March 10, 2023
To whom it may concern,
Company name:

Mizuho Leasing Company, Limited

Representative:

President and CEO

Shusaku Tsuhara(Code number: 8425 Tokyo Stock Exchange Prime Market)
Contact:

General Manager ofCorporate Planning
Department

Phone:+81-3-5253-6511

Takashi Fujihara

Announcement Regarding Change of Representative Directors,
Change of Officers, Personnel Change, and Organizational Change
Mizuho Leasing Company, Limited (the “Company”) hereby announces that on March 10, 2023, its Board ofDirectors informally decided on the following change of Representative Directors, change of officers, and personnelchange, as well as passed a resolution on the following organizational changes.
1. Changes of Representative Directors(1) Details of changes (effective as of April 1, 2023)
Name(New position)(Current position)

Shusaku Tsuhara

Director and Chairman
Chairperson of the Board of Directors

President and CEO

Akira Nakamura

President and CEO

Deputy President
Deputy President Executive Officer

Senior Managing Director
Deputy President
Senior Managing Executive Officer
Deputy President Executive Officer
CFO
CFO(Areas of responsibility:CSO
Hiroshi Nagamine
Corporate Communications Department,
Chief Sustainability OfficerAccounting Department, Treasury
Chief of Strategic Planning Group
Department, International Administration
Chief of Financial Control & Accounting Group
Department, International Business
Chief of Global Business Headquarters
Promotion Department)(2) Reason for changes
The Company aims to further promote the separation of management supervision and executive functions,reinforce the management base, and further expand new business domains through the new officers structure.

(3) Names and career summaries of Representative Directors
New position:

President and CEO

Name:

Akira Nakamura

Date of birth:

November 11, 1960

Education:

March 1985Graduated from the Faculty of Economics, the University of Tokyo

Career:April 2011

General Manager of Nihonbashi Corporate Banking Division of Mizuho
Corporate Bank, Ltd.

April 2013

Executive Officer, General Manager of Corporate Banking Coordination
Division (Large Corporations) of Mizuho Financial Group, Inc.

April 2015

Managing Executive Officer of Mizuho Securities Co., Ltd.

April 2016

Managing Executive Officer of Mizuho Financial Group, Inc.

April 2018

Senior Managing Executive Officer, Head of Corporate & Institutional
Company of Mizuho Financial Group, Inc.

April 2019

Deputy President & Executive Officer, Head of Corporate & InstitutionalDivision of Mizuho Bank, Ltd.

April 2020

Deputy President Executive Officer, CRO of the Company

June 2021

Deputy President, Deputy President Executive Officer, CFO of the Company

April 2022

Deputy President, Deputy President Executive Officer of the Company(present position)

Number of the Company’s shares owned: 700 shares (as of March 10, 2023)

New position:

Deputy President, Deputy President Executive Officer, CFO, CSO, Chief Sustainability Officer

Name:

Hiroshi Nagamine

Date of birth:

May 16, 1964

Education:

March 1988

Graduated from the Faculty of Law, the University of Tokyo

Career:July 2011

General Manager of Aoyama Branch Division II of Mizuho Bank, Ltd.

April 2014

General Manager of Corporate Banking Division No. 13 of Mizuho Bank, Ltd.

April 2016

Executive Officer, Joint Head of Europe, Middle East and Africa of Mizuho
Bank, Ltd.

April 2017Managing Executive Officer, Head of Europe, Middle East and Africa ofMizuho Financial Group, Inc.

April 2020

Senior Managing Executive Officer, Head of Europe, Middle East and Africaof Mizuho Financial Group, Inc.

May 2020

Senior Managing Executive Officer, Head of Global Corporate Company,
Deputy Head of Global Products Unit of Mizuho Financial Group, Inc.

