Create new businesses by integrating new technologies into financial services and contribute to the digital economy

Tokyo Century seeks to create new businesses by integrating new technologies into financial services and to contribute to the digital economy through collaboration with partner companies and investment in companies boasting promising technologies.

In the Equipment Leasing segment, where we possess a broad customer base and are developing numerous joint ventures together with prime partners, we are reinforcing our foundation for supporting the digital economy through investment in and a business alliance with Bplats, Inc., a provider of comprehensive subscription service business platforms, while also developing subscription service businesses. Also in this segment, we have established IBeeT Corporation, a joint venture with ITOCHU Corporation, to supply subscription services for household electricity storage systems, decentralized power sources that contribute to decarbonization, and peripheral equipment.

Meanwhile, in the Automobility segment, where we develop a comprehensive range of industry-leading automotive businesses, Tokyo Century is co-creating new businesses that promote digital transformation in the mobility field. For example, we have concluded a capital and business alliance agreement with Mobility Technologies Co., Ltd. (current GO Inc.), which operates the GO taxi dispatch app covering the largest number of affiliated taxis in Japan. Also, we are engaged in mobility-as-a-service (MaaS) and smart city businesses through a business alliance with major map solutions provider ZENRIN CO., LTD., in which we combine the resources of this company with our own.

In the Specialty Financing segment, which drives Tokyo Century’s growth with highly specialized operations, we have concluded an investment contract with Germany’s Volocopter GmbH, a company developing flying cars as a form of next-generation aerial mobility, and are advancing other Companywide initiatives aimed at creating new businesses for the next era.

In December 2020, the DX Strategy Division was established within the Corporate Planning Unit to plan and promote Companywide digital transformation strategies. In addition, Tokyo Century was the first leasing-based financial services provider to be recognized as a DX-certified operator advancing superior initiatives under the DX Certification system organized by the Ministry of Economy, Trade and Industry (METI).

The Company is also focused on fostering a corporate culture in which employees feel empowered to boldly tackle new challenges without fear of failure. For this purpose, we introduced the TC Biz Challenge Project, a new business proposal initiative, in fiscal 2020 to provide a system for driving future business growth. Through this project, the Company offers its full support for promising business plans and implements frameworks for examining methods of commercializing such plans. In its first year, a total of 36 proposals were received through the TC Biz Challenge Project, and a verification test is being advanced to assess the feasibility of commercializing the one proposal that passed the final screening.

Contribution to the SDGs

8 Decent work and economic growth / 9 Industry, innovation, infrastructure

Opportunities

  • Growth of subscription service businesses in tandem with development of digital society
  • Increase in opportunities for joint businesses with companies possessing innovative technologies
  • Creation of new businesses through digital transformation
  • Emergence of new mobility businesses like automotive businesses using driving data and flying cars

Risks

  • Diminishment of competitiveness of existing business model due to failure to promptly respond to new technologies
  • Loss of customers and reduced productivity due to impaired service provision capabilities resulting from lack of effective digital transformation

Goals and Progress

KPI Supplement
Certification under METI’s DX Certification system* Certification achieved in March 2021

Initiative Example

Promotion of the Mobility-as-a-Service (MaaS) Tourism Service Verification Test through Collaboration between ZENRIN and Nippon Rent-A-Car Service

Tokyo Century is collaborating with map solutions provider ZENRIN CO., LTD. and Nippon Rent-A-Car Service, Inc. to conduct a verification test of the MaaS tourism service in Nagasaki City.

ZENRIN’s smartphone app enables tourists to rent cars under a special plan. In addition to providing local information, it also allows users to purchase tickets for public transportation and tourist sites, exchange awarded points for products, and manage travel history. Combined with car rentals, this will improve the convenience of traveling to sightseeing spots in suburban areas and encourage more excursions.

Outside of this project, we will continue to discuss with ZENRIN the commercialization of safe and secure mobility services and other ways to help revitalize local communities nationwide.

Launch of Fixed-Price Power Conditioner Rental Service

We work with OMRON Social Solutions Co., Ltd. (OSS) to offer the POWER CONTINUE fixed-price power conditioner* rental service for low-voltage solar power plants.

OSS handles equipment replacement and maintenance, while Tokyo Century provides related financial services and the TCplats subscription integration platform. The POWER CONTINUE service improves power generator output at zero initial cost and eliminates the burden of unexpected costs such as repair and replacement of power conditioners.

*A machine that converts electricity generated by solar power from direct to alternating current for use in homes, buildings, factories, and other facilities.

Launch of Subscription Services for Electricity Storage Systems

IBeeT Corporation, a joint venture with ITOCHU Corporation, provides household electricity storage systems (decentralized power supply) on a subscription basis. In the storage battery market, the need for household and medium- to large-scale industrial electricity storage systems is expected to increase for multiple reasons, such as for the efficient use of renewable energy, improved resilience against natural disasters, and electricity storage in case of power outages.

In the future, we will develop an efficient decentralized power supply platform using AI to achieve mutual supply of surplus power generated from decentralized power sources owned by IBeeT. Through the platform, we will contribute to the realization of a society that is both decarbonized and based on decentralized energy sources.

Tokyo Century’s Contribution to the SDGs

Tokyo Century is contributing to the enrichment of daily life and the sustainable development of society toward achieving the SDGs adopted as a shared responsibility for the international community at the United Nations Summit on Sustainable Development.

SUSTAINABLE DEVELOPMENT GOALS

Sustainability

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