Exhibit 1.1

Articles of Incorporation

of

Mizuho Financial Group, Inc.

June 26, 2008



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[ Translation ]

ARTICLES OF INCORPORATION

OF

MIZUHO FINANCIAL GROUP, INC.

CHAPTER I

GENERAL PROVISIONS



|Article 1. | (Trade Name)
|---------- | ------------

The company shall be called
Kabushiki Kaisha Mizuho Financial Group and in English, Mizuho Financial Group, Inc. (hereinafter referred to as the Company).



|Article 2. | (Purpose)
|---------- | ---------

The purpose of the Company shall
be to engage in the following businesses as a bank holding company:

(1) Operation and management of bank holding companies,
banks, long-term credit banks, specialized securities companies and other companies which may be owned by the Company as its subsidiaries under the Banking Law; and

(2) Any other business incidental to the foregoing.



|Article 3. | (Head Office)
|---------- | -------------

The Company shall have its
head office in Chiyoda-ku, Tokyo.



|Article 4. | (Organizations)
|---------- | ---------------

The Company shall establish the
following organizations, in addition to the general meeting of shareholders and Directors.



| | (1) | Board of Directors;
| | --- | -------------------



| | (2) | Corporate Auditors;
| | --- | -------------------



| | (3) | Board of Corporate Auditors; and
| | --- | --------------------------------



| | (4) | Accounting Auditors.
| | --- | --------------------



|Article 5. | (Method of Public Notices)
|---------- | --------------------------

Public notices
by the Company shall be given by electronic public notices; provided, however, that in the case where an electronic public notice is impracticable due to an accident or any other unavoidable reason, the same public notice of the Company may be given
in the Nihon Keizai Shimbun.

CHAPTER II

SHARES



|Article 6. | (Total Number of Authorized Shares)
|---------- | -----------------------------------

The
total number of shares which the Company is authorized to issue shall be 28,790,759,000 shares, and each total number of the classes of shares which the Company is authorized to issue shall be as set forth below;



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provided, however, that in the case where a cancellation of shares is made, the number of shares which the Company is authorized to issue shall be reduced by
the number of shares so canceled:



|                            |  |                      
|--------------------------- |  | ---------------------
|                            | 
|Common stock:               |  | 24,392,259,000 shares
|                            | 
|Class XI preferred stock:   |  | 1,398,500,000 shares 
|                            | 
|Class XII preferred stock:  |  | 1,500,000,000 shares 
|                            | 
|Class XIII preferred stock: |  | 1,500,000,000 shares 



|Article 7. | (Issuance of Share Certificates)
|---------- | --------------------------------

The
Company shall issue share certificates representing its issued stock.



|Article 8. | (Acquisition of Own Shares)
|---------- | ---------------------------

The
Company may, by a resolution of the Board of Directors, acquire its own stock through market transactions or other methods pursuant to the provisions of Article 165, Paragraph 2 of the Company Law of Japan (the Law).



|Article 9. | (Number of Shares Constituting one (1) Unit of Shares)
|---------- | ------------------------------------------------------

The number of shares constituting one (1) unit of shares of the Company shall be one thousand (1,000) with respect to the common stock and each class of preferred stock, respectively.



|Article 10. | (Rights Pertaining to Shares Constituting Less Than One (1) Unit)
|----------- | -----------------------------------------------------------------

A shareholder of the Company may not exercise any rights, except for the rights set forth below (excluding the rights which may not be exercised as the rights pertaining to shares constituting one (1) unit of
shares), with respect to shares constituting less than one (1) unit held by such shareholder:

1. The rights provided for in each item
of Article 189, Paragraph 2 of the Law;

2. The right to make a request pursuant to Article 166, Paragraph 1 of the Law;

3. The right to receive an allotment of offered shares and offered stock acquisition rights in proportion to the number of shares held by such
shareholder; and

4. The right to make a request provided for in the following Article.



|Article 11. | (Additional Purchase of Shares Constituting Less Than One (1) Unit)
|----------- | -------------------------------------------------------------------

A shareholder of the Company may request the Company to sell to such shareholder a number of shares which will, when combined with the shares constituting less than one (1) unit already held by such shareholder,
constitute one (1) unit of shares pursuant to the Share Handling Regulations.



|Article 12. | (Record Date)
|----------- | -------------

1. The Company shall
deem shareholders having voting rights appearing in writing or electronically in the register of shareholders as of the end of March 31 of each year as the shareholders who are entitled to exercise their rights at the ordinary general meeting
of shareholders for the relevant business year.

