Mizuho Financial Group Reports Q1 Earnings: Revenue Down 10.5%, Profit Up 4.0%

Mizuho Financial Group reported Q1 earnings with consolidated ordinary income of ¥2,130,048 million, a 10.5% decrease YoY. Ordinary profit increased 4.0% to ¥368,583 million, while profit attributable to owners of the parent rose 0.4% to ¥290,521 million. Comprehensive income increased 41.6% to ¥328,712 million, and earnings per share rose to ¥115.90. The company revised its fiscal 2025 earnings estimate, projecting a 15.1% increase in profit attributable to owners of the parent.

Mizuho Financial Group (MFG), a major Japanese banking institution, reported its Q1 FY2025 earnings with a mixed performance. The company's ordinary income declined by 10.5% year-over-year (YoY) to ¥2,130,048 million, while ordinary profit increased by 4.0% to ¥368,583 million. The profit attributable to owners of the parent rose by 0.4% to ¥290,521 million. Comprehensive income surged by 41.6% to ¥328,712 million, and earnings per share increased to ¥115.90 [2].

The company's total assets stood at ¥278,650,460 million, a slight decrease from the previous fiscal year. The own capital ratio improved to 3.7%. MFG revised its consolidated earnings estimates for FY2025, projecting a 15.1% increase in profit attributable to owners of the parent to ¥1,020,000 million [2].

MFG's results were bolstered by a comprehensive income increase of 41.6% to ¥328,712 million, signaling a strong recovery from the previous fiscal year's decline. The company's focus on leveraging its strengths in integrated financial services to meet diverse customer needs and maintain its competitive edge in the market is evident in its upward earnings projection for the fiscal year [2].

References:
[1] https://asianbankingandfinance.net/retail-banking/news/mizuhos-profits-12-193b-in-q1-fy2025
[2] https://www.tipranks.com/news/company-announcements/mizuho-financial-group-reports-mixed-q1-fiscal-2025-results