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Earnings Plan

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Earnings Plan and Cash Dividend Payment (As of Nov 14, 2016)

  • Estimated Net Income Attributable to FG*2 for FY2016 remains unchanged from the original earnings Plan of JPY 600.0Bn

Consolidated

(JPY Bn)
  FY2016 Plan vs.Original Plan for FY2016 Changes from FY2015
Consolidated Net Business Profits*1 730.0 −20.0*3 −122.8
Credit–related Costs −60.0 20.0 −29.5
Net Gains (Losses) related to Stocks 150.0 −55.6
Ordinary Profits 770.0 −40.0 −227.5
Net Income Attributable to FG*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
  • *3Changed assumed exchange rate assumption from USD 1 = JPY 115 to USD 1 = JPY 102

2 Banks

(JPY Bn)
  FY2016 Plan vs.Original Plan for FY2016 Changes from FY2015
Net Business Profits 575.0 −20.0 −113.4
Credit–related Costs −55.0 15.0 −28.2
Net Gains (Losses) related to Stocks 130.0 5.0 −51.4
Ordinary Profits 525.0 −20.0 −237.9
Net Income 380.0 −15.0 −150.6

Cash Dividends per Share of Common Stock

  • Interim cash dividend payment is to be made as planned
  • Estimated annual cash dividend payments remain unchanged
  FY2016 Plan Changes from FY2015
Interim Cash Dividend Payment JPY 3.75 unchanged
Fiscal Year–end Cash Dividend Payment (Estimate) JPY 3.75 unchanged
Annual Cash Dividends (Estimate) JPY 7.50 unchanged

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"), which is available in the Financial Information section of our web page at www.mizuho-fg.com/ 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.

MHFG 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.

Definition

2 Banks: Aggregate figures for MHBK and MHTB on a non–consolidated basis (Figures of MHBK up to 1Q FY2013 are simple aggregate figures of former MHBK and former MHCB)

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