Mizuho Financial Group (8411) investor relations material

Executive summary

• Achieved record Net Business Profits and Net Income for FY25, with ROE reaching 11.4%, surpassing the medium-term target two years ahead of schedule.

• Profit attributable to owners of parent was JPY 1,248.6B, up 41% YoY and 110% of outlook.

• Ordinary profits grew by JPY 405.0B YoY to JPY 1,573.1B.

• Consolidated gross profits rose by JPY 556.8B YoY to JPY 3,477.2B, driven by strong fee business, yen depreciation, and higher policy rates.

• Comprehensive income reached JPY 1,651.2B, up from JPY 618.2B the previous year.

Financial highlights

• Consolidated gross profits rose to JPY 3,515.6B (+18.5% YoY), driven by strong fee business, yen depreciation, and higher BOJ policy rate.

• Consolidated net business profits reached JPY 1,461.1B (+27.6% YoY), with significant contributions from customer groups and markets.

• Ordinary income was JPY 9,085.4B, up 0.6% YoY.

• Earnings per share increased to JPY 502.92 from JPY 350.20 YoY.

• Net assets per share rose to JPY 4,640.23 from JPY 4,161.03 YoY.

Outlook and guidance

• FY26 profit attributable to owners of parent projected at JPY 1,300.0B (+JPY 51.3B YoY), with net business profits expected at JPY 1,630.0B (+JPY 168.8B YoY).

• Annual cash dividend estimate raised to JPY 150 per share (+5 YoY); share buyback of up to JPY 100B resolved.

• Medium-term targets updated: ROE over 12% and consolidated net business profits of JPY 1.8–2.0T by FY28.