Edgar Filing: MIZUHO FINANCIAL GROUP INC

Form 6-K

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 November 2012

Commission File Number 001-33098

Mizuho Financial Group, Inc.

(Translation of registrant’s name into English)

5-1, Marunouchi 2-chome

Chiyoda-ku, Tokyo 100-8333

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 x Form 40-F ¨

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

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

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨ No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82- .

SIGNATURES

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


Date: November 14, 2012

Mizuho Financial Group, Inc.

By:		/s/ Hideyuki Takahashi
Name:		Hideyuki Takahashi
Title:		Managing Director / CFO


For Immediate Release:

Financial Statements for the Second Quarter of Fiscal 2012

(Six months ended September 30, 2012)

<Under Japanese GAAP>


Company Name:	Mizuho Financial Group, Inc. (“MHFG”)	November 14, 2012

Stock Code Number (Japan):	8411
Stock Exchanges (Japan):	Tokyo Stock Exchange (First Section), Osaka Securities Exchange (First Section)
URL:	http://www.mizuho-fg.co.jp/english/


Representative:		Yasuhiro Sato President & CEO
For Inquiry:		Hisaaki Hirama General Manager of Accounting
Phone: +81-3-5224-2030


Filing of Shihanki Hokokusho (scheduled):	November 28, 2012	Trading Accounts: Established
Commencement of Dividend Payment (scheduled):	December 7, 2012


Supplementary Materials on Quarterly Results: Attached
IR Conference on Quarterly Results: Scheduled

Amounts less than one million yen are rounded down.

1. Financial Highlights for the Second Quarter (First Half) of Fiscal 2012

(for the six months ended September 30, 2012)

(1) Consolidated Results of Operations


	(%: Changes from the previous first half)
	Ordinary Income					Ordinary Profits					Net Income
	¥ million		%			¥ million		%			¥ million		%
1H F2012		1,447,821		7.6			285,747		11.4			184,276		(27.6	)
1H F2011		1,344,326		(7.2	)		256,467		(39.4	)		254,665		(25.4	)

Note: Comprehensive Income: 1H F2012: ¥181,738 million, 2.3%; 1H F2011: ¥177,529 million, (39.6)%


	Net Income per Share of Common Stock		Diluted Net Income per Share of Common Stock
	¥		¥
1H F2012		7.49		7.24
1H F2011		11.28		10.76

(2) Consolidated Financial Conditions


	Total Assets		Total Net Assets		Own Capital Ratio		Consolidated Capital Adequacy Ratio (BIS Standard)
	¥ million		¥ million		%		%
1H F2012		165,599,660		6,751,845		3.0		15.45
Fiscal 2011		165,360,501		6,869,295		2.9		15.50

Reference:

Own Capital:

As of September 30, 2012: ¥4,973,843 million; As of March 31, 2012: ¥4,909,437 million



Notes:	1.	Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Minority Interests) / Total Assets × 100
	2.	Consolidated Capital Adequacy Ratio (BIS Standard) is based on the “Standards for Bank Holding Company to Consider the Adequacy of Its Capital Based on Assets and Others Held by It and Its Subsidiaries Pursuant to Article 52-25 of the Banking Law” (Financial Services Agency Ordinance Announcement No. 20, March 27, 2006).
	3.	Consolidated Capital Adequacy Ratio (BIS) as of September 30, 2012 is a preliminary figure.

2. Cash Dividends for Shareholders of Common Stock


	Annual Cash Dividends per Share
	First Quarter-end		Second Quarter-end		Third Quarter-end		Fiscal Year-end		Total
	¥		¥		¥		¥		¥
Fiscal 2011		—		3.00		—		3.00		6.00
Fiscal 2012		—		3.00
Fiscal 2012 (estimate)						—		3.00		6.00


Notes:	1.	Revision of the latest announced estimates for cash dividends for shareholders of common stock: No

	2.	Please refer to the following “Cash Dividends for Shareholders of Classified Stock” for cash dividends for shareholders of classified stock (unlisted), the rights of which are different from those of common stock.

3. Consolidated Earnings Estimates for Fiscal 2012 (for the fiscal year ending March 31, 2013)


	(%: Changes from the previous fiscal year)
	Net Income				Net Income per Share of Common Stock
	¥ million		%		¥
Fiscal 2012		500,000		3.1		20.45


Notes:	1.	Revision of the latest announced earnings estimates for fiscal 2012: No
	2.	The number of shares of common stock used in the above calculation is based on the following:

•

The average of “the average number of shares during the 1H Fiscal 2012” and “the number of shares as of September 30, 2012 (which is expected to be the average number of shares during the 2H of fiscal 2012)” is used.

•

It does not take into account any increase in the number of shares of common stock due to requests for acquisition (conversion) of the Eleventh Series Class XI Preferred Stock in the 2H of fiscal 2012.

* Notes

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

(2) Changes in Accounting Policies and Accounting Estimates / Restatements

Changes in accounting policies due to revisions of accounting standards, etc.: Yes

‚ Changes in accounting policies other than above: No

ƒ Changes in accounting estimates: Yes

„ Restatements: No

(Note)

As changes during this period correpond to changes in accounting policies which are difficult to distinguish from changes in accounting estimates, “Changes in accounting policies due to revisions of accounting standards, etc.” and “Changes in accounting estimates” are presented with “Yes”. For more information, please refer to “(1) Changes in Accounting Policies and Accounting Estimates / Restatements” on page 2 of the attachment.

(3) Issued Shares of Common Stock


Period-end issued shares (including treasury stock):	As of September 30, 2012 As of March 31, 2012	24,056,154,457 shares 24,048,165,727 shares

‚ Period-end treasury stock:	As of September 30, 2012 As of March 31, 2012	22,956,973 shares 37,046,418 shares

ƒ Average number of outstanding shares:	1st Half of Fiscal 2012 1st Half of Fiscal 2011	24,026,109,898 shares 22,181,330,433 shares

Non-consolidated Financial Statements

1. Financial Highlights for the Second Quarter (First Half) of Fiscal 2012

(for the six months ended September 30, 2012)



(1) Non-Consolidated Results of Operations						(%: Changes from the previous first half)
	Operating Income					Operating Profits					Ordinary Profits					Net Income
	¥ million		%			¥ million		%			¥ million		%			¥ million		%
1H F2012		247,269		979.2			236,792		—			234,342		—			234,020		—
1H F2011		22,910		(29.7	)		12,502		(45.6	)		9,145		(45.4	)		9,050		(45.4	)

	Net Income per Share of Common Stock
	¥
1H F2012		9.56
1H F2011		0.21

(2) Non-Consolidated Financial Conditions


	Total Assets		Total Net Assets		Own Capital Ratio
	¥ million		¥ million		%
1H F2012		6,169,438		4,842,886		78.4
Fiscal 2011		6,128,424		4,688,334		76.4

Reference:

Own Capital:

As of September 30, 2012: ¥4,840,136 million; As of March 31, 2012: ¥4,686,175 million

(Presentation of Implementation Status of Interim Review Procedure)

The semi-annual audit procedure of consolidated and non-consolidated interim financial statements based on the Financial Instruments and Exchange Law has not been completed at the time of the disclosure of these Financial Statements.

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: incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline in our deferred tax assets; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our Medium-term Management Policy, realize the synergy effects of the transformation into “one bank,” and implement other strategic initiatives and measures effectively; the effectiveness of our operational, legal and other risk management policies; the effect of changes in general economic conditions in Japan and elsewhere; and changes to applicable laws and regulations.

Further information regarding factors that could affect our financial condition and results of operations is included in “Item 3.D. Key Information—Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) which is available in the Financial Information section of our web page at www.mizuho-fg.co.jp/english/ and also at the SEC’s web site at www.sec.gov.

We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our 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.

MHFG is a specified business company under “Cabinet Office Ordinance on Disclosure of Corporate Information, etc.” Article 17-15 clause 2 and prepares the interim consolidated and interim non-consolidated financial statements in the second quarter.

Cash Dividends for Shareholders of Classified Stock

Breakdown of cash dividends per share related to classified stock, the rights of which are different from those of common stock, is as follows:


	Annual Cash Dividends per Share
	First Quarter-end		Second Quarter-end		Third Quarter-end		Fiscal Year-end		Total
	¥		¥		¥		¥		¥
Eleventh Series Class XI Preferred Stock
Fiscal 2011		—		10.00		—		10.00		20.00
Fiscal 2012		—		10.00
Fiscal 2012 (estimate)						—		10.00		20.00
Thirteenth Series Class XIII Preferred Stock
Fiscal 2011		—		15.00		—		15.00		30.00
Fiscal 2012		—		15.00
Fiscal 2012 (estimate)						—		15.00		30.00

Mizuho Financial Group, Inc.

mContents of Attachment


1.	Matters Related to Summary Information (Notes)	p.2
	(1) Changes in Accounting Policies and Accounting Estimates / Restatements	p.2

2.	Interim Consolidated Financial Statements	p.3
	(1) Consolidated Balance Sheets	p.3
	(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income	p.5
	(3) Consolidated Statements of Changes in Net Assets	p.7
	(4) Note for Assumption of Going Concern	p.9

3.	Interim Non-Consolidated Financial Statements	p.10
	(1) Non-Consolidated Balance Sheets	p.10
	(2) Non-Consolidated Statements of Income	p.11
	(3) Non-Consolidated Statements of Changes in Net Assets	p.12
	(4) Note for Assumption of Going Concern	p.13

LOGO SELECTED FINANCIAL INFORMATION For the Second Quarter (First Half) of Fiscal 2012

[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.

A MHFG IR conference for institutional investors and analysts is scheduled for November 21 2012 (Wednesday). It will be broadcasted live on the Internet and its presentation materials will also be available for use by individual investors in the IR Information section of the Mizuho Financial Group HP immediately after the conference.

Mizuho Financial Group, Inc.

1. Matters Related to Summary Information (Notes)

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

(Changes in accounting policies which are difficult to distinguish from changes in accounting estimates)

Mizuho Financial Group and its domestic consolidated subsidiaries have applied the depreciation method based on the revised Corporation Tax Law to tangible fixed assets newly booked on or after April 1, 2012 beginning with this interim period, following the revision of the Corporation Tax Law. The effect of this application on the consolidated statement of income is immaterial.

Mizuho Financial Group, Inc.

2. Interim Consolidated Financial Statements

(1) Consolidated Balance Sheets


	*Millions of yen*
	As of March 31, 2012			As of September 30, 2012
Assets
Cash and Due from Banks	¥	7,278,477		¥	8,217,669
Call Loans and Bills Purchased		249,032			326,889
Receivables under Resale Agreements		7,123,397			8,813,278
Guarantee Deposits Paid under Securities Borrowing Transactions		6,406,409			6,446,602
Other Debt Purchased		1,542,062			1,378,582
Trading Assets		14,075,005			15,448,338
Money Held in Trust		71,414			72,907
Securities		51,392,878			48,551,986
Loans and Bills Discounted		63,800,509			63,650,211
Foreign Exchange Assets		1,016,665			1,038,653
Derivatives other than for Trading Assets		4,474,729			4,073,950
Other Assets		2,871,153			2,695,563
Tangible Fixed Assets		923,907			899,877
Intangible Fixed Assets		485,995			475,510
Deferred Tax Assets		359,987			437,489
Customers’ Liabilities for Acceptances and Guarantees		3,980,644			3,723,410
Reserves for Possible Losses on Loans		(691,760	)		(651,217	)
Reserve for Possible Losses on Investments		(10	)		(43	)

Total Assets	¥	165,360,501		¥	165,599,660

Mizuho Financial Group, Inc.


	*Millions of yen*
	As of March 31, 2012			As of September 30, 2012
Liabilities
Deposits	¥	78,811,909		¥	79,013,741
Negotiable Certificates of Deposit		11,824,746			12,394,561
Call Money and Bills Sold		5,668,929			5,660,219
Payables under Repurchase Agreements		12,455,152			14,079,596
Guarantee Deposits Received under Securities Lending Transactions		7,710,373			9,191,355
Commercial Paper		362,694			426,514
Trading Liabilities		8,215,668			7,992,452
Borrowed Money		14,763,870			11,803,697
Foreign Exchange Liabilities		233,184			167,989
Short-term Bonds		538,198			494,598
Bonds and Notes		4,783,180			4,855,663
Due to Trust Accounts		1,003,129			1,057,519
Derivatives other than for Trading Liabilities		4,288,356			3,549,842
Other Liabilities		3,610,067			4,214,724
Reserve for Bonus Payments		38,577			27,181
Reserve for Employee Retirement Benefits		36,053			36,956
Reserve for Director and Corporate Auditor Retirement Benefits		2,256			1,850
Reserve for Possible Losses on Sales of Loans		8			20
Reserve for Contingencies		24,559			14,526
Reserve for Reimbursement of Deposits		15,769			16,013
Reserve for Reimbursement of Debentures		20,193			24,515
Reserves under Special Laws		1,221			1,194
Deferred Tax Liabilities		19,219			17,085
Deferred Tax Liabilities for Revaluation Reserve for Land		83,243			82,586
Acceptances and Guarantees		3,980,644			3,723,410

Total Liabilities		158,491,206			158,847,814

Net Assets
Common Stock and Preferred Stock		2,254,972			2,254,972
Capital Surplus		1,109,783			1,109,508
Retained Earnings		1,405,066			1,513,862
Treasury Stock		(7,074	)		(4,716	)

Total Shareholders’ Equity		4,762,749			4,873,626

Net Unrealized Gains (Losses) on Other Securities		37,857			(33,425	)
Deferred Gains or Losses on Hedges		67,045			94,126
Revaluation Reserve for Land		144,635			143,449
Foreign Currency Translation Adjustments		(102,850	)		(103,933	)

Total Accumulated Other Comprehensive Income		146,687			100,216

Stock Acquisition Rights		2,158			2,749
Minority Interests		1,957,699			1,775,252

Total Net Assets		6,869,295			6,751,845

Total Liabilities and Net Assets	¥	165,360,501		¥	165,599,660

Mizuho Financial Group, Inc.

(2) Consolidated Statements of Income and

Consolidated Statements of Comprehensive Income

[Consolidated Statements of Income]


	*Millions of yen*
	For the six months ended September 30, 2011		For the six months ended September 30, 2012
Ordinary Income	¥	1,344,326	¥	1,447,821
Interest Income		693,324		694,989
Interest on Loans and Bills Discounted		435,294		440,615
Interest and Dividends on Securities		167,052		168,509
Fiduciary Income		24,507		23,913
Fee and Commission Income		267,300		270,722
Trading Income		87,688		122,453
Other Operating Income		187,294		246,823
Other Ordinary Income		84,210		88,920
Ordinary Expenses		1,087,858		1,162,074
Interest Expenses		158,175		161,963
Interest on Deposits		49,672		45,915
Interest on Debentures		339		—
Fee and Commission Expenses		55,968		56,257
Other Operating Expenses		55,429		36,631
General and Administrative Expenses		636,777		607,327
Other Ordinary Expenses		181,507		299,895

Ordinary Profits		256,467		285,747

Extraordinary Gains		91,443		974
Extraordinary Losses		4,277		9,307

Income before Income Taxes and Minority Interests		343,634		277,414

Income Taxes:
Current		21,043		128,456
Deferred		25,991		(77,383	)
Total Income Taxes		47,034		51,073
Net Income before Minority Interests		296,599		226,341
Minority Interests in Net Income		41,933		42,064

Net Income	¥	254,665	¥	184,276

Mizuho Financial Group, Inc.

[Consolidated Statements of Comprehensive Income]


	*Millions of yen*
	For the six months ended September 30, 2011			For the six months ended September 30, 2012
Income before Minority Interests	¥	296,599		¥	226,341
Other Comprehensive Income		(119,070	)		(44,602	)
Net Unrealized Gains (Losses) on Other Securities		(136,627	)		(70,559	)
Deferred Gains or Losses on Hedges		18,788			26,986
Revaluation Reserve for Land		—			(0	)
Foreign Currency Translation Adjustments		(516	)		(1,874	)
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method		(714	)		845

Comprehensive Income		177,529			181,738

Comprehensive Income Attributable to Owners of the Parent		143,034			138,991
Comprehensive Income Attributable to Minority Interests		34,495			42,747

Mizuho Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets


	*Millions of yen*
	For the six months ended September 30, 2011			For the six months ended September 30, 2012
Shareholders’ Equity
Common Stock and Preferred Stock
Balance as of the beginning of the period	¥	2,181,375		¥	2,254,972
Changes during the period
Issuance of New Shares		350			—
Increase in Stock due to Share Exchange		73,247			—

Total Changes during the period		73,597			—

Balance as of the end of the period		2,254,972			2,254,972

Capital Surplus
Balance as of the beginning of the period		937,680			1,109,783
Changes during the period
Issuance of New Shares		350			—
Increase in Stock due to Share Exchange		171,575			—
Disposition of Treasury Stock		173			(275	)

Total Changes during the period		172,099			(275	)

Balance as of the end of the period		1,109,779			1,109,508

Retained Earnings
Balance as of the beginning of the period		1,132,351			1,405,066
Changes during the period
Cash Dividends		(140,097	)		(76,322	)
Net Income		254,665			184,276
Disposition of Treasury Stock		(199	)		(344	)
Transfer from Revaluation Reserve for Land		2,618			1,185

Total Changes during the period		116,987			108,795

Balance as of the end of the period		1,249,339			1,513,862

Treasury Stock
Balance as of the beginning of the period		(3,196	)		(7,074	)
Changes during the period
Increase in Stock due to Share Exchange		(13,318	)		—
Repurchase of Treasury Stock		(2	)		(246	)
Disposition of Treasury Stock		3,804			2,603

Total Changes during the period		(9,515	)		2,357

Balance as of the end of the period	¥	(12,712	)	¥	(4,716	)

Mizuho Financial Group, Inc.


	*Millions of yen*
	For the six months ended September 30, 2011			For the six months ended September 30, 2012
Total Shareholders’ Equity
Balance as of the beginning of the period	¥	4,248,209		¥	4,762,749
Changes during the period
Issuance of New Shares		701			—
Increase in Stock due to Share Exchange		231,504			—
Cash Dividends		(140,097	)		(76,322	)
Net Income		254,665			184,276
Repurchase of Treasury Stock		(2	)		(246	)
Disposition of Treasury Stock		3,779			1,984
Transfer from Revaluation Reserve for Land		2,618			1,185

Total Changes during the period		353,168			110,877

Balance as of the end of the period		4,601,378			4,873,626

Accumulated Other Comprehensive Income
Net Unrealized Gains (Losses) on Other Securities
Balance as of the beginning of the period		(21,648	)		37,857
Changes during the period
Net Changes in Items other than Shareholders’ Equity		(130,732	)		(71,282	)

Total Changes during the period		(130,732	)		(71,282	)

Balance as of the end of the period		(152,381	)		(33,425	)

Deferred Gains or Losses on Hedges
Balance as of the beginning of the period		68,769			67,045
Changes during the period
Net Changes in Items other than Shareholders’ Equity		18,461			27,080

Total Changes during the period		18,461			27,080

Balance as of the end of the period		87,230			94,126

Revaluation Reserve for Land
Balance as of the beginning of the period		137,707			144,635
Changes during the period
Net Changes in Items other than Shareholders’ Equity		(2,618	)		(1,186	)

Total Changes during the period		(2,618	)		(1,186	)

Balance as of the end of the period	¥	135,088		¥	143,449

Mizuho Financial Group, Inc.


	*Millions of yen*
	For the six months ended September 30, 2011			For the six months ended September 30, 2012
Foreign Currency Translation Adjustments
Balance as of the beginning of the period	¥	(103,921	)	¥	(102,850	)
Changes during the period
Net Changes in Items other than Shareholders’ Equity		640			(1,082	)

Total Changes during the period		640			(1,082	)

Balance as of the end of the period		(103,281	)		(103,933	)

Total Accumulated Other Comprehensive Income
Balance as of the beginning of the period		80,906			146,687
Changes during the period
Net Changes in Items other than Shareholders’ Equity		(114,250	)		(46,470	)

Total Changes during the period		(114,250	)		(46,470	)

Balance as of the end of the period		(33,343	)		100,216

Stock Acquisition Rights
Balance as of the beginning of the period		2,754			2,158
Changes during the period
Net Changes in Items other than Shareholders’ Equity		(1,735	)		590

Total Changes during the period		(1,735	)		590

Balance as of the end of the period		1,019			2,749

Minority Interests
Balance as of the beginning of the period		2,292,128			1,957,699
Changes during the period
Net Changes in Items other than Shareholders’ Equity		(342,253	)		(182,447	)

Total Changes during the period		(342,253	)		(182,447	)

Balance as of the end of the period		1,949,875			1,775,252

Total Net Assets
Balance as of the beginning of the period		6,623,999			6,869,295
Changes during the period
Issuance of New Shares		701			—
Increase in Stock due to Share Exchange		231,504			—
Cash Dividends		(140,097	)		(76,322	)
Net Income		254,665			184,276
Repurchase of Treasury Stock		(2	)		(246	)
Disposition of Treasury Stock		3,779			1,984
Transfer from Revaluation Reserve for Land		2,618			1,185
Net Changes in Items other than Shareholders’ Equity		(458,238	)		(228,327	)

Total Changes during the period		(105,069	)		(117,449	)

Balance as of the end of the period	¥	6,518,929		¥	6,751,845

(4) Note for Assumption of Going Concern

There is no applicable information.

Mizuho Financial Group, Inc.

3. Interim Non-Consolidated Financial Statements

(1) Non-Consolidated Balance Sheets


	*Millions of yen*
	As of March 31, 2012			As of September 30, 2012
Assets
Current Assets
Cash and Due from Banks	¥	14,452		¥	17,634
Accounts Receivable		1,447			47,048
Other Current Assets		6,893			7,159
Total Current Assets		22,793			71,842
Fixed Assets
Tangible Fixed Assets		2,234			2,580
Intangible Fixed Assets		2,726			2,431
Investments		6,100,670			6,092,584
Investments in Subsidiaries and Affiliates		6,034,643			6,034,643
Other Investments		66,027			57,941
Total Fixed Assets		6,105,631			6,097,596

Total Assets	¥	6,128,424		¥	6,169,438

Liabilities
Current Liabilities
Short-term Borrowings	¥	741,070		¥	568,805
Short-term Bonds		440,000			500,000
Accrued Corporate Taxes		63			120
Reserve for Bonus Payments		280			268
Other Current Liabilities		5,791			6,621
Total Current Liabilities		1,187,205			1,075,814
Non-Current Liabilities
Bonds and Notes		240,000			240,000
Reserve for Employee Retirement Benefits		1,997			2,171
Asset Retirement Obligations		643			643
Other Non-Current Liabilities		10,244			7,922
Total Non-Current Liabilities		252,885			250,737

Total Liabilities		1,440,090			1,326,552

Net Assets
Shareholders’ Equity
Common Stock and Preferred Stock		2,254,972			2,254,972
Capital Surplus
Capital Reserve		1,194,864			1,194,864
Total Capital Surplus		1,194,864			1,194,864
Retained Earnings
Appropriated Reserve		4,350			4,350
Other Retained Earnings		1,230,688			1,388,014
Retained Earnings Brought Forward		1,230,688			1,388,014
Total Retained Earnings		1,235,038			1,392,364
Treasury Stock		(5,453	)		(4,361	)

Total Shareholders’ Equity		4,679,422			4,837,840

Valuation and Translation Adjustments
Net Unrealized Gains (Losses) on Other Securities, net of Taxes		6,753			2,296

Total Valuation and Translation Adjustments		6,753			2,296

Stock Acquisition Rights		2,158			2,749

Total Net Assets		4,688,334			4,842,886

Total Liabilities and Net Assets	¥	6,128,424		¥	6,169,438

Mizuho Financial Group, Inc.

(2) Non-Consolidated Statements of Income


	*Millions of yen*
	For the six months ended September 30, 2011		For the six months ended September 30, 2012
Operating Income	¥	22,910	¥	247,269
Operating Expenses
General and Administrative Expenses		10,408		10,476
Total Operating Expenses		10,408		10,476

Operating Profits		12,502		236,792

Non-Operating Income		5,856		5,892
Non-Operating Expenses		9,213		8,342

Ordinary Profits		9,145		234,342

Extraordinary Losses		1		0

Income before Income Taxes		9,144		234,341

Income Taxes:
Current		68		200
Deferred		25		121

Total Income Taxes		93		321

Net Income	¥	9,050	¥	234,020

Mizuho Financial Group, Inc.

(3) Non-Consolidated Statements of Changes in Net Assets


	*Millions of yen*
	For the six months ended September 30, 2011			For the six months ended September 30, 2012
Shareholders’ Equity
Common Stock and Preferred Stock
Balance as of the beginning of the period	¥	2,181,375		¥	2,254,972
Changes during the period
Issuance of New Shares		73,597			—

Total Changes during the period		73,597			—

Balance as of the end of the period		2,254,972			2,254,972

Capital Surplus
Capital Reserve
Balance as of the beginning of the period		1,025,651			1,194,864
Changes during the period
Issuance of New Shares		73,597			—
Increase in Stock due to Share Exchange		95,615			—

Total Changes during the period		169,213			—

Balance as of the end of the period		1,194,864			1,194,864

Total Capital Surplus
Balance as of the beginning of the period		1,025,651			1,194,864
Changes during the period
Issuance of New Shares		73,597			—
Increase in Stock due to Share Exchange		95,615			—

Total Changes during the period		169,213			—

Balance as of the end of the period		1,194,864			1,194,864

Retained Earnings
Appropriated Reserve
Balance as of the beginning of the period		4,350			4,350
Changes during the period
Total Changes during the period		—			—

Balance as of the end of the period		4,350			4,350

Other Retained Earnings
Retained Earnings Brought Forward
Balance as of the beginning of the period		1,437,204			1,230,688
Changes during the period
Cash Dividends		(140,097	)		(76,350	)
Net Income		9,050			234,020
Disposition of Treasury Stock		(199	)		(344	)

Total Changes during the period		(131,246	)		157,325

Balance as of the end of the period		1,305,957			1,388,014

Total Retained Earnings
Balance as of the beginning of the period		1,441,554			1,235,038
Changes during the period
Cash Dividends		(140,097	)		(76,350	)
Net Income		9,050			234,020
Disposition of Treasury Stock		(199	)		(344	)

Total Changes during the period		(131,246	)		157,325

Balance as of the end of the period	¥	1,310,307		¥	1,392,364

Mizuho Financial Group, Inc.


	*Millions of yen*
	For the six months ended September 30, 2011			For the six months ended September 30, 2012
Treasury Stock
Balance as of the beginning of the period	¥	(3,196	)	¥	(5,453	)
Changes during the period
Repurchase of Treasury Stock		(2	)		(2	)
Disposition of Treasury Stock		271			1,094

Total Changes during the period		268			1,091

Balance as of the end of the period		(2,928	)		(4,361	)

Total Shareholders’ Equity
Balance as of the beginning of the period		4,645,383			4,679,422
Changes during the period
Issuance of New Shares		147,195			—
Increase in Stock due to Share Exchange		95,615			—
Cash Dividends		(140,097	)		(76,350	)
Net Income		9,050			234,020
Repurchase of Treasury Stock		(2	)		(2	)
Disposition of Treasury Stock		71			749

Total Changes during the period		111,833			158,417

Balance as of the end of the period		4,757,217			4,837,840

Valuation and Translation Adjustments
Net Unrealized Gains (Losses) on Other Securities, net of Taxes
Balance as of the beginning of the period		5,713			6,753
Changes during the period
Net Changes in Items other than Shareholders’ Equity		(9,313	)		(4,456	)

Total Changes during the period		(9,313	)		(4,456	)

Balance as of the end of the period		(3,599	)		2,296

Stock Acquisition Rights
Balance as of the beginning of the period		1,786			2,158
Changes during the period
Net Changes in Items other than Shareholders’ Equity		(766	)		590

Total Changes during the period		(766	)		590

Balance as of the end of the period		1,019			2,749

Total Net Assets
Balance as of the beginning of the period		4,652,883			4,688,334
Changes during the period
Issuance of New Shares		147,195			—
Increase in Stock due to Share Exchange		95,615			—
Cash Dividends		(140,097	)		(76,350	)
Net Income		9,050			234,020
Repurchase of Treasury Stock		(2	)		(2	)
Disposition of Treasury Stock		71			749
Net Changes in Items other than Shareholders’ Equity		(10,079	)		(3,865	)

Total Changes during the period		101,753			154,551

Balance as of the end of the period	¥	4,754,636		¥	4,842,886

(4) Note for Assumption of Going Concern

There is no applicable information.

