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 November 2012
Commission File Number 001-33098
Mizuho Financial Group, Inc.
(Translation of registrants name into English)
5-1, Marunouchi 2-chome
Chiyoda-ku, Tokyo 100-8333
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 x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82- .
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: November 14, 2012 | ||
Mizuho Financial Group, Inc. | ||
By: | /s/ Hideyuki Takahashi | |
Name: | Hideyuki Takahashi | |
Title: | Managing Director / CFO |
For Immediate Release: |
Financial Statements for the Second Quarter of Fiscal 2012 (Six months ended September 30, 2012) <Under Japanese GAAP> |
Company Name: | Mizuho Financial Group, Inc. (MHFG) | November 14, 2012 | ||||||||
Stock Code Number (Japan): |
8411 | |||||||||
Stock Exchanges (Japan): |
Tokyo Stock Exchange (First Section), Osaka Securities Exchange (First Section) | |||||||||
URL: | http://www.mizuho-fg.co.jp/english/ |
Representative: |
Yasuhiro Sato President & CEO | |||||||
For Inquiry: |
Hisaaki Hirama General Manager of Accounting | |||||||
Phone: +81-3-5224-2030 |
Filing of Shihanki Hokokusho (scheduled): |
November 28, 2012 | Trading Accounts: Established | ||||
Commencement of Dividend Payment (scheduled): |
December 7, 2012 |
Supplementary Materials on Quarterly Results: Attached |
||||||||
IR Conference on Quarterly Results: Scheduled |
Amounts less than one million yen are rounded down.
1. Financial Highlights for the Second Quarter (First Half) of Fiscal 2012
(for the six months ended September 30, 2012)
(1) Consolidated Results of Operations
(%: Changes from the previous first half) | ||||||||||||||||||||||||
Ordinary Income | Ordinary Profits | Net Income | ||||||||||||||||||||||
¥ million | % | ¥ million | % | ¥ million | % | |||||||||||||||||||
1H F2012 |
1,447,821 | 7.6 | 285,747 | 11.4 | 184,276 | (27.6 | ) | |||||||||||||||||
1H F2011 |
1,344,326 | (7.2 | ) | 256,467 | (39.4 | ) | 254,665 | (25.4 | ) |
Note: Comprehensive Income: 1H F2012: ¥181,738 million, 2.3%; 1H F2011: ¥177,529 million, (39.6)%
Net Income per Share of Common Stock |
Diluted Net Income per Share of Common Stock |
|||||||
¥ | ¥ | |||||||
1H F2012 |
7.49 | 7.24 | ||||||
1H F2011 |
11.28 | 10.76 |
(2) Consolidated Financial Conditions
Total Assets | Total Net Assets | Own Capital Ratio | Consolidated Capital Adequacy Ratio (BIS Standard) |
|||||||||||||
¥ million | ¥ million | % | % | |||||||||||||
1H F2012 |
165,599,660 | 6,751,845 | 3.0 | 15.45 | ||||||||||||
Fiscal 2011 |
165,360,501 | 6,869,295 | 2.9 | 15.50 |
Reference: |
Own Capital: As of September 30, 2012: ¥4,973,843 million; As of March 31, 2012: ¥4,909,437 million |
Notes: |
1. |
Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Minority Interests) / Total Assets × 100 | ||
2. |
Consolidated Capital Adequacy Ratio (BIS Standard) is based on the Standards for Bank Holding Company to Consider the Adequacy of Its Capital Based on Assets and Others Held by It and Its Subsidiaries Pursuant to Article 52-25 of the Banking Law (Financial Services Agency Ordinance Announcement No. 20, March 27, 2006). | |||
3. |
Consolidated Capital Adequacy Ratio (BIS) as of September 30, 2012 is a preliminary figure. |
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 2011 |
| 3.00 | | 3.00 | 6.00 | |||||||||||||||
Fiscal 2012 |
| 3.00 | ||||||||||||||||||
Fiscal 2012 (estimate) |
| 3.00 | 6.00 |
Notes: | 1. | Revision of the latest announced estimates for cash dividends for shareholders of common stock: No | ||
2. | Please refer to the following Cash Dividends for Shareholders of Classified Stock for cash dividends for shareholders of classified stock (unlisted), the rights of which are different from those of common stock. |
3. Consolidated Earnings Estimates for Fiscal 2012 (for the fiscal year ending March 31, 2013)
(%: Changes from the previous fiscal year) | ||||||||||||||||
Net Income | Net Income per Share of Common Stock |
|||||||||||||||
¥ million | % | ¥ | ||||||||||||||
Fiscal 2012 |
500,000 | 3.1 | 20.45 |
Notes: | 1. | Revision of the latest announced earnings estimates for fiscal 2012: No | ||
2. | The number of shares of common stock used in the above calculation is based on the following: |
| The average of the average number of shares during the 1H Fiscal 2012 and the number of shares as of September 30, 2012 (which is expected to be the average number of shares during the 2H of fiscal 2012) is used. |
| It does not take into account any increase in the number of shares of common stock due to requests for acquisition (conversion) of the Eleventh Series Class XI Preferred Stock in the 2H of fiscal 2012. |
* Notes
(1) Changes in Significant Subsidiaries during the Period (changes in specified subsidiaries accompanying changes in the scope of consolidation): No
(2) Changes in Accounting Policies and Accounting Estimates / Restatements
Changes in accounting policies due to revisions of accounting standards, etc.: Yes
Changes in accounting policies other than above: No
Changes in accounting estimates: Yes
Restatements: No
(Note) | As changes during this period correpond to changes in accounting policies which are difficult to distinguish from changes in accounting estimates, Changes in accounting policies due to revisions of accounting standards, etc. and Changes in accounting estimates are presented with Yes. For more information, please refer to (1) Changes in Accounting Policies and Accounting Estimates / Restatements on page 2 of the attachment. |
(3) Issued Shares of Common Stock
Period-end issued shares (including treasury stock): |
|
As of September 30, 2012 As of March 31, 2012 |
|
|
24,056,154,457 shares 24,048,165,727 shares |
| ||
Period-end treasury stock: |
|
As of September 30, 2012 As of March 31, 2012 |
|
|
22,956,973 shares 37,046,418 shares |
| ||
Average number of outstanding shares: |
|
1st Half of Fiscal 2012 1st Half of Fiscal 2011 |
|
|
24,026,109,898 shares 22,181,330,433 shares |
|
Non-consolidated Financial Statements
1. Financial Highlights for the Second Quarter (First Half) of Fiscal 2012
(for the six months ended September 30, 2012)
(1) Non-Consolidated Results of Operations | (%: Changes from the previous first half) |
|||||||||||||||||||||||||||||||
Operating Income | Operating Profits | Ordinary Profits | Net Income | |||||||||||||||||||||||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | |||||||||||||||||||||||||
1H F2012 |
247,269 | 979.2 | 236,792 | | 234,342 | | 234,020 | | ||||||||||||||||||||||||
1H F2011 |
22,910 | (29.7 | ) | 12,502 | (45.6 | ) | 9,145 | (45.4 | ) | 9,050 | (45.4 | ) | ||||||||||||||||||||
Net Income per Share of Common Stock |
||||||||||||||||||||||||||||||||
¥ | ||||||||||||||||||||||||||||||||
1H F2012 |
9.56 | |||||||||||||||||||||||||||||||
1H F2011 |
0.21 |
(2) Non-Consolidated Financial Conditions
Total Assets | Total Net Assets | Own Capital Ratio | ||||||||||
¥ million | ¥ million | % | ||||||||||
1H F2012 |
6,169,438 | 4,842,886 | 78.4 | |||||||||
Fiscal 2011 |
6,128,424 | 4,688,334 | 76.4 |
Reference: |
Own Capital: As of September 30, 2012: ¥4,840,136 million; As of March 31, 2012: ¥4,686,175 million |
(Presentation of Implementation Status of Interim Review Procedure)
The semi-annual audit procedure of consolidated and non-consolidated interim financial statements based on the Financial Instruments and Exchange Law has not been completed at the time of the disclosure of these Financial Statements.
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: 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; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our Medium-term Management Policy, realize the synergy effects of the transformation into one bank, 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 InformationRisk 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) which is available in the Financial Information section of our web page at www.mizuho-fg.co.jp/english/ and also at the SECs 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.
MHFG is a specified business company under Cabinet Office Ordinance on Disclosure of Corporate Information, etc. Article 17-15 clause 2 and prepares the interim consolidated and interim non-consolidated financial statements in the second quarter.
Cash Dividends for Shareholders of Classified Stock
Breakdown of cash dividends per share related to classified stock, the rights of which are different from those of common stock, is as follows:
Annual Cash Dividends per Share | ||||||||||||||||||||||
First Quarter-end |
Second Quarter-end |
Third Quarter-end |
Fiscal Year-end |
Total | ||||||||||||||||||
¥ | ¥ | ¥ | ¥ | ¥ | ||||||||||||||||||
Eleventh Series Class XI Preferred Stock |
||||||||||||||||||||||
Fiscal 2011 |
| 10.00 | | 10.00 | 20.00 | |||||||||||||||||
Fiscal 2012 |
| 10.00 | ||||||||||||||||||||
Fiscal 2012 (estimate) |
| 10.00 | 20.00 | |||||||||||||||||||
Thirteenth Series Class XIII Preferred Stock |
||||||||||||||||||||||
Fiscal 2011 |
| 15.00 | | 15.00 | 30.00 | |||||||||||||||||
Fiscal 2012 |
| 15.00 | ||||||||||||||||||||
Fiscal 2012 (estimate) |
| 15.00 | 30.00 |
Mizuho Financial Group, Inc.
mContents of Attachment
1. | Matters Related to Summary Information (Notes) | p.2 | ||||
(1) Changes in Accounting Policies and Accounting Estimates / Restatements | p.2 | |||||
2. | Interim Consolidated Financial Statements | p.3 | ||||
(1) Consolidated Balance Sheets | p.3 | |||||
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income | p.5 | |||||
(3) Consolidated Statements of Changes in Net Assets | p.7 | |||||
(4) Note for Assumption of Going Concern | p.9 | |||||
3. | Interim Non-Consolidated Financial Statements | p.10 | ||||
(1) Non-Consolidated Balance Sheets | p.10 | |||||
(2) Non-Consolidated Statements of Income | p.11 | |||||
(3) Non-Consolidated Statements of Changes in Net Assets | p.12 | |||||
(4) Note for Assumption of Going Concern | p.13 |
SELECTED FINANCIAL INFORMATION For the Second Quarter (First Half) of Fiscal 2012
[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.
A MHFG IR conference for institutional investors and analysts is scheduled for November 21 2012 (Wednesday). It will be broadcasted live on the Internet and its presentation materials will also be available for use by individual investors in the IR Information section of the Mizuho Financial Group HP immediately after the conference.
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 which are difficult to distinguish from changes in accounting estimates)
Mizuho Financial Group and its domestic consolidated subsidiaries have applied the depreciation method based on the revised Corporation Tax Law to tangible fixed assets newly booked on or after April 1, 2012 beginning with this interim period, following the revision of the Corporation Tax Law. The effect of this application on the consolidated statement of income is immaterial.
2
Mizuho Financial Group, Inc.
2. Interim Consolidated Financial Statements
(1) Consolidated Balance Sheets
Millions of yen | ||||||||
As of March 31, 2012 |
As of September 30, 2012 |
|||||||
Assets |
||||||||
Cash and Due from Banks |
¥ | 7,278,477 | ¥ | 8,217,669 | ||||
Call Loans and Bills Purchased |
249,032 | 326,889 | ||||||
Receivables under Resale Agreements |
7,123,397 | 8,813,278 | ||||||
Guarantee Deposits Paid under Securities Borrowing Transactions |
6,406,409 | 6,446,602 | ||||||
Other Debt Purchased |
1,542,062 | 1,378,582 | ||||||
Trading Assets |
14,075,005 | 15,448,338 | ||||||
Money Held in Trust |
71,414 | 72,907 | ||||||
Securities |
51,392,878 | 48,551,986 | ||||||
Loans and Bills Discounted |
63,800,509 | 63,650,211 | ||||||
Foreign Exchange Assets |
1,016,665 | 1,038,653 | ||||||
Derivatives other than for Trading Assets |
4,474,729 | 4,073,950 | ||||||
Other Assets |
2,871,153 | 2,695,563 | ||||||
Tangible Fixed Assets |
923,907 | 899,877 | ||||||
Intangible Fixed Assets |
485,995 | 475,510 | ||||||
Deferred Tax Assets |
359,987 | 437,489 | ||||||
Customers Liabilities for Acceptances and Guarantees |
3,980,644 | 3,723,410 | ||||||
Reserves for Possible Losses on Loans |
(691,760 | ) | (651,217 | ) | ||||
Reserve for Possible Losses on Investments |
(10 | ) | (43 | ) | ||||
|
|
|
|
|||||
Total Assets |
¥ | 165,360,501 | ¥ | 165,599,660 | ||||
|
|
|
|
3
Mizuho Financial Group, Inc.
Millions of yen | ||||||||
As of March 31, 2012 |
As of September 30, 2012 |
|||||||
Liabilities |
||||||||
Deposits |
¥ | 78,811,909 | ¥ | 79,013,741 | ||||
Negotiable Certificates of Deposit |
11,824,746 | 12,394,561 | ||||||
Call Money and Bills Sold |
5,668,929 | 5,660,219 | ||||||
Payables under Repurchase Agreements |
12,455,152 | 14,079,596 | ||||||
Guarantee Deposits Received under Securities Lending Transactions |
7,710,373 | 9,191,355 | ||||||
Commercial Paper |
362,694 | 426,514 | ||||||
Trading Liabilities |
8,215,668 | 7,992,452 | ||||||
Borrowed Money |
14,763,870 | 11,803,697 | ||||||
Foreign Exchange Liabilities |
233,184 | 167,989 | ||||||
Short-term Bonds |
538,198 | 494,598 | ||||||
Bonds and Notes |
4,783,180 | 4,855,663 | ||||||
Due to Trust Accounts |
1,003,129 | 1,057,519 | ||||||
Derivatives other than for Trading Liabilities |
4,288,356 | 3,549,842 | ||||||
Other Liabilities |
3,610,067 | 4,214,724 | ||||||
Reserve for Bonus Payments |
38,577 | 27,181 | ||||||
Reserve for Employee Retirement Benefits |
36,053 | 36,956 | ||||||
Reserve for Director and Corporate Auditor Retirement Benefits |
2,256 | 1,850 | ||||||
Reserve for Possible Losses on Sales of Loans |
8 | 20 | ||||||
Reserve for Contingencies |
24,559 | 14,526 | ||||||
Reserve for Reimbursement of Deposits |
15,769 | 16,013 | ||||||
Reserve for Reimbursement of Debentures |
20,193 | 24,515 | ||||||
Reserves under Special Laws |
1,221 | 1,194 | ||||||
Deferred Tax Liabilities |
19,219 | 17,085 | ||||||
Deferred Tax Liabilities for Revaluation Reserve for Land |
83,243 | 82,586 | ||||||
Acceptances and Guarantees |
3,980,644 | 3,723,410 | ||||||
|
|
|
|
|||||
Total Liabilities |
158,491,206 | 158,847,814 | ||||||
|
|
|
|
|||||
Net Assets |
||||||||
Common Stock and Preferred Stock |
2,254,972 | 2,254,972 | ||||||
Capital Surplus |
1,109,783 | 1,109,508 | ||||||
Retained Earnings |
1,405,066 | 1,513,862 | ||||||
Treasury Stock |
(7,074 | ) | (4,716 | ) | ||||
|
|
|
|
|||||
Total Shareholders Equity |
4,762,749 | 4,873,626 | ||||||
|
|
|
|
|||||
Net Unrealized Gains (Losses) on Other Securities |
37,857 | (33,425 | ) | |||||
Deferred Gains or Losses on Hedges |
67,045 | 94,126 | ||||||
Revaluation Reserve for Land |
144,635 | 143,449 | ||||||
Foreign Currency Translation Adjustments |
(102,850 | ) | (103,933 | ) | ||||
|
|
|
|
|||||
Total Accumulated Other Comprehensive Income |
146,687 | 100,216 | ||||||
|
|
|
|
|||||
Stock Acquisition Rights |
2,158 | 2,749 | ||||||
Minority Interests |
1,957,699 | 1,775,252 | ||||||
|
|
|
|
|||||
Total Net Assets |
6,869,295 | 6,751,845 | ||||||
|
|
|
|
|||||
Total Liabilities and Net Assets |
¥ | 165,360,501 | ¥ | 165,599,660 | ||||
|
|
|
|
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 six months ended September 30, 2011 |
For the six months ended September 30, 2012 |
|||||||
Ordinary Income |
¥ | 1,344,326 | ¥ | 1,447,821 | ||||
Interest Income |
693,324 | 694,989 | ||||||
Interest on Loans and Bills Discounted |
435,294 | 440,615 | ||||||
Interest and Dividends on Securities |
167,052 | 168,509 | ||||||
Fiduciary Income |
24,507 | 23,913 | ||||||
Fee and Commission Income |
267,300 | 270,722 | ||||||
Trading Income |
87,688 | 122,453 | ||||||
Other Operating Income |
187,294 | 246,823 | ||||||
Other Ordinary Income |
84,210 | 88,920 | ||||||
Ordinary Expenses |
1,087,858 | 1,162,074 | ||||||
Interest Expenses |
158,175 | 161,963 | ||||||
Interest on Deposits |
49,672 | 45,915 | ||||||
Interest on Debentures |
339 | | ||||||
Fee and Commission Expenses |
55,968 | 56,257 | ||||||
Other Operating Expenses |
55,429 | 36,631 | ||||||
General and Administrative Expenses |
636,777 | 607,327 | ||||||
Other Ordinary Expenses |
181,507 | 299,895 | ||||||
|
|
|
|
|||||
Ordinary Profits |
256,467 | 285,747 | ||||||
|
|
|
|
|||||
Extraordinary Gains |
91,443 | 974 | ||||||
Extraordinary Losses |
4,277 | 9,307 | ||||||
|
|
|
|
|||||
Income before Income Taxes and Minority Interests |
343,634 | 277,414 | ||||||
|
|
|
|
|||||
Income Taxes: |
||||||||
Current |
21,043 | 128,456 | ||||||
Deferred |
25,991 | (77,383 | ) | |||||
Total Income Taxes |
47,034 | 51,073 | ||||||
Net Income before Minority Interests |
296,599 | 226,341 | ||||||
Minority Interests in Net Income |
41,933 | 42,064 | ||||||
|
|
|
|
|||||
Net Income |
¥ | 254,665 | ¥ | 184,276 | ||||
|
|
|
|
5
Mizuho Financial Group, Inc.
[Consolidated Statements of Comprehensive Income]
Millions of yen | ||||||||
For the six months ended September 30, 2011 |
For the six months ended September 30, 2012 |
|||||||
Income before Minority Interests |
¥ | 296,599 | ¥ | 226,341 | ||||
Other Comprehensive Income |
(119,070 | ) | (44,602 | ) | ||||
Net Unrealized Gains (Losses) on Other Securities |
(136,627 | ) | (70,559 | ) | ||||
Deferred Gains or Losses on Hedges |
18,788 | 26,986 | ||||||
Revaluation Reserve for Land |
| (0 | ) | |||||
Foreign Currency Translation Adjustments |
(516 | ) | (1,874 | ) | ||||
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method |
(714 | ) | 845 | |||||
|
|
|
|
|||||
Comprehensive Income |
177,529 | 181,738 | ||||||
|
|
|
|
|||||
Comprehensive Income Attributable to Owners of the Parent |
143,034 | 138,991 | ||||||
Comprehensive Income Attributable to Minority Interests |
34,495 | 42,747 |
6
Mizuho Financial Group, Inc.
(3) Consolidated Statements of Changes in Net Assets
Millions of yen | ||||||||
For the six months ended September 30, 2011 |
For the six months ended September 30, 2012 |
|||||||
Shareholders Equity |
||||||||
Common Stock and Preferred Stock |
||||||||
Balance as of the beginning of the period |
¥ | 2,181,375 | ¥ | 2,254,972 | ||||
Changes during the period |
||||||||
Issuance of New Shares |
350 | | ||||||
Increase in Stock due to Share Exchange |
73,247 | | ||||||
|
|
|
|
|||||
Total Changes during the period |
73,597 | | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
2,254,972 | 2,254,972 | ||||||
|
|
|
|
|||||
Capital Surplus |
||||||||
Balance as of the beginning of the period |
937,680 | 1,109,783 | ||||||
Changes during the period |
||||||||
Issuance of New Shares |
350 | | ||||||
Increase in Stock due to Share Exchange |
171,575 | | ||||||
Disposition of Treasury Stock |
173 | (275 | ) | |||||
|
|
|
|
|||||
Total Changes during the period |
172,099 | (275 | ) | |||||
|
|
|
|
|||||
Balance as of the end of the period |
1,109,779 | 1,109,508 | ||||||
|
|
|
|
|||||
Retained Earnings |
||||||||
Balance as of the beginning of the period |
1,132,351 | 1,405,066 | ||||||
Changes during the period |
||||||||
Cash Dividends |
(140,097 | ) | (76,322 | ) | ||||
Net Income |
254,665 | 184,276 | ||||||
Disposition of Treasury Stock |
(199 | ) | (344 | ) | ||||
Transfer from Revaluation Reserve for Land |
2,618 | 1,185 | ||||||
|
|
|
|
|||||
Total Changes during the period |
116,987 | 108,795 | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
1,249,339 | 1,513,862 | ||||||
|
|
|
|
|||||
Treasury Stock |
||||||||
Balance as of the beginning of the period |
(3,196 | ) | (7,074 | ) | ||||
Changes during the period |
||||||||
Increase in Stock due to Share Exchange |
(13,318 | ) | | |||||
Repurchase of Treasury Stock |
(2 | ) | (246 | ) | ||||
Disposition of Treasury Stock |
3,804 | 2,603 | ||||||
|
|
|
|
|||||
Total Changes during the period |
(9,515 | ) | 2,357 | |||||
|
|
|
|
|||||
Balance as of the end of the period |
¥ | (12,712 | ) | ¥ | (4,716 | ) | ||
|
|
|
|
7
Mizuho Financial Group, Inc.
Millions of yen | ||||||||
For the six months ended September 30, 2011 |
For the six months ended September 30, 2012 |
|||||||
Total Shareholders Equity |
||||||||
Balance as of the beginning of the period |
¥ | 4,248,209 | ¥ | 4,762,749 | ||||
Changes during the period |
||||||||
Issuance of New Shares |
701 | | ||||||
Increase in Stock due to Share Exchange |
231,504 | | ||||||
Cash Dividends |
(140,097 | ) | (76,322 | ) | ||||
Net Income |
254,665 | 184,276 | ||||||
Repurchase of Treasury Stock |
(2 | ) | (246 | ) | ||||
Disposition of Treasury Stock |
3,779 | 1,984 | ||||||
Transfer from Revaluation Reserve for Land |
2,618 | 1,185 | ||||||
|
|
|
|
|||||
Total Changes during the period |
353,168 | 110,877 | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
4,601,378 | 4,873,626 | ||||||
|
|
|
|
|||||
Accumulated Other Comprehensive Income |
||||||||
Net Unrealized Gains (Losses) on Other Securities |
||||||||
Balance as of the beginning of the period |
(21,648 | ) | 37,857 | |||||
Changes during the period |
||||||||
Net Changes in Items other than Shareholders Equity |
(130,732 | ) | (71,282 | ) | ||||
|
|
|
|
|||||
Total Changes during the period |
(130,732 | ) | (71,282 | ) | ||||
|
|
|
|
|||||
Balance as of the end of the period |
(152,381 | ) | (33,425 | ) | ||||
|
|
|
|
|||||
Deferred Gains or Losses on Hedges |
||||||||
Balance as of the beginning of the period |
68,769 | 67,045 | ||||||
Changes during the period |
||||||||
Net Changes in Items other than Shareholders Equity |
18,461 | 27,080 | ||||||
|
|
|
|
|||||
Total Changes during the period |
18,461 | 27,080 | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
87,230 | 94,126 | ||||||
|
|
|
|
|||||
Revaluation Reserve for Land |
||||||||
Balance as of the beginning of the period |
137,707 | 144,635 | ||||||
Changes during the period |
||||||||
Net Changes in Items other than Shareholders Equity |
(2,618 | ) | (1,186 | ) | ||||
|
|
|
|
|||||
Total Changes during the period |
(2,618 | ) | (1,186 | ) | ||||
|
|
|
|
|||||
Balance as of the end of the period |
¥ | 135,088 | ¥ | 143,449 | ||||
|
|
|
|
8
Mizuho Financial Group, Inc.
Millions of yen | ||||||||
For the six months
ended September 30, 2011 |
For the six months
ended September 30, 2012 |
|||||||
Foreign Currency Translation Adjustments |
||||||||
Balance as of the beginning of the period |
¥ | (103,921 | ) | ¥ | (102,850 | ) | ||
Changes during the period |
||||||||
Net Changes in Items other than Shareholders Equity |
640 | (1,082 | ) | |||||
|
|
|
|
|||||
Total Changes during the period |
640 | (1,082 | ) | |||||
|
|
|
|
|||||
Balance as of the end of the period |
(103,281 | ) | (103,933 | ) | ||||
|
|
|
|
|||||
Total Accumulated Other Comprehensive Income |
||||||||
Balance as of the beginning of the period |
80,906 | 146,687 | ||||||
Changes during the period |
||||||||
Net Changes in Items other than Shareholders Equity |
(114,250 | ) | (46,470 | ) | ||||
|
|
|
|
|||||
Total Changes during the period |
(114,250 | ) | (46,470 | ) | ||||
|
|
|
|
|||||
Balance as of the end of the period |
(33,343 | ) | 100,216 | |||||
|
|
|
|
|||||
Stock Acquisition Rights |
||||||||
Balance as of the beginning of the period |
2,754 | 2,158 | ||||||
Changes during the period |
||||||||
Net Changes in Items other than Shareholders Equity |
(1,735 | ) | 590 | |||||
|
|
|
|
|||||
Total Changes during the period |
(1,735 | ) | 590 | |||||
|
|
|
|
|||||
Balance as of the end of the period |
1,019 | 2,749 | ||||||
|
|
|
|
|||||
Minority Interests |
||||||||
Balance as of the beginning of the period |
2,292,128 | 1,957,699 | ||||||
Changes during the period |
||||||||
Net Changes in Items other than Shareholders Equity |
(342,253 | ) | (182,447 | ) | ||||
|
|
|
|
|||||
Total Changes during the period |
(342,253 | ) | (182,447 | ) | ||||
|
|
|
|
|||||
Balance as of the end of the period |
1,949,875 | 1,775,252 | ||||||
|
|
|
|
|||||
Total Net Assets |
||||||||
Balance as of the beginning of the period |
6,623,999 | 6,869,295 | ||||||
Changes during the period |
||||||||
Issuance of New Shares |
701 | | ||||||
Increase in Stock due to Share Exchange |
231,504 | | ||||||
Cash Dividends |
(140,097 | ) | (76,322 | ) | ||||
Net Income |
254,665 | 184,276 | ||||||
Repurchase of Treasury Stock |
(2 | ) | (246 | ) | ||||
Disposition of Treasury Stock |
3,779 | 1,984 | ||||||
Transfer from Revaluation Reserve for Land |
2,618 | 1,185 | ||||||
Net Changes in Items other than Shareholders Equity |
(458,238 | ) | (228,327 | ) | ||||
|
|
|
|
|||||
Total Changes during the period |
(105,069 | ) | (117,449 | ) | ||||
|
|
|
|
|||||
Balance as of the end of the period |
¥ | 6,518,929 | ¥ | 6,751,845 | ||||
|
|
|
|
(4) Note for Assumption of Going Concern
There is no applicable information.
9
Mizuho Financial Group, Inc.
3. Interim Non-Consolidated Financial Statements
(1) Non-Consolidated Balance Sheets
Millions of yen | ||||||||
As of March 31, 2012 |
As of September 30, 2012 |
|||||||
Assets |
||||||||
Current Assets |
||||||||
Cash and Due from Banks |
¥ | 14,452 | ¥ | 17,634 | ||||
Accounts Receivable |
1,447 | 47,048 | ||||||
Other Current Assets |
6,893 | 7,159 | ||||||
Total Current Assets |
22,793 | 71,842 | ||||||
Fixed Assets |
||||||||
Tangible Fixed Assets |
2,234 | 2,580 | ||||||
Intangible Fixed Assets |
2,726 | 2,431 | ||||||
Investments |
6,100,670 | 6,092,584 | ||||||
Investments in Subsidiaries and Affiliates |
6,034,643 | 6,034,643 | ||||||
Other Investments |
66,027 | 57,941 | ||||||
Total Fixed Assets |
6,105,631 | 6,097,596 | ||||||
|
|
|
|
|||||
Total Assets |
¥ | 6,128,424 | ¥ | 6,169,438 | ||||
|
|
|
|
|||||
Liabilities |
||||||||
Current Liabilities |
||||||||
Short-term Borrowings |
¥ | 741,070 | ¥ | 568,805 | ||||
Short-term Bonds |
440,000 | 500,000 | ||||||
Accrued Corporate Taxes |
63 | 120 | ||||||
Reserve for Bonus Payments |
280 | 268 | ||||||
Other Current Liabilities |
5,791 | 6,621 | ||||||
Total Current Liabilities |
1,187,205 | 1,075,814 | ||||||
Non-Current Liabilities |
||||||||
Bonds and Notes |
240,000 | 240,000 | ||||||
Reserve for Employee Retirement Benefits |
1,997 | 2,171 | ||||||
Asset Retirement Obligations |
643 | 643 | ||||||
Other Non-Current Liabilities |
10,244 | 7,922 | ||||||
Total Non-Current Liabilities |
252,885 | 250,737 | ||||||
|
|
|
|
|||||
Total Liabilities |
1,440,090 | 1,326,552 | ||||||
|
|
|
|
|||||
Net Assets |
||||||||
Shareholders Equity |
||||||||
Common Stock and Preferred Stock |
2,254,972 | 2,254,972 | ||||||
Capital Surplus |
||||||||
Capital Reserve |
1,194,864 | 1,194,864 | ||||||
Total Capital Surplus |
1,194,864 | 1,194,864 | ||||||
Retained Earnings |
||||||||
Appropriated Reserve |
4,350 | 4,350 | ||||||
Other Retained Earnings |
1,230,688 | 1,388,014 | ||||||
Retained Earnings Brought Forward |
1,230,688 | 1,388,014 | ||||||
Total Retained Earnings |
1,235,038 | 1,392,364 | ||||||
Treasury Stock |
(5,453 | ) | (4,361 | ) | ||||
|
|
|
|
|||||
Total Shareholders Equity |
4,679,422 | 4,837,840 | ||||||
|
|
|
|
|||||
Valuation and Translation Adjustments |
||||||||
Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
6,753 | 2,296 | ||||||
|
|
|
|
|||||
Total Valuation and Translation Adjustments |
6,753 | 2,296 | ||||||
|
|
|
|
|||||
Stock Acquisition Rights |
2,158 | 2,749 | ||||||
|
|
|
|
|||||
Total Net Assets |
4,688,334 | 4,842,886 | ||||||
|
|
|
|
|||||
Total Liabilities and Net Assets |
¥ | 6,128,424 | ¥ | 6,169,438 | ||||
|
|
|
|
10
Mizuho Financial Group, Inc.
(2) Non-Consolidated Statements of Income
Millions of yen | ||||||||
For the six months ended September 30, 2011 |
For the six months ended September 30, 2012 |
|||||||
Operating Income |
¥ | 22,910 | ¥ | 247,269 | ||||
Operating Expenses |
||||||||
General and Administrative Expenses |
10,408 | 10,476 | ||||||
Total Operating Expenses |
10,408 | 10,476 | ||||||
|
|
|
|
|||||
Operating Profits |
12,502 | 236,792 | ||||||
|
|
|
|
|||||
Non-Operating Income |
5,856 | 5,892 | ||||||
Non-Operating Expenses |
9,213 | 8,342 | ||||||
|
|
|
|
|||||
Ordinary Profits |
9,145 | 234,342 | ||||||
|
|
|
|
|||||
Extraordinary Losses |
1 | 0 | ||||||
|
|
|
|
|||||
Income before Income Taxes |
9,144 | 234,341 | ||||||
|
|
|
|
|||||
Income Taxes: |
||||||||
Current |
68 | 200 | ||||||
Deferred |
25 | 121 | ||||||
|
|
|
|
|||||
Total Income Taxes |
93 | 321 | ||||||
|
|
|
|
|||||
Net Income |
¥ | 9,050 | ¥ | 234,020 | ||||
|
|
|
|
11
Mizuho Financial Group, Inc.
(3) Non-Consolidated Statements of Changes in Net Assets
Millions of yen | ||||||||
For the six months ended September 30, 2011 |
For the six months ended September 30, 2012 |
|||||||
Shareholders Equity |
||||||||
Common Stock and Preferred Stock |
||||||||
Balance as of the beginning of the period |
¥ | 2,181,375 | ¥ | 2,254,972 | ||||
Changes during the period |
||||||||
Issuance of New Shares |
73,597 | | ||||||
|
|
|
|
|||||
Total Changes during the period |
73,597 | | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
2,254,972 | 2,254,972 | ||||||
|
|
|
|
|||||
Capital Surplus |
||||||||
Capital Reserve |
||||||||
Balance as of the beginning of the period |
1,025,651 | 1,194,864 | ||||||
Changes during the period |
||||||||
Issuance of New Shares |
73,597 | | ||||||
Increase in Stock due to Share Exchange |
95,615 | | ||||||
|
|
|
|
|||||
Total Changes during the period |
169,213 | | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
1,194,864 | 1,194,864 | ||||||
|
|
|
|
|||||
Total Capital Surplus |
||||||||
Balance as of the beginning of the period |
1,025,651 | 1,194,864 | ||||||
Changes during the period |
||||||||
Issuance of New Shares |
73,597 | | ||||||
Increase in Stock due to Share Exchange |
95,615 | | ||||||
|
|
|
|
|||||
Total Changes during the period |
169,213 | | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
1,194,864 | 1,194,864 | ||||||
|
|
|
|
|||||
Retained Earnings |
||||||||
Appropriated Reserve |
||||||||
Balance as of the beginning of the period |
4,350 | 4,350 | ||||||
Changes during the period |
||||||||
Total Changes during the period |
| | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
4,350 | 4,350 | ||||||
|
|
|
|
|||||
Other Retained Earnings |
||||||||
Retained Earnings Brought Forward |
||||||||
Balance as of the beginning of the period |
1,437,204 | 1,230,688 | ||||||
Changes during the period |
||||||||
Cash Dividends |
(140,097 | ) | (76,350 | ) | ||||
Net Income |
9,050 | 234,020 | ||||||
Disposition of Treasury Stock |
(199 | ) | (344 | ) | ||||
|
|
|
|
|||||
Total Changes during the period |
(131,246 | ) | 157,325 | |||||
|
|
|
|
|||||
Balance as of the end of the period |
1,305,957 | 1,388,014 | ||||||
|
|
|
|
|||||
Total Retained Earnings |
||||||||
Balance as of the beginning of the period |
1,441,554 | 1,235,038 | ||||||
Changes during the period |
||||||||
Cash Dividends |
(140,097 | ) | (76,350 | ) | ||||
Net Income |
9,050 | 234,020 | ||||||
Disposition of Treasury Stock |
(199 | ) | (344 | ) | ||||
|
|
|
|
|||||
Total Changes during the period |
(131,246 | ) | 157,325 | |||||
|
|
|
|
|||||
Balance as of the end of the period |
¥ | 1,310,307 | ¥ | 1,392,364 | ||||
|
|
|
|
12
Mizuho Financial Group, Inc.
Millions of yen | ||||||||
For the six months ended September 30, 2011 |
For the six months ended September 30, 2012 |
|||||||
Treasury Stock |
||||||||
Balance as of the beginning of the period |
¥ | (3,196 | ) | ¥ | (5,453 | ) | ||
Changes during the period |
||||||||
Repurchase of Treasury Stock |
(2 | ) | (2 | ) | ||||
Disposition of Treasury Stock |
271 | 1,094 | ||||||
|
|
|
|
|||||
Total Changes during the period |
268 | 1,091 | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
(2,928 | ) | (4,361 | ) | ||||
|
|
|
|
|||||
Total Shareholders Equity |
||||||||
Balance as of the beginning of the period |
4,645,383 | 4,679,422 | ||||||
Changes during the period |
||||||||
Issuance of New Shares |
147,195 | | ||||||
Increase in Stock due to Share Exchange |
95,615 | | ||||||
Cash Dividends |
(140,097 | ) | (76,350 | ) | ||||
Net Income |
9,050 | 234,020 | ||||||
Repurchase of Treasury Stock |
(2 | ) | (2 | ) | ||||
Disposition of Treasury Stock |
71 | 749 | ||||||
|
|
|
|
|||||
Total Changes during the period |
111,833 | 158,417 | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
4,757,217 | 4,837,840 | ||||||
|
|
|
|
|||||
Valuation and Translation Adjustments |
||||||||
Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
||||||||
Balance as of the beginning of the period |
5,713 | 6,753 | ||||||
Changes during the period |
||||||||
Net Changes in Items other than Shareholders Equity |
(9,313 | ) | (4,456 | ) | ||||
|
|
|
|
|||||
Total Changes during the period |
(9,313 | ) | (4,456 | ) | ||||
|
|
|
|
|||||
Balance as of the end of the period |
(3,599 | ) | 2,296 | |||||
|
|
|
|
|||||
Stock Acquisition Rights |
||||||||
Balance as of the beginning of the period |
1,786 | 2,158 | ||||||
Changes during the period |
||||||||
Net Changes in Items other than Shareholders Equity |
(766 | ) | 590 | |||||
|
|
|
|
|||||
Total Changes during the period |
(766 | ) | 590 | |||||
|
|
|
|
|||||
Balance as of the end of the period |
1,019 | 2,749 | ||||||
|
|
|
|
|||||
Total Net Assets |
||||||||
Balance as of the beginning of the period |
4,652,883 | 4,688,334 | ||||||
Changes during the period |
||||||||
Issuance of New Shares |
147,195 | | ||||||
Increase in Stock due to Share Exchange |
95,615 | | ||||||
Cash Dividends |
(140,097 | ) | (76,350 | ) | ||||
Net Income |
9,050 | 234,020 | ||||||
Repurchase of Treasury Stock |
(2 | ) | (2 | ) | ||||
Disposition of Treasury Stock |
71 | 749 | ||||||
Net Changes in Items other than Shareholders Equity |
(10,079 | ) | (3,865 | ) | ||||
|
|
|
|
|||||
Total Changes during the period |
101,753 | 154,551 | ||||||
|
|
|
|
|||||
Balance as of the end of the period |
¥ | 4,754,636 | ¥ | 4,842,886 | ||||
|
|
|
|
(4) Note for Assumption of Going Concern
There is no applicable information.
13
SELECTED FINANCIAL INFORMATION
For the Second Quarter (First Half) of Fiscal 2012
(Six months ended September 30, 2012)
<Under Japanese GAAP>
Mizuho Financial Group, Inc.
