Mizuho Financial Group Inc 6-K, filed Feb 3, 2025
Mizuho Financial Group Inc (MFG)
About this 6-K
Mizuho Financial Group Inc filed this 6-K on February 3, 2025.
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 2025
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NO. 333-266555) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.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: | February 3, 2025 | |
| 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 Third Quarter of Fiscal 2024 (Nine months ended December 31, 2024) (Under Japanese GAAP) |
|
| Company Name: | Mizuho Financial Group, Inc. (“MHFG”) | February 3, 2025 |
| 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 Third Quarter of Fiscal 2024 (for the nine months ended December 31, 2024)
(1) Consolidated Results of Operations (Accumulated Period)
| (%: Changes from the corresponding period of the previous fiscal year) |
| |||||||||||||||||||||||
| Ordinary Income | Ordinary Profits | Profit Attributable to Owners of Parent |
||||||||||||||||||||||
| ¥ million | % | ¥ million | % | ¥ million | % | |||||||||||||||||||
| 3Q F2024 |
7,073,521 | 14.8 | 1,126,538 | 27.6 | 855,374 | 33.1 | ||||||||||||||||||
| 3Q F2023 |
6,160,482 | 42.9 | 882,850 | 34.1 | 642,320 | 18.2 | ||||||||||||||||||
| Note: | Comprehensive Income: 3Q F2024: ¥637,001 million, (34.5)%; 3Q F2023: ¥972,881 million, —% | |||||||||||||||||||
| Earnings per Share of Common Stock |
Diluted Earnings per Share of Common Stock |
|||||||
| ¥ | ¥ | |||||||
| 3Q F2024 |
337.64 | 337.64 | ||||||
| 3Q F2023 |
253.41 | 253.41 | ||||||
(2) Consolidated Financial Conditions
| Total Assets | Total Net Assets | Own Capital Ratio | ||||||||||
| ¥ million | ¥ million | % | ||||||||||
| 3Q F2024 |
285,391,446 | 10,583,107 | 3.6 | |||||||||
| Fiscal 2023 |
278,672,151 | 10,312,135 | 3.6 | |||||||||
| Reference: |
Own Capital: | |
| As of December 31, 2024: ¥10,502,145 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 × 100 Own Capital Ratio stated above is not calculated based on the public notice of Own Capital Ratio. |
2. Cash Dividends for Shareholders of Common Stock
| Annual Cash Dividends per Share | ||||||||||||||||||||
| First Quarter-end |
Second Quarter-end |
Third Quarter-end |
Fiscal Year-end |
Total | ||||||||||||||||
| ¥ | ¥ | ¥ | ¥ | ¥ | ||||||||||||||||
| Fiscal 2023 |
— | 50.00 | — | 55.00 | 105.00 | |||||||||||||||
| Fiscal 2024 |
— | 65.00 | — | |||||||||||||||||
| Fiscal 2024 (estimate) |
65.00 | 130.00 | ||||||||||||||||||
| 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)
| (%: Changes from the previous fiscal year) | ||||||||||||||||||||
| Profit Attributable to Owners of Parent |
Earnings per Share of Common Stock |
|||||||||||||||||||
| ¥ million | % | ¥ | ||||||||||||||||||
| Fiscal 2024 |
820,000 | 20.7 | 324.12 | |||||||||||||||||
| 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 the 1Q, 2Q and 3Q and the number of outstanding shares during the remainder of the relevant period (which is substituted with the number of outstanding shares (excluding treasury stock and others) as of December 31, 2024). |
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 treasury stock): |
As of December 31, 2024 | 2,539,249,894 shares | As of March 31, 2024 | 2,539,249,894 shares | ||||
| ii. Period-end treasury stock: |
As of December 31, 2024 | 19,951,487 shares | As of March 31, 2024 | 4,739,805 shares | ||||
| iii. Average outstanding shares (accumulated period): |
3Q Fiscal 2024 | 2,533,336,417 shares | 3Q Fiscal 2023 | 2,534,658,103 shares |
Review of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: No
| This immediate release contains statements that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including estimates, forecasts, targets and plans. Such forward-looking statements do not represent any guarantee by management of future performance. In many cases, but not all, we use such words as “aim,” “anticipate,” “believe,” “endeavor,” “estimate,” “expect,” “intend,” “may,” “plan,” “probability,” “project,” “risk,” “seek,” “should,” “strive,” “target” and similar expressions in relation to us or our management to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements reflect our current views with respect to future events and are subject to risks, uncertainties and assumptions. We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: impact of geopolitical disruptions; intensification of competition in the market for financial services; incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline in our deferred tax assets; impairment of the carrying value of our long-lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our 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 economic conditions in Japan and elsewhere; and changes to applicable laws and regulations. Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3. D. Key Information-Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) and our report on Form 6-K furnished to the SEC on December 26, 2024, both of which are available in the Financial Information section of our web page at www.mizuhogroup.com and also at the SEC’s web site at www.sec.gov. We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange. |
Mizuho Financial Group, Inc.
m Contents of Attachment
| 1. Overview of Consolidated Results of Operations and Financial Condition | 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 | |
| (The Framework for Financial Reporting applied to Quarterly Consolidated Financial Statements) |
||
| (Matters Related to the Assumption of Going Concern) |
||
| (Significant Changes in the Amount of Shareholders’ Equity) |
||
| (Business Segments Information) |
||
| (Consolidated Statement of Cash Flows) |
||
| øSELECTED FINANCIAL INFORMATION For the Third 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 Condition
The subject matter is described in the “Summary of Financial Results for the Third Quarter of FY2024” disclosed on February 3, 2025 (Monday), 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, Third 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 March 31, 2024 |
As of December 31, 2024 |
|||||||
| Assets |
||||||||
| Cash and Due from Banks |
¥ | 72,968,900 | ¥ | 64,766,427 | ||||
| Call Loans and Bills Purchased |
1,259,964 | 662,357 | ||||||
| Receivables under Resale Agreements |
20,533,096 | 26,149,842 | ||||||
| Guarantee Deposits Paid under Securities Borrowing Transactions |
2,357,463 | 2,111,382 | ||||||
| Monetary Claims Bought |
4,174,891 | 4,037,975 | ||||||
| Trading Assets |
21,381,444 | 24,560,610 | ||||||
| Money Held in Trust |
583,647 | 603,971 | ||||||
| Securities |
38,245,422 | 36,302,752 | ||||||
| Loans and Bills Discounted |
92,778,781 | 97,863,581 | ||||||
| Foreign Exchange Assets |
2,259,701 | 2,647,300 | ||||||
| Derivatives other than for Trading Assets |
2,606,667 | 4,270,890 | ||||||
| Other Assets |
7,364,363 | 8,488,064 | ||||||
| Tangible Fixed Assets |
1,139,470 | 1,097,061 | ||||||
| Intangible Fixed Assets |
725,142 | 792,153 | ||||||
| Net Defined Benefit Asset |
847,116 | 867,746 | ||||||
| Deferred Tax Assets |
135,428 | 195,572 | ||||||
| Customers’ Liabilities for Acceptances and Guarantees |
10,098,502 | 10,654,627 | ||||||
| Allowance for Loan Losses |
(787,848 | ) | (680,865 | ) | ||||
| Allowance for Investment Losses |
(4 | ) | (4 | ) | ||||
|
|
|
|
|
|||||
| Total Assets |
¥ | 278,672,151 | ¥ | 285,391,446 | ||||
|
|
|
|
|
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1-3
Mizuho Financial Group, Inc.
