Asset Management One Co. Ltd. is set to start a robo-advisory business in the fiscal year ending March 31, 2017, The Nikkei reported April 4.

The company plans to provide customers with digital financial advice based on algorithms through the new business. The digital system will identify the acceptable risk levels of each client and will propose the best combination of low-cost investments.

Asset Management One was established in October 2016 as a result of integration of four asset management firms, including Mizuho Asset Management Co. Ltd. and Shinko Asset Management Co.

Asset Management One is a unit of Mizuho Financial Group Inc.