News Releases
Final Agreement concerning Strategic Joint ブックメーカー 賭け 方 in Leasing and Auto Leasing Businesses and Merger Agreement of the Two Businesses(1/1)
July 30, 2007
To whom it may concern:
Sumitomo Corporation
(Code No. 8053; Tokyo
Stock Exchange, Osaka Securities Exchange, Nagoya Stock Exchange, 1st section,
and Fukuoka Stock Exchange)
Sumisho Lease ブックメーカー 賭け 方., Ltd.
Sumisho Auto Leasing
Corporation
Sumitomo Mitsui Financial
Group, Inc.
(Code No. 8316; Tokyo
Stock Exchange, Osaka Securities Exchange and Nagoya Stock Exchange, 1st section)
SMBC Leasing Company,
Limited
SMBC Auto Leasing
Company, Limited
Final Agreement concerning Strategic
Joint ブックメーカー 賭け 方 in Leasing and Auto Leasing Businesses and Merger Agreement of
the Two Businesses
● Sumitomo Corporation (hereinafter referred to as “SC”; Mr. Susumu Kato, President and
CEO);
● Sumisho ブックメーカー 賭け 方
● Sumisho Auto Leasing Corporation (hereinafter referred to as “Sumisho Auto ブックメーカー 賭け 方”; Mr. Hironori Kato,
President);
● Sumitomo Mitsui Financial Group, Inc. (hereinafter referred to as “SMFG”; Mr. Teisuke Kitayama, President);
● SMBC Leasing Company, Limited (hereinafter referred to as “SMBC Leasing”; Mr. Koji Ishida,
President); and
● SMBC Auto Leasing Company, Limited (hereinafter referred to as “SMBC Auto Leasing”; Mr. Sumio Saito,
President),
announced that they have reached a final
agreement today concerning strategic joint ブックメーカー 賭け 方 in leasing and auto leasing
businesses, the merger of SMBC Leasing and Sumisho Lease, and the merger of
Sumisho Auto Lease and SMBC Auto Leasing, as follows:
1. Strategic Joint ブックメーカー 賭け 方 in Leasing and
Auto Leasing Businesses
As set forth in the “Strategic Joint
ブックメーカー 賭け 方 in Leasing and Auto Leasing Businesses between Sumitomo Corporation
Group and Sumitomo Mitsui Financial Group” dated October 13, 2006, the Sumitomo
Corporation Group and the Sumitomo Mitsui Financial Group reached a basic
agreement to position their leasing and auto leasing businesses as strategic
joint ブックメーカー 賭け 方 and to jointly aim to establish the best leasing and auto
leasing businesses in Japan through the merger of SMBC Leasing and Sumisho
Lease, and the merger of Sumisho Auto Lease and SMBC Auto Leasing. Based on the
basic agreement, both groups established the “Merger Preparatory Committee” for
the leasing and auto leasing businesses respectively, and have discussed both
the process towards the merger and the framework of the strategic joint
ブックメーカー 賭け 方. Today, both groups concluded the “Basic Agreement Concerning the
Joint ブックメーカー 賭け 方” and the “Merger Agreement” with respect to the two businesses.
The new merged companies will make it a basic
policy to provide their customers with value-added products and services by
pursuing best practices (such as thorough fairness, transparency, and a merit
system), and aim for the early realization thereof. In addition, SC and SMFG
will fully cooperate as parent companies, and will render assistance to the
fullest extent for the development of both businesses.
2. Summary of the ブックメーカー 賭け 方
(1) Merger
of the Leasing Companies (Merger of SMBC Leasing and Sumisho ブックメーカー 賭け 方)
(i) Objectives
of the ブックメーカー 賭け 方
・ To
achieve the highest volume of leases being handled in Japan through
diversification of the types of leases being handled, etc., based on the
high-quality customer bases of both the Sumitomo Mitsui Financial Group and the
Sumitomo Corporation Group.
