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Nextage

Full company profile

uuid003j7ch

Namestring
Nextage
Legal namestring
株式会社ネクステージ
Websiteurl
nextage.jp
Company typeenum
Public
Founded yearint
1996
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersNagoya, Japan
HQ citystring
Nagoya
HQ countrystring
Japan
HQ regionstring
Asia
Markets served

Serves global market

Offices11 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
used car retail, vehicle sales, automotive dealer, vehicle inspection, import car dealer
Industry1 code
1Vehicle Inspection, Grading & Condition Reporting Services
CodeTLABAKAEPrimaryNo
NAICS code1 code
  • Used Car Dealers44112
SIC code1 code
  • Retail-Auto Dealers & Gasoline Stations5500
Product category
Used Car Retail
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model5 records
1Vehicle Sales
TypeOne Time License
Description

Primary revenue from selling used and new vehicles at retail showrooms. One-time transaction-based sales model with prices ranging from under 50万 yen to over 400万 yen.

nextage.jp:443
2Vehicle Inspection and Maintenance Services
TypeProfessional Services
Description

Inspection (点検), maintenance, vehicle inspection (車検) services, and related automotive services at their nationwide stores.

nextage.jp:443
3Extended Warranty Plans
TypeSubscription Recurring
Description

Optional warranty packages including 3-year plans covering 401 items for domestic vehicles and 320 items for import vehicles, with unlimited mileage coverage.

nextage.jp:443
4Vehicle Purchase/Trade-in Services
TypeTransaction Fee
Description

Customer vehicle purchase and appraisal services (買取・査定), including on-site and home-visit appraisals.

nextage.jp:443
5Insurance Agency
TypeProfessional Services
Description

Automobile insurance agency services as part of their one-stop car lifecycle services.

nextage.jp:443
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D
Pricing details2 tiers
1Standard used car pricing by vehicle - prices vary by inventory
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Prices range from 50万円以下 to 400万円以上 depending on vehicle type, age, mileage, and condition. Each vehicle listed with specific price on website.

nextage.jp:443
2Service Support Warranty Plan - optional extended warranty
ModelSubscriptionBilling cadenceMulti-year contract
Notes

Optional warranty packages available: 3-month/3,000km for domestic vehicles (free), 1-month unlimited for imports (free). Paid plans extend to 3 years with 401 items coverage (domestic) and 320 items (imports). 10-year warranty also available for long-term ownership.

nextage.jp:443
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 of 3 records shown
1SUV LAND
Description

SUV specialty store with camping/outdoor lifestyle focus, featuring log house-style showroom and tent displays

nextage.jp:443
+2 more records
Core offering1 text field

Nextage operates a nationwide Japanese used car retail platform with approximately 32,682 vehicles in inventory across 300+ stores in all prefectures, selling new and pre-owned domestic and imported vehicles. It supplements vehicle sales with purchase/appraisal (kaitori), vehicle inspection (shaken), maintenance, warranty plans, and automobile insurance agency services, plus authorized dealerships for seven premium import brands.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Zero accident/flood/tampered vehicles in inventory - all vehicles pass third-party quality inspection
+1 more record
Product overview1 text field

NEXTAGE (株式会社ネクステージ) operates a diversified automotive retail platform centered on used car sales with a multi-brand, multi-channel strategy. The core offering is the ネクステージ platform (https://www.nextage.jp), a nationwide used car sales and services marketplace with approximately 32,682 vehicles in inventory, offering vehicle sales, purchasing/appraisal, inspection reservations, maintenance, warranty plans, and insurance. This core platform is supplemented by sub-brands: SUV LAND (outdoor/SUV-focused specialty), UNIVERSE (imported vehicle specialty enabling cross-brand test drives), and seven authorized dealer brands (Volvo, Maserati, Jaguar, Land Rover, Volkswagen, Audi, BMW, BYD AUTO). Additional service modules include proprietary warranty plans (ネクステージ保証プラン, ネクステージサービスサポート), nationwide sourcing (お取り寄せサービス), an online inventory search tool (ネクステージ在庫検索), complimentary oil changes (無料オイル交換), the discontinued ネクステージコネクト companion app, the SUV FREAKS lifestyle community, and the ネクステージストック business portal. The group also operates subsidiaries covering import dealers, rental car services, detailing, and vehicle logistics.

Product and service11 records
1NEXTAGE Used Car Sales Platform
CategoryVehicle sales
Description

Nationwide used and new vehicle sales platform with approximately 32,682 vehicles in inventory, accessible across 300+ stores in every Japanese prefecture for individual consumers.