C O N T E N T S
Notes:
CON: Consolidated figures of Mizuho Financial Group, Inc. (MHFG)
NON: Non-consolidated figures of Mizuho Bank, Ltd. (MHBK), Mizuho Corporate Bank, Ltd. (MHCB) and Mizuho Trust & Banking Co., Ltd. (MHTB)
HC: Non-consolidated figures of Mizuho Financial Group, Inc.
I. FINANCIAL DATA FOR THE FIRST HALF OF FISCAL 2012 |
See above Notes | Page | ||||
1. Income Analysis |
CON | NON | 1 | |||
2. Interest Margins (Domestic Operations) |
NON | 6 | ||||
3. Use and Source of Funds |
NON | 7 | ||||
4. Net Gains/Losses on Securities |
NON | 11 | ||||
5. Unrealized Gains/Losses on Securities |
CON | NON | 13 | |||
6. Projected Redemption Amounts for Securities |
NON | 15 | ||||
7. Overview of Derivative Transactions Qualifying for Hedge Accounting |
NON | 16 | ||||
8. Employee Retirement Benefits |
NON | CON | 17 | |||
9. Capital Adequacy Ratio |
CON | 19 | ||||
II. REVIEW OF CREDITS |
See above Notes | Page | ||||
1. Status of Non-Accrual, Past Due & Restructured Loans |
CON | NON | 21 | |||
2. Status of Reserves for Possible Losses on Loans |
CON | NON | 23 | |||
3. Reserve Ratios for Non-Accrual, Past Due & Restructured Loans |
CON | NON | 24 | |||
4. Status of Disclosed Claims under the Financial Reconstruction Law (FRL) |
CON | NON | 25 | |||
5. Coverage on Disclosed Claims under the FRL |
NON | 27 | ||||
6. Overview of Non-Performing Loans (NPLs) |
NON | 30 | ||||
7. Results of Removal of NPLs from the Balance Sheet |
NON | 31 | ||||
8. Status of Loans by Industry |
||||||
(1) Outstanding Balances and Non-Accrual, Past Due & Restructured Loans by Industry |
NON | 33 | ||||
(2) Disclosed Claims under the FRL and Coverage Ratio by Industry |
NON | 35 | ||||
9. Housing and Consumer Loans & Loans to Small and Medium-Sized Enterprises |
||||||
(SMEs) and Individual Customers |
||||||
(1) Balance of Housing and Consumer Loans |
NON | 36 | ||||
(2) Loans to SMEs and Individual Customers |
NON | 36 | ||||
10. Status of Loans by Region |
||||||
(1) Balance of Loans to Restructuring Countries |
NON | 37 | ||||
(2) Outstanding Balances and Non-Accrual, Past Due & Restructured Loans by Region |
NON | 37 | ||||
III. DEFERRED TAXES |
See above Notes | Page | ||||
1. Change in Deferred Tax Assets, etc. |
CON | NON | 38 | |||
2. Estimation for Calculating Deferred Tax Assets |
NON | 39 |
IV. OTHERS |
See above Notes | Page | ||||||
1. Breakdown of Deposits (Domestic Offices) |
NON | 43 | ||||||
2. Number of Directors and Employees |
HC | NON | 44 | |||||
3. Number of Branches and Offices |
NON | 45 | ||||||
4. Earnings Plan for Fiscal 2012 |
CON | NON | 46 | |||||
Attachments |
See above Notes | Page | ||||||
Mizuho Bank, Ltd. |
||||||||
Comparison of Non-Consolidated Balance Sheets (selected items) |
NON | 47 | ||||||
Comparison of Non-Consolidated Statements of Income (selected items) |
NON | 48 | ||||||
Non-Consolidated Statement of Changes in Net Assets |
NON | 49 | ||||||
Mizuho Corporate Bank, Ltd. |
||||||||
Comparison of Non-Consolidated Balance Sheets (selected items) |
NON | 50 | ||||||
Comparison of Non-Consolidated Statements of Income (selected items) |
NON | 51 | ||||||
Non-Consolidated Statement of Changes in Net Assets |
NON | 52 | ||||||
Mizuho Trust & Banking Co., Ltd. |
||||||||
Comparison of Non-Consolidated Balance Sheets (selected items) |
NON | 53 | ||||||
Comparison of Non-Consolidated Statements of Income (selected items) |
NON | 54 | ||||||
Non-Consolidated Statement of Changes in Net Assets |
NON | 55 | ||||||
Statement of Trust Assets and Liabilities |
NON | 56 | ||||||
Comparison of Balances of Principal Items |
NON | 57 |
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: 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; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our Medium-term Management Policy, realize the synergy effects of the transformation into one bank, 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 InformationRisk 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) which is available in the Financial Information section of our web page at www.mizuho-fg.co.jp/english/ and also at the SECs 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.
I. FINANCIAL DATA FOR THE FIRST HALF OF FISCAL 2012
1. Income Analysis
Consolidated
(Millions of yen) | ||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||||||
Change | ||||||||||||||||
Consolidated Gross Profits |
1 | 1,104,049 | 113,507 | 990,542 | ||||||||||||
Net Interest Income |
2 | 533,026 | (2,123 | ) | 535,149 | |||||||||||
Fiduciary Income |
3 | 23,913 | (594 | ) | 24,507 | |||||||||||
Credit Costs for Trust Accounts |
4 | | | | ||||||||||||
Net Fee and Commission Income |
5 | 214,464 | 3,133 | 211,331 | ||||||||||||
Net Trading Income |
6 | 122,453 | 34,764 | 87,688 | ||||||||||||
Net Other Operating Income |
7 | 210,192 | 78,327 | 131,864 | ||||||||||||
General and Administrative Expenses |
8 | (607,327 | ) | 29,449 | (636,777 | ) | ||||||||||
Personnel Expenses |
9 | (304,209 | ) | 12,211 | (316,420 | ) | ||||||||||
Non-Personnel Expenses |
10 | (277,451 | ) | 15,680 | (293,132 | ) | ||||||||||
Miscellaneous Taxes |
11 | (25,666 | ) | 1,557 | (27,223 | ) | ||||||||||
Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Possible Losses on Loans) |
12 | (19,592 | ) | 362 | (19,954 | ) | ||||||||||
Losses on Write-offs of Loans |
13 | (19,623 | ) | (297 | ) | (19,326 | ) | |||||||||
Reversal of Reserves for Possible Losses on Loans, etc. |
14 | 25,548 | (7,650 | ) | 33,198 | |||||||||||
Net Gains (Losses) related to Stocks |
15 | (227,596 | ) | (166,980 | ) | (60,616 | ) | |||||||||
Equity in Income from Investments in Affiliates |
16 | 5,519 | 5,436 | 82 | ||||||||||||
Other |
17 | 5,146 | 55,153 | (50,007 | ) | |||||||||||
|
|
|
|
|
|
|||||||||||
Ordinary Profits |
18 | 285,747 | 29,279 | 256,467 | ||||||||||||
|
|
|
|
|
|
|||||||||||
Net Extraordinary Gains (Losses) |
19 | (8,332 | ) | (95,499 | ) | 87,166 | ||||||||||
Gains on Negative Goodwill Incurred |
20 | | (91,180 | ) | 91,180 | |||||||||||
Income before Income Taxes and Minority Interests |
21 | 277,414 | (66,219 | ) | 343,634 | |||||||||||
Income Taxes - Current |
22 | (128,456 | ) | (107,412 | ) | (21,043 | ) | |||||||||
- Deferred |
23 | 77,383 | 103,374 | (25,991 | ) | |||||||||||
Net Income before Minority Interests |
24 | 226,341 | (70,258 | ) | 296,599 | |||||||||||
Minority Interests in Net Income |
25 | (42,064 | ) | (131 | ) | (41,933 | ) | |||||||||
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|
|
|
|
|||||||||||
Net Income |
26 | 184,276 | (70,389 | ) | 254,665 | |||||||||||
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|
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|
|
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Credit-related Costs (including Credit Costs for Trust Accounts) |
27 | 5,955 | (7,288 | ) | 13,244 | |||||||||||
* Credit-related Costs [27] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Possible Losses on Loans) [12] + Reversal of Reserves for Possible Losses on Loans, etc. [14] + Credit Costs for Trust Accounts [4] |
| |||||||||||||||
(Reference) |
||||||||||||||||
Consolidated Net Business Profits |
28 | 499,349 | 147,923 | 351,426 | ||||||||||||
* Consolidated Net Business Profits [28] = 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 |
29 | 148 | (5 | ) | 153 | |||||||||||
Number of affiliates under the equity method |
30 | 22 | (1 | ) | 23 |
1
Mizuho Financial Group, Inc.
Aggregated Figures of the 3 Banks
Non-Consolidated
(Millions of yen) | ||||||||||||||||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||||||||||||||||||||
MHBK | MHCB | MHTB | Aggregated Figures |
Change | ||||||||||||||||||||||||||
Gross Profits |
1 | 434,222 | 386,728 | 59,239 | 880,189 | 87,882 | 792,307 | |||||||||||||||||||||||
Domestic Gross Profits |
2 | 356,455 | 166,975 | 55,803 | 579,233 | 48,755 | 530,478 | |||||||||||||||||||||||
Net Interest Income |
3 | 247,647 | 95,998 | 19,590 | 363,236 | (16,648 | ) | 379,885 | ||||||||||||||||||||||
Fiduciary Income |
4 | 23,583 | 23,583 | (659 | ) | 24,242 | ||||||||||||||||||||||||
Trust Fees for Loan Trust and Jointly Operated Designated Money Trust |
5 | 1,463 | 1,463 | (106 | ) | 1,570 | ||||||||||||||||||||||||
Credit Costs for Trust Accounts* |
6 | | | | | |||||||||||||||||||||||||
Net Fee and Commission Income |
7 | 69,386 | 26,564 | 8,249 | 104,200 | 7,812 | 96,387 | |||||||||||||||||||||||
Net Trading Income |
8 | 2,189 | 11,295 | 1,922 | 15,407 | 4,752 | 10,654 | |||||||||||||||||||||||
Net Other Operating Income |
9 | 37,232 | 33,116 | 2,457 | 72,806 | 53,496 | 19,309 | |||||||||||||||||||||||
International Gross Profits |
10 | 77,766 | 219,753 | 3,436 | 300,955 | 39,127 | 261,828 | |||||||||||||||||||||||
Net Interest Income |
11 | 14,048 | 96,891 | 1,589 | 112,529 | 8,341 | 104,188 | |||||||||||||||||||||||
Net Fee and Commission Income |
12 | 5,942 | 37,952 | (176 | ) | 43,718 | 4,680 | 39,037 | ||||||||||||||||||||||
Net Trading Income |
13 | 21,287 | 9,938 | (1,256 | ) | 29,969 | 9,099 | 20,870 | ||||||||||||||||||||||
Net Other Operating Income |
14 | 36,487 | 74,970 | 3,280 | 114,738 | 17,006 | 97,732 | |||||||||||||||||||||||
General and Administrative Expenses (excluding Non-Recurring Losses) |
15 | (265,123 | ) | (114,493 | ) | (37,118 | ) | (416,735 | ) | 16,038 | (432,774 | ) | ||||||||||||||||||
Expense Ratio |
16 | 61.0 | % | 29.6 | % | 62.6 | % | 47.3 | % | (7.2 | %) | 54.6 | % | |||||||||||||||||
Personnel Expenses |
17 | (91,123 | ) | (46,801 | ) | (16,946 | ) | (154,872 | ) | 2,483 | (157,355 | ) | ||||||||||||||||||
Non-Personnel Expenses |
18 | (159,285 | ) | (62,138 | ) | (18,985 | ) | (240,409 | ) | 12,061 | (252,471 | ) | ||||||||||||||||||
Premium for Deposit Insurance |
19 | (19,747 | ) | (3,006 | ) | (948 | ) | (23,702 | ) | 4,403 | (28,105 | ) | ||||||||||||||||||
Miscellaneous Taxes |
20 | (14,714 | ) | (5,553 | ) | (1,186 | ) | (21,454 | ) | 1,493 | (22,947 | ) | ||||||||||||||||||
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|
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|
|
|||||||||||||||||||
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) |
21 | 169,098 | 272,234 | 22,120 | 463,453 | 103,921 | 359,532 | |||||||||||||||||||||||
Excluding Net Gains (Losses) related to Bonds |
22 | 99,818 | 170,284 | 16,299 | 286,402 | 8,621 | 277,780 | |||||||||||||||||||||||
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|
|
|
|||||||||||||||||||
Reversal of (Provision for) General Reserve for Possible Losses on Loans |
23 | | (3,100 | ) | | (3,100 | ) | 3,940 | (7,040 | ) | ||||||||||||||||||||
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|
|
|
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|
|
|
|
|||||||||||||||||||
Net Business Profits |
24 | 169,098 | 269,134 | 22,120 | 460,353 | 107,861 | 352,492 | |||||||||||||||||||||||
Net Gains (Losses) related to Bonds |
25 | 69,280 | 101,949 | 5,820 | 177,051 | 95,299 | 81,751 | |||||||||||||||||||||||
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|
|
|
|
|
|||||||||||||||||||
Net Non-Recurring Gains (Losses) |
26 | (108,915 | ) | (174,080 | ) | (19,264 | ) | (302,259 | ) | (169,188 | ) | (133,071 | ) | |||||||||||||||||
Net Gains (Losses) related to Stocks |
27 | (95,655 | ) | (162,411 | ) | (16,411 | ) | (274,477 | ) | (207,203 | ) | (67,274 | ) | |||||||||||||||||
Expenses related to Portfolio Problems |
28 | (11,351 | ) | (5,132 | ) | (258 | ) | (16,743 | ) | (8,824 | ) | (7,918 | ) | |||||||||||||||||
Reversal of Reserves for Possible Losses on Loans, etc. |
29 | 13,809 | 5,374 | 1,477 | 20,662 | (2,785 | ) | 23,447 | ||||||||||||||||||||||
Other |
30 | (15,718 | ) | (11,911 | ) | (4,071 | ) | (31,700 | ) | 49,625 | (81,325 | ) | ||||||||||||||||||
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|
|
|
|
|
|
|
|
|||||||||||||||||||
Ordinary Profits |
31 | 60,183 | 95,053 | 2,856 | 158,093 | (61,327 | ) | 219,420 | ||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Net Extraordinary Gains (Losses) |
32 | (1,907 | ) | (1,497 | ) | (427 | ) | (3,832 | ) | 26,306 | (30,139 | ) | ||||||||||||||||||
Net Gains (Losses) on Disposition of Fixed Assets |
33 | (1,387 | ) | 75 | (408 | ) | (1,719 | ) | (338 | ) | (1,381 | ) | ||||||||||||||||||
Losses on Impairment of Fixed Assets |
34 | (520 | ) | (1,572 | ) | (19 | ) | (2,112 | ) | (1,083 | ) | (1,029 | ) | |||||||||||||||||
Income before Income Taxes |
35 | 58,275 | 93,556 | 2,428 | 154,260 | (35,020 | ) | 189,281 | ||||||||||||||||||||||
Income Taxes - Current |
36 | (43,447 | ) | (71,217 | ) | (3,507 | ) | (118,172 | ) | (106,191 | ) | (11,980 | ) | |||||||||||||||||
- Deferred |
37 | 6,010 | 68,095 | 3,043 | 77,148 | 101,961 | (24,812 | ) | ||||||||||||||||||||||
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|
|
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|
|
|
|
|
|||||||||||||||||||
Net Income |
38 | 20,838 | 90,433 | 1,964 | 113,236 | (39,251 | ) | 152,488 | ||||||||||||||||||||||
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* Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) of MHTB excludes the amounts of Credit Costs for Trust Accounts [6]. | ||||||||||||||||||||||||||||||
Credit-related Costs |
39 | 2,457 | (2,858 | ) | 1,218 | 818 | (7,670 | ) | 8,488 | |||||||||||||||||||||
* Credit-related Costs [39] = Expenses related to Portfolio Problems [28] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [23] + Reversal of Reserves for Possible Losses on Loans, etc. [29] + Credit Costs for Trust Accounts [6] | ||||||||||||||||||||||||||||||
(Reference) Breakdown of Credit-related Costs |
|
|||||||||||||||||||||||||||||
Credit Costs for Trust Accounts |
40 | | | | | |||||||||||||||||||||||||
Reversal of (Provision for) General Reserve for Possible Losses on Loans |
41 | 18,900 | (3,100 | ) | 1,773 | 17,573 | 11,057 | 6,515 | ||||||||||||||||||||||
Losses on Write-offs of Loans |
42 | (5,633 | ) | 2,458 | (258 | ) | (3,433 | ) | (2,297 | ) | (1,136 | ) | ||||||||||||||||||
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans |
43 | (10,781 | ) | (2,350 | ) | (531 | ) | (13,663 | ) | (17,624 | ) | 3,961 | ||||||||||||||||||
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries |
44 | | (0 | ) | 0 | (0 | ) | (1 | ) | 1 | ||||||||||||||||||||
Reversal of (Provision for) Reserve for Contingencies |
45 | | 334 | 234 | 569 | 671 | (101 | ) | ||||||||||||||||||||||
Other (including Losses on Sales of Loans) |
46 | (27 | ) | (200 | ) | | (227 | ) | 523 | (751 | ) | |||||||||||||||||||
Total |
47 | 2,457 | (2,858 | ) | 1,218 | 818 | (7,670 | ) | 8,488 |
2
Mizuho Financial Group, Inc.
Mizuho Bank
Non-Consolidated
(Millions of yen) | ||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||||||
Change | ||||||||||||||||
Gross Profits |
1 | 434,222 | 52,003 | 382,218 | ||||||||||||
Domestic Gross Profits |
2 | 356,455 | 14,704 | 341,751 | ||||||||||||
Net Interest Income |
3 | 247,647 | (17,246 | ) | 264,893 | |||||||||||
Net Fee and Commission Income |
4 | 69,386 | 7,724 | 61,662 | ||||||||||||
Net Trading Income |
5 | 2,189 | (566 | ) | 2,755 | |||||||||||
Net Other Operating Income |
6 | 37,232 | 24,792 | 12,440 | ||||||||||||
International Gross Profits |
7 | 77,766 | 37,299 | 40,467 | ||||||||||||
Net Interest Income |
8 | 14,048 | 6,298 | 7,750 | ||||||||||||
Net Fee and Commission Income |
9 | 5,942 | 690 | 5,252 | ||||||||||||
Net Trading Income |
10 | 21,287 | (4,153 | ) | 25,440 | |||||||||||
Net Other Operating Income |
11 | 36,487 | 34,464 | 2,023 | ||||||||||||
General and Administrative Expenses (excluding Non-Recurring Losses) |
12 | (265,123 | ) | 11,140 | (276,263 | ) | ||||||||||
Expense Ratio |
13 | 61.0 | % | (11.2 | %) | 72.2 | % | |||||||||
Personnel Expenses |
14 | (91,123 | ) | 4,316 | (95,439 | ) | ||||||||||
Non-Personnel Expenses |
15 | (159,285 | ) | 5,606 | (164,892 | ) | ||||||||||
Premium for Deposit Insurance |
16 | (19,747 | ) | 3,443 | (23,191 | ) | ||||||||||
Miscellaneous Taxes |
17 | (14,714 | ) | 1,218 | (15,932 | ) | ||||||||||
|
|
|
|
|
|
|||||||||||
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) |
18 | 169,098 | 63,143 | 105,954 | ||||||||||||
Excluding Net Gains (Losses) related to Bonds |
19 | 99,818 | 10,837 | 88,980 | ||||||||||||
|
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|
|
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Reversal of (Provision for) General Reserve for Possible Losses on Loans |
20 | | | | ||||||||||||
|
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|
|
|
|
|||||||||||
Net Business Profits |
21 | 169,098 | 63,143 | 105,954 | ||||||||||||
Net Gains (Losses) related to Bonds |
22 | 69,280 | 52,305 | 16,974 | ||||||||||||
|
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|
|
|
|||||||||||
Net Non-Recurring Gains (Losses) |
23 | (108,915 | ) | (57,165 | ) | (51,749 | ) | |||||||||
Net Gains (Losses) related to Stocks |
24 | (95,655 | ) | (90,462 | ) | (5,192 | ) | |||||||||
Expenses related to Portfolio Problems |
25 | (11,351 | ) | 2,547 | (13,899 | ) | ||||||||||
Reversal of Reserves for Possible Losses on Loans, etc. |
26 | 13,809 | (7,583 | ) | 21,393 | |||||||||||
Other |
27 | (15,718 | ) | 38,332 | (54,050 | ) | ||||||||||
|
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|
|
|
|||||||||||
Ordinary Profits |
28 | 60,183 | 5,977 | 54,205 | ||||||||||||
|
|
|
|
|
|
|||||||||||
Net Extraordinary Gains (Losses) |
29 | (1,907 | ) | 27,579 | (29,487 | ) | ||||||||||
Net Gains (Losses) on Disposition of Fixed Assets |
30 | (1,387 | ) | (468 | ) | (918 | ) | |||||||||
Losses on Impairment of Fixed Assets |
31 | (520 | ) | 320 | (841 | ) | ||||||||||
Income before Income Taxes |
32 | 58,275 | 33,557 | 24,718 | ||||||||||||
Income Taxes - Current |
33 | (43,447 | ) | (43,228 | ) | (219 | ) | |||||||||
- Deferred |
34 | 6,010 | 12,904 | (6,894 | ) | |||||||||||
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|||||||||||
Net Income |
35 | 20,838 | 3,234 | 17,604 | ||||||||||||
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Credit-related Costs |
36 | 2,457 | (5,035 | ) | 7,493 | |||||||||||
* Credit-related Costs [36] = Expenses related to Portfolio Problems [25] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [20] + Reversal of Reserves for Possible Losses on Loans, etc. [26] |
| |||||||||||||||
(Reference) Breakdown of Credit-related Costs |
||||||||||||||||
Reversal of (Provision for) General Reserve for Possible Losses on Loans |
37 | 18,900 | 6,543 | 12,356 | ||||||||||||
Losses on Write-offs of Loans |
38 | (5,633 | ) | (3,576 | ) | (2,057 | ) | |||||||||
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans |
39 | (10,781 | ) | (8,695 | ) | (2,086 | ) | |||||||||
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries |
40 | | | | ||||||||||||
Reversal of (Provision for) Reserve for Contingencies |
41 | | | | ||||||||||||
Other (including Losses on Sales of Loans) |
42 | (27 | ) | 692 | (719 | ) | ||||||||||
Total |
43 | 2,457 | (5,035 | ) | 7,493 |
3
Mizuho Financial Group, Inc.
Mizuho Corporate Bank
Non-Consolidated
(Millions of yen) | ||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||||||
Change | ||||||||||||||||
Gross Profits |
1 | 386,728 | 38,994 | 347,734 | ||||||||||||
Domestic Gross Profits |
2 | 166,975 | 34,771 | 132,203 | ||||||||||||
Net Interest Income |
3 | 95,998 | 492 | 95,506 | ||||||||||||
Net Fee and Commission Income |
4 | 26,564 | 956 | 25,607 | ||||||||||||
Net Trading Income |
5 | 11,295 | 5,252 | 6,043 | ||||||||||||
Net Other Operating Income |
6 | 33,116 | 28,070 | 5,046 | ||||||||||||
International Gross Profits |
7 | 219,753 | 4,222 | 215,530 | ||||||||||||
Net Interest Income |
8 | 96,891 | 2,355 | 94,535 | ||||||||||||
Net Fee and Commission Income |
9 | 37,952 | 4,107 | 33,844 | ||||||||||||
Net Trading Income |
10 | 9,938 | 13,681 | (3,743 | ) | |||||||||||
Net Other Operating Income |
11 | 74,970 | (15,923 | ) | 90,893 | |||||||||||
General and Administrative Expenses (excluding Non-Recurring Losses) |
12 | (114,493 | ) | 2,340 | (116,834 | ) | ||||||||||
Expense Ratio |
13 | 29.6 | % | (3.9 | %) | 33.5 | % | |||||||||
Personnel Expenses |
14 | (46,801 | ) | (2,774 | ) | (44,026 | ) | |||||||||
Non-Personnel Expenses |
15 | (62,138 | ) | 4,861 | (66,999 | ) | ||||||||||
Premium for Deposit Insurance |
16 | (3,006 | ) | 699 | (3,705 | ) | ||||||||||
Miscellaneous Taxes |
17 | (5,553 | ) | 253 | (5,807 | ) | ||||||||||
|
|
|
|
|
|
|||||||||||
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) |
18 | 272,234 | 41,334 | 230,899 | ||||||||||||
Excluding Net Gains (Losses) related to Bonds |
19 | 170,284 | (2,333 | ) | 172,617 | |||||||||||
|
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|
|
|
|
|||||||||||
Reversal of (Provision for) General Reserve for Possible Losses on Loans |
20 | (3,100 | ) | 3,940 | (7,040 | ) | ||||||||||
|
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|
|
|
|
|||||||||||
Net Business Profits |
21 | 269,134 | 45,274 | 223,859 | ||||||||||||
Net Gains (Losses) related to Bonds |
22 | 101,949 | 43,668 | 58,281 | ||||||||||||
|
|
|
|
|
|
|||||||||||
Net Non-Recurring Gains (Losses) |
23 | (174,080 | ) | (101,190 | ) | (72,889 | ) | |||||||||
Net Gains (Losses) related to Stocks |
24 | (162,411 | ) | (102,970 | ) | (59,440 | ) | |||||||||
Expenses related to Portfolio Problems |
25 | (5,132 | ) | (11,283 | ) | 6,150 | ||||||||||
Reversal of Reserves for Possible Losses on Loans, etc. |
26 | 5,374 | 3,798 | 1,576 | ||||||||||||
Other |
27 | (11,911 | ) | 9,265 | (21,176 | ) | ||||||||||
|
|
|
|
|
|
|||||||||||
Ordinary Profits |
28 | 95,053 | (55,915 | ) | 150,969 | |||||||||||
|
|
|
|
|
|
|||||||||||
Net Extraordinary Gains (Losses) |
29 | (1,497 | ) | (874 | ) | (622 | ) | |||||||||
Net Gains (Losses) on Disposition of Fixed Assets |
30 | 75 | 512 | (437 | ) | |||||||||||
Losses on Impairment of Fixed Assets |
31 | (1,572 | ) | (1,387 | ) | (185 | ) | |||||||||
Income before Income Taxes |
32 | 93,556 | (56,790 | ) | 150,346 | |||||||||||
Income Taxes - Current |
33 | (71,217 | ) | (59,461 | ) | (11,756 | ) | |||||||||
- Deferred |
34 | 68,095 | 81,561 | (13,466 | ) | |||||||||||
|
|
|
|
|
|
|||||||||||
Net Income |
35 | 90,433 | (34,689 | ) | 125,123 | |||||||||||
|
|
|
|
|
|
|||||||||||
Credit-related Costs |
36 | (2,858 | ) | (3,544 | ) | 686 | ||||||||||
* Credit-related Costs [36] = Expenses related to Portfolio Problems [25] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [20] + Reversal of Reserves for Possible Losses on Loans, etc. [26] |
| |||||||||||||||
(Reference) Breakdown of Credit-related Costs |
||||||||||||||||
Reversal of (Provision for) General Reserve for Possible Losses on Loans |
37 | (3,100 | ) | 3,940 | (7,040 | ) | ||||||||||
Losses on Write-offs of Loans |
38 | 2,458 | 1,368 | 1,090 | ||||||||||||
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans |
39 | (2,350 | ) | (9,128 | ) | 6,778 | ||||||||||
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries |
40 | (0 | ) | (1 | ) | 1 | ||||||||||
Reversal of (Provision for) Reserve for Contingencies |
41 | 334 | 445 | (110 | ) | |||||||||||
Other (including Losses on Sales of Loans) |
42 | (200 | ) | (168 | ) | (32 | ) | |||||||||
Total |
43 | (2,858 | ) | (3,544 | ) | 686 |
4
Mizuho Financial Group, Inc.
Mizuho Trust & Banking
Non-Consolidated
(Millions of yen) | ||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||||||
Change | ||||||||||||||||
Gross Profits |
1 | 59,239 | (3,115 | ) | 62,354 | |||||||||||
Domestic Gross Profits |
2 | 55,803 | (720 | ) | 56,524 | |||||||||||
Net Interest Income |
3 | 19,590 | 105 | 19,485 | ||||||||||||
Fiduciary Income |
4 | 23,583 | (659 | ) | 24,242 | |||||||||||
Trust Fees for Loan Trust and Jointly Operated Designated Money Trust |
5 | 1,463 | (106 | ) | 1,570 | |||||||||||
Credit Costs for Trust Accounts * |
6 | | | | ||||||||||||
Net Fee and Commission Income |
7 | 8,249 | (867 | ) | 9,117 | |||||||||||
Net Trading Income |
8 | 1,922 | 66 | 1,856 | ||||||||||||
Net Other Operating Income |
9 | 2,457 | 634 | 1,822 | ||||||||||||
International Gross Profits |
10 | 3,436 | (2,394 | ) | 5,830 | |||||||||||
Net Interest Income |
11 | 1,589 | (313 | ) | 1,902 | |||||||||||
Net Fee and Commission Income |
12 | (176 | ) | (117 | ) | (59 | ) | |||||||||
Net Trading Income |
13 | (1,256 | ) | (429 | ) | (826 | ) | |||||||||
Net Other Operating Income |
14 | 3,280 | (1,534 | ) | 4,814 | |||||||||||
General and Administrative Expenses (excluding Non-Recurring Losses) |
15 | (37,118 | ) | 2,557 | (39,676 | ) | ||||||||||
Expense Ratio |
16 | 62.6 | % | (0.9 | %) | 63.6 | % | |||||||||
Personnel Expenses |
17 | (16,946 | ) | 942 | (17,889 | ) | ||||||||||
Non-Personnel Expenses |
18 | (18,985 | ) | 1,593 | (20,579 | ) | ||||||||||
Premium for Deposit Insurance |
19 | (948 | ) | 260 | (1,208 | ) | ||||||||||
Miscellaneous Taxes |
20 | (1,186 | ) | 21 | (1,207 | ) | ||||||||||
|
|
|
|
|
|
|||||||||||
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) |
21 | 22,120 | (557 | ) | 22,677 | |||||||||||
Excluding Net Gains (Losses) related to Bonds |
22 | 16,299 | 117 | 16,182 | ||||||||||||
|
|
|
|
|
|
|||||||||||
Reversal of (Provision for) General Reserve for Possible Losses on Loans |
23 | | | | ||||||||||||
|
|
|
|
|
|
|||||||||||
Net Business Profits |
24 | 22,120 | (557 | ) | 22,677 | |||||||||||
Net Gains (Losses) related to Bonds |
25 | 5,820 | (674 | ) | 6,495 | |||||||||||
|
|
|
|
|
|
|||||||||||
Net Non-Recurring Gains (Losses) |
26 | (19,264 | ) | (10,832 | ) | (8,432 | ) | |||||||||
Net Gains (Losses) related to Stocks |
27 | (16,411 | ) | (13,769 | ) | (2,641 | ) | |||||||||
Expenses related to Portfolio Problems |
28 | (258 | ) | (89 | ) | (169 | ) | |||||||||
Reversal of Reserves for Possible Losses on Loans, etc. |
29 | 1,477 | 999 | 477 | ||||||||||||
Other |
30 | (4,071 | ) | 2,027 | (6,098 | ) | ||||||||||
|
|
|
|
|
|
|||||||||||
Ordinary Profits |
31 | 2,856 | (11,389 | ) | 14,245 | |||||||||||
|
|
|
|
|
|
|||||||||||
Net Extraordinary Gains (Losses) |
32 | (427 | ) | (398 | ) | (28 | ) | |||||||||
Net Gains (Losses) on Disposition of Fixed Assets |
33 | (408 | ) | (382 | ) | (25 | ) | |||||||||
Losses on Impairment of Fixed Assets |
34 | (19 | ) | (16 | ) | (2 | ) | |||||||||
Income before Income Taxes |
35 | 2,428 | (11,788 | ) | 14,217 | |||||||||||
Income Taxes - Current |
36 | (3,507 | ) | (3,502 | ) | (4 | ) | |||||||||
- Deferred |
37 | 3,043 | 7,494 | (4,451 | ) | |||||||||||
|
|
|
|
|
|
|||||||||||
Net Income |
38 | 1,964 | (7,796 | ) | 9,760 | |||||||||||
|
|
|
|
|
|
|||||||||||
________ * Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) excludes the amounts of Credit Costs for Trust Accounts [6].
|
| |||||||||||||||
Credit-related Costs |
39 | 1,218 | 910 | 308 | ||||||||||||
________ * Credit-related Costs [39] = Expenses related to Portfolio Problems [28] + Reversal of (Provision for) General Reserve
for |
| |||||||||||||||
(Reference) Breakdown of Credit-related Costs |
||||||||||||||||
Credit Costs for Trust Accounts |
40 | | | | ||||||||||||
Reversal of (Provision for) General Reserve for Possible Losses on Loans |
41 | 1,773 | 573 | 1,200 | ||||||||||||
Losses on Write-offs of Loans |
42 | (258 | ) | (89 | ) | (169 | ) | |||||||||
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans |
43 | (531 | ) | 199 | (731 | ) | ||||||||||
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries |
44 | 0 | 0 | 0 | ||||||||||||
Reversal of (Provision for) Reserve for Contingencies |
45 | 234 | 226 | 8 | ||||||||||||
Other (including Losses on Sales of Loans) |
46 | | | | ||||||||||||
|
|
|
|
|
|
|||||||||||
Total |
47 | 1,218 | 910 | 308 | ||||||||||||
|
|
|
|
|
|
5
Mizuho Financial Group, Inc.
2. Interest Margins (Domestic Operations)
Non-Consolidated
(%) | ||||||||||||||||||||
First Half of Fiscal 2012 |
First Half of Fiscal 2011 |
|||||||||||||||||||
Aggregated Figures of MHBK and MHCB | Change | |||||||||||||||||||
Return on Interest-Earning Assets |
1 | 0.79 | (0.07 | ) | 0.87 | |||||||||||||||
Return on Loans and Bills Discounted |
2 | 1.19 | (0.06 | ) | 1.26 | |||||||||||||||
Return on Securities |
3 | 0.45 | (0.03 | ) | 0.49 | |||||||||||||||
Cost of Funding (including Expenses) |
4 | 0.74 | (0.06 | ) | 0.81 | |||||||||||||||
Cost of Deposits and Debentures (including Expenses) |
5 | 0.90 | (0.06 | ) | 0.97 | |||||||||||||||
Cost of Deposits and Debentures |
6 | 0.06 | (0.00 | ) | 0.07 | |||||||||||||||
Cost of Other External Liabilities |
7 | 0.24 | (0.01 | ) | 0.25 | |||||||||||||||
Net Interest Margin |
(1 | )-(4) | 8 | 0.04 | (0.00 | ) | 0.05 | |||||||||||||
Loan and Deposit Rate Margin (including Expenses) |
(2 | )-(5) | 9 | 0.29 | 0.00 | 0.29 | ||||||||||||||
Loan and Deposit Rate Margin |
(2 | )-(6) | 10 | 1.13 | (0.05 | ) | 1.18 | |||||||||||||
__________ * Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). * Deposits and Debentures include Negotiable Certificates of Deposit (NCDs). |
| |||||||||||||||||||
(Reference) After excluding loans to Deposit Insurance Corporation of Japan and Japanese government |
| |||||||||||||||||||
Return on Loans and Bills Discounted |
11 | 1.33 | (0.06 | ) | 1.39 | |||||||||||||||
Loan and Deposit Rate Margin (including Expenses) |
(11 | )-(5) | 12 | 0.42 | 0.00 | 0.42 | ||||||||||||||
Loan and Deposit Rate Margin |
(11 | )-(6) | 13 | 1.26 | (0.05 | ) | 1.32 | |||||||||||||
Mizuho Bank |
||||||||||||||||||||
Return on Interest-Earning Assets |
14 | 0.82 | (0.10 | ) | 0.93 | |||||||||||||||
Return on Loans and Bills Discounted |
15 | 1.34 | (0.07 | ) | 1.41 | |||||||||||||||
Return on Securities |
16 | 0.35 | (0.07 | ) | 0.43 | |||||||||||||||
Cost of Funding (including Expenses) |
17 | 0.83 | (0.08 | ) | 0.91 | |||||||||||||||
Cost of Deposits and Debentures (including Expenses) |
18 | 0.92 | (0.06 | ) | 0.99 | |||||||||||||||
Cost of Deposits and Debentures |
19 | 0.05 | (0.01 | ) | 0.06 | |||||||||||||||
Cost of Other External Liabilities |
20 | 0.17 | (0.02 | ) | 0.19 | |||||||||||||||
Net Interest Margin |
(14 | )-(17) | 21 | (0.00 | ) | (0.02 | ) | 0.01 | ||||||||||||
Loan and Deposit Rate Margin (including Expenses) |
(15 | )-(18) | 22 | 0.41 | (0.00 | ) | 0.42 | |||||||||||||
Loan and Deposit Rate Margin |
(15 | )-(19) | 23 | 1.28 | (0.05 | ) | 1.34 | |||||||||||||
(Reference) After excluding loans to Deposit Insurance Corporation of Japan and Japanese government |
| |||||||||||||||||||
Return on Loans and Bills Discounted |
24 | 1.54 | (0.06 | ) | 1.61 | |||||||||||||||
Loan and Deposit Rate Margin (including Expenses) |
(24 | )-(18) | 25 | 0.62 | 0.00 | 0.61 | ||||||||||||||
Loan and Deposit Rate Margin |
(24 | )-(19) | 26 | 1.49 | (0.05 | ) | 1.54 | |||||||||||||
Mizuho Corporate Bank |
||||||||||||||||||||
Return on Interest-Earning Assets |
27 | 0.74 | (0.02 | ) | 0.77 | |||||||||||||||
Return on Loans and Bills Discounted |
28 | 0.93 | (0.04 | ) | 0.98 | |||||||||||||||
Return on Securities |
29 | 0.61 | 0.03 | 0.57 | ||||||||||||||||
Cost of Funding (including Expenses) |
30 | 0.59 | (0.05 | ) | 0.64 | |||||||||||||||
Cost of Deposits and Debentures (including Expenses) |
31 | 0.84 | (0.05 | ) | 0.89 | |||||||||||||||
Cost of Deposits and Debentures |
32 | 0.10 | 0.00 | 0.09 | ||||||||||||||||
Cost of Other External Liabilities |
33 | 0.27 | (0.00 | ) | 0.28 | |||||||||||||||
Net Interest Margin |
(27 | )-(30) | 34 | 0.15 | 0.02 | 0.12 | ||||||||||||||
Loan and Deposit Rate Margin (including Expenses) |
(28 | )-(31) | 35 | 0.09 | 0.00 | 0.08 | ||||||||||||||
Loan and Deposit Rate Margin |
(28 | )-(32) | 36 | 0.82 | (0.05 | ) | 0.88 | |||||||||||||
(Reference) After excluding loans to Deposit Insurance Corporation of Japan and Japanese government |
| |||||||||||||||||||
Return on Loans and Bills Discounted |
37 | 0.97 | (0.05 | ) | 1.02 | |||||||||||||||
Loan and Deposit Rate Margin (including Expenses) |
(37 | )-(31) | 38 | 0.13 | 0.00 | 0.12 | ||||||||||||||
Loan and Deposit Rate Margin |
(37 | )-(32) | 39 | 0.87 | (0.05 | ) | 0.93 | |||||||||||||
Mizuho Trust & Banking (3 domestic accounts) |
||||||||||||||||||||
Return on Interest-Earning Assets |
40 | 0.91 | (0.06 | ) | 0.97 | |||||||||||||||
Return on Loans and Bills Discounted |
41 | 1.17 | (0.11 | ) | 1.28 | |||||||||||||||
Return on Securities |
42 | 0.75 | 0.07 | 0.67 | ||||||||||||||||
Cost of Funding |
43 | 0.18 | (0.07 | ) | 0.26 | |||||||||||||||
Cost of Deposits |
44 | 0.12 | (0.05 | ) | 0.18 | |||||||||||||||
Net Interest Margin |
(40 | )-(43) | 45 | 0.72 | 0.00 | 0.71 | ||||||||||||||
Loan and Deposit Rate Margin |
(41 | )-(44) | 46 | 1.05 | (0.05 | ) | 1.10 |
__________ |
* | 3 domestic accounts = banking accounts (domestic operations) + trust accounts with contracts indemnifying the principal amounts (loan trusts + jointly-managed money trusts). |
* | Deposits include NCDs. |
6
Mizuho Financial Group, Inc.
