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TYO:8411

27 stories mentioning TYO:8411Updated 11d ago

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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.

TYO:8411
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.)

Nikkei 225TYO:8306TYO:8316TYO:8411TYO:9984
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.)

TYO:8306TYO:8316TYO:8411TYO:8697
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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Asia

Market Chatter: SoftBank Introduces AI Company with NEC, Honda, Sony as Investors

SoftBank Group (TYO:9984) has launched a new company focused on developing artificial intelligence in Japan, with investments from NEC (TYO:6701), Honda Motor (TYO:7267), and six other firms, Nikkei Asia reported on Monday.The Japanese government is evaluating potential support for the initiative. The venture aims to create a foundational model for "physical AI" to enable autonomous control of robots and machinery through a collaborative public-private effort, the news daily said.Additional investors include Sony Group (TYO:6758), Mitsubishi UFJ Financial's (TYO:8306) MUFG Bank, Sumitomo Mitsui Banking Corp. (TYO:8316), Mizuho Bank (TYO:8411), Nippon Steel (TYO:5401), Kobe Steel (TYO:5406), and AI developer Preferred Networks will also assist in building the model.Softbank Group did not reply to MTNewswire queries at press time.(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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