Mizuho Financial, Japan's third-largest bank, sees a 661% surge in profit for the fourth fiscal quarter

Glonghui, May 15th — Japan's third-largest bank, Mizuho Financial Group, announced on Friday that its fourth-quarter profit surged by 661%. During the January-March period, the group achieved a net profit of 228.7 billion yen (approximately $1.44 billion), compared to a net profit of 30.1 billion yen in the same period last year. In addition, Mizuho also recorded a record annual net profit of 1.25 trillion yen (about $7.88 billion). The group also announced a share repurchase plan, intending to buy back shares worth up to 100 billion yen.