Profile: Mizuho Financial Group Inc (MFG)
17 Apr 2014
Mizuho Financial Group, Inc. (MHFG), incorporated on January 8, 2003, offers a variety of financial services, including banking, securities, trust and asset management services. The Company businesses is organised into three Global Groups: the Global Corporate Group, the Global Retail Group and the Global Asset & Wealth Management Group. The Global Corporate Group provides banking and securities products and services to companies and other customers in and outside of Japan, utilizing global collaboration between its corporate banking business and securities business, as well as its financial expertise. The Global Retail Group provides high-quality financial products and services to individuals, small and medium enterprises (SMEs) and middle-market corporations in Japan. The Global Asset & Wealth Management Group provides trust, asset management and private banking products and services.
The Company through its subsidiaries (the MHFG Group), provides domestic and international financial services in Japan and other countries. Mizuho Bank, Ltd., a retail-oriented banking subsidiary, offers financial services mainly to individual customers, SMEs, middle-market corporations and local governmental entities in Japan. Mizuho Corporate Bank, Ltd., a wholesale banking subsidiary, offers various financial services to large Japanese corporations, financial institutions, public sector entities and foreign corporations. Mizuho Trust & Banking Co., Ltd, a trust bank subsidiary, offers mainly trust-related products and consulting services.
The Global Corporate Group
Mizuho Corporate Bank, Ltd. (Mizuho Corporate Bank) provides various financial products and services to Japanese companies, such as companies listed on Japanese stock exchanges and their affiliates, financial institutions, public sector entities and foreign corporations, including foreign subsidiaries of Japanese companies. Mizuho Corporate Bank engages in customer relationship management through its Corporate Banking Unit and International Banking Unit, while individual financial products and services are developed and provided by the Global Investment Banking Unit, the Global Transaction Banking Unit and the Global Markets Unit and the Global Asset Management Unit.
The Corporate Banking Unit engages in relationship management for Japanese companies and their affiliates, Japanese financial institutions and public sector entities and businesses relating to the issuance of bonds. The International Banking Unit engages in relationship management for foreign corporations, including foreign subsidiaries of Japanese companies. The Global Investment Banking Unit promotes investment banking businesses, mainly loan syndication business and financial products business, and provides its customers with financial solutions.
The Global Transaction Banking Unit engages in businesses related to cash management, foreign exchange, trade finance and custody services. With respect to cash management services, the Company provides online solutions, such as domestic and global cash management services to its customers. The Global Markets Unit engages in the business of sales and trading of financial products related to interest rates, foreign exchange, commodities and credit, as well as investments in interest rates, equities and credit. The Global Asset Management Unit provides products and services to institutional investors, such as pension funds and financial institutions.
Global Retail Group
Mizuho Bank, Ltd. (Mizuho Bank) provides financial services to individual customers, SMEs, middle-market corporations and local governmental entities in Japan. As of March 31, 2010, Mizuho Bank had approximately 25 million individual deposit accounts and made loans to approximately 100,000 SMEs and middle-market companies. Mizuho Bank three business groups and three business divisions: the Personal Banking Group, the Corporate Banking Group, the Trading and ALM Group, the Securities Division, the Innovation Business Division and the Takarakuji Lottery Division.
The Personal Banking Group offers a range of financial products and services to individual customers, including various types of loans and deposits, as well as consulting and credit card services in Japan. In its housing loan business, the Company offers various products and services, such as weekend consultation meetings and products, such as Flat 35. The Corporate Banking Group provides products and services mainly to SMEs and middle-market companies, as well as to local governmental companies and other public sector companies.
The Trading and ALM Group engages in investing in, and sales and trading of, financial instruments related to interest rates, foreign exchange and securities, including derivative instruments. The Securities Division supports various methods of accessing capital markets. The Innovation Business Division provides products and services related to information technology, such as offering cash management services and banking services utilizing the Internet, mobile phones and integrated circuit (IC) cards. The Takarakuji Lottery Division engages in the business of acting as an administrative bank for the Takarakuji lottery, the principal public lottery program in Japan.
Global Asset and Wealth Management Group
Mizuho Trust & Banking Co., Ltd. is a trust bank that provides individual and corporate customers with financial services utilizing trusts. In the asset management business, the Company provides corporate customers with a range of services and solutions in areas like real estate business, including real estate sales agent services and real estate securitizations; structured product business, including securitization transactions that utilize trusts; asset management business relating to various assets, including pension plans; pension plan business, including acting as trustee, providing consulting services, actuarial services and administration services; asset administration business, including trustee services for investment trusts and management and administration of investments in securities and equity strategy business, including acting as a securities agent and providing advice on practical issues related to stock.
In the wealth management business, the Company provides individual customers with services related to wealth management, which include consulting services regarding investment and management of customer assets; businesses relating to the succession of assets such as testamentary trusts; loan products, such as apartment loans; deposits, investment trusts and other investment products that utilize trusts, and real estate business, such as brokerage of housing sales and land development. The Company also provides deposit and loan services to its corporate customers and engage in treasury business. Mizuho Private Wealth Management offers integrated and continuous private banking services to high-net-worth customers. MHFG’s asset management companies, Mizuho Asset Management Co., Ltd. and DIAM Co., Ltd., provide investment management services for its group companies and customers.
Mizuho Information & Research Institute, Inc. provides its corporate customers with three services: system integration services, outsourcing services that support the operation of information technology systems of its customers and consulting services related to environmental issues. Mizuho Research Institute Ltd. offers information and services companies, financial institutions and public sector companies. Mizuho Financial Strategy engages in advisory services for financial institutions regarding their management and revitalization of their borrowers.
The Company competes with Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Japan Finance Corporation, Japan Post Bank and Development Bank of Japan.
Mizuho Financial Group Inc
Otemachi Tower, 1-5-5, Otemachi
CHIYODA-KU TKY 100-8176
Company Web Links
- RPT-Fitch Rates Mizuho's USD Basel III Subordinated Notes Final 'BBB'
- REFILE-Mizuho deal to put focus on Japanese reading of Basel III
- Fitch Rates Mizuho's Tier 2 Notes; First Basel III Issue by Japanese Bank
- Mizuho to launch 1 trln yen loan facility using BOJ programme
- Japan's top three banks poised to benefit from spurt in domestic loan growth