Autobacs Seven Co., Ltd. announced that the Board of Directors has resolved to additionally appointment of Kiomi Kobayashi as Representative Director and Vice Chief Executive Officer, effective as of April 1, 2016. The current representative director, Mr. Setsuo Wakuda is scheduled to retire from the director position due to expiration of term of office at the 69th ordinary general meeting of shareholders in late June 2016 while scheduled to assume the office of senior adviser of the company and a representative director of AUTOBACS Group Mutual Benefit Society following the necessary procedures for appointment.
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. 
