Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Mizuho Financial Group, Inc.    8411   JP3885780001

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Mizuho Financial Group, Inc. : Review of Group Capital Structure (Timely Disclosure 16:00) (HTML) (PDF/88KB)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/04/2013 | 09:31am CET

Mizuho Financial Group, Inc. (President & CEO: Yasuhiro Sato) ("MHFG"), Mizuho Bank, Ltd. (President & CEO: Takashi Tsukamoto) ("MHBK") and Mizuho Corporate Bank, Ltd. (President & CEO: Yasuhiro Sato) ("MHCB"), hereby announce that they have determined to turn Mizuho Securities Co., Ltd. (President & CEO: Hiroshi Motoyama) ("MHSC"), a consolidated subsidiary of MHFG, into a directly-held subsidiary of MHFG, by MHBK and MHCB, each a wholly-owned subsidiary of MHFG, distributing as a dividend in kind to MHFG all of the shares of MHSC that are held by each of MHBK and MHCB as of April 1, 2013 (hereinafter such change to MHSC shall be referred to as the "Change"), as described below.

1. Background and Purposes

Our group aims to build the most effective and advanced group management structure. This will include moving to a single bank and single securities structure that aims to promote timely and unified group strategic planning under the strong governance of the holding company as well as taking advantage of the characteristics and competitiveness of being the only Japanese banking group that holds its own bank, trust bank and securities company. It will also include moving to a new group capital structure and new group operational structure and the strengthening of group governance.

As announced in the news release titled "Review of Group Capital Structure and Transformation into New Group Management Structure" dated December 21, 2012, our group intends to turn MHSC, a consolidated subsidiary of MHFG, into a directly-held subsidiary of MHFG in the first half of fiscal year of 2013 and to move to a new group capital structure, which will place banking, trust banking, securities and other major group companies under the direct control of the holding company. Our group has determined to conduct the Change, by which it intends to achieve such move to a new group capital structure, on April 1, 2013, simultaneously with the commencement of "One MIZUHO New Frontier Plan - Stepping up to the Next Challenge -," a new medium-term business plan announced on February 26, 2013 in the release titled "One MIZUHO New Frontier Plan Stepping up to the Next Challenge."

This press release contains forward-looking statements, including estimates and plans. Such forward-looking statements reflect our current views with respect to future events and are subject to risks, uncertainties and assumptions and do not represent any guarantee of future performance.
We may not be successful in implementing our business strategies, and management may fail to achieve its estimates, for a wide range of possible reasons, including, without limitation, those included in "Item 3.D. Key Information - Risk Factors" and "Item 5. Operating and Financial Review and Prospects" in MHFG's most recent Form 20-F filed with the U.S. Securities and Exchange Commission ( "SEC" ) which is available in the Financial Information section of MHFG's web page at www.mizuho-fg.co.jp/english/ and also at the SEC's web site at www.sec.gov. We are under no obligation, and disclaim any obligation, to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MIZUHO FINANCIAL GROUP, IN
11/28 HITACHI : and ELES Agree on Common Smart Grids and SmartCommunities Action
11/28 HITACHI : and ELES Agree on Common Smart Grids and Smart; Communities Action; Mi..
11/23 MIZUHO FINANCIAL : starts China Life at HK$29
11/21 ARAMARK : Mizuho Trust & Banking Co. Ltd. Decides to Keep It Stake in Aramark Ho..
11/21 MIZUHO FINANCIAL : Trust & Banking Co. Ltd. Buys 1,345 Shares of Liberty Interac..
11/16 Lukoil Raises $ 500m for Gissar Project in Uzbekistan
11/14 MIZUHO FINANCIAL : The Brookings Institution - Discussion
11/14 Japan top banks' first-half profits hit by Bank of Japan's negative rate poli..
11/11 MIZUHO FINANCIAL : The Brookings Institution - Discussion
11/11 Mizuho Bank Chooses Wolters Kluwer's OneSumX for Risk and Regulatory Reportin..
More news
Sector news : Banks - NEC
10:46a Softer rate outlook does not justify easier mortgage rules - BoE
08:32a Japan watchdog recommends $1.9 million fine for Morgan Stanley MUFG
01:15aDJBOB EVANS FARMS : Results Take Hit From Sluggish Sales, Note Impairment
12/05DJBANCA MONTE DEI PASCHI DI SIENA : Italy Vote May Put Heavy Pressure on Banks -- ..
12/05DJUNICREDIT : in Talks to Sell Pioneer Investment Unit to Amundi -- Update
More sector news : Banks - NEC
News from SeekingAlpha
11/25 FINANCIALS - TOP 5 GAINERS / LOSERS : 15 pm
09/24 Is Kuroda's Operation Twist Really A Windfall For Banks?
09/21 FINANCIALS - TOP 5 GAINERS / LOSERS : 00 pm
08/23 ZOMBIE BANKS : Low Price/Book Ratios Characterize The Walking Dead
08/16 CONSTRUCTING A PURE ALPHA JAPAN PORT : Money Market Funding Crunch Means More Do..
Advertisement
Financials ( JPY)
Sales 2017 3 119 120 M
EBIT 2017 758 000 M
Net income 2017 605 386 M
Debt 2017 -
Yield 2017 3,61%
P/E ratio 2017 8,68
P/E ratio 2018 9,32
Capi. / Sales 2017 1,70x
Capi. / Sales 2018 1,70x
Capitalization 5 287 968 M
More Financials
Chart MIZUHO FINANCIAL GROUP, IN
Duration : Period :
Mizuho Financial Group, In Technical Analysis Chart | 8411 | JP3885780001 | 4-Traders
Full-screen chart
Technical analysis trends MIZUHO FINANCIAL ...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 210  JPY
Spread / Average Target 0,87%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Yasuhiro Sato President, Group CEO & Director
Daisaku Abe COO, Chief Information Officer & EVP
Junichi Shinbo CFO, Director & Managing Executive Officer
Mitsuo Ohashi Outside Director
Shusaku Tsuhara Chief Compliance Officer & Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MIZUHO FINANCIAL GROUP..-13.57%46 317
JPMORGAN CHASE & CO.26.09%297 926
WELLS FARGO & CO-0.02%272 962
INDUSTRIAL AND COML BA..-1.31%232 301
BANK OF AMERICA CORP26.14%220 694
CHINA CONSTRUCTION BAN..-2.25%187 614
More Results