[6-K] Mitsubishi UFJ Financial Group, Inc. Current Report (Foreign Issuer)

Q: What dividend does MUFG forecast for FY2026?

The group projects a total dividend of 楼70 per share , up from 楼64 in FY2025.

Q: Did MUFG change its full-year earnings guidance?

No. MUFG maintains its FY2026 target of 楼2.0 tn in profits attributable to owners of parent.

Q: How did credit costs evolve during the quarter?

Total credit costs improved to 鈭捖�46.9 bn , compared with 鈭捖�166.8 bn a year earlier, aided by reserve releases.

Q: What is MUFG's latest non-performing loan ratio?

The consolidated NPL ratio improved to 1.05 % , down from 1.11 % at March 31 2025.

Q: What happened to comprehensive income?

Comprehensive income fell sharply to 楼135.6 bn (-86 % YoY) due to lower securities and FX valuation gains.

[6-K] Mitsubishi UFJ Financial Group, Inc. Current Report (Foreign Issuer)

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

6-K

Rhea-AI Filing Summary

Mitsubishi UFJ Financial Group (MUFG) 鈥� Q1 FY25 (three months ended 30 Jun 2025, J-GAAP).

Ordinary income 楼3.254 tn -7.7 % YoY; ordinary profit 楼708.5 bn -3.4 %; profit attributable to owners 楼546.1 bn -1.8 %. Basic EPS virtually flat at 楼47.55.
Total assets fell to 楼401 tn (-3 % from Mar-25); equity-to-asset ratio steady at 5.0 %. NPL ratio improved to 1.05 % (1.11 %).
Segment net revenue slid to 楼1.37 tn (-11 %); operating profit 楼542 bn (-21 %). Trading income -25 % while credit costs improved by 楼120 bn to -楼46.9 bn.
Comprehensive income collapsed 86 % to 楼136 bn due to weaker securities/FX valuations.
MUFG maintains FY26 profit target of 楼2.0 tn and expects a higher full-year dividend of 楼70, up from 楼64.
Domestic loan-deposit spread widened to 0.89 % (0.80 %); average loan rate rose to 1.06 %.

The quarter shows modest profit erosion driven by softer revenue and market gains, partially offset by lower credit provisioning and wider spreads. Balance-sheet quality and shareholder return guidance remain intact.

Positive

NPL ratio improved to 1.05 %, indicating better asset quality.
Total credit costs shrank by 楼120 bn YoY, supporting bottom line.
Loan-deposit spread widened to 0.89 %, boosting core margin.
Dividend forecast raised to 楼70 per share, signalling management confidence.
FY26 profit target of 楼2 tn reaffirmed, providing earnings visibility.

Negative

Ordinary income fell 7.7 % and trading income dropped 25 %, showing topline weakness.
Comprehensive income plunged 86 % on valuation losses, highlighting market sensitivity.
Total assets declined 3 %, reflecting balance-sheet contraction.
Segment operating profit down 21 %, with revenue declines across most business lines.
Unrealized losses on held-to-maturity debt securities remain significant (楼541 bn).

Insights

TL;DR: Earnings dipped slightly, but credit costs and spreads improved; guidance and dividend intact 鈥� net neutral for valuation.

Revenue pressure (-7.7 % ordinary income) reflects weaker trading and lower interest income. Yet profit fell only 1.8 % as credit costs reversed and opex fell 4.9 %. ROE (JPX) held above 10 %. Asset contraction trimmed leverage but did not dent capital. Dividend hike to 楼70 signals confidence. Given slim profit decline against a tough market backdrop, I view the filing as earnings-neutral; upside from higher spreads is balanced by market-sensitive income volatility.

TL;DR: Credit metrics strengthen鈥擭PL ratio, allowances and spread trends de-risk balance sheet; outlook stable.

NPL ratio improved to 1.05 % and Stage-3 loans fell 楼72 bn. Total credit costs swung to a manageable 楼47 bn, aided by reserve releases under a refined rating model. Allowance methodology changes deemed immaterial. Domestic spread expansion (0.89 % vs 0.80 %) and higher loan yields offset funding cost rise. Securities unrealized losses remain elevated, but equity buffer (楼20 tn) offers protection. Overall risk profile trends positive; impact rated modestly positive.

