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

2/12/25 6:04:04 AM ET

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6-K 1 d916039d6k.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 February 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: February 12, 2025


Mitsubishi UFJ Financial Group, Inc.

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

February 12, 2025


				Company name:		Mitsubishi UFJ Financial Group, Inc.

				Representative:		Hironori Kamezawa,
						President & Group CEO

				Stock exchange listings:		Tokyo, Nagoya, New York
						(Code number 8306)

				For Inquiry:		Masahisa Takahashi
						Managing Director,
				Head of Financial Accounting and Reporting,
				Financial Accounting Office, Financial Planning Division
						TEL +81-50-3613-1179

Consolidated Summary Report for the nine months ended December 31, 2024

<under Japanese GAAP>

(Completion of the interim review by certified public accountants or an audit firm)

Tokyo, February 12, 2025 — Mitsubishi UFJ Financial Group, Inc. today announced that the interim review of the quarterly consolidated financial statements for the nine months ended December 31, 2024, of the Japanese-language original version, conducted by certified public accountants or an audit firm under Japanese GAAP, which were disclosed on February 4, 2025, has been completed. Furthermore, there have been no changes to the quarterly consolidated financial statements announced on February 4, 2025.

- End -

LOGO

Consolidated Summary Report

for the nine months ended December 31, 2024

February 12, 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
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 Nine Months ended December 31, 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 nine months ended
December 31, 2024		10,277,584		20.8		2,421,937		34.4		1,748,939		34.7
December 31, 2023		8,507,676		25.2		1,801,867		112.3		1,297,916		278.2

(*)	Comprehensive income

December 31, 2024: 1,684,256 million yen, (28.9)%; December 31, 2023: 2,368,560 million yen, 416.2%


	Basic earnings per share		Diluted earnings per share
	yen		yen
For the nine months ended
December 31, 2024		149.85		149.42
December 30, 2023		108.04		107.78

(2)	Financial Conditions


	Total Assets		Total Net Assets		Equity-to-asset *ratio ()**
	million yen		million yen		%
As of
December 31, 2024		413,193,210		21,622,461		4.9
March 31, 2024		403,703,147		20,746,978		4.9

(Reference) Shareholders’ equity as of December 31, 2024: 20,381,805 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 March 31, 2025		—		25.00		—
ending March 31, 2025 (Forecast)								35.00		60.00

(*)	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 1,750.0 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 November 14, 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:	December 31, 2024	12,067,710,920 shares
	March 31, 2024	12,337,710,920 shares
(B) Treasury stocks:	December 31, 2024	467,199,238 shares
	March 31, 2024	611,522,914 shares
(C) Average outstanding stocks:	Nine months ended December 31, 2024	11,671,236,948 shares
	Nine months ended December 31, 2023	12,013,210,809 shares

ø Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes (voluntary)

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 Nine Months Ended December 31, 2024”

Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

The subject matter is described in the “Financial Highlights” disclosed on February 4, 2025, which is available on our website at https://www.mufg.jp/english/ir/fs/index.html.

The information is posted under the Financial Information, FY2024 (Fisical Year Ending Mar.2025) JGAAP, Third Quarter, on the above website.

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 December 31, 2024
Assets:
Cash and due from banks		109,875,097			106,776,532
Call loans and bills bought		720,879			1,004,712
Receivables under resale agreements		18,367,908			17,798,279
Receivables under securities borrowing transactions		5,010,399			4,617,202
Monetary claims bought		7,786,978			7,270,470
Trading assets		20,886,546			24,805,554
Money held in trust		1,270,815			1,201,960
Securities		86,878,589			86,445,211
Loans and bills discounted		116,825,660			124,380,901
Foreign exchanges		2,496,308			2,049,663
Other assets		17,912,498			20,298,688
Tangible fixed assets		1,229,007			1,221,936
Intangible fixed assets		1,671,372			1,902,341
Net defined benefit assets		1,982,502			2,054,309
Deferred tax assets		156,673			154,342
Customers’ liabilities for acceptances and guarantees		12,167,164			12,664,258
Allowance for credit losses		(1,535,253	)		(1,453,155	)