3. Use and Source of Funds
Non-Consolidated
Aggregated Figures of MHBK and MHCB
(Millions of yen, %) | ||||||||||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 | |||||||||||||||||||||||
Change | ||||||||||||||||||||||||
(Total) | Average Balance |
Rate | Average Balance | Rate | Average Balance | Rate | ||||||||||||||||||
Use of Funds |
129,450,788 | 0.96 | 7,882,012 | (0.08 | ) | 121,568,775 | 1.05 | |||||||||||||||||
Loans and Bills Discounted |
59,842,380 | 1.30 | 1,608,559 | (0.02 | ) | 58,233,820 | 1.33 | |||||||||||||||||
Securities |
49,010,439 | 0.65 | 4,619,955 | (0.07 | ) | 44,390,483 | 0.72 | |||||||||||||||||
Source of Funds |
128,717,208 | 0.27 | 7,238,647 | (0.02 | ) | 121,478,561 | 0.29 | |||||||||||||||||
Deposits |
75,379,485 | 0.10 | 606,680 | (0.01 | ) | 74,772,805 | 0.11 | |||||||||||||||||
NCDs |
12,238,094 | 0.23 | 1,778,989 | 0.01 | 10,459,104 | 0.21 | ||||||||||||||||||
Debentures |
| | (156,330 | ) | (0.43 | ) | 156,330 | 0.43 | ||||||||||||||||
Call Money |
13,990,403 | 0.26 | 737,768 | (0.01 | ) | 13,252,635 | 0.27 | |||||||||||||||||
Payables under Repurchase Agreements |
4,738,768 | 0.22 | 590,078 | (0.01 | ) | 4,148,690 | 0.23 | |||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
12,533,360 | 0.84 | 2,072,822 | (0.20 | ) | 10,460,538 | 1.05 | |||||||||||||||||
(Domestic Operations) |
||||||||||||||||||||||||
Use of Funds |
105,714,214 | 0.79 | 4,017,513 | (0.07 | ) | 101,696,701 | 0.87 | |||||||||||||||||
Loans and Bills Discounted |
48,423,234 | 1.19 | (259,460 | ) | (0.06 | ) | 48,682,694 | 1.26 | ||||||||||||||||
Securities |
39,294,677 | 0.45 | 1,922,570 | (0.03 | ) | 37,372,106 | 0.49 | |||||||||||||||||
Source of Funds |
104,989,256 | 0.15 | 3,503,315 | (0.01 | ) | 101,485,940 | 0.16 | |||||||||||||||||
Deposits |
65,119,908 | 0.05 | 684,777 | (0.00 | ) | 64,435,131 | 0.06 | |||||||||||||||||
NCDs |
9,416,321 | 0.10 | 577,682 | (0.00 | ) | 8,838,638 | 0.10 | |||||||||||||||||
Debentures |
| | (156,330 | ) | (0.43 | ) | 156,330 | 0.43 | ||||||||||||||||
Call Money |
13,271,338 | 0.25 | 339,375 | (0.00 | ) | 12,931,962 | 0.25 | |||||||||||||||||
Payables under Repurchase Agreements |
445,432 | 0.12 | (121,066 | ) | 0.00 | 566,499 | 0.12 | |||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
9,834,027 | 0.23 | 1,966,285 | (0.03 | ) | 7,867,741 | 0.26 | |||||||||||||||||
(International Operations) |
||||||||||||||||||||||||
Use of Funds |
27,546,211 | 1.51 | 4,632,248 | (0.20 | ) | 22,913,963 | 1.72 | |||||||||||||||||
Loans and Bills Discounted |
11,419,145 | 1.77 | 1,868,019 | 0.06 | 9,551,125 | 1.71 | ||||||||||||||||||
Securities |
9,715,762 | 1.42 | 2,697,385 | (0.47 | ) | 7,018,377 | 1.90 | |||||||||||||||||
Source of Funds |
27,537,590 | 0.71 | 4,503,081 | (0.11 | ) | 23,034,509 | 0.82 | |||||||||||||||||
Deposits |
10,259,577 | 0.39 | (78,096 | ) | (0.02 | ) | 10,337,673 | 0.42 | ||||||||||||||||
NCDs |
2,821,772 | 0.66 | 1,201,306 | (0.14 | ) | 1,620,466 | 0.80 | |||||||||||||||||
Debentures |
| | | | | | ||||||||||||||||||
Call Money |
719,064 | 0.38 | 398,392 | (0.44 | ) | 320,672 | 0.83 | |||||||||||||||||
Payables under Repurchase Agreements |
4,293,336 | 0.23 | 711,144 | (0.02 | ) | 3,582,191 | 0.25 | |||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
2,699,333 | 3.06 | 106,536 | (0.35 | ) | 2,592,796 | 3.42 |
7
Mizuho Financial Group, Inc.
Mizuho Bank
(Millions of yen, %) | ||||||||||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 | |||||||||||||||||||||||
Change | ||||||||||||||||||||||||
(Total) | Average Balance | Rate | Average Balance | Rate | Average Balance | Rate | ||||||||||||||||||
Use of Funds |
70,405,898 | 0.86 | 4,689,816 | (0.10 | ) | 65,716,082 | 0.96 | |||||||||||||||||
Loans and Bills Discounted |
31,938,724 | 1.32 | (409,555 | ) | (0.06 | ) | 32,348,280 | 1.38 | ||||||||||||||||
Securities |
25,933,995 | 0.45 | 4,172,766 | (0.06 | ) | 21,761,229 | 0.52 | |||||||||||||||||
Source of Funds |
71,374,908 | 0.12 | 4,774,490 | (0.01 | ) | 66,600,417 | 0.13 | |||||||||||||||||
Deposits |
57,437,075 | 0.05 | 1,457,786 | (0.01 | ) | 55,979,288 | 0.06 | |||||||||||||||||
NCDs |
1,666,598 | 0.06 | 129,072 | (0.01 | ) | 1,537,526 | 0.08 | |||||||||||||||||
Debentures |
| | (156,330 | ) | (0.43 | ) | 156,330 | 0.43 | ||||||||||||||||
Call Money |
1,374,044 | 0.08 | 85,921 | 0.00 | 1,288,123 | 0.08 | ||||||||||||||||||
Payables under Repurchase Agreements |
13 | 0.09 | (646 | ) | 0.00 | 659 | 0.09 | |||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
7,160,469 | 0.40 | 1,877,174 | (0.16 | ) | 5,283,295 | 0.57 | |||||||||||||||||
(Domestic Operations) |
||||||||||||||||||||||||
Use of Funds |
66,680,727 | 0.82 | 3,683,632 | (0.10 | ) | 62,997,094 | 0.93 | |||||||||||||||||
Loans and Bills Discounted |
31,106,908 | 1.32 | (452,203 | ) | (0.06 | ) | 31,559,111 | 1.39 | ||||||||||||||||
Securities |
23,188,048 | 0.35 | 2,867,104 | (0.07 | ) | 20,320,943 | 0.43 | |||||||||||||||||
Source of Funds |
67,612,456 | 0.08 | 3,677,189 | (0.01 | ) | 63,935,266 | 0.09 | |||||||||||||||||
Deposits |
56,390,150 | 0.05 | 1,497,450 | (0.01 | ) | 54,892,699 | 0.06 | |||||||||||||||||
NCDs |
1,666,590 | 0.06 | 130,296 | (0.01 | ) | 1,536,294 | 0.08 | |||||||||||||||||
Debentures |
| | (156,330 | ) | (0.43 | ) | 156,330 | 0.43 | ||||||||||||||||
Call Money |
1,374,044 | 0.08 | 86,384 | 0.00 | 1,287,659 | 0.08 | ||||||||||||||||||
Payables under Repurchase Agreements |
13 | 0.09 | (646 | ) | 0.00 | 659 | 0.09 | |||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
6,707,805 | 0.18 | 1,951,629 | (0.03 | ) | 4,756,175 | 0.22 | |||||||||||||||||
(International Operations) |
||||||||||||||||||||||||
Use of Funds |
4,470,325 | 1.26 | 1,305,793 | (0.13 | ) | 3,164,531 | 1.39 | |||||||||||||||||
Loans and Bills Discounted |
831,816 | 1.13 | 42,647 | 0.03 | 789,168 | 1.10 | ||||||||||||||||||
Securities |
2,745,947 | 1.34 | 1,305,661 | (0.46 | ) | 1,440,286 | 1.81 | |||||||||||||||||
Source of Funds |
4,507,605 | 0.63 | 1,396,910 | (0.29 | ) | 3,110,695 | 0.92 | |||||||||||||||||
Deposits |
1,046,924 | 0.23 | (39,664 | ) | (0.04 | ) | 1,086,589 | 0.28 | ||||||||||||||||
NCDs |
8 | 0.36 | (1,224 | ) | 0.08 | 1,232 | 0.27 | |||||||||||||||||
Debentures |
| | | | | | ||||||||||||||||||
Call Money |
| | (463 | ) | (0.17 | ) | 463 | 0.17 | ||||||||||||||||
Payables under Repurchase Agreements |
| | | | | | ||||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
452,664 | 3.63 | (74,455 | ) | (0.02 | ) | 527,119 | 3.65 |
8
Mizuho Financial Group, Inc.
Mizuho Corporate Bank
(Millions of yen, %) | ||||||||||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 | |||||||||||||||||||||||
Change | ||||||||||||||||||||||||
(Total) | Average Balance | Rate | Average Balance | Rate | Average Balance | Rate | ||||||||||||||||||
Use of Funds |
59,044,889 | 1.09 | 3,192,195 | (0.05 | ) | 55,852,693 | 1.15 | |||||||||||||||||
Loans and Bills Discounted |
27,903,655 | 1.29 | 2,018,115 | 0.01 | 25,885,540 | 1.27 | ||||||||||||||||||
Securities |
23,076,444 | 0.86 | 447,189 | (0.04 | ) | 22,629,254 | 0.91 | |||||||||||||||||
Source of Funds |
57,342,300 | 0.45 | 2,464,157 | (0.02 | ) | 54,878,143 | 0.48 | |||||||||||||||||
Deposits |
17,942,410 | 0.25 | (851,106 | ) | 0.00 | 18,793,516 | 0.25 | |||||||||||||||||
NCDs |
10,571,495 | 0.26 | 1,649,917 | 0.02 | 8,921,578 | 0.24 | ||||||||||||||||||
Debentures |
| | | | | | ||||||||||||||||||
Call Money |
12,616,358 | 0.28 | 651,847 | (0.01 | ) | 11,964,511 | 0.29 | |||||||||||||||||
Payables under Repurchase Agreements |
4,738,755 | 0.22 | 590,724 | (0.01 | ) | 4,148,031 | 0.23 | |||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
5,372,890 | 1.42 | 195,647 | (0.11 | ) | 5,177,243 | 1.54 | |||||||||||||||||
(Domestic Operations) |
||||||||||||||||||||||||
Use of Funds |
39,033,487 | 0.74 | 333,880 | (0.02 | ) | 38,699,606 | 0.77 | |||||||||||||||||
Loans and Bills Discounted |
17,316,326 | 0.96 | 192,742 | (0.05 | ) | 17,123,583 | 1.02 | |||||||||||||||||
Securities |
16,106,628 | 0.61 | (944,534 | ) | 0.03 | 17,051,163 | 0.57 | |||||||||||||||||
Source of Funds |
37,376,800 | 0.26 | (173,874 | ) | (0.01 | ) | 37,550,674 | 0.28 | ||||||||||||||||
Deposits |
8,729,758 | 0.09 | (812,673 | ) | 0.00 | 9,542,432 | 0.08 | |||||||||||||||||
NCDs |
7,749,730 | 0.11 | 447,386 | 0.00 | 7,302,344 | 0.11 | ||||||||||||||||||
Debentures |
| | | | | | ||||||||||||||||||
Call Money |
11,897,293 | 0.27 | 252,991 | (0.00 | ) | 11,644,302 | 0.27 | |||||||||||||||||
Payables under Repurchase Agreements |
445,419 | 0.12 | (120,420 | ) | 0.00 | 565,840 | 0.12 | |||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
3,126,222 | 0.31 | 14,655 | (0.01 | ) | 3,111,566 | 0.32 | |||||||||||||||||
(International Operations) |
||||||||||||||||||||||||
Use of Funds |
23,075,885 | 1.56 | 3,326,454 | (0.21 | ) | 19,749,431 | 1.77 | |||||||||||||||||
Loans and Bills Discounted |
10,587,329 | 1.82 | 1,825,372 | 0.05 | 8,761,957 | 1.77 | ||||||||||||||||||
Securities |
6,969,815 | 1.45 | 1,391,724 | (0.47 | ) | 5,578,090 | 1.92 | |||||||||||||||||
Source of Funds |
23,029,984 | 0.72 | 3,106,170 | (0.08 | ) | 19,923,813 | 0.81 | |||||||||||||||||
Deposits |
9,212,652 | 0.41 | (38,432 | ) | (0.01 | ) | 9,251,084 | 0.43 | ||||||||||||||||
NCDs |
2,821,764 | 0.66 | 1,202,530 | (0.14 | ) | 1,619,233 | 0.80 | |||||||||||||||||
Debentures |
| | | | | | ||||||||||||||||||
Call Money |
719,064 | 0.38 | 398,855 | (0.44 | ) | 320,209 | 0.83 | |||||||||||||||||
Payables under Repurchase Agreements |
4,293,336 | 0.23 | 711,144 | (0.02 | ) | 3,582,191 | 0.25 | |||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
2,246,668 | 2.95 | 180,991 | (0.41 | ) | 2,065,677 | 3.36 |
9
Mizuho Financial Group, Inc.
Mizuho Trust & Banking (Banking Account)
(Millions of yen, %) | ||||||||||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 | |||||||||||||||||||||||
Change | ||||||||||||||||||||||||
(Total) | Average Balance | Rate | Average Balance | Rate | Average Balance | Rate | ||||||||||||||||||
Use of Funds |
6,095,201 | 0.91 | 147,681 | (0.09 | ) | 5,947,519 | 1.01 | |||||||||||||||||
Loans and Bills Discounted |
3,349,925 | 1.16 | 38,238 | (0.11 | ) | 3,311,687 | 1.28 | |||||||||||||||||
Securities |
2,039,123 | 0.73 | (15,327 | ) | (0.02 | ) | 2,054,451 | 0.75 | ||||||||||||||||
Source of Funds |
5,921,159 | 0.23 | 81,025 | (0.07 | ) | 5,840,134 | 0.30 | |||||||||||||||||
Deposits |
2,098,967 | 0.15 | (99,714 | ) | (0.07 | ) | 2,198,682 | 0.22 | ||||||||||||||||
NCDs |
968,090 | 0.12 | 80,540 | (0.01 | ) | 887,550 | 0.13 | |||||||||||||||||
Debentures |
| | | | | | ||||||||||||||||||
Call Money |
744,358 | 0.11 | 85,382 | (0.00 | ) | 658,975 | 0.12 | |||||||||||||||||
Payables under Repurchase Agreements |
| | | | | | ||||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
662,443 | 0.15 | (123,351 | ) | 0.00 | 785,794 | 0.15 | |||||||||||||||||
(Domestic Operations) |
||||||||||||||||||||||||
Use of Funds |
5,596,187 | 0.92 | (39,314 | ) | (0.06 | ) | 5,635,502 | 0.98 | ||||||||||||||||
Loans and Bills Discounted |
3,271,677 | 1.17 | 11,764 | (0.10 | ) | 3,259,912 | 1.28 | |||||||||||||||||
Securities |
1,493,432 | 0.75 | (150,816 | ) | 0.07 | 1,644,248 | 0.67 | |||||||||||||||||
Source of Funds |
5,418,649 | 0.22 | (107,386 | ) | (0.07 | ) | 5,526,036 | 0.30 | ||||||||||||||||
Deposits |
2,062,872 | 0.14 | (119,335 | ) | (0.07 | ) | 2,182,207 | 0.22 | ||||||||||||||||
NCDs |
968,090 | 0.12 | 80,540 | (0.01 | ) | 887,550 | 0.13 | |||||||||||||||||
Debentures |
| | | | | | ||||||||||||||||||
Call Money |
729,508 | 0.11 | 81,748 | (0.00 | ) | 647,760 | 0.11 | |||||||||||||||||
Payables under Repurchase Agreements |
| | | | | | ||||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
662,407 | 0.15 | (123,387 | ) | 0.00 | 785,794 | 0.15 | |||||||||||||||||
(International Operations) |
||||||||||||||||||||||||
Use of Funds |
1,219,810 | 0.45 | 313,877 | (0.19 | ) | 905,933 | 0.65 | |||||||||||||||||
Loans and Bills Discounted |
78,248 | 0.83 | 26,474 | (0.36 | ) | 51,774 | 1.19 | |||||||||||||||||
Securities |
545,691 | 0.70 | 135,488 | (0.38 | ) | 410,203 | 1.08 | |||||||||||||||||
Source of Funds |
1,223,307 | 0.19 | 315,293 | (0.03 | ) | 908,014 | 0.23 | |||||||||||||||||
Deposits |
36,095 | 0.32 | 19,620 | 0.02 | 16,474 | 0.29 | ||||||||||||||||||
NCDs |
| | | | | | ||||||||||||||||||
Debentures |
| | | | | | ||||||||||||||||||
Call Money |
14,849 | 0.52 | 3,633 | (0.12 | ) | 11,215 | 0.64 | |||||||||||||||||
Payables under Repurchase Agreements |
| | | | | | ||||||||||||||||||
Bills Sold |
| | | | | | ||||||||||||||||||
Commercial Paper |
| | | | | | ||||||||||||||||||
Borrowed Money |
35 | 0.77 | 35 | 0.77 | | |
10
Mizuho Financial Group, Inc.
4. Net Gains/Losses on Securities
Non-Consolidated
Aggregated Figures of the 3 Banks
(Millions of yen) | ||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||
Change | ||||||||||||
Net Gains (Losses) related to Bonds |
177,051 | 95,299 | 81,751 | |||||||||
Gains on Sales and Others |
201,612 | 78,129 | 123,482 | |||||||||
Losses on Sales and Others |
(14,673 | ) | 8,511 | (23,185 | ) | |||||||
Impairment (Devaluation) |
(7,229 | ) | 7,765 | (14,994 | ) | |||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments |
| | | |||||||||
Gains (Losses) on Derivatives other than for Trading |
(2,658 | ) | 892 | (3,551 | ) | |||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||
Change | ||||||||||||
Net Gains (Losses) related to Stocks |
(274,477 | ) | (207,203 | ) | (67,274 | ) | ||||||
Gains on Sales |
13,530 | (2,528 | ) | 16,058 | ||||||||
Losses on Sales |
(5,465 | ) | 14,842 | (20,308 | ) | |||||||
Impairment (Devaluation) |
(281,696 | ) | (220,130 | ) | (61,565 | ) | ||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments |
(26 | ) | 60 | (87 | ) | |||||||
Gains (Losses) on Derivatives other than for Trading |
(819 | ) | 552 | (1,371 | ) | |||||||
Mizuho Bank | ||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||
Change | ||||||||||||
Net Gains (Losses) related to Bonds |
69,280 | 52,305 | 16,974 | |||||||||
Gains on Sales and Others |
77,071 | 49,483 | 27,587 | |||||||||
Losses on Sales and Others |
(4,106 | ) | 3,994 | (8,100 | ) | |||||||
Impairment (Devaluation) |
(2,948 | ) | (1,296 | ) | (1,652 | ) | ||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments |
| | | |||||||||
Gains (Losses) on Derivatives other than for Trading |
(735 | ) | 124 | (860 | ) | |||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||
Change | ||||||||||||
Net Gains (Losses) related to Stocks |
(95,655 | ) | (90,462 | ) | (5,192 | ) | ||||||
Gains on Sales |
1,511 | (3,999 | ) | 5,510 | ||||||||
Losses on Sales |
(461 | ) | 52 | (513 | ) | |||||||
Impairment (Devaluation) |
(97,016 | ) | (86,806 | ) | (10,210 | ) | ||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments |
(10 | ) | (12 | ) | 1 | |||||||
Gains (Losses) on Derivatives other than for Trading |
322 | 302 | 19 |
11
Mizuho Financial Group, Inc.
Mizuho Corporate Bank
(Millions of yen) | ||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||
Change | ||||||||||||
Net Gains (Losses) related to Bonds |
101,949 | 43,668 | 58,281 | |||||||||
Gains on Sales and Others |
118,952 | 29,571 | 89,381 | |||||||||
Losses on Sales and Others |
(10,292 | ) | 4,330 | (14,622 | ) | |||||||
Impairment (Devaluation) |
(4,280 | ) | 9,059 | (13,340 | ) | |||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments |
| | | |||||||||
Gains (Losses) on Derivatives other than for Trading |
(2,429 | ) | 706 | (3,136 | ) | |||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||
Change | ||||||||||||
Net Gains (Losses) related to Stocks |
(162,411 | ) | (102,970 | ) | (59,440 | ) | ||||||
Gains on Sales |
11,001 | 2,039 | 8,962 | |||||||||
Losses on Sales |
(3,980 | ) | 13,081 | (17,061 | ) | |||||||
Impairment (Devaluation) |
(168,319 | ) | (118,386 | ) | (49,933 | ) | ||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments |
(6 | ) | 82 | (89 | ) | |||||||
Gains (Losses) on Derivatives other than for Trading |
(1,106 | ) | 212 | (1,318 | ) | |||||||
Mizuho Trust & Banking | ||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||
Change | ||||||||||||
Net Gains (Losses) related to Bonds |
5,820 | (674 | ) | 6,495 | ||||||||
Gains on Sales and Others |
5,588 | (925 | ) | 6,513 | ||||||||
Losses on Sales and Others |
(274 | ) | 186 | (461 | ) | |||||||
Impairment (Devaluation) |
| 1 | (1 | ) | ||||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments |
| | | |||||||||
Gains (Losses) on Derivatives other than for Trading |
507 | 61 | 445 | |||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 |
|||||||||||
Change | ||||||||||||
Net Gains (Losses) related to Stocks |
(16,411 | ) | (13,769 | ) | (2,641 | ) | ||||||
Gains on Sales |
1,017 | (568 | ) | 1,586 | ||||||||
Losses on Sales |
(1,024 | ) | 1,708 | (2,733 | ) | |||||||
Impairment (Devaluation) |
(16,359 | ) | (14,937 | ) | (1,422 | ) | ||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments |
(9 | ) | (9 | ) | 0 | |||||||
Gains (Losses) on Derivatives other than for Trading |
(34 | ) | 37 | (72 | ) |
12
Mizuho Financial Group, Inc.
5. Unrealized Gains/Losses on Securities
| Securities for which it is deemed to be extremely difficult to determine the fair value are excluded. |
Consolidated
(1) Other Securities
(Millions of yen) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 | As of September 30, 2011 | ||||||||||||||||||||||||||||||||||||||
Book
Value (=Fair Value) |
Unrealized Gains/Losses | Unrealized Gains/Losses | Unrealized Gains/Losses | |||||||||||||||||||||||||||||||||||||
Gains | Losses | Gains | Losses | Gains | Losses | |||||||||||||||||||||||||||||||||||
Other Securities |
46,247,021 | 788 | 546,693 | 545,905 | 83,866 | 649,922 | 566,056 | (157,709 | ) | 535,704 | 693,414 | |||||||||||||||||||||||||||||
Japanese Stocks |
2,083,171 | 11,908 | 319,508 | 307,600 | 156,584 | 453,564 | 296,979 | (45,717 | ) | 318,177 | 363,895 | |||||||||||||||||||||||||||||
Japanese Bonds |
32,621,405 | 71,347 | 99,245 | 27,898 | 56,426 | 91,943 | 35,516 | 48,062 | 95,670 | 47,607 | ||||||||||||||||||||||||||||||
Japanese Government Bonds |
28,977,981 | 54,683 | 57,140 | 2,457 | 51,814 | 55,236 | 3,422 | 40,097 | 47,780 | 7,683 | ||||||||||||||||||||||||||||||
Other |
11,542,444 | (82,466 | ) | 127,940 | 210,407 | (129,144 | ) | 104,415 | 233,560 | (160,054 | ) | 121,856 | 281,911 | |||||||||||||||||||||||||||
Foreign Bonds |
9,768,226 | 52,158 | 93,339 | 41,181 | (25,189 | ) | 49,148 | 74,338 | 13,976 | 77,415 | 63,438 |
* | 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. |
* | 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. |
* | The book values of Other Securities which have readily determinable fair value are stated at fair value, so Unrealized Gains/Losses indicate the difference between book values on the consolidated balance sheets and the acquisition costs. |
* | Unrealized Gains/Losses include ¥(3,079) million, ¥(7,343) million and ¥(12,484) million, which were recognized in the statement of income for September 30, 2012, March 31, 2012 and September 30, 2011, respectively, by applying the fair-value hedge method and others. |
As a result, the base amounts to be recorded directly to Net Assets after tax and consolidation adjustments as of September 30, 2012, March 31, 2012 and September 30, 2011 are ¥3,868 million, ¥91,209 million and ¥(145,225) million, respectively. |
* | Unrealized Gains (Losses) on Other Securities, net of Taxes (recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the statement of income by applying the fair-value hedge method and others, including translation differences regarding securities, the fair values of which are extremely difficult to determine) as of September 30, 2012, March 31, 2012 and September 30, 2011 are ¥(33,425) million, ¥37,857 million and ¥(152,381) million, respectively. |
(2) Bonds Held to Maturity
(Millions of yen) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 | As of September 30, 2011 | ||||||||||||||||||||||||||||||||||||||
Book Value | Unrealized Gains/Losses | Unrealized Gains/Losses | Unrealized Gains/Losses | |||||||||||||||||||||||||||||||||||||
Gains | Losses | Gains | Losses | Gains | Losses | |||||||||||||||||||||||||||||||||||
Bonds Held to Maturity |
2,400,257 | 18,741 | 18,741 | | 14,525 | 14,586 | 61 | 11,913 | 12,027 | 113 | ||||||||||||||||||||||||||||||
Non-Consolidated
(1) Other Securities
Aggregated Figures of the 3 Banks
|
| |||||||||||||||||||||||||||||||||||||||
(Millions of yen) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 | As of September 30, 2011 | ||||||||||||||||||||||||||||||||||||||
Book
Value (=Fair Value) |
Unrealized Gains/Losses | Unrealized Gains/Losses | Unrealized Gains/Losses | |||||||||||||||||||||||||||||||||||||
Gains | Losses | Gains | Losses | Gains | Losses | |||||||||||||||||||||||||||||||||||
Other Securities |
45,707,899 | 27,410 | 541,229 | 513,818 | 67,052 | 629,828 | 562,775 | (159,379 | ) | 528,333 | 687,713 | |||||||||||||||||||||||||||||
Japanese Stocks |
2,064,939 | 26,754 | 314,018 | 287,264 | 133,667 | 443,707 | 310,040 | (70,605 | ) | 311,602 | 382,207 | |||||||||||||||||||||||||||||
Japanese Bonds |
32,347,515 | 71,176 | 99,028 | 27,852 | 56,079 | 91,545 | 35,466 | 47,408 | 94,995 | 47,587 | ||||||||||||||||||||||||||||||
Japanese Government Bonds |
28,810,646 | 54,472 | 56,927 | 2,454 | 51,421 | 54,839 | 3,417 | 39,539 | 47,216 | 7,676 | ||||||||||||||||||||||||||||||
Other |
11,295,444 | (70,520 | ) | 128,181 | 198,702 | (122,693 | ) | 94,575 | 217,269 | (136,182 | ) | 121,735 | 257,918 | |||||||||||||||||||||||||||
Foreign Bonds |
9,678,855 | 65,260 | 95,878 | 30,618 | (8,246 | ) | 50,916 | 59,163 | 30,923 | 78,890 | 47,967 | |||||||||||||||||||||||||||||
Mizuho Bank |
||||||||||||||||||||||||||||||||||||||||
Other Securities |
22,755,776 | 62,374 | 186,606 | 124,231 | 464 | 174,175 | 173,711 | (54,812 | ) | 166,636 | 221,449 | |||||||||||||||||||||||||||||
Japanese Stocks |
605,685 | 21,310 | 92,815 | 71,504 | (3,819 | ) | 100,941 | 104,760 | (63,068 | ) | 72,494 | 135,562 | ||||||||||||||||||||||||||||
Japanese Bonds |
18,325,589 | 36,098 | 55,132 | 19,033 | 23,425 | 48,314 | 24,889 | 20,011 | 53,121 | 33,110 | ||||||||||||||||||||||||||||||
Japanese Government Bonds |
15,816,368 | 30,499 | 31,309 | 810 | 31,336 | 32,444 | 1,107 | 30,824 | 32,249 | 1,424 | ||||||||||||||||||||||||||||||
Other |
3,824,501 | 4,966 | 38,659 | 33,692 | (19,141 | ) | 24,919 | 44,061 | (11,756 | ) | 41,020 | 52,776 | ||||||||||||||||||||||||||||
Foreign Bonds |
3,108,622 | 22,824 | 29,569 | 6,744 | (2,963 | ) | 9,402 | 12,366 | 8,137 | 21,610 | 13,472 | |||||||||||||||||||||||||||||
Mizuho Corporate Bank |
||||||||||||||||||||||||||||||||||||||||
Other Securities |
21,226,929 | (52,136 | ) | 314,232 | 366,368 | 34,742 | 399,624 | 364,882 | (119,402 | ) | 314,371 | 433,773 | ||||||||||||||||||||||||||||
Japanese Stocks |
1,318,691 | (8,740 | ) | 191,868 | 200,608 | 106,780 | 296,260 | 189,480 | (23,228 | ) | 203,833 | 227,062 | ||||||||||||||||||||||||||||
Japanese Bonds |
12,942,783 | 30,079 | 38,284 | 8,205 | 26,434 | 36,771 | 10,337 | 20,684 | 35,007 | 14,323 | ||||||||||||||||||||||||||||||
Japanese Government Bonds |
11,966,165 | 19,954 | 21,024 | 1,069 | 14,464 | 16,623 | 2,158 | 2,822 | 8,996 | 6,174 | ||||||||||||||||||||||||||||||
Other |
6,965,454 | (73,474 | ) | 84,079 | 157,554 | (98,472 | ) | 66,592 | 165,064 | (116,858 | ) | 75,529 | 192,387 | |||||||||||||||||||||||||||
Foreign Bonds |
6,206,131 | 38,756 | 62,590 | 23,833 | (5,191 | ) | 40,143 | 45,335 | 19,636 | 53,595 | 33,959 | |||||||||||||||||||||||||||||
Mizuho Trust & Banking |
||||||||||||||||||||||||||||||||||||||||
Other Securities |
1,725,193 | 17,172 | 40,390 | 23,218 | 31,845 | 56,027 | 24,181 | 14,835 | 47,325 | 32,490 | ||||||||||||||||||||||||||||||
Japanese Stocks |
140,562 | 14,184 | 29,335 | 15,150 | 30,706 | 46,505 | 15,799 | 15,691 | 35,274 | 19,583 | ||||||||||||||||||||||||||||||
Japanese Bonds |
1,079,143 | 4,998 | 5,611 | 612 | 6,219 | 6,458 | 239 | 6,712 | 6,866 | 153 | ||||||||||||||||||||||||||||||
Japanese Government Bonds |
1,028,112 | 4,018 | 4,592 | 574 | 5,620 | 5,771 | 151 | 5,892 | 5,971 | 78 | ||||||||||||||||||||||||||||||
Other |
505,488 | (2,011 | ) | 5,443 | 7,455 | (5,079 | ) | 3,063 | 8,143 | (7,568 | ) | 5,184 | 12,753 | |||||||||||||||||||||||||||
Foreign Bonds |
364,101 | 3,679 | 3,718 | 39 | (91 | ) | 1,370 | 1,461 | 3,150 | 3,684 | 534 |
* | In addition to Securities indicated on the balance sheets, NCDs in Cash and Due from Banks and certain items in Other Debt Purchased are also included. |
* | Fair value of Japanese stocks with a quoted market price is determined based on the average quoted market price over the month preceding the 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 balance sheet date. |
* | The book values of Other Securities which have readily determinable fair value are stated at fair value, so Unrealized Gains/Losses indicate the difference between book values on the balance sheets and the acquisition costs. |
* | Unrealized Gains/Losses include ¥2,528 million, ¥5,342 million and ¥3,961 million, which were recognized in the statement of income for September 30, 2012, March 31, 2012 and September 30, 2011, respectively, by applying the fair-value hedge method and others. |
As a result, the base amounts to be recorded directly to Net Assets after tax adjustment as of September 30, 2012, March 31, 2012 and September 30, 2011 are ¥24,881 million, ¥61,710 million and ¥(163,341) million, respectively. |
* | Unrealized Gains (Losses) on Other Securities, net of Taxes (recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the statement of income by applying the fair-value hedge method and others, including translation differences regarding securities, the fair values of which are extremely difficult to determine) as of September 30, 2012, March 31, 2012 and September 30, 2011 are as follows: |
(Millions of yen) | ||||||||||||
As of September 30, 2012 | As of March 31, 2012 | As of September 30, 2011 | ||||||||||
Aggregated Figures |
(4,514 | ) | 17,457 | (163,355 | ) | |||||||
Mizuho Bank |
41,915 | (10,556 | ) | (63,297 | ) | |||||||
Mizuho Corporate Bank |
(59,383 | ) | 2,024 | (111,665 | ) | |||||||
Mizuho Trust & Banking |
12,952 | 25,988 | 11,607 |
13
Mizuho Financial Group, Inc.
(2) Bonds Held to Maturity
Aggregated Figures of the 3 Banks
(Millions of yen) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 | As of September 30, 2011 | ||||||||||||||||||||||||||||||||||||||
Book Value | Unrealized Gains/Losses | Unrealized Gains/Losses | Unrealized Gains/Losses | |||||||||||||||||||||||||||||||||||||
Gains | Losses | Gains | Losses | Gains | Losses | |||||||||||||||||||||||||||||||||||
Aggregated Figures |
2,400,257 | 18,741 | 18,741 | | 14,524 | 14,586 | 61 | 11,910 | 12,024 | 113 | ||||||||||||||||||||||||||||||
Mizuho Bank |
2,400,257 | 18,741 | 18,741 | | 14,524 | 14,586 | 61 | 11,910 | 12,024 | 113 | ||||||||||||||||||||||||||||||
Mizuho Corporate Bank |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Mizuho Trust & Banking |
| | | | | | | | | | ||||||||||||||||||||||||||||||
(3) Investment in Subsidiaries and Affiliates
Aggregated Figures of the 3 Banks |
| |||||||||||||||||||||||||||||||||||||||
(Millions of yen) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 | As of September 30, 2011 | ||||||||||||||||||||||||||||||||||||||
Book Value | Unrealized Gains/Losses | Unrealized Gains/Losses | Unrealized Gains/Losses | |||||||||||||||||||||||||||||||||||||
Gains | Losses | Gains | Losses | Gains | Losses | |||||||||||||||||||||||||||||||||||
Aggregated Figures |
44,205 | (12,566 | ) | | 12,566 | (4,891 | ) | | 4,891 | | | | ||||||||||||||||||||||||||||
Mizuho Bank |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Mizuho Corporate Bank |
44,205 | (12,566 | ) | | 12,566 | (4,891 | ) | | 4,891 | | | | ||||||||||||||||||||||||||||
Mizuho Trust & Banking |
| | | | | | | | | |
(Reference)
Unrealized Gains/Losses on Other Securities
(the base amount to be recorded directly to Net Assets after tax and other necessary adjustments)
For certain Other Securities, Unrealized Gains/Losses were recognized in the statement of income by applying the fair-value hedge method and others. They were excluded from Unrealized Gains (Losses) on Other Securities. These adjusted Unrealized Gains/Losses were the base amount, which was to be recorded directly to Net Assets after tax and other necessary adjustments.
The base amount was as follows:
Consolidated
(Millions of yen) | ||||||||||||||||||||
As of September 30, 2012 |
As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Unrealized Gains/Losses | Unrealized Gains/Losses |
Unrealized Gains/Losses |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Other Securities |
3,868 | (87,341 | ) | 149,093 | 91,209 | (145,225 | ) | |||||||||||||
Japanese Stocks |
11,908 | (144,397 | ) | 57,625 | 156,305 | (45,717 | ) | |||||||||||||
Japanese Bonds |
71,347 | 16,469 | 24,870 | 54,878 | 46,476 | |||||||||||||||
Japanese Government Bonds |
54,683 | 4,418 | 16,172 | 50,265 | 38,511 | |||||||||||||||
Other |
(79,387 | ) | 40,587 | 66,597 | (119,974 | ) | (145,984 | ) | ||||||||||||
Non-Consolidated | ||||||||||||||||||||
Aggregated Figures of the 3 Banks | ||||||||||||||||||||
(Millions of yen) | ||||||||||||||||||||
As of September 30, 2012 |
As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Unrealized Gains/Losses | Unrealized Gains/Losses |
Unrealized Gains/Losses |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Other Securities |
24,881 | (36,828 | ) | 188,223 | 61,710 | (163,341 | ) | |||||||||||||
Japanese Stocks |
26,754 | (106,634 | ) | 97,359 | 133,388 | (70,605 | ) | |||||||||||||
Japanese Bonds |
71,176 | 16,646 | 25,354 | 54,530 | 45,822 | |||||||||||||||
Japanese Government Bonds |
54,472 | 4,600 | 16,518 | 49,872 | 37,953 | |||||||||||||||
Other |
(73,049 | ) | 53,159 | 65,509 | (126,209 | ) | (138,558 | ) |
14
Mizuho Financial Group, Inc.
