FY22 Q1 Financial Results (Under Japanese GAAP)

July 29, 2022

This presentation contains statements that constitute forward-looking statements including estimates, forecasts, targets and plans. These statements reflect our current views with respect to future events and are subject to risks, uncertainties and assumptions. Such forward- looking statements do not represent any guarantee of future performance by management.

Further information regarding factors that could affect our financial condition and results of operations is included in our most recent Form 20-F and our report on Form 6-K.

Abbreviations

Foreign exchange rate

FG : Mizuho Financial Group, Inc.

RBC : Retail & Business Banking Company

Management accounting

Financial accounting (TTM at the respective

BK : Mizuho Bank, Ltd.

CIC : Corporate & Institutional Company

period end)

Planned rate

Jun-21

Mar-22

Jun-22

TB : Mizuho Trust & Banking Co., Ltd.

GCC : Global Corporate Company

USD/JPY

127.00

USD/JPY

110.61

122.41

136.69

SC : Mizuho Securities Co., Ltd.

GMC : Global Markets Company

AM-One : Asset Management One Co., Ltd

AMC : Asset Management Company

EUR/JPY

131.63

136.77

142.65

EUR/JPY

140.97

Definitions

Consolidated Net Business Profits:

Consolidated Gross Profits - G&A Expenses (excl. Non-Recurring Losses) + Equity in Income from

Investments in Affiliates and certain other consolidation adjustments

Net Gains (Losses) related to ETFs and others:

Total of Net Gains (Losses) related to ETFs (2 Banks) and Net Gains (Losses) on Operating Investment Securities

(SC Consolidated)

Customer Groups:

Aggregate of preliminary figures of RBC, CIC, GCC and AMC

Markets:

Preliminary figures of GMC

G&A Expenses (excl. Non-Recurring Losses and others):

G&A Expenses (excl. Non-Recurring Losses) - Amortization of Goodwill and other items

Net Income attributable to FG:

Profit Attributable to Owners of Parent

Group aggregate:

BK + TB + SC + other major subsidiaries on a non-consolidated basis (management accounting)

2 Banks:

BK + TB on a non-consolidated basis (financial accounting)

2

Summary of Financial Results

(JPY B)

Consolidated Gross Profits +

Net Gains (Losses) related to ETFs and others1

G&A Expenses

(excl. Non-Recurring Losses and others)

Consolidated Net Business Profits +

1

Net Gains (Losses) related to ETFs and others o/w Customer Groups

o/w Markets

(Consolidated Net Business Profits)

Credit-related Costs

Net Gains (Losses) related to Stocks -

Net Gains (Losses) related to ETFs and others1

Ordinary Profits

Net Extraordinary Gains (Losses)

Net Income Attributable to FG

FY22 Q1

YoY

593.1 +53.5

-358.5-15.1

237.3 +30.5

2

146.4 +7.0

2

  1. +17.7
  1. +41.7

-64.8-67.5

  1. +7.6
  1. -14.5

3

  1. -24.3
  2. -91.2

Consolidated Net Business Profits +

Net Gains (Losses) related to ETFs and others:

Steady performance both in Customer Groups and Markets contributed to +14% increase YoY. Steady progress of 27% towards the FY22 Plan of JPY 860.0B.

Net Income Attributable to FG:

Increase in Credit-related Costs and lack of special factors such as

tax effects4resulted in YoY decrease, while steady build-up in earnings from core operations contributed to progress of 29% towards the FY22 Plan of JPY 540.0B.

Net Income of core group companies

FY22 Q1

YoY

BK (Consolidated)5

143.2

+15.7

TB (Consolidated)

4.0

-2.9

SC (Consolidated)

12.1

-5.0

AM-One

5.5

+0.9

  1. Net Gains (Losses) related to ETFs and others were JPY 1.2B (-JPY 11.2B YoY). 2. New management accounting rules were applied in FY22. Figures of YoY were recalculated based on the new rules.
  1. o/w Gains on Cancellation of Employee Retirement Benefit Trust: JPY 3.2B (-JPY 25.4B YoY). 4. Tax effect and other factors related to right-sizing of SC capital implemented as a part of the revision of subsidiaries' capital policy in FY21 Q1 (+JPY 69.6B). 5. Include Net Income of Mizuho Securities USA LLC of JPY 4.3B (-JPY 3.4B YoY).

