For Immediate Release:
Consolidated Financial Statements for the First Quarter of Fiscal 2020
(Under Japanese GAAP)
Company Name: | Mizuho Financial Group, Inc. ("MHFG") | July 31, 2020 | |
Stock Code Number (Japan): | 8411 | ||
Stock Exchange Listings: | Tokyo Stock Exchange (First Section), New York Stock Exchange | ||
URL: | https://www.mizuho-fg.com/index.html | ||
Representative: | Tatsufumi Sakai | President & CEO | |
For Inquiry: | Tomomichi Fujita | General Manager of Accounting | Phone: +81-3-6838-6101 |
Filing of Shihanki Hokokusho (scheduled): August 14, 2020 | 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 2020 (for the three months ended June 30, 2020)
(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 F2020 | 835,835 | (15.4) | 175,421 | (20.2) | 122,375 | (24.6) | |||||||||||||||
1Q F2019 | 988,825 | 3.2 | 219,849 | 5.1 | 162,438 | 0.8 | |||||||||||||||
Note: Comprehensive Income: 1Q F2020: | ¥192,626 million, | 104.2 %; | 1Q F2019: | ¥ 94,321 million, | (45.0) % | ||||||||||||||||
Net Income | Diluted Net Income | ||||||||||||||||||||
per Share of Common Stock | per Share of Common Stock | ||||||||||||||||||||
¥ | ¥ | ||||||||||||||||||||
1Q F2020 | 4.82 | 4.82 | |||||||||||||||||||
1Q F2019 | 6.40 | 6.40 | |||||||||||||||||||
(2) Consolidated Financial Conditions | |||||||||||||||||||||
Total Assets | Total Net Assets | Own Capital Ratio | |||||||||||||||||||
¥ million | ¥ million | % | |||||||||||||||||||
1Q F2020 | 220,609,837 | 8,727,255 | 3.9 | ||||||||||||||||||
Fiscal 2019 | 214,659,077 | 8,663,847 | 3.9 | ||||||||||||||||||
Reference: Own Capital: | As of June 30, 2020: | ¥ 8,621,615 million; | As of March 31, 2020: | ¥ 8,553,971 million | |||||||||||||||||
Note: Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Non-controlling Interests) / Total Assets × 100 | |||||||||||||||||||||
Own Capital Ratio stated above is not calculated based on the public notice of Own Capital Ratio. | |||||||||||||||||||||
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 2019 | - | 3.75 | - | 3.75 | 7.50 | ||||||||||||||||
Fiscal 2020 | - | ||||||||||||||||||||
Fiscal 2020 (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. The impact from the share consolidation scheduled on October 1, 2020 is not reflected to the estimate of Cash Dividends per Share of Common Stock for the end of fiscal 2020. If the share consolidation is taken into account, it would be ¥37.50. Please refer to "Notes" below for details.
3. Consolidated Earnings Estimates for Fiscal 2020 (for the fiscal year ending March 31, 2021)
(%: Changes from the corresponding period of the previous fiscal year) | ||||
Profit Attributable to Owners | Net Income | |||
of Parent | per Share of Common Stock | |||
¥ million | % | ¥ | ||
Fiscal 2020 H1 | - | - | - | |
Fiscal 2020 | 320,000 | (28.6) | 12.61 |
Notes: 1. Revision of the latest announced earnings estimates for fiscal 2020: No
2. The number of shares of common stock used in the above per share information is based on the weighted average of the average number of outstanding shares during 1Q and the number of outstanding shares as of June 30, 2020 (which is used as a proxy for the average number of outstanding shares during 2Q-4Q). The impact from the share consolidation scheduled on October 1, 2020 is not reflected to the Consolidated Earnings Estimates for Net Income per Share of Common Stock for Fiscal 2020 (for the fiscal year ending March 31, 2021). If the share consolidation is taken into account, it would be ¥126.12. Please refer to "Notes" below for details.
Notes
- Changes in Significant Subsidiaries during the Period (changes in specified subsidiaries accompanying changes in the scope of consolidation): No
- Adoption of Specified Accounting Methods for the Preparation of Quarterly Consolidated Financial Statements: No
- Changes in Accounting Policies and Accounting Estimates / Restatements
- Changes in accounting policies due to revisions of accounting standards: Yes
- Changes in accounting policies other than ⅰ above: No ⅲ Changes in accounting estimates: No
ⅳ Restatements: No
Note: For more information, please refer to "1.(1) Changes in Accounting Policies and Accounting Estimates / Restatements" on page 1-2 of the attachment.
- Issued Shares of Common Stock
ⅰ Period-end issued shares (including treasury stock): | As of June 30, 2020 | 25,392,498,945 | shares | As of March 31, 2020 | 25,392,498,945 | shares |
ⅱ Period-end treasury stock: | As of June 30, 2020 | 31,202,189 | shares | As of March 31, 2020 | 32,106,811 | shares |
ⅲ Average outstanding shares (first quarter): | 1Q Fiscal 2020 | 25,360,835,284 | shares | 1Q Fiscal 2019 | 25,360,510,272 | shares |
This immediate release is outside the scope of quarterly review by certified public accountants or audit firms.
The share consolidation is scheduled on October 1, 2020, based on the approval of MHFG's 18th Ordinary General Meeting of Shareholders held on June 25, 2020.
Estimates for cash dividends and consolidated earnings for the fiscal year ending March 31, 2021, taking the share consolidation into account, are as follows.
(1) Estimate for cash dividends for the fiscal year ending March 31, 2021 | |||
Cash dividends per share of common stock | Second quarter-end | ¥ | 3.75 |
Fiscal year-end | ¥ | 37.50 | |
(2) Consolidated earnings estimate for the fiscal year ending March 31, 2021 | |||
Net income per share of common stock(Consolidated) | ¥ | 126.12 |
This immediate release contains statements that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including estimates, forecasts, targets and plans. Such forward-looking statements do not represent any guarantee by management of future performance.
In many cases, but not all, we use such words as "aim," "anticipate," "believe," "endeavor," "estimate," "expect," "intend," "may," "plan," "probability," "project," "risk," "seek," "should," "strive," "target" and similar expressions in relation to us or our management to identify forward- looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements reflect our current views with respect to future events and are subject to risks, uncertainties and assumptions.
We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: impact of the corona virus pandemic; incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline in our deferred tax assets;impairment of the carrying value of our long-lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our 5-Year 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.com/index.html and also at the SEC's web site at www.sec.gov.
We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange.
Mizuho Financial Group, Inc.
○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 and Others …………………………………………… | 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
※SELECTED FINANCIAL INFORMATION For the First Quarter of Fiscal 2020
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
Mizuho Financial Group, Inc.
1. Matters Related to Summary Information (Notes)
(1) Changes in Accounting Policies and Accounting Estimates / Restatements
Changes in Accounting Policies
(Accounting Standard for Fair Value Measurement and Others)
MHFG has applied "Accounting Standard for Fair Value Measurement" (ASBJ Statement No.30, July 4, 2019) and others from the beginning of the first quarter ended June 30, 2020.
In accordance with Article 8 of "Accounting Standard for Fair Value Measurement", the fair value adjustment method used to determine the fair value of derivatives is revised to maximize the use of relevant observable inputs estimated from derivatives and others traded in the market.
In accordance with Article 20 of "Accounting Standard for Fair Value Measurement", the cumulative effects arising from the retroactive application of these new accounting policies to all the previous fiscal years were reflected in Retained Earnings as of April 1, 2020.
As a result, Retained Earnings decreased by ¥32,639 million, Trading Assets decreased by ¥50,380 million, Derivatives other than for Trading Assets decreased by ¥6,379 million, Trading Liabilities decreased by ¥6,529 million, Derivatives other than for Trading Liabilities decreased by ¥3,184 million, Deferred Tax Assets increased by ¥14,405 million, and Net Assets per Share decreased by ¥1.28 as of April 1, 2020.
And in accordance with the transitional treatment set forth in Article 19 of "Accounting Standard for Fair Value Measurement" and Article 44-2 of "Accounting Standard for Financial Instruments" (ASBJ Statement No.10, July 4, 2019), MHFG has applied a new accounting policy prescribed by "Accounting Standard for Fair Value Measurement" and others from the end of the first quarter.
As a result, in principle, while fair value of Japanese stocks was previously determined based on the average quoted market price over the month preceding the quarterly consolidated balance sheet date, from the end of the first quarter, fair value of Japanese stocks is determined based on the quoted market price as of the quarterly consolidated balance sheet date.
1-2
Mizuho Financial Group, Inc.
