Announcement of New Collaboration with Chibagin Lease Co., Ltd.

Chibagin Lease Co., Ltd. (Headquarters: Chiba City, Chiba Prefecture; President and CEO: Masayuki Sugihara; hereinafter "Chibagin Lease") announces the launch of a collaborative initiative with Otoron Cars Co., Ltd. (Headquarters: Shinjuku-ku, Tokyo; President and CEO: Seiichi Yoshitake; hereinafter "Otoron Cars"), which operates "Otoron," a used car dealership specializing in in-house financing. The collaboration will focus on vehicle refurbishment, acquisition, and resale of off-lease vehicles.

This initiative aims to enhance the residual value of off-lease vehicles through a flexible partnership that leverages the expertise and strengths of both companies.

1. Background and Objectives

The current used car market continues to experience tight supply due to a shortage of available vehicles, driving up market prices. Under these conditions, ensuring stable supply and promoting the circulation of higher-value vehicles have become increasingly important.

In response, Chibagin Lease has been continuously working to expand sales channels for off-lease vehicles upon termination of auto lease contracts. Furthermore, recognizing evolving market demands, the company has actively explored opportunities beyond existing initiatives to further broaden its distribution channels.

As a result of these efforts, Chibagin Lease has decided to partner with Otoron Cars, a company with proven expertise and a strong track record in used vehicle refurbishment, acquisition, and resale, to jointly advance initiatives leveraging both companies' know-how.

Through this collaboration, Chibagin Lease expects to smoothly supply its off-lease vehicles into Otoron's nationwide sales network. This is anticipated to optimize the used car supply chain and contribute to improved business profitability.

Otoron Cars, a group company of Autobacs Seven Co., Ltd. (Headquarters: Koto-ku, Tokyo; President and CEO: Yugo Hori), operates used car dealerships nationwide, primarily offering in-house financing. The company ensures high vehicle quality through proprietary sales and credit assessment expertise, as well as large-scale maintenance facilities, and has accumulated extensive sales experience across diverse customer segments.

2. Scope of Collaboration

- Refurbishment of off-lease vehicles and similar

- Collaboration on vehicle acquisition and resale

3. Start Date of Collaboration

June 30, 2026 (Tue)

4. Company Overview

Otoron Cars Co., Ltd.

Address: 3-5-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo 163-0351, Shinjuku Century Land Building

Representative: President and CEO Seiichi Yoshitake

Business Activities: Automotive purchase support, used car appraisal and acquisition

Website: https://corp.otoron.jp/

Chibagin Lease Co., Ltd.

Address: 1-10-2 Nakase, Mihama-ku, Chiba City, Chiba Prefecture 261-0023, Chibagin Makuhari Building 8F

Representative: President and CEO Masayuki Sugihara

Business Activities: Automotive leasing, leasing of information and communication equipment, industrial and production machinery

Website: https://www.cblnet.co.jp/