By Kosaku Narioka
Mitsubishi UFJ Financial Group Inc. is scheduled to report second-quarter results on Monday. Here's what you need to know:
NET PROFIT FORECAST: The Japanese financial company is expected to post a 24% rise in net profit from a year earlier to 268.80 billion yen ($2.36 billion) for the quarter ended September, according to a poll of analysts by FactSet. That would compare with Y217.33 billion net profit a year earlier.
WHAT TO WATCH:
--MARGIN: Mitsubishi UFJ's lending margin have improved recently, helping first-quarter net interest income increase 5.9% to Y496.9 billion. Investors are paying attention to margin trends as the Covid-19 pandemic increased credit risks of some borrowers.
--OVERSEAS STRATEGY: Mitsubishi UFJ said in September it would sell MUFG Union Bank's retail banking operations to U.S. Bancorp. It also said in August that Thai unit Bank of Ayudhya plans to acquire a consumer-finance business of Saigon-Hanoi Commercial Joint Stock Bank. Investors are paying attention to the management's comments on its strategy for overseas expansion and any potential shifts.
Write to Kosaku Narioka at kosaku.narioka@wsj.com