Edgar Filing: MIZUHO FINANCIAL GROUP INC

The above transactions are marked to market, and changes in unrealized gains (losses) are included in the consolidated statement of income.

The following transactions are excluded from the above table:

• Transactions qualifying for hedge accounting under “Accounting and Auditing Treatment Relating to Adoption of Accounting Standards for Foreign Currency Transactions for Banks” (JICPA Industry Audit Committee Report No. 25, July 29, 2002) and others.

• Transactions which are specified for certain financial assets and liabilities denominated in foreign currencies and reflected on the consolidated balance sheet.

• Transactions denominated in foreign currencies which are eliminated in consolidation.

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 August 2017

Commission File Number 001-33098

Mizuho Financial Group, Inc.

(Translation of registrant’s name into English)

5-5, Otemachi 1-chome

Chiyoda-ku, Tokyo 100-8176

Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

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 ☒

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

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE INTO THE PROSPECTUS FORMING A PART OF MIZUHO FINANCIAL GROUP, INC.’S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-213187) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

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: August 14, 2017

Mizuho Financial Group, Inc.

By:		/s/ Makoto Umemiya
Name:		Makoto Umemiya
Title:		Managing Executive Officer / Group CFO

UNAUDITED QUARTERLY CONSOLIDATED JAPANESE GAAP FINANCIAL STATEMENTS

AS OF AND FOR THE THREE MONTHS ENDED JUNE 30, 2017

On August 14, 2017, we published our unaudited quarterly consolidated financial statements as of and for the three months ended June 30, 2017 prepared in accordance with Japanese GAAP as part of our quarterly securities report (shihanki hokokusho) for the same period filed by us with the relevant Japanese authorities. We have included in this report on Form 6-K an English translation of the unaudited quarterly consolidated financial statements and the notes thereto included in such quarterly securities report. Japanese GAAP differs in certain respects from U.S. GAAP. For a description of certain differences between U.S. GAAP and Japanese GAAP, see “Item 5. Operating and Financial Review and Prospects - Reconciliation with Japanese GAAP” in our most recent annual report on Form 20-F filed with the U.S. Securities Exchange Commission.

Financial Information

The quarterly consolidated financial statements of Mizuho Financial Group, Inc. (“MHFG”) are prepared in accordance with the “Ordinance on the Terminology, Forms, and Preparation Methods of Quarterly Consolidated Financial Statements” (Cabinet Office Ordinance No. 64 of 2007). The classification of assets and liabilities and that of income and expenses are in accordance with the “Ordinance for Enforcement of the Banking Act” (Ordinance of the Ministry of Finance No. 10 of 1982).

2.	Ernst & Young ShinNihon LLC conducted a quarterly review on the quarterly consolidated financial statements of MHFG for the three months ended June 30, 2017, pursuant to Article 193-2, Paragraph 1 of the Financial Instruments and Exchange Act.

- 1 -

Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheet


	*(Millions of yen)*
	As of March 31, 2017			As of June 30, 2017
Assets
Cash and Due from Banks		47,129,583			41,811,173
Call Loans and Bills Purchased		1,035,746			1,519,891
Receivables under Resale Agreements		8,967,777			9,350,185
Guarantee Deposits Paid under Securities Borrowing Transactions		3,350,051			2,913,515
Other Debt Purchased		2,745,204			2,639,525
Trading Assets		10,361,787			11,303,501
Money Held in Trust		247,583			247,314
Securities	*2	32,353,158		*2	35,367,515
Loans and Bills Discounted	*1	78,337,793		*1	78,488,564
Foreign Exchange Assets		1,828,782			1,924,522
Derivatives other than for Trading Assets		2,170,750			1,868,313
Other Assets		4,180,339			5,216,753
Tangible Fixed Assets		1,136,329			1,120,611
Intangible Fixed Assets		1,045,486			1,068,056
Net Defined Benefit Asset		797,762			810,730
Deferred Tax Assets		56,066			57,348
Customers’ Liabilities for Acceptances and Guarantees		5,273,581			5,409,044
Reserves for Possible Losses on Loans		(509,175	)		(477,008	)