2. Quarterly Consolidated Financial Statements and Others
(1) Consolidated Balance Sheets
Millions of yen | ||||
As of March 31, 2020 | As of June 30, 2020 | |||
Assets | ||||
Cash and Due from Banks | ¥ | 41,069,745 | ¥ | 39,575,631 |
Call Loans and Bills Purchased | 584,686 | 557,396 | ||
Receivables under Resale Agreements | 18,581,488 | 16,405,794 | ||
Guarantee Deposits Paid under Securities Borrowing Transactions | 2,243,161 | 2,115,294 | ||
Other Debt Purchased | 2,688,273 | 2,845,881 | ||
Trading Assets | 13,248,734 | 14,888,607 | ||
Money Held in Trust | 411,847 | 431,633 | ||
Securities | 34,907,234 | 39,354,461 | ||
Loans and Bills Discounted | 83,468,185 | 88,824,317 | ||
Foreign Exchange Assets | 2,044,415 | 1,839,879 | ||
Derivatives other than for Trading Assets | 1,944,060 | 1,390,369 | ||
Other Assets | 5,206,121 | 4,222,697 | ||
Tangible Fixed Assets | 1,103,622 | 1,099,406 | ||
Intangible Fixed Assets | 636,139 | 626,563 | ||
Net Defined Benefit Asset | 846,782 | 853,330 | ||
Deferred Tax Assets | 32,493 | 24,751 | ||
Customers' Liabilities for Acceptances and Guarantees | 6,066,527 | 6,011,025 | ||
Reserves for Possible Losses on Loans | (424,446) | (457,206) | ||
Total Assets | ¥ | 214,659,077 | ¥ | 220,609,837 |
1-3
Mizuho Financial Group, Inc. | ||||||
Millions of yen | ||||||
As of March 31, 2020 | As of June 30, 2020 | |||||
Liabilities | ||||||
Deposits | ¥ | 131,189,673 | ¥ | 136,697,880 | ||
Negotiable Certificates of Deposit | 13,282,561 | 13,558,843 | ||||
Call Money and Bills Sold | 2,263,076 | 1,963,757 | ||||
Payables under Repurchase Agreements | 17,971,098 | 18,045,730 | ||||
Guarantee Deposits Received under Securities Lending Transactions | 1,108,255 | 1,210,080 | ||||
Commercial Paper | 411,089 | 574,286 | ||||
Trading Liabilities | 9,604,890 | 9,286,120 | ||||
Borrowed Money | 5,209,947 | 7,643,540 | ||||
Foreign Exchange Liabilities | 509,405 | 460,435 | ||||
Short-term Bonds | 373,658 | 338,580 | ||||
Bonds and Notes | 8,906,432 | 8,923,840 | ||||
Due to Trust Accounts | 1,055,510 | 1,117,643 | ||||
Derivatives other than for Trading Liabilities | 1,619,151 | 1,271,638 | ||||
Other Liabilities | 6,111,195 | 4,494,786 | ||||
Reserve for Bonus Payments | 75,175 | 19,127 | ||||
Reserve for Variable Compensation | 2,559 | 3,350 | ||||
Net Defined Benefit Liability | 62,113 | 61,451 | ||||
Reserve for Director and Corporate Auditor Retirement Benefits | 944 | 623 | ||||
Reserve for Possible Losses on Sales of Loans | 637 | 231 | ||||
Reserve for Contingencies | 6,443 | 4,901 | ||||
Reserve for Reimbursement of Deposits | 27,851 | 26,387 | ||||
Reserve for Reimbursement of Debentures | 18,672 | 18,140 | ||||
Reserves under Special Laws | 2,509 | 2,506 | ||||
Deferred Tax Liabilities | 53,150 | 85,119 | ||||
Deferred Tax Liabilities for Revaluation Reserve for Land | 62,695 | 62,555 | ||||
Acceptances and Guarantees | 6,066,527 | 6,011,025 | ||||
Total Liabilities | ¥ | 205,995,229 | ¥ | 211,882,582 | ||
Net Assets | ||||||
Common Stock | ¥ | 2,256,767 | ¥ | 2,256,767 | ||
Capital Surplus | 1,136,467 | 1,136,467 | ||||
Retained Earnings | 4,174,190 | 4,167,459 | ||||
Treasury Stock | (6,414) | (6,072) | ||||
Total Shareholders' Equity | 7,561,010 | 7,554,621 | ||||
Net Unrealized Gains (Losses) on Other Securities | 823,085 | 956,353 | ||||
Deferred Gains or Losses on Hedges | 72,081 | 62,704 | ||||
Revaluation Reserve for Land | 136,655 | 137,834 | ||||
Foreign Currency Translation Adjustments | (133,178) | (179,847) | ||||
Remeasurements of Defined Benefit Plans | 94,317 | 89,949 | ||||
Total Accumulated Other Comprehensive Income | 992,960 | 1,066,993 | ||||
Stock Acquisition Rights | 213 | 134 | ||||
Non-controlling Interests | 109,662 | 105,505 | ||||
Total Net Assets | 8,663,847 | 8,727,255 | ||||
Total Liabilities and Net Assets | ¥ | 214,659,077 | ¥ | 220,609,837 | ||
1-4
Mizuho Financial Group, Inc.
-
Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
Millions of yen | ||||
For the three months ended | For the three months ended | |||
June 30, 2019 | June 30, 2020 | |||
Ordinary Income | ¥ | 988,825 | ¥ | 835,835 |
Interest Income | 528,821 | 366,276 | ||
Interest on Loans and Bills Discounted | 327,955 | 262,715 | ||
Interest and Dividends on Securities | 58,672 | 59,632 | ||
Fiduciary Income | 14,017 | 13,333 | ||
Fee and Commission Income | 176,539 | 196,531 | ||
Trading Income | 90,449 | 139,198 | ||
Other Operating Income | 122,732 | 87,768 | ||
Other Ordinary Income | 56,266 | 32,726 | ||
Ordinary Expenses | 768,975 | 660,414 | ||
Interest Expenses | 348,850 | 151,175 | ||
Interest on Deposits | 135,667 | 55,515 | ||
Fee and Commission Expenses | 42,064 | 39,728 | ||
Trading Expenses | 221 | 1,390 | ||
Other Operating Expenses | 19,687 | 41,257 | ||
General and Administrative Expenses | 328,430 | 340,468 | ||
Other Ordinary Expenses | 29,722 | 86,394 | ||
Ordinary Profits | 219,849 | 175,421 | ||
Extraordinary Gains | 910 | 2,834 | ||
Extraordinary Losses | 3,384 | 2,164 | ||
Income before Income Taxes | 217,375 | 176,092 | ||
Income Taxes: | ||||
Current | 54,908 | 48,588 | ||
Deferred | (3,635) | 4,955 | ||
Total Income Taxes | 51,273 | 53,544 | ||
Profit | 166,102 | 122,547 | ||
Profit Attributable to Non-controlling Interests | 3,663 | 172 | ||
Profit Attributable to Owners of Parent | ¥ | 162,438 | ¥ | 122,375 |
1-5
Mizuho Financial Group, Inc. | |||||
Consolidated Statements of Comprehensive Income | |||||
Millions of yen | |||||
For the three months ended | For the three months ended | ||||
June 30, 2019 | June 30, 2020 | ||||
Profit | ¥ | 166,102 | ¥ | 122,547 | |
Other Comprehensive Income | (71,780) | 70,078 | |||
Net Unrealized Gains (Losses) on Other Securities | (106,210) | 131,007 | |||
Deferred Gains or Losses on Hedges | 56,455 | (9,414) | |||
Foreign Currency Translation Adjustments | (11,401) | (45,327) | |||
Remeasurements of Defined Benefit Plans | (10,478) | (4,376) | |||
Share of Other Comprehensive Income of Associates Accounted | (145) | (1,811) | |||
for Using Equity Method | |||||
Comprehensive Income | 94,321 | 192,626 | |||
(Breakdown) | |||||
Comprehensive Income Attributable to Owners of Parent | 90,082 | 195,229 | |||
Comprehensive Income Attributable to Non-controlling Interests | 4,239 | (2,602) |
1-6
Mizuho Financial Group, Inc.
- Note for Assumption of Going Concern There is no applicable information.
- Note for Significant Changes in the Amount of Shareholders' Equity There is no applicable information.
1-7
SELECTED FINANCIAL INFORMATION
For the First Quarter of Fiscal 2020
(Under Japanese GAAP)
Mizuho Financial Group, Inc.
