Nber Working Paper Series Did Mergers Help Japanese
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Kabushiki Kaisha Mizuho Financial Group Mizuho Financial Group, Inc. Japan
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2010 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ‘ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report For the transition period from to Commission file number 001-33098 Kabushiki Kaisha Mizuho Financial Group (Exact name of Registrant as specified in its charter) Mizuho Financial Group, Inc. (Translation of Registrant’s name into English) Japan (Jurisdiction of incorporation or organization) 5-1, Marunouchi 2-chome Chiyoda-ku, Tokyo 100-8333 Japan (Address of principal executive offices) Tatsuya Yamada, +81-3-5224-1111, +81-3-5224-1059, address is same as above (Name, Telephone, Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of each class Name of each exchange on which registered Common Stock, without par value The New York Stock Exchange* American depositary shares, each of which represents two shares of The New York Stock Exchange common stock Securities registered or to be registered pursuant to Section 12(g) of the Act. None (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None (Title of Class) Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. -
News Release SRI International / Nomura Holdings Nomura-SRI Innovation Center Will Begin Operations in July to Accelerate Adopti
Nomura-SRI Innovation Center Will Begin Operations in July to Accelerate Adoption of Emerging Technologies Among Japanese Corporations SRI International and Nomura Will Support Japanese Businesses Through the Process of Evaluating and Bringing New Technology to Market MENLO PARK, Calif., PRNewswire, June 22, 2021: SRI International (SRI) and Nomura announced today that the Nomura-SRI Innovation Center (NSIC), located on SRI’s main campus in Menlo Park, Calif., will begin operations in July 2021. For industry leading businesses, keeping ahead of emerging technologies is vital to continued global success and growth. As NSIC members, Japanese enterprises will be connected with pioneering R&D labs, university research teams, as well as Silicon Valley incubators and startups that are relevant to their industries and specific investments. NSIC will help members acquire and cultivate best practices for identifying and evaluating emerging technologies. It will enhance their adoption of next-generation innovation, allowing members to optimize the value of their technology investments. SRI and Nomura welcome Harmonic Drive Systems Inc., Murata Manufacturing Co., Ltd., Nomura Research Institute, Ltd., Obayashi Corporation and Shizuoka Bank Ltd. as charter members scheduled to participate in July. “Here at NSIC, we’re excited to work with these market-leading companies to support their internal technology, research and innovation teams,” said Chris Cowart, managing director of NSIC. “Our charter members bring a spectrum of industry insights to NSIC’s Silicon Valley immersion program. We will be working closely with each member to share best practices, exclusive partner connections and tailored expertise relevant to their business goals for emerging technologies.” “At Nomura, we know that technology investments are vital to the future growth of our clients and partners in Japan,” commented Neeraj Hora, head of innovation and investment at Nomura Holding America Inc. -
Integrated Report –Annual Review– Integrated Report 2017 –Annual Review– April 2016 – March 2017 Our Corporate Philosophy
Mizuho Financial Group Mizuho Financial Group | 2017 Integrated Report –Annual Review– Integrated Report 2017 –Annual Review– April 2016 – March 2017 Our Corporate Philosophy Mizuho, the leading Japanese financial services group with a global presence and a broad customer base, is committed to: Providing customers worldwide with the highest quality financial services with honesty and integrity; Anticipating new trends on the world stage; Expanding our knowledge in order to help customers shape their future; Growing together with our customers in a stable and sustainable manner; and Bringing together our group–wide expertise to contribute to the prosperity of economies and societies