Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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
0
Latest news on MITSUBISHI CORP
03/25 MITSUBISHI : Tradewinds Towing repowering two tugs with Mitsubishi
03/24 Eiichi Koito from Mitsubishi Motors is the new President Director for Nissan ..
03/24 MITSUBISHI : Purchase of the procurement of the Unit 1 Floor Standing Air Condit..
03/24 MITSUBISHI : Spare Parts for Mitsubishi
03/23 CORINDUS VASCULAR ROBOTICS : Reports Fourth Quarter and Full Year 2016 Results
03/23 MITSUBISHI : He Wenbo Meets with Matsui Shunichi, the Mitsubishi Executive Direc..
03/23 KODENSHA : Industry leader Mitsubishi Elevator upbeat about Thai market
03/20 26-year-old Slovakian boasts collection of over 3500 ancient mobile phones
03/20 MITSUBISHI : 2017 Mitsubishi Mirage is a good starter car starting at $12,99 95
03/17 MITSUBISHI : Global Tunnel Boring Machine Market- Mitsubishi, NHI, Robbins, SELI..
More news
Sector news : Industrial Conglomerates
03/24 FTSE posts worst weekly performance since January as U.S. healthcare vote loo..
03/24 TOSHIBA : plans Westinghouse Chapter 11 filing, expects $9 billion in charges - ..
03/24DJSMITHS : 1st Half Pretax Profit More Than Doubles
03/24 British engineer Smiths posts higher first-half profit, reaffirms FY outlook
03/24 Politics weigh as Korea's KEPCO eyes the Toshiba nuclear option
More sector news : Industrial Conglomerates
News from SeekingAlpha
03/16 Tesla's Grid-Scale Battery Offering For South Australia Meets Competition, Bu..
02/28 EV Company News For The Month Of February 2017
02/02 YANCOAL AUSTRALIA : $2.45 Billion Acquisition Of Rio Tinto Assets Creates Austra..
02/01 Auto Sales Off To A Decent Start In 2017
02/01 EV Company News For The Month Of January 2017
Advertisement
Financials ( JPY)
Sales 2017 6 828 061 M
EBIT 2017 -
Net income 2017 412 406 M
Debt 2017 4 009 357 M
Yield 2017 2,77%
P/E ratio 2017 9,30
P/E ratio 2018 9,05
EV / Sales 2017 1,16x
EV / Sales 2018 1,08x
Capitalization 3 890 123 M
More Financials
Chart MITSUBISHI CORP
Duration : Period :
Mitsubishi Corp Technical Analysis Chart | 8058 | JP3898400001 | 4-Traders
Full-screen chart
Technical analysis trends MITSUBISHI CORP
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 2 931  JPY
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Takehiko Kakiuchi President & Representative Director
Ken Kobayashi Chairman
Mitsuyuki Takada Executive Officer & Manager-Operations
Kazuyuki Masu Chief Financial Officer & Representative Director
Ryozo Kato Independent Outside Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MITSUBISHI CORP-1.51%34 929
GENERAL ELECTRIC COMPA..-5.95%258 823
3M CO7.25%114 446
SIEMENS AG6.46%114 100
HONEYWELL INTERNATIONA..7.70%94 915
E I DU PONT DE NEMOURS..8.45%68 820
More Results