EarningsQ2 2024 Earnings Report

Mizuho Financial (MZ8A) Q2 2024 Earnings Report

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Previous Report: Q1 2024

Next Report: Q3 2024

DE:MZ8A Q2 2024 EPS Results

Actual EPS€0.13

Consensus EPS€0.10

Beat/MissBeat by +€0.03

One Year Ago EPS€0.08

DE:MZ8A Q2 2024 Revenue Results

Actual Revenue€12.64B

Expected Revenue€4.56B

Beat/MissBeat by +€8.08B

YoY Revenue Growth+3.63%

Earnings Announcement Details

QuarterQ2 2024

Date11/14/2024

TimeTBA

Conference CallThursday, November 14, 2024

DE:MZ8A Upcoming Earnings

Mizuho Financial's next earnings date is estimated for November 13, 2026, based on past reporting schedules.

Q2 2024 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2024 Earnings Slide Deck

Q2 2024 Earnings Call Summary

Q2 2024

Earnings Call Date:Nov 14, 2024|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call presented a positive picture with significant achievements in financial growth, strategic collaborations, and sustainability initiatives. However, challenges remain in areas such as asset and wealth management and rising costs, which the company aims to address moving forward.

Company Guidance

In the recent investor call, Mizuho Financial Group provided detailed guidance on its performance and strategic direction for the first half of fiscal year 2024. The Group reported a forecast of ¥1.17 trillion in net business profit for FY24, marking an increase of ¥100 billion. A significant focus was placed on sustainable growth, with investments in Greenhill, Rakuten, and Golub Capital. Asset profitability improved with a reduction of ¥1.1 trillion in low-profit deals and an increase of ¥1.6 trillion in high-profit business, boosting RORA from 3.1% to 3.3%. The firm is also dedicated to enhancing its competitive edge and operational stability through a new HR framework and culture reform efforts, which included 416 town hall meetings across 322 sites. Despite challenges in the asset and wealth management sector, Mizuho is optimistic about its strategic collaborations, such as with Rakuten Securities, and its ability to capture growth opportunities, especially in the burgeoning Japanese corporate sector and global markets.

Solid Financial Progress

Achieved steady profit growth with a forecast of net business profit for FY24 of ¥1.17 trillion, up ¥100 billion. Achieved solid growth in areas of focus, including AUM, which is steadily increasing.

Successful Collaborations and Investments

Completed acquisition of Greenhill, resulting in synergies and collaborations. Increased stake in Rakuten Securities to 49% to enhance asset management services.

Recognition and Awards

Ranked 7th in Forbes Japan's new best companies and 83rd in TIME's World Best Companies of 2024. Recognized for revenue increase, sustainability initiatives, and employee surveys.

Sustainability Initiatives

Steadily building up a track record with ¥34 trillion in sustainability finance. Announced a ¥2 trillion financing commitment for hydrogen projects.

Improved Asset Profitability

RORA increased from 3.1% to 3.3%. Cross-shareholdings reduced by ¥300 billion, and a reduction of ¥200 billion in the Employee Retirement Benefit Trust Fund.

DE:MZ8A Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 13, 2026	2026 (Q2)	0.18 / -	0.185	―
Jul 30, 2026	2026 (Q1)	0.13 / 0.13	0.141	-7.01% (>-0.01)
May 15, 2026	2025 (Q4)	0.08 / 0.11	0.015	594.12% (+0.09)
Feb 02, 2026	2025 (Q3)	0.12 / 0.15	0.133	15.54% (+0.02)
Nov 14, 2025	2025 (Q2)	0.13 / 0.19	0.126	46.81% (+0.06)
Jul 31, 2025	2025 (Q1)	0.12 / 0.14	0.136	3.29% (<+0.01)
May 15, 2025	2024 (Q4)	0.02 / 0.02	0.017	-10.53% (>-0.01)
Feb 03, 2025	2024 (Q3)	0.09 / 0.13	0.107	23.33% (+0.03)
Nov 14, 2024	2024 (Q2)	0.10 / 0.13	0.08	58.43% (+0.05)
Jul 31, 2024	2024 (Q1)	0.09 / 0.14	0.121	12.59% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed