# EDGAR Filing Document

**Accession Number:** 0001335730
**File Stem:** 0001193125-23-036911
**Filing Date:** 2023-2
**Character Count:** 59425
**Document Hash:** 269c5300547c3f804e60fcd19e03cf9b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-036911.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001193125-23-036911

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230214

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**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:** 23621868

**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.

------

**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 14, 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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**UNAUDITED QUARTERLY CONSOLIDATED JAPANESE GAAP FINANCIAL STATEMENTS** 

**AS OF AND FOR THE NINE MONTHS ENDED DECEMBER 31, 2022** 

On February 14, 2023, we published our unaudited quarterly consolidated financial statements as of and for the nine months ended December 31, 2022 prepared in accordance with Japanese GAAP as part of our quarterly securities report (*shihanki hokokusho*) for the same period filed by us with the relevant Japanese authorities. We have included in this report on Form 6-K an English translation of the unaudited quarterly consolidated financial statements and the notes thereto included in such quarterly securities report. Japanese GAAP differs in certain respects from U.S. GAAP. For a description of certain differences between U.S. GAAP and Japanese GAAP, see "Item 5. Operating and Financial Review and Prospects—Reconciliation with Japanese GAAP" in our most recent annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.

------

**Financial Information** 

1. The quarterly consolidated financial statements of Mizuho Financial Group, Inc. ("MHFG") are prepared
in accordance with the "Ordinance on the Terminology, Forms, and Preparation Methods of Quarterly Consolidated Financial Statements" (Cabinet Office Ordinance No. 64 of 2007). The classification of assets and liabilities and that of
income and expenses are in accordance with the "Ordinance for Enforcement of the Banking Act" (Ordinance of the Ministry of Finance No. 10 of 1982).

2. Ernst & Young ShinNihon LLC conducted a quarterly review on the quarterly consolidated financial
statements of MHFG for the nine months ended December 31, 2022, pursuant to Article 193-2, Paragraph 1 of the Financial Instruments and Exchange Act.

------

**I. Quarterly Consolidated Financial Statements** 

(1) Quarterly Consolidated Balance Sheet

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of**<br> **March 31, 2022** | **As of**<br> **March 31, 2022** | **As of**<br> **December 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 | \*1\*2 | 44641060 | \*1\*2 | 35665864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and Bills Discounted | \*1 | 84736280 | \*1 | 91230919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchange Assets | \*1 | 2627492 | \*1 | 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 | \*1 | 7797796 | \*1 | 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 | \*1 | 8346878 | \*1 | 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 |

---

------

---

| | | |
|:---|:---|:---|
|  | ***(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 and Preferred 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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(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quarterly Consolidated Statement of Income

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the nine months ended**<br> **December 31, 2021** | **For the nine months ended**<br> **December 31, 2021** | **For the nine months ended**<br> **December 31, 2021** | **For the nine months ended**<br> **December 31, 2022** | **For the nine months ended**<br> **December 31, 2022** | **For the nine months 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 | \*1 |  | 203702 | \*1 |  | 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 | &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;\*2 |  | 391372 | &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;\*2 |  | 156004 |
|  Ordinary Profits |  |  | 497656 |  |  | 658150 |
|  Extraordinary Gains | \*3 |  | 67229 | \*3 |  | 41945 |
|  Extraordinary Losses | \*4 |  | 9779 | \*4 |  | 10134 |
|  Income before Income Taxes |  |  | &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;555106 |  |  | &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;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 |

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quarterly Consolidated Statement of Comprehensive Income

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| | | |
|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the nine months ended**<br> **December 31, 2021** | **For the nine months ended**<br> **December 31, 2022** |
|  Profit | 488154 | &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;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 | &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;240222 | 81264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive Income Attributable to Non-controlling Interests | 10726 | 5450 |

---

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Notes to Quarterly Consolidated Financial Statements

*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.

