The interim results of the three major financial groups all increased significantly, with the final profits of Mitsubishi UFJ Financial Group reaching record highs.
This is because the number of corporate bankruptcies was less than expected, and the cost of preparing for a loan burn was reduced.
Mitsubishi UFJ Financial Group announced on the 15th that the final profit for this year was 781.4 billion yen, which is 95% higher than the same period last year, which is the highest ever for the interim financial results. ..
In addition,
▽ Sumitomo Mitsui Financial Group also increased its final profit by 68% to 456 billion yen
▽ Mizuho Financial Group increased by 78% to 385.6 billion yen,
both of which were significant increases.
This is mainly due to the fact that the number of corporate bankruptcies was less than expected, partly due to the effects of the government's financial support measures for companies, and the cost of preparing for the burning of loans decreased.
All three companies have revised their outlook for final profit for the current fiscal year upward, saying that economic activity is expected to resume in earnest in the future.
Hironori Kamezawa, president of Mitsubishi UFJ Financial Group, said at a press conference, "We expect the infection to subside and the economy to recover moderately in Japan, but the recovery of the financial results of the lenders is polarized, so we will continue to do so. We need to be careful. "