Mizuho Financial Group Inc (JP:8411)
:8411
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Mizuho Financial Group
(8411)
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Rating:71Outperform
Price Target:
¥6,537.00
▲(10.25% Upside)
Action:ReiteratedDate:01/15/26
The score is driven primarily by solid financial performance (strong growth, healthy margins, and robust ROE), partially offset by weaker cash flow efficiency. Technicals show a strong uptrend but very overbought momentum increases near-term risk. Valuation is reasonable but not compelling, with only moderate support from the dividend yield.
Positive Factors
Diversified full-service banking model
Mizuho's broad product mix across commercial/corporate banking, trust/asset administration, securities and capital markets creates multiple revenue engines (interest, fees, trading). This structural diversification reduces dependence on any single cycle and supports steadier revenue over months.
Negative Factors
Weak cash conversion and negative FCF trend
Persistent difficulties converting accounting profits into operating cash and negative free cash flow growth reduce financial flexibility. Over months this constrains capital deployment, dividend or buyback capacity and increases reliance on external funding, raising vulnerability in stressed markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified full-service banking model
Mizuho's broad product mix across commercial/corporate banking, trust/asset administration, securities and capital markets creates multiple revenue engines (interest, fees, trading). This structural diversification reduces dependence on any single cycle and supports steadier revenue over months.
Read all positive factors
Mizuho Financial Group (8411) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
$14.74T
Dividend Yield2.38%
Average Volume (3M)7.80M
Price to Earnings (P/E)10.7
Beta (1Y)1.46
Revenue Growth-3.62%
EPS Growth23.01%
CountryJP
Employees51,212
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)133.01
Shares Outstanding2,489,848,600
10 Day Avg. Volume7,504,100
30 Day Avg. Volume7,804,276
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)0.73
Price to Sales (P/S)0.95
P/FCF Ratio22.82
Enterprise Value/Market Cap1.30
Enterprise Value/Revenue2.30
Enterprise Value/Gross Profit5.23
Enterprise Value/Ebitda14.75
Forecast
1Y Price Target
$7,932.41Price Target Upside33.79% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)475.77
Revenue Forecast (FY)$3.14T
Mizuho Financial Group Business Overview & Revenue Model
Company Description
Mizuho Financial Group, Inc., together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through five seg...
How the Company Makes Money
Mizuho Financial Group makes money primarily through its banking, trust/asset-related, and securities/capital-markets businesses, earning income from interest, fees/commissions, and trading/market activities.
1) Net interest income (core banking)...
Mizuho Financial Group Earnings Call Summary
Earnings Call Date:Nov 14, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The earnings call presents a positive financial outlook with significant achievements in growth and integration efforts, particularly with Greenhill and Rakuten. However, challenges remain in the asset and wealth management sector and rising expenses.Positive Updates
Exceeded Medium-Term Business Plan Targets
Mizuho Financial Group exceeded their final target for FY 2025 ahead of time in the first half of the medium-term business plan.
Negative Updates
Challenges in Asset and Wealth Management
The asset and wealth management sector is not performing as expected, with performance gaps compared to competitors.
Read all updates
Q2-2024 Updates
Positive
Negative
Exceeded Medium-Term Business Plan Targets
Mizuho Financial Group exceeded their final target for FY 2025 ahead of time in the first half of the medium-term business plan.