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*Additional Information* 

*The Board Benefit Trust ("BBT") Program* 

Since MHFG operates its business to contribute to the creation of value for diverse stakeholders and realize improved corporate value through the continuous and stable growth of MHFG group pursuant to MHFG's basic management policy defined under the Mizuho Financial Group's Corporate Identity, MHFG has introduced a stock compensation program using a trust (the "Program") that functions as an incentive for each Director, Group Executive Officer, and Operating officers to exert maximum effort in performing his or her duties, and also as consideration for such exertion of effort.

(1) Outline of the Program

The Program has adopted the Board Benefit Trust ("BBT") framework. MHFG's shares on the stock market will be acquired through a trust established based on the underlying funds contributed by MHFG, and MHFG's shares will be distributed to Directors, Executive Officers, and Operating officers of MHFG, Mizuho Bank, Ltd., Mizuho Trust & Banking Co., Ltd., and Mizuho Securities Co., Ltd. (the "Company Group") and other entities in accordance with the Rules on Distribution of Shares to be prescribed in advance. The framework consists of the stock compensation program based on the Company Group Officer's responsibilities and others in their respective company ("Stock Compensation I"), the stock compensation program based on the performance evaluation of the Company Group ("Stock Compensation II") and the stock compensation program based on Company Group Officer's responsibilities in their respective company and the performance evaluation of the Company Group, which distributes MHFG's shares to Operating officers of MHFG and certain consolidated subsidiaries ("Stock Benefit").

Stock Compensation I will be paid at the time of retirement in the form of shares of MHFG calculated based on their responsibilities and others. A system is adopted which enables a decrease or forfeiture of the amount depending on the performance of the company or the individual.

Stock Compensation II will be paid in the form of shares of MHFG and will be deferred over three years, which is calculated based on the status of achieving our Five-Year Business Plan. A system is adopted which enables a decrease or forfeiture of the amount depending on the performance of the company or the individual.

Stock Benefit will be paid in the collective form of MHFG's share, which is based on responsibilities in their respective company and the performance evaluation of the Company Group. Reduction and forfeit of the benefit can occur in the program.

Upon the payment of stock compensation under the Program, MHFG may, for a certain portion, pay a monetary amount equivalent to the market value of its stock in lieu of stock compensation in accordance with the Rules on Distribution of Shares.

Voting rights related to MHFG's shares belonging to the trust assets under the trust shall not be exercised.

(2) MHFG's Shares Outstanding in the Trust

MHFG's shares outstanding in the trust are recognized as Treasury Stock under Net Assets at the carrying amount (excluding the amount of incidental expenses) in the trust. The carrying amount of such Treasury Stock as of December 31, 2022 was ¥5,127million for 3,232 thousand shares (the carrying amount as of March 31, 2022 was ¥4,949 million for 3,079 thousand shares).

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*Reserves for Possible Losses on Loans* 

In light of the principles set forth in the report entitled "JFSA's supervisory approaches to lending business and loan loss provisioning" published by JFSA on December 18, 2019, we have reflected the potential impact of COVID-19, the Russia-Ukraine situation, inflation and others on Reserves for Possible Losses on Loans for some credit. More specifically, expected losses are estimated using the assumptions based on the Russia-Ukraine situation, inflation and others in addition to the potential impact of COVID-19. The bases of the assumptions include the forecasted GDP growth rate, financial variables including resource prices, exchange rates, and others, the future prospect of the business environment of each industry, the impact of economic sanctions inside and outside of Russia, and the Russia-Ukraine situation. There are no material changes in the methods of the above accounting estimates and the major assumptions used in the quarterly consolidated financial statements from those of the previous fiscal year.

In addition, expected losses which are assumed may occur in the future due to difficulties in foreign currency cash management influenced by economic sanctions against Russia, in claims for which transfer risk has not been avoided, are recognized as Reserve for Possible Losses on Loans to Restructuring Countries.

The expected losses are calculated based on evaluation of Russian country risk and past defaults which are announced by external rating firms and others. The amount of Reserve for Possible Losses on Loans to Restructuring Countries for the nine months ended December 30, 2022 is ¥41,894 million, which includes ¥40,360 million against the claims related to Russia.

