Partnership Between Itochu Enex and World Net Aiming for Enhanced Mobility and Efficient Services
Strategic Partnership Announcement
Itochu Enex Co., Ltd., headquartered in Chiyoda, Tokyo, and represented by President Nobuyuki Tabata, has entered into a strategic business alliance with World Net Co., Ltd. This partnership includes a capital investment by SBI Regional Business Succession Investment Co., Ltd., through its business succession fund, which involves acquiring part of World Net's shares.
Founded in 1988, World Net operates in Hokkaido and across 22 locations nationwide—13 directly-operated and 9 franchise units—specializing in rental car services for businesses and tourism. They own several thousand vehicles, known for delivering new, high-quality cars while prioritizing customer-oriented service, which has garnered positive evaluations from clients.
Objectives of the Partnership
The collaboration aims to leverage World Net's strong local networks and operational prowess in the rental car industry, combined with Itochu Enex's diverse client base and expertise in energy and mobility sectors. This synergy seeks to stimulate growth and enhance corporate value for both parties.
Through this partnership, Itochu Enex and World Net plan to:
1. Enhance Mobility Services: Innovation in mobility-related services through advanced technological implementation.
2. Improve Operational Efficiency: Streamlining business processes for better productivity.
3. Expand Business Portfolio: Leveraging combined customer bases and corporate networks to reach broader markets.
4. Collaborative System Development: Jointly developing high-functionality systems to respond to emerging market needs, such as unmanned rental services and optimized pricing systems.
5. Adopt New Revenue Streams: Introducing electric vehicle (EV) and power-related services to create fresh opportunities for income generation.
6. Strengthen Franchise Operations: Optimizing functions and improving operational frameworks within franchise expansions.
Vision for the Future
Itochu Enex's collaboration with World Net is set to enhance service convenience and added value for customers nationwide. By capitalizing on strengths within the energy sector, the focus remains on establishing new revenue bases and evolving business models with a long-term perspective. This will contribute to sustainable competitiveness and the successful execution of growth strategies.
About World Net Co., Ltd.
Company Overview
- - Name: World Net Co., Ltd.
- - Location: 7-9-16 Kitakoh 3-chome, Shiroishi-ku, Sapporo City, Hokkaido
- - Representative: Shuuro Narita
- - Established: August 10, 1988
- - Business: Rental car and leasing services, distribution services, insurance services
- - Website: World Net
In summary, this partnership marks a significant step toward advancing mobility-related services and operational excellence, paving the way for ongoing growth and innovation in the industry.
Topics Consumer Products & Retail）
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