Mizuho Financial : Financial Statements for the Second Quarter of FY2022 (Timely Disclosure)

For Immediate Release:

Consolidated Financial Statements for the Second Quarter of Fiscal 2022

(Six months ended September 30, 2022)

(Under Japanese GAAP)

Company Name:	Mizuho Financial Group, Inc. ("MHFG")	November 14, 2022
Stock Code Number (Japan):	8411
Stock Exchange Listings:	Tokyo Stock Exchange (Prime Market), New York Stock Exchange
URL:	https://www.mizuhogroup.com
Representative:	Masahiro Kihara	President & Group CEO
For Inquiry:	Yasutoshi Tanaka	General Manager of Accounting	Phone: [phone]
Filing of Shihanki Hokokusho (scheduled): November 29, 2022	Trading Accounts: Established
Commencement of Dividend Payment (scheduled): December 6, 2022

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 2022 (for the six months ended September 30, 2022)

(1) Consolidated Results of Operations												(%: Changes from the previous first half)
	Ordinary Income			Ordinary Profits				Profit Attributable to Owners of Parent
		¥ million	%				¥ million			%				¥ million	%
1H F2022		2,944,948	86.4				439,282			10.0			333,964	(13.4)
1H F2021		1,579,249	0.1				399,340			49.2			385,657	78.9
Note: Comprehensive Income:	1H F2022:	¥		(51,438) million,	－%;	1H F2021:	¥		382,910 million,	1.7%;
		Net Income					Diluted Net Income
	per Share of Common Stock		per Share of Common Stock
				¥								¥
1H F2022				131.77						131.77
1H F2021				152.12						152.12
(2) Consolidated Financial Conditions
	Total Assets			Total Net Assets			Own Capital Ratio
		¥ million				¥ million						%
1H F2022		256,127,425			8,996,055						3.4
Fiscal 2021		237,066,142			9,201,031						3.8
Reference: Own Capital:	As of September 30, 2022:	¥	8,923,275 million;	As of March 31, 2022:	¥	9,077,382 million
Note: Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Non-controlling Interests) / Total Assets	× 100
Own Capital Ratio stated above is not calculated based on the public notice of Own Capital Ratio.
2. Cash Dividends for Shareholders of Common Stock
						Annual Cash Dividends per Share
	First Quarter-end		Second Quarter-end		Third Quarter-end			Fiscal Year-end			Total
		¥					¥				¥				¥			¥
Fiscal 2021		－				40.00				－					40.00			80.00
Fiscal 2022		－				42.50
Fiscal 2022 (estimate)										－					42.50			85.00

Note: Revision of the latest announced estimates for cash dividends for shareholders of common stock: Yes

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

			(%: Changes from the previous fiscal year)
	Profit Attributable to Owners of	Net Income
	Parent		per Share of Common Stock
	¥ million	%	¥
Fiscal 2022	540,000	1.7	213.05

Notes: 1. Revision of the latest announced earnings estimates for Fiscal 2022: No

2. The number of shares of common stock used in the above per share information is based on the weighted average of the average number of outstanding shares during 1H and the number of outstanding shares as of September 30, 2022 (which is used as a proxy for the average number of outstanding shares during the remainder of the relevant period).

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

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

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

ⅲ. Changes in accounting estimates: No

ⅳ. Restatements: No

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

(3) Issued Shares of Common Stock

ⅰ. Period-end issued shares (including treasury stock):	As of September 30, 2022	2,539,249,894	shares	As of March 31, 2022	2,539,249,894	shares
ⅱ. Period-end treasury stock:
As of September 30, 2022	4,930,963	shares	As of March 31, 2022	4,659,024	shares
ⅲ. Average outstanding shares:
1st Half Fiscal 2022	2,534,305,855	shares	1st Half Fiscal 2021	2,535,113,784	shares

This immediate release is outside the scope of semi-annual audit by certified public accountants or audit firms.

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

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

We may not be successful in implementing our business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including, without limitation: impact of geopolitical disruptions and the corona virus pandemic; intensification of competition in the market for financial services; incurrence of significant credit-related costs; declines in the value of our securities portfolio; changes in interest rates; foreign currency fluctuations; decrease in the market liquidity of our assets; revised assumptions or other changes related to our pension plans; a decline in our deferred tax assets; impairment of the carrying value of our long-lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our 5-Year Business Plan and implement other strategic initiatives and measures effectively; the effectiveness of our operational, legal and other risk management policies; the effect of changes in general economic conditions in Japan and elsewhere; and changes to applicable laws and regulations.

Further information regarding factors that could affect our financial condition and results of operations is included in "Item 3. D. Key Information-Risk Factors" and "Item 5. Operating and Financial Review and Prospects" in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC"), which is available in the Financial Information section of our web page at www.mizuhogroup.com and also at the SEC's web site at

www.sec.gov.

We do not intend to update our forward-looking statements. We are under no obligation, and disclaim any obligation, to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by the rules of the Tokyo Stock Exchange.

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 financial statements in the second quarter.

Mizuho Financial Group, Inc.

○Contents of Attachment

1. Matters Related to Summary Information (Notes) ………………………………………………………… p.1-2

(1) Changes in Accounting Policies and Accounting Estimates / Restatements…………………………… p.1-2

2. Interim Consolidated Financial Statements and Others…………………………………………………… p.1-3

1. Consolidated Balance Sheets…………………………………………………………………………… p.1-3
2. Consolidated Statements of Income and Consolidated Statements of
   Comprehensive Income………………………………………………………………………………… p.1-5

(3) Consolidated Statements of Changes in Net Assets…………………………………………………… p.1-7

1. Note for Assumption of Going Concern………………………………………………………………… p.1-8 ※SELECTED FINANCIAL INFORMATION For the Second Quarter (First Half) of Fiscal 2022

Note to XBRL

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

An MHFG IR conference for institutional investors and analysts is scheduled for Thursday, November 17, 2022. The IR conference presentation materials and audio archive will be available for use by individual investors in the IR Information section of the Mizuho Financial Group website immediately after the conference.

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Mizuho Financial Group, Inc.

1. Matters Related to Summary Information (Notes)

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

(Changes in Accounting Policies)

(Implementation Guidance on Accounting Standard for Fair Value Measurement)

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

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				Mizuho Financial Group, Inc.
2. Interim Consolidated Financial Statements and Others
(1) Consolidated Balance Sheets
				Millions of yen
		As of March 31, 2022		As of September 30, 2022
Assets
Cash and Due from Banks	¥	51,359,301	¥	54,458,168
Call Loans and Bills Purchased		940,008		1,231,117
Receivables under Resale Agreements		12,750,363		14,870,926
Guarantee Deposits Paid under Securities Borrowing Transactions		2,340,089		2,357,494
Other Debt Purchased		3,476,021		3,856,777
Trading Assets		13,221,415		19,649,112
Money Held in Trust		591,183		560,762
Securities		44,641,060		38,412,009
Loans and Bills Discounted		84,736,280		92,119,481
Foreign Exchange Assets		2,627,492		3,251,206
Derivatives other than for Trading Assets		2,277,160		4,192,965
Other Assets		7,797,796		9,147,569
Tangible Fixed Assets		1,095,977		1,115,671
Intangible Fixed Assets		601,292		610,368
Net Defined Benefit Asset		863,217		847,771
Deferred Tax Assets		184,594		413,040
Customers' Liabilities for Acceptances and Guarantees		8,346,878		9,733,515
Reserves for Possible Losses on Loans		(783,886)		(700,532)
Reserve for Possible Losses on Investments		(107)		(1)
Total Assets	¥	237,066,142	¥	256,127,425

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