Japan’s 3 top banks on track to earn record profits for fiscal year

Finance

Higher interest rates boost lending income, allowing trio to report collective $26.9bn profit for April-Dec

Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group all announced their earnings through the third quarter as of Wednesday. (Source photos by Nikkei)

Nikkei staff writers

February 5, 2026 04:12 JST

TOKYO — Japan’s three largest commercial banks logged record consolidated net profit in the first nine months of the fiscal year, putting them on course to set a third consecutive full-year high, as higher domestic interest rates boosted earnings from lending.