Financial Performance - For the nine months ended December 31, 2021, Mizuho Financial Group reported ordinary income of ¥2,345,453 million, an increase of 1.8% compared to ¥2,313,082 million for the same period in 2020[9]. - Profit attributable to owners of the parent for the nine months ended December 31, 2021 was ¥478,656 million, up 35% from ¥354,404 million in the previous year[9]. - Comprehensive income for the nine months ended December 31, 2021 was ¥250,949 million, a decrease from ¥576,850 million in the previous year[10]. - MHFG's gross profits for the nine months ended December 31, 2021 were ¥1,621,806 million, with net business profits of ¥610,724 million[44]. - For the nine months ended December 31, 2021, net business profits (excluding credit costs of trust accounts) increased to ¥684,531 million, up from ¥610,724 million in the same period of 2020, representing a growth of approximately 12%[49]. - Net income attributable to owners of the parent for the nine months ended December 31, 2021, was ¥478,656 million, compared to ¥354,404 million for the same period in 2020, reflecting a year-over-year increase of approximately 35%[61]. - The diluted net income per share of common stock for the nine months ended December 31, 2021, was ¥188.81, up from ¥139.76 in the previous year[61]. Assets and Liabilities - Total assets as of December 31, 2021 were ¥225,424,989 million, slightly down from ¥225,586,211 million as of March 31, 2021[7]. - The total liabilities decreased to ¥216,018,735 million as of December 31, 2021 from ¥216,224,003 million as of March 31, 2021[8]. - The net assets increased to ¥9,406,254 million as of December 31, 2021, compared to ¥9,362,207 million as of March 31, 2021[8]. - Total liabilities for guarantees on corporate bonds decreased to ¥1,263,877 million as of December 31, 2021, down from ¥1,407,731 million as of March 31, 2021[28]. Income Sources - Interest income for the nine months ended December 31, 2021 was ¥932,956 million, a decrease of 5.8% from ¥990,731 million in the same period of 2020[9]. - Fee and commission income rose to ¥648,856 million for the nine months ended December 31, 2021, up 9.9% from ¥590,013 million in the previous year[9]. - Gains on Sales of Stocks for the nine months ended December 31, 2021 amounted to ¥160,716 million, compared to ¥84,536 million for the same period in 2020[29]. - Extraordinary Gains from the Cancellation of Employee Retirement Benefit Trust increased to ¥66,331 million for the nine months ended December 31, 2021, up from ¥14,409 million for the same period in 2020[31]. - Losses on Sales of Stocks for the nine months ended December 31, 2021 were ¥123,590 million, significantly higher than ¥27,328 million for the same period in 2020[30]. Reserves and Provisions - Reserves for Possible Losses on Loans increased to ¥1,091,306 million as of December 31, 2021, compared to ¥812,457 million as of March 31, 2021, reflecting the impact of COVID-19[28]. - Provision for Reserves for Possible Losses on Loans for the nine months ended December 31, 2021 was ¥147,958 million, an increase from ¥91,254 million for the same period in 2020[30]. Dividends and Shareholder Returns - Cash dividends paid for the nine months ended December 31, 2021 totaled ¥196,746 million, with dividends per share increasing to ¥37.50 and ¥40.00 for the respective resolutions[37]. - The company declared interim cash dividends totaling ¥101,545 million, with an interim cash dividend per share of ¥40.00, effective December 7, 2021[64]. Accounting and Standards - Mizuho Financial Group has applied new accounting standards for revenue recognition starting from the first quarter ended June 30, 2021, impacting retained earnings[11]. - The company adopted the Consolidated Taxation System from the first quarter ended June 30, 2021, impacting its tax accounting practices[25]. Other Financial Metrics - General and administrative expenses (excluding non-recurring losses) increased to ¥1,029,300 million for the nine months ended December 31, 2021, compared to ¥1,029,300 million in the same period of 2020[49]. - The total contract value of over-the-counter interest rate swaps as of December 31, 2021, was ¥1,056,397,332 million, with a fair value of ¥175,900 million[53]. - Unrealized gains from currency-related transactions as of December 31, 2021, amounted to ¥96,857 million, compared to ¥13,705 million as of March 31, 2021[55]. - The company's equity in income from investments in affiliates for the nine months ended December 31, 2021, was ¥23,350 million[48]. - The net gains or losses related to ETFs and others amounted to ¥3,755 million, with ¥4,047 million included in the Global Markets Company[48].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2021 Commission File Number 001-33098 Mizuho Financial Group, Inc. (Translation of registrant's name into English) 5-5, Otemachi 1-chome Chiyoda-ku, Tokyo 100-8176 Japan (Address of principal executive office) Indicate by check mark whether the registrant files or will file ann ...

