Japan’s top lender MUFG reports 47% rise in annual profit | Reuters

Japan’s top lender Mitsubishi UFJ Financial Group Inc (MUFG) posted on Monday a 47.1% rise in full-year net profit, after last year’s earnings were hit by an impairment charge on its units in Southeast Asia.

Profit for the year ended in March came in at 777 billion yen compared with 528.2 billion yen a year ago, MUFG said in a statement. That also compared with an average estimate of 708.9 billion yen from eight analysts surveyed by Refinitiv. (Reporting by Takashi Umekawa; Editing by Muralikumar Anantharaman and Louise Heavens)

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