# EDGAR Filing Document

**Accession Number:** 0001335730
**File Stem:** 0001193125-26-225225
**Filing Date:** 2026-5
**Character Count:** 315293
**Document Hash:** f8e4f8ea81883afa4b6ee913fd9d6b99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-225225.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001193125-26-225225

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260515

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MIZUHO FINANCIAL GROUP INC
- **CENTRAL INDEX KEY:** 0001335730
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33098
- **FILM NUMBER:** 26982079

**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

**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 May 2026** 

**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 ☐

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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NO. 333-282497) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.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.

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| | |
|:---|:---|
| Date: May 15, 2026 | Date: May 15, 2026 |
| Mizuho Financial Group, Inc. | Mizuho Financial Group, Inc. |
| By: | /s/ Makoto Samejima |
| Name: | Makoto Samejima |
| Title: | Senior Managing Corporate Executive / Group CFO |

---

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**For Immediate Release:** 

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| | |
|:---|:---|
| **Consolidated Financial Statements for Fiscal 2025**<br> **(Under Japanese GAAP)** | ![LOGO](g146326dsp04.jpg) |

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| | | |
|:---|:---|:---|
| Company Name: | **Mizuho Financial Group, Inc. ("MHFG")** | May 15, 2026 |

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| | | | |
|:---|:---|:---|:---|
| Stock Code Number (Japan): | 8411 | 8411 | 8411 |
| Stock Exchange Listings: | Tokyo Stock Exchange (Prime Market), New York Stock Exchange | 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 | President & Group CEO |  |
| For Inquiry: | Hikaru Osuga | General Manager of Accounting | Phone: +81-3-6838-6101 |

---

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| | | |
|:---|:---|:---|
| Ordinary General Meeting of Shareholders (scheduled) : | June 26, 2026 | Commencement of Dividend Payment (scheduled): June 8, 2026 |
| Filing of Yuka Shoken Hokokusho to<br> the Kanto Local Finance Bureau (scheduled): | June 19, 2026 | Trading Accounts: Established |
| Supplementary Materials on Annual Results: | Attached |  |
| IR Conference on Annual Results: | Scheduled |  |
| Amounts less than one million yen are rounded down. | Amounts less than one million yen are rounded down. | Amounts less than one million yen are rounded down. |

---

**1. Financial Highlights for Fiscal 2025 (for the fiscal year ended March 31, 2026)** 

**(1) Consolidated Results of Operations** 

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| (%: 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) | (%: 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) | (%: Changes from the previous fiscal year) | (%: Changes from the previous fiscal year) |  |
|  | **Ordinary Income** | **Ordinary Income** | **Ordinary Income** |  | **Ordinary Profits** | **Ordinary Profits** | **Ordinary Profits** |  | **Profit Attributable<br>to Owners of<br>Parent** | **Profit Attributable<br>to Owners of<br>Parent** | **Profit Attributable<br>to Owners of<br>Parent** |  |
|  | **¥ million** | **%** | **%** |  | **¥ million** | **%** | **%** |  | **¥ million** | **%** | **%** |  |
|  Fiscal 2025 | 9085438 | | *0.6* | | 1573159 | | *34.6* | | 1248632 | | *41.0* | |
|  Fiscal 2024 | 9030374 | | *3.2* | | 1168141 | | *27.7* | | 885433 | | *30.4* | |

---

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| | |
|:---|:---|
|  Note: | Comprehensive Income:<br> Fiscal 2025: ¥1,651,210 million, 167.1 %; Fiscal 2024: ¥618,184 million, (54.0)% |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Earnings<br>per Share of<br>Common Stock** | **Diluted Earnings<br>per Share of<br>Common Stock** | **Earnings<br>on Own Capital** | **Earnings<br>on Own Capital** | **Ordinary Profits<br>to Total Assets** | **Ordinary Profits<br>to Ordinary Income** |
|  | **¥** | **¥** | ¥**%** | **%** | **%** | **%** |
|  Fiscal 2025 | 502.92 |  |  | 11.4 | 0.5 | 17.3 |
|  Fiscal 2024 | 350.20 |  |  | 8.5 | 0.4 | 12.9 |

---

 <br> Reference: Equity in Income from Investments in Affiliates: Fiscal 2025: ¥52,266 million; Fiscal 2024: ¥46,782 million

**(2) Consolidated Financial Conditions** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Assets** | **Total Net Assets** | **Own Capital Ratio** | **Total Net Assets<br>per Share of<br>Common Stock** |
|  | **¥ million** | **¥ million** | **%** | **¥** |
|  Fiscal 2025 | 302240042 | 11403890 | 3.7 | 4640.23 |
|  Fiscal 2024 | 283320404 | 10523753 | 3.6 | 4161.03 |

---

 <br> Reference: Own Capital: As of March 31, 2026: ¥11,315,320 million; As of March 31, 2025: ¥10,442,211 million

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

---

**(3) Conditions of Consolidated Cash Flows** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Cash Flows from**<br>**Operating Activities** | **Cash Flows from**<br>**Investing Activities** | **Cash Flows from**<br>**Financing Activities** | **Cash and Cash Equivalents**<br>**at the end of the fiscal year** |
|  | **¥ million** | **¥ million** | **¥ million** | **¥ million** |
|  Fiscal 2025 | (4838533) | (6668376) | (523153) | 59677580 |
|  Fiscal 2024 | (3820800) | 3793092 | (299030) | 70723361 |

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

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **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** | **Total Cash Dividends<br>(Total)** | **Dividends Pay-out<br>Ratio<br>(Consolidated basis)** | **Dividends on Net<br>Assets<br>(Consolidated basis)** |
| | **First<br>quarter-end** | **Second<br>quarter-end** | **Third<br>quarter-end** | **Fiscal<br>year-end** | **Annual** | **Total Cash Dividends<br>(Total)** | **Dividends Pay-out<br>Ratio<br>(Consolidated basis)** | **Dividends on Net<br>Assets<br>(Consolidated basis)** |
|  | **¥** | **¥** | **¥** | **¥** | **¥** | **¥ million** | **%** | **%** |
|  Fiscal 2024 |  | 65.00 |  | 75.00 | 140.00 | 353456 | 39.9 | 3.4 |
|  Fiscal 2025 |  | 72.50 |  | 72.50 | 145.00 | 357484 | 28.8 | 3.2 |
|  Fiscal 2026 (estimate) |  | 75.00 |  | 75.00 | 150.00 |  | 28.1 |  |

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**3. Consolidated Earnings Estimates for Fiscal 2026 (for the fiscal year ending March 31, 2027)** 

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| | | | |
|:---|:---|:---|:---|
| (%: Changes from the corresponding period of the previous fiscal year) | (%: Changes from the corresponding period of the previous fiscal year) | (%: Changes from the corresponding period of the previous fiscal year) | (%: Changes from the corresponding period of the previous fiscal year) |
|  | **Profit Attributable<br>to Owners of<br>Parent** | **Profit Attributable<br>to Owners of<br>Parent** | **Earnings**<br>**per Share of<br>Common Stock** |
|  | **¥million** | **%** | **¥** |
|  1H F2026 |  |  |  |
|  Fiscal 2026 | 1300000 | 4.1 | 533.10 |

---

 <br> Note: The number of shares of common stock used in the above calculation is based on the number of outstanding shares of common stock (excluding treasury stock and others) as of March 31, 2026.

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**Notes** 

**(1) Significant changes in the scope of consolidation during the period:** No

**(2) 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: No

&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

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

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| | | | | |
|:---|:---|:---|:---|:---|
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i. Year-end issued shares<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (including treasury stock): | As of March 31, 2026 | 2,489,848,594 shares | As of March 31, 2025 | 2,513,757,794 shares |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ii. Year-end treasury stock: | As of March 31, 2026 | 51,325,298 shares | As of March 31, 2025 | 4,233,302 shares |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; iii. Average number of outstanding shares: | Fiscal 2025 | 2,482,716,178 shares | Fiscal 2024 | 2,528,302,462 shares |

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This immediate release is outside the scope of the audit by certified public accountants or an audit firm.

*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; 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 medium-term 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; changes to applicable laws and regulations; and the effects of climate change.* 

*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 29, 2025, 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.* 

*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.* 

🔾 Contents of Attachment

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| | | |
|:---|:---|:---|
| 1. | Overview of Consolidated Results of Operations and Financial Condition | p.1-2 |
|  | (1) Overview of Results of Operations | p.1-2 |
|  | (2) Overview of Financial Condition | p.1-2 |
|  | (3) Basic Policy on Profit Distribution, Dividend Payment for Fiscal 2025 and Dividend Estimates for Fiscal 2026 | p.1-2 |
| 2. | Basic Stance on Selection of Accounting Standards | p.1-4 |
| 3. | Consolidated Financial Statements and Notes | p.1-5 |
|  | (1) Consolidated Balance Sheets | p.1-5 |
|  | (2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income | p.1-7 |
|  | (3) Consolidated Statements of Changes in Net Assets | p.1-10 |
|  | (4) Consolidated Statements of Cash Flows | p.1-12 |
|  | (5) Notes regarding Consolidated Financial Statements | p.1-14 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; (Matters Related to the Assumption of Going Concern) |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; (Business Segment Information) |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; (Per Share Information) |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; (Subsequent Events) |  |

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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.

An MHFG IR conference for institutional investors and analysts is scheduled for Tuesday, May 19, 2026. The IR conference presentation materials and audio archive will be available for use by individual investors in the IR Information section of the Mizuho Financial Group website immediately after the conference.

1-1

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*Mizuho Financial Group, Inc.* 

**1. Overview of Consolidated Results of Operations and Financial Condition** 

**(1) Overview of Results of Operations** 

We recorded Consolidated Gross Profits of ¥3,477.2 billion for fiscal 2025, increasing by ¥556.8 billion from the previous fiscal year mainly due to the strong growth in Fee business both in and outside Japan as well as external factors such as Yen depreciation, and the higher Bank of Japan's policy interest rate.

General and Administrative Expenses increased by ¥262.7 billion on a year-on-year basis to ¥2,103.4 billion mainly due to the unavoidable increases from Yen depreciation and inflation as well as the resource deployment to growth areas and governance-related costs to enhance our management base, offset in part by our maintaining appropriate control on expenses.

As a result, Consolidated Net Business Profits increased by ¥323.8 billion on a year-on-year basis to ¥1,422.7 billion.

Consolidated Net Business Profits + Net Gains (Losses) related to ETFs and others, which consists of Consolidated Net Business Profits, Net Gains (Losses) related to ETFs and others on a non-consolidated aggregated basis of the banks, and Net Gains (Losses) related to operating investment securities on a consolidated basis of Mizuho Securities Co., Ltd., increased by ¥316.8 billion on a year-on-year basis to ¥1,461.1 billion.

Credit-related Costs increased by ¥81.4 billion on a year-on-year basis to ¥133.0 billion mainly due to the costs for specific companies in and outside Japan as well as the provision of reserves from a forward-looking perspective, considering uncertainty in business environment, such as Middle East conflict.

Net Gains (Losses) related to Stocks increased by ¥183.9 billion on a year-on-year basis to net gains of ¥325.1 billion mainly due to the increase in profits from the sale of cross-holding stocks.

As a result, Ordinary Profits increased by ¥405.0 billion on a year-on-year basis to ¥1,573.1 billion.

Extraordinary Gains (Losses) increased by ¥27.1 billion on a year-on-year basis to net gains of ¥49.1 billion mainly due to the recognition of gains on the cancellation of employee retirement benefit trust.

Tax-related Expenses increased by ¥66.7 billion on a year-on-year basis to ¥368.1 billion.

As a result, Profit Attributable to Owners of Parent for fiscal 2025 increased by ¥363.1 billion on a year-on-year basis to ¥1,248.6 billion.

As for earnings estimates for fiscal 2026, we estimate Profit Attributable to Owners of Parent of ¥1,300.0 billion on a consolidated basis.

We will disclose promptly if we need to revise the above consolidated earnings estimates in accordance with Tokyo Stock Exchange rules.

**(2) Overview of Financial Condition** 

Consolidated Total Assets as of March 31, 2026 amounted to ¥302,240.0 billion, increasing by ¥18,919.6 billion from the end of the previous fiscal year mainly due to an increase in Securities.

Securities amounted to ¥42,632.5 billion, increasing by ¥8,324.9 billion from the end of the previous fiscal year. Loans and Bills Discounted amounted to ¥99,753.1 billion, increasing by ¥5,644.4 billion from the end of the previous fiscal year. Deposits and Negotiable Certificates of Deposit amounted to ¥177,851.6 billion, increasing by ¥4,706.0 billion from the end of the previous fiscal year.

Net Assets amounted to ¥11,403.8 billion, increasing by ¥880.1 billion from the end of the previous fiscal year. Shareholders' Equity was ¥9,906.1 billion, Accumulated Other Comprehensive Income was ¥1,409.1 billion, and Non-controlling Interests was ¥87.3 billion.

Net Cash Used in Operating Activities was ¥4,838.5 billion mainly due to increased Trading Assets. Net Cash Used in Investing Activities was ¥6,668.3 billion mainly due to the purchase, sale and redemption of securities, and Net Cash Used in Financing Activities was ¥523.1 billion mainly due to the redemption of subordinated bonds.

As a result, Cash and Cash Equivalents as of March 31, 2026 was ¥59,677.5 billion.

**(3) Basic Policy on Profit Distribution, Dividend Payment for Fiscal 2025 and Dividend Estimates for Fiscal 2026** 

Based on our capital management policy of pursuing the optimal balance between capital adequacy, growth investment and enhancement of shareholder return, for Fiscal 2025, we maintain our shareholder return policy of keeping progressive increase of dividends per share, while executing flexible and intermittent share buybacks. In addition, we will increase dividends per share by approximately ¥5.0 each fiscal year, based on the steady growth of our stable earnings base. We will decide share buybacks, based on our business results, capital adequacy, our stock price and the opportunities for growth investment, using the total payout ratio of 50% or more as a guide.

1-2

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*Mizuho Financial Group, Inc.* 

Based on this policy, at the meeting of the Board of Directors held today, we have decided to issue ¥72.5 of year-end cash dividends on common stock for Fiscal 2025 (annual cash dividends of ¥145.0 including interim dividends of ¥72.5), based on Profit Attributable to Owners of Parent for Fiscal 2025 of ¥1,248 billion.

Consolidated Common Equity Tier 1 capital ratio (Basel III finalization basis, excluding Net Unrealized Gains (Losses) on Other Securities) was 9.9%, thus again fulfilling the lower end of the 9-10% range that we consider as the necessary level.

Year-end cash dividends on Common Stock ¥72.5 per share <br> Annual cash dividends incl. interim dividends ¥145.0 per share

We note that, in accordance with the Articles of Incorporation, we are able to decide to issue dividends by resolution of the Board of Directors unless otherwise stipulated by laws and regulations.

As for the dividend estimates of common stock for Fiscal 2026, we predict ¥150.0 per share of common stock, which is an increase of ¥5.0 from Fiscal 2025. We intend to continue payments of cash dividends at the interim period to return profits to our shareholders in a timely manner.

(Dividend Estimates for Fiscal 2026)

Common Stock Cash Dividends per Share of which Interim and Year-end Dividends ¥150.0 (Increase of ¥5.0 from Fiscal 2025)<br>¥75.0 each

1-3

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*Mizuho Financial Group, Inc.* 

**2. Basic Stance on Selection of Accounting Standards** 

MHFG prepares its consolidated financial statements in accordance with Japanese Generally Accepted Accounting Principles. With respect to International Financial Reporting Standards (IFRS), in light of possible adoption in the future, MHFG is continuing research and study on the situation in Japan and overseas and/or the development of IFRS.

1-4

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*Mizuho Financial Group, Inc.* 

**3. Consolidated Financial Statements and Notes** 

**(1) Consolidated Balance Sheets** 

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| | | |
|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of**<br>**March 31,**<br>**2025** | **As of**<br>**March 31,**<br>**2026** |
|  **Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and Due from Banks | ¥72483086 | ¥61567751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Call Loans and Bills Bought | 688473 | 904328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables under Resale Agreements | 28107374 | 30571427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee Deposits Paid under Securities Borrowing Transactions | 2078999 | 1771938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monetary Claims Bought | 3932427 | 4162850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Assets | 22240796 | 30477937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Held in Trust | 632025 | 622709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | 34307574 | 42632517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and Bills Discounted | 94108757 | 99753193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchanges | 2237879 | 2754033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives other than for Trading Assets | 3497747 | 6187816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Assets | 7008874 | 7202972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tangible Fixed Assets | 1122592 | 1137346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buildings | 332093 | 359021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Land | 570345 | 560025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease Assets | 20968 | 18244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction in Progress | 61297 | 43727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Tangible Fixed Assets | 137887 | 156327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible Fixed Assets | 808897 | 882257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Software | 453171 | 518250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | 108029 | 140127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease Assets | 11419 | 10217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Intangible Fixed Assets | 236277 | 213662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Defined Benefit Asset | 758783 | 776413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Assets | 237630 | 238473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customers' Liabilities for Acceptances and Guarantees | 9824242 | 11233375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Loan Losses | (755751) | (637302) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Investment Losses | (5) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | ¥283320404 | ¥302240042 |

---

1-5

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*Mizuho Financial Group, Inc.* 

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| | | |
|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of**<br>**March 31,**<br>**2025** | **As of**<br>**March 31,**<br>**2026** |
|  **Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | ¥158746762 | ¥165937062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Negotiable Certificates of Deposit | 14398784 | 11914568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Call Money and Bills Sold | 2745165 | 3191543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payables under Repurchase Agreements | 38393650 | 37731778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee Deposits Received under Securities Lending Transactions | 1604389 | 1968469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | 2138133 | 1921799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Liabilities | 14290572 | 19146460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowed Money | 4008514 | 5098065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchanges | 840486 | 1188938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term Bonds | 724118 | 524540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds and Notes | 12877794 | 15444980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to Trust Accounts | 950946 | 687707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives other than for Trading Liabilities | 4566669 | 7657456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Liabilities | 6267822 | 6737864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Bonus Payments | 224246 | 259620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Variable Compensation | 2226 | 2880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Defined Benefit Liability | 68259 | 72664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Director and Corporate Auditor Retirement Benefits | 484 | 403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Possible Losses on Sales of Loans | 1266 | 6707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Contingencies | 22542 | 15789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Reimbursement of Deposits | 7146 | 4936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Reimbursement of Debentures | 19965 | 6850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserves under Special Laws | 4247 | 5386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Liabilities | 21155 | 31222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Liabilities for Revaluation Reserve for Land | 47059 | 45074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acceptances and Guarantees | 9824242 | 11233375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | ¥272796651 | ¥290836151 |
|  **Net Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock | ¥2256767 | ¥2256767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Surplus | 1129730 | 1129730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Earnings | 6046578 | 6831168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury Stock | (9462) | (311529) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Shareholders' Equity** | 9423614 | 9906137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Gains (Losses) on Other Securities | 867697 | 1314449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Gains (Losses) on Hedges | (465204) | (855219) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revaluation Reserve for Land | 98680 | 94371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Translation Adjustments | 398783 | 630802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of Defined Benefit Plans | 119654 | 225704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Own Credit Risk Adjustments, Net of Tax | (1014) | (925) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Accumulated Other Comprehensive Income** | 1018596 | 1409182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Stock Acquisition Rights** | 5 | 1208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-controlling Interests** | 81536 | 87361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Net Assets** | 10523753 | 11403890 |
|  **Total Liabilities and Net Assets** | ¥283320404 | ¥302240042 |

---

1-6

------

*Mizuho Financial Group, Inc.* 

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

**Consolidated Statements of Income** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |  |
|  | **For the fiscal<br>year ended<br>March 31, 2025** |  | **For the fiscal<br>year ended<br>March 31, 2026** |  |
|  **Ordinary Income** | ¥9030374 |  | ¥9085438 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Income | 6000202 |  | 5851595 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Loans and Bills Discounted* | *2739320* | | *2785659* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest and Dividends on Securities* | *861082* | | *929657* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Call Loans and Bills Bought* | *20981* | | *18125* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Receivables under Resale Agreements* | *801353* | | *788222* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Securities Borrowing Transactions* | *53453* | | *46643* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Due from Banks* | *951617* | | *887638* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Other Interest Income* | *572394* | | *395649* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trust Fees | 62288 |  | 67001 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Income | 1115433 |  | 1311948 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Income | 1047459 |  | 898858 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Operating Income | 394573 |  | 430498 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Income | 410417 |  | 525536 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Recovery of Written-off Claims* | *10698* | | *6265* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Other* | *399718* | | *519270* | |
|  **Ordinary Expenses** | 7862233 |  | 7512278 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Expenses | 4954945 |  | 4474506 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Deposits* | *1690300* | | *1677004* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Negotiable Certificates of Deposit* | *494833* | | *494445* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Call Money and Bills Sold* | *16426* | | *24972* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Payables under Repurchase Agreements* | *1843925* | | *1381046* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Securities Lending Transactions* | *39037* | | *37451* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Commercial Paper* | *65808* | | *96394* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Borrowed Money* | *60493* | | *55561* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Short-term Bonds* | *2299* | | *6905* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Bonds and Notes* | *404367* | | *443047* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Other Interest Expenses* | *337452* | | *257676* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Expenses | 208639 |  | 231530 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Expenses |  |  | 3947 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Operating Expenses | 535969 |  | 372617 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and Administrative Expenses | 1840702 |  | 2103458 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Expenses | 321975 |  | 326218 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Provision for Allowance for Loan Losses* | *36164* | | *105597* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Other* | *285811* | | *220620* | |
|  **Ordinary Profits** | ¥1168141 |  | ¥1573159 |  |

