Financial Highlights
The number of new car registrations, including mini-vehicles, in Japan increased 1.0% to 4,575 thousand in the fiscal year that ended in March 2025. One reason is the end of the suspension of shipments of some models that was caused by an auto testing scandal at Japanese automakers. Activities by automakers to lower the backlog of orders for new cars also contributed to this increase.
Used car registrations increased 0.3% to 6,467 thousand (Source: Japan Automobile Dealers Association and Japan Light Motor Vehicle and Motorcycle Association). Demand for used vehicles, which can be delivered immediately, remained strong during the fiscal year as delays in deliveries of some models of new cars continued.
Exports of used vehicles, according to Trade Statistics of the Ministry of Finance, were down 1.5% to 1,579 thousand primarily because of declines in exports to New Zealand and Russia.
The number of vehicles consigned at used vehicle auctions in Japan decreased 1.9% to 7,623 thousand, the number of vehicles contracted increased 1.3% to 5,301 thousand, and the contract completion ratio increased from 67.3% in the previous fiscal year to 69.5% according to USEDCAR Co., Ltd.
At the USS Group, sales increased 6.6% to 104,021 million yen, operating profit increased 10.8% to 54,206 million yen, ordinary profit increased 10.5% to 54,883 million yen, and profit attributable to owners of parent increased 14.4% to 37,636 million yen.