Equibles

6-K

MIZUHO FINANCIAL GROUP INC (MFG)

6-K 2022-02-02 For: 2022-02-02
View Original
Added on April 05, 2026

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 2022

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NO. 333-233354) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.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, 2022
Mizuho Financial Group, Inc.
By: /s/ Makoto Umemiya
Name: Makoto Umemiya
Title: Senior Executive Officer / Group CFO

For Immediate Release:

Consolidated Financial Statements for the Third Quarter of Fiscal 2021<br><br><br>(Nine months ended December 31, 2021)<br><br><br>(Under Japanese GAAP)
Company Name: Mizuho Financial Group, Inc. (“MHFG”) February 2, 2022
--- --- ---
Stock Code Number (Japan): 8411
--- --- --- --- ---
Stock Exchange Listings: Tokyo Stock Exchange (First Section), New York Stock Exchange
URL: https://www.mizuhogroup.com
Representative: Masahiro Kihara President & Group CEO
For Inquiry: Tomomichi Fujita General Manager of Accounting Phone: +81-3-6838-6101
Filing of Shihanki Hokokusho (scheduled): February 14, 2022 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 2021 (for the nine months ended December 31, 2021)

(1) Consolidated Results of Operations (Accumulated Period)

(%: Changes from the corresponding period of the previous fiscal year)
Ordinary Income Ordinary Profits ProfitAttributable toOwners of Parent
million % million % million %
3Q F2021 1.3 10.8 35.0
3Q F2020 (21.6 ) (20.0 ) (12.2 )

All values are in Japanese Yen.

Note: Comprehensive Income:<br> <br>3Q F2021:<br>¥250,949 million, (56.4) %; 3Q F2020: ¥576,850 million, 94.0%
Net Incomeper Share ofCommon Stock Diluted Net Incomeper Share ofCommon Stock
--- --- ---
3Q F2021
3Q F2020

All values are in Japanese Yen.

(2) Consolidated Financial Conditions

Total Assets Total Net Assets Own Capital Ratio
million million %
3Q F2021 4.1
Fiscal 2020 4.1

All values are in Japanese Yen.

Reference: Own Capital:<br> <br>As of<br>December 31, 2021: ¥9,286,173 million; As of March 31, 2021: ¥9,256,275 million
Note: Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights -<br>Non-controlling Interests) / Total Assets × 100<br> <br>Own Capital Ratio stated above is not calculated based on the<br>public notice of Own Capital Ratio.
--- ---

2. Cash Dividends for Shareholders of Common Stock

Annual Cash Dividends per Share
FirstQuarter-end SecondQuarter-end ThirdQuarter-end FiscalYear-end Total
Fiscal 2020
Fiscal 2021
Fiscal 2021 (estimate)

All values are in Japanese Yen.

Notes: 1. Revision of the latest announced estimates for cash dividends for shareholders of common stock : No
2. MHFG conducted a share consolidation of common stock on the basis of one post-consolidation share per ten pre-consolidation shares effective as of October 1, 2020.<br> <br>The impact of the share consolidation is not reflected in<br>Cash Dividends per Share of Common Stock for the end of the second quarter of Fiscal 2020. If the share consolidation were taken into consideration, it would be ¥37.50 per share.<br><br><br>In addition, MHFG left the value of total annual dividend blank (—) as it is inappropriate simply to total the value of the dividend at the end of the<br>second quarter of Fiscal 2020 and the value of the dividend at the end of Fiscal 2020.

3. Consolidated Earnings Estimates for Fiscal 2021 (for the fiscal year ending March 31, 2022)

(%: Changes from the previous fiscal year)
ProfitAttributable toOwners ofParent Net Incomeper Share ofCommon Stock
million %
Fiscal 2021 12.5

All values are in Japanese Yen.

Notes: 1. Revision of the latest announced earnings estimates for Fiscal 2021: 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<br>December 31, 2021 (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<br>treasury stock): As of December 31, 2021 2,539,249,894 shares As of March 31, 2021 2,539,249,894 shares
ii.  Period-end treasury stock: As of December 31, 2021 4,627,426 shares As of March 31, 2021 3,889,782 shares
iii. Average outstanding shares (accumulated period): 3Q Fiscal 2021 2,534,973,142 shares 3Q Fiscal 2020 2,535,680,257 shares

This immediate release is outside the scope of quarterly review.

This immediate release contains statements that constituteforward-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 offuture performance.<br> <br>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 ourcurrent views with respect to future events and are subject to risks, uncertainties and assumptions.<br> <br>We may not be successful in implementing ourbusiness strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: impact of the corona virus pandemic; incurrence of significant credit-related costs; declines in the value ofour 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; impairmentof 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 tomaintain 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-YearBusiness 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; andchanges to applicable laws and regulations.<br> <br>Further information regarding factors that could affect our financial condition and results ofoperations 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. Securitiesand Exchange Commission (“SEC”) and our report on Form 6-K/A furnished to the SEC on December 29, 2021, both of which are available in the Financial Information section of our web page atwww.mizuhogroup.com and also at the SEC’s web site at www.sec.gov.<br> <br>We do not intend to update our forward-looking statements. We are under noobligation, 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<br>2021

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)

(Accounting Standard for Revenue Recognition and Others)

MHFG has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No.29, March 31, 2020) and others from the beginning of the first quarter ended June 30, 2021.

In accordance with “Accounting Standard for Revenue Recognition”, MHFG recognizes revenue at the time of the transfer of promised goods or services to the customer in an amount that reflects the consideration to which MHFG expects to be entitled in exchange for those goods or services.

In accordance with transitional treatment set out in the proviso of Article 84 of “Accounting Standard for Revenue Recognition”, the cumulative effects arising from the retroactive application of these new accounting policies to all the previous fiscal years were reflected in Retained Earnings as of April 1, 2021, and the new accounting policies are applied from the beginning of the fiscal year.

As a result, Retained Earnings decreased by ¥724 million as of April 1, 2021. The impact on the quarterly consolidated statement of income for the nine months ended December 31, 2021 is immaterial.

1-2

Mizuho Financial Group, Inc.

2. Quarterly Consolidated Financial Statements and Others

(1) Consolidated Balance Sheets

Millions of yen
As of<br>March 31, 2021 As of<br>December 31, 2021
Assets
Cash and Due from Banks ¥ 47,981,981 ¥ 45,704,859
Call Loans and Bills Purchased 589,776 514,665
Receivables under Resale Agreements 11,623,654 18,937,412
Guarantee Deposits Paid under Securities Borrowing Transactions 2,707,711 1,943,259
Other Debt Purchased 3,208,004 3,363,191
Trading Assets 12,589,294 12,422,209
Money Held in Trust 582,368 569,244
Securities 43,697,262 40,010,578
Loans and Bills Discounted 83,704,675 83,086,006
Foreign Exchange Assets 2,084,756 2,474,865
Derivatives other than for Trading Assets 1,719,349 1,534,822
Other Assets 6,174,020 5,043,282
Tangible Fixed Assets 1,135,449 1,105,251
Intangible Fixed Assets 620,224 595,827
Net Defined Benefit Asset 1,109,107 913,625
Deferred Tax Assets 31,402 33,613
Customers’ Liabilities for Acceptances and Guarantees 6,602,744 7,861,833
Reserves for Possible Losses on Loans (575,572 ) (689,454 )
Reserve for Possible Losses on Investments (0 ) (106 )
Total Assets ¥ 225,586,211 ¥ 225,424,989

1-3

Mizuho Financial Group, Inc.

