UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2013

Commission File Number 001-33098

Mizuho Financial Group, Inc.

(Translation of registrant’s name into English)

5-1, Marunouchi 2-chome

Chiyoda-ku, Tokyo 100-8333

Japan

(Address of principal executive office)

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

Form 20-F  x    Form 40-F   ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ¨    No  x

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

 

 

 

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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.

 

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1. Interim Consolidated Financial Statements

(1) Consolidated Balance Sheet

 

		Millions of yen
		As of September 30, 2013
Assets
Cash and Due from Banks		¥				*8			18,133,429
Call Loans and Bills Purchased									361,000
Receivables under Resale Agreements									12,157,183
Guarantee Deposits Paid under Securities Borrowing Transactions									5,586,262
Other Debt Purchased									2,978,895
Trading Assets						*8			13,942,483
Money Held in Trust									128,874
Securities						*1*8*15			46,601,342
Loans and Bills Discounted						*3*4*5*6*7*8*9			67,435,232
Foreign Exchange Assets						*7			1,338,201
Derivatives other than for Trading Assets									3,318,853
Other Assets						*8			5,058,186
Tangible Fixed Assets						*10*11			906,531
Intangible Fixed Assets									488,626
Deferred Tax Assets									147,872
Customers’ Liabilities for Acceptances and Guarantees									4,211,350
Reserves for Possible Losses on Loans									(645,063	)
Reserve for Possible Losses on Investments									(28	)
Total Assets		¥							182,149,236

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		Millions of yen
		As of September 30, 2013
Liabilities
Deposits		¥					*8				86,720,758
Negotiable Certificates of Deposit											14,916,975
Call Money and Bills Sold							*8				5,608,146
Payables under Repurchase Agreements							*8				20,494,636
Guarantee Deposits Received under Securities Lending Transactions							*8				7,306,493
Commercial Paper											619,956
Trading Liabilities											7,169,893
Borrowed Money							*8 *12				9,360,535
Foreign Exchange Liabilities											233,507
Short-term Bonds											568,197
Bonds and Notes							*13				5,131,982
Due to Trust Accounts											1,253,759
Derivatives other than for Trading Liabilities											3,463,391
Other Liabilities											6,715,045
Reserve for Bonus Payments											36,325
Reserve for Employee Retirement Benefits											40,659
Reserve for Director and Corporate Auditor Retirement Benefits											1,323
Reserve for Possible Losses on Sales of Loans											346
Reserve for Contingencies											19,111
Reserve for Reimbursement of Deposits											16,654
Reserve for Reimbursement of Debentures											47,588
Reserves under Special Laws											1,049
Deferred Tax Liabilities											29,470
Deferred Tax Liabilities for Revaluation Reserve for Land							*10				81,455
Acceptances and Guarantees											4,211,350
Total Liabilities											174,048,615
Net Assets
Common Stock and Preferred Stock											2,254,972
Capital Surplus											1,109,508
Retained Earnings											2,132,117
Treasury Stock											(3,846	)
Total Shareholders’ Equity											5,492,751
Net Unrealized Gains (Losses) on Other Securities											729,899
Deferred Gains or Losses on Hedges											(4,990	)
Revaluation Reserve for Land							*10				141,461
Foreign Currency Translation Adjustments											(72,440	)
Total Accumulated Other Comprehensive Income											793,929
Stock Acquisition Rights											1,733
Minority Interests											1,812,207
Total Net Assets											8,100,621
Total Liabilities and Net Assets		¥									182,149,236

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(2)	Consolidated Statement of Income and

Consolidated Statement of Comprehensive Income

[Consolidated Statement of Income]

 

		Millions of yen
		For the six months ended September 30, 2013
Ordinary Income		¥									1,540,570
Interest Income											710,234
Interest on Loans and Bills Discounted											460,427
Interest and Dividends on Securities											163,044
Fiduciary Income											25,735
Fee and Commission Income											339,972
Trading Income											111,399
Other Operating Income											150,010
Other Ordinary Income							*1				203,217
Ordinary Expenses											973,192
Interest Expenses											156,249
Interest on Deposits											50,635
Fee and Commission Expenses											64,594
Trading Expenses											4,268
Other Operating Expenses											69,264
General and Administrative Expenses											614,304
Other Ordinary Expenses							*2				64,510
Ordinary Profits											567,377
Extraordinary Gains							*3				529
Extraordinary Losses							*4				4,532
Income before Income Taxes and Minority Interests											563,374
Income Taxes:
Current											71,836
Refund of Income Taxes											(4,393	)
Deferred											24,134
Total Income Taxes											91,577
Net Income before Minority Interests											471,797
Minority Interests in Net Income											42,051
Net Income		¥									429,745