・ To
create a high quality leasing company that can respond appropriately to market
needs which are becoming increasingly sophisticated, by combining and blending
the know-how related to finance of SMBC Leasing as a subsidiary of a bank and the
know-how related to products and ブックメーカー 賭け 方 distribution of Sumisho Lease as a
trading firm’s subsidiary, thereby promoting diversification and
differentiation of products and providing more value-added products going
beyond traditional approaches.
(ii) Outline
of the ブックメーカー 賭け 方
a. ブックメーカー 賭け 方 Schedule
|
Signing of the ブックメーカー 賭け 方
Agreement: |
July 30, 2007 (today) |
|
General shareholders meetings to
approve the ブックメーカー 賭け 方 Agreement: |
August 13, 2007
(written resolution) |
|
Expected date of the ブックメーカー 賭け 方
(effective date): |
October 1, 2007 |
The schedule above
may be changed upon discussion among the parties if there are unavoidable circumstances
with respect to procedural matters.
b. ブックメーカー 賭け 方 Structure
The
merger procedure will be a merger by absorption in which Sumisho ブックメーカー 賭け 方 will be
a surviving company, and SMBC Leasing will be dissolved.
c. ブックメーカー 賭け 方 Ratio
|
Company Name |
Sumisho ブックメーカー 賭け 方 |
SMBC Leasing |
|
ブックメーカー 賭け 方 Ratio (common
stock) |
1 |
1.4859(*) |
|
ブックメーカー 賭け 方 Ratio
(classified stock) |
1 |
5.7050(*) |
|
(*) Rounded down to the nearest ten-thousandth. |
|
|
(a) Allotment Ratio of Stocks
52,422,762 shares of common
stock of Sumisho ブックメーカー 賭け 方 will be issued and allocated to SMFG for 31,375,000
shares (30,000,000 shares of common stock and 1,375,000 shares of classified
stock) of SMBC Leasing (44,578,289 shares of Sumisho ブックメーカー 賭け 方’s common stock for
SMBC Leasing’s common stock and 7,844,473 shares of Sumisho ブックメーカー 賭け 方’s common
stock for SMBC Leasing’s classified stock).
(b) Basis for Calculation of the ブックメーカー 賭け 方
Ratio
In order to ensure the fairness
and reasonableness of the merger ratio (hereinafter referred to as the “Merger
Ratio”), SMBC Leasing and Sumisho Lease conducted negotiation and discussion
based on the analysis of the Merger Ratio provided by each financial advisor,
Daiwa Securities SMBC ブックメーカー 賭け 方. Ltd., appointed by SMBC Leasing, and Nomura Securities
ブックメーカー 賭け 方., Ltd., appointed by Sumisho Lease, respectively.
Provided, however, that in cases
where any material changes occur to the terms and conditions on the calculation
of the Merger Ratio, the Merger Ratio may be changed after discussion between
SMBC Leasing and Sumisho ブックメーカー 賭け 方.
(c) Results, Method and Basis of
Calculation by Third Party Institutions
Daiwa Securities SMBC ブックメーカー 賭け 方. Ltd.
evaluated the stock value of SMBC Leasing and Sumisho Lease and calculated the
Merger Ratio following a comprehensive consideration of the results.
Nomura Securities ブックメーカー 賭け 方., Ltd.
evaluated the stock value of SMBC Leasing and Sumisho Lease and calculated the
Merger Ratio following a comprehensive consideration of the results.
(d) Number of New Shares, Etc. to be
Issued as a Result of the ブックメーカー 賭け 方
Sumisho ブックメーカー 賭け 方 will issue
52,422,762 shares of its common stock exclusive of treasury stock held
immediately preceding the effective date of this merger.
d. Summary of Accounting Treatment
Since the merger of
the leasing ブックメーカー 賭け 方 companies falls under the category of an acquisition
(reverse acquisition) under “Accounting Standard for ブックメーカー 賭け 方 Combinations”
(“Opinion Concerning Establishment of Accounting Standard for ブックメーカー 賭け 方
Combinations” (ブックメーカー 賭け 方 Accounting Council; October 31, 2003) and the “Guidance
on Accounting Standard for ブックメーカー 賭け 方 Combinations and Accounting Standard for
ブックメーカー 賭け 方 Divestitures” (Accounting Standards Board of Japan Guidance No. 10, as
finally amended on December 22, 2006), SMFG will proceed with this merger by applying
the purchase method. The amount and the amortization period, etc. of the
goodwill in the consolidated financial statements of SMFG accompanying this
merger have not been determined at present.
