News Release


New Formation of ORIX Credit Corporation(1/1)

                      

Sumitomo Mitsui Banking Corporation

ORIX Corporation

ORIX Credit Corporation ORIX Corporation

ORIX Credit Corporation

 

 

New Formation of ORIX Credit Corporation

 

 

TOKYO, July 1, 2009 --- Sumitomo Mitsui Banking Corporation (SMBC, President: Masayuki Oku) and ORIX Corporation (ORIX, President and COO: Yukio Yanase) announce today that  ORIX Credit Corporation (OCC, President: Masatoshi Kenmochi) launched the following new formation, based on a final agreement which was followed by a basic agreement on a joint business development of OCC on May 7, 2009.

From now on, OCC strives to contribute to the sound growth of Japanese consumer finance market, along with responding diversified customer needs by utilizing human resources and expertise of SMBC on top of OCCfs business expertise.  @

 

E    Outline of the New Formation

Trade Name          @@@: ORIX Credit Corporation

Location of Head Office   :  22-20, Akebonocho 2-chome, Tachikawa-shi, Tokyo Trade Name                                :  :                        ORIX Credit Corporation

Location of Head Office        :  :         22-20, Akebonocho 2-chome, Tachikawa-shi, Tokyo

Shareholder Composition   :  SMBC   51% (a consolidated subsidiary of SMBC)

ORIX    49% (an equity method affiliated company of ORIX)

Shareholder CompositionEquity Shares                           :  :         SMBC     51% (a consolidated subsidiary of SMBC)

                                         ORIX         49% (an equity method affiliated company of ORIX)

Board of Directors and Corporate Auditors :

President@Masatoshi Kenmochi

Senior Managing Director@Masahiro Takami

Managing Director@Eiji Kamikubo

Director(outside)@Ikuhiko Morikawa (SMBC Managing Director)

Director(outside)@Yukihiko Onishi (SMBC General Manager, Subsidiaries & Affiliates Dept.)

Corporate Auditor@Hiroshi Ishikawa

Corporate Auditor(outside)@Satoru Yoshida (SMBC General Manager, Mass Retail Dept.)

Corporate Auditor(outside)@Masaaki Nomura
(SMBC Joint General Manager, Subsidiaries & Affiliates Dept.)

 

 

 




To News Release Top Page

Go to top of page