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

11/14/25 6:01:50 AM ET

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6-K 1 d88231d6k.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 November 2025

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: November 14, 2025


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 six months ended September 30, 2025

November 14, 2025


Company name:	Mitsubishi UFJ Financial Group, Inc.	Stock exchange listings:	Tokyo, Nagoya, New York
Code number:	8306	URL https://www.mufg.jp/english/
Representative:	Hironori Kamezawa, President & Group CEO
For inquiry:	Masahisa Takahashi, Managing Director, Head of Financial Accounting and Reporting,
	Financial Accounting Office, Financial Planning Division
	TEL +81-50-3613-1179


Semi-annual securities report issuing date:	November 28, 2025	Dividend payment date:	December 5, 2025
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 Six Months ended September 30, 2025

(1)	Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income				Ordinary Profits					Profits Attributable to Owners of Parent
	million yen		%		million yen		%			million yen		%
For the six months ended
September 30, 2025		6,893,775		0.5		1,746,675		(0.6	)		1,292,955		2.8
September 30, 2024		6,860,277		21.1		1,756,926		37.3			1,258,195		35.7

(*)	Comprehensive income

September 30, 2025: 1,123,012 million yen, (15.0) % ; September 30, 2024: 1,321,798 million yen, (14.8) %


	Basic earnings per share		Diluted earnings per share
	yen		yen
For the six months ended
September 30, 2025		113.07		112.77
September 30, 2024		107.69		107.57

(2)	Financial Conditions


	Total Assets		Total Net Assets		Equity-to-asset ratio (*)
	million yen		million yen		%
As of
September 30, 2025		404,318,108		22,238,209		5.2
March 31, 2025		413,113,501		21,728,132		5.0

(Reference) Shareholders’ equity as of September 30, 2025: 20,877,762 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

2. Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
For the fiscal year
ended March 31, 2025		—		25.00		—		39.00		64.00
ending March 31, 2026		—		35.00
ending March 31, 2026 (Forecast)						—		39.00		74.00

(*)	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, 2026 (Consolidated)

MUFG has an earning target of 2,100.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2026. (There is a change to our earnings target released on May 15, 2025.)

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:	September 30, 2025	12,067,710,920 shares
	March 31, 2025	12,067,710,920 shares
(B) Treasury stocks:	September 30, 2025	685,710,440 shares
	March 31, 2025	561,193,945 shares
(C) Average outstanding of total stocks:	Six months ended September 30, 2025	11,435,439,515 shares
	Six months ended September 30, 2024	11,683,338,019 shares

* This “Consolidated Summary Report” (Quarterly “Tanshin”) is outside the scope of the external auditor’s interim 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. Consolidated Financial Statements and Notes			2
(1) Consolidated Balance Sheets			2
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			4
(3) Consolidated Statements of Changes in Net Assets			6
(4) Changes in Accounting Estimates			8
(5) Notes on Going-Concern Assumption			8
(6) Additional Information			8

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Six Months Ended September 30, 2025”

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

Internet Conference: November 14, 2025 (Friday)

Explanation for investors and analysts: November 18, 2025 (Tuesday)

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2025			As of September 30, 2025
Assets:
Cash and due from banks		109,095,437			94,089,415
Call loans and bills bought		1,180,949			1,267,390
Receivables under resale agreements		18,856,895			17,177,912
Receivables under securities borrowing transactions		5,701,495			5,781,640
Monetary claims bought		6,620,404			6,938,635
Trading assets		26,142,919			28,153,014
Money held in trust		1,084,487			1,251,660
Securities		86,125,371			85,997,896
Loans and bills discounted		121,436,133			123,258,332
Foreign exchanges		1,913,526			1,967,544
Other assets		17,824,068			20,816,918
Tangible fixed assets		1,240,104			1,343,766
Intangible fixed assets		1,875,551			1,928,358
Net defined benefit assets		2,217,529			2,264,646
Deferred tax assets		148,752			152,710
Customers’ liabilities for acceptances and guarantees		12,864,745			13,068,099
Allowance for credit losses		(1,214,870	)		(1,139,834	)

Total assets		413,113,501			404,318,108

Liabilities:
Deposits		228,512,749			227,256,731
Negotiable certificates of deposit		17,374,010			18,030,425
Call money and bills sold		5,072,926			6,073,385
Payables under repurchase agreements		43,359,076			39,939,775
Payables under securities lending transactions		699,852			1,191,168
Commercial papers		3,475,042			3,309,746
Trading liabilities		19,362,603			22,161,918
Borrowed money		22,101,954			11,646,050
Foreign exchanges		2,508,462			2,229,347
Short-term bonds payable		1,373,236			1,190,249
Bonds payable		14,018,955			15,375,974
Due to trust accounts		4,937,999			3,885,232
Other liabilities		14,563,347			15,587,321
Reserve for bonuses		251,665			174,097
Reserve for bonuses to directors		2,879			1,816
Reserve for stocks payment		11,077			11,178
Net defined benefit liabilities		104,612			107,395
Reserve for retirement benefits to directors		813			834
Reserve for loyalty award credits		7,730			9,402
Reserve for contingent losses		150,657			135,980
Reserves under special laws		5,295			5,623
Deferred tax liabilities		540,770			603,661
Deferred tax liabilities for land revaluation		84,903			84,483
Acceptances and guarantees		12,864,745			13,068,099

Total liabilities		391,385,368			382,079,899

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2025			As of September 30, 2025
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		—			13,965
Retained earnings		14,845,617			15,689,563
Treasury stock		(726,631	)		(975,057	)

Total shareholders’ equity		16,260,498			16,869,984

Net unrealized gains (losses) on available-for-sale securities		1,327,127			1,646,350
Net deferred gains (losses) on hedging instruments		(894,227	)		(1,094,958	)
Land revaluation excess		122,400			121,689
Foreign currency translation adjustments		3,198,279			2,894,526
Remeasurements of defined benefit plans		554,502			522,895
Debt value adjustments of foreign subsidiaries and affiliates		(51,663	)		(86,490	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates		3,457			3,765

Total accumulated other comprehensive income		4,259,875			4,007,777

Subscription rights to shares		11			17
Non-controlling interests		1,207,746			1,360,429

Total net assets		21,728,132			22,238,209

Total liabilities and net assets		413,113,501			404,318,108

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 six months ended September 30, 2024		For the six months ended September 30, 2025
Ordinary income		6,860,277		6,893,775
Interest income		4,357,421		4,183,706
Interest on loans and bills discounted		2,158,474		1,995,915
Interest and dividends on securities		819,014		879,962
Trust fees		70,771		77,536
Fees and commissions		1,117,642		1,212,712
Trading income		227,068		155,895
Other operating income		287,483		490,073
Other ordinary income		799,889		773,850
Ordinary expenses		5,103,351		5,147,099
Interest expenses		2,848,886		2,743,761
Interest on deposits		1,091,459		1,006,646
Fees and commissions		209,638		212,265
Trading expenses		—		85,102
Other operating expenses		90,050		143,086
General and administrative expenses		1,576,576		1,609,869
Other ordinary expenses		378,200		353,013

Ordinary profits		1,756,926		1,746,675

Extraordinary gains		9,549		44,449
Gains on disposition of fixed assets		9,549		6,132
Gains on step acquisitions		—		20,755
Gains on liquidation of subsidiaries		—		17,555
Gains on change in equity		—		5
Extraordinary losses		24,625		20,607
Losses on disposition of fixed assets		4,447		8,080
Losses on impairment of fixed assets		16,868		12,198
Provision for reserve for contingent liabilities from financial instruments transactions		286		328
Provision for reserve for contingent liabilities arising from commodities transactions		—		0
Losses on sales of shares of subsidiaries		3,023		—

Profits before income taxes		1,741,849		1,770,518

Income taxes-current		259,670		364,274
Income taxes-deferred		169,539		42,588

Total taxes		429,210		406,863

Profits		1,312,639		1,363,654

Profits attributable to non-controlling interests		54,444		70,699

Profits attributable to owners of parent		1,258,195		1,292,955

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the six months ended September 30, 2024			For the six months ended September 30, 2025
Profits		1,312,639			1,363,654
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		(210,521	)		313,915
Net deferred gains (losses) on hedging instruments		(151,311	)		(200,410	)
Land revaluation excess		—			12
Foreign currency translation adjustments		529,149			(253,325	)
Remeasurements of defined benefit plans		(23,603	)		(32,576	)
Net unrealized gains (losses) on loans of foreign subsidiaries		2,103			1,976
Share of other comprehensive income of associates accounted for using equity method		(136,657	)		(70,232	)

Total other comprehensive income		9,158			(240,641	)

Comprehensive income		1,321,798			1,123,012

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		1,234,573			1,042,963
Comprehensive income attributable to non-controlling interests		87,224			80,049

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets

For the six months ended September 30, 2024

(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							(240,937	)					(240,937	)
Profits attributable to owners of parent							1,258,195						1,258,195
Repurchase of treasury stock										(118,406	)		(118,406	)
Disposal of treasury stock				0						9,312			9,312
Reversal of land revaluation excess							5,934						5,934
Changes in subsidiaries’ equity				(6,818	)								(6,818	)
Net changes of items other than shareholders’ equity																(178,873	)		(155,456	)
Total changes during the period		—		(6,818	)		1,023,192			(109,093	)		907,280			(178,873	)		(155,456	)

Balance at the end of the period		2,141,513		76,805			14,820,920			(722,917	)		16,316,321			1,355,221			(844,830	)


	Accumulated other comprehensive income
	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																						(240,937	)
Profits attributable to owners of parent																						1,258,195
Repurchase of treasury stock																						(118,406	)
Disposal of treasury stock																						9,312
Reversal of land revaluation excess																						5,934
Changes in subsidiaries’ equity																						(6,818	)
Net changes of items other than shareholders’ equity		(5,934	)		324,923		(23,485	)		7,653			1,616		(29,556	)		5		49,654		20,103
Total changes during the period		(5,934	)		324,923		(23,485	)		7,653			1,616		(29,556	)		5		49,654		927,384

Balance at the end of the period		128,032			3,087,741		483,599			(57,781	)		1,616		4,153,600			6		1,208,657		21,678,586

Mitsubishi UFJ Financial Group, Inc.