CONTENTS
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 2020 | 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 | NON | 2-6 | |
Hedge Accounting | ||||
5. | Status of Non Performing Loans based on 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) | 2-11 | |||
Comparison of Non-Consolidated Statements of Income (selected items) | 2-12 | |||
Mizuho Trust & Banking Co., Ltd. | ||||
Comparison of Non-Consolidated Balance Sheets (selected items) | 2-13 | |||
Comparison of Non-Consolidated Statements of Income (selected items) | 2-14 | |||
Mizuho Securities Co., Ltd. | ||||
Comparison of Non-Consolidated Balance Sheets (selected items) | 2-15 | |||
Comparison of Non-Consolidated Statements of Income (selected items) | 2-16 |
This immediate release contains statements that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including estimates, forecasts, targets and plans. Such forward-looking statements do not represent any guarantee by management of future performance.
In many cases, but not all, we use such words as "aim," "anticipate," "believe," "endeavor," "estimate," "expect," "intend," "may," "plan," "probability," "project," "risk," "seek," "should," "strive," "target" and similar expressions in relation to us or our management to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements reflect our current views with respect to future events and are subject to risks, uncertainties and assumptions.
We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: impact of the corona virus pandemic; incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline in our deferred tax assets; impairment of the carrying value of our long- lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our 5-Year 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.com/index.html and also at the SEC's web site at www.sec.gov.
We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange.
Mizuho Financial Group, Inc.
FINANCIAL INFORMATION FOR THE FIRST QUARTER OF FISCAL 2020
1. Income Analysis
Consolidated
(Billions of yen) | ||||||||
First Quarter of | Change | First Quarter of | ||||||
Fiscal 2020 | Fiscal 2019 | |||||||
1 | 569.5 | 47.8 | 521.7 | |||||
Consolidated Gross Profits | ||||||||
Net Interest Income | 2 | 215.1 | 35.1 | 179.9 | ||||
3 | 13.3 | (0.6) | 14.0 | |||||
Fiduciary Income | ||||||||
Credit Costs for Trust Accounts | 4 | - | - | - | ||||
Net Fee and Commission Income | 5 | 156.8 | 22.3 | 134.4 | ||||
Net Trading Income | 6 | 137.8 | 47.5 | 90.2 | ||||
Net Other Operating Income | 7 | 46.5 | (56.5) | 103.0 | ||||
General and Administrative Expenses | 8 | (340.4) | (12.0) | (328.4) | ||||
Expenses related to Portfolio Problems (including Reversal | 9 | (41.1) | (35.8) | (5.2) | ||||
of (Provision for) General Reserve for Losses on Loans) | ||||||||
Gains on Reversal of Reserves for Possible Losses on | 10 | 2.1 | (1.5) | 3.6 | ||||
Loans, and others | ||||||||
Net Gains (Losses) related to Stocks | 11 | (12.9) | (41.1) | 28.2 | ||||
Equity in Income from Investments in Affiliates | 12 | 5.8 | (5.5) | 11.4 | ||||
Other | 13 | (7.5) | 3.9 | (11.4) | ||||
Ordinary Profits | 14 | 175.4 | (44.4) | 219.8 | ||||
Net Extraordinary Gains (Losses) | 15 | 0.6 | 3.1 | (2.4) | ||||
Income before Income Taxes | 16 | 176.0 | (41.2) | 217.3 | ||||
Income Taxes | 17 | (53.5) | (2.2) | (51.2) | ||||
Profit | 18 | 122.5 | (43.5) | 166.1 | ||||
Profit Attributable to Non-controlling Interests | 19 | (0.1) | 3.4 | (3.6) | ||||
Profit Attributable to Owners of Parent | 20 | 122.3 | (40.0) | 162.4 | ||||
Credit-related Costs | ||||||||
21 | (39.0) | (37.3) | (1.6) | |||||
(including Credit Costs for Trust Accounts)
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 | 231.7 | 43.4 | 188.2 | |
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 | 130 | 11 | 119 | |
Number of affiliates under the equity method | 24 | 27 | 3 | 24 | |
2-1
Mizuho Financial Group, Inc.
Non-Consolidated
Aggregate Figures for the 2 Banks
(Billions of yen) | |||||||||||
First Quarter of Fiscal 2020 | First Quarter of | ||||||||||
Aggregate | |||||||||||
MHBK | MHTB | Change | Fiscal 2019 | ||||||||
Figures | |||||||||||
1 | 362.4 | 30.4 | 392.9 | 8.0 | 384.9 | ||||||
Gross Profits | |||||||||||
Net Interest Income | 2 | 184.2 | 6.7 | 191.0 | 28.0 | 162.9 | |||||
Fiduciary Income | 3 | 13.3 | 13.3 | (0.7) | 14.0 | ||||||
Trust Fees for Jointly Operated Designated Money Trust | 4 | 1.0 | 1.0 | (0.1) | 1.1 | ||||||
Credit Costs for Trust Accounts | 5 | - | - | - | - | ||||||
Net Fee and Commission Income | 6 | 100.4 | 5.6 | 106.0 | 12.2 | 93.8 | |||||
Net Trading Income | 7 | 53.0 | 0.1 | 53.2 | 18.4 | 34.7 | |||||
Net Other Operating Income | 8 | 24.7 | 4.5 | 29.2 | (49.9) | 79.1 | |||||
General and Administrative Expenses | 9 | (202.6) | (21.1) | (223.8) | (2.6) | (221.1) | |||||
(excluding Non-Recurring Losses) | |||||||||||
Net Business Profits (before Reversal of (Provision for) | 10 | 159.7 | 9.3 | 169.1 | 5.3 | 163.7 | |||||
General Reserve for Losses on Loans) (1) | |||||||||||
Net Business Profits (before Reversal of (Provision for) General | 11 | 123.4 | 4.8 | 128.2 | 27.7 | 100.5 | |||||
Reserve for Losses on Loans) from core business areas (2) | |||||||||||
Excluding Net Gains (Losses) from redemption of | 12 | 123.4 | 4.3 | 127.7 | 28.0 | 99.6 | |||||
Investment Trusts | |||||||||||
Reversal of (Provision for) General Reserve for Losses on Loans | 13 | (28.3) | (0.5) | (28.8) | (20.7) | (8.1) | |||||
Net Business Profits | 14 | 131.4 | 8.8 | 140.2 | (15.3) | 155.6 | |||||
Net Gains (Losses) related to Bonds | 15 | 36.2 | 4.5 | 40.8 | (22.4) | 63.2 | |||||
Net Non-Recurring Gains (Losses) | 16 | (72.0) | (1.0) | (73.1) | (104.7) | 31.6 | |||||
Net Gains (Losses) related to Stocks | 17 | (60.3) | (1.1) | (61.4) | (85.7) | 24.2 | |||||
Expenses related to Portfolio Problems | 18 | (12.5) | 0.0 | (12.5) | (16.3) | 3.7 | |||||
Gains on Reversal of Reserves for Possible Losses on Loans, and | 19 | 1.8 | - | 1.8 | 0.6 | 1.2 | |||||
others | |||||||||||
Other | 20 | (1.1) | 0.1 | (0.9) | (3.3) | 2.3 | |||||
Ordinary Profits | 21 | 59.3 | 7.7 | 67.1 | (120.1) | 187.2 | |||||
Net Extraordinary Gains (Losses) | 22 | 1.4 | (0.0) | 1.3 | 3.8 | (2.4) | |||||
Income before Income Taxes | 23 | 60.8 | 7.7 | 68.5 | (116.3) | 184.8 | |||||
Income Taxes | 24 | (32.1) | (2.3) | (34.5) | 11.8 | (46.4) | |||||
Net Income | 25 | 28.6 | 5.3 | 33.9 | (104.4) | 138.4 | |||||
- 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].
