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.

 

For Immediate Release:

 

		Consolidated Financial Statements for the Third Quarter of Fiscal 2020 (Nine months ended December 31, 2020) (Under Japanese GAAP)

 

Company Name:		Mizuho Financial Group, Inc. (“MHFG”)		February 1, 2021

Stock Code Number (Japan):		8411
Stock Exchange Listings:		Tokyo Stock Exchange (First Section), New York Stock Exchange
URL:		https://www.mizuho-fg.com/index.html
Representative:		Tatsufumi Sakai		President & CEO
For Inquiry:		Tomomichi Fujita		General Manager of Accounting		Phone: +81-3-6838-6101
Filing of Shihanki Hokokusho (scheduled):				February 12, 2021		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 2020 (for the nine months ended December 31, 2020)

(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 F2020			2,313,082				(21.6	)			448,868				(20.0	)			354,404				(12.2	)
3Q F2019			2,953,825				3.3				561,550				2.5				403,963				(1.4	)

 

Note:		Comprehensive Income: 3Q F2020: ¥576,850 million, 94.0%; 3Q F2019: ¥297,224 million, —  %

 

		Net Income per Share of Common Stock				Diluted Net Income per Share of Common Stock
		¥				¥
3Q F2020			139.76				139.76
3Q F2019			159.28				159.27

 

Note:		MHFG adopted the share consolidation of the shares of common stock on the basis of one post-consolidation share per ten pre-consolidation shares effective as of October 1, 2020.
		The impact from the share consolidation is reflected in Net Income per Share of Common Stock and Diluted Net Income per Share of Common Stock.

(2) Consolidated Financial Conditions

 

		Total Assets				Total Net Assets				Own Capital Ratio
		¥ million				¥ million				%
3Q F2020			217,901,468				9,009,445				4.0
Fiscal 2019			214,659,077				8,663,847				3.9

 

Reference:		Own Capital: As of December 31, 2020: ¥8,905,964 million; As of March 31, 2020: ¥8,553,971 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 2019			—				3.75				—				3.75				7.50
Fiscal 2020			—				3.75				—
Fiscal 2020 (estimate)															37.50				—

 

Notes:			1.					Revision of the latest announced estimates for cash dividends for shareholders of common stock: No
			2.					MHFG adopted the share consolidation of the shares of common stock on the basis of one post-consolidation share per ten pre-consolidation shares effective as of October 1, 2020.
								The impact from the share consolidation is reflected in the estimate of Cash Dividends per Share of Common Stock for the end of fiscal 2020. If the share consolidation were not taken into consideration, it would be ¥3.75.
								In addition, MHFG left the value of total annual dividend blank (—) as it is inappropriate simply to total the value of the dividend at the end of the first half of fiscal 2020 and the value of the dividend at the end of the fiscal 2020.

3. Consolidated Earnings Estimates for Fiscal 2020 (for the fiscal year ending March 31, 2021)

 

(%: Changes from the previous fiscal year)
		Profit Attributable to Owners of Parent								Net Income per Share of Common Stock
		¥ million				%				¥
Fiscal 2020			350,000				(21.9	)			138.02

 

Notes:			1.					Revision of the latest announced earnings estimates for fiscal 2020: No
			2.					MHFG adopted the share consolidation of the shares of common stock on the basis of one post-consolidation share per ten pre-consolidation shares effective as of October 1, 2020. The number of share of common stock used in above per share information is based on the weighted average of the average number of outstanding shares during 1Q, 2Q and 3Q and the number of outstanding shares as of December 31, 2020 (which is used as a proxy for the average number of outstanding shares during 4Q of fiscal 2020). If the share consolidation were not taken into consideration, the Consolidated Earnings Estimates for Net Income per Share of Common Stock for Fiscal 2020 (for the fiscal year ending March 31, 2021) would be ¥13.80.

Notes

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

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

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

i. Changes in accounting policies due to revisions of accounting standards: No

ii. Changes in accounting policies other than i above: Yes

iii. Changes in accounting estimates: No

iv. Restatements: No

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

(4) Issued Shares of Common Stock

 

i. Period-end issued shares (including treasury stock):

As of December 31, 2020

2,539,249,894 shares

As of March 31, 2020

2,539,249,894 shares

ii. Period-end treasury stock:

As of December 31, 2020

3,984,059 shares

As of March 31, 2020

3,210,681 shares

iii. Average outstanding shares (accumulated period):

3Q Fiscal 2020

2,535,680,257 shares

3Q Fiscal 2019

2,536,085,606 shares

 

Note:		MHFG adopted the share consolidation of the shares of common stock on the basis of one post-consolidation share per ten pre-consolidation shares effective as of October 1, 2020. The impact from the share consolidation is reflected in the number of Period-end issued shares (including treasury stock), Period-end treasury stock and Average outstanding shares (accumulated period).

