Mitsubishi UFJ Posts Record $13 Billion Profit Up 25%, Tokyo Electron Gains 4.3%, Socionext Forecasts 44% Profit Drop

Mitsubishi UFJ Financial Group (MUFG) reported a record full-year net income of approximately 1.86 trillion yen ($13 billion) for the fiscal year ending March 2025, surpassing the forecast of 1.75 trillion yen. The profit increase of about 25% was driven by gains from sales of equity holdings and reversals of loan-loss provisions, with foreign bond losses offset by stock sales. Sumitomo Chemical has revised its operating profit forecast upward for the fiscal year ending March 2025, exceeding market expectations. Resona Holdings also raised its net profit target by 20% compared to previous estimates for the same period. Tokyo Electron projected a 4.3% increase in operating profit for the current fiscal year, aligning with market forecasts. Socionext, however, forecasted a 44% decline in operating profit for the fiscal year ending March 2026, assuming a stronger yen.