Autobacs Seven Co.,Ltd. completed the acquisition fof 70% stake in FATRASTYLING Inc. from Yoshiyuki Tanuma and Mie Tanuma.
September 29, 2022
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Autobacs Seven Co.,Ltd. (TSE:9832) agreed to acquire a 70% stake in FATRASTYLING Inc. from Yoshiyuki Tanuma and Mie Tanuma on February 25, 2022. As part of the transaction, Autobacs seven will acquire 350 shares in FATRASTYLING. Post completion, Autobacs will hold 70% stake in FATRASTYLING. FATRASTYLING scheduled to change its trade name after approval at the extraordinary general meeting of shareholders and the board of directors to be held on April 1, 2022. The share transfer agreement is planned to be signed on February 28, 2022, and acquisition is expected to be completed on April 1, 2022. The impact of the acquisition on the Autobacs 's consolidated business results for the current fiscal year is minor.
Autobacs Seven Co.,Ltd. (TSE:9832) completed the acquisition fof 70% stake in FATRASTYLING Inc. from Yoshiyuki Tanuma and Mie Tanuma on September 30, 2022.
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.