June 30, 2023
Mizuho Financial Group, Inc., Ltd.

Announcement of the Progress Report on FY2022 Action Plan Initiatives and FY2023 Action Plan related to fiduciary duties

We, at Mizuho Financial Group, Inc. (President & Group CEO: Masahiro Kihara; "MHFG"), have established an ambition to "proactively innovate together with our clients for a prosperous and sustainable future" as the purpose of Mizuho's Corporate Identity. We have also established "act as a trusted partner by always upholding solid moral principles" as a value to achieve the purpose. With all Mizuho management and employees sharing the values and principles, and as we are committed to fulfilling our fiduciary duties1 (customer-oriented business conduct), we have established and announced the "Policies Regarding Mizuho's Fiduciary Duties."

Based on these Policies, MHFG and our group companies have released the attached Progress Report on the FY2022 Action Plan Initiatives and the FY2023 Action Plan.2

Mizuho will continue to provide products and services that are truly appropriate for the "pursuit of customer’s best interests" at each of Mizuho's group companies that specialize in different functions.

  1. Fiduciary duties is a general term for the broad range of 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 customers.
  2. Ahead of this announcement, we held the Ninth Meeting of the Fiduciary Duty Advisory Committee and invited the following external experts to serve as advisors.

Panel of external experts (in alphabetical order by surname)

Name Post
Hideki Kanda Professor, Graduate School of Law, Gakushuin University;
Professor Emeritus, University of Tokyo
Tadashi Oka Deputy Head of Investment Evaluation Division
and the Head of Investment Fund Business Dept.,
Rating and Investment Information, Inc.

Initiatives regarding Mizuho's fiduciary duties (PDF/4,998KB)
Initiatives regarding Mizuho's fiduciary duties (KPI Data) (PDF/1,324KB)
Policies Regarding Mizuho's Fiduciary Duties (PDF/264KB)

PDF for print (PDF/6,679KB)

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