---

1-7

------

*Mizuho Financial Group, Inc.* 

---

| | | |
|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the fiscal<br>year ended<br>March 31, 2025** | **For the fiscal<br>year ended<br>March 31, 2026** |
|  **Extraordinary Gains** | ¥58371 | ¥93838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Disposition of Fixed Assets | 36367 | 12062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Cancellation of Employee Retirement Benefit Trust | 12396 | 69762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales of Shares of Affiliates |  | 8849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation (Amortization) of Unrecognized Prior Service Cost | 9015 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Extraordinary Gains | 592 | 3163 |
|  **Extraordinary Losses** | 36428 | 44712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Disposition of Fixed Assets | 12692 | 18601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Impairment of Fixed Assets | 23270 | 24971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Extraordinary Losses | 465 | 1139 |
|  **Profit before Income Taxes** | 1190084 | 1622285 |
|  Income Taxes: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current | 308588 | 453785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refund of Income Taxes | (7062) | (20383) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred | (108) | (65275) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Income Taxes | 301416 | 368127 |
|  **Profit** | 888667 | 1254157 |
|  **Profit Attributable to Non-controlling Interests** | 3234 | 5525 |
|  **Profit Attributable to Owners of Parent** | ¥885433 | ¥1248632 |

---

1-8

------

*Mizuho Financial Group, Inc.* 

**Consolidated Statements of Comprehensive Income** 

---

| | | |
|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the fiscal<br>year ended<br>March 31, 2025** | **For the fiscal<br>year ended<br>March 31, 2026** |
|  Profit | ¥888667 | ¥1254157 |
|  Other Comprehensive Income (Loss) | (270483) | 397052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Gains (Losses) on Other Securities | (61222) | 447926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Gains (Losses) on Hedges | (166963) | (390639) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revaluation Reserve for Land | (1343) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Translation Adjustments | 45598 | 237061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of Defined Benefit Plans | (92478) | 103306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Own Credit Risk Adjustments, Net of Tax | (562) | 89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of Other Comprehensive Income of Associates Accounted for Using Equity Method | 6488 | (692) |
|  Comprehensive Income | 618184 | 1651210 |
| (Breakdown) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive Income Attributable to Owners of Parent | 614332 | 1643527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive Income Attributable to Non-controlling Interests | 3851 | 7683 |

---

1-9

------

*Mizuho Financial Group, Inc.* 

**(3) Consolidated Statements of Changes in Net Assets** 

For the fiscal year ended March 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
| | **Shareholders' Equity** | **Shareholders' Equity** | **Shareholders' Equity** | **Shareholders' Equity** | **Shareholders' Equity** |
| | **Common<br>Stock** | **Capital<br>Surplus** | **Retained<br>Earnings** | **Treasury<br>Stock** | **Total Shareholders'<br>Equity** |
|  Balance as of the beginning of the period | 2256767 | 1129730 | 5538891 | (9402) | 8915987 |
|  Changes during the period |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Dividends |  |  | (304603) |  | (304603) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit Attributable to Owners of Parent |  |  | 885433 |  | 885433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repurchase of Treasury Stock |  |  |  | (102921) | (102921) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposition of Treasury Stock |  | 2 |  | 2861 | 2864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cancellation of Treasury Stock |  | (99999) |  | 99999 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer from Revaluation Reserve for Land |  |  | 26853 |  | 26853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer from Retained Earnings to Capital Surplus |  | 99996 | (99996) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Changes in Items other than Shareholders' Equity |  |  |  |  |  |
|  Total Changes during the period |  | (0) | 507686 | (59) | 507626 |
|  Balance as of the end of the period | 2256767 | 1129730 | 6046578 | (9462) | 9423614 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Stock<br>Acquisition<br>Rights** | **Non-Controlling<br>Interests** | **Total Net<br>Assets** |
| | **Net<br>Unrealized<br>Gains<br>(Losses)<br>on Other<br>Securities** | **Deferred<br>Gains<br>(Losses)**<br>**on Hedges** | **Revaluation<br>Reserve for<br>Land** | **Foreign<br>Currency<br>Translation<br>Adjustments** | **Remeasurements<br>of Defined<br>Benefit Plans** | **Own Credit<br>Risk<br>Adjustments,<br>Net of Tax** | **Total<br>Accumulated<br>Other<br>Comprehensive<br>Income** | **Stock<br>Acquisition<br>Rights** | **Non-Controlling<br>Interests** | **Total Net<br>Assets** |
|  Balance as of the beginning of the period | 929815 | (298280) | 126879 | 344250 | 214337 | (452) | 1316550 | 5 | 79591 | 10312135 |
|  Changes during the period |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Dividends |  |  |  |  |  |  |  |  |  | (304603) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit Attributable to Owners of Parent |  |  |  |  |  |  |  |  |  | 885433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repurchase of Treasury Stock |  |  |  |  |  |  |  |  |  | (102921) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposition of Treasury Stock |  |  |  |  |  |  |  |  |  | 2864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cancellation of Treasury Stock |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer from Revaluation Reserve for Land |  |  |  |  |  |  |  |  |  | 26853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer from Retained Earnings to Capital Surplus |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Changes in Items other than Shareholders' Equity | (62117) | (166924) | (28199) | 54533 | (94683) | (562) | (297954) |  | 1944 | (296009) |
|  Total Changes during the period | (62117) | (166924) | (28199) | 54533 | (94683) | (562) | (297954) |  | 1944 | 211617 |
|  Balance as of the end of the period | 867697 | (465204) | 98680 | 398783 | 119654 | (1014) | 1018596 | 5 | 81536 | 10523753 |

---

1-10

------

*Mizuho Financial Group, Inc.* 

For the fiscal year ended March 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
| | **Shareholders' Equity** | **Shareholders' Equity** | **Shareholders' Equity** | **Shareholders' Equity** | **Shareholders' Equity** |
| | **Common<br>Stock** | **Capital<br>Surplus** | **Retained<br>Earnings** | **Treasury<br>Stock** | **Total**<br>**Shareholders'<br>Equity** |
|  Balance as of the beginning of the period | 2256767 | 1129730 | 6046578 | (9462) | 9423614 |
|  Changes during the period |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Dividends |  |  | (368910) |  | (368910) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit Attributable to Owners of Parent |  |  | 1248632 |  | 1248632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repurchase of Treasury Stock |  |  |  | (404325) | (404325) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposition of Treasury Stock |  | 4 |  | 2258 | 2263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cancellation of Treasury Stock |  | (99999) |  | 99999 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer from Revaluation Reserve for Land |  |  | 4309 |  | 4309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in Retained Earnings by Decreasing of Equity Method Affiliates and Others |  |  | 554 |  | 554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer from Retained Earnings to Capital Surplus |  | 99994 | (99994) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Changes in Items other than Shareholders' Equity |  |  |  |  |  |
|  Total Changes during the period |  |  | 784589 | (302066) | 482523 |
|  Balance as of the end of the period | 2256767 | 1129730 | 6831168 | (311529) | 9906137 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Accumulated Other Comprehensive Income** | **Stock<br>Acquisition<br>Rights** | **Non-Controlling<br>Interests** | **Total Net<br>Assets** |
| | **Net<br>Unrealized<br>Gains<br>(Losses)**<br>**on Other<br>Securities** | **Deferred<br>Gains<br>(Losses) on<br>Hedges** | **Revaluation<br>Reserve for<br>Land** | **Foreign<br>Currency<br>Translation<br>Adjustments** | **Remeasurements<br>of Defined<br>Benefit Plans** | **Own Credit<br>Risk<br>Adjustments,<br>Net of Tax** | **Total<br>Accumulated<br>Other<br>Comprehensive<br>Income** | **Stock<br>Acquisition<br>Rights** | **Non-Controlling<br>Interests** | **Total Net<br>Assets** |
|  Balance as of the beginning of the period | 867697 | (465204) | 98680 | 398783 | 119654 | (1014) | 1018596 | 5 | 81536 | 10523753 |
|  Changes during the period |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Dividends |  |  |  |  |  |  |  |  |  | (368910) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit Attributable to Owners of Parent |  |  |  |  |  |  |  |  |  | 1248632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repurchase of Treasury Stock |  |  |  |  |  |  |  |  |  | (404325) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposition of Treasury Stock |  |  |  |  |  |  |  |  |  | 2263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cancellation of Treasury Stock |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer from Revaluation Reserve for Land |  |  |  |  |  |  |  |  |  | 4309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in Retained Earnings by Decreasing of Equity Method Affiliates and Others |  |  |  |  |  |  |  |  |  | 554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer from Retained Earnings to Capital Surplus |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Changes in Items other than Shareholders' Equity | 446751 | (390015) | (4309) | 232018 | 106050 | 89 | 390585 | 1203 | 5824 | 397614 |
|  Total Changes during the period | 446751 | (390015) | (4309) | 232018 | 106050 | 89 | 390585 | 1203 | 5824 | 880137 |
|  Balance as of the end of the period | 1314449 | (855219) | 94371 | 630802 | 225704 | (925) | 1409182 | 1208 | 87361 | 11403890 |

---

1-11

------

*Mizuho Financial Group, Inc.* 

**(4) Consolidated Statements of Cash Flows** 

---

| | | |
|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the fiscal year<br>ended**<br>**March 31, 2025** | **For the fiscal year<br>ended**<br>**March 31, 2026** |
|  **Cash Flow from Operating Activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit before Income Taxes | ¥1190084 | ¥1622285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 198607 | 231791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Impairment of Fixed Assets | 23270 | 24971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of Goodwill | 7315 | 9507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity in Loss (Gain) from Investments in Affiliates | (46782) | (52266) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Allowance for Loan Losses | (33639) | (128544) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Allowance for Investment Losses | 0 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Reserve for Possible Losses on Sales of Loans | (7379) | 5440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Reserve for Contingencies | 3759 | (7868) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Reserve for Bonus Payments | 39356 | 26492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Reserve for Variable Compensation | (301) | 654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Decrease (Increase) in Net Defined Benefit Asset | (26725) | 188696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Net Defined Benefit Liability | 477 | 4138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Reserve for Director and Corporate Auditor Retirement Benefits | (57) | (80) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Reserve for Reimbursement of Deposits | (3232) | (2209) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Reserve for Reimbursement of Debentures | (5159) | (13115) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Income—accrual basis | (6000202) | (5851595) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Expenses—accrual basis | 4954945 | 4474506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses (Gains) on Securities | 2393 | (161535) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses (Gains) on Money Held in Trust | (739) | (2031) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchange Losses (Gains)—net | 160885 | (930252) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses (Gains) on Disposition of Fixed Assets | (23674) | 6538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses (Gains) on Revision of Retirement Benefit Plan | (9015) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses (Gains) on Cancellation of Employee Retirement Benefit Trust | (12396) | (69762) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Decrease (Increase) in Trading Assets | (897685) | (7351013) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Trading Liabilities | 449391 | 4334858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Decrease (Increase) in Derivatives other than for Trading Assets | (901858) | (2636735) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Derivatives other than for Trading Liabilities | 757438 | 3044316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Decrease (Increase) in Loans and Bills Discounted | (1525099) | (2940996) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Deposits | (975924) | 4667281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Negotiable Certificates of Deposit | 2903305 | (3513290) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Borrowed Money (excluding Subordinated Borrowed Money) | (1446750) | 1105527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Decrease (Increase) in Due from Banks (excluding Due from Central Banks) | 15123 | (2522) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Decrease (Increase) in Call Loans, etc. | (6833612) | (1625825) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Decrease (Increase) in Guarantee Deposits Paid under Securities Borrowing Transactions | 278464 | 307060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Call Money, etc. | 1735093 | (1351228) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Commercial Paper | 986546 | (365043) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Guarantee Deposits Received under Securities Lending Transactions | 297966 | 364080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Decrease (Increase) in Foreign Exchanges (Assets) | 2059 | (389154) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Foreign Exchanges (Liabilities) | (59192) | 246286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Short-term Bonds (Liabilities) | 158381 | (199577) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Bonds and Notes | 795718 | 2129257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Due to Trust Accounts | (32930) | (263238) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest and Dividend Income—cash basis | 5907980 | 5714521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Expenses—cash basis | (5043512) | (4373578) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other—net | (679389) | (797853) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal | (3696692) | (4521113) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Refunded (Paid) in Income Taxes | (124107) | (317420) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net Cash Provided by (Used in) Operating Activities** | (3820800) | (4838533) |

---

1-12

------

*Mizuho Financial Group, Inc.* 

---

| | | |
|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **For the fiscal year<br>ended**<br>**March 31, 2025** | **For the fiscal year<br>ended**<br>**March 31, 2026** |
|  **Cash Flow from Investing Activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments for Purchase of Securities | (60070019) | (57996992) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Sale of Securities | 43264042 | 43523266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Redemption of Securities | 20901192 | 8157021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments for Increase in Money Held in Trust | (55845) | (58722) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Decrease in Money Held in Trust | 6826 | 68595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments for Purchase of Tangible Fixed Assets | (94936) | (96688) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments for Purchase of Intangible Fixed Assets | (250009) | (222263) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Sale of Tangible Fixed Assets | 88745 | 22405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Sale of Intangible Fixed Assets | 125 | 213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments for Purchase of Stocks of Subsidiaries (affecting the scope of consolidation) |  | (54240) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments from Sale of Stocks of Subsidiaries (affecting the scope of consolidation) |  | (16607) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Sale of Stocks of Subsidiaries (affecting the scope of consolidation) | 2970 | 5636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net Cash Provided by (Used in) Investing Activities** | 3793092 | (6668376) |
|  **Cash Flow from Financing Activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Subordinated Borrowed Money | 10000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repayments of Subordinated Borrowed Money |  | (45000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Issuance of Subordinated Bonds | 514500 | 724000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments for Redemption of Subordinated Bonds | (417000) | (429147) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Investments by Non-controlling Shareholders | 1446 | 1571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Dividends Paid | (304425) | (368703) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Dividends Paid to Non-controlling Shareholders | (3494) | (3812) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments for Repurchase of Treasury Stock | (102921) | (404325) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Sale of Treasury Stock | 2864 | 2263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net Cash Provided by (Used in) Financing Activities** | (299030) | (523153) |
|  **Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents** | (115716) | 984282 |
|  **Net Increase (Decrease) in Cash and Cash Equivalents** | (442454) | (11045780) |
|  **Cash and Cash Equivalents at the beginning of the fiscal year** | 71165815 | 70723361 |
|  **Cash and Cash Equivalents at the end of the fiscal year** | ¥70723361 | ¥59677580 |

---

1-13

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*Mizuho Financial Group, Inc.* 

**(5) Notes regarding Consolidated Financial Statements** 

**(Matters Related to the Assumption of Going Concern)** 

There is no applicable information.

**(Business Segments Information)** 

1. Summary of reportable segments

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 (RBC), the Corporate & Investment Banking Company (CIBC), the Global Corporate & Investment Banking Company (GCIBC), the Global Markets Company (GMC), and the Asset Management Company (AMC).

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

RBC:

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

CIBC:

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

GCIBC:

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

GMC:

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

AMC:

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 segments 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. Calculating method of Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others, Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others, and Fixed Assets by reportable segment

The following information of reportable segment is based on internal management reporting.

Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others is the total amount of Interest Income, Trust Fees, Fee and Commission Income, Trading Income, Other Operating Income, and Net Gains (Losses) related to ETFs and others.

Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others is the amount of which General and Administrative Expenses (excluding Non-Recurring Losses and others), Equity in Income from Investments in Affiliates, and Amortization of Goodwill and others (including Amortization of Intangible Assets) are deducted from, or added to, Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others.

Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others relating to transactions between segments is based on the current market price.

Fixed Assets disclosed as asset information by segment are the total amount of Tangible Fixed Assets and Intangible Fixed Assets. Fixed Assets pertaining to Mizuho Bank, Ltd., Mizuho Trust & Banking Co., Ltd., and Mizuho Securities Co., Ltd. have been allocated to each segment.

1-14

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*Mizuho Financial Group, Inc.* 

3. Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others, Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others, and Fixed Assets by reportable segment

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(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)** | |
|  | **RBC** | **CIBC** | **GCIBC** | **GMC** | **AMC** | **Others<br>(Note 2)** | |
|  Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others | 984610 | 739268 | 856952 | 664856 | 73572 | 196415 | 3515673 |
|  General and Administrative Expenses (excluding Non-Recurring Losses and others) | 756663 | 250574 | 510695 | 404901 | 46274 | 122599 | 2091706 |
|  Equity in Income from Investments in Affiliates | 11712 | 11920 | 26817 |  | (1895) | 3712 | 52266 |
|  Amortization of Goodwill and others | 2144 | 824 | 5339 |  | 5725 | 1051 | 15083 |
|  Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others | 237515 | 499790 | 367735 | 259955 | 19678 | 76476 | 1461149 |
|  Fixed Assets | 648906 | 173847 | 235306 | 102403 |  | 859142 | 2019604 |

---

---

| | |
|:---|:---|
|  Notes: 1. | Gross Profits (excluding the amounts of credit costs of trust accounts) +Net Gains (Losses) related to ETFs and others is reported instead of sales reported by general corporations. Net Gains (Losses) related to ETFs and others amounted to ¥ 38,373 million, of which ¥ 30,852 million is included in the GMC. |
| 2. | "Others" includes items which should be eliminated as internal transactions between each segment on a consolidated basis. |
| 3. | "Others" in Fixed Assets includes assets of headquarters that have not been allocated to each segment, Fixed Assets pertaining to consolidated subsidiaries that are not subject to allocation, consolidated adjustments, and others. |
|  | Among Fixed Assets that have not been allocated to each segment, some related expenses are allocated to each segment using a reasonable criteria of allocation. |
| 4. | Income and expenses of foreign branches of MHBK and foreign subsidiaries with functional currencies other than Japanese Yen have been translated for purposes of segment reporting using the budgeted foreign currency rates. |

---

1-15

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*Mizuho Financial Group, Inc.* 

4. The difference between the total amounts of reportable segments and the recorded amounts in the Consolidated Statement of Income, and the contents of the difference (Matters relating to adjustment to difference)

The above amount of Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others and that of Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others derived from internal management reporting by reportable segment are different from the amounts recorded in the Consolidated Statement of Income.

The differences for the period are as follows:

(1) The total of Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses)
related to ETFs and others of Segment Information and Ordinary Profits recorded in the Consolidated Statement of Income

---

| | |
|:---|:---|
|  | ***(Millions of yen)*** |
|  | **Amount** |
| Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others | 3515673 |
|  Net Gains (Losses) related to ETFs and others | (38373) |
|  Other Ordinary Income | 525536 |
|  General and Administrative Expenses | (2103458) |
|  Other Ordinary Expenses | (326218) |
|  Ordinary Profits recorded in Consolidated Statement of Income | 1573159 |

---

(2) The total of Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of
(provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others of Segment Information and Profit before Income Taxes recorded in the Consolidated Statement of Income

---

| | |
|:---|:---|
|  | ***(Millions of yen)*** |
|  | **Amount** |
|  Net Business Profits<br> (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others | 1461149 |
|  General and Administrative Expenses (Non-Recurring Losses) | 3331 |
|  Expenses related to Portfolio Problems (including reversal of (provision for) general allowance for loan losses) | (142198) |
|  Gains on Reversal of Allowance for Loan Losses, and others | 9126 |
|  Net Gains (Losses) related to Stocks—Net Gains (Losses) related to ETFs and others | 286802 |
|  Net Extraordinary Gains (Losses) | 49125 |
|  Others | (45051) |
|  Profit before Income Taxes recorded in Consolidated Statement of Income | 1622285 |

---

1-16

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*Mizuho Financial Group, Inc.* 

**(Per Share Information)** 

(Consolidated basis)

---

| | | |
|:---|:---|:---|
|  | **Fiscal 2024** | **Fiscal 2025** |
|  Net Assets per Share of Common Stock | ¥4161.03 | ¥4640.23 |
|  Earnings per Share of Common Stock | ¥350.20 | ¥502.92 |
|  Diluted Earnings per Share of Common Stock | ¥350.20 | ¥502.92 |

---

---

| | |
|:---|:---|
| Notes: 1. | Total Net Assets per Share of Common Stock is based on the following information:  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Fiscal 2024** | **Fiscal 2024** | **Fiscal 2025** | **Fiscal 2025** |  |
|  Net Assets per Share of Common Stock | Net Assets per Share of Common Stock |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Net Assets | ¥million |  | 10523753 |  | 11403890 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deductions from Total Net Assets | ¥million |  | 81541 |  | 88570 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Stock Acquisition Rights* | ¥million | | *5* | | *1208* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Non-Controlling Interests* | ¥million | | *81536* | | *87361* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Assets (year-end) related to Common Stock | ¥million |  | 10442211 |  | 11315320 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Year-end Outstanding Shares of Common Stock, based on which Total Net Assets per Share of Common Stock was calculated | Thousands<br>of shares |  | 2509524 |  | 2438523 |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Earnings per Share of Common Stock and Diluted Earnings per Share of Common Stock are based on the following
information:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Fiscal 2024** | **Fiscal 2024** | **Fiscal 2025** | **Fiscal 2025** |  |
|  Earnings per Share of Common Stock | Earnings per Share of Common Stock |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit Attributable to Owners of Parent | ¥million |  | 885433 |  | 1248632 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount not attributable to Common Stock | ¥million |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit Attributable to Owners of Parent related to Common Stock | ¥million |  | 885433 |  | 1248632 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Average Outstanding Shares of Common Stock (during the period) | Thousands<br>of shares |  | 2528302 |  | 2482716 |  |
|  Diluted Earnings per Share of Common Stock | Diluted Earnings per Share of Common Stock |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustment to Profit Attributable to Owners of Parent | ¥million |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increased Number of Shares of Common Stock | Thousands<br>of shares |  | 2 |  | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Stock Acquisition Rights* | Thousands<br>of shares | | *2* | | *2* | |
|  Description of dilutive securities which were not included in the calculation of Diluted Earnings per Share of Common Stock as they have no dilutive effects |  |  |  |  |  |  |

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1-17

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*Mizuho Financial Group, Inc.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. In the calculation of Net Assets 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 from the number of issued shares as of March 31, 2025 and 2026. The numbers of such Treasury Stock shares deducted during the period ended
March 31, 2025 and 2026 are 2,376 thousand and 2,166 thousand, respectively.

