History
Company
| Sumisho Auto Leasing Corporation | |
|---|---|
| February 1981 | Established by Sumitomo Corporation with its capital contribution. |
| January 1985 | Established SAL Corporation. |
| August 1998 | Became public in the over-the-counter market at Japan Securities Dealers Association |
| March 1999 | Established Space Move Corporation. |
| April 2000 | Acquired the auto leasing business from Apollo Service Co., Ltd., a subsidiary of Idemitsu Kosan Co., Ltd. |
| December 2000 | Listed in the second section of the Tokyo Stock Exchange. |
| March 2002 | Listed in the first section of the Tokyo Stock Exchange. |
| February 2003 | Acquired all outstanding shares of Kawasho Lavie Corporation and changed the company name to Kawasho Auto Leasing Corporation. |
| March 2003 | Established Sumisho Auto Leasing International Co., Ltd., (current Sumitomo Mitsui Auto Leasing & Service (Thailand) Co., Ltd). |
| April 2003 | Acquired all outstanding shares of Kubota Lease Corporation. |
| April 2004 | Merged Kawasho Auto Leasing Corporation. |
| August 2005 | Became wholly owned subsidiary of Sumitomo Corporation (delisted from the Tokyo Stock Exchange in July 2005). |
| April 2006 | Merged SAL Corporation. |
| July 2007 | Acquired Cars It Corporation and made it a subsidiary. |
| SMBC Auto Leasing Co., Ltd. | |
|---|---|
| January 1995 | Auto leasing division of SB Leasing Company spun off and became SB Auto Leasing Company. |
| September 2002 | SB Auto Leasing Company acquired Mazda Auto Leasing Co., Ltd. |
| October 2002 | SB Auto Leasing Company (the surviving company) merged with Mitsui Auto Leasing Ltd., and changed its company name to SMBC Auto Leasing Co., Ltd. |
| August 2007 | Became wholly owned subsidiary of Sumitomo Mitsui Financial Group, Inc. |
|
Sumitomo Mitsui Auto Service Co., Ltd.
| |
|---|---|
| October 2007 | Sumisho Auto Leasing Corporation (the surviving company) and SMBC Auto Leasing Co., Ltd., merged into Sumitomo Mitsui Auto Service Co., Ltd. |
| March 2009 | Acquired Ace Auto Lease Corporation and made it a subsidiary. |
| February 2012 | Acquired the shares of Hitachi Capital Auto-Lease Corporation (current Mitsubishi Auto Leasing Corporation) based upon the capital alliance with Hitachi Capital Group and made it an equity method affiliate. |
| April 2013 | Acquired the shares of Summit Auto Lease Australia Pty Ltd., made it a subsidiary. |
| November 2013 | Established SMAS Auto Leasing India Private, Limited. |
| September 2016 | Acquired the shares of Cedyna Auto Lease Corporation and made it a subsidiary. |
| January 2019 | Acquired whole shares of SMAS Fleet Company, Limited., and made it a subsidiary. |
| January 2019 | Established MOBILOTS Co., Ltd., a joint venture with Toyota Finance Corporation and Hino Motors, Ltd., and made it an equity method affiliate. |
| April 2020 | Merged SMAS Fleet Company, Limited. |
| November 2020 | Established i-SMAS Small-Amount and Short-Term Preparation Co., Ltd., (Current i-SMAS Co., Ltd.,) for the business of small-amount and short-term insurance |
| March 2021 | Dissolved the capital alliance with Hitachi Capital Corporation (current Mitsubishi HC Capital Inc.) |
| April 2021 | Transferred all the shares of Hitachi Capital Auto-Lease Corporation (current Mitsubishi Auto Leasing Corporation) to Hitachi Capital Corporation (current Mitsubishi HC Capital Inc.) and excluded from the equity method affliates. |
| September 2023 | Established PT SMAS Mobility Indonesia. |