Mizuho Financial's Profit Jumps 36% in Fiscal H1; Raises Earnings and Dividend Forecasts

MT Newswires Live07:36

Mizuho Financial Group's (TYO:8411) profit attributable to owners of the parent jumped 36.1% to 566.1 billion yen in the fiscal first half ended Sept. 30, from 415.8 billion yen a year ago mainly boosted by interest income.

Japan's third-largest bank by assets said earnings per share (EPS) rose to 223.35 yen from 164.03 yen a year ago, according to a Thursday filing with the Tokyo Stock Exchange.

Ordinary income rose 8% to 4.585 trillion yen from 4.245 trillion yen a year earlier.

Following its first-half performance, the company raised its profit forecast for the fiscal year ending March 31, 2025, to 820 billion yen, or 323.48 yen per share, from 750 billion yen earlier.

The company declared an interim dividend of 65 yen per share, payable from Dec. 6, 2025

In a separate filing, Mizuho said it revised its forecasts for its year-end and annual dividends for the current year to align with its dividend payout ratio of 40%.

The company expects to pay a year-end dividend of 65 yen per share, up 7.5 yen from previously planned, bringing its annual dividends to 130 yen per share for the current fiscal year.

Price (JPY): $3531.00, Change: $+46, Percent Change: +1.32%

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