Latest news with #MitsubishiUFJFinancialGroup
Business Times
9 hours ago
- Business
- Business Times
Top India dealmakers earn 37% more than Singapore peers
[NEW DELHI] Senior dealmakers in India are earning more than their counterparts in Singapore and Hong Kong, according to Bloomberg Intelligence, as global firms boost pay to attract top talent in the world's fastest-growing major economy. Heads and directors at investment banks in the South Asian nation's major financial hubs, such as Mumbai and free trade zone GIFT city, are paid 24 per cent more than their peers in Hong Kong and 37 per cent higher than in Singapore, according to Bloomberg Intelligence's analysis of a survey by recruiter Michael Page. For the year, India's bankers are set for pay rises of more than 9 per cent, compared with 4-5 per cent in the two Asian cities, Bloomberg Intelligence senior analyst Sarah Jane Mahmud wrote in a note on Tuesday (June 10). The report cited survey data from consulting firm Aon. India is seeing a boost from a rebound in investments even as global trade uncertainties weigh on the country's broader outlook. Foreign lenders such as Japan's Mitsubishi UFJ Financial Group are continuing to expand in the South Asian nation, while Julius Baer Group is seeking to triple the wealth assets it manages, the Bloomberg Intelligence report said. Investors have refocused on India's lower relative exposure to the US during the recent turbulence in global trade policy. M&A volumes have picked up and dealmakers say the country is well positioned to lure more overseas capital from private equity and sovereign wealth funds. While India has higher income tax rates than Singapore and Hong Kong, its lower cost of living may be a draw, according to the report. Pay for wealth managers in India, however, continued to lag behind that of Hong Kong and Singapore by 47-58 per cent, only a slight improvement from last year, the report showed. BLOOMBERG
Nikkei Asia
02-06-2025
- Business
- Nikkei Asia
MUFG plans movie production fund to boost Japan's content industry
TOKYO -- Mitsubishi UFJ Financial Group is launching a fund to finance Japanese movie production, starting with a more than 6 billion yen ($42 million) investment in a business set up by publisher Kodansha, aiming to boost the competitiveness of the nation's content industry. MUFG Bank will contribute about 6.6 billion yen to the fund, with external institutional investors also being invited to contribute. The total size of the fund will not be disclosed.
Yahoo
20-05-2025
- Business
- Yahoo
MUFG enters multiyear AI partnership with Sakana AI
Mitsubishi UFJ Financial Group (MUFG) and its subsidiary MUFG Bank have signed a multi-year partnership with Sakana AI to integrate AI into the bank's operations. The agreement, spanning more than three years, is part of MUFG's strategy to address management challenges and enhance value added services. The initial phase will focus on using Sakana AI's technology to automate complex internal and external document creation. Eventually, the partnership will extend to incorporating AI solutions into the bank's enterprise systems and exploring their use in various business areas. Sakana AI co-founder and COO Ren Ito retained as AI Advisor for MUFG. His background includes experience in diplomacy and global business, having worked with Japan's Ministry of Foreign Affairs and Mercari. Ito's role will involve advising on AI strategy, supporting management with information and networking, and contributing to MUFG's AI initiatives. Ren Ito stated: 'We are very pleased to be able to directly connect the cutting-edge AI technology we have developed with MUFG Bank, a leading company in Japan, to solve their problems. We are very pleased to be working with MUFG to take on the meaningful challenge of transforming finance, a fundamental area of society, through AI.' MUFG's Medium-term Business Plan, starting in April 2024, includes a commitment to improving AI and data infrastructure to facilitate data-driven management, productivity, and customer value. This is part of the bank's "Accelerate Transformation & Innovation" pillar. Mitsubishi UFJ Financial Group president & Group CEO Hironori Kamezawa said: 'We are very pleased to announce that we have entered into a multi-year strategic technology partnership with Sakana AI and have retained Mr. Ren Ito as MUFG's AI advisor. The utilization of AI is a cornerstone of MUFG's medium-term management plan, and through this partnership, we aim to further refine our AI strategy.' Sakana AI has been engaging with Japanese financial institutions to tailor AI solutions to the finance sector's specific needs, with development commencing this year. "MUFG enters multiyear AI partnership with Sakana AI " was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
16-05-2025
- Business
- Economic Times
Nikkei end flat on optimism for corporate outlook
