Mizuho Financial (NYSE: MFG) lifts 2026 profit outlook after strong Q1

Rhea-AI Filing Summary

Mizuho Financial Group reported strong results for the first quarter of fiscal 2026 (three months ended June 30, 2026). Consolidated ordinary income was ¥2,520,855 million, up 18.3% year on year, while ordinary profits rose to ¥598,973 million, a 62.5% increase. Profit attributable to owners of parent reached ¥422,909 million, up 45.5%. Basic and diluted earnings per share were both ¥173.53, compared with ¥115.90 a year earlier.

Total assets were ¥304,283,463 million and total net assets ¥11,587,130 million; the own capital ratio remained 3.7%. Credit quality indicators improved, with the consolidated non‑performing loan ratio declining to 0.70%. Loan–deposit spreads widened at the main banking entities. Following this performance, the group raised its full‑year fiscal 2026 profit attributable to owners forecast to ¥1,400,000 million (12.1% growth versus the prior fiscal year) and now targets EPS of ¥575.08. The common dividend forecast was increased to ¥150.00 per share for fiscal 2026, up from ¥145.00 in fiscal 2025.

Positive

• Profit attributable to owners of parent rose 45.5% year on year in 1Q FY2026 to ¥422,909 million, with ordinary profits up 62.5%, indicating materially stronger profitability than the prior-year quarter.
• Full-year profit guidance was raised by ¥100,000 million to ¥1,400,000 million (a 7.6% uplift from the previous forecast), alongside an increased dividend forecast to ¥150.00 per share for fiscal 2026.

Negative

• None.

Filing Explained

The July 30 report updates Mizuho’s F-3 prospectus record, but does not disclose a completed share sale or issuance.

Mizuho Financial Group uses this Form 6-K, an interim report for a foreign private issuer, to furnish its first-quarter financial information. The report was furnished on July 30, 2026 and is incorporated by reference into the company’s Form F-3 prospectus, so the disclosure becomes part of that prospectus record; the filing itself discloses no completed share sale or issuance.

The attached quarterly statements were prepared under Japanese GAAP, with specified disclosures omitted, and state that they were not reviewed by certified public accountants or an audit firm. This limits the procedural status of the financial information compared with reviewed financial statements.

The notes state that there is no applicable information regarding the assumption of going concern and no applicable significant change in shareholders’ equity for the quarter. Period-end issued shares, including treasury stock, were 2,442,831,994 shares at June 30, 2026, versus 2,489,848,594 shares at March 31, 2026; treasury stock was 9,294,931 shares versus 51,325,298 shares.

Key Figures

Ordinary Income: ¥2,520,855 million Ordinary Profits: ¥598,973 million Profit Attributable to Owners of Parent: ¥422,909 million +5 more

8 metrics

Ordinary Income ¥2,520,855 million Consolidated, 1Q fiscal 2026; 18.3% increase year on year

Ordinary Profits ¥598,973 million Consolidated, 1Q fiscal 2026; 62.5% increase year on year

Profit Attributable to Owners of Parent ¥422,909 million Consolidated, 1Q fiscal 2026; 45.5% increase year on year

EPS (basic and diluted) ¥173.53 Earnings per share of common stock, 1Q fiscal 2026

Total Assets ¥304,283,463 million Consolidated balance sheet as of June 30, 2026

Own Capital Ratio 3.7% Consolidated, as of June 30, 2026; unchanged from fiscal 2025 year-end

Full-year Profit Guidance ¥1,400,000 million Fiscal 2026 profit attributable to owners forecast; raised from ¥1,300,000 million

NPL Ratio 0.70% Consolidated non-performing loan ratio as of June 30, 2026

Key Terms

Ordinary Profits, Profit Attributable to Owners of Parent, Own Capital Ratio, Non-performing loan ratio, +2 more

6 terms

Ordinary Profits financial

"Ordinary Profits ¥ million 1Q F2026 598,973"

Profit Attributable to Owners of Parent financial

"Profit Attributable to Owners of Parent ¥ million 1Q F2026 422,909"

Own Capital Ratio financial

"Total Net Assets ¥ million 11,587,130 Own Capital Ratio 3.7"

Non-performing loan ratio financial

"NPL ratio[1]/[2] 0.70 (0.09) 0.80"

The non-performing loan ratio is the share of a lender’s loans that are not being paid back as agreed—typically loans overdue long enough to be considered in default. It matters to investors because it signals the health of a bank’s loan book: a rising ratio is like more customers skipping payments, which can reduce profits, force higher loss reserves or capital needs, and increase the risk to the lender’s valuation.

Allowance for Loan Losses financial

"Allowance for Loan Losses (637,302) (596,916)"

Allowance for loan losses is money set aside by a bank to cover potential losses if some loans don’t get repaid. It helps the bank stay prepared for bad debts, much like setting aside savings for unexpected expenses. This ensures the bank remains stable even if some borrowers can’t pay back their loans.

Net Business Profits financial

"Consolidated Net Business Profits 532.4 220.3 312.0"

Earnings Snapshot

Ordinary Income: ¥2,520,855 million · Guidance included

First quarter of fiscal 2026 (three months ended June 30, 2026)

Ordinary Income ¥2,520,855 million 18.3% increase year on year

Ordinary Profits ¥598,973 million 62.5% increase year on year

Profit attributable to owners of parent ¥422,909 million 45.5% increase year on year

EPS (basic) ¥173.53 up from ¥115.90 in 1Q fiscal 2025

Guidance

For fiscal 2026, profit attributable to owners of parent is forecast at ¥1,400,000 million, revised up from ¥1,300,000 million, with projected earnings per share of ¥575.08.

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FAQ

How did Mizuho Financial Group (MFG) perform in 1Q fiscal 2026?

Mizuho Financial Group’s profit attributable to owners was ¥422,909 million in 1Q FY2026, up 45.5% year on year. Ordinary profits rose 62.5% to ¥598,973 million and ordinary income increased 18.3% to ¥2,520,855 million.

What is Mizuho Financial Group (MFG)’s updated profit forecast for fiscal 2026?

For fiscal 2026, Mizuho now forecasts profit attributable to owners of ¥1,400,000 million. This is an upward revision from the previous ¥1,300,000 million forecast, a ¥100,000 million (7.6%) increase, with projected EPS of ¥575.08.

What earnings per share did Mizuho Financial Group (MFG) report for 1Q 2026?

For 1Q FY2026, Mizuho reported earnings per share of ¥173.53, both basic and diluted. This compares with ¥115.90 in the same quarter of the previous fiscal year, reflecting significantly higher profitability per share.

How did asset quality and non-performing loans change at Mizuho Financial Group (MFG)?

As of June 30, 2026, Mizuho’s consolidated non‑performing loan (NPL) ratio was 0.70%, down from 0.80%. Non‑performing claims totaled ¥842.6 billion out of ¥119,098.0 billion in total claims, indicating slightly improved credit quality.

What dividend does Mizuho Financial Group (MFG) expect to pay for fiscal 2026?

Mizuho forecasts total cash dividends on common stock of ¥150.00 per share for fiscal 2026, split as ¥75.00 at second quarter‑end and ¥75.00 at fiscal year‑end. This compares with ¥145.00 per share for fiscal 2025.

What were Mizuho Financial Group (MFG)’s total assets and capital ratio at June 30, 2026?

At June 30, 2026, Mizuho reported total assets of ¥304,283,463 million and total net assets of ¥11,587,130 million. The own capital ratio was 3.7%, unchanged from the end of fiscal 2025.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number 001-33098

Mizuho Financial Group, Inc.

