Strengthening the Used-Car Export Business

「Overseas, export transactions with countries in Asia, Oceania and Africa are progressing smoothly at Agasta Co., Ltd. We will continue to work with our office in Uganda and call center in Pakistan to expand into neighboring countries.」

「In overseas operations, export transactions between 株式会社アガスタ and countries in Asia, Oceania and Africa have remained steady. The company is expanding its business into neighboring countries in cooperation with the office opened in Uganda and the call center in Pakistan.」

「At 株式会社アガスタ, overseas export transactions with countries in Asia, Oceania and Africa have remained active. The company is expanding into neighbouring countries in cooperation with the office opened in Uganda and the call centre in Pakistan.」

「Overseas export transactions with countries in Asia, Oceania, Africa and elsewhere have become more active. In September 2024, the company opened the Uganda Office in Uganda to serve as a local sales agency and is advancing business expansion into neighbouring countries.」

「Overseas export transactions with countries including Bangladesh have become more active, partly due to the weaker yen, and sales of vehicles for overseas markets increased to ¥2,124 million from ¥1,786 million in the same period of the previous year. In April 2023, 青島新馳汽車有限公司, the joint venture established in China, entered into a letter of intent for an investment framework agreement with 新華錦集団有限公司 and 山東膠東航空城投資有限公司 and is preparing its operating structure. In September 2023, the company established 株式会社カーチスキャピタルマネージメント to conduct the sale and manufacture of automobiles overseas and planning and consulting for local market development. As its first project, it entered into a basic agreement with the Chamber of Commerce and Industry of the Republic of Chad to establish a joint venture that will provide automobile maintenance and sales services in cooperation with the chamber.」

「Overseas export transactions with various countries have recovered, with particularly active trading in Bangladesh and other markets. Partly due to the weaker yen, sales of vehicles for overseas markets increased to ¥1,428 million from ¥1,256 million in the same period of the previous year. In April 2023, 青島新馳汽車有限公司, the joint venture established in China, entered into a letter of intent for an investment framework agreement with 新華錦集団有限公司 and 山東膠東航空城投資有限公司 and is preparing its structure for full-scale operations. In September 2023, 株式会社カーチスキャピタルマネージメント was established to conduct the sale and manufacture of automobiles overseas and planning and consulting for local market development, with the company making an 18% investment. As the first project, the company entered into a basic agreement with the Chamber of Commerce and Industry of the Republic of Chad to establish a joint venture that will provide automobile maintenance and sales services in cooperation with the chamber.」

「As export transactions with countries overseas recover, the company is further expanding export channels by strengthening business alliances with domestic used-car export companies. Regarding 青島新馳汽車有限公司, the joint venture established in China, it is advancing plans to begin exports to Mongolia, EU countries and other markets to expand results, as stated in the “Notice Regarding the Execution of a Letter of Intent for an Investment Framework Agreement with 新華錦集団有限公司 and 山東膠東航空城投資有限公司” announced on 13 April 2023.」

「As the impact of COVID-19 has been recovering, export transactions with countries in Asia, Oceania, Africa and elsewhere have increased. The company is expanding inventory vehicles for overseas markets and export channels, including for new products, by strengthening business alliances with domestic used-car export companies.」

「The company is expanding inventory for overseas markets and export channels through business alliances with domestic used-car export companies, while also launching new initiatives such as test sales of used agricultural machinery. 青島新馳汽車有限公司, the joint venture established in China, is preparing its structure to expand results after the recovery from COVID-19, and the plan to begin exports to Mongolia, EU countries and other markets is expected to get under way from the fourth quarter onward.」

「Sales of vehicles for overseas markets increased to ¥1,256 million from ¥174 million in the same period of the previous year, partly due to the weaker yen. The company will continue to strengthen business alliances with domestic used-car export companies. 青島新馳汽車有限公司, the joint venture established in China, had established a vehicle service centre and been preparing its structure to expand results after the recovery from COVID-19. Following further strengthening of cooperation with companies in the 新華錦 Group, the plan to export to Mongolia, EU countries and other markets is expected to finally get under way from the fourth quarter onward.」

「In its overseas operations, the company is expanding export channels by strengthening business alliances with domestic used-car export companies. Sales of vehicles for overseas markets increased to ¥615 million from ¥65 million in the same period of the previous year.」

「In its overseas operations, the company is expanding export channels by strengthening business alliances with domestic used-car export companies. The full-scale launch of 青島新馳汽車有限公司, the joint venture established in China, has been delayed by the impact of COVID-19, but the company is continuing to establish the structure needed for business activities aimed at expanding results after logistics and other operations recover.」

