Japan

Norinchukin fortifies JA Mitsui Leasing after $968m fraud allowance

Norinchukin is in talks with SMBC and other major banks to provide loans to JAML.
7 hours ago

MUFG launches the Slim Course pension plan in iDeCo system

It offers zero management fees and aims for the industry’s lowest operating costs.
8 hours ago

SMFG profit up 22.8% to $8.99b in 9M on higher income

It forecasts an annual cash dividend of JPY157 for the fiscal year.
1 day ago

MUFG Bank invests in GLIN Impact Capital 2 to back ESG growth

The investment aligns with the bank’s medium-term business strategy.
4 days ago

Japan Post Bank merges investment arms to form new asset manager

JP Asset Management will be the surviving entity.
5 days ago

Mizuho and Fujitsu automate 70% of SME order processing tasks

It streamlines 70% of order processing tasks by elimination manual input and conversion work.

MUFG deploys real-time anonymization across unstructured data

On-premises processing keeps MUFG data off external clouds

SMBC invests in Rakuten Medical cancer therapy venture

The investment was part of the bank’s social value creation investment fund.

Japanese megabanks see profit rise, but capital remains a weakness

Overseas expansion is another risk, as it could raise credit costs, warned Fitch.

Norinchukin logs $540m profit in H1 FY2025

This is a reversal from the loss recorded in the same period in FY2024.

Japan Post Bank’s net income up 7.8% to $1.55b in H1 FY2026/3

It has not revised its net income forecasts for the year.

MUFG now Sakana AI’s largest Japanese investor

Its projects include an AI capable of rewriting its own code for self-improvement.

SMFG’s profit rose 28.72% to $6.04b in H1 FY2025

Its comprehensive income more than doubled during the period.

Mizuho Financial Group’s profit up 21.8% to $4.46b in H1 FY2025

Its comprehensive income rose 42.8% although ordinary income was 5.4% lower.