Asset-light automotive subscription model
First written in FY2023. 2 of 4 entries say "Softened", first in FY2024-H1. Latest entry: 2026-04-21.
No other company in this theme has enough history to compare yet.
- 2026-04-21AdvancedOther Disclosures
「Based on our policy of emphasizing return on assets (ROA), we will strengthen our supply structure while maintaining an asset-light model.」
The company began a specific partnership structure linking Suzuki Rent-a-Car’s vehicle fleet directly with its online platform to strengthen vehicle supply while maintaining an asset-light model. - FY2024SoftenedAnnual report
「Under some used-car leasing schemes, the Company purchases vehicles and sells them to a partner financial institution once a contract with a customer has been finalized, generating vehicle sales income as well.」
Although it maintains a model that generally does not hold vehicle inventory, it explicitly states that some used-car leasing schemes involve holding vehicles from purchase through sale to a partner financial institution. - FY2024-H1SoftenedAnnual report
「Patio also has its own service center and maintains several hundred vehicles in inventory at all times. We therefore expect the number of vehicles held by the Group to increase, expanding the range of vehicles available to customers.」
The inventory of subsidiary Patio means Group-held vehicle inventory will increase, weakening the scope of the previously stated asset-light model. - FY2023First statedAnnual report
「In principle, the Company has built an asset-light business model that does not hold vehicle inventory.」
Partner financial institutions own leased vehicles, so the Company generally does not hold its own vehicle inventory.