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 August 2023 Commission File Number 001-33098 Mizuho Financial Group, Inc. (Translation of registrant's 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 co ...

Financial Performance - For the fiscal year 2023, Mizuho Financial Group reported net interest income of ¥1,208,727 million, an increase from ¥1,069,809 million in 2022, representing a growth of approximately 13.0%[36] - The net income attributable to MHFG shareholders for fiscal year 2023 was a loss of ¥14,009 million, compared to a profit of ¥(104,722) million in 2022, indicating a significant decline in profitability[36] - Noninterest income for fiscal year 2023 was ¥888,103 million, a decrease from ¥669,790 million in 2022, indicating a growth of approximately 32.7%[36] - The return on equity for fiscal year 2023 was (0.16)%, down from (1.30)% in 2022, reflecting a decline in the company's profitability relative to its equity[37] - Cash dividends per share increased to ¥85.00 in 2023 from ¥80.00 in 2022, marking a rise of 6.25%[36] Assets and Liabilities - Total assets increased to ¥248,780,722 million in 2023, up from ¥231,550,704 million in 2022, reflecting a growth of approximately 7.4%[37] - Total liabilities rose to ¥239,055,588 million in 2023, up from ¥222,108,473 million in 2022, representing an increase of approximately 7.6%[37] - The provision for credit losses decreased to ¥93,753 million in 2023 from ¥214,408 million in 2022, showing a reduction of about 56.3%[36] Regulatory and Compliance Risks - The company is subject to capital adequacy regulations based on Basel III rules, with revised regulations effective from March 2024[74] - If capital adequacy ratios fall below specified levels, the Financial Services Agency may require corrective actions, including plans to limit capital outflow or reduce total assets[74] - A downgrade in credit ratings could result in additional collateral requirements, estimated at approximately ¥8.5 billion for a one-notch downgrade and ¥25.1 billion for a two-notch downgrade[73] - Compliance with anti-money laundering and counter-terrorism financing measures is critical, with potential regulatory actions for inadequacies[90] - Regulatory compliance measures are in place, but violations or misconduct could lead to penalties and reputational harm[98] Market and Competitive Environment - The company faces intense competition in the financial services market, which could adversely affect its business and financial condition[56] - The company faces strong competition from major banking groups and financial institutions in Japan and globally, necessitating continuous innovation and service expansion[228] Strategic Initiatives and Investments - The company announced a medium-term business plan in May 2023, targeting the fiscal years ending March 31, 2026, but success is uncertain[99] - Mizuho established a venture capital firm, Mizuho Innovation Frontier Co., Ltd. ("MHIF"), in April 2023 to promote business and technological advances across its companies[132] - In the fiscal year ended March 31, 2023, Mizuho invested in Rakuten Securities, Inc. and Kredivo Holdings Ltd., aiming to enhance asset management consulting services and digital finance offerings[137] - The new medium-term business plan (FY2024-FY2026) aims to connect initiatives across Mizuho and create solutions for client and societal challenges[146] Risk Management and Operational Challenges - Climate change risks, including transition and physical risks, may adversely affect the company's financial stability and operations[50] - The company may incur significant credit-related costs in the future due to problem loans, particularly in the real estate and manufacturing sectors[59] - Natural disasters, terrorism, and outbreaks of infectious diseases could disrupt business operations and adversely impact financial results[58] - The company's risk management policies may not fully address unidentified or unanticipated risks, potentially leading to adverse financial outcomes[108] Human Capital and Corporate Culture - The company emphasizes the importance of attracting and retaining skilled employees to maintain competitiveness and operational efficiency[103] - Mizuho is promoting a supportive working environment and inclusive