Mitsubishi Ufj Financial (MUFG)
NYSE:MUFG
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Mitsubishi UFJ
(NYSE:MUFG)
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Rating:68Neutral
Price Target:
$20.50
â–²(29.66% Upside)
Action:Reiterated
Date:05/18/26
Overall score is driven primarily by constructive fundamentals (strong revenue and earnings growth) but held back by elevated leverage and uneven cash-flow consistency. Technicals are supportive with clear trend strength, and valuation is reasonable with a moderate P/E and solid dividend yield.
Positive Factors
Revenue & Earnings Growth
Sustained multi-year revenue and net income expansion indicates the core banking and fee businesses are scaling. A growing top line across segments supports recurring profitability, strengthens internal capital generation and underpins strategic investments over the next several months.
Negative Factors
Elevated Leverage
Higher leverage materially increases sensitivity to funding stress and asset-quality shocks. With a very large balance sheet, elevated debt-to-equity limits loss-absorbing capacity, may constrain capital actions and raises structural funding and regulatory risk over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Earnings Growth
Sustained multi-year revenue and net income expansion indicates the core banking and fee businesses are scaling. A growing top line across segments supports recurring profitability, strengthens internal capital generation and underpins strategic investments over the next several months.
Read all positive factors
Mitsubishi UFJ (MUFG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$219.31B
Dividend Yield2.48%
Average Volume (3M)3.01M
Price to Earnings (P/E)14.5
Beta (1Y)1.23
Revenue Growth3.82%
EPS Growth34.94%
CountryUS
Employees140,000
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)215.72
Shares Outstanding11,867,711,000
10 Day Avg. Volume3,163,189
30 Day Avg. Volume3,005,389
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.37
Price to Sales (P/S)2.15
P/FCF Ratio3.79
Enterprise Value/Market Cap95.72
Enterprise Value/Revenue1.59
Enterprise Value/Gross Profit2.90
Enterprise Value/Ebitda6.29
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.42
Revenue Forecast (FY)$36.16B
Mitsubishi UFJ Business Overview & Revenue Model
Company Description
Mitsubishi UFJ Financial Group, Inc. operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Busi...
How the Company Makes Money
MUFG makes money primarily by earning interest income and fee-based income across its banking, trust, and securities-related businesses, supplemented by trading/markets activities and other financial services.
1) Net interest income (lending and ...
Mitsubishi UFJ Earnings Call Summary
Earnings Call Date:Nov 14, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Positive
The earnings call presented a positive outlook with record high profits and an upward revision of earnings targets. Shareholder returns were increased with higher dividend forecasts and share repurchases. However, the performance in global markets and the impact of FX fluctuations presented challenges. Overall, the positive highlights significantly outweighed the lowlights.Positive Updates
Record High Profits
Net operating profits were JPY 1,305.3 billion, up by JPY 219.5 billion year-on-year, marking the third consecutive year of record high first half profits. Net income reached JPY 1,258.1 billion, the highest profit since MUFG was established.
Negative Updates
Challenges in Global Markets
Profits in the global markets business group decreased due to limited decline in US interest rates, though it is trending in line with fiscal year expectations.
Read all updates
Q2-2025 Updates
Positive
Negative
Record High Profits
Net operating profits were JPY 1,305.3 billion, up by JPY 219.5 billion year-on-year, marking the third consecutive year of record high first half profits. Net income reached JPY 1,258.1 billion, the highest profit since MUFG was established.
Read all positive updates
Company Guidance
During the call, Mitsubishi UFJ Financial Group (MUFG) provided detailed guidance for the first half of fiscal year 2024, highlighting key financial metrics and future targets. The group reported a record high net operating profit of JPY1,305.3 billion, a year-on-year increase of JPY219.5 billion, marking the third consecutive year of record profits for the first half. Net income also reached an unprecedented JPY1,258.1 billion, the first time it exceeded JPY1 trillion in the first half. The company revised its fiscal year 2024 profit target upwards to JPY1,750 billion, reflecting an 83% progress towards its initial target. The increase in profits was driven by strong customer segment performance and significant gains from the sale of equity holdings. MUFG also announced an increase in its annual dividend forecast to JPY60 and plans for an additional JPY300 billion share repurchase, with a focus on maintaining a CET1 ratio within the target range of 9.5% to 10.5%. The bank aims to achieve a return on equity (ROE) of around 9% ahead of schedule, with plans to revise its medium to long-term targets to reflect ongoing growth and profitability improvements.Mitsubishi UFJ Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
57
Neutral
Cash Flow
45
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.25T | 12.43T | 10.89T | 8.43T | 5.25T |
| Gross Profit | 8.10T | 7.03T | 5.38T | 5.38T | 4.37T |
| EBITDA | 4.00T | 2.97T | 2.41T | 1.90T | 1.85T |
| Net Income | 2.57T | 1.86T | 1.49T | 1.12T | 1.13T |
Balance Sheet | |||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Total Debt | 78.69T | 89.40T | 61.23T | 62.41T | 46.73T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 22.37T | 20.52T | 19.59T | 17.23T | 17.02T |
Cash Flow | |||||
| Free Cash Flow | 8.09T | -450.29B | -10.31T | 13.03T | 9.46T |
| Operating Cash Flow | 8.42T | 6.42B | -9.84T | 13.43T | 9.84T |
| Investing Cash Flow | -20.03T | -186.95B | 3.99T | -10.68T | -2.20T |
| Financing Cash Flow | -9.25T | -861.12B | 8.31B | -977.14B | -1.08T |
Mitsubishi UFJ Technical Analysis
Positive
15.81
Price Trends
18.17
Positive
18.12
Positive
16.84
Positive
Market Momentum
0.38
Negative
69.67
Neutral
77.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MUFG, the sentiment is Positive. The current price of 15.81 is below the 20-day moving average (MA) of 18.95, below the 50-day MA of 18.17, and below the 200-day MA of 16.84, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 69.67 is Neutral, neither overbought nor oversold. The STOCH value of 77.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MUFG.
Mitsubishi UFJ Risk Analysis
Mitsubishi UFJ disclosed 24 risk factors in its most recent earnings report. Mitsubishi UFJ reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mitsubishi UFJ Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $321.13B | 14.15 | 12.07% | 4.14% | -6.12% | 12.49% | |
70 Outperform | $146.71B | 15.01 | 10.37% | 2.54% | 4.88% | 39.26% | |
68 Neutral | $219.31B | 14.53 | 11.49% | 2.48% | 3.82% | 34.94% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $222.82B | 14.68 | 7.53% | 1.94% | 3.02% | 27.74% | |
65 Neutral | $240.78B | 11.94 | 12.04% | 1.80% | 1.28% | 16.35% | |
64 Neutral | $180.25B | 9.75 | 15.73% | 1.85% | -14.46% | 36.76% |
* Financial Sector Average
MUFG
Mitsubishi UFJ
20.05
6.27
45.50%
C
Citigroup
135.15
60.18
80.27%
HSBC
HSBC Holdings
92.62
35.79
62.99%
SMFG
Sumitomo Mitsui
23.58
8.38
55.13%
WFC
Wells Fargo
81.62
8.33
11.36%
SAN
Banco Santander SA
12.47
4.62
58.93%
Mitsubishi UFJ Corporate Events
Mitsubishi UFJ Updates U.S. Senior Note Documentation With New Fixed- and Floating-Rate Forms
Apr 21, 2026
Mitsubishi UFJ Financial Group, Inc., one of Japan’s largest banking groups with a broad global footprint in commercial and investment banking, continues to tap international capital markets through senior unsecured debt instruments. Its ope...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.