| $ | $ | |||||||
| Millions of yen | ||||||||
| As of March 31, 2024 |
As of December 31, 2024 |
|||||||
| Liabilities |
||||||||
| Deposits |
¥ | 159,854,668 | ¥ | 156,464,679 | ||||
| Negotiable Certificates of Deposit |
11,590,532 | 15,891,823 | ||||||
| Call Money and Bills Sold |
1,660,682 | 2,172,718 | ||||||
| Payables under Repurchase Agreements |
38,103,216 | 35,890,167 | ||||||
| Guarantee Deposits Received under Securities Lending Transactions |
1,306,422 | 1,481,838 | ||||||
| Commercial Paper |
1,165,988 | 1,688,127 | ||||||
| Trading Liabilities |
13,836,028 | 14,687,682 | ||||||
| Borrowed Money |
5,449,852 | 5,784,049 | ||||||
| Foreign Exchange Liabilities |
900,034 | 1,190,641 | ||||||
| Short-term Bonds |
565,736 | 698,668 | ||||||
| Bonds and Notes |
11,999,712 | 13,029,872 | ||||||
| Due to Trust Accounts |
983,877 | 989,360 | ||||||
| Derivatives other than for Trading Liabilities |
3,818,518 | 5,482,394 | ||||||
| Other Liabilities |
6,618,151 | 8,348,165 | ||||||
| Reserve for Bonus Payments |
185,977 | 148,861 | ||||||
| Reserve for Variable Compensation |
2,527 | 1,670 | ||||||
| Net Defined Benefit Liability |
67,151 | 67,526 | ||||||
| Reserve for Director and Corporate Auditor Retirement Benefits |
541 | 468 | ||||||
| Reserve for Possible Losses on Sales of Loans |
8,645 | 9,290 | ||||||
| Reserve for Contingencies |
19,321 | 20,096 | ||||||
| Reserve for Reimbursement of Deposits |
10,378 | 7,928 | ||||||
| Reserve for Reimbursement of Debentures |
25,125 | 20,924 | ||||||
| Reserves under Special Laws |
3,781 | 3,772 | ||||||
| Deferred Tax Liabilities |
27,058 | 26,972 | ||||||
| Deferred Tax Liabilities for Revaluation Reserve for Land |
57,583 | 46,009 | ||||||
| Acceptances and Guarantees |
10,098,502 | 10,654,627 | ||||||
|
|
|
|
|
|||||
| Total Liabilities |
¥ | 268,360,016 | ¥ | 274,808,339 | ||||
|
|
|
|
|
|||||
| Net Assets |
||||||||
| Common Stock |
¥ | 2,256,767 | ¥ | 2,256,767 | ||||
| Capital Surplus |
1,129,730 | 1,129,732 | ||||||
| Retained Earnings |
5,538,891 | 6,115,850 | ||||||
| Treasury Stock |
(9,402 | ) | (69,091 | ) | ||||
|
|
|
|
|
|||||
| Total Shareholders’ Equity |
8,915,987 | 9,433,259 | ||||||
|
|
|
|
|
|||||
| Net Unrealized Gains (Losses) on Other Securities |
929,815 | 728,098 | ||||||
| Deferred Gains (Losses) on Hedges |
(298,280 | ) | (349,318 | ) | ||||
| Revaluation Reserve for Land |
126,879 | 100,692 | ||||||
| Foreign Currency Translation Adjustments |
344,250 | 401,165 | ||||||
| Remeasurements of Defined Benefit Plans |
214,337 | 189,372 | ||||||
| Own Credit Risk Adjustments, Net of Tax |
(452 | ) | (1,125 | ) | ||||
|
|
|
|
|
|||||
| Total Accumulated Other Comprehensive Income |
1,316,550 | 1,068,886 | ||||||
|
|
|
|
|
|||||
| Stock Acquisition Rights |
5 | 5 | ||||||
| Non-Controlling Interests |
79,591 | 80,956 | ||||||
|
|
|
|
|
|||||
| Total Net Assets |
10,312,135 | 10,583,107 | ||||||
|
|
|
|
|
|||||
| Total Liabilities and Net Assets |
¥ | 278,672,151 | ¥ | 285,391,446 | ||||
|
|
|
|
|
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1-4
Mizuho Financial Group, Inc.
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
| Millions of yen | ||||||||
| For the nine months ended December 31, 2023 |
For the nine months ended December 31, 2024 |
|||||||
| Ordinary Income |
¥ | 6,160,482 | ¥ | 7,073,521 | ||||
| Interest Income |
4,061,818 | 4,730,018 | ||||||
| Interest on Loans and Bills Discounted |
2,020,883 | 2,151,051 | ||||||
| Interest and Dividends on Securities |
460,495 | 644,732 | ||||||
| Fiduciary Income |
45,536 | 45,532 | ||||||
| Fee and Commission Income |
738,392 | 822,102 | ||||||
| Trading Income |
909,834 | 823,101 | ||||||
| Other Operating Income |
251,861 | 301,963 | ||||||
| Other Ordinary Income |
153,038 | 350,803 | ||||||
| Ordinary Expenses |
5,277,631 | 5,946,983 | ||||||
| Interest Expenses |
3,404,582 | 3,992,754 | ||||||
| Interest on Deposits |
1,230,987 | 1,358,432 | ||||||
| Fee and Commission Expenses |
149,756 | 169,144 | ||||||
| Trading Expenses |
387,416 | — | ||||||
| Other Operating Expenses |
67,424 | 295,236 | ||||||
| General and Administrative Expenses |
1,172,275 | 1,357,822 | ||||||
| Other Ordinary Expenses |
96,176 | 132,025 | ||||||
|
|
|
|
|
|||||
| Ordinary Profits |
882,850 | 1,126,538 | ||||||
|
|
|
|
|
|||||
| Extraordinary Gains |
42,212 | 50,888 | ||||||
| Extraordinary Losses |
3,609 | 10,189 | ||||||
|
|
|
|
|
|||||
| Profit before Income Taxes |
921,452 | 1,167,237 | ||||||
|
|
|
|
|
|||||
| Income Taxes: |
||||||||
| Current |
224,731 | 266,799 | ||||||
| Deferred |
51,282 | 42,105 | ||||||
|
|
|
|
|
|||||
| Total Income Taxes |
276,014 | 308,905 | ||||||
|
|
|
|
|
|||||
| Profit |
645,438 | 858,331 | ||||||
|
|
|
|
|
|||||
| Profit Attributable to Non-controlling Interests |
3,118 | 2,956 | ||||||
|
|
|
|
|
|||||
| Profit Attributable to Owners of Parent |
¥ | 642,320 | ¥ | 855,374 | ||||
|
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|
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1-5
Mizuho Financial Group, Inc.
Consolidated Statements of Comprehensive Income
| Millions of yen | ||||||||
| For the nine months ended December 31, 2023 |
For the nine months ended December 31, 2024 |
|||||||
| Profit |
¥ | 645,438 | ¥ | 858,331 | ||||
| Other Comprehensive Income (Losses) |
327,443 | (221,329 | ) | |||||
| Net Unrealized Gains (Losses) on Other Securities |
210,789 | (201,505 | ) | |||||
| Deferred Gains (Losses) on Hedges |
8,422 | (50,624 | ) | |||||
| Foreign Currency Translation Adjustments |
136,694 | 58,818 | ||||||
| Remeasurements of Defined Benefit Plans |
(44,367 | ) | (23,354 | ) | ||||
| Own Credit Risk Adjustments, Net of Tax |
68 | (672 | ) | |||||
| Share of Other Comprehensive Income of Associates Accounted for Using Equity Method |
15,836 | (3,989 | ) | |||||
|
|
|
|
|
|||||
| Comprehensive Income |
972,881 | 637,001 | ||||||
|
|
|
|
|
|||||
| (Breakdown) |
||||||||
| Comprehensive Income Attributable to Owners of Parent |
965,394 | 633,897 | ||||||
| Comprehensive Income Attributable to Non-controlling Interests |
7,487 | 3,104 | ||||||
1-6
Mizuho Financial Group, Inc.
(3) Notes regarding Consolidated Financial Statements
(The Framework for Financial Reporting applied to Quarterly Consolidated Financial Statements)
The quarterly consolidated financial statements, that is, the quarterly consolidated balance sheet, the quarterly consolidated statement of income, the quarterly consolidated statement of comprehensive income, and these notes, have been prepared in accordance with Article 4, Paragraph 1 of the Tokyo Stock Exchange, Inc.’s Standards for the Preparation of Quarterly Financial Statements (the Standards) and accounting principles for quarterly financial statements generally accepted in Japan. However, the omission of disclosures as prescribed in Article 4, Paragraph 2 of the Standards applies.
(Matters Related to the Assumption of Going Concern)
There is no applicable information.
(Significant Changes in the Amount of Shareholders’ Equity)
There is no applicable information.
(Business Segments Information)
| 1. | 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.
| 2. | 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 allowance for loan losses) + Net Gains (Losses) related to ETFs and others by reportable segment |
For the nine months ended December 31, 2023
| (Millions of yen) | ||||||||||||||||||||||||||||
| MHFG (Consolidated) | ||||||||||||||||||||||||||||
| RBC | CIBC | GCIBC | GMC | AMC | Others (Note 2) |
|||||||||||||||||||||||
| Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others |
531,718 | 396,192 | 534,595 | 442,008 | 41,366 | 72,169 | 2,018,048 | |||||||||||||||||||||
| General and Administrative Expenses (excluding Non-Recurring Losses and others) |
467,873 | 157,455 | 272,388 | 228,030 | 26,605 | 38,734 | 1,191,085 | |||||||||||||||||||||
| Equity in Income from Investments in Affiliates |
5,260 | 6,005 | 19,076 | — | (13,852 | ) | 620 | 17,109 | ||||||||||||||||||||
| Amortization of Goodwill and others |
4 | 610 | 648 | — | 4,855 | 261 | 6,378 | |||||||||||||||||||||
| Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others |
69,101 | 244,132 | 280,635 | 213,978 | (3,946 | ) | 33,793 | 837,693 | ||||||||||||||||||||
| Notes: | 1. | Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others is reported instead of sales reported by general corporations. Net Gains (Losses) related to ETFs and others amounted to ¥19,784 million, of which ¥17,149 million is included in the GMC. | ||
| 2. | “Others” includes items which should be eliminated as internal transactions between each segment on a consolidated basis. | |||
| 3. | Following the change in allocation method for transactions between each segment and “Others” made in April 2024, reclassification was made on the above table to reflect the relevant change. |
For the nine months ended December 31, 2024
| (Millions of yen) | ||||||||||||||||||||||||||||
| MHFG (Consolidated) | ||||||||||||||||||||||||||||
| RBC | CIBC | GCIBC | GMC | AMC | Others (Note 2) |
|||||||||||||||||||||||
| Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others |
587,615 | 437,778 | 599,855 | 493,656 | 43,869 | 144,188 | 2,306,961 | |||||||||||||||||||||
| General and Administrative Expenses (excluding Non-Recurring Losses and others) |
513,721 | 174,185 | 330,161 | 259,627 | 28,213 | 64,728 | 1,370,635 | |||||||||||||||||||||
| Equity in Income from Investments in Affiliates |
5,814 | 8,234 | 20,503 | — | 591 | 3,523 | 38,665 | |||||||||||||||||||||
| Amortization of Goodwill and others |
4 | 618 | 4,657 | — | 4,587 | 910 | 10,776 | |||||||||||||||||||||
| Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others |
79,704 | 271,209 | 285,540 | 234,029 | 11,660 | 82,073 | 964,215 | |||||||||||||||||||||
| Notes: | 1. | Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others is reported instead of sales reported by general corporations. Net Gains (Losses) related to ETFs and others amounted to ¥41,378 million, of which ¥36,316 million is included in the GMC. | ||
| 2. | “Others” includes items which should be eliminated as internal transactions between each segment on a consolidated basis. |
1-8
Mizuho Financial Group, Inc.
| 3. | 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 allowance for loan losses) + 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 allowance for loan losses) + Net Gains (Losses) related to ETFs and others derived from internal management reporting are different from Profit before Income Taxes recorded in the Quarterly Consolidated Statement of Income.
