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 January 2015

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:

 

		Consolidated Financial Statements for the Third Quarter of Fiscal 2014 (Nine months ended December 31, 2014) <Under Japanese GAAP>

 

Company Name:		Mizuho Financial Group, Inc. (“MHFG”)		January 30, 2015

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:		Yutaka Ueki		General Manager of Accounting		Phone: +81-3-6838-6101
Filing of Shihanki Hokokusho (scheduled):				February 13, 2015		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 Third Quarter of Fiscal 2014 (for the nine months ended December 31, 2014)

(1) Consolidated Results of Operations (Accumulated Period)

 

(%: Changes from the corresponding period of the previous fiscal year)
		Ordinary Income								Ordinary Profits								Net Income
		¥ million				%				¥ million				%				¥ million				%
3Q F2014			2,309,160				3.6				808,052				3.5				523,226				(7.0	)
3Q F2013			2,227,854				4.2				780,567				32.2				563,142				43.7

 

Note:		Comprehensive Income: 3Q F2014: ¥1,267,736 million, 68.5%; 3Q F2013: ¥752,294 million, 55.9%

 

		Net Income per Share of Common Stock				Diluted Net Income per Share of Common Stock
		¥				¥
3Q F2014			21.39				20.61
3Q F2013			23.14				22.18

(2) Consolidated Financial Conditions

 

		Total Assets				Total Net Assets				Own Capital Ratio
		¥ million				¥ million				%
3Q F2014			195,996,433				9,155,133				3.8
Fiscal 2013			175,822,885				8,304,549				3.6

 

Reference:				Own Capital: As of December 31, 2014: ¥7,509,834 million; As of March 31, 2014: ¥6,457,311 million

Note:		Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Minority Interests) / Total Assets × 100 Own 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 2013			—				3.00				—				3.50				6.50
Fiscal 2014			—				3.50				—
Fiscal 2014 (estimate)															3.50				7.00

 

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 2014 (for the fiscal year ending March 31, 2015)

 

(%: Changes from the corresponding period of the previous fiscal year)
		Net Income								Net Income per  Share of Common Stock
		¥ million				%				¥
Fiscal 2014			550,000				(20.1	)			22.35

 

Notes:			1.					Revision of the latest announced earnings estimates for fiscal 2014: No
			2.					The number of shares of common stock used in the above calculation is based on the following:
								•   The average of “the average number of shares during 1Q, 2Q and 3Q” and “the number of outstanding shares as of December 31, 2014 (which is assumed to be the average number of shares during 4Q of fiscal 2014)” is used.
								•   It does not take into account any increase during 4Q of fiscal 2014 in the number of outstanding shares of common stock due to requests for acquisition (conversion) of the Eleventh Series Class XI Preferred Stock.

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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

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

‚ Changes in accounting policies other than  above: No

ƒ Changes in accounting estimates: No

„ 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”) and our report on Form 6-K furnished to the SEC on January 27, 2015, both of which are 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 2013			—				10.00				—				10.00				20.00
Fiscal 2014			—				10.00				—
Fiscal 2014 (estimate)															10.00				20.00

 

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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
		øSELECTED FINANCIAL INFORMATION For the Third Quarter of Fiscal 2014

[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)

Mizuho Financial Group has applied “Accounting Standard for Retirement Benefits” (ASBJ Statement No. 26, May 17, 2012) (hereinafter, the “Accounting Standard”) and “Guidance on Accounting Standard for Retirement Benefits” (ASBJ Guidance No. 25, May 17, 2012) (hereinafter, the “Guidance”), in terms of regulations stipulated in the text of the Accounting Standard, Paragraph 35 and the Guidance, Paragraph 67, beginning with the first quarter ended June 30, 2014. We have reviewed the calculation methods of retirement benefit obligations and service cost, changed the method of attributing the expected retirement benefits to periods of service from a straight-line basis to a benefit formula basis, and changed the method of determining the discount rate from the method using the discount rate based on the average period up to the estimated timing of the benefit payment and another period to the method using different discount rates according to the estimated timing of each benefit payment.

The Accounting Standard and the Guidance have been applied in accordance with the transitional treatment stipulated in the Accounting Standard, Paragraph 37, and the amount of financial impact resulting from the change in the calculation method of retirement benefit obligations and service cost was added to or deducted from retained earnings at the beginning of fiscal 2014.

