Mizuho Financial Group Future Growth

Future criteria checks 1/6

Mizuho Financial Group is forecast to grow earnings and revenue by 5.4% and 1.8% per annum respectively. EPS is expected to grow by 5.9% per annum. Return on equity is forecast to be 8.3% in 3 years.

Key information

5.4%

Earnings growth rate

5.9%

EPS growth rate

Banks earnings growth	0.3%
Revenue growth rate	1.8%
Future return on equity	8.3%
Analyst coverage	Good
Last updated	15 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:MZ8 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	3,126,613	924,441	N/A	N/A	7
3/31/2026	2,966,164	865,008	N/A	N/A	7
3/31/2025	2,816,462	804,086	N/A	N/A	7
9/30/2024	3,151,613	829,381	N/A	N/A	N/A
6/30/2024	3,300,875	723,101	N/A	N/A	N/A
3/31/2024	3,122,105	678,993	-554,280	-298,509	N/A
12/31/2023	3,666,193	654,570	N/A	N/A	N/A
9/30/2023	3,630,057	637,316	N/A	N/A	N/A
6/30/2023	2,861,070	641,425	N/A	N/A	N/A
3/31/2023	2,779,216	555,527	2,078,659	2,261,835	N/A
12/31/2022	2,940,436	595,100	N/A	N/A	N/A
9/30/2022	2,626,161	478,786	-6,898,903	-6,735,131	N/A
6/30/2022	2,844,665	439,232	N/A	N/A	N/A
3/31/2022	2,805,932	530,479	2,183,600	2,322,381	N/A
12/31/2021	2,515,381	595,272	N/A	N/A	N/A
9/30/2021	2,473,253	641,154	6,697,952	6,884,561	N/A
6/30/2021	2,433,275	599,186	N/A	N/A	N/A
3/31/2021	2,455,289	471,020	12,157,843	12,374,003	N/A
12/31/2020	2,457,443	399,009	N/A	N/A	N/A
9/30/2020	2,441,861	376,423	1,764,615	2,004,408	N/A
6/30/2020	2,439,203	408,505	N/A	N/A	N/A
3/31/2020	2,411,712	448,568	-6,431,197	-6,197,490	N/A
12/31/2019	2,559,370	90,600	N/A	N/A	N/A
9/30/2019	2,450,143	24,874	-10,741,509	-10,570,257	N/A
6/30/2019	2,545,036	97,989	N/A	N/A	N/A
3/31/2019	2,555,627	96,566	-5,597,153	-5,442,855	N/A
12/31/2018	2,596,730	510,773	N/A	N/A	N/A
9/30/2018	2,769,420	619,262	1,285,918	1,464,012	N/A
6/30/2018	2,809,851	619,272	N/A	N/A	N/A
3/31/2018	2,715,720	576,547	N/A	-3,204,611	N/A
12/31/2017	2,748,252	574,592	N/A	N/A	N/A
9/30/2017	2,725,006	562,006	N/A	-8,825,487	N/A
6/30/2017	2,620,532	589,195	N/A	N/A	N/A
3/31/2017	2,676,935	603,544	N/A	-9,390,592	N/A
12/31/2016	2,669,318	655,118	N/A	N/A	N/A
9/30/2016	2,640,981	643,939	N/A	-4,957,942	N/A
6/30/2016	2,666,436	643,136	N/A	N/A	N/A
3/31/2016	2,759,921	668,514	N/A	-1,465,540	N/A
12/31/2015	2,792,215	601,850	N/A	N/A	N/A
9/30/2015	2,817,118	634,493	N/A	-1,463,378	N/A
6/30/2015	2,901,102	610,319	N/A	N/A	N/A
3/31/2015	2,733,641	607,025	N/A	-3,161,014	N/A
12/31/2014	2,557,227	641,755	N/A	N/A	N/A
9/30/2014	2,585,789	607,216	N/A	-1,162,047	N/A
6/30/2014	2,517,611	588,441	N/A	N/A	N/A
3/31/2014	2,530,119	681,671	N/A	-2,897,808	N/A
12/31/2013	2,537,782	720,052	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MZ8's forecast earnings growth (5.4% per year) is above the savings rate (1%).

Earnings vs Market: MZ8's earnings (5.4% per year) are forecast to grow slower than the German market (21.1% per year).

