A Message from the President & Group CEO of Mizuho Financial Group
Progressive Development of "One Mizuho" —The Path to a Financial Services Consulting Group
We would like to express our sincerest gratitude to you—our shareholders, customers, and other stakeholders—for your continued trust and patronage.
Previous Medium–Term Business Plan: "One Mizuho New Frontier Plan—Stepping Up to the Next Challenge"
Under the previous medium–term business plan, "One Mizuho New Frontier Plan—Stepping Up to the Next Challenge," which we initiated in fiscal 2013, we drew on the comprehensive strengths of the Mizuho Financial Group to respond to the diverse needs of our customers and promoted the "One Mizuho Strategy." Also, to strengthen our management base, we adopted measures to structure an advanced corporate governance system by enhancing the functions of our holding company and making the transition to a "company with three committees", while also taking initiatives to establish a stronger corporate culture.
Performance in Fiscal 2015: Steady Progress toward Transitioning to a Stable and Sustainable Earnings Structure
In fiscal 2015, ended March 31, 2016, profit attributable to the owners of the parent amounted to JPY 670.9 billion, which was 6% higher than our outlook of JPY 630.0 billion. In addition, our common equity Tier 1 (CET1) capital ratio at the end of the fiscal year (including the Eleventh Series Class Ⅺ Preferred Stock, on a fully effective basis) was 10.85%, which was higher than the target under the previous business plan. In addition, we attained almost all our financial targets under the previous medium–term business plan. This included raising the proportion of income from customers based outside Japan and increasing the proportion of non–interest income from customer groups. Through these initiatives, Mizuho is steadily making the transition to a stable and sustainable earnings structure.
Our New Medium–Term Business Plan: Progressive Development of "One Mizuho"—The Path to a Financial Services Consulting Group
In view of the results under the previous medium–term business plan and issues to be addressed, we formulated a new business plan entitled Progressive Development of "One Mizuho"—The Path to a Financial Services Consulting Group and announced it on May 13. This new business plan aims to structure a new business model that we have titled a "financial services consulting group" and continue to make progress in the implementation of our "One Mizuho Strategy." Under the new plan, we will position asset management functions as well as research and consulting functions along with banking, trust banking, and securities as two major pillars of our business activities. More so than previously, we will provide our customers with the best and most appropriate services, and, by increasing customer satisfaction with our services, Mizuho aims to become an indispensable partner in the sustainable development of corporate customers and in securing the future of individual customers.
The Mizuho Financial Group will aim to become the most trusted financial services group with a global presence and a broad customer base, contributing to the prosperity of Japan, the rest of Asia, and the world as a whole. Under the banner of "One Mizuho," all management and staff of the Group will work together to steadily increase the Group's corporate value.
We sincerely appreciate your continued support of these endeavors.
President & Group CEO
Member of the Board of Directors
Mizuho Financial Group, Inc.
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