UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2016
Commission File Number 001-33098
Mizuho Financial Group, Inc.
(Translation of registrants name into English)
5-5, Otemachi 1-chome
Chiyoda-ku, Tokyo 100-8176
Japan
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82- .
THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE INTO THE PROSPECTUS FORMING A PART OF MIZUHO FINANCIAL GROUP, INC.S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-213187) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: November 14, 2016 | ||
Mizuho Financial Group, Inc. | ||
By: | /s/ Koichi Iida | |
Name: | Koichi Iida | |
Title: | Managing Executive Officer / Group CFO |
For Immediate Release:
Financial Statements for the Second Quarter of Fiscal 2016 (Six months ended September 30, 2016) <Under Japanese GAAP> |
Company Name: | Mizuho Financial Group, Inc. (MHFG) | November 14, 2016 |
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: | Yasuhiro Sato | President & CEO | ||||
For Inquiry: | Masahiro Kosugi | General Manager of Accounting | Phone: +81-3-6838-6101 | |||
Filing of Shihanki Hokokusho (scheduled): |
November 28, 2016 | Trading Accounts: Established | ||||
Commencement of Dividend Payment (scheduled): |
December 6, 2016 |
|||||
Supplementary Materials on Quarterly Results: |
Attached |
|||||
IR Conference on Quarterly Results: |
Scheduled |
Amounts less than one million yen are rounded down.
1. Financial Highlights for the Second Quarter (First Half) of Fiscal 2016 (for the six months ended September 30, 2016)
(1) Consolidated Results of Operations
(%: Changes from the previous first half) | ||||||||||||||||||||||||
Ordinary Income | Ordinary Profits | Profit Attributable to Owners of Parent |
||||||||||||||||||||||
¥ million | % | ¥ million | % | ¥ million | % | |||||||||||||||||||
1H F2016 |
1,563,262 | (4.5 | ) | 420,944 | (26.7 | ) | 358,183 | (6.7 | ) | |||||||||||||||
1H F2015 |
1,637,697 | 8.2 | 574,590 | 6.8 | 384,198 | 8.1 |
Note: |
Comprehensive Income: 1H F2016: ¥199,853 million, 106.4%; 1H F2015: ¥96,820 million, (87.0)% |
Net Income per Share of Common Stock |
Diluted Net Income per Share of Common Stock |
|||||||
¥ | ¥ | |||||||
1H F2016 |
14.21 | 14.11 | ||||||
1H F2015 |
15.48 | 15.13 |
(2) Consolidated Financial Conditions
Total Assets | Total Net Assets | Own Capital Ratio | ||||||||||
¥ million | ¥ million | % | ||||||||||
1H F2016 |
192,679,978 | 8,970,260 | 4.2 | |||||||||
Fiscal 2015 |
193,458,580 | 9,353,244 | 4.2 |
Reference: |
Own Capital: As of September 30, 2016: ¥8,253,934 million; As of March 31, 2016: ¥8,167,813 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 2015 |
| 3.75 | | 3.75 | 7.50 | |||||||||||||||
Fiscal 2016 |
| 3.75 | ||||||||||||||||||
Fiscal 2016 (estimate) |
| 3.75 | 7.50 |
Notes: |
1. | Revision of the latest announced estimates for cash dividends for shareholders of common stock: No | ||
2. | Please refer to the following Cash Dividends for Shareholders of Classified Stock for cash dividends for shareholders of classified stock (unlisted), the rights of which are different from those of common stock. |
3. Consolidated Earnings Estimates for Fiscal 2016 (for the fiscal year ending March 31, 2017)
(%: Changes from the previous fiscal year) | ||||||||||||
Profit Attributable to Owners of Parent |
Net Income per Share of Common Stock |
|||||||||||
¥ million | % | ¥ | ||||||||||
Fiscal 2016 |
600,000 | (10.5 | ) | 23.72 |
Notes: |
1. | Revision of the latest announced earnings estimates for fiscal 2016: No | ||||
2. | The number of shares of common stock used in the above calculation is based on the weighted average of the average number of shares during the 1H of fiscal 2016 and the number of shares as of September 30, 2016 (which is expected to be the average number of shares during the 2H of fiscal 2016). |
* Notes
(1) Changes in Significant Subsidiaries during the Period (changes in specified subsidiaries accompanying changes in the scope of consolidation): No
(2) Changes in Accounting Policies and Accounting Estimates / Restatements
① Changes in accounting policies due to revisions of accounting standards, etc.: Yes
② Changes in accounting policies other than ① above: No
③ Changes in accounting estimates: No
④ Restatements: No
(Note) | For more information, please refer to (1) Changes in Accounting Policies and Accounting Estimates / Restatements on page 1-2 of the attachment. |
(3) Issued Shares of Common Stock
① Period-end issued shares (including treasury stock): |
As of September 30, 2016 | 25,386,307,945 shares | As of March 31, 2016 | 25,030,525,657 shares | ||||||||||||
② Period-end treasury stock: |
As of September 30, 2016 | 21,895,432 shares | As of March 31, 2016 | 10,929,211 shares | ||||||||||||
③ Average number of outstanding shares : |
1st Half of Fiscal 2016 | 25,204,800,899 shares | 1st Half of Fiscal 2016 | 24,718,566,203 shares |
Non-consolidated Financial Statements
1. Financial Highlights for the Second Quarter (First Half) of Fiscal 2016 (for the six months ended September 30, 2016)
(1) Non-Consolidated Results of Operations |
(%: Changes from the previous first half) |
Operating Income | Operating Profits |
Ordinary Profits | Net Income | |||||||||||||||||||||||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | |||||||||||||||||||||||||
1H F2016 |
352,171 | 13.1 | 334,013 | 12.4 | 324,541 | 10.5 | 323,274 | 7.3 | ||||||||||||||||||||||||
1H F2015 |
311,130 | (13.8 | ) | 297,082 | (14.6 | ) | 293,675 | (15.3 | ) | 301,115 | (13.0 | ) | ||||||||||||||||||||
Net Income per Share of Common Stock |
||||||||||||||||||||||||||||||||
¥ | ||||||||||||||||||||||||||||||||
1H F2016 |
12.82 | |||||||||||||||||||||||||||||||
1H F2015 |
12.12 |
(2) Non-Consolidated Financial Conditions
Total Assets | Total Net Assets | Own Capital Ratio | ||||||||||
¥ million | ¥ million | % | ||||||||||
1H F2016 |
8,569,404 | 5,424,552 | 63.2 | |||||||||
Fiscal 2015 |
7,064,211 | 5,197,208 | 73.5 |
Reference: |
Own Capital: As of September 30, 2016: ¥5,422,798 million; As of March 31, 2016: ¥5,194,445 million |
(Presentation of Implementation Status of Interim Review Procedure)
The semi-annual audit procedure of consolidated and non-consolidated interim financial statements based on the Financial Instruments and Exchange Law has not been completed at the time of the disclosure of these Financial Statements.
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: 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; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our Medium-term 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 InformationRisk 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 SECs 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.
MHFG is a specified business company under Cabinet Office Ordinance on Disclosure of Corporate Information, etc. Article 17-15 clause 2 and prepares the interim consolidated and interim non-consolidated financial statements in the second quarter.
Cash Dividends for Shareholders of Classified Stock
Breakdown of cash dividends per share related to classified stock, the rights of which are different from those of common stock, is as follows:
Annual Cash Dividends per Share | ||||||||||||||||||||
First Quarter-end | Second Quarter-end | Third Quarter-end | Fiscal Year-end | Total | ||||||||||||||||
¥ | ¥ | ¥ | ¥ | ¥ | ||||||||||||||||
Eleventh Series Class XI Preferred Stock |
||||||||||||||||||||
Fiscal 2015 |
| 10.00 | | 10.00 | 20.00 | |||||||||||||||
Fiscal 2016 |
|
Note: |
Mizuho Financial Group Inc. (MHFG) acquired all of the Eleventh Series Class XI Preferred Stock as of July 1, 2016 that had not been requested for acquisition by June 30, 2016 and cancelled all of the Eleventh Series Class XI Preferred Stock held by MHFG on July 13, 2016. Accordingly, cash dividend payments related to the Eleventh Series Class XI Preferred Stock will not be made in fiscal 2016. |
Mizuho Financial Group, Inc.
m 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. | Interim Consolidated Financial Statements | 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) Consolidated Statements of Changes in Net Assets | p.1-7 | |||||
(4) Note for Assumption of Going Concern | p.1-8 | |||||
3. | Interim Non-Consolidated Financial Statements | p.1-9 | ||||
(1) Non-Consolidated Balance Sheets | p.1-9 | |||||
(2) Non-Consolidated Statements of Income | p.1-10 | |||||
(3) Non-Consolidated Statements of Changes in Net Assets | p.1-11 | |||||
øSELECTED FINANCIAL INFORMATION For the Second Quarter (First Half) of Fiscal 2016 |
[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.
An MHFG IR conference for institutional investors and analysts is scheduled for November 22, 2016 (Tuesday). The IR conference presentation materials and audio archive will be available for use by individual investors in the IR Information section of the Mizuho Financial Group HP immediately after the conference.
