Non-Consolidated Financial Statements of Mizuho Financial Group, Inc. and Three Subsidiaries [Under Japanese GAAP] Mizuho Financial Group, Inc. 241 Non-Consolidated Balance Sheet 242 Non-Consolidated Statement of Income Mizuho Bank, Ltd. 243 Non-Consolidated Balance Sheet 245 Non-Consolidated Statement of Income Mizuho Trust & Banking Co., Ltd. 246 Non-Consolidated Balance Sheet 248 Non-Consolidated Statement of Income Mizuho Securities Co., Ltd. 249 Non-Consolidated Balance Sheet 252 Non-Consolidated Statement of Income 240
Non-Consolidated Financial Statements of Mizuho Financial Group, Inc. and Three Subsidiaries Mizuho Financial Group, Inc. Non-Consolidated Balance Sheet Assets Current Assets 112,350 90,816 $ 1,001,338 Cash and Due from Banks 20,190 16,442 179,949 Other Current Assets 92,159 74,374 821,389 Fixed Assets 9,157,019 6,973,394 81,613,365 Tangible Fixed Assets 205,518 165,803 1,831,719 Intangible Fixed Assets 12,705 8,451 113,239 Investments in Subsidiaries and Affiliates 6,074,554 6,022,661 54,140,418 Other Investments 2,864,240 776,478 25,527,989 Total Assets 9,269,369 7,064,211 $ 82,614,703 Liabilities and Net Assets Liabilities Current Liabilities 1,179,516 1,197,207 $ 10,512,622 Short-term Borrowings 656,100 686,345 5,847,594 Short-term Bonds 500,000 500,000 4,456,328 Other Current Liabilities 23,416 10,862 208,700 Non-Current Liabilities 2,747,329 669,794 24,486,005 Total Liabilities 3,926,845 1,867,002 34,998,627 Net Assets Shareholders' Equity 5,288,113 5,151,857 47,131,139 Common Stock and Preferred Stock 2,256,275 2,255,790 20,109,405 Capital Surplus 1,196,258 1,195,830 10,661,841 Capital Reserve 1,196,167 1,195,682 10,661,028 Other Capital Surplus 91 147 813 Retained Earnings 1,839,725 1,703,049 16,396,838 Appropriated Reserve 4,350 4,350 38,770 Other Retained Earnings 1,835,375 1,698,699 16,358,068 Retained Earnings Brought Forward 1,835,375 1,698,699 16,358,068 Treasury Stock (4,145) (2,813) (36,945) Valuation and Translation Adjustments 52,655 42,588 469,304 Net Unrealized Gains (Losses) on Other Securities, net of Taxes 52,655 42,588 469,304 Stock Acquisition Rights 1,754 2,762 15,633 Total Net Assets 5,342,523 5,197,208 47,616,076 Total Liabilities and Net Assets 9,269,369 7,064,211 $ 82,614,703 241
Non-Consolidated Statement of Income For the Fiscal Years ended March 31, 2017 2016 2017 Operating Income 378,084 333,500 $ 3,369,737 Cash Dividends Received from Subsidiaries and Affiliates 328,148 292,883 2,924,671 Fee and Commission Income Received from Subsidiaries and Affiliates 49,936 40,616 445,066 Operating Expenses 38,926 31,063 346,942 General and Administrative Expenses 38,926 31,063 346,942 Operating Profits 339,157 302,436 3,022,795 Non-Operating Income 44,558 23,587 397,139 Non-Operating Expenses 56,302 21,117 501,805 Income before Income Taxes 327,414 304,906 2,918,129 Income Taxes: Current 519 334 4,631 Deferred 217 182 1,940 Net Income 326,676 304,389 $ 2,911,558 242
Non-Consolidated Financial Statements of Mizuho Financial Group, Inc. and Three Subsidiaries Mizuho Bank, Ltd. Non-Consolidated Balance Sheet Assets Cash and Due from Banks 38,943,082 30,156,145 $347,086,293 Call Loans 433,198 266,249 3,860,953 Receivables under Resale Agreements 596,194 368,351 5,313,681 Other Debt Purchased 728,080 729,842 6,489,129 Trading Assets 4,234,901 6,421,352 37,744,216 Money Held in Trust 3,137 3,197 27,965 Securities 31,264,703 37,903,140 278,651,542 Loans and Bills Discounted 71,262,838 70,374,392 635,141,161 Foreign Exchange Assets 1,769,212 1,343,546 15,768,386 Other Assets 5,470,641 6,696,402 48,757,944 Tangible Fixed Assets 828,363 836,484 7,382,915 Buildings 308,823 306,867 2,752,436 Land 415,294 417,687 3,701,378 Lease Assets 24,758 23,356 220,668 Construction in Progress 18,153 19,346 161,799 Other Tangible Fixed Assets 61,332 69,226 546,634 Intangible Fixed Assets 754,547 636,583 6,725,025 Software 223,925 245,168 1,995,771 Lease Assets 15,488 10,643 138,044 Other Intangible Fixed Assets 515,133 380,770 4,591,210 Prepaid Pension Cost 481,968 469,034 4,295,619 Customers' Liabilities for Acceptances and Guarantees 5,757,150 5,297,202 51,311,498 Reserves for Possible Losses on Loans (437,689) (379,190) (3,900,977) Total Assets 162,090,330 161,122,736 $1,444,655,350 243
