Reliance on Auto Auctions and Risks to Securing Used-Vehicle Supply
First written in FY2018. 1 of 3 entries say "Mitigated", first in FY2022. Latest entry: FY2023.
0 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As described above, the Group is actively pursuing business expansion in new markets, including Australia, and diversification, including new businesses anticipating growth in demand for electric vehicles, post-sale vehicle maintenance for used vehicles, including inspections and general servicing, and expanded sales of parts and automotive products, including batteries, tires and oil.」
The Group continues to diversify into new markets, EV-related businesses, maintenance, and parts and automotive products in response to its reliance on auto auctions and the risk of securing inventory. - FY2022MitigatedAnnual report
「Accordingly, as described above, the Group is actively pursuing business expansion in new markets and diversification, including new businesses anticipating growth in demand for electric vehicles, post-sale vehicle maintenance for used vehicles, including inspections and general servicing, and expanded sales of parts and automotive products, including batteries, tires and oil.」
In response to its reliance on auto auctions and the risk of securing inventory, the Group has stated its policy of diversifying into new markets, EV-related businesses, maintenance, and parts and automotive products. - FY2018First statedAnnual report
「The Group procures almost all of its used vehicles from auto auction operators in Japan.」
States that declining vehicle listings, rising market prices, suspension of transactions for violating supplier terms and conditions, and other factors could affect sales opportunities and costs.