Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — FY2025 Earnings Presentation
58 slides from Mizuho Leasing's earnings presentation, May 14, 2026
Slide 1: Full Year Results for FY2025 and Medium-Term Management Plan 2028
Full Year Results for FY2025 and Medium-Term Management Plan 2028 May ︎14, ︎2025 © ︎2026 ︎Mizuho ︎Leasing ︎Company, ︎Ltd.
Slide 2: CEO Message on the Medium-Term Management Plan 2028
CEO Overview of Summary for MTMP 2028: Capital Earnings and Financial Results Business Dividend Forecast CEO Message on the Medium-Term Management Plan 2028 Message for FY2025 MTMP 2028 Strategy Policy for FY2026 Mizuho Leasing changed its name from IBJ Leasing in 2019 and was relaunched as a leasin
Slide 3: Table of Contents
Table of Contents 1. Overview of Financial Results for FY2025 P.04 2. Medium-Term Management Plan P.13 3. Capital Policy P.39 4. Earnings Forecast and Dividend Forecast for FY2026 and Shareholder Return Policy P.43 5. Appendix P.48 3
Slide 4: 1. Overview of Financial Results for FY2025
1. Overview of Financial Results for FY2025 4
Slide 5: Summary for FY2025
CEO Overview of Summary for MTMP 2028: Capital Earnings and Financial Results Business Dividend Forecast 1. Summary for FY2025 Message for FY2025 MTMP 2028 Strategy Policy for FY2026 • Achieved a year-on-year increase in gross profit by offsetting higher funding costs with gross profit before fundin
Slide 6: Medium-Term Management Plan 2025: Progress Toward Financial Targets
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 2. Medium-Term Management Plan 2025：Progress Toward Financial Targets for FY2025 MTMP 2028 Strategy Policy for FY2026 • In FY2025, net income totaled ¥47.6 bn. Achieved the financial targ
Slide 7: Factors behind Changes in Net Income Attributable to Owners of the Parent
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 3. Factors behind Changes in Net Income Attributable to Owners of the Parent for FY2025 MTMP 2028 Strategy Policy for FY2026 Operating Ordinary (¥bn) Gross profit Net income income income
Slide 8: Funding
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 4. Funding for FY2025 MTMP 2028 Strategy Policy for FY2026 • Stabilized our funding structure by increasing the proportion of borrowings in line with growth in interest-bearing debt. Fund
Slide 9: Gross Profit and Operating Assets by Business Area
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 5. Gross Profit and Operating Assets by Business Area for FY2025 MTMP 2028 Strategy Policy for FY2026 • Domestic Leasing : Gross profit remained strong due to continued accumulation of qu
Slide 10: Equity in Earnings and Losses of Affiliates
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 6. Equity in Earnings and Losses of Affiliates (Non-operating Income and Expenses) for FY2025 MTMP 2028 Strategy Policy for FY2026 • Domestic Leasing : Steady performance, excluding the r
Slide 11: Business Portfolio Transformation Status
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 7. Business Portfolio Transformation Status for FY2025 MTMP 2028 Strategy Policy for FY2026 • Business portfolio transformation progressed smoothly, with FY2025’s revenue mix at 66% Core
Slide 12: Progress Toward Financial and Non-Financial Targets for FY2025
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast MTMP 2028 8. Medium-Term Management Plan 2025：Progress Toward Financial and Non-Financial Targets for FY2025 Strategy Policy for FY2026 • Financial targets : Targets for net income, opera
Slide 13: 2. Medium-Term Management Plan 2028
2. Medium-Term Management Plan 2028 i. Summary for the Medium-Term Management Plan 2028 ii. Business Strategy 13
Slide 14: i. Summary for the Medium-Term Management Plan 2028
2. Medium-Term Management Plan 2028 i. Summary for the Medium-Term Management Plan 2028 ii. Business Strategy 14
Slide 15: Changes in the External and Business Environments
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 1. Changes in the External and Business Environments for FY2025 MTMP 2028 Strategy Policy for FY2026 • Accurately grasp expected changes in the business environment based on the current e
Slide 16: Positioning of Medium-Term Management Plan 2028
