6-K - MFG - Equibles

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 July 2024

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 ☐

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NO. 333-266555) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.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:	July 31, 2024
Mizuho Financial Group, Inc.
By:	/s/ Takefumi Yonezawa
Name:	Takefumi Yonezawa
Title:	Senior Executive Officer / Group CFO

For Immediate Release:

Consolidated Financial Statements for the First Quarter of Fiscal 2024<br><br><br>(Under Japanese GAAP)
Company Name:	Mizuho Financial Group, Inc. (“MHFG”)	July 31, 2024
---	---	---
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
Trading Accounts: Established
Commencement of Dividend Payment (scheduled): -
Supplementary Materials on Quarterly Results: Attached
IR Conference on Quarterly Results: Not Scheduled

Amounts less than one million yen are rounded down.

1. Financial Highlights for the First Quarter of Fiscal 2024 (for the three months ended June 30, 2024)

(1) Consolidated Results of Operations

(%: Changes from the corresponding period of the previous fiscal year)
	Ordinary Income			Ordinary Profits			ProfitAttributable toOwners of Parent
	million	%		million	%		million	%
1Q F2024			28.0			20.4			17.9
1Q F2023			50.5			44.0			53.9

All values are in Japanese Yen.

Note:	Comprehensive Income:<br><br><br>1Q F2024: ¥232,053 million, (50.3)%; 1Q F2023: ¥467,256 million, —%
	Net Incomeper Share ofCommon Stock	Diluted Net Incomeper Share ofCommon Stock
---	---	---

1Q F2024
1Q F2023

All values are in Japanese Yen.

(2) Consolidated Financial Conditions

	Total Assets	Total Net Assets	Own Capital Ratio
	million	million	%
1Q F2024				3.5
Fiscal 2023				3.6

All values are in Japanese Yen.

Reference:	Own Capital:<br> <br>As of June 30, 2024:<br>¥10,322,753 million; As of March 31, 2024: ¥10,232,538 million
Note:	Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Non-controlling Interests) / Total Assets<br>× 100<br> <br>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
	Firstquarter-end	Secondquarter-end	Thirdquarter-end	Fiscalyear-end	Total
	****
Fiscal 2023
Fiscal 2024
Fiscal 2024 (estimate)

All values are in Japanese Yen.

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

3. Consolidated Earnings Estimates for Fiscal 2024 (for the fiscal year ending March 31, 2025)


	ProfitAttributable toOwners ofParent			Net Incomeper Share ofCommon Stock
	million	%
Fiscal 2024 H1			—
Fiscal 2024			10.4

All values are in Japanese Yen.

Notes:	1.	Revision of the latest announced earnings estimates for fiscal 2024: 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 (excluding treasury stock and others) during 1Q and the number of<br>outstanding shares (excluding treasury stock and others) as of June 30, 2024 (which is used as a proxy for the average number of outstanding shares during 2Q-4Q).

Notes

(1) Significant changes in the scope of consolidation during the period: 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: No
ii	Changes in accounting policies other than i above: No
---	---
iii	Changes in accounting estimates: No
---	---
iv	Restatements: No
---	---

(4) Issued Shares of Common Stock

i Period-end issued shares (including<br>treasury stock):	As of June 30, 2024	2,539,249,894 shares	As of March 31, 2024	2,539,249,894 shares
ii Period-end treasury stock:	As of June 30, 2024	4,333,434 shares	As of March 31, 2024	4,739,805 shares
iii Average outstanding shares (first quarter):	1Q Fiscal 2024	2,534,589,882 shares	1Q Fiscal 2023	2,534,288,787 shares

Review of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: No

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. 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. 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 geopolitical disruptions; 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 relatedto 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 financialtransactions 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 medium-term 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 economicconditions in Japan and elsewhere; and changes to applicable laws and regulations. Further information regarding factors that could affect ourfinancial 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-Ffiled with the U.S. Securities and Exchange Commission (“SEC”), which is 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-lookingstatements, 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.	Overview of Consolidated Results of Operations and Financial Conditions	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) Notes regarding Consolidated Financial Statements	p.1-7
	(Matters Related to the Assumption of Going Concern)
	(Significant Changes in the Amount of Shareholders’ Equity)
	(Business Segments Information)
	(Consolidated Statement of Cash Flows)
	ø SELECTED FINANCIAL INFORMATION For the First Quarter of Fiscal 2024

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. Overview of Consolidated Results of Operations and Financial Conditions

The subject matter is described in the “FY24 Q1 Financial Results” disclosed on July 31, 2024 (Wednesday), which is available on our web page at https://www.mizuhogroup.com/investors/financial-information/financial-statements.

The information is posted under the Financial Statements (under Japanese GAAP) of Mizuho Financial Group, FY2024, First Quarter, on the above web page.

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,<br>2024			As of<br>June 30,<br>2024
Assets
Cash and Due from Banks	¥	72,968,900		¥	72,167,129
Call Loans and Bills Purchased		1,259,964			1,256,765
Receivables under Resale Agreements		20,533,096			23,150,381
Guarantee Deposits Paid under Securities Borrowing Transactions		2,357,463			2,238,013
Other Debt Purchased		4,174,891			4,252,907
Trading Assets		21,381,444			25,301,776
Money Held in Trust		583,647			633,462
Securities		38,245,422			41,115,826
Loans and Bills Discounted		92,778,781			95,943,187
Foreign Exchange Assets		2,259,701			2,318,840
Derivatives other than for Trading Assets		2,606,667			3,558,080
Other Assets		7,364,363			7,471,093
Tangible Fixed Assets		1,139,470			1,113,898
Intangible Fixed Assets		725,142			751,791
Net Defined Benefit Asset		847,116			865,243
Deferred Tax Assets		135,428			221,200
Customers’ Liabilities for Acceptances and Guarantees		10,098,502			10,735,653
Reserves for Possible Losses on Loans		(787,848	)		(792,859	)
Reserve for Possible Losses on Investments		(4	)		(5	)
Total Assets	¥	278,672,151		¥	292,302,385

1-3

Mizuho Financial Group, Inc.

