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4w ago

MUFG Reports Record ¥1.86 Trillion Annual Profit Despite Q4 Decline

Japan's largest banking group achieved its highest-ever annual earnings, supported by rising interest rates, while Q4 profits dropped 41%.

Signboards of MUFG Bank are seen in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/File Photo
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Overview

  • Mitsubishi UFJ Financial Group (MUFG) posted a record annual net profit of ¥1.86 trillion for the fiscal year ending March 2025, surpassing the previous record of ¥1.49 trillion.
  • Fourth-quarter profits fell sharply by 41%, with earnings of ¥114 billion compared to ¥192.8 billion in the same period last year.
  • The surge in annual profits was driven by higher interest rates following the Bank of Japan's decision to end negative rates and raise policy rates starting in 2023.
  • MUFG announced a ¥250 billion share buyback program as part of its capital return strategy.
  • Looking ahead, the bank has forecasted a ¥2 trillion profit for the next fiscal year, while acknowledging risks from global trade tensions and economic uncertainties.