Mizuho Financial Group, Inc. ("MHFG") has resolved today to sell stock of Mizuho Holdings, Inc. ("MHHD"), a wholly-owned subsidiary of MHFG, to MHHD as announced in the press release, "Repurchase of Own Stock by a Subsidiary" dated July 20, 2005. The scheduled date of the stock sale is October 1, 2005.
MHFG hereby revises its Non-Consolidated Earnings Estimates for Fiscal 2005 ending March 31, 2006 as described below, due primarily to recognizing Extraordinary Gains from the sale.
There is no change in Consolidated Earnings Estimates for Fiscal 2005 announced on May 23, 2005.
Non-Consolidated Earnings Estimates for Fiscal 2005 ending March 31, 2006
(Millions of Yen)
| Operating Income | Ordinary Profits | Net Income | ||
| Previous Estimates (May 2005) |
130,000 | 110,000 | 130,000 | |
| Revised Estimates | 130,000 | 110,000 | 780,000 | |
| Change | - | - | 650,000 | |
| Rate of Change | - | - | 500.0% | |
(Reference) Non-Consolidated Earnings Estimates for the First Half of Fiscal 2005 ending September30, 2005 (no change)
(Millions of Yen)
| Operating Income | Ordinary Profits | Net Income | |
| Previous Estimates (May 2005) |
120,000 | 110,000 | 120,000 |
- The statements contained in this press release of the current expectations are forward-looking statements subject to significant risks and uncertainties, and actual results may differ materially. Factors that could cause actual results to differ materially include, but are not limited to, changes in overall economic conditions, changes in market rates of interest, further declines in the value of equity securities or real estate, further deterioration of the quality of loans to certain industry sectors and the effect of new legislation or government directives.
- This press release does not constitute an offer for sale or solicitation for investment or other similar activity in and outside of Japan.