Mitsubishi UFJ Financial Group, Inc. (MUFG) パーペチュアル先物

MUFG reported FY2025 (year ended March 31, 2026) net income attributable to owners of parent of JPY 2.7 trillion, up JPY 586.3 billion year-over-year, driven by higher net interest income from improved lending margins and higher yen rates, strong fee income growth in domestic and overseas solution businesses, and a significant contribution from Morgan Stanley. ROE reached 11.3% on a JPX basis, exceeding 11% for the first time. For FY2026, MUFG targets net income of JPY 2.7 trillion and ROE of approximately 12%. The company raised its FY2025 dividend to JPY 86 and plans JPY 96 for FY2026, with a share buyback of up to JPY 100 billion in H1. CET1 ratio (finalized basis) stood at 9.2%, below the target range due to Shriram Finance investment and increased lending, but management expects to recover within the target range during FY2026. The outlook faces uncertainties from the Middle East situation and potential rate hike delays.

MUFG reported a record first-half profit of ¥1,292.9 billion, driven by strong net operating profits, lower credit costs, and robust Morgan Stanley earnings. The company revised its FY25 net income target upward by ¥100 billion to ¥2.1 trillion, citing better-than-planned customer segment NOP, lower credit costs, and one-time gains. Annual dividend forecast raised to ¥74 per share, and share buyback program expanded to ¥500 billion for the year. Management reiterated its commitment to achieving a 12% ROE target, outlining assumptions including a 1% policy rate and no further equity sale gains. The CEO will elaborate at the investor meeting on November 18.

MUFG's first-half FY2024 net income reached ¥1,258.1 billion, exceeding ¥1 trillion for the first time in a half-year period, driven by strong customer segment growth, gains from equity sales, and favorable FX impacts. The company revised its full-year net income target upward by ¥250 billion to ¥1.75 trillion and increased the annual dividend forecast to ¥60 per share, with an additional ¥300 billion share repurchase announced. Progress on the medium-term business plan (MTBP) remains on track, with an ROE target of around 9% expected to be achieved ahead of schedule. The company also doubled its equity holdings reduction target to ¥700 billion for FY2024.

MUFG reported record profits attributable to owners of parent of ¥1,490.7 billion for FY2023, with ROE of 8.5%. Net operating profit reached a record ¥1,843.7 billion. The company announced FY2024 targets of ¥1.5 trillion in profit and ¥50 dividend per share, along with a ¥100 billion share repurchase. A new medium-term business plan (MTBP) targets ROE of around 9% by FY2026, with NOP over ¥2.1 trillion and net profits over ¥1.6 trillion. The CET1 ratio target range is set at 9.5-10.5%.