Latest news with #MizuhoFinancialGroup
Yahoo
6 days ago
- Business
- Yahoo
Mizuho Financial Group (MFG) Raises 2025 Guidance on Booming Business
Mizuho Financial Group, Inc. (NYSE:MFG) is one of the best low-priced stocks to buy right now. On July 31, the company delivered solid first-quarter fiscal 2025 results, affirming underlying growth. Adjusted earnings totaled J¥115.91 per share, higher than an EPS of ¥114.14 delivered in the same quarter last year. Earnings also topped consensus estimates of ¥98.33 per share. The adjusted earnings increase was driven by a 6.4% increase in revenue to ¥912.23 billion, which exceeded consensus estimates of ¥788.22 billion. Mizuho Financials' Q2 results were bolstered by a 41.6% increase in income to ¥328.71 billion, asserting a strong recovery from the decline in the same quarter last year. The company has revised its earnings estimates for the fiscal year 2025. It now expects a 15.1% increase in profit attributable to the owners of the parent to ¥1.02 billion. The company remains focused on leveraging its strengths in integrated financial services to meet the diverse needs of its customers. Mizuho Financial Group, Inc. (NYSE:MFG) is a major Japanese financial institution that provides a wide range of financial products and services. It operates as a holding company with subsidiaries focused on banking, trust banking, securities, and other financial areas. Mizuho is known for its global reach, serving both individual and corporate clients worldwide. While we acknowledge the potential of MFG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
31-07-2025
- Business
- Reuters
Japan's megabanks post Q1 profit growth, Mizuho hikes full year forecast by 15%
TOKYO, July 31 (Reuters) - Japan's second and third largest banking groups are on track to meet record high annual earnings forecasts as lending demand held up in the first quarter, despite uncertain global economic conditions. The third-largest banking group, Mizuho Financial Group (8411.T), opens new tab, upped its profit forecast by 15% to a record 1.02 trillion yen for this financial year on the strength of this quarter's results and prospects for future growth. Mitsui Sumitomo Financial Group (8316.T), opens new tab, the second-largest banking group, kept its forecast at the 1.3 trillion yen it set in May, which would also be a record high. The return of inflation to Japan has unleashed a wave of loan demand among its companies seeking funding for mergers and acquisitions (M&A) and capital expenditure, which remains strong despite U.S. tariff threats and market volatility. Also on Thursday the Bank of Japan revised up its inflation forecasts and expressed a more optimistic stance on the economy than at its last meeting in May, raising the likelihood of further interest rate hikes. SMFG recorded net profit of 376.9 billion yen ($2.53 billion) in the April-June quarter, up 1.5% from the year-earlier figure of 371.4 billion yen. Mizuho had net profit of 290.5 billion yen ($1.95 billion) for the same period, 0.4% higher than 289.3 billion yen in the corresponding year-ago period. Japan's banks have cashed in on the end of ultra-low interest rates that hamstrung lending margins for years - Mizuho's domestic loan and deposit rate margin grew to 1.07% from 0.92% at the end of March and 0.76% the year prior. The prospect of sweeping tariffs unveiled by U.S. President Donald Trump's in April did not hamper loan demand, particularly among large corporations. SMFG's net interest income grew to 626.3 billion yen versus 524.2 billion the previous year. To account for the impact of tariffs, in May both SMFG and Mizuho had factored in a bottomline hit of about 100 billion yen and 110 billion yen respectively to their earnings forecasts for the current financial year. Japan's largest lender by assets, Mitsubishi UFJ Financial Group (8306.T), opens new tab, will report results on Monday. ($1=148.7200 yen)
CNA
31-07-2025
- Business
- CNA
Japan's megabanks post Q1 profit growth, Mizuho hikes full year forecast by 15%
TOKYO :Japan's second and third largest banking groups are on track to meet record high annual earnings forecasts as lending demand held up in the first quarter, despite uncertain global economic conditions. The third-largest banking group, Mizuho Financial Group, upped its profit forecast by 15 per cent to a record 1.02 trillion yen for this financial year on the strength of this quarter's results and prospects for future growth. Mitsui Sumitomo Financial Group, the second-largest banking group, kept its forecast at the 1.3 trillion yen it set in May, which would also be a record high. The return of inflation to Japan has unleashed a wave of loan demand among its companies seeking funding for mergers and acquisitions (M&A) and capital expenditure, which remains strong despite U.S. tariff threats and market volatility. Also on Thursday the Bank of Japan revised up its inflation forecasts and expressed a more optimistic stance on the economy than at its last meeting in May, raising the likelihood of further interest rate hikes. SMFG recorded net profit of 376.9 billion yen ($2.53 billion) in the April-June quarter, up 1.5 per cent from the year-earlier figure of 371.4 billion yen. Mizuho had net profit of 290.5 billion yen ($1.95 billion) for the same period, 0.4 per cent higher than 289.3 billion yen in the corresponding year-ago period. Japan's banks have cashed in on the end of ultra-low interest rates that hamstrung lending margins for years - Mizuho's domestic loan and deposit rate margin grew to 1.07 per cent from 0.92 per cent at the end of March and 0.76 per cent the year prior. The prospect of sweeping tariffs unveiled by U.S. President Donald Trump's in April did not hamper loan demand, particularly among large corporations. SMFG's net interest income grew to 626.3 billion yen versus 524.2 billion the previous year. To account for the impact of tariffs, in May both SMFG and Mizuho had factored in a bottomline hit of about 100 billion yen and 110 billion yen respectively to their earnings forecasts for the current financial year. Japan's largest lender by assets, Mitsubishi UFJ Financial Group, will report results on Monday. ($1=148.7200 yen)
29-07-2025
- Business
Mizuho Bank to Acquire AI Financial Venture
News from Japan Economy Jul 29, 2025 19:35 (JST) Tokyo, July 29 (Jiji Press)--Mizuho Financial Group Inc. said Tuesday that it will acquire Upsider Holdings Inc., a Tokyo-based financial venture that uses artificial intelligence to provide credit cards and accounting efficiency services for corporate clients. Mizuho Bank, the core subsidiary of the Japanese financial group, will purchase a 70 pct stake in the venture for some 46 billion yen and make it a consolidated subsidiary. Mizuho Bank aims to strengthen financial services for small businesses and startups. A specific joint business strategy will be announced in autumn. "We hope to address the labor shortage faced by small and midsize companies that support the Japanese economy and to improve their fundraising capabilities," Mizuho Financial Group President Masahiro Kihara told a news conference. In November 2023, Mizuho Financial Group and Upsider jointly established a debt fund for startups, providing a total of about 13 billion yen in loans. [Copyright The Jiji Press, Ltd.] Jiji Press
Yahoo
15-07-2025
- Business
- Yahoo
Mizuho: 'Optimistic' About the Future
There is an end in sight to uncertainty, and there is reason to be optimistic about the future says Masahiro Kihara, CEO of Mizuho Financial Group. What is more, despite current uncertainty, some things remain the same for Japan's third-largest bank: the US is still a key trading partner, and Kihara still views the Japanese economy as strong. Kihara spoke to Bloomberg's Francine Lacqua.