Millions of yen
As of<br>March 31, 2021 As of<br>December 31, 2021
Liabilities
Deposits ¥ 133,312,406 ¥ 129,003,497
Negotiable Certificates of Deposit 17,192,572 19,285,594
Call Money and Bills Sold 1,312,790 1,386,684
Payables under Repurchase Agreements 18,607,255 22,033,092
Guarantee Deposits Received under Securities Lending Transactions 958,148 887,946
Commercial Paper 2,105,067 1,801,323
Trading Liabilities 8,115,377 6,802,673
Borrowed Money 7,441,822 7,629,722
Foreign Exchange Liabilities 532,042 569,000
Short-term Bonds 456,045 541,811
Bonds and Notes 10,321,672 10,567,749
Due to Trust Accounts 1,160,608 1,197,324
Derivatives other than for Trading Liabilities 1,739,671 1,778,836
Other Liabilities 5,862,013 4,378,626
Reserve for Bonus Payments 104,131 63,566
Reserve for Variable Compensation 2,935 1,521
Net Defined Benefit Liability 71,049 72,126
Reserve for Director and Corporate Auditor Retirement Benefits 683 515
Reserve for Possible Losses on Sales of Loans 1,074 155
Reserve for Contingencies 6,762 8,946
Reserve for Reimbursement of Deposits 22,099 18,859
Reserve for Reimbursement of Debentures 14,419 11,337
Reserves under Special Laws 3,135 3,127
Deferred Tax Liabilities 215,557 51,424
Deferred Tax Liabilities for Revaluation Reserve for Land 61,915 61,436
Acceptances and Guarantees 6,602,744 7,861,833
Total Liabilities ¥ 216,224,003 ¥ 216,018,735
Net Assets
Common Stock ¥ 2,256,767 ¥ 2,256,767
Capital Surplus 1,135,940 1,125,324
Retained Earnings 4,421,655 4,703,422
Treasury Stock (7,124 ) (8,246 )
Total Shareholders’ Equity 7,807,239 8,077,267
Net Unrealized Gains (Losses) on Other Securities 1,132,460 976,402
Deferred Gains or Losses on Hedges 31,618 (53,315 )
Revaluation Reserve for Land 136,384 135,497
Foreign Currency Translation Adjustments (139,514 ) (58,029 )
Remeasurements of Defined Benefit Plans 288,088 208,351
Total Accumulated Other Comprehensive Income 1,449,035 1,208,906
Stock Acquisition Rights 134 95
Non-Controlling Interests 105,797 119,985
Total Net Assets 9,362,207 9,406,254
Total Liabilities and Net Assets ¥ 225,586,211 ¥ 225,424,989

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 monthsended<br>December 31, 2020 For the nine monthsended<br>December 31, 2021
Ordinary Income ¥ 2,313,082 ¥ 2,345,453
Interest Income 990,731 932,956
Interest on Loans and Bills Discounted 707,462 639,491
Interest and Dividends on Securities 171,768 179,667
Fiduciary Income 40,582 44,755
Fee and Commission Income 590,013 648,856
Trading Income 340,662 275,516
Other Operating Income 237,125 239,665
Other Ordinary Income 113,966 203,702
Ordinary Expenses 1,864,213 1,847,796
Interest Expenses 341,112 218,683
Interest on Deposits 114,571 42,572
Fee and Commission Expenses 118,590 127,687
Trading Expenses 9,278 —
Other Operating Expenses 110,581 99,907
General and Administrative Expenses 1,022,627 1,010,145
Other Ordinary Expenses 262,022 391,372
Ordinary Profits 448,868 497,656
Extraordinary Gains 79,434 67,229
Extraordinary Losses 9,876 9,779
Income before Income Taxes 518,426 555,106
Income Taxes:
Current 120,499 94,709
Deferred 39,049 (27,757 )
Total Income Taxes 159,549 66,951
Profit 358,876 488,154
Profit Attributable to Non-controllingInterests 4,471 9,497
Profit Attributable to Owners of Parent ¥ 354,404 ¥ 478,656

1-5

Mizuho Financial Group, Inc.

Consolidated Statements of Comprehensive Income

Millions of yen
For the nine monthsended<br>December 31, 2020 For the nine monthsended<br>December 31, 2021
Profit ¥ 358,876 ¥ 488,154
Other Comprehensive Income 217,974 (237,204 )
Net Unrealized Gains (Losses) on Other Securities 304,311 (154,295 )
Deferred Gains or Losses on Hedges (19,166 ) (84,735 )
Foreign Currency Translation Adjustments (48,477 ) 72,084
Remeasurements of Defined Benefit Plans (16,271 ) (78,465 )
Share of Other Comprehensive Income of Associates Accounted<br><br><br>for Using Equity Method (2,421 ) 8,207
Comprehensive Income 576,850 250,949
(Breakdown)
Comprehensive Income Attributable to Owners of Parent 576,454 240,222
Comprehensive Income Attributable to Non-controlling<br>Interests 396 10,726

1-6

Mizuho Financial Group, Inc.

(3) Note for Assumption of Going Concern

There is no applicable information.

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

There is no applicable information.

1-7

SELECTED FINANCIAL INFORMATION

For the Third Quarter of Fiscal 2021

(Nine months ended December 31, 2021)

(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 2021 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 2-6
5. Status of Non Performing Loans based on the Financial Reconstruction Act<br>(“FRA”) CON NON 2-7
6. Status of Deposits and Loans NON 2-9
Attachments Page
Mizuho Bank, Ltd.
Comparison of Non-Consolidated Balance Sheets (selected<br>items) 2-11
Comparison of Non-Consolidated Statements of Income<br>(selected items) 2-12
Mizuho Trust & Banking Co., Ltd.
Comparison of Non-Consolidated Balance Sheets (selected<br>items) 2-13
Comparison of Non-Consolidated Statements of Income<br>(selected items) 2-14
Mizuho Securities Co., Ltd.
Comparison of Non-Consolidated Balance Sheets (selected<br>items) 2-15
Comparison of Non-Consolidated Statements of Income<br>(selected items) 2-16

This immediate release contains statements that constitute forward-looking statements within the meaning of the United States Private Securities LitigationReform 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 inrelation 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 andare subject to risks, uncertainties and assumptions.

We may not be successful in implementing our business strategies, and management may fail toachieve its targets, for a wide range of possible reasons, including, without limitation: impact of the corona virus pandemic; incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interestrates; 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 andmeet 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 strategicinitiatives 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. KeyInformation-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 ourreport on Form 6-K furnished to the SEC on December 29, 2021, both of which are available in the Financial Information section of our web page atwww.mizuho-fg.com/index.html and also at the SEC’s web site at www.sec.gov.

We do not intend toupdate 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 therules of the Tokyo Stock Exchange.

Mizuho Financial Group, Inc.

FINANCIAL INFORMATION FOR THE THIRD QUARTER OF FISCAL 2021

1. Income Analysis

Consolidated

(Billions of yen)
Third Quarter of Fiscal 2021<br>(Accumulated Period) Third Quarter of Fiscal 2020<br>(Accumulated Period)
Change
Consolidated Gross Profits 1 **** 1,695.4 **** 75.9 1,619.5
Net Interest Income 2 **** 714.2 **** 64.6 649.6
Fiduciary Income 3 **** 44.7 **** 4.1 40.5
Credit Costs for Trust Accounts 4 **** — **** — —
Net Fee and Commission Income 5 **** 521.1 **** 49.7 471.4
Net Trading Income 6 **** 275.5 **** (55.8 ) 331.3
Net Other Operating Income 7 **** 139.7 **** 13.2 126.5
General and Administrative Expenses 8 **** (1,010.1 ) 12.4 (1,022.6 )
Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for<br>Losses on Loans) 9 **** (160.3 ) (56.3 ) (103.9 )
Gains on Reversal of Reserves for Possible Losses on Loans, and others 10 **** 12.3 **** 6.6 5.7
Net Gains (Losses) related to Stocks 11 **** (29.8 ) 0.9 (30.8 )
Equity in Income from Investments in Affiliates 12 **** 23.3 **** 6.2 17.1
Other 13 **** (33.2 ) 2.9 (36.2 )
Ordinary Profits 14 **** 497.6 **** 48.7 448.8
Net Extraordinary Gains (Losses) 15 **** 57.4 **** (12.1 ) 69.5
Income before Income Taxes 16 **** 555.1 **** 36.6 518.4
Income Taxes 17 **** (66.9 ) 92.5 (159.5 )
Profit 18 **** 488.1 **** 129.2 358.8
Profit Attributable to Non-controlling Interests 19 **** (9.4 ) (5.0 ) (4.4 )
Profit Attributable to Owners of Parent 20 **** 478.6 **** 124.2 354.4
Credit-related Costs (including Credit Costs for Trust Accounts) 21 **** (147.9 ) (49.7 ) (98.1 )
Credit-related Costs [21] = Expenses related to Portfolio Problems (including Reversal of (Provision for)<br>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 22 680.7 72.3 608.4
Consolidated Net Business Profits [22] = Consolidated Gross Profits [1] - General and Administrative Expenses<br>(excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments
Number of consolidated subsidiaries 23 161 9 152
Number of affiliates under the equity method 24 24 (2 ) 26

