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Tokyo Century (8439) · InitiativeAdvanced

Expansion of the Aircraft Finance Business

First written in FY2016. 21 of 24 entries say "Advanced", first in FY2017. Latest entry: 2026-10-16.

24entries
11years
6from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017 – 2026-10-162016: 220162017: 320172018: 420182019: 320192020: 420202021: 020212022: 120222023: 020232024: 120242025: 020252026: 62026
Same theme, other companies
Expanding the aircraft finance business through the CIT joint ventureA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2025-H1AdvancedAnnual report

    「The main factors behind the increase in profit were higher profit in the principal investment business and an increase in gains on aircraft sales in the aircraft business.」

    In the aircraft finance business, higher gains on aircraft sales were reflected in performance as a factor behind higher profit in the Specialty Business.
  2. FY2022-Q3AdvancedAnnual report

    「On 30 December 2021, ACG resolved to order 60 aircraft from Airbus. The aircraft covered by the order are scheduled for delivery between 2024 and 2028.」

    In the aircraft finance business, ACG resolved to order 60 aircraft from Airbus, with deliveries scheduled from 2024 to 2028.
  3. FY2021-Q2AdvancedAnnual report

    「[Specialty Business] Revenue increased by ¥27.990 billion, or 33.7%, year on year, to ¥111.038 billion, while segment profit increased by ¥4.603 billion, or 21.2%, to ¥26.289 billion. The main factor behind the increase in profit was the inclusion of ACG's performance following its consolidation as a subsidiary in December 2019.」

    ACG's performance following its acquisition as a wholly owned subsidiary was reflected in the Specialty Business, resulting in increases of 33.7% in revenue and 21.2% in segment profit.
  4. FY2021-Q1AdvancedAnnual report

    「Selling, general and administrative expenses increased by ¥4.993 billion, or 18.4%, year on year, to ¥32.169 billion. The main factors were higher allowance expenses for aircraft-related receivables, as well as an increase associated with the consolidation of ACG as a subsidiary.」

    For the aircraft-related business following the acquisition of ACG as a wholly owned subsidiary, the quarterly results also record an increase in allowance expenses for aircraft-related receivables, in addition to its contribution to performance.
  5. FY2020AdvancedAnnual report

    「By linking the businesses for new aircraft, used aircraft and used parts, we will maximize the value chain, enhance synergies across our aircraft businesses, capture growth across the aircraft market, and further strengthen our presence in the aircraft business market.」

    The acquisition of Aviation Capital Group as a wholly owned subsidiary has moved the aircraft finance business into a phase of expanding a value chain linking new aircraft, used aircraft and used parts.
  6. FY2020-Q3AdvancedAnnual report

    「Voting rights ratio held immediately before the business combination: 24.5% Voting rights ratio additionally acquired on the business combination date: 75.5% Voting rights ratio after the acquisition: 100.0%」

    For Aviation Capital Group, the Company acquired an additional 75.5% stake on top of its existing 24.5% stake, bringing the post-acquisition voting rights ratio to 100.0%. Concrete progress was made in expanding and establishing control over the aircraft finance business.
  7. FY2020-Q2AdvancedAnnual report

    「At a meeting of its Board of Directors held on 9 September 2019, the company resolved to acquire an interest in Aviation Capital Group LLC, a major US aircraft leasing company and an equity-method affiliate of its consolidated subsidiary TC Skyward Aviation U.S., Inc., making it a wholly owned subsidiary. On the same date, the company entered into an interest transfer agreement with Pacific Life Insurance Company, the parent company of ACG and a major US life insurer. The acquisition is subject to the satisfaction of conditions precedent to completion, including obtaining approvals under the competition laws of the relevant countries, and the transfer of the interest is scheduled for December 2019.」

    For Aviation Capital Group LLC, in which the Company held a 20% stake, the Company proceeded with a resolution to make it a wholly owned subsidiary and the execution of a share transfer agreement, with completion scheduled for December 2019.
  8. FY2019AdvancedAnnual report

    「The Company acquired an additional stake in GA Telesis, LLC, its equity-method affiliate, becoming its largest shareholder with a total ownership interest of 49.2%. The Company, GA Telesis, LLC and All Nippon Airways Trading Co., Ltd. also established a joint venture for the aircraft engine leasing business.」

    In the aircraft-related business, the Company increased its stake in GA Telesis to 49.2% and established a joint venture for aircraft engine leasing with All Nippon Airways Trading. It also acquired an additional stake in Aviation Capital Group through a capital increase.
  9. FY2019-Q3AdvancedAnnual report

    「The main factor was a ¥6.103 billion, or 849.2%, year-on-year increase in equity-method investment income, reflecting the results of Aviation Capital Group LLC, a major US aircraft leasing company in which the company acquired a 20% interest in December 2017.」

