Mizuho Plans to Reduce Orico Stake After Activist Pressure

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By Hideki Suzuki

May 15, 2026 at 6:30 AM UTC

Mizuho Financial Group Inc. plans to trim its stake in Orient Corp., after an activist investor urged it to either consolidate or sell its holding in the credit card company.

Japan’s third-largest lender will sell a 15% stake in Orico, Mizuho said in a statement on Friday. That will reduce its holding to about 33.8% from more than 48% currently.