Tokyo CenturyA Journey of Challenges

Century Leasing System, Inc. and Tokyo Leasing Co., Ltd. merged. Under the new company name, Century Tokyo Leasing Corporation, the company sought to further expand its business scale and strengthen its operating base.

IHI Finance Support Corporation, responsible for the leasing and factoring businesses of the IHI Group, was converted into a consolidated subsidiary, facilitating the combination of the company’s expertise and Century Tokyo know-how to more extensively expand business.

PT. Century Tokyo Leasing Indonesia (currently PT. Tokyo Century Indonesia) was established to meet the diverse needs of customers in Indonesia and began to develop a variety of financial services, including factoring and project finance, as well as a leasing business.

We acquired shares of Jetstar Japan Co., Ltd., a low-cost carrier of the Australian Qantas Group. This represented our first step toward meeting financial needs and asset management outsourcing needs in the aircraft sector by leveraging our versatile financing know-how, including for aircraft leasing.

Kyocera TCL Solar LLC, a solar power generation company, was jointly established with Kyocera Corporation.

GA Telesis, LLC, a leading U.S. provider of commercial aircraft parts and services with a network of major airlines worldwide, was converted into an equity-method affiliate. We then expanded our business domain to include aircraft leasing as well as engine leasing and parts financing, thereby allowing for aircraft life cycle management from the leasing of newly built aircraft to the dismantling and parts sales of retired aircraft.

Nippon Car Solutions Co., Ltd. merged with Tokyo Auto Leasing Co., Ltd., becoming a consolidated subsidiary of Tokyo Century. This enabled us to provide total car-related services by fully using the management resources of the two companies.

TISCO Tokyo Leasing Co., Ltd., our joint venture with TISCO Financial Group PCL, a major financial group in Thailand, became a consolidated subsidiary, enabling us to further expand business in the growing Thai market.

BPI Century Tokyo Lease & Finance Corporation is a Philippine-based leasing subsidiary of Bank of the Philippine Islands (BPI), the oldest and largest bank in Southeast Asia. This new joint venture partnership with BPI has enabled us to expand and diversify our business base in the Philippines.

CSI Leasing, Inc., the largest independent leasing company in the U.S., which mainly handles IT equipment, became our equity-method affiliate. This strengthened the global expansion of our leasing and finance business centered on IT equipment and served as a milestone marking the dramatic growth of the business.

Orico Business Leasing Co., Ltd. was established as our joint venture with Orient Corporation, enabling us to better meet more diverse needs in vendor leasing by combining our extensive leasing operation capabilities with Orient’s expertise in the consumer credit industry.

The word “leasing” was removed from Century Tokyo Leasing Corporation, and the company adopted its current name, Tokyo Century Corporation. We expressed our determination to further strengthen our leasing and financing capabilities and develop a wider range of businesses as a unique, highly specialized financial services company.

Aviation Capital Group LLC, a major U.S. aircraft leasing company that mainly provides narrow-body (single-aisle) aircraft to more than 90 airlines in over 45 countries became an equity-method affiliate. This enabled us to provide a wider range of services associated with aircraft in related businesses, which were expected to achieve long-term growth.

ITOCHU Construction Machinery Co., Ltd., which had been engaged in the sales and rental of construction machinery and other equipment, was made an equity-method affiliate and renamed ITOCHU TC Construction Machinery Co., Ltd. This enables us to provide advanced services for improving the productivity of construction equipment users.

Tokyo Century and NTT built a cooperative relationship through the integration of their auto leasing businesses in 2005, including the establishment of Nippon Car Solutions Co., Ltd. The two companies entered into a capital and business alliance agreement to further generate synergies and enhance their respective corporate value. In the same year, they also established NTT TC Leasing Co., Ltd. by spinning off a portion of NTT Finance Corporation’s leasing and global operations.

Tokyo Century had been promoting the active use of clean energy for contributing to a decarbonized society, as its materiality. This year, we formulated the Carbon Neutral Policy for FY2040 for achieving virtually zero greenhouse gas emissions for the entire Group by fiscal 2040.