IDOM : 2nd Quarter Results for Fiscal Year Ending February 29, 2024
October 16, 2023 at 08:17 pm EDT
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Q2 FY2024
First Half Results
for Fiscal Year Ending February 29, 2024
O c t o b e r 1 6 t h , 2 0 2 3
T S E P r i m e 7 5 9 9
I D O M I n c .
1
C o n t e n t s
1. First Half Results Summary FY2024
-3
2.
Initiatives in First Half of FY2024
-16
3.
IDOM's Initiatives
-27
4.
Appendix
-42
5.
Supplementary Information on Results and Financial Matters
-44
FY2024 Financials
1. First Half Results Summary FY2024
First Half FY2024 Results Highlights
Financials Gross profit per retail unit recovered
Gross profit
2024 Q1
2024 Q2
330,000 yen
⇨ 450,000 yen
per retail unit
The Company improved gross profit per retail unit to 450,000 yen in the second quarter, up from 330,000 yen in the first quarter, by curbing excessive discounts.
Financials Record retail unit sales for the first half
Retail unit
73,777 units
sales
+5.1% YoY
Store
Store openings
openings
in the second half revised upward
The number of
10 stores ⇨ 11 stores
store openings
Retail unit sales at directly managed stores hit a record high for the first half.
The planned number of store openings in the second half was revised up to 11 from 10.
* 2024 indicates the fiscal year ending February 29, 2024.
4
Consolidated First Half FY2024 Trend in Net Sales
(billion yen)
250.0
200.0
150.0
203.7 billion yen
⚫ Non-consolidated net sales
increased for four consecutive
year.
Non-consolidated
Subsidiaries
47.2
3.1
⚫ Consolidated net sales was
203.7 billion yen due to the sale
77.5
of Australian business.
エ49.5 ゼ
44.0
マ
100.0
50.0
0.0
129.8134.2
200.6
178.3
150.2
2020 First Half 2021 First Half 2022 First Half 2023 First Half 2024 First Half
* Numerical values in graphs and tables are rounded to the nearest unit and percentage figures are rounded to the nearest unit after calculation in units of million yen.
5
* 2024 indicates the fiscal year ending February 29, 2024.
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IDOM Inc. published this content on 17 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 October 2023 00:16:10 UTC.
IDOM Inc is a Japan-base company principally engaged in the used car sales business, new car sales business and related businesses. The Company operates its business through three geographical segments: Japan, Australia and Others. The Company sells vehicles purchased at Gulliver stores through used car auctions and the dolphinet system. Gulliver stores operate through directly managed stores and member stores. Through its subsidiaries, the Company is also involved in the sale of new and used cars, the insurance agency business, the sale and maintenance of BMW passenger cars, as well as the sale of repair parts and accessories.