Shareholder Return Policy and Dividend Information
Shareholder Return Policy
We have been implementing disciplined capital management by pursuing the optimum balance between strengthening of stable capital base and steady returns to shareholders.
As for our policy to return profits to shareholders, we set a new policy through which we are maintaining the current level of dividends for the time being while aiming to strengthen our capital base further to enhance returns to shareholders at an early stage.
We will comprehensively consider the business environment such as the Group's business results, profit base, status of capital adequacy, and domestic and international regulation trends such as the Basel framework in determining returns to shareholders for each period.
The Organization Authorized to Determine Dividends
Mizuho's board of directors is the organization that determines the dividends. The general meeting of shareholders may also make decisions on such matters in the event a shareholder's proposal is presented.
The Basel III international financial regulatory framework was finalized in 2017 and its uncertainty regarding tightening of regulation has decreased, whilst Mizuho steadily accumulated capital to strengthen Mizuho's capital adequacy. Meanwhile, the interactions between companies and their shareholders and investors have been changing. In addition to business strategy and capital management, shareholders have become increasingly focused on sustainable enhancement of corporate values from various perspectives, such as sustainability, as represented by the rise of Responsible Investment. In light of these changes, Mizuho believes it becomes important for Mizuho to engage in constructive dialogue and listen thoroughly to Mizuho's shareholders' opinions with regard to the usage of capital, including an increase in shareholder returns and investment for future growth. Based on this thoughts, Mizuho adopts the process for issuing dividends of surplus as stated above.
Dividend Information
Interim cash dividend payment commencement date for the fiscal year ending March 2021: Monday, December 7, 2020*.
* Shareholders who have opted to receive dividends via bank account or securities account deposit will receive them on the payment commencement date. Shareholders who receive dividends by Dividend Receipts, may not receive them until after the payment commencement date in the case of delay in postal mail delivery. There is no such potential delay when receiving dividends via bank account or securities account deposit, and therefore we recommend this method of receipt. To change the method by which you receive dividends, please follow the instructions provided under the Contact List.
| Fiscal Year | Cash Dividends Declared per Share | ||
| Interim | The Term End | ||
| FY2020*4 | – | JPY3.75 | JPY37.5(est.) |
| FY2019 | JPY7.5 | JPY3.75 | JPY3.75 |
| FY2018 | JPY7.5 | JPY3.75 | JPY3.75 |
| FY2017 | JPY7.5 | JPY3.75 | JPY3.75 |
| FY2016 | JPY7.5 | JPY3.75 | JPY3.75 |
| FY2015 | JPY7.5 | JPY3.75 | JPY3.75 |
| FY2014 | JPY7.5 | JPY3.5 | JPY4 |
| FY2013 | JPY6.5 | JPY3 | JPY3.5 |
| FY2012 | JPY6 | JPY3 | JPY3 |
| FY2011 | JPY6 | JPY3 | JPY3 |
| FY2010 | JPY6 | – | JPY6 |
| FY2009 | JPY8 | – | JPY8 |
| FY 2008 *2 | JPY10 | – | JPY10 |
| FY 2007 | JPY10,000 | – | JPY10,000 |
| FY 2006 | JPY7,000 | – | JPY7,000 |
| FY 2005 | JPY4,000 | – | JPY4,000 |
| FY 2004 | JPY3,500 | – | JPY3,500 |
| FY 2003 | JPY3,000 | – | JPY3,000 |
| FY 2002 | JPY0 | – | JPY0 |
| Fiscal Year | Cash Dividends Declared per Share | ||
| Interim | The Term End | ||
| FY 2002 | – | JPY0 | – |
| FY 2001 | JPY3,500 | JPY0 | JPY3,500 |
| FY 2000 | JPY7,000*3 | JPY3,500*3 | JPY3,500*3 |
*1: By the stock–for–stock exchange on Mar 12, 2003, Mizuho Financial Group, Inc. became the parent company of Mizuho Holdings, Inc. and was listed on Tokyo Stock Exchange (1st Section) and Osaka Securities Exchange. Mizuho Holdings, Inc. was delisted on Mar 6, 2003. The dividend forecast of Mizuho Financial Group shown above indicates figures after the stock–for–stock exchange.
*2: We have conducted an "allotment of shares or fractions of a share without consideration" (from 1 share to 1,000 shares) in Jan 2009.
*3: "Stock transfer payments" were paid to Common Shareholders of DKB, FUJI and IBJ as of Sep 27, 2000 instead of interim cash dividends for FY 1999. Calculation of Annual Dividend considers "Stock transfer payments."
*4: MHFG adopted the share consolidation of the shares of common stock on the basis of one post-consolidation share per ten pre-consolidation shares effective as of October 1, 2020. The impact from the share consolidation is reflected in the estimate of Cash Dividends per Share of Common Stock for the end of fiscal 2020. If the share consolidation were not taken into consideration, it would be JPY3.75. In addition, MHFG left the value of total annual dividend blank(–) as it is inappropriate simply to total the value of the dividend at the end of the first half of fiscal 2020 and the value of the dividend at the end of the fiscal 2020.