Mizuho Financial Group, Inc. · TSE:8411
Mizuho Financial — Shareholder Meeting (May 2022)
16 slides from Mizuho Financial's shareholder meeting presentation, May 23, 2022
Slide 1: Convocation Notice of the 20th Ordinary General Meeting of Shareholders
MIZUHO Mizuho Financial Group Convocation Notice of the 20th Ordinary General Meeting of Shareholders FY2021 (April 1, 2021 - March 31, 2022) (Securities Code 8411) This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this
Slide 2: Mizuho Financial Group governance structure and committees
Mizuho Financial Group General Meeting of Shareholders Appointment of directors Determines the content of proposals regarding the appointment and dismissal of directors Board of Directors Supervision Outside directors Internal non-executive directors Internal directors who concurrently serve as exec
Slide 3: Consolidated Net Business Profits
Consolidated Net Business Profits’ Target Approx. JPY 900.0 billion JPY 853.1 billion JPY 799.7 billion Before recording one-time losses" JPY 603.1 billion JPY 408.3 billion Customer Be croups — 712000 Fy2021 «
Slide 4: Consolidated Net Business Profits and credit-related costs
Consolidated Net Business Profits1 Target Approx. JPY 900.0 billion JPY 853.1 billion JPY 799.7 billion Before recording one-time losses4 JPY 603.1 billion JPY 408.3 billion Customer Groups FY 2018 FY2020 FY2021 FY2023 Credit-related Costs FY2020 FY2021 (JPY 204.9 billion) (JPY 235.1 billion) (JPY 1
Slide 5: Common Equity Tier 1 (CET1) capital ratio
Common Equity Tier 4 (CET1) capital ratio? Target level: | Lower end of We maintained our CET1 capital the 9-10% range ratio at the target level under the 5- Year Business Plan and continued to ensure a resilient capital base. 8.2% Regulatory ©) ar. 31, 2019) requrement 8.0%
Slide 6: CET1 capital ratio maintained at target level; dividends
We maintained our CET1 capital ratio at the target level under the 5-Year Business Plan and continued to ensure a resilient capital base. Common Equity Tier 1 (CET1) capital ratio2 Target level: Lower end of the 9-10% range 9.3% (Mar. 31, 2022) 8.2% (Mar. 31, 2019) Regulatory requirement: 8.0% Annua
Slide 7: Sustainability initiatives and ESG index inclusion
2022 MSCI ESG Leaders Indexes Constituent STOXX Member 2022/2023 ESG Leaders Indices FTSE4Good With respect to climate change, which is one of the most crucial global issues, Mizuho will pursue efforts to limit the global average temperature rise to 1.5°C and will contribute to achieving a low-carbo
Slide 8: Climate targets and decarbonization roadmap
FY 2019 FY 2021 FY 2022 FY 2023 FY 2024 2030 2040 2050 3: Total from FY 2019 4: Reduction target compared to the end of FY 2019 Reductions by MHFG Promoting decarbonization for our clients Achievement Of low-carbon society CO2 Net-Zero Zero Credit balance for coal-fired power plants Decreased by 50%
Slide 9: Proportion of outside and non-executive directors
5 persons Gpersons persons, 6 persons Percentage of Percentage of ‘outside and non- outside and non- executive officers executive officers 67% 62% 2 nm ™\S Percentage of a, 2 a Pec | aie decors 46% 50% {As ofthe appointment for FY 2020) (ater the appointment for FY 2021) [ouside directors J Non-exec
Slide 10: Core group companies and economic environment
Mizuho Bank, Ltd. Mizuho Americas LLC Mizuho Trust & Banking Co., Ltd. Mizuho Securities Co., Ltd. Asset Management One Co., Ltd. Mizuho Research & Technologies, Ltd. Custody Bank of Japan, Ltd. MI Digital Services Co., Ltd. Mizuho Leasing Company, Limited Banking Core Group Company Trust Banking Se
Slide 11: 5-year Business Plan and financial targets
Consolidated Net Business Profits2 Consolidated ROE1 Approx. 7 - 8% by fiscal year 2023 Approx. JPY 900 billion by fiscal year 2023 Financial targets 5- year Business Plan: Transitioning to the Next Generation of Financial Services Basic policy Key strategy Our objective Build a stronger and more re
Slide 12: In-house companies and units
Banking Trust banking Securities Asset management Research & consulting Retail & Business Banking Company Corporate & Institutional Company Global Corporate Company Global Markets Company Asset Management Company Global Products Unit Research & Consulting Unit Mizuho Bank Mizuho Trust & Banking Mizu
Slide 13: Officer compensation structure
Type of compensation Detail of compensation Example of composition of compensation for Non-executive officers responsible for management supervision Example of composition of compensation for officers responsible for business execution Group executive officer as defined in our internal regulations G
Slide 14: Compensation Committee and amounts of compensation
Mizuho Financial Group Compensation Committee The Chairman of the Compensation Committee shall be an outside director The members of the Compensation Committees are all outside directors (as of March 2022) Determination of compensation Directors and executive officers as defined in the Companies Act
Slide 15: Reference: Cross-shareholdings reduction results and target
Reference Consolidated Acquisition cost basis Reduction result and target (JPY billion) Reduction target Mar. 2019 Mar. 2020 Mar. 2021 Mar. 2022 Mar. 2024 Number of issues2 1,060 1,013 970 882 1,419.8 1,272.0 1,167.7 1,077.3 -90.3 -342.5 (reduction of 315.8 from sales) Sales of JPY 450.0 billion by
Slide 16: Cross-shareholding assessment criteria
Quantitative Assessment Comprehensive Assessment Profitability criteria used to assess meaning: We determine holding to be meaningful when the ratio between Total Profit4 and Risk Capital5 associated with the client exceeds the hurdle rate established based on the cost of capital (cost of capital +
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