Mitsubishi HC Capital UK PLC

Overall, we expect lower operating profits for the year ending in March 31, 2025, as elevated pressure on margins and finance costs persist, remaining a key drag on earnings. New business margins are improving and will continue to as interest rates cool, eventually supporting earnings in 2025 and beyond. Other strategic initiatives, in particular, its energy transition solutions within Business Finance and Vehicle Solutions, will support earnings further into the medium term. The FCA is currently conducting an investigation into motor finance on the historic use of discretionary commission agreements (DCAs). MHCUK is subject to this investigation through its consumer finance and business finance divisions, which offered loans that included DCAs until 2019. The investigation applies to customers that used

...Mitsubishi HC Capital UK PLC (MHCUK) remains important to the MHC group with increasing presence in Europe. S&P Global Ratings views MHCUK as a highly strategic subsidiary of the Japan-headquartered Mitsubishi HC Capital Inc. (MHC) (A-/Stable/A-2). MHCUK recently acquired MHC Mobility Europe B.V. and its subsidiaries (MHC Mobility) from its parent company, MHC, which strengthened its vehicle leasing and fleet management services across mainland Europe, supplemented by Vendor Finance, which has added diversity to MHCUK's European offering with almost half of the portfolio situated across various European countries. MHCUK contributes positively to MHC's earnings and operations, demonstrating consistent profitability and stable creditworthiness. MHCUK is MHC's only operating entity in Europe. It is a U.K.-based non-bank lender, authorized and regulated by the Financial Conduct Authority (FCA). With over 2,250 employees and ú8.8 billion in total assets, MCHUK provides finance solutions to its...

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