Non-Consolidated Balance Sheet (Continued) Liabilities and Shareholders' Equity Liabilities Deposits 117,881,635 111,374,133 $1,050,638,462 Call Money 775,450 1,127,524 6,911,319 Payables under Repurchase Agreements 7,604,970 7,588,922 67,780,489 Guarantee Deposits Received under Securities Lending Transactions 335,575 786,431 2,990,866 Commercial Paper 765,146 777,601 6,819,491 Trading Liabilities 3,362,426 5,198,295 29,968,150 Borrowed Money 9,136,351 8,697,522 81,429,156 Foreign Exchange Liabilities 729,532 682,188 6,502,071 Bonds and Notes 3,726,331 4,376,773 33,211,509 Other Liabilities 4,453,787 7,422,691 39,695,072 Reserve for Bonus Payments 20,902 20,437 186,295 Reserve for Variable Compensation 1,269 1,300 11,313 Reserve for Possible Losses on Sales of Loans 298 267 2,657 Reserve for Contingencies 52 800 465 Reserve for Reimbursement of Deposits 17,575 15,041 156,646 Reserve for Reimbursement of Debentures 32,720 39,245 291,629 Deferred Tax Liabilities 186,153 302,072 1,659,121 Deferred Tax Liabilities for Revaluation Reserve for Land 66,585 67,991 593,456 Acceptances and Guarantees 5,757,150 5,297,202 51,311,498 Total Liabilities 154,853,914 153,776,443 1,380,159,665 Net Assets Shareholders' Equity 5,988,810 5,922,330 53,376,209 Common Stock and Preferred Stock 1,404,065 1,404,065 12,513,948 Capital Surplus 2,286,328 2,286,795 20,377,264 Capital Reserve 655,418 655,324 5,841,516 Other Capital Surplus 1,630,910 1,631,471 14,535,748 Retained Earnings 2,298,416 2,231,469 20,484,997 Appropriated Reserve 225,810 169,829 2,012,571 Other Retained Earnings 2,072,606 2,061,640 18,472,426 Retained Earnings Brought Forward 2,072,606 2,061,640 18,472,426 Valuation and Translation Adjustments 1,247,605 1,423,961 11,119,476 Net Unrealized Gains (Losses) on Other Securities, net of Taxes 1,099,468 1,106,333 9,799,183 Net Deferred Hedge Gains (Losses), net of Taxes 2,527 169,143 22,525 Revaluation Reserve for Land, net of Taxes 145,609 148,483 1,297,768 Total Net Assets 7,236,415 7,346,292 64,495,685 Total Liabilities and Net Assets 162,090,330 161,122,736 $1,444,655,350 244
Non-Consolidated Financial Statements of Mizuho Financial Group, Inc. and Three Subsidiaries Mizuho Bank, Ltd. Non-Consolidated Statement of Income For the Fiscal Years ended March 31, 2017 2016 2017 Income Interest Income 1,204,728 1,207,062 $10,737,329 Loans and Bills Discounted 820,861 801,996 7,316,057 Securities 257,345 284,113 2,293,634 Fee and Commission Income 470,240 477,788 4,191,090 Trading Income 81,202 96,734 723,728 Other Operating Income 191,592 197,715 1,707,601 Other Income 287,922 278,912 2,566,157 Total Income 2,235,686 2,258,212 19,925,905 Expenses Interest Expenses 484,970 377,013 4,322,373 Deposits 239,159 168,237 2,131,550 Fee and Commission Expenses 93,982 91,475 837,631 Trading Expenses 792 2,282 7,063 Other Operating Expenses 47,643 44,711 424,629 General and Administrative Expenses 901,693 832,319 8,036,485 Other Expenses 251,650 207,496 2,242,875 Total Expenses 1,780,732 1,555,299 15,871,056 Income before Income Taxes 454,954 702,913 4,054,849 Income Taxes: Current 129,486 161,424 1,154,065 Deferred (17,098) 51,276 (152,392) Net Income 342,566 490,212 $3,053,176 245
