Contribution to social infrastructure development
Respond to advances in global mobility services and cooperate with local communities to contribute to social infrastructure development
In the Automobility segment, Tokyo Century provides mobility-related services through its auto leasing and car rental businesses. These services play a crucial role in contributing to social infrastructure while also having material importance to supporting safety. In a business environment free of regulatory constraints, Tokyo Century is branching out from leasing and financing to develop and grow unique business models based on the concept of “Finance × Services × Business Expertise” through co-creation with partners. For example, we recognize that the revitalization of local communities through the tourism industry is an important task as the depopulation of areas outside of major urban centers becomes an increasingly serious social issue. These characteristics of our business constitute one of the reasons we have defined “contribution to social infrastructure development” among our key issues (materiality).
Other initiatives in the Automobility segment include promoting the use of vehicles equipped with automated brakes and other safety features in order to contribute to the achievement of target 3.6-By 2020, halve the number of global deaths and injuries from road traffic accidents-of SDG Goal 3: Good health and well-being. In addition to such equipment-related initiatives, we are proactively offering support through software-related initiatives, namely, safe driving lessons that utilize telematics systems. Moreover, GO and Nippon Car Solutions Co., Ltd., formed an agreement in September 2022 that entails introducing customers to DRIVE CHART, a next-generation AI drive-recording service of GO. Later, in July 2023, Nippon Car Solutions began supplying the Offseg AI-powered driving safety telematics service developed by DENSO TEN Limited in July 2023. By enhancing Nippon Car Solutions’ Drive Doctor and other telematics service offerings, we expect to be able to provide customers with optimal solutions and thereby contribute to reductions in traffic accidents.
At the same time, we are working to develop social infrastructure that promotes tourism and contributes to regional revitalization. As part of these efforts, we opened ANA InterContinental Beppu Resort & Spa in Beppu City, Oita Prefecture, in August 2019 and then Hotel Indigo Karuizawa in the town of Karuizawa, Nagano Prefecture, in February 2022. Tokyo Century is also involved in real estate operations in Tokyo. In these operations, Mitsubishi Estate Co., Ltd., and Tokyo Century have selected Dorchester Collection, the ultraluxury hotel brand, to operate the hotel scheduled to open in fiscal 2028 in Torch Tower, located in the TOKYO TORCH district facing the Nihombashi Exit of Tokyo Station, which we are developing together with relevant rights holders. In addition, we are participating in the Tokyo Cross Park Vision next-generation smart city project calling for the development of Tokyo’s Uchisaiwaicho 1-chome District.
Meanwhile, the need for high-speed processing and collection of large quantities of data is growing on a global scale, stimulating a rise in demand for data centers. In response to this trend, we will advance social infrastructure business initiatives through our alliance with Nippon Telegraph and Telephone Corporation as we seek to make other contributions together with partners.
In a publicly certified wholesale market redevelopment project in Toyama City, Toyama Prefecture, which is being advanced as a collaborative real estate project together with NTT TC Leasing Co., Ltd., we have begun leasing buildings developed and owned by NTT TC Leasing and Tokyo Century. Together, we seek to respond to demand for rebuilding aged public facilities across Japan, contribute to local infrastructure development, and advance initiatives with significant social meaning that help revitalize local communities.
- Contribution to the SDGs
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Opportunities
- Expansion of customer value propositions through utilization of social infrastructure assets indispensable to everyday life
Risks
- Emergence of stranded assets due to deterioration of social infrastructure
Goals and Progress
Scrollable horizontally
| KPI | Applicable companies*1 | Unit | Fiscal 2021 | Fiscal 2022 | Fiscal 2023 |
|---|---|---|---|---|---|
| Number of vehicles equipped with telematics services | NCS, NRS | Vehicles | 74,180 | 82,051 | 88,359 |
| Number of safe driving lessons conducted using telematics services | NCS | Lessons | 923 | 1,132 | 1,049 |
| Participants | 13,261 | 18,774 | 14,149 | ||
| Ratio of rental cars equipped with safety features (automated brakes, etc.) | NRS | % | 96.0 | 97.2 | 97.4 |
(leases, financing, investments, etc.) |
Mobility (auto leasing,*3 aircraft, shipping, etc.) Real estate (offices, logistics facilities, data centers,hotels, etc.) Transactions pertaining to public facilities (government agencies, schools, hospitals, etc.) and infrastructure (power distribution equipment, public broadcast equipment, etc.), etc. |
billion Yen |
|
479.7 | 641.2 |
- *1NCS: Nippon Car Solutions Co., Ltd.; NRS: Nippon Rent-A-Car Service, Inc.