2-1

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregate Figures for the 2 Banks

(Billions of yen)
Third Quarter of Fiscal 2021(Accumulated Period) Third Quarter of Fiscal 2020<br>(Accumulated Period)
MHBK MHTB Aggregate<br>Figures Change
Gross Profits 1 **** 1,024.7 **** **** 89.5 **** **** 1,114.2 **** 30.8 1,083.4
Net Interest Income 2 **** 629.4 **** **** 13.6 **** **** 643.0 **** 64.5 578.4
Fiduciary Income 3 **** 45.2 **** **** 45.2 **** 4.1 41.0
Trust Fees for Jointly Operated Designated Money Trust 4 **** 2.9 **** **** 2.9 **** (0.0 ) 3.0
Credit Costs for Trust Accounts 5 **** — **** **** — **** — —
Net Fee and Commission Income 6 **** 276.7 **** **** 31.1 **** **** 307.9 **** (3.9 ) 311.8
Net Trading Income 7 **** 43.9 **** **** (0.6 ) **** 43.3 **** (48.7 ) 92.0
Net Other Operating Income 8 **** 74.4 **** **** 0.2 **** **** 74.7 **** 14.7 59.9
General and Administrative Expenses<br><br><br>(excluding Non-Recurring Losses) 9 **** (574.0 ) **** (59.7 ) **** (633.8 ) 23.5 (657.3 )
Net Business Profits (before Reversal of (Provision for)<br><br><br>General Reserve for Losses on Loans)^(1)^ 10 **** 450.6 **** **** 29.8 **** **** 480.4 **** 54.3 426.1
Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from<br>core business areas^(2)^ 11 **** 417.2 **** **** 29.8 **** **** 447.0 **** 60.8 386.2
Excluding Net Gains (Losses) from redemption of<br><br><br>Investment Trusts 12 **** 406.2 **** **** 29.8 **** **** 436.0 **** 56.9 379.0
Reversal of (Provision for) General Reserve for Losses on Loans 13 **** 114.2 **** **** (0.7 ) **** 113.5 **** 178.7 (65.2 )
Net Business Profits 14 **** 564.9 **** **** 29.0 **** **** 593.9 **** 233.0 360.9
Net Gains (Losses) related to Bonds 15 **** 33.3 **** **** 0.0 **** **** 33.3 **** (6.4 ) 39.8
Net Non-Recurring Gains (Losses) 16 **** (290.3 ) **** 4.1 **** **** (286.1 ) (193.7 ) (92.4 )
Net Gains (Losses) related to Stocks 17 **** (32.0 ) **** 1.4 **** **** (30.5 ) 11.0 (41.6 )
Expenses related to Portfolio Problems 18 **** (273.6 ) **** (0.0 ) **** (273.7 ) (237.6 ) (36.0 )
Gains on Reversal of Reserves for Possible Losses on Loans, and others 19 **** 11.4 **** **** 0.0 **** **** 11.4 **** 6.0 5.3
Other 20 **** 3.8 **** **** 2.7 **** **** 6.6 **** 26.8 (20.1 )
Ordinary Profits 21 **** 274.6 **** **** 33.2 **** **** 307.8 **** 39.3 268.4
Net Extraordinary Gains (Losses) 22 **** 50.5 **** **** 7.4 **** **** 57.9 **** (3.8 ) 61.8
Income before Income Taxes 23 **** 325.1 **** **** 40.6 **** **** 365.7 **** 35.4 330.2
Income Taxes 24 **** (114.6 ) **** (12.0 ) **** (126.6 ) (14.9 ) (111.6 )
Net Income 25 **** 210.5 **** **** 28.5 **** **** 239.0 **** 20.4 218.5
(1)   Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)<br>for MHTB excludes the amounts of “Credit Costs for Trust Accounts” [5].<br> <br>(2)   Net<br>Business Profits (before Reversal of (Provision for) General Reverse for Losses on Loans) from core business areas[11]<br> <br>=Net Business<br>Profits (before Reversal of (Provision for) General Reverse for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15]
Credit-related Costs 26 **** (147.8 ) **** (0.8 ) **** (148.7 ) (52.8 ) (95.8 )
Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision<br>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 **** 114.2 **** **** (0.7 ) **** 113.5 **** 178.4 (64.9 )
Losses on Write-offs of Loans 29 **** 3.0 **** **** (0.0 ) **** 2.9 **** 8.6 (5.6 )
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans 30 **** (265.0 ) **** (0.0 ) **** (265.0 ) (239.7 ) (25.3 )
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring<br>Countries 31 **** 0.1 **** **** — **** **** 0.1 **** 0.1 (0.0 )
Reversal of (Provision for) Reserve for Contingencies 32 **** (0.0 ) **** — **** **** (0.0 ) (1.6 ) 1.6
Other (including Losses on Sales of Loans) 33 **** (0.2 ) **** — **** **** (0.2 ) 1.1 (1.4 )
Total 34 **** (147.8 ) **** (0.8 ) **** (148.7 ) (52.8 ) (95.8 )

2-2

Mizuho Financial Group, Inc.

2. Net Gains/Losses on Stocks

Consolidated

(Billions of yen)
Third Quarter ofFiscal 2021<br>(Accumulated Period) Third Quarter ofFiscal 2020<br>(Accumulated Period)
**** Change
Net Gains (Losses) related to Stocks **** (29.8 ) 0.9 (30.8 )
Gains on Sales **** 160.7 **** 76.1 84.5
Losses on Sales **** (123.5 ) (96.2 ) (27.3 )
Impairment (Devaluation) **** (39.7 ) 21.1 (60.8 )
Reversal of (Provision for) Reserve for Possible Losses on Investments **** (0.1 ) (0.1 ) —
Gains (Losses) on Derivatives other than for Trading **** (27.0 ) 0.0 (27.1 )
Non-Consolidated
Aggregate Figures for the 2 Banks Third Quarter of<br>Fiscal 2021<br>(Accumulated Period) Third Quarter of<br>Fiscal 2020<br>(Accumulated Period)
Change
Net Gains (Losses) related to Stocks **** (30.5 ) 11.0 (41.6 )
Gains on Sales **** 155.9 **** 81.8 74.0
Losses on Sales **** (120.3 ) (95.6 ) (24.6 )
Impairment (Devaluation) **** (38.9 ) 24.7 (63.7 )
Reversal of (Provision for) Reserve for Possible Losses on Investments **** (0.1 ) 0.0 (0.1 )
Gains (Losses) on Derivatives other than for Trading **** (27.0 ) 0.0 (27.1 )
Mizuho Bank Third Quarter of<br>Fiscal 2021<br>(Accumulated Period) Third Quarter of<br>Fiscal 2020<br>(Accumulated Period)
Change
Net Gains (Losses) related to Stocks **** (32.0 ) 8.1 (40.2 )
Gains on Sales **** 154.2 **** 88.7 65.5
Losses on Sales **** (120.3 ) (98.8 ) (21.4 )
Impairment (Devaluation) **** (38.8 ) 22.6 (61.4 )
Reversal of (Provision for) Reserve for Possible Losses on Investments **** (0.1 ) 0.0 (0.1 )
Gains (Losses) on Derivatives other than for Trading **** (27.0 ) (4.3 ) (22.7 )
Mizuho Trust & Banking Third Quarter of<br>Fiscal 2021<br>(Accumulated Period) Third Quarter of<br>Fiscal 2020<br>(Accumulated Period)
Change
Net Gains (Losses) related to Stocks **** 1.4 **** 2.8 (1.4 )
Gains on Sales **** 1.6 **** (6.8 ) 8.5
Losses on Sales **** (0.0 ) 3.1 (3.2 )
Impairment (Devaluation) **** (0.1 ) 2.0 (2.2 )
Reversal of (Provision for) Reserve for Possible Losses on Investments **** — **** — —
Gains (Losses) on Derivatives other than for Trading **** — **** 4.4 (4.4 )