April 2021

Senior Managing Executive Officer, CRO of the Company

June 2022

Senior Managing Director, Senior Managing Executive Officer, CFO of theCompany (present position)

Number of the Company’s shares owned: 100 shares (as of March 10, 2023)

2. Changes of Directors (effective as of April 1, 2023)
Name(New position)(Current position)
Managing Director
Senior Managing Director
Managing Executive Officer
Senior Managing Executive Officer(Areas of responsibility:
Takanori Nishiyama Chief of Business Promotion Headquarters
Business Promotion Department, Solution
Chief of Circular Society Platform
Promotion Department, Sales Departments
Headquartersand Branches)
Managing Director
Managing Executive Officer
Director
Chihiro Tokiyasu(Areas of responsibility:
Advisor to the Personnel Department
Personnel Department, General AffairsDepartment)
Managing Director
Managing Director
Managing Executive Officer
Managing Executive Officer
CRO
CSO
Toshiyuki Takahashi
CCO
Chief Sustainability Officer
Chief of Legal & Compliance Group(Areas of responsibility:
Chief of Risk Management Group
Corporate Planning Department, Corporate
Chief of Investment Headquarters
Communications Department (Deputy))
Chihiro Tokiyasu and Toshiyuki Takahashi will retire from directorship at the conclusion of the OrdinaryGeneral Meeting of Shareholders of the Company on June 27, 2023.
(New Director candidates)
Name
Toshiyuki Takezawa

Noboru Otaka

Responsibilities (as of April 1, 2023)
Managing Executive Officer
Chief of Human Resources & General Affairs
GroupManaging Executive Officer
CIO
Chief of IT Systems and Operations Group

Scheduled to be discussed at the Ordinary General Meeting of Shareholders of the Company on June 27,2023.

3. Changes of Executive Officers(1) Promotion (effective as of April 1, 2023)
Name(New position)

Toshiyuki Takezawa

Managing Executive Officer
Chief of Human Resources & GeneralAffairs Group

Hirohide Ishiyama

Kensuke Sato(Current position)
Executive Officer
On secondment
Director & Managing Executive
Officer of Mizuho Marubeni
Leasing Corporation

Managing Executive Officer
Executive Officer
Chief of Real Estate Headquarters
General Manager of Real Estate Business
General Manager of Real Estate Business
Coordination Department
Coordination Department
General Manager of Real Estate Business
General Manager of Real Estate Business
Department [No. 1]
Department [No. 1]
Managing Executive Officer
Executive Officer
Deputy Chief of Business Promotion
General Manager of Business Promotion
Headquarters
Department
General Manager of Business Promotion
General Manager of Innovation CoDepartment
Creation Department

(2) New appointment (effective as of April 1, 2023)
Name(New position)
Managing Executive Officer

Norio Sumi

(Areas of responsibility:Sales Departments and Branches)
Executive Officer

Takashi Fujihara

General Manager of Corporate Planning
Department
Executive Officer

Sachiko Komatsu

General Manager of Risk Management
Department

Taketo Imai

Hiroyuki Kudo

Masato Matsui(Current position)
Managing Executive Officer of Mizuho
Bank, Ltd.
Chief of Resource & Material Industry
Group
General Manager of Corporate Planning
Department

Senior General Manager of Risk
Management Department

Executive Officer

Executive Officer

General Manager of Corporate Business

Head of Area

Department (Metropolitan Area No. 3)

Mizuho Trust & Banking Co., Ltd.

Executive Officer

Senior General Manager of Nagoya

General Manager of Nagoya Branch

BranchExecutive Officer

Senior General Manager

On secondment

On secondment

President and CEO, ML Estate

President and CEO, ML Estate

Company, Limited

Company, Limited(3) Changes in responsibility (effective as of April 1, 2023)
Name(New position)
Managing Executive Officer

Katsuzumi Orihashi(Areas of responsibility:
Sales Departments and Branches)(Current position)
Managing Executive Officer(Areas of responsibility:
Sales Departments and Branches,
Stationed in Osaka)
Managing Executive Officer
CIO

Managing Executive Officer
Noboru Otaka

CIO
Chief of IT Systems and OperationsGroup(Areas of responsibility:Information System PlanningDepartment, System Department,
Business Administration Department,
Business Operations Department,
Operations Management Department,
Business Support Department)

