is one of Japan's largest

consumer loan Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), ...

companies, (or ''

sarakin is a Japanese term for a legal moneylender who makes unsecured loans at high interest. It is a contraction of the Japanese words for and . An illegal loan shark who goes above legally permitted maximum interest rates is called ''yamikin'', short ...

''). The name "Acom" stands for Affection, Confidence and Moderation. The company was founded by

Masao Kinoshita was the founder of Acom, a major consumer loan company in Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the ...

, who was later replaced by his eldest son

Kyosuke Kinoshita is the chairman of Acom Co., Ltd., a major consumer loan company in Japan. He is the eldest son of Masao Kinoshita, founder of Acom. He graduated from Ritsumeikan University with a bachelor's degree. See also * List of billionaires ''The ...

, the current chairman of the company. In addition to providing loans, Acom issues

credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...

s. At the end of 2008, Mitsubishi UFJ obtained control of more than 40% of Acom stock and Acom became a consolidated subsidiary of MUFG.

Ownership

As of April 2009, the founders (Maruito/Kinoshita) control about 40% of the shares, another 40% are controlled by

MUFG is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan. MUFG holds assets of around US$3.1 trillion as of 2016 and is one of the "Three Great Houses" of the Mitsubishi Group alongside Mitsubishi Corpor ...

.Acom - For Shareholders: Stock Information
/ref>

References

External links

* Financial services companies established in 1978 Financial services companies based in Tokyo Japanese companies established in 1978 Mitsubishi UFJ Financial Group Companies listed on the Tokyo Stock Exchange {{japan-company-stub