MUFG Reports 32% Surge in Quarterly Profits as Interest Rates Rise

Japan's largest lender exceeds profit estimates for the third quarter, driven by higher loan margins and strategic share sales.

Mitsubishi UFJ Financial Group (MUFG) posted a 32% increase in net profit for the October-December 2024 quarter, reaching ¥490.7 billion ($3.2 billion).
The profit growth was fueled by rising interest rates in Japan, which widened domestic loan spreads and boosted margins.
MUFG benefited from the sale of cross-shareholdings, generating significant gains as part of its corporate governance improvement efforts.
The bank has achieved 99.9% of its annual profit guidance of ¥1.75 trillion in just nine months of the financial year.
MUFG continues to divest equity holdings, with ¥55 billion sold in the quarter and an additional ¥37 billion planned for sale by March 2027.