2. In addition to the preceding paragraph, the Company may temporarily set the record date
whenever necessary, by a resolution of the Board of Directors and upon giving a prior public notice thereof.



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|Article 13. | (Shareholder Register Manager, etc.)
|----------- | ------------------------------------

1. The Company shall appoint a shareholder register manager.

2. The shareholder register manager and its handling office shall be
determined by a resolution of the Board of Directors, and a public notice shall be given with respect thereto.

3. The preparation and
keeping of, and other operations relating to the register of shareholders, the register of stock acquisition rights and the register of lost share certificates of the Company shall be entrusted to the shareholder register manager and shall not be
handled by the Company.



|Article 14. | (Share Handling Regulations)
|----------- | ----------------------------

An
entry, whether written or electronic, in the register of shareholder, a purchase and additional purchase of shares constituting less than one (1) unit, and other operations relating to shares and handling fees therefor and the method of request
or notice by shareholders with respect to general meetings of shareholders shall be governed by the Share Handling Regulations prescribed by the Board of Directors, in addition to laws and regulations and these Articles of Incorporation.

CHAPTER III

PREFERRED STOCK



|Article 15. | (Preferred Stock Dividends)
|----------- | ---------------------------

1. In respect
of dividends from its surplus provided for in Article 54, the Company shall distribute dividends from its surplus by cash on preferred stock (hereinafter referred to as the Preferred Stock Dividends) in such amount as provided for below
to shareholders of preferred stock (hereinafter referred to as the Shareholders of Preferred Stock) or registered stock pledgees in respect of preferred stock (hereinafter referred to as the Registered Preferred Stock
Pledgees) in priority to holders of common stock (hereinafter referred to as the Shareholders of Common Stock), registered stock pledgees in respect of common stock (hereinafter referred to as the Registered Common Stock
Pledgees); provided, however, that in the case where all or a part of the Preferred Stock Interim Dividends provided for in Article 16 have been paid in the relevant business year, the amount so paid shall be reduced accordingly:



|                            |  |                                                                                                                                                   
|--------------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------
|                            | 
|Class XI preferred stock:   |  | Amount decided by the resolution of the Board of Directors on the issuance of such stock, which amount shall not exceed 50 yen per share per year 
|                            | 
|Class XII preferred stock:  |  | Amount decided by the resolution of the Board of Directors on the issuance of such stock, which amount shall not exceed 50 yen per share per year 
|                            | 
|Class XIII preferred stock: |  | Amount decided by the resolution of the Board of Directors on the issuance of such stock, which amount shall not exceed 100 yen per share per year

2. In a given business year, if all or a part of the Preferred Stock Dividends have not been paid
to the Shareholders of Preferred Stock or Registered Preferred Stock Pledgees, the unpaid amount shall not be accumulated for the subsequent business years.

3. The Company shall not distribute dividends from its surplus to any Shareholder of Preferred Stock or Registered Preferred Stock Pledgee, any amount in excess of the amount of the relevant Preferred Stock Dividends.



