MITSUBISHI UFJ FINANCIAL GROUP INC

For the period ended Mar 31, 2026. Filed Jul 6, 2026.

About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2026 · Filed Jul 6, 2026

MUFG$20.97-0.8%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Selected Statistical Data A-1

SELECTED STATISTICAL DATA

Due to close integration of our foreign and domestic activities, it is difficult to make a precise determination of the assets, liabilities, income and expenses of our foreign operations. The foreign operations as presented include the business conducted by overseas subsidiaries and branches, and the international business principally conducted by the international banking-related divisions headquartered in Japan. Our management believes that the results appropriately represent our domestic and foreign activities.

I. Distribution of Assets, Liabilities and Equity; Interest Rates and Interest Differential

Average Balance Sheets, Interest and Average Rates

The following table shows our average balances, interest and average interest rates for the fiscal years ended March 31, 2024, 2025 and 2026. Average balances are generally based on a daily average while a month-end average is used for certain average balances when it is not practicable to obtain applicable daily averages.

	Fiscal years ended March 31,
2024 · 2025 · 2026
Averagebalance · Interestincome · Average rate · Averagebalance · Interestincome · Average rate · Averagebalance · Interestincome · Average rate
(in millions, except percentages)
Assets:
Interest-earning assets:
Interest-earning deposits in other banks:
Domestic	¥37,958,267	¥41,525	0.11%		¥90,964,345	¥223,695		0.25%	¥77,130,208	¥433,177	0.56%
Foreign	13,640,358	670,938	4.92		11,400,477	564,772		4.95	15,355,062	641,319	4.18
Total	51,598,625	712,463	1.38		102,364,822	788,467		0.77	92,485,270	1,074,496	1.16
Call loans and funds sold:
Domestic	2,009,892	2,342	0.12		792,736	6,182		0.78	1,092,530	9,853	0.90
Foreign	702,269	29,480	4.20		844,228	29,107		3.45	835,559	22,382	2.68
Total	2,712,161	31,822	1.17		1,636,964	35,289		2.16	1,928,089	32,235	1.67
Receivables under resale agreements:
Domestic	6,390,414	(13,660)	(0.21)		6,240,796	(4,491)		(0.07)	4,799,832	8,540	0.18
Foreign	9,342,641	417,024	4.46		12,095,700	738,030		6.10	10,691,543	514,164	4.81
Total	15,733,055	403,364	2.56		18,336,496	733,539		4.00	15,491,375	522,704	3.37
Receivables under securities borrowing transactions:
Domestic	2,169,748	27,039	1.25		2,318,381	34,039		1.47	2,479,817	39,274	1.58
Foreign	2,033,934	96,316	4.74		2,530,390	123,848		4.89	2,405,273	108,391	4.51
Total	4,203,682	123,355	2.93		4,848,771	157,887		3.26	4,885,090	147,665	3.02
Trading account assets:
Domestic	12,257,370	59,742	0.49		11,013,332	64,661		0.59	10,827,177	85,305	0.79
Foreign	21,977,874	742,737	3.38		27,529,123	1,068,900		3.88	31,405,373	1,283,469	4.09
Total	34,235,244	802,479	2.34		38,542,455	1,133,561		2.94	42,232,550	1,368,774	3.24
Investment securities(1):
Domestic	48,966,375	175,044	0.36		43,822,266	258,977		0.59	40,750,285	358,735	0.88
Foreign	12,584,955	545,807	4.34		12,791,656	561,328		4.39	13,212,480	540,018	4.09
Total	61,551,330	720,851	1.17		56,613,922	820,305		1.45	53,962,765	898,753	1.67
Loans(2):
Domestic	68,605,472	917,073	1.34		73,270,847	975,760		1.33	74,686,376	1,187,850	1.59
Foreign	55,244,861	3,445,913	6.24		57,387,038	3,620,766		6.31	60,044,057	3,381,388	5.63
Total	123,850,333	4,362,986	3.52		130,657,885	4,596,526		3.52	134,730,433	4,569,238	3.39
Total interest-earning assets:
Domestic	178,357,538	1,209,105	0.68		228,422,703	1,558,823		0.68	211,766,225	2,122,734	1.00
Foreign	115,526,892	5,948,215	5.15		124,578,612	6,706,751		5.38	133,949,347	6,491,131	4.85
Total	293,884,430	7,157,320	2.44		353,001,315	8,265,574		2.34	345,715,572	8,613,865	2.49
Non-interest-earning assets:
Cash and due from banks	54,549,216			4,717,806			5,423,150
Other non-interest-earningassets	56,163,622			59,585,183			85,417,226
Allowance for credit losses	(1,289,284)			(1,362,890)			(1,210,200)
Total non-interest-earning assets	109,423,554			62,940,099			89,630,176
Total assets	¥403,307,984			¥415,941,414			¥435,345,748

