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TYO:8411

21 stories mentioning TYO:8411Updated 9h ago

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Asia

Mizuho Financial Group Doubles Share Buyback Program to 200 Billion Yen

Mizuho Financial Group (TYO:8411) has expanded its share repurchase program, raising the maximum repurchase amount from 100 billion yen to 200 billion yen.The group increased the maximum number of shares to be acquired from 25 million to 35 million or about 1.4% of outstanding shares, according to a Tokyo bourse filing on Thursday.The repurchase period has been extended by one month to Sept. 30, while the scheduled cancellation date for the repurchased shares has been moved from Sept. 24 to Oct. 23.All repurchased shares will be cancelled, with the final cancellation number to be announced after the buyback completion.

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Asia

Mizuho Financial Group's Profit Soars 46% in Fiscal Q1

Mizuho Financial Group (TYO:8411) profit attributable to owners of the parent soared 46% to 422.9 billion yen for the fiscal first quarter ended June 30, from 290.5 billion yen a year earlier.The Japanese banking group's earnings per share increased to 173.53 yen from 115.90 yen a year ago, according to a Tokyo bourse filing on Thursday.Ordinary income rose 18% year on year to 2.521 trillion yen for the period, from 2.130 trillion yen.For fiscal year 2026, the group forecasts an attributable profit of 1.400 trillion yen and EPS of 575.08 yen.Mizuho Financial plans to pay interim and year-end dividends of 75.0 yen per share each for the year.

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Asia

Market Chatter: Mizuho Financial Group Targets APAC Expansion

Mizuho Financial Group (TYO:8411) plans to grow its corporate banking operations in South Korea, India, and Australia, aiming for a top-10 spot in global dealmaking, Bloomberg News reported on Friday, citing Joris Dierckx, head of banking for Asia-Pacific.The financial group seeks a Seoul equity license and plans hiring in Australia and India to meet rising demand for bonds and loans, the newswire said.Following U.S. and Indian acquisitions, the bank aims to become Asia's top investment bank within five years by boosting equity and M&A work, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Mizuho Financial Group Repurchases 24.8 Billion Yen in Shares in June

Mizuho Financial Group (TYO:8411) repurchased 3.22 million of its common shares for 24.8 billion yen between June 1 and June 30, according to a Tokyo bourse filing on Wednesday.This brings the total buyback under its board-approved program, authorized on May 15, to 5.30 million shares worth 39.57 billion yen as of June 30.The program authorizes repurchases of up to 25 million shares or 1% of outstanding shares for a maximum of 100 billion yen through Aug. 31.

TYO:8411
Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen
US Markets

Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen

Japan's government has selected a SoftBank Corp.-backed (TYO:9434) consortium to lead a national effort to develop a homegrown artificial intelligence model, with total government investment poised to reach 1 trillion yen over five years.The Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO) named Noetra Inc. and the National Institute of Advanced Industrial Science and Technology (AIST) as the implementers of its "Multimodal Platform Model Development Project for AI Robots and Physical AI," according to a press release on Tuesday.It follows a review of 15 proposals submitted during a public tender that ran from March 24 to April 22.The project spans fiscal years 2026 through 2030, with contracts initially signed for the first two years and continuation subject to an annual stage-gate review, NEDO said.Under the arrangement, Noetra will develop and supply "an internationally competitive" multimodal platform model while taking into account the needs of Japanese model development and utilization.AIST will work with domestic and international research institutions to carry out advanced technological development and contribute to the development of what METI described as "a future-oriented, competitive platform model."The AI model is expected to handle a range of data, including language, audio, images, videos, sensor data, and more.The government has already earmarked 387.3 billion yen for the program in its fiscal 2026 budget, funded through GX Economy Transition Bonds, according to METI's budget outline published in April.Noetra is a joint project led by SoftBank Corp., the telecommunications and internet subsidiary of SoftBank Group (TYO:9984). It counts NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406) as partners.Back in April, METI disclosed its ambition for Japan to capture 30%, or 20 trillion yen, of the global AI robotics market by 2040.The announcement comes amid a broader rally in Japanese AI-linked stocks that pushed the Nikkei 225 to its sharpest quarterly increase on record as of Tuesday. SoftBank Group recently overtook Toyota Motor (TYO:7203) as Japan's most valuable listed company.The Japanese initiative follows a similar push from neighboring South Korea, which also unveiled plans to build semiconductor facilities and AI data centers on Monday, enlisting chipmaker SK Hynix (KRX:000660), Samsung Electronics (KRX:005930) and internet firm Naver (KRX:035420).

