Mizuho Securities presence
In a drastically changing world where social structures and the economic landscape are in constant flux, we provide sophisticated financial services in collaboration with group companies to address client concerns and business issues.
Our strengths
- Client-driven/client-centric consulting and services
- A professional organization possessing sophisticated expertise and knowledge
- Leveraging the group's collective strength to deliver optimal solutions
- The largest client base in Japan coupled with an industry-leading network of offices
- A global network and significant presence in the growing US market
Retail
Asset inflows
AUM
Wholesale
Bond Underwriting
Domestic Bonds from Public Offerings
Total Domestic Bonds from Public Offerings (Apr. 1, 2023 – Mar. 31, 2024)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Mizuho Securities
3,849.5
21.5
2
Nomura Securities
3,792.8
21.2
3
Daiwa Securities
3,359.8
18.8
4
SMBC Nikko Securities
2,961.6
16.6
5
Mitsubishi UFJ Morgan Stanley Securities
2,566.8
14.4
Based on underwriting amount and pricing date basis. Includes samurai bonds, municipal bonds (underwriting only), preferred and securities but excludes treasury bonds and securitization and ST.
Source: Prepared by Mizuho Securities based on data from Capital Eye
SDGS Bonds
Japan SDGs Bonds (Apr. 1, 2023 – Mar. 31, 2024)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Mizuho Securities
1,201.5
23.0
2
Nomura Securities
1,176.7
22.6
3
Daiwa Securities
1,071.7
20.6
4
Mitsubishi UFJ Morgan Stanley Securities
794.6
15.2
5
SMBC Nikko Securities
789.9
15.2
Based on underwriting amount and pricing date basis. Excluding own debt and securitization and ST.
Source: Prepared by Mizuho Securities based on data from Capital Eye
Subordinated bonds
Subordinated bonds(Apr. 1, 2023 – Mar. 31, 2024)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Daiwa Securities
108.8
33.8
2
Nomura Securities
672
20.9
3
Mizuho Securities
580
18.0
4
SBI Securities
265
8.2
5
Okasan Securities
220
6.8
Based on underwriting amount and pricing date basis. Excluding own debt and securitization.
Source: Prepared by Mizuho Securities based on data from Capital Eye
IG USD-denominated Corporate Bonds (Americas)
IG USD-denominated Corporate Bonds (Americas) (Apr. 1, 2023 – Mar. 31, 2024)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
BofA Securities
60,272
11.0
2
JPMorgan
55,642
10.2
3
Citi
44,239
8.1
4
Morgan Stanley
34,873
6.4
5
Wells Fargo Securities
33,310
6.1
6
Mizuho Financial Group
31,894
5.8
Bookrunner basis, bonds issued by investment grade corporations in the Americas (issue amount USD 250M or more)
Source: Prepared by Mizuho Securities based on Dealogic data
Equity Underwriting
Total Domestic and Cross–border Equities (Apr. 1, 2023– Mar. 31, 2024)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Nomura Holdings
1,293.7
26.6
2
Daiwa Securities Group Inc.
896.0
18.4
3
Morgan Stanley
597.2
12.3
4
Mizuho Financial Group
555.9
11.4
5
Goldman Sachs
546.2
11.2
Based on bookrunner and pricing date basis.
Deals including initial public offerings, public offerings, convertible bonds and REITs.
Source: Prepared by Mizuho Securities based on data from LSEG
M&A Advisory
M&A Advisory for Announced Deals (Apr. 1, 2023 – Mar. 31, 2024)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Mitsubishi UFJ Morgan Stanley Securities
58
7,387.0
2
Nomura Securities
101
6,442.2
3
BofA Securities
32
4,613.9
4
Goldman Sachs
23
3,883.5
5
JP Morgan
13
3,607.7
6
Sumitomo Mitsui Financial Group
113
3,490.0
7
Mizuho Financial Group
111
3,182.5
Based on deal amounts. Any Japanese related deals (excluding real estate deals).
Source: Prepared by Mizuho Securities based on data from LSEG
Structured Finance
ABS Lead Manager (Apr. 1, 2023 – Mar. 31, 2024)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Mizuho Financial Group
149
1,105.3
2
Mitsubishi UFJ Financial Group
32
575.5
3
Sumitomo Mitsui Trust Holdings
37
367.1
4
Morgan Stanley
11
185.3
5
Daiwa Securities Group Inc.
9
182.6
Based on deal amounts and settlement dates
Source: Prepared by Mizuho Securities based on data from LSEG
IPO Lead Manager
Based on Capital Eye data. Bookrunner base.
REITs and global offerings excluded.
Mizuho Securities presence
In a drastically changing world where social structures and the economic landscape are in constant flux, we provide sophisticated financial services in collaboration with group companies to address client concerns and business issues.