*Application of Treatment of Accounting and Disclosure for Applying the Japanese Group Relief System* 

MHFG and some domestic consolidated subsidiaries of the Group have transitioned from the Consolidated Tax System to the Japanese Group Relief System from the beginning of the first quarter ended June 30, 2022. In accordance with this, accounting and disclosure of corporate tax, local corporate tax and tax-effect accounting are in accordance with "Treatment of accounting and disclosure for applying the Japanese Group Relief System (Practical Solutions No. 42, August 12, 2021 ("Practical Solutions No.42")). In addition, based on Practical Solutions No. 42, Paragraph 32 (1), MHFG regards that there is no impact from the changes in accounting policies associated with the effects of application of Practical Solutions No.42.

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*Notes to Quarterly Consolidated Balance Sheet* 

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| | |
|:---|:---|
| \*1. | Claims based on Banking Act and the Act on Emergency Measures for the Revitalization of Financial Functions are as follows. The claims consist of those included in the accounts of bonds included in "Securities" (its principal's redemption and interest payments are guaranteed, in whole or in part, and the corporate bonds issue is limited to a private placement of the securities (Article 2, Paragraph 3 of the Financial Instruments and Exchange Act)), "Loans," "Foreign Exchanges Assets," accrued interest and suspense payment in "Other Assets" and "Customers' Liabilities for Acceptances and Guarantees" in the consolidated balance sheet, and securities in the notes in case they are loans (limited to those under a loan for use or lease agreement).  |

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| | | |
|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**As of March 31, 2022**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**As of December 31, 2022**  |
|  Claims against Bankrupt and Substantially Bankrupt Obligors | 50846 | 45035 |
|  Claims with Collection Risk | 722222 | 655316 |
|  Claims for Special Attention | 354034 | 324284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | 2498 | 1389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | 351535 | 322894 |
|  Sub-total | 1127104 | 1024635 |
|  Normal Claims | 96224900 | 104061473 |
|  Total | 97352004 | 105086109 |

---

The amounts given in the above table are gross amounts before deduction of amounts for the Reserves for Possible Losses on Loans.

---

| | |
|:---|:---|
| \*2. | Amounts of liabilities for guarantees on corporate bonds included in "Securities," which were issued by private placement (Article 2, Paragraph 3 of the Financial Instruments and Exchange Act)  |

---

---

| | |
|:---|:---|
| ***(Millions of yen)*** | ***(Millions of yen)*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**As of March 31, 2022**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**As of December 31, 2022**  |
| &nbsp;&nbsp;&nbsp;&nbsp;1,252,386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,156,729 |

---

------

*Notes to Quarterly Consolidated Statement of Income* 

\*1. Other Ordinary Income includes the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the nine months ended** <br>**December 31, 2021** | **For the nine months ended** <br>**December 31, 2021** | **For the nine months ended** <br>**December 31, 2022** | **For the nine months ended** <br>**December 31, 2022** |
|  Gains on Sales of Stocks |  | 160716 |  | 92867 |

---

\*2. Other Ordinary Expenses includes the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the nine months ended** <br>**December 31, 2021** | **For the nine months ended** <br>**December 31, 2021** | **For the nine months ended** <br>**December 31, 2022** | **For the nine months ended** <br>**December 31, 2022** |
|  Provision for Reserves for Possible Losses on Loans |  | 147958 |  | 51290 |
|  Losses on Sales of Stocks |  | 123590 |  | 42094 |

---

\*3. Extraordinary Gains includes the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the nine months ended** <br>**December 31, 2021** | **For the nine months ended** <br>**December 31, 2021** | **For the nine months ended** <br>**December 31, 2022** | **For the nine months ended** <br>**December 31, 2022** |
|  Gains on Cancellation of Employee Retirement Benefit Trust |  | 66331 |  | 41270 |

---

\*4. Extraordinary Losses includes the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the nine months ended** <br>**December 31, 2021** | **For the nine months ended** <br>**December 31, 2021** | **For the nine months ended** <br>**December 31, 2022** | **For the nine months ended** <br>**December 31, 2022** |
|  Losses on Disposition of Fixed Assets |  | 2938 |  | 5364 |
|  Losses on Impairment of Fixed Assets |  | 6841 |  | 4770 |

