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 July 2016

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  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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For Immediate Release:		July 29, 2016

 

		Consolidated Financial Statements for the First Quarter of Fiscal 2016 <Under Japanese GAAP>

 

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

 

Stock Code Number (Japan):		8411
Stock Exchange (Japan):		Tokyo Stock Exchange (First Section)
URL:		http://www.mizuho-fg.co.jp/english/
Representative:		Yasuhiro Sato		President & CEO
For Inquiry:		Masahiro Kosugi		General Manager of Accounting		Phone:		+81-3-6838-6101
Filing of Shihanki Hokokusho (scheduled):				August 12, 2016		Trading Accounts:		Established
Commencement of Dividend Payment (scheduled):				—
Supplementary Materials on Quarterly Results:				Attached
IR Conference on Quarterly Results:				Not scheduled

Amounts less than one million yen are rounded down.

1. Financial Highlights for the First Quarter of Fiscal 2016 (for the three months ended June 30, 2016)

(1) Consolidated Results of Operations

 

(%: Changes from the corresponding period of the previous fiscal year)
		Ordinary Income								Ordinary Profits								Profit Attributable to Owners of Parent
		¥ million				%				¥ million				%				¥ million				%
1Q F2016			780,350				(2.0	)			192,153				(27.2	)			132,639				(16.0	)
1Q F2015			796,953				13.0				264,069				14.7				158,017				2.1

 

Note:		Comprehensive Income: 1Q F2016: ¥50,747 million, (72.5)%; 1Q F2015: ¥184,795 million, (51.2)%

 

		Net Income per Share of Common Stock				Diluted Net Income per Share of Common Stock
		¥				¥
1Q F2016			5.29				5.22
1Q F2015			6.41				6.22

(2) Consolidated Financial Conditions

 

		Total Assets				Total Net Assets				Own Capital Ratio
		¥ million				¥ million				%
1Q F2016			197,715,575				8,833,224				4.1
Fiscal 2015			193,458,580				9,353,244				4.2

 

Reference:		Own Capital: As of June 30, 2016: ¥8,115,342 million; As of March 31, 2016: ¥8,167,813 million

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

2. Cash Dividends for Shareholders of Common Stock

 

		Annual Cash Dividends per Share
		First Quarter-end				Second Quarter-end				Third Quarter-end				Fiscal Year-end				Total
		¥				¥				¥				¥				¥
Fiscal 2015			—				3.75				—				3.75				7.50
Fiscal 2016			—
Fiscal 2016 (estimate)							3.75				—				3.75				7.50

 

Notes:		1.		Revision of the latest announced estimates for cash dividends for shareholders of common stock: No
		2.		Please refer to the following “Cash Dividends for Shareholders of Classified Stock” for cash dividends for shareholders of classified stock (unlisted), the rights of which are different from those of common stock.

3. Consolidated Earnings Estimates for Fiscal 2016 (for the fiscal year ending March 31, 2017)

 

		(%: 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 F2016											—				—				—
Fiscal 2016											600,000				(10.5	)			23.72

 

Notes:		1.		Revision of the latest announced earnings estimates for fiscal 2016: No
		2.		The number of shares of common stock used in the above calculation is based on the weighted average of “the average number of shares during 1Q” and “the number of outstanding shares as of June 30, 2016 that also takes into account the mandatory acquisition of the Eleventh Series Class XI Preferred Stock (conducted on July 1, 2016) (which is assumed to be the average number of shares during the remaining term of fiscal 2016.)”

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* Notes

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

(2) Adoption of Specified Accounting Methods for the Preparation of Quarterly Consolidated Financial Statements: No

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

① Changes in accounting policies due to revisions of accounting standards, etc.: Yes

② Changes in accounting policies other than ① above: No

③ Changes in accounting estimates: No

④ Restatements: No

 

(Note)		For more information, please refer to “(1) Changes in Accounting Policies and Accounting Estimates / Restatements” on page 1-2 of the attachment.

(4) Issued Shares of Common Stock

 

(*Presentation of Implementation Status of Quarterly Review Procedure)

The review procedure of quarterly financial statements based on the Financial Instruments and Exchange Law has not been completed at the time of the disclosure of these Consolidated Financial Statements.

 

 

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

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

We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline in our deferred tax assets; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our Medium-term Business Plan, realize the synergy effects of “One MIZUHO,” and implement other strategic initiatives and measures effectively; the effectiveness of our operational, legal and other risk management policies; the effect of changes in general economic conditions in Japan and elsewhere; and changes to applicable laws and regulations.

Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3.D. Key Information—Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), which is available in the Financial Information section of our web page at www.mizuho-fg.co.jp/english/ and also at the SEC’s web site at www.sec.gov.

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

 

 

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Cash Dividends for Shareholders of Classified Stock

Breakdown of cash dividends per share related to classified stock, the rights of which are different from those of common stock, is as follows:

 

		Annual Cash Dividends per Share
		First Quarter-end				Second Quarter-end				Third Quarter-end				Fiscal Year-end				Total
		¥				¥				¥				¥				¥
Eleventh Series Class XI Preferred Stock
Fiscal 2015			—				10.00				—				10.00				20.00
Fiscal 2016			—

 

Note:		Mizuho Financial Group Inc. (“MHFG”) acquired all of the Eleventh Series Class XI Preferred Stock as of July 1, 2016 that had not been requested for acquisition by June 30, 2016 and cancelled all of the Eleventh Series Class XI Preferred Stock held by MHFG on July 13, 2016. Accordingly, cash dividend payments related to the Eleventh Series Class XI Preferred Stock will not be made in fiscal 2016.

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Mizuho Financial Group, Inc.

 

m Contents of Attachment

 

1.		Matters Related to Summary Information (Notes)		p.1-2
		(1) Changes in Accounting Policies and Accounting Estimates / Restatements		p.1-2
2.		Quarterly Consolidated Financial Statements		p.1-3
		(1) Consolidated Balance Sheets		p.1-3
		(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income		p.1-5
		(3) Note for Assumption of Going Concern		p.1-7
		(4) Note for Significant Changes in the Amount of Shareholders’ Equity		p.1-7
		ø SELECTED FINANCIAL INFORMATION For the First Quarter of Fiscal 2016

[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.

 

1-1

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Mizuho Financial Group, Inc.

 

1. Matters Related to Summary Information (Notes)

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

(Changes in Accounting Policies)

(Application of “Revised Implementation Guidance on Recoverability of Deferred Tax Assets”)

MHFG has applied “Revised Implementation Guidance on Recoverability of Deferred Tax Assets” (ASBJ Guidance No.26, March 28, 2016) (hereinafter, the “Recoverability Implementation Guidance”) from the first quarter ended June 30, 2016 and partially revised the accounting method of recoverability of deferred tax assets.

