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Idom (7599) · InitiativeFirst stated

Continuation of the Automotive Trading Platform Business in Australia

First written in FY2022. . Latest entry: FY2022.

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Continuation of the transaction platform business for Australian automotive dealershipsA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2022First statedAnnual report

    「We will continue to leverage the expertise and network accumulated through operating new-car dealerships. Specifically, through our wholly owned Australian subsidiary IDOM Innovations Pty Ltd., which has operated in Australia since 2020, we will continue the platform business that uses new technologies and innovation to pursue transparency and fairness in automotive transactions and help resolve issues faced by automotive dealers. As this is a new business, our policy is to invest in it within a defined range, subject to an investment cap.」

    While withdrawing from the Australian new-car dealership business, the company indicated that it would continue the platform business for automotive dealers through IDOM Innovations, leveraging its accumulated expertise and network.
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Continuation of the Automotive Trading Platform Business in Australia | IDOM Inc. (7599) | Komori