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International Business

Building a Thoroughly Differentiated Business with Alliance Partners and
Leveraging Our Unrivaled Global Network

We are developing a leasing and auto business through a global network of offices in more than 30 countries and regions around the world, centered on North America and Asia.

International Business

Focusing on growth businesses and niche areas by leveraging our strengths

Segment Assets
¥ 655.7 billion
Distribution of Segment Assets
12 %
Ordinary Income
¥ (0.9) billion

*As of March 31, 2023

Strengths

The segment has an unrivaled global network of offices in more than 30 countries and regions around the world as well as our alliances with prime Japanese partners,
such as the NTT Group, and promising local companies overseas.

The high-quality leasing services delivered through CSI Leasing, Inc. (CSI), an IT equipment leasing subsidiary in the U.S.,
are supported mainly by global companies.

Opportunities

  • Expansion of 5G, Internet of Things (IoT), and other digital technology markets
  • Need for remote working environments and other peripheral services
  • Increasing information security needs

Risks

  • Ongoing risk of stagnancy in production and supply chains
  • Geopolitical risks
  • Interest rate increase risks
  • Director and Senior Managing Executive Officer,
  • President, International Business Development Unit

Toshio Kitamura

Sustainable Growth through the Promotion of Differentiation Leveraging Alliance Strategies and the Strengthening of Field Capabilities

The International Business segment has strengths in areas such as IT, mobility, and the environment, as well as the promotion of alliance strategies with partner companies. In addition, we conduct business in more than 30 countries and regions around the world. By developing these strengths and focusing on growth businesses and niche areas, we will differentiate our business and aim to achieve sustainable growth while strengthening the field capabilities of our local subsidiaries through the creation of highly engaged workplaces.

CSI and Other Existing Businesses Are Making Good Progress. New US-Finance Joint Venture Established

The International Business segment focuses on the aforementioned strengths and expands the business performance by thoroughly differentiating its business. In fiscal 2022, CSI expanded its operating bases and ITAD service facilities around the world. In the United States, CSI established a finance joint venture for construction machinery through an alliance with partner companies, and also worked to strengthen its dealer function. The data center business we are working on with the NTT Group in Mumbai, India, is also progressing well.

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Major Offerings

IT Equipment Leasing

CSI, a wholly owned subsidiary, provides IT lifecycle management services that combine Fair Market Value (FMV) leasing of IT equipment with ITAD services (safe, compliant, and appropriate disposal of IT equipment) and other services.

Auto Business

We operate a leasing and financing business for passenger and commercial vehicles, mainly in the ASEAN region.

Joint Crediting Mechanism (JCM) Business

We support the introduction of solar power generation systems and related equipment, mainly to overseas subsidiaries of Japanese companies, utilizing subsidies under the JCM of the Ministry of the Environment of Japan.

Key Figures

Projected Annual GHG Emissions Reductions
from the JCM

38,343 t-CO2 *

Reuse Ratio of Secondhand IT Equipment at CSI

More than 90 %

Annual Number of ITAD Services Processed

More than 1.5 million

*As of December 31, 2022 (based on projects adopted by the Global Environment Centre Foundation )

Expansion of Global-Standard ITAD Services

CSI Leasing (CSI)’s wholly owned subsidiary EPC, Inc. (EPC) offers ITAD services, including data erasing and disposal for IT equipment. With a network of 20 offices in eight countries (as of September 30, 2022), EPC is able to provide high-quality, global-standard services worldwide.

The introduction of IT equipment has driven growing demand for ITAD services, especially among global companies that place a high priority on governance and compliance. Furthermore, demand for ITAD services is expected to significantly rise due to the spread of remote work and increase in the number of devices associated with the advancement of 5G and IoT.

EPC seeks to cater to the needs of multinational companies with global-standard ITAD services while also properly reusing and recycling IT equipment around the world. For this reason, CSI will continue to bolster its network, expand alliances with partners, and provide high-quality ITAD services in an ever-broader range of regions.

