USS Co., Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2023
February 06, 2024 at 01:40 am EST
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USS Co., Ltd. reported earnings results for the nine months ended December 31, 2023. For the nine months, the company reported sales was JPY 71,514 million. Net income was JPY 24,465 million.
Basic earnings per share from continuing operations was JPY 50.715. Diluted earnings per share from continuing operations was JPY 50.565.
USS Co Ltd is a Japan-based company mainly engaged in the auto auctions business. The Company operates in two business segments. The Auto Auction segment is engaged in the operation of auto auctions with used car dealers as members, the management of motorcycle auctions with used motorcycle dealers as members, the provision of auto auction connection services by satellite TV line and Internet, the provision of used car information services, the land transportation agency of exhibited cars and successful cars of auto auction, as well as the provision of financial services for auto auction members. The Used Automobile Purchase and Sale segment is engaged in the purchase and sale of used cars and accident-affected vehicles. The other business is engaged in the recycling of used vehicles, the provision of agency services for used vehicles, the sale of solar power generation systems and rental cars, as well as production and sale of recycled plastics.