Edited March 13, 2020 – It appears I jumped the gun and got the headline backwards as I incorrectly reported that Ricoh had acquired a leasing company. My apologies for any issues this error has caused. Ricoh did not acquire Mizuho Leasing Company as my previous headline reported. But rather, Mizuho has acquired shares in Ricoh Leasing. See full article below. My apologies again for my error. ~Andy Slawetsky
The following appears on marketscreener.com
Japan Exchange : Announcement Regarding Conclusion of Business Alliance Agreement with Ricoh Company, Ltd. and Ricoh Leasing Company, Ltd.
March 11, 2020
To whom it may concern,
|Company name:||Mizuho Leasing Company, Limited|
|Representative:||President and CEO Hiroshi Motoyama|
|(Code number: 8425 Tokyo Stock Exchange 1st Section)|
|Executive Officer of|
|Contact:||Corporate Planning||Kensuke Sato|
Announcement Regarding Conclusion of Business Alliance Agreement with
Ricoh Company, Ltd. and Ricoh Leasing Company, Ltd.
Mizuho Leasing Company, Limited (the “Company”) hereby announces that today it has adopted a resolution to enter into a business alliance (the “Business Alliance”) among the Company, Ricoh Company, Ltd. (“Ricoh”), and Ricoh Leasing Company, Ltd. (“Ricoh Leasing”), being a consolidated subsidiary of Ricoh, and executed a business alliance agreement (the “Business Alliance Agreement”) with Ricoh and Ricoh Leasing, subject to the condition of the acquisition (the “Acquisition”) of Ricoh Leasing’s 6,160,000 shares of common stock (20.00% of the voting rights ratio (Rounded up at the third decimal point. In the calculation of the voting rights ratio, hereinafter the same applies.)). In addition, the Company hereby also announces that today it has adopted a resolution to conduct the Acquisition and executed a share purchase agreement with Ricoh.