In the calculation of Earnings per Share of Common Stock and Diluted Earnings per Share of Common Stock, such Treasury Stock shares are included in Treasury Stock shares deducted in the calculation of the Average Outstanding Shares of Common Stock during the period. The average numbers of such Treasury Stock shares deducted during the period ended March 31, 2025 and 2026 are 2,498 thousand and 2,211 thousand, respectively. <br>

**(Subsequent Events)** 

1. Cancellation of Own Shares

On April 22, 2026, the Company has completed the cancellation of its own shares, pursuant to Article 178 of the Companies Act, that was resolved by the Board of Directors held on November 14, 2025 and February 2, 2026.

(1) Reason for cancellation of Own Shares

The Company has completed the cancellation of its own shares in order to improve capital efficiency.

(2) Type of shares cancelled: Common stock

(3) Number of shares cancelled: 47,016,600 shares (Equivalent to 1.9% of the number of shares issued before
cancellation)

(4) Cancellation date: April 22, 2026

2. Repurchase and cancellation of Own Shares

MHFG resolved at the meeting of its Board of Directors held on May 15, 2026 to repurchase its common stock pursuant to the provisions of Article 156, Paragraph 1 of the Companies Act and in accordance with the provisions of Article 459, Paragraph 1 of the Companies Act and Article 47 of its Articles of Incorporation, and cancel the repurchased common stock pursuant to Article 178 of the Companies Act.

(1) Reason for the Repurchase and cancellation of Common Stock

MHFG maintains a capital policy pursuing the optimal balance between capital adequacy, growth investment and enhancement of shareholder returns. Based on this initiative, MHFG set forth its shareholder return policy keeping progressive increase of dividends per share, while executing flexible and intermittent share buybacks. In accordance with this policy, we decided share buybacks, based on our business results, capital adequacy, our stock price and the opportunities for growth investment, using the total payout ratio of 50% or more as a guide.

(2) Outline of Repurchase

---

| | | |
|:---|:---|:---|
| i. | Stock to be repurchased: | MHFG common stock |
| ii. | Aggregate shares to be repurchased: | Up to a maximum of 25,000,000 shares |
|  |  | (1.0% of the number of issued shares excluding treasury stock as of March 31, 2026) |
| iii. | Aggregate amount of repurchase price: | Up to a maximum of ¥100,000,000,000 |
| iv. | Repurchase period: | From May 18, 2026 to August 31, 2026 |
| v. | Repurchase method: | Market purchase utilizing trust method |

---

(3) Outline of Cancellation

---

| | | |
|:---|:---|:---|
| i. | Type of stock to be cancelled: | MHFG common stock |
| ii. | Number of shares to be cancelled: | All of the common stock repurchased as stated in item 2 above |
| iii. | Scheduled cancellation date: | September 24, 2026 |

---

1-18

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**SELECTED FINANCIAL INFORMATION** 

**For Fiscal 2025** 

**(Under Japanese GAAP)**![LOGO](g146326dsp024.jpg)

------

**CONTENTS** 

**Notes:** 

**"CON":** Consolidated figures for Mizuho Financial Group, Inc. ("MHFG")

**"NON":** Non-consolidated figures for Mizuho Financial Group, Inc., Mizuho Bank, Ltd. ("MHBK") and Mizuho Trust & Banking Co., Ltd. ("MHTB")

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **I. FINANCIAL DATA FOR FISCAL 2025** | ***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. Interest Margins (Domestic Operations) | | *NON* | |  |  | 2-5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Use and Source of Funds | | *NON* | |  |  | 2-6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Net Gains/Losses on Securities | | *CON* | | *NON* | | 2-8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Unrealized Gains/Losses on Securities | | *CON* | | *NON* | | 2-10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Projected Redemption Amounts for Securities | | *NON* | |  |  | 2-12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Employee Retirement Benefits | | *NON* | | *CON* | | 2-13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Capital Ratio | | *CON* | | *NON* | | 2-16 |
| **II. REVIEW OF CREDITS** | ***See above Notes*** | ***See above Notes*** | ***See above Notes*** | ***See above Notes*** |  | ***Page*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Status of Non Performing Loans based on the Banking Act ("BA") and the Financial Reconstruction Act ("FRA") | | *CON* | | *NON* | | 2-17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Status of Allowances for Loan Losses | | *CON* | | *NON* | | 2-21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Allowance Coverage Ratios for Non Performing Loans based on the BA and the FRA | | *CON* | | *NON* | | 2-22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Coverage on Non Performing Loans based on the BA and the FRA | | *NON* | |  |  | 2-23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Overview of Non-Performing Loans("NPLs") | | *NON* | |  |  | 2-26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Results of Removal of NPLs from the Balance Sheet | | *NON* | |  |  | 2-27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Status of Loans by Industry |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Outstanding Balances by Industry | | *NON* | |  |  | 2-28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Non Performing Loans based on the BA and the FRA and Coverage Ratio by Industry | | *NON* | |  |  | 2-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Housing and Consumer Loans & Loans to Small and Medium-Sized Enterprises ("SMEs") and Individual Customers |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Balance of Housing and Consumer Loans | | *NON* | |  |  | 2-31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Loans to SMEs and Individual Customers | | *NON* | |  |  | 2-31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Status of Loans by Region |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Outstanding Balances by Region | | *NON* | |  |  | 2-32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Non Performing Loans based on the BA and the FRA by Region | | *NON* | |  |  | 2-33 |
| **III. OTHERS** | ***See above Notes*** | ***See above Notes*** | ***See above Notes*** | ***See above Notes*** |  | ***Page*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Estimation for Calculating Deferred Tax Assets | | *NON* | |  |  | 2-34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Breakdown of Deposits (Domestic Offices) | | *NON* | |  |  | 2-36 |

---

------

---

| | |
|:---|:---|
| **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) | 2-37 |
| &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) | 2-38 |

---

*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; 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 medium-term 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; changes to applicable laws and regulations; and the effects of climate change.* 

*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 29, 2025, 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.* 

*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.*

**I. FINANCIAL DATA FOR FISCAL 2025** 

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

**Consolidated** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** | **Fiscal 2024** |
|  | | | | **Change** | **Change** | | |
|  Consolidated Gross Profits | 1 |  | **3477299** |  | 556897 |  | 2920402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Income | 2 |  | **1377089** |  | 331832 |  | 1045256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trust Fees | 3 |  | **67001** |  | 4712 |  | 62288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Credit Costs of Trust Accounts* | 4 |  | **—** |  | **—** |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Fee and Commission Income | 5 |  | **1080418** |  | 173625 |  | 906793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Trading Income | 6 |  | **894910** |  | (152549) |  | 1047459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Other Operating Income | 7 |  | **57880** |  | 199276 |  | (141395) |
|  General and Administrative Expenses | 8 |  | **(2103458)** |  | (262756) |  | (1840702) |
|  Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) | 9 |  | **(142198)** |  | (80025) |  | (62173) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Losses on Write-offs of Loans* | 10 | **** | ***(24912*** ***)*** | | *(13393)* | | *(11519)* |
|  Gains on Reversal of Allowance for Loan Losses, and others | 11 |  | **9126** |  | (1443) |  | 10569 |
|  Net Gains (Losses) related to Stocks | 12 |  | **325176** |  | 183948 |  | 141227 |
|  Equity in Income from Investments in Affiliates | 13 |  | **52266** |  | 5484 |  | 46782 |
|  Other | 14 |  | **(45051)** |  | 2913 |  | (47965) |
|  Ordinary Profits | 15 |  | **1573159** |  | 405018 |  | 1168141 |
|  Net Extraordinary Gains (Losses) | 16 |  | **49125** |  | 27182 |  | 21943 |
|  Profit before Income Taxes | 17 |  | **1622285** |  | 432200 |  | 1190084 |
|  Income Taxes - Current | 18 |  | **(433402)** |  | (131877) |  | (301525) |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - Deferred | 19 |  | **65275** |  | 65166 |  | 108 |
|  Profit | 20 |  | **1254157** |  | 365490 |  | 888667 |
|  Profit Attributable to Non-controlling Interests | 21 |  | **(5525)** |  | (2291) |  | (3234) |
|  Profit Attributable to Owners of Parent | 22 |  | **1248632** |  | 363198 |  | 885433 |
|  Credit-related Costs (including Credit Costs for Trust Accounts) | 23 |  | **(133072)** |  | (81468) |  | (51603) |
|  <br> \* Credit-related Costs [23] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) [9]<br>+ Gains on Reversal of Allowance for Loan Losses, and others [11] + Credit Costs for Trust Accounts [4] | <br> \* Credit-related Costs [23] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) [9]<br>+ Gains on Reversal of Allowance for Loan Losses, and others [11] + Credit Costs for Trust Accounts [4] | <br> \* Credit-related Costs [23] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) [9]<br>+ Gains on Reversal of Allowance for Loan Losses, and others [11] + Credit Costs for Trust Accounts [4] | <br> \* Credit-related Costs [23] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) [9]<br>+ Gains on Reversal of Allowance for Loan Losses, and others [11] + Credit Costs for Trust Accounts [4] | <br> \* Credit-related Costs [23] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) [9]<br>+ Gains on Reversal of Allowance for Loan Losses, and others [11] + Credit Costs for Trust Accounts [4] | <br> \* Credit-related Costs [23] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) [9]<br>+ Gains on Reversal of Allowance for Loan Losses, and others [11] + Credit Costs for Trust Accounts [4] | <br> \* Credit-related Costs [23] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) [9]<br>+ Gains on Reversal of Allowance for Loan Losses, and others [11] + Credit Costs for Trust Accounts [4] | <br> \* Credit-related Costs [23] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) [9]<br>+ Gains on Reversal of Allowance for Loan Losses, and others [11] + Credit Costs for Trust Accounts [4] |
| (Reference) | (Reference) | (Reference) | (Reference) | (Reference) | (Reference) | (Reference) | (Reference) |
|  Consolidated Net Business Profits | 24 |  | **1422775** |  | 323802 |  | 1098973 |
|  <br> \* Consolidated Net Business Profits [24] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses)<br>+ Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> \* Consolidated Net Business Profits [24] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses)<br>+ Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> \* Consolidated Net Business Profits [24] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses)<br>+ Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> \* Consolidated Net Business Profits [24] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses)<br>+ Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> \* Consolidated Net Business Profits [24] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses)<br>+ Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> \* Consolidated Net Business Profits [24] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses)<br>+ Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> \* Consolidated Net Business Profits [24] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses)<br>+ Equity in Income from Investments in Affiliates and certain other consolidation adjustments | <br> \* Consolidated Net Business Profits [24] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses)<br>+ Equity in Income from Investments in Affiliates and certain other consolidation adjustments |
|  Number of consolidated subsidiaries | 25 |  | **263** |  | 28 |  | 235 |
|  Number of affiliates under the equity method | 26 |  | **25** |  | (2) |  | 27 |

---

2-1

------

*Mizuho Financial Group, Inc.*

**Aggregate Figures for the 2 Banks** 

**Non-Consolidated** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** | **Fiscal 2024** |
|  | | **MHBK** | **MHBK** | **MHTB** | **MHTB** | **Aggregate**<br>**Figures** | **Aggregate**<br>**Figures** | **Change** | **Change** | | |
|  Gross Profits | 1 |  | **1883395** |  | **194066** |  | **2077461** |  | 379629 |  | 1697832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domestic Gross Profits | 2 |  | **1270334** |  | **192454** |  | **1462789** |  | 320366 |  | 1142422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Income | 3 |  | **841917** |  | **65008** |  | **906926** |  | 219850 |  | 687075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trust Fees | 4 |  |  |  | **67999** |  | **67999** |  | 5308 |  | 62691 |
| &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 Fees for Jointly Operated Designated Money Trust | 5 |  |  |  | **3206** |  | **3206** |  | (459) |  | 3665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Costs of Trust Accounts <sup>(1)</sup> | 6 |  |  |  | **—** |  | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Fee and Commission Income | 7 |  | **317479** |  | **58738** |  | **376218** |  | 61396 |  | 314821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Trading Income | 8 |  | **93236** |  |  |  | **93236** |  | 38187 |  | 55049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Other Operating Income | 9 |  | **17700** |  | **707** |  | **18408** |  | (4377) |  | 22785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; International Gross Profits | 10 |  | **613060** |  | **1612** |  | **614672** |  | 59263 |  | 555409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Income | 11 |  | **511136** |  | **1587** |  | **512724** |  | 96762 |  | 415961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Fee and Commission Income | 12 |  | **125558** |  | **(68)** |  | **125490** |  | (5879) |  | 131370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Trading Income | 13 |  | **93743** |  |  |  | **93743** |  | (120525) |  | 214269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Other Operating Income | 14 |  | **(117379)** |  | **93** |  | **(117286)** |  | 88906 |  | (206192) |
|  General and Administrative Expenses (excluding Non-Recurring Losses) | 15 |  | **(1006583)** |  | **(86021)** |  | **(1092604)** |  | (94560) |  | (998044) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Expense Ratio* | 16 | **** | ***53.4*** *%*** | **** | ***44.3*** *%*** | **** | ***52.5*** *%*** | | *(6.1)%* | | *58.7 %* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personnel Expenses | 17 |  | **(354005)** |  | **(46280)** |  | **(400285)** |  | (15519) |  | (384766) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Personnel Expenses | 18 |  | **(590760)** |  | **(34962)** |  | **(625722)** |  | (73535) |  | (552186) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premium for Deposit Insurance | 19 |  | **(18349)** |  | **(452)** |  | **(18802)** |  | (1076) |  | (17726) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Taxes | 20 |  | **(61817)** |  | **(4778)** |  | **(66596)** |  | (5505) |  | (61091) |
|  Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) | 21 |  | **876811** |  | **108045** |  | **984857** |  | 285069 |  | 699788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas <sup>(2)</sup> | 22 |  | **1048949** |  | **107592** |  | **1156541** |  | 312837 |  | 843704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Excluding Net Gains (Losses) from redemption of Investment Trusts | 23 |  | **1017263** |  | **107574** |  | **1124837** |  | 293941 |  | 830896 |
|  Reversal of (Provision for) General Allowance for Loan Losses | 24 |  | **(61656)** |  | **—** |  | **(61656)** |  | (54578) |  | (7078) |
|  Net Business Profits | 25 |  | **815155** |  | **108045** |  | **923201** |  | 230490 |  | 692710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gains (Losses) related to Bonds | 26 |  | **(172137)** |  | **453** |  | **(171684)** |  | (27767) |  | (143916) |
|  Net Non-Recurring Gains (Losses) | 27 |  | **183972** |  | **31271** |  | **215243** |  | 105040 |  | 110203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gains (Losses) related to Stocks | 28 |  | **280524** |  | **27986** |  | **308510** |  | 176776 |  | 131734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expenses related to Portfolio Problems | 29 |  | **(81996)** |  | **(46)** |  | **(82042)** |  | (30214) |  | (51828) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Reversal of Allowance for Loan Losses, and others | 30 |  | **7317** |  | **810** |  | **8127** |  | (2180) |  | 10308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 31 |  | **(21872)** |  | **2520** |  | **(19351)** |  | (39341) |  | 19989 |
|  Ordinary Profits | 32 |  | **999127** |  | **139317** |  | **1138444** |  | 335530 |  | 802913 |
|  Net Extraordinary Gains (Losses) | 33 |  | **53796** |  | **22989** |  | **76785** |  | 59934 |  | 16851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gains (Losses) on Disposition of Fixed Assets | 34 |  | **(2525)** |  | **622** |  | **(1903)** |  | (26303) |  | 24399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Impairment of Fixed Assets | 35 |  | **(6274)** |  | **(435)** |  | **(6710)** |  | 15780 |  | (22491) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Cancellation of Employee Retirement Benefit Trust | 36 |  | **61850** |  | **7911** |  | **69762** |  | 57366 |  | 12396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation (Amortization) of Unrecognized Prior Service Cost | 37 |  | **—** |  | **—** |  | **—** |  | (7310) |  | 7310 |
|  Profit before Income Taxes | 38 |  | **1052924** |  | **162306** |  | **1215230** |  | 395465 |  | 819765 |
|  Income Taxes - Current | 39 |  | **(279169)** |  | **(41046)** |  | **(320215)** |  | (85295) |  | (234920) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - Deferred | 40 |  | **48663** |  | **2189** |  | **50853** |  | 16397 |  | 34456 |
|  Profit | 41 |  | **822419** |  | **123449** |  | **945868** |  | 326567 |  | 619301 |
|  <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] | <br>(1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of "Credit Costs of Trust Accounts" [6].<br> (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[22]<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[21]-Net Gains (Losses) related to Bonds[26] |
|  Credit-related Costs | 42 |  | **(136335)** |  | **764** |  | **(135571)** |  | (86972) |  | (48598) |
|  <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] | <br> Credit-related Costs [42] = Expenses related to Portfolio Problems [29] + Reversal of (Provision for) General Allowance for Loan Losses [24] + Gains on Reversal of Allowance for Loan Losses, and others [30] + Credit Costs of Trust Accounts [6] |
| (Reference) Breakdown of Credit-related Costs |  |  |  |  |  |  |  |  |  |  |  |
|  Credit Costs of Trust Accounts | 43 |  |  |  | **—** |  | **—** |  |  |  |  |
|  Reversal of (Provision for) General Allowance for Loan Losses | 44 |  | **(61656)** |  | **58** |  | **(61597)** |  | (54519) |  | (7078) |
|  Losses on Write-offs of Loans | 45 |  | **(18159)** |  | **(36)** |  | **(18195)** |  | (18788) |  | 593 |
|  Reversal of (Provision for) Specific Allowance for Loan Losses | 46 |  | **(78244)** |  | **741** |  | **(77502)** |  | (42562) |  | (34939) |
|  Reversal of (Provision for) Allowance for Loan Losses to Restructuring Countries | 47 |  | **24746** |  | **—** |  | **24746** |  | 15225 |  | 9520 |
|  Reversal of (Provision for) Reserve for Contingencies | 48 |  | **2009** |  | **—** |  | **2009** |  | 6506 |  | (4496) |
|  Other (including Losses on Sales of Loans) | 49 |  | **(5031)** |  | **—** |  | **(5031)** |  | 7165 |  | (12196) |
| &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 | 50 |  | **(136335)** |  | **764** |  | **(135571)** |  | (86972) |  | (48598) |

---

2-2

------

*Mizuho Financial Group, Inc.*

**Mizuho Bank** 

**Non-Consolidated** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  |  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** | **Fiscal 2024** |
|  |  | | | **Change** | **Change** | | |
|  Gross Profits | 1 |  | **1883395** |  | 321732 |  | 1561662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domestic Gross Profits | 2 |  | **1270334** |  | 264080 |  | 1006254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Income | 3 |  | **841917** |  | 188973 |  | 652944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Fee and Commission Income | 4 |  | **317479** |  | 41338 |  | 276141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Trading Income | 5 |  | **93236** |  | 38187 |  | 55049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Other Operating Income | 6 |  | **17700** |  | (4418) |  | 22119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; International Gross Profits | 7 |  | **613060** |  | 57651 |  | 555408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Income | 8 |  | **511136** |  | 95252 |  | 415884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Fee and Commission Income | 9 |  | **125558** |  | (5894) |  | 131453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Trading Income | 10 |  | **93743** |  | (120525) |  | 214269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Other Operating Income | 11 |  | **(117379)** |  | 88819 |  | (206198) |
|  General and Administrative Expenses (excluding Non-Recurring Losses) | 12 |  | **(1006583)** |  | (97995) |  | (908587) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Expense Ratio* | 13 | **** | ***53.4*** *%*** | | *(4.7)%* | | *58.1 %* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personnel Expenses | 14 |  | **(354005)** |  | (14246) |  | (339759) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Personnel Expenses | 15 |  | **(590760)** |  | (78673) |  | (512086) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premium for Deposit Insurance | 16 |  | **(18349)** |  | (1137) |  | (17211) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Taxes | 17 |  | **(61817)** |  | (5075) |  | (56741) |
|  Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) | 18 |  | **876811** |  | 223736 |  | 653075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas \* | 19 |  | **1048949** |  | 251959 |  | 796989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Excluding Net Gains (Losses) from redemption of Investment Trusts | 20 |  | **1017263** |  | 233082 |  | 784181 |
|  Reversal of (Provision for) General Allowance for Loan Losses | 21 |  | **(61656)** |  | (57147) |  | (4508) |
|  Net Business Profits | 22 |  | **815155** |  | 166589 |  | 648566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gains (Losses) related to Bonds | 23 |  | **(172137)** |  | (28223) |  | (143914) |
|  Net Non-Recurring Gains (Losses) | 24 |  | **183972** |  | 96451 |  | 87520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gains (Losses) related to Stocks | 25 |  | **280524** |  | 163760 |  | 116763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expenses related to Portfolio Problems | 26 |  | **(81996)** |  | (29347) |  | (52649) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Reversal of Allowance for Loan Losses, and others | 27 |  | **7317** |  | (2940) |  | 10257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 28 |  | **(21872)** |  | (35021) |  | 13149 |
|  Ordinary Profits | 29 |  | **999127** |  | 263040 |  | 736087 |
|  Net Extraordinary Gains (Losses) | 30 |  | **53796** |  | 31318 |  | 22478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gains (Losses) on Disposition of Fixed Assets | 31 |  | **(2525)** |  | (27093) |  | 24567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Impairment of Fixed Assets | 32 |  | **(6274)** |  | 4139 |  | (10413) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Cancellation of Employee Retirement Benefit Trust | 33 |  | **61850** |  | 55130 |  | 6720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation (Amortization) of Unrecognized Prior Service Cost | 34 |  | **—** |  | (6368) |  | 6368 |
|  Profit before Income Taxes | 35 |  | **1052924** |  | 294358 |  | 758565 |
|  Income Taxes - Current | 36 |  | **(279169)** |  | (67815) |  | (211354) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - Deferred | 37 |  | **48663** |  | 22381 |  | 26282 |
|  Profit | 38 |  | **822419** |  | 248925 |  | 573494 |
|  <br> \* Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[19]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[18]-Net Gains (Losses) related to Bonds[23] | <br> \* Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[19]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[18]-Net Gains (Losses) related to Bonds[23] | <br> \* Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[19]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[18]-Net Gains (Losses) related to Bonds[23] | <br> \* Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[19]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[18]-Net Gains (Losses) related to Bonds[23] | <br> \* Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[19]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[18]-Net Gains (Losses) related to Bonds[23] | <br> \* Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[19]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[18]-Net Gains (Losses) related to Bonds[23] | <br> \* Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[19]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[18]-Net Gains (Losses) related to Bonds[23] | <br> \* Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[19]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[18]-Net Gains (Losses) related to Bonds[23] |
|  Credit-related Costs | 39 |  | **(136335)** |  | (89435) |  | (46900) |
|  <br> Credit-related Costs [39] = Expenses related to Portfolio Problems [26] + Reversal of (Provision for) General Allowance for Loan Losses [21]<br> + Gains on Reversal of Allowance for Loan Losses, and others [27] | <br> Credit-related Costs [39] = Expenses related to Portfolio Problems [26] + Reversal of (Provision for) General Allowance for Loan Losses [21]<br> + Gains on Reversal of Allowance for Loan Losses, and others [27] | <br> Credit-related Costs [39] = Expenses related to Portfolio Problems [26] + Reversal of (Provision for) General Allowance for Loan Losses [21]<br> + Gains on Reversal of Allowance for Loan Losses, and others [27] | <br> Credit-related Costs [39] = Expenses related to Portfolio Problems [26] + Reversal of (Provision for) General Allowance for Loan Losses [21]<br> + Gains on Reversal of Allowance for Loan Losses, and others [27] | <br> Credit-related Costs [39] = Expenses related to Portfolio Problems [26] + Reversal of (Provision for) General Allowance for Loan Losses [21]<br> + Gains on Reversal of Allowance for Loan Losses, and others [27] | <br> Credit-related Costs [39] = Expenses related to Portfolio Problems [26] + Reversal of (Provision for) General Allowance for Loan Losses [21]<br> + Gains on Reversal of Allowance for Loan Losses, and others [27] | <br> Credit-related Costs [39] = Expenses related to Portfolio Problems [26] + Reversal of (Provision for) General Allowance for Loan Losses [21]<br> + Gains on Reversal of Allowance for Loan Losses, and others [27] | <br> Credit-related Costs [39] = Expenses related to Portfolio Problems [26] + Reversal of (Provision for) General Allowance for Loan Losses [21]<br> + Gains on Reversal of Allowance for Loan Losses, and others [27] |
| (Reference) Breakdown of Credit-related Costs |  |  |  |  |  |  |  |
|  Reversal of (Provision for) General Allowance for Loan Losses | 40 |  | **(61656)** |  | (57147) |  | (4508) |
|  Losses on Write-offs of Loans | 41 |  | **(18159)** |  | (18752) |  | 593 |
|  Reversal of (Provision for) Specific Allowance for Loan Losses | 42 |  | **(78244)** |  | (42483) |  | (35760) |
|  Reversal of (Provision for) Allowance for Loan Losses to Restructuring Countries | 43 |  | **24746** |  | 15225 |  | 9520 |
|  Reversal of (Provision for) Reserve for Contingencies | 44 |  | **2009** |  | 6556 |  | (4547) |
|  Other (including Losses on Sales of Loans) | 45 |  | **(5031)** |  | 7165 |  | (12196) |
| &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 | 46 |  | **(136335)** |  | (89435) |  | (46900) |

