UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of November 2024

Commission File No. 000-54189

 

 

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

 

 

4-5, Marunouchi 1-chome, Chiyoda-ku

Tokyo 100-8330, Japan

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F    Form 40-F 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

 

 


THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-273681) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 14, 2024

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Toshinao Endo

Name:   Toshinao Endo
Title:   Managing Director, Head of Documentation & Corporate Secretary Department, Corporate Administration Division


Mitsubishi UFJ Financial Group, Inc. (MUFG)

MUFG Revises Earnings Target and Dividend Forecast

Tokyo, November 14, 2024 — MUFG today announced that it has revised its earnings target for profits attributable to owners of parent and its year-end dividend forecast for the fiscal year ending March 31, 2025, both announced on May 15, 2024, to take into account recent business performance trends.

 

1.

Revision of Earnings Target

 

  (1)

Earnings target for the fiscal year ending March 31, 2025, under Japanese GAAP

 

     Profits attributable to
owners of parent
 

Previous earnings target (A)

   ¥ 1,500.0 bn 

Revised earnings target (B)

   ¥ 1,750.0 bn 

Change (B-A)

   ¥ 250.0 bn 

Change (%)

     16.6

[Reference]

The result for the fiscal year ended March 31, 2024

   ¥ 1,490.7 bn 

 

  (2)

Reason for the Revision

Based on steady progress in the business performance of the customer segment and the increase in gains on sales of equity securities due to the accelerated dissolution of cross-shareholdings, we anticipate an increase in ordinary profit by ¥350 billion compared with the initial forecast.

As a result, we have upwardly revised the earnings target for profits attributable to owners of parent by ¥250 billion, setting it at ¥1,750 billion.

In line with this, we aim to achieve the financial targets of the Medium-term Business Plan (MTBP), which covers the three years starting from the fiscal year ending March 2025, including “profits attributable to owners of parent of ¥1,600 billion or more” and “ROE of approximately 9%,” ahead of schedule, in the current fiscal year ending March 2025.

 

1


2.

Revision of Dividend Forecast

 

  (1)

Dividend forecast for the fiscal year ending March 31, 2025

 

     Dividend per share  

Term

   Interim
dividend
     Year-end
dividend
     Annual
dividend
 

Previous forecast

      ¥ 25.00      ¥ 50.00  

Revised forecast

      ¥ 35.00      ¥ 60.00  

Actual result for fiscal year ending March 31, 2025

   ¥ 25.00        

Actual result for fiscal year ended March 31, 2024

   ¥ 20.50      ¥ 20.50      ¥ 41.00  

 

  (2)

Reason for the Revision

MUFG continuously seeks to improve shareholder returns, focusing on dividends in the pursuit of an optimal balance between solid equity capital and strategic investment for growth. Regarding dividends, MUFG aims for a stable and sustainable increase in dividend per share through profit growth. In the MTBP, MUFG will maintain a disciplined capital management approach with a target dividend payout ratio of approximately 40%.

Based on these policies and the revision of the earnings target, MUFG has revised its year-end dividend forecast for this fiscal year from ¥25.00 to ¥35.00 per share. As a result, the annual dividend for the fiscal year ending March 31, 2025 is forecast to be ¥60.00 per share.

- End -

 

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About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.

 

This notice contains forward-looking statements regarding estimates, forecasts, etc. in relation to the results of operations, financial conditions and other general management of MUFG and/or the group as a whole (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, MUFG’s current estimates, perceptions and evaluations. In addition, in order for MUFG to adopt such estimates, forecasts, etc. regarding future events, certain assumptions have been made. Accordingly, the statements and assumptions are inherently not guarantees of future performance and may result in inaccuracy from an objective point of view and in material differences from actual results. There exist a number of factors that might lead to uncertainties and risks. For the main matters that may be currently forecast, please see the most recent Financial Highlights, the Annual Securities Report, Disclosure Book, Annual Report, and other disclosures that MUFG has announced.

 

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