Form 6-K MIZUHO FINANCIAL GROUP For: Feb 02

Article Stock Quotes (1)

FREE Breaking News Alerts from StreetInsider.com!

StreetInsider.com Top Tickers, 4/19/2024

1. NFLX
2. TSM
3. ISRG
4. INFY
5. SNV

6. TSLA
7. SPY
8. SMCI
9. BX
10. AAPL

Top News Most Read Special Reports

February 2, 2023 6:06 AM EST

E-mail

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2023

Commission File Number 001-33098

Mizuho Financial Group, Inc.

(Translation of registrant’s name into English)

5-5, Otemachi 1-chome

Chiyoda-ku, Tokyo 100-8176

Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ☐ No ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82- .

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE INTO THE PROSPECTUS FORMING A PART OF MIZUHO FINANCIAL GROUP, INC.’S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-266555) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Date:		February 2, 2023

Mizuho Financial Group, Inc.

By:		/s/ Makoto Umemiya
Name:		Makoto Umemiya
Title:		Deputy President & Senior Executive Officer / Group CFO

For Immediate Release:

Consolidated Financial Statements for the Third Quarter of Fiscal 2022

(Nine months ended December 31, 2022)

(Under Japanese GAAP)


Company Name:		Mizuho Financial Group, Inc. (“MHFG”)		February 2, 2023


Stock Code Number (Japan):	8411
Stock Exchange Listings:	Tokyo Stock Exchange (Prime Market), New York Stock Exchange
URL:	https://www.mizuhogroup.com
Representative:	Masahiro Kihara	President & Group CEO
For Inquiry:	Yasutoshi Tanaka	General Manager of Accounting	Phone:	+81-3-6838-6101
Filing of Shihanki Hokokusho (scheduled):		February 14, 2023	Trading Accounts:	Established
Commencement of Dividend Payment (scheduled):		-
Supplementary Materials on Quarterly Results:		Attached
IR Conference on Quarterly Results:		Scheduled

Amounts less than one million yen are rounded down.

1. Financial Highlights for the Third Quarter of Fiscal 2022 (for the nine months ended December 31, 2022)

(1) Consolidated Results of Operations (Accumulated Period)

(%: Changes from the corresponding period of the previous fiscal year)

Ordinary Income

Ordinary Profits

Profit
Attributable to
Owners of Parent

¥ million

3Q F2022

4,308,147

83.6

658,150

32.2

543,277

13.5

3Q F2021

2,345,453

1.3

497,656

10.8

478,656

35.0

Note:

Comprehensive Income:

3Q F2022: ¥86,714 million, (65.4) %; 3Q F2021: ¥250,949 million, (56.4)%


	Net Income per Share of Common Stock		Diluted Net Income per Share of Common Stock
	¥		¥
3Q F2022		214.36		214.36
3Q F2021		188.82		188.81

(2) Consolidated Financial Conditions


	Total Assets		Total Net Assets		Own Capital Ratio
	¥ million		¥ million		%
3Q F2022		251,791,239		9,028,634		3.5
Fiscal 2021		237,066,142		9,201,031		3.8

Reference:

Own Capital:

As of December 31, 2022: ¥8,952,878 million; As of March 31, 2022: ¥9,077,382 million

Note:

Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Non-controlling Interests) / Total Assets × 100

Own Capital Ratio stated above is not calculated based on the public notice of Own Capital Ratio.

2. Cash Dividends for Shareholders of Common Stock


	Annual Cash Dividends per Share
	First Quarter-end		Second Quarter-end		Third Quarter-end		Fiscal Year-end		Total
	¥		¥		¥		¥		¥
Fiscal 2021		—		40.00		—		40.00		80.00
Fiscal 2022		—		42.50		—
Fiscal 2022 (estimate)								42.50		85.00


Note:		Revision of the latest announced estimates for cash dividends for shareholders of common stock: No

3. Consolidated Earnings Estimates for Fiscal 2022 (for the fiscal year ending March 31, 2023)


	(%: Changes from the previous fiscal year)
		Profit Attributable to Owners of Parent				Net Income per Share of Common Stock
		¥ million		%		¥
Fiscal 2022			540,000		1.7		213.06


Notes:	1.	Revision of the latest announced earnings estimates for fiscal 2022: No
	2.	The number of shares of common stock used in the above per share information is based on the weighted average of the average number of outstanding shares during 1Q, 2Q and 3Q and the number of outstanding shares as of December 31, 2022 (which is used as a proxy for the average number of outstanding shares during the remainder of the relevant period).

Notes

(1) Changes in Significant Subsidiaries during the Period (changes in specified subsidiaries accompanying changes in the scope of consolidation): No

(2) Adoption of Specified Accounting Methods for the Preparation of Quarterly Consolidated Financial Statements: No

(3) Changes in Accounting Policies and Accounting Estimates / Restatements

i. Changes in accounting policies due to revisions of accounting standards: Yes

ii. Changes in accounting policies other than i above: No

iii. Changes in accounting estimates: No

iv. Restatements: No

Note: For more information, please refer to “1.(1) Changes in Accounting Policies and Accounting Estimates / Restatements” on page 1-2 of the attachment.

(4) Issued Shares of Common Stock


i. Period-end issued shares (including treasury stock):	As of December 31, 2022	2,539,249,894 shares	As of March 31, 2022	2,539,249,894 shares
ii. Period-end treasury stock:	As of December 31, 2022	4,972,755 shares	As of March 31, 2022	4,659,024 shares
iii. Average outstanding shares (accumulated period):	3Q Fiscal 2022	2,534,327,656 shares	3Q Fiscal 2021	2,534,973,142 shares

This immediate release is outside the scope of quarterly review.

This immediate release contains statements that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including estimates, forecasts, targets and plans. Such forward-looking statements do not represent any guarantee by management of future performance.

In many cases, but not all, we use such words as “aim,” “anticipate,” “believe,” “endeavor,” “estimate,” “expect,” “intend,” “may,” “plan,” “probability,” “project,” “risk,” “seek,” “should,” “strive,” “target” and similar expressions in relation to us or our management to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements reflect our current views with respect to future events and are subject to risks, uncertainties and assumptions.

We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: impact of geopolitical disruptions and the corona virus pandemic; intensification of competition in the market for financial services; incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline in our deferred tax assets; impairment of the carrying value of our long-lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our 5-Year Business Plan and implement other strategic initiatives and measures effectively; the effectiveness of our operational, legal and other risk management policies; the effect of changes in general economic conditions in Japan and elsewhere; and changes to applicable laws and regulations.

Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3. D. Key Information-Risk

Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange

Commission (“SEC”) and our report on Form 6-K furnished to the SEC on December 28, 2022, both of which are available in the Financial Information section of our web page at www.mizuhogroup.com and also at the SEC’s web site at www.sec.gov.

We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange.

Mizuho Financial Group, Inc.

m Contents of Attachment


1. Matters Related to Summary Information (Notes)		p. 1-2
(1) Changes in Accounting Policies and Accounting Estimates / Restatements		p. 1-2

2. Quarterly Consolidated Financial Statements and Others		p. 1-3
(1) Consolidated Balance Sheets		p. 1-3
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income		p. 1-5
(3) Note for Assumption of Going Concern		p. 1-7
(4) Note for Significant Changes in the Amount of Shareholders’ Equity		p. 1-7
øSELECTED FINANCIAL INFORMATION For the Third Quarter of Fiscal 2022

Note to XBRL

Please note that the names of the English accounts contained in XBRL data, which are available through EDINET and TDNet, may be different from those of the English accounts in our financial statements.

1-1

Mizuho Financial Group, Inc.

