To whom it may concern
Company Name : Mizuho Financial Group, Inc.
Representative : Masahiro Kihara, President and Group CEO
Head Office : 1-5-5 Otemachi, Chiyoda-ku, Tokyo
Code Number : 8411 (Prime Market of Tokyo Stock Exchange)
Mizuho Financial Group, Inc. ("MHFG") hereby announces that MHFG resolved at the meeting of its Board of Directors held today to pay interim dividends, with a record date of September 30, 2022, and to revise its estimates of the year-end and annual dividends per share for the fiscal year ending March 31, 2023, as set forth below.
1. Interim dividends
|Determined Items||Most recent estimates
(announced on May 13, 2022)
|Actual results for the fiscal year ended March 31, 2022|
|Record date||September 30, 2022||September 30, 2022||September 30, 2021|
|Dividends per share||JPY 42.5||JPY 40.0||JPY 40.0|
|Total amount of dividends||JPY 107,889 million||-||JPY 101,545 million|
|Effective date||December 6, 2022||-||December 7, 2021|
|Resource of dividends||Retained Earnings||-||Retained Earnings|
2. Revision of year-end and annual dividends estimates
|Dividends per share|
|Interim dividends||Year-end dividends||Annual dividends|
|Previous estimates (A)||JPY 40.0||JPY 40.0||JPY 80.0|
|Revised estimates (B)||-||JPY 42.5||JPY 85.0|
|Actual results for the fiscal year ending March 31, 2023 (B)||JPY 42.5||-||-|
|Net change (B–A)||+JPY 2.5||+JPY 2.5||+JPY 5.0|
|Actual results for the fiscal year ended March 31, 2022||JPY 40.0||JPY 40.0||JPY 80.0|
From the fiscal year ended March 31, 2022, we have been pursuing the optimum balance between capital adequacy, growth investment and enhancement of shareholder returns. In accordance with this initiative, we set forth the shareholder return policy pursuant to which progressive dividends are our principal approach while also executing flexible and intermittent share buybacks; we determine the amount of dividends based on the perspective of achieving steady growth of our stable earnings base, taking into consideration a dividend payout ratio of 40% as a guide.
Considering the financial results to date and other factors based on our shareholder return policy, we determined to increase by JPY 2.5 to JPY 42.5 per share as the interim dividends and the year-end dividend estimates, respectively. As a result, the annual dividends are estimated to be JPY 85.0 per share, an increase of JPY 5.0 from the previous estimates and the dividends paid for the fiscal year ended March 31, 2022.
End of document