Mitsubishi UFJ Financial Group (NYSE:MUFG), Japan’s largest lender, reported a steady increase in third-quarter profit on Wednesday, joining domestic rivals in reaping the rewards of the Bank of Japan’s exit from negative interest rates.
The Tokyo-based financial giant posted net income of $3.38 billion (approx. ¥520.6 billion) for the quarter ended December 31, 2025, a 6% increase compared to the same period last year.
The results were driven by improved net interest margins at home and robust corporate loan demand in its sprawling overseas operations.
Revenue for the period reached $24.35 billion, comfortably surpassing Wall Street forecasts.
On a per-share basis, MUFG reported earnings of $0.30, or $0.32 when adjusted for one-time extraordinary items.
The bank's performance was bolstered by its strategic 20% stake in India's Shriram Finance and a surge in its securities unit, which saw net profit more than double year-over-year.
With three-quarters of the fiscal year complete, MUFG has achieved 86% of its ambitious ¥2.1 trillion annual profit target.
The bank slso reaffirmed its commitment to shareholder returns, continuing its authorized ¥250 billion share repurchase program and maintaining a forecast for a record total annual dividend of ¥74 per share.