Interim Review(For the Six Months ended September 30, 2013)

Mizuho has adopted a new brand slogan, “One MIZUHO: Building the future with you”, to indicate
our commitment to become “The most trusted financial services group with a global presence
and a broad customer base, contributing to the prosperity of the world, Asia, and Japan”.
All Mizuho employees are committed to realizing the ideas embodied in our brand slogan, andtogether we pledge to all of our stakeholders to help Mizuho achieve its vision for the future.

2013 Interim Review

Contents

pageMessage from the Management

2

Mizuho's Group Companies

6

Office Network

8

Matters Related to Elimination of Transactions with Anti-Social Elements

9

Summary of Financial Results for the First Half of Fiscal 201313

Progress of One MIZUHO New Frontier Plan—Stepping up to the Next Challenge—

16

Business Approaches

19

Initiatives to Support the Recovery from the Great East Japan Earthquake

34

CSR Initiatives

35

Location of Overseas Offices

36

Investor Information

39

Disclosure Policy

41

Privacy Policy Regarding Customer Information

42

Websites

43

All figures contained in this report are calculated using accounting principles generally accepted in Japan (“Japanese GAAP”).

Forward-Looking Statements
This Interim Review contains statements that constitute forward-looking statements within the meaning of the United States Private Securities
Litigation Reform Act of 1995, including estimates, forecasts, targets and plans. Such forward-looking statements do not represent any guarantee by management of future performance.
In many cases, but not all, we use such words as “aim,” “anticipate,” “believe,” “endeavor,” “estimate,” “expect,” “intend,” “may,”“plan,” “probability,” “project,” “risk,” “seek,” “should,” “strive,” “target” and similar expressions in relation to us or our management to
identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Thesestatements reflect our current views with respect to future events and are subject to risks, uncertainties and assumptions.
We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes
in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to ourpension plans; a decline in our deferred tax assets; the effect of financial transactions entered into for hedging and other similar purposes; failure
to maintain required capital adequacy ratio levels; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our Medium-term Business Plan, realize the synergy effects of “One MIZUHO,” and implement other strategic initiatives and measureseffectively; the effectiveness of our operational, legal and other risk management policies; the effect of changes in general economic conditionsin Japan and elsewhere; and changes to applicable laws and regulations. Further information regarding factors that could affect our financial
condition and results of operations is included in “Item 3.D. Key Information—Risk Factors,” and “Item 5. Operating and Financial Review andProspects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”). In addition, information regarding
market developments after September 30, 2013 and their effects on our financial condition and results of operations is included in the report on
Form 6-K furnished to the SEC on January 31, 2014 containing financial information for the third quarter of this fiscal year under accounting
principles generally accepted in Japan. These reports are available in the Financial Information section of our web page at www.mizuhofg.co.jp/english/ and also at the SEC's website at www.sec.gov.
The contents of this Interim Review were prepared prior to the announcement of our financial results for the third quarter of fiscal 2013.
We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter ourforward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of theTokyo Stock Exchange.

1Message from the Management

Furthermore, on December 26, to further enhance ourgroup governance, we have decided basic policies for theestablishment of a strong governance system, as well as
establishment of designated organizations to strengthen
our crisis management capabilities.
Through these measures, we will establish a forwardlooking advanced management structure, and use it as abase for Mizuho's growth through contribution to customers, the economy, and society.

Domestic and International Economic Environment
Reviewing the recent economic environment, visible signsof underlying strength, such as the bottoming out of thegradual slowdown in the European economy, are now
being demonstrated by the global economy, which has
continued weak recovery.
In the United States, moderate recovery in the economy continues due to an improvement in employment conditions which is reflected in the increase in consumer
spending and other factors, although the risk of an economic slowdown remains. In Europe, signs of bottomingout can be seen as the GDP growth rate in the Euro area
has become positive again, due to the improvement incompany performances. In Asia, as the Chinese government has maintained its policy of restricting excess investment, the growth rate is relatively low compared to recent
previous levels.
In Japan, on the other hand, gradual recovery in theeconomy continues due to the improved export situation
following the depreciation of the yen against other currencies and the effects of economic measures and monetary policies, as well as other factors.

As President and Group CEO of Mizuho Financial Group, I
would like to express our deep appreciation for your continued interest in and support of our group.
First of all, I would like to take this opportunity to
express our most sincere apologies to our stakeholders
for the inconvenience and concern that we have caused
in relation to the administrative order which Mizuho
Financial Group and Mizuho Bank received.

Administrative Order to Mizuho Financial Groupand Mizuho Bank

Summary of Financial Results for the First Half of
Fiscal 2013

On September 27, 2013, Mizuho Bank received an administrative order to take measures aimed at preventing andterminating transactions with anti-social elements inrelation to a portion of certain joint loans. On December
26, Mizuho Financial Group, the holding company, andMizuho Bank received an additional administrative order.
Since severing relationships with anti-social elements is
one of our primary responsibilities as a financial institution, the finding of this insufficiency in our activities ismost regrettable and we take this matter with the utmost
seriousness.
The business improvement plan, which we have alreadysubmitted to the Japanese Financial Services Agency, is
progressing as planned, making use of our combined groupstrengths.

Amid this environment, we were able to make a favorable
start towards achieving the targets in our new mediumterm business plan, the “One MIZUHO New Frontier Plan.”First of all, we made a strong start in our net income,reporting a record level of ¥429.7 billion, which was 85%
against the original earnings plan. Income from Trading &Others decreased, however, Customer Group's income
increased mainly due to higher income from domestic
business, particularly Non-interest Income, as well as
income from overseas business, particularly in Asia. Net
Operating Revenues of Mizuho Securities also increased
mainly due to increases in equity brokerage commissions aswell as commissions and fees related to sales of investment
2

Message from the Management

In Conclusion

trusts. We also made steady progress in fully realizing ourstrength of integrated management of banking, trust, andsecurities functions, in terms of both structure and revenues. We attained 80% of our annual targets during theinterim period for the One MIZUHO Synergy.
Next, concerning capital adequacy, we have exceeded
the Common Equity Tier 1 capital ratio (on a fully-effective
basis, including the Eleventh Series Class XI Preferred
Stocks*) of 8%, a target level we set in our medium-termbusiness plan.

In view of the administrative order, to attain our statedobjective of being “the most trusted” financial group, we
will not stop with just severing relationships with antisocial elements. We must also strongly renew our awareness of the necessity of creating more enhanced governance systems and taking drastic steps to improve ourcorporate culture.
I will take the lead in devoting our fullest efforts torestoring customer confidence and will address forthrightly the issues we face. We must reflect sincerely on theseissues and understand this as a time for strengthening ourawareness of our social responsibilities and public mission
as a financial institution and to devote our utmost efforts
to building a stronger organization.
We sincerely appreciate your continuing support forthese endeavors.

*Although preferred stocks are not classified as Common Equity Tier 1(CET1) capital under Basel III, our calculation includes the Eleventh
Series Class XI Preferred Stock (mandatory conversion date: July 2016)
in CET1 capital.

Full-scale Start of the One MIZUHO Structure
In July 2013, Mizuho Bank and Mizuho Corporate Bank
merged as planned, and the new Mizuho Bank was born.
We have made steady progress toward our objective of
establishing the new group management structure. Ourtrust banking and securities companies became whollyowned subsidiaries in September 2011; we commenced
operations as a substantive one bank in April 2012; andlaunched a new “Mizuho Securities” in January 2013. As
a result of this merger, the initiatives we have been implementing to date have been completed for the time being,
and we have now formed a structure with the holding
company determining and promoting group-wide strategies in a unified manner and with a sense of speed.
By establishing this new group management structure,
we aim to further maximize our differentiating featuresand strengths as a financial group in Japan with banking,trust, and securities functions under one umbrella and,
thereby, further improve customer convenience.
For the new Mizuho Bank, now that the merger has
been concluded, we are well aware that this fiscal year
will be a time when its true strength will be tested. As
Japan's leading bank with one of the largest customer basein the country, and under the banner of “One MIZUHO,”
Mizuho Bank will draw on the group's comprehensive
capabilities, our group's biggest competitive advantage,
which is to meet the diverse needs of our customers
through services only Mizuho can provide, and will contribute to the prosperity of economies and societies
throughout the world. Furthermore, we will endeavor tofulfill our social mission as a financial institution, and continue to devote our efforts to providing our customers
with a smooth supply of funds.

January 2014

Yasuhiro Sato
President & Group CEO
Mizuho Financial Group, Inc.
President & CEO
Mizuho Bank, Ltd.

Note: The above contains statements that constitute forward-looking
statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995. See the disclaimer at thebottom of page 1 of this Interim Review for information regarding factors that could cause actual results to differ from those in
the forward-looking statements.

3

Message from the Management

management of banking, trust, and securities functions
and endeavor to enhance our trust and consulting functions to provide comprehensive financial services togroup customers.
Specifically, we are establishing joint branches with
Mizuho Bank and Mizuho Securities and are also setting
up Trust Lounges that specialize in offering consultation
services, to provide unique trust services, including asset
inheritance and real estate-related business. Furthermore,
we will accelerate initiatives only Mizuho can provide bytaking advantage of our group strengths, such as offering
Educational Grant Trusts at Mizuho Bank, enhancing testamentary related business at all branches of Mizuho
Securities, and other activities.
To tackle the challenge of expanding the possibilities for
new trust products and services, in May 2013, we became
the first Japanese trust bank to conclude trust arrangements for solar power generation facilities as part of its
activities to broaden services for customers entering therenewable energy source business.
We will continue to strengthen our development of
new products and services that respond to a broad spectrum of customer needs, and contribute to economic,
social, and regional development by focusing on opening
new frontiers in the trust business.

Mizuho Trust & Banking

As part of the Mizuho group, we would like to take thisopportunity to express our most sincere apologies to ourvalued customers and to society at large for the inconvenience and concern that we have caused in relation to
Mizuho Financial Group and Mizuho Bank's administrative order.
We recognize the importance of our responsibility tosociety as a financial institution and our public mission,and are endeavoring to enhance our compliance and risk
management structures.

Mizuho Trust & Banking's Services
As Mizuho's sole trust bank providing trust functions, we
endeavor to meet the various needs of our customers
through offering products and services that make use of
the special features of trusts. At the same time, we arepromoting integrated group management of banking,trust, and securities functions.
For individual customers, we offer comprehensive services unique to trust banks based on our sophisticatedexpertise. Our services range from asset management,
including money trusts and other products, to real estateand consulting on asset and business inheritance.
For corporate customers, we provide the best trustrelated solutions to address their management needs
through trust services, including real estate-related trusts,
securitization, and other services where we have strengths
as well as our financial consulting services. Also, we willcontinue to enhance our service structure for offering
advanced products in the pensions and asset management functions.

Under the spirit of One MIZUHO, we aim to become
the “trust bank that is most trusted by customers.”
We sincerely appreciate your continuing patronage.

January 2014

Takeo Nakano
President & CEO
Mizuho Trust & Banking Co., Ltd.

To become the “Trust Bank that is Most Trusted
by Customers”
Based on the medium-term business plan formulated
in April 2013, we will thoroughly pursue integrated
4

Message from the Management

have launched our own medium-term business plan
covering the period from fiscal 2013 through fiscal 2015.
This year, we made a favorable start by devoting ourefforts to addressing the key challenges which confrontus, working toward early realization of synergy benefits tobe generated by the merger, and steadily implementing
our medium-term business plan, which is in its first year.
Also, as a One MIZUHO initiative, we are accelerating
integrated management of banking, trust, and securities
functions by establishing joint branches with Mizuho
Bank and Mizuho Trust & Banking, collaborating on NISA
related business with Mizuho Bank, expanding the “dualhat” structure with Mizuho Bank, and expanding our
testamentary-related business by making all our branches
agents of Mizuho Trust & Banking.
We set two key goals in our medium-term businessplan. First, as a participant in financial and capital markets, we set the goal of striving to provide growth capitalthrough markets and contribute to the economic growthof Japan, Asia, and the world through sound development of markets. Second, we set the goal of working tobecome a company which helps our customers to build
up their assets and enhance their corporate value, andwhich shares in the joy of their success. To achieve these
two objectives, we will build on our current strengths andtake our capabilities to the next level as we substantiallyenhance our collaboration with Mizuho's banking andtrust banking arms, to offer even higher-value-added
products and services.

Mizuho Securities

As part of the Mizuho group, we would like to take thisopportunity to express our most sincere apologies to ourvalued customers and other stakeholders for the inconvenience and concern that we have caused in relation to
Mizuho Financial Group and Mizuho Bank's administrative order.
We intend to continue focusing on establishing a business operation structure with more reliable procedures torestore public trust.

Mizuho Securities' Services
Under the slogan of “One MIZUHO: Building the futurewith you,” we will promote seamless collaboration
between banking, trust, and securities businesses andthereby provide high-value-added securities services to
Mizuho's customers.
For individual customers, we provide financial products
including equities, bonds, and investment trusts as well as
timely research information, by leveraging our industryleading branch network and other channels such as theInternet and call centers.
For corporate customers, we offer equities, bonds andother securities underwriting operations, support for listing stocks, advisory services for various types of financial
matters and capital management, M&A advisory, structured finance and other solutions closely in line with thebusiness strategies of our customers.
For customers among institutional investors, in addition
to providing products and various research reports thatsuit their investment strategies, we are further reinforcing
our execution capabilities, thus meeting the increasingly
sophisticated needs of our customers.

We sincerely appreciate your continuing support.

January 2014

Hiroshi Motoyama
President & CEO
Mizuho Securities Co., Ltd.

Mizuho Securities' Medium-term Business Planand Initiatives for 2013
Based on Mizuho's new medium-term business plan, we
5Mizuho's Group Companies

Mizuho's Group Structure
Mizuho Financial Group

Mizuho Private Wealth Management

Mizuho Financial Strategy

Mizuho Information & Research InstituteMizuho Research InstituteDIAM

Mizuho Asset Management

Trust & Custody Services Bank

Mizuho Securities

Mizuho Trust & Banking

Mizuho Bank

Profiles of Group Companies (As of September 30, 2013)
Mizuho Financial Group (MHFG)

Mizuho Trust & Banking (MHTB)

Date of Establishment:
Capital:Issued Shares:

Date of Establishment: March 12, 2003
Capital:¥247,369 million
Location of Head Office: 1-2-1, Yaesu, Chuo-ku, Tokyo 103-8670,
Japan
Tel. +81-(0)3-3278-8111
Representative:
Takeo Nakano, President & CEO
Number of Employees: 3,119
Domestic Network
Head Office and Branches: 36
Sub-branches: 16 (Trust Lounges: 15)
Overseas Network
Subsidiaries: 2

January 8, 2003
¥2,254,972 million
25,113,525,747 shares
Common Stock: 24,198,773,747 shares
Preferred Stock: 914,752,000 shares
Location of Head Office: 1-5-5, Otemachi, Chiyoda-ku, Tokyo
100-8176, Japan(Relocated on December 9, 2013)
Tel. +81-(0)3-5224-1111
Representative:
Yasuhiro Sato, President & CEO(concurrently assumes President & CEO
of Mizuho Bank)
Number of Employees: 1,074

Mizuho Securities (MHSC)
Date of Establishment: January 4, 2013
Capital:¥125,167 million
Location of Head Office: Otemachi First Square, 1-5-1, Otemachi,
Chiyoda-ku, Tokyo 100-0004, Japan
Tel. +81-(0)3-5208-3210
Representative:
Hiroshi Motoyama, President & CEO
Number of Employees: 7,198
Domestic Network
Head Office and Departments: 3
Branches and Sales Offices: 116
Planet Booths: 168
Financial Advisors Sales Department: 1
Overseas Network
Subsidiaries: 8 Representative Offices: 2

Mizuho Bank (MHBK)
Date of Establishment: July 1, 2013
Capital:¥1,404,065 million
Location of Head Office: 1-3-3, Marunouchi, Chiyoda-ku, Tokyo
100-8210, Japan
Tel. +81-(0)3-3214-1111
Representative:
Yasuhiro Sato, President & CEO
Number of Employees: 26,839
Domestic Network
Head Office and Branches: 420
Sub-branches: 39
Overseas Network
Branches or Relevant Offices: 34
Representative Offices: 7

Ratings (As of January 31, 2014)
R&I
Long Term Short Term

Mizuho Financial Group
Mizuho Bank
Mizuho Trust & Banking
Mizuho Securities

A
A+
A+
A+

a–1
a–1
a–1
a–1

JCR
Long Term Short Term

—
AA–
AA–
AA–

—
—
—
J–1+

Moody'sLong Term Short Term

—
A1
A1
A2*

P–1
P–1
P–1
P–1*

Standard & Poor's
Long Term Short Term

A
A+
A+
—

—
A–1
A–1
—

Fitch
Long Term Short Term

A–
A–
A–
—

F1
F1
F1
—

* Credit ratings for MTN programme (Joint Medium-Term Note Programme with Mizuho International and Mizuho Securities USA, based on keep well agreement with Mizuho
Financial Group and Mizuho Bank).

6

Mizuho's Group Companies

Trust & Custody Services Bank (TCSB)

Mizuho Research Institute (MHRI)As Mizuho's trust bank specializing in asset administration, TCSB
will continue to provide high-quality, high-value-added trust andcustody services to customers including large institutional
investors. As of March 31, 2013, the balance of assets undermanagement was approximately ¥358 trillion, the largest scale inJapan.

MHRI is a think tank with high-level research and solutiondevelopment divisions as well as its own corporate membershiporganization. MHRI's missions are working to contribute to theprosperity of its customers and the development of society
through its research activities.
Date of Establishment: October 1, 2002
Capital:¥900 million
Location of Head Office: 1-2-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative:
Mitsuaki Tsuchiya, President & CEO
Number of Employees: 287

Date of Establishment: January 22, 2001
Capital:¥50,000 million
Location of Head Office: Tower Z, Harumi Triton Square, 1-8-12,
Harumi, Chuo-ku, Tokyo
Representative:
Akira Moriwaki, President & CEO
Number of Employees: 581

Mizuho Information & Research Institute (MHIR)
With IT as its core technology, MHIR is a professional organization
with more than 4,000 employees that provides assistance to corporations in increasing their corporate value through its consulting, system integration and outsourcing services.

Mizuho Asset Management (MHAM)
MHAM's core businesses are investment trust business, mainly for
individuals and financial institutions, and investment advisorybusiness, principally for public and private pensions, financial
institutions and corporations. MHAM's asset management products and services cover a wide range from equities and bonds toalternative investments.

Date of Establishment: October 1, 2004
Capital:¥1,627 million
Location of Head Office: 2-3 Kanda-Nishikicho, Chiyoda-ku,
Tokyo
Representative:
Junichi Nishizawa, President & CEO
Number of Employees: 4,298

Date of Establishment: July 1, 2007
Capital:¥2,045 million
Location of Head Office: 3-5-27, Mita, Minato-ku, Tokyo
Representative:
Shinichiro Tanaka, President
Number of Employees: 227

Mizuho Financial Strategy (MHFS)
MHFS offers research and advisory services relating to matterssuch as establishment of holding companies, smooth implementation of group management and building group information
security management systems.

DIAM
DIAM is an asset management company in which The Dai-ichi Life
Insurance and Mizuho both have equity holdings. DIAM collaborates with its offices in Europe, the United States and Asia to offer
investment trust products to individuals and corporate customers,
as well as provide investment advisory services to customers
including Japanese and overseas pension funds.

Date of Establishment: September 29, 2000
Capital:¥10 million
Location of Head Office: 2-5-1, Marunouchi, Chiyoda-ku, Tokyo
Representative:
Hideyuki Takahashi, President
Number of Employees: 41

Date of Establishment: October 1, 1999
Capital:¥2,000 million
Location of Head Office: New Tokyo Building 5th Floor, 3-3-1,
Marunouchi, Chiyoda-ku, Tokyo
Representative:
Norio Nakajima, President & CEO
Number of Employees: 418
Overseas Network
Subsidiaries: 4

Mizuho Private Wealth Management (MHPW)MHPW offers consulting services tailored to the needs of its customers. These services range from consulting on customers'
financial matters such as wealth management, arranging for business inheritance to advice on customers' individual matters,
including health of the customers themselves as well as family
members and children's education.
Date of Establishment: October 3, 2005
Capital:¥500 million
Location of Head Office: 1-1-5, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative:
Nobutake Nishijima, President
Number of Employees: 24

Notes: 1. The representatives of each company have representation rights.
2. The numbers of employees do not include each company's employees dispatched outside each company while it includes employees dispatchedfrom outside each company. This figure also includes overseas local staff but excludes executive officers and temporary employees.

7Office Network

We utilize our office network, which covers every prefecture in Japan as well as major overseas cities, to respond to ourcustomers' diversified and globalizing financial needs while supporting the smooth progress of economic activities.
International Network (As of December 31, 2013)
MHBK

MHTB

Overseas branch or relevant office
Overseas representative office
Overseas subsidiary

MHSC

Overseas subsidiary

DIAM

Overseas subsidiary
Overseas representative office

Overseas subsidiary

AmsterdamDüsseldorf
Frankfurt

LondonBeijing

Luxembourg

Moscow

Brussels
ViennaParis
MadridIstanbul
TehranTorontoCalgary

DalianBostonSeoul

Nanjing
Wuxi
Hefei
Wuhan
XiamenZurichMilan

ChicagoTianjin

Qingdao

VancouverSuzhouHoboken
New York

San Francisco

Atlanta
HoustonNew Delhi

Shenzhen
Guangzhou
Hong Kong
Hanoi

BahrainRiyadhDubai

ShanghaiCaymanTaipeiTaichung
Kaohsiung

MumbaiBangalore-Devanahalli
Chennai

NassauLos Angeles

Mexico City

Network in Japan

YangonBangkokPhnom Penh
Ho Chi Minh City

Manila(As of September 30, 2013)

MHBK
Head Office and Branches: 420
Sub-branches: 39

Kuala Lumpur

MHTB

LabuanSingapore

Head Office and Branches: 36
Sub-branches: 16

Jakarta

MHSC

Johannesburg

Head Office and Departments: 3
Branches and Sales Offices: 116
Planet Booths: 168
Financial Advisors Sales Department: 1

Sydney*Planet Booths are the consulting boothsof MHSC located in MHBK's Branches• Banco Mizuho do Brasil, a wholly-owned subsidiary of MHBK, started its business operations in July 2013.
• Mizuho Bank (China) established the Hefei Branch and started its business operations in August 2013.
• MHBK opened the Calgary Office in October 2013.
• MHBK established the Chennai Branch and started its business operations in November 2013.
• MHBK established the Johannesburg Representative Office in December 2013.
• Mizuho Bank (China) received approval from the China Banking Regulatory Commission to establish sub-branches in
the China (Shanghai) Pilot Free Trade Zone and in Changshu, and is making preparations to open the two sub-branches.

8São PauloMatters Related to Elimination of Transactions with Anti-Social Elements

Matters Based on the Business Improvement Order
Concerning the Transactions with Anti-Social Elements

Business Improvement Plan Prepared by MHBK andan Overview of Actions Being Taken by MHFG

On September 27, 2013, a business improvement order was
issued by The Japanese Financial Services Agency (“FSA”) to
Mizuho Bank (“MHBK”) for reasons such as the fact that nosubstantial steps were taken for more than two years after it
was ascertained that joint loans had been provided to manyanti-social elements.
We would like to take this opportunity to express ourmost sincere apologies to our valued customers and otherstakeholders for the inconvenience and concern that wehave caused in relation to this business improvement order.
The Mizuho Code of Conduct pledges to confront antisocial elements, and Mizuho Financial Group (“MHFG”) has
always positioned severing ties with anti-social elements as
one of its most important management issues. We havebeen focusing on preventing and terminating such transactions as those with anti-social elements by making use ofaccumulated data and continually gathering information, as
well as enhancing the framework for improving the awareness of executives and employees regarding changes insocial conditions.
Nevertheless, we gravely accept the highly regrettable
fact that our framework to prevent and sever relationships
with anti-social elements was inadequate for certain captive
loans.
MHFG considers this incident to be extremely serious,and immediately established an internal investigation committee that is responsible for thorough fact-finding, as well
as formulating and carrying out major improvement measures. We have also established the Special Investigation
Committee on Improvement of Joint Loan Business (“Thirdparty Committee”) with three legal professionals in order tofact-find and identify causes from an objective perspective,
and to provide recommendations for improvement measures.
Based on the consideration in the internal investigationcommittee as well as the results of investigations and suggestions provided by the Third-party Committee, MHBK has
formulated a business improvement plan, which was submitted to the FSA on October 28, 2013. The focus of thisplan is on the increasing expectations of society regarding
severing ties with anti-social elements.
We will further enhance measures to sever ties with antisocial elements, and fulfill our responsibility to society,through ensuring sound products and services on a groupbasis, and by thoroughly implementing this business improvement plan.

The business improvement plan submitted to the FSA on
October 28, 2013, and an overview of actions to be taken
by MHFG in order to sever ties with anti-social elements,
which was announced on the same day, are as follows, andthe business improvement plan is progressing as planned.

Improvement measure frameworks
Measuresto prevent
recurrence(captive loan
measures)A plan formulated with a focus on
the increasing expectations of society regarding
severing ties with anti-social elements

Structuralenhancements(management
structure,organization)

Reformingawareness, etc.
(heightening awareness, improving
corporate
culture)1. Measures to Prevent Recurrence—Elimination of anti-social element transactions forthe captive loans (loans through captive affiliates)—
Termination of captive loans with anti-social elements
Increase stringency of entry checks of anti-social elements
Increase stringency of post-entry checks of anti-social
elements
2. Structural Enhancements—Increase management level participation and reorganize management of divisions—
Establishment of the Anti-Social Elements Elimination
Committee
Appointment of an external director to the Board of
Directors at MHBK
Deployment of a Deputy President as the Group Chief
Compliance Officer
Review of the Compliance Group
3. Reforming awareness, etc.
—Improving awareness among executives and employees, and improving corporate culture—
Improve awareness of elimination of anti-social elements
Strengthen cooperation (with law enforcement agencies,
legal professionals, etc.)
Enhance checks and balances
Improve corporate culture9Matters Related to Elimination of Transactions with Anti-Social Elementsfunction by external persons); 2) ensure optimal placementof human resources that support the governance system;and 3) the adoption of a global and advanced governanceframework.
We plan to conduct necessary studies and preparations
with an aim to execute various measures at MHFG in April
2014, provided that they will be approved at the general
meeting of shareholders, and at MHBK, Mizuho Trust &Banking (“MHTB”) and Mizuho Securities (“MHSC”) aroundfirst half of fiscal 2014.

Concerning the Administrative Order to MHFG
and MHBK by the FSA
On December 26, 2013, MHFG and MHBK received an administrative order by the FSA pursuant to article 52-33, paragraph 1 and article 26, paragraph 1* of the Banking Act.
We gravely accept and regret such order and would liketo take this opportunity to express our most sincere apologies to our valued customers and other stakeholders for theinconvenience that we have caused.
We steadily implement the business improvement planthat has been submitted to the FSA (dated October 28,2013) and will also be implementing additional measures
based on the administrative order received this time.

(1) Consideration of the transformation into a Company
with Committees (MHFG)
MHFG plans to further enhance corporate governance, including strengthening the supervisory function against execution
and improving transparency of management processes,
and enhance the flexibility of management process by facilitating swifter decision making. It aims to transform into a
Company with Committees and will conduct specific studies
and preparations accordingly, provided that such plans will
be approved at the general meeting of the shareholders.

* Cease new credit transactions under the four-party captive loan
scheme from January 20, 2014 to February 19, 2014.
Thoroughly implement measures relating to the four-party tie-up
loans, including training all executive officers and employees involvedin the scheme during the period set forth above.

Measures for the Enhancement of Group
Governance(2) Separation of the chairman of the Board of Directors
from the general execution of business operations(MHFG)In order to clarify the supervisory function of the Board of
Directors, MHFG and MHBK will consider separating thechairman of the Board of Directors from the general execution of business operations and appointing external directors
as the chairman of the Board in principle.

As set forth in the “One MIZUHO New Frontier Plan—
Stepping up to the Next Challenge—,” dated February 26,
2013, MHFG aims to strengthen group governance andimprove group management efficiency as well as advance
Mizuho's business model towards the new frontier offinance through the transition to the single bank and single
securities structure, transformation into the new group capital structure and group management structure, and implementation of various measures such as the enhancement ofgroup governance which supports unified group strategies.
In order to fulfill our social responsibilities as a member ofthe global financial community, we have made decisions as
set forth in the details below in relation to establishing astrong governance system and strengthening our crisis management capabilities, with an aim to further strengthen ourgroup governance and to further facilitate the progress ofour business model.

(3) Additional appointment of external directors(MHFG, MHBK, MHTB and MHSC)
MHFG, MHBK, MHTB and MHSC will consider appointing
additional external directors with expert knowledge of andexperience in corporate governance, compliance with laws
and regulations and crisis management and risk management of financial institutions, etc.
(4) Clarification of the rules concerning directors of theexecution line serving concurrent positions (MHFG,MHBK, MHTB and MHSC)
MHFG, MHBK, MHTB and MHSC will consider appointing
Board of Director and Executive Officer (MHFG) or Executive
Directors (MHBK, MHTB and MHSC) based on areas of
responsibilities (Head of Compliance Group, etc.) rather thantitles (Deputy President, Managing Executive Officers, etc.).

1. Establishment of a strong governance system
Mizuho has decided to conduct necessary studies andpreparations in relation to the following draft measures forthe establishment of a strong governance system based on
the following three basic policies: 1) fundamentally strengthen supervisory function of the Board of Directors against theexecution (particularly the active use of check-and-balance(5) Establishment of optional committees, etc. (MHFG
and MHBK)MHFG and MHBK will consider establishing the following
10Matters Related to Elimination of Transactions with Anti-Social Elements

2. Strengthening crisis management capabilities

optional committees, etc. (the majority of each committee
or meeting's members will be external directors), as advisory
bodies of the Board of Directors.
• Risk Committee (MHFG and MHBK): matters related togeneral risk management• Audit and Compliance Committee (MHBK): matters related
to internal audit and compliance with laws and regulations• Human Resources Review Meeting (MHFG): verification of
executive officers and candidates of the Groups' executive
officers with titles, and assessment of executive officers, etc.
We will also establish the External Director Session inorder to achieve more effective communication among external directors.

In addition to strengthening the ability to respond to emergency situations or events of emergency, we will establish
systems that will respond appropriately to crises by detecting
signs and indicators of crises in advance.
(1) Establishment of “Crisis Management Department”(MHFG and MHBK)MHFG and MHBK have decided to establish “Crisis
Management Departments” that will be responsible forresponses in the event of emergency and business continuity
management within Corporate Planning Divisions of MHFG
and MHBK (established in January 2014).
The departments will comprehensively handle a series of
responses in the event of emergency that may materially
impact business management, including information collection and analysis, implementation of countermeasures, etc.,
and will function as a controller during MHFG's and MHBK's
crisis responses, etc., including collecting and analyzing signs
and indicators of the crisis and reporting to the management without delay.
MHFG and MHBK intend to actively take in a wide range
of knowledge through strengthening relationships with

(6) Establishment of the Board of Directors Office (tentative name) (MHFG and MHBK)MHFG and MHBK will consider newly establishing an organization that supports the governance system consisting mainly of external directors.
The structure chart of MHFG before and after the implementation of various measures set forth in (1), (5) and (6)above will be as follows:(For illustrative purposes)<Before (MHFG)><After (MHFG)>

General Meeting of
Shareholders

General Meeting of
Shareholders

Corporate
Auditors, Boardof Corporate
Auditors

Nomination
Committee

Corporate
Auditors
OfficeRisk Committee

Board ofDirectors

Human Resources
Review Meeting

Board ofDirectors

Compensation
Committee
Audit Committee

External Director
SessionBoard of Directors
Office (tentative name)
Executive
Management
Committee

Business
PolicyCommittees

President &CEO(Group CEO)Internal
Audit
Committee

Executive
Management
Committee

Business
PolicyCommittees

Group
Strategy
Conferences

Units, Groups, Executive Secretariat

Internal Audit
Group

President &CEO(Group CEO)Group
Strategy
Conferences

Units, Groups, Executive Secretariat

11

Internal
Audit
Committee

Internal Audit
GroupMatters Related to Elimination of Transactions with Anti-Social Elements

external institutions, accumulate know-how through the collection, research and analysis of past events, etc., and internalize such knowledge and know-how.
In addition to increasing the number of personnel,
Mizuho will strengthen its crisis management capabilities asa group by establishing and implementing similar designatedorganizations in MHTB and MHSC.
(2) Implementation of the system to collect signs andindicators of crises (MHFG and MHBK)MHFG and MHBK have developed and strengthened systems based on each cause of emergencies. As the change ofsocial conditions further accelerates in recent years, MHFG
and MHBK have decided to enhance the system applicableto the pre-emergency stage, such as implementing rules
concerning the collection and dissemination of signs andindicators of crises, in order to respond appropriately at an
early timing and to minimize the impact of the event.
(3) Establishment of a special sub-committee (MHFG)
From the perspective of preparing in ordinary times forstrengthening the ability to respond to events as a group that
may materially impact the management, MHFG has decided
to newly establish, under its “Business Continuity Management
Committee,” the “Sub-Committee to Strengthen Responses
to Crisis” that exclusively handles themes and topics focusedon the strengthening of the crisis management capabilities(established in January 2014).
MHFG intends to establish a group-wide crisis response
system that may appropriately respond to the increasingly
drastic changes in social conditions by internalizing information relating to events that occurred at other companies
including those other than financial companies and knowhow of crisis management from external experts.

12Summary of Financial Results for the First Half of Fiscal 2013

Consolidated

Summary of Income Statement(billions of ¥)First half of fiscal 2013
Change from first halfof fiscal 2012

(61.0)
1,042.9
Consolidated gross profits(80.7)
418.6
Consolidated net business profits*1
+71.0
77.0
Credit-related costs+266.6
39.0
Net gains (losses) related to stocks
567.3+281.6
Ordinary profits
429.7+245.4
Consolidated net income*1. Consolidated gross profits - G&A expenses (excluding non-recurring
losses) + equity in income from investments in affiliates and certain
other consolidation adjustments

Consolidated net business profits for the first half of fiscal 2013 amounted to ¥418.6 billion, representing a
steady 51% progress against the original earnings planfor fiscal 2013. Both Customer Groups' income ofMizuho Bank and Mizuho Trust & Banking (the Two
Banks) and Mizuho Securities' Net Operating Revenues
increased significantly year-on-year.
• Gross profits of the Two Banks decreased by ¥95.1 billion
year-on-year to ¥785.0 billion. Total income from
Customer Groups increased by ¥75.2 billion year-on-year,
mainly due to increases in income from domestic business,particularly Non-interest Income, as well as in income fromoverseas business, particularly in Asia. However, income
from Trading & Others decreased by ¥170.3 billion.
• Net Operating Revenues of Mizuho Securities increased by¥37.0 billion year-on-year to ¥167.5 billion, mainly due toincreases in equity brokerage commissions and commissions and fees related to investment trusts.
• G&A Expenses of the Two Banks increased by ¥7.0 billion
year-on-year to ¥423.7 billion. However, if impact of foreign exchange rates is excluded, G&A Expenses decreased.
Consolidated Net Income increased by ¥245.4 billion
year-on-year to ¥429.7 billion. This is an 85% progressagainst the original earnings plan of ¥500.0 billion forfiscal 2013.
• Consolidated Credit-related Costs were a reversal of¥77.0 billion.
• Consolidated Net Gains (Losses) related to Stocks
improved by ¥266.6 billion year-on-year to net gains of¥39.0 billion, mainly due to a decrease in impairment losses for stocks.
• Consolidated Net Income of Mizuho Securities increased by¥28.7 billion year-on-year to ¥38.0 billion.

(Reference) Two Banks(billions of ¥)Gross profits
Customer Groups
Trading & Others
G&A expenses (excluding non-recurring losses)
Net business profits
Credit-related costs
Net gains (losses) related to stocks
Ordinary profits
Net income

First half of fiscal 2013
Change from first halfof fiscal 2012

785.0
655.1
129.9
(423.7)
361.2
79.1
27.2
465.8
371.7

(95.1)+75.2(170.3)(7.0)(102.1)+78.3+301.7+307.7+258.4

Loan Balance and Domestic Loan and Deposit
Rate Margin
Average loan balance*2 of the Two Banks for the firsthalf of fiscal 2013 amounted to ¥67.1 trillion. Comparedto the second half of fiscal 2012, average loan balanceof domestic loan balance, excluding loans to theJapanese Government, increased by ¥0.3 trillion, whereas that of overseas loan balance increased by US$8.1 billion, particularly in Asia. Domestic Loan and Deposit
Rate Margin of Mizuho Bank decreased from the second half of fiscal 2012, due to a decline in Return on
Loans and Bills Discounted.

13

Summary of Financial Results for the First Half of Fiscal 2013

Average Loan Balance(*2) (Two Banks, banking account)
Domestic branches(trillions of ¥)Overseas branches(*4)(billions of $)Domestic Loan and Deposit Rate Margin(*3) (Mizuho Bank)
Loan and deposit rate margin: a-b

Return on loans and bills discounted: a

Costs of deposits and debentures: b(trillions
of ¥)
60

(billions
of $)
600

(%)
1.8

55

550

1.6

50

500

1.4

45

450

1.2

15

150

0.6

10

100

0.4

5

50

0.2

0

0

0.0

Fiscal 2009
(first half)

Fiscal 2009(second half)

Fiscal 2010
(first half)

Fiscal 2010(second half)

Fiscal 2011
(first half)

Fiscal 2011(second half)

Fiscal 2012
(first half)

Fiscal 2012(second half)

Fiscal 2013
(first half)

Average loan balance
Domestic branches
Overseas branches¥66.7 tn.

¥63.0 tn.

¥61.0 tn.

¥61.1 tn.

¥60.8 tn.

¥63.8 tn.

¥62.5 tn.

¥66.5 tn.

¥67.1 tn.

¥58.6 tn.
$89.9 bn.

¥55.6 tn.
$81.5 bn.

¥54.6 tn.
$86.4 bn.

¥54.3 tn.
$92.5 bn.

¥53.7 tn.
$105.5 bn.

¥54.5 tn.
$121.3 bn.

¥53.7 tn.
$127.3 bn.

¥53.7 tn.
$133.2 bn.

¥54.9 tn.
$141.3 bn.

Return on loans andbills discounted: aLoan and deposit rate
margin: a-b

1.61%

1.55%

1.49%

1.45%

1.39%

1.37%

1.33%

1.30%

1.24%

1.41%

1.39%

1.36%

1.36%

1.32%

1.30%

1.26%

1.24%

Costs of deposits anddebentures: b((*5) 3Q 1.24%

0.19%

0.15%

0.12%

0.08%

0.07%

0.06%

0.06%

4Q 1.24%) (*5) (

0.06%

1.19%
1Q 1.20%
2Q 1.18%)

0.05%*2. Excluding loans to Mizuho Financial Group*3. Aggregate figures of domestic operations of Mizuho Bank (including figures of former Mizuho Bank for the first quarter of fiscal 2013), excluding loans
to Mizuho Financial Group, Deposit Insurance Corporation of Japan and the Japanese Government.
*4. Managerial accounting of Mizuho Bank, including figures of Mizuho Bank (China) and former Mizuho Bank for the first quarter of fiscal 2013
*5. 1Q: the first quarter, 2Q: the second quarter, 3Q: the third quarter, 4Q: the fourth quarter<Breakdown of year-on-year changes (rounded figures)>
Domestic Business: +¥37.0 billion
Solution Business-related: +¥12.0 billion
Investment Trusts & Individual Annuities: +¥10.0 billion
Settlement & Foreign Exchange: +¥3.0 billion
Trust & Asset Management*7: +¥5.0 billion
Others: +¥7.0 billion
Overseas Business: +¥23.0 billion

Non-interest Income

Non-interest income from Customer Groups of the Two
Banks for the first half of fiscal 2013 increased significantly year-on-year.

*7. Trust and Asset management business of Mizuho Trust & Banking(Two Banks, managerial accounting*6)(billions of ¥)
300
250

+60.2

Financial Soundness2000
Non-interest Income

Fiscal 2012 (first half)

Fiscal 2013 (first half)¥213.5 bn.

¥273.7 bn.

The Balance of Disclosed Claims of the Two Banks under
the Financial Reconstruction Law (FRL) as of September
30, 2013 decreased from March 31, 2013, to ¥1.02 trillion. Non-performing loan (NPL) ratio decreased to
1.35%. Consolidated Unrealized Gains (Losses) on Other*6. New managerial accounting rules have been applied since thebeginning of fiscal 2013. The figure for the first half of fiscal 2012
was re-calculated based on the new rules (the impact for the firsthalf of fiscal 2012 was approximately –¥15.0 billion).

14

Summary of Financial Results for the First Half of Fiscal 2013

Securities* 8 as of September 30, 2013 increased by¥138.7 billion from March 31, 2013 to ¥1,016.8 billion,
mainly due to a rise in stock prices.

Total capital ratio
Tier 1 capital ratio
CET1 capital ratio*8. The base amount to be recorded directly to net assets after tax andother necessary adjustments.

Disclosed claims under the FRL

NPL ratio (right axis)(trillions of ¥)
1.5

(%)
2.5

1.0

2.0

0.5

1.5

0.0

March
2011

Disclosed claims¥1.20 tn.
under the FRL
NPL ratio
1.72%(right axis)

March
2012

March
2013

September2013¥1.16 tn.

¥1.29 tn.

¥1.02 tn.

1.63%

1.71%

1.35%

As of March 31, 201314.97%
11.70%
8.78%

14.19%
11.03%
8.16%*9. Estimated figures under fully-effective basis as expected to be ineffect at the end of fiscal 2018.
*10.Although preferred stocks are not classified as CET1 capital under
Basel III, our calculation includes the Eleventh Series Class XI
Preferred Stock (mandatory conversion date: July 2016) in CET1
capital. The outstanding balance of the Eleventh Series Class XI
Preferred Stock as of September 30, 2013 (excluding treasury
stock) was ¥331.0 billion (64.9% of the initial amount issued of¥943.7 billion had already been converted into common stock as ofsuch date).

Japanese Government Bond of the Two Banks decreased
from March 31, 2013, to ¥25.8 trillion.
(Two Banks)

As of September 30, 2013

Note: The above contains statements that constitute forward-looking
statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995. See the disclaimer at thebottom of page 1 of this Interim Review for information regarding factors that could cause actual results to differ from those in
the forward-looking statements.

1.0

Capital Adequacy

Consolidated total capital ratio, Tier 1 capital ratio, Common
Equity Tier 1 (CET1) capital ratio as of September 30, 2013
amounted to 14.97%, 11.70% and 8.78%, respectively.
We have been implementing “disciplined capital management” by pursuing the optimal balance between“strengthening of stable capital base” and “steady returns
to shareholders.”
With regard to the new capital regulations (Basel III) for
which implementation period commenced from the end of
March 2013, we aim to increase the CET1 capital ratio (fullyeffective basis* 9, including the Eleventh Series Class XI
Preferred Stock*10) to 8% or higher as of the end of fiscal
2015, the final year of our new medium-term business plan.
Specifically, we will strive to accumulate our capital steadily
and to strengthen our financial base further, mainly by accumulating retained earnings and improving asset efficiency
through the steady implementation of our various initiatives
in the new medium-term business plan.
In the medium- to long-term, we aim to accumulate asufficient level of CET1 capital, giving due regard to thetimeline of the phase-in implementation through the end of
fiscal 2018. Accordingly, we believe we will be able to sufficiently meet the new capital regulations including theframework to identify G-SIFIs.

15

Progress of One MIZUHO New Frontier Plan—Stepping up to the Next Challenge—

Mizuho's Vision

The most trusted financial services group with a global presence and a broad customer base, contributing to theprosperity of the world, Asia, and Japan.

<Ten Basic Strategies><Five Basic Policies>
1. Further develop integrated strategies across the group for eachcustomer segment to respond to
the diverse needs of our customers
2. Contribute to sustainable development of the world and Japanby proactively responding tochangeBusiness
Strategy

3. Mizuho Means Asia: accelerate
globalization
4. Build strong financial and management foundations to support
the essence of Mizuho
5. Form strong corporate governance and culture in the spirit of
One MIZUHOBusiness
Management,
Management
Foundations,etc.

(1) Strengthen integrated financial services by unifying banking, trust banking, and securities functions to respond to finely detailed corporate and personal banking segments(2) Perform consulting functions taking advantage of our industry and businessknowledge and forward-looking perspective(3) Support formation of personal financial assets in Japan and invigorate their investment(4) Strengthen proactive risk-taking functions for growth industries and corporations(5) Strengthen and expand Asia-related business in Japan and on a global basis(6) Cultivate multi-level transactions by capturing the accelerating global capital andtrade flows(7) Strengthen stable financial foundations based on abundant liquidity and appropriate capital levels(8) Establish the optimal management foundations (human resources and business
infrastructure) to support business strategy.
(9) Further strengthen proactive governance and risk management(10) Embed the new Mizuho corporate identity toward forming a common culture throughout the group and take actions toward being the best financial services provider

In April 2013, Mizuho began to implement its One Mizuho
New Frontier Plan—Stepping up to the Next Challenge—
developing five basic policies and ten basic strategies, which
add more detail to the five basic policies and managementfoundations.
In the new medium-term business plan, based on our
shift to a new group structure which unifies banking, trust,and securities functions, we are planning to realize ¥90.0
billion in synergies through fiscal 2015 and ¥33.0 billion insynergies in fiscal 2013. During the first half of fiscal 2013,
we reported synergies of ¥26.0 billion, thus attaining about
80% of the planned total synergies for the fiscal year.

as business owners and individuals, and aims to become
their long-term business partner. To this end, we have created a private banking service structure encompassing banking, trust, and securities functions that can respond to all
their requirements for passing on businesses and assets tothe next generation.