08/04/2025 - 06:08 AM

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 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: August 4, 2025


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2025

August 4, 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 Three Months ended June 30, 2025

(1)	Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income					Ordinary Profits					Profits Attributable to Owners of Parent
	million yen		%			million yen		%			million yen		%
For the three months ended
June 30, 2025		3,253,932		(7.7	)		708,535		(3.4	)		546,068		(1.8	)
June 30, 2024		3,525,017		27.1			733,359		1.1			555,894		(0.4	)

(*)	Comprehensive income

June 30, 2025: 135,586 million yen, (86.3) %; June 30, 2024: 992,877 million yen, (6.9) %


	Basic earnings per share		Diluted earnings per share
	yen		yen
For the three months ended
June 30, 2025		47.55		47.45
June 30, 2024		47.50		47.40

(2)	Financial Conditions


	Total Assets		Total Net Assets		*Equity-to-asset ratio ()**
	million yen		million yen		%
As of
June 30, 2025		401,041,048		21,256,938		5.0
March 31, 2025		413,113,501		21,728,132		5.0

(Reference) Shareholders’ equity as of June 30, 2025: 20,018,546 million yen; March 31, 2025: 20,520,374 million yen

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

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

2. Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
For the fiscal year
ended March 31, 2025		—		25.00		—		39.00		64.00
ending March 31, 2026		—
ending March 31, 2026 (Forecast)				35.00		—		35.00		70.00

(*)	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, 2026 (Consolidated)

MUFG has an earnings target of 2,000.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2026.(There is no change to our earnings target released on May 15, 2025.)

MUFG is engaged in financial service businesses such as banking business, trust banking business, securities business and credit card/loan businesses. Because there are various uncertainties caused by economic situation, market environments and other factors in these businesses, MUFG discloses a target of its profits attributable to owners of parent instead of a forecast of its performance.

ø Notes

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

(2)	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: No

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

(D) Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	June 30, 2025	12,067,710,920 shares
	March 31, 2025	12,067,710,920 shares
(B) Treasury stocks:	June 30, 2025	647,614,803 shares
	March 31, 2025	561,193,945 shares
(C) Average outstanding stocks:	Three months ended June 30, 2025	11,484,298,385 shares
	Three months ended June 30, 2024	11,703,738,307 shares

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

* 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) The Framework for Financial Reporting applied to Quarterly Consolidated Financial Statements			7
(4) Changes in accounting estimates			7
(5) Segment Information			8
(6) Notes for Material Changes in Shareholders’Equity			10
(7) Notes on Going-Concern Assumption			10
(8) Consolidated Statements of Cash Flows			10
(9) Additional Information			10

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Three Months Ended June 30, 2025”

Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

The subject matter is described in the “Financial Highlights” disclosed on August 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, FY2025 (Fisical Year Ending Mar.2026) JGAAP, First 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, 2025			As of June 30, 2025
Assets:
Cash and due from banks		109,095,437			105,201,744
Call loans and bills bought		1,180,949			923,782
Receivables under resale agreements		18,856,895			16,440,452
Receivables under securities borrowing transactions		5,701,495			4,848,412
Monetary claims bought		6,620,404			6,470,714
Trading assets		26,142,919			24,591,646
Money held in trust		1,084,487			1,203,805
Securities		86,125,371			80,709,711
Loans and bills discounted		121,436,133			122,671,835
Foreign exchanges		1,913,526			2,592,666
Other assets		17,824,068			18,543,352
Tangible fixed assets		1,240,104			1,217,202
Intangible fixed assets		1,875,551			1,865,934
Net defined benefit assets		2,217,529			2,246,763
Deferred tax assets		148,752			152,304
Customers’ liabilities for acceptances and guarantees		12,864,745			12,537,198
Allowance for credit losses		(1,214,870	)		(1,176,479	)

Total assets		413,113,501			401,041,048

Liabilities:
Deposits		228,512,749			224,705,991
Negotiable certificates of deposit		17,374,010			17,787,068
Call money and bills sold		5,072,926			5,534,300
Payables under repurchase agreements		43,359,076			36,731,293
Payables under securities lending transactions		699,852			700,771
Commercial papers		3,475,042			3,343,844
Trading liabilities		19,362,603			18,508,764
Borrowed money		22,101,954			21,481,784
Foreign exchanges		2,508,462			3,731,729
Short-term bonds payable		1,373,236			1,384,207
Bonds payable		14,018,955			14,503,764
Due to trust accounts		4,937,999			3,649,630
Other liabilities		14,563,347			14,160,514
Reserve for bonuses		251,665			130,530
Reserve for bonuses to directors		2,879			1,300
Reserve for stocks payment		11,077			12,092
Net defined benefit liabilities		104,612			103,432
Reserve for retirement benefits to directors		813			767
Reserve for loyalty award credits		7,730			8,325
Reserve for contingent losses		150,657			149,322
Reserves under special laws		5,295			5,354
Deferred tax liabilities		540,770			527,476
Deferred tax liabilities for land revaluation		84,903			84,644
Acceptances and guarantees		12,864,745			12,537,198

