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 ...

Core Points - Mizuho Financial Group, Inc. filed its annual report on Form 20-F with the U.S. Securities and Exchange Commission on June 26, 2024 [1] - The Form 20-F annual report is available for access on the company's investor relations website [2] - Holders of Mizuho Financial Group, Inc. American Depository Receipts can request a complimentary hard copy of the audited financial statements via email [2]

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 ...

Financial Performance and Risks - The company recorded significant trading account losses for the fiscal years ended March 31, 2022, and 2023, primarily due to holdings of foreign bonds following U.S. interest rate rises since early 2022[71]. - A downgrade in the company's credit ratings could result in increased funding costs of approximately ¥11.8 billion for a one-notch downgrade and ¥29.2 billion for a two-notch downgrade[49]. - The company holds substantial investments in marketable equity securities, mainly common stock of Japanese listed companies, and has sold a portion of such investments to mitigate stock market volatility risk[70]. - The company manages interest rate risk through adjustments in the composition of its bond portfolio and the utilization of derivatives and other hedging methods[71]. - The company is subject to risks related to dividend distributions and potential increases in pension-related costs due to revised assumptions or changes in pension plans[54]. - The company has a significant credit exposure to customers in the real estate and manufacturing industries, which could lead to an increase in problem loans if the credit profiles of these customers deteriorate[42]. - The company relies on deposits and bonds as its primary funding sources, with a significant portion of foreign currency funding coming from capital markets[73]. - The company is designated as a G-SIB and is subject to total loss absorbing capacity (TLAC) regulations, which could require corrective actions if capital adequacy ratios fall below specified levels[52]. - The company faces risks from international conflicts and geopolitical disruptions, which may adversely affect its business operations[37]. - The company has implemented measures to protect against cyber-attacks, but remains vulnerable to potential breaches that could disrupt operations and harm its reputation[58]. - The company is subject to capital adequacy regulations based on Basel III rules, with transitional arrangements applicable from the end of March 2024[78]. - The company must maintain capital adequacy ratios above minimum required levels to avoid material adverse effects on its financial condition[77]. - The implementation of leverage ratio regulations for G-SIBs has been effective since the end of March 2023, with amendments to the calculation method effective from March 2024[81]. - The company has faced system failures that disrupted customer transactions, leading to business improvement orders from the Financial Services Agency[88]. - The company’s financial condition could be adversely affected by reputational damage or regulatory actions due to failures in protecting confidential information[91]. Cybersecurity and Compliance - The company is enhancing its cybersecurity measures and anti-money laundering systems to comply with increasing regulatory standards[98]. - The company emphasizes the importance of compliance with laws and regulations to avoid reputational harm and regulatory actions[114]. - The company has established internal controls over financial reporting in compliance with the Sarbanes-Oxley Act and SEC regulations, but there is a risk of losing investor confidence if these controls are found inadequate[136]. - Significant resources are devoted to risk management policies, but the effectiveness of these policies may be compromised due to rapid operational changes, potentially leading to adverse financial impacts[137]. - The company is enhancing its cybersecurity framework to prevent disruptions and protect sensitive information from cyber-attacks[120][122]. Strategic Initiatives and Business Development - The company announced a medium-term business plan for the three fiscal years ending March 31, 2026, focusing on strategic initiatives and risk management[117]. - The company aims to double asset-based income and expand its asset formation business, leveraging Nippon Individual Savings Accounts (NISAs) to enhance customer experience and attract stable personal deposits[149]. - The company is focused on enhancing the competitiveness of Japanese companies by providing support for business transformation and strategic approaches for mid-cap clients[150]. - A financing framework is being established to support industry transitions and new technologies, with a proactive investment strategy in growth fields like the Americas and Asia[151]. - The company is enhancing its corporate foundations through culture transformation and improved employee engagement, aiming for a supportive working environment[152]. - Digital transformation initiatives are being implemented to improve productivity and develop employees capable of realizing the company's digital strategy[154]. - In April 2023, the company established a venture capital firm, Mizuho Innovation Frontier Co., Ltd., to promote business and technological advancements within the group[167]. - The integration of asset management functions with The Dai-ichi Life Insurance Company led to the formation of Asset Management One Co., Ltd., enhancing asset management capabilities[165]. - The company has undergone multiple mergers and realignments since its inception in 2000, continuously evolving its structure to improve service delivery and operational efficiency[142]. - The company established a corporate venture capital firm, Mizuho Innovation Frontier Co., Ltd., to accelerate new business initiatives and technological development[170]. - The company acquired Greenhill, a U.S. M&A advisory firm, to strengthen its global Corporate & Investment Banking (CIB) business[170]. - The company is promoting the new Nippon Individual Savings Accounts (NISAs) with various promotional initiatives, including face-to-face and website promotions[170]. - The medium-term business plan from FY2023 to FY2025 focuses on co-creating value-added solutions to support clients and address social issues[173]. - The company aims to enhance customer convenience through collaboration with other companies and advanced technologies[177]. - The company is expanding its solution domains using digital technology and open collaboration with third parties[172]. - The company is enhancing its asset management capabilities in collaboration with group companies for diversified global investments[207]. - The company is addressing urgent business succession and asset inheritance needs due to the aging of Japanese business owners[217]. - The company is focusing on improving profitability by diversifying its product lineup and reforming its cost structure[179]. - Mizuho Americas LLC completed the acquisition of U.S. M&A advisory firm Greenhill & Co., Inc., enhancing its M&A advisory business and diversifying financial solutions[226]. - The company aims to support Japanese corporate customers in expanding overseas operations, particularly in Asia, by offering specialized services and advisory[224]. - Through the Global 300 Strategy, Mizuho is focusing on approximately 300 blue-chip non-Japanese companies to provide LCM/DCM financing and financial solutions in Asia[225]. - The Global Markets Company engages in sales and trading services for a wide range of customers, including individuals and institutional investors, to meet risk hedging and asset management needs[227]. - Mizuho is promoting the integration of banking and securities functions to expand its product lineup and diversify revenue sources[228]. - The company is committed to sustainability across various functions, including sales, trading, investment, and fundraising[230]. - Mizuho aims to enhance asset allocation and product lineup to establish a stable profit base while providing appropriate investment opportunities for different risk appetites[231]. - The company is actively engaging in Public Private Partnerships/Private Finance Initiatives (PPP and PFI) projects to revitalize rural regions in Japan[222]. - Mizuho is positioned as a value co-creation partner for customers, helping them achieve sustainable growth through in-depth industry and product-specific knowledge[223]. Sustainability and Climate Change - The company aims to achieve a low-carbon society by 2050, implementing initiatives to address climate change and enhance risk management[100]. - The company recognizes client investment in technological and business model development for decarbonization as a significant business opportunity[101]. - The company conducts scenario analysis of transition and physical risks, including a 1.5°C scenario, to enhance strategic resilience against climate change impacts[102]. - The company has established a Risk Appetite Framework (RAF) to manage risks, including climate-related risks, and has identified "worsening impact of climate change" as a top risk[128][129]. - The company has implemented a "Basic Policy for Climate-related Risk Management" to mitigate negative environmental impacts through investments and loans[130]. - The company aims to improve corporate value through sustainability initiatives that address materiality and stakeholder expectations[131].

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Mizuho Americas today announced the hiring of Steven Valiquette as Managing Director and Senior Equity Research Analyst, covering Health Care Technology & Distribution. Based in New York, Valiquette reports to the Head of Americas Equity Research, Bill Featherston. Valiquette has more than 25 years of experience covering the Health Care sector and has been ranked in the top five in Health Care Technology & Distribution in the Institutional Investor's All-America R ...