Dissolution of Subsidiary
Mizuho Financial Group, Inc. hereby announces that it has decided to dissolve its subsidiary, Mizuho Advisory, Inc., as follows.
1. Outline of the subsidiary to be dissolved and the scheduled date of dissolution.
|Company Name||Mizuho Advisory, Inc.|
|Location||1-5-5 Otemachi, Chiyoda-ku, Tokyo|
|Representative||Shunichi Asada (President & CEO)|
|Date of Establishment||June 2003|
|Paid-in Capital||JPY 100 million|
|Number of Stocks Outstanding||2,000 Shares|
|Total Assets||JPY 109 million (As of the end of March 2005)|
|Number of Employees||20 (As of the end of December 2005)|
|Shareholders||Mizuho Financial Group, Inc. - 50% , Mizuho Bank, Ltd. - 10%|
|Mizuho Corporate Bank, Ltd - 10% , Mizuho Trust & Banking Co., Ltd. - 10%|
|Mizuho Securities Co., Ltd. - 10% , Mizuho Investors Securities Co., Ltd. - 10%|
|Recent Financial Performance
(Fiscal Year Ended March 2005)
|Ordinary Profits JPY 4 million
Net Income JPY 2 million
|Date of Dissolution||March 2006 (Planned)|
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.