EarningsQ2 2025 Earnings Report

Mitsubishi UFJ (MUFGN) Q2 2025 Earnings Report

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Previous Report: Q1 2025

Next Report: Q3 2025

MX:MUFGN Q2 2025 EPS Results

Actual EPS$7.67

Consensus EPS$5.62

Beat/MissBeat by +$2.05

One Year Ago EPS$7.05

MX:MUFGN Q2 2025 Revenue Results

Actual Revenue$400.25B

Expected Revenue―

Beat/Miss―

YoY Revenue Growth+3.56%

Earnings Announcement Details

QuarterQ2 2025

Date11/14/2025

TimeBefore Open

Conference CallFriday, November 14, 2025

MX:MUFGN Upcoming Earnings

Mitsubishi UFJ's next earnings date is estimated for November 16, 2026, based on past reporting schedules.

Q2 2025 Earnings Call Audio

MX:MUFGN Q2 2025 Earnings Call

0:00 / 0:00

Q2 2025 Earnings Slide Deck

Q2 2025 Earnings Call Summary

Q2 2025

Earnings Call Date:Nov 14, 2025|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call presented a positive outlook with record high profits and an upward revision of earnings targets. Shareholder returns were increased with higher dividend forecasts and share repurchases. However, the performance in global markets and the impact of FX fluctuations presented challenges. Overall, the positive highlights significantly outweighed the lowlights.

Company Guidance

During the call, Mitsubishi UFJ Financial Group (MUFG) provided detailed guidance for the first half of fiscal year 2024, highlighting key financial metrics and future targets. The group reported a record high net operating profit of JPY1,305.3 billion, a year-on-year increase of JPY219.5 billion, marking the third consecutive year of record profits for the first half. Net income also reached an unprecedented JPY1,258.1 billion, the first time it exceeded JPY1 trillion in the first half. The company revised its fiscal year 2024 profit target upwards to JPY1,750 billion, reflecting an 83% progress towards its initial target. The increase in profits was driven by strong customer segment performance and significant gains from the sale of equity holdings. MUFG also announced an increase in its annual dividend forecast to JPY60 and plans for an additional JPY300 billion share repurchase, with a focus on maintaining a CET1 ratio within the target range of 9.5% to 10.5%. The bank aims to achieve a return on equity (ROE) of around 9% ahead of schedule, with plans to revise its medium to long-term targets to reflect ongoing growth and profitability improvements.

Record High Profits

Net operating profits were JPY 1,305.3 billion, up by JPY 219.5 billion year-on-year, marking the third consecutive year of record high first half profits. Net income reached JPY 1,258.1 billion, the highest profit since MUFG was established.

Revised Upward Earnings Targets

The company revised its net income target upwards by JPY 250 billion to JPY 1,750 billion for FY'24, due to strong growth in customer segments and progress in equity holdings sales.

Increased Shareholder Returns

Annual dividend forecast raised to JPY 60, an increase of JPY 10 against the initial forecast, with additional share repurchase of up to JPY 300 billion.

Improved Expense Ratio

Expense ratio improved by 1.1 percentage points year-on-year to 55.1% due to successful expense controls and gross profit increase.

Reduction in Equity Holdings

Significant reduction in equity holdings, with sales reaching JPY 170 billion in the first half, and an agreed amount to be sold reaching over 60% of the revised target.

MX:MUFGN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 16, 2026	2026 (Q2)	7.82 / -	7.671	―
Aug 03, 2026	2026 (Q1)	6.87 / 8.27	5.853	41.30% (+2.42)
May 15, 2026	2025 (Q4)	4.44 / 6.22	1.272	388.57% (+4.94)
Feb 04, 2026	2025 (Q3)	5.14 / 5.31	5.035	5.42% (+0.27)
Nov 14, 2025	2025 (Q2)	5.62 / 7.67	7.053	8.76% (+0.62)
Aug 04, 2025	2025 (Q1)	5.34 / 5.85	5.89	-0.62% (-0.04)
May 15, 2025	2024 (Q4)	1.67 / 1.27	1.909	-33.33% (-0.64)
Feb 04, 2025	2024 (Q3)	3.13 / 5.04	3.799	32.54% (+1.24)
Nov 14, 2024	2024 (Q2)	4.82 / 7.05	3.69	91.13% (+3.36)
Aug 01, 2024	2024 (Q1)	4.34 / 5.89	5.89	0.00% (0.00)

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