Corporate Profile - mizuho-sc.com · proposal on business insurance Integrated group-wide services for our clients Timely and effective responses to our clients’ diverse financial

CorporateProfileMizuho Securities

Carrying out a central role as a securities company under the One Mizuho umbrella

In fulfilling our unique role as a comprehensive securities company, Mizuho Securities pursues a Mizuho Financial Group strategy which brings together banking, trust banking, and securities under the united One Mizuho umbrella. We have strived to become our clients’ first choice as a securities company offering a comprehensive lineup. Since then, we have continued to grow as a securities company supported by a global client base, stable financial standing, and solid corporate functions enabling us to offer you the widest range of consulting capabilities in tandem with sophisticated products.

Addressing diverse needs is our forte

Mizuho Securities is dedicated to serving as your one-stop shop for comprehensive financial services through our branch network (the industry’s most extensive retail network across Japan) and via the establishment of joint branches with other Mizuho group companies, such as “Planet Booths” which we have set up in Mizuho Bank lobbies, enabling bank customers to easily access the full spectrum of our securities services.

If you are an individual client, you have all the advantages of our diverse lineup of financial products and exceptionally-insightful investment information to serve your needs whenever and wherever thanks to our popular online and call center services in addition to our nationwide branch network. You can be sure that we will

Always aiming to be our clients’ most–trusted partner and their first choice among securities companies

always act in your best interests, underpinned by an action plan designed specifically to ensure prudent execution of our fiduciary duty. We also undertake various initiatives to offer you sophisticated solutions customized to your needs.

If you are a corporate client, we make sure you have access to our wide-ranging investment banking solutions such as equity and bond underwriting, M&A advisory services, structured finance, and stock listing support. We have the architecture needed to support your company’s business strategy backed by our strong track record and incomparable professional knowhow. In addition, we provide asset management products and investment information tailored to your company’s investment strategy needs via bases across Europe, the Americas, and Asia unified as one to serve you.

Our aim: Creating value together with you

We play a unique role as the only comprehensive securities company in Japan, enabling Mizuho group to realize its aim as a financial services consulting group. Furthermore, in the midst of drastic changes impacting the financial services industry worldwide, we are dedicated to fully leveraging Mizuho’s resources to both fulfill our societal mission as a securities company and serve as your most-trusted partner in creating value.

I sincerely ask for your continued support as we pursue these goals.

September 2018

President & CEO

Message from the President & CEO

Mizuho Securities Co., Ltd. 1

Asset management

Clients

Mizuho Securities

Equities, bonds,investment trusts,

fund wrap,NISA accounts,

providing investment information

Real estate

Guidance on real estate matters

Capital policy, corporate strategy, and financial strategy

Arrangement of IPOs, fundraising assistance, and advisory services

Mizuho Bank

Ordinary deposits, time deposits,

foreign currency-

denominated deposits, etc.

Mizuho Trust & Banking

Deposits, money trusts, etc.

Asset Management One

Asset management services, etc.


Testamentary services, educational fund

giving trusts, etc.


Real estate brokerage services,

guidance on the effective use of

real estate, etc.

Mizuho Trust Realty

Real estate brokerage services,

etc.

Mizuho Research Institute

Research, business consulting,

etc.


Securities transfer agent operations,

marketable securities trusts,

etc.

Mizuho Bank

Lending operations, assistance in entering

overseas markets, advisory services,

etc.

Asset succession

Guidance on inheritance/gift matters,guidance on asset/business succession,

proposal on business insurance

Integrated group-wide services for our clients

Timely and effective responses to our clients’ diverse financial needsIn continuing to carry out our One Mizuho aim to serve as the only comprehensive securities company able to offer all the advantages of a united financial group, Mizuho Securities is constantly striving to promote integrated group management of banking, trust, and securities functions. We offer a wide range of services such as asset management and succession through equities and investment trusts, further enhanced by working closely with all companies across the group to meet the diverse financial needs of clients as quickly and accurately as possible.

· When referring clients to affiliated companies that provide the services above, we may request clients to provide written consent to share their information with providers of said services.

· There may be cases where said affiliated company is unable to provide the services the client requires.

· The client may be liable for fees determined by the service provider in relation to services provided by Mizuho Securities or by the affiliated company referred by Mizuho Securities. In using said services, the client may experience losses due to price fluctuations and other factors, which in some cases (such as derivatives transactions) may exceed the capital invested by the client.

· Service details and key considerations for each may differ, and as such it is essential that clients carefully read contracts (and any documents explaining said services) before signing any contracts. It is important for clients to understand that the decision regarding whether to utilize services (conclude contracts) is theirs alone.

2 Mizuho Securities Co., Ltd. Mizuho Securities Co., Ltd. 3

No. 2 No.1

Banking-Trust-Securities integrated operations

Planet Booths

Located in the lobbies of Mizuho Bank branches, these joint branches with Mizuho Bank enable clients to access a full line of securities services.

Under the slogan “One Mizuho,” we will further accelerate integrated efforts involving all Mizuho group entities thus enabling us to offer banking, trust, and securities services which resonate with the needs of our clients.

Equity Analyst Ranking

Survey on Most Popular Bond/Forex Analyst/Economist

M&A Advisory Business

Bond Underwriting Business

Structured Finance Business

Domestic Networkas of June 30, 2018

Seminars

262 offices 1,500 seminars

Over

Including 37 joint branches providing banking, trust banking, and securities services jointly

Including 2 joint branches providing trust banking and securities services jointly

262 offices

Industry-leading

Drawing on our industry-leading retail network of 262 offices across Japan, we have the capacity to deliver services finely tuned to client needs.

Details on p. 22

2nd consecutive

year

Amount

Amount

Deals

Mizuho Financial Group, Inc.

Banking Trust banking Securities

Mizuho Bank, Ltd. Mizuho Trust & Banking Co., Ltd.

Mizuho Securities Co., Ltd.

Trusts

Securities

Branches, sub-branches,

and Trust Lounges

Head Office, branches, sales offices,

and Planet BoothsBanking

Branches and sub-branches

Other core group companies

A leading presence in financial markets

Taking One Mizuho to a new stage

As a comprehensive securities company Mizuho Securities strives to promote the seamless integration of our group’s banking, trust, and securities arms under the One Mizuho strategy.

