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June 21, 2002

Revision of summary of financial statements for the fiscal year ended on March 31, 2002

Mizuho Holdings, Inc. and its subsidiary, the former Industrial Bank of Japan, Limited, revised the summary of its consolidated financial statements for the fiscal year ended on March 31, 2002, as follows:

1. Page 14 of the summary for Mizuho Holdings, Inc.
 8. Results of Off-Balancing Problem Loans

3. Problem Loans in the First Half of FY2001(problem loans generated additionally)
(2) Type of Off-Balancing Problem Loans

Before the revision

(in billions of yen)

Other (242.2)
  Debt Recovery (92.2)
Improvement in Business Performance (149.8)

After the revision

Other (242.2)
  Debt Recovery (141.6)
Improvement in Business Performance (100.4)

2. Page 3-19 of the summary for the former Industrial Bank of Japan, Limited
 8. Results of Off-Balancing Problem Loans

3. Problem Loans in the First Half of FY2001(problem loans generated additionally)
(2) Type of Off-Balancing Problem Loans

Before the revision

(in billions of yen)

Other (53.4)
  Debt Recovery (2.0)
Improvement in Business Performance (51.4)

After the revision

Other (53.4)
  Debt Recovery (51.4)
Improvement in Business Performance (2.0)
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