QX/MZHO Interim 2000入稿原稿 01.1.23 7:26 PM ページ c1(W) 570pt x (H) 648pt

2000
I N T E R I M

R E P O R T

The Dai-Ichi Kangyo Bank,Limited
The Fuji Bank,Limited
The Industrial Bank of Japan,Limitedc1

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To O u r S h a r e h o l d e r s a n d C u s t o m e r s
Mizuho Holdings EstablishedWe are pleased to issue our first financial report as the newly formed bank holding company for three of Japan’s leading
financial institutions—The Dai-Ichi Kangyo Bank, Limited (“DKB”), The Fuji Bank, Limited (“Fuji Bank”), and The Industrial
Bank of Japan, Limited (“IBJ”). Mizuho Holdings, Inc. (“MHHD”), was established through a stock-for-stock exchange on
September 29, 2000, thus marking the formal inauguration of the Mizuho Financial Group (“MHFG”). Following this, on
October 1, 2000, Mizuho Securities Co., Ltd. (“Mizuho Securities”), and Mizuho Trust & Banking Co., Ltd. (“Mizuho Trust”),
were formed through the consolidation of subsidiaries of the three banks. MHHD initiated the management of the entire
group by means of a Business Unit (“BU”) structure operating across the three banks. Under this structure, DKB, Fuji Bank,
IBJ, Mizuho Securities, and Mizuho Trust operate as the five core member companies of MHFG.
With legislative and tax code changes for corporate splits in Japan expected to be implemented by spring 2002, wewill combine and reorganize the existing operations into legally separate subsidiaries, i.e., Mizuho Bank, Ltd., Mizuho
Corporate Bank, Ltd., Mizuho Securities, and Mizuho Trust, according to customer segments and business lines
under MHHD.

Interim Review of Fiscal 2000
During the first half of fiscal 2000, ended September 30, 2000, the world economy continued to show a generally expansionary trend, despite somewhat slower growth in the United States. In Japan, the economy continued to show
gradual recovery as corporate profitability improved markedly and private-sector capital investment began to increase, leading
the Bank of Japan to end its zero interest rate policy in August.
For the first half of the fiscal year, our consolidated net income was ¥154.8 billion. In lieu of dividends from DKB, Fuji Bank,and IBJ for the first half of fiscal 2000, MHHD paid a ¥3,500 stock transfer payment per its share to the holders of the threebanks’ common shares as of September 27, 2000.

Becoming the Leader in Domestic Banking
MHFG, making maximum use of our comprehensive financial strengths and backed by a strong customer base as well asstate-of-the-art information and financial technologies, will aim to become an innovative financial group that will lead the new
era through cutting-edge, comprehensive financial services. Specifically, in domestic corporate and retail markets, we plan tobuild on our overwhelming customer base and comprehensive financial service capabilities to establish a dominant position
that competitors will not be able to duplicate. In strategically vital financial sectors, such as securities and investment banking, we will work to establish our position as the market leader by further strengthening Mizuho Securities. Also, in asset
management, trust, and settlement businesses, we will aim to attain a top class position.

c2

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To Our Shareholders and Customers

To achieve these aims, in addition to each of the nine BUs implementing strategies defined by customer segments andbusiness lines, we have formulated strategies for IT, global business promotion, customer satisfaction, distribution channels,
e-business, and asset securitization and syndication. We will aggressively pursue the development of our business activities
in these strategic areas.

Building a Global Presence
In our international operations, we are amalgamating the capabilities of our subsidiaries and aggressively developing our position under the Mizuho brand. In the U.S., European, and Asian markets, we are already providing financing under the Mizuho
name. Moreover, we are actively consolidating our overseas subsidiaries, and, by the end of December 2000, we had consolidated the operations of our subsidiaries in the Netherlands, Switzerland, Luxembourg, Canada, and the United Kingdom.

Aiming to Be Among the Top Five Financial Institutions Worldwide
MHFG is strongly committed to contributing to the development of Japan’s financial industry, economy, and society asJapan’s premier comprehensive financial group. We will aim to earn a reputation for being the most reliable bank for all ourcustomers, and secure a position among the top five financial institutions in the world.
In closing, we would like to express our sincere appreciation for the continued support of our shareholders and customers.
We look forward to continuing to serve you in the future.

January 2001

Masao Nishimura

Yoshiro Yamamoto

Katsuyuki Sugita

Chairman & Co-CEO

Chairman & Co-CEO

President & Co-CEO

11

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Inauguration of the Mizuho Financial Group
Overview of the Consolidation
Background to the Consolidation

Financial Group (“MHFG”). MHFG intends to achieve substan-Japanese financial institutions are facing a new business envi-

tial improvement in efficiency and enhance competitiveness byronment with the expansion of the global economy, thecombining the strengths of each bank in different businessprogress of Japan’s Big Bang financial reforms and the develop-

areas and product lines.

ment of financial and information technology.
The Dai-Ichi Kangyo Bank, Limited (“DKB”), The Fuji Bank,

Basic Principles of the Consolidation

Limited (“Fuji Bank”), and The Industrial Bank of Japan, Limited

As we enter the 21st century, DKB, Fuji Bank and IBJ will create(“IBJ”) recognize the need for a quick and accurate response toa strong and dynamic financial services group based on thethe financial needs of their customers as well as the need forfollowing five principles:

plentiful credit supported by the financial strength of a leading

1. Offer a wide range of the highest-quality financial services tointernational financial institution.

our customers.

A powerful leader of the Japanese financial services industry

2. Maximize shareholder value and, as the leader of Japan’sis needed that will serve as an anchor for a stable financial

financial services industry, earn the trust of society at large.

system, contributing to the development of the economy and3. Offer attractive and rewarding job opportunities for employees.

the enhancement of the international competitiveness of

4. Fully utilize the advantages and strengths of each bank

Japanese industry.

and maximize the benefit of the consolidation through cost

In order to maintain a strong position in the market and tocontinue to lead the financial services industry, the three banks

reductions.
5. Create a new corporate climate and culture.

reached an agreement to consolidate to form the Mizuho

The Consolidation Process2

2

Trust and Asset Management BU

Securities and Investment Banking BU

e-Business and Global Transaction Services BU

IBJ

ALM and Trading BU

Fuji
Bank

International Banking BU

Business Unit
(BU)
Headquarters

Public Sector Banking BU

Planning and
Administration
Headquarters

Corporate and Financial Institutions Banking BU

Mizuho Holdings, Inc.

Small Business & Middle Market Banking BU

DKB

Consumer and Private Banking BU

Phase 1 (From September 29, 2000)

MizuhoSecurities
Co., Ltd.

MizuhoTrust & Banking
Co., Ltd.

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Inauguration of the Mizuho Financial GroupThe Consolidation Process
Phase 1 of the consolidation process began on September 29,

Group Name:

2000, and Phase 2 will start in spring 2002.

Mizuho Financial Group (MHFG)

Phase 1On September 29, 2000, Mizuho Holdings, Inc.

