One Mizuho: Building the future with you Mizuho Financial Group
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Mizuho Financial Group Headquarters the Otemachi Tower in Tokyo since 2014
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Public | |
Traded as | : OSE: 8411 : MFG TOPIX Core 30 Component |
Industry | Banking, Financial Services |
Predecessors |
Dai-Ichi Kangyo Bank Fuji Bank Industrial Bank of Japan |
Founded | 2001 |
Headquarters | Marunouchi, Chiyoda, Tokyo, Japan |
Key people
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Tatsufumi Sakai (President & CEO) |
Products | Credit cards, consumer banking, corporate banking, investment banking, global wealth management, financial analysis, private equity |
Revenue | ¥1.450 trillion (2017) |
¥858.73 billion (2017) | |
¥603.54 billion (2017) | |
Total assets | ¥1.849 trillion (2017) |
Total equity | ¥4.150 trillion (2017) |
Number of employees
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56,375 (2017) |
Subsidiaries |
Mizuho Bank Mizuho Corporate Bank Mizuho Trust & Banking |
Website | www |
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), abbreviated as MHFG, or simply called Mizuho, is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The name "mizuho (瑞穂)" literally means "abundant rice" in Japanese and "harvest" in the figurative sense. Upon its founding, it was the largest bank in the world by assets.
It holds assets in excess of $1.8 trillion US dollars through its control of Mizuho Bank, Mizuho Corporate Bank, and other operating subsidiaries. The company's combined holdings form the second largest financial services group in Japan. Its banking businesses rank second in Japan after Mitsubishi UFJ Financial Group and the 14th in the world by total assets as of December 2017. It is the 90th largest company in the world according to Forbes rankings as of May 2017. Its shares have a primary listing on the .
Mizuho offers a range of financial services, including banking, securities, trust and asset management services, employing more than 56,000 people throughout 880 offices.
Mizuho was established originally as Mizuho Holdings, Inc. by the merger of Dai-Ichi Kangyo Bank, Fuji Bank, and the Industrial Bank of Japan in 2000. The earliest history of the companies that formed the Mizuho group was Yasuda-ya, which was founded as a private company in 1864. Then in 1872 the Dai-Ichi Bank, Ltd. was established as the first bank in Japan to be established under the nation’s newly minted National Bank Act of 1872. In 1897 the Nippon Kangyo Bank, Ltd. and the Industrial Bank of Japan, Limited were next established as governmental institutions. In 1912 Yasuda-was incorporated and renamed Yasuda Bank, in a process where Yasuda absorbed the assets and business of seventeen different Japanese banking institutions.