Autobacs Seven Co., Ltd. · TSE:9832
Autobacs Seven — Q1 FY March 2024 Earnings Presentation
29 slides from Autobacs Seven's earnings presentation, Jul 31, 2023
Slide 1: Results for the Three Months ended June 30, 2023
Results for the Three Months ended June 30, 2023 AUTOBACS SEVEN CO., LTD. July 31, 2023
Slide 2: Results of the First Three Months of FY March 2024
Results of the First Three Months of FY March 31, 2024 １．Overview of Business Results P.2 ２．Domestic AUTOBACS Business P.５ ３．Overseas Business P.７ ４．Car Dealership, BtoB and Online Alliance Business P.９ Financial Forecast for FY March 31, 2024 (Revised) 5．Financial Forecast (Revised） P.１１ TOPICS 6．T
Slide 3: 1Q FY March 2024 Consolidated P/L
1Q FY March 2024 Consolidated P/L Business Results Overview of Net sales and income increased, by the normalization of socioeconomic activities due to the transition of COVID-19 to Class 5 and the strengthening of sales promotions against the backdrop of demand for maintenance of existing owned cars
Slide 4: 1Q FY March 2024 Consolidated P/L Five Years Transition
1Q FY March 2024 Consolidated P/L Five Years Transition Highest consolidated sales and operating income in Business Results Overview of the past five years （Billion Yen） Sales changes （Billion Yen） Operating income changes 70.0 2.5 60.0 2.0 50.0 1.5 40.0 30.0 57.6 1.0 2.03 52.0 52.8 50.0 45.0 1.56 2
Slide 5: Segment Information
Segment Information 1Q FY March 1Q FY March YoY Summary Business Results （Million Yen） 2024 2023* Overview of Sales 42,007 38,551 +9.0% Despite a price raise for tires in May, the company strengthened its product lineup and Domestic Gross profit 14,153 13,455 +5.2% sales promotions against the backd
Slide 6: Retail Sales in Total AUTOBACS Group Stores
Retail Sales in Total AUTOBACS Group Stores Retail Sales in Total AUTOBACS Group Stores 64.8 billion yen YoY +3.0％ Domestic AUTOBACS （Billion Yen） Result YoY Business 70 62.9 64.8 Automotive 49.0BY +0.8% 60 goods & services 50 9.3BY +13.1% Used car 48.6 49.0 purchase & sales 9,125 cars +21.7% 40 Num
Slide 7: Sales Variance by Merchandise
Sales Variance by Merchandise (YoY change in amount; total store basis) （Million Yen） 500 412 Domestic AUTOBACS 400 Navigation devices：-0.9BY Dashboard cameras：-2.3BY Business 300 Car Electronics Motor Sports Maintenance 186 200 149 119 Wheels Goods Parts 100 71 34 8 3 0 -12 Oil Goods Car Repair Tir
Slide 8: Overseas Business Sales and Operating Income Changes
Overseas Business Sales and Operating Income Changes Net sales and income increased despite the impact of the Ukraine situation and global inflation Main factor in the operating loss: Operating Income Sales (Million Yen) (Million Yen) - Labor cost increase in France 4,000 Retail Wholesale Operating
Slide 9: Performance by Overseas Subsidiaries
Performance by Overseas Subsidiaries （Million Yen） France Australia Singapore China Malaysia Number of 10 0 2 0 5 stores 24/3 23/3 24/3 23/3 24/3 23/3 24/3 23/3 24/3 23/3 Period 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q Net sales 2,042 1,737 655 677 429 438 212 267 33 36 Overseas Business SG&A 1,161 975 168 161
Slide 10: Car Dealership, BtoB and Online Alliance Business Sales and Operating Income
Car Dealership, BtoB and Online Alliance Business Sales and Operating Income Changes Sales increased but income decreased in the Car Dealership Business despite increase in new and used car sales. Sales and income increased in the BtoB Business and Online Alliance Business. Main factors: Sales incre
Slide 11: Car Dealer, BtoB and Online Alliance Business Overviews
Car Dealer, BtoB and Online Alliance Business Overviews Car Dealership Online Alliance BtoB Business Business Business ✓ Consolidated subsidiary ✓ Steady increase in the number ✓ Launched “MOBILA”, a BACS e-Mobility Co., Ltd. of companies subscribing to general information website opened preparatory
Slide 12: Consolidated Financial Forecast (Revised)
Consolidated Financial Forecast (Revised) Revised financial forecast due to the removal of two consolidated subsidiaries (sub-subsidiaries) from the dealership business from the scope of consolidation. July 31, 2023 Announces ： Transfer of Shares of Sub-subsidiaries and Revisions to Financial Result
Slide 13: Segment Plan (Revised)
Segment Plan (Revised) Revised as following due to change in segment and exclusion of two consolidated subsidiaries (sub-subsidiaries) from the Car Dealership Business FY March FY March 2024 （Initial Plan） FY March 2024 （Revised Plan） 2023 Up&Down Result 1st Half 2nd Half Full Year 1st Half 2nd Half
Slide 14: Change of Reportable Segments
Change of Reportable Segments Reviewed the business portfolio and changed the reportable segments as follows (changes: in red) Segments before change Segments after change Domestic AUTOBACS Business Domestic AUTOBACS Business - Functions to promote and manage used car purchases and sales - Property
Slide 15: Our Goals through Five-year Rolling Plan
