During the nine months ended December 31, 2024, the Japanese economy showed some positive factors such as improvements in employment and income conditions, and an increase in demand from travelers to Japan. However, the future outlook remains uncertain, particularly regarding personal consumption, due to the continued weak yen leading to rising energy costs and raw material prices, resulting in sustained high prices.
In the auto parts and accessories industry, in which the Company operates, in-store sales of expendable auto parts such as tires, oil, and batteries progressed steadily, driven by driving demand for travel and homecoming visits.
In this environment, the Group continued to expand sales of expendable auto parts, particularly tires, which is one of our management strategies, and enhanced maintenance service options, including installation and maintenance services.
Specifically, as part of our ongoing efforts to improve customer convenience and satisfaction, we added battery replacement services and vehicle inspection estimates to our online appointment system, which already included oil changes, tire replacements, and body coating services.
As a result, the Group achieved record highs in net sales, operating profit, ordinary profit, and profit attributable to owners of parent, with the following financial position and operating results for the nine months ended December 31, 2024.

In the nine months ended December 31, 2024, net sales amounted to 119,149 million yen (104.9% year-on-year, or up 5,594 million yen) due to strong sales of expendable auto parts, such as tires, oil, and batteries, an increase in wage earnings, and other factors. Gross profit was 51,646 million yen (106.6% year-on-year, or up 3,209 million yen), reflecting a higher growth rate in wage earnings, which has a high gross profit margin.
Selling, general and administrative expenses amounted to 38,526 million yen (105.6% year-on-year, or up 2,056 million yen), primarily owing to an increase in personnel costs.
As a result, operating profit was 13,119 million yen (109.6% year-on-year, or up 1,153 million yen), ordinary profit was 14,202 million yen (107.7% year-on-year, or up 1,011 million yen), and profit attributable to owners of parent was 9,727 million yen (108.4% year-on-year, or up 750 million yen).

As for the breakdown of net sales by key division, the Retail Division recorded net sales of 76,161 million yen (107.5% year-on-year, or up 5,346 million yen), while the Wholesale Division recorded net sales of 35,643 million yen (100.4% year-on-year, or up 157 million yen).

Although the Japanese economy is showing some positive factors such as improvements in employment and income conditions, and an increase in demand from travelers to Japan, it is likely that the future outlook will remain uncertain, particularly regarding personal consumption, due to the continued weak yen leading to rising energy costs and raw material prices, resulting in sustained high prices. Nevertheless, given these circumstances, the Group will continue further reinforcing its business foundations to increase earnings through its efforts including the expansion of the automotive parts sales business, which is the main source of the Group’s earnings.
We look forward to your continued warm support and guidance.

February 2025
Yasuo Horie
(Representative Director and Chairman)
Akio Kimura
(Representative Director and President)