Mizuho Cross-Shareholding - US$11bn of Cross-Shareholding, with at Least US$2bn to Sell over FY24-26
Following up on our earlier cross-shareholding notes, in this note we look at Mizuho Financial Group (8411 JP)'s cross-shareholding.
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Japan Post Bank - It's like a Closed End Mutual Fund More Than Ever
Japan Post Bank is more than ever like a closed-end mutual fund, which is hardly seeing any line items drive profit upward other than stock sales,...
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Suruga Bank - Only 33% of Buyback Done, Profit Guidance to Rise a Lot, Credit Saison Support Growth
Suruga Bank has done ~33% of its recent share buyback, the rest will come through March. The bank has earned far above its guidance, expect profit...
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I Like Big Bank Buybacks And I Cannot Lie
Japan's Three Megabanks reported earnings on 13-14 November. Two raised FY guidance above the street. MUFG did not raise guidance but H1 saw 71%...
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Resona & Chiba - Duration Longest at Resona, Shortest at Chiba, Implications for YCC Relief
With rising yields on 10 year JGBs and on 1 year JGBs it is worth re-visting the stand outs in duration, Resona and Chiba.
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