SEC Form 6-K filed by Mitsubishi UFJ Financial Group Inc.

5/15/26 6:04:41 AM ET

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6-K 1 d149765d6k.htm FORM 6-K FORM 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of May 2026

Commission File No. 000-54189

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

4-5, Marunouchi 1-chome, Chiyoda-ku

Tokyo 100-8330, Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or

will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(7):

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-273681) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 15, 2026


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Yoshitaka Sekine
Name:		Yoshitaka Sekine
Title:		Managing Director, Head of Documentation & Corporate Secretary Department,
		Corporate Administration Division

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the fiscal year ended March 31, 2026

May 15, 2026


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		https://www.mufg.jp/english/
Representative:		Junichi Hanzawa, President & Group CEO
For inquiry:		Masahisa Takahashi, Managing Director, Head of Financial Accounting and Reporting, Financial Accounting Office, Financial Planning Division
		TEL 050-3613-1179
General meeting of shareholders:		June 26, 2026
Dividend payment date:		June 29, 2026
Securities report issuing date:		June 24, 2026
Trading accounts:		Established
Supplemental information for financial statements:		Available
Investor meeting presentation:		Scheduled (for investors and analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Data for the Fiscal Year ended March 31, 2026

(1)	Results of Operations


	( % represents the change from the previous fiscal year)
	Ordinary Income				Ordinary Profits				Profits Attributable to Owners of Parent
	million yen		%		million yen		%		million yen		%
Fiscal year ended
March 31, 2026		14,620,843		7.3		3,410,192		27.7		2,427,229		30.3
March 31, 2025		13,629,997		14.6		2,669,483		25.4		1,862,946		25.0

(*)	Comprehensive income

March 31, 2026: 3,271,246 million yen 58.1 %; March 31, 2025: 2,069,660 million yen (37.6) %


	Basic earnings per share		Diluted earnings per share		Net Income to Net Assets Attributable to MUFG shareholders		Ordinary Profits to Total Assets		Ordinary Profits to Ordinary Income
	yen		yen		%		%		%
Fiscal year ended
March 31, 2026		213.17		212.34		11.3		0.8		23.3
March 31, 2025		160.02		159.48		9.3		0.7		19.6

(Reference) Income from investment in affiliates (Equity method)

March 31, 2026: 845,545 million yen; March 31, 2025: 596,956 million yen

(2)	Financial Conditions


	Total Assets		Total Net Assets		Equity-to-asset ratio (*)		Total Net Assets per Common Stock
	million yen		million yen		%		yen
As of
March 31, 2026		431,731,548		23,744,152		5.2		1,973.31
March 31, 2025		413,113,501		21,728,132		5.0		1,783.37

(Reference) Shareholders’ equity as of March 31, 2026: 22,273,941 million yen; March 31, 2025: 20,520,374 million yen

(*)	“Equity-to-asset ratio” is computed under the formula shown below

(Total net assets - Subscription rights to shares - Non-controlling interests) / Total assets

(3)	Cash Flows


	Cash Flows from Operating Activities			Cash Flows from Investing Activities			Cash Flows from Financing Activities			Cash and Cash Equivalents at the end of the period
	million yen			million yen			million yen			million yen
Fiscal year ended
March 31, 2026		(23,064,420	)		4,473,959			(1,149,876	)		90,045,500
March 31, 2025		6,415			(186,948	)		(861,116	)		109,095,437

2. Dividends on Common Stock


	Dividends per Share										Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	1^stquarter-end		2^ndquarter-end		3^rdquarter-end		Fiscal year-end		Total		Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	yen		yen		yen		yen		yen		million yen		%		%
Fiscal year
ended March 31, 2025		—		25.00		—		39.00		64.00		741,992		40.0		3.7
ended March 31, 2026		—		35.00		—		51.00		86.00		976,032		40.3		4.6
ending March 31, 2027 (Forecast)		—		48.00		—		48.00		96.00				40.1

(*)	Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : Yes

3. Earnings Target for the Fiscal Year ending March 31, 2027 (Consolidated)

MUFG has set an earnings target of 2,700.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2027. MUFG is engaged in financial service businesses such as banking business, trust banking business, securities business and credit card/loan businesses. Because there are various uncertainties caused by economic situation, market environments and other factors in these businesses, MUFG discloses a target of its profits attributable to owners of parent instead of a forecast of its performance.

ø Notes

(1)	Changes in significant subsidiaries during the period: No

(2)	Changes in accounting policies, changes in accounting estimates and restatements

(A) Changes in accounting policies due to revision of accounting standards: No

(B) Changes in accounting policies due to reasons other than (A): No

(D) Restatements: No

(3)	Number of common stocks outstanding at the end of the period


(A) Total stocks outstanding including treasury stocks:	March 31, 2026	11,867,710,920 shares
	March 31, 2025	12,067,710,920 shares
(B) Treasury stocks:	March 31, 2026	580,104,991 shares
	March 31, 2025	561,193,945 shares
(C) Average outstanding stocks:	Fiscal year ended March 31, 2026	11,386,394,907 shares
	Fiscal year ended March 31, 2025	11,642,149,075 shares

* This “Consolidated Summary Report” (“Tanshin”) is outside the scope of the external auditor’s audit procedure.

* Notes for using forecasted information etc.

This financial summary report contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the company and/or the group as a whole (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company’s current estimations, perceptions and evaluations. In addition, in order for the company to adopt such estimations, forecasts, targets and plans regarding future events, certain assumptions have been made. Accordingly, due to various risks and uncertainties, the statements and assumptions are inherently not guarantees of future performance, may be considered differently from alternative perspectives and may result in material differences from the actual result. For the main factors that may affect the current forecasts, please see Consolidated Summary Report, Annual Securities Report, Disclosure Book, Annual Report, and other current disclosures that the company has announced.

The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (“Japanese GAAP”). Differences exist between Japanese GAAP and the accounting principles generally accepted in the United States (“U.S. GAAP”) in certain material respects. Such differences have resulted in the past, and are expected to continue to result for this period and future periods, in amounts for certain financial statement line items under U.S. GAAP to differ significantly from the amounts under Japanese GAAP. For example, differences in consolidation basis or accounting for business combinations, including but not limited to amortization and impairment of goodwill, could result in significant differences in our reported financial results between Japanese GAAP and U.S. GAAP. Readers should consult their own professional advisors for an understanding of the differences between Japanese GAAP and U.S. GAAP and how those differences might affect our reported financial results. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Results of Operations and Financial Condition			2
(1) Analysis of results of operations			2
(2) Analysis of financial condition			2
2. Basic Views on Selection of Accounting Standards			2
3. Consolidated Financial Statements and Notes			3
(1) Consolidated Balance Sheets			3
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			5
(3) Consolidated Statements of Changes in Net Assets			8
(4) Consolidated Statements of Cash Flows			10
Notes to the Consolidated Financial Statements			12
Notes on Going-Concern Assumption
Changes in Accounting Estimates
Additional Information
Segment Information
Per Share Information
Subsequent Events

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Fiscal Year Ended March 31, 2026”

(*)	The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet.


Internet Conference:		May 15, 2026 (Friday)

Explanation for investors and analysts:		May 19, 2026 (Tuesday)

Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

(1) Analysis of results of operations

(Results of operations for the fiscal year ended March 31, 2026)

Consolidated gross profits for the fiscal year ended March 31, 2026, increased by 1,125.1 billion yen from the previous fiscal year to 5,944.4 billion yen. This was due to contributions from overseas acquisitions; an increase in net interest income, reflecting the incorporation of the impact of rising JPY interest rates, improved margins, and improvement effects associated with bond rebalancing in the previous fiscal year; an increase in net fees and commissions driven by growth in fee-based businesses both domestically and globally; and an increase in net other operating profits, primarily due to a rebound from net losses on debt securities realized through rebalance of the bond portfolio included in the previous fiscal year. General and administrative expenses increased by 339.1 billion yen from the previous fiscal year to 3,567.2 billion yen, mainly due to investments in resources for growth, the impact of inflation and overseas acquisitions. As a result, net operating profits increased by 786.0 billion yen from the previous fiscal year to 2,377.2 billion yen.

Total credit costs increased by 247.1 billion yen from the previous fiscal year to 355.8 billion yen, mainly due to a rebound of the large reversal of overseas credit costs included in the previous fiscal year. Net gains on equity securities decreased by 106.5 billion yen from the previous fiscal year to 486.0 billion yen, mainly due to a rebound of the large gains on sales of equity holdings included in the previous fiscal year. Equity in earnings of equity method investees increased by 248.5 billion yen from the previous fiscal year to 845.5 billion yen, mainly due to strong performance at Morgan Stanley. As a result, ordinary profits increased by 740.7 billion yen from the previous fiscal year to 3,410.1 billion yen, and profits attributable to owners of parent increased by 564.2 billion yen from the previous fiscal year to 2,427.2 billion yen.


(in billions of yen)	For the fiscal year ended March 31, 2026			For the fiscal year ended March 31, 2025			Increase (Decrease)
Gross profits before credit costs for trust accounts		5,944.4			4,819.3			1,125.1
General and administrative expenses		3,567.2			3,228.1			339.1
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		2,377.2			1,591.1			786.0
Total credit costs		(355.8	)		(108.7	)		(247.1	)
Net gains (losses) on equity securities		486.0			592.5			(106.5	)
Equity in earnings of equity method investees		845.5			596.9			248.5
Other non-recurring gains (losses)		57.2			(2.4	)		59.7
Ordinary profits		3,410.1			2,669.4			740.7
Net extraordinary gains (losses)		(88.0	)		(118.8	)		30.8
Total taxes		761.6			609.1			152.4
Profits attributable to non-controlling interests		133.2			78.5			54.7
Profits attributable to owners of parent		2,427.2			1,862.9			564.2

(2) Analysis of financial condition

Total assets as of March 31, 2026 increased 18,618.0 billion yen from March 31, 2025 to 431,731.5 billion yen, and total net assets as of March 31, 2026 increased 2,016.0 billion yen from March 31, 2025 to 23,744.1 billion yen. The increase in total net assets was mainly due to an increase of Retained earnings and Foreign currency translation adjustments, etc.

With regard to major items of assets, loans and bills discounted as of March 31, 2026 increased 12,363.3 billion yen from March 31, 2025 to 133,799.4 billion yen and securities as of March 31, 2026 decreased 410.5 billion yen from March 31, 2025 to 85,714.7 billion yen. With regard to major items of liabilities, deposits as of March 31, 2026 increased 10,926.4 billion yen from March 31, 2025 to 239,439.2 billion yen.

2. Basic Views on Selection of Accounting Standards

MUFG group, currently adopting Japanese GAAP, is preparing for its future adoption of IFRS by considering the development of its infrastructures and organizations within the group, and the timing of adoption.

Mitsubishi UFJ Financial Group, Inc.

3. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2025			As of March 31, 2026
Assets:
Cash and due from banks		109,095,437			90,045,500
Call loans and bills bought		1,180,949			1,570,196
Receivables under resale agreements		18,856,895			16,375,722
Receivables under securities borrowing transactions		5,701,495			5,486,014
Monetary claims bought		6,620,404			7,560,410
Trading assets		26,142,919			39,995,337
Money held in trust		1,084,487			1,159,280
Securities		86,125,371			85,714,795
Loans and bills discounted		121,436,133			133,799,490
Foreign exchanges		1,913,526			2,248,944
Other assets		17,824,068			28,407,448
Tangible fixed assets		1,240,104			1,417,304
Buildings		285,624			291,245
Land		600,852			599,414
Lease assets		7,581			14,353
Construction in progress		33,974			48,856
Other tangible fixed assets		312,072			463,435
Intangible fixed assets		1,875,551			1,955,987
Software		669,248			793,542
Goodwill		530,386			511,465
Lease assets		12			282
Other intangible fixed assets		675,903			650,696
Net defined benefit assets		2,217,529			2,646,314
Deferred tax assets		148,752			147,478
Customers’ liabilities for acceptances and guarantees		12,864,745			14,431,269
Allowance for credit losses		(1,214,870	)		(1,229,947	)

Total assets		413,113,501			431,731,548

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2025			As of March 31, 2026
Liabilities:
Deposits		228,512,749			239,439,246
Negotiable certificates of deposit		17,374,010			17,601,483
Call money and bills sold		5,072,926			5,307,704
Payables under repurchase agreements		43,359,076			39,146,995
Payables under securities lending transactions		699,852			1,197,233
Commercial papers		3,475,042			3,421,893
Trading liabilities		19,362,603			32,038,719
Borrowed money		22,101,954			9,359,997
Foreign exchanges		2,508,462			2,715,051
Short-term bonds payable		1,373,236			1,217,464
Bonds payable		14,018,955			15,790,570
Due to trust accounts		4,937,999			2,903,438
Other liabilities		14,563,347			22,285,686
Reserve for bonuses		251,665			293,548
Reserve for bonuses to directors		2,879			3,978
Reserve for stocks payment		11,077			14,287
Net defined benefit liabilities		104,612			107,274
Reserve for retirement benefits to directors		813			1,548
Reserve for loyalty award credits		7,730			8,877
Reserve for contingent losses		150,657			144,184
Reserves under special laws		5,295			6,179
Deferred tax liabilities		540,770			466,990
Deferred tax liabilities for land revaluation		84,903			83,769
Acceptances and guarantees		12,864,745			14,431,269

Total liabilities		391,385,368			407,987,396

Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		—			—
Retained earnings		14,845,617			16,150,394
Treasury stock		(726,631	)		(934,137	)

Total shareholders’ equity		16,260,498			17,357,770

Net unrealized gains (losses) on available-for-sale securities		1,327,127			1,672,075
Net deferred gains (losses) on hedging instruments		(894,227	)		(1,262,833	)
Land revaluation excess		122,400			121,039
Foreign currency translation adjustments		3,198,279			3,711,516
Remeasurements of defined benefit plans		554,502			724,229
Debt value adjustments of foreign subsidiaries and affiliates		(51,663	)		(53,835	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates		3,457			3,979

Total accumulated other comprehensive income		4,259,875			4,916,171

Subscription rights to shares		11			99
Non-controlling interests		1,207,746			1,470,111

Total net assets		21,728,132			23,744,152

Total liabilities and net assets		413,113,501			431,731,548

Mitsubishi UFJ Financial Group, Inc.