This immediate release is outside the scope of quarterly review.

 

 

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

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

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

Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3. D. Key Information-Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) and our report on Form 6-K furnished to the SEC on December 28, 2020, both of which are available in the Financial Information section of our web page at www.mizuho-fg.com/index.html and also at the SEC’s web site at www.sec.gov.

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.

 

¡ Contents of Attachment

 

1.		Matters Related to Summary Information (Notes)			p. 1-2
		(1) Changes in Accounting Policies and Accounting Estimates / Restatements			p. 1-2
2.		Quarterly Consolidated Financial Statements and Others			p. 1-3
		(1) Consolidated Balance Sheets			p. 1-3
		(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			p. 1-5
		(3) Note for Assumption of Going Concern			p. 1-7
		(4) Note for Significant Changes in the Amount of Shareholders’ Equity			p. 1-7
		øSELECTED FINANCIAL INFORMATION For the Third Quarter of Fiscal 2020

Note to XBRL

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

 

1-1

Mizuho Financial Group, Inc.

 

1. Matters Related to Summary Information (Notes)

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

(Changes in Accounting Policies)

(Accounting Standard for Fair Value Measurement and Others)

MHFG has applied “Accounting Standard for Fair Value Measurement” (ASBJ Statement No.30 July 4, 2019) and others from the beginning of the first quarter ended June 30, 2020.

In accordance with Article 8 of “Accounting Standard for Fair Value Measurement”, the fair value adjustment method used to determine the fair value of derivatives is revised to maximize the use of relevant observable inputs estimated from derivatives and others traded in the market.

In accordance with Article 20 of “Accounting Standard for Fair Value Measurement”, the cumulative effects arising from the retroactive application of these new accounting policies to all the previous fiscal years were reflected in Retained Earnings as of April 1, 2020.

As a result, Retained Earnings decreased by ¥32,639 million, Trading Assets decreased by ¥50,380 million, Derivatives other than for Trading Assets decreased by ¥6,379 million, Trading Liabilities decreased by ¥6,529 million, Derivatives other than for Trading Liabilities decreased by ¥3,184 million, Deferred Tax Assets increased by ¥14,405 million, and Net Assets per Share decreased by ¥12.87 as of April 1, 2020. The share consolidation was taken place at a ratio of ten pre-consolidation shares to one post-consolidation share on October 1, 2020. Net Asset per share is calculated under the assumption that the share consolidation had been taken place at the beginning of fiscal 2019.

And in accordance with the transitional treatment set forth in Article 19 of “Accounting Standard for Fair Value Measurement” and Article 44-2 of “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10, July 4, 2019), MHFG has applied a new accounting policy prescribed by “Accounting Standard for Fair Value Measurement” and others from the first quarter ended June 30, 2020.

As a result, in principle, while fair value of Japanese stocks was previously determined based on the average quoted market price over the month preceding the quarterly consolidated balance sheet date, from the first quarter ended June 30, 2020, fair value of Japanese stocks is determined based on the quoted market price as of the quarterly consolidated balance sheet date.

 

1-2

Mizuho Financial Group, Inc.

 

2. Quarterly Consolidated Financial Statements and Others

(1) Consolidated Balance Sheets

 

		Millions of yen
		As of March 31, 2020				As of December 31, 2020
Assets
Cash and Due from Banks		¥	41,069,745			¥	42,999,682
Call Loans and Bills Purchased			584,686				364,630
Receivables under Resale Agreements			18,581,488				13,600,967
Guarantee Deposits Paid under Securities Borrowing Transactions			2,243,161				2,039,745
Other Debt Purchased			2,688,273				3,081,707
Trading Assets			13,248,734				12,988,630
Money Held in Trust			411,847				498,061
Securities			34,907,234				42,314,072
Loans and Bills Discounted			83,468,185				83,615,990
Foreign Exchange Assets			2,044,415				1,949,760
Derivatives other than for Trading Assets			1,944,060				1,690,112
Other Assets			5,206,121				4,452,367
Tangible Fixed Assets			1,103,622				1,110,136
Intangible Fixed Assets			636,139				616,566
Net Defined Benefit Asset			846,782				918,982
Deferred Tax Assets			32,493				25,680
Customers’ Liabilities for Acceptances and Guarantees			6,066,527				6,124,332
Reserves for Possible Losses on Loans			(424,446	)			(489,961	)
Reserve for Possible Losses on Investments			—				(0	)
Total Assets		¥	214,659,077			¥	217,901,468

 

1-3

Mizuho Financial Group, Inc.

