Mizuho FG Corona impacted bad debt costs and decreased profits Apr-Jun results July 31 19:11
As for the major financial group, Mizuho Financial Group, the final profit for the three months from April to June was 24% lower than last year. This is because the new coronavirus has adversely affected the management of the loan recipient company, increasing the cost of preparing for a loan loss.
Mizuho Financial Group announced the financial results for the three months from April to June, with a final profit of 122.3 billion yen, a decrease of 24% compared to the same period last year.
Lending to companies affected by the new coronavirus exceeded 5 trillion yen, but lending increased, but in preparation for loan deterioration due to poor management of lenders, we posted expenses of 39 billion yen Squeezed profits.
Resona HD also decreased in final profit
Resona Holdings, which owns Resona Bank, Kansai Mirai Bank, etc., also settled in the three-month settlement of accounts for three months, resulting in an increase in expenses for loan losses, resulting in a final profit of 21.8 billion yen, about 40% compared to the same period last year. %, and the impact of the new coronavirus is spreading to financial institution results.