# EDGAR Filing Document

**Accession Number:** 0001335730
**File Stem:** 0001193125-23-022021
**Filing Date:** 2023-2
**Character Count:** 177493
**Document Hash:** 3ca1781c25494b4114d95476424a6522
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-022021.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001193125-23-022021

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230202

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MIZUHO FINANCIAL GROUP INC
- **CENTRAL INDEX KEY:** 0001335730
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33098
- **FILM NUMBER:** 23578691

**BUSINESS ADDRESS:**
- **STREET 1:** 1-5-5, OTEMACHI
- **CITY:** CHIYODA-KU, TOKYO
- **STATE:** M0
- **ZIP:** 100-8176
- **BUSINESS PHONE:** 81-3-5224-1111

**MAIL ADDRESS:**
- **STREET 1:** 1-5-5, OTEMACHI
- **CITY:** CHIYODA-KU, TOKYO
- **STATE:** M0
- **ZIP:** 100-8176

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 6-K** 

**REPORT OF FOREIGN PRIVATE ISSUER** 

**PURSUANT TO RULE 13a-16 OR 15d-16** 

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**For the month of February 2023** 

**Commission File Number 001-33098** 

## Mizuho Financial Group, Inc.
(Translation of registrant's name into English)

**5-5, Otemachi 1-chome** 

**Chiyoda-ku, Tokyo 100-8176** 

**Japan** 

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ☐ No ☒

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-<u> </u>.

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THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE INTO THE PROSPECTUS FORMING A PART OF MIZUHO FINANCIAL GROUP, INC.'S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-266555) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| Date: | February 2, 2023 |
| Mizuho Financial Group, Inc. | Mizuho Financial Group, Inc. |
| By: | /s/ Makoto Umemiya |
| Name: | Makoto Umemiya |
| Title: | Deputy President & Senior Executive Officer / Group CFO |

---

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**For Immediate Release:** 

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| | |
|:---|:---|
| **Consolidated Financial Statements for the Third Quarter of Fiscal 2022**<br> **(Nine months ended December 31, 2022)**<br> **(Under Japanese GAAP)** | ![LOGO](g430332g13w71.jpg) |

---

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| | | |
|:---|:---|:---|
| Company Name: | **Mizuho Financial Group, Inc. ("MHFG")** | February 2, 2023 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Stock Code Number (Japan): | 8411 |  |  |  |
| Stock Exchange Listings: | Tokyo Stock Exchange (Prime Market), New York Stock Exchange | Tokyo Stock Exchange (Prime Market), New York Stock Exchange |  |  |
| URL: | https://www.mizuhogroup.com | https://www.mizuhogroup.com |  |  |
| Representative: | Masahiro Kihara | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President & Group CEO |  |  |
| For Inquiry: | Yasutoshi Tanaka | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Manager of Accounting | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Phone: | +81-3-6838-6101 |
| Filing of Shihanki Hokokusho (scheduled): | Filing of Shihanki Hokokusho (scheduled): | February 14, 2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Accounts:  | Established |
| Commencement of Dividend Payment (scheduled): | Commencement of Dividend Payment (scheduled): |  |  |  |
| Supplementary Materials on Quarterly Results: | Supplementary Materials on Quarterly Results: | Attached |  |  |
| IR Conference on Quarterly Results: | IR Conference on Quarterly Results: | Scheduled |  |  |

---

Amounts less than one million yen are rounded down.

**1. Financial Highlights for the Third Quarter of Fiscal 2022 (for the nine months ended December 31, 2022)** 

**(1) Consolidated Results of Operations (Accumulated Period)** 

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) | <br> (%: Changes from the corresponding period of the previous fiscal year) |  |
|  | **Ordinary Income** | **Ordinary Income** | **Ordinary Income** |  | **Ordinary Profits** | **Ordinary Profits** | **Ordinary Profits** |  | **Profit**<br>**Attributable to**<br>**Owners of Parent** | **Profit**<br>**Attributable to**<br>**Owners of Parent** | **Profit**<br>**Attributable to**<br>**Owners of Parent** |  |
|  | **¥ million** | **%** | **%** |  | **¥ million** | **%** | **%** |  | **¥ million** | **%** | **%** |  |
|  3Q F2022 | 4308147 | | *83.6* | | 658150 | | *32.2* | | 543277 | | *13.5* | |
|  3Q F2021 | 2345453 | | *1.3* | | 497656 | | *10.8* | | 478656 | | *35.0* | |

---

---

| | |
|:---|:---|
| Note: | Comprehensive Income:<br> 3Q F2022: ¥86,714 million, (65.4) %; 3Q F2021: ¥250,949 million, (56.4)% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Net Income**<br>**per Share of**<br>**Common Stock** | **Net Income**<br>**per Share of**<br>**Common Stock** | **Diluted Net Income**<br>**per Share of**<br>**Common Stock** | **Diluted Net Income**<br>**per Share of**<br>**Common Stock** |
|  | **¥** | **¥** | **¥** | **¥** |
|  3Q F2022 |  | 214.36 |  | 214.36 |
|  3Q F2021 |  | 188.82 |  | 188.81 |

---

**(2) Consolidated Financial Conditions** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Total Assets** | **Total Net Assets** | **Own Capital Ratio** |
|  | **¥ million** | **¥ million** | **%** |
|  3Q F2022 | 251791239 | 9028634 | 3.5 |
|  Fiscal 2021 | 237066142 | 9201031 | 3.8 |

---

Reference: Own Capital: As of December 31, 2022: ¥8,952,878 million; As of March 31, 2022: ¥9,077,382 million

---

| | |
|:---|:---|
| Note: | Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Non-controlling Interests) / Total Assets × 100<br> Own Capital Ratio stated above is not calculated based on the public notice of Own Capital Ratio. |

---

**2. Cash Dividends for Shareholders of Common Stock** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Annual Cash Dividends per Share** | **Annual Cash Dividends per Share** | **Annual Cash Dividends per Share** | **Annual Cash Dividends per Share** | **Annual Cash Dividends per Share** |
|  | **First**<br>**Quarter-end** | **Second**<br>**Quarter-end** | **Third**<br>**Quarter-end** | **Fiscal**<br>**Year-end** | **Total** |
|  | **¥** | **¥** | **¥** | **¥** | **¥** |
|  Fiscal 2021 |  | 40.00 |  | 40.00 | 80.00 |
|  Fiscal 2022 |  | 42.50 |  |  |  |
|  Fiscal 2022 (estimate) |  |  |  | 42.50 | 85.00 |

---

Note: Revision of the latest announced estimates for cash dividends for shareholders of common stock: No

**3. Consolidated Earnings Estimates for Fiscal 2022 (for the fiscal year ending March 31, 2023)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | (%: Changes from the previous fiscal year) | (%: Changes from the previous fiscal year) | (%: Changes from the previous fiscal year) | (%: Changes from the previous fiscal year) | (%: Changes from the previous fiscal year) |
|  | **Profit**<br>**Attributable to**<br>**Owners of**<br>**Parent** | **Profit**<br>**Attributable to**<br>**Owners of**<br>**Parent** | **Profit**<br>**Attributable to**<br>**Owners of**<br>**Parent** |  | **Net Income**<br>**per Share of**<br>**Common Stock** |
|  | **¥ million** | **%** | **%** |  | **¥** |
|  Fiscal 2022 | 540000 | | *1.7* | | 213.06 |

---

---

| | | |
|:---|:---|:---|
|  Notes: | 1. | Revision of the latest announced earnings estimates for fiscal 2022: No |
|  | 2. | The number of shares of common stock used in the above per share information is based on the weighted average of the average number of outstanding shares during 1Q, 2Q and 3Q and the number of outstanding shares as of December 31, 2022 (which is used as a proxy for the average number of outstanding shares during the remainder of the relevant period). |

---

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**Notes** 

**(1) Changes in Significant Subsidiaries during the Period (changes in specified subsidiaries accompanying changes in the scope of consolidation):** No

**(2) Adoption of Specified Accounting Methods for the Preparation of Quarterly Consolidated Financial Statements:** No

**(3) Changes in Accounting Policies and Accounting Estimates / Restatements** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Changes in accounting policies due to revisions of accounting standards: Yes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Changes in accounting policies other than i above: No

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Changes in accounting estimates: No

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Restatements: No

Note: For more information, please refer to "1.(1) Changes in Accounting Policies and Accounting Estimates / Restatements" on page 1-2 of the attachment.

**(4) Issued Shares of Common Stock** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| i. Period-end issued shares (including treasury stock): | As of December 31, 2022 | 2,539,249,894 shares | As of March 31, 2022 | 2,539,249,894 shares |
| ii. Period-end treasury stock: | As of December 31, 2022 | 4,972,755 shares | As of March 31, 2022 | 4,659,024 shares |
| iii. Average outstanding shares (accumulated period): | 3Q Fiscal 2022 | 2,534,327,656 shares | 3Q Fiscal 2021 | 2,534,973,142 shares |

---

This immediate release is outside the scope of quarterly review.