The Recoverability Implementation Guidance has been applied in accordance with the transitional treatment set forth in Article 49(4) of the Recoverability Implementation Guidance. The differences between (i) the amounts of Deferred Tax Assets and Deferred Tax Liabilities when provisions applicable from ① to ③ of Article 49(3) of the Recoverability Implementation Guidance were applied as of April 1, 2016, and (ii) the amounts of Deferred Tax Assets and Deferred Tax Liabilities at the end of the fiscal year ended March 31, 2016, were added to Retained Earnings as of April 1, 2016.

As a result, Deferred Tax Assets (before offset) and Retained Earnings each increased by ¥1,426 million as of April 1, 2016.

 

1-2

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Mizuho Financial Group, Inc.

 

2. Quarterly Consolidated Financial Statements

(1) Consolidated Balance Sheets

 

		Millions of yen
		As of March 31, 2016				As of June 30, 2016
Assets
Cash and Due from Banks		¥	36,315,471			¥	44,078,085
Call Loans and Bills Purchased			893,545				1,076,222
Receivables under Resale Agreements			7,805,798				8,438,297
Guarantee Deposits Paid under Securities Borrowing Transactions			3,407,390				3,308,129
Other Debt Purchased			2,979,797				2,752,309
Trading Assets			13,004,522				15,432,999
Money Held in Trust			175,638				188,282
Securities			39,505,971				33,571,599
Loans and Bills Discounted			73,708,884				72,217,324
Foreign Exchange Assets			1,447,743				1,404,523
Derivatives other than for Trading Assets			3,157,752				3,937,514
Other Assets			4,144,131				4,411,447
Tangible Fixed Assets			1,085,791				1,075,492
Intangible Fixed Assets			804,567				838,559
Net Defined Benefit Asset			646,428				659,407
Deferred Tax Assets			36,517				46,959
Customers’ Liabilities for Acceptances and Guarantees			4,798,158				4,728,689
Reserves for Possible Losses on Loans			(459,531	)			(450,266	)
Total Assets		¥	193,458,580			¥	197,715,575

 

1-3

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Mizuho Financial Group, Inc.

 

		Millions of yen
		As of March 31, 2016				As of June 30, 2016
Liabilities
Deposits		¥	105,629,071			¥	109,299,551
Negotiable Certificates of Deposit			11,827,533				10,807,579
Call Money and Bills Sold			2,521,008				3,163,841
Payables under Repurchase Agreements			16,833,346				17,553,415
Guarantee Deposits Received under Securities Lending Transactions			2,608,971				2,215,458
Commercial Paper			1,010,139				877,464
Trading Liabilities			10,276,133				12,019,249
Borrowed Money			7,503,543				7,410,627
Foreign Exchange Liabilities			492,473				464,012
Short-term Bonds			648,381				456,065
Bonds and Notes			6,120,928				6,378,673
Due to Trust Accounts			5,067,490				4,327,342
Derivatives other than for Trading Liabilities			2,571,597				2,951,875
Other Liabilities			5,532,596				5,633,181
Reserve for Bonus Payments			62,171				16,585
Reserve for Variable Compensation			2,836				3,585
Net Defined Benefit Liability			51,514				52,093
Reserve for Director and Corporate Auditor Retirement Benefits			1,685				1,490
Reserve for Possible Losses on Sales of Loans			267				736
Reserve for Contingencies			5,271				5,449
Reserve for Reimbursement of Deposits			16,154				14,697
Reserve for Reimbursement of Debentures			39,245				37,678
Reserves under Special Laws			2,024				2,090
Deferred Tax Liabilities			414,799				393,512
Deferred Tax Liabilities for Revaluation Reserve for Land			67,991				67,403
Acceptances and Guarantees			4,798,158				4,728,689
Total Liabilities		¥	184,105,335			¥	188,882,351
Net Assets
Common Stock and Preferred Stock		¥	2,255,790			¥	2,256,275
Capital Surplus			1,110,164				1,110,532
Retained Earnings			3,197,616				3,238,184
Treasury Stock			(3,609	)			(3,834	)
Total Shareholders’ Equity			6,559,962				6,601,157
Net Unrealized Gains (Losses) on Other Securities			1,296,039				1,167,760
Deferred Gains or Losses on Hedges			165,264				207,629
Revaluation Reserve for Land			148,483				147,148
Foreign Currency Translation Adjustments			(53,689	)			(66,758	)
Remeasurements of Defined Benefit Plans			51,752				58,404
Total Accumulated Other Comprehensive Income			1,607,851				1,514,184
Stock Acquisition Rights			2,762				1,799
Non-Controlling Interests			1,182,668				716,082
Total Net Assets			9,353,244				8,833,224
Total Liabilities and Net Assets		¥	193,458,580			¥	197,715,575

 

1-4

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Mizuho Financial Group, Inc.

 

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

[Consolidated Statements of Income]

 

		Millions of yen
		For the three months ended June 30, 2015				For the three months ended June 30, 2016
Ordinary Income		¥	796,953			¥	780,350
Interest Income			352,996				334,632
Interest on Loans and Bills Discounted			233,262				225,147
Interest and Dividends on Securities			69,628				55,453
Fiduciary Income			11,425				10,394
Fee and Commission Income			175,692				169,821
Trading Income			51,042				112,084
Other Operating Income			121,710				111,457
Other Ordinary Income			84,085				41,960
Ordinary Expenses			532,883				588,197
Interest Expenses			97,020				118,956
Interest on Deposits			37,617				46,971
Fee and Commission Expenses			39,392				37,863
Trading Expenses			1,712				120
Other Operating Expenses			37,108				30,551
General and Administrative Expenses			331,319				350,354
Other Ordinary Expenses			26,330				50,350
Ordinary Profits			264,069				192,153
Extraordinary Gains			5,328				1,410
Extraordinary Losses			1,724				881
Income before Income Taxes			267,673				192,683
Income Taxes:
Current			67,098				56,373
Deferred			20,202				(9,885	)
Total Income Taxes			87,300				46,488
Profit			180,372				146,194
Profit Attributable to Non-controlling Interests			22,355				13,555
Profit Attributable to Owners of Parent		¥	158,017			¥	132,639

 

1-5

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Mizuho Financial Group, Inc.

 

[Consolidated Statements of Comprehensive Income]

 

		Millions of yen
		For the three months ended June 30, 2015				For the three months ended June 30, 2016
Profit		¥	180,372			¥	146,194
Other Comprehensive Income			4,422				(95,447	)
Net Unrealized Gains (Losses) on Other Securities			37,876				(130,342	)
Deferred Gains or Losses on Hedges			(29,728	)			42,390
Revaluation Reserve for Land			(4	)			(4	)
Foreign Currency Translation Adjustments			(4,881	)			(9,461	)
Remeasurements of Defined Benefit Plans			(565	)			6,710
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method			1,725				(4,739	)
Comprehensive Income			184,795				50,747
(Breakdown)
Comprehensive Income Attributable to Owners of Parent			160,422				40,302
Comprehensive Income Attributable to Non-controlling Interests			24,372				10,444

 

1-6

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Mizuho Financial Group, Inc.