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[Consolidated Statement of Comprehensive Income]

 

		Millions of yen
		For the six months ended September 30, 2013
Income before Minority Interests		¥					471,797
Other Comprehensive Income							48,077
Net Unrealized Gains (Losses) on Other Securities							117,890
Deferred Gains or Losses on Hedges							(89,792	)
Revaluation Reserve for Land							21
Foreign Currency Translation Adjustments							11,818
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method							8,140
Comprehensive Income							519,875
(Breakdown)
Comprehensive Income Attributable to Owners of the Parent							472,047
Comprehensive Income Attributable to Minority Interests							47,827

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(3) Consolidated Statement of Cash Flows

 

		Millions of yen
		For the six months ended September 30, 2013
Cash Flow from Operating Activities
Income before Income Taxes and Minority Interests		¥	563,374
Depreciation			75,361
Losses on Impairment of Fixed Assets			1,025
Amortization of Goodwill			1,727
Equity in Loss (Gain) from Investments in Affiliates			(13,680	)
Increase (Decrease) in Reserves for Possible Losses on Loans			(105,227	)
Increase (Decrease) in Reserve for Possible Losses on Investments			(12	)
Increase (Decrease) in Reserve for Possible Losses on Sales of Loans			297
Increase (Decrease) in Reserve for Contingencies			(2,716	)
Increase (Decrease) in Reserve for Bonus Payments			(10,766	)
Increase (Decrease) in Reserve for Employee Retirement Benefits			1,884
Increase (Decrease) in Reserve for Director and Corporate Auditor Retirement Benefits			(290	)
Increase (Decrease) in Reserve for Reimbursement of Deposits			190
Increase (Decrease) in Reserve for Reimbursement of Debentures			12,170
Interest Income - accrual basis			(710,234	)
Interest Expenses - accrual basis			156,249
Losses (Gains) on Securities			(76,145	)
Losses (Gains) on Money Held in Trust			(39	)
Foreign Exchange Losses (Gains) - net			(438,437	)
Losses (Gains) on Disposition of Fixed Assets			2,031
Decrease (Increase) in Trading Assets			216,147
Increase (Decrease) in Trading Liabilities			(649,965	)
Decrease (Increase) in Derivatives other than for Trading Assets			1,233,043
Increase (Decrease) in Derivatives other than for Trading Liabilities			(1,006,531	)
Decrease (Increase) in Loans and Bills Discounted			(762,603	)
Increase (Decrease) in Deposits			1,840,771
Increase (Decrease) in Negotiable Certificates of Deposit			(571,533	)
Increase (Decrease) in Borrowed Money (excluding Subordinated Borrowed Money)			1,674,558
Decrease (Increase) in Due from Banks (excluding Due from Central Banks)			289,454
Decrease (Increase) in Call Loans, etc.			(2,093,685	)
Decrease (Increase) in Guarantee Deposits Paid under Securities Borrowing Transactions			(42,348	)
Increase (Decrease) in Call Money, etc.			1,570,530
Increase (Decrease) in Commercial Paper			(130,517	)
Increase (Decrease) in Guarantee Deposits Received under Securities Lending Transactions			(4,018,945	)
Decrease (Increase) in Foreign Exchange Assets			123,848
Increase (Decrease) in Foreign Exchange Liabilities			50,786
Increase (Decrease) in Short-term Bonds (Liabilities)			90,797
Increase (Decrease) in Bonds and Notes			1,233
Increase (Decrease) in Due to Trust Accounts			133,062
Interest and Dividend Income - cash basis			796,054
Interest Expenses - cash basis			(186,892	)
Other - net			737,054
Subtotal			(1,248,914	)
Cash Refunded (Paid) in Income Taxes			(79,453	)
Net Cash Provided by (Used in) Operating Activities		¥	(1,328,368	)

