Skip to contentHome page Seeking Alpha - Power to InvestorsTranscriptsJapanNov. 17, 2025 3:27 PM ETMitsubishi UFJ Financial Group, Inc. (MUFG) Stock, MBFJF Stock, MUFG:CA StockMUFG, MBFJF, MUFG:CASA Transcripts156.87K FollowersCommentsMitsubishi UFJ Financial Group, Inc. (MUFG) Q2 2026 Earnings Call November 16, 2025 7:00 PM ESTCompany ParticipantsJun Togawa - Senior Managing Corporate Executive & Group CFOConference Call ParticipantsKen Takamiya - Nomura Securities Co. Ltd., Research DivisionShinichiro Nakamura - BofA Securities, Research DivisionMaoki Matsuno - Mizuho Securities Co., Ltd., Research DivisionKen Matsuda - Daiwa Securities Co. Ltd., Research DivisionTakahiro Yano - JPMorgan Chase & Co, Research DivisionPresentationJun TogawaSenior Managing Corporate Executive & Group CFOGood evening, investors, shareholders and rating agencies. I am Togawa, Group CFO. Thank you very much for joining MUFG's online conference call today despite the late hour. Please look at the material titled Financial Highlights under JGAAP for the first half of the fiscal year ending March 31, 2026.Let me first explain our Q2 financial results, followed by revised FY '25 performance targets and shareholder return measures. Let me start from the income statement summary. Please turn to Page 8.First, the figures for the first half of FY '24 on the far left column of the table include the impact of the change in the equity method accounting date at Krungsri in Thailand. So the far right column shows the actual year-over-year change, adjusting this impact. All explanations on this page will be based on adjusted year-on-year comparisons.Line 1, gross profits increased by JPY 189.3 billion year-on-year. Line 2 and below shows the breakdown of gross profits. Net interest income increased, thanks to the impact of rising yen interest rates, improving lending spreads and benefits from last year's bond portfolio rebalancing.In addition, net fees and commissions expanded significantly, primarily due to growth in various fee revenues from domestic and overseas solution services and effects of acquisitions.Next, Line 6, G&A expenses increased by JPY 127.9 billion year-on-yearRead more current MUFG analysis and newsView all earnings call transcriptsCommentsRecommended For YouTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.