throughout the world. These fundamental commitments support our primary role in bringing fruitfulness for each customer and the economies and the societies in which we operate. Mizuho creates lasting value. It is what makes us invaluable. Corporate Philosophy: Mizuho’s The Mizuho Values fundamental approach to business Customer First: activities, based on the The most trusted partner lighting raison d’etre of Mizuho the future Innovative Spirit: Vision: Progressive and flexible thinking Mizuho’s vision for Mizuho’s Corporate Identity Mizuho’s the future, realized Team Spirit: through the practice of Diversity and collective strength “Corporate Philosophy” Speed: Acuity and promptness The Mizuho Values: The shared values and principles of Passion: Mizuho’s people, uniting all executives and Communication and challenge for employees together to pursue “Vision” the future 1 Mizuho Financial Group The most trusted financial services group with a global presence and a broad customer base, contributing to the prosperity of the world, Asia, and Japan 2017 Integrated Report 2 Editorial Policy Contents This Integrated Report includes financial information as well as non-financial information on such subjects as ESG. -
Toho Co., Ltd. Agenda
License Sales Sheet October 2018 TOHO CO., LTD. AGENDA 1. About GODZILLA 2. Key Factors 3. Plan & Schedule 4. Merchandising Portfolio Appendix: TOHO at Glance 1. About GODZILLA About GODZILLA | What is GODZILLA? “Godzilla” began as a Jurassic creature evolving from sea reptile to terrestrial beast, awakened by mankind’s thermonuclear tests in the inaugural film. Over time, the franchise itself has evolved, as Godzilla and other creatures appearing in Godzilla films have become a metaphor for social commentary in the real world. The characters are no longer mere entertainment icons but embody emotions and social problems of the times. 2018 © TOHO CO., LTD. All rights reserved/ Confidential & Proprietary 4 About GODZILLA | Filmography Reigning the Kaiju realm for over half a century and prevailing strong --- With its inception in 1954, the GODZILLA movie franchise has brought more than 30 live-action feature films to the world and continues to inspire filmmakers and creators alike. Ishiro Honda’s “GODZILLA”81954), a classic monster movie that is widely regarded as a masterpiece in film, launched a character franchise that expanded over 50 years with 29 titles in total. Warner Bros. and Legendary in 2014 had reintroduced the GODZILLA character to global audience. It contributed to add millennials to GODZILLA fan base as well as regained attention from generations who were familiar with original series. In 2017, the character has made a transition into new media- animated feature. TOHO is producing an animated trilogy to be streamed in over 190 countries on NETFLIX. 2018 © TOHO CO., LTD. All rights reserved/ Confidential & Proprietary 5 Our 360° Business Film Store TV VR/AR Cable Promotion Bluray G DVD Product Exhibition Publishing Event Music 2018 © TOHO CO., LTD. -
Hydrogen and Fuel Cells in Japan
HYDROGEN AND FUEL CELLS IN JAPAN JONATHAN ARIAS Tokyo, October 2019 EU-Japan Centre for Industrial Cooperation ABOUT THE AUTHOR Jonathan Arias is a Mining Engineer (Energy and Combustibles) with an Executive Master in Renewable Energies and a Master in Occupational Health and Safety Management. He has fourteen years of international work experience in the energy field, with several publications, and more than a year working in Japan as an energy consultant. He is passionate about renewable energies, energy transition technologies, electric and fuel cell vehicles, and sustainability. He also published a report about “Solar Energy, Energy Storage and Virtual Power Plants in Japan” that can be considered the first part of this document and is available in https://lnkd.in/ff8Fc3S. He can be reached on LinkedIn and at [email protected]. ABOUT THE EU-JAPAN CENTRE FOR INDUSTRIAL COOPERATION The EU-Japan Centre for Industrial Cooperation (http://www.eu-japan.eu/) is a unique venture between the European Commission and the Japanese Government. It is a non-profit organisation established as an affiliate of the Institute of International Studies and Training (https://www.iist.or.jp/en/). It aims at promoting all forms of industrial, trade and investment cooperation between the EU and Japan and at improving EU and Japanese companies’ competitiveness and cooperation by facilitating exchanges of experience and know-how between EU and Japanese businesses. (c) Iwatani Corporation kindly allowed the use of the image on the title page in this document. Table of Contents Table of Contents ......................................................................................................................... I List of Figures ............................................................................................................................ III List of Tables .............................................................................................................................. -
Factset-Top Ten-0521.Xlsm
Pax International Sustainable Economy Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight ASML Holding NV 34,391,879.94 4.3 Roche Holding Ltd 28,162,840.25 3.5 Novo Nordisk A/S Class B 17,719,993.74 2.2 SAP SE 17,154,858.23 2.1 AstraZeneca PLC 15,759,939.73 2.0 Unilever PLC 13,234,315.16 1.7 Commonwealth Bank of Australia 13,046,820.57 1.6 L'Oreal SA 10,415,009.32 1.3 Schneider Electric SE 10,269,506.68 1.3 GlaxoSmithKline plc 9,942,271.59 1.2 Allianz SE 9,890,811.85 1.2 Hong Kong Exchanges & Clearing Ltd. 9,477,680.83 1.2 Lonza Group AG 9,369,993.95 1.2 RELX PLC 9,269,729.12 1.2 BNP Paribas SA Class A 8,824,299.39 1.1 Takeda Pharmaceutical Co. Ltd. 8,557,780.88 1.1 Air Liquide SA 8,445,618.28 1.1 KDDI Corporation 7,560,223.63 0.9 Recruit Holdings Co., Ltd. 7,424,282.72 0.9 HOYA CORPORATION 7,295,471.27 0.9 ABB Ltd. 7,293,350.84 0.9 BASF SE 7,257,816.71 0.9 Tokyo Electron Ltd. 7,049,583.59 0.9 Munich Reinsurance Company 7,019,776.96 0.9 ASSA ABLOY AB Class B 6,982,707.69 0.9 Vestas Wind Systems A/S 6,965,518.08 0.9 Merck KGaA 6,868,081.50 0.9 Iberdrola SA 6,581,084.07 0.8 Compagnie Generale des Etablissements Michelin SCA 6,555,056.14 0.8 Straumann Holding AG 6,480,282.66 0.8 Atlas Copco AB Class B 6,194,910.19 0.8 Deutsche Boerse AG 6,186,305.10 0.8 UPM-Kymmene Oyj 5,956,283.07 0.7 Deutsche Post AG 5,851,177.11 0.7 Enel SpA 5,808,234.13 0.7 AXA SA 5,790,969.55 0.7 Nintendo Co., Ltd. -
To Our Shareholders and Customers Issues We Faceinfiscal2000
To Our Shareholders and Customers — The Dawn of a New Era — Review of Fiscal 1999 For the Japanese financial sector, fiscal 1999 During fiscal 1999, we strengthened our man- marked the start of a totally new era in the his- agement infrastructure and corporate structure tory of finance in Japan. by improving business performance, restructur- In August 1999, The Fuji Bank, Limited, ing operations, strengthening risk management The Dai-Ichi Kangyo Bank, Limited, and The and managing consolidated business activities Industrial Bank of Japan, Limited, reached full under a stronger group strategy. agreement to consolidate their operations into a comprehensive financial services group to be • Improving Business Performance called the Mizuho Financial Group. In the fol- We have identified the domestic corporate and lowing six months after the announcement, retail markets as our priority business areas. several other major Japanese financial institu- Our goals in these markets are to enhance our tions announced mergers and consolidations of products and services to meet the wide-ranging one form or another. needs of our customers, and to improve cus- At the same time, conditions in the financial tomer convenience by using information tech- sector changed dramatically as foreign-owned nology to diversify our service channels. financial institutions began in earnest to With respect to enhancing products and expand their presence in Japan, companies services, we focused on services provided to from other sectors started to move into the members of the Fuji First Club, a membership To Our Shareholders and Customers To financial business, and a number of Internet- reward program that offers special benefits to based strategic alliances were formed across dif- member customers, and on our product lineup ferent sectors and industries. -
Interim FY 2011 Financial Results
