AUTOBACS SEVEN CO., LTD. Results for the Nine Months Ended December 31, 2022
AUTOBACS SEVEN CO., LTD.
January 31, 2023
Note: AUTOBACS SEVEN doesn't hold an analyst meeting for third quarter results.
This document is provided for reference only to help you understand the company's financial results.
目次
Results for the Nine Months Ended December 31, 2022
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
6．Other Documents | P.26～ |
1
Overview of
Business Results
3Q 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 winter season items due to cold wave and snowfalls, as well as demand for maintenance parts for existing owned cars, although prices of some products were increased partly reflecting a surge in raw material prices. The Car Dealership, BtoB and Online Alliance Business returned to profitability due to efforts for efficient operations in the Car Dealership Business and steady performance of wholesale in the BtoB Business. 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.
（Billion Yen）
Net sales
Gross profit
SG&A
Operating income
Non-operating income/expenses
Ordinary income
Profit attributable to owners of parent
FY March 2023 | FY March 2022 | ||||
1Q-3Q | 1Q-3Q | ||||
Actual result | % of Net sales | YoY change | Actual results | YoY change* | |
178.1 | +3.6% | 171.9 | +0.3% | ||
59.8 | 33.6% | +4.3% | 57.3 | +2.2% | |
50.0 | 28.1% | +3.0% | 48.5 | +6.4% | |
9.8 | 5.5% | +11.4% | 8.8 | -15.9% | |
0 | 0.0% | -91.0% | 0.6 | -21.5% | |
9.8 | 5.5% | +4.5% | 9.4 | -16.3% | |
7.0 | 4.0% | +14.3% | 6.1 | -16.5% | |
*Amounts are rounded down to the nearest hundred million yen. *% of Net sales and YoY comparisons are calculated in yen. | 2 |
*Prior to the fiscal year ended March 31, 2021, no reclassification has been made in accordance with accounting standards for revenue recognition. | |
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. |
Overview of
Business Results
3Q FY March 2023 Consolidated P/L Five Years Transition
Sales and income continued to increase
compared to normal years* excluding any special factors.
(Billion yen) | Sales |
*Comparison with 1Q-3Q FY March 2019 and 1Q-3Q FY March 2022
(Billion yen) | Income |
190
180
Special factors: Special demand
before consumption tax increase
11
10
Special factors: Reduction in sales promotion expenses and other costs in the early days of the COVID-19 pandemic
170
160
0
165.9 |
176.6
171.4
171.9 |
178.1 |
9
8
7
0
10.4
8.8
7.1 |
8.8 |
FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
1Q-3Q | 1Q-3Q | 1Q-3Q | 1Q-3Q | 1Q-3Q |
FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
1Q-3Q | 1Q-3Q | 1Q-3Q | 1Q-3Q | 1Q-3Q |
*Amounts are rounded down to the nearest hundred million yen. | 3 |
*Prior to the fiscal year ended March 31, 2021, no reclassification has been made in accordance with accounting standards for revenue recognition. |
Overview of
Business Results
Segment Information
(Million yen) | FY March 2023 | FY March 2022 | YoY | |
1Q-3Q | 1Q-3Q | |||
Sales | 138,105 | 133,610 | +3.4% | |
Domestic | Gross profit | 45,689 | 44,512 | +2.6% |
AUTOBACS | SG&A | 30,944 | 29,703 | +4.2% |
Business | ||||
Operating | 14,745 | 14,808 | -0.4% | |
income | ||||
Sales | 10,246 | 8,297 | +23.5% | |
Overseas | Gross profit | 4,307 | 3,666 | +17.5% |
SG&A | 4,441 | 3,884 | +14.3% | |
Business | ||||
Operating | -133 | -217 | ー | |
income | ||||
Sales | 37,774 | 37,545 | +0.6% | |
Car Dealership, | ||||
Gross profit | 8,206 | 7,884 | +4.1% | |
BtoB and | ||||
SG&A | 7,498 | 7,910 | -5.2% | |
Online Alliance | ||||
Business | Operating | 707 | -25 | ー |
income | ||||
Sales | 4,615 | 3,758 | +22.8% | |
Gross profit | 1,617 | 1,288 | +25.6% | |
Other Business | 1,992 | |||
SG&A | 1,837 | +8.4% | ||
Operating | -375 | -549 | ー | |
income | ||||
Reconciling items | Operating | -5,131 | -5,211 | ー |
income | ||||
Summary
Demand for car electronics and car interior goods fell due to a decline in new car production. Although tire prices increased in May and September, favorable results were achieved by capturing the demand for winter season items due to cold wave and snowfalls and for maintenance parts for existing owned cars.
Sales increased although retail was affected by the Ukraine situation and inflation. Wholesale remained solid, reflecting the acquisition of new customers mainly in Australia. This resulted in a decrease in operating loss.
The business returned to profitability due to efforts for efficient operations and steady performance by the subsidiaries providing statutory safety inspection and maintenance services and tires in the BtoB business, as well as wheels wholesale, despite a decline in sales in the Car Dealership Business due to the impact of the reduction of 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. | 4 |
*YoY comparisons are calculated in yen. |
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 31 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2023 11:17:23 UTC.
