Investor Presentation for FY24 H1 Apr.2024-Sep.2024 November 15, 2024 MIZUHO Mizuho Financial Group Innovating today. Transforming tomorrow. 2 Mizuho and Art Based on the concepts of "Feeling Energized by Art," "Making Art More Accessible," and "Changing yourself through Art," Mizuho, in collaboration with Tokyo University of the Arts, contributes to social innovation, and the overcoming of social challenges like improving gender equality and people's well- being, aiming to co-create a sustainable and abund ...

Financial Data and Key Metrics Changes - The company exceeded its final target for FY 2025 ahead of schedule, with a forecast of net business profit for FY24 of ¥1.17 trillion, an increase of ¥100 billion [11][68] - The Price-to-Book Ratio (PBR) improved from 0.79 at the end of October to approximately 0.86 [9] Business Line Data and Key Metrics Changes - The company reported a reduction of ¥1.1 trillion in low-profit deals and an increase of ¥1.6 trillion in high-profit business, resulting in a Return on Risk-Adjusted Assets (RORA) increase from 3.1% to 3.3% [15] - The Asset Under Management (AUM) in retail increased by ¥4.9 trillion, and NISA accounts rose by 120,000 [35] Market Data and Key Metrics Changes - The Americas market showed the largest wallet share, with a focus on efficient operations in EMEA, which has become somewhat smaller [24] - The company is diversifying its revenue sources, with a balanced structure of interest income, non-interest income, and sales and trading [25] Company Strategy and Development Direction - The company is focusing on sustainable growth through investments in five areas, including Greenhill and Rakuten [6] - There is a strong emphasis on enhancing asset and wealth management capabilities, particularly through collaboration with Rakuten Securities [45] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in asset and wealth management, indicating that there is still a gap compared to competitors like Nomura and Daiwa [76] - The company is optimistic about capturing corporate needs and enhancing proposals for mid-market SMEs, indicating a shift in the mindset of corporate CEOs in Japan [138] Other Important Information - The company announced a share buyback resolution of up to ¥100 billion and a dividend of ¥130 [64][67] - Mizuho was recognized as one of the best companies shaping the future, ranking seventh in Forbes Japan and 83rd in TIME's World Best Companies of 2024 [69] Q&A Session Summary Question: What are the next challenges for the company? - Management highlighted the need for regional collaboration and proactive management of large corporate clients, emphasizing the importance of understanding customer needs [75][78] Question: How does the collaboration with Rakuten Card work? - Management clarified that the collaboration is not seen as cannibalization but rather as a win-win situation, allowing both banks to grow and expand [79] Question: What is the long-term ROE expectation? - Management expects long-term ROE to be on a rising trend, aiming for 8% this year and potentially higher [82][84] Question: What is the direction for risk asset investment? - Management indicated a cautious approach to risk asset investment, focusing on generating returns and improving productivity [85] Question: How will capital allocation change? - Management stated that the company has entered a new phase where it can focus on balancing growth investment and shareholder return, with a CET1 ratio of 10.5% [90] Question: What is the strategy for consumer credit? - Management noted that while housing loans face fierce competition, collaboration with Rakuten could strengthen the card loan business [118][119] Question: How is the company addressing the global CIB model? - Management emphasized the need for regional characteristics in strategy and the importance of leveraging Greenhill's capabilities for cross-border M&A [127]

The world has been primarily focused on the decisions made by the United States Federal Reserve (the Fed), particularly regarding interest rates and the state of the economy. Given that inflation has been tamed sufficiently, the Fed has decided to cut interest rates at the most aggressive pace in 16 years. However, there’s a main event happening elsewhere.In Japan’s economy, which mainly depends on its manufacturing sector for exports like automobiles and steel, a shift in interest rates is setting up a com ...

As US inflation shows signs of slowing, the prediction of a "soft landing" for the economy has become a prevalent view on Wall Street. However, Japan's third-largest bank, Mizuho, warns that if this prediction proves wrong, it could lead to short-term market volatility. To brace for this, Mizuho is stockpiling easily sellable assets like US Treasuries. Kenya Koshimizu, Co-Head of Global Markets at Mizuho, has expressed concerns over the market's confidence in US policymakers' ability to curb inflation witho ...

Mizuho (MFG) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a changing ea ...

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Mizuho Americas today announced that Thierry Perrein has joined as Managing Director and Credit Strategist. He primarily covers REITs and Non-bank Financials, complementing Mizuho's integrated offerings in these sectors. He reports to Brian Connors, Managing Director and Head of Investment Grade (IG) Trading within Mizuho Americas' Fixed Income Division. "Mizuho continues to invest in our IG Credit Trading & Sales platform across content and sector capabilities," ...

winhorse I still rate Mizuho Financial Group, Inc. (NYSE:MFG) [8411:JP] stock as a Buy. MFG's strong earnings growth and meaningful ROE (Return On Equity) expansion in the latest quarter suggest that a higher P/B multiple for the stock is justified. My earlier update published on January 7, 2024 looked at a number of potential re-rating catalysts for MFG. For the current write-up, I review Mizuho Financial's recently disclosed Q1 FY 2024 (YE March 31, 2025) results and highlight the company's ROE improvemen ...

WUXI and SUZHOU, China, Aug. 1, 2024 /PRNewswire/ -- WuXi Biologics ("WuXi Bio") (2269.HK), a leading global Contract Research, Development and Manufacturing Organization (CRDMO), today announced that four manufacturing facilities and Suzhou Biosafety Testing Center in China have received Good Manufacturing Practice (GMP) certificates from the European Medicines Agency (EMA), demonstrating the company's commitment to meeting rigorous international industry quality standards across its global network. Follow ...

Investors interested in stocks from the Banks - Foreign sector have probably already heard of Mizuho (MFG) and ICICI Bank Limited (IBN) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. Currently, both Mizuho and ICICI Bank Limited are holding a Zacks Rank of # 2 (Buy). This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving e ...

NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- Mizuho Financial Group, Inc. hereby announces that it filed an annual report on Form 20-F with the U.S. Securities and Exchange Commission on June 26, 2024. Your name; Your mailing address; and Your e-mail address. A copy of the Form 20-F annual report can be obtained at https://www.mizuhogroup.com/investors/financialinformation/sec/form20f. Holders of Mizuho Financial Group, Inc. American Depository Receipts may request a complimentary hard copy of the completed ...