興銀リース (former name / now merged into Mizuho Leasing)

Wiki route

This entry sits under leasing-firms INDEX. Read it against Mizuho Leasing (the surviving successor entity post-2019 merger) and banking index for the broader system / regulatory boundary. As a Mizuho-side historical entity, read it together with Mizuho FG for parent-group context.

TL;DR

興銀リース (IBJ Leasing) was established in 1969 年 as a leasing company in the old Industrial Bank of Japan (IBJ) lineage, and for many years operated as a representative leasing company of the Mizuho / former IBJ lineage. In 2019-04-01 it was renamed “Mizuho Leasing” → effectively becoming Mizuho Leasing, and “興銀リース” as an independent corporate entity came to an end. This page is therefore positioned as a historical entity + naming-consolidation note. For current business / financial status, refer to Mizuho Leasing.

1. Historical entity / merger status

2. Merger history & business lines (former)

The old IBJ Leasing coexisted within the Mizuho lineage as a quasi-major leasing company with strengths in real estate, aircraft, and large-scale PJ finance, partially overlapping in business scope with the Fuyo Group’s Fuyo General Lease. Inheriting the large-corporate / project-finance DNA of the old IBJ, it demonstrated strengths in large deals such as real estate, ships, aircraft, and overseas PJ.

Main former business areas:

• General equipment leasing / industrial equipment leasing
• Real estate leasing / finance (large properties)
• Operating leases / JOL of aircraft and ships
• Overseas (mainly Asia) bases
• Environmental / renewable-energy PJ finance

2019-04 background of the Mizuho Leasing consolidation

• Leasing functions within Mizuho FG had an overlapping structure across IBJ Leasing + Fuyo General Lease, etc., and intra-group reorganization pressure existed
• The IBJ Leasing → Mizuho Leasing name change (2019-04-01) was part of Mizuho FG’s reorganization of non-bank functions
• In 2024 年, Marubeni’s strategic shareholder participation in Mizuho Leasing itself was announced, evolving it into a Mizuho + trading-company hybrid platform

3. Strategic significance of this transition

The consolidation of the old IBJ Leasing was the result of Mizuho FG concluding that “there is no merit in holding multiple leasing subsidiaries.” On the other hand, the Fuyo Group’s Fuyo General Lease continues to exist in parallel as an independent listed company, and leasing consolidation within the Mizuho lineage has not been carried out completely.

This sequence is an important case for understanding the non-bank strategy of Mizuho FG (the fusion process of the 3 genes of the old IBJ, old Fuji, and old Dai-Ichi Kangyo).

In the context of Japan acquisition finance, the large-scale PJ know-how of the old IBJ Leasing has been inherited by Mizuho Leasing and is still used today in Mizuho’s LBO / M&A finance.

4. Why this page matters

• Naming / search disambiguation: searching for “興銀リース” or “IBJ Leasing” can navigate to the current entity (Mizuho Leasing)
• An auxiliary node for understanding the old IBJ legacy (one of the 3 genes within Mizuho FG)
• A case in the M&A / reorganization history of the leasing industry
• An interpretation of the fact that, even within the same Mizuho lineage, it has not been consolidated with Fuyo General Lease (Fuyo General Lease) and continues to exist in parallel

Related

• Mizuho Leasing
• Mizuho FG
• Fuyo General Lease
• Tokyo Century
• Mitsubishi Hc Capital
• Orix Corp
• banking index
• Japan acquisition finance

Sources

• Mizuho Leasing official corporate site (https://www.mizuho-ls.co.jp/) — the entity renamed from IBJ Leasing
• Mizuho Financial Group public information (https://www.mizuho-fg.co.jp/)
• Japan Leasing Association (JLA) statistics (https://www.leasing.or.jp/)
• Old IBJ Leasing past IR information (before the name change)

[!info] 校核状态 confidence: likely (based on public information 2026-05-24). This page is retained as a historical entity + disambiguation note. For current business information, refer to Mizuho Leasing. The name change (興銀リース → Mizuho Leasing) is confirmed at 2019-04-01.