FORM 6-K/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K/A

REPORT OF FOREIGN PRIVATE ISSUER

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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2012

Commission File Number 001-33098

Mizuho Financial Group, Inc.

(Translation of registrant’s name into English)

5-1, Marunouchi 2-chome

Chiyoda-ku, Tokyo 100-8333

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  x    Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ¨    No  x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-                    .

 

 

 

Information furnished on this form

EXHIBIT

 

Exhibit
Number

  

Description

1.   Corrections to “Status of Capital Adequacy” furnished on Form 6-K on July 30, 2012

Note

Mizuho Financial Group, Inc. (the “Company”) furnished Reports of Foreign Private Issuer on Form 6-K with the Securities and Exchange Commission regarding its Status of Capital Adequacy on July 30, 2012. The Company is furnishing this Form 6-K/A to make corrections on certain figures as shown in Exhibit 1 to this report.

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:   August 14, 2012
Mizuho Financial Group, Inc.
By:  

/s/ Hideyuki Takahashi

Name:   Hideyuki Takahashi
Title:   Managing Director / CFO

Exhibit 1

Corrections to “Status of Capital Adequacy” furnished on Form 6-K on July 30, 2012

Capital adequacy ratio highlights

¢ Capital adequacy ratio highlights

Page 2:

Mizuho Financial Group (Consolidated)

 

As of March 31, 2012

    <Before Correction>     <After Correction>  
     (Billions of yen)     (Billions of yen)  
    

Consolidated capital adequacy ratio (BIS standard)

      15.49 %      15.50 % 

Tier 1 capital ratio

      12.75 %      12.76 % 
  

 

 

    

 

 

  

Tier 1 capital

      6,397.8        6,398.9   

Tier 2 capital

      1,745.1        1,745.1   

Deductions for total risk-based capital

      370.0        368.9   
  

 

 

    

 

 

  

Total risk-based capital

      7,772.9        7,775.0   
  

 

 

    

 

 

  

Risk-weighted assets

      50,165.9        50,144.9   
  

 

 

    

 

 

  

 

Note: Corrections are underlined (hereinafter the same).

  

 

(Reference)

     

Mizuho Corporate Bank (Consolidated)

 

  

As of March 31, 2012

    <Before Correction>     <After Correction>  
     (Billions of yen)     (Billions of yen)  
    

Consolidated capital adequacy ratio (BIS standard)

      17.80 %      17.83 % 

Tier 1 capital ratio

      15.86 %      15.87 % 
  

 

 

    

 

 

  

Tier 1 capital

      4,430.8        4,430.8   

Tier 2 capital

      680.6        682.8   

Deductions for total risk-based capital

      137.2        137.2   
  

 

 

    

 

 

  

Total risk-based capital

      4,974.2        4,976.4   
  

 

 

    

 

 

  

Risk-weighted assets

      27,931.6        27,910.1   
  

 

 

    

 

 

  

 

Mizuho Corporate Bank (Non-consolidated)

 

     

As of March 31, 2012

    <Before Correction>     <After Correction>  
     (Billions of yen)     (Billions of yen)  

Non-consolidated capital adequacy ratio (BIS standard)

      20.15 %      20.19 % 

Tier 1 capital ratio

      16.32 %      16.34 % 
  

 

 

    

 

 

  

Tier 1 capital

      4,135.2        4,135.2   

Tier 2 capital

      1,011.2        1,013.5   

Deductions for total risk-based capital

      41.3        41.3   
  

 

 

    

 

 

  

Total risk-based capital

      5,105.1        5,107.4   
  

 

 

    

 

 

  

Risk-weighted assets

      25,327.3        25,296.0   
  

 

 

    

 

 

  

Status of Mizuho Financial Group’s consolidated capital adequacy

¢ Consolidated capital adequacy ratio

Page 6:

(2) Summary table of consolidated capital adequacy ratio (BIS Standard)

 

As of March 31, 2012

          <Before Correction>     <After Correction>  
           (Billions of yen)     (Billions of yen)  

Tier 1 capital

   

Less: 50% of excess of expected losses relative to eligible reserves by banks adopting internal ratings-based approach

        26.1        25.0   
  

Total of Tier 1 capital before deduction of deferred tax assets (total of the above items)

        6,397.8        6,398.9   
       

 

 

    

 

 

  
  

Total

      (A )      6,397.8        6,398.9   
       

 

 

    

 

 

  
  

Preferred securities with a step-up interest rate provision

      (B )      524.0        524.0   
  

Ratio to Tier 1 = (B) / (A) × 100

        8.19 %      8.18 % 
       

 

 

    

 

 

  

Deductions for total risk-based capital

   

Deductions for total risk-based capital

      (E )     370.0        368.9   
       

 

 

    

 

 

  

Total risk-based capital

   

