Tokyo  - Mizuho Financial Group Inc reported on Thursday a 49.8-per-cent net profit fall in fiscal 2007 from the year before due to a loss related to the US subprime home-loan crisis.

One of Japan's mega banks reported a net profit of 311.22 billion yen (2.96 billion dollars) after it incurred a loss of 645 billion yen from the US high-risk mortgage problems.

Mizuho's operating revenues jumped 10.3 per cent to 4.52 trillion yen in the year through March.

Looking ahead, the financial group expected a net profit of 79.9 per cent to 560 billion yen on operating revenues of 4.3 trillion yen, down 4.9 per cent, for the current year through March 2009. (dpa)