Our strengths
- Client-driven/client-centric consulting and services
- A professional organization possessing sophisticated expertise and knowledge
- Leveraging the group's collective strength to deliver optimal solutions
- The largest client base in Japan coupled with an industry-leading network of offices
- A global network and significant presence in the growing US market
Retail
Asset inflows
AUM
Wholesale
Bond Underwriting
Domestic Bonds from Public Offerings
Total Domestic Bonds from Public Offerings (Apr. 1, 2024 – Mar. 31, 2025)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Mizuho Securities
4,603.7
22.2
2
Daiwa Securities
4,451.0
21.5
3
SMBC Nikko Securities
4,262.1
20.5
4
Nomura Securities
3,253.5
15.7
5
Mitsubishi UFJ Morgan Stanley Securities
2,776.7
13.4
Based on underwriting amount and pricing date basis. Includes samurai bonds, municipal bonds (underwriting only) ,preferred securities but excludes securitization and ST.
Source: Prepared by Mizuho Securities based on data from Capital Eye
SDGS Bonds
Japan SDGs Bonds (Apr. 1, 2024 – Mar. 31, 2025)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Mizuho Securities
1,102.6
24.1
2
Daiwa Securities
1,080.6
23.7
3
SMBC Nikko Securities
902.4
19.8
4
Nomura Securities
847.9
18.6
5
Mitsubishi UFJ Morgan Stanley Securities
470.255
10.3
Based on underwriting amount and pricing date basis. Excludes own company bonds, securitization and ST.
Source: Prepared by Mizuho Securities based on data from Capital Eye
Subordinated bonds
Subordinated bonds(Apr. 1, 2024 – Mar. 31, 2025)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Mizuho Securities
327.2
23.0
2
Daiwa Securities
324.5
22.8
3
SMBC Nikko Securities
271.4
19.1
4
Nomura Securities
252.3
17.7
5
Mitsubishi UFJ Morgan Stanley Securities
242
17.0
Based on underwriting amount and pricing date basis. Excludes own company bonds and securitization.
Source: Prepared by Mizuho Securities based on data from Capital Eye
IG USD-denominated Corporate Bonds (Americas)
IG USD-denominated Corporate Bonds (Americas) (Apr. 1, 2024 – Mar. 31, 2025)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Mizuho Securities
65,474
10.1
2
BofA Securities
60,780
9.4
3
Citi
53,630
8.3
4
Wells Fargo
51,061
7.9
5
Goldman Sachs
36,028
5.5
6
Mizuho Financial Group
34,083
5.2
Bookrunner basis, bonds issued by investment grade corporations in the Americas (issue amount USD 250M or more)
Source: Prepared by Mizuho Securities based on Dealogic data
Equity Underwriting
Total Domestic and Cross–border Equities (Apr. 1, 2024 – Mar. 31, 2025)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Nomura Holdings
1,686.7
28.2
2
SMBC Nikko Securities
906.4
15.1
3
Mizuho Financial Group
766.6
12.8
4
Mitsubishi UFJ Morgan Stanley Securities
718.2
12.0
5
Daiwa Securities Group Inc.
646.7
10.8
Based on bookrunner and pricing date basis.
Deals including initial public offerings, public offerings, convertible bonds and REITs.
Source: Prepared by Mizuho Securities based on data from LSEG
M&A Advisory
M&A Advisory for Announced Deals (Apr. 1, 2024 – Mar. 31, 2025)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Mitsubishi UFJ Morgan Stanley Securities
88
18,809.9
2
Nomura Securities
129
14,878.6
3
Goldman Sachs
26
13,235.6
4
Mizuho Financial Group
172
6,297.9
5
JP Morgan
22
5,429.4
6
Daiwa Securities Group Inc.
88
4,273.6
7
Sumitomo Mitsui Financial Group
117
3,168.4
Based on deal amounts. Includes any Japanese related deals but excludes real estate deals
Source: Prepared by Mizuho Securities based on data from LSEG
Structured Finance
ABS Lead Manager (Apr. 1, 2024 – Mar. 31, 2025)
Rank
Company Name
Amount (JPY bn)
Share(％)
1
Mizuho Financial Group
151
1,057.0
2
Sumitomo Mitsui Trust Holdings
29
29
3
Mitsubishi UFJ Financial Group
35
426.7
4
Sumitomo Mitsui Financial Group
28
288.5
5
Daiwa Securities Group Inc.
11
202.2
Based on deal amounts and settlement dates
Source: Prepared by Mizuho Securities based on data from LSEG
IPO Lead Manager
Based on Capital Eye data. Bookrunner base.
REITs and global offerings excluded.
Awards & Rankings
Awards
Award
(Publication)
Award details
Date
BEST DEALS OF 2024
(CAPIAL EYE)
＜Corporate Bond＞
BEST DEALS OF 2024
- Sony Group series 42 Unsecured Bonds
- Sony Group series 43 Unsecured Bonds
＜Municipal Bond＞
BEST DEALS OF 2024
- Aichi Prefecture Bond FY 2024 series 8
Special Award
- Nagasaki Prefecture Regular Redemption Bond FY 2024 series 4
＜Foreign Bond＞
BEST DEAL OF 2024
- Dai-ichi Life Insurance Subordinated Dollar Bond
Special Award 2024
- East Japan Railway Company EUR Bonds
- East Japan Railway Company GBP Bonds
＜Newly Listed Stocks＞
BEST DEAL OF 2024
- Tokyo Metro
＜Publicly Listed Stocks Offering/Sale＞
BEST DEAL OF 2024
- Honda Motor Co., Ltd.
