Strategic Capital, Inc. (hereinafter referred to as “Strategic Capital”) is under a discretionary investment contract with INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP (hereinafter referred to as the “Fund”) and the Fund and Strategic Capital (hereinafter referred to as “we”) are shareholders of MIZUHO FINANCIAL GROUP INC. (hereinafter referred to as the “Company”).
We submitted a shareholder proposal detailed below to the Company for the annual shareholder meeting to be held this coming June. However, in a disclosure issued on May 15 by Orient Corporation (“Orico”), it was announced that the shareholding ratio in Orico held by Mizuho Bank, Ltd., a wholly owned subsidiary of the Company, was decline as of June 1, 2026 (planned).
Accordingly, we hereby announce that we have determined that a material change has occurred in the premise underlying the shareholder proposal we had submitted to the Company, and have therefore decided to withdraw the shareholder proposal that had already been submitted.
Please see the below link for further details.
Withdrawal of Shareholder Proposal to MIZUHO FINANCIAL GROUP INC. (8411)
