Mizuho FG expects consolidated net profit for the fiscal year ending March 2027 to reach ¥1.6 trillion, up 28% from the previous fiscal year and a record high. Improved lending spreads due to higher interest rates and growth in corporate lending are expected to drive earnings.
Mizuho Financial Group announced that consolidated net profit for the fiscal year ending March 2027 was expected to reach ¥1.6 trillion, up 28% from the previous fiscal year. The figure is expected to exceed the previous forecast, marking the second upward revision since the start of the fiscal year. President Kihara Masahiro (木原 正裕) cited traction in large corporate business and plans to deepen business with owners of mid-sized and small businesses.
The group disclosed a policy to buy back up to ¥200 billion of its own shares. This is equivalent to 1.4% of the total number of shares issued, and the buyback will be conducted from 16 November 2026 through the end of February 2027, with the shares acquired to be retired. The annual dividend forecast was raised to ¥200 from ¥145 for the previous fiscal year.
For the consolidated results for April-September 2026, net profit rose 30% year on year to ¥896.4 billion, marking a record high for the April-September period for the third consecutive year. Adjusted business profit more than doubled on a combined basis for Mizuho Bank and its subsidiaries.
President Kihara Masahiro (木原 正裕) indicated strong prospects for large corporate transactions, including advice on cross-border M&A, and expressed an intention to deepen the group's business for mid-sized and small companies.