Trust

Basic Information

Stock Code
3347
Industry
Retail Industry
Category Detail
Automobile Retailers
Prefecture
Aichi Prefecture
Establishment Year
December 1988
Listing Year
November 2004
Official Website
https://www.trust-ltd.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Sysloc, Apple International, Nexstage, Bike King & Company, Aucnet, USS, Access HD, Up Garage Group, Well Being Group, Toho Remac, IDOM, Optimus Group, Key Holdings

Overview

Trust is a company established in 1988 with used car export business as its core. It has built strong sales channels in the African and Latin American markets and is promoting overseas expansion and diversification.

Current Situation

Trust recorded consolidated sales of 17.993 billion yen in 2015 and is a leading company in the used car export industry with a stable revenue base. It mainly targets Africa and Latin America as its core markets and also operates automobile dealer businesses locally. It is also expanding its rental car business through its subsidiary J-net Lease. The number of consolidated employees is 296, efficiently utilizing management resources. In recent years, it has actively pursued overseas market development, with a key strategy focused on expanding sales networks in emerging markets. VT Holdings holds 72.62% as the major shareholder, supporting management stability. Moving forward, under the market selection system, it will transition to the Tokyo Stock Exchange Second Section, aiming in the medium term to increase the overseas sales ratio and improve profitability in the lease business. It carefully manages external risks such as environmental regulations and fluctuations in international logistics costs while focusing on strengthening collaboration with local partners. In the long term, it aims to enhance competitiveness through reinforced multi-regional expansion and digitalization.

Trivia

Interesting Facts

  • Founded in Amagasaki City, Hyogo Prefecture, in December 1988.
  • Specializes mainly in used car exports to Africa and Latin America.
  • Has two automobile dealer subsidiaries in the Republic of South Africa.
  • J-net Lease rental car business has grown after becoming a subsidiary.
  • Listed on Tokyo Stock Exchange Mothers in 2004, then transitioned to Second Section in 2015.
  • VT Holdings is the major shareholder supporting the management foundation.
  • Head office located in Eiraku VT Building, Sakae 3-chome, Naka-ku, Nagoya City.
  • Consolidated employee count is around 300.
  • Also operates used car auctions.
  • Actively developing emerging countries through overseas sales expansion.
  • Conducts some two-wheeled vehicle exports to Southeast Asia.
  • Extensively operates automobile parts sales business.
  • Overseas local subsidiaries contribute to strengthening local sales networks.
  • Related companies are advancing diversification including rental cars.
  • Has established a solid and stable position within the industry.

Hidden Connections

  • Creates cross-industry synergies through capital participation by VT Holdings.
  • South African subsidiary is an indispensable presence in local major automobile distribution.
  • Rental car leasing business via J-net Lease is a key revenue pillar within the group.
  • Functions as a bridge between emerging market automobile demand and used car supply.
  • Has multiple industry-related shareholders linked to Nikkei-related stocks.
  • Maintains close cooperation with overseas partner companies.
  • Established a stable management model within the group of companies specialized in used car exports.
  • Head office in Eiraku VT Building, strengthening ties with the local economy.

Future Outlook

Growth Drivers

  • Growth in emerging markets in Africa and Latin America and increasing automobile demand.
  • Promotion of used car environmental impact reduction technologies.
  • Diverse service expansion including rental cars and car sharing.
  • Efficiency improvements through digital transformation.
  • Optimization of international logistics and cost reductions.
  • Improved service quality through strengthened local subsidiaries.
  • Adaptation to legal regulations and stricter environmental standards.
  • Strengthened domestic and international partnerships.
  • Expansion of used car parts sales and recycling business.
  • Enrichment of product lineups tailored to customer needs.
  • Enhanced brand recognition in overseas markets.
  • Improved social evaluation through ESG management promotion.

Strategic Goals

  • Expansion of used car export share in Africa and Latin American markets.
  • Enhanced profitability and diversification promotion in the rental car business.
  • Promotion of introduction of environmentally friendly vehicles and services.
  • Full deployment of digital sales platforms.
  • Achieve 30% reduction in CO2 emissions through logistics efficiency.
  • Strengthen top 3 revenue-generating overseas local bases.
  • Double sales in used car parts business.
  • Strengthen social contributions through ESG activities.
  • Double sales through new market development.
  • Establish sustainable symbiotic relationships with local communities.