Total Assets		200,508,610			200,639,561

- 2 -


	*(Millions of yen)*
	As of March 31, 2017			As of June 30, 2017
Liabilities
Deposits		120,045,217			119,242,930
Negotiable Certificates of Deposit		10,631,277			11,350,828
Call Money and Bills Sold		1,255,172			1,511,951
Payables under Repurchase Agreements		17,969,753			18,310,442
Guarantee Deposits Received under Securities Lending Transactions		1,679,300			1,733,018
Commercial Paper		789,705			534,655
Trading Liabilities		7,923,285			8,124,844
Borrowed Money		6,307,230			5,449,220
Foreign Exchange Liabilities		526,053			404,689
Short-term Bonds		226,348			206,530
Bonds and Notes		7,564,535			7,416,653
Due to Trust Accounts		4,784,077			4,479,344
Derivatives other than for Trading Liabilities		1,784,857			1,547,923
Other Liabilities		3,883,168			5,036,408
Reserve for Bonus Payments		67,633			13,089
Reserve for Variable Compensation		3,018			3,810
Net Defined Benefit Liability		55,236			55,226
Reserve for Director and Corporate Auditor Retirement Benefits		1,327			1,169
Reserve for Possible Losses on Sales of Loans		298			58
Reserve for Contingencies		5,680			5,706
Reserve for Reimbursement of Deposits		19,072			17,466
Reserve for Reimbursement of Debentures		32,720			30,781
Reserves under Special Laws		2,309			2,285
Deferred Tax Liabilities		337,800			329,530
Deferred Tax Liabilities for Revaluation Reserve for Land		66,585			66,462
Acceptances and Guarantees		5,273,581			5,409,044

Total Liabilities		191,235,249			191,284,072

Net Assets
Common Stock and Preferred Stock		2,256,275			2,256,548
Capital Surplus		1,134,416			1,134,811
Retained Earnings		3,615,449			3,638,845
Treasury Stock		(4,849	)		(5,478	)

Total Shareholders’ Equity		7,001,291			7,024,727

Net Unrealized Gains (Losses) on Other Securities		1,289,985			1,356,077
Deferred Gains or Losses on Hedges		10,172			10,499
Revaluation Reserve for Land		145,609			145,329
Foreign Currency Translation Adjustments		(69,657	)		(79,421	)
Remeasurements of Defined Benefit Plans		144,866			144,856

Total Accumulated Other Comprehensive Income		1,520,976			1,577,341

Stock Acquisition Rights		1,754			1,210
Non-controlling Interests		749,339			752,209

Total Net Assets		9,273,361			9,355,489

Total Liabilities and Net Assets		200,508,610			200,639,561

- 3 -

(2) Quarterly Consolidated Statement of Income and

Quarterly Consolidated Statement of Comprehensive Income

Quarterly Consolidated Statement of Income


	*(Millions of yen)*
	For the three months ended June 30, 2016			For the three months ended June 30, 2017
Ordinary Income		780,350			793,607
Interest Income		334,632			381,591
Interest on Loans and Bills Discounted		225,147			246,024
Interest and Dividends on Securities		55,453			59,730
Fiduciary Income		10,394			10,942
Fee and Commission Income		169,821			156,381
Trading Income		112,084			57,374
Other Operating Income		111,457			86,592
Other Ordinary Income	*1	41,960		*1	100,724
Ordinary Expenses		588,197			651,263
Interest Expenses		118,956			188,736
Interest on Deposits		46,971			78,477
Fee and Commission Expenses		37,863			40,431
Trading Expenses		120			—
Other Operating Expenses		30,551			23,611
General and Administrative Expenses		350,354			362,106
Other Ordinary Expenses	*2	50,350		*2	36,377

Ordinary Profits		192,153			142,344

Extraordinary Gains	*3	1,410		*3	1,659
Extraordinary Losses	*4	881		*4	1,821

Income before Income Taxes		192,683			142,182

Income Taxes:
Current		56,373			50,611
Deferred		(9,885	)		(36,991	)

