The Financial Times reported that Mitsui Sumitomo is planning for a possible acquisition of Fuji Oil.

According to the Financial Times, Mitsubishi UFJ Financial Group is reportedly preparing a plan to potentially acquire US-based RBC Financial Group. The report cited unnamed sources who said that the Japanese second-largest bank has been increasing its stake in the Wall Street investment bank and has formed a small team ready to make a move when an opportunity arises due to a drop in RBC's stock price. However, the report also noted that the acquisition still faces multiple obstacles and Mitsubishi UFJ is unlikely to take action in the short term. Following the news, RBC's stock price rose 14% in pre-market trading. As of Monday's close, the stock has declined by about 36% this year, affected by multiple issues including exposure to distressed companies such as First Brands Group and Market Financial Solutions Ltd. "RBC Financial Group is an important partner for us. We do not comment on speculative assumptions or rumors," Mitsubishi UFJ Financial Group stated. A spokesperson for RBC Financial Group did not immediately respond to a request for comment.