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Apple International Co., Ltd. logo

Apple International Co., Ltd.

2788.T

JPXConsumer CyclicalAuto - Dealerships

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Latest quote

¥429

+¥4.00 · +0.94%

Aug 25, 9:39 AM JST

2788.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Specializing in the pre-owned vehicle market, Apple International Co., Ltd. conducts the acquisition, sale, and global export of used cars. Beyond its direct trading activities, the company extends its operations to include a used car franchise system and the running of automotive auctions. Established in 1996, the firm's principal office is located in Yokkaichi, Japan.

Industry
Auto - Dealerships
Sector
Consumer Cyclical
Headquarters
JP
CEO
Yoshinobu Kubo
Listed since
Dec 1, 2003
Employees
83

Market position

Day range

Current ¥429

52-week range

Current ¥429

Open
¥426
Previous close
¥425
Volume
30.2K
0.76× average
Average volume
39.86K
Average daily volume
Market cap
5.54B JPY
Beta
-0.67
Market reference 1
50-day average
¥384.24
+11.65% above average
200-day average
¥357.41
+20.03% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.74B JPY
P/E (TTM)
4.46×
P/B (TTM)
0.52×
P/S (TTM)
0.12×
EV / EBITDA
16.15×
Earnings yield
18.20%
Free cash flow yield
-2.16%
Dividend yield
2.33%

Profitability & efficiency

Gross margin
7.40%
Operating margin
1.80%
Net margin
2.66%
Return on equity
7.67%
Return on assets
3.84%
Return on invested capital
1.76%

Financial health

Debt / equity
0.84×
Current ratio
2.41×
Altman Z-score
3.38
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends13%9%4%-0%Gross margin, FY2021: 10.48%Gross margin, FY2022: 12.14%Gross margin, FY2023: 11.17%Gross margin, FY2024: 8.73%Gross margin, FY2025: 7.40%Operating margin, FY2021: 1.73%Operating margin, FY2022: 4.99%Operating margin, FY2023: 3.55%Operating margin, FY2024: 3.14%Operating margin, FY2025: 1.05%Net margin, FY2021: 2.16%Net margin, FY2022: 4.55%Net margin, FY2023: 3.26%Net margin, FY2024: 2.74%Net margin, FY2025: 1.93%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 10.48%. Gross margin FY2022 12.14%. Gross margin FY2023 11.17%. Gross margin FY2024 8.73%. Gross margin FY2025 7.40%. Operating margin FY2021 1.73%. Operating margin FY2022 4.99%. Operating margin FY2023 3.55%. Operating margin FY2024 3.14%. Operating margin FY2025 1.05%. Net margin FY2021 2.16%. Net margin FY2022 4.55%. Net margin FY2023 3.26%. Net margin FY2024 2.74%. Net margin FY2025 1.93%.

Income trends

Revenue

40.81B JPY-6.82%

Operating income

430.47M JPY-68.69%

Net income

787.81M JPY-34.27%
Income trends across reported periods48.14B JPY30.75B JPY13.37B JPY−4.02B JPYRevenue, FY2021: 18.66B JPYRevenue, FY2022: 29.22B JPYRevenue, FY2023: 30.91B JPYRevenue, FY2024: 43.8B JPYRevenue, FY2025: 40.81B JPYOperating income, FY2021: 323.54M JPYOperating income, FY2022: 1.46B JPYOperating income, FY2023: 1.1B JPYOperating income, FY2024: 1.37B JPYOperating income, FY2025: 430.47M JPYNet income, FY2021: 403.36M JPYNet income, FY2022: 1.33B JPYNet income, FY2023: 1.01B JPYNet income, FY2024: 1.2B JPYNet income, FY2025: 787.81M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 18.66B JPY. Revenue FY2022 29.22B JPY. Revenue FY2023 30.91B JPY. Revenue FY2024 43.8B JPY. Revenue FY2025 40.81B JPY. Operating income FY2021 323.54M JPY. Operating income FY2022 1.46B JPY. Operating income FY2023 1.1B JPY. Operating income FY2024 1.37B JPY. Operating income FY2025 430.47M JPY. Net income FY2021 403.36M JPY. Net income FY2022 1.33B JPY. Net income FY2023 1.01B JPY. Net income FY2024 1.2B JPY. Net income FY2025 787.81M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue40.81B JPY43.8B JPY30.91B JPY29.22B JPY18.66B JPY
Cost of goods sold37.79B JPY39.97B JPY27.46B JPY25.68B JPY16.71B JPY
Gross profit3.02B JPY3.82B JPY3.45B JPY3.55B JPY1.96B JPY
Selling, general, and administrative2.59B JPY2.45B JPY2.42B JPY2.09B JPY1.63B JPY
Operating expenses2.59B JPY2.45B JPY2.35B JPY2.09B JPY1.63B JPY
Interest income5.46M JPY1.42M JPY1.17M JPY4.14M JPY2.97M JPY
Interest expense97.07M JPY68.75M JPY46.33M JPY35.77M JPY43.03M JPY
Depreciation and amortization48.98M JPY68.95M JPY61.4M JPY76.59M JPY81.58M JPY
Operating income430.47M JPY1.37B JPY1.1B JPY1.46B JPY323.54M JPY
Net income787.81M JPY1.2B JPY1.01B JPY1.33B JPY403.36M JPY

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
14

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates37.4125.513.591.68Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 26.74, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual 13.93, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual 6.26, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 1.98, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 14, 2025: actual 18.24, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 34.79, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 28.98, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 10, 2026: actual 14, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates13.95B12.06B10.18B8.29BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 10.38B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual 10.27B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual 9.86B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 8.83B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 14, 2025: actual 10.84B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 11.28B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 13.41B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 10, 2026: actual 10.99B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥10.00

2025 complete year+100.0% since 2021

Corporate action history

DividendUpcoming

Ex-dividend Dec 29, 2026

¥10.00

Annual

Record Dec 31, 2026 · Payment Dec 29, 2026

Dividend

Ex-dividend Dec 29, 2025

¥10.00

Annual

Record Dec 31, 2025 · Payment Mar 30, 2026

Dividend

Ex-dividend Dec 27, 2024

¥15.00

Special

Record Dec 31, 2024 · Payment Mar 1, 2025

Dividend

Ex-dividend Dec 28, 2023

¥15.00

Special

Record Dec 31, 2023 · Payment Mar 29, 2024

Dividend

Ex-dividend Dec 29, 2022

¥5.00

Annual

Record Dec 31, 2022 · Payment Mar 27, 2023

Dividend

Ex-dividend Dec 29, 2021

¥5.00

Annual

Record Dec 31, 2021 · Payment Mar 28, 2022

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