    Performance following the 20% investment in Aviation Capital Group was reflected in equity-method investment income, quantitatively demonstrating progress in the aircraft finance business.
  10. FY2019-Q2AdvancedAnnual report

    「The main factor was a ¥3.721 billion, or 699.1%, year-on-year increase in equity-method investment income, reflecting the performance of Aviation Capital Group LLC, a leading U.S. aircraft leasing company in which the Company acquired a 20% stake in December of the previous year.」

    The effect of the 20% investment in Aviation Capital Group was reflected in equity-method investment income for the six months ended the second quarter, shown as a ¥3.721 billion, or 699.1%, year-on-year increase.
  11. FY2019-Q1AdvancedAnnual report

    「The main factor was a ¥1.832 billion, or 507.6%, year-on-year increase in equity-method investment income, reflecting the results of Aviation Capital Group LLC, a major US aircraft leasing company in which the company acquired a 20% interest in December of the previous year.」

    Following the acquisition of a 20% stake in Aviation Capital Group, its performance was reflected in the current quarter's results as an increase in equity-method investment income.
  12. FY2018AdvancedAnnual report

    「The Company agreed with Aviation Capital Group LLC and its parent company, Pacific Life Insurance Company, to conduct an aircraft leasing business jointly, acquired a 20% stake in Aviation Capital Group LLC, and made it an equity-method affiliate.」

    The agreement to conduct a joint aircraft leasing business with Aviation Capital Group and the acquisition of a 20% stake are described as concrete progress in expanding the aircraft business.
  13. FY2018-Q3AdvancedAnnual report

    「During the third quarter of the fiscal year, the company acquired a 20% interest in Aviation Capital Group LLC, a major US aircraft leasing company, and included it among its equity-method affiliates.」

    The Company acquired a 20% stake in Aviation Capital Group LLC, a leading U.S. aircraft leasing company, and is making concrete progress in developing its aircraft finance business.
  14. FY2018-Q2AdvancedAnnual report

    「The main factors were CSI Leasing, Inc.'s performance and the expansion of the aircraft leasing business.」

    The expansion of the aircraft leasing business is cited as one of the factors behind higher segment profit in the leasing and installment sales business.
  15. FY2017AdvancedAnnual report

    「With respect to TC-CIT Aviation Ireland Limited, now TC Skyward Aviation Ireland Limited, and TC-CIT Aviation U.S., Inc., now TC Skyward Aviation U.S., Inc., the aircraft leasing joint ventures with CIT Group Inc., the Company acquired all of the interests held by CIT Group Inc. and made both companies wholly owned subsidiaries.」

    The conversion of the two aircraft leasing joint ventures into wholly owned subsidiaries establishes the control and operating structure for the aircraft finance business.
  16. FY2017-Q3RestatedAnnual report

    「The main factors behind the increase in profit were the consolidation of CSI Leasing, Inc. and the automobile leasing and aircraft leasing businesses.」

    Aircraft leasing is identified as one of the factors behind higher profit, indicating the continuation of the aircraft leasing business.
  17. FY2017-Q2RestatedAnnual report

    「The main factors behind the increase in profit were the consolidation of CSI Leasing, Inc. and the automobile leasing and aircraft leasing businesses.」

    Aircraft leasing is cited as one of the factors behind higher profit in the leasing and installment sales business, indicating the continuation of the aircraft business.
  18. FY2016First statedAnnual report

    「In the aircraft sector, the businesses of TC-CIT Aviation U.S., Inc. and TC-CIT Aviation Ireland Limited, established in the United States and Ireland with CIT Group Inc. as a partner in October 2014, are performing steadily, while the balance of our aircraft-related operating assets is also expanding.」

    The expansion of the aircraft sector through the joint venture with CIT is described as an achievement.
Moved together

"Sustainable Growth and Enhancement of Corporate Value over the Medium to Long Term" moved the same way as this thread, in the same document, in 17 of its 24 moves.

17141110109★123456
  1. ★This thread
  2. 1Sustainable Growth and Enhancement of Corporate Value over the Medium to Long Term17×
  3. 2Expanding Overseas Business Through an Alliance Strategy14×
  4. 3Transforming into a highly profitable business model focused on asset efficiency11×
  5. 4Strengthening the Financial Foundation through Funding Diversification10×
  6. 5Long-Term, Stable Profit Returns10×
  7. 6Business Planning and Development for Sustainable Corporate Growth9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Tokyo Century yet. It last moved in the M&A and Subsidiary Changes of 2026-10-16: "Advanced".
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Expansion of the Aircraft Finance Business | Tokyo Century Corporation (8439) | Komori