Perform Consulting Functions Taking Advantage
of Our Industry and Business Knowledge andForward-looking Perspective
MHBK acted as one of the founders of the Cool Japan Fundwhich is the core organization implementing the Japanese
government's “Cool Japan” strategy. Going forward, Mizuho
will continue to draw on its knowledge and insight into various industries, which are its major strengths, and provide
consulting services and financial intermediary functions tothose companies and other entities that are supporting theinitiatives of the Cool Japan Fund.

Strengthen Integrated Financial Services by
Unifying Banking, Trust, and Securities
Functions to Respond to Finely Detailed
Corporate and Personal Banking Segments
Staff members are concurrently working in some of the business promotion divisions at both MHBK and MHSC, thus promoting further collaboration within the group. They provide
solutions that are suited to customers' capital management
as well as business and financial strategies. In addition, RMsof MHBK and MHTB are working together as one to meetthe diverse needs of customers for management of theirassets, streamlining their balance sheets, and providing otherservices. This collaboration enables them to offer the optimal trust solutions to their customers based on an industryleading track record in real estate and other trust-related
services.
For high-net-worth customers, especially corporate owners, we are responding to the full range of their needs, both

Support Formation of Personal Financial Assets
in Japan and Invigorate their Investment
MHBK and MHSC are working together to respond to theintroduction of Nippon Investment Savings Accounts (NISA),

Note: The contents contains statements that constitute forward-looking
statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995. See the disclaimer at thebottom of page 1 of this Interim Review for information regarding factors that could cause actual results to differ from those in
the forward-looking statements.

16

Progress of One MIZUHO New Frontier Plan—Stepping up to the Next Challenge—

which is tax-exempt up to a specified limit, by expanding
their lineup of investment products. This has included
introducing the i-Mizuho Index Series, which is a group of
22 no-load funds specializing in Internet-related investments
and funds managed by BlackRock, one of the world's largest
asset management companies.

customers by providing information, supporting their expansion into Asia, and offering financial services locally, as wellas through alliances with local financial institutions andgovernment-affiliated organizations in various countries.

Cultivate Multi-level Transactions by Capturing
the Accelerating Global Capital and Trade Flows

Strengthen Proactive Risk-taking Functions for
Growth Industries and Corporations

In addition to offering cross-border settlement services for
RMB and various emerging currencies, hedges against foreign exchange risk and issuing bonds for foreign trade,
MHBK provides cutting-edge solutions including securitization of overseas accounts receivable, trade finance using letters of credit and ECA (export credit agencies) finance.
Also, in order to respond to customers' increasingly global investment needs, MHTB is engaged in the global custodybusiness through building a network with Trust & Custody
Services Bank and its own overseas subsidiaries.

MHBK has set up Growth Business Assistance Fund and Next
Stage Fund to support the business growth of customers. In
cooperation with other financial institutions and public corporations, it is endeavoring to supply risk capital to growthindustries. These initiatives include the establishment of
Sixth Industry Fund for the Agriculture, Forestry, and Fishing
Sector, investment in the agency for the promotion of private finance initiatives and other activities for promoting useof private sector resources, and use of funds establishedjointly by the public and private sectors.

Strengthen Stable Financial Foundations Basedon Abundant Liquidity and Appropriate Capital
LevelsStrengthen and Expand Asia-related Business inJapan and on a Global Basis

We have made a favorable start toward achieving the objectives of the medium-term business plan. This has included
transformation of quality of the profit structure graduallyrealized through increases in income from Customer
Groups and Non-interest Income both in Japan and overseas, as well as ensuring a sufficient level of capital as of
September 30, 2013.

MHBK is expanding its office network, opening the
Bangalore-Devanahalli Branch and Chennai Branch in India,
a representative office in Phnom Penh in Cambodia, andYangon in Myanmar. Also, Mizuho Bank (China), MHBK's
subsidiary in China, opened a branch in Hefei. MHBK will
also establish structures to meet the diverse needs of its

Results for First Half of Fiscal 2013
Fiscal 2015 (Plan)
ROE(Consolidated)

Approximately 9%
Target Figures(Fiscal 2015)
RORA
Common(Consolidated
Equity Tier 1
1
Net Income on
Capital Ratio*
Risk-weighted Assets)(Fully-effective basis*2)
8% or higher

Approximately 0.9%

Profitability

ROE (Consolidated)
RORA(Consolidated Net Income
on Risk-weighted Assets)
Common Equity
Tier 1 Capital Ratio*1(Fully-effective basis*2)
Net Income (Consolidated)
Group Expense Ratio*3

Efficiency

Soundness

Expense Ratio(Banking Subsidiaries)*4
Ratio of Stock Portfolio
against Tier 1 Capital*5First half of fiscal 2013
(Results)

Approximately 9%

14.0%

Approximately 0.9%

1.5%

8% or higher

9.16%¥550.0 billion level¥429.7 billion

Mid 50% range

58.1%

Lower 50% level

53.9%

Approximately 25%

29%*1. Common Equity Tier 1 (CET1) capital ratio was 8.78% as of September 30, 2013. Although preferred stocks are not classified as CET1 capital under Basel III, both our planned
and actual figures include the Eleventh Series Class XI Preferred Stock (mandatory conversion date: July 2016) in CET1 capital.
*2. Estimated figures under fully-effective basis as expected to be in effect at the end of fiscal 2018.
*3. MHBK+MHTB+MHSC*4. MHBK+MHTB*5. After taking into consideration the hedging effects. Also, although preferred stocks are not classified as CET1 capital under Basel III, both our planned and actual figures include the Eleventh Series Class XI Preferred Stock (mandatory conversion date: July 2016) in CET1 capital.

17

Progress of One MIZUHO New Frontier Plan—Stepping up to the Next Challenge—

Establish the Optimal Management Foundations(Human Resources and Business Infrastructure)
to Support Business Strategy
Along with optimizing the training and use of humanresources as well as business operations from a group-wide
perspective, MHFG is working to develop stable and highly
reliable management foundations, including next-generations
systems.

Further Strengthen Proactive Governance andRisk Management
In view of the receipt of the administrative order, MHBK will
strengthen its governance framework by appointing an
external director to the Board of Directors. Also, to enhance
the sophistication of group governance, MHBK will alsoestablish a specially appointed committee of advisors.

Embed Mizuho's Corporate Identity TowardForming a Common Culture Throughout theGroup and Take Actions Toward Being the Best
Financial Services Provider
Each and every employee will take a flexible approach tochanges in society and proactively step up to the challenges
they face. Mizuho will also promote further strengthening
the One MIZUHO Promotion Project Team, from the perspective of driving the self-starting actions of each and every
employee. Specifically, it will further strengthen continued
actions within the group, by commencing discussion sessions with senior management at all head office and marketing offices, and off-site meetings for general managers ofhead office divisions and marketing offices at major groupcompanies.

18

Business Approaches

Approaches to Individual Customers

In order to meet the needs of individual customers throughout their lives, Mizuho prepares financial plans and advises
customers on products and services such as household
account management, preparation for the future, housing
and education funds, retirement fund management, inheritance funds, and so on, to meet the various stages and circumstances of their lives.

introduction services, it offers a wide range of financial
products to customers across Japan by supplying theseproducts to MHBK, registered regional banks and otherfinancial institutions that have strong customer bases intheir respective areas.

Approaches to the Japanese Version of
the Individual Savings Account (NISA)

Meeting Customers' Asset Management Needs

Activities in this area are focused mainly on MHSC
and MHBK, which are drawing on the comprehensive capabilities of the group in their approach to
the Japanese version of the Individual Savings
Account (NISA), which is tax-exempt up to a specified limit and has started in Japan in January 2014.
They assist their customers in making use of theseaccounts for asset management, based on interviews
with customers to determine their various asset management needs. For example, MHBK and MHTB
introduce their own customers with equity investment needs to MHSC.

Investment Trusts and Insurance Products
In order to support the management of its customers'
invaluable assets, Mizuho offers a variety of investment
products apart from deposit products, such as investment
trusts. MHBK and MHSC have been expanding their productline-up such as the i-Mizuho Index Series, a group of 22 noload funds which are offered through the Internet, andmanaged by BlackRock, one of the largest asset management companies in the world.
In addition, Mizuho offers a selection of insurance products, ranging from personal pension insurance and wholelife insurance to medical insurance and long-term care insurance to help customers prepare for future contingencies.

Meeting Customers' Lending Needs

Asset Management Products with Trust Functions
Housing Loans
MHTB offers results-based dividend-type money trusts
Chochiku no Tatsujin (Expert Saver). These trusts are provided at all branches of MHBK, with the exception of thosespecializing in corporate business, and many customers aremaking use of this product.
In addition, MHTB provides Asset Management Trust, atrust product which is separately established and managed
for each customer primarily by accepting their stocks, bonds,
and other securities. Making the most of the know-how it
has accumulated through its asset management business asa trust bank, it is responding to customers' various needs
ranging from support for asset management and investment
to methods for dealing with treasury stocks, which require
special care.

In August 2013, MHBK began to offer its Life Stage Support
Plan, a new service that makes it possible to increase or
decrease housing loan repayments to meet the household
budget requirements of various life stages, such as periods
when income declines as parents take child-rearing leaves
and times when expenses rise as children enter school.
Meanwhile, to enable our customers to consult on weekends and during the evening on weekdays, MHBK holds

Reverse Mortgage Loans
Against the background of the demographic agingof the population, in July 2013, MHBK began offering Mizuho Prime Age, a reverse mortgage loan
where customers may obtain loans based on theasset value of their homes. This service is being
offered in partnership with Benesse Style Care, aleading company in the pay-for-care nursing homegroup, and MHBK is working to provide a wide
range of benefits and improve related services.

Equities and Bonds
Besides offering investment products such as domestic andoverseas equities and bonds as well as structured bonds,
MHSC is making efforts to enhance its capabilities for providing investment information in a timely manner. Moreover,through its financial product intermediary and customer
19

Business Approaches

Approaches to Individual Customers

housing loan consultations and has set up Loan Consulting
Squares for consultations and loan contracts.

stations and commercial facilities.

Unsecured Loans
ATM Tie-up with AEON Bank
In addition to providing card loans available 24 hours a day
through ATMs and other channels, MHBK makes available a
broad spectrum of financial products suited various life
stages, including loans for tuition, the purchase of new
automobiles, and home renovation.

MHBK has begun to offer its customers services on
AEON Bank ATMs at the same fees charged on
MHBK ATMs. AEON Bank ATMs are located nationwide in Japan in shopping centers, supermarkets,convenience stores, and elsewhere. As a result, customers will have access to ATM services in locations
that are more convenient for their daily routine.

Rental Condominium and Apartment Loans
MHTB offers the Produce rental condominium and apartment loan product to customers who want to make more
effective use of their real estate. Produce, a dedicated loan
product for rental condos and apartments, offers loans of
up to ¥1 billion with a maximum repayment period of 35
years (for reinforced concrete construction) in the Tokyo
metropolitan area and the Kinki region. It also provides leasebusiness consulting services to help customers with their life
planning or inheritance arrangements for the future.

Services through Internet and Other Channels
To enhance customer convenience, Mizuho continues toimprove its services using the Internet.
As of the end of September 2013, about 10 million people signed up for MHBK's Mizuho Direct. In addition, thenumber of smartphone and tablet banking users has
exceeded 1 million. Also, many customers are making use of
the Mizuho Bank App, which has been downloaded approximately 350,000 times as of the end of September 2013.
To provide for an even more pleasant usage environment, MHBK is upgrading the various kinds of services it
offers for smartphones.

Membership Services and Improving Channels

Mizuho Mileage ClubOn February 9, 2014, changes have been made in the service content of the Mizuho Mileage Club. For example, members will be able to use convenience store ATM services
without paying fees four times a month and make transfers
to accounts in other financial institutions free of charge, amaximum of four times each month.
In addition to the current terms and conditions of transactions, as special services, customers who have investment
products and loan balances will be able to use member's
privileges.

Tell me! Ms. Mizuho Service
MHBK began to offer its Tell me! Ms. Mizuho within
the Mizuho Bank App in September 2013. This service allows customers to access answers to frequently
asked questions not only through inputting alphanumeric characters but also through voice inputs.
When customers with Android smartphone operating systems speak the content and key words theywant to access into their devices, a list of related
questions and answers will appear on their smartphone screens.

Branches and ATM Network
Mizuho is making efforts to expand its branch and ATM
network.
In order to provide further enhanced, comprehensive
financial services, Mizuho is establishing joint branches thatmake use of banking, trust, and securities functions.
Specifically, it has set up MHTB's Trust Lounges which specialize in consultations and MHSC's Planet Booths, which arelocated within the same buildings as MHBK branches.
In addition, it is also proactively installing ATMs at train

Promoting Business Aimed at Employees ofCorporate Customers
MHBK provides products and services for senior executives
and employees of Mizuho's corporate customers to meetthe various needs of each customer at each stage of his or
her life. These include opening accounts for receiving salary
when they start to work, offering information on asset
20

Business Approaches

Approaches to Individual Customers

formation, consultations on housing loans for new housepurchases, offering comprehensive proposals on postretirement life planning, and managing retirement allowances.

account of trends in laws and regulations, such as revisions
in inheritance tax matters and changes in legal requirements
for earthquake resistance and other matters as well as measures to assist customers in asset and business inheritance.

Meeting Customers' Asset Inheritance Needs

Japanese-Style Private Banking through“One MIZUHO”

Testamentary Trusts

High-net-worth customers, principally those among corporate owners, have a wide range of needs related to the business growth and expansion, stable management of individual assets, business and asset inheritance, and other mattersfrom the perspectives of both corporate management andindividuals. In particular, some of the most important issues
to be addressed are obtaining advice on business and asset
inheritance from management and individual perspectives
that takes account of the tax environment in Japan, which
differs from that in Europe and the United States.
Mizuho aims to be the long-term business partner of its
customers among high-net-worth individuals, from both the
management and individual perspectives, and respond to all
their needs related to inheritance of businesses and assets
by the next generations. To this end, Mizuho has created aprivate banking service structure based on collaboration
among banking, trust, and securities.
Mizuho Private Wealth Management (MHPW) offers
comprehensive private banking services, including nonfinancial services for extremely high-net-worth customers.
In addition, for high-net-worth individuals who own realestate, MHBK, MHTB, and MHSC hold joint seminars andwork to provide customers with the latest information related to real estate markets, changes in tax regulations, andother relevant matters.

MHTB provides assistance with asset inheritance using theknow-how it has built up over many years and the types ofservices that only trust banks can offer.
Its testamentary trust business offers three services: “consent to undertake the execution of wills service,” a comprehensive service for handling everything to do with wills,
from consultation for drafting to execution; “will safekeeping service” to hold wills in safe custody; and “inheritance
distribution service” to act as agent for heirs in executing
the procedures necessary when an inheritance arises. As ofthe end of September 2013, MHTB had signed trust agency
contracts for testamentary trust business with a total of 25
financial institutions, including MHBK and MHSC.
Also, MHTB offers its Monetary Asset Inheritance Trust,
named Yasuragi, which is a form of specified money trustthat enables customers to leave tailor-made instructions forthe distribution of their monetary assets. By combining thisproduct with the features of testamentary trusts which focus
on the distribution of customers' entire assets, MHTB meetsthe various needs of its customers concerning their inheritance of monetary assets.

Introduction of Educational Grant Trusts
Based on a system established by revisions in the tax
regulations in fiscal 2013, MHTB began to offer
Educational Grant Trusts, which enable grandparents
to entrust funds to pay for their grandchildren's education. If certain conditions are met, these funds are
not subject to taxation. This product is also offeredat MHBK as trust agencies.

Services for Customers with Real Estate
In cooperation with Mizuho Trust Realty, MHTB responds to
its customers' diverse needs, including trading in real estateand making more efficient use of idle land.
MHTB provides total support services for its customers'
real estate transactions. This includes information that takes
21

Business Approaches

Approaches to Corporate Customers

By integrating the group's specialty functions, Mizuho offersa full range of financial solutions on a global basis to meetits corporate customers' needs in fund-raising, and management and financial strategies.

global securities business strategies and providing solutions
that are suited to customers' capital management as well as
business and financial strategies.
In addition, RMs of MHBK and MHTB are working together
as one to meet the diverse customer needs for managementof their assets, streamlining their balance sheets and otherservices. This collaboration enables them to offer the optimal trust solutions to their customers based on an industryleading track record in real estate as well as know-how andexperience in the fields of pensions, securitization, securities
administration, transfer agency services, and consulting.

Approaches to Large Corporations

With the increasingly diversified, sophisticated, and globalized financial needs of large corporate customers, financial
institutions need to offer sophisticated, advanced and comprehensive solutions to their customers. Acting as relationship managers (RMs) for the entire group, Mizuho's RMs forlarge corporate customers accurately identify their customers' management issues and offer diversified solutions to
help them realize their growth strategies.

Industry Research
Changes in global industrial structures and diversification of
corporate strategies appear to be gaining momentum.
Against this background, Mizuho's Industry Research
Division acts as the research team, proposing global andcomprehensive solutions to customers on the basis of its
deep understanding of industry. Its activities focus on threeareas: (1) the “sector-specific analyst function,” which offers
wide-ranging information and analysis concerning industry;(2) the “sector-specific strategist function,” which works on
future business strategy proposals; and (3) the “corporate
finance function,” which supports the formulation of customers' financial and management strategies.

Banking, Trust, and Securities Collaboration
Staff members are concurrently working in some of thebusiness promotion divisions at both MHBK and MHSC, thus
promoting further collaboration within the group. MHBK
and MHSC collaborate at home and overseas in establishing

Invest in Medical Device Incubation FundMHBK and Innovation Network Corporation ofJapan jointly established MedVenture Partners anddecided to invest ¥6 billion in the MPI-1 Investment
Limited Partnership, an incubation fund operated by
MedVenture Partners. Through this investment, it isaiming to create a successful business model forthe commercialization of Japanese medical device
technology.
This fund invests in the development of the technology seeds held by Japanese universities, research
institutes, and SMEs, and in the medical device field,
acts as a bridge between these institutions and the
medical device manufacturers. Through these activities, the fund endeavors to create organic teamwork
among universities and research institutes, venturebusinesses, medical device manufacturers, development support corporations, investors, and otherinterested parties with the aim of creating a business“ecosystem” in Japan for the efficient developmentof new medical devices.
MHBK will provide risk money for medical device
development through the fund and contribute to
the nurturing of the medical device industry, a nextgeneration growth industry.

Cool JapanIn November 2013, the joint public/private CoolJapan Fund was established as one of the entities
for promoting the growth strategy of the Japanese
government (with initial capital of ¥37.5 billion).
Mizuho is not only supporting this “outbound”
strategy, which is aimed at introducing Japaneseculture to the rest of the world, but is also promoting“inbound” strategies, such as attracting tourists. It
believes that these initiatives contribute to Japan's
economic growth not only by capturing demand
from overseas but also by creating employment andrevitalizing regional areas. Accordingly, it has participated in these activities from the beginning as one of
the founding entities.
In addition to providing ¥500 million in risk capital to the Cool Japan Fund, Mizuho also draws on its
knowledge and insight into various industries, which
are its major strengths, to provide consulting services
and financial intermediary functions for companies
receiving support from the Cool Japan Fund. Specificprojects include the promotion of Japanese rice wine(sake) exports.

22

Business Approaches

Approaches to Corporate Customers

Approaches to SMEs and Middle-Market Corporations
Special Policy Financing of the Metropolisof Tokyo
Responding to Funding Needs

To assist SMEs in solving their increasingly complex
and diverse business issues and to support growth
sectors, in July 2013, MHBK began to handle financing under the Special Policy Financing scheme offeredby the metropolis of Tokyo (with guarantees provided
by Tokyo Guarantee, the Tokyo loan guarantee association), by drawing on its unique know-how.
Through provision of financing under this scheme,
MHBK offers support for SMEs that can utilize Tokyo
Guarantee services for the development of theiroverseas sales channels as well as start-up and development assistance for growth industries, including
healthcare and nursing care.

MHBK has set up the Growth Business Assistance Fundand Next Stage Fund to support the business growth ofcustomers.
MHBK also offers Mizuho Eco-assist, Mizuho Eco Private
Placement to respond to the funding needs of its customers
who adopt a positive approach to environmental issues.
In response to Japan's aging population and fallingbirthrate, MHBK provides Mizuho Heartful Loans andMizuho Heartful Private Placement to customers who areproactively involved in promoting employment among theelderly and the disabled.

Business Matching
Mizuho Business Financial Center
MHBK is proactively engaged in business matching services,
introducing customers of Mizuho who best satisfy the business needs of other customers.
During the first half of fiscal 2013, MHBK sponsoredBusiness Matching Forum Kansai, an event intended to facilitate negotiations among businesses in growth areas, including the environment, energy, and healthcare.

MHBK is proactively engaged in the lending business, andhas concentrated its overall lending operations for smallscale companies in Mizuho Business Financial Center, a subsidiary specializing in lending.

Approaches to Financial Institutions andPublic-Sector Entities

Support for Overseas Business Expansion
Specialist staff in Japan and overseas who are well versed inoverseas business provide the best possible information andservices according to the development stage of the businessin question—local feasibility study, overseas business strategy formulation, establishment of overseas subsidiary, postestablishment business management, and so on through utilizing Mizuho's Asian network, which is one of the mostextensive among any Japanese bank.

To meet the needs of customers among financial institutions, Mizuho offers optimal solutions such as advice on
financial strategies and risk management, assistance in customers' overseas business and proposals for investment
products. Responding to the needs of customers among
public-sector entities, Mizuho offers comprehensive financial
services, such as financing support including underwriting
public bonds, performing services as a designated financial
institution, and PFI/PPP. Moreover, in cooperation with otherfinancial institutions and the public sector, Mizuho has
established the Sixth Industry Fund for the Agriculture,
Forestry, and Fishing Sectors, and also in cooperation withother public-sector and private-sector funds, is working toprovide risk capital for growth industries.

IPO Support
MHBK responds to the needs of customers planning IPOs byproviding services in collaboration with other group companies: MHSC provides broadly based support as a securities
company; Mizuho Capital serves as a venture capital investor
and gives advice on going public; and MHTB offers advisoryand stock transfer agency services.

23

Business Approaches

Approaches to Corporate Customers

resource development abroad, the building of electric power
generation projects in Japan and overseas, and the construction of public infrastructure. In Japan, MHBK is working in a
broad range of related areas. These include its initiatives tostrengthen its support framework for promoting the wider
use of renewable energy, such as the establishment of theMizuho Mega-solar Fund. Project finance activities in Japan
also encompass the arrangement of PFI/PPP deals for financing transportation and other types of public infrastructure.

Investment and Participation in the
Agency for the Promotion of Private
Finance Initiatives and Other Activities for
Promoting Use of Private-Sector Resources
To support the establishment of objectives of joint
public/private-sector infrastructure funds that provide
capital and funding for PFI*1 and other projects,
MHBK invested in organizations that promote theuse of private-sector funds and other resources.
Mizuho offers its diversity of financing knowhow, including knowledge of industries andpublic/private-sector financing schemes, through its
Public Infrastructure PPP* 2 Task Force, which isformed at MHBK, and through collaboration with
Mizuho group companies. Mizuho's support also
includes actively performing financial intermediaryfunctions and providing consulting services.

Asset Finance (ABL Arrangement Operations etc.)
By arranging customers' asset securitization and providing
other solutions, MHBK satisfies their demands such as diversification of fund-raising sources and improvement of financial indices through removing assets from their balance
sheets. MHBK supports customers' financial strategies byoffering sophisticated solutions focusing on a variety ofassets, such as securitizations arranged in both domestic andoverseas markets, inventory finance, ABL, whole businesssecuritization and settlement services using electronicallyrecorded monetary claims.

*1. PFI (Private Finance Initiative): PFI projects are public-sector
undertakings for which the construction, maintenance, andoperational functions as well as financing, management,
and technology are provided by the private sector.
*2. PPP (Private-Public Partnerships): The PPP concept encompasses a broad range of arrangements in which the private
sector participates in offering public services. These arrangements draw on private-sector funding and know-how withthe objectives of improving efficiency and improving service
quality.

Real Estate Finance
MHBK has arranged financing for a number of real estaterelated projects. Taking full advantage of its knowledge
and skills developed through various kinds of deals it hasarranged for years, it effectively offers the best solutions,
including a variety of financing options utilizing real estate
and real estate investment strategies, to solve its customers'
issues, such as business restructuring, overseas expansion,
reinforcement of their financial base, BCP, diversification offund-raising, rebuilding/redevelopment/other effective useof their real estate, and CRE management.

Products Meeting Various Needs

Acquisition FinanceIn order to increase the corporate value of its customers,
MHBK offers sophisticated M&A solutions. In recent years, it
has been focusing on supporting its customers' M&A strategies by strengthening cooperation among group offices andcompanies at home and overseas to respond to a growing
need for cross-border M&A, business succession, and going
private. Furthermore, MHBK arranges leveraged finance, in
the areas of MBOs and LBOs, for private equity funds' buyout deals and for those relating to customers' businessrestructuring.

Syndication Business
MHBK is proactively engaged in the use of syndicated loansthat employ wide and various sorts of financing, such as corporate finance, cross-border finance, acquisition finance(M&A, LBO, etc.), project finance, real estate finance, andfinance for business restructuring.
MHBK has a global platform for its syndicated loan business (together with its overseas offices) to satisfy the diverse
financing needs of global companies and international institutions located in Asia, Europe, and the Americas. As a result,the group has maintained the top position for nine consecutive half-year periods, with a 37.7% share in Japan in theleague table for the first half of fiscal 2013. The group also
took sixth place in the global league table.

Project Finance
MHBK is a top global player in the arrangement of, and performance of advisory services for, project finance deals thatenable the procurement of long-term capital for natural24

Business Approaches

Approaches to Corporate Customers

overseas accounts receivable, trade finance using letters ofcredit and ECA (export credit agencies) finance.

Trends in Japan's Syndicated Loan Market andMizuho's Share
Mizuho's Share(first half offiscal 2013)

Yen Settlement and Custody Services
37.7%(Trillions of ¥)Mizuho offers various cash and securities clearing & settlement services, including correspondent yen settlement services and custody services for non-residents. To prepare fordisasters and other contingencies, Mizuho maintains a dualoffice system. In addition, in the area of custody operations,
it has acquired a business model patent for managing
investment assets.
Furthermore, TCSB, a trust bank specializing in asset
administration, provides high-quality, high-value-added
trust and custody services by collaborating with other groupcompanies.

35
30
25
20
15

0

Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
(first half)[Trends in Japan's Syndicated Loan Market]
Sources: “Loans Syndicated and Loans Transferred” from Japanese Bankers Association[Share of Japan's Syndicated Loans (first half of fiscal 2013, bookrunner basis)]
Source: Thomson Reuters

Primary Market Business
Underwriting Business
MHSC maintains its sector-leading performance in the area ofbond underwriting operations through its ability to propose
solutions that suit the market environment and match issuers'
needs, its ability to set prices to reflect investor demand with
precision, and its powerful bond sales capabilities.
In the equities underwriting business, it draws on its superior stock underwriting know-how and its enormous equity
selling power in Japan and overseas to achieve sector-leading
performance by serving as lead underwriter in a steadily
increasing number of large finance deals. Its activities also
include providing support for stock exchange listings of customers planning to list their stocks.

Private Placement Bond
To meet the diverse funding needs of customers, MHBK isproviding support in the form of long-term, stable capitalthrough the issuance of bonds in the private-placement
markets.

Domestic Settlement Service
Through its nation-wide branch network and Internet banking services including the Mizuho e-Business Site, Mizuho
offers not only services such as transfers, foreign exchange
and electronically recorded monetary claims but a variety ofsettlement services relating to payments and collections suchas debit cards, Pay-easy, Internet transfer settlements, etc.

M&A Advisory Services
In its M&A advisory services, MHSC draws on its advanced
sectoral knowledge and know-how to provide support forcustomers to realize management strategies. It has compiled
a top-class performance record not only in arranging M&A
deals between domestic companies but also in offering advisory services with a global perspective for cross-border M&A
deals, which have been on the rise in recent years.

Cash Management Service
Mizuho responds to customers' needs on a global basis byoffering sophisticated cash management services. In Japan,
these include zero balancing services and integrated payment services, often in combination with Mizuho Advanced
CMS. It also offers Mizuho Global CMS and the Mizuho
Global Cash Pooling Service abroad.

Asset Finance, Real Estate (Securitization Operationsetc.)
In the structured finance area, such as securitization of realestate and monetary claims, MHSC has become a frontrunner in the Japanese securitization market and built up afirst-class performance record and reputation.

Foreign Exchange and Trade Services
In addition to offering cross-border settlement services for
RMB and various emerging currencies, hedges against foreignexchange risk and issuing bonds for foreign trade, Mizuho
provides cutting-edge solutions including securitization of25

Business Approaches

Approaches to Corporate Customers

In its real estate securitization business, in addition to realestate trust business, MHTB is actively engaged in asset management business, real estate non-recourse lending andtrustee business in the area of J-REIT asset custody andaccounting, and thus responds to its customers' various needs.

Domestic Public-offering Bonds League Table*Underwriting amount basis, including straight bonds, investment
corporation bonds, Zaito institution bonds, municipal bonds (leadmanager method only), samurai bonds and preferred securities.
(April to September 2013, pricing date basis)Amount Share(billions of ¥)(%)
Nomura Securities
1,691.4 19.8
Mitsubishi UFJ Morgan Stanley Securities 1,499.2 17.5
Mizuho Securities
1,462.0 17.1

Rank Company name1
2
3

Real Estate Business Income
First half

Source: Calculated by MHSC, based on data from I-N Information Systems

Second half

(Billions of ¥)25
20

Total Domestic Equity League Table*Underwriting amount basis, including initial public offerings, public
offerings, convertible bonds and REITs.
(April to September 2013, pricing date basis)

15
10

Amount Share(billions of ¥)(%)
Nomura Securities
466.9 36.2
SMBC Nikko Securities
215.0 16.7
Mitsubishi UFJ Morgan Stanley Securities
150.9 11.7
Daiwa Securities
143.5 11.1
Mizuho Securities
115.9
9.0

Rank Company name
1
2
3
4
5

5
0

March 2012

March 2013

September 2013

Source: Calculated by MHSC, based on data from I-N Information Systems

M&A Advisory Ranking

Trust Arrangements for Solar Power Projects*Based on No. of deals Japanese companies were involved in (excl.
real estate deals).
(April to September 2013)

MHTB became the first Japanese trust bank to begin
to offer trust arrangements for solar power projects.
The first deal was concluded in May 2013, with thesigning of a contract for establishing a special-purpose
company in which other companies can invest.
Through offering these trust arrangements, MHTB
will provide asset administration services to customers who want to participate in the developmentof the alternative energy businesses, and consider
contributing to the diversification of customers'
investment opportunities through the issuance ofbeneficiary certificates in these trusts going forward.

Rank Advisor
12
3

Mizuho Financial Group
Sumitomo Mitsui Financial Group
Nomura Securities

No. ofAmountdeals (billions of ¥)
70
722.6
50
849.7
45 1,267.0

Source: Calculated by MHSC, based on data from Thomson Reuters

Overall ABS Bookrunner League Table*Transaction amount basis.
(April to September 2013, closing date basis)

Rank Company name1
2
3

Mizuho Financial GroupMorgan Stanley
Sumitomo Mitsui Financial GroupNo. ofAmountdeals (billions of ¥)
95
598.2
6
189.1
3
173.4

Stock Transfer Agency Business

Source: Calculated by MHSC, based on data from Thomson Reuters

The stock transfer agency business involves handling various
operations associated with stocks on behalf of the stock
issuer. As a shareholder registry manager, MHTB manages
shareholder registers, calculates dividends, mails notices
convening general meetings of shareholders, and counts
voting rights. It also offers support and consulting on IR
using shareholder analysis systems and by collaborating withthe group's IR consulting company. In addition, services for
dividend payments on stocks after the close of the payment
period are available at MHBK, and Mizuho endeavors to
improve shareholder convenience on a group-wide basis.

Real Estate BusinessIn its real estate business, MHTB helps to resolve customers'
needs and issues quickly and effectively in the areas offinancial strategies, business inheritance/succession and therearrangement and effective use of asset portfolios throughthe comprehensive consulting services that only a trust bankcan offer and by providing wide-ranging services and solutions, such as real estate brokerage, real estate securitization, appraisals and land trusts.
26

Business Approaches

Approaches to Corporate Customers

Asset Finance (Securitization of Monetary andOther Claims Utilizing Trusts)
In its services for securitizing monetary and other claims,
MHTB provides financial intermediary functions unique totrust banks. MHTB's wide spectrum of functions range fromsecuritization of monetary claims of its corporate customers
to the arrangement of investment products for individuals
based on its trust management know-how. In response tocustomer needs for fund-raising, it is developing new trustbased products and, for example, offers intellectual property
trust schemes using copyrights and trademarks as well as
security trusts for the administration of collateral rights forsyndicated and other loans.
It also provides a diverse range of solutions, including
Noteless, a lump-sum accounts payable trust scheme and eNoteless, which is a new settlement scheme using electronically recorded monetary claims.

Asset Custody Business
MHTB provides highly specialized services in the area ofasset custody and is engaged in complicated, high-volume
custodial services covering specified money trusts (tokkinfunds), pecuniary trusts other than money trusts, andentrustment of securities trusts and investment trusts.

Global Custody Business
To meet the growing needs of its customers for global
investment related services, MHTB has established a networkwith TCSB, and with its own overseas subsidiaries, Mizuho
Trust & Banking (USA) and Mizuho Trust & Banking(Luxembourg), to offer global custody services (for administration of overseas securities) to the global market. In thisglobal custodian business, MHTB offers in-depth services, asa Japan-based custodian, that are tailored to customer
requirements and backed by the extensive experience of its
staff who have specialized know-how in the tax and legal
regulations of various countries. MHTB also offers otherhigh-value-added services, including securities lending aswell as foreign exchange and money market transactions.
In addition, Mizuho Trust & Banking (USA) and Mizuho
Trust & Banking (Luxembourg) provide asset administration
services for foreign-based investment trusts and are responding to sophisticated fund administration needs of asset
management companies.

27

Business Approaches

Global Business

Mizuho offers optimal solutions for the various needs of its
customers by seamlessly combining its rich experience inoverseas markets with its extensive overseas group networkand cutting-edge financial services in the fields of banking,trust, and securities. To further strengthen overseas support
frameworks for its customers, Mizuho also engages proactively in expanding its office network and forming businessalliances with local financial institutions and governmentaffiliated organizations.

in local currencies to Japanese companies after they enter
Asian markets, MHBK has concluded agreements with major
local financial institutions, including memorandums of understanding with Cambodia's largest local banks, Maybank(Cambodia) and Canadia Bank in September 2013.

Expanding the Office Network in India
Following the Mumbai Branch and the New Delhi
Branch, MHBK opened a branch in Bangalore in thesouth of India in April 2013, becoming the firstJapanese bank to begin branch operations in thearea. In November 2013, MHBK also opened abranch in Chennai, which is the largest city in thesouthern region of India. Both Japanese and foreigncompanies are entering Bangalore, which is sometimes referred to as the Silicon Valley of India due tobeing home to India's world-class IT and electronics
sectors, and also Chennai, which has major ports
and boasts a well-developed automobile industry.
Mizuho will further expand its office network in
India, where economic growth continues, and provide support for customers entering and expanding
their businesses there.

Asia and Oceania Region

Mizuho positions Asia as an extremely important region andis enhancing its support framework for customers there dueto the excellent prospects for ongoing economic growth.
To offer services in close proximity to its customers,
Mizuho is expanding its network of offices in countries
where Japanese companies have concentrated their operations to date, such as ASEAN countries, India, and China,
and also in areas where Japanese companies are expected toestablish new operations going forward. These offices offer
not only loan financing but also a range of other services,
including advisory and cash management services, to precisely meet the needs of Mizuho customers. In addition, for
non-Japanese companies based in countries such as Europe
and the United States that are entering Asian markets,
Mizuho is enhancing its support services based on the advisory expertise that it has accumulated to date as well as its
settlement and other services. Further, Mizuho is working toprovide business development support for the international
development of global multinational companies based in
Asia by coordinating the activities and services of both
Mizuho branches and other offices around the world.
Specifically, MHBK expanded its office network in fiscal
year 2013 by opening the Bangalore-Devanahalli Branch and
Chennai Branch in India and a representative office inPhnom Penh in Cambodia. Mizuho Bank (China), MHBK's
subsidiary in China, also opened a branch in Hefei.
MHBK is forming alliances with local financial institutions
and government-affiliated organizations in various countries
to establish structures to meet the diverse needs of its customers through provision of information, support for market
entrance, and provision of financial services locally. Examplesof MHBK building alliances with government-affiliatedorganizations with the objective of supporting the expansionof Japanese companies include the signing of a memorandum of understanding for business cooperation with the Lao
Ministry of Planning and Investment in the Lao People's
Democratic Republic in July 2013. To offer financial services

Opening Ceremony for the Chennai Branch

New Delhi Branch

Mumbai Branch
Chennai Branch(November 2013)
Bangalore-Devanahalli
Branch (April 2013)
MHBK Branches in India

28

Business Approaches

Global Business

Office, which is located in a region that is home to manyenergy-related corporations, including those in the shale
gas and oil sectors.

The Americas

In the Americas, Mizuho provides services to customers inNorth America, which has a dominant economic scale and is
expected to experience relatively stable growth supported byshale gas resources and other factors, and to customers inCentral and South America, where further economic development is forecast in the future. Mizuho offers financial
services with high added-value to its broad customer base,which includes Fortune 1000® companies, financial institutions, and public organizations, in the fields of corporate
finance, such as project finance and syndicated loans, andalso investment banking. Various entities within the Mizuho
group cooperate to provide a range of services to meet
diverse customer needs. For example, in the case of financing
for M&A deals, MHBK provides loans and Mizuho Securities
USA offers underwriting services for bond issuance. In theseand other ways, such as through offering of proposals forfinancial solutions that make optimal use of the Mizuho
group network, Mizuho is achieving strong performance in
the Americas.
MHBK is also expanding its office network with a focus onregions that are expected to experience economic growth.
In Brazil, where continuing economic growth is expected on
the back of rich natural resources, Banco Mizuho do Brasilcommenced business operations in July 2013. In October
2013, MHBK opened its third offices in Canada, the Calgary

Europe, the Middle East and Africa

Mizuho provides a wide range of financial services to meetthe diverse needs of its customers in Europe and also inother regions where high growth is expected such as Russia,
the Middle East, and Africa. MHBK and Mizuho International,
MHSC's subsidiary in the UK, collaborate closely to provide
investment banking services such as capital market transactions and M&A advisory.
To support European multinational corporations in thedevelopment of their operations in Asia, Mizuho is also
drawing on the cross-border teamwork of its global andgroup networks to provide a wide range of services. This
includes foreign exchange and settlement services in Asian
local currencies, support for IPOs in Asian capital markets,and support systems that involve cross-regional teamwork.

Initiatives in South Africa and the Sub-SaharanRegionThe Republic of South Africa is drawing increasing
attention among Japanese, European, US, Chinese,
Korean, and other corporations as a foothold forentry into the markets of the Sub-Saharan region.
MHBK has concluded a business cooperation agreement with the Standard Bank of South Africa, whichis the largest bank in the Republic of South Africa,
aimed at providing financial services to Japanesecompanies operating in Africa. It has also concluded
a business cooperation agreement with the South
African Department of Trade and Industry, aimed atstrengthening assistance for Japanese companies
entering the South African market. Further, Mizuho
opened a representative office in Johannesburg inDecember 2013, which is the first office for Mizuho
on the African Continent. In these and other ways,
Mizuho is providing support for the business development of its customers in Africa.

Opening of Banco Mizuho do Brasil
Brazil is one of the biggest world powers in natural
resources, and it has strong potential for economic
development with a population of over 200 million
and a vast land area that is approximately 23 times
larger than Japan. In July 2013, the former Banco
WestLB do Brazil, a subsidiary of the former Germanbank WestLB (currently Portigon), became a subsidiary of MHBK and commenced operations as
Banco Mizuho do Brasil. This has enabled Mizuho toprovide customers with a broad range of financial
services including foreign exchange and Brazilian
Real-denominated loans and deposits.
To strengthen local support structures for customers around the world, Mizuho is considering andimplementing measures to strategically strengthen its
functions and network through business alliancesand capital relationships, including investments andacquisitions.

29

Business Approaches

Global Business

Memorandum of Understanding for Business
Cooperation with Gulf Investment Corporation
In August 2013, MHBK concluded a memorandumof understanding for business cooperation with the
Kuwait-based Gulf Investment Corporation, which isan investment corporation that was establishedthrough equal investments by the governments ofthe six member states of the Cooperation Council for
the Arab States of the Gulf (GCC). The memorandum is part of efforts to promote the transition of
the agriculture, forestry, and fishery industries into
growth industries, and it aims to promote import offood and agricultural products made in Japan and totransfer Japanese agricultural technology.
Taking advantage of its knowledge of industry
and diverse financial expertise, including publicprivate partnership schemes, MHBK will use thismemorandum of understanding to connect Japan
with GCC countries, and encourage the agriculture,
forestry, and fishery industries to transition into
growth and export industries, which is one of thestrategies within the Japanese government's growthstrategy. Also from the perspective of industry development, Mizuho will continue to proactively support
its customers in entering overseas markets andexpanding their business activities.

30

Business Approaches

Asset Management Business

By leveraging its advantages as a comprehensive financialgroup and making the most of the synergies between planning, development and sales in the asset management related business through seamless management, Mizuho provides
products and services that match the needs of its wide rangeof customers from individuals to institutional investors.

J-ESOPs
In the area of J-ESOPs (Japanese-style employee stock
ownership plans; a new employee welfare service thatuses treasury stocks), MHTB's product lineup includes
disposition-type ESOPs and retirement benefits. In orderto strive to meet the diverse needs of its customers, it
has also added the Board Benefit Trust, which is acompensation plan for senior executives in Japan.

Pension-related Business

Mizuho offers services and product packages needed forcorporate pension schemes, which range from corporate
pension plan design and the management of pension policyholders and recipients to asset management and custody.
Furthermore, to respond to the ever more diverse andsophisticated management needs of its customers, it integrates its functions across the group to offer services such as
investment solutions and review of pension schemes.

Asset Management Business

Mizuho takes account of the initiatives on asset management of its customers who are considering such factors aschanges in regulatory and other systems, the conversion tointernational accounting standards, and major fluctuationsin the market environment and financial aspects. Based onthese considerations, it draws on the comprehensive capabilities of the group, and through analyses and assessmentsof customers' total portfolios, it offers services catering totheir needs, including advice pertaining to basic asset allocation and combinations of investment strategies. These services are offered not only to pension funds but also to customers among financial and educational institutions as well.
Furthermore, it offers funds with various investment
strategies to a wide range of customers, from public institutions that handle pension management to corporate pension funds. It also offers products using various new investment targets and methods, including hedge funds, privately
laced real estate investment funds, concentrated investment
funds and package products that flexibly allocate assets
based on analysis and forecasts of the macroeconomic andcapital market environments. In addition, it makes the funds
offered by external investment institutions in Japan and overseas available to customers, but makes sure they are subjected to thoroughgoing due diligence and rigorous monitoring.

Defined Contribution Pension Schemes
As sweeping reviews of corporate pension schemes move
forward, there is growing interest in introducing and managing defined contribution pension schemes among companies of all sizes. Mizuho has the top performance record inJapan in terms of defined contribution pension plans
entrusted to it for asset management and administration. In
addition, it provides support for the introduction of defined
contribution pension schemes as well as asset management
services that are the first in the business world to acquire
ISO9001 certification, and trust products.

Number of Defined Benefit Contribution Pension
Plans Entrusted to Mizuho for Asset Management
and Administration(Thousands of people)
850
800
750
700
650

0

Revitalizing ¥1,500 Trillion in Domestic Assets
March 2011

March 2012

March 2013

Mizuho has looked to the future of the asset managementbusiness in Japan 10 years from now and formed a project
team to revitalize the management of Japan's ¥1,500 trillion in domestic monetary assets. In view of the national
interest and it's social mission as a financial institution, it has
prepared long-term business plans to deal with various
31

Business Approaches

Asset Management Businessissues, including promoting the shift from “savings deposits
to long-term investments,” principally among worker households, and considering the frameworks for transferring theassets of the elderly. Looking 10 years forward, the team isworking to create an environment that will be suited tolong-term investing. Specifically, this includes providing an
in-depth response in view of changes in the social environment, making proposals for policies related to the tax systemand the financial system, enhancing the service channels offinancial institutions, and providing related consulting services and financial products as well as other related matters.

NISA Initiatives among Asset Management
Companies
In anticipation of the introduction of NISA (Nippon
Investment Savings Accounts) in January 2014,
Mizuho has readied multi-asset investment productsthat draw on its management know-how. MHAM
now offers the Australia Bond Fund (providing annual
settlements and distributions) and the J-REIT Index(with annual settlements and distributions). Similarly,
DIAM has introduced “Investment Sommelier” and“Cruise Control,” and Shinko Asset Management will
introduce “Global Navigation,” a product advised by
MHTB.

The Possibilities for Financial Institutions to Make
Contributions to Revitalizing Domestic Financial
Assets from the Perspective of the Flow of Funds

Cooperation with Asset Management
Company BlackRockII

The elderly
The wealthy

Deposittaking
financial
institutions

I¥1,500
trillion
Insuranceandpensions¥400
trillion

Insuranceandpensions

Investment
trusts, stocks
and bonds¥200 trillion

Investment
trusts andsecurities

Overseas

Individual
financialassetsMizuho has promoted strategic cooperation withBlackRock, an asset management company and business alliance partner. This cooperation has achieved
steady results in development and sales of investment products to individuals, pension funds andinstitutional investors as well as improvement in efficiency of asset management infrastructure. To
improve the efficiency of the asset management
infrastructure, it is promoting the implementation of“Aladdin,” BlackRock's business assistance system, asa common infrastructure for use by MHTB, MHAM,
and Shinko Asset Management. By utilizing Mizuho's
advantages and BlackRock's global strengths in asset
management and risk analysis, it will respond precisely and quickly to the needs of its customers.

