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Mizuho to Reduce Orient Corp. Stake After Activist Pressure

Mizuho Financial Group Inc. plans to trim its stake in Orient Corp. after activist investors urged the banking group to either consolidate or divest its holding in the credit card company. The move reflects pressure from activist campaigns focused on financial institutions' capital allocation decisions. Activist investors have argued that Mizuho should either take full control of Orient or exit the investment entirely. Mizuho has not disclosed the timing or size of the planned stake reduction. The decision underscores mounting pressure on major financial institutions to justify their investments and optimize capital allocation.