For the six months ended September 30, 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		—		14,845,617			(726,631	)		16,260,498			1,327,127		(894,227	)
Changes during the period
Cash dividends						(449,732	)					(449,732	)
Profits attributable to owners of parent						1,292,955						1,292,955
Repurchase of treasury stock									(250,407	)		(250,407	)
Disposal of treasury stock				0					1,981			1,981
Reversal of land revaluation excess						723						723
Changes in subsidiaries’ equity				13,965								13,965
Net changes of items other than shareholders’ equity															319,223		(200,730	)
Total changes during the period		—		13,965		843,945			(248,425	)		609,485			319,223		(200,730	)

Balance at the end of the period		2,141,513		13,965		15,689,563			(975,057	)		16,869,984			1,646,350		(1,094,958	)


	Accumulated other comprehensive income
	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																							(449,732	)
Profits attributable to owners of parent																							1,292,955
Repurchase of treasury stock																							(250,407	)
Disposal of treasury stock																							1,981
Reversal of land revaluation excess																							723
Changes in subsidiaries’ equity																							13,965
Net changes of items other than shareholders’ equity		(711	)		(303,752	)		(31,606	)		(34,827	)		307		(252,097	)		5		152,682		(99,409	)
Total changes during the period		(711	)		(303,752	)		(31,606	)		(34,827	)		307		(252,097	)		5		152,682		510,076

Balance at the end of the period		121,689			2,894,526			522,895			(86,490	)		3,765		4,007,777			17		1,360,429		22,238,209

Mitsubishi UFJ Financial Group, Inc.

(4) 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 as of the end of the six months ended September 30, 2025.

The impact of the resulting changes in accounting estimates on our consolidated financial statements as of and for the six months ended September 30, 2025, is immaterial.

(5) Notes on Going-Concern Assumption

None.

(6) 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.

The Bank, our principal consolidated domestic banking subsidiary, applies the cash flow estimation method when determining allowance for credit losses for loans to substantially bankrupt borrowers and borrowers requiring special attention and caution in cases where it is possible to reasonably estimate the cash flows related to the collection of loan principal and receipt of interest payments. The estimation of such future cash flows is based on a borrower-specific assessment regarding the collectability of loans, including past collection experience, evaluation of the borrower’s restructuring plans, the financial condition and operating results of the borrower, and the economic environment of the industry to which the borrower belongs. In this regard, the estimation of future cash flows may be highly dependent on estimation of borrowers’ future performance and business sustainability. Estimates are subject to a high degree of uncertainly especially when made in connection with assessments regarding the collectability of loans to substantially bankrupt borrowers with respect to which objective information is not reasonably available.

In addition, when calculating allowance for credit losses, the Bank 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 Russia-Ukraine situation and the trade policies of various countries. 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 September 30, 2025 is ¥30,297 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 situations, with respect to which objective data are not readily available.

In particular, future developments concerning the Russia-Ukraine situation and the trade policies of various countries are subject to significant uncertainty. Accordingly, we make certain assumptions, including that the current Russia-Ukraine situation continues for the foreseeable future and that the trade policies of various countries, while being subject to policy and other changes over the short term, will generally be implemented with consideration for economic and price trends. The recorded allowance represents our best estimate made based on such assumptions and in a manner designed to ensure objectivity and rationality.

For the six months ended September 30, 2025, such assumptions remained substantially unchanged because no significant changes were observed subsequent to the previous fiscal year end with respect to the events or circumstances underlying the outlook relating to the Russia-Ukraine situation and developments in the trade policies of various countries. However, these assumptions are highly uncertain, and significant additional provision for credit losses may be recognized for the nine months ended December 31, 2025 and subsequent reporting periods due to these and other factors and circumstances affecting the financial performance of counterparties or the economic environment.

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 30, 2025


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

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

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]	9
	[BK Non-consolidated][TB Non-consolidated]

5. ROE	[MUFG Consolidated]	12

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

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]	14
	[BK Non-consolidated][TB Non-consolidated]
	[TB Non-consolidated : Trust Account]

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

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

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

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

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

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

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

(Reference) 1. Financial Statements	[BK Non-consolidated][TB Non-consolidated]	32

(*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 six months ended						Increase (Decrease) (A) - (B)
	September 30, 2025 (A)			September 30, 2024 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,935,790			2,911,854			23,935
Gross profits before credit costs for trust accounts		2,935,787			2,911,851			23,936
Net interest income		1,440,026			1,508,577			(68,551	)
Trust fees		77,536			70,771			6,765
Credit costs for trust accounts (1)		2			2			(0	)
Net fees and commissions		1,000,446			908,004			92,442
Net trading profits		70,793			227,068			(156,275	)
Net other operating profits		346,987			197,432			149,555
Net gains (losses) on debt securities		2,991			2,386			605
General and administrative expenses		1,648,742			1,606,497			42,245
Amortization of goodwill		19,102			18,388			714
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		1,306,147			1,323,742			(17,594	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		1,287,044			1,305,354			(18,309	)
Provision for general allowance for credit losses (2)		28,981			73,833			(44,852	)
Net operating profits*		1,316,028			1,379,190			(63,162	)
Net non-recurring gains (losses)		430,647			377,735			52,912
Credit costs (3)		(155,322	)		(318,318	)		162,995
Losses on loan write-offs		(97,474	)		(137,920	)		40,446
Provision for specific allowance for credit losses		(54,843	)		(186,816	)		131,973
Other credit costs		(3,005	)		6,418			(9,424	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		3,862			688			3,174
Gains on loans written-off (6)		46,084			58,022			(11,937	)
Net gains (losses) on equity securities		130,240			363,984			(233,744	)
Gains on sales of equity securities		151,067			400,208			(249,140	)
Losses on sales of equity securities		(16,707	)		(20,477	)		3,770
Losses on write-down of equity securities		(4,120	)		(15,745	)		11,625
Equity in earnings of equity method investees		381,931			257,138			124,793
Other non-recurring gains (losses)		23,851			16,219			7,631

Ordinary profits		1,746,675			1,756,926			(10,250	)

Net extraordinary gains (losses)		23,842			(15,076	)		38,918
Net gains (losses) on disposition of fixed assets		(1,947	)		5,102			(7,050	)
Losses on impairment of fixed assets		(12,198	)		(16,868	)		4,670
Gains on step acquisitions		20,755			—			20,755
Gains on liquidation of subsidiaries		17,555			—			17,555
Losses on sales of shares of subsidiaries		—			(3,023	)		3,023
Profits before income taxes		1,770,518			1,741,849			28,668
Income taxes-current		364,274			259,670			104,604
Income taxes-deferred		42,588			169,539			(126,951	)
Total taxes		406,863			429,210			(22,346	)
Profits		1,363,654			1,312,639			51,015
Profits attributable to non-controlling interests		70,699			54,444			16,254

Profits attributable to owners of parent		1,292,955			1,258,195			34,760

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)		(76,391	)		(185,771	)		109,379
Number of consolidated subsidiaries		344			340			4
Number of affiliated companies accounted for under the equity method		51			56			(5	)

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2025 (A)			September 30, 2024 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,669,986			1,563,040			106,945
Gross profits before credit costs for trust accounts		1,669,983			1,563,037			106,946
Domestic gross profits		733,054			752,364			(19,310	)
Net interest income		525,264			483,409			41,855
Trust fees		67,745			61,807			5,938
Credit costs for trust accounts (1)		2			2			(0	)
Net fees and commissions		212,148			186,900			25,248
Net trading profits		(7,974	)		3,297			(11,272	)
Net other operating profits		(64,130	)		16,949			(81,080	)
Net gains (losses) on debt securities		(88,609	)		(1,684	)		(86,924	)
Non-domestic gross profits		936,931			810,675			126,256
Net interest income		398,925			421,752			(22,827	)
Net fees and commissions		227,757			185,630			42,127
Net trading profits		14,658			29,334			(14,675	)
Net other operating profits		295,590			173,958			121,631
Net gains (losses) on debt securities		92,604			6,539			86,065
General and administrative expenses		831,501			757,174			74,327
Personnel expenses		348,289			323,196			25,092
Non-personnel expenses		436,304			393,404			42,900
Taxes		46,907			40,572			6,334
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		838,481			805,863			32,618
Provision for general allowance for credit losses (2)		(5,121	)		(39	)		(5,081	)
Net operating profits		833,362			805,826			27,536
Net non-recurring gains (losses)		245,529			385,879			(140,350	)
Credit costs (3)		(5,607	)		(6,536	)		928
Reversal of allowance for credit losses (4)		78,749			18,486			60,263
Reversal of reserve for contingent losses included in credit costs (5)		4,505			1,104			3,401
Gains on loans written-off (6)		4,714			7,083			(2,368	)
Net gains (losses) on equity securities		128,781			351,128			(222,346	)
Gains on sales of equity securities		147,145			386,979			(239,833	)
Losses on sales of equity securities		(14,091	)		(18,703	)		4,611
Losses on write-down of equity securities		(4,272	)		(17,147	)		12,874
Other non-recurring gains (losses)		34,385			14,613			19,771

Ordinary profits		1,078,891			1,191,705			(112,813	)

Net extraordinary gains (losses)		23,035			(11,065	)		34,100
Net gains (losses) on disposition of fixed assets		(4,398	)		5,194			(9,592	)
Losses on impairment of fixed assets		(5,285	)		(14,599	)		9,313
Gains on liquidation of subsidiaries		20,716			—			20,716
Gains on sales of shares of subsidiaries		11,889			—			11,889
Gains on sales of shares of affiliates		113			—			113
Gains on extinguishment of tie-in shares		—			219			(219	)
Losses on sales of shares of subsidiaries		—			(1,879	)		1,879
Income before income taxes		1,101,926			1,180,640			(78,713	)
Income taxes-current		289,229			191,606			97,622
Income taxes-deferred		12,414			108,829			(96,415	)
Total taxes		301,643			300,436			1,207

Net income		800,283			880,204			(79,921	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		77,243			20,100			57,142
Credit costs for trust accounts		2			2			(0	)
Provision for general allowance for credit losses		30,306			63,469			(33,162	)
Provision for special allowance for credit losses		41,701			(52,249	)		93,951
Allowance for credit to specific foreign borrowers		1,565			7,135			(5,569	)
Losses on loans write-offs		(4,315	)		(5,450	)		1,135
Provision for contingent losses included in credit costs		4,505			1,104			3,401
Gains on loans written-off		4,714			7,083			(2,368	)
Losses on sales of other loans, etc.		(1,238	)		(994	)		(244	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		834,486			801,008			33,477
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		826,136			698,110			128,025

Mitsubishi UFJ Financial Group, Inc.