---

------

*Notes to Quarterly Consolidated Statement of Cash Flows* 

We have not prepared Consolidated Statement of Cash Flows for the nine months ended December 31, 2022. Depreciation (including Amortization of Intangible Fixed Assets excluding Goodwill) and Amortization of Goodwill for the nine months ended December 31, 2021 and 2022 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the nine months ended** <br>**December 31, 2021** | **For the nine months ended** <br>**December 31, 2021** | **For the nine months ended** <br>**December 31, 2022** | **For the nine months ended** <br>**December 31, 2022** |
|  Depreciation |  | 122155 |  | 121153 |
|  Amortization of Goodwill |  | 2810 |  | 2903 |

---

*Changes in Net Assets* 

For the nine months ended December 31, 2021

1. Cash dividends paid

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Resolution**  | **Type** | **Cash Dividends**<br>***(Millions of Yen)*** | **Cash Dividends**<br>**per Share**<br>***(Yen)*** | **Record Date** | **Effective Date** | **Resource of<br>Dividends** |
| May 14, 2021<br>The Board of Directors | Common Stock | 95201 | 37.50 | March 31, 2021 | June 8, 2021 | Retained<br> Earnings |
| November 12, 2021<br>The Board of Directors | Common Stock | 101545 | 40.00 | September 30, 2021 | December 7, 2021 | Retained<br> Earnings |

---

(Notes) 1. Cash dividends based on the resolution of the Board of Directors held on May 14, 2021 include ¥95 million of cash dividends on treasury stock held by BBT trust account.

2. Cash dividends based on the resolution of the Board of Directors held on November 12, 2021 include ¥123 million of cash dividends on treasury stock held by BBT trust account.

For the nine months ended December 31, 2022

1. Cash dividends paid

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &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;**Resolution**  | **Type** | **Cash Dividends**<br>***(Millions of Yen)*** | **Cash Dividends**<br>**per Share**<br>***(Yen)*** | **Record Date** | **Effective Date** | **Resource of<br>Dividends** |
| May 13, 2022<br>The Board of Directors | Common Stock | 101542 | 40.00 | March 31, 2022 | June 6, 2022 | Retained<br> Earnings |
| November 14, 2022<br>The Board of Directors | Common Stock | 107889 | 42.50 | September 30, 2022 | December 6, 2022 | Retained<br> Earnings |

---

(Notes) 1. Cash dividends based on the resolution of the Board of Directors held on May 13, 2022 include ¥123 million of cash dividends on treasury stock held by BBT trust account.

2. Cash dividends based on the resolution of the Board of Directors held on November 14, 2022 include ¥137 million of cash dividends on treasury stock held by BBT trust account.

------

*Business Segment Information, etc.* 

Business Segment Information

1. Summary of reportable segment

MHFG has introduced an in-house company system based on the group's diverse customer segments. The aim of this system is to leverage MHFG's strengths and competitive advantage, which is the seamless integration of MHFG's banking, trust and securities functions under a holding company structure, to speedily provide high-quality financial services that closely match customer needs.

Specifically, the company system is classified into the following five in-house companies, each based on a customer segment: the Retail & Business Banking Company, the Corporate & Institutional Company, the Global Corporate Company, the Global Markets Company, and the Asset Management Company.

The services that each in-house company is in charge of are as follows:

Retail & Business Banking Company:

Services for individual customers, small and medium-sized enterprises and middle market firms in Japan

Corporate & Institutional Company:

Services for large corporations, financial institutions and public corporations in Japan

Global Corporate Company:

Services for Japanese overseas affiliated corporate customers and non-Japanese corporate customers, etc.

Global Markets Company:

Investment services with respect to interest rates, equities and credits, etc. and other services

Asset Management Company:

Development of products and provision of services that match the asset management needs of its wide range of customers from individuals to institutional investors

The reportable segment information, set forth below, is derived from the internal management reporting systems used by management to measure the performance of the Group's operating segments. Management measures the performance of each of the operating segments in accordance with internal managerial accounting rules and practices.