(“MHHD”) was established. MHHD manages the entire
group by means of a Business Unit (“BU”) structure based on
customer segments and business lines, and operating acrossthe three banks.
Mizuho Securities Co., Ltd. and Mizuho Trust & Banking Co.,
Ltd., were both established on October 1, 2000.
Phase 2In Phase 2, MHFG will take advantage of expected

legislative and tax code changes for corporate splits in Japan
to consolidate and reorganize the existing bank operations into
legally separate subsidiaries under MHHD according tocustomer segments and business lines. The core subsidiaries

Holding Company Name:

Mizuho Holdings, Inc. (MHHD)
Meaning:
In Japanese, mizuho
means “fresh harvest of rice,” and thephrase “mizuho country”—meaning “fruitful country”—is used torefer poetically to Japan.
Reason for Selection:
The name “Mizuho” expresses the commitment of MHFG,
as Japan’s leading financial institution, to offer highly “fruitful”
products and services to all of its customers, both domestic
and overseas.
We feel that the youthful and energetic image of freshness
projected by this name is perfectly suited for the new corporate
culture of MHFG, and that it is a name with which everyone caneasily become familiar.

that will be placed under MHHD are as follows:
The Mizuho Logo:
The logo is the combination of the initial letter “M” for “Mizuho”
and a deep blue arc. The “M” appears to be in dynamic motion,
expressing liveliness and action, while the deep-blue arc depicts
the earth. The colors used in the logo also have a special meaning—the bright red highlighting passion, action and dynamism andthe deep blue highlighting reliability and stability.

Mizuho Bank, Ltd.
Mizuho Corporate Bank, Ltd.
Mizuho Securities Co., Ltd.
Mizuho Trust & Banking Co., Ltd.

Phase 2 (Spring 2002, targeted)

Accelerate Consolidation Process
From October 2000
Start Consolidating Overseas Subsidiaries
October 2000
Mizuho Bank Nederland N.V.
Mizuho Trust & Banking (Luxembourg) S.A.
Mizuho Bank (Schweiz) AG
November 2000
Mizuho Bank (Canada)
December 2000
Mizuho International plc
January 2001
Mizuho Capital Markets Corporation
Mizuho Capital Markets (UK) Limited
Mizuho Capital Markets (HK) Limited
From April 2001
Concentrate Investment Banking Functions in
Mizuho Securities
Consolidate Overseas Branches
Spring 2002
Start Phase 2

Mizuho Holdings, Inc.

MizuhoBank, Ltd.

MizuhoCorporate
Bank, Ltd.

MizuhoSecurities
Co., Ltd.

MizuhoTrust& BankingCo., Ltd.

Other
financialsubsidiaries

33

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Inauguration of the Mizuho Financial Group

The Mizuho Financial Group’s Management Strategy
Vision and Management Goals

Business Strategies

MHFG has established the following management goals

MHFG’s business strategies utilize the “three primary

as a means of realizing its future concept of becoming an

strengths” gained through consolidation to create an optimal

innovative financial group that will lead the new era throughgroup business portfolio that is both balanced and leads

cutting-edge, comprehensive financial services:in each business sector. The “three primary strengths” are One of the top five global banks and the leading financial

as follows: An overwhelming customer base in the domestic market.

institution in Japan.
 A top financial group in terms of customer satisfaction.

 High-quality and comprehensive financial service capabilities.

 A front-runner in IT and FT (financial technology).

 Expanded IT investment capability for high-growth areas.

 No. 1 in domestic commercial banking.
 A market leader in securities business and investmentbanking.

Financial Targets
MHFG is committed to maximizing its earning power by A top-class institution in the trust, asset management andcreating an optimal group business portfolio that is balanced andleads in each business sector.

settlement businesses.
 A management structure with best practices.

Setting appropriate pricing levels while boosting highearning assets such as housing loans will increase net interest

Pursue Synergistic Effects Based on
Overwhelming Customer Base

income in the banking sector. MHFG will also work to increase
its commission income by strengthening its non-asset and com-

(As of March 31, 2000)

Strong and Solid Business BaseCorporate Base

Mizuho’s Share

Loans to large corporations¥28.5 trillion

Loans to small/mid-sized companies*1¥35.9 trillion% of relationship with listed companies*2

81.3%

Domestic Rank

By closing and consolidating branches and streamlining its

Consumer Base

Mizuho’s Share

Domestic Rank

¥31.1 trillion

Housing loans¥10.9 trillion

No.1
No.1

Approx. 30 million
Approx. 20%

No.1*3: Includes sales of bank debentures to individuals by IBJ*4: Based on the share of NTT Standing Order Payment (as of September 30, 1999)

Powerful Financial Services
ABS underwriting

Securities

OTC sales of bonds

No. 2

Corporate pension

No. 5
No. 2
No. 1

Real estate trust

Asset
Management

Assets managed under investment advisory

Real estate brokerage

Settlement(of which Pension Funds)
Yen custody
Yen clearing*5: Straight bond only
Source: Financial Report (DKB, Fuji Bank, IBJ), Thomson Deal Watch, etc.

4

4

No. 1

Bond underwriting*5

Trustmodels are being explored in e-business applications.
workforce, MHFG aims to reduce its expense ratio to 40% orIndividual deposits*3

Estimated share of individual transactions
in Tokyo area*4transform the structure of its business. Anticipating future developments, leading services are being offered, and new business

No.1*1: Excludes loans to individuals*2: Listed companies excluding banks & insurance companies (as of March 31, 1999)

Number of individual customers

mission businesses. Furthermore, MHFG is using IT and FT to

No. 3
No. 1
No. 1
No. 2

below by fiscal 2005.

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Financial Section
Consolidated Financial Highlights for the First Half of Fiscal 2000
MHHD Mizuho Holdings, Inc. and Consolidated Subsidiaries
Millions of yen

Sept. 30, 2000
Results of Operations
Total Income
Total Expenses
Income before Income Taxes and Minority Interests
Net Income
Net Income per Share of Common Stock (Yen)Net Income per Share after Full Dilution (Yen)
Financial Position
Total Assets
Total Shareholders’ Equity
Shareholders’ Equity per Share of Common Stock (Yen)BIS Capital Adequacy Ratio¥

3,512,000
3,189,761
322,238
154,826
15,609.31
15,264.88¥150,959,791
6,169,692
441,572.25
11.77%DKB The Dai-Ichi Kangyo Bank, Limited and Consolidated Subsidiaries
Millions of yen

Results of Operations
Total Income
Total Expenses
Income before Income Taxes and Minority Interests
Net Income
Net Income per Share of Common Stock (Yen)
Financial Position
Total Assets
Total Shareholders’ Equity
Shareholders’ Equity per Share of Common Stock (Yen)BIS Capital Adequacy Ratio

Sept. 30, 2000

Sept. 30, 1999¥¥

857,871766,751
91,12055,182
16.05¥50,641,999
2,462,909
532.8911.98%

869,458
798,672
70,78536,147
9.96¥51,798,110
2,419,817
519.37
11.91%

FUJI BANK The Fuji Bank, Limited and Consolidated Subsidiaries
Millions of yen

Results of Operations
Total Income
Total Expenses
Income before Income Taxes and Minority Interests
Net Income
Net Income per Share of Common Stock (Yen)
Financial Position
Total Assets
Total Shareholders’ Equity
Shareholders’ Equity per Share of Common Stock (Yen)BIS Capital Adequacy Ratio

Sept. 30, 2000

Sept. 30, 1999

¥ 1,721,302
1,559,501
161,800
62,465
16.82¥ 1,459,661
1,362,990
96,67027,867
6.82¥58,036,418
2,192,592
358.71
11.24%¥57,843,025
2,231,920
370.4510.76%IBJ The Industrial Bank of Japan, Limited and Consolidated Subsidiaries
Millions of yen

