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2025-08-01
Mizuho Financial Group, Inc. reported earnings results for the first quarter ended June 30, 2025. For the first quarter, the company reported net interest income was JPY 301,471 million compared to JPY 231,475 million a year ago. Net income was JPY 290,521 million compared to JPY 289,300 million a year ago. Basic earnings per share from continuing operations was JPY 115.9 compared to JPY 114.14 a year ago. Diluted earnings per share from continuing operations was JPY 115.9 compared to JPY 114.14 a year ago.
2025-07-31
Mizuho Financial Group, Inc. revised consolidated earnings guidance for the fiscal year 2025 ending March 31, 2026. For the year, the company expects revised profit attributable to owners of parent of JPY 1,020,000 million compared to previously expected guidance of JPY 940,000 million and earnings per share of Common Stock of JPY 407.81.
2025-07-26
Mizuho Securities Co., Ltd., Mizuho Financial Group, Inc. (TSE:8411) and Mizuho International plc agreed to acquire Augusta & Co. plc on July 25, 2025. The Augusta & Co brand will be maintained, and the existing leadership will remain in place. The transaction is expected to close by October 2025 and is subject to regulatory approvals.
2025-07-02
From May 15, 2025 to June 30, 2025, the company has repurchased 10,453,700 shares, representing 0.42% for ¥40,957.08 million. With this, the company has completed the repurchase of 10,453,700 shares, representing 0.42% for ¥40,957.08 million under the buyback announced on May 15, 2025.
2025-07-01
Hotel 101 Global Pte. Ltd agreed to acquire JVSPAC Acquisition Corp. (NasdaqCM:JVSA) from Winky Investments Limited, AQR Capital Management, LLC, Meteora Capital, LLC, Mizuho Financial Group, Inc. (TSE:8411) and others for enterprise value of $2.3 billion in reverse merger transaction on April 8, 2024. Upon the terms and subject to the conditions of the Merger Agreement, and in accordance with applicable laws, as part of the transactions contemplated by the Merger Agreement and the Additional Agreements (defined below) (the “Transactions”), after the Restructuring, (a) Hotel101 Global and Merger Sub 1 will amalgamate, with Hotel101 Global being the surviving entity and becoming a wholly-owned subsidiary of HBNB (“Company Amalgamation”), and (b) Merger Sub 2 will merge with and into JVSPAC, with JVSPAC being the surviving entity and becoming a wholly-owned subsidiary of HBNB (the “SPAC Merger”). The Company Amalgamation is subject to, among other things, approval by the respective shareholders and secured creditors of Hotel101 Global and Merger Sub 1. Pursuant to the terms of the Merger Agreement, the aggregate consideration is $2.3 billion in newly issued ordinary shares of HBNB at a price of $10.00 per share (the “Consideration Shares”) consisting of (i) 195,500,000 HBNB Ordinary Shares to be paid to DDPC, Hotel101 Worldwide and DoubleDragon (the “Closing Payment Shares”) and (ii) 34,500,000 HBNB Ordinary Shares to be issued to certain key executives (“Key Executives”) of HBNB and DoubleDragon (the “Key Executive Shares”). HBNB is authorized to issue the Key Executive Shares, which is expected to take into effect prior to the closing of the Company Amalgamation together with the SPAC Merger and other transactions as contemplated by the Merger Agreement (collectively referred to as the “Business Combination”). The Sponsor and its affiliates and JVSPAC’s directors and officers will retain 1,737,500 JVSPAC Ordinary Shares upon consummation of the Business Combination, representing ownership interest of 0.7% in the combined company, which represents a transaction value of $17.1 million, assuming a pre-transaction value of HBNB of $2.3 billion, assuming maximum redemption by JVSPAC Public Shareholders and assuming no issuance of any Earnout Shares. The completion of the transaction is subject to regulatory and shareholders of JVSPAC Acquisition Corp. (NasdaqCM:JVSA) or Hotel 101 Global Pte. Ltd. approvals and other customary closing conditions. The board of directors of JVSPAC Acquisition Corp., a British Virgin Island business company (“JVSPAC”), has approved the agreement and plan of merger, dated as of April 8, 2024. The transaction is expected to close during the second half of 2024. Merdeka Corporate Finance Limited acted as the financial advisor and Milbank LLP acted as a legal advisor to Hotel 101 Global Pte. Ltd. Loeb & Loeb LLP and DaHui Lawyers acted as the legal advisors to JVSPAC Acquisition Corp. (NasdaqCM:JVSA). HBNB shall also issue 600,000 HBNB Ordinary Shares to its financial adviser for the Business Combination. Continental Stock Transfer & Trust Company acted as transfer ageent to HBNB’s securities. Advantage Proxy, Inc. acted as information agent to JVSPAC and received $9,500 as fees. HBNB intends to apply to have the HBNB Ordinary Shares approved for listing on Nasdaq after the consummation of the Business Combination. On September 3, 2024, JVSPAC entered into the First Amendment to Agreement and Plan of Merger (the “First Amendment”) with the Company Parties, the Principal Shareholders, PubCo, Merger Sub 1 and Merger Sub 2, that amended and modified the Original Merger Agreement. Pursuant to the First Amendment, (i) prior to the SPAC Merger and the Company Amalgamation, DoubleDragon will transfer 40% of the total issued share capital of Hotel of Asia to Hotel101 Global, in exchange for the issuance of 1,987,239 Hotel101 Global Shares, (ii) at the Company Amalgamation Effective Time, Hotel101 Global and Merger Sub 1 shall amalgamate and continue as one company, with Hotel101 Global being the surviving entity, and as a wholly owned subsidiary of PubCo, (iii) at the SPAC Merger Effective Time, Merger Sub 2 shall merge with and into JVSPAC with JVSPAC being the surviving entity, and a wholly owned subsidiary of PubCo, (iv) the definitions and provisions of “Closing Payment Shares”, “Consideration Shares”, “Hotel101 Global Shareholder Approval” and “Share Purchase Agreement” were amended, (v) at the Company Amalgamation Effective Time, each of Hotel101 Global Shares issued and outstanding immediately prior to the Company Amalgamation Effective Time shall automatically be cancelled in exchange for the right to receive one PubCo Ordinary Share to be issued on the Closing Date, aggregating to 195,500,000 PubCo Ordinary Shares in total, (vi) certain representations and warranties of the parties and certain covenants regarding D&O Tail Insurance, financial statements, minority shareholder rights, and other matters were amended, (vii) if the Closing is not expected to occur by January 23, 2025 and termination of the Merger Agreement has not occurred, then Hotel101 Global shall deposit into the SPAC’s working capital account $2 million to extend the existence and cover certain expenses of JVSPAC, as further described in the First Amendment, (viii) modifications were made to the termination provisions and the Termination Fee was increased to $2 million and (ix) certain schedules and exhibits to the Original Merger Agreement were amended. DoubleDragon will pay JVSPAC (or its designees) an amount equal to $2 million. As of January 13, 2025 the Company used funds from the amount received and deposited into the Company’s trust account $575,000 (representing $0.10 per Class A ordinary share) to extend the Combination Period from January 23, 2025 to April 23, 2025. As of May 23, 2025 The Company is proposing to amend its Charter to allow the Company to extend the time the Company has to consummate a business combination up to twelve (12) times for an additional one (1) month each time from July 23, 2025 to July 23, 2026. As of June 2, 2025, the United States Securities and Exchange Commission has declared effective Hotel101's registration statement on Form F-4 filed with the SEC in connection with the previously announced business combination agreement between Hotel101 and JVSPAC. Hotel101 will become the first Filipino-owned company to be listed and traded on Nasdaq. Upon listing, the combined company will operate as Hotel101 Global Holdings Corp. and trade under the ticker symbol 'HBNB'. Hotel 101 Global Pte. Ltd completed the acquisition of JVSPAC Acquisition Corp. (NasdaqCM:JVSA) from Winky Investments Limited, AQR Capital Management, LLC, Meteora Capital, LLC, Mizuho Financial Group, Inc. (TSE:8411) and others in reverse merger transaction on June 30, 2025. The business combination was approved by JVSPAC shareholders on June 24, 2025.