organization to enhance employee engagement and development[169] - The company is focused on enhancing its corporate culture and human capital through strategic resource allocation and employee development initiatives[153] Sustainability and Climate Initiatives - Mizuho is committed to sustainability initiatives to improve corporate value and contribute to the achievement of Sustainable Development Goals (SDGs)[154] - Mizuho aims to achieve net zero by 2050 and has revised its "Net Zero Transition Plan" to promote integrated climate change responses[166] - The company has identified transition and physical risks related to climate change, including credit risks from stricter carbon regulations and operational risks from extreme weather[172] Digital Transformation and Customer Engagement - Mizuho aims to double asset-based income and enhance customer touchpoints through digitalization and collaboration with other companies[150] - The company is focusing on improving the quality and convenience of both digital and in-person customer channels[163] - The company plans to strengthen its digital services by investing in Kredivo Holdings Ltd., an Indonesian digital finance company[189] Business Development and Growth Strategies - The Corporate & Investment Banking (CIB) business model will be deepened in the Americas and expanded in Asia to achieve regional growth[153] - The Global Corporate & Investment Banking Company supports Japanese corporate customers in expanding overseas operations, particularly in Asia, through specialized services and advisory[206] - The company is focusing on a Global 300 Strategy to enhance business with approximately 300 blue-chip non-Japanese companies, aiming to provide financing solutions in Asia[207]

Shareholder Meeting Outcomes - Mizuho Financial Group held its 21st Ordinary General Meeting of Shareholders on June 23, 2023[10]. - Proposal 1 for the appointment of fourteen directors was adopted with approval rates ranging from 86% to 98%[12]. - The number of voting rights for Proposal 1 ranged from 15,380,987 to 17,519,737 for various directors, indicating strong shareholder support[12]. - The voting results reflect a significant shareholder engagement in governance matters[12]. - The meeting's outcomes indicate a stable leadership structure with the reappointment of existing directors[12]. Proposal Outcomes - Proposal 2, concerning a transition plan to align lending and investment portfolios with the Paris Agreement's 1.5 degree goal, was rejected with only 19% approval[12]. - A total of 3,501,778 votes were in favor of Proposal 2, while 14,019,285 votes were against it[12]. - The requirement for adoption of Proposal 1 was a majority of the voting rights held by shareholders present, while Proposal 2 required two-thirds approval[15]. Strategic Focus - Mizuho Financial Group continues to focus on aligning its strategies with sustainability goals, as evidenced by the shareholder proposal[11]. - The company confirmed that a portion of voting rights was not counted due to prior decisions made before the meeting[13].

Financial Performance - For the nine months ended December 31, 2022, Mizuho Financial Group reported ordinary income of ¥4,308,147 million, a significant increase of 83.5% compared to ¥2,345,453 million for the same period in 2021[10] - Interest income for the same period rose to ¥2,050,840 million, up 120% from ¥932,956 million year-over-year[10] - The company's profit attributable to owners of the parent for the nine months ended December 31, 2022, was ¥543,277 million, representing an increase of 13.6% from ¥478,656 million in the previous year[10] - Trading income surged to ¥1,056,220 million for the nine months ended December 31, 2022, compared to ¥275,516 million for the same period in 2021, marking a growth of 283.5%[10] - Comprehensive income attributable to owners of the parent fell to ¥81,264 million for the nine months ended December 31, 2022, compared to ¥240,222 million for the same period in 2021[11] - The net business profits for the nine months ended December 31, 2021 were ¥684,531 million, with gross profits of ¥1,699,228 million[38] - For the nine months ended December 31, 2022, net business profits (excluding credit costs of trust accounts) were ¥681,858 million, a slight decrease