Total Income Taxes		46,488			13,619

Profit		146,194			128,562

Profit Attributable to Non-controlling Interests		13,555			10,272

Profit Attributable to Owners of Parent		132,639			118,290

- 4 -

Quarterly Consolidated Statement of Comprehensive Income



	*(Millions of yen)*
	For the three months ended June 30, 2016			For the three months ended June 30, 2017
Profit		146,194			128,562
Other Comprehensive Income		(95,447	)		53,619
Net Unrealized Gains (Losses) on Other Securities		(130,342	)		63,494
Deferred Gains or Losses on Hedges		42,390			910
Revaluation Reserve for Land		(4	)		(0	)
Foreign Currency Translation Adjustments		(9,461	)		(4,019	)
Remeasurements of Defined Benefit Plans		6,710			3,973
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method		(4,739	)		(10,737	)

Comprehensive Income		50,747			182,182

(Breakdown)
Comprehensive Income Attributable to Owners of Parent		40,302			174,934
Comprehensive Income Attributable to Non-controlling Interests		10,444			7,247

- 5 -

Notes to Quarterly Consolidated Financial Statements

Additional Information

The Board Benefit Trust (“BBT”) Program

Since MHFG operates its business giving due regard to creating value for diverse stakeholders and realizing improved corporate value through the continuous and stable growth of MHFG group pursuant to MHFG’s basic management policy defined under the Mizuho Financial Group’s Corporate Identity, MHFG has introduced a performance-based stock compensation program using a trust (the “Program”) that functions as an incentive for each Director, Executive Officer, and Specialist Officer to exert maximum effort in performing his or her duties, and also as consideration for such exertion of effort.

(1)	Outline of the Program

The Program has adopted the Board Benefit Trust (“BBT”) framework. MHFG’s shares on the stock market will be acquired through a trust established based on the underlying funds contributed by MHFG, and MHFG’s shares will be distributed to Directors, Executive Officers, and Specialist Officers of MHFG, Mizuho Bank, Ltd., Mizuho Trust & Banking Co., Ltd., and Mizuho Securities Co., Ltd. (the “Company Group”) in accordance with the Rules on Distribution of Shares to be prescribed in advance. The number of MHFG’s shares to be distributed will be determined pursuant to a performance evaluation based on the annual business plan.

A structure has been introduced for the distribution of MHFG’s shares under the Program, whereby the distribution will be deferred over three years, and the deferred portion will be subject to reduction or forfeiture depending on certain factors, including the performance of the Company Group or the relevant Directors, Executive Officers, and Specialist Officers.

Voting rights related to MHFG’s shares belonging to the trust assets under the trust shall not be exercised.

(2)	MHFG’s Shares Outstanding in the Trust

MHFG’s shares outstanding in the trust are recognized as Treasury Stock under Net Assets at the carrying amount (excluding the amount of incidental expenses) in the trust. The carrying amount of such Treasury Stock as of June 30, 2017 was ¥1,428 million for 9,000 thousand shares.

- 6 -

Notes to Quarterly Consolidated Balance Sheet

*1.	Non-Accrual, Past Due & Restructured Loans, which are included in Loans and Bills Discounted, are as follows:


	*(Millions of yen)*
	As of March 31, 2017		As of June 30, 2017
Loans to Bankrupt Obligors		33,330		31,118
Non-Accrual Delinquent Loans		430,525		396,529
Loans Past Due for Three Months or More		7,896		6,465
Restructured Loans		414,700		396,933
Total		886,452		831,047

The amounts given in the above table are gross amounts before deduction of amounts for the Reserves for Possible Losses on Loans.