1. Matters Related to Summary Information (Notes)

(1) Changes in Accounting Policies and Accounting Estimates / Restatements

(Changes in Accounting Policies)

(Implementation Guidance on Accounting Standard for Fair Value Measurement)

MHFG has applied “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ Guidance No.31, June 17, 2021 (referred to as “Fair Value Accounting Standard Implementation Guidance”)) from the beginning of the first quarter ended June 30, 2022. In accordance with the transitional treatment set out in Article 27-2 of “Fair Value Accounting Standard Implementation Guidance”, MHFG applies the new accounting policy set forth in “Fair Value Accounting Standard Implementation Guidance” prospectively. As a result, some Investment trusts and others are calculated using net asset value, etc., as of the calculation date of the fair value.

1-2

Mizuho Financial Group, Inc.

2. Quarterly Consolidated Financial Statements and Others

(1) Consolidated Balance Sheets


	*Millions of yen*
	As of March 31, 2022			As of December 31, 2022
Assets
Cash and Due from Banks	¥	51,359,301		¥	56,839,849
Call Loans and Bills Purchased		940,008			1,052,561
Receivables under Resale Agreements		12,750,363			14,333,722
Guarantee Deposits Paid under Securities Borrowing Transactions		2,340,089			1,770,292
Other Debt Purchased		3,476,021			4,041,909
Trading Assets		13,221,415			19,809,108
Money Held in Trust		591,183			583,626
Securities		44,641,060			35,665,864
Loans and Bills Discounted		84,736,280			91,230,919
Foreign Exchange Assets		2,627,492			2,961,851
Derivatives other than for Trading Assets		2,277,160			3,590,376
Other Assets		7,797,796			8,486,862
Tangible Fixed Assets		1,095,977			1,097,941
Intangible Fixed Assets		601,292			598,884
Net Defined Benefit Asset		863,217			773,335
Deferred Tax Assets		184,594			428,485
Customers’ Liabilities for Acceptances and Guarantees		8,346,878			9,231,896
Reserves for Possible Losses on Loans		(783,886	)		(706,244	)
Reserve for Possible Losses on Investments		(107	)		(1	)

Total Assets	¥	237,066,142		¥	251,791,239

1-3

Mizuho Financial Group, Inc.


	*Millions of yen*
	As of March 31, 2022			As of December 31, 2022
Liabilities
Deposits	¥	138,830,872		¥	143,491,614
Negotiable Certificates of Deposit		16,868,931			18,940,503
Call Money and Bills Sold		1,278,050			1,447,299
Payables under Repurchase Agreements		20,068,779			22,493,570
Guarantee Deposits Received under Securities Lending Transactions		1,172,248			430,910
Commercial Paper		1,775,859			2,009,782
Trading Liabilities		9,608,976			16,071,186
Borrowed Money		6,590,527			2,435,971
Foreign Exchange Liabilities		1,508,453			802,717
Short-term Bonds		537,167			525,867
Bonds and Notes		10,714,004			10,856,934
Due to Trust Accounts		1,167,284			1,529,791
Derivatives other than for Trading Liabilities		2,770,852			4,314,108
Other Liabilities		6,301,484			7,902,609
Reserve for Bonus Payments		120,052			71,453
Reserve for Variable Compensation		2,278			1,784
Net Defined Benefit Liability		71,774			71,708
Reserve for Director and Corporate Auditor Retirement Benefits		557			509
Reserve for Possible Losses on Sales of Loans		1,309			12,358
Reserve for Contingencies		6,622			13,196
Reserve for Reimbursement of Deposits		17,620			14,582
Reserve for Reimbursement of Debentures		10,504			8,219
Reserves under Special Laws		3,132			3,132
Deferred Tax Liabilities		30,923			21,395
Deferred Tax Liabilities for Revaluation Reserve for Land		59,962			59,499
Acceptances and Guarantees		8,346,878			9,231,896

Total Liabilities	¥	227,865,110		¥	242,762,605

Net Assets
Common Stock	¥	2,256,767		¥	2,256,767
Capital Surplus		1,125,324			1,129,388
Retained Earnings		4,756,435			5,091,194
Treasury Stock		(8,342	)		(8,607	)

Total Shareholders’ Equity		8,130,185			8,468,742

Net Unrealized Gains (Losses) on Other Securities		719,822			230,046
Deferred Gains or Losses on Hedges		(76,757	)		(227,046	)
Revaluation Reserve for Land		132,156			131,108
Foreign Currency Translation Adjustments		2,346			224,296
Remeasurements of Defined Benefit Plans		169,652			125,734
Own Credit Risk Adjustments, Net of Tax		(23	)		(3	)

Total Accumulated Other Comprehensive Income		947,197			484,136

Stock Acquisition Rights		94			5
Non-Controlling Interests		123,555			75,750

Total Net Assets		9,201,031			9,028,634

Total Liabilities and Net Assets	¥	237,066,142		¥	251,791,239

1-4

Mizuho Financial Group, Inc.

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income


	*Millions of yen*
	For the nine months ended December 31, 2021			For the nine months ended December 31, 2022
Ordinary Income	¥	2,345,453		¥	4,308,147
Interest Income		932,956			2,050,840
Interest on Loans and Bills Discounted		639,491			1,175,714
Interest and Dividends on Securities		179,667			268,434
Fiduciary Income		44,755			43,548
Fee and Commission Income		648,856			640,453
Trading Income		275,516			1,056,220
Other Operating Income		239,665			389,222
Other Ordinary Income		203,702			127,861
Ordinary Expenses		1,847,796			3,649,996
Interest Expenses		218,683			1,326,742
Interest on Deposits		42,572			495,216
Fee and Commission Expenses		127,687			125,607
Trading Expenses		—			843,720
Other Operating Expenses		99,907			140,296
General and Administrative Expenses		1,010,145			1,057,623
Other Ordinary Expenses		391,372			156,004

Ordinary Profits		497,656			658,150

Extraordinary Gains		67,229			41,945
Extraordinary Losses		9,779			10,134

Income before Income Taxes		555,106			689,961

Income Taxes:
Current		94,980			104,022
Refund of Income Taxes		(270	)		(9,271	)
Deferred		(27,757	)		47,787

Total Income Taxes		66,951			142,537

Profit		488,154			547,423

Profit Attributable to Non-controlling Interests		9,497			4,146

Profit Attributable to Owners of Parent	¥	478,656		¥	543,277

1-5

Mizuho Financial Group, Inc.

Consolidated Statements of Comprehensive Income


	*Millions of yen*
	For the nine months ended December 31, 2021			For the nine months ended December 31, 2022
Profit	¥	488,154		¥	547,423
Other Comprehensive Income		(237,204	)		(460,709	)
Net Unrealized Gains (Losses) on Other Securities		(154,295	)		(491,119	)
Deferred Gains or Losses on Hedges		(84,735	)		(150,531	)
Foreign Currency Translation Adjustments		72,084			195,641
Remeasurements of Defined Benefit Plans		(78,465	)		(43,681	)
Own Credit Risk Adjustments, Net of Tax		—			19
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method		8,207			28,962

Comprehensive Income		250,949			86,714

(Breakdown)
Comprehensive Income Attributable to Owners of Parent		240,222			81,264
Comprehensive Income Attributable to Non-controlling Interests		10,726			5,450

1-6

Mizuho Financial Group, Inc.

(3) Note for Assumption of Going Concern

There is no applicable information.

(4) Note for Significant Changes in the Amount of Shareholders’ Equity

There is no applicable information.

1-7

SELECTED FINANCIAL INFORMATION

For the Third Quarter of Fiscal 2022

(Nine months ended December 31, 2022)

(Under Japanese GAAP)

LOGO

Mizuho Financial Group, Inc.

C O N T E N T S

Notes:

“CON”: Consolidated figures for Mizuho Financial Group, Inc. (“MHFG”)

“NON”: Non-consolidated figures for Mizuho Bank, Ltd. (“MHBK”) and Mizuho Trust & Banking Co., Ltd. (“MHTB”)

FINANCIAL INFORMATION FOR THE THIRD QUARTER OF FISCAL 2022

See above Notes

Page

1. Income Analysis

CON

NON

2-1

2. Net Gains/Losses on Stocks

CON

NON

2-3

3. Unrealized Gains/Losses on Securities

CON

NON

2-4

4. Deferred Hedge Gains/Losses on Derivative Transactions Qualifying for Hedge Accounting

NON

2-7

5. Status of Non Performing Loans based on the Banking Act (“BA”) and the Financial Reconstruction Act (“FRA”)

CON

NON

2-8

6. Status of Deposits and Loans

NON

2-12

Attachments

Page

Mizuho Bank, Ltd.