2NEXTAGE Authorized Dealer Operations
CategoryVehicle sales
Description

Authorized dealership operations for seven imported brands (Volvo, Maserati, Jaguar, Land Rover, Volkswagen, Audi, BMW, BYD AUTO), offering new vehicles and certified pre-owned programs.

3SUV LAND Specialty Stores
CategoryVehicle sales
Description

SUV-focused specialty retail format featuring camping/outdoor-themed showroom experiences and lifestyle-oriented vehicle sales.

4UNIVERSE Imported Vehicle Specialty Stores
CategoryVehicle sales
Description

Large-format imported vehicle specialty stores allowing side-by-side comparison of same body types across different import brands.

5Vehicle Purchase and Appraisal Services
CategoryVehicle purchase/appraisal
Description

Customer vehicle buying and appraisal services with on-site and home-visit appraisal options, providing trade-in and direct purchase of used vehicles.

6Vehicle Inspection (Shaken) Services
CategoryVehicle inspection and maintenance
Description

Mandatory vehicle inspection services (車検) along with maintenance (点検) services at nationwide stores with online reservation and pricing tools.

7NEXTAGE Warranty Plans
CategoryWarranty services
Description

Extended warranty programs including complimentary coverage for domestic vehicles (3 months/3,000 km) and imported vehicles (1 month unlimited mileage), with paid plans covering up to 401 items for 3 years with unlimited mileage; a 10-year warranty is also available for long-term ownership.

8NEXTAGE Service Support Maintenance Pack
CategoryMaintenance services
Description

Optional paid maintenance pack providing extended warranty coverage, free periodic inspections, and roadside assistance beyond standard warranty terms.

9Vehicle Sourcing Service
CategoryVehicle sourcing
Description

Nationwide vehicle sourcing service enabling customers to order any vehicle from group stores across Japan to their nearest location.

10Free Oil Change Service
CategoryMaintenance services
Description

Complimentary engine oil change service offered to customers as a periodic maintenance benefit.

11Automobile Insurance Agency
CategoryInsurance services
Description

Automobile insurance agency services offered as part of Nextage's one-stop car lifecycle services.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership8 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Nextage operates authorized Jaguar and Land Rover dealerships at multiple locations (Makuhari, Yokohama Kohoku, Hamamatsu, Tenpaku, Suzuka, Osaka East). They won the Jaguar-Land Rover Academy service contest 4 times, indicating deep partnership and technical training collaboration.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Nextage operates authorized Maserati dealerships at 3 locations (Sendai, Nagoya Interchange, Koto/Tokyo). They offer Maserati CPO (Certified Pre-Owned) vehicles with 121-point inspections and 2-year warranties.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Nextage operates multiple Volvo dealerships (Volvo Cars Hiratsuka, Konandai, Kamakura, Sagamihara, Ota-Kawasaki, Toyama, Fukui, Korien) under the brand 'ボルボ・カー' and 'ボルボ・セレクト'

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Nextage operates authorized Volkswagen dealerships (Osaka Hirakata, Osaka Joto) with new vehicle sales and service

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Nextage operates multiple Audi dealerships (Konandai, Tomei Kawasaki, Totsuka, Shonan, AAA Shonan) plus 'Audi Approved Automobile' certified pre-owned program

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Nextage operates BMW and BMW Premium Selection dealerships (Narumi, Owarisashi, Yagochi) in Nagoya area, plus ALC MOTORS for MG brand

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Nextage operates BYD AUTO dealership (Ikebukuro location) for BYD electric vehicles

Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Nextage Group company ALC MOTORS operates MG brand dealerships. Group company: 株式会社エー・エル・シー (ALC), 静岡県沼津市, Authorized MG dealer

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers8 records
TypeBroad incumbent
2WECARS (formerly Big Motor)
TypeDirect peer
Description

Major Japanese used car retailer that emerged from the 2023 Big Motor scandal/restructuring. Operates a nationwide showroom model directly competing with Nextage for used car and post-sale service share.

TypeOthers
Description

Japan's largest operator of used car auction halls, providing B2B vehicle remarketing infrastructure. Comparable as a key supply-side counterpart in the Japanese used car ecosystem that Nextage interacts with for inventory sourcing.

TypeBroad incumbent
Description

Large Japanese financial services group with significant auto leasing, rental, and used car (ORIX U-Car) operations. Comparable as a broader incumbent with capital and balance sheet strength, plus adjacency in fleet remarketing and leasing.