	Millions of yen
	As of<br>March 31,<br>2024			As of<br>June 30,<br>2024
Liabilities
Deposits	¥	159,854,668		¥	158,130,732
Negotiable Certificates of Deposit		11,590,532			12,841,633
Call Money and Bills Sold		1,660,682			2,658,635
Payables under Repurchase Agreements		38,103,216			43,638,794
Guarantee Deposits Received under Securities Lending Transactions		1,306,422			1,159,725
Commercial Paper		1,165,988			1,353,856
Trading Liabilities		13,836,028			16,340,409
Borrowed Money		5,449,852			5,466,830
Foreign Exchange Liabilities		900,034			1,060,584
Short-term Bonds		565,736			680,649
Bonds and Notes		11,999,712			12,675,584
Due to Trust Accounts		983,877			1,039,701
Derivatives other than for Trading Liabilities		3,818,518			5,257,695
Other Liabilities		6,618,151			8,566,200
Reserve for Bonus Payments		185,977			76,836
Reserve for Variable Compensation		2,527			2,760
Net Defined Benefit Liability		67,151			67,098
Reserve for Director and Corporate Auditor Retirement Benefits		541			402
Reserve for Possible Losses on Sales of Loans		8,645			9,440
Reserve for Contingencies		19,321			23,474
Reserve for Reimbursement of Deposits		10,378			9,272
Reserve for Reimbursement of Debentures		25,125			24,478
Reserves under Special Laws		3,781			3,772
Deferred Tax Liabilities		27,058			29,426
Deferred Tax Liabilities for Revaluation Reserve for Land		57,583			46,421
Acceptances and Guarantees		10,098,502			10,735,653
Total Liabilities	¥	268,360,016		¥	281,900,071
Net Assets
Common Stock	¥	2,256,767		¥	2,256,767
Capital Surplus		1,129,730			1,129,731
Retained Earnings		5,538,891			5,713,873
Treasury Stock		(9,402	)		(8,754	)
Total Shareholders’ Equity		8,915,987			9,091,617
Net Unrealized Gains (Losses) on Other Securities		929,815			785,018
Deferred Gains (Losses) on Hedges		(298,280	)		(333,727	)
Revaluation Reserve for Land		126,879			101,589
Foreign Currency Translation Adjustments		344,250			471,818
Remeasurements of Defined Benefit Plans		214,337			207,096
Own Credit Risk Adjustments, Net of Tax		(452	)		(658	)
Total Accumulated Other Comprehensive Income		1,316,550			1,231,136
Stock Acquisition Rights		5			5
Non-controlling Interests		79,591			79,555
Total Net Assets		10,312,135			10,402,313
Total Liabilities and Net Assets	¥	278,672,151		¥	292,302,385

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 threemonths ended<br>June 30, 2023			For the threemonths ended<br>June 30, 2024
Ordinary Income	¥	1,858,873		¥	2,380,899
Interest Income		1,293,614			1,621,462
Interest on Loans and Bills Discounted		664,178			741,308
Interest and Dividends on Securities		117,802			205,024
Fiduciary Income		14,728			14,822
Fee and Commission Income		221,014			254,512
Trading Income		118,292			268,315
Other Operating Income		111,762			109,808
Other Ordinary Income		99,461			111,977
Ordinary Expenses		1,564,676			2,026,516
Interest Expenses		1,075,918			1,389,987
Interest on Deposits		388,963			472,961
Fee and Commission Expenses		49,824			53,624
Trading Expenses		714			—
Other Operating Expenses		18,675			80,166
General and Administrative Expenses		384,670			451,707
Other Ordinary Expenses		34,871			51,029
Ordinary Profits		294,197			354,383
Extraordinary Gains		20,018			45,567
Extraordinary Losses		641			2,565
Income before Income Taxes		313,574			397,386
Income Taxes:
Current		68,068			119,545
Deferred		(838	)		(12,463	)
Total Income Taxes		67,230			107,081
Profit		246,344			290,304
Profit Attributable to Non-controllingInterests		1,151			1,003
Profit Attributable to Owners of Parent	¥	245,192		¥	289,300

1-5

Mizuho Financial Group, Inc.

Consolidated Statements of Comprehensive Income

	Millions of yen
	For the threemonths ended<br>June 30, 2023			For the threemonths ended<br>June 30, 2024
Profit	¥	246,344		¥	290,304
Other Comprehensive Income (Losses)		220,912			(58,250	)
Net Unrealized Gains (Losses) on Other Securities		141,921			(143,998	)
Deferred Gains (Losses) on Hedges		(18,111	)		(35,059	)
Foreign Currency Translation Adjustments		110,977			119,705
Remeasurements of Defined Benefit Plans		(16,483	)		(7,092	)
Own Credit Risk Adjustments, Net of Tax		(158	)		(206	)
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method		2,767			8,400
Comprehensive Income		467,256			232,053
(Breakdown)
Comprehensive Income Attributable to Owners of Parent		465,468			229,176
Comprehensive Income Attributable to Non-controlling<br>Interests		1,788			2,876

1-6

Mizuho Financial Group, Inc.

(3) Notes regarding Consolidated Financial Statements

(Matters Related to the Assumption of Going Concern)

There is no applicable information.

(Significant Changes inthe Amount of Shareholders’ Equity)

There is no applicable information.

(Business Segments Information)

Summary of reportable segments

MHFG has introduced an in-house company system based on the group’s diverse customer segments. The aim of this system is to leverage MHFG’s strengths and competitive advantage, which is the seamless integration of MHFG’s banking, trust and securities functions under a holding company structure, to speedily provide high-quality financial services that closely match customer needs.

Specifically, the company system is classified into the following five in-house companies, each based on a customer segment: the Retail & Business Banking Company (RBC), the Corporate & Investment Banking Company (CIBC), the Global Corporate & Investment Banking Company (GCIBC), the Global Markets Company (GMC), and the Asset Management Company (AMC).

The services that each in-house company is in charge of are as follows:

RBC:

Services for individual customers, small and medium-sized enterprises and middle market firms in Japan

CIBC:

Services for large corporations, financial institutions and public corporations in Japan

GCIBC:

Services for Japanese overseas affiliated corporate customers and non-Japanese corporate customers, etc.

GMC:

Investment services with respect to interest rates, equities and credits, etc. and other services

AMC:

Development of products and provision of services that match the asset management needs of its wide range of customers from individuals to institutional investors

The reportable segments information, set forth below, is derived from the internal management reporting systems used by management to measure the performance of the Group’s operating segments. Management measures the performance of each of the operating segments in accordance with internal managerial accounting rules and practices.

1-7

Mizuho Financial Group, Inc.

Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others, and Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net Gains (Losses) related to ETFs and others by reportable segment

For the three months ended June 30, 2023

												(Millions of yen)
	MHFG (Consolidated)
	RBC		CIBC		GCIBC		GMC		AMC			Others<br>(Note 2)
Gross profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses)<br>related to ETFs and others		164,598		111,373		168,438		140,248		13,537			33,879	632,073
General and Administrative Expenses (excluding<br>Non-Recurring Losses and others)		156,591		53,704		86,957		75,793		8,495			10,086	391,626
Equity in Income from Investments in Affiliates		1,835		1,419		7,268		—		(440	)		368	10,450
Amortization of Goodwill and others		1		203		216		—		1,618			61	2,099
Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of<br>(provision for) general reserve for losses on loans) + Net Gains (Losses) related to ETFs and others		9,841		58,885		88,533		64,455		2,984			24,100	248,798
Notes:	1. Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses)<br>related to ETFs and others is reported instead of sales reported by general corporations. Net Gains (Losses) related to ETFs and others amounted to ¥17,795 million, of which ¥17,329 million is included in the GMC.<br>
---	---
2. “Others” includes items which should be eliminated as internal transactions between<br>each segment on a consolidated basis.
---
3. Following the change in allocation method for transactions between each segment and<br>“Others” made in April 2024, reclassification was made on the above table to reflect the relevant change.
---

For the three months ended June 30, 2024

											(Millions of yen)
	MHFG (Consolidated)
	RBC		CIBC		GCIBC		GMC		AMC		Others<br>(Note 2)
Gross profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses)<br>related to ETFs and others		177,384		134,312		191,310		216,534		14,798		41,951	776,289
General and Administrative Expenses (excluding<br>Non-Recurring Losses and others)		172,173		58,840		108,830		87,549		8,963		19,687	456,042
Equity in Income from Investments in Affiliates		2,062		2,176		6,930		—		195		841	12,204
Amortization of Goodwill and others		1		206		1,593		—		1,529		355	3,684
Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of<br>(provision for) general reserve for losses on loans) + Net Gains (Losses) related to ETFs and others		7,272		77,442		87,817		128,985		4,501		22,750	328,767
Notes:	1. Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses)<br>related to ETFs and others is reported instead of sales reported by general corporations. Net Gains (Losses) related to ETFs and others amounted to ¥31,146 million, of which ¥31,728 million is included in the GMC.<br>
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2. “Others” includes items which should be eliminated as internal transactions between<br>each segment on a consolidated basis.
---

1-8

Mizuho Financial Group, Inc.

The difference between the total amounts of Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net Gains (Losses) related to ETFs and others of reportable segments and the recorded amounts in the Quarterly Consolidated Statement of Income, and the contents of the difference (Matters relating to adjustment to difference)

The above total amounts of Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net Gains (Losses) related to ETFs and others derived from internal management reporting are different from Income before Income Taxes recorded in the Quarterly Consolidated Statement of Income.

The contents of the difference for the three months ended June 30, 2023 and 2024, are as follows:

	(Millions of yen)
	For the threemonths ended<br>June 30, 2023			For the threemonths ended<br>June 30, 2024
Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of<br>(provision for) general reserve for losses on loans) + Net Gains (Losses) related to ETFs and others		248,798			328,767
General and Administrative Expenses (Non-Recurring<br>Losses)		9,055			8,019
Expenses related to Portfolio Problems (including reversal of (provision for) general reserve for<br>losses on loans)		(4,647	)		(7,290	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others		31,997			5,841
Net Gains (Losses) related to Stocks - Net Gains (Losses) related to ETFs and others		5,255			14,097
Net Extraordinary Gains (Losses)		19,377			43,002
Others		3,738			4,949
Income before Income Taxes recorded in Quarterly Consolidated Statement of Income		313,574			397,386

(Consolidated Statement of Cash Flows)

We have not prepared Quarterly Consolidated Statement of Cash Flows for the three months ended June 30, 2024. Depreciation (including Amortization of Intangible Fixed Assets excluding Goodwill) and Amortization of Goodwill for the three months ended June 30, 2023 and 2024 are as follows:

	(Millions of yen)
	For the threemonths ended<br>June 30, 2023		For the threemonths ended<br>June 30, 2024
Depreciation		40,236		47,322
Amortization of Goodwill		947		1,910

1-9

SELECTED FINANCIAL INFORMATION

For the First Quarter of Fiscal 2024

(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 FIRST QUARTER OF FISCAL 2024	See above Notes
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. Status of Non Performing Loans based on the Banking Act (“BA”) and the Financial<br>Reconstruction Act (“FRA”)	CON	NON	2- 7
5. Status of Deposits and Loans	NON		2- 11
Attachments	Page
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Mizuho Bank, Ltd.
Comparison of Non-Consolidated Balance Sheets (selected<br>items)		2- 13
Comparison of Non-Consolidated Statements of Income<br>(selected items)		2- 14

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 geopolitical disruptions; 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 deferredtax 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 similarpurposes; 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 medium-term business planand 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 toapplicable laws and regulations.

Further information regarding factors that could affect our financial condition and results of operations isincluded 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 ExchangeCommission (“SEC”), which is 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-lookingstatements, 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.