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Asia

SoftBank-Led Consortium to Lead Japan's 1 Trillion Yen National AI Initiative

Japan has selected a consortium backed by SoftBank Corp.(TYO:9434) to spearhead a five-year national project developing a homegrown multimodal AI platform, with total public investment expected to reach 1 trillion yen.The initiative, overseen by the Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO), will see the consortium called Noetra Inc. supply the core model while AIST will collaborate with research institutions to advance the technology, according to a joint statement on Wednesday.Noetra, a joint venture led by SoftBank Corp., includes major partners such as NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406).

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Asia

Mizuho Financial, Bank of Baroda Partner to Boost Cross-Border Corporate Financing

Mizuho Financial Group's (TYO:8411) Mizuho Bank and Bank of Baroda (BOM:532134, NSE: BANKBARODA) have signed a strategic partnership to strengthen collaboration in M&A financing, structured lending, and cross-border corporate banking solutions.The agreement leverages Mizuho's global network and finance expertise alongside Bank of Baroda's domestic franchise and knowledge of the Indian market.Together, the two institutions will offer acquisition finance, syndicated lending, and advisory services to support business growth, according to an X post from Bank of Baroda on Tuesday.

BOM:532134NSE:BANKBARODATYO:8411
Asia

Mizuho Financial Group's Attributable Net Income Soars in Fiscal 2025

Mizuho Financial Group (TYO:8411) net income attributable to owners of the parent soared to 1.158 trillion yen for the fiscal year 2025 ended March 31 from 593.4 billion yen a year earlier.The Japanese megabank's net income per share increased to 466.09 yen from 234.52 yen a year ago, according to a Tokyo bourse filing on Monday.Total revenue rose to 8.794 trillion yen for the period ended March 31 from 8.170 trillion yen in the prior year.Mizuho Financial did not provide any financial or dividend forecast for the fiscal year 2026.

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Asia

Nissan Shareholders Reject One Board Nominee Amid Renault Governance Concerns

Nissan Motor (TYO:7201) shareholders voted in favor of Akiyoshi Koji's appointment as board chairman at the company's 127th ordinary general meeting.Shareholders also backed all director candidates except Motoo Nagai, according to a statement released on Tuesday.Renault, Nissan's top shareholder with a roughly 36% stake, abstained from voting on certain board nominees, including Nagai, over independence concerns given Mizuho Financial Group's (TYO:8411) status as Nissan's largest creditor, Bloomberg News reported.A former Mizuho banker, Nagai played a key role in the 2018 ouster of Carlos Ghosn and was considered influential in executive appointments as the sole director on all three board committees, according to the report.

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Asia

Market Chatter: Japan Megabanks Set for Record Dividend Payouts as Profits Rise

Japan's three largest banks are expected to pay a record 2.1 trillion to 2.2 trillion yen in dividends in the current fiscal year, Nikkei Asia reported on Monday.The lenders -- Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial Group (TYO:8316) and Mizuho Financial Group (TYO:8411) -- are set to roughly double their shareholder payouts from three years ago as the end of Japan's negative interest rate policy boosts lending margins, the report said.Strong corporate demand for mergers, acquisitions and investment financing helped lift their combined net profit above 5 trillion yen in fiscal 2025, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Renault to Abstain on Nissan Director Votes over Independence Concerns

Renault plans to abstain from voting on the reappointment of Nissan Motor (TYO:7201) director Motoo Nagai and board nominee Junichi Shinbo at the Japanese automaker's annual shareholders meeting on Tuesday, Bloomberg News reported, citing people familiar with the matter.The French carmaker, which owns about 36% of Nissan but can exercise only 15% of voting rights under a revised alliance agreement, is concerned about the independence of Nagai and Shinbo because both are former bankers at Mizuho Financial Group (TYO:8411), Nissan's largest lender, the report said.The move highlights Renault's efforts to exert greater influence over governance at Nissan as the Japanese automaker seeks to recover from years of weak performance, according to the report.Renault did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Japan's Three Top Banks Plan Joint Stablecoin Issuance by March 2027