*2.	Amounts of liabilities for guarantees on corporate bonds included in Securities, which were issued by private placement (Article 2, Paragraph 3 of the Financial Instruments and Exchange Act)


*(Millions of yen)*
As of March 31, 2017		As of June 30, 2017
	1,169,267		1,164,783

Notes to Quarterly Consolidated Statement of Income

*1.	Other Ordinary Income includes the following:


	*(Millions of yen)*
	For the three months ended June 30, 2016		For the three months ended June 30, 2017
Gains on Sales of Stocks		25,443		66,824
Reversal of Reserves for Possible Losses on Loans		—		21,906

*2.	Other Ordinary Expenses includes the following:


	*(Millions of yen)*
	For the three months ended June 30, 2016		For the three months ended June 30, 2017
System Migration-related Expenses		10,047		15,285

*3.	Extraordinary Gains includes the following:


	*(Millions of yen)*
	For the three months ended June 30, 2016		For the three months ended June 30, 2017
Gains on Disposition of Fixed Assets		1,410		1,653

*4.	Extraordinary Losses includes the following:


	*(Millions of yen)*
	For the three months ended June 30, 2016		For the three months ended June 30, 2017
Losses on Impairment of Fixed Assets		—		1,150
Losses on Disposition of Fixed Assets		814		671

- 7 -

Notes to Quarterly Consolidated Statement of Cash Flows

We have not prepared Consolidated Statement of Cash Flows for the three months ended June 30, 2017. Depreciation (including Amortization of Intangible Fixed Assets excluding Goodwill) and Amortization of Goodwill for the three months ended June 30, 2016 and 2017 are as follows:


	*(Millions of yen)*
	For the three months ended June 30, 2016		For the three months ended June 30, 2017
Depreciation		39,307		42,629
Amortization of Goodwill		360		1,040

Changes in Net Assets

For the three months ended June 30, 2016

1.	Cash dividends paid

Resolution

Type

Cash Dividends
(Millions of yen)

Cash
Dividends
per Share
(Yen)

Record
Date

Effective
Date

Resource

of
Dividends

May 13,

2016

Common Stock

93,838

3.75

March 31,

2016

June 3,

2016

Retained Earnings

The Board of

Directors

Eleventh Series Class XI Preferred Stock

989

March 31,

2016

June 3,

2016

Retained Earnings

For the three months ended June 30, 2017

1.	Cash dividends paid

Resolution

Type

Cash Dividends
(Millions of Yen)

Cash
Dividends
per Share
(Yen)

Record
Date

Effective
Date

Resource

of
Dividends

May 15,

2017

Common Stock

95,173

3.75

March 31,

2017

June 5,

2017

Retained Earnings

The Board of

Directors

(Note)

Cash dividends based on the resolution of the Board of Directors on May 15, 2017 include ¥33 million of cash dividends on MHFG shares held by BBT trust account.

- 8 -

Business Segment Information, etc.

Business Segment Information

1.	Summary of reportable segment

MHFG has introduced an in-house company system based on the group’s diverse customer segments. The aim of this system is to leverage MHFG’s strengths and competitive advantage, which is the seamless integration of MHFG’s banking, trust and securities functions under a holding company structure, to speedily provide high-quality financial services that closely match customer needs.

Specifically, the company system is classified into the following five in-house companies, each based on a customer segment: the Retail & Business Banking Company, the Corporate & Institutional Company, the Global Corporate Company, the Global Markets Company, and the Asset Management Company.

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

Retail & Business Banking Company:

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

Corporate & Institutional Company:

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

Global Corporate Company:

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

Global Markets Company:

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

Asset Management Company:

Development of products and provision of services that match the asset management needs of its wide range of customers from individuals to institutional investors

The reportable segment information, set forth below, is derived from the internal management reporting systems used by management to measure the performance of the Group’s operating segments. Management measures the performance of each of the operating segments in accordance with internal managerial accounting rules and practices.

- 9 -

2.	Gross profits (excluding the amounts of credit costs of trust accounts) and Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) by reportable segment

For the three months ended June 30, 2016


	*(Millions of yen)*
	MHFG (Consolidated)
	Retail & Business Banking Company			Corporate & Institutional Company		Global Corporate Company		Global Markets Company		Asset Management Company			Others (Note 2)
Gross profits: (excluding the amounts of credit costs of trust accounts)		164,100			89,200		95,800		199,000		12,100			(9,302	)	550,897
General and administrative expenses (excluding Non-Recurring Losses)		180,700			48,700		57,100		44,700		7,700			(572	)	338,327
Equity in income from investments in affiliates		1,200			300		600		—		(300	)		812		2,612
Others		—			—		—		—		—			(12,122	)	(12,122	)
Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans)		(15,400	)		40,800		39,300		154,300		4,100			(20,039	)	203,060


(Notes)	1.	Gross profits (excluding the amounts of credit costs of trust accounts) is reported instead of sales reported by general corporations.
	2.	“Others” includes items which should be eliminated as internal transactions between each segment on a consolidated basis.
	3.	Following the change in allocation method for transactions between each segment and “Others” made in April, 2017, reclassification was made on the above table to reflect the relevant change.

