Mizuho Financial Group

Mizuho Financial Group, Inc.
Native name
株式会社みずほフィナンシャルグループ
Kabushiki gaisha Mizuho Finansharu Gurūpu
Company typePublic (Kabushiki gaisha)
IndustryFinancial services
Predecessors
FoundedSeptember 2000; 24 years ago (2000-09)
HeadquartersOtemachi Tower,
Marunouchi, Chiyoda, Tokyo
,
Japan
Key people
Seiji Imai
(Chairman)
Masahiro Kihara
(President & CEO)
Products
RevenueIncrease ¥5.78 trillion (2022)
Increase ¥789.6 billion (2022)
Increase ¥219.20 billion (2022)
Total assetsIncrease ¥254.26 trillion (2022)
Total equityIncrease ¥8.47 trillion (2022)
Number of employees
52,420 (March 2022)
Subsidiaries
Websitemizuhogroup.com
Footnotes / references
[1]

The Mizuho Financial Group, Inc. (株式会社みずほフィナンシャルグループ, Kabushiki-gaisha Mizuho Finansharu Gurūpu), known from 2000 to 2003 as Mizuho Holdings and abbreviated as MHFG or simply Mizuho, is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The group was formed in 2000-2002 by merger of Dai-Ichi Kangyo Bank, Fuji Bank, and Industrial Bank of Japan. The name mizuho (瑞穂) literally means "abundant rice" in Japanese and "harvest" in the figurative sense.

Mizuho Financial Group is the parent holding of Mizuho Bank, Mizuho Trust & Banking, Mizuho Securities, and Mizuho Capital, and the majority owner of Asset Management One. The group offers a range of financial services, including banking, securities, trust and asset management services, employing more than 59,000 people[2] throughout 880 offices.[3] It is listed on the Tokyo Stock Exchange—where it is a constituent of the Nikkei 225 and TOPIX Core30 indices—and in the New York Stock Exchange in the form of American depositary receipts.

Upon its founding, Mizuho was the largest bank in the world by assets.[4] Following further consolidation, it has become the third-largest of Japan's so-called megabanks with total assets of $1.9 trillion at end-March 2023, behind Mitsubishi UFJ Financial Group ($2.9 trillion) and SMBC Group ($2.0 trillion).[5] Mizuho was the 15th largest banking institution in the world by total assets as of December 2018,[6] and the 90th largest company in the world according to Forbes rankings as of May 2017.[7] It has been consistently listed as a systemically important bank by the Financial Stability Board.

  1. ^ "Consolidated Financial Statements for Fiscal 2022" (PDF). Mizhuo Group. 10 July 2023.
  2. ^ "Mizuho Financial on the Forbes Top Regarded Companies List". Forbes.com.
  3. ^ Walton, Gregory (27 November 2015). "Bank employee plunges to death in City of London". Telegraph.co.uk.
  4. ^ Litterick, David (23 July 2001). "Nikkei at 16-year low". Telegraph.co.uk.
  5. ^ Yuzo Yamaguchi & Mohammad Taqi (18 June 2023). "Japanese megabanks retain top slots in ranking even as total assets drop". S&P Global.
  6. ^ "The Top 100 Banks in the World 2016", Relbanks, 30 June 2016.
  7. ^ "Forbes The World’s Biggest Public Companies 2016 RANKING.", Forbes, May 2016.