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Summary of Recent Financial Results

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Summary of Recent Financial Results

Summary of Consolidated Financial Results for the 2nd Quarter of Fiscal Year Ending February 28, 2019 (Updated October 12, 2018)

◆IDOM- The number of retail cars sold decreased
The number of retail cars sold at directly managed stores decreased by 3.0% year on year to 61,123. Changes in pricing structure and sales strategy resulted in lower per store retail units and per unit gross profits. As a result, operating profits declined year on year.

◆IDOM- SG&A expenses
Selling, general and administrative expenses increased accompanying an increase in the number of stores. The advertising expenditures for purchasing business declined year on year.

◆Western Australian subsidiary
While the Western Australian new car market is bottoming out but remains sluggish, consolidated subsidiary Buick Holdings (DVG) showed improved results attributable to the increase in sales.