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Mizuho Financial Group announced that after counting, they will have to pay huge loss of 680 billion yen

as a cost necesssary for restructuring such as closing their stores.

“The next financial generation will bring more breakthroughs

than the limitations of the current financial model.” Mizuho Financial Group’s manager- Tatsufumi Sakai said.

At present, Mizuho Financial Group is promoting restructuring activities,

such as cutting down 19,000 employees, and closing 100 stores in Japan.

In addition, dozens of stores will be closed

And they will count again by adding related losses.

In addition, they are consolidating the next system, which is expected to generate several billion yen of depreciation expense from next fiscal year

And changing to the structure that even when low interest rates continue, it is still easy to make profits.

As a result, the net income of this fiscal year, ended on March 31, 2008 was revised under profit of 80 billion yen,

which is 90% less than expected.

大きく

おおきく

in a big way, on a grand scale

取る

とる

to apportion, to share

まん

10,000, ten thousand, myriad, everything, all

ひと

person

じゅう

ten

来年

らいねん

next year

ひゃく

so many men, so many ways, to each one's own, it takes all sorts to make a world

なか

inside, in, among, within, center (centre), middle

今年

ことし

this year

近く

ちかく

near, neighbourhood, neighborhood, vicinity, nearly (i.e. 'it took nearly one year'), close to, shortly, soon

少ない

すくない

few, a little, scarce, insufficient, seldom

必要

ひつよう

essential, indispensable, imperative, necessary, compelling, vital, critical

おく

100,000,000, one hundred million

システム

system resource

続く

つづく

to continue, to last, to go on, to continue (without a break), to be unbroken, to occur again and again

費用

ひよう

all expenses

として

として

As

まる

one yen, throughout (an area), whole district

発表

はっぴょう

bombshell announcement (statement)

かた

model, type (e.g. of machine, goods, etc.), type, style, pattern, mold (mould), template, model

金融

きんゆう

financing, credit transacting, loaning of money, circulation of money

限界

げんかい

limit, bound

現在

げんざい

now, current, present, present time, as of

かず

several, a number of, number, numeral, figure, destiny, fate

関連

かんれん

related word

たび

degree (angle, temperature, scale, etc.), counter for occurrences and times, strength (of alcohol)

出し

だし

dashi (Japanese soup stock made from fish and kelp), pretext, excuse, pretense (pretence), dupe, front man

変え

かえ

changing, change

結果

けっか

result, consequence, outcome, effect, coming to fruition, bearing fruit

つき

moon, month

じゅん

Pure

利益

りえき

profit, gains, benefit, advantage, interest (of the public, etc.), grace (of God, Buddha, etc.) (esp. as attained through rightful actions, prayer, ad...

予想

よそう

expectation, anticipation, prediction, forecast, conjecture

修正

しゅうせい

amendment, correction, revision, modification, alteration, retouching, update, fix

店舗

てんぽ

store for rent

構造

こうぞう

structure, construction

上る

あがる

to run up

モデル

モデル

colour model

追加

ついか

add-on, addition

以降

いこう

on and after, as from, hereafter, thereafter, since

発生

はっせい

spontaneous generation, abiogenesis, natural occurrence, spontaneous occurrence

改革

かいかく

educational reform

損失

そんしつ

accumulated loss

従来

じゅうらい

existing technology, conventional technology, prior art

削減

さくげん

cut, reduction, curtailment

一括

いっかつ

all together, batch, one lump, one bundle, summing up

fishing season

かつ

cosecant

黒字

くろじ

balance (figure) in the black

Easy

みずほ6800億円巨額損失計上 店舗閉鎖など構造改革

Romaji:

Translation: PiPop

Easy

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