Mizuho Financial Group (MZHOF.OB), a Japanese banking holding company, Wednesday posted net income of 678.993 billion or 267.88 yen per share for the full year, 22.2 percent higher than 555.527 billion yen or 219.19 yen per share last year, mainly helped by growth in Interest Income, Fee and Commission Income, and Trading Income.
Interest income rose to 5,772.536 billion yen from 3,178.214 billion yen last year. Fee and Commission Income increased to 1,060.235 billion yen from 915.534 billion yen, and Trading Income grew to 1,090.397 billion yen from 992.631 billion yen.
Ordinary income increased 51.3 percent to 8,744.458 billion yen from 5,778.772 billion yen in the previous year.
Net assets as of March 31, 2024 were 10,312.135 billion yen or 4,037.28 yen per share, up from 9,208.463 billion yen or 3,603.98 yen per share a year ago.
Additionally, Mizuho has declared a year-end dividend of 55.00 yen per share, to be paid from June 6.
For fiscal 2024, the company expects net profit to grow 10.4 percent to 750.000 billion yen. Earnings per share is expected to be 295.79 yen for the year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.