ICDA Holdings

What ICDA Holdings does

ICDA Holdings is a Mie Prefecture, Japan-based automotive retail holding company listed on the Tokyo Stock Exchange Standard Market and Nagoya Stock Exchange Main Market under ticker 3184. The group operates new-vehicle dealerships for Honda, Audi, and Volkswagen, the multi-brand Auto Mall format (seven Auto Mall areas), and the VERSUS, VERSUS PLUS, and POINT⑤ used-car channels, and integrates downstream via Mark Corporation, a 100% ELV recycling center processing end-of-life vehicles and participating in rare-earth recovery with Mitsubishi Materials and Honda Trading.

The group serves primarily individual retail buyers across Mie Prefecture, with a smaller commercial and local-government relationship base (including disaster-response and university partnerships). Revenue is generated from new-vehicle sales (5,870 domestic + 404 imported units in FY2026), used-vehicle sales (9,891 units, up 2.4% YoY), after-sales service and parts, and ELV recycling (8,268 units processed in FY2026), with FY2025 revenue of 38,181 million yen, ordinary profit of 1,835 million yen, and net income of 1,274 million yen.

The business model is a vertically integrated regional dealer group: capture the customer at new-vehicle sale, retain through service and parts, recapture on trade-in via POINT⑤, and monetize the end-of-life asset through Mark Corporation. ICDA employs 392 people as of March 2026, has been family-led by the Mukai family since its 1967 origin and 2009 holding-company formation, and is currently addressing a governance remediation process triggered by a February 2024 former-executive fraud incident and subsequent Special Investigation Committee report.

Name

ICDA Holdings

Legal name

ICDAホールディングス株式会社

Website

https://icda.jp

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

ICDA Holdings is a Mie Prefecture, Japan-based automotive retail group operating Honda, Audi, and Volkswagen dealerships across seven Auto Mall areas, integrated with used-car channels (VERSUS, POINT⑤) and end-of-life vehicle recycling (Mark Corporation), serving primarily individual retail buyers locally.

Ownership category

akta.pro rank

Product category

Automobile Dealership Services

NAICS

Automobile Dealers (4411), Used Car Dealers (44112), Motor Vehicle and Parts Dealers (441)

SIC

Retail-Auto Dealers & Gasoline Stations (5500), Wholesale-Motor Vehicle Supplies & New Parts (5013)

akta.pro primary industry

Automotive Parts & Mobility Recommerce (Parts, Accessories, Bikes/Scooters) (CRAFAGAI)

akta.pro secondary industry

Automotive Vehicles & Parts C2C (CRAFAKAE)

Keywords

• New car dealerships
• Used vehicle sales
• Automobile recycling
• Vehicle maintenance services
• Automotive retail

Headquarters

HQ city

Mie

HQ country

Japan

HQ region

Asia

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. New vehicle sales: Sales of new Honda, Audi, and Volkswagen vehicles through branded dealership franchises. Domestic new vehicle sales of 5,870 units and imported vehicle sales of 404 units reported for FY2026.
2. Used vehicle sales: Sales of used vehicles through VERSUS, VERSUS PLUS, U-Select, and other used car outlets. Used vehicle sales of 9,891 units reported for FY2026. The company operates used car auctions and maintains extensive inventory across multiple locations.
3. Used car purchasing (trade-in and direct purchase): POINT⑤ chain provides used car purchasing services, buying vehicles directly from consumers at competitive prices. Enables the company to maintain used car inventory for resale.
4. After-sales service and maintenance: Vehicle inspection, maintenance, repairs, and insurance agency services provided at dealership locations. Contributes to customer retention and recurring revenue.
5. Automotive recycling: End-of-life vehicle recycling through Mark Corporation (Suzuka Auto Recycle Center). Achieves 100% recycling rate. Processes approximately 8,273 vehicles annually. Generates revenue from material recovery (steel, aluminum, rare earth elements).

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

ICDA Holdings operates an integrated automotive retail and lifecycle business in Mie Prefecture, Japan. Through its three subsidiaries, it sells new Honda, Audi, and Volkswagen vehicles at franchised dealerships, sells and purchases used vehicles through the VERSUS and POINT⑤ chains, provides inspection/maintenance/repair services, and recycles end-of-life vehicles at the Suzuka Auto Recycle Center. The Auto Mall concept consolidates multiple brands and services at single locations, supporting customers across the entire vehicle ownership lifecycle.

Product overview

ICDA Holdings operates as a diversified automobile distribution conglomerate offering a comprehensive 'Value Chain Cross Mix Business' model. The portfolio includes three new car dealerships (Honda Cars 三重北, アウディ三重, フォルクスワーゲン), two used car sales brands (VERSUS, VERSUS PLUS with premium quality standards), a used car purchasing service (ポイント⑤), and automobile recycling operations (鈴鹿オートリサイクルセンター through Mark Corporation). The company pioneered Japan's first automobile shopping mall concept 'Automall' in 1998, now expanded to 7 areas. Products are distributed through multiple formats including stand-alone dealerships, combined automall complexes, and U-Select/U-ZOO certified used car programs.