- 10 -

For the three months ended June 30, 2017


	*(Millions of yen)*
	MHFG (Consolidated)
	Retail & Business Banking Company			Corporate & Institutional Company		Global Corporate Company		Global Markets Company		Asset Management Company		Others (Note 2)
Gross profits: (excluding the amounts of credit costs of trust accounts)		159,800			79,800		74,900		118,800		12,700		(5,895	)	440,104
General and administrative expenses (excluding Non-Recurring Losses)		179,800			48,800		59,300		49,400		7,100		10,428		354,828
Equity in income from investments in affiliates		2,800			300		900		—		100		297		4,397
Others		—			—		—		—		—		(5,280	)	(5,280	)
Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans)		(17,200	)		31,300		16,500		69,400		5,700		(21,306	)	84,393


(Notes)	1.	Gross profits (excluding the amounts of credit costs of trust accounts) is reported instead of sales reported by general corporations.
	2.	“Others” includes items which should be eliminated as internal transactions between each segment on a consolidated basis.

- 11 -

The difference between the total amounts of Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) of reportable segments and the recorded amounts in the Quarterly Consolidated Statement of Income, and the contents of the difference (Matters relating to adjustment to difference)

The above total amounts of Net business profits or losses (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans) derived from internal management reporting are different from Income before income taxes recorded in the Quarterly Consolidated Statement of Income.

The contents of the difference for the three months ended June 30, 2016 and 2017, are as follows:


	*(Millions of yen)*
	For the three months ended June 30, 2016			For the three months ended June 30, 2017
Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general reserve for losses on loans)		203,060			84,393
Credit Costs for Trust Accounts		—			—
General and Administrative Expenses (non-recurring losses)		(12,026	)		(7,278	)
Expenses related to Portfolio Problems (including reversal of (provision for) general reserve for losses on loans)		(2,901	)		(5,141	)
Gains on Reversal of Reserves for Possible Losses on Loans, and others		8,229			24,345
Net Gains (Losses) related to Stocks		13,622			62,306
Net Extraordinary Gains (Losses)		529			(161	)
Others		(17,831	)		(16,281	)

Income before Income Taxes recorded in Quarterly Consolidated Statement of Income		192,683			142,182

- 12 -

Securities

In addition to “Securities” on the quarterly consolidated balance sheet, Negotiable Certificates of Deposit in “Cash and Due from Banks,” certain items in “Other Debt Purchased” and certain items in “Other Assets” are also included. Unlisted stocks and others, the fair values of which are deemed extremely difficult to determine, are excluded.

1.	Bonds Held to Maturity

As of March 31, 2017


	*(Millions of yen)*
	Consolidated Balance Sheet Amount		Fair Value		Difference
Japanese Government Bonds		3,059,975		3,097,144		37,168
Foreign Bonds		755,698		749,574		(6,124	)
Total		3,815,674		3,846,718		31,043

As of June 30, 2017


	*(Millions of yen)*
	Quarterly Consolidated Balance Sheet Amount		Fair Value		Difference
Japanese Government Bonds		2,759,961		2,789,329		29,367
Foreign Bonds		707,288		698,883		(8,404	)
Total		3,467,250		3,488,212		20,962

(Note)

The fair value is based on market prices as of June 30, 2017 (March 31, 2017) and other data.

