Worth reading
81Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
78.3
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending March 202715 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales106,641 million yen+54.3%
Operating profit3,528 million yen+78.3%
Ordinary income1,369 million yen+89.5%
Net income924 million yen+152.5%
Selling, general and administrative expenses11,889 million yen
Operating profit margin
Rate (%)3.3
Results for the three months of the current quarterRevenue of ¥106,641 million, gross profit of ¥15,426 million, operating profit of ¥3,528 million, profit before tax of ¥1,369 million, and profit attributable to owners of the parent of ¥924 million. All figures are for the three months from April to June 2026.
Full-year earnings forecast
Net Sales
380,000 million yen
Gross profit
54,800 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
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales28.1%
Operating profit29.6%
Income before taxes27.4%
Profit Attributable to Owners of the Parent28.9%
AU vehicle sales25.6%
AU vehicles transported29.2%
NZ vehicles exported27.9%
Vehicles exported to Europe and other regions30.3%
Gross profit28.1%
EPS28.9%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Tracking above the 25% benchmarkBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Recovery in exports to New Zealand and progress in vehicle shipments, growth in exports and inspections for Europe and other regions, monetization of inventory not yet shipped, improvement in related logistics and inspection businesses, yen depreciation, and year-end demand in Australia. Amounts by factor: not disclosed.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
AUD/JPY
Full-year plan105 yen
Q1 actual113.12 yen
NZD/JPY
Full-year plan90 yen
Q1 actual93.11 yen
New initiatives
Growth initiatives presented include used vehicle sales and trade-in resales in Australia, ancillary services, customer cross-selling, handling vehicles made by Chinese manufacturers, expanding exports beyond New Zealand, C2C transaction intermediation, and M&A roll-ups. However, the medium-term management policy is unchanged from the disclosure dated 15 May 2025.Key KPIsA metric the company considers important as a management benchmark.
- AU vehicle sales (Autopact)10,703 Units+20.6%
- AU vehicles transported (Autocare)160,581 Units-15.4%
- NZ vehicles exported11,513 Units+35.5%
- Vehicles exported to Europe and other regions8,784 Units+185.2%
- NZ used vehicles imported28,950 Units+33.3%
- AU new vehicle sales340,994 Units+7.1%
- Inventory not yet shipped (Nichimaibutsu)8,683 Units
- NZ inspections (JEVIC)15,115 Units
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Volume indicators such as exported vehicles, vehicles sold, vehicles transported, and vehicles inspected are provided, but a breakdown combining these with revenue per customer, average selling price, or price per vehicle is not disclosed.Segment results
Graphs of revenue and operating profit are provided for the retail and wholesale, import and export, logistics, services, and inspection segments. However, the figures for all segments cannot be read from the provided text.Medium-term management plan targets
Operating profit
15,000 million yen
Profit Attributable to Owners of the Parent
6,000 million yen
ROE
15 %
Shareholders' equity DOE
4.5 Indicative %
Target timingThree years from the fiscal year ending March 2026 as a general timeframe
Financial targets
ROE15.0%
Shareholders' equity DOEApproximately 4.5%
Actual adjusted net debt-to-equity ratio2.23x
Market Size / Share
NZ used vehicle import share39.4%
Australian automotive logistics market shareApproximately 20–30%
NZ online used vehicle salesNo. 2
StandardPrimarily based on results for the fiscal year ended March 2026
Number of stores and locations
The number of dealer locations in Australia is approximately 150. The number of openings and closures during the period is not disclosed.Number of employees
Consolidated2,794 people
Standalone32 people
Record date30 June 2026
Annual Dividend
Annual18 yen
Payout ratio
Not disclosed. Shareholder equity DOE is approximately 4.5%.Gross profit
15,426 million yen+50.4%
Rate (%)14.5
Year-on-year change (points)-0.3
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 106,641 million yen (YoY +54.3%) |
| Operating profit | 3,528 million yen (YoY +78.3%) |
| Ordinary income | 1,369 million yen (YoY +89.5%) |
| Net income | 924 million yen (YoY +152.5%) |
| Gross profit | 15,426 million yen (YoY +50.4%) |
| Operating profit margin | Rate (%) 3.3 / Year-on-year change (points) Not disclosed |
| Selling, general and administrative expenses | 11,889 million yen |
