Development of Specialty Stores and Large Stores Serving Lifetime Customers

「During the interim consolidated accounting period, the Company opened Kishiwada as a full-service store in January 2026, Maebashi and Toride in March, and Chikugo and Tomisato Inter in April. Under the SUVLAND brand, it opened SUVLAND Toyohashi in January 2026.」

「During the first quarter of the current fiscal year, we opened Kishiwada store in January 2026 as a comprehensive store and SUVLAND Toyohashi as an SUVLAND store.」

「During the interim consolidated accounting period, the Company opened Yomitan as a full-service store in December 2024, and Hamamatsu Shitoro in March 2025. It also opened 2 vehicle-buyback stores alongside newly opened stores, as well as the Kamata, Showabashi and Tokushima stores as standalone vehicle-buyback stores, with Tokushima being its first store in Tokushima Prefecture.」

「During the second quarter of the current consolidated fiscal period, the Company opened Konan in April 2024 and Sendai Miyagino in May as full-service stores. Under the SUVLAND brand, it opened SUVLAND Minoh in March 2024.」

「During the first quarter of the current consolidated fiscal period, the Company opened the Minami-Saga store as a full-service store in January 2024. Under the SUVLAND brand, it opened SUVLAND Funabashi Narashino in December 2023 and SUVLAND Chiba Kashiwa in February 2024.」

「During the third quarter of the current consolidated fiscal period, the Company opened the Fukui Maruoka store as a full-service store in June 2023, the Yonezawa store in July, and the Tsukuba, Fukuyama Kannabe, Sapporo Naebo and Sendai Rifu stores in August.」

「As full-service stores, the Company opened Toyokawa in March 2023, Nasushiobara in April, and Osaki and Obihiro in May.」

「As specialty stores, the Company opened the Fukushima SUV Specialty Store and the Minoh Sedan and Sports Specialty Store in December 2022.」

「The business operates a store network centered on full-service stores that provide a one-stop business cycle covering vehicle sales, maintenance and vehicle purchases; SUV LAND, large-format specialty stores focused on the SUV category as part of its regional leadership strategy; and UNIVERSE, large-format specialty stores for used imported cars.」

「As full-service stores, the Company opened Nagasaki in Nagasaki Prefecture in July 2022, and Nagaoka in Niigata Prefecture and Moriyama in Aichi Prefecture in August. As a specialty store, it opened the Kasugai Sedan and Sports Specialty Store in Aichi Prefecture in August. In addition, it opened 2 vehicle-buyback stores alongside newly opened stores, as well as the Yaizu, Koriyama, Hofu and Hitachi stores as standalone vehicle-buyback stores.」

「As full-service stores, the Company opened Atsugi and Tsu in Kanagawa and Mie prefectures, respectively, in March 2022; Nagano-Minami in Nagano Prefecture and Yamagata-Kita in Yamagata Prefecture in April; and Hakodate-Hokuto in Hokkaido and Yahatanishi in Fukuoka Prefecture in May. As a specialty store, it opened the Kasukabe Subaru Specialty Store in Saitama Prefecture in April 2022.」

「Regarding store openings, in January 2022 the company opened Toyomijo SUV Specialty Store and Tenpaku Sedan & Sports Specialty Store as specialty stores. It also opened Toyomijo as a comprehensive store in January 2022 and Fukuyama as a standalone vehicle purchasing store in February 2022.」

「The Company's business activities, the position of each business and the business organization chart are as follows. As businesses related to automobile sales account for most of the Group's operations, the Group has a single segment, automobile sales and related services.」

「As full-service stores, the Company opened Oita in Oita Prefecture and Morioka, its first store in Iwate Prefecture, in July 2021. It also opened 2 vehicle-buyback stores alongside newly opened stores, as well as Katsushika in Tokyo, Hiroshima Misasa, its first store in Hiroshima Prefecture, in July 2021, and Ikebukuro in Tokyo in August.」

「As full-service stores, the Company opened Miyazaki-Kita, Nisshin Ekimae and Kochi in April 2021, in Miyazaki, Aichi and Kochi prefectures, respectively, and Makuhari in Chiba Prefecture in May. As specialty stores, it opened the Ichinomiya Subaru Specialty Store in Aichi Prefecture in April and UNIVERSE Chiba-Kita in Chiba Prefecture in May. In addition, it opened 4 specialty vehicle-buyback stores alongside newly opened stores, as well as the Nagakute Green Road, Hamamatsu, Akishima, Saitama Chuo and Ishioka stores as standalone vehicle-buyback stores.」