2025-06-30
Mizuho Financial Group, Inc. has announced a Fixed-Income Offering. Security Name: Floating Rate Senior Unsubordinated Unsecured Notes due 2031 Security Type: Corporate Bond/Note (Non Convertible) Security Features: Callable; EuroBonds; Eurodollar bonds; Floating Rate; Senior; Unsecured; Unsubordinated Coupon Type: Variable
2025-06-30
Mizuho Financial Group, Inc. has announced a Fixed-Income Offering. Security Name: Fixed to Floating Rate Senior Unsubordinated Unsecured Notes due 2036 Security Type: Corporate Bond/Note (Non Convertible) Security Features: Callable; EuroBonds; Eurodollar bonds; Senior; Unsecured; Unsubordinated; Variable Rate Coupon Type: Variable
2025-06-30
Mizuho Financial Group, Inc. has completed a Fixed-Income Offering in the amount of $1.25 billion. Security Name: Fixed to Floating Rate Senior Unsubordinated Unsecured Notes due July 8, 2031 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $1.25 billion Price\Range: 100% Discount Per Security: 0.35% Security Features: Callable; EuroBonds; Eurodollar bonds; Senior; Unsecured; Unsubordinated; Variable Rate Coupon Type: Variable
2025-06-30
Mizuho Financial Group, Inc. has announced a Fixed-Income Offering. Security Name: Fixed to Floating Rate Senior Unsubordinated Unsecured Notes due 2031 Security Type: Corporate Bond/Note (Non Convertible) Security Features: Callable; EuroBonds; Eurodollar bonds; Senior; Unsecured; Unsubordinated; Variable Rate Coupon Type: Variable
2025-06-29
Scage International Limited entered into a definitive agreement to acquire Finnovate Acquisition Corp. (NasdaqGM:FNVT) from a group of shareholders in a reverse merger transaction for $800 million on August 21, 2023. Post the merger, the newly formed entity Scage Future will seek to be listed on the Nasdaq Stock Market. The outstanding securities of Scage and Finnovate will be converted into the right to receive securities of Scage Future. Post-combination company, the current shareholders of Scage International will have a majority of the voting power of the post-combination company, Scage International’s senior management comprising all of the senior management of the post-combination company, the relative size of Scage International compared to Finnovate, and Scage International’s operations comprising the ongoing operations. The boards of directors or similar governing bodies of Scage and Finnovate have approved the proposed transaction. Scage’s Founder and Chairman, Chao Gao, is expected to continue to lead Scage Future after the closing of the transaction. The parties anticipate that, following the Business Combination, the PubCo ADSs and Assumed Warrants will be listed on the Nasdaq Stock Market under the symbols “SCAG” and “SCAGW,” respectively, and the Finnovate Units, Finnovate Class A Ordinary Shares, and Finnovate Public Warrants will cease trading on the Nasdaq. The extraordinary general meeting of shareholders in lieu of an annual general meeting will be held on on May 2, 2024. The transaction is further conditional upon (1) the approval of the Scage Business Combination Agreement and the Scage Business Combination and related matters by the requisite vote of our Company’s and Scage’s shareholders; (2) obtaining material regulatory approvals; (3) receipt of specified third party consents from any bank that has granted a valid credit facility to Scage or any notifications to be made to any such bank; (4) no law or order preventing or prohibiting the Business Combination; (5) our Company or Pubco shall have consolidated net tangible assets of at least $5,000,001 (as calculated and determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) either immediately prior to the Closing (after giving effect to the redemption) or upon the Closing after giving effect to the Mergers (including the redemption), or Pubco otherwise is exempt from the provisions of Rule 419 promulgated under the Exchange Act (i.e. one of several exclusions from the “penny stock” rules of the SEC applies and we rely on another exclusion); (6) amendment by the shareholders of Pubco of Pubco’s memorandum and articles of association; (7) the effectiveness of the Scage Registration Statement; (8) appointment of the post-closing directors of Pubco; and (9) Nasdaq listing requirements having been fulfilled. As of June 18, 2024, the parties to the Business Combination Agreement entered into the First Amendment to Business Combination Agreement. The amendment provides for, among other things, the: reduction of the aggregate consideration to the shareholders of Scage International from $1 billion to $800 million subject to net debt adjustment. On May 2, 2024, we held an extraordinary general meeting in lieu of an annual general meeting of shareholders to amend the Finnovate Articles to approve the extension of the date by which the company has to consummate an initial business combination from May 8, 2024 to November 8, 2024. As of January 28, 2025, the upcoming extraordinary general meeting of shareholders of Finnovate Acquisition has been postponed to 10:00 a.m., Eastern Time on Thursday, February 27, 2025. As a result of this change, the deadline for holders of Finnovate’s Class A ordinary shares issued in its initial public offering to submit their shares for redemption in connection with the Business Combination, is being extended to 5:00 p.m., Eastern time, on Tuesday, February 25, 2025. As of February 25, 2025, Finnovate Acquisition postponed its upcoming extraordinary general meeting of shareholders to March 17, 2025 to allow for additional time for Scage International to obtain requisite listing approvals from the China Securities Regulatory Commission. As of March 13, 2025, Finnovate Acquisition postponed its upcoming extraordinary general meeting of shareholders to March 27, 2025, to allow for additional time for Scage International to obtain requisite listing approvals from the China Securities Regulatory Commission. As of March 13, 2025 China Securities Regulatory Commission has approved the transaction. As of March 25, 2025 Finnovate Acquisition postponed its upcoming extraordinary general meeting of shareholders to March 28, 2025. The Registration Statement on Form F-4 has been declared effective by SEC on December 27, 2024. On March 28, 2025, Finnovate held an extraordinary general meeting of shareholders where the shareholders of Finnovate approved the business combination and Finnovate expects the Business Combination to close before the end of April 2025. Barry I. Grossman and Jessica Yuan of Ellenoff Grossman & Schole LLP is serving as legal advisor to Finnovate. Dan Ouyang, Myra A. Sutanto Shen, Derek E. Wallace and K. Ronnie Li of Wilson Sonsini Goodrich & Rosati, Jingtian & Gongcheng and Florence Chan, Rachel Huang, Anna Cheung and Chloe Yip of Ogier are serving as legal advisors to Scage. Steven C. Hastings of ValueScope, Inc. acted as financial advisor and fairness opinion provider to Finnovate. Cayman Islands legal matters will be passed upon for PubCo and Finnovate by Ogier. Mark Zimkind of Continental Stock Transfer & Trust Company acted as transfer agent to Finnovate. Advantage Proxy, Inc. acted as proxy solicitor to Finnovate. Advantage Proxy received $12,500 for their role as proxy solicitor. ValueScope received $99,055 for their role as financial opinion provider. Scage International Limited completed the acquisition of Finnovate Acquisition Corp. (NasdaqGM:FNVT) from a group of shareholders in a reverse merger transaction on June 27, 2025.
2025-06-27
Mizuho Financial Group, Inc. at its ordinary general meeting held on June 24, 2025, approved partial amendment to the Articles of Incorporation.
2025-06-17
Mizuho Financial Group, Inc. announced that they will report Q1, 2026 results on Jul 31, 2025
2025-06-11
Mizuho Financial Group, Inc. (TSE:8411) is on the verge of buying a majority stake in investment bank Avendus Capital Private Limited, people familiar with the matter said, in what would be the latest acquisition by a Japanese bank in India. Executives are hammering out details of a transaction that could be finalized as soon as this month and value Avendus at about $800 million, including debt, the people said, asking not to be identified because the deliberations are private.