As a result of this, Net Defined Benefit Asset increased by ¥19,795 million, Net Defined Benefit Liability decreased by ¥2,787 million, Retained Earnings increased by ¥16,107 million and Minority Interests increased by ¥573 million at the beginning of fiscal 2014. Ordinary Profits and Income before Income Taxes and Minority Interests for the nine months ended December 31, 2014 increased by ¥6,162 million, respectively.

 

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, 2014				As of December 31, 2014
Assets
Cash and Due from Banks		¥	20,610,276			¥	28,135,412
Call Loans and Bills Purchased			467,758				436,900
Receivables under Resale Agreements			8,349,528				9,898,505
Guarantee Deposits Paid under Securities Borrowing Transactions			5,010,740				4,625,238
Other Debt Purchased			3,263,057				3,267,253
Trading Assets			11,469,811				14,066,407
Money Held in Trust			168,369				158,119
Securities			43,997,517				45,989,639
Loans and Bills Discounted			69,301,405				72,904,140
Foreign Exchange Assets			1,576,167				1,662,970
Derivatives other than for Trading Assets			2,820,468				4,445,287
Other Assets			2,840,720				3,580,493
Tangible Fixed Assets			925,266				1,070,516
Intangible Fixed Assets			531,501				605,855
Net Defined Benefit Asset			413,073				476,547
Deferred Tax Assets			104,909				37,076
Customers’ Liabilities for Acceptances and Guarantees			4,588,646				5,207,791
Reserves for Possible Losses on Loans			(616,307	)			(571,720	)
Reserve for Possible Losses on Investments			(27	)			(2	)
Total Assets		¥	175,822,885			¥	195,996,433

 

1-3

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Mizuho Financial Group, Inc.

 

		Millions of yen
		As of March 31, 2014				As of December 31, 2014
Liabilities
Deposits		¥	89,055,505			¥	94,623,204
Negotiable Certificates of Deposit			12,755,776				20,315,551
Call Money and Bills Sold			7,194,432				6,838,974
Payables under Repurchase Agreements			16,797,803				21,091,231
Guarantee Deposits Received under Securities Lending Transactions			6,085,331				2,965,651
Commercial Paper			677,459				793,134
Trading Liabilities			8,183,037				9,855,146
Borrowed Money			7,838,357				6,300,432
Foreign Exchange Liabilities			323,327				420,285
Short-term Bonds			584,568				794,908
Bonds and Notes			5,245,743				5,869,511
Due to Trust Accounts			1,300,655				1,796,775
Derivatives other than for Trading Liabilities			3,004,497				4,555,768
Other Liabilities			3,570,902				4,846,140
Reserve for Bonus Payments			52,641				28,116
Net Defined Benefit Liability			46,006				45,383
Reserve for Director and Corporate Auditor Retirement Benefits			1,547				1,406
Reserve for Possible Losses on Sales of Loans			1,259				864
Reserve for Contingencies			6,309				7,128
Reserve for Reimbursement of Deposits			16,451				14,515
Reserve for Reimbursement of Debentures			54,956				49,926
Reserves under Special Laws			1,273				1,571
Deferred Tax Liabilities			50,783				336,822
Deferred Tax Liabilities for Revaluation Reserve for Land			81,060				81,054
Acceptances and Guarantees			4,588,646				5,207,791
Total Liabilities		¥	167,518,336			¥	186,841,299
Net Assets
Common Stock and Preferred Stock		¥	2,254,972			¥	2,255,404
Capital Surplus			1,109,508				1,110,006
Retained Earnings			2,315,608				2,678,815
Treasury Stock			(3,874	)			(3,770	)
Total Shareholders’ Equity			5,676,215				6,040,456
Net Unrealized Gains (Losses) on Other Securities			733,522				1,366,565
Deferred Gains or Losses on Hedges			(6,677	)			30,002
Revaluation Reserve for Land			140,745				140,735
Foreign Currency Translation Adjustments			(63,513	)			(55,607	)
Remeasurements of Defined Benefit Plans			(22,979	)			(12,317	)
Total Accumulated Other Comprehensive Income			781,096				1,469,378
Stock Acquisition Rights			3,179				3,820
Minority Interests			1,844,057				1,641,478
Total Net Assets			8,304,549				9,155,133
Total Liabilities and Net Assets		¥	175,822,885			¥	195,996,433

 