(A) + (C) + (D) – (E)

      (F )     7,772.9        7,775.0   
       

 

 

    

 

 

  

Risk-weighted assets

   

Credit risk-weighted assets

      (G )     45,165.4        45,144.4   
       

 

 

    

 

 

  
  

On-balance-sheet items

        37,683.9        37,640.5   
  

Off-balance-sheet items

        7,481.4        7,503.9   
       

 

 

    

 

 

  
  

Total [(G) + (H) + (J) + (L) + (M)]

      (N )     50,165.9        50,144.9   
       

 

 

    

 

 

  

Consolidated capital adequacy ratio (BIS standard) = (F)/(N) × 100

        15.49 %      15.50 % 
       

 

 

    

 

 

  

Tier 1 capital ratio = (A)/(N) × 100

        12.75 %      12.76 % 
       

 

 

    

 

 

  

Page 7: Notes:

<Before Correction>

4. The amounts of net deferred tax assets as of March 31, 2011 and 2012 were ¥471.1 billion and ¥340.7 billion, respectively, and the maximum amounts of deferred tax assets that can be recorded without diminishing the amount of Tier 1 capital for the purpose of calculating capital adequacy ratio as of March 31, 2011 and 2012 were ¥1,234.0 billion and ¥1,279.5 billion, respectively.

<After Correction>

4. The amounts of net deferred tax assets as of March 31, 2011 and 2012 were ¥471.1 billion and ¥340.7 billion, respectively, and the maximum amounts of deferred tax assets that can be recorded without diminishing the amount of Tier 1 capital for the purpose of calculating capital adequacy ratio as of March 31, 2011 and 2012 were ¥1,234.0 billion and ¥1,279.7 billion, respectively.

¢ Risk-based capital

Page 19:

(5) Required capital by portfolio classification

 

As of March 31, 2012

    <Before Correction>      (Billions of yen)      <After Correction>      (Billions of yen)  
     EAD      Required capital      EAD      Required capital  

Credit risk

      171,425.4         4,737.4         171,425.4         4,733.5   
  

 

 

     

 

 

     

 

 

     

 

 

  

Internal ratings-based approach

      163,265.5         4,486.1         163,265.5         4,482.3   

Corporate (except specialized lending)

      51,054.8         2,523.9         51,022.9         2,517.0   

Corporate (specialized lending)

      2,378.0         239.5         2,407.6         242.5   

Sovereign

      77,549.7         62.9         77,555.3         63.1   

Bank

      5,525.0         123.2         5,521.7         123.1   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total required capital (consolidated)

      n.a.         4,013.2         n.a.         4,011.5   
  

 

 

     

 

 

     

 

 

     

 

 

  

¢ Credit risk

(7) Credit risk exposure, etc.

š Status of exposure to which the internal ratings-based approach is applied

Page 30:

(M) Portfolio by asset class and ratings segment (Corporate, etc.)

 

     <Before Correction>      (Billions of yen, except percentages)  
  

 

 

  

As of March 31, 2012

    LGD (EAD
weighted
average)(%)		      EL default
(EAD weighted
average)(%)		      Risk weight
(EAD weighted
average)(%)		      EAD
(Billions of
yen)		                        Amount of
undrawn
commitments		  
                 On-balance
sheet		      Off-balance
sheet		     

Corporate

      36.56         n.a.         43.71         54,520.1           40,759.9         13,760.2         10,639.1   

Investment grade zone

      38.27         n.a.         22.88         32,216.7           21,609.0         10,607.6         8,856.0   

Non-investment grade zone

      33.22         n.a.         76.27         20,912.3           17,901.2         3,011.1         1,755.0   

Default

      47.16         44.40         36.67         1,391.1           1,249.6         141.4         28.1   
  

 

 

     

 

 

     

 

 

     

 

 

       

 

 

     

 

 

     

 

 

  

Sovereign

      39.89         n.a.         0.97         77,838.3           58,064.9         19,773.3         219.2   

Investment grade zone

      39.89         n.a.         0.79         77,723.6           57,953.6         19,769.8         218.0   

Non-investment grade zone

      39.68         n.a.         122.43         114.5           111.0         3.5         1.2   

Default

      61.29         56.51         63.28         0.1           0.1         —         —   
  

 

 

     

 

 

     

 

 

     

 

 

       

 

 

     

 

 

     

 

 

  

Bank

      37.62         n.a.         23.66         5,583.1           2,692.3         2,890.7         309.9   

Investment grade zone

      37.43         n.a.         19.79         5,027.5           2,463.4         2,564.0         248.1   

Non-investment grade zone

      38.02         n.a.         59.46         534.3           210.7         323.6         61.8   

Default

      73.41         70.53         38.17         21.2           18.1         3.1         —   
  

 

 

     

 

 

