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() or MHFG, is one of the largest financial services companies in the world. Its headquarters are in the Marunouchi district of Chiyoda ward, Tokyo, Japan.
It was established in January 2003 with capital from Mizuho Holdings, Inc. Subsequently, through a share exchange on March 12, 2003, Mizuho Financial Group became the sole shareholder of Mizuho Holdings, Inc., which in turn served as the holding company of all of the group's banking and securities units. On October 1, 2005, all subsidiaries of Mizuho Holdings, Inc. were transferred to the direct control of Mizuho Financial Group. Mizuho Holdings, Inc., no longer a bank holding company, was then renamed Mizuho Financial Strategy, which now focuses on providing advisory services.
Although MHFG itself has only 350 employees, it holds assets in excess of ¥1.5 trillion through its control of Mizuho Bank, Mizuho Corporate Bank, and other subsidiaries. The company's combined holdings form Japan's second-largest banking and finance group.
The company traces its history as far back as the old Yasuda zaibatsu.
On 8 December 2005 a data input error on a stock trade at the brokerage arm Mizuho Securities Co., Ltd. caused a large loss and received a lot of publicity.
Holdings
- Mizuho Bank, Ltd.
- Mizuho Corporate Bank, Ltd.
- Mizuho Trust & Banking Co., Ltd.
- Mizuho Securities Co., Ltd.
- Mizuho Investors Securities Co., Ltd.
- Shinko Securities Co., Ltd.
- Mizuho Financial Strategy, formerly Mizuho Holdings, Inc.
External links
"Mizuho Financial Group"