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 nine months ended December 31, 2013				For the nine months ended December 31, 2014
Ordinary Income		¥	2,227,854			¥	2,309,160
Interest Income			1,064,963				1,075,607
Interest on Loans and Bills Discounted			697,489				700,106
Interest and Dividends on Securities			238,372				239,688
Fiduciary Income			36,417				36,697
Fee and Commission Income			497,609				512,360
Trading Income			134,878				166,455
Other Operating Income			236,124				315,341
Other Ordinary Income			257,860				202,698
Ordinary Expenses			1,447,286				1,501,108
Interest Expenses			233,075				249,283
Interest on Deposits			77,763				89,400
Fee and Commission Expenses			96,446				108,450
Trading Expenses			5,736				—
Other Operating Expenses			88,685				82,918
General and Administrative Expenses			931,499				993,135
Other Ordinary Expenses			91,842				67,319
Ordinary Profits			780,567				808,052
Extraordinary Gains			381				93
Extraordinary Losses			6,560				3,626
Income before Income Taxes and Minority Interests			774,387				804,519
Income Taxes:
Current			100,896				208,746
Deferred			48,041				19,067
Total Income Taxes			148,937				227,813
Income before Minority Interests			625,449				576,705
Minority Interests in Net Income			62,306				53,479
Net Income		¥	563,142			¥	523,226

 

1-5

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Mizuho Financial Group, Inc.

 

[Consolidated Statements of Comprehensive Income]

 

		Millions of yen
		For the nine months ended December 31, 2013				For the nine months ended December 31, 2014
Income before Minority Interests		¥	625,449			¥	576,705
Other Comprehensive Income			126,844				691,030
Net Unrealized Gains (Losses) on Other Securities			206,716				633,284
Deferred Gains or Losses on Hedges			(100,646	)			36,676
Revaluation Reserve for Land			20				—
Foreign Currency Translation Adjustments			9,952				4,221
Remeasurements of Defined Benefit Plans			—				10,902
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method			10,802				5,946
Comprehensive Income			752,294				1,267,736
(Breakdown)
Comprehensive Income Attributable to Owners of the Parent			681,813				1,211,518
Comprehensive Income Attributable to Minority Interests			70,481				56,217

 

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 Third Quarter of Fiscal 2014

(Nine months ended December 31, 2014)

<Under Japanese GAAP>

 

 

 

Mizuho Financial Group, Inc.

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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”)

 

The former MHBK and the former Mizuho Corporate Bank, Ltd. (“MHCB”) conducted a merger on July 1, 2013.

 

Non-consolidated profit/loss figures for MHBK for the previous period (Third Quarter of Fiscal 2013 (Accumulated Period)) are aggregate figures for the former MHBK for the first quarter, the former MHCB for the first quarter, and MHBK for the second and third quarters. Aggregate profit/loss figures for the 2 banks (MHBK and MHTB) for the previous period (Third Quarter of Fiscal 2013 (Accumulated Period)) are aggregate figures for the former MHBK for the first quarter, the former MHCB for the first quarter, MHBK for the second and third quarters, and MHTB for the third quarter (Accumulated Period).

 

 

 

FINANCIAL INFORMATION FOR THE THIRD QUARTER OF FISCAL 2014

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

 

 

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”) and our report on Form 6-K furnished to the SEC on January 27, 2015, both of which are 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 THIRD QUARTER OF FISCAL 2014

1. Income Analysis

CONSOLIDATED

 

						(Billions of yen)
						Third Quarter of Fiscal 2014 (Accumulated Period)
										Change				Third Quarter of Fiscal 2013 (Accumulated Period)
Consolidated Gross Profits			1				1,665.8				119.7				1,546.0
Net Interest Income			2				826.3				(5.5	)			831.8
Fiduciary Income			3				36.6				0.2				36.4
Credit Costs for Trust Accounts			4				—				—				—
Net Fee and Commission Income			5				403.9				2.7				401.1
Net Trading Income			6				166.4				37.3				129.1
Net Other Operating Income			7				232.4				84.9				147.4
General and Administrative Expenses			8				(993.1	)			(61.6	)			(931.4	)
Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Possible Losses on Loans)			9				(13.7	)			6.7				(20.5	)
Reversal of Reserves for Possible Losses on Loans, etc.			10				45.5				(49.7	)			95.2
Net Gains (Losses) related to Stocks			11				96.0				34.9				61.1
Equity in Income from Investments in Affiliates			12				15.4				(0.8	)			16.3
Other			13				(7.8	)			(21.8	)			13.9
Ordinary Profits			14				808.0				27.4				780.5
Net Extraordinary Gains (Losses)			15				(3.5	)			2.6				(6.1	)
Income before Income Taxes and Minority Interests			16				804.5				30.1				774.3
Income Taxes			17				(227.8	)			(78.8	)			(148.9	)
Income before Minority Interests			18				576.7				(48.7	)			625.4
Minority Interests in Net Income			19				(53.4	)			8.8				(62.3	)
Net Income			20				523.2				(39.9	)			563.1
Credit-related Costs (including Credit Costs for Trust Accounts)			21				31.7				(42.9	)			74.6
* Credit-related Costs [21] =     Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Possible Losses on Loans) [9] + Reversal of Reserves for Possible Losses on Loans, etc. [10] + Credit Costs for Trust Accounts [4]
(Reference)
Consolidated Net Business Profits			22				660.8				66.6				594.2
* 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				154				(4	)			158
Number of affiliates under the equity method			24				21				(1	)			22

