Mizuho Financial Group ( (MZHOF) ) has released its Q1 earnings. Here is a breakdown of the information Mizuho Financial Group presented to its investors.
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Mizuho Financial Group, Inc. is a major Japanese banking institution that operates in the financial services sector, providing a wide range of services including banking, trust, and securities functions under a holding company structure. The company is listed on both the Tokyo and New York Stock Exchanges.
In its latest earnings report for the first quarter of fiscal 2025, Mizuho Financial Group reported a decline in ordinary income by 10.5% to ¥2,130,048 million compared to the same period last year. However, ordinary profits increased by 4% to ¥368,583 million, and profit attributable to owners of the parent rose slightly by 0.4% to ¥290,521 million.
Key financial highlights include a comprehensive income increase of 41.6% to ¥328,712 million, signaling a strong recovery from the previous fiscal year’s decline. Earnings per share of common stock also saw a slight increase to ¥115.90 from ¥114.14. The company’s total assets stood at ¥278,650,460 million, with a slight decrease from the previous fiscal year, while the own capital ratio improved to 3.7%.
Looking ahead, Mizuho Financial Group has revised its consolidated earnings estimates for fiscal 2025, projecting a profit attributable to owners of the parent at ¥1,020,000 million, an increase of 15.1% from the previous year. The company remains focused on leveraging its strengths in integrated financial services to meet diverse customer needs and maintain its competitive edge in the market.