MUFG profit advances 26% to ¥1.63 trillion
By Jon CuthbertKey points
- Mitsubishi UFJ Financial Group (NYSE:MUFG) reported record first-half fiscal 2026 net profit of ¥1.63 trillion, up 26% year over year.
- The bank raised its full-year net profit forecast to ¥2.8 trillion from ¥2.7 trillion and announced a share buyback of up to ¥200 billion.
- MUFG increased its annual dividend forecast to ¥100 per share, supported by higher Japanese interest rates, loan growth and increased fee income.
Mitsubishi UFJ Financial Group (NYSE:MUFG) reported record first-half fiscal 2026 net profit of ¥1.63 trillion, up 26% year over year, for the six months ended September 30, 2026.
The result marked the bank's fourth consecutive record first-half profit, while net operating profit increased 26% to ¥1.62 trillion on stronger lending, deposit and fee income.
Net interest income increased 29% to ¥1.85 trillion, with higher Japanese interest rates contributing approximately ¥140 billion to net operating profit, while a weaker yen added around ¥35 billion and fee income rose 14% to ¥1.23 trillion.
Earnings from equity-method investees increased by ¥91.3 billion to ¥473.2 billion, helped by Morgan Stanley, while net gains on equity securities rose to ¥210.3 billion from ¥130.2 billion, partly offset by ¥196 billion in losses on debt securities.
Mitsubishi UFJ Financial Group raised its full-year net profit forecast to ¥2.8 trillion from ¥2.7 trillion, maintained its ¥2.9 trillion net operating profit target and ¥350 billion credit cost forecast, announced buybacks of up to ¥200 billion and increased its annual dividend forecast to ¥100 per share.
