Decline in sale prices of vehicles at lease expiry
First written in FY2018-Q2. 3 of 6 entries say "Restated". Latest entry: FY2023.
3 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Operating profit was ¥763 million, up 16.1% year on year, due in part to improved selling prices for vehicles reaching the end of their lease terms in the vehicle leasing business.」
Improved selling prices for vehicles at the end of their lease terms continue to be a factor behind higher profit in the automotive services business. - FY2023-Q3RestatedAnnual report
「Operating profit was ¥558 million, up 15.0% year on year, due in part to improved selling prices for vehicles at the end of their lease terms in the vehicle leasing business.」
Improved selling prices for vehicles at the end of their lease terms continue to be reported as a factor behind higher profit in the automotive services business, indicating that the previous risk of lower selling prices has been reduced. - FY2023-Q1MitigatedAnnual report
「Operating profit was ¥151 million, up 37.8% year on year, due in part to improved selling prices for vehicles at lease expiry in the vehicle leasing business.」
The previous decline in selling prices for vehicles at lease expiry has changed this quarter to an improvement in selling prices being reported as a factor behind higher operating profit. - FY2019-Q1DroppedAnnual report
「Operating profit was ¥16 million, down 74.8% year on year, due in part to higher outsourcing costs in the vehicle maintenance business.」
There is no reference to lower selling prices for vehicles at lease expiry. The factor behind lower profit in the automotive services business this quarter is explained as an increase in outsourcing costs. - FY2018-Q3RestatedAnnual report
「Operating profit was ¥268 million, down 35.8% year on year, due in part to fewer vehicles sold at the end of their lease terms and lower selling prices in the vehicle leasing business.」
The decline in selling prices for vehicles at lease expiry continues to be reported, together with a decrease in the number of vehicles sold, as a factor behind lower profit in the automotive services business. - FY2018-Q2First statedAnnual report
「Decline in selling prices for vehicles at lease expiry in the vehicle leasing business」
The decline in selling prices for vehicles at lease expiry is explicitly reported as a factor behind lower operating profit in the automotive services business.