Mizuho Financial Group, Inc. (Tokyo: 8411, NYSE: MFG) is trading close to record levels as investors continue to digest stronger‑than‑expected half‑year earnings, a larger share buyback and a steady dividend stream.
There are no blockbuster new corporate announcements from Mizuho itself on 27 November 2025, but the bank and its securities arm are busy in the background – arranging loans, underwriting bonds and supporting new listings – while the stock consolidates gains near its 52‑week high.
Mizuho share price on 27 November 2025
Tokyo‑listed shares (8411.T)
On the Tokyo Stock Exchange, Mizuho’s common stock is trading just above yesterday’s close and near an all‑time high:
- Last trade (intraday, 27 Nov 2025): around ¥5,490
- Previous close (26 Nov 2025):¥5,476, up 4.09% from ¥5,261 on 25 November1
- Today’s range (so far): roughly ¥5,476 – ¥5,555, setting a new 52‑week peak at the high end2
- 52‑week range: about ¥2,688 – ¥5,5553
Over the last year, Mizuho’s Tokyo shares have climbed more than 40%, far outpacing the broader Japanese market, with a 12‑month gain of roughly +43% according to StockAnalysis.StockAnalysis This rally has pushed the shares to trade around 1.2× book value, versus an average of about 0.6× between FY2021–FY2025 – a clear re‑rating as investors price in the end of Japan’s ultra‑low‑rate era.4
NYSE‑listed ADR (MFG)
Mizuho’s American Depositary Receipts (ADRs), ticker MFG, last changed hands at just over $7:
- Last close (Wed, 26 Nov 2025): around $7.09–$7.11, up roughly 3.3–3.6% on the day5
- Recent intraday range (most recent session): approximately $7.00 – $7.126
Today, 27 November 2025, U.S. equity markets – including the NYSE – are closed for Thanksgiving, so MFG will not see regular‑session trading until the shortened Black Friday session on 28 November.7
At current levels, the ADR trades on a trailing P/E of around 13–14×, with a dividend yield close to 2–3%, depending on the source and whether you look at trailing or forward payouts.8
The main story behind today’s price: earnings, guidance and buybacks
Although there is no fresh earnings bulletin today, the key drivers of Mizuho’s share price are still the mid‑November results and capital‑return decisions.
H1 FY2025: profit up, forecast raised
On 14 November 2025, Mizuho reported results for the first half of fiscal year 2025 (year ending March 2026) and updated guidance:
- Half‑year net income rose about 22% year‑on‑year, according to multiple MT Newswires summaries.9
- In the July–September quarter alone, net profit jumped around 47% to ¥399 billion, as reported by Reuters.10
- Management raised the full‑year net income forecast from ¥1.02 trillion to ¥1.13 trillion, pointing to another record year for Japan’s third‑largest “megabank.”10
The upgrade puts Mizuho in step with Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG), which have also raised profit targets as higher domestic interest rates and robust corporate activity lift earnings across the sector.10
Bigger share buyback: 60 million shares, ¥200 billion
Alongside earnings, Mizuho unveiled a new share repurchase program:
- The board authorized the buyback of up to 60 million shares, equivalent to about 2.4% of outstanding stock
- The total amount earmarked is ¥200 billion (roughly US$1.3 billion)3
This new authorization brings Mizuho’s total share repurchases for the current fiscal year to around ¥300 billion, according to Reuters.10
The group has been steadily shrinking its share count – earlier in 2025 it already completed a separate buyback and cancellation program, and it has a track record of periodically returning excess capital to shareholders via repurchases.11
Dividends: steady growth and a December payout
On the dividend side, Mizuho continues to lean into shareholder returns:
- The company has announced an interim dividend of ¥72.50 per share, payable on 8 December 2025, implying a yield of roughly 2.9% at the share price prevailing around the announcement.12
- Simply Wall St notes that Mizuho has doubled its annual dividend from ¥70 in 2015 to ¥145 today, implying a compound growth rate of about 7–8% per year.12
- The payout ratio is around 40% of earnings, leaving room both for reinvestment and further buybacks.12
For the ADR, forward annual dividends around $0.21 per ADR translate to a yield close to 2.9% at ~$7.09, though other sources quote trailing yields closer to 2%.8
Together, the raised profit outlook, increased buyback and growing dividend explain why the stock is holding near 52‑week highs despite the absence of a headline catalyst today.
What’s actually new on 27 November 2025?
While Mizuho has no new group‑level press release dated 27 November on its investor or corporate sites, the bank and its affiliates show up in several fresh financing and capital‑markets documents published today or effective today:
Real estate loans with Mizuho Bank as lender
- Ichigo Office REIT (Japan)
- Ichigo Office REIT has decided to borrow ¥1 billion via a new loan from Mizuho Bank, dated 27 November 2025, to redeem existing investment corporation bonds.
- The loan carries interest at 1‑month JPY TIBOR + 0.58%, with maturity in April 2032.13
- Nippon Building Fund Inc. (Japan)
- Nippon Building Fund announced new debt financing including a ¥3 billion borrowing from Mizuho Bank, with an expected implementation date of 27 November 2025 and a coupon around 0.843%.14
These transactions highlight Mizuho’s ongoing role in commercial real estate lending, a fee‑generating, relationship‑driven business. Individually, the deals are too small to move the share price, but they underline the steady flow of corporate finance activity supporting earnings.