2025-06-05
Namib Minerals entered into a non-binding letter of intent to acquire Hennessy Capital Investment Corp. VI (NasdaqGM:HCVI) from a group of shareholders for approximately $840 million in a reverse merger transaction on March 12, 2024. Namib Minerals entered into a definitive business combination agreement to acquire Hennessy Capital Investment Corp. VI (NasdaqGM:HCVI) from a group of shareholders for approximately $840 million in a reverse merger transaction on June 17, 2024. The Proposed Business Combination consideration of approximately 50 million PubCo ordinary shares values Namib at a pre-money enterprise value of $500 million, with up to an additional 30 million PubCo ordinary shares tied to the completion of operational milestones, including the commercial production of the Mazowe and Redwing mines. The Proposed Business Combination is expected to deliver net proceeds to Namib of approximately $91 million, assuming no further redemptions by HCVI’s public stockholders, as well as approximately $60 million of additional funding from one or more financing agreements with investors expected to be executed prior to the Closing. The Proposed Business Combination implies a pro forma combined enterprise value of PubCo $609 million, excluding additional earnout consideration, on a cash-free and debt-free basis, assuming no further redemptions of HCVI’s public shares and $60 million in targeted PIPE funding to be obtained prior to the Closing. Under the terms of the Business Combination Agreement, Namib’s existing shareholders will convert 100% of their equity ownership stakes into the combined company and are expected to own approximately 71% of the post-combination company upon consummation of the Proposed Business Combination. The combined public company (“PubCo”) is expected to be named “Namib Minerals” and to list its common stock and warrants to purchase common stock on Nasdaq under the new ticker symbols “NAMM” and “NAMMW”, respectively, subject to approval of its listing application. Namib’s existing management team, led by Chief Executive Officer, Ibrahima Tall, will continue to lead the business after the Closing. The boards of directors of both HCVI and Namib have unanimously approved the proposed transaction, which is expected to be completed in the fourth quarter of 2024, subject to, among other things, the approvals by stockholders of HCVI and Namib and satisfaction or waiver of the other conditions set forth in the Business Combination Agreement. As of September 11, 2024, Hennessy Capital issued letter to shareholders inviting them for special meeting to be held on September 27, 2024, with regards to the business combination. As of October 1, 2024, Hennessy Capital Investment voted to extend the date by which company must consulate an initial business combination from September 30, 2024 to March 31, 2025. As of November 8, 2024, the transaction is expected to close in the fourth quarter of 2024. As per the filling on March 5, 2025, the combined public company (Pubco) is expected to be named Namib Minerals, and to list its shares and warrants on Nasdaq under the ticker symbols “NAMM,” and NAMMW respectively, subject to completion of the business combination and Nasdaq approval. As of March 17, 2025 SEC has declared effective the Registration Statement. As of April 23, 2025. The transaction expected to close on April 30, 2025. As on May 6, 2025, The transaction has been approved by HCVI shareholders. Cohen & Company Capital Markets is serving as exclusive financial advisor and lead capital markets advisor to Namib, while Jett Capital Advisors LLC is serving as financial advisor to HCVI. Alan Annex and Adam Namoury of Greenberg Traurig, LLP is serving as U.S. legal counsel to Namib, and Jeffrey Smith and Michael Heinz of Sidley Austin LLP is serving as legal counsel to HCVI. Appleby (Cayman) Ltd. acted as legal counsel, and Gateway Group is serving as investor relations advisor for the transaction. Continental Stock Transfer & Trust Company acted as transfer agent to Hennessy Capital. HCVI engaged Bara Consulting Ltd. to perform on-site due diligence on the assets of Greenstone. Sodali & Co. acted as information agent to Hennessy Capital. As compensation for Jett’s services, Jett is entitled to a cash fee equal to $3.5 million from immediately available funds upon the Closing. As compensation for EntrepreneurShares’ service in connection with the rendering the Opinion to the HCVI Board, HCVI agreed to pay EntrepreneurShares a fee of $125,000. Gill Godlonton and Gerrans acted as legal advisor to HCVI. HCVI has agreed to pay the Solicitation Agent Sodali, an approximately $35,000 in connection with its services to HCVI, of which $30,000 is payable upon the Closing. lliance Advisors Investor Relations is serving as investor relations advisor to Namib. Namib Minerals completed the acquisition of Hennessy Capital Investment Corp. VI (NasdaqGM:HCVI) from a group of shareholders in a reverse merger transaction on June 5, 2025.
2025-05-19
Mizuho Financial Group, Inc. provided dividend guidance for the fiscal year ending March 31, 2026. For the year, the company expects to pay dividend of JPY 72.50 per share against JPY 75.00 per share a year ago.
2025-05-19
Mizuho Financial Group, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company expects profit attributable to owners of parent of JPY 940,000 million and earnings per share of Common Stock of JPY 374.57.
2025-05-19
Mizuho Financial Group, Inc. announced dividend for the fiscal year ended March 31, 2025 and provided dividend guidance for the second quarter-end of the fiscal year ending March 31, 2026. For the fiscal year ended March 31, 2025, the company announced dividend of JPY 75.00 per share against JPY 55.00 per share a year ago. Commencement of Dividend Payment (scheduled) is June 6, 2025. For the second quarter-end of the fiscal year ending March 31, 2026, the company expects to pay dividend of JPY 72.50 per share against JPY 65.00 per share a year ago.
2025-05-16
The Board of Directors of Mizuho Financial Group, Inc. has authorized a buyback plan on May 15, 2025.
2025-05-16
Mizuho Financial Group, Inc. (TSE:8411) announces a share repurchase program. Under the program, the company will repurchase up to 40,000,000 shares, representing 1.59% of its issued share capital, for ¥100,000 million. The purpose of the buyback is to maintain a capital policy pursuing the optimal balance between capital adequacy, growth investment and enhancement of shareholder returns. The repurchased shares will be cancelled. The program will expire on August 31, 2025. As of March 31, 2025, the company had 2,509,524,492 shares issued excluding treasury shares and 4,233,302 treasury shares.
2025-05-15
Mizuho Financial Group, Inc., Annual General Meeting, Jun 24, 2025.
2025-05-15
Mizuho Financial Group, Inc. expected to report Q1 2026 results on July 29, 2025. This event was calculated by S&P Global (Created on May 15, 2025).
2025-05-15
Mizuho Financial Group, Inc., Board Meeting, May 15, 2025. Agenda: To distribute year-end dividends from surplus with a record date of March 31, 2025; and to consider other business matters.
2025-05-07
Mizuho Financial Group, Inc. has completed a Fixed-Income Offering in the amount of ¥52.5 billion. Security Name: Fixed to Floating Rate Subordinated Unsecured Perpetual Notes Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: ¥52.5 billion Price\Range: 100% Security Features: Perpetual; Subordinated; Unsecured; Variable Rate Coupon Type: Variable
2025-05-07
Mizuho Financial Group, Inc. has announced a Fixed-Income Offering in the amount of ¥52.5 billion. Security Name: Fixed to Floating Rate Subordinated Unsecured Perpetual Notes Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: ¥52.5 billion Price\Range: 100% Security Features: Perpetual; Subordinated; Unsecured; Variable Rate Coupon Type: Variable
2025-05-07
Mizuho Financial Group, Inc. has completed a Fixed-Income Offering in the amount of ¥111.5 billion. Security Name: Fixed to Floating Rate Subordinated Unsecured Perpetual Notes Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: ¥111.5 billion Price\Range: 100% Security Features: Perpetual; Subordinated; Unsecured; Variable Rate Coupon Type: Variable
2025-05-07
Mizuho Financial Group, Inc. has announced a Fixed-Income Offering. Security Name: Fixed to Floating Rate Subordinated Unsecured Notes Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: ¥111.5 billion Security Features: Subordinated; Unsecured; Variable Rate Coupon Type: Variable
2025-05-03
Mizuho Financial Group, Inc. will redeem the USD 50,000,000 outstanding aggregate principal amount of the 2.226% Senior Fixed-to-Floating rate notes due 2025 on May 25, 2025, as set below: the redemption date: May 25, 2025, the redemption price: 100% of the principal amount of the Notes the principal amount: USD 750,000,000.