*This immediate release contains statements that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including estimates, forecasts, targets and plans. Such forward-looking statements do not represent any guarantee by management of future performance.*<br> *In many cases, but not all, we use such words as "aim," "anticipate," "believe," "endeavor," "estimate," "expect," "intend," "may," "plan," "probability," "project," "risk," "seek," "should," "strive," "target" and similar expressions in relation to us or our management to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements reflect our current views with respect to future events and are subject to risks, uncertainties and assumptions.*<br> *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: impact of geopolitical disruptions and the corona virus pandemic; intensification of competition in the market for financial services; 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; impairment of the carrying value of our long-lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our 5-Year Business Plan 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.*<br> *Further information regarding factors that could affect our financial condition and results of operations is included in "Item 3. D. Key Information-Risk*<br> *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*<br> *Commission ("SEC") and our report on Form 6-K furnished to the SEC on December 28, 2022, both of which are available in the Financial Information section of our web page at www.mizuhogroup.com and also at the SEC's web site at www.sec.gov.*<br> *We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange.*<br>

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*Mizuho Financial Group, Inc.* 

🔾 Contents of Attachment

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| | |
|:---|:---|
| 1. Matters Related to Summary Information (Notes) | p. 1-2 |
| &nbsp;&nbsp;&nbsp;&nbsp;(1) Changes in Accounting Policies and Accounting Estimates / Restatements | p. 1-2 |
| 2. Quarterly Consolidated Financial Statements and Others | p. 1-3 |
| &nbsp;&nbsp;&nbsp;&nbsp;(1) Consolidated Balance Sheets | p. 1-3 |
| &nbsp;&nbsp;&nbsp;&nbsp;(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income | p. 1-5 |
| &nbsp;&nbsp;&nbsp;&nbsp;(3) Note for Assumption of Going Concern | p. 1-7 |
| &nbsp;&nbsp;&nbsp;&nbsp;(4) Note for Significant Changes in the Amount of Shareholders' Equity | p. 1-7 |
| &nbsp;&nbsp;&nbsp;&nbsp; ※SELECTED FINANCIAL INFORMATION For the Third Quarter of Fiscal 2022 |  |

---

Note to XBRL

Please note that the names of the English accounts contained in XBRL data, which are available through EDINET and TDNet, may be different from those of the English accounts in our financial statements.

1-1

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*Mizuho Financial Group, Inc.* 

**1. Matters Related to Summary Information (Notes)** 

**(1) Changes in Accounting Policies and Accounting Estimates / Restatements** 

(Changes in Accounting Policies)

(Implementation Guidance on Accounting Standard for Fair Value Measurement)

MHFG has applied "Implementation Guidance on Accounting Standard for Fair Value Measurement" (ASBJ Guidance No.31, June 17, 2021 (referred to as "Fair Value Accounting Standard Implementation Guidance")) from the beginning of the first quarter ended June 30, 2022. In accordance with the transitional treatment set out in Article 27-2 of "Fair Value Accounting Standard Implementation Guidance", MHFG applies the new accounting policy set forth in "Fair Value Accounting Standard Implementation Guidance" prospectively. As a result, some Investment trusts and others are calculated using net asset value, etc., as of the calculation date of the fair value.

1-2

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*Mizuho Financial Group, Inc.* 

**2. Quarterly Consolidated Financial Statements and Others** 

**(1) Consolidated Balance Sheets** 

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| | | |
|:---|:---|:---|
|  | ***Millions of yen*** | ***Millions of yen*** |
|  | **As of**<br>**March 31, 2022** | **As of**<br>**December 31, 2022** |
|  **Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and Due from Banks | ¥51359301 | ¥56839849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Call Loans and Bills Purchased | 940008 | 1052561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables under Resale Agreements | 12750363 | 14333722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee Deposits Paid under Securities Borrowing Transactions | 2340089 | 1770292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Debt Purchased | 3476021 | 4041909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Assets | 13221415 | 19809108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Held in Trust | 591183 | 583626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | 44641060 | 35665864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and Bills Discounted | 84736280 | 91230919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchange Assets | 2627492 | 2961851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives other than for Trading Assets | 2277160 | 3590376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Assets | 7797796 | 8486862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tangible Fixed Assets | 1095977 | 1097941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible Fixed Assets | 601292 | 598884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Defined Benefit Asset | 863217 | 773335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Assets | 184594 | 428485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customers' Liabilities for Acceptances and Guarantees | 8346878 | 9231896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserves for Possible Losses on Loans | (783886) | (706244) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Possible Losses on Investments | (107) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | ¥237066142 | ¥251791239 |

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1-3

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*Mizuho Financial Group, Inc.* 

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| | | |
|:---|:---|:---|
|  | ***Millions of yen*** | ***Millions of yen*** |
|  | **As of**<br>**March 31, 2022** | **As of**<br>**December 31, 2022** |
|  **Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | ¥138830872 | ¥143491614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Negotiable Certificates of Deposit | 16868931 | 18940503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Call Money and Bills Sold | 1278050 | 1447299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payables under Repurchase Agreements | 20068779 | 22493570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee Deposits Received under Securities Lending Transactions | 1172248 | 430910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | 1775859 | 2009782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Liabilities | 9608976 | 16071186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowed Money | 6590527 | 2435971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchange Liabilities | 1508453 | 802717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term Bonds | 537167 | 525867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds and Notes | 10714004 | 10856934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to Trust Accounts | 1167284 | 1529791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives other than for Trading Liabilities | 2770852 | 4314108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Liabilities | 6301484 | 7902609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Bonus Payments | 120052 | 71453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Variable Compensation | 2278 | 1784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Defined Benefit Liability | 71774 | 71708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Director and Corporate Auditor Retirement Benefits | 557 | 509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Possible Losses on Sales of Loans | 1309 | 12358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Contingencies | 6622 | 13196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Reimbursement of Deposits | 17620 | 14582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Reimbursement of Debentures | 10504 | 8219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserves under Special Laws | 3132 | 3132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Liabilities | 30923 | 21395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Liabilities for Revaluation Reserve for Land | 59962 | 59499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acceptances and Guarantees | 8346878 | 9231896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | ¥227865110 | ¥242762605 |
|  **Net Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock | ¥2256767 | ¥2256767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Surplus | 1125324 | 1129388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Earnings | 4756435 | 5091194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury Stock | (8342) | (8607) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Shareholders' Equity** | 8130185 | 8468742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Gains (Losses) on Other Securities | 719822 | 230046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Gains or Losses on Hedges | (76757) | (227046) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revaluation Reserve for Land | 132156 | 131108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Translation Adjustments | 2346 | 224296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of Defined Benefit Plans | 169652 | 125734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Own Credit Risk Adjustments, Net of Tax | (23) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Accumulated Other Comprehensive Income** | 947197 | 484136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Stock Acquisition Rights** | 94 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Controlling Interests** | 123555 | 75750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Net Assets** | 9201031 | 9028634 |
|  **Total Liabilities and Net Assets** | ¥237066142 | ¥251791239 |

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1-4

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*Mizuho Financial Group, Inc.* 

**(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income** 

**Consolidated Statements of Income** 

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| | | |
|:---|:---|:---|
|  | ***Millions of yen*** | ***Millions of yen*** |
|  | **For the nine months**<br>**ended**<br>**December 31, 2021** | **For the nine months**<br>**ended**<br>**December 31, 2022** |
|  **Ordinary Income** | ¥2345453 | ¥4308147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Income | 932956 | 2050840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Loans and Bills Discounted* | *639491* | *1175714* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest and Dividends on Securities* | *179667* | *268434* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fiduciary Income | 44755 | 43548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Income | 648856 | 640453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Income | 275516 | 1056220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Operating Income | 239665 | 389222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Income | 203702 | 127861 |
|  **Ordinary Expenses** | 1847796 | 3649996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Expenses | 218683 | 1326742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Deposits* | *42572* | *495216* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Expenses | 127687 | 125607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Expenses |  | 843720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Operating Expenses | 99907 | 140296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and Administrative Expenses | 1010145 | 1057623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Expenses | 391372 | 156004 |
|  **Ordinary Profits** | 497656 | 658150 |
|  **Extraordinary Gains** | 67229 | 41945 |
|  **Extraordinary Losses** | 9779 | 10134 |
|  **Income before Income Taxes** | 555106 | 689961 |
|  Income Taxes: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current | 94980 | 104022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refund of Income Taxes | (270) | (9271) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred | (27757) | 47787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Income Taxes | 66951 | 142537 |
|  **Profit** | 488154 | 547423 |
|  **Profit Attributable to Non-controlling Interests** | 9497 | 4146 |
|  **Profit Attributable to Owners of Parent** | ¥478656 | ¥543277 |

---

1-5

------

*Mizuho Financial Group, Inc.* 

**Consolidated Statements of Comprehensive Income** 

---

| | | |
|:---|:---|:---|
|  | ***Millions of yen*** | ***Millions of yen*** |
|  | **For the nine months**<br>**ended**<br>**December 31, 2021** | **For the nine months**<br>**ended**<br>**December 31, 2022** |
|  Profit | ¥488154 | ¥547423 |
|  Other Comprehensive Income | (237204) | (460709) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Gains (Losses) on Other Securities | (154295) | (491119) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Gains or Losses on Hedges | (84735) | (150531) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Translation Adjustments | 72084 | 195641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of Defined Benefit Plans | (78465) | (43681) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Own Credit Risk Adjustments, Net of Tax |  | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of Other Comprehensive Income of Associates Accounted for Using Equity Method | 8207 | 28962 |
|  Comprehensive Income | 250949 | 86714 |
| (Breakdown) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive Income Attributable to Owners of Parent | 240222 | 81264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive Income Attributable to Non-controlling Interests | 10726 | 5450 |

---

1-6

------

*Mizuho Financial Group, Inc.* 

**(3) Note for Assumption of Going Concern** 

There is no applicable information.

**(4) Note for Significant Changes in the Amount of Shareholders' Equity** 

There is no applicable information.