 

(3) Note for Assumption of Going Concern

There is no applicable information.

(4) Note for Significant Changes in the Amount of Shareholders’ Equity

There is no applicable information.

 

1-7

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SELECTED FINANCIAL INFORMATION

For the First Quarter of Fiscal 2016

<Under Japanese GAAP>

 

 

 

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C O N T E N T S

 

 

Notes:

“CON”: Consolidated figures for Mizuho Financial Group, Inc. (“MHFG”)

“NON”: Non-consolidated figures for Mizuho Bank, Ltd. (“MHBK”) and Mizuho Trust & Banking Co., Ltd. (“MHTB”)

 

 

 

FINANCIAL INFORMATION FOR THE FIRST QUARTER OF FISCAL 2016		See above Notes				Page
1. Income Analysis		CON		NON			2- 1
2. Net Gains/Losses on Stocks		CON		NON			2- 3
3. Unrealized Gains/Losses on Securities		CON		NON			2- 4
4. Deferred Hedge Gains/Losses on Derivative Transactions Qualifying for Hedge Accounting		NON					2- 6
5. Status of Disclosed Claims under the Financial Reconstruction Act (“FRA”)		CON		NON			2- 7
6. Status of Deposits and Loans		NON					2- 9

 

Attachments		Page
Mizuho Bank, Ltd.
Comparison of Non-Consolidated Balance Sheets (selected items)			2- 10
Comparison of Non-Consolidated Statements of Income (selected items)			2- 11
Mizuho Trust & Banking Co., Ltd.
Comparison of Non-Consolidated Balance Sheets (selected items)			2- 12
Comparison of Non-Consolidated Statements of Income (selected items)			2- 13
Mizuho Securities Co., Ltd.
Comparison of Non-Consolidated Balance Sheets (selected items)			2- 14
Comparison of Non-Consolidated Statements of Income (selected items)			2- 15

 

 

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

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

We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline in our deferred tax assets; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our Medium-term Business Plan, realize the synergy effects of “One MIZUHO,” and implement other strategic initiatives and measures effectively; the effectiveness of our operational, legal and other risk management policies; the effect of changes in general economic conditions in Japan and elsewhere; and changes to applicable laws and regulations.

Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3.D. Key Information—Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), which is available in the Financial Information section of our web page at www.mizuho-fg.co.jp/english/ and also at the SEC’s web site at www.sec.gov.

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

 

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Mizuho Financial Group, Inc.

 

FINANCIAL INFORMATION FOR THE FIRST QUARTER OF FISCAL 2016

1. Income Analysis

Consolidated

 

						(Billions of yen)
						First Quarter of Fiscal 2016								First Quarter of Fiscal 2015
										Change
Consolidated Gross Profits			1				550.8				13.2				537.6
Net Interest Income			2				215.6				(40.3	)			255.9
Fiduciary Income			3				10.3				(1.0	)			11.4
Credit Costs for Trust Accounts			4				—				—				—
Net Fee and Commission Income			5				131.9				(4.3	)			136.2
Net Trading Income			6				111.9				62.6				49.3
Net Other Operating Income			7				80.9				(3.6	)			84.6
General and Administrative Expenses			8				(350.3	)			(19.0	)			(331.3	)
Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans)			9				(2.9	)			4.6				(7.5	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others			10				8.2				(4.3	)			12.5
Net Gains (Losses) related to Stocks			11				13.6				(48.2	)			61.9
Equity in Income from Investments in Affiliates			12				2.6				1.5				1.0
Other			13				(29.9	)			(19.6	)			(10.2	)
Ordinary Profits			14				192.1				(71.9	)			264.0
Net Extraordinary Gains (Losses)			15				0.5				(3.0	)			3.6
Income before Income Taxes			16				192.6				(74.9	)			267.6
Income Taxes			17				(46.4	)			40.8				(87.3	)
Profit			18				146.1				(34.1	)			180.3
Profit Attributable to Non-controlling Interests			19				(13.5	)			8.7				(22.3	)
Profit Attributable to Owners of Parent			20				132.6				(25.3	)			158.0
Credit-related Costs (including Credit Costs for Trust Accounts)			21				5.3				0.2				5.0
* Credit-related Costs [21]  =     Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans) [9] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [10] + Credit Costs for Trust Accounts [4]
(Reference)
Consolidated Net Business Profits			22				203.0				15.0				188.0
* Consolidated Net Business Profits [22] =     Consolidated Gross Profits [1] – General and Administrative Expenses (excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments
Number of consolidated subsidiaries			23				142				(6	)			148
Number of affiliates under the equity method			24				22				(1	)			23

 

2-1

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Mizuho Financial Group, Inc.

 

Non-Consolidated

Aggregate Figures for the 2 Banks

 

						(Billions of yen)
						First Quarter of Fiscal 2016																First Quarter of Fiscal 2015
						MHBK				MHTB				Aggregate Figures				Change
Gross Profits			1				364.2				29.1				393.4				5.5				387.8
Net Interest Income			2				175.2				6.9				182.2				(37.9	)			220.2
Fiduciary Income			3								10.1				10.1				(1.3	)			11.5
Trust Fees for Jointly Operated Designated Money Trust			4								—				—				—				—
Credit Costs for Trust Accounts			5								—				—				—				—
Net Fee and Commission Income			6				85.8				5.2				91.0				3.0				88.0
Net Trading Income			7				50.1				0.0				50.1				52.7				(2.5	)
Net Other Operating Income			8				53.1				6.7				59.8				(10.8	)			70.6
General and Administrative Expenses (excluding Non-Recurring Losses)			9				(211.4	)			(20.4	)			(231.8	)			0.3				(232.1	)
Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) *			10				152.8				8.7				161.6				5.9				155.6
Reversal of (Provision for) General Reserve for Losses on Loans			11				7.1				—				7.1				7.1				—
Net Business Profits			12				160.0				8.7				168.8				13.1				155.6
Net Gains (Losses) related to Bonds			13				74.6				6.6				81.3				31.4				49.9
Net Non-Recurring Gains (Losses)			14				(28.4	)			3.1				(25.3	)			(68.0	)			42.7
Net Gains (Losses) related to Stocks			15				8.5				4.9				13.5				(39.7	)			53.3
Expenses related to Portfolio Problems			16				(8.9	)			(0.0	)			(8.9	)			(2.6	)			(6.3	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others			17				7.2				0.0				7.3				0.0				7.3
Other			18				(35.3	)			(1.9	)			(37.2	)			(25.6	)			(11.6	)
Ordinary Profits			19				131.6				11.8				143.5				(54.8	)			198.4
Net Extraordinary Gains (Losses)			20				0.7				(0.0	)			0.7				(3.1	)			3.8
Income before Income Taxes			21				132.3				11.8				144.2				(58.0	)			202.3
Income Taxes			22				(36.9	)			(3.7	)			(40.6	)			34.1				(74.8	)
Net Income			23				95.4				8.1				103.5				(23.9	)			127.4
* Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of “Credit Costs for Trust Accounts” [5].
Credit-related Costs			24				5.4				0.0				5.5				4.5				0.9
* Credit-related Costs [24] =    Expenses related to Portfolio Problems [16] + Reversal of (Provision for) General Reserve for Losses on Loans [11] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [17] + Credit Costs for Trust Accounts [5]
(Reference) Breakdown of Credit-related Costs
Credit Costs for Trust Accounts			25								—				—				—				—
Reversal of (Provision for) General Reserve for Losses on Loans			26				7.1				0.0				7.2				2.5				4.6
Losses on Write-offs of Loans			27				3.3				(0.0	)			3.3				6.5				(3.2	)
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans			28				(4.6	)			0.0				(4.5	)			(2.9	)			(1.6	)
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries			29				0.0				0.0				0.0				(0.6	)			0.6
Reversal of (Provision for) Reserve for Contingencies			30				(0.1	)			—				(0.1	)			(0.8	)			0.7
Other (including Losses on Sales of Loans)			31				(0.2	)			—				(0.2	)			(0.1	)			(0.1	)
Total			32				5.4				0.0				5.5				4.5				0.9

