Mizuho shares slide 7% after denying decision on reported Rakuten Bank investment shift
Mizuho's shares fell by 7% following a denial of a decision regarding a reported investment shift in Rakuten Bank. Analysts are closely monitoring Mizuho for any future announcements related to Rakuten Bank's ongoing reorganization, which is set to be completed by October 2026. Despite the share decline, Mizuho reported a significant increase in its fourth-quarter profit, attributed to strong growth in its fee business and a higher central bank policy rate.
- ▪Mizuho's shares dropped 7.2% after denying a decision on Rakuten Bank investment.
- ▪Rakuten Bank's reorganization is scheduled for completion in October 2026.
- ▪Mizuho reported a 660% increase in fourth-quarter profit, reaching 228.7 billion yen.
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Analysts are keeping an eye out for any upcoming announcements Mizuho may make regarding Rakuten Bank. "Currently, the [Fintech] segment of Rakuten Group is undergoing reorganization, scheduled to be completed in Oct 2026 whereby the bank, card and securities will be reorganized in the same group," Jefferies analysts said in a note. The worst-case scenario for Rakuten Bank would be to overpay for its securities and card segments, but direct intervention by Mizuho could avert that, Jefferies analysts added. The news comes after Mizuho posted a 660% increase in its fourth-quarter profit from a year ago.
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