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Mitsubishi UFJ Financial Group
(8306)
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Rating:69Neutral
Price Target:
¥4,036.00
▲(7.51% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by improving financial performance (stronger revenue and margins) but capped by high leverage and especially volatile operating/free cash flow. Technicals add meaningful support with a strong uptrend and healthy momentum. Valuation and dividend yield are reasonable but not strong enough to materially lift the overall score.
Positive Factors
Revenue and Profit Growth
Strong revenue expansion alongside higher net margins indicates improving operating performance. If sustained, this provides a stronger earnings base and supports profitability across the group's banking and financial-services franchise.
Negative Factors
High and Rising Leverage
Although leverage is common in banking, MUFG's high and rising debt increases sensitivity to funding costs, liquidity conditions, and asset-quality deterioration. Adverse credit or funding trends could pressure earnings and capital flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Growth
Strong revenue expansion alongside higher net margins indicates improving operating performance. If sustained, this provides a stronger earnings base and supports profitability across the group's banking and financial-services franchise.
Read all positive factors
Mitsubishi UFJ Financial Group (8306) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥40.02T
Dividend Yield2.38%
Average Volume (3M)37.76M
Price to Earnings (P/E)15.2
Beta (1Y)1.35
Revenue Growth11.03%
EPS Growth48.61%
CountryJP
Employees161,576
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)237.46
Shares Outstanding11,867,711,000
10 Day Avg. Volume42,084,210
30 Day Avg. Volume37,758,953
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)1.33
Price to Sales (P/S)2.20
P/FCF Ratio3.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,950.00Price Target Upside5.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)249.55
Revenue Forecast (FY)¥6.12T
Mitsubishi UFJ Financial Group Business Overview & Revenue Model
Company Description
Mitsubishi UFJ Financial Group, Inc. (MUFG) operates as the overarching bank holding company for MUFG Bank, Ltd., delivering a broad spectrum of financial services globally, including in Japan, the United States, Europe, and the Asia/Oceania regio...
How the Company Makes Money
MUFG primarily makes money through its banking and financial services businesses. A core earnings driver is net interest income: it takes deposits and other funding, extends loans and other interest-earning assets (e.g., corporate and consumer loa...
Mitsubishi UFJ Financial Group Earnings Call Summary
Earnings Call Date:Nov 14, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong performance for MUFG in the first half of FY'24, with record high net operating profits and net income, significant progress towards annual targets, and successful expense management. However, challenges in the treasury business, increased G&A expenses, and FX fluctuations were noted. Overall, the highlights significantly outweigh the lowlights.Positive Updates
Record High Net Operating Profits
For the first half of FY'24, net operating profits were JPY1,305.3 billion, up by JPY219.5 billion year-on-year, marking the third consecutive year of record high first half profits.
Negative Updates
Decline in Treasury Business Profits
Global markets business group's profits in the treasury business decreased due to the limited decline in US interest rates.
Read all updates
Q2-2025 Updates
Positive
Negative
Record High Net Operating Profits
For the first half of FY'24, net operating profits were JPY1,305.3 billion, up by JPY219.5 billion year-on-year, marking the third consecutive year of record high first half profits.
Read all positive updates
Company Guidance
During the financial results briefing for the first half of the fiscal year ending March 31, 2025, Mitsubishi UFJ Financial Group (MUFG) provided updated performance metrics and revised targets. The Group recorded net operating profits of JPY1,305.3 billion, a year-on-year increase of JPY219.5 billion, marking its third consecutive year of record high first-half profits. Net income reached JPY1,258.1 billion, the highest since MUFG's establishment, and surpassed JPY1 trillion for the first time in the first half. Excluding changes in financial results closing dates for Morgan Stanley and Krungsri, profits increased by JPY391.5 billion. The Group achieved 83% progress towards its JPY1.5 trillion target set for the year. Key profit drivers included strong customer segment performance and gains on the sale of equity holdings. MUFG revised its net income target upwards by JPY250 billion to JPY1,750 billion and increased its annual dividend forecast to JPY60, alongside a JPY300 billion share repurchase plan. The Group's CET1 ratio stood at 11.2%, with a commitment to maintaining a target range of 9.5% to 10.5% while focusing on shareholder returns and intrinsic profit growth.Mitsubishi UFJ Financial Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.54T | 13.44T | 12.43T | 10.89T | 8.43T | 5.25T |
