Completion of Diamond Group Acquisition by BPI Tokyo Century Rental Corporation, a member of the Tokyo Century Group, in the Philippines

Tokyo Century Corporation (“TC”) hereby announces that BPI Tokyo Century Rental Corporation (“BPITCR”), a member of the TC Group, has completed the acquisition of Diamond IGB Inc. (“DIGB”), a leading independent auto-leasing company, and its two group companies in the Philippines on 23 May, 2024.

This is based on the press release dated March 28, 2023, “Business Alliance between BPI Century Tokyo Rental Corporation* and Diamond IGB Inc. in Preparation for Share Acquisition in the Republic of the Philippines.” The new company, Brilliant Car Rental Corporation, which takes over the business of DIGB and its group companies, will begin operations as a wholly owned subsidiary of BPITCR. BPITCR will meet clients requirement by providing various high-quality services related to vehicle, such as long-term lease with driver, short-term rent-a-car as one-stop expert with reputable Diamond Rent-a-Car brand name better than before. 
 

TC has set “contribution to social infrastructure development” as its materiality (key issues) based on the United Nations Sustainable Development Goals and has been promoting sustainability management. We will continue to expand our auto business in the Philippines through BPITCR.

* The company name was changed to BPI Tokyo Century Rental Corporation in 2023

Overview of New Company

(1) Company name	Brilliant Car Rental Corporation
(2) Head office address	Km 16.2 West Service Road, Marcelo Green Village, Paranaque City, Philippines
(3) Representative	Satoshi Matsuo
(4) Business	Provision of long-term lease with driver, short-term rentals, fleet management, vehicle maintenance and repair
(5) Brand	Diamond Rent-a-Car
(6) Major shareholder and % of shares held	BPI Tokyo Century Rental Corporation: 100%

Reference
Business Alliance between BPI Century Tokyo Rental Corporation and Diamond IGB Inc. in Preparation for Share Acquisition in the Republic of the Philippines (disclosed on March 28, 2023)
https://www.tokyocentury.co.jp/en/newsroom/news/pdf/230328_Business-Alliance-between-BPI-Century-Tokyo-Rental-Corporation-and-Diamond-IGB-Inc.-in-Preparation-for-Share-Acquisition-in-the-Republic-of-the-Philippines.pdf