Autobacs Seven Co., Ltd. · TSE:9832
Autobacs Seven — H1 FY March 2025 Earnings Presentation
45 slides from Autobacs Seven's earnings presentation, Nov 1, 2024
Slide 1: Results for the Six Months ended September 30, 2024
Results for the Six Months ended September 30, 2024 AUTOBACS SEVEN CO., LTD. November 1, 2024
Slide 2: Results of the 1st Half of FY March 2025 and Financial Forecast for Full Year
Results of the 1st Half of FY March 2025 and Financial Forecast for Full Year Overview of Business Results P. 3 Changes in Reportable Segment P. ４ Financial Results by Segment P. ６ Action to Implement Management that is Conscious of Cost of P. 13 Capital and Stock Price Financial Forecast P. 1４ Acti
Slide 3: Results of the 1st Half of FY March 2025 and Financial Forecast for Full Year
Results of the 1st Half of FY March 2025 and Financial Forecast for Full Year General Manager Corporate Management Noritaka Hiraga
Slide 4: Overview of Business Results: 1st Half Consolidated P/L
1st Half of FY March 2025 Consolidated P/L Business Results Overview of Sales and income increased in the AUTOBACS Business due to strong performance in maintenance parts and services, including tires, oil, and batteries. However, consolidated sales and income decreased due to the sale of two second
Slide 5: Changes in Reportable Segment
Changes in Reportable Segment Effective 2Q FY March 2025, the reporting segments were revised to focus on retail and Changes in Segment wholesale, aiming to accelerate the implementation of the Medium-term Business Plan Old segments New segments Business activities Domestic AUTOBACS Retail in Japan
Slide 6: Highlights of Financial Results for 1st Half
Highlights of Financial Results for 1st Half FY March 2025 Business Results Overview of ＜AUTOBACS Business＞ Tires, oil and batteries performed well due to maintenance demand for existing cars. Sales from services associated with these products also remained strong. In April and August, two franchise
Slide 7: Financial Results by Segment: Segment Information
Segment Information Financial Results by Segment 1st Half of FY 1st Half of FY YoY （Million Yen） March 31, 2025 March 31, 2024(*１) Sales 89,290 86,804 +2.9% Gross profit 32,083 29,978 +7.0% AUTOBACS Business SG&A 24,203 22,214 +9.0% Operating income 7,880 7,763 +1.5% Sales 10,223 13,714 -25.5% Gross
Slide 8: Financial Results by Segment: AUTOBACS Business
Financial Results by Segment: AUTOBACS Business The growth of sales was driven by the strong domestic retail business. Although SG&A expenses increased due to the consolidation of two franchise stores, the gross margin improved, resulting in increased sales and income. - Domestic AUTOBACS ＜Retail＞ S
Slide 9: Retail Sales in Total AUTOBACS Group Stores
Retail Sales in Total AUTOBACS Group Stores Retail Sales in Total AUTOBACS Group Stores 134.8 billion yen YoY +3.7％ （Billion Yen） 140 129.9 134.8 Result YoY AUTOBACS Business 120 Automotive 99.5BY +3.1% goods & services 100 96.5 99.5 80 Used car 21.3BY +8.5% purchasing & sales 18,086 cars -1.5% 60 N
Slide 10: Sales Variance by Merchandise
Sales Variance by Merchandise (YoY change in amount; total store basis) （Million Yen） 1,500 1,389 Navigation devices：-0.51BY AUTOBACS 1,068 Business Dashboard cameras：-0.14BY 1,000 Car Electronics 500 436 Car Leisure Car Repair 300 272 Wheels 235 Goods Items 77 37 0 -38 -40 -54 maintenance services)
Slide 11: Financial Results by Segment: Consumer Business
Financial Results by Segment: Consumer Business Sales and income declined due to the sale of two subsidiaries in the previous fiscal year and increased M&A expenses. - New and Used Car Sales Ｓales for auction performed strong against the backdrop of increases in the unit prices of used cars and the