2.	Other Securities

As of March 31, 2017


	*(Millions of yen)*
	Acquisition Cost		Consolidated Balance Sheet Amount		Difference
Stocks		1,687,587		3,542,046		1,854,458
Bonds		13,223,974		13,245,155		21,181
Japanese Government Bonds		10,255,613		10,264,329		8,716
Japanese Local Government Bonds		279,863		284,472		4,608
Short-term Bonds		99		99		—
Japanese Corporate Bonds		2,688,397		2,696,253		7,856
Other		11,749,945		11,693,530		(56,415	)
Foreign Bonds		9,099,741		8,955,436		(144,305	)
Other Debt Purchased		236,419		237,781		1,361
Other		2,413,783		2,500,312		86,528
Total		26,661,507		28,480,731		1,819,224

- 13 -

As of June 30, 2017


	*(Millions of yen)*
	Acquisition Cost		Quarterly Consolidated Balance Sheet Amount		Difference
Stocks		1,665,738		3,613,382		1,947,643
Bonds		16,206,323		16,204,283		(2,040	)
Japanese Government Bonds		13,174,797		13,163,148		(11,648	)
Japanese Local Government Bonds		295,380		299,037		3,657
Short-term Bonds		99		99		—
Japanese Corporate Bonds		2,736,046		2,741,997		5,950
Other		12,238,482		12,199,882		(38,599	)
Foreign Bonds		9,371,199		9,235,292		(135,906	)
Other Debt Purchased		325,698		326,882		1,183
Other		2,541,583		2,637,707		96,123
Total		30,110,544		32,017,549		1,907,004


(Notes)	1.	Unrealized Gains (Losses) include ¥34,372 million and ¥48,982 million, which were recognized in the statements of income for the year ended March 31, 2017 and the three months ended June 30, 2017, respectively, by applying the fair-value hedge method.
	2.	As for the quarterly consolidated balance sheet amount (consolidated balance sheet amount), fair value of Japanese stocks with a quoted market price is determined based on the average quoted market price, or other reasonable value during the last month of the three months ended June 30, 2017 (last month of the fiscal year ended March 31, 2017), and fair value of securities other than Japanese stocks is determined at the quoted market price if available, or other reasonable value as of June 30, 2017 (March 31, 2017).
	3.	Certain Securities other than Trading Securities (excluding Securities for which it is deemed to be extremely difficult to determine the fair value) are devalued to the fair value, and the difference between the acquisition cost and the fair value is treated as the loss for the three months ended June 30, 2017 (the fiscal year ended March 31, 2017) (impairment (devaluation)), if the fair value (primarily the closing market price as of June 30, 2017 (March 31, 2017)) has significantly deteriorated compared with the acquisition cost (including amortized cost), and unless it is deemed that there is a possibility of a recovery in the fair value.

		The amount of impairment (devaluation) for the fiscal year ended March 31, 2017 was ¥1,139 million.

		The amount of impairment (devaluation) for the three months ended June 30, 2017 was ¥535 million.

		The criteria for determining whether a security’s fair value has “significantly deteriorated” are outlined as follows:

		• Securities whose fair value is 50% or less of the acquisition cost

		• Securities whose fair value exceeds 50% but is 70% or less of the acquisition cost and the quoted market price maintains a certain level or lower

	4.	Floating-rate Japanese Government Bonds

		Fair values of Floating-rate Japanese Government Bonds, according to our determination that current market prices may not reflect the fair value, are based on the reasonably calculated prices as book value on the quarterly consolidated balance sheet (consolidated balance sheet).

		In deriving the reasonably calculated prices, we used the Discounted Cash Flow method as well as other methods. The price decision variables include the yield of 10-year Japanese Government Bonds and the volatilities of interest rate swap options for 10-year Japanese Government Bonds as underlying assets.

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Money Held in Trust

1.	Money Held in Trust Held to Maturity

There was no Money Held in Trust held to maturity.