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		Millions of yen
		For the six months ended September 30, 2013
Cash Flow from Investing Activities
Payments for Purchase of Securities		¥									(29,290,708	)
Proceeds from Sale of Securities											31,455,142
Proceeds from Redemption of Securities											5,391,852
Payments for Increase in Money Held in Trust											(34,635	)
Proceeds from Decrease in Money Held in Trust											1,785
Payments for Purchase of Tangible Fixed Assets											(32,769	)
Payments for Purchase of Intangible Fixed Assets											(49,986	)
Proceeds from Sale of Tangible Fixed Assets											2,398
Proceeds from Sale of Intangible Fixed Assets											0
Payments for Purchase of Stocks of Subsidiaries (affecting the scope of consolidation)											(30,292	)
Net Cash Provided by (Used in) Investing Activities											7,412,786
Cash Flow from Financing Activities
Repayments of Subordinated Borrowed Money											(18,000	)
Payments for Redemption of Subordinated Bonds											(37,500	)
Proceeds from Investments by Minority Shareholders											295
Cash Dividends Paid											(76,368	)
Cash Dividends Paid to Minority Shareholders											(48,861	)
Payments for Repurchase of Treasury Stock											(37,004	)
Proceeds from Sale of Treasury Stock											9
Net Cash Provided by (Used in) Financing Activities											(217,429	)
Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents											45,981
Net Increase (Decrease) in Cash and Cash Equivalents											5,912,970
Cash and Cash Equivalents at the beginning of the period											11,347,537
Increase (Decrease) in Cash and Cash Equivalents due to change of accounting period of subsidiaries											0
Cash and Cash Equivalents at the end of the period		¥					*1				17,260,508

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(Notes)

(Notes to Consolidated Balance Sheet)

Notes as of September 30, 2013

1. Total balance of securities and investments in affiliates

 

		As of September 30, 2013
Securities		¥	276,701 million
Investments		¥	421 million

2. There was no balance for unsecured loaned securities which the borrowers have the right to sell or repledge.

MHFG has the right to sell or repledge some of unsecured borrowed securities, securities purchased under resale agreements and securities borrowed with cash collateral and the balances of these securities are as follows.

 

		As of September 30, 2013
The total of securities repledged		¥	13,711,444 million
Securities neither repledged nor re-loaned		¥	2,321,578 million

3. Loans and Bills Discounted include Loans to Bankrupt Obligors and Non-Accrual Delinquent Loans as follows.

 

		As of September 30, 2013
Loans to Bankrupt Obligors		¥	19,468 million
Non-Accrual Delinquent Loans		¥	526,284 million

Loans to Bankrupt Obligors are loans, excluding loans written-off, on which delinquencies in payment of principal and/or interest have continued for a significant period of time or for some other reason there is no prospect of collecting principal and/or interest (“Non-Accrual Loans”), as per Article 96, Paragraph 1, Item 3, Subsections 1 to 5 or Item 4 of the Corporate Tax Law Enforcement Ordinance (Government Ordinance No. 97, 1965).

Non-Accrual Delinquent Loans represent Non-Accrual Loans other than (i) Loans to Bankrupt Obligors and (ii) loans on which interest payments have been deferred in order to assist or facilitate the restructuring of the obligors.

4. Balance of Loans Past Due for Three Months or More is as follows.

 

		As of September 30, 2013
Loans Past Due for Three Months or More		¥	2,319 million

Loans Past Due for Three Months or More are loans on which payments of principal and/or interest have not been made for a period of three months or more since the next day following the first due date without such payments, and which are not included in Loans to Bankrupt Obligors, or Non-Accrual Delinquent Loans.

5. Balance of Restructured Loans is as follows.

 

		As of September 30, 2013
Restructured Loans		¥	542,143 million

Restructured Loans represent loans whose contracts were amended in favor of obligors (e.g., reduction of, or exemption from, stated interest, deferral of interest payments, extension of maturity dates and renunciation of claims) in order to assist or facilitate the restructuring of the obligors. Loans to Bankrupt Obligors, Non-Accrual Delinquent Loans and Loans Past Due for Three Months or More are not included.