from ¥684,531 million in the same period of 2021[43] - The income before income taxes recorded in the Quarterly Consolidated Statement of Income for the nine months ended December 31, 2022, was ¥689,961 million, up from ¥555,106 million in the same period of 2021[43] Assets and Liabilities - The total assets of Mizuho Financial Group increased to ¥251,791,239 million as of December 31, 2022, compared to ¥237,066,142 million as of March 31, 2022, reflecting a growth of 6.2%[8] - Total liabilities increased to ¥242,762,605 million as of December 31, 2022, up from ¥227,865,110 million as of March 31, 2022, indicating a rise of 6.5%[9] - The company reported a total shareholders' equity of ¥8,468,742 million as of December 31, 2022, an increase from ¥8,130,185 million as of March 31, 2022[9] - The balance sheet amount of Japanese government bonds as of December 31, 2022, was ¥14,722,551 million, down from ¥25,158,730 million as of March 31, 2022[48] Securities and Investments - The net unrealized gains (losses) on other securities decreased significantly to ¥230,046 million as of December 31, 2022, down from ¥719,822 million as of March 31, 2022[9] - The net gains related to ETFs and others for the nine months ended December 31, 2022, amounted to ¥41,933 million, compared to a loss of ¥33,577 million in the previous year[43] - The total net business profits for the nine months ended December 31, 2022, included net gains related to stocks amounting to ¥41,933 million, a significant recovery from the previous year's losses[43] Dividends and Shareholder Returns - Cash dividends paid for the nine months ended December 31, 2022 totaled ¥209,431 million, with dividends per share of ¥40.00 and ¥42.50 for the respective resolutions[32] - The total amount of interim cash dividends declared was ¥107,889 million, with an interim cash dividend per share of ¥42.50[63] Risk Management and Provisions - The expected losses recognized as Reserve for Possible Losses on Loans to Restructuring Countries for the nine months ended December 30, 2022 amounted to ¥41,894 million, including ¥40,360 million related to claims against Russia[22] - For the nine months ended December 31, 2022, the provision for Reserves for Possible Losses on Loans was ¥51,290 million, a decrease from ¥147,958 million for the same period in 2021[28] - Total claims against bankrupt and substantially bankrupt obligors decreased from ¥50,846 million as of March 31, 2022 to ¥45,035 million as of December 31, 2022[26] - The total amount of claims with collection risk decreased from ¥722,222 million as of March 31, 2022 to ¥655,316 million as of December 31, 2022[26] Revenue Streams - Deposits and Lending business revenue grew from ¥189,551 million to ¥213,062 million, an increase of 12.4%[59] - Other Ordinary Income surged from ¥1,651,841 million to ¥3,624,144 million, a significant increase of 119.5%[59] - Securities-related business revenue declined from ¥155,963 million to ¥124,406 million, a decrease of 20.3%[59] - Trust-related business revenue decreased from ¥61,358 million to ¥50,599 million, a decline of 17.5%[59] Stock and Share Information - As of December 31, 2022, MHFG's carrying amount of Treasury Stock was ¥5,127 million for 3,232 thousand shares, an increase from ¥4,949 million for 3,079 thousand shares as of March 31, 2022[19] - Average Outstanding Shares of Common Stock slightly decreased from 2,534,973 thousand shares to 2,534,327 thousand shares[61] - The number of shares for Diluted Net Income per Share decreased from 67 thousand shares to 19 thousand shares[61] - Net Income per Share of Common Stock rose from ¥188.82 to ¥214.36, reflecting an increase of 13.5% year-over-year[61] - Profit Attributable to Owners of Parent increased from ¥478,656 million to ¥543,277 million, marking a growth of 13.5%[61] Expenses - General and administrative expenses (non-recurring losses) increased to ¥30,610 million for the nine months ended December 31, 2022, compared to ¥27,901 million in the previous year[43] - The amount of losses on sales of stocks for the nine months ended December 31, 2022 was ¥42,094 million, down from ¥123,590 million in the same period of 2021[28] - The amortization of goodwill for the nine months ended December 31, 2022 was ¥2,903 million, an increase from ¥2,810 million for the same period in 2021[31]

