Mizuho Financial Group, Inc. (MFG) Balance Sheet

NYSE: MFGAssets, liabilities, debt and equity over 10 years.

MFG balance sheet, FY2026

March 31, 2026 · Japanese yen

¥303.55T assets = ¥292.10T liabilities + ¥11.45T equity

What it owns¥303.55TCash & ST investments: ¥93.07T (30.7%)Cash & ST investments¥93.07T · 31%PP&E: ¥1.14T (0.4%)Goodwill & intangibles: ¥886.08B (0.3%)LT investments: ¥77.27T (25.5%)LT investments¥77.27T · 25%Other non-current: ¥131.18T (43.2%)Other non-current¥131.18T · 43%=How it is financed¥303.55TCurrent liabilities: ¥45.53T (15.0%)Current liabilities¥45.53T · 15%Long-term debt: ¥21.07T (6.9%)Long-term debt ¥21.07TOther LT liabilities: ¥225.50T (74.3%)Other LT liabilities¥225.50T · 74%Shareholders’ equity: ¥11.45T (3.8%)

Both columns are drawn to the same scale: what MFG owns equals what it owes plus shareholders’ equity. Hover a block for its value.

MFG financial health

Debt / equity5.88
High leverage · ¥5.88 of debt for each $1 of equity
Cash / debt139.2%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.3%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

MFG balance sheet trends, FY2017–FY2026

MetricTrendThenLatestChange
Total assets¥200.51TFY2017¥303.55TFY2026+4.7%/yr
Total liabilities¥191.24TFY2017¥292.10TFY2026+4.8%/yr
Shareholders’ equity¥9.27TFY2017¥11.37TFY2026+2.3%/yr
Cash & short-term investments¥67.69TFY2017¥93.07TFY2026+3.6%/yr
Total debt¥16.57TFY2017¥66.86TFY2026+16.8%/yr
Net cash (debt)¥51.11TFY2017¥26.21TFY2026−¥24.9T
Working capital¥154.23TFY2017¥47.54TFY2026−¥106.7T
Debt / equity1.79FY20175.88FY2026+4.10
Shares outstanding2.54BFY201712.41BFY2026+19.3%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

