Senior Bank Analyst - Japanese Banks, Windamee Research

J. Brian Waterhouse

J. Brian Waterhouse has been covering the Japanese financial sector as an analyst continuously since 1976, working for CLSA, Japaninvest, Rabobank, HSBC Securities, James Capel, Marine Midland Bank of New York and National & Grindlays Bank.  He has been ranked No.1 overall in Japanese banks research in Japan by Asiamoney for 6 of the past 9 years and was runner-up in 2015.  He was awarded the coveted Starmine prize as top Japanese bank stock picker in 2012 and 2014 and was runner-up in 2013.  He frequently appears on TV, radio and in international print media as a commentator on Japanese banking.

Senior Bank Analyst - Japanese Banks

MUFG (8306 JP) - BigBank BigBuyback But A Bit Pricey Vs SMFG

MUFG - What if No Yield Curve Control Relief?

MUFG & PT Mandala Multifinance - Too Small To Matter, LT Perspective ROA Is Key

Mizuho Financial Group (8411 JP):  Defying the Skeptics

Gravity Works As WeWork Doesn't; Now Plan B

Windamee Research

Japanese Banks

Equity Bottom-Up

Mitsubishi UFJ Financial (MUFG) / Equity Bottom-Up

Mitsubishi UFJ Financial (MUFG) (8306 JP)

<ul>
<li>Interim results for <a href="https://www.smartkarma.com/entities/mitsubishi-ufj-financial-group" target="_blank" data-smartkarma-citation="entities:218:1" rel="noopener">Mitsubishi UFJ Financial (MUFG) (8306 JP)</a> were little short of stellar: 92% of full-year guidance achieved in 1H FY3/2022.</li>
<li>NP rose ¥380.6 billion to ¥781.4 billion (+95.0% YoY) due to a ¥17.9 billion writeback, equity-related gains of ¥126.0 billion and ¥65.1 billion from investments, primarily <a href="https://www.smartkarma.com/entities/morgan-stanley" target="_blank" data-smartkarma-citation="entities:1122:1" rel="noopener">Morgan Stanley (MS US)</a>.</li>
<li>MUFG has raised its dividend to ¥28/share, raised full-year guidance by ¥200 billion to ¥1.050 trillion, announced a ¥150 billion buyback and the cancellation this month of 300 million shares.</li>
</ul>


Interim results for Mitsubishi UFJ Financial (MUFG) (8306 JP) were little short of stellar: 92% of full-year guidance achieved in 1H FY3/2022.
NP rose ¥380.6 billion to ¥781.4 billion (+95.0% YoY) due to a ¥17.9 billion writeback, equity-related gains of ¥126.0 billion and ¥65.1 billion from investments, primarily Morgan Stanley (MS US).
MUFG has raised its dividend to ¥28/share, raised full-year guidance by ¥200 billion to ¥1.050 trillion, announced a ¥150 billion buyback and the cancellation this month of 300 million shares.


Sumitomo Mitsui Financial Group (8316 JP)

Mitsubishi UFJ Financial (MUFG)

MUFG (8306 JP): MUFG Way To Go