SELECTED FINANCIAL INFORMATION

For the Second Quarter (First Half) of Fiscal 2012

(Six months ended September 30, 2012)

<Under Japanese GAAP>

LOGO

Mizuho Financial Group, Inc.

C O N T E N T S

Notes:

“CON”: Consolidated figures of Mizuho Financial Group, Inc. (“MHFG”)

“NON”: Non-consolidated figures of Mizuho Bank, Ltd. (“MHBK”), Mizuho Corporate Bank, Ltd. (“MHCB”) and Mizuho Trust & Banking Co., Ltd. (“MHTB”)

“HC”: Non-consolidated figures of Mizuho Financial Group, Inc.


I. FINANCIAL DATA FOR THE FIRST HALF OF FISCAL 2012	*See above Notes*		*Page*

1. Income Analysis	CON	NON	1

2. Interest Margins (Domestic Operations)	NON		6

3. Use and Source of Funds	NON		7

4. Net Gains/Losses on Securities	NON		11

5. Unrealized Gains/Losses on Securities	CON	NON	13

6. Projected Redemption Amounts for Securities	NON		15

7. Overview of Derivative Transactions Qualifying for Hedge Accounting	NON		16

8. Employee Retirement Benefits	NON	CON	17

9. Capital Adequacy Ratio	CON		19

II. REVIEW OF CREDITS	*See above Notes*		*Page*

1. Status of Non-Accrual, Past Due & Restructured Loans	CON	NON	21

2. Status of Reserves for Possible Losses on Loans	CON	NON	23

3. Reserve Ratios for Non-Accrual, Past Due & Restructured Loans	CON	NON	24

4. Status of Disclosed Claims under the Financial Reconstruction Law (“FRL”)	CON	NON	25

5. Coverage on Disclosed Claims under the FRL	NON		27

6. Overview of Non-Performing Loans (“NPLs”)	NON		30

7. Results of Removal of NPLs from the Balance Sheet	NON		31

8. Status of Loans by Industry

(1) Outstanding Balances and Non-Accrual, Past Due & Restructured Loans by Industry	NON		33

(2) Disclosed Claims under the FRL and Coverage Ratio by Industry	NON		35

9. Housing and Consumer Loans & Loans to Small and Medium-Sized Enterprises

(“SMEs”) and Individual Customers

(1) Balance of Housing and Consumer Loans	NON		36

(2) Loans to SMEs and Individual Customers	NON		36

10. Status of Loans by Region

(1) Balance of Loans to Restructuring Countries	NON		37

(2) Outstanding Balances and Non-Accrual, Past Due & Restructured Loans by Region	NON		37

III. DEFERRED TAXES	*See above Notes*		*Page*

1. Change in Deferred Tax Assets, etc.	CON	NON	38

2. Estimation for Calculating Deferred Tax Assets	NON		39


IV. OTHERS	*See above Notes*		*Page*

1. Breakdown of Deposits (Domestic Offices)	NON			43

2. Number of Directors and Employees	HC	NON		44

3. Number of Branches and Offices	NON			45

4. Earnings Plan for Fiscal 2012	CON	NON		46

Attachments	*See above Notes*		*Page*

Mizuho Bank, Ltd.

Comparison of Non-Consolidated Balance Sheets (selected items)	NON			47

Comparison of Non-Consolidated Statements of Income (selected items)	NON			48

Non-Consolidated Statement of Changes in Net Assets	NON			49

Mizuho Corporate Bank, Ltd.

Comparison of Non-Consolidated Balance Sheets (selected items)	NON			50

Comparison of Non-Consolidated Statements of Income (selected items)	NON			51

Non-Consolidated Statement of Changes in Net Assets	NON			52

Mizuho Trust & Banking Co., Ltd.

Comparison of Non-Consolidated Balance Sheets (selected items)	NON			53

Comparison of Non-Consolidated Statements of Income (selected items)	NON			54

Non-Consolidated Statement of Changes in Net Assets	NON			55

Statement of Trust Assets and Liabilities	NON			56

Comparison of Balances of Principal Items	NON			57

Mizuho Financial Group, Inc.

I. FINANCIAL DATA FOR THE FIRST HALF OF FISCAL 2012

1. Income Analysis

Consolidated


		*(Millions of yen)*
		First Half of Fiscal 2012						First Half of Fiscal 2011
					Change			First Half of Fiscal 2011
Consolidated Gross Profits	1		1,104,049			113,507			990,542
Net Interest Income	2		533,026			(2,123	)		535,149
Fiduciary Income	3		23,913			(594	)		24,507
Credit Costs for Trust Accounts	4		—			—			—
Net Fee and Commission Income	5		214,464			3,133			211,331
Net Trading Income	6		122,453			34,764			87,688
Net Other Operating Income	7		210,192			78,327			131,864
General and Administrative Expenses	8		(607,327	)		29,449			(636,777	)
Personnel Expenses	9		(304,209	)		12,211			(316,420	)
Non-Personnel Expenses	10		(277,451	)		15,680			(293,132	)
Miscellaneous Taxes	11		(25,666	)		1,557			(27,223	)
Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Possible Losses on Loans)	12		(19,592	)		362			(19,954	)
Losses on Write-offs of Loans	13		*(19,623*	)		(297	)		(19,326	)
Reversal of Reserves for Possible Losses on Loans, etc.	14		25,548			(7,650	)		33,198
Net Gains (Losses) related to Stocks	15		(227,596	)		(166,980	)		(60,616	)
Equity in Income from Investments in Affiliates	16		5,519			5,436			82
Other	17		5,146			55,153			(50,007	)

Ordinary Profits	18		285,747			29,279			256,467

Net Extraordinary Gains (Losses)	19		(8,332	)		(95,499	)		87,166
Gains on Negative Goodwill Incurred	20		—			(91,180	)		91,180
Income before Income Taxes and Minority Interests	21		277,414			(66,219	)		343,634
Income Taxes - Current	22		(128,456	)		(107,412	)		(21,043	)
- Deferred	23		77,383			103,374			(25,991	)
Net Income before Minority Interests	24		226,341			(70,258	)		296,599
Minority Interests in Net Income	25		(42,064	)		(131	)		(41,933	)

Net Income	26		184,276			(70,389	)		254,665


Credit-related Costs (including Credit Costs for Trust Accounts)	27		5,955			(7,288	)		13,244
* Credit-related Costs [27] = Expenses related to Portfolio Problems (including Reversal of (Provision for) General Reserve for Possible Losses on Loans) [12] + Reversal of Reserves for Possible Losses on Loans, etc. [14] + Credit Costs for Trust Accounts [4]

(Reference)
Consolidated Net Business Profits	28		499,349			147,923			351,426

* Consolidated Net Business Profits [28] = Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments

Number of consolidated subsidiaries	29		148			(5	)		153
Number of affiliates under the equity method	30		22			(1	)		23

Mizuho Financial Group, Inc.

Aggregated Figures of the 3 Banks

Non-Consolidated


		*(Millions of yen)*
		First Half of Fiscal 2012															First Half of Fiscal 2011
		MHBK			MHCB			MHTB			Aggregated Figures			Change			First Half of Fiscal 2011
Gross Profits	1		434,222			386,728			59,239			880,189			87,882			792,307
Domestic Gross Profits	2		356,455			166,975			55,803			579,233			48,755			530,478
Net Interest Income	3		247,647			95,998			19,590			363,236			(16,648	)		379,885
Fiduciary Income	4								23,583			23,583			(659	)		24,242
Trust Fees for Loan Trust and Jointly Operated Designated Money Trust	5								*1,463*			*1,463*			(106	)		1,570
Credit Costs for Trust Accounts*	6								—			—			—			—
Net Fee and Commission Income	7		69,386			26,564			8,249			104,200			7,812			96,387
Net Trading Income	8		2,189			11,295			1,922			15,407			4,752			10,654
Net Other Operating Income	9		37,232			33,116			2,457			72,806			53,496			19,309
International Gross Profits	10		77,766			219,753			3,436			300,955			39,127			261,828
Net Interest Income	11		14,048			96,891			1,589			112,529			8,341			104,188
Net Fee and Commission Income	12		5,942			37,952			(176	)		43,718			4,680			39,037
Net Trading Income	13		21,287			9,938			(1,256	)		29,969			9,099			20,870
Net Other Operating Income	14		36,487			74,970			3,280			114,738			17,006			97,732
General and Administrative Expenses (excluding Non-Recurring Losses)	15		(265,123	)		(114,493	)		(37,118	)		(416,735	)		16,038			(432,774	)
Expense Ratio	16		*61.0*	%		*29.6*	%		*62.6*	%		*47.3*	%		(7.2	%)		54.6	%
Personnel Expenses	17		(91,123	)		(46,801	)		(16,946	)		(154,872	)		2,483			(157,355	)
Non-Personnel Expenses	18		(159,285	)		(62,138	)		(18,985	)		(240,409	)		12,061			(252,471	)
Premium for Deposit Insurance	19		*(19,747*	)		*(3,006*	)		*(948*	)		*(23,702*	)		4,403			(28,105	)
Miscellaneous Taxes	20		(14,714	)		(5,553	)		(1,186	)		(21,454	)		1,493			(22,947	)

Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans)	21		169,098			272,234			22,120			463,453			103,921			359,532
Excluding Net Gains (Losses) related to Bonds	22		*99,818*			*170,284*			*16,299*			*286,402*			8,621			277,780

Reversal of (Provision for) General Reserve for Possible Losses on Loans	23		—			(3,100	)		—			(3,100	)		3,940			(7,040	)

Net Business Profits	24		169,098			269,134			22,120			460,353			107,861			352,492
Net Gains (Losses) related to Bonds	25		*69,280*			*101,949*			*5,820*			*177,051*			95,299			81,751

Net Non-Recurring Gains (Losses)	26		(108,915	)		(174,080	)		(19,264	)		(302,259	)		(169,188	)		(133,071	)
Net Gains (Losses) related to Stocks	27		(95,655	)		(162,411	)		(16,411	)		(274,477	)		(207,203	)		(67,274	)
Expenses related to Portfolio Problems	28		(11,351	)		(5,132	)		(258	)		(16,743	)		(8,824	)		(7,918	)
Reversal of Reserves for Possible Losses on Loans, etc.	29		13,809			5,374			1,477			20,662			(2,785	)		23,447
Other	30		(15,718	)		(11,911	)		(4,071	)		(31,700	)		49,625			(81,325	)

Ordinary Profits	31		60,183			95,053			2,856			158,093			(61,327	)		219,420

Net Extraordinary Gains (Losses)	32		(1,907	)		(1,497	)		(427	)		(3,832	)		26,306			(30,139	)
Net Gains (Losses) on Disposition of Fixed Assets	33		*(1,387*	)		75			*(408*	)		*(1,719*	)		(338	)		(1,381	)
Losses on Impairment of Fixed Assets	34		*(520*	)		*(1,572*	)		*(19*	)		*(2,112*	)		(1,083	)		(1,029	)
Income before Income Taxes	35		58,275			93,556			2,428			154,260			(35,020	)		189,281
Income Taxes - Current	36		(43,447	)		(71,217	)		(3,507	)		(118,172	)		(106,191	)		(11,980	)
- Deferred	37		6,010			68,095			3,043			77,148			101,961			(24,812	)

Net Income	38		20,838			90,433			1,964			113,236			(39,251	)		152,488

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

Credit-related Costs	39		2,457			(2,858	)		1,218			818			(7,670	)		8,488
* Credit-related Costs [39] = Expenses related to Portfolio Problems [28] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [23] + Reversal of Reserves for Possible Losses on Loans, etc. [29] + Credit Costs for Trust Accounts [6]

(Reference) Breakdown of Credit-related Costs
Credit Costs for Trust Accounts	40								—			—			—			—
Reversal of (Provision for) General Reserve for Possible Losses on Loans	41		18,900			(3,100	)		1,773			17,573			11,057			6,515
Losses on Write-offs of Loans	42		(5,633	)		2,458			(258	)		(3,433	)		(2,297	)		(1,136	)
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans	43		(10,781	)		(2,350	)		(531	)		(13,663	)		(17,624	)		3,961
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries	44		—			(0	)		0			(0	)		(1	)		1
Reversal of (Provision for) Reserve for Contingencies	45		—			334			234			569			671			(101	)
Other (including Losses on Sales of Loans)	46		(27	)		(200	)		—			(227	)		523			(751	)
Total	47		2,457			(2,858	)		1,218			818			(7,670	)		8,488

Mizuho Financial Group, Inc.

Mizuho Bank

Non-Consolidated


		*(Millions of yen)*
		First Half of Fiscal 2012						First Half of Fiscal 2011
					Change			First Half of Fiscal 2011
Gross Profits	1		434,222			52,003			382,218
Domestic Gross Profits	2		356,455			14,704			341,751
Net Interest Income	3		247,647			(17,246	)		264,893
Net Fee and Commission Income	4		69,386			7,724			61,662
Net Trading Income	5		2,189			(566	)		2,755
Net Other Operating Income	6		37,232			24,792			12,440
International Gross Profits	7		77,766			37,299			40,467
Net Interest Income	8		14,048			6,298			7,750
Net Fee and Commission Income	9		5,942			690			5,252
Net Trading Income	10		21,287			(4,153	)		25,440
Net Other Operating Income	11		36,487			34,464			2,023
General and Administrative Expenses (excluding Non-Recurring Losses)	12		(265,123	)		11,140			(276,263	)
Expense Ratio	13		*61.0*	%		(11.2	%)		72.2	%
Personnel Expenses	14		(91,123	)		4,316			(95,439	)
Non-Personnel Expenses	15		(159,285	)		5,606			(164,892	)
Premium for Deposit Insurance	16		*(19,747*	)		3,443			(23,191	)
Miscellaneous Taxes	17		(14,714	)		1,218			(15,932	)

Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans)	18		169,098			63,143			105,954
Excluding Net Gains (Losses) related to Bonds	19		*99,818*			10,837			88,980

Reversal of (Provision for) General Reserve for Possible Losses on Loans	20		—			—			—

Net Business Profits	21		169,098			63,143			105,954
Net Gains (Losses) related to Bonds	22		*69,280*			52,305			16,974

Net Non-Recurring Gains (Losses)	23		(108,915	)		(57,165	)		(51,749	)
Net Gains (Losses) related to Stocks	24		(95,655	)		(90,462	)		(5,192	)
Expenses related to Portfolio Problems	25		(11,351	)		2,547			(13,899	)
Reversal of Reserves for Possible Losses on Loans, etc.	26		13,809			(7,583	)		21,393
Other	27		(15,718	)		38,332			(54,050	)

Ordinary Profits	28		60,183			5,977			54,205

Net Extraordinary Gains (Losses)	29		(1,907	)		27,579			(29,487	)
Net Gains (Losses) on Disposition of Fixed Assets	30		*(1,387*	)		(468	)		(918	)
Losses on Impairment of Fixed Assets	31		*(520*	)		320			(841	)
Income before Income Taxes	32		58,275			33,557			24,718
Income Taxes - Current	33		(43,447	)		(43,228	)		(219	)
- Deferred	34		6,010			12,904			(6,894	)

Net Income	35		20,838			3,234			17,604


Credit-related Costs	36		2,457			(5,035	)		7,493
* Credit-related Costs [36] = Expenses related to Portfolio Problems [25] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [20] + Reversal of Reserves for Possible Losses on Loans, etc. [26]

(Reference) Breakdown of Credit-related Costs
Reversal of (Provision for) General Reserve for Possible Losses on Loans	37		18,900			6,543			12,356
Losses on Write-offs of Loans	38		(5,633	)		(3,576	)		(2,057	)
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans	39		(10,781	)		(8,695	)		(2,086	)
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries	40		—			—			—
Reversal of (Provision for) Reserve for Contingencies	41		—			—			—
Other (including Losses on Sales of Loans)	42		(27	)		692			(719	)
Total	43		2,457			(5,035	)		7,493

Mizuho Financial Group, Inc.

Mizuho Corporate Bank

Non-Consolidated


		*(Millions of yen)*
		First Half of Fiscal 2012						First Half of Fiscal 2011
					Change			First Half of Fiscal 2011
Gross Profits	1		386,728			38,994			347,734
Domestic Gross Profits	2		166,975			34,771			132,203
Net Interest Income	3		95,998			492			95,506
Net Fee and Commission Income	4		26,564			956			25,607
Net Trading Income	5		11,295			5,252			6,043
Net Other Operating Income	6		33,116			28,070			5,046
International Gross Profits	7		219,753			4,222			215,530
Net Interest Income	8		96,891			2,355			94,535
Net Fee and Commission Income	9		37,952			4,107			33,844
Net Trading Income	10		9,938			13,681			(3,743	)
Net Other Operating Income	11		74,970			(15,923	)		90,893
General and Administrative Expenses (excluding Non-Recurring Losses)	12		(114,493	)		2,340			(116,834	)
Expense Ratio	13		*29.6*	%		(3.9	%)		33.5	%
Personnel Expenses	14		(46,801	)		(2,774	)		(44,026	)
Non-Personnel Expenses	15		(62,138	)		4,861			(66,999	)
Premium for Deposit Insurance	16		*(3,006*	)		699			(3,705	)
Miscellaneous Taxes	17		(5,553	)		253			(5,807	)

Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans)	18		272,234			41,334			230,899
Excluding Net Gains (Losses) related to Bonds	19		*170,284*			(2,333	)		172,617

Reversal of (Provision for) General Reserve for Possible Losses on Loans	20		(3,100	)		3,940			(7,040	)

Net Business Profits	21		269,134			45,274			223,859
Net Gains (Losses) related to Bonds	22		*101,949*			43,668			58,281

Net Non-Recurring Gains (Losses)	23		(174,080	)		(101,190	)		(72,889	)
Net Gains (Losses) related to Stocks	24		(162,411	)		(102,970	)		(59,440	)
Expenses related to Portfolio Problems	25		(5,132	)		(11,283	)		6,150
Reversal of Reserves for Possible Losses on Loans, etc.	26		5,374			3,798			1,576
Other	27		(11,911	)		9,265			(21,176	)

Ordinary Profits	28		95,053			(55,915	)		150,969

Net Extraordinary Gains (Losses)	29		(1,497	)		(874	)		(622	)
Net Gains (Losses) on Disposition of Fixed Assets	30		75			512			(437	)
Losses on Impairment of Fixed Assets	31		*(1,572*	)		(1,387	)		(185	)
Income before Income Taxes	32		93,556			(56,790	)		150,346
Income Taxes - Current	33		(71,217	)		(59,461	)		(11,756	)
- Deferred	34		68,095			81,561			(13,466	)

Net Income	35		90,433			(34,689	)		125,123


Credit-related Costs	36		(2,858	)		(3,544	)		686
* Credit-related Costs [36] = Expenses related to Portfolio Problems [25] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [20] + Reversal of Reserves for Possible Losses on Loans, etc. [26]

(Reference) Breakdown of Credit-related Costs
Reversal of (Provision for) General Reserve for Possible Losses on Loans	37		(3,100	)		3,940			(7,040	)
Losses on Write-offs of Loans	38		2,458			1,368			1,090
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans	39		(2,350	)		(9,128	)		6,778
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries	40		(0	)		(1	)		1
Reversal of (Provision for) Reserve for Contingencies	41		334			445			(110	)
Other (including Losses on Sales of Loans)	42		(200	)		(168	)		(32	)
Total	43		(2,858	)		(3,544	)		686

Mizuho Financial Group, Inc.

Mizuho Trust & Banking

Non-Consolidated


		*(Millions of yen)*
		First Half of Fiscal 2012						First Half of Fiscal 2011
					Change			First Half of Fiscal 2011
Gross Profits	1		59,239			(3,115	)		62,354
Domestic Gross Profits	2		55,803			(720	)		56,524
Net Interest Income	3		19,590			105			19,485
Fiduciary Income	4		23,583			(659	)		24,242
Trust Fees for Loan Trust and Jointly Operated Designated Money Trust	5		*1,463*			(106	)		1,570
Credit Costs for Trust Accounts *	6		—			—			—
Net Fee and Commission Income	7		8,249			(867	)		9,117
Net Trading Income	8		1,922			66			1,856
Net Other Operating Income	9		2,457			634			1,822
International Gross Profits	10		3,436			(2,394	)		5,830
Net Interest Income	11		1,589			(313	)		1,902
Net Fee and Commission Income	12		(176	)		(117	)		(59	)
Net Trading Income	13		(1,256	)		(429	)		(826	)
Net Other Operating Income	14		3,280			(1,534	)		4,814
General and Administrative Expenses (excluding Non-Recurring Losses)	15		(37,118	)		2,557			(39,676	)
Expense Ratio	16		*62.6*	%		(0.9	%)		63.6	%
Personnel Expenses	17		(16,946	)		942			(17,889	)
Non-Personnel Expenses	18		(18,985	)		1,593			(20,579	)
Premium for Deposit Insurance	19		*(948*	)		260			(1,208	)
Miscellaneous Taxes	20		(1,186	)		21			(1,207	)

Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans)	21		22,120			(557	)		22,677
Excluding Net Gains (Losses) related to Bonds	22		*16,299*			117			16,182

Reversal of (Provision for) General Reserve for Possible Losses on Loans	23		—			—			—

Net Business Profits	24		22,120			(557	)		22,677
Net Gains (Losses) related to Bonds	25		*5,820*			(674	)		6,495

Net Non-Recurring Gains (Losses)	26		(19,264	)		(10,832	)		(8,432	)
Net Gains (Losses) related to Stocks	27		(16,411	)		(13,769	)		(2,641	)
Expenses related to Portfolio Problems	28		(258	)		(89	)		(169	)
Reversal of Reserves for Possible Losses on Loans, etc.	29		1,477			999			477
Other	30		(4,071	)		2,027			(6,098	)

Ordinary Profits	31		2,856			(11,389	)		14,245

Net Extraordinary Gains (Losses)	32		(427	)		(398	)		(28	)
Net Gains (Losses) on Disposition of Fixed Assets	33		*(408*	)		(382	)		(25	)
Losses on Impairment of Fixed Assets	34		*(19*	)		(16	)		(2	)
Income before Income Taxes	35		2,428			(11,788	)		14,217
Income Taxes - Current	36		(3,507	)		(3,502	)		(4	)
- Deferred	37		3,043			7,494			(4,451	)

Net Income	38		1,964			(7,796	)		9,760

________ * Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans) excludes the amounts of “Credit Costs for Trust Accounts” [6].
Credit-related Costs	39		1,218			910			308
________ * Credit-related Costs [39] = Expenses related to Portfolio Problems [28] + Reversal of (Provision for) General Reserve for Possible Losses on Loans [23] + Reversal of Reserves for Possible Losses on Loans, etc. [29] + Credit Costs for Trust Accounts [6]

(Reference) Breakdown of Credit-related Costs
Credit Costs for Trust Accounts	40		—			—			—
Reversal of (Provision for) General Reserve for Possible Losses on Loans	41		1,773			573			1,200
Losses on Write-offs of Loans	42		(258	)		(89	)		(169	)
Reversal of (Provision for) Specific Reserve for Possible Losses on Loans	43		(531	)		199			(731	)
Reversal of (Provision for) Reserve for Possible Losses on Loans to Restructuring Countries	44		0			0			0
Reversal of (Provision for) Reserve for Contingencies	45		234			226			8
Other (including Losses on Sales of Loans)	46		—			—			—

Total	47		1,218			910			308

Mizuho Financial Group, Inc.

2. Interest Margins (Domestic Operations)

Non-Consolidated


				*(%)*
				First Half of Fiscal 2012						First Half of Fiscal 2011
Aggregated Figures of MHBK and MHCB							Change
Return on Interest-Earning Assets			1		0.79			(0.07	)		0.87
Return on Loans and Bills Discounted			2		1.19			(0.06	)		1.26
Return on Securities			3		0.45			(0.03	)		0.49
Cost of Funding (including Expenses)			4		0.74			(0.06	)		0.81
Cost of Deposits and Debentures (including Expenses)			5		0.90			(0.06	)		0.97
Cost of Deposits and Debentures			6		*0.06*			(0.00	)		0.07
Cost of Other External Liabilities			7		0.24			(0.01	)		0.25
Net Interest Margin	(1	)-(4)	8		0.04			(0.00	)		0.05
Loan and Deposit Rate Margin (including Expenses)	(2	)-(5)	9		0.29			0.00			0.29
Loan and Deposit Rate Margin	(2	)-(6)	10		1.13			(0.05	)		1.18
__________ * Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG). * Deposits and Debentures include Negotiable Certificates of Deposit (“NCDs”).

(Reference) After excluding loans to Deposit Insurance Corporation of Japan and Japanese government
Return on Loans and Bills Discounted			11		1.33			(0.06	)		1.39
Loan and Deposit Rate Margin (including Expenses)	(11	)-(5)	12		0.42			0.00			0.42
Loan and Deposit Rate Margin	(11	)-(6)	13		1.26			(0.05	)		1.32

Mizuho Bank
Return on Interest-Earning Assets			14		0.82			(0.10	)		0.93
Return on Loans and Bills Discounted			15		1.34			(0.07	)		1.41
Return on Securities			16		0.35			(0.07	)		0.43
Cost of Funding (including Expenses)			17		0.83			(0.08	)		0.91
Cost of Deposits and Debentures (including Expenses)			18		0.92			(0.06	)		0.99
Cost of Deposits and Debentures			19		*0.05*			(0.01	)		0.06
Cost of Other External Liabilities			20		0.17			(0.02	)		0.19
Net Interest Margin	(14	)-(17)	21		(0.00	)		(0.02	)		0.01
Loan and Deposit Rate Margin (including Expenses)	(15	)-(18)	22		0.41			(0.00	)		0.42
Loan and Deposit Rate Margin	(15	)-(19)	23		1.28			(0.05	)		1.34

(Reference) After excluding loans to Deposit Insurance Corporation of Japan and Japanese government
Return on Loans and Bills Discounted			24		1.54			(0.06	)		1.61
Loan and Deposit Rate Margin (including Expenses)	(24	)-(18)	25		0.62			0.00			0.61
Loan and Deposit Rate Margin	(24	)-(19)	26		1.49			(0.05	)		1.54

Mizuho Corporate Bank
Return on Interest-Earning Assets			27		0.74			(0.02	)		0.77
Return on Loans and Bills Discounted			28		0.93			(0.04	)		0.98
Return on Securities			29		0.61			0.03			0.57
Cost of Funding (including Expenses)			30		0.59			(0.05	)		0.64
Cost of Deposits and Debentures (including Expenses)			31		0.84			(0.05	)		0.89
Cost of Deposits and Debentures			32		*0.10*			0.00			0.09
Cost of Other External Liabilities			33		0.27			(0.00	)		0.28
Net Interest Margin	(27	)-(30)	34		0.15			0.02			0.12
Loan and Deposit Rate Margin (including Expenses)	(28	)-(31)	35		0.09			0.00			0.08
Loan and Deposit Rate Margin	(28	)-(32)	36		0.82			(0.05	)		0.88

(Reference) After excluding loans to Deposit Insurance Corporation of Japan and Japanese government
Return on Loans and Bills Discounted			37		0.97			(0.05	)		1.02
Loan and Deposit Rate Margin (including Expenses)	(37	)-(31)	38		0.13			0.00			0.12
Loan and Deposit Rate Margin	(37	)-(32)	39		0.87			(0.05	)		0.93

Mizuho Trust & Banking (3 domestic accounts)
Return on Interest-Earning Assets			40		0.91			(0.06	)		0.97
Return on Loans and Bills Discounted			41		1.17			(0.11	)		1.28
Return on Securities			42		0.75			0.07			0.67
Cost of Funding			43		0.18			(0.07	)		0.26
Cost of Deposits			44		0.12			(0.05	)		0.18
Net Interest Margin	(40	)-(43)	45		0.72			0.00			0.71
Loan and Deposit Rate Margin	(41	)-(44)	46		1.05			(0.05	)		1.10

__________

*	3 domestic accounts = banking accounts (domestic operations) + trust accounts with contracts indemnifying the principal amounts (loan trusts + jointly-managed money trusts).