Non-Consolidated Financial Statements of Mizuho Financial Group, Inc. and Three Subsidiaries Mizuho Trust & Banking Co., Ltd. Non-Consolidated Balance Sheet Assets Cash and Due from Banks 1,699,040 1,665,011 $15,142,962 Call Loans 6,956 5,520 62,000 Guarantee Deposits Paid under Securities Borrowing Transactions 113,046 215,970 1,007,543 Other Debt Purchased 9,196 13,358 81,970 Trading Assets 90,487 127,305 806,488 Money Held in Trust 3,286 2,578 29,290 Securities 1,253,105 1,492,120 11,168,500 Loans and Bills Discounted 3,326,296 3,496,313 29,646,140 Foreign Exchange Assets 2,596 3,675 23,139 Other Assets 83,804 80,648 746,920 Tangible Fixed Assets 23,617 24,632 210,497 Buildings 10,549 10,390 94,023 Land 10,153 11,246 90,498 Construction in Progress 1 100 12 Other Tangible Fixed Assets 2,913 2,896 25,964 Intangible Fixed Assets 33,477 24,022 298,373 Software 14,689 14,750 130,926 Other Intangible Fixed Assets 18,787 9,271 167,447 Prepaid Pension Cost 49,230 49,795 438,775 Customers' Liabilities for Acceptances and Guarantees 23,887 43,749 212,899 Reserves for Possible Losses on Loans (4,779) (5,636) (42,597) Total Assets 6,713,251 7,239,067 $59,832,899 246
Non-Consolidated Financial Statements of Mizuho Financial Group, Inc. and Three Subsidiaries Mizuho Trust & Banking Co., Ltd. Non-Consolidated Balance Sheet (Continued) Liabilities and Shareholders' Equity Liabilities Deposits 3,715,010 3,409,338 $33,110,615 Call Money 242,493 1,162,877 2,161,260 Payables under Repurchase Agreements 67,320 67,602 600,000 Guarantee Deposits Received under Securities Lending Transactions 310,303 420,713 2,765,632 Trading Liabilities 83,683 121,483 745,839 Borrowed Money 372,578 366,955 3,320,665 Foreign Exchange Liabilities 0 Bonds and Notes 10,000 10,000 89,126 Due to Trust Accounts 1,272,149 1,019,554 11,338,229 Other Liabilities 36,173 60,074 322,401 Reserve for Bonus Payments 1,976 1,953 17,620 Reserve for Variable Compensation 413 401 3,683 Reserve for Reimbursement of Deposits 1,496 1,113 13,337 Deferred Tax Liabilities 9,692 12,043 86,388 Acceptances and Guarantees 23,887 43,749 212,899 Total Liabilities 6,147,179 6,697,859 54,787,694 Net Assets Shareholders' Equity 467,888 442,965 4,170,128 Common Stock and Preferred Stock 247,369 247,369 2,204,721 Capital Surplus 15,505 15,505 138,192 Capital Reserve 15,505 15,505 138,192 Retained Earnings 205,013 180,091 1,827,215 Appropriated Reserve 27,427 23,327 244,455 Other Retained Earnings 177,585 156,763 1,582,760 Retained Earnings Brought Forward 177,585 156,763 1,582,760 Valuation and Translation Adjustments 98,183 98,241 875,077 Net Unrealized Gains (Losses) on Other Securities, net of Taxes 96,529 97,740 860,333 Net Deferred Hedge Gains (Losses), net of Taxes 1,654 501 14,744 Total Net Assets 566,071 541,207 5,045,205 Total Liabilities and Net Assets 6,713,251 7,239,067 $59,832,899 247
Non-Consolidated Statement of Income For the Fiscal Years ended March 31, 2017 2016 2017 Income Fiduciary Income 50,075 53,324 $446,309 Interest Income 39,805 47,043 354,769 Loans and Bills Discounted 25,817 28,497 230,100 Securities 12,259 16,683 109,262 Fee and Commission Income 58,874 53,927 524,732 Trading Income 1,180 1,347 10,525 Other Operating Income 14,483 25,290 129,086 Other Income 33,608 14,352 299,537 Total Income 198,028 195,286 1,764,958 Expenses Interest Expenses 10,221 11,284 91,105 Deposits 1,288 2,694 11,484 Fee and Commission Expenses 27,545 25,936 245,502 Trading Expenses 0 1 Other Operating Expenses 5,556 8,137 49,526 General and Administrative Expenses 86,723 79,954 772,933 Other Expenses 6,628 10,370 59,074 Total Expenses 136,675 135,684 1,218,141 Income before Income Taxes 61,352 59,602 546,817 Income Taxes: Current 16,787 15,945 149,624 Deferred (917) 3,215 (8,179) Net Income 45,482 40,440 $405,372 248