BK Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2025 (A)			September 30, 2024 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,117,074			2,161,755			(44,681	)
Net interest income		1,263,366			1,345,408			(82,041	)
Net fees and commissions		538,999			494,510			44,489
Net trading profits		105,598			50,875			54,723
Net other operating profits		209,109			270,961			(61,851	)
Net gains (losses) on debt securities		446			(5,454	)		5,900
General and administrative expenses		1,086,432			1,083,435			2,997
Amortization of goodwill		8,456			8,375			81
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		1,039,098			1,086,696			(47,597	)
Net operating profits before provision for general allowance for credit losses		1,030,641			1,078,320			(47,678	)
Provision for general allowance for credit losses (1)		29,029			77,142			(48,113	)
Net operating profits*		1,059,671			1,155,463			(95,792	)
Net non-recurring gains (losses)		145,367			84,334			61,033
Credit costs (2)		(84,356	)		(253,532	)		169,175
Losses on loan write-offs		(45,125	)		(86,201	)		41,075
Provision for specific allowance for credit losses		(36,225	)		(173,748	)		137,522
Other credit costs		(3,005	)		6,416			(9,422	)
Reversal of allowance for credit losses (3)		—			—			—
Reversal of reserve for contingent losses included in credit costs (4)		3,840			354			3,486
Gains on loans written-off (5)		31,984			44,119			(12,135	)
Net gains (losses) on equity securities		100,744			249,263			(148,519	)
Gains on sales of equity securities		121,375			283,500			(162,125	)
Losses on sales of equity securities		(16,649	)		(18,199	)		1,549
Losses on write-down of equity securities		(3,981	)		(16,037	)		12,056
Equity in earnings of equity method investees		62,694			26,261			36,432
Other non-recurring gains (losses)		30,459			17,866			12,592

Ordinary profits		1,205,038			1,239,798			(34,759	)

Net extraordinary gains (losses)		26,035			3,048			22,987
Net gains (losses) on disposition of fixed assets		(3,798	)		5,010			(8,809	)
Losses on impairment of fixed assets		(8,149	)		(1,962	)		(6,186	)
Gains on step acquisitions		20,755			—			20,755
Gains on liquidation of subsidiaries		17,555			—			17,555
Profits before income taxes		1,231,074			1,242,846			(11,772	)
Income taxes-current		311,270			199,625			111,645
Income taxes-deferred		26,821			128,637			(101,815	)
Total taxes		338,091			328,262			9,829
Profits		892,982			914,583			(21,601	)
Profits attributable to non-controlling interests		24,204			26,275			(2,071	)

Profits attributable to owners of parent		868,778			888,308			(19,530	)

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)		(19,501	)		(131,915	)		112,413
Number of consolidated subsidiaries		125			113			12
Number of affiliated companies accounted for under the equity method		41			48			(7	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2025 (A)			September 30, 2024 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,470,062			1,340,843			129,219
Domestic gross profits		563,015			562,881			134
Net interest income		492,587			409,186			83,400
Net fees and commissions		157,206			133,373			23,832
Net trading profits		8,165			3,006			5,158
Net other operating profits		(94,944	)		17,314			(112,258	)
Net gains (losses) on debt securities		(88,271	)		(2,120	)		(86,150	)
Non-domestic gross profits		907,047			777,961			129,085
Net interest income		350,117			398,121			(48,003	)
Net fees and commissions		227,045			185,819			41,225
Net trading profits		33,038			29,189			3,849
Net other operating profits		296,845			164,831			132,014
Net gains (losses) on debt securities		89,980			(1,376	)		91,356
General and administrative expenses		725,013			654,949			70,064
Personnel expenses		314,619			290,379			24,239
Non-personnel expenses		368,065			328,609			39,456
Amortization of goodwill		1,707			1,749			(42	)
Taxes		42,328			35,960			6,368
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		746,756			687,643			59,113
Net operating profits before provision for general allowance for credit losses		745,049			685,893			59,155
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits		745,049			685,893			59,155
Net non-recurring gains (losses)		208,640			273,900			(65,260	)
Credit costs (2)		(5,554	)		(6,446	)		891
Reversal of allowance for credit losses (3)		78,749			18,486			60,263
Reversal of reserve for contingent losses included in credit costs (4)		4,484			770			3,714
Gains on loans written-off (5)		4,712			7,080			(2,368	)
Net gains (losses) on equity securities		100,139			248,770			(148,631	)
Gains on sales of equity securities		116,559			280,187			(163,628	)
Losses on sales of equity securities		(14,026	)		(16,420	)		2,394
Losses on write-down of equity securities		(2,393	)		(14,997	)		12,603
Other non-recurring gains (losses)		26,109			5,240			20,869

Ordinary profits		953,689			959,794			(6,105	)

Net extraordinary gains (losses)		27,308			4,202			23,105
Net gains (losses) on disposition of fixed assets		(3,885	)		5,059			(8,944	)
Losses on impairment of fixed assets		(1,524	)		(1,075	)		(449	)
Gains on liquidation of subsidiaries		20,716			—			20,716
Gains on sales of shares of subsidiaries		11,889			—			11,889
Gains on sales of shares of affiliates		113			—			113
Gains on extinguishment of tie-in shares		—			219			(219	)
Income before income taxes		980,998			963,997			17,000
Income taxes-current		263,570			155,314			108,256
Income taxes-deferred		6,209			93,929			(87,720	)
Total taxes		269,779			249,243			20,536

Net income		711,218			714,753			(3,535	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		82,392			19,890			62,501
Provision for general allowance for credit losses		35,428			63,509			(28,081	)
Provision for special allowance for credit losses		41,755			(52,158	)		93,913
Allowance for credit to specific foreign borrowers		1,565			7,135			(5,569	)
Losses on loans write-off		(4,315	)		(5,450	)		1,135
Provision for contingent losses included in credit costs		4,484			770			3,714
Gains on loans written-off		4,712			7,080			(2,368	)
Losses on sales of other loans, etc.		(1,238	)		(995	)		(243	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities		743,340			689,391			53,949
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		743,044			604,765			138,278

Mitsubishi UFJ Financial Group, Inc.

TB Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2025 (A)			September 30, 2024 (B)			Increase (Decrease) (A) - (B)
Gross profits		378,316			320,526			57,789
Gross profits before credit costs for trust accounts		378,313			320,524			57,789
Trust fees		77,701			70,942			6,759
Trust fees before credit costs for trust accounts		77,699			70,939			6,760
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		7,954			4,857			3,097
Other trust fees		69,744			66,081			3,662
Credit costs for trust accounts (1)		2			2			(0	)
Net interest income		91,038			60,491			30,546
Net fees and commissions		197,325			172,158			25,167
Net trading profits		(33,885	)		1,859			(35,744	)
Net other operating profits		46,136			15,075			31,061
Net gains (losses) on debt securities		2,286			8,351			(6,064	)
General and administrative expenses		263,923			233,396			30,527
Amortization of goodwill		10,959			9,925			1,034
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		125,349			97,053			28,296
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		114,390			87,127			27,262
Provision for general allowance for credit losses (2)		(331	)		55			(386	)
Net operating profits*		114,061			87,186			26,874
Net non-recurring gains (losses)		32,749			110,369			(77,620	)
Credit costs (3)		(51	)		(70	)		18
Losses on loan write-offs		(2	)		(1	)		(1	)
Provision for specific allowance for credit losses		(49	)		(70	)		21
Other credit costs		—			1			(1	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		20			333			(313	)
Gains on loans written-off (6)		6			76			(69	)
Net gains (losses) on equity securities		29,405			102,350			(72,944	)
Gains on sales of equity securities		30,586			106,843			(76,256	)
Losses on sales of equity securities		(65	)		(2,282	)		2,217
Losses on write-down of equity securities		(1,115	)		(2,210	)		1,094
Equity in earnings of equity method investees		481			843			(361	)
Other non-recurring gains (losses)		2,886			6,836			(3,950	)

Ordinary profits		146,810			197,556			(50,745	)

Net extraordinary gains (losses)		(2,063	)		(15,818	)		13,755
Net gains (losses) on disposition of fixed assets		1,918			732			1,186
Losses on impairment of fixed assets		(3,987	)		(13,527	)		9,540
Losses on sales of shares of subsidiaries		—			(3,023	)		3,023
Profits before income taxes		144,746			181,737			(36,990	)
Income taxes-current		31,695			42,963			(11,268	)
Income taxes-deferred		9,506			15,694			(6,187	)
Total taxes		41,202			58,658			(17,455	)
Profits		103,544			123,079			(19,535	)
Profits attributable to non-controlling interests		82			134			(51	)

Profits attributable to owners of parent		103,462			122,945			(19,483	)

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)		(353	)		398			(751	)

Number of consolidated subsidiaries		185			195			(10	)
Number of affiliated companies accounted for under the equity method		6			6			—
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		117,097			89,356			27,740
Profits attributable to owners of parent		105,550			124,592			(19,042	)
Number of the entities transferred to MUAH		4			4			—