*	Deposits include NCDs.

Mizuho Financial Group, Inc.

3. Use and Source of Funds

Non-Consolidated

Aggregated Figures of MHBK and MHCB

(Millions of yen, %)

First Half of Fiscal 2012

First Half of Fiscal 2011

Change

(Total)

Average
Balance

Rate

Average Balance

Rate

Average Balance

Rate

Use of Funds

129,450,788

0.96

7,882,012

(0.08

)

121,568,775

1.05

Loans and Bills Discounted

59,842,380

1.30

1,608,559

(0.02

)

58,233,820

1.33

Securities

49,010,439

0.65

4,619,955

(0.07

)

44,390,483

0.72

Source of Funds

128,717,208

0.27

7,238,647

(0.02

)

121,478,561

0.29

Deposits

75,379,485

0.10

606,680

(0.01

)

74,772,805

0.11

NCDs

12,238,094

0.23

1,778,989

0.01

10,459,104

0.21

Debentures

—

(156,330

)

(0.43

)

156,330

0.43

Call Money

13,990,403

0.26

737,768

(0.01

)

13,252,635

0.27

Payables under Repurchase Agreements

4,738,768

0.22

590,078

(0.01

)

4,148,690

0.23

Bills Sold

—

Commercial Paper

—

Borrowed Money

12,533,360

0.84

2,072,822

(0.20

)

10,460,538

1.05

(Domestic Operations)

Use of Funds

105,714,214

0.79

4,017,513

(0.07

)

101,696,701

0.87

Loans and Bills Discounted

48,423,234

1.19

(259,460

)

(0.06

)

48,682,694

1.26

Securities

39,294,677

0.45

1,922,570

(0.03

)

37,372,106

0.49

Source of Funds

104,989,256

0.15

3,503,315

(0.01

)

101,485,940

0.16

Deposits

65,119,908

0.05

684,777

(0.00

)

64,435,131

0.06

NCDs

9,416,321

0.10

577,682

(0.00

)

8,838,638

0.10

Debentures

—

(156,330

)

(0.43

)

156,330

0.43

Call Money

13,271,338

0.25

339,375

(0.00

)

12,931,962

0.25

Payables under Repurchase Agreements

445,432

0.12

(121,066

)

0.00

566,499

0.12

Bills Sold

—

Commercial Paper

—

Borrowed Money

9,834,027

0.23

1,966,285

(0.03

)

7,867,741

0.26

(International Operations)

Use of Funds

27,546,211

1.51

4,632,248

(0.20

)

22,913,963

1.72

Loans and Bills Discounted

11,419,145

1.77

1,868,019

0.06

9,551,125

1.71

Securities

9,715,762

1.42

2,697,385

(0.47

)

7,018,377

1.90

Source of Funds

27,537,590

0.71

4,503,081

(0.11

)

23,034,509

0.82

Deposits

10,259,577

0.39

(78,096

)

(0.02

)

10,337,673

0.42

NCDs

2,821,772

0.66

1,201,306

(0.14

)

1,620,466

0.80

Debentures

—

Call Money

719,064

0.38

398,392

(0.44

)

320,672

0.83

Payables under Repurchase Agreements

4,293,336

0.23

711,144

(0.02

)

3,582,191

0.25

Bills Sold

—

Commercial Paper

—

Borrowed Money

2,699,333

3.06

106,536

(0.35

)

2,592,796

3.42

Mizuho Financial Group, Inc.

Mizuho Bank

(Millions of yen, %)

First Half of Fiscal 2012

First Half of Fiscal 2011

Change

(Total)

Average Balance

Rate

Average Balance

Rate

Average Balance

Rate

Use of Funds

70,405,898

0.86

4,689,816

(0.10

)

65,716,082

0.96

Loans and Bills Discounted

31,938,724

1.32

(409,555

)

(0.06

)

32,348,280

1.38

Securities

25,933,995

0.45

4,172,766

(0.06

)

21,761,229

0.52

Source of Funds

71,374,908

0.12

4,774,490

(0.01

)

66,600,417

0.13

Deposits

57,437,075

0.05

1,457,786

(0.01

)

55,979,288

0.06

NCDs

1,666,598

0.06

129,072

(0.01

)

1,537,526

0.08

Debentures

—

(156,330

)

(0.43

)

156,330

0.43

Call Money

1,374,044

0.08

85,921

0.00

1,288,123

0.08

Payables under Repurchase Agreements

0.09

(646

)

0.00

659

0.09

Bills Sold

—

Commercial Paper

—

Borrowed Money

7,160,469

0.40

1,877,174

(0.16

)

5,283,295

0.57

(Domestic Operations)

Use of Funds

66,680,727

0.82

3,683,632

(0.10

)

62,997,094

0.93

Loans and Bills Discounted

31,106,908

1.32

(452,203

)

(0.06

)

31,559,111

1.39

Securities

23,188,048

0.35

2,867,104

(0.07

)

20,320,943

0.43

Source of Funds

67,612,456

0.08

3,677,189

(0.01

)

63,935,266

0.09

Deposits

56,390,150

0.05

1,497,450

(0.01

)

54,892,699

0.06

NCDs

1,666,590

0.06

130,296

(0.01

)

1,536,294

0.08

Debentures

—

(156,330

)

(0.43

)

156,330

0.43

Call Money

1,374,044

0.08

86,384

0.00

1,287,659

0.08

Payables under Repurchase Agreements

0.09

(646

)

0.00

659

0.09

Bills Sold

—

Commercial Paper

—

Borrowed Money

6,707,805

0.18

1,951,629

(0.03

)

4,756,175

0.22

(International Operations)

Use of Funds

4,470,325

1.26

1,305,793

(0.13

)

3,164,531

1.39

Loans and Bills Discounted

831,816

1.13

42,647

0.03

789,168

1.10

Securities

2,745,947

1.34

1,305,661

(0.46

)

1,440,286

1.81

Source of Funds

4,507,605

0.63

1,396,910

(0.29

)

3,110,695

0.92

Deposits

1,046,924

0.23

(39,664

)

(0.04

)

1,086,589

0.28

NCDs

0.36

(1,224

)

0.08

1,232

0.27

Debentures

—

Call Money

—

(463

)

(0.17

)

463

0.17

Payables under Repurchase Agreements

—

Bills Sold

—

Commercial Paper

—

Borrowed Money

452,664

3.63

(74,455

)

(0.02

)

527,119

3.65

Mizuho Financial Group, Inc.

Mizuho Corporate Bank

(Millions of yen, %)

First Half of Fiscal 2012

First Half of Fiscal 2011

Change

(Total)

Average Balance

Rate

Average Balance

Rate

Average Balance

Rate

Use of Funds

59,044,889

1.09

3,192,195

(0.05

)

55,852,693

1.15

Loans and Bills Discounted

27,903,655

1.29

2,018,115

0.01

25,885,540

1.27

Securities

23,076,444

0.86

447,189

(0.04

)

22,629,254

0.91

Source of Funds

57,342,300

0.45

2,464,157

(0.02

)

54,878,143

0.48

Deposits

17,942,410

0.25

(851,106

)

0.00

18,793,516

0.25

NCDs

10,571,495

0.26

1,649,917

0.02

8,921,578

0.24

Debentures

—

Call Money

12,616,358

0.28

651,847

(0.01

)

11,964,511

0.29

Payables under Repurchase Agreements

4,738,755

0.22

590,724

(0.01

)

4,148,031

0.23

Bills Sold

—

Commercial Paper

—

Borrowed Money

5,372,890

1.42

195,647

(0.11

)

5,177,243

1.54

(Domestic Operations)

Use of Funds

39,033,487

0.74

333,880

(0.02

)

38,699,606

0.77

Loans and Bills Discounted

17,316,326

0.96

192,742

(0.05

)

17,123,583

1.02

Securities

16,106,628

0.61

(944,534

)

0.03

17,051,163

0.57

Source of Funds

37,376,800

0.26

(173,874

)

(0.01

)

37,550,674

0.28

Deposits

8,729,758

0.09

(812,673

)

0.00

9,542,432

0.08

NCDs

7,749,730

0.11

447,386

0.00

7,302,344

0.11

Debentures

—

Call Money

11,897,293

0.27

252,991

(0.00

)

11,644,302

0.27

Payables under Repurchase Agreements

445,419

0.12

(120,420

)

0.00

565,840

0.12

Bills Sold

—

Commercial Paper

—

Borrowed Money

3,126,222

0.31

14,655

(0.01

)

3,111,566

0.32

(International Operations)

Use of Funds

23,075,885

1.56

3,326,454

(0.21

)

19,749,431

1.77

Loans and Bills Discounted

10,587,329

1.82

1,825,372

0.05

8,761,957

1.77

Securities

6,969,815

1.45

1,391,724

(0.47

)

5,578,090

1.92

Source of Funds

23,029,984

0.72

3,106,170

(0.08

)

19,923,813

0.81

Deposits

9,212,652

0.41

(38,432

)

(0.01

)

9,251,084

0.43

NCDs

2,821,764

0.66

1,202,530

(0.14

)

1,619,233

0.80

Debentures

—

Call Money

719,064

0.38

398,855

(0.44

)

320,209

0.83

Payables under Repurchase Agreements

4,293,336

0.23

711,144

(0.02

)

3,582,191

0.25

Bills Sold

—

Commercial Paper

—

Borrowed Money

2,246,668

2.95

180,991

(0.41

)

2,065,677

3.36

Mizuho Financial Group, Inc.

Mizuho Trust & Banking (Banking Account)


	*(Millions of yen, %)*
	First Half of Fiscal 2012										First Half of Fiscal 2011
					Change
(Total)	Average Balance		Rate		Average Balance			Rate			Average Balance		Rate
Use of Funds		6,095,201		0.91		147,681			(0.09	)		5,947,519		1.01
Loans and Bills Discounted		*3,349,925*		*1.16*		38,238			(0.11	)		3,311,687		1.28
Securities		*2,039,123*		*0.73*		(15,327	)		(0.02	)		2,054,451		0.75
Source of Funds		5,921,159		0.23		81,025			(0.07	)		5,840,134		0.30
Deposits		*2,098,967*		*0.15*		(99,714	)		(0.07	)		2,198,682		0.22
NCDs		*968,090*		*0.12*		80,540			(0.01	)		887,550		0.13
Debentures		—		—		—			—			—		—
Call Money		*744,358*		*0.11*		85,382			(0.00	)		658,975		0.12
Payables under Repurchase Agreements		—		—		—			—			—		—
Bills Sold		—		—		—			—			—		—
Commercial Paper		—		—		—			—			—		—
Borrowed Money		*662,443*		*0.15*		(123,351	)		0.00			785,794		0.15

(Domestic Operations)
Use of Funds		5,596,187		0.92		(39,314	)		(0.06	)		5,635,502		0.98
Loans and Bills Discounted		*3,271,677*		*1.17*		11,764			(0.10	)		3,259,912		1.28
Securities		*1,493,432*		*0.75*		(150,816	)		0.07			1,644,248		0.67
Source of Funds		5,418,649		0.22		(107,386	)		(0.07	)		5,526,036		0.30
Deposits		*2,062,872*		*0.14*		(119,335	)		(0.07	)		2,182,207		0.22
NCDs		*968,090*		*0.12*		80,540			(0.01	)		887,550		0.13
Debentures		—		—		—			—			—		—
Call Money		*729,508*		*0.11*		81,748			(0.00	)		647,760		0.11
Payables under Repurchase Agreements		—		—		—			—			—		—
Bills Sold		—		—		—			—			—		—
Commercial Paper		—		—		—			—			—		—
Borrowed Money		*662,407*		*0.15*		(123,387	)		0.00			785,794		0.15

(International Operations)
Use of Funds		1,219,810		0.45		313,877			(0.19	)		905,933		0.65
Loans and Bills Discounted		*78,248*		*0.83*		26,474			(0.36	)		51,774		1.19
Securities		*545,691*		*0.70*		135,488			(0.38	)		410,203		1.08
Source of Funds		1,223,307		0.19		315,293			(0.03	)		908,014		0.23
Deposits		*36,095*		*0.32*		19,620			0.02			16,474		0.29
NCDs		—		—		—			—			—		—
Debentures		—		—		—			—			—		—
Call Money		*14,849*		*0.52*		3,633			(0.12	)		11,215		0.64
Payables under Repurchase Agreements		—		—		—			—			—		—
Bills Sold		—		—		—			—			—		—
Commercial Paper		—		—		—			—			—		—
Borrowed Money		35		*0.77*		35			0.77			—		—

Mizuho Financial Group, Inc.

4. Net Gains/Losses on Securities

Non-Consolidated

Aggregated Figures of the 3 Banks


	*(Millions of yen)*
	First Half of Fiscal 2012						First Half of Fiscal 2011
				Change			First Half of Fiscal 2011
Net Gains (Losses) related to Bonds		177,051			95,299			81,751
Gains on Sales and Others		201,612			78,129			123,482
Losses on Sales and Others		(14,673	)		8,511			(23,185	)
Impairment (Devaluation)		(7,229	)		7,765			(14,994	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		—			—			—
Gains (Losses) on Derivatives other than for Trading		(2,658	)		892			(3,551	)

	First Half of Fiscal 2012						First Half of Fiscal 2011
				Change			First Half of Fiscal 2011
Net Gains (Losses) related to Stocks		(274,477	)		(207,203	)		(67,274	)
Gains on Sales		13,530			(2,528	)		16,058
Losses on Sales		(5,465	)		14,842			(20,308	)
Impairment (Devaluation)		(281,696	)		(220,130	)		(61,565	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		(26	)		60			(87	)
Gains (Losses) on Derivatives other than for Trading		(819	)		552			(1,371	)

Mizuho Bank
	First Half of Fiscal 2012						First Half of Fiscal 2011
				Change			First Half of Fiscal 2011
Net Gains (Losses) related to Bonds		69,280			52,305			16,974
Gains on Sales and Others		77,071			49,483			27,587
Losses on Sales and Others		(4,106	)		3,994			(8,100	)
Impairment (Devaluation)		(2,948	)		(1,296	)		(1,652	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		—			—			—
Gains (Losses) on Derivatives other than for Trading		(735	)		124			(860	)

	First Half of Fiscal 2012						First Half of Fiscal 2011
				Change			First Half of Fiscal 2011
Net Gains (Losses) related to Stocks		(95,655	)		(90,462	)		(5,192	)
Gains on Sales		1,511			(3,999	)		5,510
Losses on Sales		(461	)		52			(513	)
Impairment (Devaluation)		(97,016	)		(86,806	)		(10,210	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		(10	)		(12	)		1
Gains (Losses) on Derivatives other than for Trading		322			302			19

Mizuho Financial Group, Inc.

Mizuho Corporate Bank


	*(Millions of yen)*
	First Half of Fiscal 2012						First Half of Fiscal 2011
				Change			First Half of Fiscal 2011
Net Gains (Losses) related to Bonds		101,949			43,668			58,281
Gains on Sales and Others		118,952			29,571			89,381
Losses on Sales and Others		(10,292	)		4,330			(14,622	)
Impairment (Devaluation)		(4,280	)		9,059			(13,340	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		—			—			—
Gains (Losses) on Derivatives other than for Trading		(2,429	)		706			(3,136	)

	First Half of Fiscal 2012						First Half of Fiscal 2011
				Change			First Half of Fiscal 2011
Net Gains (Losses) related to Stocks		(162,411	)		(102,970	)		(59,440	)
Gains on Sales		11,001			2,039			8,962
Losses on Sales		(3,980	)		13,081			(17,061	)
Impairment (Devaluation)		(168,319	)		(118,386	)		(49,933	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		(6	)		82			(89	)
Gains (Losses) on Derivatives other than for Trading		(1,106	)		212			(1,318	)

Mizuho Trust & Banking

	First Half of Fiscal 2012						First Half of Fiscal 2011
				Change			First Half of Fiscal 2011
Net Gains (Losses) related to Bonds		5,820			(674	)		6,495
Gains on Sales and Others		5,588			(925	)		6,513
Losses on Sales and Others		(274	)		186			(461	)
Impairment (Devaluation)		—			1			(1	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		—			—			—
Gains (Losses) on Derivatives other than for Trading		507			61			445

	First Half of Fiscal 2012						First Half of Fiscal 2011
				Change			First Half of Fiscal 2011
Net Gains (Losses) related to Stocks		(16,411	)		(13,769	)		(2,641	)
Gains on Sales		1,017			(568	)		1,586
Losses on Sales		(1,024	)		1,708			(2,733	)
Impairment (Devaluation)		(16,359	)		(14,937	)		(1,422	)
Reversal of (Provision for) Reserve for Possible Losses on Investments		(9	)		(9	)		0
Gains (Losses) on Derivatives other than for Trading		(34	)		37			(72	)

Mizuho Financial Group, Inc.

5. Unrealized Gains/Losses on Securities

•

Securities for which it is deemed to be extremely difficult to determine the fair value are excluded.

Consolidated

(1) Other Securities

(Millions of yen)

As of September 30, 2012

As of March 31, 2012

As of September 30, 2011

Book Value
(=Fair Value)

Unrealized Gains/Losses

Gains

Losses

Gains

Losses

Gains

Losses

Other Securities

46,247,021

788

546,693

545,905

83,866

649,922

566,056

(157,709

)

535,704

693,414

Japanese Stocks

2,083,171

11,908

319,508

307,600

156,584

453,564

296,979

(45,717

)

318,177

363,895

Japanese Bonds

32,621,405

71,347

99,245

27,898

56,426

91,943

35,516

48,062

95,670

47,607

Japanese Government Bonds

28,977,981

54,683

57,140

2,457

51,814

55,236

3,422

40,097

47,780

7,683

Other

11,542,444

(82,466

)

127,940

210,407

(129,144

)

104,415

233,560

(160,054

)

121,856

281,911

Foreign Bonds

9,768,226

52,158

93,339

41,181

(25,189

)

49,148

74,338

13,976

77,415

63,438

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

*	Fair value of Japanese stocks with a quoted market price is determined based on the average quoted market price over the month preceding the consolidated balance sheet date.

Fair value of securities other than Japanese stocks is determined at the quoted market price if available, or other reasonable value at the consolidated balance sheet date.

*	The book values of Other Securities which have readily determinable fair value are stated at fair value, so Unrealized Gains/Losses indicate the difference between book values on the consolidated balance sheets and the acquisition costs.

*	Unrealized Gains/Losses include ¥(3,079) million, ¥(7,343) million and ¥(12,484) million, which were recognized in the statement of income for September 30, 2012, March 31, 2012 and September 30, 2011, respectively, by applying the fair-value hedge method and others.

As a result, the base amounts to be recorded directly to Net Assets after tax and consolidation adjustments as of September 30, 2012, March 31, 2012 and September 30, 2011 are ¥3,868 million, ¥91,209 million and ¥(145,225) million, respectively.

Unrealized Gains (Losses) on Other Securities, net of Taxes (recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the statement of income by applying the fair-value hedge method and others, including translation differences regarding securities, the fair values of which are extremely difficult to determine) as of September 30, 2012, March 31, 2012 and September 30, 2011 are ¥(33,425) million, ¥37,857 million and ¥(152,381) million, respectively.

(2) Bonds Held to Maturity

(Millions of yen)

As of September 30, 2012

As of March 31, 2012

As of September 30, 2011

Book Value

Unrealized Gains/Losses

Gains

Losses

Gains

Losses

Gains

Losses

Bonds Held to Maturity

2,400,257

18,741

—

14,525

14,586

11,913

12,027

113

Non-Consolidated

(1) Other Securities

Aggregated Figures of the 3 Banks

(Millions of yen)

As of September 30, 2012

As of March 31, 2012

As of September 30, 2011

Book Value
(=Fair Value)

Unrealized Gains/Losses

Gains

Losses

Gains

Losses

Gains

Losses

Other Securities

45,707,899

27,410

541,229

513,818

67,052

629,828

562,775

(159,379

)

528,333

687,713

Japanese Stocks

2,064,939

26,754

314,018

287,264

133,667

443,707

310,040

(70,605

)

311,602

382,207

Japanese Bonds

32,347,515

71,176

99,028

27,852

56,079

91,545

35,466

47,408

94,995

47,587

Japanese Government Bonds

28,810,646

54,472

56,927

2,454

51,421

54,839

3,417

39,539

47,216

7,676

Other

11,295,444

(70,520

)

128,181

198,702

(122,693

)

94,575

217,269

(136,182

)

121,735

257,918

Foreign Bonds

9,678,855

65,260

95,878

30,618

(8,246

)

50,916

59,163

30,923

78,890

47,967

Mizuho Bank

Other Securities

22,755,776

62,374

186,606

124,231

464

174,175

173,711

(54,812

)

166,636

221,449

Japanese Stocks

605,685

21,310

92,815

71,504

(3,819

)

100,941

104,760

(63,068

)

72,494

135,562

Japanese Bonds

18,325,589

36,098

55,132

19,033

23,425

48,314

24,889

20,011

53,121

33,110

Japanese Government Bonds

15,816,368

30,499

31,309

810

31,336

32,444

1,107

30,824

32,249

1,424

Other

3,824,501

4,966

38,659

33,692

(19,141

)

24,919

44,061

(11,756

)

41,020

52,776

Foreign Bonds

3,108,622

22,824

29,569

6,744

(2,963

)

9,402

12,366

8,137

21,610

13,472

Mizuho Corporate Bank

Other Securities

21,226,929

(52,136

)

314,232

366,368

34,742

399,624

364,882

(119,402

)

314,371

433,773

Japanese Stocks

1,318,691

(8,740

)

191,868

200,608

106,780

296,260

189,480

(23,228

)

203,833

227,062

Japanese Bonds

12,942,783

30,079

38,284

8,205

26,434

36,771

10,337

20,684

35,007

14,323

Japanese Government Bonds

11,966,165

19,954

21,024

1,069

14,464

16,623

2,158

2,822

8,996

6,174

Other

6,965,454

(73,474

)

84,079

157,554

(98,472

)

66,592

165,064

(116,858

)

75,529

192,387

Foreign Bonds

6,206,131

38,756

62,590

23,833

(5,191

)

40,143

45,335

19,636

53,595

33,959

Mizuho Trust & Banking

Other Securities

1,725,193

17,172

40,390

23,218

31,845

56,027

24,181

14,835

47,325

32,490

Japanese Stocks

140,562

14,184

29,335

15,150

30,706

46,505

15,799

15,691

35,274

19,583

Japanese Bonds

1,079,143

4,998

5,611

612

6,219

6,458

239

6,712

6,866

153

Japanese Government Bonds

1,028,112

4,018

4,592

574

5,620

5,771

151

5,892

5,971

Other

505,488

(2,011

)

5,443

7,455

(5,079

)

3,063

8,143

(7,568

)

5,184

12,753

Foreign Bonds

364,101

3,679

3,718

(91

)

1,370

1,461

3,150

3,684

534

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

*	Fair value of Japanese stocks with a quoted market price is determined based on the average quoted market price over the month preceding the balance sheet date.

Fair value of securities other than Japanese stocks is determined at the quoted market price if available, or other reasonable value at the balance sheet date.

*	The book values of Other Securities which have readily determinable fair value are stated at fair value, so Unrealized Gains/Losses indicate the difference between book values on the balance sheets and the acquisition costs.

*	Unrealized Gains/Losses include ¥2,528 million, ¥5,342 million and ¥3,961 million, which were recognized in the statement of income for September 30, 2012, March 31, 2012 and September 30, 2011, respectively, by applying the fair-value hedge method and others.

As a result, the base amounts to be recorded directly to Net Assets after tax adjustment as of September 30, 2012, March 31, 2012 and September 30, 2011 are ¥24,881 million, ¥61,710 million and ¥(163,341) million, respectively.

Unrealized Gains (Losses) on Other Securities, net of Taxes (recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the statement of income by applying the fair-value hedge method and others, including translation differences regarding securities, the fair values of which are extremely difficult to determine) as of September 30, 2012, March 31, 2012 and September 30, 2011 are as follows:


	*(Millions of yen)*
	As of September 30, 2012			As of March 31, 2012			As of September 30, 2011
Aggregated Figures		(4,514	)		17,457			(163,355	)
Mizuho Bank		41,915			(10,556	)		(63,297	)
Mizuho Corporate Bank		(59,383	)		2,024			(111,665	)
Mizuho Trust & Banking		12,952			25,988			11,607

Mizuho Financial Group, Inc.

(2) Bonds Held to Maturity

Aggregated Figures of the 3 Banks


	*(Millions of yen)*
	As of September 30, 2012									As of March 31, 2012							As of September 30, 2011
	Book Value		Unrealized Gains/Losses							Unrealized Gains/Losses							Unrealized Gains/Losses
						Gains		Losses					Gains		Losses				Gains		Losses
Aggregated Figures		2,400,257		18,741			18,741		—		14,524			14,586		61		11,910		12,024		113
Mizuho Bank		2,400,257		18,741			18,741		—		14,524			14,586		61		11,910		12,024		113
Mizuho Corporate Bank		—		—			—		—		—			—		—		—		—		—
Mizuho Trust & Banking		—		—			—		—		—			—		—		—		—		—

(3) Investment in Subsidiaries and Affiliates Aggregated Figures of the 3 Banks
	*(Millions of yen)*
	As of September 30, 2012									As of March 31, 2012							As of September 30, 2011
	Book Value		Unrealized Gains/Losses							Unrealized Gains/Losses							Unrealized Gains/Losses
						Gains		Losses					Gains		Losses				Gains		Losses
Aggregated Figures		44,205		(12,566	)		—		12,566		(4,891	)		—		4,891		—		—		—
Mizuho Bank		—		—			—		—		—			—		—		—		—		—
Mizuho Corporate Bank		44,205		(12,566	)		—		12,566		(4,891	)		—		4,891		—		—		—
Mizuho Trust & Banking		—		—			—		—		—			—		—		—		—		—

(Reference)

Unrealized Gains/Losses on Other Securities

(the base amount to be recorded directly to Net Assets after tax and other necessary adjustments)

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

The base amount was as follows:

Consolidated

(Millions of yen)

As of
September 30,
2012

As of
March 31,
2012

As of
September 30,
2011

Unrealized Gains/Losses

Unrealized
Gains/Losses

Change from
March 31,
2012

Change from
September 30,
2011

Other Securities

3,868

(87,341

)

149,093

91,209

(145,225

)

Japanese Stocks

11,908

(144,397

)

57,625

156,305

(45,717

)

Japanese Bonds

71,347

16,469

24,870

54,878

46,476

Japanese Government Bonds

54,683

4,418

16,172

50,265

38,511

Other

(79,387

)

40,587

66,597

(119,974

)

(145,984

)

Non-Consolidated

Aggregated Figures of the 3 Banks

(Millions of yen)

As of
September 30,
2012

As of
March 31,
2012

As of
September 30,
2011

Unrealized Gains/Losses

Unrealized
Gains/Losses

Change from
March 31,
2012

Change from
September 30,
2011

Other Securities

24,881

(36,828

)

188,223

61,710

(163,341

)

Japanese Stocks

26,754

(106,634

)

97,359

133,388

(70,605

)

Japanese Bonds

71,176

16,646

25,354

54,530

45,822

Japanese Government Bonds

54,472

4,600

16,518

49,872

37,953

Other

(73,049

)

53,159

65,509

(126,209

)

(138,558

)

Mizuho Financial Group, Inc.