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)
(Application of Revised Implementation Guidance on Recoverability of Deferred Tax Assets)
MHFG has applied Revised Implementation Guidance on Recoverability of Deferred Tax Assets (ASBJ Guidance No.26, March 28, 2016) (hereinafter, the Recoverability Implementation Guidance) from this interim period ended September 30, 2016 and partially revised the accounting method of recoverability of deferred tax assets.
The Recoverability Implementation Guidance has been applied in accordance with the transitional treatment set forth in Article 49(4) of the Recoverability Implementation Guidance. The differences between (i) the amounts of Deferred Tax Assets and Deferred Tax Liabilities when provisions applicable from ① to ③ of Article 49(3) of the Recoverability Implementation Guidance were applied as of April 1, 2016, and (ii) the amounts of Deferred Tax Assets and Deferred Tax Liabilities at the end of the fiscal year ended March 31, 2016, were added to Retained Earnings as of April 1, 2016.
As a result, Deferred Tax Assets (before offset) and Retained Earnings each increased by ¥ 1,426 million as of April 1, 2016.
As a result of reflection of the effects on the Net Asset as of April 1, 2016, Retained Earnings increased by ¥1,426 million as of April 1, 2016 in the interim consolidated statements of changes in net assets.
1-2
Mizuho Financial Group, Inc.
2. Interim Consolidated Financial Statements
(1) Consolidated Balance Sheets
Millions of yen | ||||||||
As of March 31, 2016 |
As of September 30, 2016 |
|||||||
Assets |
||||||||
Cash and Due from Banks |
¥ | 36,315,471 | ¥ | 42,715,384 | ||||
Call Loans and Bills Purchased |
893,545 | 899,865 | ||||||
Receivables under Resale Agreements |
7,805,798 | 9,258,984 | ||||||
Guarantee Deposits Paid under Securities Borrowing Transactions |
3,407,390 | 3,195,977 | ||||||
Other Debt Purchased |
2,979,797 | 2,527,270 | ||||||
Trading Assets |
13,004,522 | 12,511,953 | ||||||
Money Held in Trust |
175,638 | 227,975 | ||||||
Securities |
39,505,971 | 32,705,104 | ||||||
Loans and Bills Discounted |
73,708,884 | 73,030,669 | ||||||
Foreign Exchange Assets |
1,447,743 | 1,452,483 | ||||||
Derivatives other than for Trading Assets |
3,157,752 | 2,957,197 | ||||||
Other Assets |
4,144,131 | 4,272,085 | ||||||
Tangible Fixed Assets |
1,085,791 | 1,071,524 | ||||||
Intangible Fixed Assets |
804,567 | 869,070 | ||||||
Net Defined Benefit Asset |
646,428 | 673,562 | ||||||
Deferred Tax Assets |
36,517 | 77,011 | ||||||
Customers Liabilities for Acceptances and Guarantees |
4,798,158 | 4,675,296 | ||||||
Reserves for Possible Losses on Loans |
(459,531 | ) | (441,438 | ) | ||||
|
|
|
|
|||||
Total Assets |
¥ | 193,458,580 | ¥ | 192,679,978 | ||||
|
|
|
|
1-3
Mizuho Financial Group, Inc.
Millions of yen | ||||||||
As of March 31, 2016 |
As of September 30, 2016 |
|||||||
Liabilities |
||||||||
Deposits |
¥ | 105,629,071 | ¥ | 110,171,994 | ||||
Negotiable Certificates of Deposit |
11,827,533 | 9,568,325 | ||||||
Call Money and Bills Sold |
2,521,008 | 1,791,651 | ||||||
Payables under Repurchase Agreements |
16,833,346 | 17,739,258 | ||||||
Guarantee Deposits Received under Securities Lending Transactions |
2,608,971 | 1,314,573 | ||||||
Commercial Paper |
1,010,139 | 827,552 | ||||||
Trading Liabilities |
10,276,133 | 9,878,751 | ||||||
Borrowed Money |
7,503,543 | 7,243,394 | ||||||
Foreign Exchange Liabilities |
492,473 | 582,971 | ||||||
Short-term Bonds |
648,381 | 408,033 | ||||||
Bonds and Notes |
6,120,928 | 7,131,121 | ||||||
Due to Trust Accounts |
5,067,490 | 4,053,768 | ||||||
Derivatives other than for Trading Liabilities |
2,571,597 | 2,001,471 | ||||||
Other Liabilities |
5,532,596 | 5,755,737 | ||||||
Reserve for Bonus Payments |
62,171 | 47,174 | ||||||
Reserve for Variable Compensation |
2,836 | 1,488 | ||||||
Net Defined Benefit Liability |
51,514 | 52,668 | ||||||
Reserve for Director and Corporate Auditor Retirement Benefits |
1,685 | 1,376 | ||||||
Reserve for Possible Losses on Sales of Loans |
267 | 3 | ||||||
Reserve for Contingencies |
5,271 | 4,889 | ||||||
Reserve for Reimbursement of Deposits |
16,154 | 15,828 | ||||||
Reserve for Reimbursement of Debentures |
39,245 | 35,273 | ||||||
Reserves under Special Laws |
2,024 | 2,219 | ||||||
Deferred Tax Liabilities |
414,799 | 337,644 | ||||||
Deferred Tax Liabilities for Revaluation Reserve for Land |
67,991 | 67,247 | ||||||
Acceptances and Guarantees |
4,798,158 | 4,675,296 | ||||||
|
|
|
|
|||||
Total Liabilities |
¥ | 184,105,335 | ¥ | 183,709,717 | ||||
|
|
|
|
|||||
Net Assets |
||||||||
Common Stock and Preferred Stock |
¥ | 2,255,790 | ¥ | 2,256,275 | ||||
Capital Surplus |
1,110,164 | 1,111,299 | ||||||
Retained Earnings |
3,197,616 | 3,464,082 | ||||||
Treasury Stock |
(3,609 | ) | (5,098 | ) | ||||
|
|
|
|
|||||
Total Shareholders Equity |
6,559,962 | 6,826,558 | ||||||
|
|
|
|
|||||
Net Unrealized Gains (Losses) on Other Securities |
1,296,039 | 1,134,348 | ||||||
Deferred Gains or Losses on Hedges |
165,264 | 167,078 | ||||||
Revaluation Reserve for Land |
148,483 | 146,794 | ||||||
Foreign Currency Translation Adjustments |
(53,689 | ) | (85,900 | ) | ||||
Remeasurements of Defined Benefit Plans |
51,752 | 65,055 | ||||||
|
|
|
|
|||||
Total Accumulated Other Comprehensive Income |
1,607,851 | 1,427,376 | ||||||
|
|
|
|
|||||
Stock Acquisition Rights |
2,762 | 1,754 | ||||||
Non-Controlling Interests |
1,182,668 | 714,572 | ||||||
|
|
|
|
|||||
Total Net Assets |
9,353,244 | 8,970,260 | ||||||
|
|
|
|
|||||
Total Liabilities and Net Assets |
¥ | 193,458,580 | ¥ | 192,679,978 | ||||
|
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|
|
1-4
Mizuho Financial Group, Inc.
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
[Consolidated Statements of Income]
Millions of yen | ||||||||
For the six months ended September 30, 2015 |
For the six months ended September 30, 2016 |
|||||||
Ordinary Income |
¥ | 1,637,697 | ¥ | 1,563,262 | ||||
Interest Income |
720,592 | 678,188 | ||||||
Interest on Loans and Bills Discounted |
463,500 | 442,430 | ||||||
Interest and Dividends on Securities |
158,508 | 129,547 | ||||||
Fiduciary Income |
26,399 | 24,729 | ||||||
Fee and Commission Income |
369,856 | 359,011 | ||||||
Trading Income |
145,813 | 213,872 | ||||||
Other Operating Income |
186,370 | 165,262 | ||||||
Other Ordinary Income |
188,664 | 122,198 | ||||||
Ordinary Expenses |
1,063,107 | 1,142,318 | ||||||
Interest Expenses |
197,081 | 241,807 | ||||||
Interest on Deposits |
77,722 | 92,531 | ||||||
Fee and Commission Expenses |
76,897 | 76,101 | ||||||
Trading Expenses |
1,686 | 1,467 | ||||||
Other Operating Expenses |
41,511 | 32,009 | ||||||
General and Administrative Expenses |
673,456 | 704,164 | ||||||
Other Ordinary Expenses |
72,475 | 86,766 | ||||||
|
|
|
|
|||||
Ordinary Profits |
574,590 | 420,944 | ||||||
|
|
|
|
|||||
Extraordinary Gains |
19,573 | 1,426 | ||||||
Extraordinary Losses |
2,233 | 3,245 | ||||||
|
|
|
|
|||||
Income before Income Taxes |
591,930 | 419,125 | ||||||
|
|
|
|
|||||
Income Taxes: |
||||||||
Current |
134,814 | 101,907 | ||||||
Deferred |
38,853 | (63,140 | ) | |||||
|
|
|
|
|||||
Total Income Taxes |
173,667 | 38,766 | ||||||
|
|
|
|
|||||
Profit |
418,262 | 380,358 | ||||||
|
|
|
|
|||||
Profit Attributable to Non-controlling Interests |
34,064 | 22,175 | ||||||
|
|
|
|
|||||
Profit Attributable to Owners of Parent |
¥ | 384,198 | ¥ | 358,183 | ||||
|
|
|
|
1-5
Mizuho Financial Group, Inc.
