Composition of Capital Disclosure

Mizuho Financial Group 【Consolidated】

As of March 31, 2021

(in million yen, except percentage)

CC1:Composition of Capital Disclosure

a

b

c

Basel III

Items

As of December 31,

Reference to

Template No.

As of March 31, 2021

2020

Template CC2

Common Equity Tier 1 capital: instruments and reserves (1)

1a+2-1c-26

Directly

issued qualifying common share capital plus related stock surplus and retained earnings

7,711,821

7,689,604

1a

of which: capital and stock surplus

3,392,708

3,392,716

2

of which: retained earnings

4,421,438

4,304,092

1c

of which: treasury stock (-)

7,124

7,203

26

of which: national specific regulatory adjustments (earnings to be distributed) (-)

95,201

-

of which: other than above

-

-

1b

Subscription rights to common shares

134

134

3

Accumulated other comprehensive income and other disclosed reserves

1,449,035

1,216,134

(a)

5

Common share capital issued by subsidiaries and held by third parties (amount allowed in group

7,361

8,160

CET1)

6

Common Equity Tier 1 capital: instruments and reserves (A)

9,168,353

8,914,033

Common Equity Tier 1 capital: regulatory adjustments (2)

8+9

Total intangible assets (net of related tax liability, excluding those relating to mortgage servicing

459,854

458,314

rights)

8

of which: goodwill (net of related tax liability, including those equivalent)

65,884

67,779

9

of which: other intangibles other than goodwill and mortgage servicing rights (net of related

393,969

390,535

tax liability)

10

Deferred tax assets that rely on future profitability excluding those arising from temporary

12,348

14,254

differences (net of related tax liability)

11

Deferred gains or losses on derivatives under hedge accounting

30,475

96,792

12

Shortfall of eligible provisions to expected losses

20,856

2,140

13

Securitization gain on sale

-

-

14

Gains and losses due to changes in own credit risk on fair valued liabilities

21,499

17,737

15

Net defined benefit asset

769,795

638,002

16

Investments in own shares (excluding those reported in the net assets section)

3,552

2,677

17

Reciprocal cross-holdings in common equity

-

-

Investments in the capital of banking, financial and insurance entities that are outside the scope of

18

regulatory consolidation, net of eligible short positions, where the bank does not own more than 10%

-

-

of the issued share capital (amount above the 10% threshold)

19+20+21

Amount exceeding the 10% threshold on specified items

-

-

19

of which: significant investments in the common stock of financials

-

-

20

of which: mortgage servicing rights

-

-

21

of which: deferred tax assets arising from temporary differences (net of related tax liability)

-

-

22

Amount exceeding the 15% threshold on specified items

-

-

23

of which: significant investments in the common stock of financials

-

-

24

of which: mortgage servicing rights

-

-

25

of which: deferred tax assets arising from temporary differences (net of related tax liability)

-

-

27

Regulatory adjustments applied to Common Equity Tier 1 due to insufficient Additional Tier 1 and

-

-

Tier 2 to cover deductions

28

Common Equity Tier 1 capital: regulatory adjustments (B)

1,318,383

1,229,919

Common Equity Tier 1 capital (CET1)

29

Common Equity Tier 1 capital (CET1) ((A)-(B)) (C)

7,849,969

7,684,114

Additional Tier 1 capital: instruments (3)

31a

Directly issued qualifying Additional Tier 1 instruments plus related stock surplus of which:

-

-

classified as equity under applicable accounting standards and the breakdown

31b

Subscription rights to Additional Tier 1 instruments

-

-

30

32

Directly issued qualifying Additional Tier 1 instruments plus related stock surplus of which:

1,873,000

1,873,000

classified as liabilities under applicable accounting standards

Qualifying Additional Tier 1 instruments plus related stock surplus issued by special purpose vehicles

-

-

and other equivalent entities

34-35

Additional Tier 1 instruments issued by subsidiaries and held by third parties (amount allowed in

17,439

19,328

group AT1)

33+35

Eligible Tier 1 capital instruments subject to phase-out arrangements included in Additional Tier 1

-

-

capital: instruments

33

of which: directly issued capital instruments subject to phase out from Additional Tier 1

-

-

35

of which: instruments issued by subsidiaries subject to phase out

-

-

36

Additional Tier 1 capital: instruments (D)

1,890,439

1,892,328

Additional Tier 1 capital: regulatory adjustments

37

Investments in own Additional Tier 1 instruments

2,400

4,500

38

Reciprocal cross-holdings in Additional Tier 1 instruments

-

-

Investments in the capital of banking, financial and insurance entities that are outside the scope of

39

regulatory consolidation, net of eligible short positions, where the bank does not own more than 10%

-

-

of the issued common share capital of the entity (amount above 10% threshold)

40

Significant investments in the capital of banking, financial and insurance entities that are outside the

36,078

28,200

scope of regulatory consolidation (net of eligible short positions)

42

Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover deductions

-

-

43

Additional Tier 1 capital: regulatory adjustments (E)

38,478

32,700

Additional Tier 1 capital (AT1)

44

Additional Tier 1 capital ((D)-(E)) (F)

1,851,961

1,859,628

Tier 1 capital (T1 = CET1 + AT1)

45

Tier 1 capital (T1 = CET1 + AT1) ((C)+(F)) (G)

9,701,931

9,543,742

(in million yen, except percentage)

CC1:Composition of Capital Disclosure

a

b

c

Basel III

Items

As of December 31,

Reference to

Template No.