6. Projected Redemption Amounts for Securities

•

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

Non-Consolidated

Aggregated Figures of the 3 Banks


	*(Billions of yen)*
	Maturity as of September 30, 2012								Change												Maturity as of March 31, 2012
	Within 1 year		1 - 5 years		5 - 10 years		Over 10 years		Within 1 year			1 - 5 years			5 -10 years			Over 10 years			Within 1 year		1 - 5 years		5 - 10 years		Over 10 years
Japanese Bonds		10,649.6		19,450.4		3,251.6		1,235.2		(2,492.6	)		(925.7	)		306.3			21.4			13,142.3		20,376.1		2,945.2		1,213.7
Japanese Government Bonds		9,874.8		18,114.8		2,962.2		142.0		(2,524.1	)		(750.6	)		344.8			(86.0	)		12,398.9		18,865.4		2,617.4		228.0
Japanese Local Government Bonds		60.1		175.7		61.3		0.8		9.0			51.9			(30.2	)		(0.0	)		51.0		123.7		91.5		0.8
Japanese Corporate Bonds		714.6		1,159.9		228.0		1,092.3		22.4			(227.0	)		(8.2	)		107.4			692.2		1,386.9		236.3		984.8
Other		1,116.5		4,400.5		1,965.4		2,820.2		(2.4	)		331.0			220.3			(77.4	)		1,118.9		4,069.4		1,745.0		2,897.6

Mizuho Bank

Japanese Bonds		6,122.3		12,286.3		1,533.3		674.6		(2,112.1	)		772.3			426.0			(9.7	)		8,234.5		11,514.0		1,107.3		684.4
Japanese Government Bonds		5,554.1		11,202.5		1,334.8		37.0		(2,006.4	)		835.8			394.8			(45.0	)		7,560.6		10,366.7		940.0		82.0
Japanese Local Government Bonds		55.5		163.8		36.6		—		6.9			51.9			9.6			—			48.6		111.8		26.9		—
Japanese Corporate Bonds		512.5		920.0		161.9		637.6		(112.6	)		(115.4	)		21.6			35.2			625.2		1,035.4		140.3		602.4
Other		78.2		1,731.9		497.1		1,361.5		(17.0	)		265.3			206.6			79.2			95.3		1,466.6		290.5		1,282.2

Mizuho Corporate Bank

Japanese Bonds		4,222.8		6,728.0		1,412.6		510.5		(450.1	)		(1,349.7	)		(79.7	)		21.2			4,672.9		8,077.8		1,492.4		489.3
Japanese Government Bonds		4,024.7		6,512.3		1,327.4		55.0		(587.1	)		(1,231.4	)		(10.0	)		(51.0	)		4,611.8		7,743.7		1,337.4		106.0
Japanese Local Government Bonds		4.4		11.0		21.8		0.8		1.9			0.1			(39.8	)		(0.0	)		2.4		10.9		61.7		0.8
Japanese Corporate Bonds		193.6		204.6		63.4		454.6		135.0			(118.5	)		(29.8	)		72.2			58.6		323.2		93.3		382.4
Other		1,010.8		2,311.4		1,432.2		1,458.7		22.1			(26.9	)		98.4			(156.6	)		988.6		2,338.4		1,333.7		1,615.3

Mizuho Trust & Banking

Japanese Bonds		304.5		436.0		305.5		50.0		69.6			(348.2	)		(40.0	)		10.0			234.8		784.2		345.5		40.0
Japanese Government Bonds		296.0		400.0		300.0		50.0		69.5			(355.0	)		(40.0	)		10.0			226.5		755.0		340.0		40.0
Japanese Local Government Bonds		0.1		0.8		2.8		—		0.1			(0.1	)		—			—			—		0.9		2.8		—
Japanese Corporate Bonds		8.3		35.1		2.6		—		0.0			6.8			—			—			8.3		28.2		2.6		—
Other		27.4		357.0		36.1		—		(7.5	)		92.6			(84.6	)		(0.0	)		34.9		264.3		120.8		0.0

Mizuho Financial Group, Inc.

7. Overview of Derivative Transactions Qualifying for Hedge Accounting

Non-Consolidated

•

Notional Amounts of Interest Rate Swaps (qualifying for hedge accounting (deferred method)) by Remaining Contractual Term

Aggregated Figures of the 3 Banks


	*(Billions of yen)*
	As of September 30, 2012								Change												As of March 31, 2012
	Within 1 year		1 - 5 years		Over 5 years		Total		Within 1 year			1 - 5 years			Over 5 years			Total			Within 1 year		1 - 5 years		Over 5 years		Total
Receive Fixed / Pay Float		8,541.0		12,987.2		5,454.9		26,983.2		(2,172.3	)		(1,283.9	)		1,194.5			(2,261.7	)		10,713.4		14,271.1		4,260.4		29,245.0
Receive Float / Pay Fixed		1,312.9		2,055.2		2,279.7		5,647.9		(968.0	)		(197.0	)		(5.7	)		(1,170.8	)		2,281.0		2,252.3		2,285.4		6,818.8
Receive Float / Pay Float		94.8		60.0		30.0		184.8		80.0			(80.0	)		—			—			14.8		140.0		30.0		184.8
Receive Fixed / Pay Fixed		—		—		—		—		—			—			—			—			—		—		—		—

Total		9,948.8		15,102.4		7,764.7		32,815.9		(3,060.4	)		(1,560.9	)		1,188.7			(3,432.6	)		13,009.2		16,663.4		6,575.9		36,248.6

Mizuho Bank

Receive Fixed / Pay Float		7,130.2		5,324.0		970.4		13,424.6		(1,863.3	)		(767.7	)		410.4			(2,220.6	)		8,993.5		6,091.8		559.9		15,645.3
Receive Float / Pay Fixed		—		—		8.0		8.0		—			—			(167.1	)		(167.1	)		—		—		175.1		175.1
Receive Float / Pay Float		—		—		—		—		—			—			—			—			—		—		—		—
Receive Fixed / Pay Fixed		—		—		—		—		—			—			—			—			—		—		—		—

Total		7,130.2		5,324.0		978.4		13,432.6		(1,863.3	)		(767.7	)		243.3			(2,387.7	)		8,993.5		6,091.8		735.0		15,820.4

Mizuho Corporate Bank

Receive Fixed / Pay Float		1,410.8		7,663.1		4,209.5		13,283.5		(308.9	)		(516.1	)		654.0			(171.1	)		1,719.8		8,179.3		3,555.5		13,454.6
Receive Float / Pay Fixed		1,262.9		2,020.2		2,236.2		5,519.5		(898.0	)		(157.0	)		155.9			(899.1	)		2,161.0		2,177.3		2,080.3		6,418.7
Receive Float / Pay Float		94.8		60.0		30.0		184.8		80.0			(80.0	)		—			—			14.8		140.0		30.0		184.8
Receive Fixed / Pay Fixed		—		—		—		—		—			—			—			—			—		—		—		—

Total		2,768.6		9,743.3		6,475.8		18,987.8		(1,127.0	)		(753.2	)		810.0			(1,070.3	)		3,895.6		10,496.6		5,665.8		20,058.1

Mizuho Trust & Banking

Receive Fixed / Pay Float		—		—		275.0		275.0		—			—			130.0			130.0			—		—		145.0		145.0
Receive Float / Pay Fixed		50.0		35.0		35.4		120.4		(70.0	)		(40.0	)		5.4			(104.5	)		120.0		75.0		30.0		225.0
Receive Float / Pay Float		—		—		—		—		—			—			—			—			—		—		—		—
Receive Fixed / Pay Fixed		—		—		—		—		—			—			—			—			—		—		—		—

Total		50.0		35.0		310.4		395.4		(70.0	)		(40.0	)		135.4			25.4			120.0		75.0		175.0		370.0

(Reference)

Deferred Hedge Gains/Losses of Derivative Transactions Qualifying for Hedge Accounting


	*(Billions of yen)*
	As of September 30, 2012						Change						As of March 31, 2012
	Deferred Hedge Gains/Losses						Deferred Hedge Gains/Losses						Deferred Hedge Gains/Losses
	Gains		Losses				Gains		Losses				Gains		Losses
Aggregated Figures		818.4		548.2	270.2			47.3		(4.8	)	52.2		771.0		553.0	217.9
Mizuho Bank		71.1		76.8	(5.6	)		7.1		(5.2	)	12.3		64.0		82.1	(18.0	)
Mizuho Corporate Bank		679.2		400.5	278.6			35.7		(0.4	)	36.2		643.4		401.0	242.4
Mizuho Trust & Banking		67.9		70.7	(2.7	)		4.4		0.8		3.6		63.4		69.9	(6.4	)

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

Mizuho Financial Group, Inc.

8. Employee Retirement Benefits

Non-Consolidated

Projected Benefit Obligations

Aggregated Figures of the 3 Banks


			*(Millions of yen)*
			First Half of Fiscal 2012						First Half of Fiscal 2011
						Change			First Half of Fiscal 2011
Projected Benefit Obligations (at the beginning of the fiscal year)	(A	)		1,186,325			107,373			1,078,952
Discount Rate (%)				1.7			(0.8	)		2.5
Fair Value of Plan Assets (at the beginning of the fiscal year)	(B	)		1,210,121			57,605			1,152,516
Unrecognized Actuarial Differences (at the beginning of the fiscal year)	(C	)		390,949			(15,200	)		406,149
Amount accumulated (amortized) during the period				*(31,405*	)		4,425			(35,830	)
Prepaid Pension Cost (at the beginning of the fiscal year)	(B)+(C)-(A	)		414,745			(64,967	)		479,713

Mizuho Bank

Projected Benefit Obligations (at the beginning of the fiscal year)	(A	)		707,530			69,303			638,227
Discount Rate (%)				1.7			(0.8	)		2.5
Fair Value of Plan Assets (at the beginning of the fiscal year)	(B	)		725,684			43,658			682,026
Unrecognized Actuarial Differences (at the beginning of the fiscal year)	(C	)		221,616			(27,854	)		249,470
Amount accumulated (amortized) during the period				*(19,215*	)		3,376			(22,592	)
Prepaid Pension Cost (at the beginning of the fiscal year)	(B)+(C)-(A	)		239,770			(53,498	)		293,269

Mizuho Corporate Bank

Projected Benefit Obligations (at the beginning of the fiscal year)	(A	)		345,051			25,309			319,742
Discount Rate (%)				1.7			(0.8	)		2.5
Fair Value of Plan Assets (at the beginning of the fiscal year)	(B	)		352,088			10,083			342,004
Unrecognized Actuarial Differences (at the beginning of the fiscal year)	(C	)		124,962			7,100			117,862
Amount accumulated (amortized) during the period				*(8,596*	)		860			(9,457	)
Prepaid Pension Cost (at the beginning of the fiscal year)	(B)+(C)-(A	)		131,998			(8,125	)		140,124

Mizuho Trust & Banking

Projected Benefit Obligations (at the beginning of the fiscal year)	(A	)		133,743			12,760			120,982
Discount Rate (%)				1.7			(0.8	)		2.5
Fair Value of Plan Assets (at the beginning of the fiscal year)	(B	)		132,348			3,863			128,485
Unrecognized Actuarial Differences (at the beginning of the fiscal year)	(C	)		44,370			5,554			38,816
Amount accumulated (amortized) during the period				*(3,593*	)		188			(3,781	)
Prepaid Pension Cost (at the beginning of the fiscal year)	(B)+(C)-(A	)		42,976			(3,342	)		46,319

Mizuho Financial Group, Inc.

Income (Expenses) related to Employee Retirement Benefits

Aggregated Figures of the 3 Banks


			*(Millions of yen)*
			First Half of Fiscal 2012						First Half of Fiscal 2011
						Change
Service Cost				(11,032	)		(2,239	)		(8,792	)
Interest Cost				(10,083	)		3,403			(13,486	)
Expected Return on Plan Assets				14,377			1,781			12,595
Accumulation (Amortization) of Unrecognized Actuarial Differences				(31,405	)		4,425			(35,830	)
Losses on Return of Retirement Benefits Trust				—			27,728			(27,728	)
Other				(2,091	)		(166	)		(1,925	)

Total				(40,235	)		34,932			(75,168	)

Mizuho Bank

Service Cost				(7,097	)		(1,525	)		(5,572	)
Interest Cost				(6,014	)		1,963			(7,977	)
Expected Return on Plan Assets				8,707			2,568			6,138
Accumulation (Amortization) of Unrecognized Actuarial Differences				(19,215	)		3,376			(22,592	)
Losses on Return of Retirement Benefits Trust				—			27,728			(27,728	)
Other				(1,396	)		(136	)		(1,259	)

Total				(25,015	)		33,975			(58,991	)

Mizuho Corporate Bank

Service Cost				(2,497	)		(441	)		(2,055	)
Interest Cost				(2,932	)		1,063			(3,996	)
Expected Return on Plan Assets				4,032			(817	)		4,850
Accumulation (Amortization) of Unrecognized Actuarial Differences				(8,596	)		860			(9,457	)
Other				(375	)		90			(466	)

Total				(10,369	)		755			(11,125	)

Mizuho Trust & Banking

Service Cost				(1,437	)		(272	)		(1,164	)
Interest Cost				(1,136	)		375			(1,512	)
Expected Return on Plan Assets				1,637			30			1,606
Accumulation (Amortization) of Unrecognized Actuarial Differences				(3,593	)		188			(3,781	)
Other				(320	)		(120	)		(199	)

Total				(4,850	)		200			(5,051	)

Consolidated

			*(Millions of yen)*
			First Half of Fiscal 2012						First Half of Fiscal 2011
						Change
Projected Benefit Obligations (at the beginning of the fiscal year)	(A	)		1,328,823			121,593			1,207,229
Fair Value of Plan Assets (at the beginning of the fiscal year)	(B	)		1,311,886			95,898			1,215,987
Unrecognized Actuarial Differences (at the beginning of the fiscal year)	(C	)		418,892			(1,545	)		420,438
Amount accumulated (amortized) during the period				*(33,534*	)		3,655			(37,190	)
Prepaid Pension Cost (at the beginning of the fiscal year)	(D	)		438,008			(26,803	)		464,812
Reserve for Employee Retirement Benefits (at the beginning of the fiscal year)	(A)-(B)-(C)+(D	)		36,053			437			35,615

Income (Expenses) related to Employee Retirement Benefits				(47,115	)		9,829			(56,945	)

Mizuho Financial Group, Inc.

9. Capital Adequacy Ratio

Consolidated

Mizuho Financial Group

BIS Standard


	*(%, Billions of yen)*
	As of September 30, 2012 (Preliminary)
				Change from March 31, 2012			As of March 31, 2012
(1) Capital Adequacy Ratio		15.45			(0.05	)		15.50
Tier 1 Capital Ratio		12.68			(0.08	)		12.76
(2) Tier 1 Capital		6,290.6			(108.3	)		6,398.9
Common Stock and Preferred Stock		2,254.9			—			2,254.9
Capital Surplus		1,109.5			(0.2	)		1,109.7
Retained Earnings		1,513.8			108.4			1,405.4
Less: Treasury Stock		4.7			(2.3	)		7.0
Less: Dividends (estimate), etc.		76.3			0.0			76.3
Less: Unrealized Losses on Other Securities		21.8			21.8			—
Foreign Currency Translation Adjustments		(103.9	)		(1.0	)		(102.8	)
Minority Interests in Consolidated Subsidiaries		1,760.1			(181.3	)		1,941.4
Preferred Securities Issued by Overseas SPCs		*1,682.0*			(177.5	)		1,859.6
Other		(140.9	)		(14.5	)		(126.4	)
(3) Tier 2 Capital		1,769.9			24.8			1,745.1
Tier 2 Capital Included as Qualifying Capital		*1,769.9*			24.8			1,745.1
45% of Unrealized Gains on Other Securities		—			(45.1	)		45.1
45% of Revaluation Reserve for Land		101.7			(0.8	)		102.5
General Reserve for Possible Losses on Loans, etc.		4.6			0.4			4.2
Debt Capital, etc.		1,663.5			70.3			1,593.2
Perpetual Subordinated Debt and Other Debt Capital		*256.6*			(6.0	)		262.6
Dated Subordinated Debt and Redeemable Preferred Stock		*1,406.9*			76.3			1,330.6
(4) Deductions for Total Risk-based Capital		395.4			26.4			368.9
(5) Total Risk-based Capital (2)+(3)-(4)		7,665.1			(109.9	)		7,775.0
(6) Risk-weighted Assets		49,603.9			(540.9	)		50,144.9
Credit Risk Assets		44,696.6			(447.7	)		45,144.4
On-balance-sheet Items		37,340.3			(300.2	)		37,640.5
Off-balance-sheet Items		7,356.3			(147.5	)		7,503.9
Market Risk Equivalent Assets		2,022.3			(60.9	)		2,083.3
Operational Risk Equivalent Assets		2,884.9			(32.2	)		2,917.1
Adjusted Amount for Credit Risk-weighted Assets		—			—			—
Adjusted Amount for Operational Risk Equivalent		—			—			—

(Reference)
Prime Capital Ratio *		9.21			0.24			8.97

*	Prime Capital (Tier1 Capital (2) - preferred securities - preferred stock (excluding mandatory convertible preferred stock)) divided by Risk-weighted Assets (6)

Mizuho Financial Group, Inc.

Mizuho Bank

Domestic Standard


	*(%, Billions of yen)*
	As of September 30, 2012 (Preliminary)
			Change from March 31, 2012			As of March 31, 2012
(1) Capital Adequacy Ratio		15.35		(0.17	)		15.52
Tier 1 Capital Ratio		11.26		(0.13	)		11.39
(2) Tier 1 Capital		2,389.6		(38.4	)		2,428.1
(3) Tier 2 Capital		980.7		3.1			977.6
(4) Deductions for Total Risk-based Capital		112.9		13.9			98.9
(5) Total Risk-based Capital (2)+(3)-(4)		3,257.4		(49.3	)		3,306.8
(6) Risk-weighted Assets		21,208.5		(91.4	)		21,299.9

Mizuho Corporate Bank

BIS Standard

(1) Capital Adequacy Ratio		17.94		0.11			17.83
Tier 1 Capital Ratio		15.79		(0.08	)		15.87
(2) Tier 1 Capital		4,363.4		(67.4	)		4,430.8
(3) Tier 2 Capital		732.3		49.5			682.8
(4) Deductions for Total Risk-based Capital		139.0		1.7			137.2
(5) Total Risk-based Capital (2)+(3)-(4)		4,956.8		(19.6	)		4,976.4
(6) Risk-weighted Assets		27,623.6		(286.5	)		27,910.1

Mizuho Trust & Banking

BIS Standard

(1) Capital Adequacy Ratio		17.80		(0.46	)		18.26
Tier 1 Capital Ratio		14.21		0.19			14.02
(2) Tier 1 Capital		331.6		(2.9	)		334.5
(3) Tier 2 Capital		87.0		(16.5	)		103.5
(4) Deductions for Total Risk-based Capital		3.2		0.7			2.4
(5) Total Risk-based Capital (2)+(3)-(4)		415.5		(20.2	)		435.7
(6) Risk-weighted Assets		2,333.6		(52.3	)		2,386.0

(Reference)

Mizuho Bank

BIS Standard

(1) Capital Adequacy Ratio		15.43		(0.03	)		15.46
Tier 1 Capital Ratio		11.19		(0.13	)		11.32
(2) Tier 1 Capital		2,389.4		(38.5	)		2,428.0
(3) Tier 2 Capital		1,018.4		32.4			986.0
(4) Deductions for Total Risk-based Capital		113.1		13.9			99.1
(5) Total Risk-based Capital (2)+(3)-(4)		3,294.8		(20.0	)		3,314.8
(6) Risk-weighted Assets		21,349.3		(91.6	)		21,440.9

Mizuho Financial Group, Inc.

II. REVIEW OF CREDITS

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

•

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

•

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

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

Consolidated


	*(Millions of yen, %)*
	As of September 30, 2012																As of March 31, 2012				As of September 30, 2011
			%		Change from March 31, 2012			%			Change from September 30, 2011			%					%				%
Loans to Bankrupt Obligors		34,040		0.05		(6,727	)		(0.01	)		1,048			0.00			40,767		0.06		32,992		0.05
Non-Accrual Delinquent Loans		593,842		0.93		11,224			0.01			(20,558	)		(0.06	)		582,618		0.91		614,401		0.99
Loans Past Due for 3 Months or More		20,431		0.03		184			0.00			(103	)		(0.00	)		20,246		0.03		20,534		0.03
Restructured Loans		582,579		0.91		(6,935	)		(0.00	)		16,047			(0.00	)		589,515		0.92		566,532		0.91
Total		1,230,894		1.93		(2,253	)		0.00			(3,566	)		(0.06	)		1,233,147		1.93		1,234,460		1.99
Total Loans		63,650,211		100.00		(150,297	)					1,918,604						63,800,509		100.00		61,731,606		100.00

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		253,782				(18,161	)					(72,438	)					271,943				326,220
Trust Account
	As of September 30, 2012																As of March 31, 2012				As of September 30, 2011
			%		Change from March 31, 2012			%			Change from September 30, 2011			%					%				%
Loans to Bankrupt Obligors		—		—		—			—			—			—			—		—		—		—
Non-Accrual Delinquent Loans		3,069		13.33		(8	)		0.67			(17	)		1.11			3,078		12.66		3,086		12.21
Loans Past Due for 3 Months or More		—		—		—			—			—			—			—		—		—		—
Restructured Loans		—		—		—			—			—			—			—		—		—		—
Total		3,069		13.33		(8	)		0.67			(17	)		1.11			3,078		12.66		3,086		12.21
Total Loans		23,020		100.00		(1,290	)					(2,249	)					24,310		100.00		25,270		100.00
Consolidated + Trust Account
	As of September 30, 2012																As of March 31, 2012				As of September 30, 2011
			%		Change from March 31, 2012			%			Change from September 30, 2011			%					%				%
Loans to Bankrupt Obligors		34,040		0.05		(6,727	)		(0.01	)		1,048			0.00			40,767		0.06		32,992		0.05
Non-Accrual Delinquent Loans		596,912		0.93		11,215			0.01			(20,576	)		(0.06	)		585,696		0.91		617,488		0.99
Loans Past Due for 3 Months or More		20,431		0.03		184			0.00			(103	)		(0.00	)		20,246		0.03		20,534		0.03
Restructured Loans		582,579		0.91		(6,935	)		(0.00	)		16,047			(0.00	)		589,515		0.92		566,532		0.91
Total		1,233,963		1.93		(2,262	)		0.00			(3,583	)		(0.06	)		1,236,225		1.93		1,237,547		2.00
Total Loans		63,673,232		100.00		(151,587	)					1,916,355						63,824,819		100.00		61,756,877		100.00

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

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregated Figures of the 3 Banks

(Banking Account + Trust Account)


	*(Millions of yen, %)*
	As of September 30, 2012																As of March 31, 2012				As of September 30, 2011
			%		Change from March 31, 2012			%			Change from September 30, 2011			%					%				%
Loans to Bankrupt Obligors		32,222		0.05		(5,788	)		(0.00	)		1,435			0.00			38,010		0.05		30,787		0.04
Non-Accrual Delinquent Loans		577,261		0.90		15,699			0.03			(16,190	)		(0.05	)		561,561		0.87		593,452		0.96
Loans Past Due for 3 Months or More		20,428		0.03		181			0.00			(106	)		(0.00	)		20,246		0.03		20,534		0.03
Restructured Loans		458,449		0.72		(8,241	)		(0.00	)		9,162			(0.00	)		466,690		0.73		449,286		0.72
Total		1,088,360		1.71		1,851			0.01			(5,699	)		(0.06	)		1,086,508		1.70		1,094,060		1.77

Total Loans		63,446,928		100.00		(456,044	)					1,828,231						63,902,973		100.00		61,618,697		100.00
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		225,221				(20,562	)					(71,559	)					245,783				296,780
Mizuho Bank
Loans to Bankrupt Obligors		10,150		0.03		(3,722	)		(0.01	)		(10,678	)		(0.03	)		13,873		0.04		20,828		0.06
Non-Accrual Delinquent Loans		472,027		1.49		22,665			0.11			(14,783	)		(0.02	)		449,361		1.38		486,811		1.52
Loans Past Due for 3 Months or More		20,337		0.06		424			0.00			(77	)		0.00			19,913		0.06		20,415		0.06

Restructured Loans		296,053		0.93		(235	)		0.02			8,649			0.04			296,289		0.91		287,403		0.89
Total		798,568		2.53		19,131			0.13			(16,890	)		(0.01	)		779,436		2.39		815,458		2.55

Total Loans		31,502,656		100.00		(1,038,229	)					(474,364	)					32,540,885		100.00		31,977,021		100.00
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		135,608				(20,934	)					(60,729	)					156,543				196,337
Mizuho Corporate Bank
Loans to Bankrupt Obligors		22,009		0.07		(1,130	)		(0.00	)		13,364			0.04			23,140		0.08		8,644		0.03
Non-Accrual Delinquent Loans		83,663		0.29		(6,431	)		(0.02	)		2,957			(0.01	)		90,094		0.32		80,705		0.30
Loans Past Due for 3 Months or More		—		—		—			—			—			—			—		—		—		—
Restructured Loans		155,163		0.54		427			(0.00	)		5,053			(0.02	)		154,736		0.55		150,110		0.57
Total		260,836		0.91		(7,134	)		(0.03	)		21,375			0.00			267,971		0.95		239,461		0.91

Total Loans		28,440,310		100.00		381,510						2,166,557						28,058,800		100.00		26,273,753		100.00
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		82,953				374						(5,647	)					82,579				88,600
Mizuho Trust & Banking

(Banking Account)
Loans to Bankrupt Obligors		62		0.00		(934	)		(0.02	)		(1,251	)		(0.03	)		997		0.03		1,313		0.03
Non-Accrual Delinquent Loans		18,501		0.53		(525	)		(0.04	)		(4,346	)		(0.15	)		19,027		0.58		22,848		0.68
Loans Past Due for 3 Months or More		90		0.00		(242	)		(0.00	)		(28	)		(0.00	)		333		0.01		119		0.00
Restructured Loans		7,232		0.20		(8,432	)		(0.26	)		(4,540	)		(0.14	)		15,664		0.47		11,772		0.35
Total		25,886		0.74		(10,135	)		(0.35	)		(10,167	)		(0.33	)		36,022		1.09		36,053		1.07

Total Loans		3,480,940		100.00		201,964						138,288						3,278,976		100.00		3,342,652		100.00
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		6,658				(1	)					(5,183	)					6,660				11,842

(Trust Account)
Loans to Bankrupt Obligors		—		—		—			—			—			—			—		—		—		—
Non-Accrual Delinquent Loans		3,069		13.33		(8	)		0.67			(17	)		1.11			3,078		12.66		3,086		12.21
Loans Past Due for 3 Months or More		—		—		—			—			—			—			—		—		—		—
Restructured Loans		—		—		—			—			—			—			—		—		—		—
Total		3,069		13.33		(8	)		0.67			(17	)		1.11			3,078		12.66		3,086		12.21

Total Loans		23,020		100.00		(1,290	)					(2,249	)					24,310		100.00		25,270		100.00

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

Mizuho Financial Group, Inc.

