OREANDA-NEWS. AUTOBACS SEVEN Co., Ltd. decided a transfer of store ownership of its consolidated subsidiary, AUTOBACS Yamato Ltd.("AUTOBACS Yamato") to Katsuragi Co., Ltd.("Katsuragi"), a member corporation of the AUTOBACS franchise chain, and dissolution of AUTOBACS Yamato. Details are as follows:

1. Purpose of transfer and dissolution of a subsidiary
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 Nara area and simplify the operational structure and increase area competitiveness and management efficiency.

2. Outline of transfer and dissolution of a subsidiary
Katsuragi, which is one of AUTOBACS SEVEN's franchisees, is taking over the operation on Super AUTOBACS Yagi Store, AUTOBACS Yamato-Koriyama Store and AUTOBACS Nara dai-anji Store from AUTOBACS Yamato. The date of transfer is scheduled on March 1, 2014.