(Translation of registrant’s name into English)

5-5, Otemachi 1-chome

Chiyoda-ku, Tokyo 100-8176

Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE INTO THE PROSPECTUS FORMING A PART OF MIZUHO FINANCIAL GROUP, INC.’S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-282497) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

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:		July 30, 2026
Mizuho Financial Group, Inc.
By:		/s/ Makoto Samejima
Name:		Makoto Samejima
Title:		Senior Managing Corporate Executive / Group CFO

For Immediate Release:

Consolidated Financial Statements for the First Quarter of Fiscal 2026 (Under Japanese GAAP)  

Company Name: Mizuho Financial Group, Inc. (“MHFG”) July 30, 2026

Stock Code Number (Japan):		8411
Stock Exchange Listings:		Tokyo Stock Exchange (Prime Market), New York Stock Exchange
URL:		https://www.mizuhogroup.com
Representative:		Masahiro Kihara		President & Group CEO
For Inquiry:		Hikaru Osuga		General Manager of Accounting		Phone:		+81-3-6838-6101
Trading Accounts: Established
Commencement of Dividend Payment (scheduled): -
Supplementary Materials on Quarterly Results: Attached
IR Conference on Quarterly Results: Scheduled

Amounts less than one million yen are rounded down.

1. Financial Highlights for the First Quarter of Fiscal 2026 (for the three months ended June 30, 2026)

(1) Consolidated Results of Operations

(%: Changes from the corresponding period of the previous fiscal year)
		Ordinary Income								Ordinary Profits								Profit Attributable to Owners of Parent
		¥ million				%				¥ million				%				¥ million				%
1Q F2026			2,520,855				18.3				598,973				62.5				422,909				45.5
1Q F2025			2,130,048				(10.5	)			368,583				4.0				290,521				0.4

Note: Comprehensive Income: 1Q F2026: ¥413,801 million, 25.8%; 1Q F2025: ¥328,712 million, 41.6%

		Earnings per Share of Common Stock				Diluted Earnings per Share of Common Stock
		¥				¥
1Q F2026			173.53				173.53
1Q F2025			115.90				115.90

(2) Consolidated Financial Conditions

		Total Assets				Total Net Assets				Own Capital Ratio
		¥ million				¥ million				%
1Q F2026			304,283,463				11,587,130				3.7
Fiscal 2025			302,240,042				11,403,890				3.7

Reference: Own Capital: As of June 30, 2026: ¥11,510,833 million; As of March 31, 2026: ¥11,315,320 million

Note: Own Capital Ratio is calculated as follows: (Total Net Assets - Stock Acquisition Rights - Non-controlling Interests) / Total Assets × 100 Own Capital Ratio stated above is not calculated based on the public notice of Own Capital Ratio.

2. Cash Dividends for Shareholders of Common Stock

		Annual Cash Dividends per Share
		First quarter-end						Second quarter-end				Third quarter-end				Fiscal year-end				Total
				¥				¥				¥				¥				¥
Fiscal 2025					—				72.50				—				72.50				145.00
Fiscal 2026					—
Fiscal 2026 (estimate)									75.00				—				75.00				150.00

Note: Revision of the latest announced estimates for cash dividends for shareholders of common stock : No

3. Consolidated Earnings Estimates for Fiscal 2026 (for the fiscal year ending March 31, 2027)

		(%: Changes from the corresponding period of the previous fiscal year)
										Profit Attributable to Owners of Parent								Earnings per Share of Common Stock
										¥ million				%				¥
Fiscal 2026 H1											—				—				—
Fiscal 2026											1,400,000				12.1				575.08

Notes:		1.		Revision of the latest announced earnings estimates for fiscal 2026: Yes
				Following the result from 1Q, MHFG revised Consolidated Earnings Estimates for Fiscal 2026 (for the fiscal year ending March 31, 2027).
				Profit Attributable to Owners of Parent: The latest announced estimates: ¥1,300,000 million, Revised estimates: ¥1,400,000 million, Changes from the original estimates: ¥100,000 million, 7.6%
		2.		The number of shares of common stock used in the above per share information is based on the weighted average of the average number of outstanding shares (excluding treasury stock and others) during the 1Q and the number of outstanding shares during the 2Q-4Q (which is substituted with the number of outstanding shares (excluding treasury stock and others) as of June 30, 2026.

Notes

(1) Significant changes in the scope of consolidation during the period: No

(2) Adoption of Specified Accounting Methods for the Preparation of Quarterly Consolidated Financial Statements: No

(3) Changes in Accounting Policies and Accounting Estimates / Restatements

i Changes in accounting policies due to revisions of accounting standards: No

ii Changes in accounting policies other than i above: No

iii Changes in accounting estimates: No

iv Restatements: No

(4) Issued Shares of Common Stock

i   Period-end issued shares (including treasury stock):

As of June 30, 2026

2,442,831,994 shares

As of March 31, 2026

2,489,848,594 shares

ii  Period-end treasury stock:

As of June 30, 2026

9,294,931 shares

As of March 31, 2026

51,325,298 shares

iii  Average outstanding shares (first quarter):

1Q Fiscal 2026

2,437,042,858 shares

1Q Fiscal 2025

2,506,490,827 shares

Review of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: No

This immediate release 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: impact of geopolitical disruptions; intensification of competition in the market for financial services; 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; impairment of the carrying value of our long-lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our medium-term business plan, 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; changes to applicable laws and regulations; and the effects of climate change.

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.mizuhogroup.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.

Mizuho Financial Group, Inc.

m Contents of Attachment

1.		Overview of Consolidated Results of Operations and Financial Condition		p.1-2
2.		Quarterly Consolidated Financial Statements and Others		p.1-3
		(1) Consolidated Balance Sheets		p.1-3
		(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income		p.1-5
		(3) Notes regarding Consolidated Financial Statements		p.1-7
		(The Framework for Financial Reporting applied to Quarterly Consolidated Financial Statements)
		(Matters Related to the Assumption of Going Concern)
		(Significant Changes in the Amount of Shareholders’ Equity)
		(Business Segments Information)
		(Consolidated Statement of Cash Flows)
		ø SELECTED FINANCIAL INFORMATION for the First Quarter of Fiscal 2026

Note to XBRL

Please note that the names of the English accounts contained in XBRL data, which are available through EDINET and TDNet, may be different from those of the English accounts in our financial statements.

1-1

Mizuho Financial Group, Inc.

1. Overview of Consolidated Results of Operations and Financial Condition

The subject matter is described in the “Summary of Financial Results for the First Quarter of FY2026” disclosed on July 30, 2026 (Thursday), which is available on our web site at https://www.mizuhogroup.com/investors/financial-information.

The information is posted under the Financial Statements (under Japanese GAAP) of Mizuho Financial Group, FY2026, First Quarter, on the above web site.

1-2

Mizuho Financial Group, Inc.

2. Quarterly Consolidated Financial Statements and Others

(1) Consolidated Balance Sheets

		(Millions of yen)
		As of March 31, 2026				As of June 30, 2026
Assets
Cash and Due from Banks		¥	61,567,751			¥	52,124,258
Call Loans and Bills Bought			904,328				920,527
Receivables under Resale Agreements			30,571,427				27,016,687
Guarantee Deposits Paid under Securities Borrowing Transactions			1,771,938				1,781,827
Monetary Claims Bought			4,162,850				4,222,454
Trading Assets			30,477,937				33,886,317
Money Held in Trust			622,709				776,891
Securities			42,632,517				49,922,242
Loans and Bills Discounted			99,753,193				103,079,469
Foreign Exchanges			2,754,033				3,157,182
Derivatives other than for Trading Assets			6,187,816				6,422,554
Other Assets			7,202,972				6,620,851
Tangible Fixed Assets			1,137,346				1,133,247
Intangible Fixed Assets			882,257				891,771
Net Defined Benefit Asset			776,413				760,934
Deferred Tax Assets			238,473				252,752
Customers’ Liabilities for Acceptances and Guarantees			11,233,375				11,910,407
Allowance for Loan Losses			(637,302	)			(596,916	)
Total Assets		¥	302,240,042			¥	304,283,463

1-3

Mizuho Financial Group, Inc.