Read all positive updates
Company Guidance
In the recent investor presentation for the first half of fiscal year 2024, Mizuho Financial Group reported exceeding their final financial targets for FY 2025 ahead of schedule. The company announced a forecasted net business profit of ¥1.17 trillion for FY24, reflecting a ¥100 billion increase. Key strategic focuses include solidifying sustainable growth, enhancing competitive edge, and optimizing capital use. Mizuho emphasized improvements in asset profitability, noting a reduction of ¥1.1 trillion in low-profit deals and an increase of ¥1.6 trillion in high-profit business, with RORA rising from 3.1% to 3.3%. Additionally, the CET1 ratio reached 10.5%, allowing for a balanced approach to growth investments and shareholder returns. An important strategic move was the increased stake in Rakuten Securities to 49%, aimed at strengthening asset and wealth management capabilities. The group also highlighted the importance of operational stability, the need for a distinctive business portfolio, and initiatives to enhance their competitive edge, such as leveraging synergies with Greenhill.Mizuho Financial Group Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.33T | 8.60T | 7.86T | 4.89T | 2.84T | 2.89T |
| Gross Profit | 3.66T | 3.59T | 2.86T | 2.58T | 2.28T | 2.26T |
| EBITDA | 1.30T | 1.40T | 1.13T | 945.90B | 769.51B | 819.14B |
| Net Income | 1.01T | 885.43B | 678.99B | 555.53B | 530.48B | 471.02B |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 67.29T | 10.00T> | 10.00T> | 86.46T | 70.60T | 92.46T |
| Total Debt | 60.79T | 60.89T | 58.95T | 45.34T | 40.96T | 40.31T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 11.00T | 10.44T | 10.23T | 9.13T | 9.08T | 9.26T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -4.17T | 326.33B | 8.68T | 4.78T | -1.57T |
| Operating Cash Flow | 0.00 | -3.82T | 389.46B | 8.87T | 4.92T | -1.46T |
| Investing Cash Flow | 0.00 | 3.79T | -9.10T | 6.61T | -1.86T | -50.54B |
| Financing Cash Flow | 0.00 | -299.03B | 12.42T | -611.14B | -522.06B | 8.57T |
Mizuho Financial Group Technical Analysis
Negative
5929.00
Price Trends
6776.78
Negative
6153.10
Negative
5306.99
Positive
Market Momentum
-216.73
Positive
37.89
Neutral
26.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8411, the sentiment is Negative. The current price of 5929 is below the 20-day moving average (MA) of 6413.85, below the 50-day MA of 6776.78, and above the 200-day MA of 5306.99, indicating a neutral trend. The MACD of -216.73 indicates Positive momentum. The RSI at 37.89 is Neutral, neither overbought nor oversold. The STOCH value of 26.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8411.
Mizuho Financial Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥3.47T | 8.79 | 9.31% | 3.31% | 16.24% | 78.76% | |
71 Outperform | $14.74T | 10.71 | 9.14% | 2.38% | -3.62% | 23.01% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | ¥3.90T | 10.69 | 8.37% | 1.80% | 8.28% | 28.63% | |
63 Neutral | ¥8.95T | 14.35 | 5.28% | 2.73% | 2.17% | 9.55% | |
61 Neutral | ¥5.36T | 10.08 | 3.72% | 3.03% | -1.36% | 38.26% | |
54 Neutral | ¥338.89B | 10.57 | 4.74% | 3.38% | 5.47% | ― |
* Financial Sector Average
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Mizuho Financial Group Corporate Events
Mizuho Completes ¥300 Billion Share Buyback and Sets April Cancellation
Mar 12, 2026
Mizuho Financial Group has completed a share repurchase program authorized by its board, buying back 47,016,600 shares of common stock for a total of approximately ¥300 billion through market purchases using a trust method between November 20...
Mizuho Advances ¥300 Billion Share Buyback, Repurchasing Over 39 Million Shares
Mar 2, 2026
Mizuho Financial Group has continued its share buyback program, repurchasing 14,640,700 common shares for about ¥105.0 billion between February 1 and February 28, 2026 through market purchases using a trust method. The move is part of a broad...
Mizuho Financial Group Names Masayuki Sugawara as New Representative Corporate Executive
Feb 27, 2026
Mizuho Financial Group has announced a leadership change, appointing Masayuki Sugawara as Deputy President and Representative Corporate Executive, effective April 1, 2026. Following this move, the company will have two Representative Corporate Exe...
Mizuho Financial Group Reports Progress on ¥200 Billion Share Buyback Program
Feb 2, 2026
Mizuho Financial Group has reported the latest progress in its ongoing share buyback program, repurchasing 9,161,100 shares of its common stock for approximately ¥59.6 billion between January 1 and January 31, 2026 via market purchases using ...
Mizuho Expands and Extends Share Buyback, Lifts Cap to ¥300 Billion
Feb 2, 2026
Mizuho Financial Group has amended its previously announced share repurchase and cancellation program, opting to expand the size and duration of the buyback in line with its capital policy of balancing capital adequacy, growth investment, and enha...
Mizuho Lifts Profit and Dividend Outlook Despite Revenue Dip in Third Quarter FY2025
Feb 2, 2026
For the nine months ended 31 December 2025, Mizuho Financial Group reported a 6.5% year-on-year decline in ordinary income to ¥6.61 trillion, but ordinary profits rose 11.3% to ¥1.25 trillion and profit attributable to owners of the pare...
Mizuho Financial Group Reports Progress on ¥200 Billion Share Buyback Program
Jan 5, 2026
Mizuho Financial Group has disclosed the progress of its ongoing share repurchase program, conducted under Japan’s Companies Act and its own Articles of Incorporation. Between December 1 and December 31, 2025, the group bought back 9,434,900...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.