Mizuho Leasing to become major shareholder in TRE Holdings

Mizuho Leasing Company announced a capital and business alliance agreement with TRE Holdings Corporation on October 8, 2025. As part of this alliance, Mizuho Leasing plans to acquire an additional 3,213,200 shares of TRE Holdings.

This acquisition, coupled with TRE Holdings' planned share repurchase of up to 1,500,000 shares, is projected to raise Mizuho Leasing's total ownership to 10.00% of the total shareholder voting rights, making Mizuho Leasing a major shareholder. The acquisition period for these shares is scheduled to be between February 16, 2026, and June 17, 2026.

Mizuho Leasing will acquire these shares through an off-market bilateral transaction with Mizuho Securities Co., Ltd., which will have first acquired them via market transactions. The specific acquisition price was not disclosed.

This strategic partnership aims to strengthen existing businesses, create new opportunities, and promote a circular economy platform for both companies. Mizuho Leasing anticipates the impact of this alliance on its consolidated financial results, as well as on TRE Holdings' consolidated financial results, to be minimal.