Financial Performance - Mizuho Financial Group reported a profit attributable to owners of the parent of ¥333.9 billion for the six months ended September 30, 2022[28]. - Net income attributable to MHFG shareholders was a loss of ¥379 billion for the six months ended September 30, 2022, compared to a profit of ¥313 billion in the same period last year, reflecting a decrease of ¥692 billion[63]. - Total comprehensive income attributable to MHFG shareholders fell from ¥350,328 million in 2021 to a loss of ¥120,153 million in 2022[167]. - Net cash provided by operating activities improved from a negative ¥1,230,661 million in 2021 to a positive ¥32,516 million in 2022[174]. Capital and Ratios - The Common Equity Tier 1 capital ratio under Basel III as of September 30, 2022 was 11.35%[29]. - The Total Capital Ratio was 15.72%, a decrease of 1.81% from March 31, 2022[153]. - Mizuho Bank's CET1 Capital Ratio decreased to 10.68% as of September 30, 2022, a decline of 1.00%[154]. - The leverage ratio improved to 4.56% as of September 30, 2022, up from 4.21%[153]. Income and Expenses - Interest and dividend income increased by ¥557 billion, or 81.4%, from ¥684 billion in the six months ended September 30, 2021 to ¥1,241 billion in the same period of 2022, primarily due to rising global interest rates[44]. - Interest expense rose by ¥466 billion, or 291.3%, from ¥160 billion to ¥626 billion, mainly driven by increases in interest expense on deposits and repurchase agreements due to rising global interest rates[45]. - Total noninterest income shifted from a gain of ¥762,395 million in 2021 to a loss of ¥213,781 million in 2022, indicating a significant decline[165]. - Total noninterest expenses rose by ¥69 billion, or 8.1%, to ¥926 billion for the six months ended September 30, 2022, largely due to increases in salaries and employee benefits and general and administrative expenses[56]. Dividends - Interim cash dividends for the fiscal year ending March 31, 2023 were ¥42.5 per share, an increase of ¥2.5 compared to the previous fiscal year[32]. - The company declared dividends per common share increased from ¥40.00 in 2021 to ¥42.50 in 2022[165]. Loans and Credit Quality - Total loans before allowance for credit losses increased by ¥8,043 billion to ¥98,334 billion as of September 30, 2022[90]. - Nonaccrual loans decreased by ¥87 billion, or 7.5%, to ¥1,081 billion as of September 30, 2022[93]. - The percentage of nonaccrual loans within gross total loans decreased from 1.3% to 1.1% from March 31, 2022, to September 30, 2022[94]. - The allowance for credit losses on loans is adjusted through provisions in each reporting period, with management assessing uncollectible loans based on detailed reviews[187]. Market Conditions - The yield on newly issued 10-year Japanese government bonds increased from 0.221% as of March 31, 2022 to 0.244% as of September 30, 2022[31]. - The Nikkei Stock Average decreased by 6.8% to ¥25,937.21 as of September 30, 2022 compared to March 31, 2022, but increased to ¥27,968.99 as of November 30, 2022[31]. - The yen to U.S. dollar spot exchange rate weakened from ¥121.64 to ¥144.32 between March 31, 2022 and September 30, 2022, before strengthening to ¥138.53 by November 30, 2022[31]. Investment Performance - Investment losses—net amounted to ¥105 billion for the six months ended September 30, 2022, a significant decline from a gain of ¥135 billion in the same period of the previous fiscal year, primarily due to deteriorating market conditions affecting Japanese equity securities[53]. - Trading account losses were ¥851 billion in the six months ended September 30, 2022, compared to gains of ¥83 billion in the same period of the previous year, attributed to changes in fair value of foreign currency-denominated securities[52]. Regulatory Compliance - The minimum capital adequacy ratio is set at 8%, with a Common Equity Tier 1 capital requirement of 4.5% and a Tier 1 capital requirement of 6.0%[130]. - The implementation of the finalized Basel III reforms was deferred to January 1, 2023, due to the impact of COVID-19[135]. - The Financial Services Agency has allowed for further delays in the implementation of the Basel III finalization framework for certain banks until March 31, 2025[138].

