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Mizuho Financial, Net Income Forecast for the Fiscal Year Revised Upward by 11%, Raises Record High Profit Forecast

Fri Nov 14, 2025 3:30 pm JST Earnings

8411 Mizuho Financial Group, Inc. 【J-GAAP】

Earnings Report

Mizuho Financial Group, Inc. <8411> [TSE Prime] announced its financial results after the market closed on November 14th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 21.9% from the same period last year, reaching 0.68 trillion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 10.8%, from the previous forecast of 1.02 trillion yen to 1.13 trillion yen (compared to 0.88 trillion yen in the previous period), increasing the growth rate from 15.2% to 27.6%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand 37.8% from the same period last year, reaching 0.44 trillion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 44.3% from the same period last year, reaching 0.39 trillion yen.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 4,244,507 574,093 415,753 164.0 62.8 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 4,585,215 747,079 566,141 223.4 64.0 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 4,337,537 849,626 689,947 276.2 Nov 14, 2025 J-GAAP
YoY -5.4% +13.7% +21.9% +23.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 72.50 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 4,337,537 849,626 689,947 276.2 72.50 Nov 14, 2025 J-GAAP
Revision Rate

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,020,000 411.4 145 Jul 31, 2025 J-GAAP
Mar, 2026 New 1,130,000 455.7 145 Nov 14, 2025 J-GAAP
Revision Rate +10.8% +10.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 4,445,159 421,062 319,292 126.3 75 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 440,053 177.5 72.50 Nov 14, 2025 J-GAAP
YoY +37.8% +40.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 8,744,458 914,047 678,993 267.9 105 May 15, 2024 J-GAAP
Mar, 2025 9,030,374 1,168,141 885,433 350.2 140 May 15, 2025 J-GAAP
Mar, 2026 Guidance 1,130,000 455.7 145 Nov 14, 2025 J-GAAP
YoY +27.6% +30.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,204,316 392,696 276,841 109.2 0.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,488,306 379,459 289,233 114.2 0.0 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 1,956,853 41,603 30,059 11.9 0.0 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,130,048 368,583 290,521 115.9 0.0 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 2,207,489 481,043 399,426 159.9 0.0 Nov 14, 2025 J-GAAP
YoY +0.1% +22.5% +44.3% +46.4%

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