Mizuho Financial Group
Mizuho Financial Group has increased its profitability and improved the soundness of its financial position. It reinforced its leading position in syndicated loans while also developing its retail and asset and wealth management businesses.
“It is our greatest honour to be recognised as the best performing bank in Japan for two consecutive years,” says chief executive Terunobu Maeda. “We began to implement our business strategy in April 2005, with the objective of winning the ever-stronger support of our customers and creating a world-leading financial group. As part of our business portfolio strategy, we realigned our businesses into three global groups to provide services customised to suit the needs of particular customer segments. Each global group leverages its strengths and capabilities, and takes initiatives to offer the best financial products, services and solutions to the customers.
“As part of our [business strategy], we listed on the New York Stock Exchange last month, aiming to secure transparency in corporate governance and to enhance confidence among investors. We proactively engaged in corporate social responsibility (CSR) activities, such as environmental initiatives and support for financial education. As a result of these initiatives, we secured sustained profitability and achieved further improvement in financial soundness. We also completed the repayment of all public funds in July 2006.
“We will continue to enhance our corporate value by strengthening our competitiveness and profitability, as well as to engage in CSR activities, aiming for harmonious co-existence with society, through the steady implementation of [our business strategy].”