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 2. Positioning of Medium-Term Management Plan 2028 for FY2025 MTMP 2028 Strategy Policy for FY2026 • To realize our vision, we positioned the next three-year period as one that will ensur
Slide 17: Strategic Policies of Medium-Term Management Plan 2028
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 3. Strategic Policies of Medium-Term Management Plan 2028 for FY2025 MTMP 2028 Strategy Policy for FY2026 Make the major leap from a leasing company to a platform company that co-creates
Slide 18: Accelerate Business Portfolio Transformation
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 4. Business Portfolio Transformation (ⅰ) for FY2025 MTMP 2028 Strategy Policy for FY2026 • A stage focused on shifting from asset-expansion-driven growth to a revenue structure that prior
Slide 19: Different Time Horizons
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 4. Business Portfolio Transformation (ⅱ) for FY2025 MTMP 2028 Strategy Policy for FY2026 • Each Headquarter has its own “sub-portfolio,” organizing businesses by time frame, and achieving
Slide 20: Building a Highly Adaptable Organization
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 5. Building an Adaptable Organization for FY2025 MTMP 2028 Strategy Policy for FY2026 • Build a resilient business foundation that is responsive to changes in the business environment • F
Slide 21: Recent Examples of Initiatives to Strengthen Organizational Capabilities
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 6. Recent Examples of Initiatives to Strengthen Organizational Capabilities for FY2025 MTMP 2028 Strategy Policy for FY2026 Strengthen Human Cultural Transformation Workforce Upskilling C
Slide 22: MTMP 2028: Financial and Non-Financial Targets
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 7. Medium-Term Management Plan 2028：Financial and Non-Financial Targets for FY2025 MTMP 2028 Strategy Policy for FY2026 • Financial: Added a new equity ratio to build a financial foundati
Slide 23: ii. Business Strategy
2. Medium-Term Management Plan 2028 i. Summary for the Medium-Term Management Plan 2028 ii. Business Strategy 23
Slide 24: Business Strategies of Each Headquarter
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 1. Business Strategies of Each Headquarter in the Medium-Term Management Plan for FY2025 MTMP 2028 Strategy Policy for FY2026 • Restructured the company into five headquarters* (hereinaft
Slide 25: Strategy of Business Promotion Headquarters (1)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 2. Strategy of Business Promotion Headquarters (1) for FY2025 MTMP 2028 Strategy Policy for FY2026 Our Vision/Strategy Financial Results and Forecasts (¥bn) HQ Revenue *1 HQ ROA*2 HQ ︎Ass
Slide 26: Strategy of Business Promotion Headquarters (2)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 2. Strategy of Business Promotion Headquarters (2) for FY2025 MTMP 2028 Strategy Policy for FY2026 <Mobility and Rental> <Circular Economy> ⚫ In collaboration with PCS and RENTALSYSTEM, b
Slide 27: Strategy of Real Estate Headquarters (1)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 3. Strategy of Real Estate Headquarters (1) for FY2025 MTMP 2028 Strategy Policy for FY2026 Our Vision/Strategy Financial Results and Forecasts (¥bn) HQ Revenue HQ ROA HQ Assets Become a
Slide 28: Strategy of Real Estate Headquarters (2)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 3. Strategy of Real Estate Headquarters (2) for FY2025 MTMP 2028 Strategy Policy for FY2026 Portfolio In-house Brand ⚫ Promote ︎portfolio ︎transformation ︎while ︎maintaining ︎a ︎certain ︎
Slide 29: Strategy of Environment and Energy Headquarters (1)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 4. Strategy of Environment and Energy Headquarters (1) for FY2025 MTMP 2028 Strategy Policy for FY2026 Our Vision/Strategy Financial Results and Forecasts (¥bn) HQ Revenue HQ ROA HQ Asset
Slide 30: Strategy of Environment and Energy Headquarters (2)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 4. Strategy of Environment and Energy Headquarters (2) for FY2025 MTMP 2028 Strategy Policy for FY2026 Topics Plan 2025 Plan 2028 ・Improve profitability through value enhancement of owned