Global Alternative Investment BusinessGovernment

Depositaccounts¥800
trillion

Companies

I Measures to meet demand for growth funding by re-routing
individual financial assets that are inactive in the deposit
accounts of average savers into direct financing through investments in stocks and bonds.
II Measures in particular to redirect funds that have accumulated
in accounts of the elderly and wealthy.
III Measures for promoting the asset management methods ofpension funds and other institutional investors to encourage
diversification of investments into long-term risk assets.

III

Alternative investment products are known as assets (asset
classes) having relatively low correlation with traditional
investment assets such as stocks and bonds. To respond accurately to the wide range of needs of institutional investors,
who require greater diversity and dispersal among assets,Mizuho provides optimal products and services in collaboration with group companies: Tokyo asset management company Mizuho Global Alternative Investments, which selects andprovides products such as global high grade hedge funds;
U.S. subsidiary Mizuho Alternative Investments, which is incharge of investing funds; and Eurekahedge, a subsidiary in
Singapore that offers hedge fund research and information.

Initiatives of Asset Management Companies

The asset management companies MHAM and DIAM constantly pursue optimal investment results in both the investment trust and the investment advisory businesses as they
strive to respond accurately to customers' increasingly
diverse and sophisticated asset management needs. They
have earned an excellent reputation among evaluation institutions for their highly specialized management and original
products and have been awarded with various awards.
32

Business Approaches

Market Business

Mizuho offers products and services to meet the diverse
needs of its customers and support their global business by
integrating its banking, trust, and securities functions andseamlessly promoting its market business.

In order to respond to the sophisticated needs of global
institutional investors, MHSC has been expanding its market
presence domestically and globally by reinforcing its execution capabilities and offering a variety of high-value-added
products.
Mizuho also attempts to leverage its overseas network
for the integrated development of domestic and overseas
business.

MHBK's Market BusinessIn the sales and trading business, Mizuho offers optimal
financial solutions that use cutting-edge financial technologies to satisfy customers' increasingly diverse and sophisticated global financial and business risk control needs.
It has expanded its product lineup from basic areas suchas interest rates and foreign exchange to oil, metals, andother commodity derivatives, and local currency transactions. In the fields of Asian and emerging currencies in particular, in response to increasingly sophisticated needs of its
customers for more efficient hedges and management ofmarket risk, Mizuho is drawing on collaboration among specialist teams who are well versed in the regulations and markets in various countries and its global network of offices todevelop financial product schemes that take advantage ofthe characteristics of individual markets in Japan and overseas with the aim of providing support for the overseas
expansion of its customers.
Through its tie-up with Mizuho-DL Financial Technology,
which is a group company specializing in the developmentof financial technology, Mizuho developed “dynamic foreignexchange hedging”—a statistical/probabilistic exchange risk
hedging method that eliminates market views and arbitrariness. Many customers, with a focus on large corporations,have made use of “dynamic foreign exchange hedging.”

Research

Regarding fixed income research, MHSC has one of theleading professional groups in Japan which provides outlooks for economic and interest rate trends in Japan andoverseas, credit analyses of securities-issuing companies,
assessments of the impact of monetary policies in Japan andoverseas, and proposals for fixed income investment strategies. Furthermore, MHSC works closely with overseas economists within its subsidiaries to provide information globallyby publishing global macro-level reports, etc.
In its equity research, it has strengthened its researchframework on a Pan-Asia basis, including Japan, based on
the needs of institutional investors in Japan and overseas.
Reseachers including top class investment strategists andsector analysts respond to a wide range of research needs
through industry trend research, equity investment strategy
reports, quantitative analysis, evaluation of individual companies, etc.

Mizuho Investment Conference
Every year since fiscal 2007, MHSC has held the Mizuho
Investment Conference, a seminar for Japanese andoverseas institutional investors where one-on-one
meetings and workshops are held by companies andinvestors. With the market being active, the 7th annual conference held in fiscal 2013 from September
9th to 12th had a record number of participants
with approximately 1,900 investors in attendancefrom Japan and overseas, representing about 400
companies. A total of 4,800 people also attended
the workshops including lectures held by the minister, during the four days.
MHSC is improving its equity sales capability byproviding high-value-added services to global institutional investors, through strengthening its Pan-Asia
equity research framework, as well as throughenhancing IR arranging functions.

MHSC's Market Business

MHSC runs fixed income and equities sales and trading
globally. It focuses on customer-oriented sales and tradingbusiness and tailored solutions business in order to meet theneeds of its customers.
As a market leader in the fixed income business, MHSC
provides products and services that suit its customers' investment strategies, engages proactively in market making andoffers high-quality information.
In the equities business, MHSC appropriately meets thesophisticated needs of its customers by strengthening its
Pan-Asia basis research platform, enhancing IR services fordomestic and overseas investors, and improving its electronic trading capability.
33

Initiatives to Support the Recovery from the Great East Japan Earthquake

Mizuho continues to offer its combined group strengths toassist in rebuilding the lives of people afflicted by the Great
East Japan Earthquake and reviving the industries andeconomies that have suffered as a result of the earthquake,as well as support the recovery of disaster-stricken areas, bysetting up the Tohoku Fukko Desk (Tohoku reconstructiondesk), an organization specialized in promotion of these
initiatives.

fund has the objective of providing support for producers
and companies involved in promoting the sixth industry
approach to revitalize agriculture, forestry, and fishingindustries. Also, it invested in two additional sub-funds, theFukushima Regional Sixth Industry Recovery Fund and the
Tohoku Future Assistance Fund.
Mizuho is, therefore, promoting the growth of the agricultural, forestry, and fishing industries by supplying risk
capital and thereby working to increase value through theirtransformation into a “sixth industrial sector.”

Support for Housing Reconstruction

Support for Disaster-stricken Areas as Part ofSocial Contribution Activities

MHBK offers Disaster Recovery Loans for Great East Japan
Earthquake victims with a view to being useful to the recovery efforts of individual customers who were hit by theearthquake disaster. In addition, it supports the reconstruction of homes in the disaster-stricken areas through initiatives such as providing funds for land readjustment projects
aimed at supplying housing in these areas.

Mizuho has started the Mizuho Forest Project, aimed atreviving the disaster-prevention forest planted along thecoast of Fukushima Prefecture, which were severely affected by the tsunami. In April 2013, it signed an agreementwith Fukushima Prefecture, Iwaki City and the owners ofthe disaster-prevention forest to start the planting of treesby Mizuho employee volunteers in fall of 2014, and torestore the approximately two-hectare forest of Iwaki City,
Fukushima Prefecture by March 2019. In October 2013, it
seconded volunteers from among its employees to engage
in activities such as cleaning up park areas in the vicinity ofareas designated as afforestation lands. Employees seconded
to the region are working to provide disaster recovery assistance aimed at beginning afforestation activities.
Employees of Mizuho have been participating in volunteer activities since the summer of 2011, removing debris
from farmland. In addition, it held product fairs for employees to exhibit and sell products from disaster-stricken areas a
total of nine times in fiscal 2012, and had held such fairs six
times in fiscal 2013 as of November. Since May 2012, it has
also supported sales of Fukushima Prefecture's local products and its tourism industry through participation in the
Fukushima–Tokyo Campaign, started by the Tokyo metropolitan government as part of efforts to support the recovery of Fukushima.
Furthermore, magazines published by Miyagi and
Fukushima prefectures for people affected by the disaster
have been placed in lobbies of MHBK's branches since
October 2012, with the aim of providing information to victims that have been evacuated outside these prefectures.

Support for Reviving Corporations and Industries
In order to help the disaster reconstruction efforts of corporate customers who have suffered damage from the disaster, MHBK and MHTB are facilitating financing by offering
Disaster Relief Support Funding and various policy loans provided by public institutions. They also set up the Business
Reconstruction Assistance Fund, to support the recovery
from the disaster.

Creating Employment
Mizuho is supplying funds for capital investments that willlead to the creation of jobs in the disaster-stricken areas bydrawing on the system established by Japan's Reconstruction
Agency for providing interest rate supplements in Special
Zones for Reconstruction. It also established the Mizuho
Tohoku Industry Development Fund to provide equity-related
capital, with the aim of contributing to the recovery andmedium- to long-term growth of the Tohoku region.
Through this fund, it provides capital in such forms as shareacquisitions and underwriting of subordinated bonds. In
January 2012, it provided ¥1 billion from this fund for
replacement of facilities to Joban Kosan which operates
the Spa Resort Hawaiians hot springs park in Iwaki City,
Fukushima Prefecture. In September 2013, this ¥1 billion
had been fully repaid, and completion of the recovery plans
has begun to come into view. In addition, these activities are
assisting in the recovery of the tourism industry in Iwaki Cityand employment creation.
Mizuho has also established the ¥10 billion Sixth Industry
Fund for the Agriculture, Forestry, and Fishing Sector. This
34

CSR Initiatives

Social Contribution Activities

Mizuho, recognizing CSR initiatives as helping to contribute to the sustainable development of society and provide the platform for creating and advancing corporate
value, has positioned CSR initiatives as a pillar of its corporate conduct.
In this section, we will introduce the details of our activities for “environmental initiatives” and “support for financial education.”• For information on Mizuho's overall CSR initiatives, pleaserefer to MHFG's website.
http://www.mizuho-fg.co.jp/english/csr/index.html

Mizuho wants to contribute to local communities, which it
believes are the basis for existence, in order to fulfill the roles
expected for a good corporate citizen. To do so, Mizuho asa group partners with local government bodies and NPOs toserve local communities. As part of these activities, every
year since 2006, Mizuho has held its Mizuho Volunteer Day,a community volunteer event involving employees aroundthe world that takes place at various domestic and overseas
locations. In 2013, volunteer activities were held by around75 offices between August 19 and November 30. These
involved participating in a range of community-based activities, including cleaning up and caring for the garden areas
around Mizuho branches, participating as volunteers inevents held by government bodies, and conducting activities
at homes for the elderly.

Environment Initiatives
Mizuho endeavors to reduce the environmental burden it
generates through its own business activities, and to reduce
the environmental impact of society as a whole through thefinancial products and services it offers.
MHBK supports customers that practice environmentallyconscious management through providing environmentallyconscious financial products. In addition, it is proactively
engaged in financings for renewable energy businesses,
including solar power and wind power, and along withactively participating in environmental city projects overseas,
it supports infrastructure projects and is engaged in otherrelated activities.

An activity taken place on Mizuho Volunteer Day

Support for Financial Education•

Lectures and Courses for Universities
Mizuho dispatches officers with ample hands-on expertise togive lectures on cutting-edge financial practices and othertopics. Lectures are held at Kyoto University, Keio University,
the University of Tokyo, Hitotsubashi University, and Waseda
University.
Practical Financial Education at Elementary, JuniorHigh and High Schools
Mizuho has been conducting a joint research on financial
education with Tokyo Gakugei University since April 2006,
and Mizuho employees participate in lessons that make useof the results of the joint research.
Children's Summer School
Based on the results of the above activities, Mizuho has
been sponsoring the Children's Summer School since 2011
with the intent of supporting financial education and contributing to local communities. In fiscal 2013, MHBK, MHTB,
and MHSC offered the Children's Summer School at 32
branches of MHBK during August. A total of 434 elementary school children participated and learned about moneyand finance through banking quiz games, experiencing
workplaces, etc.

•

•

35

Location of Overseas Offices(As of December 31, 2013)

Network of Mizuho Bank

Asia and Oceania(Country/Region)
China

Mizuho Bank (China), Ltd.
23rd Floor, Shanghai World Financial Center,
100 Century Avenue, Pudong New Area,
Shanghai 200120,
The People's Republic of China
TEL 86-21-3855-8888

Mizuho Bank (China), Ltd.
Beijing Branch
8th Floor, West Wing, World Financial Center,No.1 Dong San Huan Zhong Road,
Chaoyang District, Beijing 100020,
The People's Republic of China
TEL 86-10-6525-1888

Mizuho Bank (China), Ltd.
Dalian Branch
6th Floor, Senmao Building, Zhongshan Road 147,
Xigang District, Dalian, Liaoning Province 116011,
The People's Republic of China
TEL 86-411-8360-2543

Mizuho Bank (China), Ltd.
Guangzhou Branch
25th Floor, International Finance Place, No.8
Huaxia Road, Zhujiang New Town,
Tianhe District, Guangzhou,
Guangdong Province 510623,
The People's Republic of China
TEL 86-20-3815-0888

Mizuho Bank (China), Ltd.
Hefei Branch
Room No.1902-1907, No.7 Office Building Wanda
Plaza, 130 Maanshan Street, Baohe District,Hefei, Anhui Province,
The People's Republic of China
TEL 86-551-6380-0690

Mizuho Bank (China), Ltd.
Qingdao Branch
44th Floor, Qingdao International Finance Center,
59 Hong Kong Middle Road, Shinan District,
Qingdao, Shandong Province 266071,
The People's Republic of China
TEL 86-532-8097-0001

Mizuho Bank (China), Ltd.
Shenzhen Branch
30th Floor, Huanggang Business Center Tower1,
Jintian Road, Futian District, Shenzhen,
Guangdong Province 518046,
The People's Republic of China
TEL 86-755-8282-9000

Mizuho Bank (China), Ltd.
Suzhou Branch
17th Floor, Genway Building,
188 Wangdun Road, Suzhou Industrial Park,
Suzhou, Jiangsu Province 215123,
The People's Republic of China
TEL 86-512-6733-6888

Mizuho Bank (China), Ltd.
Tianjin Branch
5th Floor, E2 ABC, East Wing Binhai Finance Zone,
No.20 Xinchengdong Road, TEDA, Tianjin 300457,
The People's Republic of China
TEL 86-22-6622-5588

Mizuho Bank (China), Ltd.
Wuhan Branch
5th Floor, Tower A, New World Center Tower,
634 Jiefang Avenue, Hankou, Wuhan,
Hubei Province 430032,
The People's Republic of China
TEL 86-27-8342-5000

Mizuho Bank (China), Ltd.
Wuxi Branch
8th Floor, Wuxi Software Park, No.16
Changjiang Road, WND, Wuxi, Jiangsu Province
214028, The People's Republic of China
TEL 86-510-8522-3939

Mizuho Bank (China), Ltd.
Dalian Economic & Technological
Development Area Sub-Branch
22nd Floor, International Business Building ofGugeng, No.81 Hongmei Area, Dalian Economic &Technological Development Area, Dalian,
Liaoning Province 116600,
The People's Republic of China
TEL 86-411-8793-5670

Mizuho Bank (China), Ltd.
Kunshan Sub-Branch
Room D,E, 18th Floor, Dongan Building, No.258
Chunxu Road, Development Zone Kunshan City,
Kunshan, Jiangsu Province 215300,
The People's Republic of China
TEL 86-512-6733-6888

Mizuho Bank (China), Ltd.
Tianjin Heping Sub-Branch
Room 1902, Tianjin International Building, No.75
Nanjing Road, Heping Area, Tianjin 300050,
The People's Republic of China
TEL 86-22-6622-5588

Nanjing Representative OfficeChennai Branch
Unit No.11B, 11th Floor, Prestige Palladium Bayan,Nos. 129 to 140, Greams Road, Chennai - 600 006,
Tamil Nadu, India
TEL 91-44-4928-6600

Mumbai Branch
Maker Chamber III , 1st Floor, Jamnalal Bajaj Road,
Nariman Point, Mumbai, 400 021, India
TEL 91-22-2288-6638

New Delhi Branch
1st Floor, DLF Capitol Point, Baba Kharag SinghMarg, Connaught Place, New Delhi, 110 001, India
TEL 91-11-3041-0900

Indonesia

PT. Bank Mizuho Indonesia
Sinar Mas Land Plaza Menara 2, 24th Floor,
Jl. M. H. Thamrin No.51, Jakarta 10350,
Republic of Indonesia
TEL 62-21-392-5222

Cambodia

Phnom Penh Representative Office
13A, Phnom Penh Tower, #445, Monivong Blvd
(St. 93/232), Sangkat Boeung Pralit, Khan 7
Makara, Phnom Penh, Cambodia
TEL 855-23-964-490

Korea

Seoul Branch
19th Floor, Seoul Finance Center, 136, Sejongdaero, Jung-gu, Seoul, Korea
TEL 822-3782-8500

Malaysia

Room 2220, Suning Universal Hotel,
188 Guangzhou Road, Nanjing,
Jiangsu Province 210024,
The People's Republic of China
TEL 86-25-8332-9379

Labuan Branch

Xiamen Representative Office

Labuan Branch, Kuala Lumpur
Marketing Office

Room 2102, The Bank Center, No.189 Xiahe Road,
Siming District, Xiamen, Fujian Province 361003,
The People's Republic of China
TEL 86-592-239-5571

Hong Kong

Level 9 (B) & (C), Main Office Tower,
Financial Park Labuan, Jalan Merdeka, 87000
Federal Territory of Labuan, Malaysia
TEL 60-87-417766

Level 27, Menara Maxis, Kuala Lumpur City
Centre, 50088 Kuala Lumpur, Malaysia
TEL 60-3-2070-6880

Mizuho Bank (Malaysia) Berhad

Hong Kong Branch
17th Floor, Two Pacific Place, 88 Queensway,
Hong Kong, S.A.R., The People's Republic of China
TEL 852-2103-3000

Level 27, Menara Maxis, Kuala Lumpur City
Centre, 50088 Kuala Lumpur, Malaysia
TEL 60-3-2058-6881

Myanmar

Kowloon Sub-Branch

Yangon Representative Office

16th Floor, Sun Life Tower, The Gateway,
Tsim Sha Tsui, Kowloon,
Hong Kong, S.A.R., The People's Republic of China
TEL 852-2102-5399

Room #03-12, Level 3, Sedona Business Apartment,
No.1, Ka Ba Aye Pagoda Road, Yankin Township,
Yangon, Republic of the Union of Myanmar
TEL 95-1-544-071

Mizuho Capital Markets (HK) Limited

Philippines

16th Floor, Two Pacific Place, 88 Queensway,
Hong Kong, S.A.R., The People's Republic of China
TEL 852-2537-3815

Manila Branch

India

Bangalore-Devanahali Branch#462/440/339, 2nd Floor, Near Jain Temple,
N.H.7/4-207, B.B. Road, Vijayapura Cross,
Devanahalli Town, Bangalore Rural
District - 562 110, Karnataka, India
TEL 91-80-3080-7300

36

26th Floor, Citibank Tower, Valero Street corner
Villar Street, Salcedo Village, 1227 Makati City,
Metro Manila, Philippines
TEL 63-2-860-3500

Singapore

Singapore Branch
168 Robinson Road, #11-01 Capital Tower,
Singapore 068912, Republic of Singapore
TEL 65-6423-0330

Location of Overseas Offices

TaiwanMoscow Representative Office

Germany

Kaohsiung Branch

Duesseldorf Branch

12th Floor, No.2, Chung Cheng 3rd Road,
Kaohsiung 800, Taiwan
TEL 886-7-236-8768

Benrather Strasse 18-20, 40213 Duesseldorf,
F.R. Germany
TEL 49-211-13020

Taichung BranchFrankfurt Branch

8th Floor, No.169, Fuhui Parkway,
Taichung 407, Taiwan
TEL 886-4-2374-6300

An der Hauptwache 7,60313 Frankfurt am Main,
F.R. Germany
TEL 49-69-29-72-95-0

Taipei Branch
2nd Floor, Hung Kuo Building, 167 Tun Hua
North Road, Taipei 105, Taiwan
TEL 886-2-2715-3911

Thailand

Bangkok Branch
18th Floor, TISCO Tower, 48 North Sathorn Road,
Silom, Bangrak, Bangkok 10500, Thailand
TEL 66-2-638-0200

VietnamHanoi Branch
4th Floor, 63 LTT Building,
63 Ly Thai To Street, Hanoi,
Socialist Republic of Vietnam
TEL 84-4-3936-3123/3124

Ho Chi Minh City Branch
18th Floor, Sun Wah Tower,
115 Nguyen Hue Boulevard, District 1,
Ho Chi Minh City, Socialist Republic of Vietnam
TEL 84-8-3827-8260/8292

Australia

Sydney Branch
Level 33, 60 Margaret Street, Sydney, N.S.W. 2000,
Australia
TEL 61-2-8273-3888

Mizuho Australia Ltd.
Level 33, 60 Margaret Street, Sydney, N.S.W. 2000,
Australia
TEL 61-2-8273-3888(Country/Region)
AustriaMizuho Bank-BA Investment
Consulting GmbH
Landhausgasse 4/7, 1010 Vienna, Austria
TEL 43-1-5355868

BelgiumMizuho Bank Nederland N.V.
Brussels Branch
Avenue Louise 480, 1050 Brussels, Belgium
TEL 32-2-645-5280

FranceParis Branch
Washington Plaza 40, rue Washington,
75408 Paris Cedex 08, France
TEL 33-1-5383-4100

South Africa

Johannesburg Representative Office
2nd Floor, West Tower, Maude Street, Nelson
Mandela Square, Sandton 2196, South Africa,
P.O. Box 785553, Sandton 2146
TEL 27-11-881-5410

Italy

Milan Branch
6th Floor, Largo Augusto 7, 20122 Milan,
Republic of Italy
TEL 39-02-778-0001

The Americas(Country/Region)

Spain

Mizuho Bank Nederland N.V.
Madrid Representative Office
Calle Orense 34, Planta 6, Edificio Iberia Mart II ,28020 Madrid, SpainTEL 34-91-598-2905

The Netherlands

BahamasMizuho Bank (USA)Nassau Branch
308 East Bay Street, P.O. Box N-7768,
Nassau, Bahamas

BrazilMizuho Bank Nederland N.V.
Apollolaan 171, 1077 AS Amsterdam,
The Netherlands
TEL 31-20-5734343

United Kingdom

Banco Mizuho do Brasil S.A.
Avenida Engenheiro Luiz Carlos Berrini,
716- 10andar, Brooklin Novo, São Paulo, SP, CEP,
04571-000, Brazil
TEL 55-11-5504-9844

São Paulo Representative OfficeLondon Branch
Bracken House, One Friday Street,
London, EC4M 9JA, UK
TEL 44-20-7012-4000

Mizuho Capital Markets (UK) Limited
One Friday Street, London, EC4M 9JA, UK
TEL 44-20-3192-1300

Bahrain

Bahrain Representative Office
Suite 201-202, Entrance 4,
2nd Floor, Manama Center, Manama, Bahrain(P.O. BOX 5759, Manama, Bahrain)
TEL 973-17-224522

Europe, the Middle East andAfricaMillennium House Business Center,
12, Trubnaya Street, Moscow 107045,
Russian Federation
TEL 7-495-787-2771

Avenida Paulista, 1274- 11andar, Bela Vista,São Paulo, SP, CEP. 01310-925, Brazil
TEL 55-11-3251-4199

CanadaCanada Branch
100 Yonge Street, Suite 1102, Toronto, Ontario,
Canada, M5C 2W1
TEL 1-416-874-0222

Calgary Office
Suite 1000, 888 3rd Street, South West, Calgary,Alberta, Canada, T2P 5C5
TEL 1-403-444-5375

Vancouver Office

IranTehran Representative Office
3rd Floor, No.1, 14th Street,
Khaled Eslamboli Avenue, Tehran 15117, IranTEL 98-21-8872-6593

Suite 305, South Tower, 5811 Cooney Road,
Richmond, British Columbia, Canada, V6X 3M1
TEL 1-604-231-3725

Cayman Islands

Cayman Branch

TurkeyIstanbul Representative Office
Office 813, Tekfen Tower 8th Floor, Buyukdere
Caddesi No.209, 4. Levent 34394, Istanbul, Turkey
TEL 90-212-371-8474

c/o Intertrust Bank (Cayman) Limited,
P.O. Box 1034, 190 Elgin Avenue,
Grand Cayman KY1-9005, Cayman Islands

MexicoMexico Representative Office

U.A.E

Dubai Branch
The Gate Village, Building Number 5, Level 2,
Dubai International Financial Centre,
P.O.Box No:506607, Dubai, United Arab Emirates
TEL 971-4-425-9200

Torres E3, Blvd. Manuel Avila Camacho No.32,
Piso 7, Oficina 702 Col.
Lomas de Chapultepec,
Delegacion Miguel Hidalgo, 11000,
Mexico, D.F., Mexico
TEL 52-55-5281-5037

U.S.A.

RussiaZAO Mizuho Bank (Moscow)
5th Floor, 20, bld. 1, Ovchinnikovskaya nab.,
115035 Moscow, Russian Federation
TEL 7-495-212-0333

37

Chicago Branch
311 South Wacker Drive, Suite 2020,
Chicago, IL 60606, USA
TEL 1-312-855-1111

Location of Overseas Offices

New York Branch
1251 Avenue of the Americas,
New York, NY 10020, USA
TEL 1-212-282-3000

Los Angeles Branch
350 South Grand Avenue, Suite 1500,
Los Angeles, CA 90071, USA
TEL 1-213-243-4500”Mizuho Desk”
By forming tie-ups with major financial institutions in regions where Mizuho does not possess
offices, we offer our customers financial services
through various institutions. (Transactions are
conducted directly between the customer and the
local financial institution.)

3353 Peachtree Road NE, Atlanta Financial Center,
Suite 500, Atlanta, GA 30326, USA
TEL 1-404-364-1550

Network of Mizuho Trust & Banking

Houston Representative OfficeMizuho Trust & Banking(Luxembourg) S.A.

2700 Post Oak Blvd., Suite 1350, Houston,
TX 77056, USA
TEL 1-713-499-4800

1B, rue Gabriel Lippmann, L-5365 Munsbach,Grand Duchy of Luxembourg
TEL 352-4216171

Mizuho Bank (USA)Mizuho Trust & Banking Co. (USA)1251 Avenue of the Americas,
New York, NY 10020, USA
TEL 1-212-282-3030

135 W. 50th Street, 16th Floor, New York,NY 10020, USA
TEL 1-212-373-5900

Network of Mizuho Securities
Beijing Representative Office
8th Floor, Chang-Fu-Gong Office Building, Jia 26,
Jianguomenwai Street, Chaoyang District,
Beijing 100022, The People's Republic of China
TEL 86-10-6523-4779

Mizuho Bank (USA)
Houston Representative Office

Shanghai Representative Office2700 Post Oak Blvd., Suite 1350, Houston,
TX 77056, USA
TEL 1-713-499-4800

17th Floor, Shanghai World Financial Center,No.100, Century Ave., Pudong New Area,
Shanghai 200120, The People's Republic of China
TEL 86-21-6877-8000

Mizuho Bank (USA)Los Angeles Representative OfficeMizuho Investment Consulting(Shanghai) Co., Ltd.

350 South Grand Avenue, Suite 1500, Los Angeles,
CA 90071, USA
TEL 1-213-243-4500

33th Floor, Shanghai World Financial Center,No.100, Century Ave., Pudong New Area,
Shanghai 200120, The People's Republic of China
TEL 86-21-6877-5888

757 Third Avenue, 8th Floor, New York,NY 10017, USA
TEL 1-212-282-4804

Mizuho Capital Markets Corporation
1440 Broadway, 25th Floor, New York, NY 10018,
USA
TEL 1-212-547-1500

Mizuho Securities USA Inc.
Chicago Office
311 South Wacker Drive, Suite 700,
Chicago, IL 60606-6620, USA
TEL 1-312-294-8800

Mizuho Securities USA Inc.
San Francisco Office
3 Embarcadero Center, Suite 1620,
San Francisco, CA 94111, USA
TEL 1-415-268-5500

1875 Century Park East, Suite 700,
Los Angeles, CA 90067, USA
TEL 1-310-284-3270

311 South Wacker Drive, Suite 2020, Chicago,
IL 60606, USA
TEL 1-312-855-1111

Mizuho Alternative Investments, LLC

Mizuho Securities USA Inc.
Hoboken OfficeMizuho Securities USA Inc.
Los Angeles OfficeMizuho Bank (USA)Atlanta Representative OfficeMizuho Bank (USA)
Chicago Representative Office

320 Park Avenue, New York,NY 10022, USA
TEL 1-212-209-9300

Waterfront Corporate Center,
111 River Street, Suite 1100,
Hoboken, NJ 07030-5777, USA
TEL 1-800-221-8866

Atlanta Representative Office3353 Peachtree Road NE, Atlanta Financial Center,
Suite 500, Atlanta, GA 30326, USA
TEL 1-404-364-1550

Mizuho Securities USA Inc.

Mizuho Securities Asia Limited
12th Floor, Chater House, 8 Connaught Road,
Central, Hong Kong, S.A.R,
The People's Republic of China
TEL 852-2685-2000

Mizuho Securities USA Inc.
Boston Office
125 High Street, 21st Floor,
Boston, MA 02210, USA
TEL 1-617-235-1722

Mizuho Securities USA Inc.
Atlanta Office3455 Peachtree Road, 5th Floor,
Atlanta, GA 30326, USA
TEL 1-404-995-6830

Mizuho Securities USA Inc.
Houston Office2700 Post Oak Blvd. Suite 1350
Houston, TX 77056, USA
TEL 1-713-499-4800

Mizuho Securities USA Inc.
London Office
Bracken House, One Friday Street,
London, EC4M 9JA, UK
TEL 44-20-7776-5800

Mizuho Securities India Private Limited
Unit 141-144, 14th Floor, Free Press House,
215 Free Press Journal Marg, Nariman Point,
Mumbai, 400 021, India
TEL 91-22-6121-7600

Mizuho Securities (Singapore) Pte. Ltd.

Network of DIAM
DIAM Asset Management (HK) Limited

One Raffles Quay, North Tower Unit 32-02,
Singapore 048583, Republic of Singapore
TEL 65-6603-5688

Suites 1221-22, Two Pacific Place,
88 Queensway, Hong Kong, S.A.R,
The People's Republic of China
TEL 852-2918-9030

Mizuho Bank (Switzerland) Ltd

DIAM SINGAPORE PTE. LTD.

Raiffeisen Bank International AG

Loewenstrasse 32, 8021 Zurich, Switzerland
TEL 41-44-216-9111

Am Stadtpark 9, A-1030 Vienna, Austria
TEL 43-1-71707-1375

2 Shenton Way #12-01 SGX Centre I ,Singapore 068804
TEL 65-6532-5470

Mizuho International plc

Mizuho Desk(Country/Region)
Austria

U.A.E

Mashreqbank psc
Japan Desk, Mashreqbank Building 3F,
Dubai Internet City, Mashreqbank,
P.O.Box 1250, Dubai,
United Arab Emirates
TEL 971-4-363-2324/2285

Bracken House, One Friday Street,
London EC4M 9JA, UK
TEL 44-20-7236-1090

Mizuho Saudi Arabia Company
North Lobby 1st Floor, Al Faisaliah Tower,
King Fahd Road, Olaya District, Riyadh 11544,
Kingdom of Saudi Arabia
TEL 966-11-273-4111

38

DIAM International Ltd
Bracken House, One Friday Street,
London, EC4M 9JA, UK
TEL 44-207-329-3777

DIAM U.S.A., Inc.
1133 Avenue of the Americas, 28th Floor,
New York, NY 10036, USA
TEL 1-212-350-7650

Investor Information

Date of Establishment(Eleventh Series Class XI Preferred Stock)
Percentageof shares
outstanding
Shares held(%)

January 8, 2003

Paid-in Capital¥2,254,972 million

Marubeni Corporation

14,500,000

4.37

SHIMIZU CORPORATION

10,000,000

3.02

Issued Shares

Electric Power Development Co., Ltd. 10,000,000

3.02

25,113,525,747 shares
Common Stock: 24,198,773,747 shares
Eleventh Series Class XI Preferred Stock: 914,752,000 shares

JFE Steel Corporation

6,000,000

1.81

ALL NIPPON AIRWAYS CO., LTD.

6,000,000

1.81

DAIICHI SANKYO COMPANY, LIMITED 6,000,000

1.81

CANON INC.

5,000,000

1.51

Kyushu Electric Power Company,
Incorporated

5,000,000

1.51

COSMO OIL COMPANY, LIMITED

5,000,000

1.51

Shiseido Company, Limited

5,000,000

1.51

Note: All of the shares of the Thirteenth Series Class XIII Preferred Stockissued by Mizuho Financial Group (36,690,000 shares) were acquiredand cancelled on July 11, 2013.

Number of Shareholders
Common Stock: 860,917
Eleventh Series Class XI Preferred Stock: 1,380

Notes:1. Figures for the percentage of shares outstanding are rounded
down to the nearest second decimal place.
2. The percentages of shares outstanding are calculated by excluding
the treasury stock (583,680,700 shares). Furthermore, the treasury
stock is not included in the above list of major shareholders.

Major Shareholders(Common Stock)
Percentageof shares
outstanding
Shares held(%)

(As of September 30, 2013)

Japan Trustee Services Bank, Ltd.
(Trustee account)

1,206,970,000

4.99

The Master Trust Bank of Japan, Ltd.
(Trustee account)

950,849,400

3.93

THE BANK OF NEW YORK,TREATY JASDEC ACCOUNT

491,729,484

2.03

JP MORGAN CHASE BANK 380055

450,898,502

1.86Japan Trustee Services Bank, Ltd.
(Trustee account 9)348,612,300

1.44

The Dai-ichi Life Insurance
Company, Limited

255,691,025

1.05

STATE STREET BANKAND TRUST COMPANY

239,379,211

0.98Japan Trustee Services Bank, Ltd.
(Trustee account 1)

230,650,600

0.95Japan Trustee Services Bank, Ltd.
(Trustee account 4)

229,096,000

0.94Japan Trustee Services Bank, Ltd.
(Trustee account 6)

223,938,900

0.92

Notes:1. Figures for the percentage of shares outstanding are rounded down
to the nearest second decimal place.
2. The percentages of shares outstanding are calculated by excluding
the treasury stock (11,327,035 shares).

39

Investor Information

Stock Listing(Common Stock)

Interim Dividends
The Company may, by a resolution of the Board of
Directors, distribute interim dividends provided for in Article
454, Paragraph 5 of the Company Law of Japan to theshareholders or registered stock pledgees appearing in writing or electronically in the register of shareholders as of theend of September 30 of each year.

Tokyo Stock Exchange

Accounting Auditors
Ernst & Young ShinNihon LLC

Shareholder Register Manager
Mizuho Trust & Banking Co., Ltd.

Share Unit
100 shares

ADR* Information
Fiscal Year

Outline of Mizuho Financial Group's ADR

April 1 to March 31
1. Exchange :2. Ticker Symbol :3. CUSIP :4. Conversion ratio :5. Depositary bank :New York Stock Exchange
MFG
60687Y109
1 ADR = 2 common shares
The Bank of New York Mellon
101 Barclay Street
New York, NY 10286
Phone: 1-201-680-6825
U.S. Toll Free: 888-269-2377
http://www.adrbnymellon.com/
6. Local custodian bank : Mizuho Bank, Ltd.

Convocation of General Meetings of Shareholders
An ordinary general meeting of shareholders of theCompany shall be convened no later than 3 months fromthe last day of each business year and an extraordinary
general meeting of shareholders shall be convened whenever necessary.

Record Date
1. The Company shall deem shareholders having voting
rights appearing in writing or electronically in the registerof shareholders as of the end of March 31 of each year as
the shareholders who are entitled to exercise their rights
at the ordinary general meeting of shareholders for the
relevant business year.
2. The provision of the preceding paragraph shall apply
mutatis mutandis to the record date for voting rights at
the general meetings of holders of classes of stock, where
there is a matter to be resolved at an ordinary general
meeting of shareholders that requires, in addition to such
resolution, a resolution by the relevant general meeting ofholders of class of stock.
3. In addition to the preceding two paragraphs, theCompany may temporarily set the record date whenevernecessary, by a resolution of the Board of Directors andupon giving a prior public notice thereof.

* ADRs are securities issued for the purpose of trading in the U.S. in placeof the underlying stock of foreign companies. As ADRs are registeredwith the SEC as U.S. securities, they are traded, settled and held incustody in substantively the same manner as the stocks of U.S.
companies. ADR is an acronym for American Depositary Receipts.

Dividends from Surplus Approved by Resolution of
Ordinary General Meeting of Shareholders
Dividends from the surplus approved by a resolution of an
ordinary general meeting of shareholders shall be distributed
to the shareholders or registered stock pledgees appearing
in writing or electronically in the register of shareholders asof the end of March 31 of each year.

40

Disclosure Policy

Basic Principles
We are committed to growing together with our customers
in a stable and sustainable manner and bringing together
our group-wide expertise to contribute to the prosperity of
economies and societies throughout the world as the leading Japanese financial services group with a global presence
and a broad customer base. For this reason, we place one of
the highest management priorities on continuing to disclose
information to our customers, shareholders, and investors
both in and outside Japan in a fair, timely and appropriatemanner, in order that they may form proper judgments andappraisals of the group. To achieve this aim, we observe
applicable domestic and international laws and regulations
as well as stock exchange rules relating to corporate disclosure, and we establish and implement appropriate
Disclosure Controls and Procedures.

within Mizuho Financial Group who engage in financial
reporting, accounting or disclosure. We have also developed the “Internal Controls and Audit Hotline”, a systemdesigned for obtaining concerns regarding questionableaccounting or auditing matters from both inside and outside Mizuho Financial Group.

Disclosure Methods, Other(1) Disclosure Methods
With respect to the information which is required to bedisclosed pursuant to applicable domestic and international laws and regulations as well as stock exchange
rules, we follow the defined disclosure procedures suchas publishing such information in business reports (JigyoHokoku), annual securities reports (YukashokenHokokusho) and other disclosure publications, as well as
providing such information through the information distribution systems of domestic and international stock
exchanges and through press releases. We also endeavor
to disclose other information in a fair, timely and appropriate manner. When we disclose such information, webasically publish on our website the information we disclose. In addition, we endeavor to utilize the latest disclosure methods and tools to provide more fair andwidespread disclosure.
(2) Investor Relations Activities
In accordance with our Basic Principles described above,
and with due attention to two-way communication, we
endeavor sincerely to facilitate a proper understanding of
our management strategies, financial condition andother matters. In this way, we aim to earn the trust of
the market and obtain an appropriate market reputation.
Beginning with the disclosure required by applicable
domestic and international laws and regulations as well
as stock exchange rules, we endeavor to grasp properly
the types of information desired by the market and to
disclose useful and appropriate information voluntarily
and proactively. Regarding disclosure of information we
consider particularly important, we communicate suchinformation on an ad hoc basis as and when necessary,even if a press release has already been issued, throughsuch means as special briefing sessions.
In addition, we respect various disclosure principles
including fair disclosure. Accordingly, at individual calls,
private meetings or conferences hosted or attended byrepresentatives of Mizuho Financial Group we endeavor
to limit carefully our explanations to matters already disclosed and facts commonly known.
(3) Correction of Misconceptions in the Markets
If we identify significant misconceptions regarding
Mizuho Financial Group in the market due to the spreadof rumors or otherwise, we endeavor to investigate theircauses and correct such misconceptions promptly.

Disclosure Controls and Procedures(1) Establishment and Implementation of Disclosure
Controls and Procedures
Our Disclosure Controls and Procedures are establishedto observe applicable domestic and international laws
and regulations as well as stock exchange rules and to
implement fair, timely and appropriate corporate disclosure. The Disclosure Controls and Procedures are theprocess carried out by directors, officers and employeesof Mizuho Financial Group and include internal controls
designed to provide reasonable assurance regarding thereliability of Financial Reporting and the Preparation of
Financial Statements. We have established the basic principles underlying our Disclosure Controls and Procedures
as well as our internal rules related to Disclosure Controls
and Procedures that govern the management framework
for the entire Mizuho Financial Group including groupcompanies, and we endeavor to establish, implement
and continuously improve our Disclosure Controls andProcedures. Our Disclosure Committee is the principal
management body that is responsible for discussing andexploring matters relating to Disclosure Controls andProcedures.
(2) Evaluation of Effectiveness of Disclosure Controls
and Procedures
Our Disclosure Controls and Procedures are documented,
and evaluation of the overall effectiveness of our
Disclosure Controls and Procedures is conducted regularly by reviewing the contents of such documentationand their implementation. In addition, evaluation of theeffectiveness and appropriateness of Disclosure Controls
and Procedures is conducted through internal audits.
(3) Others
We established a “Code of Ethics for Financial
Professionals” to be observed by all directors and executive officers, as well as all managers and other employees
41

Privacy Policy Regarding Customer Information

Management of Sensitive Information
Mizuho Financial Group will not acquire, use and provide to
any third party sensitive information (e.g. political affiliation,
religion, participation in labor union, race, ethnic group,
family origin, legal address on family registry and medical
information) unless authorized by law or it is necessary to
conduct business on condition that Mizuho Financial Grouphas customer consent.

Mizuho Financial Group, Inc. (“MHFG”) hereby establishes
and announces the “Privacy Policy Regarding Customer
Information” applicable to Mizuho Financial Group whichis composed of MHFG, its consolidated subsidiaries andaffiliates (which are accounted for by the equity method)that are listed in MHFG's Financial Reports.

Policy of Management
Mizuho Financial Group recognizes appropriate protection
and use of personal information to be important social
responsibilities, and makes every effort to appropriately
protect and use personal information complying with the
Personal Data Protection Law in Japan, other related regulations and the internal rules of Mizuho Financial Group,
including the “Privacy Policy Regarding Customer
Information” when Mizuho Financial Group conducts
business.

Security Measures
Mizuho Financial Group will maintain and manage accurate
and up to date personal information, and prevent leakage of
information with rational security measures. Mizuho
Financial Group will properly supervise employees and parties entrusted with handling personal information.

Continuous Improvement
Mizuho Financial Group will continuously review this policy
according to the development of information technologies
and the changes in social demand, and improve the management of personal information.

Proper Acquisition
Mizuho Financial Group will acquire personal informationthat is necessary to conduct its business by proper and lawful means.

Procedures to Request Disclosure
Purpose of Use

Mizuho Financial Group will endeavor to properly andpromptly cope with following requests from customers:• notification of the purpose of use• disclosure of personal data
• correction, addition and deletion of personal data that
do not reflect the facts• suspension of use and elimination of personal data• suspension of providing personal data to a third party

Mizuho Financial Group will specify the purpose of use of
personal information and will not use it beyond the specified
purpose. Furthermore, Mizuho Financial Group will not use
personal information beyond the purpose limited by related
regulations.
The purpose of use of personal information is set forththrough the web site or other measures provided by eachcompany of Mizuho Financial Group.

Customer Request
Limitation on Providing Personal Information to a
Third Party

Mizuho Financial Group will endeavor to cope with customer requests for the management of personal information
sincerely and promptly.

Mizuho Financial Group will not provide personal information to any third party in principle unless the individual concerned has agreed to such use or it is authorized by law.
However, Mizuho Financial Group may provide personal
information to relevant entities without customer consent infollowing cases:• Mizuho Financial Group entrusts management of personal information that is necessary to achieve the purpose of use to a third party.
• Mizuho Financial Group is one of the parties in a consolidation transaction.
• Mizuho Financial Group uses personal information jointlywith designated entities that are publicly informed.

42

Websites

Information useful to our customers can be found on our website including company information and introductions of business
operations at group companies. Moreover, information on IR, finance, exchange rates and branch guidance, various financial
products and services, as well as industrial and economic reports are available. Some of the banking transactions and inquires
can also be made.

Mizuho Financial GroupURL

http://www.mizuho-fg.co.jp/english/

URL

http://www.mizuhobank.com/

About Mizuho
Investor Relations· Financial Information· IR Information· Stock Information
CSR (Corporate Social Responsibility)· CSR Report
Careers
News Release
News Release E-mail Distribution Service

Mizuho Bank
About Mizuho Bank
· Corporate Information· A Message from the Management
Products & Services
Markets & Reports· Foreign Exchange Report· Industry and Economic Report· Economic ReportNews Release
Overseas Offices

Mizuho Trust & Banking

Mizuho Securities

URL http://www.mizuho-tb.co.jp/english/

URL http://www.mizuho-sc.com/english/

43

Interim Review (Financial Information)
For the Six Months ended September 30, 2013

<Under Japanese GAAP>

Mizuho Financial Group, Inc.

Financial Highlights of Mizuho Financial Group, Inc. (Consolidated)

For the Six Months ended September 30, 2013 and 2012,
and for the Fiscal Year ended March 31, 2013

Ordinary Income
Ordinary Profits
Income (Loss) before Income Taxes and Minority Interests
Net Income (Loss)
Cash Dividends*￥

September 30, 2013
1,540,570
567,377
563,374
429,745
75,873￥

Millions of yen
March 31, 2013
2,913,005
750,376
717,832
560,516
152,763

Thousands of U.S. dollars￥

September 30, 2012
1,447,821
285,747
277,414
184,276
76,371$

September 30, 2013
15,760,308
5,804,378
5,763,425
4,396,376
776,195*Non-consolidated basis

As of September 30, 2013and 2012, and March 31, 2013

Total Assets
Securities
Loans and Bills Discounted
Deposits*
Total Net Assets￥￥

September 30, 2013
182,149,236
46,601,342
67,435,232
86,720,758
8,100,621￥￥

Millions of yen
March 31, 2013
177,411,062
53,472,399
67,536,882
84,241,955
7,736,230

Thousands of U.S. dollars￥￥

September 30, 2012
165,599,660
48,551,986
63,650,211
79,013,741
6,751,845$$

September 30, 2013
1,863,419,298
476,740,081
689,874,504
887,168,887
82,870,805*Deposits does not include Negotiable Certificates of Deposit.

For the Six Months ended September 30, 2013 and 2012
and for the Fiscal Year ended March 31, 2013

Per Share of Common StockNet Income
Cash Dividends per Share*1
Common Stock
Preferred Stock
Eleventh Series Class XI Preferred StockThirteenth Series Class XIII Preferred Stock*2

Yen
March 31, 2013

September 30, 2013
￥

17.62

￥

22.96

￥

7.49

0.18

6

3

0.03

10
/

20
30

10
15

0.10
/

*2 Mizuho Financial Group, Inc. acquired all of the Thirteenth Series Class XIII Preferred Stock and cancelled all of the relevant stock as of July 11, 2013.