1-7

------

**SELECTED FINANCIAL INFORMATION** 

**For the Third Quarter of Fiscal 2022** 

**(Nine months ended December 31, 2022)** 

**(Under Japanese GAAP)**![LOGO](g430332g50d02.jpg)

------

**C O N T E N T S** 

------

**Notes:**<br>**"CON":** Consolidated figures for Mizuho Financial Group, Inc. (**"**MHFG**"**)<br>**"NON":** Non-consolidated figures for Mizuho Bank, Ltd. (**"**MHBK**"**) and Mizuho Trust & Banking Co., Ltd. (**"**MHTB**"**)<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **FINANCIAL INFORMATION FOR THE THIRD QUARTER OF FISCAL 2022** | ***See above Notes*** | ***See above Notes*** | ***See above Notes*** | ***See above Notes*** |  | ***Page*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Income Analysis | | *CON* | | *NON* | | 2-1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Net Gains/Losses on Stocks | | *CON* | | *NON* | | 2-3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Unrealized Gains/Losses on Securities | | *CON* | | *NON* | | 2-4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Deferred Hedge Gains/Losses on Derivative Transactions Qualifying for Hedge Accounting | | *NON* | |  |  | 2-7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Status of Non Performing Loans based on the Banking Act ("BA") and the Financial Reconstruction Act ("FRA") | | *CON* | | *NON* | | 2-8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Status of Deposits and Loans | | *NON* | |  |  | 2-12 |
| **Attachments** |  |  |  |  |  | *Page* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Bank, Ltd. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparison of Non-Consolidated Balance Sheets (selected items) |  |  |  |  |  | 2-14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparison of Non-Consolidated Statements of Income (selected items) |  |  |  |  |  | 2-15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Trust & Banking Co., Ltd. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparison of Non-Consolidated Balance Sheets (selected items) |  |  |  |  |  | 2-16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparison of Non-Consolidated Statements of Income (selected items) |  |  |  |  |  | 2-17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Securities Co., Ltd. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparison of Non-Consolidated Balance Sheets (selected items) |  |  |  |  |  | 2-18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparison of Non-Consolidated Statements of Income (selected items) |  |  |  |  |  | 2-19 |

---

------

*This immediate release contains statements that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including estimates, forecasts, targets and plans. Such forward-looking statements do not represent any guarantee by management of future performance.* 

*In many cases, but not all, we use such words as "aim," "anticipate," "believe," "endeavor," "estimate," "expect," "intend," "may," "plan," "probability," "project," "risk," "seek," "should," "strive," "target" and similar expressions in relation to us or our management to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements reflect our current views with respect to future events and are subject to risks, uncertainties and assumptions.* 

*We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: impact of geopolitical disruptions and the corona virus pandemic; intensification of competition in the market for financial services; 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; impairment of the carrying value of our long-lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our 5-Year Business Plan 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") and our report on Form 6-K furnished to the SEC on December 28, 2022, both of which are available in the Financial Information section of our web page at www.mizuho-fg.com/index.html 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 forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange.* 

------

*Mizuho Financial Group, Inc.*

**FINANCIAL INFORMATION FOR THE THIRD QUARTER OF FISCAL 2022** 

**<u>1. Income Analysis</u>**

Consolidated

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | | **Third Quarter of Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2021**<br>**(Accumulated Period)** |
|  | | | **Change** | |
|  Consolidated Gross Profits | 1 | **1743.9** | 48.4 | 1695.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Income | 2 | **724.0** | 9.8 | 714.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fiduciary Income | 3 | **43.5** | (1.2) | 44.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Credit Costs for Trust Accounts* | 4 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Fee and Commission Income | 5 | **514.8** | (6.3) | 521.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Trading Income | 6 | **212.4** | (63.0) | 275.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Other Operating Income | 7 | **248.9** | 109.1 | 139.7 |
|  General and Administrative Expenses | 8 | **(1057.6)** | (47.4) | (1010.1) |
|  Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans) | 9 | **(70.1)** | 90.1 | (160.3) |
|  Gains on Reversal of Reserves for Possible Losses on Loans, and others | 10 | **4.7** | (7.6) | 12.3 |
|  Net Gains (Losses) related to Stocks | 11 | **47.4** | 77.3 | (29.8) |
|  Equity in Income from Investments in Affiliates | 12 | **20.6** | (2.7) | 23.3 |
|  Other | 13 | **(30.8)** | 2.4 | (33.2) |
|  Ordinary Profits | 14 | **658.1** | 160.4 | 497.6 |
|  Net Extraordinary Gains (Losses) | 15 | **31.8** | (25.6) | 57.4 |
|  Income before Income Taxes | 16 | **689.9** | 134.8 | 555.1 |
|  Income Taxes | 17 | **(142.5)** | (75.5) | (66.9) |
|  Profit | 18 | **547.4** | 59.2 | 488.1 |
|  Profit Attributable to Non-controlling Interests | 19 | **(4.1)** | 5.3 | (9.4) |
|  Profit Attributable to Owners of Parent | 20 | **543.2** | 64.6 | 478.6 |
|  Credit-related Costs (including Credit Costs for Trust Accounts) | 21 | **(65.3)** | 82.5 | (147.9) |
|  <br> Credit-related Costs [21] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans) [9] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [10] + Credit Costs for Trust Accounts [4] | <br> Credit-related Costs [21] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans) [9] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [10] + Credit Costs for Trust Accounts [4] | <br> Credit-related Costs [21] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans) [9] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [10] + Credit Costs for Trust Accounts [4] | <br> Credit-related Costs [21] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans) [9] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [10] + Credit Costs for Trust Accounts [4] | <br> Credit-related Costs [21] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Losses on Loans) [9] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [10] + Credit Costs for Trust Accounts [4] |
|  Reference: |  |  |  |  |
|  Consolidated Net Business Profits | 22 | **676.2** | (4.4) | 680.7 |
|  <br> Consolidated Net Business Profits [22] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> Consolidated Net Business Profits [22] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> Consolidated Net Business Profits [22] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> Consolidated Net Business Profits [22] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> Consolidated Net Business Profits [22] = 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 | 23 | **167** | 6 | 161 |
|  Number of affiliates under the equity method | 24 | **26** | 2 | 24 |

---

2-1

------

*Mizuho Financial Group, Inc.*

Non-Consolidated

**Aggregate Figures for the 2 Banks** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | | **Third Quarter of Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2021**<br>**(Accumulated Period)** | **Third Quarter of Fiscal 2021**<br>**(Accumulated Period)** |
|  | | **MHBK** | **MHBK** | **MHTB** | **MHTB** | **Aggregate**<br>**Figures** | **Aggregate**<br>**Figures** | **Change** | **Change** | | |
|  Gross Profits | 1 |  | **1048.7** |  | **77.1** |  | **1125.8** |  | 11.6 |  | 1114.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Income | 2 |  | **643.7** |  | **14.3** |  | **658.1** |  | 15.0 |  | 643.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fiduciary Income | 3 |  |  |  | **44.0** |  | **44.0** |  | (1.2) |  | 45.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Trust Fees for Jointly Operated Designated Money Trust* | 4 |  |  | **** | ***2.9*** | **** | ***2.9*** | | *0.0* | | *2.9* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Credit Costs for Trust Accounts* | 5 |  |  |  | **—** |  | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Fee and Commission Income | 6 |  | **285.3** |  | **18.9** |  | **304.3** |  | (3.5) |  | 307.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Trading Income | 7 |  | **(6.6** |  | **—** |  | **(6.6** |  | (49.9) |  | 43.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Other Operating Income | 8 |  | **126.2** |  | **(0.2** |  | **126.0** |  | 51.2 |  | 74.7 |
|  General and Administrative Expenses<br> (excluding Non-Recurring Losses) | 9 |  | **(568.1** |  | **(58.5** |  | **(626.6** |  | 7.1 |  | (633.8) |
|  Net Business Profits (before Reversal of (Provision for)<br> General Reserve for Losses on Loans) <sup>(1)</sup> | 10 |  | **480.6** |  | **18.6** |  | **499.2** |  | 18.7 |  | 480.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas <sup>(2)</sup> | 11 |  | **520.2** |  | **18.6** |  | **538.9** |  | 91.8 |  | 447.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Excluding Net Gains (Losses) from redemption of*<br> *Investment Trusts* | 12 | **** | ***497.2*** | **** | ***18.6*** | **** | ***515.8*** | | *79.8* | | *436.0* |
|  Reversal of (Provision for) General Reserve for Losses on Loans | 13 |  | **(24.3** |  | **—** |  | **(24.3** |  | (137.8) |  | 113.5 |
|  Net Business Profits | 14 |  | **456.3** |  | **18.6** |  | **474.9** |  | (119.0) |  | 593.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Net Gains (Losses) related to Bonds* | 15 | **** | ***(39.6*** | **** | ***(0.0*** | **** | ***(39.6*** | | *(73.0* | | *33.3* |
|  Net Non-Recurring Gains (Losses) | 16 |  | **35.4** |  | **6.3** |  | **41.7** |  | 327.8 |  | (286.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gains (Losses) related to Stocks | 17 |  | **36.1** |  | **1.9** |  | **38.0** |  | 68.6 |  | (30.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expenses related to Portfolio Problems | 18 |  | **(12.2** |  | **(0.0** |  | **(12.2** |  | 261.4 |  | (273.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Reversal of Reserves for Possible Losses on Loans, and others | 19 |  | **4.1** |  | **0.1** |  | **4.3** |  | (7.0) |  | 11.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 20 |  | **7.3** |  | **4.2** |  | **11.5** |  | 4.8 |  | 6.6 |
|  Ordinary Profits | 21 |  | **491.7** |  | **24.9** |  | **516.6** |  | 208.8 |  | 307.8 |
|  Net Extraordinary Gains (Losses) | 22 |  | **31.7** |  | **4.1** |  | **35.9** |  | (22.0) |  | 57.9 |
|  Income before Income Taxes | 23 |  | **523.4** |  | **29.1** |  | **552.6** |  | 186.8 |  | 365.7 |
|  Income Taxes | 24 |  | **(143.7** |  | **(7.8** |  | **(151.5** |  | (24.9) |  | (126.6) |
|  Net Income | 25 |  | **379.7** |  | **21.2** |  | **401.0** |  | 161.9 |  | 239.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> (1) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) for MHTB excludes the amounts of "Credit Costs for Trust Accounts" [5].<br> (2) Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans) from core business areas[11]<br> =Net Business Profits (before Reversal of (Provision for) General Reserve for Losses on Loans)[10]-Net Gains (Losses) related to Bonds[15] |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit-related Costs | 26 |  | **(32.3** |  | **0.1** |  | **(32.1** |  | 116.5 |  | (148.7) |
|  <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] | <br> Credit-related Costs [26] = Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Reserve for Losses on Loans [13] + Gains on Reversal of Reserves for Possible Losses on Loans, and others [19] + Credit Costs for Trust Accounts [5] |
|  <br> Reference: Breakdown of Credit-related Costs |  |  |  |  |  |  |  |  |  |  |  |
|  Credit Costs for Trust Accounts | 27 |  |  |  | **—** |  | **—** |  |  |  |  |
|  Reversal of (Provision for) General Reserve for Losses on Loans | 28 |  | **(24.3** |  | **0.1** |  | **(24.1** |  | (137.6) |  | 113.5 |
|  Losses on Write-offs of Loans | 29 |  | **(1.6** |  | **(0.0** |  | **(1.6** |  | (4.6) |  | 2.9 |
|  Reversal of (Provision for) Specific Reserve for Possible Losses on Loans | 30 |  | **(17.3** |  | **0.0** |  | **(17.3** |  | 247.7 |  | (265.0) |
|  Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries | 31 |  | **16.1** |  | **—** |  | **16.1** |  | 16.0 |  | 0.1 |
|  Reversal of (Provision for) Reserve for Contingencies | 32 |  | **(3.1** |  | **—** |  | **(3.1** |  | (3.1) |  | (0.0) |
|  Other (including Losses on Sales of Loans) | 33 |  | **(2.0** |  | **—** |  | **(2.0** |  | (1.7) |  | (0.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 34 |  | **(32.3** |  | **0.1** |  | **(32.1** |  | 116.5 |  | (148.7) |