These efforts have enabled us to expand our retail network to 262 offices* across Japan and thus gain a leading position in the domestic industry and we haven’t looked back. We continue to establish joint branches with Mizuho Bank, including additional Planet Booths established inside the lobbies of Mizuho Bank branches around the country. In this way, we can deliver a comprehensive selection of Mizuho financial services at a single location.

Under the slogan “One Mizuho,” Mizuho brings together multiple financial functions in terms of banking, trust, and securities solutions to consistently meet the diverse needs of clients.

To further enhance collaboration under the One Mizuho commitment, group companies are accelerating collective efforts to effectively leverage group-wide capabilities.

We also have a solid track record of excellence in investment banking, including bond and equity underwriting and M&A advisory-services which constantly receive impressive evaluations from clients.

As a securities company, Mizuho Securities is ranked No. 2 and many of our analysts are ranked No.1 by industry according to equity analyst rankings conducted by some of the most prominent financial periodicals, receiving high praise from institutional investors as well.

*As of June 30, 2018

All figures for the number of offices are as of June 30, 2018.

Joint branches

Including 146 joint branches providing banking and securities services jointly

Mizuho Securities - What sets us apart

p. 7

Details on p. 6

p. 7

Details on p. 6, 12 p. 7, 12

No. 2

No. 2

No.1

Topics included:• Domestic and overseas investment

environment• Equities, bonds, and investment trusts• NISA • Fund wrap • Inheritance/gift and will

Details on p. 13

In FY2017, we conducted over 1,500 seminars nationwide for individual clients, including seminars in collaboration with the other group companies. We will continue to organize seminars addressing a broad range of themes to meet client needs.

Deals


Equity Analyst Ranking

Aiming to be the best financial services provider

Survey on Most Popular Bond/Forex Analyst/Economist

IPO Lead ManagerFY2017

Mizuho Securities has achieved a strong track record and earned a first-class reputation by drawing on the group’s diverse expertise to offer a full line of financial solutions to meet the diverse needs of clients.

We will seek to establish competitive advantage by maximizing Mizuho’s strengths while supporting the sustainable growth and development of clients, economies, and communities.

In the Nikkei Veritas and Institutional Investor magazine annual analyst rankings for 2018 based on votes of institutional investors, we ranked No. 2 in equity analyst ranking by company and many of our analysts ranked No. 1 in rankings by industry.

Annual Rankings by Company

2014 2015 2016 2017 2018

Nikkei VeritasAnnual Analyst Ranking

No.1 No.1 No.1 No.1 No. 2Institutional Investor

All-Japan Research Team Ranking

No.1 No.1 No.1 No.1 No. 2

Mizuho Financial Group ranked No.1 in the 2018 Nikkei Veritas survey on most popular bond/forex analyst/economist for companies, marking the second straight year.

The number of deals we have won has increased significantly since the 2013 merger1, and for FY2017 we ranked No. 2 in number of IPO lead manager deals2.

No. 2 No.1 No. 2

No. 2 No.4 No. 2 No.1

Based on underwriting amount and issuance dateFigures above include straight bonds, investment corporation bonds, FILP agency bonds, local government bonds (lead manager method only), samurai bonds, and preferred securities, and exclude corporate treasury debt.Source: Prepared by Mizuho Securities based on data from I-N Information Systems

Based on number of deals; any Japanese-related dealsReal estate deals excludedSource: Prepared by Mizuho Securities based on data from Thomson Reuters Markets

Based on underwriting amount and issuance dateFigures above are the sum of equities from initial public offerings, equities from existing public offerings, and convertible bonds (including REITs)Source: Prepared by Mizuho Securities based on data from Thomson Reuters Markets

Based on deal amounts and settlement datesSource: Prepared by Mizuho Securities based on data from Thomson Reuters Markets

3,036.5

19.6

FY2014

2,285.1

17.1

FY2015 FY2016

3,195.2

20.8

FY2017

2,749.1

18.9

Total Domestic Bonds from Public OfferingsAmount (JPY bn) Share (%)

Bond Underwriting

Amount Amount Deals

452.6

11.9

745.7

13.7

443.1

12.6

583.7

12.7

FY2014 FY2015 FY2016 FY2017

Total Domestic and Cross-border EquitiesAmount (JPY bn) Share (%)

Equity Underwriting

1,155.6

179

1,844.6

170

1,643.1

154

1,642.6

148

FY2014 FY2015 FY2016 FY2017

ABS Lead Manager Amount (JPY bn) No. of deals

Structured Finance Business

Amount

3,753.4

167

3,214.2

169

6,970.6

182

2,528.2

218

FY2014 FY2015 FY2016 FY2017

M&A Advisory for Announced DealsAmount (JPY bn) No. of deals

M&A Advisory

914

FY2014 FY2015 FY2016

16

FY2017

16

No. of dealsIPO Lead Manager

Annual Score Ranking by Company

2014 2015 2016 2017 2018

Nikkei Veritas

Survey on most popular bond/forex analyst/economist

No. 2 No. 5 No. 2 No.1 No.1

ABS Lead Manager (Apr. 1, 2017 - Mar. 31, 2018)

Rank Company Name No. of deals Amount (JPY bn)

1 Mizuho Financial Group 148 1,642.62 Sumitomo Mitsui Trust Holdings, Inc. 15 633.4

3 Sumitomo Mitsui Financial Group 25 578.1

4 Morgan Stanley 13 459.0

5 Daiwa Securities Group Inc. 10 368.2

Total Domestic and Cross-border Equities (Apr. 1, 2017 - Mar. 31, 2018)

Rank Company Name Amount (JPY bn) Share (%)

1 Nomura Securities 1,115.5 24.2

2 Daiwa Securities Group Inc. 931.2 20.2

3 Sumitomo Mitsui Financial Group 663.2 14.4

4 Mizuho Financial Group 583.7 12.75 Morgan Stanley 515.6 11.2

M&A Advisory for Announced Deals (Apr. 1, 2017 - Mar. 31, 2018)