Financial Performance - Mizuho Financial Group reported ordinary income of ¥1,235,090 million for the three months ended June 30, 2022, a significant increase from ¥737,009 million in the same period last year, representing a growth of approximately 67.6%[10]. - Interest income rose to ¥444,862 million, up from ¥293,342 million year-over-year, marking an increase of about 51.7%[10]. - The company's profit attributable to owners of the parent decreased to ¥159,294 million for the three months ended June 30, 2022, down from ¥250,541 million in the previous year, a decline of about 36.4%[10]. - The company reported comprehensive income of ¥(66,832) million for the three months ended June 30, 2022, a decline from ¥204,730 million in the previous year, indicating a significant drop in overall financial performance[11]. - For the three months ended June 30, 2022, the total gross profits amounted to ¥593,166 million, with a net business profit of ¥237,392 million, reflecting an increase from ¥206,817 million in the same period of 2021[39][42]. - The net income attributable to owners of the parent for the three months ended June 30, 2022, was ¥159,294 million, resulting in a net income per share of ¥62.85, down from ¥98.81 in the same period of 2021[58]. Assets and Liabilities - The total assets of Mizuho Financial Group increased to ¥250,620,959 million as of June 30, 2022, compared to ¥237,066,142 million as of March 31, 2022, reflecting a growth of approximately 5.7%[8]. - Total liabilities increased to ¥241,641,478 million as of June 30, 2022, compared to ¥227,865,110 million as of March 31, 2022, indicating a rise of approximately 6.0%[9]. - The total shareholders' equity increased slightly to ¥8,190,605 million as of June 30, 2022, from ¥8,130,185 million as of March 31, 2022, representing a growth of about 0.7%[9]. Trading and Investment - Mizuho Financial Group's trading income surged to ¥355,522 million, up from ¥103,004 million year-over-year, reflecting a substantial increase of approximately 245.0%[10]. - The company reported net gains related to ETFs and others of ¥19,223 million for the three months ended June 30, 2022, compared to ¥11,540 million in the same period of 2021[42][56]. - As of June 30, 2022, the total unrealized gains from interest rate futures were ¥84,274 million, while unrealized losses from over-the-counter interest rate swaps were ¥108,287 million[47]. - The company’s total contract value for currency-related transactions as of June 30, 2022, was ¥368,606 million, with unrealized losses of ¥103,344 million[49]. Expenses and Dividends - General and administrative expenses for the three months ended June 30, 2022, were ¥358,558 million, compared to ¥348,741 million in the same period of 2021[39][42]. - Cash dividends paid for the three months ended June 30, 2022, were ¥101,542 million, with a dividend per share of ¥40.00, compared to ¥95,201 million and ¥37.50 per share for the same period in 2021[31]. - The year-end cash dividends for the 20th term were resolved at a total amount of ¥101,542 million[4]. - The year-end cash dividend per share for common stock is set at ¥40[4]. - The effective date for the dividend payments is June 6, 2022[4]. Loan and Credit Management - The expected losses recognized as Reserves for Possible Losses on Loans to Restructuring Countries for the three months ended June 30, 2022, amounted to ¥57,474 million, including ¥55,845 million related to claims against Russia[22]. - For the three months ended June 30, 2022, MHFG reported losses on write-offs of loans totaling ¥50,984 million, a significant increase from ¥5,402 million for the same period in 2021[28]. - The total claims against bankrupt and substantially bankrupt obligors increased from ¥50,846 million as of March 31, 2022, to ¥93,420 million as of June 30, 2022[26]. - Normal claims rose from ¥96,224,900 million to ¥102,655,877 million between March 31, 2022, and June 30, 2022[26]. Accounting and Policy Changes - The company implemented a new accounting policy for fair value measurement starting from the first quarter ended June 30, 2022, which may impact the valuation of certain investment trusts[12]. - MHFG has implemented the Japanese Group Relief System for tax accounting, with no material impact from the changes in accounting policies[23]. - The company has adopted a system for stock compensation that allows for a decrease or forfeiture based on individual and company performance[16]. Corporate Actions - The company engaged in a debt waiver and debt equity swap with Marelli Holdings Co., Ltd., which involved the exchange of claims for preferred stocks as part of a business reconstruction plan accepted by the court[60][61]. - The company is reviewing borrower ratings and allowances in light of the business reconstruction plan and additional investment from KKR[3].

