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

8/1/24 6:04:26 AM ET

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6-K 1 d817436d6k.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 August 2024

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: August 1, 2024


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2024

August 1, 2024


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
Dividend payment date:		-
Trading accounts:		Established
Supplemental information for on financial results:		Available
Investor meeting presentation:		None

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

1. Consolidated Financial Data for the Three Months ended June 30, 2024

(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 three months ended
June 30, 2024		3,525,017		27.1		733,359		1.1		555,894		(0.4	)
June 30, 2023		2,774,099		28.2		725,585		175.9		558,389		391.2

(*)	Comprehensive income

June 30, 2024: 992,877 million yen, (6.9) % ; June 30, 2023: 1,066,496 million yen, - %


	Basic earnings per share		Diluted earnings per share
	yen		yen
For the three months ended
June 30, 2024		47.50		47.40
June 30, 2023		46.44		46.29

(2)	Financial Conditions


	Total Assets		Total Net Assets		Equity-to-asset *ratio ()**
	million yen		million yen		%
As of
June 30, 2024		407,262,698		21,370,586		5.0
March 31, 2024		403,703,147		20,746,978		4.9

(Reference) Shareholders’ equity as of June 30, 2024: 20,177,227 million yen; March 31, 2024: 19,587,974 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, 2024		—		20.50		—		20.50		41.00
ending June 30, 2024		—
ending March 31, 2025 (Forecast)				25.00		—		25.00		50.00

(*)	Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : None

3. Earnings Target for the Fiscal Year ending March 31, 2025 (Consolidated)

MUFG has an earnings target of 1,500.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2025. (There is no change to our earnings target released on May 15, 2024.)

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)	Adoption of any particular accounting methods for quarterly consolidated financial statements: No

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

(A) Changes in accounting policies due to revision of accounting standards: Yes

(B) Changes in accounting policies due to reasons other than (A): Yes

(D) Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	June 30, 2024	12,337,710,920 shares
	March 31, 2024	12,337,710,920 shares
(B) Treasury stocks:	June 30, 2024	680,433,525 shares
	March 31, 2024	611,522,914 shares
(C) Average outstanding stocks:	Three months ended June 30, 2024	11,703,738,307 shares
	Three months ended June 30, 2023	12,023,926,078 shares

ø Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

ø 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. To date, we have published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report.

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Results of Operations and Financial Condition			2
2. Consolidated Financial Statements and Notes			3
(1) Consolidated Balance Sheets			3
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			5
(3) Changes in Accounting Policies			7
(4) Segment Information			8
(5) Notes for Material Changes in Shareholders’ Equity			10
(6) Notes on Going-Concern Assumption			10
(7) Consolidated Statements of Cash Flows			10
(8) Additional Information			10

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Three Months Ended June 30, 2024”

Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

(1) Analysis of results of operations

Gross profits (FX impact: approximately +70 billion yen)

•

Increased mainly driven by increases in interest income from loans and increases in fees related to solution business, wealth management business, and various other businesses, and by the effect of M&A outside of Japan, as well as the Bank of Ayudhya Public Company Limited (“Krungsri”) impact*1 of 163.5 billion yen

G&A expenses (FX impact: approximately +40 billion yen)

•

Increased driven by an increase of overseas compensation costs due to inflation and FX impact, and by the effect of M&A outside of Japan, as well as the Krungsri impact of 84.7 billion yen

Total credit costs

•

Increased mainly due to higher allowance for credit losses on specific overseas entities and the effect of M&A outside of Japan, as well as the Krungsri impact of (43.0) billion yen

Equity in earnings of equity method investees

•

Excluding the Morgan Stanley impact*2 reflected in the fiscal year ended March 31, 2024, the strong performance in Morgan Stanley contributed

Other non-recurring gains (losses)

•

Increased due to improvements in retirement benefit expenses, as well as the absence of one-time costs etc., included in the fiscal year ended March 31, 2024

Profits attributable to owners of parent

•

Adjusted profits*3 increased by 55.1 billion yen YoY, marking a good start with 37% progress towards the full-year earnings target

Starting from the fiscal year ended March 31,2025, the consolidated closing period for Krungsri has been changed from January-December to April-March aligning with MUFG’s fiscal year.

The change in the closing date of Morgan Stanley’s financial results during the fiscal year ended March 31, 2024

Excludes the Morgan Stanley impact of 79.5 billion yen in the three months ended June 30, 2023 and the Krungsri impact of 21.8 billion yen in the three months ended June 30, 2024, respectively

Please refer to P1 Selected Financial Information

(2) Analysis of financial condition

Total assets

•

Increased 3,595.5 billion yen from March 31, 2024 to 407,262.6 billion yen

Total net assets

•

Increased 623.6 billion yen from March 31, 2024 to 21,370.5 billion yen

Major items


• Assets		Loans and bills discounted
		Increased 5,904.7 billion yen from March 31, 2024 to 122,730.4 billion yen
		Securities
		Decreased 6,146.8 billion yen from March 31, 2024 to 80,731.6 billion yen
• Liabilities		Deposits
		Increased 4,555.0 billion yen from March 31, 2024 to 228,590.1 billion yen

Mitsubishi UFJ Financial Group, Inc.