 

		Millions of yen
		As of March 31, 2020				As of December 31, 2020
Liabilities
Deposits		¥	131,189,673			¥	127,656,972
Negotiable Certificates of Deposit			13,282,561				17,905,047
Call Money and Bills Sold			2,263,076				1,516,486
Payables under Repurchase Agreements			17,971,098				19,254,428
Guarantee Deposits Received under Securities Lending Transactions			1,108,255				683,205
Commercial Paper			411,089				1,495,476
Trading Liabilities			9,604,890				7,783,921
Borrowed Money			5,209,947				7,346,357
Foreign Exchange Liabilities			509,405				514,302
Short-term Bonds			373,658				391,296
Bonds and Notes			8,906,432				9,644,764
Due to Trust Accounts			1,055,510				1,281,597
Derivatives other than for Trading Liabilities			1,619,151				1,609,917
Other Liabilities			6,111,195				5,283,698
Reserve for Bonus Payments			75,175				53,154
Reserve for Variable Compensation			2,559				2,201
Net Defined Benefit Liability			62,113				71,884
Reserve for Director and Corporate Auditor Retirement Benefits			944				671
Reserve for Possible Losses on Sales of Loans			637				3,931
Reserve for Contingencies			6,443				3,516
Reserve for Reimbursement of Deposits			27,851				23,541
Reserve for Reimbursement of Debentures			18,672				16,918
Reserves under Special Laws			2,509				2,506
Deferred Tax Liabilities			53,150				159,359
Deferred Tax Liabilities for Revaluation Reserve for Land			62,695				62,531
Acceptances and Guarantees			6,066,527				6,124,332
Total Liabilities		¥	205,995,229			¥	208,892,022
Net Assets
Common Stock		¥	2,256,767			¥	2,256,767
Capital Surplus			1,136,467				1,135,948
Retained Earnings			4,174,190				4,304,317
Treasury Stock			(6,414	)			(7,203	)
Total Shareholders’ Equity			7,561,010				7,689,829
Net Unrealized Gains (Losses) on Other Securities			823,085				1,131,436
Deferred Gains or Losses on Hedges			72,081				52,955
Revaluation Reserve for Land			136,655				137,779
Foreign Currency Translation Adjustments			(133,178	)			(183,629	)
Remeasurements of Defined Benefit Plans			94,317				77,593
Total Accumulated Other Comprehensive Income			992,960				1,216,134
Stock Acquisition Rights			213				134
Non-Controlling Interests			109,662				103,346
Total Net Assets			8,663,847				9,009,445
Total Liabilities and Net Assets		¥	214,659,077			¥	217,901,468

 

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, 2019				For the nine months ended December 31, 2020
Ordinary Income		¥	2,953,825			¥	2,313,082
Interest Income			1,566,669				990,731
Interest on Loans and Bills Discounted			964,289				707,462
Interest and Dividends on Securities			198,196				171,768
Fiduciary Income			42,244				40,582
Fee and Commission Income			563,812				590,013
Trading Income			294,447				340,662
Other Operating Income			297,243				237,125
Other Ordinary Income			189,407				113,966
Ordinary Expenses			2,392,274				1,864,213
Interest Expenses			1,011,755				341,112
Interest on Deposits			384,950				114,571
Fee and Commission Expenses			127,851				118,590
Trading Expenses			13,134				9,278
Other Operating Expenses			99,081				110,581
General and Administrative Expenses			1,023,557				1,022,627
Other Ordinary Expenses			116,894				262,022
Ordinary Profits			561,550				448,868
Extraordinary Gains			1,289				79,434
Extraordinary Losses			9,064				9,876
Income before Income Taxes			553,775				518,426
Income Taxes:
Current			108,894				120,499
Deferred			31,951				39,049
Total Income Taxes			140,845				159,549
Profit			412,930				358,876
Profit Attributable to Non-controlling Interests			8,966				4,471
Profit Attributable to Owners of Parent		¥	403,963			¥	354,404

