Management Message

Reflecting on the previous fiscal year (ended March 2024), our main business, auto auctions, saw the number of consigned vehicles exceed 3 million, accounting for about 40% of the market. As a result, our consolidated performance improved, with net sales reaching 97.6 billion yen and operating profit amounting to 48.9 billion yen.

For the current fiscal year (ending March 2025), we expect consolidated sales to top 100 billion yen for the first time, hitting 101.9 billion yen, and operating profit to surpass 50 billion yen for the first time, reaching 51.5 billion yen.

Moreover, as a medium- to long-term management goal, we aim to capture a 50% share of the auto auction market. We will thus be increasing the scale of our existing auction sites and upgrading our auction systems. Furthermore, we will be actively developing our used vehicle purchasing/selling business and recycling business, as well as our auto loan business, which we launched last fiscal year.

Regarding shareholder returns, we have formulated a new policy for the next three years (from the fiscal year ending March 2025 to that ending March 2027). In addition to maintaining the previous policy of a consolidated dividend payout ratio of 55% or higher, we will also aim for a total payout ratio of 80% or higher by combining dividends with the purchase of treasury shares.

We sincerely hope we can count on your continued support in the future.

June 2024