Japan’s largest bank MUFG boosts annual profit outlook to record level

Japan’s largest bank MUFG boosts annual profit outlook to record level

Signboards of MUFG Bank (Finance & Banking Trends) are seen in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/File Photo Register now for FREE unlimited access to reuters.com Register TOKYO, Nov 15 (Reuters) – Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) on Monday predicted net profit would hit a record this financial year, thanks to the release of cash from pandemic-related…
Japan’s largest bank MUFG boosts annual profit outlook to record level

Japan’s largest bank MUFG boosts annual profit outlook to record level

Signboards of MUFG Bank (Finance & Banking Trends) are seen in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/File Photo TOKYO, Nov 15 (Reuters) – Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) on Monday predicted net profit would hit a record this financial year, thanks to the release of cash from pandemic-related provisions as well as a drop in other credit-related…
Analysis: Japan’s controversial cross-shareholdings get second wind after court battle

Analysis: Japan’s controversial cross-shareholdings get second wind after court battle

The logo of Tokyo Kikai Seisakusho Ltd. is displayed at the company headquarters office in Tokyo, Japan October 21, 2021. REUTERS/Issei Kato TOKYO, Nov 10 (Reuters) – A simmering Tokyo legal battle could embolden Japan Inc to hang on to cross-shareholdings as a defence against hostile takeovers, a setback for corporate governance reforms championed under former Prime Minister Shinzo Abe.…