Financial group's net profit declines despite revenue increase

Mitsubishi UFJ Financial Group (MUFG) reported consolidated results for the fiscal year ending March 31, 2025, under US GAAP, showing a decrease in net profit despite an increase in total revenue. Total revenue rose to JPY10,836,109 million, up from JPY10,032,704 million in the previous year. However, net profit attributable to the company's shareholders decreased to JPY1,266,933 million compared to JPY1,325,869 million in the prior fiscal year. This was despite pre-tax profit rising to JPY1,795,576 million, compared to JPY1,878,226 million the year before. The company noted that this reporting period included an accounting change to align the fiscal year-end of one of its key subsidiaries, Krungsri, which was retrospectively applied. Basic earnings per share was JPY108.71, and diluted earnings per share was JPY108.18. The group's total assets stood at JPY405,940,211 million, and shareholder equity was JPY18,285,486 million. Cash flow from operating activities was JPY1,028,836 million.