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.