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2025 (A)			September 30, 2024 (B)			Increase (Decrease) (A) - (B)
Gross profits		199,923			222,197			(22,273	)
Gross profits before credit costs for trust accounts		199,920			222,194			(22,273	)
Domestic gross profits		170,038			189,483			(19,444	)
Trust fees		67,745			61,807			5,938
Trust fees before credit costs for trust accounts		67,743			61,804			5,938
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		7,954			4,857			3,097
Other trust fees		59,788			56,946			2,841
Credit costs for trust accounts (1)		2			2			(0	)
Net interest income		32,677			74,222			(41,545	)
Net fees and commissions		54,941			53,526			1,415
Net trading profits		(16,140	)		290			(16,430	)
Net other operating profits		30,814			(364	)		31,178
Net gains (losses) on debt securities		(337	)		436			(773	)
Non-domestic gross profits		29,884			32,714			(2,829	)
Net interest income		48,807			23,630			25,176
Net fees and commissions		712			(189	)		901
Net trading profits		(18,379	)		145			(18,525	)
Net other operating profits		(1,254	)		9,127			(10,382	)
Net gains (losses) on debt securities		2,624			7,915			(5,291	)
General and administrative expenses		106,488			102,224			4,263
Personnel expenses		33,670			32,817			853
Non-personnel expenses		68,239			64,795			3,444
Taxes		4,578			4,611			(33	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		93,432			119,969			(26,536	)
Provision for general allowance for credit losses (2)		(5,121	)		(39	)		(5,081	)
Net operating profits		88,313			119,932			(31,619	)
Net non-recurring gains (losses)		36,888			111,978			(75,089	)
Credit costs (3)		(53	)		(89	)		36
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		20			333			(313	)
Gains on loans written-off (6)		2			2			(0	)
Net gains (losses) on equity securities		28,642			102,357			(73,715	)
Gains on sales of equity securities		30,586			106,791			(76,204	)
Losses on sales of equity securities		(65	)		(2,282	)		2,217
Losses on write-down of equity securities		(1,878	)		(2,150	)		271
Other non-recurring gains (losses)		8,276			9,373			(1,097	)

Ordinary profits		125,202			231,911			(106,708	)

Net extraordinary gains (losses)		(4,273	)		(15,267	)		10,994
Net gains (losses) on disposition of fixed assets		(512	)		135			(648	)
Losses on impairment of fixed assets		(3,760	)		(13,523	)		9,762
Losses on sales of shares of subsidiaries		—			(1,879	)		1,879
Income before income taxes		120,928			216,643			(95,714	)
Income taxes-current		25,658			36,292			(10,634	)
Income taxes-deferred		6,205			14,899			(8,694	)
Total taxes		31,863			51,192			(19,328	)

Net income		89,065			165,450			(76,385	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(5,148	)		209			(5,358	)
Credit costs for trust accounts		2			2			(0	)
Provision for general allowance for credit losses		(5,121	)		(39	)		(5,081	)
Provision for special allowance for credit losses		(53	)		(91	)		37
Allowance for credit to specific foreign borrowers		—			—			—
Losses on loans write-offs		—			—			—
Provision for contingent losses included in credit costs		20			333			(313	)
Gains on loans written-off		2			2			(0	)
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		91,145			111,617			(20,472	)
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		83,092			93,345			(10,253	)

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BK Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2025 (A)		Increase (Decrease) (A) - (B)		For the six months ended September 30, 2024 (B)
Total average interest rate on interest-earning assets (a)		0.75		0.27		0.47
Average interest rate on loans and bills discounted (b)		1.09		0.27		0.82
Average interest rate on securities		0.74		0.11		0.62
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.55		0.21		0.34
Average interest rate on deposits and NCD (d)		0.17		0.14		0.02
Average interest rate on other liabilities		0.62		0.40		0.21
Overall interest rate spread (a)-(c)		0.20		0.06		0.13
Interest rate spread (b)-(d)		0.92		0.13		0.79

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		1.16		0.27		0.88
Interest rate spread (e)-(d)		0.99		0.12		0.86

TB Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2025 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2024 (B)
Total average interest rate on interest-earning assets (a)		0.82		(0.23	)		1.05
Average interest rate on loans and bills discounted (b)		0.96		0.27			0.68
Average interest rate on securities		2.01		(3.24	)		5.26
Total average interest rate on interest-bearing liabilities (c)		0.49		0.23			0.26
Average interest rate on deposits and NCD (d)		0.33		0.25			0.07
Overall interest rate spread (a)-(c)		0.32		(0.46	)		0.79
Interest rate spread (b)-(d)		0.62		0.01			0.61

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.96		0.21			0.74
Interest rate spread (e)-(d)		0.62		(0.03	)		0.66

(Reference)

BK and TB Combined

(percentage per annum)

(Domestic business segment)

For the six months
ended
September 30, 2025
(A)

Increase
(Decrease)
(A) - (B)

For the six months
ended
September 30, 2024
(B)

Average interest rate on loans and bills discounted (a)

1.09

0.27

0.81

Average interest rate on deposits and NCD (b)

0.18

0.15

0.03

Interest rate spread (a)-(b)

0.91

0.12

0.78

(After excluding loans to the Japanese government and governmental organizations)

Average interest rate on loans and bills discounted (c)

1.15

0.27

0.88

Interest rate spread (c)-(b)

0.97

0.12

0.85

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 September 30, 2025

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

2,668.9

8,258.8

12,905.9

23,833.7

Receive-floater/pay-fix

353.4

15,647.4

2,870.9

18,871.8

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

3,022.4

23,906.2

15,776.9

42,705.6

BK Consolidated

(in billions of yen)

As of September 30, 2025

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

1,935.2

6,947.1

12,810.7

21,693.1

Receive-floater/pay-fix

97.8

13,613.1

1,820.1

15,531.2

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

2,033.1

20,560.3

14,630.8

37,224.3

TB Consolidated

(in billions of yen)

As of September 30, 2025

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

733.7

1,199.4

95.2

2,028.3

Receive-floater/pay-fix

254.7

1,875.2

1,001.4

3,131.4

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

988.4

3,074.6

1,096.6

5,159.8

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 September 30, 2025									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		23,845,331		(632,323	)		36,281		668,604		23,272,183		(625,190	)		15,276		640,467
Domestic bonds		17,369,088		(557,045	)		—		557,045		17,115,009		(491,977	)		3		491,980
Government bonds		13,147,917		(398,100	)		—		398,100		13,300,923		(369,059	)		—		369,059
Municipal bonds		2,700,543		(101,254	)		—		101,254		2,545,626		(93,140	)		—		93,140
Corporate bonds		1,520,627		(57,690	)		—		57,690		1,268,459		(29,777	)		3		29,781
Other		6,476,243		(75,278	)		36,281		111,559		6,157,174		(133,213	)		15,272		148,486
Foreign bonds		4,535,816		(80,826	)		29,607		110,434		4,690,276		(137,239	)		10,825		148,065
Other		1,940,426		5,548			6,673		1,125		1,466,897		4,026			4,446		420

	(in millions of yen)
	As of September 30, 2025									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		60,709,607		2,699,026			3,402,405		703,379		61,321,796		2,203,663			2,898,215		694,551
Domestic equity securities		3,839,848		2,821,914			2,829,992		8,077		3,540,457		2,458,566			2,468,724		10,158
Domestic bonds		17,956,029		(298,629	)		2,934		301,564		23,123,161		(249,533	)		4,371		253,905
Government bonds		16,218,628		(194,310	)		1,149		195,460		21,181,296		(155,513	)		2,327		157,840
Municipal bonds		206,636		(8,723	)		1		8,724		309,997		(9,776	)		2		9,779
Corporate bonds		1,530,763		(95,595	)		1,783		97,379		1,631,867		(84,243	)		2,041		86,285
Other		38,913,728		175,741			569,479		393,737		34,658,178		(5,368	)		425,118		430,487
Foreign equity securities		773,259		110,112			116,076		5,964		662,949		36,272			54,295		18,022
Foreign bonds		28,402,625		1,912			200,045		198,132		24,182,709		(113,323	)		152,561		265,884
Other		9,737,843		63,716			253,357		189,641		9,812,519		71,682			218,262		146,580

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 September 30, 2025									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		21,285,452		(617,154	)		29,433		646,587		21,295,315		(607,764	)		10,777		618,541
Stocks of subsidiaries and affiliates		726,689		518,842			564,772		45,929		684,864		464,454			471,540		7,086

	(in millions of yen)
	As of September 30, 2025									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		42,485,791		2,402,769			2,723,067		320,298		45,173,480		2,005,377			2,300,444		295,066
Domestic equity securities		3,295,575		2,375,275			2,381,231		5,956		3,012,332		2,044,936			2,053,034		8,097
Domestic bonds		15,618,795		(165,258	)		2,693		167,951		20,849,312		(138,304	)		3,926		142,230
Other		23,571,420		192,752			339,142		146,390		21,311,835		98,744			243,483		144,738
Foreign equity securities		678,009		90,031			92,964		2,932		605,665		17,076			30,177		13,101
Foreign bonds		16,309,203		118,786			136,056		17,269		13,651,795		88,819			110,304		21,485
Other		6,584,207		(16,065	)		110,121		126,187		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 September 30, 2025									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		12,110,895		9,436,790			9,563,234		1,563,697		18,407,253		9,375,181			7,204,520		2,741,856
Government bonds		11,542,823		7,206,277			7,731,340		338,539		17,915,211		7,060,351			5,390,211		1,715,335
Municipal bonds		232,529		1,166,331			1,508,310		—		215,259		1,165,328			1,475,025		—
Corporate bonds		335,542		1,064,181			323,583		1,225,157		276,781		1,149,501			339,283		1,026,521
Other		4,908,519		3,683,429			3,171,893		12,970,148		3,733,273		6,482,656			2,494,264		10,189,203
Foreign equity securities		1,415		20,165			—		—		1,366		20,285			—		—
Foreign bonds		4,308,412		1,427,028			2,874,611		11,879,485		3,186,009		3,714,661			2,261,660		8,799,263
Other		598,691		2,236,235			297,281		1,090,663		545,896		2,747,709			232,603		1,389,940
Total		17,019,414		13,120,220			12,735,127		14,533,845		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 September 30, 2025									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		2,559,879		(15,168	)		6,848		22,017		1,976,868		(17,426	)		4,499		21,925
Stocks of subsidiaries and affiliates		18,650		(1,001	)		—		1,001		19,189		(1,368	)		—		1,368

