Tokyo Century Corporation history, profile and corporate video
Tokyo Century Corporation is a financial services company headquartered in Chiyoda City, Japan.
HISTORY
Tokyo Century Corporation was established as Century Tokyo Leasing Corporation in April 2009 through a merger between Century Leasing System, Inc. and Tokyo Leasing Co., Ltd.
Century Leasing System, Inc. was jointly established in 1969 by ITOCHU Corporation, Daiichi Bank, Ltd. (currently Mizuho Bank, Ltd.), Nippon Life Insurance Company, and Asahi Mutual Life Insurance Company, with a capitalization of 500 million yen.
Tokyo Leasing Co., Ltd. was jointly established in 1964 by Nippon Kangyo Bank, Ltd. (currently Mizuho Bank, Ltd.), Kangin Tochi-Tatemono Co., Ltd (currently Chuo-Nittochi Co., Ltd.), and Nanoh Co., Ltd. (currently Nissin Tatemono Co., Ltd.), with a capitalization of 1 million yen.
In October 2009, TLC Business Service Co., Ltd. unified business processing service sections of Century Business Service, Inc., and the company name was changed to TC Business Service Co., Ltd.
In 2010, IHI Finance Support was converted into a consolidated subsidiary.
In January 2010, Century Tokyo Leasing China Corporation (currently Tokyo Century Leasing China Corporation) was established through a merger between Tozui Corporation and Century Leasing (China) Co., Ltd.
In April 2010, TC Agency Corporation was established through a merger between Tokyo Lease Kanzai K.K. and Century Business Service, Inc.
In 2012, the company acquired interests in GA Telesis and converted it into an equity-method affiliate.
In April 2012, Tokyo Century started leasing business in India through a business alliance with the Tata Group.
In August 2012, Tokyo Century established Kyocera TCL Solar LLC. with Kyocera Corporation as a joint venture.
In 2013, a merger between Tokyo Auto Leasing and Nippon Car Solutions was completed, and Nippon Car Solutions was converted into a consolidated subsidiary. That year, Nippon Rent-A-Car Service was also converted into a consolidated subsidiary.
In 2014, Tokyo Century acquired shares in a leasing subsidiary of Bank of the Philippine Islands, a leading bank in the Philippines, and converted it first into an equity-method affiliate and then into a consolidated subsidiary in 2020.
In 2015, CSI Leasing, a leading U.S.-based independent leasing company, was converted into an equity-method affiliate and, in 2016, into a wholly-owned subsidiary.
In 2016, the company changed its name from Century Tokyo Leasing China Corporation to Tokyo Century Corporation.
In April 2016, Tokyo Century launched Robot Dispatch (Rental) Business jointly with Kawasaki Heavy Industries, Ltd.
In May 2016, Tokyo Century established a wood biomass power generation company, Nanatsujima Biomass Power LLC.
In November 2016, Tokyo Century signed a strategic partnership agreement with Lippo Group, a major conglomerate in Indonesia.
In December 2016, a strategic partnership with Grab Inc. was concluded.
In 2017, Aviation Capital Group, a major U.S.-based commercial aircraft lessor, was converted into an equity-method affiliate and then a wholly-owned subsidiary in 2019.
In February 2017, a strategic business partnership with China Union Pay Merchant Services was concluded.
In May 2017, a strategic partnership with Tsukishima Kikai Co., Ltd. was concluded.
In October 2017, a strategic business partnership with Bplats, Inc. was concluded.
In 2018, Tokyo Century acquired shares in Shinko Real Estate and converted it into a consolidated subsidiary.
In May 2018, Tokyo Century made an agreement with Yaskawa Electric Corporation and Yaskawa Mechatrec Corporation to collaborate on the rental of rehabilitation devices.
In December 2018, Tokyo Century established Gateway Engine Leasing LLC, a joint venture for aircraft engine leasing with GA Telesis, LLC and ANA Trading Co., Ltd.
In March 2019, Tokyo Century acquired shares in Amada Lease and converted it into a consolidated subsidiary.
In December 2019, the company acquired shares in U.S.-based leasing company AP Equipment Financing and converted it into a wholly-owned subsidiary.
In June 2019, Tokyo Century acquired a stake in ITOCHU Construction Machinery (a subsidiary of ITOCHU Corporation), converted it into an equity-method affiliate, and then changed the name t ITOCHU TC Construction Machinery.
In February 2020, a capital and business alliance agreement with Nippon Telegraph and Telephone Corporation (NTT) was concluded.
In July 2020, the company jointly acquired Q’sai with Advantage Partners and Euglena. NTT TC Leasing was also established by carving out the leasing and global businesses of NTT Finance.
In 2021, Tokyo Century acquired a stake in Nittsu Lease & Finance and converted it into an equity-method affiliate. It also jointly acquired a hotel and large-scale hall in the TOKYO TORCH district (Tokyo Tokiwabashi Project) with Mitsubishi Estate.
OPERATIONS
Tokyo Century operates through the following business segments: Equipment Leasing, Mobility & Fleet Management, Specialty Financing, and International Business.
Equipment Leasing
The Equipment Leasing segment offers financial services linked to all types of assets, including information and communications equipment, office equipment, factory equipment, construction machinery, and commercial equipment.
Mobility & Fleet Management
The Mobility & Fleet Management segment delivers services for each use case from a broad lineup, from auto leasing for both corporate customers and individuals to car rental services.
