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 2025

Commission File Number 001-33098

Mizuho Financial Group, Inc.

(Translation of registrant’s name into English)

5-5, Otemachi 1-chome

Chiyoda-ku, Tokyo 100-8176

Japan

(Address of principal executive office)

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

 

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NO. 333-266555) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

SIGNATURES

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

 

For Immediate Release:

 

		Consolidated Financial Statements for Fiscal 2024 (Under Japanese GAAP)

 

Company Name:		Mizuho Financial Group, Inc. (“MHFG”)		May 15, 2025

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

Ordinary General Meeting of Shareholders (scheduled) :		June 24, 2025		Commencement of Dividend Payment (scheduled): June 6, 2025
Filing of Yuka Shoken Hokokusho to  the Kanto Local Finance Bureau (scheduled):		June 17, 2025		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 2024 (for the fiscal year ended March 31, 2025)

(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 2024			9,030,374				3.2				1,168,141				27.7				885,433				30.4
Fiscal 2023			8,744,458				51.3				914,047				15.7				678,993				22.2

 

Note:		Comprehensive Income: Fiscal 2024: ¥618,184 million, (54.0)%; Fiscal 2023: ¥1,345,039 million, 384.4%

 

		Earnings per Share of Common Stock				Diluted Earnings per Share of Common Stock				Earnings on Own Capital				Ordinary Profits to Total Assets				Ordinary Profits to Ordinary Income
		¥				¥				%				%				%
Fiscal 2024			350.20				350.20				8.5				0.4				12.9
Fiscal 2023			267.88				267.88				7.0				0.3				10.4

Reference:		Equity in Income from Investments in Affiliates: Fiscal 2024: ¥46,782 million; Fiscal 2023: ¥26,221 million

(2) Consolidated Financial Conditions

 

		Total Assets				Total Net Assets				Own Capital Ratio				Total Net Assets per Share of Common Stock
		¥ million				¥ million				%				¥
Fiscal 2024			283,320,404				10,523,753				3.6				4,161.03
Fiscal 2023			278,672,151				10,312,135				3.6				4,037.28

Reference:		Own Capital: As of March 31, 2025: ¥10,442,211 million; As of March 31, 2024: ¥10,232,538 million

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

(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 2024			(3,820,800	)			3,793,092				(299,030	)			70,723,361
Fiscal 2023			1,884,978				1,982,207				(230,990	)			71,165,815

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 2023			—				50.00				—				55.00				105.00				266,529				39.1				2.7
Fiscal 2024			—				65.00				—				75.00				140.00				353,456				39.9				3.4
Fiscal 2025 (estimate)			—				72.50				—				72.50				145.00								38.7

3. Consolidated Earnings Estimates for Fiscal 2025 (for the fiscal year ending March 31, 2026)

 

(%: Changes from the corresponding period of the previous fiscal year)
		Profit Attributable to Owners of Parent								Earnings per Share of Common Stock
		¥ million				%				¥
1H F2025			—				—				—
Fiscal 2025			940,000				6.1				374.57

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 and others) as of March 31, 2025.

Notes

(1) Significant changes in the scope of consolidation during the period: No

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

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

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

  iii. Changes in accounting estimates: No

  iv. Restatements: No

(3) Issued Shares of Common Stock

 

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

As of March 31, 2025

2,513,757,794 shares

As of March 31, 2024

2,539,249,894 shares

ii . Year-end treasury stock:

As of March 31, 2025

4,233,302 shares

As of March 31, 2024

4,739,805 shares

iii. Average number of outstanding shares:

Fiscal 2024

2,528,302,462 shares

Fiscal 2023

2,534,673,803 shares

This immediate release is outside the scope of the audit by certified public accountants or an audit firm.

 

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

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

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

Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3. D. Key Information-Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) and our report on Form 6-K furnished to the SEC on December 26, 2024, both of which are available in the Financial Information section of our web page at www.mizuhogroup.com and also at the SEC’s web site at www.sec.gov.

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

 

Mizuho Financial Group, Inc.

 

m Contents of Attachment

 

1.		Overview of Consolidated Results of Operations and Financial Condition			p.1-2
		(1) Overview of Results of Operations			p.1-2
		(2) Overview of Financial Condition			p.1-3
		(3) Basic Policy on Profit Distribution, Dividend Payment for Fiscal 2024 and Dividend Estimates for Fiscal 2025			p.1-3
2.		Basic Stance on Selection of Accounting Standards			p.1-4
3.		Consolidated Financial Statements and Notes			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)
		(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 Tuesday, May 20, 2025. 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 Condition

(1) Overview of Results of Operations

Reviewing the economic environment over the fiscal year ended March 31, 2025, in response to the slowdown in inflation, the major industrial countries in Europe and the U.S. started to cut interest rates. In the U.S., although the impact of monetary tightening slowed the labor market, the U.S. economy remained solid, driven by consumer spending from high-income groups. Meanwhile, consumption and corporate activities remained stagnant in Europe. In China, the economy lacked momentum, due to the correction of the real estate market and weak consumer spending.

