Japan

Mizuho Bank’s Tier 1 Capital Ratio at 14.26% in June

This is 0.66 percentage points (ppt) higher than in March 2024.

Mizuho Bank’s Tier 1 Capital Ratio at 14.26% in June

This is 0.66 percentage points (ppt) higher than in March 2024.

Higher interest and fees lift Japan’s SMFG to record profit for Q1

Net interest income is expected to rise by a further JPY100b.

Norinchukin Bank redeeming over $4.6b of perpetual loans

The redemption is part of the bank's efforts to improve its investment portfolio.

Japan’s Norinchukin reports profit loss of $2.75b in Q1

It attributed the loss to low-yielding asset sales, part of its portfolio improvement efforts.

Higher profits propel Mizuho’s net income to 44% rise in Q1

Credit-related costs fell 28.7% during the first three months of FY2024.

Japan’s Concordia FG sees strong loan growth and improving profits

Its strong franchise base in Kanagawa Prefecture is an advantage.

MUFG, subsidiaries submits business improvement plans to authorities

MUFG also apologised to its customers and stakeholders.

Growing fees, higher rates lift Sumitomo Mitsui Trust Bank’s profits

SMTH’s low-risk asset portfolio meant that profitability is weak.

MUFG hires ex-UBS, SVB directors for healthcare finance arm

The hires strengthen MUFG’s middle market healthcare businesses.

Norinchukin’s planned foreign bond divestment will hurt profits

The bank has about $13.63b (JPY2.25) in unrealized losses.

Japan’s Norinchukin Bank has hit 60% of its sustainable finance target

The bank also participated in 7 sustainability committee meetings in FY2023.

Japan’s SMFG issues new shares worth $23.89m

The move is part of its stock compensation plans.

MUFG Bank invests in sustainable aviation fuel company

LanzaJet is reportedly planning to build SAF manufacturing plants in Japan.

Nomura Holdings amends securities and financial reports

The amendments correct classification errors in its cash flow statements.

Mizuho appoints Yuta Hayashi as new group executive officer

Hayashi is also now the managing executive officer of Mizuho Bank.