USS Co ( (USSJF) ) has released its Q2 earnings. Here is a breakdown of the information USS Co presented to its investors.
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USS Co., Ltd., a prominent player in the Japanese automotive auction and used vehicle sales industry, has released its financial results for the first half of the fiscal year 2025. The company operates primarily in the auto auction sector, with additional ventures in used vehicle sales, recycling, and other related businesses.
In the latest earnings report, USS Co. reported a notable increase in net sales, reaching ¥53,979 million, a 7.0% rise compared to the same period last year. The company also saw an improvement in operating profit, which grew by 9.4% to ¥28,709 million, and ordinary profit rose by 9.2% to ¥29,041 million. Profit attributable to owners of the parent company increased by 10.0%, amounting to ¥19,951 million.
Key financial metrics reveal a strong performance, with basic earnings per share climbing to ¥42.67 from ¥37.75 in the previous year. Additionally, the equity-to-asset ratio improved to 78.0%, reflecting a solid financial position. The company also announced an increase in its annual dividend forecast, projecting a total of ¥51.40 per share for the fiscal year ending March 31, 2026.
Looking ahead, USS Co. has revised its earnings forecast for the fiscal year ending March 31, 2026, anticipating net sales of ¥111,800 million, a 7.5% increase year-on-year. The company expects operating profit to reach ¥57,400 million and ordinary profit to be ¥58,100 million, with profit attributable to owners of the parent projected at ¥39,650 million. This optimistic outlook underscores USS Co.’s strategic initiatives and robust market position.