---

2-3

------

*Mizuho Financial Group, Inc.*

**Mizuho Trust & Banking** 

**Non-Consolidated** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  |  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** | **Fiscal 2024** |
|  |  | | | **Change** | **Change** | | |
|  Gross Profits | 1 |  | **194066** |  | 57896 |  | 136169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domestic Gross Profits | 2 |  | **192454** |  | 56285 |  | 136168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Income | 3 |  | **65008** |  | 30877 |  | 34130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trust Fees | 4 |  | **67999** |  | 5308 |  | 62691 |
| &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 Fees for Jointly Operated Designated Money Trust | 5 |  | **3206** |  | (459) |  | 3665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Costs of Trust Accounts <sup>(1)</sup> | 6 |  | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Fee and Commission Income | 7 |  | **58738** |  | 20058 |  | 38680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Other Operating Income | 8 |  | **707** |  | 41 |  | 666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; International Gross Profits | 9 |  | **1612** |  | 1611 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Income | 10 |  | **1587** |  | 1509 |  | 77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Fee and Commission Income | 11 |  | **(68)** |  | 14 |  | (82) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Other Operating Income | 12 |  | **93** |  | 86 |  | 6 |
|  General and Administrative Expenses (excluding Non-Recurring Losses) | 13 |  | **(86021)** |  | 3435 |  | (89456) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Expense Ratio* | 14 | **** | ***44.3*** *%*** | | *(21.3)%* | | *65.6 %* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personnel Expenses | 15 |  | **(46280)** |  | (1273) |  | (45007) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Personnel Expenses | 16 |  | **(34962)** |  | 5137 |  | (40100) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premium for Deposit Insurance | 17 |  | **(452)** |  | 61 |  | (514) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Taxes | 18 |  | **(4778)** |  | (429) |  | (4349) |
|  Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) | 19 |  | **108045** |  | 61332 |  | 46712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas <sup>(2)</sup> | 20 |  | **107592** |  | 60877 |  | 46715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Excluding Net Gains (Losses) from redemption of Investment Trusts | 21 |  | **107574** |  | 60858 |  | 46715 |
|  Reversal of (Provision for) General Allowance for Loan Losses | 22 |  | **—** |  | 2569 |  | (2569) |
|  Net Business Profits | 23 |  | **108045** |  | 63901 |  | 44143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gains (Losses) related to Bonds | 24 |  | **453** |  | 455 |  | (2) |
|  Net Non-Recurring Gains (Losses) | 25 |  | **31271** |  | 8588 |  | 22682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gains (Losses) related to Stocks | 26 |  | **27986** |  | 13015 |  | 14971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expenses related to Portfolio Problems | 27 |  | **(46)** |  | (867) |  | 821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Reversal of Allowance for Loan Losses, and others | 28 |  | **810** |  | 760 |  | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 29 |  | **2520** |  | (4319) |  | 6840 |
|  Ordinary Profits | 30 |  | **139317** |  | 72490 |  | 66826 |
|  Net Extraordinary Gains (Losses) | 31 |  | **22989** |  | 28616 |  | (5626) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Gains (Losses) on Disposition of Fixed Assets | 32 |  | **622** |  | 790 |  | (167) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Impairment of Fixed Assets | 33 |  | **(435)** |  | 11641 |  | (12077) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Cancellation of Employee Retirement Benefit Trust | 34 |  | **7911** |  | 2235 |  | 5676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation (Amortization) of Unrecognized Prior Service Cost | 35 |  | **—** |  | (941) |  | 941 |
|  Profit before Income Taxes | 36 |  | **162306** |  | 101106 |  | 61200 |
|  Income Taxes - Current | 37 |  | **(41046)** |  | (17480) |  | (23566) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - Deferred | 38 |  | **2189** |  | (5984) |  | 8173 |
|  Profit | 39 |  | **123449** |  | 77641 |  | 45807 |
| <br> (1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) excludes the amounts of "Credit Costs of Trust Accounts" [6]. | <br> (1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) excludes the amounts of "Credit Costs of Trust Accounts" [6]. | <br> (1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) excludes the amounts of "Credit Costs of Trust Accounts" [6]. | <br> (1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) excludes the amounts of "Credit Costs of Trust Accounts" [6]. | <br> (1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) excludes the amounts of "Credit Costs of Trust Accounts" [6]. | <br> (1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) excludes the amounts of "Credit Costs of Trust Accounts" [6]. | <br> (1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) excludes the amounts of "Credit Costs of Trust Accounts" [6]. | <br> (1) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) excludes the amounts of "Credit Costs of Trust Accounts" [6]. |
| (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[20]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[19]-Net Gains (Losses) related to Bonds[24] | (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[20]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[19]-Net Gains (Losses) related to Bonds[24] | (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[20]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[19]-Net Gains (Losses) related to Bonds[24] | (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[20]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[19]-Net Gains (Losses) related to Bonds[24] | (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[20]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[19]-Net Gains (Losses) related to Bonds[24] | (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[20]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[19]-Net Gains (Losses) related to Bonds[24] | (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[20]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[19]-Net Gains (Losses) related to Bonds[24] | (2) Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[20]<br>=Net Business Profits(before Reversal of (Provision for) General Allowance for Loan Losses)[19]-Net Gains (Losses) related to Bonds[24] |
|  Credit-related Costs | 40 |  | **764** |  | 2462 |  | (1697) |
| &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;&nbsp;&nbsp; <br> Credit-related Costs [40] = Expenses related to Portfolio Problems [27] + Reversal of (Provision for) General Allowance for Loan Losses [22]<br> + Gains on Reversal of Allowance for Loan Losses, and others [28] + Credit Costs of Trust Accounts [6] | &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;&nbsp;&nbsp; <br> Credit-related Costs [40] = Expenses related to Portfolio Problems [27] + Reversal of (Provision for) General Allowance for Loan Losses [22]<br> + Gains on Reversal of Allowance for Loan Losses, and others [28] + Credit Costs of Trust Accounts [6] | &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;&nbsp;&nbsp; <br> Credit-related Costs [40] = Expenses related to Portfolio Problems [27] + Reversal of (Provision for) General Allowance for Loan Losses [22]<br> + Gains on Reversal of Allowance for Loan Losses, and others [28] + Credit Costs of Trust Accounts [6] | &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;&nbsp;&nbsp; <br> Credit-related Costs [40] = Expenses related to Portfolio Problems [27] + Reversal of (Provision for) General Allowance for Loan Losses [22]<br> + Gains on Reversal of Allowance for Loan Losses, and others [28] + Credit Costs of Trust Accounts [6] | &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;&nbsp;&nbsp; <br> Credit-related Costs [40] = Expenses related to Portfolio Problems [27] + Reversal of (Provision for) General Allowance for Loan Losses [22]<br> + Gains on Reversal of Allowance for Loan Losses, and others [28] + Credit Costs of Trust Accounts [6] | &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;&nbsp;&nbsp; <br> Credit-related Costs [40] = Expenses related to Portfolio Problems [27] + Reversal of (Provision for) General Allowance for Loan Losses [22]<br> + Gains on Reversal of Allowance for Loan Losses, and others [28] + Credit Costs of Trust Accounts [6] | &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;&nbsp;&nbsp; <br> Credit-related Costs [40] = Expenses related to Portfolio Problems [27] + Reversal of (Provision for) General Allowance for Loan Losses [22]<br> + Gains on Reversal of Allowance for Loan Losses, and others [28] + Credit Costs of Trust Accounts [6] | &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;&nbsp;&nbsp; <br> Credit-related Costs [40] = Expenses related to Portfolio Problems [27] + Reversal of (Provision for) General Allowance for Loan Losses [22]<br> + Gains on Reversal of Allowance for Loan Losses, and others [28] + Credit Costs of Trust Accounts [6] |
| (Reference) Breakdown of Credit-related Costs |  |  |  |  |  |  |  |
|  Credit Costs of Trust Accounts | 41 |  | **—** |  |  |  |  |
|  Reversal of (Provision for) General Allowance for Loan Losses | 42 |  | **58** |  | 2628 |  | (2569) |
|  Losses on Write-offs of Loans | 43 |  | **(36)** |  | (36) |  | 0 |
|  Reversal of (Provision for) Specific Allowance for Loan Losses | 44 |  | **741** |  | (79) |  | 821 |
|  Reversal of (Provision for) Allowance for Loan Losses to Restructuring Countries | 45 |  | **—** |  |  |  |  |
|  Reversal of (Provision for) Reserve for Contingencies | 46 |  | **—** |  | (50) |  | 50 |
|  Other (including Losses on Sales of Loans) | 47 |  | **—** |  |  |  |  |
| &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 | 48 |  | **764** |  | 2462 |  | (1697) |

---

2-4

------

*Mizuho Financial Group, Inc.*

**<u>2. Interest Margins (Domestic Operations)</u>** 

**Non-Consolidated** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | |  | | **(%)** | **(%)** | **(%)** |
|  | |  | | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
| **Mizuho Bank** | |  | | | **Change** | |
|  Return on Interest-Earning Assets |  |  | 1 | **0.96** | 0.34 | 0.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Return on Loans and Bills Discounted <sup>\*1</sup> |  |  | 2 | **1.31** | 0.34 | 0.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Return on Securities |  |  | 3 | **1.22** | 0.44 | 0.77 |
|  Cost of Funding (including Expenses) |  |  | 4 | **0.92** | 0.27 | 0.64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of Deposits (including Expenses) |  |  | 5 | **0.87** | 0.22 | 0.64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of Deposits <sup>\*2</sup> |  |  | 6 | **0.21** | 0.14 | 0.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of Other External Liabilities |  |  | 7 | **0.81** | 0.32 | 0.48 |
|  Net Interest Margin | (1) |)-(4) | 8 | **0.04** | 0.07 | (0.02) |
|  Loan and Deposit Rate Margin (including Expenses) | (2) |)-(5) | 9 | **0.44** | 0.12 | 0.31 |
|  Loan and Deposit Rate Margin | (2) |)-(6) | 10 | **1.10** | 0.19 | 0.90 |
|  <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). |
|  \*2 Deposits include Negotiable Certificates of Deposit ("NCDs"). | \*2 Deposits include Negotiable Certificates of Deposit ("NCDs"). | \*2 Deposits include Negotiable Certificates of Deposit ("NCDs"). | \*2 Deposits include Negotiable Certificates of Deposit ("NCDs"). | \*2 Deposits include Negotiable Certificates of Deposit ("NCDs"). | \*2 Deposits include Negotiable Certificates of Deposit ("NCDs"). | \*2 Deposits include Negotiable Certificates of Deposit ("NCDs"). |
| (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others |
|  Return on Loans and Bills Discounted |  |  | 11 | **1.33** | 0.33 | 0.99 |
|  Loan and Deposit Rate Margin (including Expenses) | (11) |)-(5) | 12 | **0.46** | 0.11 | 0.34 |
|  Loan and Deposit Rate Margin | (11) |)-(6) | 13 | **1.12** | 0.18 | 0.93 |
|  |  |  |  | **(%)** | **(%)** | **(%)** |
|  |  |  |  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
| **Mizuho Trust & Banking** |  |  |  |  | **Change** |  |
|  Return on Interest-Earning Assets |  |  | 14 | **2.18** | 1.21 | 0.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Return on Loans and Bills Discounted <sup>\*1</sup> |  |  | 15 | **1.07** | 0.27 | 0.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Return on Securities |  |  | 16 | **11.85** | 8.22 | 3.63 |
|  Cost of Funding |  |  | 17 | **0.53** | 0.30 | 0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of Deposits <sup>\*2</sup> |  |  | 18 | **0.27** | 0.17 | 0.09 |
|  Net Interest Margin | (14) |)-(17) | 19 | **1.64** | 0.91 | 0.73 |
|  Loan and Deposit Rate Margin | (15) |)-(18) | 20 | **0.79** | 0.09 | 0.70 |
|  <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). |
|  \*2 Deposits include NCDs. | \*2 Deposits include NCDs. | \*2 Deposits include NCDs. | \*2 Deposits include NCDs. | \*2 Deposits include NCDs. | \*2 Deposits include NCDs. | \*2 Deposits include NCDs. |
| (Reference) After excluding loans to the Japanese government and others |  |  |  |  |  |  |
|  Return on Loans and Bills Discounted |  |  | 21 | **1.07** | 0.27 | 0.79 |
|  Loan and Deposit Rate Margin | (21) |)-(18) | 22 | **0.79** | 0.09 | 0.70 |
| (Reference) |  |  |  |  |  |  |
|  |  |  |  | **(%)** | **(%)** | **(%)** |
|  |  |  |  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
| **Aggregate Figures for the 2 Banks** |  |  |  |  | **Change** |  |
|  Return on Loans and Bills Discounted <sup>\*1</sup> |  |  | 23 | **1.30** | 0.34 | 0.95 |
|  Cost of Deposits <sup>\*2</sup> |  |  | 24 | **0.21** | 0.14 | 0.06 |
|  Loan and Deposit Rate Margin | (23) |)-(24) | 25 | **1.09** | 0.19 | 0.89 |
|  <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). | <br> \*1 Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). |
|  \*2 Deposits include NCDs. | \*2 Deposits include NCDs. | \*2 Deposits include NCDs. | \*2 Deposits include NCDs. | \*2 Deposits include NCDs. | \*2 Deposits include NCDs. | \*2 Deposits include NCDs. |
| (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others | (Reference) After excluding loans to the Japanese government and others |
|  Return on Loans and Bills Discounted |  |  | 26 | **1.32** | 0.33 | 0.98 |
|  Loan and Deposit Rate Margin | (26) |)-(24) | 27 | **1.10** | 0.18 | 0.92 |

---

2-5

------

*Mizuho Financial Group, Inc.*

**<u>3. Use and Source of Funds</u>** 

**Non-Consolidated** 

**Mizuho Bank** 

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** |  |
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** | **Fiscal 2024** | **Fiscal 2024** | **Fiscal 2024** |  |
|  | | | | | **Change** | **Change** | **Change** | **Change** | | | | |  |
|  | **Average Balance** | **Average Balance** | **Rate** | **Rate** | **Average Balance** | **Average Balance** | **Rate** | **Rate** | **Average Balance** | **Average Balance** | **Rate** | **Rate** |  |
| **(Total)** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Use of Funds |  | **211584337** |  | **2.25** |  | 2815584 |  | (0.09) |  | 208768752 |  | 2.35 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Loans and Bills Discounted* | **** | ***95755462*** | **** | ***2.70*** | | *3082243* | | *(0.05* | | *92673218* | | *2.75* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Securities* | **** | ***37971344*** | **** | ***2.35*** | | *745276* | | *0.16* | | *37226068* | | *2.18* | |
|  Source of Funds |  | **211395584** |  | **1.62** |  | (688502) |  | (0.19) |  | 212084087 |  | 1.81 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Deposits* | **** | ***156300471*** | **** | ***1.01*** | | *2411812* | | *(0.03* | | *153888659* | | *1.04* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *NCDs* | **** | ***14448525*** | **** | ***3.36*** | | *1496436* | | *(0.34* | | *12952088* | | *3.70* | |
|  **(Domestic Operations)** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Use of Funds |  | **129944893** |  | **0.96** |  | 279558 |  | 0.34 |  | 129665335 |  | 0.62 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Loans and Bills Discounted* | **** | ***56433368*** | **** | ***1.29*** | | *128152* | | *0.34* | | *56305215* | | *0.95* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Securities* | **** | ***17650639*** | **** | ***1.22*** | | *280174* | | *0.44* | | *17370465* | | *0.77* | |
|  Source of Funds |  | **129674564** |  | **0.31** |  | (959708) |  | 0.20 |  | 130634272 |  | 0.11 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Deposits* | **** | ***115128943*** | **** | ***0.20*** | | *(359114* | | *0.14* | | *115488058* | | *0.06* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *NCDs* | **** | ***2838734*** | **** | ***0.45*** | | *(217407* | | *0.33* | | *3056142* | | *0.12* | |
|  **(International Operations)** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Use of Funds |  | **81738855** |  | **4.32** |  | 2007202 |  | (0.84) |  | 79731653 |  | 5.17 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Loans and Bills Discounted* | **** | ***39322094*** | **** | ***4.71*** | | *2954091* | | *(0.83* | | *36368002* | | *5.54* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Securities* | **** | ***20320704*** | **** | ***3.33*** | | *465101* | | *(0.07* | | *19855602* | | *3.41* | |
|  Source of Funds |  | **81820432** |  | **3.69** |  | (257618) |  | (0.81) |  | 82078051 |  | 4.51 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Deposits* | **** | ***41171528*** | **** | ***3.26*** | | *2770927* | | *(0.75* | | *38400601* | | *4.02* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *NCDs* | **** | ***11609790*** | **** | ***4.07*** | | *1713844* | | *(0.73* | | *9895945* | | *4.80* | |

---

2-6

------

*Mizuho Financial Group, Inc.*

**Mizuho Trust & Banking (Banking Account)** 

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** | ***(Millions of yen, %)*** |  |
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** | **Fiscal 2024** | **Fiscal 2024** | **Fiscal 2024** |  |
|  | | | | | **Change** | **Change** | **Change** | **Change** | | | | |  |
|  | **Average Balance** | **Average Balance** | **Rate** | **Rate** | **Average Balance** | **Average Balance** | **Rate** | **Rate** | **Average Balance** | **Average Balance** | **Rate** | **Rate** |  |
| **(Total)** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Use of Funds |  | **3863424** |  | **2.23** |  | (713757) |  | 1.24 |  | 4577181 |  | 0.98 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Loans and Bills Discounted* | **** | ***2449175*** | **** | ***1.09*** | | *(303809* | | *0.27* | | *2752985* | | *0.82* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Securities* | **** | ***252325*** | **** | ***12.25*** | | *72037* | | *8.79* | | *180288* | | *3.46* | |
|  Source of Funds |  | **3594049** |  | **0.54** |  | (775564) |  | 0.29 |  | 4369614 |  | 0.24 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Deposits* | **** | ***1729203*** | **** | ***0.26*** | | *(760152* | | *0.17* | | *2489355* | | *0.09* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *NCDs* | **** | ***192082*** | **** | ***0.29*** | | *(169531* | | *0.15* | | *361613* | | *0.14* | |
|  **(Domestic Operations)** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Use of Funds |  | **3856721** |  | **2.18** |  | (709181) |  | 1.21 |  | 4565903 |  | 0.97 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Loans and Bills Discounted* | **** | ***2440029*** | **** | ***1.08*** | | *(296561* | | *0.27* | | *2736591* | | *0.80* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Securities* | **** | ***248133*** | **** | ***11.85*** | | *76160* | | *8.22* | | *171972* | | *3.63* | |
|  Source of Funds |  | **3586451** |  | **0.53** |  | (771791) |  | 0.30 |  | 4358242 |  | 0.23 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Deposits* | **** | ***1727404*** | **** | ***0.26*** | | *(759423* | | *0.17* | | *2486827* | | *0.09* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *NCDs* | **** | ***192082*** | **** | ***0.29*** | | *(169531)* | | *0.15* | | *361613* | | *0.14* | |
|  **(International Operations)** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Use of Funds |  | **21469** |  | **8.87** |  | (12196) |  | 7.12 |  | 33665 |  | 1.74 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Loans and Bills Discounted* | **** | ***9145*** | **** | ***4.32*** | | *(7247* | | *0.76* | | *16393* | | *3.56* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Securities* | **** | ***4192*** | **** | ***35.97*** | | *(4123* | | *35.97* | | *8316* | | *—* | |
|  Source of Funds |  | **22365** |  | **1.42** |  | (11393) |  | (0.09) |  | 33758 |  | 1.51 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Deposits* | **** | ***1799*** | **** | ***0.09*** | | *(728* | | *0.03* | | *2528* | | *0.06* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *NCDs* | **** | *—* | **** | ***—*** | | *—* | | *—* | | *—* | | *—* | |