------

2. Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs
and others, and Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others by reportable segment

For the nine months ended December 31, 2021

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **MHFG (Consolidated)** | **MHFG (Consolidated)** | **MHFG (Consolidated)** | **MHFG (Consolidated)** | **MHFG (Consolidated)** | **MHFG (Consolidated)** | **MHFG (Consolidated)** |
|  | **Retail &**<br>**Business**<br>**Banking**<br>**Company** | **Corporate &**<br>**Institutional**<br>**Company** | **Global**<br>**Corporate**<br>**Company** | **Global**<br>**Markets**<br>**Company** | **Asset**<br>**Management**<br>**Company** | **Others**<br>**(Note 2)** | |
|  Gross profits: (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others | 519858 | 351786 | 445627 | 358378 | 44008 | (20428) | 1699228 |
|  General and administrative expenses (excluding Non- Recurring Losses and others) | 467090 | 150437 | 217607 | 168979 | 24915 | 272 | 1029300 |
|  Equity in income from investments in affiliates | 6830 | 4053 | 12691 |  | 1120 | (1343) | 23350 |
|  Amortization of goodwill and others | 1621 | 71 | 270 | 603 | 5435 | 746 | 8746 |
|  Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others | 57977 | 205331 | 240441 | 188796 | 14778 | (22791) | 684531 |

---

(Notes) 1. "Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others" is reported instead of sales reported by general corporations. Net gains or losses related to
ETFs and others amounted to ¥3,755 million, of which ¥4,047 million is included in the Global Markets Company.

2. "Others" includes items which should be eliminated as internal transactions between each segment on a consolidated basis.

3. Following the change in allocation method for transactions between each segment and "Others" made in April 2022, reclassification was made on the above table to reflect the relevant change.

------

For the nine months ended December 31, 2022

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **MHFG (Consolidated)** | **MHFG (Consolidated)** | **MHFG (Consolidated)** | **MHFG (Consolidated)** | **MHFG (Consolidated)** | **MHFG (Consolidated)** | **MHFG (Consolidated)** |
|  | **Retail &**<br>**Business**<br>**Banking**<br>**Company** | **Corporate &**<br>**Institutional**<br>**Company** | **Global**<br>**Corporate**<br>**Company** | **Global**<br>**Markets**<br>**Company** | **Asset**<br>**Management**<br>**Company** | **Others**<br>**(Note 2)** | |
|  Gross profits: (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others | 503072 | 349274 | 486825 | 335540 | 41414 | 33353 | 1749478 |
|  General and administrative expenses (excluding Non- Recurring Losses and others) | 453971 | 145807 | 231336 | 187892 | 26262 | 34372 | 1079640 |
|  Equity in income from investments in affiliates | (2820) | 5699 | 16619 |  | (162) | 1279 | 20615 |
|  Amortization of goodwill and others | 1553 | 68 | 460 | 578 | 5146 | 789 | 8594 |
|  Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others | 44728 | 209098 | 271648 | 147070 | 9844 | (529) | 681858 |

---

(Notes) 1. "Gross profits (excluding the amounts of credit costs of trust accounts) + Net gains or losses related to ETFs and others" is reported instead of sales reported by general corporations. Net gains or losses related to
ETFs and others amounted to ¥5,559 million, of which ¥2,856 million is included in the Global Markets Company.

2. "Others" includes items which should be eliminated as internal transactions between each segment on a consolidated basis.

------

3. The difference between the total amounts of Net business profits or losses (excluding the amounts of credit
costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others of reportable segments and the recorded amounts in the Quarterly Consolidated Statement of Income, and
the contents of the difference (Matters relating to adjustment to difference)

The above total amounts of Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net gains or losses related to ETFs and others derived from internal management reporting are different from Income before income taxes recorded in the Quarterly Consolidated Statement of Income.