Slide 31: Strategy of International Business Headquarters (1)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 5. Strategy of International Business Headquarters (1) for FY2025 MTMP 2028 Strategy Policy for FY2026 Our Vision/Strategy Financial Results and Forecasts (¥bn) HQ Revenue HQ ROA HQ Asset
Slide 32: Strategy of International Business Headquarters (2)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 5. Strategy of International Business Headquarters (2) for FY2025 MTMP 2028 Strategy Policy for FY2026 • Focus on new business opportunities in the United States, India, Australia, and ot
Slide 33: Strategy of Investment Headquarters (1)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 6. Strategy of Investment Headquarters (1) for FY2025 MTMP 2028 Strategy Policy for FY2026 Our Vision/Strategy Financial Results and Forecasts (¥bn) HQ Revenue HQ ROA HQ Assets Equity-dri
Slide 34: Strategy of Investment Headquarters (2)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 6. Strategy of Investment Headquarters (2) for FY2025 MTMP 2028 Strategy Policy for FY2026 Overseas Infrastructure Investment Initiatives FY2026 FY2027 and beyond Established the “Interna
Slide 35: Mizuho Group Alliance
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 7. Mizuho Group Alliance for FY2025 MTMP 2028 Strategy Policy for FY2026 • Deepen alliance with Mizuho group, one of the largest client bases in Japan, to expand target clientele and stre
Slide 36: Marubeni Alliance
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 8. Marubeni Alliance for FY2025 MTMP 2028 Strategy Policy for FY2026 • Established the “Cross-border M&A・Marubeni Collaboration Division,” accepting more Marubeni employees with internati
Slide 37: Inorganic Growth & Alliance Strategy
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 9. Inorganic Growth & Alliance Strategy for FY2025 MTMP 2028 Strategy Policy for FY2026 〔Inorganic ︎Investments ︎by ︎Business ︎Area〕 • In the Medium-Term Management Business Promotion Rea
Slide 38: Revenue Outlook for Each Business Headquarter
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 10. Revenue Outlook for Each Business Headquarter for FY2025 MTMP 2028 Strategy Policy for FY2026 • Strengthen collaboration by leveraging Mizuho group's customer base and Marubeni's dome
Slide 39: 3. Capital Policy
3. Capital Policy 39
Slide 40: Capital Increase by Third-Party Allotment Overview
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 1. Capital Increase by Third-Party Allotment Overview for FY2025 MTMP 2028 Strategy Policy for FY2026 1. To ensure appropriate compliance with U.S. financial regulations, including the U.
Slide 41: Impact and Effects of the Capital Increase by Third-Party Allotment
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 2. Impact and Effects of the Capital Increase by Third-Party Allotment for FY2025 MTMP 2028 Strategy Policy for FY2026 Although the capital increase may result in a temporary decline in c
Slide 42: Financial Targets – Capital Policy (Strengthen Equity Capital)
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 3. Financial Targets – Capital Policy (Strengthen Equity Capital) for FY2025 MTMP 2028 Strategy Policy for FY2026 Set Equity Ratio as a New Financial Target ◼ Used financial leverage to e
Slide 43: 4. Earnings and Dividend Forecast for FY2026 and Shareholder Return Policy
4. Earnings and Dividend Forecast for FY2026 and Shareholder Return Policy 43
Slide 44: Earnings Forecast for FY2026
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 1. Earnings Forecast for FY2026 for FY2025 MTMP 2028 Strategy Policy for FY2026 • Gross profit is expected to remain flat, absorbing the higher funding costs resulting from rising interes
Slide 45: Dividends for FY2025 and Dividend Forecast for FY2026
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 2. Dividends for FY2025 and Dividend Forecast for FY2026 for FY2025 MTMP 2028 Strategy Policy for FY2026 • FY2025: In addition to the two-yen dividend increase announced in November 2025,
Slide 46: Financial Targets – Shareholder Return Policy