	(in millions of yen)
	As of September 30, 2025									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		13,258,218		327,517			642,724		315,206		11,541,216		251,081			552,833		301,751
Domestic equity securities		621,195		462,325			463,729		1,404		588,732		413,329			415,255		1,925
Domestic bonds		2,110,532		(133,478	)		228		133,706		2,181,927		(111,341	)		444		111,785
Other		10,526,490		(1,329	)		178,766		180,096		8,770,556		(50,907	)		137,133		188,040
Foreign equity securities		163		110			110		—		130		81			81		—
Foreign bonds		8,327,390		(75,941	)		41,203		117,145		7,018,941		(123,179	)		28,749		151,929
Other		2,198,936		74,501			137,452		62,950		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 September 30, 2025									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		1,794		499,188			1,590,453		332,360		899		500,062			1,567,603		348,870
Government bonds		—		499,180			1,584,930		236,753		—		499,160			1,563,523		246,504
Municipal bonds		—		8			—		—		—		10			—		—
Corporate bonds		1,794		—			5,523		95,607		899		892			4,080		102,366
Other		1,291,452		1,959,341			3,066,817		4,801,112		386,183		3,080,461			2,327,090		3,400,230
Foreign equity securities		—		—			—		—		—		—			—		—
Foreign bonds		1,246,992		1,624,676			2,979,584		4,722,751		297,586		2,854,717			2,268,804		3,339,190
Other		44,460		334,664			87,233		78,361		88,596		225,744			58,286		61,039
Total		1,293,247		2,458,529			4,657,271		5,133,473		387,082		3,580,524			3,894,694		3,749,101

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the six months
ended
September 30, 2025
(A)

Increase
(Decrease)
(A) - (B)

For the six months
ended
September 30, 2024
(B)

ROE (JPX basis) *1

12.49

(0.07

)

12.56

Note:

*1 Japan Exchange Group

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio

MUFG Consolidated


	(in billions of yen)
	As of September 30, 2025 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
(1) Total capital ratio (4)/(7)		18.99	%		0.16	%		18.83	%
(2) Tier 1 capital ratio (5)/(7)		16.87	%		0.22	%		16.65	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		14.08	%		(0.10	)%		14.18	%
(4) Total capital		21,052.8			907.8			20,145.0
(5) Tier 1 capital		18,702.0			897.2			17,804.8
(6) Common Equity Tier 1 capital		15,605.2			436.0			15,169.2
(7) Risk weighted assets		110,808.0			3,877.5			106,930.4
(8) Required Capital (7)×8%		8,864.6			310.2			8,554.4

BK Consolidated

	(in billions of yen)
	As of September 30, 2025 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
(1) Total capital ratio (4)/(7)		19.60	%		(0.02	)%		19.63	%
(2) Tier 1 capital ratio (5)/(7)		17.81	%		0.13	%		17.68	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		14.81	%		(0.28	)%		15.10	%
(4) Total capital		17,239.0			761.4			16,477.6
(5) Tier 1 capital		15,666.4			823.1			14,843.2
(6) Common Equity Tier 1 capital		13,023.9			348.8			12,675.1
(7) Risk weighted assets		87,923.5			3,994.1			83,929.4
(8) Required Capital (7)×8%		7,033.8			319.5			6,714.3

TB Consolidated

	(in billions of yen)
	As of September 30, 2025 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
(1) Total capital ratio (4)/(7)		20.14	%		0.17	%		19.96	%
(2) Tier 1 capital ratio (5)/(7)		15.97	%		(0.44	)%		16.41	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		13.02	%		(0.53	)%		13.56	%
(4) Total capital		2,047.8			106.2			1,941.6
(5) Tier 1 capital		1,624.0			27.6			1,596.3
(6) Common Equity Tier 1 capital		1,324.1			5.3			1,318.7
(7) Risk weighted assets		10,168.0			443.5			9,724.4
(8) Required Capital (7)×8%		813.4			35.4			777.9

BK Non-consolidated

	(in billions of yen)
	As of September 30, 2025 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
(1) Total capital ratio (4)/(7)		17.23	%		0.16	%		17.07	%
(2) Tier 1 capital ratio (5)/(7)		15.60	%		0.35	%		15.24	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.19	%		(0.11	)%		12.30	%
(4) Total capital		13,054.3			805.4			12,248.9
(5) Tier 1 capital		11,819.6			879.4			10,940.2
(6) Common Equity Tier 1 capital		9,233.9			403.0			8,830.9
(7) Risk weighted assets		75,738.6			3,991.3			71,747.3
(8) Required Capital (7)×8%		6,059.0			319.3			5,739.7

TB Non-consolidated

	(in billions of yen)
	As of September 30, 2025 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
(1) Total capital ratio (4)/(7)		19.59	%		(0.46	)%		20.06	%
(2) Tier 1 capital ratio (5)/(7)		15.96	%		(0.93	)%		16.89	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		13.39	%		(0.95	)%		14.35	%
(4) Total capital		2,276.3			100.3			2,176.0
(5) Tier 1 capital		1,853.8			21.7			1,832.1
(6) Common Equity Tier 1 capital		1,556.3			(0.2	)		1,556.6
(7) Risk weighted assets		11,614.9			770.4			10,844.5
(8) Required Capital (7)×8%		929.1			61.6			867.5

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 September 30, 2025			As of March 31, 2025			Increase (Decrease)
Bankrupt or De facto Bankrupt		308,645			300,776			7,868
Doubtful		601,654			693,225			(91,571	)
Special Attention		504,379			536,469			(32,089	)
Accruing loans contractually past due 3 months or more		16,350			17,863			(1,513	)
Restructured loans		488,029			518,605			(30,575	)
Subtotal (A)		1,414,679			1,530,471			(115,791	)
Normal(B)		137,998,575			135,805,816			2,192,758
Total loans (C=A+B)		139,413,254			137,336,287			2,076,967
Non-performing loans ratio (A)/(C)		1.01	%		1.11	%		(0.09	)%
Write-offs		196,564			199,367			(2,803	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2025		Coverage ratio (D)/(A)			As of March 31, 2025		Coverage ratio (D)/(A)			Increase (Decrease)			Coverage ratio (D)/(A)
Allowance for credit losses (D)		1,139,834		80.57	%		1,214,870		79.37	%		(75,036	)		1.19	%
General allowance for credit losses		731,995		—			761,228		—			(29,232	)		—
Specific allowance for credit losses		398,019		—			442,257		—			(44,237	)		—
Allowance for credit to specific foreign borrowers		9,819		—			11,385		—			(1,565	)		—

(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 September 30, 2025		As of March 31, 2025		Increase (Decrease)
Domestic		709,535		786,751		(77,215	)
Overseas		705,143		743,720		(38,576	)
Asia		487,572		491,835		(4,262	)
Indonesia		45,445		51,106		(5,660	)
Singapore		481		629		(147	)
Thailand		400,765		382,780		17,984
Other		40,880		57,318		(16,438	)
Americas		126,386		124,006		2,379
Europe, Middle East and Other		91,184		127,878		(36,693	)
Total		1,414,679		1,530,471		(115,791	)

	(in millions of yen)
Classified by Industry	As of September 30, 2025		As of March 31, 2025		Increase (Decrease)
Domestic		709,535		786,751		(77,215	)
Manufacturing		280,587		297,746		(17,159	)
Construction		5,591		6,258		(667	)
Wholesale and retail		76,914		84,280		(7,365	)
Finance and insurance		11,607		16,709		(5,101	)
Real estate, goods rental and leasing		18,601		27,402		(8,801	)
Services		46,646		65,970		(19,324	)
Other industries		16,794		38,996		(22,202	)
Consumer		252,793		249,386		3,406
Overseas		705,143		743,720		(38,576	)
Financial institutions		29,693		14,902		14,791
Commercial and industrial		440,932		492,167		(51,235	)
Other		234,517		236,650		(2,132	)
Total		1,414,679		1,530,471		(115,791	)

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 September 30, 2025			As of March 31, 2025			Increase (Decrease)
Bankrupt or De facto Bankrupt		44,467			50,052			(5,585	)
Doubtful		343,693			448,449			(104,755	)
Special Attention		340,302			365,391			(25,088	)
Accruing loans contractually past due 3 months or more		9,087			9,236			(148	)
Restructured loans		331,214			356,154			(24,939	)
Subtotal (A)		728,464			863,892			(135,428	)
Normal(B)		122,852,911			121,231,909			1,621,001
Total loans (C=A+B)		123,581,375			122,095,802			1,485,572
Non-performing loans ratio (A)/(C)		0.58	%		0.70	%		(0.11	)%
Write-offs		157,569			163,085			(5,515	)

(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 September 30, 2025		Coverage ratio [(D)+(E)]/(A)			As of March 31, 2025		Coverage ratio [(D)+(E)]/(A)			Increase (Decrease)			Coverage ratio [(D)+(E)]/(A)
Covered amount		569,017		78.11	%		656,627		76.00	%		(87,609	)		2.10	%
Allowance for credit losses(D)		263,492		—			325,637		—			(62,144	)		—
Collateral, guarantees, etc.(E)		305,524		—			330,989		—			(25,464	)		—

(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

44,467

911

43,555

—

100.00

[50,052

]

[995

]

[49,057

]

—

[100.00

Doubtful

343,693

134,298

130,455

—

77.03

[448,449

]

[189,859

]

[133,301

]

—

[72.06

Special Attention

340,302

128,282

131,514

—

76.34

[365,391

]

[134,782

]

[148,630

]

—

[77.56

Total

728,464

263,492

305,524

—

78.11

[863,892

]

[325,637

]

[330,989

]

—

[76.00

Note: The upper figures are as of September 30, 2025. 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 September 30, 2025		As of March 31, 2025		Increase (Decrease)
Domestic		498,013		583,270		(85,256	)
Overseas		230,450		280,622		(50,171	)
Asia		41,430		58,101		(16,670	)
Indonesia		339		507		(167	)
Singapore		481		629		(147	)
Thailand		—		—		—
Other		40,609		56,964		(16,354	)
Americas		126,386		124,006		2,379
Europe, Middle East and Other		62,633		98,514		(35,880	)
Total		728,464		863,892		(135,428	)