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2025		For the fiscal year ended March 31, 2026
Ordinary income		13,629,997		14,620,843
Interest income		8,467,719		8,723,940
Interest on loans and bills discounted		4,158,027		4,214,185
Interest and dividends on securities		1,685,174		1,836,432
Interest on call loans and bills bought		33,377		30,728
Interest on receivables under resale agreements		747,550		570,624
Interest on receivables under securities borrowing transactions		161,089		154,583
Interest on deposits		751,749		1,087,148
Other interest income		930,751		830,237
Trust fees		144,395		163,112
Fees and commissions		2,360,111		2,666,354
Trading income		454,258		433,392
Other operating income		505,980		665,646
Other ordinary income		1,697,531		1,968,397
Reversal of allowance for credit losses		76,843		—
Gains on loans written-off		112,203		96,758
Others		1,508,484		1,871,639
Ordinary expenses		10,960,514		11,210,651
Interest expenses		5,591,266		5,717,866
Interest on deposits		2,108,129		2,086,767
Interest on negotiable certificates of deposit		716,717		638,057
Interest on call money and bills sold		13,348		33,051
Interest on payables under repurchase agreements		1,364,295		1,300,546
Interest on payables under securities lending transactions		20,426		11,318
Interest on commercial papers		145,534		148,414
Interest on borrowed money		159,238		134,919
Interest on short-term bonds payable		4,139		13,666
Interest on bonds payable		464,681		474,111
Other interest expenses		594,754		877,013
Fees and commissions		414,289		439,548
Trading expenses		—		103,924
Other operating expenses		1,107,697		446,819
General and administrative expenses		3,166,035		3,489,570
Other ordinary expenses		681,224		1,012,921
Provision for allowance for credit losses		—		176,952
Others		681,224		835,969

Ordinary profits		2,669,483		3,410,192

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2025		For the fiscal year ended March 31, 2026
Extraordinary gains		67,824		48,661
Gains on disposition of fixed assets		19,961		9,713
Gains on step acquisitions		—		20,801
Gains on liquidation of subsidiaries		—		18,140
Gains on change in equity		102		5
Gains on sales of shares of affiliates		47,759		—
Extraordinary losses		186,673		136,692
Losses on disposition of fixed assets		12,348		17,019
Losses on impairment of fixed assets		141,542		67,894
Provision for reserve for contingent liabilities from financial instruments transactions		236		884
Provision for reserve for contingent liabilities arising from commodities transactions		0		0
Losses on change in equity		23,668		19,803
Expenses relating to systems integration		—		31,091
Losses on step acquisitions		5,854		—
Losses on sales of shares of subsidiaries		3,023		—

Profits before income taxes		2,550,634		3,322,161

Income taxes-current		382,695		853,410
Income taxes-deferred		226,461		(91,761	)

Total taxes		609,156		761,648

Profits		1,941,477		2,560,512

Profits attributable to non-controlling interests		78,530		133,283

Profits attributable to owners of parent		1,862,946		2,427,229

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the fiscal year ended March 31, 2025			For the fiscal year ended March 31, 2026
Profits		1,941,477			2,560,512
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		(233,452	)		328,192
Net deferred gains (losses) on hedging instruments		(201,599	)		(358,645	)
Land revaluation excess		(2,424	)		29
Foreign currency translation adjustments		464,906			312,349
Remeasurements of defined benefit plans		45,916			169,600
Net unrealized gains (losses) on loans of foreign subsidiaries		4,279			2,206
Share of other comprehensive income of associates accounted for using equity method		50,556			256,999

Total other comprehensive income		128,182			710,734

Comprehensive income		2,069,660			3,271,246

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		1,948,808			3,086,298
Comprehensive income attributable to non-controlling interests		120,851			184,948

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2025


	(in millions of yen)
	Shareholders’ equity														Accumulated other comprehensive income
	Capital stock		Capital surplus			Retained earnings			Treasury stock			Total shareholders’ equity			Net unrealized gains (losses) on available-for- sale securities			Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,141,513		83,623			13,791,608			(613,823	)		15,402,921			1,534,094			(687,476	)
Cumulative effects of changes in accounting policies							6,119						6,119						(1,896	)
Restated balance		2,141,513		83,623			13,797,728			(613,823	)		15,409,041			1,534,094			(689,373	)
Changes during the period
Cash dividends							(533,196	)					(533,196	)
Profits attributable to owners of parent							1,862,946						1,862,946
Repurchase of treasury stock										(418,426	)		(418,426	)
Disposal of treasury stock				0						9,333			9,333
Retirement of treasury stock				(296,284	)					296,284			—
Reversal of land revaluation excess							9,142						9,142
Changes in subsidiaries’ equity				(78,342	)								(78,342	)
Transfer from retained earnings to capital surplus				291,003			(291,003	)					—
Net changes of items other than shareholders’ equity																(206,967	)		(204,854	)
Total changes during the period		—		(83,623	)		1,047,889			(112,808	)		851,457			(206,967	)		(204,854	)
Balance at the end of the period		2,141,513		—			14,845,617			(726,631	)		16,260,498			1,327,127			(894,227	)


	(in millions of yen)
	Accumulated other comprehensive income															Subscription rights to shares		Non- controlling interests		Total net assets
	Land revaluation excess			Foreign currency translation adjustments		Remeasurements of defined benefit plans		Debt value adjustments of foreign subsidiaries and affiliates			Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates		Total accumulated other comprehensive income			Subscription rights to shares		Non- controlling interests		Total net assets
Balance at the beginning of the period		133,967			2,762,818		507,085		(65,435	)		—		4,185,052			0		1,159,003		20,746,978
Cumulative effects of changes in accounting policies														(1,896	)						4,223
Restated balance		133,967			2,762,818		507,085		(65,435	)		—		4,183,156			0		1,159,003		20,751,202
Changes during the period
Cash dividends																					(533,196	)
Profits attributable to owners of parent																					1,862,946
Repurchase of treasury stock																					(418,426	)
Disposal of treasury stock																					9,333
Retirement of treasury stock																					—
Reversal of land revaluation excess																					9,142
Changes in subsidiaries’ equity																					(78,342	)
Transfer from retained earnings to capital surplus																					—
Net changes of items other than shareholders’ equity		(11,567	)		435,460		47,416		13,772			3,457		76,719			10		48,743		125,473
Total changes during the period		(11,567	)		435,460		47,416		13,772			3,457		76,719			10		48,743		976,930
Balance at the end of the period		122,400			3,198,279		554,502		(51,663	)		3,457		4,259,875			11		1,207,746		21,728,132

Mitsubishi UFJ Financial Group, Inc.

For the fiscal year ended March 31, 2026


	(in millions of yen)
	Shareholders’ equity														Accumulated other comprehensive income
	Capital stock		Capital surplus			Retained earnings			Treasury stock			Total shareholders’ equity			Net unrealized gains (losses) on available-for- sale securities		Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,141,513		—			14,845,617			(726,631	)		16,260,498			1,327,127		(894,227	)
Changes during the period
Cash dividends							(848,915	)					(848,915	)
Profits attributable to owners of parent							2,427,229						2,427,229
Repurchase of treasury stock										(500,061	)		(500,061	)
Disposal of treasury stock				0						2,068			2,068
Retirement of treasury stock				(290,488	)					290,488			—
Reversal of land revaluation excess							1,390						1,390
Changes in subsidiaries’ equity				15,560									15,560
Transfer from retained earnings to capital surplus				274,926			(274,926	)					—
Net changes of items other than shareholders’ equity																344,948		(368,606	)
Total changes during the period		—		—			1,304,777			(207,505	)		1,097,271			344,948		(368,606	)
Balance at the end of the period		2,141,513		—			16,150,394			(934,137	)		17,357,770			1,672,075		(1,262,833	)


	(in millions of yen)
	Accumulated other comprehensive income														Subscription rights to shares		Non- controlling interests		Total net assets
	Land revaluation excess			Foreign currency translation adjustments		Remeasurements of defined benefit plans		Debt value adjustments of foreign subsidiaries and affiliates			Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates		Total accumulated other comprehensive income		Subscription rights to shares		Non- controlling interests		Total net assets
Balance at the beginning of the period		122,400			3,198,279		554,502		(51,663	)		3,457		4,259,875		11		1,207,746		21,728,132
Changes during the period
Cash dividends																				(848,915	)
Profits attributable to owners of parent																				2,427,229
Repurchase of treasury stock																				(500,061	)
Disposal of treasury stock																				2,068
Retirement of treasury stock																				—
Reversal of land revaluation excess																				1,390
Changes in subsidiaries’ equity																				15,560
Transfer from retained earnings to capital surplus																				—
Net changes of items other than shareholders’ equity		(1,360	)		513,236		169,727		(2,171	)		522		656,295		87		262,364		918,747
Total changes during the period		(1,360	)		513,236		169,727		(2,171	)		522		656,295		87		262,364		2,016,019
Balance at the end of the period		121,039			3,711,516		724,229		(53,835	)		3,979		4,916,171		99		1,470,111		23,744,152

Mitsubishi UFJ Financial Group, Inc.

(4) Consolidated Statements of Cash Flows


(in millions of yen)	For the fiscal year ended March 31, 2025			For the fiscal year ended March 31, 2026
Cash flows from operating activities:
Profits before income taxes		2,550,634			3,322,161
Depreciation and amortization		378,476			410,838
Impairment losses		141,542			67,894
Amortization of goodwill		36,553			41,835
Equity in losses (gains) of equity method investees		(596,956	)		(845,545	)
Increase (decrease) in allowance for credit losses		(355,752	)		(25,183	)
Increase (decrease) in reserve for bonuses		705			37,637
Increase (decrease) in reserve for bonuses to directors		134			434
Increase (decrease) in reserve for stocks payment		(2,254	)		3,209
Decrease (increase) in net defined benefit assets		(80,073	)		(81,000	)
Increase (decrease) in net defined benefit liabilities		887			336
Increase (decrease) in reserve for retirement benefits to directors		(2	)		734
Increase (decrease) in reserve for loyalty award credits		(10,824	)		1,171
Increase (decrease) in reserve for contingent losses		8,400			(8,832	)
Interest income recognized on statement of income		(8,467,719	)		(8,723,940	)
Interest expenses recognized on statement of income		5,591,266			5,717,866
Losses (gains) on securities		401,929			(308,777	)
Losses (gains) on money held in trust		(231	)		(7,166	)
Foreign exchange losses (gains)		162,239			(3,309,405	)
Losses (gains) on sales of fixed assets		(7,612	)		7,305
Net decrease (increase) in trading assets		(4,698,259	)		(13,459,490	)
Net increase (decrease) in trading liabilities		2,172,346			12,266,241
Adjustment of unsettled trading accounts		484,987			(656,939	)
Net decrease (increase) in loans and bills discounted		(4,061,718	)		(11,155,656	)
Net increase (decrease) in deposits		3,607,220			9,955,494
Net increase (decrease) in negotiable certificates of deposit		792,861			226,251
Net increase (decrease) in borrowed money (excluding subordinated borrowings)		(4,070,898	)		(12,878,873	)
Net decrease (increase) in call loans and bills bought and others		1,111,226			1,869,137
Net decrease (increase) in receivables under securities borrowing transactions		(474,540	)		284,023
Net increase (decrease) in call money and bills sold and others		6,820,892			(4,525,176	)
Net increase (decrease) in commercial papers		375,713			(67,743	)
Net increase (decrease) in payables under securities lending transactions		(394,001	)		499,403
Net decrease (increase) in foreign exchanges (assets)		597,580			(320,013	)
Net increase (decrease) in foreign exchanges (liabilities)		(960,008	)		204,119
Net increase (decrease) in short-term bonds payable		191,466			(155,771	)
Net increase (decrease) in issuance and redemption of unsubordinated bonds payable		(2,510,207	)		1,413,155
Net increase (decrease) in due to trust accounts		(2,449,496	)		(2,034,560	)
Interest income (cash basis)		8,389,421			8,555,059
Interest expenses (cash basis)		(5,573,505	)		(5,673,855	)
Others		1,233,679			(3,271,836	)

Sub-total		336,102			(22,625,455	)

Income taxes		(464,398	)		(509,413	)
Refund of income taxes		134,711			70,448

Net cash provided by (used in) operating activities		6,415			(23,064,420	)

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2025			For the fiscal year ended March 31, 2026
Cash flows from investing activities:
Purchases of securities		(108,125,780	)		(108,294,060	)
Proceeds from sales of securities		55,734,137			73,570,247
Proceeds from redemption of securities		52,543,394			39,902,548
Payments for increase in money held in trust		(1,484,910	)		(1,409,889	)
Proceeds from decrease in money held in trust		1,684,568			1,337,016
Purchases of tangible fixed assets		(134,196	)		(307,914	)
Purchases of intangible fixed assets		(322,505	)		(365,221	)
Proceeds from sales of tangible fixed assets		77,714			78,881
Proceeds from sales of intangible fixed assets		4			215
Payments for acquisition of subsidiaries’ equity affecting the scope of consolidation		(161,424	)		(36,700	)
Payments for sales of subsidiaries’ equity affecting the scope of consolidation		(1,988	)		—
Others		4,038			(1,163	)

Net cash provided by (used in) investing activities		(186,948	)		4,473,959

Cash flows from financing activities:
Proceeds from subordinated borrowings		85,000			70,000
Repayments of subordinated borrowings		(31,000	)		(51,500	)
Proceeds from issuance of subordinated bonds payable and bonds with warrants		674,976			588,694
Payments for redemption of subordinated bonds payable and bonds with warrants		(507,910	)		(409,979	)
Proceeds from issuance of common stock to non-controlling shareholders		4,912			3,427
Proceeds from issuance of stock-based compensation liabilities by overseas subsidiaries		—			4,702
Dividends paid by MUFG		(532,976	)		(848,401	)
Dividends paid by subsidiaries to non-controlling shareholders		(43,888	)		(38,891	)
Purchases of treasury stock		(418,546	)		(500,212	)
Proceeds from sales of treasury stock		15,661			3,932
Payments for purchases of subsidiaries’ equity not affecting the scope of consolidation		(107,344	)		(1,222	)
Proceeds form sales of subsidiaries’ equity not affecting the scope of consolidation		—			29,574

Net cash provided by (used in) financing activities		(861,116	)		(1,149,876	)

Effect of foreign exchange rate changes on cash and cash equivalents		261,988			690,400

Net increase (decrease) in cash and cash equivalents		(779,659	)		(19,049,937	)

Cash and cash equivalents at the beginning of the period		109,875,097			109,095,437

Cash and cash equivalents at the end of the period		109,095,437			90,045,500

Mitsubishi UFJ Financial Group, Inc.

Notes to the Consolidated Financial Statements

(Notes on Going-Concern Assumption)

None.

(Changes in Accounting Estimates)

(Change in the credit rating system used for calculating the allowance for credit losses)

Our principal domestic consolidated banking subsidiaries have established a credit rating system that is consistent with the borrower classification as a uniform standard for evaluating credit risk. The allowance for credit losses is calculated using internal credit ratings determined based on such credit rating system.

Following the adoption of a new credit rating system designed to further enhance their credit risk management framework, the subsidiaries calculated their allowance for credit losses using internal credit ratings determined under the new credit rating system beginning in the fiscal year ended March 31, 2026.

The impact of the resulting changes in accounting estimates on our consolidated financial statements for the fiscal year ended March 31, 2026, is immaterial.

(Additional Information)

(Information which is relevant to the understanding of the readers of the consolidated financial statements regarding the calculation of allowance for credit losses)

The process of calculating the allowance for credit losses for MUFG Bank, Ltd. (“the Bank”) and its domestic consolidated subsidiaries, our principal domestic consolidated banking subsidiaries, involves various estimates such as determination of borrower credit ratings which are based on evaluation and classification of borrowers’ debt-service capacity, assessment of the value of collateral provided by borrowers, estimation of future cash flows when applying the cash flow estimation method, and adjustments for future loss projections and other factors to the loss rates calculated based on historical credit loss experience.