Financial Data and Key Indicators Changes - Consolidated net business profits increased by JPY40.9 billion year-on-year to JPY460.3 billion, achieving 58% of the fiscal plan of JPY790 billion [6] - Net income attributable to the financial group was JPY385.6 billion, up JPY170.1 billion against the fiscal year plan, reaching 75% of the target [11][27] - CET1 ratio increased by 0.64% compared to March 2021 to 12.27%, mainly due to profit increase [23] Business Line Data and Key Indicators Changes - Retail & Business Banking saw significant growth in noninterest income, particularly from real estate-related activities, increasing by JPY35.9 billion year-on-year [11] - Corporate and Institutional Banking experienced a decline in large solution revenues but reported an increase in loan balances by JPY8.2 billion year-on-year [12] - Noninterest income for customer growth increased by JPY34.5 billion year-on-year, with retail and business banking showing improvement [17] Market Data and Key Indicators Changes - Non-Japanese yen customer loans declined by JPY2.2 billion due to repayments of COVID-related loans [14] - Domestic loans average balance declined by JPY1.1 trillion, while loan spread improved by 1 basis point year-on-year [15] - Unrealized gains on securities portfolio increased to JPY1.589 trillion, up JPY18 billion from March 2021 [21] Company Strategy and Development Direction - The company aims to balance capital adequacy, growth investments, and enhanced shareholder returns, with a focus on IT and digital fields for future growth [29] - A revised fiscal year 2021 plan indicates a cautious approach to credit-related costs and market conditions, with a downward revision of net gains related to stocks [25][26] - The company plans to continue reducing gross shareholdings, achieving 97% progress towards a target of JPY300 billion by March 2022 [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from system failures and their potential impact on gross profit and expenses, estimating a negative impact of JPY3 billion on gross profit [35] - The outlook remains cautious due to uncertainties related to COVID-19, supply chain constraints, and energy price increases [41][78] - Management expressed confidence in achieving a net income of around JPY500 billion, maintaining a 40% payout ratio for dividends [42] Other Important Information - The interim dividend will be JPY40 per share, an increase of JPY2.5 from the initial forecast, marking the first increase in seven years [28] - The company is making steady progress against its five-year business plan initiated in fiscal year 2019 [30] Q&A Session Summary Question: Impact of system failure on management performance and costs - Management indicated a JPY3 billion negative impact on gross profit and potential increases in expenses due to system failures, with a total earmarked for expenses potentially exceeding JPY18 billion [35][36][38] Question: Reason for dividend increase announcement - The dividend increase was announced due to improved visibility on achieving the original guidance of JPY510 billion, despite ongoing uncertainties [40][42] Question: Credit-related costs and expectations for the second half - Management confirmed that credit-related costs are expected to remain cautious, with forward-looking provisions set aside similarly to the first half [46][48] Question: Potential for share buybacks - Management stated that while they have not indicated plans for share buybacks, they are considering incremental returns and will balance growth investments with shareholder returns [63] Question: Room for further improvements in G&A expenses - Management acknowledged room for further improvements in G&A expenses, particularly in light of changes in work practices due to COVID-19 [68][70] Question: Outlook for loan spreads - Management expects loan spreads to stabilize, with a belief that while improvements have been seen, significant further growth may not continue [71][72] Question: Credit costs by industry and large exposures - Management emphasized the need for vigilance across all sectors, particularly those impacted by COVID-19, and indicated that gradual impacts may persist [76][78]

Financial Performance - Mizuho Financial Group reported net income attributable to shareholders of ¥581,765 million for the fiscal year ended March 31, 2021, a significant increase from ¥150,195 million in 2020, representing a growth of 287%[34] - Total assets increased to ¥221,651,474 million in 2021 from ¥211,218,760 million in 2020, reflecting a growth of approximately 4.3%[35] - Net interest income after provision for credit losses was ¥875,841 million in 2021, compared to ¥723,591 million in 2020, marking an increase of 21%[34] - Noninterest income surged to ¥2,041,320 million in 2021, up from ¥1,307,740 million in 2020, indicating a growth of 56%[34] - The return on equity for the fiscal year 2021 was 7.50%, a notable increase from 1.95% in 2020[35] - Total liabilities rose to ¥211,963,317 million in 2021 from ¥202,043,136 million in 2020, an increase of approximately 4.5%[35] - The provision for credit losses was ¥112,776 million in 2021, a decrease from ¥156,200 million in 2020, indicating improved