Message from Management
Thank you very much for visiting MUFG’s website.
On November 14, MUFG announced its results for the first half of fiscal 2013. Consolidated net income for the period was 530.2 billion yen, representing 69.7% progress towards our initial full-year net income target (760 billion yen).
Amid a recovering trend in Japan’s economy, despite some unstable aspects in the global economy, MUFG’s results have been strong both within Japan and overseas. Looking at subsidiaries, the strong performance of Mitsubishi UFJ Securities Holdings helped by the recovery in stock markets, contributed significantly to the Group’s performance. Reflecting the strong results for the first half of fiscal 2013, MUFG has revised full-year net income targets upward to 910 billion yen.
We have entered the latter half of our three-year medium-term business plan that began in fiscal 2012, and MUFG will continue to deploy our growth strategy both in Japan and overseas to achieve the plan’s goals.
In Japan, as the government fully develops its strategy for revitalizing Japan, from a financial perspective MUFG aims to fully contribute to the revival of Japan’s economy. One example is the effort being made across our entire Group to help individual customers steadily build their assets by introducing NISAs (non-taxable investment plans for retail investors) beginning next January.
Overseas, in July we announced that we would aim to acquire a majority stake in a major Thai commercial bank, Bank of Ayudhya, and MUFG will continue to work to become Asia’s leading financial group.
MUFG is also reforming its organizational structure. We will strive to enhance governance through our new Risk Committee and Global Advisory Board - established in July and comprised of external specialists and experts - and will proactively incorporate their proposals and advice from external, independent viewpoints into our Group management.
MUFG will continue to actively endeavour to meet the expectations of its stakeholders 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