FAQ

Our company founded on June 29, 1985.

On this day, we held the world's first used car TV auction(※1).

In 1985, when the word “Internet” did not even exist, we created an auction that allowed the distribution of information without moving either goods or people.

 

(※1　Used vehicle real-time, members-only online auctions run by Aucnet)

For an overview of our company, please refer to “Company Overview".

It comes from the auction network.

We have established a sustainability policy called “Circulation Engine: Circulating Valuable Goods on a Global Scale” and are developing our business based on the concept of “circular distribution,” which circulates all “valuable goods” to “those who need them.”

For details of our business, please refer to “Segment Information.”

Our philosophy is "Authenticism".

We have been constantly pursuing the question “What is authentic service?” and exploring services to make transactions more efficient and secure for our partners.

We will use the power of information to create circular markets for a wide variety of business areas in order to deliver “all kinds of valuable goods to people who need them".

In our medium-term management plan formulated in 2025,
we have established a vision of "Working with partners worldwide
to shape the future of the circular economy".

For more information, please refer to the "Medium-Term Management Plan".

In our medium-term management plan formulated in 2025, we have set the following numerical targets: GCV of 1 trillion yen as a long-term target and EBITDA of 10 billion yen, ROE of 15-20%, payout ratio of 40% or higher as medium-term quantitative targets.

For more information, please refer to the “Medium-Term Management Plan".

We returns profits to our shareholders in order to achieve a payout ratio target of 40% or higher.

For more information, please refer to the "Dividend".

It is December 31st.

Please refer to the latest IR materials on the “For Investors” page or various materials in the "IR Library" for the latest financial results

Please refer to “Main Financial Indicators” and “Cash Flows” for the most recent financial situation.

Please refer to “Earnings Forecast” and “Earnings Report” for our result forecasts.

Please refer to “IR Calendar” for our IR-related schedules.

Please refer to the “Segment Information” for more information on the financial results of each segment.

 It was on March 29th, 2017

Our security code is 3964.

We have adopted a share unit system whereby one unit consists of 100 shares of common stock.

Please refer to “Basic Stock Information” to see other stock related information.

Our company aims for a dividend payout ratio of 40% or higher, and pays dividends twice a year, at the end of the first half and the end of the fiscal year.

For more information, please refer to “Dividend”.

Shareholders who are recorded on the Company’s shareholder register on the vesting date of December 31 of each year with holdings of more than 100 shares (one unit) of the Company enjoy a shareholder benefit program according to the lengths of their holding periods. The Company provided the shareholder benefits to shareholders who are recorded on the shareholder register on the record date of December 31, 2024 as shown in the table below. 

 

Number of Shares	Holding Period of Shares	Shareholder Benefits
More than 1 unit (100 shares)	Less than 1 year	A QUO card of JPY 1,000
More than 1 unit (100 shares)	More than 1 year	QUO cards of JPY 2,000

 ※A QUO card: a prepaid card that you can use in certain shops in Japan

 

Details of shareholder benefits for shareholders recorded on the shareholder register on the record date of December 31, 2025 are currently under consideration. Specific details will be disclosed promptly once they have been decided.