NEXTAGE Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended February 28, 2021
April 05, 2021 at 02:00 am
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NEXTAGE Co., Ltd. announced consolidated earnings results for the first quarter ended February 28, 2021. For the quarter, the company reported net sales of JPY 63,129 million against JPY 61,694 million a year ago. Operating profit was JPY 2,802 million against JPY 305 million a year ago. Profit attributable to owners of parent was JPY 1,959 million against JPY 71 million a year ago. Basic earnings per share was JPY 26.29 against JPY 0.95 a year ago. Diluted earnings per share was JPY 25.76 against JPY 0.90 a year ago. Profit before income taxes was JPY 2,736 million compared with JPY 207 million a year ago.
NEXTAGE Co., Ltd. is principally engaged in the dealing of used cars. The main businesses of the Company consist of used car store operation, maintenance, insurance agency and automobile dealing, as well as other services, such as used car export and car coating services. The used car store operation business is comprised of domestic general automobiles, light automobiles and imported automobiles. The maintenance business provides vehicle inspection and maintenance services. The insurance agency business offers automobile insurance as an insurance agency. The automobile dealing business mainly purchases vehicles that are no longer needed by its customers. The Company exports used cars mainly to developing countries and emerging countries in east Africa and Oceania. Through its subsidiary, it provides car coating services, which makes car bodies hydrophilic and durable to dirt, acid and ultraviolet degradation. It also involves in new car dealer operation business.
NEXTAGE CO., LTD. 