The merged leasing
company is expected to become a consolidated subsidiary of SMFG and an
equity-method affiliate company of SC. (Currently, SMBC Leasing is a
consolidated subsidiary of SMFG and Sumisho ブックメーカー 賭け 方 is a consolidated subsidiary
of SC.)
e. Shareholder Composition of the Merged
Company
SMFG: 55% (a consolidated subsidiary of
SMFG)
SC: 45%
(an equity-method affiliate company of SC)
f. Trade Name of the Merged Company
Sumitomo Mitsui
Finance and Leasing Company, Limited
g.
Directors of the Merged Company
|
·
Representative Directors |
|
|
Chairman of the Board
(ブックメーカー 賭け 方-CEO): |
Mr. Tadahiko Mizukami (current Representative Director
and Executive Vice President of Sumisho ブックメーカー 賭け 方) |
|
President (ブックメーカー 賭け 方-CEO): |
Mr. Koji Ishida
(current Representative Director and President of SMBC Leasing) |
|
Deputy President: |
Mr. Taizo Ohi (current
Representative Director and Deputy President of SMBC Leasing) |
|
Senior Managing
Director: |
Mr. Minoru Tanaka
(current Representative Director and Senior Managing Executive Officer of
Sumisho ブックメーカー 賭け 方) |
|
·
Directors |
|
|
Senior Managing
Director: |
Mr. Norihisa Kodera
(current Representative Director and Senior Managing Executive Officer of
Sumisho ブックメーカー 賭け 方) |
|
Senior Managing
Director: |
Mr. Yasufumi Kitamoto
(current Representative Director and Senior Managing Director of SMBC
Leasing) |
|
Senior Managing
Director: |
Mr. Hiromichi Miyauchi
(current Representative Director and Senior Managing Director of SMBC
Leasing) |
|
Senior Managing
Director: |
Mr. Takaaki Okamoto
(current Representative Director and Senior Managing Director of SMBC
Leasing) |
|
Senior Managing
Director: |
Mr. Takashi Okamoto
(current Director and Managing Executive Officer of Sumisho ブックメーカー 賭け 方) |
|
Outside Director: |
Mr. Takeshi Kunibe
(current Director of SMFG and Managing Director of Sumitomo Mitsui Banking
Corporation) |
|
Outside Director: |
Mr. Noriaki Shimazaki
(current Representative Director and Executive Vice President of SC) |
Mr. Hideki Yamane, current
Representative Director and President of Sumisho ブックメーカー 賭け 方, will resign the
position on September 30, 2007 and will be designated as Special Advisor of the
merged company on October 1, 2007.
h. Corporate Auditors of the Merged
Company
|
Standing Outside Corporate Auditor: |
Mr. Toyosaburou Hirano
(current Standing Corporate Auditor of SMBC Leasing) |
|
Standing Corporate Auditor: |
Mr. Heihachi Ogawa
(current Standing Corporate Auditor of SMBC Leasing) |
|
Standing Corporate Auditor: |
Mr. Yasuo Nushihara
(current Standing Corporate
Auditor of Sumisho ブックメーカー 賭け 方) |
|
Corporate Auditor: |
Mr. Shinichi Hori
(current Corporate Auditor of Sumisho ブックメーカー 賭け 方) |
|
Outside Corporate Auditor: |
Mr. Yukihiko Onishi
(current General Manager of Subsidiaries & Affiliates Dept. of SMFG) |
|
Outside Corporate Auditor: |
Mr. Masahiro Ishikawa
(former Advisor/Corporate Auditor of SC) |
(2) Merger
of the Auto Leasing Companies (Merger of Sumisho Auto ブックメーカー 賭け 方 and SMBC Auto
Leasing)
(i) Objectives
of the ブックメーカー 賭け 方
・ To
win a place in the auto leasing industry that is becoming increasingly
competitive and to establish a structure aiming to be ranked number one with
respect to the market share based upon the high-quality customer bases of both
the Sumitomo Corporation Group and the Sumitomo Mitsui Financial Group, by
combining high-value-added services based on Sumisho Auto Lease’s value chain
and ブックメーカー 賭け 方 network of SMBC Auto Leasing.
