Mitsubishi HC Capital Inc. Representative Director, President & CEO Takahiro Yanai announced the Executive Committee has resolved that the Company will merge its subsidiary CAI International, Inc. (CAI) and its sub-subsidiary Beacon Intermodal Leasing, LLC (BIL), both of which operate a marine container leasing business in the U.S., with CAI being the surviving company and BIL being the merged company (the Merger).

Mitsubishi HC Capital Inc. aims to enhance the competitiveness of the marine container leasing business in the global market by enforcing group governance, effectively using managerial resources, and creating additional value as a result of accelerated integration of technology and know-how.

Further, by incorporating the growth opportunity of such business, the Company also intends to further strengthen and expand the business to make it a leading force that supports the mid- to long-term growth of the Company.

Mitsubishi HC Capital Inc. entered the marine container leasing market with the full acquisition of BIL in November 2014; moreover, by fully acquiring CAI as its wholly owned subsidiary in November 2021, the Company integrated the experience and knowledge of the two companies. It has strived to enhance product lineup, streamline the platform including its business locations, accelerate activities including those to enhance coverage of customer needs, and to improve its scale, opportunity, and marketing capability.