     

 

 

     

 

 

       

 

 

     

 

 

     

 

 

  

Total

      38.84         n.a.         19.51         138,906.1           102,481.7         36,424.3         11,168.4   

Investment grade zone

      39.71         n.a.         8.57         115,840.6           82,899.1         32,941.4         9,322.3   

Non-investment grade zone

      33.61         n.a.         76.92         21,651.8           18,313.5         3,338.3         1,818.0   

Default

      47.60         44.83         36.66         1,413.6           1,269.1         144.5         28.1   
  

 

 

     

 

 

     

 

 

     

 

 

       

 

 

     

 

 

     

 

 

  
     <After Correction>      (Billions of yen, except percentages)  
  

 

 

  

As of March 31, 2012

    LGD (EAD
weighted
average)(%)		      EL default
(EAD weighted
average)(%)		      Risk weight
(EAD weighted
average)(%)		      EAD
(Billions of
yen)		                        Amount of
undrawn
commitments		  
                 On-balance
sheet		      Off-balance
sheet		     

Corporate

      36.54         n.a.         43.67         54,517.9           40,758.6         13,759.2         10,637.7   

Investment grade zone

      38.26         n.a.         22.93         32,144.7           21,584.1         10,560.5         8,851.5   

Non-investment grade zone

      33.21         n.a.         75.91         20,981.8           17,924.8         3,057.0         1,757.9   

Default

      47.12         44.36         36.59         1,391.3           1,249.6         141.7         28.2   
  

 

 

     

 

 

     

 

 

     

 

 

       

 

 

     

 

 

     

 

 

  

Sovereign

      39.89         n.a.         0.98         77,843.9           58,069.4         19,774.5         220.8   

Investment grade zone

      39.89         n.a.         0.80         77,729.2           57,958.2         19,770.9         219.6   

Non-investment grade zone

      39.68         n.a.         122.43         114.5           111.0         3.5         1.2   

Default

      61.29         56.51         63.28         0.1           0.1         —         —   
  

 

 

     

 

 

     

 

 

     

 

 

       

 

 

     

 

 

     

 

 

  

Bank

      37.62         n.a.         23.67         5,579.7           2,689.2         2,890.5         309.8   

Investment grade zone

      37.43         n.a.         19.80         5,024.4           2,460.3         2,564.0         248.1   

Non-investment grade zone

      38.02         n.a.         59.47         534.1           210.7         323.3         61.6   

Default

      73.41         70.53         38.17         21.2           18.1         3.1         —   
  

 

 

     

 

 

     

 

 

     

 

 

       

 

 

     

 

 

     

 

 

  

Total

      38.83         n.a.         19.49         138,906.1           102,481.7         36,424.3         11,168.4   

Investment grade zone

      39.71         n.a.         8.57         115,771.1           82,875.5         32,895.5         9,319.3   

Non-investment grade zone

      33.60         n.a.         76.57         21,721.0           18,337.1         3,383.9         1,820.8   

Default

      47.55         44.79         36.58         1,413.9           1,269.1         144.8         28.2   
  

 

 

     

 

 

     

 

 

     

 

 

       

 

 

     

 

 

     

 

 

  

¢ Methods for credit risk mitigation

Page 34:

(9) Credit risk mitigation by portfolio classification

 

As of March 31, 2012

    <Before Correction>      (Billions of yen)      <After Correction>      (Billions of yen)  
      Other
collateral		      Guarantees      Total      Other
collateral		      Guarantees      Total  

Internal ratings-based approach

      4,687.5         5,414.2         12,473.0         4,733.6         5,228.5         12,333.4   

Corporate

      4,454.7         3,693.2         10,124.7         4,500.7         3,507.5         9,985.0   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

      4,687.5         5,414.2         15,560.9         4,733.6         5,228.5         15,421.3   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

¢ Counterparty risk in derivatives transactions and long-settlement transactions

(11) Status of counterparty risk in derivatives transactions and long-settlement transactions

Page 36:

(B) Amounts of credit risk mitigation by type

 

As of March 31, 2012

    <Before Correction>      <After Correction>  
     (Billions of yen)      (Billions of yen)  

Guarantees, Others

      14.5         14.4   
  

 

 

     

 

 

  

Total

      160.6         160.5   
  

 

 

     

 

 

  

Market and liquidity risk management

Outlier Criteria

Page 67:

Results of calculations under the outlier framework

 

     <Before Correction>     <After Correction>  
     (in billions of yen, except percentages)     (in billions of yen, except percentages)  
     Amount of
loss		      Broadly-defined
capital		      Loss ratio
to capital		     Amount of
loss		      Broadly-defined
capital		      Loss ratio
to capital		  

As of March 31, 2012

      483.2         7,772.9         6.2 %      483.2         7,775.0         6.2 %