2. Status of Reserves for Possible Losses on Loans

Consolidated


	*(Millions of yen)*
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Reserves for Possible Losses on Loans		651,217		(40,543	)		(68,675	)		691,760		719,893
General Reserve for Possible Losses on Loans		440,546		(7,042	)		(51,710	)		447,588		492,257
Specific Reserve for Possible Losses on Loans		210,661		(33,501	)		(16,965	)		244,162		227,626
Reserve for Possible Losses on Loans to Restructuring Countries		9		0			0			9		9

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		296,842		(30,807	)		(100,991	)		327,650		397,834

Non-Consolidated

Aggregated Figures of the 3 Banks

	*(Millions of yen)*
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Reserves for Possible Losses on Loans		555,176		(27,707	)		(49,375	)		582,883		604,551
General Reserve for Possible Losses on Loans		393,657		(17,573	)		(62,993	)		411,231		456,651
Specific Reserve for Possible Losses on Loans		161,508		(10,134	)		13,618			171,643		147,890
Reserve for Possible Losses on Loans to Restructuring Countries		9		0			0			9		9

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		267,061		(33,450	)		(100,342	)		300,511		367,403

Mizuho Bank

Reserves for Possible Losses on Loans		329,032		(15,642	)		(48,337	)		344,674		377,370
General Reserve for Possible Losses on Loans		221,195		(18,900	)		(50,614	)		240,095		271,810
Specific Reserve for Possible Losses on Loans		107,836		3,258			2,276			104,578		105,560
Reserve for Possible Losses on Loans to Restructuring Countries		—		—			—			—		—

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

Amount of Partial Direct Write-offs		169,961		(29,577	)		(78,480	)		199,538		248,442

Mizuho Corporate Bank

Reserves for Possible Losses on Loans		209,477		(10,760	)		(326	)		220,237		209,803
General Reserve for Possible Losses on Loans		161,996		3,100			(9,242	)		158,896		171,238
Specific Reserve for Possible Losses on Loans		47,471		(13,860	)		8,915			61,332		38,556
Reserve for Possible Losses on Loans to Restructuring Countries		9		0			0			9		8

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

Amount of Partial Direct Write-offs		86,932		(1,266	)		(12,571	)		88,198		99,503

Mizuho Trust & Banking

Reserves for Possible Losses on Loans		16,666		(1,305	)		(711	)		17,971		17,377
General Reserve for Possible Losses on Loans		10,465		(1,773	)		(3,136	)		12,239		13,602
Specific Reserve for Possible Losses on Loans		6,200		468			2,425			5,731		3,774
Reserve for Possible Losses on Loans to Restructuring Countries		0		(0	)		(0	)		0		0

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		10,168		(2,607	)		(9,290	)		12,775		19,458

*	Reserve for Possible Losses on Entrusted Loans (¥69 million, ¥74 million and ¥76 million for September 30, 2012, March 31, 2012 and September 30, 2011, respectively) is not included in the above figures for Trust Account.

Mizuho Financial Group, Inc.

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

Consolidated


	*(%)*
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Mizuho Financial Group		52.90		(3.19	)		(5.41	)		56.09		58.31
* Above figures are presented net of partial direct write-offs.

Non-Consolidated

	*(%)*
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Total		51.15		(2.64	)		(4.25	)		53.79		55.41
Mizuho Bank		41.20		(3.01	)		(5.07	)		44.22		46.27
Mizuho Corporate Bank		80.30		(1.87	)		(7.30	)		82.18		87.61
Mizuho Trust & Banking (Banking Account)		64.38		14.49			16.18			49.89		48.19

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

Mizuho Financial Group, Inc.

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

Consolidated


	*(Millions of yen)*
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Claims against Bankrupt and Substantially Bankrupt Obligors		163,081		(14,345	)		(32,515	)		177,426		195,597
Claims with Collection Risk		533,409		6,106			3,360			527,302		530,048
Claims for Special Attention		603,077		(6,757	)		15,922			609,834		587,154
Total		1,299,568		(14,995	)		(13,231	)		1,314,563		1,312,800
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		292,932		(28,450	)		(97,077	)		321,383		390,010
Trust Account
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Claims against Bankrupt and Substantially Bankrupt Obligors		—		—			—			—		—
Claims with Collection Risk		3,069		(8	)		(17	)		3,078		3,086
Claims for Special Attention		—		—			—			—		—
Total		3,069		(8	)		(17	)		3,078		3,086
Consolidated + Trust Account
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Claims against Bankrupt and Substantially Bankrupt Obligors		163,081		(14,345	)		(32,515	)		177,426		195,597
Claims with Collection Risk		536,478		6,097			3,343			530,380		533,135
Claims for Special Attention		603,077		(6,757	)		15,922			609,834		587,154
Total		1,302,637		(15,004	)		(13,249	)		1,317,642		1,315,887

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

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregated Figures of the 3 Banks

(Banking Account + Trust Account)


	*(Millions of yen, %)*
	As of September 30, 2012																As of March 31, 2012				As of September 30, 2011
			%		Change from March 31, 2012			%			Change from September 30, 2011			%					%				%
Claims against Bankrupt and Substantially Bankrupt Obligors		143,646		0.20		(13,435	)		(0.01	)		(32,194	)		(0.05	)		157,081		0.22		175,840		0.25
Claims with Collection Risk		527,559		0.74		6,011			0.01			7,232			(0.01	)		521,547		0.73		520,327		0.76
Claims for Special Attention		478,943		0.67		(8,065	)		(0.00	)		9,034			(0.00	)		487,009		0.68		469,909		0.68
Sub-total		1,150,149		1.63		(15,489	)		(0.00	)		(15,927	)		(0.07	)		1,165,638		1.63		1,166,076		1.70
Normal Claims		69,408,886		98.36		(631,033	)		0.00			2,205,752			0.07			70,039,919		98.36		67,203,134		98.29
Total		70,559,036		100.00		(646,522	)					2,189,825						71,205,558		100.00		68,369,210		100.00

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		263,728				(30,845	)					(96,237	)					294,574				359,965

Mizuho Bank
Claims against Bankrupt and Substantially Bankrupt Obligors		88,301		0.26		(7,099	)		(0.01	)		(37,042	)		(0.10	)		95,400		0.27		125,343		0.36
Claims with Collection Risk		412,523		1.22		25,366			0.10			5,394			0.03			387,156		1.11		407,129		1.19
Claims for Special Attention		316,390		0.94		188			0.02			8,571			0.03			316,202		0.91		307,818		0.90
Sub-total		817,216		2.43		18,456			0.12			(23,075	)		(0.03	)		798,759		2.30		840,292		2.46
Normal Claims		32,770,892		97.56		(1,050,441	)		(0.12	)		(439,597	)		0.03			33,821,333		97.69		33,210,489		97.53
Total		33,588,108		100.00		(1,031,985	)					(462,673	)					34,620,093		100.00		34,050,781		100.00

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		169,961				(29,577	)					(78,480	)					199,538				248,442
Mizuho Corporate Bank
Claims against Bankrupt and Substantially Bankrupt Obligors		25,182		0.07		(5,674	)		(0.01	)		12,349			0.03			30,857		0.09		12,833		0.04
Claims with Collection Risk		95,839		0.28		(18,600	)		(0.05	)		(144	)		(0.02	)		114,439		0.34		95,983		0.31
Claims for Special Attention		155,163		0.46		427			(0.00	)		5,053			(0.02	)		154,736		0.46		150,110		0.48
Sub-total		276,185		0.82		(23,847	)		(0.07	)		17,258			(0.01	)		300,033		0.90		258,927		0.83
Normal Claims		33,073,805		99.17		209,485			0.07			2,500,586			0.01			32,864,320		99.09		30,573,219		99.16
Total		33,349,991		100.00		185,637						2,517,845						33,164,353		100.00		30,832,146		100.00

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

Amount of Partial Direct Write-offs		86,932				(1,266	)					(12,571	)					88,198				99,503

Mizuho Trust & Banking (Banking Account)
Claims against Bankrupt and Substantially Bankrupt Obligors		30,161		0.83		(661	)		(0.06	)		(7,501	)		(0.24	)		30,823		0.90		37,662		1.08
Claims with Collection Risk		16,127		0.44		(745	)		(0.04	)		1,999			0.04			16,872		0.49		14,127		0.40
Claims for Special Attention		7,389		0.20		(8,681	)		(0.26	)		(4,590	)		(0.14	)		16,070		0.47		11,979		0.34
Sub-total		53,678		1.49		(10,088	)		(0.38	)		(10,092	)		(0.35	)		63,766		1.87		63,770		1.84
Normal Claims		3,544,237		98.50		211,204			0.38			146,995			0.35			3,333,033		98.12		3,397,242		98.15
Total		3,597,916		100.00		201,115						136,903						3,396,800		100.00		3,461,012		100.00

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		6,835				(2	)					(5,184	)					6,837				12,019

(Trust Account)
Claims against Bankrupt and Substantially Bankrupt Obligors		—		—		—			—			—			—			—		—		—		—
Claims with Collection Risk		3,069		13.33		(8	)		0.67			(17	)		1.11			3,078		12.66		3,086		12.21
Claims for Special Attention		—		—		—			—			—			—			—		—		—		—
Sub-total		3,069		13.33		(8	)		0.67			(17	)		1.11			3,078		12.66		3,086		12.21
Normal Claims		19,951		86.66		(1,281	)		(0.67	)		(2,232	)		(1.11	)		21,232		87.33		22,183		87.78
Total		23,020		100.00		(1,290	)					(2,249	)					24,310		100.00		25,270		100.00

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

Mizuho Financial Group, Inc.

5. Coverage on Disclosed Claims under the FRL

Non-Consolidated

(1) Disclosed Claims under the FRL and Coverage Amount

Aggregated Figures of the 3 Banks (Banking Account)

(Billions of yen)

As of September 30, 2012

As of
March 31,
2012

As of
September 30,
2011

Change from
March 31,
2012

Change from
September 30,
2011

Claims against Bankrupt and Substantially Bankrupt Obligors

143.6

(13.4

)

(32.1

)

157.0

175.8

Collateral, Guarantees, and equivalent

124.2

(9.6

)

(35.1

)

133.8

159.3

Reserve for Possible Losses

19.4

(3.8

)

2.9

23.2

16.4

Claims with Collection Risk

524.4

6.0

7.2

518.4

517.2

Collateral, Guarantees, and equivalent

284.0

13.6

(14.2

)

270.3

298.2

Reserve for Possible Losses

154.0

(6.3

)

10.8

160.3

143.1

Claims for Special Attention

478.9

(8.0

)

9.0

487.0

469.9

Collateral, Guarantees, and equivalent

151.8

8.6

39.8

143.1

111.9

Reserve for Possible Losses

95.0

(7.5

)

(9.1

)

102.5

104.2

Total

1,147.0

(15.4

)

(15.9

)

1,162.5

1,162.9

Collateral, Guarantees, and equivalent

560.0

12.6

(9.5

)

547.4

569.5

Reserve for Possible Losses

268.4

(17.6

)

4.6

286.1

263.8

Mizuho Bank

Claims against Bankrupt and Substantially Bankrupt Obligors

88.3

(7.0

)

(37.0

)

95.4

125.3

Collateral, Guarantees, and equivalent

84.4

(7.8

)

(37.1

)

92.3

121.6

Reserve for Possible Losses

3.8

0.7

0.1

3.0

3.7

Claims with Collection Risk

412.5

25.3

5.3

387.1

407.1

Collateral, Guarantees, and equivalent

243.0

21.8

(2.6

)

221.2

245.6

Reserve for Possible Losses

103.9

2.4

2.1

101.4

101.7

Claims for Special Attention

316.3

0.1

8.5

316.2

307.8

Collateral, Guarantees, and equivalent

102.3

(3.6

)

10.8

105.9

91.4

Reserve for Possible Losses

59.8

0.2

(2.2

)

59.6

62.0

Total

817.2

18.4

(23.0

)

798.7

840.2

Collateral, Guarantees, and equivalent

429.8

10.2

(28.9

)

419.5

458.8

Reserve for Possible Losses

167.6

3.4

0.0

164.1

167.5

Mizuho Corporate Bank

Claims against Bankrupt and Substantially Bankrupt Obligors

25.1

(5.6

)

12.3

30.8

12.8

Collateral, Guarantees, and equivalent

21.8

(1.0

)

9.7

22.9

12.1

Reserve for Possible Losses

3.3

(4.6

)

2.5

7.9

0.7

Claims with Collection Risk

95.8

(18.6

)

(0.1

)

114.4

95.9

Collateral, Guarantees, and equivalent

31.7

(7.0

)

(11.1

)

38.7

42.9

Reserve for Possible Losses

44.0

(9.2

)

6.3

53.2

37.6

Claims for Special Attention

155.1

0.4

5.0

154.7

150.1

Collateral, Guarantees, and equivalent

46.8

13.5

29.4

33.3

17.3

Reserve for Possible Losses

33.9

(6.3

)

(6.2

)

40.2

40.1

Total

276.1

(23.8

)

17.2

300.0

258.9

Collateral, Guarantees, and equivalent

100.4

5.4

28.1

95.0

72.3

Reserve for Possible Losses

81.2

(20.1

)

2.6

101.4

78.5

Mizuho Trust & Banking

(Banking Account)

Claims against Bankrupt and Substantially Bankrupt Obligors

30.1

(0.6

)

(7.5

)

30.8

37.6

Collateral, Guarantees, and equivalent

17.9

(0.6

)

(7.7

)

18.5

25.6

Reserve for Possible Losses

12.2

(0.0

)

0.1

12.2

12.0

Claims with Collection Risk

16.1

(0.7

)

1.9

16.8

14.1

Collateral, Guarantees, and equivalent

9.1

(1.2

)

(0.4

)

10.3

9.6

Reserve for Possible Losses

6.0

0.4

2.4

5.6

3.6

Claims for Special Attention

7.3

(8.6

)

(4.5

)

16.0

11.9

Collateral, Guarantees, and equivalent

2.6

(1.1

)

(0.4

)

3.8

3.1

Reserve for Possible Losses

1.2

(1.4

)

(0.7

)

2.6

1.9

Total

53.6

(10.0

)

(10.0

)

63.7

Collateral, Guarantees, and equivalent

29.7

(3.0

)

(8.6

)

32.7

38.3

Reserve for Possible Losses

19.5

(0.9

)

1.8

20.5

17.6

(Reference) Trust Account

Claims against Bankrupt and Substantially Bankrupt Obligors

—

Collateral, Guarantees, and equivalent

—

Claims with Collection Risk

3.0

(0.0

)

(0.0

)

3.0

Collateral, Guarantees, and equivalent

3.0

(0.0

)

(0.0

)

3.0

Claims for Special Attention

—

Collateral, Guarantees, and equivalent

—

Total

3.0

(0.0

)

(0.0

)

3.0

Collateral, Guarantees, and equivalent

3.0

(0.0

)

(0.0

)

3.0

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

Mizuho Financial Group, Inc.

(2) Coverage Ratio

Aggregated Figures of the 3 Banks (Banking Account)


	*(Billions of yen)*
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Coverage Amount		828.5		(5.0	)		(4.8	)		833.5		833.3
Reserves for Possible Losses on Loans		268.4		(17.6	)		4.6			286.1		263.8
Collateral, Guarantees, and equivalent		560.0		12.6			(9.5	)		547.4		569.5

	*(%)*
Coverage Ratio		72.3		0.5			0.5			71.7		71.7
Claims against Bankrupt and Substantially Bankrupt Obligors		100.0		—			—			100.0		100.0
Claims with Collection Risk		83.5		0.4			(1.8	)		83.0		85.3
Claims for Special Attention		51.5		1.0			5.5			50.4		46.0
Claims against Special Attention Obligors		*53.0*		1.1			4.1			51.8		48.8

Reserve Ratio against Non-collateralized Claims

	*(%)*
Claims against Bankrupt and Substantially Bankrupt Obligors		100.0		—			—			100.0		100.0
Claims with Collection Risk		64.0		(0.5	)		(1.3	)		64.6		65.3
Claims for Special Attention		29.0		(0.7	)		(0.0	)		29.8		29.1
Claims against Special Attention Obligors		*29.9*		(0.7	)		(0.3	)		30.6		30.3

(Reference) Reserve Ratio

	*(%)*
Claims against Special Attention Obligors		20.08		(1.20	)		(2.17	)		21.28		22.25
Claims against Watch Obligors excluding Special Attention Obligors		4.38		(0.29	)		0.15			4.68		4.23
Claims against Normal Obligors		0.12		(0.00	)		(0.05	)		0.12		0.17

Mizuho Bank
	*(Billions of yen)*
Coverage Amount		597.4		13.7			(28.8	)		583.7		626.3
Reserves for Possible Losses on Loans		167.6		3.4			0.0			164.1		167.5
Collateral, Guarantees, and equivalent		429.8		10.2			(28.9	)		419.5		458.8

	*(%)*
Coverage Ratio		73.1		0.0			(1.4	)		73.0		74.5
Claims against Bankrupt and Substantially Bankrupt Obligors		100.0		—			—			100.0		100.0
Claims with Collection Risk		84.1		0.7			(1.2	)		83.3		85.3
Claims for Special Attention		51.2		(1.1	)		1.3			52.3		49.8
Claims against Special Attention Obligors		*53.3*		(0.2	)		0.6			53.6		52.7

Reserve Ratio against Non-collateralized Claims

	*(%)*
Claims against Bankrupt and Substantially Bankrupt Obligors		100.0		—			—			100.0		100.0
Claims with Collection Risk		61.3		0.1			(1.7	)		61.1		63.0
Claims for Special Attention		27.9		(0.4	)		(0.7	)		28.3		28.6
Claims against Special Attention Obligors		*28.4*		(0.1	)		(1.0	)		28.6		29.5

(Reference) Reserve Ratio

	*(%)*
Claims against Special Attention Obligors		18.57		(0.02	)		(1.21	)		18.59		19.79
Claims against Watch Obligors excluding Special Attention Obligors		3.61		(0.57	)		(0.30	)		4.19		3.92
Claims against Normal Obligors		0.16		0.00			(0.03	)		0.16		0.19

Mizuho Corporate Bank

	*(Billions of yen)*
Coverage Amount		181.7		(14.7	)		30.7			196.5		150.9
Reserves for Possible Losses on Loans		81.2		(20.1	)		2.6			101.4		78.5
Collateral, Guarantees, and equivalent		100.4		5.4			28.1			95.0		72.3

	*(%)*
Coverage Ratio		65.8		0.3			7.5			65.4		58.3
Claims against Bankrupt and Substantially Bankrupt Obligors		100.0		—			—			100.0		100.0
Claims with Collection Risk		79.0		(1.3	)		(4.8	)		80.4		83.9
Claims for Special Attention		52.0		4.4			13.7			47.5		38.3
Claims against Special Attention Obligors		*52.3*		2.3			10.2			50.0		42.1

Reserve Ratio against Non-collateralized Claims

	*(%)*
Claims against Bankrupt and Substantially Bankrupt Obligors		100.0		—			—			100.0		100.0
Claims with Collection Risk		68.6		(1.6	)		(2.2	)		70.3		70.9
Claims for Special Attention		31.3		(1.8	)		1.0			33.1		30.2
Claims against Special Attention Obligors		*33.0*		(2.4	)		0.7			35.4		32.3

(Reference) Reserve Ratio

	*(%)*
Claims against Special Attention Obligors		23.54		(3.93	)		(4.13	)		27.48		27.68
Claims against Watch Obligors excluding Special Attention Obligors		5.15		(0.24	)		0.43			5.39		4.72
Claims against Normal Obligors		0.09		(0.00	)		(0.06	)		0.09		0.15

Mizuho Financial Group, Inc.

Mizuho Trust & Banking (Banking Account)


	*(Billions of yen)*
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Coverage Amount		49.2		(3.9	)		(6.7	)		53.2		56.0
Reserves for Possible Losses on Loans		19.5		(0.9	)		1.8			20.5		17.6
Collateral, Guarantees, and equivalent		29.7		(3.0	)		(8.6	)		32.7		38.3

	*(%)*
Coverage Ratio		91.8		8.2			3.9			83.5		87.9
Claims against Bankrupt and Substantially Bankrupt Obligors		100.0		—			—			100.0		100.0
Claims with Collection Risk		94.5		(0.2	)		0.3			94.7		94.2
Claims for Special Attention		52.6		12.2			10.0			40.3		42.5
Claims against Special Attention Obligors		*52.8*		16.1			12.8			36.6		39.9

Reserve Ratio against Non-collateralized Claims

	*(%)*
Claims against Bankrupt and Substantially Bankrupt Obligors		100.0		—			—			100.0		100.0
Claims with Collection Risk		87.3		0.9			5.4			86.4		81.9
Claims for Special Attention		25.7		4.2			3.7			21.5		22.0
Claims against Special Attention Obligors		*25.8*		5.2			4.4			20.5		21.3

(Reference) Reserve Ratio

	*(%)*
Claims against Special Attention Obligors		16.41		0.04			0.12			16.37		16.29
Claims against Watch Obligors excluding Special Attention Obligors		4.83		(0.29	)		0.55			5.13		4.28
Claims against Normal Obligors		0.11		(0.01	)		(0.08	)		0.12		0.19

Mizuho Financial Group, Inc.

6. Overview of Non-Performing Loans (“NPLs”)

Non-Consolidated

Aggregated Figures of the 3 Banks (Banking Account)

LOGO

Notes: 1.

Claims for Special Attention is denoted on an individual loans basis.

Claims against Special Attention Obligors includes all claims, not limited to Claims for Special Attention.

2.	The difference between total Non-Accrual, Past Due & Restructured Loans and total Disclosed Claims under the FRL represents the amount of claims other than loans included in Disclosed Claims under the FRL.

Mizuho Financial Group, Inc.

7. Results of Removal of NPLs from the Balance Sheet

Non-Consolidated

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

Aggregated Figures of the 3 Banks (Banking Account + Trust Account)


	*(Billions of yen)*
	Fiscal 2009				Fiscal 2010				Fiscal 2011				Fiscal 2012
	Up to First Half of Fiscal 2009		As of March 31, 2010		As of September 30, 2010		As of March 31, 2011		As of September 30, 2011		As of March 31, 2012		As of September 30, 2012
																			Aggregated Figures of the 3 Banks
													Mizuho Bank		Mizuho Corporate Bank		Mizuho Trust & Banking				Change from March 31, 2012
Claims against Bankrupt and Substantially Bankrupt Obligors		2,745.9		222.3		189.0		145.3		106.8		84.4		39.7		5.5		28.0		73.3		(11.1	)
Claims with Collection Risk		9,380.2		458.5		345.9		196.2		158.9		142.3		99.5		14.2		5.7		119.5		(22.8	)
Amount Categorized as above up to First Half of Fiscal 2009		12,126.2		680.9		534.9		341.6		265.8		226.8		139.3		19.7		33.7		192.8		(33.9	)
of which the amount which was in the process of being removed from the balance sheet		*1,334.5*		163.7		138.6		101.9		68.9		48.9		33.3		4.5		0.3		38.2		(10.6	)
Claims against Bankrupt and Substantially Bankrupt Obligors				35.7		24.8		29.3		19.1		6.4		4.6		0.6		0.4		5.7		(0.6	)
Claims with Collection Risk				173.4		124.4		87.6		56.6		53.1		39.0		5.8		0.3		45.2		(7.9	)
Amount Newly Categorized as above during the Second Half of Fiscal 2009				209.1		149.3		117.0		75.7		59.5		43.6		6.5		0.8		51.0		(8.5	)
of which the amount which was in the process of being removed from the balance sheet				*32.0*		21.9		20.0		12.2		6.4		4.6		—		0.4		5.0		(1.3	)
Claims against Bankrupt and Substantially Bankrupt Obligors						31.9		24.8		13.1		7.3		6.2		—		0.2		6.5		(0.7	)
Claims with Collection Risk						140.6		86.7		59.6		52.9		38.8		0.5		0.2		39.6		(13.3	)
Amount Newly Categorized as above during the First Half of Fiscal 2010						172.5		111.6		72.8		60.3		45.1		0.5		0.5		46.2		(14.1	)
of which the amount which was in the process of being removed from the balance sheet						*28.8*		24.7		13.1		7.3		6.2		—		0.2		6.5		(0.7	)
Claims against Bankrupt and Substantially Bankrupt Obligors								31.8		13.9		12.7		5.6		—		0.2		5.9		(6.7	)
Claims with Collection Risk								182.5		110.3		81.1		46.3		22.7		3.1		72.3		(8.7	)
Amount Newly Categorized as above during the Second Half of Fiscal 2010								214.4		124.3		93.8		52.0		22.7		3.4		78.3		(15.5	)
of which the amount which was in the process of being removed from the balance sheet								*30.5*		13.8		8.8		5.6		—		0.2		5.9		(2.8	)
Claims against Bankrupt and Substantially Bankrupt Obligors										22.7		13.9		11.3		0.1		0.1		11.6		(2.2	)
Claims with Collection Risk										134.7		81.1		48.2		3.2		0.3		51.8		(29.3	)
Amount Newly Categorized as above during the First Half of Fiscal 2011										157.4		95.1		59.5		3.4		0.5		63.5		(31.5	)
of which the amount which was in the process of being removed from the balance sheet										*22.7*		11.1		7.7		0.1		0.1		8.1		(3.0	)
Claims against Bankrupt and Substantially Bankrupt Obligors												32.0		5.9		17.3		0.4		23.7		(8.2	)
Claims with Collection Risk												110.7		48.6		24.6		4.0		77.2		(33.5	)
Amount Newly Categorized as above during the Second Half of Fiscal 2011												142.8		54.5		41.9		4.4		101.0		(41.8	)
of which the amount which was in the process of being removed from the balance sheet												*30.8*		5.9		16.2		0.4		22.6		(8.2	)
Claims against Bankrupt and Substantially Bankrupt Obligors														14.6		1.4		0.4		16.5		16.5
Claims with Collection Risk														91.8		24.5		5.2		121.6		121.6
Amount Newly Categorized as above during the First Half of Fiscal 2012														106.4		25.9		5.7		138.1		138.1
of which the amount which was in the process of being removed from the balance sheet														*12.5*		*1.4*		*0.4*		*14.4*		14.4
Claims against Bankrupt and Substantially Bankrupt Obligors				258.0		245.8		231.4		175.8		157.0		88.3		25.1		30.1		143.6		(13.4	)
Claims with Collection Risk				632.0		611.0		553.2		520.3		521.5		412.5		95.8		19.1		527.5		6.0
Total				890.1		856.9		784.6		696.1		678.6		500.8		121.0		49.3		671.2		(7.4	)
of which the amount which was in the process of being removed from the balance sheet				195.8		189.4		177.3		131.0		113.6		76.3		22.3		2.4		101.1		(12.5	)

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

*	¨ denotes newly categorized amounts.

