Mitsubishi UFJ Financial Group (MUFG) revealed a smaller-than-anticipated decrease in fourth-quarter earnings on Wednesday and projected a modest uptick in profit for the current fiscal year.
In the January-March quarter, MUFG posted a group net profit of 192.87 billion yen ($1.24 billion), down from 773.3 billion yen in the same period the previous year. This figure also surpassed the 147 billion yen quarterly profit forecasted by 13 analysts surveyed by LSEG.
For the upcoming fiscal year, MUFG anticipates a profit of 1.5 trillion yen, compared to the previous year's full-year profit of 1.49 trillion yen.
MUFG wrapped up the reporting season for Japan's three major banks with its quarterly results announced on Wednesday.
Paraphrasing text from "Reuters" all rights reserved by the original author.
