DBJ to make a joint investment with Omni-Plus System Limited and Tokyo Century Leasing (Singapore) Pte. Ltd. for the acquisition of International Material Supplier Co., Ltd. (through the Special Investment Operations scheme)

Development Bank of Japan Inc. (DBJ) announced today that it has accomplished a joint investment with Omni-Plus System Limited (OPS; headquarters, Singapore; CEO, Neo Puay Keong) and Tokyo Century Leasing (Singapore) Pte. Ltd. (TCS; headquarters, Singapore; Managing Director, Hiroaki Hirakawa) through the underwriting of preferred shares issued by an acquisition special purpose company, enabling OPS to acquire International Material Supplier Co. Ltd. (IMS; headquarters, Taipei; Chairperson, DL Hou).

As an equity-method affiliate of Itochu Corporation (Itochu), OPS is engaged in the distribution, development and manufacturing of engineering plastics and is the first Singapore company to be listed on the Tokyo Stock Exchange. While OPS aims to further expand its engineering plastics business and customer base through the acquisition of IMS, the joint investment has been realized in cooperation with TCS and DBJ.

In its Medium-Term Management Plan 2027, TCS's parent company, Tokyo Century Corporation (TC; head office, Chiyoda-ku, Tokyo; President and CEO, Koichi Baba), aims to transform its portfolio into one with high profitability and stability by focusing on profit growth and increasing in ROA through the creation of new business domains and asset turnover of business investments.

This joint investment is the first attempt by TCS to finance an acquisition using preferred shares beyond conventional debt financing such as leasing and hire purchase.

DBJ has decided to support the diversification and sophistication of the financing methods of TCS through this joint investment by utilizing Special Investment Operations (Note 1), as it will contribute to efforts to strengthen the competitiveness of the TC Group and, in turn, the competitiveness of the domestic leasing industry.

Through the Special Investment Operations scheme, DBJ will continue to actively support the development of markets for growth capital, the revitalization of the local economy, and the efforts of customers to strengthen their competitiveness.

(Note 1) Special Investment Operations, established as an intensive but temporary scheme to supply growth capital from the perspective of promoting the competitiveness of Japanese enterprises along with regional revitalization, draws only a portion of the investment (industrial investment) from the Japanese government--enough to encourage the private sector to supply growth capital.



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