Strengthening the Individual Installment Financing Business Platform and Collaboration through the Acquisition of AEON Product Finance
First written in FY2024-Q3. 3 of 5 entries say "Advanced", first in FY2026-H1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「The company has confirmed that collection performance and other metrics have improved by establishing and strengthening the collection framework at Orico Product Finance Co., Ltd. As a result, the allowance for doubtful accounts for the current consolidated fiscal year is ¥2,018 million lower than under the previous method.」
For the acquired Orico Product Finance, the company is transferring its collection expertise and strengthening the collection framework, reducing the allowance for doubtful accounts by ¥2,018 million compared with the previous method. - FY2026-H1AdvancedAnnual report
「In the individual installment credit business, auto loan transaction volume increased year on year, mainly due to growth in transaction volume at 株式会社オリコプロダクトファイナンス.」
Growth in the transaction volume of the wholly owned subsidiary Orico Product Finance contributed to an increase in auto loan transaction volume. - FY2024-Q3First statedAnnual report
「As part of this initiative, the company agreed with AEON Financial Service to acquire all shares of the target company and enter into a share transfer agreement. Established in 1959, the target company has operated an individual installment sales business centred on auto loans for many years, and has a strong network of member stores and a broad product lineup. Through making the target company a wholly owned subsidiary, the company will further strengthen the business platform of its already industry-leading Individual Installment Sales Business and enhance its competitive advantage in that business, while working to further strengthen the earnings base of the entire group by pursuing synergies with other businesses. Business combination date: 19 March 2024 (予定) Voting rights to be acquired: 100% Acquisition cost: ¥25,000 million」
As part of a broad business partnership with AEON Financial Service, the company plans to acquire all shares of AEON Product Finance for ¥25 billion and make it a wholly owned subsidiary on 19 March 2024. It newly outlined plans to strengthen the platform and competitive advantage of its Individual Installment Sales Business and pursue synergies with other businesses.