Total assets		403,703,147			413,193,210

Liabilities:
Deposits		224,035,035			226,238,615
Negotiable certificates of deposit		16,555,451			18,461,820
Call money and bills sold		5,125,583			4,415,103
Payables under repurchase agreements		35,482,072			40,850,964
Payables under securities lending transactions		1,047,194			816,852
Commercial papers		3,105,779			3,326,424
Trading liabilities		16,729,760			17,844,603
Borrowed money		25,955,961			24,429,142
Foreign exchanges		3,465,919			3,228,719
Short-term bonds payable		1,211,769			1,282,445
Bonds payable		16,303,298			15,225,831
Due to trust accounts		7,387,495			4,898,108
Other liabilities		13,312,715			17,057,381
Reserve for bonuses		243,372			166,047
Reserve for bonuses to directors		2,629			2,835
Reserve for stocks payment		13,331			9,158
Net defined benefit liabilities		102,155			110,778
Reserve for retirement benefits to directors		822			825
Reserve for loyalty award credits		17,809			8,818
Reserve for contingent losses		133,860			112,092
Reserves under special laws		5,058			5,324
Deferred tax liabilities		465,295			330,928
Deferred tax liabilities for land revaluation		86,631			83,667
Acceptances and guarantees		12,167,164			12,664,258

Total liabilities		382,956,169			391,570,748

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2024			As of December 31, 2024
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		83,623			—
Retained earnings		13,791,608			14,800,924
Treasury stock		(613,823	)		(543,998	)

Total shareholders’ equity		15,402,921			16,398,439

Net unrealized gains (losses) on available-for-sale securities		1,534,094			1,044,161
Net deferred gains (losses) on hedging instruments		(687,476	)		(807,928	)
Land revaluation excess		133,967			126,786
Foreign currency translation adjustments		2,762,818			3,220,511
Remeasurements of defined benefit plans		507,085			465,053
Debt value adjustments of foreign subsidiaries and affiliates		(65,435	)		(67,862	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates		—			2,643

Total accumulated other comprehensive income		4,185,052			3,983,366

Subscription rights to shares		0			9
Non-controlling interests		1,159,003			1,240,647

Total net assets		20,746,978			21,622,461

Total liabilities and net assets		403,703,147			413,193,210

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 nine months ended December 31, 2023		For the nine months ended December 31, 2024
Ordinary income		8,507,676		10,277,584
Interest income		5,344,025		6,483,557
Interest on loans and bills discounted		2,867,982		3,282,823
Interest and dividends on securities		978,341		1,225,699
Trust fees		102,167		107,504
Fees and commissions		1,453,913		1,725,244
Trading income		321,122		288,130
Other operating income		520,845		470,870
Other ordinary income		765,601		1,202,276
Ordinary expenses		6,705,809		7,855,646
Interest expenses		3,544,271		4,309,559
Interest on deposits		1,365,975		1,679,732
Fees and commissions		270,981		312,429
Other operating expenses		307,919		331,999
General and administrative expenses		2,123,572		2,361,816
Other ordinary expenses		459,065		539,842

Ordinary profits		1,801,867		2,421,937

Extraordinary gains		17,172		11,692
Gains on disposition of fixed assets		17,055		11,692
Gains on change in equity		117		—
Extraordinary losses		58,326		27,535
Losses on disposition of fixed assets		9,727		7,296
Losses on impairment of fixed assets		26,037		16,949
Provision for reserve for contingent liabilities from financial instruments transactions		503		266
Losses on sales of shares of subsidiaries		—		3,023
Losses on change in equity		22,058		—