2.	Other in Money Held in Trust (other than for investment purposes and held to maturity purposes)

As of March 31, 2017

(Millions of yen)

Acquisition Cost

Consolidated Balance Sheet
Amount

Difference

Other in Money Held in Trust

3,286

—

As of June 30, 2017

(Millions of yen)

Acquisition Cost

Quarterly Consolidated
Balance Sheet Amount

Difference

Other in Money Held in Trust

3,512

—

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Derivatives Information

(1)	Interest Rate-Related Transactions

As of March 31, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Listed	Futures		18,745,005		(1,621	)		(1,621	)
Listed	Options		1,206,236		775			(179	)
Over-the-Counter	FRAs		30,828,579		(5,618	)		(5,618	)
	Swaps		878,154,442		109,894			109,894
	Options		13,760,116		(100,160	)		(100,160	)
Inter-Company or Internal Transactions	Swaps		13,874,345		32,379			32,379

Total			—		35,649			34,694


(Notes)	1.	The above transactions are marked to market, and changes in unrealized gains (losses) are included in the consolidated statement of income.
	2.	Derivative transactions qualifying for hedge accounting under “Accounting and Auditing Treatment Relating to Adoption of Accounting Standards for Financial Instruments for Banks” (JICPA Industry Audit Committee Report No. 24, February 13, 2002) and others are excluded from the above table.

As of June 30, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Listed	Futures		20,979,955		(1,241	)		(1,241	)
Listed	Options		3,893,755		793			(163	)
Over-the-Counter	FRAs		32,252,226		1,768			1,768
	Swaps		861,704,166		50,250			50,250
	Options		12,775,470		(99,487	)		(99,487	)
Inter-Company or Internal Transactions	Swaps		15,502,311		6,295			6,295

Total			—		(41,621	)		(42,577	)


(Notes)	1.	The above transactions are marked to market, and changes in unrealized gains (losses) are included in the quarterly consolidated statement of income.
	2.	Derivative transactions qualifying for hedge accounting under “Accounting and Auditing Treatment Relating to Adoption of Accounting Standards for Financial Instruments for Banks” (JICPA Industry Audit Committee Report No. 24, February 13, 2002) and others are excluded from the above table.

- 16 -

(2)	Currency-Related Transactions

As of March 31, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Listed	Futures		94,383		—			—
Over-the-Counter	Swaps		45,250,084		54,489			99,071
	Forwards		112,895,843		110,932			110,932
	Options		5,453,339		(21,795	)		(22,230	)
Inter-Company or Internal Transactions	Swaps		3,441,048		(228,425	)		6,386
Inter-Company or Internal Transactions	Forwards		160,189		(2,328	)		(2,328	)

Total			—		(87,128	)		191,831

As of June 30, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Listed	Futures		113,664		4			4
Over-the-Counter	Swaps		45,508,871		84,365			109,410
	Forwards		107,861,396		92,798			92,798
	Options		4,860,031		(20,965	)		(22,294	)
Inter-Company or Internal Transactions	Swaps		3,098,766		(195,824	)		13,084
Inter-Company or Internal Transactions	Forwards		160,414		2,772			2,772

Total			—		(36,849	)		195,775

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(3)	Stock-Related Transactions

As of March 31, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Listed	Index Futures		845,111		1,557			1,557
Listed	Index Futures Options		2,052,562		(97,647	)		(5,067	)
Over-the-Counter	Equity Linked Swaps		191,842		11,513			11,513
	Options		919,581		(5,596	)		(10,114	)
	Other		414,495		24,548			24,548

Total			—		(65,623	)		22,438


(Notes)	1.	The above transactions are marked to market, and changes in unrealized gains (losses) are included in the consolidated statement of income.
	2.	Derivative transactions qualifying for hedge accounting are excluded from the above table.

As of June 30, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Listed	Index Futures		871,965		(3,786	)		(3,786	)
Listed	Index Futures Options		2,049,886		(104,281	)		(8,709	)
Over-the-Counter	Equity Linked Swaps		203,024		9,531			9,531
	Options		880,813		(5,710	)		(10,282	)
	Other		425,551		28,865			28,865

Total			—		(75,383	)		15,617


(Notes)	1.	The above transactions are marked to market, and changes in unrealized gains (losses) are included in the quarterly consolidated statement of income.
	2.	Derivative transactions qualifying for hedge accounting are excluded from the above table.

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(4)	Bond-Related Transactions

As of March 31, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Listed	Futures		1,179,498		(1,988	)		(1,988	)
Listed	Futures Options		687,146		64			18
Over-the-Counter	Options		1,491,680		(181	)		209

Total			—		(2,105	)		(1,759	)


(Note)		The above transactions are marked to market, and changes in unrealized gains (losses) are included in the consolidated statement of income.

