The Toho Bank, Ltd. cancelled the acquisition of remaining 28% stake in The Toho Lease Co., Ltd. from IBJ Leasing Company, Limited.
May 21, 2016
Share
The Toho Bank, Ltd. (TSE:8346) agreed to acquire remaining 28% stake in The Toho Lease Co., Ltd. from IBJ Leasing Company, Limited (TSE:8425) on May 22, 2015. On closing, The Toho Bank will 100% stake in The Toho Lease. A contract is expected to be concluded on June 1, 2015. The Board of IBJ Leasing Company passed a resolution for the transaction on May 22, 2015. The transaction will close on June 5, 2015.
The Toho Bank, Ltd. (TSE:8346) cancelled the acquisition of remaining 28% stake in The Toho Lease Co., Ltd. from IBJ Leasing Company, Limited (TSE:8425) on May 22, 2016.
Mizuho Leasing Company, Limited, formerly IBJ Leasing Company, Limited, is mainly engaged in lease, installment sales and various financial transactions for industrial machinery, transportation equipment, information-related equipment. The Company operates in three business segments. The Leasing and Installment segment is engaged in the installment sales business of leasing operations (including expiration of lease transactions and property sales due to halfway cancellation) and production facilities, construction earthmoving machines, commercial facilities etc. for industrial machine tools, transportation equipment, information related equipment. The Finance segment is involved in corporate finance, ship financing, factoring business and investment business of securities owned to earn profits for business purpose. The Others segment is engaged in used property buying and selling, solar power selling business.