2024.08.19 Mon | IR FAQ - Category

【FY24 Q2 Earnings FAQ】Please explain the potential challenges and risks anticipated in expanding into the European market, particularly from the perspective of differences compared to the Asian region.”

The first difference between Japan/Asia and Europe is that touch payments are mainstream, rather than QR code payments. INFORICH’s strength lies in having an R&D team in Guangzhou. We aim to work on localization in collaboration with this R&D team. In Australia, battery stands that support touch payments have already been installed, so we can also learn from Australia’s Ezycharge.

Another difference is that there aren’t any stores equivalent to convenience stores in Europe. In Japan, convenience stores are key locations for easy rental access for users. Depending on the country, this could change to places like cafes or pubs. We aim to address these differences by building a team that thoroughly understands the local context.

In any country, as long as there is a demand for charging, we believe we can succeed.