Edgar Filing: MIZUHO FINANCIAL GROUP INC

Net Unrealized Gains include ¥10,032 million (of loss), which was recognized in the consolidated statement of income by applying the fair-value hedge method and others.

Fair value of Japanese stocks 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.

Certain Other Securities which have readily determinable 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 third quarter (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 third quarter was ¥122,755 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.

Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2012

Commission File Number 001-33098

Mizuho Financial Group, Inc.

(Translation of registrant’s name into English)

5-1, Marunouchi 2-chome

Chiyoda-ku, Tokyo 100-8333

Japan

(Address of principal executive office)

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

Form 20-F x Form 40-F ¨

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

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

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

Yes ¨ No x

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

SIGNATURES

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


Date:		February 14, 2012

Mizuho Financial Group, Inc.

By:		/s/ Takeo Nakano
Name:		Takeo Nakano
Title:		Managing Director / CFO

1. QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS

(1) CONSOLIDATED BALANCE SHEET


	*Millions of yen*
	As of December 31, 2011
Assets
Cash and Due from Banks	¥		7,315,542
Call Loans and Bills Purchased			267,110
Receivables under Resale Agreements			8,085,665
Guarantee Deposits Paid under Securities Borrowing Transactions			5,722,472
Other Debt Purchased			1,580,429
Trading Assets			14,083,298
Money Held in Trust			77,658
Securities		*2	45,571,999
Loans and Bills Discounted		*1	65,194,184
Foreign Exchange Assets			1,076,483
Derivatives other than for Trading Assets			4,827,364
Other Assets			2,759,507
Tangible Fixed Assets			922,124
Intangible Fixed Assets			489,535
Deferred Tax Assets			417,590
Customers’ Liabilities for Acceptances and Guarantees			3,717,733
Reserves for Possible Losses on Loans			(722,228	)
Reserve for Possible Losses on Investments			(15	)

Total Assets			161,386,458

Liabilities
Deposits			76,738,401
Negotiable Certificates of Deposit			12,580,767
Debentures			12,314
Call Money and Bills Sold			5,959,092
Payables under Repurchase Agreements			12,411,956
Guarantee Deposits Received under Securities Lending Transactions			7,244,965
Commercial Paper			353,363
Trading Liabilities			8,106,421
Borrowed Money			12,791,065
Foreign Exchange Liabilities			202,888
Short-term Bonds			619,497
Bonds and Notes			4,806,101
Due to Trust Accounts			1,034,663
Derivatives other than for Trading Liabilities			4,308,200
Other Liabilities			3,820,008
Reserve for Bonus Payments			16,112
Reserve for Employee Retirement Benefits			35,781
Reserve for Director and Corporate Auditor Retirement Benefits			2,157
Reserve for Possible Losses on Sales of Loans			320
Reserve for Contingencies			15,110
Reserve for Reimbursement of Deposits			15,118
Reserve for Reimbursement of Debentures			17,798
Reserves under Special Laws			1,214
Deferred Tax Liabilities			13,460
Deferred Tax Liabilities for Revaluation Reserve for Land			83,639
Acceptances and Guarantees			3,717,733

Total Liabilities			154,908,154

Net Assets
Common Stock and Preferred Stock			2,254,972
Capital Surplus			1,109,780
Retained Earnings			1,190,870
Treasury Stock			(7,130	)

Total Shareholders’ Equity			4,548,493

Net Unrealized Gains (Losses) on Other Securities			(158,971	)
Deferred Gains or Losses on Hedges			84,443
Revaluation Reserve for Land			145,352
Foreign Currency Translation Adjustments			(107,305	)

Total Accumulated Other Comprehensive Income			(36,481	)

Stock Acquisition Rights			2,162
Minority Interests			1,964,129

Total Net Assets			6,478,303

Total Liabilities and Net Assets	¥		161,386,458

(2) CONSOLIDATED STATEMENT OF INCOME AND

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

[CONSOLIDATED STATEMENT OF INCOME]

Millions of yen

For the nine months ended
December 31, 2011

Ordinary Income

1,975,986

Interest Income

1,033,547

Interest on Loans and Bills Discounted

655,732

Interest and Dividends on Securities

241,439

Fiduciary Income

34,318

Fee and Commission Income

399,709

Trading Income

121,296

Other Operating Income

283,286

Other Ordinary Income

103,828

Ordinary Expenses

1,609,094

Interest Expenses

243,917

Interest on Deposits

75,754

Interest on Debentures

372

Fee and Commission Expenses

84,475

Other Operating Expenses

70,140

General and Administrative Expenses

956,090

Other Ordinary Expenses

254,471

Ordinary Profits

366,891

Extraordinary Gains

91,790

Extraordinary Losses

15,658

Income before Income Taxes and Minority Interests

443,022

Income Taxes:

Current

32,561

Deferred

79,528

Total Income Taxes

112,089

Income before Minority Interests

330,932

Minority Interests in Net Income

59,968

Net Income

270,963

[CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME]