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6. Total balance of Loans to Bankrupt Obligors, Non-Accrual Delinquent Loans, Loans Past Due for Three Months or More, and Restructured Loans is as follows.

 

		As of September 30, 2013
Total balance		¥	1,090,215 million

The amounts given in Notes 3 through 6 above are gross amounts before deduction of amounts for the Reserves for Possible Losses on Loans.

7. In accordance with “Treatment of Accounting and Auditing of Application of Accounting Standard for Financial Instruments in the Bank Industry” (JICPA Industry Audit Committee Report No. 24), bills discounted are accounted for as financing transactions. The banking subsidiaries have rights to sell or pledge these bankers’ acceptances, commercial bills, documentary bills and foreign exchange bills purchased. The face value of these bills amounted to ¥1,076,350 million.

8. The following assets were pledged as collateral.

 

		As of September 30, 2013
Trading Assets		¥	5,721,037 million
Securities		¥	15,412,735 million
Loans and Bills Discounted		¥	8,650,503 million
Other Assets		¥	1,110 million
Total		¥	29,785,387 million

The following liabilities were collateralized by the above assets.

 

Deposits		¥	873,841 million
Call Money and Bills Sold		¥	1,609,800 million
Payables under Repurchase Agreements		¥	7,307,149 million
Guarantee Deposits Received under Securities Lending Transactions		¥	6,608,045 million
Borrowed Money		¥	7,456,016 million

In addition to the above, the settlement accounts of foreign and domestic exchange transactions or derivatives transactions and others were collateralized, and margins for futures transactions were substituted by the following.

 

		As of September 30, 2013
Cash and Due from Banks		¥	23,401 million
Trading Assets		¥	240,990 million
Securities		¥	2,664,933 million
Loans and Bills Discounted		¥	123,327 million

Other Assets include guarantee deposits, margins for futures transactions, and collateral pledged for financial instruments and others, and each balance is as follows.

 

		As of September 30, 2013
Guarantee Deposits		¥	121,916 million
Margins for Future Transactions		¥	133,108 million
Collateral Pledged for Financial Instruments and Others		¥	395,401 million

Rediscount of bills is conducted as financial transaction based on “Treatment of Accounting and Auditing of Application of Accounting Standard for Financial Instruments in the Bank Industry” (JICPA Industry Audit Committee Report No. 24). As a result, there was no balance for bankers’ acceptances, commercial bills, documentary bills or foreign exchange bills purchased.

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9. Overdraft protection on current accounts and contracts of the commitment line for loans are contracts by which banking subsidiaries are bound to extend loans up to the prearranged amount, at the request of customers, unless the customer is in breach of contract conditions. The unutilized balances of these contracts are as follows.

 

		As of September 30, 2013
Unutilized balances		¥	67,013,953 million
Of which, contracts of which the original contractual maturity is one year or less (or which are unconditionally cancelable at any time)		¥	56,666,087 million

Since many of these contracts expire without being exercised, the unutilized balance itself does not necessarily affect future cash flows. A provision is included in many of these contracts that entitles the banking subsidiaries to refuse the execution of loans, or reduce the maximum amount under contracts when there is a change in the financial situation, necessity to preserve a claim or other similar reasons. The banking subsidiaries require collateral such as real estate and securities when deemed necessary at the time the contract is entered into. In addition, they periodically monitor customers’ business conditions in accordance with internally established standards and take the necessary measures to manage credit risks such as amendments to contracts.

10. In accordance with the Land Revaluation Law (Proclamation No.34 dated March 31, 1998), land used for business operations of domestic consolidated banking subsidiaries was revalued. The applicable income taxes on the entire excess of revaluation are included in Deferred Tax Liabilities for Revaluation Reserve for Land under Liabilities, and the remainder, net of applicable income taxes, is stated as Revaluation Reserve for Land, net of Taxes included in Net Assets.

Revaluation date: March 31, 1998

Revaluation method as stated in Article 3, Paragraph 3 of the above law: Land used for business operations was revalued by calculating the value on the basis of the valuation by road rating stipulated in Article 2, Paragraph 4 of the Enforcement Ordinance relating to the Land Revaluation Law (Government Ordinance No.119 promulgated on March 31, 1998) with reasonable adjustments to compensate for sites with long depth and other factors, and also on the basis of the appraisal valuation stipulated in Paragraph 5.

