Mizuho profit jumps 47% to ¥1.25 trillion
By Brie CarterKey points
- Mizuho Financial Group (NYSE:MFG) reported first-half fiscal 2026 ordinary profit of ¥1.25 trillion, up 47.3%, while net income increased 29.9% to ¥896.5 billion.
- The bank raised its full-year net income forecast to ¥1.60 trillion and ordinary profit forecast to ¥2.18 trillion.
- Mizuho increased its annual dividend forecast to ¥200 per share and expanded its share buyback programme to ¥400 billion.
Mizuho Financial Group (NYSE:MFG) reported first-half fiscal 2026 ordinary profit of ¥1.252 trillion, up 47.3% year over year, while net income increased 29.9% to ¥896.5 billion.
Ordinary income increased 15.1% to ¥4.993 trillion, while net interest income rose to ¥771.28 billion from ¥652.68 billion in the same period of the previous fiscal year.
Higher interest income, stronger fee and commission earnings, improved trading income and gains from equity holdings contributed to the increase in first-half earnings.
Mizuho raised its full-year fiscal 2026 ordinary profit forecast to ¥2.18 trillion from ¥1.98 trillion and increased its net income forecast to ¥1.60 trillion from ¥1.40 trillion.
The bank increased its annual dividend forecast to ¥200 per share from ¥150 previously, compared with ¥145 paid for the previous fiscal year, and doubled its fiscal 2026 share buyback programme to ¥400 billion from ¥200 billion.
Mizuho is one of Japan's three major banking groups, alongside Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group, and has benefited from higher domestic interest rates and stronger corporate borrowing demand.