・ To
aim to achieve better customer satisfaction by combining and blending the
know-how related to products and ブックメーカー 賭け 方 distribution of Sumisho Auto Lease as
a trading firm’s subsidiary and the know-how related to finance of SMBC Auto
Leasing as a subsidiary of a bank, thereby pursuing various services.
(ii) Outline
of the ブックメーカー 賭け 方
a. ブックメーカー 賭け 方 Schedule
|
Signing of the ブックメーカー 賭け 方
Agreement: |
July 30, 2007 (today) |
|
General shareholders
meetings to approve the ブックメーカー 賭け 方 Agreement: Sumisho Auto ブックメーカー 賭け 方 SMBC Auto Leasing |
August 15, 2007 August 15, 2007
(written resolution) |
|
Expected date of the
ブックメーカー 賭け 方 (effective date): |
October 1, 2007 |
SMFG plans to make
SMBC Auto Leasing its wholly-owned subsidiary by acquiring all the shares of
SMBC Auto Leasing from SMBC Leasing, prior to the ブックメーカー 賭け 方 on October 1, 2007.
The schedule above
may be changed upon discussion among the parties if there are unavoidable circumstances
with respect to procedural matters.
b. ブックメーカー 賭け 方 Structure
The
merger procedure will be a merger by absorption in which Sumisho Auto ブックメーカー 賭け 方
will be a surviving company, and SMBC Auto Leasing will be dissolved.
c. ブックメーカー 賭け 方 Ratio
|
Company Name |
Sumisho Auto ブックメーカー 賭け 方 |
SMBC Auto Leasing |
|
ブックメーカー 賭け 方 Ratio |
1 |
717.8632 |
(a) Allotment Ratio of Stocks
10,767,948 shares of common
stock of Sumisho Auto ブックメーカー 賭け 方 will be issued and allocated to SMFG for 15,000
shares of common stock of SMBC Auto Leasing.
(b) Basis for Calculation of the ブックメーカー 賭け 方
Ratio
In order to ensure the fairness
and reasonableness of the merger ratio (hereinafter referred to as the “Merger
Ratio”), Sumisho Auto Lease and SMBC Auto Leasing conducted negotiation and
discussion based on the analysis of the Merger Ratio provided by each financial
advisor, Nomura Securities ブックメーカー 賭け 方., Ltd., appointed by Sumisho Auto Lease, and
Daiwa Securities SMBC ブックメーカー 賭け 方. Ltd., appointed by SMBC Auto Leasing, respectively.
Provided, however, that in cases
where any material changes occur to the terms and conditions on the calculation
of the Merger Ratio, the Merger Ratio may be changed after discussion between
Sumisho Auto ブックメーカー 賭け 方 and SMBC Auto Leasing.
(c) Results, Method and Basis of
Calculation by Third Party Institutions
Nomura Securities ブックメーカー 賭け 方., Ltd.
evaluated the stock value of Sumisho Auto Lease and SMBC Auto Leasing, and
calculated the Merger Ratio following a comprehensive consideration of the
results.
Daiwa Securities SMBC ブックメーカー 賭け 方. Ltd.
evaluated the stock value of SMBC Auto Leasing and Sumisho Auto Lease, and
calculated the Merger Ratio following a comprehensive consideration of the
results.
(d) Number of New Shares, Etc. to be
Issued as a Result of the ブックメーカー 賭け 方
Sumisho Auto ブックメーカー 賭け 方 will issue
10,767,948 shares of its common stock exclusive of its treasury stock held
immediately preceding the effective date of this merger.
d. Summary of Accounting Treatment
SC are preparing its
consolidated financial statements on the basis of U.S. GAAP and applying SFAS
No. 141, “ブックメーカー 賭け 方 Combinations” and SFAS No. 142, “Goodwill and Other
Intangible Assets” in businesses combinations. SFAS No. 141 requires that all
ブックメーカー 賭け 方 combinations are accounted for by the purchase method. Under SFAS No.
