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Investor Presentaiton

Business strategy (Priority areas) (2) Large corporations (in Japan) Achievements to date Redeployed capital raised through the reduction of Cross-shareholdings to Strategic Investment area Expanded our value chain business continuously providing solution to clients such as in M&A and real estate business. The approach has been enhanced by collaboration among BK-TB-SC, which has been accelerated by the implementation of the IG/RG system. Direction going forward Fully leverage Industry Group structure and value chain business creation capabilities. Leverage Mizuho Leasing capability to share risk with clients ■ Leverage non-financial capabilities to support our clients' business transformation to achieve carbon neutral and enhance SDGs FY23 Target level FY22 Target level No. of SA Sl area revenue 1 Approx. 2x Real estate related 23% increase LS Profits 1.7׳ 3 acquisition 1st place deals 4 revenue (Compared to FY19) (Compared to FY19) (Compared to FY19) Outside Japan Devoted resources to establish a fully integrated US CIB model Dramatically increased Leverage Finance fee and S&T flow through integrating BK-SC trading book and quoting competitive price along with strengthening collaboration between client facing and market divisions Build our next generation US CIB model expanding ECM/MA capability and also expanding risk taking capability. Adopt CIB model in other regions such as Asia leveraging success in US FY23 Target level 25% increase (Compared to FY20) US CIB Fee pool (Share) FY27 Target level 1.0% increase (Compared to FY20) US IG/DCM 5 8th Americas S&T Gross Profits 2.1x Americas Gross Profits Ranked 1st as a Japanese bank (Compared to FY18) 1. Strategic investment (SI) area, including the equity/mezzanine business. 2. Industry Group/ Regional Group, aligned BK RM and SC Coverage into 5 industry groups to enhance sector intelligence. 3. Calculated based on Mizuho Leasing figures. Plan for Net Income Attributable to FG. FY19: JPY 17.5B vs FY23: JPY 30B. 4. Structuring Agent. Agent business which originates SDGs bonds deals and adjustment between related people. 5. Bonds issued by investment grade corporations. Fee basis. Source: Dealogic. 6. Derivatives and S&T+Investment banking. MIZUHO 22 22
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