Comparison of Non-Consolidated Balance Sheets (selected items)

2-14

Comparison of Non-Consolidated Statements of Income (selected items)

2-15

Mizuho Trust & Banking Co., Ltd.

Comparison of Non-Consolidated Balance Sheets (selected items)

2-16

Comparison of Non-Consolidated Statements of Income (selected items)

2-17

Mizuho Securities Co., Ltd.

Comparison of Non-Consolidated Balance Sheets (selected items)

2-18

Comparison of Non-Consolidated Statements of Income (selected items)

2-19

Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3.D. Key Information-Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) and our report on Form 6-K furnished to the SEC on December 28, 2022, both of which are available in the Financial Information section of our web page at www.mizuho-fg.com/index.html and also at the SEC’s web site at www.sec.gov.

Mizuho Financial Group, Inc.

FINANCIAL INFORMATION FOR THE THIRD QUARTER OF FISCAL 2022

1. Income Analysis

Consolidated


		*(Billions of yen)*
		Third Quarter of Fiscal 2022 (Accumulated Period)						Third Quarter of Fiscal 2021 (Accumulated Period)
					Change
Consolidated Gross Profits	1		1,743.9			48.4			1,695.4
Net Interest Income	2		724.0			9.8			714.2
Fiduciary Income	3		43.5			(1.2	)		44.7
Credit Costs for Trust Accounts	4		—			—			—
Net Fee and Commission Income	5		514.8			(6.3	)		521.1
Net Trading Income	6		212.4			(63.0	)		275.5
Net Other Operating Income	7		248.9			109.1			139.7
General and Administrative Expenses	8		(1,057.6	)		(47.4	)		(1,010.1	)
Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans)	9		(70.1	)		90.1			(160.3	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others	10		4.7			(7.6	)		12.3
Net Gains (Losses) related to Stocks	11		47.4			77.3			(29.8	)
Equity in Income from Investments in Affiliates	12		20.6			(2.7	)		23.3
Other	13		(30.8	)		2.4			(33.2	)

Ordinary Profits	14		658.1			160.4			497.6

Net Extraordinary Gains (Losses)	15		31.8			(25.6	)		57.4
Income before Income Taxes	16		689.9			134.8			555.1
Income Taxes	17		(142.5	)		(75.5	)		(66.9	)
Profit	18		547.4			59.2			488.1
Profit Attributable to Non-controlling Interests	19		(4.1	)		5.3			(9.4	)

Profit Attributable to Owners of Parent	20		543.2			64.6			478.6


Credit-related Costs (including Credit Costs for Trust Accounts)	21		(65.3	)		82.5			(147.9	)
Credit-related Costs [21] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans) [9] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [10] + Credit Costs for Trust Accounts [4]
Reference:
Consolidated Net Business Profits	22		676.2			(4.4	)		680.7
Consolidated Net Business Profits [22] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments

Number of consolidated subsidiaries	23		167			6			161
Number of affiliates under the equity method	24		26			2			24

2-1

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregate Figures for the 2 Banks


		*(Billions of yen)*
		Third Quarter of Fiscal 2022 (Accumulated Period)												Third Quarter of Fiscal 2021 (Accumulated Period)
		MHBK			MHTB			Aggregate Figures			Change
Gross Profits	1		1,048.7			77.1			1,125.8			11.6			1,114.2
Net Interest Income	2		643.7			14.3			658.1			15.0			643.0
Fiduciary Income	3					44.0			44.0			(1.2	)		45.2
Trust Fees for Jointly Operated Designated Money Trust	4					*2.9*			*2.9*			0.0			2.9
Credit Costs for Trust Accounts	5					—			—			—			—
Net Fee and Commission Income	6		285.3			18.9			304.3			(3.5	)		307.9
Net Trading Income	7		(6.6	)		—			(6.6	)		(49.9	)		43.3
Net Other Operating Income	8		126.2			(0.2	)		126.0			51.2			74.7
General and Administrative Expenses (excluding Non-Recurring Losses)	9		(568.1	)		(58.5	)		(626.6	)		7.1			(633.8	)

Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)⁽¹⁾	10		480.6			18.6			499.2			18.7			480.4
Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas⁽²⁾	11		520.2			18.6			538.9			91.8			447.0
Excluding Net Gains (Losses) from redemption of Investment Trusts	12		*497.2*			*18.6*			*515.8*			79.8			436.0

Reversal of (Provision for) General Reserve for Losses on Loans	13		(24.3	)		—			(24.3	)		(137.8	)		113.5

Net Business Profits	14		456.3			18.6			474.9			(119.0	)		593.9
Net Gains (Losses) related to Bonds	15		*(39.6*	)		*(0.0*	)		*(39.6*	)		(73.0	)		33.3

Net Non-Recurring Gains (Losses)	16		35.4			6.3			41.7			327.8			(286.1	)
Net Gains (Losses) related to Stocks	17		36.1			1.9			38.0			68.6			(30.5	)
Expenses related to Portfolio Problems	18		(12.2	)		(0.0	)		(12.2	)		261.4			(273.7	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others	19		4.1			0.1			4.3			(7.0	)		11.4
Other	20		7.3			4.2			11.5			4.8			6.6

Ordinary Profits	21		491.7			24.9			516.6			208.8			307.8

Net Extraordinary Gains (Losses)	22		31.7			4.1			35.9			(22.0	)		57.9
Income before Income Taxes	23		523.4			29.1			552.6			186.8			365.7
Income Taxes	24		(143.7	)		(7.8	)		(151.5	)		(24.9	)		(126.6	)

Net Income	25		379.7			21.2			401.0			161.9			239.0

(1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of “Credit Costs for Trust Accounts” [5]. (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11] =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15]

Credit-related Costs	26		(32.3	)		0.1			(32.1	)		116.5			(148.7	)
Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5]
Reference: Breakdown of Credit-related Costs
Credit Costs for Trust Accounts	27					—			—			—			—
Reversal of (Provision for) General Reserve for Losses on Loans	28		(24.3	)		0.1			(24.1	)		(137.6	)		113.5
Losses on Write-offs of Loans	29		(1.6	)		(0.0	)		(1.6	)		(4.6	)		2.9
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans	30		(17.3	)		0.0			(17.3	)		247.7			(265.0	)
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries	31		16.1			—			16.1			16.0			0.1
Reversal of (Provision for) Reserve for Contingencies	32		(3.1	)		—			(3.1	)		(3.1	)		(0.0	)
Other (including Losses on Sales of Loans)	33		(2.0	)		—			(2.0	)		(1.7	)		(0.2	)
Total	34		(32.3	)		0.1			(32.1	)		116.5			(148.7	)

2-2

Mizuho Financial Group, Inc.

