MITSUBISHI HC CAPITAL INC. For Reference Only
April 15, 2016 For immediate release
Company Name: Mitsubishi UFJ Lease & Finance Company Limited Representative: Tadashi Shiraishi, President & CEO
Stock Code: 8593
Stock Listing: Tokyo Stock Exchange, First Section
Nagoya Stock Exchange, First Section For inquiries: Kei Murakami, General Manager
Corporate Communications Department
Mitsubishi UFJ Lease & Finance Company Limited ("MUL") hereby announces that it has established a new branch of its U.S. subsidiary, Mitsubishi UFJ Lease & Finance (U.S.A.) Inc. ("MULUSA"), in San Diego, California, effective April 1, 2016.
Since the establishment of MULUSA in 1985, the Group has supported capital investment of Japanese companies, especially those in the automobile-related industry, operating in the United States. To further expand its business platform in the country, through the establishment of the new branch, the Group will fully engage in the equipment leasing business with local U.S. companies. By utilizing the Group's capabilities to identify the potential value of assets, which have been developed over the years, the new branch will mainly provide operating lease services to local companies.
Meanwhile, MULUSA is also working to expand its structure to support capital investment of Japanese companies in the United States. In addition to the Kentucky Head Office in the Midwest and Los Angeles Branch, in August 2015, MULUSA opened a new office in Georgia in the South, attracting a growing number of Japanese companies. In March 2016, the Group changed the status of the MUL New York Representative Office to a branch of MULUSA. By expanding the business platform covering the entire nation, the Group will further strengthen its service provision functions to both Japanese and U.S. companies.
＜MULUSA sales office network＞ *Within thick lines: New offices
Name | Location |
Head Office (Florence, Kentucky) | 7300 Turfway Road, Suite 510, Florence, KY 41042, U.S.A. |
Los Angeles Branch (California) | 21250 Hawthorne Blvd., Suite 500, Torrance, CA 90503, U.S.A. |
New York Branch | 100 Park Avenue, Suite 1612, New York, NY 10017, U.S.A. |
San Diego Branch (California) | 3661 Valley Centre Drive, Suite 225, San Diego, CA 92130, U.S.A. (after June) |
Atlanta Office (Georgia) | 5 Concourse Parkway NE, Suite 3000, Office 3001, Atlanta, GA 30328, U.S.A. |
In recent years, the Group has been actively reinforcing its global asset business, one of its key strategic areas, in the United States in addition to facilitating operations in the equipment leasing business. The Group has welcomed Jackson Square Aviation, LLC, a leading aircraft leasing company, and Beacon Intermodal Leasing, LLC, a marine container leasing company, as its members through strategic acquisition, while making a full entry into the freight car leasing business through an alliance with a local partner.
Going forward, the Group continuously aims to expand and create business and profit-earning opportunities in the U.S. market with high growth potential by expanding its revenue base, with both global asset and equipment leasing businesses as growth drivers, and at the same time pursuing non-organic growth strategies through acquisitions and alliances.
END
Mitsubishi UFJ Lease & Finance Co. Ltd. issued this content on 15 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 April 2016 01:18:10 UTC
Original Document: http://www.lf.mufg.jp/english/investors/library/pressrelease/2016041502.pdf