Rank Company Name No. of deals Amount (JPY bn)

1 Sumitomo Mitsui Financial Group 248 1,966.3

2 Mizuho Financial Group 218 2,528.23 Nomura Securities 108 6,766.8

4 Kaede Group 59 3.0

5 KPMG 53 442.9

Total Domestic Bonds from Public Offerings (Apr. 1, 2017 - Mar. 31, 2018)

Rank Company Name Amount (JPY bn) Share (%)

1 Nomura Securities 3,015.2 20.7

2 Mizuho Securities 2,749.1 18.93 Mitsubishi UFJ Morgan Stanley Securities 2,636.2 18.1

4 Daiwa Securities 2,581.2 17.8

5 SMBC Nikko Securities 2,520.3 17.3

League tables

1 Since the merger of the former Mizuho Securities and former Mizuho Investors Securities

2 Based on data from Capital Eye Top-left basis REITs and global offerings excluded

Deals

2nd straight

yearDeals


Diverse products and services

Channels

At Mizuho Securities, individual clients are provided a wide range of investment information and financial products, including Japanese and foreign equities and bonds, investment trusts, and wrap accounts. At the same time, we also offer individual clients professional financial services backed by our expert knowhow in close collaboration with other Mizuho companies.

Corporate clients, on the other hand, can choose from among a diverse array of investment banking solutions, including support to aid companies transitioning from private to public, capital raising, business succession, and investment products, all expertly designed to resonate with the specific corporate strategies of each client.

At Mizuho Securities, we cater to increasingly diverse client needs via our key call center and online (Mizuho Securities Net Club) services in addition to an industry-leading domestic retail network.

One Mizuho InitiativesIn addition to the efforts made so far such as the development of joint branches between ourselves and Mizuho Bank and Mizuho Trust & Banking, the establishment of Planet Booths, and the referral of Mizuho Bank customers looking to invest in securities, the Retail & Business Banking Division is committed to further accelerating Banking-Trust-Securities integrated operations. Some of the services we have begun to offer include financial products brokerage services at all domestic branches of Mizuho Bank, bank agency services of Mizuho Bank at all branches of Mizuho Securities, and trust agency services (testamentary services, educational fund giving trusts, and calendar year gift trusts) of Mizuho Trust & Banking at all branches of Mizuho Securities.

Business model

Retail and medium-sized corporate business

Drawing on an industry-leading Japan-wide retail network, Mizuho Securities has established a structure for the Retail & Business Banking Division designed to address the needs of a wide range of clients—from individual to corporate.

Moreover, we have developed various channels, including call center services and online services (Mizuho Securities Net Club), to meet increasingly diverse client needs.

Delivering expertly-tailored services through our industry-leading retail network

In addition to accepting client orders, our call center service handles a wide array of inquiries such as requests to handle various procedures and provide reference materials.

Call Center

* Evaluations are conducted by HDI support center certified testers and volunteer testers from among the public who gather evaluation data by making phone calls to the call centers, target companies. Customer service quality of each call center is evaluated in accordance with criteria based on HDI international criteria from the perspective of clients via four rankings: 3 Stars, 2 Stars, 1 Star, and No Star.

Joint branchesTo enhance the consulting functions of Banking-Trust-Securities integrated operations, we are opening joint branches under a new concept of providing integrated (banking, trust, and securities) services at “one-stop” locations as well as strengthening the operation of our “terminal” branches.

Drawing on an industry-leading Japan-wide retail network, our sales officers offer clients expert guidance on how to manage their assets, underpinned by carefully tailored services to perfectly match their needs.

Sales Offices

Mizuho Securities Net Club service empowers clients to quickly buy and sell products, such as equities and investment trusts, and provides them with timely information enabling them to make well-informed decisions regarding their investments.

Online Online trading serviceMizuho Securities Net Club

Mizuho Securities Net Club Search

Attained the Highest Rating from HDI of 3 Stars for Customer ServiceMizuho Securities call center attained the highest rating of 3 Stars for FY2018 Customer Service Ranking* benchmark hosted by HDI-Japan, a Japanese branch office of HDI (the world’s largest membership association created for the technical support industry).

Highlight

Obtained “COPC CSP Standard 5.2” in October 2017Authorized by US-based Customer Operations Performance Center Inc. (COPC), COPC Standards are international quality assurance standards for contact centers, granted only to those organizations which achieve excellent performance and realize incomparably high levels of customer satisfaction.

Highlight


Share of Yen-Denominated Bond Transactions Share of TSE Trading Value20 (%)

15

10

5

02011 2012 2013 2014 2015 2016 2017 (FY)

4.0 (%)

3.0

2.0

1.0

02014/H1 2014/H2 2015/H1 2015/H2 2016/H1 2017/H2 (FY)2016/H2 2017/H1

Business model

Markets & products business Investment banking businessEstablishing a top-tier presence in financial markets by offering investment products and services tailored to client needs

Offering cutting-edge investment banking services of the highest-quality to clients around the world

Figures up to 2012 are those of “former Mizuho Securities.”** Former Mizuho Securities is an entity prior to the merger on January

4, 2013 with former Mizuho Investors Securities.

In a survey conducted by Greenwich Associates on yen-denominated bond trading quality in 2017, Mizuho Securities received high marks in the categories of sales quality, research quality, and trading quality.

In a survey conducted by Greenwich Associates in 2017, Mizuho Securities received high marks in the categories of Japanese equity research/advisory vote share and Japanese equity trading share.

Source: Prepared by Mizuho Securities based on data from Greenwich Associates

Fixed income

Bond underwriting

Equity underwriting Structured finance

Equity

M&A advisory

Mizuho Securities has established itself as the market leader in yen-denominated bonds, having secured top market share. We dedicate our efforts to delivering products expertly tailored to our clients’ investment strategies, proactively engaging in market making, and providing highly-sophisticated information. Furthermore, we are making efforts to strengthen cross-border transactions through fully-integrated domestic and overseas operations to effectively leverage global markets in responding to our clients’ diverse needs.

