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’s business expertise.
・
Outline of the New Formation
Trade Name : ORIX Credit
Corporation
Location of Head Office : 22-20, Akebonocho 2-chome, Tachikawa-shi,
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.)
Copyright © 2009 Sumitomo Mitsui Banking Corporation. All Rights Reserved.