FINANCIAL INFORMATION FOR THE FIRST QUARTER OF FISCAL 2024

1. Income Analysis

Consolidated

		(Billions of yen)
		First Quarter of<br>Fiscal 2024						First Quarter of<br>Fiscal 2023
		****			Change
Consolidated Gross Profits	1	****	745.1	****		130.8			614.2
Net Interest Income	2	****	231.4	****		13.7			217.6
Fiduciary Income	3	****	14.8	****		0.0			14.7
Credit Costs for Trust Accounts	4	****	—	****		—			—
Net Fee and Commission Income	5	****	200.8	****		29.6			171.1
Net Trading Income	6	****	268.3	****		150.7			117.5
Net Other Operating Income	7	****	29.6	****		(63.4	)		93.0
General and Administrative Expenses	8	****	(451.7	)		(67.0	)		(384.6	)
Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for<br>Losses on Loans)	9	****	(7.2	)		(2.6	)		(4.6	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others	10	****	5.8	****		(26.1	)		31.9
Net Gains (Losses) related to Stocks	11	****	45.2	****		22.1			23.0
Equity in Income from Investments in Affiliates	12	****	12.2	****		1.7			10.4
Other	13	****	4.9	****		1.2			3.7
Ordinary Profits	14	****	354.3	****		60.1			294.1
Net Extraordinary Gains (Losses)	15	****	43.0	****		23.6			19.3
Income before Income Taxes	16	****	397.3	****		83.8			313.5
Income Taxes	17	****	(107.0	)		(39.8	)		(67.2	)
Profit	18	****	290.3	****		43.9			246.3
Profit Attributable to Non-controlling Interests	19	****	(1.0	)		0.1			(1.1	)
Profit Attributable to Owners of Parent	20	****	289.3	****		44.1			245.1
Credit-related Costs (including Credit Costs for Trust Accounts)	21	****	(1.4	)		(28.7	)		27.3
Credit-related Costs [21] = Expenses related to Portfolio<br>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	****	297.6	****		66.6			231.0
Consolidated Net Business Profits [22] = Consolidated Gross<br>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	****	221	****		32			189
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)
		First Quarter of Fiscal 2024												First Quarter of<br>Fiscal 2023
		MHBK			MHTB			Aggregate<br>Figures			Change
Gross Profits	1	****	429.6	****	****	24.5	****	****	454.1	****		90.9			363.1
Net Interest Income	2	****	244.8	****	****	5.2	****	****	250.1	****		35.1			215.0
Fiduciary Income	3				****	14.9	****	****	14.9	****		0.1			14.8
Trust Fees for Jointly Operated Designated Money Trust	4				****	0.7	****	****	0.7	****		(0.2	)		0.9
Credit Costs for Trust Accounts	5				****	—	****	****	—	****		—			—
Net Fee and Commission Income	6	****	88.5	****	****	4.3	****	****	92.8	****		5.8			86.9
Net Trading Income	7	****	54.6	****				****	54.6	****		59.2			(4.5	)
Net Other Operating Income	8	****	41.5	****	****	(0.0	)	****	41.5	****		(9.3	)		50.9
General and Administrative Expenses<br>(excluding<br>Non-Recurring Losses)	9	****	(227.3	)	****	(22.4	)	****	(249.7	)		(29.3	)		(220.3	)
Net Business Profits (before Reversal of (Provision for)<br>General Reserve for Losses on Loans) ^(1)^	10	****	202.3	****	****	2.1	****	****	204.4	****		61.6			142.8
Net Business Profits (before Reversal of (Provision for) General<br>Reserve for Losses on Loans)<br>from core business areas ^(2)^	11	****	168.1	****	****	2.1	****	****	170.2	****		25.9			144.2
Excluding Net Gains (Losses) from redemption of Investment Trusts	12	****	164.4	****	****	2.1	****	****	166.5	****		27.3			139.2
Reversal of (Provision for) General Reserve for Losses on Loans	13	****	—	****	****	—	****	****	—	****		—			—
Net Business Profits	14	****	202.3	****	****	2.1	****	****	204.4	****		61.6			142.8
Net Gains (Losses) related to Bonds	15	****	34.2	****	****	—	****	****	34.2	****		35.6			(1.4	)
Net Non-Recurring Gains (Losses)	16	****	51.2	****	****	3.5	****	****	54.8	****		(11.9	)		66.7
Net Gains (Losses) related to Stocks	17	****	43.5	****	****	1.5	****	****	45.1	****		25.0			20.0
Expenses related to Portfolio Problems	18	****	(8.2	)	****	—	****	****	(8.2	)		(4.0	)		(4.2	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others	19	****	6.7	****	****	0.0	****	****	6.7	****		(28.4	)		35.1
Other	20	****	9.2	****	****	1.9	****	****	11.2	****		(4.5	)		15.7
Ordinary Profits	21	****	253.6	****	****	5.6	****	****	259.3	****		49.7			209.5
Net Extraordinary Gains (Losses)	22	****	40.8	****	****	0.6	****	****	41.5	****		21.9			19.5
Income before Income Taxes	23	****	294.5	****	****	6.3	****	****	300.8	****		71.6			229.1
Income Taxes	24	****	(80.1	)	****	(1.9	)	****	(82.0	)		(19.1	)		(62.9	)
Net Income	25	****	214.3	****	****	4.4	****	****	218.7	****		52.5			166.2
(1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB<br>excludes the amounts of “Credit Costs for Trust Accounts” [5].<br> <br>(2) Net Business Profits (before<br>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	****	(1.5	)	****	0.0	****	****	(1.4	)		(32.4	)		30.9
Credit-related Costs [26] = Expenses related to Portfolio Problems [18] +<br>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	****	9.0	****	****	0.0	****	****	9.0	****		(0.2	)		9.2
Losses on Write-offs of Loans	29	****	(0.0	)	****	—	****	****	(0.0	)		3.4			(3.5	)
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans	30	****	(8.2	)	****	0.0	****	****	(8.2	)		(28.5	)		20.2
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring<br>Countries	31	****	2.4	****	****	—	****	****	2.4	****		(1.9	)		4.3
Reversal of (Provision for) Reserve for Contingencies	32	****	(4.5	)	****	—	****	****	(4.5	)		(5.1	)		0.6
Other (including Losses on Sales of Loans)	33	****	(0.1	)	****	—	****	****	(0.1	)		(0.0	)		(0.1	)
Total	34	****	(1.5	)	****	0.0	****	****	(1.4	)		(32.4	)		30.9

2-2

Mizuho Financial Group, Inc.