Total liabilities		391,385,368			379,784,109

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2025			As of June 30, 2025
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		—			11,053
Retained earnings		14,845,617			14,942,523
Treasury stock		(726,631	)		(896,462	)

Total shareholders’ equity		16,260,498			16,198,628

Net unrealized gains (losses) on available-for-sale securities		1,327,127			1,416,517
Net deferred gains (losses) on hedging instruments		(894,227	)		(990,616	)
Land revaluation excess		122,400			121,836
Foreign currency translation adjustments		3,198,279			2,785,592
Remeasurements of defined benefit plans		554,502			538,815
Debt value adjustments of foreign subsidiaries and affiliates		(51,663	)		(55,812	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates		3,457			3,584

Total accumulated other comprehensive income		4,259,875			3,819,917

Subscription rights to shares		11			14
Non-controlling interests		1,207,746			1,238,377

Total net assets		21,728,132			21,256,938

Total liabilities and net assets		413,113,501			401,041,048

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, 2024		For the three months ended June 30, 2025
Ordinary income		3,525,017		3,253,932
Interest income		2,353,006		2,022,572
Interest on loans and bills discounted		1,186,309		968,208
Interest and dividends on securities		444,660		412,039
Trust fees		35,189		37,894
Fees and commissions		557,301		566,731
Trading income		108,099		80,557
Other operating income		178,316		239,531
Other ordinary income		293,104		306,645
Ordinary expenses		2,791,657		2,545,396
Interest expenses		1,529,894		1,331,819
Interest on deposits		601,433		494,993
Fees and commissions		109,357		105,128
Trading expenses		—		37,769
Other operating expenses		57,076		114,189
General and administrative expenses		844,873		796,719
Other ordinary expenses		250,456		159,770

Ordinary profits		733,359		708,535

Extraordinary gains		7,612		22,870
Gains on disposition of fixed assets		7,612		5,315
Gains on liquidation of subsidiaries		—		17,555
Extraordinary losses		4,909		2,791
Losses on disposition of fixed assets		2,079		2,723
Losses on impairment of fixed assets		2,626		9
Provision for reserve for contingent liabilities from financial instruments transactions		203		59
Provision for reserve for contingent liabilities arising from commodities transactions		—		0

Profits before income taxes		736,062		728,615

Income taxes-current		135,758		144,834
Income taxes-deferred		18,027		2,360

Total taxes		153,786		147,194

Profits		582,276		581,420

Profits attributable to non-controlling interests		26,382		35,352

Profits attributable to owners of parent		555,894		546,068

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the three months ended June 30, 2024			For the three months ended June 30, 2025
Profits		582,276			581,420
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		(193,254	)		84,962
Net deferred gains (losses) on hedging instruments		(111,529	)		(94,270	)
Land revaluation excess		—			7
Foreign currency translation adjustments		471,663			(279,302	)
Remeasurements of defined benefit plans		(11,344	)		(15,955	)
Net unrealized gains (losses) on loans of foreign subsidiaries		123			1,770
Share of other comprehensive income of associates accounted for using equity method		254,942			(143,046	)

Total other comprehensive income		410,601			(445,834	)

Comprehensive income		992,877			135,586

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		940,670			108,064
Comprehensive income attributable to non-controlling interests		52,207			27,522

Mitsubishi UFJ Financial Group, Inc.

(3) The Framework for Financial Reporting applied to Quarterly Consolidated Financial Statements

The quarterly consolidated financial statements, which consist of the quarterly consolidated balance sheet, the quarterly consolidated statement of income, the quarterly consolidated statement of comprehensive income, and the notes thereto, have been prepared in accordance with Article 4, Paragraph 1 of the Tokyo Stock Exchange, Inc.’s and Nagoya Stock Exchange, Inc.’s Standards for the Preparation of Quarterly Financial Statements (the “Standards”) and accounting principles for quarterly financial statements generally accepted in Japan (provided, however, that certain information has been omitted in accordance with Article 4, Paragraph 2 of the Standards).

