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UP Garage Group: Interim Report - 11th Fiscal Year (2024/04/01-2025/03/31)
UP Garage Group: Presentation of financial results for the 2nd quarter of the fiscal year ending March 31, 2025
UP Garage Group: Notice regarding revisions to dividend forecasts (dividends commemorating the 25th anniversary of the company's founding)
UP Garage Group: Summary of financial results for the 2nd quarter (interim period) for the fiscal year ending March 31, 2025 [Japanese GAAP] (consolidated)
Driven by the weak yen, the consumer spending of tourists visiting Japan in the first 9 months has reached a new high.
①Driven by the weakness of the Japanese yen, Japan's tourism industry is extremely hot in 2024; ②Data shows that as of September, international tourists spent 5.86 trillion yen in Japan (equivalent to 39.27 billion US dollars); ③This exceeded the consumption record of 5.3 trillion yen set for the full year of 2023.
Operation of a specialty store for buying and selling used car parts, with strong performance, expecting store expansion including overseas.
Up Garage Group <7134> operates a car and motorcycle supplies reuse business (direct store operation, franchise system operation, EC (e-commerce) site operation) and a distribution wholesale business. Approximately 60% of the previous period's revenue comes from the reuse business, and about 40% comes from the distribution wholesale business. In addition, by combining these with system development for business expansion, they are aiming to leap from a business focused on store expansion to one utilizing IT. Store sales are the mainstay in the reuse business.
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