Non-Consolidated Financial Statements of Mizuho Financial Group, Inc. and Three Subsidiaries Mizuho Securities Co., Ltd. Non-Consolidated Balance Sheet Assets Current Assets Cash and Due from Banks 249,691 283,049 $2,225,416 Cash Segregated as Deposits for Customers and Others 230,214 170,684 2,051,823 Trading Assets 5,019,291 5,990,021 44,735,222 Trading Securities and Others 2,638,609 3,115,313 23,517,019 Derivatives 2,380,682 2,874,707 21,218,203 Receivables - unsettled Trades 169,960 27,923 1,514,803 Operating Investment Securities 21,762 19,010 193,965 Operating Loans Receivable 2,790 3,100 24,866 Receivables Related to Margin Transactions 96,255 98,958 857,888 Loans Receivable under Margin Transactions 35,251 54,181 314,184 Cash Collateral for Borrowed Securities under Margin Transactions 61,003 44,776 543,704 Collateralized Short-term Financing Agreements-receivable 3,821,571 3,949,642 34,060,350 Deposits Paid for Securities Borrowed 3,506,714 3,718,958 31,254,143 Securities Purchased under Agreements to Resell 314,856 230,684 2,806,207 Advances Paid 191 107 1,707 Short-term Guarantee Deposits 496,793 370,794 4,427,746 Securities: Fail to Deliver 28,695 11,937 255,751 Variation Margin Paid 1,020 Short-term Loans Receivable 22,459 50,711 200,177 Advance Payments 690 1,075 6,158 Prepaid Expenses 3,193 2,647 28,459 Accounts Receivable-other 6,495 2,520 57,888 Accrued income 26,456 23,143 235,798 Deferred Tax Assets 15,302 8,735 136,385 Other Current Assets 4,009 3,112 35,733 Less: Allowance for Doubtful Accounts (6) (16) (53) Total Current Assets 10,215,819 11,018,181 91,050,082 Noncurrent Assets Tangible Fixed Assets 15,087 14,540 134,473 Intangible Fixed Assets 50,195 42,370 447,376 Investments and Other Assets 297,330 308,153 2,650,007 Investment Securities 246,267 241,992 2,194,901 Long-term Guarantee Deposits 11,759 12,216 104,809 Prepaid Pension Cost 15,761 15,020 140,473 Deferred Tax Assets 3,815 1,394 34,005 Other 23,304 41,163 207,709 Less: Allowance for Doubtful Accounts (3,578) (3,634) (31,890) Total Noncurrent Assets 362,614 365,065 3,231,856 Total Assets 10,578,433 11,383,246 $94,281,938 249
Non-Consolidated Balance Sheet (Continued) Liabilities Current Liabilities Trading Liabilities 3,771,283 4,445,062 $33,612,155 Trading Securities and Others 1,299,676 1,642,885 11,583,572 Derivatives 2,471,607 2,802,176 22,028,583 Payables Related to Margin Transactions 55,287 42,278 492,757 Borrowings on Margin Transactions 7,871 10,835 70,158 Cash Collateral for Loaned Securities under Margin Transactions 47,415 31,443 422,599 Collateralized Short-term Financing Agreements-payable 3,727,318 3,861,722 33,220,309 Deposits Received for Securities Loaned 1,255,986 1,909,797 11,194,178 Securities Sold under Agreements to Repurchase 2,471,331 1,951,925 22,026,131 Deposits Received 234,622 136,356 2,091,105 Guarantee Deposits Received 184,821 154,013 1,647,249 Securities: Fail to Receive 12,844 4,271 114,482 Variation Margin Received 1,640 14,622 Short-term Borrowings 716,603 479,403 6,386,839 Commercial Paper 111,300 513,700 991,979 Bonds and Notes Due within One year 55,323 55,602 493,076 Lease Obligations 375 377 3,349 Advances Received 230 1,144 2,055 Accounts Payable-other 840 717 7,487 Accrued Expenses 25,243 26,266 224,986 Income Taxes Payable 4,400 Reserve for Bonus Payments 13,432 13,217 119,723 Provision for Variable Compensation 855 790 7,628 Provision for Bonus Point Redemption 596 623 5,313 Other Current Liabilities 559 3,293 4,985 Total Current Liabilities 8,913,179 9,743,240 79,440,099 Noncurrent Liabilities Bonds and Notes 554,903 548,766 4,945,661 Long-term Borrowings 233,500 409,400 2,081,105 Lease Obligations 494 857 4,408 Provision for Retirement Benefits 19,536 18,034 174,124 Other Noncurrent Liabilities 1,647 1,885 14,680 Total Noncurrent Liabilities 810,081 978,944 7,219,978 Statutory Reserves Reserve for Financial Instrument Transaction Liabilities 2,291 2,005 20,420 Total Statutory Reserves 2,291 2,005 20,420 Total Liabilities 9,725,551 10,724,190 $86,680,497 250
