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Mizuho Reports Record Annual Profit Despite Tariff Challenges

Japan's third-largest lender posts ¥885 billion profit for FY 2025, forecasts higher earnings for FY 2026 while bracing for U.S. tariff impacts.

Signboards of MUFG Bank are seen in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/File Photo
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Overview

  • Mizuho Financial Group achieved a record annual profit of ¥885 billion in FY 2025, supported by Japan's exit from deflation and increased commercial loan demand.
  • The bank forecasts a 6.1% rise in net profit to ¥940 billion for FY 2026, despite estimating a ¥110 billion hit from U.S. tariffs announced in April 2025.
  • Fourth-quarter net profit for FY 2025 fell 18% year-on-year to ¥30.1 billion, reflecting volatility in global trade and subdued equity and M&A activity.
  • Mizuho plans a ¥100 billion share buyback and a full-year dividend of ¥145 per share, signaling confidence in its financial stability.
  • Annual bad loan costs are projected to rise significantly to ¥140 billion, up from ¥51.6 billion in the previous fiscal year, as part of a cautious capital management strategy.