In the U.S., the economy is continuing to grow steadily, driven by consumer spending from high-income groups, even under sudden monetary tightening by the Federal Reserve Board (FRB). On the other hand, inflation had slowed steadily as the impact of monetary tightening slowed the labor market and shortages of labor and supply eased. In January 2025, the U.S. administration changed, and there is a growing concern of a resurgence in inflation and economic deterioration due to its tariff policies. Based on these circumstances, the FRB decided to leave its policy interest rate unchanged at the meeting of the Federal Open Market Committee (FOMC) held in March 2025. Amid increasing uncertainties, it is expected that the FRB will determine its future policies carefully while keeping an eye on inflation and economic conditions.

In Europe, the economy continued to exhibit low growth. Consumer spending was stagnant and the impact of monetary tightening has exerted downward pressure on companies’ investment demand. In addition, inflation slowed as a result of a pause in the passing of rising energy costs onto consumers, a sluggish economy and a deceleration in wage increases. Based on these circumstances, the European Central Bank (ECB) decided to lower its policy interest rate at its meeting held in March 2025. As interest rates gradually approach a neutral level, it is expected that the ECB will determine its future policies by assessing the impact on its economy.

In Asia, the economy is lacking momentum. In China, although government support measures and strong exports supported the economy, prolonged correction in the real estate market and weak consumer spending resulted in an economy that continued to lack momentum. In addition, the U.S.-China conflict is ongoing, and the uncertainty with respect to issues such as trade and national security has become higher than ever. In emerging economies, there has been gradual recovery due to an increase in electronic device exports. However, with concerns like currency depreciation and the resurgence of inflation lingering, the pace of interest rate cuts in each country remains slow, and the recovery of domestic demand is sluggish.

In Japan, the economy is recovering gradually. While the lack of growth in overseas economies is weighing on the production of the manufacturing industry, capital investment and wages are on an upward trend, backed by high levels of corporate earnings. At the same time, as the movement to pass the increased labor costs onto prices is gradually spreading, the Bank of Japan decided to raise its policy interest rate in January 2025. It is expected that the Bank of Japan will continue to determine its monetary policy by assessing developments concerning wages and prices and trends of the economy going forward.

The prospects for the growth of the global economy are expected to remain gradual, as the imposition of tariffs by the U.S. will be a downward pressure factor and the slowdown of the Chinese economy will also weigh on the economy. In addition, due to Japan’s and Europe’s intensified export competition with China in global markets, further escalation of regional conflicts in the Middle East, and policy uncertainty in the U.S., fears of economic deterioration and financial and capital market disruption may spread, potentially adversely affecting the Japanese economy as well.

Under the foregoing business environment, we recorded Consolidated Gross Profits of ¥2,920.4 billion for fiscal 2024, increasing by ¥217.0 billion from the previous fiscal year mainly due to the strong performance in non-interest income as well as positive impact from the Bank of Japan’s policy interest rate hike.

General and Administrative Expenses increased by ¥176.7 billion on a year-on-year basis to ¥1,840.7 billion mainly due to the external factors such as inflation and the resource deployment to growth areas and governance-related costs, offset in part by our maintaining overall control on expenses.

As a result, Consolidated Net Business Profits increased by ¥62.0 billion on a year-on-year basis to ¥1,098.9 billion. Consolidated Net Business Profits + Net Gains (Losses) related to ETFs and others, which consists of Consolidated Net Business Profits, Net Gains (Losses) related to ETFs and others on a non-consolidated aggregated basis of the banks, and Net Gains (Losses) related to operating investment securities on a consolidated basis of Mizuho Securities Co., Ltd., increased by ¥138.4 billion on a year-on-year basis to ¥1,144.2 billion.

 

1-2

Mizuho Financial Group, Inc.

 

Credit-related Costs decreased by ¥54.7 billion on a year-on-year basis to ¥51.6 billion mainly due to the reversals in and outside Japan, offset in part by the reserves from a forward-looking perspective, considering uncertainty in business environment.

Net Gains (Losses) related to Stocks increased by ¥117.5 billion on a year-on-year basis to net gains of ¥141.2 billion mainly due to the increase in profits from the sale of cross-holding stocks.

As a result, Ordinary Profits increased by ¥254.0 billion on a year-on-year basis to ¥1,168.1 billion.

Extraordinary Gains (Losses) decreased by ¥19.0 billion on a year-on-year basis to net gains of ¥21.9 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 ¥29.6 billion on a year-on-year basis to ¥301.4 billion.