Non-Consolidated Financial Statements of Mizuho Financial Group, Inc. and Three Subsidiaries Mizuho Securities Co., Ltd. Non-Consolidated Balance Sheet (Continued) Net Assets Shareholders' Equity Common Stock 125,167 125,167 $1,115,573 Capital Surplus Additional Paid in Capital 285,831 285,831 2,547,517 Other Capital Surplus 95,817 95,817 853,993 Total Capital Surpluses 381,649 381,649 3,401,510 Retained Earnings Other Retained Earnings Retained Earnings Brought Forward 332,177 149,594 2,960,579 Total Retained Earnings 332,177 149,594 2,960,579 Total Shareholders Equity 838,993 656,411 7,477,662 Valuation and Translation Adjustments Net Unrealized Gains on (Operating) Investment Securities, net of Tax 22,719 21,626 202,493 Net Deferred Gains or Losses on Hedges, net of Tax (8,831) (18,982) (78,714) Total Valuation and Translation Adjustments 13,887 2,644 123,779 Total Net Assets 852,881 659,056 7,601,441 Total Liabilities and Net Assets 10,578,433 11,383,246 $94,281,938 251
Non-Consolidated Statement of Income For the Fiscal Years ended March 31, 2017 2016 2017 Operating Revenues Commissions 149,114 155,617 $1,329,002 Brokerage Commissions 26,284 30,728 234,262 Underwriting and Selling Fees, and Commissions from Solicitation to Qualifying Investors 34,848 27,693 310,590 Offering, Selling, and Other Commissions and Fees, and Commissions from Solicitation to Qualifying Investors 25,539 31,397 227,624 Other commissions and Fees 62,442 65,798 556,526 Net Gain on Trading 143,956 130,230 1,283,036 Net Gain (loss) on Operating Investment Securities 2,299 4,604 20,494 Interest and Dividend Income 45,756 29,402 407,811 Total Operating Revenues 341,126 319,855 3,040,343 Interest Expenses 37,915 27,552 337,924 Net Operating Revenues 303,211 292,303 2,702,419 Selling, General and Administrative Expenses 239,455 231,895 2,134,186 Transaction-related Expenses 51,513 51,176 459,125 Personnel Expenses 87,966 85,135 784,014 Real Estate Expenses 27,237 26,042 242,762 Administrative Expenses 49,355 47,955 439,886 Depreciation and Amortization 17,143 14,929 152,795 Taxes and Dues 2,801 3,386 24,970 Provision of Allowance for Doubtful Accounts (40) (426) (363) Other 3,477 3,695 30,997 Operating Income 63,755 60,407 568,233 Non-operating Income 7,920 8,055 70,594 Non-operating Expenses 1,487 1,357 13,254 Ordinary Income 70,189 67,105 625,573 Extraordinary gain 119,276 13,436 1,063,068 Gain on Sales of Noncurrent Assets 24 48 217 Gain on Sales of Investment Securities 977 565 8,711 Gain on Sales of Shares of Subsidiaries and Affiliates 118,274 1,054,140 Indemnity Receipt from the Erroneous Stock Order 12,822 Extraordinary loss 2,554 2,464 22,765 Loss on Sales of Noncurrent Assets 8 Loss on Disposal of Noncurrent Assets 194 254 1,736 Loss on Sale of Investment Securities 40 26 359 Loss on Impairment of Investment Securities 0 Loss on Impairment of Investments in Subsidiaries and Affiliates 146 Loss on liquidation of Subsidiaries and Affiliates 1,129 10,070 Loss on Impairment of Golf Club Membership 6 0 58 Impairment Losses 841 843 7,501 Head Office Transfer Cost 577 Cost Incurred in Opening of Joint Branches 55 192 497 Provision of Reserve for Financial Instruments Transaction Liabilities 285 416 2,544 Income before Income Taxes 186,911 78,077 1,665,876 Income Taxes current 161 6,915 1,441 Income Taxes deferred (13,968) 16,563 (124,498) Total Income Taxes (13,806) 23,479 (123,057) Net Income 200,718 54,598 $1,788,933 252
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