Mizuho Hikes Earnings Estimate

December 28, 2004, 3:00 p.m. EST 1 Min Read

Japan's Mizuho Financial Group has revised its earnings estimate for fiscal 2004 upward following a favorable tax-related court judgment involving the company's writeoff of credits against Japan Housing Loan Inc.The company's earnings estimate rose to 720 billion yen (about $6.98 billion) from 440 billion yen (approximately $4.27 billion) as a result of the judgment. Mizuho can be found online at http://www.mizuho-fg.co.jp.

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