Mitsubishi UFJ Financial Group
The K. K. Mitsubishi UFJ Financial Group (Japanese株式会社 三菱UFJフィナンシャル グループ, Kabushiki - gaisha Mitsubishi UFG Finansharu Gurūpu, abbreviated MUFG, Eng. ~ Inc.) is a holding company for companies in the banking and financial sector, from October 1, 2005 the merger of the two companies, Mitsubishi Tokyo Financial Group ( MTFG ) and UFJ Holdings was created.
The heart of the group is the Bank of Tokyo -Mitsubishi UFJ. As the largest bank in the world by assets announced on 1 December 2005, the net profit of the two institutes summed over the six months to 30 September to 711.76 billion yen ( just over 5 billion euros ). In order for the bank surpassed their own, recently revised upward forecast of 635 billion yen.
Looking at the full year, the group raised its profit forecast to 930 billion yen significantly. In May, the MUFG had made 540 billion yen in view. The average analyst forecast was so far at around 708 billion yen. The MUFG is one of the driving forces of the Nikkei 225, only Toyota, Toshiba and Sony have been brought more points in the Nikkei.
The Bank is one of the 28 major banks, which by the Financial Stability Board (FSB) as " systemically important financial institution" ( systemically important financial institution) were classified. Therefore it is subject to special monitoring and stringent requirements on the level of equity.
Highest win a Japanese company
The MUFG overtook her win even the car manufacturer Toyota, the Japanese company with the highest winning was for years. Toyota reported a profit of 610.5 billion yen for the same period. In addition to lower costs for the cleanup of bad loans both predecessor banks of MUFG benefited from gains in the stock and bond trading, as well as higher fee income. In total sales, Toyota is in Japan and around the world still number 1 ( in the industry worldwide )
With regard to the profitability of the industry leader Mitsubishi UFJ is by calculating the economic news agency Bloomberg still behind global banks with total assets less like Citigroup. However, the financial basis of the group that had prior to the merger still expected a net profit of 540 billion yen is likely to improve faster than expected, according to the rating agency Moody's. The core banking business of the Group is fused until 1 January.
Group of companies
For MUFG addition to the companies listed in the Nikkei business Tokyo - Mitsubishi UFG bank and the credit card subsidiary Mitsubishi UFJ Nicos and four regional banks include ( Chūkyō, Gifu, Senshu, Taishō ), among others, the following companies:
- Mitsubishi UFJ Trust and Banking (三菱UFJ信托 银行)
- Mitsubishi UFJ Securities (三菱UFJ证券)
- Mitsubishi UFJ Lease and Finance (三菱UFJリース)
- Master Trust Bank of Japan (日本 マスター トラスト 信託 銀行)
- Union Bank of California
- Mitsubishi Research Institute DCS (三菱 総 研DCS)