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|Article 16. | (Preferred Stock Interim Dividends)
|----------- | -----------------------------------

In respect of interim dividends provided for in Article 55, the Company shall distribute dividends from its surplus by cash in one half of the amount of the Preferred Stock Dividends provided for in the main clause of Paragraph 1 of the
preceding article (referred to as the Preferred Stock Interim Dividends in these Articles of Incorporation) to the Shareholders of Preferred Stock or Registered Preferred Stock Pledgees in priority to the Shareholders of Common Stock or
Registered Common Stock Pledgees.



|Article 17. | (Distribution of Residual Assets)
|----------- | ---------------------------------

1.
In respect of distribution of residual assets, the Company shall pay to the Shareholders of Preferred Stock or Registered Preferred Stock Pledgees in priority to the Shareholders of Common Stock or Registered Common Stock Pledgees in such amount as
provided for below:

Classes XI through XIII preferred stock: 1,000 yen per share

2. No distribution of residual assets other than those provided for in the preceding paragraph shall be made to any Shareholder of Preferred Stock or
Registered Preferred Stock Pledgee.



|Article 18. | (Voting Rights)
|----------- | ---------------

The Shareholders of
Preferred Stock shall not have voting rights at a general meeting of shareholders; provided, however, that the Shareholders of Preferred Stock may have voting rights from the date of a general meeting of shareholders, in the case where a proposal on
the Preferred Stock Dividends is not submitted to such general meeting of shareholders, or immediately after the closing of a general meeting of shareholders, in the case where a proposal on the Preferred Stock Dividends is rejected at such general
meeting of shareholders, until, in either case, such time as the resolution of a general meeting of shareholders is passed to grant the Preferred Stock Dividends.



|Article 19. | (Consolidation or Split of Preferred Stock, Free Allotment of Stock and Rights to Receive Allotment of Offered Stock, etc.)
|----------- | ---------------------------------------------------------------------------------------------------------------------------

1. The Company shall not consolidate or split any preferred stock, and shall not make any free allotment of any stock for the Shareholders of Preferred
Stock.

2. The Company shall not grant the Shareholders of Preferred Stock any rights to receive allotment of offered stock, offered stock
acquisition rights, bonds with stock acquisition rights, or offered stock acquisition rights and bonds, either of which are capable of being transferred separately from the others and shall not make any free allotment of any stock acquisition rights
for the Shareholder of Preferred Stock.



|Article 20. | (Acquisition of Preferred Stock)
|----------- | --------------------------------

1. In
respect of Classes XII and XIII preferred stock, the Company may acquire each such class of preferred stock, in whole or in part, on the date separately determined by a resolution of a general meeting of shareholders, after such time and at such
acquisition price as respectively determined by a resolution of the Board of Directors relating to the issuance of the relevant preferred stock.

2. In the case of a partial acquisition pursuant to the preceding paragraph, such redemption shall be made by way of lot or pro rata allocation.



|Article 21. | (Request for Acquisition of Preferred Stock)
|----------- | --------------------------------------------

Any holder of Classes XI and XII preferred stock may request to the Company to acquire the relevant preferred stock held by such Shareholder of Preferred Stock during the period in which such Shareholder of



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Preferred Stock is entitled to request such acquisition as determined by a resolution of the Board of Directors relating to the issuance of the relevant
preferred stock (hereinafter referred to as the Period for Acquisition Request). The Company shall deliver its own common stock to such Shareholder of Preferred Stock, in exchange for the Companys acquisition of the relevant
preferred stock. The terms of acquisition, including the number of the common stock to be delivered per one (1) share of the relevant preferred stock upon such request for acquisition, shall be determined by a resolution of the relevant Board
of Directors.



|Article 22. | (Mandatory Acquisition of Preferred Stock)
|----------- | ------------------------------------------

1. The Company may acquire any of Classes XI and XII preferred stock, in respect of which a request
for acquisition has not been made during the Period for Acquisition Request, on the day immediately following the last day of such period (hereinafter referred to as the Mandatory Acquisition Date) and instead, the Company shall deliver
its own common stock to holders of the relevant preferred stock. In this case, the number of shares of the common stock to be delivered in exchange for the acquisition of one (1) share of the relevant preferred stock shall be obtained by
dividing the amount equivalent to the subscription money per one (1) share of the relevant preferred stock by the current market price of a share of the common stock of the Company (with respect to the Eleventh Series of Class XI Preferred
Stock, 1,000 yen; the same shall apply hereinafter); provided, however, that such current market price of a share of the common stock shall be the daily average price of closing prices (including the closing bid or offered price) of the common stock
of the Company (in regular trading) as reported by the Tokyo Stock Exchange for the 30 consecutive trading days (excluding any trading day or days on which no closing prices or closing bids or offered prices are reported) commencing on the
45thtrading day prior to the Mandatory Acquisition Date, and such calculation shall be made to units of 0.01 yen, and by rounding up to the nearest
0.1 yen when equal to or more than 0.05 yen and disregarding amounts less than 0.05 yen.

