Establishment of a Joint Venture for Mitsubishi Vehicle Sales Financing in the Philippines
First written in FY2017-Q1. 10 of 20 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1Decline in transaction volume due to tighter screening and higher interest ratesAnnual report
「In the Philippines, business volume declined due to stricter credit-screening standards and interest-rate increases, while operating revenue increased as the balance of operating receivables accumulated.」
In the Philippines, business volume declined as credit-screening standards were tightened and interest rates were raised, while operating revenue increased as the balance of operating receivables accumulated. - FY2024AdvancedAnnual report
「In the Philippines and Cambodia, business volume and operating revenue increased through the expansion of sales areas by opening branches and strengthening staffing in the sales divisions.」
In the Philippines and Cambodia, branches were opened, sales areas were expanded, and staffing was strengthened, resulting in increases in business volume and operating revenue. - FY2024-Q2AdvancedAnnual report
「In Cambodia and the Philippines, business volume and operating revenue increased as a result of focusing on developing new merchants and expanding sales areas.」
In Cambodia and the Philippines, business volume and operating revenue increased through the development of new merchants and expansion of sales areas. - FY2024-Q1AdvancedAnnual report
「In Indonesia, Cambodia and the Philippines, transaction volume and operating revenue increased as economic activity normalized further and the company focused on expanding sales areas and developing dealer networks.」
As economic activity normalized at overseas locations, including the Philippines, business volume and operating revenue increased through the expansion of sales areas and the development of new merchants. - FY2023AdvancedAnnual report
「In the Philippines and Cambodia, business volume increased through the development of new merchants and the expansion of sales areas.」
In the Philippines, the sales platform was further expanded following the establishment of the company as a consolidated subsidiary through the development of new merchants and expansion of sales areas. - FY2023-Q2AdvancedAnnual report
「In the Philippines, we focused on the four-wheel used-car market, and business volume and operating revenue increased as a result of strengthening the sales structure and expanding the area covered.」
In the Philippines, business volume and operating revenue increased as we focused on the four-wheel used-car market, strengthened the sales structure, and expanded the area covered. - FY2022-Q3RestatedAnnual report
「In the Philippines, although some restrictions on movement and business activities remained, auto-loan business volume increased as restrictions on socioeconomic activity were gradually eased. Operating revenue declined because the balance of operating receivables fell due to the prolonged impact of COVID-19.」
In the Philippines, auto-loan business volume increased as restrictions were eased, while operating revenue declined because the balance of operating receivables fell as the infectious disease continued for an extended period. - FY2022-Q2MitigatedAnnual report
「In the Philippines, restrictions on socioeconomic activity were gradually eased in the second quarter, and auto-loan business volume increased. Operating revenue declined because the balance of operating receivables fell due to the prolonged impact of COVID-19.」
Auto-loan business volume in the Philippines increased as restrictions on socioeconomic activity were eased, but operating revenue declined because the balance of operating receivables fell as the infectious disease continued for an extended period. - FY2022-Q1RestatedAnnual report
「In the Philippines, we had been working to expand business volume with a focus on the used-car market, but the number of new COVID-19 cases continued to rise, and business volume and operating revenue declined due to the temporary closure of dealerships and other factors.」
Although measures to expand business volume centered on the used-car market were under way, business volume and operating revenue declined due to the increase in infections and the temporary closure of dealerships, among other factors. - FY2021AdvancedAnnual report
「JACCS FINANCE PHILIPPINES CORPORATION resolved on 12 March 2021 to raise capital through a third-party allotment to our company and Sojitz Corporation, increasing its stated capital from 750 million pesos to 1,250 million pesos as of 27 April of the same year.」
For the Philippine subsidiary, a capital increase through a third-party allotment to our company and Sojitz was approved, increasing stated capital from 750 million pesos to 1,250 million pesos as of 27 April 2021. - FY2021-Q3Continued decline in the Philippine business due to infectious-disease restrictionsAnnual report
