OREANDA-NEWS. March 29, 2012. AUTOBACS SEVEN Co., Ltd. (“The Company,” Representative Director and CEO: Setsuo Wakuda) decided today, to acquire all share of its franchise company, UNIX Ltd.(“UNIX”), and take over the business as its wholly-owned subsidiary.

 1. Purpose of share acquisition
 As described in the AUTOBACS 2010 Medium-Term Business Plan, AUTOBACS Group is aiming to increase market share and improve store profitability by strengthening its franchise chain business in Japan.
 As part of the effort, the Company decided to consolidate store ownership in the Yamaguchi area, to simplify the operational structure and increase area competitiveness and management efficiency.
 It also aims to actively start new businesses such as statutory inspection & maintenance services and car sales & purchases, to develop stores that customers support and trust, in line with the corporate slogan of “Anything about cars, you find at AUTOBACS.”