- *2Calculated using amounts of lease and rental transactions, financing, investments, and sales based on internal sales management figures
Scope: Tokyo Century Corporation and 15 major subsidiaries (FLCS Co., Ltd.; EPC Japan K.K.; Nippon Car Solutions Co., Ltd.; Nippon Rent-A-Car Service, Inc.; Kyocera TCL Solar LLC; Aviation Capital Group LLC; CSI Leasing, Inc.; Allegiant Partners Inc.; Tokyo Century (USA) Inc.; Tokyo Century Leasing (Singapore) Pte. Ltd.; Tokyo Century Capital (Malaysia) Sdn. Bhd.; TISCO Tokyo Leasing Co., Ltd.; HTC Leasing Co., Ltd.; TC Car Solutions (Thailand) Co., Ltd.; and BPI Century Tokyo Lease & Finance Corporation) - *3Mobility business transactions pertaining to the introduction of electric vehicles are excluded from the transaction amount for “contribution to social infrastructure development” as these transactions are included in the transaction amount for “contribution to decarbonized society."
Initiative Example
We are participating in large-scale redevelopment projects such as the Tokyo Cross Park Vision project in Uchisaiwaicho 1-chome, Chiyoda-ku, Tokyo and the TOKYO TORCH project in the Tokiwabashi area in front of Tokyo Station.
The Tokyo Cross Park Vision project, comprising the North Zone, Central Zone, and South Zone, is the largest development project in central Tokyo, with a floor area of approximately 1.1 million square meters and co-created by 10 companies (including related rights holders and parent companies) rooted in the area. Tokyo Century is promoting the project as an operator of the South Zone, the location of the South Tower (scheduled to be completed in fiscal 2028), which will consist of offices, a hotel, wellness facilities, and other amenities.
A new hotel and hall in TOKYO TORCH, which we jointly acquired with Mitsubishi Estate Co., Ltd., is scheduled to be completed in fiscal 2027. It has been decided that Dorchester Collection, one of the world’s leading ultra-luxury hotel brands, will make its first foray into Asia at TOKYO TORCH. Our participation in these redevelopment projects will help improve social infrastructure and enhance the charm of Tokyo, Japan.
In 2022, we opened Hotel Indigo Karuizawa as a new lifestyle boutique hotel reflecting the story of Karuizawa. It is our second project in collaboration with InterContinental Hotels Group PLC, following our first resort development project, the ANA InterContinental Beppu Resort & Spa.
The hotel is the first hotel owned and operated by the Tokyo Century Group, and local timber (Nagano-grown Karamatsu pine) was used for its exterior and interior construction. In addition, we reflect the unique characteristics of the hotel’s surrounding area in its meals and services to remain close to the local community in helping to reduce CO2 emissions and revitalize local regions.
Tokyo Century is jointly operating data centers in India with NTT Global Data Centers Corporation (NTT GDC) of the NTT Group. In 2022, construction of the Mumbai 8 Data Center was completed and started operation.
In India, data usage is expected to increase rapidly against the backdrop of government-led digitization measures, including the expansion of smartphones and the use of video content. As a result, demand for data centers is rising. NTT GDC and Tokyo Century have therefore decided to expand their operations to the Navi Mumbai area, located east of Mumbai, and construction is progressing in stages.
NTT Global Data Centers and Tokyo Century expand collaboration in the Data Center business in India
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.
