Financial Results for FY2015 and New Medium-term Business Plan Progressive Development of “One MIZUHO” – The Path to a Financial Services Consulting Group – May 2016
Important Notice Forward-looking Statements This presentation 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 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.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. Mizuho Financial Group, Inc. 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. Unless otherwise specified, the financial figures used in this presentation are based on Japanese GAAP This presentation does not constitute a solicitation of an offer for acquisition or an offer for sale of any securities Definitions FG: Mizuho Financial Group, Inc. BK: Mizuho Bank, Ltd. TB: Mizuho Trust & Banking Co., Ltd. SC: Mizuho Securities Co., Ltd. former CB: Former Mizuho Corporate Bank former BK: Former Mizuho Bank before the merger on Jul. 2013 RBC: Retail & Business Banking Company CIC: Corporate & Institutional Company GCC: Global Corporate Company GMC: Global Markets Company AMC: Asset Management Company Net Income Attributable to FG: Profit Attributable to Owners of Parent 2 Banks: Aggregate figures for BK and TB on a non-consolidated basis (Figures of BK up to 1Q FY2013 are simple aggregate figures of former BK and former CB) BK+TB+SC: Aggregate figures for BK, TB and SC (including major subsidiaries) on a non-consolidated basis Group aggregate: Aggregate figures for BK, TB, SC, Asset Management One (estimated date of integration: Oct., 2016) and other major subsidiaries on a non-consolidated basis Unit managerial basis: Managerial figures based on results of former business units up to FY2015 1
Mizuho Group Holding Company Mizuho Financial Group Other Major Subsidiaries Banking Trust Securities Trust and Custody Mizuho Research Institute Mizuho Mizuho Mizuho Services Bank Bank Trust & Banking Securities Mizuho Information & Mizuho Asset Management Research Institute Mizuho Private Wealth DIAM *1 Management (Rounded Figures) One of the Broadest Forbes Global 200 *2 Individual Comprehensive SME Coverage of Listed Customer Base among (Non-Japanese Customers Securities Accounts Borrowers, etc. Companies in Japan Corporate Customers) Japanese Financial 24M 1.65M 100K 70% 80% Institutions Credit Ratings (As of May 13, 2016) S&P Moody’s Fitch R&I JCR FG A- A1 A- A+ AA- BK / TB A A1 A- AA- AA *1: An affiliate under equity method *2: Top 200 corporations from Forbes Global 2000 (excl. financial institutions) 2
Contents Financial Results for FY2015 - Overview of FY2015 P. 4 - Collaboration among Banking, Trust and Securities Functions P. 19 - Net Business Profits by Business Unit P. 7 - Domestic Business Results (Individual Customers) P. 21 - KPI (Key Performance Indicators) P. 8 - Domestic Business Results (Corporate Customers) P. 22 - Net Interest Income from Customer Groups P. 9 - Overseas Business Results P. 23 - Non-Interest Income from Customer Groups P. 12 - Overseas Loan Portfolio P. 24 - G&A Expenses P. 13 - Exposure to Resource Sectors and to Countries including GIIPS P. 25 - Securities Portfolio P. 14 - Earnings Plan of FY2016 P. 26 - Credit Portfolio P. 16 - Impact of the implementation of the Negative Interest Rate Policy P. 27 - Mizuho Securities P. 17 - Initiatives related to ESG P. 28 - Four Key Focus Areas P. 18 - Mizuho’s Strengths P. 32 New Medium-term Business Plan Progressive Development of “One MIZUHO”-The Path to a Financial Services Consulting Group- 1. Background (3) 10 Basic Strategies -Overview of the Previous Medium-term Business Plan P. 37 - Strengthening our Non-interest Income Focused Business Model P. 52 -Understanding of History and the Unchanging Value of Mizuho P. 38 - Responding to the Shift from Savings to Investment P. 53 -Management Environment P. 39 - Strengthening our Research & Consulting Functions P. 54 -Risk Appetite P. 41 - Responding to FinTech P. 55 - “Area One MIZUHO” Strategy P. 57 2. Summary - Balance Sheet Control Strategies and Cost Structure Reform P. 58 (1) Outline - Cross-shareholdings Disposal P. 59 - Summary of the New Medium-term Business Plan P. 43 - Transition to Next-Generation IT Systems P. 60 - Pursue Operational Excellence P. 44 (4) Financial Strategy (2) 5 Basic Policies - Financial Targets P. 62 - Introduction of the In-house Company System P. 46 - Income Path P. 63 - Selecting and Focusing of Business Areas P. 47 - Gross Profits (Customer Groups) P. 64 - Establishment of a Resilient Financial Structure P. 48 - Expenses P. 65 - Active Involvement in Financial Innovation P. 49 - Capital Management P. 66 - Embedding a Corporate Culture that Encourages the Active - Inorganic Growth Strategy P. 67 Participation of Our Workforce to Support a Stronger Mizuho P. 50 - Net Profits by In-house Company P. 68 - KPI (Key Performance Indicators) P. 69 3
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