Mizuho Securities has earned a first-class reputation as an industry leader in bond underwriting operations backed by proven skills in proposing solutions inherently-suited to market conditions and issuer needs, an ability to determine prices that accurately reflect investor demands, an incomparable responsiveness to market changes, and a strong track record in bond sales.

Mizuho Securities has achieved sector-leading performance in equity underwriting operations, serving as a lead underwriter in a number of large finance deals thanks to superior underwriting knowhow and strong equity selling power both in Japan and overseas. We also provide extensive support to companies transitioning from private to public.

Mizuho Securities has also achieved a strong track record and earned a first-class reputation in structured finance operations, particularly regarding the securitization of various financial assets such as monetary claims and real estate. Accordingly, we have lived up to our reputation as a front-runner in Japan’s securitization market.

In the equity business, Mizuho Securities is committed to properly satisfying increasingly sophisticated client needs by expanding IR services for clients both in Japan and overseas as well as offering enhanced execution services for electronic transactions, while at the same time leveraging a stronger research team across the Pan-Asian region in addition to the strengthening of our sales and trading structures. Likewise, by constantly making upgrades, we ensure that both corporate and individual clients are able to take advantage of state-of-the-art transaction methods and cutting-edge research.

Mizuho Securities has a top-class track record in M&A advisory business, underpinned by cutting-edge knowledge and expertise that enables us to offer clients advice in line with their management strategies. Our advisory services reach far beyond Japan’s borders, to cross-border deals, which are experiencing a substantial increase in recent years.

The Global Markets Division offers a highly-diverse range of value-added investment products and services to properly satisfy the increasingly sophisticated needs of clients both in Japan and overseas while also effectively leveraging our international network of subsidiaries.

We will continue to further reinforce our sales and trading structures by focusing on client relationships and achieving a more solutions-centric business.

The Global Investment Banking Division at Mizuho Securities comprises “coverage” units, which nurture relationships with clients, and “products” units, which create highly-specialized solutions for clients.

These units work in harmony to provide sophisticated investment banking services, including equity or bond financing through capital markets and M&A advisory services as part of management strategies to meet increasingly diverse and complex client needs.

Mizuho Securities is currently ranked No.10 in terms of US corporate bond DCM league tables for FY2017.

US corporate bonds: bonds externally-rated as investment grade and above issued by US corporations with issuance amounting to at least USD 250 million. However, this excludes emerging debt, corporate treasury debt, and sole lead manager deals.

Highlight


Highest reputation in the industry as Japan’s best research house for both equities and bonds

In the category of bond research, the 2018 survey conducted by Nikkei Veritas ranked Mizuho Financial Group as No.1 for the second straight year for most popular bond/forex analyst/economist. In the category of equity research, we were voted No. 2 by institutional investors in terms of equity analyst ranking as reported by Nikkei Veritas and Institutional Investor magazines, respectively, while many of our analysts ranked No.1 by industry.

We continue to make efforts to further improve our global research capabilities.

Mizuho Investment Conference event (held in Tokyo) Investment Environment Seminar

Voted No.1 in the 23rd Annual Survey on Most Popular Bond/

Forex Analyst/Economist (Overall Company Ranking and

Overall Group Ranking) of Nikkei Veritas

Voted No. 2 in the 30th Annual Analyst Ranking

(Overall Company Ranking) of Nikkei Veritas

Voted No. 2 in The 2018 All-Japan Research Team

Ranking of Institutional Investor

A team of experts dedicated to addressing the various potential challenges Mizuho customers face

Business model

Voted No.1 in 9 out of 32 business categories in the 30th

Annual Analyst Ranking of Nikkei Veritas

Research (in-depth investment information)

Offering timely and in-depth survey analysis and research by industry-leading experts to support clients’ asset management

At Mizuho Securities, we have an outstanding survey system in place, consisting of an expert team of highly-specialized analysts, strategists, and economists who review and analyze economic trends in Japan and overseas, as well as industry trends, listed companies, equities, interest rates, and foreign exchange factors from various perspectives.

Based on their findings, we prepare a wide range of information including outlooks and investment strategies which are potentially valuable in managing assets of investors. Such information ultimately becomes the basis of various reports, seminars, and investor events as well as media reporting.

Research business

Investment information for individual clients

Seminars and investor events

Mizuho Securities understands the needs of institutional investors both in Japan and overseas, and therefore is currently developing an even stronger research team across the Pan-Asian region, including Japan. Our equity research team, which includes top class investment strategists and sector analysts, addresses the entire range of information needs by providing evaluations of industry trends and individual companies, by developing equity investment strategies and by performing quantitative analysis.

Mizuho Securities has one of the most highly-advanced teams of economists and analysts in Japan for fixed income research business, which provides outlooks on economic and interest-rate-related trends in Japan and overseas, credit analysis of issuers, assessments of the impact of monetary policies in Japan and overseas, and fixed income investment strategy proposals to mention a few. In addition, we also collaborate closely with economists at our overseas subsidiaries and thereby provide information on a global scale through publications such as global macroeconomic reports.

Mizuho Securities provides individual clients with easy-to-understand research and market information. We strive to offer information which contributes to the medium and long-term asset growth of our clients, including reports on domestic and global economic conditions, market conditions, industry trends, and individual stocks provided in our periodical publications Market View and Outlook. Moreover, we also publish

the “Mizuho Mirai Yosoku” reports which specifically focus on timely equity investment themes currently in the spotlight.

We also deliver the latest market information through our free video service which includes “Mizuho Monthly View” and the Nikkei CNBC program “Hiru Express,” available via our website.

Institutional investors Individual clients

Mizuho Securities holds seminars and investor events aimed at various institutional investors, both large and small.

Held every September in Tokyo, the Mizuho Investment Conference is the largest of these and consists of a series of one-on-one meetings between companies and investors and workshops featuring important topics. Last year’s event (FY2017) was successfully held with approximately 1,200 institutional investors as well as some 350 companies in attendance from Japan and overseas.

In FY2017, we conducted over 1,500 seminars nationwide for individual clients covering various topics. In addition to holding New Year Seminars and Summer Seminars at all branches nationwide to provide asset management information on equities, investment trusts, wrap accounts, etc., we leveraged Mizuho’s collective strength by collaborating with Mizuho Bank and Mizuho Trust & Banking to offer seminars on themes such as inheritance/gift and testaments.

