FY22 Q3 Financial Results (Under Japanese GAAP)
February 2, 2023
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 | ||
BK : Mizuho Bank, Ltd. | CIC : Corporate & Institutional Company | |||
Planned rate | ||||
TB : Mizuho Trust & Banking Co., Ltd. | GCC : Global Corporate Company | |||
SC : Mizuho Securities Co., Ltd. | GMC : Global Markets Company | USD/JPY | 127.00 | |
AMC : Asset Management Company | EUR/JPY | 140.97 | ||
Financial accounting (TTM at the respective | ||||
period end) | ||||
Dec-21 | Mar-22 | Dec-22 | ||
USD/JPY | 115.02 | 122.41 | 132.70 | |
EUR/JPY | 130.52 | 136.77 | 141.44 | |
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 +
Net Gains (Losses) related to ETFs and others1 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 Q3 | YoY |
FYTD | |
1,749.4 | +50.2 |
-1,079.6 | -50.3 |
681.8 -2.6
2
535.3 +16.8
2
147.1 -41.7
-
-4.4
-65.3 +82.5
- +75.5
658.1 +160.4
3
31.8 -25.6
543.2 +64.6
- Consolidated Net Business Profits +
Net Gains (Losses) related to ETFs and others:
Steady progress in Customer Groups while Markets lagged by the external environment deterioration.
79% progress of towards the FY22 plan of JPY 860.0B.
- Net Income Attributable to FG:
Reached the FY22 plan of JPY 540.0B, mainly due to the overachieved profit on the sales of cross-shareholdings and the gains on cancellation of Employee Retirement Benefit Trusts and other.
FY22 plan was unchanged considering uncertain business environment.
Net Income of core group companies
FY22 Q3 | YoY | |
FYTD | ||
BK (Consolidated) 4 | 470.3 | +179.8 |
TB (Consolidated) | 22.0 | -10.3 |
SC (Consolidated) | 16.4 | -36.1 |
AM-One | 10.8 | -1.5 |
- Net Gains (Losses) related to ETFs and others were JPY 5.5B (+JPY 1.8B YoY). 2. New management accounting rules were applied in FY22. Figures for YoY are recalculated based on the FY22 rules.
- Includes gains on Cancellation of Employee Retirement Benefit Trust: JPY 41.2B (-JPY 25.0B YoY). 4. Includes Net Income of Mizuho Securities USA LLC of JPY 15.8B (-JPY 7.1B YoY).
3
Financial Results by In-house Company
(JPY B)
Retail & Business Banking
Corporate & Institutional
Global Corporate
Global Markets
Asset Management
In-house Company Total
FG Consolidated
Gross Profits1
FY22 Q3 | YoY2 |
FYTD | |
503.1 -16.8
349.3 -2.5
486.8 +41.2
- -22.8
- -2.6
1,716.1 -3.5
1,749.4 +50.2
G&A Expenses
(excl. Non-Recurring Losses and others)
FY22 Q3 | YoY2 |
FYTD | |
-454.0 | +13.1 |
-145.8 | +4.6 |
-231.3 | -13.7 |
-187.9 | -18.9 |
-26.3 | -1.3 |
-1,045.3 | -16.2 |
-1,079.6-50.3
Group aggregate, preliminary results
Net Business Profits1 | Net Income1 | |||
FY22 Q3 | YoY2 | FY22 Q3 | YoY2 | |
FYTD | FYTD | |||
44.7 | -13.3 | 6.9 | -45.5 | |
209.1 | +3.8 | 224.2 | +131.7 | |
271.6 | +31.2 | 159.9 | -11.4 | |
147.1 | -41.7 | 98.7 | -26.9 | |
9.8 | -4.9 | 3.2 | -3.5 | |
682.4 | -24.9 | 492.9 | +44.4 | |
681.8 -2.6 543.2 +64.6
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. Figures for YoY are recalculated based on the FY22 rules.
4
Overview of Balance Sheet
Consolidated Balance Sheet Figures in ( ) represent changes from Mar-22
Total Assets: JPY 251T (+JPY14.7T)
Loans (Period-end Balance)1, 2 | BK+TB, management accounting | ||||
(JPY T) | |||||
86.8 | 85.9 | 85.5 | 88.5 | 89.9 | |
Loans
JPY 91T
(+JPY 6.4T)
Securities
JPY 35T
(-JPY 8.9T)
JGBs: | JPY | 15.6T | (-JPY 10.0T) |
Foreign Bonds: | JPY | 10.8T | (+JPY 0.9T) |
Japanese Stocks: JPY | 3.0T | (-JPY 0.2T) | |
Deposits/NCDs
JPY 162T
(+JPY 6.7T)
Other Liabilities
JPY 80T
(+JPY 8.1T)
33.6 | 30.5 | 31.4 | 34.0 | 35.1 | GCC3 | ||||||
9.5 | 9.1 | 8.8 | 8.6 | 8.5 | RBC Individuals | ||||||
15.6 | 16.0 | 15.8 | 15.9 | 16.1 | RBC Corporate | ||||||
In Japan | |||||||||||
30.4 | 29.6 | 30.0 | 30.2 | ||||||||
28.0 | CIC | ||||||||||
Mar-20 | Mar-21 | Mar-22 | Sep-22 | Dec-22 | 2, 3 | ||||||
Non-JPY denominated Loans and Deposits (Period-endBalance) | |||||||||||
(USD B) | BK, management accounting | ||||||||||
75% | 74% | 76% | 77% | 76% | |||||||
Proportion of | |||||||||||
Deposit to Loan | |||||||||||
Non-JPY Loans4 | |||||||||||
Non-JPY Customer | |||||||||||
4 |
Other Assets
JPY 124T
(+JPY 17.2T)
Net Assets
JPY 9T
(-JPY 0.1T)
Deposits | |||||
311.8 | 277.0 | 281.9 | 295.8 | 305.4 | |
233.8 | 226.9 | 232.7 | |||
205.3 | 213.0 | ||||
Mar-20 | Mar-21 | Mar-22 | Sep-22 | Dec-22 |
- Excluding loans between the consolidated entities. For loans in Japan, excluding loans to the Japanese Government, etc. 2. Figures from Mar-20 to Mar-22 were recalculated based on the FY22 rules.
- BK (including the subsidiaries in China, the USA, the Netherlands, Indonesia, Malaysia, Russia, Brazil and Mexico). 4. Including loans and deposits in Japan.
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Mizuho Financial Group Inc. published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 06:39:14 UTC.