142, goodwill is not amortized and instead requires annual impairment testing
thereof at least annually. Intangible assets with a definite useful life are
amortized over their respective estimated useful lives and reviewed for impairment
in accordance with SFAS No. 144. Intangible assets determined to have an
indefinite useful life are not amortized, but instead are tested for impairment
based on fair value at least annually until the remaining life would be
determined to no longer be indefinite. The amount of the goodwill, etc. in the
consolidated financial statements of SC accompanying this merger has not been
determined at present.
The merged auto
leasing company is expected to become a consolidated subsidiary of SC and an
equity-method affiliate company of SMFG. (Currently, Sumisho Auto ブックメーカー 賭け 方 is a
consolidated subsidiary of SC and SMBC Auto Leasing is a consolidated
subsidiary of SMFG.)
e. Shareholder Composition of the Merged
Company
SC: 60%
(a consolidated subsidiary of SC)
SMFG: 40% (an equity-method affiliate
company of SMFG)
f. Trade Name
of the Merged Company
Sumitomo Mitsui Auto
Service Company, Limited
g.
Directors of the Merged Company
|
·
Representative Directors |
|
|
Chairman of the Board (ブックメーカー 賭け 方-CEO): |
Mr. Katsuyuki Shibabuki
(current Representative Director and Chairman of the Board of SMBC Auto
Leasing) |
|
President (ブックメーカー 賭け 方-CEO): |
Mr. Hironori Kato (current Representative Director
and President & CEO of Sumisho Auto ブックメーカー 賭け 方) |
|
Executive Vice President: |
Mr. Katsuichi Kobayashi (current Representative
Director and Executive Vice President of Sumisho Auto ブックメーカー 賭け 方) |
|
Executive Vice President: |
Mr. Sumio Saito (current Representative Director
and President of SMBC Auto Leasing) |
|
·
Directors |
|
|
Senior Managing Executive Officer: |
Mr. Kimio Amemiya (current Representative Director
and Senior Managing Director of SMBC Auto Leasing) |
|
Senior Managing Executive Officer: |
Mr. Fumiaki Iwase (current Representative Director
and Senior Managing Executive Officer of Sumisho Auto ブックメーカー 賭け 方) |
|
Senior Managing Executive Officer: |
Mr. Hajime Amaki (current Representative Director
and Senior Managing Director of SMBC Auto Leasing) |
|
Senior Managing Executive Officer: |
Mr. ShiroYamamoto (current Director and Senior
Managing Executive Officer of Sumisho Auto Leasing) |
|
Senior Managing Executive Officer: |
Mr. Akira Tanabe (current Director and Senior
Managing Executive Officer of Sumisho Auto Leasing) |
|
Outside Director: |
Mr. Makoto Sato (current Managing Executive Officer
of SC) |
|
Outside Director: |
Mr. Takeshi Kunibe (current Director of SMFG and
Managing Director of Sumitomo Mitsui Banking Corporation) |
h. Corporate
Auditors of the Merged Company
|
Standing Corporate Auditor: |
Mr. Toru Ozaki (current Corporate Auditor of
Sumisho Auto ブックメーカー 賭け 方) |
|
Standing Corporate Auditor: |
Mr. Toshiyuki Ishida (current Managing Director of
SMBC Auto Leasing) |
|
Outside Corporate Auditor: |
Mr. Masahiro Ishikawa (former Advisor/Corporate
Auditor of SC) |
|
Outside Corporate Auditor: |
Mr. Seiji Ogawa (current General Manager of
Strategy Planning & Domestic Market Department of SC) |
|
Outside Corporate Auditor: |
Mr. Yukihiko Onishi (current General Manager of
Subsidiaries & Affiliates Dept. of SMFG) |
The procedures described above will be conducted
subject to the approvals of the relevant authorities, etc. under applicable
laws and regulations.