[Consolidated Statements of Comprehensive Income]
Millions of yen | ||||||||
For the six months ended September 30, 2015 |
For the six months ended September 30, 2016 |
|||||||
Profit |
¥ | 418,262 | ¥ | 380,358 | ||||
Other Comprehensive Income |
(321,442 | ) | (180,505 | ) | ||||
Net Unrealized Gains (Losses) on Other Securities |
(349,353 | ) | (161,503 | ) | ||||
Deferred Gains or Losses on Hedges |
32,591 | 1,814 | ||||||
Revaluation Reserve for Land |
10 | (5 | ) | |||||
Foreign Currency Translation Adjustments |
(3,313 | ) | (21,853 | ) | ||||
Remeasurements of Defined Benefit Plans |
(1,109 | ) | 13,420 | |||||
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method |
(267 | ) | (12,377 | ) | ||||
|
|
|
|
|||||
Comprehensive Income |
96,820 | 199,853 | ||||||
|
|
|
|
|||||
(Breakdown) |
||||||||
Comprehensive Income Attributable to Owners of Parent |
63,060 | 179,392 | ||||||
Comprehensive Income Attributable to Non-controlling Interests |
33,759 | 20,461 |
1-6
Mizuho Financial Group, Inc.
(3) Consolidated Statements of Changes in Net Assets
For the six months ended September 30, 2015
Millions of yen | ||||||||||||||||||||
Shareholders Equity | ||||||||||||||||||||
Common Stock and Preferred Stock |
Capital Surplus |
Retained Earnings |
Treasury Stock |
Total Shareholders Equity |
||||||||||||||||
Balance as of the beginning of the period |
2,255,404 | 1,110,006 | 2,769,371 | (3,616 | ) | 6,131,166 | ||||||||||||||
Cumulative Effects of Changes in Accounting Policies |
935 | (48,999 | ) | (48,063 | ) | |||||||||||||||
Balance as of the beginning of the period reflecting Changes in Accounting Policies |
2,255,404 | 1,110,942 | 2,720,371 | (3,616 | ) | 6,083,102 | ||||||||||||||
Changes during the period |
||||||||||||||||||||
Issuance of New Shares |
386 | 386 | 772 | |||||||||||||||||
Cash Dividends |
(100,584 | ) | (100,584 | ) | ||||||||||||||||
Profit Attributable to Owners of Parent |
384,198 | 384,198 | ||||||||||||||||||
Repurchase of Treasury Stock |
(683 | ) | (683 | ) | ||||||||||||||||
Disposition of Treasury Stock |
82 | 268 | 350 | |||||||||||||||||
Transfer from Revaluation Reserve for Land |
983 | 983 | ||||||||||||||||||
Net Changes in Items other than Shareholders Equity |
||||||||||||||||||||
Total Changes during the period |
386 | 468 | 284,597 | (415 | ) | 285,036 | ||||||||||||||
|
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|
|
|
|
|
|
|
|
|||||||||||
Balance as of the end of the period |
2,255,790 | 1,111,410 | 3,004,969 | (4,031 | ) | 6,368,139 | ||||||||||||||
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Accumulated Other Comprehensive Income | ||||||||||||||||||||||||||||||||||||
Net Unrealized Gains (Losses) on Other Securities |
Deferred Gains or Losses on Hedges |
Revaluation Reserve for Land |
Foreign Currency Translation Adjustments |
Remeasurements of Defined Benefit Plans |
Total Accumulated Other Comprehensive Income |
Stock Acquisition Rights |
Non-Controlling Interests |
Total Net Assets |
||||||||||||||||||||||||||||
Balance as of the beginning of the period |
1,737,348 | 26,635 | 146,419 | (40,454 | ) | 160,005 | 2,029,955 | 3,820 | 1,635,595 | 9,800,538 | ||||||||||||||||||||||||||
Cumulative Effects of Changes in Accounting Policies |
(48,063 | ) | ||||||||||||||||||||||||||||||||||
Balance as of the beginning of the period reflecting Changes in Accounting Policies |
1,737,348 | 26,635 | 146,419 | (40,454 | ) | 160,005 | 2,029,955 | 3,820 | 1,635,595 | 9,752,474 | ||||||||||||||||||||||||||
Changes during the period |
||||||||||||||||||||||||||||||||||||
Issuance of New Shares |
772 | |||||||||||||||||||||||||||||||||||
Cash Dividends |
(100,584 | ) | ||||||||||||||||||||||||||||||||||
Profit Attributable to Owners of Parent |
384,198 | |||||||||||||||||||||||||||||||||||
Repurchase of Treasury Stock |
(683 | ) | ||||||||||||||||||||||||||||||||||
Disposition of Treasury Stock |
350 | |||||||||||||||||||||||||||||||||||
Transfer from Revaluation Reserve for Land |
983 | |||||||||||||||||||||||||||||||||||
Net Changes in Items other than Shareholders Equity |
(350,726 | ) | 32,469 | (972 | ) | (3,297 | ) | 404 | (322,121 | ) | (1,057 | ) | (449,501 | ) | (772,680 | ) | ||||||||||||||||||||
Total Changes during the period |
(350,726 | ) | 32,469 | (972 | ) | (3,297 | ) | 404 | (322,121 | ) | (1,057 | ) | (449,501 | ) | (487,643 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Balance as of the end of the period |
1,386,622 | 59,105 | 145,446 | (43,751 | ) | 160,410 | 1,707,834 | 2,762 | 1,186,094 | 9,264,830 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-7
Mizuho Financial Group, Inc.
For the six months ended September 30, 2016
Millions of yen | ||||||||||||||||||||
Shareholders Equity | ||||||||||||||||||||
Common Stock and Preferred Stock |
Capital Surplus |
Retained Earnings |
Treasury Stock |
Total Shareholders Equity |
||||||||||||||||
Balance as of the beginning of the period |
2,255,790 | 1,110,164 | 3,197,616 | (3,609 | ) | 6,559,962 | ||||||||||||||
Cumulative Effects of Changes in Accounting Policies |
1,426 | 1,426 | ||||||||||||||||||
Balance as of the beginning of the period reflecting Changes in Accounting Policies |
2,255,790 | 1,110,164 | 3,199,042 | (3,609 | ) | 6,561,388 | ||||||||||||||
Changes during the period |
||||||||||||||||||||
Issuance of New Shares |
484 | 484 | 969 | |||||||||||||||||
Cash Dividends |
(94,827 | ) | (94,827 | ) | ||||||||||||||||
Profit Attributable to Owners of Parent |
358,183 | 358,183 | ||||||||||||||||||
Repurchase of Treasury Stock |
(1,869 | ) | (1,869 | ) | ||||||||||||||||
Disposition of Treasury Stock |
(55 | ) | 380 | 324 | ||||||||||||||||
Cancellation of Treasury Stock |
(1 | ) | 1 | | ||||||||||||||||
Transfer from Revaluation Reserve for Land |
1,683 | 1,683 | ||||||||||||||||||
Change in Treasury Shares of Parent Arising from Transactions with Non-controlling Shareholders |
706 | 706 | ||||||||||||||||||
Net Changes in Items other than Shareholders Equity |
||||||||||||||||||||
Total Changes during the period |
484 | 1,134 | 265,039 | (1,488 | ) | 265,170 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Balance as of the end of the period |
2,256,275 | 1,111,299 | 3,464,082 | (5,098 | ) | 6,826,558 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income | Stock Acquisition Rights |
Non-Controlling Interests |
Total Net Assets |
|||||||||||||||||||||||||||||||||
Net Unrealized Gains (Losses) on Other Securities |
Deferred Gains or Losses on Hedges |
Revaluation Reserve for Land |
Foreign Currency Translation Adjustments |
Remeasurements of Defined Benefit Plans |
Total Accumulated Other Comprehensive Income |
|||||||||||||||||||||||||||||||
Balance as of the beginning of the period |
1,296,039 | 165,264 | 148,483 | (53,689 | ) | 51,752 | 1,607,851 | 2,762 | 1,182,668 | 9,353,244 | ||||||||||||||||||||||||||
Cumulative Effects of Changes in Accounting Policies |
1,426 | |||||||||||||||||||||||||||||||||||
Balance as of the beginning of the period reflecting Changes in Accounting Policies |
1,296,039 | 165,264 | 148,483 | (53,689 | ) | 51,752 | 1,607,851 | 2,762 | 1,182,668 | 9,354,670 | ||||||||||||||||||||||||||
Changes during the period |
||||||||||||||||||||||||||||||||||||
Issuance of New Shares |
969 | |||||||||||||||||||||||||||||||||||
Cash Dividends |
(94,827 | ) | ||||||||||||||||||||||||||||||||||
Profit Attributable to Owners of Parent |
358,183 | |||||||||||||||||||||||||||||||||||
Repurchase of Treasury Stock |
(1,869 | ) | ||||||||||||||||||||||||||||||||||
Disposition of Treasury Stock |
324 | |||||||||||||||||||||||||||||||||||
Cancellation of Treasury Stock |
| |||||||||||||||||||||||||||||||||||
Transfer from Revaluation Reserve for Land |
1,683 | |||||||||||||||||||||||||||||||||||
Change in Treasury Shares of Parent Arising from Transactions with Non-controlling Shareholders |
706 | |||||||||||||||||||||||||||||||||||
Net Changes in Items other than Shareholders Equity |
(161,691 | ) | 1,814 | (1,689 | ) | (32,211 | ) | 13,302 | (180,475 | ) | (1,008 | ) | (468,096 | ) | (649,579 | ) | ||||||||||||||||||||
Total Changes during the period |
(161,691 | ) | 1,814 | (1,689 | ) | (32,211 | ) | 13,302 | (180,475 | ) | (1,008 | ) | (468,096 | ) | (384,409 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Balance as of the end of the period |
1,134,348 | 167,078 | 146,794 | (85,900 | ) | 65,055 | 1,427,376 | 1,754 | 714,572 | 8,970,260 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4) Note for Assumption of Going Concern
There is no applicable information.