Profits before income taxes		1,760,712		2,406,094

Income taxes-current		351,264		432,990
Income taxes-deferred		55,946		147,449

Total taxes		407,210		580,440

Profits		1,353,501		1,825,654

Profits attributable to non-controlling interests		55,585		76,714

Profits attributable to owners of parent		1,297,916		1,748,939

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the nine months ended December 31, 2023			For the nine months ended December 31, 2024
Profits		1,353,501			1,825,654
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		366,709			(502,465	)
Net deferred gains (losses) on hedging instruments		(203,233	)		(115,304	)
Foreign currency translation adjustments		649,146			348,360
Remeasurements of defined benefit plans		(21,193	)		(42,233	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates		—			3,198
Share of other comprehensive income of associates accounted for using equity method		223,630			167,047

Total other comprehensive income		1,015,058			(141,397	)

Comprehensive income		2,368,560			1,684,256

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		2,276,962			1,556,329
Comprehensive income attributable to non-controlling interests		91,597			127,926

Mitsubishi UFJ Financial Group, Inc.

(3) Changes in Accounting Policies

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

Accounting Standards 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 Bank of Ayudhya Public Company Limited (“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 nine months ended December 31, 2024, and has changed its reporting segments to the current segmentation based on the reorganized business groups.

In addition, from the nine months ended December 31, 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 nine months ended December 31, 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 nine months ended December 31, 2023


	(in millions of yen)
	For the nine months ended December 31, 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	¥	617,389	¥	436,912	¥	686,405	¥	488,538	¥	308,791	¥	609,912	¥	3,147,949	¥	442,848	¥	25,627		¥	3,616,425
Operating expenses		464,872		305,051		270,682		270,838		220,985		299,642		1,832,071		220,996		70,185			2,123,253

Operating profit (loss)	¥	152,517	¥	131,861	¥	415,722	¥	217,699	¥	87,806	¥	310,270	¥	1,315,878	¥	221,852	¥	(44,557	)	¥	1,493,172

(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 nine months ended December 31, 2024


	(in millions of yen)
	For the nine months ended December 31, 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	¥	688,587	¥	518,897	¥	773,397	¥	803,119	¥	371,334	¥	719,465	¥	3,874,801	¥	268,065	¥	(26,262	)	¥	4,116,604
Operating expenses		493,659		318,013		286,526		431,652		268,479		330,392		2,128,724		233,452		60,199			2,422,376

Operating profit (loss)	¥	194,927	¥	200,884	¥	486,870	¥	371,466	¥	102,854	¥	389,072	¥	1,746,076	¥	34,612	¥	(86,461	)	¥	1,694,227

(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 nine-month period


Operating profit	For the nine months ended December 31, 2023			For the nine months ended December 31, 2024
Total operating profit of reporting segments		1,493,172			1,694,227
Operating profit of consolidated subsidiaries excluded from reporting segments		42			(530	)
Provision for general allowance for credit losses		(96,322	)		72,070
Credit related expenses		(242,720	)		(412,521	)
Gains on reversal of reserve for contingent losses included in credit costs		—			5,383
Gains on loans written-off		75,426			84,061
Net gains on equity securities and other securities		227,456			488,176
Equity in earnings of the equity method investees		361,891			428,147
Others		(17,078	)		62,922

Ordinary profit in the consolidated statement of income		1,801,867			2,421,937

(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 nine-month periods ended December 31, 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 nine months ended December 31,
	2023		2024
Depreciation	¥	248,481	¥	284,249
Amortization of goodwill		15,688		27,297

(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 nine months ended December 31, 2024, Krungsri’s financial results for the twelve-month period from January 1, 2024 to December 31, 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 ¥238,894 million, ordinary profits were ¥39,624 million, and profits before income taxes were ¥39,411 million.

