Megabank stocks that “legendary investors” made every effort to buy 10 billion yen the day after the big crash! Is it still in time? Q1 progress rate is over 35% due to rising interest rates [summary of financial results]

The first quarter financial results of Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho all showed 2-digit growth compared to the same period last year in both ordinary income equivalent to sales and net business profit indicating profit from the main business. Mitsubishi UFJ's net profit has declined slightly since the same period last year, but the fact that the company added 3 months' worth in the previous fiscal year due to changes in the financial period of US Morgan Stanley has had an impact.
Including Mitsubishi UFJAll three companies expect record high net profit for the full yearBut bothNet profit for the first quarter is over 35% of the full year forecastIt has reached.

The major factors that boosted results for the first quarter were the rise in interest rates due to the cancellation of negative interest rates by the Bank of Japan and the depreciation effect of the yen.
All 3 companiesMegabanks, which are the core, earn 50% or more of net profit, and the expansion of profit margins due to rising interest rates is directly linked to an increase in the company's overall profitI'll do it. All 3 companiesThe yield difference between domestic loans and deposits increased 0.07 to 0.09% compared to the previous fiscal yearDoing it.
Also, the exchange rate generally remained in the 1 dollar = 150 yen range in the first quarter, boosting profits because the yen was weaker than expected by each company. As for the estimated exchange rate, Mitsubishi UFJ and Sumitomo Mitsui assume 1 dollar = 140 yen, and Mizuho is 135 yen.

Are megabank stocks that haven't fully returned to before the crash still being “bought”?
Megabank Group stocks recovered in stock prices right after the big crash on the 5th, but not yetIt's nearly 20% cheaper than the 1-day closing price even at the closing price on the 9thIt's in a situation.
As for PBR, even the highest Mitsubishi UFJ is 0.81 times, and Mizuho is 0.6 timesIt has stayed at
Based on the dividend forecast for fiscal year 24The expected annual dividend yield is around 3%That's it.

Long-term interest rate increases and shareholder return policies are positive factors
Stock investments in megabank groups may have not only a short-term, but also a long-term perspective.
Of the two factors behind the good financial results in the first quarter,It is assumed that the depreciation effect of the yen fluctuates due to the appreciation of the yen and that it will fall offIt will be done. The estimated exchange rate for each company for fiscal year 24 is 1 dollar = 140 yen for Mitsubishi UFJ and Sumitomo Mitsui, and 135 yen for Mizuho.
On the other hand,The effect of rising interest rates is expected to accelerate further in the future. egIn the case of Sumitomo Mitsui, it is estimated that there is an increase in profit of about 70 billion yen in fiscal year 24 due to the cancellation of negative interest rates in March by the Bank of Japan and the additional interest rate hike in JulyDoing it.
Also, it can be said that it is positive that all three companies are putting effort into shareholder returns. Each company has its own medium-term management plan, CFO message, etc.Commit to the realization of over 1 times PBRIn addition to doing so, there is a shareholder return policyPayout ratio 40%、Flexible share buybacksetc. are listed. It also shows a positive attitude regarding the sale of policy holdings.

Are there any differences between the 3 companies?
Since all three companies are doing well and rising interest rates are the tailwind, it can be said that the situation is generally the same. If there were any differences, if you look at the financial results for the first quarter,Mitsubishi UFJ in terms of profit scale, high profit margin is Sumitomo Mitsui, capital efficiency is MizuhoIt can be said that they each have an advantage.In terms of the full-year progress rate of net profit, Mizuho with 38.6% has a slight leadDoing it.

Mitsubishi UFJThe profit ratio of banks alone is the lowest, and as a result, they are breaking away from bank dependency and diversification of profits is progressingI can say that. In the first quarter financial results, the profit of the bank alone decreased drastically by 30% compared to the same period last year due to the introduction of provisions for debt loss, etc., but other businesses made up for it. On the other hand, at the moment, it became clear on 7/9 that banks and the two securities companies received a business improvement order from the Financial Services Agency on 6/24 on the grounds that they shared private information on client companies without permission, etc., and that bank employees were being investigated by the Securities and Exchange Supervisory Commission on suspicion that they had conveyed TOB information to relatives, etc.The fact that they have a scandal problem is negativeThat's it.