 

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Mizuho Financial Group, Inc.

 

2. Net Gains/Losses on Stocks

Consolidated

 

		(Billions of yen)
		First Quarter of Fiscal 2016				Change				First Quarter of Fiscal 2015
Net Gains (Losses) related to Stocks			13.6				(48.2	)			61.9
Gains on Sales			25.4				(39.0	)			64.4
Losses on Sales			(3.8	)			(1.4	)			(2.3	)
Impairment (Devaluation)			(5.5	)			(5.5	)			(0.0	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			—				—				—
Gains (Losses) on Derivatives other than for Trading			(2.4	)			(2.2	)			(0.1	)

Non-Consolidated

Aggregate Figures for the 2 Banks

 

		First Quarter of Fiscal 2016				Change				First Quarter of Fiscal 2015
Net Gains (Losses) related to Stocks			13.5				(39.7	)			53.3
Gains on Sales			23.5				(31.8	)			55.4
Losses on Sales			(3.3	)			(1.3	)			(1.9	)
Impairment (Devaluation)			(4.2	)			(4.2	)			(0.0	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			—				—				—
Gains (Losses) on Derivatives other than for Trading			(2.4	)			(2.2	)			(0.1	)
Mizuho Bank
		First Quarter of Fiscal 2016				Change				First Quarter of Fiscal 2015
Net Gains (Losses) related to Stocks			8.5				(42.8	)			51.4
Gains on Sales			18.5				(34.8	)			53.3
Losses on Sales			(3.2	)			(1.3	)			(1.9	)
Impairment (Devaluation)			(4.2	)			(4.2	)			(0.0	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			—				—				—
Gains (Losses) on Derivatives other than for Trading			(2.3	)			(2.3	)			0.0
Mizuho Trust & Banking
		First Quarter of Fiscal 2016				Change				First Quarter of Fiscal 2015
Net Gains (Losses) related to Stocks			4.9				3.0				1.9
Gains on Sales			5.0				2.9				2.0
Losses on Sales			(0.0	)			(0.0	)			(0.0	)
Impairment (Devaluation)			(0.0	)			(0.0	)			(0.0	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			—				—				—
Gains (Losses) on Derivatives other than for Trading			(0.0	)			0.0				(0.1	)

 

2-3

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Mizuho Financial Group, Inc.

 

3. Unrealized Gains/Losses on Securities

 

•

Securities for which it is deemed to be extremely difficult to determine the fair value are excluded.

Consolidated

(1) Other Securities

 

		(Billions of yen)
		As of June 30, 2016																As of March 31, 2016
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses
MHFG (Consolidated)
Other Securities			29,020.1				1,692.5				1,906.8				214.2				34,675.6				1,881.8				2,059.6				177.7
Japanese Stocks			3,252.9				1,419.9				1,518.6				98.6				3,457.6				1,610.4				1,681.9				71.5
Japanese Bonds			13,707.5				129.4				141.1				11.7				18,874.4				136.5				148.0				11.5
Japanese Government Bonds			10,584.1				81.7				81.9				0.2				15,765.8				95.8				96.2				0.4
Other			12,059.7				143.1				246.9				103.8				12,343.5				134.9				229.6				94.7
Foreign Bonds			9,406.8				83.1				99.6				16.5				9,719.5				41.0				67.9				26.8

 

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

*	Fair value of Japanese stocks with a quoted market price is determined based on the average quoted market price over the month preceding the consolidated balance sheet date.

Fair value of securities other than Japanese stocks is determined at the quoted market price if available, or other reasonable value at the consolidated balance sheet date.

*	Unrealized Gains/Losses include ¥11.6 billion and ¥26.7 billion, which were recognized in the statement of income for June 30, 2016 and March 31, 2016 respectively, by applying the fair-value hedge method.

(2) Bonds Held to Maturity

 

		(Billions of yen)
		As of June 30, 2016																As of March 31, 2016
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses
MHFG (Consolidated)			4,500.4				64.9				68.1				3.2				4,817.5				55.6				61.0				5.3

Non-Consolidated

Aggregate Figures for the 2 Banks

(1) Other Securities

 

		(Billions of yen)
		As of June 30, 2016																As of March 31, 2016
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses
MHBK
Other Securities			26,266.6				1,405.3				1,614.3				209.0				32,065.2				1,561.4				1,736.5				175.0
Japanese Stocks			2,963.8				1,255.9				1,356.5				100.5				3,148.2				1,426.4				1,500.9				74.4
Japanese Bonds			12,511.1				126.4				137.9				11.4				17,916.9				134.1				145.3				11.1
Japanese Government Bonds			9,697.8				79.2				79.5				0.2				15,150.8				93.5				94.0				0.4
Other			10,791.6				22.8				119.9				97.0				10,999.9				0.8				90.3				89.4
Foreign Bonds			8,737.2				73.6				90.0				16.4				9,000.9				32.6				59.2				26.5
MHTB
Other Securities			1,654.4				108.7				119.7				10.9				1,443.5				121.6				129.5				7.8
Japanese Stocks			218.2				99.6				104.3				4.6				231.4				112.5				115.3				2.7
Japanese Bonds			950.4				2.7				2.9				0.2				655.0				2.2				2.5				0.2
Japanese Government Bonds			886.0				2.4				2.4				0.0				573.9				2.2				2.2				0.0
Other			485.7				6.4				12.3				5.9				557.1				6.9				11.6				4.7
Foreign Bonds			364.1				7.0				7.0				—				440.2				5.6				5.8				0.1
Total
Other Securities			27,921.0				1,514.1				1,734.0				219.9				33,508.8				1,683.1				1,866.0				182.9
Japanese Stocks			3,182.1				1,355.6				1,460.8				105.2				3,379.6				1,538.9				1,616.2				77.2
Japanese Bonds			13,461.6				129.2				140.9				11.7				18,572.0				136.3				147.8				11.4
Japanese Government Bonds			10,583.8				81.6				81.9				0.2				15,724.8				95.8				96.2				0.4
Other			11,277.3				29.2				132.3				103.0				11,557.1				7.8				101.9				94.1
Foreign Bonds			9,101.4				80.6				97.1				16.4				9,441.1				38.2				65.0				26.7

 

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

*	Fair value of Japanese stocks with a quoted market price is determined based on the average quoted market price over the month preceding the balance sheet date.

