Kitanihon Auto Yohin, K.K. signed a share transfer agreement to acquire AUTOBACS Hokkaido, Ltd. from Autobacs Seven Co., Ltd.
January 22, 2017
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Kitanihon Auto Yohin, K.K. signed a share transfer agreement to acquire AUTOBACS Hokkaido, Ltd. from Autobacs Seven Co., Ltd. (TSE:9832) on January 23, 2017. Kitanihon Auto Yohin, K.K. will acquire 6700 shares of AUTOBACS Hokkaido as part of the transaction. The transaction is expected to complete on February 1, 2017.
Autobacs Seven Co Ltd is a Japan-based company primarily engaged in the retail and wholesale of automobile products, the purchase and sale of vehicles, the provision of vehicle inspection and maintenance services, as well as the loan credit business. The Company operates in four segments. The Domestic Autobacs segment is engaged in the wholesale of car products and the leasing of store facilities. The Overseas segment is engaged in the sales of car accessories, the provision of installation service and the maintenance of cars to general consumers. The Car, Dealers and B-to-B segment is engaged in the sales of imported cars, the purchase of used cars and the sales of the cars to second hand car dealers and others. The Others segment is engaged in the leasing business to domestic franchise chain affiliates.
AUTOBACS SEVEN CO., LTD. 