	(in millions of yen)
Classified by Industry	As of September 30, 2025		As of March 31, 2025		Increase (Decrease)
Domestic		498,013		583,270		(85,256	)
Manufacturing		278,233		295,833		(17,600	)
Construction		5,428		6,164		(736	)
Wholesale and retail		74,541		81,876		(7,334	)
Finance and insurance		11,586		16,687		(5,100	)
Real estate		17,273		17,748		(475	)
Goods rental and leasing		1,310		9,636		(8,325	)
Services		46,562		65,734		(19,172	)
Other industries		15,333		37,889		(22,555	)
Consumer		47,743		51,699		(3,956	)
Overseas		230,450		280,622		(50,171	)
Financial institutions		27,622		13,131		14,491
Commercial and industrial		202,758		267,402		(64,643	)
Other		69		88		(19	)
Total		728,464		863,892		(135,428	)

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 September 30, 2025			As of March 31, 2025			Increase (Decrease)
Bankrupt or De facto Bankrupt		44,467			50,002			(5,535	)
Doubtful		342,522			447,324			(104,802	)
Special Attention		340,302			365,391			(25,088	)
Accruing loans contractually past due 3 months or more		9,087			9,236			(148	)
Restructured loans		331,214			356,154			(24,939	)
Subtotal (A)		727,292			862,718			(135,425	)
Normal(B)		119,876,253			118,665,863			1,210,390
Total loans (C=A+B)		120,603,546			119,528,581			1,074,964
Non-performing loans ratio (A)/(C)		0.60	%		0.72	%		(0.11	)%
Write-offs		157,564			163,077			(5,513	)

(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 September 30, 2025		Coverage ratio [(D)+(E)]/(A)			As of March 31, 2025		Coverage ratio [(D)+(E)]/(A)			Increase (Decrease)			Coverage ratio [(D)+(E)]/(A)
Covered amount		567,845		78.07	%		655,452		75.97	%		(87,606	)		2.10	%
Allowance for credit losses(D)		263,492		—			325,637		—			(62,144	)		—
Collateral, guarantees, etc.(E)		304,353		—			329,815		—			(25,462	)		—

(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

44,467

911

43,555

100.00

[50,002

]

[995

]

[49,007

]

[100.00

Doubtful

342,522

134,298

129,283

62.98

76.95

[447,324

]

[189,859

]

[132,177

]

[60.24

[71.99

Special Attention

340,302

128,282

131,514

61.44

76.34

[365,391

]

[134,782

]

[148,630

]

[62.18

[77.56

Total

727,292

263,492

304,353

62.30

78.07

[862,718

]

[325,637

]

[329,815

]

[61.10

[75.97

Note: The upper figures are as of September 30, 2025. 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 September 30, 2025		As of March 31, 2025		Increase (Decrease)
Domestic		496,841		582,096		(85,254	)
Overseas		230,450		280,622		(50,171	)
Asia		41,430		58,101		(16,670	)
Indonesia		339		507		(167	)
Singapore		481		629		(147	)
Thailand		—		—		—
Other		40,609		56,964		(16,354	)
Americas		126,386		124,006		2,379
Europe, Middle East and Other		62,633		98,514		(35,880	)
Total		727,292		862,718		(135,425	)


	(in millions of yen)
Classified by Industry	As of September 30, 2025		As of March 31, 2025		Increase (Decrease)
Domestic		496,841		582,096		(85,254	)
Manufacturing		278,233		295,833		(17,600	)
Construction		5,428		6,164		(736	)
Wholesale and retail		74,541		81,876		(7,334	)
Finance and insurance		11,586		16,687		(5,100	)
Real estate		17,268		17,748		(479	)
Goods rental and leasing		1,310		9,636		(8,325	)
Services		46,562		65,734		(19,172	)
Other industries		15,333		37,889		(22,555	)
Consumer		46,576		50,525		(3,948	)
Overseas		230,450		280,622		(50,171	)
Financial institutions		27,622		13,131		14,491
Commercial and industrial		202,758		267,402		(64,643	)
Other		69		88		(19	)
Total		727,292		862,718		(135,425	)

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 September 30, 2025			As of March 31, 2025			Increase (Decrease)
Bankrupt or De facto Bankrupt		—			49			(49	)
Doubtful		1,171			1,124			47
Special Attention		—			—			—
Accruing loans contractually past due 3 months or more		—			—			—
Restructured loans		—			—			—
Subtotal (A)		1,171			1,174			(2	)
Normal(B)		2,974,426			2,563,577			410,848
Total loans (C=A+B)		2,975,598			2,564,752			410,846
Non-performing loans ratio (A)/(C)		0.03	%		0.04	%		(0.01	)%
Write-offs		4			7			(2	)

(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 September 30, 2025		Coverage ratio [(D)+(E)]/(A)			As of March 31, 2025		Coverage ratio [(D)+(E)]/(A)			Increase (Decrease)			Coverage ratio [(D)+(E)]/(A)
Covered amount		1,171		100.00	%		1,174		100.00	%		(2	)		—
Allowance for credit losses(D)		—		—			—		—			—			—
Collateral, guarantees, etc.(E)		1,171		—			1,174		—			(2	)		—

(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

—

[49

]

[—

]

[49

]

[—

]

[100.00

Doubtful

1,171

—

1,171

—

100.00

[1,124

]

[—

]

[1,124

]

[—

]

[100.00

Special Attention

—

[—

]

[—

]

[—

]

[—

]

[—

]

Total

1,171

—

1,171

—

100.00

[1,174

]

[—

]

[1,174

]

[—

]

[100.00

Note: The upper figures are as of September 30, 2025. 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 September 30, 2025		As of March 31, 2025		Increase (Decrease)
Domestic		1,171		1,174		(2	)
Overseas		—		—		—
Asia		—		—		—
Indonesia		—		—		—
Singapore		—		—		—
Thailand		—		—		—
Other		—		—		—
Americas		—		—		—
Europe, Middle East and Other		—		—		—
Total		1,171		1,174		(2	)


	(in millions of yen)
Classified by Industry	As of September 30, 2025		As of March 31, 2025		Increase (Decrease)
Domestic		1,171		1,174		(2	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		4		—		4
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		1,166		1,174		(7	)
Overseas		—		—		—
Financial institutions		—		—		—
Commercial and industrial		—		—		—
Other		—		—		—
Total		1,171		1,174		(2	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: 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 September 30, 2025		As of March 31, 2025		Increase (Decrease)
Bankrupt or De facto Bankrupt		—		—		—
Doubtful		—		—		—
Special Attention		—		—		—
Accruing loans contractually past due 3 months or more		—		—		—
Restructured loans		—		—		—
Subtotal (A)		—		—		—
Normal(B)		2,230		2,468		(237	)
Total loans (C=A+B)		2,230		2,468		(237	)
Non-performing loans ratio (A)/(C)		—		—		—
Write-offs		—		—		—

(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
September 30, 2025

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

As of
March 31, 2025

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

Increase
(Decrease)

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

Covered amount

—

Allowance for credit losses(D)

—

Collateral, guarantees, etc.(E)

—

(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 September 30, 2025. 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 Industry

As of
September 30, 2025

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 September 30, 2025 (B)		(B) - (A)
Assets newly categorized during fiscal 2022		240,324		114,818		71,431		46,913		(24,517	)
Assets newly categorized during fiscal 2023				642,712		79,951		64,526		(15,425	)
Assets newly categorized during fiscal 2024						175,417		116,089		(59,327	)
Assets newly categorized during fiscal 2025								48,197

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the first half of the fiscal year ended September 30, 2025
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		8,386		—		—
Reconstructive treatment		2,493		—		—
Upgrade due to reconstructive treatment		—		—		—
Loan sold to secondary market		42,089		—		—
Write-offs		4,284		—		—
Others		101,281		—		—
Collection / Repayment		26,634		—		—
Upgrade		74,646		—		—
Total		158,535		13,323		145,212
Amount in process for disposition		41,499

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 September 30, 2025 (B)		(B) - (A)
Assets newly categorized during fiscal 2022		986		262		91		89		(2	)
Assets newly categorized during fiscal 2023				410		254		144		(110	)
Assets newly categorized during fiscal 2024						477		209		(267	)
Assets newly categorized during fiscal 2025								436

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the first half of the fiscal year ended September 30, 2025
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		—		—		—
Reconstructive treatment		—		—		—
Upgrade due to reconstructive treatment		—		—		—
Loan sold to secondary market		—		—		—
Write-offs		—		—		—
Others		438		—		—
Collection / Repayment		89		—		—
Upgrade		348		—		—
Total		438		17		421
Amount in process for disposition		46		—		—

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 September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Domestic offices (excluding loans booked at offshore markets)		76,417,547		(15,852	)		76,433,399
Manufacturing		11,463,001		525,774			10,937,227
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		102,614		(6,942	)		109,556
Construction		945,543		(3,598	)		949,141
Utilities		2,760,915		57,677			2,703,238
Communication and information services		1,427,728		2,973			1,424,755
Transport and postal activities		2,408,870		246,662			2,162,208
Wholesale and retail		6,529,608		363,925			6,165,683
Finance and insurance		9,826,915		556,752			9,270,162
Real estate		12,041,808		353,895			11,687,912
Goods rental and leasing		2,592,555		113,494			2,479,061
Services		2,521,779		(997,468	)		3,519,248
Municipal government		1,749,898		173,422			1,576,476
Other industries (including loans to the Japanese government)		22,046,311		(1,402,418	)		23,448,729

Overseas offices and loans booked at offshore markets		36,552,683		1,395,863			35,156,819

Governments		319,970		(87,499	)		407,470
Financial Institutions		15,196,686		938,678			14,258,007
Other		21,036,026		544,684			20,491,341

Total		112,970,230		1,380,011			111,590,219

Mitsubishi UFJ Financial Group, Inc.