Among these, internal credit ratings are assigned to counterparties based on qualitative factors such as the current and expected future business environment of the industry to which they belong as well as their management and funding risks in addition to quantitative financial evaluations through an analysis of their financial results. In particular, those determination of internal credit ratings for these counterparties may be highly dependent on our assessment of the prospects of improvements in their operating results and their ability to continue as going concerns.

When calculating allowance for credit losses, the Bank, our principal consolidated domestic banking subsidiary, determines loss rates primarily by calculating a rate of loss based on a historical average of the credit loss rate or a historical average of the default probability derived from actual credit loss experience or actual bankruptcy experience and making necessary adjustments based on future projections and other factors.

The Bank makes such adjustments to the loss rates calculated based on historical loss experience, taking into account future projections and other factors, especially considering the uncertain business environment arising from potential changes in the geopolitical environment, including the situation in the Middle East. These adjustments are implemented made when deemed necessary, for example, by considering any additional expected loss amount not captured by the loss rates calculated based on historical loss experience. The amount of impact of these adjustments as of March 31, 2026 is ¥24,357 million (¥33,610 million as of March 31, 2025).

In addition, certain overseas subsidiaries which apply IFRS recognize allowance for credit losses in accordance with IFRS9 “Financial Instruments.” At each reporting date, these subsidiaries assess whether the credit risk on a financial asset has increased significantly since initial recognition, and if the credit risk has not increased significantly since initial recognition, the subsidiaries measure the allowance for credit losses for the financial asset at an amount equal to the 12-month expected credit loss. On the other hand, if the credit risk on a financial asset has increased significantly since initial recognition, the subsidiaries measure the allowance for credit losses for the financial asset at an amount equal to the lifetime expected credit loss. Expected credit losses are calculated using a quantitative model that reflects economic forecast scenarios based on macroeconomic variables. The calculation process includes determination of macroeconomic variables used in multiple economic forecast scenarios and the weightings applied to each economic forecast scenario. Expected credit losses are adjusted for qualitative factors to compensate for expected credit losses that are not reflected in a quantitative model.

Mitsubishi UFJ Financial Group, Inc.

Significant assumptions used in our calculation of allowance for credit losses, including those described above, are subject to uncertainty. In particular, certain counterparties’ prospects of improvements in their operating results and expectations as to their ability to continue as going concerns, and adjustments to the rates of loss calculated based on actual experience for future projections and other factors, as well as determination of the macroeconomic variables used in, and the weightings applied to, multiple economic forecast scenarios, and adjustments thereto for qualitative factors, by certain subsidiaries which apply IFRS, are based on estimation relating to the economic environment, including changes in economic conditions, commodity prices and monetary and trade policies in each country as well as geopolitical environment, including the situation in the Middle East, with respect to which objective data are not readily available.

In particular, future developments concerning the geopolitical environment, including the situation in the Middle East, are subject to significant uncertainty. Accordingly, we make certain assumptions, including that disruptions in logistics and supply chain constraints related to crude oil and other commodities may continue for a certain period, but that conditions will gradually normalize, and that prices of crude oil and other commodities, while fluctuating to a certain degree, will then be on a gradual stabilizing trend. The recorded allowance represents our best estimate made based on such assumptions and in a manner designed to ensure objectivity and rationality.

These assumptions change to reflect actual developments in the geopolitical environment, including the situation in the Middle East, and changes in the assumptions may result in an increase or decrease in the allowance for credit losses in the following fiscal year.

Mitsubishi UFJ Financial Group, Inc.

(Segment Information)

1.	Information on net revenue, operating profit (loss), and fixed assets for each reporting segment

For the Fiscal Year Ended March 31, 2026


	(in millions of yen)
	Retail & Digital Business Group		Commercial Banking & Wealth Management Business Group		Japanese Corporate & Investment Banking Business Group		Global Commercial Banking Business Group		Asset Management & Investor Services Business Group		Global Corporate & Investment Banking Business Group		Total of Customer Business		Global Markets Business Group			Other			Total
Net revenue		1,064,642		866,902		1,125,924		904,227		621,834		1,081,474		5,665,005		306,905			19,340			5,991,251
Operating expenses		778,762		458,924		418,959		516,668		469,351		501,164		3,143,830		342,359			139,678			3,625,868
Operating profit (loss)		285,880		407,977		706,964		387,559		152,483		580,310		2,521,174		(35,453	)		(120,337	)		2,365,383
Fixed assets at period end		333,050		199,929		176,570		2,398		23,618		163,494		899,062		95,435			488,297			1,482,795

(Notes)

“Net revenue” in the above table is used in lieu of net sales generally used by Japanese non-financial companies.

“Net revenue” includes net interest income, trust fees, net fees and commissions, net trading profit, and net other operating profit.

“Operating expenses” includes personnel expenses and premise expenses.

“Fixed assets at period end” for each reporting segment in the above table represent those related to the Bank and Mitsubishi UFJ Trust and Banking Corporation. Those fixed assets and consolidation adjustments related to MUFG and its other consolidated subsidiaries, which are not allocated to reporting segments, were ¥1,890,496 million. With respect to such fixed assets not allocated to reporting segments, certain related expenses are allocated to each reporting segment on a reasonable basis.

2.	Reconciliation of the total operating profit in each of the above tables to the ordinary profit in the consolidated statement of income for the corresponding fiscal year period


	(in millions of yen)
Operating profit	For the fiscal year ended March 31, 2026
Total operating profit of reporting segments		2,365,383
Operating profit of consolidated subsidiaries excluded from reporting segments		(4,564	)
Provision for general allowance for credit losses		20,059
Credit related expenses		(474,748	)
Gains on reversal of reserve for contingent losses included in credit costs		2,041
Gains on loans written-off		96,758
Net gains on equity securities and other securities		486,048
Equity in earnings of equity method investees		845,545
Others		73,669

Ordinary profit in the consolidated statement of income		3,410,192

Mitsubishi UFJ Financial Group, Inc.

(Per Share Information)


	For the fiscal year ended March 31, 2026
Total equity per common share	¥	1,973.30
Basic earnings per common share	¥	213.16
Diluted earnings per common share	¥	212.33

(Notes)

The bases for the calculation of basic earnings per common share and diluted earnings per common share for the periods indicated were as follows:


		For the fiscal year ended March 31, 2026
Basic earnings per common share
Profits attributable to owners of parent	million yen	2,427,229
Profits not attributable to common shareholders	million yen	—
Profits attributable to common shareholders of parent	million yen	2,427,229
Average number of common shares during the period	thousand shares	11,386,394

Diluted earnings per common share
Adjustment to profits attributable to owners of parent	million yen	(9,493)
Adjustment related to dilutive shares of consolidated subsidiaries and others	million yen	(9,493)
Increase in common shares	thousand shares	—
Description of antidilutive securities which were not included in the calculation of diluted earnings per share		Share subscription rights and Preferred shares issued by consolidated subsidiaries: FSSA Holdings Limited Share subscription rights (ordinary shares): 921 thousand shares Preferred shares: 614 thousand shares Share subscription rights issued by equity method affiliates: Morgan Stanley Stock options and others: 8,706 thousand units

Mitsubishi UFJ Financial Group, Inc.

The bases for the calculation of total equity per common share for the period indicated were as follows:


		As of March 31, 2026
Total equity	million yen	23,744,152
Deductions from total equity:	million yen	1,470,210
Subscription rights to shares	million yen	99
Non-controlling interests	million yen	1,470,111
Total equity attributable to common shares	million yen	22,273,941
Number of common shares at period end used for the calculation of total equity per common share	thousand shares	11,287,605

(Subsequent Events)

(Acquisition of Shares in Shriram Finance Limited)

On December 19, 2025, the Bank, a consolidated subsidiary of MUFG, entered into an investment agreement with Shriram Finance Limited (“Shriram Finance”), a leading non-banking financial company in India, and its major shareholders, Shriram Ownership Trust and Shriram Capital Private Limited, to subscribe to a preferential allotment of shares representing a 20% equity interest in Shriram Finance (the “Investment”). In addition, the Bank has entered into a Memorandum of Understanding regarding a strategic partnership (the “Proposed Alliance”) with Shriram Finance. Subsequently, on April 8, 2026, the Bank completed the acquisition of the shares pursuant to the investment agreement, and Shriram Finance became an equity method affiliate of MUFG and the Bank.

Outline of the Share Acquisition

(1)

Method of acquisition: Acquisition of common shares through a preferential allotment

(2)

Total acquisition cost: JPY 706.9 billion

(3)

Board representation: Two outside directors appointed to the board of Shriram Finance by the Bank

Purpose of the Investment

The Investment is a strategic investment with an aim to establish a business foundation in the MSME (Micro, Small, and Medium Enterprises) and retail markets in India, which MUFG considers to be an important growth market, and to capture the country’s growing domestic demand. By providing growth capital to Shriram Finance, MUFG aims to support the expansion of Shriram Finance’s businesses in such market segments as new commercial vehicles and MSMEs, while enhancing Shriram Finance’s funding capacity and profitability through improved creditworthiness. Furthermore, through the Proposed Alliance, MUFG seeks to combine its broad client network and know-how built through managing partner banks with Shriram Finance’s strong local presence and long-standing client relationships. Through this combination, MUFG aims to support the development of India’s road transport infrastructure and logistics value chain, which are indispensable for India’s growth, and contribute to the advancement of financial inclusion, which is an important policy agenda in India.

Overview of Shriram Finance

(1)

Company name: Shriram Finance Limited

(2)

Business: Retail non-banking financial services

(3)

Year Established: 1979

(4)

Country of incorporation: India

(5)

Number of employees: Approximately 78,000

Selected Financial Information

under Japanese GAAP

For the Fiscal Year Ended March 31, 2026


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


1. Financial Results	[ MUFG Consolidated ]1[ BK and TB Combined ]234 [ BK Consolidated ][ BK Non-consolidated ] [ TB Consolidated ][ TB Non-consolidated ]	1

2. Average Interest Rate Spread	[ BK Non-consolidated ][ TB Non-consolidated ] [ BK and TB Combined ]	7

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting	[ MUFG Consolidated ][ BK Consolidated ][ TB Consolidated ]	8

4. Securities	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	9

5. ROE	[ MUFG Consolidated ]	12

6. Risk-Adjusted Capital Ratio	[ MUFG Consolidated ][ BK Consolidated ][ TB Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	13

7. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the “FRA”)	[ MUFG Consolidated ][ BK and TB Combined including Trust Account ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Account ]	14

8. Progress in Disposition of Problem Assets	[ BK Non-consolidated ] [ TB Non-consolidated including Trust Account ]	20

9. Loans Classified by Type of Industry	[ BK and TB Combined including Trust Accounts ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Accounts ]	22

10 Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors	[ BK and TB Combined including Trust Accounts ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated including Trust Account ]	26

11. Overseas Loans	[ BK Consolidated excl. KS, BDI ]56	27

12. Loans and Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	28

13. Domestic Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	29

14. Status of Deferred Tax Assets	[ BK Non-consolidated ][ TB Non-consolidated ]	30

15. Retirement Benefits	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	32

(Reference) 1. Financial Statements	[ BK Non-consolidated ][ TB Non-consolidated ]	35

(*1)	“MUFG” means Mitsubishi UFJ Financial Group, Inc.

(*2)	“BK” means MUFG Bank, Ltd.

(*3)	“TB” means Mitsubishi UFJ Trust and Banking Corporation.

(*4)	“BK and TB Combined” means simple sum of “BK” and “TB” without consolidation processes.

(*5)	“KS” means Bank of Ayudhya Public Company Limited.

(*6)	“BDI” means PT Bank Danamon Indonesia, Tbk.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2026 (A)			March 31, 2025 (B)			(Decrease) (A) - (B)
Gross profits		5,944,464			4,819,311			1,125,153
Gross profits before credit costs for trust accounts		5,944,459			4,819,305			1,125,153
Net interest income		3,006,251			2,876,551			129,699
Trust fees		163,112			144,395			18,716
Credit costs for trust accounts (1)		5			5			(0	)
Net fees and commissions		2,226,805			1,945,821			280,984
Net trading profits		329,467			454,258			(124,791	)
Net other operating profits		218,827			(601,716	)		820,543
Net gains (losses) on debt securities		(177,270	)		(991,466	)		814,196
General and administrative expenses		3,567,214			3,228,113			339,100
Amortization of goodwill		41,835			36,553			5,282
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		2,419,080			1,627,744			791,335
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		2,377,245			1,591,191			786,053
Provision for general allowance for credit losses (2)		20,059			—			20,059
Net operating profits*		2,397,310			1,591,197			806,112
Net non-recurring gains (losses)		1,012,882			1,078,285			(65,403	)
Credit costs (3)		(474,748	)		(302,261	)		(172,487	)
Losses on loan write-offs		(252,555	)		(289,683	)		37,127
Provision for specific allowance for credit losses		(202,377	)		—			(202,377	)
Other credit costs		(19,814	)		(12,577	)		(7,236	)
Reversal of allowance for credit losses (4)		—			76,843			(76,843	)
Reversal of reserve for contingent losses included in credit costs (5)		2,041			4,480			(2,438	)
Gains on loans written-off (6)		96,758			112,203			(15,445	)
Net gains (losses) on equity securities		486,048			592,560			(106,512	)
Gains on sales of equity securities		604,728			679,000			(74,272	)
Losses on sales of equity securities		(100,295	)		(35,457	)		(64,837	)
Losses on write-down of equity securities		(18,385	)		(50,982	)		32,597
Equity in earnings of equity method investees		845,545			596,956			248,589
Other non-recurring gains (losses)		57,237			(2,496	)		59,734

Ordinary profits		3,410,192			2,669,483			740,709

Net extraordinary gains (losses)		(88,031	)		(118,848	)		30,817
Net gains (losses) on disposition of fixed assets		(7,305	)		7,612			(14,918	)
Losses on impairment of fixed assets		(67,894	)		(141,542	)		73,647
Net gains (losses) on step acquisitions		20,801			(5,854	)		26,656
Gains on liquidation of subsidiaries		18,140			—			18,140
Gains on sales of shares of affiliates		(19,797	)		(23,565	)		3,768
Expenses relating to systems integration		(31,091	)		—			(31,091	)
Gains on sales of shares of affiliates		—			47,759			(47,759	)
Losses on sales of shares of subsidiaries		—			(3,023	)		3,023
Profits before income taxes		3,322,161			2,550,634			771,526
Income taxes-current		853,410			382,695			470,715
Income taxes-deferred		(91,761	)		226,461			(318,223	)
Total taxes		761,648			609,156			152,491
Profits		2,560,512			1,941,477			619,034
Profits attributable to non-controlling interests		133,283			78,530			54,752

Profits attributable to owners of parent		2,427,229			1,862,946			564,282


Note:
* Net operating profits = Banking subsidiaries’ net operating profits + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(355,883	)		(108,728	)		(247,155	)
Number of consolidated subsidiaries		345			334			11
Number of affiliated companies accounted for under the equity method		55			54			1