Total Capital Ratio (International Standard (Basel III))*
Consolidated Capital Adequacy Ratio (BIS Standard)*$

3*1 Non-consolidated basis

As of September 30, 2013 and 2012, and March 31, 2013

U.S. dollars
September 30, 2013

September 30, 2012

September 30, 201314.97%/March 31, 201314.19%/*Mizuho Financial Group, Inc. has applied the new framework(Basel III) starting the fiscal year ended March 31, 2013.

Note: The rate of ¥ 97.75=US$ 1.00, the foreign exchange rate on September 30, 2013, has been used for translation.

September 30, 2012/15.45%

CONTENTS
Notes:"CON": Consolidated figures for Mizuho Financial Group, Inc. ("MHFG")"NON": Non-consolidated figures for Mizuho Bank, Ltd. ("MHBK") and Mizuho Trust & Banking Co., Ltd. ("MHTB")
Non-consolidated figures for MHBK for previous periods are aggregate figures for former MHBK and former Mizuho Corporate Bank, Ltd.
("MHCB").
Aggregate figures for the 2 banks (MHBK and MHTB) for previous periods are aggregate figures for former MHBK, former MHCB, and MHTB.
The surviving company after the merger is former MHCB and figures for MHBK include figures for former MHCB.
"HC": Non-consolidated figures for Mizuho Financial Group, Inc.

I. CONSOLIDATED FINANCIAL STATEMENTS

See above Notes

Page

1. Consolidated Balance SheetCON

1

2. Consolidated Statement of Income and Consolidated Statement of Comprehensive IncomeCON

2

3. Consolidated Statement of Changes in Net Assets

CON

4

4. Consolidated Statement of Cash FlowsCON

6

II. FINANCIAL DATA

See above Notes

Page

1. Income Analysis

CON

2. Breakdown of Income

CON

11

3. Interest Margins (Domestic Operations)

NON

12

4. Use and Source of Funds

CON

13

5. Net Gains/Losses on Securities

NON

6. Unrealized Gains/Losses on Securities

CON

7. Projected Redemption Amounts for Securities

NON

8. Overview of Derivative Transactions Qualifying for Hedge Accounting

NON

9. Employee Retirement Benefits

NON

CON

20

10. Capital Ratio (Basel III)

CON

NON

22

III. REVIEW OF CREDITS

7

NON

14
16

NON

18
19

See above Notes

Page

1. Status of Non-Accrual, Past Due & Restructured Loans

CON

NON

23

2. Status of Reserves for Possible Losses on Loans

CON

NON

25

3. Reserve Ratios for Non-Accrual, Past Due & Restructured Loans

CON

NON

26

4. Status of Disclosed Claims under the Financial Reconstruction Law ("FRL")

CON

NON

27

5. Coverage on Disclosed Claims under the FRL

NON

29

6. Overview of Non-Performing Loans ("NPLs")

NON

31

7. Results of Removal of NPLs from the Balance Sheet

NON

32

(1) Outstanding Balances and Non-Accrual, Past Due & Restructured Loans by Industry

NON

33

(2) Disclosed Claims under the FRL and Coverage Ratio by Industry

NON

35

(1) Balance of Housing and Consumer Loans

NON

36

(2) Loans to SMEs and Individual Customers

NON

36

NON

37

8. Status of Loans by Industry

9. Housing and Consumer Loans & Loans to Small and Medium-Sized Enterprises("SMEs") and Individual Customers

10. Status of Loans by Region

IV. OTHERS

See above Notes

1. Breakdown of Deposits (Domestic Offices)

NON

2．Number of Directors and Employees

HC

3．Number of Branches and Offices

NON

Page

38
NON

39
40

V. Gross profits (excluding the amounts of credit costs of trust accounts) and Net business profits or losses(excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve
Page
for losses on loans) by reportable segment
41

This presentation contains statements that constitute forward-looking statements within the meaning of the United States Private Securities Litigation
Reform Act of 1995, including estimates, forecasts, targets and plans. Such forward-looking statements do not represent any guarantee by management of
future performance.
In many cases, but not all, we use such words as “ aim, ” “anticipate, ” “ believe, ” “endeavor, ” “ estimate, ” “expect, ” “ intend, ” “may, ” “ plan, ”“probability,” “project,” “risk,” “seek,” “should,” “strive,” “target” and similar expressions in relation to us or our management to identify forwardlooking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements reflect our current
views with respect to future events and are subject to risks, uncertainties and assumptions.
We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons,
including, without limitation: incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates;
foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline
in our deferred tax assets; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital
adequacy ratio levels; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our Medium-term Business Plan,
realize the synergy effects of “One MIZUHO,” and implement other strategic initiatives and measures effectively; the effectiveness of our operational,
legal and other risk management policies; the effect of changes in general economic conditions in Japan and elsewhere; and changes to applicable laws
and regulations.
Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3.D. Key Information—Risk
Factors ” and “ Item 5. Operating and Financial Review and Prospects ” in our most recent Form 20-F filed with the U.S. Securities and Exchange
Commission (“SEC”) which is available in the Financial Information section of our web page at www.mizuho-fg.co.jp/english/ and also at the SEC’s web
site at www.sec.gov.
We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our forwardlooking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock
Exchange.

Mizuho Financial Group, Inc.

I. CONSOLIDATED FINANCIAL STATEMENTS
1. Consolidated Balance Sheet
As of September 30, 2013
Millions of yen

AssetsCash and Due from Banks
Call Loans and Bills Purchased
Receivables under Resale Agreements
Guarantee Deposits Paid under Securities Borrowing Transactions
Other Debt Purchased
Trading Assets
Money Held in Trust
Securities
Loans and Bills Discounted
Foreign Exchange Assets
Derivatives other than for Trading Assets
Other Assets
Tangible Fixed Assets
Intangible Fixed Assets
Deferred Tax Assets
Customers' Liabilities for Acceptances and Guarantees
Reserves for Possible Losses on Loans
Reserve for Possible Losses on Investments\

18,133,429
361,000
12,157,183
5,586,262
2,978,895
13,942,483
128,874
46,601,342
67,435,232
1,338,201
3,318,853
5,058,186
906,531488,626
147,872
4,211,350(645,063)(28)
182,149,236

Total Assets
Liabilities

86,720,758
14,916,975
5,608,146
20,494,636
7,306,493
619,956
7,169,893
9,360,535
233,507568,197
5,131,982
1,253,759
3,463,391
6,715,045
36,32540,6591,323
346
19,111
16,65447,5881,049
29,47081,455
4,211,350
174,048,615

Deposits
Negotiable Certificates of Deposit
Call Money and Bills Sold
Payables under Repurchase Agreements
Guarantee Deposits Received under Securities Lending Transactions
Commercial Paper
Trading Liabilities
Borrowed Money
Foreign Exchange Liabilities
Short-term Bonds
Bonds and Notes
Due to Trust Accounts
Derivatives other than for Trading Liabilities
Other Liabilities
Reserve for Bonus Payments
Reserve for Employee Retirement Benefits
Reserve for Director and Corporate Auditor Retirement Benefits
Reserve for Possible Losses on Sales of Loans
Reserve for Contingencies
Reserve for Reimbursement of Deposits
Reserve for Reimbursement of Debentures
Reserves under Special Laws
Deferred Tax Liabilities
Deferred Tax Liabilities for Revaluation Reserve for Land
Acceptances and Guarantees

Total Liabilities
Net Assets

2,254,972
1,109,508
2,132,117(3,846)
5,492,751
729,899(4,990)141,461(72,440)
793,929
1,733
1,812,207
8,100,621
182,149,236

Common Stock and Preferred Stock
Capital Surplus
Retained Earnings
Treasury Stock
Total Shareholders' Equity
Net Unrealized Gains (Losses) on Other Securities
Deferred Gains or Losses on Hedges
Revaluation Reserve for Land
Foreign Currency Translation Adjustments
Total Accumulated Other Comprehensive Income
Stock Acquisition Rights
Minority Interests

Total Net Assets
Total Liabilities and Net Assets\*Amounts less than one million yen are rounded down.
1

Mizuho Financial Group, Inc.

2. Consolidated Statement of Income andConsolidated Statement of Comprehensive Income
For the Six Months Ended September 30, 2013
【Consolidated Statement of Income 】
Millions of yen

Ordinary Income\

1,540,570

Interest Income

710,234

Interest on Loans and Bills Discounted

460,427

Interest and Dividends on Securities

163,044

Fiduciary Income

25,735

Fee and Commission Income

339,972

Trading Income

111,399

Other Operating Income

150,010

Other Ordinary Income

203,217

Ordinary Expenses

973,192

Interest Expenses

156,249

Interest on Deposits*

50,635

Fee and Commission Expenses

64,594

Trading Expenses

4,268

Other Operating Expenses

69,264General and Administrative Expenses

614,304

Other Ordinary Expenses

64,510567,377

Ordinary Profits
Extraordinary Gains

529

Extraordinary Losses

4,532
563,374

Income before Income Taxes and Minority Interests
Income Taxes:
Current

71,836

Refund of Income Taxes(4,393)

Deferred

24,134

Total Income Taxes

91,577Net Income before Minority Interests

471,797

Minority Interests in Net Income

42,051Net Income\

429,745*Amounts less than one million yen are rounded down.
*Interest on Deposits does not include Interest on Negotiable Certificates of Deposit.

2

Mizuho Financial Group, Inc.

【Consolidated Statement of Comprehensive Income 】

Income before Minority Interests\
Other Comprehensive Income
Net Unrealized Gains (Losses) on Other Securities
Deferred Gains or Losses on Hedges
Revaluation Reserve for Land
Foreign Currency Translation Adjustments
Share of Other Comprehensive Income of Associates Accounted
for Using Equity Method
Comprehenshive Income(Breakdown)Comprehensive Income Attributable to Owners of the Parent
Comprehensive Income Attributable to Minority Interests*Amounts less than one million yen are rounded down.

3

Millions of yen
471,797
48,077
117,890(89,792)
21
11,8188,140
519,875
472,047
47,827

Mizuho Financial Group, Inc.

3. Consolidated Statement of Changes in Net Assets
For the Six Months Ended September 30, 2013
Millions of yen

Shareholders' Equity
Common Stock and Preferred Stock\

Balance as of the beginning of the period

2,254,972

Changes during the period
Total Changes during the period-

Balance as of the end of the period

2,254,972

Capital Surplus
Balance as of the beginning of the period

1,109,508

Changes during the period
Total Changes during the period-

Balance as of the end of the period

1,109,508

Retained Earnings
Balance as of the beginning of the period

1,814,782

Changes during the period
Cash Dividends(76,392)

Net Income

429,745

Disposition of Treasury Stock(27)

Cancellation of Treasury Stock(36,997)

Transfer from Revaluation Reserve for Land

905

Change of scope of consolidation(3)

Increase in Retained Earnings due to change of accounting period of subsidiaries

104

Total Changes during the period

317,334

Balance as of the end of the period

2,132,117

Treasury Stock
Balance as of the beginning of the period(4,661)

Changes during the period
Repurchase of Treasury Stock(37,238)

Disposition of Treasury Stock

1,055

Cancellation of Treasury Stock

36,997

Total Changes during the period

814

Balance as of the end of the period(3,846)

Total Shareholders' Equity
Balance as of the beginning of the period

5,174,601

Changes during the period
Cash Dividends(76,392)

Net Income

429,745

Repurchase of Treasury Stock(37,238)

Disposition of Treasury Stock

1,028

Transfer from Revaluation Reserve for Land

905

Change of scope of consolidation(3)

Increase in Retained Earnings due to change of accounting period of subsidiaries

104

Total Changes during the period

318,149\

Balance as of the end of the period*Amounts less than one million yen are rounded down.

45,492,751

Mizuho Financial Group, Inc.

Millions of yen

Accumulated Other Comprehensive Income
Net Unrealized Gains (Losses) on Other Securities\

Balance as of the beginning of the period

615,883

Changes during the period
Net Changes in Items other than Shareholders' Equity

114,015

Total Changes during the period

114,015

Balance as of the end of the period

729,899

Deferred Gains or Losses on Hedges
Balance as of the beginning of the period

84,634

Changes during the period
Net Changes in Items other than Shareholders' Equity(89,624)

Total Changes during the period(89,624)

Balance as of the end of the period(4,990)

Revaluation Reserve for Land
Balance as of the beginning of the period

142,345

Changes during the period
Net Changes in Items other than Shareholders' Equity(884)

Total Changes during the period(884)

Balance as of the end of the period

141,461

Foreign Currency Translation Adjustments
Balance as of the beginning of the period(90,329)

Changes during the period
Net Changes in Items other than Shareholders' Equity

17,889Total Changes during the period

17,889Balance as of the end of the period(72,440)

Total Accumulated Other Comprehensive Income
Balance as of the beginning of the period

752,533

Changes during the period
Net Changes in Items other than Shareholders' Equity

41,396

Total Changes during the period

41,396

Balance as of the end of the period

793,929

Stock Acquisition Rights
Balance as of the beginning of the period

2,687

Changes during the period
Net Changes in Items other than Shareholders' Equity(954)

Total Changes during the period(954)

Balance as of the end of the period

1,733

Minority Interests
Balance as of the beginning of the period

1,806,407

Changes during the period
Net Changes in Items other than Shareholders' Equity

5,799

Total Changes during the period

5,799

Balance as of the end of the period

1,812,207

Total Net Assets
Balance as of the beginning of the period

7,736,230

Changes during the period
Cash Dividends(76,392)

Net Income

429,745

Repurchase of Treasury Stock(37,238)

Disposition of Treasury Stock

1,028

Transfer from Revaluation Reserve for Land

905

Change of scope of consolidation(3)

Increase in Retained Earnings due to change of accounting period of subsidiaries

104

Net Changes in Items other than Shareholders' Equity

46,241

Total Changes during the period

364,391\

Balance as of the end of the period*Amounts less than one million yen are rounded down.

58,100,621

Mizuho Financial Group, Inc.

4. Consolidated Statement of Cash Flows
For the Six Months Ended September 30, 2013
Millions of yen
I. Cash Flow from Operating Activities
Income before Income Taxes and Minority Interests\

Depreciation
Losses on Impairment of Fixed Assets
Amortization of Goodwill
Equity in Loss (Gain) from Investments in Affiliates
Increase (Decrease) in Reserves for Possible Losses on Loans
Increase (Decrease) in Reserve for Possible Losses on Investments
Increase (Decrease) in Reserve for Possible Losses on Sales of Loans
Increase (Decrease) in Reserve for Contingencies
Increase (Decrease) in Reserve for Bonus Payments
Increase (Decrease) in Reserve for Employee Retirement Benefits
Increase (Decrease) in Reserve for Director and Corporate Auditor Retirement Benefits
Increase (Decrease) in Reserve for Reimbursement of Deposits
Increase (Decrease) in Reserve for Reimbursement of Debentures
Interest Income - accrual basis
Interest Expenses - accrual basis
Losses (Gains) on Securities
Losses (Gains) on Money Held in Trust
Foreign Exchange Losses (Gains) - net
Losses (Gains) on Disposition of Fixed Assets
Decrease (Increase) in Trading Assets
Increase (Decrease) in Trading Liabilities
Decrease (Increase) in Derivatives other than for Trading Assets
Increase (Decrease) in Derivatives other than for Trading Liabilities
Decrease (Increase) in Loans and Bills Discounted
Increase (Decrease) in Deposits
Increase (Decrease) in Negotiable Certificates of Deposit
Increase (Decrease) in Borrowed Money (excluding Subordinated Borrowed Money)
Decrease (Increase) in Due from Banks (excluding Due from Central Banks)
Decrease (Increase) in Call Loans, etc.
Decrease (Increase) in Guarantee Deposits Paid under Securities Borrowing Transactions
Increase (Decrease) in Call Money, etc.
Increase (Decrease) in Commercial Paper
Increase (Decrease) in Guarantee Deposits Received under Securities Lending Transactions
Decrease (Increase) in Foreign Exchange Assets
Increase (Decrease) in Foreign Exchange Liabilities
Increase (Decrease) in Short-term Bonds (Liabilities)
Increase (Decrease) in Bonds and Notes
Increase (Decrease) in Due to Trust Accounts
Interest and Dividend Income - cash basis
Interest Expenses - cash basis
Other - net
Subtotal
Cash Refunded (Paid) in Income Taxes
Net Cash Provided by (Used in) Operating Activities

563,374
75,361
1,025
1,727(13,680)(105,227)(12)297(2,716)(10,766)
1,884
(290)
190
12,170(710,234)
156,249(76,145)(39)(438,437)
2,031
216,147(649,965)
1,233,043(1,006,531)(762,603)
1,840,771(571,533)
1,674,558
289,454(2,093,685)(42,348)
1,570,530(130,517)(4,018,945)
123,848
50,786
90,7971,233
133,062
796,054(186,892)
737,054(1,248,914)(79,453)(1,328,368)

II. Cash Flow from Investing Activities(29,290,708)
31,455,142
5,391,852(34,635)
1,785(32,769)(49,986)2,398
0(30,292)
7,412,786

Payments for Purchase of Securities
Proceeds from Sale of Securities
Proceeds from Redemption of Securities
Payments for Increase in Money Held in Trust
Proceeds from Decrease in Money Held in Trust
Payments for Purchase of Tangible Fixed Assets
Payments for Purchase of Intangible Fixed Assets
Proceeds from Sale of Tangible Fixed Assets
Proceeds from Sale of Intangible Fixed Assets
Payments for Purchase of Stocks of Subdsidiaries (affecting the scope of consolidation)
Net Cash Provided by (Used in) Investing Activities
III. Cash Flow from Financing Activities
Repayments of Subordinated Borrowed Money
Payments for Redemption of Subordinated Bonds
Proceeds from Investments by Minority Shareholders
Cash Dividends Paid
Cash Dividends Paid to Minority Shareholders
Payments for Repurchase of Treasury Stock
Proceeds from Sale of Treasury Stock
Net Cash Provided by (Used in) Financing Activities
IV. Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents
V.Net Increase (Decrease) in Cash and Cash Equivalents
VI. Cash and Cash Equivalents at the beginning of the period
VII. Increase (Decrease) in Cash and Cash Equivalents due to change of accounting period of subsidiaries

VIII. Cash and Cash Equivalents at the end of the period\*Amounts less than one million yen are rounded down.

6(18,000)(37,500)
295(76,368)(48,861)(37,004)9(217,429)
45,981
5,912,970
11,347,537
0
17,260,508

Mizuho Financial Group, Inc.

II. FINANCIAL DATA
1. Income Analysis
Consolidated(Millions of yen)First Half of
Fiscal 201311

(61,074)
20,958
1,821
60,913(15,322)(129,446)(6,977)
1,862(9,308)468

1,104,049
533,026
23,913
214,464
122,453
210,192(607,327)(304,209)(277,451)(25,666)

12(15,837)

3,754(19,592)

13

3,788
67,299266,6298,161
3,837
281,630
4,329
285,960
61,013(101,517)
245,45612
245,469(19,623)
25,548(227,596)
5,519
5,146
285,747(8,332)
277,414(128,456)
77,383
226,341(42,064)
184,276

71,054

5,955(80,733)

499,349

1

Net Interest Income

2

Fiduciary Income

3

Credit Costs for Trust Accounts

4

Net Fee and Commission Income

5

Net Trading Income

6

Net Other Operating Income

78Personnel Expenses

9

Non-Personnel Expenses

10

Miscellaneous Taxes
Expenses related to Portfolio Problems (including Reversal of(Provision for) General Reserve for Possible Losses on Loans)

Change1,042,975
553,985
25,735
275,378
107,13180,746(614,304)(302,346)(286,759)(25,198)

Consolidated Gross Profits

General and Administrative Expenses

Minority Interests in Net Income

24

Net Income

25(15,835)
92,84839,032
13,6808,983
567,377(4,003)563,374(67,443)(24,134)
471,797(42,051)
429,745

26

77,010Losses on Write-offs of Loans
Reversal of Reserves for Possible Losses on Loans, etc.

First Half of
Fiscal 201214

Net Gains (Losses) related to Stocks

15

Equity in Income from Investments in Affiliates

16

Other

17

Ordinary Profits

18

Net Extraordinary Gains (Losses)

19

Income before Income Taxes and Minority Interests

20

Income Taxes - Current *21- Deferred

22

Net Income before Minority Interests

23* Income Taxes - Current [21] includes Refund of Income Tax.

Credit-related Costs(including Credit Costs for Trust Accounts)* Credit-related Costs [26] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Possible Losses on Loans) [12]+ Reversal of Reserves for Possible Losses on Loans, etc. [14] + Credit Costs for Trust Accounts [4](Reference)

Consolidated Net Business Profits27

418,616* Consolidated Net Business Profits [27] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses)+ Equity in Income from Investments in Affiliates and certain other consolidation adjustments

Number of consolidated subsidiaries

28

Number of affiliates under the equity method

29

7

161
22

13
-

148
22

Mizuho Financial Group, Inc.

Aggregate Figures for the 2 Banks
Non-Consolidated(Millions of yen)First Half of Fiscal 2013
MHBK
Former MHBK
(Apr. - Sep.) *3 (Apr. - Jun.)

Aggregate
Figures

MHTB

First Half of
Fiscal 2012

Change1538,551

185,804

60,686785,042(95,146)

880,189

Domestic Gross Profits2292,429

152,020

53,815498,265(80,968)

579,233

Net Interest Income

3

211,178

113,605

15,551

340,335(22,901)

363,236

Fiduciary Income

425,44625,446

1,863

23,583

Jointly Operated Designated Money Trust

5

1,625

1,625

161

1,463

Credit Costs for Trust Accounts *1

6

-

-

-

-

Net Fee and Commission Income

780,33834,994

11,629126,962

22,762104,200

Net Trading Income

8(8,558)831(2,318)(10,045)(25,452)

15,407

Net Other Operating Income

9

9,470

2,588

3,506

15,565(57,240)

72,806

International Gross Profits10

246,12233,7836,870

286,777(14,178)

300,955

Net Interest Income

11

136,270

10,038

3,364

149,673

37,143

112,529

Net Fee and Commission Income

12

53,107

3,094

(167)

56,033

12,31543,718

Net Trading Income

13
14

38,887
17,856(7,830)28,481

3,767(93)

34,82546,244

4,855(68,493)

29,969114,73815(254,661)(132,088)(36,998)(423,748)(7,012)(416,735)

Expense Ratio

16

Personnel Expenses

17
19

47.2%
(97,331)(145,137)(12,866)

71.0%(46,567)(78,411)(10,003)60.9%(16,911)(18,805)
(900)

53.9%
(160,810)(242,354)(23,769)

6.6%(5,937)(1,944)(67)

47.3%(154,872)(240,409)(23,702)20(12,192)(7,108)(1,281)(20,583)

870(21,454)21

283,890

53,716

23,688361,294(102,158)

463,453
286,402

Gross Profits

Net Other Operating Income
General and Administrative Expenses (excluding Non-Recurring Losses)

Non-Personnel Expenses
Premium for Deposit Insurance
Miscellaneous Taxes
Net Business Profits (before Reversal of (Provision for) General
Reserve for Possible Losses on Loans)18

22

262,708

40,007

19,996

322,71236,309

Reversal of (Provision for) General Reserve for Possible Losses on Loans

23

-

-

-

-

3,100

(3,100)Net Business Profits24

283,890

53,716

23,688361,294(99,058)

460,35325

21,182

13,7093,691

38,582(138,468)

177,051

26

81,162

17,087

6,262

104,512406,772(302,259)

Excluding Net Gains (Losses) related to Bonds

Net Gains (Losses) related to Bonds
Net Non-Recurring Gains (Losses)
Net Gains (Losses) related to Stocks

27

14,429

5,864

6,952

27,247

301,724(274,477)

Expenses related to Portfolio Problems

28(6,104)(5,630)(261)(11,996)

4,747(16,743)

Reversal of Reserves for Possible Losses on Loans, etc.

29

74,985

14,735

1,399

91,12070,457

20,662Other

30(2,148)2,118(1,828)(1,858)29,842(31,700)

Ordinary Profits

31

365,052

70,80329,950465,807

307,713

158,093

Net Extraordinary Gains (Losses)

32

(717)

(674)

(1,430)(2,821)

1,010(3,832)Net Gains (Losses) on Disposition of Fixed Assets

33

(159)

(674)

(1,111)(1,945)(225)(1,719)Losses on Impairment of Fixed Assets

34

(557)

-

(319)

(876)

1,236

(2,112)

35

364,335

70,12928,520462,985

308,724

154,260(118,172)

Income before Income Taxes
Income Taxes - Current *2- Deferred
Net Income

36(17,953)(26,259)(10,306)(54,519)

63,652

37(86,847)

41,107

8,997(36,742)(113,891)

77,14838

259,533

84,977

27,211

371,722

258,485

113,236*1 Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [6].
*2 Income Taxes - Current [36] includes Refund of Income Tax.
*3 Figures for MHBK for the first half of fiscal 2013 are the aggregate figures for former MHCB for the first quarter and MHBK for the second quarter.

Credit-related Costs

39

68,880

9,104

1,138

79,12378,305818

70,781
1,410
4,249
25
3,024
(366)
79,12353,207
4,844
17,912
25
2,454
(138)
78,305

17,573(3,433)(13,663)
(0)
569
(227)
818

*Credit-related Costs [39] = Expenses related to Portfolio Problems [28] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [23]+ Reversal of Reserves for Possible Losses on Loans, etc. [29] + Credit Costs for Trust Accounts [6](Reference) Breakdown of Credit-related Costs
Credit Costs for Trust Accounts

40

Reversal of (Provision for) General Reserve for Possible Losses on Loans 41

Losses on Write-offs of Loans

42

Reversal of (Provision for) Specific Reserve for Possible Losses on Loans 43
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries

Reversal of (Provision for) Reserve for Contingencies
Other (including Losses on Sales of Loans)
Total

44
45
46
47

60,012
2,451
3,531
25
2,970
(109)
68,8808

10,582
(780)
(441)
(256)
9,104

186
(261)
1,159
0
53
1,138

Mizuho Financial Group, Inc.

Mizuho Bank
Non-Consolidated(Millions of yen)First Half of Fiscal 2013
MHBK
Former MHBK
(Apr. - Sep.) *2 (Apr. - Jun.)

Aggregate
Figures

ChangeFirst Half of
Fiscal 2012

1

538,551

185,804

724,356(96,594)

820,950

Domestic Gross Profits2292,429

152,020

444,449(78,980)

523,430Net Interest Income

3

211,178

113,605

324,784(18,862)

343,646

Net Fee and Commission Income

480,33834,994

115,333

19,382

95,950Net Trading Income

5(8,558)831(7,726)(21,211)

13,484

Net Other Operating Income

6

9,470

2,588

12,059(58,289)

70,349International Gross Profits7

246,12233,783279,906(17,613)

297,519

Net Interest Income

8136,270

10,038146,30935,368110,940

Net Fee and Commission Income

953,107

3,094

56,201

12,30643,895

Net Trading Income

10

38,887(7,830)31,057(168)

31,225Gross Profits

Net Other Operating Income
General and Administrative Expenses (excluding Non-Recurring Losses)

11

17,85628,481

46,338(65,120)

111,45812

17(254,661)
47.2%(97,331)(145,137)(12,866)(12,192)(132,088)
71.0%(46,567)(78,411)(10,003)(7,108)(386,749)
53.3%(143,899)(223,548)(22,869)(19,301)(7,132)
7.1%(5,973)(2,124)(115)966(379,617)
46.2%(137,925)(221,424)(22,754)(20,267)18

283,890

53,716337,606(103,726)

441,333

Expense Ratio

13

Personnel Expenses

14

Non-Personnel Expenses
Premium for Deposit Insurance
Miscellaneous Taxes
Net Business Profits (before Reversal of (Provision for) General Reserve for
Possible Losses on Loans)

15
16

19

262,708

40,007

302,715

32,612

270,103

Reversal of (Provision for) General Reserve for Possible Losses on Loans

20

Net Business Profits21

283,890
21,182
81,162
14,429(6,104)74,985(2,148)365,052
(717)
(159)
(557)
364,335(17,953)(86,847)
259,533

53,716
13,70917,087
5,864(5,630)14,7352,118
70,803(674)(674)
70,129(26,259)
41,107
84,977

337,606
34,891
98,24920,294(11,734)
89,720(30)
435,856(1,391)(834)(557)
434,464(44,212)(45,740)
344,510

3,100(100,626)(136,339)
381,244278,361
4,749
70,53527,598
280,618
2,013
477
1,536
282,632
70,452(119,846)
233,238(3,100)438,232
171,230(282,995)(258,066)(16,484)
19,184(27,629)
155,237(3,405)(1,311)(2,093)
151,832(114,665)
74,105111,272

77,98578,385(400)

70,594
1,671
3,089
25
2,970
(366)
77,98554,794
4,846
16,221
25
2,635
(138)
78,385

15,799(3,175)(13,131)
(0)
334
(227)
(400)

Excluding Net Gains (Losses) related to Bonds

Net Gains (Losses) related to Bonds
Net Non-Recurring Gains (Losses)

22
23

Net Gains (Losses) related to Stocks

24

Expenses related to Portfolio Problems

25

Reversal of Reserves for Possible Losses on Loans, etc.

26

Other

27

Ordinary Profits
Net Extraordinary Gains (Losses)

28
29

Net Gains (Losses) on Disposition of Fixed Assets

30

Losses on Impairment of Fixed Assets

31

Income before Income Taxes
Income Taxes - Current *1- Deferred
Net Income

32
33
34
35

*1 Income Taxes - Current [33] includes Refund of Income Tax.
*2 Figures for MHBK for the first half of fiscal 2013 are the aggregate figures for former MHCB for the first quarter and MHBK for the second quarter.

Credit-related Costs

36

68,8809,104* Credit-related Costs [36] = Expenses related to Portfolio Problems [25] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [20]+ Reversal of Reserves for Possible Losses on Loans, etc. [26](Reference) Breakdown of Credit-related Costs
Reversal of (Provision for) General Reserve for Possible Losses on Loans
Losses on Write-offs of Loans
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries

Reversal of (Provision for) Reserve for Contingencies
Other (including Losses on Sales of Loans)
Total

37
38
39
40
41
42
43

9

60,012
2,451
3,531
25
2,970
(109)
68,880

10,582
(780)
(441)
(256)
9,104

Mizuho Financial Group, Inc.

Mizuho Trust & Banking
Non-Consolidated(Millions of yen)First Half of
Fiscal 2013

First Half of
Fiscal 2012

Change1

60,686

1,447

59,239Domestic Gross Profits253,815(1,987)55,803Net Interest Income

3

Fiduciary Income

4

Jointly Operated Designated Money Trust

5

15,551
25,446
1,625(4,039)1,863
161

19,59023,583
1,463

Credit Costs for Trust Accounts*

6

-

-

-

Net Fee and Commission Income

7

11,629

3,379

8,249

Net Trading Income

8(2,318)(4,240)

1,922

Net Other Operating Income

9

3,506

1,049

2,457

International Gross Profits

10

6,870

3,434

3,436

Net Interest Income

11

3,364

1,774

1,589

Net Fee and Commission Income

12

(167)

9

(176)

Net Trading Income

13

3,767

5,023

(1,256)14(93)(3,373)3,280

15(36,998)

120(37,118)

Gross Profits

Net Other Operating Income
General and Administrative Expenses (excluding Non-Recurring Losses)

Expense Ratio

16

60.9%

(1.6%)

62.6%

Personnel Expenses

17(16,911)35(16,946)(18,985)

Non-Personnel Expenses
Premium for Deposit Insurance
Miscellaneous Taxes
Net Business Profits (before Reversal of (Provision for) General Reserve for
Possible Losses on Loans)

18(18,805)

180

19

(900)

48

(948)

20

(1,281)(95)(1,186)

21

23,6881,567

22,120
16,29922

19,996

3,697

Reversal of (Provision for) General Reserve for Possible Losses on Loans

23

-

-

-

Net Business Profits24

23,6881,567

22,12025

3,691(2,129)

5,820

26

6,262

25,527(19,264)

Net Gains (Losses) related to Stocks

27

6,952

23,363(16,411)

Expenses related to Portfolio Problems

28

(261)

(2)

(258)

Reversal of Reserves for Possible Losses on Loans, etc.

29

1,399

(77)

1,477

Other

30

(1,828)2,243(4,071)
2,856

Excluding Net Gains (Losses) related to Bonds

Net Gains (Losses) related to Bonds
Net Non-Recurring Gains (Losses)

Ordinary Profits

31

29,95027,094Net Extraordinary Gains (Losses)

32(1,430)(1,002)(427)

Net Gains (Losses) on Disposition of Fixed Assets

33(1,111)

(703)

(408)

Losses on Impairment of Fixed Assets

34

(319)

(299)

(19)

Income before Income Taxes

35

28,52026,091

2,428

Income Taxes - Current

36(10,306)(6,799)(3,507)- Deferred

37

8,997

5,954

3,043

38

27,211

25,246

1,964

Net Income* Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) excludes the amounts of "Credit Costs for Trust Accounts" [6].

Credit-related Costs

39

1,138

(79)

1,218

* Credit-related Costs [39] = Expenses related to Portfolio Problems [28] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [23]+ Reversal of Reserves for Possible Losses on Loans, etc. [29] + Credit Costs for Trust Accounts [6](Reference) Breakdown of Credit-related Costs
Credit Costs for Trust Accounts
Reversal of (Provision for) General Reserve for Possible Losses on Loans

Losses on Write-offs of Loans
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries

Reversal of (Provision for) Reserve for Contingencies
Other (including Losses on Sales of Loans)
Total

10

40
41
42
43
44
45
46
47

186
(261)
1,159
0
53
1,138

(1,587)
(2)
1,690
0
(181)
(79)

1,773
(258)
(531)
0
234
1,218

Mizuho Financial Group, Inc.

2. Breakdown of Income
Breakdown of Net Fee and Commission Income(Billions of yen)

Consolidated

First Half of
Fiscal 2013

275.3
339.9
84.4
53.8
90.0
14.3
2.6
14.1
22.5
64.5
20.2

Net Fee and Commission Income
Fee and Commission Income
Deposits, Debentures and Lending Business
Remittance Business
Securities-related BusinessAgency Business
Safe Custody and Safety Deposit Box Business
Guarantee Business
Fiduciary-related BusinessFee and Commission Expenses
Remittance Business

11

Change

60.9
69.2
18.2
1.9
38.2
1.2
(0.0)
1.7
3.2
8.3
0.8

First Half of
Fiscal 2012

214.4
270.7
66.1
51.9
51.8
13.0
2.7
12.3
19.2
56.2
19.4

Mizuho Financial Group, Inc.

3. Interest Margins (Domestic Operations)
Non-Consolidated(%)
First Half of Fiscal 2013

Mizuho Bank
Return on Interest-Earning Assets
Return on Loans and Bills Discounted *1
Return on Securities
Cost of Funding (including Expenses)
Cost of Deposits (including Expenses)
Cost of Deposits *2
Cost of Other External Liabilities
Net Interest Margin
Loan and Deposit Rate Margin (including Expenses)
Loan and Deposit Rate Margin(1)-(4)(2)-(5)(2)-(6)

MHBK(Apr. - Sep.) *3

Former MHBK
(Apr. - Jun.)

0.75
1.05
0.59
0.69
0.83
0.05
0.22
0.06
0.22
0.99

0.76
1.27
0.34
0.83
0.88
0.04
0.18
(0.07)
0.38
1.22

Aggregate
Figures
0.75
1.12
0.51
0.74
0.85
0.05
0.21
0.01
0.26
1.06

1.46
0.57
1.41

1.24
0.39
1.19

1
2
3
4
5
6
7
8
9
10

ChangeFirst Half of
Fiscal 2012

(0.04)(0.07)
0.05(0.00)(0.05)(0.00)(0.02)(0.03)(0.02)(0.06)

0.79
1.19
0.45
0.74
0.90
0.06
0.24
0.04
0.29
1.13

(0.08)(0.02)(0.07)

1.33
0.42
1.26

*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).
*2 Deposits include Negotiable Certificates of Deposit ("NCDs").
*3 Figures are calculated based on the figures for former MHCB for the first quarter and MHBK for the second quarter.

(Reference) After excluding loans to Deposit Insurance Corporation of Japan and Japanese government
Return on Loans and Bills Discounted
11
1.15
Loan and Deposit Rate Margin (including Expenses)(11)-(5)12
0.32
Loan and Deposit Rate Margin(11)-(6)
13
1.09

(%)
First Half of
Fiscal 2013

Mizuho Trust & Banking (3 domestic accounts) *1
Return on Interest-Earning Assets
Return on Loans and Bills Discounted
Return on Securities
Cost of Funding
Cost of Deposits *2
Net Interest Margin
Loan and Deposit Rate Margin(14)-(17)(15)-(18)

14
15
16
17
18
19
20

0.75
0.98
0.56
0.16
0.09
0.59
0.89

Change(0.15)(0.19)(0.18)(0.02)(0.03)(0.13)(0.15)First Half of
Fiscal 2012
0.91
1.17
0.75
0.18
0.12
0.72
1.05

*1 3 domestic accounts = banking accounts (domestic operations) + trust accounts with contracts indemnifying the principal amounts (jointly-managed money trusts).
*2 Deposits include NCDs.

12

Mizuho Financial Group, Inc.

4. Use and Source of Funds
Consolidated(Billions of yen)First Half of Fiscal 2013(a)

710.2

15.2

First Half of Fiscal
2012(b)Interest
694.9

Loans and Bills Discounted

460.4

19.8

440.6

Securities

163.0

(5.4)

168.5

Call Loans and Bills Purchased

2.6

0.0

2.5

Receivables under Resale Agreements

17.7

(3.8)

21.5

Guarantee Deposits Paid under Securities
Borrowing Transactions

3.9

(1.2)

5.1

Due from Banks

14.4

4.8

9.6

Source of Funds

156.2

(5.7)

161.9

Deposits

50.6

4.7

45.9

Negotiable Certificates of Deposit

14.1

(0.9)

15.0

Call Money and Bills Sold

3.6

(0.3)

4.0

Payables under Repurchase Agreements

16.6

(4.1)

20.8

Guarantee Deposits Received under Securities
Lending Transactions

5.4

(3.7)

9.2

Commercial Paper

0.9

0.2

0.6

Borrowed Money

13.4

(4.4)

17.8

Change (a)-(b)Interest

Interest
Use of Funds

13

Mizuho Financial Group, Inc.

5. Net Gains/Losses on Securities

Non-Consolidated

Aggregate Figures for the 2 Banks(Millions of yen)First Half of
Fiscal 2013*

First Half of
Fiscal 2012

ChangeNet Gains (Losses) related to Bonds

38,582(138,468)

177,051

Gains on Sales and Others

89,418(112,193)

201,612

Losses on Sales and Others(43,237)(28,564)(14,673)

Impairment (Devaluation)(7,975)(745)(7,229)

-

-

-

376

3,035

(2,658)

Reversal of (Provision for) Reserve for Possible Losses on Investments
Gains (Losses) on Derivatives other than for Trading* Figures are the aggregate figures for former MHBK for the first quarter, former MHCB for the first quarter, MHBK for the second quarter,and MHTB for the first half of fiscal 2013.

First Half of
Fiscal 2013*
Net Gains (Losses) related to Stocks

First Half of
Fiscal 2012

Change27,247

301,724(274,477)

Gains on Sales

29,404

15,873

13,530Losses on Sales(2,166)

3,298(5,465)

Impairment (Devaluation)(1,279)280,416(281,696)

16

43

(26)

1,272

2,092

(819)

Reversal of (Provision for) Reserve for Possible Losses on Investments
Gains (Losses) on Derivatives other than for Trading* Figures are the aggregate figures for former MHBK for the first quarter, former MHCB for the first quarter, MHBK for the second quarter,and MHTB for the first half of fiscal 2013.

(Millions of yen)First Half of Fiscal 2013

Mizuho Bank

MHBK
(Apr. - Sep.) *Aggregate
Figures

Former MHBK
(Apr. - Jun.)First Half of
Fiscal 2012

ChangeNet Gains (Losses) related to Bonds

21,182

13,70934,891(136,339)

171,230

Gains on Sales and Others

58,64725,08083,727(112,296)

196,024

Losses on Sales and Others(28,893)(12,158)(41,052)(26,653)(14,399)

Impairment (Devaluation)(7,559)(416)(7,975)(745)(7,229)

-

-

-

-

-

(1,013)

1,203

190

3,356

(3,165)

Reversal of (Provision for) Reserve for Possible Losses on Investments
Gains (Losses) on Derivatives other than for Trading* Figures are the aggregate figures for former MHCB for the first quarter and MHBK for the second quarter.

First Half of Fiscal 2013
MHBK
(Apr. - Sep.) *Net Gains (Losses) related to Stocks

Aggregate
Figures

Former MHBK
(Apr. - Jun.)First Half of
Fiscal 2012

Change14,4295,864

20,294

278,361(258,066)

Gains on Sales

15,887

6,427

22,314

9,802

12,512Losses on Sales(1,295)(739)(2,035)

2,405(4,441)

(468)

(763)

(1,232)

264,103(265,336)

Reversal of (Provision for) Reserve for Possible Losses on Investments

17

4

21

39

(17)

Gains (Losses) on Derivatives other than for Trading

289

937

1,226

2,010

(784)

Impairment (Devaluation)* Figures are the aggregate figures for former MHCB for the first quarter and MHBK for the second quarter.

14

Mizuho Financial Group, Inc.

(Millions of yen)Mizuho Trust & Banking

First Half of
Fiscal 2013

First Half of
Fiscal 2012

ChangeNet Gains (Losses) related to Bonds

3,691(2,129)5,820

Gains on Sales and Others

5,690

102

5,588

Losses on Sales and Others(2,185)(1,911)(274)

Impairment (Devaluation)

-

-

-

Reversal of (Provision for) Reserve for Possible Losses on Investments

-

-

-

186

(321)

507

Gains (Losses) on Derivatives other than for TradingFirst Half of
Fiscal 2013
Net Gains (Losses) related to Stocks

First Half of
Fiscal 2012

Change6,952

23,363(16,411)

Gains on Sales

7,089

6,071

1,017

Losses on Sales

(131)

893

(1,024)

Impairment (Devaluation)(47)

16,312(16,359)

Reversal of (Provision for) Reserve for Possible Losses on Investments

(5)

4

(9)

Gains (Losses) on Derivatives other than for Trading

46

81

(34)

15

Mizuho Financial Group, Inc.

6. Unrealized Gains/Losses on Securities■ Securities for which it is deemed to be extremely difficult to determine the fair value are excluded.

Consolidated(1) Other Securities

Other Securities
Japanese Stocks
Japanese Bonds
Japanese Government Bonds

Other
Foreign Bonds(Millions of yen)Book Value(=Fair Value)
43,347,884
3,169,229
28,885,902
25,956,915
11,292,751
8,538,997

As of September 30, 2013
Unrealized Gains/Losses
Gains
1,050,523
1,412,225
1,134,191
1,230,439
22,512
49,291
7,202
18,274(106,181)
132,494(189,209)
18,005Losses361,70296,24826,778
11,071
238,676
207,214

As of March 31, 2013
Unrealized Gains/Losses
Gains
881,442
1,148,913
710,082
843,264
113,475
134,247
88,21089,672
57,884
171,401
17,90574,016

Losses267,470
133,181
20,771
1,462
113,516
56,110* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Other Debt Purchased" and certain items in "Other Assets" arealso included.
* Fair value of Japanese stocks with a quoted market price is determined based on the average quoted market price over the month preceding the consolidated balance sheet date. Fairvalue of securities other than Japanese stocks is determined at the quoted market price if available, or other reasonable value at the consolidated balance sheet date.
* The book values of Other Securities which have readily determinable fair value are stated at fair value, so Unrealized Gains/Losses indicate the difference between book values on the
consolidated balance sheets and the acquisition costs.
* Unrealized Gains/Losses include \33,688 million and \3,311 million, which were recognized in the statement of income for September 30, 2013 and March 31, 2013, respectively, byapplying the fair-value hedge method and others. As a result, the base amounts to be recorded directly to Net Assets after tax and consolidation adjustments as of September 30, 2013 andMarch 31, 2013 are \1,016,834 million and \878,131 million, respectively.
* Unrealized Gains (Losses) on Other Securities, net of Taxes (recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the statementof income by applying the fair-value hedge method and others, including translation differences regarding securities, the fair values of which are extremely difficult to determine) as of
September 30, 2013 and March 31, 2013 are \729,899 million and \615,883 million, respectively.

