Resona : Announcement on the Increase in Shareholding Ratios in Leasing Companies and Their Becoming Affiliated Companies Accounted for by the Equity Method
July 31, 2018 at 12:48 pm IST
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July 31, 2018
Resona Holdings, Inc.
Resona Holdings, Inc. ('Resona Holdings') increased the shareholding ratio of the Resona group in each of DFL Lease Company Limited and Shutoken Leasing Co., Ltd., each of which carries on leasing business mainly within Japan, to 20 per cent, and made them affiliated companies accounted for by the equity method of Resona Holdings today.
Pursuant to the Medium-Term Management Plan announced in April 2017, the Resona group has been endeavoring to create new revenue opportunities by expanding functions highly compatible with the banking business as the group's functions, and the foregoing measure has been implemented as part of such efforts.
Thus far, these two leasing companies have provided customers of the Resona group with advanced functions in the leasing business held by them through business collaboration. Through the foregoing increase in the shareholding ratios in these two companies, the Resona group will further enhance solutions capabilities utilizing the leasing functions and will support customers' efforts to respond to business challenges even more than before.
The impact of this event on Resona Holdings' consolidated results for the fiscal year ending March 2019 is expected to be minimal.
[Outline of the two leasing companies after becoming affiliated companies accounted for by the equity method
Company name
DFL Lease Company Limited
Shutoken Leasing Co., Ltd.
Principal line of business
General leasing
General leasing
Date of establishment
January 12, 1982
April 2, 1976
Location of head office
4-1-1, Fushimimachi, Chuo-ku, Osaka
9-1, Kanda Mitoshirocho, Chiyoda-ku, Tokyo
Representative
Hisashi Saito,
Representative Director and President
Noritada Murakami,
Representative Director and President
Resona Holdings Inc. published this content on 31 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 July 2018 07:17:02 UTC
Resona Holdings, Inc. is a financial services group especially organized around 3 areas of activity:
- retail banking and asset management;
- corporate banking;
- market banking.
At the end of March 2021, the group managed JPY 58,691.2 billion of current deposits and JPY 38,978.9 billion of current credits.
Almost all revenues are in Japan.
Resona : Announcement on the Increase in Shareholding Ratios in Leasing Companies and Their Becoming Affiliated Companies Accounted for by the Equity Method