[Tokyo 4th Reuters]–Mitsubishi UFJ Financial Group announced on April 4 that consolidated net income for the April-December period of 2020 will increase 3.3% year-on-year to 607 billion yen, an annual forecast of 600 billion yen. Reached.
In the same period of the previous year, an impairment loss was recorded due to the slump in the stock price of Indonesian subsidiary Bank Danamon.
Consolidated gross profit increased 1.6% to 2,996.1 billion yen, and consolidated net profit, which indicates the profit of the main business, increased 9.1% to 973 billion yen.
Credit-related expenses in preparation for the deterioration of business performance of business partners increased by 259.3 billion yen from the same period of the previous year to 343.6 billion yen. Although it has increased from the previous year, the progress rate against the annual forecast (500 billion yen) was only 68.7%.
The full-year consolidated net income forecast has been left unchanged at 600 billion yen. Mitsubishi UFJFG raised its full-year forecast from 550 billion yen to 600 billion yen when it announced its second quarter financial results.
According to the IBES consensus forecast, the average forecast of 10 analysts is 628.5 billion yen.
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