• Bloomberg


Mitsubishi UFJ Financial Group Inc., the nation’s biggest bank, reported Thursday a smaller-than-estimated decline in first-quarter profit as lending income and fees rose, shrugging off an equity-market slowdown.

Net income fell 5.8 percent from a year earlier to ¥240.5 billion in the three months ended June 30, the Tokyo-based company said in a statement. Mizuho Financial Group Inc., the third-biggest lender by market value, said profit decreased 38 percent to ¥154.7 billion.

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.