Dependence on the direct-purchase, direct-sales model and used-car sales revenue
First written in FY2016. 17 of 19 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group's primary business model is based on purchasing used vehicles directly from individual customers and selling them directly at its large showrooms and other facilities. Because sales revenue from used vehicles purchased by the Group accounts for most of its total revenue, a sharp contraction in the used-car market could affect the Group's operating performance.」
The company continues to identify its dependence on purchase-and-direct-sales operations and used-car sales revenue as a business risk. - FY2023MaterialisedAnnual report
「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 its operating performance during the fiscal year ended March 2023.」
The company states that its dependence on auto auctions within the purchase-and-direct-sales revenue structure actually materialized as weaker earnings power following the decline in market prices from October 2022 and the failure to recover operating performance. - 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 dependence on the purchase-and-direct-sales model and used-car sales revenue. - FY2021RestatedAnnual report
「The Group's primary business model is based on purchasing used vehicles directly from individual customers and selling them directly at its large showrooms and other facilities. Because sales revenue from used vehicles purchased by the Group accounts for most of its total revenue, a sharp contraction in the used-car market could affect the Group's operating performance.」
The company continues to disclose dependence on the purchase-and-direct-sales model and used-car sales revenue as business risks. - 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 dependence on the purchase-and-direct-sales model and used-car sales revenue. - FY2021-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 dependence on the purchase-and-direct-sales model and used-car sales revenue. - FY2020-Q1RestatedAnnual report
「Against this backdrop, for its domestic business, the Group has reorganized its operations into a regional group sales structure centered on large dealerships, with nearby purchase outlets supplying high-quality vehicles and reducing logistics costs, in order to expand purchase-and-direct-sales operations, and is accelerating improvements in productivity and efficiency.」
The company continues its policy of expanding purchase-and-direct-sales as the central sales model for its domestic business. - FY2019RestatedAnnual report
「The Group's primary business model is based on purchasing used vehicles directly from individual customers and selling them directly at its large showrooms and other facilities. Because sales revenue from used vehicles purchased by the Group accounts for most of its total revenue, a sharp contraction in the used-car market could affect the Group's operating performance.」
The company continues to disclose its dependence on the purchase-and-direct-sales model and used-car sales revenue. - FY2019-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 dependence on the purchase-and-direct-sales model and used-car sales revenue. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second 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 dependence on the purchase-and-direct-sales model and used-car sales revenue. - FY2019-Q1RestatedAnnual report
「As a result of advancing purchase-and-direct-sales initiatives for retail sales」
The company states that it is advancing purchase-and-direct-sales as its central sales initiative for retail operations, reaffirming its existing business structure, including dependence on the purchase-and-direct-sales model. - FY2018RestatedAnnual report
「The Group's primary business model is based on purchasing used vehicles directly from individual customers and selling them directly at its large showrooms and other facilities. Because sales revenue from used vehicles purchased by the Group accounts for most of its total revenue, a sharp contraction in the used-car market could affect the Group's operating performance.」
The company continues to disclose its dependence on the purchase-and-direct-sales model and used-car sales revenue, as well as the potential impact on operating performance if the used-car market contracts. - 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 dependence on the purchase-and-direct-sales model and used-car sales revenue. - FY2018-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 the risks disclosed in the previous fiscal year, including dependence on the purchase-and-direct-sales model and used-car sales revenue. - 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 dependence on the purchase-and-direct-sales model and used-car sales revenue. - FY2017RestatedAnnual report
「The Group's business model is based on purchasing used vehicles directly from individual customers and selling them directly at its large showrooms. Because sales revenue from used vehicles purchased by the Group accounts for most of its total revenue, a sharp contraction in the used-car market could affect the Group's operating performance.」
The company continues to identify dependence on the purchase-and-direct-sales model and used-car sales revenue as risks to operating performance. - FY2017-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 the risks disclosed in the previous fiscal year, including dependence on the purchase-and-direct-sales model and used-car sales revenue. - FY2017-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 the risks disclosed in the previous fiscal year, including dependence on the purchase-and-direct-sales model and used-car sales revenue. - FY2016First statedAnnual report
「The Group's business model is based on purchasing used vehicles directly from individual customers and selling them directly at its large showrooms. Because sales revenue from used vehicles purchased by the Group accounts for most of its total revenue, a sharp contraction in the used-car market could affect the Group's operating performance.」
The company describes its specific purchase-and-direct-sales business model and dependence on sales revenue as risks to operating performance.