1. Revision of Consolidated Earnings Estimates for the First Half of Fiscal 2005
Mizuho Financial Group, Inc. ("MHFG") hereby revises upward its Consolidated Earnings Estimates for the First Half of Fiscal 2005 ending March 31, 2006, as described below. This Revision is being made publicly available hereby pursuant to the Timely Disclosure Rules of the Tokyo Stock Exchange with respect to Ordinary Income.
Consolidated Earnings Estimates for the First Half of Fiscal 2005 ending March 31, 2006
(Billions of Yen)
| Ordinary Income | Ordinary Profits | Net Income | ||
| Previous Estimates (August 2005) | 1,480.0 | 400.0 | 270.0 | |
| Revised Estimates | 1,700.0 | 450.0 | 330.0 | |
| Net Change | 220.0 | 50.0 | 60.0 | |
| Rate of Change | 14.9% | 12.5% | 22.2% | |
(Reasons for the revision)
The reasons for the revision of Ordinary Income is owing to increases in profits from each business segment, including subsidiaries and affiliates, based on our entering a new phase of our management strategy to enhance top line growth.
2. Others
The First Half results of Fiscal 2005 are scheduled to be announced in the later part of this month. Simultaneously, the Consolidated Earning Estimates for Fiscal 2005 will be revised, if it may become necessary.
This document is prepared in order to announce specific facts relating to MHFG's revision of Consolidated Earnings Estimates for the First Half of Fiscal 2005 and does not constitute an offer for sale or a solicitation for investment or other similar activity, in and outside of Japan.