Akira Takai's questions to MIZUHO FINANCIAL GROUP (MFG) leadership • Q2 2022
Question
Akira Takai from Daiwa Securities questioned the full-year forecast, seeking clarity on why credit-related costs and stock-related losses are projected to be similar in the second half as the first, and why main business profits are expected to decline.
Answer
CFO Makoto Umemiya clarified that the company is maintaining a cautious approach on credit costs due to ongoing uncertainty. He noted that second-half bear fund cancellations depend on market conditions. The anticipated drop in main business profit is primarily attributed to a conservative stance on the Markets Group's performance, where a decrease of roughly JPY 100 billion is expected due to market volatility and inflation concerns.