$MUFG

Mitsubishi UFJ Financial Group (MUFG) reported higher Q1 results under Japanese GAAP for the three months ended June 30, 2026. Ordinary income rose 20.1% to 3,907,543 million yen, ordinary profits increased 57.8% to 1,117,934 million yen, and profit attributable to owners climbed 48.2% to 809,427 million yen. ROE (JPX basis) rose to 14.40%. MUFG kept its FY ending March 31, 2027 target of 2,700.0 billion yen and forecast total common dividends of 96.00 yen per share.

Japan’s Nikkei rose 3.66% to 66,300.44, a two-week high, with AI-linked stocks leading. Topix gained 2.13% to 4,046.17. Advantest rose 8.77% and Tokyo Electron 3.26%, tracking US semis. Murata jumped 9.82% and Fanuc rose 4.41%. Fast Retailing fell 2.33% and Daikin dropped 6.31%.

Japan and the US coordinated currency intervention to strengthen the yen after a long slide. The USD/JPY (JPY=X) fell from about 164 to around 155. The first joint intervention since 2011 and first US yen-strengthening step since 1998. Japanese shares including Toyota (TM), Sony (SONY), Honda (HMC) and MUFG (MUFG) moved lower Monday, while S&P 500 (^GSPC) stayed near records.

Japan’s three largest banks, MUFG, SMFG and Mizuho, reported record FY2025 net income totaling about ¥5.26 trillion, up about 34% year over year, helped by Bank of Japan rate normalisation. BOJ raised its policy rate to 1% on June 16. S&P Global expects profits to keep rising through FY2026.

Mitsubishi UFJ Financial Group reported quarterly net profit up 48% to 809.43 billion yen ($5.14 billion) for the three months ended June, beating an S&P Global Market Intelligence estimate of 644.01 billion yen. The bank cited higher domestic lending rates linked to Bank of Japan policy tightening. It reiterated a FY ending March 2027 net profit target of 2.700 trillion yen.

As Japan’s booming leveraged finance market reaches record highs, it is undergoing a gradual reorganisation, with a slew of new lenders helping the traditionally dominant Japanese megabanks to sell down risk. Japan’s LBO loan volumes have already surged to an all-time high this year at US$8.17bn via 10 deals – more than double the full-year volume of US$3.97bn for 2025, according to LSEG LPC data.

Mitsubishi UFJ Financial Group (MUFG) launched a US$4.6bn structured notes issuance programme outside Japan for institutional investors in EMEA and Asia ex-Japan, aiming to expand its trading and financing. MUFG will start with interest rate and FX-linked principal-protected callable and range accrual notes, citing traction and potential expansion.

Pakistan’s Finance Minister Muhammad Aurangzeb met bank consortia in Washington to appoint advisers for Pakistan’s Global Medium-Term Note and International Sukuk programmes. Eurobond consortium includes Standard Chartered, Citibank, Deutsche Bank, Emirates NBD Capital and MUFG Securities Asia. Sukuk consortium adds Dubai Islamic Bank and Mashreq Bank. Appointments run three years for frequent sovereign issuances.

IDF and Oaktree said they will invest $1.7bn to deploy Bloom Energy fuel-cell systems for Nebius’ AI cloud infrastructure, providing behind-the-meter power to meet rising computing demand. IDF is principal developer and Oaktree takes a minority equity stake. Morgan Stanley provides tax equity and placement, MUFG provides senior debt, according to the firms.

Japan’s government is considering a framework to help MUFG, Sumitomo Mitsui Banking Corp, and Mizuho secure long-term U.S. dollar funding for investment projects under a July trade deal with the US. The Finance Ministry is discussing support with JBIC, including possible use of dollars from the Foreign Exchange Fund Special Account. The first project batch totals $2.22 billion.