11. Accumulated Depreciation of Tangible Fixed Assets is as follows.

 

		As of September 30, 2013
Accumulated Depreciation		¥	815,467 million

12. Borrowed Money includes subordinated borrowed money with a covenant that performance of the obligation is subordinated to that of other obligations as follows.

 

		As of September 30, 2013
Subordinated Borrowed Money		¥	590,474 million

13. Bonds and Notes include subordinated bonds as follows.

 

		As of September 30, 2013
Subordinated Bonds		¥	1,569,508 million

14. The principal amount of money trusts with contracts indemnifying the principal amount, which is entrusted to domestic consolidated trust banking subsidiaries is as follows.

 

		As of September 30, 2013
Money trusts		¥	743,149 million

15. Liabilities for guarantees on corporate bonds included in Securities, which were issued by private placement (Article 2, Paragraph 3 of the Financial Instruments and Exchange Law) amounted to ¥974,606 million.

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(Notes to Consolidated Statement of Income)

For the six months ended September 30, 2013

1. Other Ordinary Income includes the following.

 

		For the six months ended September 30, 2013
Gains on Reversal of Reserves for Possible Losses on Loans		¥	78,211 million
Gains on Sales of Stocks		¥	45,260 million
Income from Matured Debentures		¥	31,376 million

2. Other Ordinary Expenses includes the following.

 

		For the six months ended September 30, 2013
Losses on Write-offs of Loans		¥	15,835 million
Provision for Reserve for Reimbursement of Debentures		¥	12,170 million

3. Extraordinary Gains is as follows.

 

		For the six months ended September 30, 2013
Gains on Disposition of Fixed Assets		¥	375 million
Reversal of Reserve for Contingent Liabilities from Financial Instruments and Exchange		¥	154 million

4. Extraordinary Losses is as follows.

 

		For the six months ended September 30, 2013
Losses on Disposition of Fixed Assets		¥	2,406 million
Merger Expenses of the Securities Subsidiary		¥	1,100 million
Losses on Impairment of Fixed Assets		¥	1,025 million

(Notes to Consolidated Statement of Cash Flows)

For the six months ended September 30, 2013

1. Cash and Cash Equivalents at the end of the period on the consolidated statement of cash flows reconciles to Cash and Due from Banks on the consolidated balance sheet as follows:

 

		As of September 30, 2013
Cash and Due from Banks		¥	18,133,429 million
Due from Banks excluding central banks		¥	(872,920) million
Cash and Cash Equivalents		¥	17,260,508 million

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(Securities)

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

For the six months ended September 30, 2013

1. Bonds Held to Maturity (as of September 30, 2013)

 

(Millions of yen)
		Type		Consolidated Balance Sheet Amount				Fair Value				Difference
Bonds Whose Fair Values Exceed the Consolidated Balance Sheet Amount		Japanese Government Bonds			3,099,952				3,116,424				16,471
Bonds Whose Fair Values Do Not Exceed the Consolidated Balance Sheet Amount		Japanese Government Bonds			500,364				498,650				(1,714	)
Total					3,600,317				3,615,074				14,756

2. Other Securities (as of September 30, 2013)

 