Selected Financial Information

under Japanese GAAP

For the Nine Months Ended December 31, 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 nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2024 (A)			December 31, 2023 (B)			Increase (Decrease) (A) - (B)
Gross profits		4,121,388			3,619,126			502,261
Gross profits before credit costs for trust accounts		4,121,385			3,619,126			502,258
Net interest income		2,174,066			1,799,977			374,089
Trust fees		107,504			102,167			5,336
Credit costs for trust accounts (1)		2			0			2
Net fees and commissions		1,412,815			1,182,932			229,883
Net trading profits		288,130			321,122			(32,992	)
Net other operating profits		138,871			212,926			(74,055	)
Net gains (losses) on debt securities		(221,178	)		(197,028	)		(24,149	)
General and administrative expenses		2,406,698			2,098,861			307,836
Amortization of goodwill		27,297			15,688			11,609
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		1,741,984			1,535,953			206,031
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		1,714,687			1,520,264			194,422
Provision for general allowance for credit losses (2)		72,070			(96,322	)		168,392
Net operating profits*1		1,786,760			1,423,942			362,817
Net non-recurring gains (losses)		635,177			377,924			257,252
Credit costs (3)		(412,521	)		(242,720	)		(169,800	)
Losses on loan write-offs		(222,381	)		(119,478	)		(102,903	)
Provision for specific allowance for credit losses		(197,390	)		(116,192	)		(81,197	)
Other credit costs		7,250			(7,049	)		14,300
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		5,383			—			5,383
Gains on loans written-off (6)		84,061			75,426			8,635
Net gains (losses) on equity securities		488,176			227,456			260,720
Gains on sales of equity securities		529,322			245,665			283,656
Losses on sales of equity securities		(21,564	)		(12,558	)		(9,005	)
Losses on write-down of equity securities		(19,581	)		(5,650	)		(13,930	)
Equity in earnings of equity method investees		428,147			361,891			66,256
Other non-recurring gains (losses)		41,929			(44,128	)		86,057

Ordinary profits		2,421,937			1,801,867			620,070

Net extraordinary gains (losses)		(15,842	)		(41,154	)		25,311
Net gains (losses) on disposition of fixed assets		4,396			7,327			(2,931	)
Losses on impairment of fixed assets		(16,949	)		(26,037	)		9,088
Losses on sales of shares of subsidiaries		(3,023	)		—			(3,023	)
Net gains (losses) on change in equity		—			(21,941	)		21,941
Profits before income taxes		2,406,094			1,760,712			645,382
Income taxes-current		432,990			351,264			81,725
Income taxes-deferred		147,449			55,946			91,503
Total taxes		580,440			407,210			173,229
Profits		1,825,654			1,353,501			472,152
Profits attributable to non-controlling interests		76,714			55,585			21,128

Profits attributable to owners of parent		1,748,939			1,297,916			451,023


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)		(251,003	)		(263,616	)		12,613

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2024 (A)			December 31, 2023 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,127,497			2,059,732			67,765
Gross profits before credit costs for trust accounts		2,127,494			2,059,731			67,763
Net interest income		1,290,200			1,209,140			81,059
Trust fees		93,495			88,419			5,075
Credit costs for trust accounts (1)		2			0			2
Net fees and commissions		615,914			532,346			83,567
Net trading profits		59,560			51,796			7,763
Net other operating profits		68,326			178,028			(109,701	)
Net gains (losses) on debt securities		(218,798	)		(196,066	)		(22,731	)
General and administrative expenses		1,175,534			1,104,063			71,471
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		951,959			955,668			(3,708	)
Provision for general allowance for credit losses (2)		(20	)		(80,608	)		80,588
Net operating profits		951,942			875,060			76,882
Net non-recurring gains (losses)		543,085			203,048			340,037
Credit costs (3)		(13,219	)		(25,868	)		12,648
Reversal of allowance for credit losses (4)		35,695			—			35,695
Reversal of reserve for contingent losses included in credit costs (5)		5,792			—			5,792
Gains on loans written-off (6)		9,537			18,428			(8,891	)
Net gains (losses) on equity securities		470,763			220,445			250,318
Gains on sales of equity securities		509,908			239,401			270,506
Losses on sales of equity securities		(19,745	)		(14,410	)		(5,335	)
Losses on write-down of equity securities		(19,398	)		(4,545	)		(14,853	)
Other non-recurring gains (losses)		34,517			(9,957	)		44,474