「In the Philippines, the business remained significantly affected by tighter restrictions accompanying the increase in COVID-19 cases, resulting in declines in business volume and operating revenue.」
While rebuilding the sales platform following the establishment of the company as a consolidated subsidiary, business volume and operating revenue declined due to tighter restrictions accompanying the increase in infections. - FY2021-Q2Business suspension due to the infectious diseaseAnnual report
「In the Philippines, we had been working to expand new business partners, focusing primarily on used-car loans, since the company became a consolidated subsidiary in July 2019. However, business volume declined because the spread of COVID-19 forced us to suspend operations from mid-March through mid-May.」
After the company became a consolidated subsidiary, efforts to expand new business partners for used-car loans were under way, but operations were suspended from mid-March through mid-May due to the infectious disease, resulting in a decline in business volume. - FY2021-Q1RestatedAnnual report
「In the Philippines, since the company became a consolidated subsidiary in July 2019, we have been rebuilding its sales platform and working to develop new business partners, focusing primarily on used-car loans.」
Following the establishment of the Philippine company as a subsidiary, efforts to rebuild its sales platform and develop new business partners, primarily for used-car loans, have continued. - FY2020-Q3AdvancedAnnual report
「In the Philippines, we made the company a consolidated subsidiary in July 2019 and have been working diligently to rebuild its sales platform.」
Following the establishment of the Philippine company as a consolidated subsidiary, work is under way to rebuild its sales platform. - FY2020-Q1AchievedAnnual report
「The share transfer procedures were completed on 3 July of that year, and the company became a consolidated subsidiary. On 10 July of the same year, its name was changed from MMPC Auto Financial Services Corporation to JACCS FINANCE PHILIPPINES CORPORATION.」
For MAFS in the Philippines, the additional 45% acquisition was completed on 3 July 2019, making it a consolidated subsidiary with an equity voting interest of 65% after the acquisition. Its name was changed to JACCS FINANCE PHILIPPINES CORPORATION. - FY2018-Q3RestatedAnnual report
「MMPC Auto Financial Services Corporation, our equity-method affiliate in the Philippines, has increased its business volume through the expansion of its merchant network and various promotions.」
For MAFS in the Philippines, this describes the continued expansion of business volume through the expansion of its merchant network and various promotions. - FY2018-Q2AdvancedAnnual report
「MMPC Auto Financial Services Corporation, our equity-method affiliate in the Philippines, has steadily expanded its business volume, including through the expansion of its merchant network.」
For MAFS, the Mitsubishi vehicle-focused sales finance company in the Philippines, this describes the expansion of business volume through the expansion of its merchant network. - FY2018-Q1AdvancedAnnual report
「MMPC Auto Financial Services Corporation, our equity-method affiliate in the Philippines, began full-scale operations as a finance company specializing in Mitsubishi vehicles in September of the previous year and has been steadily expanding its business volume.」
For the Mitsubishi vehicle-focused sales finance company in the Philippines, this describes the expansion of business volume following the start of full-scale operations. - FY2017-Q3AdvancedAnnual report
「In addition, in May of the previous year, we established MMPC Auto Financial Services Corporation as a joint venture in the Philippines, a sales finance company specializing in Mitsubishi vehicles, and began full-scale operations in September of that year.」
For MAFS, the Mitsubishi vehicle-focused sales finance company in the Philippines, this describes the operational milestone of beginning full-scale operations following its establishment. - FY2017-Q1First statedAnnual report
「During the cumulative first quarter, the Company jointly established MMPC Auto Financial Services Corporation (MAFS), a vehicle-finance company specializing in Mitsubishi vehicles, in the Republic of the Philippines with BDO Leasing and Finance, Inc. (BDOLF) of the Philippines, Sojitz Corporation and Mitsubishi Motors Philippines Corporation (MMPC). MAFS is accounted for as an affiliate under the equity method.」
Established MAFS, a Mitsubishi vehicle-focused sales finance company in the Philippines, through a joint venture with BDOLF and Sojitz.