TOKYO--(Marketwire - Aug 8, 2012) - Boston Semi K.K., a subsidiary of Boston Semi Equipment LLC (BSE Group), and its partner, Showa Leasing Co., Ltd. (Tokyo, Japan), a member of the Shinsei Bank Group, today announced the commencement of operating leasing activity in the Japanese semiconductor market. The partnership has placed approximately $5 million worth of equipment under lease for image sensor applications at a major test house in the Kyusyu area.
"We are now realizing the synergy of our relationship with Showa, which facilitates the expansion of our semiconductor equipment business within the Japanese market," commented Bryan Banish, Boston Semi Equipment president and CEO and Boston Semi K.K. representative director. "We offer ways for Japanese companies to adjust their manufacturing capacity to meet market demand. Boston Semi K.K.'s ability to lease equipment and our activity in the secondary market offers flexible capacity options to Japanese companies that have not previously been available to them."
Boston Semi K.K. provides equipment valuation, flexible lease options and opportunities for customers to buy equipment from and sell to the secondary market. Together with Showa Leasing, the companies offer both flexible financing to customers as well as the purchase and sale of equipment in the secondary market. This is the first piece of business for the companies since their partnership was established late last year.
"Our partnership with Showa Leasing brings an innovative approach to equipment financing and gives customers in the Japanese market a unique offering to better manage their capacity requirements," said Banish.
Boston Semi Equipment LLC (BSE Group) is a holding company for a portfolio of companies providing affordable equipment and service solutions to semiconductor manufacturers. Together, BSE Group and its subsidiaries partner with customers and equipment suppliers to lower cost of ownership while optimizing flexibility and operating leverage. The company simplifies the equipment acquisition process by offering a broad range of financing solutions to its customers to facilitate the lease, rental, and purchase of new and used equipment. Learn more at www.bsegroup.com.
Showa Leasing, founded in 1969, has built its base as a general leasing company by expanding operations with the support of customers. Headquartered in Tokyo, the company has a total of 16 offices in Japan. From effective sales activities tailored to local needs, to dynamic projects on a Nation-wide scale, each of the Company's services is delivered with utmost efficiency. Showa Leasing strives to satisfy and earn the trust of customers by providing unique products and developing innovative proposals. Learn more at http://www.s-l.co.jp/english/.