4.Car dealership, BtoB and Online Alliance Business
P. 12
5.Forecasts for FY March 2023
P. 14
Initiatives in FY March 2022
P. 20
1.Initiatives in FY March 2022
P. 23
Initiatives in FY March 2023 and Future
P. 27
1.Future Directions
P. 28
2.Future Initiatives
P. 29
3.ESG/SDGs
P. 31
4.Initiatives in FY March 2023
P. 33
TOPICS
P. 34
Other Documents
P. 44
1
Consolidated Results of FY March 2022
and
Forecasts for FY March 2023
Officer
Finance & Accounting / PR & IR
Tomoaki Ikeda
2
Overview of
Business Results
FY March 2022 Consolidated P/L
Net sales and income increased due to strategic sales promotion
for demand in winter items, although sales were affected
by the rapid spread of COVID-19.
The Domestic AUTOBACS Business was affected a rapid spread of COVID-19 in summer. Even so, demand for winter season items such as snow tires and wheels grew due to strategic sales promotion. SG&A increased due to selling expenses, which had been restrained in the previous year due to the Corona disaster, and the two companies that became consolidated Group companies. Consolidated operating income was 11.5 billion yen (+2.0 billion yen from forecast).
FY March 2022
FY March 2021
Forecast
Actual results
Change from
YoY change ratio
Actual results
(Billion Yen)
forecast
Net sales
226.5
228.5
+0.9%
+3.7%
220.4
(233.7)
(+6.0%)
77.1
Gross profit
75.9
+1.6%
+5.3%
73.2
(77.5)
(+5.9%)
Gross profit ratio
33.5%
33.8%
+0.3pt
+0.6pt
33.2%
65.5
SG&A
66.4
- 1.2%
+4.6%
62.7
(66.1)
(+5.4%)
11.5
Operating income
9.5
+21.6%
+9.2%
10.5
(11.4)
(+8.3%)
Operating income ratio
4.2%
5.1%
+0.9pt
+0.3pt
4.8%
11.2
Ordinary income
10.0
+12.5%
+0.2%
11.2
(11.1)
(-0.6%)
Profit attributable to
6.7
7.0
+4.6%
-0.6%
7.0
owners of parent
Amounts are rounded down to the nearest hundred million yen. % of Net Sales and YoY comparisons are calculated in yen.
*The figures in the upper row are based on a simple comparison between the actual results for the current fiscal year and those for the previous fiscal year.
*Figures in the parentheses in the bottom row show those that do not reflect the application of
the Accounting Standard for Revenue Recognition, etc.
3
Overview of
Business Results
Key Points of Consolidated Financial Results
【Domestic】
Sales and number of customers recovered in the second half of the year due to a decrease of COVID infection, despite a decline in customer numbers in the first half of the year due to voluntary curfew due to the rapid spread of the infection.
Strategically acquired demand for winter goods (winter tires, tire chains, etc.) due to cold weather and snowfall.
While car electronics and new car sales were weak as a result of the long-term shortage of semiconductors, used car unit price and vehicles purchase increased.
【Overseas】
Southeast Asia affected by the spread of infection, but France is on the road to recovery.
Sales and income in Australia increased due to favorable development of new wholesale customers, etc.
【Summary】
Despite the impact of the rapid spread of infection, both sales and income increased due to successful strategic capturing of winter demand, as well as efforts to improve profit margins and reduce costs.
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Autobacs Seven Co. Ltd. published this content on 03 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2022 09:01:06 UTC.
Autobacs Seven Co Ltd is a Japan-based company primarily engaged in the retail and wholesale of automobile products, the purchase and sale of vehicles, the provision of vehicle inspection and maintenance services, as well as the loan credit business. The Company operates in four segments. The Domestic Autobacs segment is engaged in the wholesale of car products and the leasing of store facilities. The Overseas segment is engaged in the sales of car accessories, the provision of installation service and the maintenance of cars to general consumers. The Car, Dealers and B-to-B segment is engaged in the sales of imported cars, the purchase of used cars and the sales of the cars to second hand car dealers and others. The Others segment is engaged in the leasing business to domestic franchise chain affiliates.