---

2-2

------

*Mizuho Financial Group, Inc.*

**<u>2. Net Gains/Losses on Stocks</u>**

Consolidated

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2021**<br>**(Accumulated Period)** |
|  | | **Change** | |
|  Net Gains (Losses) related to Stocks | **47.4** | 77.3 | (29.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales | **92.8** | (67.8) | 160.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales | **(42.0)** | 81.4 | (123.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(1.5)** | 38.2 | (39.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Reserve for Possible Losses on Investments | **—** | 0.1 | (0.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **(1.7)** | 25.3 | (27.0) |
| <br> Non-Consolidated<br>|  |  |  |
| **Aggregate Figures for the 2 Banks** | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2021**<br>**(Accumulated Period)** |
|  |  | **Change** |  |
|  Net Gains (Losses) related to Stocks | **38.0** | 68.6 | (30.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales | **83.3** | (72.5) | 155.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales | **(40.7)** | 79.5 | (120.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(2.8)** | 36.1 | (38.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Reserve for Possible Losses on Investments | **—** | 0.1 | (0.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **(1.7)** | 25.3 | (27.0) |
| **Mizuho Bank** | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2021**<br>**(Accumulated Period)** |
|  |  | **Change** |  |
|  Net Gains (Losses) related to Stocks | **36.1** | 68.1 | (32.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales | **78.8** | (75.4) | 154.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales | **(38.2)** | 82.0 | (120.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(2.7)** | 36.1 | (38.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Reserve for Possible Losses on Investments | **—** | 0.1 | (0.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **(1.7)** | 25.3 | (27.0) |
| **Mizuho Trust & Banking** | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2021**<br>**(Accumulated Period)** |
|  |  | **Change** |  |
|  Net Gains (Losses) related to Stocks | **1.9** | 0.4 | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales | **4.5** | 2.9 | 1.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales | **(2.5)** | (2.5) | (0.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(0.0)** | 0.0 | (0.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Reserve for Possible Losses on Investments | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **—** |  |  |

---

2-3

------

*Mizuho Financial Group, Inc.*

**<u>3. Unrealized Gains/Losses on Securities</u>**

• Stocks and others without a quoted market price and Investments in Partnerships are excluded.

Consolidated

**(1) Other Securities** 

---

| | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** |  |
|  | **Book Value** | **Book Value** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Book Value** | **Book Value** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Book Value** | **Book Value** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** |  |
|  | **(=Fair Value)** | **(=Fair Value)** | | | **Gains** | **Gains** | **Losses** | **Losses** | **(=Fair Value)** | **(=Fair Value)** | | | **Gains** | **Gains** | **Losses** | **Losses** | **(=Fair Value)** | **(=Fair Value)** | | | **Gains** | **Gains** | **Losses** | **Losses** |  |
|  MHFG (Consolidated) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Other Securities |  | **32678.9** |  | **298.8** |  | **1488.8** |  | **1189.9** |  | 42065.7 |  | 990.1 |  | 1593.7 |  | 603.6 |  | 35384.4 |  | 129.8 |  | 1474.6 |  | 1344.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **2457.2** |  | **1424.4** |  | **1459.4** |  | **34.9** |  | 2577.3 |  | 1499.9 |  | 1538.3 |  | 38.4 |  | 2443.3 |  | 1390.5 |  | 1422.8 |  | 32.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **18516.8** |  | **(106.2)** |  | **9.5** |  | **115.7** |  | 28620.4 |  | (52.1) |  | 19.7 |  | 71.9 |  | 20775.4 |  | (54.6) |  | 19.9 |  | 74.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***14722.5*** | **** | ***(58.4*** ***)*** | **** | ***1.5*** | **** | ***59.9*** | | *25158.7* | | *(30.5)* | | *7.4* | | *38.0* | | *17103.3* | | *(28.9)* | | *9.4* | | *38.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **11704.7** |  | **(1019.3)** |  | **19.9** |  | **1039.2** |  | 10867.9 |  | (457.5) |  | 35.5 |  | 493.1 |  | 12165.5 |  | (1206.0) |  | 31.7 |  | 1237.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***9775.1*** | **** | ***(916.3*** ***)*** | **** | ***5.6*** | **** | ***921.9*** | | *8937.5* | | *(414.2)* | | *2.3* | | *416.6* | | *10332.4* | | *(1081.7)* | | *1.6* | | *1083.3* | |
|  <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. | <br> \* 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" are also included. |  |
|  \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. | \* Unrealized Gains/Losses include ¥23.1 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting and others. |  |
|  \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. | \* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥645.3 billion (Foreign Bonds ¥(559.8) billion and Japanese Government Bonds ¥(48.4) billion), ¥587.9 billion (Foreign Bonds ¥(606.2) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,116.4 billion (Foreign Bonds ¥(278.9) billion and Japanese Government Bonds ¥(30.5) billion), respectively. |  |
| <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** | <br> **(2) Bonds Held to Maturity** |  |
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** |  |
|  | **Book Value** | **Book Value** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Book Value** | **Book Value** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Book Value** | **Book Value** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** |  |
|  | **Book Value** | **Book Value** |  |  | **Gains** | **Gains** | **Losses** | **Losses** | **Book Value** | **Book Value** |  |  | **Gains** | **Gains** | **Losses** | **Losses** | **Book Value** | **Book Value** |  |  | **Gains** | **Gains** | **Losses** | **Losses** |  |
|  MHFG (Consolidated) |  | **2000.2** |  | **(157.0)** |  | **2.3** |  | **159.3** |  | 1517.5 |  | (52.0) |  | 5.3 |  | 57.3 |  | 2070.5 |  | (177.9) |  | 3.9 |  | 181.8 |  |

