To implement a group-wide strategy, developed by the holding company, which takes into account the business circumstances of each group company and for the business plans of each group company to be developed in accordance with such group-wide strategy. These various strategies across the group companies are to be developed in a unified and timely manner with a view to optimizing management resources.

To strengthen the holding company’s management structure so that any events that occur with respect to a group company can be reflected in the business administration of the group companies in a more prompt manner.

To realize a more prompt decision-making process and to streamline operations and personnel.

To promptly respond to various customer needs Mizuho will redefine customer segments in a more detailed manner and establish a cross entity structure across MHBK and MHCB that will ensure the provision of appropriate business solutions to each customer.

To offer various financial services that meet every possible customer need in a prompt manner through group wide collaboration, Mizuho will strengthen business promotion activities through cross-organizational development of the financial know-how and industry knowledge of both MHBK and MHCB.

To establish an organizational structure that would enhance market related profits through the strengthening of market operation efficiencies, both in the use and sourcing of funds, the effective utilization of risk capital and enhanced risk management.

The groups within the Corporate Planning and Management Unit will be reorganized according to their respective duties and functions and, in principle, the executive officer in charge will assume the corresponding post at each of MHFG, MHBK and MHCB concurrently.

The divisions that comprise each group will also be reorganized according to their respective duties and functions and, in principle, the general manager in charge will assume the corresponding post at each company concurrently.

In principle, the executive officer of MHFG in charge of the corporate planning and management unit will concurrently serve as the vice executive officer in charge of Mizuho Trust & Banking Co., Ltd.

With respect to business promotion structure of MHBK and MHCB in relationship management business, customer segments will be redefined in more detail based on customer characteristics and an organizational structure across MHBK and MHCB for each segment will be established, in order to better meet the diversified needs of customers in a prompt manner. Specifically, customer segments will be reorganized into 6 units, the “Corporate Banking Unit (Large Corporations)”, the “Corporate Banking Unit”, the “Financial Institutions & Public Sector Business Unit”, the “Retail Banking Unit”, the “Personal Banking Unit” and the “International Banking Unit” (collectively, “relationship management units”), and an organizational structure across MHBK and MHCB will be established to offer advanced solutions to the specific needs of the targeted customers of each unit. The organizational change undertaken pursuant to the “substantive one bank” reorganization will not affect any business promotion division/branch that is a direct contact of a Mizuho customer.

From the perspective of efficient management resources utilization and facilitating the sharing of business know-how, those organizations that provide product functions will be consolidated into multiple units across MHBK and MHCB, separate from the relationship management units. Specifically, such organizations will be reorganized into three units, the “Investment Banking Unit”, the “Transaction Banking Unit” and the “Asset Management Unit”, so that each unit can provide products that meet the needs of MHBK and MHCB customers on a group-wide basis. In addition, a “Securities and Trust Collaboration Enhancement Division” will be established in both MHBK and MHCB and will act to facilitate collaboration between the banking and trust functions and between the banking and securities functions. Mizuho expects that these measures will lead to improvements in customer convenience, as customers of both banks will be able to take advantage of the product expertise accumulated by both banks.

Those organizations that provide market functions will be consolidated into the “Market Unit” across MHBK and MHCB in order to enhance market related profits.

In principal, the executive officer in charge of each unit will assume the corresponding post at each of MHBK and MHCB concurrently.