3. ブックメーカー 賭け 方 Forecast
(1) SC:
The
ブックメーカー 賭け 方 forecast for the fiscal year ended March 2008 is not revised as a
result of this transaction.
(2) SMFG:
The
ブックメーカー 賭け 方 forecast for the fiscal year ended March 2008 is not revised as a
result of this transaction.
4. Corporate
Profile of the Four Companies Relating to the ブックメーカー 賭け 方 (Fiscal Year Ended March
2007)
(1) Leasing
ブックメーカー 賭け 方
|
(i)Company
Name |
SMBC Leasing Company,
Limited |
Sumisho Lease ブックメーカー 賭け 方.,
Ltd. |
|
|
(ii)
Description of ブックメーカー 賭け 方 |
General leasing
ブックメーカー 賭け 方 |
General leasing
ブックメーカー 賭け 方 |
|
|
(iii)
Date of Incorporation |
September 2, 1968 |
January 12, 1948 |
|
|
(ブックメーカー 賭け 方)
Location of Head Office |
9-4, Nishi-Shinbashi
3-chome, Minato-ku, |
5-33, Kitahama
4-chome, Chuo-ku, |
|
|
(v)
Representative |
Koji Ishida, President |
Hideki Yamane, President |
|
|
(vi)
Capital |
82,600 million Yen
(Non-consolidated) |
14,760 million Yen
(Consolidated) |
|
|
(vii)
Total Number of Issued Shares |
Common Stock 30,000 thousand shares
Preferred Stock 1,375 thousand shares |
Common Stock 43,396 thousand shares |
|
|
(viii)
Net Assets |
195,048
million Yen (Non-consolidated) |
144,903
million Yen (Consolidated) |
|
|
(ix)
Total Assets |
1,817,510 million Yen (Non-consolidated) |
1,492,420 million Yen (Consolidated) |
|
|
(x)
Fiscal Year End |
March 31 |
March 31 |
|
|
(xi)
Number of Employees |
916
(Non-consolidated) |
937
(Consolidated) |
|
|
(xii)
Main Customer |
Foreign and domestic
private companies, etc. |
Foreign and domestic
private companies, etc. |
|
|
(xiii)
Principal Shareholders and Voting Right Ratio
(As of July 30, 2007) |
SMFG 100% |
SC 100% |
|
|
(xiv)
Main Bank |
Sumitomo Mitsui
Banking Corporation |
The Sumitomo Trust and
Banking ブックメーカー 賭け 方., Ltd. Sumitomo Mitsui
Banking Corporation The Bank of
Tokyo-Mitsubishi UFJ, Ltd. |
|
|
(xv)
Relationship between the Parties of the ブックメーカー 賭け 方 |
Capital
Ties |
There are
no capital ties between the parties of the ブックメーカー 賭け 方. |
|
|
Personnel
Relationships |
There are
no personnel relationships between the parties of the ブックメーカー 賭け 方. |
||
|
ブックメーカー 賭け 方
Relationships |
There are
no ブックメーカー 賭け 方 relationships in particular between the parties of the merger. |
||
|
|
|
|
|
(2) Auto Leasing ブックメーカー 賭け 方
|
(i)
Company Name |
Sumisho Auto Leasing
Corporation |
SMBC Auto Leasing
Company, Limited |
|
|
(ii)
Description of ブックメーカー 賭け 方 |
Leasing
ブックメーカー 賭け 方 of various vehicles |
Leasing
ブックメーカー 賭け 方 of various vehicles |
|
|
(iii)
Date of Incorporation |
February
21, 1981 |
January 6,
1995 |
|
|
(ブックメーカー 賭け 方)
Location of Head Office |
20-2,
Nishi-Shinjuku 3-chome, Shinjuku-ku, |
13-12,
Nihonbashi Kayaba-cho 1-chome, Chuo-ku, |
|
|
(v)
Representative |
Hironori Kato,
President |
Sumio Saito, President |
|
|
(vi)
Capital |
2,750 million Yen (Consolidated) |
4,200 million Yen (Non-consolidated) |
|
|
(vii)
