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Mizuho Financial Group Inc.  (MFG)
Other Ticker:  
 
    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 
Price: $2.4000 $0.02 0.840%
Day's High: $2.4 Week Perf: -0.83 %
Day's Low: $ 2.36 30 Day Perf: 1.69 %
Volume (M): 1,137 52 Wk High: $ 3.04
Volume (M$): $ 2,728 52 Wk Avg: $2.59
Open: $2.39 52 Wk Low: $2.15



 Market Capitalization (Millions $) 6,088
 Shares Outstanding (Millions) 2,537
 Employees 56,375
 Revenues (TTM) (Millions $) 11,273
 Net Income (TTM) (Millions $) -750
 Cash Flow (TTM) (Millions $) 61,540
 Capital Exp. (TTM) (Millions $) 1,919

Mizuho Financial Group Inc.
We engage in banking, trust banking, securities and other businesses related to financial services.
We selected four key focus areas—“transactions with corporations and their owners,” “transactions with large corporations,” “transactions with non-Japanese blue chip companies, and “asset management”—and endeavored to achieve growth in earning capabilities.

In asset management, we and Dai-ichi Life Insurance Company, Limited have, for the purpose of strengthening the asset management business, been proceeding with detailed preparation such as decisions on the integration of the asset management functions of the two groups in October 2016 and naming the new company “Asset Management One.” “Asset Management One” will aim at providing customers with solutions of the highest standard, while fulfilling its fiduciary duties.

Moreover, the environment surrounding new financial services has been changing recently, such as the development of what is commonly referred to as “FinTech,” which involves the integration of finance and information and communication technology (ICT), and under such circumstances, we upgraded our call centers by introducing an artificial intelligence-based computer system and began providing internet-based asset management services by making efforts to develop advanced products and services that lead to the creation of new business and the improvement of customer accessibility.

We have launched our new three-year medium-term business plan, the “Progressive Development of “One MIZUHO”—The Path to a Financial Services Consulting Group,” formulated for the three years beginning fiscal year ending March 31, 2017.


This plan aims to establish a business model that can respond to changes in the new business environment in respect of the global economy, such as changes to the situation where emerging economies had been bolstering the economies of developed countries and the prolonged weakness in resource prices, and even “game changers” such as the rapid development of innovation in financing, in addition to an uncertain regulatory environment.


Specifically, in addition to strictly observing the “customer-focused” perspective that we promoted in the previous medium-term business plan, we will pursue “operational excellence” as part of a project to promote greater improvements and efficiency in a harsh economic environment.


The new medium-term business plan has as its two foundations the “customer-focused” perspective and the “operational excellence” approach, and it aims to further develop the “One MIZUHO” strategy adopted in the previous medium-term business plan, by establishing a new business model that we call a “financial services consulting group.” As our vision to be realized in the new medium-term business plan, we have developed five basic policies, and to add more detail to these basic policies, we have also developed ten basic strategies consisting of business strategies, financial strategies and strategies for management foundations.

By establishing a customer-focused business platform, we will form deeper relationships with our customers via our financial intermediary functions and our ability to take highly measured risks, and build a future in economies and communities as the most trusted financial partner in providing solutions for our customers. In the interest of building the new business model described herein, we have established the following objectives in the medium-term business plan.
A Financial Services Consulting Group—The most trusted partner in solving problems and supporting the sustainable growth of customers and communities
Five Basic Policies
Introduction of the in-house company system

Selecting and focusing on certain areas of business

Establishment of a resilient financial base

Proactive involvement in financial innovation

Embedding a corporate culture that encourages the active participation of our workforce to support a stronger Mizuho

Ten Basic Strategies
Business strategies
Strengthening our non-interest business model on a global basis

Responding to the shift from savings to investment

Strengthening our research & consulting functions

Responding to FinTech

Promoting the “Area One MIZUHO” strategy (i.e., the implementation of the One MIZUHO strategy in each geographical area by collaboration of banking, trust banking and securities functions. The business offices independently design and implement their respective strategies)

Financial strategies
Controlling the balance sheet and reforming the cost structure

Disposing of cross-shareholdings

Management foundations
Completing implementation of the next generation IT system

Fundamental reforms of HR management

Continued initiatives towards embedding a corporate culture to support the creation of a stronger organization



   Company Address: 1-5-5 Otemachi Chiyoda-ku 100
   Company Phone Number: 5224-1111   Stock Exchange / Ticker: NYSE MFG
   MFG is expected to report next financial results on June 30, 2023.


Customers Net Income grew by MFG's Customers Net Profit Margin fell to

21.69 %

10.08 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Mizuho Financial Group's Segments
 
 
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