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Mizuho Leasing Company, Limited
(8425)
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Rating:61Neutral
Price Target:
¥1,435.00
▲(1.56% Upside)
Action:Downgraded
Date:05/16/26
The score is driven primarily by mid-range fundamentals: solid profitability and growth are tempered by high leverage and historically weak/volatile cash flow. Valuation is a clear positive (low P/E and healthy dividend), but technicals are weak with the stock below key moving averages and negative MACD, limiting the overall rating.
Positive Factors
Revenue and Profit Growth
FY2026 showed a step-up in top-line growth and higher net income, signaling durable demand for leasing and financing products. Sustained revenue acceleration improves earnings visibility, supports reinvestment and reserves, and underpins medium-term profitability even if cycles soften.
Negative Factors
High Absolute Leverage
The company's capital structure is highly geared, leaving limited buffer for credit losses or adverse funding shocks. High absolute debt raises refinancing and liquidity risk and constrains strategic flexibility, meaning shocks could quickly pressure earnings and capital ratios.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Growth
FY2026 showed a step-up in top-line growth and higher net income, signaling durable demand for leasing and financing products. Sustained revenue acceleration improves earnings visibility, supports reinvestment and reserves, and underpins medium-term profitability even if cycles soften.
Read all positive factors
Mizuho Leasing Company, Limited (8425) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥384.08B
Dividend Yield3.73%
Average Volume (3M)368.45K
Price to Earnings (P/E)6.9
Beta (1Y)0.66
Revenue Growth15.93%
EPS Growth16.92%
CountryJP
Employees2,434
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)169.98
Shares Outstanding282,666,300
10 Day Avg. Volume322,060
30 Day Avg. Volume368,446
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)0.91
Price to Sales (P/S)0.42
P/FCF Ratio25.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)190.5
Revenue Forecast (FY)¥754.20B
Mizuho Leasing Company, Limited Business Overview & Revenue Model
Company Description
Mizuho Leasing Company, Limited is a diversified financial services firm, specializing in comprehensive leasing solutions for both domestic Japanese and international markets. Its operations are primarily categorized into three segments: Leasing a...
How the Company Makes Money
Mizuho Leasing makes money primarily by providing financing tied to customer asset needs and earning returns from that financing over time. Key revenue drivers typically include: (1) Leasing and installment financing income: the company acquires o...
Mizuho Leasing Company, Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
57
Neutral
Cash Flow
41
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 921.59B | 695.42B | 656.13B | 529.70B | 554.81B |
| Gross Profit | 66.23B | 86.34B | 73.62B | 61.37B | 54.53B |
| EBITDA | 96.40B | 70.22B | 57.96B | 48.97B | 35.10B |
| Net Income | 47.61B | 42.04B | 35.22B | 28.40B | 14.90B |
Balance Sheet | |||||
| Total Assets | 4.18T | 3.90T | 3.36T | 2.95T | 2.75T |
| Cash, Cash Equivalents and Short-Term Investments | 566.71B | 507.77B | 420.38B | 356.70B | 265.19B |
| Total Debt | 3.40T | 3.30T | 2.86T | 2.56T | 2.39T |
| Total Liabilities | 3.72T | 3.50T | 3.03T | 2.68T | 2.52T |
| Stockholders Equity | 428.08B | 382.88B | 308.90B | 262.76B | 219.44B |
Cash Flow | |||||
| Free Cash Flow | 15.53B | -399.94B | -195.78B | -119.63B | -70.83B |
| Operating Cash Flow | 26.44B | -393.32B | -192.21B | -117.82B | -68.50B |
| Investing Cash Flow | -116.01B | -53.18B | -51.97B | -17.11B | -27.71B |
| Financing Cash Flow | 146.37B | 457.13B | 266.52B | 143.52B | 99.81B |
Mizuho Leasing Company, Limited Technical Analysis
Positive
1413.00
Price Trends
1289.92
Positive
1345.24
Positive
1354.43
Positive
Market Momentum
13.53
Negative
59.34
Neutral
27.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8425, the sentiment is Positive. The current price of 1413 is above the 20-day moving average (MA) of 1326.80, above the 50-day MA of 1289.92, and above the 200-day MA of 1354.43, indicating a bullish trend. The MACD of 13.53 indicates Negative momentum. The RSI at 59.34 is Neutral, neither overbought nor oversold. The STOCH value of 27.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8425.
Mizuho Leasing Company, Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥6.68T | 16.01 | 10.13% | 2.39% | 15.72% | 29.92% | |
62 Neutral | ¥2.11T | 13.04 | 8.64% | 3.20% | 5.96% | 19.95% | |
62 Neutral | ¥13.36B | 9.06 | ― | 3.57% | 10.00% | 9.99% | |
61 Neutral | ¥384.08B | 6.89 | ― | 3.65% | 15.93% | 16.92% | |
60 Neutral | ¥190.58B | 18.39 | 7.85% | 3.66% | 83.65% | 4.34% | |
60 Neutral | ¥207.14B | 16.39 | ― | 3.30% | 7.70% | -19.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8425
Mizuho Leasing Company, Limited
1,356.00
192.31
16.53%
JP:8511
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19.58%
Mizuho Leasing Company, Limited Corporate Events
Mizuho Leasing Injects ¥1.08 Billion Into Restricted Stock Benefit Trust
Jul 30, 2026
Mizuho Leasing Company, Limited has approved an additional cash contribution to its Stock Benefit Trust Board Benefit Trust-Restricted Stock plan, designed to provide share-based benefits to eligible stakeholders. The move underscores the company&...
