Results for the Three Months ended June 30, 2022
AUTOBACS SEVEN CO., LTD.
July 29, 2022
Table of Contents
Results of the First Three Months of FY March 31, 2023
1. Overview of Business Results | P.2 | |||
2. | Domestic AUTOBACS Business | P.5 | ||
3. | Overseas Business | P.7 | ||
4. Car dealership ,BtoB and | P.9 | |||
Online Alliance Business | ||||
TOPICS | ||||
5. | TOPICS | P.11 | ||
(Five-Year Rolling Plan,SDGs,etc.) | ||||
6. | Other Documents | P.24 |
1
Overview of
Business Results
1Q FY March 2023 Consolidated P/L
Net sales and income increased,mainly due to the capturing of demand for
maintenance parts for existing owned cars, despite the impact of a surge in raw
material prices and a reduction in new car production
The Domestic AUTOBACS Business performed solidly by capturing demand for maintenance parts for existing owned cars, which had been rising due to a decline in new car production, despite concern over a fall in demand with the implementation of price revisions to some products as a result of a surge in raw material prices. In addition, extraordinary income was posted due to the partial abolition of the retirement benefit plan. Both net sales and income rose on a consolidated basis.
1Q ended June 30, 2022
(Billion Yen) | Actual result | % of Sales | YoY change |
ratio | |||
Net sales | 52.8 | - | +1.1% |
Gross profit | 17.9 | 34.0% | +1.9% |
SG&A | 16.4 | 31.1% | +1.7% |
Operating income | 1.5 | 3.0% | +3.1% |
Non-operating | 0.2 | 0.5% | +34.0% |
Income/expenses | |||
Ordinary income | 1.8 | 3.4% | +6.6% |
Profit attributable to | 1.7 | 3.3% | +62.8% |
owners of parent | |||
1Q ended June 30, 2021
Actual result | YoY change |
ratio* | |
52.2 | +16.1% |
17.6 | +17.2% |
16.1 | +10.5% |
1.5 | +229.7% |
0.1 | -36.3% |
1.7 | +124.8% |
1.0 | +189.6% |
Amounts are rounded down to the nearest hundred million yen. % of Net Sales and YoY comparisons are calculated in yen.
*For the fiscal year ended March 31, 2021, no reclassification has been made in accordance with accounting standards for revenue recognition.
The reference YoY change is a simple comparison of the actual results for the fiscal year ending 2 March 31, 2022 and the actual results for the fiscal year ending March 31, 2021.
Overview of
Business Results
1Q FY March 2023 Consolidated P/L Five Years Transition
Highest consolidated sales and operating income in
the past five years
(Billion Yen)
Sales changes | (Billion Yen) Operating income changes |
54.0 | 1.8 | ||
52.0 | 1.6 | ||
1.4 | |||
50.0 | |||
1.2 | |||
48.0 | 1.0 | ||
46.0 | 52.2 | 52.8 | 0.8 |
50.5 | |||
49.0 | 0.6 | ||
44.0 | |||
0.4 | |||
42.0 | 45.0 | ||
0.2 | |||
0 | 0.0 | ||
1Q FY March 1Q FY March 1Q FY March 1Q FY March 1Q FY March
2019 | 2020 | 2021 | 2022 | 2023 |
1.51 | 1.56 |
1.2 | |
0.4 | |
0.2 |
1Q FY March 1Q FY March 1Q FY March 1Q FY March 1Q FY March
2019 | 2020 | 2021 | 2022 | 2023 |
Amounts are rounded down. | Prior to the fiscal year ended March 31, 2021, no reclassification has been made in | 3 |
accordance with accounting standards for revenue recognition. |
Overview of
Business Results
Segment Information
(Million Yen) | 1Q FY March | 1Q FY March | YoY |
2023 | 2022 | ||
Sales | 40,562 | 39,939 | +1.6% | |
Domestic | Gross profit | 13,788 | 13,512 | +2.0% |
AUTOBACS | ||||
SG&A | 10,001 | 9,754 | +2.5% | |
Business | ||||
Operating income | 3,786 | 3,757 | +0.8% | |
Sales | 3,171 | 2,588 | +22.5% | |
1,316 | ||||
Overseas | Gross profit | 1,200 | +9.7% | |
Business | SG&A | 1,519 | 1,348 | +12.7% |
-202 | ||||
Operating income | -147 | ー | ||
Car Dealer, | Sales | 10,880 | 11,760 | -7.5% |
BtoB and | Gross profit | 2,385 | 2,529 | -5.7% |
Online | ||||
SG&A | 2,476 | 2,574 | -3.8% | |
Alliance | ||||
Business | Operating income | -91 | -45 | ー |
Sales | 1,588 | 1,221 | +30.1% | |
Other | Gross profit | 502 | 421 | +19.2% |
Business | SG&A | 651 | 634 | +2.6% |
-148 | ||||
Operating income | -212 | ー | ||
Reconciling | Operating income | -1,779 | -1,834 | ー |
items | ||||
Summary
Demand for maintenance parts for existing owned cars grew due to the impact of a decline in new car production, more than offsetting the implementation of a price rise to tires in May. Demand for car electronics fell due to the impact of a decrease in the number of new cars produced. Operating income remained at the year-ago level.
Sales increased despite the impact of the Ukraine situation and the COVID-19
pandemic. The gross profit ratio decreased,
reflecting the disposal of the inventory of some products in China.
Operating income remained at the year-ago level due to efforts for efficient operations, despite a decline in sales in the car dealership business due to the impact of a reduction in new car production.
Operating loss decreased, reflecting rises in sales and gross profit due mainly to the
expansion of the lifestyle business.
Amounts are rounded down to the nearest million yen. | 4 |
YoY comparisons are calculated in yen. |
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Autobacs Seven Co. Ltd. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 14:07:05 UTC.