Shareholder and Investor Relations

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							             Shareholder and Investor Relations
             The Mizuho Financial Group is committed to an open form of management that emphasizes proactive communication
             with shareholders and investors.
             This section reports on our efforts to meet the expectations and earn the trust of these important stakeholders.




           Basic Stance toward All Our Shareholders

       ● In order to earn the trust of all our shareholders, we will endeavor to preserve and enhance the group’s assets.
       ● We will strengthen our internal control systems through appropriate accounting, effective internal audit and other measures.
       ● We will proactively disclose information and improve managerial transparency to ensure that all our shareholders
         obtain an accurate picture of our business operations.



       Overview of Fiscal 2007 Initiatives                                   improve communications
                                                                             with our shareholders by
       ● We worked to make our General Meeting of Shareholders
       more open for the benefit of shareholders and investors.               encouraging a lively ques-
       ● We were more proactive in disclosing information on                 tion and answer session
       Mizuho’s management strategies and financial condition.                on the meeting’s agenda
       In particular, regarding the impact of the dislocation in the
       global financial markets, we disclosed more detailed and               items and matters relating
       comprehensive information on our securitization products held         to group management.
       and others prepared basically in view of the recommendations          We posted the report on our business operations given at
       in “Leading-Practice Disclosures for Selected Exposures”
       included in the Financial Stability Forum (FSF) report.               the meeting and a message from the President & CEO on
                                                                             our website for about three months following the meeting.
                                                                                 The Convocation Notice of the meeting contained more
                                                                             detail and we mailed it out earlier to give shareholders more
                                                                             time to digest its contents. We also posted it on our website in
     Communication with Shareholders
                                                                             both Japanese and English at the same time as the mailing.

     More Open General Meeting of Shareholders
                                                                             Report to Our Shareholders
     We make every effort to improve the environment so that
     shareholders can take part in our ordinary general meeting              We distribute a report entitled “Report to Our Shareholders”
     by holding it on a date at the end of June each year that               following general meetings of shareholders and interim
     avoids the most popular dates on which other companies’                 earnings presentations in order to inform shareholders of
     meetings are held. We held our sixth ordinary general meeting           our business operations, financial performance and other
     of shareholders in Hall A of the Tokyo International Forum              management information. The report is printed in color
     on June 26th, and a record 2,474 shareholders attended.                 and uses graphs, tables and photographs to make it easier
     Using visuals projected on to a large screen, we present-               to read and understand. It is also available on our website.
     ed a report that was designed to explain our business in                The mailing includes a questionnaire card for shareholders
     an easy to understand format. We also endeavored to                     to voice their opinions and submit requests concerning the
                                                                             contents of the report.
     Shareholders (Common Stock)            As of March 2008
                                                       Municipal     0.08%
       Individual   16.42%                             Governments
       Investors


                                               Financial
                                               Institutions
                         Foreign               35.69%
                         Corporations
                         26.65%
                                        Other
                                        Corporations           Securities
                                                               Companies
                                        19.40%                                                            Questionnaire Card and “Report to Our
                                                               1.76%                                      Shareholders”




34   Mizuho Financ ial Group CSR Repor t 2008
                                                                                                  S h a r e h o l d e r   a n d   I nve s to r   R e l a t i o n s




Investor Relations
One of the highest management priorities of Mizuho
                                                                                     Making Effective Use of Various Channels for
Financial Group is to continue to disclose information to our
                                                                                     Disclosure
shareholders and investors in a fair, timely and appropriate
manner, in order that they may form proper judgments                                 On the Mizuho Financial Group website, we disclose
and appraisals of the group. Our Disclosure Policy, which                            presentation materials and audio archives of such IR
refers to our basic principles of disclosure on the group                            presentations, as well as a variety of other materials including
and a framework for Disclosure Controls and Procedures,                              financial statements and other financial information, press
is published in our annual review and on our website.                                releases, annual reviews, and information on CSR activities.
    In accordance with the abovementioned policy,                                    We also run an “IR contact page,” which widely receives
and with due attention to two-way communication, we                                  questions and comments about IR activities, on our
endeavor sincerely to facilitate a proper understanding of                           website. Moreover, we hold conferences in both Japanese
our management strategies, financial condition and other                              and English via the Internet following the announcements
matters. In this way, we aim to earn the trust of the market                         of financial results. We also issue pamphlets and other
and obtain an appropriate market reputation.                                         publications that provide information on the group and
                                                                                     send out press releases through our email distribution
                                                                                     service. These efforts reflect our commitment to effectively
Active Involvement of Top Management in                                              utilizing the latest disclosure methods and tools to provide
Investor Relations
                                                                                     more fair and widespread disclosure to meet the diverse
In addition to regular IR presentations in Japan by top                              needs of shareholders and investors.
management, we hold group meetings during IR activities
overseas. We also hold IR meetings regarding business
                                                                                     NYSE Listing
strategies for our specific business segments and participate
in seminars for investors held by securities companies                               We listed our ADR (American Depositary Receipt) on the
in Japan and overseas. We endeavor to take advantage                                 New York Stock Exchange (NYSE) on November 2006 to
of every opportunity to deepen the understanding of the                              enhance transparency in our corporate governance as well
group among shareholders and investors both inside and                               as raise investors’ trust in us.
outside Japan.                                                                           In connection with the listing, we stationed investor
                                                                                     relations officers in New York, and we established a
                                                                                     framework to provide disclosure based on U.S. generally
                                                                                     accepted accounting principles, which are deemed to
                                                                                     be one of the global standards used by leading global
                                                                                     companies. We will also continue to strengthen internal


                                                                                                                                                              Highly Responsive Communications
                                                                                     controls and enhance the transparency of corporate
                                                                                     disclosure in line with requirements of the U.S. Sarbanes-
                                                                                     Oxley Act, which sets one of the strictest standards in the
                                                                                     world today.




IR presentations on financial results for fiscal 2007 held for
institutional investors and analysts in Japan.




                                             To meet the expectations and earn the trust of shareholders and investors, we are working to improve
                                             the way we manage our ordinary general meeting of shareholders.
         Action Plans                           We will continue to work to further reinforce our IR activities in order that our shareholders and
                                             investors may form more proper judgments and appraisals of the group.




     Web             Please refer to http://www.mizuho-fg.co.jp/english/csr/communication/investor/ for more detailed information.
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