 

2-1

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Mizuho Financial Group, Inc.

NON-CONSOLIDATED

Aggregate Figures for the 2 Banks

 

						(Billions of yen)
						Third Quarter of Fiscal 2014 (Accumulated Period)																Third Quarter of Fiscal 2013 (Accumulated Period)
						MHBK				MHTB				Aggregate Figures				Change
Gross Profits			1				1,129.9				96.5				1,226.4				68.7				1,157.7
Net Interest Income			2				684.3				29.8				714.2				(15.7	)			730.0
Fiduciary Income			3								36.2				36.2				0.2				35.9
Trust Fees for Jointly Operated Designated Money Trust			4								1.4				1.4				(0.1	)			1.6
Credit Costs for Trust Accounts			5								—				—				—				—
Net Fee and Commission Income			6				262.7				18.2				280.9				16.8				264.0
Net Trading Income			7				14.1				1.8				16.0				6.9				9.0
Net Other Operating Income			8				168.5				10.4				179.0				60.4				118.6
General and Administrative Expenses (excluding Non-Recurring Losses)			9				(619.8	)			(55.5	)			(675.4	)			(34.5	)			(640.8	)
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) *			10				510.0				40.9				551.0				34.1				516.8
Reversal of (Provision for) General Reserve for Possible Losses on Loans			11				—				—				—				—				—
Net Business Profits			12				510.0				40.9				551.0				34.1				516.8
Net Gains (Losses) related to Bonds			13				108.1				10.4				118.6				56.8				61.7
Net Non-Recurring Gains (Losses)			14				72.5				9.1				81.7				(35.2	)			116.9
Net Gains (Losses) related to Stocks			15				76.6				6.7				83.4				40.6				42.8
Expenses related to Portfolio Problems			16				(9.8	)			(0.0	)			(9.9	)			5.1				(15.0	)
Reversal of Reserves for Possible Losses on Loans, etc.			17				31.4				4.8				36.2				(55.8	)			92.1
Other			18				(25.6	)			(2.4	)			(28.0	)			(25.1	)			(2.9	)
Ordinary Profits			19				582.6				50.0				632.7				(1.0	)			633.8
Net Extraordinary Gains (Losses)			20				(2.6	)			(0.1	)			(2.7	)			1.3				(4.1	)
Income before Income Taxes			21				579.9				49.9				629.9				0.3				629.6
Income Taxes			22				(193.0	)			(2.8	)			(195.9	)			(50.5	)			(145.3	)
Net Income			23				386.9				47.0				434.0				(50.2	)			484.3
* Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) of MHTB excludes the amounts of “Credit Costs for Trust Accounts” [5].
Credit-related Costs			24				21.5				4.8				26.3				(50.7	)			77.0
* Credit-related  Costs  [24]  =    Expenses related to Portfolio Problems [16] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [11] + Reversal of Reserves for Possible Losses on Loans, etc. [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 Possible Losses on Loans			26				48.8				3.9				52.8				(16.9	)			69.8
Losses on Write-offs of Loans			27				2.8				(0.0	)			2.8				(0.3	)			3.2
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans			28				(28.3	)			0.8				(27.5	)			(28.6	)			1.1
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries			29				0.3				(0.0	)			0.3				0.2				0.0
Reversal of (Provision for) Reserve for Contingencies			30				(0.6	)			—				(0.6	)			(4.1	)			3.4
Other (including Losses on Sales of Loans)			31				(1.4	)			—				(1.4	)			(0.8	)			(0.6	)
Total			32				21.5				4.8				26.3				(50.7	)			77.0

 

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Mizuho Financial Group, Inc.