Ordinary profits		1,495,027			1,078,108			416,919

Net extraordinary gains (losses)		(12,382	)		(3,917	)		(8,464	)
Income before income taxes		1,482,645			1,074,190			408,454
Income taxes-current		317,148			257,089			60,059
Income taxes-deferred		52,718			(25,429	)		78,147
Total taxes		369,867			231,660			138,206

Net income		1,112,778			842,530			270,248


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		37,787			(88,048	)		125,835
Credit costs for trust accounts		2			0			2
Provision for general allowance for credit losses		63,589			(80,608	)		144,198
Provision for special allowance for credit losses		(37,825	)		(3,371	)		(34,453	)
Allowance for credit to specific foreign borrowers		9,819			10,619			(800	)
Losses on loans write-offs		(10,254	)		(14,400	)		4,146
Provision for contingent losses included in credit costs		5,792			(11,790	)		17,582
Gains on loans written-off		9,537			18,428			(8,891	)
Losses on sales of other loans, etc.		(2,874	)		(6,924	)		4,050
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		1,170,757			1,151,735			19,022
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		1,080,100			1,048,134			31,965

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2024 (A)			December 31, 2023 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,853,342			1,840,167			13,175
Net interest income		1,172,117			1,113,447			58,670
Net fees and commissions		534,245			463,398			70,847
Net trading profits		78,953			78,315			638
Net other operating profits		68,025			185,005			(116,980	)
Net gains (losses) on debt securities		(196,879	)		(159,368	)		(37,510	)
General and administrative expenses		1,020,820			946,431			74,388
Amortization of goodwill		2,754			2,755			(1	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		835,276			896,491			(61,214	)
Net operating profits before provision for general allowance for credit losses		832,522			893,735			(61,213	)
Provision for general allowance for credit losses (1)		—			(80,392	)		80,392
Net operating profits		832,522			813,342			19,179
Net non-recurring gains (losses)		410,971			173,513			237,457
Credit costs (2)		(13,129	)		(25,804	)		12,674
Reversal of allowance for credit losses (3)		35,695			—			35,695
Reversal of reserve for contingent losses included in credit costs (4)		5,449			—			5,449
Gains on loans written-off (5)		9,522			18,428			(8,905	)
Net gains (losses) on equity securities		352,987			176,145			176,842
Gains on sales of equity securities		386,618			191,076			195,541
Losses on sales of equity securities		(17,075	)		(12,394	)		(4,680	)
Losses on write-down of equity securities		(16,555	)		(2,536	)		(14,018	)
Other non-recurring gains (losses)		20,445			4,744			15,701

Ordinary profits		1,243,493			986,856			256,636

Net extraordinary gains (losses)		2,968			(604	)		3,573
Income before income taxes		1,246,461			986,251			260,210
Income taxes-current		269,007			234,790			34,217
Income taxes-deferred		45,150			(25,177	)		70,327
Total taxes		314,158			209,612			104,545

