FY21 Q1 Financial Results
August 2021
Executive summary of financial results
(JPY B)
Net Business Profits +
Net Gains (Losses) related to ETFs and others 1
Net Business Profits
Credit-related Costs
Net Gains (Losses) related to Stocks - Net Gains (Losses) related to ETFs and others1
Impairment loss on Stocks
Net Income
Attributable to FG
CET1 Capital Ratio
excl. Net Unrealized Gains (Losses) on Other Securities
FY21 Q1 | YoY | ||
Steady performance in Customer Groups was offset by decrease in | |||
206.8 | -13.4 | ||
Markets which had strong performance in the previous fiscal year. | |||
194.3 | -37.3 | Expenses remained almost flat YoY due to cost control measures. | |
The previous fiscal year's forward-looking financial management and | |||
2.6 | +41.6 | ||
the low level of new Credit-related Costs contributed to the recording | |||
of Gains on Reversal of Reserves for Possible Losses on Loans. | |||
+13.0 | |||
11.5 | Steadily reduced cross-shareholdings. | ||
-2.3 | -0.7 | Improved hedging price for bear funds. | |
In addition to the above, Net Income Attributable to FG significantly | |||
250.5 | +128.1 | increased YoY due to factors such as Gains on Cancellation of | |
Employee Retirement Benefit Trust, and special factors related to tax | |||
effect. | |||
Earnings from core operations built up, while RWA remained almost flat | |||
11.95 % | +0.32% | ||
YoY. A sufficient level of capital has been continuously maintained. | |||
10.84 % | +0.38% | CET1 capital ratio (Basel III finalization basis) steadily improved to | |
2 | |||
9.4%. |
1. JPY 12.4B (+JPY 23.8B YoY). 2. Excluding Net Unrealized Gains (Losses) on Other Securities.
1
Financial highlights
Consolidated Net Business Profits +
Net Gains (Losses) related to ETFs and others
Group aggregate | CET1 capital ratio (Basel III finalization basis)* |
Consolidated |
(JPY B) | |||||||||||||||||||
220.2 | 206.8 | ||||||||||||||||||
Markets | 116.5 | 68.3 | o/w Banking : | 15.9 | (-32.0) | 9.4% | |||||||||||||
Target level: | |||||||||||||||||||
o/w S&T | : | 51.0 | (-17.2) | ||||||||||||||||
(Jun-21) | |||||||||||||||||||
lower end of the 9-10% | |||||||||||||||||||
RBC | : | 6.7 | (+19.8) | range | |||||||||||||||
128.7 | CIC | : | 52.2 | (-8.4) | |||||||||||||||
Customer Groups | 103.7 | GCC | : | 65.2 | (+10.8) | 9.1% | |||||||||||||
AMC | : | 4.6 | (+2.9) | ||||||||||||||||
(Mar-21) | |||||||||||||||||||
9.0% | |||||||||||||||||||
FY20 Q1 | FY21 Q1 | ||||||||||||||||||
+1.2% | |||||||||||||||||||
Reference: COVID-19 related loans | Profit accumulation/ | Ensure | |||||||||||||||||
8.8% | RWA control | +0.7% | |||||||||||||||||
management accounting | capital buffer | ||||||||||||||||||
(JPY T) | Cancellation of | ||||||||||||||||||
5.2 | (Mar-20) | ||||||||||||||||||
5.1 | 5.1 | Employee Retirement | |||||||||||||||||
4.6 | Benefit Trust | +0.2% | |||||||||||||||||
1.4 | 1.1 | 1.0 | |||||||||||||||||
0.8 | 3.7 | ||||||||||||||||||
Outside | Bear fund effect | +0.3% | |||||||||||||||||
0.5 | Ensure stress | ||||||||||||||||||
Japan | |||||||||||||||||||
1.8 | 3.0 | 2.8 | 2.7 | 2.4 | 1.9 | CIC | resistance | ||||||||||||
1.7 | In Japan | ||||||||||||||||||
0.8 | 1.1 | 1.3 | 1.3 | 1.3 | RBC | 8.2% | |||||||||||||
0.1 | |||||||||||||||||||
(Mar-19) | |||||||||||||||||||
Mar-20Jun-20 | Sep-20 | Dec-20 | Mar-21 | Jun-21 | |||||||||||||||
* Excluding Net Unrealized Gains (Losses) on Other Securities.
