Fuyo General Lease Co., Ltd. acquired remaining 70% stake in Nihon Credit Lease Corporation from NichiiGakkan Co., Ltd.
April 31, 2021
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Fuyo General Lease Co., Ltd. (TSE:8424) entered into a contract to acquire remaining 70% stake in Nihon Credit Lease Corporation from NichiiGakkan Co., Ltd. on March 26, 2021. Post the transaction, Nihon Credit Lease Corporation will become wholly owned subsidiary of Fuyo General Lease. Nihon Credit Lease Corporation has net assets of ¥1.4 billion, total assets of ¥1.4 billion, sales of ¥9.3 billion, operating income of ¥97 million and net income of ¥64 million for the fiscal year ended March 31, 2020. The transaction has been resolved by the Board of Directors of Fuyo General Lease. The transaction is expected to close on April 1, 2021.
Fuyo General Lease Co., Ltd. (TSE:8424) completed the acquisition of remaining 70% stake in Nihon Credit Lease Corporation from NichiiGakkan Co., Ltd. on April 01, 2021.
Fuyo General Lease Co Ltd is engaged in the financial transactions such as leasing of machinery and equipment, real estate leasing, installment sales transactions and monetary lending. The Company operates in three business segments. The Leasing & Installment segment includes leasing of information-related equipment & office equipment, industrial machine tools (including property sales associated with the expiration & cancellation of lease transactions), the leasing of real estate, as well as the installment sale of commercial equipment, production equipment, hospital equipment. The Finance segment is involved in the money lending, the operation of securities owned to obtain financial income for business purposes, and the establishing of the silent partnership. Others segment includes environment and energy-related, fees and business process outsourcing (BPO) services (new areas).
FUYO GENERAL LEASE CO., LTD. 
