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# Japan's MUFG reports Q1 FY2026 net profit of ¥809.4 billion, up 48% on higher loan margins
- URL: https://www.theglobalbanker.com/mufg-q1-fy2026-net-profit-809-billion-loan-margins/
- Published: 2026-08-03T17:19:00.000Z
- Updated: 2026-10-02T00:50:26.000Z
- Description: Mitsubishi UFJ Financial Group's first-quarter net profit jumped 48% to ¥809.4 billion as loan margins widened, and it kept its ¥2.7 trillion full-year target.
- Author: TGB Editorial Team
- Tags: Banking News, Asia-Pacific

Mitsubishi UFJ Financial Group, Japan's largest bank by assets, reported a 48% jump in first-quarter net profit to ¥809.4 billion, driven by higher net interest income from higher yen interest rates and growth in loan balances, as well as stronger fee income. The Tokyo-based group published the results for the three months ended 30 June on 3 August, after Mizuho and Sumitomo Mitsui Financial Group had reported their first-quarter results in late July.

The figure compares with ¥546 billion in the same period a year earlier. MUFG left its full-year net profit target for the fiscal year ending March 2027 unchanged at ¥2.7 trillion, the level it set on 15 May 2026.

#### HIGHER RATES LIFT LENDING INCOME

MUFG cited growth in loan balances and fee income and the benefit of higher yen interest rates. 

Equity in earnings of equity-method investees rose to ¥261.5 billion from ¥157.9 billion, which MUFG attributed largely to a strong performance at Morgan Stanley. 

Net interest income rose to ¥882.3 billion from ¥690.7 billion a year earlier, while net operating profits rose by ¥266.0 billion to ¥809.0 billion.

#### FULL-YEAR TARGET UNCHANGED

MUFG said first-quarter net income represented 30% of the ¥2.7 trillion full-year target. Total credit costs rose to ¥72.0 billion from ¥46.9 billion, which MUFG attributed to the absence of a large reversal of loan-loss provisions booked a year earlier.

The quarterly figures were published alongside supporting materials on MUFG's investor relations website, including a financial highlights presentation.