(4) Changes in accounting estimates

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

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

Following the adoption of a new credit rating system designed to further enhance their credit risk management framework, the subsidiaries calculated their allowance for credit losses using internal credit ratings determined under the new credit rating system as of the end of the three months ended June 30, 2025.

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

Mitsubishi UFJ Financial Group, Inc.

(5) 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 “AG真人官方 (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 in the method of calculation of operating profit (loss) of each reporting segment

In the three months ended June 30, 2025, MUFG changed the method of allocation of net revenue and operating expenses among reporting segments and 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, 2024, has been restated based on 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, 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	¥	220,913	¥	160,623	¥	257,388	¥	365,398	¥	110,445	¥	231,462	¥	1,346,232	¥	205,543	¥	(13,407	)	¥	1,538,368
Operating expenses		162,767		105,228		94,700		185,824		77,406		110,408		736,335		78,071		38,486			852,894

Operating profit (loss)	¥	58,146	¥	55,394	¥	162,687	¥	179,573	¥	33,039	¥	121,054	¥	609,896	¥	127,471	¥	(51,893	)	¥	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.

For the three months ended June 30, 2025


	(in millions of yen)
	For the three months ended June 30, 2025
	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	¥	253,050	¥	196,108	¥	245,138	¥	195,529	¥	138,751	¥	221,992	¥	1,250,571	¥	163,035	¥	(47,375	)	¥	1,366,230
Operating expenses		188,831		110,496		97,989		108,423		101,850		111,709		719,301		79,229		25,452			823,983

Operating profit (loss)	¥	64,219	¥	85,611	¥	147,149	¥	87,106	¥	36,901	¥	110,282	¥	531,270	¥	83,806	¥	(72,828	)	¥	542,247

(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, 2024			For the three months ended June 30, 2025
Total operating profit of reporting segments		685,474			542,247
Operating profit of consolidated subsidiaries excluded from reporting segments		(104	)		(147	)
Provision for general allowance for credit losses		(30,593	)		13,392
Credit related expenses		(171,333	)		(83,623	)
Gains on reversal of reserve for contingent losses included in credit costs		2,713			—
Gains on loans written-off		32,449			23,293
Net gains on equity securities and other securities		55,672			30,312
Equity in earnings of the equity method investees		143,090			157,954
Others		15,991			25,106

Ordinary profit in the consolidated statement of income		733,359			708,535

(6)

Notes for Material Changes in Shareholders’ Equity

None.

(7)

Notes on Going-Concern Assumption

None.

(8)

Consolidated Statements of Cash Flows

No consolidated statements of cash flows have been prepared for the three-month periods ended June 30, 2024 and 2025. 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,
	2024		2025
Depreciation	¥	97,779	¥	88,795
Amortization of goodwill		9,348		9,389

(9)

Additional Information

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

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

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

Mitsubishi UFJ Financial Group, Inc.

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

In addition, when calculating allowance for credit losses, the Bank determines loss rates primarily by calculating a rate of loss based on a historical average of the credit loss rate or a historical average of the default probability derived from actual credit loss experience or actual bankruptcy experience and making necessary adjustments based on future projections and other factors.

The Bank makes such adjustments to the loss rates calculated based on historical loss experience, taking into account future projections and other factors, especially considering the uncertain business environment arising from potential changes in the Russia-Ukraine situation and the trade policies of various countries. These adjustments are implemented made when deemed necessary, for example, by considering any additional expected loss amount not captured by the loss rates calculated based on historical loss experience. The amount of impact of these adjustments as of June 30, 2025 is ¥39,248 million (¥33,610 million as of March 31, 2025).

