VT Holdings acquires Motoren Sapporo, expanding automotive business

VT Holdings (TSE:7593) announced today that its board of directors has approved the acquisition of all outstanding shares of Motoren Sapporo Co., Ltd., effective April 1, 2025. This move is part of VT Holdings' strategic plan to expand its automotive sales-related business. Motoren Sapporo operates new and used car dealerships for BMW and MINI vehicles in several cities in Hokkaido, including Sapporo, Obihiro, Kushiro, and Kitami. VT Holdings plans to leverage its existing operational expertise to enhance Motoren Sapporo's market share in the region. While VT Holdings anticipates a negligible impact on its consolidated financial results for the fiscal year ending March 31, 2025, the acquisition will contribute to the firm's long-term growth by integrating the acquired entity's operations and capitalizing on synergies. The acquisition involves VT Holdings purchasing 1,900 shares from current shareholders, including Takuro Nakajima, Asako Watagi, Daiei Sangyo Co., Ltd., Aoi Construction Co., Ltd., Hokkaido Leasing Co., Ltd., and The Hokkaido Bank, Ltd., at a total cost of ¥1,243 million.