Results of Operations
Total Income
Total Expenses
Income before Income Taxes and Minority Interests
Net Income
Net Income per Share of Common Stock (Yen)
Financial Position
Total Assets
Total Shareholders’ Equity
Shareholders’ Equity per Share of Common Stock (Yen)BIS Capital Adequacy Ratio

Sept. 30, 2000

Sept. 30, 1999¥

931,090865,064
66,02531,141
11.19¥ 1,725,567
1,642,694
82,87247,27117.30¥42,839,278
1,591,014
470.1511.93%¥44,458,538
1,611,872
478.05
11.91%

55

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Financial Section

MHHD

Consolidated Balance SheetAt September 30, 2000
Millions of yen

Sept. 30, 2000

AssetsCash and Due from Banks
Call Loans and Bills Purchased
Other Debt Purchased
Trading Assets
Money Held in Trust
Securities
Loans and Bills Discounted
Foreign Exchanges
Other Assets
Premises and Equipment
Deferred Debenture Charges
Deferred Tax Assets
Consolidation Differences
Customers’ Liabilities for Acceptances and Guarantees
Reserve for Possible Losses on Loans
Reserve for Possible Losses on Securities
Total Assets

5,842,405
2,679,129
569,829
8,882,131
460,975
24,226,127
90,948,109
877,526
9,484,869
1,775,449
8,883
1,727,808
120,7444,975,762(1,610,674)(9,286)150,959,791

Liabilities
Deposits
Negotiable Certificates of Deposit
Debentures
Call Money and Bills Sold
Commercial Paper
Trading Liabilities
Borrowed Money
Foreign Exchanges
Bonds and Notes
Convertible Bonds
Due to Trust Account
Other Liabilities
Reserve for Employee Retirement Benefit
Reserve for Possible Losses on Loans Sold
Reserve for Possible Losses on Support of Specific Borrowers
Reserve for Possible Foreign Exchange Losses on Trust Account Investments
Reserve for Contingency
Reserve under Special Laws
Deferred Tax Liabilities
Deferred Tax Liabilities for Revaluation Reserve for Land
Acceptances and Guarantees
Total Liabilities

66,677,573
11,822,997
19,079,324
9,982,862
989,388
3,480,647
4,149,729
191,6633,904,895
7,046
1,682,742
16,098,129
166,522
252,061
221,977
36,393
14,214640
10,453352,057
4,975,762
144,097,086

Minority Interests
Shareholders’ Equity
Total Liabilities, Minority Interests and Shareholders’ Equity

693,0136,169,692¥150,959,791

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

6 MHHD6¥

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Financial Section

MHHD

Consolidated Statement of Income
For the Six-Month Period Ended September 30, 2000
Millions of yen

Sept. 30, 2000

IncomeInterest Income
Loans and Bills Discounted
Securities
Fiduciary Income
Fee and Commissions Income
Trading Income
Other Operating Income
Other Income
Total Income¥2,187,487
1,161,364
228,545
29,812226,016
62,381
244,248
762,052
3,512,000

Expenses
Interest Expenses
Deposits
Debentures
Amortization of Debenture Charges
Fee and Commissions Expenses
Other Operating Expenses
General and Administrative Expenses
Other Expenses
Total Expenses

1,525,277
335,555
109,043
6,808
46,008215,935
589,234
813,304
3,189,761

Income before Income Taxes and Minority Interests
Income Tax Expenses (Benefit)—Current
Income Tax Expenses (Benefit)—Deferred
Minority Interests in Net Income
Net Income

322,238
49,821
85,67831,911¥ 154,826

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

MHHD

Consolidated Statement of Retained Earnings
For the Six-Month Period Ended September 30, 2000
Millions of yen

Sept. 30, 2000

Retained Earnings at Beginning of Period¥ 917,065

Increase

8,294

Decrease

43,408Net Income
Retained Earnings at End of Interim Period

154,826¥1,036,778

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.
MHHD

7

7

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Financial Section

MHHD

Consolidated Statement of Cash Flows
For the Six-Month Period Ended September 30, 2000
Millions of yen

Sept. 30, 2000

I. Cash Flows from Operating Activities
Income before Income Taxes and Minority Interests
Depreciation
Amortization of Consolidation Differences
Equity in Earnings from Investments in Affiliates
Increase in Reserve for Possible Losses on Loans
Increase in Reserve for Possible Losses on Securities
Increase in Reserve for Possible Losses on Loans Sold
Increase in Reserve for Possible Losses on Support of Specific Borrowers
Increase in Reserve for Contingency
Increase in Reserve for Retirement Allowance
Increase in Reserve for Employee Retirement Benefit
Interest Income—Accrual BasisInterest Expenses—Accrual Basis
Gains and Losses on Securities
Profit from Money Held in Trust
Translation Differences
Gains and Losses on Dispositions of Premises and Equipment
Gains and Losses on Establishment of Retirement Benefit Trust
Net Decrease in Trading Assets
Net Increase in Trading Liabilities
Net Decrease in Loans and Bills Discounted
Net Increase in Deposits
Net Increase in Negotiable Certificates of Deposit
Net Increase in Debentures (excluding Subordinated Debentures)
Net Increase in Borrowed Money (excluding Subordinated Borrowed Money)
Net Decrease in Due from Banks (excluding Deposits with Central Banks)
Net Decrease in Negotiable Certificates of Deposit
Net Decrease in Call Loans
Net Decrease in Cash Placed as Collateral on Securities Borrowed
Net Increase in Call Money
Net Increase in Commercial Paper
Net Increase in Cash Received as Collateral for Securities Lent
Net Decrease in Foreign Exchanges (Assets)
Net Increase in Foreign Exchanges (Liabilities)
Net Increase in Issuance, Redemption of Bonds and Notes
Net increase in Due to Trust AccountInterest Income—Cash BasisInterest Expenses—Cash Basis
OthersSubtotal
Cash Paid in Income Taxes
Net Cash Provided by (Used in) Operating Activities

8 MHHD8¥322,238
36,348
11,191(9,849)(427,146)(4,493)(57,694)(1,673)276(145,991)
166,522(2,187,487)
1,525,277(479,587)
29
16,567
21,70858,485
1,223,658(1,125,512)
768,2092,598,493(1,179,325)(394,586)(10,350)
109,222(123,160)
322,241
771,850(873,150)(360,004)(788,735)
11,535(130,695)
65,47096,615
2,164,699(1,558,769)(59,493)372,934(26,962)
345,972

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Financial Section

Millions of yen

Sept. 30, 2000

II. Cash Flows from Investing Activities
Payments from Purchase of Securities
Proceeds from Sale of Securities
Proceeds from Redemption of Securities
Payments from Increase in Money Held in Trust
Proceeds from Decrease in Money Held in Trust
Payments from Purchase of Premises and Equipment
Proceeds from Sale of Premises and Equipment
Payments from Purchase of Stocks of Subsidiaries (not affecting the scope of consolidation)
Net Cash Provided by (Used in) Investing Activities
III. Cash Flows from Financing Activities
Proceeds from Issuance of Subordinated Borrowed Money
Repayments of Subordinated Borrowed Money
Proceeds from Issuance of Subordinated Bonds, Notes and Convertible Bonds
Repayments from Redemption of Subordinated Bonds, Notes and Convertible Bonds
Proceeds from Investment of Minority Interests
Dividends Paid
Dividends Paid for Minority Interests
Purchase of Treasury Stock
Proceeds from Sales of Treasury Stock
Net Cash Provided by (Used in) Financing Activities
IV. Effect of Exchange Rates Changes on Cash and Cash Equivalents
V. Net Increase in Cash and Cash Equivalents(32,784,070)
22,914,750
9,978,186(729,961)
564,655(49,568)
29,906(271)(76,372)
59,000(134,500)
194,590(161,402)
800(43,407)(21,605)(1,173)
1,064(106,633)
3,801
166,767

