In April 2015, AUTOBACS acquired all of the outstanding shares of Autoplatz K.K. and Autoplatz Motors K.K., entering the business of selling imported cars as an official dealer of BMW and MINI automobiles. Since then, both dealerships have performed solidly, achieving profitability during the fiscal year ended March 2016. Going forward, efforts will focus on achieving further expansion of customer bases and deepening our understanding of the new-car sales business.
On a different front, the megasolar power plant, which came online at the Western Japan logistics Center in September 2013, is contributing to earnings through electricity sales.
Going forward, we will continue to strengthen our imported-car sales operations. Furthermore, drawing on the strengths of the Company Group, we aim to create new pillars of growth primarily by developing new businesses in car-related fields where we can exercise synergies with the domestic AUTOBACS business.