2. Net Gains/Losses on Stocks

Consolidated


	*(Billions of yen)*
	Third Quarter of Fiscal 2022 (Accumulated Period)						Third Quarter of Fiscal 2021 (Accumulated Period)
				Change
Net Gains (Losses) related to Stocks		47.4			77.3			(29.8	)
Gains on Sales		92.8			(67.8	)		160.7
Losses on Sales		(42.0	)		81.4			(123.5	)
Impairment (Devaluation)		(1.5	)		38.2			(39.7	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		—			0.1			(0.1	)
Gains (Losses) on Derivatives other than for Trading		(1.7	)		25.3			(27.0	)
Non-Consolidated
Aggregate Figures for the 2 Banks	Third Quarter of Fiscal 2022 (Accumulated Period)						Third Quarter of Fiscal 2021 (Accumulated Period)
				Change
Net Gains (Losses) related to Stocks		38.0			68.6			(30.5	)
Gains on Sales		83.3			(72.5	)		155.9
Losses on Sales		(40.7	)		79.5			(120.3	)
Impairment (Devaluation)		(2.8	)		36.1			(38.9	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		—			0.1			(0.1	)
Gains (Losses) on Derivatives other than for Trading		(1.7	)		25.3			(27.0	)

Mizuho Bank	Third Quarter of Fiscal 2022 (Accumulated Period)						Third Quarter of Fiscal 2021 (Accumulated Period)
				Change
Net Gains (Losses) related to Stocks		36.1			68.1			(32.0	)
Gains on Sales		78.8			(75.4	)		154.2
Losses on Sales		(38.2	)		82.0			(120.3	)
Impairment (Devaluation)		(2.7	)		36.1			(38.8	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		—			0.1			(0.1	)
Gains (Losses) on Derivatives other than for Trading		(1.7	)		25.3			(27.0	)

Mizuho Trust & Banking	Third Quarter of Fiscal 2022 (Accumulated Period)						Third Quarter of Fiscal 2021 (Accumulated Period)
				Change
Net Gains (Losses) related to Stocks		1.9			0.4			1.4
Gains on Sales		4.5			2.9			1.6
Losses on Sales		(2.5	)		(2.5	)		(0.0	)
Impairment (Devaluation)		(0.0	)		0.0			(0.1	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		—			—			—
Gains (Losses) on Derivatives other than for Trading		—			—			—

2-3

Mizuho Financial Group, Inc.

3. Unrealized Gains/Losses on Securities

•

Stocks and others without a quoted market price and Investments in Partnerships are excluded.

Consolidated

(1) Other Securities

(Billions of yen)

As of December 31, 2022

As of March 31, 2022

As of September 30, 2022 (Reference)

Book Value

Unrealized Gains/Losses

Book Value

Unrealized Gains/Losses

Book Value

Unrealized Gains/Losses

(=Fair Value)

Gains

Losses

(=Fair Value)

Gains

Losses

(=Fair Value)

Gains

Losses

MHFG (Consolidated)

Other Securities

32,678.9

298.8

1,488.8

1,189.9

42,065.7

990.1

1,593.7

603.6

35,384.4

129.8

1,474.6

1,344.7

Japanese Stocks

2,457.2

1,424.4

1,459.4

34.9

2,577.3

1,499.9

1,538.3

38.4

2,443.3

1,390.5

1,422.8

32.3

Japanese Bonds

18,516.8

(106.2

)

9.5

115.7

28,620.4

(52.1

)

19.7

71.9

20,775.4

(54.6

)

19.9

74.5

Japanese Government Bonds

14,722.5

(58.4

)

1.5

59.9

25,158.7

(30.5

)

7.4

38.0

17,103.3

(28.9

)

9.4

38.3

Other

11,704.7

(1,019.3

)

19.9

1,039.2

10,867.9

(457.5

)

35.5

493.1

12,165.5

(1,206.0

)

31.7

1,237.8

Foreign Bonds

9,775.1

(916.3

)

5.6

921.9

8,937.5

(414.2

)

2.3

416.6

10,332.4

(1,081.7

)

1.6

1,083.3

* In addition to “Securities” on the consolidated balance sheets, NCDs in “Cash and Due from Banks,” certain items in “Other Debt Purchased” and certain items in “Other Assets” are also included.

* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others.

* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively.

(2) Bonds Held to Maturity

(Billions of yen)

As of December 31, 2022

As of March 31, 2022

As of September 30, 2022 (Reference)

Book Value

Unrealized Gains/Losses

Book Value

Unrealized Gains/Losses

Book Value

Unrealized Gains/Losses

Gains

Losses

Gains

Losses

Gains

Losses

MHFG (Consolidated)

2,000.2

(157.0

)

2.3

159.3

1,517.5

(52.0

)

5.3

57.3

2,070.5

(177.9

)

3.9

181.8

2-4

Mizuho Financial Group, Inc.


Non-Consolidated Aggregate Figures for the 2 Banks (1) Other Securities
	*(Billions of yen)*
	As of December 31, 2022									As of March 31, 2022									As of September 30, 2022 (Reference)
	Book Value		Unrealized Gains/Losses							Book Value		Unrealized Gains/Losses							Book Value		Unrealized Gains/Losses
	(=Fair Value)					Gains		Losses		(=Fair Value)					Gains		Losses		(=Fair Value)					Gains		Losses
MHBK
Other Securities		31,777.1		164.0			1,353.3		1,189.2		41,243.3		846.8			1,446.7		599.8		34,529.0		(5.7	)		1,336.3		1,342.0
Japanese Stocks		2,253.6		1,292.8			1,327.5		34.7		2,349.0		1,360.4			1,395.9		35.4		2,229.7		1,257.8			1,288.0		30.2
Japanese Bonds		18,406.7		(106.6	)		8.9		115.5		28,517.0		(52.9	)		18.9		71.9		20,666.6		(55.2	)		19.2		74.5
Japanese Government Bonds		*14,711.3*		*(58.4*	)		*1.5*		*59.9*		25,147.5		(30.5	)		7.4		38.0		17,092.0		(28.9	)		9.4		38.3
Other		11,116.6		(1,022.1	)		16.7		1,038.9		10,377.2		(460.6	)		31.8		492.4		11,632.6		(1,208.3	)		28.9		1,237.2
Foreign Bonds		*9,234.2*		*(917.7*	)		*3.7*		*921.5*		8,487.9		(414.8	)		1.1		416.0		9,838.1		(1,082.3	)		0.4		1,082.8
MHTB
Other Securities		230.2		72.0			74.6		2.5		240.3		73.0			78.3		5.3		235.2		71.6			76.0		4.3
Japanese Stocks		132.3		70.8			73.3		2.4		148.2		71.8			77.1		5.2		138.4		70.4			74.7		4.3
Japanese Bonds		91.8		0.4			0.5		0.1		86.4		0.7			0.8		0.0		90.7		0.6			0.6		0.0
Japanese Government Bonds		—		—			—		—		—		—			—		—		—		—			—		—
Other		6.0		0.7			0.7		0.0		5.6		0.4			0.4		0.0		6.0		0.5			0.5		0.0
Foreign Bonds		—		—			—		—		—		—			—		—		—		—			—		—
Total
Other Securities		32,007.4		236.0			1,427.9		1,191.8		41,483.6		919.9			1,525.1		605.1		34,764.2		65.9			1,412.4		1,346.4
Japanese Stocks		2,386.0		1,363.6			1,400.8		37.2		2,497.3		1,432.3			1,473.0		40.7		2,368.2		1,328.3			1,362.8		34.5
Japanese Bonds		18,498.6		(106.2	)		9.5		115.7		28,603.4		(52.1	)		19.7		71.9		20,757.4		(54.6	)		19.9		74.5
Japanese Government Bonds		*14,711.3*		*(58.4*	)		*1.5*		*59.9*		25,147.5		(30.5	)		7.4		38.0		17,092.0		(28.9	)		9.4		38.3
Other		11,122.6		(1,021.3	)		17.5		1,038.9		10,382.9		(460.1	)		32.3		492.4		11,638.6		(1,207.7	)		29.5		1,237.2
Foreign Bonds		*9,234.2*		*(917.7*	)		*3.7*		*921.5*		8,487.9		(414.8	)		1.1		416.0		9,838.1		(1,082.3	)		0.4		1,082.8

*	In addition to “Securities” on the balance sheets, NCDs in “Cash and Due from Banks” and certain items in “Other Debt Purchased” are also included.

*	Unrealized Gains/Losses include ¥23.0 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income (aggregate figures for the 2 banks) for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting.

Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment (aggregate figures for the 2 banks) as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥582.6 billion (Foreign Bonds ¥(561.3) billion and Japanese Government Bonds ¥(48.4) billion), ¥524.0 billion (Foreign Bonds ¥(606.9) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,046.2 billion (Foreign Bonds ¥(279.5) billion and Japanese Government Bonds ¥(30.5) billion), respectively.