	*Millions of yen*
	For the nine months ended December 31, 2011
Income before Minority Interests	¥	330,932
Other Comprehensive Income		(120,597	)
Net Unrealized Gains (Losses) on Other Securities		(143,497	)
Deferred Gains or Losses on Hedges		15,915
Revaluation Reserve for Land		11,877
Foreign Currency Translation Adjustments		(3,844	)
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method		(1,048	)

Comprehensive Income		210,335

Comprehensive Income Attributable to Owners of the Parent		157,808
Comprehensive Income Attributable to Minority Interests		52,527

(CHANGES IN THE SCOPE OF CONSOLIDATION OR IN THE SCOPE OF THE APPLICATION OF THE EQUITY METHOD)

For the nine months ended December 31, 2011

(1) Important changes in the scope of the Application of the Equity Method

From the third quarter, Joint Stock Commercial Bank for Foreign Trade of Vietnam was newly included in the scope of the equity method as an affiliate as a result of acquisition of stocks.

(ADDITIONAL INFORMATION)

For the nine months ended December 31, 2011

(1) Mizuho Financial Group has applied “Accounting Standard for Accounting Changes and Error Corrections” (ASBJ Statement No.24, December 4, 2009) and “Guidance on Accounting Standard for Accounting Changes and Error Corrections” (ASBJ Guidance No.24, December 4, 2009) beginning with the treatment of accounting changes and corrections of prior period errors that are made after the beginning of the first quarter of fiscal 2011.

Based on “Practical Guidelines on Accounting Standards for Financial Instruments” (JICPA Accounting Practice Committee Statement No.14), “Reversal of Reserves for Possible Losses on Loans” and “Recovery on Written-off Claims” have been recorded in “Other Ordinary Income” beginning with the third quarter of fiscal 2011. However, retrospective application was not made for the third quarter of fiscal 2010.

(2) One of our consolidated foreign securities subsidiaries has received requests for information from the US Securities and Exchange Commission concerning the structuring and offering of certain securitization transactions involving sub-prime mortgages. It has been responding to such requests.

(NOTES)

(NOTES TO CONSOLIDATED BALANCE SHEET)

Notes as of December 31, 2011

1.	Loans and Bills Discounted includes the following:


Loans to Bankrupt Obligors:	¥	34,277 million
Non-Accrual Delinquent Loans:	¥	610,428 million
Loans Past Due for Three Months or More:	¥	20,356 million
Restructured Loans:	¥	581,960 million

The above amounts are gross amounts before deduction of amounts for the Reserves for Possible Losses on Loans.

2.	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 ¥966,204 million.

(NOTES TO CONSOLIDATED STATEMENT OF INCOME)

For the nine months ended December 31, 2011

1.	Other Ordinary Income includes gains on sales of stocks of ¥42,354 million and gains on recovery of written-off claims of ¥27,656 million.

2.	Other Ordinary Expenses includes losses on impairment “devaluation” of stocks of ¥116,443 million.

3.	Extraordinary Gains includes gains on negative goodwill of ¥91,180 million incurred as a result of turning the securities subsidiaries into wholly-owned subsidiaries.

4.	Extraordinary Losses includes special retirement payment in the securities subsidiary of ¥10,009 million and losses on disposal of fixed assets of ¥3,541 million.

(NOTES TO CONSOLIDATED STATEMENT OF CASH FLOWS)

We have not prepared Consolidated Statement of Cash Flows for the nine months ended December 31, 2011. Depreciation (including Amortization of intangible fixed assets excluding goodwill) and Amortization of goodwill for the nine months ended December 31, 2011 are as follows:


Depreciation	¥	122,959 million
Amortization of goodwill	¥	1,965 million

(INFORMATION ON SHAREHOLDERS’ EQUITY)

For the nine months ended December 31, 2011

1. Cash dividends distributed by MHFG are as follows:

Resolution

Type

Cash
Dividends
(Millions
of yen)

Cash
Dividends
per Share
(Yen)

Record

Date

Effective Date

Resource of
Dividends

June 21, 2011

Common Stock

130,659

March 31, 2011

June 21, 2011

Retained earnings

Ordinary

General

Eleventh Series Class XI Preferred Stock

8,337

March 31, 2011

June 21, 2011

Retained earnings

Meeting of Shareholders

Thirteenth Series Class XIII Preferred Stock

1,100

March 31, 2011

June 21, 2011

Retained earnings

November 14, 2011

Common Stock

72,025

September 30, 2011

December 7, 2011

Retained earnings

Board of

Directors’

Eleventh Series Class XI Preferred Stock

3,834

September 30, 2011

December 7, 2011

Retained earnings

Meeting

Thirteenth Series Class XIII Preferred Stock

550

September 30, 2011

December 7, 2011

Retained earnings

(BUSINESS SEGMENT INFORMATION)

