Showa Leasing · FinWiki

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This entry sits under leasing-firms INDEX. Read it against Fuyo General Lease for peer / contrast context and banking index for the broader system / regulatory boundary. As a captive leasing entity under the SBI Shinsei Bank group, it should be read alongside Shinsei Financial for the broader Shinsei non-bank finance footprint.

TL;DR

Showa Leasing is a general leasing company established in 1969 年, currently a 100% subsidiary of the SBI Shinsei Bank group (SBI Shinsei Bank). Since being incorporated into the group following the management rehabilitation of Shinsei Bank (formerly the Long-Term Credit Bank of Japan) (in the 2000 年s), it has been a mid-sized leasing company responsible for the Shinsei Bank group’s captive leasing and asset-finance functions. In addition to general-equipment leasing, auto leasing, medical leasing, and aircraft / ship leasing, it has strengths in structured finance leveraging Shinsei Bank’s corporate-transaction base.

1. License / group boundary

Item	Notes
Legal name	昭和リース株式会社 / Showa Leasing Co., Ltd.
Listing	Unlisted (SBI Shinsei Bank 100% subsidiary)
Headquarters	Chiyoda-ku, Tokyo
Founded	1969-04
Parent / group	[[regional-banks/sbi-shinsei-bank
License route	No banking license. Money-lending registration (FSA money-lending business registration) obtained within the relevant scope of business
Wiki role	Captive leasing-function node of the SBI Shinsei Bank group. Within the group, it divides its business scope with [[consumer-finance/shinsei-financial

2. Business lines

General-equipment leasing: machine tools, industrial machinery, office equipment
Auto leasing: corporate vehicles (via the Showa Auto Rental & Leasing subsidiary)
Medical leasing: medical equipment, nursing-care equipment
Real-estate leasing / finance: office buildings, logistics facilities
Aircraft / ships: operating leasing, including JOL
Environment-related: solar power, PPA, etc.
Structured finance: tax lease / structured finance leveraging Shinsei Bank’s corporate-transaction base
Installment sales / factoring: BtoB financial services

3. Strategy & competitive position

Showa Leasing has the distinctive positioning of being “a mid-sized leasing company but an SBI Shinsei Bank captive.” It is smaller in scale than the upper-mid-tier Fuyo General Lease or Ricoh Leasing, but it has inherited the Shinsei Bank group’s structured-finance know-how and maintains a presence in tax lease and complex structured deals.

With its incorporation under SBI Holdings (from 2021 ), the potential for cooperation with the financial functions within the SBI group (SBI Securities, SBI Life, SBI Insurance, the SBI regional-bank alliance, etc.) is an issue. Its specialization in corporate + structured finance over a retail base clearly differentiates it from Shinsei Financial (retail unsecured loans).

Direct competition with the three major leasing firms is limited, with bidding competition in mid-sized to upper-mid-tier business-edge deals (tax leasing, small-lot ship and aircraft, logistics real estate).

In the context of Japan acquisition finance, it sometimes participates in LBOs / buy-outs through the combination of Shinsei Bank’s corporate lending + Showa Leasing’s asset finance.

4. Why this page matters

A node for understanding the non-banking financial functions within the SBI Shinsei Bank group (alongside Shinsei Financial)
Important in the context of the management-rehabilitation history of the former Long-Term Credit Bank of Japan / Shinsei Bank → incorporation into SBI → group restructuring
A sample of the industry structure in which mid-sized leasing companies survive by becoming captive
Its expertise in the structured finance / tax lease area is a differentiation axis distinct from the three major leasing firms

Sources

Showa Leasing official corporate site (https://www.showa-leasing.co.jp/)
SBI Shinsei Bank IR / disclosure materials
Japan Leasing Association (JLA) statistics (https://www.leasing.or.jp/)

[!info] Verification status confidence: likely (based on public information, 2026-05-24). The intra-group restructuring / integration scenario after incorporation under SBI Holdings contains uncertain elements and may vary significantly depending on the parent company’s future policy.