Mizuho Financial Group MFG 2026Q1 Earnings Preview Upside Potential on Boosted Net Business Profits

Forward-Looking Analysis
Mizuho Financial Group is projected to report consolidated net business profits of JPY 1.07 trillion and net profits attributable to FG of JPY 750 billion for 2026Q1. The company is targeting early accomplishment of medium-term business plan final year goals for FY25, including net business profits between JPY 1-1.1 trillion and consolidated ROE of 8%. Analysts forecast Mizuho’s EPS for the fiscal quarter ending March 2025 at 0.13, reflecting management’s consistent performance against expectations. The firm’s annual cash dividend per share is estimated to increase by JPY 10 to JPY 115. Analysts are closely monitoring financial indicators such as the 10-year JGB yield at 1.20% and the Nikkei 225 index, projected at JPY 35,150, alongside a USD/JPY exchange rate of 135. These forecasts suggest a positive outlook based on substantial growth in net gains related to stocks and ordinary profits.

Historical Performance Review
In the fiscal quarter ending March 2025, Mizuho Financial Group reported a net income of $-298.57 billion and an EPS of $-104.22. The company did not disclose revenue or gross profit figures for this period, indicating challenges in maintaining profitability amidst market fluctuations. These results underscore the volatility Mizuho faced during the previous financial year.

Additional News
Recent data indicate that Mizuho Financial Group earnings were $4.1 billion for the trailing 12 months ending March 31, 2025, with a year-over-year growth decline of 33.9%. The company is preparing for its next earnings report release on July 30, 2025, reflecting a strategic focus on improving financial performance. Mizuho’s management has emphasized plans for strengthening its US-based entities, including MSUSA, to enhance operational efficiency. The firm continues to align its strategies with key financial metrics and analyst expectations, highlighting its commitment to achieving growth targets amidst challenging economic conditions.

Summary & Outlook
Mizuho Financial Group is demonstrating robust financial health with increased net business profits and strategic alignment with its medium-term goals. Growth catalysts include improved stock gains and ordinary profits, while risks remain in achieving projected net income and EPS targets. Given these dynamics, the outlook appears cautiously bullish, supported by targeted shareholder returns and a strong focus on enhancing operational efficiencies. The company’s strategic initiatives and favorable economic indicators suggest potential upside, positioning Mizuho to navigate market uncertainties effectively and bolster investor confidence.