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Mitsubishi UFJ Financial to Raise FY Profit View Above $8.77 Billion, Yomiuri Reports

Dow Jones Newswires ·  2021/11/11 21:10

--Mitsubishi UFJ Financial Group Inc. is planning to raise net profit guidance for its fiscal year ending March to more than 1 trillion yen ($8.77 billion) from Y850.0 billion previously, Japanese daily Yomiuri reports, without citing sources.

--According to Yomiuri, earnings at the company's borrowers have improved thanks to an economic recovery while costs of provision have decreased more sharply than previously thought.

--Mitsubishi UFJ Financial is scheduled to report second-quarter results on Monday.

Full story: bit.ly/3Ca7C9l (Japanese)

Write to Kosaku Narioka at kosaku.narioka@wsj.com

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