Mitsubishi UFJ Financial Group Reports 50% Rise In Net Profit

Mitsubishi UFJ Financial Group Inc MTU reported a 50% jump in its net profit for the fiscal year ended March. The group's net profit increased to Y583.08 billion, versus a net profit of Y388.73 billion, in the year-earlier period. The group's operating revenue declined 10% to Y4.529 trillion from Y5.040 trillion. The group projects its current fiscal-year net profit of Y600 billion. MTU shares fell 3.51% to close at $4.68 on Friday. Read more from Benzinga's Company news.