Aucnet, Inc.

Detailed Description

Aucnet Inc. provides information distribution services for auctions. It operates through Automobile Business, Digital Product Business, and Consumer Product Business segments. The Automobile Business segment is involved in the vehicle auctions, shared inventory market, and live-linked auction; and provision of proxy bidding service, used vehicle inspection service, and other services. The Digital Product Business segment auctions used digital equipment, including used smartphones and PCs, as well as offers services pertaining to distribution. The Consumer Product Business segment auctions pre-owned luxury brand items; and provides services pertaining to distribution. Aucnet Inc. also auctions used motorcycles, flowers, and medical related business. In addition, the company engages in the provision of BPO support services, such as clearance, conversion, and resale of excess inventories; and financial businesses. The company was formerly known as FTS Inc. and changed its name to Aucnet Inc. in September 1984. Aucnet Inc. was founded in 1982 and is headquartered in Tokyo, Japan.