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2026 (A)			March 31, 2025 (B)			(Decrease) (A) - (B)
Gross profits		3,145,455			2,152,855			992,600
Gross profits before credit costs for trust accounts		3,145,449			2,152,849			992,600
Domestic gross profits		1,554,630			1,414,555			140,074
Net interest income		1,111,967			950,962			161,005
Trust fees		143,432			126,186			17,245
Credit costs for trust accounts (1)		5			5			(0	)
Net fees and commissions		466,717			408,001			58,716
Net trading profits		(33,027	)		(11,232	)		(21,794	)
Net other operating profits		(134,460	)		(59,361	)		(75,098	)
Net gains (losses) on debt securities		(301,798	)		(162,846	)		(138,952	)
Non-domestic gross profits		1,590,825			738,299			852,525
Net interest income		801,922			805,926			(4,003	)
Net fees and commissions		523,878			419,822			104,056
Net trading profits		68,632			60,855			7,777
Net other operating profits		196,390			(548,304	)		744,695
Net gains (losses) on debt securities		122,520			(825,508	)		948,028
General and administrative expenses		1,780,065			1,561,017			219,048
Personnel expenses		728,420			656,054			72,366
Non-personnel expenses		953,031			831,714			121,316
Taxes		98,613			73,248			25,364
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		1,365,384			591,832			773,552
Provision for general allowance for credit losses (2)		32,354			—			32,354
Net operating profits		1,397,744			591,837			805,906
Net non-recurring gains (losses)		475,104			840,637			(365,533	)
Credit costs (3)		(78,658	)		(21,368	)		(57,289	)
Reversal of allowance for credit losses (4)		—			237,127			(237,127	)
Reversal of reserve for contingent losses included in credit costs (5)		1,661			4,747			(3,086	)
Gains on loans written-off (6)		9,124			17,129			(8,005	)
Net gains (losses) on equity securities		473,857			570,073			(96,216	)
Gains on sales of equity securities		585,927			654,204			(68,276	)
Losses on sales of equity securities		(97,281	)		(33,038	)		(64,243	)
Losses on write-down of equity securities		(14,788	)		(51,092	)		36,303
Other non-recurring gains (losses)		69,119			32,927			36,191

Ordinary profits		1,872,849			1,432,475			440,373

Net extraordinary gains (losses)		(39,569	)		44,002			(83,571	)
Net gains (losses) on disposition of fixed assets		(9,367	)		5,699			(15,067	)
Losses on impairment of fixed assets		(7,009	)		(27,179	)		20,170
Gains on liquidation of subsidiaries		21,300			—			21,300
Gains on sales of shares of subsidiaries		11,889			—			11,889
Gains on sales of shares of affiliates		113			67,142			(67,029	)
Losses on write-down of shares of subsidiaries		(56,496	)		—			(56,496	)
Gains on extinguishment of tie-in shares		—			219			(219	)
Losses on sales of shares of subsidiaries		—			(1,879	)		1,879
Income before income taxes		1,833,279			1,476,477			356,801
Income taxes-current		656,606			223,371			433,234
Income taxes-deferred		(147,134	)		139,691			(286,825	)
Total taxes		509,472			363,062			146,409

Net income		1,323,806			1,113,414			210,392


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(35,512	)		237,642			(273,154	)
Credit costs for trust accounts		5			5			(0	)
Provision for general allowance for credit losses		32,354			43,429			(11,075	)
Provision for special allowance for credit losses		(42,848	)		183,670			(226,519	)
Allowance for credit to specific foreign borrowers		3,512			10,026			(6,514	)
Losses on loans write-offs		(26,458	)		(11,625	)		(14,833	)
Provision for contingent losses included in credit costs		1,523			4,747			(3,224	)
Gains on loans written-off		9,124			17,129			(8,005	)
Losses on sales of other loans, etc.		(12,725	)		(9,742	)		(2,982	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		1,544,662			1,580,186			(35,523	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		1,576,336			1,491,177			85,158

Mitsubishi UFJ Financial Group, Inc.

BK Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2026 (A)			March 31, 2025 (B)			(Decrease) (A) - (B)
Gross profits		4,237,458			3,363,142			874,315
Net interest income		2,620,294			2,528,676			91,618
Net fees and commissions		1,216,579			1,038,161			178,417
Net trading profits		307,203			164,215			142,988
Net other operating profits		93,380			(367,910	)		461,291
Net gains (losses) on debt securities		(95,795	)		(843,312	)		747,516
General and administrative expenses		2,380,443			2,132,909			247,533
Amortization of goodwill		18,264			15,487			2,776
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		1,875,279			1,245,721			629,558
Net operating profits before provision for general allowance for credit losses		1,857,015			1,230,233			626,781
Provision for general allowance for credit losses (1)		22,800			—			22,800
Net operating profits*		1,879,815			1,230,233			649,582
Net non-recurring gains (losses)		295,053			526,278			(231,224	)
Credit costs (2)		(336,455	)		(194,205	)		(142,250	)
Losses on loan write-offs		(138,816	)		(181,624	)		42,807
Provision for specific allowance for credit losses		(177,824	)		—			(177,824	)
Other credit costs		(19,814	)		(12,580	)		(7,233	)
Reversal of allowance for credit losses (3)		—			107,208			(107,208	)
Reversal of reserve for contingent losses included in credit costs (4)		2,040			4,260			(2,219	)
Gains on loans written-off (5)		68,738			85,399			(16,660	)
Net gains (losses) on equity securities		385,996			440,199			(54,203	)
Gains on sales of equity securities		495,268			521,536			(26,267	)
Losses on sales of equity securities		(98,980	)		(32,800	)		(66,179	)
Losses on write-down of equity securities		(10,291	)		(48,536	)		38,244
Equity in earnings of equity method investees		92,754			50,465			42,288
Other non-recurring gains (losses)		81,979			32,949			49,029

Ordinary profits		2,174,869			1,756,511			418,357

Net extraordinary gains (losses)		13,484			(11,142	)		24,627
Net gains (losses) on disposition of fixed assets		(9,832	)		5,991			(15,823	)
Losses on impairment of fixed assets		(14,480	)		(59,055	)		44,575
Net gains (losses) on step acquisitions		20,539			(5,854	)		26,393
Gains on liquidation of subsidiaries		18,140			—			18,140
Gains on sales of shares of affiliates		—			47,759			(47,759	)
Profits before income taxes		2,188,354			1,745,369			442,984
Income taxes-current		699,626			270,983			428,643
Income taxes-deferred		(105,458	)		197,309			(302,767	)
Total taxes		594,168			468,292			125,876
Profits		1,594,185			1,277,077			317,108
Profits attributable to non-controlling interests		57,930			45,197			12,733

Profits attributable to owners of parent		1,536,255			1,231,880			304,375


Note:
* Net operating profits = Net operating profits of BK + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(242,875	)		2,663			(245,538	)

Number of consolidated subsidiaries		131			117			14
Number of affiliated companies accounted for under the equity method		44			46			(2	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2026 (A)			March 31, 2025 (B)			(Decrease) (A) - (B)
Gross profits		2,771,254			1,876,884			894,369
Domestic gross profits		1,195,098			1,065,366			129,732
Net interest income		1,013,254			837,775			175,478
Net fees and commissions		342,710			289,903			52,807
Net trading profits		20,879			11,191			9,688
Net other operating profits		(181,746	)		(73,503	)		(108,242	)
Net gains (losses) on debt securities		(230,858	)		(127,658	)		(103,200	)
Non-domestic gross profits		1,576,155			811,517			764,637
Net interest income		705,016			742,515			(37,499	)
Net fees and commissions		522,206			418,593			103,613
Net trading profits		134,235			86,549			47,685
Net other operating profits		214,697			(436,141	)		650,838
Net gains (losses) on debt securities		133,835			(713,624	)		847,460
General and administrative expenses		1,559,250			1,355,137			204,112
Personnel expenses		661,213			591,664			69,548
Non-personnel expenses		809,299			698,337			110,961
Amortization of goodwill		3,574			3,510			63
Taxes		88,737			65,134			23,602
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		1,215,578			525,257			690,320
Net operating profits before provision for general allowance for credit losses		1,212,003			521,746			690,256
Provision for general allowance for credit losses (1)		33,079			—			33,079
Net operating profits		1,245,083			521,746			723,336
Net non-recurring gains (losses)		362,820			685,763			(322,942	)
Credit costs (2)		(78,378	)		(21,369	)		(57,008	)
Reversal of allowance for credit losses (3)		—			237,094			(237,094	)
Reversal of reserve for contingent losses included in credit costs (4)		1,661			4,527			(2,866	)
Gains on loans written-off (5)		9,119			17,112			(7,993	)
Net gains (losses) on equity securities		381,670			434,630			(52,959	)
Gains on sales of equity securities		484,674			512,427			(27,753	)
Losses on sales of equity securities		(95,886	)		(30,314	)		(65,572	)
Losses on write-down of equity securities		(7,116	)		(47,482	)		40,365
Other non-recurring gains (losses)		48,748			13,768			34,979

Ordinary profits		1,607,904			1,207,510			400,393

Net extraordinary gains (losses)		(34,066	)		69,114			(103,181	)
Net gains (losses) on disposition of fixed assets		(8,181	)		4,365			(12,546	)
Losses on impairment of fixed assets		(2,692	)		(2,612	)		(79	)
Gains on liquidation of subsidiaries		21,300			—			21,300
Gains on sales of shares of subsidiaries		11,889			—			11,889
Gains on sales of shares of affiliates		113			67,142			(67,029	)
Losses on write-down of shares of subsidiaries		(56,496	)		—			(56,496	)
Gains on extinguishment of tie-in shares		—			219			(219	)
Income before income taxes		1,573,837			1,276,624			297,212
Income taxes-current		583,814			183,469			400,344
Income taxes-deferred		(145,246	)		133,977			(279,224	)
Total taxes		438,567			317,446			121,120

Net income		1,135,269			959,178			176,091


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(34,518	)		237,364			(271,883	)
Provision for general allowance for credit losses		33,079			43,401			(10,321	)
Provision for special allowance for credit losses		(42,706	)		183,666			(226,373	)
Allowance for credit to specific foreign borrowers		3,512			10,026			(6,514	)
Losses on loans write-off		(26,458	)		(11,625	)		(14,833	)
Provision for contingent losses included in credit costs		1,661			4,527			(2,866	)
Gains on loans written-off		9,119			17,112			(7,993	)
Losses on sales of other loans, etc.		(12,725	)		(9,744	)		(2,981	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities		1,309,026			1,363,029			(54,002	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		1,378,404			1,310,261			68,142

Mitsubishi UFJ Financial Group, Inc.

TB Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2026 (A)			March 31, 2025 (B)			(Decrease) (A) - (B)
Gross profits		777,077			565,406			211,670
Gross profits before credit costs for trust accounts		777,072			565,401			211,671
Trust fees		163,436			144,723			18,713
Trust fees before credit costs for trust accounts		163,431			144,717			18,713
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		15,809			11,368			4,440
Other trust fees		147,621			133,349			14,272
Credit costs for trust accounts (1)		5			5			(0	)
Net interest income		218,231			146,287			71,943
Net fees and commissions		453,831			403,725			50,106
Net trading profits		(118,111	)		(45,805	)		(72,305	)
Net other operating profits		59,689			(83,524	)		143,214
Net gains (losses) on debt securities		(82,255	)		(147,072	)		64,816
General and administrative expenses		581,671			507,788			73,882
Amortization of goodwill		24,189			21,169			3,019
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		219,590			78,781			140,809
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		195,401			57,612			137,789
Provision for general allowance for credit losses (2)		(671	)		—			(671	)
Net operating profits*		194,735			57,618			137,117
Net non-recurring gains (losses)		114,188			162,013			(47,824	)
Credit costs (3)		(533	)		(1	)		(531	)
Losses on loan write-offs		(11	)		(5	)		(6	)
Provision for specific allowance for credit losses		(522	)		—			(522	)
Other credit costs		—			3			(3	)
Reversal of allowance for credit losses (4)		—			169			(169	)
Reversal of reserve for contingent losses included in credit costs (5)		—			219			(219	)
Gains on loans written-off (6)		11			87			(75	)
Net gains (losses) on equity securities		93,305			135,539			(42,233	)
Gains on sales of equity securities		101,253			141,883			(40,630	)
Losses on sales of equity securities		(1,394	)		(2,723	)		1,329
Losses on write-down of equity securities		(6,553	)		(3,620	)		(2,932	)
Equity in earnings of equity method investees		1,611			1,297			314
Other non-recurring gains (losses)		19,794			24,701			(4,907	)

Ordinary profits		308,923			219,631			89,292

Net extraordinary gains (losses)		(50,086	)		(49,112	)		(973	)
Net gains (losses) on disposition of fixed assets		3,186			3,135			50
Losses on impairment of fixed assets		(53,277	)		(49,327	)		(3,950	)
Losses on sales of shares of subsidiaries		—			(3,023	)		3,023
Profits before income taxes		258,837			170,518			88,319
Income taxes-current		91,855			59,425			32,429
Income taxes-deferred		(5,434	)		1,855			(7,290	)
Total taxes		86,421			61,281			25,139
Profits		172,416			109,237			63,179
Profits attributable to non-controlling interests		(8,174	)		(3,870	)		(4,303	)

Profits attributable to owners of parent		180,591			113,107			67,483


Note:
* Net operating profits = Net operating profits of TB + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(1,188	)		481			(1,669	)

Number of consolidated subsidiaries		185			185			—
Number of affiliated companies accounted for under the equity method		7			6			1
TB Consolidated (combined operating results of TB and transferred entities to MUAH in the United States) TB transferred the interests in its subsidiaries in the United States to MUAH in United States which are owned by BK and MUFG. The combined operating results of TB and transferred entities are as follows (the operating results of transferred entities are prepared for managerial accounting purpose):

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		198,125			60,198			137,926
Profits attributable to owners of parent		178,991			111,075			67,915
Number of the entities transferred to MUAH		4			4			—

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2026 (A)			March 31, 2025 (B)			(Decrease) (A) - (B)
Gross profits		374,201			275,970			98,230
Gross profits before credit costs for trust accounts		374,195			275,965			98,230
Domestic gross profits		359,531			349,188			10,342
Trust fees		143,432			126,186			17,245
Trust fees before credit costs for trust accounts		143,426			126,180			17,246
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		15,809			11,368			4,440
Other trust fees		127,617			114,811			12,805
Credit costs for trust accounts (1)		5			5			(0	)
Net interest income		98,713			113,186			(14,473	)
Net fees and commissions		124,007			118,098			5,909
Net trading profits		(53,907	)		(22,424	)		(31,482	)
Net other operating profits		47,285			14,142			33,143
Net gains (losses) on debt securities		(70,940	)		(35,188	)		(35,751	)
Non-domestic gross profits		14,670			(73,217	)		87,887
Net interest income		96,906			63,410			33,495
Net fees and commissions		1,672			1,229			443
Net trading profits		(65,602	)		(25,694	)		(39,907	)
Net other operating profits		(18,306	)		(112,162	)		93,856
Net gains (losses) on debt securities		(11,315	)		(111,884	)		100,568
General and administrative expenses		220,814			205,879			14,935
Personnel expenses		67,207			64,389			2,817
Non-personnel expenses		143,731			133,376			10,355
Taxes		9,875			8,113			1,761
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		153,380			70,085			83,295
Provision for general allowance for credit losses (2)		(725	)		—			(725	)
Net operating profits		152,661			70,091			82,570
Net non-recurring gains (losses)		112,283			154,874			(42,590	)
Credit costs (3)		(279	)		1			(281	)
Reversal of allowance for credit losses (4)		—			33			(33	)
Reversal of reserve for contingent losses included in credit costs (5)		—			219			(219	)
Gains on loans written-off (6)		5			16			(11	)
Net gains (losses) on equity securities		92,187			135,443			(43,256	)
Gains on sales of equity securities		101,253			141,777			(40,523	)
Losses on sales of equity securities		(1,394	)		(2,723	)		1,328
Losses on write-down of equity securities		(7,672	)		(3,610	)		(4,061	)
Other non-recurring gains (losses)		20,370			19,159			1,211