Slide 12: Financial Results by Segment: Wholesale Business
Financial Results by Segment: Wholesale Business In overseas wholesale, there was decline in export transactions from domestic markets, resulting in decreased sales and income. - Domestic Wholesale Sales of items exclusively for Nissan vehicles grew. Subsidiaries handling engine oil and wheels perfo
Slide 13: Financial Results by Segment: Expansion Business
Financial Results by Segment: Expansion Business Finance and real estate income were strong. TOPICS - Finance Entry into the micro-mobility sector Revenue increased due to higher loan interest rates. Expansion Business - Sales of micro- - Real estate mobility began at Real estate income grew due to
Slide 14: Action to Implement Management Conscious of Cost of Capital and Stock Price
Action to Implement Management that is Conscious of Cost of Capital and Stock Price The PBR is around 1. The Company will boost its PBR by increasing capital efficiency and corporate value. （Times） PBR・ROE 2 10% Initiatives PBR ROE(%) ✓ Emphasizing that is Conscious of Cost of Capital Action to Impl
Slide 15: Assumption of Business Environment for Financial Forecast
Assumption of Business Environment for FY March 2025 ✓ Demand increase of statutory safety inspection and automotive maintenance by the improvement Positive of vehicle longevity. factors ✓ Demand increase of car accessories reflecting the recovery of new car production. ✓ Demand increase of used car
Slide 16: Consolidated Financial Forecast
Consolidated Financial Forecast for FY March 2025 1st Half 2nd Half （FY plan – 1H result） FY March 2025 Full Year Result YoY Plan YoY Plan YoY （Billion Yen） Net sales 110.2 - 1.4% 130.0 +10.2% 240.3 ＋4.5% Financial Forecast Gross profit 38.6 +3.1% 44.7 +17.9% 83.4 ＋10.6% Gross profit ratio 35.0% 34.
Slide 17: Segment Forecast
Segment Forecast for FY March 2025 1st Half 2nd Half （FY plan – 1H result） FY March 2025 Full Year Result YoY Plan YoY Plan YoY （Million yen） Sales 89,290 +2.9% 101,499 +6.7% 190,790 +4.9% AUTOBACS Business Operating Financial Forecast 7,880 +1.5% 12,639 +43.7% 20,520 +23.9% income Sales 10,223 -25.
Slide 18: Dividends and Share Buyback Forecast
Dividends and Share Buyback Forecast for FY March 2025 Dividends per Share Dividends and Share Buyback （Yen） （Billion Yen） Interim dividends Amount of share buyback 80 Year-end dividends (commemorative dividends) 60 Dividends paid Year-end dividends Financial Forecast 60 30 40 30 30 40 10 54.6 46.7
Slide 19: Capital Expenditures & Depreciation Forecast
Capital Expenditures ＆ Depreciation Forecast for FY March 2025 Capital Expenditures Depreciation （Billion Yen） （Billion Yen） 10 6 9.14 9 5.20 4.96 5 8 Financial Forecast 7.18 4.30 4.16 7 6.30 3.85 6.00 4 6 5 3 2.69 3.99 4 3.38 3 2 2 1 1 0 0 FY March FY March FY March FY March FY March FY March FY Ma
Slide 20: Initiatives in 1st Half of FY March 2025
Initiatives in 1st Half of FY March 2025 Representative Director & Chief Executive Officer Yugo Horii
Slide 21: Key Messages for Today
Key Messages for Today 1. Overview of Long-term Vision and 2024 Medium-term Business Plan 2. Progress and Topics of 2024 Medium-term Business Plan 3. In Closing 20
Slide 22: Overview of Long-term Vision Beyond AUTOBACS Vision 2032
１． Overview of Long-term Vision and 2024 Medium-term Business Plan ■ Overview of Long-term Vision “Beyond AUTOBACS Vision 2032” and Medium-term Business Plan Overview of Long-term Vision 21
