Mizuho Financial Group, Inc. Sponosred ADR (Japan)

As it is time, let me start the musical financial holdings investor presentation for fiscal year 2021. Thank you very much for taking time out of your busy schedule today to attend the session. I am Chisaka of the IR department, and I will be serving as the moderator. Before we begin, let me introduce the speakers who are presenting and taking questions. From your left is Mr. Kihara, President and Group CEO, and Deputy President, Group CDIO, and Group CEO, Mr. Umemiya. Explanation is given about the Japanese vine. A disclaimer before we start the session. In today's discussion, we may state forward-looking statements based on our current expectations, which are subject to risks and uncertainties. These statements are subject to risks and uncertainties. Please be aware that actual results may differ from those discussed in the forward-looking statements. Today, we will start with a presentation from Group CEO, Mr. Kihara, based on the presentation material titled, Investor Presentation for fiscal year 2021 for about 30 minutes covering financial results and strategies followed by Q&A during which Mr. Kihara and the group CFO, Mr. Mamiya, will take your questions. We have about one hour for Q&A to end around 3 p.m. Thank you in advance for your cooperation. Mr. Kihara, the floor is yours.

Kihara speaking. Thank you very much for taking time. Allow me to make a presentation at this moment. So, I would like to provide an overview of the financial results on page four. A consolidated net business profit increased 53.4 billion yen to 853.1 billion yen. Customer groups, all the four in-house companies' revenues grew and 127.9 billion yen was achieved, a record high. And deposits, on a forward-looking basis, we provisioned credit-related expenses of 30.2 billion and net gains and losses on stock transactions. We canceled their funds ahead of time. There was impairment from stock holdings. So, $45.7 billion. And because of special factors, including tax, defense, and so forth, we achieved a net income attributable to FC of $530 billion, up by $59.4 billion. Year-end dividend, 40 yen per share. Five annuities from the previous year. Page five. I said that we achieved a record high. Ever since we established in-house companies in FY 2016, we've seen steady progress. If you could please go on to page seven. There was improvement, business improvement plan that was implemented in order to respond to systems of failure. So we have shared our progress up until March, and there are three important points In order to prevent system failures, we have checked our systems, and we're capturing signs of problems ahead of time. We also verify the functions of the system. And we're trying to minimize the impact on customers when something happens. So DCP, SP, we need to have good collaboration in terms of those, and we have verified that. And so we have proceeded on that. Number three, we need to focus on personnel and organization. We have to change the culture.

And we have also worked on governance.