2. Net Gains/Losses on Stocks

Consolidated

	(Billions of yen)
	First Quarter of<br>Fiscal 2024			Change			First Quarter of<br>Fiscal 2023
Net Gains (Losses) related to Stocks	****	45.2	****		22.1			23.0
Gains on Sales	****	85.3	****		41.4			43.8
Losses on Sales	****	(38.4	)		(29.5	)		(8.8	)
Impairment (Devaluation)	****	(2.1	)		(0.2	)		(1.8	)
Reversal of (Provision for) Reserve for Possible Losses on Investments	****	—	****		—			—
Gains (Losses) on Derivatives other than for Trading	****	0.5	****		10.5			(10.0	)
Non-Consolidated
Aggregate Figures for the 2 Banks
	First Quarter of<br>Fiscal 2024			Change			First Quarter of<br>Fiscal 2023
Net Gains (Losses) related to Stocks	****	45.1	****		25.0			20.0
Gains on Sales	****	81.8	****		43.3			38.5
Losses on Sales	****	(36.7	)		(28.5	)		(8.2	)
Impairment (Devaluation)	****	(0.5	)		(0.2	)		(0.2	)
Reversal of (Provision for) Reserve for Possible Losses on Investments	****	—	****		—			—
Gains (Losses) on Derivatives other than for Trading	****	0.5	****		10.5			(10.0	)
Mizuho Bank									****
	First Quarter of<br>Fiscal 2024			Change			First Quarter of<br>Fiscal 2023
Net Gains (Losses) related to Stocks	****	43.5	****		24.2			19.3
Gains on Sales	****	80.2	****		42.3			37.8
Losses on Sales	****	(36.7	)		(28.4	)		(8.2	)
Impairment (Devaluation)	****	(0.4	)		(0.2	)		(0.2	)
Reversal of (Provision for) Reserve for Possible Losses on Investments	****	—	****		—			—
Gains (Losses) on Derivatives other than for Trading	****	0.5	****		10.5			(10.0	)
Mizuho Trust & Banking									****
	First Quarter of<br>Fiscal 2024			Change			First Quarter of<br>Fiscal 2023
Net Gains (Losses) related to Stocks	****	1.5	****		0.8			0.7
Gains on Sales	****	1.6	****		0.9			0.7
Losses on Sales	****	(0.0	)		(0.0	)		(0.0	)
Impairment (Devaluation)	****	(0.0	)		(0.0	)		—
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) OtherSecurities

	(Billions of yen)
	As of June 30, 2024									As of March 31, 2024
	Book Value<br>(=Fair Value)		Unrealized Gains/Losses							Book Value<br>(=Fair Value)		Unrealized Gains/Losses
						Gains		Losses						Gains		Losses
MHFG (Consolidated)
Other Securities	****	35,046.5	****	1,124.2	****		2,249.1		1,124.8		32,731.5		1,326.8		2,339.3		1,012.5
Japanese Stocks	****	3,088.9	****	2,186.1	****		2,191.4		5.2		3,102.6		2,185.7		2,190.4		4.7
Japanese Bonds	****	16,341.1	****	(51.6	)		10.4		62.0		14,366.3		(28.5	)	18.1		46.6
Japanese Government Bonds	****	13,105.3	****	0.2	****		2.7		2.4		10,974.3		6.2		9.3		3.0
Other	****	15,616.4	****	(1,010.2	)		47.2		1,057.4		15,262.4		(830.3	)	130.8		961.1
Foreign Bonds	****	13,220.0	****	(833.1	)		8.6		841.7		12,293.4		(711.6	)	20.3		731.9
*	In addition to “Securities” on the consolidated balance sheets, NCDs in “Cash and Due from<br>Banks,” certain items in “Other Debt Purchased” and certain items in “Other Assets” are also included.
---	---
*	Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the<br>deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of June 30, 2024 and March 31, 2024 are ¥237.8 billion (Foreign Bonds ¥244.9 billion and Japanese Government Bonds ¥(1.1)<br>billion) and ¥181.7 billion (Foreign Bonds ¥218.1 billion and Japanese Government Bonds ¥(6.0) billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of June 30,<br>2024 and March 31, 2024 are ¥1,362.1 billion (Foreign Bonds ¥(588.1) billion and Japanese Government Bonds ¥(0.8) billion) and ¥1,508.6 billion (Foreign Bonds ¥(493.5) billion and Japanese Government Bonds ¥0.2<br>billion), respectively.
---	---
*	Unrealized Gains/Losses on Other Securities as of June 30, 2024 and March 31, 2024 include translation<br>differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated<br>balance sheet by applying the fair-value hedge accounting and others.
---	---

(2) Bonds Held to Maturity

	(Billions of yen)
	As of June 30, 2024								As of March 31, 2024
	Book Value		Unrealized Gains/Losses						Book Value		Unrealized Gains/Losses
					Gains		Losses			****			Gains		Losses
MHFG (Consolidated)	****	4,551.9	****	(221.8)		5.9		227.8		4,045.1		(182.2)		8.7		190.9

2-4

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregate Figures for the 2 Banks

(1) OtherSecurities

	(Billions of yen)
	As of June 30, 2024									As of March 31, 2024
	Book Value		Unrealized Gains/Losses							Book Value		Unrealized Gains/Losses
	(=Fair Value)					Gains		Losses		(=Fair Value)					Gains		Losses
MHBK
Other Securities	****	33,899.9	****	924.9	****	****	2,048.3	****	1,123.3		31,711.5		1,126.3			2,137.6		1,011.2
Japanese Stocks	****	2,824.9	****	1,990.2	****	****	1,994.1	****	3.9		2,836.6		1,988.7			1,992.3		3.6
Japanese Bonds	****	16,227.5	****	(51.9	)	****	10.0	****	61.9		14,252.0		(29.0	)		17.5		46.6
Japanese Government Bonds	****	13,094.3	****	0.2	****	****	2.7	****	2.4		10,963.3		6.2			9.3		3.0
Other	****	14,847.4	****	(1,013.2	)	****	44.1	****	1,057.4		14,622.7		(833.3	)		127.7		961.0
Foreign Bonds	****	12,569.3	****	(835.0	)	****	6.7	****	841.7		11,723.0		(712.9	)		18.9		731.8
MHTB
Other Securities	****	234.6	****	113.7	****	****	115.1	****	1.3		239.6		116.5			117.6		1.0
Japanese Stocks	****	169.0	****	113.0	****	****	114.3	****	1.2		172.6		115.5			116.6		1.0
Japanese Bonds	****	60.5	****	0.2	****	****	0.3	****	0.0		61.7		0.3			0.4		0.0
Japanese Government Bonds	****	— ****	****	— ****	****	****	— ****	****	— ****		—		—			—		—
Other	****	4.9	****	0.5	****	****	0.5	****	0.0		5.2		0.6			0.6		0.0
Foreign Bonds	****	— ****	****	— ****	****	****	— ****	****	— ****		—		—			—		—
Total
Other Securities	****	34,134.6	****	1,038.7	****	****	2,163.5	****	1,124.7		31,951.1		1,242.8			2,255.2		1,012.3
Japanese Stocks	****	2,994.0	****	2,103.2	****	****	2,108.4	****	5.2		3,009.3		2,104.2			2,108.9		4.6
Japanese Bonds	****	16,288.1	****	(51.6	)	****	10.3	****	62.0		14,313.7		(28.6	)		17.9		46.6
Japanese Government Bonds	****	13,094.3	****	0.2	****	****	2.7	****	2.4		10,963.3		6.2			9.3		3.0
Other	****	14,852.4	****	(1,012.7	)	****	44.6	****	1,057.4		14,627.9		(832.7	)		128.3		961.0
Foreign Bonds	****	12,569.3	****	(835.0	)	****	6.7	****	841.7		11,723.0		(712.9	)		18.9		731.8
*	In addition to “Securities” on the balance sheets, NCDs in “Cash and Due from Banks” and<br>certain items in “Other Debt Purchased” are also included.
---	---
*	Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the<br>deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment (aggregate figures for the 2 banks) as of June 30, 2024 and March 31, 2024 are ¥237.8 billion (Foreign Bonds ¥244.9 billion and<br>Japanese Government Bonds ¥(1.1) billion) and ¥181.7 billion (Foreign Bonds ¥218.1 billion and Japanese Government Bonds ¥(6.0) billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among<br>hedging instruments (aggregate figures for the 2 banks) as of June 30, 2024 and March 31, 2024 are ¥1,276.5 billion (Foreign Bonds ¥(590.0) billion and Japanese Government Bonds ¥(0.8) billion) and<br>¥1,408.9 billion (Foreign Bonds ¥(494.8) billion and Japanese Government Bonds ¥0.2 billion), respectively.
---	---
*	Unrealized Gains/Losses on Other Securities as of June 30, 2024 and March 31, 2024 include translation<br>differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the<br>fair-value hedge accounting.
---	---

