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 May 2023

Commission File Number 001-33098

Mizuho Financial Group, Inc.

(Translation of registrant’s name into English)

5-5, Otemachi 1-chome

Chiyoda-ku, Tokyo 100-8176

Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F  ☒    Form 40-F  ☐

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  ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-                    .

 

 

 

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE INTO THE PROSPECTUS FORMING A PART OF MIZUHO FINANCIAL GROUP, INC.’S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-266555) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

For Immediate Release:

 

		Consolidated Financial Statements for Fiscal 2022 (Under Japanese GAAP)

 

Company Name:		Mizuho Financial Group, Inc. (“MHFG”)		May 15, 2023

Stock Code Number (Japan):		8411
Stock Exchange Listings:		Tokyo Stock Exchange (Prime Market), New York Stock Exchange
URL:		https://www.mizuhogroup.com
Representative:		Masahiro Kihara		President & Group CEO
For Inquiry:		Yasutoshi Tanaka		General Manager of Accounting		Phone: +81-3-6838-6101

Ordinary General Meeting of Shareholders (scheduled):		June 23, 2023		Commencement of Dividend Payment (scheduled): June 6, 2023
Filing of Yuka Shoken Hokokusho to   the Kanto Local Finance Bureau (scheduled):		June 16, 2023		Trading Accounts: Established
Supplementary Materials on Annual Results:		Attached
IR Conference on Annual Results:		Scheduled
Amounts less than one million yen are rounded down.

1. Financial Highlights for Fiscal 2022 (for the fiscal year ended March 31, 2023)

(1) Consolidated Results of Operations

 

(%: Changes from the previous fiscal year)
		Ordinary Income								Ordinary Profits								Profit Attributable to Owners of Parent
		¥ million				%				¥ million				%				¥ million				%
Fiscal 2022			5,778,772				45.8				789,606				41.0				555,527				4.7
Fiscal 2021			3,963,091				23.1				559,847				4.3				530,479				12.6

 

Note:		Comprehensive Income: Fiscal 2022: ¥277,666 million, 489.2%; Fiscal 2021: ¥47,121 million, (94.9)%

 

		Net Income per Share of Common Stock				Diluted Net Income per Share of Common Stock				Net Income on Own Capital				Ordinary Profits to Total Assets				Ordinary Profits to Ordinary Income
		¥				¥				%				%				%
Fiscal 2022			219.20				219.19				6.1				0.3				13.6
Fiscal 2021			209.27				209.26				5.7				0.2				14.1

 

Reference:		Equity in Income from Investments in Affiliates: Fiscal 2022: ¥11,889 million; Fiscal 2021: ¥25,434 million

(2) Consolidated Financial Conditions

 

		Total Assets				Total Net Assets				Own Capital Ratio				Total Net Assets per Share of Common Stock
		¥ million				¥ million				%				¥
Fiscal 2022			254,258,203				9,208,463				3.5				3,603.98
Fiscal 2021			237,066,142				9,201,031				3.8				3,581.39

Reference:		Own Capital: As of March 31, 2023: ¥9,133,294 million; As of March 31, 2022: ¥9,077,382 million

Note:		Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Non-controlling Interests) / Total Assets × 100
		Own Capital Ratio stated above is not calculated based on the public notice of Own Capital Ratio.

(3) Conditions of Consolidated Cash Flows

 

		Cash Flows from Operating Activities				Cash Flows from Investing Activities				Cash Flows from Financing Activities				Cash and Cash Equivalents at the end of the fiscal year
		¥ million				¥ million				¥ million				¥ million
Fiscal 2022			8,867,246				6,605,667				(611,143	)			65,825,681
Fiscal 2021			4,917,186				(1,860,490	)			(522,056	)			50,136,299

2. Cash Dividends for Shareholders of Common Stock

 

		Annual Cash Dividends per Share																				Total Cash Dividends (Total)				Dividends Pay-out Ratio (Consolidated basis)				Dividends on Net Assets (Consolidated basis)
		First quarter-end				Second quarter-end				Third quarter-end				Fiscal year-end				Annual
		¥				¥				¥				¥				¥				¥ million				%				%
Fiscal 2021			—				40.00				—				40.00				80.00				203,087				38.2				2.2
Fiscal 2022			—				42.50				—				42.50				85.00				215,772				38.7				2.3
Fiscal 2023 (estimate)			—				47.50				—				47.50				95.00								39.5

3. Consolidated Earnings Estimates for Fiscal 2023 (for the fiscal year ending March 31, 2024)

 

(%: Changes from the corresponding period of the previous fiscal year)
		Profit Attributable to Owners of Parent								Net Income per Share of Common Stock
		¥ million				%				¥
1H F2023			—				—				—
Fiscal 2023			610,000				9.8				240.61

Note:		The number of shares of common stock used in the above calculation is based on the number of outstanding shares of common stock (excluding treasury stock) as of March 31, 2023.

Notes

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

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

      i .  Changes in accounting policies due to revisions of accounting standards: Yes

      ii . Changes in accounting policies other than i above: No

      iii. Changes in accounting estimates: No

      iv. Restatements: No

      Note: For more information, please refer to “Changes in Accounting Policies” on page 1 – 14 of the attachment.

(3) Issued Shares of Common Stock

 

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

As of March 31, 2023

2,539,249,894 shares

As of March 31, 2022

2,539,249,894 shares

ii . Year-end treasury stock:

As of March 31, 2023

5,027,306 shares

As of March 31, 2022

4,659,024 shares

iii. Average number of outstanding shares:

Fiscal 2022

2,534,340,257 shares

Fiscal 2021

2,534,897,183 shares

This immediate release is outside the scope of the audit.

