BOJ rate normalisation lifts Japan’s top three banking groups to ¥5.26 trillion net profit in FY2025

The Bank of Japan has continued normalising interest rates, ending its negative-rate policy in March 2024 and lifting the policy rate to 1.0% by June 2026. Against that backdrop, Mitsubishi UFJ, Sumitomo Mitsui and Mizuho posted combined net profit of ¥5.26 trillion for fiscal 2026, up 34% year on year. The improvement has been driven mainly by wider net interest margins as higher rates feed through to bank earnings.