2. In respect of Classes XI and XII preferred
stock, the number of common stock referred to in the preceding paragraph shall not exceed the number of shares obtained by dividing the amount equivalent to the subscription money per one (1) share of each such class of preferred stock by the
minimum acquisition price determined by the resolution of the Board of Directors relating to the relevant issuance of the preferred stock.

3. In the calculation of the number of common stock provided for in the preceding two (2) paragraphs, any number less than one (1) share shall be treated pursuant to the provisions provided for in Article 234 of the Law.



|Article 23. | (Order of Priority)
|----------- | -------------------

All classes of
preferred stock authorized to be issued by the Company shall rank pari passu with each other in respect of the payment of the Preferred Stock Dividends and the Preferred Stock Interim Dividends, and the distribution of residual assets.

CHAPTER IV

GENERAL
MEETINGS OF SHAREHOLDERS



|Article 24. | (Convocation of General Meetings of Shareholders)
|----------- | -------------------------------------------------

An ordinary general meeting of shareholders of the Company shall be convened no later than 3 months from the last day of each business year and an extraordinary general meeting of shareholders shall be convened whenever necessary.



|Article 25. | (Place where General Meetings of Shareholders shall be Convened)
|----------- | ----------------------------------------------------------------

General meetings of shareholders shall be convened within the wards of Tokyo.



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|Article 26. | (Person Authorized to Convene General Meetings of Shareholders and the Chairman of the Meeting)
|----------- | -----------------------------------------------------------------------------------------------

1. The President shall convene and preside over the general meeting of shareholders.

2. In the case where the President is unable so to act, one of the other Director(s) in the order previously determined by the Board of Directors shall
take such persons place.



|Article 27. | (Disclosure of Reference Materials, etc. for General Meetings of Shareholders via Internet)
|----------- | -------------------------------------------------------------------------------------------

The Company may, at the time of convocation of a general meeting of shareholders, deem to have provided shareholders with information with respect to
matters which shall be stated or indicated in the reference materials for a general meeting of shareholders, business reports, non-consolidated financial documents and consolidated financial documents by disclosing those by way of using the Internet
as provided for in the ordinances of the Ministry of Justice.



|Article 28. | (Method of Adopting Resolutions)
|----------- | --------------------------------

1. Unless
otherwise provided for by laws or regulations or these Articles of Incorporation, resolutions of a general meeting of shareholders shall be adopted by an affirmative vote of a majority of the voting rights held by the shareholders present at the
meeting who are entitled to exercise their voting rights.

2. Resolutions of a meeting of shareholders governed by Article 309, Paragraph 2
of the Law shall be adopted by an affirmative vote of not less than two-thirds (2/3) of the voting rights held by the shareholders present at the relevant meeting who shall hold in aggregate not less than one-third (1/3) of the voting
rights of the shareholders entitled to exercise their voting rights.



|Article 29. | (Voting by Proxy)
|----------- | -----------------

1. Shareholders may
exercise their voting rights at the relevant general meeting of shareholders by a proxy who shall also be a shareholder of the Company holding voting rights at such meeting.

2. The shareholder or his/her proxy shall submit to the Company a document evidencing the authority of such proxy to act as such at each general meeting
of shareholders.



|Article 30. | (Minutes of General Meetings)
|----------- | -----------------------------

The
minutes of general meetings of shareholders shall be prepared in writing or by electromagnetic file as provided for in laws and regulations.



|Article 31. | (General Meetings of Holders of Classes of Stock)
|----------- | -------------------------------------------------

1. Unless otherwise provided for by laws or regulations or these Articles of Incorporation, resolutions of a general meeting of holders of classes of stock shall be adopted by an affirmative vote of a majority of the
voting rights held by the holders present at the meeting who are entitled to exercise their voting rights.