 

 

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

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

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

Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3. D. Key Information-Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) and our report on Form 6-K furnished to the SEC on December 28, 2022, both of which are available in the Financial Information section of our web page at www.mizuhogroup.com and also at the SEC’s web site at www.sec.gov.

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

 

 

Mizuho Financial Group, Inc.

 

m Contents of Attachment

 

1.		Overview of Consolidated Results of Operations and Financial Conditions			p.1-2
		(1) Overview of Results of Operations			p.1-2
		(2) Overview of Financial Conditions			p.1-3
		(3) Basic Policy on Profit Distribution, Dividend Payment for Fiscal 2022 and Dividend Estimates for Fiscal 2023			p.1-3
2.		Basic Stance on Selection of Accounting Standards			p.1-4
3.		Consolidated Financial Statements and Others			p.1-5
		(1) Consolidated Balance Sheets			p.1-5
		(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			p.1-7
		(3) Consolidated Statements of Changes in Net Assets			p.1-10
		(4) Consolidated Statements of Cash Flows			p.1-12
		(5) Notes regarding Consolidated Financial Statements			p.1-14
		(Matters Related to the Assumption of Going Concern)
		(Changes in Accounting Policies)
		(Business Segment Information)
		(Per Share Information)
		(Subsequent Events)

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.

An MHFG IR conference for institutional investors and analysts is scheduled for Thursday, May 18, 2023. The IR conference presentation materials and audio archive will be available for use by individual investors in the IR Information section of the Mizuho Financial Group website immediately after the conference.

 

1-1

Mizuho Financial Group, Inc.

 

1. Overview of Consolidated Results of Operations and Financial Conditions

(1) Overview of Results of Operations

Reviewing the economic environment over the fiscal year ended March 31, 2023, while demand continued to recover, supported by the transition to a world of living with COVID-19 and fiscal expenditure by each country, global inflation was triggered by structural shifts in the labor market, natural resource supply constraints caused by the situation in Ukraine and other factors. In addition, the impact of the heightened pace of monetary tightening, which is centered on Europe and the United States, materialized and the outlook for the global economy remained uncertain.

In the United States, the economy continued to grow steadily, mainly in terms of consumption, even under steep inflation and sudden monetary tightening by the Federal Reserve Board (FRB) in response thereto. Wages, which support consumption, remained high as a result of labor supply constraints stemming from strong demand for labor, the spread of COVID-19 and other factors. While the FRB continued to tighten monetary policy based on these circumstances, several financial institutions have gone bankrupt and the economic outlook has become increasingly uncertain.

In Europe, economic growth slowed due to surging resource prices and resource supply constraints caused by the situation in Ukraine. Although the rise in gas prices came to a pause, the rise in food prices and other factors continued to increase inflation, pushing down consumption. However, as not only price increases but also wage growth is accelerating, the European Central Bank (ECB) has continued to raise interest rates. The economy is expected to remain somewhat sluggish in the future, affected by the rising rate of inflation and interest rate hikes. In addition, there are concerns that the financial market turmoil caused by uncertainty over the business management of financial institutions will have a significant impact on monetary policy and economic trends.

In Asia, China has experienced weak real estate investment for a prolonged time and consumer sentiment has also remained weak due to the “Zero COVID” policy. After the end of the “Zero COVID” policy, the number of infections temporarily rose in a steep manner but the infection rate eventually stabilized. Led mainly by services consumption, China has recently been recovering at a gradual rate. However, considering China’s ongoing conflicts with the United States, there remains a high degree of uncertainty with respect to issues such as trade and national security. In emerging economies, the overall growth rate has been higher due to the relaxation of restrictions on activities. On the other hand, the trend of growth has recently slowed as the corresponding round of recovery of consumer demand following the COVID-19 pandemic has come to an end and the impact of inflation has slowed such growth.

In Japan, despite the weakened production activities of manufacturers due to sluggish capital investment and shortages of semiconductors, with the relaxation of restrictions on activities, gradual recovery is expected to continue mainly in domestic demand-oriented industries, such as service industries. Inflation rates that had been rising against the backdrop of increased resource prices and the depreciation of the yen are also expected to weaken in light of a pause in the surge in the commodity market. On the other hand, the slowdown of overseas economies due to monetary tightening in Europe and the United States that may diminish capital investments is a cause for concern. Concerns remain high about whether there will be a change in the financial policy of the Bank of Japan; and if the change is actually implemented, such change may affect the Japanese economy.

The prospects for the global economy are expected to remain uncertain given a lack of clarity as to the impact that global monetary tightening will have on the real economy. In addition, depending on the circumstances, such as the spread of financial system instabilities resulting from the bankruptcy of financial institutions in Europe and the United States, increasing tensions with respect to the situation in Ukraine and further worsening of inflation, particularly in the United States, there is a possibility of financial and capital market disruption and the risk of further economic downturn, which may also adversely affect the Japanese economy.

Under the foregoing business environment, we recorded Consolidated Gross Profits of ¥2,278.4 billion for fiscal 2022, increasing by ¥25.9 billion from the previous fiscal year. General and Administrative Expenses increased by ¥52.3 billion on a year-on-year basis to ¥1,445.2 billion mainly due to increasing expenses as a result of currency fluctuations whereas further progress in cost reduction through structural reform was achived.

 

1-2

Mizuho Financial Group, Inc.

 

As a result, Consolidated Net Business Profits decreased by ¥45.9 billion on a year-on-year basis to ¥805.2 billion. Consolidated Net Business Profits + Net gains or losses related to ETFs and others, which consists of Consolidated Net Business Profits, Net gains or losses related to ETFs and others on a non-consolidated aggregated basis of the banks, and Net gains or losses related to operating investment securities on a consolidated basis of Mizuho Securities Co., Ltd., decreased by ¥46.0 billion on a year-on-year basis to ¥807.1 billion mainly due to a decline in profits after booking unrealized losses on foreign bonds portfolio in Markets Groups whereas we had a steady business performance in Customer Groups especially overseas.

