■ Company Overview of NISSAN TOKYO SALES HOLDINGS <8291>

1. Company Overview

The company is a holding company with four consolidated subsidiaries, including the NISSAN MOTOR CO affiliated car dealer (NISSAN Tokyo Sales), and three non-consolidated subsidiaries. Its main subsidiary, NISSAN Tokyo Sales, operates in the heart of Japan, where the population is concentrated in Tokyo, selling NISSAN and Renault brand vehicles, boasting one of the largest scales among dealerships nationwide. The company primarily purchases advanced vehicles and parts, including EVs, from NISSAN MOTOR CO and its group companies for sale, as well as engaging in the business of buying and selling used cars, body maintenance, and vehicle inspections, offering all services related to car life in a one-stop manner as a front-runner in comprehensive mobility services.

2. History

The company was established in Tokyo City as Tokyo Automobile Distribution Co., Ltd. based on the Ministry of Commerce and Industry's notification "Guidelines for the Organization of Automobile and Automotive Parts Distribution" in 1942. After World War II, it changed its name to Tokyo NISSAN MOTOR CO Sales in 1946, and gradually expanded its business along with motorization, listing on the first section of the Tokyo Stock Exchange in 1961. In 1989, it entered the system business by establishing Tokyo NISSAN Computer Systems and in 2002, it established Vehicle Inspection Hall Co., Ltd. to strengthen vehicle inspection maintenance. In 2004, Tokyo NISSAN Computer Systems was listed on the JASDAQ market. In the same year, by way of company split, it transitioned to a holding company structure and changed its name to Tohin Car Life Group Inc., followed by a third-party allocation of new shares to NISSAN MOTOR CO’s subsidiary, NISSAN Network Holdings Inc., becoming an equity-method affiliate of NISSAN MOTOR CO. In 2011, three companies based in Tokyo, Tokyo NISSAN MOTOR CO Sales, NISSAN Prince Tokyo Sales Co., Ltd., and NISSAN Prince Nishi Tokyo Sales Co., Ltd. were grouped together, almost exclusively undertaking the sales of NISSAN MOTOR CO in Tokyo. Consequently, the company changed its name to the current NISSAN Tokyo Sales Holdings. As the grouping progressed smoothly, in July 2021, aiming for further efficiency and economies of scale, the three NISSAN sales companies integrated to establish NISSAN Tokyo Sales, becoming one of the largest car dealers in the country both in name and reality. Moreover, to concentrate limited management resources on automotive-related businesses, all shares of Tokyo NISSAN Computer Systems were transferred to Canon Inc-Spons Adr in October 2023.

(Author: FISCO guest analyst Nobumitsu Miyata)