Total Number of Issued Shares |
Common Stock 19,415 thousand shares |
Common Stock 15 thousand shares |
|
|
(viii)
Net Assets |
40,097
million Yen (Consolidated) |
17,069
million Yen (Non-consolidated) |
|
|
(ix)
Total Assets |
184,728 million Yen (Consolidated) |
276,812 million Yen (Non-consolidated) |
|
|
(x)
Fiscal Year End |
March 31 |
March 31 |
|
|
(xi)
Number of Employees |
664
(Consolidated) |
553
(Non-consolidated) |
|
|
(xii)
Main Customer |
Foreign and domestic
private companies, etc. |
Foreign and domestic
private companies, etc. |
|
|
(xiii)
Principal Shareholders and Voting Right Ratio
(As of July 30, 2007) |
SC 100% |
SMBC
Leasing 100% |
|
|
(xiv)
Main Bank |
The Sumitomo Trust and
Banking ブックメーカー 賭け 方., Ltd. |
Sumitomo Mitsui
Banking Corporation |
|
|
(xv)
Relationship between the Parties of the ブックメーカー 賭け 方 |
Capital
Ties |
There are
no capital ties between the parties of the ブックメーカー 賭け 方. |
|
|
Personnel
Relationships |
There are
no personnel relationships between the parties of the ブックメーカー 賭け 方. |
||
|
ブックメーカー 賭け 方
Relationship |
There are
no ブックメーカー 賭け 方 relationships in particular between the parties of the merger. |
||
(xvi) ブックメーカー 賭け 方
Results for the Latest Three Fiscal Years (Unit: Millions of Yen, except for
per share data)
|
|
Sumisho ブックメーカー 賭け 方 (Consolidated) |
||
|
Fiscal
Year Ended |
March 2005 |
March 2006 |
March 2007 |
|
Net
Sales |
430,872 |
450,482 |
461,313 |
|
Operating
Income |
21,861 |
25,731 |
29,080 |
|
Ordinary
Income |
24,714 |
28,363 |
31,126 |
|
Net
Income |
15,158 |
17,080 |
20,017 |
|
Net
Income per Share |
349.03 Yen |
393.35 Yen |
462.63 Yen |
|
Annual
Cash Dividends
per Share |
30.00 Yen |
40.00 Yen |
25.00 Yen |
|
Net
Assets per Share |
2,072.10 Yen |
2,727.32 Yen |
3,187.04 Yen |
|
|
SMBC Leasing
(Non-Consolidated) |
||
|
Fiscal
Year Ended |
March 2005 |
March 2006 |
March 2007 |
|
Net
Sales |
589,179 |
619,749 |
630,072 |
|
Operating
Income |
28,028 |
32,240 |
31,517 |
|
Ordinary
Income |
20,177 |
26,729 |
29,627 |
|
Net
Income |
12,476 |
17,560 |
17,952 |
|
Net
Income per Share |
527.73 Yen |
546.84 Yen |
559.92 Yen |
|
Annual
Cash Dividends
per Share |
45.00 Yen |
78.00 Yen |
81.00 Yen |
|
Net
Assets per Share |
3,475.82 Yen |
4,157.31 Yen |
4,668.29 Yen |
|
|
Sumisho Auto ブックメーカー 賭け 方 (Consolidated) |
||
|
Fiscal
Year Ended |
March 2005 |
March 2006 |
March 2007 |
|
Net
Sales |
97,010 |
99,238 |
102,035 |
|
Operating
Income |
10,025 |
8,244 |
9,012 |
|
Ordinary
Income |
10,039 |
8,341 |
9,044 |
|
Net
Income |
5,696 |
5,021 |
5,141 |
|
Net
Income per Share |
291.56 Yen |
257.15 Yen |
264.82 Yen |
|
Annual
Cash Dividends
per Share |
26.00 Yen |
26.00 Yen |
76.00 Yen |
|
Net
Assets per Share |
1,582.99 Yen |
1,819.18 Yen |
2,041.73 Yen |
|
|
SMBC Auto Leasing
(Non-Consolidated) |
||
|
Fiscal
Year Ended |
March 2005 |
March 2006 |
March 2007 |
|
Net
Sales |
105,558 |
116,771 |
131,110 |
|