2025-04-25
Mizuho Financial Group, Inc., 2025 Earnings Call, May 15, 2025
2025-04-22
Mizuho Financial Group, Inc., Mizuho Neuro & Ophthalmology Summit 2025, May 20, 2025 through May 21, 2025. Venue: Park Lane Hotel, 36 Central Park South, New York, New York, United States.
2025-04-01
Mizuho Financial Group, Inc. - Special Call
2025-03-20
Mizuho Financial Group, Inc. has completed a Fixed-Income Offering in the amount of €650 million. Security Name: Fixed to Floating Rate Senior Unsecured Notes due May 13, 2033 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: €650 million Price\Range: 100% Security Features: Callable; Euro MTN; EuroBonds; MTN; Senior; Unsecured; Variable Rate Coupon Type: Variable Transaction Features: Regulation S
2025-03-06
Mizuho Financial Group, Inc. announced that they will report fiscal year 2025 results on May 15, 2025
2025-03-04
The company closed its plan on February 28, 2025.
2025-03-04
From January 1, 2025 to February 28, 2025, the company has repurchased 9,840,200 shares, representing 0.39% for ¥40,571.51 million. With this, the company has completed the repurchase of 25,492,100 shares, representing 1.01% for ¥99,999.83 million under the buyback announced on November 14, 2024.
2025-03-01
Mizuho Financial Group, Inc. announced changes of Members of the Board of Directors and Executive Officers. Masahiko Tezuka expected to resign as a Member of the Board of Directors (Outside Director) (Audit & Supervisory Committee Member) (not-full-time) of MHBK in late June 2025. Izumi Kobayashi and Ryoji Sato to resign as Members of the Board of Directors (Outside Directors). Makoto Matsubara resigned as Senior Executive Officer Group Chief Compliance Officer (Group CCO).
2025-02-21
Mizuho Financial Group, Inc., Mizuho Japan Opportunities Conference, Mar 07, 2025.
2025-02-19
Mizuho Financial Group, Inc. issued €650,000,000 3.295%. Fixed to Floating Rate Senior Notes due 2033 under the USD 30,000,000,000 Debt Issuance Programme. Status of the Notes: Senior; Specified Currency or Currencies: Euro; Aggregate Nominal Amount: €650,000,000; Issue price of tranche: 100.00% of the aggregate nominal amount (ii) Net Proceeds: €647,725,000; Specified Denominations: 100,000 and integral multiples of 1,000 in excess thereof; Calculation amount: €1,000; Issue date: 13 February 2025; Interest Commencement Date: 13 February 2025; Maturity Date: 13 May 2033 (not adjusted); Interest Basis: Fixed to Floating Rate Interest. In connection with this issue, Mizuho International plc (Stabilising Manager) or any person acting for the Stabilising Manager may over-allot or effect transactions with a view to supporting the market price of the Notes at a level higher than that which might otherwise prevail for a limited period. However, there may be no obligation on the Stabilising Manager or any agent of the Stabilising Manager to do this. Such stabilising, if commenced, may be discontinued at any time and must be brought to an end after a limited time.
2025-02-07
Mizuho Financial Group, Inc. has completed a Fixed-Income Offering in the amount of $300 million. Security Name: Floating Rate Senior Unsubordinated Unsecured Notes due May, 2031 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $300 million Price\Range: 100% Discount Per Security: 0.35% Security Features: Callable; EuroBonds; Eurodollar bonds; Floating Rate; Senior; Unsecured; Unsubordinated Coupon Type: Variable
2025-02-07
Goldman Sachs & Co. LLC has been added as the Co-Lead Underwriter for Mizuho Financial Group, Inc.'s $300 million Fixed-Income Offering.
2025-02-07
J.P. Morgan Securities LLC has been added as the Co-Lead Underwriter for Mizuho Financial Group, Inc.'s $300 million Fixed-Income Offering.
2025-02-07
Mizuho Financial Group, Inc. has completed a Fixed-Income Offering in the amount of $700 million. Security Name: Fixed to Floating Rate Senior Unsubordinated Unsecured Notes due May, 2031 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $700 million Price\Range: 100% Discount Per Security: 0.35% Security Features: Callable; EuroBonds; Eurodollar bonds; Senior; Unsecured; Unsubordinated; Variable Rate Coupon Type: Variable
2025-02-07
Goldman Sachs & Co. LLC has been added as the Co-Lead Underwriter for Mizuho Financial Group, Inc.'s $700 million Fixed-Income Offering.
2025-02-07
J.P. Morgan Securities LLC has been added as the Co-Lead Underwriter for Mizuho Financial Group, Inc.'s $700 million Fixed-Income Offering.
2025-02-07
Mizuho Financial Group, Inc. has completed a Fixed-Income Offering in the amount of $900 million. Security Name: Fixed to Floating Rate Senior Unsubordinated Unsecured Notes due May, 2036 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $900 million Price\Range: 100% Discount Per Security: 0.45% Security Features: Callable; EuroBonds; Eurodollar bonds; Senior; Unsecured; Unsubordinated; Variable Rate Coupon Type: Variable
2025-02-07
Goldman Sachs & Co. LLC has been added as the Co-Lead Underwriter for Mizuho Financial Group, Inc.'s $900 million Fixed-Income Offering.
2025-02-07
J.P. Morgan Securities LLC has been added as the Co-Lead Underwriter for Mizuho Financial Group, Inc.'s $900 million Fixed-Income Offering.
2025-02-07
Mizuho Financial Group, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2025. for the year, the company expects Profit Attributable to Owners of Parent of JPY 820,000 million and earnings per share of common stock of JPY 324.12.
2025-02-06
Mizuho Financial Group, Inc. has announced a Fixed-Income Offering. Security Name: Floating Rate Senior Unsubordinated Unsecured Notes due May, 2031 Security Type: Corporate Bond/Note (Non Convertible) Security Features: Callable; EuroBonds; Eurodollar bonds; Floating Rate; Senior; Unsecured; Unsubordinated Coupon Type: Variable
2025-01-06
From November 14, 2024 to December 31, 2024, the company has repurchased 15,651,900 shares, representing 0.62% for ¥59,428.31 million. With this, the company has completed the repurchase of 15,651,900 shares, representing 0.62% for ¥59,428.31 million under the buyback announced on November 14, 2024.
2025-01-01
Mizuho Financial Group, Inc. expected to report Fiscal Year 2025 results on May 14, 2025. This event was calculated by S&P Global (Created on December 31, 2024).