Credit-related Costs decreased by ¥145.8 billion on a year-on-year basis to ¥89.3 billion mainly due to the elimination of a large provision for reserves relating to certain customers recorded in the previous fiscal year.

Net Gains (Losses) related to Stocks increased by ¥130.3 billion on a year-on-year basis to net gains of ¥86.4 billion mainly due to the elimination of losses on the cancellation of bear funds intended on fixing unrealized gain on stocks recorded in the previous fiscal year in addition to steady progress in the sale of cross-holding stocks.

As a result, Ordinary Income increased by ¥229.7 billion on a year-on-year basis to ¥789.6 billion.

Extraordinary Gains (Losses) decreased by ¥54.6 billion on a year-on-year basis to net losses of ¥10.6 billion mainly due to the elimination of a large amount of gains on cancellation of employee retirement benefit trust recorded in the previous fiscal year.

Tax-related Expenses increased by ¥158.1 billion on a year-on-year basis to ¥218.8 billion mainly due to the elimination of the influence of the tax effect of capital optimization of Mizuho Securities Co., Ltd. as part of our financial structural reform recorded in the previous fiscal year.

As a result, Profit Attributable to Owners of Parent for fiscal 2022 increased by ¥25.0 billion on a year-on-year basis to ¥555.5 billion.

As for earnings estimates for fiscal 2023, we estimate Ordinary Profits of ¥860.0 billion and Profit Attributable to Owners of Parent of ¥610.0 billion on a consolidated basis.

We will disclose promptly if we need to revise the above consolidated earnings estimates.

(2) Overview of Financial Conditions

Consolidated total assets as of March 31, 2023 amounted to ¥254,258.2 billion, increasing by ¥17,192.0 billion from the end of the previous fiscal year mainly due to an increase in Cash and Due from Banks.

Securities were ¥37,363.1 billion, decreasing by ¥7,277.9 billion from the end of the previous fiscal year. Loans and Bills Discounted amounted to ¥88,687.1 billion, increasing by ¥3,950.8 billion from the end of the previous fiscal year. Deposits and Negotiable Certificates of Deposit amounted to ¥164,287.3 billion, increasing by ¥8,587.5 billion from the end of the previous fiscal year.

Net Assets amounted to ¥9,208.4 billion, increasing by ¥7.4 billion from the end of the previous fiscal year. Shareholders’ Equity was ¥8,471.1 billion, Accumulated Other Comprehensive Income was ¥662.1 billion, and Non-controlling Interests was ¥75.1 billion.

Net Cash Provided by Operating Activities was ¥8,867.2 billion mainly due to increased deposits. Net Cash Provided in Investing Activities was ¥6,605.6 billion mainly due to purchase, sale and redemption of securities, and Net Cash Used in Financing Activities was ¥611.1 billion mainly due to the redemption of subordinated bonds.

As a result, Cash and Cash Equivalents as of March 31, 2023 was ¥65,825.6 billion.

(3) Basic Policy on Profit Distribution, Dividend Payment for Fiscal 2022 and Dividend Estimates for Fiscal 2023

Based on our capital management policy of pursuing the optimum balance between capital adequacy, growth investment and enhancement of shareholder return, we maintain our shareholder return policy of progressive dividends as our principal approach while executing flexible and intermittent share buybacks. In addition, as for the dividends, we will decide based on the steady growth of our stable earnings base, taking 40% of the dividend payout ratio as a guide into consideration. As for share buybacks, we will consider our business results and capital adequacy, our stock price and the opportunities for growth investment in determining the execution.

 

1-3

Mizuho Financial Group, Inc.

 

Based on this policy, at the meeting of the Board of Directors held today, we have decided to issue ¥42.5 of year-end cash dividends on common stock for Fiscal 2022 (annual cash dividends of ¥85.0 including interim dividends of ¥42.5) in accordance with the Dividend Estimate of an increase of ¥2.5, based on the fact that Profit Attributable to Owners of Parent for Fiscal 2022 was ¥555.5 billion.

Consolidated Common Equity Tier 1 capital ratio (Basel III finalization basis, excluding Net Unrealized Gains (Losses) on Other Securities) was 9.5%, thus again fulfilling our target level of the 5-Year Business Plan which was set at the lower end of the 9-10% range.

 

Year-end cash dividends on Common Stock		¥42.5 per share		(unchanged from the estimate of an increase of ¥2.5)
Annual cash dividends incl. interim dividends		¥85.0 per share		(unchanged from the estimate of an increase of ¥5.0)

Meanwhile, in accordance with the Articles of Incorporation, we may decide to issue dividends by resolution of the Board of Directors unless otherwise stipulated by laws and regulations.

As for the dividend estimates of common stock for Fiscal 2023, we predict ¥95.0 per share of common stock, which is an increase of ¥10.0 from Fiscal 2022. We intend to continue payments of cash dividends at the interim period to return profits to our shareholders in a timely manner.

 

(Dividend Estimates for Fiscal 2023)
Common Stock		Cash Dividends per Share		¥	95.0			(Increase of ¥10.0 from Fiscal 2022)
		of which Interim Dividends		¥	47.5			(Increase of ¥5.0 from Fiscal 2022)

2. Basic Stance on Selection of Accounting Standards

MHFG prepares its consolidated financial statements in accordance with Japanese Generally Accepted Accounting Principles. With respect to International Financial Reporting Standards (IFRS), in light of possible adoption in the future, MHFG is continuing research and study on the situation in Japan and overseas and/or the development of IFRS.

 

1-4

Mizuho Financial Group, Inc.