---

2-4

------

*Mizuho Financial Group, Inc.*

---

| | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** | Non-Consolidated<br>**Aggregate Figures for the 2 Banks**<br>**(1) Other Securities** |  |
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** |  |
|  | **Book Value** | **Book Value** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Book Value** | **Book Value** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Book Value** | **Book Value** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** |  |
|  | **(=Fair Value)** | **(=Fair Value)** | | | **Gains** | **Gains** | **Losses** | **Losses** | **(=Fair Value)** | **(=Fair Value)** | | | **Gains** | **Gains** | **Losses** | **Losses** | **(=Fair Value)** | **(=Fair Value)** | | | **Gains** | **Gains** | **Losses** | **Losses** |  |
|  MHBK |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Other Securities |  | **31777.1** |  | **164.0** |  | **1353.3** |  | **1189.2** |  | 41243.3 |  | 846.8 |  | 1446.7 |  | 599.8 |  | 34529.0 |  | (5.7) |  | 1336.3 |  | 1342.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **2253.6** |  | **1292.8** |  | **1327.5** |  | **34.7** |  | 2349.0 |  | 1360.4 |  | 1395.9 |  | 35.4 |  | 2229.7 |  | 1257.8 |  | 1288.0 |  | 30.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **18406.7** |  | **(106.6** |  | **8.9** |  | **115.5** |  | 28517.0 |  | (52.9) |  | 18.9 |  | 71.9 |  | 20666.6 |  | (55.2) |  | 19.2 |  | 74.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***14711.3*** | **** | ***(58.4*** | **** | ***1.5*** | **** | ***59.9*** | | *25147.5* | | *(30.5* | | *7.4* | | *38.0* | | *17092.0* | | *(28.9* | | *9.4* | | *38.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **11116.6** |  | **(1022.1** |  | **16.7** |  | **1038.9** |  | 10377.2 |  | (460.6) |  | 31.8 |  | 492.4 |  | 11632.6 |  | (1208.3) |  | 28.9 |  | 1237.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***9234.2*** | **** | ***(917.7*** | **** | ***3.7*** | **** | ***921.5*** | | *8487.9* | | *(414.8* | | *1.1* | | *416.0* | | *9838.1* | | *(1082.3* | | *0.4* | | *1082.8* | |
|  MHTB |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Other Securities |  | **230.2** |  | **72.0** |  | **74.6** |  | **2.5** |  | 240.3 |  | 73.0 |  | 78.3 |  | 5.3 |  | 235.2 |  | 71.6 |  | 76.0 |  | 4.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **132.3** |  | **70.8** |  | **73.3** |  | **2.4** |  | 148.2 |  | 71.8 |  | 77.1 |  | 5.2 |  | 138.4 |  | 70.4 |  | 74.7 |  | 4.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **91.8** |  | **0.4** |  | **0.5** |  | **0.1** |  | 86.4 |  | 0.7 |  | 0.8 |  | 0.0 |  | 90.7 |  | 0.6 |  | 0.6 |  | 0.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***—*** | **** | ***—*** | **** | ***—*** | **** | ***—*** | | *—* | | *—* | | *—* | | *—* | | *—* | | *—* | | *—* | | *—* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **6.0** |  | **0.7** |  | **0.7** |  | **0.0** |  | 5.6 |  | 0.4 |  | 0.4 |  | 0.0 |  | 6.0 |  | 0.5 |  | 0.5 |  | 0.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***—*** | **** | ***—*** | **** | ***—*** | **** | ***—*** | | *—* | | *—* | | *—* | | *—* | | *—* | | *—* | | *—* | | *—* | |
|  Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Other Securities |  | **32007.4** |  | **236.0** |  | **1427.9** |  | **1191.8** |  | 41483.6 |  | 919.9 |  | 1525.1 |  | 605.1 |  | 34764.2 |  | 65.9 |  | 1412.4 |  | 1346.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **2386.0** |  | **1363.6** |  | **1400.8** |  | **37.2** |  | 2497.3 |  | 1432.3 |  | 1473.0 |  | 40.7 |  | 2368.2 |  | 1328.3 |  | 1362.8 |  | 34.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **18498.6** |  | **(106.2** |  | **9.5** |  | **115.7** |  | 28603.4 |  | (52.1) |  | 19.7 |  | 71.9 |  | 20757.4 |  | (54.6) |  | 19.9 |  | 74.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***14711.3*** | **** | ***(58.4*** | **** | ***1.5*** | **** | ***59.9*** | | *25147.5* | | *(30.5* | | *7.4* | | *38.0* | | *17092.0* | | *(28.9* | | *9.4* | | *38.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **11122.6** |  | **(1021.3** |  | **17.5** |  | **1038.9** |  | 10382.9 |  | (460.1) |  | 32.3 |  | 492.4 |  | 11638.6 |  | (1207.7) |  | 29.5 |  | 1237.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***9234.2*** | **** | ***(917.7*** | **** | ***3.7*** | **** | ***921.5*** | | *8487.9* | | *(414.8* | | *1.1* | | *416.0* | | *9838.1* | | *(1082.3* | | *0.4* | | *1082.8* | |

---

------

\* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Other Debt Purchased" are also included.

\* Unrealized Gains/Losses include ¥23.0 billion, ¥20.9 billion and ¥27.4 billion, which were recognized in the statement of income (aggregate figures for the 2 banks) for December 31, 2022, September 30, 2022 and March 31, 2022, respectively, by applying the fair-value hedge accounting. 

\* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment (aggregate figures for the 2 banks) as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥346.5 billion (Foreign Bonds ¥356.4 billion and Japanese Government Bonds ¥9.9 billion), ¥458.0 billion (Foreign Bonds ¥475.4 billion and Japanese Government Bonds ¥(4.3) billion) and ¥126.2 billion (Foreign Bonds ¥135.3 billion and Japanese Government Bonds ¥– billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of December 31, 2022, September 30, 2022 and March 31, 2022 are ¥582.6 billion (Foreign Bonds ¥(561.3) billion and Japanese Government Bonds ¥(48.4) billion), ¥524.0 billion (Foreign Bonds ¥(606.9) billion and Japanese Government Bonds ¥(33.2) billion) and ¥1,046.2 billion (Foreign Bonds ¥(279.5) billion and Japanese Government Bonds ¥(30.5) billion), respectively. 

2-5

------

*Mizuho Financial Group, Inc.*

**(2) Bonds Held to Maturity** 

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** |
|  | | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** |
|  |<br> **Book Value** | | **Gains** | **Losses** |<br> **Book Value** | | **Gains** | **Losses** |<br> **Book Value** | | **Gains** | **Losses** |
|  MHBK | **2000.2** | **(157.0)** | **2.3** | **159.3** | 1517.5 | (52.0) | 5.3 | 57.3 | 2070.5 | (177.9) | 3.9 | 181.8 |
|  MHTB | **—** | **—** | **—** | **—** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | **2000.2** | **(157.0)** | **2.3** | **159.3** | 1517.5 | (52.0) | 5.3 | 57.3 | 2070.5 | (177.9) | 3.9 | 181.8 |

---

**(3) Investments in Subsidiaries and Affiliates** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** |
|  | | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** |
|  |<br> **Book Value** | **Gains** | **Losses** |<br> **Book Value** | | **Gains** | **Losses** |<br> **Book Value** | | **Gains** | **Losses** |
|  MHBK | **108.9** | **310.4** |  | 108.9 | 311.9 | &nbsp;&nbsp;&nbsp;&nbsp;312.3 | 0.3 | 108.9 | 306.5 | 306.6 | 0.1 |
|  MHTB | **—** | **—** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | **108.9** | **310.4** |  | 108.9 | 311.9 | 312.3 | 0.3 | 108.9 | 306.5 | 306.6 | 0.1 |

---

**(Reference)** 

**Unrealized Gains/Losses on Other Securities** 

**(the base amount to be recorded directly to Net Assets after necessary adjustments)** 

For certain Other Securities, Unrealized Gains/Losses were recognized in the statement of income by applying the fair-value hedge accounting and others. Unrealized Gains/Losses on Other Securities after excluding such Income/Loss (the "base amount*"*) are recorded directly to Net Assets after necessary adjustments.

The base amounts are as follows:

**Consolidated** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of**<br>**March 31,<br>2022** | **As of**<br>**March 31,<br>2022** | **As of**<br>**September 30,**<br>**2022**<br>**(Reference)** | **As of**<br>**September 30,**<br>**2022**<br>**(Reference)** |
|  | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** |
|  | | | **Change** | **Change** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** |
|  Other Securities |  | **275.6** |  | (687.0) |  | 962.7 |  | 108.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **1401.3** |  | (71.1) |  | 1472.4 |  | 1369.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **(106.2)** |  | (54.0) |  | (52.1) |  | (54.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***(58.4*** ***)*** | | *(27.8)* | | *(30.5)* | | *(28.9)* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **(1019.4)** |  | (561.8) |  | (457.5) |  | (1206.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***(916.4*** ***)*** | | *(502.1)* | | *(414.2)* | | *(1081.7)* |

---

**Non-Consolidated** 

**Aggregate Figures for the 2 Banks** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of**<br>**March 31,<br>2022** | **As of**<br>**March 31,<br>2022** | **As of**<br>**September 30,**<br>**2022**<br>**(Reference)** | **As of**<br>**September 30,**<br>**2022**<br>**(Reference)** |
|  | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** |
|  | | | **Change** | **Change** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** | **Unrealized**<br>**Gains/Losses** |
|  Other Securities |  | **213.0** |  | (679.4) |  | 892.4 |  | 45.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **1340.6** |  | (64.2) |  | 1404.8 |  | 1307.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **(106.2)** |  | (54.0) |  | (52.1) |  | (54.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***(58.4*** ***)*** | | *(27.8)* | | *(30.5)* | | *(28.9)* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **(1021.3)** |  | (561.2) |  | (460.1) |  | (1207.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***(917.7*** ***)*** | | *(502.9)* | | *(414.8)* | | *(1082.3)* |

