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

  1. -4.4
    -65.3 +82.5
  1. +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

  1. 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.
  1. 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

  1. -22.8
  1. -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

  1. 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.
  1. BK (including the subsidiaries in China, the USA, the Netherlands, Indonesia, Malaysia, Russia, Brazil and Mexico). 4. Including loans and deposits in Japan.

5

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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.