Source disclosure: February 05, 2026
JACCS CO.,LTD. [8584.T]
TOKYO, Feb 5 (Pulse News Wire) -- JACCS Co., Ltd. (8584.T), led by President Ryo Murakami, announced today that it has decided to acquire a 49% stake in Car Times Capital Pte. Ltd. (CTCA), a finance company under the umbrella of Car Times Automobile Pte. Ltd. (CTAM) in Singapore. The move was approved during a board meeting held on February 5, 2026. CTCA is owned 75.5% by Carsome Group Pte. Ltd., the parent company of Carsome Sdn. Bhd., which had previously entered into a strategic partnership agreement with JACCS when it ventured into Malaysia in May 2025.
The acquisition aligns with JACCS' mid-term three-year business plan "Do Next!" launched in fiscal year 2025, focusing on overseas expansion within the MUFG group. In Singapore, the Certificate of Entitlement (COE) system, designed to control vehicle ownership costs through high fees and taxes, creates a strong demand for auto loans. This, combined with government initiatives promoting electric vehicles (EVs), presents a promising market outlook. Additionally, CTAM's established presence in Singapore since 2001 and its robust ecosystem, including car sales, buybacks, financing services, and maintenance operations, positions CTCA well for growth in the auto loan sector.
Details of the transaction include an equity investment cost of approximately ¥1.5 billion, funded partly through third-party allotment capital raised via a capital alliance contract signed with Mitsubishi UFJ Bank in March 2025. Post-acquisition, JACCS will hold 1,519,000 shares of CTCA, representing a 49% voting rights shareholding. The transfer of these shares is scheduled to be completed in April 2026.
According to JACCS, this acquisition is expected to have minimal impact on its current consolidated earnings but could lead to stable profit generation moving forward. Any significant developments related to this transaction will be disclosed as necessary. Contact for inquiries regarding this announcement can be directed to Executive Director Koji Iwase at +81-3-5448-1311.
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