Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. raised their full-year profit goals after the economic revival spurred lending and an equity rally boosted fees and the value of their shareholdings.
Net income at Mitsubishi UFJ will probably total ¥910 billion in the year ending in March, the nation's biggest bank said in a statement Thursday, raising its target 20 percent.
Mizuho, the third-biggest lender by market value, increased its forecast 20 percent to ¥600 billion, even as it grapples with a probe into loans to crime groups.