As a result, Profit Attributable to Owners of Parent for fiscal 2024 increased by ¥206.4 billion on a year-on-year basis to ¥885.4 billion.

As for earnings estimates for fiscal 2025, we estimate Profit Attributable to Owners of Parent of ¥940.0 billion on a consolidated basis.

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

(2) Overview of Financial Condition

Consolidated Total Assets as of March 31, 2025 amounted to ¥283,320.4 billion, increasing by ¥4,648.2 billion from the end of the previous fiscal year mainly due to an increase in Receivables under Resale Agreements.

Securities amounted to ¥34,307.5 billion, decreasing by ¥3,937.8 billion from the end of the previous fiscal year. Loans and Bills Discounted amounted to ¥94,108.7 billion, increasing by ¥1,329.9 billion from the end of the previous fiscal year. Deposits and Negotiable Certificates of Deposit amounted to ¥173,145.5 billion, increasing by ¥1,700.3 billion from the end of the previous fiscal year.

Net Assets amounted to ¥10,523.7 billion, increasing by ¥211.6 billion from the end of the previous fiscal year. Shareholders’ Equity was ¥9,423.6 billion, Accumulated Other Comprehensive Income was ¥1,018.5 billion, and Non-controlling Interests was ¥81.5 billion.

Net Cash Used in Operating Activities was ¥3,820.8 billion mainly due to increased Call Loans. Net Cash Provided by Investing Activities was ¥3,793.0 billion mainly due to purchase, sale and redemption of securities, and Net Cash Used in Financing Activities was ¥299.0 billion mainly due to the redemption of subordinated bonds.

As a result, Cash and Cash Equivalents as of March 31, 2025 was ¥70,723.3 billion.

(3) Basic Policy on Profit Distribution, Dividend Payment for Fiscal 2024 and Dividend Estimates for Fiscal 2025

Based on our capital management policy of pursuing the optimal balance between capital adequacy, growth investment and enhancement of shareholder return, for Fiscal 2024, 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.

Based on this policy, at the meeting of the Board of Directors held today, we have decided to issue ¥75.0 of year-end cash dividends on common stock for Fiscal 2024 (annual cash dividends of ¥140.0, including interim dividends of ¥65.0), an increase of ¥10.0 from the most recent Dividend Estimate, based on the fact that Profit Attributable to Owners of Parent for Fiscal 2024 was ¥885.4 billion.

Consolidated Common Equity Tier 1 capital ratio (Basel III finalization basis, excluding Net Unrealized Gains (Losses) on Other Securities) was 10.3%, thus again fulfilling the lower end of the 9-10% range that we consider as the necessary level.

 

Year-end cash dividends on Common Stock		¥75.0 per share (Increase of ¥10.0 from the most recent Dividend Estimate)
Annual cash dividends incl. interim dividends		¥140.0 per share (Increase of ¥10.0 from the most recent Dividend Estimate)

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.

We decided to set forth our new shareholder return policy of keeping progressive increase of dividends per share, while executing flexible and intermittent share buybacks. In addition, we will increase dividends per share by approximately ¥5.0 each fiscal year, based on the steady growth of our stable earnings base. We will decide share buybacks, based on our business results, capital adequacy, our stock price and the opportunities for growth investment, using the total payout ratio of 50% or more as a guide.

Based on the new policy, as for the dividend estimates of common stock for Fiscal 2025, we predict ¥145.0 per share of common stock, which is an increase of ¥5.0 from Fiscal 2024. 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 2025)

 

Common Stock		Cash Dividends per Share of which Interim and Year-end Dividends		¥145.0 (Increase of ¥5.0 from Fiscal 2024) ¥72.5 each

 

1-3

Mizuho Financial Group, Inc.

 

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 Notes

(1) Consolidated Balance Sheets

 

		Millions of yen
		As of March 31, 2024				As of March 31, 2025
Assets
Cash and Due from Banks		¥	72,968,900			¥	72,483,086
Call Loans and Bills Bought			1,259,964				688,473
Receivables under Resale Agreements			20,533,096				28,107,374
Guarantee Deposits Paid under Securities Borrowing Transactions			2,357,463				2,078,999
Monetary Claims Bought			4,174,891				3,932,427
Trading Assets			21,381,444				22,240,796
Money Held in Trust			583,647				632,025
Securities			38,245,422				34,307,574
Loans and Bills Discounted			92,778,781				94,108,757
Foreign Exchanges			2,259,701				2,237,879
Derivatives other than for Trading Assets			2,606,667				3,497,747
Other Assets			7,364,363				7,008,874
Tangible Fixed Assets			1,139,470				1,122,592
Buildings			330,325				332,093
Land			613,649				570,345
Lease Assets			16,423				20,968
Construction in Progress			47,074				61,297
Other Tangible Fixed Assets			131,997				137,887
Intangible Fixed Assets			725,142				808,897
Software			383,863				453,171
Goodwill			116,417				108,029
Lease Assets			4,421				11,419
Other Intangible Fixed Assets			220,440				236,277
Net Defined Benefit Asset			847,116				758,783
Deferred Tax Assets			135,428				237,630
Customers’ Liabilities for Acceptances and Guarantees			10,098,502				9,824,242
Allowances for Loan Losses			(787,848	)			(755,751	)
Allowance for Investment Losses			(4	)			(5	)
Total Assets		¥	278,672,151			¥	283,320,404

 

1-5

Mizuho Financial Group, Inc.