(2) Progress in Removal of NPLs from the Balance Sheet (Accumulated Removal Amount and Removal Ratio)

Aggregated Figures of the 3 Banks (Banking Account + Trust Account)

(Billions of yen)

(%)

Amount
Newly
Categorized

Balance as of
September 30,
2012

Accumulated
Removal
Amount

Accumulated
Removal
Ratio

Modified
Accumulated
Removal
Ratio*

Up to First Half of Fiscal 2009

12,126.2

192.8

11,933.3

98.4

98.7

Second Half of Fiscal 2009

209.1

51.0

158.1

75.6

78.0

First Half of Fiscal 2010

172.5

46.2

126.3

73.2

77.0

Second Half of Fiscal 2010

214.4

78.3

136.0

63.4

66.2

First Half of Fiscal 2011

157.4

63.5

93.9

59.6

64.8

Second Half of Fiscal 2011

142.8

101.0

41.8

29.2

45.1

First Half of Fiscal 2012

138.1

Total

13,160.9

671.2

12,489.7

*	Modified accumulated removal ratios are based on the accumulated removal amount including the amount which was in the process of being removed from the balance sheet.

Mizuho Financial Group, Inc.

(3) Breakdown of Reasons for Removal of NPLs from the Balance Sheet in the First Half of Fiscal 2012

Aggregated Figures of the 3 Banks (Banking Account + Trust Account)


	*(Billions of yen)*
	Newly Categorized																		Amount Removed from B/S in the First Half of Fiscal 2012
	Fiscal 2009						Fiscal 2010						Fiscal 2011
	Up to First Half			Second Half			First Half			Second Half			First Half			Second Half
Liquidation		(7.9	)		(0.2	)		(1.9	)		(2.0	)		(1.1	)		(0.0	)		(13.4	)
Restructuring		(0.4	)		—			—			—			—			—			(0.4	)
Improvement in Business Performance due to Restructuring		(0.3	)		—			—			—			(0.0	)		—			(0.3	)
Loan Sales		(23.9	)		(2.5	)		(2.1	)		(2.2	)		(3.2	)		(9.9	)		(44.1	)
Direct Write-off		32.3			1.8			3.2			(0.1	)		(2.4	)		(2.5	)		32.2
Other		(28.5	)		(7.6	)		(13.2	)		(11.0	)		(24.6	)		(34.3	)		(119.5	)
Debt recovery		(19.5	)		(4.5	)		(8.3	)		(6.6	)		(11.8	)		(14.2	)		(65.1	)
Improvement in Business Performance		(8.9	)		(3.0	)		(4.9	)		(4.3	)		(12.8	)		(20.0	)		(54.3	)
Total		(28.8	)		(8.5	)		(14.1	)		(15.5	)		(31.5	)		(46.9	)		(145.6	)

Mizuho Bank
Liquidation		(7.9	)		(0.2	)		(1.9	)		(2.0	)		(1.1	)		(0.0	)		(13.4	)
Restructuring		(0.4	)		—			—			—			—			—			(0.4	)
Improvement in Business Performance due to Restructuring		—			—			—			—			—			—			—
Loan Sales		(23.9	)		(2.5	)		(2.1	)		(1.1	)		(0.4	)		—			(30.2	)
Direct Write-off		27.4			1.1			3.2			2.3			(2.7	)		(2.2	)		29.2
Other		(18.4	)		(6.7	)		(8.1	)		(5.7	)		(16.2	)		(18.0	)		(73.3	)
Debt recovery		(9.5	)		(3.6	)		(3.2	)		(1.3	)		(6.1	)		(11.3	)		(35.3	)
Improvement in Business Performance		(8.9	)		(3.0	)		(4.9	)		(4.3	)		(10.1	)		(6.6	)		(38.0	)
Total		(23.2	)		(8.4	)		(8.9	)		(6.5	)		(20.5	)		(20.3	)		(88.1	)

Mizuho Corporate Bank
Liquidation		—			—			—			—			—			—			—
Restructuring		—			—			—			—			—			—			—
Improvement in Business Performance due to Restructuring		(0.3	)		—			—			—			—			—			(0.3	)
Loan Sales		(0.0	)		—			—			(1.1	)		(2.8	)		(9.9	)		(13.9	)
Direct Write-off		4.8			0.7			0.0			(2.3	)		0.3			(0.2	)		3.2
Other		(9.0	)		(0.7	)		(0.1	)		(5.1	)		(8.3	)		(15.8	)		(39.2	)
Debt recovery		(9.0	)		(0.7	)		(0.1	)		(5.1	)		(5.7	)		(2.5	)		(23.3	)
Improvement in Business Performance		—			—			—			—			(2.6	)		(13.2	)		(15.9	)
Total		(4.5	)		(0.0	)		(0.1	)		(8.6	)		(10.8	)		(26.0	)		(50.2	)

Mizuho Trust & Banking (Banking Account + Trust Account)
Liquidation		—			—			—			—			—			—			—
Restructuring		—			—			—			—			—			—			—
Improvement in Business Performance due to Restructuring		—			—			—			—			(0.0	)		—			(0.0	)
Loan Sales		—			—			—			—			—			—			—
Direct Write-off		—			(0.0	)		—			(0.1	)		(0.0	)		—			(0.2	)
Other		(1.0	)		(0.1	)		(4.9	)		(0.1	)		(0.0	)		(0.4	)		(6.9	)
Debt recovery		(0.9	)		(0.1	)		(4.9	)		(0.1	)		(0.0	)		(0.2	)		(6.5	)
Improvement in Business Performance		(0.0	)		(0.0	)		(0.0	)		(0.0	)		(0.0	)		(0.1	)		(0.4	)
Total		(1.0	)		(0.1	)		(4.9	)		(0.3	)		(0.1	)		(0.4	)		(7.1	)

(Reference) Breakdown of Accumulated Amount Removed from the Balance Sheet

Aggregated Figures of the 3 Banks (Banking Account + Trust Account)


	*(Billions of yen)*
	Amount Removed																		Accumulated Removed Amount from B/S since Second Half of Fiscal 2001
	Up to Second Half of Fiscal 2009*			In First Half of Fiscal 2010			In Second Half of Fiscal 2010			In First Half of Fiscal 2011			In Second Half of Fiscal 2011			In First Half of Fiscal 2012
Liquidation		(1,671.2	)		(19.2	)		(52.2	)		(17.9	)		(48.4	)		(13.4	)		(1,822.4	)
Restructuring		(1,865.1	)		(12.8	)		(76.2	)		(11.9	)		(11.0	)		(0.4	)		(1,977.5	)
Improvement in Business Performance due to Restructuring		(184.7	)		(0.1	)		(0.1	)		(6.5	)		(0.0	)		(0.3	)		(191.9	)
Loan Sales		(4,443.8	)		(72.3	)		(43.1	)		(9.2	)		(16.1	)		(44.1	)		(4,628.8	)
Direct Write-off		3,397.2			68.2			78.8			18.1			53.4			32.2			3,648.2
Other		(6,677.4	)		(169.3	)		(193.8	)		(218.6	)		(138.2	)		(119.5	)		(7,516.9	)
Debt recovery					(109.7	)		(161.8	)		(76.2	)		(48.8	)		(65.1	)
Improvement in Business Performance					(59.6	)		(32.0	)		(142.3	)		(89.4	)		(54.3	)
Total		(11,445.3	)		(205.8	)		(286.6	)		(245.9	)		(160.3	)		(145.6	)		(12,489.7	)

*	From the Second Half of Fiscal 2001 to the Second Half of Fiscal 2009.

Mizuho Financial Group, Inc.

8. Status of Loans by Industry

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

Non-Consolidated

Aggregated Figures of the 3 Banks (Banking Account + Trust Account)


	*(Billions of yen)*
	As of September 30, 2012																As of March 31, 2012				As of September 30, 2011
					Change from March 31, 2012						Change from September 30, 2011
	Outstanding Balance		Non-Accrual, Past Due & Restructured Loans		Outstanding Balance			Non-Accrual, Past Due & Restructured Loans			Outstanding Balance			Non-Accrual, Past Due & Restructured Loans			Outstanding Balance		Non-Accrual, Past Due & Restructured Loans		Outstanding Balance		Non-Accrual, Past Due & Restructured Loans
Domestic Total (excluding Loans Booked Offshore)		55,173.1		1,021.9		(820.8	)		11.9			(52.6	)		(18.6	)		55,993.9		1,009.9		55,225.7		1,040.6
Manufacturing		7,354.1		240.1		201.4			(18.5	)		130.3			(7.2	)		7,152.7		258.7		7,223.8		247.3
Agriculture & Forestry		31.4		0.5		(1.2	)		0.4			4.0			0.1			32.7		0.0		27.4		0.3
Fishery		2.0		0.4		(0.0	)		0.4			1.0			0.3			2.0		0.0		1.0		0.0
Mining, Quarrying Industry & Gravel Extraction Industry		170.7		—		26.2			—			11.6			—			144.5		—		159.0		—
Construction		832.2		36.5		(33.2	)		1.8			(53.6	)		(7.1	)		865.5		34.6		885.9		43.6
Utilities		1,949.7		4.0		45.9			0.1			435.2			0.0			1,903.7		3.9		1,514.5		4.0
Communication		902.3		21.5		4.0			(4.0	)		(227.9	)		(14.2	)		898.2		25.6		1,130.2		35.8
Transportation & Postal Industry		2,690.8		66.5		(89.9	)		23.1			(176.2	)		22.0			2,780.7		43.3		2,867.1		44.4
Wholesale & Retail		4,912.7		163.6		112.7			(11.0	)		198.6			(6.7	)		4,799.9		174.7		4,714.0		170.3
Finance & Insurance		6,189.7		10.4		(272.4	)		(1.1	)		(100.6	)		0.3			6,462.1		11.6		6,290.4		10.1
Real Estate		6,414.9		148.0		66.6			3.6			160.4			(8.5	)		6,348.3		144.4		6,254.5		156.6
Commodity Lease		1,551.3		2.5		5.2			0.2			14.7			0.3			1,546.0		2.2		1,536.6		2.2
Service Industries		2,481.4		100.2		54.9			(12.2	)		(263.6	)		(9.8	)		2,426.5		112.5		2,745.1		110.1
Local Governments		1,255.4		2.9		(19.8	)		(0.0	)		61.5			(0.0	)		1,275.2		2.9		1,193.8		2.9
Governments		4,833.3		—		(766.1	)		—			(64.6	)		—			5,599.4		—		4,897.9		—
Other		13,600.3		224.1		(155.2	)		29.0			(183.4	)		11.7			13,755.6		195.0		13,783.8		212.3
Overseas Total (including Loans Booked Offshore)		9,135.8		66.3		442.0			(10.1	)		1,672.9			12.9			8,693.7		76.5		7,462.8		53.3
Governments		332.0		—		(24.3	)		—			(6.9	)		—			356.4		—		339.0		—
Financial Institutions		3,261.0		9.2		211.5			9.2			724.2			9.2			3,049.4		0.0		2,536.7		—
Other		5,542.7		57.1		254.9			(19.3	)		955.6			3.7			5,287.8		76.5		4,587.1		53.3
Total		64,308.9		1,088.3		(378.7	)		1.8			1,620.3			(5.6	)		64,687.7		1,086.5		62,688.6		1,094.0

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

As of September 30, 2012: ¥568.8 billion (from MHBK ¥530.0 billion; from MHCB ¥38.8 billion)

As of March 31, 2012: ¥741.0 billion (from MHBK ¥700.0 billion; from MHCB ¥41.0 billion)

As of September 30, 2011: ¥738.3 billion (from MHBK ¥700.0 billion; from MHCB ¥38.3 billion)

*	Amounts of Outstanding Balances are aggregated figures of banking and trust accounts, and amounts of Non-Accrual, Past Due & Restructured Loans are aggregated figures of banking and trust accounts with contracts indemnifying the principal amounts.

Mizuho Financial Group, Inc.


	*(Billions of yen)*
	As of September 30, 2012																As of March 31, 2012				As of September 30, 2011
	Outstanding Balance		Non-Accrual, Past Due & Restructured Loans		Change from March 31, 2012						Change from September 30, 2011						Outstanding Balance		Non-Accrual, Past Due & Restructured Loans		Outstanding Balance		Non-Accrual, Past Due & Restructured Loans
	Outstanding Balance		Non-Accrual, Past Due & Restructured Loans		Outstanding Balance			Non-Accrual, Past Due & Restructured Loans			Outstanding Balance			Non-Accrual, Past Due & Restructured Loans			Outstanding Balance		Non-Accrual, Past Due & Restructured Loans		Outstanding Balance		Non-Accrual, Past Due & Restructured Loans
Mizuho Bank

Domestic Total (excluding Loans Booked Offshore)		31,502.6		798.5		(1,038.2	)		19.1			(474.3	)		(16.8	)		32,540.8		779.4		31,977.0		815.4
Manufacturing		2,831.9		172.6		49.7			5.7			77.2			6.1			2,782.2		166.8		2,754.7		166.4
Agriculture & Forestry		31.1		0.5		(1.2	)		0.4			4.1			0.1			32.3		0.0		27.0		0.3
Fishery		2.0		0.4		(0.0	)		0.4			1.0			0.3			2.0		0.0		1.0		0.0
Mining, Quarrying Industry & Gravel Extraction Industry		5.1		—		0.2			—			(0.1	)		—			4.9		—		5.3		—
Construction		471.3		25.8		(25.2	)		(0.6	)		(23.8	)		(2.0	)		496.6		26.5		495.2		27.9
Utilities		56.8		—		(1.8	)		(0.0	)		(3.3	)		(0.1	)		58.6		0.0		60.2		0.1
Communication		302.5		20.6		(14.7	)		(3.3	)		(10.9	)		(9.2	)		317.2		23.9		313.4		29.9
Transportation & Postal Industry		1,082.1		63.1		8.9			21.7			(84.2	)		27.5			1,073.1		41.4		1,166.4		35.5
Wholesale & Retail		3,522.3		160.6		24.6			(11.3	)		115.6			(6.6	)		3,497.7		171.9		3,406.7		167.2
Finance & Insurance		1,757.3		10.4		(208.3	)		(1.1	)		(249.3	)		0.3			1,965.7		11.6		2,006.7		10.1
Real Estate		3,168.3		91.9		46.6			2.9			19.5			(14.1	)		3,121.6		89.0		3,148.7		106.1
Commodity Lease		181.2		2.5		0.1			0.2			(1.7	)		0.3			181.0		2.2		182.9		2.2
Service Industries		1,890.6		97.9		69.6			0.9			(132.1	)		(5.8	)		1,821.0		97.0		2,022.7		103.8
Local Governments		1,101.8		—		(12.6	)		—			69.2			—			1,114.5		—		1,032.6		—
Governments		3,519.0		—		(987.4	)		—			(253.7	)		—			4,506.5		—		3,772.8		—
Other		11,578.4		151.7		13.2			3.1			(1.6	)		(13.7	)		11,565.2		148.5		11,580.0		165.4
Overseas Total (including Loans Booked Offshore)		—		—		—			—			—			—			—		—		—		—
Governments		—		—		—			—			—			—			—		—		—		—
Financial Institutions		—		—		—			—			—			—			—		—		—		—
Other		—		—		—			—			—			—			—		—		—		—
Total		31,502.6		798.5		(1,038.2	)		19.1			(474.3	)		(16.8	)		32,540.8		779.4		31,977.0		815.4
Mizuho Corporate Bank
Domestic Total (excluding Loans Booked Offshore)		19,309.8		194.4		(61.1	)		2.9			493.2			8.3			19,370.9		191.4		18,816.5		186.0
Manufacturing		3,991.2		64.7		149.7			(20.4	)		87.3			(10.6	)		3,841.5		85.1		3,903.9		75.3
Agriculture & Forestry		0.2		—		(0.0	)		—			(0.0	)		—			0.3		—		0.3		—
Fishery		—		—		—			—			—			—			—		—		—		—
Mining, Quarrying Industry & Gravel Extraction Industry		162.3		—		26.3			—			13.9			—			135.9		—		148.4		—
Construction		300.2		10.5		(4.4	)		2.4			(10.6	)		(5.0	)		304.7		8.0		310.8		15.5
Utilities		1,697.3		4.0		42.1			0.2			406.3			0.2			1,655.2		3.8		1,291.0		3.8
Communication		531.6		0.4		20.3			(0.6	)		63.3			(4.8	)		511.2		1.1		468.2		5.3
Transportation & Postal Industry		1,394.2		3.2		(102.1	)		1.4			(93.1	)		(5.5	)		1,496.3		1.8		1,487.4		8.8
Wholesale & Retail		1,186.6		1.9		63.1			(0.0	)		70.4			(0.2	)		1,123.4		2.0		1,116.2		2.2
Finance & Insurance		3,996.5		—		(187.8	)		—			67.3			—			4,184.4		—		3,929.2		—
Real Estate		2,214.3		40.9		13.9			2.5			72.0			10.7			2,200.3		38.3		2,142.2		30.1
Commodity Lease		1,165.2		—		8.5			—			12.7			—			1,156.7		—		1,152.4		—
Service Industries		520.0		1.3		(8.2	)		(8.7	)		(94.8	)		(3.4	)		528.2		10.1		614.8		4.8
Local Governments		123.7		—		(1.2	)		—			(1.2	)		—			125.0		—		124.9		—
Governments		914.4		—		97.4			—			88.4			—			816.9		—		825.9		—
Other		1,111.4		67.1		(178.7	)		26.3			(188.7	)		27.2			1,290.1		40.7		1,300.2		39.9
Overseas Total (including Loans Booked Offshore)		9,130.5		66.3		442.6			(10.1	)		1,673.2			12.9			8,687.8		76.5		7,457.2		53.3
Governments		331.5		—		(24.2	)		—			(6.8	)		—			355.8		—		338.4		—
Financial Institutions		3,261.0		9.2		211.5			9.2			724.2			9.2			3,049.4		0.0		2,536.7		—
Other		5,537.9		57.1		255.3			(19.3	)		955.9			3.7			5,282.6		76.5		4,582.0		53.3
Total		28,440.3		260.8		381.5			(7.1	)		2,166.5			21.3			28,058.8		267.9		26,273.7		239.4
Mizuho Trust & Banking (Banking Account + Trust Account)
Domestic Total (excluding Loans Booked Offshore)		4,360.6		28.9		278.4			(10.1	)		(71.5	)		(10.1	)		4,082.1		39.1		4,432.1		39.1
Manufacturing		530.9		2.7		1.9			(3.8	)		(34.3	)		(2.7	)		528.9		6.6		565.2		5.5
Agriculture & Forestry		0.0		—		(0.0	)		—			(0.0	)		—			0.0		—		0.0		—
Fishery		—		—		—			—			—			—			—		—		—		—
Mining, Quarrying Industry & Gravel Extraction Industry		3.1		—		(0.4	)		—			(2.1	)		—			3.6		—		5.3		—
Construction		60.6		0.1		(3.4	)		0.1			(19.1	)		0.0			64.1		0.0		79.8		0.1
Utilities		195.4		—		5.6			—			32.2			—			189.7		—		163.2		—
Communication		68.2		0.4		(1.5	)		(0.0	)		(280.3	)		(0.1	)		69.7		0.5		348.5		0.6
Transportation & Postal Industry		214.4		0.0		3.2			(0.0	)		1.1			(0.0	)		211.1		0.0		213.3		0.0
Wholesale & Retail		203.7		1.0		24.9			0.3			12.6			0.1			178.8		0.7		191.1		0.9
Finance & Insurance		435.8		—		123.8			—			81.4			—			312.0		—		354.4		—
Real Estate		1,032.2		15.2		5.9			(1.7	)		68.8			(5.1	)		1,026.2		17.0		963.4		20.3
Commodity Lease		204.8		—		(3.3	)		—			3.7			—			208.2		—		201.1		—
Service Industries		70.7		0.9		(6.4	)		(4.4	)		(36.6	)		(0.5	)		77.2		5.4		107.4		1.5
Local Governments		29.8		2.9		(5.9	)		(0.0	)		(6.3	)		(0.0	)		35.7		2.9		36.1		2.9
Governments		399.8		—		123.8			—			100.6			—			275.9		—		299.1		—
Other		910.4		5.2		10.2			(0.4	)		6.9			(1.7	)		900.2		5.7		903.4		6.9
Overseas Total (including Loans Booked Offshore)		5.3		—		(0.5	)		—			(0.3	)		—			5.8		—		5.6		—
Governments		0.5		—		(0.0	)		—			(0.0	)		—			0.6		—		0.6		—
Financial Institutions		—		—		—			—			—			—			—		—		—		—
Other		4.7		—		(0.4	)		—			(0.2	)		—			5.2		—		5.0		—
Total		4,365.9		28.9		277.9			(10.1	)		(71.8	)		(10.1	)		4,088.0		39.1		4,437.8		39.1

*	Amounts of outstanding loans are aggregated figures of banking and trust accounts, and amounts of non-accrual, past due & restructured loans are aggregated figures of banking and trust accounts with contracts indemnifying the principal amounts.

Mizuho Financial Group, Inc.

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

Non-Consolidated

Aggregated Figures of the 3 Banks (Banking Account + Trust Account)


	*(Billions of yen, %)*
	As of September 30, 2012																As of March 31, 2012				As of September 30, 2011
					Change from March 31, 2012						Change from September 30, 2011
	Disclosed Claims under the FRL		Coverage Ratio		Disclosed Claims under the FRL			Coverage Ratio			Disclosed Claims under the FRL			Coverage Ratio			Disclosed Claims under the FRL		Coverage Ratio		Disclosed Claims under the FRL		Coverage Ratio
Domestic Total (excluding Loans Booked Offshore)		1,073.9		73.8		10.7			0.9			(25.4	)		0.9			1,063.2		72.9		1,099.4		72.9
Manufacturing		246.8		65.7		(17.8	)		1.8			(7.3	)		9.3			264.6		63.9		254.1		56.4
Agriculture & Forestry		0.4		40.0		0.3			(35.2	)		0.0			(47.4	)		0.0		75.3		0.3		87.5
Fishery		0.4		30.7		0.3			(69.2	)		0.3			(69.2	)		0.0		100.0		0.0		100.0
Mining, Quarrying Industry & Gravel Extraction Industry		0.0		100.0		(0.0	)		—			(0.0	)		—			0.0		100.0		0.0		100.0
Construction		36.2		70.8		1.2			(0.7	)		(8.3	)		2.4			35.0		71.6		44.5		68.3
Utilities		4.0		57.0		0.1			(2.0	)		0.0			38.6			3.9		59.1		4.0		18.4
Communication		21.8		61.6		(4.2	)		(2.0	)		(14.5	)		(4.7	)		26.0		63.6		36.3		66.4
Transportation & Postal Industry		66.5		81.8		23.0			(0.0	)		20.9			13.8			43.4		81.9		45.5		68.0
Wholesale & Retail		171.1		61.7		(11.6	)		(0.9	)		(9.2	)		(3.6	)		182.8		62.7		180.4		65.4
Finance & Insurance		10.4		28.1		(1.3	)		(2.8	)		0.3			(1.2	)		11.7		31.0		10.1		29.4
Real Estate		165.6		88.3		21.0			3.3			8.1			1.0			144.6		84.9		157.5		87.3
Commodity Lease		2.5		70.7		0.2			(11.0	)		0.3			(10.7	)		2.2		81.8		2.2		81.5
Service Industries		94.6		64.5		(20.8	)		2.6			(18.7	)		(1.4	)		115.4		61.8		113.3		65.9
Local Governments		30.7		100.0		(0.0	)		—			0.0			—			30.7		100.0		30.6		100.0
Other		222.4		83.6		20.2			(6.0	)		2.4			(9.9	)		202.2		89.6		220.0		93.5
Overseas Total (including Loans Booked Offshore)		76.1		50.5		(26.2	)		(9.1	)		9.5			(1.5	)		102.4		59.6		66.6		52.0
Governments		—		—		—			—			—			—			—		—		—		—
Financial Institutions		9.2		62.6		9.2			(37.3	)		9.2			62.6			0.0		99.9		—		—
Other		66.8		48.8		(35.5	)		(10.8	)		0.2			(3.2	)		102.4		59.6		66.6		52.0
Total		1,150.1		72.3		(15.4	)		0.5			(15.9	)		0.5			1,165.6		71.7		1,166.0		71.7

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

Mizuho Financial Group, Inc.

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

(1) Balance of Housing and Consumer Loans

Non-Consolidated

Aggregated Figures of the 3 Banks (Banking Account + Trust Account)


	*(Billions of yen)*
	As of September 30, 2012
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Housing and Consumer Loans		12,057.3		(38.5	)		(121.6	)		12,095.9		12,179.0
Housing Loans for owner’s residential housing		*10,336.8*		(1.3	)		(37.6	)		10,338.1		10,374.4

Mizuho Bank
Housing and Consumer Loans		11,849.1		(23.6	)		(91.0	)		11,872.7		11,940.1
Housing Loans		10,911.5		(41.3	)		(113.0	)		10,952.8		11,024.5
for owner’s residential housing		*10,154.0*		11.1			(11.9	)		10,142.9		10,166.0
Consumer loans		937.6		17.7			21.9			919.8		915.6

Mizuho Corporate Bank
Housing and Consumer Loans		—		—			—			—		—
Housing Loans		—		—			—			—		—
for owner’s residential housing		—		—			—			—		—
Consumer loans		—		—			—			—		—

Mizuho Trust & Banking (Banking Account + Trust Account)
Housing and Consumer Loans		208.2		(14.9	)		(30.6	)		223.1		238.8
Housing Loans for owner’s residential housing		*182.7*		(12.5	)		(25.6	)		195.2		208.4

*	Above figures are aggregated banking and trust account amounts.

(2) Loans to SMEs and Individual Customers

Non-Consolidated

Aggregated Figures of the 3 Banks (Banking Account + Trust Account)


	*(%, Billions of yen)*
	As of September 30, 2012
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans		57.1		0.3			(0.3	)		56.8		57.4
Loans to SMEs and Individual Customers		31,537.5		(270.2	)		(203.9	)		31,807.7		31,741.4

Mizuho Bank
Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans		71.8		2.6			0.9			69.1		70.8
Loans to SMEs and Individual Customers		22,632.3		130.4			(38.3	)		22,501.8		22,670.7

Mizuho Corporate Bank
Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans		35.1		(2.2	)		(2.3	)		37.3		37.4
Loans to SMEs and Individual Customers		6,785.4		(449.4	)		(266.0	)		7,234.9		7,051.5

Mizuho Trust & Banking (Banking Account + Trust Account)
Percentage of Loans to SMEs and Individual Customers, of Total Domestic Loans		48.6		(2.1	)		3.0			50.7		45.5
Loans to SMEs and Individual Customers		2,119.7		48.7			100.4			2,070.9		2,019.2

*	Above figures are aggregated 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.)

Mizuho Financial Group, Inc.

10. Status of Loans by Region

(1) Balance of Loans to Restructuring Countries

Non-Consolidated

Aggregated Figures of the 3 Banks (Banking Account + Trust Account)


	*(Billions of yen, Number of countries)*
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Loan amount		0.0		(0.0	)		(0.0	)		0.0		0.0
Number of Restructuring Countries*		3		—			—			3		3

*	Number of Restructuring Countries refers to the countries of obligors’ residence.

