Mizuho Financial Group, Inc. hereby announces that its wholly owned subsidiary, Mizuho Corporate Bank, Ltd., has decided to dissolve its subsidiary, Innovest Corporation, as follows.
1. Outline of the subsidiary to be dissolved and the scheduled date of dissolution.
2. Reason for Dissolution
The company is to be dissolved at this time as it has served its original purpose.
3. Effect on Profits / Losses
This decision will have no material effect on the Earnings Estimates for the current fiscal year (consolidated or non-consolidated) of Mizuho Financial Group, Inc.