2-5

Mizuho Financial Group, Inc.

(2) Bonds Held to Maturity


	*(Billions of yen)*
	As of December 31, 2022									As of March 31, 2022									As of September 30, 2022 (Reference)
			Unrealized Gains/Losses									Unrealized Gains/Losses									Unrealized Gains/Losses
	Book Value					Gains		Losses		Book Value					Gains		Losses		Book Value					Gains		Losses
MHBK		2,000.2		(157.0	)		2.3		159.3		1,517.5		(52.0	)		5.3		57.3		2,070.5		(177.9	)		3.9		181.8
MHTB		—		—			—		—		—		—			—		—		—		—			—		—
Total		2,000.2		(157.0	)		2.3		159.3		1,517.5		(52.0	)		5.3		57.3		2,070.5		(177.9	)		3.9		181.8

(3) Investments in Subsidiaries and Affiliates


	*(Billions of yen)*
	As of December 31, 2022								As of March 31, 2022								As of September 30, 2022 (Reference)
			Unrealized Gains/Losses								Unrealized Gains/Losses								Unrealized Gains/Losses
	Book Value				Gains		Losses		Book Value				Gains		Losses		Book Value				Gains		Losses
MHBK		108.9		310.4		310.4		—		108.9		311.9		312.3		0.3		108.9		306.5		306.6		0.1
MHTB		—		—		—		—		—		—		—		—		—		—		—		—
Total		108.9		310.4		310.4		—		108.9		311.9		312.3		0.3		108.9		306.5		306.6		0.1

(Reference)

Unrealized Gains/Losses on Other Securities

(the base amount to be recorded directly to Net Assets after necessary adjustments)

For certain Other Securities, Unrealized Gains/Losses were recognized in the statement of income by applying the fair-value hedge accounting and others. Unrealized Gains/Losses on Other Securities after excluding such Income/Loss (the “base amount”) are recorded directly to Net Assets after necessary adjustments.

The base amounts are as follows:

Consolidated


	*(Billions of yen)*
	As of December 31, 2022						As of March 31, 2022			As of September 30, 2022 (Reference)
	Unrealized Gains/Losses						Unrealized Gains/Losses			Unrealized Gains/Losses
				Change			Unrealized Gains/Losses			Unrealized Gains/Losses
Other Securities		275.6			(687.0	)		962.7			108.9
Japanese Stocks		1,401.3			(71.1	)		1,472.4			1,369.6
Japanese Bonds		(106.2	)		(54.0	)		(52.1	)		(54.6	)
Japanese Government Bonds		*(58.4*	)		(27.8	)		(30.5	)		(28.9	)
Other		(1,019.4	)		(561.8	)		(457.5	)		(1,206.0	)
Foreign Bonds		*(916.4*	)		(502.1	)		(414.2	)		(1,081.7	)

Non-Consolidated

Aggregate Figures for the 2 Banks


	*(Billions of yen)*
	As of December 31, 2022						As of March 31, 2022			As of September 30, 2022 (Reference)
	Unrealized Gains/Losses						Unrealized Gains/Losses			Unrealized Gains/Losses
				Change			Unrealized Gains/Losses			Unrealized Gains/Losses
Other Securities		213.0			(679.4	)		892.4			45.0
Japanese Stocks		1,340.6			(64.2	)		1,404.8			1,307.3
Japanese Bonds		(106.2	)		(54.0	)		(52.1	)		(54.6	)
Japanese Government Bonds		*(58.4*	)		(27.8	)		(30.5	)		(28.9	)
Other		(1,021.3	)		(561.2	)		(460.1	)		(1,207.7	)
Foreign Bonds		*(917.7*	)		(502.9	)		(414.8	)		(1,082.3	)

2-6

Mizuho Financial Group, Inc.

4. Deferred Hedge Gains/Losses on Derivative Transactions Qualifying for Hedge Accounting

Non-Consolidated

Aggregate Figures for the 2 Banks


	*(Billions of yen)*
	As of December 31, 2022						As of March 31, 2022						As of September 30, 2022 (Reference)
	Deferred Hedge Gains/Losses						Deferred Hedge Gains/Losses						Deferred Hedge Gains/Losses
	Gains		Losses				Gains		Losses				Gains		Losses
MHBK		2,227.0		2,580.4	(353.3	)		1,320.4		1,435.8	(115.3	)		2,222.4		2,373.5	(151.0	)
MHTB		33.3		13.7	19.5			15.5		15.9	(0.3	)		20.9		14.4	6.5
Total		2,260.4		2,594.2	(333.7	)		1,336.0		1,451.7	(115.7	)		2,243.4		2,387.9	(144.4	)

Note: Above figures reflect all derivative transactions qualifying for hedge accounting, and are before net of applicable income taxes.

2-7

Mizuho Financial Group, Inc.

5. Status of Non Performing Loans based on the Banking Act (“BA”) and the Financial Reconstruction Act (“FRA”)

Consolidated


	*(Billions of yen)*
	As of December 31, 2022		Change			As of March 31, 2022		As of September 30, 2022 (Reference)
Claims against Bankrupt and Substantially Bankrupt Obligors		45.0		(5.8	)		50.8		49.0
Claims with Collection Risk		655.3		(66.9	)		722.2		621.0
Claims for Special Attention		324.2		(29.7	)		354.0		370.9
Loans Past Due for 3 Months or More		1.3		(1.1	)		2.4		30.1
Restructured Loans		322.8		(28.6	)		351.5		340.7
Sub-total[1]		1,024.6		(102.4	)		1,127.1		1,040.9
Normal Claims		104,061.4		7,836.5			96,224.9		105,707.0

Total[2]		105,086.1		7,734.1			97,352.0		106,748.0


Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.

Amount of Partial Direct Write-offs		86.7		(22.1	)		108.8		95.7

	*(%)*
NPL ratio[1]/[2]		0.97		(0.18	)		1.15		0.97

Trust Account


		*(Billions of yen)*
	As of December 31, 2022		Change			As of March 31, 2022		As of September 30, 2022 (Reference)
Claims against Bankrupt and Substantially Bankrupt Obligors		—		—			—		—
Claims with Collection Risk		—		—			—		—
Claims for Special Attention		—		—			—		—
Loans Past Due for 3 Months or More		—		—			—		—
Restructured Loans		—		—			—		—
Sub-total[3]		—		—			—		—
Normal Claims		3.1		(0.6	)		3.8		3.2

Total[4]		3.1		(0.6	)		3.8		3.2


	*(%)*
NPL ratio[3]/[4]		—		—			—		—

2-8

Mizuho Financial Group, Inc.

Consolidated + Trust Account


		*(Billions of yen)*
	As of December 31, 2022		Change			As of March 31, 2022		As of September 30, 2022 (Reference)
Claims against Bankrupt and Substantially Bankrupt Obligors		45.0		(5.8	)		50.8		49.0
Claims with Collection Risk		655.3		(66.9	)		722.2		621.0
Claims for Special Attention		324.2		(29.7	)		354.0		370.9
Loans Past Due for 3 Months or More		1.3		(1.1	)		2.4		30.1
Restructured Loans		322.8		(28.6	)		351.5		340.7
Sub-total[5]		1,024.6		(102.4	)		1,127.1		1,040.9
Normal Claims		104,064.6		7,835.9			96,228.7		105,710.3

Total[6]		105,089.2		7,733.4			97,355.8		106,751.2


Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.

Amount of Partial Direct Write-offs		86.7		(22.1	)		108.8		95.7

	*(%)*
NPL ratio[5]/[6]		0.97		(0.18	)		1.15		0.97

Trust account represents trust accounts that guarantee principals in the agreement.

