Worth reading
81Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
17.4
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 2026, full year12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales315,508 million yen+17.4%
Operating profit9,838 million yen+10.5%
Net income¥2,470 million +89.2%profit attributable to owners of the parent
Gross Profit Margin15.4 %
Selling, general and administrative expenses¥39,166 million expenses
Results for the three months of the current quarter
Net Sales
93,549 million yen+42.4%
Gross profit
14,026 million yen+31.0%
Adjusted operating profit
3,125 million yen+61.5%
Full-year earnings forecast
Net Sales
380,000 million yen
Operating profit
11,900 million yen
Income before taxes
5,000 million yen
Profit Attributable to Owners of the Parent
3,200 million yen
EPS
46.75 yen
DPS
18 yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue exceeded the plan, while operating profit, profit before tax and profit attributable to owners of the parent fell short of the planAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The foreign exchange assumptions are generally at the same level as the full-year actual results for the fiscal year ending March 2026. Specific exchange-rate figures are Not disclosedNew initiatives
- Profit recovery following improved market conditions in NZ
- Expansion of used-car exports to Europe and other regions
- Additional profit from expanding inspections
- Expansion of used-car sales and trade-in resales at Autopact
- Cross-selling to customers of Autocare and Autopact
- Beginning to handle new products, including vehicles from Chinese manufacturers, and changing allocations
- Strengthening customer management through the use of IT and data
Key KPIsA metric the company considers important as a management benchmark.
- AU vehicle sales37,563 Units+15.0%
- Export volume to NZ32,143 Units+6.5%
- Export volume to Europe and other markets17,468 Units+47.7%
- Number of inspections outside NZ92,686 Units+130.2%
- NZ used-car export market share39.4 %-0.3%
- Adjusted working capital days31.1 days
- Adjusted net debt-to-equity ratio2.23 times
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The presentation explains higher unit prices and the number of units handled and exported, but the unit price figure is Not disclosedSegment results
- Retail and wholesaleNet Sales220,203 million yen (YoY +14.5%)Operating profit4,608 million yen (YoY -27.3%)
- Exports and importsNet Sales56,409 million yen (YoY +30.6%)Operating profit1,385 million yen (YoY +81.8%)
- LogisticsNet Sales34,156 million yen (YoY +14.3%)Operating profit2,733 million yen (YoY +69.9%)
- ServiceNet Sales4,049 million yen (YoY +1.1%)Operating profit618 million yen (YoY +18.2%)
- InspectionNet Sales5,741 million yen (YoY +12.8%)Operating profit3.1x
Medium-term management plan targets
Operating profitOver ¥15,000 million
Profit Attributable to Owners of the ParentOver ¥6,000 million
ROEMore than 15.0%
Shareholders' equity DOEApproximately 4.5%
Target fiscal yearThree years from the fiscal year ending March 2026 as a general timeframe
Financial targets
ROEOver 15.0% (target)
Adjusted net debt-to-equity ratio2.23x (actual as of 31 March 2026)
Equity ratio19.6% (actual as of 31 March 2026)
Market Size / Share
- NZ used-car export market share39.4 %
- Australian automotive logistics market shareApproximately 20–30
- Number of Australian dealership locationsApproximately 150
Number of stores and locations
End of periodApproximately 150 locations (Australian dealerships)
Number of employees
Number of Employees2,755 People consolidated
Annual Dividend
Annual¥18.00
Interim¥8
End of period¥10
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | 315,508 million yen (YoY +17.4%) |
| Operating profit | 9,838 million yen (YoY +10.5%) |
| Net income | ¥2,470 million (profit attributable to owners of the parent) (YoY +89.2%) |
| Gross Profit Margin | 15.4 % |
| Selling, general and administrative expenses | ¥39,166 million (expenses) |
| Results for the three months of the current quarter | Net Sales 93,549 million yen (YoY +42.4%) / Gross profit 14,026 million yen (YoY +31.0%) / Adjusted operating profit 3,125 million yen (YoY +61.5%) |
| Full-year earnings forecast | Net Sales 380,000 million yen / Operating profit 11,900 million yen / Income before taxes 5,000 million yen / Profit Attributable to Owners of the Parent 3,200 million yen / EPS 46.75 yen / DPS 18 yen |
| Self-assessment against the plan | Revenue exceeded the plan, while operating profit, profit before tax and profit attributable to owners of the parent fell short of the plan |
| Segment results | Segment Retail and wholesale / Net Sales 220,203 million yen (YoY +14.5%) / Operating profit 4,608 million yen (YoY -27.3%), Segment Exports and imports / Net Sales 56,409 million yen (YoY +30.6%) / Operating profit 1,385 million yen (YoY +81.8%), Segment Logistics / Net Sales 34,156 million yen (YoY +14.3%) / Operating profit 2,733 million yen (YoY +69.9%), Segment Service / Net Sales 4,049 million yen (YoY +1.1%) / Operating profit 618 million yen (YoY +18.2%), Segment Inspection / Net Sales 5,741 million yen (YoY +12.8%) / Operating profit 3.1x |
| Key KPIs | 37,563 Units (YoY +15.0%), 32,143 Units (YoY +6.5%), 17,468 Units (YoY +47.7%), 92,686 Units (YoY +130.2%), 39.4 % (YoY -0.3%), 31.1 days, 2.23 times |
| Unit price and quantity metrics | The presentation explains higher unit prices and the number of units handled and exported, but the unit price figure is Not disclosed |
| Number of stores and locations | End of period Approximately 150 locations (Australian dealerships) / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees 2,755 People (consolidated) / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | The foreign exchange assumptions are generally at the same level as the full-year actual results for the fiscal year ending March 2026. Specific exchange-rate figures are Not disclosed |
| Medium-term management plan targets | Operating profit Over ¥15,000 million / Profit Attributable to Owners of the Parent Over ¥6,000 million / ROE More than 15.0% / Shareholders' equity DOE Approximately 4.5% / Target fiscal year Three years from the fiscal year ending March 2026 as a general timeframe |
| Financial targets | ROE Over 15.0% (target) / Adjusted net debt-to-equity ratio 2.23x (actual as of 31 March 2026) / Equity ratio 19.6% (actual as of 31 March 2026) |
| Annual Dividend | Annual ¥18.00 / Interim ¥8 / End of period ¥10 |
| Market Size / Share | 39.4 %, Approximately 20–30, Approximately 150 |
| New initiatives | Profit recovery following improved market conditions in NZ, Expansion of used-car exports to Europe and other regions, Additional profit from expanding inspections, Expansion of used-car sales and trade-in resales at Autopact, Cross-selling to customers of Autocare and Autopact, Beginning to handle new products, including vehicles from Chinese manufacturers, and changing allocations, Strengthening customer management through the use of IT and data |
Items this document does not state (10)
Ordinary incomeOperating profit marginProgress against full-year forecastBreakdown of Factors Affecting the ChangeRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
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.Although the number of units handled was slightly below plan, revenue was supported by higher unit prices and the impact of the weaker yen. Operating profit was affected by the number of units handled in each region and Autopact's gross margin, both of which were slightly below plan. The increase in actual profit was driven by the initial consolidation of Autopact, a recovery in exports to NZ, growth in exports to Europe and other markets, and an expansion of inspections outside NZ.
How to read this page
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