Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Mitsubishi Corp    8058   JP3898400001

News SummaryMost relevantAll newsSector news 

Mitsubishi Corp : Commencement of Leasing Company for Construction Machinery in China

share with twitter share with LinkedIn share with facebook
share via e-mail
12/26/2012 | 03:07am CEST

Mitsubishi Corporation (MC), Mitsubishi Corporation China (CIC) and Mitsubishi UFJ Lease & Finance Company Limited (MUL) are pleased to announce the establishment and commencement of the leasing company, Hongling Financial Leasing Co., Ltd. (Hongling) in Shanghai, China.

Hongling was established in March 2012 by MC and CIC, and with MUL's recent participation in this investment, the shareholders' investment ratio has now become 85% MC, 10% CIC and 5% MUL. The total amount of investments into Hongling is approximately 1.3 billion USD. Hongling will be leasing construction machinery, especially high quality power shovels, manufactured by Hitachi Construction Co., Ltd. (Hitachi Construction).

In China, due to its economic growth, infrastructures such as housing, water and sewerage, dams and agriculture water, are becoming increasingly essential. Accordingly, there is a high demand for construction machinery, especially in the mid-long term. In many cases, the development of these infrastructures is operated by individuals or small companies, who can save on initial costs by leasing the construction machinery.

Under such circumstances, Hongling has set up its Headquarters in Shanghai. Hongling plans to develop its leasing business in China by combining MC's proven track record in selling Hitachi Construction's power shovels, CIC's business know-how in China and MUL's know-how in the leasing business.

Moving forward from its business in Shanghai, Hongling also aims to expand its business towards inland China, where public work will be done.

Having set China as one of its Strategic Regions under Midterm Corporate Strategy 2012, MC is working hard to develop businesses in China that will ultimately grow into pillars for future earnings.

MUL also plans to expand its business base by responding to the various finance needs in China.

Inquiry Recipient Mitsubishi Corporation
Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705
distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on MITSUBISHI CORP
10/24 MITSUBISHI : Motors Malaysia names new CEO
10/24 MITSUBISHI : Japan company to build thermal power plant in Uzbekistan
10/23 MITSUBISHI : to Invest in Irish Energy Trader ElectroRoute
10/22 MITSUBISHI : Restructuring of Automotive Production and Distribution Business in..
10/21 MITSUBISHI CORPORATION : to construct Turakurgan thermal power station
10/21 MITSUBISHI : to give away 30 cars in Dubai, Sharjah
10/21 MITSUBISHI : ASX new 'dynamic shield' i.d.
10/21 Renault-Nissan's Ghosn to head Mitsubishi Motors
10/21 MITSUBISHI : customers at Al Habtoor Motors to win 15 Mirage cars in Dubai & 15 ..
10/20 Nissan rescues Mitsubishi after mileage fixing scandal
More news
Sector news : Industrial Conglomerates
10/24DJSyngenta and ChemChina Miss EU Deadline for Antitrust Remedies
10/21 GENERAL ELECTRIC : GE cuts year revenue target on oil, gas weakness, has third q..
10/21 GE CFO sees alternatives to SLM 3D printing purchase
10/21 GENERAL ELECTRIC : GE's CEO says oil, gas drag to continue, forex headwinds to e..
10/21DJGE Cuts Full-Year Sales Forecast
More sector news : Industrial Conglomerates
News from SeekingAlpha
10/02 EV Company News For The Month Of September 2016
09/16 The World In 2020 And What Companies To Own
08/29 EV Company News For The Month Of August 2016
07/15 WALL STREET BREAKFAST : Markets React To Bastille Day Massacre
07/12 Critical Elements - A Lithium Miner With An Exceptional Buying Opportunity
Financials ( JPY)
Sales 2017 6 953 419 M
EBIT 2017 -
Net income 2017 317 198 M
Debt 2017 4 230 260 M
Yield 2017 2,52%
P/E ratio 2017 11,71
P/E ratio 2018 11,52
EV / Sales 2017 1,16x
EV / Sales 2018 1,11x
Capitalization 3 832 880 M
More Financials
Duration : Period :
Mitsubishi Corp Technical Analysis Chart | 8058 | JP3898400001 | 4-Traders
Full-screen chart
Technical analysis trends MITSUBISHI CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 2 411  JPY
Spread / Average Target 0,01%
Consensus details
EPS Revisions
More Estimates Revisions
Takehiko Kakiuchi President & Representative Director
Ken Kobayashi Chairman
Mitsuyuki Takada Executive Officer & Manager-Operations
Kazuyuki Masu Chief Financial Officer & Representative Director
Ryozo Kato Independent Outside Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
3M CO12.52%102 446
SIEMENS AG18.44%98 479
E I DU PONT DE NEMOURS..4.65%60 940
More Results