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TOKYO - Mitsubishi UFJ (NYSE:MUFG) Financial Group, Inc. (MUFG), Japan’s largest financial group, has reported a solid performance for the nine months ending December 31, 2024. The group’s ordinary income increased by 20.8% to 10,277,584 million yen, and profits attributable to owners of the parent rose by 34.7% to 1,748,939 million yen compared to the same period in the previous fiscal year.
MUFG’s financial health also showed stability with total assets amounting to 413,193,210 million yen and total net assets at 21,622,461 million yen as of December 31, 2024. The equity-to-asset ratio remained constant at 4.9%.
The earnings per share for the nine-month period stood at 149.85 yen, marking a substantial increase from the 108.04 yen reported at the end of December 2023. Additionally, MUFG declared a second-quarter-end dividend of 25.00 yen per share and forecasts a year-end dividend of 35.00 yen, resulting in an annual dividend of 60.00 yen per share for the fiscal year ending March 31, 2025.
MUFG maintains its earnings target of 1,750.0 billion yen of profits attributable to owners of the parent for the fiscal year ending March 31, 2025, as previously announced on November 14, 2024. This forecast is based on the group’s diversified financial services which include banking, trust banking, securities, and credit card/loan businesses.
The company has undergone changes in accounting policies due to revisions in accounting standards, which are expected to have an impact on the reported financial results. However, there were no changes in significant subsidiaries during the period, and the interim review of the quarterly consolidated financial statements under Japanese GAAP has been completed with no changes to the financial statements announced earlier on February 4, 2025.
MUFG’s steady growth and consistent dividends reflect its resilience amidst economic uncertainties and market fluctuations. The information is based on a press release statement and provides a snapshot of MUFG’s financial performance for the nine-month period ended December 31, 2024.
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