Mitsubishi UFJ Financial’s fourth-quarter net profit beats consensus – Earnings Review


By Kosaku Narioka

Mitsubishi UFJ Financial Group Inc. announced its fourth quarter results on Monday. Here’s what you need to know.

NET PROFIT: Mitsubishi UFJ’s net profit rose 45.5% to 1.131 trillion yen ($8.75 billion) for the year ended March 31. months, according to a calculation by the Wall Street Journal. That beat the 43.98 billion yen estimate expected in an analyst poll by FactSet.

REVENUES: Revenue for the year increased 0.8% to 6.076 trillion yen. Fourth-quarter revenue was 1.713 trillion yen, considering revenue of 4.363 trillion yen in the previous nine months, according to a Wall Street Journal calculation.


–RUSSIA-RELATED PROVISIONS: Mitsubishi UFJ recorded ¥134.9 billion of Russia-related provisions for possible losses, including those of specific foreign borrowers and a certain portfolio of assets that may lose value due to the Russian-Ukrainian conflict. Nevertheless, credit costs for the fiscal year fell to 331.435 billion yen from 515.53 billion yen.

— BOND TRADING LOSS: The company recorded a debt securities loss of 140.44 billion yen for the year, compared to a gain of 119.06 billion yen for the prior year. It sold foreign bonds at a loss as US interest rates rose in the fourth quarter.

–PURCHASE: The company plans to buy back up to 300 billion yen of its own shares from May 17 to November 11. The program can buy back up to 4.7% of outstanding shares.

Write to Kosaku Narioka at [email protected]


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