3

Financial Results by In-house Company

Group aggregate, management accounting

(JPY B)

Gross Profits1

G&A Expenses

Net Business Profits1

Net Income1

(excl. Non-Recurring Losses and others)

FY22 Q1

YoY2

FY22 Q1

YoY 2

FY22 Q1

YoY 2

FY22 Q1

YoY 2

Retail & Business Banking

154.2

-8.7

-157.0

+5.3

-5.5

-11.7

-9.6

-3.1

Corporate & Institutional

102.6

+0.2

-50.9

+0.4

53.3

+0.8

15.7

-64.2

Global Corporate

163.3

+22.0

-75.1

-4.4

94.7

+18.6

64.9

+8.9

Global Markets

149.1

+24.4

-62.5

-6.7

86.4

+17.7

59.1

+12.7

Asset Management

14.0

-0.3

-8.3

-0.2

3.9

-0.7

1.4

-0.8

In-house Company Total

583.2

+37.5

-353.9

-5.5

232.8

+24.7

131.5

-46.4

FG Consolidated

593.1

+53.5

-358.5

-15.1

237.3

+30.5

159.2

-91.2

1. Global Markets includes Net Gains (Losses) related to ETFs (2 Banks). FG Consolidated includes Net Gains (Losses) related to ETFs (2 Banks) and Net Gains (Losses) on Operating Investment Securities (SC Consolidated). 2. New management accounting rules were applied in FY22. Figures for YoY are recalculated based on the new rules.

4

Overview of Balance Sheet (as of Jun-22)

Consolidated Balance Sheet Figures in ( ) represent changes from Mar-22

Total Assets: JPY 250T (+JPY13.5T)

Loans (Period-end Balance)2, 3

BK+TB, management accounting

(JPY T)

86.8

85.9

85.6

87.1

Loans

JPY 88T

(+JPY 4.1T)

Securities

JPY 43T

(-JPY 1.2T)

JGBs:

JPY

22.0T

(-JPY 3.5T)1

Foreign Bonds:

JPY

12.4T

(+JPY 2.5T)

Japanese Stocks: JPY

2.9T

(-JPY 0.2T)

Deposits/NCDs

JPY 158T

(+JPY 2.9T)

Other Liabilities

JPY 83T

(+JPY 10.8T)

33.7

30.5

31.5

33.0

GCC4

9.5

9.1

8.8

8.7

RBC Individuals

15.6

16.0

15.8

15.8

RBC Corporate

In Japan

30.4

29.6

29.8

28.0

CIC

Mar-20

Mar-21

Mar-22

Jun-22

3, 4

Non-JPY denominated Loans and Deposits (Period-endBalance)

(USD B)

BK, management accounting

75%

74%

75%

73%

Proportion of

Deposit to Loan

Non-JPY Loans5

Non-JPY Customer

5

Other Assets

JPY 118T

(+JPY 10.6T)

Net Assets

JPY 8T

(-JPY 0.2T)

Deposits

312.1

277.2

282.8

293.1

233.8

205.3

213.0

213.1

Mar-20

Mar-21

Mar-22

Jun-22

  1. Including Bonds Held to Maturity. 2. Excluding loans between the consolidated entities. For loans in Japan, excluding loans to the Japanese Government, etc. 3. New management accounting rules were applied in FY22. Figures from Mar-20 to Mar-22 were recalculated based on the new rules. 4. BK (including the subsidiaries in China, the USA, the Netherlands, Indonesia, Malaysia, Russia, Brazil and Mexico).
  1. Including loans and deposits in Japan.

5

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Mizuho Financial Group Inc. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 07:44:12 UTC.