Japan lender Mizuho hits record annual profit despite 18% slump in Q4

Reuters
2025.05.15 06:53
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Japan lender Mizuho hits record annual profit despite 18% slump in Q4TOKYO, May 15 (Reuters) - Japan's third-largest lender Mizuho Financial Group 8411.T recorded an 18% fall in fourth-quarter net profit but annual profit rose to a record 885 billion yen as the end of deflation proved a boon for Japan's largest banks.Mizuho booked a net profit of 30.1 billion yen ($206.65 million) in the January-March quarter compared to 36.6 billion yen profit a over the same period a year earlier.($1 = 145.6600 yen)

TOKYO, May 15 (Reuters) - Japan's third-largest lender Mizuho Financial Group 8411.T recorded an 18% fall in fourth-quarter net profit but annual profit rose to a record 885 billion yen as the end of deflation proved a boon for Japan's largest banks.

Mizuho booked a net profit of 30.1 billion yen ($206.65 million) in the January-March quarter compared to 36.6 billion yen profit a over the same period a year earlier.

($1 = 145.6600 yen)

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