		(Millions of yen)
		As of March 31, 2026				As of June 30, 2026
Liabilities
Deposits		¥	165,937,062			¥	165,315,426
Negotiable Certificates of Deposit			11,914,568				10,428,256
Call Money and Bills Sold			3,191,543				2,816,948
Payables under Repurchase Agreements			37,731,778				39,481,771
Guarantee Deposits Received under Securities Lending Transactions			1,968,469				1,780,800
Commercial Paper			1,921,799				1,561,613
Trading Liabilities			19,146,460				20,955,935
Borrowed Money			5,098,065				4,943,213
Foreign Exchanges			1,188,938				912,936
Short-term Bonds			524,540				553,220
Bonds and Notes			15,444,980				16,164,465
Due to Trust Accounts			687,707				730,442
Derivatives other than for Trading Liabilities			7,657,456				7,995,144
Other Liabilities			6,737,864				6,866,408
Reserve for Bonus Payments			259,620				97,483
Reserve for Variable Compensation			2,880				3,811
Net Defined Benefit Liability			72,664				50,787
Reserve for Director and Corporate Auditor Retirement Benefits			403				320
Reserve for Possible Losses on Sales of Loans			6,707				11,896
Reserve for Contingencies			15,789				21,379
Reserve for Reimbursement of Deposits			4,936				4,399
Reserve for Reimbursement of Debentures			6,850				4,368
Reserves under Special Laws			5,386				5,373
Deferred Tax Liabilities			31,222				34,596
Deferred Tax Liabilities for Revaluation Reserve for Land			45,074				44,926
Acceptances and Guarantees			11,233,375				11,910,407
Total Liabilities		¥	290,836,151			¥	292,696,333
Net Assets
Common Stock		¥	2,256,767			¥	2,256,767
Capital Surplus			1,129,730				1,129,730
Retained Earnings			6,831,168				6,777,359
Treasury Stock			(311,529	)			(51,070	)
Total Shareholders’ Equity			9,906,137				10,112,786
Net Unrealized Gains (Losses) on Other Securities			1,314,449				1,308,845
Deferred Gains (Losses) on Hedges			(855,219	)			(917,552	)
Revaluation Reserve for Land			94,371				94,048
Foreign Currency Translation Adjustments			630,802				697,014
Remeasurements of Defined Benefit Plans			225,704				216,358
Own Credit Risk Adjustments, Net of Tax			(925	)			(666	)
Total Accumulated Other Comprehensive Income			1,409,182				1,398,047
Stock Acquisition Rights			1,208				1,408
Non-controlling Interests			87,361				74,888
Total Net Assets			11,403,890				11,587,130
Total Liabilities and Net Assets		¥	302,240,042			¥	304,283,463

1-4

Mizuho Financial Group, Inc.

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

		(Millions of yen)
		For the three months ended June 30, 2025				For the three months ended June 30, 2026
Ordinary Income		¥	2,130,048			¥	2,520,855
Interest Income			1,422,571				1,494,425
Interest on Loans and Bills Discounted			647,200				735,811
Interest and Dividends on Securities			203,868				262,894
Trust Fees			15,503				16,761
Fee and Commission Income			272,588				340,665
Trading Income			229,072				364,125
Other Operating Income			90,425				133,117
Other Ordinary Income			99,888				171,760
Ordinary Expenses			1,761,465				1,921,882
Interest Expenses			1,121,100				1,130,265
Interest on Deposits			389,471				438,881
Fee and Commission Expenses			52,822				74,202
Trading Expenses			43,894				87,469
Other Operating Expenses			47,627				30,365
General and Administrative Expenses			460,705				505,969
Other Ordinary Expenses			35,315				93,611
Ordinary Profits			368,583				598,973
Extraordinary Gains			12,406				735
Extraordinary Losses			2,394				6,794
Profit before Income Taxes			378,595				592,913
Income Taxes:
Current			102,338				146,412
Deferred			(15,403	)			21,999
Total Income Taxes			86,934				168,411
Profit			291,660				424,502
Profit Attributable to Non-controlling Interests			1,139				1,593
Profit Attributable to Owners of Parent		¥	290,521			¥	422,909

1-5

Mizuho Financial Group, Inc.

Consolidated Statements of Comprehensive Income

		(Millions of yen)
		For the three months ended June 30, 2025				For the three months ended June 30, 2026
Profit		¥	291,660			¥	424,502
Other Comprehensive Income (Loss)			37,052				(10,700	)
Net Unrealized Gains (Losses) on Other Securities			109,658				(6,375	)
Deferred Gains (Losses) on Hedges			26,750				(62,254	)
Foreign Currency Translation Adjustments			(83,011	)			62,961
Remeasurements of Defined Benefit Plans			(3,823	)			(7,284	)
Own Credit Risk Adjustments, Net of Tax			(347	)			258
Share of Other Comprehensive Income of Associates Accounted for Using Equity Method			(12,176	)			1,994
Comprehensive Income			328,712				413,801
(Breakdown)
Comprehensive Income Attributable to Owners of Parent			327,902				412,096
Comprehensive Income Attributable to Non-controlling Interests			810				1,705

1-6

Mizuho Financial Group, Inc.

(3) Notes regarding Consolidated Financial Statements

(The Framework for Financial Reporting applied to Quarterly Consolidated Financial Statements)

The quarterly consolidated financial statements, that is, the quarterly consolidated balance sheet, the quarterly consolidated statement of income, the quarterly consolidated statement of comprehensive income, and these notes, have been prepared in accordance with Article 4, Paragraph 1 of the Tokyo Stock Exchange, Inc.’s Standards for the Preparation of Quarterly Financial Statements (the Standards) and accounting principles generally accepted in Japan for interim consolidated financial statements. However, the omission of disclosures as prescribed in Article 4, Paragraph 2 of the Standards applies.

(Matters Related to the Assumption of Going Concern)

There is no applicable information.

(Significant Changes in the Amount of Shareholders’ Equity)

There is no applicable information.

(Business Segments Information)

1.  Summary of reportable segments

MHFG has introduced an in-house company system based on the group’s diverse customer segments. The aim of this system is to leverage MHFG’s strengths and competitive advantage, which is the seamless integration of MHFG’s banking, trust and securities functions under a holding company structure, to speedily provide high-quality financial services that closely match customer needs.

Specifically, the company system is classified into the following five in-house companies, each based on a customer segment: the Retail & Business Banking Company (RBC), the Corporate & Investment Banking Company (CIBC), the Global Corporate & Investment Banking Company (GCIBC), the Global Markets Company (GMC), and the Asset Management Company (AMC).

The services that each in-house company is in charge of are as follows:

RBC:

Services for individual customers, small and medium-sized enterprises and middle market firms in Japan

CIBC:

Services for large corporations, financial institutions and public corporations in Japan

GCIBC:

Services for Japanese overseas affiliated corporate customers and non-Japanese corporate customers, etc.

GMC:

Investment services with respect to interest rates, equities and credits, etc. and other services

AMC:

Development of products and provision of services that match the asset management needs of its wide range of customers from individuals to institutional investors

The reportable segments information, set forth below, is derived from the internal management reporting systems used by management to measure the performance of the Group’s operating segments. Management measures the performance of each of the operating segments in accordance with internal managerial accounting rules and practices.

1-7

Mizuho Financial Group, Inc.