Ordinary profits		264,945			224,965			39,979

Net extraordinary gains (losses)		(5,503	)		(25,112	)		19,609
Net gains (losses) on disposition of fixed assets		(1,185	)		1,334			(2,520	)
Losses on impairment of fixed assets		(4,317	)		(24,567	)		20,249
Losses on sales of shares of subsidiaries		—			(1,879	)		1,879
Income before income taxes		259,442			199,852			59,589
Income taxes-current		72,792			39,902			32,890
Income taxes-deferred		(1,887	)		5,713			(7,601	)
Total taxes		70,904			45,616			25,288

Net income		188,537			154,236			34,300


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(993	)		277			(1,271	)
Credit costs for trust accounts		5			5			(0	)
Provision for general allowance for credit losses		(725	)		28			(753	)
Provision for special allowance for credit losses		(141	)		4			(146	)
Allowance for credit to specific foreign borrowers		—			—			—
Losses on loans write-offs		—			—			—
Provision for contingent losses included in credit costs		(138	)		219			(358	)
Gains on loans written-off		5			16			(11	)
Losses on sales of other loans, etc.		—			1			(1	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		235,636			217,157			18,478
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		197,931			180,915			17,015

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BK Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2026 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2025 (B)
Total average interest rate on interest-earning assets (a)		0.80		0.27			0.53
Average interest rate on loans and bills discounted (b)		1.16		0.29			0.86
Average interest rate on securities		0.72		0.11			0.61
Total average interest rate on interest-bearing liabilities (c)
<including general and administrative expenses>		0.62		0.21			0.40
Average interest rate on deposits and NCD (d)		0.19		0.13			0.05
Average interest rate on other liabilities		0.69		0.38			0.31
Overall interest rate spread (a)-(c)		0.18		0.05			0.12
Interest rate spread (b)-(d)		0.96		0.15			0.81

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		1.21		0.27			0.94
Interest rate spread (e)-(d)		1.02		0.13			0.88

TB Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2026 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2025 (B)
Total average interest rate on interest-earning assets (a)		1.04		0.12			0.91
Average interest rate on loans and bills discounted (b)		1.02		0.25			0.77
Average interest rate on securities		2.82		(0.81	)		3.64
Total average interest rate on interest-bearing liabilities (c)		0.55		0.24			0.30
Average interest rate on deposits and NCD (d)		0.40		0.27			0.13
Overall interest rate spread (a)-(c)		0.48		(0.11	)		0.60
Interest rate spread (b)-(d)		0.62		(0.01	)		0.63

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		1.02		0.22			0.80
Interest rate spread (e)-(d)		0.62		(0.04	)		0.67

(Reference)
BK and TB Combined
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2026 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2025 (B)
Average interest rate on loans and bills discounted (a)		1.15		0.29			0.86
Average interest rate on deposits and NCD (b)		0.21		0.14			0.06
Interest rate spread (a)-(b)		0.94		0.14			0.80

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (c)		1.21		0.27			0.94
Interest rate spread (c)-(b)		1.00		0.12			0.87

Mitsubishi UFJ Financial Group, Inc.

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

MUFG Consolidated

(in billions of yen)

As of March 31, 2026

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

5,747.4

11,130.2

11,543.4

28,421.1

Receive-floater/pay-fix

4,302.6

18,663.6

3,122.1

26,088.5

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

10,050.0

29,793.9

14,665.6

54,509.6

BK Consolidated

(in billions of yen)

As of March 31, 2026

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

4,884.4

9,874.0

11,441.1

26,199.6

Receive-floater/pay-fix

3,374.7

16,736.3

2,396.5

22,507.6

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

8,259.1

26,610.4

13,837.6

48,707.2

TB Consolidated

(in billions of yen)

As of March 31, 2026

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

862.9

1,256.1

102.3

2,221.4

Receive-floater/pay-fix

927.9

1,927.3

725.6

3,580.8

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

1,790.8

3,183.5

827.9

5,802.3

Mitsubishi UFJ Financial Group, Inc.

4. Securities

MUFG Consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, securitized products in “Monetary claims bought” and others in addition to “Securities”.

Fair Value Information on Securities


	(in millions of yen)
	As of March 31, 2026									As of March 31, 2025
	Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses
Debt securities being held to maturity		26,012,559		(1,119,329	)		28,462		1,147,791		23,272,183		(625,190	)		15,276		640,467
Domestic bonds		19,681,132		(1,020,494	)		—		1,020,494		17,115,009		(491,977	)		3		491,980
Government bonds		15,270,891		(704,290	)		—		704,290		13,300,923		(369,059	)		—		369,059
Municipal bonds		2,847,327		(165,265	)		—		165,265		2,545,626		(93,140	)		—		93,140
Corporate bonds		1,562,913		(150,938	)		—		150,938		1,268,459		(29,777	)		3		29,781
Other		6,331,426		(98,835	)		28,462		127,297		6,157,174		(133,213	)		15,272		148,486
Foreign bonds		4,488,121		(99,574	)		25,120		124,694		4,690,276		(137,239	)		10,825		148,065
Other		1,843,304		739			3,341		2,602		1,466,897		4,026			4,446		420

	(in millions of yen)
	As of March 31, 2026									As of March 31, 2025
	Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses
Available-for-sale securities		57,786,465		2,708,595			3,396,364		687,769		61,321,796		2,203,663			2,898,215		694,551
Domestic equity securities		3,735,905		2,818,354			2,825,170		6,816		3,540,457		2,458,566			2,468,724		10,158
Domestic bonds		14,785,152		(289,268	)		1,809		291,077		23,123,161		(249,533	)		4,371		253,905
Government bonds		13,346,832		(147,696	)		126		147,823		21,181,296		(155,513	)		2,327		157,840
Municipal bonds		166,451		(10,586	)		0		10,587		309,997		(9,776	)		2		9,779
Corporate bonds		1,271,868		(130,985	)		1,681		132,667		1,631,867		(84,243	)		2,041		86,285
Other		39,265,407		179,509			569,384		389,875		34,658,178		(5,368	)		425,118		430,487
Foreign equity securities		845,003		116,834			146,029		29,194		662,949		36,272			54,295		18,022
Foreign bonds		28,302,385		(147,975	)		104,157		252,132		24,182,709		(113,323	)		152,561		265,884
Other		10,118,017		210,650			319,197		108,547		9,812,519		71,682			218,262		146,580

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity


	(in millions of yen)
	As of March 31, 2026								As of March 31, 2025
	within 1 year		1 year to 5 years		5 years to 10 years		over 10 years		within 1 year		1 year to 5 years		5 years to 10 years		over 10 years
Domestic bonds		14,581,143		6,692,908		11,907,676		1,282,557		18,500,074		9,875,244		8,772,124		3,090,727
Government bonds		14,048,555		4,408,256		10,080,978		77,934		18,007,133		7,559,511		6,953,734		1,961,839
Municipal bonds		226,088		1,304,741		1,482,949		—		215,259		1,165,338		1,475,025		—
Corporate bonds		306,500		979,909		343,749		1,204,622		277,680		1,150,393		343,363		1,128,887
Other		8,039,551		10,495,195		4,825,995		17,365,629		5,613,333		11,742,041		5,692,392		13,611,167
Foreign equity securities		11,961		9,667		—		—		1,366		20,285		—		—
Foreign bonds		6,893,721		7,857,788		4,404,342		13,964,838		4,547,585		8,729,761		4,854,426		10,913,751
Other		1,133,868		2,627,739		421,652		3,400,791		1,064,380		2,991,994		837,966		2,697,415
Total		22,620,695		17,188,103		16,733,672		18,648,187		24,113,407		21,617,285		14,464,517		16,701,894

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, securitized products in “Monetary claims bought” and others in addition to “Securities”.

Fair Value Information on Securities

(in millions of yen)

As of March 31, 2026

As of March 31, 2025

Amount on
balance sheet

Unrealized
gains (losses)

Gains

Losses

Amount on
balance sheet

Unrealized
gains (losses)

Gains

Losses

Debt securities being held to maturity

23,173,566

(1,071,335

)

24,884

1,096,220

21,295,315

(607,764

)

10,777

618,541

Stocks of subsidiaries and affiliates

670,430

682,505

691,297

8,792

684,864

464,454

471,540

7,086

(in millions of yen)

As of March 31, 2026

As of March 31, 2025

Amount on
balance sheet

Unrealized
gains (losses)

Gains

Losses

Amount on
balance sheet

Unrealized
gains (losses)

Gains

Losses

Available-for-sale securities

40,321,531

2,417,494

2,751,747

334,252

45,173,480

2,005,377

2,300,444

295,066

Domestic equity securities

3,228,036

2,395,455

2,400,629

5,173

3,012,332

2,044,936

2,053,034

8,097

Domestic bonds

12,896,387

(160,520

)

1,806

162,326

20,849,312

(138,304

)

3,926

142,230

Other

24,197,108

182,559

349,311

166,752

21,311,835

98,744

243,483

144,738

Foreign equity securities

709,641

84,853

110,205

25,351

605,665

17,076

30,177

13,101

Foreign bonds

16,321,645

11,864

71,691

59,826

13,651,795

88,819

110,304

21,485

Other

7,165,821

85,841

167,415

81,573

7,054,373

(7,151

)

103,000

110,152

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity

(in millions of yen)

As of March 31, 2026

As of March 31, 2025

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

Domestic bonds

13,811,865

6,692,901

10,212,447

1,197,412

18,407,253

9,375,181

7,204,520

2,741,856

Government bonds

13,280,174

4,408,256

8,393,120

45,048

17,915,211

7,060,351

5,390,211

1,715,335

Municipal bonds

226,087

1,304,734

1,482,949

—

215,259

1,165,328

1,475,025

—

Corporate bonds

305,603

979,909

336,377

1,152,363

276,781

1,149,501

339,283

1,026,521

Other

5,528,324

5,205,334

1,845,721

12,393,561

3,733,273

6,482,656

2,494,264

10,189,203

Foreign equity securities

11,961

9,667

—

1,366

20,285

—

Foreign bonds

4,732,967

2,846,098

1,634,868

11,235,753

3,186,009

3,714,661

2,261,660

8,799,263

Other

783,395

2,349,569

210,853

1,157,807

545,896

2,747,709

232,603

1,389,940

Total

19,340,189

11,898,236

12,058,169

13,590,973

22,140,526

15,857,837

9,698,784

12,931,060

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

The tables include securitized products in “Monetary claims bought” in addition to “Securities”.

Fair Value Information on Securities


	(in millions of yen)
	As of March 31, 2026									As of March 31, 2025
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Debt securities being held to maturity		2,838,992		(47,993	)		3,577		51,571		1,976,868		(17,426	)		4,499		21,925
Stocks of subsidiaries and affiliates		19,850		(546	)		—		546		19,189		(1,368	)		—		1,368

	(in millions of yen)
	As of March 31, 2026									As of March 31, 2025
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Available-for-sale securities		12,064,345		339,750			624,931		285,181		11,541,216		251,081			552,833		301,751
Domestic equity securities		602,033		458,349			459,237		888		588,732		413,329			415,255		1,925
Domestic bonds		1,617,044		(128,831	)		0		128,831		2,181,927		(111,341	)		444		111,785
Other		9,845,266		10,233			165,694		155,461		8,770,556		(50,907	)		137,133		188,040
Foreign equity securities		171		116			116		—		130		81			81		—
Foreign bonds		8,001,151		(110,035	)		19,427		129,462		7,018,941		(123,179	)		28,749		151,929
Other		1,843,943		120,152			146,150		25,998		1,751,484		72,191			108,302		36,110
Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2026									As of March 31, 2025
	within 1 year		1 year to 5 years			5 years to 10 years		over 10 years		within 1 year		1 year to 5 years			5 years to 10 years		over 10 years
Domestic bonds		499,557		6			1,695,229		85,144		899		500,062			1,567,603		348,870
Government bonds		498,660		—			1,687,858		32,886		—		499,160			1,563,523		246,504
Municipal bonds		0		6			—		—		—		10			—		—
Corporate bonds		896		—			7,371		52,258		899		892			4,080		102,366
Other		519,814		3,147,616			1,903,871		4,939,744		386,183		3,080,461			2,327,090		3,400,230
Foreign equity securities		—		—			—		—		—		—			—		—
Foreign bonds		490,054		3,004,958			1,838,620		4,843,617		297,586		2,854,717			2,268,804		3,339,190
Other		29,760		142,658			65,251		96,126		88,596		225,744			58,286		61,039
Total		1,019,372		3,147,623			3,599,101		5,024,889		387,082		3,580,524			3,894,694		3,749,101

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the fiscal year
ended
March 31, 2026
(A)

Increase
(Decrease)
(A) - (B)

For the fiscal year
ended
March 31, 2025
(B)

ROE (JPX basis) *1

11.34

2.05

9.29

Note:

Japan Exchange Group

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio

MUFG Consolidated


										(in billions of yen)
	As of March 31, 2026 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)			As of September 30, 2025
(1) Total capital ratio (4)/(7)		16.85	%		(1.98	)%		18.83	%		18.99	%
(2) Tier 1 capital ratio (5)/(7)		14.95	%		(1.69	)%		16.65	%		16.87	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.47	%		(1.71	)%		14.18	%		14.08	%
(4) Total capital		20,273.6			128.5			20,145.0			21,052.8
(5) Tier 1 capital		17,984.0			179.1			17,804.8			18,702.0
(6) Common Equity Tier 1 capital		15,002.2			(167.0	)		15,169.2			15,605.2
(7) Risk weighted assets		120,281.7			13,351.2			106,930.4			110,808.0
(8) Required Capital (7)×8%		9,622.5			1,068.1			8,554.4			8,864.6

BK Consolidated
										(in billions of yen)
	As of March 31, 2026 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)			As of September 30, 2025
(1) Total capital ratio (4)/(7)		18.02	%		(1.60	)%		19.63	%		19.60	%
(2) Tier 1 capital ratio (5)/(7)		16.42	%		(1.25	)%		17.68	%		17.81	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		13.87	%		(1.22	)%		15.10	%		14.81	%
(4) Total capital		18,098.6			1,620.9			16,477.6			17,239.0
(5) Tier 1 capital		16,498.3			1,655.1			14,843.2			15,666.4
(6) Common Equity Tier 1 capital		13,932.1			1,256.9			12,675.1			13,023.9
(7) Risk weighted assets		100,418.7			16,489.3			83,929.4			87,923.5
(8) Required Capital (7)×8%		8,033.4			1,319.1			6,714.3			7,033.8

