APPLE INTERNATIONALCO.,LTD. (2788) Stock Price

Market cap
¥4.8B
P/E ratio
7.2x
Apple International operates used car export and auction businesses in Japan and Thailand, while expanding into online luxury goods trading through specialty purchase shops.

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Business Overview

Apple International Co., Ltd. operates primarily in automotive sales-related business and reuse distribution business. In the automotive sales-related business, the company handles exports, purchases, and sales of used cars. It purchases used cars from general consumers domestically and sells them through domestic auto auctions or to overseas importers.

Apple Auto Network Co., Ltd. operates a franchise business for used car dealerships and conducts sales promotion activities using the "Apple" brand. The company provides franchise members with information on auction winning prices and inventory at auto auctions, and receives royalties in return. The company also invests in Apple Auto Auction (Thailand) Limited, which operates an auto auction venue in Thailand.

In the reuse distribution business, Apple Auto Network Co., Ltd. has begun purchasing branded items such as watches and precious metals. The company has built a system that completes the entire process from appraisal to sale online, and opened two specialty purchase shops in Tokyo in 2024. Through these initiatives, the company is pursuing business diversification.

Management Policy

Apple International Corporation aims to become a comprehensive trading company in the automotive distribution market, with business expansion and geographic diversification as its core growth strategy. The company operates automotive-related businesses globally and is committed to improving and enhancing society through its mission. It has expanded its operations primarily through used vehicle business in Southeast Asian countries and new vehicle business in China.

Under its medium-term management plan, the company implements a "balanced expansion policy" that maintains equilibrium between revenue from existing operations and investment in new ventures while pursuing revenue growth. The company prioritizes revenue growth rate as a growth indicator, operating profit margin as a profitability metric, and return on equity as an efficiency measure. It also pursues its group slogan "Visionary Company," focusing on organizational strengthening and synergy effects.

In used vehicle export sales, the company is making aggressive investments to capitalize on growing demand in Southeast Asian countries. By recruiting diverse talent and developing new markets, it aims to diversify country risk and achieve stable profitability. In Japan's domestic used vehicle distribution market, the company is leveraging management resources to develop new business models.

The company prioritizes securing and developing excellent talent, promoting continuous employee education. Through market research and information sharing, it plans and develops new business initiatives while strengthening corporate governance. The company is committed to reinforcing internal controls and improving management transparency to achieve sustainable growth.

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