2.  Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others, and Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others by reportable segment

For the three months ended June 30, 2025

																						(Millions of yen)
		MHFG (Consolidated)
		RBC				CIBC				GCIBC				GMC				AMC				Others (Note 2)
Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others			214,140				154,106				229,770				174,619				17,465				(20,997	)			769,102
General and Administrative Expenses (excluding Non-Recurring Losses and others)			174,257				58,734				127,416				101,161				11,699				(12,984	)			460,282
Equity in Income from Investments in Affiliates			(2,049	)			3,578				7,092				—				138				1,875				10,634
Amortization of Goodwill and others			1				206				1,354				—				1,431				(0	)			2,991
Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others			37,833				98,744				108,092				73,458				4,473				(6,137	)			316,462

Notes:  1.  Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others is reported instead of sales reported by general corporations. Net Gains (Losses) related to ETFs and others amounted to ¥4,385 million, of which ¥3,210 million is included in the GMC.

 2. “Others” includes items which should be eliminated as internal transactions between each segment on a consolidated basis.

 3. Income and expenses of foreign branches of MHBK and foreign subsidiaries with functional currencies other than Japanese Yen have been translated for purposes of segment reporting using the budgeted foreign currency rates. Prior period comparative amounts for such foreign currency income and expenses have been translated using current period budgeted foreign currency rates and reclassification was made on the above table to reflect the relevant change.

 4. Following the change in the allocation method for General and Administrative Expenses made in April 2026, reclassification was made on the above table to reflect the relevant change.

For the three months ended June 30, 2026

																						(Millions of yen)
		MHFG (Consolidated)
		RBC				CIBC				GCIBC				GMC				AMC				Others (Note 2)
Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others			258,494				211,216				232,801				314,498				15,501				37,627				1,070,137
General and Administrative Expenses (excluding Non-Recurring Losses and others)			181,609				63,468				143,807				114,837				9,686				(2,397	)			511,009
Equity in Income from Investments in Affiliates			6,405				5,474				8,091				—				649				426				21,045
Amortization of Goodwill and others			1,071				206				1,604				—				1,332				153				4,366
Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others			82,219				153,016				95,481				199,661				5,132				40,298				575,807

Notes:  1. Gross Profits (excluding the amounts of credit costs of trust accounts) + Net Gains (Losses) related to ETFs and others is reported instead of sales reported by general corporations. Net Gains (Losses) related to ETFs and others amounted to ¥43,344 million, of which ¥42,904 million is included in the GMC.

 2. “Others” includes items which should be eliminated as internal transactions between each segment on a consolidated basis.

 3. Income and expenses of foreign branches of MHBK and foreign subsidiaries with functional currencies other than Japanese Yen have been translated for purposes of segment reporting using the budgeted foreign currency rates.

1-8

Mizuho Financial Group, Inc.

3. The difference between the total amounts of Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others of reportable segments and the recorded amounts in the Quarterly Consolidated Statement of Income, and the contents of the difference (Matters relating to adjustment to difference)

The above total amounts of Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others derived from internal management reporting are different from Profit before Income Taxes recorded in the Quarterly Consolidated Statement of Income.

The differences for the three months ended June 30, 2025 and 2026, are as follows:

		(Millions of yen)
		For the three months ended June 30, 2025				For the three months ended June 30, 2026
Net Business Profits (excluding the amounts of credit costs of trust accounts, before reversal of (provision for) general allowance for loan losses) + Net Gains (Losses) related to ETFs and others			316,462				575,807
General and Administrative Expenses (Non-Recurring Losses)			2,567				9,406
Expenses related to Portfolio Problems (including reversal of (provision for) general allowance for loan losses)			(17,504	)			(23,774	)
Gains on Reversal of Allowance for Loan Losses, and others			28,967				17,618
Net Gains (Losses) related to Stocks - Net Gains (Losses) related to ETFs and others			35,442				30,570
Net Extraordinary Gains (Losses)			10,011				(6,059	)
Others			2,647				(10,655	)
Profit before Income Taxes recorded in Quarterly Consolidated Statement of Income			378,595				592,913

(Consolidated Statement of Cash Flows)

We have not prepared Quarterly Consolidated Statement of Cash Flows for the three months ended June 30, 2026. Depreciation (including Amortization of Intangible Fixed Assets excluding Goodwill) and Amortization of Goodwill for the three months ended June 30, 2025 and 2026 are as follows:

		(Millions of yen)
		For the three months ended June 30, 2025				For the three months ended June 30, 2026
Depreciation			50,817				61,359
Amortization of Goodwill			1,802				2,907

1-9

SELECTED FINANCIAL INFORMATION

For the First Quarter of Fiscal 2026

(Under Japanese GAAP)

Mizuho Financial Group, Inc.

C O N T E N T S

Notes:

“CON”: Consolidated figures for Mizuho Financial Group, Inc. (“MHFG”)

“NON”: Non-consolidated figures for Mizuho Bank, Ltd. (“MHBK”) and Mizuho Trust & Banking Co., Ltd. (“MHTB”)

FINANCIAL INFORMATION FOR THE FIRST QUARTER OF FISCAL 2026		See above Notes				Page
1. Income Analysis		CON		NON			2-1
2. Net Gains/Losses on Stocks		CON		NON			2-3
3. Unrealized Gains/Losses on Securities		CON		NON			2-4
4. Status of Non Performing Loans based on the Banking Act (“BA”) and the Financial Reconstruction Act (“FRA”)		CON		NON			2-7
5. Status of Deposits and Loans		NON					2-11

Attachments		Page
Mizuho Bank, Ltd.
Comparison of Non-Consolidated Balance Sheets (selected items)			2-13
Comparison of Non-Consolidated Statements of Income (selected items)			2-14

This immediate release 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: impact of geopolitical disruptions; intensification of competition in the market for financial services; 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; impairment of the carrying value of our long-lived assets; problems related to our information technology systems, including as a result of cyber attacks; the effect of financial transactions entered into for hedging and other similar purposes; failure to maintain required capital adequacy ratio levels and meet other financial regulatory requirements; downgrades in our credit ratings; our ability to avoid reputational harm; our ability to implement our medium-term business plan, 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; changes to applicable laws and regulations; and the effects of climate change.

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.mizuhogroup.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.

Mizuho Financial Group, Inc.

FINANCIAL INFORMATION FOR THE FIRST QUARTER OF FISCAL 2026

1. Income Analysis

Consolidated

						(Billions of yen)
						First Quarter of     Fiscal 2026								First Quarter of  Fiscal 2025
										Change
Consolidated Gross Profits			1				1,026.7				262.0				764.7
Net Interest Income			2				364.1				62.6				301.4
Trust Fees			3				16.7				1.2				15.5
Credit Costs of Trust Accounts			4				—				—				—
Net Fee and Commission Income			5				266.4				46.6				219.7
Net Trading Income			6				276.6				91.4				185.1
Net Other Operating Income			7				102.7				59.9				42.7
General and Administrative Expenses			8				(505.9	)			(45.2	)			(460.7	)
Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses)			9				(23.7	)			(6.2	)			(17.5	)
Gains on Reversal of Allowance for Loan Losses, and others			10				17.6				(11.3	)			28.9
Net Gains (Losses) related to Stocks			11				73.9				34.0				39.8
Equity in Income from Investments in Affiliates			12				21.0				10.4				10.6
Other			13				(10.6	)			(13.3	)			2.6
Ordinary Profits			14				598.9				230.3				368.5
Net Extraordinary Gains (Losses)			15				(6.0	)			(16.0	)			10.0
Profit before Income Taxes			16				592.9				214.3				378.5
Income Taxes			17				(168.4	)			(81.4	)			(86.9	)
Profit			18				424.5				132.8				291.6
Profit Attributable to Non-controlling Interests			19				(1.5	)			(0.4	)			(1.1	)
Profit Attributable to Owners of Parent			20				422.9				132.3				290.5
Credit-related Costs (including Credit Costs for Trust Accounts)			21				(6.1	)			(17.6	)			11.4
Credit-related Costs [21]  =    Expenses related to Portfolio Problems (including Reversal of (Provision for) General Allowance for Loan Losses) [9] + Gains on Reversal of Allowance for Loan Losses, and others [10] + Credit Costs for Trust Accounts [4]
(Reference)
Consolidated Net Business Profits			22				532.4				220.3				312.0
Consolidated Net Business Profits [22] =   Consolidated Gross Profits [1] - General and Administrative Expenses (excluding Non-Recurring Losses) + Equity in Income from Investments in Affiliates and certain other consolidation adjustments
Number of consolidated subsidiaries			23				270				31				239
Number of affiliates under the equity method			24				25				(2	)			27

