Mizuho s Group Operational Structure. MHFG (holding company) Group Chief Officer. Individual Banking Unit Retail Banking Unit

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1 2 Special Feature Integrated Strategy between Banking, Trust Banking and Working in close cooperation, MHBK, MHTB and MHSC are proactively moving ahead with measures to comprehensively integrate the group s banking, trust banking and securities functions. As the only financial group in Japan with banks, trust banks and securities companies under one umbrella, we offer group-wide services by integrating banking, trust banking and securities functions to respond to the ever more diverse and sophisticated needs of our customers. Mizuho s Group Operational Structure MHFG (holding company) MHBK MHTB MHSC Corporate Planning and Management Group Chief Officer The Group Chief Officer is at the top of the chain of command and implements integrated group management. Each unit in MHFG Individual Banking Unit Retail Banking Unit Corporate Banking Unit (Large Corporations) Corporate Banking Unit Financial Institutions & Private Sector Business Unit International Banking Unit Investment Banking Unit Transaction Banking Unit Asset Management Unit Markets Unit Each unit established in MHFG determines and promotes group-wide strategies across banking, trust banking, securities and other business areas. Customers of each group company are viewed as Mizuho s common customers and we offer them group-wide services. * In principle, group companies other than the above belong to each segment depending on the characteristics of their businesses. For information on each unit, Business Approaches (pages 5 to 61) 24

2 Securities Functions Based on our integrated strategy between banking, trust banking and securities functions, MHBK will focus on strengthening its frontline business capabilities, thereby providing our customers with the financial services best suited to helping them achieve their goals. MHBK is striving to improve customer convenience and satisfaction by providing an effective and multifaceted range of comprehensive financial services through collaboration with MHTB and MHSC to draw on the Group s integrated capabilities. Since fiscal 214, we have been working to leverage the Group s comprehensive capabilities to further meet customers needs by implementing the Area One Mizuho Promotion Project. With respect to each geographical area, this project has brought RMs of MHBK, MHTB and MHSC together to engage in discussions about the special characteristics of the region and customers in that region. Based on a good grasp of those characteristics and drawing on their various kinds of expertise, the participants consider the best means of becoming the most trusted financial services group from diverse perspectives. As a result, we have in one year considerably expanded our number of customers seamlessly using our group company s products and services centered on asset management by tens of thousands. We have made steady progress in generating positive results through collaboration with MHTB related to individual customers testamentary trusts and corporate Nobuhide Hayashi President & CEO Mizuho Bank, Ltd. 1 Collaboration between MHBK, MHTB and MHSC to Support Customers Growth Strategies A growing company developing earth music & ecology and numerous other fashion brands, CROSS COMPANY is proactively expanding its network of retail stores in Japan and overseas. While emphasizing a growth strategy centered on the acceleration of overseas expansion and employment of M&A strategies, it was also considering such options as those involving fund procurement from capital markets. Aiming to make a contribution to realizing the company s growth strategy, MHBK continually worked to define the company s needs and offer associated proposals. It highly evaluated MHBK s proposal on overseas business development created based on collaboration among MHBK s wide overseas network and specialized head office units and, based on that proposal, MHBK has provided effective support for the company s initiatives such as the establishment of a subsidiary in China. In response to its requests for advice on such subjects as M&A strategies and fund procurement from capital markets, MHBK collaborated closely with MHTB and MHSC to build a support system to cater to the company s needs effectively and promptly as well as in an integrated manner between banking, trust banking and securities functions. These initiatives have been highly regarded, and Mizuho is continuing to make concerted efforts to comprehensively support the company and help it realize its various objectives. As part of this comprehensive support, we are regularly holding One Mizuho Meetings that bring the company s representatives together with branch managers of MHBK, MHTB, and MHSC branches to discuss and share ideas about its needs and visions. Going forward, MHBK, MHTB and MHSC will continue collaborating closely and sharing their expertise with the objective of offering the company optimal proposals and solutions. earth music & ecology 25