Slide 23: Envisaged Business Growth
１． Overview of Long-term Vision and 2024 Medium-term Business Plan ■ Overview of Long-term Vision “Beyond AUTOBACS Vision 2032” Envisaged Business Growth Consolidated net sales ¥500 billion Discontinuous innovations ■ New business creation Entry into/creation of micro-mobility markets ■ Used car pur
Slide 24: New Direction: Accelerating Towards Excellence
１． Overview of Long-term Vision and 2024 Medium-term Business Plan ■ Overview of 2024 Medium-term Business Plan Accelerating Towards Excellence" New Direction Aim to provide Mobility Lifestyle Infrastructure” for our customers on a global scale and Medium-term Business Plan Overview of Long-term Vis
Slide 25: FY2026 Performance Targets
１． Overview of Long-term Vision and 2024 Medium-term Business Plan ■ Overview of 2024 Medium-term Business Plan “Accelerating Towards Excellence" FY2026 Performance Targets 2023年度チェン方針 Consolidated net sales Consolidated operating income ROIC 280.0 billion yen 15.0 billion yen 7.0% 「質を高めて客数を増やす」 FY2
Slide 26: Strategies to achieve the new direction
１． Overview of Long-term Vision and 2024 Medium-term Business Plan ■ Overview of 2024 Medium-term Business Plan “Accelerating Towards Excellence" Strategies to achieve the new direction 1. “Create touch points” to continue to and Medium-term Business Plan Overview of Long-term Vision support mobilit
Slide 27: Capital Allocation
１． Overview of Long-term Vision and 2024 Medium-term Business Plan ■ Overview of Long-term Vision “Beyond AUTOBACS Vision 2032” Capital Allocation - Invest a cumulative total of 35 billion yen - Policy on shareholder returns: Maintain stable dividend payment (annual dividends of 60 yen per share) Wh
Slide 28: Sustainability Initiatives
１． Overview of Long-term Vision and 2024 Medium-term Business Plan ■ Overview of Long-term Vision “Beyond AUTOBACS Vision 2032” Sustainability Initiatives - Realize a safe, secure, and gentle society in which people, cars, and the environment exist in harmony. - Set priority issues to achieve both s
Slide 29: Strategies for Achieving New Directions: Portfolio Optimization
2. Progress and Topics of 2024 Medium-term Business Plan ■ Progress and Topics Strategies for Achieving New Directions Business portfolio optimization - Implementation of organizational and segment changes Progress/Topics A new approach to implement the medium-term plan - Formation a task force of 5
Slide 30: 1. Create touch points
2. Progress and Topics of 2024 Medium-term Business Plan ■ Progress and Topics Strategies for Achieving New Directions 1. Create touch points Expand new bases and channels - Accelerating AUTOBACS store openings. - Opened the first large type AUTOBACS CARS store, AUTOBACS CARS Kashiwa Oi. - Opened on
Slide 31: 2. Develop and supply products and solutions
2. Progress and Topics of 2024 Medium-term Business Plan ■ Progress and Topics Strategies for Achieving New Directions 2. Develop and supply products and solutions Expand wholesale channels by developing attractive products and solutions - Accelerating the development of private brand (PB) and exclu
Slide 32: 3. Establish new business domains
2. Progress and Topics of 2024 Medium-term Business Plan ■ Progress and Topics Strategies for Achieving New Directions 3. Establish new business domains Develop EV solution business - Expanding EV sales - Promoting the installation of EV chargers Aiming to install rapid chargers at 100 stores by 203
Slide 33: Capital Allocation