2-9

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregate Figures for the 2 Banks

(Banking Account + Trust Account)


	*(Billions of yen)*
	As of December 31, 2022		Change			As of March 31, 2022		As of September 30, 2022 (Reference)
Claims against Bankrupt and Substantially Bankrupt Obligors		34.5		(6.5	)		41.1		38.8
Claims with Collection Risk		661.1		(64.8	)		726.0		626.7
Claims for Special Attention		295.3		(23.2	)		318.5		341.2
Loans Past Due for 3 Months or More		0.6		(1.8	)		2.4		29.3
Restructured Loans		294.6		(21.4	)		316.0		311.8
Sub-total[1]		991.0		(94.6	)		1,085.6		1,006.7
Normal Claims		106,426.1		8,492.6			97,933.5		107,912.4

Total[2]		107,417.2		8,398.0			99,019.2		108,919.2


Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.

Amount of Partial Direct Write-offs		83.6		(21.7	)		105.4		92.9

	*(%)*
NPL ratio[1]/[2]		0.92		(0.17	)		1.09		0.92

Mizuho Bank

	*(Billions of yen)*
Claims against Bankrupt and Substantially Bankrupt Obligors		34.3		(6.4	)		40.7		38.5
Claims with Collection Risk		653.9		(60.8	)		714.8		618.4
Claims for Special Attention		293.3		(23.6	)		316.9		339.1
Loans Past Due for 3 Months or More		0.6		(1.7	)		2.4		29.3
Restructured Loans		292.6		(21.8	)		314.5		309.8
Sub-total[3]		981.5		(90.9	)		1,072.5		996.1
Normal Claims		103,272.8		8,537.9			94,734.9		104,761.0

Total[4]		104,254.4		8,447.0			95,807.4		105,757.1


Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.

Amount of Partial Direct Write-offs		83.4		(21.7	)		105.2		92.7

	*(%)*
NPL ratio[3]/[4]		0.94		(0.17	)		1.11		0.94

2-10

Mizuho Financial Group, Inc.

Mizuho Trust & Banking

(Banking Account)


	*(Billions of yen)*
Claims against Bankrupt and Substantially Bankrupt Obligors		0.2	(0.1	)	0.3	0.2
Claims with Collection Risk		7.2	(3.9	)	11.2	8.3
Claims for Special Attention		2.0	0.4		1.5	2.0
Loans Past Due for 3 Months or More		—	(0.0	)	0.0	0.0
Restructured Loans		2.0	0.4		1.5	2.0
Sub-total[5]		9.4	(3.6	)	13.1	10.6
Normal Claims		3,150.1	(44.6	)	3,194.8	3,148.2

Total[6]		3,159.6	(48.3	)	3,207.9	3,158.8


Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.

Amount of Partial Direct Write-offs		0.2	0.0		0.2	0.2

	*(%)*
NPL ratio[5]/[6]		0.30	(0.10	)	0.40	0.33

(Trust Account)

	*(Billions of yen)*
Claims against Bankrupt and Substantially Bankrupt Obligors		—	—		—	—
Claims with Collection Risk		—	—		—	—
Claims for Special Attention		—	—		—	—
Loans Past Due for 3 Months or More		—	—		—	—
Restructured Loans		—	—		—	—
Sub-total[7]		—	—		—	—
Normal Claims		3.1	(0.6	)	3.8	3.2

Total[8]		3.1	(0.6	)	3.8	3.2


	*(%)*
NPL ratio[7]/[8]		—	—		—	—

Trust account represents trust accounts that guarantee principals in the agreement.

2-11

Mizuho Financial Group, Inc.

6. Status of Deposits and Loans

Non-Consolidated

(1)-1 Deposits

Aggregate Figures for the 2 Banks


	*(Billions of yen)*
	As of December 31, 2022		Change		As of March 31, 2022		As of September 30, 2022 (Reference)
MHBK		137,818.4		4,184.5		133,633.8		137,150.1
MHTB		2,609.7		38.3		2,571.3		2,559.0

Total		140,428.1		4,222.9		136,205.2		139,709.1

(1)-2 Domestic Deposits

Aggregate Figures for the 2 Banks

(Billions of yen)

As of
December 31, 2022

Change

As of
March 31, 2022

As of
September 30, 2022
(Reference)

MHBK

108,619.8

(1,340.2

)

109,960.1

105,670.7

Individual deposits

47,926.1

1,062.6

46,863.5

47,191.6

MHTB

2,609.7

38.3

2,571.3

2,559.0

Individual deposits

786.6

(17.3

)

803.9

800.6

Total

111,229.6

(1,301.8

)

112,531.4

108,229.8

Individual deposits

48,712.7

1,045.2

47,667.5

47,992.3

Note: Above figures do not include deposits booked at overseas offices and offshore deposits.

(2) Loans and Bills Discounted

Aggregate Figures for the 2 Banks


	*(Billions of yen)*
	As of December 31, 2022		Change			As of March 31, 2022		As of September 30, 2022 (Reference)
MHBK		89,512.3		6,549.9			82,962.4		89,888.3
MHTB		3,137.4		(54.8	)		3,192.3		3,143.9

Total		92,649.8		6,495.0			86,154.8		93,032.2

Note: Loans to MHFG are included as follows:

As of December 31, 2022: ¥730.0 billion (from MHBK)

As of September 30, 2022: ¥540.0 billion (from MHBK)

As of March 31, 2022: ¥755.0 billion (from MHBK)

2-12

Mizuho Financial Group, Inc.

(3) Interest Margins (Domestic Operations)


		*(%)*
		Third Quarter of Fiscal 2022 (Accumulated Period)					Third Quarter of Fiscal 2021 (Accumulated Period)
Mizuho Bank				Change
Return on Loans and Bills Discounted	1		0.76		0.01			0.74
Cost of Deposits	2		0.00		(0.00	)		0.00

Loan and Deposit Rate Margin [1]-[2]	3		0.76		0.01			0.74


Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).
2. Deposits include NCDs.

(Reference) After excluding Loans to the Japanese government and others


Return on Loans and Bills Discounted	4	0.77	0.01	0.76
Loan and Deposit Rate Margin [4]-[2]	5	0.77	0.01	0.75



		*(%)*
		Third Quarter of Fiscal 2022 (Accumulated Period)					Third Quarter of Fiscal 2021 (Accumulated Period)
Mizuho Trust & Banking				Change
Return on Loans and Bills Discounted	6		0.60		0.01			0.59
Cost of Deposits	7		0.00		(0.00	)		0.01

Loan and Deposit Rate Margin [6]-[7]	8		0.59		0.01			0.58


Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).
2. Deposits include NCDs.

(Reference) After excluding Loans to the Japanese government and others


Return on Loans and Bills Discounted	9	0.60	0.00	0.60
Loan and Deposit Rate Margin [9]-[7]	10	0.59	0.00	0.59


(Reference)		*(%)*
		Third Quarter of Fiscal 2022 (Accumulated Period)					Third Quarter of Fiscal 2021 (Accumulated Period)
Aggregate Figures for the 2 Banks				Change

Return on Loans and Bills Discounted	11		0.75		0.01			0.73
Cost of Deposits	12		0.00		(0.00	)		0.00

Loan and Deposit Rate Margin [11]-[12]	13		0.75		0.01			0.73


Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).
2. Deposits include NCDs.

(Reference) After excluding Loans to the Japanese government and others


Return on Loans and Bills Discounted	14	0.76	0.01	0.75
Loan and Deposit Rate Margin [14]-[12]	15	0.76	0.01	0.74

2-13

Mizuho Bank, Ltd.