| Results for the three months of the current quarter | Revenue of ¥106,641 million, gross profit of ¥15,426 million, operating profit of ¥3,528 million, profit before tax of ¥1,369 million, and profit attributable to owners of the parent of ¥924 million. All figures are for the three months from April to June 2026. |
| Full-year earnings forecast | Net Sales 380,000 million yen / Gross profit 54,800 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 |
| Progress against full-year forecast | Net Sales 28.1% / Operating profit 29.6% / Income before taxes 27.4% / Profit Attributable to Owners of the Parent 28.9% / AU vehicle sales 25.6% / AU vehicles transported 29.2% / NZ vehicles exported 27.9% / Vehicles exported to Europe and other regions 30.3% / Gross profit 28.1% / EPS 28.9% |
| Self-assessment against the plan | Tracking above the 25% benchmark |
| Segment results | Graphs of revenue and operating profit are provided for the retail and wholesale, import and export, logistics, services, and inspection segments. However, the figures for all segments cannot be read from the provided text. |
| Breakdown of Factors Affecting the Change | Recovery in exports to New Zealand and progress in vehicle shipments, growth in exports and inspections for Europe and other regions, monetization of inventory not yet shipped, improvement in related logistics and inspection businesses, yen depreciation, and year-end demand in Australia. Amounts by factor: not disclosed. |
| Key KPIs | AU vehicle sales (Autopact) 10,703 Units (YoY +20.6%), AU vehicles transported (Autocare) 160,581 Units (YoY -15.4%), NZ vehicles exported 11,513 Units (YoY +35.5%), Vehicles exported to Europe and other regions 8,784 Units (YoY +185.2%), NZ used vehicles imported 28,950 Units (YoY +33.3%), AU new vehicle sales 340,994 Units (YoY +7.1%), Inventory not yet shipped (Nichimaibutsu) 8,683 Units, NZ inspections (JEVIC) 15,115 Units |
| Unit price and quantity metrics | Volume indicators such as exported vehicles, vehicles sold, vehicles transported, and vehicles inspected are provided, but a breakdown combining these with revenue per customer, average selling price, or price per vehicle is not disclosed. |
| Number of stores and locations | The number of dealer locations in Australia is approximately 150. The number of openings and closures during the period is not disclosed. |
| Number of employees | Consolidated 2,794 people / Standalone 32 people / Record date 30 June 2026 / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | AUD/JPY Full-year plan 105 yen / Q1 actual 113.12 yen / NZD/JPY Full-year plan 90 yen / Q1 actual 93.11 yen |
| Medium-term management plan targets | Operating profit 15,000 million yen / Profit Attributable to Owners of the Parent 6,000 million yen / ROE 15 % / Shareholders' equity DOE 4.5 Indicative % / Target timing Three years from the fiscal year ending March 2026 as a general timeframe / Comparison with actual results Not disclosed |
| Financial targets | ROE 15.0% / Shareholders' equity DOE Approximately 4.5% / Actual adjusted net debt-to-equity ratio 2.23x |
| Annual Dividend | Annual 18 yen / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | Not disclosed. Shareholder equity DOE is approximately 4.5%. |
| Market Size / Share | NZ used vehicle import share 39.4% / Australian automotive logistics market share Approximately 20–30% / NZ online used vehicle sales No. 2 / Standard Primarily based on results for the fiscal year ended March 2026 |
| New initiatives | Growth initiatives presented include used vehicle sales and trade-in resales in Australia, ancillary services, customer cross-selling, handling vehicles made by Chinese manufacturers, expanding exports beyond New Zealand, C2C transaction intermediation, and M&A roll-ups. However, the medium-term management policy is unchanged from the disclosure dated 15 May 2025. |
Items this document does not state (5)
Risk amount incorporated into the outlookAcquisition 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.Performance benefited from the recovery in exports to New Zealand, progress in vehicle shipments, growth in exports and inspections for Europe and other regions, the monetization of inventory not yet shipped, improved profitability in related logistics and inspection businesses, yen depreciation, and year-end demand in Australia. Meanwhile, the company said that market conditions in Australia were unfavorable and that it was not optimistic about the market outlook because of interest-rate hikes prompted by a renewed rise in inflation.
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