The 11th MEDIUM TERM MANAGEMENT PLAN FRONTIER 70 InterimInterim FinancialFinancial ResultsResults forfor FY2011FY2011 Frontier 70 NovemberNovember 25,25, 20112011 The 11th MEDIUM TERM MANAGEMENT PLAN FRONTIER 70 Table of Contents ≫≫ Progress in Medium Term Management Plan ≫ Summary of Financial Results “Frontier 70” Summary of Financial Results 3 Medium Term Management Plan 13 Net Interest Income 4 Development Projects and Strong Financial Needs 14 Loan Portfolio 5 Branch Network Strategy 15 Securities Portfolio 6 Business in Growing Sectors 16 Fees and Commissions Income 7 International Business 17 Expenses 8 Housing Loans 18 Net Credit Costs 9 Investment-type Financial Products 19 Capital Base 10 Chibagin Securities 20 Earnings Projections for FY 2011 11 Systems Investment 21 Capital Policy 22 1 The 11th MEDIUM TERM MANAGEMENT PLAN FRONTIER 70 Summary of Financial Results ≫Summary of Financial Results ≫≫Progress in Medium Term Management Plan “Frontier 70" 2 The 11th MEDIUM TERM MANAGEMENT PLAN FRONTIER 70 Summary of Financial Results Interim Interim Net interest income ⇒(P4) <\Bil.> FY10 FY11 Change Interim Interim 1 Gross business profits 81.2 78.1 (3.0) <\Bil.> FY10 FY11 Change 2 Net interest income 69.5 67.9 (1.5) Net interest income 69.5 67.9 (1.5) 3 Net fees and commissions income 7.3 7.0 (0.3) ⇒ (P7) Domestic 68.0 66.5 (1.4) 4 Trading income 0.7 0.6 (0.1) Loans and deposits 60.8 59.6 (1.1) Profit from other business transactions 5 3.5 2.5 (1.0) Loans 65.1 62.5 (2.5) Gains (losses) related to bonds 6 2.4 1.7 (0.6) Deposits 4.3 -
CONSOLIDATED FINANCIAL STATEMENTS Fuji Bank Group
CONSOLIDATED FINANCIAL STATEMENTS Fuji Bank Group Balance Sheet Thousands of Thousands of Millions of yen U.S. dollars Millions of yen U.S. dollars March 31, 1998 1997 1998 March 31, 1998 1997 1998 ASSETS LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Cash and Due from Banks................................................................. ¥ 00,000,0002,821,634 ¥00,000,0004,341,701 $000,000,00021,359,834 Deposits (Note 8) .............................................................................. ¥ 00,000,00034,552,361 ¥00,000,00038,649,481 $000,000,000261,562,164 Call Money and Bills Sold ................................................................. 3,755,273 4,310,517 28,427,509 Call Loans and Bills Purchased .......................................................... 1,453,230 2,230,223 11,000,989 Trading Liabilities .............................................................................. 2,057,167 — 15,572,803 Borrowed Money (Note 9)................................................................ 2,947,169 2,252,185 22,310,138 Commercial Paper and Other Debt Purchased................................... 43,216 188,430 327,152 Foreign Exchange.............................................................................. 113,221 82,000 857,087 Trading Assets (Note 3) ..................................................................... 3,265,412 — 24,719,248 Bonds and Notes (Note 10) ............................................................... 1,657,224 1,322,494 12,545,228 Convertible Bonds (Note 11) ........................................................... -
Industrial Report (C) JETRO Japan Economic Monthly, August 2005
Industrial Report (C) JETRO Japan Economic Monthly, August 2005 Trends in the Pharmaceutical Industry Japanese Economy Division Summary The nature of Japan’s pharmaceutical market is changing. The market for generic drugs in Japan has been expanding in recent years. Major Japanese pharmaceutical companies have undertaken mergers and restructuring, and an increasing number of foreign pharmaceutical companies have entered the Japanese market recently by establishing joint ventures with Japanese drug companies or granting distribution rights for their products to Japanese firms. 