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

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 CEST

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
07/26 TOSHIBA : and Mizuho Information and Research Institute to Lead Japan's Largest ..
07/26 MIZUHO FINANCIAL : Americas Hires Simon Male to Lead Asia Ex-Japan Sales
07/22 ONGC Videsh arm raises $1 bn
07/22 MIZUHO FINANCIAL : Financial Statements (US GAAP)
07/20 DEUTSCHE BANK : Mizuho appoints new senior MD and head of fixed in come sales an..
07/20DJDeals Fuel Japanese Lenders -- WSJ
07/18DJEMC Profit Rises as Acquisition by Dell on Track
07/18 MIZUHO FINANCIAL : Hires Thomas Hartnett as Head of Fixed Income Sales and Tradi..
07/18 Commercial Bank Signs $166 Million Ninja Loan Facility
07/18 MIZUHO FINANCIAL : Notice Concerning Introduction (and Details) of Performance-B..
More news
Sector news : Banks - NEC
01:36pDJBANCO SANTANDER : Brasil 2Q Net Profit Increases 7.8%
01:26pDJMonte dei Paschi Seeks to Unload Bad Loans, Raise Capital
01:05pDJBANCO SANTANDER : Santander Profit Dented by Restructuring Costs -- 3rd Update
12:43pDJDEUTSCHE BANK : Profit Plunges Amid Turnaround Effort -- 4th Update
11:09aDJUNICREDIT : Santander Terminate Asset Management Units Merger
More sector news : Banks - NEC
News from SeekingAlpha
07/01 WisdomTree Japan Hedged Financials ETF (DXJF) June Summary
06/23 1 Year With Seeking Alpha
06/02 WisdomTree Japan Hedged Financials ETF (DXJF) May Summary
05/18 An Unbiased View Of Mizuho Financial Group
05/17 The Global Financial System At The Edge Of The Abyss
Advertisement
Financials ( JPY)
Sales 2017 3 149 650 M
EBIT 2017 377 650 M
Net income 2017 596 400 M
Debt 2017 -
Yield 2017 4,74%
P/E ratio 2017 6,67
P/E ratio 2018 7,01
Capi. / Sales 2017 1,28x
Capi. / Sales 2018 1,29x
Capitalization 4 018 653 M
More Financials
Chart MIZUHO FINANCIAL GROUP, IN
Duration : Period :
Mizuho Financial Group, In Technical Analysis Chart | 8411 | JP3885780001 | 4-Traders
Full-screen chart
Technical analysis trends MIZUHO FINANCIAL ...
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 198  JPY
Spread / Average Target 25%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Yasuhiro Sato President, Group CEO & Director
Daisaku Abe COO, Chief Information Officer & EVP
Junichi Shinbo CFO, Director & Managing Executive Officer
Mitsuo Ohashi Outside Director
Shusaku Tsuhara Chief Compliance Officer & Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MIZUHO FINANCIAL GROUP..-34.32%38 081
WELLS FARGO & CO-11.76%243 546
JPMORGAN CHASE & CO.-2.88%234 502
INDUSTRIAL AND COML BA..-6.33%223 634
CHINA CONSTRUCTION BAN..-12.98%173 350
BANK OF AMERICA CORP-13.67%149 251
More Results