Acom

Mitsubishi UFJ's stake in Acom is currently valued at 62 billion yen, while Sumitomo Mitsui's stake in Promise is value d at 11 billion yen.

Japan Banks Face Worries Over Lending Turmoil Atsuko Fukase 2010

Out of this morass, an apparent winner has emerged: Acom, which is fortunate in its 40% owner, Mitsubishi UFJ Financial Group, Japan's biggest bank by assets.

Too Much Credit for Japan Lender Acom 2008

Acom and Promise said they expect more claims and will be closely watching how the Takefuji case will aff ect borrowers.

Japan Banks Face Worries Over Lending Turmoil Atsuko Fukase 2010

Friday morning, Aiful shares gained 14% at ¥120, while Acom was up 5.8% at ¥1,555.

SMBC to Make Consumer Lender Promise Wholly Owned Unit Atsuko Fukase 2011

Since 2004, when both banks began investing in the sector, Mitsubishi UFJ's Acom shares have lost about 85% of their value, while Sumitomo Mitsui's Promise shares have lost 94%.

Japan Banks Face Worries Over Lending Turmoil Atsuko Fukase 2010

Acom expects operating profit for the first half of 26.7 billion yen.

Japan Banks Face Worries Over Lending Turmoil Atsuko Fukase 2010

While Promise and Acom are supported by SMBC and Bank of Tokyo Mitsubishi UFJ, respectively, Aiful remains independent.

SMBC to Make Consumer Lender Promise Wholly Owned Unit Atsuko Fukase 2011

All eyes are now on the remaining big consumer-finance lenders— Acom Co., Promise Co. and Aiful Corp. The three lenders have also faced an increasing number of refund requests.

TPG, J-Trust Contenders for Takefuji Atsuko Fukase 2011

After Takefuji's failure, Promise and other major lenders Acom Co. and Aiful Corp. saw customers rushing to apply for separate refund claims.

SMBC to Make Consumer Lender Promise Wholly Owned Unit Atsuko Fukase 2011

An arm of Mitsubishi UFJ Financial Group Inc. owns more than 40% of Acom, Japan's largest consumer-finance lender by number of outstanding loans, while a banking arm of Sumitomo Mitsui Financial Group Inc. owns about 20% of Promise, the second-largest.

TPG, J-Trust Contenders for Takefuji Atsuko Fukase 2011