Vt Holdings Co., Ltd. · TSE:7593
Vt — FY2025 Earnings Presentation
36 slides from Vt's earnings presentation, May 27, 2026
Slide 1: Financial Results Fiscal Year Ended March 31, 2026
Financial Results Fiscal Year Ended March 31, 2026 VT HOLDINGS CO., LTD. May 27, 2026 Market: TSE Prime Market; Nagoya SE Premier Market (Code: 7593) ©2026 VT HOLDINGS CO., LTD
Slide 2: FY2025-2026: Summary of Results
FY2025-2026: Summary of Results ＶＴ ＨＯＬＤＩＮＧＳ Revenue increased by 10.6% YoY, reaching a new record high. In the Automobile Sales-Related Business, overseas new car sales, primarily in Spain, performed strongly, while used car sales, as well as the Service and Car Rental segments, also performed w
Slide 3: FY2025-2026: Consolidated Business Results
FY2025-2026 : Consolidated Business Results ＶＴ ＨＯＬＤＩＮＧＳ Revenue reached an all-time high. Revenue (left legend) Operating profit (right legend) Profit before tax (right legend) Net profit (right legend) Unordinary factor (Billion JPY) YoY (Billion JPY) Revenue +Y37.1bn (+10.6%) 500 OP +Y143m (+1.3%)
Slide 4: FY2025-2026: Revenue by Segment
FY2025-2026 : Revenue by Segment ＶＴ ＨＯＬＤＩＮＧＳ The New Car, Used Car, and Service segments drove revenue growth, while the Car Rental segment and Housing-Related Business remained solid. Revenue by Segment Impact by Segment (Million JPY) (Million JPY) Other Housing Rent-a-Car Other Service Housing Use
Slide 5: Revenue by Segment: Quarterly Change
Revenue by Segment: Quarterly Change ＶＴ ＨＯＬＤＩＮＧＳ For both 3Q and 4Q, revenue growth was continued on a YoY basis. The Used Car and Service segments drove growth, with revenue expansion continuing. Revenue by Segment Quarterly Change （Million JPY） New Cars Used Cars Services Car Rentals Housing, Othe
Slide 6: FY2025-2026: Gross Profit by Segment
FY2025-2026 : Gross Profit by Segment ＶＴ ＨＯＬＤＩＮＧＳ The Used Car and Service segments performed well. Gross profit increased steadily by 12.4% YoY. Gross Profit by Business Impact by Segment (Million JPY) (Million JPY) Other Housing Other Rent-a-Car Housing Service 59,992 Service Rent-a-Car 976 59,992
Slide 7: Gross Profit by Segment: Quarterly Change
Gross Profit by Segment: Quarterly Change ＶＴ ＨＯＬＤＩＮＧＳ The Used Car and Service segments performed well. Overall, profit growth has continued for six years since FY2021. Gross Profit by Segment Quarterly Change (Million JPY) New Cars Used Cars Services Car rentals Housing, Other 20,000 16,090 16,000
Slide 8: FY2025-2026: Revenue by Region
FY2025-2026 :Revenue by Region ＶＴ ＨＯＬＤＩＮＧＳ Both domestic and overseas sales grew steadily. The overseas sales ratio remained on an upward trend. Overseas Revenue % Revenue by Region (Million JPY) 47.9% Overseas 46.5% 42.5% 42.7% 40.0% Domestic 388,733 351,630 311,604 FY2021/22 FY2022/23 FY2023/24 FY
Slide 9: Revenue by Region: Quarterly Change
Revenue by Region: Quarterly Change ＶＴ ＨＯＬＤＩＮＧＳ Domestic and overseas revenue saw steady YoY growth for both 3Q and 4Q. Revenue by Region Quarterly Change (Million JPY) Domestic Overseas 120,000 105,972 98,477 100,000 93,976 93,484 90,640 89,425 87,470 84,814 85,370 80,000 76,933 77,132 52,959 72,94
Slide 10: FY2025-2026: Units Sold
FY2025-2026 : Units Sold ＶＴ ＨＯＬＤＩＮＧＳ Used car sales continued to perform well. Overall vehicle sales increased steadily by 2.1% YoY, with growth in overseas new car sales also contributing. Used Cars Sold (units) Total Cars Sold Overseas (units) Domestic 1,836 New Car Domestic New Car Overseas 2,467