Net income		932,303			776,638			155,665


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		37,537			(87,769	)		125,306
Provision for general allowance for credit losses		63,609			(80,392	)		144,002
Provision for special allowance for credit losses		(37,734	)		(3,371	)		(34,362	)
Allowance for credit to specific foreign borrowers		9,819			10,619			(800	)
Losses on loans write-off		(10,254	)		(14,399	)		4,145
Provision for contingent losses included in credit costs		5,449			(11,727	)		17,177
Gains on loans written-off		9,522			18,428			(8,905	)
Losses on sales of other loans, etc.		(2,875	)		(6,924	)		4,049
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities		1,029,401			1,053,103			(23,702	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		950,843			1,023,868			(73,025	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2024 (A)			December 31, 2023 (B)			Increase (Decrease) (A) - (B)
Gross profits		274,155			219,564			54,590
Gross profits before credit costs for trust accounts		274,152			219,564			54,587
Trust fees		93,495			88,419			5,075
Credit costs for trust accounts (1)		2			0			2
Net interest income		118,083			95,693			22,389
Net fees and commissions		81,668			68,947			12,720
Net trading profits		(19,393	)		(26,518	)		7,125
Net other operating profits		301			(6,977	)		7,278
Net gains (losses) on debt securities		(21,918	)		(36,698	)		14,779
General and administrative expenses		154,714			157,631			(2,917	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		119,437			61,933			57,504
Provision for general allowance for credit losses (2)		(20	)		(216	)		195
Net operating profits		119,420			61,717			57,702
Net non-recurring gains (losses)		132,114			29,534			102,580
Credit costs (3)		(89	)		(63	)		(26	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		342			—			342
Gains on loans written-off (6)		15			0			14
Net gains (losses) on equity securities		117,775			44,300			73,475
Gains on sales of equity securities		123,289			48,324			74,965
Losses on sales of equity securities		(2,670	)		(2,015	)		(654	)
Losses on write-down of equity securities		(2,843	)		(2,008	)		(835	)
Other non-recurring gains (losses)		14,071			(14,702	)		28,773

Ordinary profits		251,534			91,251			160,282

Net extraordinary gains (losses)		(15,351	)		(3,312	)		(12,038	)
Income before income taxes		236,183			87,939			148,244
Income taxes-current		48,141			22,299			25,841
Income taxes-deferred		7,568			(251	)		7,820
Total taxes		55,709			22,047			33,661

Net income		180,474			65,891			114,582


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		249			(279	)		528
Credit costs for trust accounts		2			0			2
Provision for general allowance for credit losses		(20	)		(216	)		195
Provision for special allowance for credit losses		(91	)		0			(91	)
Allowance for credit to specific foreign borrowers		—			—			—
Losses on loans write-offs		—			(1	)		1
Provision for contingent losses included in credit costs		342			(62	)		405
Gains on loans written-off		15			0			14
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		141,356			98,631			42,725
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		129,256			24,265			104,990

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 December 31, 2024			As of March 31, 2024
Bankrupt or De facto Bankrupt		289,111			239,004
Doubtful		1,141,841			1,134,503
Special Attention		536,953			634,023
Accruing loans contractually past due 3 months or more		19,546			26,869
Restructured loans		517,406			607,154
Subtotal (A)		1,967,906			2,007,531

Normal(B)		138,175,664			130,602,373
Total loans (C=A+B)		140,143,570			132,609,905

Non-performing loans ratio (A)/(C)		1.40	%		1.51	%

BK and TB Combined including Trust Account

(after write-offs)


	(in millions of yen)
	As of December 31, 2024			As of March 31, 2024
Bankrupt or De facto Bankrupt		39,580			77,265
Doubtful		894,116			904,052
Special Attention		363,147			478,331
Accruing loans contractually past due 3 months or more		10,778			19,163
Restructured loans		352,369			459,167
Subtotal (A)		1,296,845			1,459,649

Normal(B)		123,590,690			116,726,530
Total loans (C=A+B)		124,887,535			118,186,179

Non-performing loans ratio (A)/(C)		1.03	%		1.23	%

BK Non-consolidated

(after write-offs)


	(in millions of yen)
	As of December 31, 2024			As of March 31, 2024
Bankrupt or De facto Bankrupt		39,541			77,210
Doubtful		893,151			902,706
Special Attention		363,147			478,331
Accruing loans contractually past due 3 months or more		10,778			19,163
Restructured loans		352,369			459,167
Subtotal (A)		1,295,840			1,458,248

Normal(B)		120,920,710			114,178,105
Total loans (C=A+B)		122,216,550			115,636,353