TypeDirect peer
Description

Japan's other major nationwide used car superstore chain with hundreds of locations. Most directly comparable competitor in retail format, vehicle mix, and customer base.

TypeBroad incumbent
Description

Japan's largest auto parts and accessories retail chain that also purchases used cars from consumers. Comparable for the parts/accessories retail ecosystem and as a competing used car buyer at the supply side.

TypeEmerging player
Description

Leading Japanese online used car listing and marketplace platform. Competes with Nextage's e-commerce channel by aggregating inventory across many dealers and shifting pricing transparency toward consumers.

TypeEmerging player
Description

Operates Goo-net, one of Japan's largest online used car information platforms with pricing/valuation data. Competes on discovery and price discovery rather than direct retail, but shapes consumer expectations that affect Nextage's showroom conversion.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries10 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Nextage

Used Car Retailnextage.jp

Nextage firmographics

Firmographics
Name
Nextage
Legal name
株式会社ネクステージ
Website
https://nextage.jp
Company type
Public
Founded year
1996
Operating status
Operating
Headcount range
5,001–10,000 employees
Ownership category
akta.pro rank

Where Nextage is headquartered

Location

Headquarters

HQ city
Nagoya
HQ country
Japan
HQ region
Asia

Offices11 records

Markets served

Nextage business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

  1. Vehicle Sales: Primary revenue from selling used and new vehicles at retail showrooms. One-time transaction-based sales model with prices ranging from under 50万 yen to over 400万 yen.
  2. Vehicle Inspection and Maintenance Services: Inspection (点検), maintenance, vehicle inspection (車検) services, and related automotive services at their nationwide stores.
  3. Extended Warranty Plans: Optional warranty packages including 3-year plans covering 401 items for domestic vehicles and 320 items for import vehicles, with unlimited mileage coverage.
  4. Vehicle Purchase/Trade-in Services: Customer vehicle purchase and appraisal services (買取・査定), including on-site and home-visit appraisals.
  5. Insurance Agency: Automobile insurance agency services as part of their one-stop car lifecycle services.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goStandard used car pricing by vehicle - prices vary by inventory
SubscriptionMulti-year contractService Support Warranty Plan - optional extended warranty

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Nextage product offering

Product offering

Core offering

Nextage operates a nationwide Japanese used car retail platform with approximately 32,682 vehicles in inventory across 300+ stores in all prefectures, selling new and pre-owned domestic and imported vehicles. It supplements vehicle sales with purchase/appraisal (kaitori), vehicle inspection (shaken), maintenance, warranty plans, and automobile insurance agency services, plus authorized dealerships for seven premium import brands.

Product overview

NEXTAGE (株式会社ネクステージ) operates a diversified automotive retail platform centered on used car sales with a multi-brand, multi-channel strategy. The core offering is the ネクステージ platform (https://www.nextage.jp), a nationwide used car sales and services marketplace with approximately 32,682 vehicles in inventory, offering vehicle sales, purchasing/appraisal, inspection reservations, maintenance, warranty plans, and insurance. This core platform is supplemented by sub-brands: SUV LAND (outdoor/SUV-focused specialty), UNIVERSE (imported vehicle specialty enabling cross-brand test drives), and seven authorized dealer brands (Volvo, Maserati, Jaguar, Land Rover, Volkswagen, Audi, BMW, BYD AUTO). Additional service modules include proprietary warranty plans (ネクステージ保証プラン, ネクステージサービスサポート), nationwide sourcing (お取り寄せサービス), an online inventory search tool (ネクステージ在庫検索), complimentary oil changes (無料オイル交換), the discontinued ネクステージコネクト companion app, the SUV FREAKS lifestyle community, and the ネクステージストック business portal. The group also operates subsidiaries covering import dealers, rental car services, detailing, and vehicle logistics.

Differentiator

Problem solved

Functional benefit

Brands

  • SUV LAND: SUV specialty store with camping/outdoor lifestyle focus, featuring log house-style showroom and tent displays
  • UNIVERSE
  • フル.swing收购

Products and services

  • NEXTAGE Used Car Sales Platform Nationwide used and new vehicle sales platform with approximately 32,682 vehicles in inventory, accessible across 300+ stores in every Japanese prefecture for individual consumers.
  • NEXTAGE Authorized Dealer Operations Authorized dealership operations for seven imported brands (Volvo, Maserati, Jaguar, Land Rover, Volkswagen, Audi, BMW, BYD AUTO), offering new vehicles and certified pre-owned programs.
  • SUV LAND Specialty Stores SUV-focused specialty retail format featuring camping/outdoor-themed showroom experiences and lifestyle-oriented vehicle sales.
  • UNIVERSE Imported Vehicle Specialty Stores Large-format imported vehicle specialty stores allowing side-by-side comparison of same body types across different import brands.
  • Vehicle Purchase and Appraisal Services Customer vehicle buying and appraisal services with on-site and home-visit appraisal options, providing trade-in and direct purchase of used vehicles.
  • Vehicle Inspection (Shaken) Services Mandatory vehicle inspection services (車検) along with maintenance (点検) services at nationwide stores with online reservation and pricing tools.
  • NEXTAGE Warranty Plans Extended warranty programs including complimentary coverage for domestic vehicles (3 months/3,000 km) and imported vehicles (1 month unlimited mileage), with paid plans covering up to 401 items for 3 years with unlimited mileage; a 10-year warranty is also available for long-term ownership.
  • NEXTAGE Service Support Maintenance Pack Optional paid maintenance pack providing extended warranty coverage, free periodic inspections, and roadside assistance beyond standard warranty terms.
  • Vehicle Sourcing Service Nationwide vehicle sourcing service enabling customers to order any vehicle from group stores across Japan to their nearest location.
  • Free Oil Change Service Complimentary engine oil change service offered to customers as a periodic maintenance benefit.
  • Automobile Insurance Agency Automobile insurance agency services offered as part of Nextage's one-stop car lifecycle services.

Quantifiable outcome

  • Zero accident/flood/tampered vehicles in inventory - all vehicles pass third-party quality inspection
  • +1 more outcomes

Companies that use Nextage

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Nextage technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Nextage partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered core.

  • Jaguar Land Rover JapancoreStrategic or Co-development PartnerNextage operates authorized Jaguar and Land Rover dealerships at multiple locations (Makuhari, Yokohama Kohoku, Hamamatsu, Tenpaku, Suzuka, Osaka East). They won the Jaguar-Land Rover Academy service contest 4 times, indicating deep partnership and technical training collaboration.
  • Maserati JapancoreStrategic or Co-development PartnerNextage operates authorized Maserati dealerships at 3 locations (Sendai, Nagoya Interchange, Koto/Tokyo). They offer Maserati CPO (Certified Pre-Owned) vehicles with 121-point inspections and 2-year warranties.
  • Volvo JapancoreStrategic or Co-development PartnerNextage operates multiple Volvo dealerships (Volvo Cars Hiratsuka, Konandai, Kamakura, Sagamihara, Ota-Kawasaki, Toyama, Fukui, Korien) under the brand 'ボルボ・カー' and 'ボルボ・セレクト'
  • Volkswagen JapancoreStrategic or Co-development PartnerNextage operates authorized Volkswagen dealerships (Osaka Hirakata, Osaka Joto) with new vehicle sales and service
  • Audi JapancoreStrategic or Co-development PartnerNextage operates multiple Audi dealerships (Konandai, Tomei Kawasaki, Totsuka, Shonan, AAA Shonan) plus 'Audi Approved Automobile' certified pre-owned program
  • BMW JapancoreStrategic or Co-development PartnerNextage operates BMW and BMW Premium Selection dealerships (Narumi, Owarisashi, Yagochi) in Nagoya area, plus ALC MOTORS for MG brand
  • BYD AUTO JapancoreStrategic or Co-development PartnerNextage operates BYD AUTO dealership (Ikebukuro location) for BYD electric vehicles
  • ALC MOTORS (MG Brand)coreChannel Partner/ Reseller/ DistributorNextage Group company ALC MOTORS operates MG brand dealerships. Group company: 株式会社エー・エル・シー (ALC), 静岡県沼津市, Authorized MG dealer

Scale indicators8 records

Recent moves9 records

Expansion highlights4 records

Nextage competitors and assessment

Company assessment

Broad incumbents

  • Yellow Hat:
  • ORIX Corporation (ORIX Auto / ORIX U-Car): Large Japanese financial services group with significant auto leasing, rental, and used car (ORIX U-Car) operations. Comparable as a broader incumbent with capital and balance sheet strength, plus adjacency in fleet remarketing and leasing.
  • AUTOBACS SEVEN: Japan's largest auto parts and accessories retail chain that also purchases used cars from consumers. Comparable for the parts/accessories retail ecosystem and as a competing used car buyer at the supply side.

