(BUSINESS WIRE) -- JA Mitsui Leasing Ltd. (headquarter: Chuo-ku, Tokyo; Keito Shimbu, President and CEO; hereinafter referred to as “JAML”) announces, that through our subsidiary, JA Mitsui Leasing Capital Corporation (headquarter: NY, USA; Kiyoshi Doi, Director, President; hereinafter referred to as “JMCC”), we have acquired 100% interest in Katsumi Global, LLC (headquarter: Michigan, USA; Tim King, CEO; hereinafter referred to as “KG”).
1. Background and Purpose of the Investment
JAML is expanding our business in North America in line with our Mid-term Management Plan, namely “Real Change 2025.” JMCC will leverage KG’s platform, experience with working capital solutions such as supply chain financing, and people in combination with JAML’s financial strength and customer network to expand the services provided to customers in North America.
2. Overview of Katsumi Global, LLC
Company Name
Katsumi Global, LLC
Headquarter
Michigan, USA
Established
July 2020
CEO
Tim King
Business
Provides global working capital strategies and solutions to mid/large corporations.
About JA Mitsui Leasing, Ltd.
JAML is a Japanese leasing company providing leasing and financial solution in Japan and Globally (offices in Asia and North America), with total operating assets over USD 16 billion. The main shareholders are The Norinchukin Bank and Mitsui & Co., Ltd., both A rated by S&P. By combing the features of both parent companies, JAML takes advantage of its multiple channels, leading financial parents and ample client network to provide Asset Finance solutions.
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Contacts
PR & IR Department, Corporate Management Division, JA Mitsui Leasing, Ltd.
Phone： +81-3-6775-3002, E-Mail：JAMLDG1114@jamitsuilease.co.jp
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