(2) Bonds Held to Maturity(Millions of yen)Book Value

Bonds Held to Maturity

3,600,317

As of September 30, 2013
Unrealized Gains/Losses
Gains
14,756
16,471

Losses1,714

As of March 31, 2013
Unrealized Gains/Losses
Gains
20,022
19,940Losses364,820
101,560
26,391
11,070236,868
205,425

As of March 31, 2013
Unrealized Gains/Losses
Gains
1,026,258
1,299,158
884,089
1,024,291
113,231
133,999
88,14489,60628,937140,866
18,30873,347

Losses81

Non-Consolidated(1) Other Securities
Aggregate Figures for the 2 Banks

Other Securities
Japanese Stocks
Japanese Bonds
Japanese Government Bonds

Other
Foreign Bonds

Book Value(=Fair Value)
42,201,125
3,090,727
28,651,082
25,845,071
10,459,316
8,383,857(Millions of yen)
As of September 30, 2013
Unrealized Gains/Losses
Gains952,817
1,317,638
1,069,288
1,170,849
22,07048,462
7,174
18,245(138,541)
98,326(188,375)
17,049Losses272,899
140,202
20,768
1,462
111,928
55,038Mizuho Bank
Other Securities
Japanese Stocks
Japanese Bonds
Japanese Government Bonds

Other
Foreign Bonds

39,966,858
2,880,147
27,319,871
24,582,132
9,766,839
7,832,145

864,324985,224
21,5707,475(142,470)(184,553)

1,218,034
1,082,889
46,925
17,65588,21916,548353,709
97,66425,355
10,179230,689
201,101

947,009822,952
108,256
84,25715,80016,912

1,210,574
956,901
128,694
85,405
124,978
71,550263,564
133,948
20,4381,147
109,177
54,6372,234,267
210,580
1,331,210
1,262,938
692,476
551,71288,492
84,064
499
(301)
3,928
(3,822)

99,60387,9601,536
590
10,107501

11,111
3,895
1,036
891
6,179
4,323

79,24861,136
4,975
3,886
13,136
1,396

88,584
67,3905,305
4,200
15,888
1,796

9,335
6,254
329
314
2,751
400

Mizuho Trust & Banking
Other Securities
Japanese Stocks
Japanese Bonds
Japanese Government Bonds

Other
Foreign Bonds* In addition to "Securities" indicated on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Other Debt Purchased" are also included.
* Fair value of Japanese stocks with a quoted market price is determined based on the average quoted market price over the month preceding the balance sheet date. Fair value of securities
other than Japanese stocks is determined at the quoted market price if available, or other reasonable value at the balance sheet date.
* The book values of Other Securities which have readily determinable fair value are stated at fair value, so Unrealized Gains/Losses indicate the difference between book values on thebalance sheets and the acquisition costs.
* Unrealized Gains/Losses include \33,688 million and \3,311 million, which were recognized in the statement of income for September 30, 2013 and March 31, 2013, respectively, byapplying the fair-value hedge method and others. As a result, the base amounts to be recorded directly to Net Assets after tax adjustment as of September 30, 2013 and March 31, 2013 are\919,128 million and \1,022,947 million, respectively.
* Unrealized Gains (Losses) on Other Securities, net of Taxes (recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the statement of income by
applying the fair-value hedge method and others, including translation differences regarding securities, the fair values of which are extremely difficult to determine) as of September 30,
2013 and March 31, 2013 are as follows:

Aggregate Figures
Mizuho Bank
Mizuho Trust & Banking

As of September 30, 2013
667,093596,082
71,010(Millions of yen)
As of March 31, 2013
730,865
669,465
61,39916

Mizuho Financial Group, Inc.

(2) Bonds Held to Maturity(Millions of yen)

Aggregate Figures for the 2 Banks
As of September 30, 2013

As of March 31, 2013

Unrealized Gains/Losses

Book Value

Gains

Unrealized Gains/Losses
Losses

Gains

LossesAggregate Figures

3,600,317

14,756

16,471

1,714

19,94020,02281

Mizuho Bank

3,600,317

14,756

16,471

1,714

19,94020,022

81

-

-

-

-

-

-

-

Mizuho Trust & Banking(3) Investment in Subsidiaries and Affiliates(Millions of yen)

Aggregate Figures for the 2 Banks
As of March 31, 2013

As of September 30, 2013
Unrealized Gains/Losses

Book Value

Gains

Unrealized Gains/Losses
Losses

Gains

LossesAggregate Figures118,376

202,459

203,651

1,192

5,850

5,850

-

Mizuho Bank

118,376

202,459

203,651

1,192

5,850

5,850

-

-

-

-

-

-

-

-

Mizuho Trust & Banking(Reference)
Unrealized Gains/Losses on Other Securities(the base amount to be recorded directly to Net Assets after tax and other necessary adjustments)
For certain Other Securities, Unrealized Gains/Losses were recognized in the statement of income by applying the fair-value hedge method
and others. They were excluded from Unrealized Gains (Losses) on Other Securities. These adjusted Unrealized Gains/Losses were the baseamount, which was to be recorded directly to Net Assets after tax and other necessary adjustments.
The base amount was as follows:

Consolidated(Millions of yen)
As of September 30, 2013
Unrealized Gains/Losses
ChangeAs ofMarch 31, 2013

Unrealized
Gains/Losses

Other Securities

1,016,834

138,702878,131

Japanese Stocks

1,134,379

424,181710,198

Japanese Bonds

22,512(90,962)

113,475

7,202(81,008)

88,210(140,057)(194,515)

54,457

Japanese Government Bonds
Other

Non-Consolidated
Aggregate Figures for the 2 Banks(Millions of yen)
As of September 30, 2013
Unrealized Gains/Losses
ChangeAs ofMarch 31, 2013

Unrealized
Gains/Losses

Other Securities

919,128(103,818)

1,022,947

Japanese Stocks

1,069,476

185,271884,204

Japanese Bonds

22,070(91,161)

113,231

7,174(80,969)

88,144(172,418)(197,929)

25,510Japanese Government Bonds
Other

17

Mizuho Financial Group, Inc.

7. Projected Redemption Amounts for Securities■ The redemption schedule by term for Bonds Held to Maturity and Other Securities with maturities is as follows:
Non-Consolidated(Billions of yen)

Aggregate Figures for the 2 Banks
Maturity as of September 30, 2013
Within1 year

1-5years

5 - 10years

ChangeOver
10 yearsWithin1 year1-5
years

Maturity as of March 31, 2013

5 - 10years

Over
10 yearsWithin1 year

1-5years

5 - 10years

Over
10 years

9,709.1

18,451.2

3,035.7

883.2(3,052.3)

343.0(1,564.3)(109.5)

12,761.4

18,108.1

4,600.0992.8

9,293.6

17,290.1

2,723.4-(2,905.2)

354.9(1,562.0)(5.0)

12,198.9

16,935.2

4,285.4

5.0

Japanese Local Government Bonds

30.7

145.4

70.2

0.8

(3.9)

6.4

6.0

(0.0)

34.7

139.0

64.1

0.8

Japanese Corporate Bonds

384.6

1,015.6

242.0

882.4

(143.0)(18.2)(8.3)(104.5)527.7

1,033.9

250.4

987.0

1,319.7

3,736.6

1,805.9

2,078.0

8.0(2,202.4)(295.9)(764.4)

1,311.6

5,939.1

2,101.8

2,842.5

9,429.8

17,621.2

2,820.0

883.2(3,055.6)(176.3)(1,397.2)(109.5)

12,485.4

17,797.6

4,217.2

992.8
5.0

Japanese Bonds
Japanese Government Bonds

Other

Mizuho BankJapanese Bonds

9,016.1

16,515.1

2,518.4-(2,910.2)(155.1)(1,392.0)(5.0)

11,926.4

16,670.2

3,910.4

Japanese Local Government Bonds

30.6

144.6

67.5

0.8

(3.9)

6.3

6.2

(0.0)

34.6

138.2

61.3

0.8

Japanese Corporate Bonds

382.9

961.5

234.1

882.4

(141.4)(27.6)(11.4)(104.5)

524.4

989.1

245.5

987.0

1,310.8

3,181.1

1,766.9

2,078.0

7.2(2,306.6)(289.0)(764.4)

1,303.5

5,487.7

2,056.0

2,842.5

279.3

829.9

215.6

-

3.3

519.4

(167.0)

-

275.9

310.5

382.7

-

277.5

775.0

205.0

-

5.0

510.0

(170.0)

-

272.5

265.0

375.0

-

Japanese Local Government Bonds

0.1

0.8

2.6

-

(0.0)

0.0

(0.1)

-

0.1

0.8

2.8

-

Japanese Corporate Bonds

1.7

54.1

7.9

-

(1.6)

9.4

3.0

-

3.3

44.7

4.9

-

8.9

555.5

38.9

-

0.7

104.1

(6.8)

-

8.1

451.3

45.8

-

Japanese Government Bonds

Other

Mizuho Trust & Banking
Japanese Bonds
Japanese Government Bonds

Other

18

Mizuho Financial Group, Inc.

8. Overview of Derivative Transactions Qualifying for Hedge Accounting
Non-Consolidated■Notional Amounts of Interest Rate Swaps (qualifying for hedge accounting (deferred method)) by Remaining Contractual Term
Aggregate Figures for the 2 Banks(Billions of yen)

As of September 30, 2013
Within1-5Over
1 yearyears
5 years

Change
1-5
Over
years
5 years

Within1 year

Total

Total

Within1 yearAs of March 31, 2013
1-5
Over
years
5 years

Total

Receive Fixed / Pay Float

4,504.3

14,581.5

5,804.4

24,890.3

16.7

1,651.5(735.7)932.4

4,487.6

12,930.0

6,540.1

23,957.8

Receive Float / Pay Fixed

498.3

2,090.0

4,044.9

6,633.3(597.6)(214.8)

1,548.2

735.7

1,096.0

2,304.8

2,496.7

5,897.5

Receive Float / Pay Float

10.0

113.1

-

123.1

(80.0)

33.1-(46.8)

90.0

80.0

-

170.0

Receive Fixed / Pay Fixed

-

-

-

-

-

-

-

-

-

-

-

-

5,012.6

16,784.7

9,849.3

31,646.8(660.9)1,469.8

812.5

1,621.4

5,673.6

15,314.8

9,036.8

30,025.4

Receive Fixed / Pay Float

4,499.3

14,451.5

5,719.4

24,670.3

11.7

1,521.5(535.7)997.4

4,487.6

12,930.0

6,255.1

23,672.8

Receive Float / Pay Fixed

498.3

2,055.0

3,943.4

6,496.7(557.6)(184.8)1,453.0

710.5

1,056.0

2,239.8

2,490.4

5,786.2

Receive Float / Pay Float

10.0

113.1

-

123.1

(80.0)

33.1-(46.8)

90.0

80.0

-

170.0

Total

Mizuho Bank

Receive Fixed / Pay Fixed

-

-

-

-

-

-

-

-

-

-

-

-

5,007.6

16,619.7

9,662.8

31,290.3(625.9)1,369.8

917.2

1,661.1

5,633.6

15,249.8

8,745.5

29,629.1

Receive Fixed / Pay Float

5.0

130.0

85.0

220.0

5.0

130.0

(200.0)(65.0)

-

-

285.0

285.0

Receive Float / Pay Fixed

-

35.0

101.5

136.5

(40.0)(30.0)

95.2

25.2

40.0

65.0

6.3

111.3

Receive Float / Pay Float

-

-

-

-

-

-

-

-

-

-

-

-

Receive Fixed / Pay Fixed

-

-

-

-

-

-

-

-

-

-

-

-

Total

5.0

165.0

186.5

356.5

(35.0)

100.0(104.7)(39.7)

40.0

65.0

291.3

396.3

Total

Mizuho Trust & Banking(Reference)
Deferred Hedge Gains/Losses of Derivative Transactions Qualifying for Hedge Accounting(Billions of yen)

As of September 30, 2013
Deferred Hedge Gains/Losses

ChangeDeferred Hedge Gains/Losses

As of March 31, 2013
Deferred Hedge Gains/Losses

Gains

Gains

Gains

Losses

Losses

LossesAggregate Figures

692.2

666.8

25.4

(53.6)

103.6(157.2)

745.8

563.1

182.7

Mizuho Bank

622.9

590.7

32.1

(50.9)

101.3(152.3)

673.9

489.4

184.5

Mizuho Trust & Banking

69.2

76.0

(6.7)

(2.6)

2.3

(4.9)

71.9

73.7

(1.7)

Note: Above figures reflect all derivative transactions qualifying for hedge accounting, and are before net of applicable income taxes.

19

Mizuho Financial Group, Inc.

9. Employee Retirement Benefits
Non-Consolidated
Projected Benefit Obligations(Millions of yen)First Half of
Fiscal 2013 *Aggregate Figures for the 2 Banks
Projected Benefit Obligations (at the beginning of the fiscal year)(A)

Discount Rate (%)

First Half of
Fiscal 2012

Change1,173,721(12,604)

1,186,325

1.7

-

1.7

Fair Value of Plan Assets (at the beginning of the fiscal year)(B)

1,388,176

178,055

1,210,121

Unrecognized Actuarial Differences (at the beginning of the fiscal year)(C)

179,404(211,545)

390,949

393,859(20,886)

414,745

Prepaid Pension Cost (at the beginning of the fiscal year)(B)+ (C) - (A)* Figures are the aggregate balances for former MHCB, former MHBK, and MHTB at the beginning of the fiscal year.

(Millions of yen)First Half of
Fiscal 2013 *Mizuho Bank
Projected Benefit Obligations (at the beginning of the fiscal year)(A)

Discount Rate (%)
Fair Value of Plan Assets (at the beginning of the fiscal year)
Unrecognized Actuarial Differences (at the beginning of the fiscal year)
Prepaid Pension Cost (at the beginning of the fiscal year)

1,040,412

First Half of
Fiscal 2012

Change(12,170)

1,052,582

1.7

-

1.7

(B)

1,239,020

161,247

1,077,772(C)

154,819(191,759)

346,578

353,427(18,342)

371,769

133,309(434)

133,743(B)+ (C) - (A)* Figures are the aggregate balances for former MHCB and former MHBK at the beginning of the fiscal year.

Mizuho Trust & Banking
Projected Benefit Obligations (at the beginning of the fiscal year)(A)

Discount Rate (%)
Fair Value of Plan Assets (at the beginning of the fiscal year)
Unrecognized Actuarial Differences (at the beginning of the fiscal year)
Prepaid Pension Cost (at the beginning of the fiscal year)

1.7

-

1.7

(B)

149,156

16,807

132,348(C)

24,584(19,786)

44,37040,431(2,544)42,976(B)+ (C) - (A)20

Mizuho Financial Group, Inc.

Income (Expenses) related to Employee Retirement Benefits(Millions of yen)First Half of
Fiscal 2013 *Aggregate Figures for the 2 Banks(10,596)(9,976)
16,519(8,960)(1,968)(14,983)

Service Cost
Interest Cost
Expected Return on Plan Assets
Accumulation (Amortization) of Unrecognized Actuarial Differences
Other
Total

First Half of
Fiscal 2012

Change

436
107
2,141
22,444
123
25,252(11,032)(10,083)
14,377(31,405)(2,091)(40,235)* Figures are the aggregate figures for former MHBK for the first quarter, former MHCB for the first quarter,
MHBK for the second quarter, and MHTB for the first half of fiscal 2013.

(Millions of yen)First Half of Fiscal 2013

Mizuho Bank

MHBK
(Apr. - Sep.) *Former MHBK
(Apr. - Jun.)(5,790)(5,863)9,626(5,063)(1,106)(8,197)(3,380)(2,979)5,057(2,637)(591)(4,531)Service Cost
Interest Cost
Expected Return on Plan Assets
Accumulation (Amortization) of Unrecognized Actuarial Differences
Other

Aggregate
Figures

Total* Figures are the aggregate figures for former MHCB for the first quarter and MHBK for the second quarter.

(9,170)(8,843)
14,684(7,700)(1,698)(12,728)(Millions of yen)First Half of
Fiscal 2013

Mizuho Trust & Banking(1,425)(1,133)
1,834(1,260)(270)(2,254)Service Cost
Interest Cost
Expected Return on Plan Assets
Accumulation (Amortization) of Unrecognized Actuarial Differences
Other
Total

First Half of
Fiscal 2012

Change

12
3
197
2,332
50
2,596

(1,437)(1,136)
1,637(3,593)(320)(4,850)(Millions of yen)First Half of
Fiscal 2013

Consolidated
Projected Benefit Obligations (at the beginning of the fiscal year)
Fair Value of Plan Assets (at the beginning of the fiscal year)
Unrecognized Actuarial Differences (at the beginning of the fiscal year)
Amount accumulated (amortized) during the period
Prepaid Pension Cost (at the beginning of the fiscal year)
Reserve for Employee Retirement Benefits (at the beginning of the fiscal year)

(A)
(B)
(C)
(D)

(A)-(B)-(C)+(D)ChangeFirst Half of
Fiscal 2012

1,326,443
1,512,741
193,916(10,584)
418,846
38,632(2,379)200,855(224,976)
22,949(19,161)
2,579

1,328,823
1,311,886
418,892(33,534)
438,008
36,053(22,969)

24,146(47,115)

Income (Expenses) related to Employee Retirement Benefits

21

Change

423
103
1,944
20,11272
22,656First Half of
Fiscal 2012

(9,594)(8,946)
12,740(27,812)(1,771)(35,385)

10. Capital Ratio (Basel III)

Mizuho Financial Group

Consolidated
As of September 30,
2013

International Standard (Basel III)
(1) Total Capital Ratio(2) Tier 1 Capital Ratio(3) Common Equity Tier 1 Capital Ratio(4) Total Capital(5) Tier 1 Capital(6) Common Equity Tier 1 Capital(7) Risk weighted Assets(8) Total Required Capital (7)X8%(%, Billions of yen)
As of March 31, 2013

Change

14.97
11.70

0.78
0.67

14.19
11.03

8.78
8,806.6
6,881.2

0.62
462.0
395.1

8.16
8,344.5
6,486.0

5,166.6
58,790.1

364.2
(0.4)

4,802.4
58,790.6

4,703.2(0.0)

4,703.2

Consolidated

Mizuho Bank

Non-Consolidated

As of September 30,
2013

As of March 31, 2013
Former MHBKFormer MHCB
(Reference)

As of September 30,
2013

International Standard (Basel III)
16.48
13.91
14.08
16.57
(1) Total Capital Ratio
13.02
11.04
10.13
12.93
(2) Tier 1 Capital Ratio
10.55
8.66
8.90
10.43
(3) Common Equity Tier 1 Capital Ratio
8,515.0
5,130.1
3,258.6
8,492.7(4) Total Capital
6,726.9
4,071.3
2,343.8
6,626.1(5) Tier 1 Capital
5,448.7
3,195.0
2,060.5
5,346.9(6) Common Equity Tier 1 Capital
51,643.2
36,873.8
23,128.6
51,231.4(7) Risk weighted Assets
4,131.4
2,949.9
1,850.2
4,098.5(8) Total Required Capital (7)X8%* Figures as of March 31, 2013 are on a basis in which distribution of all of the shares of Mizuho Securities to Mizuho Financial Group as a dividend
in kind (Former MHCB￥424.4 billion, Former MHBK￥125.7 billion) on April 1, 2013 is deducted from Common Equity Tier 1 Capital.
Consolidated

Mizuho Trust & Banking
International Standard (Basel III)
(1) Total Capital Ratio(2) Tier 1 Capital Ratio(3) Common Equity Tier 1 Capital Ratio(4) Total Capital(5) Tier 1 Capital(6) Common Equity Tier 1 Capital(7) Risk weighted Assets(8) Total Required Capital (7)X8%

Non-Consolidated

As of September 30,
2013

ChangeAs of March 31, 2013

As of September 30,
2013

18.60
14.43
14.43
482.8
374.8
374.8

1.39
1.19
1.19
35.3
30.6
30.6

17.21
13.24
13.24
447.5
344.2
344.2

18.67
14.51
14.51
479.1
372.5
372.5

2,595.7(3.9)

2,599.6

2,566.5

207.6

(0.3)

207.9

205.3

Mizuho Financial Group, Inc.

III. REVIEW OF CREDITS
1. Status of Non-Accrual, Past Due & Restructured Loans■The figures below are presented net of partial direct write-offs.
■Treatment of accrued interest is based on the results of the self-assessment of assets.
(All loans to obligors classified in the self-assessment of assets as Bankrupt Obligors, Substantially Bankrupt Obligors,
and Intensive Control Obligors are categorized as non-accrual loans.)

Consolidated(Millions of yen, %)As of September 30, 2013

As of March 31, 2013%

Change%Loans to Bankrupt Obligors
Non-Accrual Delinquent Loans
Loans Past Due for 3 Months or More
Restructured Loans
Total

19,468526,284
2,319
542,143
1,090,215

0.02

1.61

(14,220)(111,627)(1,148)(152,588)(279,585)

Total Loans

67,435,232

100.00(101,649)

0.78
0.00
0.80

%

(0.02)(0.16)(0.00)(0.22)(0.41)

33,688637,911
3,468
694,732
1,369,801

0.04

67,536,882

100.00

0.94
0.00
1.02
2.02

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs
214,522(18,209)
232,731

Trust Account
As of September 30, 2013

As of March 31, 2013%

Loans to Bankrupt Obligors
Non-Accrual Delinquent Loans
Loans Past Due for 3 Months or More
Restructured Loans
Total

-

%

3,052

16.66

(7)
(7)

18,312100.00

(802)

3,052

16.66

-

Total Loans

Change
-

-

%

-

-

3,060

0.65

-

0.65

16.01
-

3,060

16.01

19,114100.00Consolidated + Trust Account
As of September 30, 2013%

As of March 31, 2013

ChangeLoans to Bankrupt Obligors
Non-Accrual Delinquent Loans
Loans Past Due for 3 Months or More
Restructured Loans
Total

19,468529,3362,319
542,143
1,093,267

0.02

1.62

(14,220)(111,634)(1,148)(152,588)(279,593)

Total Loans

67,453,545

100.00(102,452)

0.78
0.00
0.80

%
(0.02)(0.16)(0.00)(0.22)(0.41)* Trust account denotes trust accounts with contracts indemnifying the principal amounts.

23%

33,688640,9713,468
694,732
1,372,861

0.04

67,555,997

100.00

0.94
0.00
1.02
2.03

Mizuho Financial Group, Inc.

Non-Consolidated(Millions of yen, %)Aggregate Figures for the 2 Banks%(Banking Account + Trust Account)

Loans to Bankrupt Obligors
Non-Accrual Delinquent Loans
Loans Past Due for 3 Months or More
Restructured Loans
Total
Total Loans

As of March 31, 2013

As of September 30, 2013

Change%16,201
508,5412,307
439,978
967,029

0.02

1.42

(14,502)(115,056)(1,149)(137,361)(268,069)

68,051,001

100.00843,706

0.74
0.00
0.64

%

(0.02)(0.18)(0.00)(0.21)(0.41)

30,703
623,597
3,456
577,340
1,235,098

0.04

67,207,294

100.00

0.92
0.00
0.85
1.83

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs
189,707(19,135)
208,842

Mizuho Bank
Loans to Bankrupt Obligors
Non-Accrual Delinquent Loans
Loans Past Due for 3 Months or More
Restructured Loans
Total
Total Loans

16,143490,8192,306
433,038
942,307

0.02

1.45

(14,470)(112,518)(1,062)(135,418)(263,469)

64,708,374

100.001,246,295

0.75
0.00
0.66

(0.02)(0.19)(0.00)(0.22)(0.44)

30,613603,337
3,368
568,457
1,205,776

0.04

63,462,079

100.00

0.95
0.00
0.89
1.89

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs
186,049(19,573)
205,623

Mizuho Trust & Banking(Banking Account)

Loans to Bankrupt Obligors
Non-Accrual Delinquent Loans
Loans Past Due for 3 Months or More
Restructured Loans
Total
Total Loans

58
14,6691
6,940
21,669

0.00

0.65

(32)
(2,530)(86)(1,943)(4,592)

3,324,314

100.00(401,785)

0.44
0.00
0.20

(0.00)(0.02)(0.00)(0.02)(0.05)

90
17,19988
8,883
26,261

0.00

3,726,100

100.00

0.46
0.00
0.23
0.70

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs
3,657
438
3,218
(Trust Account)

Loans to Bankrupt Obligors
Non-Accrual Delinquent Loans
Loans Past Due for 3 Months or More
Restructured Loans
Total
Total Loans

-

3,052

16.66

(7)
(7)

18,312100.00

(802)

3,052

16.66

-

-

* Trust account denotes trust accounts with contracts indemnifying the principal amounts.

24

-

-

3,060

0.65

-

0.65

16.01
-

3,060

16.01

19,114100.00Mizuho Financial Group, Inc.

2. Status of Reserves for Possible Losses on Loans
Consolidated(Millions of yen)
As of September 30, 2013

As ofMarch 31, 2013

ChangeReserves for Possible Losses on Loans

645,063
433,365
210,623
1,074

General Reserve for Possible Losses on Loans
Specific Reserve for Possible Losses on Loans
Reserve for Possible Losses on Loans to Restructuring Countries(94,927)(69,651)(25,292)16

739,990503,017
235,915
1,058

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.

Amount of Partial Direct Write-offs

248,602(21,786)

Non-Consolidated

270,388(Millions of yen)
As of September 30, 2013

Aggregate Figures for the 2 Banks

As ofMarch 31, 2013

ChangeReserves for Possible Losses on Loans

551,706
385,760
164,872
1,074

General Reserve for Possible Losses on Loans
Specific Reserve for Possible Losses on Loans
Reserve for Possible Losses on Loans to Restructuring Countries(94,315)(70,781)(23,550)16

646,022456,541
188,423
1,058

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.

Amount of Partial Direct Write-offs

223,024(22,652)

245,677

536,748374,538
161,135
1,074(92,470)(70,594)(21,891)16

629,218
445,132
183,027
1,057

Mizuho Bank
Reserves for Possible Losses on Loans
General Reserve for Possible Losses on Loans
Specific Reserve for Possible Losses on Loans
Reserve for Possible Losses on Loans to Restructuring Countries

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.

Amount of Partial Direct Write-offs

218,835(23,124)

241,959

14,958
11,2213,736
0(1,845)(186)(1,658)(0)

16,804
11,4085,3950Mizuho Trust & Banking
Reserves for Possible Losses on Loans
General Reserve for Possible Losses on Loans
Specific Reserve for Possible Losses on Loans
Reserve for Possible Losses on Loans to Restructuring Countries

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.

Amount of Partial Direct Write-offs

4,189

471

3,717

* Reserve for Possible Losses on Entrusted Loans (\ 55 million and \ 66 million for September 30, 2013 and March 31, 2013 respectively) is notincluded in the above figures for Trust Account.

25

Mizuho Financial Group, Inc.

3. Reserve Ratios for Non-Accrual, Past Due & Restructured Loans
Consolidated(%)
As of September 30, 2013

As ofMarch 31, 2013

ChangeMizuho Financial Group

59.16

5.14

54.02

* Above figures are presented net of partial direct write-offs.

Non-Consolidated(%)
As of September 30, 2013

As ofMarch 31, 2013

Change

Total

57.23

4.79

52.43

Mizuho Bank

56.96

4.77

52.18

Mizuho Trust & Banking (Banking Account)

69.03

5.04

63.98

* Above figures are presented net of partial direct write-offs.

26

Mizuho Financial Group, Inc.

4. Status of Disclosed Claims under the Financial Reconstruction Law ("FRL")
Consolidated(Millions of yen)

As of September 30, 2013

As ofMarch 31, 2013

ChangeClaims against Bankrupt and Substantially Bankrupt Obligors

146,095

Claims with Collection Risk
Claims for Special Attention

Total(29,366)

175,461

464,696(99,066)

563,763544,513(153,750)

698,263

1,155,305(282,182)

1,437,488

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs

247,931(21,805)

269,736

Trust Account
As of September 30, 2013

As ofMarch 31, 2013

Change-Claims against Bankrupt and Substantially Bankrupt Obligors

3,052

Claims with Collection Risk

-

(7)

3,060

-

-

-

3,052

(7)

3,060

Claims for Special Attention

Total

-

Consolidated + Trust Account
As of September 30, 2013
ChangeAs ofMarch 31, 2013

Claims against Bankrupt and Substantially Bankrupt Obligors

146,095(29,366)

175,461

Claims with Collection Risk

467,749(99,074)

566,823544,513(153,750)

698,263

1,158,358(282,190)

1,440,548

Claims for Special Attention

Total* Trust account denotes trust accounts with contracts indemnifying the principal amounts.

27

Mizuho Financial Group, Inc.

Non-Consolidated(Millions of yen, %)Aggregate Figures for the 2 Banks(Banking Account + Trust Account)

As of March 31, 2013

As of September 30, 2013%

Claims against Bankrupt and Substantially Bankrupt Obligors
Claims with Collection Risk
Claims for Special Attention

Sub-total
Normal Claims
Total

%

Change131,0460.17

452,740
442,336
1,026,123
74,842,132
75,868,256

0.59
0.58
1.35
98.64
100.00%(28,134)(0.03)

159,1810.21(100,557)(138,523)(267,215)
548,537
281,322(0.13)

553,297580,860
1,293,339
74,293,594
75,586,934

0.73(0.18)(0.35)
0.35

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs
222,668(22,686)

0.76
1.71
98.28
100.00245,354

Mizuho Bank
Claims against Bankrupt and Substantially Bankrupt Obligors

100,9900.13(27,899)(0.04)

128,889

0.17

Claims with Collection Risk

0.60

(98,212)(136,480)(262,592)(0.14)

Normal Claims
Total

71,443,109
72,416,213

98.65

950,895
688,303

0.37

534,980
571,825
1,235,695
70,492,213
71,727,909

0.74

Sub-total

436,768
435,344
973,103

Claims for Special Attention

0.60
1.34

100.00(0.19)(0.37)

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs
218,835(23,124)

0.79
1.72
98.27
100.00241,959

Mizuho Trust & Banking(Banking Account)
Claims against Bankrupt and Substantially Bankrupt Obligors
Claims with Collection Risk
Claims for Special Attention

Sub-total
Normal Claims
Total

30,056

0.87

(235)

0.08

30,292

0.78

12,918
6,991
49,967
3,383,763
3,433,730

0.37(2,337)(2,042)(4,615)(401,563)(406,179)(0.02)

15,256
9,034
54,583
3,785,326
3,839,910

0.39

0.20
1.45
98.54
100.00(0.03)
0.03(0.03)

Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs
3,832
438

0.23
1.42
98.57
100.003,394(Trust Account)-

Claims against Bankrupt and Substantially Bankrupt Obligors

3,052

Claims with Collection Risk

16.66

-

Claims for Special Attention

Sub-total--

3,052 16.66
15,259 83.33
18,312 100.00* Trust account denotes trust accounts with contracts indemnifying the principal amounts.
Normal Claims
Total

28

(7)
(7)
(794)
(802)

-

0.65

3,060

0.65
(0.65)

16.01

3,060
16,054
19,114

-

16.01
83.98
100.00Mizuho Financial Group, Inc.

5. Coverage on Disclosed Claims under the FRL

Non-Consolidated(1) Disclosed Claims under the FRL and Coverage Amount(Billions of yen)
As of September 30, 2013

Aggregate Figures for the 2 Banks (Banking Account)

As ofMarch 31, 2013

Change131.0(28.1)

159.1

Collateral, Guarantees, and equivalent

116.1(21.1)

137.2

Reserve for Possible Losses

14.9

(7.0)

21.9

Claims against Bankrupt and Substantially Bankrupt Obligors

449.6(100.5)550.2

Collateral, Guarantees, and equivalent

211.5(71.4)

283.0

Reserve for Possible Losses

162.1(16.5)

178.6

Claims for Special Attention

442.3(138.5)

580.8

170.8

(51.9)

222.8

Claims with Collection Risk

Collateral, Guarantees, and equivalent

69.8(42.3)

112.2

1,023.0(267.2)

1,290.2

Collateral, Guarantees, and equivalent

498.5(144.5)643.1

Reserve for Possible Losses

246.9(65.9)

312.8

Reserve for Possible Losses

Total

Mizuho Bank
Claims against Bankrupt and Substantially Bankrupt Obligors
Collateral, Guarantees, and equivalent

100.9(27.8)

128.8

98.5

(20.9)

119.4

Reserve for Possible Losses

2.4

(6.9)

9.3

Claims with Collection Risk

436.7

(98.2)

534.9

Collateral, Guarantees, and equivalent

202.9(71.0)

274.0

Reserve for Possible Losses

158.4(14.9)

173.4

Claims for Special Attention

435.3(136.4)

571.8

168.7

(51.5)

220.2

Collateral, Guarantees, and equivalent

68.7(42.0)

110.8

973.1

(262.5)

1,235.6

Collateral, Guarantees, and equivalent

470.2(143.5)

613.7

Reserve for Possible Losses

229.6(63.9)

293.6

30.0

(0.2)

30.2

Collateral, Guarantees, and equivalent

17.6

(0.1)

17.7

Reserve for Possible Losses

12.4

(0.0)

12.5

Claims with Collection Risk

12.9

(2.3)

15.2

Collateral, Guarantees, and equivalent

8.6

(0.3)

9.0

Reserve for Possible Losses

3.6

(1.6)

5.2

Claims for Special Attention

6.9

(2.0)

9.0

Collateral, Guarantees, and equivalent

2.0

(0.4)

2.5

Reserve for Possible Losses

1.1

(0.2)

1.4

Reserve for Possible Losses

Total

Mizuho Trust & Banking(Banking Account)
Claims against Bankrupt and Substantially Bankrupt Obligors

49.9

(4.6)

54.5

Collateral, Guarantees, and equivalent

28.3

(0.9)

29.3

Reserve for Possible Losses

17.2

(1.9)

19.2

Total

(Reference) Trust Account
-

-

-

-

-

-

Claims against Bankrupt and Substantially Bankrupt Obligors
Collateral, Guarantees, and equivalent

Claims with Collection Risk
Collateral, Guarantees, and equivalent

3.0

(0.0)

3.0

3.0

(0.0)

3.0

Claims for Special Attention

-

-

-

-

-

-

Collateral, Guarantees, and equivalent

Total
Collateral, Guarantees, and equivalent* Trust account denotes trust accounts with contracts indemnifying the principal amounts.

29

3.0

(0.0)

3.0

3.0

(0.0)

3.0

Mizuho Financial Group, Inc.

(2) Coverage Ratio(Billions of yen)
As of September 30, 2013

Aggregate Figures for the 2 Banks (Banking Account)

As ofMarch 31, 2013

ChangeCoverage AmountReserves for Possible Losses on Loans
Collateral, Guarantees, and equivalent

745.4
246.9
498.5

(210.5)(65.9)(144.5)

956.0
312.8
643.1

Coverage Ratio
Claims against Bankrupt and Substantially Bankrupt Obligors
Claims with Collection Risk
Claims for Special Attention
Claims against Special Attention Obligors

72.9
100.0
83.1
54.4
57.6

(1.2)
(0.8)
(3.2)
(0.6)

74.1
100.0
83.9
57.6
58.3

Reserve Ratio against Non-collateralized Claims
Claims against Bankrupt and Substantially Bankrupt Obligors
Claims with Collection Risk
Claims for Special Attention
Claims against Special Attention Obligors

100.0
68.0
25.7
28.7

1.2
(5.6)
(3.1)

100.0
66.8
31.3
31.9

(Reference) Reserve Ratio
Claims against Special Attention Obligors
Claims against Watch Obligors excluding Special Attention Obligors
Claims against Normal Obligors

17.11
6.89
0.11

(2.48)
0.61(0.00)

19.59
6.27
0.11

Coverage AmountReserves for Possible Losses on Loans
Collateral, Guarantees, and equivalent

699.9
229.6
470.2

(207.5)(63.9)(143.5)

907.4
293.6
613.7

Coverage Ratio
Claims against Bankrupt and Substantially Bankrupt Obligors
Claims with Collection Risk
Claims for Special Attention
Claims against Special Attention Obligors

71.9
100.0
82.7
54.5
58.0

(1.5)
(0.8)
(3.3)
(0.6)

73.4
100.0
83.6
57.9
58.7

Reserve Ratio against Non-collateralized Claims
Claims against Bankrupt and Substantially Bankrupt Obligors
Claims with Collection Risk
Claims for Special Attention
Claims against Special Attention Obligors

100.0
67.7
25.8
29.0

1.3
(5.7)
(3.2)

100.0
66.4
31.5
32.2

(Reference) Reserve Ratio
Claims against Special Attention Obligors
Claims against Watch Obligors excluding Special Attention Obligors
Claims against Normal Obligors

17.14
6.92
0.11

(2.54)
0.60(0.00)

19.68
6.31
0.11

(%)

(%)

(%)

(Billions of yen)Mizuho Bank

(%)

(%)

(%)

(Billions of yen)Mizuho Trust & Banking (Banking Account)
Coverage AmountReserves for Possible Losses on Loans
Collateral, Guarantees, and equivalent

45.5
17.2
28.3

(2.9)
(1.9)
(0.9)

48.5
19.2
29.3

Coverage Ratio
Claims against Bankrupt and Substantially Bankrupt Obligors
Claims with Collection Risk
Claims for Special Attention
Claims against Special Attention Obligors

91.2
100.0
95.3
45.9
41.1

2.2
1.4
2.0
0.2

88.9
100.0
93.8
43.8
40.9

Reserve Ratio against Non-collateralized Claims
Claims against Bankrupt and Substantially Bankrupt Obligors
Claims with Collection Risk
Claims for Special Attention
Claims against Special Attention Obligors

100.0
85.8
22.7
21.3

0.8
0.9
0.3

100.0
84.9
21.7
20.9

(Reference) Reserve Ratio
Claims against Special Attention Obligors
Claims against Watch Obligors excluding Special Attention Obligors
Claims against Normal Obligors

15.94
5.84
0.09

0.27
0.99
(0.00)

15.67
4.85
0.09

(%)

(%)

30

(%)

Mizuho Financial Group, Inc.

6. Overview of Non-Performing Loans ("NPLs")
Non-Consolidated
Aggregate Figures for the 2 Banks (Banking Account)(Billions of yen)

2.

3.

Disclosed Claims under
the Financial
Reconstruction Law

Non-Accrual, Past Due& Restructured Loans

1.
SELF-ASSESSMENT
Categorization
Non-Categorization

ObligorCategory II

Bankrupt and Substantially Bankrupt
Obligors
131.0
131.0

Category III

Category IV

Reserve
Ratio
100%

DirectWrite-offs

Collateral, Guarantees, etc.: 116.1
Reserves for Possible Losses: 14.9

Claims against Bankrupt
and Substantially
Bankrupt Obligors
131.0

16.2

Coverage Ratio
100%

Intensive Control Obligors
449.6

Loans to Bankrupt
Obligors

373.7

Non-Accrual
Delinquent Loans

75.9

Reserve
Ratio
68.0%

Collateral, Guarantees, etc.:
211.5
Reserves for Possible Losses: 162.1

Amounts forreserves arerecorded under
NonCategorization

Claims with Collection
Risk
449.6
Coverage Ratio

505.4

83.1%
59.0 (Note 2)

Watch Obligors
Claims for Special
Attention

Reserve Ratio against
Uncovered Portion
25.7%

Claims for Special
Attention (Note 1)

Loans Past Due for 3
Months or More
2.3

442.3
Collateral, Guarantees, etc.:
170.8
Reserves for Possible Losses: 69.8

442.3

Restructured Loans

Coverage Ratio
54.4%

439.9

（Note 2）

Special Attention Obligors
Total Coverage Ratio
72.9%

Other Watch Obligors

Claims against Special Attention Obligors-Coverage Ratio: 57.6%-Reserve Ratio for Uncovered Portion: 28.7%-Reserve Ratio against Total Claim: 17.1%

Normal Obligors

Reserve Ratio against Total Claims
・Other Watch Obligors 6.89%
・Normal Obligors
0.11%

Total

Total
1,023.0

75,849.9

Notes: 1.

2.

Total
963.9

Claims for Special Attention is denoted on an individual loans basis.
Claims against Special Attention Obligors includes all claims, not limited to Claims for Special Attention.
The difference between total Non-Accrual, Past Due & Restructured Loans and total Disclosed Claims under the FRL represents the amount ofclaims other than loans included in Disclosed Claims under the FRL.

31

Mizuho Financial Group, Inc.

7. Results of Removal of NPLs from the Balance Sheet
Non-Consolidated(1) Outstanding Balance of Claims against Bankrupt and Substantially Bankrupt Obligors and Claims with Collection Risk
(under the FRL)
Aggregate Figures for the 2 Banks (Banking Account + Trust Account)(Billions of yen)
Fiscal 2010
As of March
31, 2011

Fiscal 2011
As of March
31, 2012

Fiscal 2013

Fiscal 2012
As of March
31, 2013

As of September 30, 2013

MHBK

MHTB *

Aggregate
Figures forthe 2 Banks

Change fromMarch 31,2013

Amount Categorized as above up to Fiscal 2010

784.6

440.6

319.4

226.1

36.0

262.2

(57.2)of which the amount which was in the process of being
removed from the balance sheet

177.3

71.6

43.5

34.4

0.8

35.3

(8.2)

Amount Newly Categorized as above during Fiscal 2011

237.9

119.6

74.8

0.8

75.6

(43.9)of which the amount which was in the process of being
removed from the balance sheet

42.0

25.8

7.7

0.3

8.0

(17.7)

273.3

165.5

5.3

170.8

(102.5)

25.1

14.6

0.2

14.9

(10.2)

71.2

3.7

75.0

75.0

16.6

0.2

16.8

16.8

Amount Newly Categorized as above during Fiscal 2012of which the amount which was in the process of being
removed from the balance sheet
Amount Newly Categorized as above during the First Half of
Fiscal 2013of which the amount which was in the process of being
removed from the balance sheet
Totalof which the amount which was in the process of being
removed from the balance sheet

784.6

678.6

712.4

537.7

46.0

583.7

(128.6)

177.3

113.6

94.5

73.4

1.7

75.2

(19.3)* Trust account denotes trust accounts with contracts indemnifying the principal amounts.
denotes newly categorized amounts.
*(2) Breakdown of Reasons for Removal of NPLs from the Balance Sheet in the First Half of Fiscal 2013
(Billions of yen)
Aggregate Figures
for the 2 Banks(Banking Account+ Trust Account)
Liquidation
Restructuring
Improvement in Business Performance due to Restructuring
Loan Sales
Direct Write-off
Other
Debt recovery
Improvement in Business Performance
Total

MHTB
(Banking Account+ Trust Account)

MHBK *(21.1)(1.1)(2.1)(37.4)
17.8(159.6)(57.8)(101.7)(203.7)(21.1)(1.1)(2.1)(37.4)
18.5(154.0)(56.3)(97.6)(197.4)* Figures are the aggregate figures for former MHBK for the first quarter, former MHCB for the first quarter, and MHBK for the second quarter.

32

(0.0)
(0.7)
(5.5)
(1.5)
(4.0)
(6.3)

Mizuho Financial Group, Inc.

8. Status of Loans by Industry(1) Outstanding Balances and Non-Accrual, Past Due & Restructured Loans by Industry

Non-Consolidated
Aggregate Figures for the 2 Banks (Banking Account + Trust Account)(Billions of yen)
As of September 30, 2013
Outstanding
Balance

Domestic Total (excluding Loans
Booked Offshore)

As of March 31, 2013
ChangeNon-Accrual,
Past Due &Restructured
Loans

Outstanding
Balance

Outstanding
Balance

Non-Accrual,
Past Due &Restructured Loans

Non-Accrual,
Past Due &Restructured
Loans56,560.3

856.9(177.1)(258.0)56,737.5

1,115.0

7,720.2

169.6

53.0

(121.6)

7,667.2

291.2

Agriculture & Forestry

35.2

0.2

0.2

(0.0)

34.9

0.3

Fishery

2.1

0.4

0.0

-

2.1

0.4

Mining, Quarrying Industry &Gravel Extraction Industry

229.4

0.0

13.3

(0.0)

216.0

0.0

Construction

779.4

32.2

(32.6)

(3.1)

812.1

35.4

Utilities

2,210.4

3.4

82.3

(1.0)

2,128.1

4.5

Communication

1,183.3

10.5

195.2

(9.3)

988.0

19.8

Transportation & Postal Industry

2,474.7

31.6(154.0)(74.1)

2,628.8

105.7

Wholesale & Retail

4,761.6

135.8(76.3)(15.0)

4,838.0

150.8

Finance & Insurance

6,043.9

12.2(195.6)(1.5)

6,239.5

13.8

Real Estate

6,471.6

104.7(141.2)(81.6)

6,612.9

186.4

Commodity Lease

1,547.8

2.0(14.4)(0.1)

1,562.2

2.2

Service Industries

2,428.2

78.1

19.4

(6.4)

2,408.7

84.6

Local Governments

1,174.2

2.9(51.0)(0.0)

1,225.2

2.9

Governments

5,588.1(1.7)-

5,589.8

Other

13,909.5

272.6

126.3

56.4

13,783.2

216.2

12,500.2

110.0

1,065.9(10.0)

11,434.2

120.0

Manufacturing

Overseas Total (including Loans
Booked Offshore)
Governments

-

-

555.3

-

207.6

-

347.6

-

Financial Institutions

4,328.9

-

225.9

-

4,103.0-

Other

7,615.9

110.0

632.3

(10.0)

6,983.5

120.0

69,060.5

967.0

888.8

(268.0)68,171.7

1,235.0

Total* Loans to Finance & Insurance sector includes loans to MHFG as follows
As of September 30, 2013: \ 478.8 billion
As of March 31, 2013: \ 646.9 billion* Amounts of Outstanding Balances are the aggregate figures for banking and trust accounts, and amounts of Non-Accrual, Past Due & Restructured
Loans are the aggregate figures for banking and trust accounts with contracts indemnifying the principal amounts.

33

Mizuho Financial Group, Inc.

