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Recent Trends

Monthly Data


Notice of termination of monthly data disclosure


IDOM Inc. (the “Company”) announces that it has decided to terminate the disclosure of monthly data on the number of directly managed stores and unit sales that it has been posting on the Investor Relations information page of its corporate website, after the posting of the monthly data for March 2021.

Trends in its consolidated operating performance have begun to reflect an increasing number of variable factors other than the information posted on monthly data, primarily due to the change of the Company’s business model from the previous purchase/wholesale model to the retail model and the growth of our domestic and foreign subsidiaries’ businesses. In these circumstances, the Company believes that disclosing only a limited amount of monthly data is incomplete and may be misleading if used to gauge progress in consolidated operating performance.

Going forward, the Company plans to provide detailed explanatory materials for quarterly business results. In addition, the Company will enhance the disclosure of information in various disclosure materials. In particular, the Company will strive to disclose easy-to-understand non-financial information from a medium- to long-term perspective.

Notes

  • Total number of car sales at directly managed stores=Total of the number of cars sold directly to consumers and the number of cars sold at auction sites, and other locations.
  • Number of cars retailed at directly managed stores=the number of cars sold directly to consumers from among the above.

FAQs

Is the “Total number of car sales at directly managed stores” more-or-less the same as the “Number of cars purchased at directly managed stores”?
There are some cases where the number of car sales at directly managed stores doesn’t match with the number of cars purchased at directly managed stores, such as when vehicles purchased by an affiliated store are sold through a directly managed store, and so forth (the number of car sales at directly managed stores is larger).
What is the standard for accounting for the number of car sales at directly managed stores?
Retail sales are recorded on the date of delivery, which is usually one month after the customer makes a contract.
Wholesale sales are recorded on the day that the car is sold at auction.