May 15, 2023
Company:  Mizuho Financial Group, Inc.
Representative:  Masahiro Kihara, President & Group CEO
Head Office:  1-5-5 Otemachi, Chiyoda-ku, Tokyo
Stock code:  8411 (Tokyo Stock Exchange Prime Market)

Revision of the Corporate Identity and launch of the new medium-term business plan

Mizuho Financial Group, Inc. (President & CEO: Masahiro Kihara) is pleased to announce revisions to Mizuho’s Corporate Identity, effective today, as well as the launch of a new medium-term business plan, starting from FY2023.

Over the last few years, significant changes have been taking place in the business environment around us. There have been qualitative changes in globalization, increased attention to the necessity of ensuring economic security and a sustainable society, and rapid adoption of AI and other technology across business areas. We have also been witnessing the advancement of inflation worldwide, which has resulted in rapid monetary tightening and financial instability in Europe and the US. This has further led to changes in people’s behaviors, values, and awareness of various issues. Irreversible structural changes in the economy and society are underway and customer behavior and corporate activities are changing fast.

In light of the drastic changes in and increasing complexity of the external and internal business environments, we reflected on Mizuho’s raison d'être and held numerous discussions on ways that we can resolve the challenges facing our clients and society while also realizing growth. As a result of this process, we decided to redefine the Corporate Identity, the foundation of what it means to be a Mizuho employee. In addition, we decided to establish a new medium-term business plan (FY2023 to 2025) beginning one year before the originally scheduled completion of the 5-Year Business Plan (FY2019 to 2023). The targets of the new medium-term business plan are based on the assumption that the 5-Year Business Plan’s final year targets will have been met.

The new medium-term business plan puts forth Mizuho's long-term vision for the world, centering on personal well-being and the achievement of a sustainable society and economy to support it. We used backcasting to determine our aim for the world in 10 years and then identified the strategies that should be the focus of our attention in order for us to attain our long-term vision. The three years of the new medium-term business plan will be focused on connecting the initiatives being carried out across Mizuho and creating new solutions to the challenges facing our clients and society as a whole. During this period, our basic policy will be to contribute to the revitalization of Japan and to sustainable global growth. Through this policy, we will build the cornerstone of future prosperity, centering on sustainability, together with our clients and society.

I. Revision of the Corporate Identity

We revised the Corporate Philosophy, Vision, and Mizuho Values that made up the previous Corporate Identity. Alongside introducing our Purpose, we made changes to the content of our Corporate Philosophy and the Values.

1. Corporate Philosophy... Mizuho’s unchanging and fundamental approach to corporate activities

2. Purpose... Mizuho’s role and raison d'être in society

Mizuho’s Purpose expresses our determination to operate with foresight, capture client and societal changes, and challenge ourselves while growing together with our clients and supporting their endeavors.

3. Values... Mizuho’s ideal stance and action principles designed to realize the Purpose

Be a catalyst for change.
- Integrity	Act as a trusted partner by always upholding solid moral principles.
- Passion	Work with enthusiasm and dedication.
- Agility	Adapt to change and take prompt action.
- Creativity	Drive innovation and think outside the box.
- Empathy	Embrace diverse perspectives and collaboration to gain new insight.

II. The new medium-term business plan

Having concluded our 5-Year Business Plan one year ahead of schedule, we have established a new medium-term business plan for the three years starting from FY2023. In establishing this new medium-term business plan one year early, we set FY2023 financial targets under the assumption that the targets in the previous 5-Year Business Plan will have been met.

1. Basic policy

2. Business focus areas

3. Enhancing our corporate foundations

4. Targets

● Consolidated ROE1	FY2025	over 8％
● Consolidated Net Business Profits2	FY2025	JPY1 – 1.1 trillion
● Engagement score3	FY2025	65％
● Inclusion score3	FY2025	65％

1. Excluding Net Unrealized Gains (Losses) on Other Securities
2. Consolidated Net Business Profits ＋ Net Gains (Losses) related to ETFs (Mizuho Bank and Mizuho Trust & Banking) ＋ Net Gains on Operating Investment Securities (Mizuho Securities consolidated)
3. Based on the positive response rate (selection of 4 or 5 on a scale from 1 to 5) for four Staff Survey questions related to engagement and inclusion

 

（Appendix）Position of the new medium-term business plan (PDF/341KB)

PDF for print (PDF/455KB)