(Billions of yen)
As of September 30, 2013
Outstanding
BalanceMizuho Bank
Domestic Total(excluding Loans Booked Offshore)
Manufacturing
Agriculture & Forestry
Fishery
Mining, Quarrying Industry &Gravel Extraction Industry
Construction
Utilities
Communication
Transportation & Postal Industry
Wholesale & Retail
Finance & Insurance
Real Estate
Commodity Lease
Service Industries
Local Governments
Governments
Other
Overseas Total(including Loans Booked Offshore)
Governments
Financial Institutions
Other
Total

As of March 31, 2013
ChangeNon-Accrual,
Past Due &Restructured
Loans

Outstanding
Balance

Non-Accrual,
Past Due &Restructured Loans

Outstanding
Balance

Non-Accrual,
Past Due &Restructured
Loans

52,214.3

832.2

180.2

(253.4)52,034.0

1,085.7

7,142.6
35.2
2.1

165.7
0.2
0.4

30.5
0.2
0.0

(120.1)(0.0)-

7,112.0
34.9
2.1

285.8
0.3
0.4

226.8

0.0

13.9

(0.0)

212.9

0.0

728.1
1,965.3
1,106.0
2,266.6
4,603.2
5,492.4
5,419.4
1,345.3
2,356.5
1,147.4
5,412.8
12,963.8

32.1
3.4
10.5
31.6
135.4
12.2
92.5
2.0
78.0

(3.1)
(1.0)
(8.9)
(74.1)(14.4)(1.5)(79.7)
(0.1)
(6.2)
56.3

755.9
1,889.8923.8
2,413.5
4,675.8
5,722.9
5,556.5
1,345.7
2,338.7
1,196.8
4,989.9
12,862.0

35.3
4.5
19.4
105.7
149.8
13.8
172.3
2.2
84.3

267.8

(27.8)
75.4
182.1(146.8)(72.5)(230.4)(137.1)(0.4)
17.8(49.3)
422.8
101.8

211.4

12,494.0

110.0

1,066.0(10.0)

11,427.9

120.0

207.7
225.9
632.3
1,246.2(10.0)(263.4)347.0
4,103.0
6,977.8
63,462.0

554.7
4,328.9
7,610.2
64,708.3

-

110.0
942.3

-

120.0
1,205.7

Mizuho Trust & Banking (Banking Account + Trust Account)
Domestic Total
4,345.9
24.7(357.4)(4.6)
4,703.4
29.3(excluding Loans Booked Offshore)
Manufacturing
577.6
3.8
22.4
(1.5)
555.1
5.4
0.0
(0.0)
0.0
Agriculture & Forestry
Fishery
Mining, Quarrying Industry &
2.5
(0.5)
3.1
Gravel Extraction Industry
Construction
51.3
0.1
(4.8)
(0.0)
56.1
0.1
245.0
6.8
238.2
Utilities
77.2
13.1
(0.4)
64.1
0.4
Communication
208.1
0.0
(7.2)
(0.0)
215.3
0.0
Transportation & Postal Industry
158.4
0.4
(3.7)
(0.5)
162.2
1.0
Wholesale & Retail
551.4
34.8
516.6
Finance & Insurance
1,052.1
12.2
(4.1)
(1.8)
1,056.3
14.1
Real Estate
202.5(13.9)
216.5
Commodity Lease
71.6
0.1
1.6
(0.2)
70.0
0.3
Service Industries
26.7
2.9
(1.6)
(0.0)
28.4
2.9
Local Governments
175.2(424.5)599.8
Governments
Other
945.7
4.8
24.5
0.0
921.2
4.7
Overseas Total
6.1
(0.0)
6.2
(including Loans Booked Offshore)
Governments
0.5
(0.0)
0.5
Financial Institutions
Other
5.6
0.0
5.6
Total
4,352.1
24.7(357.4)(4.6)
4,709.6
29.3* Amounts of Outstanding Balances are the aggregate figures for banking and trust accounts, and amounts of Non-Accrual, Past Due & Restructured
Loans are the aggregate figures for banking and trust accounts with contracts indemnifying the principal amounts.

34

Mizuho Financial Group, Inc.

(2) Disclosed Claims under the FRL and Coverage Ratio by Industry
Non-Consolidated
Aggregate Figures for the 2 Banks (Banking Account + Trust Account)(Billions of yen, %)As of September 30, 2013

As of March 31, 2013
ChangeDisclosed Claims
under the FRL

Coverage Ratio

Disclosed Claims
under the FRL

Coverage Ratio

900.0

73.2

(261.6)(2.2)

1,161.6

75.4

172.1

65.1

(124.3)

(7.7)

296.5

72.9

Agriculture & Forestry

0.2

29.0

(0.0)

(11.4)

0.3

40.4

Fishery

0.4

26.9

-

(2.2)

0.4

29.1

Mining, Quarrying Industry &Gravel Extraction Industry

0.0

100.0

(0.0)

-

0.0

100.0

Construction

32.3

80.4

(3.2)

5.5

35.6

74.9

Utilities

3.4

62.6

(1.0)

8.8

4.5

53.8

Communication

10.7

61.4

(9.4)

4.2

20.1

57.1

Transportation & Postal Industry

31.7

60.6

(74.3)(12.7)

106.0

73.3

Wholesale & Retail

141.7

60.4

(17.0)

(1.0)

158.8

61.5

Finance & Insurance

12.2

19.6

(1.5)

(0.0)

13.8

19.6

Real Estate

104.9

87.3

(81.8)

(3.4)

186.7

90.7

Commodity Lease

2.0

66.5

(0.1)

(5.5)

2.2

72.1

Service Industries

78.8

66.5

(6.1)

(0.4)

85.0

66.9

Local Governments

31.2

100.0

(0.0)

-

31.2

100.0

Other

277.7

82.0

57.7

(0.6)

220.0

82.7

126.0

70.7

(5.6)

8.3

131.6

62.4

Domestic Total(excluding Loans Booked Offshore)
Manufacturing

Overseas Total(including Loans Booked Offshore)

Disclosed Claims
under the FRL

Coverage Ratio

Governments

-

-

-

-

-

-

Financial Institutions

-

-

-

-

-

-

Other
Total

126.0

70.7

(5.6)

8.3

131.6

62.4

1,026.1

72.9(267.2)(1.2)

1,293.3

74.1* Trust account denotes trust accounts with contracts indemnifying the principal amounts.
35

Mizuho Financial Group, Inc.

9. Housing and Consumer Loans & Loans to Small and Medium-Sized
Enterprises ("SMEs") and Individual Customers(1) Balance of Housing and Consumer Loans
Non-Consolidated(Billions of yen)

Aggregate Figures for the 2 Banks(Banking Account + Trust Account)

As of September 30, 2013

As ofMarch 31, 2013

ChangeHousing and Consumer Loans
Housing Loans for owner's residential housing

11,999.8
10,338.4(186.6)(158.6)

12,186.5
10,497.0

11,820.0
10,834.2
10,179.4
985.7(172.2)(200.4)(146.5)28.1

11,992.2
11,034.6
10,326.0
957.5

179.7
158.9

(14.4)(12.0)

194.2
171.0

Mizuho Bank
Housing and Consumer Loans
Housing Loansfor owner's residential housing
Consumer loans
Mizuho Trust & Banking (Banking Account + Trust Account)
Housing and Consumer Loans
Housing Loans for owner's residential housing* Above figures are aggregate banking and trust account amounts.

(2) Loans to SMEs and Individual Customers
Non-Consolidated(%, Billions of yen)

Aggregate Figures for the 2 Banks(Banking Account + Trust Account)

As of September 30, 2013

As ofMarch 31, 2013

ChangePercentage of Loans to SMEs and Individual Customers, of Total Domestic Loans
Loans to SMEs and Individual Customers

56.3

0.0

56.3

31,879.2(84.0)

31,963.2

56.9

(0.4)

57.3

29,727.1(122.0)29,849.1

49.5

4.5

44.9

2,152.0

38.0

2,114.0

Mizuho Bank
Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans
Loans to SMEs and Individual Customers

Mizuho Trust & Banking (Banking Account + Trust Account)
Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans
Loans to SMEs and Individual Customers* Above figures are aggregate banking and trust account amounts.
* Above figures do not include loans booked at overseas offices and offshore loans.
* The definition of "Small and Medium-sized Enterprises" is as follows:Enterprises of which the capital is \300 million or below (\100 million or below for the wholesale industry, and \50 million or below for the retail,restaurant and commodity lease industries etc.), or enterprises with full-time employees of 300 or below (100 or below for the wholesale andcommodity lease industries etc., 50 or below for the retail and restaurant industries.)

36

Mizuho Financial Group, Inc.

10. Status of Loans by Region
Non-Consolidated
Aggregate Figures for the 2 Banks (Banking Account + Trust Account)(Billions of yen)

As of September 30, 2013

As of March 31, 2013
ChangeOutstanding
Balance

Non-Accrual,
Past Due andRestructured Loans

Outstanding
Balance

Non-Accrual,
Past Due andRestructured Loans

Outstanding
Balance

Non-Accrual,
Past Due andRestructured Loans

4,803.3

27.9

852.9

(1.2)

3,950.4

29.1

Hong Kong

1,082.5

4.1

270.9

(0.7)

811.5

4.9

South Korea

690.3

1.3

151.1

(0.0)

539.2

1.4

Singapore

702.2

11.5

90.9

(0.3)

611.3

11.9

Thailand

657.1

0.2

72.4

(0.6)

584.6

0.8

Central and South America

3,329.5

169.5

96.8

(0.3)

3,232.7

169.9

North America

3,488.3

0.6

147.1

(3.6)

3,341.2

4.2

Eastern Europe

25.1

-

0.5

(0.4)

24.6

0.4

Western Europe

2,513.5

40.0(73.4)(9.8)

2,587.0

49.9

Other

1,281.7

13.1

19.2

1.8

1,262.5

11.3

15,441.8

251.3

1,043.2(13.6)

14,398.5

265.0

Asia

Total

37

Mizuho Financial Group, Inc.

IV. OTHERS
1. Breakdown of Deposits (Domestic Offices)
Non-Consolidated(Billions of yen)
As of September 30, 2013
Aggregate Figures for the 2 Banks
Deposits

As ofMarch 31, 2013

ChangeIndividual Deposits
Corporate Deposits
Financial/Government Institutions

Mizuho Bank
Deposits
Individual Deposits
Corporate Deposits
Financial/Government Institutions
Mizuho Trust & Banking
Deposits
Individual Deposits
Corporate Deposits
Financial/Government Institutions

75,306.6
38,271.6
32,096.0
4,938.9

852.6
491.0
662.1
(300.5)74,453.9
37,780.5
31,433.8
5,239.4

73,440.0
36,992.5
31,579.2
4,868.3

945.3
561.1
693.9
(309.7)72,494.7
36,431.4
30,885.2
5,178.1

1,866.5
1,279.1
516.8
70.5(92.6)(70.0)(31.8)
9.2

1,959.1
1,349.1
548.6
61.3* Above figures do not include deposits booked at overseas offices and offshore deposits.
* Deposits does not include Negotiable Certificates of Deposit.

38

Mizuho Financial Group, Inc.

2. Number of Directors and Employees
Aggregate Figures for Mizuho Financial Group, Inc.
and the 2 Banks

As of September 30, 2013

As ofMarch 31, 2013

Change33
91
31,032

Members of the Board of Directors and Auditors
Executive Officers (excluding those doubling as directors)

1
290

Employees (excluding Executive Officers)* The numbers have been adjusted for Members of the Board of Directors and Auditors and Executive Officers doublingother positions.

32
91
30,742

Mizuho Financial Group, Inc. (Non-Consolidated)
As of September 30, 2013

Mizuho Financial Group, Inc.

As of
March 31, 2013

Change

17
37
1,074

Members of the Board of Directors and Auditors
Executive Officers (excluding those doubling as directors)
Employees (excluding Executive Officers)

3
26
13

14
11
1,061

Non-Consolidated
As of September 30, 2013

As ofMarch 31, 2013

ChangeMizuho Bank
Members of the Board of Directors and Auditors
Executive Officers (excluding those doubling as directors)

14
68
26,839

(5)
275

14
73
26,564

9
24
3,119

(1)
2

9
25
3,117

Employees (excluding Executive Officers)* The numbers as of September 30, 2013 are the aggregate figures for former MHBK and former MHCB and have been adjusted
for Members of the Board of Directors and Auditors and Executive Officers doubling other positions.

Mizuho Trust & Banking
Members of the Board of Directors and Auditors
Executive Officers (excluding those doubling as directors)
Employees (excluding Executive Officers)(Reference)
Aggregate Figures for Mizuho Financial Group, Inc.,the 2 Banks, and Mizuho Securities

As of September 30, 2013
Change46
122
38,230Members of the Board of Directors and Auditors
Executive Officers (excluding those doubling as directors)

As ofMarch 31, 2013

1
(14)
193

Employees (excluding Executive Officers)* The numbers have been adjusted for Members of the Board of Directors and Auditors and Executive Officers doublingother positions.

As of September 30, 2013

As ofMarch 31, 2013

ChangeMizuho Securities
14
44
7,198

Members of the Board of Directors and Auditors
Executive Officers (excluding those doubling as directors)
Employees (excluding Executive Officers)

39

45
136
38,037

(1)
(97)

14
45
7,295

Mizuho Financial Group, Inc.

3. Number of Branches and Offices
Non-Consolidated
As of September 30, 2013
Aggregate Figures for the 2 Banks

As ofMarch 31, 2013

ChangeHead Offices and Domestic Branches
Overseas Branches
Domestic Sub-Branches
Overseas Sub-Branches
Overseas Representative Offices

454
23
55
11
7

1
1
1

453
22
55
11
6

* Head Offices and Domestic Branches do not include in-store branches (2), branches and offices for remittance purposes only (36),
branches offering account transfer services only (2), branches and offices to maintain shared ATMs only (1), internet branches (1)and pension plan advisory offices (1).

Mizuho Bank
Head Office and Domestic Branches
Overseas Branches
Domestic Sub-Branches
Overseas Sub-Branches
Overseas Representative Offices

418
23
39
11
7

1
1
1

417
22
39
11
6

* Head Offices and Domestic Branches do not include in-store branches (2), branches and offices for remittance purposes only (36),
branches offering account transfer services only (2), branches and offices to maintain shared ATMs only (1), internet branches (1)and pension plan advisory offices (1).

Mizuho Trust & Banking
Head Office and Domestic Branches
Overseas Branches
Domestic Sub-Branches
Overseas Sub-Branches
Overseas Representative Offices

36
16
-

40

-

36
16
-

Mizuho Financial Group, Inc.

V. Gross profits (excluding the amounts of credit costs of trust accounts) and Net business profits or losses (excluding the amountsof credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) by reportable segment(Millions of yen)First Half of Fiscal 2012
MHBK (Consolidated) Notes:(4)MHCB (Consolidated) Notes:(4)MHBK (Non-consolidated) Notes:(4)Corporate
Banking
Retail Banking(LargeCorporations)

Personal
Banking

Gross profits:(excluding the amounts of credit
costs of trust accounts)
Net interest income (expense)
Net noninterest income
Total
General and administrative expenses(excluding Non-Recurring Losses)
OthersNet business profits(excluding the amounts of credit
costs of trust accounts, before
reversal of (provision for) generalreserve for losses on loans)

MHCB (Non-consolidated) Notes:(4)Financial
Institutions &Public Sector
Business

Corporate
Banking

Others
Notes:(2), (5)Trading andothers110,000
11,900121,900

42,20019,20061,400

6,400
7,100
13,50052,00034,70086,7009,900
3,100
13,00041,196
96,525
137,722261,696
172,525434,222

110,400

57,8005,700

37,7007,200

46,323

-

-

-

-

-

-

11,500

3,600

7,800

49,0005,800

91,398

Corporate
Banking(LargeCorporations)

Corporate
Banking

Financial
Institutions &Public Sector
Business

International
Banking

MHSC(Consolidated)
Notes:(3), (5)Trading andothersOthers
Notes:(2)19,003
26,12145,125

280,700
198,647
479,347

68,70041,700110,400

200
100
300

7,600
5,700
13,30053,60053,200106,800

62,79093,138
155,928

192,890
193,838
386,728(614)
94,47593,861

41,698
6,621
48,319233,974
294,935
528,909265,123

25,137290,260

37,700700

6,700

35,40033,993

114,493

84,633

14,182

213,310-(6,708)(6,708)

-

-

-

-

-

-

(398)

(26,478)(26,877)

169,098

13,279182,378

72,700

(400)

6,600

71,400121,934

272,234

8,829

7,658

288,722First Half of Fiscal 2012
MHTB
(Consolidated)

Gross profits:(excluding the amounts of credit
costs of trust accounts)
Net interest income (expense)
Net noninterest income
Total
General and administrative expenses(excluding Non-Recurring Losses)
OthersNet business profits(excluding the amounts of credit
costs of trust accounts, before
reversal of (provision for) generalreserve for losses on loans)

Others
Notes:(2)MHFG(Consolidated)

19,95548,37968,334(1,603)533,026
29,061
571,023
27,457 1,104,049

44,73722,347570,655(1,700)1,242(34,044)

21,896

6,352

499,349

Notes:(1) Gross profits (excluding the amounts of credit costs of trust accounts) is reported instead of sales reported by general corporations.
(2) “Others ” includes elimination of transactions between subsidiaries.
(3) Following the transformation into a new group operational structure conducted in April 2013, reclassification has been made in the above table to reflect the relevant changes.
MHSC that was a consolidated subsidiary of MHFG has been turned into a directly-held subsidiary of MHFG from April 2013.
(4) MHBK and MHCB merged in July 2013. In the above table, "MHBK (Consolidated)," "MHBK (Non-consolidated)," "MHCB (Consolidated)," and "MHCB (Non-consolidated)" represent MHBK and MHCB before the merger.
(5) MHSC and MHIS merged in January 2013. In the above table, "Others" in “MHBK (Consolidated)” includes the result of MHIS before the merger and "MHSC (Consolidated)" represents MHSC (Consolidated) before the merger.

41

Mizuho Financial Group, Inc.

(Millions of yen)

(Aggregate of MHBK and MHCB before the merger)
Aggregate of MHBK and MHCB before the merger

Gross profits:(excluding the amounts of credit costsof trust accounts)
Net interest income (expense)
Net noninterest income
Total
General and administrative expenses(excluding Non-Recurring Losses
OthersNet business profits(excluding the amounts of credit costsof trust accounts, before reversal of(provision for) general reserve forlosses on loans)

Corporate
Banking(LargeCorporations)

RetailBanking

Personal
Banking

Financial
Institutions&
Public Sector
Business

Corporate
Banking

TradingandothersInternational
Banking

110,000
11,900121,900

42,20019,20061,40075,10048,800123,900

52,20034,80087,00017,5008,800
26,30053,60053,200106,800

103,986
189,663
293,650

454,586
366,363
820,950

110,400

57,80043,40038,40013,90035,40080,317

379,617

-

-

-

-

-

-

-

-

11,5003,600

80,50048,60012,40071,400213,333

441,333

Note: MHBK and MHCB merged in July 2013. In the above table, the figures for MHBK and MHCB before the merger are simply aggregated.

42

Mizuho Financial Group, Inc.

(Millions of yen)First Half of Fiscal 2013
MHBK (Consolidated)
MHBK (Non-consolidated) Notes:(3)Corporate
Banking
Retail Banking(LargeCorporations)

Personal
Banking

Gross profits:(excluding the amounts of credit
costs of trust accounts)
Net interest income (expense)
Net noninterest income
Total
General and administrative expenses(excluding Non-Recurring Losses)
OthersNet business profits(excluding the amounts of credit
costs of trust accounts, before
reversal of (provision for) generalreserve for losses on loans)

Corporate
BankingMHTB
MHSC(Consolidated) (Consolidated)

Financial
Institutions &Public Sector
Business

International
Banking

Others
Notes:(2),(3)

MHFG(Consolidated)

553,985
488,990
1,042,975

Others
Notes:(2)Trading andothers55,3009,100
64,40020,10011,60031,70080,70066,500147,200

25,80019,60045,40012,5008,700
21,20064,60076,500141,100

88,449(897)
87,551

347,449
191,102538,551

54,266
1,086
55,352401,715
192,188593,904

18,99953,79372,792

1,326
148,070
149,397

131,944
94,937
226,881

56,60029,40040,50019,80010,50042,90054,961

254,661

21,089

-

-

-

-

-

-

-

-

(22,278)

275,750

45,590120,142

158,242599,726(22,278)(1,550)18(822)(24,633)

7,800

2,300

106,700

25,60010,70098,20032,590283,890

11,984

295,874

25,652

29,272

67,816

418,616

Notes:(1) Gross profits (excluding the amounts of credit costs of trust accounts) is reported instead of sales reported by general corporations.
(2) “Others ” includes elimination of transactions between subsidiaries.
(3) MHBK and MHCB merged in July 2013. In the above table, “MHBK (Non-consolidated)” reports the results of MHCB for the first quarter and MHBK after the merger for the second
quarter. "Others" incudes the result of MHBK before the merger for the first quarter.
(Aggregate of MHBK and MHCB)(Millions of yen)
Aggregate of MHBK and MHCB

Gross profits:(excluding the amounts of credit
costs of trust accounts)
Net interest income (expense)
Net noninterest income
Total
General and administrative expenses(excluding Non-Recurring Losses)
OthersNet business profits(excluding the amounts of credit
costs of trust accounts, before
reversal of (provision for) generalreserve for losses on loans)

Corporate
Banking(LargeCorporations)

RetailBanking

Personal
Banking

Financial
Institutions&
Public Sector
Business

Corporate
Banking

TradingandothersInternational
Banking

108,800
17,800126,600

40,30022,10062,40083,20071,200154,400

51,20032,50083,70017,20010,90028,10064,60076,500141,100

105,793
22,263
128,056

471,093
253,263
724,356

111,700

58,30043,90038,70014,40042,90076,849386,749

-

-

-

-

-

-

-

-

14,900

4,100

110,500

45,00013,70098,20051,206337,606

Note: MHBK and MHCB merged in July 2013. In the above table, the figures for MHBK before the merger for the first quarter, MHCB for the first quarter, and MHBK after the merger
for the second quarter are simply aggregated.

43

Interim Review (Status of Capital Adequacy)
For the Six Months ended September 30, 2013

<under Japanese GAAP>

Mizuho Financial Group, Inc.

The following is an English translation of excerpt regarding Basel capital adequacy disclosure and relevant information
released in our Japanese language disclosure material published in January 2014. The capital adequacy disclosure and otherfinancial information included herein are based on Japanese GAAP pursuant to Japanese regulatory requirements.
In this report, “we,” “us,” and “our” refer to Mizuho Financial Group, Inc. and, unless the context indicates otherwise, itsconsolidated subsidiaries. “Mizuho Financial Group” refers to Mizuho Financial Group, Inc.

Status of Capital Adequacy

Capital adequacy ratio highlights.......................................................................................................................................... 2■ Capital adequacy ratio highlights
Status of Mizuho Financial Group’s consolidated capital adequacy..................................................................................... 4■ Scope of consolidation ...................................................................................................................................... 4(1) Scope of consolidation for calculating consolidated capital adequacy ratio■ Composition of capital ...................................................................................................................................... 5(2) Composition of capital, etc.
■ Risk-based capital ............................................................................................................................................. 15(3) Required capital by portfolio classification■ Credit risk.......................................................................................................................................................... 17(4) Credit risk exposure, etc.
■ Methods for credit risk mitigation ..................................................................................................................... 31(5) Credit risk mitigation by portfolio classification■ Counterparty risk in derivatives transactions and long-settlement transactions ................................................ 32(6) Status of counterparty risk in derivatives transactions and long-settlement transactions■ Securitization exposure ..................................................................................................................................... 34(7) Quantitative disclosure items for securitization exposure■ Market risk ........................................................................................................................................................ 52■ Equity exposure in banking book ...................................................................................................................... 54(8) Status of equity exposure in banking book

Former Mizuho Bank, Ltd. and former Mizuho Corporate Bank, Ltd. merged as of July 1, 2013 with former Mizuho Corporate

Bank being the surviving entity, which changed the trade name to Mizuho Bank, Ltd.
The figures for Mizuho Bank, Ltd. disclosed herein maintain the following unless indicated otherwise:•
The figures for the six months ended September 30, 2013 are calculated under the Basel III International Standard.
•
The figures for the six months ended September 30, 2012 include both figures of former Mizuho Bank, Ltd. and former
Mizuho Corporate Bank, Ltd. calculated under the Basel II Domestic Standard and Basel II International Standard,
respectively.

1

Capital adequacy ratio highlights
We calculate capital adequacy ratios based on the revised
FSA Notices (“Standards for Determining the Status ofCapital Adequacy for banks, in accordance with Banking
Law Article 14-2” (the FSA Notice No. 19 of 2006), as
amended, and “Standards for Determining the Status ofCapital Adequacy for bank holding companies, inaccordance with Banking Law Article 52-25” (the FSA
Notice No. 20 of 2006), as amended (the “FSA NoticeNo. 20”)) from the fiscal year ended March 31, 2013.
The tables for the six months ended September 30, 2012
and 2013, set forth under the heading “Status of Capital
Adequacy,” are calculated based on the Basel II (Figures
for former Mizuho Bank are calculated under thedomestic standard. Figures for Mizuho Financial Group,
former Mizuho Corporate Bank and Mizuho Trust &Banking are calculated under the international
standard.) and Basel III Framework, respectively.

The Basel Framework, based on the “International
Convergence of Capital Measurement and CapitalStandards: A Revised Framework” issued by the BaselCommittee on Banking Supervision, requires the disclosureof capital adequacy information to ensure the enhanced
effectiveness of market discipline. Our disclosure is madeunder the “Matters Separately Prescribed by theCommissioner of the Financial Services Agency Regarding
Capital Adequacy Conditions, etc. pursuant to Article 19-2,
Paragraph 1, Item 5, Subitem (d), etc. of the Ordinance for
Enforcement of the Banking Law (Ministry of FinanceOrdinance No. 10 of 1982)” (the FSA Notice No. 15 of2007).
We have adopted (a) the advanced internal ratings-based
approach as a method to calculate the amount of credit risk
weighted assets and (b) the advanced measurement
approach as a method to calculate the amount equivalent to
the operational risk.

■ Capital adequacy ratio highlights
Mizuho Financial Group (Consolidated)

Consolidated capital adequacy ratio(International standard)
Tier 1 capital ratio
Tier 1 capital
Tier 2 capital
Deductions for total risk-based capital
Total risk-based capital
Risk weighted assets

As of September 30,
2012(Basel II)
15.45%

Total capital ratio (International
standard)
Tier 1 capital ratio
Common equity Tier 1 capital ratio
Total capital
Tier 1 capital
Common equity Tier 1 capital
Risk weighted assets

12.68%
6,290.6
1,769.9395.4
7,665.1
49,603.9(Reference)
Former Mizuho Bank (Consolidated)

Consolidated capital adequacy ratio(Domestic standard)
Tier 1 capital ratio
Tier 1 capital
Tier 2 capital
Deductions for total risk-based capital
Total risk-based capital
Risk weighted assets

Former Mizuho Corporate Bank(Consolidated)
As of September 30,
2012(Basel II)
15.35%

Consolidated capital adequacy ratio(International standard)
Tier 1 capital ratio
Tier 1 capital
Tier 2 capital
Deductions for total risk-based capital
Total risk-based capital
Risk weighted assets

11.26%
2,389.6
980.7
112.9
3,257.4
21,208.5(Billions of yen)
As of September 30,
2013(Basel III)14.97%
11.70%
8.78%
8,806.6
6,881.2
5,166.6
58,790.1(Billions of yen)
As of September 30,
2012(Basel II)
17.94%
15.79%
4,363.4
732.3
139.0
4,956.8
27,623.6(Billions of yen)
As of September 30,
2013(Basel III)16.48%

Mizuho Bank (Consolidated)

Total capital ratio(International standard)
Tier 1 capital ratio
Common equity Tier 1 capital ratio
Total capital
Tier 1 capital
Common equity Tier 1 capital
Risk weighted assets

13.02%
10.55%
8,515.0
6,726.9
5,448.7
51,643.2

2

Former Mizuho Corporate Bank
(Non-Consolidated)

Former Mizuho Bank (NonConsolidated)

Non-consolidated capital adequacy
ratio (Domestic standard)
Tier 1 capital ratio
Tier 1 capital
Tier 2 capital
Deductions for total risk-based capital
Total risk-based capital
Risk weighted assets

As of September 30,
2012(Basel II)
15.38%

Non-consolidated capital adequacy ratio(International standard)
Tier 1 capital ratio
Tier 1 capital
Tier 2 capital
Deductions for total risk-based capital
Total risk-based capital
Risk weighted assets

11.30%
2,330.6
980.2
138.3
3,172.5
20,621.0

16.27%
4,057.0
1,060.2
40.5
5,076.6
24,922.2(Billions of yen)
As of September 30,
2013(Basel III )16.57%

Mizuho Bank (Non-Consolidated)

Total capital ratio (International
standard)
Tier 1 capital ratio
Common equity Tier 1 capital ratio
Total capital
Tier 1 capital
Common equity Tier 1 capital
Risk weighted assets

12.93%
10.43%
8,492.7
6,626.1
5,346.9
51,231.4

Mizuho Trust & Banking (Consolidated)

Consolidated capital adequacy ratio(International standard)
Tier 1 capital ratio
Tier 1 capital
Tier 2 capital
Deductions for total risk-based capital
Total risk-based capital
Risk weighted assets(Billions of yen)
As of September 30,
2012(Basel II)
20.37%

As of September 30,
2012(Basel II)
17.80%

Total capital ratio(International standard)
Tier 1 capital ratio
Common equity Tier 1 capital ratio
Total capital
Tier 1 capital
Common equity Tier 1 capital
Risk weighted assets

14.21%
331.6
87.0
3.2
415.5
2,333.6

Mizuho Trust & Banking (Non-consolidated)
As of September 30,
2012(Basel II)
18.09%
Non-consolidated capital adequacy
ratio (International standard)
Tier 1 capital ratio
14.47%
Tier 1 capital
333.7
Tier 2 capital
86.6
Deductions for total risk-based capital
3.0
Total risk-based capital
417.3
Risk weighted assets
2,306.5

Total capital ratio(International standard)
Tier 1 capital ratio
Common equity Tier 1 capital ratio
Total capital
Tier 1 capital
Common equity Tier 1 capital
Risk weighted assets

3(Billions of yen)
As of September 30,
2013(Basel III)18.60%
14.43%
14.43%
482.8
374.8
374.8
2,595.7(Billions of yen)
As of September 30,
2013(Basel III)18.67%
14.51%
14.51%
479.1
372.5
372.5
2,566.5

Status of Mizuho Financial Group’s consolidated capital adequacy■ Scope of consolidation(1) Scope of consolidation for calculating consolidated capital adequacy ratio(A) Difference from the companies included in the scope of consolidation based on consolidation rules for preparation of
consolidated financial statements (the “scope of accounting consolidation”)
None as of September 30, 2012 and 2013
(B) Number of consolidated subsidiaries
Consolidated subsidiaries

As of September 30, 2012148

As of September 30, 2013
161

Our major consolidated subsidiaries (and their main businesses) are Mizuho Bank, Ltd. (banking business), Mizuho Trust & Banking
Co., Ltd. (trust business and banking business) and Mizuho Securities Co., Ltd. (securities business).
(C) Corporations providing financial services for which Article 9 of the FSA Notice No. 20 is applicable
None as of September 30, 2012 and 2013.
(D) Companies that are in the bank holding company’s corporate group but not included in the scope of accounting
consolidation and companies that are not in the bank holding company’s corporate group but included in the scope ofaccounting consolidation
None as of September 30, 2012 and 2013.
(E) Restrictions on transfer of funds or capital within the bank holding company’s corporate group
None as of September 30, 2012 and 2013.

4

■ Composition of capital(2) Composition of capital, etc.
(A) Composition of capital disclosure(As of September 30, 2012 (Basel II))
Summary table of consolidated capital adequacy ratio (International standard)

Tier 1 capital

Tier 2 capital

Tier 3 capital
Deductions
for total riskbased capital
Total riskbased capital

Common stock and preferred stock
Non-cumulative perpetual preferred stock
Advance payment for new shares
Capital surplus
Retained earnings
Less: Treasury stock
Advance payment for treasury stock
Less: Dividends (estimate), etc
Less: Unrealized losses on other securities
Foreign currency translation adjustments
Stock acquisition rights
Minority interest in consolidated subsidiaries
Preferred securities issued by overseas SPCs
Less: Goodwill equivalent
Less: Intangible fixed assets recognized as a result of a merger
Less: Capital increase due to securitization transactions
Less: 50% of excess of expected losses relative to eligible reserves by banks
adopting internal ratings-based approach
Total of Tier 1 capital before deduction of deferred tax assets (total of theabove items)
Deduction for deferred tax assets
Total
(A)
Preferred securities with a step-up interest rate provision(B)
Ratio to Tier 1 = (B) / (A) X 100
45% of unrealized gains on other securities
45% of revaluation reserve for land
General reserve for possible losses on loans
Excess of eligible reserves relative to expected losses by banks adoptinginternal ratings-based approach
Debt capital, etc.
Perpetual subordinated debt and other debt capital
Dated subordinated debt and redeemable preferred stock
Total
Tier 2 capital included as qualifying capital(C)
Short-term subordinated debt
Tier 3 capital included as qualifying capital(D)(Billions of yen)
As of September 30,
2012
2,254.9
1,109.5
1,513.8
4.7
76.3
21.8
(103.9)2.7
1,760.1
1,682.0
59.0
36.6
4.0
43.9
6,290.6
6,290.6
524.0
8.32%
101.7
4.6
1,663.5
256.6
1,406.9
1,769.9
1,769.9-

Deductions for total risk-based capital

(E)

395.4

(A) + (C) + (D) – (E)(F)

7,665.1

Credit risk-weighted assets(G)
44,696.6On-balance-sheet items
37,340.3
Off-balance-sheet items
7,356.3
Market risk equivalent assets [(I)/8%](H)
2,022.3
Risk weighted (Reference) Market risk equivalent
(I)
161.7
assetsOperational risk equivalent assets [(K)/8%](J)
2,884.9(Reference) Operational risk equivalent
(K)
230.7
Adjusted amount for credit risk-weighted assets(L)
Adjusted amount for operational risk equivalent(M)
Total [(G) + (H) + (J) + (L) +(M)](N)
49,603.9
Consolidated capital adequacy ratio (International standard) = (F) / (N) X 100
15.45%
Tier 1 capital ratio = (A) / (N) X 100
12.68%
Notes:
1. The above figures are calculated based on the International standard applied on a consolidated basis under the FSA Notice No. 20.
2. As it is not possible to break down Mizuho Financial Group’s common stock and preferred stock according to classes of stock,non-cumulative perpetual preferred stock is not stated separately from capital.
3. In calculating the consolidated capital adequacy ratio, we underwent an examination following the procedures agreed with Ernst& Young ShinNihon LLC, on the basis of “Treatment in implementing examination by agreed-upon procedures for calculating
capital adequacy ratio” (Industry Committee Practical Guideline No. 30 of the Japanese Institute of Certified Public Accountants).
Note that this is not a part of the accounting audit performed on our consolidated financial statements. This consists of an
examination under agreed-upon procedures performed by Ernst & Young ShinNihon LLC on a portion of the internal control
structure concerning the calculation of the capital adequacy ratio and a report of the results to us. As such, they do not represent5an opinion regarding the capital adequacy ratio itself nor the internal controls related to the calculation of the capital adequacy
ratio.
4. The amount of net deferred tax assets was ¥420.4 billion and the maximum amount of deferred tax assets that can be recorded
without diminishing the amount of Tier 1 capital for the purpose of calculating capital adequacy ratio was ¥1,258.1 billion.
5. The “adjusted amount for credit risk-weighted assets” is the amount obtained by multiplying (i) 12.5 by (ii) the excess, if any, ofthe required capital under the foundation internal ratings-based approach multiplied by the rate prescribed in the FSA Notice No.
20 over the required capital under the advanced internal ratings-based approach; and the “adjusted amount for operational risk
equivalent” is the amount obtained by multiplying (i) 12.5 by (ii) the excess, if any, of the required capital under the basic
indicator approach multiplied by the rate prescribed in the FSA Notice No. 20 over the required capital under the advanced
measurement approach.

(As of September 30, 2013 (Basel III))
Composition of capital disclosure (International standard)(Millions of yen)
As of September 30, 2013
Amounts
excludedundertransitionalarrangements
Common equity Tier 1 capital: instruments and reserves
Directly issued qualifying common share capital plus related stock surplus andretained earningsof which: capital and stock surplus

Basel III
template(1)
5 ,085,365／

1a+2-1c-26

3 ,033,410／

1aof which: retained earnings

2 ,131,675／

2of which: treasury stock (-)

3,846

／

1c

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

75,873

／

26

-

／

1,733

／

1b

-

793,929

3

Common share capital issued by subsidiaries and held by third parties (amountallowed in group CET1)

10,853／

5

Total of items included in common equity Tier 1 capital: instruments and reserves
subject to phase-out arrangements

68,743／of which: amount allowed in group CET1 capital subject to phase-out
arrangements on common share capital issued by subsidiaries and held by third
parties

68,743／

5 ,166,696／

6Total intangible assets (net of related tax liability, excluding those relating tomortgage servicing rights)-

403,637

8+9

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

129,776

8

of which: other intangibles other than goodwill and mortgage servicing rights (netof related tax liability)-

273,861

9

Deferred tax assets that rely on future profitability excluding those arising from
temporary differences (net of related tax liability)-

21,472

10

Deferred gains or losses on derivatives under hedge accounting-(4,990)11

of which: other than above
Subscription rights to common shares
Accumulated other comprehensive income and other disclosed reserves

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

Common equity Tier 1 capital: regulatory adjustments(2)

Shortfall of eligible provisions to expected losses

-

1,418

12

Securitization gain on sale

-

3,570

13

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

-

310

14

Defined-benefit pension fund net assets (prepaid pension costs)-

279,816

15

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

-

431

16

Reciprocal cross-holdings in common equity

-

-

17

6

Investments in the capital of banking, financial and insurance entities that are outside
the scope of regulatory consolidation, net of eligible short positions, where the bankdoes not own more than 10% of the issued share capital (amount above the 10%threshold)-

240,043

Amount exceeding the 10% threshold on specified items--

19+20+21

of which: significant investments in the common stock of financials

-

-

19

of which: mortgage servicing rights

-

-

20

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

-

-

21

-

-

22

of which: significant investments in the common stock of financials

-

-

23

of which: mortgage servicing rights

-

-

24

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

-

-

25

-

／

27

(B)

-

／

28

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

5 ,166,696／

29

Additional Tier 1 capital: instruments(3)

Directly issued qualifying additional Tier 1 instruments plus related stock surplus ofwhich: classified as equity under applicable accounting standards and the breakdown

-

／

31a

Subscription rights to additional Tier 1 instruments

-

／

31b

Directly issued qualifying additional Tier 1 instruments plus related stock surplus ofwhich: classified as liabilities under applicable accounting standards

-

／

32

Qualifying additional Tier 1 instruments plus related stock surplus issued by special
purpose vehicles and other equivalent entities-／

13,330／34-35

1,874,825

／

33+35

1,874,825

／

33

-

／

35

(72,440)／(72,440)／

1 ,815,716／

36

Investments in own additional Tier 1 instruments

-

-

37

Reciprocal cross-holdings in additional Tier 1 instruments

-

-

38

Investments in the capital of banking, financial and insurance entities that are outside
the scope of regulatory consolidation, net of eligible short positions, where the bankdoes not own more than 10% of the issued common share capital of the entity(amount above 10% threshold)

-

1,393

39

Significant investments in the capital of banking, financial and insurance entities thatare outside the scope of regulatory consolidation (net of eligible short positions)-

95,23240

Total of items included in additional Tier 1 capital: regulatory adjustments subject tophase-out arrangements

101,185／of which: goodwill equivalent

63,533／of which: intangible fixed assets recognized as a result of a merger

33,208／of which: capital increase due to securitization transactions

3,570

／

Amount exceeding the 15% threshold on specified items

Regulatory adjustments applied to common equity Tier 1 due to insufficient
additional Tier 1 and Tier 2 to cover deductions
Common equity Tier 1 capital: regulatory adjustments

18

Common equity Tier 1 capital (CET1)

Additional Tier 1 instruments issued by subsidiaries and held by third parties (amountallowed in group AT1)
Eligible Tier 1 capital instruments subject to phase-out arrangements included inadditional Tier 1 capital: instrumentsof which: directly issued capital instruments subject to phase out from additional
Tier 1of which: instruments issued by subsidiaries subject to phase out
Total of items included in additional Tier 1 capital: instruments subject to phase-out
arrangementsof which: foreign currency translation adjustments
Additional Tier 1 capital: instruments

(D)

30

Additional Tier 1 capital: regulatory adjustments

7

of which: 50% of excess of expected losses relative to eligible reserves by banks
adopting internal ratings-based approach

872／

Regulatory adjustments applied to additional Tier 1 due to insufficient Tier 2 to coverdeductions

-

／

42

(E)

101,185

／

43

(F)

1 ,714,530／

44

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

6 ,881,226／

45

Tier 2 capital: instruments and provisions(4)

Directly issued qualifying Tier 2 instruments plus related stock surplus of which:classified as equity under applicable accounting standards and the breakdown-／

Subscription rights to Tier 2 instruments-／

Directly issued qualifying Tier 2 instruments plus related stock surplus of which:classified as liabilities under applicable accounting standards-／

Tier 2 instruments plus related stock surplus issued by special purpose vehicles andother equivalent entities-／

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

5,344

／

48-49

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

1,518,354

／

47+49

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

158,441／47

1,359,913

／

49

5,336

／

50

5,336

／

50a

-

／

50b

566,150／of which: 45% of unrealized gains on other securities

465,838／of which: 45% of revaluation reserve for land

100,312／2,095,186／

51

Investments in own Tier 2 instruments

-

-

52

Reciprocal cross-holdings in Tier 2 instruments

-

-

53

Investments in the capital of banking, financial and insurance entities that are outside
the scope of regulatory consolidation, net of eligible short positions, where the bankdoes not own more than 10% of the issued common share capital of the entity(amount above the 10% threshold)-197,376

54

Significant investments in the capital banking, financial and insurance entities that areoutside the scope of regulatory consolidation (net of eligible short positions)

-

-

55

Total of items included in Tier 2 capital: regulatory adjustments subject to phase-out
arrangements

169,764／of which: investments in the capital banking, financial and insurance entities

168,891／872／

169,764

／

57

(J)

1,925,421

／

58

(K)

8,806,648／

59

Additional Tier 1 capital: regulatory adjustments
Additional Tier 1 capital (AT1)
Additional Tier 1 capital ((D)-(E))
Tier 1 capital (T1 = CET1 + AT1)of which: instruments issued by subsidiaries subject to phase out
Total of general allowance for loan losses and eligible provisions included in Tier 2of which: general allowance for loan lossesof which: eligible provisions
Total of items included in Tier 2 capital: instruments and provisions subject to phaseout arrangements

Tier 2 capital: instruments and provisions

(H)

46

Tier 2 capital: regulatory adjustmentsof which: 50% of excess of expected losses relative to eligible reserves by banks
adopting internal ratings-based approach
Tier 2 capital: regulatory adjustments(I)
Tier 2 capital (T2)
Tier 2 capital (T2) ((H)-(I))
Total capital (TC = T1 + T2)
Total capital (TC = T1 + T2) ((G) + (J))

8

Risk weighted assets(5)

Total of items included in risk weighted assets subject to phase-out arrangementsof which: intangible assets (net of related tax liability, excluding those relating tomortgage servicing rights)
of which: deferred tax assets that rely on future profitability excluding thosearising from temporary differences (net of related tax liability)of which: defined-benefit pension fund net assets (prepaid pension costs)of which: investments in the capital banking, financial and insurance entities

1,082,718／

240,652／

21,472／279,816
540,777／／

Risk weighted assets

58,790,165／

60

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

8.78%

／

61

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

11.70%／

62

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

14.97%／

63

Non-significant investments in the capital of other financials that are below thethresholds for deduction (before risk weighting)

518,583／

72

Significant investments in the common stock of financials that are below thethresholds for deduction (before risk weighting)

166,097

／

73

-

／

74

343,863／

75

Provisions (general allowance for loan losses)

5,336

／

76

Cap on inclusion of provisions (general allowance for loan losses)
Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internalratings-based approach (prior to application of cap) (if the amount is negative, reportas "nil")Cap for inclusion of provisions in Tier 2 under internal ratings-based approach

53,142

／

77

-

／

78

274,943／79

1,874,825／

82

167,483／

83

1,518,354／

84

45,905／85(L)

Capital ratio (consolidated)

Regulatory adjustments(6)

Mortgage servicing rights that are below the thresholds for deduction (before risk
weighting)Deferred tax assets arising from temporary differences that are below the thresholds
for deduction (before risk weighting)
Provisions included in Tier 2 capital: instruments and provisions(7)

Capital instruments subject to phase-out arrangements(8)

Current cap on AT1 instruments subject to phase-out arrangements
Amount excluded from AT1 due to cap (excess over cap after redemptions andmaturities) (if the amount is negative, report as "nil")
Current cap on T2 instruments subject to phase-out arrangements
Amount excluded from T2 due to cap (excess over cap after redemptions andmaturities) (if the amount is negative, report as "nil")

Notes:
1. The above figures are calculated based on International standard applied on a consolidated basis under the FSA Notice No. 20.
2. In calculating the consolidated capital adequacy ratio, we underwent an examination following the procedures agreed with Ernst& Young ShinNihon LLC, on the basis of “Treatment in implementing examination by agreed-upon procedures for calculating
capital adequacy ratio” (Industry Committee Practical Guideline No. 30 of the Japanese Institute of Certified Public Accountants).
Note that this is not a part of the accounting audit performed on our consolidated financial statements. This consists of an
examination under agreed-upon procedures performed by Ernst & Young ShinNihon LLC on a portion of the internal control
structure concerning the calculation of the capital adequacy ratio and a report of the results to us. As such, they do not represent
an opinion regarding the capital adequacy ratio itself nor the internal controls related to the calculation of the capital adequacy
ratio.

9

(B) Explanation of (A) Composition of capital disclosure (As of September 30, 2013)
Reconciliation between "Consolidated balance sheet" and items of consolidated balance sheet and “Composition of capital
disclosure”(Millions of yen)

Items

Consolidated balance sheet asin published financial
statements

Crossreference toAppended
template

Amount(Assets)
Cash and due from banks
Call loans and bills purchased
Receivables under resale agreements

18,133,429
361,000
12,157,183

Guarantee deposits paid under securities
borrowing transactions

5,586,262

Other debt purchased
Trading assets
Money held in trust
Securities
Loans and bills discounted
Foreign exchange assets
Derivatives other than for trading assets
Other assets
Tangible fixed assets
Intangible fixed assets
Deferred tax assets

2,978,895
13,942,483
128,874
46,601,342
67,435,232
1,338,201
3,318,853
5,058,186
906,531488,626
147,872

Customers' liabilities for acceptances andguarantees

4,211,350

Reserves for possible losses on loans
Reserve for possible losses on investments(645,063)(28)

Total assets(Liabilities)
Deposits
Negotiable certificates of deposit
Call money and bills soldPayables under repurchase agreements

6-a2-b, 6-b6-c
6-d
3, 6-e2-a4-a

182,149,236
86,720,758
14,916,975
5,608,146
20,494,636

Guarantee deposits received under
securities lending transactions

7,306,493

Commercial paper
Trading liabilities
Borrowed money
Foreign exchange liabilities
Short-term bonds
Bonds and notes
Due to trust accounts
Derivatives other than for trading liabilities
Other liabilities
Reserve for bonus payments
Reserve for employee retirement benefits

619,956
7,169,893
9,360,535
233,507568,197
5,131,982
1,253,759
3,463,391
6,715,045
36,32540,659Reserve for director and corporate auditor
retirement benefits

1,323

6-f
8-a

8-b
6-g

Reserve for possible losses on sales of loans

346

Reserve for contingencies
Reserve for reimbursement of deposits
Reserve for reimbursement of debentures
Reserves under special laws
Deferred tax liabilities

19,111
16,65447,5881,049
29,4704-b

Deferred tax liabilities for revaluation
reserve for land

81,4554-c

Acceptances and guarantees
Total liabilities(Net assets)
Common stock and preferred stock
Capital surplus
Retained earnings
Treasury stock

4,211,350
174,048,615
2,254,972
1,109,508
2,132,117(3,846)

10

1-a
1-b
1-c
1-d

Reference # of Basel
III template under theComposition of capital
disclosureTotal shareholders' equity
Net unrealized gains (losses) on othersecurities

5,492,751
729,899

Deferred gains or losses on hedges(4,990)

Revaluation reserve for land
Foreign currency translation adjustments

141,461(72,440)

Total accumulated other comprehensive
income793,929

Stock acquisition rights
Minority interests
Total net assets
Total liabilities and net assets

1,733
1,812,207
8,100,621

5

3
1b
7

182,149,236

Note:
The regulatory scope of consolidation is the same as the accounting scope of consolidation.