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

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

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

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

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2025


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]



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

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

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

4. ROE	[ MUFG Consolidated ]	9

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

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

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, 2025 (A)			June 30, 2024 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,358,416			1,535,602			(177,185	)
Gross profits before credit costs for trust accounts		1,358,416			1,535,602			(177,185	)
Net interest income		690,788			823,128			(132,339	)
Trust fees		37,894			35,189			2,704
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		461,602			447,944			13,658
Net trading profits		42,788			108,099			(65,311	)
Net other operating profits		125,342			121,240			4,101
Net gains (losses) on debt securities		(28,250	)		(12,680	)		(15,569	)
General and administrative expenses		815,428			857,451			(42,022	)
Amortization of goodwill		9,389			9,348			41
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		552,377			687,499			(135,121	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		542,988			678,151			(135,162	)
Provision for general allowance for credit losses (2)		13,392			(30,593	)		43,986
Net operating profits*1		556,381			647,557			(91,176	)
Net non-recurring gains (losses)		152,154			85,801			66,352
Credit costs (3)		(83,623	)		(171,333	)		87,709
Losses on loan write-offs		(41,280	)		(75,291	)		34,010
Provision for specific allowance for credit losses		(38,164	)		(96,031	)		57,867
Other credit costs		(4,178	)		(10	)		(4,168	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		—			2,713			(2,713	)
Gains on loans written-off (6)		23,293			32,449			(9,156	)
Net gains (losses) on equity securities		30,312			55,672			(25,360	)
Gains on sales of equity securities		40,220			62,275			(22,055	)
Losses on sales of equity securities		(8,680	)		(5,032	)		(3,648	)
Losses on write-down of equity securities		(1,227	)		(1,571	)		344
Equity in earnings of equity method investees		157,954			143,090			14,864
Other non-recurring gains (losses)		24,218			23,210			1,008

Ordinary profits		708,535			733,359			(24,824	)

Net extraordinary gains (losses)		20,079			2,703			17,376
Net gains (losses) on disposition of fixed assets		2,591			5,533			(2,941	)
Losses on impairment of fixed assets		(9	)		(2,626	)		2,617
Gain on liquidation of subsidiaries		17,555			—			17,555
Profits before income taxes		728,615			736,062			(7,447	)
Income taxes-current		144,834			135,758			9,075
Income taxes-deferred		2,360			18,027			(15,667	)
Total taxes		147,194			153,786			(6,591	)
Profits		581,420			582,276			(856	)
Profits attributable to non-controlling interests		35,352			26,382			8,969

Profits attributable to owners of parent		546,068			555,894			(9,825	)

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)		(46,937	)		(166,763	)		119,826

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2025 (A)			June 30, 2024 (B)			Increase (Decrease) (A) - (B)
Gross profits		767,758			833,219			(65,461	)
Gross profits before credit costs for trust accounts		767,758			833,219			(65,461	)
Net interest income		459,685			484,432			(24,747	)
Trust fees		33,106			30,103			3,003
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		194,504			189,937			4,567
Net trading profits		(5,100	)		1,833			(6,933	)
Net other operating profits		85,561			126,913			(41,351	)
Net gains (losses) on debt securities		(27,509	)		(12,739	)		(14,769	)
General and administrative expenses		414,290			405,334			8,955
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		353,468			427,885			(74,417	)
Provision for general allowance for credit losses (2)		(626	)		(29,172	)		28,545
Net operating profits		352,841			398,712			(45,871	)
Net non-recurring gains (losses)		83,028			51,078			31,950
Credit costs (3)		(5,010	)		(13,321	)		8,310
Reversal of allowance for credit losses (4)		31,492			—			31,492
Reversal of reserve for contingent losses included in credit costs (5)		92			2,689			(2,597	)
Gains on loans written-off (6)		2,756			2,553			203
Net gains (losses) on equity securities		28,447			52,329			(23,881	)
Gains on sales of equity securities		37,694			58,247			(20,553	)
Losses on sales of equity securities		(7,744	)		(3,282	)		(4,462	)
Losses on write-down of equity securities		(1,501	)		(2,636	)		1,134
Other non-recurring gains (losses)		25,250			6,827			18,422

Ordinary profits		435,870			449,790			(13,920	)

Net extraordinary gains (losses)		29,276			5,708			23,568
Income before income taxes		465,147			455,499			9,647
Income taxes-current		111,645			101,625			10,019
Income taxes-deferred		1,807			(7,360	)		9,167
Total taxes		113,453			94,265			19,187

Net income		351,694			361,233			(9,539	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		28,704			(37,251	)		65,955
Credit costs for trust accounts		—			—			—
Provision for general allowance for credit losses		12,836			(29,172	)		42,008
Provision for special allowance for credit losses		16,333			(7,476	)		23,810
Allowance for credit to specific foreign borrowers		1,692			235			1,457
Losses on loans write-offs		(1,384	)		(5,834	)		4,450
Provision for contingent losses included in credit costs		(3,291	)		2,689			(5,980	)
Gains on loans written-off		2,756			2,553			203
Losses on sales of other loans, etc.		(239	)		(245	)		5
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		380,977			440,624			(59,647	)
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		363,026			343,692			19,334

