Japan's largest banks have increased their annual profit forecasts to record levels due to higher lending income and gains from share sales.
Mitsubishi UFJ Financial Group Inc. has raised its net income expectation for the fiscal year ending March 31 to ¥1.75 trillion ($11 billion), up from a previous estimate of ¥1.5 trillion.
The banking giant reported a significant 36% increase in first-half profit, reaching ¥1.3 trillion. Furthermore, the company has announced plans for share buybacks, demonstrating confidence in its financial performance and commitment to providing value to shareholders.