News Release
Merger of ORIX Eco Services and Funabashi Eco Services
Apr 01, 2013
TOKYO, Japan - April 1, 2013 - ORIX Eco Services Corporation and Funabashi Eco Services Corporation have announced that they will merge as of today. The merged company will be called ORIX Eco Services Corporation and the president will be Kotaro Maroyama.
ORIX Eco Services was established in 1998 as the ORIX Group's environmental services business division. It provides Regional Recycling Systems for the collection, reuse and recycling of end-of-lease ORIX Group assets, and equipment and facilities no longer needed by companies, as well as other support for proper recycling. Meanwhile, Funabashi Eco Services joined the ORIX Group in 2008, and has been providing industrial waste collection and transportation, and intermediate waste processing services, mainly in Funabashi City, Chiba Prefecture.
The merger announced today is aimed at enhancing services for customers by improving management efficiency and expanding business through the integration of the two companies' business activities.
| Business Activities | Trading of recycled metals and other resources, collection and transportation of industrial waste, intermediate waste processing, recycling and related consulting services |
|---|---|
| Merger Date | April 1, 2013 |
| Representative | Kotaro Maroyama |
| Address | ORIX Shiba 2-chome Building, 2-14-5 Shiba, Minato-ku, Tokyo |
| Capital | 60 million yen |
| URL | http://www.orix.co.jp/eco/ (In Japanese) |
(*) Because of approvals under Japan’s Waste Management and Public Cleansing Law, Funabashi Eco Services will be the surviving company from the merger and will change its name to ORIX Eco Services Corporation on the merger date.
| Company | ORIX Eco Services Corporation | Funabashi Eco Services Corporation |
|---|---|---|
| Business Activities | Waste recycling consultation, environmental management support services |
Industrial waste collection and transportation, intermediate waste processing |
| Established | April 1, 1998 | November 6, 2009 |
| Headquarters | ORIX Shiba 2-chome Building, 2-14-5 Shiba, Minato-ku, Tokyo | 16-1, Nishiura 2-chome, Funabashi-shi, Chiba Prefecture |
| Representative | Yuichi Nishigori | Kotaro Maroyama |
| Capital | 400 million yen | 60 million yen |
| Shareholder | ORIX Corporation (100%) | ORIX Corporation (100%) |
Contact Information
ORIX Corporation, Corporate Planning Department
TEL : +81-3-5419-5042 / Fax : +81-3-5419-5901
URL : http://www.orix.co.jp/grp/en/
About ORIX
ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 28 countries and regions worldwide, ORIX’s activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate, life insurance, banking and loan servicing. For more details, please visit our website at: http://www.orix.co.jp/grp/en/
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These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “4. Risk Factors” of the “Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2011– March 31, 2012.” |
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