Capital‑markets roles for Mizuho Securities
Mizuho Securities, the group’s investment banking arm, is also active around today’s date:
- The Japanese Government’s Guaranteed NDF Bond No.26, issued on 27 November 2025, lists Mizuho Securities among its joint lead managers.15
- The Tokyo Stock Exchange Growth Market listing of fashion brand Human Made, scheduled for 27 November 2025, names Mizuho Securities as part of the principal underwriting syndicate and joint managers.16
- SoftBank Group’s 67th unsecured straight corporate bond begins its public offering period today (27 November – 5 December 2025), with Mizuho Securities again appearing among the underwriting firms.17
These mandates won’t show up as “Mizuho headlines” on news wires, but they generate underwriting fees, reinforce client relationships and support the narrative that Mizuho is a go‑to house for Japanese corporate and government funding.
Valuation, profitability and investor sentiment
Valuation: modest multiples after a big re‑rating
Even after this year’s rally, Mizuho still trades at valuations that many investors consider reasonable:
- Price‑to‑book (Tokyo): roughly 1.17–1.2×, versus a long‑term average near 0.6×.4
- P/E (ADR, MFG): around 13–14× trailing earnings, down from significantly higher multiples in recent years according to Wisesheets.18
- 12‑month price change: about +43% for the Tokyo‑listed shares.19
These numbers put Mizuho above its own historical valuation range, but still at a discount to many Western banks and to the global financials sector on a P/E basis, reflecting both lingering concerns about Japan’s growth outlook and the bank’s relatively low beta (about 0.12 over five years).19
Dividends: rising, but not stretched
On dividends, Mizuho is increasingly seen as a yield‑plus‑growth story:
- Tokyo‑listed shares offer ~2.9% forward yield on the currently declared dividend path.12
- The ADR yield ranges between ~2–3%, depending on whether you look at trailing or forward estimates.8
- The payout ratio around 40% suggests room both for future increases and for continued buybacks.12
Analyst and investor views
Sentiment around Mizuho has turned materially more positive in 2025:
- J.P. Morgan reiterated a “Buy” rating on MFG earlier this year, highlighting it as one of the more attractive bank stocks trading under $10.20
- A Freedom24 research piece from September described Mizuho as Japan’s third‑largest bank with around 22% upside potential and a ~3% dividend yield, reflecting the belief that earnings growth and shareholder returns still have room to run.21
- Simply Wall St’s analysis emphasises the combination of 17% annual EPS growth over five years and a long record of rising dividends, framing Mizuho as a “proven track record” dividend name rather than a turnaround story.12
Macro backdrop: higher rates and stronger margins
Mizuho’s fundamental story is tightly linked to the normalisation of Japanese monetary policy and the revival of corporate activity.
- In mid‑2024, Mizuho Bank’s CEO suggested the Bank of Japan could lift its policy rate to around 0.5% by March 2025, pointing to a better growth backdrop.22
- A senior Mizuho executive later called for faster tapering of BOJ bond purchases, signalling the bank’s support for a gradual exit from ultra‑easy policy.23
Those moves are now visible in the numbers. Reuters notes that Mizuho’s domestic loan‑deposit margin over the six months to September 2025 improved to 1.07%, up from 0.92% in FY2024 and 0.76% the year before – a major tailwind for profit growth.10
At the same time, non‑interest income in its global corporate and investment banking unit grew nearly 20% year‑on‑year in the first half, underlining the importance of fee businesses such as advisory, underwriting and trading.10
Key risks and what to watch next
Even with today’s quiet headline tape, investors following Mizuho stock on 27 November 2025 are watching several risk factors and catalysts:
- Rate path & margins: If the BOJ slows or reverses its normalisation campaign, the pace of margin expansion could flatten out, limiting earnings leverage from rising rates.
- Global macro & tariff risks: Reuters’ November 14 piece flags continued uncertainty around U.S. inflation, tariff policy and a potential AI‑driven asset bubble – all factors that could affect loan demand and credit quality.10
- Credit quality: As Mizuho grows its corporate and overseas books, problems in leveraged lending or structured credit markets could show up with a lag.
- Capital allocation: The market now expects regular buybacks and dividend growth. Any sharp cutback, for regulatory or strategic reasons, could weigh on the valuation multiple.
- Regulatory and ESG pressures: Mizuho has been active on climate and sustainability – issuing reports on avoided emissions and climate‑related risk, and joining various transition‑finance initiatives – but this also means it faces scrutiny on fossil‑fuel exposure and financed emissions targets.11
Upcoming catalysts likely to matter more than today’s relatively quiet news flow include:
- The next quarterly or full‑year earnings release and any further guidance revisions
- Updates on capital‑return plans, including progress on the current ¥200 billion buyback
- Any shift in tone from the BOJ or from Mizuho’s management regarding interest‑rate expectations and loan growth
Bottom line for Mizuho stock on 27 November 2025
For today, 27 November 2025, Mizuho Financial Group’s story is less about fresh headlines and more about consolidation near new highs after a strong run:
- Tokyo shares are hovering just above ¥5,480–¥5,500, brushing against a new 52‑week high, while the ADR rests around $7.1 after a strong pre‑Thanksgiving session.2
- The market is still digesting double‑digit profit growth, a raised full‑year forecast, a ¥200 billion buyback for 60 million shares, and a growing dividend.10
- A series of behind‑the‑scenes financing and underwriting deals – from REIT loans to government and corporate bonds and a notable IPO – reinforce Mizuho’s role at the centre of Japan’s capital markets, even if they don’t make front‑page news.13
