Mitsubishi UFJ Financial Group Inc. said Monday its group pretax profit and operating revenue in the April-June quarter posted sizable gains from the year before following last October’s merger.
In its group earnings report for the first quarter, MUFJ said pretax profit came to 321.79 billion yen, up from 292.88 billion yen in the combined pretax profit of the two previous components — Mitsubishi Tokyo Financial Group Inc. and UFJ Holdings Inc.
The MUFG operating revenue in the latest reporting quarter amounted to 1.31 trillion yen, up from 1.15 trillion yen in the combined operating revenue of the two components.
However, MUFG said its net profit for the latest quarter decreased to 219.54 billion yen from 260.43 billion yen in the corresponding period a year ago.
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