VI. Cash and Cash Equivalents at Beginning of Period

2,982,889

VII. Cash and Cash Equivalents at End of Interim Period¥ 3,149,656

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

MHHD

9

9

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Financial Section

DKB

Consolidated Balance Sheets
At September 30, 2000 and 1999
Millions of yen

Sept. 30, 2000

Sept. 30, 1999

AssetsCash and Due from Banks
Call Loans and Bills Purchased
Other Debt Purchased
Trading Assets
Money Held in Trust
Securities
Loans and Bills Discounted
Foreign Exchanges
Other Assets
Premises and Equipment
Deferred Tax Assets
Consolidation Differences
Customers’ Liabilities for Acceptances and Guarantees
Reserve for Possible Losses on Loans
Reserve for Possible Losses on Securities
Total Assets¥ 2,358,403
124,927354,341
3,378,122
385,633
6,656,270
32,202,279
305,245
2,178,094
803,310560,025
29,245
1,971,453(664,618)(733)
50,641,999¥ 1,759,689
107,603
185,520
3,006,141
201,9936,412,631
32,676,738
285,560
4,382,550
839,687
616,192
13,2302,095,935(785,365)—
51,798,110

Liabilities
Deposits
Negotiable Certificates of Deposit
Call Money and Bills Sold
Commercial Paper
Trading Liabilities
Borrowed Money
Foreign Exchanges
Bonds and Notes
Convertible Bonds
Other Liabilities
Reserve for Retirement Allowance
Reserve for Employee Retirement Benefit
Reserve for Possible Losses on Loans Sold
Reserve for Possible Losses on Support of Specific Borrowers
Reserve under Special Laws
Deferred Tax Liabilities
Deferred Tax Liabilities for Revaluation Reserve for Land
Acceptances and Guarantees
Total Liabilities

30,113,346
4,762,038
3,045,517
216,025
928,642
1,141,972
110,027
849,867—
4,636,526—
49,281
113,238—478
562
205,578
1,971,453
48,144,557

31,382,178
3,748,803
2,714,980
185,035
1,718,843
1,367,864
121,128
731,715
7,120
4,911,665
3,036—
98,832
21,630527
514
228,820
2,095,935
49,338,630

Minority Interests
Shareholders’ Equity
Total Liabilities, Minority Interests and Shareholders’ Equity

34,531
2,462,909¥50,641,999

39,662
2,419,817¥51,798,110

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

10 DKB

10QX/MZHO Interim 2000入稿原稿 01.1.23 7:26 PM ページ 11(W) 570pt x (H) 648pt

Financial Section

DKB

Consolidated Statements of Income
For the Six-Month Periods Ended September 30, 2000 and 1999
Millions of yen

Sept. 30, 2000

Sept. 30, 1999

¥499,864
379,785
53,66480,84919,36919,237
238,550
857,871¥547,082
392,89354,22963,828
7,174
41,891
209,480
869,458

231,884
100,356
11,601
815
7,290
227,784
287,375
766,751

257,357
114,049
13,955681
17,055
225,730
283,893
798,672

Income before Income Taxes and Minority Interests

91,12070,785

Income Tax Expenses (Benefit)—Current

34,037

5,165

Income Tax Expenses (Benefit)—Deferred

1,280

30,948

IncomeInterest Income
Loans and Bills Discounted
Securities
Fee and Commissions Income
Trading Income
Other Operating Income
Other Income
Total Income
Expenses
Interest Expenses
Deposits
Fee and Commissions Expenses
Trading Expenses
Other Operating Expenses
General and Administrative Expenses
Other Expenses
Total Expenses

Minority Interests in Net Income
Net Income

619(1,476)¥ 55,182¥ 36,147

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

DKB

Consolidated Statements of Retained Earnings
For the Six-Month Periods Ended September 30, 2000 and 1999
Millions of yen

Sept. 30, 2000

Sept. 30, 1999

¥519,031¥479,566

Increase

7,666

2,360

Decrease

15,97919,123Net Income

55,18236,147¥565,899¥498,950

Retained Earnings at Beginning of Period

Retained Earnings at End of Interim Period

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

DKB

11

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Financial Section

DKB

Consolidated Statements of Cash Flows
For the Six-Month Periods Ended September 30, 2000 and 1999
Millions of yen

Sept. 30, 2000

Sept. 30, 1999¥¥

I. Cash Flows from Operating Activities
Income before Income Taxes and Minority Interests
Depreciation

70,785
8,461

1,579

(991)

Equity in Earnings from Investments in Affiliates(4,959)4,438

Increase in Reserve for Possible Losses on Loans(198,019)(271,389)

Increase in Reserve for Possible Losses on Securities

(306)

—

Increase in Reserve for Possible Losses on Loans Sold

(29,245)

3,951

Increase in Reserve for Retirement Allowance(40,563)

64

Increase in Reserve for Employee Retirement Benefit

49,281—(499,864)(547,082)

Interest Expenses—Accrual Basis

231,884

257,357

Gains and Losses on Securities(132,501)(38,021)

Profit from Money Held in Trust774(2,862)

Translation Differences(5,384)—

Gains and Losses on Dispositions of Premises and Equipment

15,724

3,472

Gains and Losses on Establishment of Retirement Benefit Trust

28,774—

Net Decrease in Trading Assets

248,116(440,583)

Net Increase in Trading Liabilities(429,886)

98,731Net Decrease in Loans and Bills Discounted

740,024

1,304,582

Net Increase in Deposits

978,704(428,676)

Net Increase in Negotiable Certificates of Deposit(1,396,226)—

Net Increase in Borrowed Money (excluding Subordinated Borrowed Money)(13,754)

134,288

Net Decrease in Due from Banks (excluding Deposits with Central Banks)(48,372)

249,320

Net Decrease in Call Loans(44,619)(102,080)

Net Decrease in Cash Placed as Collateral on Securities Borrowed

207,281401,050Net Increase in Call Money713,060(287,152)Net Increase in Commercial Paper
Net Increase in Cash Received as Collateral for Securities Lent

12

9,686

Amortization of Consolidation Differences

Interest Income—Accrual Basis

12 DKB

91,12065,640—(833,103)(382,092)

Net Decrease in Foreign Exchanges (Assets)(9,752)

54,385Net Increase in Foreign Exchanges (Liabilities)(15,407)(101,251)Net Increase in Issuance, Redemption of Bonds and Notes(15,181)(134,304)

Interest Income—Cash Basis

499,126

569,803

Interest Expenses—Cash Basis(235,394)(301,116)

Others6,729(573,694)

Subtotal(65,032)(450,605)

Cash Paid in Income Taxes(15,706)(2,589)Net Cash Provided by (Used in) Operating Activities(80,739)(453,194)

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Financial Section

Millions of yen

Sept. 30, 2000

Sept. 30, 1999

Payments from Purchase of Securities(3,718,965)(3,370,014)

Proceeds from Sale of Securities

3,414,482

2,974,683

Proceeds from Redemption of Securities

418,815

111,790

Payments from Increase in Money Held in Trust(224,740)—

Proceeds from Decrease in Money Held in Trust

36,66490,075

Payments from Purchase of Premises and Equipment(17,148)(8,028)Proceeds from Sale of Premises and Equipment