Business Segments

Used Car Export

Overview
Exports used cars to major overseas markets and collaborates with local dealers to promote sales.
Competitiveness
Local needs responsiveness through local subsidiaries
Customers
  • Overseas Automobile Dealers
  • Overseas Exporters
  • African Local Corporations
  • Latin American Local Corporations
  • Overseas Investment Funds
Products
  • Used Passenger Cars
  • Commercial Vehicles
  • Two-wheeled Vehicles
  • Vehicle Maintenance Services
  • Logistics and Delivery Support

Rental Car and Lease Business

Overview
Deploys a variety of rental car and leasing services for corporations and individuals.
Competitiveness
Provision of diverse vehicle types and flexible lease terms
Customers
  • Corporate Customers
  • Travel Agencies
  • Local Governments
  • Corporate Event Planning Companies
  • Airlines
Products
  • Long-term Lease Vehicles
  • Short-term Rental Cars
  • Car Sharing
  • Maintenance Services
  • Vehicle Management Systems

Automobile Parts Procurement and Sales

Overview
Promotes overseas transactions of reliable used and rebuilt parts.
Competitiveness
Abundant parts inventory tailored to local demand
Customers
  • Overseas Repair Shops
  • Used Car Dealerships
  • Automobile Repair Shops
  • Exporters
  • Retail Stores
Products
  • Engine Parts
  • Suspension Parts
  • Transmission Parts
  • Electrical Parts
  • Body Parts

Logistics and Transportation Services

Overview
Efficiently supports all aspects of logistics associated with used car exports.
Competitiveness
Specialized knowledge in import/export operations and local base network
Customers
  • Importers and Exporters
  • Automobile Dealers
  • Logistics Companies
  • International Forwarders
  • Shipping Companies
Products
  • International Transportation
  • Customs Clearance Procedures
  • Warehouse Management
  • Delivery Management
  • Cargo Insurance

Vehicle Maintenance Services

Overview
Enhances reliability of used cars through high-quality vehicle maintenance.
Competitiveness
Consistent after-sales service and warranty system
Customers
  • Rental Car Operators
  • Used Car Sales Agents
  • Overseas Corporate Customers
  • Automobile Repair Shops
  • Individual Users
Products
  • Regular Inspections
  • Breakdown Repairs
  • Maintenance Plans
  • Vehicle Inspection Services
  • Warranty Services

Overseas Sales Support Consulting

Overview
Consulting services to support the expansion of used car export businesses.
Competitiveness
Extensive overseas network and specialized knowledge
Customers
  • Used Car Sellers
  • Logistics Companies
  • Importers and Exporters
  • Local Partners
  • Financial Institutions
Products
  • Market Analysis
  • Sales Channel Development Support
  • Export Procedure Support
  • Local Regulation Compliance
  • Marketing Support

Competitive Advantage

Strengths

  • Strong overseas sales network
  • Operational strength of South African local subsidiary
  • Revenue base through diversified business expansion
  • Support from VT Holdings
  • Highly specialized rental car management team
  • Strong used car parts procurement capabilities
  • High adaptability to local markets
  • Stable financial base
  • Efficient logistics system
  • Powerful sales channels
  • Response to diverse customer needs
  • Skilled technical and maintenance expertise
  • Compliance with legal regulations
  • Entry into expanding Latin American market
  • Long years of industry experience and trust

Competitive Advantages

  • Rapid response in sales and services through local subsidiaries
  • Leadership position in used car exports to the African market
  • Wide range of vehicle lineups and flexible pricing
  • Synergies with rental car business through consolidated subsidiaries
  • Capital support and enhanced reliability from VT Holdings
  • Efficient international logistics and customs procedures
  • Parts sales network tailored to customer needs
  • Promotion of long-term market development strategies
  • Clear definition and implementation of region-specific strategies
  • Strong collaboration system with local partners
  • Provision of specialized maintenance and warranty services
  • Product and service development responding to market trends
  • Comprehensive B2B and B2C business deployment
  • Responsiveness to rapid market changes
  • Excellent customer support system

Threats

  • Rising international transportation costs
  • Impact of foreign exchange fluctuations
  • Supply-demand fluctuations in the used car market
  • Strengthened overseas regulations and customs barriers
  • Local political and economic instability
  • Intensifying price competition from competitors
  • Impact of strengthened environmental regulations
  • Fluctuations in used car appraisal prices
  • Challenges in maintaining used car quality
  • Decline in used car demand due to shift to new cars
  • Response to rapid technological evolution
  • Supply chain disruption risks

Innovations

2023: Development of Digital Sales Platform for Africa

Overview
Launched a service allowing local customers to purchase used cars and parts online.
Impact
Achieved new customer acquisition and improved sales efficiency.

2022: Enhanced IT Management for Domestic Rental Car Leasing

Overview
Renewed the rental car vehicle management system to improve efficiency and maintainability.
Impact
Contributed to reduced operating costs and improved customer satisfaction.

2021: Expansion of Environmentally Friendly Used Car Handling

Overview
Focused on exporting and selling used hybrid and EV vehicles.
Impact
Strengthened competitiveness in environmentally conscious markets.

2024: Support for IT Equipment Introduction at Local Dealers

Overview
Supported the construction of sales management systems at the South African subsidiary.
Impact
Contributed to efficient sales management and rapid order processing.

Sustainability

  • Promotion of vehicle selection policies aimed at reducing environmental impact of used cars
  • Strengthening CO2 reduction measures during automobile transportation
  • Introduction of fuel-efficient vehicles in the leasing business
  • Promotion of recycling activities for scrapped vehicles
  • Promotion of local employment creation and social contribution activities
  • Reducing environmental impact through logistics process efficiency
  • Prompt response to environmental regulation compliance
  • Implementation of eco-driving education within the company
  • Paper reduction through online procedures
  • Sustainable parts procurement policy