Japan
Norinchukin Bank logs $395.49m profit in Q1 FY2025
Norinchukin Bank logs $395.49m profit in Q1 FY2025
This is a reversal from its JPY412.7b loss a year earlier.
MUFG’s profits down 1.8% to $3.71b in Q1 FY2025
Ordinary income declined 7.7% from a year earlier.
SMBC’s profits down 1.5% to $2.5b in Q1 FY3/2026
Net interest income rose, but net trading and other operating income declined.
Mizuho’s profits up 1.2% to $1.93b in Q1 FY2025
MFG has revised its full-year earnings outlook upward.
SMBC appoints Joy Kwek to lead capital markets & solutions in APAC
Kwek joins from Morgan Stanley.
Mizuho to acquire majority of Upsider’s shares for $309.8m
Upsider provides corporate credit card and invoice payment services.
MUFG and JICA establish sustainable finance framework
It will be applied by MUFG and four partner banks in Southeast Asia.
Shinkin Central Bank’s strong liquidity backed by sticky member deposits
It has very low credit risk in its investment portfolio and loan book, says Moody's.
Demand for loans in Japan “about the same” in April-June
Firms of all sizes saw little change in demand during the period.
American Express opens Centurion Lounge at Tokyo’s Haneda Airport
Cardholders will have access to a specialty drinks and sweets bar.
Japanese banks seek higher interest incomes on rising rates, tamed deposit costs
Credit costs and nonperforming loans remain stable for the banking sector.
Japan’s megabanks brace for lower earnings growth on US uncertainties
They only expect a 7.9% net income growth, lower than the 25.3% previously.
SMBC invests in space transport and satellite integration startup
The megabank seeks to help grow Japan’s space industry.
Citi nabs Nomura senior MD as co-head of investment banking in Japan
Citi managing director Taiji Nagasaka will lead alongside new hire Akira Kiyota.
SMBC becomes strategic partner of TOMODACHI Initiative leadership program
The next program will involve 20 university undergraduate students in Japan.
Japan’s SMBC invests in biotechnology fund
ANV aims to create global biotech companies of Japanese origin.
Natixis CIB to establish banking branch in Japan
Its Tokyo branch had operated under a money lending license for three years.
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