 

3. Consolidated Financial Statements and Others

(1) Consolidated Balance Sheets

 

		Millions of yen
		As of March 31, 2022				As of March 31, 2023
Assets
Cash and Due from Banks		¥	51,359,301			¥	67,152,100
Call Loans and Bills Purchased			940,008				1,386,895
Receivables under Resale Agreements			12,750,363				11,693,419
Guarantee Deposits Paid under Securities Borrowing Transactions			2,340,089				1,897,429
Other Debt Purchased			3,476,021				3,836,735
Trading Assets			13,221,415				17,404,494
Money Held in Trust			591,183				514,607
Securities			44,641,060				37,363,140
Loans and Bills Discounted			84,736,280				88,687,155
Foreign Exchange Assets			2,627,492				2,408,587
Derivatives other than for Trading Assets			2,277,160				2,184,875
Other Assets			7,797,796				8,689,547
Tangible Fixed Assets			1,095,977				1,105,851
Buildings			340,016				325,241
Land			623,627				618,787
Lease Assets			4,675				6,333
Construction in Progress			21,737				43,679
Other Tangible Fixed Assets			105,919				111,808
Intangible Fixed Assets			601,292				572,719
Software			371,534				375,322
Goodwill			52,547				49,613
Lease Assets			1,823				2,098
Other Intangible Fixed Assets			175,387				145,685
Net Defined Benefit Asset			863,217				859,271
Deferred Tax Assets			184,594				316,168
Customers’ Liabilities for Acceptances and Guarantees			8,346,878				8,905,643
Reserves for Possible Losses on Loans			(783,886	)			(720,437	)
Reserve for Possible Losses on Investments			(107	)			(1	)
Total Assets		¥	237,066,142			¥	254,258,203

 

1-5

Mizuho Financial Group, Inc.

 

		Millions of yen
		As of March 31, 2022				As of March 31, 2023
Liabilities
Deposits		¥	138,830,872			¥	150,498,976
Negotiable Certificates of Deposit			16,868,931				13,788,347
Call Money and Bills Sold			1,278,050				1,814,873
Payables under Repurchase Agreements			20,068,779				25,735,560
Guarantee Deposits Received under Securities Lending Transactions			1,172,248				757,842
Commercial Paper			1,775,859				1,782,111
Trading Liabilities			9,608,976				12,698,007
Borrowed Money			6,590,527				4,155,480
Foreign Exchange Liabilities			1,508,453				671,552
Short-term Bonds			537,167				477,141
Bonds and Notes			10,714,004				11,371,189
Due to Trust Accounts			1,167,284				1,534,097
Derivatives other than for Trading Liabilities			2,770,852				2,749,138
Other Liabilities			6,301,484				7,777,025
Reserve for Bonus Payments			120,052				126,694
Reserve for Variable Compensation			2,278				2,381
Net Defined Benefit Liability			71,774				68,429
Reserve for Director and Corporate Auditor Retirement Benefits			557				539
Reserve for Possible Losses on Sales of Loans			1,309				15,049
Reserve for Contingencies			6,622				13,706
Reserve for Reimbursement of Deposits			17,620				13,695
Reserve for Reimbursement of Debentures			10,504				7,798
Reserves under Special Laws			3,132				3,352
Deferred Tax Liabilities			30,923				22,391
Deferred Tax Liabilities for Revaluation Reserve for Land			59,962				58,711
Acceptances and Guarantees			8,346,878				8,905,643
Total Liabilities		¥	227,865,110			¥	245,049,740
Net Assets
Common Stock		¥	2,256,767			¥	2,256,767
Capital Surplus			1,125,324				1,129,267
Retained Earnings			4,756,435				5,093,911
Treasury Stock			(8,342	)			(8,786	)
Total Shareholders’ Equity			8,130,185				8,471,160
Net Unrealized Gains (Losses) on Other Securities			719,822				564,495
Deferred Gains or Losses on Hedges			(76,757	)			(358,102	)
Revaluation Reserve for Land			132,156				129,321
Foreign Currency Translation Adjustments			2,346				144,093
Remeasurements of Defined Benefit Plans			169,652				182,306
Own Credit Risk Adjustments, Net of Tax			(23	)			19
Total Accumulated Other Comprehensive Income			947,197				662,133
Stock Acquisition Rights			94				5
Non-controlling Interests			123,555				75,163
Total Net Assets			9,201,031				9,208,463
Total Liabilities and Net Assets		¥	237,066,142			¥	254,258,203

 

1-6

Mizuho Financial Group, Inc.

 

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

 

		Millions of yen
		For the fiscal year ended March 31, 2022				For the fiscal year ended March 31, 2023
Ordinary Income		¥	3,963,091			¥	5,778,772
Interest Income			1,309,009				3,178,214
Interest on Loans and Bills Discounted			877,895				1,750,984
Interest and Dividends on Securities			275,393				392,104
Interest on Call Loans and Bills Purchased			1,426				13,898
Interest on Receivables under Resale Agreements			29,694				281,313
Interest on Securities Borrowing Transactions			2,431				22,411
Interest on Due from Banks			58,748				498,504
Other Interest Income			63,419				218,996
Fiduciary Income			60,490				58,958
Fee and Commission Income			905,575				915,534
Trading Income			1,017,889				992,631
Other Operating Income			393,956				452,853
Other Ordinary Income			276,170				180,579
Recovery of Written-off Claims			18,260				7,730
Other			257,910				172,848
Ordinary Expenses			3,403,244				4,989,165
Interest Expenses			315,550				2,217,636
Interest on Deposits			64,829				840,042
Interest on Negotiable Certificates of Deposit			15,436				209,222
Interest on Call Money and Bills Sold			1,149				17,140
Interest on Payables under Repurchase Agreements			36,356				651,987
Interest on Securities Lending Transactions			42				8,734
Interest on Commercial Paper			3,721				51,776
Interest on Borrowed Money			6,034				34,377
Interest on Short-term Bonds			68				71
Interest on Bonds and Notes			171,577				238,031
Other Interest Expenses			16,334				166,251
Fee and Commission Expenses			164,579				163,841
Trading Expenses			730,204				657,923
Other Operating Expenses			224,116				280,386
General and Administrative Expenses			1,392,896				1,445,283
Other Ordinary Expenses			575,896				224,095
Provision for Reserves for Possible Losses on Loans			236,491				65,698
Other			339,404				158,396
Ordinary Profits		¥	559,847			¥	789,606

 

1-7

Mizuho Financial Group, Inc.

