Mizuho Financial Group (FG) announced on the 31st that it has revised its consolidated net profit forecast for the fiscal year ending March 2026 to 1.02 trillion yen, up from a previous forecast of 940 billion yen. This revised figure aligns with market expectations and, if achieved, will mark the first time the group surpasses 1 trillion yen in net profit. As interest rates rise globally, this could herald an era where all major financial groups exceed 1 trillion yen in profit from core operations.
In their statement, Mizuho FG cited strong performance in the first quarter of the fiscal year (April-June 2025) and expressed expectations for surpassing the previous fiscal term in terms of consolidated core business profit. The group also attributes this growth to contributions from both improvements in their core business and gains in their financial market operations, despite the latter’s weaker performance.
The group’s consolidated net profit for the first quarter reached a record high of 316.4 billion yen, representing a modest growth of 0.4% from the same period last year and exceeding market expectations of 261.4 billion yen.
Mizuho FG explained that while their market division underperformed, the client segment helped balance the results. Former Mizuho FG leader, during a report on April to September 2025 figures, acknowledged previous projections were conservative due to uncertainties in the economic outlook, such as ongoing Japan-U.S. trade negotiations. He noted that “if uncertainties are eliminated, corporate activities would recover, and Mizuho FG’s performance targets could be slightly raised.”
by MagazineKey4532