6. Projected Redemption Amounts for Securities
| The redemption schedule by term for Bonds Held to Maturity and Other Securities with maturities is as follows: |
Non-Consolidated
Aggregated Figures of the 3 Banks
(Billions of yen) | ||||||||||||||||||||||||||||||||||||||||||||||||
Maturity as of September 30, 2012 | Change | Maturity as of March 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||
Within 1 year |
1 - 5 years |
5 - 10 years |
Over 10 years |
Within 1 year |
1 - 5 years |
5 -10 years |
Over 10 years |
Within 1 year |
1 - 5 years |
5 - 10 years |
Over 10 years |
|||||||||||||||||||||||||||||||||||||
Japanese Bonds |
10,649.6 | 19,450.4 | 3,251.6 | 1,235.2 | (2,492.6 | ) | (925.7 | ) | 306.3 | 21.4 | 13,142.3 | 20,376.1 | 2,945.2 | 1,213.7 | ||||||||||||||||||||||||||||||||||
Japanese Government Bonds |
9,874.8 | 18,114.8 | 2,962.2 | 142.0 | (2,524.1 | ) | (750.6 | ) | 344.8 | (86.0 | ) | 12,398.9 | 18,865.4 | 2,617.4 | 228.0 | |||||||||||||||||||||||||||||||||
Japanese Local Government Bonds |
60.1 | 175.7 | 61.3 | 0.8 | 9.0 | 51.9 | (30.2 | ) | (0.0 | ) | 51.0 | 123.7 | 91.5 | 0.8 | ||||||||||||||||||||||||||||||||||
Japanese Corporate Bonds |
714.6 | 1,159.9 | 228.0 | 1,092.3 | 22.4 | (227.0 | ) | (8.2 | ) | 107.4 | 692.2 | 1,386.9 | 236.3 | 984.8 | ||||||||||||||||||||||||||||||||||
Other |
1,116.5 | 4,400.5 | 1,965.4 | 2,820.2 | (2.4 | ) | 331.0 | 220.3 | (77.4 | ) | 1,118.9 | 4,069.4 | 1,745.0 | 2,897.6 | ||||||||||||||||||||||||||||||||||
Mizuho Bank | ||||||||||||||||||||||||||||||||||||||||||||||||
Japanese Bonds |
6,122.3 | 12,286.3 | 1,533.3 | 674.6 | (2,112.1 | ) | 772.3 | 426.0 | (9.7 | ) | 8,234.5 | 11,514.0 | 1,107.3 | 684.4 | ||||||||||||||||||||||||||||||||||
Japanese Government Bonds |
5,554.1 | 11,202.5 | 1,334.8 | 37.0 | (2,006.4 | ) | 835.8 | 394.8 | (45.0 | ) | 7,560.6 | 10,366.7 | 940.0 | 82.0 | ||||||||||||||||||||||||||||||||||
Japanese Local Government Bonds |
55.5 | 163.8 | 36.6 | | 6.9 | 51.9 | 9.6 | | 48.6 | 111.8 | 26.9 | | ||||||||||||||||||||||||||||||||||||
Japanese Corporate Bonds |
512.5 | 920.0 | 161.9 | 637.6 | (112.6 | ) | (115.4 | ) | 21.6 | 35.2 | 625.2 | 1,035.4 | 140.3 | 602.4 | ||||||||||||||||||||||||||||||||||
Other |
78.2 | 1,731.9 | 497.1 | 1,361.5 | (17.0 | ) | 265.3 | 206.6 | 79.2 | 95.3 | 1,466.6 | 290.5 | 1,282.2 | |||||||||||||||||||||||||||||||||||
Mizuho Corporate Bank | ||||||||||||||||||||||||||||||||||||||||||||||||
Japanese Bonds |
4,222.8 | 6,728.0 | 1,412.6 | 510.5 | (450.1 | ) | (1,349.7 | ) | (79.7 | ) | 21.2 | 4,672.9 | 8,077.8 | 1,492.4 | 489.3 | |||||||||||||||||||||||||||||||||
Japanese Government Bonds |
4,024.7 | 6,512.3 | 1,327.4 | 55.0 | (587.1 | ) | (1,231.4 | ) | (10.0 | ) | (51.0 | ) | 4,611.8 | 7,743.7 | 1,337.4 | 106.0 | ||||||||||||||||||||||||||||||||
Japanese Local Government Bonds |
4.4 | 11.0 | 21.8 | 0.8 | 1.9 | 0.1 | (39.8 | ) | (0.0 | ) | 2.4 | 10.9 | 61.7 | 0.8 | ||||||||||||||||||||||||||||||||||
Japanese Corporate Bonds |
193.6 | 204.6 | 63.4 | 454.6 | 135.0 | (118.5 | ) | (29.8 | ) | 72.2 | 58.6 | 323.2 | 93.3 | 382.4 | ||||||||||||||||||||||||||||||||||
Other |
1,010.8 | 2,311.4 | 1,432.2 | 1,458.7 | 22.1 | (26.9 | ) | 98.4 | (156.6 | ) | 988.6 | 2,338.4 | 1,333.7 | 1,615.3 | ||||||||||||||||||||||||||||||||||
Mizuho Trust & Banking | ||||||||||||||||||||||||||||||||||||||||||||||||
Japanese Bonds |
304.5 | 436.0 | 305.5 | 50.0 | 69.6 | (348.2 | ) | (40.0 | ) | 10.0 | 234.8 | 784.2 | 345.5 | 40.0 | ||||||||||||||||||||||||||||||||||
Japanese Government Bonds |
296.0 | 400.0 | 300.0 | 50.0 | 69.5 | (355.0 | ) | (40.0 | ) | 10.0 | 226.5 | 755.0 | 340.0 | 40.0 | ||||||||||||||||||||||||||||||||||
Japanese Local Government Bonds |
0.1 | 0.8 | 2.8 | | 0.1 | (0.1 | ) | | | | 0.9 | 2.8 | | |||||||||||||||||||||||||||||||||||
Japanese Corporate Bonds |
8.3 | 35.1 | 2.6 | | 0.0 | 6.8 | | | 8.3 | 28.2 | 2.6 | | ||||||||||||||||||||||||||||||||||||
Other |
27.4 | 357.0 | 36.1 | | (7.5 | ) | 92.6 | (84.6 | ) | (0.0 | ) | 34.9 | 264.3 | 120.8 | 0.0 |
15
Mizuho Financial Group, Inc.
7. Overview of Derivative Transactions Qualifying for Hedge Accounting
Non-Consolidated
| Notional Amounts of Interest Rate Swaps (qualifying for hedge accounting (deferred method)) by Remaining Contractual Term |
Aggregated Figures of the 3 Banks
(Billions of yen) | ||||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | Change | As of March 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||
Within 1 year |
1 - 5 years |
Over 5 years |
Total | Within 1 year |
1 - 5 years |
Over 5 years |
Total | Within 1 year |
1 - 5 years |
Over 5 years |
Total | |||||||||||||||||||||||||||||||||||||
Receive Fixed / Pay Float |
8,541.0 | 12,987.2 | 5,454.9 | 26,983.2 | (2,172.3 | ) | (1,283.9 | ) | 1,194.5 | (2,261.7 | ) | 10,713.4 | 14,271.1 | 4,260.4 | 29,245.0 | |||||||||||||||||||||||||||||||||
Receive Float / Pay Fixed |
1,312.9 | 2,055.2 | 2,279.7 | 5,647.9 | (968.0 | ) | (197.0 | ) | (5.7 | ) | (1,170.8 | ) | 2,281.0 | 2,252.3 | 2,285.4 | 6,818.8 | ||||||||||||||||||||||||||||||||
Receive Float / Pay Float |
94.8 | 60.0 | 30.0 | 184.8 | 80.0 | (80.0 | ) | | | 14.8 | 140.0 | 30.0 | 184.8 | |||||||||||||||||||||||||||||||||||
Receive Fixed / Pay Fixed |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||
Total |
9,948.8 | 15,102.4 | 7,764.7 | 32,815.9 | (3,060.4 | ) | (1,560.9 | ) | 1,188.7 | (3,432.6 | ) | 13,009.2 | 16,663.4 | 6,575.9 | 36,248.6 | |||||||||||||||||||||||||||||||||
Mizuho Bank | ||||||||||||||||||||||||||||||||||||||||||||||||
Receive Fixed / Pay Float |
7,130.2 | 5,324.0 | 970.4 | 13,424.6 | (1,863.3 | ) | (767.7 | ) | 410.4 | (2,220.6 | ) | 8,993.5 | 6,091.8 | 559.9 | 15,645.3 | |||||||||||||||||||||||||||||||||
Receive Float / Pay Fixed |
| | 8.0 | 8.0 | | | (167.1 | ) | (167.1 | ) | | | 175.1 | 175.1 | ||||||||||||||||||||||||||||||||||
Receive Float / Pay Float |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Receive Fixed / Pay Fixed |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||
Total |
7,130.2 | 5,324.0 | 978.4 | 13,432.6 | (1,863.3 | ) | (767.7 | ) | 243.3 | (2,387.7 | ) | 8,993.5 | 6,091.8 | 735.0 | 15,820.4 | |||||||||||||||||||||||||||||||||
Mizuho Corporate Bank | ||||||||||||||||||||||||||||||||||||||||||||||||
Receive Fixed / Pay Float |
1,410.8 | 7,663.1 | 4,209.5 | 13,283.5 | (308.9 | ) | (516.1 | ) | 654.0 | (171.1 | ) | 1,719.8 | 8,179.3 | 3,555.5 | 13,454.6 | |||||||||||||||||||||||||||||||||
Receive Float / Pay Fixed |
1,262.9 | 2,020.2 | 2,236.2 | 5,519.5 | (898.0 | ) | (157.0 | ) | 155.9 | (899.1 | ) | 2,161.0 | 2,177.3 | 2,080.3 | 6,418.7 | |||||||||||||||||||||||||||||||||
Receive Float / Pay Float |
94.8 | 60.0 | 30.0 | 184.8 | 80.0 | (80.0 | ) | | | 14.8 | 140.0 | 30.0 | 184.8 | |||||||||||||||||||||||||||||||||||
Receive Fixed / Pay Fixed |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||
Total |
2,768.6 | 9,743.3 | 6,475.8 | 18,987.8 | (1,127.0 | ) | (753.2 | ) | 810.0 | (1,070.3 | ) | 3,895.6 | 10,496.6 | 5,665.8 | 20,058.1 | |||||||||||||||||||||||||||||||||
Mizuho Trust & Banking | ||||||||||||||||||||||||||||||||||||||||||||||||
Receive Fixed / Pay Float |
| | 275.0 | 275.0 | | | 130.0 | 130.0 | | | 145.0 | 145.0 | ||||||||||||||||||||||||||||||||||||
Receive Float / Pay Fixed |
50.0 | 35.0 | 35.4 | 120.4 | (70.0 | ) | (40.0 | ) | 5.4 | (104.5 | ) | 120.0 | 75.0 | 30.0 | 225.0 | |||||||||||||||||||||||||||||||||
Receive Float / Pay Float |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Receive Fixed / Pay Fixed |
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||
Total |
50.0 | 35.0 | 310.4 | 395.4 | (70.0 | ) | (40.0 | ) | 135.4 | 25.4 | 120.0 | 75.0 | 175.0 | 370.0 |
(Reference)
Deferred Hedge Gains/Losses of Derivative Transactions Qualifying for Hedge Accounting
(Billions of yen) | ||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | Change | As of March 31, 2012 | ||||||||||||||||||||||||||||||||||
Deferred Hedge Gains/Losses |
Deferred Hedge Gains/Losses |
Deferred Hedge Gains/Losses |
||||||||||||||||||||||||||||||||||
Gains | Losses | Gains | Losses | Gains | Losses | |||||||||||||||||||||||||||||||
Aggregated Figures |
818.4 | 548.2 | 270.2 | 47.3 | (4.8 | ) | 52.2 | 771.0 | 553.0 | 217.9 | ||||||||||||||||||||||||||
Mizuho Bank |
71.1 | 76.8 | (5.6 | ) | 7.1 | (5.2 | ) | 12.3 | 64.0 | 82.1 | (18.0 | ) | ||||||||||||||||||||||||
Mizuho Corporate Bank |
679.2 | 400.5 | 278.6 | 35.7 | (0.4 | ) | 36.2 | 643.4 | 401.0 | 242.4 | ||||||||||||||||||||||||||
Mizuho Trust & Banking |
67.9 | 70.7 | (2.7 | ) | 4.4 | 0.8 | 3.6 | 63.4 | 69.9 | (6.4 | ) |
Note: Above figures reflect all derivative transactions qualifying for hedge accounting, and are before net of applicable income taxes.
16
Mizuho Financial Group, Inc.
8. Employee Retirement Benefits
Non-Consolidated
Projected Benefit Obligations
Aggregated Figures of the 3 Banks
(Millions of yen) | ||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 | |||||||||||||||
Change | ||||||||||||||||
Projected Benefit Obligations (at the beginning of the fiscal year) |
(A | ) | 1,186,325 | 107,373 | 1,078,952 | |||||||||||
Discount Rate (%) |
1.7 | (0.8 | ) | 2.5 | ||||||||||||
Fair Value of Plan Assets (at the beginning of the fiscal year) |
(B | ) | 1,210,121 | 57,605 | 1,152,516 | |||||||||||
Unrecognized Actuarial Differences (at the beginning of the fiscal year) |
(C | ) | 390,949 | (15,200 | ) | 406,149 | ||||||||||
Amount accumulated (amortized) during the period |
(31,405 | ) | 4,425 | (35,830 | ) | |||||||||||
Prepaid Pension Cost (at the beginning of the fiscal year) |
(B)+(C)-(A | ) | 414,745 | (64,967 | ) | 479,713 | ||||||||||
Mizuho Bank | ||||||||||||||||
Projected Benefit Obligations (at the beginning of the fiscal year) |
(A | ) | 707,530 | 69,303 | 638,227 | |||||||||||
Discount Rate (%) |
1.7 | (0.8 | ) | 2.5 | ||||||||||||
Fair Value of Plan Assets (at the beginning of the fiscal year) |
(B | ) | 725,684 | 43,658 | 682,026 | |||||||||||
Unrecognized Actuarial Differences (at the beginning of the fiscal year) |
(C | ) | 221,616 | (27,854 | ) | 249,470 | ||||||||||
Amount accumulated (amortized) during the period |
(19,215 | ) | 3,376 | (22,592 | ) | |||||||||||
Prepaid Pension Cost (at the beginning of the fiscal year) |
(B)+(C)-(A | ) | 239,770 | (53,498 | ) | 293,269 | ||||||||||
Mizuho Corporate Bank | ||||||||||||||||
Projected Benefit Obligations (at the beginning of the fiscal year) |
(A | ) | 345,051 | 25,309 | 319,742 | |||||||||||
Discount Rate (%) |
1.7 | (0.8 | ) | 2.5 | ||||||||||||
Fair Value of Plan Assets (at the beginning of the fiscal year) |
(B | ) | 352,088 | 10,083 | 342,004 | |||||||||||
Unrecognized Actuarial Differences (at the beginning of the fiscal year) |
(C | ) | 124,962 | 7,100 | 117,862 | |||||||||||
Amount accumulated (amortized) during the period |
(8,596 | ) | 860 | (9,457 | ) | |||||||||||
Prepaid Pension Cost (at the beginning of the fiscal year) |
(B)+(C)-(A | ) | 131,998 | (8,125 | ) | 140,124 | ||||||||||
Mizuho Trust & Banking | ||||||||||||||||
Projected Benefit Obligations (at the beginning of the fiscal year) |
(A | ) | 133,743 | 12,760 | 120,982 | |||||||||||
Discount Rate (%) |
1.7 | (0.8 | ) | 2.5 | ||||||||||||
Fair Value of Plan Assets (at the beginning of the fiscal year) |
(B | ) | 132,348 | 3,863 | 128,485 | |||||||||||
Unrecognized Actuarial Differences (at the beginning of the fiscal year) |
(C | ) | 44,370 | 5,554 | 38,816 | |||||||||||
Amount accumulated (amortized) during the period |
(3,593 | ) | 188 | (3,781 | ) | |||||||||||
Prepaid Pension Cost (at the beginning of the fiscal year) |
(B)+(C)-(A | ) | 42,976 | (3,342 | ) | 46,319 |
17
Mizuho Financial Group, Inc.
Income (Expenses) related to Employee Retirement Benefits
Aggregated Figures of the 3 Banks
(Millions of yen) | ||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 | |||||||||||||||
Change | ||||||||||||||||
Service Cost |
|
(11,032 | ) | (2,239 | ) | (8,792 | ) | |||||||||
Interest Cost |
|
(10,083 | ) | 3,403 | (13,486 | ) | ||||||||||
Expected Return on Plan Assets |
|
14,377 | 1,781 | 12,595 | ||||||||||||
Accumulation (Amortization) of Unrecognized Actuarial Differences |
|
(31,405 | ) | 4,425 | (35,830 | ) | ||||||||||
Losses on Return of Retirement Benefits Trust |
|
| 27,728 | (27,728 | ) | |||||||||||
Other |
|
(2,091 | ) | (166 | ) | (1,925 | ) | |||||||||
|
|
|
|
|
|
|||||||||||
Total |
|
(40,235 | ) | 34,932 | (75,168 | ) | ||||||||||
Mizuho Bank |
|
|||||||||||||||
Service Cost |
|
(7,097 | ) | (1,525 | ) | (5,572 | ) | |||||||||
Interest Cost |
|
(6,014 | ) | 1,963 | (7,977 | ) | ||||||||||
Expected Return on Plan Assets |
|
8,707 | 2,568 | 6,138 | ||||||||||||
Accumulation (Amortization) of Unrecognized Actuarial Differences |
|
(19,215 | ) | 3,376 | (22,592 | ) | ||||||||||
Losses on Return of Retirement Benefits Trust |
|
| 27,728 | (27,728 | ) | |||||||||||
Other |
|
(1,396 | ) | (136 | ) | (1,259 | ) | |||||||||
|
|
|
|
|
|
|||||||||||
Total |
|
(25,015 | ) | 33,975 | (58,991 | ) | ||||||||||
Mizuho Corporate Bank |
|
|||||||||||||||
Service Cost |
|
(2,497 | ) | (441 | ) | (2,055 | ) | |||||||||
Interest Cost |
|
(2,932 | ) | 1,063 | (3,996 | ) | ||||||||||
Expected Return on Plan Assets |
|
4,032 | (817 | ) | 4,850 | |||||||||||
Accumulation (Amortization) of Unrecognized Actuarial Differences |
|
(8,596 | ) | 860 | (9,457 | ) | ||||||||||
Other |
|
(375 | ) | 90 | (466 | ) | ||||||||||
|
|
|
|
|
|
|||||||||||
Total |
|
(10,369 | ) | 755 | (11,125 | ) | ||||||||||
Mizuho Trust & Banking |
|
|||||||||||||||
Service Cost |
|
(1,437 | ) | (272 | ) | (1,164 | ) | |||||||||
Interest Cost |
|
(1,136 | ) | 375 | (1,512 | ) | ||||||||||
Expected Return on Plan Assets |
|
1,637 | 30 | 1,606 | ||||||||||||
Accumulation (Amortization) of Unrecognized Actuarial Differences |
|
(3,593 | ) | 188 | (3,781 | ) | ||||||||||
Other |
|
(320 | ) | (120 | ) | (199 | ) | |||||||||
|
|
|
|
|
|
|||||||||||
Total |
|
(4,850 | ) | 200 | (5,051 | ) | ||||||||||
Consolidated | ||||||||||||||||
(Millions of yen) | ||||||||||||||||
First Half of Fiscal 2012 | First Half of Fiscal 2011 | |||||||||||||||
Change | ||||||||||||||||
Projected Benefit Obligations (at the beginning of the fiscal year) |
(A | ) | 1,328,823 | 121,593 | 1,207,229 | |||||||||||
Fair Value of Plan Assets (at the beginning of the fiscal year) |
(B | ) | 1,311,886 | 95,898 | 1,215,987 | |||||||||||
Unrecognized Actuarial Differences (at the beginning of the fiscal year) |
(C | ) | 418,892 | (1,545 | ) | 420,438 | ||||||||||
Amount accumulated (amortized) during the period |
(33,534 | ) | 3,655 | (37,190 | ) | |||||||||||
Prepaid Pension Cost (at the beginning of the fiscal year) |
(D | ) | 438,008 | (26,803 | ) | 464,812 | ||||||||||
Reserve for Employee Retirement Benefits (at the beginning of the fiscal year) |
(A)-(B)-(C)+(D | ) | 36,053 | 437 | 35,615 | |||||||||||
Income (Expenses) related to Employee Retirement Benefits |
(47,115 | ) | 9,829 | (56,945 | ) |
18
Mizuho Financial Group, Inc.
9. Capital Adequacy Ratio
Consolidated
Mizuho Financial Group
BIS Standard
(%, Billions of yen) | ||||||||||||
As of September 30,
2012 (Preliminary) |
||||||||||||
Change from March 31, 2012 |
As of March 31, 2012 |
|||||||||||
(1) Capital Adequacy Ratio |
15.45 | (0.05 | ) | 15.50 | ||||||||
Tier 1 Capital Ratio |
12.68 | (0.08 | ) | 12.76 | ||||||||
(2) Tier 1 Capital |
6,290.6 | (108.3 | ) | 6,398.9 | ||||||||
Common Stock and Preferred Stock |
2,254.9 | | 2,254.9 | |||||||||
Capital Surplus |
1,109.5 | (0.2 | ) | 1,109.7 | ||||||||
Retained Earnings |
1,513.8 | 108.4 | 1,405.4 | |||||||||
Less: Treasury Stock |
4.7 | (2.3 | ) | 7.0 | ||||||||
Less: Dividends (estimate), etc. |
76.3 | 0.0 | 76.3 | |||||||||
Less: Unrealized Losses on Other Securities |
21.8 | 21.8 | | |||||||||
Foreign Currency Translation Adjustments |
(103.9 | ) | (1.0 | ) | (102.8 | ) | ||||||
Minority Interests in Consolidated Subsidiaries |
1,760.1 | (181.3 | ) | 1,941.4 | ||||||||
Preferred Securities Issued by Overseas SPCs |
1,682.0 | (177.5 | ) | 1,859.6 | ||||||||
Other |
(140.9 | ) | (14.5 | ) | (126.4 | ) | ||||||
(3) Tier 2 Capital |
1,769.9 | 24.8 | 1,745.1 | |||||||||
Tier 2 Capital Included as Qualifying Capital |
1,769.9 | 24.8 | 1,745.1 | |||||||||
45% of Unrealized Gains on Other Securities |
| (45.1 | ) | 45.1 | ||||||||
45% of Revaluation Reserve for Land |
101.7 | (0.8 | ) | 102.5 | ||||||||
General Reserve for Possible Losses on Loans, etc. |
4.6 | 0.4 | 4.2 | |||||||||
Debt Capital, etc. |
1,663.5 | 70.3 | 1,593.2 | |||||||||
Perpetual Subordinated Debt and Other Debt Capital |
256.6 | (6.0 | ) | 262.6 | ||||||||
Dated Subordinated Debt and Redeemable Preferred Stock |
1,406.9 | 76.3 | 1,330.6 | |||||||||
(4) Deductions for Total Risk-based Capital |
395.4 | 26.4 | 368.9 | |||||||||
(5) Total Risk-based Capital (2)+(3)-(4) |
7,665.1 | (109.9 | ) | 7,775.0 | ||||||||
(6) Risk-weighted Assets |
49,603.9 | (540.9 | ) | 50,144.9 | ||||||||
Credit Risk Assets |
44,696.6 | (447.7 | ) | 45,144.4 | ||||||||
On-balance-sheet Items |
37,340.3 | (300.2 | ) | 37,640.5 | ||||||||
Off-balance-sheet Items |
7,356.3 | (147.5 | ) | 7,503.9 | ||||||||
Market Risk Equivalent Assets |
2,022.3 | (60.9 | ) | 2,083.3 | ||||||||
Operational Risk Equivalent Assets |
2,884.9 | (32.2 | ) | 2,917.1 | ||||||||
Adjusted Amount for Credit Risk-weighted Assets |
| | | |||||||||
Adjusted Amount for Operational Risk Equivalent |
| | | |||||||||
(Reference) |
||||||||||||
Prime Capital Ratio * |
9.21 | 0.24 | 8.97 |
* | Prime Capital (Tier1 Capital (2) - preferred securities - preferred stock (excluding mandatory convertible preferred stock)) divided by Risk-weighted Assets (6) |
19
Mizuho Financial Group, Inc.
Mizuho Bank
Domestic Standard
(%, Billions of yen) | ||||||||||||
As of September 30,
2012 (Preliminary) |
||||||||||||
Change from March 31, 2012 |
As of March 31, 2012 |
|||||||||||
(1) Capital Adequacy Ratio |
15.35 | (0.17 | ) | 15.52 | ||||||||
Tier 1 Capital Ratio |
11.26 | (0.13 | ) | 11.39 | ||||||||
(2) Tier 1 Capital |
2,389.6 | (38.4 | ) | 2,428.1 | ||||||||
(3) Tier 2 Capital |
980.7 | 3.1 | 977.6 | |||||||||
(4) Deductions for Total Risk-based Capital |
112.9 | 13.9 | 98.9 | |||||||||
(5) Total Risk-based Capital (2)+(3)-(4) |
3,257.4 | (49.3 | ) | 3,306.8 | ||||||||
(6) Risk-weighted Assets |
21,208.5 | (91.4 | ) | 21,299.9 | ||||||||
Mizuho Corporate Bank | ||||||||||||
BIS Standard | ||||||||||||
(1) Capital Adequacy Ratio |
17.94 | 0.11 | 17.83 | |||||||||
Tier 1 Capital Ratio |
15.79 | (0.08 | ) | 15.87 | ||||||||
(2) Tier 1 Capital |
4,363.4 | (67.4 | ) | 4,430.8 | ||||||||
(3) Tier 2 Capital |
732.3 | 49.5 | 682.8 | |||||||||
(4) Deductions for Total Risk-based Capital |
139.0 | 1.7 | 137.2 | |||||||||
(5) Total Risk-based Capital (2)+(3)-(4) |
4,956.8 | (19.6 | ) | 4,976.4 | ||||||||
(6) Risk-weighted Assets |
27,623.6 | (286.5 | ) | 27,910.1 | ||||||||
Mizuho Trust & Banking | ||||||||||||
BIS Standard | ||||||||||||
(1) Capital Adequacy Ratio |
17.80 | (0.46 | ) | 18.26 | ||||||||
Tier 1 Capital Ratio |
14.21 | 0.19 | 14.02 | |||||||||
(2) Tier 1 Capital |
331.6 | (2.9 | ) | 334.5 | ||||||||
(3) Tier 2 Capital |
87.0 | (16.5 | ) | 103.5 | ||||||||
(4) Deductions for Total Risk-based Capital |
3.2 | 0.7 | 2.4 | |||||||||
(5) Total Risk-based Capital (2)+(3)-(4) |
415.5 | (20.2 | ) | 435.7 | ||||||||
(6) Risk-weighted Assets |
2,333.6 | (52.3 | ) | 2,386.0 | ||||||||
(Reference) | ||||||||||||
Mizuho Bank | ||||||||||||
BIS Standard | ||||||||||||
(1) Capital Adequacy Ratio |
15.43 | (0.03 | ) | 15.46 | ||||||||
Tier 1 Capital Ratio |
11.19 | (0.13 | ) | 11.32 | ||||||||
(2) Tier 1 Capital |
2,389.4 | (38.5 | ) | 2,428.0 | ||||||||
(3) Tier 2 Capital |
1,018.4 | 32.4 | 986.0 | |||||||||
(4) Deductions for Total Risk-based Capital |
113.1 | 13.9 | 99.1 | |||||||||
(5) Total Risk-based Capital (2)+(3)-(4) |
3,294.8 | (20.0 | ) | 3,314.8 | ||||||||
(6) Risk-weighted Assets |
21,349.3 | (91.6 | ) | 21,440.9 |
20
Mizuho Financial Group, Inc.
II. REVIEW OF CREDITS
1. Status of Non-Accrual, Past Due & Restructured Loans
| The figures below are presented net of partial direct write-offs. |
| Treatment of accrued interest is based on the results of the self-assessment of assets. |
(All loans to obligors classified in the self-assessment of assets as Bankrupt Obligors, Substantially Bankrupt Obligors, and Intensive Control Obligors are categorized as non-accrual loans.)
Consolidated
(Millions of yen, %) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||||||||||||||||||||||
% | Change from March 31, 2012 |
% | Change from September 30, 2011 |
% | % | % | ||||||||||||||||||||||||||||||||||
Loans to Bankrupt Obligors |
34,040 | 0.05 | (6,727 | ) | (0.01 | ) | 1,048 | 0.00 | 40,767 | 0.06 | 32,992 | 0.05 | ||||||||||||||||||||||||||||
Non-Accrual Delinquent Loans |
593,842 | 0.93 | 11,224 | 0.01 | (20,558 | ) | (0.06 | ) | 582,618 | 0.91 | 614,401 | 0.99 | ||||||||||||||||||||||||||||
Loans Past Due for 3 Months or More |
20,431 | 0.03 | 184 | 0.00 | (103 | ) | (0.00 | ) | 20,246 | 0.03 | 20,534 | 0.03 | ||||||||||||||||||||||||||||
Restructured Loans |
582,579 | 0.91 | (6,935 | ) | (0.00 | ) | 16,047 | (0.00 | ) | 589,515 | 0.92 | 566,532 | 0.91 | |||||||||||||||||||||||||||
Total |
1,230,894 | 1.93 | (2,253 | ) | 0.00 | (3,566 | ) | (0.06 | ) | 1,233,147 | 1.93 | 1,234,460 | 1.99 | |||||||||||||||||||||||||||
Total Loans |
63,650,211 | 100.00 | (150,297 | ) | 1,918,604 | 63,800,509 | 100.00 | 61,731,606 | 100.00 | |||||||||||||||||||||||||||||||
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 |
253,782 | (18,161 | ) | (72,438 | ) | 271,943 | 326,220 | |||||||||||||||||||||||||||||||||
Trust Account
|
|
|||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||||||||||||||||||||||
% | Change from March 31, 2012 |
% | Change from September 30, 2011 |
% | % | % | ||||||||||||||||||||||||||||||||||
Loans to Bankrupt Obligors |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Non-Accrual Delinquent Loans |
3,069 | 13.33 | (8 | ) | 0.67 | (17 | ) | 1.11 | 3,078 | 12.66 | 3,086 | 12.21 | ||||||||||||||||||||||||||||
Loans Past Due for 3 Months or More |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Restructured Loans |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Total |
3,069 | 13.33 | (8 | ) | 0.67 | (17 | ) | 1.11 | 3,078 | 12.66 | 3,086 | 12.21 | ||||||||||||||||||||||||||||
Total Loans |
23,020 | 100.00 | (1,290 | ) | (2,249 | ) | 24,310 | 100.00 | 25,270 | 100.00 | ||||||||||||||||||||||||||||||
Consolidated + Trust Account
|
|
|||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||||||||||||||||||||||
% | Change from March 31, 2012 |
% | Change from September 30, 2011 |
% | % | % | ||||||||||||||||||||||||||||||||||
Loans to Bankrupt Obligors |
34,040 | 0.05 | (6,727 | ) | (0.01 | ) | 1,048 | 0.00 | 40,767 | 0.06 | 32,992 | 0.05 | ||||||||||||||||||||||||||||
Non-Accrual Delinquent Loans |
596,912 | 0.93 | 11,215 | 0.01 | (20,576 | ) | (0.06 | ) | 585,696 | 0.91 | 617,488 | 0.99 | ||||||||||||||||||||||||||||
Loans Past Due for 3 Months or More |
20,431 | 0.03 | 184 | 0.00 | (103 | ) | (0.00 | ) | 20,246 | 0.03 | 20,534 | 0.03 | ||||||||||||||||||||||||||||
Restructured Loans |
582,579 | 0.91 | (6,935 | ) | (0.00 | ) | 16,047 | (0.00 | ) | 589,515 | 0.92 | 566,532 | 0.91 | |||||||||||||||||||||||||||
Total |
1,233,963 | 1.93 | (2,262 | ) | 0.00 | (3,583 | ) | (0.06 | ) | 1,236,225 | 1.93 | 1,237,547 | 2.00 | |||||||||||||||||||||||||||
Total Loans |
63,673,232 | 100.00 | (151,587 | ) | 1,916,355 | 63,824,819 | 100.00 | 61,756,877 | 100.00 |
* | Trust account denotes trust accounts with contracts indemnifying the principal amounts. |
21
Mizuho Financial Group, Inc.
Non-Consolidated
Aggregated Figures of the 3 Banks
(Banking Account + Trust Account)
(Millions of yen, %) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||||||||||||||||||||||
% | Change from March 31, 2012 |
% | Change from September 30, 2011 |
% | % | % | ||||||||||||||||||||||||||||||||||
Loans to Bankrupt Obligors |
32,222 | 0.05 | (5,788 | ) | (0.00 | ) | 1,435 | 0.00 | 38,010 | 0.05 | 30,787 | 0.04 | ||||||||||||||||||||||||||||
Non-Accrual Delinquent Loans |
577,261 | 0.90 | 15,699 | 0.03 | (16,190 | ) | (0.05 | ) | 561,561 | 0.87 | 593,452 | 0.96 | ||||||||||||||||||||||||||||
Loans Past Due for 3 Months or More |
20,428 | 0.03 | 181 | 0.00 | (106 | ) | (0.00 | ) | 20,246 | 0.03 | 20,534 | 0.03 | ||||||||||||||||||||||||||||
Restructured Loans |
458,449 | 0.72 | (8,241 | ) | (0.00 | ) | 9,162 | (0.00 | ) | 466,690 | 0.73 | 449,286 | 0.72 | |||||||||||||||||||||||||||
Total |
1,088,360 | 1.71 | 1,851 | 0.01 | (5,699 | ) | (0.06 | ) | 1,086,508 | 1.70 | 1,094,060 | 1.77 | ||||||||||||||||||||||||||||
Total Loans |
63,446,928 | 100.00 | (456,044 | ) | 1,828,231 | 63,902,973 | 100.00 | 61,618,697 | 100.00 | |||||||||||||||||||||||||||||||
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 |
225,221 | (20,562 | ) | (71,559 | ) | 245,783 | 296,780 | |||||||||||||||||||||||||||||||||
Mizuho Bank
|
||||||||||||||||||||||||||||||||||||||||
Loans to Bankrupt Obligors |
10,150 | 0.03 | (3,722 | ) | (0.01 | ) | (10,678 | ) | (0.03 | ) | 13,873 | 0.04 | 20,828 | 0.06 | ||||||||||||||||||||||||||
Non-Accrual Delinquent Loans |
472,027 | 1.49 | 22,665 | 0.11 | (14,783 | ) | (0.02 | ) | 449,361 | 1.38 | 486,811 | 1.52 | ||||||||||||||||||||||||||||
Loans Past Due for 3 Months or More |
20,337 | 0.06 | 424 | 0.00 | (77 | ) | 0.00 | 19,913 | 0.06 | 20,415 | 0.06 | |||||||||||||||||||||||||||||
Restructured Loans |
296,053 | 0.93 | (235 | ) | 0.02 | 8,649 | 0.04 | 296,289 | 0.91 | 287,403 | 0.89 | |||||||||||||||||||||||||||||
Total |
798,568 | 2.53 | 19,131 | 0.13 | (16,890 | ) | (0.01 | ) | 779,436 | 2.39 | 815,458 | 2.55 | ||||||||||||||||||||||||||||
Total Loans |
31,502,656 | 100.00 | (1,038,229 | ) | (474,364 | ) | 32,540,885 | 100.00 | 31,977,021 | 100.00 | ||||||||||||||||||||||||||||||
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 |
135,608 | (20,934 | ) | (60,729 | ) | 156,543 | 196,337 | |||||||||||||||||||||||||||||||||
Mizuho Corporate Bank
|
|
|||||||||||||||||||||||||||||||||||||||
Loans to Bankrupt Obligors |
22,009 | 0.07 | (1,130 | ) | (0.00 | ) | 13,364 | 0.04 | 23,140 | 0.08 | 8,644 | 0.03 | ||||||||||||||||||||||||||||
Non-Accrual Delinquent Loans |
83,663 | 0.29 | (6,431 | ) | (0.02 | ) | 2,957 | (0.01 | ) | 90,094 | 0.32 | 80,705 | 0.30 | |||||||||||||||||||||||||||
Loans Past Due for 3 Months or More |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Restructured Loans |
155,163 | 0.54 | 427 | (0.00 | ) | 5,053 | (0.02 | ) | 154,736 | 0.55 | 150,110 | 0.57 | ||||||||||||||||||||||||||||
Total |
260,836 | 0.91 | (7,134 | ) | (0.03 | ) | 21,375 | 0.00 | 267,971 | 0.95 | 239,461 | 0.91 | ||||||||||||||||||||||||||||
Total Loans |
28,440,310 | 100.00 | 381,510 | 2,166,557 | 28,058,800 | 100.00 | 26,273,753 | 100.00 | ||||||||||||||||||||||||||||||||
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 |
82,953 | 374 | (5,647 | ) | 82,579 | 88,600 | ||||||||||||||||||||||||||||||||||
Mizuho Trust & Banking |
| |||||||||||||||||||||||||||||||||||||||
(Banking Account)
|
| |||||||||||||||||||||||||||||||||||||||
Loans to Bankrupt Obligors |
62 | 0.00 | (934 | ) | (0.02 | ) | (1,251 | ) | (0.03 | ) | 997 | 0.03 | 1,313 | 0.03 | ||||||||||||||||||||||||||
Non-Accrual Delinquent Loans |
18,501 | 0.53 | (525 | ) | (0.04 | ) | (4,346 | ) | (0.15 | ) | 19,027 | 0.58 | 22,848 | 0.68 | ||||||||||||||||||||||||||
Loans Past Due for 3 Months or More |
90 | 0.00 | (242 | ) | (0.00 | ) | (28 | ) | (0.00 | ) | 333 | 0.01 | 119 | 0.00 | ||||||||||||||||||||||||||
Restructured Loans |
7,232 | 0.20 | (8,432 | ) | (0.26 | ) | (4,540 | ) | (0.14 | ) | 15,664 | 0.47 | 11,772 | 0.35 | ||||||||||||||||||||||||||
Total |
25,886 | 0.74 | (10,135 | ) | (0.35 | ) | (10,167 | ) | (0.33 | ) | 36,022 | 1.09 | 36,053 | 1.07 | ||||||||||||||||||||||||||
Total Loans |
3,480,940 | 100.00 | 201,964 | 138,288 | 3,278,976 | 100.00 | 3,342,652 | 100.00 | ||||||||||||||||||||||||||||||||
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 |
6,658 | (1 | ) | (5,183 | ) | 6,660 | 11,842 | |||||||||||||||||||||||||||||||||
(Trust Account)
|
||||||||||||||||||||||||||||||||||||||||
Loans to Bankrupt Obligors |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Non-Accrual Delinquent Loans |
3,069 | 13.33 | (8 | ) | 0.67 | (17 | ) | 1.11 | 3,078 | 12.66 | 3,086 | 12.21 | ||||||||||||||||||||||||||||
Loans Past Due for 3 Months or More |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Restructured Loans |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Total |
3,069 | 13.33 | (8 | ) | 0.67 | (17 | ) | 1.11 | 3,078 | 12.66 | 3,086 | 12.21 | ||||||||||||||||||||||||||||
Total Loans |
23,020 | 100.00 | (1,290 | ) | (2,249 | ) | 24,310 | 100.00 | 25,270 | 100.00 |
* | Trust account denotes trust accounts with contracts indemnifying the principal amounts. |
22
Mizuho Financial Group, Inc.
