Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara) , a core subsidiary of Mizuho Financial Group, Inc. (Presid

ent & Group CEO: Yasuhiro Sato), and WiL LLC. (CEO: Gen Isayama, referred to along with its subsidiaries

as “WiL Group” below) are pleased to announce the establishment of Blue Lab, Co., Ltd. (President, CEO, & Representative Director: Daisuke Yamada) for the purpose of creating new business.

Blue Lab aims to drive business generation through innovative technological advances, including

those being made by shareholders who have contributed to the establishment of the company (listed

below) in their own fields. More specifically, Blue Lab is focused on the creation and commercialization of next

-generation business models through FinTech initiatives such as the creation of a global settlement platform,

development of software to automate operational tasks using AI and big data, and optimization of

supply chain management and trade finance through commercialization of blockchain technology, as

well as through IoT-related advancements within the shareholders’ respective industries and in general.

Mizuho is committed to pursuing the incorporation of new, innovative technologies into our

business in order to provide customers with consistently better services.