Profile: Mizuho Financial Group Inc (MFG)
21 Jul 2017
Mizuho Financial Group, Inc. (MHFG), incorporated on January 8, 2003, is a financial holding company. The Company, through its subsidiaries, provides domestic and international financial services in Japan and other countries. The Company's segments include MHBK, MHTB, MHSC and Others. The MHBK segment includes Personal Banking; Retail Banking; Corporate Banking (Large Corporations); Corporate Banking; Financial Institutions & Public Sector Business; International Banking, and Trading and others. The MHTB segment provides products and services related to trust, real estate, securitization and structured finance, pension and asset management, and stock transfers. The MHSC segment provides securities services to corporations, financial institutions, public sector entities and individuals. Its Others segment consists of MHFG, its subsidiaries other than Mizuho Bank, Ltd. (MHBK), Mizuho Trust & Banking Co., Ltd. (MHTB), and Mizuho Securities Co., Ltd. (MHSC), and its equity-method affiliates. They provide a range of customers with their various products and services, such as those related to trust and custody, asset management, and private banking through companies, such as Trust & Custody Services Bank, Ltd. (TCSB), Mizuho Asset Management Co., Ltd., DIAM Co., Ltd. (an equity-method affiliate), and Mizuho Private Wealth Management Co., Ltd. The Others segment also provides non-banking services, including research and consulting services through Mizuho Research Institute Ltd. and information technology-related services through Mizuho Information & Research Institute, Inc.
The Personal Banking segment provides financial products and services, such as housing loans, deposits, investment trusts, and individual insurance to individual customers through MHBK's nationwide branches and automated teller machine (ATM) network, as well as telephone and Internet banking services. In addition, the Personal Banking segment handles trust products as an agent of MHTB. The Retail Banking segment provides financial products and services, such as consulting services of business succession and asset inheritance and asset management for business owners and high-net-worth customers. The Retail Banking segment also provides overall banking services for small and medium enterprises (SMEs). The Corporate Banking (Large Corporations) segment provides a range of financial solutions on a global basis to large Japanese corporations and their affiliates by integrating the Company's specialty functions, including banking, trust, and securities, based on relationships with MHBK's domestic customers, and by utilizing its global industry knowledge.
The Corporate Banking segment provides, to larger SMEs, financial products and services. The Corporate Banking segment also provides solutions to customers' financial needs, such as stable fund-raising, mergers and acquisitions, management buy-out, business succession, entry into new business, and business restructuring for customers in mature or transition stages. The Financial Institutions & Public Sector Business segment provides advisory services and solutions, such as advice on financial strategy and risk management to financial institutions and provides financial products and services that include funding support via the subscription and underwriting of bonds to public sector entities. The International Banking segment offers products, such as project finance and trade finance for overseas customers. The Trading and others segment provides derivatives and other risk hedging products to satisfy MHBK's customers' financial and business risk control requirements. The Trading and others is also engaged in MHBK's trading, such as foreign exchange and bond trading, and asset and liability management. Its in-house companies include the Retail & Business Banking Company; the Corporate & Institutional Company; the Global Corporate Company; the Global Markets Company, and the Asset Management Company.
Retail & Business Banking Company
The Company provides services, such as inheritance distribution service and testamentary-trust that utilize trust function, and it has expanded its line of products, such as family trusts and annual fund giving trusts. With respect to the loan business, it offers various products and services in response to each customer's life stage, including release of products utilizing value of housing assets of the customer. It also provides products/services with officers and directors of its corporate clients, such as opening account for payrolls, providing housing loans and management of retirement payments, among others. As of March 31, 2016, it had expanded its branch network throughout Japan (Mizuho Bank: 462, Mizuho Trust & Banking: 55, Mizuho Securities: 272) and its ATM network (approximately 6,700 locations, including ATMs shared with AEON Bank). As of March 31, 2016, it also had 165 of Mizuho Securities Planet Booths, which are located in the branches and offices of Mizuho Bank and 18 of Mizuho Trust & Banking Trust Lounges (which are located in the branches and offices of Mizuho Bank). It offers multilayered solutions in response to the various development stages of its customers' businesses. It offers optimal solutions for businesses, such as offering syndicated loans targeted at small and medium-sized enterprises and middle market firms, advisory services related to overseas expansions, mergers and acquisitions-related services and business matching services, in addition to developing the financial products brokerage business and managing the initiatives to manage the customer base for trustee business for defined contribution pension plans.
Corporate & Institutional Company
The Corporate & Institutional Company engages in relationship management for its customers that are large corporations, financial institutions and public sector businesses in Japan. The Company offers group-wide financial solutions that are tailor made for each customer, such as syndicate loans and bonds, on a global basis to meet its customers' needs in fund-raising, investment, management and financial strategies. It provides optimal financial services group-wide that include funding support as a trustee and underwriter of public bonds and services as a designated financial institution.
Global Corporate Company
The Global Corporate Company works with non-Japanese companies and Japanese companies operating outside Japan. For its Japanese corporate customers, the Company provides unified support both in and outside Japan to help them expand their overseas operations. It offers specialized services that use its advanced financial technologies and expertise. Particularly in the Asia region, it supports Japanese corporate customers developing new markets by offering advisory and other services. It is also working with government-affiliated institutions and financial institutions of various countries, forming business alliances as necessary, to provide up-to-date local information and other entry support to its customers interested in starting business in new markets.
Global Markets Company
In addition to asset liability management and investment business with respect to interest rates, equities and credit, among others, the Global Markets Company focuses to provide sales and trading services to a range of customers, from individuals to institutional investors, by offering a range of market related products, such as interest rates, foreign exchange, equities and commodities. With respect to the sales and trading business, through a management structure based on customer segments, the Company offers detailed products and services to meet the diverse needs of its customers and support their global business by integrating its banking, trust and securities functions and utilizing its global network.
Asset Management Company
The Asset Management Company develops products and provides services that correspond to the needs of a range of customer base ranging from individuals to institutional investors. In the alternative investment business, it provides its customers with products by collaborating with its group companies, including Mizuho Alternative Investments, LLC in the United States, Mizuho Global Alternative Investments, Ltd. in Tokyo, which selects and introduces hedge funds, and Eurekahedge Pte, LTD. in Singapore, which is its subsidiary providing hedge fund research and data services. In addition, it develops global financial products by collaborating with BlackRock, Inc., and arranges and offers products related to private equity and infrastructure funds by collaborating with Partner Group AG.
The Company competes with Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Japan Finance Corporation, Japan Post Bank, Development Bank of Japan and Japan Bank for International Cooperation.
Mizuho Financial Group Inc
CHIYODA-KU TKY 100-8176