AUTO SERVER Co.,LTD.【JP:5589】Stock Price

AutoServer operates ASNET, an internet-based used car distribution platform for domestic used car dealers. The business is composed of two entities: AutoServer and AUTOSERVER VIETNAM CO., LTD., a non-consolidated subsidiary. The Vietnamese subsidiary handles partial system development for the ASNET service.

AutoServer's primary services are the "Auction Agency Service" and "AS One Plus Service," which together accounted for 93.0% of sales revenue in the fiscal year ending December 2024. The company also provides ancillary services including "Vehicle Transportation Arrangement Service," "Used Car Sales Support Service," "Customer Communication Support Service," "Used Auto Parts E-commerce Service," and "Car Accessories E-commerce Service."

The "Auction Agency Service" partners with 146 domestic auction venues, allowing ASNET users to participate in auctions through the platform. There are no membership fees, deposits, or monthly charges, and users can access all connected auto auctions. Specific service offerings include "AA Bidding," "AS Real," "AA One Plus," and "AA Consignment Listing."

The "AS One Plus Service" is an intermediary service for used car transactions between dealers. ASNET members list vehicle information with wholesale prices, and other members bid to complete transactions. AutoServer receives a commission when sales are finalized. In 2024, a total of 182,000 vehicles were listed on the platform.

The "Vehicle Transportation Arrangement Service" arranges transport for vehicles purchased or listed by ASNET members. Users can select from nine partner transportation companies, with AutoServer receiving commissions from these providers. The "Used Car Sales Support Service" assists sales operations using vehicle information on ASNET.

The "Customer Communication Support Service" supports consumer interactions through the smartphone application "MiruKuru," enabling quotations, negotiations, and appraisals with direct messaging functionality. The "Used Auto Parts E-commerce Service" partners with JARA to provide used parts search and sales. The "Car Accessories E-commerce Service" allows ASNET members to purchase supplies and equipment needed for used car sales. AutoServer receives a portion of sales revenue as commission through consignment sales agreements with product suppliers. Through these services, AutoServer addresses diverse needs in the used car distribution market.

AutoServer aims for growth in the used car distribution market through several strategic initiatives. First, the company prioritizes expanding membership and transaction volume on its "ASNET" platform. This is expected to attract more used car dealers to participate and increase trading activity. Specifically, the company is conducting sales activities targeting used car dealers, new car dealerships, and repair shops to strengthen its membership base.

AutoServer also seeks to improve transaction convenience through ASNET platform enhancements and data utilization. This approach aims to increase member usage frequency and boost transaction volume. Additionally, the company is strengthening partnerships with auto auction venues and used car dealers to enrich vehicle information available on ASNET.

The company is also investing in recruiting and developing talented employees. It is securing skilled personnel primarily in sales and systems divisions to advance ASNET maintenance and feature expansion. These efforts aim to enhance service quality and improve customer satisfaction.

Furthermore, AutoServer prioritizes system improvements and is strengthening ASNET's development structure through collaboration with its subsidiary, AUTOSERVER VIETNAM CO., LTD. This enables the company to advance app development and feature enhancements, ultimately improving user convenience.

Finally, the company is strengthening its organizational management capabilities and establishing internal controls to build a structure capable of responding to changing economic conditions. This enables swift and appropriate management decisions while maintaining competitiveness. Through these strategies, AutoServer aims to further strengthen its position in the used car distribution market and achieve sustainable growth.