---

2-6

------

*Mizuho Financial Group, Inc.*

**<u>4. Deferred Hedge Gains/Losses on Derivative Transactions Qualifying for Hedge Accounting</u>** 

**Non-Consolidated** 

**Aggregate Figures for the 2 Banks** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of December 31, 2022** | **As of December 31, 2022** | **As of December 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of March 31, 2022** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** | **As of September 30, 2022 (Reference)** |
|  | **Deferred Hedge Gains/Losses** | **Deferred Hedge Gains/Losses** | **Deferred Hedge Gains/Losses** | **Deferred Hedge Gains/Losses** | **Deferred Hedge Gains/Losses** | **Deferred Hedge Gains/Losses** | **Deferred Hedge Gains/Losses** | **Deferred Hedge Gains/Losses** | **Deferred Hedge Gains/Losses** |
|  | **Gains** | **Losses** | | **Gains** | **Losses** | | **Gains** | **Losses** | |
|  MHBK | **2227.0** | **2580.4** | **(353.3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1320.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1435.8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(115.3) | 2222.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2373.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(151.0) |
|  MHTB | **33.3** | **13.7** | **19.5** | 15.5 | 15.9 | (0.3) | 20.9 | 14.4 | 6.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | **2260.4** | **2594.2** | **(333.7)** | 1336.0 | 1451.7 | (115.7) | 2243.4 | 2387.9 | (144.4) |

---

------

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

2-7

------

*Mizuho Financial Group, Inc.*

**<u>5. Status of Non Performing Loans based on the Banking Act ("BA") and the</u> <u>Financial Reconstruction Act ("FRA")</u>** 

**Consolidated** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of**<br> **December 31,** <br>**2022** | **Change** | **As of**<br> **March 31,** <br>**2022** | **As of**<br> **September 30,** <br>**2022**<br>**(Reference)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors | **45.0** | (5.8) | 50.8 | 49.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk | **655.3** | (66.9) | 722.2 | 621.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention | **324.2** | (29.7) | 354.0 | 370.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **1.3** | (1.1) | 2.4 | 30.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **322.8** | (28.6) | 351.5 | 340.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total[1] | **1024.6** | (102.4) | 1127.1 | 1040.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Normal Claims | **104061.4** | 7836.5 | 96224.9 | 105707.0 |
|  Total[2] | **105086.1** | 7734.1 | 97352.0 | 106748.0 |
| Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | 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 | **86.7** | (22.1) | 108.8 | 95.7 |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |
|  NPL ratio[1]/[2] | **0.97** | (0.18) | 1.15 | 0.97 |

---

**Trust Account** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | **** |
|  | **As of**<br> **December 31,** <br>**2022** | **As of**<br> **December 31,** <br>**2022** | **Change** | **As of**<br> **March 31,** <br>**2022** | **As of**<br> **September 30,** <br>**2022**<br>**(Reference)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention |  | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More |  | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans |  | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total[3] |  | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Normal Claims |  | **3.1** | (0.6) | 3.8 | 3.2 |  |
|  Total[4] |  | **3.1** | (0.6) | 3.8 | 3.2 |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
|  NPL ratio[3]/[4] |  | **—** |  |  |  |  |

---

2-8

------

*Mizuho Financial Group, Inc.*

**Consolidated + Trust Account** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | **** |
|  | **As of**<br> **December 31,** <br>**2022** | **As of**<br> **December 31,** <br>**2022** | **Change** | **As of**<br> **March 31,** <br>**2022** | **As of**<br> **September 30,** <br>**2022**<br>**(Reference)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  | **45.0** | (5.8) | 50.8 | 49.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  | **655.3** | (66.9) | 722.2 | 621.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention |  | **324.2** | (29.7) | 354.0 | 370.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More |  | **1.3** | (1.1) | 2.4 | 30.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans |  | **322.8** | (28.6) | 351.5 | 340.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total[5] |  | **1024.6** | (102.4) | 1127.1 | 1040.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Normal Claims |  | **104064.6** | 7835.9 | 96228.7 | 105710.3 |  |
|  Total[6] |  | **105089.2** | 7733.4 | 97355.8 | 106751.2 |  |
| Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | 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 |  | **86.7** | (22.1) | 108.8 | 95.7 |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
|  NPL ratio[5]/[6] |  | **0.97** | (0.18) | 1.15 | 0.97 |  |

---

Trust account represents trust accounts that guarantee principals in the agreement.

2-9

------

*Mizuho Financial Group, Inc.*

**Non-Consolidated** 

**Aggregate Figures for the 2 Banks** 

**(Banking Account + Trust Account)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of<br> December 31,** <br>**2022** | **Change** | **As of<br> March 31,** <br>**2022** | **As of**<br> **September 30,** <br>**2022**<br>**(Reference)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors | **34.5** | (6.5) | 41.1 | 38.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk | **661.1** | (64.8) | 726 | 626.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention | **295.3** | (23.2) | 318.5 | 341.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **0.6** | (1.8) | 2.4 | 29.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **294.6** | (21.4) | 316 | 311.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total[1] | **991.0** | (94.6) | 1085.6 | 1006.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Normal Claims | **106426.1** | 8492.6 | 97933.5 | 107912.4 |
|  Total[2] | **107417.2** | 8398 | 99019.2 | 108919.2 |
|  Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | 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 | **83.6** | (21.7) | 105.4 | 92.9 |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |
|  NPL ratio[1]/[2] | **0.92** | (0.17) | 1.09 | 0.92 |
| **Mizuho Bank** |  |  |  |  |
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors | **34.3** | (6.4) | 40.7 | 38.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk | **653.9** | (60.8) | 714.8 | 618.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention | **293.3** | (23.6) | 316.9 | 339.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **0.6** | (1.7) | 2.4 | 29.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **292.6** | (21.8) | 314.5 | 309.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total[3] | **981.5** | (90.9) | 1072.5 | 996.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Normal Claims | **103272.8** | 8537.9 | 94734.9 | 104761 |
|  Total[4] | **104254.4** | 8447 | 95807.4 | 105757.1 |
|  Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | 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 | **83.4** | (21.7) | 105.2 | 92.7 |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |
|  NPL ratio[3]/[4] | **0.94** | (0.17) | 1.11 | 0.94 |

---

2-10

------

*Mizuho Financial Group, Inc.*

**Mizuho Trust & Banking** 

**(Banking Account)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors | **0.2** | (0.1) | 0.3 | 0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk | **7.2** | (3.9) | 11.2 | 8.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention | **2.0** | 0.4 | 1.5 | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **—** | (0.0) | 0.0 | 0.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **2.0** | &nbsp;&nbsp;&nbsp;&nbsp;0.4 | 1.5 | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total[5] | **9.4** | (3.6) | 13.1 | 10.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Normal Claims | **3150.1** | (44.6) | 3194.8 | 3148.2 |
|  Total[6] | **3159.6** | (48.3) | 3207.9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3158.8 |
|  Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. | 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 | **0.2** | 0.0 | 0.2 | 0.2 |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |
|  NPL ratio[5]/[6] | **0.30** | (0.10) | 0.40 | 0.33 |
| **(Trust Account)** |  |  |  |  |
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors | **—** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk | **—** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention | **—** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **—** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **—** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total[7] | **—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Normal Claims | **3.1** | (0.6) | 3.8 | 3.2 |
|  Total[8] | **3.1** | (0.6) | 3.8 | 3.2 |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |
|  NPL ratio[7]/[8] | **—** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

Trust account represents trust accounts that guarantee principals in the agreement.

2-11

------

*Mizuho Financial Group, Inc.*

**<u>6. Status of Deposits and Loans</u>** 

**Non-Consolidated** 

**(1)-1 Deposits** 

**Aggregate Figures for the 2 Banks** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of**<br> **December 31, 2022** | **Change** | **As of**<br> **March 31, 2022** | **As of**<br> **September 30, 2022** <br>**(Reference)** |
|  MHBK | **137818.4** | 4184.5 | 133633.8 | 137150.1 |
|  MHTB | **2609.7** | 38.3 | 2571.3 | 2559.0 |
|  Total | **140428.1** | 4222.9 | 136205.2 | 139709.1 |

---

**(1)-2 Domestic Deposits** 

**Aggregate Figures for the 2 Banks** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  | **As of**<br> **December 31, 2022** | **As of**<br> **December 31, 2022** | **Change** | **Change** | **As of**<br> **March 31, 2022** | **As of**<br> **March 31, 2022** | **As of**<br> **September 30, 2022** <br>**(Reference)** | **As of**<br> **September 30, 2022** <br>**(Reference)** |  |
|  MHBK |  | **108619.8** |  | (1340.2) |  | 109960.1 |  | 105670.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Individual deposits* | | ***47926.1*** | | *1062.6* | | *46863.5* | | *47191.6* | |
|  MHTB |  | **2609.7** |  | 38.3 |  | 2571.3 |  | 2559.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Individual deposits* | | ***786.6*** | | *(17.3* | | *803.9* | | *800.6* | |
|  Total |  | **111229.6** |  | (1301.8) |  | 112531.4 |  | 108229.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Individual deposits* | | ***48712.7*** | | *1045.2* | | *47667.5* | | *47992.3* | |

---

------

Note: Above figures do not include deposits booked at overseas offices and offshore deposits.

