Financial Highlights

In the consolidated fiscal year ended March 31, 2023, the domestic automobile distribution market has not reached the level which existed before the spread of COVID-19. However, due to factors such as the gradual easing of semiconductor shortages, the number of new car registrations (including light automobiles) was 4,385 thousand vehicles (up 4.0% from the previous fiscal year).
The number of used car registrations (including light automobiles) was 6,293 thousand vehicles (down 4.2% from the previous fiscal year) due to a lower supply of used cars from fewer trade-ins caused by a significant decline in new vehicle purchases during the first half of the consolidated fiscal year ended March 31, 2023 (based on surveys by the Japan Automobile Dealers Association and the Japan Mini Vehicle Association).
The number of used car exports increased to 1,290 thousand vehicles (up 5.6% from the previous fiscal year), mainly due to an increase in the number of cars destined for Russia and the United Arab Emirates (based on survey of the Trade Statistics of Japan, Ministry of Finance).
The auto auction market had 7,275 thousand vehicles up for auction (up 5.6% from the previous fiscal year) and complete contracts for 4,821 thousand vehicles (up 2.2% from the previous fiscal year), which equates to a completion rate of 66.3% (against the 68.5% completion rate in the previous fiscal year). (based on survey by USEDCAR Co., Ltd.)
In this economic environment, the operating results for the USS Group in the consolidated fiscal year ended March 31, 2023, saw ¥88.778 billion in net sales (up 9.0% from the previous fiscal year), ¥43.778 billion in operating profit (up 5.3% from the previous fiscal year), ¥44.491 billion in ordinary profit (up 5.0% from the previous fiscal year), and ¥30.008 billion in profit attributable to owners of the parent (up 0.9% from the previous fiscal year).