Japan’s largest lender MUFG records 7% rise in second-quarter profit

TOKYO (Reuters) -Japan’s Mitsubishi UFJ Financial Group on Friday posted a 7% rise in second-quarter net profit.

Profit for July-September came to 747 billion yen ($4.95 billion) compared to 702 billion yen over the same period a year previously, Japan’s largest banking group said.

MUFG hiked its profit forecast to 2.1 trillion yen from 2 trillion yen for the financial year to March 2026.

($1 = 150.7800 yen)

(Reporting by Anton Bridge; Editing by Christopher Cushing)

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