Non-performing loans ratio (A)/(C)		1.06	%		1.26	%

TB Non-consolidated (after write-offs)
	(in millions of yen)
	As of December 31, 2024			As of March 31, 2024
Bankrupt or De facto Bankrupt		38			54
Doubtful		965			1,346
Special Attention		—			—
Accruing loans contractually past due 3 months or more		—			—
Restructured loans		—			—
Subtotal (A)		1,004			1,401

Normal(B)		2,667,431			2,545,305
Total loans (C=A+B)		2,668,436			2,546,706

Non-performing loans ratio (A)/(C)		0.03	%		0.05	%

TB Non-consolidated: Trust Account (after write-offs)
	(in millions of yen)
	As of December 31, 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)		2,548			3,119
Total loans (C=A+B)		2,548			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 December 31, 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		23,105,278		(495,557	)		24,843,961		(286,447	)
Domestic bonds		16,292,110		(272,471	)		17,310,411		(107,223	)
Government bonds		12,969,411		(212,351	)		14,643,055		(90,759	)
Municipal bonds		2,394,624		(48,200	)		1,999,181		(14,279	)
Corporate bonds		928,073		(11,919	)		668,174		(2,184	)
Other		6,813,167		(223,085	)		7,533,549		(179,224	)
Foreign bonds		5,098,597		(229,295	)		4,952,083		(176,384	)
Other		1,714,569		6,209			2,581,465		(2,839	)

	(in millions of yen)
	As of December 31, 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		61,896,181		1,855,972			61,736,341		2,725,841
Domestic equity securities		3,998,872		2,866,920			5,101,691		3,758,884
Domestic bonds		21,568,397		(211,590	)		25,074,644		(129,949	)
Government bonds		18,770,294		(116,328	)		21,365,241		(70,791	)
Municipal bonds		744,838		(14,784	)		1,045,990		(9,573	)
Corporate bonds		2,053,263		(80,477	)		2,663,412		(49,584	)
Other		36,328,911		(799,357	)		31,560,005		(903,093	)
Foreign equity securities		704,281		78,819			709,565		12,752
Foreign bonds		26,203,792		(1,019,267	)		20,990,483		(997,307	)
Other		9,420,837		141,089			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 December 31, 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

21,128,892

(472,587

)

22,209,137

(260,977

)

Stocks of subsidiaries and affiliates

700,939

572,556

685,292

563,814

(in millions of yen)

As of December 31, 2024

As of March 31, 2024

Amount on
balance sheet

Unrealized
gains (losses)

Amount on
balance sheet

Unrealized
gains (losses)

Available-for-sale securities

45,000,374

1,737,901

45,454,390

2,491,997

Domestic equity securities

3,422,577

2,409,045

4,310,320

3,134,194

Domestic bonds

18,586,790

(127,342

)

23,310,014

(71,482

)

Other

22,991,006

(543,800

)

17,834,055

(570,714

)

Foreign equity securities

650,331

57,076

669,182

1,235

Foreign bonds

15,427,325

(616,159

)

10,234,364

(554,058

)

Other

6,913,349

15,281

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 December 31, 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		1,976,385		(22,970	)		2,634,823		(25,470	)
Stocks of subsidiaries and affiliates		19,189		(1,585	)		15,136		(1,477	)

	(in millions of yen)
	As of December 31, 2024					As of March 31, 2024
	Amount on balance sheet		Unrealized gains (losses)			Amount on balance sheet		Unrealized gains (losses)
Available-for-sale securities		12,551,621		213,388			12,453,511		348,078
Domestic equity securities		639,095		458,282			858,572		619,081
Domestic bonds		2,889,632		(84,350	)		1,746,579		(58,581	)
Other		9,022,893		(160,542	)		9,848,360		(212,421	)
Foreign equity securities		132		82			126		77
Foreign bonds		7,448,346		(278,367	)		7,819,817		(306,146	)
Other		1,574,415		117,742			2,028,416		93,647

