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TOKYO - Mitsubishi UFJ (NYSE:MUFG) Financial Group, Inc. (MUFG), Japan’s largest financial group, reported a 34.7% increase in profits attributable to owners for the nine months ending December 31, 2024, compared to the same period in the previous fiscal year. The bank, listed on Tokyo, Nagoya, and New York stock exchanges under the ticker 8306, recorded ordinary profits of 2,421,937 million yen, marking a significant uptick from the previous year’s figures.
MUFG’s ordinary income for the nine-month period was 10,277,584 million yen, showing a 20.8% rise year-over-year. Basic earnings per share for the period stood at 149.85 yen. Despite the notable growth in profits, the comprehensive income for the period experienced a decline of 28.9%, totaling 1,684,256 million yen.
The group’s total assets as of December 31, 2024, were reported at 413,193,210 million yen, with total net assets at 21,622,461 million yen. The equity-to-asset ratio remained steady at 4.9%, with shareholders’ equity reaching 20,381,805 million yen.
Dividend forecasts for the fiscal year ending March 31, 2025, indicate a total dividend per share of 60.00 yen, with the final dividend expected to be 35.00 yen. This forecast remains unchanged from the target set on November 14, 2024.
MUFG’s earnings target for the fiscal year ending March 31, 2025, is set at 1,750.0 billion yen of profits attributable to owners of the parent. The group attributes the uncertainties in achieving these targets to various factors, including economic conditions and market environments, affecting their diverse financial service businesses, which encompass banking, trust banking, securities, and credit card/loan operations.
The financial group has confirmed there were no changes in significant subsidiaries during the period, and no revisions to the forecasts for dividends. The report also notes changes in accounting policies due to revisions in accounting standards.
This financial overview is based on a press release statement from MUFG and adheres to Japanese GAAP. It is important for readers to note that differences exist between Japanese GAAP and U.S. GAAP, which can significantly affect reported financial results. MUFG typically publishes U.S. GAAP financial results on a semiannual and annual basis. The information presented is a factual summary of MUFG’s performance over the specified period.
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