Highlight


Name Mizuho Securities Co., Ltd.

Head Office location

Otemachi First Square 1-5-1,Otemachi, Chiyoda-ku,Tokyo 100-0004 JapanTel: +81-3-5208-3210

Established July 1917

Representative President & CEO: Koichi Iida

Main business Financial instruments Business

Registration numberRegistered with the Director of the Kanto Local Finance Bureau of the Ministry of Finance (Kin-sho) No. 94

Capital JPY 125,167 million

Number of employees 7,554 (as of March 31, 2018)

NetworkDomestic: 262 officesOverseas: 9 offices

Stock exchange membershipsTokyo Stock Exchange, Osaka Exchange, Nagoya Stock Exchange, Fukuoka Stock Exchange, Sapporo Securities Exchange, and Tokyo Financial Exchange

Association memberships

Japan Securities Dealers Association,Japan Investment Advisers Association,The Financial Futures Association of Japan,and Type II Financial Instruments Firms Association

(as of June 30, 2018) (as of June 30, 2018)

Funds • Basic Capital Management, Ltd.• Mobile Internet Capital, Inc.

From venture capital to buyouts, our group subsidiaries and affiliates (a few of which are listed above) manage investment funds covering a broad spectrum of investment themes, including IT and business succession.

Head Office support • Nippon Securities Technology Co., Ltd.• Mizuho Securities Business Service Co., Ltd.• Mizuho Securities Property Management Co., Ltd.

To conduct smooth and reliable transactions with clients, Mizuho Securities has established subsidiaries and affiliates to provide backup support for its IT and office processing operations.

Principal investment • Mizuho Securities Principal Investment Co., Ltd.Drawing on a wide client base, the company commits capital to its investment funds, corporate investors, and real estate.

Consulting • Japan Investor Relations and Investor Support, Inc.Japan Investor Relations and Investor Support offers consulting and survey services such as surveys to identify shareholders, IR arrangements, IPO consulting, and surveys and research related to corporate governance, as well as educational services such as seminars and assistance in obtaining qualifications.

1967 New Japan Securities2000 Shinko Securities

2000 Mizuho Securities

1927 Daito Securities

1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010

2000Mizuho Investors Securities

1985 Kokyo Securities

1922 Nippon Kangyo Securities1905

1965 Public Telephone Securities

1990 Kankaku Securities

1993 IBJ Securities

1994 Fuji Securities

1994 DKB Securities

1937 Kakumaru Securities

1910 Mochizuki Shoten (1944)

1888 Imai Shoten

1891 Tamatsuka Shoten

1891 Fukushima Namizo Shoten

1959 Daisho Securities1917 Osaka Shoji

1947 Ohi Securities

2001Mizuho Investors Securities

2009Mizuho Securities

2013

Mizuho Securities

1968 Wako Securities

1967Nippon Kangyo Kakumaru Securities

1944 Tamatsuka Securities

1944 Yamakano Securities

1872 Imamura Shoten

Business transfer (2004)1993 Norin Chukin Securities

1920 Hara Chuzaburo Shoten 1954 Mochizuki Securities (1966)

1905 Nippon Kangyo Bank Gepposha

History

Corporate overview Principal domestic subsidiaries and affiliates

Establishment Merger Company name change


Directors and Board of Directors

The Board, which is composed of 18 directors, is responsible for determining corporate management policies and other significant matters, as well as for supervising the execution of duties carried out by directors and executive officers. We have further enhanced management supervisory functions of the Board of Directors with the appointment of four outside directors who oversee the operations in a position independent from business execution.

Additionally, having shifted a major portion of business execution decision-making authority from our Board to our executive directors, we are aiming to realize an even faster decision-making process. At the same time, we are striving to enhance the quality of Board discussions regarding matters of particular importance.

Audit & Supervisory Committee

As a company with an Audit & Supervisory Committee structure, we have established an Audit & Supervisory Committee consisting of five members, of which three are outside directors.

The Audit & Supervisory Committee audits director performance. Each member of the Audit & Supervisory Committee also exercises Board-related voting rights, strengthening our ability to effectively monitor management oversight while enhancing the effectiveness of audit and supervisory functions.

Those appointed to serve on our Audit & Supervisory Committee serve in full-time positions as this involves necessary collection of internal information and close collaboration with internal audit divisions.

Execution of Duties

Mizuho Securities also has an executive officer system in place to ensure a clear separation between management supervisory functions and business execution while clarifying authority and responsibilities. The President & CEO is ultimately responsible for executing business in accordance with basic management policies determined by the Board of Directors.

Organizational structure

Supervision Auditing

General Meeting of Shareholders

Board of Directors Audit & Supervisory Committee

President & CEOExecutive Management Committee

Internal Audit Committee (including external members)

Divisions, Units, Groups, etc.Business policy committees (Compliance Committee and others)

Internal Audit Dept.

(as of June 30, 2018)

Corporate governance Organizational structure

(as of June 30, 2018)

Financial Control & Accounting Group

Risk Management Group

Human Resources Group

IT & Systems Group

Operations Group

Compliance Group

Investment Dept.

Markets Strategic Intelligence Dept.

Due Diligence Dept.

Strategic Planning Group

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Global Investment Banking Division

Retail & Business Banking Division

Research & Consulting Unit

Internal Audit Group

Global Markets Division

Syndication Business Division

Executive Secretariat

Equity Business Division

Fixed Income Business Division

Public & Financial Institutions Business Division

Products Business Division

Investment Banking Business Division

Branches/Planet Booths

Fund Business Division

Basic approach regarding corporate governance

Corporate governance structure

At Mizuho Securities, we constantly seek new ways to streamline our organization and enhance management speed. At the same time, we have been taking steps to achieve a more advanced corporate governance platform by ensuring separation between management supervisory functions and business execution while clarifying authority and responsibility through the establishment of an executive officer system. We will continue to strive for highly transparent and efficient management. At the same time, taking full compliance as our basic management principle, we strictly comply

with all laws and regulations and carry out business activities in a fair and honest manner in line with accepted societal norms. Furthermore, we are also leveraging initiatives, designed to fulfill our fiduciary duty, to enhance the client-centric nature of our business operations.