Notes:

(1)Tax-exempt income of tax-exempt investment securities has not been calculated on a tax equivalent basis because the effect of such calculation would not be material.

(2)Average balances on loans outstanding include all nonaccrual loans and loans modified into troubled debt restructurings. The amortized portion of net loan origination fees (costs) is included in interest income on loans, which accounts for an immaterial amount of an adjustment to the yields.

	Fiscal years ended March 31,
2024 · 2025 · 2026
Averagebalance · Interestexpense · Average rate · Averagebalance · Interestexpense · Average rate · Averagebalance · Interestexpense · Averagerate
(in millions, except percentages)
Liabilities and equity:
Interest-bearing liabilities:
Deposits:
Domestic	¥148,636,503		¥243,534			0.16%		¥148,855,516			¥364,637			0.24%	¥152,824,657	¥570,263	0.37%
Foreign	56,339,818		2,286,656			4.06		62,746,524			2,473,964			3.94	64,068,081	2,045,989	3.19
Total	204,976,321		2,530,190			1.23		211,602,040			2,838,601			1.34	216,892,738	2,616,252	1.21
Call money and funds purchased:
Domestic	3,201,180		(70)			—		4,517,953			10,433			0.23	4,943,804	28,084	0.57
Foreign	28,351		2,366			8.35		66,601			4,373			6.57	133,671	5,582	4.18
Total	3,229,531		2,296			0.07		4,584,554			14,806			0.32	5,077,475	33,666	0.66
Payables under repurchase agreements:
Domestic	19,048,334		525,262			2.76		19,741,256			477,453			2.42	21,511,205	576,356	2.68
Foreign	12,026,672		545,556			4.54		15,826,812			883,346			5.58	15,207,792	693,568	4.56
Total	31,075,006		1,070,818			3.45		35,568,068			1,360,799			3.83	36,718,997	1,269,924	3.46
Payables under securities lending transactions:
Domestic	771,495		1,698			0.22		435,271			1,839			0.42	853,615	5,889	0.69
Foreign	83,230		5,698			6.85		52,982			8,779			16.57	26,625	4,210	15.81
Total	854,725		7,396			0.87		488,253			10,618			2.17	880,240	10,099	1.15
Commercial paper:
Domestic	1,324,375		287			0.02		1,285,129			4,130			0.32	1,337,758	8,445	0.63
Foreign	5,700,860		312,229			5.48		6,331,140			315,132			4.98	6,941,103	294,068	4.24
Total	7,025,235		312,516			4.45		7,616,269			319,262			4.19	8,278,861	302,513	3.65
Due to trust account, other short-term borrowings and trading account liabilities:
Domestic	11,608,055		45,169			0.39		18,465,565			79,847			0.43	16,888,165	108,420	0.64
Foreign	3,197,341		46,558			1.46		2,879,405			49,818			1.73	2,106,543	75,196	3.57
Total	14,805,396		91,727			0.62		21,344,970			129,665			0.61	18,994,708	183,616	0.97
Long-term debt:
Domestic	37,478,426		459,134			1.23		27,363,764			441,465			1.61	18,988,240	451,056	2.38
Foreign	1,598,846		58,320			3.65		1,633,802			62,161			3.80	1,570,863	62,485	3.98
Total	39,077,272		517,454			1.32		28,997,566			503,626			1.74	20,559,103	513,541	2.50
Total interest-bearing liabilities:
Domestic	222,068,368		1,275,014			0.57		220,664,454			1,379,804			0.63	217,347,444	1,748,513	0.80
Foreign	78,975,118		3,257,383			4.12		89,537,266			3,797,573			4.24	90,054,678	3,181,098	3.53
Total	301,043,486		4,532,397			1.51		310,201,720			5,177,377			1.67	307,402,122	4,929,611	1.60
Non-interest-bearing liabilities	82,912,925						85,809,824						107,654,328
Total equity	19,351,573						19,929,870						20,289,298
Total liabilities and equity	¥403,307,984						¥415,941,414						¥435,345,748
Net interest income and interest rate spread		¥2,624,923			0.93%				¥3,088,197			0.67%			¥3,684,254	0.89%
Net interest income as a percentage of total interest-earning assets				0.89%						0.87%					1.07%

