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    8411   JP3885780001

MIZUHO FINANCIAL GROUP, INC.

(8411)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 12/07
1464 JPY   +1.53%
12/02MIZUHO FINANCIAL : Summary of Q&A (PDF/231KB)
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11/30MIZUHO FINANCIAL : Speech Script (PDF/48,902KB)
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11/29MIZUHO FINANCIAL : Current Report by Foreign Issuer (Form 6-K)
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Japan's finance ministry to take corrective action against Mizuho - Nikkei

11/24/2021 | 09:52pm EST
FILE PHOTO: Mizuho Financial Group logo is seen at the company's headquarters in Tokyo

TOKYO (Reuters) - Japan's finance ministry is set to take punitive action against the banking arm of Mizuho Financial Group over a lack of compliance with the country's foreign exchange law, the Nikkei business daily reported late on Wednesday.

During the incident that took place on Sept. 30, Japan's third-largest lender failed to comply with anti-money laundering procedures necessary under the foreign exchange act in transacting overseas remittances, the Nikkei said.

While checks found no evidence of illegal money remittances, the Ministry of Finance (MOF) decided on the corrective action as Mizuho is one of Japan's largest banks, with a responsibility for payment systems, the Nikkei said.

A Mizuho spokesperson and a finance ministry official in charge of the foreign exchange law both declined to comment when contacted by Reuters.

The finance ministry in August announced a three-year action plan that included tighter supervision of financial institutions in response to a report by the Financial Action Task Force (FATF), a global financial crimes watchdog.

The Sept. 30 issue at Mizuho has also triggered a response from Japan's banking regulator, which is set to issue on Friday a reprimand to the financial group over a series of system glitches, according to two sources with knowledge of the matter.

Mizuho group CEO Tatsufumi Sakai and the head of the firm's main banking unit intend to resign to take responsibility for the problems, one of the sources said.

(Reporting by Daniel Leussink, Makiko Yamazaki and Tetsushi Kajimoto; Editing by Michael Perry)


ę Reuters 2021
All news about MIZUHO FINANCIAL GROUP, INC.
12/02MIZUHO FINANCIAL : Summary of Q&A (PDF/231KB)
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11/30MIZUHO FINANCIAL : Speech Script (PDF/48,902KB)
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11/29MIZUHO FINANCIAL : Current Report by Foreign Issuer (Form 6-K)
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Analyst Recommendations on MIZUHO FINANCIAL GROUP, INC.
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Financials
Sales 2022 2 177 B 19 181 M 19 181 M
Net income 2022 583 B 5 135 M 5 135 M
Net Debt 2022 - - -
P/E ratio 2022 6,36x
Yield 2022 5,46%
Capitalization 3 711 B 32 669 M 32 695 M
Capi. / Sales 2022 1,70x
Capi. / Sales 2023 1,70x
Nbr of Employees 53 952
Free-Float 96,1%
Chart MIZUHO FINANCIAL GROUP, INC.
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Mizuho Financial Group, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends MIZUHO FINANCIAL GROUP, INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 1 464,00 JPY
Average target price 1 889,17 JPY
Spread / Average Target 29,0%
EPS Revisions
Managers and Directors
Tatsufumi Sakai Executive President, Group ECO & Director
Makoto Umemiya Director & Group Chief Financial Officer
Yasuhiro Sato Co-Chairman
Hiroko Ota Co-Chairman
Satoshi Ishii Director & Group Chief Operating Officer
Sector and Competitors