CSI Leasing Japan, a wholly-owned subsidiary of CSI Leasing, recently acquired a 20% share of TRY Corporation, an IT asset disposition (ITAD) company that handles the refurbishment of leased IT equipment centered on data erasure operations in the Kanagawa prefecture in Japan, a region south of Tokyo. CSI Leasing’s parent company, Tokyo Century Corporation, owns the remaining shares of TRY, making it now 100% owned by Tokyo Century. TRY will operate as EPC Japan.
The new subsidiary joins multiple sister ITAD companies located throughout the Americas and Europe, all of which are wholly-owned subsidiaries of CSI. Masahiro Ohata, president and CEO of TRY, will lead EPC Japan.
“Bringing TRY into the CSI family will not only help them grow, but it will also enhance CSI and EPC’s overall global solution, giving customers a consistent approach to IT disposal,” Toshio Kitamura, director and senior managing executive officer of Tokyo Century and vice chairman of CSI Leasing, said.
“TRY’s 80 highly-experienced staff currently processes 200,000 assets annually, composed of TC Group’s leased equipment. With this investment from CSI, we expect an increase in assets as we will mirror EPC’s premium ITAD solution. We will be offering ITAD services not only for leased equipment, but also for customer-owned assets,” Ohata said. “The need for proper ITAD in Japan is growing due to an increase in awareness of information security compliance and expanding environmental laws. This acquisition will allow us to continue helping customers that are working to achieve sustainability and ESG goals.”
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!