(Millions of yen)
		Type		Consolidated Balance Sheet Amount				Acquisition Cost				Difference
Other Securities Whose Consolidated Balance Sheet Amount Exceeds Acquisition Cost		Stocks			2,763,953				1,533,513				1,230,439
		Bonds			16,519,910				16,470,619				49,291
		Japanese Government Bonds			14,470,805				14,452,531				18,274
		Japanese Local Government Bonds			166,209				163,542				2,667
		Short-term Bonds			—				—				—
		Japanese Corporate Bonds			1,882,895				1,854,545				28,349
		Other			3,013,027				2,880,532				132,494
		Foreign Bonds			1,753,997				1,735,992				18,005
		Other Debt Purchased			231,606				225,710				5,896
		Other			1,027,423				918,829				108,593
		Sub-total			22,296,891				20,884,665				1,412,225
Other Securities Whose Consolidated Balance Sheet Amount Does Not Exceed Acquisition Cost		Stocks			405,276				501,524				(96,248	)
		Bonds			12,365,992				12,392,770				(26,778	)
		Japanese Government Bonds			11,486,109				11,497,181				(11,071	)
		Japanese Local Government Bonds			84,178				84,440				(262	)
		Short-term Bonds			99				99				—
		Japanese Corporate Bonds			795,603				811,048				(15,444	)
		Other			8,279,724				8,518,400				(238,676	)
		Foreign Bonds			6,784,999				6,992,213				(207,214	)
		Other Debt Purchased			649,034				652,983				(3,949	)
		Other			845,690				873,203				(27,512	)
		Sub-total			21,050,992				21,412,695				(361,702	)
Total					43,347,884				42,297,360				1,050,523

(Note) Unrealized Gains (Losses) includes ¥33,688 million, which was recognized in the statement of income by applying the fair-value hedge method.

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3. Impairment (“Devaluation”) of Securities

Securities other than Trading Securities (excluding Securities for which it is deemed to be extremely difficult to determine the fair value) are devalued to the fair value, and the difference between the acquisition cost and the fair value is treated as the loss for the period (impairment (devaluation)), if the fair value (primarily the closing market price at the consolidated balance sheet date) has significantly deteriorated compared with the acquisition cost (including amortized cost), and unless it is deemed that there is a possibility of a recovery in the fair value. The amount of impairment (devaluation) for the period was ¥10,846 million.

The criteria for determining whether a security’s fair value has “significantly deteriorated” are outlined as follows:

 

•

Securities whose fair value is 50% or less of the acquisition cost

 

•

Securities whose fair value exceeds 50% but is 70% or less of the acquisition cost and the quoted market price maintains a certain level or lower.

(Notes to Money Held in Trust)

For the six months ended September 30, 2013

 

1.	Money Held in Trust Held to Maturity (as of September 30, 2013)

There was no Money Held in Trust held to maturity.

 

2.	Other in Money Held in Trust (other than for investment purposes and held to maturity purposes)

 

(as of September 30, 2013)

(Millions of yen)

Consolidated Balance Sheet Amount

Acquisition Cost

Difference

Other in Money Held in Trust Whose Consolidated Balance Sheet Amount Exceeds Acquisition Cost

Other in Money Held in Trust Whose Consolidated Balance Sheet  Amount Does Not Exceed Acquisition Cost

Other in Money Held in Trust

1,509

1,509

—

—

—

(Note) “Other in Money Held in Trust Whose Consolidated Balance Sheet Amount Exceeds Acquisition Cost” and “Other in Money Held in Trust Whose Consolidated Balance Sheet Amount Does Not Exceed Acquisition Cost” are components of “Difference.”

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(Business Segment Information)

For the six months ended September 30, 2013

1. Summary of reportable segment

Beginning on April 1, 2013, Mizuho Financial Group moved to a new group operational structure and established ten business units and head-office coordination divisions to determine strategies and initiatives across the group-wide banking, trust banking, securities and other business areas, aiming to promote timely and unified group strategic planning under the strong governance of the holding company. As a result, the existing three Global Groups were abolished.

Mizuho Financial Group provides banking business, trust business, securities business, and other financial services through subsidiaries. As these subsidiaries belong to various industries and are managed under diverse regulatory environment, for the appropriate evaluation of current and future cash flow, the following main subsidiaries are designated as reportable segments in this reportable segment:

Mizuho Bank, Ltd.(MHBK) Ÿ Mizuho Corporate Bank, Ltd.(MHCB): Banking business

Mizuho Trust & Banking Co., Ltd.(MHTB): Trust business Ÿ Banking business

Mizuho Securities Co., Ltd. (MHSC): Securities business

MHBK and MHCB are based on six customer segments to meet customers’ requirements and Trading and others. Six customer segments are Personal Banking, Retail Banking, Corporate Banking (Large Corporations), Corporate Banking, Financial Institutions & Public Sector Business, and International Banking. The targets of each segment are as follows:

 

•

Personal Banking: individuals (excluding individuals who belong to Retail Banking);

 

•

Retail Banking: business owners, land owners, lease holders, and SMEs;

 

•

Corporate Banking (Large Corporations): large corporations and their affiliates in Japan;

 

•

Corporate Banking: relatively larger SMEs (quasi listed companies);

 

•

Financial Institutions & Public Sector Business: financial institutions and central and local governments; and

 

•

International Banking: Japanese companies that conduct business overseas and business with non-Japanese companies.