 

1-5

Mizuho Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

		Millions of yen
		For the nine months ended December 31, 2019				For the nine months ended December 31, 2020
Profit		¥	412,930			¥	358,876
Other Comprehensive Income			(115,705	)			217,974
Net Unrealized Gains (Losses) on Other Securities			(67,120	)			304,311
Deferred Gains or Losses on Hedges			17,320				(19,166	)
Foreign Currency Translation Adjustments			(32,928	)			(48,477	)
Remeasurements of Defined Benefit Plans			(31,316	)			(16,271	)
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method			(1,660	)			(2,421	)
Comprehensive Income			297,224				576,850
(Breakdown)
Comprehensive Income Attributable to Owners of Parent			287,574				576,454
Comprehensive Income Attributable to Non-controlling Interests			9,649				396

 

1-6

Mizuho Financial Group, Inc.

 

(3) Note for Assumption of Going Concern

There is no applicable information.

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

There is no applicable information.

 

1-7

SELECTED FINANCIAL INFORMATION

For the Third Quarter of Fiscal 2020

(Nine months ended December 31, 2020)

(Under Japanese GAAP)

 

 

 

 

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 2020

See above Notes

Page

1. Income Analysis

CON

NON

2-1

2. Net Gains/Losses on Stocks

CON

NON

2-3

3. Unrealized Gains/Losses on Securities

CON

NON

2-4

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

NON

2-6

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

CON

NON

2-7

6. Status of Deposits and Loans

NON

2-9

Attachments

Page

Mizuho Bank, Ltd.

Comparison of Non-Consolidated Balance Sheets (selected items)

2-11

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

2-12

Mizuho Trust & Banking Co., Ltd.

Comparison of Non-Consolidated Balance Sheets (selected items)

2-13

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

2-14

Mizuho Securities Co., Ltd.

Comparison of Non-Consolidated Balance Sheets (selected items)

2-15

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

2-16

 

 

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 the corona virus pandemic; incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline in our deferred tax assets; impairment of the carrying value of our long-lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our 5-Year Business Plan and implement other strategic initiatives and measures effectively; the effectiveness of our operational, legal and other risk management policies; the effect of changes in general economic conditions in Japan and elsewhere; and changes to applicable laws and regulations.

Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3.D. Key Information—Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) and our report on Form 6-K furnished to the SEC on December 28, 2020, both of which are available in the Financial Information section of our web page at www.mizuho-fg.com/index.html and also at the SEC’s web site at www.sec.gov.

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 2020

1. Income Analysis

Consolidated

 

						(Billions of yen)
						Third Quarter of Fiscal 2020 (Accumulated Period)
										Change				Third Quarter of Fiscal 2019 (Accumulated Period)
Consolidated Gross Profits			1				1,619.5				106.9				1,512.5
Net Interest Income			2				649.6				94.7				554.9
Fiduciary Income			3				40.5				(1.6	)			42.2
Credit Costs for Trust Accounts			4				—				—				—
Net Fee and Commission Income			5				471.4				35.4				435.9
Net Trading Income			6				331.3				50.0				281.3
Net Other Operating Income			7				126.5				(71.6	)			198.1
General and Administrative Expenses			8				(1,022.6	)			0.9				(1,023.5	)
Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans)			9				(103.9	)			(68.8	)			(35.0	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others			10				5.7				(4.8	)			10.6
Net Gains (Losses) related to Stocks			11				(30.8	)			(128.2	)			97.3
Equity in Income from Investments in Affiliates			12				17.1				(7.0	)			24.1
Other			13				(36.2	)			(11.6	)			(24.5	)
Ordinary Profits			14				448.8				(112.6	)			561.5
Net Extraordinary Gains (Losses)			15				69.5				77.3				(7.7	)
Income before Income Taxes			16				518.4				(35.3	)			553.7
Income Taxes			17				(159.5	)			(18.7	)			(140.8	)
Profit			18				358.8				(54.0	)			412.9
Profit Attributable to Non-controlling Interests			19				(4.4	)			4.4				(8.9	)
Profit Attributable to Owners of Parent			20				354.4				(49.5	)			403.9
Credit-related Costs (including Credit Costs for Trust Accounts)			21				(98.1	)			(73.7	)			(24.4	)

 Credit-related Costs [21] =     Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans) [9]

                                                 + Gains on Reversal of Reserves for Possible Losses on Loans, and others [10] + Credit Costs for Trust Accounts [4]

Reference:
Consolidated Net Business Profits			22				608.4				138.1				470.2

 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				152				30				122
Number of affiliates under the equity method			24				26				—				26

 

2-1

Mizuho Financial Group, Inc.