2. Resolutions provided for in
Article 324, Paragraph 2 of the Law shall be adopted by an affirmative vote of not less than two-thirds (2/3) of the voting rights held by the holders present at the relevant meeting who shall hold in aggregate not less than one-third
(1/3) of the voting rights of the holders entitled to exercise their voting rights.

3. The provisions of Articles 25 through 27 and
29 and the preceding Article shall apply mutatis mutandis to the general meetings of holders of classes of stock.



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CHAPTER V

DIRECTORS AND BOARD OF DIRECTORS



|Article 32. | (Number)
|----------- | --------

The Company shall have not more
than fifteen (15) Directors.



|Article 33. | (Method of Appointment)
|----------- | -----------------------

1. The Director(s)
shall be appointed at a general meeting of shareholders.

2. A resolution for the appointment of Director(s) shall be adopted by an
affirmative vote of a majority of the voting rights held by the shareholders present at the relevant meeting who shall hold in aggregate not less than one-third (1/3) of the voting rights of the shareholders entitled to exercise their voting
rights.

3. Cumulative voting shall not be used for the appointment of Director(s).



|Article 34. | (Method of Dismissal)
|----------- | ---------------------

A resolution
for the dismissal of Director(s) shall be adopted by an affirmative vote of a majority of the voting rights held by the shareholders present at the relevant general meeting of shareholders who shall hold in aggregate not less than one-third
(1/3) of the voting rights of the shareholders entitled to exercise their voting rights.



|Article 35. | (Term of Office)
|----------- | ----------------

The term of office of
Director(s) shall expire at the closing of the ordinary general meeting of shareholders concerning the last business year ending within two (2) years after their appointment.



|Article 36. | (Representative Director(s) and Director(s) with Titles)
|----------- | --------------------------------------------------------

1. The Representative Director(s) shall be designated by a resolution of the Board of Directors.

2. The
President shall be appointed by a resolution of the Board of Directors.

3. The Board of Directors may, by its resolutions, appoint
Chairman, Deputy Chairman, Deputy President(s), Senior Managing Director(s) and Managing Director(s).



|Article 37. | (Duties of the President)
|----------- | -------------------------

The
President shall oversee the operations of the Company.



|Article 38. | (Person Authorized to Convene Meetings of the Board of Directors and Chairman of the Meeting)
|----------- | ---------------------------------------------------------------------------------------------

1. Unless otherwise provided for by laws or regulations, the President shall convene and preside over the meeting of the Board of Directors.

2. In the case where the President is unable so to act, one of the other Director(s) in the order previously determined by the Board of Directors
shall take such persons place.



|Article 39. | (Notice to Convene Meetings of the Board of Directors)
|----------- | ------------------------------------------------------

1. Notice to convene a meeting of the Board of Directors shall be given to each Director and Corporate Auditor not less than three (3) days prior to the date set for such meeting; provided, however, that in case
of emergency, such period may be shortened.

2. A meeting of the Board of Directors may be held without taking the procedures of
convocation with the consent of all the Directors and Corporate Auditors.



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|Article 40. | (Method of Adopting Resolutions of the Board of Directors)
|----------- | ----------------------------------------------------------

Resolutions of a meeting of the Board of Directors shall be adopted by an affirmative vote of a majority of the Directors present at the relevant meeting who shall constitute a majority in number of all the Directors
entitled to take part in the vote.



|Article 41. | (Minutes of Meetings of the Board of Directors)
|----------- | -----------------------------------------------

The minutes of the meetings of the Board of Directors shall be prepared in writing or by electromagnetic file as provided for in laws and regulations, the Director(s) and Corporate Auditors present thereat shall affix their names and seals
thereon, or electronic signatures thereto.



|Article 42. | (Regulations of the Board of Directors)
|----------- | ---------------------------------------

Matters concerning the Board of Directors shall be governed by the Regulations of the Board of Directors prescribed by the Board of Directors, in addition to laws and regulations and these Articles of Incorporation.



|Article 43. | (Liability Limitation Agreements with Outside Director(s))
|----------- | ----------------------------------------------------------

Pursuant to the provisions provided for in Article 427, Paragraph 1 of the Law, the Company may enter into liability limitation agreements with any Outside Director which limit the liability provided for in Article
423, Paragraph 1 of the Law to the higher of either (i) the pre-determined amount not less than twenty million (20,000,000) yen or (ii) the amount prescribed in laws and regulations, provided that such Outside Director is bona fide
and without gross negligence in performing his/her duty.

