consolidated period under review, there were no new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to existing risks, including declining auto-auction market prices and the resulting downturn in the export business due to foreign exchange fluctuations. - FY2018-Q2MaterialisedAnnual report
「Auto-auction market prices remained sluggish, with the average contract rate for April to September of Heisei 29 declining by 0.3%, the average contract price at 99.3% of the previous year's actual result, and the source being auction data from 株式会社ユー・エス・エス.」
The company provides numerical evidence of weak auto-auction market conditions and identifies them as a factor that led to declines in the number of vehicles sold and purchased, lower revenue and gross profit, and an operating loss. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to the risks disclosed in the previous fiscal year, including declining auto-auction market prices and the resulting downturn in the export business due to foreign exchange fluctuations. - FY2017MaterialisedAnnual report
「While affected by the downturn in the export business resulting from significant foreign exchange fluctuations, the Group's ability to secure earnings from auto-auction sales, its core business, fell significantly short of expectations as auto-auction market prices continued to decline.」
The company states that the downturn in the export business caused by foreign exchange fluctuations and the decline in auto-auction market prices continued throughout the fiscal year, actually resulting in a shortfall in earnings and an operating loss. - FY2017-Q3MaterialisedAnnual report
「Against this backdrop, the Group's revenue and gross profit declined due to the impact of falling auto-auction market prices and a downturn in the export business resulting from foreign exchange fluctuations, and the Group reported an operating loss.」
The company states that the decline in auto-auction market prices and the downturn in the export business caused by foreign exchange fluctuations also actually resulted in lower revenue and gross profit and an operating loss during the cumulative third quarter period. - FY2017-Q2MaterialisedAnnual report
「Against this backdrop, the Group's revenue and gross profit declined due to the impact of falling auto-auction market prices and a downturn in the export business resulting from foreign exchange fluctuations, and the Group reported an operating loss.」
The company states that the decline in auto-auction market prices and the downturn in the export business caused by foreign exchange fluctuations also actually resulted in lower revenue and gross profit and an operating loss during the cumulative second quarter period. - FY2017-Q1First statedAnnual report
「Revenue and gross profit declined due to the impact of falling auto-auction market prices and a downturn in the export business resulting from foreign exchange fluctuations, and the company reported an operating loss.」
The company states that the decline in auto-auction market prices and the downturn in the export business caused by foreign exchange fluctuations actually resulted in lower revenue and gross profit and an operating loss in the first quarter under review.