2. Status of Reserves for Possible Losses on Loans
Consolidated
(Millions of yen) | ||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Reserves for Possible Losses on Loans |
651,217 | (40,543 | ) | (68,675 | ) | 691,760 | 719,893 | |||||||||||||
General Reserve for Possible Losses on Loans |
440,546 | (7,042 | ) | (51,710 | ) | 447,588 | 492,257 | |||||||||||||
Specific Reserve for Possible Losses on Loans |
210,661 | (33,501 | ) | (16,965 | ) | 244,162 | 227,626 | |||||||||||||
Reserve for Possible Losses on Loans to Restructuring Countries |
9 | 0 | 0 | 9 | 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 |
296,842 | (30,807 | ) | (100,991 | ) | 327,650 | 397,834 | |||||||||||||
Non-Consolidated | ||||||||||||||||||||
Aggregated Figures of the 3 Banks | ||||||||||||||||||||
(Millions of yen) | ||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Reserves for Possible Losses on Loans |
555,176 | (27,707 | ) | (49,375 | ) | 582,883 | 604,551 | |||||||||||||
General Reserve for Possible Losses on Loans |
393,657 | (17,573 | ) | (62,993 | ) | 411,231 | 456,651 | |||||||||||||
Specific Reserve for Possible Losses on Loans |
161,508 | (10,134 | ) | 13,618 | 171,643 | 147,890 | ||||||||||||||
Reserve for Possible Losses on Loans to Restructuring Countries |
9 | 0 | 0 | 9 | 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 |
267,061 | (33,450 | ) | (100,342 | ) | 300,511 | 367,403 | |||||||||||||
Mizuho Bank | ||||||||||||||||||||
Reserves for Possible Losses on Loans |
329,032 | (15,642 | ) | (48,337 | ) | 344,674 | 377,370 | |||||||||||||
General Reserve for Possible Losses on Loans |
221,195 | (18,900 | ) | (50,614 | ) | 240,095 | 271,810 | |||||||||||||
Specific Reserve for Possible Losses on Loans |
107,836 | 3,258 | 2,276 | 104,578 | 105,560 | |||||||||||||||
Reserve for Possible Losses on Loans to Restructuring Countries |
| | | | | |||||||||||||||
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 |
169,961 | (29,577 | ) | (78,480 | ) | 199,538 | 248,442 | |||||||||||||
Mizuho Corporate Bank | ||||||||||||||||||||
Reserves for Possible Losses on Loans |
209,477 | (10,760 | ) | (326 | ) | 220,237 | 209,803 | |||||||||||||
General Reserve for Possible Losses on Loans |
161,996 | 3,100 | (9,242 | ) | 158,896 | 171,238 | ||||||||||||||
Specific Reserve for Possible Losses on Loans |
47,471 | (13,860 | ) | 8,915 | 61,332 | 38,556 | ||||||||||||||
Reserve for Possible Losses on Loans to Restructuring Countries |
9 | 0 | 0 | 9 | 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 |
86,932 | (1,266 | ) | (12,571 | ) | 88,198 | 99,503 | |||||||||||||
Mizuho Trust & Banking |
||||||||||||||||||||
Reserves for Possible Losses on Loans |
16,666 | (1,305 | ) | (711 | ) | 17,971 | 17,377 | |||||||||||||
General Reserve for Possible Losses on Loans |
10,465 | (1,773 | ) | (3,136 | ) | 12,239 | 13,602 | |||||||||||||
Specific Reserve for Possible Losses on Loans |
6,200 | 468 | 2,425 | 5,731 | 3,774 | |||||||||||||||
Reserve for Possible Losses on Loans to Restructuring Countries |
0 | (0 | ) | (0 | ) | 0 | 0 | |||||||||||||
Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | ||||||||||||||||||||
Amount of Partial Direct Write-offs |
10,168 | (2,607 | ) | (9,290 | ) | 12,775 | 19,458 |
* | Reserve for Possible Losses on Entrusted Loans (¥69 million, ¥74 million and ¥76 million for September 30, 2012, March 31, 2012 and September 30, 2011, respectively) is not included in the above figures for Trust Account. |
23
Mizuho Financial Group, Inc.
3. Reserve Ratios for Non-Accrual, Past Due & Restructured Loans
Consolidated
(%) | ||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Mizuho Financial Group |
52.90 | (3.19 | ) | (5.41 | ) | 56.09 | 58.31 | |||||||||||||
* Above figures are presented net of partial direct write-offs. |
| |||||||||||||||||||
Non-Consolidated | ||||||||||||||||||||
(%) | ||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Total |
51.15 | (2.64 | ) | (4.25 | ) | 53.79 | 55.41 | |||||||||||||
Mizuho Bank |
41.20 | (3.01 | ) | (5.07 | ) | 44.22 | 46.27 | |||||||||||||
Mizuho Corporate Bank |
80.30 | (1.87 | ) | (7.30 | ) | 82.18 | 87.61 | |||||||||||||
Mizuho Trust & Banking (Banking Account) |
64.38 | 14.49 | 16.18 | 49.89 | 48.19 |
* | Above figures are presented net of partial direct write-offs. |
24
Mizuho Financial Group, Inc.
4. Status of Disclosed Claims under the Financial Reconstruction Law (FRL)
Consolidated
(Millions of yen) | ||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
163,081 | (14,345 | ) | (32,515 | ) | 177,426 | 195,597 | |||||||||||||
Claims with Collection Risk |
533,409 | 6,106 | 3,360 | 527,302 | 530,048 | |||||||||||||||
Claims for Special Attention |
603,077 | (6,757 | ) | 15,922 | 609,834 | 587,154 | ||||||||||||||
Total |
1,299,568 | (14,995 | ) | (13,231 | ) | 1,314,563 | 1,312,800 | |||||||||||||
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 |
292,932 | (28,450 | ) | (97,077 | ) | 321,383 | 390,010 | |||||||||||||
Trust Account
|
||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
| | | | | |||||||||||||||
Claims with Collection Risk |
3,069 | (8 | ) | (17 | ) | 3,078 | 3,086 | |||||||||||||
Claims for Special Attention |
| | | | | |||||||||||||||
Total |
3,069 | (8 | ) | (17 | ) | 3,078 | 3,086 | |||||||||||||
Consolidated + Trust Account
|
||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
163,081 | (14,345 | ) | (32,515 | ) | 177,426 | 195,597 | |||||||||||||
Claims with Collection Risk |
536,478 | 6,097 | 3,343 | 530,380 | 533,135 | |||||||||||||||
Claims for Special Attention |
603,077 | (6,757 | ) | 15,922 | 609,834 | 587,154 | ||||||||||||||
Total |
1,302,637 | (15,004 | ) | (13,249 | ) | 1,317,642 | 1,315,887 |
* | Trust account denotes trust accounts with contracts indemnifying the principal amounts. |
25
Mizuho Financial Group, Inc.
Non-Consolidated
Aggregated Figures of the 3 Banks
(Banking Account + Trust Account)
(Millions of yen, %) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 | As of September 30, 2011 | ||||||||||||||||||||||||||||||||||||||
% | Change from March 31, 2012 |
% | Change from September 30, 2011 |
% | % | % | ||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
143,646 | 0.20 | (13,435 | ) | (0.01 | ) | (32,194 | ) | (0.05 | ) | 157,081 | 0.22 | 175,840 | 0.25 | ||||||||||||||||||||||||||
Claims with Collection Risk |
527,559 | 0.74 | 6,011 | 0.01 | 7,232 | (0.01 | ) | 521,547 | 0.73 | 520,327 | 0.76 | |||||||||||||||||||||||||||||
Claims for Special Attention |
478,943 | 0.67 | (8,065 | ) | (0.00 | ) | 9,034 | (0.00 | ) | 487,009 | 0.68 | 469,909 | 0.68 | |||||||||||||||||||||||||||
Sub-total |
1,150,149 | 1.63 | (15,489 | ) | (0.00 | ) | (15,927 | ) | (0.07 | ) | 1,165,638 | 1.63 | 1,166,076 | 1.70 | ||||||||||||||||||||||||||
Normal Claims |
69,408,886 | 98.36 | (631,033 | ) | 0.00 | 2,205,752 | 0.07 | 70,039,919 | 98.36 | 67,203,134 | 98.29 | |||||||||||||||||||||||||||||
Total |
70,559,036 | 100.00 | (646,522 | ) | 2,189,825 | 71,205,558 | 100.00 | 68,369,210 | 100.00 | |||||||||||||||||||||||||||||||
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 |
263,728 | (30,845 | ) | (96,237 | ) | 294,574 | 359,965 | |||||||||||||||||||||||||||||||||
Mizuho Bank
|
||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
88,301 | 0.26 | (7,099 | ) | (0.01 | ) | (37,042 | ) | (0.10 | ) | 95,400 | 0.27 | 125,343 | 0.36 | ||||||||||||||||||||||||||
Claims with Collection Risk |
412,523 | 1.22 | 25,366 | 0.10 | 5,394 | 0.03 | 387,156 | 1.11 | 407,129 | 1.19 | ||||||||||||||||||||||||||||||
Claims for Special Attention |
316,390 | 0.94 | 188 | 0.02 | 8,571 | 0.03 | 316,202 | 0.91 | 307,818 | 0.90 | ||||||||||||||||||||||||||||||
Sub-total |
817,216 | 2.43 | 18,456 | 0.12 | (23,075 | ) | (0.03 | ) | 798,759 | 2.30 | 840,292 | 2.46 | ||||||||||||||||||||||||||||
Normal Claims |
32,770,892 | 97.56 | (1,050,441 | ) | (0.12 | ) | (439,597 | ) | 0.03 | 33,821,333 | 97.69 | 33,210,489 | 97.53 | |||||||||||||||||||||||||||
Total |
33,588,108 | 100.00 | (1,031,985 | ) | (462,673 | ) | 34,620,093 | 100.00 | 34,050,781 | 100.00 | ||||||||||||||||||||||||||||||
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 |
169,961 | (29,577 | ) | (78,480 | ) | 199,538 | 248,442 | |||||||||||||||||||||||||||||||||
Mizuho Corporate Bank
|
|
|||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
25,182 | 0.07 | (5,674 | ) | (0.01 | ) | 12,349 | 0.03 | 30,857 | 0.09 | 12,833 | 0.04 | ||||||||||||||||||||||||||||
Claims with Collection Risk |
95,839 | 0.28 | (18,600 | ) | (0.05 | ) | (144 | ) | (0.02 | ) | 114,439 | 0.34 | 95,983 | 0.31 | ||||||||||||||||||||||||||
Claims for Special Attention |
155,163 | 0.46 | 427 | (0.00 | ) | 5,053 | (0.02 | ) | 154,736 | 0.46 | 150,110 | 0.48 | ||||||||||||||||||||||||||||
Sub-total |
276,185 | 0.82 | (23,847 | ) | (0.07 | ) | 17,258 | (0.01 | ) | 300,033 | 0.90 | 258,927 | 0.83 | |||||||||||||||||||||||||||
Normal Claims |
33,073,805 | 99.17 | 209,485 | 0.07 | 2,500,586 | 0.01 | 32,864,320 | 99.09 | 30,573,219 | 99.16 | ||||||||||||||||||||||||||||||
Total |
33,349,991 | 100.00 | 185,637 | 2,517,845 | 33,164,353 | 100.00 | 30,832,146 | 100.00 | ||||||||||||||||||||||||||||||||
Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | ||||||||||||||||||||||||||||||||||||||||
Amount of Partial Direct Write-offs |
86,932 | (1,266 | ) | (12,571 | ) | 88,198 | 99,503 | |||||||||||||||||||||||||||||||||
Mizuho Trust & Banking
(Banking Account)
|
||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
30,161 | 0.83 | (661 | ) | (0.06 | ) | (7,501 | ) | (0.24 | ) | 30,823 | 0.90 | 37,662 | 1.08 | ||||||||||||||||||||||||||
Claims with Collection Risk |
16,127 | 0.44 | (745 | ) | (0.04 | ) | 1,999 | 0.04 | 16,872 | 0.49 | 14,127 | 0.40 | ||||||||||||||||||||||||||||
Claims for Special Attention |
7,389 | 0.20 | (8,681 | ) | (0.26 | ) | (4,590 | ) | (0.14 | ) | 16,070 | 0.47 | 11,979 | 0.34 | ||||||||||||||||||||||||||
Sub-total |
53,678 | 1.49 | (10,088 | ) | (0.38 | ) | (10,092 | ) | (0.35 | ) | 63,766 | 1.87 | 63,770 | 1.84 | ||||||||||||||||||||||||||
Normal Claims |
3,544,237 | 98.50 | 211,204 | 0.38 | 146,995 | 0.35 | 3,333,033 | 98.12 | 3,397,242 | 98.15 | ||||||||||||||||||||||||||||||
Total |
3,597,916 | 100.00 | 201,115 | 136,903 | 3,396,800 | 100.00 | 3,461,012 | 100.00 | ||||||||||||||||||||||||||||||||
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 |
6,835 | (2 | ) | (5,184 | ) | 6,837 | 12,019 | |||||||||||||||||||||||||||||||||
(Trust Account)
|
||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Claims with Collection Risk |
3,069 | 13.33 | (8 | ) | 0.67 | (17 | ) | 1.11 | 3,078 | 12.66 | 3,086 | 12.21 | ||||||||||||||||||||||||||||
Claims for Special Attention |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Sub-total |
3,069 | 13.33 | (8 | ) | 0.67 | (17 | ) | 1.11 | 3,078 | 12.66 | 3,086 | 12.21 | ||||||||||||||||||||||||||||
Normal Claims |
19,951 | 86.66 | (1,281 | ) | (0.67 | ) | (2,232 | ) | (1.11 | ) | 21,232 | 87.33 | 22,183 | 87.78 | ||||||||||||||||||||||||||
Total |
23,020 | 100.00 | (1,290 | ) | (2,249 | ) | 24,310 | 100.00 | 25,270 | 100.00 |
* | Trust account denotes trust accounts with contracts indemnifying the principal amounts. |
26
Mizuho Financial Group, Inc.
5. Coverage on Disclosed Claims under the FRL
Non-Consolidated
(1) Disclosed Claims under the FRL and Coverage Amount
Aggregated Figures of the 3 Banks (Banking Account)
(Billions of yen) | ||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
143.6 | (13.4 | ) | (32.1 | ) | 157.0 | 175.8 | |||||||||||||
Collateral, Guarantees, and equivalent |
124.2 | (9.6 | ) | (35.1 | ) | 133.8 | 159.3 | |||||||||||||
Reserve for Possible Losses |
19.4 | (3.8 | ) | 2.9 | 23.2 | 16.4 | ||||||||||||||
Claims with Collection Risk |
524.4 | 6.0 | 7.2 | 518.4 | 517.2 | |||||||||||||||
Collateral, Guarantees, and equivalent |
284.0 | 13.6 | (14.2 | ) | 270.3 | 298.2 | ||||||||||||||
Reserve for Possible Losses |
154.0 | (6.3 | ) | 10.8 | 160.3 | 143.1 | ||||||||||||||
Claims for Special Attention |
478.9 | (8.0 | ) | 9.0 | 487.0 | 469.9 | ||||||||||||||
Collateral, Guarantees, and equivalent |
151.8 | 8.6 | 39.8 | 143.1 | 111.9 | |||||||||||||||
Reserve for Possible Losses |
95.0 | (7.5 | ) | (9.1 | ) | 102.5 | 104.2 | |||||||||||||
Total |
1,147.0 | (15.4 | ) | (15.9 | ) | 1,162.5 | 1,162.9 | |||||||||||||
Collateral, Guarantees, and equivalent |
560.0 | 12.6 | (9.5 | ) | 547.4 | 569.5 | ||||||||||||||
Reserve for Possible Losses |
268.4 | (17.6 | ) | 4.6 | 286.1 | 263.8 | ||||||||||||||
Mizuho Bank
|
| |||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
88.3 | (7.0 | ) | (37.0 | ) | 95.4 | 125.3 | |||||||||||||
Collateral, Guarantees, and equivalent |
84.4 | (7.8 | ) | (37.1 | ) | 92.3 | 121.6 | |||||||||||||
Reserve for Possible Losses |
3.8 | 0.7 | 0.1 | 3.0 | 3.7 | |||||||||||||||
Claims with Collection Risk |
412.5 | 25.3 | 5.3 | 387.1 | 407.1 | |||||||||||||||
Collateral, Guarantees, and equivalent |
243.0 | 21.8 | (2.6 | ) | 221.2 | 245.6 | ||||||||||||||
Reserve for Possible Losses |
103.9 | 2.4 | 2.1 | 101.4 | 101.7 | |||||||||||||||
Claims for Special Attention |
316.3 | 0.1 | 8.5 | 316.2 | 307.8 | |||||||||||||||
Collateral, Guarantees, and equivalent |
102.3 | (3.6 | ) | 10.8 | 105.9 | 91.4 | ||||||||||||||
Reserve for Possible Losses |
59.8 | 0.2 | (2.2 | ) | 59.6 | 62.0 | ||||||||||||||
Total |
817.2 | 18.4 | (23.0 | ) | 798.7 | 840.2 | ||||||||||||||
Collateral, Guarantees, and equivalent |
429.8 | 10.2 | (28.9 | ) | 419.5 | 458.8 | ||||||||||||||
Reserve for Possible Losses |
167.6 | 3.4 | 0.0 | 164.1 | 167.5 | |||||||||||||||
Mizuho Corporate Bank
|
| |||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
25.1 | (5.6 | ) | 12.3 | 30.8 | 12.8 | ||||||||||||||
Collateral, Guarantees, and equivalent |
21.8 | (1.0 | ) | 9.7 | 22.9 | 12.1 | ||||||||||||||
Reserve for Possible Losses |
3.3 | (4.6 | ) | 2.5 | 7.9 | 0.7 | ||||||||||||||
Claims with Collection Risk |
95.8 | (18.6 | ) | (0.1 | ) | 114.4 | 95.9 | |||||||||||||
Collateral, Guarantees, and equivalent |
31.7 | (7.0 | ) | (11.1 | ) | 38.7 | 42.9 | |||||||||||||
Reserve for Possible Losses |
44.0 | (9.2 | ) | 6.3 | 53.2 | 37.6 | ||||||||||||||
Claims for Special Attention |
155.1 | 0.4 | 5.0 | 154.7 | 150.1 | |||||||||||||||
Collateral, Guarantees, and equivalent |
46.8 | 13.5 | 29.4 | 33.3 | 17.3 | |||||||||||||||
Reserve for Possible Losses |
33.9 | (6.3 | ) | (6.2 | ) | 40.2 | 40.1 | |||||||||||||
Total |
276.1 | (23.8 | ) | 17.2 | 300.0 | 258.9 | ||||||||||||||
Collateral, Guarantees, and equivalent |
100.4 | 5.4 | 28.1 | 95.0 | 72.3 | |||||||||||||||
Reserve for Possible Losses |
81.2 | (20.1 | ) | 2.6 | 101.4 | 78.5 | ||||||||||||||
Mizuho Trust & Banking
|
| |||||||||||||||||||
(Banking Account)
|
||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
30.1 | (0.6 | ) | (7.5 | ) | 30.8 | 37.6 | |||||||||||||
Collateral, Guarantees, and equivalent |
17.9 | (0.6 | ) | (7.7 | ) | 18.5 | 25.6 | |||||||||||||
Reserve for Possible Losses |
12.2 | (0.0 | ) | 0.1 | 12.2 | 12.0 | ||||||||||||||
Claims with Collection Risk |
16.1 | (0.7 | ) | 1.9 | 16.8 | 14.1 | ||||||||||||||
Collateral, Guarantees, and equivalent |
9.1 | (1.2 | ) | (0.4 | ) | 10.3 | 9.6 | |||||||||||||
Reserve for Possible Losses |
6.0 | 0.4 | 2.4 | 5.6 | 3.6 | |||||||||||||||
Claims for Special Attention |
7.3 | (8.6 | ) | (4.5 | ) | 16.0 | 11.9 | |||||||||||||
Collateral, Guarantees, and equivalent |
2.6 | (1.1 | ) | (0.4 | ) | 3.8 | 3.1 | |||||||||||||
Reserve for Possible Losses |
1.2 | (1.4 | ) | (0.7 | ) | 2.6 | 1.9 | |||||||||||||
Total |
53.6 | (10.0 | ) | (10.0 | ) | 63.7 | 63.7 | |||||||||||||
Collateral, Guarantees, and equivalent |
29.7 | (3.0 | ) | (8.6 | ) | 32.7 | 38.3 | |||||||||||||
Reserve for Possible Losses |
19.5 | (0.9 | ) | 1.8 | 20.5 | 17.6 | ||||||||||||||
(Reference) Trust Account
|
| |||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
| | | | | |||||||||||||||
Collateral, Guarantees, and equivalent |
| | | | | |||||||||||||||
Claims with Collection Risk |
3.0 | (0.0 | ) | (0.0 | ) | 3.0 | 3.0 | |||||||||||||
Collateral, Guarantees, and equivalent |
3.0 | (0.0 | ) | (0.0 | ) | 3.0 | 3.0 | |||||||||||||
Claims for Special Attention |
| | | | | |||||||||||||||
Collateral, Guarantees, and equivalent |
| | | | | |||||||||||||||
Total |
3.0 | (0.0 | ) | (0.0 | ) | 3.0 | 3.0 | |||||||||||||
Collateral, Guarantees, and equivalent |
3.0 | (0.0 | ) | (0.0 | ) | 3.0 | 3.0 |
* | Trust account denotes trust accounts with contracts indemnifying the principal amounts. |
27
Mizuho Financial Group, Inc.
(2) Coverage Ratio
Aggregated Figures of the 3 Banks (Banking Account)
(Billions of yen) | ||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Coverage Amount |
828.5 | (5.0 | ) | (4.8 | ) | 833.5 | 833.3 | |||||||||||||
Reserves for Possible Losses on Loans |
268.4 | (17.6 | ) | 4.6 | 286.1 | 263.8 | ||||||||||||||
Collateral, Guarantees, and equivalent |
560.0 | 12.6 | (9.5 | ) | 547.4 | 569.5 | ||||||||||||||
(%) | ||||||||||||||||||||
Coverage Ratio |
72.3 | 0.5 | 0.5 | 71.7 | 71.7 | |||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
100.0 | | | 100.0 | 100.0 | |||||||||||||||
Claims with Collection Risk |
83.5 | 0.4 | (1.8 | ) | 83.0 | 85.3 | ||||||||||||||
Claims for Special Attention |
51.5 | 1.0 | 5.5 | 50.4 | 46.0 | |||||||||||||||
Claims against Special Attention Obligors |
53.0 | 1.1 | 4.1 | 51.8 | 48.8 | |||||||||||||||
Reserve Ratio against Non-collateralized Claims |
| |||||||||||||||||||
(%) | ||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
100.0 | | | 100.0 | 100.0 | |||||||||||||||
Claims with Collection Risk |
64.0 | (0.5 | ) | (1.3 | ) | 64.6 | 65.3 | |||||||||||||
Claims for Special Attention |
29.0 | (0.7 | ) | (0.0 | ) | 29.8 | 29.1 | |||||||||||||
Claims against Special Attention Obligors |
29.9 | (0.7 | ) | (0.3 | ) | 30.6 | 30.3 | |||||||||||||
(Reference) Reserve Ratio |
| |||||||||||||||||||
(%) | ||||||||||||||||||||
Claims against Special Attention Obligors |
20.08 | (1.20 | ) | (2.17 | ) | 21.28 | 22.25 | |||||||||||||
Claims against Watch Obligors excluding Special Attention Obligors |
4.38 | (0.29 | ) | 0.15 | 4.68 | 4.23 | ||||||||||||||
Claims against Normal Obligors |
0.12 | (0.00 | ) | (0.05 | ) | 0.12 | 0.17 | |||||||||||||
Mizuho Bank |
||||||||||||||||||||
(Billions of yen) | ||||||||||||||||||||
Coverage Amount |
597.4 | 13.7 | (28.8 | ) | 583.7 | 626.3 | ||||||||||||||
Reserves for Possible Losses on Loans |
167.6 | 3.4 | 0.0 | 164.1 | 167.5 | |||||||||||||||
Collateral, Guarantees, and equivalent |
429.8 | 10.2 | (28.9 | ) | 419.5 | 458.8 | ||||||||||||||
(%) | ||||||||||||||||||||
Coverage Ratio |
73.1 | 0.0 | (1.4 | ) | 73.0 | 74.5 | ||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
100.0 | | | 100.0 | 100.0 | |||||||||||||||
Claims with Collection Risk |
84.1 | 0.7 | (1.2 | ) | 83.3 | 85.3 | ||||||||||||||
Claims for Special Attention |
51.2 | (1.1 | ) | 1.3 | 52.3 | 49.8 | ||||||||||||||
Claims against Special Attention Obligors |
53.3 | (0.2 | ) | 0.6 | 53.6 | 52.7 | ||||||||||||||
Reserve Ratio against Non-collateralized Claims |
| |||||||||||||||||||
(%) | ||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
100.0 | | | 100.0 | 100.0 | |||||||||||||||
Claims with Collection Risk |
61.3 | 0.1 | (1.7 | ) | 61.1 | 63.0 | ||||||||||||||
Claims for Special Attention |
27.9 | (0.4 | ) | (0.7 | ) | 28.3 | 28.6 | |||||||||||||
Claims against Special Attention Obligors |
28.4 | (0.1 | ) | (1.0 | ) | 28.6 | 29.5 | |||||||||||||
(Reference) Reserve Ratio |
| |||||||||||||||||||
(%) | ||||||||||||||||||||
Claims against Special Attention Obligors |
18.57 | (0.02 | ) | (1.21 | ) | 18.59 | 19.79 | |||||||||||||
Claims against Watch Obligors excluding Special Attention Obligors |
3.61 | (0.57 | ) | (0.30 | ) | 4.19 | 3.92 | |||||||||||||
Claims against Normal Obligors |
0.16 | 0.00 | (0.03 | ) | 0.16 | 0.19 | ||||||||||||||
Mizuho Corporate Bank | ||||||||||||||||||||
(Billions of yen) | ||||||||||||||||||||
Coverage Amount |
181.7 | (14.7 | ) | 30.7 | 196.5 | 150.9 | ||||||||||||||
Reserves for Possible Losses on Loans |
81.2 | (20.1 | ) | 2.6 | 101.4 | 78.5 | ||||||||||||||
Collateral, Guarantees, and equivalent |
100.4 | 5.4 | 28.1 | 95.0 | 72.3 | |||||||||||||||
(%) | ||||||||||||||||||||
Coverage Ratio |
65.8 | 0.3 | 7.5 | 65.4 | 58.3 | |||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
100.0 | | | 100.0 | 100.0 | |||||||||||||||
Claims with Collection Risk |
79.0 | (1.3 | ) | (4.8 | ) | 80.4 | 83.9 | |||||||||||||
Claims for Special Attention |
52.0 | 4.4 | 13.7 | 47.5 | 38.3 | |||||||||||||||
Claims against Special Attention Obligors |
52.3 | 2.3 | 10.2 | 50.0 | 42.1 | |||||||||||||||
Reserve Ratio against Non-collateralized Claims |
| |||||||||||||||||||
(%) | ||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
100.0 | | | 100.0 | 100.0 | |||||||||||||||
Claims with Collection Risk |
68.6 | (1.6 | ) | (2.2 | ) | 70.3 | 70.9 | |||||||||||||
Claims for Special Attention |
31.3 | (1.8 | ) | 1.0 | 33.1 | 30.2 | ||||||||||||||
Claims against Special Attention Obligors |
33.0 | (2.4 | ) | 0.7 | 35.4 | 32.3 | ||||||||||||||
(Reference) Reserve Ratio |
| |||||||||||||||||||
(%) | ||||||||||||||||||||
Claims against Special Attention Obligors |
23.54 | (3.93 | ) | (4.13 | ) | 27.48 | 27.68 | |||||||||||||
Claims against Watch Obligors excluding Special Attention Obligors |
5.15 | (0.24 | ) | 0.43 | 5.39 | 4.72 | ||||||||||||||
Claims against Normal Obligors |
0.09 | (0.00 | ) | (0.06 | ) | 0.09 | 0.15 |
28
Mizuho Financial Group, Inc.
Mizuho Trust & Banking (Banking Account)
(Billions of yen) | ||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Coverage Amount |
49.2 | (3.9 | ) | (6.7 | ) | 53.2 | 56.0 | |||||||||||||
Reserves for Possible Losses on Loans |
19.5 | (0.9 | ) | 1.8 | 20.5 | 17.6 | ||||||||||||||
Collateral, Guarantees, and equivalent |
29.7 | (3.0 | ) | (8.6 | ) | 32.7 | 38.3 | |||||||||||||
(%) | ||||||||||||||||||||
Coverage Ratio |
91.8 | 8.2 | 3.9 | 83.5 | 87.9 | |||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
100.0 | | | 100.0 | 100.0 | |||||||||||||||
Claims with Collection Risk |
94.5 | (0.2 | ) | 0.3 | 94.7 | 94.2 | ||||||||||||||
Claims for Special Attention |
52.6 | 12.2 | 10.0 | 40.3 | 42.5 | |||||||||||||||
Claims against Special Attention Obligors |
52.8 | 16.1 | 12.8 | 36.6 | 39.9 | |||||||||||||||
Reserve Ratio against Non-collateralized Claims |
| |||||||||||||||||||
(%) | ||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
100.0 | | | 100.0 | 100.0 | |||||||||||||||
Claims with Collection Risk |
87.3 | 0.9 | 5.4 | 86.4 | 81.9 | |||||||||||||||
Claims for Special Attention |
25.7 | 4.2 | 3.7 | 21.5 | 22.0 | |||||||||||||||
Claims against Special Attention Obligors |
25.8 | 5.2 | 4.4 | 20.5 | 21.3 | |||||||||||||||
(Reference) Reserve Ratio |
||||||||||||||||||||
(%) | ||||||||||||||||||||
Claims against Special Attention Obligors |
16.41 | 0.04 | 0.12 | 16.37 | 16.29 | |||||||||||||||
Claims against Watch Obligors excluding Special Attention Obligors |
4.83 | (0.29 | ) | 0.55 | 5.13 | 4.28 | ||||||||||||||
Claims against Normal Obligors |
0.11 | (0.01 | ) | (0.08 | ) | 0.12 | 0.19 |
29
Mizuho Financial Group, Inc.
6. Overview of Non-Performing Loans (NPLs)
Non-Consolidated
Aggregated Figures of the 3 Banks (Banking Account)
Notes: 1. | Claims for Special Attention is denoted on an individual loans basis. |
Claims against Special Attention Obligors includes all claims, not limited to Claims for Special Attention. |
2. | The difference between total Non-Accrual, Past Due & Restructured Loans and total Disclosed Claims under the FRL represents the amount of claims other than loans included in Disclosed Claims under the FRL. |
30
Mizuho Financial Group, Inc.
7. Results of Removal of NPLs from the Balance Sheet
Non-Consolidated
(1) Outstanding Balance of Claims against Bankrupt and Substantially Bankrupt Obligors and Claims with Collection Risk (under the FRL)
Aggregated Figures of the 3 Banks (Banking Account + Trust Account)
(Billions of yen) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fiscal 2009 | Fiscal 2010 | Fiscal 2011 | Fiscal 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Up to First Half of Fiscal 2009 |
As of March 31, 2010 |
As of September 30, 2010 |
As of March 31, 2011 |
As of September 30, 2011 |
As of March 31, 2012 |
As of September 30, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregated Figures of the 3 Banks |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mizuho Bank |
Mizuho Corporate Bank |
Mizuho Trust & Banking |
Change from March 31, 2012 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
2,745.9 | 222.3 | 189.0 | 145.3 | 106.8 | 84.4 | 39.7 | 5.5 | 28.0 | 73.3 | (11.1 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Claims with Collection Risk |
9,380.2 | 458.5 | 345.9 | 196.2 | 158.9 | 142.3 | 99.5 | 14.2 | 5.7 | 119.5 | (22.8 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Amount Categorized as above up to First Half of Fiscal 2009 |
12,126.2 | 680.9 | 534.9 | 341.6 | 265.8 | 226.8 | 139.3 | 19.7 | 33.7 | 192.8 | (33.9 | ) | ||||||||||||||||||||||||||||||||||||||||||||
of which the amount which was in the process of being removed from the balance sheet |
1,334.5 | 163.7 | 138.6 | 101.9 | 68.9 | 48.9 | 33.3 | 4.5 | 0.3 | 38.2 | (10.6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
35.7 | 24.8 | 29.3 | 19.1 | 6.4 | 4.6 | 0.6 | 0.4 | 5.7 | (0.6 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Claims with Collection Risk |
173.4 | 124.4 | 87.6 | 56.6 | 53.1 | 39.0 | 5.8 | 0.3 | 45.2 | (7.9 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Amount Newly Categorized as above during the Second Half of Fiscal 2009 |
209.1 | 149.3 | 117.0 | 75.7 | 59.5 | 43.6 | 6.5 | 0.8 | 51.0 | (8.5 | ) | |||||||||||||||||||||||||||||||||||||||||||||
of which the amount which was in the process of being removed from the balance sheet |
32.0 | 21.9 | 20.0 | 12.2 | 6.4 | 4.6 | | 0.4 | 5.0 | (1.3 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
31.9 | 24.8 | 13.1 | 7.3 | 6.2 | | 0.2 | 6.5 | (0.7 | ) | ||||||||||||||||||||||||||||||||||||||||||||||
Claims with Collection Risk |
140.6 | 86.7 | 59.6 | 52.9 | 38.8 | 0.5 | 0.2 | 39.6 | (13.3 | ) | ||||||||||||||||||||||||||||||||||||||||||||||
Amount Newly Categorized as above during the First Half of Fiscal 2010 |
172.5 | 111.6 | 72.8 | 60.3 | 45.1 | 0.5 | 0.5 | 46.2 | (14.1 | ) | ||||||||||||||||||||||||||||||||||||||||||||||
of which the amount which was in the process of being removed from the balance sheet |
28.8 | 24.7 | 13.1 | 7.3 | 6.2 | | 0.2 | 6.5 | (0.7 | ) | ||||||||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
31.8 | 13.9 | 12.7 | 5.6 | | 0.2 | 5.9 | (6.7 | ) | |||||||||||||||||||||||||||||||||||||||||||||||
Claims with Collection Risk |
182.5 | 110.3 | 81.1 | 46.3 | 22.7 | 3.1 | 72.3 | (8.7 | ) | |||||||||||||||||||||||||||||||||||||||||||||||
Amount Newly Categorized as above during the Second Half of Fiscal 2010 |
214.4 | 124.3 | 93.8 | 52.0 | 22.7 | 3.4 | 78.3 | (15.5 | ) | |||||||||||||||||||||||||||||||||||||||||||||||
of which the amount which was in the process of being removed from the balance sheet |
30.5 | 13.8 | 8.8 | 5.6 | | 0.2 | 5.9 | (2.8 | ) | |||||||||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
22.7 | 13.9 | 11.3 | 0.1 | 0.1 | 11.6 | (2.2 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Claims with Collection Risk |
134.7 | 81.1 | 48.2 | 3.2 | 0.3 | 51.8 | (29.3 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Amount Newly Categorized as above during the First Half of Fiscal 2011 |
157.4 | 95.1 | 59.5 | 3.4 | 0.5 | 63.5 | (31.5 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
of which the amount which was in the process of being removed from the balance sheet |
22.7 | 11.1 | 7.7 | 0.1 | 0.1 | 8.1 | (3.0 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
32.0 | 5.9 | 17.3 | 0.4 | 23.7 | (8.2 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||
Claims with Collection Risk |
110.7 | 48.6 | 24.6 | 4.0 | 77.2 | (33.5 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||
Amount Newly Categorized as above during the Second Half of Fiscal 2011 |
142.8 | 54.5 | 41.9 | 4.4 | 101.0 | (41.8 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||
of which the amount which was in the process of being removed from the balance sheet |
30.8 | 5.9 | 16.2 | 0.4 | 22.6 | (8.2 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
14.6 | 1.4 | 0.4 | 16.5 | 16.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Claims with Collection Risk |
91.8 | 24.5 | 5.2 | 121.6 | 121.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Amount Newly Categorized as above during the First Half of Fiscal 2012 |
106.4 | 25.9 | 5.7 | 138.1 | 138.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||
of which the amount which was in the process of being removed from the balance sheet |
12.5 | 1.4 | 0.4 | 14.4 | 14.4 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Claims against Bankrupt and Substantially Bankrupt Obligors |
258.0 | 245.8 | 231.4 | 175.8 | 157.0 | 88.3 | 25.1 | 30.1 | 143.6 | (13.4 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Claims with Collection Risk |
632.0 | 611.0 | 553.2 | 520.3 | 521.5 | 412.5 | 95.8 | 19.1 | 527.5 | 6.0 | ||||||||||||||||||||||||||||||||||||||||||||||
Total |
890.1 | 856.9 | 784.6 | 696.1 | 678.6 | 500.8 | 121.0 | 49.3 | 671.2 | (7.4 | ) | |||||||||||||||||||||||||||||||||||||||||||||
of which the amount which was in the process of being removed from the balance sheet |
195.8 | 189.4 | 177.3 | 131.0 | 113.6 | 76.3 | 22.3 | 2.4 | 101.1 | (12.5 | ) |
* | Trust account denotes trust accounts with contracts indemnifying the principal amounts. |
* | ¨ denotes newly categorized amounts. |
(2) Progress in Removal of NPLs from the Balance Sheet (Accumulated Removal Amount and Removal Ratio)
Aggregated Figures of the 3 Banks (Banking Account + Trust Account)
(Billions of yen) | (%) | (%) | ||||||||||||||||||
Amount Newly Categorized |
Balance as of September 30, 2012 |
Accumulated Removal Amount |
Accumulated Removal Ratio |
Modified Accumulated Removal Ratio* |
||||||||||||||||
Up to First Half of Fiscal 2009 |
12,126.2 | 192.8 | 11,933.3 | 98.4 | 98.7 | |||||||||||||||
Second Half of Fiscal 2009 |
209.1 | 51.0 | 158.1 | 75.6 | 78.0 | |||||||||||||||
First Half of Fiscal 2010 |
172.5 | 46.2 | 126.3 | 73.2 | 77.0 | |||||||||||||||
Second Half of Fiscal 2010 |
214.4 | 78.3 | 136.0 | 63.4 | 66.2 | |||||||||||||||
First Half of Fiscal 2011 |
157.4 | 63.5 | 93.9 | 59.6 | 64.8 | |||||||||||||||
Second Half of Fiscal 2011 |
142.8 | 101.0 | 41.8 | 29.2 | 45.1 | |||||||||||||||
First Half of Fiscal 2012 |
138.1 | 138.1 | ||||||||||||||||||
Total |
13,160.9 | 671.2 | 12,489.7 |
* | Modified accumulated removal ratios are based on the accumulated removal amount including the amount which was in the process of being removed from the balance sheet. |
31
Mizuho Financial Group, Inc.