2. Progress and Topics of 2024 Medium-term Business Plan ■ Capital Allocation - Proactively investing in facilities and M&A activities - Pay an interim dividend of 30 yen and maintain an annual dividend of 60 yen Investment ROIC 6.5% 6.0% 6.1% 6.0% Capital M&A 5.6% expenditure investment 5.5% Progre
Slide 34: Sustainability Initiatives
2. Progress and Topics of 2024 Medium-term Business Plan ■ Sustainability Initiatives Reducing CO2 by establishing environmentally-enhanced stores - Signed agreement with Ministry of Agriculture, Forestry and Fisheries to “Promote the Use of Wood in Buildings for New Store Construction" - First stor
Slide 35: Sustainability Initiatives
2. Progress and Topics of 2024 Medium-term Business Plan ■ Sustainability Initiatives Promotion of efforts to eliminate traffic accidents - Launch of “Komamori," a device to prevent children from being left behind in cars Maximize human capital （Human resource development/reskilling） Progress/Topics
Slide 36: Striving to be a 100-Year Group Enterprise
3. In Closing ■ Striving to be a 100-Year Group Enterprise In Closing Higashi Osaka Store, the first AUTOBACS store Current AUTOBACS store Future AUTOBACS store 50 years from now (image) 35
Slide 37: KPI targets for FY 2032 (domestic)
3. In Closing ■ KPI targets for FY 2032 (domestic) Group Stores 1,300 stores Statutory Safety Inspection 1 million units Used Car Purchasing & Sale 150,000 units In Closing 36
Slide 38: Initiatives for ESG・SDGs: APPENDIX
Initiatives for ESG・SDGs : APPENDIX ESG・SDGｓ 37
Slide 39: Initiatives for ESG・SDGs
Initiatives for ESG・SDGs : APPENDIX Non-financial targets： Promoting spread of safe and Non-financial targets： Reducing CO2 by establishing secure EVs toward realization of a zero-carbon society environmentally-enhanced stores The Group’s second store built of wood, Install rapid EV chargers at 100
Slide 40: 1st Half of Used Car Purchasing and Sales
1st Half of FY March 2025 Used Car Purchasing and Sales Total 18,086cars YoY -1.5％ BtoB Sales Retail Details No. of cars sold Details No. of cars sold Sales to Headquarters 401 Used cars 3,407 Sales to AA(Auto Auction) via 3,208 New cars 1,486 Headquarters Direct sales from stores 9,584 BtoB total 1
Slide 41: Domestic Store Sales/Number of Purchasing Customers Changes
Domestic Store Sales/Number of Purchasing Customers Changes [Same store basis (YoY)] 1st Half Sales: +3.5% Number of purchasing customers: -0.7% Sales 10% 0% -10% 10% Number of Purchasing Customers 0% -10% 2023 2024 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Environment Decline in the number of
Slide 42: Store Openings and Closings
Store Openings and Closings FY March 2025 1st Half (Result) No. of 2nd Half (Plan) Domestic No. of stores at stores at No. of stores end of March New Close Sep 30, New Close at end of 2024 2024 March 2025 AUTOBACS 496 +8 504 +6 ５10 AUTOBACS GARAGE 1 1 1 Super AUTOBACS 72 -1 71 71 A PIT AUTOBACS 2 2
Slide 43: Balance Sheet: Assets
Balance Sheet: Assets 197.2BY 217.9BY 194.9BY 191.4BY 205.7BY （Billion Yen） Cash and 33.4 deposit 33.2 Notes and 35.0 31.2 29.8 accounts 32.3 receivable - 28.4 26.9 22.3 24.9 trade Merchandise 24.6 Accounts 22.6 26.2 24.3 23.1 receivable - other 32.9 20.3 26.0 19.8 19.3 Other current 9.5 assets 10.5
Slide 44: Balance Sheets: Liabilities and Equity
Balance Sheets: Liabilities and Equity 197.2BY 217.9BY 194.9BY 191.4BY 205.7BY （Billion Yen） Notes and 34.9 accounts 17.9 payable - trade 25.0 0.6 22.0 0.6 22.6 1.2 19.0 0.0 13.6 12.4 15.2 0.5 Short-term 13.5 12.1 borrowings 11.0 14.9 11.7 6.0 11.0 16.2 6.5 6.0 5.5 Accounts 11.1 10.9 10.7 11.1 payab
Slide 45: 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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