Mizuho Financial Group ( (MZHOF) ) has released its Q4 earnings. Here is a breakdown of the information Mizuho Financial Group presented to its investors.
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Mizuho Financial Group, Inc., a prominent player in the financial services industry, operates primarily in banking, trust banking, and securities businesses, with listings on the Tokyo and New York stock exchanges. The company recently released its earnings report for fiscal 2024, showcasing a robust financial performance despite a challenging global economic environment.
For fiscal 2024, Mizuho Financial Group reported a 3.2% increase in ordinary income, reaching ¥9,030.4 billion, while ordinary profits surged by 27.7% to ¥1,168.1 billion. The profit attributable to owners of the parent also saw a significant rise of 30.4%, amounting to ¥885.4 billion. This growth was driven by strong non-interest income performance and the positive impact of the Bank of Japan’s policy interest rate hike.
The company’s total assets increased to ¥283,320.4 billion, up by ¥4,648.2 billion from the previous fiscal year, primarily due to an increase in receivables under resale agreements. Despite a decrease in securities, loans and bills discounted rose, contributing to the overall asset growth. Mizuho also maintained a stable capital adequacy ratio, fulfilling the necessary levels.
Looking ahead, Mizuho Financial Group estimates a profit attributable to owners of the parent of ¥940.0 billion for fiscal 2025. The company plans to continue its progressive dividend policy, with an estimated annual cash dividend of ¥145.0 per share, reflecting a commitment to enhancing shareholder returns while maintaining capital adequacy and pursuing growth investments.