Mizuho Leasing Company, Limited
8425・Prime Market・Other Financing Business
Leasing & Installment Sales
Mizuho Leasing's core segment, serving as the earnings base handling leasing and installment sales of diverse assets.
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (external customers) | ¥863,468 million | ¥645,193 million | ↑ |
| Segment profit | ¥26,851 million | ¥28,356 million | ↓ |
| Segment assets | ¥2,124,997 million | Unknown (prior period figure not disclosed) | ↑ |
| Depreciation expense | ¥19,638 million | ¥18,519 million | ↑ |
| Increase in property, plant and equipment and intangible assets | ¥501,854 million | Unknown (prior period figure not disclosed) | — |
Business Details
This segment conducts leasing and installment sales operations covering real estate, industrial/machine tools, information-related equipment, transportation equipment, environment/energy-related facilities, and more. It provides services through both Finance Lease and Operating Lease formats to a broad customer base ranging from large corporations to SMEs. In FY2026 (ending March 2026), segment assets stood at ¥2,124,997 million, accounting for approximately 50.9% of the company-wide total, making it the core segment underpinning the group's earnings base.
Recent Overview
Sales increased significantly, but segment profit declined year on year.
In the Leasing & Installment Sales Finance segment for FY2026 (ending March 2026), sales to external customers increased substantially to ¥863,468 million from ¥645,193 million in the prior period. Meanwhile, segment profit declined to ¥26,851 million from ¥28,356 million in the prior period. This appears to reflect pressure on profits from rising funding costs and increased credit costs. Acquisition of leased assets remained at a high level of ¥501,854 million, with continued accumulation of Operating Lease assets. Note that in this restated disclosure, an aggregation error in the statement of cash flows was corrected, but there was no change to segment profit or assets.
Key Products
Growth Drivers
- Building up operating assets in the domestic leasing and real estate fields by leveraging alliances with the Mizuho Group and Marubeni Group
- Continued expansion of Operating Lease balances in the real estate business
- Expansion of contract execution volume in the information/office equipment field and development in the ITAD (IT Asset Disposition) solutions area
- Industry-wide expansion of leasing handling volume against a backdrop of rising capital expenditure trends
- Securing earnings through portfolio replacement leveraging increased income from the sale of leased assets (¥450,792 million in the current period)
Risks
- Rising funding costs due to the Bank of Japan's policy rate hikes (funding costs and interest expense for the current period increased substantially to ¥41,228 million from ¥30,634 million in the prior period)
- Increased costs of responding to changes in the external environment, such as changes in lease accounting standards
- Downward pressure on operating profit from increased personnel expenses, property expenses, and credit costs
- Risk of fluctuation in capital expenditure demand arising from US trade/tariff policy and geopolitical risk
- Risk of impairment of investment assets, including goodwill
- Reliability risk to internal management processes, as indicated by the aggregation error in financial results figures (corrected this time)
Last updated: June 19, 2026