2.	Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2024			As of June 30, 2024
Assets:
Cash and due from banks		109,875,097			107,513,821
Call loans and bills bought		720,879			826,298
Receivables under resale agreements		18,367,908			18,804,704
Receivables under securities borrowing transactions		5,010,399			4,410,950
Monetary claims bought		7,786,978			7,899,310
Trading assets		20,886,546			24,282,616
Money held in trust		1,270,815			1,253,672
Securities		86,878,589			80,731,693
Loans and bills discounted		116,825,660			122,730,429
Foreign exchanges		2,496,308			1,977,577
Other assets		17,912,498			20,464,464
Tangible fixed assets		1,229,007			1,251,319
Intangible fixed assets		1,671,372			1,922,391
Net defined benefit assets		1,982,502			2,022,248
Deferred tax assets		156,673			167,107
Customers’ liabilities for acceptances and guarantees		12,167,164			12,587,376
Allowance for credit losses		(1,535,253	)		(1,583,284	)

Total assets		403,703,147			407,262,698

Liabilities:
Deposits		224,035,035			228,590,108
Negotiable certificates of deposit		16,555,451			16,075,917
Call money and bills sold		5,125,583			4,523,504
Payables under repurchase agreements		35,482,072			33,137,553
Payables under securities lending transactions		1,047,194			791,433
Commercial papers		3,105,779			3,149,543
Trading liabilities		16,729,760			17,677,023
Borrowed money		25,955,961			25,515,473
Foreign exchanges		3,465,919			2,768,300
Short-term bonds payable		1,211,769			1,260,896
Bonds payable		16,303,298			16,796,282
Due to trust accounts		7,387,495			5,781,893
Other liabilities		13,312,715			16,411,514
Reserve for bonuses		243,372			120,346
Reserve for bonuses to directors		2,629			1,656
Reserve for stocks payment		13,331			16,652
Net defined benefit liabilities		102,155			108,375
Reserve for retirement benefits to directors		822			708
Reserve for loyalty award credits		17,809			7,638
Reserve for contingent losses		133,860			129,261
Reserves under special laws		5,058			5,262
Deferred tax liabilities		465,295			350,926
Deferred tax liabilities for land revaluation		86,631			84,459
Acceptances and guarantees		12,167,164			12,587,376

Total liabilities		382,956,169			385,892,111

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2024			As of June 30, 2024
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		83,623			83,414
Retained earnings		13,791,608			14,118,234
Treasury stock		(613,823	)		(728,317	)

Total shareholders’ equity		15,402,921			15,614,843

Net unrealized gains (losses) on available-for-sale securities		1,534,094			1,335,568
Net deferred gains (losses) on hedging instruments		(687,476	)		(800,596	)
Land revaluation excess		133,967			128,417
Foreign currency translation adjustments		2,762,818			3,463,361
Remeasurements of defined benefit plans		507,085			495,455
Debt value adjustments of foreign subsidiaries and affiliates		(65,435	)		(59,947	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates		—			123

Total accumulated other comprehensive income		4,185,052			4,562,383

Subscription rights to shares		0			3
Non-controlling interests		1,159,003			1,193,355

Total net assets		20,746,978			21,370,586

Total liabilities and net assets		403,703,147			407,262,698

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 three months ended June 30, 2023		For the three months ended June 30, 2024
Ordinary income		2,774,099		3,525,017
Interest income		1,671,075		2,353,006
Interest on loans and bills discounted		901,940		1,186,309
Interest and dividends on securities		314,009		444,660
Trust fees		33,215		35,189
Fees and commissions		457,534		557,301
Trading income		109,429		108,099
Other operating income		205,728		178,316
Other ordinary income		297,114		293,104
Ordinary expenses		2,048,513		2,791,657
Interest expenses		1,086,946		1,529,894
Interest on deposits		417,834		601,433
Fees and commissions		89,326		109,357
Trading expenses		326		—
Other operating expenses		59,144		57,076
General and administrative expenses		705,048		844,873
Other ordinary expenses		107,720		250,456

Ordinary profits		725,585		733,359

Extraordinary gains		6,997		7,612
Gains on disposition of fixed assets		6,997		7,612
Extraordinary losses		29,521		4,909
Losses on disposition of fixed assets		3,690		2,079
Losses on impairment of fixed assets		3,596		2,626
Provision for reserve for contingent liabilities from financial instruments transactions		176		203
Losses on change in equity		22,058		—

Profits before income taxes		703,061		736,062

Income taxes-current		104,058		135,758
Income taxes-deferred		23,442		18,027

Total taxes		127,500		153,786

Profits		575,560		582,276

Profits attributable to non-controlling interests		17,171		26,382

Profits attributable to owners of parent		558,389		555,894

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the three months ended June 30, 2023			For the three months ended June 30, 2024
Profits		575,560			582,276
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		45,712			(193,254	)
Net deferred gains (losses) on hedging instruments		(45,231	)		(111,529	)
Foreign currency translation adjustments		233,712			471,663
Remeasurements of defined benefit plans		(8,359	)		(11,344	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates		—			123
Share of other comprehensive income of associates accounted for using equity method		265,101			254,942

Total other comprehensive income		490,935			410,601

Comprehensive income		1,066,496			992,877

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		1,035,593			940,670
Comprehensive income attributable to non-controlling interests		30,902			52,207

Mitsubishi UFJ Financial Group, Inc.