 

		Millions of yen
		As of March 31, 2024				As of March 31, 2025
Liabilities
Deposits		¥	159,854,668			¥	158,746,762
Negotiable Certificates of Deposit			11,590,532				14,398,784
Call Money and Bills Sold			1,660,682				2,745,165
Payables under Repurchase Agreements			38,103,216				38,393,650
Guarantee Deposits Received under Securities Lending Transactions			1,306,422				1,604,389
Commercial Paper			1,165,988				2,138,133
Trading Liabilities			13,836,028				14,290,572
Borrowed Money			5,449,852				4,008,514
Foreign Exchanges			900,034				840,486
Short-term Bonds			565,736				724,118
Bonds and Notes			11,999,712				12,877,794
Due to Trust Accounts			983,877				950,946
Derivatives other than for Trading Liabilities			3,818,518				4,566,669
Other Liabilities			6,618,151				6,267,822
Reserve for Bonus Payments			185,977				224,246
Reserve for Variable Compensation			2,527				2,226
Net Defined Benefit Liability			67,151				68,259
Reserve for Director and Corporate Auditor Retirement Benefits			541				484
Reserve for Possible Losses on Sales of Loans			8,645				1,266
Reserve for Contingencies			19,321				22,542
Reserve for Reimbursement of Deposits			10,378				7,146
Reserve for Reimbursement of Debentures			25,125				19,965
Reserves under Special Laws			3,781				4,247
Deferred Tax Liabilities			27,058				21,155
Deferred Tax Liabilities for Revaluation Reserve for Land			57,583				47,059
Acceptances and Guarantees			10,098,502				9,824,242
Total Liabilities		¥	268,360,016			¥	272,796,651
Net Assets
Common Stock		¥	2,256,767			¥	2,256,767
Capital Surplus			1,129,730				1,129,730
Retained Earnings			5,538,891				6,046,578
Treasury Stock			(9,402	)			(9,462	)
Total Shareholders’ Equity			8,915,987				9,423,614
Net Unrealized Gains (Losses) on Other Securities			929,815				867,697
Deferred Gains (Losses) on Hedges			(298,280	)			(465,204	)
Revaluation Reserve for Land			126,879				98,680
Foreign Currency Translation Adjustments			344,250				398,783
Remeasurements of Defined Benefit Plans			214,337				119,654
Own Credit Risk Adjustments, Net of Tax			(452	)			(1,014	)
Total Accumulated Other Comprehensive Income			1,316,550				1,018,596
Stock Acquisition Rights			5				5
Non-controlling Interests			79,591				81,536
Total Net Assets			10,312,135				10,523,753
Total Liabilities and Net Assets		¥	278,672,151			¥	283,320,404

 

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, 2024				For the fiscal year ended March 31, 2025
Ordinary Income		¥	8,744,458			¥	9,030,374
Interest Income			5,772,536				6,000,202
Interest on Loans and Bills Discounted			2,787,517				2,739,320
Interest and Dividends on Securities			674,386				861,082
Interest on Call Loans and Bills Bought			33,521				20,981
Interest on Receivables under Resale Agreements			721,327				801,353
Interest on Securities Borrowing Transactions			44,916				53,453
Interest on Due from Banks			1,060,345				951,617
Other Interest Income			450,521				572,394
Trust Fees			61,487				62,288
Fee and Commission Income			1,060,235				1,115,433
Trading Income			1,090,397				1,047,459
Other Operating Income			360,724				394,573
Other Ordinary Income			399,078				410,417
Recovery of Written-off Claims			5,511				10,698
Other			393,566				399,718
Ordinary Expenses			7,830,410				7,862,233
Interest Expenses			4,884,924				4,954,945
Interest on Deposits			1,738,287				1,690,300
Interest on Negotiable Certificates of Deposit			520,886				494,833
Interest on Call Money and Bills Sold			22,927				16,426
Interest on Payables under Repurchase Agreements			1,754,457				1,843,925
Interest on Securities Lending Transactions			27,635				39,037
Interest on Commercial Paper			83,741				65,808
Interest on Borrowed Money			66,293				60,493
Interest on Short-term Bonds			112				2,299
Interest on Bonds and Notes			315,392				404,367
Other Interest Expenses			355,187				337,452
Fee and Commission Expenses			203,627				208,639
Trading Expenses			363,813				—
Other Operating Expenses			189,710				535,969
General and Administrative Expenses			1,663,951				1,840,702
Other Ordinary Expenses			524,383				321,975
Provision for Allowances for Loan Losses			78,672				36,164
Other			445,710				285,811
Ordinary Profits		¥	914,047			¥	1,168,141

 

1-7

Mizuho Financial Group, Inc.