**(2) Loans and Bills Discounted** 

**Aggregate Figures for the 2 Banks** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of**<br> **December 31, 2022** | **Change** | **As of**<br> **March 31, 2022** | **As of**<br> **September 30, 2022** <br>**(Reference)** |
|  MHBK | **89512.3** | 6549.9 | 82962.4 | 89888.3 |
|  MHTB | **3137.4** | (54.8) | 3192.3 | 3143.9 |
|  Total | **92649.8** | 6495.0 | 86154.8 | 93032.2 |

---

------

Note: Loans to MHFG are included as follows:

As of December 31, 2022: ¥730.0 billion (from MHBK)

As of September 30, 2022: ¥540.0 billion (from MHBK)

As of March 31, 2022: ¥755.0 billion (from MHBK)

2-12

------

*Mizuho Financial Group, Inc.*

**(3) Interest Margins (Domestic Operations)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | ***(%)*** | ***(%)*** | ***(%)*** |
|  |  | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2021**<br>**(Accumulated Period)** |
| **Mizuho Bank** |  | | **Change** | |
|  Return on Loans and Bills Discounted | 1 | **0.76** | 0.01 | 0.74 |
|  Cost of Deposits | 2 | **0.00** | (0.00) | 0.00 |
|  Loan and Deposit Rate Margin [1]-[2] | 3 | **0.76** | 0.01 | 0.74 |
| Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. |

---

(Reference) After excluding Loans to the Japanese government and others

---

| | | | | |
|:---|:---|:---|:---|:---|
|  Return on Loans and Bills Discounted | &nbsp;&nbsp;&nbsp;&nbsp;4 | **0.77** | 0.01 | 0.76 |
|  Loan and Deposit Rate Margin [4]-[2] | 5 | **0.77** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.75 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | ***(%)*** | ***(%)*** | ***(%)*** |
|  |  | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2021**<br>**(Accumulated Period)** |
| **Mizuho Trust & Banking** |  | | **Change** | |
|  Return on Loans and Bills Discounted | 6 | **0.60** | 0.01 | 0.59 |
|  Cost of Deposits | 7 | **0.00** | (0.00) | 0.01 |
|  Loan and Deposit Rate Margin [6]-[7] | 8 | **0.59** | 0.01 | 0.58 |
| Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. |

---

(Reference) After excluding Loans to the Japanese government and others

---

| | | | | |
|:---|:---|:---|:---|:---|
|  Return on Loans and Bills Discounted | 9.0 | **0.60** | 0.00 | 0.60 |
|  Loan and Deposit Rate Margin [9]-[7] | 10.0 | **0.59** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.59 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| (Reference) |  | ***(%)*** | ***(%)*** | ***(%)*** |
|  |  | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2022**<br>**(Accumulated Period)** | **Third Quarter of**<br>**Fiscal 2021**<br>**(Accumulated Period)** |
| **Aggregate Figures for the 2 Banks** |  |  | **Change** |  |
|  Return on Loans and Bills Discounted | 11 | **0.75** | 0.01 | 0.73 |
|  Cost of Deposits | 12 | **0.00** | (0.00) | 0.00 |
|  Loan and Deposit Rate Margin [11]-[12] | 13 | **0.75** | 0.01 | 0.73 |
| Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | Notes: 1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deposits include NCDs. |

---

(Reference) After excluding Loans to the Japanese government and others

---

| | | | | |
|:---|:---|:---|:---|:---|
|  Return on Loans and Bills Discounted | 14.0 | **0.76** | 0.01 | 0.75 |
|  Loan and Deposit Rate Margin [14]-[12] | 15.0 | **0.76** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.74 |

---

2-13

------

*Mizuho Bank, Ltd.*

(**Attachments)**

**COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)** 

**OF MIZUHO BANK** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***Millions of yen*** | ***Millions of yen*** | ***Millions of yen*** |
|  | **As of December 31,**<br>**2022 (A)** | **As of March 31,**<br>**2022 (B)** | **Change**<br>**(A) - (B)** |
|  **Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and Due from Banks | ¥**53245855** | ¥48803771 | ¥4442083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Call Loans | **1213064** | 1223766 | (10701) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables under Resale Agreements | **3609145** | 1681260 | 1927885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee Deposits Paid under Securities Borrowing Transactions | **156287** | 154255 | 2032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Debt Purchased | **764045** | 679939 | 84106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Assets | **7020058** | 4496695 | 2523363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Held in Trust | **504** | 504 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | **35430600** | 44608181 | (9177580) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and Bills Discounted | **89512391** | 82962457 | 6549933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchange Assets | **2835559** | 2509122 | 326437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives other than for Trading | **13452275** | 6133443 | 7318831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Assets | **7652835** | 5958848 | 1693987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tangible Fixed Assets | **851614** | 847689 | 3924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible Fixed Assets | **345460** | 347681 | (2221) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid Pension Cost | **401679** | 440611 | (38931) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Assets | **425524** | 273129 | 152394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customers' Liabilities for Acceptances and Guarantees | **10284574** | 8733646 | 1550927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserves for Possible Losses on Loans | **(705119)** | (814778) | 109658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Possible Losses on Investments | **—** | (106) | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | ¥**226496358** | ¥209040119 | ¥17456238 |
|  **Liabilities** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | ¥**137818417** | ¥133633887 | ¥4184529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Negotiable Certificates of Deposit | **18424292** | 16162209 | 2262083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Call Money | **1010914** | 940058 | 70856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payables under Repurchase Agreements | **12023602** | 9293236 | 2730366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee Deposits Received under Securities Lending Transactions | **57506** | 146864 | (89358) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | **2009782** | 1775859 | 233922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Liabilities | **5909029** | 3447533 | 2461496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowed Money | **10335951** | 14397626 | (4061674) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchange Liabilities | **1009967** | 1788299 | (778332) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds and Notes | **650206** | 810504 | (160298) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives other than for Trading | **14207146** | 6635032 | 7572114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Liabilities | **6225896** | 4302633 | 1923263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Bonus Payments | **4513** | 24582 | (20068) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Variable Compensation | **567** | 763 | (195) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Possible Losses on Sales of Loans | **12358** | 1309 | 11048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Contingencies | **4557** | 1306 | 3250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Reimbursement of Deposits | **13804** | 16627 | (2823) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Reimbursement of Debentures | **8219** | 10504 | (2284) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Liabilities for Revaluation Reserve for Land | **59499** | 59962 | (462) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acceptances and Guarantees | **10284574** | 8733646 | 1550927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | **220070807** | 202182447 | 17888360 |
|  **Net Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock and Preferred Stock | **1404065** | 1404065 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Surplus | **2259392** | 2259392 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Reserve | **660805** | 660805 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Capital Surplus | **1598587** | 1598587 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Earnings | **2738852** | 2519294 | 219558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Appropriated Reserve | **421264** | 389012 | 32251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Retained Earnings | **2317588** | 2130281 | 187306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Earnings Brought Forward | **2317588** | 2130281 | 187306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Shareholders' Equity** | **6402310** | 6182751 | 219558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Gains (Losses) on Other Securities, net of Taxes | **137844** | 623367 | (485523) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Deferred Hedge Gains (Losses), net of Taxes | **(245712)** | (80603) | (165109) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revaluation Reserve for Land, net of Taxes | **131108** | 132156 | (1048) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Valuation and Translation Adjustments** | **23240** | 674920 | (651680) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Net Assets** | **6425550** | 6857672 | (432122) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities and Net Assets** | ¥**226496358** | ¥209040119 | ¥17456238 |

---

2-14

------

*Mizuho Bank, Ltd.*

**COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME** 

**(selected items) OF MIZUHO BANK** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***Millions of yen*** | ***Millions of yen*** | ***Millions of yen*** |
|  | **For the nine months**<br>**ended<br>December 31, 2022**<br>**(A)** | **For the nine months**<br>**ended<br>December 31, 2021**<br>**(B)** | **Change**<br>**(A) - (B)** |
|  **Ordinary Income** | ¥**2452241** | ¥1547997 | ¥904243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Income | **1711852** | 802959 | 908893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Loans and Bills Discounted* | **1075050** | *564812* | *510238* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest and Dividends on Securities* | **252269** | *169768* | *82501* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Income | **417489** | 386763 | 30725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Income | **159** | 43964 | (43805) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Operating Income | **230724** | 140929 | 89795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Income | **92015** | 173381 | (81365) |
|  **Ordinary Expenses** | **1960516** | 1273396 | 687120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Expenses | **1068081** | 173516 | 894565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Deposits* | **467139** | *22482* | *444656* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Expenses | **132135** | 109965 | 22169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Expenses | **6827** |  | 6827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Operating Expenses | **104467** | 66430 | 38036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and Administrative Expenses | **541093** | 547324 | (6230) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Expenses | **107909** | 376158 | (268248) |
|  **Ordinary Profits** | **491724** | 274601 | 217123 |
|  **Extraordinary Gains** | **40014** | 59471 | (19456) |
|  **Extraordinary Losses** | **8261** | 8935 | (674) |
|  **Income before Income Taxes** | **523478** | 325137 | 198341 |
|  Income Taxes: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current | **20915** | 141015 | (120100) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refund of Income Taxes | **(9271)** | (267) | (9003) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred | **132067** | (26129) | 158197 |
|  **Net Income** | ¥**379767** | ¥210518 | ¥169249 |