(3) Changes in Accounting Policies

(Accounting Standard for Corporate Tax, Inhabitant Tax, Enterprise Tax, etc.)

Accounting Standard Board of Japan (“ASBJ”) Statement No. 27, “Accounting Standard for Corporate Tax, Inhabitant Tax, Enterprise Tax, etc.” (ASBJ, October 28, 2022), etc., have been applied from the beginning of the three months ended June 30, 2024.

The cumulative effect of retroactively applying the new accounting policy to reporting periods prior to the beginning of the three months ended June 30, 2024 was recognized as an adjustment to retained earnings as of the beginning of the three months ended June 30, 2024.

As a result, at the beginning of the three months ended June 30, 2024, retained earnings increased by ¥6,119 million, and deferred hedge decreased by ¥1,896 million, deferred tax liabilities decreased by ¥4,223 million.

(Adoption of IFRS accounting standards by a foreign subsidiary)

The consolidated financial statements of Krungsri, which are used in MUFG’s consolidated accounting process, had been previously prepared in accordance with U.S. GAAP, but from the beginning of the three months ended June 30, 2024, have been prepared in accordance with IFRS.

This change has been made pursuant to MUFG’s decision to consolidate Krungsri based on a provisional closing of its accounts through the system put in place to prepare Krungsri’s consolidated financial statements in accordance with IFRS from the perspective of providing MUFG’s consolidated financial statements in a more timely manner as described in “Provisional closing of accounts of a significant subsidiary” under “(8) Additional Information” below. The change is part of the MUFG Group’s ongoing review of infrastructure and system development in considering adoption of IFRS.

The impact of the change on MUFG’s consolidated financial statements and per share information for the previous fiscal year is immaterial.

Mitsubishi UFJ Financial Group, Inc.

(4) Segment Information

I.	Business segment information

1	Summary of reporting segments

MUFG’s reporting segments are business units of MUFG which its Executive Committee, the decision-making body for the execution of its business operations, regularly reviews to make decisions regarding allocation of management resources and evaluate performance.

MUFG makes and executes unified group-wide strategies based on customer characteristics and the nature of business. Accordingly, MUFG has adopted customer-based and business-based segmentation, which consists of the following reporting segments: Retail & Digital Business Group, Commercial Banking & Wealth Management Business Group, Japanese Corporate & Investment Banking Business Group, Global Commercial Banking Business Group, Asset Management & Investor Services Business Group, Global Corporate & Investment Banking Business Group, Global Markets Business Group and Other.


Retail & Digital Business Group:		Providing financial services to individual customers (excluding wealth management customers) and corporate customers through the three channels under the concept of “Real (Face-to-Face) × Remote × Digital”

Commercial Banking & Wealth Management Business Group:		Providing financial services to corporate and wealth management customers

Japanese Corporate & Investment Banking Business Group:		Providing financial services to large Japanese corporate customers in and outside Japan

Global Commercial Banking Business Group:		Providing financial services to individual and small to medium sized corporate customers through overseas commercial bank investees of MUFG

Asset Management & Investor Services Business Group:		Providing asset management and administration and pension services to domestic and overseas investor, asset manager and operating company customers

Global Corporate & Investment Banking Business Group:		Providing financial services to large non-Japanese corporate customers

Global Markets Business Group:		Providing services relating to foreign currency exchange, funds and investment securities to customers, as well as conducting market transactions and managing liquidity and cash for MUFG

Other:		Other than the businesses mentioned above

a	Changes relating to reporting segments

MUFG has reorganized its previous Digital Service Business Group and Retail & Commercial Banking Business Group into Retail & Digital Business Group and Commercial Banking & Wealth Management Business Group in order to take fuller advantage of our strengths as a corporate group providing comprehensive financial services, under the medium-term business plan that was commenced in the three months ended June 30, 2024, and has changed its reporting segments to the current segmentation based on the reorganized business groups.

In addition, from the three months ended June 30, 2024, MUFG has changed the method of allocation of net revenue and operating expenses among reporting segments and has accordingly changed the method of calculation of operating profit (loss) of each reporting segment.

The business segment information for the three months ended June 30, 2023 has been restated based on the new segmentation and the new calculation method.

Mitsubishi UFJ Financial Group, Inc.