| Gross Profit | 8.57T | 7.64T | 7.03T | 5.38T | 5.38T | 4.37T |
| EBITDA | 3.71T | 3.77T | 2.97T | 2.41T | 1.90T | 1.85T |
| Net Income | 2.69T | 2.43T | 1.86T | 1.49T | 1.12T | 1.13T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 81.91T | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Total Debt | 71.83T | 78.35T | 67.30T | 61.23T | 62.41T | 46.73T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 22.70T | 22.27T | 20.52T | 19.59T | 17.23T | 17.02T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.63T | -450.29B | -10.31T | 13.03T | 9.46T |
| Operating Cash Flow | 0.00 | 7.94T | 6.42B | -9.84T | 13.43T | 9.84T |
| Investing Cash Flow | 0.00 | -18.89T | -186.95B | 3.99T | -10.68T | -2.20T |
| Financing Cash Flow | 0.00 | -8.72T | -861.12B | 8.31B | -977.14B | -1.08T |
Mitsubishi UFJ Financial Group Technical Analysis
Positive
3754.00
Price Trends
3486.74
Positive
3218.04
Positive
2911.21
Positive
Market Momentum
8.22
Positive
52.40
Neutral
35.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8306, the sentiment is Positive. The current price of 3754 is above the 20-day moving average (MA) of 3566.45, above the 50-day MA of 3486.74, and above the 200-day MA of 2911.21, indicating a bullish trend. The MACD of 8.22 indicates Positive momentum. The RSI at 52.40 is Neutral, neither overbought nor oversold. The STOCH value of 35.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8306.
Mitsubishi UFJ Financial Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥2.24T | 4.46 | 26.86% | 2.63% | 23.11% | 103.05% | |
69 Neutral | ¥40.02T | 15.17 | 11.49% | 2.29% | 11.03% | 48.61% | |
68 Neutral | ¥20.27T | 14.90 | 11.34% | 1.68% | 5.93% | 59.55% | |
68 Neutral | ¥25.52T | 15.31 | 10.37% | 2.19% | 10.65% | 46.42% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | ¥4.61T | 0.33 | 404.11% | 3.19% | 6.38% | 8.32% | |
58 Neutral | ¥11.59T | 19.72 | 5.71% | 2.17% | 39.22% | 43.01% |
* Financial Sector Average
JP:8306
Mitsubishi UFJ Financial Group
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Mitsubishi UFJ Financial Group Corporate Events
MUFG Capital Ratios Strengthen Under Basel 3 in First Quarter 2026
Aug 14, 2026
Mitsubishi UFJ Financial Group reported improved Basel 3 risk-based capital metrics for the quarter ended June 30, 2026, with its consolidated total capital ratio rising to 17.44% and Tier 1 and Common Equity Tier 1 ratios increasing to 15.60% and...
MUFG Confirms Reviewed Q1 Results and Sticks to ¥2.7 Trillion Profit Target
Aug 6, 2026
Mitsubishi UFJ Financial Group reported that its Japanese GAAP quarterly consolidated financial statements for the three months ended June 30, 2026 have completed an interim review by a Japanese audit firm, with no changes from figures announced o...
MUFG Delivers Strong First-Quarter Earnings and Confirms FY2027 Profit Target
Aug 3, 2026
Mitsubishi UFJ Financial Group reported strong results for the quarter ended June 30, 2026, with ordinary income rising 20.1% year-on-year to ¥3.91 trillion and profits attributable to owners of the parent climbing 48.2% to ¥809.4 billio...
Mitsubishi UFJ Financial Group Delivers Strong Profit Growth in Fiscal 2026
Jul 7, 2026
Mitsubishi UFJ Financial Group reported a strong performance for the fiscal year ended March 31, 2026, with total revenue rising to ¥11.87 trillion from ¥10.84 trillion and net income attributable to the group climbing to ¥1.73 tril...
MUFG Completes ¥100 Billion Share Buyback on Tokyo Market
Jun 26, 2026
Mitsubishi UFJ Financial Group has completed a share repurchase program authorized by its board in May, buying back 31,967,100 common shares through market purchases on the Tokyo Stock Exchange. The total outlay reached approximately ¥100 bil...
MUFG Revises Securities Disclosure in 2026 Consolidated Results
Jun 24, 2026
Mitsubishi UFJ Financial Group, Inc. has issued corrections to its consolidated summary report for the fiscal year ended March 31, 2026, prepared under Japanese GAAP. The revisions relate to selected financial information on securities, specifical...
MUFG Reports Progress on ¥100 Billion Share Repurchase Program
Jun 1, 2026
Mitsubishi UFJ Financial Group, Inc., a major global financial group based in Tokyo, offers a wide range of services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. With a lar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.