Slide 11: Japanese Domestic New/Used Car Registration
Japanese Domestic New/Used Car Registration ＶＴ ＨＯＬＤＩＮＧＳ Supply shortages from manufacturers improved, with new car sales remaining flat and used car sales recovering steadily. (10,000 units) Japanese Domestic New/Used Car Registration 700 New Cars 508 520 526 504 466 422 439 453 458 453 350 0 17/3 1
Slide 12: Japanese Domestic Number of Owned Cars
Japanese Domestic Number of Owned Cars ＶＴ ＨＯＬＤＩＮＧＳ The number of vehicles owned, a source of revenue for the service segment, has continued to increase by 19% since 2001. However, the growth rate has gradually slowed in recent years due to longer vehicle ownership periods and others. (10,000 units)
Slide 13: Consolidated Balance Sheet at the end of FY2025-2026
Consolidated Balance Sheet at the end of FY2025-2026 ＶＴ ＨＯＬＤＩＮＧＳ Total assets increased by 25.2 billion yen previous fiscal year-end. (An increase in vehicle inventories to support higher sales, capital expenditures for store construction, and increases in fixed assets due to the acquisition of rent
Slide 14: FY2025-2026: Real Interest-Bearing Debt and Others
FY2025-2026 : Real Interest-Bearing Debt and Others ＶＴ ＨＯＬＤＩＮＧＳ Net interest-bearing debt increased in line with capital expenditures and the expansion of the car rental business. Although the net D/E ratio rose by 0.3 percentage points from the previous fiscal year-end, the current ratio and fixed
Slide 15: FY2025-2026: Consolidated Cashflow
FY2025-2026 : Consolidated Cashflow ＶＴ ＨＯＬＤＩＮＧＳ Continued capital expenditures for store renovations, while also continuing rental car acquisitions. Although operating CF declined from the previous fiscal year due to the expansion of vehicle inventories, operating CF totaled 18.8 billion yen and FCF
Slide 16: FY2026-2027 Business Outlook
FY2026-2027 Business Outlook ＶＴ ＨＯＬＤＩＮＧＳ Revenue and Operating profit are expected to reach record highs, supported by growth in both domestic and overseas businesses. Revenue (Billion JPY) Operating profit (Billion JPY) +2.5 13.5 388.7 +11.3 400.0 351.6 +37.1 10.9 +0.1 11.0 2H 6.8 2H 205.0 4.2 204.
Slide 17: FY2026-2027 Foreign Exchange Rate Assumption
FY2026-2027 Foreign Exchange Rate Assumption ＶＴ ＨＯＬＤＩＮＧＳ The financial results of overseas New Car dealers and importers are affected by FX rates at the time of financial reporting. FY 26/3 （Period-average rate） FY 27/3 Forecast EUR ¥174.79/€ ¥183/€ USD ¥150.78/US$ ¥160/US$ GBP ¥202.10/£ ¥211/£ AUD
Slide 18: 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 ＶＴ ＨＯＬＤＩＮＧＳ Progress on the numerical targets related to management focused on capital costs and stock prices, as disclosed on October 28, 2024. Actual Results Actual Results Target Item FY 3/25 FY 3/26 FY 3/28 ROE 7
Slide 19: Revenue, Operating Profit since IPO in 1998
Revenue, Operating Profit since IPO in 1998 ＶＴ ＨＯＬＤＩＮＧＳ 450 Financial Performance Trend (Billion JPY) IFRS 45.0 400.0 400 Revenue Operating Profit 388.7 40.0 Record High Revenue We aim for a growth scenario that Increased by 53 351.6 350 balances the themes of expanding times since IPO 35.0 business
Slide 20: Dividends Policy
Dividends Policy ＶＴ ＨＯＬＤＩＮＧＳ Annual dividends to be 24 yen for FY 3/27. (Consolidated Dividends Payout Ratio: 39.9%) Special/Commemorative Dividend Dividend Per Share Year-end Dividend (JPY) Interim Dividend Payout Ratio 112.9% 87.8% 100% 23.50 24.00 24.00 24.00 24.00 56.2% 49.3% 22.00 1.00 1.00 38.
