Mizuho Leasing
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This entry sits under leasing-firms INDEX. Read it against SMFL / Sumitomo Mitsui Finance and Leasing for peer / contrast context and banking index for the broader system / regulatory boundary.
TL;DR
Mizuho Leasing is a listed non-bank asset-finance platform tied to Mizuho FG and Marubeni. The company profile gives the legal name Mizuho Leasing Company, Limited, head office at Toranomon, establishment date 1969-12-01, and paid-in capital of 46,925.26mn yen.↗ Stock information as of 2026-03-31 lists Mizuho Financial Group as the largest shareholder at 23.09% and Marubeni as the second-largest at 20.00%.↗ The 2024 Marubeni release says Marubeni would hold 20.00% after the capital increase and Mizuho Leasing would become an equity-method affiliate of Marubeni.↗ This makes the page a control point for finance-arm / trading-house adjacency: Mizuho contributes bank-client / finance adjacency, while Marubeni contributes trading-company networks, asset origination and business-development capacity.
Structure
| Item | Summary |
|---|---|
| Company | Mizuho Leasing Company, Limited.↗ |
| Listing | TSE Prime, ticker 8425.↗ |
| Strategic shareholders | Mizuho Financial Group 23.09%; Marubeni 20.00%, as of 2026-03-31.↗ |
| Business role | Leasing / installment / finance platform with domestic leasing, real estate, environment / energy, aviation / vessel, logistics / XaaS and international angles. The exact mix should be read from Mizuho Leasing’s segment disclosures, not inferred only from the shareholder names.↗ |
| Peer set | SMFL, Mitsubishi HC Capital, ORIX, Tokyo Century |
Alliance mechanics
Mizuho relationship
Mizuho Leasing is not a bank, but it is a listed leasing company whose largest shareholder is Mizuho Financial Group.↗ The FY2024 investor presentation says the domestic leasing business accumulated operating assets mainly through the Mizuho alliance and aims to further expand the client base through alliances with the Mizuho Financial Group.↗ This is why the page should sit in the non-bank finance layer next to bank lending rather than inside ordinary banking.
Marubeni relationship
Marubeni’s 2024 release says the capital and business alliance is intended to develop collaboration with Mizuho Leasing, create a new business model, and strengthen the finance and leasing domain. It cites prior collaboration from the 2019 alliance, including Mizuho Marubeni Leasing, U.S. aircraft leasing, U.S. freezer / refrigerated trailer leasing and Australian auto finance joint ventures.↗ The same release says the collaboration areas under discussion include environment and energy, real estate, aircraft and vessel, information, logistics and XaaS, in Japan and overseas.↗
Business map
| Lane | Role |
|---|---|
| Domestic leasing | Core earnings bedrock; FY2024 materials emphasize expanding operating assets and client base through Mizuho-group collaboration.↗ |
| Real estate / environment | Explicit collaboration area in the Marubeni alliance release; also part of the medium-term plan’s growth / frontier framing.↗↗ |
| Aircraft / vessel / transportation | Marubeni release cites aircraft leasing collaboration and names aircraft and vessel as future collaboration areas.↗ |
| Logistics / XaaS | Marubeni release names information, logistics and XaaS as collaboration areas.↗ |
| Global / trading-house linkage | Marubeni brings global partner / client network, human capital and business-development capabilities; Mizuho Leasing brings Japan client base and expertise in equipment / property and finance.↗ |
Strategic reading
Mizuho Leasing is useful because it shows how a megabank-adjacent listed leasing company can act as a flexible balance-sheet and asset platform:
- bank lending finances borrower balance sheets;
- leasing finances assets and can preserve residual-value control;
- a trading-company shareholder can add asset sourcing, overseas origination and project know-how;
- listed-company status means strategic shareholders must coexist with minority-shareholder and market-discipline constraints.
The 2024/2026 shareholder facts are important: Mizuho FG is larger at 23.09%, Marubeni is 20.00%, and Marubeni’s release explicitly describes equity-method affiliate treatment after the capital increase.↗↗
Competitive context
| Peer | Contrast |
|---|---|
| ORIX | More diversified and independent investment / asset-management model |
| SMFL | SMFG + Sumitomo Corporation joint platform, stronger Sumitomo group pairing |
| Mitsubishi HC Capital | Larger Mitsubishi / MUFG group leasing platform |
| NTT TC Leasing | NTT asset base + Tokyo Century lease expertise, more telecom-asset anchored |
Risk notes
- Leasing earnings are sensitive to corporate capex cycles, asset residual values, rates, funding cost and overseas risk.
- Strategic-shareholder relationships can create both business flow and governance / minority-shareholder questions.
- Aircraft, real estate, energy and logistics assets require asset-specific risk analysis rather than only borrower credit analysis.
- Mizuho Leasing’s investor presentation notes rising funding costs from higher interest-bearing debt linked to operating-asset growth and higher yen interest rates, so rate sensitivity belongs in the analysis.↗
Related
- ORIX
- Mizuho FG
- SMFL
- Mitsubishi HC Capital
- Tokyo Century
- NTT TC Leasing
- JapanFG legal / financial licenses
- FinWiki index
Sources
- Mizuho Leasing: Corporate Information https://www.mizuho-ls.co.jp/en/company/data.html
- Mizuho Leasing: Stock Information / Major shareholders (as of 2026-03-31) https://www.mizuho-ls.co.jp/en/ir/stock_rating/stock.html
- Marubeni: Execution of Capital and Business Alliance Agreement by Marubeni Corporation and Mizuho Leasing Company, Limited (2024-05-14) https://www.marubeni.com/en/news/2024/release/20240514E.pdf
- Mizuho Leasing: Investor Presentation for FY2024 (2025-05-13) https://www.mizuho-ls.co.jp/en/ir/library/presentation/main/013/teaserItems1/00/linkList/02/link/Investor%20Presentation%20for%20FY2024_Final_EN.pdf
[!info] Verification status confidence: likely (2026-06-24). Corporate data, 2026-03-31 shareholder percentages, Marubeni equity-method / alliance facts, and Mizuho / Marubeni collaboration lanes are verified from official company / shareholder / public-release materials. This page avoids unverified claims about individual leased assets or borrower relationships.
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