Mizuho Bank acquires all shares in pension subsidiary

DPCS operates a call center and online services offering defined contribution pension plans.

Mizuho Bank has acquired all issued shares of the Defined Contribution Plan Services Co., Ltd. (DPCS) on 16 February.

DPCS is a wholly owned subsidiary of Mizuho Bank. The bank first formed DCPS with the aim of improving services in the defined contribution pension sector, which is expected to expand further in the future. 

Today, DPCS operates call center and online services dedicated to defined contribution pension plans, Mizuho Bank said in a press release.

Mizuho expects the acquisition to enhance its asset management business, one of its key focus areas

Mizuho Bank added that it aims “to further grow the defined contribution pension business as a part of the Mizuho group by taking advantage of DCPS’s extensive expertise in defined contribution pension operations and Mizuho Bank’s business foundation.”