IDOM : Results for Fiscal Year Ended February 29, 2024
April 15, 2024 at 02:08 am EDT
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F Y 2 0 2 4
Results for
Fiscal Year Ended February 29, 2024
A p r i l 1 5 t h , 2 0 2 4
T S E P r i m e 7 5 9 9
I D O M I n c .
Disclaimer
Forward-looking statements contained in the materials that IDOM discloses, such as earnings forecasts, are based on the information available to the Company at the time of the disclosure of the materials and certain assumptions that the Company considers reasonable. They are not intended to represent the Company guaranteeing the achievement of any expectations. Please note that a variety of factors may change actual results, etc. Important factors that may influence actual results include the economic conditions surrounding IDOM's business areas, the fluctuation of exchange rates and market prices. The information contained in these materials is not intended for advertising or advisory purposes.
2
C o n t e n t s
1.
FY2024 Results Summary
-4
2.
Financial Forecasts for FY2025
-19
3. Market Perception and Future Initiatives
-22
(Revision of Medium-Term Business Plan Targets)
-42
4.
Capital Policy and Dividends
-47
5. APPENDIX
3
1．FY2024 Results Summary
FY2024 Results Highlights
Caution Regarding Financial Result Briefing Materials
The results for FY2024 reflect a significant decrease in the differences between the consolidated results
and no-consolidated results due to the sale of the Australian business in FY2023.
Since the performance of the standalone entity constitutes the majority of the consolidated figures, there are instances where standalone metrics are utilized for KPIs and other purposes.
Non-
Record quarterly operating profit
Consolidated
Operating profit
5.8 billion yen
+31% YoY
Non-
Retail unit sales and
Consolidated
gross profit per retail unit for FY2024
Gross profit per
410,000 yen/unit x
retail unit
144,487 units
Non-consolidatedoperating profit hit a record high for the fourth quarter.
Gross profit per retail unit:
410,000yen (In line with the assumptions for forecasts)
Retail unit sales:
144,487 units (Record high, +7% YoY)
* 2024 indicates the fiscal year ending February 29, 2024.
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Highlights Trend in FY2024 Operating Profit (Non-Consolidated)
(billion yen)
(billion yen)
(billion yen)
Full-year
Q4 (YoY)
Quarterly trend
Operating
profit
20.0
15.0
10.0
16.4 16.7
5.0 11.9
0.0
202220232024
8.0
6.0
4.0
5.8
2.04.4
2.1
0.0
2022
2023
2024
8.0
6.0
4.0
4.4
5.8
2.0
3.7
2.8
0.0
2024 Q1
2024 Q2
2024 Q3
2024 Q4
Ordinary profit
margin (%)
Operating
profit growth
rate
3.9% 4.5% 4.0%
37.8% 1.9%
4.6% 4.9% 5.2%
109.2% 31.4%
2.7%
4.6%
3.6%
5.2%
* 2024 indicates the fiscal year ending February 29, 2024.
6
Highlights Trend in Retail Unit Sales and Gross Profit per Retail Unit
(thousand unit)
Retail unit sales
Gross profit per retail unit
(ten thousand yen/unit)
150
45
40
41
145
37
40
36
140
35
135
144
30
137
140
130
136
25
125
20
2021
2022
2023
2024
Retail unit sales increased to a record high while gross profit per retail unit was maintained.
* 2024 indicates the fiscal year ending February 29, 2024.
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Consolidated/
Non-consolidated
Key KPIs for FY2024
FY2022
FY2023
2024
Changes
Number
Store opening of large stores
5
8
11
+3
of stores
(stores)
Number of unit sales
23.7
24.7
26.9
+2.2
(ten thousand units)
Number
Number of retail unit sales
14.0
13.5
14.4
+0.9
of units
(ten thousand units)
Number of wholesales unit
9.7
11.2
12.4
+1.2
(ten thousand units)
Gross profit per retail unit
36
40
41
+1
Gross
(ten thousand yen)
profit per
unit
Gross profit per wholesale
10
10
10
-
unit (ten thousand yen)
Results for FY2024 exceeded those for FY2023 in all major KPIs.
* 2024 indicates the fiscal year ending February 29, 2024.
8
Consolidated FY2024 Results
(billion yen)
2023
2024
Ratio to net
YoY
Percent
sales
changes
change
Net sales
416.5
419.9
100.0%
+3.4
+0.8%
73.3
Gross profit
74.5
17.5%
-1.2
-1.6%
Selling, general and
55.9
57.2
13.6%
+1.3
+2.4%
administrative expenses
16.1
Operating profit
18.7
3.8%
-2.6
-13.7%
Ordinary profit
18.4
15.8
3.8%
-2.6
-12.8%
Profit attributable
14.2
11.4
2.7%
-2.8
-19.5%
to owners of parent
* 2024 indicates the fiscal year ending February 29, 2024.
Consolidated FY2024 Analysis of Factors in YoY Change in Operating Profit
(billion yen)
Non-consolidated factors (-1.1)
* 2024 indicates the fiscal year ending February 29, 2024.
Gross profit increased 4.5 billion yen in total, with retail sale sales increasing 3.3 billion yen and wholesale sales increasing 1.2 billion yen.
SG&A expenses increased
billion yen, mainly due to an increase in personnel costs and the cost of hiring to accelerate the opening of large stores.
Operating profit decreased by
billion yen due to the sale of business and reduction of subsidiary losses.
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IDOM Inc. published this content on
15 April 2024 and is solely responsible for the information contained therein. Distributed by
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15 April 2024 06:07:57 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.
IDOM INC. 
