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Mitsubishi UFJ Financial Group, Inc.

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Mitsubishi UFJ’s shares have outperformed the Zacks categorized Foreign Banks industry over the last one year. The company’s reported profits attributable to owners of parent for fiscal year ended Mar 31, 2017, declined on a year-over-year basis. Low gross profits and reduced net interest income were the headwinds, partially offset by stable general & administrative expenses, and low credit costs. The company’s prospects look encouraging, as it remains focused on several strategies under its medium-term business plan (2015–2017) and global expansion. Further, strong capital ratios along with smooth organic growth will support company’s results. However, the bottom-line growth will continue to suffer due to the negative interest rates in Japan. Further, global growth concerns and strict regulations remain headwinds.

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