---

2-7

------

*Mizuho Financial Group, Inc.*

**<u>4. Net Gains/Losses on Securities</u>** 

**Consolidated** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
|  | | **Change** | |
|  Net Gains (Losses) related to Bonds | **(167532)** | (20245) | (147287) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales and Others | **133962** | (3458) | 137421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales and Others | **(299863)** | (14499) | (285363) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(766)** | 762 | (1529) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Allowance for Investment Losses | **—** | (0) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **(864)** | (3048) | 2184 |
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
|  |  | **Change** |  |
|  Net Gains (Losses) related to Stocks | **325176** | 183948 | 141227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales | **430077** | 104684 | 325393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales | **(95115)** | 68984 | (164100) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(6758)** | 8112 | (14871) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Allowance for Investment Losses | **—** | 2 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **(3027)** | 2164 | (5191) |
| **Non-Consolidated**<br>**Aggregate Figures for the 2 Banks** | **Non-Consolidated**<br>**Aggregate Figures for the 2 Banks** | **Non-Consolidated**<br>**Aggregate Figures for the 2 Banks** | **Non-Consolidated**<br>**Aggregate Figures for the 2 Banks** |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
|  |  | **Change** |  |
|  Net Gains (Losses) related to Bonds | **(171684)** | (27767) | (143916) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales and Others | **132701** | (4938) | 137639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales and Others | **(302754)** | (20543) | (282210) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(766)** | 762 | (1529) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Allowance for Investment Losses | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **(864)** | (3048) | 2184 |
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
|  |  | **Change** |  |
|  Net Gains (Losses) related to Stocks | **308510** | 176776 | 131734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales | **410899** | 104813 | 306086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales | **(86528)** | 72296 | (158824) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(12832)** | (2499) | (10333) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Allowance for Investment Losses | **—** | 2 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **(3027)** | 2164 | (5191) |

---

2-8

------

*Mizuho Financial Group, Inc.*

---

| | | | |
|:---|:---|:---|:---|
| **Mizuho Bank** |  |  |  |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
|  | | **Change** | |
|  Net Gains (Losses) related to Bonds | **(172137)** | (28223) | (143914) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales and Others | **132236** | (5396) | 137632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales and Others | **(302742)** | (20540) | (282201) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(766)** | 762 | (1529) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Allowance for Investment Losses | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **(864)** | (3048) | 2184 |
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
|  |  | **Change** |  |
|  Net Gains (Losses) related to Stocks | **280524** | 163760 | 116763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales | **382747** | 92684 | 290063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales | **(86366)** | 71430 | (157797) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(12829)** | (2520) | (10309) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Allowance for Investment Losses | **—** | 2 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **(3027)** | 2164 | (5191) |
| **Mizuho Trust & Banking** | **Mizuho Trust & Banking** | **Mizuho Trust & Banking** | **Mizuho Trust & Banking** |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
|  |  | **Change** |  |
|  Net Gains (Losses) related to Bonds | **453** | 455 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales and Others | **465** | 458 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales and Others | **(12)** | (3) | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Allowance for Investment Losses | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **—** |  |  |
|  | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2024** |
|  |  | **Change** |  |
|  Net Gains (Losses) related to Stocks | **27986** | 13015 | 14971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on Sales | **28151** | 12128 | 16023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on Sales | **(161)** | 865 | (1027) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment (Devaluation) | **(3)** | 21 | (24) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provision for) Allowance for Investment Losses | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (Losses) on Derivatives other than for Trading | **—** |  |  |

---

2-9

------

*Mizuho Financial Group, Inc.*

**<u>5. Unrealized Gains/Losses on Securities</u>**

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

**Consolidated** 

**(1) Other Securities** 

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |  |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** |  |
|  | **Book Value**<br>**(= Fair Value)** | **Book Value**<br>**(= Fair Value)** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Book Value**<br>**(= Fair Value)** | **Book Value**<br>**(= Fair Value)** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** |  |
|  | **Book Value**<br>**(= Fair Value)** | **Book Value**<br>**(= Fair Value)** | | | **Gains** | **Gains** | **Losses** | **Losses** | **Book Value**<br>**(= Fair Value)** | **Book Value**<br>**(= Fair Value)** | | | **Gains** | **Gains** | **Losses** | **Losses** |  |
|  Other Securities |  | **35809154** |  | **1878505** |  | **2406203** |  | **527698** |  | 28315442 |  | 1244399 |  | 1851895 |  | 607496 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **3021598** |  | **2323197** |  | **2324436** |  | **1239** |  | 2602868 |  | 1785453 |  | 1791933 |  | 6480 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **16783354** |  | **(138563)** |  | **7122** |  | **145685** |  | 11250832 |  | (79654) |  | 7249 |  | 86903 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***14924920*** | **** | ***(58728*** ***)*** | **** | ***322*** | **** | ***59051*** | | *8370439* | | *(18664)* | | *64* | | *18728* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **16004201** |  | **(306128)** |  | **74644** |  | **380773** |  | 14461741 |  | (461398) |  | 52713 |  | 514112 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***12846710*** | **** | ***(321105*** ***)*** | **** | ***14099*** | **** | ***335204*** | | *12116540* | | *(384921)* | | *18368* | | *403290* | |
|  \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** | \* In addition to "Securities" on the consolidated balance sheets, NCDs in "Cash and Due from Banks," certain items in "Monetary Claims Bought" and certain items in "Other Assets" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of March 31, 2026 and March 31, 2025 are ¥1,850,520 million (Foreign Bonds ¥(354874) million and Japanese Government Bonds ¥(53987) million) and ¥1,277,928 million (Foreign Bonds ¥(345206) million and Japanese Government Bonds ¥(17688) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.<br>**(2) Bonds Held to Maturity** |  |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |  |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** |  |
|  | **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** |  |
|  Bonds Held to Maturity |  | **4849445** |  | **(138382)** |  | **36804** |  | **175186** |  | 4183129 |  | (155748) |  | 23297 |  | 179045 |  |

---

**Non-Consolidated** 

**(1) Other Securities** 

**Aggregate Figures for the 2 Banks** 

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |  |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** |  |
|  | **Book Value**<br>**(= Fair Value)** | **Book Value**<br>**(= Fair Value)** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Book Value**<br>**(= Fair Value)** | **Book Value**<br>**(= Fair Value)** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** |  |
|  | **Book Value**<br>**(= Fair Value)** | **Book Value**<br>**(= Fair Value)** | | | **Gains** | **Gains** | **Losses** | **Losses** | **Book Value**<br>**(= Fair Value)** | **Book Value**<br>**(= Fair Value)** | | | **Gains** | **Gains** | **Losses** | **Losses** |  |
|  Other Securities |  | **34694344** |  | **1795139** |  | **2321861** |  | **526721** |  | 27411717 |  | 1172231 |  | 1775925 |  | 603694 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **2925435** |  | **2240911** |  | **2242175** |  | **1264** |  | 2516624 |  | 1713916 |  | 1719812 |  | 5896 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **16735050** |  | **(138510** |  | **7116** |  | **145627** |  | 11193302 |  | (78786) |  | 7249 |  | 86035 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***14921775*** | **** | ***(58728*** | **** | ***322*** | **** | ***59051*** | | *8359271* | | *(18664* | | *64* | | *18728* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **15033858** |  | **(307260** |  | **72569** |  | **379830** |  | 13701790 |  | (462898) |  | 48863 |  | 511761 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***12106852*** | **** | ***(322292*** | **** | ***12659*** | **** | ***334951*** | | *11465424* | | *(386209* | | *15035* | | *401245* | |
|  **Mizuho Bank** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Other Securities |  | **34412236** |  | **1684756** |  | **2210574** |  | **525817** |  | 27108684 |  | 1074796 |  | 1677413 |  | 602617 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **2782662** |  | **2129942** |  | **2130979** |  | **1036** |  | 2370411 |  | 1616347 |  | 1621572 |  | 5225 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **16599502** |  | **(137932** |  | **7061** |  | **144994** |  | 11040790 |  | (78566) |  | 7101 |  | 85667 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***14821965*** | **** | ***(58688*** | **** | ***322*** | **** | ***59011*** | | *8260550* | | *(18643* | | *64* | | *18707* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **15030070** |  | **(307253** |  | **72533** |  | **379786** |  | 13697483 |  | (462984) |  | 48739 |  | 511724 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***12106852*** | **** | ***(322292*** | **** | ***12659*** | **** | ***334951*** | | *11465424* | | *(386209* | | *15035* | | *401245* | |
|  **Mizuho Trust & Banking** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Other Securities |  | **282108** |  | **110382** |  | **111287** |  | **904** |  | 303032 |  | 97434 |  | 98511 |  | 1077 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **142772** |  | **110968** |  | **111196** |  | **227** |  | 146213 |  | 97568 |  | 98239 |  | 671 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **135547** |  | **(578** |  | **54** |  | **633** |  | 152511 |  | (220) |  | 147 |  | 368 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***99810*** | **** | ***(40*** | **** | *—* | **** | ***40*** | | *98720* | | *(21* | | *—* | | *21* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **3787** |  | **(7** |  | **36** |  | **43** |  | 4307 |  | 86 |  | 123 |  | 37 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | *—* | **** | *—* | **** | *—* | **** | *—* | | *—* | | *—* | | *—* | | *—* | |
|  \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. | \* In addition to "Securities" on the balance sheets, NCDs in "Cash and Due from Banks" and certain items in "Monetary Claims Bought" are also included.<br> \* 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 March 31, 2026 and March 31, 2025 are ¥(27984) million (Foreign Bonds ¥(33769) million and Japanese Government Bonds ¥4,741 million) and ¥33,528 million (Foreign Bonds ¥39,715 million and Japanese Government Bonds ¥975 million), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of March 31, 2026 and March 31, 2025 are ¥1,767,155 million (Foreign Bonds ¥(356062) million and Japanese Government Bonds ¥(53946) million) and ¥1,205,759 million (Foreign Bonds ¥(346494) million and Japanese Government Bonds ¥(17667) million), respectively.<br> \* Unrealized Gains/Losses on Other Securities as of March 31, 2026 and March 31, 2025 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting. |  |

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2-10

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*Mizuho Financial Group, Inc.*

**(2) Bonds Held to Maturity** 

**Aggregate Figures for the 2 Banks** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** |
|  | | **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** |
|  Aggregate Figures | **4849445** | **(138382)** | **36804** | **175186** | 4183129 | (155748) | 23297 | 179045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Bank | **4849445** | **(138382)** | **36804** | **175186** | 4183129 | (155748) | 23297 | 179045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Trust & Banking | **—** | **—** | **—** | **—** |  |  |  |  |
| <br> **(3) Investment in Subsidiaries and Affiliates**<br>**Aggregate Figures for the 2 Banks** | <br> **(3) Investment in Subsidiaries and Affiliates**<br>**Aggregate Figures for the 2 Banks** | <br> **(3) Investment in Subsidiaries and Affiliates**<br>**Aggregate Figures for the 2 Banks** | <br> **(3) Investment in Subsidiaries and Affiliates**<br>**Aggregate Figures for the 2 Banks** | <br> **(3) Investment in Subsidiaries and Affiliates**<br>**Aggregate Figures for the 2 Banks** | <br> **(3) Investment in Subsidiaries and Affiliates**<br>**Aggregate Figures for the 2 Banks** | <br> **(3) Investment in Subsidiaries and Affiliates**<br>**Aggregate Figures for the 2 Banks** | <br> **(3) Investment in Subsidiaries and Affiliates**<br>**Aggregate Figures for the 2 Banks** |  |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** |
|  |  | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** |  | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** |
|  | **Book Value** |  | **Gains** | **Losses** | **Book Value** |  | **Gains** | **Losses** |
|  Aggregate Figures | **106131** | **418452** | **418452** | **—** | 106131 | 276514 | 276514 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Bank | **106131** | **418452** | **418452** | **—** | 106131 | 276514 | 276514 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Trust & Banking | **—** | **—** | **—** | **—** |  |  |  |  |

---

**(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** 

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of<br>March 31,<br>2025** | **As of<br>March 31,<br>2025** |
|  | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized<br>Gains/Losses** | **Unrealized<br>Gains/Losses** |
|  | | | **Change** | **Change** | **Unrealized<br>Gains/Losses** | **Unrealized<br>Gains/Losses** |
|  Other Securities |  | **1847002** |  | 636651 |  | 1210350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **2291598** |  | 543040 |  | 1748558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **(138563)** |  | (58909) |  | (79654) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***(58728*** ***)*** | | *(40064* | | *(18664)* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **(306032)** |  | 152520 |  | (458553) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***(321008*** ***)*** | | *61067* | | *(382076)* |

---

**Non-Consolidated** 

**Aggregate Figures for the 2 Banks** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of<br>March 31,<br>2025** | **As of<br>March 31,<br>2025** |
|  | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized Gains/Losses** | **Unrealized<br>Gains/Losses** | **Unrealized<br>Gains/Losses** |
|  | | | **Change** | **Change** | **Unrealized<br>Gains/Losses** | **Unrealized<br>Gains/Losses** |
|  Other Securities |  | **1764315** |  | 628204 |  | 1136110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Stocks |  | **2210086** |  | 532290 |  | 1677795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Bonds |  | **(138510)** |  | (59724) |  | (78786) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Japanese Government Bonds* | **** | ***(58728*** ***)*** | | *(40064* | | *(18664)* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | **(307260)** |  | 155637 |  | (462898) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Foreign Bonds* | **** | ***(322292*** ***)*** | | *63917* | | *(386209)* |

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2-11

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*Mizuho Financial Group, Inc.*

**<u>6. Projected Redemption Amounts for Securities</u>**

• **The redemption schedule by term for Bonds Held to Maturity and Other Securities with maturities is as follows:** 

**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)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **Maturity as of March 31, 2026** | **Maturity as of March 31, 2026** | **Maturity as of March 31, 2026** | **Maturity as of March 31, 2026** | **Change** | **Change** | **Change** | **Change** | **Maturity as of March 31, 2025** | **Maturity as of March 31, 2025** | **Maturity as of March 31, 2025** | **Maturity as of March 31, 2025** |
|  | **Within<br>1 year** | **1 - 5**<br>**years** | **5 - 10**<br>**years** | **Over<br>10 years** | **Within<br>1 year** | **1 - 5**<br>**years** | **5 - 10**<br>**years** | **Over<br>10 years** | **Within<br>1 year** | **1 - 5**<br>**years** | **5 - 10**<br>**years** | **Over<br>10 years** |
|  Japanese Bonds | **12396.0** | **3243.8** | **1241.5** | **399.9** | 5556.4 | (205.2) | 255.2 | 3.6 | 6839.6 | 3449.0 | 986.3 | 396.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Government Bonds | **12137.1** | **2186.4** | **1045.1** | **20.0** | 5984.8 | 132.3 | 475.6 | 20.0 | 6152.2 | 2054.1 | 569.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Local Government Bonds | **40.5** | **65.2** | **51.4** | **0.3** | (21.3) | (186.1) | (200.1) | (7.2) | 61.8 | 251.4 | 251.6 | 7.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Corporate Bonds | **218.4** | **992.1** | **144.9** | **379.6** | (407.1) | (151.3) | (20.1) | (9.1) | 625.5 | 1143.5 | 165.1 | 388.8 |
|  Other | **5454.9** | **4579.8** | **1240.9** | **6911.7** | 2472.0 | (75.0) | (287.7) | (509.5) | 2982.8 | 4654.8 | 1528.7 | 7421.2 |
| **Mizuho Bank** |  |  |  |  |  |  |  |  |  |  |  |  |
|  Japanese Bonds | **12290.1** | **3213.5** | **1241.4** | **399.9** | 5556.1 | (188.4) | 255.2 | 3.6 | 6734.0 | 3402.0 | 986.2 | 396.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Government Bonds | **12037.1** | **2186.4** | **1045.1** | **20.0** | 5983.6 | 132.3 | 475.6 | 20.0 | 6053.4 | 2054.1 | 569.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Local Government Bonds | **40.5** | **65.2** | **51.4** | **0.3** | (21.3) | (186.1) | (200.1) | (7.2) | 61.8 | 251.4 | 251.6 | 7.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Corporate Bonds | **212.5** | **961.8** | **144.8** | **379.6** | (406.2) | (134.5) | (20.1) | (9.1) | 618.7 | 1096.4 | 165.0 | 388.8 |
|  Other | **5454.6** | **4571.2** | **1233.8** | **6911.7** | 2473.2 | (75.8) | (292.8) | (509.5) | 2981.3 | 4647.1 | 1526.6 | 7421.2 |
| **Mizuho Trust & Banking** |  |  |  |  |  |  |  |  |  |  |  |  |
|  Japanese Bonds | **105.8** | **30.2** | **0.1** | **—** | 0.2 | (16.7) |  |  | 105.6 | 47.0 | 0.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Government Bonds | **100.0** | **—** | **—** | **—** | 1.2 |  |  |  | 98.8 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Local Government Bonds | **—** | **—** | **—** | **—** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Corporate Bonds | **5.8** | **30.2** | **0.1** | **—** | (0.9) | (16.7) |  |  | 6.8 | 47.0 | 0.1 |  |
|  Other | **0.2** | **8.5** | **7.1** | **—** | (1.1) | 0.8 | 5.1 |  | 1.4 | 7.7 | 2.0 |  |

---

2-12

------

*Mizuho Financial Group, Inc.*

**<u>7. Employee Retirement Benefits</u>**

**Non-Consolidated** 

**Retirement Benefit Obligations** 

**Aggregate Figures for the 2 Banks** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | | **Fiscal 2025** | **Change** | **Fiscal 2024** |
|  Retirement Benefit Obligations | (A) | **802089** | (70541) | 872630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discount Rate (%) |  | **1.31~4.14** |  | 0.79~2.88 |
|  Total Fair Value of Plan Assets | (B) | **1408482** | (75815) | 1484297 |
|  Unrecognized Actuarial Differences | (C) | **(298178)** | (135377) | (162800) |
|  Prepaid Pension Cost/Reserve for Employee Retirement Benefits | (B)+ (C)-(A) | **308214** | (140651) | 448866 |
|  **Mizuho Bank** |  |  |  |  |
|  Retirement Benefit Obligations | (A) | **700416** | (62625) | 763041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discount Rate (%) |  | **1.31~4.14** |  | 0.79~2.88 |
|  Total Fair Value of Plan Assets | (B) | **1210113** | (64095) | 1274208 |
|  Unrecognized Actuarial Differences | (C) | **(256889)** | (121368) | (135521) |
|  Prepaid Pension Cost | (B)+ (C)-(A) | **252806** | (122838) | 375645 |
|  **Mizuho Trust & Banking** |  |  |  |  |
|  Retirement Benefit Obligations | (A) | **101673** | (7915) | 109589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discount Rate (%) |  | **1.31~4.14** |  | 0.79~2.88 |
|  Total Fair Value of Plan Assets | (B) | **198369** | (11719) | 210089 |
|  Unrecognized Actuarial Differences | (C) | **(41288)** | (14009) | (27279) |
|  Prepaid Pension Cost/Reserve for Employee Retirement Benefits | (B)+ (C)-(A) | **55408** | (17813) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73221 |

---

2-13

------

*Mizuho Financial Group, Inc.*

**Income (Expenses) related to Employee Retirement Benefits** 

**Aggregate Figures for the 2 Banks** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Fiscal 2025** | **Change** | **Fiscal 2024** |
|  Service Cost | **(10296)** | 1383 | (11679) |
|  Interest Cost | **(14287)** | (3666) | (10621) |
|  Expected Return on Plan Assets | **26402** | 914 | 25487 |
|  Accumulation (Amortization) of Unrecognized Actuarial Differences | **15526** | (21403) | 36930 |
|  Accumulation (Amortization) of Unrecognized Prior Service Cost | **—** | (7310) | 7310 |
|  Gains on Cancellation of Employee Retirement Benefit Trust | **69762** | 57366 | 12396 |
|  Other | **(8932)** | (1825) | (7107) |
|  Total | **78175** | 25458 | 52716 |
| <br> Note: Gains on Cancellation of Employee Retirement Benefit Trust are recorded to Extraordinary Gains (Losses). | <br> Note: Gains on Cancellation of Employee Retirement Benefit Trust are recorded to Extraordinary Gains (Losses). | <br> Note: Gains on Cancellation of Employee Retirement Benefit Trust are recorded to Extraordinary Gains (Losses). | <br> Note: Gains on Cancellation of Employee Retirement Benefit Trust are recorded to Extraordinary Gains (Losses). |
| **Mizuho Bank** |  |  |  |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Fiscal 2025** | **Change** | **Fiscal 2024** |
|  Service Cost | **(8684)** | 1188 | (9872) |
|  Interest Cost | **(12532)** | (3201) | (9331) |
|  Expected Return on Plan Assets | **23171** | 1138 | 22032 |
|  Accumulation (Amortization) of Unrecognized Actuarial Differences | **12246** | (16631) | 28878 |
|  Accumulation (Amortization) of Unrecognized Prior Service Cost | **—** | (6368) | 6368 |
|  Gains on Cancellation of Employee Retirement Benefit Trust | **61850** | 55130 | 6720 |
|  Other | **(7620)** | (1554) | (6066) |
|  Total | **68431** | 29701 | 38730 |
| <br> Note: Gains on Cancellation of Employee Retirement Benefit Trust are recorded to Extraordinary Gains (Losses). | <br> Note: Gains on Cancellation of Employee Retirement Benefit Trust are recorded to Extraordinary Gains (Losses). | <br> Note: Gains on Cancellation of Employee Retirement Benefit Trust are recorded to Extraordinary Gains (Losses). | <br> Note: Gains on Cancellation of Employee Retirement Benefit Trust are recorded to Extraordinary Gains (Losses). |
| <br> **Mizuho Trust & Banking**<br>|  |  |  |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **Fiscal 2025** | **Change** | **Fiscal 2024** |
|  Service Cost | **(1611)** | 195 | (1807) |
|  Interest Cost | **(1754)** | (465) | (1289) |
|  Expected Return on Plan Assets | **3231** | (223) | 3454 |
|  Accumulation (Amortization) of Unrecognized Actuarial Differences | **3279** | (4771) | 8051 |
|  Accumulation (Amortization) of Unrecognized Prior Service Cost | **—** | (941) | 941 |
|  Gains on Cancellation of Employee Retirement Benefit Trust | **7911** | 2235 | 5676 |
|  Other | **(1312)** | (270) | (1041) |
|  Total | **9743** | (4242) | 13986 |

---

Note: Gains on Cancellation of Employee Retirement Benefit Trust are recorded to Extraordinary Gains (Losses).