2-1

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregate Figures for the 2 Banks

						(Billions of yen)
						First Quarter of Fiscal 2026																First Quarter of Fiscal 2025
						MHBK				MHTB				Aggregate Figures				Change
Gross Profits			1				862.0				31.7				893.7				428.6				465.0
Net Interest Income			2				609.8				5.5				615.3				307.0				308.3
Trust Fees			3								16.9				16.9				1.3				15.5
Trust Fees for Jointly Operated Designated Money Trust			4								0.5				0.5				(0.3	)			0.8
Credit Costs of Trust Accounts			5								—				—				—				—
Net Fee and Commission Income			6				118.6				9.0				127.6				27.1				100.5
Net Trading Income			7				62.4								62.4				24.6				37.7
Net Other Operating Income			8				71.1				0.1				71.3				68.5				2.7
General and Administrative Expenses  (excluding Non-Recurring Losses)			9				(253.2	)			(20.4	)			(273.7	)			(24.6	)			(249.0	)
Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) (1)			10				608.8				11.2				620.0				404.0				216.0
Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas (2)			11				573.4				11.0				584.4				364.2				220.2
Excluding Net Gains (Losses) from redemption of Investment Trusts			12				548.2				11.0				559.2				349.1				210.1
Reversal of (Provision for) General Allowance for Loan Losses			13				—				—				—				—				—
Net Business Profits			14				608.8				11.2				620.0				404.0				216.0
Net Gains (Losses) related to Bonds			15				35.3				0.1				35.5				39.8				(4.2	)
Net Non-Recurring Gains (Losses)			16				64.6				4.6				69.2				24.0				45.1
Net Gains (Losses) related to Stocks			17				69.8				2.5				72.4				31.2				41.1
Expenses related to Portfolio Problems			18				(22.5	)			—				(22.5	)			(5.4	)			(17.1	)
Gains on Reversal of Allowance for Loan Losses, and others			19				16.4				0.6				17.1				(7.8	)			24.9
Other			20				0.9				1.3				2.2				6.0				(3.7	)
Ordinary Profits			21				673.4				15.8				689.3				428.0				261.2
Net Extraordinary Gains (Losses)			22				6.1				(0.0	)			6.0				(4.2	)			10.3
Profit before Income Taxes			23				679.5				15.7				695.3				423.8				271.5
Income Taxes			24				(119.9	)			(4.7	)			(124.7	)			(53.4	)			(71.2	)
Profit			25				559.6				11.0				570.6				370.3				200.2
(1)  Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) for MHTB excludes the amounts of “Credit Costs of Trust Accounts” [5]. (2)  Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses) from core business areas[11] =Net Business Profits (before Reversal of (Provision for) General Allowance for Loan Losses)[10]-Net Gains (Losses) related to Bonds[15]
Credit-related Costs			26				(6.1	)			0.6				(5.4	)			(13.2	)			7.8
Credit-related Costs [26] =   Expenses related to Portfolio Problems [18] + Reversal of (Provision for) General Allowance for Loan Losses [13] + Gains on Reversal of Allowance for Loan Losses, and others [19] + Credit Costs of Trust Accounts [5]
Reference: Breakdown of Credit-related Costs
Credit Costs of Trust Accounts			27								—				—				—				—
Reversal of (Provision for) General Allowance for Loan Losses			28				1.8				0.6				2.5				(2.9	)			5.4
Losses on Write-offs of Loans			29				(13.5	)			—				(13.5	)			(2.4	)			(11.1	)
Reversal of (Provision for) Specific Allowance for Loan Losses			30				10.8				0.0				10.8				15.0				(4.2	)
Reversal of (Provision for) Allowance for Loan Losses to Restructuring Countries			31				0.1				—				0.1				(22.7	)			22.8
Reversal of (Provision for) Reserve for Contingencies			32				(4.3	)			—				(4.3	)			0.4				(4.8	)
Other (including Losses on Sales of Loans)			33				(1.0	)			—				(1.0	)			(0.6	)			(0.3	)
Total			34				(6.1	)			0.6				(5.4	)			(13.2	)			7.8

2-2

Mizuho Financial Group, Inc.

2. Net Gains/Losses on Stocks

Consolidated

		(Billions of yen)
		First Quarter of Fiscal 2026				Change				First Quarter of Fiscal 2025
Net Gains (Losses) related to Stocks			73.9				34.0				39.8
Gains on Sales			126.7				73.3				53.4
Losses on Sales			(52.4	)			(48.0	)			(4.3	)
Impairment (Devaluation)			(1.5	)			1.6				(3.2	)
Reversal of (Provision for) Allowance for Investment Losses			—				(0.0	)			0.0
Gains (Losses) on Derivatives other than for Trading			1.1				7.1				(5.9	)
Non-Consolidated
Aggregate Figures for the 2 Banks
		First Quarter of Fiscal 2026				Change				First Quarter of Fiscal 2025
Net Gains (Losses) related to Stocks			72.4				31.2				41.1
Gains on Sales			122.2				72.5				49.7
Losses on Sales			(50.7	)			(48.4	)			(2.3	)
Impairment (Devaluation)			(0.2	)			0.0				(0.2	)
Reversal of (Provision for) Allowance for Investment Losses			—				(0.0	)			0.0
Gains (Losses) on Derivatives other than for Trading			1.1				7.1				(5.9	)
Mizuho Bank
		First Quarter of Fiscal 2026				Change				First Quarter of Fiscal 2025
Net Gains (Losses) related to Stocks			69.8				31.3				38.5
Gains on Sales			119.5				72.6				46.9
Losses on Sales			(50.6	)			(48.4	)			(2.2	)
Impairment (Devaluation)			(0.2	)			(0.0	)			(0.1	)
Reversal of (Provision for) Allowance for Investment Losses			—				(0.0	)			0.0
Gains (Losses) on Derivatives other than for Trading			1.1				7.1				(5.9	)
Mizuho Trust & Banking
		First Quarter of Fiscal 2026				Change				First Quarter of Fiscal 2025
Net Gains (Losses) related to Stocks			2.5				(0.0	)			2.6
Gains on Sales			2.6				(0.0	)			2.7
Losses on Sales			(0.1	)			(0.0	)			(0.1	)
Impairment (Devaluation)			—				0.0				(0.0	)
Reversal of (Provision for) Allowance for Investment Losses			—				—				—
Gains (Losses) on Derivatives other than for Trading			—				—				—

2-3

Mizuho Financial Group, Inc.

3. Unrealized Gains/Losses on Securities

• Stocks and others without a quoted market price and Investments in Partnerships are excluded.

Consolidated

(1) Other Securities

		(Billions of yen)
		As of June 30, 2026																As of March 31, 2026
		Book Value  (=Fair Value)				Unrealized Gains/Losses												Book Value  (=Fair Value)				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses
MHFG (Consolidated)
Other Securities			42,832.6				1,875.6				2,467.9				592.2				35,809.1				1,878.5				2,406.2				527.6
Japanese Stocks			3,078.0				2,390.5				2,391.6				1.0				3,021.5				2,323.1				2,324.4				1.2
Japanese Bonds			22,386.8				(142.6	)			8.3				151.0				16,783.3				(138.5	)			7.1				145.6
Japanese Government Bonds			20,595.5				(56.3	)			2.1				58.5				14,924.9				(58.7	)			0.3				59.0
Other			17,367.6				(372.2	)			67.9				440.1				16,004.2				(306.1	)			74.6				380.7
Foreign Bonds			14,068.3				(363.8	)			10.2				374.1				12,846.7				(321.1	)			14.0				335.2

* In addition to “Securities” on the consolidated balance sheets, NCDs in “Cash and Due from Banks,” certain items in “Monetary Claims Bought” and certain items in “Other Assets” are also included.

* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment as of June 30, 2026 and March 31, 2026 are ¥(22.5) billion (Foreign Bonds ¥(23.6) billion and Japanese Government Bonds ¥3.7 billion) and ¥(27.9) billion (Foreign Bonds ¥(33.7) billion and Japanese Government Bonds ¥4.7 billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments as of June 30, 2026 and March 31, 2026 are ¥1,853.0 billion (Foreign Bonds ¥(387.5) billion and Japanese Government Bonds ¥(52.5) billion) and ¥1,850.5 billion (Foreign Bonds ¥(354.8) billion and Japanese Government Bonds ¥(53.9) billion), respectively.

* Unrealized Gains/Losses on Other Securities as of June 30, 2026 and March 31, 2026 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax and consolidation adjustments, excluding the amount recognized in the consolidated balance sheet by applying the fair-value hedge accounting and others.

(2) Bonds Held to Maturity

		(Billions of yen)
		As of June 30, 2026																As of March 31, 2026
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses
MHFG (Consolidated)			5,080.1				(148.2)				34.4				182.6				4,849.4				(138.3)				36.8				175.1

2-4

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregate Figures for the 2 Banks

(1) Other Securities

		(Billions of yen)
		As of June 30, 2026																As of March 31, 2026
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
		(=Fair Value)								Gains				Losses				(=Fair Value)								Gains				Losses
MHBK
Other Securities			41,399.3				1,678.4				2,268.1				589.7				34,412.2				1,684.7				2,210.5				525.8
Japanese Stocks			2,836.6				2,193.2				2,194.2				0.9				2,782.6				2,129.9				2,130.9				1.0
Japanese Bonds			22,128.3				(142.1	)			8.3				150.4				16,599.5				(137.9	)			7.0				144.9
Japanese Government Bonds			20,417.6				(56.3	)			2.1				58.5				14,821.9				(58.6	)			0.3				59.0
Other			16,434.3				(372.7	)			65.6				438.3				15,030.0				(307.2	)			72.5				379.7
Foreign Bonds			13,360.6				(365.1	)			8.5				373.6				12,106.8				(322.2	)			12.6				334.9
MHTB
Other Securities			350.4				110.8				111.6				0.7				282.1				110.3				111.2				0.9
Japanese Stocks			142.1				111.4				111.5				0.1				142.7				110.9				111.1				0.2
Japanese Bonds			204.6				(0.4	)			0.0				0.4				135.5				(0.5	)			0.0				0.6
Japanese Government Bonds			174.7				(0.0	)			—				0.0				99.8				(0.0	)			—				0.0
Other			3.5				(0.1	)			0.0				0.1				3.7				(0.0	)			0.0				0.0
Foreign Bonds			—				—				—				—				—				—				—				—
Total
Other Securities			41,749.7				1,789.3				2,379.8				590.5				34,694.3				1,795.1				2,321.8				526.7
Japanese Stocks			2,978.7				2,304.6				2,305.8				1.1				2,925.4				2,240.9				2,242.1				1.2
Japanese Bonds			22,333.0				(142.5	)			8.3				150.8				16,735.0				(138.5	)			7.1				145.6
Japanese Government Bonds			20,592.4				(56.3	)			2.1				58.5				14,921.7				(58.7	)			0.3				59.0
Other			16,437.9				(372.8	)			65.6				438.5				15,033.8				(307.2	)			72.5				379.8
Foreign Bonds			13,360.6				(365.1	)			8.5				373.6				12,106.8				(322.2	)			12.6				334.9

* In addition to “Securities” on the balance sheets, NCDs in “Cash and Due from Banks” and certain items in “Monetary Claims Bought” are also included.

* Other Securities mainly including Foreign Bonds are hedged by using derivative instruments, which apply the deferred method of hedge accounting. Deferred Hedge Gains/Losses before tax adjustment (aggregate figures for the 2 banks) as of June 30, 2026 and March 31, 2026 are ¥(22.5) billion (Foreign Bonds ¥(23.6) billion and Japanese Government Bonds ¥3.7 billion) and ¥(27.9) billion (Foreign Bonds ¥(33.7) billion and Japanese Government Bonds ¥4.7 billion), respectively. Unrealized Gains/Losses applying deferred hedging accounting among hedging instruments (aggregate figures for the 2 banks) as of June 30, 2026 and March 31, 2026 are ¥1,766.7 billion (Foreign Bonds ¥(388.7) billion and Japanese Government Bonds ¥(52.5) billion) and ¥1,767.1 billion (Foreign Bonds ¥(356.0) billion and Japanese Government Bonds ¥(53.9) billion), respectively.

* Unrealized Gains/Losses on Other Securities as of June 30, 2026 and March 31, 2026 include translation differences and others regarding stocks and others without a quoted market price and Investments in Partnerships, and are recorded directly to Net Assets after tax adjustment, excluding the amount recognized in the balance sheet by applying the fair-value hedge accounting and others.

2-5

Mizuho Financial Group, Inc.

(2) Bonds Held to Maturity

		(Billions of yen)
		As of June 30, 2026																As of March 31, 2026
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses
MHBK			5,080.1				(148.2	)			34.4				182.6				4,849.4				(138.3	)			36.8				175.1
MHTB			—				—				—				—				—				—				—				—
Total			5,080.1				(148.2	)			34.4				182.6				4,849.4				(138.3	)			36.8				175.1
(3) Investments in Subsidiaries and Affiliates
		(Billions of yen)
		As of June 30, 2026																As of March 31, 2026
		Book Value				Unrealized Gains/Losses												Book Value				Unrealized Gains/Losses
										Gains				Losses												Gains				Losses
MHBK			88.4				444.0				444.0				—				106.1				418.4				418.4				—
MHTB			—				—				—				—				—				—				—				—
Total			88.4				444.0				444.0				—				106.1				418.4				418.4				—

(Reference)

Unrealized Gains/Losses on Other Securities

(the base amount to be recorded directly to Net Assets after necessary adjustments)

For certain Other Securities, Unrealized Gains/Losses were recognized in the statement of income by applying the fair-value hedge accounting and others.

Unrealized Gains/Losses on Other Securities after excluding such Income/Loss (the “base amount”) are recorded directly to Net Assets after necessary adjustments.

The base amounts are as follows:

Consolidated

		(Billions of yen)
		As of June 30, 2026								As of March 31, 2026
		Unrealized Gains/Losses								Unrealized Gains/ Losses
						Change
Other Securities			1,845.1				(1.8)				1,847.0
Japanese Stocks			2,359.6				68.0				2,291.5
Japanese Bonds			(142.6	)			(4.1	)			(138.5	)
Japanese Government Bonds			(56.3	)			2.3				(58.7	)
Other			(371.7	)			(65.7)				(306.0	)
Foreign Bonds			(363.4	)			(42.3	)			(321.0	)
Non-Consolidated
Aggregate Figures for the 2 Banks
		(Billions of yen)
		As of June 30, 2026								As of March 31, 2026
		Unrealized Gains/Losses								Unrealized Gains/ Losses
						Change
Other Securities			1,758.3				(5.9	)			1,764.3
Japanese Stocks			2,273.7				63.6				2,210.0
Japanese Bonds			(142.5	)			(4.0	)			(138.5	)
Japanese Government Bonds			(56.3	)			2.3				(58.7	)
Other			(372.8	)			(65.6	)			(307.2	)
Foreign Bonds			(365.1	)			(42.8	)			(322.2	)

2-6

Mizuho Financial Group, Inc.