1-8
Mizuho Financial Group, Inc.
3. Interim Non-Consolidated Financial Statements
(1) Non-Consolidated Balance Sheets
Millions of yen | ||||||||
As of March 31, 2016 |
As of September 30, 2016 |
|||||||
Assets |
||||||||
Current Assets |
||||||||
Cash and Due from Banks |
¥ | 16,442 | ¥ | 84,155 | ||||
Other Current Assets |
74,374 | 88,204 | ||||||
Total Current Assets |
90,816 | 172,359 | ||||||
Fixed Assets |
||||||||
Tangible Fixed Assets |
165,803 | 165,626 | ||||||
Intangible Fixed Assets |
8,451 | 11,502 | ||||||
Investments |
6,799,139 | 8,219,915 | ||||||
Investments in Subsidiaries and Affiliates |
6,022,661 | 6,009,518 | ||||||
Long-term Loans to Subsidiaries and Affiliates |
624,517 | 2,063,960 | ||||||
Other Investments |
151,961 | 146,436 | ||||||
Total Fixed Assets |
6,973,394 | 8,397,044 | ||||||
|
|
|
|
|||||
Total Assets |
¥ | 7,064,211 | ¥ | 8,569,404 | ||||
|
|
|
|
|||||
Liabilities |
||||||||
Current Liabilities |
||||||||
Short-term Borrowings |
¥ | 686,345 | ¥ | 515,560 | ||||
Short-term Bonds |
500,000 | 500,000 | ||||||
Accrued Corporate Taxes |
29 | 446 | ||||||
Reserve for Bonus Payments |
319 | 332 | ||||||
Reserve for Variable Compensation |
343 | 240 | ||||||
Other Current Liabilities |
10,171 | 19,072 | ||||||
Total Current Liabilities |
1,197,207 | 1,035,651 | ||||||
Non-Current Liabilities |
||||||||
Bonds and Notes |
584,517 | 1,998,960 | ||||||
Long-term Borrowings |
40,000 | 65,000 | ||||||
Reserve for Employee Retirement Benefits |
3,761 | 4,233 | ||||||
Other Non-Current Liabilities |
41,516 | 41,006 | ||||||
Total Non-Current Liabilities |
669,794 | 2,109,200 | ||||||
|
|
|
|
|||||
Total Liabilities |
¥ | 1,867,002 | ¥ | 3,144,851 | ||||
|
|
|
|
|||||
Net Assets |
||||||||
Shareholders Equity |
||||||||
Common Stock and Preferred Stock |
¥ | 2,255,790 | ¥ | 2,256,275 | ||||
Capital Surplus |
||||||||
Capital Reserve |
1,195,682 | 1,196,167 | ||||||
Other Capital Surplus |
147 | 91 | ||||||
Total Capital Surplus |
1,195,830 | 1,196,258 | ||||||
Retained Earnings |
||||||||
Appropriated Reserve |
4,350 | 4,350 | ||||||
Other Retained Earnings |
1,698,699 | 1,927,146 | ||||||
Retained Earnings Brought Forward |
1,698,699 | 1,927,146 | ||||||
Total Retained Earnings |
1,703,049 | 1,931,496 | ||||||
Treasury Stock |
(2,813 | ) | (4,141 | ) | ||||
|
|
|
|
|||||
Total Shareholders Equity |
5,151,857 | 5,379,889 | ||||||
|
|
|
|
|||||
Valuation and Translation Adjustments |
||||||||
Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
42,588 | 42,909 | ||||||
|
|
|
|
|||||
Total Valuation and Translation Adjustments |
42,588 | 42,909 | ||||||
|
|
|
|
|||||
Stock Acquisition Rights |
2,762 | 1,754 | ||||||
|
|
|
|
|||||
Total Net Assets |
5,197,208 | 5,424,552 | ||||||
|
|
|
|
|||||
Total Liabilities and Net Assets |
¥ | 7,064,211 | ¥ | 8,569,404 | ||||
|
|
|
|
1-9
Mizuho Financial Group, Inc.
(2) Non-Consolidated Statements of Income
Millions of yen | ||||||||
For the six months ended September 30, 2015 |
For the six months ended September 30, 2016 |
|||||||
Operating Income |
¥ | 311,130 | ¥ | 352,171 | ||||
Operating Expenses |
||||||||
General and Administrative Expenses |
14,047 | 18,158 | ||||||
Total Operating Expenses |
14,047 | 18,158 | ||||||
|
|
|
|
|||||
Operating Profits |
297,082 | 334,013 | ||||||
|
|
|
|
|||||
Non-Operating Income |
5,983 | 17,198 | ||||||
Non-Operating Expenses |
9,389 | 26,669 | ||||||
|
|
|
|
|||||
Ordinary Profits |
293,675 | 324,541 | ||||||
|
|
|
|
|||||
Extraordinary Gains |
8,147 | | ||||||
Extraordinary Losses |
2 | 8 | ||||||
|
|
|
|
|||||
Income before Income Taxes |
301,821 | 324,532 | ||||||
|
|
|
|
|||||
Income Taxes: |
||||||||
Current |
651 | 1,190 | ||||||
Deferred |
54 | 67 | ||||||
|
|
|
|
|||||
Total Income Taxes |
706 | 1,258 | ||||||
|
|
|
|
|||||
Net Income |
¥ | 301,115 | ¥ | 323,274 | ||||
|
|
|
|
1-10
Mizuho Financial Group, Inc.
(3) Non-Consolidated Statements of Changes in Net Assets
For the six months ended September 30, 2015
Millions of yen | ||||||||||||||||||||||||||||||||||||
Shareholders Equity | ||||||||||||||||||||||||||||||||||||
Common Stock and Preferred Stock |
Capital Surplus | Retained Earnings | Treasury Stock |
Total Shareholders Equity |
||||||||||||||||||||||||||||||||
Capital Reserve |
Other Capital Surplus |
Total Capital Surplus |
Appropriated Reserve |
Other Retained Earnings |
Total Retained Earnings |
|||||||||||||||||||||||||||||||
Retained Earnings Brought Forward |
||||||||||||||||||||||||||||||||||||
Balance as of the beginning of the period |
2,255,404 | 1,195,296 | 66 | 1,195,363 | 4,350 | 1,589,574 | 1,593,924 | (3,011 | ) | 5,041,680 | ||||||||||||||||||||||||||
Changes during the period |
||||||||||||||||||||||||||||||||||||
Issuance of New Shares |
386 | 386 | 386 | 772 | ||||||||||||||||||||||||||||||||
Cash Dividends |
(100,584 | ) | (100,584 | ) | (100,584 | ) | ||||||||||||||||||||||||||||||
Net Income |
301,115 | 301,115 | 301,115 | |||||||||||||||||||||||||||||||||
Repurchase of Treasury Stock |
(8 | ) | (8 | ) | ||||||||||||||||||||||||||||||||
Disposition of Treasury Stock |
82 | 82 | 210 | 292 | ||||||||||||||||||||||||||||||||
Net Changes in Items other than Shareholders Equity |
||||||||||||||||||||||||||||||||||||
Total Changes during the period |
386 | 386 | 82 | 468 | | 200,531 | 200,531 | 202 | 201,587 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Balance as of the end of the period |
2,255,790 | 1,195,682 | 148 | 1,195,831 | 4,350 | 1,790,105 | 1,794,455 | (2,809 | ) | 5,243,268 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation and Translation Adjustments |
Stock Acquisition Rights |
Total Net Assets | ||||||||||
Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
||||||||||||
Balance as of the beginning of the period |
50,704 | 3,820 | 5,096,205 | |||||||||
Changes during the period |
||||||||||||
Issuance of New Shares |
772 | |||||||||||
Cash Dividends |
(100,584 | ) | ||||||||||
Net Income |
301,115 | |||||||||||
Repurchase of Treasury Stock |
(8 | ) | ||||||||||
Disposition of Treasury Stock |
292 | |||||||||||
Net Changes in Items other than Shareholders Equity |
(17,170 | ) | (1,057 | ) | (18,228 | ) | ||||||
Total Changes during the period |
(17,170 | ) | (1,057 | ) | 183,359 | |||||||
|
|
|
|
|
|
|||||||
Balance as of the end of the period |
33,534 | 2,762 | 5,279,565 | |||||||||
|
|
|
|
|
|
1-11
Mizuho Financial Group, Inc.