2-14

------

*Mizuho Financial Group, Inc.*

**Consolidated** 

**Retirement Benefit Obligations** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | | **As of March 31,**<br>**2026** | **Change** | **As of March 31,<br>2025** |
|  Retirement Benefit Obligations | (A) | **989938** | (78349) | 1068287 |
|  Fair Value of Plan Assets | (B) | **1693687** | (65123) | 1758811 |
|  Unrecognized Actuarial Differences | (C) | **(324261)** | (150783) | (173478) |
|  Net Defined Benefit Asset | (D) | **776413** | 17630 | 758783 |
|  Net Defined Benefit Liability | (A)-(B)+(D) | **72664** | 4404 | 68259 |
| <br> **Income (Expenses) related to Employee Retirement Benefits** | <br> **Income (Expenses) related to Employee Retirement Benefits** | <br> **Income (Expenses) related to Employee Retirement Benefits** | <br> **Income (Expenses) related to Employee Retirement Benefits** | <br> **Income (Expenses) related to Employee Retirement Benefits** |
|  |  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  |  | **Fiscal 2025** | **Change** | **Fiscal 2024** |
|  Service Cost |  | **(17988)** | 1788 | (19776) |
|  Interest Cost |  | **(17383)** | (4577) | (12806) |
|  Expected Return on Plan Assets |  | **31059** | 467 | 30592 |
|  Accumulation (Amortization) of Unrecognized Actuarial Differences |  | **15906** | (22426) | 38332 |
|  Accumulation (Amortization) of Unrecognized Prior Service Cost |  | **22** | (9015) | 9038 |
|  Gains on Cancellation of Employee Retirement Benefit Trust |  | **69762** | 57366 | 12396 |
|  Other |  | **(26111)** | (4469) | (21641) |
|  Total |  | **55268** | 19132 | 36135 |

---

Note: Accumulation (Amortization) of Unrecognized Prior Service Cost and Gains on Cancellation of Employee Retirement Benefit Trust are recorded to Extraordinary Gains (Losses), except for a portion thereof.

2-15

------

*Mizuho Financial Group, Inc.*

**<u>8. Capital Ratio</u>** 

**Mizuho Financial Group** 

International Standard

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | | ***(%, Billions of yen)*** | |
|  | **As of March 31, 2026<br>(Preliminary)** |<br>**Change** | **As of March 31, 2025**  | |
| (1) Total Capital Ratio | **17.61** | (0.14) | 17.75 |  |
| (2) Tier 1 Capital Ratio | **15.73** | 0.08 | 15.65 |  |
| (3) Common Equity Tier 1 Capital Ratio | **13.16** | (0.07) | 13.23 |  |
| (4) Total Capital | **14252.8** | 1497.0 | 12755.7 |  |
| (5) Tier 1 Capital | **12733.5** | 1485.3 | 11248.2 |  |
| (6) Common Equity Tier 1 Capital | **10650.5** | 1144.2 | 9506.2 |  |
| (7) Risk weighted Assets | **80925.3** | 9080.9 | 71844.4 |  |
| (8) Total Required Capital (7) X8% | **6474.0** | 726.4 | 5747.5 |  |
| **Mizuho Bank**<br>International Standard |  |  |  |  |
|  | **Consolidated** |  |  | **Non-Consolidated** |
|  | **As of March 31, 2026<br>(Preliminary)** | **Change** | **As of March 31, 2025**  | **As of March 31, 2026<br>(Preliminary)** |
| (1) Total Capital Ratio | **16.38** | 0.11 | 16.27 | **15.04** |
| (2) Tier 1 Capital Ratio | **14.38** | 0.32 | 14.06 | **12.87** |
| (3) Common Equity Tier 1 Capital Ratio | **11.57** | 0.15 | 11.42 | **9.85** |
| (4) Total Capital | **12161.9** | 1443.0 | 10718.8 | **10319.3** |
| (5) Tier 1 Capital | **10673.0** | 1405.6 | 9267.3 | **8832.9** |
| (6) Common Equity Tier 1 Capital | **8586.8** | 1057.7 | 7529.0 | **6758.5** |
| (7) Risk weighted Assets | **74205.5** | 8326.1 | 65879.4 | **68595.7** |
| (8) Total Required Capital (7) X8% | **5936.4** | 666.0 | 5270.3 | **5487.6** |
| **Mizuho Trust & Banking**<br>Domestic Standard |  |  |  |  |
|  | **Consolidated** |  |  | **Non-Consolidated** |
|  | **As of March 31, 2026<br>(Preliminary)** | **Change** | **As of March 31, 2025**  | **As of March 31, 2026<br>(Preliminary)** |
| (1) Capital Ratio | **29.28** |  |  | **29.04** |
| (2) Core Capital | **4364** |  |  | **4164** |
| (3) Risk-weighted Assets | **14900** |  |  | **14339** |
| (4) Total Required Capital (3) X4% | **596** |  |  | **573** |
| **Mizuho Trust & Banking**<br>International Standard (Reference) |  |  |  |  |
|  | **Consolidated** |  |  | **Non-Consolidated** |
|  | **As of March 31, 2026<br>(Preliminary)** | **Change** | **As of March 31, 2025**  | **As of March 31, 2026<br>(Preliminary)** |
| (1) Total Capital Ratio | **32.32** | 0.72 | 31.60 | **32.24** |
| (2) Tier 1 Capital Ratio | **32.25** | 0.65 | 31.60 | **32.16** |
| (3) Common Equity Tier 1 Capital Ratio | **32.24** | 0.64 | 31.60 | **32.16** |

---

Note: Risk-adjusted capital ratio of Mizuho Financial Group is calculated in accordance with the Notification of the Financial Services Agency No.20, 2006. Risk-adjusted capital ratio of Mizuho Bank and Mizuho Trust & Banking are calculated in accordance with the Notification of the Financial Services Agency No.19, 2006.

2-16

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*Mizuho Financial Group, Inc.*

**II. REVIEW OF CREDITS** 

**<u>1. Status of Non Performing Loans based on the Banking Act ("BA") and the Financial Reconstruction Act ("FRA")</u>**

• The figures below are presented net of partial direct write-offs.

• Treatment of accrued interest is based on the results of the self-assessment of assets.

(All loans to obligors classified in the self-assessment of assets as Bankrupt Obligors, Substantially Bankrupt Obligors, and Intensive Control Obligors are categorized as non-accrual loans.)

**Consolidated** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of<br>March 31,**<br>**2026** | | **As of<br>March 31,<br>2025** |
|  | **As of<br>March 31,**<br>**2026** |<br>**Change** | **As of<br>March 31,<br>2025** |
|  Claims against Bankrupt and Substantially Bankrupt Obligors | **35220** | 2736 | 32484 |
|  Claims with Collection Risk | **474937** | (101263) | 576200 |
|  Claims for Special Attention | **409922** | (28704) | 438626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **3919** | 3648 | 271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **406003** | (32352) | 438355 |
|  Sub-total[1] | **920080** | (127231) | 1047311 |
|  Normal Claims | **113879307** | 7449146 | 106430161 |
|  Total[2] | **114799388** | 7321915 | 107477473 |
|  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 | **332099** | 236150 | 95949 |
|  | *(%)* | *(%)* | *(%)* |
|  NPL ratio[1]/[2] | **0.80** | (0.17) | 0.97 |
| **Trust Account** |  |  |  |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of**<br>**March 31,<br>2026** |  | **As of<br>March 31,<br>2025** |
|  | **As of**<br>**March 31,<br>2026** | **Change** | **As of<br>March 31,<br>2025** |
|  Claims against Bankrupt and Substantially Bankrupt Obligors | **—** |  |  |
|  Claims with Collection Risk | **—** |  |  |
|  Claims for Special Attention | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **—** |  |  |
|  Sub-total[3] | **—** |  |  |
|  Normal Claims | **1002** | (389) | 1392 |
|  Total[4] | **1002** | (389) | 1392 |
|  | *(%)* | *(%)* | *(%)* |
|  NPL ratio[3]/[4] | **—** |  |  |

---

2-17

------

*Mizuho Financial Group, Inc.*

---

| | | | |
|:---|:---|:---|:---|
| **Consolidated + Trust Account** | **Consolidated + Trust Account** | **Consolidated + Trust Account** | **Consolidated + Trust Account** |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of**<br>**March 31,<br>2026** | | **As of**<br>**March 31,<br>2025** |
|  | **As of**<br>**March 31,<br>2026** |<br>**Change** | **As of**<br>**March 31,<br>2025** |
|  Claims against Bankrupt and Substantially Bankrupt Obligors | **35220** | 2736 | 32484 |
|  Claims with Collection Risk | **474937** | (101263) | 576200 |
|  Claims for Special Attention | **409922** | (28704) | 438626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **3919** | 3648 | 271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **406003** | (32352) | 438355 |
|  Sub-total[5] | **920080** | (127231) | 1047311 |
|  Normal Claims | **113880310** | 7448756 | 106431553 |
|  Total[6] | **114800391** | 7321525 | 107478865 |
|  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 | **332099** | 236150 | 95949 |
|  | ***(%)*** | ***(%)*** | ***(%)*** |
|  NPL ratio[5]/[6] | **0.80** | (0.17) | 0.97 |

---

Trust account represents trust accounts with contracts indemnifying the principal amounts.

2-18

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*Mizuho Financial Group, Inc.*

**Non-Consolidated** 

**Aggregate Figures for the 2 Banks** 

**(Banking Account + Trust Account)** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of**<br>**March 31,<br>2026** | **Change** | **As of**<br>**March 31,<br>2025** |
|  Claims against Bankrupt and Substantially Bankrupt Obligors | **31973** | 9743 | 22229 |
|  Claims with Collection Risk | **463089** | (106281) | 569370 |
|  Claims for Special Attention | **397038** | (29920) | 426959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **3919** | 3648 | 271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **393119** | (33568) | 426688 |
|  Sub-total[1] | **892101** | (126458) | 1018559 |
|  Normal Claims | **116124057** | 8065270 | 108058786 |
|  Total[2] | **117016158** | 7938812 | 109077346 |
|  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 | **329203** | 235192 | 94011 |
|  | ***(%)*** | ***(%)*** | ***(%)*** |
| NPL ratio[1]/[2] | 0.76 | (0.17) | 0.93 |
| **Mizuho Bank** |  |  |  |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  Claims against Bankrupt and Substantially Bankrupt Obligors | **31927** | 9776 | 22151 |
|  Claims with Collection Risk | **459262** | (102532) | 561794 |
|  Claims for Special Attention | **394440** | (25023) | 419464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **3919** | 3648 | 271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **390521** | (28671) | 419192 |
|  Sub-total[3] | **885630** | (117779) | 1003410 |
|  Normal Claims | **113803690** | 8324723 | 105478966 |
|  Total[4] | **114689321** | 8206944 | 106482377 |
|  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 | **328933** | 235156 | 93777 |
|  | ***(%)*** | ***(%)*** | ***(%)*** |
|  NPL ratio[3]/[4] | **0.77** | (0.17) | 0.94 |

---

2-19

------

*Mizuho Financial Group, Inc.*

**Mizuho Trust & Banking** 

**(Banking Account)** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  Claims against Bankrupt and Substantially Bankrupt Obligors | **45** | (32) | 78 |
|  Claims with Collection Risk | **3826** | (3748) | 7575 |
|  Claims for Special Attention | **2598** | (4896) | 7495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **2598** | (4896) | 7495 |
|  Sub-total[5] | **6470** | (8678) | 15148 |
|  Normal Claims | **2319364** | (259063) | 2578427 |
|  Total[6] | **2325834** | (267742) | 2593576 |
|  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 | **269** | 35 | 233 |
|  | ***(%)*** | ***(%)*** | ***(%)*** |
|  NPL ratio[5]/[6] | **0.27** | (0.30) | 0.58 |
|  **(Trust Account)** |  |  |  |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  Claims against Bankrupt and Substantially Bankrupt Obligors | **—** |  |  |
|  Claims with Collection Risk | **—** |  |  |
|  Claims for Special Attention | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans Past Due for 3 Months or More | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured Loans | **—** |  |  |
|  Sub-total[7] | **—** |  |  |
|  Normal Claims | **1002** | (389) | 1392 |
|  Total[8] | **1002** | (389) | 1392 |
|  | ***(%)*** | ***(%)*** | ***(%)*** |
|  NPL ratio[7]/[8] | **—** |  |  |
|  Trust account represents trust accounts with contracts indemnifying the principal amounts. |  |  |  |

---

2-20

------

*Mizuho Financial Group, Inc.*

**<u>2. Status of Allowances for Loan Losses</u>**

**Consolidated** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of<br>March 31,<br>2026** | **Change** | **As of<br>March 31,<br>2025** |
|  Allowances for Loan Losses | **637302** | (118449) | 755751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Allowance for Loan Losses | **393657** | 57371 | 336285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specific Allowance for Loan Losses | **240939** | (154187) | 395127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Loan Losses to Restructuring Countries | **2705** | (21633) | 24339 |
|  Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount of Partial Direct Write-offs | **334727** | 238509 | 96218 |
| <br> **Non-Consolidated**<br>**Aggregate Figures for the 2 Banks**<br>|  |  |  |
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of<br>March 31,<br>2026** | **Change** | **As of<br>March 31,<br>2025** |
| Allowances for Loan Losses | **615783** | (110386) | 726169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Allowance for Loan Losses | **379395** | 58679 | 320716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specific Allowance for Loan Losses | **233681** | (147432) | 381113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Loan Losses to Restructuring Countries | **2705** | (21633) | 24339 |
|  Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount of Partial Direct Write-offs | **331510** | 237499 | 94011 |
| <br> **Mizuho Bank**<br>|  |  |  |
|  Allowances for Loan Losses | **609891** | (109378) | 719269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Allowance for Loan Losses | **373604** | 58738 | 314866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specific Allowance for Loan Losses | **233581** | (146483) | 380064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Loan Losses to Restructuring Countries | **2705** | (21633) | 24339 |
|  Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount of Partial Direct Write-offs | **331240** | 237463 | 93777 |
| <br> **Mizuho Trust & Banking**<br>|  |  |  |
|  Allowances for Loan Losses | **5891** | (1007) | 6899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Allowance for Loan Losses | **5791** | (58) | 5850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specific Allowance for Loan Losses | **100** | (949) | 1049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Loan Losses to Restructuring Countries | **—** |  |  |
|  Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount of Partial Direct Write-offs | **269** | 35 | 233 |

---

Allowance for Entrusted Loan Losses (¥3 million and ¥4 million for March 31, 2026 and March 31, 2025, respectively) is not included in the above figures for Trust Account.

2-21

------

*Mizuho Financial Group, Inc.*

**<u>3. Allowance Coverage Ratios for Non Performing Loans based on the BA and the FRA</u>**

**Consolidated** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***(%)*** | ***(%)*** | ***(%)*** |
|  | **As of<br>March 31,<br>2026** | **Change** | **As of<br>March 31,<br>2025** |
|  Mizuho Financial Group | **69.26** | (2.89) | 72.16 |
|  <br> Above figures are presented net of partial direct write-offs. |  |  |  |
| **Non-Consolidated** |  |  |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** |
|  | **As of<br>March 31,<br>2026** | **Change** | **As of<br>March 31,<br>2025** |
|  Total | **69.02** | (2.26) | 71.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Bank | **68.86** | (2.81) | 71.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Trust & Banking (Banking Account) | **91.06** | 45.51 | 45.54 |

---

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

2-22

------

*Mizuho Financial Group, Inc.*

**<u>4. Coverage on Non Performing Loans based on the BA and the FRA</u>**

**Non-Consolidated** 

**(1) Non Performing Loans based on the BA and the FRA and Coverage Amount** 

**Aggregate Figures for the 2 Banks (Banking Account)** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  | **As of<br>March 31, 2026** | **As of<br>March 31, 2026** | **Change** | **Change** | **As of<br>March 31, 2025** | **As of<br>March 31, 2025** |  |
|  Claims against Bankrupt and Substantially Bankrupt Obligors |  | **31.9** |  | 9.7 |  | 22.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***20.2*** | | *(1.1* | | *21.4* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***11.6*** | | *10.9* | | *0.7* | |
|  Claims with Collection Risk |  | **463.0** |  | (106.2) |  | 569.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***171.8*** | | *37.2* | | *134.5* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***221.9*** | | *(158.3* | | *380.3* | |
|  Claims for Special Attention |  | **397.0** |  | (29.9) |  | 426.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***115.9*** | | *(1.6* | | *117.6* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***82.8*** | | *(20.0* | | *102.8* | |
|  **Total** |  | **892.1** |  | (126.4) |  | 1018.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***308.0*** | | *34.4* | | *273.6* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***316.5*** | | *(167.4* | | *483.9* | |
| **Mizuho Bank** |  |  |  |  |  |  |  |
|  Claims against Bankrupt and Substantially Bankrupt Obligors |  | **31.9** |  | 9.7 |  | 22.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***20.2*** | | *(1.1* | | *21.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***11.6*** | | *10.9* | | *0.7* | |
|  Claims with Collection Risk |  | **459.2** |  | (102.5) |  | 561.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***168.0*** | | *38.4* | | *129.6* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***221.8*** | | *(157.3* | | *379.2* | |
|  Claims for Special Attention |  | **394.4** |  | (25.0) |  | 419.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***115.3*** | | *0.0* | | *115.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***82.5*** | | *(19.4* | | *101.9* | |
|  **Total** |  | **885.6** |  | (117.7) |  | 1003.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***303.7*** | | *37.3* | | *266.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***316.1*** | | *(165.9* | | *482.0* | |
| **Mizuho Trust & Banking (Banking Account)** |  |  |  |  |  |  |  |
|  Claims against Bankrupt and Substantially Bankrupt Obligors |  | **0.0** |  | (0.0) |  | 0.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***0.0*** | | *(0.0* | | *0.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* |  | **—** |  | **—** |  | **—** |  |
|  Claims with Collection Risk |  | **3.8** |  | (3.7) |  | 7.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***3.7*** | | *(1.2* | | *4.9* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***0.0*** | | *(0.9* | | *1.0* | |
|  Claims for Special Attention |  | **2.5** |  | (4.8) |  | 7.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***0.6*** | | *(1.7* | | *2.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***0.3*** | | *(0.5* | | *0.9* | |
|  **Total** |  | **6.4** |  | (8.6) |  | 15.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* | **** | ***4.3*** | | *(2.9* | | *7.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Allowance for Losses* | **** | ***0.4*** | | *(1.5* | | *1.9* | |
| Reference: Trust Account |  |  |  |  |  |  |  |
|  Claims against Bankrupt and Substantially Bankrupt Obligors |  | **—** |  | **—** |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* |  | **—** |  | **—** |  | **—** |  |
|  Claims with Collection Risk |  | **—** |  | **—** |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* |  | **—** |  | **—** |  | **—** |  |
|  Claims for Special Attention |  | **—** |  | **—** |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* |  | **—** |  | **—** |  | **—** |  |
|  **Total** |  | **—** |  | **—** |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Collateral, Guarantees, and equivalent* |  | **—** |  | **—** |  | **—** |  |

---

Trust account represents trust accounts with contracts indemnifying the principal amounts.

