Message from the President

Leveraging its strengths in areas such as IT, mobility, and the environment as well as its alliance strategies with partner companies, the International Business segment conducts business in over 30 countries. We are focusing on growth businesses and niche markets to differentiate our business and promote portfolio transformation by replacing some assets with those that offer higher profitability. In addition, we hope to achieve sustainable growth by strengthening our field capabilities by establishing highly engaged workplaces and fostering a mindset and awareness of portfolio transformation among employees.

CSI Leasing, Inc. (CSI), which is based in the United States and provides IT equipment operating leasing and IT asset disposition (ITAD)^*1 services in Latin America, Europe, Asia, and other countries and regions, is further expanding its network. This will allow CSI to better address the needs of multinational companies while also enabling it to solidify its earnings foundation by accelerating synergies through intra-Group coordination with existing overseas subsidiaries.

Meanwhile, we are moving ahead with the NTT Group on joint data center projects and advancing a diverse range of other businesses by providing managed services for IT assets, fair market value (FMV) leasing^*2, and ITAD services that capitalize on Tokyo Century’s strengths. In 2024, we also began joint operation of a new data center in Chicago, U.S.A.

We have been collaborating with prime partners in each country and intend to further advance these efforts and focus on expanding business with global partners across such regions as the Americas, Europe, and Asia. The strengths of these various partners will be combined in the pursuit of new business value going forward.

Since becoming a consolidated subsidiary in 2016, CSI has consistently increased its earnings every year, reporting record-high ordinary income for seven consecutive years. As for its network of bases, CSI has recently expanded its business locations, mainly in Europe and Asia, establishing bases in Indonesia, Austria, and Hungary in 2023. In the ITAD business, CSI acquired a Malaysian company and established bases in Japan, Colombia, and Brazil.

In terms of collaborative partnerships, ZAXIS Financial Services Americas, LLC, a financing joint venture with ITOCHU Corporation and the Hitachi Construction Machinery Group, which provides financing for sales of construction machinery, began operations in the U.S.A. in May 2023 and has been steadily growing its business. Furthermore, in our joint data center business with the NTT Group, we made new investments in Chicago, U.S.A, anticipating future growth amid the rising demand for telecommunications infrastructure.

In the automotive business, we are also promoting differentiation through activities that include acquiring the business of Diamond, a major independent leasing company in the Philippines; investing in Motorist, an online automotive platformer in Singapore; and establishing a joint venture with KeePer Technical Laboratory Co., Ltd., a car coating and car wash company.

To ensure that the Tokyo Century Group is united in its efforts to achieve the Medium-Term Management Plan 2027, we have held town hall meetings with local employees at overseas sites to deepen their understanding of the plan. We will steadfastly broaden the scope of our business beyond financial services.