 

Non-Consolidated

Aggregate Figures for the 2 Banks

 

						(Billions of yen)
						Third Quarter of Fiscal 2020 (Accumulated Period)																Third Quarter of Fiscal 2019 (Accumulated Period)
						MHBK				MHTB				Aggregate Figures				Change
Gross Profits			1				994.8				88.6				1,083.4				37.8				1,045.5
Net Interest Income			2				560.1				18.3				578.4				79.9				498.5
Fiduciary Income			3								41.0				41.0				(1.5	)			42.5
Trust Fees for Jointly Operated Designated Money Trust			4								3.0				3.0				(0.1	)			3.1
Credit Costs for Trust Accounts			5								—				—				—				—
Net Fee and Commission Income			6				291.6				20.2				311.8				16.3				295.5
Net Trading Income			7				91.0				0.9				92.0				3.1				88.8
Net Other Operating Income			8				51.9				8.0				59.9				(60.1	)			120.1
General and Administrative Expenses (excluding Non-Recurring Losses)			9				(596.5	)			(60.7	)			(657.3	)			30.9				(688.2	)
Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) (1)			10				398.2				27.8				426.1				68.8				357.2
Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas (2)			11				366.3				19.8				386.2				118.8				267.3
Excluding Net Gains (Losses) from redemption of Investment Trusts			12				359.7				19.3				379.0				114.9				264.1
Reversal of (Provision for) General Reserve for Losses on Loans			13				(65.2	)			—				(65.2	)			(45.6	)			(19.5	)
Net Business Profits			14				333.0				27.8				360.9				23.1				337.7
Net Gains (Losses) related to Bonds			15				31.8				7.9				39.8				(50.0	)			89.9
Net Non-Recurring Gains (Losses)			16				(90.7	)			(1.7	)			(92.4	)			(193.9	)			101.5
Net Gains (Losses) related to Stocks			17				(40.2	)			(1.4	)			(41.6	)			(136.9	)			95.2
Expenses related to Portfolio Problems			18				(36.0	)			(0.0	)			(36.0	)			(17.8	)			(18.1	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others			19				5.0				0.2				5.3				(4.3	)			9.7
Other			20				(19.5	)			(0.5	)			(20.1	)			(34.7	)			14.6
Ordinary Profits			21				242.3				26.1				268.4				(170.8	)			439.2
Net Extraordinary Gains (Losses)			22				56.4				5.3				61.8				69.2				(7.3	)
Income before Income Taxes			23				298.7				31.5				330.2				(101.5	)			431.8
Income Taxes			24				(103.6	)			(8.0	)			(111.6	)			(1.3	)			(110.3	)
Net Income			25				195.0				23.5				218.5				(102.9	)			321.4

(1)	Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of “Credit Costs for Trust Accounts” [5].

(2)	Net Business Profits (before Reversal of (Provision for) General Reverse for Losses on Loans) from core business areas[11]

=

Net Business Profits (before Reversal of (Provision for) General Reverse for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15]

Credit-related Costs			26				(96.1	)			0.2				(95.8	)			(67.9	)			(27.9	)

Credit-related  Costs  [26]  =   Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5]

Reference: Breakdown of Credit-related Costs

Credit Costs for Trust Accounts			27								—				—				—				—
Reversal of (Provision for) General Reserve for Losses on Loans			28				(65.2	)			0.2				(64.9	)			(45.4	)			(19.5	)
Losses on Write-offs of Loans			29				(5.6	)			0.0				(5.6	)			1.8				(7.5	)
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans			30				(25.3	)			0.0				(25.3	)			(24.9	)			(0.4	)
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries			31				(0.0	)			—				(0.0	)			(0.0	)			0.0
Reversal of (Provision for) Reserve for Contingencies			32				1.6				—				1.6				1.5				0.0
Other (including Losses on Sales of Loans)			33				(1.4	)			—				(1.4	)			(0.9	)			(0.5	)
Total			34				(96.1	)			0.2				(95.8	)			(67.9	)			(27.9	)

 

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Mizuho Financial Group, Inc.

