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Earnings Plan

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Earnings Plan for FY2016 (As of May 13, 2016)

  • Net Income Attributable to MHFG*2 is estimated to be JPY 600.0Bn, a decrease from FY2015

Consolidated

(JPY Bn)
  FY2016 (Plan) Change from FY2014
Consolidated Net Business Profits 750.0 −102.8
Credit–related Costs −80.0 −49.5
Net Gains (Losses) related to Stocks 150.0 −55.6
Ordinary Profits 810.0 −187.5
Net Income Attributable to MHFG*2 600.0 −70.9
  • *1Consolidated Gross Profits – G&A Expenses (excluding Non–Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments
  • *2Profit Attributable to Owners of Parent

MHBK + MHTB

(JPY Bn)
  FY2016 (Plan) Change from FY2014
Net Business Profits 595.0 −93.4
Credit–related Costs −70.0 −43.2
Net Gains (Losses) related to Stocks 125.0 −56.4
Ordinary Profits 545.0 −217.9
Net Income 395.0 −135.6

Cash Dividends per Share of Common Stock

  • Continue the "steady dividend payout" policy with a "dividend payout ratio on a consolidated basis of approx. 30%" as a guide for our consideration
  • Annual Cash Dividend per Share of Common Stock for FY2016 is estimated to be JPY 7.5 (Dividend Payout Ratio: 31.6%)
Annual Cash Dividends (Estimate) JPY 7.50
of which Interim Cash Dividend Payment (Estimate) JPY 3.75
of which Fiscal Year–end Cash Dividend Payment (Estimate) JPY 3.75

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, realize the synergy effects of "One MIZUHO," 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 January 26, 2016, both of which are 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.

Definition

  • MHBK + MHTB: Simple aggregate figures for Mizuho Bank (MHBK) and Mizuho Trust & Banking (MHTB) on a non–consolidated basis
  • MHSC: Figures for Mizuho Securities (MHSC) on a consolidated basis
  • Figures of MHBK up to 1Q FY2013 are simple aggregates of former Mizuho Bank and former Mizuho Corporate Bank

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A Message from the President & Group CEO

Mizuho's Strengths

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Accounts–related News Release

Shareholders' Meeting

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Mizuho's Brand Strategy

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