Markets of both new and used passenger vehicles have bottomed out despite the ongoing decline in inventory and soaring prices for used cars
Both credit finance and automobile warranty segments recorded growth in volume that outpaced the market, despite the negative impacts
The strong performance of our three core businesses resulted in higher revenue and profits
Market
◼ Number of new passenger vehicles registered: Q3 YTD : Down 5.5% YoY
Q3 alone : Down 18.5% YoY
Number of used passenger vehicles registered: Q3 YTD : Down 4.8% YoY Q3 alone : Down 8.6% YoY
(Statistical data from the Japan Automobile Dealers Association)
KPIs
Performance
Topics
Total volume of new loans: 3Q YTD: Up 25.4% YoY / 3Q alone: Up 18.2% YoY
Total volume of automobile warranties: Q3 YTD: Up 14.4% YoY / Q3 alone: Up 17.3% YoY
Total volume of products developed in-house (automobile warranties): Q3 YTD: Up 29.6% YoY / Q3 alone: Up 30.7% YoY
Operating income: ¥15,331 million (up 19.9% YoY)
Profit before tax: ¥2,920 million (up 4.3% YoY) (Up 28.1% YoY when excluding one-offfactors)
Future expected earnings (deferred profit): ¥34,391 million stocked on B/S (up 18.8% YoY)
Credit finance business: ¥28,597 million, Automobile warranty business: ¥5,486 million, Other businesses: ¥308 million
Profit before tax revised upward to ¥3,900 million in the full-year earnings forecast and the annual dividend will increase to ¥51
Transition to Prime Market from April 4, 2022
Organizational restructuring and execution of long-term financing for the Group's medium- to long-termgrowth and enhancement of corporate value
4
Consolidated Performance
(Graph/table unit: millions of yen)
Expansion of the three core businesses drove operating income higher by 19.9% YoY to ¥15,331 million
Profit before tax increased 4.3% YoY to ¥2,920 million due to steady growth in operating income and operating expense reduction
Profit before tax of core business excluding one-off factors was up 28.1% YoY
FY21 Q3 YTD
FY22 Q3 YTD
YoY
change
Operating income
12,788
15,331
+19.9%
Other income
653
49
-92.5%
Includes gain on bargain
purchase of ¥594 million
Operating expenses
10,602
12,494
+17.8%
Profit before tax
2,799
2,920
+4.3%
Profit before tax of
2,279
2,920
+28.1%
core business
Profit attributable to
1,835
2,047
+11.5%
owners of parent
Basic earnings
143.86
159.75
+11.1%
per share (yen)
Operating income
Profit before tax excluding
one-off factors
Up 19.9% YoY
Up 28.1% YoY
15,331
2,799
2,920
One off profit,
520
12,788
Gain on
bargain
purchase
2,279
FY21 Q3 YTD
FY22 Q3 YTD
FY21 Q3 YTD
FY22 Q3 YTD
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Premium Group Co. Ltd. published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2022 06:11:01 UTC.
Premium Group Co., Ltd. is a Japan-based company mainly engaged in the credit related business. The Company provides four types of businesses. The auto credit business is engaged in the provision of sale activities specialized for used auto suppliers. The Company sends or receives documents by post when using auto credits, for the purpose of improving business efficiency. The warranty business is engaged in the provision of repair free service when cars break down within the scope of warranty. It also provides prime warranty, car sensors after-sales guarantee and other automotive warranty products. The maintenance business is developed for the purpose of in-housing business of automobile repair work that occurs in the warranty business. The other business is engaged in the operation of finance and warranty business related to automobile sales on abroad.