Appended template
1. Shareholders' equity(1) Consolidated balance sheet
Consolidated balance sheet items(Millions of yen)AmountRemarks
Including eligible Tier 1 capital
instruments subject to phase-out
arrangements
Including eligible Tier 1 capital
instruments subject to phase-out
arrangements

Ref.

Common stock and preferred stock

2,254,972

Capital surplus

1,109,508

Retained earnings

2,132,117

1-cTreasury stock(3,846)1-dTotal shareholders' equity

5,492,751(2) Composition of capital(Millions of yen)

Composition of capital disclosure

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

AmountRemarks

5 ,161,238

1-a

1-b

Basel III
template

Shareholders' equity attributable tocommon shares (before adjusting
national specific regulatory
adjustments (earnings to be
distributed))of which: capital and stock surplus

3,033,410of which: retained earnings

2,131,675

2of which: treasury stock (-)

3,846

1c

of which: other than above
Directly issued qualifying additional Tier 1
instruments plus related stock surplus of which:classified as equity under applicable accounting
standards and the breakdown

1a-Shareholders' equity attributable topreferred shares with a loss
absorbency clause upon entering
into effective bankruptcy

31aRemarks

Ref.

2. Intangible fixed assets(1) Consolidated balance sheet
Consolidated balance sheet items(Millions of yen)AmountIntangible fixed assets
Securities

488,6262-a

46,601,342

of which: share of goodwill of companies
accounted for using the equity method

Income taxes related to above(2) Composition of capital
Composition of capital disclosure
Goodwill (net of related tax liability, including thoseequivalent)
Other intangibles other than goodwill and mortgage
servicing rights (net of related tax liability)
Mortgage servicing rights (net of related tax liability)

66,2432-b
Share of goodwill of companies
accounted for using the equity
method(151,231)(Millions of yen)AmountRemarks
129,776
273,861-11

Basel III
template
8

Software and other9

Amount exceeding the 10% threshold on specified
items
Amount exceeding the 15% threshold on specified
items
Mortgage servicing rights that are below thethresholds for deduction (before risk weighting)

-

20

-

24

-

74

3. Defined-benefit pension fund net assets (prepaid pension costs)(1) Consolidated balance sheet(Millions of yen)

Consolidated balance sheet items

AmountRemarks

Other assetsof which: defined-benefit pension fund net assets(prepaid pension costs)

5 ,058,186

Income taxes related to above(154,415)(2) Composition of capitalRef.
3434,232(Millions of yen)

Composition of capital disclosure

AmountDefined-benefit pension fund net assets (prepaid
pension costs)

Remarks

279,816

Basel III
template15

4. Deferred tax assets(1) Consolidated balance sheet(Millions of yen)

Consolidated balance sheet items

AmountRemarks

Ref.

Deferred tax assets

147,872

4-aDeferred tax liabilities

29,4704-b

Deferred tax liabilities for revaluation reserve for land

81,4554-c

Tax effects on intangible fixed assets
Tax effects on defined-benefit pension fund net assets(prepaid pension costs)

151,231(2) Composition of capital

154,415(Millions of yen)

Composition of capital disclosure

AmountRemarks

Deferred tax assets that rely on future profitability
excluding those arising from temporary differences(net of related tax liability)

21,472

Deferred tax assets that rely on future profitability
arising from temporary differences (net of related tax
liability)

343,863

Amount exceeding the 10% threshold on specified
items
Amount exceeding the 15% threshold on specified
items
Deferred tax assets arising from temporary
differences that are below the thresholds fordeduction (before risk weighting)This item does not agree with theamount reported on the
consolidated balance sheet due tooffsetting of assets and liabilities.
This item does not agree with theamount reported on the
consolidated balance sheet due tooffsetting of assets and liabilities.

Basel III
template
10

-

21

-

25

343,86375

5. Deferred gains or losses on derivatives under hedge accounting(1) Consolidated balance sheet
Consolidated balance sheet items(Millions of yen)AmountDeferred gains or losses on hedges(2) Composition of capital
Composition of capital disclosure

Remarks(4,990)Ref.
5(Millions of yen)AmountDeferred gains or losses on derivatives under hedge
accounting

Remarks(4,990)Basel III
template
11

6. Items associated with investments in the capital of financial institutions(1) Consolidated balance sheet
Consolidated balance sheet items(Millions of yen)Amount12

Remarks

Ref.

Trading assets

13,942,483

Including trading account securities
and derivatives for trading assets

6-aSecurities

46,601,342

Loans and bills discounted

67,435,232

Derivatives other than for trading assets

3,318,853

Other assets

5 ,058,186

Including money invested

6-eTrading liabilities

7,169,893

Including trading account securities
sold

6-f

Derivatives other than for trading liabilities

3,463,391(2) Composition of capital
Composition of capital disclosure

6-bIncluding subordinated loans

6-c
6-d

6-g

(Millions of yen)AmountRemarks

Basel III
template

Investments in own capital instruments

431

Common equity Tier 1 capital

431

16

-

37

-

52

Additional Tier 1 capital
Tier 2 capital
Reciprocal cross-holdings in the capital of banking,financial and insurance entities
Common equity Tier 1 capital-

Additional Tier 1 capital
Tier 2 capital
Investments in the capital of banking, financial andinsurance entities that are outside the scope of
regulatory consolidation, net of eligible shortpositions, where the bank does not own more than
10% of the issued share capital (amount above 10%threshold)Common equity Tier 1 capital

-

17

-

38

-

53

957,397

240,043

18

1,393

39

197,37654

518,583

72

Additional Tier 1 capital
Tier 2 capitalNon-significant investments in the capital of otherfinancials that are below the thresholds fordeduction (before risk weighting)Significant investments in the capital of banking,financial and insurance entities that are outside thescope of regulatory consolidation, net of eligible shortpositions
Amount exceeding the 10% threshold on specified
items
Amount exceeding the 15% threshold on specified
items
Additional Tier 1 capital

261,330

Tier 2 capitalSignificant investments in the common stock offinancials that are below the thresholds fordeduction (before risk weighting)

-

19

-

23

95,23240-

55

166,09773

7. Minority interests(1) Consolidated balance sheet
Consolidated balance sheet items
Minority interests(2) Composition of capital
Composition of capital disclosure
Common share capital issued by subsidiaries and heldby third parties (amount allowed in group CET1)
Qualifying additional Tier 1 instruments plus related
stock surplus issued by special purpose vehicles andother equivalent entities
Additional Tier 1 instruments issued by subsidiaries
and held by third parties (amount allowed in group
AT1)(Millions of yen)AmountRemarks

1,812,207

Ref.
7(Millions of yen)AmountRemarks
10,853-

13,330Tier 2 instruments plus related stock surplus issued by
special purpose vehicles and other equivalent entities-

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

5,344

13

After reflecting amounts eligible forinclusion (minority interest after
adjustments)
After reflecting amounts eligible forinclusion (minority interest after
adjustments)
After reflecting amounts eligible forinclusion (minority interest after
adjustments)
After reflecting amounts eligible forinclusion (minority interest after
adjustments)
After reflecting amounts eligible forinclusion (minority interest after
adjustments)

Basel III
template
530-31ab-32

34-35

46

48-49

8. Other capital instruments(1) Consolidated balance sheet
Consolidated balance sheet items(Millions of yen)AmountRemarks

Ref.

Borrowed money

9,360,535

8-aBonds and notes

5,131,982

8-b

Total

14,492,518(2) Composition of capital
Composition of capital disclosure(Millions of yen)AmountDirectly issued qualifying additional Tier 1
instruments plus related stock surplus of which:classified as liabilities under applicable accounting
standards
Directly issued qualifying Tier 2 instruments plus
related stock surplus of which: classified as liabilities
under applicable accounting standards

Remarks

Basel III
template

-

32

-

46

Note:
Amounts in the "Composition of capital disclosure" are based on those before considering amounts under transitional arrangements
and include "Amounts excluded under transitional arrangements" disclosed in "(A) Composition of capital disclosure" as well asamounts included as regulatory capital. In addition, items for regulatory purposes under transitional arrangements are excluded fromthis table.

14

■Risk-based capital(3) Required capital by portfolio classification

Credit risk
Internal ratings-based approach
Corporate (except specialized lending)Corporate (specialized lending)
SovereignBank
RetailResidential mortgage
Qualifying revolving loan
Other retail
Equities
PD/LGD approach
Market-based approach (simple risk
weight method)
Market-based approach (internal
models approach)Transitional measure applied
Regarded-method exposure
Purchase receivables
Securitizations
OthersStandardized approach
Sovereign
Bank
Corporate
Residential mortgage
Securitizations
Others
CVA risk
Central counterparty-relatedMarket risk
Standardized approach
Interest rate risk
Equities risk
Foreign exchange risk
Commodities risk
Option transactions
Internal models approach
Operational risk

As of September 30, 2012
EAD Required capital
166,822.4
4,652.9
158,854.6
4,388.3
51,567.2
2,485.8
2,431.3
234.6
73,138.6
57.5
5,741.5
112.8
13,626.9
631.2
10,474.4
421.2
351.1
31.5
2,801.2
178.3
2,887.5
305.8
856.6
86.5

(Billions of yen)
As of September 30, 2013
EAD Required capital
177,678.9
5,101.5
170,202.1
4,534.1
56,949.4
2,404.8
2,808.1
251.8
78,035.9
71.8
6,103,1
151.8
13,548.3
612.5
10,379.5
401.7
400.1
34.3
2,768.7
176.4
4,292.3
472.7
1,212.5
132.1

244.2

67.8

413.3

109.9

-

-

-

-

1,786.7
1,279.6
1,711.8
3,582.5
2,887.3
7,967.7
4,009.3
1,152.2
2,188.3
43.2
574.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.

151.5
271.1
55.5
68.4
165.1
264.5
3.4
24.7
172.9
29.0
34.2
n.a.
n.a.
161.7
62.9
36.1
14.9
7.2
4.5
98.8
230.7

2,666.4
1,435.2
1,650.2
2,920.4
2,458.8
7,476.7
2,265.8
1,524.1
3,173.8
23.9
488.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.

230.6
299.3
52.4
46.8
169.8
340.1
5.4
38.3
239.6
11.2
45.4
210.5
16.6
228.1
70.4
39.9
21.8
7.2
1.4
157.7
241.7

Advanced measurement approach

n.a.

190.8

n.a.

186.4

Basic indicator approach

n.a.

39.9

n.a.

55.3

n.a.

3,968.3

n.a.

4,703.2

Total required capital (consolidated)

Notes:
1. EAD: Exposure at default.
2. PD: Probability of default.
3. LGD: Loss given default.
4. Required capital: For credit risk, the sum of (i) 8% of credit risk-weighted assets, (ii) expected losses and (iii) deductions
from capital. For market risk, the market risk equivalent amount. For operational risk, the operational risk equivalentamount.
5. Total required capital (consolidated): 8% of the denominator of the capital adequacy ratio.
6. The major exposures included in each portfolio classification of internal ratings-based approach are as follows:
Corporate (except
Credits to corporations and sole proprietors (excluding credits to retail customers)
specialized lending)Corporate (specialized
lending)

Credits which limit interest and principal repayment sources to cash flow derived from specificreal estate, chattel, businesses, etc, including real estate non-recourse loan, ship finance andproject finance, etc.

SovereignCredits to central governments, central banks and local governmental entities

Bank

Credits to banks and securities companies, etc.

RetailHousing loans (residential mortgage), credit card loans (qualifying revolving retail loan) and15

other individual consumer loans and loans to business enterprises with total credit amount of lessthan ¥100 million, etc. (other retail).
Equities

Capital stock, preferred securities, perpetual subordinated debt, etc. (excluding trading assets)
The transitional measure (Article 13 of supplementary provision of the FSA Notice No. 20)
applies to those held from September 30, 2004 or earlier, and others are applied either the
PD/LGD approach or the market-based approach.

Regarded-method
exposure

Investment trusts and funds, etc.

Purchase receivables

Receivables purchased from third parties excluding securities (excluding securitizations)

Securitizations

Transactions in the form of “non-recourse” and having a “senior/subordinated structure,” etc.
(excluding specialized lending).

7. With the start of the application of Basel III, we recognized credit risk-weighted assets in relation to CVA risk and central
counterparty-related exposure (Article 130, Paragraph 1(c) and (d) of the FSA Notice No. 20) as of September 30, 2013.
8. EAD calculated using the standardized approach for credit risk represents the amount before the deduction of specificreserve for possible losses on loans, reserve for possible losses on loans to restructuring countries and partial direct writeoffs.

16

■ Credit risk
(4) Credit risk exposure, etc.
We exclude regarded-method exposure and securitization exposure from the amount of credit risk exposure.
The outstanding balance is based on exposure at default.
No significant difference exists between period-end credit risk position and the average credit risk position during the twelve months
ended September 30, 2012 and 2013.
○ Status of credit risk exposure(A) Breakdown by geographical area
(Billions of yen)
As of September 30, 2012

Domestic
Overseas
Asia
Central and SouthAmerica
North America
Eastern Europe
Western Europe
Other areas
Total
Exempt portion

Loans,
commitments andother nonderivative offbalance-sheet
exposures
75,531.2
17,350.0
4,596.7

Securities
36,449.4
9,277.3
1,120.2

Derivatives
1,733.8
2,052.3
141.1

Others8,261.7
3,336.4
852.4

Total
121,976.3
32,016.0
6,710.6

2,239.0

149.0

217.0

6.3

2,611.5

5,914.4
26.0
3,147.1
1,426.6
92,881.3
n.a.

6,786.7
1,088.2
133.0
45,726.7
n.a.

578.4
0.7
985.9
128.9
3,786.1n.a.

1,868.4
15.7
463.7
129.5
11,598.1
n.a.

15,148.0
42.6
5,685.0
1,818.1
153,992.4
7,924.5(Billions of yen)

As of September 30, 2013
Loans, commitments
and other nonderivative offbalance-sheet
exposures
74,130.8
22,420.0
6,488.5

Securities
Derivatives
Others
Total
Domestic
35,174.0
1,236.4
16,928.9
127,470.3
Overseas8,853.1
2,102.3
5,000.5
38,376.1
Asia1,509.7
212.7
1,285.0
9,496.0
Central and South2,424.5
145.8
144.8
557.6
3,272.8
America
North America
7,850.0
5,689.7
566.1
2,523.4
16,629.3
Eastern Europe
31.0
0.2
7.8
39.1
Western Europe
3,615.5
1,215.0
1,042.4
514.1
6,387.2
Other areas
2,010.3
292.7
135.8
112.4
2,551.3
Total
96,550.8
44,027.1
3,338.8
21,929.5
165,846.4
Exempt portion
n.a.
n.a.
n.a.
n.a.
7,452.7
Notes:
1. Exempt portion represents the amount before the deduction of specific reserve for possible losses on loans, reserve forpossible losses on loans to restructuring countries and partial direct write-offs, calculated using the standardized approach forbusiness units and asset classes that are immaterial for the purpose of calculating credit risk-weighted assets.
2. Exposure to non-Japanese residents is included in “Overseas.”
3. “Others” include cash, deposits, call loans, other debt purchased, money held in trust, foreign exchange assets, other assets,
etc.

17

(B) Breakdown by industry(Billions of yen)
As of September 30, 2012

Manufacturing
Construction
Real estate
Service industries
Wholesale and retail
Finance and insurance
Individuals
Other industries
Japanese Government;
Bank of Japan
Total
Exempt portion

Loans,
commitments andother nonderivative offbalance-sheet
exposures
14,092.6
1,331.2
6,831.7
3,626.0
7,476.9
9,885.3
11,907.8
15,994.7

Securities
1,801.4
176.0
426.9
2,825.7
567.2
2,506.1
6,002.3

Derivatives
472.8
17.5
57.5
123.3
414.0
1,918.6
0.1
736.3

Others
241.5
3.3
33.0
46.6
503.2
1,182.7
14.4
5,478.9

Total
16,608.4
1,528.0
7,349.2
6,621.7
8,961.5
15,492.9
11,922.4
28,212.4

21,734.8

31,420.7

45.6

4,094.2

57,295.5

92,881.3
n.a.

45,726.7
n.a.

3,786.1
n.a.

11,598.1
n.a.

153,992.4
7,924.5(Billions of yen)
As of September 30, 2013
Loans,
commitments andother nonderivative offbalance-sheet
exposures
15,417.6
1,313.5
7,090.4
3,731.4
7,645.8
10,644.7
11,960.6
18,489.8

Securities
Derivatives
Others
Total
Manufacturing
2,221.5
329.8
553.6
18,522.6
Construction
183.3
9.2
32.3
1,538.5
Real estate
459.5
53.6
17.3
7,621.0
Service industries
416.5
79.1
40.3
4,267.4
Wholesale and retail
676.8
172.8
928.4
9,424.1
Finance and insurance
2,708.5
2,021.3
1,655.8
17,030.3
Individuals
0.2
11.5
11,972.4
Other industries
7,914.4
647.8
6,191.8
33,244.0
Japanese Government;
20,256.7
29,446.3
24.6
12,498.0
62,225.8
Bank of Japan
Total
96,550.8
44,027.1
3,338.8
21,929.5
165,846.4
Exempt portion
n.a.
n.a.
n.a.
n.a.
7,452.7
Notes:
1. Exempt portion represents the amount before the deduction of specific reserve for possible losses on loans, reserve forpossible losses on loans to restructuring countries and partial direct write-offs, calculated using the standardized approach forbusiness units and asset classes that are immaterial for the purpose of calculating credit risk-weighted assets.
2. “Others” include cash, deposits, call loans, other debt purchased, money held in trust, foreign exchange assets, other assets,
etc.

18

(C) Breakdown by residual contractual maturity(Billions of yen)
As of September 30, 2012

Less than one year
From one year to lessthan three years
From three years to lessthan five years
Five years or more
Other than above
Total
Exempt portion

Loans, commitments
and other nonderivative offbalance-sheet
exposures
28,438.1

Securities
11,400.3

Derivatives
477.5

Others2,195.6

Total
42,511.7

13,030.5

11,010.2

1,607.0

48.5

25,696.3

11,707.1

12,627.1

845.3

4.3

25,183.9

28,273.8
11,431.5
92,881.3
n.a.

7,782.1
2,907.045,726.7
n.a.

782.6
73.5
3,786.1
n.a.

0.0
9,349.6
11,598.1
n.a.

36,838.6
23,761.7
153,992.4
7,924.5(Billions of yen)

As of September 30, 2013
Loans, commitments
and other nonderivative offbalance-sheet
exposures
28,741.0

Securities
Derivatives
Others
Total
Less than one year
10,761.1
484.5
3,465.3
43,452.1
From one year to less
14,502.3
10,533.9
1,586.6
415.3
27,038.2
than three years
From three years to less
13,871.4
11,673.8
643.7
12.7
26,201.7
than five years
Five years or more
24,425.2
6,764.3
623.8
4.5
31,818.1
Other than above
15,010.8
4,293.8
18,031.5
37,336.1
Total
96,550.8
44,027.1
3,338.8
21,929.5
165,846.4
Exempt portion
n.a.
n.a.
n.a.
n.a.
7,452.7
Notes:
1. Exempt portion represents the amount before the deduction of specific reserve for possible losses on loans, reserve forpossible losses on loans to restructuring countries and partial direct write-offs, calculated using the standardized approach forbusiness units and asset classes that are immaterial for the purpose of calculating credit risk-weighted assets.
2. “Others” include cash, deposits, call loans, other debt purchased, money held in trust, foreign exchange assets, other assets,
etc.

19

○ Status of exposure past due three months or more or in default(D) Breakdown by geographical area
(Billions of yen)
As of September 30, 2012

Domestic
Overseas
Asia
Central and SouthAmerica
North America
Eastern Europe
Western Europe
Other areas
Total
Exempt portion

Loans, commitments
and other nonderivative offbalance-sheet
exposures
1,340.1
241.0
44.5

Securities
17.5
0.5
0.0

Derivatives
78.6
24.7
0.7

Others
53.6
10.6
3.1

Total
1,489.9
277.0
48.4

103.7

0.0

15.1

0.0

118.9

7.0
0.3
62.7
22.5
1,581.2
n.a.

0.5
18.1
n.a.

0.2
8.3
0.2
103.3
n.a.

5.1
1.5
0.7
64.2
n.a.

13.0
0.3
72.6
23.4
1,766.9
1.1(Billions of yen)

As of September 30, 2013
Loans, commitments
and other nonderivative offbalance-sheet
exposures
1,089.0
315.3
42.0

Securities
Derivatives
Others
Total
Domestic
15.9
15.5
39.8
1,160.3
Overseas
0.8
29.8
10.6
356.7
Asia
0.0
0.6
3.8
46.5
Central and South
178.1
0.0
21.0
0.1
199.3
America
North America
5.1
0.8
2.9
8.9
Eastern Europe
0.4
0.4Western Europe
63.4
0.0
8.0
3.7
75.2
Other areas
26.0
0.0
0.0
26.1
Total
1,404.3
16.8
45.4
50.4
1,517.1
Exempt portion
n.a.
n.a.
n.a.
n.a.
3.6
Notes:
1. Exempt portion represents the amount before the deduction of specific reserve for possible losses on loans, reserve forpossible losses on loans to restructuring countries and partial direct write-offs, calculated using the standardized approach forbusiness units and asset classes that are immaterial for the purpose of calculating credit risk-weighted assets.
2. Exposure to non-Japanese residents is included in “Overseas.”
3. “Others” include deposits, call loans, other debt purchased, money held in trust, foreign exchange assets, other assets, etc.

20

(E) Breakdown by industry(Billions of yen)
As of September 30, 2012

Manufacturing
Construction
Real estate
Service industries
Wholesale and retail
Finance and insurance
Individuals
Other industries
Total
Exempt portion

Loans, commitments
and other nonderivative offbalance-sheet
exposures
330.6
51.3
260.0
173.7
237.3
28.8
225.2
273.9
1,581.2
n.a.

Securities
4.7
2.7
7.3
1.3
1.0
0.2
0.5
18.1
n.a.

Derivatives
33.6
0.2
0.0
5.8
39.4
2.9
0.0
21.1
103.3
n.a.

Others
16.4
1.0
0.6
5.3
27.0
6.9
1.3
5.4
64.2
n.a.

Total
385.5
55.3
268.0
186.3
304.9
39.0
226.6
301.1
1,766.9
1.1(Billions of yen)

As of September 30, 2013
Loans, commitments
and other nonderivative offbalance-sheet
exposures
285.0
44.2
173.5
139.2
197.3
24.0
189.4
351.4
1,404.3
n.a.

Securities
Derivatives
Others
Total
Manufacturing
6.1
5.3
12.8
309.2
Construction
2.8
0.0
0.7
47.8
Real estate
3.6
0.0
0.3
177.5
Service industries
1.8
5.2
4.0
150.3
Wholesale and retail
1.2
7.6
20.9
227.2
Finance and insurance
0.3
2.9
5.0
32.2
Individuals
1.2
190.6
Other industries
0.7
24.1
5.4
381.8
Total
16.8
45.4
50.4
1,517.1
Exempt portion
n.a.
n.a.
n.a.
3.6
Notes:
1. Exempt portion represents the amount before the deduction of specific reserve for possible losses on loans, reserve forpossible losses on loans to restructuring countries and partial direct write-offs, calculated using the standardized approach forbusiness units and asset classes that are immaterial for the purpose of calculating credit risk-weighted assets.
2. “Others” include deposits, call loans, other debt purchased, money held in trust, foreign exchange assets, other assets, etc.

21

○ Status of reserves for possible losses on loans
The amounts associated with regarded-method exposure and securitization exposure are excluded.
(F) Period-end balances of reserves for possible losses on loans and changes during the six-month period(after partial direct write-offs)

General reserve for possible
losses on loans

Specific reserve for possible
losses on loans

Reserve for possible losses onloans to restructuring countries

Total

Beginning balance
Increase during the six-month
periodDecrease during the six-month
periodEnding balance
Beginning balance
Increase during the six-month
periodDecrease during the six-month
periodEnding balance
Beginning balance
Increase during the six-month
periodDecrease during the six-month
periodEnding balance
Beginning balance
Increase during the six-month
periodDecrease during the six-month
periodEnding balance

As of, or forthe six months ended,
September 30, 2012
447.5

(Billions of yen)
As of, or forthe six months ended,
September 30, 2013
503.0

440.5

433.3

447.5

503.0

440.5
243.9

433.3
235.7

210.5

210.6

243.9

235.7

210.5
0.0

210.6
1.0

0.0

1.0

0.0

1.0

0.0
691.5

1.0
739.8

651.0

645.0

691.5

739.8

651.0
645.0
Note:
General reserve for possible losses on loans in the above table represents the amount recorded in our consolidated balance sheet,and the amounts associated with regarded-method exposure and securitization exposure are not excluded.
(G) Specific reserve for possible losses on loans by geographical area and industry

Domestic
Manufacturing
Construction
Real estate
Service industries
Wholesale and retail
Finance and insurance
Individuals
Other industries
Overseas
Exempt portion
Total

As of March 31, 2012
187.4
26.8
6.0
20.3
14.1
39.7
0.8
67.3
12.0
50.4
6.0
243.9

As of September 30, 2012
172.0
34.9
6.1
20.8
13.7
38.8
0.1
45.7
11.6
34.1
4.3
210.5

(Billions of yen)
Change(15.3)
8.1
0.0
0.4
(0.3)
(0.9)
(0.6)
(21.5)(0.3)(16.3)(1.7)(33.4)

As of March 31, 2013
171.3
35.1
7.0
24.9
12.3
38.2
0.1
41.8
11.6
57.8
6.4
235.7

As of September 30, 2013
139.1
24.2
7.4
11.5
14.3
33.6
0.0
39.7
7.9
64.7
6.7
210.6

(Billions of yen)
Change(32.2)(10.8)
0.3(13.3)
2.0
(4.5)
(0.1)
(2.0)
(3.6)
6.8
0.2
(25.1)

Domestic
Manufacturing
Construction
Real estate
Service industries
Wholesale and retail
Finance and insurance
Individuals
Other industries
Overseas
Exempt portion
Total
Note:
Exempt portion represents the amount calculated using the standardized approach for business units and asset classes that are
immaterial for purposes of calculating credit risk-weighted assets.

22

(H) Write-offs of loans by industry
For the six months ended
September 30, 2012
5.0
0.4
0.4
1.6
2.2
0.0
5.5
3.9
0.2
19.6

(Billions of yen)
For the six months ended
September 30, 2013
2.7
0.2
0.5
1.2
4.0
0.1
4.5
2.2
0.0
15.8

Manufacturing
Construction
Real estate
Service industries
Wholesale and retail
Finance and insurance
Individuals
Other industries
Exempt portion
Total
Notes:
1. The above table represents the breakdown of losses on write-offs of loans recorded in our consolidated statement of income
after excluding the amounts associated with regarded-method exposure and securitization exposure.
2. Exempt portion represents the amount calculated using the standardized approach for business units and asset classes that are
immaterial for purposes of calculating credit risk-weighted assets.
3. “Other industries” include overseas and non-Japanese resident portions.
○ Status of exposure to which the standardized approach is applied(I) Exposure by risk weight category after applying credit risk mitigation(Billions of yen)
As of September 30, 2012

Risk weight

0%
10%
20%
35%
50%
100%
150%
250%
350%
625%
937.5%
1,250%

Total

On-balance sheet
477.7
74.0
298.6
9.4
2,073.2
0.0
2,933.1

Off-balance sheet
3,416.1
0.9
775.1
1.2
797.8
0.0
0.0
0.0
4,991.3

Total
3,893.8
75.0
1,073.8
10.6
2,871.1
0.0
0.0
0.0
0.0
7,924.5

With externalrating
138.1
10.5
2.8
28.8
180.4
(Billions of yen)

As of September 30, 2013

Risk weight

0%
10%
20%
35%
50%
100%
150%
250%
350%
625%
937.5%
1,250%

On-balance sheet
1,420.1
81.6
385.0
48.4
2,534.8
0.1
55.8
4,525.9

Off-balance sheet
687.1
0.0
896.6
15.1
1,327.7
0.1
0.0
0.0
2,926.7

Total
2,107.2
81.6
1,281.7
63.5
3,862.5
0.2
55.8
0.0
0.0
7,452.7

With externalrating
233.0
14.7
45.7
31.0
0.1
324.6

Total
Notes:
1. The amounts in the above table are before the deduction of specific reserve for possible losses on loans, reserve for possible
losses on loans to restructuring countries and partial direct write-offs.
2. Off-balance-sheet exposure shows credit equivalent amount.

23

(J) Deduction from capital / amount of exposure to which a risk weight of 1,250% is applied

Deduction from capital(Billions of yen)
As of September 30, 2012
26.3

Amount of exposure to which a risk weight of 1,250% is applied

As of September 30, 2013
8.6

○ Status of exposure to which the internal ratings-based approach is applied(K) Specialized lending exposure under supervisory slotting criteria by risk weight category

Risk weight

As of September 30, 2012
9.0
115.2
21.7
18.1
11.0
153.5
6.9
335.6

50%
70%
90%
95%
115%
120%
140%
250%
Default

Total(Billions of yen)
As of September 30, 2013
0.0
11.5
6.0
89.2
15.4
23.9
119.0
31.1
296.5

(L) Equity exposure under simple risk weight method of market-based approach by risk weight category

Risk weight

As of September 30, 2012
177.2
67.0
244.2

300%
400%

(Billions of yen)
As of September 30, 2013
346.7
66.5
413.3

Total
Note:
Of the equity exposure under the simple risk weight method, a risk weight of 300% is applied for listed equities and 400% forunlisted equities.

24(M) Portfolio by asset class and ratings segment (Corporate, etc.)(Billions of yen, except percentages)

Corporate
Investment
grade zone
Noninvestment
grade zone
Default
Sovereign
Investment
grade zone
Noninvestment
grade zone
Default
Bank
Investment
grade zone
Noninvestment
grade zone
Default
Equityexposure
under
PD/LGDapproach
Investment
grade zone
Noninvestment
grade zone
Default
Total
Investment
grade zone
Noninvestment
grade zone
Default

As of September 30, 2012
Risk
weight(EAD
EAD
weighted
On(Billions
average)balanceof yen)
(%)
sheet
43.73
55,061.6
41,467.5

PD(EAD
weighted
average)
(%)
3.45

LGD
(EAD
weighted
average)
(%)
36.57

EL
default(EAD
weighted
average)
(%)
n.a.

0.09

38.20

n.a.

23.30

33,256.3

2.67

33.26

n.a.

77.40

100.00
0.01

46.58
39.89

43.87
n.a.

0.00

39.89

1.64

Offbalance
sheet
13,594.0

Amountofundrawn
commitments
10,760.8

Weighted
average ofcreditconversion
factor
(%)
75.10

22,577.6

10,678.7

9,121.9

75.08

20,482.4

17,689.2

2,793.2

1,630.5

75.21

35.84
0.95

1,322.7
73,404.0

1,200.6
55,405.4

122.0
17,998.5

8.4
302.8

75.00
75.11

n.a.

0.83

73,300.2

55,306.5

17,993.6

301.9

75.11

39.66

n.a.

84.65

101.6

96.8

4.7

0.8

75.00

100.00
0.42

59.05
37.67

54.11
n.a.

65.48
21.75

2.1
5,789.2

2.0
3,022.7

0.0
2,766.5

0.1
332.6

75.00
75.29

0.08

37.55

n.a.

18.29

5,269.6

2,770.0

2,499.6

276.0

75.35

0.82

38.05

n.a.

57.30

503.6

239.7

263.9

56.5

75.00

100.00

65.20

62.03

41.99

15.9

12.9

2.9

-

-

0.33

90.00

n.a.

122.59

856.6

856.6

-

-

-

0.06

90.00

n.a.

107.44

763.8

763.8

-

-

-

1.29

90.00

n.a.

250.35

91.6

91.6

-

-

-

100.00
1.43

90.00
38.76

90.00
n.a.

20.05

1.1
135,111.5

1.1
100,752.3

34,359.1

11,396.3

75.10

0.03

39.62

n.a.

9.01

112,590.0

81,418.0

31,172.0

9,699.8

75.09

2.62

33.65

n.a.

77.70

21,179.5

18,117.5

3,061.9

1,687.975.20

100.00

46.86

44.15

35.93

1,341.9

1,216.8

125.1

8.5

75.00

25

(Billions of yen, except percentages)

PD(EAD
weighted
average)
(%)
2.69

LGD
(EAD
weighted
average)
(%)
35.55

EL
default(EAD
weighted
average)(%)
n.a.

As of September 30, 2013
Risk
weight(EAD
EAD
weighted
On(Billions
average)balanceof yen)
(%)
sheet
41.03
60,811.1
45,712.3

Offbalance
sheet
15,098.7

Amountofundrawn
commitments
13,184.1

Weighted
average ofcreditconversion
factor
(%)
75.13

Corporate
Investment
0.10
37.21
n.a.
25.99
39,730.7
27,181.8
12,548.9
11,334.6
75.13
grade zone
Non71.33
20,013.6
17,514.6
2,499.0
1,844.7
75.15
2.64
31.71
n.a.
investment
grade zone
Default
100.00
45.65
43.17
32.83
1,066.6
1,015.8
50.7
4.7
75.00
Sovereign
0.01
38.39
n.a.
1.14
78,305.6
62,179.5
16,126.1
460.9
75.00
Investment
0.00
38.39
n.a.
1.03
78,193.7
62,072.7
16,121.0
457.6
75.00
grade zone
Non75.73
111.7
106.6
5.1
3.2
75.00
1.33
37.44
n.a.
investment
grade zone
Default
100.00
61.99
57.54
58.94
0.0
0.0
Bank
0.42
36.00
n.a.
28.31
6,133.6
3,263.4
2,870.2
362.9
75.00
Investment
0.09
35.92
n.a.
24.92
5,594.8
2,965.5
2,629.3
272.4
75.00
grade zone
Non64.23
523.0
287.5
235.4
90.4
75.00
investment
0.94
35.91
n.a.
grade zone
Default
100.00
67.23
64.22
39.88
15.7
10.2
5.4
Equityexposure
under
0.38
90.00
n.a.
136.201,212.5
1,212.5
PD/LGDapproach
Investment
123.79
1,112.0
1,112.0
0.07
90.00
n.a.
grade zone
Non257.58
98.8
98.8
2.05
90.00
n.a.
investment
grade zone
Default
100.0090.00
n.a.
1,192.50
1.7
1.7
Total
1.14
37.54
n.a.
19.96
146,462.9
112,367.8
34,095.1
14,007.9
75.12
Investment
0.04
38.36
n.a.
11.16
124,631.4
93,332.2
31,299.2
12,064.7
75.12
grade zone
Non72.06
20,747.2
18,007.6
2,739.6
1,938.5
75.14
2.59
32.13
n.a.
investment
grade zone
Default
100.00
46.04
43.48
34.77
1,084.1
1,027.9
56.2
4.7
75.00
Notes:
1. Investment grade zone includes obligor ratings A1 through B2, non-investment grade zone includes C1 through E2 (excluding
E2R), and default includes E2R through H1.
2. “Corporate” does not include specialized lending exposure under supervisory slotting criteria.
3. Each asset class includes purchased receivables.
4. The commitments that can be terminated at any time without condition or terminated automatically are not included in the amountof undrawn commitments and weighted average of credit conversion factor.
5. With the start of application of Basel III, regarding equity exposure under the PD/LGD approach, we recognized the risk-weighted
assets by multiplying 1,250% by the expected loss (“EL”) as of September 30, 2013.

26

(Reference)Obligor ratings
Obligor ratings(major category)Definition of ratings

Classification

A1–A3

Obligors whose certainty of debt fulfillment is very high, hence theirlevel of credit risk is excellent.

B1–B2

Obligors whose certainty of debt fulfillment poses no problems for theforeseeable future, hence their level of credit risk is sufficient.

C1–C3

Obligors whose certainty of debt fulfillment and their level of credit
risk pose no problems for the foreseeable future.

Investment grade zone

D1–D3
E1

E2

F1

Obligors whose current certainty of debt fulfillment poses no problems,
however, their resistance to future changes in business environment is
Non-investment grade zone
low.
Obligors who require close watching going forward because there areproblems with their borrowing conditions, such as reduced orsuspended interest payments, problems with fulfillment such as de facto
postponements of principal or interest payments, or problems with theirfinancial positions as a result of their poor or unstable businessR*
conditions.
Obligors who are not yet bankrupt but are in financial difficulties andare deemed to be very likely to go bankrupt in the future because they
are finding it difficult to make progress in implementing their
management improvement plans (including obligors who are receiving
Default
ongoing support from financial institutions).

G1

Obligors who have not yet gone legally or formally bankrupt but whoare substantially bankrupt because they are in serious financial
difficulties and are not deemed to be capable of restructuring.

H1

Obligors who have already gone bankrupt, from both a legal and/or
formal perspective.

* Obligors who have loans in need of monitoring (restructured loans and loans past due for three months or more) out of the obligors
who require close watching going forward

27

(N) Portfolio by asset class and ratings segment (Retail)(Billions of yen, except percentages)

Residential
mortgage
Non-default
Default
Qualifying
revolvingloan (retail)Non-default
Default
Other retailNon-default
Default
Total
Non-default
Default

As of September 30, 2012
Risk
weight(EAD
EAD
weighted
On(Billions
average)balanceof yen)
(%)
sheet

PD
(EAD
weighted
average)
(%)

LGD
(EAD
weighted
average)(%)

EL
default(EAD
weighted
average)
(%)

2.81

42.10

n.a.

34.28

10,474.4

10,209.5

264.9

7.3

75.00

0.82
100.00

41.96
49.00

n.a.
46.95

34.43
27.09

10,264.6
209.8

10,005.2
204.2

259.4
5.5

7.3
-

75.00
-

3.99

79.23

n.a.

73.11

351.1

239.2

111.8

1,413.6

7.91

3.61
100.005.60
1.77
100.003.41
1.09
100.00

79.23
78.00
52.59
52.77
48.14
45.21
45.13
48.83

n.a.
74.97
n.a.
n.a.
45.66
n.a.
n.a.
46.63

73.24
40.12
47.40
47.99
32.81
37.98
38.19
29.09

349.7
1.3
2,801.2
2,691.9
109.3
13,626.9
13,306.4
320.4

238.1
1.1
2,779.0
2,673.5
105.4
13,227.8
12,917.0
310.8

111.6
0.2
22.2
18.3
3.8
399.0
389.4
9.6

1,411.7
1.9
21.0
17.1
3.9
1,442.1
1,436.2
5.8

7.91
11.87
72.99
67.79
95.75
9.21
8.97
68.13

Offbalance
sheet

Weighted
Amount of average ofundrawn
creditcommit- conversion
ments factor (%)(Billions of yen, except percentages)

PD(EAD
weighted
average)
(%)

LGD
(EAD
weighted
average)(%)

EL
default(EAD
weighted
average)(%)

As of September 30, 2013
Risk
weight(EAD
EAD
weighted
On(Billions
average)balanceof yen)(%)
sheet

Offbalance
sheet

Weighted
Amount of average ofundrawn
creditcommit- conversion
ments factor (%)

Residential
2.48
42.20
n.a.
34.20
10,379.5 10,147.2
232.2
13.7
75.00
mortgage
Non-default
0.82
42.08
n.a.
34.34
10,204.9
9,977.1
227.8
13.7
75.00
Default
100.00
49.38
47.40
26.25
174.5
170.1
4.3
Qualifying
revolving
3.72
78.81
n.a.
70.76
400.1
267.3
132.7
1,475.4
9.00
loan (retail)Non-default
3.42
78.82
n.a.
70.85
398.8
266.3
132.5
1,473.5
8.99
Default
100.00
75.92
72.75
41.99
1.2
1.0
0.2
1.8
12.57
Other retail
5.18
53.64
n.a.
49.72
2,768.7
2,749.6
19.0
19.7
72.15
Non-default
1.71
53.85
n.a.
50.37
2,671.0
2,655.6
15.4
15.9
66.64
Default
100.00
47.89
45.49
31.75
97.6
93.9
3.6
3.8
95.08
Total
3.07
45.62
n.a.
38.45
13,548.3 13,164.2
384.0
1,508.9
10.43
Non-default
1.07
45.55
n.a.
38.66
13,274.8 12,899.0
375.8
1,503.2
10.21
Default
100.00
48.97
46.83
28.29
273.4
265.1
8.2
5.6
68.54
Notes:
1. Each asset class includes purchased receivables.
2. The commitments that can be terminated at any time without condition or terminated automatically are not included in theamount of undrawn commitments and weighted average of credit conversion factor.

28

(O) Actual losses by asset class
For the period from October 1,
2011 through September 30, 2012
Actual losses
28.0
0.1
(4.7)
(12.0)
0.3
1.5
13.2

(Billions of yen)
For the period from October 1,
2012 through September 30, 2013
Actual losses
22.4
0.1
(2.7)
(0.1)
0.6
2.1
22.5

Corporate
SovereignBank
Residential mortgage
Qualifying revolving loan (retail)
Other retail
Total
Note:
Actual losses are the sum of the net increase (decrease) in the amount of partial direct write-offs, specific reserve for possible
losses on loans and general reserve for possible losses on loans (for claims against special attention obligors or below), etc., aswell as tax-qualified direct write-offs, losses from sales of non-performing loans, losses from debt forgiveness and losses fromdebt-equity swaps during the relevant period. Equity exposure under the PD/LGD approach is not included in the amount of
actual losses.

<Analysis>
Actual losses of ¥22.5 billion in the period from October 1, 2012 through September 30, 2013 increased by ¥9.3 billion
compared with the period from October 1, 2011 through September 30, 2012. This was due mainly to an increase in losses fromresidential mortgage exposure offset in part by a decrease in losses from corporate exposure.

29

(P) Comparison of estimated and actual losses by asset class

Corporate
SovereignBank
Residential mortgage
Qualifying revolving loan (retail)
Other retailTotal

For the period from October 1, 2007
through September 30, 2008
Actual losses
Estimated losses(expected losses as of
September 30, 2007)
After
deductionof reserves
1,060.5
202.0
28.2
2.2
(9.3)
0.7
8.0
4.2
34.4
85.8
18.6
16.9
7.4
2.5
0.0
50.1
12.6
4.3
1,214.3
230.7
84.8(Billions of yen)
For the period from October 1, 2008
through September 30, 2009
Actual losses
Estimated losses(expected losses as of
September 30, 2008)
After
deductionof reserves
998.6
390.4
433.9
1.6
(10.7)
0.0
18.9(18.4)
0.0
96.4
22.9
21.3
8.0
3.1
2.2
53.2
16.0
6.2
1,176.9
403.3
463.9

Corporate
SovereignBank
Residential mortgage
Qualifying revolving loan (retail)
Other retailTotal

For the period from October 1, 2009
through September 30, 2010
Estimated losses
Actual losses(expected losses as of
September 30, 2009)After
deductionof reserves
1,377.8
503.2
45.2
4.1
(8.3)
0.3
42.7
5.6
(3.1)
107.8
26.5
36.6
10.4
3.6
0.2
54.6
15.8
22.4
1,597.7
546.6
101.8

(Billions of yen)
For the period from October 1, 2010
through September 30, 2011
Actual losses
Estimated losses(expected losses as of
September 30, 2010)
After
deductionof reserves
1,151.1
406.3
41.1
1.4
(11.5)
0.2
32.0
3.9
0.0
143.2
38.8
13.3
10.7
3.8
0.2
78.6
25.1
4.6
1,417.2
466.5
59.5

For the period from October 1, 2011
through September 30, 2012
Actual losses
Estimated losses(expected losses as of
September 30, 2011)
After
deductionof reserves
937.7
349.2
28.0
1.3
(11.8)
0.1
33.0
5.1
(4.7)
146.0
42.8
(12.0)
10.7
3.6
0.3
75.0
24.1
1.5
1,203.9
413.3
13.2(Billions of yen)
For the period from October 1, 2012
through September 30, 2013
Actual losses
Estimated losses(expected losses as of
September 30, 2012)
After
deductionof reserves
782.6
271.7
22.4
2.5
(10.8)
0.1
12.9
5.3
(2.7)
134.0
53.6
(0.1)
11.0
3.7
0.6
72.1
26.8
2.1
1,015.2
350.5
22.5

Corporate
SovereignBank
Residential mortgage
Qualifying revolving loan (retail)
Other retail
Total
Notes:
1. Estimated losses after deduction of reserves are the amount after deductions of partial direct write-offs, specificreserves for possible losses on loans and general reserves for possible losses on loans (for claims against special
attention obligors or below), etc., as of the beginning of each period. Equity exposure under the PD/LGD approach is
not included in the amount of estimated losses.
2. Actual losses are the sum of the net increase (decrease) in the amount of partial direct write-offs, specific reserves
for possible losses on loans and general reserves for possible losses on loans (for claims against special attention
obligors or below), etc., as well as tax-qualified direct write-offs, losses from sales of non-performing loans, losses
from debt forgiveness and losses from debt-equity swaps during the relevant period. Equity exposure under the
PD/LGD approach is not included in the amount of actual losses.

