Mizuho Financial Group (8411) investor relations material

Strategic vision and business model evolution

• Emphasizing innovation and transformation to support a sustainable future, with a focus on expanding beyond traditional finance and fostering inclusivity and creativity.

• Retail marketing leverages the color blue to symbolize passion and innovation, aligning with broader social initiatives and partnerships.

• Pursuing synergies by connecting mass retail, wealth management, asset management, and global CIB businesses for comprehensive solutions.

• Strengthening cross-regional collaboration and integrating services across banking, trust, and securities to enhance client value.

• Targeting growth in both domestic and global markets through unique CIB models and sector-based coverage.

Financial performance and guidance

• FY26 outlook projects consolidated net business profits of JPY 1,750B and profit attributable to owners of JPY 1,400B, with ROE at 11.4%.

• Demonstrated flexibility in guidance, with upward revisions compared to earlier forecasts and significant YoY profit growth.

• Maintaining a CET1 ratio in the mid 9-11% range and a total payout ratio of 50% or more, balancing growth investments and stable dividends.

• Disciplined RWA allocation and expense control, targeting a reduction of fixed costs by JPY 150B by FY28.

• Improving capital efficiency and aiming for a P/B ratio comparable to top global peers.

Retail, wealth, and asset management initiatives

• Enhancing customer experience through digital innovation, AI-driven services, and branch network renewal to drive deposit growth and retention.

• Strategic alliance with Rakuten Group to expand customer and deposit bases, including permanent double point programs and integrated services.

• Launching UPSIDER BANK to capture SME deposits, payments, and loans, with strong progress toward FY30 targets.

• Wealth management business shows 1.7x growth in recurring-revenue asset sales per salesperson since FY22, with a focus on high-value investment opportunities.

• Asset Management One doubled AUM for high-net-worth products, expanding private asset and thematic fund offerings.