The contents of the difference for the nine months ended December 31, 2023 and 2024, are as follows:
| (Millions of yen) | ||||||||
| For the nine months ended December 31, 2023 |
For the nine months ended December 31, 2024 |
|||||||
| Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others |
837,693 | 964,215 | ||||||
| General and Administrative Expenses (Non-Recurring Losses) |
25,188 | 23,588 | ||||||
| Expenses related to Portfolio Problems (including reversal of (provision for) general allowance for loan losses) |
(19,218 | ) | (16,517 | ) | ||||
| Gains on Reversal of allowance for loan losses, and others |
5,320 | 55,066 | ||||||
| Net Gains (Losses) related to Stocks - Net Gains (Losses) related to ETFs and others |
59,769 | 114,448 | ||||||
| Net Extraordinary Gains (Losses) |
38,602 | 40,698 | ||||||
| Others |
(25,902 | ) | (14,263 | ) | ||||
|
|
|
|
|
|||||
| Profit before Income Taxes recorded in Quarterly Consolidated Statement of Income |
921,452 | 1,167,237 | ||||||
|
|
|
|
|
|||||
(Consolidated Statement of Cash Flows)
We have not prepared Quarterly Consolidated Statement of Cash Flows for the nine months ended December 31, 2024. Depreciation (including Amortization of Intangible Fixed Assets excluding Goodwill) and Amortization of Goodwill for the nine months ended December 31, 2023 and 2024 are as follows:
| (Millions of yen) | ||||||||
| For the nine months ended December 31, 2023 |
For the nine months ended December 31, 2024 |
|||||||
| Depreciation |
124,502 | 143,574 | ||||||
| Amortization of Goodwill |
2,872 | 5,646 | ||||||
1-9
SELECTED FINANCIAL INFORMATION
For the Third Quarter of Fiscal 2024
(Nine months ended December 31, 2024)
(Under Japanese GAAP)
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 2024 |
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. Status of Non Performing Loans based on the Banking Act (“BA”) and the Financial Reconstruction Act (“FRA”) |
CON | NON | 2-7 | |||||||||
| 5. Status of Deposits and Loans |
NON | 2-11 | ||||||||||
| Attachments |
Page | |||||||||||
| Mizuho Bank, Ltd. |
||||||||||||
| Comparison of Non-Consolidated Balance Sheets (selected items) |
2-13 | |||||||||||
| Comparison of Non-Consolidated Statements of Income (selected items) |
2-14 | |||||||||||
This immediate release contains statements that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including estimates, forecasts, targets and plans. Such forward-looking statements do not represent any guarantee by management of future performance.
In many cases, but not all, we use such words as “aim,” “anticipate,” “believe,” “endeavor,” “estimate,” “expect,” “intend,” “may,” “plan,” “probability,” “project,” “risk,” “seek,” “should,” “strive,” “target” and similar expressions in relation to us or our management to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements reflect our current views with respect to future events and are subject to risks, uncertainties and assumptions.
We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: impact of geopolitical disruptions; intensification of competition in the market for financial services; incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline in our deferred tax assets; impairment of the carrying value of our long-lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our 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 economic conditions in Japan and elsewhere; and changes to applicable laws and regulations.
Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3.D. Key Information-Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), and our report on Form 6-K furnished to the SEC on December 26, 2024, both of which are available in the Financial Information section of our web page at www.mizuhogroup.com and also at the SEC’s web site at www.sec.gov.
We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange.
Mizuho Financial Group, Inc.
FINANCIAL INFORMATION FOR THE THIRD QUARTER OF FISCAL 2024
1. Income Analysis
Consolidated
| (Billions of yen) | ||||||||||||||||
| Third Quarter of Fiscal 2024 (Accumulated Period) |
Third Quarter of Fiscal 2023 (Accumulated Period) |
|||||||||||||||
| Change | ||||||||||||||||
| Consolidated Gross Profits |
1 | 2,265.5 | 267.3 | 1,998.2 | ||||||||||||
| Net Interest Income |
2 | 737.2 | 80.0 | 657.2 | ||||||||||||
| Fiduciary Income |
3 | 45.5 | (0.0 | ) | 45.5 | |||||||||||
| Credit Costs of Trust Accounts |
4 | — | — | — | ||||||||||||
| Net Fee and Commission Income |
5 | 652.9 | 64.3 | 588.6 | ||||||||||||
| Net Trading Income |
6 | 823.1 | 300.6 | 522.4 | ||||||||||||
| Net Other Operating Income |
7 | 6.7 | (177.7 | ) | 184.4 | |||||||||||
| General and Administrative Expenses |
8 | (1,357.8 | ) | (185.5 | ) | (1,172.2 | ) | |||||||||
| Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) |
9 | (16.5 | ) | 2.7 | (19.2 | ) | ||||||||||
| Gains on Reversal of Allowance for Loan Losses, and others |
10 | 55.0 | 49.7 | 5.3 | ||||||||||||
| Net Gains (Losses) related to Stocks |
11 | 155.8 | 76.2 | 79.5 | ||||||||||||
| Equity in Income from Investments in Affiliates |
12 | 38.6 | 21.5 | 17.1 | ||||||||||||
| Other |
13 | (14.2 | ) | 11.6 | (25.9 | ) | ||||||||||
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| Ordinary Profits |
14 | 1,126.5 | 243.6 | 882.8 | ||||||||||||
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| Net Extraordinary Gains (Losses) |
15 | 40.6 | 2.0 | 38.6 | ||||||||||||
| Profit before Income Taxes |
16 | 1,167.2 | 245.7 | 921.4 | ||||||||||||
| Income Taxes |
17 | (308.9 | ) | (32.8 | ) | (276.0 | ) | |||||||||
| Profit |
18 | 858.3 | 212.8 | 645.4 | ||||||||||||
| Profit Attributable to Non-controlling Interests |
19 | (2.9 | ) | 0.1 | (3.1 | ) | ||||||||||
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| Profit Attributable to Owners of Parent |
20 | 855.3 | 213.0 | 642.3 | ||||||||||||
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| Credit-related Costs (including Credit Costs of Trust Accounts) |
21 | 38.5 | 52.4 | (13.8 | ) | |||||||||||
|
Credit-related Costs [21] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) [9] + Gains on Reversal of Allowance for Loan Losses, and others [10] + Credit Costs of Trust Accounts [4] |
| |||||||||||||||
| Reference: |
||||||||||||||||
| Consolidated Net Business Profits |
22 | 922.8 | 104.9 | 817.9 | ||||||||||||
|
Consolidated Net Business Profits [22] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments |
| |||||||||||||||
| Number of consolidated subsidiaries |
23 | 231 | 22 | 209 | ||||||||||||
| Number of affiliates under the equity method |
24 | 27 | 4 | 23 | ||||||||||||
2-1
Mizuho Financial Group, Inc.
