August 1, 2024
TAKEEI CORPORATION
ML Shoji Company, Limited
REVER CORPORATION

Establishment of METREC Co., Ltd.: Creating the Future of Resource Recycling andEnvironmental Conservation— Taking on New Challenges through a Joint Venture between TAKEEI, ML Shoji, and REVER —TAKEEI CORPORATION, ML Shoji Company, Limited, and REVER CORPORATION today announced
the establishment of joint venture METREC Co., Ltd.
1. Objectives of the Joint Venture
In November 2022, TRE HOLDINGS CORPORATION and Mizuho Leasing Company, Limited
reached a basic agreement to establish a business scheme aimed at promoting the circular economy.
In August 2023, Mizuho Leasing strengthened this cooperation by making a capital investment in TRE
HOLDINGS. The aim of this alliance is to address the social challenges of building an efficient recycling
society and promote a carbon-neutral society by leveraging knowledge, technologies, human resources,
trust, networks, and other resources possessed by both companies to jointly promote waste recycling
and related businesses.
Further, in recent years, as more advanced management decisions are required in the age ofVUCA*¹, there is a need to rapidly consolidate and reorganize facilities owned by companies and otherorganizations, while maintaining an awareness of resource recycling and environmental conservation.
At the same time, companies face difficulties in consolidating or closing facilities due to a labor shortagein the construction industry and the need to comply with stricter environmental standards.
To resolve these issues, TRE HOLDINGS and Mizuho Leasing have established the joint venture
METREC Co., Ltd. through their subsidiaries.
METREC is proactively addressing mounting environmental challenges and aims to resolve theabove issues that companies are currently facing. Specifically, by leveraging Mizuho’s network ofindustries and TRE Group’s capabilities*2 and networks, METREC will provide comprehensive
proposals and support for issues related to clients’ waste and resource recycling. Additionally, METREC
will handle environmental measures, equipment removal, structural demolition, recycling, and waste
disposal that arise when plants and facilities are consolidated or closed.
ML Shoji was established in 1972 as a wholly owned subsidiary of Mizuho Leasing, and is mainly
engaged in the purchase of idle and used equipment, equipment appraisals, and other related services.
Mizuho Leasing, in line with its vision of “Be a creator of a sustainable world” has identified “contributing
to a carbon-neutral society” and “leading toward a circular economy” as priority issues (materialities).
Under its Medium-Term Management Plan 2025, the company is also focusing on circular economy
1initiatives.
TAKEEI was founded in 1967 and is a corporate group engaged in construction waste recycling
and renewable energy businesses, mainly in the Tokyo metropolitan area. Founded in 1904, REVER isa comprehensive recycling company that handles scrap metal, end-of-life vehicles, used home
appliances, and industrial waste, among other items. In October 2021, TAKEEI and REVER establishedthe joint holding company TRE HOLDINGS, which strives to resolve environmental issues on a global
scale under its corporate philosophy, “committed to the conservation of the global environment.”
The company name METREC is made up of the initial letters of the words Material, Environment,
Traceability, Recycle, Energy, and Circularity, symbolizing the two groups' commitment to resource
circulation, environmental conservation, and carbon-neutrality.
*1: Acronym for Volatility, Uncertainty, Complexity, and Ambiguity, referring to a rapidly changing and difficult to predictsituation.
*2: Refers to “organizational capabilities of the entire company” and “organizational strengths constituting a competitiveadvantage.”

2. Business Model

3. Company Overview
Name

METREC Co., Ltd.

Head Office

Shiba Park Building A-2F, 2-4-1 Shibakouen, Minato-ku, Tokyo

Business・

Equipment and structure removal, proposal and implementation ofenvironmental measures・Proposal and implementation of recycling and waste disposal

Capital¥300 million (TAKEEI: 36.6%, ML Shoji: 33.4%, REVER: 30.0%)

Representative

Yoji Koike

Established

August 1, 2024

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From left to right: Hideki Inohana, Director (REVER); Yoji Koike, Representative Director (TAKEEI);
Kensuke Sato, Director (Mizuho Leasing); and Yuki Watanabe, Director (TAKEEI)

Contact:■ TAKEEI CORPORATION, Corporate Planning Division
Shiba Park Building A-10F, 2-4-1 Shibakouen, Minato-ku, Tokyo 105-0011
TEL +81 (0)3-6361-6871■ Mizuho Leasing Company, Limited, Corporate Planning Department
1-2-6 Toranomon, Minato-ku, Tokyo 105-0001
TEL +81 (0)3-5253-6540■ REVER CORPORATION, Corporate Planning Division
1-4-19 Midori, Sumida-ku, Tokyo 130-0021
TEL +81 (0)3-6365-1200

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