MUFG Bank, Ltd.
Company name:
Mitsubishi UFJ Financial Group,
Inc.
Stock exchange listings:
Tokyo, Nagoya, New York
Code number:
8306
URL
https://www.mufg.jp/english/
Representative:
Hironori Kamezawa, President
& Group CEO
For inquiry:
Masahisa Takahashi, Managing
Director, Head of Financial Accounting and Reporting,
Financial Accounting Office,
Financial Planning Division
TEL +81-50-3613-1179
Dividend payment date:
-
Trading accounts:
Established
Supplemental information for on
financial results: Available
Investor meeting presentation:
None
(Amounts of less than one million
yen are rounded down.)
1. Consolidated Financial Data
for the Three Months ended June 30, 2024
(1) Results of Operations
(% represents the change from the
same period in the previous fiscal year)
Ordinary Income
Ordinary Profits
Profits Attributable to Owners of
Parent
For the three months ended
million yen
%
million yen
%
million yen
%
June 30, 2024
3,525,017
27.1
733,359
1.1
555,894
(0.4)
June 30, 2023
2,774,099
28.2
725,585
175.9
558,389
391.2
(*)Comprehensive income
June 30, 2024: 992,877 million
yen, (6.9) % ; June 30, 2023: 1,066,496 million yen, - %
Basic earnings per share
Diluted earnings per share
For the three months ended
yen
yen
June 30, 2024
47.50
47.40
June 30, 2023
46.44
46.29
(2) Financial Conditions
Total Assets
Total Net Assets
Equity-to-asset ratio (*)
As of
million yen
million yen
%
June 30, 2024
407,262,698
21,370,586
5.0
March 31, 2024
403,703,147
20,746,978
4.9
(Reference) Shareholders’ equity as of June 30, 2024: 20,177,227
million yen; March 31, 2024: 19,587,974 million yen (*)
“Equity-to-asset ratio” is computed under the formula shown below
(Total net assets -
Subscription rights to shares - Non-controlling interests) / Total
assets
2. Dividends on Common Stock
Dividends per Share
1st quarter-end
2nd quarter-end
3rd quarter-end
Fiscal year-end
Total
For the fiscal year
yen
yen
yen
yen
yen
ended March 31, 2024
-
20.50
-
20.50
41.00
ending June 30, 2024
-
ending March 31, 2025 (Forecast)
25.00
-
25.00
50.00
(*) Revision of forecasts for dividends on the presentation date of
this Consolidated Summary Report : None
3. Earnings Target for
the Fiscal Year ending March 31, 2025 (Consolidated)
MUFG has an earnings target of 1,500.0
billion yen of profits attributable to owners of parent for the
fiscal year ending March 31, 2025.(There is no change to our
earnings target released on May 15, 2024.)
MUFG is engaged in financial service
businesses such as banking business, trust banking business,
securities business and credit card/loan businesses. Because there
are various uncertainties caused by economic situation, market
environments and other factors in these businesses, MUFG discloses
a target of its profits attributable to owners of parent instead of
a forecast of its performance.
* Notes
(1) Changes in significant subsidiaries
during the period: No
(2) Adoption of any particular accounting
methods for quarterly consolidated financial statements: No
(3) Changes in accounting policies,
changes in accounting estimates and restatements
(A) Changes in accounting policies due to
revision of accounting standards: Yes
(B) Changes in accounting policies due to
reasons other than (A): Yes
(C) Changes in accounting estimates:
No
(D) Restatements: No
(4) Number of common stocks outstanding at
the end of the period
(A) Total stocks outstanding including
treasury stocks:
June 30, 2024
12,337,710,920
shares
March 31, 2024
12,337,710,920
shares
(B) Treasury stocks:
June 30, 2024
680,433,525
shares
March 31, 2024
611,522,914
shares
(C) Average outstanding stocks:
Three months ended June 30, 2024
11,703,738,307
shares
Three months ended June 30, 2023
12,023,926,078
shares
* Review of the Japanese-language originals of the attached
consolidated quarterly financial statements by certified public
accountants or an audit firm:None * Notes for using forecasted
information etc.
1. This financial summary report contains forward-looking
statements regarding estimations, forecasts, targets and plans in
relation to the results of operations, financial conditions and
other overall management of the company and/or the group as a whole
(the “forward-looking statements”). The forward-looking statements
are made based upon, among other things, the company’s current
estimations, perceptions and evaluations. In addition, in order for
the company to adopt such estimations, forecasts, targets and plans
regarding future events, certain assumptions have been made.
Accordingly, due to various risks and uncertainties, the statements
and assumptions are inherently not guarantees of future
performance, may be considered differently from alternative
perspectives and may result in material differences from the actual
result. For the main factors that may affect the current forecasts,
please see Consolidated Summary Report, Annual Securities Report,
Disclosure Book, Annual Report, and other current disclosures that
the company has announced.
2. The financial information included in this financial summary
report is prepared and presented in accordance with accounting
principles generally accepted in Japan (“Japanese GAAP”).
Differences exist between Japanese GAAP and the accounting
principles generally accepted in the United States (“U.S. GAAP”) in
certain material respects. Such differences have resulted in the
past, and are expected to continue to result for this period and
future periods, in amounts for certain financial statement line
items under U.S. GAAP to differ significantly from the amounts
under Japanese GAAP. For example, differences in consolidation
basis or accounting for business combinations, including but not
limited to amortization and impairment of goodwill, could result in
significant differences in our reported financial results between
Japanese GAAP and U.S. GAAP. Readers should consult their own
professional advisors for an understanding of the differences
between Japanese GAAP and U.S. GAAP and how those differences might
affect our reported financial results. To date, we have published
U.S. GAAP financial results only on a semiannual and annual basis,
and currently do not expect to publish U.S. GAAP financial results
for the period reported in this financial summary report.
Above is part of the Consolidated Summary Report of Mitsubishi
UFJ Financial Group, Inc. under Japanese GAAP for the three months
ended June 30, 2024. Mitsubishi UFJ Financial Group (MUFG) makes
available financial reports and highlights of MUFG group companies
including those of MUFG Bank, Ltd. Please refer to MUFG's website
for full information.
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version on businesswire.com: https://www.businesswire.com/news/home/20240801591180/en/
MUFG Bank, Ltd. Toshinao Endou, +81-3-3240-1111 Managing
Director, Head of Documentation & Corporate Secretary
Department Corporate Administration Division