「The full-scale launch of the business of 青島新馳汽車有限公司, the joint venture established in China, has been delayed due to the spread of COVID-19, but the company is continuing to establish the structure needed for business activities aimed at expanding results after the pandemic subsides.」

「The company is establishing logistics in the bonded zones of Qingdao, Shandong Province, China, and elsewhere through its joint venture, 青島新馳汽車有限公司. However, due to the spread of COVID-19, the expected sales from the full-scale launch of the business have been delayed. It is currently establishing the structure for business activities aimed at expanding logistics and exports from China to Central Asia and the EU and expanding results in China’s domestic used-car market, and will continue to promote sales initiatives after the pandemic subsides.」

「Through 株式会社アガスタ, which operates the used-car export business, the company is building a global used-car distribution network centred on emerging markets, seeking to raise awareness and expand market share in destination countries and actively promoting the expansion of its overseas export business.」

「Through its partnership with a Chinese company, the company is expanding the handling of used-car exports by its joint venture established in China and advancing the development of a global business.」

「The company is steadily establishing the structure needed to conduct logistics and export businesses from China to Central Asia and the EU, as well as business activities aimed at expanding results in China’s domestic used-car market, including the launch of Japan’s first online sales of carefully selected, high-quality used cars in large volumes from China to the rest of the world. It expects to begin full-scale sales activities in the second half and will advance logistics from China and South Korea to the Qingdao Bonded Zone.」

「The start of the business was delayed during the current period due to the impact of the spread of COVID-19. However, the company is steadily establishing the structure needed to conduct logistics and export businesses from China to Central Asia and the EU, as well as business activities aimed at expanding results in China’s domestic used-car market. The company expects to resume sales activities in the second half and is advancing logistics from China and South Korea to the Qingdao Bonded Zone.」

「Overseas, the company is working to raise its profile locally and establish an after-sales support system, including by opening local support desks through an alliance with a leading domestic used-car export company. In addition, a joint venture with a Chinese company has been established, marking concrete progress toward expanding the handling of used-car exports in China and developing the business globally.」

「The number of vehicles traded for export in Japan increased as a result of business alliances with overseas export companies. Going forward, the company will advance the export business for automobiles and other products in China through the establishment of a joint venture with 山東新華錦国際株式有限公司, a group company of 新華錦集団有限公司, under the agreement signed on 26 March 2019.」

「Regarding its overseas export strategy, the company entered into a letter of intent for a strategic cooperation agreement with 新華錦集団有限公司 on 26 October 2018 to develop a used-car business in China. As part of this initiative, on 26 March 2019 it entered into a basic agreement with 山東新華錦国際株式有限公司, a group company of 新華錦集団有限公司, regarding the establishment of a joint venture to conduct an export business for automobiles and other products in China. To further strengthen its relationship with 新華錦集団有限公司 and build a long-term partnership, the company entered into a capital and business alliance agreement with 山東新華錦国際株式有限公司 on 25 April 2019. Under this capital and business alliance, on 15 May 2019 the company allocated 869,565 treasury shares to a 100%-owned subsidiary of 山東新華錦国際株式有限公司, raising approximately ¥200 million.」

「The company announced that on 26 March 2019 it had entered into a basic agreement with 山東新華錦, a group company of 新華錦, regarding the establishment of a joint venture to conduct an export business for automobiles and related parts in China.」

「Through the used-car platform PicknBuy24.com operated by the group, the company is advancing the development of a global business by entering into a business alliance with a Chinese company at the Japan-China Third-Country Market Cooperation Forum held in China and, in the future, handling exports of used cars from China.」

「There have been no material changes to the issues to be addressed by our Group during the six-month period ended 30 September.」

「Through 株式会社アガスタ, which operates the used-car export business, the company is building a used-car distribution network centred on emerging markets, seeking to raise awareness and expand market share in destination countries and actively promote its overseas export business to develop it into a second growth pillar.」

「There were no material changes during the nine-month period to the issues that the Group needs to address.」

「There have been no material changes to the issues to be addressed by our Group during the six-month period ended 30 September.」

「There were no significant changes in the issues that our group must address during the cumulative first quarter of the fiscal year.」

「The company will actively promote its overseas export business to raise awareness and expand its market share in destination countries and develop it into a second growth pillar.」

「There were no material changes during the nine-month period to the issues that the Group needs to address.」

「There have been no material changes to the issues to be addressed by our Group during the six-month period ended 30 September.」

「In addition to the domestic used-car business, the company will continue to strengthen the used-car business as a whole, including the used-car export business operated by 株式会社アガスタ.」