International Conglomerate of Distribution for Automobile Holdings Co., Ltd.
3184・Standard Market・Retail Trade
International Conglomerate of Distribution for Automobile Holdings Co., Ltd.
3184・Standard Market・Retail Trade
Automobile Sales-Related Business
Core automobile sales and service segment based in Mie Prefecture
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥37,514 million | ¥35,930 million | ↑ |
| Segment profit (operating income) | ¥2,017 million | ¥1,887 million | ↑ |
| New vehicle sales units (total) | 6,274 units | 6,296 units | ↓ |
| New vehicle sales units (domestic) | 5,870 units | 5,970 units (down 1.7% YoY) | ↓ |
| New vehicle sales units (imported) | 404 units | 327 units (up 23.5% YoY) | ↑ |
| Used vehicle sales units | 9,891 units | 9,657 units | ↑ |
| Segment assets | ¥20,168 million | ¥16,618 million | ↑ |
Business Details
This segment is operated by Honda Cars Mie-Kita Co., Ltd. and Automall Co., Ltd. It covers new vehicle sales (domestic and imported), used vehicle sales, vehicle inspection and maintenance services, and automobile insurance agency operations. Consolidated net sales for FY2026 (ending March 2026) of ¥37,514 million accounted for 96.3% of the group's total, making it the core segment. Used vehicle sales remained solid due to existing-customer follow-up activities and the operation of new and renovated stores, offsetting the decline in the recycling business.
Recent Overview
Driven by used and imported vehicles, net sales grew 4.4% and segment profit grew 6.9%
In the Automobile Sales-Related Business for FY2026 (ending March 2026), net sales were ¥37,514 million (up 4.4% YoY) and segment profit was ¥2,017 million (up 6.9% YoY). Domestic new vehicle units declined 1.7% YoY due to rising vehicle prices, while imported vehicle units increased significantly by 23.5% to 404 units on improved product inventory availability. Used vehicles increased 2.4% to 9,891 units, contributed to by new and renovated stores. The service division also performed steadily. Land was acquired for headquarters function expansion and new store openings, increasing segment assets by ¥3,550 million YoY.
Key Products
Growth Drivers
- Securing domestic new vehicle orders through strengthened existing-customer follow-up activities (FY2027 (ending March 2027) plan: 5,850 domestic units, 450 imported units, 6,300 units total)
- Expanding used vehicle sales volume through continued operation of new and renovated stores (FY2027 (ending March 2027) plan: 10,300 units)
- Recovery of sales opportunities for imported vehicles (Volkswagen, Audi) through improved product inventory availability
- Building up recurring revenue through steady performance in the vehicle inspection and maintenance service division
- Strengthening the business foundation through capital investment such as land acquisition for headquarters function expansion and new store openings
Risks
- Risk of declining consumer purchase intent due to rising vehicle prices and interest rates (impact already evident in the 1.7% YoY decline in domestic new vehicle units)
- Risk of significant fluctuation in new vehicle sales volumes due to changes in manufacturer policy
- Risk to inventory valuation from sharp fluctuations in used vehicle auction market prices (merchandise and product inventory balances increased by ¥2,123 million YoY)
- Risk of changes in the sales environment due to industry restructuring (such as manufacturer consolidation) in the automobile sector
- Risk of market contraction due to the declining birthrate, aging population, spread of car-sharing, and waning interest in car ownership
- Risk of transformation of the conventional sales and maintenance business model due to accelerating EV adoption
- Risk of manufacturing sector performance deterioration and slowing personal consumption due to the effects of U.S. trade policy, Middle East conditions, and other factors
Last updated: June 19, 2026