Ï㽶ÊÓƵ Announces Collaboration with Isuzu Motors for Auto Lease Business in Japan
April 1, 2013
Ï㽶ÊÓƵ (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter ¡°Ï㽶ÊÓƵ¡±) has agreed to collaborate with Isuzu Motors Limited (headquartered in Shinagawa-ku, Tokyo; Susumu Hosoi, President and Representative Director; hereinafter ¡°Isuzu¡±) in respect of domestic commercial auto lease business.
Based on this agreement, Isuzu Motors Sales Ltd., the group management company for Isuzu Motors¡¯ domestic business established in 2007 by Isuzu and Ï㽶ÊÓƵ (Isuzu 75%, Ï㽶ÊÓƵ 25%), established the wholly-owned domestic auto lease company Isuzu Leasing Services Limited (hereinafter ¡°ILS¡±) on April 1, 2013.
The establishment of ILS will add financial services to the Isuzu Group¡¯s ¡°Life Cycle Business,¡±* creating a system that is able to cater even more broadly to the needs of customers.
The collaborative venture aims to create value added services by providing Ï㽶ÊÓƵ¡¯s overseas automobile finance business know-how and the auto lease business know-how of Century Tokyo Leasing Corporation (headquartered in Chiyoda-ku, Tokyo), an equity method affiliate of Ï㽶ÊÓƵ. By adding Ï㽶ÊÓƵ¡¯s know-how in respect of financial services to the domestic sales business know-how cultivated by Isuzu, ILS aims to establish early on its business base.
*Life Cycle Business: Services that respond to customer needs throughout the vehicle¡¯s life cycle, from purchase and operation to replacement and disposal.
Overview of New Company
| Company name | Isuzu Leasing Services Limited (ILS) |
|---|---|
| Established | April 1, 2013 |
| Business launch date | May 2013 (planned) |
| Address | 6-22-7 Minami-Oi, Shinagawa-ku, Tokyo |
| President | Yasuo Fujikura |
| Capital | 3 billion yen (planned) |
| Shareholders | Wholly owned by Isuzu Motors Sales Ltd. |
| Business | Commercial vehicle leasing, commercial vehicle maintenance contract services |