In addition to such compliance efforts, Mizuho Securities has adopted the group-wide Mizuho Code of Conduct, established by Mizuho Financial Group.

Mizuho Securities believes that strengthening management supervisory functions by appointing highly experienced experts as outside directors enhances corporate governance and is an important means of earning the trust of stakeholders. Based on this approach, Mizuho Securities has adopted the corporate governance structure illustrated below.

Moreover, along with other core subsidiaries of Mizuho Financial Group (Mizuho Bank and Mizuho Trust & Banking), on June 22, 2017 we changed our corporate governance system from the previous “Company with Board of Company Auditors” structure to the “Company with Audit & Supervisory Committee” structure in aiming to enhance group-wide corporate governance.


Senior executives

* Messrs. Hidetaka Kawakita, Hideo Etani, Yuji Yoshimasu, and Masaru Ono are “outside directors” as prescribed in Article 2, Item 15 of the Companies Act.

President & CEO Koichi Iida

Deputy President & Executive Officer

Naofumi Fuke Head of Retail & Business Banking Division

Atsushi Takahashi Head of Global Markets Division and Head of Global Markets

Senior ManagingExecutive Officers

Tatsuya Yamada Head of Financial Control & AccountingGroup, Head of IT & Systems Group, Head of Global Finance and Head of Global IT

Toshio Hirota Head of Global Investment Banking Division

Yasuto Hamanishi Co-Head of Global Investment Banking Division, Head of Investment Banking Business Division, Head of Products Business Division and Head of Global Investment Banking

Managing Executive Officers

Masaya Oishi Head of Fund Business Division and in charge of JA Sales Dept. of Global Markets Division

Taiji Kumagai Head of Compliance Group and Head of Global Compliance

Kenji Fujii Head of Research & Consulting Unit, Head of Risk Management Group, in charge of Due Diligence Dept. and Head of Global Risk Management

Hideyuki Kawashima Head of Internal Audit Group and SC Group Chief Audit Executive

Yuzo Kanamori Head of Strategic Planning Group, Head of Operations Group, in charge of Investment Dept. and in charge of Markets Strategic Intelligence Dept.

Sadamu Yoshida In charge of Global Investment Banking Business and in charge of Retail & Business Banking

Hikaru Shimomura Joint Head of Retail & Business Banking Division (in charge of Corporate Business)

Kenji Tsujitsugu Head of Public & Financial Institutions Business Division

Yoshihiro Kishishita In charge of Retail & Business Banking

Keiji Maruko In charge of Global Investment Banking Business

Osamu Endo In charge of Global Investment Banking Business

Jerry Rizzieri Attached to Strategic Planning Group and President & CEO of Mizuho Securities USA Inc.

Michiel de Jong Attached to Strategic Planning Group and President & CEO of Mizuho International plc

Takafumi Matake Head of Human Resources Group and in charge of Executive Secretariat

Toshikazu Hiramatsu In charge of Global Investment Banking Business

Kazumichi Komatsu In charge of Retail & Business Banking

Executive Officers Shinobu Yamazaki Joint Head of Operations Group and Head of Global Operations

Yu Nakaoki In charge of Global Investment Banking Business and in charge of Retail & Business Banking

Hiroshi Mihashi Joint Head of IT & Systems Group

Yasuhiro Shibata Attached to Global Markets Division and Deputy President of Mizuho Securities USA Inc.

Masahiro Ikeda Head of Area of Retail & Business Banking Division

Shinichi Fukui In charge of Retail & Business Banking

Seiichiro Miyaoka Joint Head of Global Markets Division

Yasumitsu Mori Head of Area of Retail & Business Banking Division

Tatsuya Tsunoda In charge of Global Investment Banking Business

Sachie Kinugawa General Manager of Nagoya Branch

Hitoshi Imai Head of Area of Retail & Business Banking Division

Atsushi Yamamoto In charge of Global Investment Banking Business

Masahiro Kihara General Manager of Financial Planning Dept.

Hirobumi Nakayama General Manager of Executive Secretariat

Hiroshi Yoshizawa Co-Head of Fixed Income Business Division

Shinsuke Kawamoto In charge of Retail & Business Banking

Ryoichi Kojima Head of Area of Retail & Business Banking Division

Hideki Ashikari General Manager of Kyoto Branch

Yasuto Sengoku Joint Head of Internal Audit Group

Norifumi Akiyama Head of Syndication Business Division and Head of Global Syndicate

Kenya Koshimizu Co-Head of Fixed Income Business Division

Jun Mochizuki In charge of Global Investment Banking Business

Satoshi Asai Attached to Strategic Planning Group and attached to Financial Control & Accounting Group

(as of August 1, 2018) (as of August 1, 2018)

Board of Directors Executive officers

ChairmanKosuke Nakamura

President & CEO(Representative Director)

Koichi Iida

Executive Managing DirectorManaging Executive Officer

Masaya Oishi


Hideyuki Kawashima

DirectorHidetaka Kawakita*

Director(Audit & Supervisory Committee Member)

Hideo Etani*

Deputy PresidentDeputy President & Executive Officer

Naofumi Fuke

Senior Executive Managing Director(Representative Director)Senior Managing Executive Officer

Tatsuya Yamada


Taiji Kumagai


Yuzo Kanamori


Yasushi Higo


Yuji Yoshimasu*

Deputy PresidentDeputy President & Executive Officer

Atsushi Takahashi

Senior Executive Managing DirectorSenior Managing Executive Officer

Toshio Hirota


Kenji Fujii

DirectorTatsufumi Sakai


Hiroki Takeshi


Masaru Ono*


Mizuho believes in undertaking CSR initiatives that both contribute to the sustainable development of communities and lay

the foundations for the creation and enhancement of new corporate value. The entire Mizuho group is moving forward as

one in working together on CSR initiatives, positioning them as a core component of our corporate culture.

