Write-down on Investment

RNS Number:1706D
Mizuho Holdings Inc
31 October 2002

 
Company Name          ;        Mizuho Holdings, Inc.
Stock Code Number     :        8305 TSE 1st Sec., OSE 1st Sec.
 
      Amounts of Write-down on Investment Securities held by Subsidiary 
                              as of September 30, 2002

Mizuho Holdings, Inc. has announced the amount of write-down on investment 
securities held by its wholly-owned subsidiary, Mizuho Corporate Bank, Ltd. 
("MHCB"), as of September 30, 2002 as shown below. MHCB evaluates investment 
securities other than trading securities according to mark-to-market method, 
cost method, or amortized cost method.

       Amount of write-down on investment securities held by MHCB 
                    as of September 30,2002 (approximation)
                                                             (Billions of yen,%)

MHCB'S write-down on investment securities as of September 30, 2002 (A)     49.2
Consolidated Total Shareholders' Equity as of March 31, 2002 (B)         4,731.4
(A)/(B) X 100                                                               1.0%
Consolidated Ordinary Profits (recent two-year average)(C)                 287.4
(A)/(C) X 100                                                              17.1%
Consolidated Net Income (recent two-year average)(D)                       105.6
(A)/(D) X 100                                                              46.6%

(Notes)

1.Average figures for recent two fiscal years are used in calculating the above 
Ordinary Profits and Net Income. The Ordinary Profits and the Net Income for 
fiscal 2001 are counted as zero since they are negative.

2.Mizuho's previously announced projections for the first half of fiscal 2002, 
which were announced on May 24, 2002 , are not expected to be revised.

Please direct any inquiries to:
         Mizuho Holdings, Inc.
                Public Relations: 81-3-5224-2026 
                Accounting      : 81-3-5224-2030



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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