We buy back surplus inventory, mainly sports equipment and sports bikes, from retail stores, and sell it through our existing EC platforms. With an average gross margin of 60%, this is a highly profitable business. Over several years we have independently developed several hundred retail stores across all 47 prefectures of Japan. * Strengths of this business Customer information is all compiled into lists by region, and transactions are ongoing. Appraisal and sales know-how can also be handed over. Since this business currently has no notable rivals, we believe it would be easy to expand the …

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