-
Net Business Profits (before Reversal of (Provision for) General Reverse for Losses on Loans) from core business areas[11]
=Net Business Profits (before Reversal of (Provision for) General Reverse for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15]
Credit-related Costs | 26 | (38.9) | (0.5) | (39.4) | (36.4) | (3.0) |
Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] | ||||||
+ Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] |
Reference: Breakdown of Credit-related Costs
Credit Costs for Trust Accounts | 27 | - | - | - | - | ||
Reversal of (Provision for) General Reserve for Losses on Loans | 28 | (28.3) | (0.5) | (28.8) | (20.7) | (8.1) | |
Losses on Write-offs of Loans | 29 | (4.3) | - | (4.3) | (1.3) | (3.0) | |
Reversal of (Provision for) Specific Reserve for Possible Losses | 30 | (6.7) | 0.0 | (6.7) | (15.0) | 8.3 | |
on Loans | |||||||
Reversal of (Provision for) Reserve for Possible Losses on | 31 | - | - | - | (0.0) | 0.0 | |
Loans to Restructuring Countries | |||||||
Reversal of (Provision for) Reserve for Contingencies | 32 | 0.5 | - | 0.5 | 0.7 | (0.1) | |
Other (including Losses on Sales of Loans) | 33 | (0.1) | - | (0.1) | 0.0 | (0.1) | |
Total | 34 | (38.9) | (0.5) | (39.4) | (36.4) | (3.0) |
2-2
Mizuho Financial Group, Inc. | |||||||||
2. Net Gains/Losses on Stocks | |||||||||
Consolidated | |||||||||
(Billions of yen) | |||||||||
First Quarter of | First Quarter of | ||||||||
Fiscal 2020 | Change | Fiscal 2019 | |||||||
Net Gains (Losses) related to Stocks | (12.9) | (41.1) | 28.2 | ||||||
Gains on Sales | 22.2 | (18.1) | 40.3 | ||||||
Losses on Sales | (16.0) | (8.9) | (7.0) | ||||||
Impairment (Devaluation) | (1.6) | 2.8 | (4.4) | ||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments | - | - | - | ||||||
Gains (Losses) on Derivatives other than for Trading | (17.5) | (16.9) | (0.5) | ||||||
Non-Consolidated | |||||||||
Aggregate Figures for the 2 Banks | First Quarter of | First Quarter of | |||||||
Fiscal 2020 | Change | Fiscal 2019 | |||||||
Net Gains (Losses) related to Stocks | (61.4) | (85.7) | 24.2 | ||||||
Gains on Sales | 18.2 | (17.1) | 35.4 | ||||||
Losses on Sales | (12.5) | (5.8) | (6.6) | ||||||
Impairment (Devaluation) | (49.4) | (45.4) | (4.0) | ||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments | (0.2) | (0.2) | - | ||||||
Gains (Losses) on Derivatives other than for Trading | (17.5) | (16.9) | (0.5) | ||||||
Mizuho Bank | First Quarter of | First Quarter of | |||||||
Fiscal 2020 | Change | Fiscal 2019 | |||||||
Net Gains (Losses) related to Stocks | (60.3) | (84.2) | 23.9 | ||||||
Gains on Sales | 14.1 | (20.0) | 34.2 | ||||||
Losses on Sales | (10.8) | (4.5) | (6.3) | ||||||
Impairment (Devaluation) | (49.4) | (45.5) | (3.9) | ||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments | (0.2) | (0.2) | - | ||||||
Gains (Losses) on Derivatives other than for Trading | (13.9) | (13.9) | (0.0) | ||||||
Mizuho Trust & Banking | First Quarter of | First Quarter of | |||||||
Fiscal 2020 | Change | Fiscal 2019 | |||||||
Net Gains (Losses) related to Stocks | (1.1) | (1.4) | 0.2 | ||||||
Gains on Sales | 4.0 | 2.8 | 1.2 | ||||||
Losses on Sales | (1.6) | (1.3) | (0.3) | ||||||
Impairment (Devaluation) | - | 0.0 | (0.0) | ||||||
Reversal of (Provision for) Reserve for Possible Losses on Investments | - | - | - | ||||||
Gains (Losses) on Derivatives other than for Trading | (3.5) | (3.0) | (0.5) | ||||||
2-3
Mizuho Financial Group, Inc.
3. Unrealized Gains/Losses on Securities
- Stocks and other securities without a market price and Investments in Partnerships are excluded.
Consolidated
(1) Other Securities
Book Value | |||||
(=Fair Value) | |||||
Other Securities | 37,837.3 | ||||
Japanese Stocks | 2,544.2 | ||||
MHFG | Japanese Bonds | 19,239.4 | |||
16,038.0 | |||||
(Consolidated) | Japanese | ||||
Government Bonds | |||||
Other | 16,053.7 | ||||
Foreign Bonds | 13,070.9 | ||||
(Billions of yen) | ||||||
As of June 30, 2020 | As of March 31, 2020 | |||||
Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | ||||
Gains | Losses | (=Fair Value) | Gains | Losses | ||
1,362.4 | 1,634.5 | 272.1 | 33,337.6 | 1,171.1 | 1,543.6 | 372.4 |
1,274.4 | 1,376.4 | 102.0 | 2,338.4 | 1,066.3 | 1,167.9 | 101.5 |
(63.5) | 24.4 | 87.9 | 15,702.5 | (54.1) | 30.0 | 84.1 |
(54.2) | 0.7 | 54.9 | 12,601.9 | (44.0) | 6.5 | 50.5 |
151.5 | 233.6 | 82.1 | 15,296.6 | 158.8 | 345.6 | 186.7 |
180.3 | 205.2 | 24.8 | 12,702.2 | 200.9 | 246.0 | 45.1 |
- 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.
-
As of June 30, 2020, fair value of securities is determined at the quoted market price if available, or other reasonable value at the consolidated balance sheet date.
As of March 31, 2020, 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 ¥(1.2) billion and ¥(5.1) billion, which were recognized in the statement of income for June 30, 2020 and March 31, 2020 respectively, by applying the fair-value hedge method.
(2) Bonds Held to Maturity
MHFG (Consolidated)
(Billions of yen) | |||||||
As of June 30, 2020 | As of March 31, 2020 | ||||||
Book Value | Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | ||||
Gains | Losses | Gains | Losses | ||||
833.1 | 13.7 | 14.3 | 0.5 | 860.2 | 15.0 | 15.4 | 0.3 |
Non-Consolidated | |||||||||
Aggregate Figures for the 2 Banks | |||||||||
(1) Other Securities | |||||||||
(Billions of yen) | |||||||||
As of June 30, 2020 | As of March 31, 2020 | ||||||||
Book Value | Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | ||||||
(=Fair Value) | Gains | Losses | (=Fair Value) | Gains | Losses | ||||
Other Securities | 36,263.9 | 1,258.6 | 1,474.2 | 215.5 | 31,816.7 | 1,033.5 | 1,393.5 | 359.9 | |
Japanese Stocks | 2,312.7 | 1,182.8 | 1,231.6 | 48.8 | 2,118.5 | 937.1 | 1,033.8 | 96.6 | |
Japanese Bonds | 18,909.9 | (63.8) | 23.6 | 87.5 | 15,413.2 | (55.6) | 28.4 | 84.0 | |
MHBK | Japanese | 15,808.5 | (53.7) | 0.7 | 54.5 | 12,406.8 | (44.9) | 5.6 | 50.5 |
Government Bonds | |||||||||
Other | 15,041.2 | 139.6 | 218.8 | 79.1 | 14,284.9 | 152.0 | 331.2 | 179.2 | |
Foreign Bonds | 12,440.3 | 168.8 | 193.5 | 24.6 | 11,916.9 | 188.3 | 233.2 | 44.8 | |
Other Securities | 978.1 | 77.2 | 88.8 | 11.6 | 911.8 | 63.4 | 78.1 | 14.6 | |
Japanese Stocks | 146.4 | 68.7 | 77.0 | 8.2 | 134.9 | 57.1 | 64.2 | 7.1 | |
Japanese Bonds | 306.7 | 0.2 | 0.7 | 0.4 | 262.3 | 1.5 | 1.5 | 0.0 | |
MHTB | Japanese | 215.1 | (0.4) | 0.0 | 0.4 | 178.1 | 0.9 | 0.9 | - |
Government Bonds | |||||||||
Other | 525.0 | 8.1 | 11.0 | 2.8 | 514.5 | 4.8 | 12.3 | 7.5 | |
Foreign Bonds | 314.5 | 9.2 | 9.3 | 0.1 | 443.8 | 11.2 | 11.5 | 0.2 | |
Other Securities | 37,242.1 | 1,335.9 | 1,563.1 | 227.2 | 32,728.5 | 1,097.0 | 1,471.7 | 374.6 | |
Japanese Stocks | 2,459.1 | 1,251.5 | 1,308.7 | 57.1 | 2,253.4 | 994.2 | 1,098.0 | 103.7 | |
Japanese Bonds | 19,216.6 | (63.5) | 24.4 | 87.9 | 15,675.5 | (54.1) | 30.0 | 84.1 | |
Total | Japanese | 16,023.6 | (54.2) | 0.7 | 54.9 | 12,585.0 | (44.0) | 6.5 | 50.5 |
Government Bonds | |||||||||
Other | 15,566.2 | 147.8 | 229.9 | 82.0 | 14,799.5 | 156.9 | 343.6 | 186.7 | |
Foreign Bonds | 12,754.9 | 178.0 | 202.9 | 24.8 | 12,360.7 | 199.6 | 244.7 | 45.1 |
- 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.
