BUDDICA Acquires Garage R and King Buyer, Accelerating Kanto Expansion and Sports Car Business Growth

BUDDICA Co., Ltd. (Headquarters: Takamatsu City, Kagawa Prefecture; Representative Director: Yusaku Nakano), which operates a used car sales business, announced that it has acquired shares in Garage R Co., Ltd. and King Buyer Co., Ltd. (Headquarters: Edogawa Ward, Tokyo; Representative Director: Toshihiko Nishino), known for their specialized sales of sports cars, making them group companies.

Through this acquisition, the company will fully launch its business expansion in the Kanto area and venture into the high-hobby vehicle segment, in addition to its existing focus on practical car sales.

■ Background and Purpose of the M&A

BUDDICA has been supporting the "Car and Life." of many customers by developing its used car sales business primarily focused on "cars as a means of transportation" essential for daily life.

Meanwhile, interest in the culture of enjoying cars as a hobby and lifestyle, in addition to their value as a "means of transportation," has been growing further. Particularly, fields such as sports cars and tuned cars are supported by a highly passionate fan base, forming a unique market.

Against this backdrop, BUDDICA decided to make Garage R, which has a proven track record in the sports car domain, a group company with the aim of expanding its business domain and acquiring new customer segments.

Through this acquisition, the company will promote the following initiatives:

- Entry into high-hobby vehicle segments such as sports cars - Expansion of product lineup to meet diverse "Car and Life." needs - Strengthening of business foundation in the Kanto area

Through these efforts, BUDDICA will evolve into a company that can provide a comprehensive "Car and Life." experience.

### ■ Company Overview

Company Name: Garage R Co., Ltd., King Buyer Co., Ltd. Location: Vingt-et-un Building 4D, 3-7-13 Funabori, Edogawa-ku, Tokyo Representatives: Representative Director and Chairman Yusaku Nakano, Representative Director and President Daisuke Nakano Business Activities: Management and operation of used car dealerships specializing in sports cars, management and operation of used car buying stores Official Website: https://garage-r.co.jp/

Company Name: BUDDICA Co., Ltd. Location: 187-1 Rokujo-cho, Takamatsu City, Kagawa Prefecture Representative: Representative Director Yusaku Nakano Business Activities: Used car sales / Planning and sales of "PHOENIX BODY" series car care products / Automotive maintenance business / Media operation, etc. Official Website: https://buddica.jp

### ■ Contact Information

BUDDICA Co., Ltd. Public Relations TEL: 087-802-2982 MAIL: [email protected] (Reception hours: 10:00-19:00 *Closed on Wednesdays and Sundays)