Fuyo General Lease

Wiki route

This entry sits under leasing-firms INDEX. Read it against Orix Corp for peer / contrast context and banking index for the broader system / regulatory boundary.

TL;DR

A second-tier general leasing company in the former Fuji Bank lineage (TSE PRIME 8424). A second-tier player following the 3 major leasing firms (orix-corp / Mitsubishi HC Capital / tokyo-century), it carries the financial core function of the Fuyo Group (the former Fuji Bank community: mizuho-fg + Marubeni + Nissan + Canon + Nisshin Flour Milling + Tokio Marine tokio-marine, etc.). Founded in 1969-09-04 (former name: Fuyo Factor). It has a 6 -axis composition of general equipment leasing + real estate + environment / renewable energy + medical / nursing care + aircraft / ships + overseas (centered on Asia). It is in a sibling-cum-competitor relationship with tokyo-century, which, in the same former Fuji Bank lineage, “managed to consolidate ahead into the second tier of the three majors.” ^•

1. 会社概要 / Company overview

Formal name: Fuyo General Lease Co., Ltd. ^• English name: Fuyo General Lease Co., Ltd. ^• Securities code: TSE PRIME 8424 ^• Founded: 1969-09-04 (former name: Fuyo Factor) ^• Headquarters: Chiyoda-ku, Tokyo (Marunouchi area) ^• Business type: General leasing / finance (bank-affiliated) ^•

Business positioning

Major shareholders / capital relationships

The former Fuji Bank lineage Fuyo Group is the core stable shareholder: ^•

Major subsidiaries / affiliates

Fuyo General Lease (8424)
  ├── Fuyo Auto Lease (auto leasing)
  ├── Fuyo General Lease Capital (finance specialist)
  ├── Real-estate-related SPC group
  ├── Environment / renewable-energy project SPCs (mega-solar, wind, etc.)
  ├── Overseas subsidiaries (centered on Asia)
  │     ├── China (Shanghai, Dalian, etc.)
  │     ├── Thailand
  │     ├── Indonesia
  │     └── Vietnam
  └── Medical / nursing-care leasing specialist subsidiary

2. Business segment map

3. 沿革 / History

Intra-Fuyo Group transactions

• mizuho-fg (former Fuji Bank): main transaction bank + deal-referral route
• Marubeni: trading-company deals (aircraft / ships / overseas projects)
• Nissan: cooperation on auto leasing
• Canon, Nisshin Flour Milling, etc.: equipment-leasing base customers
• Tokio Marine tokio-marine: standard partner on the insurance side

Competitive structure

Other competitors:

• orix-corp (three major leasing firms, former Sanwa Bank lineage → independent)
• Mitsubishi HC Capital (three major leasing firms, former Mitsubishi UFJ Lease + Hitachi Capital merger, mufg + Mitsubishi Corporation lineage)
• NEC Capital Solutions / Ricoh Leasing, etc., specialist second-tier firms

5. Regulation / policy

• Supervisor: Financial Services Agency (FSA) / Ministry of Economy, Trade and Industry
• Industry body: Japan Leasing Association (public-interest incorporated association)
• Regulatory framework:
  • Compliance with lease accounting standards (IFRS 16 / J-GAAP revisions)
  • Bank-affiliated subsidiary regulation (scope of bank-subsidiary regulation depending on the relationship with Mizuho FG)
  • Renewable-energy FIT / FIP system (environment segment)
  • Aircraft leasing (tax-lease taxation)
• Recent policy issues:
  • 2024〜 BoJ policy-rate normalization → rising funding costs vs lease-rate spread
  • 2025〜 BS-recognition impact from the IFRS 16 -based change to lease accounting standards
  • Strengthened decarbonization / TCFD disclosure requirements

Related

• mizuho-fg · tokyo-century · orix-corp · mufg · tokio-marine
• Fuyo Group: Marubeni / Nissan / Canon / Nisshin Flour Milling / Tokio Marine

Sources

• Wikipedia: Fuyo General Lease (https://ja.wikipedia.org/wiki/芙蓉総合リース, extracted 2026-05-19)
• Fuyo General Lease official corporate site / securities reports
• TSE PRIME listed-issue 8424 public information

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[!info] Verification status confidence: likely (based on public information 2026-05-19). Quantitative figures (total assets / net income / shareholding ratios) fluctuate significantly over time; the latest values should be referenced against semiannual reports / large-shareholding reports. The history covers only major events extracted from Wikipedia, and the details of subsidiaries / overseas locations should be updated against the latest IR materials.