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

For Immediate Release:

Consolidated Financial Statements for the Third Quarter of Fiscal 2022

(Nine months ended December 31, 2022)

(Under Japanese GAAP)

Company Name:	Mizuho Financial Group, Inc. ("MHFG")	February 2, 2023
Stock Code Number (Japan):	8411
Stock Exchange Listings:	Tokyo Stock Exchange (Prime Market), New York Stock Exchange
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): February 14, 2023	Trading Accounts: Established
Commencement of Dividend Payment (scheduled): -
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 Third Quarter of Fiscal 2022 (for the nine months ended December 31, 2022)

	(1) Consolidated Results of Operations (Accumulated Period)				(%: Changes from the corresponding period of the previous fiscal year)
				Ordinary Income				Ordinary Profits					Profit Attributable to Owners of Parent
				¥ million	%			¥ million		%			¥ million	%
	3Q F2022			4,308,147	83.6			658,150		32.2			543,277	13.5
	3Q F2021			2,345,453	1.3			497,656		10.8			478,656	35.0
	Note: Comprehensive Income: 3Q F2022:	¥ 86,714 million,	(65.4) %;	3Q F2021:	¥ 250,949 million,	(56.4) %
				Net Income				Diluted Net Income
				per Share of Common Stock	per Share of Common Stock
							¥					¥
	3Q F2022						214.36					214.36
	3Q F2021						188.82					188.81
	.
(2) Consolidated Financial Conditions
				Total Assets				Total Net Assets					Own Capital Ratio
							¥ million				¥ million			%
	3Q F2022				251,791,239				9,028,634				3.5
	Fiscal 2021				237,066,142				9,201,031				3.8
	Reference: Own Capital:	As of December 31, 2022:	¥ 8,952,878 million;	As of March 31, 2022:	¥ 9,077,382 million
Note: Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Non-controlling Interests) / Total Assets × 100
	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: No

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		Net Income
	of Parent		per Share of Common Stock
	¥ million	%	¥
Fiscal 2022	540,000	1.7	213.06

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

2. The number of shares of common stock used in the above per share information is based on the weighted average of the average number of outstanding shares during 1Q, 2Q and 3Q and the number of outstanding shares as of December 31, 2022 (which is used as a proxy for the average number of outstanding shares during the remainder of the relevant period)..

Notes

1. Changes in Significant Subsidiaries during the Period (changes in specified subsidiaries accompanying changes in the scope of consolidation): No
2. Adoption of Specified Accounting Methods for the Preparation of Quarterly Consolidated Financial Statements: No
3. Changes in Accounting Policies and Accounting Estimates / Restatements

1. . Changes in accounting policies due to revisions of accounting standards: Yes
2. . Changes in accounting policies other than i above: No

1. Changes in accounting estimates: No
2. 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.

1. Issued Shares of Common Stock

1. . Period-end issued shares (including treasury stock):
2. . Period-end treasury stock:

iii. Average outstanding shares (accumulated period):

As of December 31, 2022	2,539,249,894	shares	As of March 31, 2022	2,539,249,894	shares
As of December 31, 2022	4,972,755	shares	As of March 31, 2022	4,659,024	shares
3Q Fiscal 2022	2,534,327,656	shares	3Q Fiscal 2021	2,534,973,142	shares

This immediate release is outside the scope of quarterly review.

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

future performance.

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

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

Further information regarding factors that could affect our financial condition and results of operations is included in "Item 3. D. Key Information-Risk Factors" and "Item 5. Operating and Financial Review and Prospects" in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") and our report on Form 6-K furnished to the SEC on December 28, 2022, both of which are available in the Financial Information section of our web page at www.mizuhogroup.com and also at the SEC's web site at www.sec.gov.

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

Mizuho Financial Group, Inc.

○Contents of Attachment
1. Matters Related to Summary Information (Notes) ……………………………………………………	p. 1-2
(1) Changes in Accounting Policies and Accounting Estimates / Restatements ………………………	p. 1-2
2. Quarterly 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. Note for Assumption of Going Concern …………………………………………………………… p. 1-7

(4) Note for Significant Changes in the Amount of Shareholders' Equity …………………………… p. 1-7

※SELECTED FINANCIAL INFORMATION For the Third Quarter of Fiscal 2022

Note to XBRL

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

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Mizuho Financial Group, Inc.

1. Matters Related to Summary Information (Notes)

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

(Changes in Accounting Policies)

(Implementation Guidance on Accounting Standard for Fair Value Measurement)

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

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				Mizuho Financial Group, Inc.
2. Quarterly Consolidated Financial Statements and Others
(1) Consolidated Balance Sheets
				Millions of yen
		As of March 31, 2022		As of December 31, 2022
Assets
Cash and Due from Banks	¥	51,359,301	¥	56,839,849
Call Loans and Bills Purchased		940,008		1,052,561
Receivables under Resale Agreements		12,750,363		14,333,722
Guarantee Deposits Paid under Securities Borrowing Transactions		2,340,089		1,770,292
Other Debt Purchased		3,476,021		4,041,909
Trading Assets		13,221,415		19,809,108
Money Held in Trust		591,183		583,626
Securities		44,641,060		35,665,864
Loans and Bills Discounted		84,736,280		91,230,919
Foreign Exchange Assets		2,627,492		2,961,851
Derivatives other than for Trading Assets		2,277,160		3,590,376
Other Assets		7,797,796		8,486,862
Tangible Fixed Assets		1,095,977		1,097,941
Intangible Fixed Assets		601,292		598,884
Net Defined Benefit Asset		863,217		773,335
Deferred Tax Assets		184,594		428,485
Customers' Liabilities for Acceptances and Guarantees		8,346,878		9,231,896
Reserves for Possible Losses on Loans		(783,886)		(706,244)
Reserve for Possible Losses on Investments		(107)		(1)
Total Assets	¥	237,066,142	¥	251,791,239

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