---

2-15

------

*Mizuho Trust & Banking Co., Ltd.*

**COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)** 

**OF MIZUHO TRUST & BANKING** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***Millions of yen*** | ***Millions of yen*** | ***Millions of yen*** |
|  | **As of**<br>**December 31,**<br>**2022 (A)** | **As of**<br>**March 31,**<br>**2022 (B)** | **Change**<br>**(A) - (B)** |
|  **Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and Due from Banks | ¥**2287555** | ¥1923672 | ¥363882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee Deposits Paid under Securities Borrowing Transactions | **40216** | 20046 | 20170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Debt Purchased | **35261** | 35314 | (53) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Held in Trust | **27277** | 26556 | 720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | **277079** | 288530 | (11451) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and Bills Discounted | **3137456** | 3192348 | (54891) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchange Assets | **5208** | 3898 | 1310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Assets | **262351** | 255755 | 6596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tangible Fixed Assets | **98592** | 100132 | (1539) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible Fixed Assets | **18651** | 21728 | (3076) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid Pension Cost | **69526** | 66607 | 2918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customers' Liabilities for Acceptances and Guarantees | **15096** | 14100 | 996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserves for Possible Losses on Loans | **(2309)** | (2470) | 161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | ¥**6271965** | ¥5946221 | ¥325744 |
|  **Liabilities** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | ¥**2609748** | ¥2571352 | ¥38395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Negotiable Certificates of Deposit | **508680** | 691880 | (183200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Call Money | **707777** | 603990 | 103787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowed Money | **300000** | 300000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to Trust Accounts | **1529791** | 1167284 | 362506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Liabilities | **48356** | 31317 | 17039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Bonus Payments | **27** | 2741 | (2713) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Variable Compensation | **184** | 272 | (87) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for Retirement Benefits | **2903** | 4935 | (2032) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Reimbursement of Deposits | **778** | 992 | (213) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Loss of Transfer | **—** | 3061 | (3061) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Liabilities | **25676** | 17484 | 8191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acceptances and Guarantees | **15096** | 14100 | 996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | **5749020** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5409413 | 339606 |
|  **Net Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock and Preferred Stock | **247369** | 247369 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Surplus | **15505** | 15505 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Reserve | **15505** | 15505 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Earnings | **269738** | 296471 | (26733) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Appropriated Reserve | **159891** | 150297 | 9593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Retained Earnings | **109847** | 146174 | (36327) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Earnings Brought Forward | **109847** | 146174 | (36327) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury Stock | **(79999)** | (79999) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Shareholders' Equity** | **452613** | 479346 | (26733) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Gains (Losses) on Other Securities, net of Taxes | **56758** | 57707 | (949) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Deferred Hedge Gains (Losses), net of Taxes | **13573** | (246) | 13820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Valuation and Translation Adjustments** | **70332** | 57460 | 12871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Net Assets** | **522945** | 536807 | (13861) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities and Net Assets** | ¥ **6271965** | ¥5946221 | ¥325744 |

---

2-16

------

*Mizuho Trust & Banking Co., Ltd.*

**COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME** 

**(selected items) OF MIZUHO TRUST & BANKING** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***Millions of yen*** | ***Millions of yen*** | ***Millions of yen*** | ***Millions of yen*** |
|  | **For the nine months**<br>**ended December 31,**<br>**2022 (A)** | **For the nine months**<br>**ended December 31,**<br>**2021 (B)** |  | **Change**<br>**(A) - (B)** |
|  **Ordinary Income** | ¥**116752** | ¥125654 |  | ¥(8901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fiduciary Income | **44007** | 45212 |  | (1205) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Income | **19269** | 19065 |  | 203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Loans and Bills Discounted* | **14695** | *14839* | | *(144* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest and Dividends on Securities* | **3204** | *2894* | | *310* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Income | **46952** | 58287 |  | (11335) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Operating Income | **13** | 277 |  | (263) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Income | **6510** | 2810 |  | 3699 |
|  **Ordinary Expenses** | **91796** | 92453 |  | (657) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Expenses | **4881** | 5446 |  | (565) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Deposits* | **145** | *230* | | *(84* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Expenses | **27960** | 27162 |  | 797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Expenses | **—** | 640 |  | (640) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Operating Expenses | **221** | 9 |  | 212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and Administrative Expenses | **54988** | 56002 |  | (1013) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Expenses | **3743** | 3192 |  | 551 |
|  **Ordinary Profits** | **24956** | 33200 |  | (8244) |
|  **Extraordinary Gains** | **5222** | 7742 |  | (2520) |
|  **Extraordinary Losses** | **1056** | 341 |  | 714 |
|  **Income before Income Taxes** | **29122** | 40601 |  | (11479) |
|  Income Taxes: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current | **5736** | 7438 |  | (1701) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred | **2150** | 4610 |  | (2460) |
|  **Net Income** | ¥**21234** | ¥28552 |  | ¥(7317 |

---

2-17

------

*Mizuho Securities Co., Ltd.*

**COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)** 

**OF MIZUHO SECURITIES** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***Millions of yen*** | ***Millions of yen*** | ***Millions of yen*** |
|  | **As of**<br> **December 31,** <br>**2022 (A)** | **As of**<br> **March 31,** <br>**2022 (B)** | **Change**<br>**(A) - (B)** |
|  **Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Current Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and Bank Deposits | ¥**611994** | ¥405261 | ¥206732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Segregated as Deposits for Customers and Others | **533216** | 541274 | (8058) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Assets | **10059485** | 6921502 | 3137982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables—Unsettled Trades | **—** | 145887 | (145887) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating Investment Securities | **48889** | 40926 | 7963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating Loans Receivable | **2121** |  | 2121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables Related to Margin Transactions | **30197** | 34802 | (4605) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Short-Term Financing Agreements-Receivable | **4550906** | 4707548 | (156642) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advances Paid | **162** | 94 | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities: Fail to Deliver | **48243** | 32415 | 15827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Loans Receivable | **35814** | 47983 | (12169) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Current Assets | **833359** | 700334 | 133025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Allowance for Doubtful Accounts | **(74)** | (79) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Noncurrent Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property and Equipment | **18471** | 18742 | (271) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible Assets | **64323** | 68497 | (4174) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments and Other Assets | **403009** | 304034 | 98975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | ¥ **17240119** | ¥13969227 | ¥3270891 |
|  **Liabilities** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Current Liabilities** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Liabilities | ¥**9482460** | ¥5356537 | ¥4125922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payables—Unsettled Trades | **187901** |  | 187901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payables Related to Margin Transactions | **40081** | 50556 | (10474) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Short-Term Financing Agreements-Payable | **3209259** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4144682 | (935422) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits Received | **445921** | 425452 | 20468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee Deposits Received | **292111** | 425613 | (133502) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities: Fail to Receive | **8352** | 7083 | 1269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Borrowings | **795591** | 904079 | (108487) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | **474000** | 490500 | (16500) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds and Notes Due within One Year | **293752** | 148768 | 144984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income Taxes Payable | **271** | 2515 | (2243) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued Employees' Bonuses | **9712** | 25379 | (15666) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for Variable Compensation | **301** | 411 | (109) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Current Liabilities | **37357** | 46970 | (9613) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Noncurrent Liabilities** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds and Notes | **666689** | 753870 | (87180) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Borrowings | **647500** | 580000 | 67500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for Retirement Benefits | **21715** | 22579 | (863) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Loss of Transfer | **916** | 1541 | (624) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Noncurrent Liabilities | **4008** | 3769 | 239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Statutory Reserves** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Financial Instruments Transaction Liabilities | **3132** | 3132 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | **16621037** | 13393441 | 3227595 |
|  **Net Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock | **125167** | 125167 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Surplus | **400249** | 381649 | 18600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional Paid—in Capital | **285831** | 285831 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Capital Surplus | **114417** | 95817 | 18600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Earnings | **392800** | 425554 | (32753) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Retained Earnings | **392800** | 425554 | (32753) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Earnings Brought Forward | **392800** | 425554 | (32753) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury Stock | **(308599)** | (369999) | 61400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Shareholders' Equity** | **609617** | 562371 | 47246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Gains on (Operating) Investment Securities, net of Tax | **19260** | 23193 | (3933) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Deferred Gains or Losses on Hedges, net of Tax | **(9795)** | (9778) | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Valuation and Translation Adjustments** | **9464** | 13415 | (3950) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Net Assets** | **619082** | 575786 | 43296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities and Net Assets** | ¥**17240119** | ¥13969227 | ¥3270891 |

---

2-18

------

*Mizuho Securities Co., Ltd.*

**COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME** 

**(selected items) OF MIZUHO SECURITIES** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***Millions of yen*** | ***Millions of yen*** | ***Millions of yen*** |
|  | **For the nine months**<br>**ended December 31,<br>2022 (A)** | **For the nine months**<br>**ended December 31,**<br>**2021 (B)** | **Change**<br>**(A) - (B)** |
|  **Operating Revenues** | ¥**270648** | ¥294305 | ¥(23656) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commissions | **104076** | 143531 | (39455) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gain on Trading | **70419** | 103367 | (32947) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gain on Operating Investment Securities | **1344** | (2066) | 3411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest and Dividend Income | **94807** | 49472 | 45335 |
|  **Interest Expenses** | **82787** | 36827 | 45960 |
|  **Net Operating Revenues** | **187861** | 257477 | (69616) |
|  **Selling, General and Administrative Expenses** | **169598** | 193443 | (23845) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transaction-Related Expenses | **40987** | 55609 | (14622) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personnel Expenses | **61552** | 72994 | (11441) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate Expenses | **19793** | 15547 | 4245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative Expenses | **29653** | 29164 | 489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and Amortization | **12121** | 14098 | (1977) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taxes and Dues | **3549** | 4331 | (782) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision of Allowance for Doubtful Accounts | **58** | 4 | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **1881** | 1692 | 189 |
|  **Operating Income** | **18262** | 64034 | (45771) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Operating Income | **2120** | 2700 | (579) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Operating Expenses | **101** | 440 | (338) |
|  **Ordinary Income** | **20282** | 66294 | (46012) |
|  **Extraordinary Gain** | **4088** | 1068 | 3019 |
|  **Extraordinary Loss** | **11771** | 3813 | 7958 |
|  **Income before Income Taxes** | **12598** | 63549 | (50950) |
|  Income Taxes: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current | **970** | 8992 | (8022) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred | **(10601)** | (1110) | (9490) |
|  **Net Income** | ¥**22229** | ¥55666 | ¥(33436) |

---

2-19