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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FY24 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.
Equity Underwriting
Mizuho Securities has achieved sector–leading performance in equity underwriting operations, serving as a lead underwriter in a number of large finance deals thanks to superior underwriting knowhow and strong equity selling power both in Japan and overseas. We also provide extensive support to companies transitioning from private to public.
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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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: Prepared by Mizuho Securities based on Crisil Coalition Greenwich's Voice of Client (Japan Fixed-Income Quality survey) 2013–2023.
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.
Our team of highly specialized analysts, economists, and strategists survey, analyze, and evaluate Japanese and global industry trends, listed companies, economic conditions, interest rates, forex, credit, ESG, and more from various angles. Based on those results, Mizuho Securities provides investors with information crucial to asset management, such as forecasts and investment strategies via reports, seminars, events, and the media.
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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, in February 2025, we has been awarded first place in the 32nd annual Japan Research Team survey run by Extel (formerly the Institutional Investor Survey) . We ranked 3rd among all research houses for the Nikkei Veritas 2025 "37th 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 2025 "30th 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.
Research Business
In terms of our equity research, we have continually enhanced our Pan Asia equity research platform (including Japan) in direct response to the needs of clients in Japan and overseas. Our award-winning, top-ranked team of Japan-based economists, strategists, sector analysts, and specialist researchers leverage their talents spanning macroeconomic analysis, industry trends, valuations of individual equities, investment strategies, and quant analysis to deliver a broad suite of thematic reports.
Our fixed income research is anchored by a large, Japan-based team of leading economists, strategists and analysts who deliver comprehensive forecasts on Japan/global growth, interest rates, and forex, as well as credit analysis of issuers, financial institutions outside Japan, monetary policy impact assessments, and fixed income strategies. Recently, we have further strengthened these capabilities by leveraging digital innovation and by placing greater emphasis on empowering clients with timely coverage of ESG and related topics.
Seminars and Investor Events
At Mizuho Securities, our sales and research teams work together to conduct seminars and events of various sizes for institutional investors.
Large-scale events include our annual Japan Alpha Conference, held every September in Tokyo since 2020. This conference features one-on-one and group meetings between companies and investors, as well as analyst-led tours. For fiscal 2025, we held this as an in-person conference and welcomed approximately 365 domestic and overseas institutional investors and some 208 companies, resulting in a highly successful event.
We also routinely hold seminars on topics of critical importance to investors, providing ideas and information in a timely and easily accessible format helpful for making investment decisions.