Three of the largest banks in Japan, Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo ⁠Mitsui Financial Group (TYO:8316), and Mizuho Financial Group (TYO:8411), are poised to form a consortium to issue a jointly operated stablecoin in the current fiscal year ending in March 2027, according to a Reuters report on Wednesday, citing a joint statement from the banks.The lenders plan to ​establish a council to review operational frameworks and prepare for the issuance, the report said.Japan's Financial Services Agency has been operating a regulatory pilot since November 2025, as part of the country's ​efforts to use blockchain technology for better payment systems.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Japan's Megabanks, Insurers Race to Unload Cross-Shareholdings as Stocks Rally

Japanese banks and insurers are speeding up sales of strategic shareholdings to cash in on surging stock prices, as investors eye how the proceeds will be used, Bloomberg News reported on Wednesday.Sumitomo Mitsui Financial Group (TYO:8316) has already achieved 52% of its 600 billion yen reduction target for the five years through March 2029, while Mizuho (TYO:8411) has cut 110 billion yen and reached 33% of its three-year goal as of March, the news wire said.The three major nonlife insurance groups - Tokio Marine (TYO:8766), MS&AD (TYO:8725), and Sompo (TYO:8630) - aim to eliminate all strategic holdings by March 2031, having already reduced their combined shares from 1.53 trillion yen in March 2024 to 920 billion yen by March 2026, or 40% of their target, the publication said.Recent transactions include major contractor Shimizu (TYO:1803) seeing over 14 million shares sold by Mizuho Bank and Tokio Marine, while five financial institutions offloaded nearly 7 million shares of electronics maker Ibiden (TYO:4062).(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Major Japanese Lenders to Roll Out Loans Backed by Enterprise Value Under New Law

A new law effective Monday enables firms to borrow using their entire enterprise value, including know-how, customer relationships, and future cash flows, as collateral, with rights recorded in a public registry, Nikkei Asia reported on Friday.Mizuho Financial's (TYO:8411) Mizuho Bank will soon issue the first loan to a pub chain operator, while Sumitomo Mitsui Financial's (TYO:8316) Sumitomo Mitsui Banking is educating its staff on managing collateral rights to prepare for such financing, the publication said.MUFG Bank (TYO:8306) also plans to enter the market, while regional institutions like Saikyo Bank, Shoko Chukin Bank, North Pacific Bank(TYO:8524), and Suwa Shinkin Bank will offer similar loans to local startups, the news agency said.In case of default, lenders can recover funds by selling the business, with the overall program designed to stimulate startup growth by leveraging technology and growth potential rather than physical assets, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Mizuho Financial Group's Profit Surges 41% in Fiscal Year 2025

Mizuho Financial Group's (TYO:8411) profit attributable to owners of the parent jumped 41% to 1.249 trillion yen in the fiscal year 2025 from 885.4 billion yen a year earlier.The bank's earnings per share increased to 502.92 yen from 350.20 yen a year ago, according to a Tokyo bourse filing on Friday.Ordinary income inched up 0.6% to 9.085 trillion yen in the year ended March 31 from 9.030 trillion yen in the prior year.Mizuho Financial declared a final dividend of 72.50 yen per share, payable from June 8.For fiscal year 2026, the bank expects attributable profit of 1.3 trillion yen and EPS of 533.10 yen.Mizuho Financial plans to pay interim and year-end dividends of 75 yen per share each for the year.