1. 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

For the nine months ended December 31, 2011


	*Millions of yen*
	Global Corporate Group																	Global Retail Group																Global Asset & Wealth Management Group
				MHCB																	MHBK
						Domestic		Inter- national		Trading and others		MHSC			Others								Retail banking		Corporate banking		Trading and others		MHIS		Others						MHTB		Others			Others			Total
Gross profits: (excluding the amounts of credit costs of trust accounts)
Net interest income (expense)		328,990			274,557		117,100		71,400		86,057		(4,767	)		59,201			435,225			406,388		180,400		188,600		37,388		498		28,338			31,953			31,229		724			(6,539	)		789,630
Net non-interest income		359,995			236,741		84,100		47,100		105,541		87,526			35,727			211,142			174,189		24,300		85,000		64,889		30,431		6,520			93,513			58,966		34,546			19,342			683,994

Total		688,986			511,298		201,200		118,500		191,598		82,758			94,929			646,368			580,578		204,700		273,600		102,278		30,930		34,859			125,466			90,195		35,271			12,802			1,473,624

General and administrative expenses (excluding Non-Recurring Losses)		340,922			175,840		66,700		46,000		63,140		112,053			53,028			457,470			418,213		183,400		167,400		67,413		30,615		8,642			88,173			58,666		29,507			11,966			898,533

Others		(39,593	)		—		—		—		—		—			(39,593	)		(11,312	)		—		—		—		—		—		(11,312	)		(1,557	)		—		(1,557	)		(3,912	)		(56,376	)

Net business profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans)		308,470			335,458		134,500		72,500		128,458		(29,295	)		2,307			177,584			162,365		21,300		106,200		34,865		315		14,903			35,735			31,529		4,206			(3,075	)		518,715

Notes:

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

(2)	“Others ”, “Others ”, and “Others ” include elimination of transactions between companies within the Global Corporate Group, the Global Retail Group, and the Global Asset & Wealth Management Group, respectively. “Others ” includes elimination of transactions between the Global Groups.

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

The total amount of the above 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 and the amount of Income before income taxes and minority interests recorded in Consolidated Statement of Income are different.

The contents of the difference for the nine months ended December 31, 2011 are as follows:


	*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		518,715
Credit Costs of Trust Accounts		—
General and Administrative Expenses (non-recurring Losses)		(57,557	)
Expenses related to Portfolio Problems (including reversal of (provision for) general reserve for losses on loans)		(27,784	)
Net Gains (Losses) related to Stocks		(108,637	)
Net Extraordinary Gains (Losses)		76,131
Others		42,155

Income before income taxes and minority interests recorded in Consolidated Statement of Income		443,022

(NOTES TO SECURITIES)

Notes as of December 31, 2011

In addition to “Securities” on the quarterly consolidated balance sheet, Negotiable Certificates of Deposit in “Cash and Due from Banks,” certain items in “Other Debt Purchased” and certain items in “Other Assets” are also included. Unlisted stocks and others, the fair values of which are extremely difficult to determine, are excluded.

1.	Bonds Held to Maturity:


	*Millions of yen*
As of December 31, 2011	Amount on Consolidated BS		Fair Value		Unrealized Gains/Losses (Net)
Japanese Government Bonds	¥	1,650,713	¥	1,663,555	¥	12,841
Japanese Corporate Bonds	¥	1,001	¥	1,003	¥	1

Total	¥	1,651,715	¥	1,664,558	¥	12,842

Note: Fair value is primarily based on the market price at the consolidated balance sheet date.

2.	Other Securities:


	*Millions of yen*
As of December 31, 2011	Acquisition Cost		Amount on Consolidated BS		Unrealized Gains/Losses (Net)
Japanese Stocks	¥	2,309,034	¥	2,232,263	¥	(76,770	)
Japanese Bonds		32,786,609		32,832,677		46,067
Japanese Government Bonds		28,672,898		28,717,018		44,119
Japanese Local Government Bonds		259,341		262,526		3,184
Japanese Corporate Bonds		3,854,369		3,853,132		(1,237	)
Other		9,307,704		9,169,538		(138,166	)
Foreign Bonds		7,107,679		7,126,202		18,523
Other Debt Purchased		881,452		877,628		(3,824	)
Other		1,318,573		1,165,707		(152,865	)

Total	¥	44,403,349	¥	44,234,479	¥	(168,869	)

(NOTES TO MONEY HELD IN TRUST)

Notes as of December 31, 2011

1.	Money Held in Trust Held to Maturity:

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)


	*Millions of yen*
As of December 31, 2011	Acquisition Cost		Amount on Consolidated BS		Unrealized Gains/Losses (Net)
Other in Money Held in Trust	¥	993	¥	908	¥	(84	)

Note:

Fair value of Other is determined at the quoted market price, if available, or other reasonable value at the consolidated balance sheet date and other.

(SUBSEQUENT EVENTS)

There is no applicable information.