As of June 30, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Listed	Futures		2,857,247		(1,478	)		(1,478	)
Listed	Futures Options		1,167,789		(212	)		3
Over-the-Counter	Options		1,310,429		0			(301	)

Total			—		(1,691	)		(1,777	)


(Note)		The above transactions are marked to market, and changes in unrealized gains (losses) are included in the quarterly consolidated statement of income.

(5)	Commodity-Related Transactions

As of March 31, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Listed	Futures		54,436		(189	)		(189	)
Over-the-Counter	Swaps		5,296		1			1
Over-the-Counter	Options		299,986		2,186			2,186

Total			—		1,997			1,997


(Notes)	1.	The above transactions are marked to market, and changes in unrealized gains (losses) are included in the consolidated statement of income.
	2.	Commodities include oil, copper, aluminum and others.

As of June 30, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Listed	Futures		67,625		(569	)		(569	)
Over-the-Counter	Swaps		5,414		1			1
Over-the-Counter	Options		303,833		2,199			2,199

Total			—		1,631			1,631


(Notes)	1.	The above transactions are marked to market, and changes in unrealized gains (losses) are included in the quarterly consolidated statement of income.
	2.	Commodities include oil, copper, aluminum and others.

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(6)	Credit Derivative Transactions

As of March 31, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Over-the-Counter	Credit Derivatives		3,840,024		(2,751	)		(2,751	)

Total			—		(2,751	)		(2,751	)


(Note)		The above transactions are marked to market, and changes in unrealized gains (losses) are included in the consolidated statement of income.

As of June 30, 2017


*(Millions of yen)*
Classification	Type	Contract Value		Fair Value			Unrealized Gains (Losses)
Over-the-Counter	Credit Derivatives		3,741,968		(2,972	)		(2,972	)

Total			—		(2,972	)		(2,972	)


(Note)		The above transactions are marked to market, and changes in unrealized gains (losses) are included in the quarterly consolidated statement of income.

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Per Share Information

Net Income per Share of Common Stock and Diluted Net Income per Share of Common Stock are based on the following information:


		For the three months ended June 30, 2016		For the three months ended June 30, 2017
(1) Net Income per Share of Common Stock	Yen		5.29		4.66
(The basis used for calculating Net Income per Share of Common Stock)
Profit Attributable to Owners of Parent	Millions of yen		132,639		118,290
Amount not attributable to Common Stock	Millions of yen		—		—
Profit Attributable to Owners of Parent related to Common Stock	Millions of yen		132,639		118,290
Average Outstanding Shares of Common Stock (during the period)	Thousands of shares		25,039,256		25,367,097

(2) Diluted Net Income per Share of Common Stock	Yen		5.22		4.66
(The basis used for calculating Diluted Net Income per Share of Common Stock)
Adjustment to Profit Attributable to Owners of Parent	Millions of yen		—		—
Increased Number of Shares of Common Stock	Thousands of shares		346,050		8,582
Preferred Stock	Thousands of shares		332,885		—
Stock Acquisition Rights	Thousands of shares		13,164		8,582
Description of dilutive securities which were not included in the calculation of Diluted Net Income per Share of Common Stock as they have no dilutive effects and in which significant changes occurred after the end of the previous fiscal year			—		—


(Note)		In the calculation of Net Income per Share of Common Stock and Diluted Net Income per Share of Common Stock, MHFG shares outstanding in BBT trust account that were recognized as Treasury Stock in Shareholders’ Equity are included in Treasury Stock shares deducted in the calculation of the Average Outstanding Shares of Common Stock during the period. The average number of such Treasury Stock shares deducted during the period is 9,000 thousand.

Subsequent Events

There is no applicable information.

- 21 -

II.

Others

At the meeting of the Board of Directors held on May 15, 2017, the year-end cash dividends for the 15th term were resolved as follows:


Total amount of year-end cash dividends			¥95,173 million
Year-end cash dividends per share Common Stock			¥3.75
Effective date and starting date of dividend payments			June 5, 2017

- 22 -