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.<br>

Consolidated

(1) Other Securities

(Billions of yen)
As of December 31, 2021 As of March 31, 2021 As of September 30, 2021 (Reference)
Book Value Unrealized Gains/Losses Book Value Unrealized Gains/Losses Book Value Unrealized Gains/Losses
MHFG(Consolidated) (=Fair Value) Gains Losses (=Fair Value) Gains Losses (=Fair Value) Gains Losses
**** 38,096.8 **** 1,366.9 **** **** 1,748.5 **** 381.5 42,534.8 1,603.2 1,989.8 386.5 41,930.3 1,627.1 1,986.5 359.3
**** 2,695.6 **** 1,575.4 **** **** 1,618.7 **** 43.2 2,865.9 1,698.2 1,744.6 46.3 2,933.1 1,734.5 1,780.9 46.4
**** 20,461.1 **** (32.2 ) **** 20.1 **** 52.3 24,145.0 (44.9 ) 24.7 69.7 22,433.9 (35.1 ) 22.0 57.1
**** 16,886.0 **** (20.8 ) **** 2.7 **** 23.6 20,920.5 (31.7 ) 3.5 35.3 19,003.0 (24.3 ) 1.1 25.4
**** 14,940.0 **** (176.2 ) **** 109.6 **** 285.9 15,523.8 (50.0 ) 220.4 270.4 16,563.3 (72.2 ) 183.5 255.8
**** 12,112.7 **** (164.5 ) **** 3.3 **** 167.9 12,433.9 (33.0 ) 66.6 99.6 13,489.3 (47.7 ) 58.1 105.8
*   In addition to “Securities” on the consolidated balance sheets, NCDs in “Cash and<br>Due from Banks,” certain items in “Other Debt Purchased” and certain items in “Other Assets” are also included.<br>*   Unrealized Gains/Losses include 25.3 billion, 38.0 billion and<br>32.4 billion, which were recognized in the statement of income for December 31, 2021, September 30, 2021 and March 31, 2021, respectively, by applying the fair-value hedge method.<br>  (2) Bonds Held to Maturity
(Billions of yen)
As of December 31, 2021 As of March 31, 2021 As of September 30, 2021 (Reference)
Book Value Unrealized Gains/Losses Book Value Unrealized Gains/Losses Book Value Unrealized Gains/Losses
Gains Losses Gains Losses Gains Losses
MHFG (Consolidated) **** 1,458.8 **** (1.1 ) **** 12.4 **** 13.6 885.5 18.0 21.2 3.1 1,394.1 9.4 15.8 6.4
Non-Consolidated  <br>Aggregate Figures for the 2 Banks  <br>(1) Other Securities
(Billions of yen)
As of December 31, 2021 As of March 31, 2021 As of September 30, 2021 (Reference)
Book Value Unrealized Gains/Losses Book Value Unrealized Gains/Losses Book Value Unrealized Gains/Losses
MHBK (=Fair Value) Gains Losses (=Fair Value) Gains Losses (=Fair Value) Gains Losses
**** 36,702.8 **** 1,207.0 **** **** 1,586.9 **** 379.9 41,113.3 1,441.2 1,826.4 385.1 40,438.6 1,457.7 1,815.0 357.2
**** 2,445.7 **** 1,418.7 **** **** 1,461.1 **** 42.3 2,625.6 1,539.5 1,585.8 46.3 2,673.3 1,568.3 1,613.4 45.1
**** 20,357.0 **** (33.0 ) **** 19.2 **** 52.3 24,010.6 (45.8 ) 23.8 69.7 22,298.2 (36.0 ) 21.0 57.0
**** 16,874.8 **** (20.8 ) **** 2.7 **** 23.6 20,879.3 (31.7 ) 3.5 35.2 18,961.8 (24.3 ) 1.1 25.4
**** 13,899.9 **** (178.6 ) **** 106.5 **** 285.2 14,477.0 (52.4 ) 216.7 269.1 15,467.0 (74.5 ) 180.5 255.0
**** 11,655.6 **** (164.6 ) **** 2.4 **** 167.1 12,031.1 (32.5 ) 65.8 98.3 13,019.1 (47.9 ) 57.1 105.1
MHTB
**** 250.9 **** 82.3 **** **** 85.5 **** 3.1 275.1 86.3 88.6 2.2 290.6 89.6 93.1 3.5
**** 160.8 **** 81.1 **** **** 84.2 **** 3.0 154.2 85.0 87.3 2.2 169.2 88.3 91.8 3.4
**** 84.2 **** 0.8 **** **** 0.8 **** 0.0 114.8 0.9 0.9 0.0 115.6 0.8 0.9 0.0
**** — **** — **** **** — **** — 30.0 (0.0 ) — 0.0 30.0 (0.0 ) — 0.0
**** 5.7 **** 0.4 **** **** 0.4 **** 0.0 6.0 0.3 0.3 0.0 5.8 0.3 0.3 0.0
**** — **** — **** **** — **** — — — — — — — — —
Total
**** 36,953.7 **** 1,289.3 **** **** 1,672.4 **** 383.0 41,388.5 1,527.5 1,915.0 387.4 40,729.3 1,547.4 1,908.2 360.8
**** 2,606.6 **** 1,499.8 **** **** 1,545.3 **** 45.4 2,779.8 1,624.5 1,673.1 48.5 2,842.6 1,656.6 1,705.2 48.6
**** 20,441.3 **** (32.2 ) **** 20.1 **** 52.3 24,125.5 (44.9 ) 24.7 69.7 22,413.8 (35.1 ) 22.0 57.1
**** 16,874.8 **** (20.8 ) **** 2.7 **** 23.6 20,909.3 (31.7 ) 3.5 35.3 18,991.8 (24.3 ) 1.1 25.4
**** 13,905.7 **** (178.2 ) **** 106.9 **** 285.2 14,483.0 (52.0 ) 217.0 269.1 15,472.8 (74.1 ) 180.9 255.0
**** 11,655.6 **** (164.6 ) **** 2.4 **** 167.1 12,031.1 (32.5 ) 65.8 98.3 13,019.1 (47.9 ) 57.1 105.1
*   In addition to “Securities” on the balance sheets, NCDs in “Cash and Due from<br>Banks” and certain items in “Other Debt Purchased” are also included.<br>*   Unrealized Gains/Losses include 25.3 billion, 38.0 billion and<br>32.4 billion, which were recognized in the statement of income (aggregate figures for the 2 banks) for December 31, 2021, September 30, 2021 and March 31, 2021 respectively, by applying the fair-value hedge method.

All values are in Japanese Yen.

2-4

Mizuho Financial Group, Inc.

