Mizuho Financial Group Files 20-F Annual Report

TL;DR

Mizuho Financial Group dropped its 20-F, check the financials for the banking giant.

AI Summary

Mizuho Financial Group Inc. filed its 20-F annual report on June 26, 2024, for the period ending March 31, 2024. The filing details financial information and business operations for the Japanese banking giant. Key financial data and disclosures are provided, including references to revenue recognition standards like ASC 606.

Why It Matters

This filing provides crucial insights into the financial health and strategic direction of Mizuho Financial Group, a major global financial institution, impacting investors and the broader financial markets.

Risk Assessment

Risk Level: medium — As a large financial institution, Mizuho is subject to various market, credit, and regulatory risks inherent in the banking sector.

Key Numbers

• 20240331 — Period of Report (The end date for the financial reporting period covered by the 20-F.)
• 20240626 — Filing Date (The date Mizuho Financial Group Inc. submitted its 20-F filing to the SEC.)

Key Players & Entities

• MIZUHO FINANCIAL GROUP INC (company) — Filer of the 20-F report
• 0001335730 (company) — Central Index Key for Mizuho Financial Group Inc.
• ASC 606 (other) — Revenue recognition standard referenced in the filing

FAQ

Key Financial Figures

• $1 — in U.S. dollars at the rate of 107.53= $1.00, 110.61= $1.00, 121.44= $1.00, 132.7
• $1.00 — , 110.61= $1.00, 121.44= $1.00, 132.75= $1.00 and 151.22= $1.00 for the fiscal years

Filing Documents

• d813285d20f.htm (20-F) — 11054KB
• d813285dex12.htm (EX-1.2) — 178KB
• d813285dex111.htm (EX-11.1) — 6KB
• d813285dex112.htm (EX-11.2) — 79KB
• d813285dex113.htm (EX-11.3) — 10KB
• d813285dex121.htm (EX-12.1) — 10KB
• d813285dex122.htm (EX-12.2) — 10KB
• d813285dex131.htm (EX-13.1) — 5KB
• d813285dex15.htm (EX-15) — 2KB
• d813285dex97.htm (EX-97) — 17KB
• g813285g04r39.jpg (GRAPHIC) — 69KB
• g813285g23d00.jpg (GRAPHIC) — 67KB
• g813285g36v36.jpg (GRAPHIC) — 103KB
• g813285g60y43.jpg (GRAPHIC) — 62KB
• g813285g67d09.jpg (GRAPHIC) — 49KB
• g813285g83v83.jpg (GRAPHIC) — 91KB
• g813285g87h30.jpg (GRAPHIC) — 55KB
• 0001193125-24-168491.txt ( ) — 45707KB
• mfg-20240331.xsd (EX-101.SCH) — 222KB
• mfg-20240331_cal.xml (EX-101.CAL) — 214KB
• mfg-20240331_def.xml (EX-101.DEF) — 1375KB
• mfg-20240331_lab.xml (EX-101.LAB) — 1439KB
• mfg-20240331_pre.xml (EX-101.PRE) — 1478KB
• d813285d20f_htm.xml (XML) — 11738KB

tem 18

Item 17Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS) Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No * Not for trading, but only in connection with the registration and listing of the ADSs. Table of Contents MIZUHO FINANCIAL GROUP, INC. ANNUAL REPORT ON FORM 20-F Table of Contents Page Presentation of Financial and Other Information 3

Forward-Looking Statements

Forward-Looking Statements 3 ITEM 1. Identity of Directors, Senior Management and Advisers 5 ITEM 2. Offer Statistics and Expected Timetable 5 ITEM 3. Key Information 6 3.A.

Selected Financial Data

Selected Financial Data 6 3.B. Capitalization and Indebtedness 8 3.C. Reasons for the Offer and Use of Proceeds 8 3.D.

Risk Factors

Risk Factors 9 ITEM 4. Information on the Company 22 4.A. History and Development of the Company 22 4.B. Business Overview 24 4.C. Organizational Structure 59 4.D. Property, Plant and Equipment 61 ITEM 4A. Unresolved Staff Comments 61 ITEM 5. Operating and Financial Review and Prospects 62 ITEM 6. Directors, Senior Management and Employees 107 6.A. Directors and Senior Management 107 6.B. Compensation 113 6.C. Board Practices 121 6.D. Employees 128 6.E. Share Ownership 128 6.F. Disclosure of a Registrant's Action to Recover Erroneously Awarded Compensation 129 ITEM 7. Major Shareholders and Related Party Transactions 130 7.A. Major Shareholders 130 7.B. Related Party Transactions 130 7.C. Interests of Experts and Counsel 131 ITEM 8. Financial Information 131 8.A. Consolidated Statements and Other Financial Information 131 8.B. Significant Changes 131 ITEM 9. The Offer and Listing 131 9.A. Listing Details 131 9.B. Plan of Distribution 132 9.C. Markets 132 9.D. Selling Shareholders 132 9.E.

