Aucnet (3964) Q4 2025 earnings summary

Executive summary

• FY2025 net sales rose 14.7% YoY to ¥64,139 million; operating profit increased 35.9% to ¥9,518 million and net income rose 32.0% to ¥5,922 million.

• Lifestyle Products led growth; results also reflected 40th-anniversary costs and a ¥986 million impairment loss.

Financial highlights

• FY2025 ordinary profit was ¥9,522 million, up 32.1% YoY; comprehensive income was ¥5,874 million versus ¥4,838 million in FY2024.

• Operating margin expanded to 14.8% from 12.5%; ROE was 22.7% versus 18.7%.

• Operating cash flow was ¥12,745 million; investing and financing cash outflows were ¥1,068 million and ¥5,558 million, respectively. Year-end cash was ¥23,104 million.

• Total assets were ¥50,782 million and net assets were ¥26,623 million; the equity ratio was 51.9%.

Outlook and guidance

• FY2026 guidance: net sales ¥71,000 million (+10.7%), operating profit ¥11,000 million (+15.6%), ordinary profit ¥10,850 million (+13.9%) and net income ¥7,200 million (+21.6%).

• Blue Print 2027 EBITDA target was raised to ¥13.5 billion; ROE target remains 15–20%, payout-ratio target is at least 50%, and long-term GCV target remains ¥1 trillion.

• Growth plans include stronger sourcing and buyer networks, auction platform reforms, consumer-app rollout, and expanded vehicle inspections and membership; FY2026 Q1 profit is expected to decline on branding and system costs.