For the six months ended September 30, 2016
Millions of yen | ||||||||||||||||||||||||||||||||||||
Shareholders Equity | ||||||||||||||||||||||||||||||||||||
Common Stock and Preferred Stock |
Capital Surplus | Retained Earnings | Treasury Stock |
Total Shareholders Equity |
||||||||||||||||||||||||||||||||
Capital Reserve |
Other Capital Surplus |
Total Capital Surplus |
Appropriated Reserve |
Other Retained Earnings |
Total Retained Earnings |
|||||||||||||||||||||||||||||||
Retained Earnings Brought Forward |
||||||||||||||||||||||||||||||||||||
Balance as of the beginning of the period |
2,255,790 | 1,195,682 | 147 | 1,195,830 | 4,350 | 1,698,699 | 1,703,049 | (2,813 | ) | 5,151,857 | ||||||||||||||||||||||||||
Changes during the period |
||||||||||||||||||||||||||||||||||||
Issuance of New Shares |
484 | 484 | 484 | 969 | ||||||||||||||||||||||||||||||||
Cash Dividends |
(94,827 | ) | (94,827 | ) | (94,827 | ) | ||||||||||||||||||||||||||||||
Net Income |
323,274 | 323,274 | 323,274 | |||||||||||||||||||||||||||||||||
Repurchase of Treasury Stock |
(1,430 | ) | (1,430 | ) | ||||||||||||||||||||||||||||||||
Disposition of Treasury Stock |
(55 | ) | (55 | ) | 101 | 46 | ||||||||||||||||||||||||||||||
Cancellation of Treasury Stock |
(1 | ) | (1 | ) | 1 | | ||||||||||||||||||||||||||||||
Net Changes in Items other than Shareholders Equity |
||||||||||||||||||||||||||||||||||||
Total Changes during the period |
484 | 484 | (56 | ) | 428 | | 228,446 | 228,446 | (1,327 | ) | 228,031 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Balance as of the end of the period |
2,256,275 | 1,196,167 | 91 | 1,196,258 | 4,350 | 1,927,146 | 1,931,496 | (4,141 | ) | 5,379,889 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation and Translation Adjustments |
Stock Acquisition Rights |
Total Net Assets | ||||||||||
Net Unrealized Gains (Losses) on Other Securities, net of Taxes |
||||||||||||
Balance as of the beginning of the period |
42,588 | 2,762 | 5,197,208 | |||||||||
Changes during the period |
||||||||||||
Issuance of New Shares |
969 | |||||||||||
Cash Dividends |
(94,827 | ) | ||||||||||
Net Income |
323,274 | |||||||||||
Repurchase of Treasury Stock |
(1,430 | ) | ||||||||||
Disposition of Treasury Stock |
46 | |||||||||||
Cancellation of Treasury Stock |
| |||||||||||
Net Changes in Items other than Shareholders Equity |
320 | (1,008 | ) | (687 | ) | |||||||
Total Changes during the period |
320 | (1,008 | ) | 227,343 | ||||||||
|
|
|
|
|
|
|||||||
Balance as of the end of the period |
42,909 | 1,754 | 5,424,552 | |||||||||
|
|
|
|
|
|
1-12
SELECTED FINANCIAL INFORMATION
For the Second Quarter (First Half) of Fiscal 2016
(Six months ended September 30, 2016)
<Under Japanese GAAP>
Mizuho Financial Group, Inc.
C O N T E N T S
Notes:
CON: Consolidated figures for Mizuho Financial Group, Inc. (MHFG)
NON: Non-consolidated figures for Mizuho Financial Group, Inc., Mizuho Bank, Ltd. (MHBK) and Mizuho Trust & Banking Co., Ltd. (MHTB)
I. FINANCIAL DATA FOR THE FIRST HALF OF FISCAL 2016 |
See above Notes | Page | ||||||||||
1. Income Analysis |
CON | NON | 2-1 | |||||||||
2. Interest Margins (Domestic Operations) |
NON | 2-5 | ||||||||||
3. Use and Source of Funds |
NON | 2-6 | ||||||||||
4. Net Gains/Losses on Securities |
CON | NON | 2-7 | |||||||||
5. Unrealized Gains/Losses on Securities |
CON | NON | 2-9 | |||||||||
6. Projected Redemption Amounts for Securities |
NON | 2-11 | ||||||||||
7. Overview of Derivative Transactions Qualifying for Hedge Accounting |
NON | 2-12 | ||||||||||
8. Employee Retirement Benefits |
NON | CON | 2-13 | |||||||||
9. Capital Ratio |
CON | NON | 2-15 |
II. REVIEW OF CREDITS |
See above Notes | Page | ||||||||||
1. Status of Non-Accrual, Past Due & Restructured Loans |
CON | NON | 2-16 | |||||||||
2. Status of Reserves for Possible Losses on Loans |
CON | NON | 2-18 | |||||||||
3. Reserve Ratios for Non-Accrual, Past Due & Restructured Loans |
CON | NON | 2-19 | |||||||||
4. Status of Disclosed Claims under the Financial Reconstruction Act (FRA) |
CON | NON | 2-20 | |||||||||
5. Coverage on Disclosed Claims under the FRA |
NON | 2-22 | ||||||||||
6. Overview of Non-Performing Loans(NPLs) |
NON | 2-24 | ||||||||||
7. Results of Removal of NPLs from the Balance Sheet |
NON | 2-25 | ||||||||||
8. Status of Loans by Industry |
||||||||||||
(1) Outstanding Balances and Non-Accrual, Past Due & Restructured Loans by Industry |
NON | 2-26 | ||||||||||
(2) Disclosed Claims under the FRA and Coverage Ratio by Industry |
NON | 2-28 | ||||||||||
9. Housing and Consumer Loans & Loans to Small and Medium-Sized Enterprises (SMEs) and Individual Customers |
||||||||||||
(1) Balance of Housing and Consumer Loans |
NON | 2-29 | ||||||||||
(2) Loans to SMEs and Individual Customers |
NON | 2-29 | ||||||||||
10. Status of Loans by Region |
NON | 2-30 | ||||||||||
III. DEFERRED TAXES |
See above Notes | Page | ||||||||||
1. Estimation for Calculating Deferred Tax Assets |
NON | 2-31 |
IV. OTHERS |
See above Notes | Page | ||||||||||
1. Breakdown of Deposits (Domestic Offices) |
NON | 2-33 | ||||||||||
2. Number of Directors and Employees |
NON | 2-34 | ||||||||||
3. Number of Branches and Offices |
NON | 2-35 | ||||||||||
4. Earnings Plan for Fiscal 2016 |
CON | NON | 2-36 | |||||||||
Attachments |
Page | |||||||||||
Mizuho Bank, Ltd. |
||||||||||||
Comparison of Non-Consolidated Balance Sheets (selected items) |
2-37 | |||||||||||
Comparison of Non-Consolidated Statements of Income (selected items) |
2-38 | |||||||||||
Mizuho Trust & Banking Co., Ltd. |
||||||||||||
Comparison of Non-Consolidated Balance Sheets (selected items) |
2-39 | |||||||||||
Comparison of Non-Consolidated Statements of Income (selected items) |
2-40 | |||||||||||
Statement of Trust Assets and Liabilities |
2-41 | |||||||||||
Comparison of Balances of Principal Items |
2-42 | |||||||||||
Mizuho Securities Co., Ltd. |
||||||||||||
Comparison of Non-Consolidated Balance Sheets (selected items) |
2-43 | |||||||||||
Comparison of Non-Consolidated Statements of Income (selected items) |
2-44 |
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: 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; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our Medium-term 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 InformationRisk 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 SECs 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.