2. Net Gains/Losses on Stocks

CONSOLIDATED

 

		(Billions of yen)
		Third Quarter of Fiscal 2014 (Accumulated Period)								Third Quarter of Fiscal 2013 (Accumulated Period)
						Change
Net Gains (Losses) related to Stocks			96.0				34.9				61.1
Gains on Sales			108.3				41.0				67.3
Losses on Sales			(3.5	)			0.0				(3.6	)
Impairment (Devaluation)			(5.0	)			(1.4	)			(3.5	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			0.0				0.0				0.0
Gains (Losses) on Derivatives other than for Trading			(3.7	)			(4.7	)			0.9

NON-CONSOLIDATED

Aggregate Figures for the 2 Banks

 

		Third Quarter of Fiscal 2014 (Accumulated Period)								Third Quarter of Fiscal 2013 (Accumulated Period)
						Change
Net Gains (Losses) related to Stocks			83.4				40.6				42.8
Gains on Sales			90.0				44.5				45.5
Losses on Sales			(2.6	)			(0.2	)			(2.3	)
Impairment (Devaluation)			(0.2	)			1.0				(1.3	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			0.0				(0.0	)			0.0
Gains (Losses) on Derivatives other than for Trading			(3.7	)			(4.7	)			0.9

Mizuho Bank

 

		Third Quarter of Fiscal 2014 (Accumulated Period)								Third Quarter of Fiscal 2013 (Accumulated Period)
						Change
Net Gains (Losses) related to Stocks			76.6				42.0				34.6
Gains on Sales			82.9				45.8				37.0
Losses on Sales			(2.4	)			(0.3	)			(2.1	)
Impairment (Devaluation)			(0.2	)			1.0				(1.2	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			0.0				(0.0	)			0.0
Gains (Losses) on Derivatives other than for Trading			(3.5	)			(4.4	)			0.9

Mizuho Trust & Banking

 

		Third Quarter of Fiscal 2014 (Accumulated Period)								Third Quarter of Fiscal 2013 (Accumulated Period)
						Change
Net Gains (Losses) related to Stocks			6.7				(1.4	)			8.1
Gains on Sales			7.1				(1.3	)			8.4
Losses on Sales			(0.1	)			0.0				(0.2	)
Impairment (Devaluation)			(0.0	)			0.0				(0.0	)
Reversal of (Provision for) Reserve for Possible Losses on Investments			0.0				0.0				(0.0	)
Gains (Losses) on Derivatives other than for Trading			(0.1	)			(0.2	)			0.0

 

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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 December 31, 2014																As of March 31, 2014																As of September 30, 2014 (Reference)
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses												Gains				Losses
MHFG (Consolidated)
Other Securities			40,822.5				2,078.0				2,256.2				178.1				40,212.5				1,127.6				1,475.5				347.8				41,148.8				1,631.3				1,865.2				233.9
Japanese Stocks			3,755.7				1,769.7				1,820.7				51.0				3,110.8				1,106.9				1,197.8				90.8				3,470.1				1,481.9				1,547.7				65.8
Japanese Bonds			23,797.1				99.0				107.5				8.4				25,094.5				31.3				48.1				16.7				25,354.0				33.7				45.3				11.6
Japanese Government Bonds			20,887.7				64.6				65.0				0.3				22,057.5				13.4				17.8				4.4				22,353.6				9.9				12.8				2.8
Other			13,269.6				209.2				327.9				118.6				12,007.1				(10.6	)			229.5				240.2				12,324.6				115.5				272.0				156.4
Foreign Bonds			9,928.8				(34.5	)			64.8				99.3				9,114.2				(170.6	)			32.1				202.7				9,042.8				(91.3	)			48.5				139.9

 

*	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 ¥55.0 billion, ¥45.3 billion, and ¥37.4 billion, which were recognized in the statement of income for December 31, 2014, September 30, 2014, and March 31, 2014 respectively, by applying the fair-value hedge method and others.

