Global Investment Banking Business

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

Our Global Investment Banking Division comprises "coverage" units, which directly interface with clients, and "product" units which create highly advanced solutions for them. These units work in harmony to provide tailored investment banking services, including equity and bond financing through capital markets and M&A advisory services, as part of global management strategies.

To meet the increasingly sophisticated and diverse needs of our clients, we are building strategic partnerships with them by offering customized solutions based on our business and financial strategy expertise, our knowledge of industry and production, and our investment banking track record.

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FY25 deal highlights

Mizuho Securities provides solutions tailored to the sophisticated and diverse needs of clients.

Bond Underwriting

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's initiatives related to Sustainable finance

Equity Underwriting

Time and again we secure major lead manager deals and have achieved an industry-leading track record by leveraging our exceptional underwriting expertise and extensive Japan and overseas sales and marketing capabilities. For IPO clients, we provide comprehensive support throughout the listing process to ensure success.

M&A Advisory

Our M&A advisory business leverages the latest insights and expertise to provide personalized advice tailored to each client's business strategy. We have achieved industry-leading results in Japan as well as a growing pipeline of cross-border deals in recent years thanks to our personalized global services in collaboration with Greenhill.

Structured Finance

Our structured finance business is widely regarded as a frontrunner in Japan's securitization market having achieved an exceptional track record as a specialist in the securitization of a broad range of assets including real estate and receivables. This reputation stems from our ability to provide bespoke structuring services customized to each client's business and asset portfolio.

Global Markets Business

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Americas

EMEA

Asia Pacific

We provide investment products and services to meet the diverse needs of clients

Our Global Markets Division offers a wide variety of investment products and services, including domestic and foreign bonds, equities, structured bonds, securitized products, and derivatives. Clients include institutional investors, financial corporations, business corporations, and others in Japan as well as overseas. In this challenging investment environment, where volatility is on the rise, we offer clients round-the-clock sales and trading services in conjunction with our global bases including Tokyo, Hong Kong, London, and New York. This seamless, international network enables us to connect investors and issuers worldwide and offer high value-added solutions customized to client investment policies and risk preferences.

Fixed Income

Mizuho Securities has established itself as the market leader in government bonds, having secured top market share. We are dedicated to delivering products expertly tailored to our clients' investment strategies, proactively engaging in market making, and providing timely and insightful information.

Furthermore, we are strengthening cross-border transactions through fully-integrated domestic and overseas operations to effectively leverage global markets in responding to our clients' diverse needs.

Yen-denominated bond share

Source: Created by Mizuho Securities based on Crisil Coalition Greenwich's "Voice of Client: Japan Fixed Income Study" 2014-2024.

Equity

In the equity business, Mizuho Securities is committed to accurately satisfying the increasingly sophisticated needs of clients not only by providing top-class research, but also by enhancing execution services (such as electronic trading), expanding IR services for clients both in Japan and overseas, and by strengthening our product lineup (including derivatives and equity finance).

Furthermore, we constantly strive to offer state-of-the-art transaction methods and provide information useful to both corporate and individual clients.

We continue to strengthen groupwide collaboration not only across our Japan-based operations, but also with each of our overseas entities throughout the US, Europe, and Asia to ensure unified, seamless operations.

Share of TSE Trading Value

Research (In-depth Investment Information)

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Our analysts are among the highest ranked in the industry and provide comprehensive survey and analyst reports to investors in a timely manner.

Backed by a team of highly specialized analysts, economists, and strategists, we survey, analyze, and evaluate local Japanese and global trends as well as listed companies, economic conditions, fiscal and monetary policy, interest rates, forex, credit, and ESG-related issues, from detailed and diverse perspectives. Based on these findings, we provide investors with timely information crucial to asset management such as forecasts and investment strategies via research publications, seminars, investor events, and media outreach.

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Year after year, we continue to be recognized as the top research house in Japan for both equities and fixed income.

For equity research, we ranked 3rd among all research houses for the Nikkei Veritas 2026 "38^th Popular Equity Analyst Survey." Nine of our analysts ranked 1st in individual category rankings.

For bond research, Mizuho Financial Group ranked 3rd among all companies and groups for the Nikkei Veritas 2026 "31^st Popular Bond/Forex Analyst/Economist Survey." One of our analysts ranked 1st in individual category rankings.

While our achievements are notable, our quest to enhance our research capabilities to offer unsurpassable solutions tailored to the diverse needs of our clients is unending.

Source：Nikkei Veritas, March 7, 2026 issue
(Use granted under license No: 002353)

Source：Nikkei Veritas, March 14, 2026 issue
(Use granted under license No: 002353)

Research Business

In equity research, we continue to advance our Pan Asia research platform, extending beyond Japan, in direct response to the evolving needs of clients worldwide. Our award-winning team of economists, strategists, and sector analysts deliver in-depth macroeconomic insights, industry trend assessments, equity valuations of individual companies, investment strategies, quant analysis, and timely thematic reports, helping clients address a wide range of investment and business challenges and opportunities.

Our fixed income research is anchored by one of Japan's most comprehensive teams of economists, strategists, and analysts. These experts closely monitor investor trends around the world while offering a full suite of research, including forecasts covering global economic outlooks, interest rates, and forex markets, as well as credit analysis of issuers, assessments of domestic and international financial institutions, monetary policy impact evaluations, and fixed income investment strategies.

Mizuho Securities is committed to enhancing these research capabilities via digital innovation while expanding coverage of AI, the space economy, ESG (Environmental, Social, and Governance), and other emerging themes to provide clients with timely insights.

Introduction of analysts

Seminars and Investor Events

At Mizuho Securities, our sales and research teams collaborate to host seminars and events of all sizes for institutional investors.

Our large-scale events include conferences held in Tokyo every February and September, featuring one-on-one and group meetings between companies and investors, as well as analyst-hosted tours. The Mizuho Investment Conference 2H (MIC 2H), held in September 2026, welcomed over 400 institutional investors from Japan and overseas and more than 200 of Japan's leading companies, reflecting continued strong interest.

Throughout the year, we also hold seminars on themes of high interest to investors, delivering timely and clear insights to support their investment decisions.