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AUTOBACS
AUTOBACS

 

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The company was founded by Toshio Sumino, in 1947 at Fukushima-ku, Osaka as Fuji Syokai Co., Ltd. A year later he opened a second branch in Osaka. In 1960 Sumino opened the first large scale automotive goods store, the Fuji Drive Shop and in 1969 he was involved in motorsport sponsorship by sponsoring a car in the Japanese Grand Prix. In 1974, he opened the first of the Autobacs stores: the "AUTOBACS Higashi Osaka Store" in Daitô, Osaka. In the following year, Autobacs would run its first franchise store "AUTOBACS Hakodate Nakamichi Store" in Hakodate, Hokkaidô. In 1977 Autobacs would start to develop and sell its own motor oil and tire to be sold in its own store, and at the end of the decade opened their 100th store, and in 1984 opened their 200th store.

 

On 11 July 2005, Autobacs entered into a Collaboration Agreement with the UK retailer Halfords,[1] On 13 December 2005 Autobacs acquired 5% (11,400,000 shares) of the company at approximately ¥7.5 billion.[2]