
December 15, 2009
To All Stakeholders:
Company: USS Co., Ltd.
President and CEO: Yukihiro Ando
Stock code: 4732
Stock exchange listings: Tokyo and Nagoya (first sections)
Tel: +81-52-689-1129
Contact: Masafumi Yamanaka
Managing Director
Junior Managing Director, Officer, Supervisory Office
USS Gunma Announces Integration of Auction Operations
USS Gunma Co., Ltd., a wholly owned subsidiary of USS Co., Ltd., will combine the operations of its Gunma Auction Site and Fujioka Auction Site, both of which are in the northern Kanto area, at a single location. USS Gunma is taking this action to increase the number of vehicles it can handle and to operate its auctions more efficiently.
| 1. |
Integration plan
Starting in January 2010, auctions will be held every Saturday at the Gunma Auction Site. The Fujioka Auction Site will become a storage facility for vehicles to be auctioned at the Gunma facility and will be enlarged. This will allow the Gunma Auction Site to handle a larger number of vehicles. |
2. |
Effect on results of operations
This realignment of operations at USS Gunma will have only a negligible effect on consolidated results of operations in the current fiscal year. |
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