In June 2016, Mizuho Financial Group formulated and publicly disclosed the group’s Diversity & Inclusion Statement, to

foster growth and promote the active involvement of all members of Mizuho’s diverse workforce. Likewise, we at Mizuho

Securities aim to create new corporate value through the continual development of innovative financial products, and the

transformation of services and operational processes to realize the next stage of “diversity” by coupling this with the pursuit

of “inclusion,” as well as by proactively adopting the diverse perspectives and ideas of each employee in day-to-day

operations and decision-making processes.

We continue to set numerical targets befitting our status as a leader in diversity & inclusion and promote innovative

initiatives on a global basis.

Specific initiatives to introduce diverse work styles

Toward sustainable development of communities

The Diversity & Inclusion (D&I) Promotion Committee meets twice a year, attended by a chairman nominated by the President & CEO and also attended by senior executive members representing each division, who discuss policies and measures to promote diversity & inclusion (D&I) to foster growth and promote the active involvement of all members of Mizuho’s diverse workforce. In addition, Mizuho Securities is developing various promotion activities based on duties at each workplace, by appointing the person concurrently in charge of the D&I Office of the Human Resources Dept. as the company-wide promotion leader and by appointing employees at each workplace to serve dual-hat roles as D&I promotion representatives.

In light of the diverse societal challenges we currently face—from environmental change to chronic social issues—we

proactively focus on providing products and services which help to address such challenges including finance for

businesses pursuing renewable energy and support for corporate innovation. In addition, we harness our corporate

resources to back various development initiatives such as achieving sustainable development of capital markets, educating

the next generation, and pursuing volunteer activities.

• Underwriting for and sales of green bonds, social impact bonds, etc.• Support for listing of infrastructure funds, etc.

• Cleanup and administrative support for regional events

• Disaster relief assistance (donations, tree planting, etc.)

• Support for art and culture activities

We enhanced our framework for supporting companies seeking to issue green bonds and other such ESG social impact bonds by establishing a sustainable finance desk and concluding partnership agreements with environmental certification organizations. Such efforts illustrate how, as a structuring agent, we are actively supporting companies that raise capital through ESG bond issuance not to mention our successful handing of the first model pilot project for green bond issuance promoted by Japan’s Ministry of the Environment.

As a good corporate citizen, we promote a wide variety of CSR activities designed to contribute to local communities based on their specific needs, including cleanup events in collaboration with local governmental organizations and administrative support for community events.

We host “Innovation Field,” a conference primarily aimed at strengthening industry-academia-government collaboration through information exchange among major corporations and start-up companies possessing state-of-the-art technology, government bodies, universities, and others.

• Holding conferences to support innovation• Investment in venture capital, etc.

Diversity promotion led by two approaches: top-down and bottom-up

• At Mizuho Securities, we strive to enhance measures to support the work-life balance of employees caring for children or other family members.

• We have set numerical targets regarding female employee representation. We offer female employees opportunities to advance their careers by organizing training for young, mid-career, and experienced employees to increase opportunities for female employees to serve in leadership roles.

• In addition, the entire Mizuho group supports wide-ranging employee-initiated networking activities, including LGBT + ally activities, efforts to promote the active participation of women, globalization efforts, and initiatives to leverage technology to create value.

Promoting the active involvement of diverse employees

• Work-life balance handbook (for employee and supervisor use)

• Seminars for expecting mothers and childcare leave

• Working mothers network (Mama-Net)

• Group workplace childcare centers

• Intranet-based information on caregiving

• Concierge desk for caregivers (free consultation counter by external experts)

Work-life balance initiatives

Meeting of those in charge of promotion of diversityEncouraging male employees to take childcare leaveWork-life balance of employees caring for family members other than children

Mizuho securities numerical targets

Numerical targets Achievement period Most recent results*

Percentage of management positions filled by women

Department Head equivalent 10%

July 2019

6%

Manager equivalent and above 20% 16%

Supervisor equivalent and above 30% 28%

Percentage of paid annual leave taken by employees 70% March 31, 2018 65%

Percentage of eligible male employees who take childcare leave (for children born in FY2016) 100% March 31, 2018 75%

* Percentage of female employees in management positions is as of March 31, 2018. Percentage of paid vacation leave taken is as of March 31, 2017 and that of eligible male employees who take childcare leave is as of March 31, 2017.

In September 2015, based on the Revision of the “Act on Advancement of Measures to Support Raising Next-Generation Children,” Mizuho Securities received Platinum Kurumin certification in recognition of our significant efforts to implement and maintain systems that assist workers in balancing work and childcare.

“Platinum Kurumin” Certification

Targeting environmental issues

• Financial, economic, and investment education for educational institutions and working adults

• Research on teacher training with Waseda University’s Graduate School of Teacher Education

• Providing pro bono courses to universities and graduate schools, etc.

In seeking to broadly nurture capital markets, we host a wide array of programs to enhance the financial literacy of individuals of all ages. These include on-site classes and lectures designed to meet the needs of participants and cover topics such as finance, economics, and investing. In addition, we have been offering pro bono courses to universities and graduate schools, aimed at educating the up-and-coming generation of professionals who will serve as the cornerstone of the capital markets of the future. We also conduct professional and practical lectures covering corporate finance theory and the latest capital market trends.

On-site classes and lectures (FY2017)Number of lectures offered

Number of participants

For educational institutions(Junior and senior high schools, universities, etc.)

38 3,136

For working adults(Companies and local governmental organizations)

20 2,862

Pro bono courses (FY2017)

8 universities and graduate schools; 13 courses

Sustainable development of capital markets and cultivation of the next-generation

Volunteer and other activities to address the needs of local communities

Fostering industry

CSR initiatives Diversity and inclusion initiatives


262 offices1

(as of June 30, 2018)

Nationwide network in Japan

Including105 branches Planet Booths2153We deliver expertly-tailored services to clients nationwide through our network of 262 offices in Japan, the largest in the domestic securities industry.1 Including Tokyo Head Office and regional head offices, which total

three, and one sales branch.2 Planet Booths are consulting booths located within Mizuho Bank

branches.

including

3 Planet Booths

Chugoku/Shikoku

13 offices

Hokuriku/Koshinetsu

10 officesincluding

4 Planet Booths

Hokkaido/Tohoku

6 offices

Kanto[excluding Tokyo]

57 officesincluding

36 Planet Booths

Tokyo

105 officesincluding

83 Planet Booths

Kyushu/Okinawa

11 officesincluding

2 Planet Booths

Kinki

47 officesincluding

22 Planet Booths

Tokai

13 officesincluding

3 Planet Booths

Overseas network

Mizuho Securities USA Inc.

