From Investing.com: 2024-05-18 17:07:05

During the recent earnings call, Mitsubishi UFJ Financial Group announced a record profit of ¥1,490.7 billion for the fiscal year ending March 31, 2024, with a profit target of ¥1.5 trillion and a dividend forecast of ¥50 per share for FY 2024. The company detailed an ambitious Medium-Term Business Plan focusing on innovation, social and environmental progress, and a 30% profit increase from FY ’23.

Key Takeaways
– Profit target of ¥1.5 trillion for FY 2024
– Dividend forecast of ¥50 per share
– Share repurchase plan of up to ¥100 billion
– New MTBP aims for 30% profit increase from FY ’23
– Commitment to maintaining an ROE of around 9%

InvestingPro Insights:
– Market Cap: $117.03 billion
– P/E Ratio: 12.5
– Dividend Yield: 2.24%
– MUFG is a consistent performer in the banking industry, focusing on shareholder returns, growth in the APAC region, and platform resilience

Mitsubishi UFJ stresses long-term sustainability and shareholder value through a strategic balance of profitability, innovation, and social responsibility. The company’s robust financial performance, ambitious targets, and commitment to growth underscore its position as a leader in the banking industry with a focus on delivering value to shareholders and stakeholders.



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