Mizuho hit by theme park's collapse
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Huis Ten Bosch, a Dutch-themed park in Nagasaki, opened in 1992
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TOKYO, Japan (CNN) -- Mizuho Holdings, the world's biggest bank by assets, has again taken a hit on the Tokyo Stock Exchange, with its share price falling more than 6.5 percent to 100,000 yen at the close Wednesday.
The sharp drop came as Mizuho said its corporate bank had loans of 102.33 billion yen (about $865 million) outstanding to Japanese theme park operator Huis Ten Bosch.
The company is filing for bankruptcy with liabilities of 229 billion yen (almost $2 billion), according to data agency Teikoku Databank.
Mizuho said its earnings outlook for the financial year to March 31 would not be affected, though it expected the loans would take time to collect.
Nagasaki-based Huis Ten Bosch has operated the theme park, which recreates a 17th-century Dutch lifestyle, since 1992.
Another Japanese theme park, Seagaia resort at Miyazaki on the southern island of Kyushu, filed for bankruptcy in early 2001 with debts of 326 billion yen ($2.76 billion).
Earlier, Kyodo news agency reported that Mizuho Holdings will get a total of 90 billion yen ($762 million) from Japan's power and gas utilities as part of its plan to raise 1 trillion yen (about $8.5 billion) in new capital.
It said at least eight regional power utilities, along with Tokyo Gas and Osaka Gas, would subscribe to Mizuho's offer.
