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Mizuho Financial Group
(8411)
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Rating:68Neutral
Price Target:
¥9,396.00
▲(8.86% Upside)
Action:Downgraded
Date:08/17/26
The score is driven primarily by improving FY2026 profitability and revenue growth, supported by a clear positive price trend and bullish MACD. Offsetting factors are high balance-sheet leverage and volatile cash-flow patterns, while valuation/dividend metrics appear only moderate based on the provided P/E and yield.
Positive Factors
Accelerating revenue and margin growth
Stronger top-line growth and wider margins indicate improved earnings capacity. If sustained, this combination can support higher retained capital and strengthen the group’s ability to invest across banking, securities and fee-based businesses.
Negative Factors
High balance-sheet leverage
Although leverage is typical for banking, the limited equity cushion increases sensitivity to asset-quality deterioration and weaker profitability. Higher leverage may constrain flexibility if credit losses rise or capital requirements become more demanding.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue and margin growth
Stronger top-line growth and wider margins indicate improved earnings capacity. If sustained, this combination can support higher retained capital and strengthen the group’s ability to invest across banking, securities and fee-based businesses.
Read all positive factors
Mizuho Financial Group (8411) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥20.27T
Dividend Yield1.74%
Average Volume (3M)7.80M
Price to Earnings (P/E)14.9
Beta (1Y)1.49
Revenue Growth5.93%
EPS Growth59.55%
CountryJP
Employees52,427
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)560.71
Shares Outstanding2,442,832,000
10 Day Avg. Volume7,504,100
30 Day Avg. Volume7,804,276
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)1.34
Price to Sales (P/S)1.69
P/FCF Ratio32.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥9,500.00Price Target Upside10.07% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)592.79
Revenue Forecast (FY)¥4.11T
Mizuho Financial Group Business Overview & Revenue Model
Company Description
Mizuho Financial Group, Inc. is a global financial services conglomerate, operating with its subsidiaries across Japan, the Americas, Europe, Asia/Oceania, and other international markets. The group's extensive operations span banking, trust servi...
How the Company Makes Money
Mizuho Financial Group makes money primarily through diversified financial-service revenue streams generated by its banking, trust, and securities businesses. A major earnings driver is net interest income: it takes deposits and other funding, ext...
Mizuho Financial Group Earnings Call Summary
Earnings Call Date:Nov 14, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Positive
The earnings call presents a positive financial outlook with significant achievements in growth and integration efforts, particularly with Greenhill and Rakuten. However, challenges remain in the asset and wealth management sector and rising expenses.Positive Updates
Exceeded Medium-Term Business Plan Targets
Mizuho Financial Group exceeded their final target for FY 2025 ahead of time in the first half of the medium-term business plan.
Negative Updates
Challenges in Asset and Wealth Management
The asset and wealth management sector is not performing as expected, with performance gaps compared to competitors.
Read all updates
Q2-2024 Updates
Positive
Negative
Exceeded Medium-Term Business Plan Targets
Mizuho Financial Group exceeded their final target for FY 2025 ahead of time in the first half of the medium-term business plan.
Read all positive updates
Company Guidance
In the recent investor presentation for the first half of fiscal year 2024, Mizuho Financial Group reported exceeding their final financial targets for FY 2025 ahead of schedule. The company announced a forecasted net business profit of ¥1.17 trillion for FY24, reflecting a ¥100 billion increase. Key strategic focuses include solidifying sustainable growth, enhancing competitive edge, and optimizing capital use. Mizuho emphasized improvements in asset profitability, noting a reduction of ¥1.1 trillion in low-profit deals and an increase of ¥1.6 trillion in high-profit business, with RORA rising from 3.1% to 3.3%. Additionally, the CET1 ratio reached 10.5%, allowing for a balanced approach to growth investments and shareholder returns. An important strategic move was the increased stake in Rakuten Securities to 49%, aimed at strengthening asset and wealth management capabilities. The group also highlighted the importance of operational stability, the need for a distinctive business portfolio, and initiatives to enhance their competitive edge, such as leveraging synergies with Greenhill.Mizuho Financial Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.94T | 8.95T | 8.60T | 7.86T | 4.89T | 2.84T |
| Gross Profit | 4.39T | 4.38T | 3.59T | 2.86T | 2.58T | 2.28T |
| EBITDA | 1.84T | 1.86T | 1.40T | 1.13T | 945.90B | 769.51B |
| Net Income | 1.38T | 1.25T | 885.43B | 678.99B | 555.53B | 530.48B |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 52.90T | 92.67T | 10.00T> | 10.00T> | 86.46T | 70.60T |
| Total Debt | 68.03T | 66.57T | 60.89T | 58.95T | 45.34T | 40.96T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 11.51T | 11.32T | 10.44T | 10.23T | 9.13T | 9.08T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 459.98B | -4.17T | 326.33B | 8.68T | 4.78T |
| Operating Cash Flow | 0.00 | 556.67B | -3.82T | 389.46B | 8.87T | 4.92T |
| Investing Cash Flow | 0.00 | -14.35T | 3.79T | -9.10T | 6.61T | -1.86T |
| Financing Cash Flow | 0.00 | 1.75T | -299.03B | 12.42T | -611.14B | -522.06B |
Mizuho Financial Group Technical Analysis
Positive
8631.00
Price Trends
8217.78
Positive
7619.73
Positive
6854.05
Positive
Market Momentum
9.64
Positive
51.84
Neutral
40.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8411, the sentiment is Positive. The current price of 8631 is above the 20-day moving average (MA) of 8305.00, above the 50-day MA of 8217.78, and above the 200-day MA of 6854.05, indicating a bullish trend. The MACD of 9.64 indicates Positive momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 40.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8411.