-
As of June 30, 2020, fair value of securities is determined at the quoted market price if available, or other reasonable value at the consolidated balance sheet date.
As of March 31, 2020, 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 ¥(1.2) billion and ¥(5.1) billion, which were recognized in the statement of income (aggregate figures for the 2 banks) for June 30, 2020 and March 31, 2020 respectively, by applying the fair-value hedge method.
2-4
Mizuho Financial Group, Inc.
(2) Bonds Held to Maturity | ||||||||
(Billions of yen) | ||||||||
As of June 30, 2020 | As of March 31, 2020 | |||||||
Book Value | Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | |||||
Gains | Losses | Gains | Losses | |||||
MHBK | 833.1 | 13.7 | 14.3 | 0.5 | 860.2 | 15.0 | 15.4 | 0.3 |
MHTB | - | - | - | - | - | - | - | - |
Total | 833.1 | 13.7 | 14.3 | 0.5 | 860.2 | 15.0 | 15.4 | 0.3 |
(3) Investments in Subsidiaries and Affiliates | ||||||||
(Billions of yen) | ||||||||
As of June 30, 2020 | As of March 31, 2020 | |||||||
Book Value | Unrealized Gains/Losses | Book Value | Unrealized Gains/Losses | |||||
Gains | Losses | Gains | Losses | |||||
MHBK | 135.7 | 197.4 | 198.0 | 0.6 | 135.7 | 151.8 | 153.7 | 1.8 |
MHTB | - | - | - | - | - | - | - | - |
Total | 135.7 | 197.4 | 198.0 | 0.6 | 135.7 | 151.8 | 153.7 | 1.8 |
(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 amounts are as follows:
Consolidated
(Billions of yen) | |||||||
As of June 30, 2020 | As of | ||||||
March 31, 2020 | |||||||
Unrealized Gains/Losses | Unrealized | ||||||
Change | Gains/Losses | ||||||
Other Securities | 1,363.6 | 187.3 | 1,176.3 | ||||
Japanese Stocks | 1,275.6 | 204.1 | 1,071.5 | ||||
Japanese Bonds | (63.5) | (9.4) | (54.1) | ||||
Japanese Government Bonds | (54.2) | (10.1) | (44.0) | ||||
Other | 151.5 | (7.3) | 158.8 | ||||
Foreign Bonds | 180.3 | (20.6) | 200.9 | ||||
Non-Consolidated
Aggregate Figures for the 2 Banks
(Billions of yen) | |||||||
As of June 30, 2020 | As of | ||||||
March 31, 2020 | |||||||
Unrealized Gains/Losses | Unrealized | ||||||
Change | Gains/Losses | ||||||
Other Securities | 1,337.1 | 234.9 | 1,102.2 | ||||
Japanese Stocks | 1,252.8 | 253.3 | 999.4 | ||||
Japanese Bonds | (9.4) | (54.1) | |||||
(63.5) | |||||||
Japanese Government Bonds | (54.2) | (10.1) | (44.0) | ||||
Other | (9.0) | 156.9 | |||||
147.8 | |||||||
Foreign Bonds | 178.0 | (21.6) | 199.6 | ||||
2-5
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, 2020 | As of March 31, 2020 | |||||||||
Deferred Hedge Gains/Losses | Deferred Hedge Gains/Losses | |||||||||
Gains | Losses | Gains | Losses | |||||||
MHBK | 1,275.2 | 1,184.1 | 91.0 | 1,321.4 | 1,217.3 | 104.1 | ||||
MHTB | 72.7 | 80.2 | (7.5) | 75.1 | 81.8 | (6.6) | ||||
Total | 1,347.9 | 1,264.4 | 83.5 | 1,396.6 | 1,299.1 | 97.4 |
Note: Above figures reflect all derivative transactions qualifying for hedge accounting, and are before net of applicable income taxes.
2-6
Mizuho Financial Group, Inc.
5. Status of Non Performing Loans based on the Financial Reconstruction Act ("FRA")
Consolidated
(Billions of yen) | |||||
As of | As of | ||||
June 30, 2020 | Change | March 31, 2020 | |||
Claims against Bankrupt and Substantially | |||||
77.6 | 18.4 | 59.2 | |||
Bankrupt Obligors | |||||
Claims with Collection Risk | 382.4 | (1.2) | 383.7 | ||
Claims for Special Attention | 315.2 | 57.3 | 257.8 | ||
Sub-total[1] | 775.3 | 74.5 | 700.8 | ||
Normal Claims | 97,647.0 | 4,985.7 | 92,661.2 | ||
Total[2] | 98,422.4 | 5,060.3 | 93,362.1 | ||
(%) | |||||
NPL ratio[1]/[2] | 0.78 | 0.03 | 0.75 | ||
Above figures are presented net of partial direct write-offs.
Trust Account
As of | |||
June 30, 2020 | |||
Claims against Bankrupt and Substantially | |||
- | |||
Bankrupt Obligors | |||
Claims with Collection Risk | - | ||
Claims for Special Attention | - | ||
Sub-total[3] | - | ||
Normal Claims | 5.8 | ||
Total[4] | 5.8 | ||
NPL ratio[3]/[4] | - | ||
Consolidated + Trust Account | |||
As of | |||
June 30, 2020 | |||
Claims against Bankrupt and Substantially | |||
77.6 | |||
Bankrupt Obligors | |||
Claims with Collection Risk | 382.4 | ||
Claims for Special Attention | 315.2 | ||
Sub-total[5] | 775.3 | ||
Normal Claims | 97,652.9 | ||
Total[6] | 98,428.3 | ||
NPL ratio[5]/[6] | 0.78 | ||
Trust account represents trust accounts that guarantee principals in the agreement.
(Billions of yen) | |
As of | |
Change | March 31, 2020 |
- | - |
- | - |
- | - |
- | - |
(2.9) | 8.7 |
(2.9) | 8.7 |
(%) | |
- | - |
(Billions of yen) | |
As of | |
Change | March 31, 2020 |
18.4 | 59.2 |
(1.2) | 383.7 |
57.3 | 257.8 |
74.5 | 700.8 |
4,982.8 | 92,670.0 |
5,057.4 | 93,370.9 |
(%) | |
0.03 | 0.75 |
2-7
Mizuho Financial Group, Inc. | ||||||||
Non-Consolidated | ||||||||
Aggregate Figures for the 2 Banks | ||||||||
(Banking Account + Trust Account) | ||||||||
(Billions of yen) | ||||||||
As of | As of | |||||||
June 30, 2020 | Change | March 31, 2020 | ||||||
Claims against Bankrupt and Substantially | 69.1 | 18.0 | 51.0 | |||||
Bankrupt Obligors | ||||||||
Claims with Collection Risk | 381.7 | (4.7) | 386.5 | |||||
Claims for Special Attention | 276.8 | 53.3 | 223.4 | |||||
Sub-total[1] | 727.7 | 66.7 | 661.0 | |||||
Normal Claims | 98,633.7 | 4,742.8 | 93,890.9 | |||||
Total[2] | 99,361.5 | 4,809.5 | 94,551.9 | |||||
(%) | ||||||||
NPL ratio[1]/[2] | 0.73 | 0.03 | 0.69 | |||||
Above figures are presented net of partial direct write-offs. | ||||||||
Mizuho Bank | ||||||||
(Billions of yen) | ||||||||
Claims against Bankrupt and Substantially | ||||||||
68.7 | 18.1 | 50.6 | ||||||
Bankrupt Obligors | ||||||||
Claims with Collection Risk | 377.9 | (4.7) | 382.7 | |||||
Claims for Special Attention | 275.4 | 53.1 | 222.3 | |||||
Sub-total[3] | 722.1 | 66.4 | 655.6 | |||||
Normal Claims | 95,006.0 | 4,502.9 | 90,503.0 | |||||
Total[4] | 95,728.1 | 4,569.4 | 91,158.7 | |||||
(%) | ||||||||
NPL ratio[3]/[4] | 0.75 | 0.03 | 0.71 | |||||
Above figures are presented net of partial direct write-offs. | ||||||||
Mizuho Trust & Banking | ||||||||
(Banking Account) | ||||||||
(Billions of yen) | ||||||||
Claims against Bankrupt and Substantially | ||||||||
0.4 | (0.0) | 0.4 | ||||||
Bankrupt Obligors | ||||||||
Claims with Collection Risk | 3.8 | 0.0 | 3.7 | |||||
Claims for Special Attention | 1.4 | 0.2 | 1.1 | |||||
Sub-total[5] | 5.6 | 0.2 | 5.3 | |||||
Normal Claims | 3,621.8 | 242.7 | 3,379.1 | |||||
Total[6] | 3,627.5 | 243.0 | 3,384.4 | |||||
(%) | ||||||||
NPL ratio[5]/[6] | 0.15 | (0.00) | 0.15 | |||||
Above figures are presented net of partial direct write-offs. | ||||||||
(Trust Account) | ||||||||
(Billions of yen) | ||||||||
Claims against Bankrupt and Substantially | ||||||||
- | - | - | ||||||
Bankrupt Obligors | ||||||||
Claims with Collection Risk | - | - | - | |||||
Claims for Special Attention | - | - | - | |||||
Sub-total[7] | - | - | - | |||||
Normal Claims | 5.8 | (2.9) | 8.7 | |||||
Total[8] | 5.8 | (2.9) | 8.7 | |||||
(%) | ||||||||
NPL ratio[7]/[8] | - | - | - | |||||
Trust account represents trust accounts that guarantee principals in the agreement. |
2-8
Mizuho Financial Group, Inc.
