Idom sales rise 11% but profit falls 22%

Idom Inc reported net sales of 138.5bn yen for the three months ended May 31, up 11.2% year-on-year. However, operating profit fell 12.3% to 3.9bn yen, while profit attributable to owners dropped 21.5% to 2.3bn yen.

Despite declining used car auction prices, retail unit sales in Japan increased 12.9%. Total assets grew 7.4% to 236.2bn yen.