Message from Management
Thank you very much for visiting MUFG’s website.
On May 15, MUFG announced its results for fiscal 2012. Consolidated net income for the period was 852.6 billion yen, exceeding our target of 670 billion yen. The Global Business Group and the Global Markets Business Group generated strong income, and credit costs were stable. Subsidiaries including Mitsubishi UFJ Securities Holdings also performed well.
During fiscal 2012, the first year of our three-year medium-term business plan, we steadily developed the strategic base towards future growth. In the U.S., through our subsidiary Union Bank we acquired Pacific Capital Bancorp in California. As a result, we supplemented our network of offices on the Pacific coast. We also strengthened our network in emerging countries in Asia and elsewhere including deals such as a capital and business alliance with VietinBank, a major national bank in Vietnam. In services for individual customers we drove improvements in usability in our online banking services and strengthened sales system by introducing the use of tablet. We have also progressed the unified management of corporate and retail offices to provide business owners with a one-stop answer to their needs.
At present, Japan’s economy is moving towards revitalization under the new government’s fiscal and monetary policies and growth strategies. We will continue to appropriately grasp opportunities in the changing environment and accelerate the Group strategy we have been pursuing. In strengthening foundations in governance and management, we will create a Risk Committee and a Global Advisory Board so that we can respond swiftly and flexibly to an evolving business environment including changes in international financial regulations and the globalization of business. Through these initiatives we aim to ensure MUFG’s sustained growth.
MUFG and its executives and employees will continue to actively endeavour to meet the expectations of its customers and shareholders and reward their trust by aiming to be the world’s most trusted financial group. Thank you for your continued support and goodwill.
President & CEO