Narrowing retail margins in the car life business
First written in FY2022-Q2. 5 of 9 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1MaterialisedAnnual report
「Interim net income attributable to owners of the parent was ¥1,587 million, a decrease of 29.8% year on year. This was primarily due to declines in the number of new and used vehicles sold and gross profit per vehicle in the automobile dealership business, as well as narrower margins in the oil sales business resulting from deteriorating market conditions.」
In the Car Life business, declines in vehicle sales and gross profit per vehicle, together with narrower margins in oil sales resulting from deteriorating market conditions, became factors behind the decline in interim net income. - FY2024MitigatedAnnual report
「Profit from operating activities was ¥12,508 million, an increase of 39.4% year on year, and net income attributable to owners of the parent was ¥6,473 million, an increase of 44.2% year on year. This was primarily due to strong sales of new vehicles in the automobile dealership business and gains on the sale of former CS business sites, which had an impact of ¥1,534 million on profit from operating activities.」
Despite challenges in the earnings environment for the CS business, strong new-vehicle sales and gains on the sale of former CS business sites resulted in higher profit in the Car Life business. - FY2024-Q1MitigatedAnnual report
「This was primarily because robust sales of new vehicles in the automobile dealership business offset narrower margins in the CS retail business.」
Although narrower margins in the CS retail business continued, strong new-vehicle sales offset the impact, resulting in higher profit in the Car Life business. - FY2023MitigatedAnnual report
「This was primarily due to firm performance in the CS retail business and the contribution from improved gross profit per vehicle in the automobile dealership business.」
The company explained that margins in the CS retail business, which had narrowed in the previous fiscal year, remained firm in the current fiscal year and became a factor behind higher profit in the Car Life business. - FY2023-Q2MitigatedAnnual report
「Profit from operating activities was ¥4,381 million, an increase of 37.8% year on year, and net income attributable to owners of the parent was ¥2,358 million, an increase of 50.1% year on year. This was primarily due to firm performance in the CS retail business and the contribution from improved per-vehicle profitability in the automobile dealership business.」
Regarding retail margins in the CS business, which had narrowed in the previous fiscal year, the CS retail business performed firmly during the quarter, and profit from operating activities in the Car Life business increased 37.8% year on year. - FY2023-Q1MitigatedAnnual report
「Profit from operating activities was ¥1,770 million, an increase of 17.5% year on year, and net income attributable to owners of the parent was ¥1,036 million, an increase of 41.7% year on year. This was primarily due to firm retail margins in the CS business.」
Retail margins in the CS business, which had narrowed in the previous fiscal year, remained firm in the first quarter and became a factor behind higher profit in the Car Life business. - FY2022MaterialisedAnnual report
「Profit from operating activities was ¥7,657 million, an increase of 0.7% year on year, while net income attributable to owners of the parent was ¥3,971 million, a decrease of 2.0% year on year. This was primarily due to narrower retail margins in the CS business, despite the contribution from improved per-vehicle profitability in the automobile dealership business.」
While profitability in the automobile dealership business improved, narrower retail margins in the CS business were a factor behind the decline in full-year net income attributable to owners of the parent. - FY2022-Q3MaterialisedAnnual report
「This was primarily due to narrower retail margins in the CS business, despite a recovery in the automobile dealership business.」
While the automobile dealership business recovered, narrower retail margins in the CS business continued to weigh on profit from operating activities and net income in the Car Life business. - FY2022-Q2First statedAnnual report
「This was primarily due to narrower retail margins in the CS business, despite a recovery in the automobile dealership business.」
In the Car Life business, the recovery in the automobile dealership business was offset by narrower retail margins in the CS business, which was cited as a factor behind declines in profit from operating activities and net income attributable to owners of the parent.