Capital and business alliance with Sojitz Corporation, disposal of treasury shares and issuance of new shares through a third-party allotment, offering of shares, and changes in the major shareholder, other affiliated company and controlling shareholder other than a parent company
Japan Investment Adviser Co.,Ltd., Sojitz Corporation, ＪＰリースプロダクツ＆サービシイズ株式会社, and Shiroiwa Naoto (白岩直人)
Operating lease business, environmental energy business, real estate business, aircraft operating leases, and environmental energy and infrastructure business
Because strengthening the value chain from deal sourcing and operations through exit was deemed essential, and building a strategic partnership with Sojitz Corporation was determined to be the best approach.
Funds raised through the third-party allotment: ¥3,425,840,000; estimated issuance expenses: ¥22,000,000; estimated net proceeds: ¥3,403,840,000. The aggregate offering price of the shares offered for sale is ¥22,955,240,000.
Consolidated results for the fiscal year ending December 2026
The impact of this third-party allotment on the company's consolidated results for the fiscal year ending December 2026 is expected to be immaterial.
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
Sojitz Corporation: 4,000 voting rights (0.66%, as of 31 December 2025). Shiroiwa Naoto (白岩直人): 104,342 voting rights held directly (17.24%), 216,782 voting rights subject to aggregation, and 321,124 voting rights in total (53.07%, as of 22 May 2026; the denominator is the total number of voting rights as of 31 December 2025).
Sojitz Corporation: 123,914 voting rights (19.97%, expected as of 8 June 2026). Shiroiwa Naoto (白岩直人): 0 voting rights held directly (0%), 216,782 voting rights subject to aggregation, and 216,782 voting rights in total (35.83%, expected as of 8 June 2026).
The capital and business alliance is scheduled to commence on 8 June 2026, when payment for the third-party allotment and settlement of the share offering are also scheduled to take place. Through the collaboration under the capital and business alliance, the company aims to enhance corporate value over the medium to long term.
If any matters requiring disclosure arise in the future, the company will disclose them promptly.
| Item | Details |
|---|---|
| Event name | Capital and business alliance with Sojitz Corporation, disposal of treasury shares and issuance of new shares through a third-party allotment, offering of shares, and changes in the major shareholder, other affiliated company and controlling shareholder other than a parent company |
| Date of occurrence | 22 May 2026 (date of the Board of Directors' resolution and execution of the capital and business alliance agreement and share transfer agreement) |
| Subject Entity | Japan Investment Adviser Co.,Ltd., Sojitz Corporation, ＪＰリースプロダクツ＆サービシイズ株式会社, and Shiroiwa Naoto (白岩直人) |
| Target Locations / Products | Operating lease business, environmental energy business, real estate business, aircraft operating leases, and environmental energy and infrastructure business |
| Cause | Because strengthening the value chain from deal sourcing and operations through exit was deemed essential, and building a strategic partnership with Sojitz Corporation was determined to be the best approach. |
| Amount of Impact on Business Performance | Funds raised through the third-party allotment: ¥3,425,840,000; estimated issuance expenses: ¥22,000,000; estimated net proceeds: ¥3,403,840,000. The aggregate offering price of the shares offered for sale is ¥22,955,240,000. |
| Accounting period in which recognized | Consolidated results for the fiscal year ending December 2026 |
| Impact on Earnings Forecast | The impact of this third-party allotment on the company's consolidated results for the fiscal year ending December 2026 is expected to be immaterial. |
| Voting rights ownership percentage before the change | Sojitz Corporation: 4,000 voting rights (0.66%, as of 31 December 2025). Shiroiwa Naoto (白岩直人): 104,342 voting rights held directly (17.24%), 216,782 voting rights subject to aggregation, and 321,124 voting rights in total (53.07%, as of 22 May 2026; the denominator is the total number of voting rights as of 31 December 2025). |
| Voting rights ownership percentage after the change | Sojitz Corporation: 123,914 voting rights (19.97%, expected as of 8 June 2026). Shiroiwa Naoto (白岩直人): 0 voting rights held directly (0%), 216,782 voting rights subject to aggregation, and 216,782 voting rights in total (35.83%, expected as of 8 June 2026). |
| Outlook | The capital and business alliance is scheduled to commence on 8 June 2026, when payment for the third-party allotment and settlement of the share offering are also scheduled to take place. Through the collaboration under the capital and business alliance, the company aims to enhance corporate value over the medium to long term. |
| Planned follow-up disclosure | If any matters requiring disclosure arise in the future, the company will disclose them promptly. |
Items this document does not state (13)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To strengthen the value chain from deal sourcing and operations through exit, and to expand business opportunities and profitability by combining the two companies' expertise in structuring financial products, information networks and deal development capabilities. The company also aims to limit the dilution of existing shares that would result from issuing new shares alone and to take existing shareholders' interests into consideration.