High Growth Earnings: MZ8's earnings are forecast to grow, but not significantly.

Revenue vs Market: MZ8's revenue (1.8% per year) is forecast to grow slower than the German market (5.6% per year).

High Growth Revenue: MZ8's revenue (1.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MZ8's Return on Equity is forecast to be low in 3 years time (8.3%).

Mizuho Financial Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Mizuho Financial Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025

Mizuho Financial Group, Inc. Provides Consolidated Earnings Guidance for Fiscal 2022

Mizuho Financial Group, Inc. Provides Consolidated Earnings Guidance for Fiscal 2022

Mizuho Financial Group, Inc. Provides Consolidated Earnings Guidance for Fiscal 2022

Mizuho Financial Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022

Recent updates

Second quarter 2025 earnings released: EPS: JP¥109 (vs JP¥67.29 in 2Q 2024)

Mizuho Financial Group, Inc. (TSE:8411) agreed to acquire 14.99% stake in Rakuten Card Co.,Ltd. from Rakuten Group, Inc. (TSE:4755) for approximately ¥170 billion.

Mizuho Financial Group, Inc. (TSE:8411) announces an Equity Buyback for 50,000,000 shares, representing 1.97% for ¥100,000 million.

Mizuho Financial Group, Inc. (TSE:8411) agreed to acquire 14.99% stake in Rakuten Card Co.,Ltd. from Rakuten Group, Inc. (TSE:4755).

Nomura Holdings and Mizuho Financial Group Reportedly Leading Bidders for Avendus Capital

Upcoming dividend of JP¥57.50 per share

Carlyle, Mizuho & Premji Invest Reportedly Aim for Avendus

Mizuho Financial Group, Inc. to Report Q2, 2025 Results on Nov 14, 2024

Citius Oncology, Inc. completed the acquisition of TenX Keane Acquisition (NasdaqGM:TENK) from 10XYZ Holdings LP, Hudson Bay Capital Management LP, Wolverine Asset Management, LLC, Mizuho Financial Group, Inc. and others in a reverse merger transaction.

Mizuho Reportedly Plans to Say No to Yes Bank Deal

Investor sentiment deteriorates as stock falls 21%

New minor risk - Share price stability

First quarter 2025 earnings released: EPS: JP¥114 (vs JP¥96.75 in 1Q 2024)

Mizuho Financial Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025

Final dividend of JP¥57.50 announced

High number of new directors

Mizuho Financial Group, Inc. to Report Q1, 2025 Results on Jul 31, 2024

Full year 2024 earnings released: EPS: JP¥268 (vs JP¥219 in FY 2023)

Mizuho Financial Reportedly in Talks to Buy KKR’s Part Stake in InCred Finance

Mizuho Financial Group, Inc. Announces Dividend for Fiscal Year 2023, Effective June 6, 2024; Provides Dividend Guidance for the Interim and Year End of Fiscal Year 2024

Now 20% overvalued after recent price rise

Upcoming dividend of JP¥50.00 per share

Mizuho Financial Group, Inc. to Report Fiscal Year 2024 Results on May 15, 2024

Nature's Miracle Inc. completed the acquisition of Lakeshore Acquisition II Corp. (NasdaqGM:LBBB) from a group of shareholders in a reverse merger transaction.

Now 21% overvalued after recent price rise

Ethereal Tech PTE. Ltd (BitFuFu) acquired Arisz Acquisition Corp. (NasdaqGM:ARIZ) from a group of shareholders in a reverse merger transaction.

Mizuho Financial Group, Inc. Announces Change in Representative Executive Officer

Adagio Medical, Inc. entered a definitive agreement to acquire ARYA Sciences Acquisition Corp IV (NasdaqCM:ARYD) from ARYA Sciences Holdings IV, Perceptive Advisors LLC and Others for $26.736 million.

Third quarter 2024 earnings released: EPS: JP¥89.38 (vs JP¥82.59 in 3Q 2023)

Mizuho Financial Group, Inc. Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2024

Now 24% overvalued after recent price rise

Mizuho Financial Group, Inc. to Report Q3, 2024 Results on Feb 02, 2024

Nukkleus Inc. (OTCPK:NUKK) completed the acquisition of Brilliant Acquisition Corporation (NasdaqCM:BRLI) from Nisun Investment Holding Limited and others in a reverse merger transaction.

