Recap of Key Fiscal 2016 Developments at the AUTOBACS SEVEN Group
April
BMW and MINI
Dealerships Acquired
AUTOBACS became an official BMW and MINI dealer by acquiring all of the outstanding shares of Autoplatz K.K. and Autoplatz Motors K.K., the respective owners of Ikebukuro BMW and MINI Ikebukuro, two new-car dealerships located in Toshima-ku, Tokyo.
April
AUTOBACS Awarded
DBJ Employee Health Management
“A” Rating
The Development Bank of Japan evaluates corporate employee health management practices and awarded AUTOBACS an “A” rating under its DBJ Employee Health Management rating system.
May
No. 1 retailer of fuel-efficient tires in Japan for two years running.
June
Launched AQ. Series
PB Motor Oil
AUTOBACS launched the new AQ. Series (AUTOBACS Quality Series) of motor oil products, updating its PB motor oil for the first time in 23 years.
July
First Store in
Indonesia
AUTOBACS opened AUTOBACS A.R. Hakim Store No. 1 in Surabaya, the capital of the Indonesian state of East Java. This is AUTOBACS thirteenth store in the ASEAN region and its first in Indonesia, where a large percentage of vehicles are Japanese makes.
September
Chosen by Customers as the No. 1 Retailer for Studless Tires
May - September
Canceled treasury shares
(3 million shares in May)
Bought back Company shares
(2.5 million shares for approx. ¥5.24 billion)
November
“Satei Dr.” Automobile
Appraisal System Patented
A patent was obtained for the “Satei Dr.” automobile appraisal system used by AUTOBACS CARS, the Company’s automobile purchase and sales operation. Using vehicle maintenance histories, this system accurately assesses vehicle condition and assigns appraisal values, regardless of the person performing the appraisal.
November
AUTOBACS Health Insurance Society Recognized for Excellence
The AUTOBACS Health Insurance Society was named winner of the Health Insurance Bureau Secretary-General’s award for excellence at the 4th Healthy Life Extension Awards, sponsored by the Ministry of Health, Labour and Welfare.
January
Embarked on Sales of Tommykaira ZZ EV Sports Cars
AUTOBACS reached an agreement with GLM Co., Ltd. to become the exclusive dealer for that company’s EV sports car. The Tommykaira ZZ will be sold through the Super AUTOBACS Tokyo Bay Shinonome Store. Featuring a powerful specially designed motor mounted on an extremely light chassis, the car offers sharp acceleration and agile handling. Moreover, being an EV, it emits no CO2.
January
Alliance with an Automobile
Maintenance and Repair Provider in
the Philippines
AUTOBACS entered into a capital and business alliance with the Motech Group, a provider of automobile maintenance and repair services in the Philippines. That country is experiencing a rapid expansion of its automobile market and is a member of ASEAN, which AUTOBACS is targeting for development of its automotive goods wholesale/retail and automobile maintenance and repair businesses.
March
AUTOBACS First Stores Specializing
in Used Car Purchases
AUTOBACS opened its first stores specializing in the purchase of used cars. Two AUTOBACS Used Car Purchase Store locations have been opened, one in Setagaya-ku, Tokyo and the other in Fukuoka City, Fukuoka Prefecture.