credit quality[34] - Interest income for the fiscal year ended March 31, 2021, was ¥1,333,509 million, a decrease of 33.9% from ¥2,014,440 million in 2020[37] - Net interest income increased to ¥905,683 million in 2021, up 23.4% from ¥733,542 million in 2020[37] - Total assets as of March 31, 2021, were ¥225,586,211 million, an increase of 5.5% from ¥214,659,077 million in 2020[37] - Profit attributable to owners of parent for the fiscal year ended March 31, 2021, was ¥471,020 million, a 5.0% increase from ¥448,568 million in 2020[37] - Net fee and commission income rose to ¥687,147 million in 2021, reflecting an increase of 10.9% from ¥619,243 million in 2020[37] - Risk-weighted assets increased to ¥67,481,983 million in 2021, up from ¥62,141,217 million in 2020[37] - The company reported a net trading income of ¥388,130 million in 2021, a slight decrease of 0.4% from ¥391,299 million in 2020[37] - General and administrative expenses were ¥1,414,608 million in 2021, an increase of 2.6% from ¥1,378,398 million in 2020[37] Regulatory and Compliance Risks - The company is subject to capital adequacy regulations under Basel III, with full implementation scheduled for March 2023, and failure to maintain required capital ratios could lead to corrective actions[63] - The leverage ratio requirements under Basel III are set to take effect from March 31, 2023, and falling below specified levels could result in regulatory actions that adversely affect operations[66] - The company must maintain a minimum total loss absorbing capacity (TLAC) as a G-SIB, with full application of TLAC regulations effective from March 31, 2022, and failure to meet these requirements could lead to business restrictions[67] - A capital distribution constraints system was introduced in March 2016, allowing restrictions on dividends and share buybacks based on capital buffer levels[226] - TLAC regulations introduced in March 2019 require G-SIBs to maintain minimum external TLAC ratios[228] Operational and Strategic Risks - The company anticipates continued volatility in financial markets due to the ongoing impact of COVID-19, which may affect future financial performance[45] - The company faces potential adverse effects on its financial condition and operations due to financial transactions entered into for hedging purposes, which may not align with the accounting methods applied to hedged assets[54] - Impairment of long-lived assets could materially affect the company's financial condition, as impairment occurs when the carrying value exceeds future undiscounted cash flows[56] - The company relies on deposits and bonds for funding, and difficulties in raising funds could lead to increased funding costs and cash flow problems, adversely impacting operations[57] - A downgrade in the company's credit ratings could increase funding costs, require additional collateral, and negatively affect business operations, with potential collateral requirements of approximately ¥5.9 billion for a one-notch downgrade[62] - The company has experienced IT system disruptions, which could materially affect operations and result in regulatory actions or reputational harm[70] - Cyber attacks pose a significant risk to the company's ability to protect confidential information, with potential consequences including financial losses and reputational damage[73] - The company is subject to risks related to the protection of personal and confidential information, which could lead to regulatory actions and reputational harm if not adequately managed[77] - Inadequacies in anti-money laundering measures could result in regulatory actions and significant reputational damage, impacting the company's financial condition and operations[78] - The company maintains compliance measures for transactions with countries designated as state sponsors of terrorism, but any perceived inadequacies could adversely affect customer and investor relations[80] - The company has implemented a Five-Year Business Plan, but there is no assurance that the anticipated outcomes will be achieved due to various risks, including economic conditions[87] - Expansion into new areas of business exposes the company to new risks, which may not be effectively managed despite existing risk management policies[88] - Employee errors and misconduct pose risks of operational losses and reputational harm, potentially affecting the company's financial condition[89] - Deteriorating economic or market conditions in Japan or elsewhere could negatively affect the company's business operations and asset quality[97] - Changes in applicable laws and regulations could impose additional costs or restrict business activities, adversely affecting the company's financial condition[98] - Climate change poses significant risks, including increased credit-related costs and reputational damage due to financing businesses that contribute to greenhouse gas emissions[105] - The company has implemented a review of its strategy and risk management structure to address various risks, including climate change risks, which could materially affect its business operations and financial conditions[108] Business Development and Strategy - The company is implementing a 5-Year