Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG ) Q4 2024 Earnings Conference Call May 16, 2024 9:00 PM ET Company Participants Jun Togawa - Representative Corporate Executive, Senior Managing Corporate Executive and Group CFO Conference Call Participants Ken Takamiya - Nomura Securities Shinichiro Nakamura - BofA Securities Maoki Matsuno - Mizuho Securities Takahiro Yano - JPMorgan Makoto Kuroda - Goldman Sachs Ken Matsuda - Citigroup Unidentified Company Representative Thank you very much for waiting. We will now begin Mitsubishi UFJ Financial Group briefing on the financial highlights for the fiscal year ended March 31, 2024.
Mitsubishi UFJ's (MUFG) fiscal 2023 results benefit from increased net fees and commissions, net trading profits, and higher loan and deposit balances. Yet, a drop in NII acts as a spoilsport.
Mitsubishi UFJ (MUFG) announces a share repurchase program to buy back up to 80 million shares. The plan authorizes the company to repurchase shares from May 16 to Jun 30, 2024.
Mitsubishi UFJ's (MUFG) acquisition of Link Administration further enhances MUFG's global business expansion via access to Australian funds and corporate clients worldwide.