<div id="subtitle">Mitsubishi UFJ returns to profit in April-December period as global economy begins to recover</div><div><p>Mitsubishi UFJ Financial Group, one of Japan's "megabanks", returned to profit in the nine months through December amid economic recovery in Japan and overseas.</p><p>Tokyo-based Mitsubishi UFJ reported 217 billion yen ($2.4 billion) net profit in the April-December period, compared with a 42 billion yen loss a year earlier.</p><p>Revenue fell to 3.77 trillion yen ($41.66 billion) from 4.35 trillion yen.</p><p>The bank kept unchanged its projection of a 300 billion yen net profit for the fiscal year ending March 2010. The bank posted a net loss of 256.95 billion yen in the last fiscal year.</p><p>The bank credited economic recovery in the U.S., Europe, Japan and the rest of Asia in helping boost its income in lending and market products.</p><p>Cost cuts also helped improve the results in the first nine months, Mitsubishi UFJ said.</p><p>The bank said its assets increased by 2.5 trillion yen ($27.6 billion) to 201 trillion yen ($2.2 trillion) on equity gains, including issuance of new shares.</p><p>Mitsubishi UFJ shares fell 0.6 percent to 475 yen ($5.2) in Tokyo.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68374030&bid=informcom" /></div><div id="copyright"><div>

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