Non-Consolidated
Aggregate Figures for the 2 Banks
| (Billions of yen) | ||||||||||||||||||||||||
| Third Quarter of Fiscal 2024 (Accumulated Period) |
Third Quarter of Fiscal 2023 (Accumulated Period) |
|||||||||||||||||||||||
| MHBK | MHTB | Aggregate Figures |
Change | |||||||||||||||||||||
| Gross Profits |
1 | 1,252.6 | 82.3 | 1,334.9 | 104.4 | 1,230.5 | ||||||||||||||||||
| Net Interest Income |
2 | 780.6 | 15.6 | 796.2 | 155.3 | 640.9 | ||||||||||||||||||
| Fiduciary Income |
3 | 45.8 | 45.8 | 0.0 | 45.8 | |||||||||||||||||||
| Trust Fees for Jointly Operated Designated Money Trust |
4 | 2.7 | 2.7 | (0.1 | ) | 2.9 | ||||||||||||||||||
| Credit Costs of Trust Accounts |
5 | — | — | — | — | |||||||||||||||||||
| Net Fee and Commission Income |
6 | 295.5 | 20.7 | 316.3 | (7.6 | ) | 323.9 | |||||||||||||||||
| Net Trading Income |
7 | 171.1 | 171.1 | 40.3 | 130.7 | |||||||||||||||||||
| Net Other Operating Income |
8 | 5.2 | 0.0 | 5.3 | (83.7 | ) | 89.0 | |||||||||||||||||
| General and Administrative Expenses (excluding Non-Recurring Losses) |
9 | (671.1 | ) | (65.2 | ) | (736.4 | ) | (69.7 | ) | (666.6 | ) | |||||||||||||
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| Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) (1) |
10 | 581.4 | 17.0 | 598.5 | 34.6 | 563.8 | ||||||||||||||||||
| Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas (2) |
11 | 578.0 | 17.0 | 595.0 | 71.0 | 524.0 | ||||||||||||||||||
| Excluding Net Gains (Losses) from redemption of Investment Trusts |
12 | 567.7 | 17.0 | 584.8 | 86.6 | 498.2 | ||||||||||||||||||
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| Reversal of (Provision for) General Allowance for Loan Losses |
13 | — | — | — | — | — | ||||||||||||||||||
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|||||||||||||||
| Net Business Profits |
14 | 581.4 | 17.0 | 598.5 | 34.6 | 563.8 | ||||||||||||||||||
| Net Gains (Losses) related to Bonds |
15 | 3.4 | (0.0 | ) | 3.4 | (36.3 | ) | 39.8 | ||||||||||||||||
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| Net Non-Recurring Gains (Losses) |
16 | 197.4 | 15.5 | 212.9 | 145.3 | 67.6 | ||||||||||||||||||
| Net Gains (Losses) related to Stocks |
17 | 139.7 | 9.2 | 149.0 | 87.4 | 61.5 | ||||||||||||||||||
| Expenses related to Portfolio Problems |
18 | (17.6 | ) | — | (17.6 | ) | (6.1 | ) | (11.4 | ) | ||||||||||||||
| Gains on Reversal of Allowance for Loan Losses, and others |
19 | 58.6 | 0.1 | 58.7 | 50.0 | 8.7 | ||||||||||||||||||
| Other |
20 | 16.6 | 6.1 | 22.7 | 13.9 | 8.8 | ||||||||||||||||||
| Ordinary Profits |
21 | 778.9 | 32.6 | 811.5 | 180.0 | 631.4 | ||||||||||||||||||
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| Net Extraordinary Gains (Losses) |
22 | 39.3 | 0.3 | 39.7 | 0.0 | 39.6 | ||||||||||||||||||
| Profit before Income Taxes |
23 | 818.2 | 32.9 | 851.2 | 180.0 | 671.1 | ||||||||||||||||||
| Income Taxes |
24 | (216.9 | ) | (9.4 | ) | (226.3 | ) | (9.2 | ) | (217.1 | ) | |||||||||||||
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| Profit |
25 | 601.3 | 23.5 | 624.8 | 170.8 | 454.0 | ||||||||||||||||||
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|
(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of “Credit Costs of Trust Accounts” [5]. (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[11] =Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses)[10]-Net Gains (Losses) related to Bonds[15] |
| |||||||||||||||||||||||
| Credit-related Costs |
26 | 41.0 | 0.1 | 41.1 | 43.9 | (2.7 | ) | |||||||||||||||||
| Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Allowance for Loan Losses [13] + Gains on Reversal of Allowance for Loan Losses, and others [19] + Credit Costs of Trust Accounts [5] |
| |||||||||||||||||||||||
|
Reference: Breakdown of Credit-related Costs |
||||||||||||||||||||||||
| Credit Costs of Trust Accounts |
27 | — | — | — | — | |||||||||||||||||||
| Reversal of (Provision for) General Allowance for Loan Losses |
28 | 45.3 | (0.1 | ) | 45.2 | 83.0 | (37.8 | ) | ||||||||||||||||
| Losses on Write-offs of Loans |
29 | 2.2 | 0.0 | 2.2 | 9.6 | (7.4 | ) | |||||||||||||||||
| Reversal of (Provision for) Specific Allowance for Loan Losses |
30 | (3.7 | ) | 0.1 | (3.5 | ) | (34.2 | ) | 30.6 | |||||||||||||||
| Reversal of (Provision for) Allowance for Loan Losses to Restructuring Countries |
31 | 8.9 | — | 8.9 | (3.2 | ) | 12.2 | |||||||||||||||||
| Reversal of (Provision for) Reserve for Contingencies |
32 | (3.2 | ) | 0.0 | (3.1 | ) | (4.3 | ) | 1.1 | |||||||||||||||
| Other (including Losses on Sales of Loans) |
33 | (8.4 | ) | — | (8.4 | ) | (6.8 | ) | (1.5 | ) | ||||||||||||||
| Total |
34 | 41.0 | 0.1 | 41.1 | 43.9 | (2.7 | ) | |||||||||||||||||
2-2
Mizuho Financial Group, Inc.
2. Net Gains/Losses on Stocks
Consolidated
| (Billions of yen) | ||||||||||||
| Third Quarter of Fiscal 2024 (Accumulated Period) |
Third Quarter of Fiscal 2023 (Accumulated Period) |
|||||||||||
| Change | ||||||||||||
| Net Gains (Losses) related to Stocks |
155.8 | 76.2 | 79.5 | |||||||||
| Gains on Sales |
240.4 | 117.5 | 122.8 | |||||||||
| Losses on Sales |
(72.2 | ) | (59.1 | ) | (13.1 | ) | ||||||
| Impairment (Devaluation) |
(5.9 | ) | (3.7 | ) | (2.2 | ) | ||||||
| Reversal of (Provision for) Allowance for Investment Losses |
— | — | — | |||||||||
| Gains (Losses) on Derivatives other than for Trading |
(6.3 | ) | 21.6 | (27.9 | ) | |||||||
|
Non-Consolidated
|
||||||||||||
| Aggregate Figures for the 2 Banks | Third Quarter of Fiscal 2024 (Accumulated Period) |
Third Quarter of Fiscal 2023 (Accumulated Period) |
||||||||||
| Change | ||||||||||||
| Net Gains (Losses) related to Stocks |
149.0 | 87.4 | 61.5 | |||||||||
| Gains on Sales |
226.5 | 115.8 | 110.7 | |||||||||
| Losses on Sales |
(68.0 | ) | (58.2 | ) | (9.7 | ) | ||||||
| Impairment (Devaluation) |
(3.2 | ) | 8.2 | (11.5 | ) | |||||||
| Reversal of (Provision for) Allowance for Investment Losses |
— | — | — | |||||||||
| Gains (Losses) on Derivatives other than for Trading |
(6.3 | ) | 21.6 | (27.9 | ) | |||||||
| Mizuho Bank |
Third Quarter of Fiscal 2024 (Accumulated Period) |
Third Quarter of Fiscal 2023 (Accumulated Period) |
||||||||||
| Change | ||||||||||||
| Net Gains (Losses) related to Stocks |
139.7 | 81.0 | 58.7 | |||||||||
| Gains on Sales |
216.2 | 108.4 | 107.8 | |||||||||
| Losses on Sales |
(67.9 | ) | (58.2 | ) | (9.6 | ) | ||||||
| Impairment (Devaluation) |
(2.3 | ) | 9.2 | (11.5 | ) | |||||||
| Reversal of (Provision for) Allowance for Investment Losses |
— | — | — | |||||||||
| Gains (Losses) on Derivatives other than for Trading |
(6.3 | ) | 21.6 | (27.9 | ) | |||||||
| Mizuho Trust & Banking | Third Quarter of Fiscal 2024 (Accumulated Period) |
Third Quarter of Fiscal 2023 (Accumulated Period) |
||||||||||
| Change | ||||||||||||
| Net Gains (Losses) related to Stocks |
9.2 | 6.3 | 2.8 | |||||||||
| Gains on Sales |
10.2 | 7.3 | 2.9 | |||||||||
| Losses on Sales |
(0.0 | ) | (0.0 | ) | (0.0 | ) | ||||||
| Impairment (Devaluation) |
(0.9 | ) | (0.9 | ) | — | |||||||
| Reversal of (Provision for) Allowance for Investment Losses |
— | — | — | |||||||||
| Gains (Losses) on Derivatives other than for Trading |
— | — | — | |||||||||
2-3
Mizuho Financial Group, Inc.
