Mizuho Financial Group Inc was established on January 8, 2003. The Company is engaged in banking, trust banking, securities and other businesses related to financial services in Japan, United States and Europe. It provides financial products and services in relation to deposits, lending and exchange settlement to individuals, SMEs, large corporations, financial institutions, public sector entities and foreign corporations, including foreign subsidiaries of Japanese corporations. The Company's segments include Personal Banking, Retail Banking, Corporate Banking (Large Corporations), Corporate Banking, Financial Institutions & Public Sector Business, International Banking and Trading and others. Retail banking segment provides financial products and services, such as comprehensive consulting services of business succession and asset inheritance and asset management for business owners and high-net-worth customers. This segment also provides overall banking services for SMEs. Corporate Banking (Large Corporations) segment provides a full range of financial solutions on a global basis to large Japanese corporations and their affiliates by integrating the Group's specialty functions including banking, trust, and securities, based on solid relationships with MHBK's domestic customers, and by utilizing its overall industry knowledge. Corporate Banking segment provides, to larger SMEs, financial products and services including a range of solution businesses in accordance with the growth strategy of MHBK's corporate customers. Financial Institutions & Public Sector Business segment provides advisory services and solutions such as advice on financial strategy and risk management to financial institutions and provides comprehensive financial products and services that include funding support via the subscription and underwriting of bonds etc., to public sector entities. International Banking segment provides unified support both in Japan and overseas for MHBK's Japanese corporate customers to expand their overseas operations, and also promotes business with non-Japanese corporate customers in various countries through its network. Trading and others segment provides derivatives and other risk hedging products to satisfy MHBK's customers' financial and business risk control requirements. The Company faces competition from government financial institutions, non-bank finance companies, other financial services providers and other banking institutions.