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2025 (A)			June 30, 2024 (B)			Increase (Decrease) (A) - (B)
Gross profits		680,188			706,691			(26,502	)
Net interest income		423,688			410,152			13,535
Net fees and commissions		168,144			166,126			2,017
Net trading profits		(3,342	)		27,501			(30,843	)
Net other operating profits		91,698			102,910			(11,212	)
Net gains (losses) on debt securities		(27,810	)		(9,491	)		(18,319	)
General and administrative expenses		360,087			352,363			7,723
Amortization of goodwill		839			994			(155	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		320,940			355,322			(34,382	)
Net operating profits before provision for general allowance for credit losses		320,101			354,327			(34,226	)
Provision for general allowance for credit losses (1)		—			(29,102	)		29,102
Net operating profits		320,101			325,225			(5,123	)
Net non-recurring gains (losses)		68,400			35,001			33,399
Credit costs (2)		(5,007	)		(13,321	)		8,313
Reversal of allowance for credit losses (3)		31,492			—			31,492
Reversal of reserve for contingent losses included in credit costs (4)		—			2,537			(2,537	)
Gains on loans written-off (5)		2,755			2,552			203
Net gains (losses) on equity securities		18,681			40,866			(22,185	)
Gains on sales of equity securities		27,115			45,546			(18,430	)
Losses on sales of equity securities		(7,732	)		(3,278	)		(4,454	)
Losses on write-down of equity securities		(701	)		(1,401	)		699
Other non-recurring gains (losses)		20,478			2,366			18,112

Ordinary profits		388,501			360,226			28,275

Net extraordinary gains (losses)		29,690			5,721			23,969
Income before income taxes		418,192			365,947			52,244
Income taxes-current		107,739			96,856			10,882
Income taxes-deferred		(4,519	)		(13,606	)		9,086
Total taxes		103,219			83,250			19,968

Net income		314,972			282,697			32,275


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		29,240			(37,334	)		66,574
Provision for general allowance for credit losses		13,463			(29,102	)		42,565
Provision for special allowance for credit losses		16,336			(7,476	)		23,813
Allowance for credit to specific foreign borrowers		1,692			235			1,457
Losses on loans write-off		(1,384	)		(5,834	)		4,450
Provision for contingent losses included in credit costs		(3,383	)		2,537			(5,921	)
Gains on loans written-off		2,755			2,552			203
Losses on sales of other loans, etc.		(239	)		(245	)		5
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities		347,912			363,819			(15,907	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		334,382			282,498			51,883

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2025 (A)			June 30, 2024 (B)			Increase (Decrease) (A) - (B)
Gross profits		87,569			126,527			(38,958	)
Gross profits before credit costs for trust accounts		87,569			126,527			(38,958	)
Trust fees		33,106			30,103			3,003
Credit costs for trust accounts (1)		—			—			—
Net interest income		35,996			74,279			(38,283	)
Net fees and commissions		26,360			23,810			2,550
Net trading profits		(1,757	)		(25,667	)		23,910
Net other operating profits		(6,136	)		24,002			(30,139	)
Net gains (losses) on debt securities		301			(3,248	)		3,549
General and administrative expenses		54,202			52,970			1,231
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		33,366			73,557			(40,190	)
Provision for general allowance for credit losses (2)		(626	)		(69	)		(556	)
Net operating profits		32,740			73,487			(40,747	)
Net non-recurring gains (losses)		14,628			16,077			(1,448	)
Credit costs (3)		(3	)		—			(3	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		92			151			(59	)
Gains on loans written-off (6)		1			1			0
Net gains (losses) on equity securities		9,766			11,462			(1,696	)
Gains on sales of equity securities		10,578			12,701			(2,123	)
Losses on sales of equity securities		(12	)		(4	)		(8	)
Losses on write-down of equity securities		(799	)		(1,234	)		435
Other non-recurring gains (losses)		4,771			4,461			310

Ordinary profits		47,368			89,564			(42,195	)

Net extraordinary gains (losses)		(413	)		(12	)		(400	)
Income before income taxes		46,955			89,551			(42,596	)
Income taxes-current		3,906			4,768			(862	)
Income taxes-deferred		6,327			6,246			81
Total taxes		10,233			11,015			(781	)