Fair value of securities other than Japanese stocks is determined at the quoted market price if available, or other reasonable value at the balance sheet date.

*	Unrealized Gains/Losses include ¥11.6 billion and ¥26.7 billion, which were recognized in the statement of income for June 30, 2016 and March 31, 2016 respectively, by applying the fair-value hedge method.

 

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Mizuho Financial Group, Inc.

 

(2) Bonds Held to Maturity

 

		(Billions of yen)
		As of June 30, 2016																As of March 31, 2016
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses
MHBK			4,500.4				64.9				68.1				3.2				4,817.5				55.6				61.0				5.3
MHTB			—				—				—				—				—				—				—				—
Total			4,500.4				64.9				68.1				3.2				4,817.5				55.6				61.0				5.3
(3) Investments in Subsidiaries and Affiliates
		(Billions of yen)
		As of June 30, 2016																As of March 31, 2016
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses
MHBK			108.6				151.9				155.0				3.0				108.6				162.0				164.1				2.0
MHTB			—				—				—				—				—				—				—				—
Total			108.6				151.9				155.0				3.0				108.6				162.0				164.1				2.0

(Reference)

Unrealized Gains/Losses on Other Securities

(the base amount to be recorded directly to Net Assets after tax and other necessary adjustments)

For certain Other Securities, Unrealized Gains/Losses were recognized in the statement of income by applying the fair-value hedge method. Unrealized Gains/Losses on Other Securities after excluding such Income/Loss (the “base amount”) are recorded directly to Net Assets after tax and other necessary adjustments. The base amount is as follows:

Consolidated

 

		(Billions of yen)
		As of June 30, 2016								As of March 31, 2016
		Unrealized Gains/Losses								Unrealized Gains/Losses
						Change
Other Securities			1,680.9				(174.2	)			1,855.1
Japanese Stocks			1,426.1				(177.7	)			1,603.9
Japanese Bonds			129.4				(7.0	)			136.5
Japanese Government Bonds			81.7				(14.1	)			95.8
Other			125.3				10.5				114.7
Foreign Bonds			65.3				44.4				20.8
Non-Consolidated   Aggregate Figures for the 2 Banks
		(Billions of yen)
		As of June 30, 2016								As of March 31, 2016
		Unrealized Gains/Losses								Unrealized Gains/Losses
						Change
Other Securities			1,502.4				(153.9	)			1,656.4
Japanese Stocks			1,361.8				(170.6	)			1,532.4
Japanese Bonds			129.2				(7.1	)			136.3
Japanese Government Bonds			81.6				(14.1	)			95.8
Other			11.4				23.8				(12.3	)
Foreign Bonds			62.8				44.7				18.1

 

2-5

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Mizuho Financial Group, Inc.

 

 

4. Deferred Hedge Gains/Losses on Derivative Transactions Qualifying for Hedge Accounting

Non-Consolidated

Aggregate Figures for the 2 Banks

 

		(Billions of yen)
		As of June 30, 2016												As of March 31, 2016
		Deferred Hedge Gains/Losses												Deferred Hedge Gains/Losses
		Gains				Losses								Gains				Losses
MHBK			1,009.1				649.5				359.6				871.4				626.9				244.4
MHTB			112.9				107.9				4.9				99.8				99.1				0.7
Total			1,122.0				757.4				364.6				971.2				726.1				245.1

 

Note: Above figures reflect all derivative transactions qualifying for hedge accounting, and are before net of applicable income taxes.

 

2-6

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Mizuho Financial Group, Inc.

 

5. Status of Disclosed Claims under the Financial Reconstruction Act (“FRA”)

Consolidated

 

		(Billions of yen)
		As of June 30, 2016								As of March 31, 2016
Consolidated						Change
Claims against Bankrupt and Substantially Bankrupt Obligors			83.0				(0.1	)			83.1
Claims with Collection Risk			358.0				(3.2	)			361.2
Claims for Special Attention			463.5				(0.5	)			464.0
Total			904.6				(3.8	)			908.4
Trust Account
Claims against Bankrupt and Substantially Bankrupt Obligors			—				—				—
Claims with Collection Risk			2.8				—				2.8
Claims for Special Attention			—				—				—
Total			2.8				—				2.8
Total (Consolidated + Trust Account)
Claims against Bankrupt and Substantially Bankrupt Obligors			83.0				(0.1	)			83.1
Claims with Collection Risk			360.9				(3.2	)			364.1
Claims for Special Attention			463.5				(0.5	)			464.0
Total			907.4				(3.8	)			911.3

 

Note: Trust Account denotes trust accounts with contracts indemnifying the principal amounts.

 

2-7

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Mizuho Financial Group, Inc.

 

Non-Consolidated

Aggregate Figures for the 2 Banks

 

		(Billions of yen, %)
Total (Banking Account + Trust Account)		As of June 30, 2016								As of March 31, 2016
						Change
Claims against Bankrupt and Substantially Bankrupt Obligors			69.6				1.6				68.0
Claims with Collection Risk			352.5				(1.1)				353.6
Claims for Special Attention			399.8				1.4				398.4
Sub-total [1]			822.0				1.9				820.1
NPL ratio [1]/[2]			1.03	%			0.02	%			1.00	%
Normal Claims			78,853.8				(2,155.2)				81,009.0
Total [2]			79,675.9				(2,153.2)				81,829.2
MHBK
Claims against Bankrupt and Substantially Bankrupt Obligors			68.4				1.4				67.0
Claims with Collection Risk			345.0				(0.8)				345.9
Claims for Special Attention			393.2				1.3				391.9
Sub-total [3]			806.8				1.8				804.9
NPL ratio [3]/[4]			1.06	%			0.03	%			1.02	%
Normal Claims			75,297.5				(2,170.0)				77,467.6
Total [4]			76,104.4				(2,168.1)				78,272.5
MHTB
Banking Account
Claims against Bankrupt and Substantially Bankrupt Obligors			1.2				0.1				1.0
Claims with Collection Risk			4.5				(0.2)				4.8
Claims for Special Attention			6.6				0.1				6.4
Sub-total [5]			12.3				0.0				12.2
NPL ratio [5]/[6]			0.34	%			0.00	%			0.34	%
Normal Claims			3,545.5				15.0				3,530.5
Total [6]			3,557.9				15.1				3,542.7
Trust Account
Claims against Bankrupt and Substantially Bankrupt Obligors			—				—				—
Claims with Collection Risk			2.8				—				2.8
Claims for Special Attention			—				—				—
Sub-total [7]			2.8				—				2.8
NPL ratio [7]/[8]			21.27	%			0.43	%			20.84	%
Normal Claims			10.6				(0.2)				10.9
Total [8]			13.5				(0.2)				13.8

 

Notes:

1. Trust Account denotes trust accounts with contracts indemnifying the principal amounts.

2. NPL: Non-Performing Loans

 

2-8

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Mizuho Financial Group, Inc.

