Expand our revenue base by focusing on consolidated management

The Company will draw on the resources of the MUFG and JACCS groups to build a diverse revenue base.
At the same time, we aim to convert to a consolidated management model by bolstering the profitability of affiliates.

  • Maximize synergies as a MUFG Group company
  • Reinforce earnings base by innovating existing businesses
  • Diversify the revenue base by creating and developing new businesses and cultivating overseas operations
  • Improve the profitability of affiliates

[ TOPIC ] Helping to enhance lifestyles in the ASEAN region

Three reasons to enter the ASEAN region

Kojun Sato
Directors and Managing Executive Officer
International Business

Economic growth potential

In countries that are part of the Association of Southeast Asian Nations (ASEAN), the numbers of people aged between 15 and 64, the age range at which people are most productive and strive economic growth, will peak in late 2040s. We can thus anticipate stable economic growth in the region over the next 30 years.

Installment credit demand

While the motorcycle industries are large in markets like Vietnam and Indonesia, in ASEAN overall both motorcycle and automobile industries are expanding. The market penetration rates of such white goods as refrigerators, washing machines and air conditioners has been low, but now durable consumer goods demand is spreading among middle-income earners. The GDP per capita of most ASEAN countries is less than one-tenth that of Japan, so motorcycles are still expensive items. Before demand for card spreads, we expect that installment credit market, a highly convenient means of payment, will grow significantly.

Pro-Japanese sentiment

In an opinion poll that the Ministry of Foreign Affairs of Japan conducted in the fiscal 2013, 95% of respondents in the ASEAN region responded favorably to Japanese companies entering their markets. This reflected the efforts of the Japanese government and our predecessors in the area.

Our stance on ASEAN

Contribute to development for people in ASEAN through JACCS products

Markets in ASEAN still face many historical and developmental challenges. These include poverty and inequalities that partly reflect the impacts of civil strife until quite recent times. In cultivating our business in the region, we recognize the importance of understanding the suffering that people have experienced and are not simply looking to become a moneymaking winner. We remain committed to our founding principles of contributing to more affluent lifestyles in striving to provide the top quality systems that we have created over the years to people in the ASEAN region.

Opening ceremony for MMPC Auto Financial Services Corporation in the Philippines on November 18, 2016