 

		Millions of yen
		For the fiscal year ended March 31, 2022				For the fiscal year ended March 31, 2023
Extraordinary Gains		¥	78,196			¥	50,888
Gains on Disposition of Fixed Assets			3,938				3,260
Gains on Cancellation of Employee Retirement Benefit Trust			74,254				47,627
Other Extraordinary Gains			3				—
Extraordinary Losses			34,171				61,530
Losses on Disposition of Fixed Assets			6,585				7,462
Losses on Impairment of Fixed Assets			27,585				51,545
Losses on Sales of Shares of Affiliates			—				2,301
Other Extraordinary Losses			—				220
Income before Income Taxes			603,872				778,964
Income Taxes:
Current			130,079				180,716
Refund of Income Taxes			(12,738	)			(9,911	)
Deferred			(56,652	)			48,029
Total Income Taxes			60,688				218,834
Profit			543,183				560,130
Profit Attributable to Non-controlling Interests			12,703				4,602
Profit Attributable to Owners of Parent		¥	530,479			¥	555,527

 

1-8

Mizuho Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

		Millions of yen
		For the fiscal year ended March 31, 2022				For the fiscal year ended March 31, 2023
Profit		¥	543,183			¥	560,130
Other Comprehensive Income (Loss)			(496,061	)			(282,463	)
Net Unrealized Gains (Losses) on Other Securities			(411,077	)			(157,244	)
Deferred Gains or Losses on Hedges			(108,186	)			(281,515	)
Foreign Currency Translation Adjustments			130,612				127,170
Remeasurements of Defined Benefit Plans			(115,038	)			13,298
Own Credit Risk Adjustments, Net of Tax			(23	)			42
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method			7,650				15,783
Comprehensive Income			47,121				277,666
(Breakdown)
Comprehensive Income Attributable to Owners of Parent			33,676				273,298
Comprehensive Income Attributable to Non-controlling Interests			13,444				4,368

 

1-9

Mizuho Financial Group, Inc.

 

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2022

 

		Millions of yen
		Shareholders’ Equity
		Common Stock				Capital Surplus				Retained Earnings				Treasury Stock				Total Shareholders’ Equity
Balance as of the beginning of the period			2,256,767				1,135,940				4,421,655				(7,124	)			7,807,239
Cumulative Effects of Changes in Accounting Policies											(724	)							(724	)
Balance as of the beginning of the period reflecting Changes in Accounting Policies			2,256,767				1,135,940				4,420,931				(7,124	)			7,806,515
Changes during the period
Cash Dividends											(196,746	)							(196,746	)
Profit Attributable to Owners of Parent											530,479								530,479
Repurchase of Treasury Stock															(2,869	)			(2,869	)
Disposition of Treasury Stock							(54	)							1,651				1,597
Transfer from Revaluation Reserve for Land											4,227								4,227
Change in Treasury Shares of Parent Arising from Transactions with Non-controlling Shareholders							(10,616	)											(10,616	)
Decrease in Retained Earnings by Decreasing of Equity Method Affiliates and Others											(2,402	)							(2,402	)
Transfer from Retained Earnings to Capital Surplus							54				(54	)							—
Net Changes in Items other than Shareholders’ Equity
Total Changes during the period			—				(10,616	)			335,503				(1,217	)			323,669
Balance as of the end of the period			2,256,767				1,125,324				4,756,435				(8,342	)			8,130,185

 

		Accumulated Other Comprehensive Income																												Stock Acquisition Rights				Non-Controlling Interests				Total Net Assets
		Net Unrealized Gains (Losses) on Other Securities				Deferred Gains or Losses on Hedges				Revaluation Reserve for Land				Foreign Currency Translation Adjustments				Remeasurements of Defined Benefit Plans				Own Credit Risk Adjustments, Net of Tax				Total Accumulated Other Comprehensive Income
Balance as of the beginning of the period			1,132,460				31,618				136,384				(139,514	)			288,088				—				1,449,035				134				105,797				9,362,207
Cumulative Effects of Changes in Accounting Policies																											—												(724	)
Balance as of the beginning of the period reflecting Changes in Accounting Policies			1,132,460				31,618				136,384				(139,514	)			288,088				—				1,449,035				134				105,797				9,361,483
Changes during the period
Cash Dividends																																							(196,746	)
Profit Attributable to Owners of Parent																																							530,479
Repurchase of Treasury Stock																																							(2,869	)
Disposition of Treasury Stock																																							1,597
Transfer from Revaluation Reserve for Land																																							4,227
Change in Treasury Shares of Parent Arising from Transactions with Non-controlling Shareholders																																							(10,616	)
Decrease in Retained Earnings by Decreasing of Equity Method Affiliates and Others																																							(2,402	)
Transfer from Retained Earnings to Capital Surplus																																							—
Net Changes in Items other than Shareholders’ Equity			(412,638	)			(108,375	)			(4,227	)			141,861				(118,435	)			(23	)			(501,838	)			(40	)			17,757				(484,121	)
Total Changes during the period			(412,638	)			(108,375	)			(4,227	)			141,861				(118,435	)			(23	)			(501,838	)			(40	)			17,757				(160,451	)
Balance as of the end of the period			719,822				(76,757	)			132,156				2,346				169,652				(23	)			947,197				94				123,555				9,201,031

 

1-10

Mizuho Financial Group, Inc.

