For the fiscal year ended March 31, 2020, gross profits grew 260.5 billion yen year-on-year to 3,986.3 billion yen. This was due mainly to an increase in net profits associated with the global markets business. Revenue growth also reflected the consolidation of Bank Danamon Indonesia and Australia-based asset manager First Sentier Investors. At the same time, general and administrative expenses rose by 154.7 billion yen, due primarily to growing expenses in overseas operations and higher regulatory costs. As a result, net operating profits totaled 1,184.4 billion yen, up 105.8 billion yen year-on-year.
However, profits attributable to owners of the parent fell 344.5 billion yen year-on-year, to 528.1 billion yen. This was due to the absence of the reversal of allowances for fiscal 2018 credit losses and a rise in credit costs. These costs reflected such factors as the posting of provisions for some credit in light of COVID-19 impacts, and extraordinary losses from the one-time amortization of goodwill related to Bank Danamon and Thailand-based Bank of Ayudhya Public Company Limited (Krungsri).
As of March 31, 2020, MUFG’s capital adequacy ratio remained robust at 11.90% (Common Equity Tier 1 capital ratio).
With regard to fiscal 2019 year-end dividends, we intend to pay 12.5 yen per share, in-line with the amount forecast at the start of the fiscal year, pending shareholder approval. Inclusive of interim dividends, annual dividends are expected to total 25 yen per share, up 3 yen per share from fiscal 2018.
For fiscal 2020, we have announced an annual dividend forecast of 25 yen per share. This is based on certain assumptions,* however. The outlook regarding pandemic containment and the magnitude of its impact on the economy and society as a whole remain unknown.
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The Bank of Tokyo-Mitsubishi UFJ Limited Contact Details
|Head Office||2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8388|
|Phone||81 3 3240 1111|
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