3 Special Feature 2 Integrated Strategy between Banking, Trust Banking and owners business successions and through collaboration with MHSC in such fields as POs, IPOs, and M&A transactions. In this way, we have a clear perception that Area One Mizuho Promotion Project initiatives have been effectively strengthening group capabilities and promoting greater customer satisfaction. Going forward, we will continue to work as a financial institution that has the Group s largest number of branch offices and customers to play a central role in promoting the integrated strategy between banking, trust banking and securities functions under the One Mizuho slogan. At the same time, each of MHBK s employees will maintain his or her efforts to strengthen our capabilities for constantly coming up with and implementing new approaches to overcoming customers challenges and resolving their issues (what MHBK refers to as frontline capabilities ). In these ways, we are doing our utmost to support our customers and help them realize their dreams. By promoting the integrated strategy between banking, trust banking and securities functions, MHTB endeavors to offer products and services that make use of the special features of trusts to meet the various needs of customers of the entire Group. Takeo Nakano President & CEO Mizuho Trust & Banking Co., Ltd. By promoting the integrated strategy between banking, trust banking and securities functions, MHTB endeavors to offer products and services that make use of the special features of trusts to meet the various needs of customers of the entire Group. For individual customers, we offer products such as testamentary trusts and qualified educational fund giving trusts at branches of MHBK and MHSC, assigning inheritance consultants at all MHBK branches, and are making various other efforts to leverage group capabilities in an integrated manner to meet a wide range of customers inheritance and asset succession needs. Regarding corporate owners business succession needs, we work in close collaboration with MHBK to 2 Drawing on Strengths of MHBK, MHTB, and MHSC to Respond to Needs of Both Corporations and Their Owners PeptiDream is a venture company that has sustained steady growth in drug discovery business involving collaboration with universities. Highly evaluating PeptiDream s founding philosophy We want patients who are suffering from diseases even if it is just one patient to say Thank You for our work and advanced technology, MHBK has built a strong relationship of trust with the company and been its main bank ever since the company s establishment in 26. When the company listed its shares, MHSC leveraged its abundant advisory experience to provide IPO consulting services, and Mizuho s group capabilities earned a high evaluation in connection with those services. Moreover, while PeptiDream s smooth post-listing business expansion has been accompanied by various challenges to the company s management and shareholders, Mizuho has continuously provided support regarding needs of both corporations and their owners through such measures as the offering of order-made consulting services by MHTB. To promote the company s sustained development going forward, Mizuho is promoting the integrated management of banking, trust banking and securities functions to provide its utmost support. 26

4 Securities Functions provide consulting functions that make full use of our high level of trust-related specialized expertise. For corporate customers, we provide trust-related solutions in the areas of real estate, securitization, stock transfer agency business and pensions. With respect to customers aiming to make public offerings, we collaborate with MHBK and MHSC to provide a wide range of IPO-related support. In the asset management field, we are strengthening our asset management capabilities by moving ahead with the integration of group asset management functions. Going forward, MHTB will continue striving under the One Mizuho slogan to accelerate our development of Mizuho s distinctive initiatives by fully leveraging the Group s capabilities. Working in close collaboration with MHBK and MHSC, we are endeavoring to position ourselves to benefit our customers by providing even more sophisticated and specialized trust products and services. Trust Lounges MHTB s offices which specialize in consultations, located within the same buildings as MHBK branches. 3 Mizuho s Group-wide Support for IPOs SFP Dining is a company operating more than 15 restaurants mainly under the brands of Toriyoshi and Isomaru Suisan. In accordance with its chairman s strong commitment to the concepts of working for all employees happiness and the company s sustained growth itself will lead to the happiness of all types of stakeholders, it was making company-wide efforts to undertake an IPO. Mizuho built a group-wide support system to help realize the company s IPO. As its main bank, MHBK supported the diversification of the company s loan-based fund procurement methods, and MHSC provided advisory services. In addition, at the time of the IPO, MHSC acted as lead manager while MHTB handled stock transfer agency processes. SFP Dining s shares were listed on the Second Section of the Tokyo Stock Exchange in December 214, and the company has subsequently continued striving to achieve further growth and to be a food service provider enriching people s lives in Japan. We as a group intend to sustain our group-wide efforts to support growth while continuing to provide the company with proposals that contribute to the resolution of their management challenges. Toriyoshi Isomaru Suisan 27