BK Non-consolidated
Loans Classified by Type of Industry
	(in millions of yen)
	As of September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Domestic offices (excluding loans booked at offshore markets)		73,735,700		(196,919	)		73,932,619
Manufacturing		11,461,601		525,774			10,935,827
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		102,614		(6,942	)		109,556
Construction		945,543		(3,598	)		949,141
Utilities		2,760,915		57,677			2,703,238
Communication and information services		1,415,236		2,273			1,412,963
Transport and postal activities		2,393,870		246,662			2,147,208
Wholesale and retail		6,529,608		363,925			6,165,683
Finance and insurance		8,230,963		401,247			7,829,716
Real estate		12,010,184		358,298			11,651,886
Goods rental and leasing		2,592,555		113,494			2,479,061
Services		2,519,270		(999,464	)		3,518,734
Municipal government		1,749,682		173,437			1,576,245
Other industries (including loans to the Japanese government)		21,023,659		(1,429,702	)		22,453,361

Overseas offices and loans booked at offshore markets		34,948,355		1,138,383			33,809,971

Governments		319,970		(87,499	)		407,470
Financial Institutions		13,592,407		681,211			12,911,195
Other		21,035,977		544,671			20,491,305

Total		108,684,055		941,463			107,742,591

Mitsubishi UFJ Financial Group, Inc.


TB Non-consolidated
Loans Classified by Type of Industry
	(in millions of yen)
	As of September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Domestic offices (excluding loans booked at offshore markets)		1,134,735		141,910			992,824
Manufacturing		—		—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—		—			—
Construction		—		—			—
Utilities		—		—			—
Communication and information services		12,492		700			11,792
Transport and postal activities		—		—			—
Wholesale and retail		—		—			—
Finance and insurance		384,193		164,884			219,309
Real estate		6,085		(4,346	)		10,432
Goods rental and leasing		—		—			—
Services		509		(4	)		514
Municipal government		—		—			—
Other industries (including loans to the Japanese government)		731,454		(19,322	)		750,777

Overseas offices and loans booked at offshore markets		1,604,328		257,480			1,346,848

Governments		—		—			—
Financial Institutions		1,604,279		257,467			1,346,812
Other		48		13			35

Total		2,739,063		399,391			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 September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Domestic offices (excluding loans booked at offshore markets)		1,547,111		39,156			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		1,211,758		(9,379	)		1,221,137
Real estate		25,538		(55	)		25,594
Goods rental and leasing		—		—			—
Services		2,000		2,000			—
Municipal government		216		(14	)		231
Other industries (including loans to the Japanese government)		291,197		46,606			244,591

Overseas offices and loans booked at offshore markets		—		—			—

Governments		—		—			—
Financial Institutions		—		—			—
Other		—		—			—

Total		1,547,111		39,156			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 September 30, 2025 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Total domestic consumer loans		15,170,669			139,866			15,030,803
Housing loans		14,391,929			116,908			14,275,020
Residential purpose		12,820,347			152,797			12,667,550
Other		778,740			22,957			755,782

(2) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2025 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Outstanding amount		42,985,889			713,346			42,272,543
% to total domestic loans		56.25	%		0.94	%		55.30	%

BK Non-consolidated

(1) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2025 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Total domestic consumer loans		14,642,281			175,393			14,466,887
Housing loans		13,863,795			152,363			13,711,432
Residential purpose		12,292,502			188,234			12,104,268
Other		778,485			23,030			755,455

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

	(in millions of yen)
	As of September 30, 2025 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Outstanding amount		42,055,732			700,542			41,355,190
% to total domestic loans		57.03	%		1.09	%		55.93	%

TB Non-consolidated

(1) Domestic Consumer Loans

	(in millions of yen)
	As of September 30, 2025 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Total domestic consumer loans		526,424			(35,348	)		561,773
Housing loans		526,170			(35,276	)		561,446
Residential purpose		525,883			(35,259	)		561,143
Other		254			(72	)		326

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

	(in millions of yen)
	As of September 30, 2025 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Outstanding amount		648,145			(40,230	)		688,376
% to total domestic loans		57.11	%		(12.21	)%		69.33	%

TB Non-consolidated: Trust Accounts

(1) Domestic Consumer Loans

	(in millions of yen)
	As of September 30, 2025 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Total domestic consumer loans		1,964			(177	)		2,141
Housing loans		1,964			(177	)		2,141
Residential purpose		1,962			(176	)		2,138
Other		—			—			—

(2) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2025 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Outstanding amount		282,011			53,034			228,977
% to total domestic loans		18.22	%		3.04	%		15.18	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BK Consolidated excl. KS, BDI


	(in millions of yen)
	As of September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Americas		14,536,841		69,223			14,467,618
United States		12,508,642		59,008			12,449,634
Canada		726,542		52,059			778,602
Brazil		512,121		96,665			415,455
Mexico		280,345		32,886			313,232
Others		509,189		1,504			510,693

Asia/Oceania		11,640,800		89,693			11,551,107
Australia		1,897,760		15,386			1,913,147
Hong Kong		1,722,220		20,434			1,742,655
India		1,657,044		56,899			1,600,144
Singapore		1,385,214		23,111			1,408,325
Indonesia		1,063,275		61,740			1,001,535
China		988,828		143,877			1,132,705
Malaysia		691,024		29,918			720,942
Taiwan		506,181		44,289			461,892
Korea		458,960		29,251			488,211
Philippines		447,571		101,839			345,731
New Zealand		426,763		27,781			398,982
Others		395,953		59,121			336,832
EMEA		9,714,628		640,317			9,074,311

United Kingdom		2,387,584		153,062			2,234,521
Netherlands		1,223,879		11,168			1,212,711
Germany		778,889		3,428			775,460
Luxembourg		744,430		182,998			561,431
France		562,761		475			562,286
Ireland		510,334		34,416			475,917
Italy		294,305		23,513			270,791
Qatar		258,406		90,871			167,535
Saudi Arabia		247,051		47,366			199,684
Belgium		224,888		46,155			178,732
Turkey		222,832		19,441			203,390
Switzerland		207,531		21,982			229,513
Spain		172,786		10,256			183,043
United Arab Emirates		157,727		15,952			141,775
Sweden		76,364		13,107			63,256
Cote D’Ivoire		68,044		32,165			35,878
Norway		63,858		11,073			52,784
Others		1,512,951		12,641			1,525,592

Total		35,892,271		799,233			35,093,037


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

	(in millions of yen)
	As of September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
KS		7,006,928		576,626			6,430,302
BDI		1,542,609		(71,490	)		1,614,099

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Deposits (ending balance)		215,214,312		(756,366	)		215,970,679
Deposits (average balance)		216,155,256		1,010,689			215,144,567
Loans (ending balance)		111,423,119		1,340,855			110,082,264
Loans (average balance)		112,726,562		2,015,844			110,710,718
BK Non-consolidated
	(in millions of yen)
	As of September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Deposits (ending balance)		200,698,962		(2,013,836	)		202,712,799
Deposits (average balance)		202,099,168		798,771			201,300,396
Loans (ending balance)		108,684,055		941,463			107,742,591
Loans (average balance)		110,064,678		1,550,308			108,514,370
TB Non-consolidated
	(in millions of yen)
	As of September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Deposits (ending balance)		14,515,350		1,257,469			13,257,880
Deposits (average balance)		14,056,088		211,917			13,844,171
Loans (ending balance)		2,739,063		399,391			2,339,672
Loans (average balance)		2,661,883		465,535			2,196,348

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BK and TB Combined


	(in millions of yen)
	As of September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Individuals		94,045,511		426,688			93,618,823
Corporations and others		84,502,494		(1,733,025	)		86,235,520
Domestic deposits		178,548,006		(1,306,337	)		179,854,343

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

BK Non-consolidated


	(in millions of yen)
	As of September 30, 2025 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Individuals		87,382,443		(195,687	)		87,578,130
Corporations and others		79,237,135		(2,435,236	)		81,672,372
Domestic deposits		166,619,578		(2,630,923	)		169,250,502

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

TB Non-consolidated

(in millions of yen)

As of
September 30, 2025
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2025
(B)

Individuals

6,663,068

622,375

6,040,693

Corporations and others

5,265,359

702,210

4,563,148

Domestic deposits

11,928,428

1,324,586

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 September 30, 2025 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Deferred tax assets		1,105.0			63.0			1,041.9
Allowance for credit losses		182.3			(28.5	)		210.9
Write-down on investment securities		371.1			(1.8	)		373.0
Unrealized losses on Available-for-sale securities		1.0			(0.1	)		1.2
Reserve for retirement benefits		62.0			(6.0	)		68.0
Reserve for contingent losses		17.7			(1.6	)		19.3
Depreciation and Impairment losses		74.0			(2.7	)		76.7
Devaluation on land upon merger		20.0			(0.2	)		20.2
Net deferred losses on hedging instruments		529.6			92.2			437.4
Other		240.4			10.6			229.7
Valuation allowance		(393.4	)		1.4			(394.8	)
Deferred tax liabilities		855.4			87.9			767.4
Unrealized gains on Available-for-sale securities		655.7			108.9			546.7
Revaluation gains on securities upon merger		36.9			(0.7	)		37.7
Gains on securities contributed to employees’ retirement benefits trust		39.3			(2.4	)		41.8
Gains on management of employees’ retirement benefits trust		52.8			(9.5	)		62.4
Other		70.5			(8.2	)		78.7

Net deferred tax assets		249.5			(24.8	)		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			Interim FY2025
Net operating profits before provision for general allowance for credit losses		388.0			374.4			690.4			974.6			521.7			745.0
Total credit costs		(223.3	)		(234.0	)		(98.5	)		(250.2	)		237.3			82.3
Income before income taxes		205.5			286.1			1,239.5			994.7			1,276.6			980.9
Reconciliation to taxable income		98.5			343.3			(453.8	)		(50.5	)		(446.8	)		(152.4	)
Taxable income		304.1			629.5			785.7			944.2			829.7			828.5

(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 September 30, 2025 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2025 (B)
Deferred tax assets		88.9			1.2			87.6
Gains on securities related to employees’ retirement benefits trust		62.3			0.2			62.0
Depreciation and Impairment losses		15.0			0.0			15.0
Write-down on investment securities		7.7			(0.9	)		8.6
Group tax sharing transactions		4.7			(2.8	)		7.5
Reserve for contingent losses		1.2			(0.3	)		1.5
Other		24.0			4.0			20.0
Valuation allowance		(26.3	)		1.0			(27.3	)
Deferred tax liabilities		256.4			12.7			243.7
Reserve for retirement benefits		149.4			12.3			137.1
Unrealized gains on Available-for-sale securities		96.6			24.3			72.3
Net deferred gains on hedging instruments		3.3			(19.1	)		22.4
Other		6.9			(4.7	)		11.6

Net deferred tax assets		(167.5	)		(11.4	)		(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			Interim 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			93.4
Total credit costs		0.0			0.1			(0.2	)		(0.1	)		0.2			(5.1	)
Income before income taxes		129.4			210.6			165.7			75.1			199.8			120.9
Reconciliation to taxable income		(26.5	)		(37.4	)		(46.1	)		(15.2	)		(81.5	)		(44.3	)
Taxable income		102.9			173.1			119.6			59.8			118.3			76.5

(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.