12,377

7,343—(1,767)

II. Cash Flows from Investing Activities

Payments from Purchase of Stocks of Subsidiaries(affecting the scope of consolidation)
Others

(35)

2,862

(78,548)(193,054)

Proceeds from Issuance of Subordinated Bonds,
Notes and Convertible Bonds

90,80098,629

Repayments from Redemption of Subordinated Bonds,
Notes and Convertible Bonds(70,820)—

Dividends Paid

(15,979)(19,123)

Net Cash Provided by (Used in) Investing Activities
III. Cash Flows from Financing Activities

Dividends Paid for Minority Interests

(6)

(4)

Others

(68)

(20)

3,926

79,481

1,089

(733)

V. Net Increase in Cash and Cash Equivalents(154,271)(567,500)

VI. Cash and Cash Equivalents at Beginning of Period

1,481,782

1,483,811

VII. Cash and Cash Equivalents at End of Interim Period¥1,327,510¥ 916,310

Net Cash Provided by (Used in) Financing Activities
IV. Effect of Exchange Rates Changes on Cash and Cash Equivalents

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

DKB

13

13

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Financial Section

FUJI BANK

Consolidated Balance Sheets
At September 30, 2000 and 1999
Millions of yen

Sept. 30, 2000

Sept. 30, 1999

AssetsCash and Due from Banks
Call Loans and Bills Purchased
Other Debt Purchased
Trading Assets
Money Held in Trust
Securities
Loans and Bills Discounted
Foreign Exchanges
Other Assets
Premises and Equipment
Deferred Tax Assets
Consolidation Differences
Customers’ Liabilities for Acceptances and Guarantees
Reserve for Possible Losses on Loans
Reserve for Possible Losses on Securities
Total Assets¥ 2,853,752
1,239,055
180,634
2,028,421
56,3409,872,267
35,961,436
338,364
2,541,602
683,865
808,80967,7612,038,765(626,107)(8,552)58,036,418¥ 2,366,843
949,268
79,8603,248,724
99,9197,190,823
35,634,518
388,400
4,594,282
724,573
1,020,231
61,3782,140,714(656,513)—
57,843,025

Liabilities
Deposits
Negotiable Certificates of Deposit
Call Money and Bills Sold
Commercial Paper
Trading Liabilities
Borrowed Money
Foreign Exchanges
Bonds and Notes
Convertible Bonds
Due to Trust Account
Other Liabilities
Reserve for Retirement Allowance
Reserve for Employee Retirement Benefit
Reserve for Possible Losses on Loans Sold
Reserve for Possible Losses on Support of Specific Borrowers
Reserve for Possible Foreign Exchange Losses on Trust Account Investments
Reserve under Special Laws
Deferred Tax Liabilities
Deferred Tax Liabilities for Revaluation Reserve for Land
Acceptances and Guarantees
Total Liabilities

30,909,098
5,728,113
3,536,108
603,363
1,185,436
2,181,448
70,444
2,108,033
7,046
1,552,112
5,197,118—
63,311
93,357
46,37936,393
91
1,963
83,9362,038,765
55,442,525

30,721,081
2,903,458
5,168,116
1,032,360
2,464,686
2,923,822
183,382
1,347,382
11,5891,586,756
4,374,621
53,388—
122,691
58,673—73
3,305
92,6262,140,714
55,188,733

Minority Interests
Shareholders’ Equity
Total Liabilities, Minority Interests and Shareholders’ Equity

401,301

422,371

2,192,592

2,231,920¥58,036,418¥57,843,025

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

14 FUJI BANK

14

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Financial Section

FUJI BANK

Consolidated Statements of Income
For the Six-Month Periods Ended September 30, 2000 and 1999
Millions of yen

Sept. 30, 2000

Sept. 30, 1999

IncomeInterest Income
Loans and Bills Discounted
Securities
Fiduciary Income
Fee and Commissions Income
Trading Income
Other Operating Income
Other Income
Total Income¥ 997,418
497,829
69,076
13,956
107,362
22,214
173,021407,327
1,721,302¥ 911,938
477,837
63,67031,391
104,971
6,209
253,963
151,185
1,459,661

Expenses
Interest Expenses
Deposits
Fee and Commissions Expenses
Trading Expenses
Other Operating Expenses
General and Administrative Expenses
Other Expenses
Total Expenses
Income before Income Taxes and Minority Interests
Income Tax Expenses (Benefit)—Current
Income Tax Expenses (Benefit)—Deferred
Minority Interests in Net Income
Net Income

706,946
161,386
25,160—159,594
257,774
410,025
1,559,501
161,800
10,231
68,90520,197¥ 62,465

622,239
123,520
22,692
5,869
183,687
282,361
246,139
1,362,990
96,6707,320
46,851
14,631¥ 27,867

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

FUJI BANK

Consolidated Statements of Retained Earnings
For the Six-Month Periods Ended September 30, 2000 and 1999
Millions of yen

Retained Earnings at Beginning of Period
Increase
Decrease
Net Income
Retained Earnings at End of Interim Period

Sept. 30, 2000

Sept. 30, 1999

¥144,531
525
16,58862,465¥190,934¥118,759
3,304
12,29027,867¥137,641

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

FUJI BANK

1515

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Financial Section

FUJI BANK

Consolidated Statements of Cash Flows
For the Six-Month Periods Ended September 30, 2000 and 1999
Millions of yen

I. Cash Flows from Operating Activities
Income before Income Taxes and Minority Interests
Depreciation
Amortization of Consolidation Differences
Equity in Earnings from Investments in Affiliates
Increase in Reserve for Possible Losses on Loans
Increase in Reserve for Possible Losses on Securities
Increase in Reserve for Possible Losses on Loans Sold
Increase in Reserve for Possible Losses on Support of Specific Borrowers
Increase in Reserve for Retirement Allowance
Increase in Reserve for Employee Retirement Benefit
Interest Income—Accrual BasisInterest Expenses—Accrual Basis
Gains and Losses on Securities
Profit from Money Held in Trust
Translation Differences
Gains and Losses on Dispositions of Premises and Equipment
Gains and Losses on Establishment of Retirement Benefit Trust
Net Decrease in Trading Assets
Net Increase in Trading Liabilities
Adjustment of Net Payables Arising from Outstanding Trading Transactions
Net Decrease in Loans and Bills Discounted
Net Increase in Deposits
Net Increase in Negotiable Certificates of Deposit
Net Increase in Borrowed Money (excluding Subordinated Borrowed Money)
Net Decrease in Due from Banks (excluding Deposits with Central Banks)
Net Decrease in Negotiable Certificates of Deposit
Net Decrease in Call Loans
Net Decrease in Cash Placed as Collateral on Securities Borrowed
Net Increase in Call Money
Net Increase in Commercial Paper
Net Increase in Cash Received as Collateral for Securities Lent
Net Decrease in Foreign Exchanges (Assets)
Net Increase in Foreign Exchanges (Liabilities)
Net Increase in Issuance, Redemption of Bonds and Notes
Net increase in Due to Trust AccountInterest Income—Cash BasisInterest Expenses—Cash Basis
Bonuses to Directors and Statutory Auditors
OthersSubtotal
Cash Paid in Income Taxes
Net Cash Provided by (Used in) Operating Activities

