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Latest Tokyo Brief coverage on Mizuho Financial Group, Inc., tracking filings, financial news, and market signals from Japan.
TSE:8411
Mizuho Financial Group is selling ¥209bn and ¥81bn tranches of unsecured perpetual bonds carrying debt-exemption and subordination clauses, the latest draw on a ¥3tn shelf registration filed with Japan's Kanto Local Finance Bureau.
The move: Mizuho's plan pairs a ¥73.5bn 10-year subordinated note with a ¥107.0bn callable 10-year tranche. The catch is in the clauses, both carry write-down-upon-insolvency and subordination terms, so the filing reads as capital management as much as funding.
The 10-year issue is split between a ¥73.5bn tranche and a ¥107bn tranche with an early-redemption clause, leaving ¥2.81tn of unused capacity under Mizuho's current programme.
Net income attributable to shareholders rose to ¥1.16tn in the year to March 2026, while total assets reached ¥294.9tn and loans, securities and trading assets all moved higher.