Premium Group Co., Ltd. TSE:7199
Financial Results Presentation for 1H of FY Ending March 31, 2022
Source: MarketScreener
Financial Results Presentation
for 1H of FY Ending March 31, 2022
November 5, 2021
TSE First Section: 7199 Premium Group Co., Ltd.
1. Summary of Financial Results for 1H | P. 3 |
2. Segment Overview | P. 8 |
3. Other Topics | P. 15 |
4. Appendix | P. 18 |
2
1. Summary of Financial Results for 1H
Highlights from 1H of FY Ending March 31, 2022
- The downturn in production of new cars has resulted in used car inventory shortages and soaring prices
- Both credit finance and automobile warranty segments recorded growth in volume that outpaced the market
- The steady performance of our three main segments helped drive performance of core businesses to higher revenue and profit
Market
- Number of new passenger vehicles registered: 1H: Up 2.3% YoY /
2Q alone: Down 11.3% YoY
- Number of used passenger vehicles registered: 1H: Down 2.9% YoY /
2Q alone: Down 11.0% YoY
(Statistical data from the Japan Automobile Dealers Association)
KPIs
| Total volume of new loans: | 1H: Up 29.2% YoY / 2Q alone: Up 26.6% YoY |
| Total volume of automobile warranties: 1H: Up 12.3% YoY / 2Q alone: Up 2.7% YoY | |
Total volume of products developed in-house (automobile warranties): 1H: Up 29.0% YoY / 2Q alone: Up 21.6% YoY | ||
- Operating income: ¥10,104 million (up 20.5% YoY)
Performance | Profit before: ¥1,915 million (down 4.3% YoY) ※excluding one-offfactors (up 31.5% YoY) |
Future expected earnings (deferred profit): ¥33,124 million stocked on B/S (up 18.2% YoY) | |
Credit finance business: ¥27,566 million, Automobile warranty business: ¥5,272 million, Other businesses: ¥285 million |
- Selected for inclusion in JPX-Nikkei Mid and Small Cap Index
Topics Confirmed conformance with listing criteria of Prime Market, and resolution passed by
Board of Directors for transition application to Prime Market
4
Consolidated Performance
(Graph/table unit: millions of yen)
- Expansion of the three main businesses drove operating income higher by 20.5% YoY
- Even when factoring in one-off profit (gain on bargain purchase, etc.) in FY2020, profit attributable to owners of parent increased
FY21 1H | FY22 1H | YoY change |
Operating income | Profit before tax excluding | |
one-off factors | ||
Operating income | 8,386 | 10,104 | +20.5% |
Other income | 625 | 16 | -97.5% |
Includes gain on bargain | |||
purchase of ¥594 million | |||
Operating expenses | 6,944 | 8,216 | +18.3% |
Profit before tax | 2,001 | 1,915 | -4.3% |
Profit before tax of | 1,457 | 1,915 | +31.5% |
core business | |||
Profit attributable to | 1,313 | 1,358 | +3.4% |
owners of parent | |||
Basic earnings | 102.89 | 106.02 | +3.0% |
per share (yen) | |||
Up 20.5% YoY
10,104 | |
8,386 | One-off profit |
Gain on | |
bargain | |
purchase | |
FY21.2Q | FY22.2Q |
Up 31.5% YoY | ||
2,001 | 1,915 | |
545 | ||
1,457 | ||
FY21.2Q | FY22.2Q | 5 |
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