We, Mizuho Financial Group, Inc., hereby notify that the Board of Directors today has resolved to repurchase and cancel a portion of treasury stock currently held by our subsidiary, as described in detail below.
1. Name of Subsidiary
Mizuho Financial Strategy Co., Ltd
2. Reason for Repurchase
Repurchase will be made for the purpose of retiring a portion of our treasury stock (392,840.83 shares at present), which the subsidiary acquired in the course of the Business Reorganization in March 2003.
With respect to the remaining treasury stock after this repurchase as specified in 3. below, we intend to repurchase and cancel them after the fiscal year ending March 31, 2007, taking into consideration the financial condition of our Group.
3. Details of Repurchase
|(1) Type of shares to be repurchased||Shares of common stock of Mizuho Financial Group, Inc.|
|(2) Aggregate amount of repurchase||Maximum 130 billion yen|
|(3) Aggregate number of shares to be repurchased||Approximately 136,500 shares
|(4) Form of consideration||Cash|
|(5) Date of repurchase and cancellation (scheduled)||July 7, 2006|
|(6) Method of repurchase||Direct purchase|
This document is prepared in order to announce specific facts relating to repurchase and cancellation of common shares and does not constitute an offer for sale or solicitation for investment or other similar activity in or outside of Japan.