Specialty Financing
The Specialty Financing segment involves financial services in areas such as shipping, aviation, the environment and energy, real estate, structured finance and principal investment.
International Business
The International Business segment delivers specialized services on a global scale by partnering with leading local companies and financial institutions to promote its alliance strategy. The company’s overseas network covers more than 30 countries and regions worldwide.
SUBSIDIARIES
Japan
- TC Agency Corporation (established in 1972) – casualty insurance;
- S.D.L Co., Ltd. (established in 1991) – general leasing;
- ITEC Leasing Co., Ltd. (established in 2003) – general leasing;
- TC Business Service Corporation (established in 2004) – business processing services;
- Orico Auto Leasing Co., Ltd. (established in 2008) – auto leasing for individuals;
- Fujitsu Leasing Co., Ltd. (established in 2008) – IT equipment leasing;
- IHI Finance Support Corporation (established in 2010) – general leasing and finance;
- TC Business Experts Corporation (established in 2010) – business inspection service;
- TC Property Solutions Corporation (established in 2011) – property management;
- Kyocera TCL Solar LLC (established in 2012) – sales of electricity generated using solar power;
- Nippon Car Solutions Co., Ltd. (formed through the 2013 merger of Tokyo Auto Leasing Co., Ltd. and Nippon Car Solutions Co., Ltd., which was established in 1979) – auto leasing;
- Nippon Rent-A-Car Service, Inc. (established in 2013) – car rental;
- Orico Business Leasing Co., Ltd. (established in 2015) – general leasing;
- Shunan Power Corporation (established in 2016) – sales of electricity;
- TRY Corporation (established in 2017) – refurbishment of IT equipment.
- Shinko Real Estate Co., Ltd. (established in 2018) – real estate business;
- TC Tsukishima Energy Solution LLC (Established 2018) – sales of electricity generated using biogas;
- Amada Lease Co., Ltd. (established in 2019) – general leasing.
Asia
- Tokyo Century Leasing (Singapore) Pte. Ltd. (established in 1979)- general leasing;
- Tokyo Leasing (Hong Kong) Ltd. (established in 1983) – general leasing;
- Tokyo Century Leasing China Corporation (established in 2006) – general leasing;
- HTC Leasing Co., Ltd. (established in 2006) – construction machinery finance;
- Tokyo Century Capital (Malaysia) Sdn. Bhd. (established in 2007) – general leasing;
- PT. Century Tokyo Leasing Indonesia (established in 2011) – general leasing;
- Tokyo Century Factoring China Corporation (established in 2013) – factoring services;
- TISCO Tokyo Leasing Co., Ltd. (established in 2014) – general leasing;
- BPI Century Tokyo Lease & Finance Corporation (established in 2014) – general leasing;
- TC Advanced Solutions Co., Ltd. (established in 2017) – reverse factoring and other services;
- TC Car Solutions (Thailand) Co., Ltd. (established in 2017) – auto financing and services;
- Tokyo Century Asia Pte. Ltd. (established in 2018) – investment/shareholding and ancillary business.
- NTT Global Data Centers NAV2 Private Limited (established in 2021) – IT services and equipment leasing.
U.S.A
- Tokyo Century (USA) Inc. (established in 1985) – general leasing;
- CSI Leasing, Inc. (established in 2016) – IT equipment leasing;
- TC Realty Investments Inc. (established in 2015) – real estate investment;
- Work Truck Direct, Inc. (established in 2015) – sales of small and medium-sized trucks;
- TC Skyward Aviation U.S., Inc. (established in 2017) – aviation leasing and finance;
- Aviation Capital Group LLC (established in 2017) – aviation leasing and finance;
- AP Equipment Financing Inc. (established in 2019) – general leasing and finance.
Europe
- Tokyo Leasing (UK) Plc (established in 1983) – general leasing;
- TC Aviation Capital UK Ltd. (established in 2013) – aviation leasing and finance;
- TC Aviation Capital Ireland Ltd. (established in 2013) – aviation leasing and finance;
- TC Skyward Aviation Ireland Ltd. (established in 2017) – aviation leasing and finance.
EQUITY-METHOD AFFILIATES
Japan
- ITOCHU TC Construction Machinery Co., Ltd. – sales and rental services for construction and other equipment;
- Chuo-Nittochi Asset Management Co., Ltd. – management and formation of real estate investment funds;
- Bplats, Inc. – subscription-based business;
- NTT TC Leasing Co., Ltd. – general leasing and finance;
- NITTSU Lease & Finance Co., Ltd. – general leasing and finance;
- Nanatsujima Biomass Power LLC – sales of electricity generated using biomass power.
Asia
- President Tokyo Corporation – automobile leasing and general leasing;
- Yoma Fleet Ltd. – auto leasing and car sharing;
- Suzhou New District Furui Leasing Co., Ltd. – general leasing and finance;
- Dalian Bingshan Group Hua Hui Da Financial Leasing Co., Ltd. – general leasing and finance.
- PT. Hexa Finance Indonesia – construction machinery finance.
U.S.A
- GA Telesis, LLC – provider of products, services and solutions to the commercial aerospace industry;
- Gateway Engine Leasing LLC – aircraft engine leasing.
With more than 900 employees, Tokyo Century Corporation is considered one of the Largest Public Companies in the World, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and www.tokyocentury.co.jp/en.
**Video published on YouTube by “東証ＩＲムービー・スクエア TSE IR MOVIE SQUARE“.