Mizuho Leasing Delivers Profit Surge in First Quarter, Confirms Full-Year Outlook and Dividend Plan
Jul 30, 2026
Mizuho Leasing reported strong earnings for the three months ended June 30, 2026, with profit attributable to owners of the parent climbing 52.7% year-on-year to ¥23.3 billion despite a 4.4% decline in net sales to ¥209.9 billion. Operat...
Mizuho Leasing Reviews Impact After Quake Damage at Aeon Mall Kumamoto
Jul 29, 2026
Mizuho Leasing reported that Aeon Mall Kumamoto, a property in Kumamoto Prefecture held through trust beneficiary rights by its consolidated subsidiary ML Estate, suffered casualties and partial building damage following an explosion triggered by ...
Mizuho Leasing Raises JPY 25 Billion via AA-Rated Unsecured Bonds in Japan
Jul 23, 2026
Mizuho Leasing Company, Limited has decided to issue its 36th and 37th series of unsecured straight corporate bonds in the Japanese market to strengthen its funding base. The issuance, targeting institutional and other public investors in Japan, u...
Mizuho Leasing Raises ¥45.9 Billion via Non‑Voting Class A Share Issuance to Mizuho Financial Group
Jul 1, 2026
Mizuho Leasing Company, Limited has completed payment procedures for the issuance of 32 million non‑voting Class A shares to Mizuho Financial Group via a third‑party allotment, raising an estimated ¥45.89 billion in net proceeds. ...
Mizuho Leasing Outlines Ties to Controlling Shareholders and Planned Ownership Shift
Jun 25, 2026
Mizuho Leasing disclosed its relationships with key controlling shareholders, noting that Mizuho Financial Group holds 23.62% and Marubeni 20.03% of its voting rights as of March 31, 2026, making the company an equity-method affiliate of both. It ...
Mizuho Leasing Corrects Cash Flow Figures in FY2026 Results
Jun 4, 2026
Mizuho Leasing Company, Limited has corrected errors in its previously released consolidated financial results for the fiscal year ended March 31, 2026, specifically in the consolidated statements of cash flows. The company identified aggregation ...
Mizuho Leasing Lifts Stake in TRE HOLDINGS to Just Over 10%
May 20, 2026
Mizuho Leasing has completed the acquisition of an additional 3,213,200 common shares of TRE HOLDINGS CORPORATION, bringing its total stake to 4,791,600 shares, or 10.06% of voting rights. The shares were obtained on May 20, 2026 through an off-ma...
Mizuho Leasing Launches J-ESOP to Align Managers With Shareholders
May 14, 2026
Mizuho Leasing Company, Limited has approved the introduction of a Japanese employee stock ownership plan (J-ESOP) that will grant company shares as incentives to qualifying managerial employees. The scheme supplements an existing performance-link...
Mizuho Leasing to Issue ¥46 Billion in Non‑Voting Shares and Reshape Key Alliances
May 14, 2026
Mizuho Leasing plans to create a new class of non-voting Class A shares via an amendment to its Articles of Incorporation and to issue 32 million of these shares to Mizuho Financial Group through a third-party allotment, raising an estimated ¥...
Mizuho Leasing Sets 2028 Plan to Accelerate Transformation and Boost Profitability
May 14, 2026
Mizuho Leasing has unveiled its Medium-Term Management Plan 2028, a three-year roadmap from fiscal 2026 to 2028 aimed at accelerating its transformation into a platform company that co-creates value with customers. Building on its previous plan, t...
Mizuho Leasing Lifts Year-End Dividend, Boosts Annual Payout to ¥51 Per Share
May 14, 2026
Mizuho Leasing Company, Limited has approved an increase in its year-end dividend from surplus for the fiscal year ended March 31, 2026, raising the payout to ¥26 per share, ¥1 higher than its previous forecast, with the distribution sub...
Mizuho Leasing Lifts Earnings and Dividend, Maps Alliance-Driven Growth for FY 2027
May 14, 2026
Mizuho Leasing reported a 32.5% year-on-year jump in net sales to ¥921.6 billion for the fiscal year ended March 31, 2026, while operating profit declined 8.8% and ordinary profit slipped 1.9%, but profit attributable to owners of the parent ...
Mizuho Leasing Launches J-ESOP to Align Managers With Shareholder Value
May 14, 2026
Mizuho Leasing Company, Limited has approved the introduction of a Japanese employee stock ownership plan, or J-ESOP, to grant company shares as incentives to eligible managerial employees. The scheme complements its existing performance-linked st...
Mizuho Leasing to Issue ¥46bn in Class A Shares and Reshape Shareholder Alliances
May 14, 2026
Mizuho Leasing plans to create a new class of non-voting Class A shares and issue 32 million of them to Mizuho Financial Group via a third-party allotment, raising an estimated ¥45.89 billion to strengthen its capital base. The move requires ...
Mizuho Leasing Unveils 2028 Plan to Accelerate Transformation and Growth
May 14, 2026
Mizuho Leasing has approved its Medium-Term Management Plan 2028, a three-year program from fiscal 2026 to 2028 that builds on its prior transformation efforts to become a platform company co-creating value with customers. The plan aims to acceler...
Mizuho Leasing Raises Year-End Dividend, Signals Stronger Shareholder Returns
May 14, 2026
Mizuho Leasing Company, Limited has approved a year-end dividend of ¥26 per share for the fiscal year ended March 31, 2026, raising the payout by ¥1 from its latest forecast and bringing the total annual dividend to ¥51 per share wh...
Mizuho Leasing Lifts Profit and Dividend as It Prepares Strategic Capital Tie-Ups
May 14, 2026
Mizuho Leasing reported a 32.5% year-on-year increase in net sales to ¥921.6 billion for the fiscal year ended March 31, 2026, while operating profit fell 8.8% and ordinary profit dipped 1.9%, but profit attributable to owners of the parent r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.