Worth reading
49Recurring
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
Financial Results PresentationFiscal year ending March 2026, full year9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales315,508 Millions of yen+17.4%
Operating profit9,838 Millions of yen+10.5%
Net income2,719 Millions of yen+49.9%
Selling, general and administrative expenses-39,166 Millions of yen
Full-year earnings forecast
Net Sales
380,000 Millions of yen
Operating profit
11,900 Millions of yen
Income before taxes
5,000 Millions of yen
Profit Attributable to Owners of the Parent
3,200 Millions of yen
EPS
¥46.75
DPS
¥18
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue exceeded the initial plan by 9.6%, while operating profit fell 3.5% short of plan. Profit before tax and profit attributable to owners of the parent also fell short of plan.Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The exchange-rate assumptions are broadly in line with the actual results for the fiscal year ended March 2026. Other assumptions are not disclosed.New initiatives
- Earnings recovery driven by improved market conditions in New Zealand
- Expansion of used-car exports to Europe and other regions
- Expansion of inspection services
- Beginning to handle new brands, including Chinese manufacturers, and changing allocations
- Expansion of C2C transaction intermediation in New Zealand
Key KPIsA metric the company considers important as a management benchmark.
- Adjusted net debt-to-equity ratio2.23 timesYear on year against the same period last yearImproved from 3.12x
- Equity ratio19.6 %Year on year against the same period last yearImproved from 15.4%
- Adjusted equity ratio24.7 %Year on year against the same period last yearImproved from 18.9%
- EPS¥36.16Year on year against the same period last year+82.3%
- DPS¥18Year on year against the same period last year0.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The number of vehicles handled was slightly below plan in each region, while unit prices increased. Figures are not disclosed.Medium-term management plan targets
Operating profit
15,000 Millions of yen
Profit Attributable to Owners of the Parent
6,000 Millions of yen
ROE
15 %
DOE
4.5 %
Target fiscal yearApproximately three years from the fiscal year ended March 2026
Financial targets
ROE15.0% or higher
DOEApproximately 4.5%
Adjusted net debt-to-equity ratio
Actual results2.23 times
Equity ratio
Actual results19.6 %
Adjusted equity ratio
Actual results24.7 %
Number of employees
Number of Employees2,755 People
Number of consolidated subsidiaries62 People
End of period31 March 2026
Annual Dividend
¥18
Interim8
End of period10
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | 315,508 Millions of yen (YoY +17.4%) |
| Operating profit | 9,838 Millions of yen (YoY +10.5%) |
| Net income | 2,719 Millions of yen (YoY +49.9%) |
| Selling, general and administrative expenses | -39,166 Millions of yen |
| Full-year earnings forecast | Net Sales 380,000 Millions of yen / Operating profit 11,900 Millions of yen / Income before taxes 5,000 Millions of yen / Profit Attributable to Owners of the Parent 3,200 Millions of yen / EPS ¥46.75 / DPS ¥18 |
| Self-assessment against the plan | Revenue exceeded the initial plan by 9.6%, while operating profit fell 3.5% short of plan. Profit before tax and profit attributable to owners of the parent also fell short of plan. |
| Key KPIs | Indicator name Adjusted net debt-to-equity ratio / Value 2.23 times / Year on year against the same period last year Improved from 3.12x, Indicator name Equity ratio / Value 19.6 % / Year on year against the same period last year Improved from 15.4%, Indicator name Adjusted equity ratio / Value 24.7 % / Year on year against the same period last year Improved from 18.9%, Indicator name EPS / Value ¥36.16 / Year on year against the same period last year ¥82.3, Indicator name DPS / Value ¥18 / Year on year against the same period last year ¥0 |
| Unit price and quantity metrics | The number of vehicles handled was slightly below plan in each region, while unit prices increased. Figures are not disclosed. |
| Number of employees | Number of Employees 2,755 People / Number of consolidated subsidiaries 62 People / End of period 31 March 2026 |
| Assumptions Underlying the Business Outlook | The exchange-rate assumptions are broadly in line with the actual results for the fiscal year ended March 2026. Other assumptions are not disclosed. |
| Medium-term management plan targets | Operating profit 15,000 Millions of yen / Profit Attributable to Owners of the Parent 6,000 Millions of yen / ROE 15 % / DOE 4.5 % / Target fiscal year Approximately three years from the fiscal year ended March 2026 |
| Financial targets | ROE 15.0% or higher / DOE Approximately 4.5% / Adjusted net debt-to-equity ratio Actual results 2.23 times / Equity ratio Actual results 19.6 % / Adjusted equity ratio Actual results 24.7 % |
| Annual Dividend | ¥18 |
| New initiatives | Earnings recovery driven by improved market conditions in New Zealand, Expansion of used-car exports to Europe and other regions, Expansion of inspection services, Beginning to handle new brands, including Chinese manufacturers, and changing allocations, Expansion of C2C transaction intermediation in New Zealand |
Items this document does not state (15)
Ordinary incomeGross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastSegment resultsBreakdown of Factors Affecting the ChangeNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.Revenue for the fiscal year ended March 2026 exceeded the plan despite the number of vehicles handled in each region being slightly below target, owing to higher unit prices and the positive effect of yen depreciation versus the plan. Operating profit was affected by the number of vehicles handled in each region and Autopact's gross margin falling short of plan, as well as hail damage and supply constraints from Australian automakers. For the fiscal year ending March 2027, improved market conditions in New Zealand, expanded used-car exports to Europe and other regions, and expanded inspections are expected to drive profit growth, while the Australian business is forecast conservatively.
How to read this page
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