Fuyo General Lease Co., Ltd.
Notice of Basic Agreement on Joint Business and Share Acquisition (Equity Method Affiliate) of Sumitomo Mitsui Trust Panasonic Finance Co., Ltd.
Fuyo General Lease Co., Ltd. signed a basic agreement on March 30, 2026, to acquire 40% of the outstanding shares of Sumitomo Mitsui Trust Panasonic Finance Co., Ltd. and make it an equity-method affiliate.
Key Figures
- Planned Share Acquisition Ratio: 40% (Fuyo General Lease Co., Ltd.)
- Capital: 25,584 million yen (Sumitomo Mitsui Trust Panasonic Finance Co., Ltd.)
- Scheduled Transfer Execution Date: 2026-10-01
AI要約
Background and Purpose of the Joint Business
Fuyo General Lease Co., Ltd., in collaboration with Sumitomo Mitsui Trust Bank and Yokohama Financial Group, aims to expand its business domain and enhance corporate value by acquiring 40% of the shares in Sumitomo Mitsui Trust Panasonic Finance Co., Ltd. (SMTPFC) and making it an equity-method affiliate. Based on the medium-term management plan “Fuyo Shared Value 2026,” the company promotes simultaneous achievement of social issue resolution and economic value creation, providing diverse solutions centered on leasing and finance functions.
Overview of the Joint Business and Future Schedule
Post joint business, SMTPFC’s shareholder structure is expected to be Sumitomo Mitsui Trust Bank 45%, Fuyo General Lease 40%, and Yokohama FG 15%. Specific number and amount of shares to be transferred will be decided through future discussions. The basic agreement was signed on March 30, 2026, share transfer agreement is planned for July 2026, and the transfer execution is scheduled for October 1, 2026. Detailed consultations among relevant parties will proceed going forward.
Fuyo General Lease Co., Ltd.
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