30

■ Methods for credit risk mitigation(5) Credit risk mitigation by portfolio classification
The amounts of exposure to which the method of credit risk mitigation through collateral and guarantees is applied are as follows:(Billions of yen)
As of September 30, 2012
Financial
Creditcollateralderivatives
Other collateral
Guarantees
Total
Internal ratings-based
2,324.7
4,758.1
5,109.5
41.2
12,233.6
approachCorporate
1,931.6
4,521.8
3,394.7
41.2
9,889.5
Sovereign
0.0
19.3
723.7
743.1
Bank
364.8
32.9
20.6
418.5
Retail
28.1
183.9
970.4
1,182.4
Residential mortgage
214.7
214.7
Qualifying revolving
0.3
0.3
loan
Other retail
28.1
183.9
755.2
967.2
Others2,914.9
Standardized approach
2,914.9
n.a.
Sovereign
Bank
Corporate
Residential mortgage
Securitizations
OthersTotal

2,891.9
23.0
5,239.7

n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,758.1

5,109.5

41.2

2,891.9
23.0
15,148.6(Billions of yen)

As of September 30, 2013

Internal ratings-based
approachCorporate
SovereignBank
RetailResidential
mortgage
Qualifying
revolving loan
Other retail
OthersStandardized approach
Sovereign
Bank
Corporate
Residential mortgage
Securitizations
Others
Total

Financialcollateral

Other collateral

Guarantees

Creditderivatives

Total

2,463.9

4,856.7

6,559.6

44.6

13,925.0

2,071.3
2.5
363.0
26.8

4,552.1
16.7
93.7
194.0

5,312.0
341.4
28.4
877.6

44.6
-

11,980.3
360.7
485.3
1,098.5

-

-

195.4

-

195.4

-

-

0.2

-

0.2

26.8
238.6
200.0
5.3
33.3
2,702.5

194.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,856.7

681.8
28.0
28.0
6,587.6

44.6

902.7
266.6
228.0
5.3
33.3
14,191.6

31

■ Counterparty risk in derivatives transactions and long-settlement transactions(6) Status of counterparty risk in derivatives transactions and long-settlement transactions(A) Status of derivatives transactions and long-settlement transactions
Derivative transactions
As of September 30, 2012
Gross
Gross
Creditreplacement
add-onequivalentcostamountCurrent exposure method
Foreign exchangerelated transactions
Interest rate-relatedtransactions
Gold-relatedtransactions
Equity-relatedtransactions
Transactions related toprecious metals(other than gold)
Other commodityrelated transactions
Credit derivatives
transactions(A)
Subtotal
Netting benefits by(B)
close-out netting
settlement contracts(C)=(A)+(B)
Subtotal(D)
Effect of credit risk
mitigation bycollateral(C)+(D)
Total(Billions of yen)
As of September 30, 2013
Gross
Gross
Creditreplacement
add-onequivalentcostamount

1,807.1

1,817.5

3,624.7

1,873.5

2,418.0

4,291.6

6,194.1

2,667.0

8,861.1

4,630.8

2,034.9

6,665.8

-

-

-

-

-

-

62.0

95.6

157.7

153.2

98.6

251.8

-

-

-

17.3

70.8

88.2

42.6

40.6

83.3

308.2

1,106.2

1,414.4

93.2

313.0

406.2

58.0

249.7

307.8

8,199.2
n.a.

4,933.9
n.a.

13,133.1
8,476.6

7,041.3
n.a.

5,978.4
n.a.

13,019.8
8,086.2

n.a.
n.a.

n.a.
n.a.

4,656.5
449.1

n.a.
n.a.

n.a.
n.a.

4,933.6
600.5

n.a.

n.a.

4,207.3

n.a.

n.a.

4,333.0

Creditequivalentamount182.7

Creditequivalentamount191.8

As of September 30, 2012
Gross
Gross
Creditreplacement
add-onequivalentcostamount0.5
0.8
1.4(Billions of yen)
As of September 30, 2013
Gross
Gross
Creditreplacement
add-onequivalentcostamount3.2
1.7
5.0

Standardized method
Total
Note:
The current exposure method and standardized method are used as the method to calculate credit equivalent amounts.
Long-settlement transactions

Long-settlement transactions
Notes:
1. The current exposure method is used as the method to calculate credit equivalent amounts.
2. Neither the “netting benefits by close-out netting settlement contracts” nor the “effect of credit risk mitigation by collateral”
applies to long-settlement transactions.

32

(B) Amounts of credit risk mitigation by type
As of September 30, 2012
39.0
83.6
18.1
140.8

Financial collateral
Other collateral
Guarantees, others
Total(Billions of yen)
As of September 30, 2013
26.4
37.9
16.9
81.3

(C) Notional amount of credit derivatives subject to credit equivalent amount calculations

Credit derivatives type:
Credit default swap
Total return swap
Total

Protection bought
Protection soldProtection bought
Protection soldProtection bought
Protection sold

As of September 30, 2012
Notional amount(Billions of yen)
As of September 30, 2013
Notional amount

2,652.4
2,539.1
2,652.4
2,539.1

2,185.5
1,996.9
2,185.5
1,996.9

Note:
Credit derivatives used for credit risk mitigation are as follows:
As of September 30, 2012
120.4

Credit derivatives used for credit risk mitigation

33(Billions of yen)
As of September 30, 2013108.4

■ Securitization exposure
Certain securitization exposures were deducted from capital under Basel II as of September 30, 2012. With the start of application ofBasel III, for these securitization exposures, a risk weight of 1,250% was applied for calculation of credit risk-weighted assets, and arisk weight of 100% was applied for calculation of market risk equivalent amounts, as of September 30, 2013.
(7) Quantitative disclosure items for securitization exposure○ Securitization exposure as originator (for calculation of credit risk-weighted assets)(A) Information by type of underlying assets(Billions of yen)
As of, or for the six months ended, September 30, 2012
SecuritiLease
Residential
zationpayment
CorpoReal
Auto
Credit mortgage
products
Total
receivables
loans
rate
estateloans
cards
Traditional securitizations
Amount of underlying assets (a)Default exposure
Losses during the six-month
periodAmount of exposures
securitized during the six-month
periodGains and losses recognized onsales during the six-month
periodSecuritization subject to early
amortization treatment
Synthetic securitizations
Amount of underlying assets (b)Default exposure
Losses during the six-month
periodAmount of exposures
securitized during the six-month
periodTotal amount of underlying
assets (a)+(b)

-

155.1
2.0
0.1

-

-

-

-

-

155.1
2.0
0.1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

562.3
-

10.0
-

-

572.3
-

-

-

-

-

-

-

-

-

-

155.1

-

-

562.3

10.0

-

727.4

(Billions of yen)
As of, or for the six months ended, September 30, 2013
Residential
Lease
Securitipayment
zationCredit mortgage
Auto
CorpoReal
cards
loans
loans
receivables
rate
estateproducts
Total
Traditional securitizations
Amount of underlying assets (a)Default exposure
Losses during the six-month
periodAmount of exposures
securitized during the six-month
periodGains and losses recognized onsales during the six-month
periodSecuritization subject to early
amortization treatment
Synthetic securitizations
Amount of underlying assets (b)Default exposure
Losses during the six-month
periodAmount of exposures
securitized during the six-month
periodTotal amount of underlying
assets (a)+(b)

-

129.2
1.6
0.2

-

-

-

-

-

129.2
1.6
0.2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

381.7
-

10.0
-

-

391.7
-

-

-

-

-

-

-

-

-

-

129.2

-

-

381.7

10.0

-

521.0

Notes:
1. Items that refer to “during the six-month period” show amounts accumulated during the six months ended September 30, 2012
and 2013.

34

2. “Amount of underlying assets” and “Losses during the six-month period” include those related to, in addition to exposure
originated by us, exposure to assets originated by other financial institutions if they are contained in the same securitization
program.
3. “Default exposure” and “Losses during the six-month period” with respect to synthetic securitization transactions are based on
the definition of default as set forth in the respective transactions.
4. Classification based on type of underlying assets is conducted according to the principal underlying asset type for eachtransaction.
5. “Credit cards” include shopping credit receivables, card loans, etc.
6. The effects of risk mitigation, in the context of calculating capital adequacy ratio, of transfers (hedges) of risk through synthetic
securitization transactions are reflected in “Required capital” of “(B) Information of securitization exposure retained orpurchased.”
7. Of the securitization exposure retained or purchased whose risk has been transferred (hedged) through securitization schemes, wehave categorized securitization exposure as investor if the risk transfer (hedge) effects are not reflected in the calculation ofcapital adequacy ratio, following the definition for classification of securitization exposure set forth in the FSA Notice No. 20, etc.
─Exposure intended to be securitized─
(Billions of yen)

Exposure intended to be
securitized

Creditcards-

Residential
mortgage
loans
-

Auto
loans
-

As of September 30, 2012
Lease
payment
CorpoRealreceivables
rate
estate
-

Auto
loans
-

As of September 30, 2013
Lease
payment
CorpoRealreceivables
rate
estate-Securitization
products
-

Total
-

(Billions of yen)

Exposure intended to be
securitized

Creditcards-

Residential
mortgage
loans
-

35

Securitization
products
-

Total
-

(B) Information of securitization exposure retained or purchased
─Exposure by type of underlying asset─
(Billions of yen)On-balance sheet
Exposure on resecuritizations
Off-balance sheet
Exposure on resecuritizations
Total
Exposure on resecuritizations
Exposure on securitizations
deducted from capital
Exposure whose underlying
assets are overseas assets

As of September 30, 2012
Lease
payment
CorpoRealreceivables
rate
estate
562.3
10.0
562.3
10.0
-

Creditcards-

Residentia
l mortgage
loans
35.7
35.7
-

Auto
loans
-

-

-

-

-

1.5

-

-

-

-

-

Securitization
products
-

Total
608.1
608.1
-

-

-

1.5

-

-

-

(Billions of yen)On-balance sheet
Exposure on resecuritizations
Off-balance sheet
Exposure on resecuritizations
Total
Exposure on resecuritizations
Exposure on securitizations towhich a risk weight of 1,250%
is applied
Exposure whose underlying
assets are overseas assets

As of September 30, 2013
Lease
payment
CorpoRealreceivables
rate
estate
381.7
10.0
381.7
10.0
-

Creditcards-

Residentia
l mortgage
loans
34.8
34.8
-

Auto
loans
-

-

-

-

-

-

-

-

-

-

-

Securitization
products
-

Total
426.6
426.6
-

-

-

-

-

-

-

Notes:
1. Classification based on type of underlying asset is conducted according to the principal underlying asset type for each transaction.
2. “Credit cards” include shopping credit receivables, card loans, etc.
3. “Exposure whose underlying assets are overseas assets” is classified based on the principal underlying asset type for eachtransaction.
4. “Exposure on resecuritizations” as of both September 30, 2012 and 2013 are classified following Article 1, Paragraph 2-2 of the
FSA Notice No. 20 (hereinafter the same).

36─Exposure by risk weight category─(Billions of yen)

Up to 20%
Up to 50%
Risk
Up to 100%weightUp to 250%
Up to 650%
Over 650%
Deduction from capital
Total

Onbalance
sheet
514.5
20.1
36.7
26.1
9.1
1.5
608.1

Exposure on
resecuritizations-

As of September 30, 2012
Offbalance
Exposure on
sheet resecuritizations-

Exposure on
resecuritizations-

As of September 30, 2013
Offbalance
Exposure on
sheet resecuritizations
-

Total
514.5
20.1
36.7
26.1
9.1
1.5
608.1

Exposure on
resecuritizations(Billions of yen)RiskweightUp to 20%
Up to 50%
Up to 100%
Up to 250%
Up to 650%
Less than 1,250%
1,250%

Total

Onbalance
sheet
337.2
15.2
34.8
12.5
22.6
4.2

Total
337.2
15.2
34.8
12.5
22.6
4.2

-

-

-

-

-

426.6

-

-

-

426.6

Exposure on
resecuritizations-

─Amount of required capital by risk weight category─(Billions of yen)

Up to 20%
Up to 50%
Up to 100%
Risk
weightUp to 250%
Up to 650%
Over 650%
Deduction from capital
Total

Onbalance
sheet
3.1
0.5
1.9
0.3
0.0
5.9

Exposure on
resecuritizations-

As of September 30, 2012
Offbalance
Exposure on
sheet
resecuritizations-

Exposure on
resecuritizations-

As of September 30, 2013
Offbalance
Exposure on
sheet
resecuritizations
-

Total
3.1
0.5
1.9
0.3
0.0
5.9

Exposure on
resecuritizations(Billions of yen)RiskweightTotal

Up to 20%
Up to 50%
Up to 100%
Up to 250%
Up to 650%
Less than 1,250%
1,250%

Onbalance
sheet
2.0
0.4
1.6
0.8
0.8
0.1
5.7

37

Total
2.0
0.4
1.6
0.8
0.8
0.1
5.7

Exposure on
resecuritizations-

─Credit risk mitigation against exposure on resecuritizations─RiskweightAs of September 30,
2012-

Up to 20%
Up to 50%
Up to 100%
Up to 250%
Up to 650%
Over 650%

Total(Billions of yen)
As of September 30,
2013
-

Note:
The above table shows the exposure on resecuritizations based on the risk weight after taking into consideration the effect of method
to mitigate credit risk.
─Capital increase due to securitization transactions─(Billions of yen)

Capital increase due tosecuritization transactions

Creditcards-

Residential
mortgage
loans
2.9

Auto
loans
-

As of September 30, 2012
Lease
payment
receivables Corporate
-

Auto
loans
-

As of September 30, 2013
Lease
payment
receivables Corporate-Realestate-Securitization
products
-

Total
2.9

(Billions of yen)

Capital increase due tosecuritization transactions

Creditcards-

Residential
mortgage
loans
2.1

Real
estate-Securitization
products
-

Total
2.1

─Credit risk-weighted assets calculated pursuant to Article 15 of Supplementary Provisions of the FSA Notice No. 20─
(Billions of yen)
As of September 30, 2012
As of September 30, 2013
Credit risk-weighted assets calculated pursuant to Article 15of Supplementary Provisions of the FSA Notice No. 20

38

○ Securitization exposure as sponsor of securitization programs (ABCP/ABL) (for calculation of credit risk-weighted assets)(C) Information by type of underlying assets

Amount of underlying assets
Default exposure
Estimated loss amountrelated to underlying assets
during the six-month period
Amount of exposures
securitized during the sixmonth period

Credit
cards
75.9
0.2

236.2

Credit
cards
73.5
0.6

(Billions of yen)
As of, or for the six months ended, September 30, 2012
Lease
Account
payment
and note
Residential
mortgage Auto
receivreceivReal
ables
ables
loans loans
estateOthers
Total
88.2
83.4
408.0
15.5
671.3
9.3
9.3
0.6
0.1
5.5
0.0
6.6

-

229.4

516.5

1,361.0-

31.3

2,374.4(Billions of yen)
As of, or for the six months ended, September 30, 2013
Lease
Account
Residential
payment
and note
receivreceivmortgage Auto
Real
ables
ables
loans loans
estateOthers
Total
19.4
71.3
447.6
65.6
677.7
6.7
6.7
0.1
0.1
4.2
0.2
5.3

Amount of underlying assets
Default exposure
Estimated loss amountrelated to underlying assets
during the six-month period
Amount of exposures
141.5- 187.6
356.2
1,547.7
305.4 2,538.6
securitized during the sixmonth period
Notes:
1. Items that refer to “during the six-month period” show amounts accumulated during the six months ended September
30, 2012 and 2013.
2. Securitization exposure that is acquired in securitization of customer’s claims other than as sponsor (in the form ofasset-backed securities, trust beneficiary rights and other transferable instruments) is categorized as securitization
exposure as investor.
3. The amount of default exposure is the amount of the underlying assets recognized as default in the calculation ofcapital adequacy ratio.
4. Estimated loss amount related to underlying assets is based on the amount of the underlying assets as of the relevant
date and the following parameters that are used in the calculation of capital adequacy ratio:
・ parameters used in the calculation of required capital for an underlying asset when applying the supervisory
formula (e.g., PD); and・ with respect to underlying assets classified as securitization exposure, the conservative application of risk weights
used in the ratings-based approach.
5. Classification based on type of underlying assets is conducted according to the principal underlying asset type foreach transaction. Transactions that are difficult to classify are included under “Others.”
6. “Credit cards” include shopping credit receivables, card loans, etc.

39

(D) Information of securitization exposure retained or purchased
─Exposure by type of underlying asset─
(Billions of yen)On-balance sheet
Exposure on
resecuritizations
Off-balance sheet
Exposure on
resecuritizations
Total
Exposure on
resecuritizations
Exposure on
securitizations
deducted from capital
Exposure whose
underlying assets areoverseas assets

As of September 30, 2012
Lease
Account
payment
and note
receivables receivables
41.3
282.4
-

Credit
cards
62.2
-

Residential
mortgage
loans
-

Auto
loans
71.3
-

75.4
-

-

56.9
-

33.9
-

137.7
-

-

128.3
-

-

-

56.2

-

Real
estate-Others
3.7
-

Total
461.1
-

183.9
-

-

21.3
-

371.6
-

75.2
-

466.3
-

-

25.0
-

832.7
-

-

-

-

-

-

-

69.8

-

154.4

-

21.3

301.9

(Billions of yen)

Credit
cards
73.2
-

Residential
mortgage
loans
-

Auto
loans
17.1
-

As of September 30, 2013
Lease
Account
payment
and note
receivables receivables
71.4
460.6
-

Real
estate-OthersTotal
On-balance sheet
65.5
688.0
Exposure on
resecuritizations
Off-balance sheet
52.1
42.1
0.0
142.0
7.5
243.9
Exposure on
resecuritizations
Total
125.4
59.3
71.4
602.6
73.1
932.0
Exposure on
resecuritizations
Exposure on
securitizations towhich a risk weightof 1,250% is applied
Exposure whose
65.9
53.7
7.9
283.8
66.0
477.5
underlying assets areoverseas assets
Notes:
1. Securitization exposure retained or purchased includes unused portions of securitization programs that are subject toallocation of required capital.
2. Classification based on type of underlying assets is conducted according to the principal underlying asset type for eachtransaction. Transactions that are difficult to classify are included under “Others.”
3. Credit cards” include shopping credit receivables, card loans, etc.
4. The classification of transactions of which the underlying assets are overseas assets is conducted according to theprincipal underlying assets of each transaction.
5. “Exposure on resecuritizations” as of both September 30, 2012 and 2013 are classified following Article 1, Paragraph 22 of the FSA Notice No. 20 (hereinafter the same).

40─Exposure by risk weight category─(Billions of yen)
As of September 30, 2012

Up to 20%
Up to 50%
Risk
Up to 100%weightUp to 250%
Up to 650%
Over 650%
Deduction from capital
Total

Onbalance
sheet
428.1
30.2
0.2
2.4
461.1

Exposure on
resecuritizations-

Off-balance
sheet
353.9
17.4
0.1
371.6

Exposure on
resecuritizations
-

Total
782.1
47.7
0.3
2.4
832.7

Exposure on
resecuritizations(Billions of yen)

As of September 30, 2013

Risk
weightTotal

Up to 20%
Up to 50%
Up to 100%
Up to 250%
Up to 650%
Less than 1,250%
1,250%

Onbalance
sheet
670.2
10.3
6.3
1.1
688.0

Exposure on
resecuritizations-

Off-balance
sheet
243.9
243.9

41

Exposure on
resecuritizations
-

Total
914.1
10.3
6.3
1.1
932.0

Exposure on
resecuritizations-

─Amount of required capital by risk weight category─(Billions of yen)
As of September 30, 2012

Up to 20%
Up to 50%
Risk
Up to 100%weightUp to 250%
Up to 650%
Over 650%
Deduction from capital
Total

Onbalance
sheet
3.1
0.6
0.0
0.2
4.0

Off-balance
sheet
2.1
0.3
0.0
2.6

Exposure on
resecuritizations-

Exposure on
resecuritizations
-

Total
5.3
1.0
0.0
0.2
6.6

Exposure on
resecuritizations(Billions of yen)

As of September 30, 2013

Risk
weightUp to 20%
Up to 50%
Up to 100%
Up to 250%
Up to 650%
Less than 1,250%
1,250%

Total

Onbalance
sheet
4.0
0.3
0.4
0.1
4.9

Off-balance
sheet
1.4
1.4

Exposure on
resecuritizations-

Exposure on
resecuritizations
-

Total
5.5
0.3
0.4
0.1
6.4

Exposure on
resecuritizations-

─Credit risk mitigation against exposure on resecuritizations─RiskweightAs of September 30,
2012-

Up to 20%
Up to 50%
Up to 100%
Up to 250%
Up to 650%
Over 650%

Total(Billions of yen)
As of September 30,
2013
-

Note:
The above table shows the exposure on resecuritizations based on the risk weight after taking into consideration the effect of method
to mitigate credit risk.
─Credit risk-weighted assets calculated pursuant to Article 15 of Supplementary Provisions of the FSA Notice No. 20─
(Billions of yen)
As of September 30,
As of September 30,
2012
2013
Credit risk-weighted assets calculated pursuant to Article 15 ofSupplementary Provisions of the FSA Notice No. 20

42

○ Securitization exposure as investor (for calculation of credit risk-weighted assets)(E) Information of securitization exposure retained or purchased
─Exposure by type of underlying asset─
(Billions of yen)On-balance sheet
Exposure on
resecuritizations
Off-balance sheet
Exposure on
resecuritizations
Total
Exposure on
resecuritizations
Exposure on
securitizations
deducted from capital
Exposure whose
underlying assets areoverseas assets

Creditcards
67.2

Residential
mortgageloans
1,466.3

Auto
loans
112.5

As of September 30, 2012
Lease
payment
receivables Corporate
52.9
146.1

-

32.7

0.5

-

97.0

0.0

3.0

133.3

-

-

9.3

10.9

-

0.6

4.5

25.4

-

-

-

-

-

-

-

-

67.2

1,466.3

121.8

63.9

146.1

211.3

107.8

2,184.8

-

32.7

0.5

-

97.0

0.0

3.0

133.3

-

14.6

0.1

0.2

7.7

38.8

4.1

65.8

55.1

65.6

9.7

34.2

143.1

24.4

12.5

344.9

Real
estate210.7

Others103.3

Total
2,159.4(Billions of yen)

Creditcards
60.2

Residential
mortgageloans
1,091.7

As of September 30, 2013
Lease
payment
receivables Corporate
52.2
46.1

Auto
loans
38.5

Real
estate91.4

OthersTotal
On-balance sheet
165.0
1,545.5
Exposure on
25.2
0.5
24.9
59.2
109.9
resecuritizations
Off-balance sheet
17.6
11.6
6.5
0.0
0.4
3.9
40.1
Exposure on
resecuritizations
Total
77.8
1,091.7
50.2
58.7
46.1
91.9
168.9
1,585.7
Exposure on
25.2
0.5
24.9
59.2
109.9
resecuritizations
Exposure on
securitizations to
1.5
0.2
1.2
0.3
18.9
0.6
23.1
which a risk weight of
1,250% is applied
Exposure whose
underlying assets are
71.1
53.4
5.3
36.3
46.0
25.2
94.9
332.5
overseas assets
Notes:
1. Subordinated contributions for managed collateralized loan obligations (“CLO”), etc., are included in the above table as exposure
as investor even when the assets underlying those CLOs, etc., include exposures that were originated by us. Our subordinatedcontributions for those managed CLOs, etc., were ¥0.6 billion as of September 30, 2012 (treated as deduction from capital for
purpose of capital adequacy ratio calculation) and ¥0.8 billion as of September 30, 2013 (a risk weight of 1,250% was applied for
purpose of capital adequacy ratio calculation) .
2. Classification based on type of underlying assets is conducted according to the principal underlying asset type for eachtransaction. Transactions that are difficult to classify are included under “Others.”
3. “Credit cards” include shopping credit receivables, card loans, etc.
4. The classification of transactions of which the underlying assets are overseas assets is conducted according to the principal
underlying assets of each transaction.
5. Securitization exposure retained or purchased whose risk transfer (hedge) effects are reflected in the calculation of capital
adequacy ratio is categorized as securitization exposure as originator.
6. “Exposure on resecuritizations” as of both September 30, 2012 and 2013 are classified following Article 1, Paragraph 2-2 of the
FSA Notice No. 20 (hereinafter the same).

43─Exposure by risk weight category─(Billions of yen)

Up to 20%
Up to 50%
Risk
Up to 100%weightUp to 250%
Up to 650%
Over 650%
Deduction from capital
Total

Exposure on
resecuritizations
48.9
73.4
0.5
0.2
10.2
133.3

As of September 30, 2012
Offbalance
Exposure on
sheet
resecuritizations
9.3
10.9
4.0
1.1
25.4
-

On-balance
sheet
1,324.3
164.7
17.3
4.1
12.8
-

Exposure on
resecuritizations
25.2
84.1
0.5
-

As of September 30, 2013
Offbalance
Exposure on
sheet resecuritizations
29.2
6.5
3.2
-

22.0
1,545.5

109.9

On-balance
sheet
1,804.9
229.4
43.5
2.8
13.8
64.6
2,159.4

Total
1,814.2
240.4
43.5
2.8
17.8
65.8
2,184.8

Exposure on
resecuritizations
48.9
73.4
0.5
0.2
10.2
133.3
(Billions of yen)RiskweightUp to 20%
Up to 50%
Up to 100%
Up to 250%
Up to 650%
Less than
1,250%
1,250%

Total

1.0
40.1

-

Total
1,353.6
171.3
17.3
4.1
16.1
-

Exposure on
resecuritizations
25.2
84.1
0.5
-

23.1
1,585.7

109.9

─Amount of required capital by risk weight category─(Billions of yen)

Up to 20%
Up to 50%
Risk
Up to 100%weightUp to 250%
Up to 650%
Over 650%
Deduction from capital
Total

Exposure on
resecuritizations
0.8
1.6
0.0
0.1
0.8
3.4

As of September 30, 2012
Offbalance
Exposure on
sheet resecuritizations
0.0
0.2
1.1
1.1
2.5
-

On-balance
sheet
9.0
4.6
1.2
0.8
4.7
-

Exposure on
resecuritizations
0.4
2.5
0.0
-

As of September 30, 2013
Offbalance
Exposure on
sheet resecuritizations
0.2
0.1
0.9
-

22.8
43.4

3.0

On-balance
sheet
12.3
5.8
3.2
0.6
5.1
55.0
82.3

Total
12.4
6.0
3.2
0.6
6.2
56.2
84.8

Exposure on
resecuritizations
0.8
1.6
0.0
0.1
0.8
3.4
(Billions of yen)RiskweightTotal

Up to 20%
Up to 50%
Up to 100%
Up to 250%
Up to 650%
Less than
1,250%
1,250%

1.1
2.3

44

-

Total
9.2
4.8
1.2
0.8
5.6
-

Exposure on
resecuritizations
0.4
2.5
0.0
-

23.9
45.8

3.0

─Credit risk mitigation against exposure on resecuritizations─RiskweightAs of September 30,
2012
35.4
35.4

Up to 20%
Up to 50%
Up to 100%
Up to 250%
Up to 650%
Over 650%

Total(Billions of yen)
As of September 30,
2013
17.4
17.4

Note:
The above table shows the exposure on resecuritizations based on the risk weight after taking into consideration the effect of method
to mitigate credit risk.
─Credit risk-weighted assets calculated pursuant to Article 15 of Supplementary Provisions of the FSA Notice No. 20─
(Billions of yen)
As of September 30,
As of September 30,
2012
2013
Credit risk-weighted assets calculated pursuant to Article 15 ofSupplementary Provisions of the FSA Notice No. 20

In addition to the above, within the provision of credit in
the form of eligible servicer cash advance, set forth in
Article 246 of the FSA Notice No. 20, there was an
undrawn portion to which no required capital is allocated.

The balances of such portion as of September 30, 2012 and2013 were ¥87.0billion and ¥103.6billion, respectively.

45

○ Securitization exposure as originator (for calculation of market risk equivalent amounts)(F) Information by type of underlying assets

Creditcards
Traditional securitizations
Amount of underlying assets (a)Amount of exposures
securitized during the six-month
periodGains and losses recognized onsales during the six-month
periodSecuritization subject to early
amortization treatment
Synthetic securitizations
Amount of underlying assets (b)Amount of exposures
securitized during the six-month
periodGains and losses recognized onsales during the six-month
periodTotal amount of underlying assets(a)+(b)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,040.0---

1,040.0
-

-

-

-

-

-

-

-

-

-

-

-

-

1,040.0--

1,040.0

Creditcards
Traditional securitizations
Amount of underlying assets (a)Amount of exposures
securitized during the six-month
periodGains and losses recognized onsales during the six-month
periodSecuritization subject to early
amortization treatment
Synthetic securitizations
Amount of underlying assets (b)Amount of exposures
securitized during the six-month
periodGains and losses recognized onsales during the six-month
periodTotal amount of underlying assets(a)+(b)(Billions of yen)
As of, or for the six months ended, September 30, 2012
Residential
Lease
Securitimortgage Autopayment CorporzationRealloans loans
receivables-ate estate products
Total(Billions of yen)
As of, or for the six months ended, September 30, 2013
SecuritiLease
Residential
zationpayment CorporRealmortgage Auto
Total
receivablesloans loans-ate estate products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10.0
-

-

-

10.0
-

-

-

-

-

-

-

-

-

-

-

-

-

10.0

-

-

10.0

Note:
Classification based on type of underlying assets is conducted according to the principal underlying asset type for eachtransaction.

46

─Exposure intended to be securitized─
(Billions of yen)

Exposure intended to be
securitized

Creditcards-

Residential
mortgage
loans
-

Auto
loans
-

As of September 30, 2012
Lease
Real
payment
estat
Corporreceivables
-ate
e
-

Auto
loans
-

As of September 30, 2013
Lease
payment CorporReal
receivables-ate estate-

Securitization
products
-

Total
-

(Billions of yen)

Exposure intended to be
securitized

Creditcards-

Residential
mortgageloans-

Securitization
products
-

Total
-

(G) Information of securitization exposure retained or purchased
─Exposure by type of underlying asset─
(Billions of yen)On-balance sheet
Exposure on resecuritizations
Off-balance sheet
Exposure on resecuritizations
Total
Exposure on resecuritizations
Exposure on securitizations
deducted from capital
Exposure whose underlying
assets are overseas assets

As of September 30, 2012
Lease
payment
Real
receivables Corporate
estate
5.8
17.9
23.8
-

Creditcards-

Residential
mortgage
loans
-

Auto
loans
-

-

-

-

-

0.0

-

-

-

-

0.0

Securitization
products
-

Total
5.8
17.9
23.8
-

-

-

0.0

-

-

0.0

(Billions of yen)On-balance sheet
Exposure on resecuritizations
Off-balance sheet
Exposure on resecuritizations
Total
Exposure on resecuritizations
Exposure on securitizations towhich a risk weight of 100%is applied
Exposure whose underlying
assets are overseas assets

As of September 30, 2013
Lease
payment
Real
receivables Corporate
estate0.0
0.0-

Creditcards-

Residential
mortgage
loans
-

Auto
loans
-

-

-

-

-

0.0

-

-

-

-

0.0

Securitization
products
-

Total
0.0
0.0
-

-

-

0.0

-

-

0.0

Notes:
1. Classification based on type of underlying asset is conducted according to the principal underlying asset type for each transaction.
2. “Exposure whose underlying assets are overseas assets” is classified based on the principal underlying asset type for eachtransaction.

47

─Exposure by risk capital charge category─(Billions of yen)
As of September 30, 2012

Up to 1.6%
Up to 4%Up to 8%Up to 20%
Up to 52%
Over 52%
Deduction from capital
Total
Risk
capitalchargeOn-balance
sheet
3.5
2.3
0.0
5.8

Exposure on
resecuritizations-

Off-balance
sheet
4.8
9.7
3.3
17.9

Exposure on
resecuritizations
-

Total
8.4
12.0
3.3
0.0
23.8

Exposure on
resecuritizations(Billions of yen)

As of September 30, 2013

Risk
capitalchargeTotal

On-balance
sheet
Up to 1.6%
Up to 4%Up to 8%Up to 20%
Up to 52%
Less than 100%
100%
0.0
0.0

Exposure on
resecuritizations-

Off-balance
sheet-

Exposure on
resecuritizations
-

Total
0.0
0.0

Exposure on
resecuritizations-

─Amount of required capital by risk capital charge category─(Billions of yen)
As of September 30, 2012

Up to 1.6%
Up to 4%Up to 8%Up to 20%
Up to 52%
Over 52%
Deduction from capital
Total
Risk
capitalchargeOn-balance
sheet
0.1
0.1
0.0
0.3

Exposure on
resecuritizations-

Off-balance
sheet
0.1
0.5
0.3
1.1

Exposure on
resecuritizations
-

Total
0.3
0.7
0.3
0.0
1.4

Exposure on
resecuritizations(Billions of yen)

As of September 30, 2013

Risk
capitalchargeTotal

On-balance
sheet
Up to 1.6%
Up to 4%Up to 8%Up to 20%
Up to 52%
Less than 100%
100%
0.0
0.0

Exposure on
resecuritizations-

Off-balance
sheet
-

48

Exposure on
resecuritizations
-

Total
0.0
0.0

Exposure on
resecuritizations-

─Subject to Comprehensive Risk Measure─(Billions of yen)
As of September 30, 2012
Securitizations
Resecuritizations
Total amount of securitization
exposure
Total amount of required capital

-

-

-

-

─Subject to Comprehensive Risk Measure─(Billions of yen)
As of September 30, 2013
Securitizations
Resecuritizations
Total amount of securitization
exposure
Total amount of required capital

-

-

-

-

─Capital increase due to securitization transactions─(Billions of yen)

Capital increase due tosecuritization transactions

Creditcards

Residential
mortgage
loans

Auto
loans

-

-

-

As of September 30, 2012
Lease
payment
receivables Corporate
-

-

Real
estateSecuritization
products

Total

-

-

-

(Billions of yen)

Capital increase due tosecuritization transactions

Creditcards

Residential
mortgage
loans

Auto
loans

-

-

-

As of September 30, 2013
Lease
payment
receivables Corporate
-

-

Real
estateSecuritization
products

Total

-

-

-

○ Securitization exposure as sponsor of securitization programs (ABCP/ABL) (for calculation of market risk equivalentamounts)(H) Information by type of underlying assets
None as of September 30, 2012 and 2013(I) Information of securitization exposure retained or purchased
None as of September 30, 2012 and 201349

○ Securitization exposure as investor (for calculation of market risk equivalent amounts)(J) Information of securitization exposure retained or purchased
─Exposure by type of underlying asset─
(Billions of yen)On-balance sheet
Exposure on
resecuritizations
Off-balance sheet
Exposure on
resecuritizations
Total
Exposure on
resecuritizations
Exposure on
securitizations
deducted from capital
Exposure whose
underlying assets areoverseas assets

As of September 30, 2012
Lease
payment
Autoloans receivables Corporate
8.1
0.0
16.0

Creditcards
0.1

Residential
mortgage
loans
2.8

-

-

-

-

-

-

-

-

-

0.1

Real
estate6.2

Others
2.8

Total
36.4

-

-

0.2

0.2

-

-

-

-

-

-

-

-

-

-

-

2.8

8.1

0.0

16.0

6.2

2.8

36.4

-

-

-

-

-

-

0.2

0.2

0.0

1.3

-

0.0

8.2

1.1

0.2

11.1

0.1

2.5

8.1

-

0.0

0.0

0.6

11.5

(Billions of yen)On-balance sheet
Exposure on
resecuritizations
Off-balance sheet
Exposure on
resecuritizations
Total
Exposure on
resecuritizations
Exposure on
securitizations towhich a risk weight of
100% is applied
Exposure whose
underlying assets areoverseas assets

As of September 30, 2013
Lease
payment
Autoloans receivables Corporate
18.2
0.3

CreditCards
5.1

Residential
mortgage
loans
2.5

-

-

-

-

-

-

-

-

-

5.1

Real
estate4.5

Others
3.4

Total
34.2

-

-

2.4

2.4

-

-

-

-

-

-

-

-

-

-

-

2.5

18.2

-

0.3

4.5

3.4

34.2

-

-

-

-

-

-

2.4

2.4

-

2.4

-

-

0.2

1.3

0.2

4.2

5.1

2.2

18.2

-

0.0

2.3

2.4

30.3

Notes:
1. Classification based on type of underlying assets is conducted according to the principal underlying asset type for eachtransaction. Transactions that are difficult to classify are included under “Others.”
2. “Credit cards” include shopping credit receivables, card loans, etc.
3. The classification of transactions of which the underlying assets are overseas assets is conducted according to the principal
underlying assets of each transaction.
4. “Exposure on resecuritizations” are classified following Article 1, Paragraph 2-2 of the FSA Notice No. 20 (hereinafter the same).

50─Exposure by risk capital charge category─(Billions of yen)
As of September 30, 2012

Up to 1.6%
Up to 4%Risk
Up to 8%
capital
Up to 20%
chargeUp to 52%
Over 52%
Deduction from capital
Total

On-balance
sheet
12.0
2.1
5.5
5.5
11.1
36.4

Exposure on Off-balance
sheet
resecuritizations
0.2
0.2
-

Exposure on
resecuritizations
-

Total
12.0
2.1
5.5
5.5
11.1
36.4

Exposure on
resecuritizations
0.2
0.2(Billions of yen)

As of September 30, 2013

Risk
capitalchargeTotal

On-balance
sheet
Up to 1.6%
22.5
Up to 4%
2.7
Up to 8%
4.7
Up to 20%
Up to 52%
Less than 100%
100%
4.2
34.2

Exposure on Off-balance
sheet
resecuritizations
2.2
0.2
2.4
-

Exposure on
resecuritizations
-

Total
22.5
2.7
4.7
4.2
34.2

Exposure on
resecuritizations
2.2
0.2
2.4

─Amount of required capital by risk capital charge category─(Billions of yen)
As of September 30, 2012

Up to 1.6%
Up to 4%Risk
Up to 8%
capital
Up to 20%
chargeUp to 52%
Over 52%
Deduction from capital
Total

On-balance
sheet
0.1
0.0
0.4
1.5
11.1
13.4

Exposure on Off-balance
sheet
resecuritizations
0.2
0.2
-

Exposure on
resecuritizations
-

Total
0.1
0.0
0.4
1.5
11.1
13.4

Exposure on
resecuritizations
0.2
0.2(Billions of yen)

As of September 30, 2013

Risk
capitalchargeTotal

On-balance
sheet
Up to 1.6%
0.3
Up to 4%0.1
Up to 8%0.3
Up to 20%
Up to 52%
Less than 100%
100%
4.2
5.0

Exposure on Off-balance
sheet
resecuritizations
0.1
0.2
0.3
-

Exposure on
resecuritizations
-

Total
0.3
0.1
0.3
4.2
5.0

Exposure on
resecuritizations
0.1
0.2
0.3

─Subject to Comprehensive Risk Measure─

Total amount of securitization exposure
Total amount of required capital(Billions of yen)
As of September 30, 2012
Securitization Resecuritiation-

Total amount of securitization exposure
Total amount of required capital(Billions of yen)
As of September 30, 2013
Securitization Resecuritiation-

51

■ Market risk
○ Trading activities
The following table shows VaR (Value at Risk) figures of our trading activities:
For the six months
ended September 30,
2012
3.3
4.3
2.6
2.8
1

For the fiscal year
ended March 31,
2013
3.5
4.6
2.6
3.4
1

(Billions of yen)
For the six months
ended September 30,
2013
5.8
7.0
3.3
5.4
1

End of period
Maximum
Minimum
Average
The number of cases where assumptive losses
exceeded VaR during the period
Notes:
1. Amount of market risk (VaR) is calculated based on the internal model.
2. The multiplication factor for the calculation of market risk equivalent is determined by the number of cases whereassumptive losses exceeded VaR before 250 business days prior to the end of period.
3. Our group companies which conduct trading activities are Mizuho Bank, Mizuho Trust & Banking and Mizuho
Securities, etc.
VaR method:
Linear risk:
Non-linear risk:
VaR
Quantitative standard:variance co-variance model
Monte-Carlo simulation
Simple aggregation of linear risk and non-linear risk
1. confidence interval: one-tailed 99.0%;
2. holding period: 1 day; and3. historical observation period of one year (265 business days)

VaR (Value at Risk)
The VaR method measures the maximum possible loss that could be incurred due to market movements within a certain time period (orholding period) and degree of probability (or confidence interval).
Back testing
The Back testing is one of the methods to evaluate the effectiveness of market risk measurements calculated using the VaR method thatcompares VaR and amount of losses (we compare VaR with assumptive profits and losses). The number of cases where assumptive
losses exceeded VaR is the number of times in which losses exceeded VaR during the corresponding period.
The following table shows stressed VaR figures of our trading activities:

End of period
Maximum
Minimum
Average
Stressed VaR method:
Linear risk:
Non-linear risk:
Stressed VaR
Quantitative standard:

For the six months
ended September 30,
2012
6.2
8.2
4.0
5.2

For the fiscal year
ended March 31,
2013
9.2
12.0
5.0
8.0

(Billions of yen)
For the six months
ended September 30,
2013
9.9
15.0
8.4
11.4

variance co-variance model
Monte-Carlo simulation
Simple aggregation of linear risk and non-linear risk
1. confidence interval: one-tailed 99.0%;
2. holding period: 1 day; and3. historical observation period of one year of significant financial stress (265 business days)

Stressed VaR
The stressed VaR measurement is based on a continuous 12-month period of significant financial stress.

52

○ Outlier criteria
The following table shows results of calculations under the outlier framework:
Amount of loss
As of September 30, 2012
As of March 31, 2013
As of September 30, 2013
Effect of yen interest rate
Effect of dollar interest rate
Effect of euro interest rate

427.4
499.1
340.8
88.2
186.8
43.7

Broadly-defined
capital7,665.1
8,344.5
8,806.6
n.a.
n.a.
n.a.

(Billions of yen)
Loss ratio
to capital
5.5%
5.9%
3.8%
n.a.
n.a.
n.a.

Outlier criteria
As part of the capital adequacy requirements under Basel III, the losses arising from a banking book in hypothetical interest rate shock
scenarios under certain stress conditions are calculated and compared with the sum of Tier 1 and Tier 2 capital. If the interest rate riskof the banking book leads to an economic value decline of more than 20% of the sum of Tier 1 and Tier 2 capital, we will be deemed an“outlier” and may be required to reduce the banking book risk or adopt other responses.
Interest rate shock scenario under stress conditions in outlier criteria
For the interest rate shock scenario used in connection with the calculations under the outlier framework, we generate annual rate
fluctuation data for five years derived from daily raw historical interest rate data of the past six years and then apply the actualfluctuation data at a 99.0% confidence level to the shock scenario.

53

■ Equity exposure in banking book(8) Status of equity exposure in banking book(A) Amounts stated in consolidated balance sheet
As of September 30, 2012
Consolidatedbalance sheet
amountFair value
2,227.0
2,229.9459.4/
2,686.4/(Billions of yen)
As of September 30, 2013
Consolidatedbalance sheet
amountFair value
3,447.6
3,654.9378,9/3,826.6/

Exposure of listed stock, etc.
Other equity exposure
Total
Notes:
1. The above figures include only Japanese and foreign stocks.
2. With the introduction of Basel III from the fiscal year ended March 31, 2013, we partially revised the method of counting equity
exposure, and we applied the same method in counting the exposure as of September 30, 2012.
(B) Gains and losses on sales related to equity exposure
For the six months ended September 30,
2012
Gains andlosses on
Gains onLosses on
sales
sales
sales
20.5
26.3
5.8

(Billions of yen)
For the six months ended September 30,
2013
Gains andlosses on
Gains onLosses on
sales
sales
sales
42.1
45.2
3.1

Sale of equity exposure
Note:
The above figures represent gains and losses on sales of stocks in our consolidated statement of income.
(C) Gains and losses from write-offs related to equity exposure
For the six months ended
September 30, 2012
Gains and losses fromwrite-offs(247.2)(Billions of yen)
For the six months ended
September 30, 2013
Gains and losses fromwrite-offs(4.4)

Write-offs of equity exposure
Note:
The above figures represent gains and losses on devaluation of stocks in our consolidated statement of income.

(D) Unrealized gains and losses recognized in the consolidated balance sheet and not recognized in the consolidated statementof income(Billions of yen)
As of September 30, 2012
As of September 30, 2013
Net
Net
unrealized
unrealized
Unrealized
Unrealized
Unrealized
Unrealized
gains
gains
gains
lossesgains
lossesEquity exposure
17.7
332.6
314.9
1,194.6
1,290.9
96.2
Notes:
1. The above figures include only Japanese and foreign stocks.
2. With the introduction of Basel III from the fiscal year ended March 31, 2013, we partially revised the method of counting equity
exposure, and we applied the same method in counting the exposure as of September 30, 2012.

54

(E) Unrealized gains and losses not recognized in the consolidated balance sheet or in the consolidated statement of income(Billions of yen)
As of September 30, 2012
As of September 30, 2013

Net
2.9

Unrealized
gains
20.7

Unrealized
losses
17.7

Net
207.2

Unrealized
gains
220.5

Unrealized
losses13.3

Equity exposure
Notes:
1. The above figures include only Japanese and foreign stocks.
2. With the introduction of Basel III from the fiscal year ended March 31, 2013, we partially revised the method of counting equity
exposure, and we applied the same method in counting the exposure as of September 30, 2012.
(F) Equities exposure by portfolio classification

PD/LGD approach
Market-based approach (simple risk weight method)
Market-based approach (internal models approach)Transitional measure applied
Total

As of September 30, 2012
856.6
244.2
1,786.7
2,887.5

55(Billions of yen)
As of September 30, 2013
1,212.5
413.3
2,666.4
4,292.3