The TC Group has continued to transform and grow its business model since its merger in 2009.
During the previous medium-term management plan period, COVID-19, Russian invasion of Ukraine and the trend toward carbon neutrality brought about the realization of potential risks and new challenges for future growth strategies.
Currently, P/B ratio (Price Book-value Ratio) has fallen below 1.0, and from the perspective of capital profitability and growth potential, we recognize the need to further transform our portfolio into a highly profitable and stable one.
Based on this recognition of issues, in order for the TC Group to continue to be a necessary part of society, we must establish a virtuous cycle of sustainability management by strengthening earning power and promoting ESG, and continue to create value on a sustainable basis.
Under the Medium-Term Management Plan 2027, we will deepen the strengths of our business models and partner strategies that we have built over the years and work to further transform our portfolio, human resources and organizational strategies.
This will help us achieve sustainable growth for the future.
To this end, each of our executives and employees must not only respond to change but also transform themselves so that we can actively take on the challenge of creating change.
As a trusted service and business partner, TC Group will continue to contribute to the realization of sutainable economy and society and take on the challenge of solving social issues.
Ordinary income, net income, and ROE were below target; shareholders' equity ratio achieved target due to increase in translation adjustments due to the depreciation of the yen.
Ordinary income reached a record high, but significant losses were reported in aviation business hit by COVID-19 and Russian invasion of Ukraine. Losses were also reported for operational investment securities in Asia business, and in the environment and energy businesses.
On the other hand, our business platform expanded steadily including the stable improvement of financial performance by Group companies.
Tokyo Century Corporation published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 06:42:11 UTC.
Tokyo Century Corp is a Japan-based company mainly engaged in financial business. The Company operates in four business segments. Domestic Leasing segment is engaged in leasing and financing of information and communication equipment, office equipment, industrial machine tools, transportation equipment, and equipment for commercial and service industries. Domestic Automobile segment is engaged in auto leasing, rental cars, and car sharing businesses for corporations and individuals. Specialty segment is engaged in domestic and overseas leasing and financing of products such as ships, aircraft, real estate, environment and energy. International segment is engaged in leasing and financing mainly in East Asia and Association of Southeast Asian Nations, North America, and Latin America. The Company is also engaged in non-life insurance agency business and outsourced office work.
TOKYO CENTURY CORPORATION 