(Attachments)

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)

OF MIZUHO BANK


	*Millions of yen*
	As of December 31, 2022 (A)			As of March 31, 2022 (B)			Change (A) - (B)
Assets
Cash and Due from Banks	¥	53,245,855		¥	48,803,771		¥	4,442,083
Call Loans		1,213,064			1,223,766			(10,701	)
Receivables under Resale Agreements		3,609,145			1,681,260			1,927,885
Guarantee Deposits Paid under Securities Borrowing Transactions		156,287			154,255			2,032
Other Debt Purchased		764,045			679,939			84,106
Trading Assets		7,020,058			4,496,695			2,523,363
Money Held in Trust		504			504			0
Securities		35,430,600			44,608,181			(9,177,580	)
Loans and Bills Discounted		89,512,391			82,962,457			6,549,933
Foreign Exchange Assets		2,835,559			2,509,122			326,437
Derivatives other than for Trading		13,452,275			6,133,443			7,318,831
Other Assets		7,652,835			5,958,848			1,693,987
Tangible Fixed Assets		851,614			847,689			3,924
Intangible Fixed Assets		345,460			347,681			(2,221	)
Prepaid Pension Cost		401,679			440,611			(38,931	)
Deferred Tax Assets		425,524			273,129			152,394
Customers’ Liabilities for Acceptances and Guarantees		10,284,574			8,733,646			1,550,927
Reserves for Possible Losses on Loans		(705,119	)		(814,778	)		109,658
Reserve for Possible Losses on Investments		—			(106	)		106

Total Assets	¥	226,496,358		¥	209,040,119		¥	17,456,238

Liabilities
Deposits	¥	137,818,417		¥	133,633,887		¥	4,184,529
Negotiable Certificates of Deposit		18,424,292			16,162,209			2,262,083
Call Money		1,010,914			940,058			70,856
Payables under Repurchase Agreements		12,023,602			9,293,236			2,730,366
Guarantee Deposits Received under Securities Lending Transactions		57,506			146,864			(89,358	)
Commercial Paper		2,009,782			1,775,859			233,922
Trading Liabilities		5,909,029			3,447,533			2,461,496
Borrowed Money		10,335,951			14,397,626			(4,061,674	)
Foreign Exchange Liabilities		1,009,967			1,788,299			(778,332	)
Bonds and Notes		650,206			810,504			(160,298	)
Derivatives other than for Trading		14,207,146			6,635,032			7,572,114
Other Liabilities		6,225,896			4,302,633			1,923,263
Reserve for Bonus Payments		4,513			24,582			(20,068	)
Reserve for Variable Compensation		567			763			(195	)
Reserve for Possible Losses on Sales of Loans		12,358			1,309			11,048
Reserve for Contingencies		4,557			1,306			3,250
Reserve for Reimbursement of Deposits		13,804			16,627			(2,823	)
Reserve for Reimbursement of Debentures		8,219			10,504			(2,284	)
Deferred Tax Liabilities for Revaluation Reserve for Land		59,499			59,962			(462	)
Acceptances and Guarantees		10,284,574			8,733,646			1,550,927

Total Liabilities		220,070,807			202,182,447			17,888,360

Net Assets
Common Stock and Preferred Stock		1,404,065			1,404,065			—
Capital Surplus		2,259,392			2,259,392			—
Capital Reserve		660,805			660,805			—
Other Capital Surplus		1,598,587			1,598,587			—
Retained Earnings		2,738,852			2,519,294			219,558
Appropriated Reserve		421,264			389,012			32,251
Other Retained Earnings		2,317,588			2,130,281			187,306
Retained Earnings Brought Forward		2,317,588			2,130,281			187,306

Total Shareholders’ Equity		6,402,310			6,182,751			219,558

Net Unrealized Gains (Losses) on Other Securities, net of Taxes		137,844			623,367			(485,523	)
Net Deferred Hedge Gains (Losses), net of Taxes		(245,712	)		(80,603	)		(165,109	)
Revaluation Reserve for Land, net of Taxes		131,108			132,156			(1,048	)

Total Valuation and Translation Adjustments		23,240			674,920			(651,680	)

Total Net Assets		6,425,550			6,857,672			(432,122	)

Total Liabilities and Net Assets	¥	226,496,358		¥	209,040,119		¥	17,456,238

2-14

Mizuho Bank, Ltd.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME

(selected items) OF MIZUHO BANK


	*Millions of yen*
	For the nine months ended December 31, 2022 (A)			For the nine months ended December 31, 2021 (B)			Change (A) - (B)
Ordinary Income	¥	2,452,241		¥	1,547,997		¥	904,243
Interest Income		1,711,852			802,959			908,893
Interest on Loans and Bills Discounted		1,075,050			564,812			510,238
Interest and Dividends on Securities		252,269			169,768			82,501
Fee and Commission Income		417,489			386,763			30,725
Trading Income		159			43,964			(43,805	)
Other Operating Income		230,724			140,929			89,795
Other Ordinary Income		92,015			173,381			(81,365	)

Ordinary Expenses		1,960,516			1,273,396			687,120
Interest Expenses		1,068,081			173,516			894,565
Interest on Deposits		467,139			22,482			444,656
Fee and Commission Expenses		132,135			109,965			22,169
Trading Expenses		6,827			—			6,827
Other Operating Expenses		104,467			66,430			38,036
General and Administrative Expenses		541,093			547,324			(6,230	)
Other Ordinary Expenses		107,909			376,158			(268,248	)

Ordinary Profits		491,724			274,601			217,123

Extraordinary Gains		40,014			59,471			(19,456	)

Extraordinary Losses		8,261			8,935			(674	)

Income before Income Taxes		523,478			325,137			198,341
Income Taxes:
Current		20,915			141,015			(120,100	)
Refund of Income Taxes		(9,271	)		(267	)		(9,003	)
Deferred		132,067			(26,129	)		158,197

Net Income	¥	379,767		¥	210,518		¥	169,249

2-15

Mizuho Trust & Banking Co., Ltd.

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)

OF MIZUHO TRUST & BANKING


	*Millions of yen*
	As of December 31, 2022 (A)			As of March 31, 2022 (B)			Change (A) - (B)
Assets
Cash and Due from Banks	¥	2,287,555		¥	1,923,672		¥	363,882
Guarantee Deposits Paid under Securities Borrowing Transactions		40,216			20,046			20,170
Other Debt Purchased		35,261			35,314			(53	)
Money Held in Trust		27,277			26,556			720
Securities		277,079			288,530			(11,451	)
Loans and Bills Discounted		3,137,456			3,192,348			(54,891	)
Foreign Exchange Assets		5,208			3,898			1,310
Other Assets		262,351			255,755			6,596
Tangible Fixed Assets		98,592			100,132			(1,539	)
Intangible Fixed Assets		18,651			21,728			(3,076	)
Prepaid Pension Cost		69,526			66,607			2,918
Customers’ Liabilities for Acceptances and Guarantees		15,096			14,100			996
Reserves for Possible Losses on Loans		(2,309	)		(2,470	)		161

Total Assets	¥	6,271,965		¥	5,946,221		¥	325,744

Liabilities
Deposits	¥	2,609,748		¥	2,571,352		¥	38,395
Negotiable Certificates of Deposit		508,680			691,880			(183,200	)
Call Money		707,777			603,990			103,787
Borrowed Money		300,000			300,000			—
Due to Trust Accounts		1,529,791			1,167,284			362,506
Other Liabilities		48,356			31,317			17,039
Reserve for Bonus Payments		27			2,741			(2,713	)
Reserve for Variable Compensation		184			272			(87	)
Provision for Retirement Benefits		2,903			4,935			(2,032	)
Reserve for Reimbursement of Deposits		778			992			(213	)
Reserve for Loss of Transfer		—			3,061			(3,061	)
Deferred Tax Liabilities		25,676			17,484			8,191
Acceptances and Guarantees		15,096			14,100			996

Total Liabilities		5,749,020			5,409,413			339,606

Net Assets
Common Stock and Preferred Stock		247,369			247,369			—
Capital Surplus		15,505			15,505			—
Capital Reserve		15,505			15,505			—
Retained Earnings		269,738			296,471			(26,733	)
Appropriated Reserve		159,891			150,297			9,593
Other Retained Earnings		109,847			146,174			(36,327	)
Retained Earnings Brought Forward		109,847			146,174			(36,327	)
Treasury Stock		(79,999	)		(79,999	)		—

Total Shareholders’ Equity		452,613			479,346			(26,733	)

