Mizuho Leasing to acquire stake in Nippon Steel Kowa

Mizuho Leasing (TSE: 8425) announced it will acquire a 14.85% stake in Nippon Steel Kowa Real Estate through its subsidiary ML Estate for JPY 50.1 billion. The acquisition is part of a broader strategy to strengthen business ties and capitalize on synergies between the two companies, which were already partners. Simultaneously, Mizuho Leasing and Nippon Steel Kowa Real Estate are entering into a new capital and business alliance agreement, replacing an existing collaboration from August 2021. The goal is to expand existing businesses, pursue joint development projects, and advance asset recycling initiatives. Mizuho Leasing intends to leverage the alliance to address social challenges like decarbonization and aims to enhance its platform company strategy. The initiatives include CRE proposals, real estate redevelopment, renewable energy projects, asset management collaboration and increased sustainability efforts. The share acquisition is expected to close on May 9, 2025. Mizuho also revealed that it plans to move its headquarters into the Toranomon Alcea Tower in spring 2026, a large-scale redevelopment project undertaken by Nippon Steel Kowa Real Estate.