top of page

Japan’s largest bank Mitsubishi UFJ reports surge in Q3 earnings

Mitsubishi UFJ Financial Group, Japan’s largest bank, reported a third-quarter net profit of JPY370.64bn (USD3.35bn), a significant increase from JPY112.08bn the previous year. This growth is attributed partly to overcoming an accounting loss from the sale of its US unit, MUFG Union Bank. Despite this surge, MUFG maintained its annual profit forecast at a record JPY1.3tr, slightly below analyst expectations. This performance mirrors the success of its rivals, Sumitomo Mitsui Financial Group and Mizuho Financial Group, buoyed by Japanese companies’ growth investments. Meanwhile, Aozora Bank’s forecasted annual net loss and New York Community Bancorp’s recent financial setbacks highlight contrasting fortunes in the banking sector, with concerns over US commercial property loans affecting midsize and regional banks.

bottom of page