Net Unrealized Gains (Losses) on Other Securities, net of Taxes		56,758			57,707			(949	)
Net Deferred Hedge Gains (Losses), net of Taxes		13,573			(246	)		13,820

Total Valuation and Translation Adjustments		70,332			57,460			12,871

Total Net Assets		522,945			536,807			(13,861	)

Total Liabilities and Net Assets	¥	6,271,965		¥	5,946,221		¥	325,744

2-16

Mizuho Trust & Banking Co., Ltd.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME

(selected items) OF MIZUHO TRUST & BANKING


	*Millions of yen*
	For the nine months ended December 31, 2022 (A)		For the nine months ended December 31, 2021 (B)		Change (A) - (B)
Ordinary Income	¥	116,752	¥	125,654	¥	(8,901	)
Fiduciary Income		44,007		45,212		(1,205	)
Interest Income		19,269		19,065		203
Interest on Loans and Bills Discounted		14,695		14,839		(144	)
Interest and Dividends on Securities		3,204		2,894		310
Fee and Commission Income		46,952		58,287		(11,335	)
Other Operating Income		13		277		(263	)
Other Ordinary Income		6,510		2,810		3,699

Ordinary Expenses		91,796		92,453		(657	)
Interest Expenses		4,881		5,446		(565	)
Interest on Deposits		145		230		(84	)
Fee and Commission Expenses		27,960		27,162		797
Trading Expenses		—		640		(640	)
Other Operating Expenses		221		9		212
General and Administrative Expenses		54,988		56,002		(1,013	)
Other Ordinary Expenses		3,743		3,192		551

Ordinary Profits		24,956		33,200		(8,244	)

Extraordinary Gains		5,222		7,742		(2,520	)

Extraordinary Losses		1,056		341		714

Income before Income Taxes		29,122		40,601		(11,479	)
Income Taxes:
Current		5,736		7,438		(1,701	)
Deferred		2,150		4,610		(2,460	)

Net Income	¥	21,234	¥	28,552	¥	(7,317	)

2-17

Mizuho Securities Co., Ltd.

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)

OF MIZUHO SECURITIES


	*Millions of yen*
	As of December 31, 2022 (A)			As of March 31, 2022 (B)			Change (A) - (B)
Assets
Current Assets
Cash and Bank Deposits	¥	611,994		¥	405,261		¥	206,732
Cash Segregated as Deposits for Customers and Others		533,216			541,274			(8,058	)
Trading Assets		10,059,485			6,921,502			3,137,982
Receivables—Unsettled Trades		—			145,887			(145,887	)
Operating Investment Securities		48,889			40,926			7,963
Operating Loans Receivable		2,121			—			2,121
Receivables Related to Margin Transactions		30,197			34,802			(4,605	)
Collateralized Short-Term Financing Agreements-Receivable		4,550,906			4,707,548			(156,642	)
Advances Paid		162			94			67
Securities: Fail to Deliver		48,243			32,415			15,827
Short-Term Loans Receivable		35,814			47,983			(12,169	)
Other Current Assets		833,359			700,334			133,025
Less: Allowance for Doubtful Accounts		(74	)		(79	)		4
Noncurrent Assets
Property and Equipment		18,471			18,742			(271	)
Intangible Assets		64,323			68,497			(4,174	)
Investments and Other Assets		403,009			304,034			98,975

Total Assets	¥	17,240,119		¥	13,969,227		¥	3,270,891

Liabilities
Current Liabilities
Trading Liabilities	¥	9,482,460		¥	5,356,537		¥	4,125,922
Payables—Unsettled Trades		187,901			—			187,901
Payables Related to Margin Transactions		40,081			50,556			(10,474	)
Collateralized Short-Term Financing Agreements-Payable		3,209,259			4,144,682			(935,422	)
Deposits Received		445,921			425,452			20,468
Guarantee Deposits Received		292,111			425,613			(133,502	)
Securities: Fail to Receive		8,352			7,083			1,269
Short-Term Borrowings		795,591			904,079			(108,487	)
Commercial Paper		474,000			490,500			(16,500	)
Bonds and Notes Due within One Year		293,752			148,768			144,984
Income Taxes Payable		271			2,515			(2,243	)
Accrued Employees’ Bonuses		9,712			25,379			(15,666	)
Provision for Variable Compensation		301			411			(109	)
Other Current Liabilities		37,357			46,970			(9,613	)
Noncurrent Liabilities
Bonds and Notes		666,689			753,870			(87,180	)
Long-Term Borrowings		647,500			580,000			67,500
Provision for Retirement Benefits		21,715			22,579			(863	)
Reserve for Loss of Transfer		916			1,541			(624	)
Other Noncurrent Liabilities		4,008			3,769			239
Statutory Reserves
Reserve for Financial Instruments Transaction Liabilities		3,132			3,132			0

Total Liabilities		16,621,037			13,393,441			3,227,595

Net Assets
Common Stock		125,167			125,167			—
Capital Surplus		400,249			381,649			18,600
Additional Paid—in Capital		285,831			285,831			—
Other Capital Surplus		114,417			95,817			18,600
Retained Earnings		392,800			425,554			(32,753	)
Other Retained Earnings		392,800			425,554			(32,753	)
Retained Earnings Brought Forward		392,800			425,554			(32,753	)
Treasury Stock		(308,599	)		(369,999	)		61,400

Total Shareholders’ Equity		609,617			562,371			47,246

Net Unrealized Gains on (Operating) Investment Securities, net of Tax		19,260			23,193			(3,933	)
Net Deferred Gains or Losses on Hedges, net of Tax		(9,795	)		(9,778	)		(16	)

Total Valuation and Translation Adjustments		9,464			13,415			(3,950	)

Total Net Assets		619,082			575,786			43,296

Total Liabilities and Net Assets	¥	17,240,119		¥	13,969,227		¥	3,270,891

2-18

Mizuho Securities Co., Ltd.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME

(selected items) OF MIZUHO SECURITIES


	*Millions of yen*
	For the nine months ended December 31, 2022 (A)			For the nine months ended December 31, 2021 (B)			Change (A) - (B)
Operating Revenues	¥	270,648		¥	294,305		¥	(23,656	)
Commissions		104,076			143,531			(39,455	)
Net Gain on Trading		70,419			103,367			(32,947	)
Net Gain on Operating Investment Securities		1,344			(2,066	)		3,411
Interest and Dividend Income		94,807			49,472			45,335

Interest Expenses		82,787			36,827			45,960

Net Operating Revenues		187,861			257,477			(69,616	)

Selling, General and Administrative Expenses		169,598			193,443			(23,845	)
Transaction-Related Expenses		40,987			55,609			(14,622	)
Personnel Expenses		61,552			72,994			(11,441	)
Real Estate Expenses		19,793			15,547			4,245
Administrative Expenses		29,653			29,164			489
Depreciation and Amortization		12,121			14,098			(1,977	)
Taxes and Dues		3,549			4,331			(782	)
Provision of Allowance for Doubtful Accounts		58			4			53
Other		1,881			1,692			189

Operating Income		18,262			64,034			(45,771	)

Non-Operating Income		2,120			2,700			(579	)
Non-Operating Expenses		101			440			(338	)

Ordinary Income		20,282			66,294			(46,012	)

Extraordinary Gain		4,088			1,068			3,019

Extraordinary Loss		11,771			3,813			7,958

Income before Income Taxes		12,598			63,549			(50,950	)
Income Taxes:
Current		970			8,992			(8,022	)
Deferred		(10,601	)		(1,110	)		(9,490	)

Net Income	¥	22,229		¥	55,666		¥	(33,436	)

2-19

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

Create E-mail Alert Related Categories

SEC Filings

Sign up for StreetInsider Free!

Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!

Form 6-K MIZUHO FINANCIAL GROUP For: Feb 02

You May Also Be Interested In

Create E-mail Alert Related Categories

Sign up for StreetInsider Free!

Free News Feed