Managing Executive Officer
CRO

Nobuhisa Zama

Managing Executive Officer
Chief of Credit Management Group

CCO(Areas of responsibility: Legal &Compliance Department, Credit Risk
Management Department, Risk
Management Department)

Managing Executive Officer

Masahiko Abe

Deputy Chief ofManaging Executive Officer

Circular Society Platform Headquarters(Areas of responsibility:(Areas of responsibility:Sales Departments and Branches)

Sales Departments and Branches)
Managing Executive Officer
Takashi Yamada(Areas of responsibility:
Sales Departments and Branches,Stationed in Osaka)
Managing Executive Officer

Yasuhiko Hashimoto

Chief of Transportation Headquarters
Deputy Chief of InvestmentHeadquarters

Managing Executive Officer(Areas of responsibility:
Sales Departments and Branches)

Managing Executive Officer(Areas of responsibility:
Sales Departments and Branches)

Managing Executive Officer

Kazuomi Funakawa

Deputy Chief ofManaging Executive Officer

Circular Society Platform Headquarters

General Manager of Environmental

General Manager of Environmental

Energy Business Department

Energy Business Department

Toru Mukojima

Executive Officer

Executive Officer

General Manager of DX Business

General Manager of Solution Promotion

Department

Department

Executive Officer
Masashi Takahata

Deputy CIO

Executive Officer

Deputy Chief of IT Systems andDeputy CIO

Operations Group(4) Retirement of Executive Officers (effective as of March 31, 2023)
Name(New position)(Current position)
Executive Officer

Yoshiyasu Mizutomi

Resigned(Areas of responsibility:
special projects)
Executive Officer
On secondment

Kazuo Seki

Resigned

Managing Executive Officer ofMizuho-Toshiba Leasing Company,Limited
Executive Officer

Kenji Yoshida

ResignedGeneral Manager of Business
Administration Department

Yoshiyasu Mizutomi will assume the position of Advisor of the Company on April 1, 2023.
Kazuo Seki will continue to serve as Managing Executive Officer of Mizuho-Toshiba Leasing
Company, Limited after resigning as Executive Officer of the Company.
Kenji Yoshida will assume the position of Advisor of the Company on April 1, 2023, and the positionof auditor of ML Estate Company, Limited in June 2023.

4. Appointment of Senior General Manager (effective as of April 1, 2023)
NameTadayoshi Kishi

Ryutaro Kondo

Mitsuhiro Sakamoto

Terumi Kita

Kenji Akiyama

Masayuki Ando

Kiichi Masui

Katsuya Noto

(New position)(Current position)

Senior General Manager of Legal &General Manager of Legal & Compliance

Compliance Department

Department

Senior General Manager of Accounting

General Manager of Accounting

Department

Department

Senior General Manager of International

General Manager in charge ofAdministration Department

International Administration Department

Senior General Manager of Circular

General Manager of Equipment

Economy Promotion Department

Management Department

Senior General Manager of Medical &Healthcare Department

General Manager of Sendai Branch

Senior General Manager of AviationGeneral Manager of Aviation BusinessBusiness Department

Department

Senior General Manager of Real Estate

General Manager of Real Estate BusinessBusiness Department [No. 2]

Department [No. 2]

Senior General Manager of Finance

General Manager of Finance BusinessBusiness Department

Department

Kazunaga Ueno

Fumiaki Naito

Senior General Manager of Corporate

General Manager of Corporate BusinessBusiness Department (No. 2)

Department (No. 2)

Senior General Manager of Hiroshima
BranchSenior General Manager

Tsuyoshi Yokota

On secondment
Director and Executive Vice President ofGeneral Manager of Hiroshima Branch

On secondment
Director and Executive Vice President of
Krungthai Mizuho Leasing Co., Ltd.

