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

Dow Jones Newswires · Nov 11, 2021 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

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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