FILE PHOTO: A pedestrian is reflected in a sign showing the logo of the Mizuho Financial Group Inc. outside its headquarters in Tokyo, Japan, May 15, 2015. REUTERS/Yuya Shino/File Photo
March 6, 2019
TOKYO (Reuters) – Japan’s Mizuho Financial Group on Wednesday slashed its full-year profit outlook by 86 percent, citing 680 billion yen ($6.1 billion) in one-time restructuring costs, including an overhaul of its securities portfolio.
Japan’s second-largest bank by assets said it expects 80 billion yen in net income for the year to end-March, instead of 570 billion yen it had predicted earlier.
(Reporting by Junko Fujita; Editing by David Dolan)