2024-12-19
TVS Credit Services Limited has joined the race for KKR & Co. Inc. (NYSE:KKR)-backed investment bank Avendus Capital Private Limited as part of its strategy to expand the group's financial services business, three people with knowledge of the development said. The financial services arm of the Chennai-based conglomerate has held several rounds of discussions in the last six months ahead of a likely bid, the people cited above said on the condition of anonymity. US private equity firm KKR & Co. has been looking to find a buyer for Avendus Capital for over a year. TVS Group may acquire Avendus and keep it as a standalone entity within the group, or make an acquisition through TVSCredit, one of the two people cited above said on the condition of anonymity. "The group is well-funded and can pull this off through internal accruals if need be. It does not need to partner with anyone, " the person said. If needed, TVS may raise debt at a later stage. Others expected to submit binding bids for Avendus include Nomura Holdings, Inc. (TSE:8604), Mizuho Financial Group, Inc. (TSE:8411) and US buyout firm The Carlyle Group Inc. (NasdaqGS:CG), previous reports have said. KKR had appointed Nomura to find a buyer over a year ago, but the Japanese investment bank recused itself, given its own interest in Avendus. Later, KKR named Rothschild as investment banker. KKR first invested nearly $120 million in Avendus Capital in 2015. In 2017, it picked up more shares and brought in private equity firm Gaja Capital, valuing the investment bank at around $869 million on a post-money valuation basis, according to VCCEdge. KKR and Gaja Capital together own around 70% stake in Avendus. Founders and employees, along with private individuals such as former Alliance Tires Group CEO Yogesh Mahansaria own the rest. The second person said 70% stake in Avendus may be valued at $500 million - $700 million. Queries emailed to KKR, Gaja Capital, TVS, Nomura, Mizuho and Carlyle remained unanswered. Avendus and Rothschild declined to comment. "The deal size would depend on the stake that is eventually sold to the incoming investor and is likely to be finalized in January," the second person added. Avendus CEO Deepak will retain control of the business after the sale, the people cited above said. All three-co-founders are likely to have a say in the choice of buyer. Final bids for Avendus Capital were due this week. However, according to a third person, the process may enter a definitive negotiation stage only in January given that this is holiday season.
2024-12-09
New Era Helium Corp. enter into a letter of intent to acquire Roth Ch Acquisition V Co. (NasdaqGM:ROCL) from a group of sellers in a reverse merger transaction on December 1, 2023. New Era Helium Corp. entered into a Business Combination Agreement and Plan of Reorganization to acquire Roth Ch Acquisition V Co. (NasdaqGM:ROCL) from a group of sellers in a reverse merger transaction for approximately $110 million on January 3, 2024. In connection with the transaction, ROCL will issue 9 million new shares to current stockholders of NEH, which amount may be subject to adjustment based upon any net debt of NEH. The Merger Agreement also provides, among other things, that the holders of shares of NEH Common Stock have the contingent right to receive up to an aggregate of 1.0 million additional shares of ROCL's common stock as Earnout. Upon the closing of the transaction, subject to approval by ROCL’s stockholders and other customary closing conditions, the combined company will be named “New Era Helium Corp.” and is expected to list on NASDAQ. Current NEH Chairman, Joel Solis, and CEO, E. Will Gray II, will continue to lead the combined company, and existing NEH shareholders will roll 100% of their equity into the combined company. Existing NEH stockholders will not receive any cash proceeds as part of this transaction and will roll 100% of their equity into the combined company. Roth CH V and NEH intend to raise a PIPE that will close in connection with the closing of the business combination. Upon closing of the transaction, NEH’s senior management will continue to serve in their current roles. Assuming no ROCL stockholders exercise their redemption rights, current NEH stockholders will retain approximately 65% of the ownership at close of the transaction. On June 5, 2024, each of ROCL and New Era Helium entered into the first amendment to the business combination agreement where the closing condition that the Company raise at least $45 million in a private placement of securities in order to fund its new plant construction has been removed, and the closing condition that certain indebtedness of the Company be converted into shares of common stock of the Company has been removed. As of October 25, 2024, Roth Ch Acquisition proposed extension amendment to allow the Company, in its sole discretion and without further stockholder approval, to amend the Charter to allow the Company additional time to complete its initial business combination. The Company’s Charter provides that the Company has only until December 4, 2024, to complete a business combination. As per filing on December 5, 2024 The business combination date of consummation is extended to June 3, 2024. The transaction will require the approval of the stockholders of ROCL and is subject to other customary closing conditions. The transaction will also require the approval of the stockholders of NEH by written consent or at a meeting of the stockholders of NEH and regulatory approval. Transaction is also subject to conditions including the required filings under the HSR Act having been completed and the waiting period applicable to the Merger under the HSR Act having expired or terminated, the Form S-4 having become effective and no stop order suspending the effectiveness of the Form S-4 having been issued by the SEC, ROCL having equal to or in excess of $5,000,000 in cash and cash equivalents, All parties to the Registration Rights Agreement (other than Roth and the Roth stockholders party thereto) shall have delivered, or caused to be delivered, to Roth copies of the Registration Rights Agreement duly executed by all such parties, the Lock-Up Agreements shall have been executed and delivered to Roth, NEH shall have raised at least $45,000,000 in a private placement of securities in order to fund its new plant construction. The boards of directors of NEH and ROCL have unanimously approved the transaction. As of November 29, 2024, Roth Ch Acquisition's shareholders approves the merger. Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC are acting as placement agents for a PIPE transaction that is anticipated to close in connection with the closing of the business combination. Ross D. Carmel of Sichenzia Ross Ference Carmel LLP is acting as legal advisor to NEH and Mitchell S. Nussbaum of Loeb & Loeb LLP is acting as legal advisor to ROCL. Advantage Proxy acted as information agent to ROCL and will receive a fee of $8,500 for its service. Continental Stock Transfer & Trust Company acted as transfer agent to ROCL. Grant Thornton LLP and Weaver and Tidwell, L.L.P acted as an Accountant to ROCL. Burke Law Group and Loeb & Loeb acted as environmental due diligence advisors to ROCL. New Era Helium Corp. completed the acquisition of Roth Ch Acquisition V Co. (NasdaqGM:ROCL) from a group of sellers in a reverse merger transaction on December 7, 2024.
2024-12-06
Mizuho Financial Group, Inc. announced that they will report Q3, 2025 results on Feb 03, 2025
2024-11-18
Mizuho Financial Group, Inc. revised consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company expects revised profit attributable to owners of parent of JPY 820,000 million compared to previously expected guidance of JPY 750,000 million. Net income per share of common stock of JPY 323.48.
2024-11-15
Mizuho Financial Group, Inc., Board Meeting, Nov 14, 2024. Agenda: To approve the Repurchase and Cancellation of Common Stock.
2024-11-14
Mizuho Financial Group, Inc. (TSE:8411) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, representing 1.97% of its issued share capital, for ¥100,000 million. The purpose of the buyback is to maintain a capital policy that balances capital adequacy, growth investment, and enhancement of shareholder returns. The program will expire on February 28, 2025. As of September 30, 2024, the company had 2,534,958,851 shares issued excluding treasury shares and 4,291,043 treasury shares.
2024-11-14
The Board of Directors of Mizuho Financial Group, Inc. has authorized a buyback plan on November 14, 2024.
2024-11-14
Mizuho Financial Group, Inc. expected to report Q3 2025 results on January 31, 2025. This event was calculated by S&P Global (Created on November 14, 2024).
2024-11-14
Mizuho Financial Group, Inc. announced interim dividend for the fiscal year ending March 31, 2025 and Provided dividend guidance for the full year ending March 31, 2025. Company announced interim dividend of JPY 65.00 per share against JPY 50.0 per share for the previous period. Record date is September 30, 2025 . Effective date: December 6, 2024. Total amount of dividends ¥164,993 million. For the full year ending March 31, 2025, company revised dividend guidance of JPY 65.00 per share against previous guidance of JPY 57.5 per share .