Mizuho Financial Group, Inc. Revises Interim Dividend for the Six Months Ended September 30, 2023, Payable on December 6, 2023; Revises Year End Dividend Guidance for the Fiscal Year Ending March 31, 2024

Mizuho Financial Group Reportedly Plans to increase its Stake in Rakuten Securities to Nearly 50% with an Expected Investment of about JPY 90 Billion

Mizuho Financial Group, Inc. to Report Q2, 2024 Results on Nov 13, 2023

Upcoming dividend of JP¥47.50 per share at 3.6% yield

Environmental Solutions Group Holdings Limited acquired Genesis Unicorn Capital Corp. (NasdaqGM:GENQ) from a group of shareholders in a reverse merger transaction.

Mizuho Financial Group Inc Hires Jeff Jaenicke as Managing Director and Head of Private - Equity Lp Fund Financing

Mizuho Financial Group, Inc. Provides Dividend Guidance for the Second Quarter and Fiscal Year Ending March 31, 2024

First quarter 2024 earnings released: EPS: JP¥96.75 (vs JP¥62.86 in 1Q 2023)

Less than half of directors are independent

New minor risk - Dividend sustainability

Mizuho Financial Group, Inc. to Report Q1, 2024 Results on Jul 31, 2023

Full year 2023 earnings released: EPS: JP¥219 (vs JP¥209 in FY 2022)

Full year 2023 earnings released: EPS: JP¥219 (vs JP¥209 in FY 2022)

Mizuho Financial Group, Inc., Annual General Meeting, Jun 23, 2023

Upcoming dividend of JP¥42.50 per share at 4.6% yield

Investor sentiment deteriorates as stock falls 16%

Ocean Biomedical, Inc. completed the acquisition of Aesther Healthcare Acquisition Corp. (NasdaqGM : AEHA) from a group of shareholders in a reverse merger transaction.

Ocean Biomedical, Inc. completed the acquisition of Aesther Healthcare Acquisition Corp. (NasdaqGM : AEHA) from a group of shareholders in a reverse merger transaction.

Mizuho Financial Group, Inc. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023

Third quarter 2023 earnings released: EPS: JP¥82.59 (vs JP¥36.69 in 3Q 2022)

Mizuho Financial Group, Inc. to Report Q3, 2023 Results on Feb 02, 2023

Second quarter 2023 earnings released: EPS: JP¥68.92 (vs JP¥53.30 in 2Q 2022)

High number of new directors

Platform Business and IFA Business of Convoy Global Holdings Limited completed the acquisition of AGBA Acquisition Limited (NasdaqCM:AGBA) from Agba Holding Limited and others in a reverse merger transaction.

Mizuho Financial Group, Inc. Provides Consolidated Earnings Guidance for Fiscal 2022

Mizuho Financial Group, Inc. (TSE:8411) completed the acquisition of 20% stake in Rakuten Securities, Inc. from Rakuten Card Co.,Ltd.

Mizuho Financial Group, Inc. (TSE:8411) agreed to acquire 20% stake in Rakuten Securities, Inc. from Rakuten Card Co.,Ltd. for $554 million.

Upcoming dividend of JP¥40.00 per share

E la Carte, Inc. (Presto) completed the acquisition of Ventoux CCM Acquisition Corp. (NasdaqCM:VTAQ) from a group of sellers in a reverse merger transaction.

Mizuho Financial Group, Inc. to Report Q2, 2023 Results on Nov 14, 2022

First quarter 2023 earnings released: EPS: JP¥62.86 (vs JP¥98.82 in 1Q 2022)

Mizuho Financial Group, Inc. Provides Consolidated Earnings Guidance for Fiscal 2022

Mizuho Financial Group, Inc. Announces Change of Executive Officer, Effective from September 1, 2022

Mizuho Financial Group, Inc. to Report Q1, 2023 Results on Jul 29, 2022

Mizuho Financial Group, Inc. Announces Cash Dividend, Payable on June 06, 2022

Full year 2022 earnings released: EPS: JP¥209 (vs JP¥186 in FY 2021)

Mizuho Financial Group, Inc. Provides Consolidated Earnings Guidance for Fiscal 2022