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Mitsubishi UFJ Reports Rise in Annual Profit on Higher Fees, Commissions, Smaller Credit Costs

Provided by Dow Jones

May 15, 2024 8:10am

By Kosaku Narioka

Mitsubishi UFJ Financial Group reported a rise in fiscal-year net profit, supported by higher fees and commissions and smaller credit costs.

The Japanese financial company said Wednesday that net profit increased 34% to 1.491 trillion yen ($9.53 billion) for the year ended March.

For the year that began in April, Mitsubishi UFJ targets net profit of Y1.500 trillion.

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

(END) Dow Jones Newswires

May 15, 2024 04:10 ET (08:10 GMT)

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