2-23

------

*Mizuho Financial Group, Inc.*

**(2) Coverage Ratio** 

**Aggregate Figures for the 2 Banks (Banking Account)** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  | **As of<br>March 31, 2026** | **As of<br>March 31, 2026** | **Change** | **Change** | **As of<br>March 31, 2025** | **As of<br>March 31, 2025** |  |
|  Coverage Amount |  | **624.6** |  | (133.0) |  | 757.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowances for Loan Losses |  | **316.5** |  | (167.4) |  | 483.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateral, Guarantees, and equivalent |  | **308.0** |  | 34.4 |  | 273.6 |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
|  Coverage Ratio |  | **70.0** |  | (4.3) |  | 74.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  | **100.0** |  |  |  | 100.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  | **85.0** |  | (5.3) |  | 90.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention |  | **50.0** |  | (1.5) |  | 51.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Claims against Special Attention Obligors* | **** | ***51.3*** | | *(0.4)* | | *51.7* | |
|  Allowance Coverage Ratio against Non-collateralized Claims |  |  |  |  |  |  |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  | **100.0** |  |  |  | 100.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  | **76.2** |  | (11.2) |  | 87.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention |  | **29.4** |  | (3.7) |  | 33.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Claims against Special Attention Obligors* | **** | ***29.2*** | | *(2.9)* | | *32.2* | |
|  Reference: Allowance Coverage Ratio |  |  |  |  |  |  |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
|  Claims against Special Attention Obligors |  | **20.15** |  | (2.81) |  | 22.97 |  |
|  Claims against Watch Obligors excluding Special Attention Obligors |  | **3.72** |  | 0.69 |  | 3.03 |  |
|  Claims against Normal Obligors |  | **0.18** |  | 0.03 |  | 0.14 |  |
|  **Mizuho Bank** |  |  |  |  |  |  |  |
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  Coverage Amount |  | **619.8** |  | (128.5) |  | 748.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowances for Loan Losses |  | **316.1** |  | (165.9) |  | 482.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateral, Guarantees, and equivalent |  | **303.7** |  | 37.3 |  | 266.3 |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
|  Coverage Ratio |  | **69.9** |  | (4.5) |  | 74.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  | **100.0** |  |  |  | 100.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  | **84.9** |  | (5.6) |  | 90.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention |  | **50.1** |  | (1.6) |  | 51.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Claims against Special Attention Obligors* | **** | ***51.4*** | | *(0.8)* | | *52.3* | |
|  Allowance Coverage Ratio against Non-collateralized Claims | Allowance Coverage Ratio against Non-collateralized Claims | Allowance Coverage Ratio against Non-collateralized Claims | Allowance Coverage Ratio against Non-collateralized Claims | Allowance Coverage Ratio against Non-collateralized Claims |  |  |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  | **100.0** |  |  |  | 100.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  | **76.2** |  | (11.5) |  | 87.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention |  | **29.5** |  | (3.9) |  | 33.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Claims against Special Attention Obligors* | **** | ***29.3*** | | *(3.3)* | | *32.7* | |
|  Reference: Allowance Coverage Ratio |  |  |  |  |  |  |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
|  Claims against Special Attention Obligors |  | **20.20** |  | (3.01) |  | 23.22 |  |
|  Claims against Watch Obligors excluding Special Attention Obligors |  | **3.65** |  | 0.62 |  | 3.03 |  |
|  Claims against Normal Obligors |  | **0.18** |  | 0.03 |  | 0.14 |  |

---

2-24

------

*Mizuho Financial Group, Inc.*

**Mizuho Trust & Banking (Banking Account)** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  | **As of<br>March 31, 2026** | **As of<br>March 31, 2026** | **Change** | **Change** | **As of<br>March 31, 2025** | **As of<br>March 31, 2025** |  |
|  Coverage Amount |  | **4.8** |  | (4.4) |  | 9.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowances for Loan Losses |  | **0.4** |  | (1.5) |  | 1.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateral, Guarantees, and equivalent |  | **4.3** |  | (2.9) |  | 7.3 |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
|  Coverage Ratio |  | **74.4** |  | 13.1 |  | 61.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  | **100.0** |  |  |  | 100.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  | **99.7** |  | 20.7 |  | 78.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention |  | **36.6** |  | (6.3) |  | 43.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Claims against Special Attention Obligors* | **** | ***32.4*** | | *1.0* | | *31.4* | |
|  Allowance Coverage Ratio against Non-collateralized Claims |  |  |  |  |  |  |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  | **—** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  | **90.2** |  | 50.7 |  | 39.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims for Special Attention |  | **17.1** |  | (0.2) |  | 17.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Claims against Special Attention Obligors* | **** | ***17.1*** | | *(0.2* | | *17.3* | |
|  Reference: Allowance Coverage Ratio |  |  |  |  |  |  |  |
|  | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** | ***(%)*** |  |
|  Claims against Special Attention Obligors |  | **13.97** |  | (0.46) |  | 14.43 |  |
|  Claims against Watch Obligors excluding Special Attention Obligors |  | **7.50** |  | 5.79 |  | 1.70 |  |
|  Claims against Normal Obligors |  | **0.12** |  | (0.02) |  | 0.14 |  |

---

2-25

------

*Mizuho Financial Group, Inc.*

**<u>5. Overview of Non-Performing Loans ("NPLs")</u>**

**Non-Consolidated** 

**Aggregate Figures for the 2 Banks (Banking Account)** 

***(Billions of yen)***

![LOGO](g146326dsp052.jpg)

Notes: Claims for Special Attention are denoted on an individual loans basis. Claims against Special Attention Obligors include all claims, not limited to Claims for Special Attention.

2-26

------

*Mizuho Financial Group, Inc.*

**<u>6. Results of Removal of NPLs from the Balance Sheet</u>**

**Non-Consolidated** 

**(1) Outstanding Balance of Claims against Bankrupt and Substantially Bankrupt Obligors and Claims with Collection Risk (under the BA and the FRA)** 

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

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(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)*** |
|  | **Fiscal 2022** | **Fiscal 2022** | **Fiscal 2023** | **Fiscal 2023** | **Fiscal 2024** | **Fiscal 2024** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** | **Fiscal 2025** |
|  | **As of<br>March 31,<br>2023** | **As of<br>March 31,<br>2023** | **As of<br>March 31,<br>2024** | **As of<br>March 31,<br>2024** | **As of<br>March 31,<br>2025** | **As of<br>March 31,<br>2025** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
|  | | | | | | | **MHBK** | **MHBK** | **MHTB\*** | **MHTB\*** | **Aggregate<br>Figures for<br>the 2<br>Banks** | **Aggregate<br>Figures for<br>the 2<br>Banks** | **Change from<br>March 31,<br>2025** | **Change from<br>March 31,<br>2025** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  | 34.0 |  | 15.9 |  | 9.3 |  | 18.9 |  | 0.0 |  | 18.9 |  | 9.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  | 658.4 |  | 499.8 |  | 398.6 |  | 111.2 |  | 3.7 |  | 114.9 |  | (283.6) |
|  Amount Categorized as above up to Fiscal 2022 |  | **692.5** |  | 515.7 |  | 408.0 |  | 130.1 |  | 3.7 |  | **133.9** |  | (274.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *of which the amount which was in the process of being removed from the balance sheet* | | *30.5* | | *15.3* | | *9.1* | | *18.7* | | *0.0* | | *18.8* | | *9.6* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  |  |  | 10.7 |  | 3.8 |  | 2.2 |  |  |  | 2.2 |  | (1.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  |  |  | 208.7 |  | 64.7 |  | 29.8 |  | 0.0 |  | 29.9 |  | (34.8) |
|  Amount Newly Categorized as above during Fiscal 2023 |  |  |  | **219.5** |  | 68.5 |  | 32.1 |  | 0.0 |  | **32.1** |  | (36.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *of which the amount which was in the process of being removed from the balance sheet* |  |  | | *9.4* | | *2.9* | | *2.2* | | *—* | | *2.2* | | *(0.7* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  |  |  |  |  | 9.0 |  | 2.3 |  |  |  | 2.3 |  | (6.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  |  |  |  |  | 105.9 |  | 60.1 |  |  |  | 60.1 |  | (45.7) |
|  Amount Newly Categorized as above during Fiscal 2024 |  |  |  |  |  | **115.0** |  | 62.4 |  |  |  | **62.4** |  | (52.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *of which the amount which was in the process of being removed from the balance sheet* |  |  |  |  | | *5.8* | | *1.8* | | *—* | | *1.8* | | *(3.9* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  |  |  |  |  |  |  | 8.4 |  | 0.0 |  | 8.4 |  | 8.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  |  |  |  |  |  |  | 257.9 |  | 0.0 |  | 258.0 |  | 258.0 |
|  Amount Newly Categorized as above during Fiscal 2025 |  |  |  |  |  |  |  | 266.4 |  | 0.0 |  | **266.4** |  | 266.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *of which the amount which was in the process of being removed from the balance sheet* |  |  |  |  |  |  | | *8.4* | | *0.0* | | *8.4* | | *8.4* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims against Bankrupt and Substantially Bankrupt Obligors |  | 34.0 |  | 26.6 |  | 22.2 |  | 31.9 |  | 0.0 |  | 31.9 |  | 9.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims with Collection Risk |  | 658.4 |  | 708.6 |  | 569.3 |  | 459.2 |  | 3.8 |  | 463.0 |  | (106.2) |
|  **Total** |  | 692.5 |  | 735.3 |  | 591.6 |  | 491.1 |  | 3.8 |  | 495.0 |  | (96.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *of which the amount which was in the process of being removed from the balance sheet* | | *30.5* | | *24.7* | | *17.9* | | *31.3* | | *0.0* | | *31.3* | | *13.4* |

---

---

| | |
|:---|:---|
| <br> \* Trust account represents trust accounts with contracts indemnifying the principal amounts. | <br> \* Trust account represents trust accounts with contracts indemnifying the principal amounts. |
| \* | denotes newly categorized amounts. |

---

**(2) Breakdown of Reasons for Removal of NPLs from the Balance Sheet in Fiscal 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **Aggregate Figures<br>for the 2 Banks<br>(Banking Account**<br>**+ Trust Account)** | **MHBK** | **MHTB<br>(Banking Account<br>+ Trust Account)** |
|  Liquidation | (3.1) | (3.1) |  |
|  Restructuring | (5.9) | (5.9) |  |
|  Improvement in Business Performance due to Restructuring |  |  |  |
|  Loan Sales | (19.2) | (16.7) | (2.4) |
|  Direct Write-off | (223.8) | (223.8) | (0.0) |
|  Other | (110.7) | (109.4) | (1.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt recovery | (36.4) | (35.4) | (1.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Improvement in Business Performance | (74.2) | (74.0) | (0.2) |
|  Total | (363.0) | (359.1) | (3.8) |

---

2-27

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*Mizuho Financial Group, Inc.*

**<u>7. Status of Loans by Industry</u>**

**(1) Outstanding Balances by Industry** 

**Non-Consolidated** 

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

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2025** |
|  | **Outstanding<br>Balance** | **Change** | **Outstanding<br>Balance** |
|  Domestic Total (excluding Loans Booked Offshore) | **66158.2** | 1818.9 | 64339.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manufacturing | **11182.1** | 872.4 | 10309.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agriculture & Forestry | **49.1** | 0.1 | 48.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fishery | **12.7** | (0.1) | 12.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mining, Quarrying Industry & Gravel Extraction Industry | **193.3** | 33.0 | 160.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction | **1572.6** | 517.4 | 1055.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | **3152.8** | (44.4) | 3197.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication | **1782.6** | 611.9 | 1170.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation & Postal Industry | **2371.5** | 104.6 | 2266.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wholesale & Retail | **5172.9** | 293.2 | 4879.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance & Insurance | **9967.3** | 647.2 | 9320.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate | **13449.8** | 1002.2 | 12447.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Lease | **3695.6** | 452.2 | 3243.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Industries | **3107.0** | 86.3 | 3020.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Governments | **308.1** | (60.8) | 368.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Governments | **—** | (2982.7) | 2982.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **10140.0** | 286.0 | 9853.9 |
|  Overseas Total (including Loans Booked Offshore) | **34866.9** | 4531.9 | 30335.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Governments | **441.7** | 148.6 | 293.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Institutions | **15787.6** | 2009.8 | 13777.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **18637.6** | 2373.3 | 16264.2 |
|  Total | **101025.1** | 6350.8 | 94674.3 |

---

\* Loans to Finance & Insurance sector includes loans to MHFG as follows:

As of March 31, 2026: ¥815.0 billion (from MHBK) <br> As of March 31, 2025: ¥530.0 billion (from MHBK)

\* Amounts of Outstanding Balances are the aggregate figures for banking and trust accounts. 

2-28

------

*Mizuho Financial Group, Inc.*

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2025** |
|  | **Outstanding<br>Balance** | **Change** | **Outstanding**<br>**Balance** |
| **Mizuho Bank** | **Mizuho Bank** | **Mizuho Bank** | **Mizuho Bank** |
|  Domestic Total (excluding Loans Booked Offshore) | **62758.8** | 1478.6 | 61280.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manufacturing | **10653.7** | 663 | 9990.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agriculture & Forestry | **49.1** | 0.1 | 48.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fishery | **12.7** | (0.1) | 12.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mining, Quarrying Industry & Gravel Extraction Industry | **192.5** | 33.2 | 159.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction | **1521.0** | 513.5 | 1007.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | **2959.6** | (23.0) | 2982.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication | **1744.7** | 611.7 | 1133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation & Postal Industry | **2253.9** | 113 | 2140.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wholesale & Retail | **5067.5** | 288.3 | 4779.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance & Insurance | **9226.0** | 364.7 | 8861.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate | **12231.2** | 1128.8 | 11102.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Lease | **3513.7** | 449.2 | 3064.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Industries | **3090.3** | 93.4 | 2996.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Governments | **308.1** | (60.6) | 368.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Governments | **—** | (2982.7) | 2982.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **9934.2** | 285.6 | 9648.5 |
|  Overseas Total (including Loans Booked Offshore) | **34866.9** | 4531.9 | 30335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Governments | **441.7** | 148.6 | 293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Institutions | **15787.6** | 2009.8 | 13777.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **18637.6** | 2373.3 | 16264.2 |
|  Total | **97625.7** | 6010.5 | 91615.2 |
| **Mizuho Trust & Banking (Banking Account + Trust Account)** | **Mizuho Trust & Banking (Banking Account + Trust Account)** | **Mizuho Trust & Banking (Banking Account + Trust Account)** | **Mizuho Trust & Banking (Banking Account + Trust Account)** |
|  Domestic Total (excluding Loans Booked Offshore) | **3399.3** | 340.2 | 3059.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manufacturing | **528.4** | 209.4 | 319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agriculture & Forestry | **0.0** | (0.0) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fishery | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mining, Quarrying Industry & Gravel Extraction Industry | **0.8** | (0.2) | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction | **51.5** | 3.9 | 47.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | **193.1** | (21.4) | 214.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication | **37.9** | 0.2 | 37.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation & Postal Industry | **117.5** | (8.4) | 126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wholesale & Retail | **105.3** | 4.9 | 100.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance & Insurance | **741.3** | 282.4 | 458.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate | **1218.6** | (126.6) | 1345.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Lease | **181.9** | 3 | 178.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Industries | **16.6** | (7.1) | 23.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Governments | **—** | (0.2) | 0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Governments | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **205.8** | 0.3 | 205.4 |
|  Overseas Total (including Loans Booked Offshore) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Governments | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Institutions | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **—** |  |  |
|  Total | **3399.3** | 340.2 | 3059.1 |

---

\* Amounts of Outstanding Balances are the aggregate figures for banking and trust accounts. 

2-29

------

*Mizuho Financial Group, Inc.*

**(2) Non Performing Loans based on the BA and the FRA and Coverage Ratio by Industry** 

**Non-Consolidated** 

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen, %)*** | ***(Billions of yen, %)*** | ***(Billions of yen, %)*** | ***(Billions of yen, %)*** | ***(Billions of yen, %)*** | ***(Billions of yen, %)*** |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2025** | **As of March 31, 2025** |
| | | | **Change** | **Change** | | |
| |<br>**Non Performing<br>Loans based on<br>the BA and the<br>FRA** |<br>**Coverage<br>Ratio** | **Non Performing<br>Loans based on<br>the BA and the<br>FRA** | **Coverage<br>Ratio** |<br>**Non Performing<br>Loans based on<br>the BA and the<br>FRA** |<br>**Coverage<br>Ratio** |
|  Domestic Total (excluding Loans Booked Offshore) | **685.4** | **65.1** | (252.7) | (8.7) | 938.2 | 73.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manufacturing | **341.7** | **60.3** | (268.5) | (15.8) | 610.3 | 76.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agriculture & Forestry | **3.2** | **65.4** | (0.0) | (10.9) | 3.2 | 76.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fishery | **0.8** | **70.5** | 0.8 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mining, Quarrying Industry & Gravel Extraction Industry | **—** | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction | **5.8** | **80.4** | 2.7 | (1.6) | 3 | 82.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | **3.7** | **63.8** | 2.7 | (4.9) | 1 | 68.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication | **13.5** | **57.2** | 1.7 | (2.0) | 11.7 | 59.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation & Postal Industry | **7.1** | **77.3** | (4.6) | (0.0) | 11.8 | 77.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wholesale & Retail | **150.9** | **63.1** | 39.6 | 7.1 | 111.2 | 55.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance & Insurance | **9.9** | **55.2** | (3.9) | 0.4 | 13.9 | 54.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate | **26.6** | **91.3** | 0.2 | 4.4 | 26.3 | 86.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Lease | **0.3** | **65.0** | 0 | (6.4) | 0.2 | 71.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Industries | **74.7** | **62.3** | (20.5) | (4.9) | 95.2 | 67.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Governments | **—** | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **46.7** | **96.3** | (3.0) | (0.7) | 49.8 | 97.1 |
|  Overseas Total (including Loans Booked Offshore) | **206.6** | **86.2** | 126.2 | 5.3 | 80.3 | 80.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Governments | **—** | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Institutions | **—** | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **206.6** | **86.2** | 126.2 | 5.3 | 80.3 | 80.8 |
|  Total | **892.1** | **70.0** | (126.4) | (4.3) | 1018.5 | 74.3 |

---

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

2-30

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*Mizuho Financial Group, Inc.*

**<u>8. Housing and Consumer Loans & Loans to Small and Medium-Sized Enterprises ("SMEs") and Individual Customers</u>**

**(1) Balance of Housing and Consumer Loans** 

**Non-Consolidated** 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  | **As of**<br>**March 31,<br>2026** | **As of**<br>**March 31,<br>2026** | | | **As of<br>March 31,<br>2025** | **As of<br>March 31,<br>2025** | |
|  | **As of**<br>**March 31,<br>2026** | **As of**<br>**March 31,<br>2026** | **Change** | **Change** | **As of<br>March 31,<br>2025** | **As of<br>March 31,<br>2025** | |
|  Housing and Consumer Loans |  | **7126.6** |  | (212.8) |  | 7339.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Housing Loans for owner's residential housing* | **** | ***6692.3*** | | *(198.3)* | | *6890.7* | |
|  **Mizuho Bank** |  |  |  |  |  |  |  |
|  Housing and Consumer Loans |  | **7099.3** |  | (207.8) |  | 7307.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Loans |  | **6730.0** |  | (205.4) |  | 6935.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *for owner's residential housing* | **** | ***6666.2*** | | *(193.6)* | | *6859.8* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer loans |  | **369.2** |  | (2.3) |  | 371.5 |  |
|  **Mizuho Trust & Banking (Banking Account + Trust Account)** |  |  |  |  |  |  |  |
|  Housing and Consumer Loans |  | **27.3** |  | (5.0) |  | 32.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Housing Loans for owner's residential housing* | **** | ***26.1*** | | *(4.7)* | | *30.9* | |
|  <br> \* Above figures are aggregate banking and trust account amounts. |  |  |  |  |  |  |  |
| **(2) Loans to SMEs and Individual Customers** | **(2) Loans to SMEs and Individual Customers** | **(2) Loans to SMEs and Individual Customers** | **(2) Loans to SMEs and Individual Customers** | **(2) Loans to SMEs and Individual Customers** | **(2) Loans to SMEs and Individual Customers** | **(2) Loans to SMEs and Individual Customers** |  |
| **Non-Consolidated** | **Non-Consolidated** | **Non-Consolidated** | **Non-Consolidated** | **Non-Consolidated** | **Non-Consolidated** | **Non-Consolidated** |  |
|  **Aggregate Figures for the 2 Banks (Banking Account + Trust Account)** | **Aggregate Figures for the 2 Banks (Banking Account + Trust Account)** | **Aggregate Figures for the 2 Banks (Banking Account + Trust Account)** | **Aggregate Figures for the 2 Banks (Banking Account + Trust Account)** | **Aggregate Figures for the 2 Banks (Banking Account + Trust Account)** | **Aggregate Figures for the 2 Banks (Banking Account + Trust Account)** | **Aggregate Figures for the 2 Banks (Banking Account + Trust Account)** |  |
|  | ***(%, Billions of yen)*** | ***(%, Billions of yen)*** | ***(%, Billions of yen)*** | ***(%, Billions of yen)*** | ***(%, Billions of yen)*** | ***(%, Billions of yen)*** |  |
|  | **As of**<br>**March 31,<br>2026** | **As of**<br>**March 31,<br>2026** |  |  | **As of<br>March 31,<br>2025** | **As of<br>March 31,<br>2025** |  |
|  | **As of**<br>**March 31,<br>2026** | **As of**<br>**March 31,<br>2026** | **Change** | **Change** | **As of<br>March 31,<br>2025** | **As of<br>March 31,<br>2025** |  |
|  Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans |  | **58.4** |  | 1.6 |  | 56.7 |  |
|  Loans to SMEs and Individual Customers |  | **38637.2** |  | 2132.3 |  | 36504.9 |  |
|  **Mizuho Bank** |  |  |  |  |  |  |  |
|  Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans |  | **59.3** |  | 2.3 |  | 57.0 |  |
|  Loans to SMEs and Individual Customers |  | **37268.7** |  | 2309.6 |  | 34959.1 |  |
|  **Mizuho Trust & Banking (Banking Account + Trust Account)** |  |  |  |  |  |  |  |
|  Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans |  | **40.2** |  | (10.2) |  | 50.5 |  |
|  Loans to SMEs and Individual Customers |  | **1368.5** |  | (177.3) |  | 1545.8 |  |

---

\* Above figures are aggregate banking and trust account amounts. 

\* Above figures do not include loans booked at overseas offices and offshore loans.