MFG assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

MFG liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

MFG debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

MFG balance sheet in Japanese yen

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Assets
Cash & short-term investments¥93.07T¥83.48T¥72.97T¥67.15T¥51.36T¥74.42T¥59.15T¥62.11T¥71.39T¥67.69T
Cash & equivalents¥62.46T¥72.48T¥72.97T¥67.15T¥51.36T¥47.98T¥41.07T¥45.11T¥47.73T¥47.13T
Short-term investments¥30.61T¥10.99T−¥1.80T—¥6.73T¥26.44T¥18.08T¥17.00T¥23.67T¥20.56T
Receivables¥0¥2.08T¥0¥1.33T¥1.22T¥706.52B¥644.21B¥708.33B¥588.38B¥555.93B
Inventory¥0¥0¥0¥0¥0−¥85.89T−¥84.89T−¥82.62T−¥80.15T¥0
Other current assets¥0¥632.02B¥0¥0¥0¥85.96T¥84.96T¥82.68T¥80.15T¥90.19T
Total current assets¥93.07T¥86.19T¥72.97T¥67.15T¥51.36T¥75.20T¥59.86T¥62.88T¥71.98T¥158.43T
Property, plant & equipment (net)¥1.14T¥1.12T¥1.14T¥1.11T¥1.10T¥1.14T¥1.10T¥1.04T¥1.11T¥1.14T
Goodwill & intangible assets¥886.08B¥808.90B¥725.14B¥572.72B¥601.29B¥620.22B¥697.41B¥685.73B¥1.09T¥1.05T
Long-term investments¥77.27T¥60.48T¥63.80T¥58.60T¥61.34T¥59.49T¥51.77T¥45.18T¥51.07T¥49.97T
Other non-current assets¥131.18T¥134.72T¥140.04T¥126.82T¥122.67T¥89.13T¥101.23T¥91.01T¥79.77T¥0
Total assets¥303.55T¥283.32T¥278.67T¥254.26T¥237.07T¥225.59T¥214.66T¥200.79T¥205.03T¥200.51T
Liabilities
Accounts payable———¥164.29T¥155.70T¥2.98T¥2.54T¥3.02T¥1.87T¥1.40T
Short-term debt¥45.53T¥43.28T¥40.93T¥29.33T¥23.12T¥22.03T¥20.76T¥18.42T¥2.82T¥2.04T
Deferred revenue——————¥2.45T——¥826.11B
Total current liabilities¥45.53T¥221.32T¥216.38T¥197.18T¥182.29T¥178.12T¥170.23T¥161.95T¥4.68T¥4.20T
Long-term debt¥21.07T¥16.99T¥17.55T¥15.59T¥12.58T¥11.71T¥10.35T¥11.53T¥12.96T¥14.53T
Lease obligations—————¥645.71B¥643.50B¥25.02B¥36.01B¥40.95B
Other long-term liabilities¥225.50T¥34.49T¥34.44T¥32.28T¥32.99T¥26.40T¥25.42T¥18.12T¥0¥0
Total liabilities¥292.10T¥272.80T¥268.36T¥245.05T¥227.87T¥216.22T¥206.00T¥191.60T¥195.21T¥191.24T
Shareholders' equity
Common stock & paid-in capital¥2.27T¥2.26T¥2.26T¥2.26T¥2.26T¥2.26T¥2.26T¥2.26T¥2.26T¥2.26T
Retained earnings (deficit)¥6.86T¥6.05T¥5.54T¥5.09T¥4.76T¥4.42T¥4.17T¥3.92T¥4.00T¥3.62T
Treasury stock—————−¥7.12B−¥6.42B−¥7.70B−¥6.00B−¥4.85B
Accumulated other comprehensive income¥1.32T¥1.02T¥1.32T¥662.13B¥947.20B¥1.45T¥992.96B¥1.45T¥1.68T¥1.52T
Minority interest¥87.36B¥81.54B¥79.59B¥75.16B———¥0¥0¥0
Total shareholders' equity¥11.37T¥10.44T¥10.23T¥9.13T¥9.08T¥9.26T¥8.55T¥8.75T¥9.82T¥9.27T
Key figures
Total debt¥66.86T¥60.89T¥58.95T¥45.34T¥40.96T¥40.31T¥35.21T¥30.22T¥15.77T¥16.57T
Net cash (debt)¥26.21T¥22.59T¥14.02T¥21.82T¥10.39T¥34.11T¥23.94T¥31.89T¥55.62T¥51.11T
Working capital¥47.54T−¥135.14T−¥143.41T−¥130.02T−¥130.93T−¥102.91T−¥110.37T−¥99.07T¥67.30T¥154.23T
Tangible book value¥10.48T¥9.63T¥9.51T¥8.56T¥8.48T¥8.64T¥7.86T¥8.06T¥8.73T¥8.23T
Shares outstanding12.41B12.64B12.67B12.67B12.67B12.68B12.68B12.68B2.54B2.54B
Current ratio2.040.390.340.340.280.420.350.3915.3737.73
Quick ratio2.040.390.340.350.290.420.350.3915.3716.25
Debt / equity5.885.835.764.964.514.354.123.451.611.79
Equity / assets3.7%3.7%3.7%3.6%3.8%4.1%4.0%4.4%4.8%4.6%

Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported (latest annual report filed June 26, 2026); data from EODHD.

MFG financial position

At the end of fiscal 2026 (March 31, 2026), Mizuho Financial had total assets of ¥303.55 trillion (up 7.1% from a year earlier), total liabilities of ¥292.10 trillion and shareholders' equity of ¥11.37 trillion. It held ¥93.07 trillion in cash and short-term investments against ¥66.86 trillion of debt, a net cash position of ¥26.21 trillion. Its current ratio was 2.04. In the latest quarter (ended June 30, 2026) total assets were ¥302.27 trillion and equity ¥11.44 trillion.

Related: MFG income statement, MFG cash flow statement, MFG key metrics. See the MFG stock overview for the latest quote and news.

MFG balance sheet FAQ

What are Mizuho Financial's total assets?

Mizuho Financial reported total assets of ¥303.55 trillion at the end of fiscal 2026 (March 31, 2026), compared with ¥283.32 trillion a year earlier.

How much debt does Mizuho Financial have?

Mizuho Financial had ¥66.86 trillion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 5.88.

How much cash does Mizuho Financial have?

Mizuho Financial held ¥93.07 trillion in cash and short-term investments at the end of fiscal 2026; with ¥66.86 trillion of debt that is net cash of ¥26.21 trillion.

What is Mizuho Financial's book value?

Mizuho Financial's shareholders' equity (book value) was ¥11.37 trillion at the end of fiscal 2026.

What is Mizuho Financial's current ratio?

Mizuho Financial had current assets of ¥93.07 trillion and current liabilities of ¥45.53 trillion, a current ratio of 2.04 (it can cover its short-term obligations).

How much goodwill does Mizuho Financial have?

Mizuho Financial carried ¥886.1 billion of goodwill and intangible assets, 0.3% of total assets, at the end of fiscal 2026.

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