Direct peers

  • WECARS (formerly Big Motor): Major Japanese used car retailer that emerged from the 2023 Big Motor scandal/restructuring. Operates a nationwide showroom model directly competing with Nextage for used car and post-sale service share.
  • IDOM Inc. (formerly Gulliver International): Japan's other major nationwide used car superstore chain with hundreds of locations. Most directly comparable competitor in retail format, vehicle mix, and customer base.

Others

  • USS Co., Ltd. Japan's largest operator of used car auction halls, providing B2B vehicle remarketing infrastructure. Comparable as a key supply-side counterpart in the Japanese used car ecosystem that Nextage interacts with for inventory sourcing.

Emerging players

  • CarSensor (USEN-NEXT GROUP): Leading Japanese online used car listing and marketplace platform. Competes with Nextage's e-commerce channel by aggregating inventory across many dealers and shifting pricing transparency toward consumers.
  • Proto Corporation (Goo-net): Operates Goo-net, one of Japan's largest online used car information platforms with pricing/valuation data. Competes on discovery and price discovery rather than direct retail, but shapes consumer expectations that affect Nextage's showroom conversion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Nextage social profiles

Digital presence

Nextage financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Nextage leadership team

Management profile

Number of profiles

Profiles2 records

Nextage subsidiaries and ownership

Company hierarchy

Subsidiaries10 records

Nextage funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Nextage M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nextage

What does Nextage do?

Nextage operates a nationwide Japanese used car retail platform with approximately 32,682 vehicles in inventory across 300+ stores in all prefectures, selling new and pre-owned domestic and imported vehicles. It supplements vehicle sales with purchase/appraisal (kaitori), vehicle inspection (shaken), maintenance, warranty plans, and automobile insurance agency services, plus authorized dealerships for seven premium import brands.

Is Nextage a public or private company?

Nextage is a public company. It is classified as public and is currently operating.

When was Nextage founded?

Nextage was founded in 1996. It employs 5,001 to 10,000 people.

Where is Nextage based?

Nextage is headquartered in Nagoya, Japan, in the Asia region.

How does Nextage make money?

Five revenue lines are on record. Vehicle Sales are the primary driver. The others are vehicle Inspection and Maintenance Services, extended Warranty Plans, vehicle Purchase/Trade-in Services and insurance Agency.

Who are Nextage's main competitors?

Broad incumbents on record are Yellow Hat, ORIX Corporation (ORIX Auto / ORIX U-Car) and AUTOBACS SEVEN. Direct peers are WECARS (formerly Big Motor) and IDOM Inc. (formerly Gulliver International). USS Co., Ltd. is listed as an others. Emerging players are CarSensor (USEN-NEXT GROUP) and Proto Corporation (Goo-net).

Does Nextage have an API?

No public API is recorded for Nextage.

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Live signals
Simply Wall StWhat Is NEXTAGE Co., Ltd.'s (TSE:3186) Share Price Doing?NEXTAGE's share price has ranged from JP¥3,210 to JP¥4,235, with the current price at JP¥3,210. The company's intrinsic value is estimated at JP¥4,235.15, and profits are expected to grow by 37% over the next two years.Investing.comWhy is Nextage stock tumbling today? By Investing.comNextage stock fell 8.0% to ¥3,800 on Tuesday despite the used-car retailer reporting first-half operating profit of 14.1 billion yen, nearly double the year-ago figure, with the March–May quarter alone delivering 8.1 billion yen that beat market expectations by approximately 1 billion yen. Management simultaneously raised its full-year operating profit forecast from 24 billion yen to 27.6 billion yen, representing growth of roughly 40.8% year-over-year. The stock decline is attributed to shares having traded near their 52-week high of ¥4,325 heading into the earnings release, meaning much of the optimism had already been priced in, with institutional investors unwinding positions overnight in a gap-down open.Investing.comWhy is Nextage stock tumbling today? By Investing.comNextage stock fell 8% to ¥3,800 on Tuesday despite the used-car retailer reporting first-half operating profit of 14.1 billion yen, nearly double the year-ago figure, with the March-May quarter alone delivering 8.1 billion yen that beat market expectations by approximately 1 billion yen. Management also raised its full-year operating profit forecast from 24 billion yen to 27.6 billion yen, representing roughly 40.8% year-over-year growth. The stock decline is attributed to profit-taking after shares had been trading near their 52-week high of ¥4,325, implying that much of the earnings optimism had already been priced in, with institutional investors unwinding positions overnight.