\* The definition of "Small and Medium-sized Enterprises" is as follows:

Enterprises of which the capital is ¥300 million or below (¥100 million or below for the wholesale industry, and ¥50 million or below for the retail, restaurant and commodity lease industries, etc.), or enterprises with full-time employees of 300 or below (100 or below for the wholesale and commodity lease industries etc., 50 or below for the retail and restaurant industries.) <br>

2-31

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*Mizuho Financial Group, Inc.*

**<u>9. Status of Loans by Region</u>**

**(1) Outstanding Balances by Region** 

**Non-Consolidated** 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31,<br>2025** | **As of March 31,<br>2025** |  |
|  | **Outstanding <br>Balance** | **Outstanding <br>Balance** | **Change** | **Change** | **Outstanding <br>Balance** | **Outstanding <br>Balance** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asia |  | **7504.4** |  | 528.5 |  | 6975.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Hong Kong* | **** | ***902.6*** | | *5.2* | | *897.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Singapore* | **** | ***1481.4*** | | *114.5* | | *1366.9* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Thailand* | **** | ***1116.5*** | | *87.5* | | *1029.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Taiwan* | **** | ***763.3*** | | *57.0* | | *706.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *India* | **** | ***983.2*** | | *56.0* | | *927.1* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *South Korea* | **** | ***747.2*** | | *14.9* | | *732.3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Indonesia* | **** | ***442.0*** | | *12.0* | | *430.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Philippines* | **** | ***365.8*** | | *99.0* | | *266.8* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *China* | **** | ***159.8*** | | *18.4* | | *141.4* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Malaysia* | **** | ***112.2*** | | *23.4* | | *88.8* | |
| &nbsp;&nbsp;&nbsp;&nbsp; Central and South America |  | **4823.1** |  | 381.0 |  | 4442.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Mexico* | **** | ***272.1*** | | *(81.8* | | *353.9* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Brazile* | **** | ***265.7*** | | *65.6* | | *200.1* | |
| &nbsp;&nbsp;&nbsp;&nbsp; North America |  | **16313.5** |  | 2564.5 |  | 13748.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *United States* | **** | ***14953.1*** | | *2840.3* | | *12112.8* | |
| &nbsp;&nbsp;&nbsp;&nbsp; Eastern Europe |  | **56.6** |  | (65.1) |  | 121.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Russia* | **** | ***20.6*** | | *(80.3* | | *100.9* | |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Europe |  | **5184.8** |  | 627.4 |  | 4557.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *United Kingdom* | **** | ***1620.5*** | | *240.2* | | *1380.2* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Netherlands* | **** | ***1014.4*** | | *(49.5* | | *1064.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Germany* | **** | ***26.3*** | | *(54.1* | | *80.4* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Ireland* | **** | ***557.3*** | | *20.4* | | *536.9* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Switzerland* | **** | ***151.3*** | | *65.5* | | *85.8* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *France* | **** | ***258.2*** | | *126.1* | | *132.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Turkey* | **** | ***138.8*** | | *40.1* | | *98.7* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Italy* | **** | ***11.6*** | | *(1.1* | | *12.7* | |
| &nbsp;&nbsp;&nbsp;&nbsp; Other |  | **5378.3** |  | 1006.2 |  | 4372.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Australia* | **** | ***2805.1*** | | *645.2* | | *2159.9* | |
|  Total |  | **39260.9** |  | 5042.7 |  | 34218.2 |  |

---

The above figures are based on obligor country of location.

The outstanding balance of loans in major banking subsidiaries outside Japan in the consolidated financial statement is as follows.

---

| | | | |
|:---|:---|:---|:---|
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31,<br>2025** |
|  | **Outstanding <br>Balance** | **Change** | **Outstanding <br>Balance** |
|  Mizuho Bank Europe N.V. | **1748.8** | 1174.2 | 574.6 |
|  Mizuho Bank (China) ,Ltd | **1104.3** | (59.1) | 1163.4 |
|  PT. Bank Mizuho Indonesia | **564.4** | (45.5) | 610.0 |

---

2-32

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*Mizuho Financial Group, Inc.*

**(2) Non Performing Loans based on the BA and the FRA by Region** 

**Non-Consolidated** 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |  |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2025** | **As of March 31, 2025** |  |
|  | **Non Performing<br>Loans based on the<br>BA and the FRA** | **Non Performing<br>Loans based on the<br>BA and the FRA** | **Change** | **Change** | **Non Performing<br>Loans based on the<br>BA and the FRA** | **Non Performing<br>Loans based on the<br>BA and the FRA** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asia |  | **58.1** |  | (0.0) |  | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Hong Kong* | **** | ***27.5*** | | *26.5* | | *1.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Singapore* | **** | ***2.6*** | | *(11.1* | | *13.7* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Thailand* | **** | ***0.3*** | | *(0.6* | | *1.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Taiwan* | **** | ***12.4*** | | *(11.8* | | *24.2* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *India* |  | ***0.6*** | | *0.6* |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *South Korea* |  | **—** | | *(0.0* | | *0.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Indonesia* |  | **—** | | *—* | | *—* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Philippines* | **** | ***0.0*** | | *(0.0* | | *0.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *China* | **** | ***0.2*** | | *0.0* | | *0.1* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Malaysia* |  | **—** | | *—* | | *—* | |
| &nbsp;&nbsp;&nbsp;&nbsp; Central and South America |  | **17.9** |  | 3.9 |  | 13.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Mexico* |  | ***8.2*** | | *8.2* |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Brazile* |  | ***0.0*** | | *0.0* |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; North America |  | **89.8** |  | 81.5 |  | 8.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *United States* | **** | ***89.8*** | | *81.5* | | *8.2* | |
| &nbsp;&nbsp;&nbsp;&nbsp; Eastern Europe |  | **8.5** |  | 0.0 |  | 8.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Russia* | **** | ***8.5*** | | *0.0* | | *8.5* | |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Europe |  | **63.1** |  | 33.4 |  | 29.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *United Kingdom* | **** | ***25.9*** | | *12.8* | | *13.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Netherlands* | **** | ***7.6*** | | *6.7* | | *0.9* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Germany* | **** | ***13.8*** | | *10.5* | | *3.2* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Ireland* |  | **—** | | *—* | | *—* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Switzerland* | **** | ***1.1*** | | *0.1* | | *1.0* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *France* |  | ***2.2*** | | *2.2* |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Turkey* |  | **—** | | *—* | | *—* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Italy* | **** | ***11.0*** | | *1.2* | | *9.7* | |
| &nbsp;&nbsp;&nbsp;&nbsp; Other |  | **0.0** |  | (1.6) |  | 1.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Australia* |  | **—** | | *(1.6* | | *1.6* | |
|  Total |  | **237.7** |  | 117.2 |  | 120.5 |  |

---

The above figures are based on obligor country of location.

The outstanding balance of Non Performing Loans based on the BA and the FRA in major banking subsidiaries outside Japan in the consolidated financial statement is as follows.

---

| | | | |
|:---|:---|:---|:---|
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31,<br>2025** |
|  | **Non Performing<br>Loans based on<br>the BA and the<br>FRA** | **Change** | **Non Performing<br>Loans based on<br>the BA and the<br>FRA** |
|  Mizuho Bank Europe N.V. | **39.0** | 18.1 | 20.9 |
|  Mizuho Bank (China) ,Ltd | **—** | (0.1) | 0.1 |
|  PT. Bank Mizuho Indonesia | **—** | (6.9) | 6.9 |

---

2-33

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*Mizuho Financial Group, Inc.*

**III. OTHERS** 

**<u>1. Estimation for Calculating Deferred Tax Assets</u>**

**Non-Consolidated** 

**Mizuho Bank** 

**1. Estimate of future taxable income** 

---

| | | |
|:---|:---|:---|
|  | | ***(Billions of yen)*** |
|  | | **Total amount**<br>**for five years**<br>**(from April 1,<br>2026**<br>**to**<br>**March 31,<br>2031)** |
|  Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) | 1 | 6299.7 |
|  Profit before Income Taxes | 2 | 6970.2 |
|  Tax Adjustments \*1 | 3 | (121.1) |
|  Taxable Income before Current Deductible Temporary Differences \*2 | 4 | 6849.0 |
|  Effective Statutory Tax Rate | 5 | 31.52% |
|  Deferred Tax Assets corresponding to Taxable Income before Current Deductible Temporary Differences [ 4 x 5 ] | 6 | 21588 |

---

\*1. Tax Adjustments are estimated future book-tax differences under the provisions of the corporation tax law and others.

\*2. Taxable Income before Current Deductible Temporary Differences is an estimate of taxable income before adjusting deductible temporary differences as of March 31, 2026.

---

| | | |
|:---|:---|:---|
| (Reference) Past results of taxable income (tax loss)<br>|  |  |
|  | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  Fiscal 2021 |  | 360.3 |
|  Fiscal 2022 |  | 157.7 |
|  Fiscal 2023 |  | 406.1 |
|  Fiscal 2024 |  | 796.7 |
|  Fiscal 2025(estimate) |  | 1148.9 |

---

---

| | |
|:---|:---|
| \*1. | Figures are taxable income (tax loss) amounts per the final corporation tax returns before deducting tax losses carried forward from prior years. Subsequent amendments have not been reflected.  |

---

\*2. Figure for fiscal 2025 is an estimate of taxable income.

**2. Breakdown of Deferred Tax Assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | | **As of**<br>**March 31,<br>2026** | **Change** | **As of**<br>**March 31,<br>2025** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Loan Losses | 7 | **275.8** | 49.3 | 226.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of Securities | 8 | **91.8** | (14.7) | 106.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities Contributed to Employee Retirement Benefit Trust | 9 | **83.9** | (7.5) | 91.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Losses on Other Securities | 10 | **—** | (50.2) | 50.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and Impairment | 11 | **55.6** | (7.2) | 62.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Deferred Hedge Losses | 12 | **398.2** | 177.2 | 220.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax Losses Carried Forward | 13 | **2.9** | (9.5) | 12.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 14 | **193.0** | (15.3) | 208.3 |
|  Total Deferred Tax Assets | 15 | **1101.5** | 121.9 | 979.5 |
|  Valuation Allowance | 16 | **(143.3)** | 38.9 | (182.3) |
|  Sub-Total [ 15 + 16 ] | 17 | **958.1** | 160.9 | 797.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount related to Retirement Benefits Accounting | 18 | **(79.6)** | 38.7 | (118.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Gains on Other Securities | 19 | **(477.6)** | (147.1) | (330.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Deferred Hedge Gains | 20 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 21 | **(93.8)** | (22.2) | (71.6) |
|  Total Deferred Tax Liabilities | 22 | **(651.2)** | (130.6) | (520.5) |
|  Net Deferred Tax Assets (Liabilities) [17 + 22] | 23 | **306.9** | 30.2 | 276.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effects related to Net Unrealized Losses (Gains) on Other Securities \* | 24 | **(477.6)** | (179.6) | (298.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effects related to Net Deferred Hedge Losses (Gains) | 25 | **398.2** | 177.2 | 220.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effects related to others | 26 | **386.3** | 32.6 | 353.7 |

---

\* Tax effects related to Net Unrealized Losses (Gains) on Other Securities is the amount after deducting Valuation Allowance. 

Assessment of Recoverability of Deferred Tax Assets is based on 19. Company Classification (Category 2) of "Revised Implementation Guidance on Recoverability of Deferred Tax Assets" (ASBJ Guidance No.26). Future taxable income was estimated using assumptions used in the Business Plan, etc.

*The above includes forward-looking information. See the disclaimer at the end of the table of contents located at the beginning of this document.* 

2-34

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*Mizuho Financial Group, Inc.*

**Mizuho Trust & Banking** 

**1. Estimate of future taxable income** 

---

| | | |
|:---|:---|:---|
|  | | ***(Billions of yen)*** |
|  | | **Total amount for<br>five years**<br>**(from April 1, 2026**<br>**to**<br>**March 31, 2031)** |
|  Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) | 1 | 265.8 |
|  Profit before Income Taxes | 2 | 339.2 |
|  Tax Adjustments \*1 | 3 | 1.9 |
|  Taxable Income before Current Deductible Temporary Differences \*2 | 4 | 341.1 |
|  Effective Statutory Tax Rate | 5 | 31.52% |
|  Deferred Tax Assets corresponding to Taxable Income before Current Deductible Temporary Differences [ 4 x 5 ] | 6 | 107.5 |

---

\*1. Tax Adjustments are estimated future book-tax differences under the provisions of the corporation tax law and others.

\*2. Taxable Income before Current Deductible Temporary Differences is an estimate of taxable income before adjusting deductible temporary differences as of March 31, 2026.

---

| | | |
|:---|:---|:---|
| (Reference) Past results of taxable income (tax loss)<br>|  |  |
|  | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  Fiscal 2021 |  | 33.2 |
|  Fiscal 2022 |  | 30.0 |
|  Fiscal 2023 |  | 29.4 |
|  Fiscal 2024 |  | 71.6 |
|  Fiscal 2025(estimate) |  | 131.4 |

---

---

| | |
|:---|:---|
| \*1. | Figures are taxable income (tax loss) amounts per the final corporation tax returns before deducting tax losses carried forward from prior years. Subsequent amendments have not been reflected.  |

---

\*2. Figure for fiscal 2025 is an estimate of taxable income.

**2. Breakdown of Deferred Tax Assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
|  | | **As of**<br>**March 31,<br>2026** | **Change** | **As of**<br>**March 31,<br>2025** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Loan Losses | 7 | **1.9** | (0.2) | 2.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of Securities | 8 | **1.8** | (1.7) | 3.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities Contributed to Employee Retirement Benefit Trust | 9 | **114** | (1.3) | 12.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Losses on Other Securities | 10 | **—** | (0) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and Impairment | 11 | **3.3** | (2.2) | 5.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Deferred Hedge Losses | 12 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax Losses Carried Forward | 13 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 14 | **6.6** | 1 | 5.6 |
|  Total Deferred Tax Assets | 15 | **25.3** | (4.5) | 29.8 |
|  Valuation Allowance | 16 | **(2.0)** | 1 | (3.1) |
|  Sub-Total [ 15 + 16 ] | 17 | **23.2** | (3.4) | 26.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount related to Retirement Benefits Accounting | 18 | **(17.4)** | 5.6 | (23.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Gains on Other Securities | 19 | **(28.0)** | (5.1) | (22.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Deferred Hedge Gains | 20 | **(1.0)** | 1.8 | (2.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 21 | **(0.5)** | (0.0) | (0.4) |
|  Total Deferred Tax Liabilities | 22 | **(47.0)** | 2.3 | (49.3) |
|  Net Deferred Tax Assets (Liabilities) [17 + 22] | 23 | **(23.8)** | (1.1) | (22.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effects related to Net Unrealized Losses (Gains) on Other Securities \* | 24 | **(28.0)** | (5.1) | (22.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effects related to Net Deferred Hedge Losses (Gains) | 25 | **(1.0)** | 1.8 | (2.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effects related to others | 26 | **5.3** | 2.1 | 3.1 |

---

\* Tax effects related to Net Unrealized Losses (Gains) on Other Securities is the amount after deducting Valuation Allowance. 

Assessment of Recoverability of Deferred Tax Assets is based on 19. Company Classification (Category 2) of "Revised Implementation Guidance on Recoverability of Deferred Tax Assets" (ASBJ Guidance No.26).

Future taxable income was estimated using assumptions used in the Business Plan, etc.

*The above includes forward-looking information. See the disclaimer at the end of the table of contents located at the beginning of this document.* 

2-35

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*Mizuho Financial Group, Inc.*

**<u>2. Breakdown of Deposits (Domestic Offices)</u>** 

**Non-Consolidated** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Billions of yen)*** | ***(Billions of yen)*** | ***(Billions of yen)*** |
| **Aggregate Figures for the 2 Banks** | **As of**<br>**March 31,<br>2026** | **Change** | **As of**<br>**March 31,<br>2025** |
|  Deposits | **126500.4** | 2400.5 | 124099.8 |
|  Individual Deposits | **49221.7** | 191.7 | 49030.0 |
|  Corporate Deposits | **68300.0** | 3491.8 | 64808.2 |
|  Financial/Government Institutions | **8978.5** | (1283.0) | 10261.5 |
| **Mizuho Bank** |  |  |  |
|  Deposits | **125136.8** | 2919.7 | 122217.0 |
|  Individual Deposits | **48570.9** | 236.8 | 48334.1 |
|  Corporate Deposits | **67726.1** | 3834.2 | 63891.8 |
|  Financial/Government Institutions | **8839.7** | (1151.3) | 9991.0 |
| **Mizuho Trust & Banking** |  |  |  |
|  Deposits | **1363.5** | (519.1) | 1882.7 |
|  Individual Deposits | **650.7** | (45.0) | 695.8 |
|  Corporate Deposits | **573.9** | (342.4) | 916.3 |
|  Financial/Government Institutions | **138.8** | (131.6) | 270.5 |

---

\* Above figures do not include deposits booked at overseas offices and offshore deposits.

2-36

------

*Mizuho Financial Group, Inc.*

**(Attachments)** 

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

**OF MIZUHO BANK** 

---

| | | | |
|:---|:---|:---|:---|
|  | ***(Millions of yen)*** | ***(Millions of yen)*** | ***(Millions of yen)*** |
|  | **As of**<br>**March 31, 2026 (A)** | **As of**<br>**March 31, 2025 (B)** | **Change**<br>**(A) - (B)** |
|  **Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and Due from Banks | ¥**59080362** | ¥69747184 | ¥(10666822) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Call Loans | **678825** | 249360 | 429464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables under Resale Agreements | **9218778** | 10023199 | (804420) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee Deposits Paid under Securities Borrowing Transactions | **137402** | 127638 | 9763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monetary Claims Bought | **576260** | 493032 | 83228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Assets | **9766056** | 7782207 | 1983848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Held in Trust | **500** | 505 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | **42655427** | 34405103 | 8250324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and Bills Discounted | **97625798** | 91615228 | 6010569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchanges | **2610072** | 2042083 | 567988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives other than for Trading Assets | **8290290** | 6066571 | 2223718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Assets | **5822896** | 5558146 | 264749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tangible Fixed Assets | **861568** | 855824 | 5743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible Fixed Assets | **546405** | 505728 | 40677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid Pension Cost | **252806** | 375645 | (122838) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Assets | **306924** | 276640 | 30284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customers'Liabilities for Acceptances and Guarantees | **13442049** | 11573662 | 1868387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Loan Losses | **(609891)** | (719269) | 109378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Investment Losses | **—** | (2) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | ¥**251262535** | ¥240978492 | ¥10284042 |
|  **Liabilities** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | ¥**160600608** | ¥153047861 | ¥7552747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Negotiable Certificates of Deposit | **12064547** | 14052123 | (1987575) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Call Money | **2568699** | 2169376 | 399323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payables under Repurchase Agreements | **14165093** | 19411662 | (5246569) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee Deposits Received under Securities Lending Transactions | **292689** | 356931 | (64242) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | **1921799** | 2138133 | (216333) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Liabilities | **7402184** | 5646893 | 1755291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowed Money | **15668322** | 12955564 | 2712757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchanges | **1352174** | 1061680 | 290493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds and Notes | **801202** | 407973 | 393228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives other than for Trading Liabilities | **9784858** | 7147566 | 2637292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Liabilities | **3938509** | 4115826 | (177316) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Bonus Payments | **64900** | 54510 | 10390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Variable Compensation | **883** | 587 | 295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Possible Losses on Sales of Loans | **6707** | 1266 | 5440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Contingencies | **7122** | 8616 | (1494) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Reimbursement of Deposits | **4850** | 6814 | (1963) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for Reimbursement of Debentures | **6850** | 19965 | (13115) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Tax Liabilities for Revaluation Reserve for Land | **45074** | 47059 | (1984) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acceptances and Guarantees | **13442049** | 11573662 | 1868387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | **244139128** | 234224077 | 9915051 |
|  **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 | **3042389** | 2715665 | 326723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Appropriated Reserve | **724535** | 624534 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Retained Earnings | **2317853** | 2091130 | 226723 |
| &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 | **2317853** | 2091130 | 226723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Shareholders' Equity** | **6705847** | 6379123 | 326723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Gains (Losses) on Other Securities, net of Taxes | **1186487** | 752993 | 433494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Deferred Hedge Gains (Losses), net of Taxes | **(863301)** | (476383) | (386917) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revaluation Reserve for Land, net of Taxes | **94373** | 98682 | (4309) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Valuation and Translation Adjustments** | **417559** | 375291 | 42267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Net Assets** | **7123406** | 6754415 | 368991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities and Net Assets** | ¥**251262535** | ¥240978492 | ¥10284042 |

---

2-37

------

*Mizuho Financial Group, Inc.*

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

**(selected items) OF MIZUHO BANK** 

---

| | | | |
|:---|:---|:---|:---|
|  | *(Millions of yen)* | *(Millions of yen)* | *(Millions of yen)* |
|  | **For the fiscal<br>year ended**<br>**March 31,<br>2026 (A)** | **For the fiscal<br>year ended**<br>**March 31,<br>2025 (B)** | **Change**<br>**(A) - (B)** |
|  **Ordinary Income** | ¥**6379476** | ¥6379900 | ¥(423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Income | **4778524** | 4921150 | (142625) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Loans and Bills Discounted* | ***2585754*** | *2553036* | *32717* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest and Dividends on Securities* | ***893032*** | *812548* | *80483* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Income | **749132** | 668693 | 80438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Income | **190928** | 269318 | (78390) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Operating Income | **248108** | 191649 | 56458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Income | **412782** | 329088 | 83694 |
|  **Ordinary Expenses** | **5380349** | 5643813 | (263463) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Expenses | **3425471** | 3852322 | (426850) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Interest on Deposits* | ***1581311*** | *1613715* | *(32403* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and Commission Expenses | **306094** | 261098 | 44995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Expenses | **3947** |  | 3947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Operating Expenses | **347787** | 375729 | (27942) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and Administrative Expenses | **998123** | 882552 | 115571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Ordinary Expenses | **298924** | 272110 | 26813 |
|  **Ordinary Profits** | **999127** | 736087 | 263040 |
|  **Extraordinary Gains** | **73639** | 49155 | 24483 |
|  **Extraordinary Losses** | **19843** | 26677 | (6834) |
|  **Profit before Income Taxes** | **1052924** | 758565 | 294358 |
|  Income Taxes: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current | **299525** | 218741 | 80783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refund of Income Taxes | **(20355** | (7387) | (12968) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred | **(48663** | (26282) | (22381) |
|  **Profit** | ¥**822419** | ¥573494 | ¥248925 |

---

2-38