(3) Breakdown of Reasons for Removal of NPLs from the Balance Sheet in the First Half of Fiscal 2012
Aggregated Figures of the 3 Banks (Banking Account + Trust Account)
(Billions of yen) | ||||||||||||||||||||||||||||
Newly Categorized | Amount Removed from B/S in the First Half of Fiscal 2012 |
|||||||||||||||||||||||||||
Fiscal 2009 | Fiscal 2010 | Fiscal 2011 | ||||||||||||||||||||||||||
Up to First Half |
Second Half | First Half | Second Half | First Half | Second Half | |||||||||||||||||||||||
Liquidation |
(7.9 | ) | (0.2 | ) | (1.9 | ) | (2.0 | ) | (1.1 | ) | (0.0 | ) | (13.4 | ) | ||||||||||||||
Restructuring |
(0.4 | ) | | | | | | (0.4 | ) | |||||||||||||||||||
Improvement in Business Performance due to Restructuring |
(0.3 | ) | | | | (0.0 | ) | | (0.3 | ) | ||||||||||||||||||
Loan Sales |
(23.9 | ) | (2.5 | ) | (2.1 | ) | (2.2 | ) | (3.2 | ) | (9.9 | ) | (44.1 | ) | ||||||||||||||
Direct Write-off |
32.3 | 1.8 | 3.2 | (0.1 | ) | (2.4 | ) | (2.5 | ) | 32.2 | ||||||||||||||||||
Other |
(28.5 | ) | (7.6 | ) | (13.2 | ) | (11.0 | ) | (24.6 | ) | (34.3 | ) | (119.5 | ) | ||||||||||||||
Debt recovery |
(19.5 | ) | (4.5 | ) | (8.3 | ) | (6.6 | ) | (11.8 | ) | (14.2 | ) | (65.1 | ) | ||||||||||||||
Improvement in Business Performance |
(8.9 | ) | (3.0 | ) | (4.9 | ) | (4.3 | ) | (12.8 | ) | (20.0 | ) | (54.3 | ) | ||||||||||||||
Total |
(28.8 | ) | (8.5 | ) | (14.1 | ) | (15.5 | ) | (31.5 | ) | (46.9 | ) | (145.6 | ) | ||||||||||||||
Mizuho Bank
|
| |||||||||||||||||||||||||||
Liquidation |
(7.9 | ) | (0.2 | ) | (1.9 | ) | (2.0 | ) | (1.1 | ) | (0.0 | ) | (13.4 | ) | ||||||||||||||
Restructuring |
(0.4 | ) | | | | | | (0.4 | ) | |||||||||||||||||||
Improvement in Business Performance due to Restructuring |
| | | | | | | |||||||||||||||||||||
Loan Sales |
(23.9 | ) | (2.5 | ) | (2.1 | ) | (1.1 | ) | (0.4 | ) | | (30.2 | ) | |||||||||||||||
Direct Write-off |
27.4 | 1.1 | 3.2 | 2.3 | (2.7 | ) | (2.2 | ) | 29.2 | |||||||||||||||||||
Other |
(18.4 | ) | (6.7 | ) | (8.1 | ) | (5.7 | ) | (16.2 | ) | (18.0 | ) | (73.3 | ) | ||||||||||||||
Debt recovery |
(9.5 | ) | (3.6 | ) | (3.2 | ) | (1.3 | ) | (6.1 | ) | (11.3 | ) | (35.3 | ) | ||||||||||||||
Improvement in Business Performance |
(8.9 | ) | (3.0 | ) | (4.9 | ) | (4.3 | ) | (10.1 | ) | (6.6 | ) | (38.0 | ) | ||||||||||||||
Total |
(23.2 | ) | (8.4 | ) | (8.9 | ) | (6.5 | ) | (20.5 | ) | (20.3 | ) | (88.1 | ) | ||||||||||||||
Mizuho Corporate Bank
|
| |||||||||||||||||||||||||||
Liquidation |
| | | | | | | |||||||||||||||||||||
Restructuring |
| | | | | | | |||||||||||||||||||||
Improvement in Business Performance due to Restructuring |
(0.3 | ) | | | | | | (0.3 | ) | |||||||||||||||||||
Loan Sales |
(0.0 | ) | | | (1.1 | ) | (2.8 | ) | (9.9 | ) | (13.9 | ) | ||||||||||||||||
Direct Write-off |
4.8 | 0.7 | 0.0 | (2.3 | ) | 0.3 | (0.2 | ) | 3.2 | |||||||||||||||||||
Other |
(9.0 | ) | (0.7 | ) | (0.1 | ) | (5.1 | ) | (8.3 | ) | (15.8 | ) | (39.2 | ) | ||||||||||||||
Debt recovery |
(9.0 | ) | (0.7 | ) | (0.1 | ) | (5.1 | ) | (5.7 | ) | (2.5 | ) | (23.3 | ) | ||||||||||||||
Improvement in Business Performance |
| | | | (2.6 | ) | (13.2 | ) | (15.9 | ) | ||||||||||||||||||
Total |
(4.5 | ) | (0.0 | ) | (0.1 | ) | (8.6 | ) | (10.8 | ) | (26.0 | ) | (50.2 | ) | ||||||||||||||
Mizuho Trust & Banking (Banking Account + Trust Account)
|
| |||||||||||||||||||||||||||
Liquidation |
| | | | | | | |||||||||||||||||||||
Restructuring |
| | | | | | | |||||||||||||||||||||
Improvement in Business Performance due to Restructuring |
| | | | (0.0 | ) | | (0.0 | ) | |||||||||||||||||||
Loan Sales |
| | | | | | | |||||||||||||||||||||
Direct Write-off |
| (0.0 | ) | | (0.1 | ) | (0.0 | ) | | (0.2 | ) | |||||||||||||||||
Other |
(1.0 | ) | (0.1 | ) | (4.9 | ) | (0.1 | ) | (0.0 | ) | (0.4 | ) | (6.9 | ) | ||||||||||||||
Debt recovery |
(0.9 | ) | (0.1 | ) | (4.9 | ) | (0.1 | ) | (0.0 | ) | (0.2 | ) | (6.5 | ) | ||||||||||||||
Improvement in Business Performance |
(0.0 | ) | (0.0 | ) | (0.0 | ) | (0.0 | ) | (0.0 | ) | (0.1 | ) | (0.4 | ) | ||||||||||||||
Total |
(1.0 | ) | (0.1 | ) | (4.9 | ) | (0.3 | ) | (0.1 | ) | (0.4 | ) | (7.1 | ) |
(Reference) Breakdown of Accumulated Amount Removed from the Balance Sheet
Aggregated Figures of the 3 Banks (Banking Account + Trust Account)
(Billions of yen) | ||||||||||||||||||||||||||||
Amount Removed | Accumulated Removed Amount from B/S since Second Half of Fiscal 2001 |
|||||||||||||||||||||||||||
Up to Second Half of Fiscal 2009* |
In First Half of Fiscal 2010 |
In Second Half of Fiscal 2010 |
In First Half of Fiscal 2011 |
In Second Half of Fiscal 2011 |
In First Half of Fiscal 2012 |
|||||||||||||||||||||||
Liquidation |
(1,671.2 | ) | (19.2 | ) | (52.2 | ) | (17.9 | ) | (48.4 | ) | (13.4 | ) | (1,822.4 | ) | ||||||||||||||
Restructuring |
(1,865.1 | ) | (12.8 | ) | (76.2 | ) | (11.9 | ) | (11.0 | ) | (0.4 | ) | (1,977.5 | ) | ||||||||||||||
Improvement in Business Performance due to Restructuring |
(184.7 | ) | (0.1 | ) | (0.1 | ) | (6.5 | ) | (0.0 | ) | (0.3 | ) | (191.9 | ) | ||||||||||||||
Loan Sales |
(4,443.8 | ) | (72.3 | ) | (43.1 | ) | (9.2 | ) | (16.1 | ) | (44.1 | ) | (4,628.8 | ) | ||||||||||||||
Direct Write-off |
3,397.2 | 68.2 | 78.8 | 18.1 | 53.4 | 32.2 | 3,648.2 | |||||||||||||||||||||
Other |
(6,677.4 | ) | (169.3 | ) | (193.8 | ) | (218.6 | ) | (138.2 | ) | (119.5 | ) | (7,516.9 | ) | ||||||||||||||
Debt recovery |
(109.7 | ) | (161.8 | ) | (76.2 | ) | (48.8 | ) | (65.1 | ) | ||||||||||||||||||
Improvement in Business Performance |
(59.6 | ) | (32.0 | ) | (142.3 | ) | (89.4 | ) | (54.3 | ) | ||||||||||||||||||
Total |
(11,445.3 | ) | (205.8 | ) | (286.6 | ) | (245.9 | ) | (160.3 | ) | (145.6 | ) | (12,489.7 | ) |
* | From the Second Half of Fiscal 2001 to the Second Half of Fiscal 2009. |
32
Mizuho Financial Group, Inc.
8. Status of Loans by Industry
(1) Outstanding Balances and Non-Accrual, Past Due & Restructured Loans by Industry
Non-Consolidated
Aggregated Figures of the 3 Banks (Banking Account + Trust Account)
(Billions of yen) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 | As of September 30, 2011 | ||||||||||||||||||||||||||||||||||||||
Change from March 31, 2012 | Change from September 30, 2011 | |||||||||||||||||||||||||||||||||||||||
Outstanding Balance |
Non-Accrual, Past Due & Restructured Loans |
Outstanding Balance |
Non-Accrual, Past Due & Restructured Loans |
Outstanding Balance |
Non-Accrual, Past Due & Restructured Loans |
Outstanding Balance |
Non-Accrual, Past Due & Restructured Loans |
Outstanding Balance |
Non-Accrual, Past Due & Restructured Loans |
|||||||||||||||||||||||||||||||
Domestic Total (excluding Loans Booked Offshore) |
55,173.1 | 1,021.9 | (820.8 | ) | 11.9 | (52.6 | ) | (18.6 | ) | 55,993.9 | 1,009.9 | 55,225.7 | 1,040.6 | |||||||||||||||||||||||||||
Manufacturing |
7,354.1 | 240.1 | 201.4 | (18.5 | ) | 130.3 | (7.2 | ) | 7,152.7 | 258.7 | 7,223.8 | 247.3 | ||||||||||||||||||||||||||||
Agriculture & Forestry |
31.4 | 0.5 | (1.2 | ) | 0.4 | 4.0 | 0.1 | 32.7 | 0.0 | 27.4 | 0.3 | |||||||||||||||||||||||||||||
Fishery |
2.0 | 0.4 | (0.0 | ) | 0.4 | 1.0 | 0.3 | 2.0 | 0.0 | 1.0 | 0.0 | |||||||||||||||||||||||||||||
Mining, Quarrying Industry & Gravel Extraction Industry |
170.7 | | 26.2 | | 11.6 | | 144.5 | | 159.0 | | ||||||||||||||||||||||||||||||
Construction |
832.2 | 36.5 | (33.2 | ) | 1.8 | (53.6 | ) | (7.1 | ) | 865.5 | 34.6 | 885.9 | 43.6 | |||||||||||||||||||||||||||
Utilities |
1,949.7 | 4.0 | 45.9 | 0.1 | 435.2 | 0.0 | 1,903.7 | 3.9 | 1,514.5 | 4.0 | ||||||||||||||||||||||||||||||
Communication |
902.3 | 21.5 | 4.0 | (4.0 | ) | (227.9 | ) | (14.2 | ) | 898.2 | 25.6 | 1,130.2 | 35.8 | |||||||||||||||||||||||||||
Transportation & Postal Industry |
2,690.8 | 66.5 | (89.9 | ) | 23.1 | (176.2 | ) | 22.0 | 2,780.7 | 43.3 | 2,867.1 | 44.4 | ||||||||||||||||||||||||||||
Wholesale & Retail |
4,912.7 | 163.6 | 112.7 | (11.0 | ) | 198.6 | (6.7 | ) | 4,799.9 | 174.7 | 4,714.0 | 170.3 | ||||||||||||||||||||||||||||
Finance & Insurance |
6,189.7 | 10.4 | (272.4 | ) | (1.1 | ) | (100.6 | ) | 0.3 | 6,462.1 | 11.6 | 6,290.4 | 10.1 | |||||||||||||||||||||||||||
Real Estate |
6,414.9 | 148.0 | 66.6 | 3.6 | 160.4 | (8.5 | ) | 6,348.3 | 144.4 | 6,254.5 | 156.6 | |||||||||||||||||||||||||||||
Commodity Lease |
1,551.3 | 2.5 | 5.2 | 0.2 | 14.7 | 0.3 | 1,546.0 | 2.2 | 1,536.6 | 2.2 | ||||||||||||||||||||||||||||||
Service Industries |
2,481.4 | 100.2 | 54.9 | (12.2 | ) | (263.6 | ) | (9.8 | ) | 2,426.5 | 112.5 | 2,745.1 | 110.1 | |||||||||||||||||||||||||||
Local Governments |
1,255.4 | 2.9 | (19.8 | ) | (0.0 | ) | 61.5 | (0.0 | ) | 1,275.2 | 2.9 | 1,193.8 | 2.9 | |||||||||||||||||||||||||||
Governments |
4,833.3 | | (766.1 | ) | | (64.6 | ) | | 5,599.4 | | 4,897.9 | | ||||||||||||||||||||||||||||
Other |
13,600.3 | 224.1 | (155.2 | ) | 29.0 | (183.4 | ) | 11.7 | 13,755.6 | 195.0 | 13,783.8 | 212.3 | ||||||||||||||||||||||||||||
Overseas Total (including Loans Booked Offshore) |
9,135.8 | 66.3 | 442.0 | (10.1 | ) | 1,672.9 | 12.9 | 8,693.7 | 76.5 | 7,462.8 | 53.3 | |||||||||||||||||||||||||||||
Governments |
332.0 | | (24.3 | ) | | (6.9 | ) | | 356.4 | | 339.0 | | ||||||||||||||||||||||||||||
Financial Institutions |
3,261.0 | 9.2 | 211.5 | 9.2 | 724.2 | 9.2 | 3,049.4 | 0.0 | 2,536.7 | | ||||||||||||||||||||||||||||||
Other |
5,542.7 | 57.1 | 254.9 | (19.3 | ) | 955.6 | 3.7 | 5,287.8 | 76.5 | 4,587.1 | 53.3 | |||||||||||||||||||||||||||||
Total |
64,308.9 | 1,088.3 | (378.7 | ) | 1.8 | 1,620.3 | (5.6 | ) | 64,687.7 | 1,086.5 | 62,688.6 | 1,094.0 |
* | Loans to Finance & Insurance sector includes loans to MHFG as follows: |
As of September 30, 2012: ¥568.8 billion (from MHBK ¥530.0 billion; from MHCB ¥38.8 billion) |
As of March 31, 2012: ¥741.0 billion (from MHBK ¥700.0 billion; from MHCB ¥41.0 billion) |
As of September 30, 2011: ¥738.3 billion (from MHBK ¥700.0 billion; from MHCB ¥38.3 billion) |
* | Amounts of Outstanding Balances are aggregated figures of banking and trust accounts, and amounts of Non-Accrual, Past Due & Restructured Loans are aggregated figures of banking and trust accounts with contracts indemnifying the principal amounts. |
33
Mizuho Financial Group, Inc.
(Billions of yen) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 | As of September 30, 2011 | ||||||||||||||||||||||||||||||||||||||
Outstanding Balance |
Non-Accrual, Past Due & Restructured Loans |
Change from March 31, 2012 |
Change from September 30, 2011 | Outstanding Balance |
Non-Accrual, Past Due & Restructured Loans |
Outstanding Balance |
Non-Accrual, Past Due & Restructured Loans |
|||||||||||||||||||||||||||||||||
Outstanding Balance |
Non-Accrual, Past Due & Restructured Loans |
Outstanding Balance |
Non-Accrual, Past Due & Restructured Loans |
|||||||||||||||||||||||||||||||||||||
Mizuho Bank | ||||||||||||||||||||||||||||||||||||||||
Domestic Total (excluding Loans Booked Offshore) |
31,502.6 | 798.5 | (1,038.2 | ) | 19.1 | (474.3 | ) | (16.8 | ) | 32,540.8 | 779.4 | 31,977.0 | 815.4 | |||||||||||||||||||||||||||
Manufacturing |
2,831.9 | 172.6 | 49.7 | 5.7 | 77.2 | 6.1 | 2,782.2 | 166.8 | 2,754.7 | 166.4 | ||||||||||||||||||||||||||||||
Agriculture & Forestry |
31.1 | 0.5 | (1.2 | ) | 0.4 | 4.1 | 0.1 | 32.3 | 0.0 | 27.0 | 0.3 | |||||||||||||||||||||||||||||
Fishery |
2.0 | 0.4 | (0.0 | ) | 0.4 | 1.0 | 0.3 | 2.0 | 0.0 | 1.0 | 0.0 | |||||||||||||||||||||||||||||
Mining, Quarrying |
5.1 | | 0.2 | | (0.1 | ) | | 4.9 | | 5.3 | | |||||||||||||||||||||||||||||
Construction |
471.3 | 25.8 | (25.2 | ) | (0.6 | ) | (23.8 | ) | (2.0 | ) | 496.6 | 26.5 | 495.2 | 27.9 | ||||||||||||||||||||||||||
Utilities |
56.8 | | (1.8 | ) | (0.0 | ) | (3.3 | ) | (0.1 | ) | 58.6 | 0.0 | 60.2 | 0.1 | ||||||||||||||||||||||||||
Communication |
302.5 | 20.6 | (14.7 | ) | (3.3 | ) | (10.9 | ) | (9.2 | ) | 317.2 | 23.9 | 313.4 | 29.9 | ||||||||||||||||||||||||||
Transportation & Postal Industry |
1,082.1 | 63.1 | 8.9 | 21.7 | (84.2 | ) | 27.5 | 1,073.1 | 41.4 | 1,166.4 | 35.5 | |||||||||||||||||||||||||||||
Wholesale & Retail |
3,522.3 | 160.6 | 24.6 | (11.3 | ) | 115.6 | (6.6 | ) | 3,497.7 | 171.9 | 3,406.7 | 167.2 | ||||||||||||||||||||||||||||
Finance & Insurance |
1,757.3 | 10.4 | (208.3 | ) | (1.1 | ) | (249.3 | ) | 0.3 | 1,965.7 | 11.6 | 2,006.7 | 10.1 | |||||||||||||||||||||||||||
Real Estate |
3,168.3 | 91.9 | 46.6 | 2.9 | 19.5 | (14.1 | ) | 3,121.6 | 89.0 | 3,148.7 | 106.1 | |||||||||||||||||||||||||||||
Commodity Lease |
181.2 | 2.5 | 0.1 | 0.2 | (1.7 | ) | 0.3 | 181.0 | 2.2 | 182.9 | 2.2 | |||||||||||||||||||||||||||||
Service Industries |
1,890.6 | 97.9 | 69.6 | 0.9 | (132.1 | ) | (5.8 | ) | 1,821.0 | 97.0 | 2,022.7 | 103.8 | ||||||||||||||||||||||||||||
Local Governments |
1,101.8 | | (12.6 | ) | | 69.2 | | 1,114.5 | | 1,032.6 | | |||||||||||||||||||||||||||||
Governments |
3,519.0 | | (987.4 | ) | | (253.7 | ) | | 4,506.5 | | 3,772.8 | | ||||||||||||||||||||||||||||
Other |
11,578.4 | 151.7 | 13.2 | 3.1 | (1.6 | ) | (13.7 | ) | 11,565.2 | 148.5 | 11,580.0 | 165.4 | ||||||||||||||||||||||||||||
Overseas Total (including Loans Booked Offshore) |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Governments |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Financial Institutions |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Other |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Total |
31,502.6 | 798.5 | (1,038.2 | ) | 19.1 | (474.3 | ) | (16.8 | ) | 32,540.8 | 779.4 | 31,977.0 | 815.4 | |||||||||||||||||||||||||||
Mizuho Corporate Bank
|
|
|||||||||||||||||||||||||||||||||||||||
Domestic Total (excluding Loans Booked Offshore) |
19,309.8 | 194.4 | (61.1 | ) | 2.9 | 493.2 | 8.3 | 19,370.9 | 191.4 | 18,816.5 | 186.0 | |||||||||||||||||||||||||||||
Manufacturing |
3,991.2 | 64.7 | 149.7 | (20.4 | ) | 87.3 | (10.6 | ) | 3,841.5 | 85.1 | 3,903.9 | 75.3 | ||||||||||||||||||||||||||||
Agriculture & Forestry |
0.2 | | (0.0 | ) | | (0.0 | ) | | 0.3 | | 0.3 | | ||||||||||||||||||||||||||||
Fishery |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Mining, Quarrying |
162.3 | | 26.3 | | 13.9 | | 135.9 | | 148.4 | | ||||||||||||||||||||||||||||||
Construction |
300.2 | 10.5 | (4.4 | ) | 2.4 | (10.6 | ) | (5.0 | ) | 304.7 | 8.0 | 310.8 | 15.5 | |||||||||||||||||||||||||||
Utilities |
1,697.3 | 4.0 | 42.1 | 0.2 | 406.3 | 0.2 | 1,655.2 | 3.8 | 1,291.0 | 3.8 | ||||||||||||||||||||||||||||||
Communication |
531.6 | 0.4 | 20.3 | (0.6 | ) | 63.3 | (4.8 | ) | 511.2 | 1.1 | 468.2 | 5.3 | ||||||||||||||||||||||||||||
Transportation & Postal Industry |
1,394.2 | 3.2 | (102.1 | ) | 1.4 | (93.1 | ) | (5.5 | ) | 1,496.3 | 1.8 | 1,487.4 | 8.8 | |||||||||||||||||||||||||||
Wholesale & Retail |
1,186.6 | 1.9 | 63.1 | (0.0 | ) | 70.4 | (0.2 | ) | 1,123.4 | 2.0 | 1,116.2 | 2.2 | ||||||||||||||||||||||||||||
Finance & Insurance |
3,996.5 | | (187.8 | ) | | 67.3 | | 4,184.4 | | 3,929.2 | | |||||||||||||||||||||||||||||
Real Estate |
2,214.3 | 40.9 | 13.9 | 2.5 | 72.0 | 10.7 | 2,200.3 | 38.3 | 2,142.2 | 30.1 | ||||||||||||||||||||||||||||||
Commodity Lease |
1,165.2 | | 8.5 | | 12.7 | | 1,156.7 | | 1,152.4 | | ||||||||||||||||||||||||||||||
Service Industries |
520.0 | 1.3 | (8.2 | ) | (8.7 | ) | (94.8 | ) | (3.4 | ) | 528.2 | 10.1 | 614.8 | 4.8 | ||||||||||||||||||||||||||
Local Governments |
123.7 | | (1.2 | ) | | (1.2 | ) | | 125.0 | | 124.9 | | ||||||||||||||||||||||||||||
Governments |
914.4 | | 97.4 | | 88.4 | | 816.9 | | 825.9 | | ||||||||||||||||||||||||||||||
Other |
1,111.4 | 67.1 | (178.7 | ) | 26.3 | (188.7 | ) | 27.2 | 1,290.1 | 40.7 | 1,300.2 | 39.9 | ||||||||||||||||||||||||||||
Overseas Total (including Loans Booked Offshore) |
9,130.5 | 66.3 | 442.6 | (10.1 | ) | 1,673.2 | 12.9 | 8,687.8 | 76.5 | 7,457.2 | 53.3 | |||||||||||||||||||||||||||||
Governments |
331.5 | | (24.2 | ) | | (6.8 | ) | | 355.8 | | 338.4 | | ||||||||||||||||||||||||||||
Financial Institutions |
3,261.0 | 9.2 | 211.5 | 9.2 | 724.2 | 9.2 | 3,049.4 | 0.0 | 2,536.7 | | ||||||||||||||||||||||||||||||
Other |
5,537.9 | 57.1 | 255.3 | (19.3 | ) | 955.9 | 3.7 | 5,282.6 | 76.5 | 4,582.0 | 53.3 | |||||||||||||||||||||||||||||
Total |
28,440.3 | 260.8 | 381.5 | (7.1 | ) | 2,166.5 | 21.3 | 28,058.8 | 267.9 | 26,273.7 | 239.4 | |||||||||||||||||||||||||||||
Mizuho Trust & Banking (Banking Account + Trust Account)
|
|
|||||||||||||||||||||||||||||||||||||||
Domestic Total (excluding Loans Booked Offshore) |
4,360.6 | 28.9 | 278.4 | (10.1 | ) | (71.5 | ) | (10.1 | ) | 4,082.1 | 39.1 | 4,432.1 | 39.1 | |||||||||||||||||||||||||||
Manufacturing |
530.9 | 2.7 | 1.9 | (3.8 | ) | (34.3 | ) | (2.7 | ) | 528.9 | 6.6 | 565.2 | 5.5 | |||||||||||||||||||||||||||
Agriculture & Forestry |
0.0 | | (0.0 | ) | | (0.0 | ) | | 0.0 | | 0.0 | | ||||||||||||||||||||||||||||
Fishery |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Mining, Quarrying |
3.1 | | (0.4 | ) | | (2.1 | ) | | 3.6 | | 5.3 | | ||||||||||||||||||||||||||||
Construction |
60.6 | 0.1 | (3.4 | ) | 0.1 | (19.1 | ) | 0.0 | 64.1 | 0.0 | 79.8 | 0.1 | ||||||||||||||||||||||||||||
Utilities |
195.4 | | 5.6 | | 32.2 | | 189.7 | | 163.2 | | ||||||||||||||||||||||||||||||
Communication |
68.2 | 0.4 | (1.5 | ) | (0.0 | ) | (280.3 | ) | (0.1 | ) | 69.7 | 0.5 | 348.5 | 0.6 | ||||||||||||||||||||||||||
Transportation & Postal Industry |
214.4 | 0.0 | 3.2 | (0.0 | ) | 1.1 | (0.0 | ) | 211.1 | 0.0 | 213.3 | 0.0 | ||||||||||||||||||||||||||||
Wholesale & Retail |
203.7 | 1.0 | 24.9 | 0.3 | 12.6 | 0.1 | 178.8 | 0.7 | 191.1 | 0.9 | ||||||||||||||||||||||||||||||
Finance & Insurance |
435.8 | | 123.8 | | 81.4 | | 312.0 | | 354.4 | | ||||||||||||||||||||||||||||||
Real Estate |
1,032.2 | 15.2 | 5.9 | (1.7 | ) | 68.8 | (5.1 | ) | 1,026.2 | 17.0 | 963.4 | 20.3 | ||||||||||||||||||||||||||||
Commodity Lease |
204.8 | | (3.3 | ) | | 3.7 | | 208.2 | | 201.1 | | |||||||||||||||||||||||||||||
Service Industries |
70.7 | 0.9 | (6.4 | ) | (4.4 | ) | (36.6 | ) | (0.5 | ) | 77.2 | 5.4 | 107.4 | 1.5 | ||||||||||||||||||||||||||
Local Governments |
29.8 | 2.9 | (5.9 | ) | (0.0 | ) | (6.3 | ) | (0.0 | ) | 35.7 | 2.9 | 36.1 | 2.9 | ||||||||||||||||||||||||||
Governments |
399.8 | | 123.8 | | 100.6 | | 275.9 | | 299.1 | | ||||||||||||||||||||||||||||||
Other |
910.4 | 5.2 | 10.2 | (0.4 | ) | 6.9 | (1.7 | ) | 900.2 | 5.7 | 903.4 | 6.9 | ||||||||||||||||||||||||||||
Overseas Total (including Loans Booked Offshore) |
5.3 | | (0.5 | ) | | (0.3 | ) | | 5.8 | | 5.6 | | ||||||||||||||||||||||||||||
Governments |
0.5 | | (0.0 | ) | | (0.0 | ) | | 0.6 | | 0.6 | | ||||||||||||||||||||||||||||
Financial Institutions |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Other |
4.7 | | (0.4 | ) | | (0.2 | ) | | 5.2 | | 5.0 | | ||||||||||||||||||||||||||||
Total |
4,365.9 | 28.9 | 277.9 | (10.1 | ) | (71.8 | ) | (10.1 | ) | 4,088.0 | 39.1 | 4,437.8 | 39.1 |
* | Amounts of outstanding loans are aggregated figures of banking and trust accounts, and amounts of non-accrual, past due & restructured loans are aggregated figures of banking and trust accounts with contracts indemnifying the principal amounts. |
34
Mizuho Financial Group, Inc.
(2) Disclosed Claims under the FRL and Coverage Ratio by Industry
Non-Consolidated
Aggregated Figures of the 3 Banks (Banking Account + Trust Account)
(Billions of yen, %) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 | As of September 30, 2011 | ||||||||||||||||||||||||||||||||||||||
Change from March 31, 2012 | Change from September 30, 2011 | |||||||||||||||||||||||||||||||||||||||
Disclosed Claims under the FRL |
Coverage Ratio |
Disclosed Claims under the FRL |
Coverage Ratio |
Disclosed Claims under the FRL |
Coverage Ratio |
Disclosed Claims under the FRL |
Coverage Ratio |
Disclosed Claims under the FRL |
Coverage Ratio |
|||||||||||||||||||||||||||||||
Domestic Total (excluding Loans Booked Offshore) |
1,073.9 | 73.8 | 10.7 | 0.9 | (25.4 | ) | 0.9 | 1,063.2 | 72.9 | 1,099.4 | 72.9 | |||||||||||||||||||||||||||||
Manufacturing |
246.8 | 65.7 | (17.8 | ) | 1.8 | (7.3 | ) | 9.3 | 264.6 | 63.9 | 254.1 | 56.4 | ||||||||||||||||||||||||||||
Agriculture & Forestry |
0.4 | 40.0 | 0.3 | (35.2 | ) | 0.0 | (47.4 | ) | 0.0 | 75.3 | 0.3 | 87.5 | ||||||||||||||||||||||||||||
Fishery |
0.4 | 30.7 | 0.3 | (69.2 | ) | 0.3 | (69.2 | ) | 0.0 | 100.0 | 0.0 | 100.0 | ||||||||||||||||||||||||||||
Mining, Quarrying Industry & Gravel Extraction Industry |
0.0 | 100.0 | (0.0 | ) | | (0.0 | ) | | 0.0 | 100.0 | 0.0 | 100.0 | ||||||||||||||||||||||||||||
Construction |
36.2 | 70.8 | 1.2 | (0.7 | ) | (8.3 | ) | 2.4 | 35.0 | 71.6 | 44.5 | 68.3 | ||||||||||||||||||||||||||||
Utilities |
4.0 | 57.0 | 0.1 | (2.0 | ) | 0.0 | 38.6 | 3.9 | 59.1 | 4.0 | 18.4 | |||||||||||||||||||||||||||||
Communication |
21.8 | 61.6 | (4.2 | ) | (2.0 | ) | (14.5 | ) | (4.7 | ) | 26.0 | 63.6 | 36.3 | 66.4 | ||||||||||||||||||||||||||
Transportation & Postal Industry |
66.5 | 81.8 | 23.0 | (0.0 | ) | 20.9 | 13.8 | 43.4 | 81.9 | 45.5 | 68.0 | |||||||||||||||||||||||||||||
Wholesale & Retail |
171.1 | 61.7 | (11.6 | ) | (0.9 | ) | (9.2 | ) | (3.6 | ) | 182.8 | 62.7 | 180.4 | 65.4 | ||||||||||||||||||||||||||
Finance & Insurance |
10.4 | 28.1 | (1.3 | ) | (2.8 | ) | 0.3 | (1.2 | ) | 11.7 | 31.0 | 10.1 | 29.4 | |||||||||||||||||||||||||||
Real Estate |
165.6 | 88.3 | 21.0 | 3.3 | 8.1 | 1.0 | 144.6 | 84.9 | 157.5 | 87.3 | ||||||||||||||||||||||||||||||
Commodity Lease |
2.5 | 70.7 | 0.2 | (11.0 | ) | 0.3 | (10.7 | ) | 2.2 | 81.8 | 2.2 | 81.5 | ||||||||||||||||||||||||||||
Service Industries |
94.6 | 64.5 | (20.8 | ) | 2.6 | (18.7 | ) | (1.4 | ) | 115.4 | 61.8 | 113.3 | 65.9 | |||||||||||||||||||||||||||
Local Governments |
30.7 | 100.0 | (0.0 | ) | | 0.0 | | 30.7 | 100.0 | 30.6 | 100.0 | |||||||||||||||||||||||||||||
Other |
222.4 | 83.6 | 20.2 | (6.0 | ) | 2.4 | (9.9 | ) | 202.2 | 89.6 | 220.0 | 93.5 | ||||||||||||||||||||||||||||
Overseas Total (including Loans Booked Offshore) |
76.1 | 50.5 | (26.2 | ) | (9.1 | ) | 9.5 | (1.5 | ) | 102.4 | 59.6 | 66.6 | 52.0 | |||||||||||||||||||||||||||
Governments |
| | | | | | | | | | ||||||||||||||||||||||||||||||
Financial Institutions |
9.2 | 62.6 | 9.2 | (37.3 | ) | 9.2 | 62.6 | 0.0 | 99.9 | | | |||||||||||||||||||||||||||||
Other |
66.8 | 48.8 | (35.5 | ) | (10.8 | ) | 0.2 | (3.2 | ) | 102.4 | 59.6 | 66.6 | 52.0 | |||||||||||||||||||||||||||
Total |
1,150.1 | 72.3 | (15.4 | ) | 0.5 | (15.9 | ) | 0.5 | 1,165.6 | 71.7 | 1,166.0 | 71.7 |
* | Trust account denotes trust accounts with contracts indemnifying the principal amounts. |
35
Mizuho Financial Group, Inc.
9. Housing and Consumer Loans & Loans to Small and Medium-Sized Enterprises (SMEs) and Individual Customers
(1) Balance of Housing and Consumer Loans
Non-Consolidated
Aggregated Figures of the 3 Banks (Banking Account + Trust Account)
(Billions of yen) | ||||||||||||||||||||
As of September 30, 2012 | ||||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
As of March 31, 2012 |
As of September 30, 2011 |
|||||||||||||||||
Housing and Consumer Loans |
12,057.3 | (38.5 | ) | (121.6 | ) | 12,095.9 | 12,179.0 | |||||||||||||
Housing Loans for owners residential housing |
10,336.8 | (1.3 | ) | (37.6 | ) | 10,338.1 | 10,374.4 | |||||||||||||
Mizuho Bank |
||||||||||||||||||||
Housing and Consumer Loans |
11,849.1 | (23.6 | ) | (91.0 | ) | 11,872.7 | 11,940.1 | |||||||||||||
Housing Loans |
10,911.5 | (41.3 | ) | (113.0 | ) | 10,952.8 | 11,024.5 | |||||||||||||
for owners residential housing |
10,154.0 | 11.1 | (11.9 | ) | 10,142.9 | 10,166.0 | ||||||||||||||
Consumer loans |
937.6 | 17.7 | 21.9 | 919.8 | 915.6 | |||||||||||||||
Mizuho Corporate Bank |
||||||||||||||||||||
Housing and Consumer Loans |
| | | | | |||||||||||||||
Housing Loans |
| | | | | |||||||||||||||
for owners residential housing |
| | | | | |||||||||||||||
Consumer loans |
| | | | | |||||||||||||||
Mizuho Trust & Banking (Banking Account + Trust Account) |
| |||||||||||||||||||
Housing and Consumer Loans |
208.2 | (14.9 | ) | (30.6 | ) | 223.1 | 238.8 | |||||||||||||
Housing Loans for owners residential housing |
182.7 | (12.5 | ) | (25.6 | ) | 195.2 | 208.4 |
* | Above figures are aggregated banking and trust account amounts. |
(2) Loans to SMEs and Individual Customers
Non-Consolidated
Aggregated Figures of the 3 Banks (Banking Account + Trust Account)
(%, Billions of yen) | ||||||||||||||||||||
As of September 30, 2012 | ||||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
As of March 31, 2012 |
As of September 30, 2011 |
|||||||||||||||||
Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans |
57.1 | 0.3 | (0.3 | ) | 56.8 | 57.4 | ||||||||||||||
Loans to SMEs and Individual Customers |
31,537.5 | (270.2 | ) | (203.9 | ) | 31,807.7 | 31,741.4 | |||||||||||||
Mizuho Bank |
||||||||||||||||||||
Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans |
71.8 | 2.6 | 0.9 | 69.1 | 70.8 | |||||||||||||||
Loans to SMEs and Individual Customers |
22,632.3 | 130.4 | (38.3 | ) | 22,501.8 | 22,670.7 | ||||||||||||||
Mizuho Corporate Bank |
||||||||||||||||||||
Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans |
35.1 | (2.2 | ) | (2.3 | ) | 37.3 | 37.4 | |||||||||||||
Loans to SMEs and Individual Customers |
6,785.4 | (449.4 | ) | (266.0 | ) | 7,234.9 | 7,051.5 | |||||||||||||
Mizuho Trust & Banking (Banking Account + Trust Account) |
||||||||||||||||||||
Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans |
48.6 | (2.1 | ) | 3.0 | 50.7 | 45.5 | ||||||||||||||
Loans to SMEs and Individual Customers |
2,119.7 | 48.7 | 100.4 | 2,070.9 | 2,019.2 |
* | Above figures are aggregated banking and trust account amounts. |
* | Above figures do not include loans booked at overseas offices and offshore loans. |
* | The definition of "Small and Medium-sized Enterprises" is as follows: |
Enterprises of which the capital is ¥300 million or below (¥100 million or below for the wholesale industry, and ¥50 million or below for the retail, restaurant and commodity lease industries etc.), or enterprises with full-time employees of 300 or below (100 or below for the wholesale and commodity lease industries etc., 50 or below for the retail and restaurant industries.) |
36
Mizuho Financial Group, Inc.
