LIXIL Home Finance has transferred its Flat 35 business and other operations to SBI ALHI.
LIXIL Co., Ltd. (Headquarters: Shinagawa-ku, Tokyo, President and CEO: Kinya Seto) and its subsidiary, LIXIL Home Finance Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, President: Kazushige Miyashita) announced that they have signed a "Position Transfer Agreement" and a "Reservation Agreement for Transfer of Loan Claims" on June 27, 2024, in order to transfer LIXIL Home Finance's contractual position and loan claims related to the "Flat 35" residential loan business to SBI ALHI Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director, CEO and COO: Tsutomu Ikuma) (hereinafter, the "Transfer"). The transfer is scheduled for September 27, 2024.
LIXIL has been working to optimize its business portfolio and focus on core businesses to improve business efficiency and strengthen its financial position. This decision is part of LIXIL's ongoing efforts. SBI ALHI is a specialized financial institution for housing loans, and has experience and know-how in taking over other companies' "Flat 35" businesses, making it possible to smoothly take over the business.
For your reference: November 1st, 2023.Press release
Regarding the customers who are subject to this transfer:
At this time, there are no plans to make changes to the customers' residential loan contracts, payment dates, payment accounts, etc., or to ask customers to take any action, as a result of this transfer.