Mizuho Financial Group Files 6-K for Q2 2024

TL;DR

Mizuho Financial Group dropped their Q2 2024 6-K, check the footnotes for AOCI reclassifications and security details.

AI Summary

Mizuho Financial Group, Inc. filed a 6-K report for the period ending September 30, 2024. The filing includes financial information and disclosures, such as reclassifications from Accumulated Other Comprehensive Income (AOCI) to net income, details on cash and cash equivalents, and information on available-for-sale securities. The report also mentions agency mortgage-backed securities.

Why It Matters

This filing provides investors with updated financial disclosures for Mizuho Financial Group, offering insights into their balance sheet and income statement components for the second quarter of their fiscal year.

Risk Assessment

Risk Level: low — This is a routine financial disclosure filing (6-K) that does not contain significant new strategic information or market-moving events.

Key Numbers

• 2024 Q2 — Reporting Period (The filing covers the financial results for the second quarter of the fiscal year 2024.)

Key Players & Entities

• MIZUHO FINANCIAL GROUP INC (company) — Filer
• 0001335730 (company) — Central Index Key
• 20240930 (date) — Period of Report
• 20241226 (date) — Filing Date
• March 31, 2024 (date) — Reference Date for Securities
• September 30, 2024 (date) — Reference Date for Securities

FAQ

Key Financial Figures

• $1.00 — te, according to the BOJ, was 151.34 to $1.00 as of March 29, 2024 and strengthened t
• $1.12 billion — rect net country exposure to Russia was $1.12 billion and $1.13 billion, respectively, which
• $1.13 b — xposure to Russia was $1.12 billion and $1.13 billion, respectively, which were only a
• $0.05 billion — of AO Mizuho Bank (Moscow) decreased by $0.05 billion from $0.09 billion as of March 31, 2024
• $0.09 billion — Moscow) decreased by $0.05 billion from $0.09 billion as of March 31, 2024 to $0.04 billion a
• $0.04 billion — m $0.09 billion as of March 31, 2024 to $0.04 billion as of September 30, 2024. Considering

Filing Documents

• d862919d6k.htm (6-K) — 6264KB
• 0001193125-24-284562.txt ( ) — 30100KB
• mfg-20240930.xsd (EX-101.SCH) — 143KB
• mfg-20240930_cal.xml (EX-101.CAL) — 156KB
• mfg-20240930_def.xml (EX-101.DEF) — 903KB
• mfg-20240930_lab.xml (EX-101.LAB) — 962KB
• mfg-20240930_pre.xml (EX-101.PRE) — 946KB
• d862919d6k_htm.xml (XML) — 9045KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: December 26, 2024 Mizuho Financial Group, Inc. By: /s/Masahiro Kihara Name: Masahiro Kihara Title: President & Group CEO Table of Contents In this 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. Accordingly, the sum of the figures presented in tables or otherwise herein may not match the total amount. Unless otherwise specified, for purposes of this report, we have presented our financial information in accordance with U.S. GAAP. Table of Contents Page Recent Developments 2 Accounting Changes 5 Operating Results 6 Business Segments Analysis 10 Financial Condition 14 Liquidity 20 Capital Adequacy 23 Consolidated Balance Sheets (Unaudited) F-1 Consolidated Statements of Income (Unaudited) F-3 Consolidated Statements of Comprehensive Income (Unaudited) F-4 Consolidated Statements of Equity (Unaudited) F-5 Consolidated Statements of Cash Flows (Unaudited) F-6

Notes to Consolidated Financial Statements (Unaudited)

Notes to Consolidated Financial Statements (Unaudited) F-7 1 Table of Contents Recent Developments The following is a summary of significant business developments since March 31, 2024 relating to Mizuho Financial Group, Inc. Operating Environment As to the recent economic environment, developed countries in Europe and the United States have begun to cut interest rates in response to the slowdown in inflation. In the United States, although the labor market has been slowing due to the effects of monetary tightening, the economy has remained resilient, driven by consumption by high-income earners. On the other hand, in Europe, consumption and corporate activities have continued to stagnate. In China, the economy has lacked strength due to the correction in the real estate market and sluggish consumer spending. In Japan, the economy has been experiencing a moderate recovery. While low growth in overseas economies has weighed on production in the manufacturing sector, capital investment and wages have been on an increasing trend on the back of high corporate profits. Going forward, a moderate recovery is likely to continue, led by domestic demand, as high corporate profits continue to be allocated to capital investment and wage increases, while the trend of passing on costs due to yen depreciation and increased labor costs to prices continues. In light of these circumstances, the Bank of Japan ("BOJ") decided to raise its policy interest rate in July 2024. It is expected that the BOJ will continue to determine its monetary policy by assessing developments in wages and prices and other trends of the economy going forward. In the United States, the economy has continued to grow steadily, driven by consumption by high-income earners, even under the rapid monetary tightening by the Federal Reserve Board ("FRB"). On the other hand, due to the impact of monetary tightening, corporations have been refraining from hiring, and the labor market is slowing down. A

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View this 6-K filing on SEC EDGAR