Business Plan aimed at transitioning to the next generation of financial services, focusing on structural reforms to adapt to rapid changes in the economy and society due to COVID-19[136] - A new subsidiary, Mizuho Research & Technologies, Ltd., was established on April 1, 2021, to support non-financial business areas through the integration of research, consulting, and IT system development functions[137] - The company aims to enhance its sustainability initiatives, including a commitment to achieving a low-carbon society by 2050 and aligning its portfolio with the Paris Agreement targets[153] - In the fiscal year ended March 31, 2021, the company expanded its business through a strategic alliance with Softbank Corp. to develop next-generation financial services tailored to new lifestyles[166] - The company is focusing on improving customer convenience by enhancing its branch and ATM networks, including the integration of banking, trust, and securities services at the same locations[163] - The company is actively addressing business succession and asset inheritance needs, particularly for aging business owners, by offering solutions for smooth transitions and corporate reorganization[170] - The company is leveraging its existing customer base to support the growth of innovative companies through financing and other solutions[171] - The company is promoting open collaboration with internal and external partners to provide new value through both financial and non-financial products and services[173] - The company is enhancing its service framework to address diverse business needs and build long-term relationships with customers[186] - The company is working on maintaining competitiveness by enhancing infrastructure and reducing costs in anticipation of technological progress[194] - The Asset Management Company aims to contribute to the revitalization of financial assets in Japan and achieve medium- to long-term growth through collaboration with global partners[201] - The company is focusing on developing investment products that meet the medium- to long-term asset formation needs of individual customers[198] - The company provides various financial solutions in the investment banking business, including cross-border mergers and acquisitions and project finance[204] - The company is committed to sustainability initiatives across its sales, trading, investment, and fundraising functions[193] - The company is expanding its range of services in collaboration with group companies and leveraging technological innovations[205] - The company aims to enhance its presence in the market by developing suitable products and organizational structures based on customer needs[189] - The Global 300 Strategy focuses on approximately 300 blue-chip non-Japanese companies to expand business with non-Japanese corporate customers[185] Historical Context and Structural Changes - The company was established on September 29, 2000, through the merger of three predecessor banks, and has undergone several structural changes to enhance its service capabilities and optimize management resources[118][119] - In July 2016, the company established Mizuho Americas LLC to strengthen corporate governance and expand its profit base in the U.S. market[127] - The company integrated its asset management functions with The Dai-ichi Life Insurance Company in October 2016, forming Asset Management One Co., Ltd. to enhance its asset management capabilities[129] - The company executed a memorandum of understanding in March 2017 for the management integration of Japan Trustee Services Bank and Trust & Custody Services Bank, aiming to improve operations in the domestic securities settlement market[130] - In May 2020, the company decided to integrate three subsidiaries to enhance its research, consulting, and IT development capabilities, resulting in the formation of Mizuho Research & Technologies Corporation in April 2021[131]

Financial Performance - Mizuho Financial Group reported net interest income of ¥879,791 million for the fiscal year 2020, a decrease of 1.3% from ¥893,967 million in 2019[38]. - The company’s net income attributable to MHFG shareholders for fiscal year 2020 was ¥150,195 million, representing a significant decline of 77.2% compared to ¥84,471 million in 2019[38]. - Noninterest income for fiscal year 2020 was ¥1,307,740 million, showing an increase of 7% from ¥1,222,371 million in 2019[38]. - Profit attributable to owners of the parent was ¥448,568 million in 2020, down from ¥96,566 million in 2019, indicating a significant decrease of 53.5%[44]. - The company reported a net income per share of ¥17.68 in 2020, down from ¥3.80 in 2019, reflecting a significant decline[44]. Assets and Liabilities - Total assets increased to ¥211,218,760 million in 2020, up from ¥197,611,195 million in 2019, reflecting a growth of 6.5%[39]. - Total liabilities increased to ¥202,043,136 million in 2020, up from ¥188,109,702 million in 2019, marking an increase of 7.4%[39]. - Common stock equity decreased to ¥8,512,365 million in 2020 from ¥8,726,519 million in 2019, a decline of 2.5%[39]. Capital and Risk Management - Common Equity Tier 1 capital ratio was 11.65% in 2020, a decrease