2-5

Mizuho Financial Group, Inc.

(2) Bonds Held to Maturity

	(Billions of yen)
	As of June 30, 2024									As of March 31, 2024
	Book Value		Unrealized Gains/Losses							Book Value		Unrealized Gains/Losses
						Gains		Losses						Gains		Losses
MHBK	****	4,551.9	****	(221.8	)		5.9		227.8		4,045.1		(182.2	)	8.7		190.9
MHTB	****	—	****	—	****		—		—		—	****	—	****	—	****	—
Total	****	4,551.9	****	(221.8	)		5.9		227.8		4,045.1		(182.2	)	8.7		190.9
(3) Investments in Subsidiaries andAffiliates
	(Billions of yen)
	As of June 30, 2024									As of March 31, 2024
	Book Value		Unrealized Gains/Losses							Book Value		Unrealized Gains/Losses
						Gains		Losses						Gains		Losses
MHBK	****	106.1	****	430.1	****		430.1		—		106.1		468.9		468.9		—
MHTB	****	—	****	—	****		—		—		—	****	—	****	—	****	—
Total	****	106.1	****	430.1	****		430.1		—		106.1		468.9		468.9		—

(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 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 June 30, 2024						As of<br>March 31,2024
	Unrealized Gains/Losses						Unrealized<br>Gains/Losses
				Change
Other Securities	****	1,071.5	****		(202.1)			1,273.7
Japanese Stocks	****	2,133.7	****		0.5			2,133.2
Japanese Bonds	****	(51.6	)		(23.0	)		(28.5	)
Japanese Government Bonds	****	0.2	****		(5.9	)		6.2
Other	****	(1,010.5	)		(179.5)			(830.9	)
Foreign Bonds	****	(833.4	)		(121.1	)		(712.2	)
Non-Consolidated
Aggregate Figures for the 2 Banks
	(Billions of yen)
	As of June 30, 2024						As of<br>March 31,2024
	Unrealized Gains/Losses						Unrealized<br>Gains/Losses
				Change
Other Securities	****	987.2	****		(203.0	)		1,190.3
Japanese Stocks	****	2,051.7	****		0.0			2,051.7
Japanese Bonds	****	(51.6	)		(23.0	)		(28.6	)
Japanese Government Bonds	****	0.2	****		(5.9	)		6.2
Other	****	(1,012.7	)		(180.0	)		(832.7	)
Foreign Bonds	****	(835.0	)		(122.0	)		(712.9	)

2-6

Mizuho Financial Group, Inc.

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

Consolidated

	(Billions of yen)
	As of June 30, 2024					As of<br>March 31, 2024
			Change
Claims against Bankrupt and Substantially Bankrupt Obligors	****	40.5		4.0			36.4
Claims with Collection Risk	****	717.3		16.6			700.7
Claims for Special Attention	****	503.5		(11.9	)		515.5
Loans Past Due for 3 Months or More	****	0.7		0.2			0.4
Restructured Loans	****	502.8		(12.2	)		515.0
Sub-total[1]	****	1,261.4		8.7			1,252.7
Normal Claims	****	109,235.5		3,854.7			105,380.8
Total[2]	****	110,497.0		3,863.4			106,633.5
Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table<br>below.
Amount of Partial Direct Write-offs	****	112.5		5.2			107.2
	(%)
NPL ratio[1]/[2]	****	1.14		(0.03	)		1.17
Trust Account
	(Billions of yen)
	As of June 30, 2024					As of<br>March 31, 2024
			Change
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	****	2.0		(0.0	)		2.1
Total[4]	****	2.0		(0.0	)		2.1
	(%)
NPL ratio[3]/[4]	****	—		—			—

2-7

Mizuho Financial Group, Inc.

Consolidated + Trust Account

	(Billions of yen)
	As of June 30, 2024					As of<br>March 31, 2024
			Change
Claims against Bankrupt and Substantially Bankrupt Obligors	****	40.5		4.0			36.4
Claims with Collection Risk	****	717.3		16.6			700.7
Claims for Special Attention	****	503.5		(11.9	)		515.5
Loans Past Due for 3 Months or More	****	0.7		0.2			0.4
Restructured Loans	****	502.8		(12.2	)		515.0
Sub-total[5]	****	1,261.4		8.7			1,252.7
Normal Claims	****	109,237.5		3,854.6			105,382.9
Total[6]	****	110,499.0		3,863.3			106,635.6
Above figures<br>are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs	****	112.5		5.2			107.2
	(%)
NPL ratio[5]/[6]	****	1.14		(0.03	)		1.17

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

2-8

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregate Figures for the 2 Banks

(Banking Account +Trust Account)