The percentage of total average assets attributable to foreign activities was 35.2%, 36.8% and 38.9% respectively, for the fiscal years ended March 31, 2024, 2025 and 2026.

The percentage of total average liabilities attributable to foreign activities was 31.6%, 32.4% and 34.1%, respectively, for the fiscal years ended March 31, 2024, 2025 and 2026.

Analysis of Net Interest Income

The following table shows changes in our net interest income by changes in volume and by changes in interest rate for the fiscal year ended March 31, 2025 compared to the fiscal year ended March 31, 2024, and the fiscal year ended March 31, 2026 compared to the fiscal year ended March 31, 2025.

Fiscal year ended March 31, 2024versusfiscal year ended March 31, 2025 · Fiscal year ended March 31, 2025versusfiscal year ended March 31, 2026
Increase (decrease)due to changes in · Net change · Increase (decrease)due to changes in · Net change
Volume(1) · Rate(1) · Volume(1) · Rate(1)
(in millions)
Interest income:
Interest-earning deposits in other banks:
Domestic	¥96,201	¥85,969	¥182,170	¥(38,646)	¥248,128	¥209,482
Foreign	(110,930)	4,764	(106,166)	174,741	(98,194)	76,547
Total	(14,729)	90,733	76,004	136,095	149,934	286,029
Call loans and funds sold:
Domestic	(2,194)	6,034	3,840	2,597	1,074	3,671
Foreign	5,394	(5,767)	(373)	(296)	(6,429)	(6,725)
Total	3,200	267	3,467	2,301	(5,355)	(3,054)
Receivables under resale agreements:
Domestic	313	8,856	9,169	812	12,219	13,031
Foreign	142,971	178,035	321,006	(79,251)	(144,615)	(223,866)
Total	143,284	186,891	330,175	(78,439)	(132,396)	(210,835)
Receivables under securities borrowing transactions:
Domestic	1,944	5,056	7,000	2,457	2,778	5,235
Foreign	24,203	3,329	27,532	(5,938)	(9,519)	(15,457)
Total	26,147	8,385	34,532	(3,481)	(6,741)	(10,222)
Trading account assets:
Domestic	(6,474)	11,393	4,919	(1,111)	21,755	20,644
Foreign	205,180	120,983	326,163	156,265	58,304	214,569
Total	198,706	132,376	331,082	155,154	80,059	235,213
Investment securities(2)：
Domestic	(20,053)	103,986	83,933	(19,268)	119,026	99,758
Foreign	9,027	6,494	15,521	18,056	(39,366)	(21,310)
Total	(11,026)	110,480	99,454	(1,212)	79,660	78,448
Loans:
Domestic	62,142	(3,455)	58,687	19,182	192,908	212,090
Foreign	134,806	40,047	174,853	162,217	(401,595)	(239,378)
Total	196,948	36,592	233,540	181,399	(208,687)	(27,288)
Total interest income:
Domestic	131,879	217,839	349,718	(33,977)	597,888	563,911
Foreign	410,651	347,885	758,536	425,794	(641,414)	(215,620)
Total	¥542,530	¥565,724	¥1,108,254	¥391,817	¥(43,526)	¥348,291

Notes:

(2)Tax-exempt income of tax-exempt investment securities has not been calculated on a tax equivalent basis because the effect of such calculation would not be material.