from 12.76% in 2019, indicating a decline in capital adequacy[44]. - Risk-weighted assets were ¥62,141,217 million in 2020, an increase from ¥57,899,567 million in 2019, reflecting a rise of approximately 7.8%[44]. - The provision for loan losses in 2020 was ¥156,200 million, a significant increase from a credit of ¥32,459 million in 2019, reflecting a more cautious outlook on credit quality[38]. Business Strategy and Operations - The company has implemented a Five-Year Business Plan, but there is uncertainty regarding the successful implementation and achievement of key targets due to various risks, including economic conditions[92]. - Mizuho completed the migration to its new core banking system, MINORI, which is a top management priority for streamlining operations and enhancing consulting capabilities[142]. - The company aims to enhance its revenue base by reallocating corporate resources and reducing cross-shareholdings, with a focus on new business areas and stable revenue streams[141]. - The company is focusing on sustainability initiatives, revising its Basic Policy on Sustainability Initiatives in April 2020 to align with societal expectations and responsible banking principles[155]. Market and Competition - The company faces intensified competition in the financial services market, which could adversely affect its competitive position and financial performance[111]. - The company is exposed to new risks as it expands its range of products and services, which may not be adequately addressed by its risk management policies[93]. - The company is focusing on expanding its business in growing foreign markets and enhancing relationships with clients to realize value co-creation[182]. Regulatory Environment - The company is subject to capital adequacy regulations based on Basel III rules, with full application scheduled to commence in Japan from March 2023[70]. - The Financial Services Agency may order a bank holding company to submit a capital distribution constraints plan to restore the capital buffer, which includes restrictions on dividends, share buybacks, and bonuses[225]. - The Financial Services Agency plans to establish a new framework for bank supervision, replacing the Financial Inspection Manual[230]. Technology and Cybersecurity - The company’s information technology systems are critical to operations, and disruptions could lead to significant adverse effects on business[76]. - Cyber attacks pose a risk to the company's ability to protect confidential information, potentially leading to reputational damage and financial losses[79]. - Mizuho has made progress in digital technology initiatives and open collaboration with third parties to create new business opportunities[143]. Customer Focus and Product Development - The company launched Mizuho Smart Business Loans, an online lending service utilizing big data and AI technologies targeted at small and medium-sized enterprises[167]. - The company is enhancing its asset management capabilities through AI-powered advisory services and remote channels[160]. - The investment banking business provides sophisticated financial solutions, including cross-border mergers and acquisitions and project finance[202].

Financial Performance - Mizuho Financial Group reported net interest income of ¥893,967 million for the fiscal year ended March 31, 2019, a slight increase from ¥871,950 million in 2018[38]. - Noninterest income decreased to ¥1,222,371 million in 2019 from ¥1,604,663 million in 2018, reflecting a decline of approximately 23.7%[38]. - The net income attributable to MHFG shareholders for the fiscal year 2019 was ¥84,471 million, a significant drop from ¥577,608 million in 2018, representing a decrease of about 85.3%[38]. - Total assets as of March 31, 2019, were ¥197,611,195 million, down from ¥204,255,642 million in 2018, indicating a decrease of approximately 3.3%[39]. - The return on equity for common shareholders was 1.11% in 2019, a decline from 8.26% in 2018[39]. - Cash dividends per share remained consistent at ¥7.50 for the fiscal years 2015 through 2019[38]. - The total liabilities of Mizuho Financial Group decreased to ¥188,109,702 million in 2019 from ¥194,751,942 million in 2018, a reduction of about 3.4%[39]. - The provision for loan losses in 2019 was ¥32,459 million, a significant improvement compared to a provision of ¥(126,362) million in 2018[38]. - The number of shares used to calculate basic earnings per common share was approximately 25,362,376 thousand in 2019, slightly down from 25,366,345 thousand in 2018[38]. - Mizuho Financial Group's long-term debt decreased to ¥11,529,400 million in 2019 from ¥12,955,230 million in 2018, a decline of about 11%[39]. - The company's profit attributable to owners of the parent fell to ¥96.6 billion in 2019, down from ¥576.5 billion in 2018, representing a decline of approximately 83.2%[1]. - Net interest income decreased to ¥762.5 billion in 2019 from ¥807.4 billion in 2018, reflecting a decline of approximately 5.2%[1]. - General and administrative expenses were ¥1,430.9 billion in 2019, a decrease from ¥1,488.9 billion in 2018, representing a reduction of about 3.9%[1]. Capital and Financial Stability - The Common Equity