(2) Bonds Held to Maturity

(Billions of yen)
As of December 31, 2021 As of March 31, 2021 As of September 30, 2021 (Reference)
Unrealized Gains/Losses Unrealized Gains/Losses Unrealized Gains/Losses
Book Value Gains Losses Book Value Gains Losses Book Value Gains Losses
MHBK **** 1,458.8 **** (1.1 ) **** 12.4 **** 13.6 885.5 18.0 21.2 3.1 1,394.1 9.4 15.8 6.4
MHTB **** — **** — **** **** — **** — — — — — — — — —
Total **** 1,458.8 **** (1.1 ) **** 12.4 **** 13.6 885.5 18.0 21.2 3.1 1,394.1 9.4 15.8 6.4
(3) Investments in Subsidiaries andAffiliates
(Billions of yen)
As of December 31, 2021 As of March 31, 2021 As of September 30, 2021 (Reference)
Unrealized Gains/Losses Unrealized Gains/Losses Unrealized Gains/Losses
Book Value Gains Losses Book Value Gains Losses Book Value Gains Losses
MHBK **** 135.7 **** 226.5 **** **** 226.8 **** 0.3 135.7 286.5 286.5 0.0 135.7 311.8 311.9 0.1
MHTB **** — **** — **** **** — **** — — — — — — — — —
Total **** 135.7 **** 226.5 **** **** 226.8 **** 0.3 135.7 286.5 286.5 0.0 135.7 311.8 311.9 0.1

(Reference)

Unrealized Gains/Losses on Other Securities

(thebase 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 method. 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, 2021 As ofMarch 31,2021 As ofSeptember 30,2021(Reference)
Unrealized Gains/Losses Unrealized<br>Gains/Losses Unrealized<br>Gains/Losses
Change
Other Securities **** 1,341.5 **** (229.1 ) 1,570.7 1,589.0
Japanese Stocks **** 1,550.1 **** (115.6 ) 1,665.7 1,696.4
Japanese Bonds **** (32.2 ) 12.7 (44.9 ) (35.1 )
Japanese Government Bonds **** (20.8 ) 10.8 (31.7 ) (24.3 )
Other **** (176.2 ) (126.2 ) (50.0 ) (72.2 )
Foreign Bonds **** (164.5 ) (131.5 ) (33.0 ) (47.7 )
Non-Consolidated<br><br><br><br> <br>Aggregate Figures for the 2 Banks
(Billions of yen)
As of December 31, 2021 As ofMarch 31,2021 As ofSeptember 30,2021(Reference)
Unrealized Gains/Losses Unrealized<br>Gains/Losses Unrealized<br>Gains/Losses
Change
Other Securities **** 1,264.0 **** (231.0 ) 1,495.0 1,509.3
Japanese Stocks **** 1,474.5 **** (117.5 ) 1,592.0 1,618.6
Japanese Bonds **** (32.2 ) 12.7 (44.9 ) (35.1 )
Japanese Government Bonds **** (20.8 ) 10.8 (31.7 ) (24.3 )
Other **** (178.2 ) (126.1 ) (52.0 ) (74.1 )
Foreign Bonds **** (164.6 ) (132.0 ) (32.5 ) (47.9 )

2-5

Mizuho Financial Group, Inc.

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

Non-Consolidated

Aggregate Figures for the 2 Banks

(Billions of yen)
As of December 31, 2021 As of March 31, 2021 As of September 30, 2021 (Reference)
Deferred Hedge Gains/Losses Deferred Hedge Gains/Losses Deferred Hedge Gains/Losses
Gains Losses Gains Losses Gains Losses
MHBK **** 1,066.2 **** 1,143.4 (77.2 ) 1,168.8 1,125.5 43.2 1,097.4 1,097.3 0.0
MHTB **** 10.7 **** 16.0 (5.2 ) 9.6 13.3 (3.7 ) 10.0 16.8 (6.8 )
Total **** 1,076.9 **** 1,159.5 (82.5 ) 1,178.4 1,138.9 39.5 1,107.4 1,114.2 (6.7 )

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

2-6

Mizuho Financial Group, Inc.

5. Status of Non Performing Loans based on the Financial ReconstructionAct(“FRA”)

Consolidated

(Billions of yen)
As of<br>December 31,2021 Change As ofMarch 31,2021 As of<br>September 30,2021<br>(Reference)
Claims against Bankrupt and Substantially Bankrupt Obligors **** 48.8 (6.6 ) 55.5 54.3
Claims with Collection Risk **** 703.6 293.9 409.7 327.0
Claims for Special Attention **** 376.2 (1.3 ) 377.5 458.2
Sub-total[1] **** 1,128.7 285.9 842.8 839.6
Normal Claims **** 93,910.2 723.4 93,186.7 92,186.2
Total[2] **** 95,039.0 1,009.3 94,029.6 93,025.8
(%)
NPL ratio[1]/[2] **** 1.18 0.29 0.89 0.90
Above figures are presented net of partial direct write-offs.
Trust Account
(Billions of yen)
As of<br>December 31,2021 Change As ofMarch 31,2021 As of<br>September 30,2021<br>(Reference)
Claims against Bankrupt and Substantially Bankrupt Obligors **** — — — —
Claims with Collection Risk **** — — — —
Claims for Special Attention **** — — — —
Sub-total[3] **** — — — —
Normal Claims **** 4.1 (0.6 ) 4.7 4.2
Total[4] **** 4.1 (0.6 ) 4.7 4.2
(%)
NPL ratio[3]/[4] **** — — — —
Consolidated + Trust Account
(Billions of yen)
As of<br>December 31,2021 Change As ofMarch 31,2021 As of<br>September 30,2021<br>(Reference)
Claims against Bankrupt and Substantially Bankrupt Obligors **** 48.8 (6.6 ) 55.5 54.3
Claims with Collection Risk **** 703.6 293.9 409.7 327.0
Claims for Special Attention **** 376.2 (1.3 ) 377.5 458.2
Sub-total[5] **** 1,128.7 285.9 842.8 839.6
Normal Claims **** 93,914.4 722.8 93,191.5 92,190.5
Total[6] **** 95,043.1 1,008.7 94,034.4 93,030.1
(%)
NPL ratio[5]/[6] **** 1.18 0.29 0.89 0.90

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

2-7

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregate Figures for the 2 Banks

(Banking Account +Trust Account)

(Billions of yen)
As of<br>December 31,2021 Change As ofMarch 31,2021 As of<br>September 30,2021<br>(Reference)
Claims against Bankrupt and Substantially Bankrupt Obligors **** 38.5 (10.1 ) 48.7 43.5
Claims with Collection Risk **** 705.7 294.6 411.0 327.2
Claims for Special Attention **** 338.5 5.5 333.0 418.4
Sub-total[1] **** 1,082.8 290.0 792.7 789.2
Normal Claims **** 95,413.4 269.0 95,144.3 93,455.4
Total[2] **** 96,496.2 559.1 95,937.1 94,244.7
(%)
NPL ratio[1]/[2] **** 1.12 0.29 0.82 0.83
Above figures are presented net of partial direct write-offs.
Mizuho Bank
(Billions of yen)
Claims against Bankrupt and Substantially Bankrupt Obligors **** 38.1 (10.2 ) 48.4 43.3
Claims with Collection Risk **** 701.0 296.4 404.6 322.4
Claims for Special Attention **** 337.2 4.7 332.5 417.1
Sub-total[3] **** 1,076.5 290.8 785.6 782.9
Normal Claims **** 92,193.8 424.9 91,768.8 90,261.9
Total[4] **** 93,270.3 715.8 92,554.5 91,044.9
(%)
NPL ratio[3]/[4] **** 1.15 0.30 0.84 0.85
Above figures are presented net of partial direct write-offs.
Mizuho Trust & Banking
(Banking Account)
(Billions of yen)
Claims against Bankrupt and Substantially Bankrupt Obligors **** 0.4 0.1 0.2 0.2
Claims with Collection Risk **** 4.6 (1.7 ) 6.4 4.7
Claims for Special Attention **** 1.2 0.8 0.4 1.2
Sub-total[5] **** 6.3 (0.8 ) 7.1 6.3
Normal Claims **** 3,215.4 (155.2 ) 3,370.6 3,189.1
Total[6] **** 3,221.7 (156.1 ) 3,377.8 3,195.4
(%)
NPL ratio[5]/[6] **** 0.19 (0.01 ) 0.21 0.19
Above figures are presented net of partial direct write-offs.
(Trust Account)
(Billions of yen)
Claims against Bankrupt and Substantially Bankrupt Obligors **** — — — —
Claims with Collection Risk **** — — — —
Claims for Special Attention **** — — — —
Sub-total[7] **** — — — —
Normal Claims **** 4.1 (0.6 ) 4.7 4.2
Total[8] **** 4.1 (0.6 ) 4.7 4.2
(%)
NPL ratio[7]/[8] **** — — — —