The contents of the difference for the nine months ended December 31, 2021 and 2022, are as follows:

---

| | | |
|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the nine months ended**<br>**December 31, 2021** | **For the nine months ended**<br>**December 31, 2022** |
|  Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) + Net Gains (Losses) related to ETFs and others | 684531 | 681858 |
|  General and Administrative Expenses (non-recurring losses) | 27901 | 30610 |
|  Expenses related to Portfolio Problems (including reversal of (provision for) general reserve for losses on loans) | (160301) | (70153) |
|  Gains on Reversal of Reserves for Possible Losses on Loans, and others | 12393 | 4791 |
|  Net Gains (Losses) related to Stocks—Net Gains (Losses) related to ETFs and others | (33577) | 41933 |
|  Net Extraordinary Gains (Losses) | 57449 | 31810 |
|  Others | (33291) | (30890) |
|  Income before Income Taxes recorded in Quarterly Consolidated Statement of Income | 555106 | 689961 |

---

*Financial Instruments* 

1. Matters relating to fair value of financial instruments and others

Quarterly Consolidated Balance Sheet Amount, Fair Value and Difference between Quarterly Consolidated Balance Sheet Amount and Fair value of financial instruments which are material for operations of the corporate group and have changed significantly in comparison to the end of fiscal year ended March 31, 2022 are as follows;

As of March 31, 2022

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Consolidated Balance Sheet** <br>**Amount** | **Fair Value** | **Difference** |
|  Bonds and Notes | 10714004 | 10566589 | (147415) |

---

As of December 31, 2022

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Quarterly Consolidated Balance<br>Sheet Amount** | **Fair Value** | **Difference** |
|  Bonds and Notes | 10856934 | 10281553 | (575380) |

---

------

2. Matters relating to breakdown of fair value of financial instruments by level

Financial instruments recorded at fair value in the quarterly consolidated balance sheet which are material for operations of the corporate group and have changed significantly in comparison to the end of fiscal year ended March 31, 2022 are as follows;

Fair values of financial instruments are categorized into three levels as below on the basis of the observability and the materiality of the valuation inputs used in fair value measurements.

Fair values of Level 1: Fair values measured by quoted prices of the assets or liabilities being measured which are given in active markets among observable valuation inputs

Fair values of Level 2: Fair values measured by inputs other than inputs included within Level 1 among observable valuation inputs

Fair values of Level 3: Fair values measured by unobservable valuation inputs

When several inputs that have significant impact on fair value measurement are used and those inputs are categorized into different levels, the fair value is categorized into the lowest priority level for fair value measurement among the levels in which each of the inputs belongs.

As of March 31, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
| **Category** | **Fair Value** | **Fair Value** | **Fair Value** | **Fair Value** |
| **Category** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  Securities (Other Securities) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Government Bonds | 24661972 | 496757 |  | 25158730 |

---

As of December 31, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
| **Category** | **Fair Value** | **Fair Value** | **Fair Value** | **Fair Value** |
| **Category** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  Securities (Other Securities) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Government Bonds | 13966024 | 756526 |  | 14722551 |

---

*Securities* 

Securities which are material for operations of the corporate group and have changed significantly in comparison to the end of fiscal year ended March 31, 2022 are as follows;

1. Other Securities

As of March 31, 2022

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Acquisition Cost** | **Consolidated**<br> **Balance Sheet Amount** | **Difference** |
|  Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Government Bonds | 25189273 | 25158730 | (30543) |

---

As of December 31, 2022

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Acquisition Cost** | **Quarterly Consolidated**<br> **Balance Sheet Amount** | **Difference** |
|  Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Government Bonds | 14780968 | 14722551 | (58417) |

---

------

*Money Held in Trust* 

There are no significant changes to be noted compared with the amount of the fiscal year ended March 31, 2022.

------

*Derivatives Information* 

The classification, type, contract value, fair value and unrealized gains (losses) which are material for operations of the corporate group and have changed significantly in comparison to the end of fiscal year ended March 31, 2022 are as follows:

(1) Interest Rate and Bond-Related Transactions

As of March 31, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
| **Classification** | **Type** | **Contract Value** | **Fair Value** | **Unrealized**<br>**Gains (Losses)** |
|  Listed | Interest Rate Futures | 66263358 | 456 | 456 |
|  Over-the-Counter | Interest Rate Swaps | &nbsp;&nbsp;&nbsp;&nbsp;1254981648 | 2 | 2 |
|  Inter-Company or Internal Transactions | Interest Rate Swaps | 12501296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81886 | 81886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 82345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82345 |

---

(Notes) 1. The above transactions are marked to market, and changes in unrealized gains (losses) are included in the consolidated statement of income.

