Apple Research Memo (10): Standard annual ordinary dividend per share doubled from 5 yen to 10 yen

■Shareholder Return Measures Apple International ＜2788＞ recognizes return of profits to shareholders as an important management issue while strengthening its management base. The basic policy is to pay attention to the continuation and maintenance of stable dividends, and to endeavor to return profits after comprehensively considering business plans, financial conditions, performance, return on shareholders' equity, dividend payout ratio, etc. Based on this policy, the dividend per share was 5.0 yen per year for 3 consecutive terms until the 2022/12 fiscal year. The company's

Fisco JapanMay 27 03:10 ET

Apple Research Memo (7): Testing Advanced Initiatives Overseas with Fast Changes (1)

■Medium- to Long-Term Growth Strategy Apple International ＜2788＞ has set a policy of tilting management resources towards overseas markets where the used car distribution market continues to develop, particularly Southeast Asia, while aiming for stable growth with a cautious stance in the domestic market, which is expected to continue to shrink in the future. In the used car export business, we are adopting a growth strategy to respond to consumer needs and expand business performance by partially compensating for supply shortages from Japanese manufacturers that have not been resolved even after COVID-19. Also, an automobile market in Southeast Asia

Fisco JapanMay 27 03:07 ET

Apple Research Memo (5): Secured ordinary profit exceeding 1 billion yen even though profit declined in the 2023/12 fiscal year (2)

■Performance Trends 3. Financial Status and Management Indicators (1) Balance Sheet The total assets of Apple International ＜2788＞ at the end of the 2023/12 fiscal year increased 914 million yen from the end of the previous fiscal year to 16,871 million yen. Since sales recording standards for the used car export business were changed from conventional shipping standards to payment standards by applying “accounting standards relating to profit recognition” etc. in the previous fiscal year, accounts receivable for current assets decreased, and products increased. In the 2023/12 fiscal year, we will prepare for risks in the purchasing environment and compete

Fisco JapanMay 27 03:05 ET

Apple Research Memo (2): Developing the two pillars of used car export business and used car purchase and sale business (1)

■Company Overview and Business Description 1. Company Overview Apple International ＜2788＞ began a used car export business to Southeast Asian countries in 1996 as a pioneer in used car exports. After that, in addition to the used car purchase and sale business, it also played a part in the automobile distribution market, such as carrying out an auto auction business. Overseas, we are developing new businesses due to the trust we have built up and the expansion of human networks. Currently, the main body of the company group exports used cars from Japan

Fisco JapanMay 27 03:02 ET

Apple --- testing advanced initiatives overseas and preparing for major changes in the automotive industry

Apple International ＜2788＞'s main business is used car exports from Japan, and its consolidated subsidiary operates a franchise chain headquarters for the used car purchase and sale business within Japan, a group company operates the purchase store “Apple” directly managed stores as member stores, and affiliated companies applying the equity method are developing the auto auction business in Thailand. Gather knowledge in dynamically changing overseas markets rather than domestic markets where changes are scarce, and develop management strategies to deal with drastic changes in the automobile industry

Fisco JapanMay 27 00:54 ET

Apple International--1Q saw a 2-digit increase in sales and profit, and automobile sales-related businesses showed strong sales

Apple International ＜2788＞ announced consolidated financial results for the 1st quarter (January to March 24) of the fiscal year ending 2024/12 on the 10th. Sales increased 67.4% from the same period last year to 13.378 billion yen, operating profit increased 55.3% to 488 million yen, ordinary profit increased 45.5% to 548 million yen, and quarterly net profit attributable to parent company shareholders increased 40.6% to 424 million yen. As before, the company group is centered around Southeast Asian countries, etc. where the automobile market is expected to expand,

Fisco JapanMay 16 21:41 ET