2	Information on net revenue and operating profit (loss) for each reporting segment

For the three months ended June 30, 2023


	(in millions of yen)
	For the three months ended June 30, 2023
	Retail & Digital Business Group		Commercial Banking & Wealth Management Business Group		Japanese Corporate & Investment Banking Business Group		Global Commercial Banking Business Group		Asset Management & Investor Services Business Group		Global Corporate & Investment Banking Business Group		Total of Customer Business		Global Markets Business Group		Other			Total
Net revenue	¥	199,562	¥	131,074	¥	221,081	¥	142,600	¥	93,538	¥	196,037	¥	983,895	¥	240,660	¥	19,981		¥	1,244,537
Operating expenses		153,662		101,366		90,392		81,665		68,034		95,096		590,219		73,002		30,458			693,680

Operating profit (loss)	¥	45,899	¥	29,708	¥	130,688	¥	60,934	¥	25,503	¥	100,940	¥	393,676	¥	167,658	¥	(10,477	)	¥	550,857

(Notes)

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

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

“Operating expenses” includes personnel expenses and premise expenses.

For the three months ended June 30, 2024


	(in millions of yen)
	For the three months ended June 30, 2024
	Retail & Digital Business Group		Commercial Banking & Wealth Management Business Group		Japanese Corporate & Investment Banking Business Group		Global Commercial Banking Business Group		Asset Management & Investor Services Business Group		Global Corporate & Investment Banking Business Group		Total of Customer Business		Global Markets Business Group		Other			Total
Net revenue	¥	221,390	¥	160,743	¥	257,478	¥	365,398	¥	110,445	¥	232,253	¥	1,347,708	¥	207,777	¥	(16,522	)	¥	1,538,964
Operating expenses		163,788		105,351		94,412		185,790		77,406		109,238		735,988		78,011		39,489			853,489

Operating profit (loss)	¥	57,602	¥	55,391	¥	163,065	¥	179,607	¥	33,039	¥	123,014	¥	611,720	¥	129,765	¥	(56,011	)	¥	685,474

(Notes)

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

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

“Operating expenses” includes personnel expenses and premise expenses.

Mitsubishi UFJ Financial Group, Inc.

3	Reconciliation of the total operating profit in each of the above tables to the ordinary profit in the consolidated statement of income for the corresponding three-month period


Operating profit	For the three months ended June 30, 2023			For the three months ended June 30, 2024
Total operating profit of reporting segments		550,857			685,474
Operating profit of consolidated subsidiaries excluded from reporting segments		228			(104	)
Provision for general allowance for credit losses		392			(30,593	)
Credit related expenses		(69,169	)		(171,333	)
Gains on reversal of reserve for contingent losses included in credit costs		1,531			2,713
Gains on loans written-off		25,602			32,449
Net gains on equity securities and other securities		43,765			55,672
Equity in earnings of the equity method investees		199,921			143,090
Others		(27,543	)		15,991

Ordinary profit in the consolidated statement of income		725,585			733,359

(5) Notes for Material Changes in Shareholders’ Equity

None.

(6) Notes on Going-Concern Assumption

None.

(7) Consolidated Statements of Cash Flows

No consolidated statements of cash flows have been prepared for the three-month periods ended June 30, 2023 and 2024. Depreciation (including amortization of intangible assets other than goodwill) and amortization of goodwill for the periods indicated were as follows:


	(in millions of yen)
	For the three months ended June 30,
	2023		2024
Depreciation	¥	80,889	¥	97,779
Amortization of goodwill		4,324		9,348

(8) Additional Information

(Provisional closing of accounts of a significant subsidiary)

Krungsri, a significant subsidiary of MUFG, closes its financial accounts based on a fiscal year-end of December 31 and, previously, had been consolidated based on its consolidated financial statements as of the end of each immediately preceding quarterly reporting period. However, from the perspective of providing financial information in a more timely manner, MUFG has decided to consolidate Krungsri based on a provisional closing of accounts of Krungsri to be implemented as of MUFG’s quarterly reporting period, effective from the three months ended June 30, 2024.

Accordingly, for the three months ended June 30, 2024, Krungsri’s financial results for the six-month period from January 1, 2024 to June 30, 2024 have been consolidated based on a provisional closing of accounts of Krungsri, and the impact of implementation of such provisional closing of accounts has been reflected through MUFG’s consolidated statement of income.

Concerning Krungsri’s financial results for the period from January 1, 2024 to March 31, 2024, ordinary income was ¥224,478 million, ordinary profits were ¥37,233 million, and profits before income taxes were ¥37,033 million.

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2024


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

2. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the “FRA”)	[MUFG Consolidated] [BK and TB Combined including Trust Account] [BK Non-consolidated][TB Non-consolidated] [TB Non-consolidated : Trust Account]	5