Mizuho Financial Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥20.27T | 14.90 | 11.34% | 1.68% | 5.93% | 59.55% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ¥5.63T | 20.78 | 9.00% | 1.23% | 17.19% | 19.44% | |
65 Neutral | ¥4.89T | 13.31 | 9.57% | 2.69% | 5.33% | 33.82% | |
58 Neutral | ¥11.59T | 19.72 | 5.71% | 2.17% | 39.22% | 43.01% | |
57 Neutral | ¥468.50B | 15.33 | 5.47% | 3.03% | 12.37% | 60.15% | |
51 Neutral | ¥6.74T | 15.93 | 3.96% | 2.01% | 0.32% | 27.66% |
* Financial Sector Average
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Mizuho Financial Group Corporate Events
Mizuho Financial Group Boosts Capital Ratios as of June 30, 2026
Aug 14, 2026
Mizuho Financial Group reported solid capital adequacy as of June 30, 2026, with its consolidated total capital ratio rising to 17.74%, Tier 1 capital ratio to 15.94% and common equity Tier 1 ratio to 13.51%, supported by increases in total capita...
Mizuho Advances ¥200 Billion Share Buyback Program
Aug 3, 2026
Mizuho Financial Group has reported progress on its ongoing share repurchase program, buying 3,845,100 common shares for approximately ¥31.8 billion between July 1 and July 31, 2026 through market purchases using a trust method. This latest t...
Mizuho Doubles Share Buyback to ¥200 Billion and Extends Cancellation Timeline
Jul 30, 2026
Mizuho Financial Group has amended its previously announced share repurchase and cancellation program, expanding both the size and duration of its buyback. The board has increased the maximum repurchase to 35 million shares, equivalent to about 1....
Mizuho lifts full-year profit outlook after robust Q1 earnings
Jul 30, 2026
Mizuho Financial Group reported strong consolidated results for the first quarter of fiscal 2026, with ordinary income rising 18.3% year on year to ¥2.52 trillion and profit attributable to owners of the parent jumping 45.5% to ¥422.9 bi...
Mizuho Advances Share Buyback, Repurchasing Over 5.3 Million Shares
Jul 1, 2026
Mizuho Financial Group has reported progress on its ongoing share buyback program, repurchasing 3,217,600 common shares for approximately ¥24.8 billion between June 1 and June 30, 2026 through market purchases using a trust method. This activ...
Mizuho to Inject ¥2.9 Billion into Board Share Incentive Trust
Jul 1, 2026
Mizuho Financial Group has approved an additional cash contribution to its Board Benefit Trust, a stock-based compensation scheme for directors and executive officers across the group. The move is aimed at securing sufficient shares for future dis...
Mizuho Financial Group Doubles Profit as Revenue and Assets Climb in Fiscal 2025
Jun 28, 2026
Mizuho Financial Group reported strong consolidated results under U.S. GAAP for the fiscal year ended March 31, 2026, with total revenue rising to ¥8.79 trillion from ¥8.17 trillion a year earlier. Net income attributable to Mizuho share...
Mizuho Weighs Cutting Investment Unit Size to Broaden Investor Base
Jun 12, 2026
Mizuho Financial Group has stated that it views reducing its investment unit size as an effective means to broaden its investor base and improve share liquidity. The disclosure follows Tokyo Stock Exchange rules triggered when the minimum investme...
Mizuho Financial Group Reports Early Progress on ¥100 Billion Share Buyback
Jun 1, 2026
Mizuho Financial Group has reported progress on its ongoing share buyback program, repurchasing 2,085,100 common shares for approximately ¥14.8 billion between May 18 and May 31, 2026, through market purchases using a trust method. This activ...
Mizuho Backs Withdrawal of Shareholder Proposal on Orient Corporation Risks
May 28, 2026
Mizuho Financial Group has received and accepted a request from two shareholders to withdraw their joint proposal for a partial amendment to the Articles of Incorporation related to risks associated with the consolidation of Orient Corporation. Th...
Mizuho Bank and Rakuten Bank Forge Strategic Alliance to Build New Credit Model
May 20, 2026
Mizuho Bank and Rakuten Bank have agreed a strategic capital and business alliance aimed at creating a new credit creation model that links a megabank’s corporate lending capabilities with a digital bank’s retail deposit base. The part...
Mizuho Says No Decision Yet on Potential Investment in Rakuten Bank
May 17, 2026
Mizuho Financial Group clarified that recent reports in the Yomiuri Shimbun about its alleged investment in Rakuten Bank were not based on any announcement from the company. The group emphasized that, while it is examining various options in conne...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.