4. Status of Non Performing Loans based on the Banking Act (“BA”) and the Financial Reconstruction Act (“FRA”)

Consolidated

		(Billions of yen)
		As of June 30, 2026								As of March 31, 2026
						Change
Claims against Bankrupt and Substantially Bankrupt Obligors			19.7				(15.4	)			35.2
Claims with Collection Risk			423.9				(50.9	)			474.9
Claims for Special Attention			398.9				(10.9	)			409.9
Loans Past Due for 3 Months or More			0.6				(3.3	)			3.9
Restructured Loans			398.3				(7.6	)			406.0
Sub-total[1]			842.6				(77.4	)			920.0
Normal Claims			118,255.3				4,376.0				113,879.3
Total[2]			119,098.0				4,298.6				114,799.3
Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs			344.6				12.5				332.0
		(%)
NPL ratio[1]/[2]			0.70				(0.09	)			0.80
Trust Account
		(Billions of yen)
		As of June 30, 2026								As of March 31, 2026
						Change
Claims against Bankrupt and Substantially Bankrupt Obligors			—				—				—
Claims with Collection Risk			—				—				—
Claims for Special Attention			—				—				—
Loans Past Due for 3 Months or More			—				—				—
Restructured Loans			—				—				—
Sub-total[3]			—				—				—
Normal Claims			0.9				(0.0	)			1.0
Total[4]			0.9				(0.0	)			1.0
		(%)
NPL ratio[3]/[4]			—				—				—

2-7

Mizuho Financial Group, Inc.

Consolidated + Trust Account

		(Billions of yen)
		As of June 30, 2026								As of March 31, 2026
						Change
Claims against Bankrupt and Substantially Bankrupt Obligors			19.7				(15.4	)			35.2
Claims with Collection Risk			423.9				(50.9	)			474.9
Claims for Special Attention			398.9				(10.9	)			409.9
Loans Past Due for 3 Months or More			0.6				(3.3	)			3.9
Restructured Loans			398.3				(7.6	)			406.0
Sub-total[5]			842.6				(77.4	)			920.0
Normal Claims			118,256.3				4,376.0				113,880.3
Total[6]			119,098.9				4,298.6				114,800.3
Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs			344.6				12.5				332.0
		(%)
NPL ratio[5]/[6]			0.70				(0.09	)			0.80

Trust account represents trust accounts with contracts indemnifying the principal amounts.

2-8

Mizuho Financial Group, Inc.

Non-Consolidated

Aggregate Figures for the 2 Banks

(Banking Account + Trust Account)

		(Billions of yen)
		As of June 30, 2026								As of March 31, 2026
						Change
Claims against Bankrupt and Substantially Bankrupt Obligors			16.3				(15.6	)			31.9
Claims with Collection Risk			412.4				(50.6	)			463.0
Claims for Special Attention			384.9				(12.1	)			397.0
Loans Past Due for 3 Months or More			0.6				(3.3	)			3.9
Restructured Loans			384.3				(8.8	)			393.1
Sub-total[1]			813.7				(78.3	)			892.1
Normal Claims			120,566.5				4,442.5				116,124.0
Total[2]			121,380.2				4,364.1				117,016.1
Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs			341.5				12.3				329.2
		(%)
NPL ratio[1]/[2]			0.67				(0.09	)			0.76
Mizuho Bank
		(Billions of yen)
Claims against Bankrupt and Substantially Bankrupt Obligors			16.3				(15.5	)			31.9
Claims with Collection Risk			409.2				(50.0	)			459.2
Claims for Special Attention			382.0				(12.3	)			394.4
Loans Past Due for 3 Months or More			0.6				(3.3	)			3.9
Restructured Loans			381.4				(9.0	)			390.5
Sub-total[3]			807.6				(77.9	)			885.6
Normal Claims			118,337.5				4,533.8				113,803.6
Total[4]			119,145.1				4,455.8				114,689.3
Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs			341.2				12.3				328.9
		(%)
NPL ratio[3]/[4]			0.67				(0.09	)			0.77

2-9

Mizuho Financial Group, Inc.

Mizuho Trust & Banking

(Banking Account)

		(Billions of yen)
Claims against Bankrupt and Substantially Bankrupt Obligors			0.0				(0.0	)			0.0
Claims with Collection Risk			3.1				(0.6	)			3.8
Claims for Special Attention			2.8				0.2				2.5
Loans Past Due for 3 Months or More			—				—				—
Restructured Loans			2.8				0.2				2.5
Sub-total[5]			6.0				(0.4	)			6.4
Normal Claims			2,228.1				(91.2	)			2,319.3
Total[6]			2,234.1				(91.6	)			2,325.8
Above figures are presented net of partial direct write-offs, the amounts of which are indicated in the table below.
Amount of Partial Direct Write-offs			0.2				—				0.2
		(%)
NPL ratio[5]/[6]			0.27				(0.00	)			0.27
(Trust Account)
		(Billions of yen)
Claims against Bankrupt and Substantially Bankrupt Obligors			—				—				—
Claims with Collection Risk			—				—				—
Claims for Special Attention			—				—				—
Loans Past Due for 3 Months or More			—				—				—
Restructured Loans			—				—				—
Sub-total[7]			—				—				—
Normal Claims			0.9				(0.0	)			1.0
Total[8]			0.9				(0.0	)			1.0
		(%)
NPL ratio[7]/[8]			—				—				—

Trust account represents trust accounts with contracts indemnifying the principal amounts.

2-10

Mizuho Financial Group, Inc.

5. Status of Deposits and Loans

Non-Consolidated

(1)-1 Deposits

Aggregate Figures for the 2 Banks

		(Billions of yen)
		As of June 30, 2026								As of March 31, 2026
						Change
MHBK			160,251.2				(349.3	)			160,600.6
MHTB			1,303.3				(60.2	)			1,363.5
Total			161,554.5				(409.5	)			161,964.1

(1)-2 Domestic Deposits

Aggregate Figures for the 2 Banks

		(Billions of yen)
		As of June 30, 2026								As of March 31, 2026
						Change
MHBK			123,336.4				(1,800.4	)			125,136.8
Individual deposits			48,984.3				413.3				48,570.9
MHTB			1,303.3				(60.2	)			1,363.5
Individual deposits			654.0				3.2				650.7
Total			124,639.7				(1,860.6	)			126,500.4
Individual deposits			49,638.4				416.6				49,221.7

Note: Above figures do not include deposits booked at overseas offices and offshore deposits.

(2) Loans and Bills Discounted

Aggregate Figures for the 2 Banks

		(Billions of yen)
		As of June 30, 2026								As of March 31, 2026
						Change
MHBK			100,755.3				3,129.5				97,625.7
MHTB			2,216.5				(91.2	)			2,307.7
Total			102,971.8				3,038.2				99,933.5

Note: Loans to MHFG are included as follows:

As of June 30, 2026:  ¥530.0 billion (from MHBK)

As of March 31, 2026:  ¥815.0 billion (from MHBK)

2-11

Mizuho Financial Group, Inc.