 

6. Status of Deposits and Loans

Non-Consolidated

(1)-1 Deposits

Aggregate Figures for the 2 Banks

 

		(Billions of yen)
		As of June 30, 2016								As of March 31, 2016
						Change
MHBK			102,151.7				1,954.7				100,197.0
MHTB			3,119.6				63.3				3,056.2
Total			105,271.4				2,018.1				103,253.3
(1)-2 Domestic Deposits
Aggregate Figures for the 2 Banks
		(Billions of yen)
		As of June 30, 2016								As of March 31, 2016
						Change
MHBK			85,012.7				(16.2	)			85,028.9
Individual deposits			39,736.3				572.4				39,163.9
MHTB			3,106.2				63.8				3,042.4
Individual deposits			1,062.5				(14.7	)			1,077.3
Total			88,119.0				47.6				88,071.3
Individual deposits			40,798.8				557.6				40,241.2
Note: Above figures do not include deposits booked at overseas offices and offshore deposits.
(2) Loans and Bills Discounted
Aggregate Figures for the 2 Banks
		(Billions of yen)
		As of June 30, 2016								As of March 31, 2016
						Change
MHBK			68,311.4				(2,062.9	)			70,374.3
MHTB			3,515.2				18.8				3,496.3
Total			71,826.6				(2,044.0	)			73,870.7

 

Note: Loans to MHFG are included as follows:

As of June 30, 2016:    ¥501.4 billion (from MHBK)

As of March 31, 2016: ¥686.3 billion (from MHBK)

(3) Interest Margins (Domestic Operations)

Mizuho Bank

 

				(%)
				First Quarter of Fiscal 2016 (For the three months)		Change		First Quarter of Fiscal 2015 (For the three months)
Return on Loans and Bills Discounted		1		0.92		(0.07)		1.00
Cost of Deposits		2		0.01		(0.02)		0.04
Loan and Deposit Rate Margin [1]-[2]		3		0.91		(0.04)		0.96
Notes:     1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).
2. Deposits include NCDs.
(Reference) After excluding Loans to the Japanese government and others

Return on Loans and Bills Discounted		4		0.97		(0.09)		1.07
Loan and Deposit Rate Margin [4]-[2]		5		0.96		(0.06)		1.03
Mizuho Trust & Banking
				(%)
				First Quarter of Fiscal 2016 (For the three months)		Change		First Quarter of Fiscal 2015 (For the three months)
Return on Loans and Bills Discounted		6		0.69		(0.24)		0.93
Cost of Deposits		7		0.04		(0.03)		0.07
Loan and Deposit Rate Margin [6]-[7]		8		0.64		(0.21)		0.85

Notes:     1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).                 2. Deposits include NCDs.
(Reference) After excluding Loans to the Japanese government and others

Return on Loans and Bills Discounted		9		0.76		(0.16)		0.93
Loan and Deposit Rate Margin [9]-[7]		10		0.72		(0.13)		0.85
(Reference)   Aggregate Figures for the 2 Banks
				(%)
				First Quarter of Fiscal 2016 (For the three months)		Change		First Quarter of Fiscal 2015 (For the three months)
Return on Loans and Bills Discounted		11		0.91		(0.08)		0.99
Cost of Deposits		12		0.01		(0.02)		0.04
Loan and Deposit Rate Margin [11]-[12]		13		0.90		(0.05)		0.95
Notes:     1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).                 2. Deposits include NCDs.
(Reference) After excluding Loans to the Japanese government and others

Return on Loans and Bills Discounted		14		0.96		(0.10)		1.06
Loan and Deposit Rate Margin [14]-[12]		15		0.95		(0.07)		1.02

 

2-9

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Mizuho Bank, Ltd.

 

(Attachments)

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)

OF MIZUHO BANK

 

		Millions of yen
		As of June 30, 2016 (A)				As of March 31, 2016 (B)				Change (A) - (B)
Assets
Cash and Due from Banks		¥	37,346,666			¥	30,156,145			¥	7,190,520
Call Loans			214,589				266,249				(51,660	)
Receivables under Resale Agreements			698,302				368,351				329,950
Other Debt Purchased			630,999				729,842				(98,843	)
Trading Assets			7,704,047				6,421,352				1,282,694
Money Held in Trust			3,181				3,197				(15	)
Securities			31,812,681				37,903,140				(6,090,459	)
Loans and Bills Discounted			68,311,487				70,374,392				(2,062,905	)
Foreign Exchange Assets			1,322,277				1,343,546				(21,269	)
Derivatives other than for Trading			5,943,860				5,008,314				935,545
Other Assets			1,955,572				1,688,087				267,484
Tangible Fixed Assets			828,012				836,484				(8,471	)
Intangible Fixed Assets			664,576				636,583				27,993
Prepaid Pension Cost			471,590				469,034				2,555
Customers’ Liabilities for Acceptances and Guarantees			5,206,499				5,297,202				(90,703	)
Reserves for Possible Losses on Loans			(372,458	)			(379,190	)			6,732
Total Assets		¥	162,741,886			¥	161,122,736			¥	1,619,149
Liabilities
Deposits		¥	102,151,761			¥	100,197,037			¥	1,954,723
Negotiable Certificates of Deposit			10,213,702				11,177,095				(963,393	)
Call Money			1,553,053				1,127,524				425,528
Payables under Repurchase Agreements			7,612,872				7,588,922				23,950
Guarantee Deposits Received under Securities Lending Transactions			823,430				786,431				36,999
Commercial Paper			662,450				777,601				(115,151	)
Trading Liabilities			6,142,614				5,198,295				944,319
Borrowed Money			8,643,646				8,697,522				(53,876	)
Foreign Exchange Liabilities			720,346				682,188				38,157
Bonds and Notes			4,083,122				4,376,773				(293,650	)
Derivatives other than for Trading			4,982,512				4,423,937				558,575
Other Liabilities			2,390,209				2,998,753				(608,544	)
Reserve for Bonus Payments			2,680				20,437				(17,757	)
Reserve for Variable Compensation			1,623				1,300				322
Reserve for Possible Losses on Sales of Loans			736				267				469
Reserve for Contingencies			885				800				84
Reserve for Reimbursement of Deposits			13,584				15,041				(1,456	)
Reserve for Reimbursement of Debentures			37,678				39,245				(1,567	)
Deferred Tax Liabilities			294,654				302,072				(7,417	)
Deferred Tax Liabilities for Revaluation Reserve for Land			67,403				67,991				(587	)
Acceptances and Guarantees			5,206,499				5,297,202				(90,703	)
Total Liabilities			155,605,469				153,776,443				1,829,026
Net Assets
Common Stock and Preferred Stock			1,404,065				1,404,065				—
Capital Surplus			2,286,328				2,286,795				(466	)
Capital Reserve			655,418				655,324				93
Other Capital Surplus			1,630,910				1,631,471				(560	)
Retained Earnings			2,049,757				2,231,469				(181,712	)
Appropriated Reserve			225,810				169,829				55,981
Other Retained Earnings			1,823,946				2,061,640				(237,694	)
Retained Earnings Brought Forward			1,823,946				2,061,640				(237,694	)
Total Shareholders’ Equity			5,740,151				5,922,330				(182,179	)
Net Unrealized Gains (Losses) on Other Securities, net of Taxes			999,959				1,106,333				(106,373	)
Net Deferred Hedge Gains (Losses), net of Taxes			249,156				169,143				80,012
Revaluation Reserve for Land, net of Taxes			147,148				148,483				(1,334	)
Total Valuation and Translation Adjustments			1,396,265				1,423,961				(27,696	)
Total Net Assets			7,136,416				7,346,292				(209,876	)
Total Liabilities and Net Assets		¥	162,741,886			¥	161,122,736			¥	1,619,149

