Form 6-K

 

 

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 registrant’s 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>

   LOGO

 

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

ƒ 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

  

  

ƒ 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 Information—Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) which is available in the Financial Information section of our web page at www.mizuho-fg.co.jp/english/ and also at the SEC’s web site at www.sec.gov.

We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange.

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   

LOGO 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>

 

 

LOGO

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 Information—Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) which is available in the Financial Information section of our web page at www.mizuho-fg.co.jp/english/ and also at the SEC’s web site at www.sec.gov.

We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange.

 


Mizuho Financial Group, Inc.

 

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
     

 

 

   

 

 

   

 

 

 

Net Income

     26         184,276        (70,389     254,665   
     

 

 

   

 

 

   

 

 

 

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  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

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     
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Reversal of (Provision for) General Reserve for Possible Losses on Loans

     23         —          (3,100     —          (3,100     3,940        (7,040  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

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     
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

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  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Ordinary Profits

     31         60,183        95,053        2,856        158,093        (61,327     219,420     
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

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  
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Net Income

     38         20,838        90,433        1,964        113,236        (39,251     152,488     
     

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

*   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   
     

 

 

   

 

 

   

 

 

 

Reversal of (Provision for) General Reserve for Possible Losses on Loans

     20         —          —          —     
     

 

 

   

 

 

   

 

 

 

Net Business Profits

     21         169,098        63,143        105,954   

Net Gains (Losses) related to Bonds

     22         69,280        52,305        16,974   
     

 

 

   

 

 

   

 

 

 

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
     

 

 

   

 

 

   

 

 

 

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
     

 

 

   

 

 

   

 

 

 

Net Income

     35         20,838        3,234        17,604   
     

 

 

   

 

 

   

 

 

 

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   
     

 

 

   

 

 

   

 

 

 

Reversal of (Provision for) General Reserve for Possible Losses on Loans

     20         (3,100     3,940        (7,040
     

 

 

   

 

 

   

 

 

 

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
                                              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         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)

LOGO

 

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
Industry & Gravel
Extraction Industry

    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
Industry & Gravel
Extraction Industry

    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
Industry & Gravel
Extraction Industry

    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 owner’s 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 owner’s 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 owner’s 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 owner’s 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
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       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
Accounting *1

     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   
 

 

 

   

 

 

   

 

 

   

 

 

 

Net Income

  ¥ 1,964      ¥ 9,760      ¥ (7,796   ¥ 30,791   
 

 

 

   

 

 

   

 

 

   

 

 

 

 

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
 
     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
    
        Capital
Reserve
     Other
Capital
Surplus
     Total
Capital
Surplus
     Appropriated
Reserve
     Other
Retained
Earnings
     Total
Retained
Earnings
                   
                    Retained
Earnings
Brought
Forward
                      

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   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Changes during the period

                                      

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
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Changes during the period

     —           —           —           —           —           1,964         1,964         —           1,964         (13,035      2,342         (10,693      (8,728
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

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   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

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   
  

 

 

       

 

 

 

Total

     50,290,739      

Total

     50,290,739   
  

 

 

       

 

 

 

 

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   
  

 

 

       

 

 

 

Total

     726,534      

Total

     726,534   
  

 

 

       

 

 

 

 

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)
 

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