10. Status of Loans by Region
(1) Balance of Loans to Restructuring Countries
Non-Consolidated
Aggregated Figures of the 3 Banks (Banking Account + Trust Account)
(Billions of yen, Number of countries) | ||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Loan amount |
0.0 | (0.0 | ) | (0.0 | ) | 0.0 | 0.0 | |||||||||||||
Number of Restructuring Countries* |
3 | | | 3 | 3 |
* | Number of Restructuring Countries refers to the countries of obligors residence. |
(2) Outstanding Balances and Non-Accrual, Past Due & Restructured Loans by Region
Non-Consolidated
Aggregated Figures of the 3 Banks (Banking Account + Trust Account)
(Billions of yen) | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | ||||||||||||||||||||||||||||||||||||||||
Change from March 31, 2012 | Change from September 30, 2011 | As of March 31, 2012 | As of September 30, 2011 | |||||||||||||||||||||||||||||||||||||
Outstanding Balance |
Non-Accrual, Past Due and Restructured Loans |
Outstanding Balance |
Non-Accrual, Past Due and Restructured Loans |
Outstanding Balance |
Non-Accrual, Past Due and Restructured Loans |
Outstanding Balance |
Non-Accrual, Past Due and Restructured Loans |
Outstanding Balance |
Non-Accrual, Past Due and Restructured Loans |
|||||||||||||||||||||||||||||||
Asia |
3,294.6 | 27.9 | 199.8 | 5.8 | 593.1 | 14.9 | 3,094.8 | 22.1 | 2,701.5 | 13.0 | ||||||||||||||||||||||||||||||
Hong Kong |
697.2 | 4.8 | 27.8 | 3.8 | 77.8 | 3.3 | 669.4 | 0.9 | 619.4 | 1.4 | ||||||||||||||||||||||||||||||
South Korea |
484.3 | 1.4 | 27.6 | (0.1 | ) | 135.1 | 1.4 | 456.7 | 1.5 | 349.2 | | |||||||||||||||||||||||||||||
Singapore |
508.9 | 11.4 | 74.4 | 7.4 | 142.5 | 7.7 | 434.5 | 3.9 | 366.4 | 3.6 | ||||||||||||||||||||||||||||||
Thailand |
476.6 | 1.0 | 41.1 | (4.6 | ) | 103.6 | (4.4 | ) | 435.5 | 5.7 | 373.0 | 5.5 | ||||||||||||||||||||||||||||
Central and South America |
2,819.7 | 90.7 | (66.7 | ) | 37.4 | 230.5 | 38.1 | 2,886.4 | 53.2 | 2,589.1 | 52.5 | |||||||||||||||||||||||||||||
North America |
2,620.0 | 1.5 | 113.8 | (1.1 | ) | 442.7 | (3.1 | ) | 2,506.2 | 2.7 | 2,177.3 | 4.7 | ||||||||||||||||||||||||||||
Eastern Europe |
18.9 | 0.6 | (1.8 | ) | 0.6 | (13.1 | ) | (6.3 | ) | 20.8 | | 32.1 | 7.0 | |||||||||||||||||||||||||||
Western Europe |
2,188.0 | 42.3 | (102.6 | ) | (5.2 | ) | 173.5 | 4.5 | 2,290.6 | 47.5 | 2,014.4 | 37.7 | ||||||||||||||||||||||||||||
Other |
919.5 | 10.1 | 11.4 | 1.7 | 212.7 | 9.6 | 908.1 | 8.4 | 706.8 | 0.5 | ||||||||||||||||||||||||||||||
Total |
11,861.0 | 173.4 | 153.7 | 39.4 | 1,639.6 | 57.8 | 11,707.2 | 134.0 | 10,221.3 | 115.5 |
37
Mizuho Financial Group, Inc.
III. DEFERRED TAXES
1. Change in Deferred Tax Assets, etc.
Consolidated
(Billions of yen) | ||||||||||||||||||||
As of September 30, 2012 | ||||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
As of March 31, 2012 |
As of September 30, 2011 |
|||||||||||||||||
Net Deferred Tax Assets (A) |
420.4 | 79.6 | (17.8 | ) | 340.7 | 438.2 | ||||||||||||||
(Reference) |
||||||||||||||||||||
Tier I Capital (B) |
6,290.6 | (108.3 | ) | 220.8 | 6,398.9 | 6,069.8 | ||||||||||||||
(A)/(B) (%) |
6.6 | 1.3 | (0.5 | ) | 5.3 | 7.2 | ||||||||||||||
Non-Consolidated |
||||||||||||||||||||
(Billions of yen) | ||||||||||||||||||||
As of September 30, 2012 | ||||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
As of March 31, 2012 |
As of September 30, 2011 |
|||||||||||||||||
Mizuho Bank |
||||||||||||||||||||
Total Deferred Tax Assets (A) |
597.7 | (2.1 | ) | (165.5 | ) | 599.9 | 763.2 | |||||||||||||
Total Deferred Tax Liabilities (B) |
(133.1 | ) | (6.5 | ) | 10.7 | (126.6 | ) | (143.9 | ) | |||||||||||
(A) + (B) |
464.5 | (8.6 | ) | (154.7 | ) | 473.2 | 619.3 | |||||||||||||
Valuation Allowance |
(249.8 | ) | 0.5 | 132.9 | (250.4 | ) | (382.8 | ) | ||||||||||||
Net Deferred Tax Assets (C) |
214.6 | (8.1 | ) | (21.7 | ) | 222.7 | 236.4 | |||||||||||||
(Reference) |
||||||||||||||||||||
Tier I Capital (D) |
2,330.6 | (49.0 | ) | (15.7 | ) | 2,379.6 | 2,346.3 | |||||||||||||
(C)/(D) (%) |
9.2 | (0.1 | ) | (0.8 | ) | 9.3 | 10.0 | |||||||||||||
Mizuho Corporate Bank |
||||||||||||||||||||
Total Deferred Tax Assets (A) |
899.2 | 26.3 | (185.8 | ) | 872.8 | 1,085.0 | ||||||||||||||
Total Deferred Tax Liabilities (B) |
(176.9 | ) | 11.9 | 45.0 | (188.8 | ) | (221.9 | ) | ||||||||||||
(A) + (B) |
722.3 | 38.3 | (140.7 | ) | 684.0 | 863.1 | ||||||||||||||
Valuation Allowance |
(582.3 | ) | 39.1 | 185.5 | (621.5 | ) | (767.8 | ) | ||||||||||||
Net Deferred Tax Assets (C) |
139.9 | 77.4 | 44.7 | 62.4 | 95.2 | |||||||||||||||
(Reference) |
||||||||||||||||||||
Tier I Capital (D) |
4,057.0 | (78.1 | ) | 39.0 | 4,135.2 | 4,018.0 | ||||||||||||||
(C)/(D) (%) |
3.4 | 1.9 | 1.0 | 1.5 | 2.3 | |||||||||||||||
Mizuho Trust & Banking |
||||||||||||||||||||
Total Deferred Tax Assets (A) |
91.7 | 1.6 | (24.3 | ) | 90.0 | 116.1 | ||||||||||||||
Total Deferred Tax Liabilities (B) |
(10.3 | ) | 2.2 | 1.7 | (12.5 | ) | (12.0 | ) | ||||||||||||
(A) + (B) |
81.4 | 3.9 | (22.6 | ) | 77.5 | 104.1 | ||||||||||||||
Valuation Allowance |
(65.2 | ) | (0.5 | ) | 22.0 | (64.7 | ) | (87.3 | ) | |||||||||||
Net Deferred Tax Assets (C) |
16.1 | 3.3 | (0.6 | ) | 12.8 | 16.8 | ||||||||||||||
(Reference) |
||||||||||||||||||||
Tier I Capital (D) |
333.7 | 1.3 | 23.5 | 332.4 | 310.2 | |||||||||||||||
(C)/(D) (%) |
4.8 | 0.9 | (0.5 | ) | 3.8 | 5.4 | ||||||||||||||
Aggregated Figures of the 3 Banks |
||||||||||||||||||||
Total Deferred Tax Assets (A) |
1,588.8 | 25.9 | (375.7 | ) | 1,562.9 | 1,964.5 | ||||||||||||||
Total Deferred Tax Liabilities (B) |
(320.4 | ) | 7.6 | 57.5 | (328.0 | ) | (378.0 | ) | ||||||||||||
(A) + (B) |
1,268.3 | 33.5 | (318.1 | ) | 1,234.8 | 1,586.5 | ||||||||||||||
Valuation Allowance |
(897.5 | ) | 39.2 | 340.5 | (936.7 | ) | (1,238.0 | ) | ||||||||||||
Net Deferred Tax Assets (C) |
370.8 | 72.7 | 22.4 | 298.0 | 348.4 | |||||||||||||||
(Reference) |
||||||||||||||||||||
Tier I Capital (D) |
6,721.4 | (125.7 | ) | 46.7 | 6,847.2 | 6,674.6 | ||||||||||||||
(C)/(D) (%) |
5.5 | 1.1 | 0.2 | 4.3 | 5.2 |
38
Mizuho Financial Group, Inc.
2. Estimation for Calculating Deferred Tax Assets
Non-Consolidated
Mizuho Bank
1. Estimate of future taxable income
(Billions of yen) | ||||||
Total amount for
five | ||||||
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) |
1 | 1,425.1 | ||||
Income before Income Taxes |
2 | 945.3 | ||||
Tax Adjustments *1 |
3 | 377.1 | ||||
Taxable Income before Current Deductible Temporary Differences *2 |
4 | 1,322.4 | ||||
Effective Statutory Tax Rate |
5 | 37.91%/35.54% | ||||
Deferred Tax Assets corresponding to Taxable Income before Current Deductible Temporary Differences [4 x 5 ] |
6 | 489.2 |
*1. | Tax Adjustments are estimated future book-tax differences under the provisions of the corporation tax law and others. |
*2. | Taxable Income before Current Deductible Temporary Differences is an estimate of taxable income before adjusting deductible temporary differences as of September 30, 2012. |
(Reference) Past results of taxable income (tax loss)
(Billions of yen) | ||||
Fiscal 2008 |
128.9 | |||
Fiscal 2009 |
94.8 | |||
Fiscal 2010 |
115.8 | |||
Fiscal 2011 |
137.9 | |||
First Half of Fiscal 2012 (estimate) |
106.0 |
1. | Figures are taxable income (tax loss) amounts per the final corporation tax returns before deducting tax losses carried forward from prior years. Subsequent amendments have not been reflected. |
2. | Figure for First Half of Fiscal 2012 is an estimate of taxable income. |
2. Breakdown of Deferred Tax Assets
(Billions of yen) | ||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||||||
Reserves for Possible Losses on Loans |
7 | 143.1 | (11.4 | ) | (52.3 | ) | 154.6 | 195.5 | ||||||||||||||||
Impairment of Securities |
8 | 257.5 | 25.1 | (4.3 | ) | 232.4 | 261.8 | |||||||||||||||||
Net Unrealized Losses on Other Securities |
9 | 14.4 | (15.4 | ) | (33.9 | ) | 29.9 | 48.4 | ||||||||||||||||
Reserve for Employee Retirement Benefits |
10 | | | | | | ||||||||||||||||||
Net Deferred Hedge Losses |
11 | 2.0 | (4.3 | ) | 1.5 | 6.4 | 0.5 | |||||||||||||||||
Tax Losses Carried Forward |
12 | | | (58.8 | ) | | 58.8 | |||||||||||||||||
Other |
13 | 180.5 | 4.0 | (17.4 | ) | 176.4 | 198.0 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total Deferred Tax Assets |
14 | 597.7 | (2.1 | ) | (165.5 | ) | 599.9 | 763.2 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Valuation Allowance |
15 | (249.8 | ) | 0.5 | 132.9 | (250.4 | ) | (382.8 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Sub-Total [ 14 + 15 ] |
16 | 347.8 | (1.5 | ) | (32.5 | ) | 349.4 | 380.4 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Amount related to Retirement Benefits |
17 | (83.9 | ) | 2.5 | 18.5 | (86.5 | ) | (102.5 | ) | |||||||||||||||
Net Unrealized Gains on Other Securities |
18 | (20.3 | ) | (9.7 | ) | (11.9 | ) | (10.6 | ) | (8.4 | ) | |||||||||||||
Net Deferred Hedge Gains |
19 | | | | | | ||||||||||||||||||
Other |
20 | (28.8 | ) | 0.6 | 4.2 | (29.4 | ) | (33.0 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total Deferred Tax Liabilities |
21 | (133.1 | ) | (6.5 | ) | 10.7 | (126.6 | ) | (143.9 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Net Deferred Tax Assets (Liabilities) [16 + 21] |
22 | 214.6 | (8.1 | ) | (21.7 | ) | 222.7 | 236.4 | ||||||||||||||||
Tax effects related to Net Unrealized Losses (Gains) on Other Securities *2 |
23 | (20.3 | ) | (9.7 | ) | (11.9 | ) | (10.6 | ) | (8.4 | ) | |||||||||||||
Tax effects related to Net Deferred Hedge Losses (Gains) |
24 | 2.0 | (4.3 | ) | 1.5 | 6.4 | 0.5 | |||||||||||||||||
Tax effects related to others |
25 | 233.0 | 6.0 | (11.3 | ) | 227.0 | 244.3 |
*1 | Amount related to Retirement Benefits Accounting includes ¥(65.0) billion related to gains on securities contributed to employee retirement benefit trust. |
*2 | Tax effects related to Net Unrealized Losses (Gains) on Other Securities is the amount after deducting Valuation Allowance. |
Assessment of Recoverability of Deferred Tax Assets is based on the provisory clause of 5. (1) of Audit Guideline for Considering Recoverability of Deferred Tax Assets (JICPA Audit Committee Report No. 66). Period for future taxable income considered in the assessment is five years.
Future taxable income was estimated using assumptions used in the Business Plan, etc. Details of the respective estimated five-year totals are as follows:
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans): ¥1,425.1 billion [1]
Income before Income Taxes: ¥945.3 billion [2]
Taxable Income before Current Deductible Temporary Differences: ¥1,322.4 billion [4].
On the other hand, Deferred Tax Assets which are tax deductible in the future, such as Reserves for Possible Losses on Loans amount to ¥597.7 billion [14]. However, after considering temporary differences which are not expected to be reversed in the next five years, Valuation Allowance of ¥249.8 billion [15] was provided, therefore after offsetting Deferred Tax Liabilities of ¥133.1 billion [21], ¥214.6 billion [22] of Net Deferred Tax Assets was recorded on the balance sheet.
The above includes forward-looking information. See the disclaimer at the end of the table of contents located at the beginning of this document.
39
Mizuho Financial Group, Inc.
Mizuho Corporate Bank
1. Estimate of future taxable income
(Billions of yen) | ||||||||
Total amount
for five years (from October 1, 2012 to September 30, 2017) |
||||||||
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) |
1 | 2,373.4 | ||||||
Income before Income Taxes |
2 | 1,703.5 | ||||||
Tax Adjustments *1 |
3 | 226.8 | ||||||
Taxable Income before Current Deductible Temporary Differences *2 |
4 | 1,930.3 | ||||||
Effective Statutory Tax Rate |
5 | 38.01%/35.64% | ||||||
Deferred Tax Assets corresponding to Taxable Income before Current Deductible Temporary Differences [4 x 5] |
6 | 712.7 |
*1. | Tax Adjustments are estimated future book-tax differences under the provisions of the corporation tax law and others. |
*2. | Taxable Income before Current Deductible Temporary Differences is an estimate of taxable income before adjusting deductible temporary differences as of September 30, 2012. |
(Reference) Past results of taxable income (tax loss)
(Billions of yen) | ||||
Fiscal 2008 |
236.1 | |||
Fiscal 2009 |
96.8 | |||
Fiscal 2010 |
177.8 | |||
Fiscal 2011 |
323.1 | |||
First Half of Fiscal 2012 (estimate) |
206.0 |
1. | Figures are taxable income (tax loss) amounts per the final corporation tax returns before deducting tax losses carried forward from prior years. Subsequent amendments have not been reflected. |
2. | Figure for First Half of Fiscal 2012 is an estimate of taxable income. |
2. Breakdown of Deferred Tax Assets
(Billions of yen) | ||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||||||
Reserves for Possible Losses on Loans |
7 | 81.3 | 2.7 | (2.7 | ) | 78.5 | 84.0 | |||||||||||||||||
Impairment of Securities |
8 | 635.9 | 40.5 | (56.5 | ) | 595.4 | 692.5 | |||||||||||||||||
Net Unrealized Losses on Other Securities |
9 | 65.4 | (4.2 | ) | (47.8 | ) | 69.7 | 113.3 | ||||||||||||||||
Reserve for Employee Retirement Benefits |
10 | | | | | | ||||||||||||||||||
Net Deferred Hedge Losses |
11 | | | | | | ||||||||||||||||||
Tax Losses Carried Forward |
12 | | | (42.0 | ) | | 42.0 | |||||||||||||||||
Other |
13 | 116.5 | (12.6 | ) | (36.5 | ) | 129.1 | 153.0 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total Deferred Tax Assets |
14 | 899.2 | 26.3 | (185.8 | ) | 872.8 | 1,085.0 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Valuation Allowance |
15 | (582.3 | ) | 39.1 | 185.5 | (621.5 | ) | (767.8 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Sub-Total [14 + 15] |
16 | 316.9 | 65.5 | (0.2 | ) | 251.3 | 317.1 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Amount related to Retirement Benefits Accounting *1 |
17 | (45.7 | ) | 1.2 | 9.5 | (47.0 | ) | (55.3 | ) | |||||||||||||||
Net Unrealized Gains on Other Securities |
18 | (20.9 | ) | 20.3 | 8.3 | (41.3 | ) | (29.2 | ) | |||||||||||||||
Net Deferred Hedge Gains |
19 | (99.3 | ) | (12.9 | ) | 24.5 | (86.3 | ) | (123.8 | ) | ||||||||||||||
Other |
20 | (10.8 | ) | 3.2 | 2.6 | (14.1 | ) | (13.4 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total Deferred Tax Liabilities |
21 | (176.9 | ) | 11.9 | 45.0 | (188.8 | ) | (221.9 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Net Deferred Tax Assets (Liabilities) [16 + 21] |
22 | 139.9 | 77.4 | 44.7 | 62.4 | 95.2 | ||||||||||||||||||
Tax effects related to Net Unrealized Losses (Gains) on Other Securities *2 |
23 | (4.7 | ) | 22.9 | (16.4 | ) | (27.7 | ) | 11.6 | |||||||||||||||
Tax effects related to Net Deferred Hedge Losses (Gains) |
24 | (99.3 | ) | (12.9 | ) | 24.5 | (86.3 | ) | (123.8 | ) | ||||||||||||||
Tax effects related to others |
25 | 244.0 | 67.4 | 36.6 | 176.5 | 207.3 |
*1 | Amount related to Retirement Benefits Accounting includes ¥(23.1) billion related to gains on securities contributed to employee retirement benefit trust. |
*2 | Tax effects related to Net Unrealized Losses (Gains) on Other Securities is the amount after deducting Valuation Allowance. |
Assessment of Recoverability of Deferred Tax Assets is based on 5. (1) of Audit Guideline for Considering Recoverability of Deferred Tax Assets (JICPA Audit Committee Report No. 66).
Future taxable income was estimated using assumptions used in the Business Plan, etc. Details of the respective estimated five-year totals are as follows:
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans): ¥2,373.4 billion [1]
Income before Income Taxes: ¥1,703.5 billion [2]
Taxable Income before Current Deductible Temporary Differences: ¥1,930.3 billion [4].
On the other hand, Deferred Tax Assets which are tax deductible in the future, such as Reserves for Possible Losses on Loans amount to ¥899.2 billion [14]. However, after considering temporary differences which are not expected to be reversed, Valuation Allowance of ¥582.3 billion [15] was provided, therefore after offsetting Deferred Tax Liabilities of ¥176.9 billion [21], ¥139.9 billion [22] of Net Deferred Tax Assets was recorded on the balance sheet.
The above includes forward-looking information. See the disclaimer at the end of the table of contents located at the beginning of this document.
40
Mizuho Financial Group, Inc.
Mizuho Trust & Banking
1. Estimate of future taxable income
(Billions of yen) | ||||||||
Total amount for five years (from October 1, 2012 to September 30, 2017) |
||||||||
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) |
1 | 266.5 | ||||||
Income before Income Taxes |
2 | 196.4 | ||||||
Tax Adjustments *1 |
3 | 29.2 | ||||||
Taxable Income before Current Deductible Temporary Differences *2 |
4 | 225.6 | ||||||
Effective Statutory Tax Rate |
5 | 38.00%/35.60% | ||||||
Deferred Tax Assets corresponding to Taxable Income before Current Deductible Temporary Differences [4 x 5] |
6 | 83.2 |
*1. | Tax Adjustments are estimated future book-tax differences under the provisions of the corporation tax law and others. |
*2. | Taxable Income before Current Deductible Temporary Differences is an estimate of taxable income before adjusting deductible temporary differences as of September 30, 2012. |
(Reference) Past results of taxable income (tax loss)
(Billions of yen) | ||||
Fiscal 2008 |
10.3 | |||
Fiscal 2009 |
16.7 | |||
Fiscal 2010 |
20.1 | |||
Fiscal 2011 |
30.8 | |||
First Half of Fiscal 2012 (estimate) |
8.5 |
1. | Figures are taxable income (tax loss) amounts per the final corporation tax returns before deducting tax losses carried forward from prior years. Subsequent amendments have not been reflected. |
2. | Figure for First Half of Fiscal 2012 is an estimate of taxable income. |
2. Breakdown of Deferred Tax Assets
(Billions of yen) | ||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||||||
Reserves for Possible Losses on Loans |
7 | 7.1 | (0.3 | ) | (2.6 | ) | 7.4 | 9.8 | ||||||||||||||||
Impairment of Securities |
8 | 55.0 | 3.2 | (4.0 | ) | 51.8 | 59.0 | |||||||||||||||||
Net Unrealized Losses on Other Securities |
9 | 3.5 | 0.1 | (1.9 | ) | 3.4 | 5.5 | |||||||||||||||||
Reserve for Employee Retirement Benefits |
10 | 13.0 | 0.6 | (0.2 | ) | 12.4 | 13.3 | |||||||||||||||||
Net Deferred Hedge Losses |
11 | 0.9 | (1.2 | ) | (1.9 | ) | 2.2 | 2.9 | ||||||||||||||||
Tax Losses Carried Forward |
12 | | | (11.1 | ) | | 11.1 | |||||||||||||||||
Other |
13 | 11.8 | (0.7 | ) | (2.4 | ) | 12.5 | 14.3 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total Deferred Tax Assets |
14 | 91.7 | 1.6 | (24.3 | ) | 90.0 | 116.1 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Valuation Allowance |
15 | (65.2 | ) | (0.5 | ) | 22.0 | (64.7 | ) | (87.3 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Sub-Total [ 14 + 15 ] |
16 | 26.5 | 1.1 | (2.3 | ) | 25.3 | 28.8 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Amount related to Retirement Benefits Accounting *1 |
17 | (5.3 | ) | | 0.7 | (5.3 | ) | (6.0 | ) | |||||||||||||||
Net Unrealized Gains on Other Securities |
18 | (4.7 | ) | 2.0 | 0.8 | (6.7 | ) | (5.6 | ) | |||||||||||||||
Net Deferred Hedge Gains |
19 | | | | | | ||||||||||||||||||
Other |
20 | (0.3 | ) | 0.1 | 0.0 | (0.4 | ) | (0.3 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total Deferred Tax Liabilities |
21 | (10.3 | ) | 2.2 | 1.7 | (12.5 | ) | (12.0 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Net Deferred Tax Assets (Liabilities) [16 + 21] |
22 | 16.1 | 3.3 | (0.6 | ) | 12.8 | 16.8 | |||||||||||||||||
Tax effects related to Net Unrealized Losses (Gains) on Other Securities *2 |
23 | (4.2 | ) | 1.6 | (0.9 | ) | (5.8 | ) | (3.2 | ) | ||||||||||||||
Tax effects related to Net Deferred Hedge Losses (Gains) |
24 | 0.9 | (1.2 | ) | (1.9 | ) | 2.2 | 2.9 | ||||||||||||||||
Tax effects related to others |
25 | 19.4 | 3.0 | 2.3 | 16.3 | 17.0 |
*1. | Amount related to Retirement Benefits Accounting is deferred tax liabilities related to gains on securities contributed to employee retirement benefit trust. |
*2. | Tax effects related to Net Unrealized Losses (Gains) on Other Securities is the amount after deducting Valuation Allowance. |
Assessment of Recoverability of Deferred Tax Assets is based on the provisory clause of 5. (1) of Audit Guideline for Considering Recoverability of Deferred Tax Assets (JICPA Audit Committee Report No. 66). Period for future taxable income considered in the assessment is five years.
Future taxable income was estimated using assumptions used in the Business Plan, etc. Details of the respective estimated five-year totals are as follows:
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans): ¥266.5 billion [1]
Income before Income Taxes: ¥196.4 billion [2]
Taxable Income before Current Deductible Temporary Differences: ¥225.6 billion [4].
On the other hand, Deferred Tax Assets which are tax deductible in the future, such as Reserves for Possible Losses on Loans amount to ¥91.7 billion [14]. However, after considering temporary differences which are not expected to be reversed in the next five years, Valuation Allowance of ¥65.2 billion [15] was provided, therefore after offsetting Deferred Tax Liabilities of ¥10.3 billion [21], ¥16.1 billion [22] of Net Deferred Tax Assets was recorded on the balance sheet.
The above includes forward-looking information. See the disclaimer at the end of the table of contents located at the beginning of this document.
41
Mizuho Financial Group, Inc.
Aggregated Figures of the 3 Banks
1. Estimate of future taxable income
(Billions of yen) | ||||||||
Total amount for five years (from October 1, 2012 to September 30, 2017) |
||||||||
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) |
1 | 4,065.0 | ||||||
Income before Income Taxes |
2 | 2,845.2 | ||||||
Tax Adjustments *1 |
3 | 633.2 | ||||||
Taxable Income before Current Deductible Temporary Differences *2 |
4 | 3,478.4 | ||||||
Effective Statutory Tax Rate |
5 | 35.54%~38.01% | ||||||
Deferred Tax Assets corresponding to Taxable Income before Current Deductible Temporary Differences [ 4 x 5 ] |
6 | 1,285.2 |
*1. | Tax Adjustments are estimated future book-tax differences under the provisions of the corporation tax law and others. |
*2. | Taxable Income before Current Deductible Temporary Differences is an estimate of taxable income before adjusting deductible temporary differences as of September 30, 2012. |
(Reference) Past results of taxable income (tax loss)
(Billions of yen) | ||||
Fiscal 2008 | 375.3 | |||
Fiscal 2009 | 208.3 | |||
Fiscal 2010 | 313.7 | |||
Fiscal 2011 | 491.9 | |||
First Half of Fiscal 2012 (estimate) | 320.5 |
1. | Figures are taxable income (tax loss) amounts per the final corporation tax returns before deducting tax losses carried forward from prior years. Subsequent amendments have not been reflected. |
2. | Figure for First Half of Fiscal 2012 is an estimate of taxable income. |
2. Breakdown of Deferred Tax Assets
(Billions of yen) | ||||||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||||||
Reserves for Possible Losses on Loans |
7 | 231.6 | (9.0 | ) | (57.7 | ) | 240.6 | 289.3 | ||||||||||||||||
Impairment of Securities |
8 | 948.5 | 68.8 | (64.9 | ) | 879.7 | 1,013.4 | |||||||||||||||||
Net Unrealized Losses on Other Securities |
9 | 83.5 | (19.6 | ) | (83.7 | ) | 103.1 | 167.2 | ||||||||||||||||
Reserve for Employee Retirement Benefits |
10 | 13.0 | 0.6 | (0.2 | ) | 12.4 | 13.3 | |||||||||||||||||
Net Deferred Hedge Losses |
11 | 3.0 | (5.6 | ) | (0.4 | ) | 8.6 | 3.4 | ||||||||||||||||
Tax Losses Carried Forward |
12 | | | (112.1 | ) | | 112.1 | |||||||||||||||||
Other |
13 | 308.9 | (9.2 | ) | (56.5 | ) | 318.2 | 365.5 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total Deferred Tax Assets | 14 | 1,588.8 | 25.9 | (375.7 | ) | 1,562.9 | 1,964.5 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Valuation Allowance | 15 | (897.5 | ) | 39.2 | 340.5 | (936.7 | ) | (1,238.0 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Sub-Total [ 14 + 15 ] | 16 | 691.3 | 65.1 | (35.1 | ) | 626.1 | 726.4 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Amount related to Retirement Benefits Accounting *1 |
17 | (135.0 | ) | 3.8 | 28.8 | (138.9 | ) | (163.9 | ) | |||||||||||||||
Net Unrealized Gains on Other Securities |
18 | (46.0 | ) | 12.6 | (2.7 | ) | (58.7 | ) | (43.3 | ) | ||||||||||||||
Net Deferred Hedge Gains |
19 | (99.3 | ) | (12.9 | ) | 24.5 | (86.3 | ) | (123.8 | ) | ||||||||||||||
Other |
20 | (39.9 | ) | 4.1 | 6.9 | (44.0 | ) | (46.8 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total Deferred Tax Liabilities | 21 | (320.4 | ) | 7.6 | 57.5 | (328.0 | ) | (378.0 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Net Deferred Tax Assets (Liabilities) [16 + 21] |
22 | 370.8 | 72.7 | 22.4 | 298.0 | 348.4 | ||||||||||||||||||
Tax effects related to Net Unrealized Losses (Gains) on Other Securities *2 |
23 | (29.3 | ) | 14.8 | (29.3 | ) | (44.2 | ) | 0.0 | |||||||||||||||
Tax effects related to Net Deferred Hedge Losses (Gains) |
24 | (96.3 | ) | (18.6 | ) | 24.1 | (77.7 | ) | (120.4 | ) | ||||||||||||||
Tax effects related to others |
25 | 496.5 | 76.4 | 27.6 | 420.0 | 468.8 |
*1 | Amount related to Retirement Benefits Accounting includes ¥(93.5) billion related to gains on securities contributed to employee retirement benefit trust. |
*2 | Tax effects related to Net Unrealized Losses (Gains) on Other Securities is the amount after deducting Valuation Allowance. |
The above includes forward-looking information. See the disclaimer at the end of the table of contents located at the beginning of this document.
42
Mizuho Financial Group, Inc.
IV. OTHERS
1. Breakdown of Deposits (Domestic Offices)
Non-Consolidated
Aggregated Figures of the 3 Banks
(Billions of yen) | ||||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Deposits |
71,346.4 | 355.8 | 1,860.8 | 70,990.6 | 69,485.6 | |||||||||||||||
Individual Deposits |
37,307.0 | 296.0 | 841.8 | 37,011.0 | 36,465.2 | |||||||||||||||
Corporate Deposits |
29,537.1 | 28.4 | 1,791.5 | 29,508.6 | 27,745.5 | |||||||||||||||
Financial/Government Institutions |
4,502.3 | 31.3 | (772.5 | ) | 4,470.9 | 5,274.8 | ||||||||||||||
Mizuho Bank |
||||||||||||||||||||
Deposits |
57,689.6 | (14.5 | ) | 1,522.6 | 57,704.1 | 56,166.9 | ||||||||||||||
Individual Deposits |
35,898.7 | 360.7 | 963.2 | 35,538.0 | 34,935.5 | |||||||||||||||
Corporate Deposits |
19,515.2 | 3.0 | 1,027.0 | 19,512.2 | 18,488.1 | |||||||||||||||
Financial/Government Institutions |
2,275.6 | (378.3 | ) | (467.6 | ) | 2,653.9 | 2,743.3 | |||||||||||||
Mizuho Corporate Bank |
||||||||||||||||||||
Deposits |
11,528.4 | 335.3 | 356.0 | 11,193.1 | 11,172.4 | |||||||||||||||
Individual Deposits |
6.8 | 2.4 | (3.7 | ) | 4.3 | 10.6 | ||||||||||||||
Corporate Deposits |
9,425.9 | (29.7 | ) | 702.7 | 9,455.6 | 8,723.1 | ||||||||||||||
Financial/Government Institutions |
2,095.7 | 362.5 | (342.9 | ) | 1,733.1 | 2,438.6 | ||||||||||||||
Mizuho Trust & Banking |
||||||||||||||||||||
Deposits |
2,128.3 | 35.0 | (17.8 | ) | 2,093.3 | 2,146.2 | ||||||||||||||
Individual Deposits |
1,401.4 | (67.1 | ) | (117.6 | ) | 1,468.6 | 1,519.0 | |||||||||||||
Corporate Deposits |
595.9 | 55.1 | 61.7 | 540.8 | 534.2 | |||||||||||||||
Financial/Government Institutions |
130.9 | 47.1 | 38.0 | 83.8 | 92.9 |
* | Above figures are before adjustment of transit accounts for inter-office transactions, and do not include deposits booked at overseas offices and offshore deposits. |
43
Mizuho Financial Group, Inc.
2. Number of Directors and Employees
Aggregated Figures of Mizuho Financial Group, Inc. and the 3 Banks
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Members of the Board of Directors and Auditors |
33 | (5 | ) | (7 | ) | 38 | 40 | |||||||||||||
Executive Officers (excluding those doubling as directors) |
94 | (1 | ) | (3 | ) | 95 | 97 | |||||||||||||
Employees (excluding Executive Officers) |
31,461 | 78 | (396 | ) | 31,383 | 31,857 | ||||||||||||||
* The numbers have been adjusted for Members of the Board of Directors and Auditors and Executive Officers doubling other positions. |
| |||||||||||||||||||
Mizuho Financial Group, Inc. (Non-Consolidated)
Mizuho Financial Group, Inc.
|
| |||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Members of the Board of Directors and Auditors |
14 | | | 14 | 14 | |||||||||||||||
Executive Officers (excluding those doubling as directors) |
11 | 5 | 5 | 6 | 6 | |||||||||||||||
Employees (excluding Executive Officers) |
1,065 | 466 | 522 | 599 | 543 | |||||||||||||||
Non-Consolidated
Mizuho Bank
|
| |||||||||||||||||||
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Members of the Board of Directors and Auditors |
9 | (1 | ) | (2 | ) | 10 | 11 | |||||||||||||
Executive Officers (excluding those doubling as directors) |
55 | 21 | 20 | 34 | 35 | |||||||||||||||
Employees (excluding Executive Officers) |
18,890 | (269 | ) | (808 | ) | 19,159 | 19,698 | |||||||||||||
Mizuho Corporate Bank | ||||||||||||||||||||
Members of the Board of Directors and Auditors |
9 | (1 | ) | (1 | ) | 10 | 10 | |||||||||||||
Executive Officers (excluding those doubling as directors) |
53 | 13 | 12 | 40 | 41 | |||||||||||||||
Employees (excluding Executive Officers) |
8,341 | (109 | ) | | 8,450 | 8,341 | ||||||||||||||
Mizuho Trust & Banking | ||||||||||||||||||||
Members of the Board of Directors and Auditors |
9 | | (1 | ) | 9 | 10 | ||||||||||||||
Executive Officers (excluding those doubling as directors) |
26 | 5 | 5 | 21 | 21 | |||||||||||||||
Employees (excluding Executive Officers) |
3,165 | (10 | ) | (110 | ) | 3,175 | 3,275 |
44
Mizuho Financial Group, Inc.
3. Number of Branches and Offices
Non-Consolidated
Aggregated Figures of the 3 Banks
As of September 30, 2012 | As of March 31, 2012 |
As of September 30, 2011 |
||||||||||||||||||
Change from March 31, 2012 |
Change from September 30, 2011 |
|||||||||||||||||||
Head Offices and Domestic Branches |
452 | 2 | 1 | 450 | 451 | |||||||||||||||
Overseas Branches |
22 | | | 22 | 22 | |||||||||||||||
Domestic Sub-Branches |
54 | 3 | 6 | 51 | 48 | |||||||||||||||
Overseas Sub-Branches |
10 | (1 | ) | (1 | ) | 11 | 11 | |||||||||||||
Overseas Representative Offices |
7 | 1 | 2 | 6 | 5 | |||||||||||||||
* Head Offices and Domestic Branches do not include in-store branches (3), branches and offices for remittance purposes only (42), branches offering account transfer services only (2), branches and offices to maintain shared ATMs only (1), internet branches (1) and pension plan advisory offices (1). |
| |||||||||||||||||||
Mizuho Bank | ||||||||||||||||||||
Head Office and Domestic Branches |
398 | 2 | 1 | 396 | 397 | |||||||||||||||
Overseas Branches |
| | | | | |||||||||||||||
Domestic Sub-Branches |
38 | 1 | | 37 | 38 | |||||||||||||||
Overseas Sub-Branches |
| | | | | |||||||||||||||
Overseas Representative Offices |
| | | | | |||||||||||||||
* Head Offices and Domestic Branches do not include in-store branches (3), branches and offices for remittance purposes only (18), branches offering account transfer services only (2), branches and offices to maintain shared ATMs only (1), internet branches (1) and pension plan advisory offices (1). |
| |||||||||||||||||||
Mizuho Corporate Bank | ||||||||||||||||||||
Head Office and Domestic Branches |
18 | | | 18 | 18 | |||||||||||||||
Overseas Branches |
22 | | | 22 | 22 | |||||||||||||||
Domestic Sub-Branches |
| | | | | |||||||||||||||
Overseas Sub-Branches |
10 | (1 | ) | (1 | ) | 11 | 11 | |||||||||||||
Overseas Representative Offices |
7 | 1 | 2 | 6 | 5 | |||||||||||||||
* Head Office and Domestic Branches do not include branches and offices for remittance purposes only (24). |
| |||||||||||||||||||
Mizuho Trust & Banking | ||||||||||||||||||||
Head Office and Domestic Branches |
36 | | | 36 | 36 | |||||||||||||||
Overseas Branches |
| | | | | |||||||||||||||
Domestic Sub-Branches |
16 | 2 | 6 | 14 | 10 | |||||||||||||||
Overseas Sub-Branches |
| | | | | |||||||||||||||
Overseas Representative Offices |
| | | | |
45
Mizuho Financial Group, Inc.
4. Earnings Plan for Fiscal 2012
Consolidated
(Billions of yen) | ||||
Fiscal 2012 | ||||
Ordinary Profits |
700.0 | |||
Net Income |
500.0 |
Mizuho Bank, Mizuho Corporate Bank, Mizuho Trust & Banking
Aggregated Figures of the 3 Banks (Non-consolidated)
(Billions of yen) | ||||||||||||||||
Fiscal 2012 | ||||||||||||||||
Aggregated Figures | MHBK | MHCB | MHTB | |||||||||||||
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) |
873.0 | 330.0 | 490.0 | 53.0 | ||||||||||||
Ordinary Profits |
495.0 | 190.0 | 280.0 | 25.0 | ||||||||||||
Net Income |
410.0 | 145.0 | 240.0 | 25.0 | ||||||||||||
Credit-related Costs |
(50.0 | ) | (20.0 | ) | (25.0 | ) | (5.0 | ) |
* | Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) of MHTB excludes the amounts of Credit Costs for Trust Accounts. |
The above includes forward-looking information. See the disclaimer at the end of the table of contents located at the beginning of this document.
46
Mizuho Bank, Ltd.
