Lower uncertainty in operating environment will benefit MUFG and SMFG; shares undervalued.
Mitsubishi UFJ Financial Group, or MUFG, posted third-quarter results largely in line with our estimates. For the nine months ended December 2017, the bank maintained its overall business trend with more conservative balance sheet management than its peers. Net profit increased 9.7% to JPY 863 billion, already reaching 91% and 87% of the company’s guidance and our forecast, respectively. Management stated that it will maintain its full-year earnings forecast, citing larger charges that are expec...Mitsubishi UFJ Financial Group is financial groups with total assets of Y297,185,019 million as of Mar. 31, 2017. Co. is the holding company for The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities Holdings Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Mitsubishi UFJ NICOS Co., Ltd., and other companies. As a bank holding company, Co. is regulated under the Banking Law of Japan. Its services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and many more fields of financial services.
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