16 FUJI BANK

16

Sept. 30, 2000

Sept. 30, 1999¥¥

161,800
22,7708,290(4,229)1,709(4,186)(26,409)(10,073)(52,667)
63,311(997,418)
706,946(295,847)(650)(8,722)
6,257
26,833758,309(939,483)
299,335
480,211924,179
255,353
34,581
343,785—(226,179)
908,217(1,354,912)(431,645)(694,805)
1,654(68,750)
80,652
124,986
983,404(710,726)(14)
66,726
432,597(4,174)428,423

96,67022,8248,126
8,143(31,019)—(17,707)—(3,665)—(911,938)
622,239(114,532)
1,462(75,590)
2,875—(282,115)
617,883—(694,941)
1,441,235(2,464,710)
122,418
315,740
22,719884,140
215,391
1,274,777292,443
194,986
65,05645,588(8,333)(341,013)
975,643(629,652)(13)(887,328)
767,803(11,380)
756,422

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Financial Section

Millions of yen

II. Cash Flows from Investing Activities
Payments from Purchase of Securities
Proceeds from Sale of Securities
Proceeds from Redemption of Securities
Payments from Increase in Money Held in Trust
Proceeds from Decrease in Money Held in Trust
Payments from Purchase of Premises and Equipment
Proceeds from Sale of Premises and Equipment
Payments from Purchase of Stocks of Subsidiaries(not affecting the scope of consolidation)
Proceeds from Sales of Stocks of Subsidiaries(affecting the scope of consolidation)
OthersNet Cash Provided by (Used in) Investing Activities
III. Cash Flows from Financing Activities
Proceeds from Issuance of Subordinated Borrowed Money
Repayments of Subordinated Borrowed Money
Proceeds from Issuance of Subordinated Bonds,
Notes and Convertible Bonds
Repayments from Redemption of Subordinated Bonds,
Notes and Convertible Bonds
Dividends Paid
Dividends Paid for Minority Interests
Purchase of Treasury Stock
Proceeds from Sales of Treasury Stock
OthersNet Cash Provided by (Used in) Financing Activities
IV. Effect of Exchange Rates Changes on Cash and Cash Equivalents
V. Net Increase in Cash and Cash Equivalents

Sept. 30, 2000

Sept. 30, 1999

(17,081,953)
9,343,727
7,863,310(231)
20,787(21,110)
13,298(3,338,441)
2,724,254
108,668(107,418)
114,203(15,895)
9,840

(235)

—

—
—
137,593406(2,756)(507,137)

33,000(105,500)

13,670(21,852)

76,750

1,091(90,582)(16,587)(14,294)
(453)
412
—
(117,255)(44)(12,297)(290)—
41,324(3,282)
18,318

2,560

2,908

451,321

270,512

VI. Cash and Cash Equivalents at Beginning of Period

1,173,615

1,207,676

VII. Cash and Cash Equivalents at End of Interim Period¥ 1,624,937¥1,478,188

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

FUJI BANK

1717

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Financial Section

IBJ

Consolidated Balance Sheets
At September 30, 2000 and 1999
Millions of yen

AssetsCash and Due from Banks
Call Loans and Bills Purchased
Other Debt Purchased
Trading Assets
Money Held in Trust
Securities
Loans and Bills Discounted
Foreign Exchanges
Other Assets
Premises and Equipment
Deferred Debenture Charges
Deferred Tax Assets
Customers’ Liabilities for Acceptances and Guarantees
Reserve for Possible Losses on Loans
Total Assets
Liabilities
Deposits
Negotiable Certificates of Deposit
Debentures
Call Money and Bills Sold
Commercial Paper
Trading Liabilities
Borrowed Money
Foreign Exchanges
Other Liabilities
Reserve for Retirement Allowance
Reserve for Employee Retirement Benefit
Reserve for Possible Losses on Loans Sold
Reserve for Possible Losses on Support of Specific Borrowers
Reserve for Contingency
Reserve under Special Laws
Deferred Tax Liabilities
Deferred Tax Liabilities for Revaluation Reserve for Land
Acceptances and Guarantees
Total Liabilities
Minority Interests
Shareholders’ Equity
Total Liabilities, Minority Interests and Shareholders’ Equity

Sept. 30, 2000

Sept. 30, 1999¥¥

766,879
1,314,611
34,8533,680,152
8,004
7,835,118
22,855,757
236,517
4,803,631
281,617
8,965
345,184
987,784(319,801)
42,839,278
5,832,688
1,341,486
20,112,708
3,414,479
170,000
1,571,134
902,586
13,3506,258,984—
51,20345,466
175,598
14,21470
7,927
62,541
987,784
40,962,225

5,238,377
1,912,257
20,464,165
4,608,199
122,000
2,089,509
1,227,437
55,463
5,395,375
52,907—46,425——27
8,884
71,373
1,252,726
42,545,130

286,037

301,535

1,591,014

1,611,872¥42,839,278¥44,458,538

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

18 IBJ

18

658,589
2,638,835
57,646
3,371,314
58,5058,722,087
23,008,218
227,763
4,960,710
297,756
10,719423,9121,252,726(1,230,247)
44,458,538

QX/MZHO Interim 2000入稿原稿 01.1.23 7:26 PM ページ 19(W) 570pt x (H) 648pt

Financial Section

IBJ

Consolidated Statements of Income
For the Six-Month Periods Ended September 30, 2000 and 1999
Millions of yen

IncomeInterest Income
Loans and Bills Discounted
Securities
Fee and Commissions Income
Trading Income
Other Operating Income
Other Income
Total Income
Expenses
Interest Expenses
Deposits
Debentures
Amortization of Debenture Charges
Fee and Commissions Expenses
Trading Expenses
Other Operating Expenses
General and Administrative Expenses
Other Expenses
Total Expenses
Income before Income Taxes and Minority Interests
Income Tax Expenses (Benefit)—Current
Income Tax Expenses (Benefit)—Deferred
Minority Interests in Net Income
Net Income

Sept. 30, 2000

Sept. 30, 1999

¥700,607
283,864
105,692
43,28921,91051,830113,451
931,090¥ 787,655
287,139
104,462
46,13626,159685,514180,100
1,725,567

597,661
78,186
116,832
6,808
9,215
297
49,07991,864
116,946
865,064
66,025
4,995
21,701
8,187¥ 31,141

660,480
65,009140,093
11,871
8,463
665
684,698
101,152
187,234
1,642,694
82,87247,415(18,781)
6,966¥ 47,271

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

IBJ

Consolidated Statements of Retained Earnings
For the Six-Month Periods Ended September 30, 2000 and 1999
Millions of yen

Retained Earnings at Beginning of Period
Increase
Decrease
Net Income
Retained Earnings at End of Interim Period

Sept. 30, 2000

Sept. 30, 1999

¥284,475
102
10,84031,141¥304,879¥218,694
13,067
9,248
47,271¥269,786

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

IBJ

19

19

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Financial Section

IBJ

Consolidated Statements of Cash Flows
For the Six-Month Periods Ended September 30, 2000 and 1999
Millions of yen

Sept. 30, 2000

Sept. 30, 1999¥¥

I. Cash Flows from Operating Activities
Income before Income Taxes and Minority Interests

3,426

Equity in Earnings from Investments in Affiliates(1,126)(2,935)

Increase in Reserve for Possible Losses on Loans(230,826)

153,946

Increase in Reserve for Possible Losses on Loans Sold

(2,040)

1,507

Increase in Reserve for Possible Losses on Support of Specific Borrowers

8,400

—

276

—

Increase in Reserve for Retirement Allowance(50,578)