(3) Interest Margins (Domestic Operations)

Mizuho Bank

								(%)
				First Quarter of Fiscal 2026 (For the three months)		Change		First Quarter of Fiscal 2025 (For the three months)
Return on Loans and Bills Discounted		1		1.60		0.38		1.21
Cost of Deposits		2		0.32		0.15		0.17
Loan and Deposit Rate Margin [1]-[2]		3		1.27		0.23		1.04
Notes:    1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).      2. Deposits include NCDs.
(Reference) After excluding Loans to the Japanese government and others
Return on Loans and Bills Discounted		4		1.60		0.34		1.25
Loan and Deposit Rate Margin [4]-[2]		5		1.27		0.19		1.08
Mizuho Trust & Banking
				(%)
				First Quarter of Fiscal 2026 (For the three months)		Change		First Quarter of Fiscal 2025 (For the three months)
Return on Loans and Bills Discounted		6		1.31		0.29		1.02
Cost of Deposits		7		0.36		0.14		0.21
Loan and Deposit Rate Margin [6]-[7]		8		0.94		0.14		0.80
Notes:    1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).      2. Deposits include NCDs.
(Reference) After excluding Loans to the Japanese government and others
Return on Loans and Bills Discounted		9		1.31		0.29		1.02
Loan and Deposit Rate Margin [9]-[7]		10		0.94		0.14		0.80
(Reference)
Aggregate Figures for the 2 Banks
				(%)
				First Quarter of Fiscal 2026 (For the three months)		Change		First Quarter of Fiscal 2025 (For the three months)
Return on Loans and Bills Discounted		11		1.59		0.38		1.20
Cost of Deposits		12		0.32		0.15		0.17
Loan and Deposit Rate Margin [11]-[12]		13		1.26		0.22		1.03
Notes:    1. Return on Loans and Bills Discounted excludes loans to financial institutions (including MHFG).      2. Deposits include NCDs.
(Reference) After excluding Loans to the Japanese government and others
Return on Loans and Bills Discounted		14		1.59		0.34		1.24
Loan and Deposit Rate Margin [14]-[12]		15		1.26		0.19		1.07

2-12

Mizuho Financial Group, Inc.

(Attachments)

COMPARISON OF NON-CONSOLIDATED BALANCE SHEETS (selected items)

OF MIZUHO BANK

		(Millions of yen)
		As of June 30, 2026 (A)				As of March 31, 2026 (B)				Change (A) - (B)
Assets
Cash and Due from Banks		¥	50,164,220			¥	59,080,362			¥	(8,916,142	)
Call Loans			466,694				678,825				(212,130	)
Receivables under Resale Agreements			4,382,390				9,218,778				(4,836,388	)
Guarantee Deposits Paid under Securities Borrowing Transactions			138,964				137,402				1,561
Monetary Claims Bought			566,327				576,260				(9,933	)
Trading Assets			10,844,460				9,766,056				1,078,404
Money Held in Trust			500				500				—
Securities			49,876,322				42,655,427				7,220,894
Loans and Bills Discounted			100,755,326				97,625,798				3,129,528
Foreign Exchanges			3,115,579				2,610,072				505,507
Derivatives other than for Trading Assets			8,572,987				8,290,290				282,697
Other Assets			4,856,488				5,822,896				(966,407	)
Tangible Fixed Assets			859,254				861,568				(2,313	)
Intangible Fixed Assets			566,834				546,405				20,428
Prepaid Pension Cost			315,712				252,806				62,905
Deferred Tax Assets			328,242				306,924				21,317
Customers’ Liabilities for Acceptances and Guarantees			14,309,491				13,442,049				867,442
Allowance for Loan Losses			(569,184	)			(609,891	)			40,706
Total Assets		¥	249,550,613			¥	251,262,535			¥	(1,711,921	)
Liabilities
Deposits		¥	160,251,278			¥	160,600,608			¥	(349,330	)
Negotiable Certificates of Deposit			10,428,086				12,064,547				(1,636,461	)
Call Money			1,964,999				2,568,699				(603,699	)
Payables under Repurchase Agreements			14,090,601				14,165,093				(74,491	)
Guarantee Deposits Received under Securities Lending Transactions			94,264				292,689				(198,424	)
Commercial Paper			1,561,613				1,921,799				(360,186	)
Trading Liabilities			7,740,763				7,402,184				338,578
Borrowed Money			14,716,147				15,668,322				(952,174	)
Foreign Exchanges			1,005,523				1,352,174				(346,650	)
Bonds and Notes			2,039,744				801,202				1,238,541
Derivatives other than for Trading Liabilities			10,173,964				9,784,858				389,106
Other Liabilities			3,977,452				3,938,509				38,943
Reserve for Bonus Payments			21,474				64,900				(43,426	)
Reserve for Variable Compensation			1,203				883				319
Reserve for Possible Losses on Sales of Loans			11,896				6,707				5,189
Reserve for Contingencies			11,570				7,122				4,447
Reserve for Reimbursement of Deposits			4,371				4,850				(479	)
Reserve for Reimbursement of Debentures			4,368				6,850				(2,481	)
Deferred Tax Liabilities for Revaluation Reserve for Land			44,926				45,074				(148	)
Acceptances and Guarantees			14,309,491				13,442,049				867,442
Total Liabilities			242,453,742				244,139,128				(1,685,386	)
Net Assets
Common Stock and Preferred Stock			1,404,065				1,404,065				—
Capital Surplus			2,265,741				2,259,392				6,348
Capital Reserve			660,805				660,805				—
Other Capital Surplus			1,604,935				1,598,587				6,348
Retained Earnings			3,079,481				3,042,389				37,092
Appropriated Reserve			844,538				724,535				120,002
Other Retained Earnings			2,234,942				2,317,853				(82,910	)
Retained Earnings Brought Forward			2,234,942				2,317,853				(82,910	)
Total Shareholders’ Equity			6,749,287				6,705,847				43,440
Net Unrealized Gains (Losses) on Other Securities, net of Taxes			1,179,095				1,186,487				(7,392	)
Net Deferred Hedge Gains (Losses), net of Taxes			(925,562	)			(863,301	)			(62,260	)
Revaluation Reserve for Land, net of Taxes			94,050				94,373				(322	)
Total Valuation and Translation Adjustments			347,583				417,559				(69,975	)
Total Net Assets			7,096,871				7,123,406				(26,535	)
Total Liabilities and Net Assets		¥	249,550,613			¥	251,262,535			¥	(1,711,921	)

2-13

Mizuho Financial Group, Inc.

COMPARISON OF NON-CONSOLIDATED STATEMENTS OF INCOME (selected items)

OF MIZUHO BANK

		(Millions of yen)
		For the three months ended June 30, 2026 (A)				For the three months ended June 30, 2025 (B)				Change (A) - (B)
Ordinary Income		¥	1,960,525			¥	1,484,954			¥	475,571
Interest Income			1,459,728				1,164,027				295,701
Interest on Loans and Bills Discounted			701,094				605,096				95,998
Interest and Dividends on Securities			481,577				192,893				288,684
Fee and Commission Income			208,424				162,276				46,147
Trading Income			63,574				38,591				24,983
Other Operating Income			86,559				43,190				43,369
Other Ordinary Income			142,238				76,868				65,369
Ordinary Expenses			1,287,072				1,239,160				47,912
Interest Expenses			849,888				863,372				(13,484	)
Interest on Deposits			418,669				368,471				50,197
Fee and Commission Expenses			89,821				69,607				20,214
Trading Expenses			1,143				834				308
Other Operating Expenses			15,375				40,677				(25,301	)
General and Administrative Expenses			244,687				225,512				19,175
Other Ordinary Expenses			86,156				39,155				47,001
Ordinary Profits			673,452				245,793				427,658
Extraordinary Gains			9,574				11,395				(1,820	)
Extraordinary Losses			3,440				1,969				1,471
Profit before Income Taxes			679,586				255,220				424,366
Income Taxes:
Current			121,682				90,026				31,656
Deferred			(1,721	)			(22,096	)			20,374
Profit		¥	559,625			¥	187,290			¥	372,335

2-14