Company Overview
Mizuho Leasing Co., Ltd. <8425> is a major leasing company of the Mizuho Group. Centered on collaboration with the Mizuho Group and Marubeni, it not only accelerates growth through an aggressive inorganic strategy of M&A and alliances, but also aims to be a "company that grows beyond finance" by creating new business areas.
The Mizuho Leasing Group consists of the company and over 200 subsidiaries and affiliated companies, operating globally. Major consolidated subsidiaries include Dai-ichi Lease Co., Ltd., Mizuho Toshiba Leasing Co., Ltd., ML Estate Co., Ltd., Mizuho Auto Lease Co., Ltd., Universal Lease Co., Ltd., Mizuho Financing and Leasing (China) Co., Ltd., Mizuho Leasing (Singapore) Pte. Ltd., PT MIZUHO LEASING INDONESIA Tbk, Rent Alpha Pvt. Ltd. (India), Capsave Finance Pvt. Ltd. (India), Mizuho Leasing (UK) Ltd., and IBJ Air Leasing (US) Corp. Among the major equity method affiliates are Mizuho Marubeni Lease Co., Ltd., Ricoh Lease <8566>, Nippon Steel Kowa Real Estate Co., Ltd., Mizuho Capital Co., Ltd., JECOS, Krungthai Mizuho Leasing Co., Ltd. (Thailand), Aircastle Limited (USA), and Vietnam International Leasing Co., Ltd. Notably, the company is an equity method affiliate of Mizuho Financial Group and Marubeni.
As of the end of the interim term for the fiscal year ending March 2025, total assets are 3,629,941 million yen, net assets are 399,465 million yen, shareholder equity is 318,084 million yen, the equity ratio is 10.3%, and the number of issued shares is 282,666,300 (including 2,762,645 treasury shares). A five-for-one stock split was executed on April 1, 2024 (effective date).
2. History
The company was established in December 1969 as Pacific Lease Co., Ltd. through investments from business companies centered around The Nippon Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.). In November 1981, the company changed its name to Kogin Lease Co., Ltd., listed its shares on the Tokyo Stock Exchange (hereafter referred to as TSE) Second Section in October 2004, was transferred to TSE First Section in September 2005, changed its name to Mizuho Leasing Co., Ltd. in October 2019, and transitioned to the Main Board of TSE in April 2022 due to a revision of market classification. The company has expanded its business operations while utilizing M&A and alliances, and formed a capital and business partnership with Mizuho Financial Group in March 2019 and with Marubeni in May 2024.
(Written by: Fisco Guest Analyst Masanobu Mizuta)
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