 

For the fiscal year ended March 31, 2023

 

		Millions of yen
		Shareholders’ Equity
		Common Stock				Capital Surplus				Retained Earnings				Treasury Stock				Total Shareholders’ Equity
Balance as of the beginning of the period			2,256,767				1,125,324				4,756,435				(8,342	)			8,130,185
Changes during the period
Cash Dividends											(209,432	)							(209,432	)
Profit Attributable to Owners of Parent											555,527								555,527
Repurchase of Treasury Stock															(2,314	)			(2,314	)
Disposition of Treasury Stock							(255	)							1,870				1,615
Transfer from Revaluation Reserve for Land											2,834								2,834
Change in Treasury Shares of Parent Arising from Transactions with Non-controlling Shareholders							4,064												4,064
Decrease in Retained Earnings by Decreasing of Equity Method Affiliates and Others											(11,319	)							(11,319	)
Transfer from Retained Earnings to Capital Surplus							134				(134	)							—
Net Changes in Items other than Shareholders’ Equity
Total Changes during the period			—				3,943				337,475				(443	)			340,975
Balance as of the end of the period			2,256,767				1,129,267				5,093,911				(8,786	)			8,471,160

 

		Accumulated Other Comprehensive Income																												Stock Acquisition Rights				Non-Controlling Interests				Total Net Assets
		Net Unrealized Gains (Losses) on Other Securities				Deferred Gains or Losses on Hedges				Revaluation Reserve for Land				Foreign Currency Translation Adjustments				Remeasurements of Defined Benefit Plans				Own Credit Risk Adjustments, Net of Tax				Total Accumulated Other Comprehensive Income
Balance as of the beginning of the period			719,822				(76,757	)			132,156				2,346				169,652				(23	)			947,197				94				123,555				9,201,031
Changes during the period
Cash Dividends																																							(209,432	)
Profit Attributable to Owners of Parent																																							555,527
Repurchase of Treasury Stock																																							(2,314	)
Disposition of Treasury Stock																																							1,615
Transfer from Revaluation Reserve for Land																																							2,834
Change in Treasury Shares of Parent Arising from Transactions with Non-controlling Shareholders																																							4,064
Decrease in Retained Earnings by Decreasing of Equity Method Affiliates and Others																																							(11,319	)
Transfer from Retained Earnings to Capital Surplus																																							—
Net Changes in Items other than Shareholders’ Equity			(155,326	)			(281,345	)			(2,834	)			141,746				12,654				42				(285,063	)			(88	)			(48,392	)			(333,544	)
Total Changes during the period			(155,326	)			(281,345	)			(2,834	)			141,746				12,654				42				(285,063	)			(88	)			(48,392	)			7,431
Balance as of the end of the period			564,495				(358,102	)			129,321				144,093				182,306				19				662,133				5				75,163				9,208,463

 

1-11

Mizuho Financial Group, Inc.

 

(4) Consolidated Statements of Cash Flows

 

		Millions of yen
		For the fiscal year ended March 31, 2022				For the fiscal year ended March 31, 2023
Cash Flow from Operating Activities
Income before Income Taxes		¥	603,872			¥	778,964
Depreciation			161,897				163,166
Losses on Impairment of Fixed Assets			27,585				51,545
Amortization of Goodwill			3,741				3,771
Equity in Loss (Gain) from Investments in Affiliates			(25,434	)			(11,889	)
Increase (Decrease) in Reserves for Possible Losses on Loans			194,340				(71,488	)
Increase (Decrease) in Reserve for Possible Losses on Investments			106				(106	)
Increase (Decrease) in Reserve for Possible Losses on Sales of Loans			234				13,740
Increase (Decrease) in Reserve for Contingencies			(202	)			6,115
Increase (Decrease) in Reserve for Bonus Payments			11,954				1,746
Increase (Decrease) in Reserve for Variable Compensation			(656	)			102
Decrease (Increase) in Net Defined Benefit Asset			56,392				69,067
Increase (Decrease) in Net Defined Benefit Liability			6,169				(4,506	)
Increase (Decrease) in Reserve for Director and Corporate Auditor Retirement Benefits			(126	)			(17	)
Increase (Decrease) in Reserve for Reimbursement of Deposits			(4,479	)			(3,924	)
Increase (Decrease) in Reserve for Reimbursement of Debentures			(3,915	)			(2,706	)
Interest Income—accrual basis			(1,309,009	)			(3,178,214	)
Interest Expenses—accrual basis			315,550				2,217,636
Losses (Gains) on Securities			62,305				50,633
Losses (Gains) on Money Held in Trust			85				22
Foreign Exchange Losses (Gains)—net			(928,800	)			(662,938	)
Losses (Gains) on Disposition of Fixed Assets			2,647				4,202
Losses (Gains) on Cancellation of Employee Retirement Benefit Trust			(74,254	)			(47,627	)
Decrease (Increase) in Trading Assets			(201,023	)			(3,869,757	)
Increase (Decrease) in Trading Liabilities			1,234,368				2,855,475
Decrease (Increase) in Derivatives other than for Trading Assets			(528,425	)			118,439
Increase (Decrease) in Derivatives other than for Trading Liabilities			996,914				(46,028	)
Decrease (Increase) in Loans and Bills Discounted			1,343,307				(2,092,530	)
Increase (Decrease) in Deposits			3,508,335				10,000,741
Increase (Decrease) in Negotiable Certificates of Deposit			(913,529	)			(3,395,330	)
Increase (Decrease) in Borrowed Money (excluding Subordinated Borrowed Money)			(869,766	)			(2,436,997	)
Decrease (Increase) in Due from Banks (excluding Due from Central Banks)			(125,565	)			(44,557	)
Decrease (Increase) in Call Loans, etc.			(928,392	)			1,029,697
Decrease (Increase) in Guarantee Deposits Paid under Securities Borrowing Transactions			367,621				442,660
Increase (Decrease) in Call Money, etc.			(133,057	)			4,808,324
Increase (Decrease) in Commercial Paper			(551,464	)			(155,216	)
Increase (Decrease) in Guarantee Deposits Received under Securities Lending Transactions			214,099				(414,405	)
Decrease (Increase) in Foreign Exchange Assets			(398,661	)			357,779
Increase (Decrease) in Foreign Exchange Liabilities			973,697				(837,977	)
Increase (Decrease) in Short-term Bonds (Liabilities)			81,121				(60,026	)
Increase (Decrease) in Bonds and Notes			607,064				887,829
Increase (Decrease) in Due to Trust Accounts			6,676				366,812
Interest and Dividend Income—cash basis			1,424,865				3,027,958
Interest Expenses—cash basis			(273,855	)			(2,028,391	)
Other—net			147,257				1,108,820
Subtotal			5,081,594				9,000,617
Cash Refunded (Paid) in Income Taxes			(164,408	)			(133,371	)
Net Cash Provided by (Used in) Operating Activities			4,917,186				8,867,246