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

2-8

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 ofDecember 31, 2021 Change As of<br>March 31, 2021 As of<br>September 30, 2021<br>(Reference)
MHBK **** 124,013.3 (4,265.6 ) 128,279.0 124,153.0
MHTB **** 2,665.9 (213.9 ) 2,879.9 2,664.7
Total **** 126,679.3 (4,479.6 ) 131,158.9 126,817.8

(1)-2 Domestic Deposits

Aggregate Figures for the 2 Banks

(Billions of yen)
As ofDecember 31, 2021 Change As of<br>March 31, 2021 As of<br>September 30, 2021<br>(Reference)
MHBK **** 103,532.9 (4,630.4 ) 108,163.3 104,960.2
Individual deposits 47,488.5 996.9 46,491.5 46,870.1
MHTB **** 2,665.9 (213.9 ) 2,879.9 2,664.7
Individual deposits 823.4 (6.6 ) 830.1 832.6
Total **** 106,198.9 (4,844.4 ) 111,043.3 107,624.9
Individual deposits 48,311.9 990.3 47,321.6 47,702.7

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 ofDecember 31, 2021 Change As of<br>March 31, 2021 As of<br>September 30, 2021<br>(Reference)
MHBK **** 81,179.9 (894.6 ) 82,074.5 80,080.8
MHTB **** 3,205.2 (157.0 ) 3,362.2 3,179.3
Total **** 84,385.1 (1,051.6 ) 85,436.8 83,260.1

Note: Loans to MHFG are included as follows:

As of December 31, 2021: ¥700.0 billion (from MHBK)

As of September 30, 2021: ¥590.0 billion (from MHBK)

As of March 31, 2021: ¥850.0 billion (from MHBK)

2-9

Mizuho Financial Group, Inc.

(3) Interest Margins (Domestic Operations)

(%)
Third Quarter of<br>Fiscal 2021(Accumulated Period) Third Quarter of<br>Fiscal 2020(Accumulated Period)
Mizuho Bank Change
Return on Loans and Bills Discounted 1 **** 0.74 0.02 0.72
Cost of Deposits 2 **** 0.00 (0.00 ) 0.00
Loan and Deposit Rate Margin [1]-[2] 3 **** 0.74 0.02 0.71
Notes: 1.<br>Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).<br> <br>2. Deposits<br>include NCDs.
(Reference) After excluding Loans to the Japanese government and others
Return on Loans and Bills Discounted 4 **** 0.76 0.01 0.74
Loan and Deposit Rate Margin [4]-[2] 5 **** 0.75 0.01 0.74
(%)
Third Quarter of<br>Fiscal 2021(Accumulated Period) Third Quarter of<br>Fiscal 2020(Accumulated Period)
Mizuho Trust & Banking Change
Return on Loans and Bills Discounted 6 **** 0.59 0.01 0.57
Cost of Deposits 7 **** 0.01 (0.00 ) 0.01
Loan and Deposit Rate Margin [6]-[7] 8 **** 0.58 0.01 0.56
Notes: 1.<br>Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).<br> <br>2. Deposits<br>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<br>Fiscal 2021(Accumulated Period) Third Quarter of<br>Fiscal 2020(Accumulated Period)
Aggregate Figures for the 2 Banks Change
Return on Loans and Bills Discounted 11 **** 0.73 0.02 0.71
Cost of Deposits 12 **** 0.00 (0.00 ) 0.00
Loan and Deposit Rate Margin [11]-[12] 13 **** 0.73 0.02 0.71
Notes: 1.<br>Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).<br> <br>2. Deposits<br>include NCDs.
(Reference) After excluding Loans to the Japanese government and others
Return on Loans and Bills Discounted 14 **** 0.75 0.01 0.73
Loan and Deposit Rate Margin [14]-[12] 15 **** 0.74 0.01 0.73

2-10

Mizuho Bank, Ltd.

(Attachments)

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)

OF MIZUHO BANK

Millions of yen
As of December 31,<br>2021 (A) As of March 31,<br>2021 (B) Change<br>(A) - (B)
Assets
Cash and Due from Banks ¥ 42,765,377 **** ¥ 45,460,471 ¥ (2,695,094 )
Call Loans **** 899,300 **** 967,504 (68,204 )
Receivables under Resale Agreements **** 8,671,369 **** 2,376,420 6,294,949
Guarantee Deposits Paid under Securities Borrowing Transactions **** 152,678 **** 151,282 1,396
Other Debt Purchased **** 531,027 **** 482,837 48,190
Trading Assets **** 4,214,000 **** 4,655,665 (441,665 )
Money Held in Trust **** 504 **** 503 0
Securities **** 39,980,223 **** 43,720,657 (3,740,433 )
Loans and Bills Discounted **** 81,179,977 **** 82,074,591 (894,614 )
Foreign Exchange Assets **** 2,362,368 **** 2,016,766 345,602
Derivatives other than for Trading **** 3,303,575 **** 3,998,530 (694,955 )
Other Assets **** 3,824,453 **** 4,920,054 (1,095,600 )
Tangible Fixed Assets **** 860,097 **** 881,564 (21,467 )
Intangible Fixed Assets **** 347,681 **** 360,296 (12,615 )
Prepaid Pension Cost **** 443,269 **** 524,167 (80,898 )
Deferred Tax Assets **** 88,640 **** — 88,640
Customers’ Liabilities for Acceptances and Guarantees **** 8,143,734 **** 6,828,085 1,315,649
Reserves for Possible Losses on Loans **** (652,878 ) (536,101 ) (116,776 )
Reserve for Possible Losses on Investments **** (106 ) — (106 )
Total Assets ¥ 197,115,295 **** ¥ 198,883,298 ¥ (1,768,002 )
Liabilities
Deposits ¥ 124,013,371 **** ¥ 128,279,005 ¥ (4,265,633 )
Negotiable Certificates of Deposit **** 18,455,360 **** 16,684,774 1,770,586
Call Money **** 1,083,846 **** 1,061,104 22,741
Payables under Repurchase Agreements **** 10,652,886 **** 8,760,834 1,892,052
Guarantee Deposits Received under Securities Lending Transactions **** 175,849 **** 170,648 5,200
Commercial Paper **** 1,801,323 **** 2,105,067 (303,743 )
Trading Liabilities **** 2,503,170 **** 3,255,476 (752,305 )
Borrowed Money **** 15,365,063 **** 15,084,290 280,772
Foreign Exchange Liabilities **** 758,005 **** 717,422 40,582
Bonds and Notes **** 836,823 **** 911,779 (74,955 )
Derivatives other than for Trading **** 3,551,382 **** 4,016,868 (465,486 )
Other Liabilities **** 2,484,642 **** 3,448,928 (964,286 )
Reserve for Bonus Payments **** 4,574 **** 25,042 (20,468 )
Reserve for Variable Compensation **** 463 **** 983 (520 )
Reserve for Possible Losses on Sales of Loans **** 155 **** 1,074 (919 )
Reserve for Contingencies **** 3,212 **** 3,092 120
Reserve for Reimbursement of Deposits **** 17,547 **** 20,540 (2,993 )
Reserve for Reimbursement of Debentures **** 11,337 **** 14,419 (3,081 )
Deferred Tax Liabilities **** — **** 38,723 (38,723 )
Deferred Tax Liabilities for Revaluation Reserve for Land **** 61,436 **** 61,915 (479 )
Acceptances and Guarantees **** 8,143,734 **** 6,828,085 1,315,649
Total Liabilities **** 189,924,188 **** 191,490,080 (1,565,892 )
Net Assets
Common Stock and Preferred Stock **** 1,404,065 **** 1,404,065 —
Capital Surplus **** 2,286,167 **** 2,286,167 —
Capital Reserve **** 655,450 **** 655,450 —
Other Capital Surplus **** 1,630,716 **** 1,630,716 —
Retained Earnings **** 2,549,890 **** 2,514,003 35,886
Appropriated Reserve **** 389,012 **** 353,908 35,103
Other Retained Earnings **** 2,160,877 **** 2,160,095 782
Retained Earnings Brought Forward **** 2,160,877 **** 2,160,095 782
Total Shareholders’ Equity **** 6,240,122 **** 6,204,236 35,886
Net Unrealized Gains (Losses) on Other Securities, net of Taxes **** 869,640 **** 1,023,139 (153,498 )
Net Deferred Hedge Gains (Losses), net of Taxes **** (54,152 ) 29,458 (83,611 )
Revaluation Reserve for Land, net of Taxes **** 135,497 **** 136,384 (887 )
Total Valuation and Translation Adjustments **** 950,984 **** 1,188,982 (237,997 )
Total Net Assets **** 7,191,107 **** 7,393,218 (202,110 )
Total Liabilities and Net Assets ¥ 197,115,295 **** ¥ 198,883,298 ¥ (1,768,002 )

