Formation of a joint venture between NTT and TC Lease through a capital and business alliance with NTT
First written in FY2020-Q3. 9 of 13 entries say "Advanced", first in FY2020. Latest entry: 2026-08-03.
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- 2026-08-03AdvancedEarnings
「The main factor behind the increase in profit was higher equity-method income from NTT・TC Lease Co., Ltd., our joint venture with a partner.」
Higher equity-method income from the joint business with NTT・TC Lease contributed to increased profit in the domestic business division in the first quarter. - FY2026AdvancedAnnual report
「NTT・TCリース株式会社 (NTL) overcame the increase in funding costs resulting from higher yen interest rates and achieved record-high profit.」
The joint business with NTT・TCリース achieved record-high profit despite the impact of higher funding costs resulting from rising yen interest rates, demonstrating the earnings contribution from co-creation projects and equity-method investment gains. - 2026-05-11AdvancedEarnings presentation
「Profit increased due to growth in segment asset balances and gains on disposals and other factors. Of the ¥1.7 billion year-on-year increase, ¥0.5 billion was attributable to foreign exchange.」
Higher earnings contribution from NTT・TC Lease reflected the revenue contribution of the joint business in full-year results. - FY2025-H1Decrease in equity-method investment gains due to foreign exchange movementsAnnual report
「Revenue decreased by ¥9.2 billion, or 3.9%, year on year to ¥224.3 billion, while segment profit decreased by ¥800 million, or 6.7%, to ¥11.3 billion. The main factor behind the decline in profit was a decrease in the equity-method investment gain from NTT・TCリース株式会社 due to the impact of foreign exchange movements.」
For the joint business with NTT・TCリース, equity-method investment gains declined due to foreign exchange movements, and segment profit in the Domestic Leasing business fell 6.7% year on year to ¥11.3 billion. - FY2023AdvancedAnnual report
「Ordinary income for the consolidated fiscal year declined despite an increase in equity-method investment gains from joint businesses with strong partners, including NTT・TCリース株式会社 and 日通リース&ファイナンス株式会社, mainly because standalone profit declined as asset balances decreased.」
Joint businesses with NTT・TCリース and other partners continued to contribute to full-year performance through increased equity-method investment gains. - FY2023-Q2AdvancedAnnual report
「[Domestic Leasing Business] Revenue decreased by ¥17.0 billion, or 6.6%, year on year to ¥241.0 billion, while segment profit increased by ¥1.0 billion, or 6.0%, to ¥17.3 billion. The main factor behind the increase in profit was higher equity-method investment income from affiliates NTT・TCリース株式会社 and 日通リース＆ファイナンス株式会社.」
The joint business with NTT・TCリース continued to be reflected in earnings through higher equity-method investment gains. Segment profit in the Domestic Leasing business reached ¥17.3 billion, up 6.0% year on year. - FY2023-Q1AdvancedAnnual report
「The main factor behind the increase in profit was higher equity-method investment income from affiliates NTT・TCリース株式会社 and 日通リース＆ファイナンス株式会社.」
The joint business with NTT・TCリース continued to contribute to higher first-quarter segment profit in the Domestic Leasing business through increased equity-method investment gains. - FY2022-Q2AdvancedAnnual report
「The main factor behind the increase in profit was higher equity-method investment income from affiliates, including NTT・TCリース株式会社 and 日通リース＆ファイナンス株式会社.」
The increase in equity-method investment gains from NTT・TCリース and 日通リース&ファイナンス contributed to higher segment profit in the Domestic Leasing business. The joint business with NTT・TCリース continued to make a contribution to earnings. - FY2022-Q1AdvancedAnnual report
「[Domestic Leasing] Revenue decreased by ¥400 million, or 0.3%, year on year to ¥136.6 billion, while segment profit increased by ¥1.4 billion, or 20.2%, to ¥8.1 billion. The main factor behind the increase in segment profit was that the equity-method investment gain from NTT・TCリース株式会社, which became an equity-method affiliate in July 2020, was reflected from the beginning of the period.」
The equity-method investment gain from NTT・TCリース was reflected from the beginning of the period, and segment profit in the Domestic Leasing business increased 20.2% year on year. The earnings contribution following the formation of the joint venture was shown in the quarterly results. - FY2021Cited as achievedAnnual report
「Joint businesses with strong partners, including NTT・TCリース株式会社, which became an equity-method affiliate from the second quarter, contributed to earnings, resulting in higher profit.」
The company disclosed that, following the 50% investment in NTT・TCリース in July 2020 and its designation as an equity-method affiliate, the joint venture contributed to higher profit in the Domestic Leasing business. - FY2021-Q2AchievedAnnual report
「During the second quarter of the current consolidated fiscal year, we acquired 50% of the total number of issued shares of NTT・TCリース株式会社, which assumed part of the leasing and global businesses operated by NTT Finance株式会社 through an absorption-type company split. As a result, NTT・TCリース株式会社 is now accounted for as an equity-method affiliate.」
The establishment of NTT・TCリース and the acquisition of a 50% interest were completed in July 2020, and the company was added to the scope of consolidation as an equity-method affiliate. - FY2020AdvancedAnnual report
「By combining the company's financial and service solution expertise and delivery capabilities with the NTT Group's credit strength and research and development capabilities, as well as the leasing business capabilities developed by NTT Finance Corporation, the company will enhance the enterprise value of the new company.」
The capital and business alliance with NTT progressed to the execution of agreements and a joint venture agreement for the establishment and operation of the new company, becoming more concrete ahead of the planned July 2020 investment in NTT・TCリース. - FY2020-Q3First statedAnnual report
「As the first step in the business alliance, the company and NTT will strengthen and expand their leasing and finance businesses by transferring the leasing and global businesses of NTT Finance Corporation, the NTT Group's core financial company, to a newly established company preparing for the demerger, expected to be named NTT・TCリース株式会社, through an absorption-type company split in which the transferred business remains with the transferring company. The company will then acquire shares in the new company, forming it as a joint venture. The company and the NTT Group will each hold an equal equity interest in the new company. Under the share transfer agreement between the company and NTT Finance, the company is scheduled to acquire shares equivalent to 50% of the new company's outstanding shares and make it an equity-method affiliate.」
The company first disclosed plans to establish a new company to succeed to NTT Finance's leasing and global businesses, with the company acquiring a 50% interest on 1 July 2020 to form a joint venture.