Third Largest Japanese Company by Market Cap
19th NYSE-Listed Company from Japan, Bringing Total Global Market
Capitalization of Japanese Companies on NYSE to $962 Billion
NEW YORK--(BUSINESS WIRE)--November 08, 2006
Today, NYSE Group, Inc. (NYSE: NYX) welcomed its 19th Japanese
listed company when Mizuho Financial Group, one of the largest
financial institutions in the world, joined the world's leading and
largest equities market. Mizuho Financial Group, Inc. (NYSE: MFG) is
the third-largest NYSE-listed Japanese company by market cap with a
total global market capitalization of $92 billion.
"The listing of Mizuho's ADRs on the NYSE is clear evidence of a
new era for Mizuho Financial Group and its return to the world stage,"
said Mizuho Financial Group CEO Terunobu Maeda. "It is also a symbol
of the revival of the Japanese banking industry, following the long
and difficult period of consolidation and reform. Through the listing,
Mizuho aims to further strengthen its internal controls in line with
Sarbanes-Oxley compliance requirements and to improve corporate
disclosure. Mizuho also hopes to diversify its global investor base as
it gains and strengthens investor confidence."
"We welcome Mizuho Financial Group, Inc. to our family of listed
companies," said NYSE Group, Inc. CEO John A. Thain. "It is fitting
for Mizuho Financial Group, one of the largest financial institutions
in the world, to take its place among the world's leading companies.
We look forward to providing the company and its shareholders with the
highest levels of market quality and services."
To celebrate this special occasion, Mizuho Financial Group, Inc.
CEO Terunobu Maeda rang The Opening Bell and participated in media
activities throughout the morning.
About Mizuho Financial Group, Inc.
Mizuho Financial Group is one of the largest financial
institutions in the world, offering a broad range of financial
services including banking, securities, trust and asset management
The group has over 45,000 staff working in 764 offices around the
world, and total assets of over $1.2 trillion (as of March 2006). The
company has a market capitalization over $92 billion.
The group was created through the establishment of a holding
company of its three predecessor banks, The Dai-Ichi Kangyo Bank, The
Fuji Bank and The Industrial Bank of Japan. Under the Mizuho Financial
Group umbrella, core companies include Mizuho Bank and Mizuho
Mizuho Bank, the retail-oriented banking subsidiary, has
approximately 26 million individual customer accounts and lends to
approximately 100,000 small and medium-sized enterprises, or SMEs, and
Mizuho Corporate Bank, the wholesale banking subsidiary, has
business relationships with approximately 70% of all companies listed
on Japanese stock exchanges.
(Source: Mizuho Financial Group, Inc.)
About NYSE Group, Inc.
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the
New York Stock Exchange (the "NYSE") and NYSE Arca, Inc. (formerly
known as the Archipelago Exchange, or ArcaEx(R), and the Pacific
Exchange). NYSE Group is a leading provider of securities listing,
trading and market data products and services. In the third quarter of
2006, on an average trading day, 2.2 billion shares, valued at $80.1
billion, were traded on the exchanges of the NYSE Group.
The NYSE is the world's largest and most liquid cash equities
exchange. The NYSE provides a reliable, orderly, liquid and efficient
marketplace where investors buy and sell listed companies' common
stock and other securities. On September 30, 2006, the operating
companies listed on the NYSE represented a total global market
capitalization of $23.0 trillion.
NYSE Arca operates NYSE Arca, Inc., the first open, all-electronic
stock exchange in the United States, and has a leading position in
trading exchange-traded funds and exchange-listed securities. NYSE
Arca, Inc. is also an exchange for trading equity options. NYSE Arca's
trading platforms provide customers with fast electronic execution and
open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary,
regulates member organizations through the enforcement of marketplace
rules and federal securities laws. NYSE Regulation also ensures that
companies listed on the NYSE and NYSE Arca meet their financial and
corporate governance listing standards.
For more information on NYSE Group, go to: www.nyse.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this document may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on NYSE Group's current
expectations and involve risks and uncertainties that could cause NYSE
Group's actual results to differ materially from those set forth in
the statements. There can be no assurance that such expectations will
prove to be correct. Actual results may differ materially from those
expressed or implied in the forward-looking statements. Factors that
could cause NYSE Group's results to differ materially from current
expectations include, but are not limited to: NYSE Group's ability to
implement its strategic initiatives, economic, political and market
conditions and fluctuations, government and industry regulation,
interest rate risk and U.S. and global competition, and other factors
detailed in NYSE Group's Annual Report on Form 10-K and other periodic
reports filed with the U.S. Securities and Exchange Commission. In
addition, these statements are based on a number of assumptions that
are subject to change. Accordingly, actual results may be materially
higher or lower than those projected. The inclusion of such
projections herein should not be regarded as a representation by NYSE
Group that the projections will prove to be correct. NYSE Group
undertakes no obligation to release any revisions to any
NYSE Group, Inc.
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