Mizuho FG’s underlying earnings remain weak with outlook still dependent on capital market cycle.
No-moat-rated Mizuho Financial Group managed to report fiscal 2016 results in line with our low expectations. For the year ended March 2017, higher operating expenses on lower revenue exceeded a one-off gain from the group's company restructuring and equity market upswings. Net profits decreased 10% to JPY 603 billion with net business revenue falling 6% year on year. While operating profits dropped 26% year on year to JPY 575 billion on a higher cost base, a larger-than-expected ETF-related gai...Mizuho Financial Group is a financial holding company with total assets of Y204,255,642 million as of Mar 31 2018. Retail & Business Banking Company provides financial services for individual customers and SMEs. Corporate & Institutional Company provides financial services for large corporations, financial institutions and public corporations. The Global Corporate Company provides financial services for Japanese overseas affiliated corporate customers and non-Japanese corporate customers. Global Markets Company invests in financial products with market risk. The Asset Management Company develops financial products and provides financial services for individuals and institutional investors.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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