Mitsubishi UFJ Lease & Finance Co., Ltd. (MUL) and Hitachi Capital Corporation (HC) have merged to form Mitsubishi HC Capital Co., Ltd.

As a result of this merger, Mitsubishi HC Capital will be one of the largest global players in the industry in terms of both its size and business domains, with 10 trillion yen (US$91,380,000,000) of total assets, over 100 billion yen (US$913,800,000) of net profit, and nearly 10,000 employees. Mitsubishi HC Capital will accurately capture the changing needs of its customers and local communities in countries and regions across the world and utilize its expanding scale and built-up capital to develop into a company that can provide solutions to modern social issues.
 
This merger will also allow MUL and HC to:

• complement each other’s business domains,
• strengthen their management bases and
• create new value.

Through this merger, Mitsubishi HC Capital’s operating assets through all its wholly owned subsidiaries in the Americas will grow to approximately $18 billion.

All subsidiaries in the Americas will continue to operate independent of one another as future synergies are reviewed to assess the combined strength of the companies.