2024-11-11
Kustom Entertainment, Inc. entered into a letter of intent to acquire Clover Leaf Capital Corp. (NasdaqCM:CLOE) in a reverse merger transaction on May 4, 2023. Kustom Entertainment, Inc. entered into a merger agreement to acquire Clover Leaf Capital Corp. (NasdaqCM:CLOE) for approximately $130 million in a reverse merger transaction on June 1, 2023. The transaction contemplates an equity value of $125 million for Kustom Entertainment, Inc. The merger consideration to be paid to the Kustom stockholder will be paid solely by the delivery of new shares of Clover Leaf Class A Common Stock. Upon the consummation of the Business Combination, Clover Leaf expects to issue an estimated 11,220,826 shares of Class A Common Stock to Digital Ally in connection with the business combination. The combined company is expected to have an implied initial pro forma equity value of approximately $222.2 million. Additionally, Digital Ally will distribute to its shareholders 15% of the shares obtained in Kustom Entertainment immediately following the closing of the merger and intends to distribute the balance of such shares following a six-month lock-up period. In case of termination of the transaction under certain circumstances, Kustom will be required to pay Clover Leaf a fee of $1,750,000. As of October 4, 2023, Following the closing of the business combination, CLOE will change its name to Kustom Entertainment and will operate under the same management team as Kustom Entertainment, Inc., which is currently led by Stanton E. Ross, the current CEO of Digital Ally. The transaction contemplates an equity value of $125 million for Kustom Entertainment, Inc. The combined company is expected to have an implied initial pro forma equity value of approximately $222.2 million, with the proposed business combination expected to provide approximately $18.1 million in gross proceeds from the cash held in trust by CLOE (assuming no redemptions). Additionally, Digital Ally will distribute to its shareholders 15% of its shares in the combined company immediately following closing and intends to distribute the balance of such shares following a six-month lock-up period. As of October 17, 2023, the Board of Directors of Digital Ally, appointed D. Duke Daughtery as a member of the Board, with the intention to move to Kustom Entertainment, Inc.’s Board of Directors upon the completion of the transaction. The transaction is subject to approval by the stockholders of CLOE and Kustom; expiration of any applicable waiting period under any antitrust laws; receipt of requisite consents from governmental authorities to consummate the Transactions, and receipt of specified requisite consents from other third parties to consummate the Transactions; Clover Leaf having net tangible assets of at least $5,000,001; the members of the Post -Closing Board shall have been elected or appointed as of the closing; the registration statement shall have been declared effective by the SEC; the Lock-Up Agreement and a Non-Competition Agreement entered into by Kustom Stockholder in favor of Clover Leaf and Kustom; as well as certain new employment agreements with the Company executives, shall be in full force and effect; the Clover Leaf common stock shall not have been suspended from trading as a result of a delisting from Nasdaq and shall have been approved for listing on Nasdaq and other customary closing conditions. The transaction has been unanimously approved by the Boards of Directors of CLOE and is also approved by Digital Ally board. Digital Ally, as the sole holder of Kustom Entertainment common stock, has approved the transaction. The proposed business combination expected to provide approximately $18.1 million in gross proceeds from the cash held in trust by CLOE, assuming no redemptions. The transaction is expected to close on or before January 22, 2024. As of January 17, 2024, Clover Leaf stockholders approved an amendment (the “ Extension Amendment ”) to the Company’s amended and restated certificate of incorporation to extend the date by which the Company must consummate its initial business combination from January 22, 2024 to July 22, 2024, or such earlier date as determined by the Company’s board of directors. As a result, approximately $2,369,636 (approximately $11.71 per share) will be removed from the Company’s Trust Account to pay such holders. Following the approval and implementation of the Extension Amendment, on January 22, 2024, the Company issued a promissory note in the aggregate principal amount of up to $360,000 to Yntegra Capital Investments, LLC, pursuant to which the Sponsor agreed to loan to the Company up to $360,000 to deposit into the Company’s Trust Account for each share of the Company’s Class A common stock, par value $0.0001, held by the Company’s public stockholders that was not redeemed in connection with the Extension Amendment. On January 22, 2024, the Company deposited $60,000 into the Trust Account, and the Company will continue to deposit $60,000 into the Trust Account for each additional calendar month (promptly following the 22nd of each calendar month), or portion thereof, that is needed by the Company to complete an Initial Business Combination until July 22, 2024, and such amount will be distributed either to: (i) all of the holders of Public Shares upon the Company’s liquidation or (ii) holders of Public Shares who elect to have their shares redeemed in connection with the consummation of the Initial Business Combination. On August 5, 2024, Clover Leaf announced that the Registration Statement on Form S-4 has been declared effective by the U.S. Securities and Exchange Commission as of July 30, 2024. An annual meeting of stockholders to approve its proposed initial business combination, which was scheduled for August 20, 2024, has been postponed to 10:00 a.m., Eastern Time, on Friday, August 23, 2024. The stockholder meeting of Clover Leaf has been further postponed to August 27, 2024. The stockholder meeting of Clover Leaf has been further postponed to September 5, 2024, 4:30 p.m., Eastern Time. The stockholder meeting of Clover Leaf has been further postponed to September 17, 2024, 10:00 a.m, Eastern Time. On June 24, 2024, the parties to the merger agreement entered into the First Amendment to merger agreement, pursuant to which the Outside Date was extended from July 22, 2024, to August 30, 2024. Clover Leaf Capital Corp. announces postponement of special meeting of stockholders date to September 20, 2024. As of September 27, 2024, Clover Leaf made an announcement related to special meeting of its stockholders, will be held on Eastern Time on Friday, October 11, 2024. At the meeting, stockholders of Clover Leaf will be asked to vote on proposals to approve, among other things, its proposed initial business combination with Kustom Entertainment, Inc. Clover Leaf plans to continue to solicit proxies from stockholders during the period prior to the Meeting. As of October 23, 2024, the transaction is expected to close from October 22, 2024 to October 22, 2025. Maxim Group LLC served as sole financial and capital markets advisor to Kustom Entertainment in connection with the merger agreement. David E. Danovitch and Joe Segilia of Sullivan & Worcester LLP is serving as legal counsel to Kustom Entertainment and Barry I. Grossman, Jessica Yuan and Jonathan P. Cramer of Ellenoff Grossman & Schole LLP are serving as legal counsel to Clover Leaf. Ellenoff Grossman also provided due diligence to CLOE. Continental Stock Transfer & Trust Company is the transfer agent of Clover Leaf. Clover Leaf engaged Morrow Sodali, LLC to assist in the solicitation of proxies for a fee of $12,500. Aaron M. Schleicher, David E. Danovitch, and Joseph Segilia of Sullivan & Worchester LLP acted as legal advisor and due diligence provider to Digital Ally the parent of Kustom. Newbridge Securities Corporation acted as financial advisor as well as fairnes Kustom Entertainment, Inc. cancelled the acquisition of Clover Leaf Capital Corp. (NasdaqCM:CLOE) in a reverse merger transaction on November 7, 2024.