3. Securities	[MUFG Consolidated] [BK Non-consolidated][TB Non-consolidated]	6

4. ROE	[MUFG Consolidated]	9

5. Average Interest Rate Spread	[BK and TB Combined] [BK Non-consolidated][TB Non-consolidated]	10

6. Loans and Deposits	[BK and TB Combined] [BK Non-consolidated][TB Non-consolidated]	11

7. Statements of Trust Assets and Liabilities	[TB Non-consolidated]	12

(*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.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2024 (A)			June 30, 2023 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,535,602			1,241,301			294,300
Gross profits before credit costs for trust accounts		1,535,602			1,241,301			294,300
Net interest income		823,128			584,190			238,937
Trust fees		35,189			33,215			1,974
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		447,944			368,208			79,735
Net trading profits		108,099			109,103			(1,003	)
Net other operating profits		121,240			146,584			(25,343	)
Net gains (losses) on debt securities		(12,680	)		49,804			(62,485	)
General and administrative expenses		857,451			684,692			172,759
Amortization of goodwill		9,348			4,324			5,023
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		687,499			560,933			126,565
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		678,151			556,609			121,541
Provision for general allowance for credit losses (2)		(30,593	)		392			(30,985	)
Net operating profits*1		647,557			557,001			90,556
Net non-recurring gains (losses)		85,801			168,584			(82,782	)
Credit costs (3)		(171,333	)		(69,169	)		(102,163	)
Losses on loan write-offs		(75,291	)		(30,435	)		(44,855	)
Provision for specific allowance for credit losses		(96,031	)		(39,086	)		(56,945	)
Other credit costs		(10	)		352			(362	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		2,713			1,531			1,181
Gains on loans written-off (6)		32,449			25,602			6,846
Net gains (losses) on equity securities		55,672			43,765			11,906
Gains on sales of equity securities		62,275			46,786			15,489
Losses on sales of equity securities		(5,032	)		(1,595	)		(3,436	)
Losses on write-down of equity securities		(1,571	)		(1,424	)		(146	)
Equity in earnings of equity method investees		143,090			199,921			(56,831	)
Other non-recurring gains (losses)		23,210			(33,067	)		56,277

Ordinary profits		733,359			725,585			7,773

Net extraordinary gains (losses)		2,703			(22,524	)		25,227
Net gains (losses) on disposition of fixed assets		5,533			3,307			2,225
Losses on impairment of fixed assets		(2,626	)		(3,596	)		970
Losses on change in equity		—			(22,058	)		22,058
Profits before income taxes		736,062			703,061			33,001
Income taxes-current		135,758			104,058			31,700
Income taxes-deferred		18,027			23,442			(5,414	)
Total taxes		153,786			127,500			26,285
Profits		582,276			575,560			6,715
Profits attributable to non-controlling interests		26,382			17,171			9,210

Profits attributable to owners of parent		555,894			558,389			(2,495	)

Note:
*1. 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)		(166,763	)		(41,643	)		(125,120	)

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2024 (A)			June 30, 2023 (B)			Increase (Decrease) (A) - (B)
Gross profits		833,219			838,786			(5,567	)
Gross profits before credit costs for trust accounts		833,219			838,786			(5,567	)
Net interest income		484,432			478,939			5,492
Trust fees		30,103			28,805			1,297
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		189,937			170,318			19,618
Net trading profits		1,833			45,122			(43,288	)
Net other operating profits		126,913			115,600			11,313
Net gains (losses) on debt securities		(12,739	)		50,014			(62,754	)
General and administrative expenses		405,334			374,056			31,277
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		427,885			464,730			(36,845	)
Provision for general allowance for credit losses (2)		(29,172	)		(61	)		(29,110	)
Net operating profits		398,712			464,668			(65,955	)
Net non-recurring gains (losses)		51,078			24,983			26,094
Credit costs (3)		(13,321	)		(4,294	)		(9,026	)
Reversal of allowance for credit losses (4)		—			9,345			(9,345	)
Reversal of reserve for contingent losses included in credit costs (5)		2,689			2,248			440
Gains on loans written-off (6)		2,553			6,954			(4,401	)
Net gains (losses) on equity securities		52,329			41,711			10,617
Gains on sales of equity securities		58,247			45,144			13,102
Losses on sales of equity securities		(3,282	)		(1,740	)		(1,542	)
Losses on write-down of equity securities		(2,636	)		(1,693	)		(942	)
Other non-recurring gains (losses)		6,827			(30,981	)		37,809

Ordinary profits		449,790			489,651			(39,860	)

Net extraordinary gains (losses)		5,708			6,438			(730	)
Income before income taxes		455,499			496,090			(40,591	)
Income taxes-current		101,625			83,540			18,085
Income taxes-deferred		(7,360	)		(9,078	)		1,718
Total taxes		94,265			74,461			19,803