(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 September 30, 2025
Assets:
Cash and due from banks		89,553,911			75,602,816
Call loans		1,489,909			1,703,361
Receivables under resale agreements		3,031,388			1,898,160
Monetary claims bought		4,248,428			4,098,525
Trading assets		5,602,554			6,131,093
Money held in trust		32,798			36,826
Securities		69,147,025			66,526,849
Loans and bills discounted		107,742,591			108,684,055
Foreign exchanges		1,374,506			1,420,401
Other assets		10,785,183			13,236,155
Tangible fixed assets		676,397			674,749
Intangible fixed assets		509,097			530,999
Prepaid pension costs		831,781			886,146
Deferred tax assets		274,421			249,565
Customers’ liabilities for acceptances and guarantees		9,597,403			9,687,843
Allowance for credit losses		(530,929	)		(437,346	)

Total assets		304,366,471			290,930,204

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2025			As of September 30, 2025
Liabilities:
Deposits		202,712,799			200,698,962
Negotiable certificates of deposit		11,625,450			12,305,869
Call money		730,676			610,194
Payables under repurchase agreements		21,795,415			16,443,323
Commercial papers		3,062,422			2,829,693
Trading liabilities		3,011,694			3,413,193
Borrowed money		29,946,265			20,743,485
Foreign exchanges		2,592,757			2,379,665
Bonds payable		1,109,130			1,126,036
Other liabilities		8,785,154			11,070,876
Reserve for bonuses		92,495			53,914
Reserve for bonuses to directors		267			92
Reserve for stocks payment		4,423			4,644
Reserve for retirement benefits		16,909			16,495
Reserve for contingent losses		62,378			56,646
Reserves under special laws		0			0
Deferred tax liabilities for land revaluation		81,148			80,727
Acceptances and guarantees		9,597,403			9,687,843

Total liabilities		295,226,792			281,521,665

Net assets:
Capital stock		1,711,958			1,711,958
Capital surplus		3,878,275			3,878,275
Capital reserve		1,711,958			1,711,958
Other capital surplus		2,166,317			2,166,317
Retained earnings		3,710,103			3,941,707
Revenue reserve		190,044			190,044
Other retained earnings		3,520,059			3,751,663
Funds for retirement benefits		2,432			2,432
Reserve for investment promotion taxation		852			852
Other reserve		718,196			718,196
Earned surplus brought forward		2,798,577			3,030,181
Treasury stock		(645,700	)		(645,700	)

Total shareholders’ equity		8,654,637			8,886,241

Net unrealized gains (losses) on available-for-sale securities		1,277,153			1,516,309
Net deferred gains (losses) on hedging instruments		(948,300	)		(1,149,286	)
Land revaluation excess		156,189			155,275

Total valuation and translation adjustments		485,042			522,298

Total net assets		9,139,679			9,408,539

Total liabilities and net assets		304,366,471			290,930,204

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

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


(in millions of yen)	For the six months ended September 30, 2024		For the six months ended September 30, 2025
Ordinary income		3,572,670		3,804,786
Interest income		2,588,190		2,744,858
Interest on loans and bills discounted		1,515,370		1,470,017
Interest and dividends on securities		575,220		640,831
Fees and commissions		400,157		469,293
Trading income		34,346		44,261
Other operating income		230,823		317,385
Other ordinary income		319,153		228,987
Ordinary expenses		2,612,876		2,851,096
Interest expenses		1,780,905		1,902,200
Interest on deposits		880,284		849,575
Fees and commissions		80,963		85,041
Trading expenses		2,150		3,057
Other operating expenses		48,678		115,484
General and administrative expenses		632,399		692,881
Other ordinary expenses		67,779		52,431

Ordinary profits		959,794		953,689

Extraordinary gains		8,168		35,179
Extraordinary losses		3,965		7,871

Income before income taxes		963,997		980,998

Income taxes - current		155,314		263,570
Income taxes - deferred		93,929		6,209

Total taxes		249,243		269,779

Net income		714,753		711,218

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 September 30, 2025
Assets:
Cash and due from banks		13,562,026			14,190,530
Call loans		730,000			911,443
Receivables under resale agreements		84,905			107,967
Receivables under securities borrowing transactions		130,708			98,585
Monetary claims bought		15			15
Trading assets		88,909			119,954
Money held in trust		13,864			13,854
Securities		14,518,485			16,887,015
Loans and bills discounted		2,339,672			2,739,063
Foreign exchanges		175,657			187,267
Other assets		1,344,091			1,622,029
Tangible fixed assets		112,161			112,442
Intangible fixed assets		88,450			94,137
Prepaid pension costs		555,465			593,967
Customers’ liabilities for acceptances and guarantees		44,005			42,598
Allowance for credit losses		(932	)		(6,106	)

Total assets		33,787,488			37,714,766

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2025			As of September 30, 2025
Liabilities:
Deposits		13,257,880			14,515,350
Negotiable certificates of deposit		5,746,397			5,714,385
Call money		2,038,024			3,042,728
Payables under repurchase agreements		5,464,023			7,155,725
Commercial papers		133,307			297,881
Trading liabilities		278,494			338,088
Borrowed money		1,578,850			1,668,483
Foreign exchanges		543,047			419,479
Short-term bonds payable		199,766			99,884
Bonds payable		30,000			30,000
Due to trust accounts		1,565,953			1,530,501
Other liabilities		689,059			601,738
Reserve for bonuses		6,081			5,926
Reserve for bonuses to directors		176			54
Reserve for stocks payment		3,556			3,436
Reserve for contingent losses		5,092			4,081
Deferred tax liabilities		156,082			167,545
Deferred tax liabilities for land revaluation		3,755			3,755
Acceptances and guarantees		44,005			42,598

Total liabilities		31,743,556			35,641,646

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			1,353,690
Revenue reserve		73,714			73,714
Other retained earnings		1,279,088			1,279,976
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			1,140,489
Treasury stock		(299,999	)		(299,999	)

Total shareholders’ equity		1,833,051			1,833,940

Net unrealized gains (losses) on available-for-sale securities		179,477			231,941
Net deferred gains (losses) on hedging instruments		31,040			6,875
Land revaluation excess		362			362

Total valuation and translation adjustments		210,879			239,179

Total net assets		2,043,931			2,073,119

Total liabilities and net assets		33,787,488			37,714,766

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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


(in millions of yen)	For the six months ended September 30, 2024		For the six months ended September 30, 2025
Ordinary income		834,449		707,912
Trust fees		61,807		67,745
Interest income		541,179		470,022
Interest on loans and bills discounted		45,191		52,890
Interest and dividends on securities		382,757		283,357
Fees and commissions		81,600		90,128
Trading income		436		0
Other operating income		38,753		45,971
Other ordinary income		110,672		34,043
Ordinary expenses		602,538		582,710
Interest expenses		443,344		388,571
Interest on deposits		60,290		72,201
Fees and commissions		28,263		34,475
Trading expenses		—		34,520
Other operating expenses		29,990		16,411
General and administrative expenses		94,737		99,655
Other ordinary expenses		6,202		9,076

Ordinary profits		231,911		125,202

Extraordinary gains		616		—
Extraordinary losses		15,884		4,273

Income before income taxes		216,643		120,928

Income taxes - current		36,292		25,658
Income taxes - deferred		14,899		6,205

Total taxes		51,192		31,863

Net income		165,450		89,065

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 September 30, 2025
Assets:
Loans and bills discounted		1,507,955		1,547,111
Securities		82,297,398		83,570,896
Beneficiary rights to the trust		171,790,489		174,772,695
Securities held in custody accounts		3,182,746		4,027,941
Monetary claims		37,473,051		39,001,521
Tangible fixed assets		24,848,502		26,261,485
Intangible fixed assets		229,603		262,776
Other claims		4,279,871		4,698,264
Call loans		5,651,749		3,928,387
Due from banking account		4,244,900		3,411,202
Cash and due from banks		6,403,878		6,524,822

Total		341,910,148		348,007,105

Liabilities:
Money trusts		39,222,424		35,500,853
Pension trusts		13,366,896		12,825,248
Property formation benefit trusts		5,228		5,065
Investment trusts		170,479,519		173,248,934
Money entrusted other than money trusts		7,388,623		8,447,767
Securities trusts		5,392,692		6,166,711
Monetary claim trusts		32,124,384		33,869,490
Equipment trusts		412,714		629,391
Land and fixtures trusts		18,442		18,561
Composite trusts		73,499,220		77,295,080

Total		341,910,148		348,007,105


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 43,081 millions of yen as of September 30, 2025.

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 September 30, 2025
Assets:
Loans and bills discounted		2,468		2,230
Other		1,713,079		1,640,029

Total		1,715,548		1,642,260

Liabilities:
Principal		1,715,116		1,641,807
Allowance for bad debts		7		6
Other		424		446

Total		1,715,548		1,642,260

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(4) Major Items


(in millions of yen)	As of March 31, 2025		As of September 30, 2025
Total funds		71,598,827		68,560,903

Deposits		13,257,880		14,515,350
Negotiable certificates of deposit		5,746,397		5,714,385
Money trusts		39,222,424		35,500,853
Pension trusts		13,366,896		12,825,248
Property formation benefit trusts		5,228		5,065

Loans and bills discounted		3,847,628		4,286,175

Banking account		2,339,672		2,739,063
Trust account		1,507,955		1,547,111

Investment securities		96,815,884		100,457,912

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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