Financial Performance - Mizuho Financial Group reported net interest income of ¥1,069,809 million for the fiscal year 2022, an increase of 9.2% compared to ¥988,617 million in 2021[33]. - The net income attributable to MHFG shareholders for fiscal year 2022 was a loss of ¥104,722 million, a significant decline from a profit of ¥581,765 million in 2021[33]. - Noninterest income for fiscal year 2022 was ¥669,790 million, a decrease of 67.3% from ¥2,041,320 million in 2021[33]. - The provision for credit losses in 2022 was ¥214,408 million, compared to a provision of ¥112,776 million in 2021, indicating a rise in credit-related costs[33]. - The return on equity for common shareholders was (1.30)% in 2022, down from 7.50% in 2021, highlighting a deterioration in profitability[34]. - Cash dividends per share increased to ¥80.00 in 2022 from ¥75.00 in previous years, reflecting a commitment to returning value to shareholders[33]. Asset and Liability Management - Total assets increased to ¥231,550,704 million in 2022, up from ¥221,651,474 million in 2021, reflecting a growth of approximately 4%[34]. - Total liabilities rose to ¥222,108,473 million in 2022, up from ¥211,963,317 million in 2021, indicating a growth of approximately 4.4%[34]. - Mizuho Financial Group's long-term debt increased to ¥12,578,216 million in 2022 from ¥11,706,471 million in 2021, reflecting a rise of approximately 7.4%[34]. - The number of shares used to calculate basic earnings per common share was approximately 2,537,051 thousand in 2022, consistent with previous years[33]. Regulatory and Compliance Issues - The implementation date for the finalized Basel III reforms has been postponed to March 31, 2024, affecting capital adequacy ratios[75]. - The Financial Services Agency may require corrective actions if capital adequacy ratios fall below specified levels, which could include limiting capital outflow or reducing business operations[78]. - A downgrade in credit ratings could result in additional collateral requirements, with an estimated ¥15.7 billion for a one-notch downgrade and ¥31.5 billion for a two-notch downgrade[74]. - Inadequacies in anti-money laundering measures could lead to regulatory actions and harm the company's reputation[93]. - Mizuho Bank received a corrective order from the Ministry of Finance on November 26, 2021, and continues to provide quarterly reports on improvement measures[94]. Market and Competitive Landscape - Competition in the financial services market is intensifying due to the rise of FinTech companies, which may adversely affect the company's competitive position and financial results[54]. - The entry of FinTech companies into traditional financial services has increased, indicating a shift in the competitive landscape[217]. - The company faces strong competition in all areas of its financial services, which could adversely affect its market position[207]. - The number of regional banks integrating their businesses with others has been increasing due to changes in the business environment, reflecting a trend towards consolidation[210]. Risk Management - The company is exposed to significant credit risk due to high concentrations of loans in the real estate and manufacturing sectors, which could lead to increased problem loans and credit-related costs[59]. - The company's equity investment portfolio is subject to market risks, with potential unrealized losses impacting capital adequacy ratios if Japanese stock prices decline significantly[60]. - Changes in interest rates could lead to unrealized losses on bonds and affect the average interest rate spread, particularly following the U.S. interest rate rise in early 2022[62]. - Foreign exchange rate fluctuations could materially affect the company's financial condition, as a portion of assets and liabilities is denominated in foreign currencies[63]. - The company may face difficulties in raising funds, particularly in foreign currency markets, which could lead to increased funding costs and cash flow problems[70]. - The company’s risk management policies may not adequately address unidentified or unanticipated risks, potentially affecting its financial condition[109]. Strategic Initiatives - The company has been implementing strategic initiatives as part of its Five-Year Business Plan, which was announced in May 2019, covering the five fiscal years ending March 31, 2023[102]. - Mizuho Financial Group aims to transition to the next generation of financial services through a five-year business plan initiated in the fiscal year ended March 31, 2020[133]. - The group has amended its Environmental Policies to contribute to achieving a low-carbon society by 2050, aligning its portfolio with the Paris Agreement targets[151]. - Mizuho Financial Group is committed to sustainability initiatives, establishing a Sustainability Promotion Committee to enhance its sustainability framework[138]. - The group is focusing on creating next-generation branches that combine physical locations with digital channels to enhance customer engagement[148]. - Mizuho has formed a strategic alliance with Google Cloud Japan G.K. to strengthen its digital transformation efforts, aiming to provide world-leading next generation financial services[164]. Operational Efficiency - The company has developed internal controls over financial reporting as required by the Sarbanes-Oxley Act, but there is no assurance that these controls will be effective[107]. - Mizuho Bank has enhanced the efficiency of its branch and ATM networks across Japan, integrating banking, trust banking, and securities services at the same locations[161]. - The company is promoting the next generation of branches as consulting spaces while reducing the number of branches through reorganization and consolidation[162]. - The group aims to streamline corporate resources and focus on growth areas to transition to a flexible business and earnings structure[152]. Human Resources and Talent Management - The company may not be successful in attracting and retaining skilled employees, which could impair its competitiveness and efficiency[106]. - The company is exposed to new risks as it expands its range of products and services, including through various business and equity alliances[103]. Legal and Litigation Risks - The company faces risks related to litigation and other legal proceedings in the ordinary course of its business[108].

