Mizuho Financial Group's H1 Earnings Increase; Fiscal 2024 Outlook Raised

MT Newswires Live11-14 19:07

Mizuho Financial Group (MFG) reported H1 earnings Thursday of 223.35 Japanese yen ($1.43) per diluted share, up from 164.03 yen a year earlier.

A single analyst polled by Capital IQ expected 157.8 yen.

Attributable profit for the six months ended Sept. 30 was 566.14 billion yen, compared with 415.75 billion yen a year earlier.

The company raised its fiscal 2024 outlook to 323.48 yen in EPS on an attributable profit of 820 billion yen. Mizuho previously estimated 295.8 yen in EPS on an attributable profit of 750 billion yen for the fiscal year.

In addition, Mizuho also approved the repurchase of up to 50 million shares for a ceiling price of 100 billion yen. The repurchase period starts Nov. 15 to Feb. 28, 2025.

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