Marubeni : Investment in IOSYS, a Company Engaged in the Purchase and Sale of Smartphones and Other Devices
April 03, 2024 at 10:08 pm EDT
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Apr. 04, 2024
Marubeni Corporation
On April 1, 2024, Marubeni Corporation (hereinafter, "Marubeni") finalized an investment (hereinafter, the "Investment") in IOSYS Holdings Co., Ltd. (hereinafter, "IOSYS HD"), the parent company of IOSYS Co., Ltd. (hereinafter, "IOSYS"), a company engaged in the purchase and sale of IT devices such as smartphones and PCs (hereinafter, the "Business"), thereby entering the consumer smartphone reuse business.
IOSYS outlet (Shinjuku West Exit)
IOSYS outlet (Osaka Trade-in Center)
In recent years, the smartphone reuse market has seen rapid expansion due to rising interest driven by the increasing prices of smartphones themselves. In Japan, sales volumes of second-hand smartphones increased from 1.63 million units in 2019 to 2.34 million units in 2022, and further growth is expected going forward*. Additionally, the reuse of smartphones promotes a circular economy, and the expansion of the reuse market contributes to reducing environmental impacts. Against this background, Marubeni has been engaged in the reuse business for smartphones, PCs, and other devices for corporate clients through its subsidiary, Mobile Care Technologies, Co., Ltd.
IOSYS has been involved in the reuse business for IT devices since its foundation in 1996. Currently, IOSYS purchases smartphones and other devices from individual consumers and corporations in Japan, performs data erasure and inspections, and then sells them to individual consumers and domestic and overseas corporations, through its 11 domestic stores and e-commerce website. Following the Investment, Marubeni will enter the consumer reuse business in addition to its existing corporate reuse business. Going forward, Marubeni aims to strengthen and expand the Business by leveraging IOSYS's diverse services and products that cater to consumer needs, as well as Marubeni's existing business networks.
Furthermore, in the context of Marubeni setting out its aim to strengthen its green business in its mid-term management strategy "GC2024", this Business will contribute to the development of a circular society.
*Source: Reports published by MM Research Institute, Ltd. March 2020 and August 2023
IOSYS overview
Company Name:
IOSYS, Co., Ltd.
Head Office:
19F Midosuji Grand Tower, 3-5-1 Bakuro-machi, Chuo-ku, Osaka
Established:
October 30, 1998
Representative:
Naoki Nakamoto (CEO)
Main Business:
Purchase and sale of IT devices such as smartphones and PCs
Website:
https://corporate.iosys.co.jp/
IOSYS HD overview
Company Name:
IOSYS Holdings, Co., Ltd.
Head Office:
19F Midosuji Grand Tower, 3-5-1 Bakuro-machi, Chuo-ku, Osaka
Established:
February 17, 2022
Representative:
Naoki Nakamoto (CEO)
Main Business:
Management and administration of group companies and related activities
Website:
https://iosysholdings.co.jp
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Marubeni Corporation published this content on
04 April 2024 and is solely responsible for the information contained therein. Distributed by
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04 April 2024 02:07:02 UTC.
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
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