 

		Millions of yen
		For the fiscal year ended March 31, 2024				For the fiscal year ended March 31, 2025
Extraordinary Gains		¥	58,684			¥	58,371
Gains on Disposition of Fixed Assets			5,946				36,367
Gains on Cancellation of Employee Retirement Benefit Trust			52,738				12,396
Accumulation (Amortization) of Unrecognized Prior Service Cost			—				9,015
Other Extraordinary Gains			—				592
Extraordinary Losses			17,697				36,428
Losses on Disposition of Fixed Assets			9,304				12,692
Losses on Impairment of Fixed Assets			7,963				23,270
Other Extraordinary Losses			429				465
Profit before Income Taxes			955,035				1,190,084
Income Taxes:
Current			276,194				301,525
Deferred			(4,459	)			(108	)
Total Income Taxes			271,735				301,416
Profit			683,299				888,667
Profit Attributable to Non-controlling Interests			4,305				3,234
Profit Attributable to Owners of Parent		¥	678,993			¥	885,433

 

1-8

Mizuho Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

		Millions of yen
		For the fiscal year ended March 31, 2024				For the fiscal year ended March 31, 2025
Profit		¥	683,299			¥	888,667
Other Comprehensive Income (Loss)			661,740				(270,483	)
Net Unrealized Gains (Losses) on Other Securities			367,374				(61,222	)
Deferred Gains (Losses) on Hedges			60,598				(166,963	)
Revaluation Reserve for Land			—				(1,343	)
Foreign Currency Translation Adjustments			190,357				45,598
Remeasurements of Defined Benefit Plans			28,852				(92,478	)
Own Credit Risk Adjustments, Net of Tax			(471	)			(562	)
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method			15,030				6,488
Comprehensive Income			1,345,039				618,184
(Breakdown)
Comprehensive Income Attributable to Owners of Parent			1,335,852				614,332
Comprehensive Income Attributable to Non-controlling Interests			9,187				3,851

 

1-9

Mizuho Financial Group, Inc.

 

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2024

 

		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				1,129,267				5,093,911				(8,786	)			8,471,160
Cumulative Effects of Changes in Accounting Policies											(1,883	)							(1,883	)
Balance as of the beginning of the period reflecting Changes in Accounting Policies			2,256,767				1,129,267				5,092,027				(8,786	)			8,469,276
Changes during the period
Cash Dividends											(234,802	)							(234,802	)
Profit Attributable to Owners of Parent											678,993								678,993
Repurchase of Treasury Stock															(3,383	)			(3,383	)
Disposition of Treasury Stock							0								2,766				2,767
Transfer from Revaluation Reserve for Land											2,441								2,441
Change in Treasury Shares of Parent Arising from Transactions with Non-controlling Shareholders							462												462
Change in Retained Earnings by Decreasing of Equity Method Affiliates and Others											231								231
Net Changes in Items other than Shareholders’ Equity
Total Changes during the period			—				463				446,864				(616	)			446,710
Balance as of the end of the period			2,256,767				1,129,730				5,538,891				(9,402	)			8,915,987

 

		Accumulated Other Comprehensive Income																												Stock Acquisition Rights				Non-Controlling Interests				Total Net Assets
		Net Unrealized Gains (Losses) on Other Securities				Deferred Gains (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			564,495				(358,102	)			129,321				144,093				182,306				19				662,133				5				75,163				9,208,463
Cumulative Effects of Changes in Accounting Policies																											—												(1,883	)
Balance as of the beginning of the period reflecting Changes in Accounting Policies			564,495				(358,102	)			129,321				144,093				182,306				19				662,133				5				75,163				9,206,579
Changes during the period
Cash Dividends																																							(234,802	)
Profit Attributable to Owners of Parent																																							678,993
Repurchase of Treasury Stock																																							(3,383	)
Disposition of Treasury Stock																																							2,767
Transfer from Revaluation Reserve for Land																																							2,441
Change in Treasury Shares of Parent Arising from Transactions with Non-controlling Shareholders																																							462
Change in Retained Earnings by Decreasing of Equity Method Affiliates and Others																																							231
Net Changes in Items other than Shareholders’ Equity			365,319				59,822				(2,441	)			200,157				32,031				(471	)			654,417				—				4,428				658,845
Total Changes during the period			365,319				59,822				(2,441	)			200,157				32,031				(471	)			654,417				—				4,428				1,105,555
Balance as of the end of the period			929,815				(298,280	)			126,879				344,250				214,337				(452	)			1,316,550				5				79,591				10,312,135

 

1-10

Mizuho Financial Group, Inc.

