INTEGRATED REPORT 2025
CHAPTER 1
Portrait of Tokyo Century
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INTEGRATED REPORT 2025

Message from the President OPEN
CHAPTER 1 Portrait of Tokyo Century OPEN
CHAPTER 2 Our Strategies for Sustainable Growth OPEN
CHAPTER 3 Enhancement of Management Foundation OPEN

Strategic Partnership with the NTT Group

Tokyo Century’s strategic partnership with the NTT Group began in 2005 with the integration of their auto leasing businesses. This relationship has grown even stronger since their capital and business alliance in 2020. Creating collaborative opportunities with the NTT Group remains a top priority, and the Company continues to expand the scope of its collaboration.

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    Creation of Collaborative Projects with Partners

This figure describes our strategic partnership with the NTT Group. This collaboration began in 2005 and covers digital infrastructure and mobility. It has grown even stronger since our capital and business alliance in 2020. By combining the NTT Group’s world-leading technical capabilities with Tokyo Century’s specialized expertise in financial structuring and project management, we aim to maximize business value in key growth areas, such as joint data center operations in the U.S. and India.

Data Center Business

Our collaboration with the NTT DATA Group in the data center business began in 2021. The data center business is an asset business that requires large initial investments and a long-term perspective. We support this business not merely as a fund provider but as a business partner that co-creates the business and maximizes its value, leveraging the expertise we have cultivated in finance and various other projects.

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    Provision of Finance and Services

Optimal Financing Structuring

Leveraging our advanced financial expertise cultivated in leasing and financing, we execute optimal financing tailored to the characteristics of each project. This enables agile and stable business development, even for large-scale operations.

Project Management as a Financer

Rather than simply investing capital, we also play a role in accurately assessing the future potential and profitability of the data center business, managing and supervising its projects to maximize their value.

Maximizing Synergy Through Role Division

We support the entire business from the finance and business management side so that the NTT Group, which possesses world-class technological capabilities and a vast customer base, can concentrate on technology development and operations. This clear division of roles and our mutually complementary relationship create a competitive advantage that other companies cannot match.


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    Business Growth Through Synergy Creation

Takayuki Nishimura
General Manager, Global Business Division II, International Business

As the social implementation of generative AI accelerates, data centers have become a fundamental part of infrastructure of our digital society, and their importance continues to grow. As finance professionals, we do more than just provide funds; we are committed as a partner that takes on risks and co-creates the business. Under our corporate slogan, “Solutions to your Pursuits,” we will fully leverage the expertise we have cultivated through joint projects with many partner companies to contribute to maximizing business value. In addition to expanding our collaboration in the data center business, we will further deepen our partnership with the NTT Group within the IT service value chain to enhance the corporate value of both companies and contribute to solving social issues.

Strategic Partnership with ITOCHU Corporation

Tokyo Century is working to create new value in Japan and overseas by combining its expertise with ITOCHU’s broad business portfolio. Our collaboration addresses a wide range of fields where growth is expected.

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    Creation of Collaborative Projects with the Partner

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Construction Machinery and Truck Finance
  • Joint investment in ITOCHU TC CONSTRUCTION MACHINERY
  • Establishment of a joint venture, ZAXIS Finance, to offer financing for construction machinery in North America
  • Collaboration with Morooka and ITOCHU to promote sales of construction machinery in North America
  • Collaboration with ITOCHU for truck finance in North America
Environment and Energy Energy Storage
  • Grid-scale battery business with Osaka Gas and ITOCHU
  • Establishment of a joint venture, IBeeT, to offer a distributed power source subscription service
Hydrogen
  • Investment in Clean H2 Infra Fund, the world’s first large-scale clean hydrogen infrastructure investment fund
Wind Power
  • Investment in an onshore wind power project in Aomori Prefecture
Renewable Energy
  • Investment in a renewable energy fund in North America as a limited partner
  • Acquisition of the development rights regarding solar power plants in North America
Biomass
  • Joint investment in Hyuga Biomass Power Plant in Miyazaki Prefecture
Other
  • Collaboration in Belong One, a used smartphone and tablet device rental service for companies
  • Store fixture leasing for FamilyMart
  • Installation of solar power generation facilities at stores using subsidies in cooperation with FamilyMart

ZAXIS Finance

In fiscal 2022, we established ZAXIS Finance in North America with ITOCHU Corporation and Hitachi Construction Machinery to provide financing for construction machinery. Customers purchasing construction machinery often pay for it in long-term installments. In North America in particular, manufacturers are required to provide dealers and customers with swift screening and competitive financing options that meet their needs.

This figure introduces ZAXIS Finance, a joint venture formed with ITOCHU Corporation and Hitachi Construction Machinery to provide financing solutions in the North American construction machinery market. Tokyo Century designs and offers financial products while conducting credit screening and risk management, leveraging the expertise honed through its financial business over the years. This approach facilitates the delivery of competitive finance options that precisely meet customer needs.

A Three-Company Joint Venture with ITOCHU and Hitachi Construction Machinery


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    Provision of Financial Services

Designing and Providing Financial Programs

To meet the diverse needs of customers, we design and offer flexible financial products such as leases and installment sales. This allows customers to minimize their initial investment and systematically introduce the latest construction machinery.

Credit Screening and Risk Management Functions

Utilizing our credit expertise cultivated over many years in the financial business, we conduct swift and accurate customer screenings. We also support the sound operation of the programs by managing the financial assets (receivables) of the entire business and appropriately controlling risks.


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    Business Growth Through Synergy Creation

This bar graph shows the trend in operating asset balances in millions of U.S. dollars for ZAXIS Finance’s North American construction machinery financing business. It highlights a steady accumulation of assets since operations began in fiscal 2022, with further growth expected under the fiscal 2025 plan.

Operating Assets

The North American construction machinery market is one of the largest in the world, and stable demand is expected to continue in the housing construction and infrastructure sectors. Since its establishment in 2022, ZAXIS Finance’s operating assets have grown steadily. The company achieved profitability in fiscal 2023 and increased profits in fiscal 2024. Further growth is anticipated from fiscal 2025 onward.

Investor Relations

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