Mitsubishi UFJ Financial Group, Inc., The Current Fiscal Year Net Income Revised Upward by 17%, Adds to Record High Profit Forecast, Dividend Revised Upward by 10 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 14, 2024 4:30 pm JST Earnings

8306 Mitsubishi UFJ Financial Group, Inc. 【J-GAAP】

Earnings Report

Mitsubishi UFJ Financial Group, Inc. <8306> [TSE-P] announced its financial results after the market closed on November 14th (16:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.25 trillion yen, an increase of 35.7% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward by 16.7%, from the previous forecast of 1.5 trillion yen to 1.75 trillion yen (compared to 1.49 trillion yen in the previous period), increasing the growth rate from 0.6% to 17.4%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 12.7% from the same period last year to 491 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 50 yen to 60 yen (compared to 41 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 90.4% from the same period last year, reaching 702 billion yen.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	4,314,217	ー	591,094	231,091	18.5	57.9	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	5,665,663	ー	1,279,907	927,281	77.1	60.1	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	6,860,277	ー	1,756,926	1,258,195	107.7	ー	Nov 14, 2024	J-GAAP
YoY	+21.1%	－	+37.3%	+35.7%	+39.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	25	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	6,860,277	ー	1,756,926	1,258,195	107.7	25	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	ー	ー	ー	1,500,000	128.8	50	May 15, 2024	J-GAAP
Mar, 2025 New	ー	ー	ー	1,750,000	150.3	60	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	+16.7%	+16.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	6,224,687	ー	848,051	563,500	47.1	20.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	491,805	42.2	35	Nov 14, 2024	J-GAAP
YoY	－	－	－	-12.7%	-10.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,281,027	ー	1,020,728	1,116,496	90.7	32	May 15, 2023	J-GAAP
Mar, 2024	11,890,350	ー	2,127,958	1,490,781	124.7	41	May 15, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	ー	1,750,000	150.3	60	Nov 14, 2024	J-GAAP
YoY	－	－	－	+17.4%	+20.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,891,564	ー	554,322	368,892	30.7	0.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	2,842,013	ー	521,960	370,635	30.9	0.0	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	3,382,674	ー	326,091	192,865	16.1	0.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,525,017	ー	733,359	555,894	47.5	0.0	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	3,335,260	ー	1,023,567	702,301	60.1	0.0	Nov 14, 2024	J-GAAP
YoY	+15.3%	－	+84.7%	+90.4%	+95.9%