Mizuho Bank, Ltd. agreed to acquire 40% stake in Defined Contribution Plan Services Co., Ltd. from Asahi Mutual Life Insurance Company, Meiji Yasuda Life Insurance Company, Dai-ichi Life Holdings, Inc. (TSE:8750) and Fukoku Mutual Life Insurance Company on February 7, 2024. As a result of the acquisition, Mizuho Bank will own 100% of the common stock of Defined Contribution Plan Services.

Mizuho Bank, Ltd. completed the acquisition of 49% stake in Defined Contribution Plan Services Co., Ltd. from Asahi Mutual Life Insurance Company, Meiji Yasuda Life Insurance Company, Dai-ichi Life Holdings, Inc. (TSE:8750) and Fukoku Mutual Life Insurance Company on February 16, 2024.