Japan’s Mizuho Bank sees profits rise 24.4% in H1

Full year dividend is expected to be JPY100 for 2023.

Japan’s Mizuho Bank has announced an interim dividend of JPY50 (US$0.33) after recording double-digit revenue and profit growth for the first half of the 2023 fiscal year.

The Japan-headquartered bank reported a JPY574t in ordinary profits during the period, a 30.6% increase compared to the first half of the 2022 fiscal year.

Profit attributable to shareholders rose 24.4% to JPY415.74t. In contrast, shareholders’ profits had contracted 13.4% in the same period in 2022.

ALSO READ: Mizuho launching universal bank in Europe, to close offices in 4 cities

Net income per share of diluted stock has also increased to JPY164.03 in H1 2023, from JPY131.77 in H1 2022.

With this, Mizuho now estimates its year-end dividend to be JPY100 (US$0.66).

(US$1 = JPY151.79; as of November 13, 2023)