Execution of business alliance and capital alliance agreements and planned change in major shareholders
Orient Corporation, Muninova Holdings Inc., and Mizuho Bank
To consider collaboration that contributes to enhancing corporate value by leveraging the three companies’ strengths against the backdrop of advancing digitalization and increasingly diverse customer needs. The capital alliance is intended to realize the synergies from the business alliance quickly and to the fullest extent, and to ensure its effectiveness.
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.
Muninova Holdings Inc.: number of voting rights and number of shares held: –, ownership percentage: – (as of 31 March 2026). Mizuho Bank: 836,403 voting rights (83,640,319 shares), 48.79% (as of 31 March 2026).
Muninova Holdings Inc.: 257,147 voting rights (25,714,700 shares), 15.0%, ranked 2nd among major shareholders. Mizuho Bank: 579,256 voting rights (57,925,619 shares), 33.79%, ranked 1st among major shareholders. In both cases, the change is scheduled for 1 June 2026.
There is no change to the full-year consolidated earnings forecast for the fiscal year ending March 2027.
The capital and business alliances are scheduled to commence on 1 June 2026, when this share transfer will be completed. The impact on the Company’s consolidated results is immaterial, and there will be no change to the full-year consolidated earnings forecast for the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Event name | Execution of business alliance and capital alliance agreements and planned change in major shareholders |
| Date of occurrence | 15 May 2026 (execution of the business alliance and capital alliance agreements and resolution by the Board of Directors) |
| Date recognized / date notice received | 15 May 2026 (the date on which the Company’s Board of Directors resolved to execute the agreements) |
| Subject Entity | Orient Corporation, Muninova Holdings Inc., and Mizuho Bank |
| Cause | To consider collaboration that contributes to enhancing corporate value by leveraging the three companies’ strengths against the backdrop of advancing digitalization and increasingly diverse customer needs. The capital alliance is intended to realize the synergies from the business alliance quickly and to the fullest extent, and to ensure its effectiveness. |
| Impact on Earnings Forecast | There is no change to the full-year consolidated earnings forecast for the fiscal year ending March 2027. |
| Voting rights ownership percentage before the change | Muninova Holdings Inc.: number of voting rights and number of shares held: –, ownership percentage: – (as of 31 March 2026). Mizuho Bank: 836,403 voting rights (83,640,319 shares), 48.79% (as of 31 March 2026). |
| Voting rights ownership percentage after the change | Muninova Holdings Inc.: 257,147 voting rights (25,714,700 shares), 15.0%, ranked 2nd among major shareholders. Mizuho Bank: 579,256 voting rights (57,925,619 shares), 33.79%, ranked 1st among major shareholders. In both cases, the change is scheduled for 1 June 2026. |
| Outlook | The capital and business alliances are scheduled to commence on 1 June 2026, when this share transfer will be completed. The impact on the Company’s consolidated results is immaterial, and there will be no change to the full-year consolidated earnings forecast for the fiscal year ending March 2027. |
Items this document does not state (16)
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 enhance corporate value by combining the three companies’ customer bases, credit expertise, digital technologies, and expertise in installment payments and settlement services in response to the advancement of digitalization and increasingly diverse customer needs. The capital alliance is intended to realize the synergies from the business alliance quickly and to the fullest extent, and to ensure its effectiveness.