I. FINANCIAL DATA FOR THE FIRST HALF OF FISCAL 2016
1. Income Analysis
Consolidated
(Millions of yen) | ||||||||||||||||
First Half of Fiscal 2016 | ||||||||||||||||
Change | First Half of Fiscal 2015 |
|||||||||||||||
Consolidated Gross Profits |
1 | 1,089,677 | (42,179 | ) | 1,131,857 | |||||||||||
Net Interest Income |
2 | 436,380 | (87,131 | ) | 523,511 | |||||||||||
Fiduciary Income |
3 | 24,729 | (1,669 | ) | 26,399 | |||||||||||
Credit Costs for Trust Accounts |
4 | | | | ||||||||||||
Net Fee and Commission Income |
5 | 282,910 | (10,048 | ) | 292,958 | |||||||||||
Net Trading Income |
6 | 212,404 | 68,277 | 144,127 | ||||||||||||
Net Other Operating Income |
7 | 133,252 | (11,607 | ) | 144,859 | |||||||||||
General and Administrative Expenses |
8 | (704,164 | ) | (30,708 | ) | (673,456 | ) | |||||||||
Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans) |
9 | (10,313 | ) | 3,737 | (14,050 | ) | ||||||||||
Losses on Write-offs of Loans |
10 | (10,480 | ) | 3,740 | (14,220 | ) | ||||||||||
Gains on Reversal of Reserves for Possible Losses on Loans, and others |
11 | 23,843 | 5,844 | 17,998 | ||||||||||||
Net Gains (Losses) related to Stocks |
12 | 60,862 | (53,988 | ) | 114,850 | |||||||||||
Equity in Income from Investments in Affiliates |
13 | 11,327 | (5,201 | ) | 16,529 | |||||||||||
Other |
14 | (50,288 | ) | (31,149 | ) | (19,139 | ) | |||||||||
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Ordinary Profits |
15 | 420,944 | (153,645 | ) | 574,590 | |||||||||||
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Net Extraordinary Gains (Losses) |
16 | (1,819 | ) | (19,159 | ) | 17,340 | ||||||||||
Income before Income Taxes |
17 | 419,125 | (172,804 | ) | 591,930 | |||||||||||
Income TaxesCurrent |
18 | (101,907 | ) | 32,906 | (134,814 | ) | ||||||||||
Deferred |
19 | 63,140 | 101,994 | (38,853 | ) | |||||||||||
Profit |
20 | 380,358 | (37,903 | ) | 418,262 | |||||||||||
Profit Attributable to Non-controlling Interests |
21 | (22,175 | ) | 11,889 | (34,064 | ) | ||||||||||
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Profit Attributable to Owners of Parent |
22 | 358,183 | (26,014 | ) | 384,198 | |||||||||||
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Credit-related Costs (including Credit Costs for Trust Accounts) |
23 | 13,529 | 9,581 | 3,948 | ||||||||||||
* Credit-related Costs [23] = 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 [11] + Credit Costs for Trust Accounts [4] |
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(Reference) | ||||||||||||||||
Consolidated Net Business Profits |
24 | 403,245 | (43,480 | ) | 446,725 | |||||||||||
* Consolidated Net Business Profits [24] = Consolidated Gross Profits [1] General and Administrative Expenses (excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments |
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Number of consolidated subsidiaries |
25 | 142 | (5 | ) | 147 | |||||||||||
Number of affiliates under the equity method |
26 | 22 | (2 | ) | 24 |
2-1
Mizuho Financial Group, Inc.
Aggregate Figures for the 2 Banks
Non-Consolidated
(Millions of yen) | ||||||||||||||||||||||||
First Half of Fiscal 2016 | First Half of Fiscal 2015 |
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MHBK | MHTB | Aggregate Figures |
Change | |||||||||||||||||||||
Gross Profits |
1 | 707,357 | 60,815 | 768,172 | (54,809 | ) | 822,982 | |||||||||||||||||
Domestic Gross Profits |
2 | 419,605 | 54,575 | 474,180 | (2,531 | ) | 476,711 | |||||||||||||||||
Net Interest Income |
3 | 260,933 | 12,363 | 273,296 | (26,709 | ) | 300,006 | |||||||||||||||||
Fiduciary Income |
4 | 24,295 | 24,295 | (2,487 | ) | 26,782 | ||||||||||||||||||
Trust Fees for Jointly Operated Designated Money Trust |
5 | 1,596 | 1,596 | 141 | 1,455 | |||||||||||||||||||
Credit Costs for Trust Accounts * |
6 | | | | | |||||||||||||||||||
Net Fee and Commission Income |
7 | 114,490 | 12,718 | 127,208 | 5,575 | 121,633 | ||||||||||||||||||
Net Trading Income |
8 | (5,326 | ) | 1,590 | (3,736 | ) | (7,385 | ) | 3,648 | |||||||||||||||
Net Other Operating Income |
9 | 49,508 | 3,607 | 53,116 | 28,475 | 24,640 | ||||||||||||||||||
International Gross Profits |
10 | 287,752 | 6,239 | 293,992 | (52,278 | ) | 346,270 | |||||||||||||||||
Net Interest Income |
11 | 101,427 | 2,936 | 104,363 | (46,515 | ) | 150,878 | |||||||||||||||||
Net Fee and Commission Income |
12 | 69,129 | (587 | ) | 68,542 | (8,762 | ) | 77,305 | ||||||||||||||||
Net Trading Income |
13 | 80,390 | (1,113 | ) | 79,276 | 38,834 | 40,442 | |||||||||||||||||
Net Other Operating Income |
14 | 36,804 | 5,004 | 41,809 | (35,834 | ) | 77,644 | |||||||||||||||||
General and Administrative Expenses (excluding Non-Recurring Losses) |
15 | (423,676 | ) | (40,662 | ) | (464,339 | ) | (7,745 | ) | (456,593 | ) | |||||||||||||
Expense Ratio |
16 | 59.8 | % | 66.8 | % | 60.4 | % | 4.9 | % | 55.4 | % | |||||||||||||
Personnel Expenses |
17 | (156,150 | ) | (19,078 | ) | (175,229 | ) | (4,773 | ) | (170,456 | ) | |||||||||||||
Non-Personnel Expenses |
18 | (238,715 | ) | (19,514 | ) | (258,230 | ) | (1,208 | ) | (257,022 | ) | |||||||||||||
Premium for Deposit Insurance |
19 | (16,079 | ) | (708 | ) | (16,788 | ) | (882 | ) | (15,905 | ) | |||||||||||||
Miscellaneous Taxes |
20 | (28,810 | ) | (2,069 | ) | (30,879 | ) | (1,764 | ) | (29,115 | ) | |||||||||||||
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Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) |
21 | 283,681 | 20,152 | 303,833 | (62,555 | ) | 366,389 | |||||||||||||||||
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Excluding Net Gains (Losses) related to Bonds |
22 | 190,713 | 11,521 | 202,234 | (87,164 | ) | 289,399 | |||||||||||||||||
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Reversal of (Provision for) General Reserve for Losses on Loans |
23 | 8,685 | | 8,685 | 8,685 | | ||||||||||||||||||
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Net Business Profits |
24 | 292,366 | 20,152 | 312,518 | (53,870 | ) | 366,389 | |||||||||||||||||
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Net Gains (Losses) related to Bonds |
25 | 92,967 | 8,631 | 101,598 | 24,609 | 76,989 | ||||||||||||||||||
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Net Non-Recurring Gains (Losses) |
26 | (11,196 | ) | 10,699 | (496 | ) | (75,905 | ) | 75,409 | |||||||||||||||
Net Gains (Losses) related to Stocks |
27 | 51,346 | 14,039 | 65,385 | (34,270 | ) | 99,656 | |||||||||||||||||
Expenses related to Portfolio Problems |
28 | (15,823 | ) | (2 | ) | (15,825 | ) | (3,810 | ) | (12,015 | ) | |||||||||||||
Gains on Reversal of Reserves for Possible Losses on Loans, and others |
29 | 16,094 | 471 | 16,565 | 5,017 | 11,548 | ||||||||||||||||||
Other |
30 | (62,813 | ) | (3,809 | ) | (66,622 | ) | (42,842 | ) | (23,780 | ) | |||||||||||||
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Ordinary Profits |
31 | 281,170 | 30,851 | 312,022 | (129,775 | ) | 441,798 | |||||||||||||||||
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Net Extraordinary Gains (Losses) |
32 | (1,220 | ) | (61 | ) | (1,282 | ) | (6,297 | ) | 5,014 | ||||||||||||||
Net Gains (Losses) on Disposition of Fixed Assets |
33 | 184 | (61 | ) | 122 | (5,161 | ) | 5,284 | ||||||||||||||||
Losses on Impairment of Fixed Assets |
34 | (1,405 | ) | | (1,405 | ) | (1,135 | ) | (269 | ) | ||||||||||||||
Income before Income Taxes |
35 | 279,949 | 30,789 | 310,739 | (136,072 | ) | 446,812 | |||||||||||||||||
Income TaxesCurrent |
36 | (76,978 | ) | (7,952 | ) | (84,930 | ) | 31,518 | (116,448 | ) | ||||||||||||||
Deferred |
37 | 9,716 | (261 | ) | 9,455 | 35,770 | (26,315 | ) | ||||||||||||||||
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Net Income |
38 | 212,688 | 22,576 | 235,264 | (68,783 | ) | 304,048 | |||||||||||||||||
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* 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 [6]. |
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Credit-related Costs |
39 | 8,955 | 469 | 9,425 | 9,892 | (466 | ) | |||||||||||||||||
* Credit-related Costs [39] = Expenses related to Portfolio Problems [28] + Reversal of (Provision for) General Reserve for Losses on Loans [23] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [29] + Credit Costs for Trust Accounts [6] |
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(Reference) Breakdown of Credit-related Costs |
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Credit Costs for Trust Accounts |
40 | | | | | |||||||||||||||||||
Reversal of (Provision for) General Reserve for Losses on Loans |
41 | 8,685 | 352 | 9,038 | 7,209 | 1,829 | ||||||||||||||||||
Losses on Write-offs of Loans |
42 | 7,427 | (2 | ) | 7,425 | 10,637 | (3,211 | ) | ||||||||||||||||
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans |
43 | (7,091 | ) | 118 | (6,973 | ) | (7,548 | ) | 575 | |||||||||||||||
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries |
44 | 4 | 0 | 4 | (580 | ) | 584 | |||||||||||||||||
Reversal of (Provision for) Reserve for Contingencies |
45 | 362 | | 362 | 169 | 192 | ||||||||||||||||||
Other (including Losses on Sales of Loans) |
46 | (431 | ) | | (431 | ) | 5 | (437 | ) | |||||||||||||||
Total |
47 | 8,955 | 469 | 9,425 | 9,892 | (466 | ) |
2-2
Mizuho Financial Group, Inc.
