Mizuho’s profits up 1.2% to $1.93b in Q1 FY2025

MFG has revised its full-year earnings outlook upward.

Mizuho Financial Group (MFG) reported a profit attributable to owners of the parent of $1.93b (JPY290.5b) in Q1 FY2025 that ended on 31 June 2025.

This is a 1.2% increase compared to the same quarter in the previous fiscal year, lifted by net gains related to stocks and reversals in credit related costs, which offset a decrease in consolidated net business profits, the Japanese megabank said in its latest financial results.

Total assets were $1.85t (JPY278t) as of end-June, a 4.6% decline compared to the same period a year earlier.

MFG has revised its earnings outlook for FY2025 upward and now expects to earn $6.77b (JPY1.02t) for the fiscal year.

(US$1 = JPY150.53; as of 1 August 2025, Google, from Morningstar)