Differentiator

Problem solved

Functional benefit

Brands

• オートモール (Auto Mall): Multi-brand automotive shopping mall concept combining new car dealers, used car dealers, and automotive services in one location
• Honda Cars 三重北
• VERSUS
• VERSUS PLUS
• POINT⑤
• 鈴鹿オートリサイクルセンター

Products and services

• Honda Cars Mie Kita (Honda Cars 三重北)

Quantifiable outcome

• Automotive sales revenue: 375億13百万円 (FY2026)
• +4 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• Mie University (三重大学)minorGTM or Marketing Partner · 10 December 2024Corporate sponsorship relationship where ICDA Holdings donated to Mie University's Development Fund to support 75th anniversary commemorative events and educational activities. The company participates in university-industry collaboration lectures.
• Suzuka City Government (鈴鹿市)coreStrategic or Co-development Partner · 17 December 2020Disaster response cooperation agreement signed between ICDA Holdings and Suzuka City. During large-scale disasters such as earthquakes, ICDA Holdings provides vehicles to the city when official vehicles are insufficient, and supplies electric vehicles as emergency power sources for evacuation shelters.
• Mie Prefecture (三重県)minorOthers · 23 December 2019ICDA Holdings joined Mie Prefecture's 'Ikuboss Alliance' (みえのイクボス同盟), a consortium of company executives committed to supporting work-life balance and promoting women's participation in the workplace and men's involvement in childcare.
• Mitsubishi Materials Corporation (三菱マテリアル株式会社)minorStrategic or Co-development Partner · 16 October 2015Joint development partner in NEDO-funded research project for neodymium magnet and non-ferrous metal recovery from end-of-life vehicles. The collaboration was recognized with the Rare Metal Recycling Award from the Japan Industrial Environmental Management Association.
• Honda Trading Corporation (株式会社本田技術研究所)minorStrategic or Co-development Partner · 1 January 2015Joint development partner in NEDO research project for recovering neodymium magnets and non-ferrous metals from scrap vehicles, contributing to rare earth recycling technology development.

Scale indicators10 records

Recent moves13 records

Expansion highlights4 records

Direct peers

• IDOM Inc. Formerly Gulliver International, IDOM is one of Japan's largest used car retailers with a national network. Comparable to ICDA's VERSUS and POINT5 used car operations, though IDOM is significantly larger and more geographically diversified.
• NEXTAGE Co., Ltd. Japanese multi-brand auto dealer and used car specialist operating a showroom-style retail model similar to ICDA's Auto Mall concept. Closely comparable in business model combining new and used vehicle sales across multiple brands.
• USS Co., Ltd. Japan's largest operator of used car auction sites, providing B2B used vehicle transaction infrastructure. Comparable to ICDA's used car purchasing and resale operations through POINT5 and VERSUS, though USS operates auction sites rather than direct retail.

Broad incumbents

• Yellow Hat Ltd. Major Japanese auto parts and accessories retailer with national chain of outlets. Comparable to ICDA's service and maintenance offerings, though specialty parts retail rather than vehicle dealer.
• CarMax, Inc. Largest US used car retailer with integrated appraisal, financing, and recycling operations. Comparable to ICDA's used car resale and trade-in business model, though operating at much larger scale and with stronger digital infrastructure.
• Autobacs Seven Co., Ltd. Japan's largest specialty retailer of automotive parts, accessories, and tires with national network. Overlaps with ICDA's after-sales service and parts operations but focused on parts retail rather than vehicle sales.
• AutoNation, Inc. Largest US automotive dealer group operating multiple franchise brands across multiple states. Comparable to ICDA's multi-brand dealership franchise model, though at significantly larger scale and national geographic footprint.

Others

• Honda Motor Co., Ltd. OEM and franchisor of ICDA's largest new vehicle distribution business through Honda Cars Mie Kita. Not a direct competitor but the principal supplier partner whose strategic direction and franchise terms directly drive ICDA's largest revenue stream.
• Volkswagen Group Japan K.K. Japan arm of Volkswagen Group that grants ICDA's Audi and Volkswagen dealer franchises. Importing entity and OEM partner rather than direct peer, but its strategic priorities directly affect ICDA's imported vehicle sales channel.

Emerging players

• G-7 Holdings Inc. Japanese operator of Auto Trust and car-related retail businesses including used car sales and maintenance. Smaller-scale dealer and service operation comparable to ICDA's regional multi-brand dealership model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICDA Holdings