ORIX Auto to Begin Providing Rental “Mobile Office Vehicles” to Corporate Users in Japan
Jun 14, 2016
TOKYO, Japan - June 14, 2016 - ORIX Auto Corporation ("ORIX Auto"), a subsidiary of ORIX Corporation, today announced that it will begin offering rental services for mobile office vehicles at its 60 ORIX Truck Rental offices around Japan on June 14, 2016.
A mobile office vehicle is a special type of van for business use that has been modified and equipped with office functions. Such vehicle enables companies to improve business efficiency by eliminating the traveling between remote sites where work is performed and the office.
Motivated by requests for a way to improve efficiency, such as reduced working hours, ORIX Auto started providing mobile office vehicles based on customers' orders in September 2015. The orders came from different companies, including civil engineering and construction firms. In response to heightened needs from customers in various fields, ORIX Auto will now station a total of 100 vehicles at 60 locations by the end of September 2016.
Leveraging knowhow cultivated through the leasing of trucks and specialty vehicles, ORIX Auto has accumulated experience and track record in developing and selling mobile bank branch vehicles to financial institutions. Going forward, it will continue to develop specialty vehicles that meet customers' diverse needs.
ORIX CorporationCorporate Planning Department
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into the lending, investment, life insurance, banking, asset management, automobile-related, real estate and environment and energy-related businesses. Since its first overseas expansion into Hong Kong in 1971, ORIX has spread its business globally by establishing locations in a total of 37 countries and regions across the world. Moving forward, ORIX aims to contribute to society while continuing to capture new business opportunities. For more details, please visit our website: http://www.orix.co.jp/grp/en/
Caution Concerning Forward Looking Statements:
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, 2015 - March 31, 2016.
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