Net income		361,233			421,628			(60,394	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(37,251	)		14,192			(51,443	)
Credit costs for trust accounts		—			—			—
Provision for general allowance for credit losses		(29,172	)		15,977			(45,150	)
Provision for special allowance for credit losses		(7,476	)		(6,967	)		(509	)
Allowance for credit to specific foreign borrowers		235			273			(38	)
Losses on loans write-offs		(5,834	)		(4,373	)		(1,461	)
Provision for contingent losses included in credit costs		2,689			2,248			440
Gains on loans written-off		2,553			6,954			(4,401	)
Losses on sales of other loans, etc.		(245	)		78			(323	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		440,624			414,715			25,909
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		343,692			359,961			(16,269	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2024 (A)			June 30, 2023 (B)			Increase (Decrease) (A) - (B)
Gross profits		706,691			757,922			(51,230	)
Net interest income		410,152			448,113			(37,961	)
Net fees and commissions		166,126			150,103			16,023
Net trading profits		27,501			31,704			(4,202	)
Net other operating profits		102,910			128,001			(25,090	)
Net gains (losses) on debt securities		(9,491	)		44,412			(53,903	)
General and administrative expenses		352,363			320,523			31,840
Amortization of goodwill		994			941			53
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		355,322			438,340			(83,017	)
Net operating profits before provision for general allowance for credit losses		354,327			437,399			(83,071	)
Provision for general allowance for credit losses (1)		(29,102	)		—			(29,102	)
Net operating profits		325,225			437,399			(112,173	)
Net non-recurring gains (losses)		35,001			32,647			2,354
Credit costs (2)		(13,321	)		(4,294	)		(9,026	)
Reversal of allowance for credit losses (3)		—			9,345			(9,345	)
Reversal of reserve for contingent losses included in credit costs (4)		2,537			2,185			352
Gains on loans written-off (5)		2,552			6,954			(4,402	)
Net gains (losses) on equity securities		40,866			33,554			7,311
Gains on sales of equity securities		45,546			36,285			9,260
Losses on sales of equity securities		(3,278	)		(1,694	)		(1,583	)
Losses on write-down of equity securities		(1,401	)		(1,036	)		(364	)
Other non-recurring gains (losses)		2,366			(15,098	)		17,464
Ordinary profits		360,226			470,046			(109,819	)
Net extraordinary gains (losses)		5,721			6,478			(757	)
Income before income taxes		365,947			476,524			(110,576	)
Income taxes-current		96,856			82,498			14,358
Income taxes-deferred		(13,606	)		(10,832	)		(2,774	)
Total taxes		83,250			71,666			11,583

Net income		282,697			404,858			(122,160	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(37,334	)		14,190			(51,524	)
Provision for general allowance for credit losses		(29,102	)		16,039			(45,142	)
Provision for special allowance for credit losses		(7,476	)		(6,967	)		(509	)
Allowance for credit to specific foreign borrowers		235			273			(38	)
Losses on loans write-off		(5,834	)		(4,373	)		(1,461	)
Provision for contingent losses included in credit costs		2,537			2,185			352
Gains on loans written-off		2,552			6,954			(4,402	)
Losses on sales of other loans, etc.		(245	)		78			(323	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities		363,819			392,986			(29,167	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		282,498			359,618			(77,119	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2024 (A)			June 30, 2023 (B)			Increase (Decrease) (A) - (B)
Gross profits		126,527			80,864			45,663
Gross profits before credit costs for trust accounts		126,527			80,864			45,663
Trust fees		30,103			28,805			1,297
Credit costs for trust accounts (1)		—			—			—
Net interest income		74,279			30,825			43,453
Net fees and commissions		23,810			20,215			3,594
Net trading profits		(25,667	)		13,417			(39,085	)
Net other operating profits		24,002			(12,400	)		36,403
Net gains (losses) on debt securities		(3,248	)		5,602			(8,850	)
General and administrative expenses		52,970			53,533			(562	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		73,557			27,331			46,226
Provision for general allowance for credit losses (2)		(69	)		(61	)		(7	)
Net operating profits		73,487			27,269			46,218
Net non-recurring gains (losses)		16,077			(7,663	)		23,740
Credit costs (3)		—			—			—
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		151			63			88
Gains on loans written-off (6)		1			0			0
Net gains (losses) on equity securities		11,462			8,156			3,306
Gains on sales of equity securities		12,701			8,858			3,842
Losses on sales of equity securities		(4	)		(45	)		41
Losses on write-down of equity securities		(1,234	)		(656	)		(578	)
Other non-recurring gains (losses)		4,461			(15,883	)		20,345
Ordinary profits		89,564			19,605			69,958
Net extraordinary gains (losses)		(12	)		(39	)		26
Income before income taxes		89,551			19,565			69,985
Income taxes-current		4,768			1,042			3,726
Income taxes-deferred		6,246			1,753			4,493
Total taxes		11,015			2,795			8,220

Net income		78,536			16,770			61,765


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		82			1			81
Credit costs for trust accounts		—			—			—
Provision for general allowance for credit losses		(69	)		(61	)		(7	)
Provision for special allowance for credit losses		—			—			—
Allowance for credit to specific foreign borrowers		—			—			—
Losses on loans write-offs		—			—			—
Provision for contingent losses included in credit costs		151			63			88
Gains on loans written-off		1			0			0
Losses on sales of other loans, etc.		—			—			—
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		76,805			21,728			55,076
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		61,193			343			60,850

Mitsubishi UFJ Financial Group, Inc.

