Expansion of the Automobile Sales-Related Business

「Made 日産プリンス山梨販売株式会社, now a consolidated subsidiary, a subsidiary.」

「From the interim consolidated accounting period, ㈱モトーレン札幌 newly became a consolidated subsidiary.」

「Subsequently, we acquired the shares on 1 April 2025.」

「From the second quarter of the fiscal year, フジモトーレン㈱ newly became a consolidated subsidiary.」

「From the first quarter of the fiscal year, CATERHAM EVO LIMITED and CICLOS DOMINGO, S.L. newly became consolidated subsidiaries.」

「During the third quarter of the fiscal year, the newly established ㈱モトーレン道南 became a consolidated subsidiary.」

「From the first quarter of the fiscal year, CATERHAM CARS GROUP LIMITED, CATERHAM CARS LIMITED and 2 other companies newly became consolidated subsidiaries in the automotive sales-related business.」

「By resolution of the Board of Directors dated 19 March 2021, we decided to acquire 100% of the issued shares of CATERHAM CARS GROUP LIMITED, a UK automobile manufacturer, and made CCG and its 2 subsidiaries our subsidiaries on 1 April 2021.」

「The Group has made the establishment of a new business model for operating automotive dealerships and the achievement of business expansion and profit growth through active M&A its principal management strategy. Going forward, we will continue to promote business expansion centered on the automotive sales-related business, our core business. We will also make maximum use of the Group's management resources and focus on improving profitability in business areas outside the automotive sales-related business.」

「In the automotive sales-related business, the newly established ㈱モトーレン三河 and 光洋自動車㈱, which operates automotive dealerships in Hokkaido, newly became consolidated subsidiaries.」

「Going forward, we will continue to focus on the automotive sales-related business, our core business, and promote its expansion. We will also make maximum use of the Group's management resources and focus on improving profitability in business areas outside the automotive sales-related business.」

「Overseas, we were able to add to earnings the sales performance of 3 operating companies newly made subsidiaries in Spain and South Africa from the previous fiscal year through the second quarter. As a result, the Group's sales of new and used vehicles combined totaled 73,529, an increase of 6,131 vehicles, or 9.1%, from the same period of the previous year.」

「The impact of Nissan's issue involving inspections conducted by unqualified personnel was almost eliminated, and we focused on creating sales opportunities. Honda-affiliated operations also remained relatively firm in Japan, partly due to the effect of new models. Overseas, we were able to add to earnings the sales performance of 3 operating companies newly made subsidiaries in Spain and South Africa from the previous fiscal year through the second quarter. As a result, the Group's sales of new and used vehicles combined totaled 51,503, an increase of 4,277 vehicles, or 9.1%, from the same period of the previous year.」

「Overseas, we were able to add to earnings the sales performance of 3 operating companies newly made subsidiaries in Spain and South Africa from the previous fiscal year through the first quarter. As a result, the Group's sales of new and used vehicles combined totaled 25,157, an increase of 2,079 vehicles, or 9.0%, from the same period of the previous year.」

「The impact of the suspension of sales of two kei-car models in the same period of the previous year was eliminated, and the full-year contribution from sales by WESSEX GARAGES HOLDINGS LIMITED in the UK, which became a subsidiary in May of the previous fiscal year, and 12 operating companies under MASTER AUTOMOCION, S.L. in Spain, which became a subsidiary in October of the previous fiscal year, also contributed. As a result, sales of new and used vehicles combined totaled 67,398, an increase of 10,930 vehicles, or 19.4%, from the same period of the previous year.」

「The performance of the automotive sales-related business, the Group's core business, during the six months ended 30 September benefited from the resolution of the impact of the suspension of sales of two Nissan kei-car models and the inclusion in the consolidated results of sales by WESSEX GARAGES HOLDINGS LIMITED in the UK, which became a subsidiary in May of the previous year, and 12 operating companies under MASTER AUTOMOCION, S.L. in Spain, which became a subsidiary in October of the previous year. Sales of new and used vehicles combined totaled 47,226, an increase of 10,473 vehicles, or 28.5%, from the same period of the previous year.」

「The performance of the automotive sales-related business, the Group's core business, during the three months ended 30 June benefited from the resolution of the impact of the suspension of sales of two Nissan kei-car models and the inclusion in the consolidated results of sales by WESSEX GARAGES HOLDINGS LIMITED in the UK, which became a subsidiary in May of the previous year, and 12 operating companies under MASTER AUTOMOCION, S.L. in Spain, which became a subsidiary in October of the previous year. Sales of new and used vehicles combined totaled 23,078, an increase of 7,016 vehicles, or 43.7%, from the same period of the previous year.」

「The Group has made the establishment of a new business model for operating automotive dealerships and the achievement of business expansion and profit growth through active M&A its principal management strategy. Going forward, we will continue to focus on the automotive sales-related business, our core business, and promote its expansion.」

「The performance of the automotive sales-related business, the Group's core business, during the nine months ended 31 December was affected by the suspension of sales of two Nissan kei-car models from April through June due to the vehicle supplier's falsification of fuel-economy test data. However, sales by ㈱モトーレン静岡, which began operating a BMW dealership business in Shizuoka Prefecture in April, WESSEX GARAGES HOLDINGS LIMITED in the UK, which became a subsidiary in May, and 11 operating companies under MASTER AUTOMOCION, S.L. in Spain, which became a subsidiary in October, also contributed. As a result, sales of new and used vehicles combined totaled 56,468, an increase of 3,953 vehicles, or 7.5%, from the same period of the previous year.」

「At a meeting of the Board of Directors held on 3 October 2016, we resolved to acquire 75% of the issued shares of MASTER AUTOMOCION, S.L., the holding company of a group engaged in the automotive-related business in Spain, and made it a subsidiary on the same day.」

「Primary reason for the business combination: to expand the scale of the Group’s automobile sales-related business」