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Mitsubishi UFJ Financial Group rises on 11% net profit forecast for fiscal March 2027 and 10 yen dividend increase
Mitsubishi UFJ Financial Group, Inc. <8306> shares rose after the company announced following the market close on May 15 its consolidated financial results for the fiscal year ended March 2026 and forecast a net profit of 2.7 trillion yen for the fiscal year ending March 2027, up 11.2% year-on-year. The company expects to post record-high profits for the fourth consecutive year, following the previous fiscal year when net profit topped 2 trillion yen for the first time. The annual dividend forecast was raised to 96 yen from 86 yen in the previous fiscal year, split at 48 yen each for interim and year-end dividends, attracting positive buying interest.
Concurrently, the company raised its return on equity (ROE) target for the current medium-term management plan from approximately 9% to around 12%, reflecting recent earnings trends. It also announced a share buyback program of up to 45 million shares (0.40% of total issued shares excluding treasury stock) worth up to 100 billion yen. The repurchase period runs from May 18 to June 30 through market purchases on the Tokyo Stock Exchange.
For the fiscal year ended March 2026, ordinary revenues rose 7.3% year-on-year to 14.62 trillion yen, and net profit jumped 30.3% to 2.43 trillion yen. Profits were driven by fund income from bond portfolio restructuring in the previous fiscal year and an increase in equity-method investment income.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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