The establishment of the overseas subsidiary in the UK, disclosed on August 13, aims to serve as a foothold for future expansion in the European market. Whether we proceed with direct operations or enter into franchise agreements in Europe, having a base in the region is essential, especially to comply with the EU General Data Protection Regulation (GDPR), which led to the decision to establish this subsidiary.

As for whether we will start operating “ChargeSPOT” in the UK through direct operations or franchises, that is still undecided. Plans for expansion into other European countries and the methods to be employed are currently also undecided.