TB Consolidated
										(in billions of yen)
	As of March 31, 2026 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)			As of September 30, 2025
(1) Total capital ratio (4)/(7)		19.40	%		(0.56	)%		19.96	%		20.14	%
(2) Tier 1 capital ratio (5)/(7)		15.55	%		(0.86	)%		16.41	%		15.97	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.84	%		(0.72	)%		13.56	%		13.02	%
(4) Total capital		2,111.9			170.2			1,941.6			2,047.8
(5) Tier 1 capital		1,693.2			96.8			1,596.3			1,624.0
(6) Common Equity Tier 1 capital		1,397.7			79.0			1,318.7			1,324.1
(7) Risk weighted assets		10,885.7			1,161.2			9,724.4			10,168.0
(8) Required Capital (7)×8%		870.8			92.9			777.9			813.4

BK Non-consolidated
										(in billions of yen)
	As of March 31, 2026 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)			As of September 30, 2025
(1) Total capital ratio (4)/(7)		14.34	%		(2.72	)%		17.07	%		17.23	%
(2) Tier 1 capital ratio (5)/(7)		12.95	%		(2.29	)%		15.24	%		15.60	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		10.06	%		(2.24	)%		12.30	%		12.19	%
(4) Total capital		12,369.8			120.9			12,248.9			13,054.3
(5) Tier 1 capital		11,172.1			231.8			10,940.2			11,819.6
(6) Common Equity Tier 1 capital		8,677.7			(153.2	)		8,830.9			9,233.9
(7) Risk weighted assets		86,233.3			14,485.9			71,747.3			75,738.6
(8) Required Capital (7)×8%		6,898.6			1,158.8			5,739.7			6,059.0

TB Non-consolidated
										(in billions of yen)
	As of March 31, 2026 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)			As of September 30, 2025
(1) Total capital ratio (4)/(7)		18.26	%		(1.80	)%		20.06	%		19.59	%
(2) Tier 1 capital ratio (5)/(7)		14.91	%		(1.97	)%		16.89	%		15.96	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.56	%		(1.79	)%		14.35	%		13.39	%
(4) Total capital		2,280.1			104.1			2,176.0			2,276.3
(5) Tier 1 capital		1,862.6			30.4			1,832.1			1,853.8
(6) Common Equity Tier 1 capital		1,568.6			11.9			1,556.6			1,556.3
(7) Risk weighted assets		12,485.9			1,641.4			10,844.5			11,614.9
(8) Required Capital (7)×8%		998.8			131.3			867.5			929.1

Note:

Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.

Risk-adjusted capital ratio of BK and TB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

Mitsubishi UFJ Financial Group, Inc.

7. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the “FRA”)

MUFG Consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)


								(in millions of yen)
								As of March 31, 2026			As of March 31, 2025			Increase (Decrease)
Bankrupt or De facto Bankrupt									303,742			300,776			2,965
Doubtful									667,097			693,225			(26,128	)
Special Attention									489,930			536,469			(46,538	)
Accruing loans contractually past due 3 months or more									12,271			17,863			(5,591	)
Restructured loans									477,659			518,605			(40,946	)
Subtotal (A)									1,460,769			1,530,471			(69,701	)

Normal (B)									150,212,705			135,805,816			14,406,889
Total loans (C=A+B)									151,673,475			137,336,287			14,337,188

Non-performing loans ratio (A)/(C)									0.96	%		1.11	%		(0.15	)%

Write-offs									226,406			199,367			27,038

(2) Allowance for Credit Losses

														(in millions of yen)
	As of March 31, 2026		Coverage ratio (D)/(A)			As of March 31, 2025		Coverage ratio (D)/(A)			Increase (Decrease)			Coverage ratio (D)/(A)
Allowance for credit losses (D)		1,229,947		84.19	%		1,214,870		79.37	%		15,077			4.81	%
General allowance for credit losses		759,321					761,228					(1,906	)
Specific allowance for credit losses		462,754					442,257					20,496
Allowance for credit to specific foreign borrowers		7,872					11,385					(3,512	)

(3) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

								(in millions of yen)
Classified by Geographic Area								As of March 31, 2026			As of March 31, 2025			Increase (Decrease)
Domestic									674,217			786,751			(112,533	)
Overseas									786,552			743,720			42,832
Asia									477,275			491,835			(14,559	)
Indonesia									44,999			51,106			(6,106	)
Singapore									361			629			(268	)
Thailand									397,254			382,780			14,473
Other									34,660			57,318			(22,658	)
Americas									205,643			124,006			81,636
Europe, Middle East and Other									103,633			127,878			(24,245	)
Total									1,460,769			1,530,471			(69,701	)

								(in millions of yen)
Classified by Industry								As of March 31, 2026			As of March 31, 2025			Increase (Decrease)
Domestic									674,217			786,751			(112,533	)
Manufacturing									228,374			297,746			(69,372	)
Construction									5,335			6,258			(923	)
Wholesale and retail									81,592			84,280			(2,687	)
Finance and insurance									156			16,709			(16,553	)
Real estate, goods rental and leasing									16,755			27,402			(10,647	)
Services									48,374			65,970			(17,595	)
Other industries									16,888			38,996			(22,108	)
Consumer									276,740			249,386			27,353
Overseas									786,552			743,720			42,832
Financial institutions									5,486			14,902			(9,415	)
Commercial and industrial									549,284			492,167			57,116
Other									231,781			236,650			(4,868	)
Total									1,460,769			1,530,471			(69,701	)

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)


									(in millions of yen)
									As of March 31, 2026			As of March 31, 2025			Increase (Decrease)
Bankrupt or De facto Bankrupt										42,991			50,052			(7,061	)
Doubtful										412,629			448,449			(35,819	)
Special Attention										275,301			365,391			(90,089	)
Accruing loans contractually past due 3 months or more										4,465			9,236			(4,771	)
Restructured loans										270,836			356,154			(85,318	)
Subtotal (A)										730,922			863,892			(132,969	)

Normal (B)										134,395,862			121,231,909			13,163,952
Total loans (C=A+B)										135,126,785			122,095,802			13,030,982

Non-performing loans ratio (A)/(C)										0.54	%		0.70	%		(0.16	)%

Write-offs										187,104			163,085			24,019

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

	(in millions of yen)
	As of March 31, 2026		Coverage ratio [(D)+(E)]/(A)			As of March 31, 2025			Coverage ratio [(D)+(E)]/(A)			Increase (Decrease)			Coverage ratio [(D)+(E)]/(A)
Covered amount		582,124		79.64	%		656,627			76.00	%		(74,502	)		3.63	%
Allowance for credit losses(D)		299,034					325,637						(26,603	)
Collateral, guarantees, etc.(E)		283,090					330,989						(47,899	)

(3) Coverage Ratio

			(in millions of yen)
Category			Loan amount (A)			Allowance for credit losses (D)			Covered by collateral and/ or guarantees (E)			Allowance coverage ratio for unsecured portion (D) / [(A) - (E)]			Coverage ratio [(D)+(E)]/(A)
Bankrupt or De facto Bankrupt				42,991			540			42,450						100.00	%
				[ 50,052	]		[ 995	]		[ 49,057	]					[ 100.00	%]
Doubtful				412,629			190,043			134,926						78.75	%
				[ 448,449	]		[ 189,859	]		[ 133,301	]					[ 72.06	%]
Special Attention				275,301			108,450			105,713						77.79	%
				[ 365,391	]		[ 134,782	]		[ 148,630	]					[ 77.56	%]
Total				730,922			299,034			283,090						79.64	%
				[ 863,892	]		[ 325,637	]		[ 330,989	]					[ 76.00	%]

Note: The upper figures are as of March 31, 2026. The lower figures with brackets are as of March 31, 2025.

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

									(in millions of yen)
Classified by Geographic Area									As of March 31, 2026			As of March 31, 2025			Increase (Decrease)
Domestic										435,374			583,270			(147,896	)
Overseas										295,548			280,622			14,926
Asia										34,679			58,101			(23,421	)
Indonesia										74			507			(433	)
Singapore										361			629			(268	)
Thailand										—			—			—
Other										34,243			56,964			(22,720	)
Americas										205,643			124,006			81,636
Europe, Middle East and Other										55,225			98,514			(43,288	)
Total										730,922			863,892			(132,969	)

									(in millions of yen)
Classified by Industry									As of March 31, 2026			As of March 31, 2025			Increase (Decrease)
Domestic										435,374			583,270			(147,896	)
Manufacturing										226,043			295,833			(69,789	)
Construction										5,184			6,164			(980	)
Wholesale and retail										79,099			81,876			(2,776	)
Finance and insurance										155			16,687			(16,532	)
Real estate										15,532			17,748			(2,216	)
Goods rental and leasing										1,149			9,636			(8,486	)
Services										48,267			65,734			(17,466	)
Other industries										15,516			37,889			(22,372	)
Consumer										44,424			51,699			(7,275	)
Overseas										295,548			280,622			14,926
Financial institutions										3,596			13,131			(9,534	)
Commercial and industrial										291,898			267,402			24,496
Other										54			88			(34	)
Total										730,922			863,892			(132,969	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)


									(in millions of yen)
									As of March 31, 2026			As of March 31, 2025			Increase (Decrease)
Bankrupt or De facto Bankrupt										42,970			50,002			(7,032	)
Doubtful										411,696			447,324			(35,627	)
Special Attention										275,301			365,391			(90,089	)
Accruing loans contractually past due 3 months or more										4,465			9,236			(4,771	)
Restructured loans										270,836			356,154			(85,318	)
Subtotal (A)										729,969			862,718			(132,749	)

Normal (B)										131,316,395			118,665,863			12,650,531
Total loans (C=A+B)										132,046,364			119,528,581			12,517,782

Non-performing loans ratio (A)/(C)										0.55	%		0.72	%		(0.16	)%

Write-offs										187,102			163,077			24,025

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

	(in millions of yen)
	As of March 31, 2026		Coverage ratio [(D)+(E)]/(A)			As of March 31, 2025			Coverage ratio [(D)+(E)]/(A)			Increase (Decrease)			Coverage ratio [(D)+(E)]/(A)
Covered amount		581,170		79.61	%		655,452			75.97	%		(74,281	)		3.64	%
Allowance for credit losses(D)		299,034					325,637						(26,603	)
Collateral, guarantees, etc.(E)		282,136					329,815						(47,678	)

(3) Coverage Ratio
	(in millions of yen)
Category			Loan amount (A)			Allowance for credit losses (D)			Covered by collateral and/ or guarantees (E)			Allowance coverage ratio for unsecured portion (D) / [(A) - (E)]			Coverage ratio [(D)+(E)]/(A)
Bankrupt or De facto Bankrupt				42,970			540			42,430			100.00	%		100.00	%
				[ 50,002	]		[ 995	]		[ 49,007	]		[ 100.00	%]		[ 100.00	%]
Doubtful				411,696			190,043			133,993			68.43	%		78.70	%
				[ 447,324	]		[ 189,859	]		[ 132,177	]		[ 60.24	%]		[ 71.99	%]
Special Attention				275,301			108,450			105,713			63.94	%		77.79	%
				[ 365,391	]		[ 134,782	]		[ 148,630	]		[ 62.18	%]		[ 77.56	%]
Total				729,969			299,034			282,136			66.77	%		79.61	%
				[ 862,718	]		[ 325,637	]		[ 329,815	]		[ 61.10	%]		[ 75.97	%]
Note: The upper figures are as of March 31, 2026. The lower figures with brackets are as of March 31, 2025. (4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

									(in millions of yen)
Classified by Geographic Area									As of March 31, 2026			As of March 31, 2025			Increase (Decrease)
Domestic										434,420			582,096			(147,675	)
Overseas										295,548			280,622			14,926
Asia										34,679			58,101			(23,421	)
Indonesia										74			507			(433	)
Singapore										361			629			(268	)
Thailand										—			—			—
Other										34,243			56,964			(22,720	)
Americas										205,643			124,006			81,636
Europe, Middle East and Other										55,225			98,514			(43,288	)

Total										729,969			862,718			(132,749	)


									(in millions of yen)
Classified by Industry									As of March 31, 2026			As of March 31, 2025			Increase (Decrease)
Domestic										434,420			582,096			(147,675	)
Manufacturing										226,043			295,833			(69,789	)
Construction										5,184			6,164			(980	)
Wholesale and retail										79,099			81,876			(2,776	)
Finance and insurance										155			16,687			(16,532	)
Real estate										15,532			17,748			(2,216	)
Goods rental and leasing										1,149			9,636			(8,486	)
Services										48,267			65,734			(17,466	)
Other industries										15,516			37,889			(22,372	)
Consumer										43,470			50,525			(7,054	)
Overseas										295,548			280,622			14,926
Financial institutions										3,596			13,131			(9,534	)
Commercial and industrial										291,898			267,402			24,496
Other										54			88			(34	)

Total										729,969			862,718			(132,749	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)


								(in millions of yen)
								As of March 31, 2026			As of March 31, 2025			Increase (Decrease)
Bankrupt or De facto Bankrupt									20			49			(29	)
Doubtful									933			1,124			(191	)
Special Attention									—			—			—
Accruing loans contractually past due 3 months or more									—			—			—
Restructured loans									—			—			—
Subtotal (A)									953			1,174			(220	)

Normal(B)									3,077,509			2,563,577			513,931
Total loans (C=A+B)									3,078,463			2,564,752			513,711

Non-performing loans ratio (A)/(C)									0.03	%		0.04	%		(0.01	)%

Write-offs									2			7			(5	)

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

	(in millions of yen)
	As of March 31, 2026		Coverage ratio [(D)+(E)]/(A)			As of March 31, 2025		Coverage ratio [(D)+(E)]/(A)			Increase (Decrease)			Coverage ratio [(D)+(E)]/(A)
Covered amount		953		100.00	%		1,174		100.00	%		(220	)		—
Allowance for credit losses(D)		—					—					—
Collateral, guarantees, etc.(E)		953					1,174					(220	)

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount
(A)

Allowance for
credit losses
(D)

Covered by
collateral and/
or guarantees
(E)

Allowance coverage
ratio for unsecured
portion (D) / [(A) -
(E)]

Coverage ratio
[(D)+(E)]/(A)

Bankrupt or De facto Bankrupt

—

[ — ]

Doubtful

—

[ — ]

Special Attention

—

[ — ]

Total

—

[ — ]

Note: The upper figures are as of March 31, 2025. The lower figures with brackets are as of March 31, 2024.

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans) Classified by Industry (in millions of yen)

(in millions of yen)

As of
March 31, 2026

As of March 31, 2025

Increase
(Decrease)

Domestic

—

Manufacturing

—

Construction

—

Wholesale and retail

—

Finance and insurance

—

Real estate

—

Goods rental and leasing

—

Services

—

Other industries

—

Consumer

—

Total

—

Mitsubishi UFJ Financial Group, Inc.

