Mizuho Financial Group Reports Strong Fiscal 2024 Results

Mizuho Financial Group ( (MFG) ) has released its Q4 earnings. Here is a breakdown of the information Mizuho Financial Group presented to its investors.

Mizuho Financial Group, Inc. is a prominent financial institution operating in the banking sector, offering a wide range of financial services including banking, trust banking, securities, and other financial services. The company is listed on both the Tokyo Stock Exchange and the New York Stock Exchange.

In its latest earnings report for fiscal year 2024, Mizuho Financial Group reported a notable increase in its financial performance metrics. The company achieved a consolidated ordinary income of ¥9,030.4 billion, marking a 3.2% increase from the previous year. Ordinary profits surged by 27.7% to ¥1,168.1 billion, and profit attributable to owners of the parent rose by 30.4% to ¥885.4 billion.

Key highlights from the report include a significant rise in earnings per share from ¥267.88 to ¥350.20, reflecting the company’s improved profitability. The company’s total assets increased to ¥283,320.4 billion, driven by higher receivables under resale agreements. Despite a decrease in securities holdings, loans and bills discounted saw an uptick, contributing to the overall asset growth.

Mizuho Financial Group’s strategic focus on enhancing shareholder returns was evident with an increase in annual cash dividends per share from ¥105.00 to ¥140.00. The company also plans to continue its progressive dividend policy, aiming for further increases in fiscal 2025. The management remains optimistic about sustaining growth, with a profit estimate of ¥940.0 billion for the next fiscal year.

Looking ahead, Mizuho Financial Group is committed to maintaining a balance between capital adequacy, growth investment, and shareholder returns. The company aims to navigate the evolving economic landscape while optimizing its financial strategies to achieve sustainable growth.