CHAPTER VI

CORPORATE AUDITORS AND BOARD OF CORPORATE AUDITORS



|Article 44. | (Number)
|----------- | --------

The Company shall have not more
than six (6) Corporate Auditors.



|Article 45. | (Method of Appointment)
|----------- | -----------------------

1. The Corporate
Auditors shall be appointed at a general meeting of shareholders.

2. A resolution for appointment of Corporate Auditors shall be adopted
by an affirmative vote of a majority of the voting rights held by the shareholders present at the relevant meeting who shall hold in aggregate not less than one-third (1/3) of the voting rights of the shareholders entitled to exercise their
voting rights.



|Article 46. | (Term of Office)
|----------- | ----------------

The term of office of
Corporate Auditors shall expire at the closing of the ordinary general meeting of shareholders concerning the last business year ending within four (4) years after their appointments.



|Article 47. | (Full-Time Corporate Auditor(s))
|----------- | --------------------------------

The Board
of Corporate Auditors shall, by its resolution, designate full-time Corporate Auditor(s).



|Article 48. | (Notice to Convene Meetings of the Board of Corporate Auditors)
|----------- | ---------------------------------------------------------------

1. Notice to convene a meeting of the Board of Corporate Auditors shall be given to each Corporate Auditor not less than three (3) days prior to the date set for such meeting; provided, however, that in case of
emergency, such period may be shortened.



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2. A meeting of the Board of Corporate Auditors may be held without taking the procedures of convocation
with the consent of all the Corporate Auditors.



|Article 49. | (Method of Adopting Resolutions of the Board of Corporate Auditors)
|----------- | -------------------------------------------------------------------

Resolutions of a meeting of the Board of Corporate Auditors shall be adopted by an affirmative vote of a majority of the Corporate Auditors, unless otherwise provided for by laws or regulations.



|Article 50. | (Minutes of Meetings of the Board of Corporate Auditors)
|----------- | --------------------------------------------------------

The minutes of the meetings of the Board of Corporate Auditors shall be prepared in writing or by electromagnetic file as provided for in laws and regulations, and the Directors and Corporate Auditors present thereat
shall affix their names and seals thereon or electronic signatures thereto.



|Article 51. | (Regulations of the Board of Corporate Auditors)
|----------- | ------------------------------------------------

Matters concerning the Board of Corporate Auditors shall be governed by the Regulations of the Board of Corporate Auditors prescribed by the Board of Corporate Auditors, in addition to laws and regulations and these Articles of
Incorporation.



|Article 52. | (Liability Limitation Agreements with Outside Corporate Auditor(s))
|----------- | -------------------------------------------------------------------

Pursuant to the provisions provided for in Article 427, Paragraph 1 of the Law, the Company may enter into liability limitation agreements with any Outside Corporate Auditor which limit the liability provided for in
Article 423, Paragraph 1 of the Law to the higher of either (i) the pre-determined amount not less than twenty million (20,000,000) yen or (ii) the amount prescribed in laws and regulations, provided that such Outside Corporate
Auditor is bona fide and without gross negligence in performing his/her duty.