2024-11-05
Mizuho Financial Group, Inc., H1 2025 Earnings Call, Nov 15, 2024
2024-10-30
Mizuho Financial Group, Inc., Q2 2025 Earnings Call, Nov 14, 2024
2024-10-04
Mizuho Financial Group, Inc. has filed a Shelf Registration. Security Name: Senior Debt Securities Security Name: Subordinated Debt Securities Security Name: Perpetual Subordinated Debt Securities
2024-09-26
OpSec Security Group Limited entered into a business combination agreement to acquire Investcorp Europe Acquisition Corp I (NasdaqGM:IVCB) from Investcorp Holdings B.S.C. and others in a reverse merger transaction for approximately $270 million on April 25, 2023. As of December 19, 2023, Investcorp Europe Acquisition Corp I issued Amendment No. 1 to Form F-4 Registration Statement in which If IVC Europe does not consummate the Business Combination and fails to complete an initial business combination by June 17, 2024, IVC Europe will be required to dissolve and liquidate its Trust Account by returning the then remaining funds in such account to holders of IVC Europe Class A Ordinary Shares. At completion, the directors of Pubco will be Selva Selvaratnam, Bev Dew, Michael Mauer, Pam Jackson, Gilbert Kamieniecky, Roberta Vezzoli and Federico Minoli. Selva Selvaratnam is expected to serve as Chief Executive Officer and Bev Dew is expected to serve as Chief Financial Officer of Pubco. Investcorp Europe Acquisition announced an amendment to its previously announced business combination agreement on March 10, 2024, in connection with entry into an agreement for the sale of the OpSec Security business to Crane NXT, Co. for $270 million in cash. The transactions contemplated by the BCA have been restructured to effectuate the divestiture of the OpSec business and the separation of the Zacco line of business. The net proceeds from the OpSec divestiture will be held in escrow and will be released from escrow upon the closing of the transactions contemplated by the BCA or upon a termination of the business combination agreement. As on April 24, 2024, Investcorp Europe Acquisition invited its shareholders for general meeting to vote on The Extension Amendment Proposal and The Adjournment Proposal. The transaction is subject to shareholders approval of Investcorp Europe Acquisition Corp I and is approved by the board of directors of OpSec Security Group Limited and Investcorp Europe Acquisition Corp I. Pubco Ordinary Shares and the Pubco Warrants having been approved for listing on Nasdaq, and effectiveness of the registration statement of which this proxy statement/prospectus forms a part. The transaction is expected to close in the second half of 2023. As of May 3, 2024, the Company entered into that certain Third Amendment to the Business Combination Agreement. Upon a termination of the Business Combination Agreement, the termination Amount payable to the Company shall be $30 million. And the termination amount to be paid by OpSec Security Group Limited to the Company shall be reduced by the amount of the Specified Company Transaction Expenses plus notional interest accruing daily from the date the Specified Company Transaction Expenses are advanced to the Company at a rate of 8% per annum. As of May 21, 2024, Investcorp Europe Acquisition Corp I held an extraordinary general meeting, at which shareholders approved an amendment to the Company’s Amended and Restated Memorandum and Articles of Association to extend the date by which the Company must complete its initial business combination from June 17, 2024 to December 17, 2024. Gregg A. Noel, Victor Hollender and Ken D. Kumayama of Skadden, Arps, Slate, Meagher & Flom LLP acted as a legal advisor to Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC acted as financial advisors and Bill Nelson, Emily Leitch, and Alain Dermarkar of Shearman & Sterling LLP acted as legal advisor to Investcorp Europe Acquisition Corp I. Proskauer Rose LLP acted as legal advisor to OpSec Security Group Limited. Kroll, LLC acted as fairness opinion provider to Investcorp Europe Acquisition Corp I. Mark Baillie, Craig DeDomenico and Alysa Craig of Stifel Financial Corp. (NYSE:SF) acted as capital market advisor to Investcorp Europe Acquisition Corp I. OpSec Security Group Limited cancelled the acquisition of Investcorp Europe Acquisition Corp I (NasdaqGM:IVCB) from Investcorp Holdings B.S.C. and others in a reverse merger transaction on September 24, 2024. As part of the termination, Investcorp Europe Acquisition Corp I will receive a termination amount of $30 million, out of which at least $20 million of such termination amount would be used to pay expenses incurred by Investcorp Europe. The Company is currently considering whether to seek an alternative business combination or dissolve.
2024-09-25
Nomura Holdings, Inc. (TSE:8604) and Mizuho Financial Group, Inc. (TSE:8411) are the leading bidders for a majority stake owned by KKR & Co. Inc. (NYSE:KKR) in one of India’s biggest investment banks, according to people familiar with the matter. The two Japanese firms have made the highest preliminary bids for KKR’s 63% stake in Avendus Capital Private Limited, said the people, who asked not to be identified as the discussions are private. The US private equity firm is seeking at least $400 million for its stake, and as many as seven firms, including The Carlyle Group Inc. (NasdaqGS:CG), have expressed interest, the people said. A spokesman at Avendus said the firm has received multiple bids and all are in evaluation stage, adding that it has also appointed Rothschild & Co. as the sell-side advisor. Nomura, which earlier stepped down as an adviser on the deal, Mizuho, and Carlyle declined to comment. KKR didn’t respond to a request for comment. KKR and Avendus management are working together on the sale, the people said. Avendus’s executives, led by Chief Executive Officer and Co-founder Gaurav Deepak, prefer a global asset manager or a group of family offices to become their new backers to give them more freedom in managing and expanding the business, the people said. ‘The Avendus management does not have any strong preference for any particular type of investor,’ the spokesman said in a statement. ‘We are still speaking to everyone at this point as it is still early in the process.’ KKR bought the stake in Avendus in 2015 for around $115 million and agreed to invest more money in 2017, according to the company’s website. The management team has a say in the transaction since they drive the mainstay businesses, including investment banking, the people said.
2024-09-20
On September 18, 2024, Smartround Inc. The company has amended the terms of the transaction. The company has received funds in its second and final tranche. The company has received funding in the transaction. The transaction included participation from new investor GREE Ventures, Inc. The company has issued common shares in the transaction.
2024-09-18
Outside Director Session
2024-09-17
On September 17, 2024, Sakana AI K.K. closed the transaction. The company has raised ¥10,000 million in second and final tranche bringing aggregate gross proceeds of ¥30,000 million. The transaction was led by returning investor Global Brain Corporation and included participation from new investors, Mitsubishi UFJ Financial Group, Inc., TransLink Capital, Sumitomo Mitsui Financial Group, Inc., Mizuho Financial Group, Inc., NEC Corporation, SBI Group, Dai-ichi Life Holdings, Inc., ITOCHU Corporation, KDDI Corporation, Fujitsu Limited, Nomura Holdings, Inc., JAFCO Group Co., Ltd., Miyako Capital Co., Ltd., 500 Global and other investors. The transaction is being raised at a post-money valuation exceed of $1,500 million (¥210,945 million).
2024-09-11
The Carlyle Group Inc. (NasdaqGS:CG), family office Premji Invest and Japanese financial conglomerate Mizuho Financial Group, Inc. (TSE:8411) are competing to acquire a controlling interest in investment bank Avendus Capital Private Limited, which is owned by KKR & Co. Inc. (NYSE:KKR), said people aware of the development. The three have been shortlisted after the first round of screening, which also saw interest from large PE firms such as TPG Capital and TA Associates, they said. Due diligence is ongoing, and the contenders are expected to submit their final offers later this month. Private equity giant KKR, which owns 63%, is seeking a valuation of INR 55,000 million-INR 60,000 million ($655 million-$715 million) for Avendus — a hefty premium for its nineyear-old investment, the people added. Other shareholders include Gaja Capital, along with Avendus founders and employees. Up to two-thirds of the company could be up for grabs, based on the final valuation numbers, said the people cited. Carlyle, Premji Invest and KKR spokespersons declined to comment while Mizuho didn’t respond to queries.
2024-09-10
Mizuho Financial Group, Inc. announced that they will report Q2, 2025 results on Nov 14, 2024
2024-09-04
Smartround Inc. announced that it has received funding from new investors Japan Finance Corporation, Nomura Holdings, Inc. and Mizuho Financial Group, Inc. on September 4, 2024.
