Mitsubishi UFJ to record extraordinary loss of more than ¥ 340 billion Due to financial market turmoil 5:18 on April 1
Mitsubishi UFJ Financial Group posted an extraordinary loss of more than ¥ 340 billion in its financial results for the fiscal year ended March 31, 2010 due to the turmoil in the financial markets caused by the spread of the new coronavirus infection and the decline in the stock prices of overseas group banks. I announced that.
According to the announcement of Mitsubishi UFJ, the shares of Indonesian banks acquired last April and Thai banks acquired in December 2013 have fallen by more than 50% at the end of the fiscal year, respectively, since the initial acquisition. That is.
Initially, the amount acquired was much higher than the company's net assets, and there was an accounting asset called "goodwill". However, this asset was amortized in response to a decline in stock prices, and the company ended up with 3433 We have decided to record 100 million yen as extraordinary loss. In addition, the stock price of a bank in the Philippines, which holds a 20% stake, has fallen, and we plan to post a loss of about 20 billion yen.
Stock prices in the global stock market have dropped sharply due to the spread of the new coronavirus infection, but this has also affected financial institutions' performance.