	(Billions of yen)
	As of June 30, 2024					As of<br>March 31, 2024
			Change
Claims against Bankrupt and Substantially Bankrupt Obligors	****	30.6		3.9			26.6
Claims with Collection Risk	****	716.1		7.5			708.6
Claims for Special Attention	****	498.1		(22.7	)		520.9
Loans Past Due for 3 Months or More	****	0.7		0.2			0.4
Restructured Loans	****	497.4		(23.0	)		520.4
Sub-total[1]	****	1,244.9		(11.2	)		1,256.2
Normal Claims	****	112,800.9		3,917.1			108,883.7
Total[2]	****	114,045.8		3,905.8			110,140.0
Above figures<br>are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs	****	110.5		5.2			105.3
	(%)
NPL ratio[1]/[2]	****	1.09		(0.04	)		1.14
Mizuho Bank
	(Billions of yen)
Claims against Bankrupt and Substantially Bankrupt Obligors	****	30.5		3.9			26.5
Claims with Collection Risk	****	707.1		7.7			699.3
Claims for Special Attention	****	488.8		(22.9	)		511.7
Loans Past Due for 3 Months or More	****	0.6		0.2			0.4
Restructured Loans	****	488.1		(23.2	)		511.3
Sub-total[3]	****	1,226.5		(11.1	)		1,237.7
Normal Claims	****	109,986.6		3,976.7			106,009.8
Total[4]	****	111,213.1		3,965.5			107,247.6
Above figures<br>are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs	****	110.3		5.2			105.1
	(%)
NPL ratio[3]/[4]	****	1.10		(0.05	)		1.15

2-9

Mizuho Financial Group, Inc.

Mizuho Trust & Banking

(Banking Account)

	(Billions of yen)
Claims against Bankrupt and Substantially Bankrupt Obligors	****	0.0	0.0		0.0
Claims with Collection Risk	****	9.0	(0.2)		9.2
Claims for Special Attention	****	9.2	0.1		9.1
Loans Past Due for 3 Months or More	****	0.0	0.0		—
Restructured Loans	****	9.2	0.1		9.1
Sub-total[5]	****	18.3	(0.0	)	18.4
Normal Claims	****	2,812.2	(59.5)		2,871.8
Total[6]	****	2,830.6	(59.6	)	2,890.3
Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table<br>below.
Amount of Partial Direct Write-offs	****	0.2	—		0.2
	(%)
NPL ratio[5]/[6]	****	0.64	0.01		0.63
(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	****	2.0	(0.0	)	2.1
Total[8]	****	2.0	(0.0	)	2.1
	(%)
NPL ratio[7]/[8]	****	—	—		—

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

2-10

Mizuho Financial Group, Inc.

5. Status of Deposits and Loans

Non-Consolidated

(1)-1 Deposits

Aggregate Figures for the 2 Banks

	(Billions of yen)
	As of<br>June 30, 2024					As of<br>March 31, 2024
			Change
MHBK	****	152,958.9		(1,448.8	)		154,407.8
MHTB	****	2,525.6		(104.5	)		2,630.1
Total	****	155,484.5		(1,553.4	)		157,038.0

(1)-2 Domestic Deposits

Aggregate Figures for the 2 Banks

	(Billions of yen)
	As of<br>June 30, 2024					As of<br>March 31, 2024
			Change
MHBK	****	118,442.7		(4,491.8	)		122,934.6
Individual deposits	****	48,863.7		619.1			48,244.5
MHTB	****	2,525.6		(104.5	)		2,630.1
Individual deposits	****	765.8		20.1			745.6
Total	****	120,968.3		(4,596.4	)		125,564.8
Individual deposits	****	49,629.6		639.3			48,990.2

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<br>June 30, 2024					As of<br>March 31, 2024
			Change
MHBK	****	94,774.1		2,890.1			91,884.0
MHTB	****	2,806.8		(61.3	)		2,868.2
Total	****	97,581.0		2,828.7			94,752.2

Note: Loans to MHFG are included as follows:

As of June 30, 2024: ¥394.0 billion (from MHBK)

As of March 31, 2024: ¥631.0 billion (from MHBK)

2-11

Mizuho Financial Group, Inc.

(3) Interest Margins (Domestic Operations)

Mizuho Bank

		(%)
		First Quarter of<br><br><br>Fiscal 2024<br><br><br>(For the three months)	Change	First Quarter of<br><br><br>Fiscal 2023<br><br><br>(For the three months)
Return on Loans and Bills Discounted	1	0.85	0.09	0.75
Cost of Deposits	2	0.01	0.01	0.00
Loan and Deposit Rate Margin [1]-[2]	3	0.83	0.08	0.75
Notes: 1. Return on Loans and Bills Discounted excludes loans to financial<br>institutions (including MHFG).<br> <br>2. Deposits include<br>NCDs.
(Reference) After excluding Loans to the Japanese government and others
Return on Loans and Bills Discounted	4	0.87	0.10	0.77
Loan and Deposit Rate Margin [4]-[2]	5	0.86	0.08	0.77
Mizuho Trust & Banking
		(%)
		First Quarter of<br><br><br>Fiscal 2024<br> <br>(For the threemonths)	Change	First Quarter of<br><br><br>Fiscal 2023<br> <br>(For the threemonths)
Return on Loans and Bills Discounted	6	0.70	0.08	0.62
Cost of Deposits	7	0.02	0.01	0.00
Loan and Deposit Rate Margin [6]-[7]	8	0.68	0.06	0.61
Notes: 1. Return on Loans and Bills Discounted excludes loans to financial<br>institutions (including MHFG).<br> <br>2. Deposits include<br>NCDs.
(Reference) After excluding Loans to the Japanese government and others
Return on Loans and Bills Discounted	9	0.70	0.08	0.62
Loan and Deposit Rate Margin [9]-[7]	10	0.68	0.06	0.61
(Reference)
Aggregate Figures for the 2 Banks
		(%)
		First Quarter of<br><br><br>Fiscal 2024<br> <br>(For the threemonths)	Change	First Quarter of<br><br><br>Fiscal 2023<br> <br>(For the threemonths)
Return on Loans and Bills Discounted	11	0.84	0.09	0.74
Cost of Deposits	12	0.01	0.01	0.00
Loan and Deposit Rate Margin [11]-[12]	13	0.82	0.08	0.74
Notes: 1. Return on Loans and Bills Discounted excludes loans to financial<br>institutions (including MHFG).<br> <br>2. Deposits include<br>NCDs.
(Reference) After excluding Loans to the Japanese government and others
Return on Loans and Bills Discounted	14	0.86	0.10	0.76
Loan and Deposit Rate Margin [14]-[12]	15	0.85	0.08	0.76

2-12

Mizuho Financial Group, Inc.

