Strengthening Consolidated Management, Financial Foundation and Talent Development

「As a result, the equity ratio rose 0.1 percentage point from the end of the previous fiscal year to 15.6%.」

「As a result, the equity ratio rose 0.5 percentage points from the end of the previous fiscal year to 15.5%.」

「As a result, the equity ratio was 15.0%.」

「As a result, the equity ratio rose 1.4 percentage points from the end of the previous fiscal year to 14.9%.」

「As a result, the equity ratio increased by 1.9 percentage points from the end of the previous fiscal year to 14.4%.」

「As a result, the equity ratio increased by 1.4 percentage points from the end of the previous fiscal year to 13.9%.」

「As a result, the equity ratio increased by 0.1 percentage points from the end of the previous fiscal year to 12.6%.」

「As a result, the equity ratio increased by 0.6 percentage points from the end of the previous fiscal year to 12.5%.」

「As a result, the equity ratio increased by 1.5 percentage points from the end of the previous fiscal year to 13.4%.」

「As a result, the equity ratio increased by 1.2 percentage points from the end of the previous fiscal year to 13.1%.」

「As a result, the equity ratio increased by 1.2 percentage points from the end of the previous fiscal year to 11.4%.」

「As a result, the equity ratio increased by 1.1 percentage points from the end of the previous fiscal year to 11.3%.」

「<Management Strategy> 2. Strengthening the Management Platform (1) Strengthening consolidated management ・Advancing consolidated management on a global basis ・Practicing sustainability management that contributes to stronger responses to the SDGs and ESG (2) Enhancing and strengthening the financial base ・Strengthening funding stability and liquidity measures ・Expanding foreign-currency funding capacity ・Enhancing the ALM management framework (3) Human capital development emphasizing diversity and initiatives for work-style reform (4) Promoting business transformation through the use of digital technologies (5) Advancing the risk management framework (6) Strengthening governance」

「The credit ratings obtained from the Japan Credit Rating Agency, Ltd. (JCR) for our company and our consolidated subsidiaries 日本カーソリューションズ株式会社 and 富士通リース株式会社 were upgraded from “A+” to “AA-.”」

「The outlook on the credit ratings obtained from the Japan Credit Rating Agency, Ltd. (JCR) for our company and our two consolidated subsidiaries, 日本カーソリューションズ株式会社 and 富士通リース株式会社, changed from “Stable” to “Positive.”」

「② Strengthening the Management Platform ・With respect to the “Companies Selected for the Competitive IT Strategy 2017” program jointly promoted by the Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange, we were selected for the third consecutive year since FY2015, when the program was established, as 1 of the 31 companies selected from approximately 3,500 listed companies. ・We became a constituent of the FTSE Blossom Japan Index, an index reflecting the performance of Japanese companies with strong environmental, social and governance (ESG) practices.」

「We additionally acquired shares in our consolidated subsidiary Nippon Rent-A-Car Service Co., Ltd. to further strengthen cooperation with the company. (The ownership interest increased from 69.6% at the end of March 2016 to 81.1% at the end of March 2017.)」

「Our Indonesian subsidiary, PT. Century Tokyo Leasing Indonesia, issued the Group's first unsecured ordinary bonds denominated in Indonesian rupiah in the Indonesian market, amounting to IDR 200 billion (approximately ¥1.6 billion), to meet funding needs associated with the expansion of lease assets and other assets.」

「As a measure to strengthen our management platform, we acquired additional shares in our consolidated subsidiary ニッポンレンタカーサービス株式会社 to further strengthen cooperation with our company. (The holding increased from 69.6% at the end of March 2016 to 77.7% at the end of September 2016.)」

「As measures to strengthen the management platform, we issued unsecured corporate bonds with a pari passu clause limited to other corporate bonds and worked to enhance and strengthen the financial base by diversifying our funding sources.」

「② Strengthening the Management Platform ・Strengthening consolidated management ・Enhancing and strengthening the financial base ・Advancing risk control ・Strengthening human capital development ・Enhancing corporate governance」