Acom

...of commercial properties primarily in Japan. It is also a major shareholder of Acom, one of Japan's largest consumer loan companies, which is a subsidiary of the Mitsubishi UFJ Financial Group. Statements in this press release that are not...

In this article: Honolulu, Alexander & Baldwin, Hawaii, Japan, and Honolulu, Hawaii

...biggest consumer lenders-Aiful, Takefuji, Acom and Promise-sharply higher yesterday. Takefuji's shares rose 23%, while Promise and Acom posted 17% gains. The government isn't just trying to help consumer lenders, which need the help. (They...

In this article: Aiful, Aozora Bank, Takefuji, Japan, Bankruptcy, Tokyo, and Cerberus Capital Management

...of what was legally required. Last week, Mitsubishi UFJ Financial Group said it would take a second-quarter writedown, partly reflecting a drop in the value of its consumer finance subsidiary Acom. Furthermore, Takefuji, a rival to...

In this article: Mitsubishi UFJ Financial Group, Nomura, Tokyo, Hong Kong, Fiscal year, LG Electronics, National Australia Bank, Kospi index, and Li & Fung

Acom is one of Japan's largest consumer loan companies, or ''sarakin''. The name "Acom" stands for '''A'''ffection, '''Co'''nfidence and '''M'''oderation. The company was founded by Masao Kinoshita, who was later replaced by his eldest son...

In this article: Mitsubishi UFJ, Masao Kinoshita, Kyosuke Kinoshita, and Japan

...the country instituted tougher regulations, which put a cap on interest rates. Acom has been teetering on the brink; with Mitsubishi's backing, it will survive. American depository receipts of Mitsubishi rose 0.3%, or 2 cents, to $7.60, in...

In this article: Mitsubishi, UnionBanCal, Japan, Mitsubishi UFJ Financial Group, Bank of America, Mainichi, U.S., California, and Reuters

...pressure on their operations. Acom, Promise and Takefuji forecast double-digit drops in revenues in the year to March 2009 as they continue to shrink their loan balances in line with regulatory changes. Acom said revenues were expected...

In this article: Revenue, Takefuji, Japan, Tax, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group

...loans, said Takashi Nagaoka, managing officer of Mitsubishi UFJ. "In screening for consumer finance our ability is still not at the level of Acom," he said. The higher stake will help make Acom a consolidated subsidiary of the...

In this article: Mitsubishi UFJ Financial Group, Japan, and Market capitalization