Hideyasu Ban's questions to MIZUHO FINANCIAL GROUP (MFG) leadership • Q2 2022
Question
Hideyasu Ban of Jefferies Securities requested more detail on the second-half credit cost forecast, asking about specific at-risk sectors or large customer exposures driving the cautious outlook.
Answer
CFO Makoto Umemiya explained that the cautious stance is broad-based rather than tied to a specific large customer. He cited the lingering impact of COVID-19 on sectors like transportation and resorts, as well as emerging risks from supply chain constraints and rising energy prices. Consequently, the company feels it is prudent to prepare for a similar level of credit reserves in the second half as was set aside in the first.