Premium Group Co., Ltd. TSE:7199
Premium : Financial Results Presentation for Q3 of FY Ending March 31, 2022
Source: MarketScreener
Financial Results Presentation
for Q3 of FY Ending March 31, 2022
February 1, 2022
TSE First Section: 7199 Premium Group Co., Ltd.
1. | Summary of Financial Results for Q3 | P. 3 |
2. Segment Overview | P. 9 | |
3. | Other Topics | P. 15 |
4. Appendix | P. 18 |
2
1. Summary of Financial Results for Q3
Highlights from Q3 of FY Ending March 31, 2022
- Markets of both new and used passenger vehicles have bottomed out despite the ongoing decline in inventory and soaring prices for used cars
- Both credit finance and automobile warranty segments recorded growth in volume that outpaced the market, despite the negative impacts
- The strong performance of our three core businesses resulted in higher revenue and profits
Market
◼ Number of new passenger vehicles registered: Q3 YTD : Down 5.5% YoY
Q3 alone : Down 18.5% YoY
- Number of used passenger vehicles registered: Q3 YTD : Down 4.8% YoY Q3 alone : Down 8.6% YoY
(Statistical data from the Japan Automobile Dealers Association)
KPIs
Performance
Topics
- Total volume of new loans: 3Q YTD: Up 25.4% YoY / ３Q alone: Up 18.2% YoY
- Total volume of automobile warranties: Q3 YTD: Up 14.4% YoY / Q3 alone: Up 17.3% YoY
Total volume of products developed in-house (automobile warranties): Q3 YTD: Up 29.6% YoY / Q3 alone: Up 30.7% YoY
- Operating income: ¥15,331 million (up 19.9% YoY)
- Profit before tax: ¥2,920 million (up 4.3% YoY) (Up 28.1% YoY when excluding one-offfactors)
- Future expected earnings (deferred profit): ¥34,391 million stocked on B/S (up 18.8% YoY)
Credit finance business: ¥28,597 million, Automobile warranty business: ¥5,486 million, Other businesses: ¥308 million
- Profit before tax revised upward to ¥3,900 million in the full-year earnings forecast and the annual dividend will increase to ¥51
- Transition to Prime Market from April 4, 2022
- Organizational restructuring and execution of long-term financing for the Group's medium- to long-termgrowth and enhancement of corporate value
4
Consolidated Performance
(Graph/table unit: millions of yen)
- Expansion of the three core businesses drove operating income higher by 19.9% YoY to ¥15,331 million
- Profit before tax increased 4.3% YoY to ¥2,920 million due to steady growth in operating income and operating expense reduction
- Profit before tax of core business excluding one-off factors was up 28.1% YoY
FY21 Q3 YTD | FY22 Q3 YTD | YoY | |
change | |||
Operating income | 12,788 | 15,331 | +19.9% |
Other income | 653 | 49 | -92.5% |
Includes gain on bargain | |||
purchase of ¥594 million | |||
Operating expenses | 10,602 | 12,494 | +17.8% |
Profit before tax | 2,799 | 2,920 | +4.3% |
Profit before tax of | 2,279 | 2,920 | +28.1% |
core business | |||
Profit attributable to | 1,835 | 2,047 | +11.5% |
owners of parent | |||
Basic earnings | 143.86 | 159.75 | +11.1% |
per share (yen) | |||
Operating income | Profit before tax excluding | |
one-off factors | ||
Up 19.9% YoY | Up 28.1% YoY |
15,331 | 2,799 | 2,920 | ||
One off profit, | 520 | |||
12,788 | ||||
Gain on | ||||
bargain | ||||
purchase | 2,279 | |||
FY21 Q3 YTD | FY22 Q3 YTD | FY21 Q3 YTD | FY22 Q3 YTD | 5 |
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