IBJ Leasing (former name; now Mizuho Leasing)

Wiki route

This entry sits under leasing-firms INDEX. Read it against Mizuho Leasing (the same company under its post-2019 name) and banking index for the broader system / regulatory boundary. As a Mizuho-side historical entity, read it together with Mizuho FG for parent-group context.

TL;DR

IBJ Leasing (興銀リース) was established in 1969 as a leasing company affiliated with the former Industrial Bank of Japan (IBJ). For many years, it operated as a leading leasing company in the Mizuho / former IBJ lineage. On 2019-04-01, the company changed its name to “Mizuho Leasing” → becoming Mizuho Leasing, and “IBJ Leasing” ceased to exist as a separate corporate name. This page is therefore a historical-entity + naming-transition note. For current business / financial information, refer to Mizuho Leasing.

1. Historical entity / name-change status

Source: Mizuho Leasing and Mizuho Financial Group (continuity from the former company, naming, and group relationships).

2. Name-change history & business lines (former)

The former IBJ Leasing coexisted within the Mizuho lineage as an upper-mid-tier leasing company with strengths in real estate, aircraft, and large-scale project finance, while partly overlapping in business scope with the Fuyo Group’s Fuyo General Lease. It inherited the former IBJ’s large-corporate / project-finance DNA and demonstrated particular strength in large transactions involving real estate, ships, aircraft, and overseas projects.

Principal former business areas:

• General equipment and industrial equipment leasing
• Real estate leasing and finance (large properties)
• Operating leases and JOL for aircraft and ships
• Overseas operations (mainly in Asia)
• Environmental and renewable-energy project finance

Background to the 2019-04 name change to Mizuho Leasing

• Leasing functions within Mizuho FG overlapped across IBJ Leasing + Fuyo General Lease and other companies, creating pressure for intra-group reorganization
• The IBJ Leasing → Mizuho Leasing name change (2019-04-01) formed part of Mizuho FG’s reorganization of its non-bank functions
• In 2024, Marubeni’s participation as a strategic shareholder in Mizuho Leasing was announced, advancing its evolution into a Mizuho-affiliated + trading-house-affiliated hybrid platform

3. Strategic significance of this transition

The former IBJ Leasing’s transition reflected Mizuho FG’s conclusion that there was little benefit in retaining multiple leasing subsidiaries. Meanwhile, the Fuyo Group’s Fuyo General Lease continues to operate in parallel as an independent listed company, so leasing consolidation within the broader Mizuho lineage remains incomplete.

This history is an important case for understanding Mizuho FG’s non-bank strategy: the process of combining the 3 legacies of the former IBJ, Fuji Bank, and Dai-Ichi Kangyo Bank.

In the context of acquisition finance in Japan, the former IBJ Leasing’s large-project expertise was carried forward by Mizuho Leasing and continues to be used in Mizuho-affiliated LBO / M&A finance.

4. Why this page matters

• Naming / search disambiguation: searches for “興銀リース” / “IBJ Leasing” can be directed to the current entity (Mizuho Leasing)
• An auxiliary node for understanding the former IBJ legacy, one of the 3 legacies within Mizuho FG
• A case from the leasing industry’s M&A / reorganization history
• Context for interpreting why Fuyo General Lease (Fuyo General Lease) was not combined with it and continues to operate in parallel within the broader Mizuho lineage

Related

• Mizuho Leasing
• Mizuho FG
• Fuyo General Lease
• Tokyo Century
• Mitsubishi HC Capital
• ORIX
• banking index
• acquisition finance in Japan

Sources

• Mizuho Leasing official corporate site (https://www.mizuho-ls.co.jp/) — the entity renamed from IBJ Leasing
• Mizuho Financial Group public information (https://www.mizuho-fg.co.jp/)
• Japan Leasing Association (JLA) statistics (https://www.leasing.or.jp/)
• Former IBJ Leasing historical IR information (before the name change)

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[!info] Verification status confidence: likely (based on public information 2026-05-24). This page is retained as a historical-entity + disambiguation note. For current business information, refer to Mizuho Leasing. The name change (IBJ Leasing → Mizuho Leasing) was completed on 2019-04-01.