MUFG established a new medium-term business plan for the next three years “to pursue and produce growth” with an aim to increase ROE to approximately 9% by 2026.

The medium-term business plan has three pillars, including expanding and refining growth strategies, driving social and environmental progress, and accelerating transformation and innovation.

For the first pillar, the company has formulated seven strategies to achieve growth during the business plan period.

“While seeking growth by further strengthening our existing business model, by for example increasing the profitability of our balance sheet with consideration for changes in the interest rate environment, we will also seek to drive growth by expanding our business through providing new products and services, and by expanding customer touchpoints through new channels,” the company wrote in a press release.

For the second pillar, the company revised its priorities our sustainability management, noting that it “strengthen our efforts in driving social and environmental progress, integrating such efforts in our business strategies.”

Lastly, for the third pillar, the company will aim to create a more agile culture while strengthening its “human capital, system development capacity, and AI and data infrastructure” in addition to improving risk management and compliance.