(Attachments)

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)

OF MIZUHO BANK

	Millions of yen
	As of<br>June 30,<br>2024 (A)			As of<br>March 31,<br>2024 (B)			Change<br>(A) - (B)
Assets
Cash and Due from Banks	¥	69,093,811	****	¥	70,442,184		¥	(1,348,372	)
Call Loans	****	731,718	****		779,066			(47,347	)
Receivables under Resale Agreements	****	5,981,200	****		6,693,619			(712,418	)
Guarantee Deposits Paid under Securities Borrowing Transactions	****	198,068	****		188,451			9,616
Other Debt Purchased	****	707,232	****		707,057			174
Trading Assets	****	8,756,941	****		7,027,086			1,729,854
Money Held in Trust	****	506	****		505			0
Securities	****	40,640,089	****		37,809,325			2,830,763
Loans and Bills Discounted	****	94,774,169	****		91,884,028			2,890,140
Foreign Exchange Assets	****	2,210,078	****		2,171,460			38,618
Derivatives other than for Trading	****	6,758,690	****		9,081,601			(2,322,910	)
Other Assets	****	6,175,273	****		6,144,905			30,367
Tangible Fixed Assets	****	840,711	****		872,336			(31,625	)
Intangible Fixed Assets	****	427,219	****		404,708			22,510
Prepaid Pension Cost	****	355,780	****		336,001			19,779
Deferred Tax Assets	****	268,758	****		185,189			83,569
Customers’ Liabilities for Acceptances and Guarantees	****	12,783,764	****		11,745,869			1,037,894
Reserves for Possible Losses on Loans	****	(758,864	)		(755,930	)		(2,933	)
Total Assets	¥	249,945,150	****	¥	245,717,469		¥	4,227,681
Liabilities
Deposits	¥	152,958,933	****	¥	154,407,832		¥	(1,448,898	)
Negotiable Certificates of Deposit	****	12,436,005	****		11,250,486			1,185,518
Call Money	****	1,923,821	****		1,009,589			914,232
Payables under Repurchase Agreements	****	23,308,298	****		22,254,496			1,053,802
Guarantee Deposits Received under Securities Lending Transactions	****	168,981	****		38,776			130,205
Commercial Paper	****	1,353,856	****		1,165,988			187,868
Trading Liabilities	****	6,888,251	****		5,958,376			929,874
Borrowed Money	****	14,587,971	****		14,124,762			463,209
Foreign Exchange Liabilities	****	1,329,700	****		1,181,438			148,262
Bonds and Notes	****	592,566	****		641,904			(49,338	)
Derivatives other than for Trading	****	8,471,293	****		10,309,625			(1,838,331	)
Other Liabilities	****	6,610,954	****		4,596,842			2,014,111
Reserve for Bonus Payments	****	14,238	****		38,758			(24,519	)
Reserve for Variable Compensation	****	726	****		801			(75	)
Reserve for Possible Losses on Sales of Loans	****	9,440	****		8,645			795
Reserve for Contingencies	****	8,799	****		4,105			4,693
Reserve for Reimbursement of Deposits	****	8,810	****		9,871			(1,060	)
Reserve for Reimbursement of Debentures	****	24,478	****		25,125			(646	)
Deferred Tax Liabilities for Revaluation Reserve for Land	****	46,421	****		57,583			(11,161	)
Acceptances and Guarantees	****	12,783,764	****		11,745,869			1,037,894
Total Liabilities	****	243,527,317	****		238,830,880			4,696,436
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	****	2,354,977	****		2,615,322			(260,344	)
Appropriated Reserve	****	624,534	****		524,533			100,000
Other Retained Earnings	****	1,730,443	****		2,090,788			(360,345	)
Retained Earnings Brought Forward	****	1,730,443	****		2,090,788			(360,345	)
Total Shareholders’ Equity	****	6,018,435	****		6,278,779			(260,344	)
Net Unrealized Gains (Losses) on Other Securities, net of Taxes	****	649,374	****		791,974			(142,599	)
Net Deferred Hedge Gains (Losses), net of Taxes	****	(351,566	)		(311,045	)		(40,520	)
Revaluation Reserve for Land, net of Taxes	****	101,589	****		126,879			(25,290	)
Total Valuation and Translation Adjustments	****	399,397	****		607,808			(208,410	)
Total Net Assets	****	6,417,833	****		6,886,588			(468,755	)
Total Liabilities and Net Assets	¥	249,945,150	****	¥	245,717,469		¥	4,227,681

2-13

Mizuho Financial Group, Inc.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OFINCOME (selected items)

OF MIZUHO BANK

	Millions of yen
	For the three months<br>ended June 30, 2024<br>(A)			For the three months<br>ended June 30, 2023<br>(B)		Change<br>(A) - (B)
Ordinary Income	¥	1,697,297	****	¥	1,318,435	¥	378,861
Interest Income	****	1,325,095	****		1,039,208		285,887
Interest on Loans and Bills Discounted	****	688,819	****		606,408		82,411
Interest and Dividends on Securities	****	192,853	****		109,345		83,508
Fee and Commission Income	****	155,703	****		135,480		20,222
Trading Income	****	54,685	****		151		54,533
Other Operating Income	****	66,467	****		57,605		8,861
Other Ordinary Income	****	95,345	****		85,989		9,356
Ordinary Expenses	****	1,443,651	****		1,115,515		328,136
Interest Expenses	****	1,080,202	****		828,977		251,224
Interest on Deposits	****	457,167	****		372,698		84,469
Fee and Commission Expenses	****	67,171	****		53,042		14,128
Trading Expenses	****	—	****		4,702		(4,702	)
Other Operating Expenses	****	24,892	****		6,633		18,258
General and Administrative Expenses	****	220,476	****		191,947		28,529
Other Ordinary Expenses	****	50,909	****		30,211		20,698
Ordinary Profits	****	253,645	****		202,920		50,725
Extraordinary Gains	****	42,911	****		20,018		22,892
Extraordinary Losses	****	2,042	****		295		1,747
Income before Income Taxes	****	294,514	****		222,643		71,871
Income Taxes:
Current	****	95,118	****		27,444		67,674
Deferred	****	(14,974	)		34,067		(49,041	)
Net Income	¥	214,369	****	¥	161,131	¥	53,237

2-14