5 Special Feature 2 Integrated Strategy between Banking, Trust Banking and Under the slogan of One Mizuho, MHSC is implementing the integrated management of banking, trust banking and securities functions, to provide high-value-added securities services to Mizuho s customers. Hiroshi Motoyama President & CEO Mizuho Securities Co., Ltd. Under the slogan of One Mizuho, MHSC is implementing the integrated management of banking, trust banking and securities functions, to provide high-value-added securities services to Mizuho s customers. As the trend of shift from savings to investments accelerates, we are boldly transforming our marketing approach and are focusing on a more customer-centric approach with the objective of contributing to individual customers asset building in the medium- to long-term. In addition to offering services including financial products that meet the needs of our customers and high-quality research information, we are improving services as a whole group. Our initiatives range from having MHBK introduce its customers who need securities services to us, all the branches of MHBK nationwide offering financial instruments intermediary services and expanding our testamentary-related business by making all our branches agents of MHTB. 4 MHBK and MHSC Collaboratively Arranged Financing for the Largest Global M&A Transaction of 214 Actavis is the third-largest U.S.-based company in the global generic pharmaceuticals industry, and, while the global healthcare industry is undergoing reorganization, it has been working to strengthen its operations in the highly profitable field of specialty pharmaceuticals on the back of stable cash flow from its generic pharmaceutical business. In connection with this strategy, Actavis recently acquired Allergan, a major U.S.-based pharmaceutical company, for a total of US$66.4 billion. Together with J.P. Morgan and Wells Fargo, Mizuho became the joint lead arranger of the acquisition s financings as the only Japan-based bank, and MHBK provided financing for the deal. Subsequently, MHSC acted as underwriter for bonds and equity issued by Actavis. The transaction was the world s largest corporate acquisition financing deal of 214. Based on the Super 3 Strategy, which is focused on non-japanese blue chip customers, MHBK and MHSC is collaborating to make industry-sector analyses. Mizuho is using those analyses to present business strategy proposals designed to elevate corporate values while concurrently moving ahead with efforts to develop close relationships with its customers top executives and with measures to build risk management systems capable of large-scale financing transactions. These strategies have begun bearing fruit in such forms as Mizuho s participation in such major transactions as the Allergan acquisition. Going forward, Mizuho will continue endeavoring to respond to global companies diverse growth opportunities associated with corporate acquisitions and industry reorganization by integrating the efforts of MHBK and MHSC to provide optimal financing packages. MHBK MHSC Finance: US$462 billion Bond Issuance: US$21 billion Equity Issuance: US$9.2 billion Joint Lead Arranger Joint Bookrunner J.P. Morgan, Mizuho, Wells Fargo Joint Bookrunner (All Notes) J.P. Morgan, Mizuho, Wells Fargo Joint Bookrunner J.P. Morgan, Mizuho, Wells Fargo, and others 28

6 Securities Functions In corporate business, we are meeting securities needs of Mizuho s customers by leveraging MHSC s strengths regarding the offerings of such investment banking solutions as those involving equity and bond underwriting, M&A advisory services, and structured finance as well as by providing asset management products, investment information, and other solutions. We have set goals of contributing to the economic growth of Japan, Asia, and the world and becoming a company that shares in the joy of our customers success. To achieve these two objectives, we will substantially step up our drive to offer even higher-value-added products and services in a timely manner, as we further accelerate our collaboration with Mizuho s banking and trust banking arms. Planet Booths MHSC s consulting booths located in the lobbies of MHBK s branches. Major Business Results Achieved through Collaboration between MHBK, MHTB and MHSC 1. [MHBK+MHTB+MHSC collaboration] Balance of Investment Products* (trillions of ) 2. [MHBK+MHSC collaboration] (No. of deals) M&A Advisory for Publicly Announced Deals MHBK MHTB MHSC As of March 31, 213 As of March 31, 214 As of March 31, 215 FY212 FY213 FY214 * Total of individual annuities, investment trusts, JGBs sold to individuals, * Number of transactions basis, any Japanese involvement publicly foreign currency deposits, etc. announced, excluding real estate transactions (Source) Prepared by MHSC based on data from Thomson Reuters 3. [MHBK+MHSC collaboration] (No. of deals) Number of Contracts to Undertake the Execution of Wills Service 1,6 4. [MHBK+MHSC collaboration] (billions of ) Gross Profits from Overseas DCM* Business ,4 1 5 FY212 FY213 FY214 FY212 FY213 FY214 * DCM: Debt Capital Markets (bond underwriting) 29

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