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Mitsubishi UFJ (MUFG)
NYSE:MUFG
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
$0.19Last Year’s EPS
$0.21Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 0.00%
|Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Positive
The earnings call primarily highlighted record net profits, strong growth in operating profits, and strategic advancements in digital transformation and start-up investments. However, it also acknowledged challenges such as increased expenses due to inflation and uncertainties in the foreign exchange market. Overall, the sentiment is positive with a strong focus on growth and shareholder returns.Company Guidance
In the earnings call, MUFG reported a record high interim net profit of JPY 927.2 billion for the first half of fiscal 2023, with a full-year target of JPY 1.3 trillion in net profits and an ROE of 7.5% in sight. Year-over-year profits surged by approximately JPY 700 billion, driven by the absence of one-time losses from the previous year and enhanced customer segment earnings. Despite increased expenses due to business expansion and inflation, structural reforms, including the sale of Union Bank, kept costs in check. The bank maintained its CET1 ratio at 10.5%, announcing a dividend per share of JPY 41 and a JPY 400 billion share repurchase. MUFG's digital transformation efforts expanded customer touchpoints, while its strategic alliance with Morgan Stanley aimed to strengthen asset management and investment banking capabilities. Sustainability initiatives included a cumulative JPY 27.7 trillion in sustainable finance and new interim GHG emission targets. The bank is also enhancing human capital by doubling mid-career hires and promoting DEI initiatives, particularly increasing the ratio of women in management.Record Net Profits
Net profits for the first half of fiscal 2023 reached JPY 927.2 billion, marking a record high for an interim period since the inception of MUFG.
Strong Operating Profit Growth
Net operating profits in customer segments increased by more than JPY 200 billion, fully offsetting the drop in profits from the sale of Union Bank.
Digital Transformation and Expansion
MUFG has been expanding customer touch points through digital channels, seeing steady increases in online transactions and enhancing their online consultation services.
Strategic Investments and Support for Start-ups
Investment in start-ups now totals JPY 640 billion, with support for growth both in Japan and abroad.
Shareholder Returns and Capital Management
MUFG announced a share repurchase of up to JPY 400 billion and increased annual dividend per share by JPY 9 from last year.
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MUFG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MUFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $11.50 | $12.07 | +4.96% |
| Aug 01, 2024 | $11.62 | $11.05 | -4.91% |
| May 15, 2024 | $10.41 | $10.30 | -1.06% |
| Feb 05, 2024 | $9.47 | $9.59 | +1.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mitsubishi UFJ (MUFG) report earnings?
Mitsubishi UFJ (MUFG) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Mitsubishi UFJ (MUFG) earnings time?
Mitsubishi UFJ (MUFG) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MUFG EPS forecast?
MUFG EPS forecast for the fiscal quarter 2024 (Q3) is $0.19.
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