Slide 21: Transition to a New Management Framework
Reference: Transition to a TOPICS New Management Framework ＶＴ ＨＯＬＤＩＮＧＳ Establishing a New Management Framework that Balances Greater Management Agility with Enhanced Oversight Functions By rejuvenating and streamlining the Board of Directors, the Company aims to enhance management agility, while str
Slide 22: Reference: TOPICS NISSAN PRINCE YAMANASHI
Reference: TOPICS NISSAN PRINCE YAMANASHI ＶＴ ＨＯＬＤＩＮＧＳ On April 1, 2026, the company acquired 100% of the shares of NISSAN PRINCE YAMANASHI CO., LTD. Company Name: NISSAN PRINCE YAMANASHI CO., LTD. HQ: 2-1ｰ29 Tomitake, Kohu City, Yamanashi Stores: Yamanashi 10 new car & 1 used car dealers Representat
Slide 23: Reference: TOPICS New EV Development “Project V”
Reference: TOPICS New EV Development “Project V”ＶＴ ＨＯＬＤＩＮＧＳ Pursuing Caterham’s Signature “Fun-to-Drive” Experience Development of the Prototype for “Project V,” a Next-Generation EV Sports Coupe What is Project V? In 2023, Caterham unveiled the “Project V” concept car. While being an EV, it is a ne
Slide 24: Reference: Corporate Profile
Reference: Corporate Profile ＶＴ ＨＯＬＤＩＮＧＳ (As of March 31, 2026) Company Name VT HOLDINGS CO., LTD. Head Office 3-10-32 Nishiki, Naka-ku, Nagoya-shi, Aichi, JAPAN Established March 1983 (previously known as Honda Verno Tokai Co., Ltd.) Representative Kazuho Takahashi (President & CEO) Capital 5,099,9
Slide 25: Reference: Number of Group Employees
Reference: Number of Group Employees ＶＴ ＨＯＬＤＩＮＧＳ (As of March 31, 2026) Segment Region Company name Number of employees* Number of temporary employees* total employees Honda Cars TOKAI 432 30 462 NAGANO NISSAN 426 26 452 SHIZUOKA NISSAN 294 41 335 MIKAWA NISSAN 196 21 217 NISSAN SATIO SAITAMA 197 15
Slide 26: Reference: Number of Group Automobile Dealerships
Reference: Number of Group Automobile Dealerships ＶＴ ＨＯＬＤＩＮＧＳ （ As of April 1, 2026 ） New Used Classification Company name Brand Car Car Total Honda Honda Cars TOKAI HONDA 33 1 34 NAGANO NISSAN NISSAN 31 1 32 SHIZUOKA NISSAN NISSAN 24 4 28 MIKAWA NISSAN NISSAN 12 - 12 Nissan NISSAN SATIO SAITAMA NIS
Slide 27: Reference: Main Operations and Subsidiaries
Reference: Main Operations and Subsidiaries ＶＴ ＨＯＬＤＩＮＧＳ (As of April 1, 2026) 《Automobile sales related business》 Franchised Dealer Groups Honda Cars TOKAI NISSAN PRINCE YAMANASHI KOYO AUTO NAGANO NISSAN AUTO Motoren Shizuoka GRIFFIN MILL GARAGES SHIZUOKA NISSAN AUTO Fuji Motoren WESSEX GARAGES HOLD
Slide 28: Reference: Automobile Dealer Companies (Japan)
Reference: Automobile Dealer Companies (Japan) ＶＴ ＨＯＬＤＩＮＧＳ Automobile Dealer Groups Motoren Shizuoka Honda Cars TOKAI BMW dealers in Shizuoka HONDA dealers in Aichi and Gifu 3 new car & 1 used car dealers 33 new car & 1 used car dealers Fuji Motoren NAGANO NISSAN AUTO BMW dealers in Shizuoka NISSAN