2024-09-02
Seamless Group Inc. executed the letter of intent to acquire InFinT Acquisition Corporation (NYSE:IFIN) from a group of shareholders in a reverse merger transaction on March 15, 2022. Seamless Group Inc. signed a definitive business combination agreement to acquire InFinT Acquisition Corporation (NYSE:IFIN) from a group of shareholders s in a reverse merger transaction for approximately $400 million on August 3, 2022. In connection with the transaction, the holders of Seamless ordinary shares are expected to receive $400 million in aggregate consideration in the form of 40 million New Seamless ordinary shares. Assuming no redemptions by INFINT existing public shareholders, the Company will have up to $189 million of cash on its balance sheet following the transaction, which is expected to provide financial flexibility and facilitate organic and inorganic growth opportunities. Upon the closing, INFINT’s public shareholders will retain an ownership interest of approximately 13.91% of the outstanding capital stock of New Seamless, the Sponsor will retain an ownership interest of approximately 10.77% of the outstanding capital stock of New Seamless and the Seamless securityholders will own approximately 75.13% of the outstanding capital stock of New Seamless. Under the terms of the proposed transaction, Seamless will combine with INFINT becoming a publicly traded entity and shall continue to be named Seamless Group Inc. after the deal. Prior to the Closing, Seamless will spin-out, carve-out, divest or transfer all of the equity interests that it owns in TNG Asia, FNTI and GEA such that, upon consummation of the Divestitures, TNG Asia, FNTI and GEA will no longer be affiliates of Seamless. Upon closing of the transaction, the Company will continue to be led by Seamless’ Chief Executive Officer, Ronnie Hui, and Founder, Alex Kong. The Company’s board is expected to be comprised of five directors, including Eric Weinstein, INFINT’s Chairman, Sasha Edgarov, INFINT’s Chief Executive Officer, Alex Kong, Seamless’ Founder and Chairman, and two additional appointees of Seamless. At least three of the directors will be independent, consistent with the applicable NYSE listing rules. Prior to the Closing, Seamless will be required to relocate its headquarters from Hong Kong to a jurisdiction that is mutually agreed to by INFINT and Seamless. As per filing on August 9, 2024 Upon the consummation of the Business Combination, the Company will change its corporate name to “CURRENC Group Inc.” (“Currenc”), and Currenc’s ordinary shares are expected to be traded on the Nasdaq Stock Market LLC (“Nasdaq”), subject to the closing of the Business Combination. The transaction will require approval of the shareholders of INFINT and Seamless, receipt of all pre-closing approvals or clearances reasonably required under any applicable antitrust laws, INFINT having at least $5,000,001 of net tangible assets, approval for the listing on the New York Stock Exchange, the receipt of certain required third party consents, the resignation of certain officers and directors of INFINT, execution of Registration Rights Agreement, Lock-Up Agreement, completion of spin-out, carve-out, divestiture or transfer all of the equity interests that Seamless owns in (a) TNG Asia, (b) FNTI and (c) GEA and the satisfaction of customary closing conditions. The Boards of Directors of Seamless and INFINT have each unanimously approved the transaction. The shareholders meeting of INFINT is scheduled on November 22, 2022. InFinT shareholders approved the transaction on August 9, 2024. The transaction is expected to close by the end of the first quarter of 2023. INFINT Acquisition Corporation affirmed its intention to support the proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association to extend the date by which the Company must consummate a business combination from November 23, 2022, to March 23, 2023. On August 18, 2023, INFINT shareholders approved an amendment to INFINT’s memorandum and articles of association, to extend the date by which it has to consummate a Business Combination from August 23, 2023 to February 23, 2024. On February 16, 2024, INFINT shareholders approved an amendment to extend the date by which it has to consummate a business combination from February 23, 2024 to November 23, 2024. ARC Group Limited is acting as sole financial and M&A advisor to INFINT and also provided due diligence services. Andrew M. Tucker, Larry W. Shackelford, Wells Hall and Colleen Pleasant Kline of Nelson Mullins Riley & Scarborough LLP acted as legal counsel to Seamless. M.B. KEMP LLP acted as Seamless’ Hong Kong counsel and Maples and Calder (Hong Kong) LLP also acted as counsel to Seamless. Alan I. Annex of Greenberg Traurig, P.A. is acting as legal counsel and due diligence provider to INFINT. CohnReznick LLP provided financial and tax due diligence to INFINT. ABNR Counsellors at Law and Jeff Leong, Poon & Wong provided legal due diligence services to INFINT. Mourant Ozannes (Cayman) LLP acted as the counsel to INFINT. Continental Stock Transfer & Trust Company acted as transfer agent to INFINT. Morrow Sodali LLC acted as information agent to INFINT for a fee of $10,000. As consideration for the services, ARC will receive compensation in the amount of $850,000, contingent and payable upon closing of the business combination. Seamless Group Inc. completed the acquisition of InFinT Acquisition Corporation (NYSE:IFIN) from a group of shareholders in a reverse merger transaction on August 30, 2024.
2024-09-02
Mizuho Financial Group, Inc. has completed a Fixed-Income Offering in the amount of €500 million. Security Name: Fixed to Floating Rate Senior Unsecured Notes due August 27, 2030 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: €500 million Price\Range: 100% Security Features: Callable; Euro MTN; EuroBonds; MTN; Senior; Unsecured; Variable Rate Coupon Type: Variable
2024-09-02
Mizuho Financial Group, Inc. has completed a Fixed-Income Offering in the amount of €600 million. Security Name: 3.767% Senior Unsecured Notes due August 27, 2034 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: €600 million Price\Range: 100% Security Features: EuroBonds; Senior; Unsecured Coupon Type: Fixed
2024-06-18
Sakana AI K.K. announced that it will receive approximately ¥20,000 million in first tranche co-led by new investor, New Enterprise Associates, Inc., returning investors, Lux Capital Management, LLC, and Khosla Ventures, LLC on September 4, 2024. The company will issue equity as part of funding. The tranche included participation from new investor, NVIDIA Corporation. As a part of the transaction, NVIDIA Corporation becoming major shareholder of the company. The tranche is being raised at a post-money valuation exceed of $1,000 million (¥144,315 million).
2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 | 2024Q2 | 2024Q1 | 2023Q4 | 2023Q3 | |
---|---|---|---|---|---|---|---|---|
Total Revenues | 3,891,114 | 3,898,840 | 3,834,387 | 3,583,727 | 3,300,875 | 3,122,105 | 3,135,189 | 3,099,053 |
Pretax Income Excl.Unusual Items | 1,200,564 | 1,191,815 | 1,180,424 | 1,112,359 | 1,000,596 | 939,373 | 1,094,922 | 1,005,034 |
Total Assets | 278,650,465 | 283,320,403 | 285,391,450 | 277,354,895 | 292,302,388 | 278,672,158 | 271,148,701 | 272,191,824 |
Total Liabilities | 268,030,739 | 272,796,660 | 274,808,349 | 266,593,569 | 281,900,078 | 268,360,026 | 261,207,076 | 262,538,416 |
Cash & Cash Equivalents | 64,770,800 | 72,483,084 | 64,766,425 | 69,876,694 | 72,167,128 | 71,165,813 | 66,675,039 | 61,662,313 |
Total Common Equity | 10,541,056 | 10,442,215 | 10,502,147 | 10,681,650 | 10,322,758 | 10,232,540 | 9,862,577 | 9,576,774 |
Book Value Per Share (BVPS) | 4,217.53 | 4,161.03 | 4,168.68 | 4,213.74 | 4,072.23 | 4,037.29 | 3,890.85 | 3,778.08 |
Net Change in Cash | -442,454 | 9,566,122 | 5,340,133 | |||||
Capital Expenditure | -94,936 | -68,829 | -63,123 |
As of July 31, 2025, Mizuho Financial published financial results for the second quarter of 2025, having revenues of 957.55B yen and net income of 290.52B yen, indicating a growth of 0.8% in revenue, accompanied by a positive change of approximately 1.5% in EPS relative to the same quarter last year. A positive note is that for the 5th consecutive quarter, the company's revenue line has increased compared to last year's corresponding quarter, which demonstrates the company's stability and its ability to grow in the future.
Return on equity was 11.04% in the quarter, compared to 1.15% based on the last published earnings. It is important to note that the stock's dividend yield stands at approximately 3.4%, and it trades at 13.7x times current year's earnings, which is higher than the sector average (P/E 12x).