(2) Outstanding Balances and Non-Accrual, Past Due & Restructured Loans by Region

Non-Consolidated

Aggregated Figures of the 3 Banks (Banking Account + Trust Account)

(Billions of yen)

As of September 30, 2012

Change from March 31, 2012

Change from September 30, 2011

As of March 31, 2012

As of September 30, 2011

Outstanding
Balance

Non-Accrual,
Past Due and
Restructured
Loans

Outstanding
Balance

Non-Accrual,
Past Due and
Restructured
Loans

Outstanding
Balance

Non-Accrual,
Past Due and
Restructured
Loans

Outstanding
Balance

Non-Accrual,
Past Due and
Restructured
Loans

Outstanding
Balance

Non-Accrual,
Past Due and
Restructured
Loans

Asia

3,294.6

27.9

199.8

5.8

593.1

14.9

3,094.8

22.1

2,701.5

13.0

Hong Kong

697.2

4.8

27.8

3.8

77.8

3.3

669.4

0.9

619.4

1.4

South Korea

484.3

1.4

27.6

(0.1

)

135.1

1.4

456.7

1.5

349.2

—

Singapore

508.9

11.4

74.4

7.4

142.5

7.7

434.5

3.9

366.4

3.6

Thailand

476.6

1.0

41.1

(4.6

)

103.6

(4.4

)

435.5

5.7

373.0

5.5

Central and South America

2,819.7

90.7

(66.7

)

37.4

230.5

38.1

2,886.4

53.2

2,589.1

52.5

North America

2,620.0

1.5

113.8

(1.1

)

442.7

(3.1

)

2,506.2

2.7

2,177.3

4.7

Eastern Europe

18.9

0.6

(1.8

)

0.6

(13.1

)

(6.3

)

20.8

—

32.1

7.0

Western Europe

2,188.0

42.3

(102.6

)

(5.2

)

173.5

4.5

2,290.6

47.5

2,014.4

37.7

Other

919.5

10.1

11.4

1.7

212.7

9.6

908.1

8.4

706.8

0.5

Total

11,861.0

173.4

153.7

39.4

1,639.6

57.8

11,707.2

134.0

10,221.3

115.5

Mizuho Financial Group, Inc.

III. DEFERRED TAXES

1. Change in Deferred Tax Assets, etc.

Consolidated



	*(Billions of yen)*
	As of September 30, 2012
				Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012			As of September 30, 2011
Net Deferred Tax Assets (A)		420.4			79.6			(17.8	)		340.7			438.2
(Reference)
Tier I Capital (B)		6,290.6			(108.3	)		220.8			6,398.9			6,069.8
(A)/(B) (%)		6.6			1.3			(0.5	)		5.3			7.2

Non-Consolidated

	*(Billions of yen)*
	As of September 30, 2012
				Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012			As of September 30, 2011
Mizuho Bank
Total Deferred Tax Assets (A)		597.7			(2.1	)		(165.5	)		599.9			763.2
Total Deferred Tax Liabilities (B)		(133.1	)		(6.5	)		10.7			(126.6	)		(143.9	)
(A) + (B)		464.5			(8.6	)		(154.7	)		473.2			619.3
Valuation Allowance		(249.8	)		0.5			132.9			(250.4	)		(382.8	)
Net Deferred Tax Assets (C)		214.6			(8.1	)		(21.7	)		222.7			236.4
(Reference)
Tier I Capital (D)		2,330.6			(49.0	)		(15.7	)		2,379.6			2,346.3
(C)/(D) (%)		9.2			(0.1	)		(0.8	)		9.3			10.0

Mizuho Corporate Bank
Total Deferred Tax Assets (A)		899.2			26.3			(185.8	)		872.8			1,085.0
Total Deferred Tax Liabilities (B)		(176.9	)		11.9			45.0			(188.8	)		(221.9	)
(A) + (B)		722.3			38.3			(140.7	)		684.0			863.1
Valuation Allowance		(582.3	)		39.1			185.5			(621.5	)		(767.8	)
Net Deferred Tax Assets (C)		139.9			77.4			44.7			62.4			95.2
(Reference)
Tier I Capital (D)		4,057.0			(78.1	)		39.0			4,135.2			4,018.0
(C)/(D) (%)		3.4			1.9			1.0			1.5			2.3

Mizuho Trust & Banking
Total Deferred Tax Assets (A)		91.7			1.6			(24.3	)		90.0			116.1
Total Deferred Tax Liabilities (B)		(10.3	)		2.2			1.7			(12.5	)		(12.0	)
(A) + (B)		81.4			3.9			(22.6	)		77.5			104.1
Valuation Allowance		(65.2	)		(0.5	)		22.0			(64.7	)		(87.3	)
Net Deferred Tax Assets (C)		16.1			3.3			(0.6	)		12.8			16.8
(Reference)
Tier I Capital (D)		333.7			1.3			23.5			332.4			310.2
(C)/(D) (%)		4.8			0.9			(0.5	)		3.8			5.4

Aggregated Figures of the 3 Banks
Total Deferred Tax Assets (A)		1,588.8			25.9			(375.7	)		1,562.9			1,964.5
Total Deferred Tax Liabilities (B)		(320.4	)		7.6			57.5			(328.0	)		(378.0	)
(A) + (B)		1,268.3			33.5			(318.1	)		1,234.8			1,586.5
Valuation Allowance		(897.5	)		39.2			340.5			(936.7	)		(1,238.0	)
Net Deferred Tax Assets (C)		370.8			72.7			22.4			298.0			348.4
(Reference)
Tier I Capital (D)		6,721.4			(125.7	)		46.7			6,847.2			6,674.6
(C)/(D) (%)		5.5			1.1			0.2			4.3			5.2

Mizuho Financial Group, Inc.

2. Estimation for Calculating Deferred Tax Assets

Non-Consolidated

Mizuho Bank

1. Estimate of future taxable income


		*(Billions of yen)*
		Total amount for five years (from October 1, 2012 to September 30, 2017)
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans)	1	1,425.1
Income before Income Taxes	2	945.3
Tax Adjustments *1	3	377.1
Taxable Income before Current Deductible Temporary Differences *2	4	1,322.4
Effective Statutory Tax Rate	5	37.91%/35.54%
Deferred Tax Assets corresponding to Taxable Income before Current Deductible Temporary Differences [4 x 5 ]	6	489.2

*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 September 30, 2012.

(Reference) Past results of taxable income (tax loss)


	*(Billions of yen)*
Fiscal 2008		128.9
Fiscal 2009		94.8
Fiscal 2010		115.8
Fiscal 2011		137.9
First Half of Fiscal 2012 (estimate)		106.0

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 First Half of Fiscal 2012 is an estimate of taxable income.

2. Breakdown of Deferred Tax Assets


		*(Billions of yen)*
		As of September 30, 2012									As of March 31, 2012			As of September 30, 2011
					Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012			As of September 30, 2011
Reserves for Possible Losses on Loans	7		143.1			(11.4	)		(52.3	)		154.6			195.5
Impairment of Securities	8		257.5			25.1			(4.3	)		232.4			261.8
Net Unrealized Losses on Other Securities	9		14.4			(15.4	)		(33.9	)		29.9			48.4
Reserve for Employee Retirement Benefits	10		—			—			—			—			—
Net Deferred Hedge Losses	11		2.0			(4.3	)		1.5			6.4			0.5
Tax Losses Carried Forward	12		—			—			(58.8	)		—			58.8
Other	13		180.5			4.0			(17.4	)		176.4			198.0

Total Deferred Tax Assets	14		597.7			(2.1	)		(165.5	)		599.9			763.2

Valuation Allowance	15		(249.8	)		0.5			132.9			(250.4	)		(382.8	)

Sub-Total [ 14 + 15 ]	16		347.8			(1.5	)		(32.5	)		349.4			380.4

Amount related to Retirement Benefits Accounting *1	17		(83.9	)		2.5			18.5			(86.5	)		(102.5	)
Net Unrealized Gains on Other Securities	18		(20.3	)		(9.7	)		(11.9	)		(10.6	)		(8.4	)
Net Deferred Hedge Gains	19		—			—			—			—			—
Other	20		(28.8	)		0.6			4.2			(29.4	)		(33.0	)

Total Deferred Tax Liabilities	21		(133.1	)		(6.5	)		10.7			(126.6	)		(143.9	)

Net Deferred Tax Assets (Liabilities) [16 + 21]	22		214.6			(8.1	)		(21.7	)		222.7			236.4
Tax effects related to Net Unrealized Losses (Gains) on Other Securities *2	23		(20.3	)		(9.7	)		(11.9	)		(10.6	)		(8.4	)
Tax effects related to Net Deferred Hedge Losses (Gains)	24		2.0			(4.3	)		1.5			6.4			0.5
Tax effects related to others	25		233.0			6.0			(11.3	)		227.0			244.3

*1	Amount related to Retirement Benefits Accounting includes ¥(65.0) billion related to gains on securities contributed to employee retirement benefit trust.

*2	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 the provisory clause of 5. (1) „ of “Audit Guideline for Considering Recoverability of Deferred Tax Assets” (JICPA Audit Committee Report No. 66). Period for future taxable income considered in the assessment is five years.

Future taxable income was estimated using assumptions used in the Business Plan, etc. Details of the respective estimated five-year totals are as follows:

Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans): ¥1,425.1 billion [1]

Income before Income Taxes: ¥945.3 billion [2]

Taxable Income before Current Deductible Temporary Differences: ¥1,322.4 billion [4].

On the other hand, Deferred Tax Assets which are tax deductible in the future, such as Reserves for Possible Losses on Loans amount to ¥597.7 billion [14]. However, after considering temporary differences which are not expected to be reversed in the next five years, Valuation Allowance of ¥249.8 billion [15] was provided, therefore after offsetting Deferred Tax Liabilities of ¥133.1 billion [21], ¥214.6 billion [22] of Net Deferred Tax Assets was recorded on the balance sheet.

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

Mizuho Financial Group, Inc.

Mizuho Corporate Bank

1. Estimate of future taxable income


		*(Billions of yen)*
		Total amount for five years (from October 1, 2012 to September 30, 2017)
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans)	1		2,373.4
Income before Income Taxes	2		1,703.5
Tax Adjustments *1	3		226.8
Taxable Income before Current Deductible Temporary Differences *2	4		1,930.3
Effective Statutory Tax Rate	5		38.01%/35.64%
Deferred Tax Assets corresponding to Taxable Income before Current Deductible Temporary Differences [4 x 5]	6		712.7

*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 September 30, 2012.

(Reference) Past results of taxable income (tax loss)


	*(Billions of yen)*
Fiscal 2008		236.1
Fiscal 2009		96.8
Fiscal 2010		177.8
Fiscal 2011		323.1
First Half of Fiscal 2012 (estimate)		206.0

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 First Half of Fiscal 2012 is an estimate of taxable income.

2. Breakdown of Deferred Tax Assets


		*(Billions of yen)*
		As of September 30, 2012									As of March 31, 2012			As of September 30, 2011
					Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012			As of September 30, 2011
Reserves for Possible Losses on Loans	7		81.3			2.7			(2.7	)		78.5			84.0
Impairment of Securities	8		635.9			40.5			(56.5	)		595.4			692.5
Net Unrealized Losses on Other Securities	9		65.4			(4.2	)		(47.8	)		69.7			113.3
Reserve for Employee Retirement Benefits	10		—			—			—			—			—
Net Deferred Hedge Losses	11		—			—			—			—			—
Tax Losses Carried Forward	12		—			—			(42.0	)		—			42.0
Other	13		116.5			(12.6	)		(36.5	)		129.1			153.0

Total Deferred Tax Assets	14		899.2			26.3			(185.8	)		872.8			1,085.0

Valuation Allowance	15		(582.3	)		39.1			185.5			(621.5	)		(767.8	)

Sub-Total [14 + 15]	16		316.9			65.5			(0.2	)		251.3			317.1

Amount related to Retirement Benefits Accounting *1	17		(45.7	)		1.2			9.5			(47.0	)		(55.3	)
Net Unrealized Gains on Other Securities	18		(20.9	)		20.3			8.3			(41.3	)		(29.2	)
Net Deferred Hedge Gains	19		(99.3	)		(12.9	)		24.5			(86.3	)		(123.8	)
Other	20		(10.8	)		3.2			2.6			(14.1	)		(13.4	)

Total Deferred Tax Liabilities	21		(176.9	)		11.9			45.0			(188.8	)		(221.9	)

Net Deferred Tax Assets (Liabilities) [16 + 21]	22		139.9			77.4			44.7			62.4			95.2
Tax effects related to Net Unrealized Losses (Gains) on Other Securities *2	23		(4.7	)		22.9			(16.4	)		(27.7	)		11.6
Tax effects related to Net Deferred Hedge Losses (Gains)	24		(99.3	)		(12.9	)		24.5			(86.3	)		(123.8	)
Tax effects related to others	25		244.0			67.4			36.6			176.5			207.3

*1	Amount related to Retirement Benefits Accounting includes ¥(23.1) billion related to gains on securities contributed to employee retirement benefit trust.

*2	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 5. (1) ‚ of “Audit Guideline for Considering Recoverability of Deferred Tax Assets” (JICPA Audit Committee Report No. 66).

Future taxable income was estimated using assumptions used in the Business Plan, etc. Details of the respective estimated five-year totals are as follows:

Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans): ¥2,373.4 billion [1]

Income before Income Taxes: ¥1,703.5 billion [2]

Taxable Income before Current Deductible Temporary Differences: ¥1,930.3 billion [4].

On the other hand, Deferred Tax Assets which are tax deductible in the future, such as Reserves for Possible Losses on Loans amount to ¥899.2 billion [14]. However, after considering temporary differences which are not expected to be reversed, Valuation Allowance of ¥582.3 billion [15] was provided, therefore after offsetting Deferred Tax Liabilities of ¥176.9 billion [21], ¥139.9 billion [22] of Net Deferred Tax Assets was recorded on the balance sheet.

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

Mizuho Financial Group, Inc.

Mizuho Trust & Banking

1. Estimate of future taxable income


		*(Billions of yen)*
		Total amount for five years (from October 1, 2012 to September 30, 2017)
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans)	1		266.5
Income before Income Taxes	2		196.4
Tax Adjustments *1	3		29.2
Taxable Income before Current Deductible Temporary Differences *2	4		225.6

Effective Statutory Tax Rate	5		38.00%/35.60%
Deferred Tax Assets corresponding to Taxable Income before Current Deductible Temporary Differences [4 x 5]	6		83.2

*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 September 30, 2012.

(Reference) Past results of taxable income (tax loss)


	*(Billions of yen)*
Fiscal 2008		10.3
Fiscal 2009		16.7
Fiscal 2010		20.1
Fiscal 2011		30.8
First Half of Fiscal 2012 (estimate)		8.5

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 First Half of Fiscal 2012 is an estimate of taxable income.

2. Breakdown of Deferred Tax Assets


		*(Billions of yen)*
		As of September 30, 2012									As of March 31, 2012			As of September 30, 2011
					Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012			As of September 30, 2011
Reserves for Possible Losses on Loans	7		7.1			(0.3	)		(2.6	)		7.4			9.8
Impairment of Securities	8		55.0			3.2			(4.0	)		51.8			59.0
Net Unrealized Losses on Other Securities	9		3.5			0.1			(1.9	)		3.4			5.5
Reserve for Employee Retirement Benefits	10		13.0			0.6			(0.2	)		12.4			13.3
Net Deferred Hedge Losses	11		0.9			(1.2	)		(1.9	)		2.2			2.9
Tax Losses Carried Forward	12		—			—			(11.1	)		—			11.1
Other	13		11.8			(0.7	)		(2.4	)		12.5			14.3

Total Deferred Tax Assets	14		91.7			1.6			(24.3	)		90.0			116.1

Valuation Allowance	15		(65.2	)		(0.5	)		22.0			(64.7	)		(87.3	)

Sub-Total [ 14 + 15 ]	16		26.5			1.1			(2.3	)		25.3			28.8

Amount related to Retirement Benefits Accounting *1	17		(5.3	)		—			0.7			(5.3	)		(6.0	)
Net Unrealized Gains on Other Securities	18		(4.7	)		2.0			0.8			(6.7	)		(5.6	)
Net Deferred Hedge Gains	19		—			—			—			—			—
Other	20		(0.3	)		0.1			0.0			(0.4	)		(0.3	)

Total Deferred Tax Liabilities	21		(10.3	)		2.2			1.7			(12.5	)		(12.0	)

Net Deferred Tax Assets (Liabilities) [16 + 21]	22		16.1			3.3			(0.6	)		12.8			16.8
Tax effects related to Net Unrealized Losses (Gains) on Other Securities *2	23		(4.2	)		1.6			(0.9	)		(5.8	)		(3.2	)
Tax effects related to Net Deferred Hedge Losses (Gains)	24		0.9			(1.2	)		(1.9	)		2.2			2.9
Tax effects related to others	25		19.4			3.0			2.3			16.3			17.0

*1.	Amount related to Retirement Benefits Accounting is deferred tax liabilities related to gains on securities contributed to employee retirement benefit trust.

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

Future taxable income was estimated using assumptions used in the Business Plan, etc. Details of the respective estimated five-year totals are as follows:

Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans): ¥266.5 billion [1]

Income before Income Taxes: ¥196.4 billion [2]

Taxable Income before Current Deductible Temporary Differences: ¥225.6 billion [4].

On the other hand, Deferred Tax Assets which are tax deductible in the future, such as Reserves for Possible Losses on Loans amount to ¥91.7 billion [14]. However, after considering temporary differences which are not expected to be reversed in the next five years, Valuation Allowance of ¥65.2 billion [15] was provided, therefore after offsetting Deferred Tax Liabilities of ¥10.3 billion [21], ¥16.1 billion [22] of Net Deferred Tax Assets was recorded on the balance sheet.

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

Mizuho Financial Group, Inc.

Aggregated Figures of the 3 Banks

1. Estimate of future taxable income


		*(Billions of yen)*
		Total amount for five years (from October 1, 2012 to September 30, 2017)
Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans)	1		4,065.0
Income before Income Taxes	2		2,845.2
Tax Adjustments *1	3		633.2
Taxable Income before Current Deductible Temporary Differences *2	4		3,478.4
Effective Statutory Tax Rate	5		35.54%~38.01%
Deferred Tax Assets corresponding to Taxable Income before Current Deductible Temporary Differences [ 4 x 5 ]	6		1,285.2

*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 September 30, 2012.

(Reference) Past results of taxable income (tax loss)


	*(Billions of yen)*
Fiscal 2008		375.3
Fiscal 2009		208.3
Fiscal 2010		313.7
Fiscal 2011		491.9
First Half of Fiscal 2012 (estimate)		320.5

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 First Half of Fiscal 2012 is an estimate of taxable income.

2. Breakdown of Deferred Tax Assets


		*(Billions of yen)*
		As of September 30, 2012									As of March 31, 2012			As of September 30, 2011
					Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012			As of September 30, 2011
Reserves for Possible Losses on Loans	7		231.6			(9.0	)		(57.7	)		240.6			289.3
Impairment of Securities	8		948.5			68.8			(64.9	)		879.7			1,013.4
Net Unrealized Losses on Other Securities	9		83.5			(19.6	)		(83.7	)		103.1			167.2
Reserve for Employee Retirement Benefits	10		13.0			0.6			(0.2	)		12.4			13.3
Net Deferred Hedge Losses	11		3.0			(5.6	)		(0.4	)		8.6			3.4
Tax Losses Carried Forward	12		—			—			(112.1	)		—			112.1
Other	13		308.9			(9.2	)		(56.5	)		318.2			365.5

Total Deferred Tax Assets	14		1,588.8			25.9			(375.7	)		1,562.9			1,964.5

Valuation Allowance	15		(897.5	)		39.2			340.5			(936.7	)		(1,238.0	)

Sub-Total [ 14 + 15 ]	16		691.3			65.1			(35.1	)		626.1			726.4

Amount related to Retirement Benefits Accounting *1	17		(135.0	)		3.8			28.8			(138.9	)		(163.9	)
Net Unrealized Gains on Other Securities	18		(46.0	)		12.6			(2.7	)		(58.7	)		(43.3	)
Net Deferred Hedge Gains	19		(99.3	)		(12.9	)		24.5			(86.3	)		(123.8	)
Other	20		(39.9	)		4.1			6.9			(44.0	)		(46.8	)

Total Deferred Tax Liabilities	21		(320.4	)		7.6			57.5			(328.0	)		(378.0	)

Net Deferred Tax Assets (Liabilities) [16 + 21]	22		370.8			72.7			22.4			298.0			348.4
Tax effects related to Net Unrealized Losses (Gains) on Other Securities *2	23		(29.3	)		14.8			(29.3	)		(44.2	)		0.0
Tax effects related to Net Deferred Hedge Losses (Gains)	24		(96.3	)		(18.6	)		24.1			(77.7	)		(120.4	)
Tax effects related to others	25		496.5			76.4			27.6			420.0			468.8

*1	Amount related to Retirement Benefits Accounting includes ¥(93.5) billion related to gains on securities contributed to employee retirement benefit trust.

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

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

Mizuho Financial Group, Inc.

IV. OTHERS

1. Breakdown of Deposits (Domestic Offices)

Non-Consolidated

Aggregated Figures of the 3 Banks


	*(Billions of yen)*
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Deposits		71,346.4		355.8			1,860.8			70,990.6		69,485.6
Individual Deposits		37,307.0		296.0			841.8			37,011.0		36,465.2
Corporate Deposits		29,537.1		28.4			1,791.5			29,508.6		27,745.5
Financial/Government Institutions		4,502.3		31.3			(772.5	)		4,470.9		5,274.8

Mizuho Bank

Deposits		57,689.6		(14.5	)		1,522.6			57,704.1		56,166.9
Individual Deposits		35,898.7		360.7			963.2			35,538.0		34,935.5
Corporate Deposits		19,515.2		3.0			1,027.0			19,512.2		18,488.1
Financial/Government Institutions		2,275.6		(378.3	)		(467.6	)		2,653.9		2,743.3

Mizuho Corporate Bank

Deposits		11,528.4		335.3			356.0			11,193.1		11,172.4
Individual Deposits		6.8		2.4			(3.7	)		4.3		10.6
Corporate Deposits		9,425.9		(29.7	)		702.7			9,455.6		8,723.1
Financial/Government Institutions		2,095.7		362.5			(342.9	)		1,733.1		2,438.6

Mizuho Trust & Banking

Deposits		2,128.3		35.0			(17.8	)		2,093.3		2,146.2
Individual Deposits		1,401.4		(67.1	)		(117.6	)		1,468.6		1,519.0
Corporate Deposits		595.9		55.1			61.7			540.8		534.2
Financial/Government Institutions		130.9		47.1			38.0			83.8		92.9

*	Above figures are before adjustment of transit accounts for inter-office transactions, and do not include deposits booked at overseas offices and offshore deposits.

Mizuho Financial Group, Inc.

2. Number of Directors and Employees

Aggregated Figures of Mizuho Financial Group, Inc. and the 3 Banks


	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Members of the Board of Directors and Auditors		33		(5	)		(7	)		38		40
Executive Officers (excluding those doubling as directors)		94		(1	)		(3	)		95		97
Employees (excluding Executive Officers)		31,461		78			(396	)		31,383		31,857
* The numbers have been adjusted for Members of the Board of Directors and Auditors and Executive Officers doubling other positions.

Mizuho Financial Group, Inc. (Non-Consolidated) Mizuho Financial Group, Inc.
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Members of the Board of Directors and Auditors		14		—			—			14		14
Executive Officers (excluding those doubling as directors)		11		5			5			6		6
Employees (excluding Executive Officers)		1,065		466			522			599		543

Non-Consolidated Mizuho Bank
	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Members of the Board of Directors and Auditors		9		(1	)		(2	)		10		11
Executive Officers (excluding those doubling as directors)		55		21			20			34		35
Employees (excluding Executive Officers)		18,890		(269	)		(808	)		19,159		19,698

Mizuho Corporate Bank

Members of the Board of Directors and Auditors		9		(1	)		(1	)		10		10
Executive Officers (excluding those doubling as directors)		53		13			12			40		41
Employees (excluding Executive Officers)		8,341		(109	)		—			8,450		8,341

Mizuho Trust & Banking

Members of the Board of Directors and Auditors		9		—			(1	)		9		10
Executive Officers (excluding those doubling as directors)		26		5			5			21		21
Employees (excluding Executive Officers)		3,165		(10	)		(110	)		3,175		3,275

Mizuho Financial Group, Inc.

3. Number of Branches and Offices

Non-Consolidated

Aggregated Figures of the 3 Banks


	As of September 30, 2012								As of March 31, 2012		As of September 30, 2011
			Change from March 31, 2012			Change from September 30, 2011			As of March 31, 2012		As of September 30, 2011
Head Offices and Domestic Branches		452		2			1			450		451
Overseas Branches		22		—			—			22		22
Domestic Sub-Branches		54		3			6			51		48
Overseas Sub-Branches		10		(1	)		(1	)		11		11
Overseas Representative Offices		7		1			2			6		5
* Head Offices and Domestic Branches do not include in-store branches (3), branches and offices for remittance purposes only (42), branches offering account transfer services only (2), branches and offices to maintain shared ATMs only (1), internet branches (1) and pension plan advisory offices (1).

Mizuho Bank

Head Office and Domestic Branches		398		2			1			396		397
Overseas Branches		—		—			—			—		—
Domestic Sub-Branches		38		1			—			37		38
Overseas Sub-Branches		—		—			—			—		—
Overseas Representative Offices		—		—			—			—		—
* Head Offices and Domestic Branches do not include in-store branches (3), branches and offices for remittance purposes only (18), branches offering account transfer services only (2), branches and offices to maintain shared ATMs only (1), internet branches (1) and pension plan advisory offices (1).

Mizuho Corporate Bank

Head Office and Domestic Branches		18		—			—			18		18
Overseas Branches		22		—			—			22		22
Domestic Sub-Branches		—		—			—			—		—
Overseas Sub-Branches		10		(1	)		(1	)		11		11
Overseas Representative Offices		7		1			2			6		5
* Head Office and Domestic Branches do not include branches and offices for remittance purposes only (24).

Mizuho Trust & Banking

Head Office and Domestic Branches		36		—			—			36		36
Overseas Branches		—		—			—			—		—
Domestic Sub-Branches		16		2			6			14		10
Overseas Sub-Branches		—		—			—			—		—
Overseas Representative Offices		—		—			—			—		—

Mizuho Financial Group, Inc.

4. Earnings Plan for Fiscal 2012

Consolidated


	*(Billions of yen)*
	Fiscal 2012
Ordinary Profits		700.0
Net Income		500.0

Mizuho Bank, Mizuho Corporate Bank, Mizuho Trust & Banking

Aggregated Figures of the 3 Banks (Non-consolidated)

(Billions of yen)

Fiscal 2012

Aggregated Figures

MHBK

MHCB

MHTB

Net Business Profits (before Reversal of (Provision for) General Reserve for Possible Losses on Loans)

873.0

330.0

490.0

53.0

Ordinary Profits

495.0

190.0

280.0

25.0

Net Income

410.0

145.0

240.0

25.0

Credit-related Costs

(50.0

)

(20.0

)

(25.0

)

(5.0

)

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

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

Mizuho Bank, Ltd.

