Financial Summary for Q3 of Fiscal Year Ending February 2026 [Japanese GAAP] (Consolidated)

Overview of Performance

For the cumulative Q3 consolidated period of the fiscal year ending February 2026, net sales totaled JPY 421,503 million (10.8% YoY increase), setting a record high retail unit sales of 125,177 vehicles (10.3% YoY increase). Operating income was JPY 14,514 million (3.6% YoY decrease), ordinary income was JPY 13,437 million (7.5% YoY decrease), and net income attributable to owners of parent for the quarter was JPY 9,086 million (7.3% YoY decrease). The decrease in operating income was mainly due to the impact of high-cost inventory resulting from a sharp decline in auto auction prices and increased selling, general and administrative expenses associated with opening large stores.

Segment Performance and Financial Position

The Japan segment recorded net sales of JPY 414,643 million (9.8% YoY increase) and operating income of JPY 14,459 million (3.5% YoY decrease). The Other segment posted net sales of JPY 6,866 million (129.2% YoY increase) but recorded an operating loss of JPY 7 million. Total assets stood at JPY 251,919 million (14.5% increase from the end of the previous fiscal year), total liabilities amounted to JPY 165,088 million (18.6% increase), and total net assets were JPY 86,831 million (7.4% increase). The equity ratio declined to 33.8%. There is no change to the full-year earnings forecast.