Highlights

CSI Leasing Expands Global Network

United States

CSI Leasing has strengths in IT lifecycle management and provides related services in more than 50 countries around the world.

Materiality

Sustainable resource use

  • 9 Industry, innovation and infrastructure
  • 12 Responsible consumption and production

United States

CSI Leasing, Inc. (CSI) is a leading leasing company that provides services in more than 50 countries around the world and has strengths in IT lifecycle management, combining, for example, FMV leasing of IT equipment*1 and ITAD service*2. In 2016, CSI became a consolidated subsidiary of the Tokyo Century Group.

While continuing steady growth based on consulting sales to be responsive to customer needs, the company has recently been establishing offices in Scandinavia, Japan, and other Asian countries to further expand its global network, with plans to enter Southeast Asia and other regions. CSI will accelerate the Group’s collaborative synergies to strengthen its revenue base by meeting the needs of multinational companies and partnering with overseas subsidiaries.

  • *1Fair market value (FMV) leasing is a form of highly flexible equipment leasing that offers customers multiple options such as returning the asset, purchasing the asset, or extending the lease of the asset at the end of the original lease period. As customers are not required to make a commitment regarding their plans for the asset at the time the lease is signed, they can make a decision in accordance with their particular business needs at the end of the lease term. This form of leasing is a very efficient means of procuring IT assets in a time of rapid technological advancement.
  • *2IT asset disposition (ITAD) is the process of disposing of IT assets through safe and environmentally appropriate methods in accordance with applicable law and regulations.

Establishment of a One-Stop Service System in the United States

United States

Tokyo Century (USA) acquired all shares of Work Truck Direct, Inc. and Fiber Marketing International, Inc., dealers of trucks, arbor equipment, and small construction equipment in the United States, making both companies wholly owned subsidiaries.

Materiality

Contribution to decarbonized society
Contribution to social infrastructure development
Sustainable resource use
Utilize diverse partnerships to create new value

  • 3 Good health and well-being
  • 7 Affordable and clean energy
  • 9 Industry, innovation and infrastructure
  • 11 Sustainable cities and communities
  • 12 Responsible consumption and production
  • 13 Climate action
  • 17 Partnerships for the goals

United States

In 2021, Tokyo Century (USA) Inc. (TCUSA) acquired all shares of Work Truck Direct, Inc. (WTD) and Fiber Marketing International, Inc. (FMI), dealers of trucks, arbor equipment, and small construction equipment in the United States, and made the two companies wholly owned subsidiaries. In 2022, the two companies merged and are currently operating on the U.S. West Coast as a new FMI.

TCUSA had already made AP Equipment Financing (API) a wholly owned subsidiary, which handles leasing and financing and whose main products are small- and medium-sized trucks and arbor equipment. The company’s business has been positioned as a growth driver in North America.

With wholly owned WTD and FMI, TCUSA has a one-stop service structure for sales and after-sales services in addition to the leasing and financing services it has been providing through API.

Data Center Business Initiatives in India

Asia

Tokyo Century and NTT Global Data Centers jointly operate data centers in India. Construction is underway in phases in India, including the Mumbai 8 Data Center, which began operating in 2022.

Materiality

Creation of new businesses driven by technical innovation
Contribution to social infrastructure development
Sustainable resource use
Utilize diverse partnerships to create new value

  • 3 Good health and well-being
  • 8 Decent work and economic growth
  • 9 Industry, innovation and infrastructure
  • 11 Sustainable cities and communities
  • 12 Responsible consumption and production
  • 17 Partnerships for the goals

Asia

Tokyo Century is jointly operating data centers in India with NTT Global Data Centers Corporation (NTT GDC) of the NTT Group. In 2022, construction of the Mumbai 8 Data Center was completed and operations started.

In India, data usage is expected to increase rapidly against the backdrop of government-led digitization measures, including the expansion of smartphones and the use of video content. As a result, demand for data centers is rising. NTT GDC and Tokyo Century have therefore decided to expand their operations to the Navi Mumbai area, east of Mumbai, and construction is progressing in stages.

Partners

  • NTT Group
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