(Attachments)
COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items) OF MIZUHO BANK
Millions of yen | ||||||||||||||||||||
As of September 30, 2012 (A) |
As of September 30, 2011 (B) |
Change (A) - (B) |
As of March 31, 2012 (C) |
Change (A) - (C) |
||||||||||||||||
Assets |
||||||||||||||||||||
Cash and Due from Banks |
¥ | 3,654,528 | ¥ | 3,002,895 | ¥ | 651,633 | ¥ | 3,076,523 | ¥ | 578,005 | ||||||||||
Call Loans |
9,740,000 | 8,640,000 | 1,100,000 | 8,640,000 | 1,100,000 | |||||||||||||||
Guarantee Deposits Paid under Securities Borrowing Transactions |
516,417 | 276,082 | 240,335 | 705,783 | (189,365 | ) | ||||||||||||||
Other Debt Purchased |
626,366 | 840,569 | (214,203 | ) | 764,040 | (137,673 | ) | |||||||||||||
Trading Assets |
1,034,268 | 1,109,753 | (75,485 | ) | 1,106,364 | (72,095 | ) | |||||||||||||
Money Held in Trust |
922 | 928 | (6 | ) | 965 | (42 | ) | |||||||||||||
Securities |
24,936,480 | 23,306,191 | 1,630,289 | 25,199,189 | (262,708 | ) | ||||||||||||||
Loans and Bills Discounted |
31,502,656 | 31,977,021 | (474,364 | ) | 32,540,885 | (1,038,229 | ) | |||||||||||||
Foreign Exchange Assets |
104,367 | 108,307 | (3,939 | ) | 109,477 | (5,109 | ) | |||||||||||||
Other Assets |
1,907,400 | 2,439,850 | (532,449 | ) | 2,017,217 | (109,817 | ) | |||||||||||||
Tangible Fixed Assets |
717,625 | 737,329 | (19,703 | ) | 735,924 | (18,298 | ) | |||||||||||||
Intangible Fixed Assets |
220,339 | 220,037 | 302 | 221,406 | (1,066 | ) | ||||||||||||||
Deferred Tax Assets |
214,694 | 236,455 | (21,760 | ) | 222,795 | (8,100 | ) | |||||||||||||
Customers Liabilities for Acceptances and Guarantees |
972,501 | 938,033 | 34,468 | 959,117 | 13,384 | |||||||||||||||
Reserves for Possible Losses on Loans |
(329,032 | ) | (377,370 | ) | 48,337 | (344,674 | ) | 15,642 | ||||||||||||
Reserve for Possible Losses on Investments |
(12 | ) | (1 | ) | (10 | ) | (1 | ) | (10 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Assets |
¥ | 75,819,526 | ¥ | 73,456,083 | ¥ | 2,363,442 | ¥ | 75,955,014 | ¥ | (135,488 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Liabilities |
||||||||||||||||||||
Deposits |
¥ | 57,708,344 | ¥ | 56,207,106 | ¥ | 1,501,237 | ¥ | 57,744,476 | ¥ | (36,132 | ) | |||||||||
Negotiable Certificates of Deposit |
1,369,240 | 1,028,630 | 340,610 | 1,267,290 | 101,950 | |||||||||||||||
Debentures |
| 25,932 | (25,932 | ) | | | ||||||||||||||
Call Money |
1,429,100 | 1,393,125 | 35,974 | 1,193,800 | 235,300 | |||||||||||||||
Guarantee Deposits Received under Securities Lending Transactions |
3,100,752 | 2,684,429 | 416,322 | 2,410,375 | 690,377 | |||||||||||||||
Trading Liabilities |
272,751 | 315,244 | (42,492 | ) | 275,934 | (3,183 | ) | |||||||||||||
Borrowed Money |
5,310,024 | 5,186,932 | 123,091 | 6,753,601 | (1,443,576 | ) | ||||||||||||||
Foreign Exchange Liabilities |
10,127 | 12,962 | (2,834 | ) | 12,397 | (2,269 | ) | |||||||||||||
Bonds and Notes |
781,800 | 780,800 | 1,000 | 738,200 | 43,600 | |||||||||||||||
Other Liabilities |
2,537,738 | 2,709,412 | (171,673 | ) | 2,266,795 | 270,943 | ||||||||||||||
Reserve for Bonus Payments |
8,059 | 8,487 | (428 | ) | 8,948 | (888 | ) | |||||||||||||
Reserve for Reimbursement of Deposits |
14,845 | 14,893 | (48 | ) | 14,612 | 233 | ||||||||||||||
Reserve for Reimbursement of Debentures |
24,515 | 15,245 | 9,270 | 20,193 | 4,322 | |||||||||||||||
Deferred Tax Liabilities for Revaluation Reserve for Land |
66,376 | 75,806 | (9,429 | ) | 66,381 | (4 | ) | |||||||||||||
Acceptances and Guarantees |
972,501 | 938,033 | 34,468 | 959,117 | 13,384 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities |
73,606,179 | 71,397,042 | 2,209,136 | 73,732,123 | (125,944 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Net Assets |
||||||||||||||||||||
Common Stock and Preferred Stock |
700,000 | 700,000 | | 700,000 | | |||||||||||||||
Capital Surplus |
1,057,242 | 1,057,242 | | 1,057,242 | | |||||||||||||||
Capital Reserve |
490,707 | 490,707 | | 490,707 | | |||||||||||||||
Other Capital Surplus |
566,535 | 566,535 | | 566,535 | | |||||||||||||||
Retained Earnings |
301,785 | 259,205 | 42,580 | 371,745 | (69,959 | ) | ||||||||||||||
Appropriated Reserve |
19,493 | 1,332 | 18,161 | 1,332 | 18,161 | |||||||||||||||
Other Retained Earnings |
282,291 | 257,872 | 24,419 | 370,413 | (88,121 | ) | ||||||||||||||
Retained Earnings Brought Forward |
282,291 | 257,872 | 24,419 | 370,413 | (88,121 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Shareholders Equity |
2,059,028 | 2,016,447 | 42,580 | 2,128,988 | (69,959 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
41,915 | (63,297 | ) | 105,213 | (10,556 | ) | 52,472 | |||||||||||||
Net Deferred Hedge Gains (Losses), net of Taxes |
(3,670 | ) | (747 | ) | (2,923 | ) | (11,621 | ) | 7,951 | |||||||||||
Revaluation Reserve for Land, net of Taxes |
116,073 | 106,638 | 9,434 | 116,081 | (7 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Valuation and Translation Adjustments |
154,318 | 42,593 | 111,725 | 93,903 | 60,415 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Net Assets |
2,213,347 | 2,059,041 | 154,305 | 2,222,891 | (9,544 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities and Net Assets |
¥ | 75,819,526 | ¥ | 73,456,083 | ¥ | 2,363,442 | ¥ | 75,955,014 | ¥ | (135,488 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
47
Mizuho Bank, Ltd.
COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME (selected items) OF MIZUHO BANK
Millions of yen | ||||||||||||||||
For the six months ended September 30, 2012 (A) |
For the six months ended September 30, 2011 (B) |
Change
(A) - (B) |
For the fiscal year ended March 31, 2012 |
|||||||||||||
Ordinary Income |
¥ | 557,002 | ¥ | 515,560 | ¥ | 41,441 | ¥ | 1,068,214 | ||||||||
Interest Income |
305,382 | 318,258 | (12,876 | ) | 634,488 | |||||||||||
Interest on Loans and Bills Discounted |
211,887 | 224,749 | (12,862 | ) | 444,381 | |||||||||||
Interest and Dividends on Securities |
59,652 | 57,096 | 2,556 | 117,172 | ||||||||||||
Fee and Commission Income |
106,385 | 97,171 | 9,213 | 203,465 | ||||||||||||
Trading Income |
23,476 | 28,195 | (4,719 | ) | 23,337 | |||||||||||
Other Operating Income |
81,766 | 30,635 | 51,130 | 98,743 | ||||||||||||
Other Ordinary Income |
39,991 | 41,298 | (1,306 | ) | 108,179 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Ordinary Expenses |
496,818 | 461,354 | 35,463 | 876,840 | ||||||||||||
Interest Expenses |
43,686 | 45,615 | (1,928 | ) | 89,116 | |||||||||||
Interest on Deposits |
15,963 | 19,046 | (3,083 | ) | 35,658 | |||||||||||
Interest on Debentures |
| 339 | (339 | ) | 384 | |||||||||||
Fee and Commission Expenses |
31,056 | 30,256 | 799 | 55,720 | ||||||||||||
Trading Expenses |
| | | 675 | ||||||||||||
Other Operating Expenses |
8,046 | 16,171 | (8,125 | ) | 15,853 | |||||||||||
General and Administrative Expenses |
286,003 | 300,009 | (14,005 | ) | 603,972 | |||||||||||
Other Ordinary Expenses |
128,026 | 69,302 | 58,724 | 111,501 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Ordinary Profits |
60,183 | 54,205 | 5,977 | 191,374 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Extraordinary Gains |
34 | 38 | (3 | ) | 101 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Extraordinary Losses |
1,942 | 29,525 | (27,583 | ) | 36,670 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Income before Income Taxes |
58,275 | 24,718 | 33,557 | 154,805 | ||||||||||||
Income Taxes: |
||||||||||||||||
Current |
43,447 | 219 | 43,228 | 436 | ||||||||||||
Deferred |
(6,010 | ) | 6,894 | (12,904 | ) | 24,213 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Income |
¥ | 20,838 | ¥ | 17,604 | ¥ | 3,234 | ¥ | 130,155 | ||||||||
|
|
|
|
|
|
|
|
48
Mizuho Bank, Ltd.
NON-CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS OF MIZUHO BANK
Millions of yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholders Equity | Valuation and Translation Adjustments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital Surplus | Retained Earnings | Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
Net Deferred Hedge Gains (Losses), net of Taxes |
Revaluation Reserve for Land, net of Taxes |
Total Valuation and Translation Adjustments |
Total Net Assets |
||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock and Preferred Stock |
Capital Reserve |
Other Capital Surplus |
Total Capital Surplus |
Appropriated Reserve |
Other Retained Earnings |
Total Retained Earnings |
Treasury Stock |
Total Shareholders Equity |
||||||||||||||||||||||||||||||||||||||||||||||||
Retained Earnings Brought Forward |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of April 1, 2012 |
¥ | 700,000 | ¥ | 490,707 | ¥ | 566,535 | ¥ | 1,057,242 | ¥ | 1,332 | ¥ | 370,413 | ¥ | 371,745 | | ¥ | 2,128,988 | ¥ | (10,556 | ) | ¥ | (11,621 | ) | ¥ | 116,081 | ¥ | 93,903 | ¥ | 2,222,891 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Changes during the period |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash Dividends |
| | | | 18,161 | (108,967 | ) | (90,806 | ) | | (90,806 | ) | | | | | (90,806 | ) | ||||||||||||||||||||||||||||||||||||||
Net Income |
| | | | | 20,838 | 20,838 | | 20,838 | | | | | 20,838 | ||||||||||||||||||||||||||||||||||||||||||
Transfer from Revaluation Reserve for Land, net of Taxes |
| | | | | 7 | 7 | | 7 | | | | | 7 | ||||||||||||||||||||||||||||||||||||||||||
Net Changes in Items other than Shareholders Equity |
| | | | | | | | | 52,472 | 7,951 | (7 | ) | 60,415 | 60,415 | |||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Total Changes during the period |
| | | | 18,161 | (88,121 | ) | (69,959 | ) | | (69,959 | ) | 52,472 | 7,951 | (7 | ) | 60,415 | (9,544 | ) | |||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Balance as of September 30, 2012 |
¥ | 700,000 | ¥ | 490,707 | ¥ | 566,535 | ¥ | 1,057,242 | ¥ | 19,493 | ¥ | 282,291 | ¥ | 301,785 | | ¥ | 2,059,028 | ¥ | 41,915 | ¥ | (3,670 | ) | ¥ | 116,073 | ¥ | 154,318 | ¥ | 2,213,347 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49
Mizuho Corporate Bank, Ltd.
COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items) OF MIZUHO CORPORATE BANK
Millions of yen | ||||||||||||||||||||
As of September 30, 2012 (A) |
As of September 30, 2011 (B) |
Change (A) - (B) |
As of March 31, 2012 (C) |
Change (A) - (C) |
||||||||||||||||
Assets |
||||||||||||||||||||
Cash and Due from Banks |
¥ | 4,883,608 | ¥ | 3,562,044 | ¥ | 1,321,563 | ¥ | 4,426,242 | ¥ | 457,365 | ||||||||||
Call Loans |
237,109 | 224,773 | 12,336 | 229,155 | 7,954 | |||||||||||||||
Receivables under Resale Agreements |
642,402 | 731,014 | (88,612 | ) | 1,006,263 | (363,860 | ) | |||||||||||||
Guarantee Deposits Paid under Securities Borrowing Transactions |
1,706,908 | 1,240,053 | 466,854 | 1,293,030 | 413,877 | |||||||||||||||
Other Debt Purchased |
127,438 | 90,113 | 37,325 | 113,670 | 13,768 | |||||||||||||||
Trading Assets |
5,114,991 | 5,037,747 | 77,243 | 4,423,962 | 691,028 | |||||||||||||||
Money Held in Trust |
2,837 | 101 | 2,736 | 1 | 2,836 | |||||||||||||||
Securities |
22,602,838 | 22,842,729 | (239,891 | ) | 24,789,261 | (2,186,422 | ) | |||||||||||||
Loans and Bills Discounted |
28,440,310 | 26,273,753 | 2,166,557 | 28,058,800 | 381,510 | |||||||||||||||
Foreign Exchange Assets |
892,226 | 868,334 | 23,892 | 879,653 | 12,572 | |||||||||||||||
Derivatives other than for Trading |
4,683,463 | 6,578,953 | (1,895,489 | ) | 5,209,806 | (526,343 | ) | |||||||||||||
Other Assets |
980,724 | 896,108 | 84,615 | 1,378,450 | (397,725 | ) | ||||||||||||||
Tangible Fixed Assets |
90,743 | 100,018 | (9,274 | ) | 94,695 | (3,952 | ) | |||||||||||||
Intangible Fixed Assets |
60,356 | 67,710 | (7,354 | ) | 63,166 | (2,810 | ) | |||||||||||||
Deferred Tax Assets |
139,985 | 95,208 | 44,776 | 62,494 | 77,491 | |||||||||||||||
Customers Liabilities for Acceptances and Guarantees |
3,770,965 | 3,436,433 | 334,531 | 3,953,368 | (182,403 | ) | ||||||||||||||
Reserves for Possible Losses on Loans |
(209,477 | ) | (209,803 | ) | 326 | (220,237 | ) | 10,760 | ||||||||||||
Reserve for Possible Losses on Investments |
(991 | ) | (2,496 | ) | 1,504 | (1,174 | ) | 182 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Assets |
¥ | 74,166,440 | ¥ | 71,832,800 | ¥ | 2,333,640 | ¥ | 75,760,611 | ¥ | (1,594,170 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Liabilities |
||||||||||||||||||||
Deposits |
¥ | 19,855,676 | ¥ | 19,606,163 | ¥ | 249,513 | ¥ | 19,679,512 | ¥ | 176,164 | ||||||||||
Negotiable Certificates of Deposit |
10,314,363 | 9,396,772 | 917,590 | 9,831,173 | 483,189 | |||||||||||||||
Call Money |
12,813,011 | 11,470,813 | 1,342,197 | 11,946,104 | 866,906 | |||||||||||||||
Payables under Repurchase Agreements |
4,471,711 | 3,694,078 | 777,633 | 4,572,422 | (100,710 | ) | ||||||||||||||
Guarantee Deposits Received under Securities Lending Transactions |
2,920,338 | 2,119,688 | 800,650 | 3,629,352 | (709,013 | ) | ||||||||||||||
Trading Liabilities |
3,530,933 | 3,887,000 | (356,067 | ) | 3,332,789 | 198,143 | ||||||||||||||
Borrowed Money |
4,456,681 | 4,860,088 | (403,406 | ) | 5,584,005 | (1,127,323 | ) | |||||||||||||
Foreign Exchange Liabilities |
258,690 | 214,967 | 43,723 | 268,281 | (9,590 | ) | ||||||||||||||
Short-term Bonds |
68,300 | 109,500 | (41,200 | ) | 97,400 | (29,100 | ) | |||||||||||||
Bonds and Notes |
3,007,617 | 3,174,259 | (166,642 | ) | 3,112,154 | (104,537 | ) | |||||||||||||
Derivatives other than for Trading |
4,288,785 | 5,968,956 | (1,680,171 | ) | 5,168,223 | (879,438 | ) | |||||||||||||
Other Liabilities |
854,537 | 479,948 | 374,588 | 938,212 | (83,675 | ) | ||||||||||||||
Reserve for Bonus Payments |
4,811 | 4,592 | 218 | 8,131 | (3,320 | ) | ||||||||||||||
Reserve for Possible Losses on Sales of Loans |
20 | 686 | (666 | ) | 8 | 12 | ||||||||||||||
Reserve for Contingencies |
1,240 | 1,027 | 212 | 2,003 | (762 | ) | ||||||||||||||
Deferred Tax Liabilities for Revaluation Reserve for Land |
16,209 | 20,819 | (4,609 | ) | 16,861 | (652 | ) | |||||||||||||
Acceptances and Guarantees |
3,770,965 | 3,436,433 | 334,531 | 3,953,368 | (182,403 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities |
70,633,893 | 68,445,797 | 2,188,096 | 72,140,005 | (1,506,112 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Net Assets |
||||||||||||||||||||
Common Stock and Preferred Stock |
1,404,065 | 1,404,065 | | 1,404,065 | | |||||||||||||||
Capital Surplus |
1,039,244 | 1,039,244 | | 1,039,244 | | |||||||||||||||
Capital Reserve |
578,540 | 578,540 | | 578,540 | | |||||||||||||||
Other Capital Surplus |
460,703 | 460,703 | | 460,703 | | |||||||||||||||
Retained Earnings |
941,875 | 846,337 | 95,537 | 990,701 | (48,826 | ) | ||||||||||||||
Appropriated Reserve |
29,443 | 1,355 | 28,087 | 1,355 | 28,087 | |||||||||||||||
Other Retained Earnings |
912,431 | 844,981 | 67,449 | 989,345 | (76,913 | ) | ||||||||||||||
Retained Earnings Brought Forward |
912,431 | 844,981 | 67,449 | 989,345 | (76,913 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Shareholders Equity |
3,385,184 | 3,289,646 | 95,537 | 3,434,010 | (48,826 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
(59,383 | ) | (111,665 | ) | 52,281 | 2,024 | (61,408 | ) | ||||||||||||
Net Deferred Hedge Gains (Losses), net of Taxes |
179,370 | 180,571 | (1,200 | ) | 156,015 | 23,354 | ||||||||||||||
Revaluation Reserve for Land, net of Taxes |
27,375 | 28,450 | (1,074 | ) | 28,554 | (1,178 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Valuation and Translation Adjustments |
147,362 | 97,356 | 50,006 | 186,594 | (39,232 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Net Assets |
3,532,547 | 3,387,003 | 145,543 | 3,620,605 | (88,058 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities and Net Assets |
¥ | 74,166,440 | ¥ | 71,832,800 | ¥ | 2,333,640 | ¥ | 75,760,611 | ¥ | (1,594,170 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
50
Mizuho Corporate Bank, Ltd.
COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME (selected items) OF MIZUHO CORPORATE BANK
Millions of yen | ||||||||||||||||
For the six months ended September 30, 2012 (A) |
For the six
months ended September 30, 2011 (B) |
Change
(A) - (B) |
For the fiscal year ended March 31, 2012 |
|||||||||||||
Ordinary Income |
¥ | 575,872 | ¥ | 541,871 | ¥ | 34,000 | ¥ | 1,075,096 | ||||||||
Interest Income |
323,635 | 322,514 | 1,121 | 675,903 | ||||||||||||
Interest on Loans and Bills Discounted |
181,135 | 165,504 | 15,631 | 354,552 | ||||||||||||
Interest and Dividends on Securities |
100,283 | 103,424 | (3,141 | ) | 214,666 | |||||||||||
Fee and Commission Income |
76,335 | 70,788 | 5,546 | 158,169 | ||||||||||||
Trading Income |
21,469 | 4,220 | 17,249 | 21,272 | ||||||||||||
Other Operating Income |
133,731 | 130,292 | 3,438 | 198,487 | ||||||||||||
Other Ordinary Income |
20,699 | 14,055 | 6,644 | 21,263 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Ordinary Expenses |
480,818 | 390,902 | 89,916 | 724,882 | ||||||||||||
Interest Expenses |
130,747 | 132,473 | (1,725 | ) | 280,892 | |||||||||||
Interest on Deposits |
23,327 | 24,251 | (923 | ) | 52,913 | |||||||||||
Fee and Commission Expenses |
11,819 | 11,336 | 483 | 23,248 | ||||||||||||
Trading Expenses |
235 | 1,920 | (1,685 | ) | | |||||||||||
Other Operating Expenses |
25,644 | 34,352 | (8,708 | ) | 67,931 | |||||||||||
General and Administrative Expenses |
123,961 | 125,435 | (1,474 | ) | 263,302 | |||||||||||
Other Ordinary Expenses |
188,411 | 85,384 | 103,026 | 89,507 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Ordinary Profits |
95,053 | 150,969 | (55,915 | ) | 350,214 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Extraordinary Gains |
613 | 55 | 558 | 1,438 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Extraordinary Losses |
2,111 | 678 | 1,432 | 1,401 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Income before Income Taxes |
93,556 | 150,346 | (56,790 | ) | 350,251 | |||||||||||
Income Taxes: |
||||||||||||||||
Current |
71,217 | 11,756 | 59,461 | 40,348 | ||||||||||||
Deferred |
(68,095 | ) | 13,466 | (81,561 | ) | 42,700 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Income |
¥ | 90,433 | ¥ | 125,123 | ¥ | (34,689 | ) | ¥ | 267,201 | |||||||
|
|
|
|
|
|
|
|
51
Mizuho Corporate Bank, Ltd.
NON-CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS OF MIZUHO CORPORATE BANK
Millions of yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholders Equity | Valuation and Translation Adjustments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock and Preferred Stock |
Capital Surplus | Retained Earnings | Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
Net Deferred Hedge Gains (Losses), net of Taxes |
Revaluation Reserve for Land, net of Taxes |
Total Valuation and Translation Adjustments |
Total Net Assets |
|||||||||||||||||||||||||||||||||||||||||||||||||
Capital Reserve |
Other Capital Surplus |
Total Capital Surplus |
Appropriated Reserve |
Other Retained Earnings |
Total Retained Earnings |
Treasury Stock |
Total Shareholders Equity |
|||||||||||||||||||||||||||||||||||||||||||||||||
Retained Earnings Brought Forward |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of April 1, 2012 |
¥ | 1,404,065 | ¥ | 578,540 | ¥ | 460,703 | ¥ | 1,039,244 | ¥ | 1,355 | ¥ | 989,345 | ¥ | 990,701 | | ¥ | 3,434,010 | ¥ | 2,024 | ¥ | 156,015 | ¥ | 28,554 | ¥ | 186,594 | ¥ | 3,620,605 | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Changes during the period |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash Dividends |
| | | | 28,087 | (168,525 | ) | (140,438 | ) | | (140,438 | ) | | | | | (140,438 | ) | ||||||||||||||||||||||||||||||||||||||
Net Income |
| | | | | 90,433 | 90,433 | | 90,433 | | | | | 90,433 | ||||||||||||||||||||||||||||||||||||||||||
Transfer from Revaluation Reserve for Land, net of Taxes |
| | | | | 1,178 | 1,178 | | 1,178 | | | | | 1,178 | ||||||||||||||||||||||||||||||||||||||||||
Net Changes in Items other than Shareholders Equity |
| | | | | | | | | (61,408 | ) | 23,354 | (1,178 | ) | (39,232 | ) | (39,232 | ) | ||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Total Changes during the period |
| | | | 28,087 | (76,913 | ) | (48,826 | ) | | (48,826 | ) | (61,408 | ) | 23,354 | (1,178 | ) | (39,232 | ) | (88,058 | ) | |||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Balance as of September 30, 2012 |
¥ | 1,404,065 | ¥ | 578,540 | ¥ | 460,703 | ¥ | 1,039,244 | ¥ | 29,443 | ¥ | 912,431 | ¥ | 941,875 | | ¥ | 3,385,184 | ¥ | (59,383 | ) | ¥ | 179,370 | ¥ | 27,375 | ¥ | 147,362 | ¥ | 3,532,547 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52
Mizuho Trust & Banking Co., Ltd.
COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items) OF MIZUHO TRUST & BANKING
Millions of yen | ||||||||||||||||||||
As of September 30, 2012 (A) |
As of September 30, 2011 (B) |
Change (A) - (B) |
As of March 31, 2012 (C) |
Change (A) - (C) |
||||||||||||||||
Assets |
||||||||||||||||||||
Cash and Due from Banks |
¥ | 651,427 | ¥ | 534,316 | ¥ | 117,111 | ¥ | 655,446 | ¥ | (4,018 | ) | |||||||||
Call Loans |
1,551 | 17,279 | (15,728 | ) | 4,928 | (3,377 | ) | |||||||||||||
Other Debt Purchased |
88,242 | 112,485 | (24,242 | ) | 91,187 | (2,944 | ) | |||||||||||||
Trading Assets |
73,780 | 70,040 | 3,739 | 65,117 | 8,662 | |||||||||||||||
Securities |
1,729,967 | 2,129,273 | (399,305 | ) | 2,114,064 | (384,096 | ) | |||||||||||||
Loans and Bills Discounted |
3,480,940 | 3,342,652 | 138,288 | 3,278,976 | 201,964 | |||||||||||||||
Foreign Exchange Assets |
178 | 187 | (8 | ) | 137 | 40 | ||||||||||||||
Other Assets |
110,986 | 138,339 | (27,353 | ) | 141,083 | (30,097 | ) | |||||||||||||
Tangible Fixed Assets |
27,976 | 28,727 | (751 | ) | 28,567 | (591 | ) | |||||||||||||
Intangible Fixed Assets |
18,070 | 19,373 | (1,302 | ) | 18,444 | (373 | ) | |||||||||||||
Deferred Tax Assets |
16,195 | 16,808 | (612 | ) | 12,809 | 3,386 | ||||||||||||||
Customers Liabilities for Acceptances and Guarantees |
49,199 | 49,518 | (319 | ) | 49,548 | (349 | ) | |||||||||||||
Reserves for Possible Losses on Loans |
(16,666 | ) | (17,377 | ) | 711 | (17,971 | ) | 1,305 | ||||||||||||
Reserve for Possible Losses on Investments |
(9 | ) | | (9 | ) | (0 | ) | (9 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Assets |
¥ | 6,231,841 | ¥ | 6,441,625 | ¥ | (209,783 | ) | ¥ | 6,442,339 | ¥ | (210,497 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Liabilities |
||||||||||||||||||||
Deposits |
¥ | 2,194,700 | ¥ | 2,157,421 | ¥ | 37,278 | ¥ | 2,104,687 | ¥ | 90,013 | ||||||||||
Negotiable Certificates of Deposit |
930,040 | 1,047,030 | (116,990 | ) | 1,000,640 | (70,600 | ) | |||||||||||||
Call Money |
743,232 | 700,464 | 42,768 | 780,724 | (37,491 | ) | ||||||||||||||
Guarantee Deposits Received under Securities Lending Transactions |
358,039 | 287,236 | 70,802 | 384,723 | (26,683 | ) | ||||||||||||||
Trading Liabilities |
70,743 | 70,814 | (71 | ) | 65,282 | 5,461 | ||||||||||||||
Borrowed Money |
516,670 | 816,100 | (299,430 | ) | 766,352 | (249,682 | ) | |||||||||||||
Foreign Exchange Liabilities |
2 | 2 | 0 | 14 | (11 | ) | ||||||||||||||
Bonds and Notes |
78,700 | 88,500 | (9,800 | ) | 88,500 | (9,800 | ) | |||||||||||||
Due to Trust Accounts |
902,518 | 862,710 | 39,807 | 805,241 | 97,276 | |||||||||||||||
Other Liabilities |
22,871 | 23,378 | (506 | ) | 22,444 | 427 | ||||||||||||||
Reserve for Bonus Payments |
1,838 | 1,963 | (124 | ) | 1,942 | (104 | ) | |||||||||||||
Reserve for Contingencies |
13,285 | 13,306 | (20 | ) | 13,520 | (234 | ) | |||||||||||||
Reserve for Reimbursement of Deposits |
1,167 | 1,196 | (28 | ) | 1,157 | 10 | ||||||||||||||
Acceptances and Guarantees |
49,199 | 49,518 | (319 | ) | 49,548 | (349 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities |
5,883,011 | 6,119,644 | (236,633 | ) | 6,084,780 | (201,769 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Net Assets |
||||||||||||||||||||
Common Stock and Preferred Stock |
247,369 | 247,369 | | 247,369 | | |||||||||||||||
Capital Surplus |
15,505 | 15,505 | | 15,505 | | |||||||||||||||
Capital Reserve |
15,505 | 15,505 | | 15,505 | | |||||||||||||||
Retained Earnings |
74,792 | 51,796 | 22,995 | 72,827 | 1,964 | |||||||||||||||
Appropriated Reserve |
9,508 | 9,508 | | 9,508 | | |||||||||||||||
Other Retained Earnings |
65,283 | 42,288 | 22,995 | 63,319 | 1,964 | |||||||||||||||
Retained Earnings Brought Forward |
65,283 | 42,288 | 22,995 | 63,319 | 1,964 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Shareholders Equity |
337,667 | 314,671 | 22,995 | 335,702 | 1,964 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
12,952 | 11,607 | 1,345 | 25,988 | (13,035 | ) | ||||||||||||||
Net Deferred Hedge Gains (Losses), net of Taxes |
(1,789 | ) | (4,298 | ) | 2,508 | (4,132 | ) | 2,342 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Valuation and Translation Adjustments |
11,163 | 7,309 | 3,854 | 21,856 | (10,693 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Net Assets |
348,830 | 321,981 | 26,849 | 357,559 | (8,728 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities and Net Assets |
¥ | 6,231,841 | ¥ | 6,441,625 | ¥ | (209,783 | ) | ¥ | 6,442,339 | ¥ | (210,497 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|
53
Mizuho Trust & Banking Co., Ltd.
COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME (selected items) OF MIZUHO TRUST & BANKING
Millions of yen | ||||||||||||||||
For the six months ended September 30, 2012 (A) |
For the six months ended September 30, 2011 (B) |
Change
(A) - (B) |
For the fiscal year ended March 31, 2012 |
|||||||||||||
Ordinary Income |
¥ | 82,437 | ¥ | 86,643 | ¥ | (4,205 | ) | ¥ | 174,920 | |||||||
Fiduciary Income |
23,583 | 24,242 | (659 | ) | 48,450 | |||||||||||
Interest Income |
28,074 | 30,243 | (2,169 | ) | 59,410 | |||||||||||
Interest on Loans and Bills Discounted |
19,620 | 21,325 | (1,704 | ) | 41,669 | |||||||||||
Interest and Dividends on Securities |
7,552 | 7,819 | (266 | ) | 15,617 | |||||||||||
Fee and Commission Income |
20,404 | 20,830 | (425 | ) | 45,156 | |||||||||||
Trading Income |
673 | 1,029 | (356 | ) | 2,061 | |||||||||||
Other Operating Income |
6,191 | 7,101 | (909 | ) | 13,385 | |||||||||||
Other Ordinary Income |
3,510 | 3,196 | 314 | 6,456 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Ordinary Expenses |
79,581 | 72,397 | 7,184 | 138,859 | ||||||||||||
Interest Expenses |
6,894 | 8,855 | (1,961 | ) | 16,687 | |||||||||||
Interest on Deposits |
1,591 | 2,475 | (883 | ) | 4,478 | |||||||||||
Fee and Commission Expenses |
12,331 | 11,772 | 559 | 22,949 | ||||||||||||
Trading Expenses |
6 | | 6 | | ||||||||||||
Other Operating Expenses |
454 | 463 | (8 | ) | 1,747 | |||||||||||
General and Administrative Expenses |
40,997 | 43,623 | (2,625 | ) | 86,064 | |||||||||||
Other Ordinary Expenses |
18,896 | 7,682 | 11,214 | 11,410 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Ordinary Profits |
2,856 | 14,245 | (11,389 | ) | 36,060 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Extraordinary Gains |
254 | | 254 | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Extraordinary Losses |
681 | 28 | 653 | 107 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Income before Income Taxes |
2,428 | 14,217 | (11,788 | ) | 35,953 | |||||||||||
Income Taxes: |
||||||||||||||||
Current |
3,507 | 4 | 3,502 | (5 | ) | |||||||||||
Deferred |
(3,043 | ) | 4,451 | (7,494 | ) | 5,167 | ||||||||||
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Net Income |
¥ | 1,964 | ¥ | 9,760 | ¥ | (7,796 | ) | ¥ | 30,791 | |||||||
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54
Mizuho Trust & Banking Co., Ltd.
NON-CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS OF MIZUHO TRUST & BANKING
Millions of yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholders Equity | Valuation and Translation Adjustments | Total Net Assets |
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Common Stock and Preferred Stock |
Capital Surplus | Retained Earnings | Treasury Stock |
Total Shareholders Equity |
Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
Net Deferred Hedge Gains (Losses), net of Taxes |
Total Valuation and Translation Adjustments |
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Capital Reserve |
Other Capital Surplus |
Total Capital Surplus |
Appropriated Reserve |
Other Retained Earnings |
Total Retained Earnings |
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Retained Earnings Brought Forward |
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Balance as of April 1, 2012 |
¥ | 247,369 | ¥ | 15,505 | | ¥ | 15,505 | ¥ | 9,508 | ¥ | 63,319 | ¥ | 72,827 | | ¥ | 335,702 | ¥ | 25,988 | ¥ | (4,132 | ) | ¥ | 21,856 | ¥ | 357,559 | |||||||||||||||||||||||||||
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Changes during the period |
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Net Income |
| | | | | 1,964 | 1,964 | | 1,964 | | | | 1,964 | |||||||||||||||||||||||||||||||||||||||
Net Changes in Items other than Shareholders Equity |
| | | | | | | | | (13,035 | ) | 2,342 | (10,693 | ) | (10,693 | ) | ||||||||||||||||||||||||||||||||||||
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Total Changes during the period |
| | | | | 1,964 | 1,964 | | 1,964 | (13,035 | ) | 2,342 | (10,693 | ) | (8,728 | ) | ||||||||||||||||||||||||||||||||||||
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Balance as of September 30, 2012 |
¥ | 247,369 | ¥ | 15,505 | | ¥ | 15,505 | ¥ | 9,508 | ¥ | 65,283 | ¥ | 74,792 | | ¥ | 337,667 | ¥ | 12,952 | ¥ | (1,789 | ) | ¥ | 11,163 | ¥ | 348,830 | |||||||||||||||||||||||||||
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55
Mizuho Trust & Banking Co., Ltd.
(Reference)
Statement of Trust Assets and Liabilities
Millions of yen | Millions of yen | |||||||||
Assets |
Amount | Liabilities |
Amount | |||||||
Loans and Bills Discounted |
885,040 | Money Trusts |
14,212,468 | |||||||
Securities |
948,393 | Pension Trusts |
4,160,556 | |||||||
Beneficiary Rights to the Trusts |
36,336,539 | Property Formation Benefit Trusts |
4,942 | |||||||
Securities held in Custody Accounts |
792,535 | Investment Trusts |
11,594,574 | |||||||
Money Claims |
5,071,701 | Money Entrusted Other than Money Trusts |
1,121,263 | |||||||
Tangible Fixed Assets |
4,588,546 | Securities Trusts |
5,498,273 | |||||||
Intangible Fixed Assets |
208,719 | Money Claims Trusts |
4,446,353 | |||||||
Other Claims |
123,002 | Land and Fixtures Trusts |
202,760 | |||||||
Due from Banking Account |
902,518 | Composite Trusts |
9,044,895 | |||||||
Cash and Due from Banks |
433,740 | Other Trusts |
4,650 | |||||||
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Total |
50,290,739 | Total |
50,290,739 | |||||||
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Note: | 1. | The statement is exclusive of the Trusts that are difficult to value monetarily. | ||
2. | Beneficiary Rights to the Trusts include entrusted Trusts for asset maintenance of ¥35,323,939 million. | |||
3. | Joint trust assets under the management of other companies: ¥931,626 million. | |||
There is no Trust assets under the service-shared co-trusteeship in Joint trust assets under the management of other companies. | ||||
4. | Loans and Bills Discounted among Money Trusts with the contracts of principal indemnification amounted to ¥23,020 million. | |||
Of this amount, Balance of Non-Accrual Delinquent Loans is ¥3,069 million. |
(Reference) Breakdown of Accounts of Money Trusts and Loan Trusts with the contracts of principal indemnification (including Trusts entrusted for asset management) are as follows:
Money Trusts |
Millions of yen | Millions of yen | ||||||||
Assets |
Amount | Liabilities |
Amount | |||||||
Loans and Bills Discounted |
23,020 | Principal |
726,335 | |||||||
Securities |
6 | Reserve |
69 | |||||||
Others |
703,507 | Others |
129 | |||||||
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Total |
726,534 | Total |
726,534 | |||||||
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56
Mizuho Trust & Banking Co., Ltd.
(Reference)
Comparison of Balances of Principal Items
Millions of yen | ||||||||||||||||||||
Items |
As of September 30, 2012 (A) |
As of March 31, 2012 (B) |
Change (A) - (B) |
As of September 30, 2011 (C) |
Change (A) - (C) |
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Total Amount of Funds |
21,502,708 | 21,365,455 | 137,252 | 20,358,963 | 1,143,745 | |||||||||||||||
Deposits |
2,194,700 | 2,104,687 | 90,013 | 2,157,421 | 37,278 | |||||||||||||||
Negotiable Certificates of Deposit |
930,040 | 1,000,640 | (70,600 | ) | 1,047,030 | (116,990 | ) | |||||||||||||
Money Trusts |
14,212,468 | 14,226,430 | (13,961 | ) | 12,925,267 | 1,287,201 | ||||||||||||||
Pension Trusts |
4,160,556 | 4,028,734 | 131,822 | 4,224,682 | (64,126 | ) | ||||||||||||||
Property Formation Benefit Trusts |
4,942 | 4,963 | (21 | ) | 4,561 | 381 | ||||||||||||||
Loans and Bills Discounted |
4,365,981 | 4,088,017 | 277,963 | 4,437,826 | (71,845 | ) | ||||||||||||||
of Banking accounts |
3,480,940 | 3,278,976 | 201,964 | 3,342,652 | 138,288 | |||||||||||||||
of Trust accounts |
885,040 | 809,041 | 75,998 | 1,095,173 | (210,133 | ) | ||||||||||||||
Securities for Investments |
2,678,361 | 3,027,792 | (349,431 | ) | 2,879,147 | (200,786 | ) | |||||||||||||
of Banking accounts |
1,729,967 | 2,114,064 | (384,096 | ) | 2,129,273 | (399,305 | ) | |||||||||||||
of Trust accounts |
948,393 | 913,728 | 34,664 | 749,874 | 198,518 |
57