MUFG boosts earnings target and dividend forecast for FY25

Mitsubishi UFJ Financial Group (MUFG) [TSE:8306] announced an upward revision to its earnings target and year-end dividend forecast for the fiscal year ending March 31, 2025, marking the second such increase. The company now expects profits attributable to owners of parent to reach JPY1,860.0bn, an increase of JPY110.0bn from the previous target of JPY1,750.0bn. This revision is driven by one-time profits, including policy-based equity sales and reversals of loan loss provisions, as well as the strong performance of Morgan Stanley, in which MUFG holds an equity stake.