(Attachments)

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items) OF MIZUHO BANK


	*Millions of yen*
	As of September 30, 2012 (A)			As of September 30, 2011 (B)			Change (A) - (B)			As of March 31, 2012 (C)			Change (A) - (C)
Assets
Cash and Due from Banks	¥	3,654,528		¥	3,002,895		¥	651,633		¥	3,076,523		¥	578,005
Call Loans		9,740,000			8,640,000			1,100,000			8,640,000			1,100,000
Guarantee Deposits Paid under Securities Borrowing Transactions		516,417			276,082			240,335			705,783			(189,365	)
Other Debt Purchased		626,366			840,569			(214,203	)		764,040			(137,673	)
Trading Assets		1,034,268			1,109,753			(75,485	)		1,106,364			(72,095	)
Money Held in Trust		922			928			(6	)		965			(42	)
Securities		24,936,480			23,306,191			1,630,289			25,199,189			(262,708	)
Loans and Bills Discounted		31,502,656			31,977,021			(474,364	)		32,540,885			(1,038,229	)
Foreign Exchange Assets		104,367			108,307			(3,939	)		109,477			(5,109	)
Other Assets		1,907,400			2,439,850			(532,449	)		2,017,217			(109,817	)
Tangible Fixed Assets		717,625			737,329			(19,703	)		735,924			(18,298	)
Intangible Fixed Assets		220,339			220,037			302			221,406			(1,066	)
Deferred Tax Assets		214,694			236,455			(21,760	)		222,795			(8,100	)
Customers’ Liabilities for Acceptances and Guarantees		972,501			938,033			34,468			959,117			13,384
Reserves for Possible Losses on Loans		(329,032	)		(377,370	)		48,337			(344,674	)		15,642
Reserve for Possible Losses on Investments		(12	)		(1	)		(10	)		(1	)		(10	)

Total Assets	¥	75,819,526		¥	73,456,083		¥	2,363,442		¥	75,955,014		¥	(135,488	)

Liabilities
Deposits	¥	57,708,344		¥	56,207,106		¥	1,501,237		¥	57,744,476		¥	(36,132	)
Negotiable Certificates of Deposit		1,369,240			1,028,630			340,610			1,267,290			101,950
Debentures		—			25,932			(25,932	)		—			—
Call Money		1,429,100			1,393,125			35,974			1,193,800			235,300
Guarantee Deposits Received under Securities Lending Transactions		3,100,752			2,684,429			416,322			2,410,375			690,377
Trading Liabilities		272,751			315,244			(42,492	)		275,934			(3,183	)
Borrowed Money		5,310,024			5,186,932			123,091			6,753,601			(1,443,576	)
Foreign Exchange Liabilities		10,127			12,962			(2,834	)		12,397			(2,269	)
Bonds and Notes		781,800			780,800			1,000			738,200			43,600
Other Liabilities		2,537,738			2,709,412			(171,673	)		2,266,795			270,943
Reserve for Bonus Payments		8,059			8,487			(428	)		8,948			(888	)
Reserve for Reimbursement of Deposits		14,845			14,893			(48	)		14,612			233
Reserve for Reimbursement of Debentures		24,515			15,245			9,270			20,193			4,322
Deferred Tax Liabilities for Revaluation Reserve for Land		66,376			75,806			(9,429	)		66,381			(4	)
Acceptances and Guarantees		972,501			938,033			34,468			959,117			13,384

Total Liabilities		73,606,179			71,397,042			2,209,136			73,732,123			(125,944	)

Net Assets
Common Stock and Preferred Stock		700,000			700,000			—			700,000			—
Capital Surplus		1,057,242			1,057,242			—			1,057,242			—
Capital Reserve		490,707			490,707			—			490,707			—
Other Capital Surplus		566,535			566,535			—			566,535			—
Retained Earnings		301,785			259,205			42,580			371,745			(69,959	)
Appropriated Reserve		19,493			1,332			18,161			1,332			18,161
Other Retained Earnings		282,291			257,872			24,419			370,413			(88,121	)
Retained Earnings Brought Forward		282,291			257,872			24,419			370,413			(88,121	)

Total Shareholders’ Equity		2,059,028			2,016,447			42,580			2,128,988			(69,959	)

Net Unrealized Gains (Losses) on Other Securities, net of Taxes		41,915			(63,297	)		105,213			(10,556	)		52,472
Net Deferred Hedge Gains (Losses), net of Taxes		(3,670	)		(747	)		(2,923	)		(11,621	)		7,951
Revaluation Reserve for Land, net of Taxes		116,073			106,638			9,434			116,081			(7	)

Total Valuation and Translation Adjustments		154,318			42,593			111,725			93,903			60,415

Total Net Assets		2,213,347			2,059,041			154,305			2,222,891			(9,544	)

Total Liabilities and Net Assets	¥	75,819,526		¥	73,456,083		¥	2,363,442		¥	75,955,014		¥	(135,488	)

Mizuho Bank, Ltd.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME (selected items) OF MIZUHO BANK


	*Millions of yen*
	For the six months ended September 30, 2012 (A)			For the six months ended September 30, 2011 (B)		Change (A) - (B)			For the fiscal year ended March 31, 2012
Ordinary Income	¥	557,002		¥	515,560	¥	41,441		¥	1,068,214
Interest Income		305,382			318,258		(12,876	)		634,488
Interest on Loans and Bills Discounted		*211,887*			224,749		(12,862	)		444,381
Interest and Dividends on Securities		*59,652*			57,096		2,556			117,172
Fee and Commission Income		106,385			97,171		9,213			203,465
Trading Income		23,476			28,195		(4,719	)		23,337
Other Operating Income		81,766			30,635		51,130			98,743
Other Ordinary Income		39,991			41,298		(1,306	)		108,179

Ordinary Expenses		496,818			461,354		35,463			876,840
Interest Expenses		43,686			45,615		(1,928	)		89,116
Interest on Deposits		*15,963*			19,046		(3,083	)		35,658
Interest on Debentures		—			339		(339	)		384
Fee and Commission Expenses		31,056			30,256		799			55,720
Trading Expenses		—			—		—			675
Other Operating Expenses		8,046			16,171		(8,125	)		15,853
General and Administrative Expenses		286,003			300,009		(14,005	)		603,972
Other Ordinary Expenses		128,026			69,302		58,724			111,501

Ordinary Profits		60,183			54,205		5,977			191,374

Extraordinary Gains		34			38		(3	)		101

Extraordinary Losses		1,942			29,525		(27,583	)		36,670

Income before Income Taxes		58,275			24,718		33,557			154,805
Income Taxes:
Current		43,447			219		43,228			436
Deferred		(6,010	)		6,894		(12,904	)		24,213

Net Income	¥	20,838		¥	17,604	¥	3,234		¥	130,155

Mizuho Bank, Ltd.

NON-CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS OF MIZUHO BANK


	*Millions of yen*
	Shareholders’ Equity																					Valuation and Translation Adjustments
			Capital Surplus						Retained Earnings													Net Unrealized Gains (Losses) on Other Securities, net of Taxes			Net Deferred Hedge Gains (Losses), net of Taxes			Revaluation Reserve for Land, net of Taxes			Total Valuation and Translation Adjustments		Total Net Assets
	Common Stock and Preferred Stock		Capital Reserve		Other Capital Surplus		Total Capital Surplus		Appropriated Reserve		Other Retained Earnings			Total Retained Earnings			Treasury Stock		Total Shareholders’ Equity
	Common Stock and Preferred Stock		Capital Reserve		Other Capital Surplus		Total Capital Surplus		Appropriated Reserve		Retained Earnings Brought Forward			Total Retained Earnings			Treasury Stock		Total Shareholders’ Equity
Balance as of April 1, 2012	¥	700,000	¥	490,707	¥	566,535	¥	1,057,242	¥	1,332	¥	370,413		¥	371,745			—	¥	2,128,988		¥	(10,556	)	¥	(11,621	)	¥	116,081		¥	93,903	¥	2,222,891

Changes during the period
Cash Dividends		—		—		—		—		18,161		(108,967	)		(90,806	)		—		(90,806	)		—			—			—			—		(90,806	)
Net Income		—		—		—		—		—		20,838			20,838			—		20,838			—			—			—			—		20,838
Transfer from Revaluation Reserve for Land, net of Taxes		—		—		—		—		—		7			7			—		7			—			—			—			—		7
Net Changes in Items other than Shareholders’ Equity		—		—		—		—		—		—			—			—		—			52,472			7,951			(7	)		60,415		60,415

Total Changes during the period		—		—		—		—		18,161		(88,121	)		(69,959	)		—		(69,959	)		52,472			7,951			(7	)		60,415		(9,544	)

Balance as of September 30, 2012	¥	700,000	¥	490,707	¥	566,535	¥	1,057,242	¥	19,493	¥	282,291		¥	301,785			—	¥	2,059,028		¥	41,915		¥	(3,670	)	¥	116,073		¥	154,318	¥	2,213,347

Mizuho Corporate Bank, Ltd.

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items) OF MIZUHO CORPORATE BANK


	*Millions of yen*
	As of September 30, 2012 (A)			As of September 30, 2011 (B)			Change (A) - (B)			As of March 31, 2012 (C)			Change (A) - (C)
Assets
Cash and Due from Banks	¥	4,883,608		¥	3,562,044		¥	1,321,563		¥	4,426,242		¥	457,365
Call Loans		237,109			224,773			12,336			229,155			7,954
Receivables under Resale Agreements		642,402			731,014			(88,612	)		1,006,263			(363,860	)
Guarantee Deposits Paid under Securities Borrowing Transactions		1,706,908			1,240,053			466,854			1,293,030			413,877
Other Debt Purchased		127,438			90,113			37,325			113,670			13,768
Trading Assets		5,114,991			5,037,747			77,243			4,423,962			691,028
Money Held in Trust		2,837			101			2,736			1			2,836
Securities		22,602,838			22,842,729			(239,891	)		24,789,261			(2,186,422	)
Loans and Bills Discounted		28,440,310			26,273,753			2,166,557			28,058,800			381,510
Foreign Exchange Assets		892,226			868,334			23,892			879,653			12,572
Derivatives other than for Trading		4,683,463			6,578,953			(1,895,489	)		5,209,806			(526,343	)
Other Assets		980,724			896,108			84,615			1,378,450			(397,725	)
Tangible Fixed Assets		90,743			100,018			(9,274	)		94,695			(3,952	)
Intangible Fixed Assets		60,356			67,710			(7,354	)		63,166			(2,810	)
Deferred Tax Assets		139,985			95,208			44,776			62,494			77,491
Customers’ Liabilities for Acceptances and Guarantees		3,770,965			3,436,433			334,531			3,953,368			(182,403	)
Reserves for Possible Losses on Loans		(209,477	)		(209,803	)		326			(220,237	)		10,760
Reserve for Possible Losses on Investments		(991	)		(2,496	)		1,504			(1,174	)		182

Total Assets	¥	74,166,440		¥	71,832,800		¥	2,333,640		¥	75,760,611		¥	(1,594,170	)

Liabilities
Deposits	¥	19,855,676		¥	19,606,163		¥	249,513		¥	19,679,512		¥	176,164
Negotiable Certificates of Deposit		10,314,363			9,396,772			917,590			9,831,173			483,189
Call Money		12,813,011			11,470,813			1,342,197			11,946,104			866,906
Payables under Repurchase Agreements		4,471,711			3,694,078			777,633			4,572,422			(100,710	)
Guarantee Deposits Received under Securities Lending Transactions		2,920,338			2,119,688			800,650			3,629,352			(709,013	)
Trading Liabilities		3,530,933			3,887,000			(356,067	)		3,332,789			198,143
Borrowed Money		4,456,681			4,860,088			(403,406	)		5,584,005			(1,127,323	)
Foreign Exchange Liabilities		258,690			214,967			43,723			268,281			(9,590	)
Short-term Bonds		68,300			109,500			(41,200	)		97,400			(29,100	)
Bonds and Notes		3,007,617			3,174,259			(166,642	)		3,112,154			(104,537	)
Derivatives other than for Trading		4,288,785			5,968,956			(1,680,171	)		5,168,223			(879,438	)
Other Liabilities		854,537			479,948			374,588			938,212			(83,675	)
Reserve for Bonus Payments		4,811			4,592			218			8,131			(3,320	)
Reserve for Possible Losses on Sales of Loans		20			686			(666	)		8			12
Reserve for Contingencies		1,240			1,027			212			2,003			(762	)
Deferred Tax Liabilities for Revaluation Reserve for Land		16,209			20,819			(4,609	)		16,861			(652	)
Acceptances and Guarantees		3,770,965			3,436,433			334,531			3,953,368			(182,403	)

Total Liabilities		70,633,893			68,445,797			2,188,096			72,140,005			(1,506,112	)

Net Assets
Common Stock and Preferred Stock		1,404,065			1,404,065			—			1,404,065			—
Capital Surplus		1,039,244			1,039,244			—			1,039,244			—
Capital Reserve		578,540			578,540			—			578,540			—
Other Capital Surplus		460,703			460,703			—			460,703			—
Retained Earnings		941,875			846,337			95,537			990,701			(48,826	)
Appropriated Reserve		29,443			1,355			28,087			1,355			28,087
Other Retained Earnings		912,431			844,981			67,449			989,345			(76,913	)
Retained Earnings Brought Forward		912,431			844,981			67,449			989,345			(76,913	)

Total Shareholders’ Equity		3,385,184			3,289,646			95,537			3,434,010			(48,826	)

Net Unrealized Gains (Losses) on Other Securities, net of Taxes		(59,383	)		(111,665	)		52,281			2,024			(61,408	)
Net Deferred Hedge Gains (Losses), net of Taxes		179,370			180,571			(1,200	)		156,015			23,354
Revaluation Reserve for Land, net of Taxes		27,375			28,450			(1,074	)		28,554			(1,178	)

Total Valuation and Translation Adjustments		147,362			97,356			50,006			186,594			(39,232	)

Total Net Assets		3,532,547			3,387,003			145,543			3,620,605			(88,058	)

Total Liabilities and Net Assets	¥	74,166,440		¥	71,832,800		¥	2,333,640		¥	75,760,611		¥	(1,594,170	)

Mizuho Corporate Bank, Ltd.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME (selected items) OF MIZUHO CORPORATE BANK


	*Millions of yen*
	For the six months ended September 30, 2012 (A)			For the six months ended September 30, 2011 (B)		Change (A) - (B)			For the fiscal year ended March 31, 2012
Ordinary Income	¥	575,872		¥	541,871	¥	34,000		¥	1,075,096
Interest Income		323,635			322,514		1,121			675,903
Interest on Loans and Bills Discounted		*181,135*			165,504		15,631			354,552
Interest and Dividends on Securities		*100,283*			103,424		(3,141	)		214,666
Fee and Commission Income		76,335			70,788		5,546			158,169
Trading Income		21,469			4,220		17,249			21,272
Other Operating Income		133,731			130,292		3,438			198,487
Other Ordinary Income		20,699			14,055		6,644			21,263

Ordinary Expenses		480,818			390,902		89,916			724,882
Interest Expenses		130,747			132,473		(1,725	)		280,892
Interest on Deposits		*23,327*			24,251		(923	)		52,913
Fee and Commission Expenses		11,819			11,336		483			23,248
Trading Expenses		235			1,920		(1,685	)		—
Other Operating Expenses		25,644			34,352		(8,708	)		67,931
General and Administrative Expenses		123,961			125,435		(1,474	)		263,302
Other Ordinary Expenses		188,411			85,384		103,026			89,507

Ordinary Profits		95,053			150,969		(55,915	)		350,214

Extraordinary Gains		613			55		558			1,438

Extraordinary Losses		2,111			678		1,432			1,401

Income before Income Taxes		93,556			150,346		(56,790	)		350,251
Income Taxes:
Current		71,217			11,756		59,461			40,348
Deferred		(68,095	)		13,466		(81,561	)		42,700

Net Income	¥	90,433		¥	125,123	¥	(34,689	)	¥	267,201

Mizuho Corporate Bank, Ltd.

NON-CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS OF MIZUHO CORPORATE BANK


	*Millions of yen*
	Shareholders’ Equity																					Valuation and Translation Adjustments
	Common Stock and Preferred Stock		Capital Surplus						Retained Earnings													Net Unrealized Gains (Losses) on Other Securities, net of Taxes			Net Deferred Hedge Gains (Losses), net of Taxes		Revaluation Reserve for Land, net of Taxes			Total Valuation and Translation Adjustments			Total Net Assets
			Capital Reserve		Other Capital Surplus		Total Capital Surplus		Appropriated Reserve		Other Retained Earnings			Total Retained Earnings			Treasury Stock		Total Shareholders’ Equity
			Capital Reserve		Other Capital Surplus		Total Capital Surplus		Appropriated Reserve		Retained Earnings Brought Forward			Total Retained Earnings			Treasury Stock		Total Shareholders’ Equity
Balance as of April 1, 2012	¥	1,404,065	¥	578,540	¥	460,703	¥	1,039,244	¥	1,355	¥	989,345		¥	990,701			—	¥	3,434,010		¥	2,024		¥	156,015	¥	28,554		¥	186,594		¥	3,620,605

Changes during the period
Cash Dividends		—		—		—		—		28,087		(168,525	)		(140,438	)		—		(140,438	)		—			—		—			—			(140,438	)
Net Income		—		—		—		—		—		90,433			90,433			—		90,433			—			—		—			—			90,433
Transfer from Revaluation Reserve for Land, net of Taxes		—		—		—		—		—		1,178			1,178			—		1,178			—			—		—			—			1,178
Net Changes in Items other than Shareholders’ Equity		—		—		—		—		—		—			—			—		—			(61,408	)		23,354		(1,178	)		(39,232	)		(39,232	)

Total Changes during the period		—		—		—		—		28,087		(76,913	)		(48,826	)		—		(48,826	)		(61,408	)		23,354		(1,178	)		(39,232	)		(88,058	)

Balance as of September 30, 2012	¥	1,404,065	¥	578,540	¥	460,703	¥	1,039,244	¥	29,443	¥	912,431		¥	941,875			—	¥	3,385,184		¥	(59,383	)	¥	179,370	¥	27,375		¥	147,362		¥	3,532,547

Mizuho Trust & Banking Co., Ltd.

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items) OF MIZUHO TRUST & BANKING


	*Millions of yen*
	As of September 30, 2012 (A)			As of September 30, 2011 (B)			Change (A) - (B)			As of March 31, 2012 (C)			Change (A) - (C)
Assets
Cash and Due from Banks	¥	651,427		¥	534,316		¥	117,111		¥	655,446		¥	(4,018	)
Call Loans		1,551			17,279			(15,728	)		4,928			(3,377	)
Other Debt Purchased		88,242			112,485			(24,242	)		91,187			(2,944	)
Trading Assets		73,780			70,040			3,739			65,117			8,662
Securities		1,729,967			2,129,273			(399,305	)		2,114,064			(384,096	)
Loans and Bills Discounted		3,480,940			3,342,652			138,288			3,278,976			201,964
Foreign Exchange Assets		178			187			(8	)		137			40
Other Assets		110,986			138,339			(27,353	)		141,083			(30,097	)
Tangible Fixed Assets		27,976			28,727			(751	)		28,567			(591	)
Intangible Fixed Assets		18,070			19,373			(1,302	)		18,444			(373	)
Deferred Tax Assets		16,195			16,808			(612	)		12,809			3,386
Customers’ Liabilities for Acceptances and Guarantees		49,199			49,518			(319	)		49,548			(349	)
Reserves for Possible Losses on Loans		(16,666	)		(17,377	)		711			(17,971	)		1,305
Reserve for Possible Losses on Investments		(9	)		—			(9	)		(0	)		(9	)

Total Assets	¥	6,231,841		¥	6,441,625		¥	(209,783	)	¥	6,442,339		¥	(210,497	)

Liabilities
Deposits	¥	2,194,700		¥	2,157,421		¥	37,278		¥	2,104,687		¥	90,013
Negotiable Certificates of Deposit		930,040			1,047,030			(116,990	)		1,000,640			(70,600	)
Call Money		743,232			700,464			42,768			780,724			(37,491	)
Guarantee Deposits Received under Securities Lending Transactions		358,039			287,236			70,802			384,723			(26,683	)
Trading Liabilities		70,743			70,814			(71	)		65,282			5,461
Borrowed Money		516,670			816,100			(299,430	)		766,352			(249,682	)
Foreign Exchange Liabilities		2			2			0			14			(11	)
Bonds and Notes		78,700			88,500			(9,800	)		88,500			(9,800	)
Due to Trust Accounts		902,518			862,710			39,807			805,241			97,276
Other Liabilities		22,871			23,378			(506	)		22,444			427
Reserve for Bonus Payments		1,838			1,963			(124	)		1,942			(104	)
Reserve for Contingencies		13,285			13,306			(20	)		13,520			(234	)
Reserve for Reimbursement of Deposits		1,167			1,196			(28	)		1,157			10
Acceptances and Guarantees		49,199			49,518			(319	)		49,548			(349	)

Total Liabilities		5,883,011			6,119,644			(236,633	)		6,084,780			(201,769	)

Net Assets
Common Stock and Preferred Stock		247,369			247,369			—			247,369			—
Capital Surplus		15,505			15,505			—			15,505			—
Capital Reserve		15,505			15,505			—			15,505			—
Retained Earnings		74,792			51,796			22,995			72,827			1,964
Appropriated Reserve		9,508			9,508			—			9,508			—
Other Retained Earnings		65,283			42,288			22,995			63,319			1,964
Retained Earnings Brought Forward		65,283			42,288			22,995			63,319			1,964

Total Shareholders’ Equity		337,667			314,671			22,995			335,702			1,964

Net Unrealized Gains (Losses) on Other Securities, net of Taxes		12,952			11,607			1,345			25,988			(13,035	)
Net Deferred Hedge Gains (Losses), net of Taxes		(1,789	)		(4,298	)		2,508			(4,132	)		2,342

Total Valuation and Translation Adjustments		11,163			7,309			3,854			21,856			(10,693	)

Total Net Assets		348,830			321,981			26,849			357,559			(8,728	)

Total Liabilities and Net Assets	¥	6,231,841		¥	6,441,625		¥	(209,783	)	¥	6,442,339		¥	(210,497	)

Mizuho Trust & Banking Co., Ltd.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME (selected items) OF MIZUHO TRUST & BANKING


	*Millions of yen*
	For the six months ended September 30, 2012 (A)			For the six months ended September 30, 2011 (B)		Change (A) - (B)			For the fiscal year ended March 31, 2012
Ordinary Income	¥	82,437		¥	86,643	¥	(4,205	)	¥	174,920
Fiduciary Income		23,583			24,242		(659	)		48,450
Interest Income		28,074			30,243		(2,169	)		59,410
Interest on Loans and Bills Discounted		*19,620*			21,325		(1,704	)		41,669
Interest and Dividends on Securities		*7,552*			7,819		(266	)		15,617
Fee and Commission Income		20,404			20,830		(425	)		45,156
Trading Income		673			1,029		(356	)		2,061
Other Operating Income		6,191			7,101		(909	)		13,385
Other Ordinary Income		3,510			3,196		314			6,456

Ordinary Expenses		79,581			72,397		7,184			138,859
Interest Expenses		6,894			8,855		(1,961	)		16,687
Interest on Deposits		*1,591*			2,475		(883	)		4,478
Fee and Commission Expenses		12,331			11,772		559			22,949
Trading Expenses		6			—		6			—
Other Operating Expenses		454			463		(8	)		1,747
General and Administrative Expenses		40,997			43,623		(2,625	)		86,064
Other Ordinary Expenses		18,896			7,682		11,214			11,410

Ordinary Profits		2,856			14,245		(11,389	)		36,060

Extraordinary Gains		254			—		254			—

Extraordinary Losses		681			28		653			107

Income before Income Taxes		2,428			14,217		(11,788	)		35,953
Income Taxes:
Current		3,507			4		3,502			(5	)
Deferred		(3,043	)		4,451		(7,494	)		5,167

Net Income	¥	1,964		¥	9,760	¥	(7,796	)	¥	30,791

Mizuho Trust & Banking Co., Ltd.

NON-CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS OF MIZUHO TRUST & BANKING


	*Millions of yen*
	Shareholders’ Equity																		Valuation and Translation Adjustments									Total Net Assets
	Common Stock and Preferred Stock		Capital Surplus						Retained Earnings						Treasury Stock		Total Shareholders’ Equity		Net Unrealized Gains (Losses) on Other Securities, net of Taxes			Net Deferred Hedge Gains (Losses), net of Taxes			Total Valuation and Translation Adjustments
			Capital Reserve		Other Capital Surplus		Total Capital Surplus		Appropriated Reserve		Other Retained Earnings		Total Retained Earnings
			Capital Reserve		Other Capital Surplus		Total Capital Surplus		Appropriated Reserve		Retained Earnings Brought Forward		Total Retained Earnings
Balance as of April 1, 2012	¥	247,369	¥	15,505		—	¥	15,505	¥	9,508	¥	63,319	¥	72,827		—	¥	335,702	¥	25,988		¥	(4,132	)	¥	21,856		¥	357,559

Changes during the period
Net Income		—		—		—		—		—		1,964		1,964		—		1,964		—			—			—			1,964
Net Changes in Items other than Shareholders’ Equity		—		—		—		—		—		—		—		—		—		(13,035	)		2,342			(10,693	)		(10,693	)

Total Changes during the period		—		—		—		—		—		1,964		1,964		—		1,964		(13,035	)		2,342			(10,693	)		(8,728	)

Balance as of September 30, 2012	¥	247,369	¥	15,505		—	¥	15,505	¥	9,508	¥	65,283	¥	74,792		—	¥	337,667	¥	12,952		¥	(1,789	)	¥	11,163		¥	348,830

Mizuho Trust & Banking Co., Ltd.

(Reference)

Statement of Trust Assets and Liabilities


	*Millions of yen*			*Millions of yen*
Assets	Amount		Liabilities	Amount
Loans and Bills Discounted		885,040	Money Trusts		14,212,468
Securities		948,393	Pension Trusts		4,160,556
Beneficiary Rights to the Trusts		36,336,539	Property Formation Benefit Trusts		4,942
Securities held in Custody Accounts		792,535	Investment Trusts		11,594,574
Money Claims		5,071,701	Money Entrusted Other than Money Trusts		1,121,263
Tangible Fixed Assets		4,588,546	Securities Trusts		5,498,273
Intangible Fixed Assets		208,719	Money Claims Trusts		4,446,353
Other Claims		123,002	Land and Fixtures Trusts		202,760
Due from Banking Account		902,518	Composite Trusts		9,044,895
Cash and Due from Banks		433,740	Other Trusts		4,650

Total		50,290,739	Total		50,290,739


Note:	1.	The statement is exclusive of the Trusts that are difficult to value monetarily.
	2.	Beneficiary Rights to the Trusts include entrusted Trusts for asset maintenance of ¥35,323,939 million.
	3.	Joint trust assets under the management of other companies: ¥931,626 million.
		There is no “Trust assets under the service-shared co-trusteeship” in “Joint trust assets under the management of other companies”.
	4.	Loans and Bills Discounted among Money Trusts with the contracts of principal indemnification amounted to ¥23,020 million.
		Of this amount, Balance of Non-Accrual Delinquent Loans is ¥3,069 million.

(Reference) Breakdown of Accounts of Money Trusts and Loan Trusts with the contracts of principal indemnification (including Trusts entrusted for asset management) are as follows:


Money Trusts	*Millions of yen*			*Millions of yen*
Assets	Amount		Liabilities	Amount
Loans and Bills Discounted		23,020	Principal		726,335
Securities		6	Reserve		69
Others		703,507	Others		129

Total		726,534	Total		726,534

Mizuho Trust & Banking Co., Ltd.

(Reference)

Comparison of Balances of Principal Items


	*Millions of yen*
Items	As of September 30, 2012 (A)		As of March 31, 2012 (B)		Change (A) - (B)			As of September 30, 2011 (C)		Change (A) - (C)
Total Amount of Funds		21,502,708		21,365,455		137,252			20,358,963		1,143,745

Deposits		2,194,700		2,104,687		90,013			2,157,421		37,278
Negotiable Certificates of Deposit		930,040		1,000,640		(70,600	)		1,047,030		(116,990	)
Money Trusts		14,212,468		14,226,430		(13,961	)		12,925,267		1,287,201
Pension Trusts		4,160,556		4,028,734		131,822			4,224,682		(64,126	)
Property Formation Benefit Trusts		4,942		4,963		(21	)		4,561		381

Loans and Bills Discounted		4,365,981		4,088,017		277,963			4,437,826		(71,845	)

of Banking accounts		3,480,940		3,278,976		201,964			3,342,652		138,288
of Trust accounts		885,040		809,041		75,998			1,095,173		(210,133	)

Securities for Investments		2,678,361		3,027,792		(349,431	)		2,879,147		(200,786	)

of Banking accounts		1,729,967		2,114,064		(384,096	)		2,129,273		(399,305	)
of Trust accounts		948,393		913,728		34,664			749,874		198,518