Regional Complementarity in U.S. Operations Through Making Allegiant Partners a Wholly Owned Subsidiary
First written in FY2020. 1 of 2 entries say "Advanced", first in FY2021. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021AdvancedAnnual report
「Profit increased, mainly due to expanded finance revenue at Allegiant Partners Incorporated, which captured demand for U.S. truck financing against the backdrop of e-commerce market growth.」
Following the acquisition of Allegiant Partners, demand for U.S. truck financing was captured, and expanded finance revenue emerged as a factor behind higher profit in the International business. - FY2020First statedAnnual report
「The company's consolidated subsidiary Tokyo Century (USA) Inc. acquired 100% of the shares of Allegiant Partners Incorporated, an independent U.S. leasing and finance company, making it a wholly owned subsidiary. Allegiant Partners Incorporated is an independent leasing and finance company based on the U.S. West Coast that primarily handles medium- and small-sized trucks and tree-care equipment. It has a strong business fit with Tokyo Century (USA) Inc., which is based on the U.S. East Coast and specializes in small-ticket financing for medium- and small-sized trucks. Expected synergies include complementary regional coverage, business referrals through shared customer bases and strengthened sales capabilities through cross-selling.」
Following the acquisition of 100% of Allegiant Partners, the company began expanding its U.S. business through complementary coverage of the East and West Coasts, customer sharing, mutual referrals and cross-selling.