Banking

Mizuho Financial Group, Inc.

Mizuho Financial Group Forecasts FY2026 Profit of 1.3 Trillion Yen, Raises Dividend and Plans Share Buyback

Mizuho Q4 Profit Surges 661%, Plans $7B Share Buyback

Mizuho Bank Forecasts Full-Year Net Profit of 1.30 Trillion Yen

Mizuho Bank and VISA Collaborate to Launch Cashless Payment Services in Japan

Mizuho Raises Preferred Floating Mortgage Rate to 1.025%

Mizuho Plans to Use AI to Boost Operational Efficiency

Mizuho Financial Group Plans to Replace 5,000 Clerical Positions with AI in the Next Decade

JFSA Raids Mizuho Securities Tokyo Headquarters

Mizuho Securities Faces Insider Trading Investigation

Mizuho Financial Group's brokerage unit under investigation by Japanese financial regulators

Mizuho Financial Group increases share repurchase amount to 30 billion yen

Mizuho Financial Group Reports Q3 Net Profit Above Expectations

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RKUNY

Rakuten Bank's shares surged 10.4% in Tokyo after Mizuho Financial Group announced it is considering an investment in the online lender as part of Rakuten Group's financial overhaul. Mizuho's potential involvement could enhance the value of Rakuten's financial ecosystem, which includes significant stakes in Rakuten Card and Rakuten Securities. Rakuten Bank, with total assets of 16.6 trillion, has seen its customer accounts rise to 18 million, reflecting a growing financial presence.

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Rakuten Group, Inc.

Mizuho Financial

Lotte Group

Rakuten Bank Surges 10.4% As Mizuho Weighs Investment

Mizuho Financial Group reported a record annual profit of 1.25 trillion yen, a 41% increase, yet its stock fell nearly 7% following media speculation about potential investments in Rakuten's fintech operations. Despite strong earnings and a 100 billion yen share buyback, investor uncertainty regarding Mizuho's capital commitments to Rakuten overshadowed the positive financial results.

Invezz

Mizuho stock tumble after 660% profit jump: what's rattling investors?

Rakuten Bank has clarified that a report regarding Mizuho Financial Group's investment is not official and did not originate from them. The bank is reviewing a potential reorganization of its FinTech business but has made no decisions yet. It will disclose any significant developments in due course. The current analyst rating for Rakuten Bank's stock is a Hold with a price target of Yen7680.00.

Tip Ranks

Rakuten Bank Denies Making Any Decision on Reported Mizuho Investment

Mizuho Financial Group, Inc. Sponsored stock's average price target has been adjusted from $9.88 to $10.05, indicating a potential upside of approximately 13%. The consensus rating remains 'Buy' among 11 analysts, with 9 Buys, 1 Hold, and 1 Sell.

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Factset Research

Mizuho Financial Group, Inc. Sponosred Stock 12‑Month Price Target Cut to $9.81, Implies 11% Upside

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Mitsubishi UFJ Financial Group and Mizuho Financial Group are targeting record profits of 2.7 trillion and 1.3 trillion yen, respectively, for the year ending March 2027, driven by rising interest rates. However, concerns over the Iran war and its impact on energy costs could affect credit quality and loan demand. Both banks have set aside significant provisions for related risks, while also planning share buybacks. Despite record profit targets, growth may slow due to external conflicts.

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial

Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial

Japan Banks Target Record 5.7 Trillion Profit Despite Iran War Risks

MUFG

Mitsubishi UFJ Financial Group and Mizuho Financial Group project record profits for the upcoming year, with MUFG expecting a net income increase of 11% to 2.7 trillion yen and Mizuho forecasting a 4% rise to 1.3 trillion yen. Both banks plan to buy back shares worth up to 100 billion yen. However, the ongoing Middle East conflict poses risks to Japan's economy, potentially affecting credit quality and demand.

Businesstimes News

Japan’s biggest banks expect another year of record profit