50

Increase in Reserve for Employee Retirement Benefit

51,203—

Interest Income—Accrual Basis(700,607)(787,655)Interest Expenses—Accrual Basis

597,661

660,480

Gains and Losses on Securities(51,225)(128,506)

Profit from Money Held in Trust
Translation Differences
Gains and Losses on Dispositions of Premises and Equipment
Gains and Losses on Establishment of Retirement Benefit Trust(96)(3,780)30,912249,281(322)(13,303)

2,876—

214,550

357,691

Net Increase in Trading Liabilities

246,538(765,441)

Net Decrease in Loans and Bills Discounted(431,815)

350,044Net Increase in Deposits

605,351(965,686)

Net Decrease in Trading Assets

Net Increase in Negotiable Certificates of Deposit(44,811)—Net Increase in Debentures (excluding Subordinated Debentures)(394,586)(6,322)Net Increase in Borrowed Money (excluding Subordinated Borrowed Money)(47,225)—

Net Decrease in Due from Banks (excluding Deposits with Central Banks)(143,238)

62,664

Net Decrease in Negotiable Certificates of Deposit(125,066)—

Net Decrease in Call Loans

698,569

149,217

Net Decrease in Cash Placed as Collateral on Securities Borrowed(211,705)(955,866)

Net Increase in Call Money(327,625)(410,064)

Net Increase in Commercial Paper

20

82,872

3,286

Increase in Reserve for Contingency

20 IBJ

66,025

Depreciation

6,000

—

Net Increase in Cash Received as Collateral for Securities Lent

420,236(213,250)

Net Decrease in Foreign Exchanges (Assets)

17,37262,822Net Increase in Foreign Exchanges (Liabilities)(45,975)

32,064

Interest Income—Cash Basis

692,208

797,087

Interest Expenses—Cash Basis(623,685)(653,601)

Others(251,594)

1,888,019

Subtotal(22,687)(55,239)

Cash Paid in Income Taxes(7,332)(31,992)

Net Cash Provided by (Used in) Operating Activities(30,019)(87,232)

QX/MZHO Interim 2000入稿原稿 01.1.23 7:26 PM ページ 21(W) 570pt x (H) 648pt

Financial Section

Millions of yen

Sept. 30, 2000

Sept. 30, 1999

Payments from Purchase of Securities(11,921,488)(10,664,948)

Proceeds from Sale of Securities

10,156,326

10,553,889

Proceeds from Redemption of Securities

1,653,929

130,027

Payments from Increase in Money Held in Trust(504,990)(504,496)

Proceeds from Decrease in Money Held in Trust

507,203505,218

Payments from Purchase of Premises and Equipment(10,672)(11,942)

Proceeds from Sale of Premises and Equipment

4,230

4,973

Net Cash Provided by (Used in) Investing Activities(115,461)

12,721

II. Cash Flows from Investing Activities

III. Cash Flows from Financing Activities
Proceeds from Issuance of Subordinated Borrowed Money

26,000—

Repayments of Subordinated Borrowed Money(29,000)(2,000)

Proceeds from Issuance of Subordinated Bonds,
Notes and Convertible Bonds

27,0407,900

Dividends Paid

(10,840)(9,248)Dividends Paid for Minority Interests(7,304)(6,703)

Net Cash Provided by (Used in) Financing Activities

5,895(10,051)

IV. Effect of Exchange Rates Changes on Cash and Cash Equivalents
V. Net Increase in Cash and Cash Equivalents
VI. Cash and Cash Equivalents at Beginning of Period
VII. Cash and Cash Equivalents at End of Interim Period(89)(1,093)(139,675)(85,656)

297,013¥

157,337

290,232¥

204,575

Note: Yen amounts are rounded down to the nearest million. As a result, the totals in yen do not necessarily agree with the sums of the individual amounts.

IBJ

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I n t e r n a t i o n a l N e t wo r k
NEWLY ESTABLISHED MIZUHO SUBSIDIARIES
Mizuho Trust & Banking Co. (USA)Mizuho Capital Markets Corporation
Mizuho Bank (Canada)
Vancouver Branch
Mizuho Bank Nederland N.V.
Mizuho Bank (Schweiz) AG
Mizuho International plc
Mizuho Capital Markets (UK) Limited
Mizuho Trust & Banking (Luxembourg) S.A.
Mizuho Capital Markets (HK) Limited

DKB
THE AMERICAS
Branches and Agency
Representative Offices
Subsidiaries and Affiliates

New York, Chicago, Los Angeles (), Panama,
CaymanMexico, São Paulo, Caracas, Buenos AiresDKB Financial Futures Corp.
Dai-Ichi Kangyo Bank of California
Silicon Valley Office, Torrance Office
The CIT Group, Inc.
DKB Data Services (USA) Inc.
Dai-Ichi Kangyo Trust Company of New YorkUNIBANCO-UNIÃO DE BANCOS BRASILEIROS S.A.

EUROPE & THE MIDDLE EAST
Branches
Representative OfficeSubsidiaries and Affiliates

London, Düsseldorf, Paris
Bahrain
Dai-Ichi Kangyo Bank (Deutschland) AG
DKB Investment Management International Limited

ASIA & OCEANIA
Branches andMarketing Office
Representative Offices
Subsidiaries and Affiliates

Seoul, Shanghai, Dalian, Hong Kong, Taipei,
Kaohsiung, Bangkok, Labuan, Kuala Lumpur (),Singapore, Sydney
Beijing, Wuhan, Xiamen, Guangzhou, Manila,
Ho Chi Minh, Yangon, Kuala Lumpur, Jakarta, Bombay
DKB Leasing (Thailand) Co., Ltd.
TISCO Finance Public Company Limited
Chekiang First Bank Ltd.
DKB Asia Limited
P.T. Bank Dai-Ichi Kangyo Indonesia
P.T. Dai-Ichi Kangyo Panin Leasing
DKB Futures (Singapore) Pte Ltd.
DKB Merchant Bank (Singapore) Limited
Dai-Ichi Kangyo Australia Limited

: Agency : International Banking Facility : Office : Marketing Office22

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International Network

FUJI BANKTHE AMERICAS
Branches and Agencies
Representative Offices
Subsidiaries and Affiliates

New York, Chicago, Los Angeles (), Houston (),Grand Cayman
São Paulo, Colombia
Fuji America Holdings, Inc.
Fuji Futures Inc.
Heller Financial, Inc.
Heller International Group, Inc.
Fuji Bank International, Inc.
Fuji Securities Inc.
The Fuji Bank & Trust Company

EUROPE & THE MIDDLE EAST
Branches
Representative Offices
Subsidiaries and Affiliates

London, Paris
Bahrain, Tehran
Fuji Leasing (UK) Limited
Fuji Investment Management Company (Europe) Limited

ASIA & OCEANIA
Branches, International
Banking Facility andMarketing Office
Representative Offices
Subsidiaries and Affiliates

Seoul, Shanghai, Dalian, Shenzhen, Hong Kong,
Taipei, Manila, Hanoi, Bangkok(), Labuan,
Kuala Lumpur (), Singapore, Mumbai
Beijing, Tianjin, Nanjing, Guangzhou, Kuala Lumpur
Bangkok Fuji Holding Company, Limited
P.T. Bank Fuji International Indonesia
P.T. Jaya Fuji Leasing Pratama
Fuji International Finance (Singapore), Limited
The Fuji Futures (Singapore) Pte., Limited
Fuji International Finance (Australia) Limited

IBJ
THE AMERICAS
Branches, Offices
and Agency
Representative Offices
Subsidiaries and Affiliates

New York, Chicago, Los Angeles (), San Francisco (),Atlanta (), Houston (), Grand Cayman, Nassau
Mexico, São Paulo
Aubrey G. Lanston & Co. Inc.
DLIBJ Asset Management U.S.A., Inc.
IBJ Whitehall Bank & Trust Company
Nomura IBJ Global Investment Advisor, Inc.
The Bridgeford Group, Inc.
The Industrial Bank of Japan Trust Company

EUROPE & THE MIDDLE EAST
Branches
Representative OfficeSubsidiaries and Affiliates

London, Madrid, Milan, Frankfurt
BahrainIndustriebank von Japan (Deutschland)
Aktiengesellschaft
Düsseldorf Branch
DLIBJ Asset Management International Ltd.
Banque IBJ (France) S.A.
IBJ-BA Consulting Investitionsberatung GmbHASIA & OCEANIA
Branches andMarketing Office
Representative Offices
Subsidiaries and Affiliates

Shanghai, Dalian, Beijing, Hong Kong, Bangkok,
Labuan, Kuala Lumpur (), Singapore
Seoul, Wuhan, Guangzhou, Kuala Lumpur, Jakarta
IBJ Asia Securities Limited
P.T. Bumi Daya-IBJ Leasing
PT. Bank IBJ Indonesia
IBJ Lanston Futures Pte. Ltd.
IBJ Australia Bank Limited

Note: As of September 30, 2000, except for the newly established subsidiaries formed through theconsolidation of overseas subsidiaries of the three banks, which are as of January 1, 2001
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Senior Management andCorporate Auditors

Investor Information
on Mizuho Holdings

MHHD

Head Office
Marunouchi Center Building,
6-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
Tel: 81 (3) 5224-1111

Chairmen & Co-CEOs

Masao Nishimura
Yoshiro Yamamoto

President & Co-CEO

Katsuyuki Sugita

Deputy Presidents

Yozo Okumoto
Toshiyuki Ogura
Kuniya Sakai
Tosaku Harada
Kisaburo Ikeda
Toshikuni Nishinohara

Corporate Auditors

Kenji Nakamura
Yoriaki Sakata
Shusai Nagai
Setsuo Umezawa
Yukio Nozaki
Toshiaki Hasegawa

DKB
President andChief Executive Officer
Deputy Presidents

Katsuyuki Sugita
Toshikuni Nishinohara
Tadashi Kudo
Nobuhiro Mori

President &Chief Executive Officer
Deputy Presidents

President andChief Executive Officer
Deputy President

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Outstanding Shares
10,321,267.53 shares
Common Shares: 9,205,856.53 shares
Preferred Shares: 1,115,411 shares
Number of Shareholders
Common Shares: 162,350
Preferred Shares: 10
Principal Shareholders (Common Stock)
Shares Held

397,518.00

Percentageof Shares
Outstanding

4.31%
4.11

NIPPON LIFE INSURANCE COMPANY

249,267.76

2.70

Yoshiro Yamamoto

The Sumitomo Trust andBanking Company, Limited

238,822.07

2.59

Tosaku Harada
Isao Hiraide

The Chuo Mitsui Trust andBanking Company, Limited

203,982.07

2.21

Toru Hashimoto

Yoshiyuki Fujisawa
Masao Nishimura
Kisaburo Ikeda(As of September 30, 2000)

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Total Number of Shares
26,115,411 shares
Common Shares: 25,000,000 shares
Preferred Shares: 1,115,411 shares

The Dai-ichi Mutual Life Insurance Company 379,164.00

IBJ
Chairman of
the Board of Directors

Paid-in Capital¥2,572 billion

The Dai-Ichi Kangyo Fuji Trust &Banking Co., Ltd.

FUJI BANK
Chairman of the Board

Date of Establishment
September 29, 2000

THE YASUDA MUTUAL LIFE
INSURANCE COMPANY

188,232.40

2.04

Asahi Mutual Life Insurance Company

175,608.00

1.90

The Mitsubishi Trust andBanking Corporation

152,372.91

1.65

The Toyo Trust andBanking Company, Limited

119,196.47

1.29

THE CHASE MANHATTAN BANK

116,955.51

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Investor Information

Stock Listings
Tokyo Stock Exchange, Osaka Securities Exchange
Convocation of General Meetings of Shareholders
A regular general meeting of shareholders of the Company
shall be convened no later than 3 months from the last dayof each business year and an extraordinary general meetingof shareholders shall be convened whenever necessary.
Record Date
The Company shall deem shareholders having voting rights
appearing on the last register of shareholders (including theregister of beneficial shareholders; the same shall apply hereinafter) as of March 31 of each year as the shareholders who
shall be entitled to exercise their rights at the regular general
meeting of shareholders for the relevant fiscal term.
In addition to the preceding paragraph, the Company may
temporarily set the record date whenever necessary, pursuant
to a resolution of the Board of Directors and upon giving a priorpublic notice thereof.
Dividends
Dividends on shares shall be paid to the shareholders or
registered pledgees appearing on the last register of shareholders as of March 31 of each year or to the holders offractional shares appearing on the last register of holdersof fractional shares as of March 31 of each year.
Interim Dividends
The Company may, by a resolution of the Board of Directors,
make cash distributions pursuant to the provisions of Article
293-5 of the Commercial Code (referred to as “Interim Dividends” in these Articles of Incorporation) to the shareholders
or registered pledgees appearing on the last register of shareholders as of September 30 of each year or to the holders offractional shares appearing on the last register of holders offractional shares as of September 30 of each year.
Transfer Agent
Mizuho Trust & Banking Co., Ltd.
Fiscal Year
April 1 to March 31

Accounting Auditors
Century Ota Showa & Co.
ChuoAoyama Audit Corporation
Number of Domestic Offices
DKB: Branches: 316 Sub-branches: 37
Automated Service Centers: 505
FUJI: Branches: 276 Sub-branches: 30
BANK Automated Service Centers: 621
IBJ: Branches: 24

Agencies: 5
Agencies: 2

Note: “Branches” includes the Head Offices of each bank.

Number of Overseas Offices
DKB: Branches, Agency and Marketing Office: 19
Representative Offices: 15
FUJI: Branches, Agencies and Marketing Office: 20
BANK Representative Offices: 9
IBJ: Branches, Offices, Agency and Marketing Office: 20
Representative Offices: 8
Number of Employees
MHHD : 441
Note: The employees of Mizuho Holdings have been seconded fromthe three banks on a full-time basis.

DKB: 15,452(Non-regular employees: 495, Locally hired
employees at overseas offices: 1,298): 13,520
FUJI
BANK (Non-regular employees: 669, Locally hired
employees at overseas offices: 1,453)
IBJ: 4,516(Non-regular employees: 441, Locally hired
employees at overseas offices: 1,202)
Note: The number of non-regular employees and the number of locally
hired employees at overseas offices are not included in the numberof employees.

URL
MHHD
: http://www.mizuho-fg.co.jp
DKB: http://www.dkb.co.jp
FUJI BANK : http://www.fujibank.co.jp
IBJ: http://www.ibjbank.co.jp
Mizuho Securities : http://www.mizuho-sc.com
Mizuho Trust: http://www.mizuho-tb.co.jp(As of September 30, 2000)

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