2-11

Mizuho Bank, Ltd.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OFINCOME

(selected items) OF MIZUHO BANK

Millions of yen
For the nine months<br>endedDecember 31, 2021<br>(A) For the nine months<br>endedDecember 31, 2020<br>(B) Change<br>(A) - (B)
Ordinary Income ¥ 1,547,997 **** ¥ 1,510,567 ¥ 37,430
Interest Income **** 802,959 **** 848,048 (45,089 )
Interest on Loans and Bills Discounted **** 564,812 **** 621,455 (56,642 )
Interest and Dividends on Securities **** 169,768 **** 158,586 11,181
Fee and Commission Income **** 386,763 **** 365,291 21,471
Trading Income **** 43,964 **** 91,454 (47,489 )
Other Operating Income **** 140,929 **** 131,643 9,286
Other Ordinary Income **** 173,381 **** 74,129 99,251
Ordinary Expenses **** 1,273,396 **** 1,268,267 5,129
Interest Expenses **** 173,516 **** 287,933 (114,416 )
Interest on Deposits **** 22,482 **** 96,357 (73,875 )
Fee and Commission Expenses **** 109,965 **** 73,612 36,353
Trading Expenses **** — **** 378 (378 )
Other Operating Expenses **** 66,430 **** 79,692 (13,261 )
General and Administrative Expenses **** 547,324 **** 585,826 (38,501 )
Other Ordinary Expenses **** 376,158 **** 240,822 135,335
Ordinary Profits **** 274,601 **** 242,300 32,301
Extraordinary Gains **** 59,471 **** 63,246 (3,775 )
Extraordinary Losses **** 8,935 **** 6,798 2,137
Income before Income Taxes **** 325,137 **** 298,748 26,388
Income Taxes:
Current **** 140,748 **** 76,137 64,611
Deferred **** (26,129 ) 27,544 (53,674 )
Net Income ¥ 210,518 **** ¥ 195,067 ¥ 15,451

2-12

Mizuho Trust & Banking Co., Ltd.

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS(selected items)

OF MIZUHO TRUST & BANKING

Millions of yen
As of<br>December 31,<br>2021 (A) As of<br>March 31,<br>2021 (B) Change<br>(A) - (B)
Assets
Cash and Due from Banks ¥ 2,131,573 **** ¥ 2,010,405 ¥ 121,167
Call Loans **** — **** 22,134 (22,134 )
Guarantee Deposits Paid under Securities Borrowing Transactions **** 20,067 **** — 20,067
Other Debt Purchased **** 40,312 **** 26,092 14,219
Trading Assets **** — **** 130,476 (130,476 )
Money Held in Trust **** 25,907 **** 9,804 16,102
Securities **** 298,599 **** 321,504 (22,904 )
Loans and Bills Discounted **** 3,205,201 **** 3,362,267 (157,065 )
Foreign Exchange Assets **** 3,812 **** 6,313 (2,500 )
Other Assets **** 232,757 **** 321,181 (88,424 )
Tangible Fixed Assets **** 100,406 **** 102,139 (1,732 )
Intangible Fixed Assets **** 22,647 **** 25,486 (2,838 )
Prepaid Pension Cost **** 64,708 **** 65,962 (1,254 )
Customers’ Liabilities for Acceptances and Guarantees **** 14,579 **** 14,008 570
Reserves for Possible Losses on Loans **** (3,979 ) (4,196 ) 217
Total Assets ¥ 6,156,594 **** ¥ 6,413,579 ¥ (256,985 )
Liabilities
Deposits ¥ 2,665,964 **** ¥ 2,879,951 ¥ (213,987 )
Negotiable Certificates of Deposit **** 786,880 **** 618,380 168,500
Call Money **** 602,555 **** 581,838 20,717
Trading Liabilities **** — **** 131,235 (131,235 )
Borrowed Money **** 300,000 **** 375,082 (75,082 )
Foreign Exchange Liabilities **** 5 **** — 5
Due to Trust Accounts **** 1,197,324 **** 1,160,608 36,716
Other Liabilities **** 33,123 **** 23,141 9,982
Reserve for Bonus Payments **** 42 **** 3,199 (3,156 )
Reserve for Variable Compensation **** 184 **** 380 (195 )
Provision for Retirement Benefits **** 6,159 **** 260 5,899
Reserve for Reimbursement of Deposits **** 1,311 **** 1,558 (247 )
Reserve for Loss of Transfer **** 3,827 **** 4,814 (987 )
Deferred Tax Liabilities **** 18,607 **** 15,515 3,091
Acceptances and Guarantees **** 14,579 **** 14,008 570
Total Liabilities **** 5,630,565 **** 5,809,974 (179,409 )
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 **** 282,340 **** 275,949 6,390
Appropriated Reserve **** 150,297 **** 45,865 104,432
Other Retained Earnings **** 132,042 **** 230,083 (98,041 )
Retained Earnings Brought Forward **** 132,042 **** 230,083 (98,041 )
Treasury Stock (79,999 ) — (79,999 )
Total Shareholders’ Equity **** 465,214 **** 538,824 (73,609 )
Net Unrealized Gains (Losses) on Other Securities, net of Taxes **** 64,472 **** 67,360 (2,888 )
Net Deferred Hedge Gains (Losses), net of Taxes **** (3,657 ) (2,579 ) (1,078 )
Total Valuation and Translation Adjustments **** 60,814 **** 64,781 (3,967 )
Total Net Assets **** 526,029 **** 603,605 (77,576 )
Total Liabilities and Net Assets ¥ 6,156,594 **** ¥ 6,413,579 ¥ (256,985 )

2-13

Mizuho Trust & Banking Co., Ltd.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OFINCOME