Mizuho Bank
Non-Consolidated
(Millions of yen) | ||||||||||||||||
First Half of Fiscal 2016 | ||||||||||||||||
Change | First Half of Fiscal 2015 |
|||||||||||||||
Gross Profits |
1 | 707,357 | (48,921 | ) | 756,279 | |||||||||||
Domestic Gross Profits |
2 | 419,605 | (3,058 | ) | 422,663 | |||||||||||
Net Interest Income |
3 | 260,933 | (23,865 | ) | 284,799 | |||||||||||
Net Fee and Commission Income |
4 | 114,490 | 4,376 | 110,113 | ||||||||||||
Net Trading Income |
5 | (5,326 | ) | (11,491 | ) | 6,164 | ||||||||||
Net Other Operating Income |
6 | 49,508 | 27,922 | 21,586 | ||||||||||||
International Gross Profits |
7 | 287,752 | (45,863 | ) | 333,616 | |||||||||||
Net Interest Income |
8 | 101,427 | (44,631 | ) | 146,058 | |||||||||||
Net Fee and Commission Income |
9 | 69,129 | (8,454 | ) | 77,584 | |||||||||||
Net Trading Income |
10 | 80,390 | 43,353 | 37,037 | ||||||||||||
Net Other Operating Income |
11 | 36,804 | (36,130 | ) | 72,935 | |||||||||||
General and Administrative Expenses (excluding Non-Recurring Losses) |
12 | (423,676 | ) | (5,845 | ) | (417,831 | ) | |||||||||
Expense Ratio |
13 | 59.8 | % | 4.6 | % | 55.2 | % | |||||||||
Personnel Expenses |
14 | (156,150 | ) | (3,665 | ) | (152,485 | ) | |||||||||
Non-Personnel Expenses |
15 | (238,715 | ) | (448 | ) | (238,266 | ) | |||||||||
Premium for Deposit Insurance |
16 | (16,079 | ) | (794 | ) | (15,285 | ) | |||||||||
Miscellaneous Taxes |
17 | (28,810 | ) | (1,730 | ) | (27,079 | ) | |||||||||
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Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) |
18 | 283,681 | (54,767 | ) | 338,448 | |||||||||||
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Excluding Net Gains (Losses) related to Bonds |
19 | 190,713 | (78,642 | ) | 269,355 | |||||||||||
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Reversal of (Provision for) General Reserve for Losses on Loans |
20 | 8,685 | 8,685 | | ||||||||||||
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Net Business Profits |
21 | 292,366 | (46,082 | ) | 338,448 | |||||||||||
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Net Gains (Losses) related to Bonds |
22 | 92,967 | 23,874 | 69,092 | ||||||||||||
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Net Non-Recurring Gains (Losses) |
23 | (11,196 | ) | (83,802 | ) | 72,606 | ||||||||||
Net Gains (Losses) related to Stocks |
24 | 51,346 | (45,591 | ) | 96,938 | |||||||||||
Expenses related to Portfolio Problems |
25 | (15,823 | ) | (3,808 | ) | (12,015 | ) | |||||||||
Gains on Reversal of Reserves for Possible Losses on Loans, and others |
26 | 16,094 | 5,566 | 10,528 | ||||||||||||
Other |
27 | (62,813 | ) | (39,969 | ) | (22,844 | ) | |||||||||
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Ordinary Profits |
28 | 281,170 | (129,884 | ) | 411,055 | |||||||||||
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Net Extraordinary Gains (Losses) |
29 | (1,220 | ) | (5,492 | ) | 4,271 | ||||||||||
Net Gains (Losses) on Disposition of Fixed Assets |
30 | 184 | (4,356 | ) | 4,541 | |||||||||||
Losses on Impairment of Fixed Assets |
31 | (1,405 | ) | (1,135 | ) | (269 | ) | |||||||||
Income before Income Taxes |
32 | 279,949 | (135,377 | ) | 415,326 | |||||||||||
Income TaxesCurrent |
33 | (76,978 | ) | 33,172 | (110,150 | ) | ||||||||||
Deferred |
34 | 9,716 | 32,467 | (22,750 | ) | |||||||||||
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Net Income |
35 | 212,688 | (69,737 | ) | 282,426 | |||||||||||
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Credit-related Costs |
36 | 8,955 | 10,443 | (1,487 | ) | |||||||||||
* Credit-related Costs [36] = Expenses related to Portfolio Problems [25] + Reversal of (Provision for) General Reserve for Losses on Loans [20] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [26] |
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(Reference) Breakdown of Credit-related Costs |
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Reversal of (Provision for) General Reserve for Losses on Loans |
37 | 8,685 | 7,427 | 1,257 | ||||||||||||
Losses on Write-offs of Loans |
38 | 7,427 | 10,639 | (3,211 | ) | |||||||||||
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans |
39 | (7,091 | ) | (7,218 | ) | 126 | ||||||||||
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries |
40 | 4 | (580 | ) | 584 | |||||||||||
Reversal of (Provision for) Reserve for Contingencies |
41 | 362 | 169 | 192 | ||||||||||||
Other (including Losses on Sales of Loans) |
42 | (431 | ) | 5 | (437 | ) | ||||||||||
Total |
43 | 8,955 | 10,443 | (1,487 | ) |
2-3
Mizuho Financial Group, Inc.
Mizuho Trust & Banking
Non-Consolidated
(Millions of yen) | ||||||||||||||||
First Half of Fiscal 2016 |
First Half
of Fiscal 2015 |
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Change | ||||||||||||||||
Gross Profits |
1 | 60,815 | (5,887 | ) | 66,703 | |||||||||||
Domestic Gross Profits |
2 | 54,575 | 527 | 54,048 | ||||||||||||
Net Interest Income |
3 | 12,363 | (2,843 | ) | 15,207 | |||||||||||
Fiduciary Income |
4 | 24,295 | (2,487 | ) | 26,782 | |||||||||||
Trust Fees for Jointly Operated Designated Money Trust |
5 | 1,596 | 141 | 1,455 | ||||||||||||
Credit Costs for Trust Accounts * |
6 | | | | ||||||||||||
Net Fee and Commission Income |
7 | 12,718 | 1,198 | 11,519 | ||||||||||||
Net Trading Income |
8 | 1,590 | 4,106 | (2,516 | ) | |||||||||||
Net Other Operating Income |
9 | 3,607 | 553 | 3,054 | ||||||||||||
International Gross Profits |
10 | 6,239 | (6,414 | ) | 12,654 | |||||||||||
Net Interest Income |
11 | 2,936 | (1,884 | ) | 4,820 | |||||||||||
Net Fee and Commission Income |
12 | (587 | ) | (307 | ) | (279 | ) | |||||||||
Net Trading Income |
13 | (1,113 | ) | (4,518 | ) | 3,404 | ||||||||||
Net Other Operating Income |
14 | 5,004 | 295 | 4,708 | ||||||||||||
General and Administrative Expenses (excluding Non-Recurring Losses) |
15 | (40,662 | ) | (1,900 | ) | (38,762 | ) | |||||||||
Expense Ratio |
16 | 66.8 | % | 8.7 | % | 58.1 | % | |||||||||
Personnel Expenses |
17 | (19,078 | ) | (1,107 | ) | (17,971 | ) | |||||||||
Non-Personnel Expenses |
18 | (19,514 | ) | (759 | ) | (18,755 | ) | |||||||||
Premium for Deposit Insurance |
19 | (708 | ) | (88 | ) | (619 | ) | |||||||||
Miscellaneous Taxes |
20 | (2,069 | ) | (33 | ) | (2,035 | ) | |||||||||
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Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) |
21 | 20,152 | (7,788 | ) | 27,940 | |||||||||||
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Excluding Net Gains (Losses) related to Bonds |
22 | 11,521 | (8,522 | ) | 20,043 | |||||||||||
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Reversal of (Provision for) General Reserve for Losses on Loans |
23 | | | | ||||||||||||
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Net Business Profits |
24 | 20,152 | (7,788 | ) | 27,940 | |||||||||||
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Net Gains (Losses) related to Bonds |
25 | 8,631 | 734 | 7,897 | ||||||||||||
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Net Non-Recurring Gains (Losses) |
26 | 10,699 | 7,897 | 2,802 | ||||||||||||
Net Gains (Losses) related to Stocks |
27 | 14,039 | 11,321 | 2,717 | ||||||||||||
Expenses related to Portfolio Problems |
28 | (2 | ) | (2 | ) | (0 | ) | |||||||||
Gains on Reversal of Reserves for Possible Losses on Loans, and others |
29 | 471 | (548 | ) | 1,020 | |||||||||||
Other |
30 | (3,809 | ) | (2,873 | ) | (936 | ) | |||||||||
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Ordinary Profits |
31 | 30,851 | 108 | 30,742 | ||||||||||||
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Net Extraordinary Gains (Losses) |
32 | (61 | ) | (804 | ) | 742 | ||||||||||
Net Gains (Losses) on Disposition of Fixed Assets |
33 | (61 | ) | (804 | ) | 742 | ||||||||||
Losses on Impairment of Fixed Assets |
34 | | | | ||||||||||||
Income before Income Taxes |
35 | 30,789 | (695 | ) | 31,485 | |||||||||||
Income TaxesCurrent |
36 | (7,952 | ) | (1,653 | ) | (6,298 | ) | |||||||||
Deferred |
37 | (261 | ) | 3,303 | (3,564 | ) | ||||||||||
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Net Income |
38 | 22,576 | 953 | 21,622 | ||||||||||||
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* Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) excludes the amounts of Credit Costs for Trust Accounts [6]. |
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Credit-related Costs |
39 | 469 | (551 | ) | 1,020 | |||||||||||
* Credit-related Costs [39] = Expenses related to Portfolio Problems [28] + Reversal of (Provision for) General Reserve for Losses on Loans [23] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [29] + Credit Costs for Trust Accounts [6] |
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(Reference) Breakdown of Credit-related Costs |
||||||||||||||||
Credit Costs for Trust Accounts |
40 | | | | ||||||||||||
Reversal of (Provision for) General Reserve for Losses on Loans |
41 | 352 | (218 | ) | 571 | |||||||||||
Losses on Write-offs of Loans |
42 | (2 | ) | (2 | ) | (0 | ) | |||||||||
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans |
43 | 118 | (330 | ) | 449 | |||||||||||
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries |
44 | 0 | 0 | | ||||||||||||
Reversal of (Provision for) Reserve for Contingencies |
45 | | | | ||||||||||||
Other (including Losses on Sales of Loans) |
46 | | | | ||||||||||||
Total |
47 | 469 | (551 | ) | 1,020 |
2-4
Mizuho Financial Group, Inc.
