Mizuho completes share buyback, announces cancellation

Mizuho Financial Group (TSE: 8411) announced the completion of its share repurchase program initiated on November 15, 2024. The company has repurchased 4,479,400 of its common shares at a total cost of ¥19.1 billion, executed through a trust method in the market. This concludes the buyback resolution approved by the board on November 14, 2024, under which the company was authorized to buy back up to 50 million shares for a maximum of ¥100 billion. Separately, Mizuho will cancel 25.49 million repurchased shares, or 1% of outstanding stock, on March 21, 2025. This cancellation aligns with the company's plan outlined in the November board resolution and reduces outstanding shares to approximately 2.52 billion excluding treasury stock. Following the cancellation, Mizuho will hold 19.95 million shares in treasury.