Slide 29: Reference: Automobile Dealer Companies (Overseas)
Reference: Automobile Dealer Companies (Overseas) ＶＴ ＨＯＬＤＩＮＧＳ Automobile Dealer Groups (Overseas) GRIFFIN MILL GARAGES Multi-franchise dealers in 7 locations in United Kingdom PEUGEOT/KIA/FIAT/ABARTH/LEAPMOTOR/NISSAN/VAUXHALL WESSEX GARAGES HOLDINGS Multi-franchise dealers in 12 locations in United
Slide 30: Reference: FY3/2026 New Car Sales by Brand
Reference: FY3/2026 New Car Sales by Brand ＶＴ ＨＯＬＤＩＮＧＳ FY3/2026 New car Sales by Brand (units) 15,923 8,119 4,935 3,460 3,295 3,095 2,716 2,255 1,381 1,689 933 502 NISSAN HONDA SUZUKI TOYOTA KIA OMODA MAZDA HYUNDAI EBRO BMW PEUGEOT Other JAECOO *Other: total of brands with less than 500 units sold (
Slide 31: Reference: Importers
Reference: Importers ＶＴ ＨＯＬＤＩＮＧＳ LOTUS Importers *Merged with SCI. CO. LTD. in April 2026 LCI LOTUS/CATERHAM/KTM X-BOW/MORGAN Direct dealers x3 CATERHAM PCI ROYAL ENFIELD/MUTT/FORD (Parts only)/SAAB (Parts only) KTM X-BOW ROYAL ENFIELD MUTT MORGAN ©2026 VT HOLDINGS CO., LTD 30
Slide 32: Reference: Automobile Manufacturer
Reference: Automobile Manufacturer ＶＴ ＨＯＬＤＩＮＧＳ Automobile Manufacturer CATERHAM CARS British car manufacturer focusing on production and sales of lightweight sports cars, “Super Seven”. As a traditional sports car brand, it has a niche but stable popularity. VT Group's know-how and other factors are
Slide 33: Reference: Exporting Used Cars
Reference: Exporting Used Cars ＶＴ ＨＯＬＤＩＮＧＳ Exporting Used Cars TRUST Exporting Japanese used cars to over 150 countries Delisted on August 20, 2025 Europe Exporting Used Cars Asia America Africa Oceania ©2026 VT HOLDINGS CO., LTD 32
Slide 34: Reference: Car Rentals
Reference: Car Rentals ＶＴ ＨＯＬＤＩＮＧＳ Car Rentals J-net Rental & Lease Rental Car Offices National 145 (As of March 31, 2026) Direct 67 FC 78 4th largest fleet in Japan (cars) 1. TOYOTA Rent a Car 134,585 2. ORIX Rent a Car 76,829 3. NIPPON Rent a Car 34,162 4. J-net Rent a Car 24,276 5. NISSAN Rent a
Slide 35: Reference: Housing-related Businesses
Reference: Housing-related Businesses ＶＴ ＨＯＬＤＩＮＧＳ Commercial Building, Bespoke Residential Construction and Sales Holding Company for Housing Sector Archish Gallery AMG HOLDINGS Business Area: Tokyo, Aichi and Osaka Tokyo Stock Exchange Standard Market Nagoya Stock Exchange Main Market （Security Cod
Slide 36: E-mail ir@vt-holdings.co.jp
This presentation is produced by VT Holdings (‘the Company’) to explain the company’s financial and business situation for the reference of investors. The contents of this presentation are based on widely-accepted economic and societal trends as of May 2026, in addition to logical assumptions made b