WRAPUP 4-Mizuho back in black, SMFG profit doubles

* Mizuho Q2 net profit 92.3 bln yen vs 60.8 bln estimate

* SMFG Q2 profit 50.8 bln yen vs 21.6 bln avg estimate

* Mizuho, SMFG keep forecasts, SMFG cuts recurring 4 pct

* Mizuho says no plans now to issue common shares

* Mizuho shares up more than 7 pct in U.S. trading (Adds Mizuho share price rise in U.S. trading)

By David Dolan

TOKYO, Nov 13 (Reuters) - Mizuho Financial Group's (8411.T) (MFG.N) first profit in five quarters and rival Sumitomo Mitsui Group's (8316.T) doubling of profit signal Japan's major banks are recovering from the economic crisis, albeit slowly.

Japanese lenders have suffered smaller credit losses than their Western rivals, but they have also taken longer to rebound, hampered by dependence on domestic lending and rock-bottom interest rates.

"These are not positive enough to get all worked up about, but at the same time are not all that bad," said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments, referring to the Mizuho and Sumitomo Mitsui earnings.