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 newsTweets

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
05:51p MITSUBISHI : Confident approach Mitsubishi’s new Eclipse Cross is aimed at..
05:51p MITSUBISHI : Stage is set for three-way fight
03:40a MITSUBISHI : Police ID man fatally shot Sunday night in Tioga
10/16 KEEPING PREPARED : Port, county practice airport disaster response
10/14 POD RODS : A new Aston; some wild Yamahas; a retro Mitsubishi; and a hint of a M..
10/13 MITSUBISHI : Toyota, Mitsubishi target 50% local content for Vios, Mirage
10/13 MITSUBISHI : Procuement of Vehicle Parts and Accessories (5 pcs. Tire) for use i..
10/12 ENGIE Group - Gas4Sea selected by Statoil for LNG bunkering in Rotterdam
10/11 Gas4Sea selected by Statoil for LNG bunkering in Rotterdam
10/10 HYUNDAI HCN : Nz rally championship
More news
News from SeekingAlpha
10/10 WALL STREET BREAKFAST : European Stocks Sluggish Amid Spanish Separatist Uncerta..
10/10 Steel falsification scandal spreading through Japanese industry
10/02 EV Company News For The Month Of September 2017
09/27 TOP GOLD STOCKS TO BUY AND FORGET AB : Northern Dynasty Minerals
09/01 EV Company News For The Month Of August 2017
Financials ( JPY)
Sales 2018 6 812 B
EBIT 2018 -
Net income 2018 489 B
Debt 2018 3 807 B
Yield 2018 3,35%
P/E ratio 2018 8,43
P/E ratio 2019 8,73
EV / Sales 2018 1,16x
EV / Sales 2019 1,11x
Capitalization 4 125 B
Duration : Period :
Mitsubishi Corp Technical Analysis Chart | 8058 | JP3898400001 | 4-Traders
Technical analysis trends MITSUBISHI CORP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 2 933  JPY
Spread / Average Target 13%
EPS Revisions
Takehiko Kakiuchi President & Representative Director
Ken Kobayashi Chairman
Mitsuyuki Takada Operations Manager & Executive Officer
Kazuyuki Masu Chief Financial Officer & Representative Director
Hidehiro Konno Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
ITOCHU CORP20.59%27 728
MITSUI & CO LTD2.90%26 457
SAMSUNG C&T CORP--.--%25 026
SUMITOMO CORP16.90%17 922