Mizuho Financial Group Inc (JP:8411)
:8411
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Mizuho Financial Group
(8411)
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Rating:70Outperform
Price Target:
¥7,603.00
▲(12.34% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by improving FY2026 fundamentals (stronger revenue growth, margins, and ROE) but is held back by high balance-sheet leverage and volatile cash-flow patterns. Technically, the trend is constructive with price above major moving averages, while valuation is moderate with a modest dividend yield.
Positive Factors
Diversified banking franchise
Mizuho's multi‑business model spans commercial banking, trust/custody, securities and asset management, creating durable fee and interest income diversification. This breadth supports recurring revenue streams, cross‑sell opportunities and resilience to single‑segment downturns over the medium term.
Negative Factors
High balance‑sheet leverage
Banking‑level leverage at ~5.9x constrains loss absorption and increases sensitivity to credit cycles. If asset quality weakens, high leverage reduces capital buffers and limits strategic flexibility, raising the structural risk profile despite sector norms.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified banking franchise
Mizuho's multi‑business model spans commercial banking, trust/custody, securities and asset management, creating durable fee and interest income diversification. This breadth supports recurring revenue streams, cross‑sell opportunities and resilience to single‑segment downturns over the medium term.
Read all positive factors
Mizuho Financial Group (8411) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥17.54T
Dividend Yield2.38%
Average Volume (3M)7.80M
Price to Earnings (P/E)14.1
Beta (1Y)1.50
Revenue Growth-0.74%
EPS Growth43.85%
CountryJP
Employees51,212
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)402.61
Shares Outstanding2,442,832,000
10 Day Avg. Volume7,504,100
30 Day Avg. Volume7,804,276
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)1.34
Price to Sales (P/S)1.69
P/FCF Ratio32.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)545.43
Revenue Forecast (FY)¥3.89T
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 by earning income from its banking, trust, and securities businesses. (1) Net interest income: A core earnings driver is the spread between interest earned on interest-bearing assets (such as corporate ...
Mizuho Financial Group Earnings Call Summary
Earnings Call Date:Nov 14, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Aug 05, 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
78
Positive
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.33T | 8.95T | 8.60T | 7.86T | 4.89T | 2.84T |
| Gross Profit | 3.66T | 4.38T | 3.59T | 2.86T | 2.58T | 2.28T |
| EBITDA | 1.30T | 1.86T | 1.40T | 1.13T | 945.90B | 769.51B |
| Net Income | 1.01T | 1.25T | 885.43B | 678.99B | 555.53B | 530.48B |
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 | 92.67T | 10.00T> | 10.00T> | 86.46T | 70.60T |
| Total Debt | 60.79T | 66.57T | 60.89T | 58.95T | 45.34T | 40.96T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 11.00T | 11.32T | 10.44T | 10.23T | 9.13T | 9.08T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 459.98B | -4.17T | 326.33B | 8.68T | 4.78T |
| Operating Cash Flow | 0.00 | 556.67B | -3.82T | 389.46B | 8.87T | 4.92T |
| Investing Cash Flow | 0.00 | -14.35T | 3.79T | -9.10T | 6.61T | -1.86T |
| Financing Cash Flow | 0.00 | 1.75T | -299.03B | 12.42T | -611.14B | -522.06B |
Mizuho Financial Group Technical Analysis
Positive
6768.00
Price Trends
6686.64
Positive
6651.13
Positive
5802.73
Positive
Market Momentum
148.87
Negative
55.83
Neutral
64.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8411, the sentiment is Positive. The current price of 6768 is below the 20-day moving average (MA) of 7007.80, above the 50-day MA of 6686.64, and above the 200-day MA of 5802.73, indicating a bullish trend. The MACD of 148.87 indicates Negative momentum. The RSI at 55.83 is Neutral, neither overbought nor oversold. The STOCH value of 64.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥17.54T | 14.07 | 9.14% | 2.38% | -0.74% | 43.85% | |
69 Neutral | ¥4.70T | 17.63 | 8.37% | 1.80% | 16.13% | 23.10% | |
68 Neutral | ¥3.81T | 11.95 | 9.31% | 3.31% | 0.67% | 25.79% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | ¥10.97T | 20.82 | 5.28% | 2.73% | 26.25% | 28.43% | |
59 Neutral | ¥5.81T | 15.69 | 3.72% | 3.03% | -0.10% | 8.09% | |
56 Neutral | ¥369.39B | 14.38 | 4.74% | 3.38% | 4.61% | 17.29% |
* Financial Sector Average
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Mizuho Financial Group Corporate Events
Mizuho Board Rejects Shareholder Bid on Orient Corporation Consolidation Disclosure
May 15, 2026
Mizuho Financial Group’s board has decided to oppose a shareholder proposal ahead of its June 26, 2026, ordinary general meeting, in which two shareholders sought a partial amendment to the Articles of Incorporation concerning risks tied to ...
Mizuho profit jumps 35% on fee growth and share sales
May 15, 2026
Mizuho Financial Group reported that its consolidated ordinary profits for the fiscal year ended March 31, 2026 rose 34.6% from the prior year, significantly surpassing the 30% change threshold that requires a separate disclosure under Tokyo Stock...
Mizuho Financial Group Launches ¥100 Billion Share Buyback and Cancellation Plan
May 15, 2026
Mizuho Financial Group has approved a new share repurchase and cancellation program as part of its ongoing capital policy to balance capital strength, growth investment and shareholder returns. The move aligns with its strategy of progressively in...
Mizuho Profit Jumps 41% as Capital Strengthens, Dividend Raised Again
May 15, 2026
Mizuho Financial Group reported consolidated ordinary income of ¥9.09 trillion for fiscal 2025, a modest 0.6% increase year on year, while ordinary profits surged 34.6% to ¥1.57 trillion and profit attributable to owners of the parent ju...
Mizuho Board Rejects Shareholder Bid on Orient Corporation Risk Disclosure
May 15, 2026
Mizuho Financial Group’s board has formally opposed a shareholder proposal ahead of its June 26, 2026, ordinary general meeting, where two shareholders jointly sought to amend the Articles of Incorporation regarding risks tied to potentially...
Mizuho Profit Jumps 34.6% on Fee Growth and Stock Sales
May 15, 2026
Mizuho Financial Group reported that its consolidated ordinary profits for the fiscal year ended March 31, 2026 rose 34.6% compared with the prior year, triggering a disclosure requirement under Tokyo Stock Exchange rules. Ordinary income edged up...
Mizuho Launches ¥100 Billion Share Buyback and Cancellation to Boost Shareholder Returns
May 15, 2026
Mizuho Financial Group has approved a new share repurchase and cancellation program as part of its capital policy, which aims to balance capital adequacy, growth investment, and enhanced shareholder returns. The group follows a shareholder return ...
Mizuho boosts profits and dividends on stronger FY2025 results
May 15, 2026
Mizuho Financial Group reported modest growth in ordinary income for fiscal 2025 while sharply improving profitability, with ordinary profit up 34.6% and profit attributable to owners of the parent jumping 41.0%. Earnings per share rose to ¥5...
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...
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.