By Kosaku Narioka

Mitsubishi UFJ Financial Group reported a rise in fiscal-year net profit, supported by higher fees and commissions and smaller credit costs.

The Japanese financial company said Wednesday that net profit increased 34% to 1.491 trillion yen ($9.53 billion) for the year ended March.

For the year that began in April, Mitsubishi UFJ targets net profit of Y1.500 trillion.

Write to Kosaku Narioka at

(END) Dow Jones Newswires

05-15-24 0410ET