Overseas Business

Vietnam's motorcycle market is seven to eight times bigger than that of Japan.
Annual demand exceeds 3 million units, fueling a growing need for sales finance services.
In June 2010, we established a wholly owned subsidiary in Ho Chi Minh City that drew on its position as a Japanese-owned company to bolster its member store network, centered on the dealers of Japanese motorcycle makers. That company has broadened its operations to encompass finance for automobiles and appliances, contributing to Vietnam's economic progress.

Indonesia is the world's fourth-largest country. Its population of 270 million is young, with an average age of around 29. There is thus considerable potential for domestic demand expansion and economic growth over the medium and long terms.
In December 2012, JACCS acquired a 40% stake in PT Sasana Artha Finance (SAF), which offers motorcycle sales finance, and began participating in its management. May 2014 saw an agreement to merge SAF with its group company, PT Mitra Pinasthika Mustika Finance, which provides automobile sales finance. The latter company was the surviving entity. We bought shares in that company and continued our managemental participation. In May 2017, with a view to future expansion of operations, JACCS acquired an additional 20% equity stake in MPMF Consequently, JACCS' total stake rose to 60% of MPMF's common stock, and the company became a consolidated subsidiary of JACCS.
With a view to the future expansion of its operations, in May 2017 JACCS acquired an additional 20% equity stake in MPMF, thereby increasing its equity stake in MPMF to 60%, and making the company a consolidated subsidiary of JACCS. In December 2019, MPMF changed its name to PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA (JMFI). The objectives of this name change were to clarity that JMFI is a member of the JACCS Group, enhance the company’s corporate brand value in Indonesia, and pave the way for further business expansion.
As our second entry point into the ASEAN region, we aim to expand our business in Indonesia by providing the sales finance business know-how we have cultivated in Japan.

The Philippines is home to more than 100 million people, and has one of the fastest expanding economies in Southeast Asia. It is on track to maintain its swift growth rates.
The Philippines’ automobile market is forecast to continue expanding, underpinned by strong economic growth and expansion of consumer markets. In light of these factors, in February 2016 JACCS established joint venture MMPC Auto Financial Services Corporation (MAFS) in the Philippines as a captive finance company specializing in sales of Mitsubishi Motors vehicles. MAFS commenced operations in September 2016.
In July 2019, with a view to expanding JACCS’ business in the Philippines, JACCS acquired an additional 45% of MAFS’ stock, bolstering the Company’s equity holding to 65% and converting MAFS to a consolidated subsidiary. Accompanying this change in status, MAFS’ name was changed to JACCS FINANCE PHILIPPINES CORPORATION (JFP). By leveraging the strengths it has cultivated in Japan and overseas, the JACCS Group is pursuing further growth in the Philippines as a diversified finance company.

Cambodia has maintained a high real GDP growth rate of over 5%, and rising income levels among the middle class have led to an expansion in personal consumption.
In particular, demand for durable consumer goods such as motorcycles is predicted to continue to grow, and stable market expansion is anticipated. In August 2017, we established a wholly owned local subsidiary, JACCS FINANCE (CAMBODIA) PLC., which began operations.
In June 2022, the company obtained a microfinance license and changed its name to JACCS MICROFINANCE (CAMBODIA) ("JMC").
By providing sales finance services centering on motorcycles and household electrical appliances, JACCS aims to contribute to Cambodia’s economic development as well as improved living standards among the people of Cambodia.

Malaysia, experiencing significant economic growth among ASEAN nations, presents promising market expansion opportunities. Carsome, Carsome Capital's parent company and Malaysia's first unicorn, holds a substantial share of the nation's used car market.
In 2025, JACCS acquired 49% shares in Carsome Capital and joined its management team. Leveraging JACCS's extensive expertise in sales finance, the two companies are working in partnership to expand the business.

In expanding abroad, JACCS aims to make overseas business a fourth key earnings driver after the credit, payment, and financing businesses. We aim to generate stable earnings and build solid presences in each country while seeking opportunities to expand into other markets around Southeast Asia.

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