 

2-10

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Mizuho Bank, Ltd.

 

COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME

(selected items) OF MIZUHO BANK

 

		Millions of yen
		For the three months ended June 30, 2016 (A)				For the three months ended June 30, 2015 (B)				Change (A) - (B)
Ordinary Income		¥	549,946			¥	559,785			¥	(9,839	)
Interest Income			279,386				298,372				(18,986	)
Interest on Loans and Bills Discounted			195,565				202,393				(6,828	)
Interest and Dividends on Securities			51,144				63,712				(12,568	)
Fee and Commission Income			110,239				110,714				(474	)
Trading Income			50,366				3,760				46,606
Other Operating Income			81,348				82,980				(1,631	)
Other Ordinary Income			28,604				63,957				(35,352	)
Ordinary Expenses			418,306				375,546				42,759
Interest Expenses			104,134				89,424				14,710
Interest on Deposits			39,500				27,851				11,649
Fee and Commission Expenses			24,435				26,124				(1,688	)
Trading Expenses			262				6,887				(6,625	)
Other Operating Expenses			28,210				16,596				11,614
General and Administrative Expenses			220,393				212,375				8,017
Other Ordinary Expenses			40,870				24,139				16,731
Ordinary Profits			131,639				184,238				(52,599	)
Extraordinary Gains			1,408				4,460				(3,052	)
Extraordinary Losses			665				1,324				(658	)
Income before Income Taxes			132,383				187,375				(54,992	)
Income Taxes:
Current			44,018				57,781				(13,763	)
Deferred			(7,075	)			12,460				(19,535	)
Net Income		¥	95,439			¥	117,132			¥	(21,692	)

 

2-11

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Mizuho Trust Banking Co., Ltd.

 

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)

OF MIZUHO TRUST & BANKING

 

		Millions of yen
		As of June 30, 2016 (A)				As of March 31, 2016 (B)				Change (A) - (B)
Assets
Cash and Due from Banks		¥	1,656,921			¥	1,665,011			¥	(8,089	)
Call Loans			8,953				5,520				3,432
Guarantee Deposits Paid under Securities Borrowing Transactions			217,085				215,970				1,115
Other Debt Purchased			11,698				13,358				(1,660	)
Trading Assets			155,835				127,305				28,530
Money Held in Trust			3,075				2,578				497
Securities			1,704,894				1,492,120				212,774
Loans and Bills Discounted			3,515,205				3,496,313				18,891
Foreign Exchange Assets			2,453				3,675				(1,221	)
Other Assets			147,630				80,648				66,981
Tangible Fixed Assets			24,533				24,632				(99	)
Intangible Fixed Assets			25,407				24,022				1,385
Prepaid Pension Cost			49,579				49,795				(215	)
Customers’ Liabilities for Acceptances and Guarantees			40,132				43,749				(3,617	)
Reserves for Possible Losses on Loans			(5,565	)			(5,636	)			70
Total Assets		¥	7,557,842			¥	7,239,067			¥	318,774
Liabilities
Deposits		¥	3,119,646			¥	3,056,268			¥	63,378
Negotiable Certificates of Deposit			286,350				353,070				(66,720	)
Call Money			1,388,260				1,162,877				225,383
Payables under Repurchase Agreements			61,746				67,602				(5,856	)
Guarantee Deposits Received under Securities Lending Transactions			386,458				420,713				(34,255	)
Trading Liabilities			146,933				121,483				25,450
Borrowed Money			341,161				366,955				(25,794	)
Foreign Exchange Liabilities			—				0				(0	)
Bonds and Notes			10,000				10,000				—
Due to Trust Accounts			1,030,777				1,019,554				11,222
Other Liabilities			212,131				60,074				152,057
Reserve for Bonus Payments			—				1,953				(1,953	)
Reserve for Variable Compensation			504				401				103
Reserve for Reimbursement of Deposits			1,113				1,113				—
Deferred Tax Liabilities			11,182				12,043				(861	)
Acceptances and Guarantees			40,132				43,749				(3,617	)
Total Liabilities			7,036,398				6,697,859				338,538
Net Assets
Common Stock and Preferred Stock			247,369				247,369				—
Capital Surplus			15,505				15,505				—
Capital Reserve			15,505				15,505				—
Retained Earnings			167,719				180,091				(12,371	)
Appropriated Reserve			27,427				23,327				4,099
Other Retained Earnings			140,292				156,763				(16,470	)
Retained Earnings Brought Forward			140,292				156,763				(16,470	)
Total Shareholders’ Equity			430,594				442,965				(12,371	)
Net Unrealized Gains (Losses) on Other Securities, net of Taxes			87,413				97,740				(10,327	)
Net Deferred Hedge Gains (Losses), net of Taxes			3,436				501				2,934
Total Valuation and Translation Adjustments			90,849				98,241				(7,392	)
Total Net Assets			521,444				541,207				(19,763	)
Total Liabilities and Net Assets		¥	7,557,842			¥	7,239,067			¥	318,774

 

2-12

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Mizuho Trust Banking Co., Ltd.

