Notice Regarding Additional Acquisition of Shares in Consolidated Subsidiary Mizuho RA Leasing Pvt. Ltd.

Mizuho Leasing Co., Ltd. (hereinafter "Mizuho Leasing") hereby announces that it has additionally acquired 6.2% of the shares of its consolidated subsidiary, Mizuho RA Leasing Pvt. Ltd. (hereinafter "MRA", located in Mumbai, India, unlisted), from existing shareholders, as detailed below.

1. Background of Share Acquisition

Mizuho Leasing acquired 51.0% of MRA's shares from existing shareholders in June 2023, making it a consolidated subsidiary, and increased its shareholding ratio to 54.7% by subscribing to a capital increase in October of the same year. Furthermore, in August 2024, in response to the intention of existing external shareholders to sell their shares, Mizuho Leasing additionally acquired MRA shares, increasing its shareholding ratio to 87.6%.

Now, in response to the intention of the local management team to sell shares, an additional 6.2% of MRA shares have been acquired.

MRA and its wholly-owned subsidiary, Mizuho Capsave Finance Pvt. Ltd., provide diversified leasing solutions in fields such as IT equipment, office furniture, factory equipment, and medical equipment for major corporations and SMEs in India. They have a team of experienced leasing professionals and hold a top-tier share in India for equipment leasing.

Under its Medium-Term Management Plan 2025, Mizuho Leasing has been expanding its business fields in international operations through inorganic investments such as the acquisition of shares and additional investments in Mizuho RA Leasing (formerly Rent Alpha), as well as promoting collaborative business with Marubeni Corporation.

In the Medium-Term Management Plan 2028, Mizuho Leasing will further accelerate collaboration with Mizuho and Marubeni Corporation to steadily capture overseas growth.

2. Overview of MRA

Company Name: Mizuho RA Leasing Pvt. Ltd.

Location: Mumbai, India

Representatives: Mitsuhiro Sakamoto (Chairman), Jinesh Jain (CEO)

Year Established: 2013

Business Activities: Leasing of IT equipment, office furniture, factory equipment, etc. for corporations

3. Number of Shares Acquired, Acquisition Cost, and Shareholding Status Before and After Acquisition

(1) Number of shares owned by the Company before the change: 267,199 shares (87.6%)

(2) Number of shares acquired: 18,897 shares (6.2%)

(3) Number of shares owned by the Company after the change: 286,096 shares (93.8%)

*The acquisition cost of the consolidated subsidiary shares to be additionally acquired is not disclosed due to confidentiality obligations stipulated in the share transfer agreement.

4. Date of Share Acquisition

June 2026

5. Impact on Performance

There is no change to the full-year earnings forecast announced at this time due to this matter.

[MRA Management]

From left: Mitsuhiro Sakamoto (Chairman), Jinesh Jain (CEO)

[Reference Materials]

Medium-Term Management Plan 2028

URL: https://www.mizuho-ls.co.jp/ja/ir/mid_term.html

[Contact Information]

Mizuho Leasing Co., Ltd. Corporate Planning Department

2-2-3 Toranomon, Minato-ku, Tokyo 105-0001

TEL 03-5253-6540