Strengthening the Leasing Business by Acquiring Auto Leasing and Small-Ticket Leasing Companies as Subsidiaries
First written in FY2024-Q1. 2 of 4 entries say "Advanced", first in FY2024-Q3. Latest entry: FY2026.
22 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「株式会社オリコビジネスリース became our wholly owned subsidiary through its acquisition of treasury shares.」
株式会社オリコビジネスリース became a wholly owned subsidiary, further advancing the integration of the leasing business into the group. - FY2024-Q3AdvancedAnnual report
「Because 30 September 2023 was treated as the deemed acquisition date, only the balance sheets were consolidated for the second-quarter consolidated accounting period, while the income statements have been consolidated from the third-quarter consolidated accounting period.」
For the conversion of 株式会社オリコオートリース and 株式会社オリコビジネスリース into subsidiaries, consolidation progressed from balance sheets only in the second quarter to income statements in the third quarter, when their revenue began to be reflected. - FY2024-Q2AchievedAnnual report
「As a change involving a major affiliated company, during the second-quarter consolidated accounting period our voting rights ratio increased because 株式会社オリコオートリース and 株式会社オリコビジネスリース, previously equity-method affiliates, acquired treasury shares. As a result, we made both companies consolidated subsidiaries, including 株式会社オリコオートリース in the individual installment sales business and 株式会社オリコビジネスリース in the payments and guarantees business.」
The planned conversion of 株式会社オリコオートリース and 株式会社オリコビジネスリース into consolidated subsidiaries, previously at the basic-agreement stage, was completed following the increase in our voting rights ratio. - FY2024-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 28 July 2023, we resolved to conclude a basic agreement to make Tokyo Century Corporation (hereinafter, “TC”) and TC’s consolidated subsidiaries 株式会社オリコオートリース (hereinafter, “OAL”) and 株式会社オリコビジネスリース (hereinafter, “OBL”) our consolidated subsidiaries. Business combination date: 29 September 2023 (scheduled) Voting rights ratio after acquisition: OAL 66%; OBL 80%」
We resolved to enter into a basic agreement under which we would take the initiative in the auto leasing and small-ticket leasing companies operated jointly with Tokyo Century Corporation and make them consolidated subsidiaries. Against the backdrop of the shift from ownership to use, expansion of the EV and charging equipment markets, and establishment of market-in sales, we aim to provide high-value-added products, services and solutions.