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Asia

Market Chatter: Mizuho Cuts Holding In Orient Corp As Activist Pushes Ownership Review

Mizuho Financial (TYO:8411) will reduce its stake in credit card issuer Orient Corp (TYO:8585) to about 33.8% through the sale of a 15% holding, marking a partial exit following pressure from an activist investor seeking clearer direction on the investment, Bloomberg reported Friday.The bank will remain a major shareholder after the transaction, down from a position of more than 48% previously, according to the report.Activist investor Strategic Capital, which holds nearly 12% of Orient Corp, has pushed Mizuho to either deepen control through full ownership or fully unwind its stake, arguing the current arrangement raises governance concerns and weighs on shareholder value, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Japan Banks Ramp Up Cyber Defenses Over Anthropic-Highlighted Risks

Japan's three largest banks are stepping up cybersecurity measures following warnings that Anthropic's Claude Mythos artificial intelligence model could expose vulnerabilities in financial systems, Nikkei reported Friday.The banks are expected to gain access to the model as early as this month to help identify software flaws that developers may have overlooked, according to the report.Mitsubishi UFJ Financial Group (TYO:8306) plans to establish a dedicated cybersecurity team, while Mizuho Financial Group (TYO:8411) has formed a cyberattack task force. Sumitomo Mitsui Financial Group (TYO:8316) has also created a working group to review systems across the company, the report said.The International Monetary Fund warned this month that cyberattacks using advanced AI models such as Mythos could threaten financial stability if multiple institutions are targeted simultaneously, potentially disrupting settlements and triggering liquidity stress, according to the report.Japan's Financial Services Agency has launched a public-private working group involving major banks, technology companies and industry bodies to discuss countermeasures, including stronger management involvement and increased cybersecurity investment, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:8306TYO:8316TYO:8411
Asia

Market Chatter: Japan Banks Line Up 250 Billion Yen in First Funding for US Projects

The Japan Bank for International Cooperation (JBIC), along with MUFG Bank (TYO:8306), Sumitomo Mitsui Banking (TYO:8316), Mizuho Bank (TYO:8411) are arranging about 250 billion yen for initial U.S. project financing under a bilateral framework, Nikkei reported Friday.Funds will go to three projects worth about $36 billion, including a gas-fired plant in Ohio, an oil facility in Texas and a synthetic diamond site in Georgia, according to the report.JBIC will provide about one-third, with the rest backed by Nippon Export-Import Insurance guarantees. The Ohio project, led by SoftBank Group (TYO:9984), may receive about 220 billion yen first, with lending to expand in stages, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Japan to Hold Urgent Meeting with Megabanks, BOJ, TSE Chief Over Anthropic's Mythos AI Risks

Finance Minister Satsuki Katayama will meet on Friday with Japan's three largest lenders - Mitsubishi UFJ (8306), Sumitomo Mitsui (8316), and Mizuho (8411)- to discuss risks related to Anthropic's AI model Mythos, Bloomberg News reported on Wednesday.Bank of Japan Governor Kazuo Ueda and Japan Exchange Group (TYO:8697) CEO Hiromi Yamaji are also expected to attend, the news wire said, citing people familiar with the matter.Katayama told reporters on Wednesday that the discussion will begin with sharing assessments of the situation and exchanging views on issues raised in the US and concerns across the international financial community, the publication said.The meeting follows global regulators' response to cybersecurity flaws exposed by Mythos, which has had only a limited release, with Katayama warning that malicious actors could exploit its power, the report said.Mythos, Anthropic's newest model under its Claude AI system, is reportedly capable of outperforming humans at certain hacking and cybersecurity tasks, according to various reports.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Japanese Banks Expand Overseas Payment Services to Support Global Operations of Domestic Firms

Japan's major banks are strengthening cross-border payment services to support the global operations of domestic firms, Nikkei Asia reported on Thursday.Mitsubishi UFJ Financial's (TYO:8306) MUFG Bank launched MUFG Unity for instant remittances in four Southeast Asian countries, allowing corporate clients to settle directly with local partners without opening foreign accounts, the publication said.Sumitomo Mitsui Financial's (TYO:8316) Sumitomo Mitsui Banking aims to accumulate $60 billion in foreign currency deposits within three years and plans to launch its SMBC Connect payment brand soon, the news agency said.Mizuho Financial's (TYO:8411) Mizuho Bank is expanding its Asian transaction banking team to 180 specialists and acquiring Avendus Capital to tap into non-Japanese client demand, the report said.With foreign-currency loans surging 160% since 2010 to $926 billion, Japanese banks are prioritizing dollar procurement amid geopolitical uncertainty and past low domestic interest rates, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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