 

2. Net Gains/Losses on Stocks

Consolidated

 

		(Billions of yen)
		Third Quarter of Fiscal 2020 (Accumulated Period)								Third Quarter of Fiscal 2019 (Accumulated Period)
						Change
Net Gains (Losses) related to Stocks			(30.8	)			(128.2	)			97.3
Gains on Sales			84.5				(64.5	)			149.1
Losses on Sales			(27.3	)			2.6				(30.0	)
Impairment (Devaluation)			(60.8	)			(53.4	)			(7.4	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			—				—				—
Gains (Losses) on Derivatives other than for Trading			(27.1	)			(12.8	)			(14.2	)
Non-Consolidated
Aggregate Figures for the 2 Banks
		Third Quarter of Fiscal 2020 (Accumulated Period)								Third Quarter of Fiscal 2019 (Accumulated Period)
						Change
Net Gains (Losses) related to Stocks			(41.6	)			(136.9	)			95.2
Gains on Sales			74.0				(69.1	)			143.2
Losses on Sales			(24.6	)			4.4				(29.1	)
Impairment (Devaluation)			(63.7	)			(59.7	)			(3.9	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			(0.1	)			0.4				(0.5	)
Gains (Losses) on Derivatives other than for Trading			(27.1	)			(12.8	)			(14.2	)
Mizuho Bank
		Third Quarter of Fiscal 2020 (Accumulated Period)								Third Quarter of Fiscal 2019 (Accumulated Period)
						Change
Net Gains (Losses) related to Stocks			(40.2	)			(136.4	)			96.2
Gains on Sales			65.5				(74.1	)			139.6
Losses on Sales			(21.4	)			4.9				(26.3	)
Impairment (Devaluation)			(61.4	)			(57.5	)			(3.9	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			(0.1	)			0.4				(0.5	)
Gains (Losses) on Derivatives other than for Trading			(22.7	)			(10.2	)			(12.4	)
Mizuho Trust & Banking
		Third Quarter of Fiscal 2020 (Accumulated Period)								Third Quarter of Fiscal 2019 (Accumulated Period)
						Change
Net Gains (Losses) related to Stocks			(1.4	)			(0.4	)			(0.9	)
Gains on Sales			8.5				4.9				3.5
Losses on Sales			(3.2	)			(0.5	)			(2.7	)
Impairment (Devaluation)			(2.2	)			(2.2	)			(0.0	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			—				—				—
Gains (Losses) on Derivatives other than for Trading			(4.4	)			(2.6	)			(1.8	)

 

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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, 2020																As of March 31, 2020																As of September 30, 2020 (Reference)
		Book Value (=Fair Value)				Unrealized Gains/Losses												Book Value (=Fair Value)				Unrealized Gains/Losses												Book Value (=Fair Value)				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses												Gains				Losses
MHFG (Consolidated)
Other Securities			40,888.3				1,602.6				1,914.7				312.1				33,337.6				1,171.1				1,543.6				372.4				41,720.5				1,461.5				1,680.8				219.3
Japanese Stocks			2,760.6				1,559.5				1,612.6				53.1				2,338.4				1,066.3				1,167.9				101.5				2,581.7				1,370.2				1,428.8				58.6
Japanese Bonds			23,171.6				(52.7	)			25.8				78.5				15,702.5				(54.1	)			30.0				84.1				23,107.7				(50.5	)			28.2				78.8
Japanese Government Bonds			19,946.9				(44.6	)			1.4				46.1				12,601.9				(44.0	)			6.5				50.5				19,920.3				(44.6	)			2.6				47.2
Other			14,956.0				95.7				276.2				180.4				15,296.6				158.8				345.6				186.7				16,030.9				141.8				223.7				81.8
Foreign Bonds			11,996.7				136.5				153.9				17.3				12,702.2				200.9				246.0				45.1				13,299.4				171.5				184.5				13.0

 

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

*	As of December 31, 2020 and September 30, 2020, fair value of securities is determined at the quoted market price, if available, or other reasonable value at the consolidated balance sheet date.

As of March 31, 2020, fair value of Japanese stocks with a quoted market price is determined based on the average quoted market price over the month preceding the consolidated balance sheet date.

Fair value of securities other than Japanese stocks is determined at the quoted market price, if available, or other reasonable value at the consolidated balance sheet date.

*	Unrealized Gains/Losses include ¥16.1billion, ¥(1.3) billion and ¥(5.1) billion, which were recognized in the statement of income for December 31, 2020, September 30, 2020 and March 31, 2020, respectively, by applying the fair-value hedge method.

