April 22, 2019
TOKYO (Reuters) – Mitsubishi UFJ Financial Group will book about a 100 billion yen ($893.34 million) loss in the year to March after its credit card unit stopped development of a new system, but it will stick to its full-year profit forecast, the Nikkei said.
MUFG, Japan’s biggest bank by assets, will keep its full-year net profit outlook of 950 billion yen, the newspaper said on Monday.
($1 = 111.9400 yen)
(Reporting by Takashi Umekawa; Editing by David Dolan)