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

MUFG Consolidated

(after write-offs)


	(in millions of yen)
	As of June 30, 2024			As of March 31, 2024
Bankrupt or De facto Bankrupt		288,969			239,004
Doubtful		1,181,787			1,134,503
Special Attention		654,347			634,023
Accruing loans contractually past due 3 months or more		28,132			26,869
Restructured loans		626,215			607,154
Subtotal (A)		2,125,103			2,007,531
Normal(B)		136,265,877			130,602,373
Total loans (C=A+B)		138,390,981			132,609,905
Non-performing loans ratio (A)/(C)		1.53	%		1.51	%

BK and TB Combined including Trust Account

(after write-offs)


	(in millions of yen)
	As of June 30, 2024			As of March 31, 2024
Bankrupt or De facto Bankrupt		71,488			77,265
Doubtful		936,081			904,052
Special Attention		495,794			478,331
Accruing loans contractually past due 3 months or more		19,961			19,163
Restructured loans		475,832			459,167
Subtotal (A)		1,503,365			1,459,649
Normal(B)		121,539,785			116,726,530
Total loans (C=A+B)		123,043,150			118,186,179
Non-performing loans ratio (A)/(C)		1.22	%		1.23	%

BK Non-consolidated

(after write-offs)


	(in millions of yen)
	As of June 30, 2024			As of March 31, 2024
Bankrupt or De facto Bankrupt		71,434			77,210
Doubtful		934,735			902,706
Special Attention		495,794			478,331
Accruing loans contractually past due 3 months or more		19,961			19,163
Restructured loans		475,832			459,167
Subtotal (A)		1,501,963			1,458,248
Normal(B)		118,833,056			114,178,105
Total loans (C=A+B)		120,335,020			115,636,353
Non-performing loans ratio (A)/(C)		1.24	%		1.26	%

TB Non-consolidated

(after write-offs)


	(in millions of yen)
	As of June 30, 2024			As of March 31, 2024
Bankrupt or De facto Bankrupt		54			54
Doubtful		1,346			1,346
Special Attention		—			—
Accruing loans contractually past due 3 months or more		—			—
Restructured loans		—			—
Subtotal (A)		1,401			1,401
Normal(B)		2,703,803			2,545,305
Total loans (C=A+B)		2,705,204			2,546,706
Non-performing loans ratio (A)/(C)		0.05	%		0.05	%

TB Non-consolidated: Trust Account

(after write-offs)


	(in millions of yen)
	As of June 30, 2024		As of March 31, 2024
Bankrupt or De facto Bankrupt		—		—
Doubtful		—		—
Special Attention		—		—
Accruing loans contractually past due 3 months or more		—		—
Restructured loans		—		—
Subtotal (A)		—		—
Normal(B)		2,926		3,119
Total loans (C=A+B)		2,926		3,119
Non-performing loans ratio (A)/(C)		—		—

Mitsubishi UFJ Financial Group, Inc.

3. 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”.


	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount on consolidated balance sheet		Unrealized gains (losses)			Amount on consolidated balance sheet		Unrealized gains (losses)
Debt securities being held to maturity		24,639,170		(441,859	)		24,843,961		(286,447	)
Domestic bonds		16,949,130		(233,812	)		17,310,411		(107,223	)
Government bonds		14,040,964		(188,005	)		14,643,055		(90,759	)
Municipal bonds		2,099,446		(38,356	)		1,999,181		(14,279	)
Short-term corporate bonds		—		—			—		—
Corporate bonds		808,719		(7,449	)		668,174		(2,184	)
Other		7,690,039		(208,046	)		7,533,549		(179,224	)
Foreign bonds		5,282,703		(208,949	)		4,952,083		(176,384	)
Other		2,407,335		902			2,581,465		(2,839	)

	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount on consolidated balance sheet		Unrealized gains (losses)			Amount on consolidated balance sheet		Unrealized gains (losses)
Available-for-sale securities		55,310,397		2,403,627			61,736,341		2,725,841
Domestic equity securities		4,937,592		3,618,423			5,101,691		3,758,884
Domestic bonds		20,673,007		(177,864	)		25,074,644		(129,949	)
Government bonds		17,458,420		(90,827	)		21,365,241		(70,791	)
Municipal bonds		926,699		(13,535	)		1,045,990		(9,573	)
Short-term corporate bonds		—		—			—		—
Corporate bonds		2,287,888		(73,501	)		2,663,412		(49,584	)
Other		29,699,797		(1,036,931	)		31,560,005		(903,093	)
Foreign equity securities		738,420		(21,505	)		709,565		12,752
Foreign bonds		19,908,126		(1,100,614	)		20,990,483		(997,307	)
Other		9,053,250		85,189			9,859,956		81,461

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”.


	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount on balance sheet		Unrealized gains (losses)			Amount on balance sheet		Unrealized gains (losses)
Debt securities being held to maturity		22,092,613		(413,850	)		22,209,137		(260,977	)
Stocks of subsidiaries and affiliates		685,374		486,631			685,292		563,814

	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount on balance sheet		Unrealized gains (losses)			Amount on balance sheet		Unrealized gains (losses)
Available-for-sale securities		38,544,562		2,207,170			45,454,390		2,491,997
Domestic equity securities		4,175,751		3,013,239			4,310,320		3,134,194
Domestic bonds		18,592,899		(99,024	)		23,310,014		(71,482	)
Other		15,775,911		(707,044	)		17,834,055		(570,714	)
Foreign equity securities		683,882		(37,382	)		669,182		1,235
Foreign bonds		8,920,668		(622,137	)		10,234,364		(554,058	)
Other		6,171,360		(47,524	)		6,930,507		(17,891	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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


	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount on balance sheet		Unrealized gains (losses)			Amount on balance sheet		Unrealized gains (losses)
Debt securities being held to maturity		2,546,556		(28,008	)		2,634,823		(25,470	)
Stocks of subsidiaries and affiliates		21,136		(1,545	)		15,136		(1,477	)

