November 13, 2023
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)
Interim Dividends and Revision to Dividends Estimates
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, 2023, and to revise its estimates of the year-end and annual dividends per share for the fiscal year ending March 31, 2024, as set forth below.
1. Interim dividends
|Determined Items||Most recent estimates
(announced on May 15, 2023)
|Actual results for the fiscal year ended March 31, 2023|
|Record date||September 30, 2023||September 30, 2023||September 30, 2022|
|Dividends per share||JPY 50.0||JPY 47.5||JPY 42.5|
|Total amount of dividends||JPY 126,919 million||-||JPY 107,889 million|
|Effective date||December 6, 2023||-||December 6, 2022|
|Resource of dividends||Retained Earnings||-||Retained Earnings|
2. Revision of dividends estimates
|Dividends per share|
|Interim dividends||Year-end dividends||Annual dividends|
|Previous estimates (A)||JPY 47.5||JPY 47.5||JPY 95.0|
|Revised estimates (B)||-||JPY 50.0||JPY 100.0|
|Actual results for the fiscal year ending March 31, 2024 (B)||JPY 50.0||-||-|
|Net change (B–A)||+JPY 2.5||+JPY 2.5||+JPY 5.0|
|Actual results for the fiscal year ended March 31, 2023 (C)||JPY 42.5||JPY 42.5||JPY 85.0|
|Net change (B–C)||+JPY 7.5||+JPY 7.5||+JPY 15.0|
We maintain a capital policy 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.
Due to revising Consolidated Earnings Estimates for Fiscal 2023 upward in the Consolidated Financial Statements for the Second Quarter of Fiscal 2023 announced today, in accordance with our shareholder return policy, we determined to increase the interim dividends by JPY 2.5 to JPY 50.0 per share for the fiscal year ending March 31, 2024.
Additionally, we also revised the year-end dividend estimates from the previously estimated JPY 47.5 to JPY 50.0 per share, for an increase of JPY 2.5. As a result, the annual dividends are estimated to be JPY 100.0 per share, an increase of JPY 5.0 from the previous estimates and that of JPY 15.0 from the dividend paid for the fiscal year ended March 31, 2023.
End of document