Withdrawal from the New Vehicle Dealership Business and Concentration of Management Resources on Large Used-Car Dealerships and Service Centers
First written in FY2022-Q2. 1 of 3 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024RestatedAnnual report
「Going forward, we will pursue new large-format store openings by leveraging the customer-attraction power of the Gulliver brand and our accumulated expertise. Our policy is to accelerate the pace of large-format store openings in stages while assessing capital efficiency.」
Based on the policy of withdrawing from the new-car dealership business and concentrating on domestic large-format stores and service centers, the company continues to plan a gradual acceleration in large-format store openings. - FY2022-Q3AdvancedAnnual report
「The company has positioned the development of large used-vehicle stores with high capital efficiency and the development of service centers equipped with the latest facilities as the pillars of its future domestic growth strategy. To concentrate management resources and further advance these initiatives, it decided to withdraw from its BMW and MINI new-vehicle dealership business in Asahikawa, Hokkaido, and western Chiba Prefecture.」
Regarding the withdrawal from the new-car dealership business, the share transfers of 株式会社モトーレングローバル and 株式会社モトーレングランツ were completed on 30 September and 1 October 2021, and the companies were excluded from the scope of consolidation from the third quarter of the current consolidated fiscal year. The concentration of management resources on used-car large-format stores and service centers has moved into the execution stage. - FY2022-Q2First statedAnnual report
「The company has positioned the development of large used-vehicle stores with high capital efficiency and the development of service centers equipped with the latest facilities as the pillars of its future domestic growth strategy. To concentrate management resources and further advance these initiatives, it decided to withdraw from its BMW and MINI new-vehicle dealership business in Asahikawa, Hokkaido, and western Chiba Prefecture.」
The company’s policy of withdrawing from the BMW and MINI new-car dealership businesses in Asahikawa, Hokkaido, and western Chiba Prefecture in order to concentrate management resources on used-car large-format stores with high capital efficiency and service centers equipped with the latest facilities, which are positioned as pillars of its domestic growth strategy, can be confirmed for the first time as a standalone theme. The share transfers were completed on 30 September and 1 October 2021. Voting rights ownership was 100% for both companies before the transfers and 0% afterward.