Japanese shares recouped early losses to end flat on Friday, as stronger-than-expected domestic earnings prompted investors to overlook a stronger yen and pour more money into stocks. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Japanese shares recouped early losses to end flat on Friday, as stronger-than-expected domestic earnings prompted investors to overlook a stronger yen and pour more money into stocks The Nikkei ended flat at 37,753.72, after falling as much as 0.73% earlier in the session on a stronger yen. The index rose 0.67% for the week in its fifth straight week of broader Topix also reversed course, inching up 0.05% at 2,740.45 and inched up 0.2% for the week."The market bought back stocks on optimism of corporate outlook after a series of stronger-than-expected earnings," said Shoichi Arisawa, general manager at the investment research department at IwaiCosmo Securities."And more-than-expected announcements for share buybacks is very positive to the market."The Nikkei had reclaimed the psychologically important level of 38,000 earlier this week on hopes that a Japan trade deal could be on the cards after a tariff truce between the U.S. and since then, the market has drifted lower as a lack of clarity on trade negotiations crimped individual stocks, Mitsubishi UFJ Financial Group ended 0.88% higher after announcing a share buyback worth about 250 billion yen ($1.72 billion).However, its peers Sumitomo Mitsui Financial Group and Mizuho Financial Group fell 1.59% and 1.97%, respectively, even as the three banking groups posted record annual net profits in the last financial Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory, said Japanese firms are set to buy back as much as 8.5 trillion yen worth of shares in April and May alone, helping the index's further company KDDI rose 1.27% after it said it would buy back up to 400 billion yen of Tokyo Electron and Advantest fell 2.76% and 1.89%, respectively, to weigh on the Nikkei the most. ($1 = 145.1300 yen)
Yahoo
15-05-2025
- Business
- Yahoo
Final Results
TOKYO, May 15, 2025--(BUSINESS WIRE)-- MUFG Bank, Ltd. announcesConsolidated Summary Report for the fiscal year ended March 31, 2025 Company name: Mitsubishi UFJ Financial Group, Inc. Stock exchange listings: Tokyo, Nagoya, New York Code number: 8306 URL: 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 050-3613-1179 General meeting of shareholders: June 27, 2025 Dividend payment date: June 30, 2025 Securities report issuing date: June 25, 2025 Trading accounts: Established Supplemental information for financial statements: Available Investor meeting presentation: Scheduled (for investors and analysts) (Amounts of less than one million yen are rounded down.) 1. Consolidated Financial Data for the Fiscal Year ended March 31, 2025 (1) Results of Operations (% represents the change from the previous fiscal year) Ordinary Income Ordinary Profits Profits Attributable toOwners of Parent Fiscal year ended million yen % million yen % million yen % March 31, 2025 13,629,997 14.6 2,669,483 25.4 1,862,946 25.0 March 31, 2024 11,890,350 28.1 2,127,958 108.5 1,490,781 33.5 (*)Comprehensive income March 31, 2025: 2,069,660 million yen (37.6) % ; March 31, 2024: 3,316,519 million yen 186.2 % Basic earningsper share Diluted earningsper share Net Income to Net AssetsAttributable toMUFG shareholders Ordinary Profits toTotal Assets Ordinary Profits toOrdinary Income Fiscal year ended yen yen % % % March 31, 2025 160.02 159.48 9.3 0.7 19.6 March 31, 2024 124.65 124.33 8.1 0.5 17.9 (Reference) Income from investment in affiliates (Equity method) March 31, 2025: 596,956 million yen ; March 31, 2024: 531,803 million yen (2) Financial Conditions Total Assets Total Net Assets Equity-to-asset ratio (*) Total Net Assetsper Common Stock As of million yen million yen % yen March 31, 2025 413,113,501 21,728,132 5.0 1,783.37 March 31, 2024 403,703,147 20,746,978 4.9 1,670.45 (Reference) Shareholders' equity as of March 31, 2025: 20,520,374 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 (3) Cash Flows Cash Flows fromOperating Activities Cash Flows fromInvesting Activities Cash Flows fromFinancing Activities Cash and Cash Equivalentsat the end of the period Fiscal year ended million yen million yen million yen million yen March 31, 2025 6,415 (186,948) (861,116) 109,095,437 March 31, 2024 (9,844,860) 3,986,415 8,307 109,875,097 2. Dividends on Common Stock Dividends per Share Totaldividends Dividendpayout ratio(Consolidated) Dividend onnet assets ratio(Consolidated) 1stquarter-end 2ndquarter-end 3rdquarter-end Fiscalyear-end Total Fiscal year yen yen yen yen yen million yen % % ended March 31, 2024 - 20.50 - 20.50 41.00 488,038 32.9 2.6 ended March 31, 2025 - 25.00 - 39.00 64.00 741,992 40.0 3.7 ending March 31, 2026(Forecast) - 35.00 - 35.00 70.00 40.3 (*) 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, 2026 (Consolidated) MUFG has set an earnings target of 2,000.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2026. 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) 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 (3) Number of common stocks outstanding at the end of the period (A) Total stocks outstanding including treasury stocks: March 31, 2025 12,067,710,920 shares March 31, 2024 12,337,710,920 shares (B) Treasury stocks: March 31, 2025 561,193,945 shares March 31, 2024 611,522,914 shares (C) Average outstanding stocks: Fiscal year ended March 31, 2025 11,642,149,075 shares Fiscal year ended March 31, 2024 11,959,977,563 shares *This "Consolidated Summary Report" ("Tanshin") is outside the scope of the external auditor's audit procedure. *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. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available. Above is part of the Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. under Japanese GAAP for the fiscal year ended March 31, 2025. 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. Contact:MUFG Bank, Endou +81-3-3240-1111Managing Director, Head of Documentation & Corporate Secretary DepartmentCorporate Administration Division View source version on Contacts MUFG Bank, Ltd. Sign in to access your portfolio