Investor Presentation for FY2021 May 18, 2022 Mizuho Financial Group Table of Contents Management policy for FY2022 P. 9 – Financial Management P. 11 – Business Strategies P. 20 – Personnel and organization P. 29 Financial Results for FY2021 P. 3 2 Financial Results for FY2021 Summary of FY21 financial results • Consolidated Net Business Profits + Net Gains (Losses) related to ETFs and others Solid performance in Customer Groups contributed to +6.6% YoY increase. Achieved 104% against the upwardly revised p ...

Financial Data and Key Metrics Changes - Consolidated net business profit increased by JPY 52.4 billion year-on-year to JPY 8,521 billion, with record high revenues of JPY 127.9 billion achieved across all customer groups [7] - Net income attributable to shareholders rose by JPY 59.4 billion to JPY 430 billion, with a year-end dividend of JPY 0.40 per share, an increase from the previous year [7][24] Business Line Data and Key Metrics Changes - The company implemented a business improvement plan to address system failures, focusing on capturing signs of problems early and verifying system functions [9] - The equity investment trust balance increased to JPY 6.6 trillion, with the holding period extended from 3.9 years to 4.9 years [29] - The company aims to increase the equity investment trust balance to JPY 10 trillion and securities fund balance to JPY 1 trillion [29] Market Data and Key Metrics Changes - The company plans to maintain a conservative approach towards foreign bonds, with expectations of secure income from asset management [16] - The CET1 ratio is targeted to be around 9% in the first half of the fiscal year, with provisions set aside impacting the current ratio [66] Company Strategy and Development Direction - The company is focusing on fiscal structural reform, prioritizing quality of earnings and improvement of ROE, aiming for an ROE exceeding 8% [12][18] - Digital transformation (DX) initiatives are being emphasized to create new value and improve employee job satisfaction [14][36] - The company is pursuing capital-light businesses and expanding its presence in emerging markets in Asia [32] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainties in the external environment, including the ongoing Shanghai lockdown, which complicates future forecasts [25] - The company is committed to stable operations while being sensitive to risks and investing in management resources, talent, and IT [46][48] Other Important Information - The company has made significant progress in reducing cross-shareholdings, with a target to reduce JPY 450 billion over five years [22][109] - Sustainability efforts are being prioritized, with the company being a leader in sustainable finance among Japanese banks [37] Q&A Session Summary Question: Outlook and challenges for the current medium-term plan - Management noted that employees are eager for new initiatives and that culture and digital transformation are key focus areas moving forward [54][56] Question: Dividend and growth investment balance - The company aims for JPY 540 billion in net income and will consider share buybacks depending on the CET1 ratio and business conditions [62][66] Question: Core business and digital initiatives - Management emphasized the need to continuously verify strengths and weaknesses in core businesses and the importance of digital partnerships for growth [70][73] Question: Impact of system failures - Management indicated that while fiscal 2022 will see impacts from system failures, they are still assessing potential effects for fiscal 2023 [75] Question: Foreign bonds valuation losses - The company has significantly reduced its position in foreign bonds and believes current valuation losses are manageable [80] Question: Profit variance among mega banks - Management expressed confidence in exceeding JPY 500 billion in profits and highlighted the need for continuous evaluation of strengths in various markets [87][88] Question: Sustainability finance opportunities - The company recognizes the demand for sustainable finance and plans to leverage consultation services to capitalize on these opportunities [90]

