Mitsubishi UFJ Financial Group: Improvements From Japan's Largest Bank [Seeking Alpha]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Seeking Alpha
Robert Way/iStock Editorial via Getty ImagesInvestment thesisMy portfolio is heavily tilted towards financials and real estate, with financials presently taking up31% of my portfolioEurope.So far, I have not been invested in any Japanese companies, but I am interested to explore the possibility to get exposure to Japan. After all, it is thethird largest economyI start at the top, with Japan's largest bank which is Mitsubishi UFJ Financial Group, Inc., which is listed on Tokyo Stock Exchange. It also has an ADR listed on the NYSE underMUFGLet us start by looking at their most recent financial results.Financial ResultsMUFG delivered a net profit for the lastFull Year ending 31 MarchThe reason for this large jump in net profit was mainly a result of improved net interest income, thanks to the improvement of lending spread in Japan and overseas.NIM of MUFG (MUFG's latest financial report)Their income from fees and commissions also increased both from the domestic and overseas asset manage
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MUFG
News
- Mitsubishi UFJ (MUFG) Repurchases 44.9M Shares Under 400M Plan [Yahoo! Finance]Yahoo! Finance
- MUFG Bank, Ltd. Announces MUFG to Introduce Share-Based Compensation Plan for Employees [Yahoo! Finance]Yahoo! Finance
- JGB yields slide with US peers as traders ponder BOJ path [Yahoo! Finance]Yahoo! Finance
- MUFG Investor Services U.S. Launches Professional Services Group [Yahoo! Finance]Yahoo! Finance
- London regtech GSS raises $47M to help banks screen for global sanctions [TechCrunch]TechCrunch
MUFG
Sec Filings
- 3/28/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/7/24 - Form 6-K
- MUFG's page on the SEC website