Overview of Self-Assessment, Status of Coverage, and Loans to Be Disclosed under the Banking Act and the FRA

BK and TB Combined

LOGO

(*) “Customers’ liabilities for acceptances and guarantees” in Classification IV are fully reserved.

Mitsubishi UFJ Financial Group, Inc.

8. Progress in Disposition of Problem Assets

BK Non-consolidated

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRA”


	(in millions of yen)
	As of March 31, 2023		As of March 31, 2024		As of March 31, 2025 (A)		As of March 31, 2026 (B)		(B) - (A)
Assets newly categorized during fiscal 2022		240,324		114,818		71,431		44,584		(26,846	)
Assets newly categorized during fiscal 2023				642,712		79,951		44,061		(35,890	)
Assets newly categorized during fiscal 2024						175,417		57,296		(118,121	)
Assets newly categorized during fiscal 2025								214,419

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the Fiscal Year Ended March 31, 2026
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		25,236
Reconstructive treatment		12,233
Upgrade due to reconstructive treatment		22,541
Loan sold to secondary market		55,480
Write-offs		16,762
Others		124,824
Collection / Repayment		38,565
Upgrade		86,259

Total		257,079		23,679		233,399

Amount in process for disposition		40,041

Note:

The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRA”


	(in millions of yen)
	As of March 31, 2023		As of March 31, 2024		As of March 31, 2025 (A)		As of March 31, 2026 (B)		(B) - (A)
Assets newly categorized during fiscal 2022		986		262		91		87		(4	)
Assets newly categorized during fiscal 2023				410		254		110		(143	)
Assets newly categorized during fiscal 2024						477		127		(349	)
Assets newly categorized during fiscal 2025								354

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the Fiscal Year Ended March 31, 2026
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		—
Reconstructive treatment		—
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		—
Write-offs		—
Others		909
Collection / Repayment		226
Upgrade		682

Total		909		17		892

Amount in process for disposition		45

Note:

Mitsubishi UFJ Financial Group, Inc.

9. Loans Classified by Type of Industry

BK and TB Combined including Trust Accounts

Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2026 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Domestic offices (excluding loans booked at offshore markets)		80,051,087		3,617,687			76,433,399

Manufacturing		13,118,506		2,181,279			10,937,227
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		124,942		15,386			109,556
Construction		957,071		7,930			949,141
Utilities		2,845,654		142,416			2,703,238
Communication and information services		1,706,509		281,754			1,424,755
Transport and postal activities		2,388,170		225,962			2,162,208
Wholesale and retail		7,540,045		1,374,362			6,165,683
Finance and insurance		10,526,533		1,256,370			9,270,162
Real estate		12,978,593		1,290,680			11,687,912
Goods rental and leasing		2,762,265		283,204			2,479,061
Services		2,789,337		(729,910	)		3,519,248
Municipal government		1,864,300		287,824			1,576,476
Other industries (including loans to the Japanese government)		20,449,159		(2,999,570	)		23,448,729
Overseas offices and loans booked at offshore markets		42,832,168		7,675,348			35,156,819
Governments		460,492		53,022			407,470
Financial Institutions		17,896,046		3,638,038			14,258,007
Other		24,475,628		3,984,287			20,491,341

Total		122,883,255		11,293,036			111,590,219

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2026 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Domestic offices (excluding loans booked at offshore markets)		77,538,083		3,605,463			73,932,619

Manufacturing		13,117,106		2,181,279			10,935,827
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		124,942		15,386			109,556
Construction		957,071		7,930			949,141
Utilities		2,845,654		142,416			2,703,238
Communication and information services		1,692,732		279,769			1,412,963
Transport and postal activities		2,373,170		225,962			2,147,208
Wholesale and retail		7,540,045		1,374,362			6,165,683
Finance and insurance		8,981,580		1,151,864			7,829,716
Real estate		12,948,946		1,297,060			11,651,886
Goods rental and leasing		2,762,265		283,204			2,479,061
Services		2,786,829		(731,905	)		3,518,734
Municipal government		1,864,099		287,854			1,576,245
Other industries (including loans to the Japanese government)		19,543,644		(2,909,717	)		22,453,361
Overseas offices and loans booked at offshore markets		41,040,700		7,230,728			33,809,971
Governments		460,492		53,022			407,470
Financial Institutions		16,104,625		3,193,429			12,911,195
Other		24,475,582		3,984,276			20,491,305

Total		118,578,783		10,836,192			107,742,591

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2026 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Domestic offices (excluding loans booked at offshore markets)		1,017,510		24,685			992,824

Manufacturing		—		—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—		—			—
Construction		—		—			—
Utilities		—		—			—
Communication and information services		13,777		1,985			11,792
Transport and postal activities		—		—			—
Wholesale and retail		—		—			—
Finance and insurance		443,197		223,888			219,309
Real estate		4,146		(6,285	)		10,432
Goods rental and leasing		—		—			—
Services		508		(5	)		514
Municipal government		—		—			—
Other industries (including loans to the Japanese government)		555,880		(194,896	)		750,777
Overseas offices and loans booked at offshore markets		1,791,468		444,620			1,346,848
Governments		—		—			—
Financial Institutions		1,791,421		444,609			1,346,812
Other		46		10			35

Total		2,808,978		469,306			2,339,672

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Accounts

Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2026 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Domestic offices (excluding loans booked at offshore markets)		1,495,493		(12,462	)		1,507,955

Manufacturing		1,400		—			1,400
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—		—			—
Construction		—		—			—
Utilities		—		—			—
Communication and information services		—		—			—
Transport and postal activities		15,000		—			15,000
Wholesale and retail		—		—			—
Finance and insurance		1,101,755		(119,381	)		1,221,137
Real estate		25,501		(93	)		25,594
Goods rental and leasing		—		—			—
Services		2,000		2,000			—
Municipal government		201		(29	)		231
Other industries (including loans to the Japanese government)		349,634		105,043			244,591
Overseas offices and loans booked at offshore markets		—		—			—
Governments		—		—			—
Financial Institutions		—		—			—
Other		—		—			—

Total		1,495,493		(12,462	)		1,507,955

Mitsubishi UFJ Financial Group, Inc.

10. Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors

BK and TB Combined including Trust Accounts

(1) Domestic Consumer Loans


	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Total domestic consumer loans		15,297,625			266,822			15,030,803
Housing loans		14,498,594			223,573			14,275,020
Residential purpose		12,960,379			292,829			12,667,550
Other		799,030			43,248			755,782

(2) Domestic Loans to Small/Medium-Sized Companies and Proprietors

	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Outstanding amount		46,331,413			4,058,869			42,272,543
% to total domestic loans		57.87	%		2.57	%		55.30	%

BK Non-consolidated

(1) Domestic Consumer Loans

	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Total domestic consumer loans		14,802,908			336,020			14,466,887
Housing loans		14,004,141			292,709			13,711,432
Residential purpose		12,466,199			361,931			12,104,268
Other		798,766			43,310			755,455

(2) Domestic Loans to Small/Medium-Sized Companies and Proprietors

	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Outstanding amount		45,402,117			4,046,927			41,355,190
% to total domestic loans		58.55	%		2.61	%		55.93	%

TB Non-consolidated

(1) Domestic Consumer Loans

	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Total domestic consumer loans		492,961			(68,812	)		561,773
Housing loans		492,697			(68,749	)		561,446
Residential purpose		492,424			(68,718	)		561,143
Other		264			(62	)		326

(2) Domestic Loans to Small/Medium-Sized Companies and Proprietors

	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Outstanding amount		584,417			(103,958	)		688,376
% to total domestic loans		57.43	%		(11.89	)%		69.33	%

TB Non-consolidated: Trust Accounts

(1) Domestic Consumer Loans

	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Total domestic consumer loans		1,756			(385	)		2,141
Housing loans		1,756			(385	)		2,141
Residential purpose		1,755			(383	)		2,138
Other		—			—			—

(2) Domestic Loans to Small/Medium-Sized Companies and Proprietors

	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Outstanding amount		344,878			115,901			228,977
% to total domestic loans		23.06	%		7.87	%		15.18	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BK Consolidated excl. KS, BDI


	(in millions of yen)
	As of March 31, 2026 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Americas		16,577,819		2,110,200			14,467,618
United States		14,216,009		1,766,375			12,449,634
Canada		845,817		67,214			778,602
Brazil		633,669		218,214			415,455
Mexico		312,428		(804	)		313,232
Others		569,894		59,201			510,693
Asia/Oceania		13,076,483		1,525,376			11,551,107
Australia		2,193,488		280,340			1,913,147
Singapore		2,069,984		661,659			1,408,325
India		1,943,622		343,477			1,600,144
Hong Kong		1,657,526		(85,128	)		1,742,655
China		1,132,446		(259	)		1,132,705
Indonesia		1,079,523		77,988			1,001,535
Malaysia		734,252		13,310			720,942
Philippines		516,202		170,470			345,731
Taiwan		478,712		16,820			461,892
Korea		447,195		(41,016	)		488,211
New Zealand		424,901		25,919			398,982
Others		398,626		61,794			336,832
EMEA		11,719,128		2,644,817			9,074,311
United Kingdom		2,553,534		319,013			2,234,521
Netherlands		1,318,597		105,886			1,212,711
Luxembourg		1,082,379		520,948			561,431
Germany		907,250		131,790			775,460
France		633,871		71,584			562,286
Ireland		504,996		29,078			475,917
Qatar		385,864		218,328			167,535
Italy		340,080		69,289			270,791
Switzerland		317,090		87,576			229,513
Saudi Arabia		297,484		97,800			199,684
Turkey		250,497		47,106			203,390
Belgium		248,508		69,775			178,732
Spain		235,936		52,892			183,043
United Arab Emirates		175,089		33,313			141,775
Sweden		112,418		49,161			63,256
Guernsey		103,270		29,074			74,195
Norway		87,512		34,727			52,784
Others		2,164,744		677,468			1,487,275

Total		41,373,431		6,280,394			35,093,037

KS and BDI have the following loan balances in the consolidated financial statements.

(in millions of yen)

As of
March 31, 2026
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2025
(B)

7,206,731

776,429

6,430,302

BDI

1,777,727

163,628

1,614,099

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BK and TB Combined

(in millions of yen)

As of
March 31, 2026
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2025
(B)

Deposits (ending balance)

226,147,759

10,177,079

215,970,679

Deposits (average balance)

220,069,126

4,924,558

215,144,567

Loans (ending balance)

121,387,762

11,305,498

110,082,264

Loans (average balance)

116,772,107

6,061,389

110,710,718

BK Non-consolidated

(in millions of yen)

As of
March 31, 2026
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2025
(B)

Deposits (ending balance)

212,081,936

9,369,136

202,712,799

Deposits (average balance)

205,531,451

4,231,054

201,300,396

Loans (ending balance)

118,578,783

10,836,192

107,742,591

Loans (average balance)

114,035,930

5,521,560

108,514,370

TB Non-consolidated

(in millions of yen)

As of
March 31, 2026
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2025
(B)

Deposits (ending balance)

14,065,823

807,942

13,257,880

Deposits (average balance)

14,537,674

693,503

13,844,171

Loans (ending balance)

2,808,978

469,306

2,339,672

Loans (average balance)

2,736,176

539,828

2,196,348

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BK and TB Combined

(in millions of yen)

As of
March 31, 2026
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2025
(B)

Individuals

94,216,228

597,405

93,618,823

Corporations and others

91,056,219

4,820,699

86,235,520

Domestic deposits

185,272,448

5,418,104

179,854,343

Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

BK Non-consolidated

(in millions of yen)

As of
March 31, 2026
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2025
(B)

Individuals

87,731,542

153,412

87,578,130

Corporations and others

86,233,265

4,560,893

81,672,372

Domestic deposits

173,964,807

4,714,305

169,250,502

Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

TB Non-consolidated

(in millions of yen)

As of
March 31, 2026
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2025
(B)

Individuals

6,484,686

443,993

6,040,693

Corporations and others

4,822,954

259,805

4,563,148

Domestic deposits

11,307,640

703,799

10,603,841

Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

Mitsubishi UFJ Financial Group, Inc.

14. Status of Deferred Tax Assets

BK Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets


	(in billions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Deferred tax assets		1,309.4			267.5			1,041.9
Allowance for credit losses		209.7			(1.1	)		210.9
Write-down on investment securities		388.4			15.4			373.0
Unrealized losses on Available-for-sale securities		0.7			(0.4	)		1.2
Reserve for retirement benefits		56.5			(11.5	)		68.0
Reserve for contingent losses		18.2			(1.1	)		19.3
Depreciation and Impairment losses		74.9			(1.8	)		76.7
Devaluation on land upon merger		19.8			(0.4	)		20.2
Net deferred losses on hedging instruments		642.7			205.3			437.4
Losses on management of employees’ retirement benefits trust		11.1			11.1			—
Other		292.7			63.0			229.7
Valuation allowance		(405.7	)		(10.9	)		(394.8	)
Deferred tax liabilities		806.4			38.9			767.4
Unrealized gains on Available-for-sale securities		666.5			119.8			546.7
Revaluation gains on securities upon merger		34.5			(3.1	)		37.7
Gains on securities contributed to employees’ retirement benefits trust		29.4			(12.3	)		41.8
Gains on management of employees’ retirement benefits trust		—			(62.4	)		62.4
Other		75.9			(2.8	)		78.7
Net deferred tax assets		502.9			228.5			274.4

(2) Net operating profits before provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2020			FY2021			FY2022			FY2023			FY2024			FY2025
Net operating profits before provision for general allowance for credit losses		388.0			374.4			690.4			974.6			521.7			1,212.0
Total credit costs		(223.3	)		(234.0	)		(98.5	)		(250.2	)		237.3			(34.5	)
Income before income taxes		205.5			286.1			1,239.5			994.7			1,276.6			1,573.8
Reconciliation to taxable income		98.5			343.3			(453.8	)		(50.5	)		(446.8	)		350.8
Taxable income		304.1			629.5			785.7			944.2			829.7			1,924.7

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets


	(in billions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Deferred tax assets		105.1			17.5			87.6
Gains on securities related to employees’ retirement benefits trust		80.4			18.3			62.0
Depreciation and Impairment losses		14.0			(0.9	)		15.0
Write-down on investment securities		9.2			0.5			8.6
Group tax sharing transactions		3.1			(4.4	)		7.5
Reserve for contingent losses		0.9			(0.5	)		1.5
Other		24.6			4.5			20.0
Valuation allowance		(27.3	)		0.0			(27.3	)
Deferred tax liabilities		273.0			29.2			243.7
Reserve for retirement benefits		157.5			20.3			137.1
Unrealized gains on Available-for-sale securities		101.2			28.8			72.3
Net deferred gains on hedging instruments		7.1			(15.3	)		22.4
Other		7.1			(4.5	)		11.6
Net deferred tax assets		(167.8	)		(11.7	)		(156.0	)

(2) Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2020			FY2021			FY2022			FY2023			FY2024			FY2025
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		132.3			176.4			109.1			70.4			70.0			153.3
Total credit costs		0.0			0.1			(0.2	)		(0.1	)		0.2			(0.9	)
Income before income taxes		129.4			210.6			165.7			75.1			199.8			259.4
Reconciliation to taxable income		(26.5	)		(37.4	)		(46.1	)		(15.2	)		(81.5	)		(24.4	)
Taxable income		102.9			173.1			119.6			59.8			118.3			234.9

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

Mitsubishi UFJ Financial Group, Inc.