Financial Performance - For the nine months ended December 31, 2021, Mizuho Financial Group reported ordinary income of ¥2,345,453 million, an increase of 1.8% compared to ¥2,313,082 million for the same period in 2020[9]. - Profit attributable to owners of the parent for the nine months ended December 31, 2021 was ¥478,656 million, up 35% from ¥354,404 million in the previous year[9]. - Comprehensive income for the nine months ended December 31, 2021 was ¥250,949 million, a decrease from ¥576,850 million in the previous year[10]. - MHFG's gross profits for the nine months ended December 31, 2021 were ¥1,621,806 million, with net business profits of ¥610,724 million[44]. - For the nine months ended December 31, 2021, net business profits (excluding credit costs of trust accounts) increased to ¥684,531 million, up from ¥610,724 million in the same period of 2020, representing a growth of approximately 12%[49]. - Net income attributable to owners of the parent for the nine months ended December 31, 2021, was ¥478,656 million, compared to ¥354,404 million for the same period in 2020, reflecting a year-over-year increase of approximately 35%[61]. - The diluted net income per share of common stock for the nine months ended December 31, 2021, was ¥188.81, up from ¥139.76 in the previous year[61]. Assets and Liabilities - Total assets as of December 31, 2021 were ¥225,424,989 million, slightly down from ¥225,586,211 million as of March 31, 2021[7]. - The total liabilities decreased to ¥216,018,735 million as of December 31, 2021 from ¥216,224,003 million as of March 31, 2021[8]. - The net assets increased to ¥9,406,254 million as of December 31, 2021, compared to ¥9,362,207 million as of March 31, 2021[8]. - Total liabilities for guarantees on corporate bonds decreased to ¥1,263,877 million as of December 31, 2021, down from ¥1,407,731 million as of March 31, 2021[28]. Income Sources - Interest income for the nine months ended December 31, 2021 was ¥932,956 million, a decrease of 5.8% from ¥990,731 million in the same period of 2020[9]. - Fee and commission income rose to ¥648,856 million for the nine months ended December 31, 2021, up 9.9% from ¥590,013 million in the previous year[9]. - Gains on Sales of Stocks for the nine months ended December 31, 2021 amounted to ¥160,716 million, compared to ¥84,536 million for the same period in 2020[29]. - Extraordinary Gains from the Cancellation of Employee Retirement Benefit Trust increased to ¥66,331 million for the nine months ended December 31, 2021, up from ¥14,409 million for the same period in 2020[31]. - Losses on Sales of Stocks for the nine months ended December 31, 2021 were ¥123,590 million, significantly higher than ¥27,328 million for the same period in 2020[30]. Reserves and Provisions - Reserves for Possible Losses on Loans increased to ¥1,091,306 million as of December 31, 2021, compared to ¥812,457 million as of March 31, 2021, reflecting the impact of COVID-19[28]. - Provision for Reserves for Possible Losses on Loans for the nine months ended December 31, 2021 was ¥147,958 million, an increase from ¥91,254 million for the same period in 2020[30]. Dividends and Shareholder Returns - Cash dividends paid for the nine months ended December 31, 2021 totaled ¥196,746 million, with dividends per share increasing to ¥37.50 and ¥40.00 for the respective resolutions[37]. - The company declared interim cash dividends totaling ¥101,545 million, with an interim cash dividend per share of ¥40.00, effective December 7, 2021[64]. Accounting and Standards - Mizuho Financial Group has applied new accounting standards for revenue recognition starting from the first quarter ended June 30, 2021, impacting retained earnings[11]. - The company adopted the Consolidated Taxation System from the first quarter ended June 30, 2021, impacting its tax accounting practices[25]. Other Financial Metrics - General and administrative expenses (excluding non-recurring losses) increased to ¥1,029,300 million for the nine months ended December 31, 2021, compared to ¥1,029,300 million in the same period of 2020[49]. - The total contract value of over-the-counter interest rate swaps as of December 31, 2021, was ¥1,056,397,332 million, with a fair value of ¥175,900 million[53]. - Unrealized gains from currency-related transactions as of December 31, 2021, amounted to ¥96,857 million, compared to ¥13,705 million as of March 31, 2021[55]. - The company's equity in income from investments in affiliates for the nine months ended December 31, 2021, was ¥23,350 million[48]. - The net gains or losses related to ETFs and others amounted to ¥3,755 million, with ¥4,047 million included in the Global Markets Company[48].