27th July 2017 SOMPO Holdings, Inc.

Commencement of Automobile Repair & Maintenance Business in Indonesia

Sompo Holdings, Inc. (Group CEO Representative Director: Kengo Sakurada) hereby announces that PT Indomobil Sompo Japan, a joint venture company established by Sompo Holdings, Inc. and PT Indobuana Autoraya (Indomobil Group; one of the largest automobile distributors in Indonesia), will commence an automobile repair and maintenance business. As the first step, it will open its first body repair and paint workshop AUTOGLAD on 1st August in Bekasi, Jawa Barat, Indonesia.

  1. Background

    Indonesia is the largest market for new vehicle sales in Southeast Asia (based on 2015 statistics) and its aftermarket of services such as vehicle maintenance is expanding rapidly with an increase of new vehicle sales.

    The Sompo Holdings Group has accident assessment techniques for automotive insurance and cutting‐edge vehicle repair technologies developed through operation of the Sompo Japan Nipponkoa Osaka Automotive Research Centre, which boasts some of Japan's most advanced repair facilities.

    The technical skill of the Sompo Holdings Group and the local brand power of the Indomobil Group will be leveraged to offer high‐quality technical skill and customer service. We aim to bring safety and peace of mind to Indonesian customers and contribute to further development of the automobile repair and maintenance business in Indonesia.

  2. Overview of AUTOGLAD

    Name

    AUTOGLAD Pekayon

    Location

    Jl. Raya Pekayon‐ Jatiasih kp Poncol Rt004 Rw001,Kel.Jakasetia ,

    kec Bekasi Selatan, Kota Bekasi, Jawa Barat 17147, Indonesia

    Site Area

    4,000 square metres

    Capacity of repair work

    Approximately 400 cars per month

    Name and title of

    representative

    Willianto Husada, President Director

    Teruyuki Okuda, Director

    Business

    Car body repair and paint refinishing service

    Operated by

    PT Indomobil Sompo Japan

    Shop & Brand Image
  3. Outlook

Further business development will be considered together with the Indomobil Group, taking into consideration performance of the flagship shop, as well as the latest market trends and other factors.

Sompo Holdings Inc. published this content on 27 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 July 2017 05:04:03 UTC.

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