15. Retirement Benefits

MUFG Consolidated

(1) Benefit obligation


	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Projected benefit obligation (reserve type) (A)		1,355,600			(83,820	)		1,439,420
Projected benefit obligation (non-reserve type) (B)		85,803			2,526			83,276
Fair value of plan assets (C)		3,980,443			344,829			3,635,614
Net amount recorded on the Consolidated Balance Sheet (A) + (B) - (C)		(2,539,039	)		(426,122	)		(2,112,916	)
Net defined benefit liability		107,274			2,662			104,612
Net defined benefit asset		(2,646,314	)		(428,784	)		(2,217,529	)

(2) Net periodic cost of retirement benefits


	(in millions of yen)
	For the fiscal year ended March 31, 2026 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2025 (B)
Net periodic cost of retirement benefits regarding defined benefit pension plans		(114,805	)		(13,878	)		(100,926	)
Service cost		42,113			(5,809	)		47,922
Interest cost		40,808			6,917			33,890
Expected return on plan assets		(112,497	)		(4,011	)		(108,485	)
Amortization of unrecognized prior service cost		(4,196	)		(3,493	)		(703	)
Amortization of unrecognized net actuarial loss		(94,347	)		(8,777	)		(85,570	)
Other		13,314			1,295			12,019

(3) Assumptions used in calculation of projected benefit obligation


	As of March 31, 2026
Discount rates		Domestic consolidated subsidiaries	0.70%~3.49%
		Overseas consolidated subsidiaries	1.22%~11.77%
Expected return		Domestic consolidated subsidiaries	1.64%~4.30%
		Overseas consolidated subsidiaries	1.90%~11.77%

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Benefit obligation


	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Projected benefit obligation (A)		1,034,730			(48,554	)		1,083,285
Discount rates		(2.9% ~ 3.4%)						(2.3% ~ 2.6%)
Fair value of plan assets (B)		2,680,575			141,058			2,539,516
Prepaid pension cost (C)		945,905			114,123			831,781
Reserve for retirement benefits (D)		17,825			916			16,909
Total amount unrecognized (A) - (B) + (C) - (D)		(717,764	)		(76,405	)		(641,359	)
Unrecognized net actuarial loss		(717,798	)		(76,472	)		(641,326	)
Unrecognized prior service cost		33			66			(33	)
(2) Net periodic cost
	(in millions of yen)
	For the fiscal year ended March 31, 2026 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2025 (B)
Net periodic cost of retirement benefits		(68,088	)		(10,052	)		(58,035	)
Service cost		25,143			(4,491	)		29,634
Interest cost		30,051			5,270			24,780
Expected return on plan assets		(67,524	)		(1,719	)		(65,804	)
Amortization of unrecognized prior service cost		(73	)		94			(168	)
Amortization of unrecognized net actuarial loss		(76,422	)		(9,714	)		(66,708	)
Other		20,736			508			20,228

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Benefit obligation


	(in millions of yen)
	As of March 31, 2026 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Projected benefit obligation (A)		222,379			(28,570	)		250,949
Discount rates		(2.9% ~ 3.3%)						(2.1% ~ 2.4%)
Fair value of plan assets (B)		1,142,521			193,912			948,609
Prepaid pension cost (C)		618,763			63,297			555,465
Reserve for retirement benefits (D)		—			—			—
Total amount unrecognized (A) - (B) + (C) - (D)		(301,379	)		(159,184	)		(142,194	)
Unrecognized net actuarial loss		(302,051	)		(158,963	)		(143,088	)
Unrecognized prior service cost		672			(221	)		893
(2) Net periodic cost
	(in millions of yen)
	For the fiscal year ended March 31, 2026 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2025 (B)
Net periodic cost of retirement benefits		(45,641	)		(56	)		(45,584	)
Service cost		3,691			(677	)		4,368
Interest cost		5,780			1,301			4,478
Expected return on plan assets		(41,122	)		(2,266	)		(38,856	)
Amortization of unrecognized prior service cost		221			—			221
Amortization of unrecognized net actuarial loss		(15,144	)		1,265			(16,410	)
Other		932			318			613

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Financial Statements

BK Non-consolidated

(1) Non-consolidated Balance Sheets (selected items)


(in millions of yen)	As of March 31, 2025			As of March 31, 2026
Assets:
Cash and due from banks		89,553,911			75,223,582
Call loans		1,489,909			1,454,708
Receivables under resale agreements		3,031,388			3,066,922
Monetary claims bought		4,248,428			4,609,901
Trading assets		5,602,554			6,406,681
Money held in trust		32,798			33,025
Securities		69,147,025			66,295,652
Loans and bills discounted		107,742,591			118,578,783
Foreign exchanges		1,374,506			1,684,522
Other assets		10,785,183			19,346,699
Tangible fixed assets		676,397			697,327
Intangible fixed assets		509,097			570,436
Prepaid pension costs		831,781			945,905
Deferred tax assets		274,421			502,995
Customers’ liabilities for acceptances and guarantees		9,597,403			10,909,802
Allowance for credit losses		(530,929	)		(494,593	)

Total assets		304,366,471			309,832,353

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2025			As of March 31, 2026
Liabilities:
Deposits		202,712,799			212,081,936
Negotiable certificates of deposit		11,625,450			12,493,932
Call money		730,676			717,397
Payables under repurchase agreements		21,795,415			16,690,633
Commercial papers		3,062,422			2,944,594
Trading liabilities		3,011,694			4,611,078
Borrowed money		29,946,265			18,611,668
Foreign exchanges		2,592,757			2,821,388
Bonds payable		1,109,130			1,145,878
Other liabilities		8,785,154			17,129,597
Reserve for bonuses		92,495			107,368
Reserve for bonuses to directors		267			276
Reserve for stocks payment		4,423			5,752
Reserve for retirement benefits		16,909			17,825
Reserve for contingent losses		62,378			57,886
Reserves under special laws		0			0
Deferred tax liabilities for land revaluation		81,148			80,100
Acceptances and guarantees		9,597,403			10,909,802

Total liabilities		295,226,792			300,427,120

Net assets:
Capital stock		1,711,958			1,711,958
Capital surplus		3,878,275			4,131,170
Capital reserve		1,711,958			1,711,958
Other capital surplus		2,166,317			2,419,212
Retained earnings		3,710,103			3,912,411
Revenue reserve		190,044			190,044
Other retained earnings		3,520,059			3,722,366
Funds for retirement benefits		2,432			2,432
Reserve for investment promotion taxation		852			1,020
Other reserve		718,196			718,196
Earned surplus brought forward		2,798,577			3,000,717
Treasury stock		(645,700	)		(645,700	)

Total shareholders’ equity		8,654,637			9,109,839

Net unrealized gains (losses) on available-for-sale securities		1,277,153			1,536,654
Net deferred gains (losses) on hedging instruments		(948,300	)		(1,395,174	)
Land revaluation excess		156,189			153,912

Total valuation and translation adjustments		485,042			295,393

Total net assets		9,139,679			9,405,233

Total liabilities and net assets		304,366,471			309,832,353

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(2) Non-consolidated Statements of Income (selected items)


(in millions of yen)	For the fiscal year ended March 31, 2025		For the fiscal year ended March 31, 2026
Ordinary income		7,364,065		7,765,892
Interest income		5,179,269		5,687,918
Interest on loans and bills discounted		3,005,753		3,099,623
Interest and dividends on securities		1,175,747		1,290,661
Fees and commissions		870,242		1,033,029
Trading income		101,651		159,725
Other operating income		399,562		351,809
Other ordinary income		813,339		533,409
Ordinary expenses		6,156,555		6,157,988
Interest expenses		3,599,035		3,969,750
Interest on deposits		1,727,362		1,756,596
Fees and commissions		161,746		168,113
Trading expenses		3,910		4,610
Other operating expenses		909,207		318,857
General and administrative expenses		1,308,243		1,495,046
Other ordinary expenses		174,412		201,610

Ordinary profits		1,207,510		1,607,904

Extraordinary gains		80,403		37,036
Extraordinary losses		11,289		71,102

Income before income taxes		1,276,624		1,573,837

Income taxes - current		183,469		583,814
Income taxes - deferred		133,977		(145,246	)

Total taxes		317,446		438,567

Net income		959,178		1,135,269

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non-consolidated Balance Sheets (selected items)


(in millions of yen)	As of March 31, 2025			As of March 31, 2026
Assets:
Cash and due from banks		13,562,026			11,767,855
Call loans		730,000			969,587
Receivables under resale agreements		84,905			113,680
Receivables under securities borrowing transactions		130,708			105,821
Monetary claims bought		15			15
Trading assets		88,909			220,878
Money held in trust		13,864			17,577
Securities		14,518,485			16,138,736
Loans and bills discounted		2,339,672			2,808,978
Foreign exchanges		175,657			204,717
Other assets		1,344,091			2,265,885
Tangible fixed assets		112,161			113,789
Intangible fixed assets		88,450			103,992
Prepaid pension costs		555,465			618,763
Customers’ liabilities for acceptances and guarantees		44,005			57,508
Allowance for credit losses		(932	)		(1,798	)

Total assets		33,787,488			35,505,990

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2025			As of March 31, 2026
Liabilities:
Deposits		13,257,880			14,065,823
Negotiable certificates of deposit		5,746,397			5,070,148
Call money		2,038,024			2,317,743
Payables under repurchase agreements		5,464,023			6,132,752
Commercial papers		133,307			286,478
Trading liabilities		278,494			525,378
Borrowed money		1,578,850			1,703,684
Foreign exchanges		543,047			378,952
Short-term bonds payable		199,766			199,728
Bonds payable		30,000			10,000
Due to trust accounts		1,565,953			1,495,989
Other liabilities		689,059			966,766
Reserve for bonuses		6,081			6,541
Reserve for bonuses to directors		176			163
Reserve for stocks payment		3,556			3,923
Reserve for contingent losses		5,092			3,135
Deferred tax liabilities		156,082			167,841
Deferred tax liabilities for land revaluation		3,755			3,669
Acceptances and guarantees		44,005			57,508

Total liabilities		31,743,556			33,396,230

Net assets:
Capital stock		324,279			324,279
Capital surplus		455,970			455,970
Capital reserve		250,619			250,619
Other capital surplus		205,351			205,351
Retained earnings		1,352,802			1,374,163
Revenue reserve		73,714			73,714
Other retained earnings		1,279,088			1,300,449
Funds for retirement benefits		710			710
Reserve for investment promotion taxation		281			281
Other reserve		138,495			138,495
Earned surplus brought forward		1,139,601			1,160,962
Treasury stock		(299,999	)		(299,999	)

Total shareholders’ equity		1,833,051			1,854,413

Net unrealized gains (losses) on available-for-sale securities		179,477			239,976
Net deferred gains (losses) on hedging instruments		31,040			15,195
Land revaluation excess		362			174

Total valuation and translation adjustments		210,879			255,346

Total net assets		2,043,931			2,109,760

Total liabilities and net assets		33,787,488			35,505,990

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(2) Non-consolidated Statements of Income (selected items)


(in millions of yen)	For the fiscal year ended March 31, 2025		For the fiscal year ended March 31, 2026
Ordinary income		1,542,316		1,585,994
Trust fees		126,186		143,432
Interest income		997,567		987,167
Interest on loans and bills discounted		91,803		108,626
Interest and dividends on securities		685,304		614,658
Fees and commissions		177,673		194,049
Trading income		30		0
Other operating income		92,267		150,271
Other ordinary income		148,590		111,073
Ordinary expenses		1,317,351		1,321,049
Interest expenses		821,011		791,623
Interest on deposits		124,346		156,915
Fees and commissions		58,346		68,369
Trading expenses		48,149		119,509
Other operating expenses		190,288		121,291
General and administrative expenses		190,497		207,025
Other ordinary expenses		9,057		13,229

Ordinary profits		224,965		264,945

Extraordinary gains		2,390		0
Extraordinary losses		27,503		5,503

Income before income taxes		199,852		259,442

Income taxes - current		39,902		72,792
Income taxes - deferred		5,713		(1,887	)

Total taxes		45,616		70,904

Net income		154,236		188,537

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(3) Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship


(in millions of yen)	As of March 31, 2025		As of March 31, 2026
Assets:
Loans and bills discounted		1,507,955		1,495,493
Securities		82,297,398		91,704,429
Beneficiary rights to the trust		171,790,489		193,183,132
Securities held in custody accounts		3,182,746		3,234,031
Monetary claims		37,473,051		37,833,580
Tangible fixed assets		24,848,502		27,877,699
Intangible fixed assets		229,603		328,134
Other claims		4,279,871		3,943,856
Call loans		5,651,749		7,350,651
Due from banking account		4,244,900		2,808,353
Cash and due from banks		6,403,878		7,005,048

Total		341,910,148		376,764,411

Liabilities:
Money trusts		39,222,424		40,191,177
Pension trusts		13,366,896		13,894,088
Property formation benefit trusts		5,228		4,990
Investment trusts		170,479,519		191,654,775
Money entrusted other than money trusts		7,388,623		8,863,362
Securities trusts		5,392,692		4,143,865
Monetary claim trusts		32,124,384		33,553,151
Equipment trusts		412,714		1,149,948
Land and fixtures trusts		18,442		18,681
Composite trusts		73,499,220		83,290,369

Total		341,910,148		376,764,411


Note:	1.	The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.
	2.	Trust assets and liabilities under a declaration of trust excluded from above table are 32,651 millions of yen as of March 31, 2025 and 52,080 millions of yen as of March 31, 2026.

Detailed information for “Money trust” with contracts indemnifying the principal amounts (including trusts for which beneficiary interests are re-entrusted)


(in millions of yen)	As of March 31, 2025		As of March 31, 2026
Assets:
Loans and bills discounted		2,468		1,957
Other		1,713,079		1,598,074

Total		1,715,548		1,600,032

Liabilities:
Principal		1,715,116		1,599,365
Allowance for bad debts		7		5
Other		424		661

Total		1,715,548		1,600,032

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(4) Major Items


(in millions of yen)	As of March 31, 2025		As of March 31, 2026
Total funds		71,598,827		73,226,228

Deposits		13,257,880		14,065,823
Negotiable certificates of deposit		5,746,397		5,070,148
Money trusts		39,222,424		40,191,177
Pension trusts		13,366,896		13,894,088
Property formation benefit trusts		5,228		4,990

Loans and bills discounted		3,847,628		4,304,471

Banking account		2,339,672		2,808,978
Trust account		1,507,955		1,495,493

Investment securities		96,815,884		107,843,166


Note:		The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.

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SEC Form 6-K filed by Mitsubishi UFJ Financial Group Inc.

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