April 25, 2024
To whom it may concern,Mizuho Leasing Company, LimitedConclusion of Capital and Business Alliance Agreement with Gecoss Corporation

We are pleased to announce that Mizuho Leasing Company, Limited (hereinafter the “Company”) andGecoss Corporation (hereinafter “Gecoss”) have agreed to form a capital and business alliance(hereinafter the “Capital and Business Alliance”) and have concluded a capital and business allianceagreement, effective April 25, 2024, on the condition that the Company will acquire 6,760,000 commonshares (ratio of voting rights: 20.03% (rounded off to the second decimal place)) of Gecoss (hereinafterthe “Share Acquisition”) from JFE Steel Corporation (hereinafter “JFE Steel”) and JFE ComService Co.,
Ltd. (hereinafter “JFE ComService”). We would also like to announce that the Company has concluded ashare transfer agreement with JFE Steel and JFE ComService, effective April 25, 2024.
As a result of the acquisition of shares, Gecoss is scheduled to become an equity-method affiliatedcompany of the Company.
1. Reason for the Capital and Business Alliance
The Company provides a broad variety of financial- and business-related services by leveraging itsexpertise in goods, deep understanding in sales channels, and advanced financial knowhow. Under theMedium-Term Management Plan 2025 announced on May 12, 2023, we aim to make the great leap
from a leasing company by integrating new business strategies that correspond to clients’ advanced
business models, our Group’s initiatives in focus areas, and the strategic initiatives implemented
through cooperation with alliance partners, to evolve into to a multi-solution platformer that enables
clients to tackle social and business challenges by providing solutions beyond traditional financing toco-create value as a partner.
Gecoss caters to a broad range of construction industry needs and contributes to building a safe andsecure society through its heavy temporary construction business (i.e., lease and sales of temporary
construction materials and design and implementation of temporary construction work) and construction
machinery business (i.e., lease of construction machinery). In addition, Gecoss is working on expandingin areas such as machined items and temporary bridges primarily in its domestic heavy temporary
construction business, entering the overseas heavy temporary construction business, andstrengthening its construction machinery business. Moving forward, it aims to achieve business area

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expansion and profitability growth by accelerating these initiatives and taking steps to enter new growthareas.
Following our discussions with Gecoss, aimed at fully capitalizing on our respective strengths andbusiness foundations to strengthen our existing businesses as well as creating new business
opportunities by leveraging our respective knowhow and infrastructure, we agreed that we could build
a relationship that would contribute to raising the corporate value of both companies by combining ourstrengths and promoting cooperation. We believe we can generate synergy by leveraging ourCompany’s broad knowledge in goods, deep understanding in sales channels, and advanced financial
knowhow, Gecoss’ knowledge and business network that it has accumulated over the years through its
heavy temporary construction business and construction machinery business, and cooperation withJFE Group members, as well as by complementing one another.
Furthermore, we believe that by utilizing our respective resources and business foundations, we will beable to expand into new domains in which we have hitherto not been involved and enter businesses
that contribute to addressing a variety of social issues anticipated in the future.
To ensure smooth implementation of the Capital and Business Alliance, we plan to send an outside
director to Gecoss, on the condition that the Share Acquisition is executed and approval is given inGecoss’ general meeting of shareholders.
2. Content of the Capital and Business Alliance
The currently envisioned areas and content of our business alliance are as follows. We will holddiscussions with Gecoss to promptly establish the specific content and implementation method of theCapital and Business Alliance, with the aim of realizing the effects of the alliance as soon as possible.
(1) Cooperation in the heavy temporary construction business and construction machinery business(2) Cooperation in overseas business(3) Cooperation in new areas where our respective knowhow, infrastructure, etc., can be utilized(4) Mutual exchange of human resources23. Overview of the Capital and Business Alliance partner(1)

NameGecoss Corporation(2)

Location

5-1 Koraku 2-chome, Bunkyo-ku, Tokyo(3)

Name and title ofrepresentative(4)

Business activities

Yoshiyuki Nobusa, President and CEO- Lease and sales of temporary steel materials for construction work,
such as H-shaped steel, steel sheet piles, steel earth-retaining
materials, road deck panels, and steel floor plates- Production, machining, and sales of machined items (products), suchas steel segments and H-shaped supports- Lease, sales, and construction of temporary bridges- Lease of construction machinery, aerial work vehicles, etc.
- Design and implementation of pile punching work, earth-retainingstructure installation/dismantling work, soil cement column wallconstruction work, etc.

(5)

Capital4,398 million yen(6)Date of establishment

June 20, 1968

4. Overview of the Share Acquisition counterparty (JFE Steel)
(1)

Name

JFE Steel Corporation(2)

Location

2-3 Uchisaiwaicho 2-chome, Chiyoda-ku, Tokyo(3)

Name and title ofrepresentative

Masayuki Hirose, President and CEO(4)

Business activities

Manufacture and sales of steel products(5)

Capital239,644 million yen(6)Date of establishment

April 1, 2003

5. Schedule(1) Date of capital and business alliance agreement (the Company –Gecoss)(2) Date of share transfer agreement (the Company – JFE Steel, theCompany – JFE ComService)(3) Execution date of share acquisition

April 25, 2024
April 25, 2024
May 10, 2024 (planned)

6. Outlook
The Capital and Business Alliance will not impact the financial results for FY2023. We will promptly
disclose any matters requiring disclosure that may arise in the future.
Contact information
Corporate Planning Department, Mizuho Leasing Company, Limited
2-6 Toranomon 1-chome, Minato-ku, Tokyo 105-0001
Phone: +81-3-5253-6540
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