(2) Bonds Held to Maturity

 

		(Billions of yen)
		As of December 31, 2014																As of March 31, 2014																As of September 30, 2014 (Reference)
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses												Gains				Losses
MHFG (Consolidated)			5,285.6				46.6				46.7				0.0				4,040.0				17.7				17.9				0.2				4,867.1				21.9				23.5				1.5

NON-CONSOLIDATED

Aggregate Figures for the 2 Banks

(1) Other Securities

 

		(Billions of yen)
		As of December 31, 2014																As of March 31, 2014																As of September 30, 2014 (Reference)
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses												Gains				Losses
MHBK
Other Securities			37,771.1				1,722.2				1,902.7				180.5				37,216.7				874.5				1,215.8				341.2				38,143.0				1,327.2				1,560.3				233.1
Japanese Stocks			3,426.7				1,572.6				1,628.5				55.9				2,816.2				945.0				1,038.3				93.2				3,152.7				1,296.1				1,364.7				68.6
Japanese Bonds			22,539.6				96.0				104.2				8.2				23,788.1				30.4				46.2				15.7				24,001.5				32.4				43.6				11.2
Japanese Government Bonds			19,829.8				62.3				62.6				0.2				20,931.3				13.1				16.8				3.7				21,198.6				9.2				11.8				2.5
Other			11,804.8				53.5				169.9				116.3				10,612.3				(100.9	)			131.3				232.2				10,988.7				(1.3	)			151.8				153.2
Foreign Bonds			9,254.3				(42.2	)			55.6				97.8				8,510.8				(165.7	)			30.8				196.6				8,445.0				(95.2	)			42.6				137.9
MHTB
Other Securities			1,771.5				147.9				152.1				4.2				1,814.0				84.1				95.0				10.9				1,718.4				124.1				129.9				5.7
Japanese Stocks			248.3				123.9				126.0				2.0				207.7				82.3				86.0				3.7				236.3				110.4				113.1				2.7
Japanese Bonds			872.1				2.7				2.9				0.1				1,016.3				1.0				1.8				0.7				898.2				1.2				1.5				0.3
Japanese Government Bonds			814.7				2.1				2.2				0.1				946.6				0.2				0.9				0.6				838.7				0.6				0.8				0.2
Other			651.0				21.1				23.1				1.9				589.9				0.7				7.1				6.4				583.8				12.4				15.1				2.7
Foreign Bonds			479.3				6.6				7.8				1.2				445.9				(4.4	)			0.4				4.9				430.8				3.1				4.8				1.6
Total
Other Securities			39,542.7				1,870.1				2,054.9				184.7				39,030.7				958.6				1,310.8				352.1				39,861.4				1,451.3				1,690.2				238.9
Japanese Stocks			3,675.0				1,696.6				1,754.6				58.0				3,024.0				1,027.3				1,124.3				96.9				3,389.0				1,406.5				1,477.9				71.4
Japanese Bonds			23,411.7				98.7				107.2				8.4				24,804.4				31.5				48.0				16.5				24,899.8				33.7				45.2				11.5
Japanese Government Bonds			20,644.5				64.4				64.8				0.3				21,878.0				13.3				17.7				4.4				22,037.4				9.9				12.7				2.8
Other			12,455.9				74.7				193.0				118.3				11,202.2				(100.1	)			138.4				238.6				11,572.5				11.0				167.0				155.9
Foreign Bonds			9,733.7				(35.6	)			63.4				99.1				8,956.8				(170.2	)			31.3				201.5				8,875.9				(92.1	)			47.5				139.6

 

*	In addition to securities, NCDs 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 date above.

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

*	Unrealized Gains/Losses include ¥55.0 billion, ¥45.3 billion, and ¥37.4 billion, which were recognized as Income/Loss for December 31, 2014, September 30, 2014, and March 31, 2014 respectively, by applying the fair-value hedge method and others.

 

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Mizuho Financial Group, Inc.

(2) Bonds Held to Maturity

 

		(Billions of yen)
		As of December 31, 2014																As of March 31, 2014																As of September 30, 2014 (Reference)
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses												Gains				Losses
MHBK			5,285.6				46.6				46.7				0.0				4,040.0				17.7				17.9				0.2				4,867.1				21.9				23.5				1.5
MHTB			—				—				—				—				—				—				—				—				—				—				—				—
Total			5,285.6				46.6				46.7				0.0				4,040.0				17.7				17.9				0.2				4,867.1				21.9				23.5				1.5
(3) Investments in Subsidiaries and Affiliates
		(Billions of yen)
		As of December 31, 2014																As of March 31, 2014																As of September 30, 2014 (Reference)
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses												Gains				Losses
MHBK			118.3				160.4				160.4				—				118.3				140.5				141.2				0.6				118.3				172.5				172.5				—
MHTB			—				—				—				—				—				—				—				—				—				—				—				—
Total			118.3				160.4				160.4				—				118.3				140.5				141.2				0.6				118.3				172.5				172.5				—

(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 as Income/Loss by applying the fair-value hedge method and others. They were excluded from Unrealized Gains/Losses on Other Securities. These adjusted Unrealized Gains/Losses were the base amount, which was to be recorded directly to Net Assets after tax and other necessary adjustments.