As of March 31, 2021

2020

Template CC2

Tier 2 capital: instruments and provisions (4)

Directly issued qualifying Tier 2 instruments plus related stock surplus of which: classified as equity

-

-

under applicable accounting standards and the breakdown

Subscription rights to Tier 2 instruments

-

-

46

Directly issued qualifying Tier 2 instruments plus related stock surplus of which: classified as

1,406,564

1,412,367

liabilities under applicable accounting standards

Tier 2 instruments plus related stock surplus issued by special purpose vehicles and other equivalent

99,266

100,460

entities

48-49

Tier 2 instruments issued by subsidiaries and held by third parties (amount allowed in group Tier 2)

5,173

5,994

47+49

Eligible Tier 2 capital instruments subject to phase-out arrangements included in Tier 2:

168,706

249,203

instruments and provisions

47

of which: directly issued capital instruments subject to phase out from Tier 2

30,739

47,945

49

of which: instruments issued by subsidiaries subject to phase out

137,966

201,257

50

Total of general allowance for loan losses and eligible provisions included in Tier 2

5,476

6,933

50a

of which: general allowance for loan losses

5,476

6,933

50b

of which: eligible provisions

-

-

51

Tier 2 capital: instruments and provisions (H)

1,685,186

1,774,958

Tier 2 capital: regulatory adjustments (5)

52

Investments in own Tier 2 instruments

1,388

1,821

53

Reciprocal cross-holdings in Tier 2 instruments and other TLAC liabilities

-

-

Investments in the capital and other TLAC liabilities of banking, financial and insurance entities that

54

are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does

-

-

not own more than 10% of the issued common share capital of the entity (amount above the 10%

threshold)

Investments in the other TLAC liabilities of banking, financial and insurance entities that are outside

54a

the scope of regulatory consolidation, where the bank does not own more than 10% of the issued

334

687

common share capital of the entity: amount previously designated for the 5% threshold but that no

longer meets the conditions

55

Significant investments in the capital and other TLAC liabilities of banking, financial and insurance

-

-

entities that are outside the scope of regulatory consolidation (net of eligible short positions)

57

Tier 2 capital: regulatory adjustments (I)

1,722

2,508

Tier 2 capital (T2)

58

Tier 2 capital (T2) ((H)-(I)) (J)

1,683,464

1,772,449

Total capital (TC = T1 + T2)

59

Total capital (TC = T1 + T2) ((G) + (J)) (K)

11,385,395

11,316,192

Risk weighted assets (6)

60

Risk weighted assets (L)

67,481,983

66,124,705

Capital ratio and buffers (consolidated) (7)

61

Common Equity Tier 1 capital ratio (consolidated) ((C)/(L))

11.63%

11.62%

62

Tier 1 capital ratio (consolidated) ((G)/(L))

14.37%

14.43%

63

Total capital ratio (consolidated) ((K)/(L))

16.87%

17.11%

64

Total of bank CET1 specific buffer requirements

3.51%

3.51%

65

of which: capital conservation buffer requirement

2.50%

2.50%

66

of which: countercyclical buffer requirement

0.01%

0.01%

67

of which: bank G-SIB/D-SIB additional requirements

1.00%

1.00%

68

CET1 available after meeting the bank's minimum capital requirements

7.13%

7.12%

Regulatory adjustments (8)

72

Non-significant investments in the capital and other TLAC liabilities of other financials that are

460,375

428,960

below the thresholds for deduction (before risk weighting)

73

Significant investments in the common stock of financials that are below the thresholds for deduction

295,131

283,957

(before risk weighting)

74

Mortgage servicing rights that are below the thresholds for deduction (before risk weighting)

-

-

75

Deferred tax assets arising from temporary differences that are below the thresholds for deduction

265,832

253,672

(before risk weighting)

Provisions included in Tier 2 capital: instruments and provisions (9)

76

Provisions (general allowance for loan losses)

5,476

6,933

77

Cap on inclusion of provisions (general allowance for loan losses)

44,922

45,861

78

Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based

-

-

approach (prior to application of cap) (if the amount is negative, report as "nil")

79

Cap for inclusion of provisions in Tier 2 under internal ratings-based approach

337,311

328,553

Capital instruments subject to phase-out arrangements (10)

82

Current cap on AT1 instruments subject to phase-out arrangements

208,313

416,627

83

Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities) (if the

-

-

amount is negative, report as "nil")

84

Current cap on T2 instruments subject to phase-out arrangements

168,706

337,412

85

Amount excluded from T2 due to cap (excess over cap after redemptions and maturities) (if the

64,355

-

amount is negative, report as "nil")

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Mizuho Financial Group Inc. published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 15:14:16 UTC.