Vision for 2030 Medium-Term Management Plan
The principle of our business is the pursuit of sanpo-yoshi (“good for all three sides”), meaning a business good for the seller, the buyer, and society.
This involves working closely with our customers, responding to their expectations, requirements, and complaints with the utmost commitment, and proposing the best services at all times, namely
at the point of purchasing a car,
during utilization and ownership,
and at the point of selling a used car.
The goal we have in mind beyond achieving net sales of 1 trillion yen, which is unprecedented for the used car industry, is to become a presence that our customers will turn to without thinking, throughout their driving life.
Be Loved by Customers
That is the vision toward which NEXTAGE aspires. That is our goal.
Current status of the automotive industry
Market size
6.2million vehicles nationwide
more than
20trillion yen
Retail used
car market
Approx.
¥2.6trillion
(Approx. 2.55 million
vehicles)
Trade-in and
purchasing
used car
market
Approx.
¥2.2trillion
(Approx. 4.0 million
vehicles)
Maintenance
market
Approx.
¥5.7trillion
(Vehicle safety inspection:
Approx. 16.3 million
vehicles)
New import
vehicle
market
Approx.
¥1.3trillion
(Approx. 0.25 million
vehicles)
New car
market
(domestic
production)
Approx.
4.3million
vehicles
Current status of the automotive industry
Approx. 81,000stores …More than the number of convenience stores（approx. 57,000 stores）*
Market characteristics
- Huge market
- A few large-scale chain operators
- Not yet oligopolized
* Reference: Economic Census; Japan Franchise Association website
Targetsof 2030
Net sales
1trillion yen
Operating income
90billion yen
The number of “managed people”
3million people
Achieve approx. 5% of our target users to expand the market share
Expand “Lifelong dealings with customers” which supply various service around vehicles
Medium-Term Management Plan
【Position】
important 3 years to achieve Vision for 2030
Fiscal
2024
Net sales
500 billion yen
Operating profit
30 billion yen
the number of
managed customers
1.1 million
<Medium to Long-Term Growth Vision>
(62 million of household vehicle）
Automobile Inspection & Registration Information Association, “Trend in Japan's Automobile Ownership/Table of Trends in Automobile Ownership (2021)”
(Retail used car market)
Yano Research Institute Ltd., “Used Car Distribution General Guide 2020 Edition”
(New import vehicle market)
Japan Automobile Importers Association, “Trend in the number of new imported passenger car registrations by price range of vehicle (2020)” and “Trend in the number of new imported vehicle registrations by model (calendar year) (2020)”
(NEXTAGE calculated the market size by taking the median price range as the average value and multiplying it by the number of each unit.）
(New domestic vehicle market )
Japan Automobile Dealers Association, “Number of new car sales by year (registered vehicle + light vehicle) (calendar year) (2020)”
Japan Automobile Importers Association, “Trend in the number of new imported vehicle registrations by model (calendar year) (2020)”
(Trade-in and purchasing used car market)
Yano Research Institute Ltd., “Used Car Distribution General Guide 2017 Edition”
K.K. Used Car, “National Auto Auction Results (2020)”
(Maintenance market)
Japan Automobile Service Promotion Association, “Outline of the Results of the Fiscal 2020 Survey of Actual Conditions in the Automobile Specific Maintenance Industry”
Ministry of Land, Infrastructure, Transport and Tourism Statistics, “Annual Report on the Volume of Vehicle Inspection Services in 2020”
(The number of auto retail companies)
Ministry of Internal Affairs and Communications, “2016 Economic Census – Survey Activities/Aggregation Concerning Business Offices”