1. Market Overview The Japanese pharmaceutical industry, buoyed by a rise in income levels and growing awareness about hygiene after World War II, has grown gradually in line with Japanese industry. The introduction of universal health insurance coverage in April 1961 triggered a soaring increase in domestic demand for medicines. The brisk development of new medicines based on technologies introduced from the West has enabled the industry to respond more quickly to market needs. As a result, the Japanese pharmaceutical industry is now second only to that of the United States. In recent years, however, Fig. 1-1 Japanese Market Share of Generic Drugs (GE/total drugs) the financial situation (%) Value Quantity basis surrounding health insurance has (Drug price basis) become strained due to increasing 1999 4.7 10.8 medical costs shouldered by the 20024.8 12.2 2003 5.2 16.4 government, owing to the aging Source: Japan Generic Pharmaceutical Manufacturers Association population, advances in medical Fig. 1-2 Market Shares of Generic Drugs in Main Countries technology and the development (2002) of new medical equipment. -
『Summary of Activities for Hydrogen Utilization in Chubu in 2030』
1 『Summary of Activities for Hydrogen Utilization in Chubu in 2030』 February 19th, 2021 Hydrogen Utilization Study Group in Chubu ■ Eleven private companies which are promoting hydrogen utilization (listed below) have established the Hydrogen Utilization Study Group in Chubu in March 2020 to expand hydrogen demand and to build a supply chain for stable hydrogen utilization in the Chubu region. ■ This Group takes its first effort in Japan to conduct cross-sectional studies in various industries such as energy (oil, gas and electricity), petrochemicals, automobiles, steel manufacturing and finance. <Participating Companies> Alphabetically, ♦Secretariat companies Air Liquide Japan G.K. /Chubu Electric Power Co., Inc. /ENEOS Holdings, Inc. / Idemitsu Kosan Co., Ltd /Iwatani Corporation / Mitsubishi Chemical Corporation/ Nippon Steel Corporation /Sumitomo Corporation♦/Sumitomo Mitsui Banking Corporation♦/ Toho Gas Co., Ltd. /Toyota Motor Corporation♦ Hydrogen Utilization Study Group in Chubu 【Summary】 2 <Background of Study> On December 26, 2017, Ministry of Economy, Trade and Industry (hereinafter “METI”) published the Basic Hydrogen Strategy which included the following targets. ▽Realization of low-cost hydrogen usage under the Basic Strategy in order to move towards a hydrogen-based society: ■ As a basic approach, procurement of hydrogen at large scale, either by i) use of combination of inexpensive, unused energy of overseas markets with CCS, or ii) use of inexpensive, renewable energy to be used by electrolysis ■ Realization of annual procurement of 300 Kt/y of hydrogen, by developing commercial-scale supply chains by around 2030. Aim to realize hydrogen cost of 30 JPY/Nm3. ■ In the later phase, further endeavor to lower the hydrogen cost to 20 JPY/Nm3 to allow hydrogen to gain the same competitiveness as traditional energy sources after environmental cost adjustments are incorporated. -
Stif-I Q4 2020
Coupon Units Cost Market Value SHORT TERM INVESTMENT FUND-I Domestic Fixed Income Securities 15.99% Domestic Corporate & Other Bonds AMERICAN CREDIT ACCEP 3 A 144A 0.6200 42,183 42,183 42,232 AMERICAN HONDA FINANCE CORP 0.4236 85,460 85,533 85,480 AMERICAN HONDA FINANCE CORP 0.3286 54,694 54,694 54,723 AMERICREDIT AUTOMOBILE RE 3 A2 0.4200 27,347 27,346 27,376 APPLE INC 2.5000 110,073 109,953 112,578 BANK OF AMERICA CORP 5.8750 136,736 140,191 136,736 CATERPILLAR FINANCIAL SERVICES 0.4465 102,552 102,682 102,584 CATERPILLAR FINANCIAL SERVICES 0.4136 54,421 54,510 54,496 CISCO SYSTEMS INC 1.8500 115,542 112,721 116,707 CPS AUTO RECEIVABLES C A 144A 0.6300 42,202 42,200 42,242 DT AUTO OWNER TRUST 3A A 144A 0.5400 50,582 50,581 50,674 DUKE ENERGY PROGRESS LLC 0.4004 58,113 58,113 58,123 ENTERPRISE FLEET FIN 2 A1 144A 0.2399 62,000 62,000 62,002 ENTERPRISE FLEET FIN 3 A2 144A 2.0600 81,499 82,929 82,870 EXETER AUTOMOBILE RECEIV 3A A1 0.2183 694 694 694 FLAGSHIP CREDIT AUTO 3 A 144A 0.7000 22,958 22,956 22,982 FLAGSHIP CREDIT AUTO 4 A 144A 0.5300 95,666 95,663 95,733 FORD CREDIT AUTO OWNER T C A2A 1.8800 18,939 18,937 19,010 FORD CREDIT AUTO OWNER TR C A1 0.1744 53,228 53,228 53,223 FORD CREDIT AUTO OWNER TR C A2 0.2500 15,725 15,724 15,730 GLS AUTO RECEIVABLES 4A A 144A 0.5200 54,011 54,010 54,029 GM FINANCIAL AUTOMOBILE L 3 A1 0.1781 43,244 43,244 43,244 GM FINANCIAL CONSUMER AUT 4 A1 0.1854 34,234 34,234 34,234 HONDA AUTO RECEIVABLES 20 3 A1 0.1888 50,372 50,372 50,372 HONDA AUTO RECEIVABLES 20 4 A2 1.8600 57,124 57,120 57,418 HUNTINGTON