The base amount is as follows:

CONSOLIDATED

 

		(Billions of yen)
		As of December 31, 2014								As of March 31, 2014				As of September 30, 2014 (Reference)
		Unrealized Gains/Losses								Unrealized Gains/Losses				Unrealized Gains/Losses
						Change
Other Securities			2,022.9				932.6				1,090.2				1,585.9
Japanese Stocks			1,757.3				649.1				1,108.2				1,476.7
Japanese Bonds			99.0				67.6				31.3				33.7
Japanese Government Bonds			64.6				51.2				13.4				9.9
Other			166.6				215.9				(49.3	)			75.4
Foreign Bonds			(77.1	)			132.1				(209.2	)			(131.4	)

NON-CONSOLIDATED

Aggregate Figures for the 2 Banks

 

		(Billions of yen)
		As of December 31, 2014								As of March 31, 2014				As of September 30, 2014 (Reference)
		Unrealized Gains/Losses								Unrealized Gains/Losses				Unrealized Gains/Losses
						Change
Other Securities			1,815.0				893.8				921.2				1,405.9
Japanese Stocks			1,684.1				655.6				1,028.5				1,401.2
Japanese Bonds			98.7				67.2				31.5				33.7
Japanese Government Bonds			64.4				51.1				13.3				9.9
Other			32.1				170.9				(138.8	)			(29.0	)
Foreign Bonds			(78.2	)			130.6				(208.8	)			(132.1	)

 

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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 December 31, 2014												As of March 31, 2014												As of September 30, 2014 (Reference)
		Deferred Hedge Gains/Losses												Deferred Hedge Gains/Losses												Deferred Hedge Gains/Losses
		Gains				Losses								Gains				Losses								Gains				Losses
MHBK			656.9				669.9				(12.9	)			577.1				579.2				(2.0	)			581.7				598.9				(17.1	)
MHTB			92.8				92.9				(0.0	)			68.1				74.7				(6.6	)			80.4				84.2				(3.8	)
Total			749.8				762.8				(12.9	)			645.2				654.0				(8.7	)			662.1				683.1				(21.0	)

 

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

 

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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 December 31, 2014
						Change				As of March 31, 2014				As of September 30, 2014 (Reference)
Consolidated
Claims against Bankrupt and Substantially Bankrupt Obligors			66.9				(13.2)				80.2				71.3
Claims with Collection Risk			471.2				(13.7)				484.9				440.5
Claims for Special Attention			397.7				(111.0)				508.7				431.1
Total			935.9				(137.9)				1,073.9				943.0
Trust Account
Claims against Bankrupt and Substantially Bankrupt Obligors			—				—				—				—
Claims with Collection Risk			3.0				(0.0)				3.0				3.0
Claims for Special Attention			—				—				—				—
Total			3.0				(0.0)				3.0				3.0
Total (Consolidated + Trust Account)
Claims against Bankrupt and Substantially Bankrupt Obligors			66.9				(13.2)				80.2				71.3
Claims with Collection Risk			474.3				(13.7)				488.0				443.6
Claims for Special Attention			397.7				(111.0)				508.7				431.1
Total			939.0				(137.9)				1,076.9				946.0

 

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

 

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Mizuho Financial Group, Inc.