(selected items) OF MIZUHO TRUST & BANKING

Millions of yen
For the nine months<br>ended December 31,2021 (A) For the nine months<br>ended December 31,2020 (B) Change<br>(A) - (B)
Ordinary Income ¥ 125,654 ¥ 134,413 ¥ (8,759 )
Fiduciary Income **** 45,212 41,028 4,184
Interest Income **** 19,065 25,196 (6,130 )
Interest on Loans and Bills Discounted **** 14,839 16,207 (1,367 )
Interest and Dividends on Securities **** 2,894 7,375 (4,481 )
Fee and Commission Income **** 58,287 45,767 12,520
Trading Income **** — 983 (983 )
Other Operating Income **** 277 11,833 (11,556 )
Other Ordinary Income **** 2,810 9,604 (6,794 )
Ordinary Expenses **** 92,453 108,260 (15,806 )
Interest Expenses **** 5,446 6,811 (1,364 )
Interest on Deposits **** 230 313 (83 )
Fee and Commission Expenses **** 27,162 25,547 1,615
Trading Expenses **** 640 — 640
Other Operating Expenses **** 9 3,804 (3,794 )
General and Administrative Expenses **** 56,002 59,899 (3,897 )
Other Ordinary Expenses **** 3,192 12,197 (9,005 )
Ordinary Profits **** 33,200 26,153 7,046
Extraordinary Gains **** 7,742 6,569 1,173
Extraordinary Losses **** 341 1,188 (847 )
Income before Income Taxes **** 40,601 31,533 9,067
Income Taxes:
Current **** 7,438 2,934 4,504
Deferred **** 4,610 5,074 (463 )
Net Income ¥ 28,552 ¥ 23,524 ¥ 5,027

2-14

Mizuho Securities Co., Ltd.

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS(selected items)

OF MIZUHO SECURITIES

Millions of yen
As of<br>December 31,<br>2021 (A) As of<br>March 31,<br>2021 (B) Change<br>(A) - (B)
Assets
Current Assets
Cash and Bank Deposits ¥ 336,594 **** ¥ 369,894 ¥ (33,300 )
Cash Segregated as Deposits for Customers and Others **** 526,979 **** 554,281 (27,302 )
Trading Assets **** 6,343,228 **** 6,222,426 120,802
Operating Investment Securities **** 37,417 **** 34,338 3,079
Receivables Related to Margin Transactions **** 32,660 **** 32,553 106
Collateralized Short-Term Financing Agreements-Receivable **** 4,411,709 **** 4,520,477 (108,767 )
Advances Paid **** 528 **** 441 87
Securities: Fail to Deliver **** 22,762 **** 15,265 7,497
Short-Term Loans Receivable **** 49,121 **** 36,085 13,036
Other Current Assets **** 525,695 **** 461,711 63,984
Less: Allowance for Doubtful Accounts **** (80 ) (276 ) 195
Noncurrent Assets
Property and Equipment **** 18,255 **** 19,775 (1,520 )
Intangible Assets **** 62,222 **** 66,544 (4,321 )
Investments and Other Assets **** 306,666 **** 314,486 (7,819 )
Total Assets ¥ 12,673,759 **** ¥ 12,648,003 ¥ 25,755
Liabilities
Current Liabilities
Trading Liabilities ¥ 3,932,792 **** ¥ 4,765,362 ¥ (832,569 )
Payables—Unsettled Trades **** 134,114 **** 253,734 (119,619 )
Payables Related to Margin Transactions **** 51,744 **** 39,793 11,950
Collateralized Short-Term Financing Agreements-Payable **** 4,440,757 **** 3,510,972 929,785
Deposits Received **** 528,358 **** 444,112 84,246
Guarantee Deposits Received **** 336,234 **** 417,142 (80,907 )
Securities: Fail to Receive **** 2,533 **** 2,854 (320 )
Short-Term Borrowings **** 721,575 **** 806,728 (85,152 )
Commercial Paper **** 490,500 **** 423,500 67,000
Bonds and Notes Due within One Year **** 121,168 **** 127,648 (6,479 )
Income Taxes Payable **** 1,344 **** 11,565 (10,221 )
Accrued Employees’ Bonuses **** 19,161 **** 25,365 (6,203 )
Provision for Variable Compensation **** 278 **** 788 (509 )
Other Current Liabilities **** 27,835 **** 50,122 (22,286 )
Noncurrent Liabilities
Bonds and Notes **** 731,656 **** 623,175 108,481
Long-Term Borrowings **** 530,500 **** 150,400 380,100
Provision for Retirement Benefits **** 22,086 **** 21,216 869
Reserve for Loss of Transfer **** 2,984 **** 4,194 (1,209 )
Other Noncurrent Liabilities **** 3,040 **** 3,132 (91 )
Statutory Reserves
Reserve for Financial Instruments Transaction Liabilities **** 3,127 **** 3,135 (7 )
Total Liabilities **** 12,101,799 **** 11,684,945 416,854
Net Assets
Common Stock **** 125,167 **** 125,167 —
Capital Surplus **** 381,649 **** 381,649 —
Additional Paid—in Capital **** 285,831 **** 285,831 —
Other Capital Surplus **** 95,817 **** 95,817 —
Retained Earnings **** 420,761 **** 440,661 (19,899 )
Other Retained Earnings **** 420,761 **** 440,661 (19,899 )
Retained Earnings Brought Forward **** 420,761 **** 440,661 (19,899 )
Treasury Stock **** (369,999 ) — (369,999 )
Total Shareholders’ Equity **** 557,578 **** 947,478 (389,899 )
Net Unrealized Gains on (Operating) Investment Securities, net of Tax **** 24,151 **** 25,339 (1,188 )
Net Deferred Gains or Losses on Hedges, net of Tax **** (9,769 ) (9,759 ) (10 )
Total Valuation and Translation Adjustments **** 14,381 **** 15,580 (1,198 )
Total Net Assets **** 571,960 **** 963,058 (391,098 )
Total Liabilities and Net Assets ¥ 12,673,759 **** ¥ 12,648,003 ¥ 25,755

2-15

Mizuho Securities Co., Ltd.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OFINCOME

(selected items) OF MIZUHO SECURITIES

Millions of yen
For the nine months<br>ended December 31,2021 (A) For the nine months<br>ended December 31,2020 (B) Change<br>(A) - (B)
Operating Revenues ¥ 294,305 **** ¥ 290,450 ¥ 3,854
Commissions **** 143,531 **** 132,423 11,108
Net Gain on Trading **** 103,367 **** 104,110 (743 )
Net Gain on Operating Investment Securities **** (2,066 ) 1,071 (3,138 )
Interest and Dividend Income **** 49,472 **** 52,844 (3,371 )
Interest Expenses **** 36,827 **** 40,050 (3,223 )
Net Operating Revenues **** 257,477 **** 250,400 7,077
Selling, General and Administrative Expenses **** 193,443 **** 192,908 534
Transaction-Related Expenses **** 55,609 **** 52,755 2,854
Personnel Expenses **** 72,994 **** 73,266 (272 )
Real Estate Expenses **** 15,547 **** 15,938 (390 )
Administrative Expenses **** 29,164 **** 29,581 (417 )
Depreciation and Amortization **** 14,098 **** 15,199 (1,100 )
Taxes and Dues **** 4,331 **** 4,363 (31 )
Provision of Allowance for Doubtful Accounts **** 4 **** (25 ) 30
Other **** 1,692 **** 1,829 (137 )
Operating Income **** 64,034 **** 57,491 6,542
Non-Operating Income **** 2,700 **** 3,559 (859 )
Non-Operating Expenses **** 440 **** 170 269
Ordinary Income **** 66,294 **** 60,880 5,413
Extraordinary Gain **** 1,068 **** 12,049 (10,981 )
Extraordinary Loss **** 3,813 **** 1,844 1,968
Income before Income Taxes **** 63,549 **** 71,085 (7,536 )
Income Taxes:
Current **** 8,992 **** 8,995 (2 )
Deferred **** (1,110 ) 616 (1,727 )
Net Income ¥ 55,666 **** ¥ 61,472 ¥ (5,806 )

2-16

Report a Problem

Category
Description
Email (optional, for follow-up)