MUFG raises earnings target, dividend; announces share buyback

Mitsubishi UFJ Financial Group announced an upward revision to its consolidated net income target attributable to owners of parent for the fiscal year ending March 31, 2026, from 20,000 bn yen to 21,000 bn yen, a 5.0% increase. This adjustment reflects strong performance in customer segments and increased equity earnings from its equity method investees, including Morgan Stanley. Consequently, the year-end dividend forecast for the same fiscal year has been raised from 35.00 yen to 39.00 yen per share, resulting in a total annual dividend of 74.00 yen per share.

In addition to the financial forecast revisions, MUFG's board approved a share repurchase program for up to 130 million common shares, representing 1.08% of outstanding shares (excluding treasury stock), with a maximum value of 250,000,000,000 yen. This buyback will occur from November 17, 2025, to February 27, 2026, via market purchases on the Tokyo Stock Exchange. Furthermore, MUFG plans to cancel 200 million common shares, or 1.66% of total outstanding shares (before cancellation), on November 28, 2025, to enhance capital efficiency.