＜Investment Corporation Investment Units Issuance/Sale＞
BEST DEAL OF 2024
- Invincible Investment Corporation
April
2025
DealWatch Awards 2024
(LSEG)
＜Bond＞
Bond House of the Year
- Mizuho Securities（5th consecutive year）
Bond of the Year
- SUMITOMO CHEMICAL COMPANY series 3 Subordinated Bonds
Innovative Debt Deal of the Year
- Japan Investment Adviser series 2 Unsecured Straight Bonds
＜Local Government Bond＞
Local Government Bond of the Year
- Joint Local Government Green Bond
＜Cross-border Bond＞
Cross-border Bond House of the Year
- Mizuho Securities（3nd consecutive year）
Offshore Bond of the Year
- Rakuten Group US Dollar-denominated Undated Subordinated NC5 Fixed Rate Reset Notes(Mizuho International)
Cross-border Yen Bond of the Year
- ROMANIA Japanese Yen Bonds First Series (2024) (Green bonds)
- ROMANIA Japanese Yen Bonds Second Series (2024) (Green bonds)
- ROMANIA Japanese Yen Bonds Third Series (2024) (Green bonds)
＜Sustainable Finance＞
Sustainable Finance House of the Year
- Mizuho Securities（5th consecutive year）
＜Equity＞
Equity-linked Product of the Year
- Kasumigaseki Capital Zero Coupon Convertible Bonds due 2029
(Mizuho International)
J-REIT Deal of the Year
- Invincible Investment Corporation
Innovative Equity Deal of the Year
- Astroscale Holdings
March
2025
Deals of the Year 2024
(J-Money)
＜Equity＞
Best IPO
- KOKUSAI ELECTRIC
Best Equity Follow-on
- Honda Motor Co., Ltd.
＜Bond＞
Best Yen Bond Deal
- SoftBank Group
Best International Bond Deal
- East Japan Railway Company
March
2025
Analyst Rankings
Publication
Award
Category
Date
Extel
Extel’s 32nd annual
Japan Research Team survey
Ranking Voted #1"
This content was originally published by Extel on February 11, 2025 (EST) and is reproduced with their permission."
February 2025
Nikkei Veritas
37th Annual Survey on Most Popular Equity Analyst
(Overall Company Ranking) of Nikkei Veritas
Overall Company Ranking Voted #3
Source：Nikkei Veritas, February 23, 2025 issue
February 2025
Nikkei Veritas
Nikkei Veritas 30th Annual Survey on Most Popular Bond/Forex Analyst/Economist by company/group
Overall Company Ranking Voted #3
Source：Nikkei Veritas, March 27, 2025 issue
March 2025
FY2023
FY2023
FY2022
FY2022
Corporate Overview
Name
Mizuho Securities Co., Ltd.
Established
July 1917
Registration Number
Registered with the Director of the Kanto Local Finance Bureau of the Ministry of Finance (Kin-sho) No. 94
Main Business
Financial Instruments Business
Capital
JPY 125,167 million
Number of Employees
6,588 (as of December 31, 2025)
Head Offices
Head Office Location:
Otemachi First Square
1-5-1, Otemachi, Chiyoda-ku,
Tokyo 100-0004
Tel: +81-3-5208-3210
Network
Japan: 211 offices
Outside Japan: 20 offices
Stock Exchange Memberships
Tokyo Stock Exchange
Osaka Exchange
Nagoya Stock Exchange
Fukuoka Stock Exchange
Sapporo Securities Exchange
Tokyo Financial Exchange
Association Memberships
Japan Securities Dealers Association
Japan Investment Advisers Association
The Financial Futures Association of Japan
Type II Financial Instruments Firms Association
Japan Security Token Offering Association
(as of December 31, 2025)
Head Office Locations
Otemachi and Marunouchi
Addresses and Access by Public Transportation
Otemachi First Square（Corporate Headquarters）
Address
Otemachi First Square
1–5–1, Otemachi, Chiyoda–ku,
Tokyo 100-0004
THE OTEMACHI TOWER
Address
Otemachi Tower
1–5–5, Otemachi, Chiyoda–ku,
Tokyo 100–8176
Mizuho Marunouchi Tower
Address
Mizuho Marunouchi Tower
1-3-3, Marunouchi, Chiyoda-ku,
Tokyo 100-8241
Corporate History
Leadership
Members of the Board of Directors
* indicates directors expected to concurrently serve as executive officers.
Executive Officers
Global Investment Banking Division
Global Markets Division
Retail & Business Banking Division
Research & Consulting Unit
Corporate
* Operating officers are listed only if they hold a position at a certain level or higher.
(As of December 31, 2025)
Organizational Structure
(as of December 31, 2025)
Network and Affiliates in Japan
Network in Japan
Leveraging our retail branch network and wholesale offices in Japan, we cater to the investment banking and asset management needs of individuals and institutions.