NON-CONSOLIDATED

Aggregate Figures for the 2 Banks

Total (Banking Account + Trust Account)

 

		(Billions of yen, %)
		As of December 31, 2014								As of March 31, 2014				As of September 30, 2014 (Reference)
						Change
Claims against Bankrupt and Substantially Bankrupt Obligors			53.4				(13.8	)			67.2				56.9
Claims with Collection Risk			470.9				(1.0	)			472.0				430.2
Claims for Special Attention			322.8				(89.2	)			412.1				350.0
Sub-total [1]			847.3				(104.1	)			951.4				837.2
NPL ratio [1]/[2]			1.02	%			(0.18	)%			1.21	%			1.05	%
Normal Claims			82,028.6				4,496.1				77,532.5				78,773.4
Total [2]			82,875.9				4,392.0				78,483.9				79,610.7
MHBK
Claims against Bankrupt and Substantially Bankrupt Obligors			52.2				(13.2	)			65.5				55.5
Claims with Collection Risk			454.7				0.0				454.6				412.4
Claims for Special Attention			321.1				(85.1	)			406.3				347.1
Sub-total [3]			828.1				(98.4	)			926.5				815.1
NPL ratio [3]/[4]			1.03	%			(0.19	)%			1.23	%			1.06	%
Normal Claims			78,881.4				4,585.0				74,296.4				75,617.7
Total [4]			79,709.5				4,486.5				75,222.9				76,432.8
MHTB
Banking Account
Claims against Bankrupt and Substantially Bankrupt Obligors			1.2				(0.5	)			1.7				1.3
Claims with Collection Risk			13.1				(1.0	)			14.2				14.7
Claims for Special Attention			1.7				(4.0	)			5.8				2.9
Sub-total [5]			16.1				(5.6	)			21.8				19.0
NPL ratio [5]/[6]			0.51	%			(0.16	)%			0.67	%			0.60	%
Normal Claims			3,133.6				(87.9	)			3,221.5				3,141.9
Total [6]			3,149.7				(93.6	)			3,243.4				3,161.0
Trust Account
Claims against Bankrupt and Substantially Bankrupt Obligors			—				—				—				—
Claims with Collection Risk			3.0				(0.0	)			3.0				3.0
Claims for Special Attention			—				—				—				—
Sub-total [7]			3.0				(0.0	)			3.0				3.0
NPL ratio [7]/[8]			18.28	%			0.89	%			17.38	%			18.05	%
Normal Claims			13.5				(0.8	)			14.4				13.7
Total [8]			16.6				(0.9	)			17.5				16.8

 

Notes:			1.			Trust Account denotes trust accounts with contracts indemnifying the principal amounts.
			2.			NPL: Non-Performing Loans

 

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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 December 31, 2014								As of March 31, 2014				As of September 30, 2014 (Reference)
						Change
MHBK			90,784.2				4,735.5				86,048.6				87,731.7
MHTB			2,796.3				604.2				2,192.0				2,433.5
Total			93,580.5				5,339.8				88,240.6				90,165.3
(1)-2 Domestic Deposits
Aggregate Figures for the 2 Banks
		(Billions of yen)
		As of December 31, 2014								As of March 31, 2014				As of September 30, 2014 (Reference)
						Change
MHBK			76,741.4				1,863.8				74,877.5				75,490.6
Individual deposits			38,687.5				1,411.4				37,276.0				37,726.8
MHTB			2,782.7				628.0				2,154.6				2,420.0
Individual deposits			1,178.0				(48.6	)			1,226.7				1,188.9
Total			79,524.2				2,491.9				77,032.2				77,910.6
Individual deposits			39,865.6				1,362.7				38,502.8				38,915.7
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 December 31, 2014								As of March 31, 2014				As of September 30, 2014 (Reference)
						Change
MHBK			70,586.8				3,750.3				66,836.5				67,685.8
MHTB			3,034.0				(103.7	)			3,137.8				3,054.1
Total			73,620.9				3,646.5				69,974.4				70,740.0

 

Note:		Loans to MHFG are included as follows:
				As of December 31, 2014: ¥700.2 billion (from MHBK)
				As of September 30, 2014: ¥454.7 billion (from MHBK)
				As of March 31, 2014: ¥561.4 billion (from MHBK)

(3) Interest Margins (Domestic Operations)

Mizuho Bank

MHBK

										(%)
										Third Quarter of Fiscal 2014 (Accumulated Period)								Third Quarter of Fiscal 2013 (Accumulated Period)
														Change
Return on Loans and Bills Discounted							1				1.03				(0.07	)			1.11
Cost of Deposits							2				0.04				(0.00	)			0.05
Loan and Deposit Rate Margin [1]-[2]							3				0.99				(0.06	)			1.06
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   MHBK
Return on Loans and Bills Discounted							4				1.14				(0.09	)			1.24
Loan and Deposit Rate Margin [4]-[2]							5				1.10				(0.08	)			1.19

 

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