OREANDA-NEWS. Mizuho Financial Group, Inc. and Mizuho Bank, Ltd. submitted a business improvement plan to the Japanese Financial Services Agency based on the business improvement order (No. 2784) that we received on December 26, 2013.

MHFG and MHBK would like to take this opportunity to express most sincere apologies to valued customers, shareholders and other stake holders for the inconvenience and concern that companies have caused in relation to this business improvement order.

The business improvement plan submitted today takes into consideration the business improvement plan already submitted on October 28, 2013 based on business improvement order (No. 2094) dated  September 27, 2013, including subsequent progress, amendments based on the current administrative order and additional countermeasures.

MHFG and MHBK intend to regain trust from customers, shareholders and the wider society by thoroughly implementing this business improvement plan. Companies will also enhance framework to eliminate anti-social elements and fulfill responsibility to society.

As companies have announced previously, MHFG is cons idering establishing a strong governance system and strengthening our crisis management capabilities toward further enhancement of group governance. We will create an advanced management framework, which will lead to the growth of Mizuho through contribution to customers, the economy and society.