2. Derivative transactions qualifying for hedge accounting under "Accounting and Auditing Treatment Relating to Adoption of Accounting Standards for Financial Instruments for Banks" (JICPA Industry Committee Practical
Guideline No. 24, March 17, 2022) and others are excluded from the above table.

As of December 31, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
| **Classification** | **Type** | **Contract Value** | **Fair Value** | **Unrealized**<br>**Gains (Losses)** |
|  Listed | Interest Rate Futures | 124461267 | 48575 | 48575 |
|  Over-the-Counter | Interest Rate Swaps | &nbsp;&nbsp;&nbsp;&nbsp;1457658640 | (124093) | (124093) |
|  Inter-Company or Internal Transactions | Interest Rate Swaps | 15413818 | 402470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326952 | 326952 |

---

(Notes) 1. The above transactions are marked to market, and changes in unrealized gains (losses) are included in the quarterly consolidated statement of income.

2. Derivative transactions qualifying for hedge accounting under "Accounting and Auditing Treatment Relating to Adoption of Accounting Standards for Financial Instruments for Banks" (JICPA Industry Committee Practical
Guideline No. 24, March 17, 2022) and others are excluded from the above table.

------

(2) Currency-Related Transactions

As of March 31, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
| **Classification** | **Type** | **Contract Value** | **Fair Value** | **Unrealized**<br>**Gains (Losses)** |
|  Over-the-Counter | Swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84601373 | 74412 | 111140 |
|  Inter-Company or Internal Transactions | Swaps | 3792499 | 219192 | 559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111699 |

---

---

| | | |
|:---|:---|:---|
| (Notes) | 1. | The above transactions are marked to market, and changes in unrealized gains (losses) are included in the consolidated statement of income. |
|  | 2. | The following transactions are excluded from the above table: |
|  |  | • Transactions qualifying for hedge accounting under "Accounting and Auditing Treatment Relating to Adoption of Accounting Standards for Foreign Currency Transactions for Banks" (JICPA Industry Committee Practical Guideline No. 25, October 8, 2020) and others. |
|  |  | • Transactions which are specified for certain financial assets and liabilities denominated in foreign currencies and reflected on the consolidated balance sheet. |
|  |  | • Transactions denominated in foreign currencies which are eliminated in consolidation. |

---

As of December 31, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
| **Classification** | **Type** | **Contract Value** | **Fair Value** | **Unrealized**<br>**Gains (Losses)** |
|  Over-the-Counter | Swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98634323 | 105058 | 72364 |
|  Inter-Company or Internal Transactions | Swaps | 3792257 | 258359 | 13756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86120 |

---

---

| | | |
|:---|:---|:---|
| (Notes) | 1. | The above transactions are marked to market, and changes in unrealized gains (losses) are included in the quarterly consolidated statement of income. |
|  | 2. | The following transactions are excluded from the above table: |
|  |  | • Transactions qualifying for hedge accounting under "Accounting and Auditing Treatment Relating to Adoption of Accounting Standards for Foreign Currency Transactions for Banks" (JICPA Industry Committee Practical Guideline No. 25, October 8, 2020) and others. |
|  |  | • Transactions which are specified for certain financial assets and liabilities denominated in foreign currencies and reflected on the quarterly consolidated balance sheet. |
|  |  | • Transactions denominated in foreign currencies which are eliminated in consolidation. |

---

------

(3) Stock-Related Transactions

As of March 31, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
| **Classification** | **Type** | **Contract Value** | **Fair Value** | **Unrealized**<br>**Gains (Losses)** |
|  Over-the-Counter | Equity Linked Swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;994753 | 80207 | 80207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80207 |

---

(Notes) 1. The above transactions are marked to market, and changes in unrealized gains (losses) are included in the consolidated statement of income.