2. Interest Margins (Domestic Operations)
Non-Consolidated
(%) | ||||||||||||||||||||
Mizuho Bank |
First Half of Fiscal 2016 |
First Half
of Fiscal 2015 |
||||||||||||||||||
Change | ||||||||||||||||||||
Return on Interest-Earning Assets |
1 | 0.57 | (0.06 | ) | 0.64 | |||||||||||||||
Return on Loans and Bills Discounted *1 |
2 | 0.90 | (0.09 | ) | 1.00 | |||||||||||||||
Return on Securities |
3 | 0.48 | 0.01 | 0.47 | ||||||||||||||||
Cost of Funding (including Expenses) |
4 | 0.73 | 0.00 | 0.73 | ||||||||||||||||
Cost of Deposits (including Expenses) |
5 | 0.79 | (0.01 | ) | 0.80 | |||||||||||||||
Cost of Deposits *2 |
6 | 0.01 | (0.03 | ) | 0.04 | |||||||||||||||
Cost of Other External Liabilities |
7 | 0.20 | 0.03 | 0.17 | ||||||||||||||||
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Net Interest Margin |
(1)-(4) | 8 | (0.15 | ) | (0.07 | ) | (0.08 | ) | ||||||||||||
Loan and Deposit Rate Margin (including Expenses) |
(2)-(5) | 9 | 0.10 | (0.08 | ) | 0.19 | ||||||||||||||
Loan and Deposit Rate Margin |
(2)-(6) | 10 | 0.89 | (0.06 | ) | 0.96 | ||||||||||||||
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*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). *2 Deposits include Negotiable Certificates of Deposit (NCDs).
(Reference) After excluding loans to the Japanese government and others
|
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Return on Loans and Bills Discounted |
11 | 0.96 | (0.10 | ) | 1.06 | |||||||||||||||
Loan and Deposit Rate Margin (including Expenses) |
(11)-(5) | 12 | 0.17 | (0.08 | ) | 0.25 | ||||||||||||||
Loan and Deposit Rate Margin |
(11)-(6) | 13 | 0.95 | (0.07 | ) | 1.02 | ||||||||||||||
(%) | ||||||||||||||||||||
Mizuho Trust & Banking |
First Half of Fiscal 2016 |
First Half of Fiscal 2015 |
||||||||||||||||||
Change | ||||||||||||||||||||
Return on Interest-Earning Assets |
14 | 0.49 | (0.18 | ) | 0.68 | |||||||||||||||
Return on Loans and Bills Discounted *1 |
15 | 0.68 | (0.23 | ) | 0.91 | |||||||||||||||
Return on Securities |
16 | 0.76 | (0.29 | ) | 1.06 | |||||||||||||||
Cost of Funding |
17 | 0.09 | (0.07 | ) | 0.16 | |||||||||||||||
Cost of Deposits *2 |
18 | 0.04 | (0.03 | ) | 0.07 | |||||||||||||||
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Net Interest Margin |
(14)-(17) | 19 | 0.40 | (0.11 | ) | 0.52 | ||||||||||||||
Loan and Deposit Rate Margin |
(15)-(18) | 20 | 0.64 | (0.19 | ) | 0.83 | ||||||||||||||
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*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
|
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Return on Loans and Bills Discounted |
21 | 0.75 | (0.16 | ) | 0.92 | |||||||||||||||
Loan and Deposit Rate Margin |
(21)-(18) | 22 | 0.71 | (0.13 | ) | 0.84 | ||||||||||||||
(Reference) | (%) | |||||||||||||||||||
Aggregate Figures for the 2 Banks |
First Half of Fiscal 2016 |
First Half of Fiscal 2015 |
||||||||||||||||||
Change | ||||||||||||||||||||
Return on Loans and Bills Discounted *1 |
23 | 0.88 | (0.10 | ) | 0.99 | |||||||||||||||
Cost of Deposits *2 |
24 | 0.01 | (0.03 | ) | 0.04 | |||||||||||||||
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Loan and Deposit Rate Margin |
(23)-(24) | 25 | 0.87 | (0.07 | ) | 0.95 | ||||||||||||||
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*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). |
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*2 Deposits include NCDs. |
| |||||||||||||||||||
(Reference) After excluding loans to the Japanese government and others
|
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Return on Loans and Bills Discounted |
26 | 0.94 | (0.11 | ) | 1.05 | |||||||||||||||
Loan and Deposit Rate Margin |
(26)-(24) | 27 | 0.93 | (0.07 | ) | 1.01 |
2-5
Mizuho Financial Group, Inc.
3. Use and Source of Funds
Non-Consolidated
Mizuho Bank
(Millions of yen, %) | ||||||||||||||||||||||||
First Half of Fiscal 2016 | First Half of Fiscal 2015 | |||||||||||||||||||||||
Change | ||||||||||||||||||||||||
Average Balance | Rate | Average Balance | Rate | Average Balance | Rate | |||||||||||||||||||
(Total) |
||||||||||||||||||||||||
Use of Funds |
140,372,105 | 0.81 | (2,017,379 | ) | (0.04 | ) | 142,389,485 | 0.85 | ||||||||||||||||
Loans and Bills Discounted |
68,297,590 | 1.13 | (2,191,933 | ) | (0.00 | ) | 70,489,523 | 1.13 | ||||||||||||||||
Securities |
31,438,449 | 0.76 | (6,196,201 | ) | (0.00 | ) | 37,634,651 | 0.76 | ||||||||||||||||
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Source of Funds |
140,082,105 | 0.29 | (1,959,741 | ) | 0.04 | 142,041,847 | 0.24 | |||||||||||||||||
Deposits |
102,255,276 | 0.15 | 8,050,164 | 0.03 | 94,205,111 | 0.12 | ||||||||||||||||||
NCDs |
9,334,025 | 0.37 | (6,723,681 | ) | 0.17 | 16,057,707 | 0.20 | |||||||||||||||||
(Domestic Operations) |
||||||||||||||||||||||||
Use of Funds |
98,899,606 | 0.57 | (1,704,621 | ) | (0.06 | ) | 100,604,227 | 0.64 | ||||||||||||||||
Loans and Bills Discounted |
46,087,694 | 0.89 | (1,243,518 | ) | (0.10 | ) | 47,331,212 | 0.99 | ||||||||||||||||
Securities |
19,678,561 | 0.48 | (5,760,475 | ) | 0.01 | 25,439,036 | 0.47 | |||||||||||||||||
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Source of Funds |
98,937,606 | 0.05 | (1,215,182 | ) | (0.02 | ) | 100,152,788 | 0.08 | ||||||||||||||||
Deposits |
80,746,519 | 0.01 | 6,651,088 | (0.02 | ) | 74,095,430 | 0.03 | |||||||||||||||||
NCDs |
5,924,246 | 0.01 | (4,758,106 | ) | (0.06 | ) | 10,682,352 | 0.08 | ||||||||||||||||
(International Operations) |
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Use of Funds |
44,374,602 | 1.29 | (870,816 | ) | 0.04 | 45,245,418 | 1.25 | |||||||||||||||||
Loans and Bills Discounted |
22,209,896 | 1.62 | (948,414 | ) | 0.21 | 23,158,311 | 1.41 | |||||||||||||||||
Securities |
11,759,887 | 1.22 | (435,726 | ) | (0.15 | ) | 12,195,614 | 1.37 | ||||||||||||||||
|
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Source of Funds |
44,046,602 | 0.84 | (1,302,617 | ) | 0.24 | 45,349,219 | 0.60 | |||||||||||||||||
Deposits |
21,508,756 | 0.69 | 1,399,075 | &n |