Financial Business in Japan
Financial Business in Japan consists of three businesses : ① Guarantees for products financed by financial institutions ② Collections of accounts receivable and ③ Installment credit business.
Since 2008 we have actively been advancing M&A, thereby combining considerable amounts of human resources and expertise. As a result, the scope of our product development and breadth of knowledge about receivables management have expanded, allowing us to answer to a wide variety of financial needs. Currently the main pillars of Financial Business in Japan are Nihon Hoshou, which performs credit guarantees, Partir Servicer, which collects receivables, and J Trust Card, which operates an installment credit business.
As it becomes more difficult to secure a spread due to the continuation of super-low interest rates, consumer loans and condominium loans which had been growing continually have peaked out and the business environment for banking is becoming increasingly worse. Under these circumstances, we plan to expand our guarantee business and diversify services by providing banks with new business opportunities. We are currently expanding the scope of our business through partnerships in which we guarantee yen-denominated loans when customers purchase a property in U.S. states such as Hawaii, Texas, Nevada or California in addition to partnering with real estate companies affiliated with electric railways and with regional banks and executing guarantees for reverse mortgage loans. Going forward, we will continue to diversify our services. As for receivables collection business, we are purchasing receivables from banks and nonbanks which do not have a servicer subsidiary. Through M&A, and by combining considerable amounts of personnel and knowledge, we have become capable of answering to a wide variety of financial needs! Our credit guarantees are not limited to Japan, and the range of our overseas mortgage guarantees which we began in the U.S. is also continually expanding, so be on the lookout for future developments.