Notice Regarding Capital and Business Alliance with Star Asia Group LLC and Acquisition of Its Stake through Third-Party Allocation of Shares (Equity-Method Affiliate Status)

Overview of Capital and Business Alliance

Mizuho Leasing Company, Limited has resolved to enter into a capital and business alliance agreement with Star Asia Group LLC (Star Asia) and acquire a 25.00% equity interest (24.90% voting rights) for 30 billion yen. Star Asia is an unlisted real estate investment and management group widely investing in Japan’s real estate sector. Both companies aim to strengthen existing businesses in the real estate field, pursue new investment and development projects, and promote asset-recycling business collaboration.

Future Outlook and Impact

Through this alliance, Mizuho Leasing will become an equity-method affiliate of Star Asia, reinforcing their strategic partnership. Specifically, they will advance collaboration in finance provision, joint investment projects, joint development of operational businesses, cooperation in fund and REIT businesses, and know-how sharing through personnel exchanges. The impact on consolidated results for the fiscal year ending March 2026 is expected to be minor, with anticipated contributions to enhancing corporate value.