「In February 2021, the Company opened Iwaki in Fukushima Prefecture as a standalone vehicle-buyback store. It also opened Volkswagen Osaka Hirakata as an authorized Volkswagen dealer.」

「During the current consolidated fiscal year, the Company continued opening full-service stores, specialty stores, UNIVERSE stores and vehicle-buyback stores. As a result, the number of locations at the end of the current consolidated fiscal year was 97 (144 stores).」

「In August 2020, the Company opened Sapporo Utsukushigaoka in Hokkaido and Takaoka in Toyama Prefecture as full-service stores. It also opened 3 specialty vehicle-buyback stores alongside existing stores.」

「In April 2020, the Company opened Oyama in Tochigi Prefecture and Settsu in Osaka Prefecture as full-service stores. It also opened 1 specialty vehicle-buyback store alongside an existing store and opened Toyomijo as a standalone vehicle-buyback store.」

「In December 2019, the Company opened Matsuyama Chuo, its first full-service store in Ehime Prefecture, as well as Odaka in Aichi Prefecture and Shingu in Fukuoka Prefecture. It also opened 2 specialty vehicle-buyback stores alongside existing stores.」

「In the used-car sales business, the Company operates a network centered on full-service stores that provide a one-stop business cycle covering vehicle sales, maintenance and vehicle purchases; SUV LAND, large-format specialty stores focused on the SUV category as part of its regional leadership strategy; and UNIVERSE, large-format specialty stores for used imported cars.」

「In July 2019, the Company opened UNIVERSE Sakai in Sakai, Osaka Prefecture, as a large-format imported-car specialty store handling only imported cars. It also opened Okazaki Miai and Fuji in Okazaki, Aichi Prefecture, and Fuji, Shizuoka Prefecture, respectively, after relocating them from existing operating stores, expanding them in every respect and upgrading them into large-format full-service stores among the largest in their areas. In August 2019, it opened Matsusaka, its second full-service store in Mie Prefecture.」

「In January 2019, the Company opened UNIVERSE Nagoya as a large-format imported-car specialty store handling only imported cars, and opened 2 specialty vehicle-buyback stores alongside existing stores.」

「Beginning in the current consolidated fiscal year, the Company also opened UNIVERSE, a large-format specialty store for used imported cars, as a new initiative.」

「Regarding store openings, in June 2018 the company opened SUV LAND Kitakyushu, a large-format SUV specialty store boasting Japan's largest SUV inventory, and in July 2018 opened Wakayama, its first comprehensive store in Wakayama Prefecture. It also opened 3 specialty vehicle purchasing stores alongside existing stores and opened Nishio as a standalone vehicle purchasing store.」

「In April 2018, the company opened SUV LAND Sakai, a large-format SUV specialty store boasting Japan's largest SUV inventory, and opened 3 specialty vehicle purchasing stores alongside existing stores.」

「Regarding store openings, in January 2018 the company opened Hikone and Kariya as comprehensive stores, and opened 5 specialty vehicle purchasing stores alongside existing stores.」

「The Company opened the Kumamoto store as a full-service store in January 2017, the Kusatsu store in April 2017 and the Gifu Route 21 Bypass store in September 2017, and opened 11 specialty vehicle-buyback stores alongside existing stores.」

「Against this backdrop, the group opened Nextage Kusatsu in April 2017 as a large-format comprehensive store and continued to acquire vehicle inspection customers and expand its vehicle purchasing business.」

「Against this backdrop, our group opened the Kumamoto store in January 2017 as a large comprehensive store, seeking to secure vehicle-inspection bookings and expand the vehicle-purchase business. We also opened Volvo Car Sakai and Volvo Car Toyama as authorized imported-car dealerships to expand the new-car sales business.」

「The Company plans to actively open stores centered on specialty stores, led by SUV LAND, with industry-leading inventory in their respective areas, and large-format stores designed to serve lifetime customers by providing comprehensive support from sales through after-sales service, vehicle inspections and vehicle replacement.」