2. Derivative transactions qualifying for hedge accounting are excluded from the above table.

As of December 31, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
| **Classification** | **Type** | **Contract Value** | **Fair Value** | **Unrealized**<br>**Gains (Losses)** |
|  Over-the-Counter | Equity Linked Swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;890107 | 125123 | 125123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125123 |

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(Notes) 1. The above transactions are marked to market, and changes in unrealized gains (losses) are included in the quarterly consolidated statement of income.

2. Derivative transactions qualifying for hedge accounting are excluded from the above table.

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*Revenue recognition* 

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| | | |
|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the nine months ended**<br>**December 31, 2021** | **For the nine months ended**<br>**December 31, 2022** |
|  Ordinary Income | 2345453 | 4308147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Income | 648856 | 640453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits and Lending business (1) | 189551 | 213062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities-related business | 155963 | 124406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remittance business | 79867 | 79358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trust-related business | 61358 | 50599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee-related business (2) | 26013 | 30088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agency business | 27188 | 27885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fees for other customer services | 108911 | 115053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fiduciary Income | 44755 | 43548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Income (1) | 1651841 | 3624144 |

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Notes:

(1) Part of these amounts are considered to be revenues from contracts that are within the scope of
"Accounting Standard for Revenue Recognition".

(2) These amounts are revenues from contracts that do not meet the scope of "Accounting Standard for Revenue
Recognition".

(3) In the above table, revenues that are within the scope of "Accounting Standard for Revenue
Recognition" are mainly generated from "Retail & Business Banking Company", "Corporate & Institutional Company" and "Global Corporate Company".

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*Per Share Information* 

Net Income per Share of Common Stock and Diluted Net Income per Share of Common Stock are based on the following information:

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| | | | |
|:---|:---|:---|:---|
| | | **For the nine months ended**<br>**December 31, 2021** | **For the nine months ended**<br>**December 31, 2022** |
| (1) Net Income per Share of Common Stock | *Yen* | 188.82 | 214.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (The basis used for calculating Net Income per Share of Common Stock) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (The basis used for calculating Net Income per Share of Common Stock) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit Attributable to Owners of Parent | *Millions of yen* | 478656 | 543277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount not attributable to Common Stock | *Millions of yen* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit Attributable to Owners of Parent related to Common Stock | *Millions of yen* | 478656 | 543277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Average Outstanding Shares of Common Stock (during the period) | *Thousands of shares* | 2534973 | 2534327 |
| (2) Diluted Net Income per Share of Common Stock | *Yen* | 188.81 | 214.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (The basis used for calculating Diluted Net Income per Share of Common Stock) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (The basis used for calculating Diluted Net Income per Share of Common Stock) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustment to Profit Attributable to Owners of Parent | *Millions of yen* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increased Number of Shares of Common Stock | *Thousands of shares* | 67 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stock Acquisition Rights | *Thousands of shares* | 67 | 19 |
|  Description of dilutive securities which were not included in the calculation of Diluted Net Income per Share of Common Stock as they have no dilutive effects and in which significant changes occurred after the end of the previous fiscal year |  |  |  |

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(Notes) In the calculation of Net Income per Share of Common Stock and Diluted Net Income per Share of Common Stock, MHFG shares outstanding in BBT trust account that were recognized as Treasury Stock in Shareholders' Equity are
included in Treasury Stock shares deducted in the calculation of the Average Outstanding Shares of Common Stock during the period. The average number of such Treasury Stock shares deducted during the nine months ended December 31, 2021 was
2,831 thousand, and the average number of such Treasury Stock shares deducted during the nine months ended December 31, 2022 was 3,290 thousand.

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**II.** **Others** 

At the meeting of the Board of Directors held on November 14, 2022, the interim cash dividends for the 21st term were resolved as follows:

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| | |
|:---|:---|
|  Total amount of interim cash dividends | ¥107,889 million |
|  Interim cash dividends per share |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock | ¥42.50 |
|  Effective date and starting date of dividend payments | December 6, 2022 |

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