PRESS RELEASE February 2017

Japanparts Group: A forward thinking company looking to the future

Japanparts Group - a family company established in 1988 - is now a well established organisation. They sell innovative spare parts for Asian vehicles in the Mediterranean area, Middle East and Latin America, and concentrate their core business on the Automotive industry, optimising the company footprint, which now also has a range of Shock Absorbers and is further established with the opening of a fourth warehouse. An ambitious strategic plan that intends to extend the range of action of a company that concentrates on the world of aftermarket auto parts and constantly seeks new, state-of-the-art technology to add to the catalogue.

Japanparts Group, with head offices in Verona, has specialised for more than thirty years in spare parts for Asian, European and American vehicles, under the Japanparts, Ashika and Japko labels. Today, there are over 30,000 part numbers for each of the three brands.
The range of products distributed by Japanparts includes 140 different product groups for all types of spare parts, from engine components to brakes, from clutches to electrical parts, to suspensions, only excluding car body parts. The constant growth in the automotive market under production in the Far East has led this company, in a short time, to a top position in the automotive spares sector.
Japanparts Group is a young company, with a workforce with an average age of just over 30 years. The staff is streamlined, with 25 people dedicated to the administrative part and 70 employed in logistics - which is entirely outsourced.
The company has a turnover in excess of 75 million Euro in 2016, and exports to more than 70 countries in 5 different continents. Between 2014 and 2016, Japanparts Group has seen double-figure growth in turnover both in Italy and in exports, and has confirmed the positive trend of previous years that positions it among the top positions in the aftermarket sector, processing orders for more than 70% growth in the last five years.
Japanparts Group has recently completed an important operation for optimisation of the company footprint: they have invested in adding Shock absorbers to their range of products, and in a short while have become one of their leading products, covering the European and Asian car park, providing results far beyond expectations.
The company has managed to overcome a difficulty in logistics, since the quantities in stock were not enough to satisfy requests from the market. At the same time, the space available in the two warehouses and the space at Japanparts was limited: (we are talking about 20,000 m2) - yet they were insufficient to receive the new stock on arrival. In 2016, therefore, the company opened a new designated warehouse for Shock Absorbers opposite the historical headquarters, thus increasing the surface area by a further 13,000 m2, dedicated exclusively to this product category.
In addition, in the coming year Japanparts expects to inaugurate a fourth warehouse, to reach a total of 40,000 m2 of total storage area, which will make it possible to consolidate their presence, ensuring speed and guaranteeing deliveries, in addition to increasing coverage of stock, which is already equivalent to around 6 months of sales.
The company's strength is the ability to anticipate trends and to work in a global context. In fact, it was one of the first to invest in a professional catalogue to be freely accessed over the internet, offered by Tec Doc, with whom they continue to collaborate, guaranteeing a privileged position in updating the data on this platform. The web catalogue on the websites (three, one for each retail brand), thanks to a large number of photographs, measurements and technical information, simplifies and accelerates identification of the correct
spare part, thus allowing operators to save precious time. Recently, in addition to the search by vehicle, we have also added a search by chassis and by license plate (reserved for Japanparts partner distributors). These systems are integrated with the possibility for distributors to verify the availability of the individual item in real time and to proceed directly to placing orders from their own reserved area. This operation has contributed to significantly increasing turnover, reaching almost 70% of overall turnover.
This update concerns an investment in materials and technology for integration of the online catalogue, with three-dimensional photographs of the products, that make it possible to identify the spare part and make the correct choice.
Alessandro Piazza, General Manager of Japanparts group, has this to say to those who ask about the company's dynamics and growth: "The strength of Japanparts Group lies in its flexibility, the speed of adapting to such a dynamic and quick-paced global market, increasingly significant stocks, and limited costs. Improving these qualities is our main objective for the future".