Expansion into the small and medium-sized enterprise and vendor finance sectors through the capital and business alliance with Ricoh Leasing
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2021.
3 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「Under the business alliance with RICOH and RICOH LEASING COMPANY,LTD., we began initiatives to strengthen existing businesses and create new business opportunities, and contracts concluded through the alliance in its first year, fiscal 2020, totaled ¥2.5 billion.」
The alliance with RICOH and RICOH LEASING COMPANY,LTD. progressed to initiatives to strengthen existing businesses and create new business opportunities, with ¥2.5 billion in contracts concluded in the first year. - FY2021-Q2RestatedAnnual report
「RICOH LEASING COMPANY,LTD. has been included within the scope of equity-method accounting from the first quarter.」
The inclusion of RICOH LEASING COMPANY,LTD. within the scope of equity-method accounting from the first quarter continues to be confirmed in the business description and notes. - FY2021-Q1AdvancedAnnual report
「RICOH LEASING COMPANY,LTD. has been included within the scope of equity-method accounting from the current first quarter.」
Following the acquisition of a 20% interest and the launch of a business alliance in April 2020, RICOH LEASING COMPANY,LTD. was included in the scope of consolidation as an equity-method affiliate from the first quarter, reflecting the alliance in the accounts. - FY2020First statedAnnual report
「In April 2020, we acquired a 20% interest in RICOH LEASING COMPANY,LTD. (making it an equity-method affiliate of ours) and began a business alliance with RICOH and RICOH LEASING COMPANY,LTD. Our group has a business foundation centered on wholesale services for large and mid-sized companies, while RICOH LEASING COMPANY,LTD. focuses on vendor finance for SMEs. In addition to the limited overlap in their customer bases and business areas, the two companies are highly complementary. By making shared use of RICOH LEASING COMPANY,LTD.'s expertise and infrastructure in vendor finance and retail financial services, we will accelerate the growth of our group.」
The first description appeared of a plan to add vendor finance for SMEs and retail finance capabilities to a business foundation focused on large and mid-sized companies through the acquisition of a 20% interest and the launch of a business alliance in April 2020.