Dilution

Dilution 132 9.F. Expenses of the Issue 132 ITEM 10. Additional Information 132 10.A. Share Capital 132 10.B. Memorandum and Articles of Association 132 10.C. Material Contracts 144 10.D. Exchange Controls 145 10.E. Taxation 149 10.F. Dividends and Paying Agents 155 10.G. 155 1 Table of Contents Page 10.H. Documents on Display 155 10.I. Subsidiary Information 155 10.J. Annual Report to Security Holders 155 ITEM 11.

Quantitative and Qualitative Disclosures about Credit, Market and Other Risk

Quantitative and Qualitative Disclosures about Credit, Market and Other Risk 156 ITEM 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 174 12.A. Debt Securities 174 12.B. Warrants and Rights 174 12.C. Other Securities 174 12.D. American Depositary Shares 174 ITEM 13. Defaults, Dividend Arrearages and Delinquencies 175 ITEM 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 175 ITEM 15.

Controls and Procedures

Controls and Procedures 175 ITEM 16A. Audit Committee Financial Expert 176 ITEM 16B. Code of Ethics 176 ITEM 16C. Principal Accountant Fees and Services 176 ITEM 16D. Exemptions from the Listing Standards for Audit Committees 177 ITEM 16E. Purchase of Equity Securities by the Issuer and Affiliated Purchasers 178 ITEM 16F. Change in Registrant's Certifying Accountant 178 ITEM 16G. Corporate Governance 178 ITEM 16H. Mine Safety Disclosure 180 ITEM 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 180 ITEM 16J. Insider Trading Policies 180 ITEM 16K. Cybersecurity 180 ITEM 17.

Financial Statements

Financial Statements 183 ITEM 18.

Financial Statements

Financial Statements 183 ITEM 19. Exhibits 183 Selected Statistical Data A-1 Index to Consolidated Financial Statements F-1 2 Table of Contents PRESENTATION OF FINANCIAL AND OTHER INFORMATION In this annual report, the terms "Mizuho Financial Group," the "Mizuho group," "we," "us" and "our" generally refer to Mizuho Financial Group, Inc. and its consolidated subsidiaries, but from time to time as appropriate to the context, those terms refer to Mizuho Financial Group, Inc. as an individual legal entity. Furthermore, unless the context indicates otherwise, these references are intended to refer to us as if we had been in existence in our current form for all periods referred to herein. On July 1, 2013, a merger between the former Mizuho Bank, Ltd. and the former Mizuho Corporate Bank, Ltd. came into effect with the former Mizuho Corporate Bank as the surviving entity, which was renamed Mizuho Bank upon the merger. In this annual report, "Mizuho Bank" refers to the post-merger entity, while the "former Mizuho Bank" and the "former Mizuho Corporate Bank" refer to pre-merger Mizuho Bank and pre-merger Mizuho Corporate Bank, respectively. In this annual report, "our principal banking subsidiaries" refer to Mizuho Bank and Mizuho Trust & Banking Co., Ltd. In this annual report, references to "U.S. dollars," "dollars" and "$" refer to the lawful currency of the United States and those to "yen" and "" refer to the lawful currency of Japan. In this annual report, yen figures and percentages presented in accordance with accounting principles generally accepted in the United States, or U.S. GAAP, have been rounded to the figures shown, and yen figures and percentages presented in accordance with accounting principles generally accepted in Japan, or Japanese GAAP, have been truncated to the figures shown, in each case, unless otherwise specified. However, in some cases, figures as of or for the fiscal year ended March 31, 2023 and earlier presented i

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS We may from time to time make written or oral forward-looking statements. Written forward-looking statements may appear in documents filed with the Securities and Exchange Commission, including this annual report, and other reports to shareholders and other communications. The U.S. Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking information to encourage companies to provide prospective information about themselves. We rely on this safe harbor in making these forward-looking statements. This annual report contains forward-looking statements regarding the intent, belief, current expectations and targets of our management with respect to our financial condition and future results of operations. In many cases, 3 Table of Contents 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. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results may vary materially from those we currently anticipate. Potential risks and uncertainties include, without limitation, the following: international conflicts and geopolitical disruptions; increase in allowance for credit losses on loans and incurrence of significant credit-related costs; declines in the value of our securities portfolio, including as a result of the declines in stock markets and the impact of the dislocation in the global financial markets; changes in interest rates; foreign exchange rate fl

View Full Filing

View this 20-F filing on SEC EDGAR