 

1-12

Mizuho Financial Group, Inc.

 

		Millions of yen
		For the fiscal year ended March 31, 2022				For the fiscal year ended March 31, 2023
Cash Flow from Investing Activities
Payments for Purchase of Securities			(102,478,445	)			(80,978,246	)
Proceeds from Sale of Securities			57,161,461				44,652,769
Proceeds from Redemption of Securities			43,586,621				43,032,475
Payments for Increase in Money Held in Trust			(31,898	)			(3,843	)
Proceeds from Decrease in Money Held in Trust			22,312				79,409
Payments for Purchase of Tangible Fixed Assets			(42,297	)			(64,845	)
Payments for Purchase of Intangible Fixed Assets			(96,964	)			(118,331	)
Proceeds from Sale of Tangible Fixed Assets			18,239				9,813
Proceeds from Sale of Intangible Fixed Assets			480				—
Payments for Purchase of Stocks of Subsidiaries (affecting the scope of consolidation)			—				(3,533	)
Net Cash Provided by (Used in) Investing Activities			(1,860,490	)			6,605,667
Cash Flow from Financing Activities
Proceeds from Subordinated Borrowed Money			10,000				20,000
Repayments of Subordinated Borrowed Money			(4,000	)			(35,000	)
Proceeds from Issuance of Subordinated Bonds			171,410				208,500
Payments for Redemption of Subordinated Bonds			(494,000	)			(544,615	)
Proceeds from Investments by Non-controlling Shareholders			565				2,219
Repayments to Non-controlling Shareholders			(502	)			(324	)
Cash Dividends Paid			(196,783	)			(209,457	)
Cash Dividends Paid to Non-controlling Shareholders			(7,693	)			(10,459	)
Payments for Purchase of Stocks of Subsidiaries (not affecting the scope of consolidation)			—				(41,307	)
Payments for Repurchase of Treasury Stock			(1,927	)			(2,314	)
Proceeds from Sale of Treasury Stock			873				1,615
Payments for Repurchase of Treasury Stock of Subsidiaries			(0	)			—
Net Cash Provided by (Used in) Financing Activities			(522,056	)			(611,143	)
Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents			620,261				827,611
Net Increase (Decrease) in Cash and Cash Equivalents			3,154,900				15,689,381
Cash and Cash Equivalents at the beginning of the fiscal year			46,981,399				50,136,299
Cash and Cash Equivalents at the end of the fiscal year		¥	50,136,299			¥	65,825,681

 

1-13

Mizuho Financial Group, Inc.

 

(5) Notes regarding Consolidated Financial Statements

(Matters Related to the Assumption of Going Concern)

There is no applicable information.

(Changes in Accounting Policies)

(Implementation Guidance on Accounting Standard for Fair Value Measurement)

MHFG has applied “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ Guidance No.31, June 17, 2021 (referred to as “Fair Value Accounting Standard Implementation Guidance”)) from the beginning of the consolidated fiscal year ended March 31, 2023. In accordance with the transitional treatment set out in Paragraph 27-2 of “Fair Value Accounting Standard Implementation Guidance”, MHFG applies the new accounting policy set forth in “Fair Value Accounting Standard Implementation Guidance” prospectively. As a result, some Investment trusts and others are calculated using net asset value, etc., as of the calculation date of the fair value.

 

1-14

Mizuho Financial Group, Inc.

 

(Business Segment Information)

1. Summary of reportable segment

MHFG has introduced an in-house company system based on the group’s diverse customer segments.

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

Specifically, the company system is classified into the following five in-house companies, each based on a customer segment: the Retail & Business Banking Company, the Corporate & Institutional Company, the Global Corporate Company, the Global Markets Company, and the Asset Management Company.

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

Retail & Business Banking Company:

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

Corporate & Institutional Company:

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

Global Corporate Company:

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

Global Markets Company:

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

Asset Management Company:

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

The reportable segment information, set forth below, is derived from the internal management reporting systems used by management to measure the performance of the Group’s operating segments.

Management measures the performance of each of the operating segments in accordance with internal managerial accounting rules and practices.

2. Calculating method of Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others, Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others, and Fixed assets by reportable segment

The following information of reportable segment is based on internal management reporting.

Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others is the total amount of Interest Income, Fiduciary Income, Fee and Commission Income, Trading Income, Other Operating Income, and Net gains or losses related to ETFs and others.

Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others is the amount of which General and administrative expenses (excluding non-recurring expenses and others), Equity in income from investments in affiliates, and Amortization of goodwill and others (including amortization of intangible assets) are deducted from, or added to, Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others.

Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others relating to transactions between segments is based on the current market price.

Fixed assets disclosed as asset information by segment are the total amount of tangible fixed assets and intangible fixed assets. Fixed assets pertaining to Mizuho Bank, Ltd., Mizuho Trust & Banking Co., Ltd., and Mizuho Securities Co., Ltd. have been allocated to each segment.

 

1-15

Mizuho Financial Group, Inc.

 

3. Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others, Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others, and Fixed assets by reportable segment

 

		Millions of yen
		MHFG (Consolidated)
		Retail & Business Banking Company				Corporate & Institutional Company				Global Corporate Company				Global Markets Company				Asset Management Company				Others (Note 2)
Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others			704,010				502,333				672,208				321,205				55,165				25,325				2,280,246
General and administrative expenses (excluding Non-Recurring Losses and others)			611,572				197,274				322,981				258,031				35,194				48,512				1,473,564
Equity in income from investments in affiliates			(17,036	)			6,376				22,781				—				241				(472	)			11,889
Amortization of goodwill and others			2,071				91				740				770				6,861				901				11,434
Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others			73,331				311,344				371,268				62,404				13,351				(24,561	)			807,136
Fixed assets			489,333				150,141				173,722				87,865				—				777,510				1,678,571

 

Notes: 1.		Gross profits (excluding the amounts of credit costs of trust accounts) +Net gains or losses related to ETFs and others is reported instead of sales reported by general corporations. Net gains or losses related to ETFs and others amounted to ¥ 1,840 million, of which ¥ (299) million is included in the Global Markets Company.
2.		“Others” includes items which should be eliminated as internal transactions between each segment on a consolidated basis.
3.		“Others” in Fixed assets includes assets of headquarters that have not been allocated to each segment, Fixed assets pertaining to consolidated subsidiaries that are not subject to allocation, consolidated adjustments, and others.
		Among Fixed assets that have not been allocated to each segment, some related expenses are allocated to each segment using a reasonable criteria of allocation.

 

1-16

Mizuho Financial Group, Inc.

 

4. The difference between the total amounts of reportable segments and the recorded amounts in the Consolidated Statement of Income, and the contents of the difference (Matters relating to adjustment to difference)

The above amount of Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others and that of Net business profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others derived from internal management reporting by reportable segment are different from the amounts recorded in the Consolidated Statement of Income.

The contents of the difference for the period are as follows:

 

(1)	The total of Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others of Segment Information and Ordinary Profits recorded in the Consolidated Statement of Income

 

		Millions of yen
		Amount
Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others			2,280,246
Net gains or losses related to ETFs and others			(1,840	)
Other Ordinary Income			180,579
General and Administrative Expenses			(1,445,283	)
Other Ordinary Expenses			(224,095	)
Ordinary Profits recorded in Consolidated Statement of Income			789,606

 

(2)

The total of Net business profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others of Segment Information and Income before Income Taxes recorded in the Consolidated Statement of Income

 

		Millions of yen
		Amount
Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net Gains (Losses) related to ETFs and others			807,136
General and Administrative Expenses (non-recurring losses)			39,715
Expenses related to Portfolio Problems (including reversal of (provision for) general reserve for losses on loans)			(96,737	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others			7,426
Net Gains (Losses) related to Stocks—Net Gains (Losses) related to ETFs and others			84,633
Net Extraordinary Gains (Losses)			(10,641	)
Others			(52,568	)
Income before Income Taxes recorded in Consolidated Statement of Income			778,964

 

1-17

Mizuho Financial Group, Inc.

 

(Per Share Information)

(Consolidated basis)

 

						Fiscal 2021				Fiscal 2022
Net Assets per Share of Common Stock						¥	3,581.39			¥	3,603.98
Net Income per Share of Common Stock						¥	209.27			¥	219.20
Diluted Net Income per Share of Common Stock						¥	209.26			¥	219.19

 

Notes: 1.

Total Net Assets per Share of Common Stock is based on the following information:

 

						Fiscal 2021				Fiscal 2022
Net Assets per Share of Common Stock
Total Net Assets		¥	million				9,201,031				9,208,463
Deductions from Total Net Assets		¥	million				123,649				75,168
Stock Acquisition Rights		¥	million				94				5
Non-Controlling Interests		¥	million				123,555				75,163
Net Assets (year-end) related to Common Stock		¥	million				9,077,382				9,133,294
Year-end Outstanding Shares of Common Stock, based on which Total Net Assets per Share of Common Stock was calculated			Thousands of shares				2,534,590				2,534,222

 

2.

Net Income per Share of Common Stock and Diluted Net Income per Share of Common Stock are based on the following information:

 

						Fiscal 2021				Fiscal 2022
Net Income per Share of Common Stock
Profit Attributable to Owners of Parent		¥	million				530,479				555,527
Amount not attributable to Common Stock		¥	million				—				—
Profit Attributable to Owners of Parent related to Common Stock		¥	million				530,479				555,527
Average Outstanding Shares of Common Stock (during the period)			Thousands of shares				2,534,897				2,534,340
Diluted Net Income per Share of Common Stock
Adjustment to Profit Attributable to Owners of Parent		¥	million				—				—
Increased Number of Shares of Common Stock			Thousands of shares				65				15
Stock Acquisition Rights			Thousands of shares				65				15
Description of dilutive securities which were not included in the calculation of Diluted Net Income per Share of Common Stock as they have no dilutive effects							—				—

 

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