Operating
Income |
3,486 |
3,656 |
4,635 |
|
Ordinary
Income |
3,463 |
3,642 |
4,716 |
|
Net
Income |
1,539 |
1,795 |
3,391 |
|
Net
Income per Share |
131,943.66 Yen |
119,682.13 Yen |
226,111.18 Yen |
|
Annual
Cash Dividends
per Share: Common Stock |
33,334.00 Yen |
33,334.00 Yen |
67,800.00 Yen |
|
Net
Assets per Share |
853,790.53 Yen |
943,114.03 Yen |
1,137,933.74 Yen |
5. Corporate Profile After the ブックメーカー 賭け 方
(1) Leasing
ブックメーカー 賭け 方
|
(i) |
Company Name |
Sumitomo Mitsui Finance and Leasing Company, Limited |
|
(ii) |
Description of ブックメーカー 賭け 方 |
General leasing ブックメーカー 賭け 方, Loanブックメーカー 賭け 方 |
|
(iii) |
Location of Head Office |
9-4, Nishi-Shinbashi 3-chome, Minato-ku, |
|
(ブックメーカー 賭け 方) |
Representative |
Koji Ishida, Representative
Director and President |
|
(v) |
Capital |
15,000 million Yen
(Amount of capital increased due to the ブックメーカー 賭け 方:
239 million Yen) |
|
(vi) |
Total Assets |
3,309,930 million Yen
(Total amount of total assets of SMBC Leasing (non-consolidated) and Sumisho
ブックメーカー 賭け 方 (consolidated) as of March 31, 2007) |
|
(vii) |
Fiscal Year End |
March 31 |
(2) Auto
Leasing ブックメーカー 賭け 方
|
(i) |
Company Name |
Sumitomo Mitsui Auto Service Company, Limited |
|
(ii) |
Description of ブックメーカー 賭け 方 |
Leasing ブックメーカー 賭け 方 of various vehicles |
|
(iii) |
Location of Head Office |
20-2, Nishi-Shinjuku 3-chome, Shinjuku-ku, |
|
(ブックメーカー 賭け 方) |
Representative |
Hironori Kato, Representative
Director and President |
|
(v) |
Capital |
6,950 million Yen
(Amount of capital increased due to the ブックメーカー 賭け 方:
4,200 million Yen) |
|
(vi) |
Total Assets |
461,540 million Yen
(Total amount of total assets of Sumisho Auto ブックメーカー 賭け 方 (consolidated) and SMBC
Auto Leasing (non-consolidated) as of March 31, 2007) |
|
(vii) |
Fiscal Year End |
March 31 |
(Contacts
for inquiries about this matter)
Sumitomo Corporation
Public
Relations Department Mr.
Iba TEL:
03-5166-3089
Sumisho
Lease ブックメーカー 賭け 方., Ltd.
ブックメーカー 賭け 方
Planning Department Mr.
Matsubayashi TEL:
03-3515-1906
Sumisho
Auto Leasing Corporation
Operation
Department Mr.
Iwasaki TEL:
03-5358-6295
Sumitomo
Mitsui Financial Group, Inc.
Public
Relations Department Mr.
Naito TEL:
03-5512-2672
SMBC
Leasing Company, Limited
Planning
Department Mr.
Hiratoko TEL:
03-5404-2301
SMBC Auto Leasing
Company, Limited
Management
Planning Department Mr.
Hayashi TEL:
03-3660-8200
End
of Document
|
This press
release contains information about future ブックメーカー 賭け 方 prospects, etc. Please
note that the information provided in this press release is based on the predictions
of the management of the parties at the time of this press release and
involves risks and uncertainties. The actual results may differ from what is disclosed
here, subject to changes in ブックメーカー 賭け 方 environment, etc. Furthermore, this
press release is not made for the purpose of solicitation of any kind, domestic
or foreign. |
|
|
