Hironori Kamezawa
President & Group CEO
Replay available
Mitsubishi UFJ Financial Group, Inc. (MUFG) Q2 2026 Earnings Call
Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG) Q2 2026 earnings conference call, held 2025-11-18. Replay captured from the company's public earnings webcast.
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WEBVTT 00:00:00.031 -- 00:00:04.958 Good evening, investors, shareholders, and rating agencies. 00:00:04.958 -- 00:00:10.125 I am Togawa, Group CFO. Thank you very much for joining MEFG's online conference 00:00:10.125 -- 00:00:15.352 call today, despite the late hour. Please look at the material titled Financial Highlights 00:00:15.352 -- 00:00:20.439 Under J-GAP for the first half of the fiscal year ending March 31, 2026. 00:00:20.439 -- 00:00:25.466 Let me first explain our Q2 financial results, followed by revised FY25 performance 00:00:25.466 -- 00:00:30.654 targets and shareholder return measures. Let me start from the income statement summary. 00:00:30.654 -- 00:00:35.761 Please turn to page 8. First, the figures for the first half of FY24 00:00:35.761 -- 00:00:40.808 on the far left column of the table include the impact of the change in the equity 00:00:40.808 -- 00:00:44.453 method accounting date at Koon See in Thailand. 00:00:44.453 -- 00:00:50.378 So the far right column shows the actual year-over-year change, adjusting this impact. 00:00:50.601 -- 00:00:56.907 All explanations on this page will be based on adjusted year-on-year comparisons. 00:00:57.153 -- 00:01:01.896 Line 1, gross profits increased by 189.3 00:01:01.899 -- 00:01:07.345 billion yen year-on-year. Line 2 and below shows the breakdown of gross profits. 00:01:07.345 -- 00:01:12.411 Net interest income increased thanks to the impact of rising yen interest rates, improving 00:01:12.411 -- 00:01:17.755 lending spreads, and benefits from last year's bond portfolio rebalancing. 00:01:17.757 -- 00:01:22.851 In addition... Net fees and commissions expanded significantly, primarily due to 00:01:22.851 -- 00:01:28.038 growth in various fee revenues from domestic and overseas solution services and e...