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NextageNEXTAGE Co., Ltd.3186東証プライム小売業FY ending Nov 2025, consolidated, J-GAAP

Nextage FY ending Nov 2025 results

Nextage brought in ¥652.1B in revenue.

Out of every ¥100 of sales, about ¥3 is left as operating profit.

Revenue changed +18.0% from the prior year, operating profit +51.4%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +18.0% · profit +51.4%, calculated from disclosed figures.

Operating leverage: 2.86× (profit growth ÷ revenue growth)

What changed from last year

FY ending Nov 2024 → FY ending Nov 2025

Revenue
+18.0%¥552.8B → ¥652.1B
Gross profit
+13.7%¥98.7B → ¥112.2B
Operating income
+51.4%¥12.9B → ¥19.6B
Net income attributable to owners
+60.0%¥8.01B → ¥12.8B
Operating cash flow
+203.8%¥3.02B → ¥9.19B
Free cash flow
Back to profit-¥11.2B → ¥2.54B

Results at a glance

  • Revenue for the FY ending Nov 2025 was ¥652.1B, up 18.0% from ¥552.8B.
  • Gross profit grew more slowly, at 13.7%, yet operating income rose 51.4% to ¥19.6B and net income 60.0% to ¥12.8B.
  • Operating cash flow climbed to ¥9.19B, and free cash flow turned positive at ¥2.54B after a negative prior year.

What drove the change

  • Sales grew thanks to new store openings and more cars bought from customers.
  • Gross margin slipped because higher selling prices and shifting purchase costs pushed up the cost ratio, even though profit per car went up.
  • SG&A rose mainly on advertising and selling costs that came with higher sales and buying volumes.

Things to watch

  • Large stores need big roadside sites, so openings may not keep to plan.
  • Part of the retail stock comes from dealer auctions; fewer auction listings would make good cars harder to source.
  • A weaker economy could lower auction prices and force inventory write-downs, which would move margins.

Annual Securities Report (27th term) / Management's Analysis of Financial Position, Operating Results and Cash Flows · Annual Securities Report (27th term) / Business Risks

Where the money goes

FY ending Nov 2024 → FY ending Nov 2025

Where ¥100 of sales goes

For every ¥100 Nextage sells, how much goes where, and how much is kept.

FY ending Nov 2025
Cost of sales
¥83
SG&A
¥14
Operating profit
¥3
Net profit kept
¥2

Annual margin trends

Gross margin17.2%
FY ending Nov 2020: 18.2%18.2%FY ending Nov 2021: 19.5%19.5%FY ending Nov 2022: 17.7%17.7%FY ending Nov 2023: 18.7%18.7%FY ending Nov 2024: 17.8%17.8%FY ending Nov 2025: 17.2%17.2%FY20FY21FY22FY23FY24FY25
Operating margin3.0%
FY ending Nov 2020: 2.8%2.8%FY ending Nov 2021: 4.7%4.7%FY ending Nov 2022: 4.7%4.7%FY ending Nov 2023: 3.5%3.5%FY ending Nov 2024: 2.3%2.3%FY ending Nov 2025: 3.0%3.0%FY20FY21FY22FY23FY24FY25
Net margin2.0%
FY ending Nov 2020: 2.0%2.0%FY ending Nov 2021: 3.3%3.3%FY ending Nov 2022: 3.3%3.3%FY ending Nov 2023: 2.5%2.5%FY ending Nov 2024: 1.4%1.4%FY ending Nov 2025: 2.0%2.0%FY20FY21FY22FY23FY24FY25

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第27期(2024/12/01－2025/11/30)

    ID S100XM1X2026-02-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第26期(2023/12/01－2024/11/30)

    ID S100V9S32025-02-21Open

  • EDINET (FSA Japan)

    有価証券報告書－第25期(2022/12/01－2023/11/30)

    ID S100SXY62024-02-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第24期(2021/12/01－2022/11/30)

    ID S100QA8W2023-02-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第23期(令和2年12月1日－令和3年11月30日)

    ID S100NK2U2022-02-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第22期(令和1年12月1日－令和2年11月30日)

    ID S100KUO72021-02-22Open

Extracted from XBRL: 50 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

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