CHAPTER VII

ACCOUNTING



|Article 53. | (Business Year)
|----------- | ---------------

The business year of the
Company shall be the one-year period from April 1 of each year through March 31 of the following year.



|Article 54. | (Dividends from Surplus Approved by Resolution of Ordinary General Meeting of Shareholders)
|----------- | -------------------------------------------------------------------------------------------

Dividends from the surplus approved by a resolution of an ordinary general meeting of shareholders shall be distributed to the shareholders or registered
stock pledgees appearing in writing or electronically in the register of shareholders as of the end of March 31 of each year.



|Article 55. | (Interim Dividends)
|----------- | -------------------

The Company may, by a
resolution of the Board of Directors, distribute interim dividends provided for in Article 454, Paragraph 5 of the Law to the shareholders or registered stock pledgees appearing in writing or electronically in the register of shareholders as of the
end of September 30 of each year.



|Article 56. | (Prescription for Payment of Dividends)
|----------- | ---------------------------------------

In
the case where the dividends from its surplus are distributed by cash, the Company shall be released from the obligation to pay such dividends from the surplus which have not been received after the lapse of five (5) years from the date of
commencement of payment thereof.



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SUPPLEMENTARY PROVISIONS



|Article 1. | (Effective Date)
|---------- | ----------------

1. Amendments in
relation to Article 6, Articles 9 through 11, Articles 13 through 17 (but with respect to Article 14, only the amended portion concerning the register of fractional shares, fractional shares and shares constituting less than one (1) unit),
Article 22, Article 31, Article 54 and Article 55 of the Articles of Incorporation, the deletion of Article 9 of the Articles of Incorporation prior to the amendment, and the renumbering of the articles in conjunction with these amendments shall
become effective on the day preceding the day on which the Law for Partial Amendments to the Law Concerning Book-entry Transfer of Corporate Bonds and Other Securities for the Purpose of Streamlining the Settlement of Trades of Stocks and
Other Securities (Law No. 88 of 2004, the Settlement Rationalization Law) is enforced.

2. The provisions of Article
6 of the Articles of Incorporation prior to the amendment shall be amended as set forth below and such amendments shall apply until the effective date set forth in the preceding paragraph.



| | Article 6. | (Total Number of Authorized Shares)
| | ---------- | -----------------------------------

The total number of shares that the Company is authorized to issue shall be 28,790,759 shares, and each total number of the classes of shares that the Company is authorized to issue shall be as set forth below;
provided, however, that in the case where a cancellation of shares is made, the number of shares that the Company is authorized to issue shall be reduced by the number of shares so canceled:



|                            |  |                  
|--------------------------- |  | -----------------
|Common stock:               |  | 24,392,259 shares
|                            | 
|Class XI preferred stock:   |  | 1,398,500 shares 
|                            | 
|Class XII preferred stock:  |  | 1,500,000 shares 
|                            | 
|Class XIII preferred stock: |  | 1,500,000 shares 

3. In the case where a cancellation of shares, as set forth in the proviso of Article 6 of the
immediately preceding paragraph, is made before the effective date set forth in Paragraph 1, the number of shares so cancelled multiplied by one thousand (1,000) will be reduced from the total number of shares of the Company authorized to be
issued and from the total number of shares in the relevant share class of the Company authorized to be issued as provided for in Article 6 of the Articles of Incorporation (i.e., Article 6 of the Articles of Incorporation which will become effective
on the effective date stipulated in Paragraph 1).

4. Amendments to Article 12 and Article 14 (but with respect to Article 14, only the
amended portion concerning share certificates) of the Articles of Incorporation shall become effective on the date the Settlement Rationalization Law becomes effective.

5. Amendments to Article 5 of the Articles of Incorporation and Paragraph 2 of this Article shall become effective when the proposed amendments to the Articles of Incorporation are approved at the sixth
(6th) ordinary general meeting of shareholders.



|Article 2. | (Issuance of Share Certificates)
|---------- | --------------------------------

In
accordance with Article 6, Paragraph 1 of the supplementary provisions of the Settlement Rationalization Law, it is deemed to have been resolved that the Articles of Incorporation would be amended in order to abolish the provision of the Articles of
Incorporation that the Company issue share certificates, of which the effective date being the date such Law becomes effective. Accordingly, the provisions of Article 7 of the Articles of Incorporation shall be abolished after such Law becomes
effective.



|Article 3. | (Miscellaneous)
|---------- | ---------------

These supplementary
provisions shall be deleted after the Settlement Rationalization Law becomes effective.



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