Tier 1 capital ratio improved to 12.76% in 2019 from 12.49% in 2018, indicating a strengthening of capital adequacy[1]. - The Tier 1 capital ratio increased to 15.94% in 2019 from 15.44% in 2018, indicating improved financial stability[1]. - Capital adequacy ratios must be maintained above minimum required levels, with potential corrective actions required if they fall below specified thresholds[66]. - Total Loss Absorbing Capacity (TLAC) regulations require G-SIBs to maintain a minimum TLAC, with full application scheduled for March 31, 2022[70]. Business Strategy and Reforms - The company plans to revise its future earnings plans and branch network strategy as part of its new Five-Year Business Plan[45]. - The company aims to implement feasible measures early to eliminate structural issues and solidify a stable profit base[138]. - The new 5-Year Business Plan focuses on transitioning to the next generation of financial services, starting from the fiscal year ending March 31, 2020[140]. - The business plan is divided into two phases: Phase 1 focuses on structural reforms and building foundations, while Phase 2 aims to achieve growth effects[143]. - The company achieved its targets for the consolidated Common Equity Tier 1 capital (CET1) ratio but fell short on consolidated ROE, RORA, and group expense ratio due to structural reform losses[132]. - The company is implementing financial structure reforms to transition to a flexible earnings structure that can better respond to changes in the business environment[153]. Risk Management and Compliance - Cyber attacks pose significant risks to the protection of confidential information and could disrupt business operations, leading to reputational damage and financial losses[75]. - Non-compliance with information protection regulations could result in regulatory proceedings, litigation, and fines, adversely affecting financial condition and results of operations[79]. - The company has developed a system to comply with anti-money laundering and counter-terrorism financing regulations, but there is no assurance that these measures will prevent all violations, which could adversely affect its business and financial condition[80]. - Transactions with countries designated as state sponsors of terrorism may deter potential customers and investors, although the company believes these operations are not material to its overall business[81]. - The company is subject to various laws and regulations, and violations could result in regulatory actions and reputational harm, potentially impacting its financial condition and results of operations[83]. Market and Economic Conditions - Deteriorating economic or market conditions in Japan or elsewhere could negatively impact the company's business and asset quality[98]. - The company faces intense competition in the financial services market, which could adversely affect its competitive position and financial results[103]. - Natural disasters and other disruptions could materially affect the company's operations and financial condition, as seen in past events like the Great East Japan Earthquake[106]. Digitalization and Innovation - The company is enhancing its digitalization initiatives and collaborating with external partners to create new value beyond conventional financial services[144]. - The company is enhancing its digital services and collaborating with other firms to meet changing customer needs due to ongoing digitalization[167]. - The company is advancing early warning control and decision-making through digitalization and AI technology to improve sales and trading services[197]. Product and Service Development - The company is focusing on expanding noninterest income business globally and disposing of cross-shareholdings[132]. - The Retail & Business Banking Company aims to enhance consulting services for individual customers, focusing on asset management and succession, leveraging advanced technologies[160]. - The Corporate & Institutional Company has increased its ability to offer solutions by making IBJ Leasing Company an equity method affiliate, enhancing service offerings for large corporate customers[178]. - Mizuho is actively providing risk capital to renewable energy companies and startups to foster next-generation industries and promote collaboration among businesses[181]. - The Global Corporate Company is pursuing the Global 300 Strategy, focusing on approximately 300 blue-chip companies worldwide to develop long-term relationships[188]. - The company is focusing on developing investment products in collaboration with partners like BlackRock and aims to enhance capital efficiency in asset management[203]. - The Global Products Unit provides a wide range of solutions, including M&A and project finance, to meet diverse customer needs in investment banking and transaction banking[206]. - The company is committed to aligning with customers' changing needs and providing solutions based on high-level expertise, particularly in mergers and acquisitions and real estate[208]. - The Research & Consulting Unit aims to enhance its research functions and consulting business to create new value for customers in a rapidly changing economic environment[210].