Autobacs Seven Co., Ltd. Announces Candidates for the Board of Directors and the Audit and Supervisory Board
March 29, 2018
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Autobacs Seven Co., Ltd. announced that the Board of Directors has resolved the candidates for the Board of Directors and the Audit and Supervisory Board to be approved at the 71st ordinary general meeting of shareholders scheduled in late June 2018. Minesaburo Miyake resolved to appoint to the board of directors. He is Chairman of the Board, Nakashimato Co., Ltd. and Outside Director, Fuji Pharma Co., Ltd. Noriaki Shimazaki retire from the position of director due to expiration of term of office at the conclusion of the 71st ordinary general meeting of shareholders. Yukio Kakegai resolved as Candidate for Audit and Supervisory Board Member. Toshiki Kiyohara audit and supervisory board member is scheduled to retire from the position of audit and supervisory board member due to resignation at the end of the 71st ordinary general meeting of shareholders.
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.