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Mitsubishi UFJ
(NYSE:MUFG)
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Rating:68Neutral
Price Target:
$25.00
â–²(9.22% Upside)
Action:Reiterated
Date:08/18/26
The score is driven primarily by solid financial performance backed by strong multi-year growth, tempered by elevated leverage and uneven cash-flow consistency. Technicals add support due to a clear uptrend and positive momentum indicators, while valuation is reasonable with a mid-teens P/E and a moderate dividend yield.
Positive Factors
Strong multi-year revenue and earnings growth
Sustained expansion in revenue and net income indicates broad business momentum across MUFG’s banking, trust, securities, and fee-based operations, strengthening its earnings base over the medium term.
Negative Factors
Elevated and rising leverage
Higher leverage increases sensitivity to funding costs, refinancing conditions, and asset-quality deterioration. It can also constrain financial flexibility if credit losses or market disruptions become more severe.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong multi-year revenue and earnings growth
Sustained expansion in revenue and net income indicates broad business momentum across MUFG’s banking, trust, securities, and fee-based operations, strengthening its earnings base over the medium term.
Read all positive factors
Mitsubishi UFJ (MUFG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$255.96B
Dividend Yield2.67%
Average Volume (3M)3.21M
Price to Earnings (P/E)15.5
Beta (1Y)1.14
Revenue Growth7.56%
EPS Growth43.28%
CountryUS
Employees161,576
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)240.82
Shares Outstanding11,867,711,000
10 Day Avg. Volume3,506,470
30 Day Avg. Volume3,214,967
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$25.08Price Target Upside9.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.56
Revenue Forecast (FY)$38.40B
Mitsubishi UFJ Business Overview & Revenue Model
Company Description
Mitsubishi UFJ Financial Group, Inc. (MUFG), a prominent financial powerhouse tracing its origins to 1880 and headquartered in Tokyo, Japan, serves as the parent company for MUFG Bank, Ltd. This conglomerate provides an extensive range of financia...
How the Company Makes Money
MUFG primarily earns revenue by intermediating money and providing fee-based financial services across its banking, trust, and securities businesses. A core source is net interest income: MUFG takes deposits and other funding and deploys them into...
Mitsubishi UFJ Earnings Call Summary
Earnings Call Date:Nov 14, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 16, 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 | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.07T | 14.25T | 12.43T | 10.89T | 8.43T | 5.25T |
| Gross Profit | 7.91T | 8.10T | 7.03T | 5.38T | 5.38T | 4.37T |
| EBITDA | 3.74T | 4.00T | 2.97T | 2.41T | 1.90T | 1.85T |
| Net Income | 2.71T | 2.57T | 1.86T | 1.49T | 1.12T | 1.13T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 81.37T | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Total Debt | 71.35T | 78.69T | 67.30T | 61.23T | 62.41T | 46.73T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 22.55T | 22.37T | 20.52T | 19.59T | 17.23T | 17.02T |
Cash Flow | ||||||
| Free Cash Flow | 8.09T | 8.09T | -450.29B | -10.31T | 13.03T | 9.46T |
| Operating Cash Flow | 8.42T | 8.42T | 6.42B | -9.84T | 13.43T | 9.84T |
| Investing Cash Flow | -20.03T | -20.03T | -186.95B | 3.99T | -10.68T | -2.20T |
| Financing Cash Flow | -9.25T | -9.25T | -861.12B | 8.31B | -977.14B | -1.08T |
Mitsubishi UFJ Technical Analysis
Positive
22.89
Price Trends
21.51
Positive
19.87
Positive
18.39
Positive
Market Momentum
0.38
Positive
56.32
Neutral
75.01
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 22.89 is above the 20-day moving average (MA) of 22.56, above the 50-day MA of 21.51, and above the 200-day MA of 18.39, indicating a bullish trend. The MACD of 0.38 indicates Positive momentum. The RSI at 56.32 is Neutral, neither overbought nor oversold. The STOCH value of 75.01 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 |
|---|---|---|---|---|---|---|---|
84 Outperform | $264.72B | 12.49 | 12.57% | 2.09% | 4.24% | 18.04% | |
74 Outperform | $215.54B | 11.43 | 15.48% | 2.24% | 16.84% | 33.67% | |
72 Outperform | $355.85B | 14.71 | 12.98% | 3.62% | -5.19% | 39.48% | |
68 Neutral | $255.96B | 15.46 | 11.49% | 2.65% | 7.56% | 43.28% | |
68 Neutral | $165.71B | 15.57 | 10.89% | 2.56% | 7.19% | 41.88% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $232.34B | 14.69 | 8.39% | 1.82% | 3.91% | 37.25% |
* Financial Sector Average
MUFG
Mitsubishi UFJ
22.72
7.51
49.38%
C
Citigroup
137.65
45.85
49.95%
HSBC
HSBC Holdings
103.18
42.14
69.04%
SMFG
Sumitomo Mitsui
25.81
9.19
55.29%
WFC
Wells Fargo
87.40
11.53
15.19%
SAN
Banco Santander SA
14.24
4.89
52.33%
Mitsubishi UFJ Corporate Events
Mitsubishi UFJ Bolsters Global Funding With New Senior Callable Notes
Jul 24, 2026
On July 24, 2026, Mitsubishi UFJ Financial Group filed a Form 6-K with the U.S. Securities and Exchange Commission, incorporating into its shelf registration the legal opinions supporting a new series of U.S.-dollar senior notes. The filing detail...
Mitsubishi UFJ Details Shareholder Meeting Votes and Large Year-End Dividend
Jun 30, 2026
On June 30, 2026, Mitsubishi UFJ Financial Group filed a Form 6-K and an extraordinary report detailing the outcomes of its 21st Annual General Meeting of Shareholders held on June 26, 2026. The filing also notes that the report is incorporated by...
Mitsubishi UFJ Financial Group Sets June 25, 2026 AGM with Expanded Electronic Voting
May 29, 2026
Mitsubishi UFJ Financial Group, Inc. has called its 21st Annual General Meeting of Shareholders, with the notice dated June 5, 2026 and the electronic provision of related materials commencing on May 29, 2026. The group is enabling shareholders to...
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.