	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount on balance sheet		Unrealized gains (losses)			Amount on balance sheet		Unrealized gains (losses)
Available-for-sale securities		12,667,073		306,292			12,453,511		348,078
Domestic equity securities		826,512		594,154			858,572		619,081
Domestic bonds		2,069,696		(77,405	)		1,746,579		(58,581	)
Other		9,770,863		(210,456	)		9,848,360		(212,421	)
Foreign equity securities		138		86			126		77
Foreign bonds		7,765,570		(336,440	)		7,819,817		(306,146	)
Other		2,005,154		125,897			2,028,416		93,647

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the three months ended June 30, 2024		For the three months ended June 30, 2023
ROE (MUFG basis) *1		11.94		13.15
ROE (JPX basis) *2		11.18		12.65

Note:

ROE (MUFG basis) is computed as follows:

Profits attributable to owners of parent × 4

×100

{(Total shareholders’ equity at the beginning of the period + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period + Foreign currency translation adjustments at the end of the period)} / 2

Japan Exchange Group

Mitsubishi UFJ Financial Group, Inc.

5. Average Interest Rate Spread

BK and TB Combined


	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2024		For the three months ended June 30, 2023
Average interest rate on loans and bills discounted		0.82		0.77
Average interest rate on deposits and NCD		0.01		0.00
Interest rate spread		0.80		0.76

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.87		0.79
Interest rate spread		0.86		0.79

BK Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2024		For the three months ended June 30, 2023
Average interest rate on loans and bills discounted		0.82		0.77
Average interest rate on deposits and NCD		0.01		0.00
Interest rate spread		0.81		0.77

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.88		0.79
Interest rate spread		0.86		0.79

TB Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2024		For the three months ended June 30, 2023
Average interest rate on loans and bills discounted		0.64		0.55
Average interest rate on deposits and NCD		0.05		0.01
Interest rate spread		0.59		0.53

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.74		0.71
Interest rate spread		0.68		0.69

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of June 30, 2024		As of March 31, 2024
Deposits (ending balance)		216,185,916		212,813,930
Deposits (average balance)		220,080,543		210,432,802
Loans (ending balance)		110,893,207		105,665,210
Loans (average balance)		111,598,183		106,241,940

	(in millions of yen)
	As of June 30, 2024		As of March 31, 2024
Domestic deposits (ending balance)*		179,262,228		176,277,713
Individuals		93,897,872		92,726,562

Note:

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

BK Non-consolidated


	(in millions of yen)
	As of June 30, 2024		As of March 31, 2024
Deposits (ending balance)		202,671,017		200,064,588
Deposits (average balance)		206,171,143		198,236,443
Loans (ending balance)		108,533,851		103,444,984
Loans (average balance)		109,291,416		103,937,886

	(in millions of yen)
	As of June 30, 2024		As of March 31, 2024
Domestic deposits (ending balance)*		167,776,095		165,845,921
Individuals		87,874,813		86,762,670

Note:

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

TB Non-consolidated


	(in millions of yen)
	As of June 30, 2024		As of March 31, 2024
Deposits (ending balance)		13,514,899		12,749,342
Deposits (average balance)		13,909,399		12,196,358
Loans (ending balance)		2,359,356		2,220,225
Loans (average balance)		2,306,766		2,304,054

	(in millions of yen)
	As of June 30, 2024		As of March 31, 2024
Domestic deposits (ending balance)*		11,486,132		10,431,792
Individuals		6,023,059		5,963,892

Note:

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

Mitsubishi UFJ Financial Group, Inc.

7.	Statements of Trust Assets and Liabilities

TB Non-consolidated

Including trust assets under service-shared co-trusteeship


(in millions of yen)	As of March 31, 2024		As of June 30, 2024
Assets:
Loans and bills discounted		1,569,969		1,385,976
Securities		80,134,164		79,193,372
Beneficiary rights to the trust		145,116,404		151,244,738
Securities held in custody accounts		3,886,180		3,750,154
Monetary claims		34,138,163		34,310,899
Tangible fixed assets		22,750,084		23,337,389
Intangible fixed assets		186,122		196,622
Other claims		3,312,930		3,551,563
Call loans		4,455,397		4,177,008
Due from banking account		6,170,680		4,729,054
Cash and due from banks		6,181,323		7,042,576

Total		307,901,420		312,919,355

Liabilities:
Money trusts		37,371,516		35,030,348
Pension trusts		12,760,480		12,594,662
Property formation benefit trusts		5,738		5,528
Investment trusts		145,025,458		150,024,421
Money entrusted other than money trusts		7,167,100		7,403,766
Securities trusts		6,145,365		6,111,619
Monetary claim trusts		29,767,810		29,760,019
Equipment trusts		226,799		275,226
Land and fixtures trusts		18,425		18,367
Composite trusts		69,412,725		71,695,395

Total		307,901,420		312,919,355


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 26,247 millions of yen as of March 31, 2024 and 35,454 millions of yen as of June 30, 2024, respectively.

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