Fiscal year ended March 31, 2024versusfiscal year ended March 31, 2025 · Fiscal year ended March 31, 2025versusfiscal year ended March 31, 2026
Increase (decrease)due to changes in · Net change · Increase (decrease)due to changes in · Net change
Volume(1) · Rate(1) · Volume(1) · Rate(1)
(in millions)
Interest expense:
Deposits:
Domestic	¥360	¥120,743	¥121,103	¥9,970	¥195,656	¥205,626
Foreign	254,093	(66,785)	187,308	51,118	(479,093)	(427,975)
Total	254,453	53,958	308,411	61,088	(283,437)	(222,349)
Call money and funds purchased:
Domestic	(17)	10,520	10,503	1,070	16,581	17,651
Foreign	2,604	(597)	2,007	3,227	(2,018)	1,209
Total	2,587	9,923	12,510	4,297	14,563	18,860
Payables under repurchase agreements:
Domestic	18,571	(66,380)	(47,809)	44,903	54,000	98,903
Foreign	195,352	142,438	337,790	(33,437)	(156,341)	(189,778)
Total	213,923	76,058	289,981	11,466	(102,341)	(90,875)
Payables under securities lending transactions:
Domestic	(959)	1,100	141	2,442	1,608	4,050
Foreign	(2,670)	5,751	3,081	(4,184)	(385)	(4,569)
Total	(3,629)	6,851	3,222	(1,742)	1,223	(519)
Commercial paper:
Domestic	(9)	3,852	3,843	176	4,139	4,315
Foreign	32,795	(29,892)	2,903	28,585	(49,649)	(21,064)
Total	32,786	(26,040)	6,746	28,761	(45,510)	(16,749)
Due to trust account, other short-term borrowings and trading account liabilities:
Domestic	29,182	5,496	34,678	(7,316)	35,889	28,573
Foreign	(4,931)	8,191	3,260	(16,238)	41,616	25,378
Total	24,251	13,687	37,938	(23,554)	77,505	53,951
Long-term debt:
Domestic	(141,972)	124,303	(17,669)	(160,221)	169,812	9,591
Foreign	1,294	2,547	3,841	(2,445)	2,769	324
Total	(140,678)	126,850	(13,828)	(162,666)	172,581	9,915
Total interest expense:
Domestic	(94,844)	199,634	104,790	(108,976)	477,685	368,709
Foreign	478,537	61,653	540,190	26,626	(643,101)	(616,475)
Total	¥383,693	¥261,287	¥644,980	¥(82,350)	¥(165,416)	¥(247,766)
Net interest income:
Domestic	¥226,723	¥18,205	¥244,928	¥74,999	¥120,203	¥195,202
Foreign	(67,886)	286,232	218,346	399,168	1,687	400,855
Total	¥158,837	¥304,437	¥463,274	¥474,167	¥121,890	¥596,057

Note:

II. Investments in Debt Securities

The following table presents the book values, maturities and weighted average yields of Available-for-sale debt securities and Held-to-maturity debt securities at March 31, 2026. Weighted average yields are calculated based on amortized cost, excluding the effect of hedging derivatives. Yields on tax-exempt obligations have not been calculated on a tax equivalent basis because the effect of such calculation would not be material:

	Maturities withinone year		Maturities afterone year butwithin five years		Maturities afterfive years butwithin ten years		Maturities afterten years		Total
	Amount	Yield	Amount	Yield	Amount	Yield	Amount	Yield	Amount	Yield
(in millions, except percentages)
Available-for-sale debt securities:
Japanese national government and Japanese government agency bonds	¥11,459,336	0.27%	¥201,579	0.72%	¥1,778,595	0.80%	¥477,033	0.65%	¥13,916,543	0.36%
Japanese prefectural and municipal bonds	6,998	0.03	138,728	0.11	20,725	0.15	—	—	166,451	0.11
Foreign government and official institution bonds	1,626,887	1.99	1,879,927	3.71	1,065,354	3.97	27,058	6.64	4,599,226	3.18
Corporate bonds	210,459	0.75	602,655	1.61	161,909	1.24	6,237	1.54	981,260	1.36
Residential mortgage-backed securities	259	0.77	5,822	1.10	228,120	1.06	782,821	1.07	1,017,022	1.07
Asset-backed securities	342,777	3.07	1,124,952	3.64	127,336	2.79	5,257	1.65	1,600,322	3.44
Other debt securities	275,430	1.70	78,087	5.99	—	—	—	—	353,517	2.65
Total	¥13,922,146	0.57%	¥4,031,750	3.13%	¥3,382,039	1.88%	¥1,298,406	1.00%	¥22,634,341	1.25%
Held-to-maturity debt securities:
Japanese national government and Japanese government agency bonds	¥2,722,078	0.02%	¥4,582,141	0.11%	¥8,486,529	1.14%	¥799,287	0.64%	¥16,590,035	0.65%
Japanese prefectural and municipal bonds	219,090	0.04	1,166,014	0.29	1,462,224	0.88	—	—	2,847,328	0.57
Corporate bonds	16,381	0.34	227,391	0.78	—	—	—	—	243,772	0.75
Residential mortgage -backed securities	—	—	—	—	—	—	4,488,121	4.74	4,488,121	4.74
Asset-backed securities	—	—	34,104	2.23	157,329	4.96	1,651,872	4.57	1,843,305	4.56
Total	¥2,957,549	0.03%	¥6,009,650	0.18%	¥10,106,082	1.16%	¥6,939,280	4.23%	¥26,012,561	1.62%