Our Goals through Five-year Rolling Plan TOPICS Actively promote collaboration across business boundaries to improve customer convenience 14
Slide 16: Domestic AUTOBACS Business Initiatives
Five-year Rolling Plan: APPENDIX Domestic AUTOBACS Business Initiatives of each business May 2023 Initiatives to promote EVs at A PIT AUTOBACS - Opened “Hyundai Mobility Lounge Tokyo Bay Shinonome” Displays Hyundai ZEVs* and provides consultation on purchases The AUTOBACS Group signed a basic agreem
Slide 17: Online Alliance Business Initiatives
Five-year Rolling Plan: APPENDIX Online Alliance Business Initiatives of each business April 2023 Launched “MOBILA” a general information website for car lifestyle ～Enable every driver and passenger to have excitement and a sense of security～ - Provides the latest news about cars and information abo
Slide 18: Brand Business Initiatives
Five-year Rolling Plan: APPENDIX Brand Business Initiatives of each business May 2023 Grand opening of the concept store “ARTA MECHANICS & INSPIRATIONS” - Aiming to create an experiential facility where users can receive "inspiration," a space where they can enjoy unusual experiences and have fun wi
Slide 19: Efforts to create networks: Overseas Alliance
Five-year Rolling Plan: APPENDIX Efforts to create networks Overseas Alliance Overseas Business Network May 2023 Establishment of More Complete Automotive Ecosystem in Malaysia with KOPFALAH, a Government-Approved Cooperative, for the Sale and Maintenance of Quality Japanese Used Cars - KOPFALAH pro
Slide 20: Information Infrastructure: Digital ecosystem CDE
Five-year Rolling Plan: APPENDIX Information Infrastructure Efforts to create networks Achieving “CDE” through digital ecosystem *CDE : Customer Deep Engagement A strategy to engage with customers more deeply, longer, and more directly Established AUTOBACS Digital Initiative Co., Ltd. as a subsidiar
Slide 21: Initiatives for ESG・SDGs
Initiatives for ESG・SDGs Results of Materiality Non-financial targets Range KPI Goals for 2030 Initiatives 2022 Consolidated Selling products for preventing accidents 190,000/year 230,000/year Promoting efforts to achieve zero Building bases for tire check-up and emergency Consolidated 238 734 traff
Slide 22: Initiatives for ESG・SDGs: Community KPIs
Initiatives for ESG・SDGs KPI： Holding local traffic safety events KPI： Support for disaster victims provided using automobiles Donation of 10 vehicles to the Japan Car Community-based "Promotion of Efforts Sharing Association Toward Zero Traffic Accidents" Event ～As part of the “Disaster Relief Usin
Slide 23: Initiatives for ESG・SDGs: Sustainability Policy and Environment
Initiatives for ESG・SDGs KPI： Developing a sustainability policy and related policies Initiatives for the Environment Established Sustainability Basic Policy, Reduction target: Carbon neutrality Human Rights Policy and Other Related Policies in fiscal 2050 （Net-zero emissions） April 2023 The Company
Slide 24: Used Car Purchasing and Sales
1Q FY March 2024 Used Car Purchasing and Sales Total 9,125cars YoY +21.7％ BtoB Sales Retail Details No. of cars sold Details No. of cars sold Sales to Headquarters ４１７ Used cars １，６９１ Sales to AA(Auto Auction) via １，２３１ New cars ９２９ Headquarters Direct sales from stores ４，８５７ BtoB total 6,５０５ Retail
Slide 25: Domestic Store Sales/Number of Purchasing Customers Changes
Domestic Store Sales/Number of Purchasing Customers Changes [Same store basis (YoY)] 1Q Sales: +2.7% Number of purchasing customers:▲3.3% Sales 10% 0% -10% 10% Number of Purchasing Customers 0% -10% 2022 2023 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Rapid spread of infection Environment Relax
Slide 26: Store Openings and Closings
Store Openings and Closings No. of FY March 2024 No. of stores at No. of stores at Domestic end of 1Q（Result） stores at 2Q-4Q（Plan） end of March end of June March New S&B R/L Close New S&B R/L Close 2023 2023 2024 AUTOBACS 496 496 +５ +４/-４ ５０１ Super AUTOBACS 74 74 74 AUTOBACS Secohan Ichiba 4 4 4 AU
Slide 27: Balance Sheet: Assets
Balance Sheet: Assets 183.3BY 183.1BY 221.8BY 194.3BY 191.0BY （Billion Yen） 29.3 Cash and deposit 24.5 25.3 Notes and 35.6 29.1 22.5 accounts receivable - 26.1 22.9 26.1 trade Merchandise 24.2 26.1 Accounts 23.8 25.6 25.8 receivable - 23.1 other 33.9 19.3 27.1 18.9 Other current 16.7 assets 10.7 13.
Slide 28: Balance Sheets: Liabilities and Equity
Balance Sheets: Liabilities and Equity 183.3BY 183.1BY 221.8BY 194.3BY 191.0BY （Billion Yen） Notes and 34.7 accounts payable - trade 7.1 17.6 19.1 Short-term 15.3 14.6 1.8 borrowings 1.7 0.9 20.2 15.7 1.9 12.1 12.6 12.9 Accounts payable - other 12.6 11.8 16.1 13.6 12.7 5.2 5.7 4.6 6.6 6.5 Other curr
Slide 29: Forward-Looking Statements
Forward-Looking Statements These materials include forecasts regarding the Company’s future plans, strategies, and performance. This information is based on judgments and forecasts made in accordance with information currently available. Actual results may differ materially from forecasts due to suc
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