2
Overview of Income Statement
(JPY B)
Consolidated Gross Profits | |
+ Net Gains (Losses) related to ETFs and others | * |
Consolidated Gross Profits | |
Net Interest Income | |
Net Fee and Commission Income + Fiduciary Income | |
Net Trading Income + Net Other Operating Income | |
o/w Net Gains (Losses) related to Bonds | |
General and Administrative Expenses | |
Consolidated Net Business Profits |
- Net Gains (Losses) related to ETFs and others* Consolidated Net Business Profits
Consolidated Net Business Profits | |
from core business operations (9-6) | |
Credit-related Costs | |
Net Gains (Losses) related to Stocks | * |
- Net Gains (Losses) related to ETFs and others | |
Net Gains (Losses) related to Stocks | |
Equity in Income from Investments in Affiliates | |
Other | |
Ordinary Profits | |
Net Extraordinary Gains (Losses) | |
Income before Income Taxes | |
Income Taxes | |
Profit Attributable to Non-controlling Interests | |
Profit Attributable to Ow ners of Parent | |
* FY20 Q1: JPY -11.4B, FY21 Q1: JPY 12.4B. |
FY20 Q1 | FY21 Q1 | YoY | FY21 Plan | Progress | |
1 | 558.0 | 539.5 | -18.5 | ||
2 | 569.5 | 527.1 | -42.4 | ||
3 | 215.1 | 222.8 | +7.7 | ||
4 | 170.1 | 172.4 | +2.3 | ||
5 | 184.3 | 131.8 | -52.4 | ||
6 | 40.9 | 6.9 | -34.0 | ||
7 | -340.4 | -335.3 | +5.1 | ||
8 | 220.2 | 206.8 | -13.4 | ||
790.0 | 26% | ||||
9 | 231.7 | 194.3 | -37.3 | ||
10 | 190.7 | 187.4 | -3.2 | ||
11 | -39.0 | 2.6 | +41.6 | ||
-100.0 | -3% | ||||
12 | -1.5 | 11.5 | +13.0 | 50.0 | 23% |
13 | -12.9 | 23.9 | +36.9 | ||
14 | 5.8 | 12.7 | +6.8 | ||
15 | -7.5 | -12.4 | -4.8 | ||
16 | 175.4 | 218.7 | +43.3 | ||
720.0 | 30% | ||||
17 | 0.6 | 27.4 | +26.7 | ||
18 | 176.0 | 246.1 | +70.0 | ||
19 | -53.5 | 6.7 | +60.2 | ||
20 | -0.1 | -2.3 | -2.1 | ||
21 | 122.3 | 250.5 | +128.1 | ||
510.0 | 49% | ||||
3
Financial Results by In-house Company | ||||||||||||||||
(JPY B) | Group aggregate | |||||||||||||||
Gross Profits 1 | G&A Expenses | Net Business Profits1 | Net Income 1 | ROE | ||||||||||||
(excl. Non-recurring Losses | ||||||||||||||||
and others) | ||||||||||||||||
FY21 Q1 | YoY 2 | FY21 Q1 | YoY 2 | FY21 Q1 | YoY2 | FY21 Q1 | YoY 2 | FY21 Q1 | ||||||||
Retail & Business Banking | 162.6 | +16.1 | -161.4 | -0.7 | 6.7 | +19.8 | -5.9 | +15.1 | -1.2% | |||||||
Corporate & Institutional | 102.0 | -10.6 | -51.0 | +2.4 | 52.2 | -8.4 | 79.6 | +43.9 | 8.7% | |||||||
Global Corporate | 123.4 | +8.9 | -62.9 | -0.0 | 65.2 | +10.8 | 47.5 | +18.6 | 8.0% | |||||||
Global Markets | 122.4 | -46.8 | -53.9 | -1.3 | 68.3 | -48.2 | 46.2 | -34.5 | 11.3% | |||||||
Asset Management | 14.3 | +2.8 | -8.2 | -0.3 | 4.6 | +2.9 | 2.2 | +1.4 | 8.2% | |||||||
FG Consolidated | 539.5 | -18.5 | -343.3 | -2.7 | 206.8 | -13.4 | 250.5 | +128.1 | 8.5% | |||||||
26% | ||||||||||||||||
49% | ||||||||||||||||
progress | ||||||||||||||||
1. Global Markets includes Net Gains (Losses) related to ETFs (2 Banks). 2. New management accounting rules were applied in FY21. Figures for FY20 were recalculated based on the new rules.
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Mizuho Financial Group Inc. published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 08:53:02 UTC.