 

For the fiscal year ended March 31, 2025

 

		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				1,129,730				5,538,891				(9,402	)			8,915,987
Changes during the period
Cash Dividends											(304,603	)							(304,603	)
Profit Attributable to Owners of Parent											885,433								885,433
Repurchase of Treasury Stock															(102,921	)			(102,921	)
Disposition of Treasury Stock							2								2,861				2,864
Cancellation of Treasury Stock							(99,999	)							99,999				—
Transfer from Revaluation Reserve for Land											26,853								26,853
Transfer from Retained Earnings to Capital Surplus							99,996				(99,996	)							—
Net Changes in Items other than Shareholders’ Equity
Total Changes during the period			—				(0	)			507,686				(59	)			507,626
Balance as of the end of the period			2,256,767				1,129,730				6,046,578				(9,462	)			9,423,614

 

		Accumulated Other Comprehensive Income																												Stock Acquisition Rights				Non-Controlling Interests				Total Net Assets
		Net Unrealized Gains (Losses) on Other Securities				Deferred Gains (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			929,815				(298,280	)			126,879				344,250				214,337				(452	)			1,316,550				5				79,591				10,312,135
Changes during the period
Cash Dividends																																							(304,603	)
Profit Attributable to Owners of Parent																																							885,433
Repurchase of Treasury Stock																																							(102,921	)
Disposition of Treasury Stock																																							2,864
Cancellation of Treasury Stock																																							—
Transfer from Revaluation Reserve for Land																																							26,853
Transfer from Retained Earnings to Capital Surplus																																							—
Net Changes in Items other than Shareholders’ Equity			(62,117	)			(166,924	)			(28,199	)			54,533				(94,683	)			(562	)			(297,954	)			—				1,944				(296,009	)
Total Changes during the period			(62,117	)			(166,924	)			(28,199	)			54,533				(94,683	)			(562	)			(297,954	)			—				1,944				211,617
Balance as of the end of the period			867,697				(465,204	)			98,680				398,783				119,654				(1,014	)			1,018,596				5				81,536				10,523,753

 

1-11

Mizuho Financial Group, Inc.

 

(4) Consolidated Statements of Cash Flows

 

		Millions of yen
		For the fiscal  year ended March 31, 2024				For the fiscal year ended March 31, 2025
Cash Flow from Operating Activities
Profit before Income Taxes		¥	955,035			¥	1,190,084
Depreciation			173,173				198,607
Losses on Impairment of Fixed Assets			7,963				23,270
Amortization of Goodwill			5,020				7,315
Equity in Loss (Gain) from Investments in Affiliates			(26,221	)			(46,782	)
Increase (Decrease) in Allowances for Loan Losses			42,729				(33,639	)
Increase (Decrease) in Allowance for Investment Losses			3				0
Increase (Decrease) in Reserve for Possible Losses on Sales of Loans			(6,403	)			(7,379	)
Increase (Decrease) in Reserve for Contingencies			3,157				3,759
Increase (Decrease) in Reserve for Bonus Payments			49,304				39,356
Increase (Decrease) in Reserve for Variable Compensation			145				(301	)
Decrease (Increase) in Net Defined Benefit Asset			102,323				(26,725	)
Increase (Decrease) in Net Defined Benefit Liability			(1,638	)			477
Increase (Decrease) in Reserve for Director and Corporate Auditor Retirement Benefits			2				(57	)
Increase (Decrease) in Reserve for Reimbursement of Deposits			(3,316	)			(3,232	)
Increase (Decrease) in Reserve for Reimbursement of Debentures			17,327				(5,159	)
Interest Income—accrual basis			(5,772,536	)			(6,000,202	)
Interest Expenses—accrual basis			4,884,924				4,954,945
Losses (Gains) on Securities			(24,038	)			2,393
Losses (Gains) on Money Held in Trust			5				(739	)
Foreign Exchange Losses (Gains)—net			(1,061,035	)			160,885
Losses (Gains) on Disposition of Fixed Assets			3,358				(23,674	)
Losses (Gains) on Revision of Retirement Benefit Plan			—				(9,015	)
Losses (Gains) on Cancellation of Employee Retirement Benefit Trust			(52,738	)			(12,396	)
Net Decrease (Increase) in Trading Assets			(2,604,912	)			(897,685	)
Net Increase (Decrease) in Trading Liabilities			176,157				449,391
Net Decrease (Increase) in Derivatives other than for Trading Assets			(341,491	)			(901,858	)
Net Increase (Decrease) in Derivatives other than for Trading Liabilities			997,746				757,438
Net Decrease (Increase) in Loans and Bills Discounted			(96,019	)			(1,525,099	)
Net Increase (Decrease) in Deposits			5,381,997				(975,924	)
Net Increase (Decrease) in Negotiable Certificates of Deposit			(3,198,510	)			2,903,305
Net Increase (Decrease) in Borrowed Money (excluding Subordinated Borrowed Money)			1,278,447				(1,446,750	)
Net Decrease (Increase) in Due from Banks (excluding Due from Central Banks)			(324,286	)			15,123
Net Decrease (Increase) in Call Loans, etc.			(7,704,413	)			(6,833,612	)
Net Decrease (Increase) in Guarantee Deposits Paid under Securities Borrowing Transactions			(460,034	)			278,464
Net Increase (Decrease) in Call Money, etc.			9,511,807				1,735,093
Net Increase (Decrease) in Commercial Paper			(854,467	)			986,546
Net Increase (Decrease) in Guarantee Deposits Received under Securities Lending Transactions			548,579				297,966
Net Decrease (Increase) in Foreign Exchanges (Assets)			379,335				2,059
Net Increase (Decrease) in Foreign Exchanges (Liabilities)			223,630				(59,192	)
Net Increase (Decrease) in Short-term Bonds (Liabilities)			88,594				158,381
Increase (Decrease) in Bonds and Notes			441,113				795,718
Net Increase (Decrease) in Due to Trust Accounts			(550,220	)			(32,930	)
Interest and Dividend Income—cash basis			5,571,589				5,907,980
Interest Expenses—cash basis			(4,756,988	)			(5,043,512	)
Other—net			(831,529	)			(679,389	)
Subtotal			2,172,672				(3,696,692	)
Cash Refunded (Paid) in Income Taxes			(287,693	)			(124,107	)
Net Cash Provided by (Used in) Operating Activities			1,884,978				(3,820,800	)

