Mitsubishi UFJ Financial Group (8306) Q1 2027 earnings summary

Executive summary

• Achieved record-high net income of ¥809.4bn for 1Q FY26, up 48.2% year-over-year, driven by strong net operating profits and equity in earnings of investees.

• Ordinary income rose 20.1% year-over-year to ¥3,907.5bn, with comprehensive income reaching ¥1,140.7bn, a 741.3% increase.

• Net operating profits rose to ¥809.0bn, up ¥266.0bn year-over-year, reflecting growth in loan balances, fee income, and higher JPY interest rates.

• Ordinary profits surged 57.8% year-over-year to ¥1,117.9bn.

Financial highlights

• Net interest income rose to ¥882.3bn, up ¥191.6bn year-over-year; net fees and commissions increased by ¥104.2bn to ¥603.7bn.

• Net non-recurring gains rose by ¥150.9bn to ¥303.0bn; credit costs increased by ¥19.6bn to ¥103.2bn.

• ROE improved to 14.4%, up 3.6ppt year-over-year.

• Basic earnings per share for the quarter were ¥71.77, up from ¥47.55 a year earlier.

• Equity in earnings of equity method investees surged to ¥261.5bn, up ¥103.6bn, mainly from Morgan Stanley.

Outlook and guidance

• Progress toward the full-year net income target of ¥2.7tn stands at 30% after 1Q; full-year profit target and dividend forecast remain unchanged.

• Annual dividend expected to be ¥96.00 per share.