6. Status of Deposits and Loans
Non-Consolidated | |||||
(1)-1 Deposits | |||||
(Billions of yen) | |||||
Aggregate Figures for the 2 Banks | As of | As of | |||
June 30, 2020 | Change | March 31, 2020 | |||
MHBK | 131,806.7 | 5,469.6 | 126,337.0 | ||
MHTB | 3,122.5 | 26.2 | 3,096.2 | ||
Total | 134,929.2 | 5,495.9 | 129,433.3 | ||
(1)-2 Domestic Deposits | |||||
(Billions of yen) | |||||
Aggregate Figures for the 2 Banks | As of | As of | |||
June 30, 2020 | Change | March 31, 2020 | |||
MHBK | 109,474.0 | 5,694.1 | 103,779.8 | ||
Individual deposits | 45,677.1 | 1,516.8 | 44,160.3 | ||
MHTB | 3,122.5 | 26.2 | 3,096.2 | ||
867.8 | 9.6 | 858.2 | |||
Individual deposits | |||||
Total | 112,596.5 | 5,720.3 | 106,876.1 | ||
Individual deposits | 46,545.0 | 1,526.4 | 45,018.6 | ||
Note: Above figures do not include deposits booked at overseas offices and offshore deposits. | |||||
(2) Loans and Bills Discounted | |||||
(Billions of yen) | |||||
Aggregate Figures for the 2 Banks | As of | As of | |||
June 30, 2020 | Change | March 31, 2020 | |||
MHBK | 85,753.4 | 4,882.1 | 80,871.2 | ||
MHTB | 3,609.1 | 241.6 | 3,367.4 | ||
Total | 89,362.5 | 5,123.8 | 84,238.7 | ||
Note: Loans to MHFG are included as follows: |
As of June 30, 2020: ¥790.0 billion (from MHBK)
As of March 31, 2020: ¥860.0 billion (from MHBK)
2-9
Mizuho Financial Group, Inc.
(%) | |||||
Mizuho Bank | First Quarter of | First Quarter of | |||
Fiscal 2020 | Change | Fiscal 2019 | |||
(For the three months) | (For the three months) | ||||
Return on Loans and Bills Discounted | 1 | 0.72 | (0.05) | 0.77 | |
Cost of Deposits | 2 | 0.00 | (0.00) | 0.00 | |
Loan and Deposit Rate Margin [1]-[2] | 3 | 0.71 | (0.05) | 0.77 | |
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 | 0.74 | (0.05) | 0.80 | |
Loan and Deposit Rate Margin [4]-[2] | 5 | 0.74 | (0.05) | 0.79 | |
(%) | |||||
Mizuho Trust & Banking | First Quarter of | First Quarter of | |||
Fiscal 2020 | Change | Fiscal 2019 | |||
(For the three months) | (For the three months) | ||||
Return on Loans and Bills Discounted | 6 | 0.58 | (0.01) | 0.59 | |
Cost of Deposits | 7 | 0.01 | (0.00) | 0.01 | |
Loan and Deposit Rate Margin [6]-[7] | 8 | 0.56 | (0.01) | 0.58 | |
Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). 2. Deposits include NCDs.
(0.01)
(0.01)
(Reference) | ||||||
(%) | ||||||
Aggregate Figures for the 2 Banks | First Quarter of | First Quarter of | ||||
Fiscal 2020 | Change | Fiscal 2019 | ||||
(For the three months) | (For the three months) | |||||
Return on Loans and Bills Discounted | 11 | 0.71 | (0.05) | 0.76 | ||
Cost of Deposits | 12 | 0.00 | (0.00) | 0.00 | ||
Loan and Deposit Rate Margin [11]-[12] | 13 | 0.71 | (0.05) | 0.76 | ||
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 | 0.73 | (0.05) | 0.79 | ||
Loan and Deposit Rate Margin [14]-[12] | 15 | 0.73 | (0.05) | 0.78 | ||
2-10
Mizuho Bank, Ltd.
(Attachments)
COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)
OF MIZUHO BANK
Millions of yen | |||||||
As of | As of | Change | |||||
June 30, | March 31, | ||||||
(A) - (B) | |||||||
2020 (A) | 2020 (B) | ||||||
Assets | |||||||
Cash and Due from Banks | ¥ | 37,895,798 | ¥ | 38,833,234 | ¥ | (937,436) | |
Call Loans | 899,527 | 958,359 | (58,832) | ||||
Receivables under Resale Agreements | 7,358,053 | 8,599,865 | (1,241,811) | ||||
Guarantee Deposits Paid under Securities Borrowing Transactions | 118,226 | 122,001 | (3,774) | ||||
Other Debt Purchased | 469,285 | 430,330 | 38,955 | ||||
Trading Assets | 5,115,130 | 5,013,413 | 101,717 | ||||
Money Held in Trust | 503 | 503 | 0 | ||||
Securities | 38,946,280 | 34,372,765 | 4,573,515 | ||||
Loans and Bills Discounted | 85,753,444 | 80,871,269 | 4,882,175 | ||||
Foreign Exchange Assets | 1,782,247 | 1,966,593 | (184,345) | ||||
Derivatives other than for Trading | 4,631,431 | 5,164,666 | (533,234) | ||||
Other Assets | 2,868,825 | 2,939,258 | (70,433) | ||||
Tangible Fixed Assets | 829,287 | 843,058 | (13,771) | ||||
Intangible Fixed Assets | 357,260 | 357,432 | (171) | ||||
Prepaid Pension Cost | 566,042 | 556,273 | 9,768 | ||||
Deferred Tax Assets | 7,526 | 36,950 | (29,423) | ||||
Customers' Liabilities for Acceptances and Guarantees | 6,442,312 | 6,535,786 | (93,473) | ||||
Reserves for Possible Losses on Loans | (417,836) | (385,129) | (32,707) | ||||
Reserve for Possible Losses on Investments | (2,659) | (2,458) | (200) | ||||
Total Assets | ¥ | 193,620,689 | ¥ | 187,214,174 | ¥ | 6,406,515 | |
Liabilities | |||||||
Deposits | ¥ | 131,806,718 | ¥ | 126,337,030 | ¥ | 5,469,688 | |
Negotiable Certificates of Deposit | 13,026,106 | 12,706,349 | 319,757 | ||||
Call Money | 1,266,863 | 1,213,576 | 53,287 | ||||
Payables under Repurchase Agreements | 6,863,527 | 7,469,615 | (606,087) | ||||
Guarantee Deposits Received under Securities Lending Transactions | 308,091 | 276,869 | 31,222 | ||||
Commercial Paper | 574,286 | 411,089 | 163,197 | ||||
Trading Liabilities | 3,663,572 | 3,795,423 | (131,851) | ||||
Borrowed Money | 13,967,853 | 11,394,924 | 2,572,929 | ||||
Foreign Exchange Liabilities | 615,070 | 716,394 | (101,324) | ||||
Bonds and Notes | 1,074,305 | 1,100,670 | (26,365) | ||||
Derivatives other than for Trading | 4,519,969 | 4,843,165 | (323,195) | ||||
Other Liabilities | 2,314,940 | 3,175,327 | (860,387) | ||||
Reserve for Bonus Payments | 327 | 19,841 | (19,513) | ||||
Reserve for Variable Compensation | 1,042 | 765 | 276 | ||||
Reserve for Possible Losses on Sales of Loans | 231 | 637 | (406) | ||||
Reserve for Contingencies | 1,157 | 1,770 | (612) | ||||
Reserve for Reimbursement of Deposits | 24,546 | 25,943 | (1,397) | ||||
Reserve for Reimbursement of Debentures | 18,140 | 18,672 | (532) | ||||
Deferred Tax Liabilities for Revaluation Reserve for Land | 62,555 | 62,695 | (140) | ||||
Acceptances and Guarantees | 6,442,312 | 6,535,786 | (93,473) | ||||
Total Liabilities | 186,551,622 | 180,106,550 | 6,445,071 | ||||
Net Assets | |||||||
Common Stock and Preferred Stock | 1,404,065 | 1,404,065 | - | ||||
Capital Surplus | 2,286,167 | 2,286,328 | (161) | ||||
Capital Reserve | 655,450 | 655,418 | 32 | ||||
Other Capital Surplus | 1,630,716 | 1,630,910 | (194) | ||||
Retained Earnings | 2,273,784 | 2,472,640 | (198,856) | ||||
Appropriated Reserve | 353,908 | 315,177 | 38,731 | ||||
Other Retained Earnings | 1,919,875 | 2,157,463 | (237,587) | ||||
Retained Earnings Brought Forward | 1,919,875 | 2,157,463 | (237,587) | ||||
Total Shareholders' Equity | 5,964,016 | 6,163,034 | (199,017) | ||||
Net Unrealized Gains (Losses) on Other Securities, net of Taxes | 904,597 | 736,239 | 168,358 | ||||
Net Deferred Hedge Gains (Losses), net of Taxes | 62,618 | 71,693 | (9,074) | ||||
Revaluation Reserve for Land, net of Taxes | 137,834 | 136,655 | 1,178 | ||||
Total Valuation and Translation Adjustments | 1,105,050 | 944,588 | 160,461 | ||||
Total Net Assets | 7,069,067 | 7,107,623 | (38,556) | ||||
Total Liabilities and Net Assets | ¥ | 193,620,689 | ¥ | 187,214,174 | ¥ | 6,406,515 |
2-11
Mizuho Bank, Ltd.
COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME (selected items) OF MIZUHO BANK
Millions of yen | ||||||
For the three months | For the three months | Change | ||||
ended June 30, 2020 | ended June 30, 2019 | |||||
(A) - (B) | ||||||
(A) | (B) | |||||
Ordinary Income | ¥ | 567,428 | ¥ | 697,946 | ¥ | (130,517) |
Interest Income | 313,839 | 433,001 | (119,162) | |||
Interest on Loans and Bills Discounted | 232,261 | 295,113 | (62,851) | |||
Interest and Dividends on Securities | 55,352 | 61,657 | (6,305) | |||
Fee and Commission Income | 124,301 | 112,264 | 12,037 | |||
Trading Income | 53,427 | 34,564 | 18,862 | |||
Other Operating Income | 58,547 | 81,328 | (22,780) | |||
Other Ordinary Income | 17,312 | 36,787 | (19,474) | |||
Ordinary Expenses | 508,058 | 523,372 | (15,313) | |||
Interest Expenses | 129,591 | 276,370 | (146,778) | |||
Interest on Deposits | 48,705 | 127,227 | (78,522) | |||
Fee and Commission Expenses | 23,851 | 24,019 | (167) | |||
Trading Expenses | 382 | - | 382 | |||
Other Operating Expenses | 33,838 | 8,815 | 25,023 | |||
General and Administrative Expenses | 198,302 | 187,852 | 10,450 | |||
Other Ordinary Expenses | 122,090 | 26,314 | 95,776 | |||
Ordinary Profits | 59,370 | 174,574 | (115,203) | |||
Extraordinary Gains | 2,830 | 0 | 2,829 | |||
Extraordinary Losses | 1,388 | 3,290 | (1,902) | |||
Income before Income Taxes | 60,812 | 171,283 | (110,471) | |||
Income Taxes: | ||||||
Current | 35,335 | 45,756 | (10,420) | |||
Deferred | (3,143) | (3,462) | 318 | |||
Net Income | ¥ | 28,620 | ¥ | 128,990 | ¥ | (100,369) |
2-12
Mizuho Trust & Banking Co., Ltd.
COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)
OF MIZUHO TRUST & BANKING
Millions of yen | |||||||
As of | As of | Change | |||||
June 30, | March 31, | ||||||
(A) - (B) | |||||||
2020 (A) | 2020 (B) | ||||||
Assets | |||||||
Cash and Due from Banks | ¥ | 1,448,866 | ¥ | 1,766,799 | ¥ | (317,932) | |
Call Loans | 16,691 | 14,678 | 2,013 | ||||
Guarantee Deposits Paid under Securities Borrowing Transactions | 10,139 | 198,053 | (187,914) | ||||
Other Debt Purchased | 172,939 | 32,493 | 140,445 | ||||
Trading Assets | 162,433 | 169,750 | (7,317) | ||||
Money Held in Trust | 7,738 | 7,125 | 612 | ||||
Securities | 882,969 | 958,624 | (75,654) | ||||
Loans and Bills Discounted | 3,609,127 | 3,367,475 | 241,651 | ||||
Foreign Exchange Assets | 8,070 | 7,865 | 204 | ||||
Other Assets | 338,983 | 359,752 | (20,768) | ||||
Tangible Fixed Assets | 86,523 | 86,705 | (181) | ||||
Intangible Fixed Assets | 29,489 | 30,529 | (1,040) | ||||
Prepaid Pension Cost | 67,676 | 65,759 | 1,916 | ||||
Customers' Liabilities for Acceptances and Guarantees | 16,333 | 14,755 | 1,577 | ||||
Reserves for Possible Losses on Loans | (4,211) | (3,689) | (522) | ||||
Total Assets | ¥ | 6,853,771 | ¥ | 7,076,682 | ¥ | (222,910) | |
Liabilities | |||||||
Deposits | ¥ | 3,122,515 | ¥ | 3,096,295 | ¥ | 26,219 | |
Negotiable Certificates of Deposit | 547,480 | 664,780 | (117,300) | ||||
Call Money | 609,637 | 807,706 | (198,069) | ||||
Guarantee Deposits Received under Securities Lending Transactions | 414,423 | 289,789 | 124,633 | ||||
Trading Liabilities | 164,601 | 170,146 | (5,545) | ||||
Borrowed Money | 253,265 | 255,860 | (2,595) | ||||
Foreign Exchange Liabilities | - | 23 | (23) | ||||
Bonds and Notes | 10,000 | 10,000 | - | ||||
Due to Trust Accounts | 1,117,643 | 1,055,510 | 62,132 | ||||
Other Liabilities | 31,911 | 142,457 | (110,546) | ||||
Reserve for Bonus Payments | - | 2,153 | (2,153) | ||||
Reserve for Variable Compensation | 474 | 368 | 106 | ||||
Reserve for Reimbursement of Deposits | 1,840 | 1,907 | (66) | ||||
Deferred Tax Liabilities | 8,108 | 3,220 | 4,887 | ||||
Acceptances and Guarantees | 16,333 | 14,755 | 1,577 | ||||
Total Liabilities | 6,298,234 | 6,514,977 | (216,742) | ||||
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 | 238,003 | 253,465 | (15,461) | ||||
Appropriated Reserve | 45,647 | 41,484 | 4,163 | ||||
Other Retained Earnings | 192,356 | 211,980 | (19,624) | ||||
Retained Earnings Brought Forward | 192,356 | 211,980 | (19,624) | ||||
Total Shareholders' Equity | 500,878 | 516,339 | (15,461) | ||||
Net Unrealized Gains (Losses) on Other Securities, net of Taxes | 59,882 | 49,981 | 9,901 | ||||
Net Deferred Hedge Gains (Losses), net of Taxes | (5,224) | (4,615) | (608) | ||||
Total Valuation and Translation Adjustments | 54,658 | 45,365 | 9,292 | ||||
Total Net Assets | 555,537 | 561,705 | (6,168) | ||||
Total Liabilities and Net Assets | ¥ | 6,853,771 | ¥ | 7,076,682 | ¥ | (222,910) | |
2-13
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 | For the three months | Change | ||||
ended June 30, 2020 | ended June 30, 2019 | |||||
(A) - (B) | ||||||
(A) | (B) | |||||
Ordinary Income | ¥ | 46,462 | ¥ | 47,453 | ¥ | (990) |
Fiduciary Income | 13,388 | 14,096 | (708) | |||
Interest Income | 9,170 | 9,650 | (479) | |||
Interest on Loans and Bills Discounted | 5,706 | 6,370 | (663) | |||
Interest and Dividends on Securities | 3,029 | 2,683 | 345 | |||
Fee and Commission Income | 14,543 | 14,797 | (254) | |||
Trading Income | 168 | 221 | (53) | |||
Other Operating Income | 4,883 | 7,247 | (2,363) | |||
Other Ordinary Income | 4,308 | 1,439 | 2,869 | |||
Ordinary Expenses | 38,696 | 34,750 | 3,945 | |||
Interest Expenses | 2,389 | 3,306 | (916) | |||
Interest on Deposits | 103 | 199 | (95) | |||
Fee and Commission Expenses | 8,915 | 9,171 | (255) | |||
Trading Expenses | - | 0 | (0) | |||
Other Operating Expenses | 353 | 580 | (227) | |||
General and Administrative Expenses | 20,713 | 19,394 | 1,318 | |||
Other Ordinary Expenses | 6,324 | 2,298 | 4,026 | |||
Ordinary Profits | 7,766 | 12,702 | (4,935) | |||
Extraordinary Gains | - | 907 | (907) | |||
Extraordinary Losses | 50 | 63 | (13) | |||
Income before Income Taxes | 7,716 | 13,546 | (5,829) | |||
Income Taxes: | ||||||
Current | 1,060 | 2,874 | (1,814) | |||
Deferred | 1,301 | 1,251 | 50 | |||
Net Income | ¥ | 5,354 | ¥ | 9,420 | ¥ | (4,065) |
2-14
Mizuho Securities Co., Ltd.
COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)
OF MIZUHO SECURITIES
Millions of yen | |||||||
As of | As of | Change | |||||
June 30, | March 31, | ||||||
(A) - (B) | |||||||
2020 (A) | 2020 (B) | ||||||
Assets | |||||||
Current Assets | |||||||
Cash and Bank Deposits | ¥ | 372,564 | ¥ | 533,288 | ¥ | (160,724) | |
Cash Segregated as Deposits for Customers and Others | 406,089 | 387,043 | 19,046 | ||||
Trading Assets | 7,473,818 | 6,461,814 | 1,012,003 | ||||
Operating Investment Securities | 35,217 | 33,430 | 1,787 | ||||
Receivables Related to Margin Transactions | 25,741 | 22,055 | 3,685 | ||||
Collateralized Short-Term Financing Agreements-Receivable | 4,270,578 | 4,296,231 | (25,653) | ||||
Advances Paid | 50 | 579 | (528) | ||||
Securities: Fail to Deliver | 10,723 | 12,971 | (2,248) | ||||
Short-Term Loans Receivable | 33,639 | 37,298 | (3,658) | ||||
Other Current Assets | 526,306 | 595,830 | (69,523) | ||||
Less: Allowance for Doubtful Accounts | (10) | (7) | (3) | ||||
Noncurrent Assets | |||||||
Property and Equipment | 20,712 | 11,196 | 9,515 | ||||
Intangible Assets | 59,313 | 61,637 | (2,324) | ||||
Investments and Other Assets | 307,185 | 302,584 | 4,601 | ||||
Total Assets | ¥ | 13,541,931 | ¥ | 12,755,956 | ¥ | 785,975 | |
Liabilities | |||||||
Current Liabilities | |||||||
Trading Liabilities | ¥ | 5,220,103 | ¥ | 5,032,193 | ¥ | 187,910 | |
Payables - Unsettled Trades | 262,947 | 61,668 | 201,279 | ||||
Payables Related to Margin Transactions | 49,149 | 47,395 | 1,753 | ||||
Collateralized Short-Term Financing Agreements-Payable | 4,424,492 | 3,660,235 | 764,256 | ||||
Deposits Received | 380,272 | 350,409 | 29,863 | ||||
Guarantee Deposits Received | 362,848 | 370,607 | (7,758) | ||||
Securities: Fail to Receive | 1,167 | 2,029 | (861) | ||||
Short-Term Borrowings | 717,133 | 1,035,215 | (318,081) | ||||
Commercial Paper | 299,000 | 319,000 | (20,000) | ||||
Bonds and Notes Due within One Year | 150,449 | 137,358 | 13,090 | ||||
Income Taxes Payable | 1,140 | 3,022 | (1,882) | ||||
Accrued Employees' Bonuses | 4,037 | 13,531 | (9,494) | ||||
Provision for Variable Compensation | 1,021 | 816 | 204 | ||||
Provision for Bonus Point Redemption | 137 | 487 | (350) | ||||
Other Current Liabilities | 28,109 | 53,465 | (25,355) | ||||
Noncurrent Liabilities | |||||||
Bonds and Notes | 573,817 | 620,079 | (46,261) | ||||
Long-Term Borrowings | 137,400 | 135,600 | 1,800 | ||||
Provision for Retirement Benefits | 20,062 | 19,828 | 234 | ||||
Other Noncurrent Liabilities | 2,962 | 2,111 | 850 | ||||
Statutory Reserves | |||||||
Reserve for Financial Instruments Transaction Liabilities | 2,506 | 2,509 | (3) | ||||
Total Liabilities | 12,638,759 | 11,867,565 | 771,193 | ||||
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 | 381,292 | 371,261 | 10,030 | ||||
Other Retained Earnings | 381,292 | 371,261 | 10,030 | ||||
Retained Earnings Brought Forward | 381,292 | 371,261 | 10,030 | ||||
Total Shareholders' Equity | 888,108 | 878,078 | 10,030 | ||||
Net Unrealized Gains on (Operating) Investment Securities, | 24,830 | 20,066 | 4,764 | ||||
net of Tax | |||||||
Net Deferred Gains or Losses on Hedges, net of Tax | (9,766) | (9,754) | (12) | ||||
Total Valuation and Translation Adjustments | 15,063 | 10,312 | 4,751 | ||||
Total Net Assets | 903,172 | 888,390 | 14,782 | ||||
Total Liabilities and Net Assets | ¥ | 13,541,931 | ¥ | 12,755,956 | ¥ | 785,975 |
2-15
Mizuho Securities Co., Ltd.
COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME (selected items) OF MIZUHO SECURITIES
Millions of yen | ||||||
For the three months | For the three months | Change | ||||
ended June 30, 2020 | ended June 30, 2019 | |||||
(A) - (B) | ||||||
(A) | (B) | |||||
Operating Revenues | ¥ | 83,434 | ¥ | 74,896 | ¥ | 8,537 |
Commissions | 39,308 | 34,070 | 5,238 | |||
Net Gain on Trading | 28,761 | 20,401 | 8,360 | |||
Net Gain on Operating Investment Securities | 305 | 1,293 | (987) | |||
Interest and Dividend Income | 15,058 | 19,132 | (4,074) | |||
Interest Expenses | 11,666 | 16,759 | (5,093) | |||
Net Operating Revenues | 71,768 | 58,137 | 13,630 | |||
Selling, General and Administrative Expenses | 58,966 | 55,177 | 3,789 | |||
Transaction-Related Expenses | 15,512 | 12,635 | 2,877 | |||
Personnel Expenses | 21,778 | 19,418 | 2,359 | |||
Real Estate Expenses | 5,225 | 6,040 | (814) | |||
Administrative Expenses | 9,524 | 10,366 | (842) | |||
Depreciation and Amortization | 5,045 | 4,561 | 484 | |||
Taxes and Dues | 1,237 | 1,264 | (27) | |||
Provision of Allowance for Doubtful Accounts | (3) | (20) | 16 | |||
Other | 645 | 909 | (264) | |||
Operating Income | 12,801 | 2,960 | 9,841 | |||
Non-Operating Income | 2,632 | 2,863 | (231) | |||
Non-Operating Expenses | 32 | 57 | (24) | |||
Ordinary Income | 15,401 | 5,766 | 9,634 | |||
Extraordinary Gain | 6,655 | 181 | 6,473 | |||
Extraordinary Loss | 740 | 261 | 479 | |||
Income before Income Taxes | 21,315 | 5,686 | 15,629 | |||
Income Taxes: | ||||||
Current | 136 | 34 | 102 | |||
Deferred | 3,591 | 934 | 2,656 | |||
Net Income | ¥ | 17,587 | ¥ | 4,717 | ¥ | 12,870 |
2-16
Attachments
- Original document
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Disclaimer
Mizuho Financial Group Inc. published this content on 31 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2020 06:35:04 UTC