Aiming to create and expand shosha-type industrial finance businesses, this division seeks to seize the business opportunities generated by varied financial requirements arising from ongoing structural changes in the global marketplace.

In the real estate finance sector, our strategic subsidiary MCUBSR established Japan Retail Fund Investment Corporation (JRF) in 2002 as Japan's first REIT specializing in retail facilities. JRF now leads the retail REIT market in terms of asset value under management. In October 2007, MCUBSR formed another REIT, Industrial & Infrastructure Fund Investment Corporation (IIF), to invest in a broad industrial real estate portfolio spanning logistics facilities, factories, research and development facilities and other types of industrial properties. In addition to these two listed J-REITs, our subsidiary manages private real estate funds and we also make various investments in overseas property and infrastructure funds. Through these means, we are working to expand our assets in the real estate finance sector.

In the lease business sector, we are continuing to expand our leasing business base worldwide. We have reorganized our automobile leasing assets in Japan under Mitsubishi Auto Leasing Holdings, a joint venture between MC and Mitsubishi UFJ Lease. In April 2008, we further strengthened our partnership with Mitsubishi UFJ Lease by purchasing additional shares newly issued by this company. Meanwhile, we are continuing to build up our general leasing business in Saudi Arabia.

In the aviation sector, in addition to aircraft leasing, we plan to upgrade and expand our airline-related business by offering one-stop services such as marketing of aircraft and related equipment. In May 2008, we invested in Mitsubishi Aircraft Corporation, which was newly established for the development in Japan of commercial airliners named "Mitsubishi Regional Jet" (MRJ). Through this investment, we will promote the MRJ project.

Elsewhere, we continue to develop new asset finance businesses amid diversification in investment products and financial services driven by financial market innovation. These new ventures include the operation of a healthcare business fund and a reinsurance business.