 

COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME

(selected items) OF MIZUHO TRUST & BANKING

 

		Millions of yen
		For the three months ended June 30, 2016 (A)				For the three months ended June 30, 2015 (B)				Change (A) - (B)
Ordinary Income		¥	44,016			¥	50,005			¥	(5,988	)
Fiduciary Income			10,145				11,515				(1,369	)
Interest Income			9,361				13,947				(4,585	)
Interest on Loans and Bills Discounted			6,574				7,232				(658	)
Interest and Dividends on Securities			2,360				6,163				(3,803	)
Fee and Commission Income			11,754				10,192				1,561
Trading Income			75				554				(479	)
Other Operating Income			7,238				10,067				(2,829	)
Other Ordinary Income			5,440				3,727				1,712
Ordinary Expenses			32,132				35,838				(3,705	)
Interest Expenses			2,366				2,661				(294	)
Interest on Deposits			394				518				(123	)
Fee and Commission Expenses			6,536				6,769				(232	)
Trading Expenses			30				—				30
Other Operating Expenses			501				5,756				(5,254	)
General and Administrative Expenses			21,895				19,741				2,154
Other Ordinary Expenses			800				910				(109	)
Ordinary Profits			11,883				14,166				(2,282	)
Extraordinary Gains			—				864				(864	)
Extraordinary Losses			12				104				(91	)
Income before Income Taxes			11,870				14,926				(3,056	)
Income Taxes:
Current			3,325				421				2,904
Deferred			417				4,148				(3,731	)
Net Income		¥	8,128			¥	10,356			¥	(2,228	)

 

2-13

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Mizuho Securities Co., Ltd.

 

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)

OF MIZUHO SECURITIES

 

		Millions of yen
		As of June 30, 2016 (A)				As of March 31, 2016 (B)				Change (A) - (B)
Assets
Current Assets
Cash and Bank Deposits		¥	347,513			¥	283,049			¥	64,463
Cash Segregated as Deposits for Customers and Others			183,960				170,684				13,275
Trading Assets			7,132,075				5,990,021				1,142,054
Receivables - Unsettled Trades			—				27,923				(27,923	)
Operating Investment Securities			19,542				19,010				532
Operating Loans Receivable			2,880				3,100				(220	)
Receivables Related to Margin Transactions			97,799				98,958				(1,159	)
Collateralized Short-Term Financing Agreements-Receivable			4,091,745				3,949,642				142,102
Advances Paid			755				107				647
Securities: Fail to Deliver			21,731				11,937				9,794
Short-Term Loans Receivable			43,470				50,711				(7,241	)
Deferred Tax Assets			5,565				8,735				(3,169	)
Other Current Assets			462,149				404,314				57,834
Less: Allowance for Doubtful Accounts			(12	)			(16	)			3
Noncurrent Assets
Property and Equipment			14,275				14,540				(265	)
Intangible Assets			45,482				42,370				3,111
Investments and Other Assets			305,931				308,153				(2,221	)
Total Assets		¥	12,774,865			¥	11,383,246			¥	1,391,618
Liabilities
Current Liabilities
Trading Liabilities		¥	5,124,854			¥	4,445,062			¥	679,792
Payables - Unsettled Trades			420,857				—				420,857
Payables Related to Margin Transactions			34,391				42,278				(7,886	)
Collateralized Short-Term Financing Agreements-Payable			4,221,597				3,861,722				359,875
Deposits Received			175,516				136,356				39,159
Guarantee Deposits Received			195,464				154,013				41,451
Securities: Fail to Receive			15,183				4,271				10,911
Short-Term Borrowings			570,948				479,403				91,545
Commercial Paper			371,300				513,700				(142,400	)
Bonds and Notes Due within One Year			78,063				55,602				22,461
Lease Obligations			379				377				1
Income Taxes Payable			2,240				4,400				(2,160	)
Accrued Employees’ Bonuses			4,543				13,217				(8,673	)
Provision for Variable Compensation			993				790				203
Provision for Bonus Point Redemption			684				623				60
Other Current Liabilities			23,134				31,422				(8,287	)
Noncurrent Liabilities
Bonds and Notes			527,147				548,766				(21,618	)
Long-Term Borrowings			321,400				409,400				(88,000	)
Lease Obligations			771				857				(86	)
Deferred Tax Liabilities			1,429				—				1,429
Provision for Retirement Benefits			18,432				18,034				397
Other Noncurrent Liabilities			1,491				1,885				(393	)
Statutory Reserves
Reserve for Financial Instruments Transaction Liabilities			2,072				2,005				66
Total Liabilities			12,112,897				10,724,190				1,388,706
Net Assets
Common Stock			125,167				125,167				—
Capital Surplus			381,649				381,649				—
Additional Paid - in Capital			285,831				285,831				—
Other Capital Surplus			95,817				95,817				—
Retained Earnings			145,168				149,594				(4,426	)
Other Retained Earnings			145,168				149,594				(4,426	)
Retained Earnings Brought Forward			145,168				149,594				(4,426	)
Total Shareholders’ Equity			651,984				656,411				(4,426	)
Net Unrealized Gains on (Operating) Investment Securities, net of Tax			16,812				21,626				(4,814	)
Net Deferred Gains or Losses on Hedges, net of Tax			(6,829	)			(18,982	)			12,152
Total Valuation and Translation Adjustments			9,983				2,644				7,338
Total Net Assets			661,968				659,056				2,912
Total Liabilities and Net Assets		¥	12,774,865			¥	11,383,246			¥	1,391,618

 

2-14

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Mizuho Securities Co., Ltd.

 

COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME

(selected items) OF MIZUHO SECURITIES

 

		Millions of yen
		For the three months ended June 30, 2016 (A)				For the three months ended June 30, 2015 (B)				Change (A) - (B)
Operating Revenues		¥	78,985			¥	79,801			¥	(815	)
Commissions			30,463				38,454				(7,990	)
Net Gain on Trading			40,358				34,855				5,503
Net Gain on Operating Investment Securities			(162	)			1,080				(1,242	)
Interest and Dividend Income			8,325				5,411				2,914
Interest Expenses			7,392				5,301				2,091
Net Operating Revenues			71,593				74,500				(2,907	)
Selling, General and Administrative Expenses			55,731				57,488				(1,756	)
Transaction-Related Expenses			11,586				12,748				(1,161	)
Personnel Expenses			20,697				21,816				(1,118	)
Real Estate Expenses			6,315				6,451				(136	)
Administrative Expenses			10,910				11,005				(95	)
Depreciation and Amortization			3,998				3,403				594
Taxes and Dues			1,218				1,073				145
Provision of Allowance for Doubtful Accounts			(61	)			20				(81	)
Other			1,065				967				98
Operating Income			15,861				17,012				(1,150	)
Non-Operating Income			2,983				3,442				(458	)
Non-Operating Expenses			411				209				201
Ordinary Income			18,434				20,245				(1,810	)
Extraordinary Gain			184				320				(136	)
Extraordinary Loss			309				394				(85	)
Income before Income Taxes			18,309				20,171				(1,862	)
Income Taxes:
Current			1,834				992				841
Deferred			2,765				3,862				(1,096	)
Net Income		¥	13,709			¥	15,316			¥	(1,607	)

 

2-15