 

1-12

Mizuho Financial Group, Inc.

 

		Millions of yen
		For the fiscal year ended March 31, 2024				For the fiscal year ended March 31, 2025
Cash Flow from Investing Activities
Payments for Purchase of Securities			(78,051,713	)			(60,070,019	)
Proceeds from Sale of Securities			37,149,439				43,264,042
Proceeds from Redemption of Securities			43,228,988				20,901,192
Payments for Increase in Money Held in Trust			(78,560	)			(55,845	)
Proceeds from Decrease in Money Held in Trust			8,692				6,826
Payments for Purchase of Tangible Fixed Assets			(63,123	)			(94,936	)
Payments for Purchase of Intangible Fixed Assets			(193,888	)			(250,009	)
Proceeds from Sale of Tangible Fixed Assets			12,353				88,745
Proceeds from Sale of Intangible Fixed Assets			1,240				125
Payments for Purchase of Stocks of Subsidiaries (affecting the scope of consolidation)			(39,148	)			—
Proceeds from Sale of Stocks of Subsidiaries (affecting the scope of consolidation)			7,927				2,970
Net Cash Provided by (Used in) Investing Activities			1,982,207				3,793,092
Cash Flow from Financing Activities
Proceeds from Subordinated Borrowed Money			—				10,000
Proceeds from Issuance of Subordinated Bonds			499,000				514,500
Payments for Redemption of Subordinated Bonds			(490,310	)			(417,000	)
Proceeds from Investments by Non-controlling Shareholders			153				1,446
Repayments to Non-controlling Shareholders			(61	)			—
Cash Dividends Paid			(234,786	)			(304,425	)
Cash Dividends Paid to Non-controlling Shareholders			(3,569	)			(3,494	)
Payments for Purchase of Stocks of Subsidiaries (not affecting the scope of consolidation)			(800	)			—
Payments for Repurchase of Treasury Stock			(3,383	)			(102,921	)
Proceeds from Sale of Treasury Stock			2,767				2,864
Net Cash Provided by (Used in) Financing Activities			(230,990	)			(299,030	)
Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents			1,703,938				(115,716	)
Net Increase (Decrease) in Cash and Cash Equivalents			5,340,133				(442,454	)
Cash and Cash Equivalents at the beginning of the fiscal year			65,825,681				71,165,815
Cash and Cash Equivalents at the end of the fiscal year		¥	71,165,815			¥	70,723,361

 

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.

 

1-14

Mizuho Financial Group, Inc.

 

(Business Segments Information)

1. Summary of reportable segments

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

Specifically, the company system is classified into the following five in-house companies, each based on a customer segment: the Retail & Business Banking Company (RBC), the Corporate & Investment Banking Company (CIBC), the Global Corporate & Investment Banking Company (GCIBC), the Global Markets Company (GMC), and the Asset Management Company (AMC).