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the nine months ended December 31, 2024		For the nine months ended December 31, 2023
ROE (MUFG basis) *1		12.34		9.99
ROE (JPX basis) *2		11.67		9.58

Note:

ROE (MUFG basis) is computed as follows:

Profits attributable to owners of parent × 4 / 3

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 nine months ended December 31, 2024		For the nine months ended December 31, 2023
Average interest rate on loans and bills discounted		0.83		0.78
Average interest rate on deposits and NCD		0.04		0.00
Interest rate spread		0.78		0.77

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.90		0.80
Interest rate spread		0.86		0.80

BK Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the nine months ended December 31, 2024		For the nine months ended December 31, 2023
Average interest rate on loans and bills discounted		0.83		0.78
Average interest rate on deposits and NCD		0.04		0.00
Interest rate spread		0.79		0.78

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.91		0.80
Interest rate spread		0.86		0.80

TB Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the nine months ended December 31, 2024		For the nine months ended December 31, 2023
Average interest rate on loans and bills discounted		0.72		0.55
Average interest rate on deposits and NCD		0.10		0.02
Interest rate spread		0.61		0.53

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.76		0.70
Interest rate spread		0.65		0.68

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of December 31, 2024		As of March 31, 2024
Deposits (ending balance)		213,260,748		212,813,930
Deposits (average balance)		217,057,134		210,432,802
Loans (ending balance)		112,833,048		105,665,210
Loans (average balance)		112,093,197		106,241,940

	(in millions of yen)
	As of December 31, 2024		As of March 31, 2024
Domestic deposits (ending balance)*		177,182,579		176,277,713
Individuals		95,112,198		92,726,562

Note:

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

BK Non-consolidated

	(in millions of yen)
	As of December 31, 2024		As of March 31, 2024
Deposits (ending balance)		199,535,508		200,064,588
Deposits (average balance)		203,198,811		198,236,443
Loans (ending balance)		110,443,404		103,444,984
Loans (average balance)		109,844,149		103,937,886

	(in millions of yen)
	As of December 31, 2024		As of March 31, 2024
Domestic deposits (ending balance)*		165,477,484		165,845,921
Individuals		89,000,990		86,762,670

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

TB Non-consolidated
	(in millions of yen)
	As of December 31, 2024		As of March 31, 2024
Deposits (ending balance)		13,725,239		12,749,342
Deposits (average balance)		13,858,322		12,196,358
Loans (ending balance)		2,389,644		2,220,225
Loans (average balance)		2,249,048		2,304,054

	(in millions of yen)
	As of December 31, 2024		As of March 31, 2024
Domestic deposits (ending balance)*		11,705,094		10,431,792
Individuals		6,111,208		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 December 31, 2024
Assets:
Loans and bills discounted		1,569,969		1,298,452
Securities		80,134,164		78,621,484
Beneficiary rights to the trust		145,116,404		167,162,044
Securities held in custody accounts		3,886,180		3,900,661
Monetary claims		34,138,163		36,446,178
Tangible fixed assets		22,750,084		24,142,769
Intangible fixed assets		186,122		204,319
Other claims		3,312,930		3,316,742
Call loans		4,455,397		5,221,724
Due from banking account		6,170,680		4,090,669
Cash and due from banks		6,181,323		6,748,610

Total		307,901,420		331,153,656

Liabilities:
Money trusts		37,371,516		36,340,947
Pension trusts		12,760,480		12,936,941
Property formation benefit trusts		5,738		5,182
Investment trusts		145,025,458		165,883,906
Money entrusted other than money trusts		7,167,100		6,830,175
Securities trusts		6,145,365		6,094,397
Monetary claim trusts		29,767,810		31,085,338
Equipment trusts		226,799		342,324
Land and fixtures trusts		18,425		18,365
Composite trusts		69,412,725		71,616,076

Total		307,901,420		331,153,656


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 34,155 millions of yen as of December 31, 2024, respectively.

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