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MUFG revises net profit upward for fiscal year 25/3 to 1 trillion 860 billion yen, up from 1 trillion 750 billion yen.
Mitsubishi UFJ <8306> announced a revision of its financial forecast for the fiscal year ending March 2025. The net profit was revised upwards from 1 trillion 750 billion yen to 1 trillion 860 billion yen. This was due to the recording of one-time gains such as profits from the sale of policy-held Stocks and the reversal of costs related to L's credit relationships, utilizing these gains to conduct a restructuring of the Bond portfolio from a balance sheet management perspective, implementing measures for future enhanced profitability. The year-end Dividend per share was raised by 4 yen from the previous forecast to 39 yen (the previous period was 20 yen).
Vertex: Notice regarding revisions to full-year earnings forecasts and dividend forecasts
Japanese stock buybacks this week (4/7~4/11)
――――4/7――――$Mebuki Financial Group(7167.JP)$ will buy back up to 45 million shares, 4.57% of its outstanding shares (excluding its own shares), for an amount of JPY¥ 23 billion.$Nippon Yusen
Veru Inc is rebounding, considering the establishment of a share buyback limit of 421,000 shares.
Veru Inc <5290.T> has rebounded, reaching 1,848 yen, up 120 yen at one point. After the market close on the 9th, it was announced that a share repurchase limit has been established, which was seen as a positive factor. The company set a repurchase limit of 421,000 shares (1.65% of the total issued shares excluding treasury stock) and 800 million yen. The acquisition period will be from April 11 to July 31. The decision to repurchase shares was made to enhance shareholder returns, improve capital efficiency, and implement a responsive capital policy in accordance with changes in the management environment.
April 10 [Today's Investment Strategy]
[Fisco Selected Stocks] 【Material Stocks】 Furuno Electric <6814> 1,992 yen (4/9) Engaged in fish finders and other Electronic Equipment for ships. Announced financial results for the fiscal year ending February 2025. Operating profit is 13.1 billion yen (2.0 times compared to the previous period). The previous Financial Estimates were raised from 11 billion yen to 12 billion yen on January 14 (an increase of 84.0% year-on-year), but it exceeded those expectations. Achieved record-high revenue and profit for the second consecutive year. The operating profit for the fiscal year ending February 2026 is estimated to be 11.5 billion yen (a decrease of 12.8% compared to the previous period). At the same time,
Focus on 7&iHD and Furuno Electricity, while Saizeriya and Manny may be sluggish.
In the US stock market on the 9th, the Dow Jones Industrial Average rose by 2,962.86 points to 40,608.45, the Nasdaq Composite Index increased by 1,857.06 points to 17,124.97, and the Chicago Nikkei 225 Futures were up by 3,030 yen compared to the Osaka daytime price at 34,860 yen. The exchange rate was 1 dollar = 147.70-80 yen. In today's Tokyo market, 7 & iHD <3382> announced a Share Buyback of up to 15.1% of outstanding shares with operating profit forecasted to decrease by 21.2% compared to the previous period and a 0.7% increase for the current period.
