Announced details
Leasing of energy-saving equipment, including residential solar power generation systems and batteries, for detached homes nationwide; renewable energy
3,593 lease receivables forming the underlying assets (subject to securitization)
TEPCOフィンテック株式会社 consulted us regarding the securitization of its lease receivables, and we acted as arranger. We entered into an outsourcing agreement.
1-1-3 Uchisaiwaicho, Chiyoda-ku, Tokyo; President and Representative Director Fujii Yoshiyuki (藤居 善之); established in October 2019; develops and operates businesses in the finance and payments sectors, including installment sales, leasing and credit guarantees; a wholly owned subsidiary of Tokyo Electric Power Company Holdings,Incorporated
Senior ABL: AAA rating; mezzanine ABL: A rating
Japan Credit Rating Agency, Ltd. (JCR)
Underlying asset pool: outstanding receivables of ¥5,161 million; 3,593 receivables
¥3,878 million (senior ABL: ¥3,000 million; mezzanine ABL: ¥878 million)
The impact on our financial results is minor.
The company does not address Offering price.
Japan Credit Rating Agency, Ltd. (JCR)
| Item | Details |
|---|---|
| Names of Products / Services Covered | TEPCO FinTech Solar Power and Battery Lease Receivables Securitization 2026-01; leases of residential solar power generation systems, batteries and other equipment |
| Counterparty | TEPCOフィンテック株式会社 |
| Counterparty overview | 1-1-3 Uchisaiwaicho, Chiyoda-ku, Tokyo; President and Representative Director Fujii Yoshiyuki (藤居 善之); established in October 2019; develops and operates businesses in the finance and payments sectors, including installment sales, leasing and credit guarantees; a wholly owned subsidiary of Tokyo Electric Power Company Holdings,Incorporated |
| Relationship with the Company | TEPCOフィンテック株式会社 consulted us regarding the securitization of its lease receivables, and we acted as arranger. We entered into an outsourcing agreement. |
| Contract Value | ¥3,878 million (senior ABL: ¥3,000 million; mezzanine ABL: ¥878 million) |
| Launch date | ABL funding date: 28 September 2026 (completed) |
| Applicable area | Leasing of energy-saving equipment, including residential solar power generation systems and batteries, for detached homes nationwide; renewable energy |
| Award/certification name | Senior ABL: AAA rating; mezzanine ABL: A rating |
| Awarding / certifying body | Japan Credit Rating Agency, Ltd. (JCR) |
| Location scale | Underlying asset pool: outstanding receivables of ¥5,161 million; 3,593 receivables |
| Usage history | 3,593 lease receivables forming the underlying assets (subject to securitization) |
| Impact on Business Performance | The impact on our financial results is minor. |
| Source | Japan Credit Rating Agency, Ltd. (JCR) |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To improve the capital efficiency of TEPCOフィンテック株式会社 and diversify its funding methods.