Mizuho Financial Group’s Partnership with Rakuten Bank | May 2026

Performance Overview

Mizuho Financial Group's consolidated net assets for the fiscal year ending March 2026 reached 9 trillion 3,565 billion 6,600 thousand yen, increasing from the previous year. Net income attributable to parent company shareholders also grew significantly to 1 trillion 33 billion 4,860 thousand yen, indicating strong performance. Through the capital alliance with Rakuten Bank, the company is promoting asset fluidization and collaboration in payment services, aiming to strengthen its revenue base. Share issuance and changes in major shareholders associated with the partnership have been implemented, further deepening the collaboration between both companies.

Future Outlook and Impact on Shareholders

Mizuho Bank and Rakuten Bank concluded a capital alliance on May 20, 2026, scheduled to commence on October 1, 2026. The alliance seeks to optimize corporate and individual funding and deposits, promote domestic fund circulation, and enhance corporate value. Becoming a major shareholder of Rakuten Bank aims to preserve Mizuho Bank’s management autonomy while maximizing business synergy. The impact on future performance is under review, with further details to be disclosed in due course.