3. Unrealized Gains/Losses on Securities
| • | Stocks and others without a quoted market price and Investments in Partnerships are excluded. |
Consolidated
(1) Other Securities
| (Billions of yen) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| As of December 31, 2024 | As of March 31, 2024 | As of September 30, 2024 (Reference) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Book Value | Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | |||||||||||||||||||||||||||||||||||||||||||||
| (=Fair Value) | Gains | Losses | (=Fair Value) | Gains | Losses | (=Fair Value) | Gains | Losses | ||||||||||||||||||||||||||||||||||||||||||
| MHFG (Consolidated) |
||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Securities |
30,113.9 | 1,029.6 | 2,017.1 | 987.4 | 32,731.5 | 1,326.8 | 2,339.3 | 1,012.5 | 32,622.4 | 1,351.1 | 2,093.4 | 742.2 | ||||||||||||||||||||||||||||||||||||||
| Japanese Stocks |
2,811.0 | 1,965.4 | 1,971.3 | 5.8 | 3,102.6 | 2,185.7 | 2,190.4 | 4.7 | 2,896.3 | 2,009.1 | 2,016.9 | 7.7 | ||||||||||||||||||||||||||||||||||||||
| Japanese Bonds |
12,228.1 | (60.2 | ) | 7.4 | 67.7 | 14,366.3 | (28.5 | ) | 18.1 | 46.6 | 13,616.2 | (44.3 | ) | 8.0 | 52.4 | |||||||||||||||||||||||||||||||||||
| Japanese Government Bonds |
9,125.2 | (5.9 | ) | 0.1 | 6.1 | 10,974.3 | 6.2 | 9.3 | 3.0 | 10,495.0 | (3.4 | ) | 0.4 | 3.8 | ||||||||||||||||||||||||||||||||||||
| Other |
15,074.7 | (875.5 | ) | 38.3 | 913.8 | 15,262.4 | (830.3 | ) | 130.8 | 961.1 | 16,109.8 | (613.6 | ) | 68.3 | 682.0 | |||||||||||||||||||||||||||||||||||
| Foreign Bonds |
12,403.6 | (713.0 | ) | 9.3 | 722.4 | 12,293.4 | (711.6 | ) | 20.3 | 731.9 | 13,715.4 | (453.3 | ) | 38.0 | 491.3 | |||||||||||||||||||||||||||||||||||
|
* In addition to “Securities” on the consolidated balance sheets, NCDs in “Cash and Due from Banks,” certain items in “Monetary Claims Bought” and certain items in “Other Assets” are also included. |
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| * Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2024, September 30, 2024 and March 31, 2024 are ¥172.3 billion (Foreign Bonds ¥198.8 billion and Japanese Government Bonds ¥(0.4) billion), ¥16.3 billion (Foreign Bonds ¥29.6 billion and Japanese Government Bonds ¥0.0 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 December 31, 2024, September 30, 2024 and March 31, 2024 are ¥1,202.0 billion (Foreign Bonds ¥(514.2) billion and Japanese Government Bonds ¥(6.4) billion), ¥1,367.4 billion (Foreign Bonds ¥(423.6) billion and Japanese Government Bonds ¥(3.4) billion) and ¥1,508.6 billion (Foreign Bonds ¥(493.5) billion and Japanese Government Bonds ¥0.2 billion), respectively. * Unrealized Gains/Losses on Other Securities as of December 31, 2024, September 30, 2024 and March 31, 2024 include translation 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 balance sheet by applying the fair-value hedge accounting and others. |
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(2) Bonds Held to Maturity
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| |||||||||||||||||||||||||||||||||||||||||||||||||
| (Billions of yen) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| As of December 31, 2024 | As of March 31, 2024 | As of September 30, 2024 (Reference) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Book Value | Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | |||||||||||||||||||||||||||||||||||||||||||||
| Gains | Losses | Gains | Losses | Gains | Losses | |||||||||||||||||||||||||||||||||||||||||||||
| MHFG (Consolidated) |
4,416.6 | (216.8 | ) | 7.5 | 224.3 | 4,045.1 | (182.2 | ) | 8.7 | 190.9 | 4,061.9 | (111.0 | ) | 30.7 | 141.8 | |||||||||||||||||||||||||||||||||||
2-4
Mizuho Financial Group, Inc.
| Non-Consolidated
Aggregate Figures for the 2 Banks
(1) Other Securities
|
| |||||||||||||||||||||||||||||||||||||||||||||||
| (Billions of yen) | ||||||||||||||||||||||||||||||||||||||||||||||||
| As of December 31, 2024 | As of March 31, 2024 | As of September 30, 2024 (Reference) | ||||||||||||||||||||||||||||||||||||||||||||||
| Book Value | Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | |||||||||||||||||||||||||||||||||||||||||||
| (=Fair Value) | Gains | Losses | (=Fair Value) | Gains | Losses | (=Fair Value) | Gains | Losses | ||||||||||||||||||||||||||||||||||||||||
| MHBK |
||||||||||||||||||||||||||||||||||||||||||||||||
| Other Securities |
28,989.1 | 844.4 | 1,828.6 | 984.1 | 31,711.5 | 1,126.3 | 2,137.6 | 1,011.2 | 31,380.1 | 1,168.6 | 1,907.9 | 739.3 | ||||||||||||||||||||||||||||||||||||
| Japanese Stocks |
2,559.0 | 1,781.2 | 1,786.1 | 4.8 | 2,836.6 | 1,988.7 | 1,992.3 | 3.6 | 2,646.4 | 1,829.2 | 1,835.1 | 5.9 | ||||||||||||||||||||||||||||||||||||
| Japanese Bonds |
12,109.3 | (60.0 | ) | 7.2 | 67.3 | 14,252.0 | (29.0 | ) | 17.5 | 46.6 | 13,495.2 | (44.4 | ) | 7.7 | 52.1 | |||||||||||||||||||||||||||||||||
| Japanese Government Bonds |
9,111.1 | (5.9 | ) | 0.1 | 6.1 | 10,963.3 | 6.2 | 9.3 | 3.0 | 10,485.1 | (3.4 | ) | 0.4 | 3.8 | ||||||||||||||||||||||||||||||||||
| Other |
14,320.7 | (876.6 | ) | 35.3 | 911.9 | 14,622.7 | (833.3 | ) | 127.7 | 961.0 | 15,238.4 | (616.1 | ) | 65.0 | 681.2 | |||||||||||||||||||||||||||||||||
| Foreign Bonds |
11,825.9 | (714.2 | ) | 7.1 | 721.4 | 11,723.0 | (712.9 | ) | 18.9 | 731.8 | 13,057.8 | (455.1 | ) | 35.4 | 490.5 | |||||||||||||||||||||||||||||||||
| MHTB |
||||||||||||||||||||||||||||||||||||||||||||||||
| Other Securities |
224.6 | 109.6 | 110.6 | 0.9 | 239.6 | 116.5 | 117.6 | 1.0 | 224.3 | 105.6 | 107.1 | 1.5 | ||||||||||||||||||||||||||||||||||||
| Japanese Stocks |
162.7 | 109.4 | 110.1 | 0.7 | 172.6 | 115.5 | 116.6 | 1.0 | 159.7 | 104.9 | 106.4 | 1.5 | ||||||||||||||||||||||||||||||||||||
| Japanese Bonds |
57.3 | 0.0 | 0.2 | 0.1 | 61.7 | 0.3 | 0.4 | 0.0 | 59.8 | 0.2 | 0.3 | 0.0 | ||||||||||||||||||||||||||||||||||||
| Japanese Government Bonds |
— | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
| Other |
4.5 | 0.1 | 0.2 | 0.0 | 5.2 | 0.6 | 0.6 | 0.0 | 4.7 | 0.3 | 0.3 | 0.0 | ||||||||||||||||||||||||||||||||||||
| Foreign Bonds |
— | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
| Total |
||||||||||||||||||||||||||||||||||||||||||||||||
| Other Securities |
29,213.7 | 954.1 | 1,939.2 | 985.1 | 31,951.1 | 1,242.8 | 2,255.2 | 1,012.3 | 31,604.4 | 1,274.2 | 2,015.1 | 740.9 | ||||||||||||||||||||||||||||||||||||
| Japanese Stocks |
2,721.7 | 1,890.6 | 1,896.2 | 5.5 | 3,009.3 | 2,104.2 | 2,108.9 | 4.6 | 2,806.1 | 1,934.1 | 1,941.6 | 7.4 | ||||||||||||||||||||||||||||||||||||
| Japanese Bonds |
12,166.7 | (60.0 | ) | 7.4 | 67.4 | 14,313.7 | (28.6 | ) | 17.9 | 46.6 | 13,555.0 | (44.1 | ) | 8.0 | 52.2 | |||||||||||||||||||||||||||||||||
| Japanese Government Bonds |
9,111.1 | (5.9 | ) | 0.1 | 6.1 | 10,963.3 | 6.2 | 9.3 | 3.0 | 10,485.1 | (3.4 | ) | 0.4 | 3.8 | ||||||||||||||||||||||||||||||||||
| Other |
14,325.2 | (876.5 | ) | 35.5 | 912.0 | 14,627.9 | (832.7 | ) | 128.3 | 961.0 | 15,243.2 | (615.8 | ) | 65.4 | 681.2 | |||||||||||||||||||||||||||||||||
| Foreign Bonds |
11,825.9 | (714.2 | ) | 7.1 | 721.4 | 11,723.0 | (712.9 | ) | 18.9 | 731.8 | 13,057.8 | (455.1 | ) | 35.4 | 490.5 | |||||||||||||||||||||||||||||||||
| * | In addition to “Securities” on the balance sheets, NCDs in “Cash and Due from Banks” and certain items in “Monetary Claims Bought” are also included. |
| * | Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment (aggregate figures for the 2 banks) as of December 31, 2024, September 30, 2024 and March 31, 2024 are ¥172.3 billion (Foreign Bonds ¥198.8 billion and Japanese Government Bonds ¥(0.4) billion), ¥16.3 billion (Foreign Bonds ¥29.6 billion and Japanese Government Bonds ¥0.0 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 (aggregate figures for the 2 banks) as of December 31, 2024, September 30, 2024 and March 31, 2024 are ¥1,126.4 billion (Foreign Bonds ¥(515.3) billion and Japanese Government Bonds ¥(6.4) billion), ¥1,290.5 billion (Foreign Bonds ¥(425.4) billion and Japanese Government Bonds ¥(3.4) billion) and ¥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 December 31, 2024, September 30, 2024 and March 31, 2024 include translation 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 fair-value hedge accounting. |
2-5
Mizuho Financial Group, Inc.