Mizuho International plc

Beijing Representative Office

Shanghai Representative Office

Mizuho Investment Consulting (Shanghai) Co., Ltd

Mizuho Securities Asia Limited

Mizuho Bank (Switzerland) Ltd

Mizuho Securities India Private Limited

Mizuho Securities (Singapore) Pte. Ltd.

SubsidiariesRepresentative offices

Europe1 • Mizuho International plc Head office: London

Underwriting, sales and trading of marketable securities, M&A advisory, etc.

• Mizuho Bank (Switzerland) Ltd Head office: Zurich

Private banking advisory

1 In June of 2018, a new company (Mizuho Securities Europe GmbH) was established in Frankfurt, Germany and subsequently an application for a MiFID investment services securities trading license was filed.

North America

• Mizuho Securities USA Inc.2 Head office: New York

Underwriting, sales and trading of marketable securities, exchange listed derivatives brokerage, and M&A advisory, etc.

2 Reorganized under the umbrella of a US Bank Holding Company (BHC)—Mizuho Americas LLC from July 1, 2016.

Asia • Mizuho Securities Asia Limited Head office: Hong Kong

Underwriting, sales and trading of marketable securities, M&A advisory, investment banking, etc.

• Mizuho Securities (Singapore) Pte. Ltd. Head office: Singapore

Brokerage and clearing services for exchange listed derivatives, equity sales, fixed income sales, debt capital markets, M&A advisory, and wealth management services

• Mizuho Investment Consulting (Shanghai) Co., Ltd. Head office: Shanghai

China-related consulting

• Mizuho Securities India Private Limited Head office: Mumbai

Intermediary and introductory services relating to overseas financing, M&A advisory, etc.

Beijing Representative Office Shanghai Representative Office

Information gathering, etc. Information gathering, etc.


Mizuho, the leading Japanese financial services group with a global presence and a broad customer base, is committed to:Providing customers worldwide with the highest quality financial services with honesty and integrity;Anticipating new trends on the world stage;Expanding our knowledge in order to help customers shape their future;Growing together with our customers in a stable and sustainable manner; andBringing together our group–wide expertise to contribute to the prosperity of economies and societies throughout the world.

These fundamental commitments support our primary role in bringing fruitfulness for each customer and the economies and the societies in which we operate. Mizuho creates lasting value. It is what makes us invaluable.

We will remain the most trusted financial group and our clients’ long-term partner, thanks to our wealth of experience and specialized knowledge, nurtured by innovative thinking and underpinned by an extensive business base.

As experts in a wide range of services, we all endeavor to meet the needs of constantly evolving clients, economies, and communities.

The most trusted financial group

The most united group

We provide optimum and innovative financial services to individuals, corporations, economies, and communities by remaining at the global forefront of economic and social change.

The best financial services provider

Official Sponsor of Tokyo Disneyland®

Mizuho Securities has endorsed Tokyo Disneyland’s concept of a

“Kingdom of Dreams and Magic” and currently sponsors The

Enchanted Tiki Room: Stitch Presents ‘Aloha E Komo Mai!’ show.

We will continue to support everyone’s dreams by providing

services clients can always

rely on and by contributing

to societal development.

TV advert for Mizuho Securities

A TV advert for Mizuho Securities has been launched, based on the group’s concept “Being close to you. Being there for you.”

As the Mizuho group’s securities company, we aim to ensure that even clients considering securities investment for the first time feel completely at ease with us as their consultation partner and feel secure about using all our investment services.

Our concept: “Being close to you. Being there for you.”

“Being close to you”

“Only one”“The first one you call (The most

trusted financial group)”

“Being there for you”

“The best financial services provider”“One Mizuho (a truly united group)”

As a member of the Mizuho group, Mizuho Securities has adopted “Mizuho’s Corporate Identity,” established by Mizuho Financial Group. As such, we strive to remain our clients’ most trusted long-term financial partner in line with Mizuho group’s Corporate Identity vision. To achieve this vision, group employees share a common set of five core values—called the Mizuho Values—beginning with putting our clients first. As a team of finance professionals providing a broad range of financial services, Mizuho Securities and all Mizuho group companies are committed to fulfilling our fiduciary duty* in providing the best, most appropriate solutions to meet the diverse needs of our clients.

Policy on Initiatives for Practicing Fiduciary Duties of Mizuho Securities

* Fiduciary duty is a general term for the broad range of various roles and responsibilities that fiduciaries are expected to fulfill when engaging in certain business activities in order to live up to the trust that is placed in them by their clients.

Mizuho’s Corporate Identity Information

The most trusted financial services group with a global presence and a broad customer

base, contributing to the prosperity of the world, Asia, and Japan.

Co

rpo

rate

Iden

tity

CorporatePhilosophy:

Mizuho’s fundamental

approach to business activities, based on the raison d’être of Mizuho

Vision:

Mizuho’s vision for the future, realized

through the practice of the Corporate Philosophy

The Mizuho Values:

The shared values and principles of Mizuho’s people, uniting all executives and employees together to pursue our Vision

Mizuho Values

Communication and challenge for the futurePassion

Acuity and promptnessSpeed

Diversity and collective strengthTeam Spirit

Progressive and flexible thinkingInnovative Spirit

The most trusted partner lighting the futureCustomer First


Printed in Japan

Mizuho Securities Co., Ltd.Otemachi First Square 1-5-1, Otemachi, Chiyoda-ku, Tokyo 100-0004 Japan

Documents

Corporate Profile - mizuho-sc.com · proposal on business insurance Integrated group-wide services for our clients Timely and effective responses to our clients’ diverse financial