OREANDA-NEWS. AUTOBACS SEVEN Co., Ltd. (“the Company,” Representative Director and CEO: Setsuo Wakuda) annouces today tha t it is taking over the store ownership of Shinbo Ltd.( “ Shinbo ” ), a member corporation of the AUTOBACS franchise chain . The details are as follows:

1. Purpose of transfer As described in its Medium - T erm Business Plan, AUTOBACS Group is aiming to increase market share and improve store profitability by strengthening its domestic AUTOBACS store business. As part of the effort, the Company decided to consolidate store ownership in the Niigata area, to simplify the operational structure and increase area competitiveness and management efficiency.

2. Outline of the transfer of store ownership The Company is taking over the operation of a store from Shinbo as of today. The store slated for transfer is AUTOBACS SHIRONE S tore .

3. Overview of the transferor company As of July 1 , 201 5

(1) Company name Shinbo Ltd. ( Shinbo )
(2) L ocation Niigata c ity, Niigata Prefecture
(3) Representative Masaru Shi nbo
(4) Line of business Retail of car goods and services (Operation of seven AUTOBACS stores)
(5) Capital JPY 50 million
(6) Established May 1972
(7) Present relationship between Shinbo and the Company

Capital relationship No relevant items
Personnel relationship No relevant items
Business relationship Shinbo and the Company have concluded AUTOBACS franchise agreement , AUTOBACS CARS franchise basic agreement, AUTOBACS CARS franchise agreement and merchandise sale and purchase agreement.
Third - party relationship Shinbo and the Company have not concluded a third - party relationship.

4 . Scheduled transfer date

(1) Dat e of the decision made: July 1 , 201 5
(2) Scheduled date of agreement: July 1 , 2015
(3) Scheduled d ate of transfer: August 22 , 201 5

5. Effect on performance The influence of this transaction on AUTOBACS SEVEN’s consolidated financial performance is assumed to be low.