3 Major Japan Banks Log Record Net Profits for 2nd Year
Tokyo, May 15 (Jiji Press)--The combined net profit of three major Japanese banking groups in fiscal 2024 grew 25.3 pct from the previous year to 3,926.3 billion yen, hitting a record high for the second straight year.
The three groups--Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc.--saw their earnings boosted by improved margins and gains on sales of equities and other assets, thanks to higher interest rates following policy rate hikes by the Bank of Japan.
(2025/05/15-18:53)
To read a full story, please click here to find out how to subscribe.
BUSINESS
-
05/15 21:59 (Update) Struggling JDI to Cut 1,500 Jobs in Japan -
05/15 21:36 (Update) S'tomo Mitsui, SoftBank to Form Payment Service Alliance - 05/15 21:29 (Update) 3 Major Japan Banks' Net Profit Hits Record High for 2nd Yr
- 05/15 19:03 Sumitomo Mitsui, SoftBank to Collaborate on Digital Payment Services
- 05/15 18:53 3 Major Japan Banks Log Record Net Profits for 2nd Year
- 05/15 16:46 3 Major Japan Mobile Carriers Expect Sales Growth in FY 2025
- 05/15 11:26 Sumitomo Mitsui Financial's Net Profit Tops 1 T. Yen
- 05/15 10:46 JDI Eyeing Cutting Over 1,000 Jobs in Japan
- 05/15 10:10 Infroneer to Acquire Sumitomo Mitsui Construction
- 05/15 09:39 Uber to Launch Self-Driving Mobility Service in Japan
- 05/14 22:38 Trump Tariffs Deliver Blow to Japanese Automakers' Outlooks
- 05/14 21:13 Toyota to Market New EV in N. America in 2026
- 05/14 21:11 (Update 3) Sony Group Projects 12.9 Pct Drop in FY 2025 Net Profit
- 05/14 17:33 (Update 2) Sony Group Projects 12.9 Pct Drop in FY 2025 Net Profit
- 05/14 15:22 Trump Tariffs Overshadow Japanese Firms' Earnings Outlook
- 05/14 14:37 Sumitomo Mitsui, SoftBank to Tie Up on Digital Payment Services
- 05/14 14:28 Japan Beer, Quasi-Beer Sales Down 36 Pct in April
- 05/14 14:24 (Update) Sony Group Logs Record Net Profit for FY 2024
- 05/14 13:26 Mitsui Starts Mass Production of E-Methanol with Danish Firm
- 05/14 12:35 Sony Group Logs Record Net Profit for FY 2024
- 05/14 10:37 Suruga Bank Ordered to Report on Property Loans
- 05/13 21:45 (Update 2) Nissan to Shut 7 Plants, Shed 20,000 Jobs on Huge Loss
- 05/13 21:28 (Update 2) SoftBank Group Posts 1st Black Ink in 4 Years
- 05/13 21:17 Japanese Retailer Aeon to Sell Rice from California
- 05/13 19:49 (Update) Honda Projects 70 Pct Drop in FY 2025 Net Profit
- 05/13 19:25 (Update) Nissan to Shut 7 Plants, Shed 20,000 Jobs on Huge Loss
- 05/13 17:59 (Update) SoftBank Group Posts 1st Black Ink in 4 Years
- 05/13 17:36 Nissan Plunges into 670.8-B.-Yen Net Loss in FY 2024
- 05/13 16:38 Honda Projects 70 Pct Drop in FY 2025 Net Profit
- 05/13 16:31 Tokyo Metro to Promote Exec Kosaka to Pres. in June
- 05/13 16:29 SoftBank Group Posts 1st Black Ink in 4 Years
- 05/13 15:59 3 Major Japan Steelmakers Expect Profit Falls in FY 2025
- 05/12 23:39 Nissan to Cut 20,000 Jobs Globally
- 05/12 23:10 Japan's Sharp to Sell Kameyama LCD Plant to Hon Hai
- 05/11 15:20 INTERVIEW: Hokuhoku Financial to Focus Staff on Hokkaido
- 05/11 14:00 INTERVIEW: Idemitsu to Enhance All-Solid-State Battery Business
- 05/10 18:06 Lawson to Expand Frozen Onigiri Sales
- 05/10 13:46 Sumitomo Mitsui Financial to Acquire Stake in Indian Bank
- 05/10 00:17 Nippon Steel Forecasts 43 Pct Profit Drop for FY 2025
- 05/09 22:05 (Update) Panasonic Holdings to Cut 10,000 Jobs Globally
- 05/09 19:02 Panasonic Holdings to Cut 10,000 Jobs Globally
- 05/09 17:04 "NTT" to Become Official Corporate Name in July
- 05/09 16:16 (Update) Nissan Abandons Plan for EV Battery Plant in Japan
- 05/09 15:40 Nissan Abandons Plan for EV Battery Plant in Japan
- 05/09 10:42 3 Major Japan Shipping Firms Expect Sharp Profit Falls
