Consolidated financial results for the first quarter (April-June 2023) of the three mega banking groups in Japan will be available by August 1st. The total net profit forecast (average) compiled by Bloomberg is expected to increase significantly to 781.5 billion yen, up 48.7% from the same period last year.
The breakdown is 386.5 billion yen for Mitsubishi UFJ Financial Group, 236.1 billion yen for Sumitomo Mitsui Financial Group, and 158.9 billion yen for Mizuho Financial Group. Sumitomo Mitsui FG and Mizuho FG are scheduled to announce their financial results on July 31, and MUFG on August 1.
Here’s what analysts said in their report:
Mr. Takahiro Yano of JP Morgan Securities MUFG expects many companies to achieve favorable financial results because they do not anticipate any particularly large credit costs, and the weaker yen will benefit megabanks. sex. Net profit of 400 billion yen expected Mia As of the first quarter, there is a high possibility that the full-year plan will not be revised. The environment surrounding financial institutions remains uncertain. Sumitomo Mitsui Financial Group expects net income for the first quarter to be 30.2% of the full-year forecast.Mr. Masahiko Sato of SMBC Nikko Securities expects to repurchase its own shares in the first half of the fiscal year if it can be confirmed that business performance is progressing smoothly. Mizuho FG expects progress of around 30%
2023-07-30 22:00:00
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