Krungthai Mizuho Leasing Co., Ltd.
Senior General Manager
Noriharu Naoi

On secondment
Mizuho-Toshiba Leasing Company,
LimitedSenior General Manager
Deputy General Manager of Corporate

Yuzo Take

Planning Department
General Manager of Group Company
Management Division
Senior General Manager
Deputy General Manager of Accounting

Takuo Nishitani

Department
General Manager of Financial Planning
DivisionOn secondment
Mizuho-Toshiba Leasing Company,
LimitedDeputy General Manager of Corporate
Planning Department
General Manager of Group Company
Management Division

Deputy General Manager of Accounting
Department
General Manager of Financial Planning
Division

5. Organizational changes (effective as of April 1, 2023)(1) Introduction of the structure

Business Units and Groups

 In view of the rapid expansion of the Company’s business domains, the Company will introduce thestructure of Business Units and Groups for the flexible execution of rapid and accurate decision-making,with the aim of achieving further business development and increasing its expertise in each businessdomain.
 With the introduction of this new structure, the Company will establish Business Units and Groups toundertake the planning, promotion, and administrative functions in each business domain.

(2) Strengthening the operating frameworks
 The Company will revise each operating framework from the perspective of development to respond tothe clients’ needs and further strengthen its efforts to solve the business issues and to co-create values.
(i) Framework for new business development
The new product development function of the Solution Promotion Department will be integrated into
the Innovation Co-Creation Department. After the integration, the Innovation Co-Creation Department

will take the lead in further strengthening the new business development initiatives.
(ii) Framework for vendor financing and subscription business
The subscription business promotion function of the Solution Promotion Department will be integrated
with the DX Business Department, Construction Equipment Department, and Automobile TransportEquipment Department, which are departments specializing in different types of equipment.
The integrated DX Business Department will play a central role in deepening the Company’sspecialization in each type of equipment and further strengthening its initiatives for vendor financing
and subscription business that utilize DX.
Meanwhile, the Solution Promotion Department will be progressively dissolved in line with thechanges of (i) and (ii) above.

(3) Establishment of the Digital Promotion Department
 The Company will establish the Digital Promotion Department as a dedicated department to undertake
research into the latest digital technologies and pursue new business creation through collaboration withall internal and external stakeholders.

(4) Establishment of the Client Services Department
 The Company will restructure the Operations Management Department and the Business Support
Department to establish the new Client Services Department, with the aim of further enhancing its
business support and administrative framework.

(5) Establishment of the Next-generation Systems Promotion Division under the Information System
Planning Department The Company will establish the Next-generation Systems Promotion Division under the Information
System Planning Department as an organization charged with the overall promotion and administrationof its study project for the transition to next-generation systems in the future.

(6) Establishment of the Products Credit Risk Management Division under the Credit Risk ManagementDepartment
 The Company will establish the Products Credit Risk Management Division under the Credit Risk
Management Department in need of even more sophisticated credit risk management functions due tofactors such as the expansion of the Company’s business domains and the diversification of operating
assets.

(7) Reorganization of the Equipment Management Department into the CE Promotion Department
 With the growing social momentum towards resource recycling and decarbonization, the Company
regards the circular economy (CE) as a key area to focus its efforts on.

 The Company will reorganize the Equipment Management Department into the CE Promotion
Department with the aim of strengthening its initiatives to achieve CE, in addition to continuing toappropriately dispose of properties, etc. for which the lease has expired.

6. Discussion over a new Mid-term Management PlanDramatic changes in the social and economic environment are making issues faced by the Company’sclients increasingly diverse and complex, and it is becoming more important than ever to address social
issues through corporate activities. In this context, the roles of financial institutions and leasing companies
are taking on an ever-greater social significance. As a result, the Company's business domains areanticipated to undergo further expansion. At the same time, the Company is aware of the need to revise its
strategies to resolve both social challenges and its clients’ issues and to enable a constant growth making afurther leap forward with its clients.
Based on this awareness, the Company has decided to conclude the current Mid-term Management Plan
one year ahead of schedule. We have started discussing the formulation of a new Mid-term Management
Plan commencing from the fiscal 2023 to establish our long-term vision and direction and set forth specificstrategies and initiatives to achieve them.
The organizational change presented above is made in anticipation of initiatives under the new Mid-termManagement Plan currently being discussed. The Company will disclose the details of the new plan in May
2023.
End