USS Co., Ltd. · Year ended March 2026 (FY2025)

Bulk-seller rebates and a higher terminal buyer fee at USS.

USS operates member-only used-car auctions where vehicle businesses buy and sell cars. In April 2025, it raised the buyer fee for USS JAPAN, its dedicated-terminal service for joining auctions remotely. Results for the year ended March 2026 show lower average fees on the selling side. Following the tariff and the realized averages reveals the different terms connecting sellers and buyers in one auction.

An unlabelled bidding terminal and blank consignment papers in front of used cars on a transporter, a car in the handling yard and workers

A terminal-fee increase alongside lower average seller fees

Putting a car up for sale and completing its sale are separate services

Seller and buyer fees around the same car

Member businesses join the auction. Putting a car up for bidding and completing its sale trigger different fees.

Selling member

A seller with a car and consignment papersA selling member consigns a car to the auction.
Consign

USS runs the auction

A car offered for bidding at an auction venueUSS operates the auction for members’ cars. This does not depict USS buying the vehicle.
Bid

Buying member

A buyer joining an auction through a terminalA buying member places bids. The terminal is one access example, not a tariff or screen specification.

When the car is put up for bidding

SellerEntry feeUSS

The outcome then separates the paths

A car and check mark representing a completed saleWhen successfully sold, the seller completion fee and the buyer fee are recognized.

If successfully sold

SellerCompletion feeUSS

BuyerBuyer feeUSS

A car without a completed saleNot every auction entry sells. Consignments and completed contracts are different counts.

If not sold

Unsuccessful consignments still count in the denominator of the average entry fee.

Arrows show consignment, bidding and who pays fees to USS. They do not show vehicle payments, ownership or delivery. The realized fee averages cannot be added into one car’s bill.

Fee payers p.35 (Japanese)Revenue recognition p.85 (Japanese)

On-site and remote access share a membership system

WHO PAYS, AND WHEN

Fees for putting a car up for auction and completing its sale

Seller and buyer fees around the same car, separated by their triggers and average-fee denominators.

A member auction for used-vehicle businessesUSS runs the bidding from consignment to sale
  1. Seller: car put up for biddingEntry fee arises. Average denominator: consignments
  2. Seller: car successfully soldCompletion fee arises. Average denominator: completed contracts
  3. Buyer: successful bidBuyer fee arises. Average denominator: completed contracts
  4. Access: on-site, CIS and USS JAPANCIS and USS JAPAN both require existing on-site membership

Behind the auction, moving cars carries a growing cost

THE VIEW AFTER THE NUMBERS

What the numbers suggest

USS provides different services and charges for the selling and buying sides of an auction. In the year ended March 2026, a dedicated-terminal buyer-fee increase sat alongside lower average seller fees reflecting large-consignor rebates.

Entries and completed transactions grew within a membership system connecting venue and remote access. So did the costs of moving those cars and operating the venues. Read together, the tariffs, participating members and physical handling work explain the structure behind USS’s auction-fee revenue.

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This is not investment advice or a stock recommendation. We reorder company-published primary-source facts to make the shape of the business easier to see.

Primary sources used

46th Annual Securities Report (Japanese)

USS Co., Ltd. · 2026-06-22

Pages used: p.24 / p.26 / p.85 / p.120

Open source →

FY2025 Results Presentation (Japanese)

USS Co., Ltd. · 2026-05-13

Pages used: p.11 / p.36

Open source →

FY3/2026 Results Briefing Q&A Summary (Japanese)

USS Co., Ltd.

Pages used: p.1

Open source →

DATA BOOK 2026.3

USS Co., Ltd. · 2026-05-12

Pages used: p.17 / p.26-28

Open source →

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