MUFG, other Japan banks hit profit record with help from U.S. and Asia

April-December earnings boosted by overseas acquisitions and diverse profiles

20250204N Japan banks

Japan's largest banks have lifted earnings in part by expanding businesses targeting consumers. (Photo by Nanami Sato)

YUKI NAKAMURA

TOKYO -- The five biggest banking groups in Japan have reported a combined net profit of 4.13 trillion yen ($26.8 billion) for the three quarters through December, reaching an all-time high thanks to overseas units and a diverse range of retail operations.

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