Consolidated Forecast
(Million yen)
FY23 (Actual) |
FY24 initial plan (May 8, 2024) |
FY24 revised plan (Aug. 6, 2024) |
YoY | |
---|---|---|---|---|
Net sales | 97,606 | 101,900 | 102,600 | 105.1% |
Operating profit | 48,937 | 51,500 | 52,500 | 107.3% |
Ordinary profit | 49,654 | 52,200 | 53,200 | 107.1% |
Profit attributable to owners of parent |
32,906 | 35,000 | 36,000 | 109.4% |
Profit per share (Yen) | 68.28 | 72.85 | 74.93 | 109.7% |
Auto Auction Business (excl. JBA) |
FY23 (Actual) |
FY24 initial plan (May 8, 2024) |
FY24 revised plan (Aug. 6, 2024) |
YoY |
---|---|---|---|---|
No. of vehicles consigned (Thousands) |
3,084 | 3,100 | 3,084 | 100.0% |
No. of vehicles contracted (Thousands) |
1,986 | 2,000 | 2,040 | 102.7% |
Contract completion rate | 64.4% | 64.5% | 66.1% | - |
In the first quarter of the current fiscal year, the number of vehicles consigned at auctions decreased primarily because of the safety test scandal at some Japanese automakers. However, there was a big increase in the number of vehicles consigned at auctions as the demand for used vehicles increased due in part to the shortage of new cars. As a result, first quarter sales, operating profit, ordinary profit and profit attributable to owners of parent were higher than the forecast.
USS has revised the first half and fiscal year forecasts to reflect the first quarter results of operations. Sales, operating profit, ordinary profit and profit attributable to owners of parent are all expected to be higher than in the forecasts announced on May 8, 2024.
The business forecasts and other forward-looking statements contained in this material are based on the information currently available to the Company and certain assumptions judged to be reasonable. Such statements are neither promises nor guarantees of future performance. The actual results may differ significantly from these statements for a number of reasons.