May 7, 2020 / 8:39 AM / a month ago

Japan's Mizuho cuts profit estimate by 5% amid coronavirus outbreak

TOKYO, May 7 (Reuters) - Mizuho Financial Group Inc , Japan’s third-largest lender by assets, on Thursday cut its full-year estimate for group net profit by 5.3% as it books credit-related costs amid the coronavirus outbreak.

The lender lowered its forecast to 445 billion yen ($4.2 billion) from 470 billion, it said in a statement.

Mizuho will release its results on May 15.

$1 = 106.3700 yen Reporting by Takashi Umekawa; editing by Jason Neely

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