(2) Bonds Held to Maturity
| (Billions of yen) | ||||||||||||||||||||||||||||||||||||||||||||||||
| As of December 31, 2024 | As of March 31, 2024 | As of September 30, 2024 (Reference) | ||||||||||||||||||||||||||||||||||||||||||||||
| Unrealized Gains/Losses | Unrealized Gains/Losses | Unrealized Gains/Losses | ||||||||||||||||||||||||||||||||||||||||||||||
| Book Value | Gains | Losses | Book Value | Gains | Losses | Book Value | Gains | Losses | ||||||||||||||||||||||||||||||||||||||||
| MHBK |
4,416.6 | (216.8 | ) | 7.5 | 224.3 | 4,045.1 | (182.2 | ) | 8.7 | 190.9 | 4,061.9 | (111.0 | ) | 30.7 | 141.8 | |||||||||||||||||||||||||||||||||
| MHTB |
— | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
| Total |
4,416.6 | (216.8 | ) | 7.5 | 224.3 | 4,045.1 | (182.2 | ) | 8.7 | 190.9 | 4,061.9 | (111.0 | ) | 30.7 | 141.8 | |||||||||||||||||||||||||||||||||
(3) Investments in Subsidiaries and Affiliates
| (Billions of yen) | ||||||||||||||||||||||||||||||||||||||||||||||||
| As of December 31, 2024 | As of March 31, 2024 | As of September 30, 2024 (Reference) | ||||||||||||||||||||||||||||||||||||||||||||||
| Unrealized Gains/Losses | Unrealized Gains/Losses | Unrealized Gains/Losses | ||||||||||||||||||||||||||||||||||||||||||||||
| Book Value | Gains | Losses | Book Value | Gains | Losses | Book Value | Gains | Losses | ||||||||||||||||||||||||||||||||||||||||
| MHBK |
106.1 | 438.7 | 438.7 | — | 106.1 | 468.9 | 468.9 | — | 106.1 | 419.6 | 419.6 | — | ||||||||||||||||||||||||||||||||||||
| MHTB |
— | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
| Total |
106.1 | 438.7 | 438.7 | — | 106.1 | 468.9 | 468.9 | — | 106.1 | 419.6 | 419.6 | — | ||||||||||||||||||||||||||||||||||||
(Reference)
Unrealized Gains/Losses on Other Securities
(the base amount to be recorded directly to Net Assets after necessary adjustments)
For certain Other Securities, Unrealized Gains/Losses were recognized in the statement of income by applying the fair-value hedge accounting and others.
Unrealized Gains/Losses on Other Securities after excluding such Income/Loss (the “base amount”) are recorded directly to Net Assets after necessary adjustments.
The base amounts are as follows:
Consolidated
| (Billions of yen) | ||||||||||||||||
| As of December 31, 2024 | As of March 31, 2024 |
As of September 30, 2024 (Reference) |
||||||||||||||
| Unrealized Gains/Losses | Unrealized Gains/Losses |
Unrealized Gains/Losses |
||||||||||||||
| Change | ||||||||||||||||
| Other Securities |
989.6 | (284.0 | ) | 1,273.7 | 1,309.1 | |||||||||||
| Japanese Stocks |
1,924.4 | (208.7 | ) | 2,133.2 | 1,966.3 | |||||||||||
| Japanese Bonds |
(60.2 | ) | (31.7 | ) | (28.5 | ) | (44.3 | ) | ||||||||
| Japanese Government Bonds |
(5.9 | ) | (12.2 | ) | 6.2 | (3.4 | ) | |||||||||
| Other |
(874.5 | ) | (43.5 | ) | (830.9 | ) | (612.8 | ) | ||||||||
| Foreign Bonds |
(712.1 | ) | 0.1 | (712.2 | ) | (452.4 | ) | |||||||||
Non-Consolidated
Aggregate Figures for the 2 Banks
| (Billions of yen) | ||||||||||||||||
| As of December 31, 2024 | As of March 31, 2024 |
As of September 30, 2024 (Reference) |
||||||||||||||
| Unrealized Gains/Losses | Unrealized Gains/Losses |
Unrealized Gains/Losses |
||||||||||||||
| Change | ||||||||||||||||
| Other Securities |
913.9 | (276.4 | ) | 1,190.3 | 1,232.1 | |||||||||||
| Japanese Stocks |
1,850.4 | (201.2 | ) | 2,051.7 | 1,892.0 | |||||||||||
| Japanese Bonds |
(60.0 | ) | (31.3 | ) | (28.6 | ) | (44.1 | ) | ||||||||
| Japanese Government Bonds |
(5.9 | ) | (12.2 | ) | 6.2 | (3.4 | ) | |||||||||
| Other |
(876.5 | ) | (43.7 | ) | (832.7 | ) | (615.8 | ) | ||||||||
| Foreign Bonds |
(714.2 | ) | (1.2 | ) | (712.9 | ) | (455.1 | ) | ||||||||
2-6
Mizuho Financial Group, Inc.
4. Status of Non Performing Loans based on the Banking Act (“BA”) and the Financial Reconstruction Act (“FRA”)
Consolidated
| (Billions of yen) | ||||||||||||||||
| As of December 31, 2024 |
Change | As of March 31, 2024 |
As of September 30, 2024 (Reference) |
|||||||||||||
| Claims against Bankrupt and Substantially Bankrupt Obligors |
32.4 | (4.0 | ) | 36.4 | 37.1 | |||||||||||
| Claims with Collection Risk |
576.8 | (123.8 | ) | 700.7 | 649.9 | |||||||||||
| Claims for Special Attention |
493.8 | (21.6 | ) | 515.5 | 477.8 | |||||||||||
| Loans Past Due for 3 Months or More |
1.7 | 1.2 | 0.4 | 0.7 | ||||||||||||
| Restructured Loans |
492.0 | (22.9 | ) | 515.0 | 477.1 | |||||||||||
| Sub-total[1] |
1,103.1 | (149.6 | ) | 1,252.7 | 1,165.0 | |||||||||||
| Normal Claims |
111,425.3 | 6,044.5 | 105,380.8 | 104,592.7 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total[2] |
112,528.5 | 5,894.9 | 106,633.5 | 105,757.8 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. |
| |||||||||||||||
| Amount of Partial Direct Write-offs |
101.4 | (5.8 | ) | 107.2 | 109.1 | |||||||||||
| (%) | ||||||||||||||||
| NPL ratio[1]/[2] |
0.98 | (0.19) | 1.17 | 1.10 | ||||||||||||
| Trust Account | ||||||||||||||||
| (Billions of yen) | ||||||||||||||||
| As of December 31, 2024 |
Change | As of March 31, 2024 |
As of September 30, 2024 (Reference) |
|||||||||||||
| Claims against Bankrupt and Substantially Bankrupt Obligors |
— | — | — | — | ||||||||||||
| Claims with Collection Risk |
— | — | — | — | ||||||||||||
| Claims for Special Attention |
— | — | — | — | ||||||||||||
| Loans Past Due for 3 Months or More |
— | — | — | — | ||||||||||||
| Restructured Loans |
— | — | — | — | ||||||||||||
| Sub-total[3] |
— | — | — | — | ||||||||||||
| Normal Claims |
1.6 | (0.4 | ) | 2.1 | 1.7 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total[4] |
1.6 | (0.4 | ) | 2.1 | 1.7 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
|
(%) | |||||||||||||||
| NPL ratio[3]/[4] |
— | — | — | — | ||||||||||||
2-7
Mizuho Financial Group, Inc.