III. Loan Portfolio

The following table shows the maturities of our loan portfolio at March 31, 2026:

	Maturity
One year or less · One to five years · Five to 15 years · Over 15 years · Total
(in millions)
Commercial
Domestic	¥31,326,544	¥22,345,769	¥8,931,005		¥1,589,029	¥64,192,347
Foreign	26,808,006	23,353,876	5,130,819		379,664	55,672,365
Residential	658,535	2,422,082	5,080,590		4,681,303	12,842,510
Card	335,315	211,022	11,171		—	557,508
Krungsri	3,432,676	3,782,806	1,751,288		878,007	9,844,777
Other	818,744	993,908	360,268		43,053	2,215,973
Total	¥63,379,820	¥53,109,463	¥21,265,141		¥7,571,056	¥145,325,480
Unearned income, unamortized premiums—net and deferred loan fees—net				(506,256)
Total				¥144,819,224

The above loans due after one year which had predetermined interest rates and floating or adjustable interest rates at March 31, 2026 are shown below:

	Predeterminedrate	Floating or adjustable rate	Total
(in millions)
Commercial
Domestic	¥20,263,286	¥12,602,517	¥32,865,803
Foreign	1,872,163	26,992,196	28,864,359
Residential	1,479,089	10,704,886	12,183,975
Card	222,193	—	222,193
Krungsri	3,561,942	2,850,159	6,412,101
Other	887,562	509,667	1,397,229
Total	¥28,286,235	¥53,659,425	¥81,945,660

IV. Allowance for Credit Losses

The following table shows an allocation of our allowance for credit losses, credit ratios, and components for ratio calculations at March 31, 2025 and 2026:

2025 · 2026
Amount · % of loans ineach categoryto total loans · Amount · % of loans ineach categoryto total loans
(in millions, except percentages)
Commercial
Domestic	¥324,787	46.76%		¥266,354	44.18%
Foreign	286,835	35.06		301,245	38.31
Residential	49,607	9.53		32,776	8.84
Card	40,927	0.38		46,021	0.38
Krungsri	423,857	6.71		477,229	6.77
Other	117,062	1.56		110,715	1.52
Allowance for credit losses Total	¥1,243,075	100.00%		¥1,234,340	100.00%
Loans, net of unearned income, unamortized premiums and deferred loan fees	¥131,438,515		¥144,819,224
Nonaccrual loans	¥996,959		¥944,646
Allowance for credit losses as a percentage of loans	0.95%		0.85%
Nonaccrual loans as a percentage of loans	0.76%		0.65%
Allowance for credit losses as a percentage of Nonaccrual loans	124.69%		130.67%

The following table shows ratio of net charge-offs to average loans outstanding for the fiscal years ended March 31, 2024, 2025 and 2026:

	Fiscal years ended March 31,
	2024			2025			2026
	Netcharge-offs	Averageloansoutstanding	Ratio	Netcharge-offs	Averageloansoutstanding	Ratio	Netcharge-offs	Averageloansoutstanding	Ratio
(in millions, except percentages)
Commercial
Domestic	¥34,267	¥55,649,331	0.06%	¥1,888	¥60,138,504	0.00%	¥17,311	¥61,713,320	0.03%
Foreign	24,037	45,314,415	0.05	40,813	46,846,684	0.09	59,546	48,974,273	0.12
Residential	1,283	12,481,513	0.01	628	12,646,144	0.00	1,005	12,456,366	0.01
Card	20,307	474,628	4.28	21,103	486,199	4.34	24,933	516,690	4.83
Krungsri	147,785	8,326,493	1.77	159,303	8,635,694	1.84	154,660	9,120,459	1.70
Other	21,460	1,603,953	1.34	42,524	1,904,660	2.23	39,059	1,949,325	2.00
Total	¥249,139	¥123,850,333	0.20%	¥266,259	¥130,657,885	0.20%	¥296,514	¥134,730,433	0.22%

V. Deposits

The following table shows the average amount of, and the average rate paid on, the following deposit categories for the fiscal years ended March 31, 2024, 2025 and 2026:

	Fiscal years ended March 31,
2024 · 2025 · 2026
Averageamount · Averagerate · Averageamount · Averagerate · Averageamount · Averagerate
(in millions, except percentages)
Domestic offices:
Non-interest-bearing demand deposits	¥35,736,511	—%		¥35,141,334	—%		¥32,142,228	—%
Interest-bearing demand deposits	107,034,059	0.15		109,200,798	0.22		108,592,162	0.34
Deposits at notice	1,491,428	0.07		1,154,956	0.15		965,590	0.28
Time deposits	37,319,953	0.21		36,574,855	0.33		40,426,253	0.46
Certificates of deposit	2,791,063	0.02		1,924,907	0.16		2,840,652	0.55
Foreign offices:
Non-interest-bearing demand deposits	2,610,110	—		2,655,570	—		2,704,019	—
Interest-bearing deposits, principally time deposits and certificates of deposit	56,339,818	4.06		62,746,524	3.94		64,068,081	3.19
Total	¥243,322,942		¥249,398,944			¥251,738,985

Deposits at notice represent interest-bearing demand deposits which require the depositor to give two or more days notice in advance of withdrawal.

The average amounts of total deposits by foreign depositors included in domestic offices for the fiscal years ended March 31, 2024, 2025 and 2026 were ¥1,313,848 million, ¥1,392,267 million and ¥1,388,274 million, respectively.

At March 31, 2025 and 2026, our uninsured deposits were ¥162,771 billion and ¥175,188 billion, respectively. Our uninsured deposits consist of (1) the portion of deposits in domestic offices that are in excess of the limit stipulated by the Deposit Insurance Act in Japan and (2) deposits that are otherwise uninsured (including for example, uninsured account deposits in domestic offices, uninsured account deposits in foreign offices, or the portion of deposits in foreign offices that are in excess of any country-specific insurance fund limit). Under the Deposit Insurance Act in Japan, the maximum amount of protection is ¥10 million per customer within one bank. The ¥10 million maximum applies to all deposits in domestic offices, except for non-interest bearing deposits, which are non-interest bearing deposits redeemable on demand and maintained by depositors primarily in settlement accounts for payment and settlement purposes. Domestic office's deposits in settlement accounts are fully protected without a maximum amount limitation. Certain types of deposits in domestic offices are not covered by the deposit insurance system, such as foreign currency deposits and negotiable certificates of deposit.

At March 31, 2026, (1) the portion of time deposits in domestic offices that are in excess of the limit stipulated by the Deposit Insurance Act in Japan and (2) time deposits that are otherwise uninsured (including for example, uninsured account time deposits in domestic offices, uninsured account time deposits in foreign offices, or the portion of time deposits in foreign offices that are in excess of any country-specific insurance fund limit), by remaining maturity, are shown in the following table:

	Portion of time deposits in domestic offices that are in excess of the limit stipulated by the Deposit Insurance Act in Japan	Time deposits that are otherwise uninsured	Total
(in millions)
Three months or less	¥10,884,027	¥34,632,225	¥45,516,252
Over three months through six months	5,585,025	9,025,716	14,610,741
Over six months through twelve months	5,160,483	4,355,207	9,515,690
Over twelve months	4,065,941	896,672	4,962,613
Total	¥25,695,476	¥48,909,820	¥74,605,296

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