• Bloomberg

  • SHARE

Mitsubishi UFJ Financial Group Inc. posted a 66 percent drop in first-quarter profit, missing analysts’ estimates, as bad-loan costs soared, the company said Tuesday.

Net income declined to ¥51.2 billion in the three months ended June 30 from ¥151.3 billion a year earlier, Japan’s biggest bank by market value said. That was less than the average estimate of ¥127.8 billion by four analysts in a recent survey.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW