Risk to automotive-related businesses from declines in used-car selling prices and sales volume
First written in FY2024-Q3. 5 of 7 entries say "Worsened", first in FY2026-H1. Latest entry: FY2026.
T.O. Holdings moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Sales were below the previous fiscal year, largely due to the decline in new and used vehicle unit sales.」
After used-car sales were described as firm in the previous interim period, both new- and used-car unit sales declined in the current fiscal year, and revenue in the automotive-related business fell 8.8% year on year. - FY2026-H1WorsenedAnnual report
「Revenue fell below the year-earlier level as both new- and used-vehicle unit sales declined. As for profit, although the service division, including vehicle inspections and maintenance, worked to reduce expenses, the impact of lower revenue was significant, resulting in profit falling below the year-earlier level.」
After used-car sales were described as firm in the previous interim period, used-car unit sales also declined in the current interim period, and revenue and operating profit in the automotive-related business fell below the year-earlier period. - FY2025-H1MitigatedAnnual report
「Meanwhile, used-car sales continued to perform solidly as customer demand shifted toward used cars, but」
It states that, whereas the previous report described a decline in used-car unit sales and selling prices, used-car sales remained firm in the current interim period as customer demand shifted toward used cars. - FY2024-Q3First statedAnnual report
「Although both the number of used cars sold and their selling prices were below those of the same period of the previous year,」
The year-on-year declines in used-car unit sales and selling prices are specifically reported as part of the operating environment for the automotive-related business.