Consolidated + Trust Account
| (Billions of yen) | ||||||||||||||||
| As of December 31, 2024 |
Change | As of March 31, 2024 |
As of September 30, 2024 (Reference) |
|||||||||||||
| Claims against Bankrupt and Substantially Bankrupt Obligors |
32.4 | (4.0 | ) | 36.4 | 37.1 | |||||||||||
| Claims with Collection Risk |
576.8 | (123.8 | ) | 700.7 | 649.9 | |||||||||||
| Claims for Special Attention |
493.8 | (21.6 | ) | 515.5 | 477.8 | |||||||||||
| Loans Past Due for 3 Months or More |
1.7 | 1.2 | 0.4 | 0.7 | ||||||||||||
| Restructured Loans |
492.0 | (22.9 | ) | 515.0 | 477.1 | |||||||||||
| Sub-total[5] |
1,103.1 | (149.6 | ) | 1,252.7 | 1,165.0 | |||||||||||
| Normal Claims |
111,427.0 | 6,044.0 | 105,382.9 | 104,594.4 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total[6] |
112,530.1 | 5,894.4 | 106,635.6 | 105,759.5 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. |
| |||||||||||||||
| Amount of Partial Direct Write-offs |
101.4 | (5.8 | ) | 107.2 | 109.1 | |||||||||||
| (%) | ||||||||||||||||
| NPL ratio[5]/[6] |
0.98 | (0.19) | 1.17 | 1.10 | ||||||||||||
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 December 31, 2024 |
Change | As of March 31, 2024 |
As of September 30, 2024 (Reference) |
|||||||||||||
| Claims against Bankrupt and Substantially Bankrupt Obligors |
22.1 | (4.5 | ) | 26.6 | 26.4 | |||||||||||
| Claims with Collection Risk |
571.2 | (137.4 | ) | 708.6 | 646.1 | |||||||||||
| Claims for Special Attention |
486.4 | (34.4 | ) | 520.9 | 471.4 | |||||||||||
| Loans Past Due for 3 Months or More |
1.7 | 1.2 | 0.4 | 0.7 | ||||||||||||
| Restructured Loans |
484.6 | (35.7 | ) | 520.4 | 470.6 | |||||||||||
| Sub-total[1] |
1,079.8 | (176.4 | ) | 1,256.2 | 1,144.0 | |||||||||||
| Normal Claims |
114,986.7 | 6,102.9 | 108,883.7 | 106,392.8 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total[2] |
116,066.5 | 5,926.5 | 110,140.0 | 107,536.9 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. |
| |||||||||||||||
| Amount of Partial Direct Write-offs |
99.0 | (6.2 | ) | 105.3 | 106.9 | |||||||||||
| (%) | ||||||||||||||||
| NPL ratio[1]/[2] |
0.93 | (0.21 | ) | 1.14 | 1.06 | |||||||||||
| Mizuho Bank | ||||||||||||||||
| (Billions of yen) | ||||||||||||||||
| Claims against Bankrupt and Substantially Bankrupt Obligors |
22.0 | (4.5 | ) | 26.5 | 26.3 | |||||||||||
| Claims with Collection Risk |
563.4 | (135.9 | ) | 699.3 | 638.1 | |||||||||||
| Claims for Special Attention |
478.0 | (33.7 | ) | 511.7 | 460.9 | |||||||||||
| Loans Past Due for 3 Months or More |
1.7 | 1.2 | 0.4 | 0.7 | ||||||||||||
| Restructured Loans |
476.3 | (35.0 | ) | 511.3 | 460.1 | |||||||||||
| Sub-total[3] |
1,063.5 | (174.2 | ) | 1,237.7 | 1,125.4 | |||||||||||
| Normal Claims |
112,294.0 | 6,284.1 | 106,009.8 | 103,640.4 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total[4] |
113,357.5 | 6,109.9 | 107,247.6 | 104,765.8 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. |
| |||||||||||||||
| Amount of Partial Direct Write-offs |
98.8 | (6.2 | ) | 105.1 | 106.6 | |||||||||||
| (%) | ||||||||||||||||
| NPL ratio[3]/[4] |
0.93 | (0.21 | ) | 1.15 | 1.07 | |||||||||||
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 | 0.1 | |||||||||||
| Claims with Collection Risk |
7.8 | (1.4 | ) | 9.2 | 8.0 | |||||||||||
| Claims for Special Attention |
8.3 | (0.7 | ) | 9.1 | 10.5 | |||||||||||
| Loans Past Due for 3 Months or More |
— | — | — | 0.0 | ||||||||||||
| Restructured Loans |
8.3 | (0.7 | ) | 9.1 | 10.5 | |||||||||||
| Sub-total[5] |
16.2 | (2.2 | ) | 18.4 | 18.6 | |||||||||||
| Normal Claims |
2,691.0 | (180.7 | ) | 2,871.8 | 2,750.6 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total[6] |
2,707.3 | (182.9 | ) | 2,890.3 | 2,769.3 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. |
| |||||||||||||||
| Amount of Partial Direct Write-offs |
0.2 | (0.0 | ) | 0.2 | 0.2 | |||||||||||
| (%) | ||||||||||||||||
| NPL ratio[5]/[6] |
0.60 | (0.03 | ) | 0.63 | 0.67 | |||||||||||
| (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 |
1.6 | (0.4 | ) | 2.1 | 1.7 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total[8] |
1.6 | (0.4 | ) | 2.1 | 1.7 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| (%) | ||||||||||||||||
| 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 December 31, 2024 |
Change | As of March 31, 2024 |
As of September 30, 2024 (Reference) |
|||||||||||||
| MHBK |
150,963.4 | (3,444.3 | ) | 154,407.8 | 150,029.9 | |||||||||||
| MHTB |
2,240.8 | (389.3 | ) | 2,630.1 | 2,622.4 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total |
153,204.2 | (3,833.7 | ) | 157,038.0 | 152,652.3 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
(1)-2 Domestic Deposits
Aggregate Figures for the 2 Banks
| (Billions of yen) | ||||||||||||||||
| As of December 31, 2024 |
Change | As of March 31, 2024 |
As of September 30, 2024 (Reference) |
|||||||||||||
| MHBK |
117,173.9 | (5,760.7 | ) | 122,934.6 | 119,015.2 | |||||||||||
| Individual deposits |
49,170.9 | 926.4 | 48,244.5 | 48,272.3 | ||||||||||||
| MHTB |
2,240.8 | (389.3 | ) | 2,630.1 | 2,622.4 | |||||||||||
| Individual deposits |
721.5 | (24.1 | ) | 745.6 | 738.5 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total |
119,414.7 | (6,150.0 | ) | 125,564.8 | 121,637.7 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Individual deposits |
49,892.5 | 902.2 | 48,990.2 | 49,010.8 | ||||||||||||
Note: Above figures do not include deposits booked at overseas offices and offshore deposits.
(2) Loans and Bills Discounted
Aggregate Figures for the 2 Banks
| (Billions of yen) | ||||||||||||||||
| As of December 31, 2024 |
Change | As of March 31, 2024 |
As of September 30, 2024 (Reference) |
|||||||||||||
| MHBK |
96,331.4 | 4,447.4 | 91,884.0 | 89,726.0 | ||||||||||||
| MHTB |
2,685.6 | (182.6 | ) | 2,868.2 | 2,748.7 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total |
99,017.0 | 4,264.8 | 94,752.2 | 92,474.8 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
Note: Loans to MHFG are included as follows:
As of December 31, 2024: ¥694.9 billion (from MHBK)
As of September 30, 2024: ¥265.0 billion (from MHBK)
As of March 31, 2024: ¥631.0 billion (from MHBK)
2-11
Mizuho Financial Group, Inc.
