In mid-February Hitachi Capital Corp. said that it would purchase Sekisui Lease Co., a wholly owned subsidiary of Sekisui Chemical Co. effective as of 31 March 2002.
Hitachi Capital intends to buy 90…
In mid-February Hitachi Capital Corp. said that it would purchase Sekisui Lease Co., a wholly owned subsidiary of Sekisui Chemical Co. effective as of 31 March 2002. Hitachi Capital intends to buy 90% of Sekisui Leasing“s outstanding shares from Sekisui Chemical for an undisclosed sum. The move will help Hitachi Capital expand its assets by about 2%, while helping Sekisui Chemical reduce its assets. Sekisui Leasing, which is based in Osaka, has 40 employees and is capitalized at JPY 100 million. The company engages in leasing and other lending business, mainly to the Sekisui Chemical group. Operating revenues in the 2000 fiscal year were about JPY 22.3 billion, and operating profit was about JPY 600 million.