August 6, 2024
To All Stakeholders:CompanyRepresentative
Stock CodeListings
Contact

USS Co., Ltd.
Yukihiro Ando
Chairman and Representative Director4732
Prime Market, Tokyo Stock Exchange
Premier Market, Nagoya Stock Exchange
Masafumi Yamanaka
Executive Vice President,Officer, Supervisory Office(Tel +81-52-689-1129)

Notice of Revisions to Fiscal Year Forecasts and Dividend Forecast
The Board of Directors of USS Co., Ltd., approved a resolution on August 6, 2024, to revise the fiscal
year sales and earnings forecasts and the dividend forecast announced on May 8, 2024.
1. Revision of Consolidated Business Outlook(1) Consolidated business outlook for the first half of the fiscal year 2024
(April 1st, 2024 to September 30th, 2024)
Net sales

Operating profit

Ordinary profit(¥ million)(¥ million)(¥ million)

Profitattributable toowners of parent(¥ million)

Previous outlook (A)49,75024,90025,25016,900

Revised outlook (B)50,45025,84026,19017,860Change (B-A)

700

940

940

960

Change (%)

1.4%

3.8%

3.7%

5.7%

(Ref) Previous fiscal year’s
results (The first half ended
September 30, 2023)

48,093

23,77924,131

16,164(2) Consolidated business outlook for the full fiscal year 2024
(April 1st, 2024 to March 31st, 2025)
Number of
consignedvehicles

Number ofcontract
completions

Contract
completion
rateNetsales

OperatingprofitOrdinary
profit(¥ million)(¥ million)(¥ million)

Profitattributableto ownersof parent(¥ million)

Previous
outlook (A)Revised outlook(B)3,100,000

2,000,000

64.5%

101,900

51,50052,20035,0003,084,000

2,040,000

66.1%

102,600

52,50053,20036,000Change (B-A)- 16,000

40,000

1.6p

700

1,000

1,000

1,000

Change (%)- 0.5%

2.0%

―

0.7%

1.9%

1.9%

2.9%

(Ref) Previous
fiscal year’s
results (Yearended March 31,2024)

3,084,529

1,986,643

64.4%

97,60648,93749,65432,906

(3) Reasons for revisions
In the first quarter of the current fiscal year, the number of vehicles consigned at auctions decreased
primarily because of the safety test scandal at some Japanese automakers. However, there was a big
increase in the number of vehicles consigned at auctions as the demand for used vehicles increased
due in part to the shortage of new cars. As a result, first quarter sales, operating profit, ordinary profit
and profit attributable to owners of parent were higher than the forecast.
USS has revised the first half and fiscal year forecasts to reflect the first quarter results of operations.
Sales, operating profit, ordinary profit and profit attributable to owners of parent are all expected tobe higher than in the forecasts announced on May 8, 2024.
2. Revision of Dividend forecast(1) Dividend forecast
Dividends per share
End of 1H
Previous forecast(announced on May 8, 2024)

Revised forecastYear-end

Total

Consolidated
dividend
payout ratio

20.10 yen

20.10 yen

40.20 yen

55.2%

20.60 yen

20.60 yen

41.20 yen

55.0%

17.35 yen

20.35 yen

37.70 yen

55.1%

Current fiscal year
Previous fiscal year
(FY3/2024)

Note: There was a two-for-one stock split on April 1, 2024. The dividends for the fiscal year that
ended in March 2024 have been adjusted to reflect this split.
(2) Reasons for revisions
During the three-year period ending in March 2027, USS has established an earnings distribution
policy of maintaining a consolidated payout ratio of at least 55% and a total earnings distribution
ratio of at least 80%.
Based on this policy and the revised forecasts for sales and earnings, USS has revised the previous
dividend forecast of first half and year-end dividends of 20.10 yen each to 20.60 yen each.