(3) Interest Margins (Domestic Operations)
| (%) | ||||||||||||||
| Third Quarter of Fiscal 2024 (Accumulated Period) |
Third Quarter of Fiscal 2023 (Accumulated Period) |
|||||||||||||
| Mizuho Bank | Change | |||||||||||||
| Return on Loans and Bills Discounted |
1 | 0.91 | 0.16 | 0.75 | ||||||||||
| Cost of Deposits |
2 | 0.04 | 0.04 | 0.00 | ||||||||||
|
|
|
|
|
|
|
|||||||||
| Loan and Deposit Rate Margin [1]-[2] |
3 | 0.86 | 0.11 | 0.75 | ||||||||||
|
|
|
|
|
|
|
|||||||||
|
|
||||||||||||||
| Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). |
| |||||||||||||
| 2. Deposits include NCDs. |
| |||||||||||||
(Reference) After excluding Loans to the Japanese government and others
| Return on Loans and Bills Discounted |
4 | 0.94 | 0.17 | 0.77 | ||||||||||||
| Loan and Deposit Rate Margin [4]-[2] |
5 | 0.89 | 0.12 | 0.76 |
| (%) | ||||||||||||||
| Third Quarter of Fiscal 2024 (Accumulated Period) |
Third Quarter of Fiscal 2023 (Accumulated Period) |
|||||||||||||
| Mizuho Trust & Banking | Change | |||||||||||||
| Return on Loans and Bills Discounted |
6 | 0.76 | 0.13 | 0.62 | ||||||||||
| Cost of Deposits |
7 | 0.07 | 0.07 | 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 institutions (including MHFG). |
| |||||||||||||
| 2. Deposits include NCDs. |
| |||||||||||||
(Reference) After excluding Loans to the Japanese government and others
| Return on Loans and Bills Discounted |
9 | 0.76 | 0.13 | 0.62 | ||||||||||||
| Loan and Deposit Rate Margin [9]-[7] |
10 | 0.68 | 0.06 | 0.61 |
| (Reference) | (%) | |||||||||||||||
| Third Quarter of Fiscal 2024 (Accumulated Period) |
Third Quarter of Fiscal 2023 (Accumulated Period) |
|||||||||||||||
| Aggregate Figures for the 2 Banks | Change | |||||||||||||||
| Return on Loans and Bills Discounted |
11 | 0.90 | 0.16 | 0.74 | ||||||||||||
| Cost of Deposits |
12 | 0.04 | 0.04 | 0.00 | ||||||||||||
|
|
|
|
|
|
|
|||||||||||
| Loan and Deposit Rate Margin [11]-[12] |
13 | 0.86 | 0.11 | 0.74 | ||||||||||||
|
|
|
|
|
|
|
|||||||||||
|
|
||||||||||||||||
| Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). |
| |||||||||||||||
| 2. Deposits include NCDs. |
| |||||||||||||||
(Reference) After excluding Loans to the Japanese government and others
| Return on Loans and Bills Discounted |
14 | 0.93 | 0.16 | 0.76 | ||||||||||||
| Loan and Deposit Rate Margin [14]-[12] |
15 | 0.88 | 0.12 | 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 December 31, 2024 (A) |
As of March 31, 2024 (B) |
Change (A) - (B) |
||||||||||
| Assets |
||||||||||||
| Cash and Due from Banks |
¥ | 61,524,300 | ¥ | 70,442,184 | ¥ | (8,917,884 | ) | |||||
| Call Loans |
213,612 | 779,066 | (565,454 | ) | ||||||||
| Receivables under Resale Agreements |
9,589,117 | 6,693,619 | 2,895,498 | |||||||||
| Guarantee Deposits Paid under Securities Borrowing Transactions |
134,785 | 188,451 | (53,666 | ) | ||||||||
| Monetary Claims Bought |
563,350 | 707,057 | (143,707 | ) | ||||||||
| Trading Assets |
9,532,174 | 7,027,086 | 2,505,087 | |||||||||
| Money Held in Trust |
506 | 505 | 0 | |||||||||
| Securities |
36,396,228 | 37,809,325 | (1,413,097 | ) | ||||||||
| Loans and Bills Discounted |
96,331,482 | 91,884,028 | 4,447,454 | |||||||||
| Foreign Exchange Assets |
2,571,420 | 2,171,460 | 399,960 | |||||||||
| Derivatives other than for Trading |
7,359,629 | 9,081,601 | (1,721,972 | ) | ||||||||
| Other Assets |
7,306,738 | 6,144,905 | 1,161,832 | |||||||||
| Tangible Fixed Assets |
833,904 | 872,336 | (38,432 | ) | ||||||||
| Intangible Fixed Assets |
470,592 | 404,708 | 65,884 | |||||||||
| Prepaid Pension Cost |
373,611 | 336,001 | 37,610 | |||||||||
| Deferred Tax Assets |
259,775 | 185,189 | 74,586 | |||||||||
| Customers’ Liabilities for Acceptances and Guarantees |
13,144,900 | 11,745,869 | 1,399,031 | |||||||||
| Allowance for Loan Losses |
(644,963 | ) | (755,930 | ) | 110,966 | |||||||
|
|
|
|
|
|
|
|||||||
| Total Assets |
¥ | 245,961,167 | ¥ | 245,717,469 | ¥ | 243,698 | ||||||
|
|
|
|
|
|
|
|||||||
| Liabilities |
||||||||||||
| Deposits |
¥ | 150,963,475 | ¥ | 154,407,832 | ¥ | (3,444,357 | ) | |||||
| Negotiable Certificates of Deposit |
15,420,606 | 11,250,486 | 4,170,119 | |||||||||
| Call Money |
1,517,686 | 1,009,589 | 508,097 | |||||||||
| Payables under Repurchase Agreements |
17,489,819 | 22,254,496 | (4,764,677 | ) | ||||||||
| Guarantee Deposits Received under Securities Lending Transactions |
412,096 | 38,776 | 373,319 | |||||||||
| Commercial Paper |
1,688,127 | 1,165,988 | 522,139 | |||||||||
| Trading Liabilities |
7,018,934 | 5,958,376 | 1,060,558 | |||||||||
| Borrowed Money |
14,655,284 | 14,124,762 | 530,522 | |||||||||
| Foreign Exchange Liabilities |
1,484,258 | 1,181,438 | 302,819 | |||||||||
| Bonds and Notes |
546,675 | 641,904 | (95,229 | ) | ||||||||
| Derivatives other than for Trading |
8,590,798 | 10,309,625 | (1,718,827 | ) | ||||||||
| Other Liabilities |
6,165,644 | 4,596,842 | 1,568,801 | |||||||||
| Reserve for Bonus Payments |
26,080 | 38,758 | (12,677 | ) | ||||||||
| Reserve for Variable Compensation |
440 | 801 | (360 | ) | ||||||||
| Reserve for Possible Losses on Sales of Loans |
9,290 | 8,645 | 644 | |||||||||
| Reserve for Contingencies |
7,486 | 4,105 | 3,380 | |||||||||
| Reserve for Reimbursement of Deposits |
7,567 | 9,871 | (2,304 | ) | ||||||||
| Reserve for Reimbursement of Debentures |
20,924 | 25,125 | (4,200 | ) | ||||||||
| Deferred Tax Liabilities for Revaluation Reserve for Land |
46,009 | 57,583 | (11,573 | ) | ||||||||
| Acceptances and Guarantees |
13,144,900 | 11,745,869 | 1,399,031 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total Liabilities |
239,216,108 | 238,830,880 | 385,227 | |||||||||
|
|
|
|
|
|
|
|||||||
| 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 |
2,742,845 | 2,615,322 | 127,523 | |||||||||
| Appropriated Reserve |
624,534 | 524,533 | 100,000 | |||||||||
| Other Retained Earnings |
2,118,310 | 2,090,788 | 27,522 | |||||||||
| Retained Earnings Brought Forward |
2,118,310 | 2,090,788 | 27,522 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total Shareholders’ Equity |
6,406,303 | 6,278,779 | 127,523 | |||||||||
|
|
|
|
|
|
|
|||||||
| Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
601,438 | 791,974 | (190,535 | ) | ||||||||
| Net Deferred Hedge Gains (Losses), net of Taxes |
(363,375 | ) | (311,045 | ) | (52,329 | ) | ||||||
| Revaluation Reserve for Land, net of Taxes |
100,692 | 126,879 | (26,187 | ) | ||||||||
|
|
|
|
|
|
|
|||||||
| Total Valuation and Translation Adjustments |
338,756 | 607,808 | (269,052 | ) | ||||||||
|
|
|
|
|
|
|
|||||||
| Total Net Assets |
6,745,059 | 6,886,588 | (141,528 | ) | ||||||||
|
|
|
|
|
|
|
|||||||
| Total Liabilities and Net Assets |
¥ | 245,961,167 | ¥ | 245,717,469 | ¥ | 243,698 | ||||||
|
|
|
|
|
|
|
|||||||
2-13
Mizuho Financial Group, Inc.
COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME
(selected items) OF MIZUHO BANK
| Millions of yen | ||||||||||||
| For the nine months ended December 31, 2024 (A) |
For the nine months ended December 31, 2023 (B) |
Change (A) - (B) |
||||||||||
| Ordinary Income |
¥ | 4,992,525 | ¥ | 4,183,269 | ¥ | 809,255 | ||||||
| Interest Income |
3,859,015 | 3,336,873 | 522,142 | |||||||||
| Interest on Loans and Bills Discounted |
2,007,059 | 1,855,379 | 151,680 | |||||||||
| Interest and Dividends on Securities |
608,912 | 435,978 | 172,933 | |||||||||
| Fee and Commission Income |
500,073 | 462,413 | 37,660 | |||||||||
| Trading Income |
171,165 | 131,236 | 39,929 | |||||||||
| Other Operating Income |
168,848 | 120,051 | 48,797 | |||||||||
| Other Ordinary Income |
293,421 | 132,695 | 160,725 | |||||||||
|
|
|
|
|
|
|
|||||||
| Ordinary Expenses |
4,213,613 | 3,579,295 | 634,317 | |||||||||
| Interest Expenses |
3,078,361 | 2,709,975 | 368,385 | |||||||||
| Interest on Deposits |
1,306,974 | 1,179,758 | 127,216 | |||||||||
| Fee and Commission Expenses |
204,543 | 156,501 | 48,041 | |||||||||
| Trading Expenses |
— | 447 | (447 | ) | ||||||||
| Other Operating Expenses |
163,553 | 30,974 | 132,578 | |||||||||
| General and Administrative Expenses |
651,445 | 585,067 | 66,377 | |||||||||
| Other Ordinary Expenses |
115,709 | 96,329 | 19,380 | |||||||||
|
|
|
|
|
|
|
|||||||
| Ordinary Profits |
778,912 | 603,973 | 174,938 | |||||||||
|
|
|
|
|
|
|
|||||||
| Extraordinary Gains |
47,284 | 42,110 | 5,174 | |||||||||
|
|
|
|
|
|
|
|||||||
| Extraordinary Losses |
7,906 | 2,351 | 5,555 | |||||||||
|
|
|
|
|
|
|
|||||||
| Profit before Income Taxes |
818,289 | 643,732 | 174,557 | |||||||||
| Income Taxes: |
||||||||||||
| Current |
203,185 | 171,232 | 31,952 | |||||||||
| Deferred |
13,764 | 38,683 | (24,918 | ) | ||||||||
|
|
|
|
|
|
|
|||||||
| Profit |
¥ | 601,340 | ¥ | 433,816 | ¥ | 167,523 | ||||||
|
|
|
|
|
|
|
|||||||
2-14