Results for the Six Months ended September 30, 2022
AUTOBACS SEVEN CO., LTD.
November 1, 2022
Table of Contents
Results of the 1st Half of FY March 31, 2023 &
Earnings Forecast for 2nd Half and Full Year
１． Overview of Business Results
P.３～
２． Domestic AUTOBACS Business
P.７～
３． Overseas Business
P.９～
４． Car dealership, BtoB and
P.11～
Online Alliance Business
５． Forecast for 2nd Half and Full Year
P.13～
Results of Activities in the 1st Half of FY March 2023
６． Priority Initiatives
P.19～
７． Medium-toLong-term Strategies
P.26
８． Initiatives for ESG・SDGs
P.27～
９． TOPICS
P.29～
10．Other Documents
P.40～
1
Results of the 1st Half of FY March 31, 2023
and
Forecast for 2nd Half and Full Year Earnings
Officer
Finance & Accounting and IR & PR
Tomoaki Ikeda
2
Overview of
Business Results
1st Half of FY March 2023 Consolidated P/L
Net sales and income increased, despite the impact of a reduction in new car production and a surge in the prices of crude oil and raw materials
The Domestic AUTOBACS Business performed solidly by capturing demand for maintenance parts for existing owned cars, which has been rising due to a decline in new car production, although prices of some products were increased partly reflecting a surge in raw material prices. The operating loss recorded by the Overseas Business decreased due to the recovery in retail and the strong results of wholesale. In addition, extraordinary income was posted due to the partial abolition of the retirement benefit plan and compensation for store relocation. Both net sales and income rose on a consolidated basis.
1st Half ending March 31, 2023
Initial Forecast
Actual result
YoY change
Change from
(Billion Yen)
ratio
forecast
Net sales
105.0
107.0
+3.4%
+2.0
Gross profit
35.9
36.2
+4.0%
+0.3
Gross profit ratio
34.2%
33.8%
1st Half
ended
March 31,
2022
103.5
34.8
33.7％
SG&A
33.4
Operating income
2.5
Operating income ratio
2.4%
Ordinary income
2.6
Profit attributable to
2.1
owners of parent
32.7
3.5
3.3%
3.7
3.1
+2.5% -0.6
+20.2% ＋1.0
+20.5% ＋1.1
+66.8% +1.0
31.9
2.9
2.8％
3.0
1.8
Amounts are rounded down.
3
% of Net Sales and YoY comparisons are calculated in yen.
Overview of
Business Results
Highlights of Consolidated Financial Results for 1st Half FY March 2023
Domestic
Business performance remained solid due to the capture of demand for maintenance parts for existing owned cars, which was generated due to a decline in new car production, although prices of some products had to be revised partly reflecting a surge in raw material prices.
Prices of tires were increased in May and September. Although there was concern over a decrease in demand, performance was solid because demand for maintenance parts was captured through sales promotional activities, the enhancement of the product lineup and other efforts.
Sales of car electronics and car interior goods decreased due to a decline in new car production.
Overseas
Retail recovered, mainly in France, despite the impact of inflation and other factors. Wholesale remained solid, mainly in Australia, resulting in a decrease in operating loss.
Summary
✓The Domestic AUTOBACS Business achieved increased net sales and income by capturing demand for maintenance parts. Income increased in other segments as well. As a result, both
net sales and income for the first half rose on a consolidated basis.
4
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Autobacs Seven Co. Ltd. published this content on 07 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2022 09:11:04 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.
AUTOBACS SEVEN CO., LTD. 