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. The management measures the performance of each of the operating segments primarily in terms of “net business profits” (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) 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 business profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans), and the amount of 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) is the total amount of Interest income, Fiduciary income, Fee and commission income, Trading income, and Other operating income.

Net business profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) is the amount of which General administrative expenses (excluding non-recurring expenses) and Other (Equity in income from investments in affiliates and certain other consolidation adjustments) are deducted from Gross profits (excluding the amounts of credit costs of trust accounts).

Asset information by segment is not prepared on the grounds that management does not use asset information of each segment for the purpose of asset allocation or performance evaluation.

Gross profits (excluding the amounts of credit costs of trust accounts) relating to transactions between segments is based on the current market price.

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3. Gross profits (excluding the amounts of credit costs of trust accounts) and 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) by reportable segment

 

		(Millions of yen)
		MHBK (Consolidated)																																								MHTB (Consolidated)				MHSC (Consolidated)				Others Notes:(2),(3)				MHFG (Consolidated)
		MHBK (Non-consolidated) Notes:(3)																																Others Notes:(2)
		Personal Banking				Retail Banking				Corporate Banking (Large Corporations)				Corporate Banking				Financial Institutions & Public Sector Business				International Banking				Trading and others
Gross profits: (excluding the amounts of credit costs of trust accounts)
Net interest income (expense)			55,300				20,100				80,700				25,800				12,500				64,600				88,449				347,449				54,266				401,715				18,999				1,326				131,944				553,985
Net noninterest income			9,100				11,600				66,500				19,600				8,700				76,500				(897	)			191,102				1,086				192,188				53,793				148,070				94,937				488,990
Total			64,400				31,700				147,200				45,400				21,200				141,100				87,551				538,551				55,352				593,904				72,792				149,397				226,881				1,042,975
General and administrative expenses (excluding Non-Recurring Losses)			56,600				29,400				40,500				19,800				10,500				42,900				54,961				254,661				21,089				275,750				45,590				120,142				158,242				599,726
Others			—				—				—				—				—				—				—				—				(22,278	)			(22,278	)			(1,550	)			18				(822	)			(24,633	)
Net business profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans)			7,800				2,300				106,700				25,600				10,700				98,200				32,590				283,890				11,984				295,874				25,652				29,272				67,816				418,616

Notes:

(1)	Gross profits (excluding the amounts of credit costs of trust accounts) is reported instead of sales reported by general corporations.

(2)	“Others” includes elimination of transactions between subsidiaries.

(3)	MHBK and MHCB merged in July 2013. In the above table, “MHBK (Non-consolidated)” reports the results of MHCB for the first quarter and MHBK after the merger for the second quarter. “Others” includes the result of MHBK before the merger for the first quarter.

(Aggregate of MHBK and MHCB)

 

		(Millions of yen)
		Aggregate of MHBK and MHCB
		Personal Banking				Retail Banking				Corporate Banking (Large Corporations)				Corporate Banking				Financial Institutions & Public Sector Business				International Banking				Trading and others
Gross profits: (excluding the amounts of credit costs of trust accounts)
Net interest income (expense)			108,800				40,300				83,200				51,200				17,200				64,600				105,793				471,093
Net noninterest income			17,800				22,100				71,200				32,500				10,900				76,500				22,263				253,263
Total			126,600				62,400				154,400				83,700				28,100				141,100				128,056				724,356
General and administrative expenses (excluding Non-Recurring Losses)			111,700				58,300				43,900				38,700				14,400				42,900				76,849				386,749
Others			—				—				—				—				—				—				—				—
Net business profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans)			14,900				4,100				110,500				45,000				13,700				98,200				51,206				337,606

Note

MHBK and MHCB merged in July 2013. In the above table, the figures for MHBK before the merger for the first quarter, MHCB for the first quarter, and MHBK after the merger for the second quarter are simply aggregated.

