Mizuho Financial Reports 33.1% Profit Growth in Nine Months

Major Upsurge in Profit: Mizuho Financial Group, Inc. reported a significant 33.1% increase in profit attributable to owners of the parent company, reaching 855.37 billion yen. This strong performance could positively influence investor sentiment.

Date: 03-02-2025

AI Rating: 8

Earnings Per Share (EPS): Mizuho Financial reported a notable improvement in EPS, rising to 337.64 yen from 253.41 yen last year. This increase suggests enhanced profitability and could attract investor interest.

Net Income: The profit attributable to owners of the parent significantly climbed 33.1% to 855.37 billion yen, up from 642.32 billion yen from the previous year. This growth indicates robust financial health and solid performance over the nine-month period.

Revenue Growth: Ordinary income experienced substantial growth, increasing by 14.8% to reach 7.07 trillion yen, compared to 6.16 trillion yen last year. This uptick in revenue highlights the bank's effective operations and market position.

Future Projections: Mizuho continues to project a profit attributable to owners of the parent of 820 billion yen or 324.12 yen per share for the fiscal year ending March 31, 2025, which reflects a solid growth forecast of 20.7% from the previous year. These projections are likely to bolster investor confidence as they suggest continued positive momentum.

Stocks: MFG