Overview of Summary for MTMP 2028: Capital Earnings and CEO Message Financial Results Business Dividend Forecast 3. Financial Targets – Shareholder Return Policy for FY2025 MTMP 2028 Strategy Policy for FY2026 • Dividend payout ratio is expected to remain in the low 30% range, consistent with our ba
Slide 47: Initiatives to Increase Corporate Value
4. Initiatives to Increase Corporate Value Overview of Summary for MTMP 2028: Business Capital Earnings and CEO Message Financial Results Dividend Forecast (Achieving Management Conscious of Cost of Capital and Stock Price) for FY2025 MTMP 2028 Strategy Policy for FY2026 • Aim to maintain and enhanc
Slide 48: 5. Appendix
5. Appendix 48
Slide 49: Main News & Topics in FY2025 (1)
Main News & Topics in FY2025 (1) Date Contents Established ML ITAD Solutions Co., Ltd. as a consolidated subsidiary in partnership with Asset Associates Co., Apr. 11, Circular economy Ltd. 2025 — Promoting a circular economy for IT equipment through ITAD business Purchased shares of Nippon Steel Kow
Slide 50: Main News & Topics in FY2025 (2)
Main News & Topics in FY2025 (2) Date Contents Concluded a capital and business alliance with TRE HOLDINGS CORPORATION, acquiring additional shares Oct. 8, — Aim to strengthen existing businesses and create new ones by establishing the strategic partnerships in the circular Circular economy 2025 eco
Slide 51: Main News & Topics in FY2025 (3)
Main News & Topics in FY2025 (3) Date Contents Capital and Business Alliance with Star Asia Group LLC and Subscription to a Third-Party Allotment of Shares Feb. 26, (Conversion into an Equity-Method Affiliate) Real estate 2026 —Driving Growth Through the Expansion of Existing Real Estate Operations
Slide 52: Consolidated B/S (Assets)
Consolidated B/S (Assets) （¥bn） FY2021 FY2022 FY2023 FY2024 FY2025 Change % Change Current assets 2,166.7 2,279.7 2,378.1 2,542.5 2,602.4 +59.9 +2% Cash and deposits 25.3 34.0 56.7 68.1 88.9 +20.8 +31% Investment in lease 1,172.6 1,122.2 1,050.7 1,041.0 1,008.2 –32.8 –3% Installment sales receivable
Slide 53: Consolidated B/S (Liabilities and Equity)
Consolidated B/S (Liabilities and Equity) （¥bn） FY2021 FY2022 FY2023 FY2024 FY2025 Change % Change Current liabilities 1,548.4 1,573.5 1,715.2 1,991.9 1,986.5 –5.4 –0% Short−term borrowings 380.3 418.4 524.1 711.9 767.0 +55.1 +8% Current portion of corporate bonds 30.0 23.0 36.7 63.1 82.8 +19.7 +31%
Slide 54: Consolidated P/L
Consolidated P/L Gross （¥bn） FY2021 FY2022 FY2023 FY2024 FY2025 Change % Change Revenues 554.8 529.7 656.1 695.4 921.6 +226.2 +33% Gross profit before funding costs 62.1 72.3 91.2 112.3 123.1 +10.8 +10% Funding costs 7.6 10.9 17.6 26.0 34.2 +8.2 +32% Gross profit 54.5 61.4 73.6 86.3 88.9 +2.6 +3% Se
Slide 55: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income （¥bn） FY2021 FY2022 FY2023 FY2024 FY2025 Change % Change Net income 15.5 29.4 37.1 44.9 48.9 +4.0 +9% Unrealized gain on 0.9 4.8 7.1 –3.0 1.7 +4.7 - available-for-sale securities Deferred gain/loss on derivatives –0.7 –0.5 –2.3 1.0 1.8 +0.8 +83% under
Slide 56: Gross Profit before Funding Costs by Business Area
Gross Profit before Funding Costs by Business Area （¥bn） FY2021 FY2022 FY2023 FY2024 FY2025 Change % Change Revenues 554.8 529.7 656.1 695.4 921.6 +226.2 +33% Leasing and installment sales 537.8 505.2 621.0 645.4 863.6 +218.2 +34% Finance 17.4 25.2 36.1 43.8 45.3 +1.5 +4% Other 1.0 1.3 1.7 8.9 14.8
Slide 57: Newly Executed Contract Volume by Business Area
Newly Executed Contract Volume by Business Area Leasing and Installment Sales Segment （¥bn） FY2023 FY2024 FY2025 Change % Change Information and communications 88.4 162.1 144.5 –17.6 –11% Real estate 332.9 493.4 490.1 –3.3 –1% Industry and factory 93.6 127.3 145.0 +17.7 +14% Transport equipment 34.4
Slide 58: Contact
Contact Investor Relations Division Financial Planning Department Mizuho Leasing Company, Limited Tel: +81-3-5253-6560 This document contains forecasts and other forward−looking statements that are based on information available at the time of preparation of this document and subject to certain risk
Mizuho Leasing Company — FY2025 Earnings Presentation on 6ix