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4. The difference between the total amounts of reportable segments and the recorded amounts in 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) 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) derived from internal management reporting by reportable segment are different from the amounts recorded in Consolidated Statement of Income.

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

 

(1)	The total of Gross profits (excluding the amounts of credit costs of trust accounts) of segment information and Ordinary Profits recorded in Consolidated Statement of Income

 

Millions of yen
Gross profits: (excluding the amounts of credit costs of trust accounts)		Amount
Total amount of the above segment information			1,042,975
Other Ordinary Income			203,217
General and Administrative Expenses			(614,304	)
Other Ordinary Expenses			(64,510	)
Ordinary Profits recorded in Consolidated Statements of Income			567,377

(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) of segment information and Income before income taxes and minority interests recorded in Consolidated Statements of Income

 

Millions of yen
Net business profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans)		Amount
Total amount of the above segment information			418,616
Credit Costs for Trust Accounts			—
General and Administrative Expenses (non-recurring losses)			(14,578	)
Expenses related to Portfolio Problems (including reversal of (provision for) general reserve for losses on loans)			(15,837	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others			92,848
Net Gains (Losses) related to Stocks			39,032
Net Extraordinary Gains (Losses)			(4,003	)
Other			47,297
Income before income taxes and minority interests recorded in Consolidated Statements of Income			563,374

[Related Information]

For the six months ended September 30, 2013

 

1.	Information about Geographic Areas

 

(1)	Ordinary Income

 

(Millions of yen)
Japan		Americas				Europe				Asia/Oceania excluding  Japan				Total
1,217,253			93,816				103,232				126,267				1,540,570

(Notes)

1.	Geographic analyses are presented based on geographic contiguity, similarities in economic activities, and relation of business operations. The above table shows Ordinary Income instead of sales of non-financial companies.

2.

Japan includes Ordinary Income of MHFG and domestic consolidated subsidiaries excluding overseas branches, Americas includes Ordinary Income of consolidates subsidiaries and branches in Canada, the United States of America and others, Europe includes Ordinary Income of consolidated subsidiaries and branches in the United Kingdom and others and Asia/Oceania includes Ordinary Income of consolidated subsidiaries and branches in Hong Kong, the Republic of Singapore and others.

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(2)	Tangible Fixed Assets

Information on tangible fixed assets by geographical areas is not disclosed since tangible fixed assets in Japan accounted for more than 90% of tangible fixed assets on the consolidated balance sheets of MHFG.

 

2.	Information about Major Customers

Information about major customers is not disclosed since there are no outside customers accounted for more than 10% of Ordinary Income of MHFG.

[Information about Impairment Losses on Tangible Fixed Assets by Reportable Segment]

For the six months ended September 30, 2013

 

		(Millions of yen)
		MHBK (Consolidated)																																								MHTB (Consolidated)				MHSC (Consolidated)				Others				MHFG (Consolidated)
		MHBK (Non-consolidated)																																Others
		Personal Banking				Retail Banking				Corporate Banking (Large Corporations)				Corporate Banking				Financial Institutions & Public Sector Business				International Banking				Trading and others
Impairment Losses on Tangible Fixed Assets			—				—				—				—				—				—				557				557				—				557				319				148				—				1,025
[Information about Amortization and Unamortized Balance of Goodwill by Reportable Segment]
For the six months ended September 30, 2013
		(Millions of yen)
		MHBK (Consolidated)																																								MHTB (Consolidated)				MHSC (Consolidated)				Others				MHFG (Consolidated)
		MHBK (Non-consolidated)																																Others
		Personal Banking				Retail Banking				Corporate Banking (Large Corporations)				Corporate Banking				Financial Institutions & Public Sector Business				International Banking				Trading and others
Amortization of Goodwill during this interim period			—				—				—				—				—				—				—				—				197				197				—				—				1,530				1,727
Balance as of the end of this interim period			—				—				—				—				—				—				—				—				11,100				11,100				—				—				52,432				63,533
[Information about Gain on Negative Goodwill Incurred by Reportable Segment]
For the six months ended September 30, 2013

There is no applicable information.