Japan’s top bank MUFG posts narrower-than-expected Q4 decline

TOKYO, May 15 (Reuters) – Mitsubishi UFJ Financial Group (8306.T), opens new tab (MUFG) posted a narrower-than-expected decline in fourth-quarter profit on Wednesday, and forecast slight profit growth in the current financial year.

For the January-March fourth quarter, MUFG reported a group net profit of 192.87 billion yen ($1.24 billion), compared with 773.3 billion yen in the same period a year earlier. The results also compared the 147 billion yen quarterly profit implied by the full-year forecasts of 13 analysts polled by LSEG.