Mitsubishi UFJ Financial Announces New Business Plan to Increase Profitability-February 2024-www.financetom.com

Mitsubishi UFJ Financial Announces New Business Plan to Increase Profitability

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Mitsubishi UFJ Financial Announces New Business Plan to Increase Profitability

Apr 1, 2024 9:23 AM

11:56 AM EDT, 04/01/2024 (MT Newswires) -- Mitsubishi UFJ Financial Group ( MUFG ) said Monday it has drawn up a new medium-term business plan that includes the financial target to increase return on equity to about 9% in fiscal year 2026.

The new plan, which covers three years starting fiscal year 2024, focuses on growth strategies, social and environmental progress, and innovation to enhance customer trust and sustainability integration, the company added.

Mitsubishi UFJ said it also added agility to the values comprising the MUFG Way to accelerate innovation and transformation.

The company's shares fell 2.7% in recent trading.

Price: 9.95, Change: -0.28, Percent Change: -2.74

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