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

RBC:

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

CIBC:

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

GCIBC:

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

GMC:

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

AMC:

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

The reportable segments information, set forth below, is derived from the internal management reporting systems used by management to measure the performance of the Group’s operating segments. Management measures the performance of each of the operating segments in accordance with internal managerial accounting rules and practices.

2. Calculating method of Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others, Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others, 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 (Losses) related to ETFs and others is the total amount of Interest Income, Trust Fees, Fee and Commission Income, Trading Income, Other Operating Income, and Net Gains (Losses) related to ETFs and others.

Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others is the amount of which General and Administrative Expenses (excluding Non-Recurring Losses 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 (Losses) related to ETFs and others.

Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (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 (Losses) related to ETFs and others, Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others, and Fixed Assets by reportable segment

 

		Millions of yen
		MHFG (Consolidated)
		RBC				CIBC				GCIBC				GMC				AMC				Others (Note 2)
Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others			832,192				636,745				792,244				499,127				59,703				145,672				2,965,683
General and Administrative Expenses (excluding Non-Recurring Losses and others)			702,186				239,532				453,040				345,616				38,391				75,830				1,854,595
Equity in Income from Investments in Affiliates			10,456				9,693				25,004				—				(3,301	)			4,930				46,782
Amortization of Goodwill and others			6				824				5,879				—				6,116				790				13,615
Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others			140,456				406,082				358,329				153,511				11,895				73,981				1,144,254
Fixed Assets			603,769				171,780				224,407				101,201				—				830,333				1,931,490

Notes: 1.		Gross Profits (excluding the amounts of credit costs of trust accounts) +Net Gains (Losses) related to ETFs and others is reported instead of sales reported by general corporations. Net Gains (Losses) related to ETFs and others amounted to ¥ 45,280 million, of which ¥ 37,041 million is included in the GMC.
2.		“Others” includes items which should be eliminated as internal transactions between each segment on a consolidated basis.
3.		“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 (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 allowance for loan losses) + Net Gains (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 (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 (Losses) related to ETFs and others			2,965,683
Net Gains (Losses) related to ETFs and others			(45,280	)
Other Ordinary Income			410,417
General and Administrative Expenses			(1,840,702	)
Other Ordinary Expenses			(321,975	)
Ordinary Profits recorded in Consolidated Statement of Income			1,168,141

 

(2)

The total of Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others of Segment Information and Profit 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 allowance for loan losses) + Net Gains (Losses) related to ETFs and others			1,144,254
General and Administrative Expenses (Non-Recurring Losses)			27,508
Expenses related to Portfolio Problems (including reversal of (provision for) general allowance for loan losses)			(62,173	)
Gains on Reversal of Allowances for Loan Losses, and others			10,569
Net Gains (Losses) related to Stocks—Net Gains (Losses) related to ETFs and others			95,946
Net Extraordinary Gains (Losses)			21,943
Others			(47,965	)
Profit before Income Taxes recorded in Consolidated Statement of Income			1,190,084

 

1-17

Mizuho Financial Group, Inc.

 

(Per Share Information)

(Consolidated basis)

 

						Fiscal 2023				Fiscal 2024
Net Assets per Share of Common Stock						¥	4,037.28			¥	4,161.03
Earnings per Share of Common Stock						¥	267.88			¥	350.20
Diluted Earnings per Share of Common Stock						¥	267.88			¥	350.20

 

Notes: 1.

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

						Fiscal 2023				Fiscal 2024
Net Assets per Share of Common Stock
Total Net Assets		¥	million				10,312,135				10,523,753
Deductions from Total Net Assets		¥	million				79,597				81,541
Stock Acquisition Rights		¥	million				5				5
Non-Controlling Interests		¥	million				79,591				81,536
Net Assets (year-end) related to Common Stock		¥	million				10,232,538				10,442,211
Year-end Outstanding Shares of Common Stock, based on which Total Net Assets per Share of Common Stock was calculated			Thousands of shares				2,534,510				2,509,524

 

2.

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

						Fiscal 2023				Fiscal 2024
Earnings per Share of Common Stock
Profit Attributable to Owners of Parent		¥	million				678,993				885,433
Amount not attributable to Common Stock		¥	million				—				—
Profit Attributable to Owners of Parent related to Common Stock		¥	million				678,993				885,433
Average Outstanding Shares of Common Stock (during the period)			Thousands of shares				2,534,673				2,528,302
Diluted Earnings per Share of Common Stock
Adjustment to Profit Attributable to Owners of Parent		¥	million				—				—
Increased Number of Shares of Common Stock			Thousands of shares				2				2
Stock Acquisition Rights			Thousands of shares				2				2
Description of dilutive securities which were not included in the calculation of Diluted Earnings per Share of Common Stock as they have no dilutive effects							—				—

 

1-18