(2) Bonds Held to Maturity

 

		(Billions of yen)
		As of December 31, 2020																As of March 31, 2020																As of September 30, 2020 (Reference)
		Book Value				Unrealized Gains Losses												Book Value				Unrealized Gains Losses												Book Value				Unrealized Gains Losses
										Gains				Losses												Gains				Losses												Gains				Losses
MHFG (Consolidated)			753.4				22.9				22.9				—				860.2				15.0				15.4				0.3				788.3				23.7				23.7				—

Non-Consolidated

Aggregate Figures for the 2 Banks

(1) Other Securities

 

		(Billions of yen)
		As of December 31, 2020																As of March 31, 2020																As of September 30, 2020 (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			39,954.0				1,456.7				1,758.7				302.0				31,816.7				1,033.5				1,393.5				359.9				40,353.0				1,311.8				1,518.7				206.8
Japanese Stocks			2,526.6				1,415.5				1,460.4				44.9				2,118.5				937.1				1,033.8				96.6				2,349.2				1,229.7				1,279.4				49.7
Japanese Bonds			23,058.4				(53.7	)			24.7				78.5				15,413.2				(55.6	)			28.4				84.0				22,884.3				(51.2	)			27.4				78.6
Japanese Government Bonds			19,932.6				(44.6	)			1.4				46.1				12,406.8				(44.9	)			5.6				50.5				19,786.3				(44.5	)			2.5				47.1
Other			14,368.9				94.9				273.5				178.5				14,284.9				152.0				331.2				179.2				15,119.5				133.3				211.8				78.4
Foreign Bonds			11,602.9				137.6				153.1				15.4				11,916.9				188.3				233.2				44.8				12,625.6				163.6				174.8				11.2
MHTB
Other Securities			374.1				78.5				86.6				8.1				911.8				63.4				78.1				14.6				785.7				79.1				90.2				11.0
Japanese Stocks			149.9				76.8				84.9				8.0				134.9				57.1				64.2				7.1				145.9				71.5				80.1				8.6
Japanese Bonds			89.8				1.0				1.0				0.0				262.3				1.5				1.5				0.0				200.0				0.6				0.8				0.1
Japanese Government Bonds			—				—				—				—				178.1				0.9				0.9				—				119.8				(0.1	)			0.0				0.1
Other			134.3				0.6				0.6				0.0				514.5				4.8				12.3				7.5				439.8				6.9				9.2				2.2
Foreign Bonds			—				—				—				—				443.8				11.2				11.5				0.2				270.6				7.1				7.8				0.7
Total
Other Securities			40,328.2				1,535.3				1,845.4				310.1				32,728.5				1,097.0				1,471.7				374.6				41,138.8				1,391.0				1,608.9				217.9
Japanese Stocks			2,676.5				1,492.3				1,545.4				53.0				2,253.4				994.2				1,098.0				103.7				2,495.1				1,301.2				1,359.6				58.3
Japanese Bonds			23,148.3				(52.7	)			25.8				78.5				15,675.5				(54.1	)			30.0				84.1				23,084.3				(50.5	)			28.2				78.8
Japanese Government Bonds			19,932.6				(44.6	)			1.4				46.1				12,585.0				(44.0	)			6.5				50.5				19,906.1				(44.6	)			2.6				47.2
Other			14,503.3				95.6				274.2				178.5				14,799.5				156.9				343.6				186.7				15,559.3				140.2				221.0				80.7
Foreign Bonds			11,602.9				137.6				153.1				15.4				12,360.7				199.6				244.7				45.1				12,896.3				170.7				182.7				11.9

 

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

*	As of December 31, 2020, and September 30, 2020, fair value of securities is determined at the quoted market price, if available, or other reasonable value at the consolidated balance sheet date.

As of March 31, 2020, fair value of Japanese stocks with a quoted market price is determined based on the average quoted market price over the month preceding the consolidated balance sheet date.

Fair value of securities other than Japanese stocks is determined at the quoted market price, if available, or other reasonable value at the consolidated balance sheet date.

*	Unrealized Gains/Losses include ¥16.1 billion,¥(1.3) billion and ¥(5.1) billion, which were recognized in the statement of income (aggregate figures for the 2 banks) for December 31, 2020, September 30, 2020 and March 31, 2020 respectively, by applying the fair-value hedge method.

 

2-4