Net income		36,721			78,536			(41,815	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(536	)		82			(619	)
Credit costs for trust accounts		—			—			—
Provision for general allowance for credit losses		(626	)		(69	)		(556	)
Provision for special allowance for credit losses		(3	)		—			(3	)
Allowance for credit to specific foreign borrowers		—			—			—
Losses on loans write-offs		—			—			—
Provision for contingent losses included in credit costs		92			151			(59	)
Gains on loans written-off		1			1			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		33,065			76,805			(43,740	)
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		28,644			61,193			(32,548	)

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, 2025		As of March 31, 2025
Bankrupt or De facto Bankrupt		301,646		300,776
Doubtful		650,596		693,225
Special Attention		506,060		536,469
Accruing loans contractually past due 3 months or more		18,260		17,863
Restructured loans		487,800		518,605
Subtotal (A)		1,458,303		1,530,471

Normal(B)		137,404,700		135,805,816
Total loans (C=A+B)		138,863,003		137,336,287

Non-performing loans ratio (A)/(C)		1.05%		1.11%

BK and TB Combined including Trust Account
(after write-offs)	(in millions of yen)
	As of June 30, 2025		As of March 31, 2025
Bankrupt or De facto Bankrupt		45,450		50,052
Doubtful		403,208		448,449
Special Attention		341,278		365,391
Accruing loans contractually past due 3 months or more		9,834		9,236
Restructured loans		331,443		356,154
Subtotal (A)		789,936		863,892

Normal(B)		122,936,744		121,231,909
Total loans (C=A+B)		123,726,681		122,095,802

Non-performing loans ratio (A)/(C)		0.63%		0.70%

BK Non-consolidated
(after write-offs)	(in millions of yen)
	As of June 30, 2025		As of March 31, 2025
Bankrupt or De facto Bankrupt		45,400		50,002
Doubtful		402,083		447,324
Special Attention		341,278		365,391
Accruing loans contractually past due 3 months or more		9,834		9,236
Restructured loans		331,443		356,154
Subtotal (A)		788,762		862,718

Normal(B)		120,054,918		118,665,863
Total loans (C=A+B)		120,843,680		119,528,581

Non-performing loans ratio (A)/(C)		0.65%		0.72%

TB Non-consolidated
(after write-offs)	(in millions of yen)
	As of June 30, 2025		As of March 31, 2025
Bankrupt or De facto Bankrupt		49		49
Doubtful		1,124		1,124
Special Attention		—		—
Accruing loans contractually past due 3 months or more		—		—
Restructured loans		—		—
Subtotal (A)		1,174		1,174

Normal(B)		2,879,481		2,563,577
Total loans (C=A+B)		2,880,655		2,564,752

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

TB Non-consolidated: Trust Account
(after write-offs)	(in millions of yen)
	As of June 30, 2025		As of March 31, 2025
Bankrupt or De facto Bankrupt		—		—
Doubtful		—		—
Special Attention		—		—
Accruing loans contractually past due 3 months or more		—		—
Restructured loans		—		—
Subtotal (A)		—		—

Normal(B)		2,345		2,468
Total loans (C=A+B)		2,345		2,468

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, 2025					As of March 31, 2025
	Amount on consolidated balance sheet		Unrealized gains (losses)			Amount on consolidated balance sheet		Unrealized gains (losses)
Debt securities being held to maturity		24,030,408		(541,239	)		23,272,183		(625,190	)
Domestic bonds		17,840,880		(411,064	)		17,115,009		(491,977	)
Government bonds		13,704,158		(298,316	)		13,300,923		(369,059	)
Municipal bonds		2,656,496		(77,351	)		2,545,626		(93,140	)
Corporate bonds		1,480,225		(35,396	)		1,268,459		(29,777	)
Other		6,189,527		(130,174	)		6,157,174		(133,213	)
Foreign bonds		4,554,839		(135,871	)		4,690,276		(137,239	)
Other		1,634,688		5,697			1,466,897		4,026


	(in millions of yen)
	As of June 30, 2025					As of March 31, 2025
	Amount on consolidated balance sheet		Unrealized gains (losses)			Amount on consolidated balance sheet		Unrealized gains (losses)
Available-for-sale securities		55,146,618		2,322,186			61,321,796		2,203,663
Domestic equity securities		3,610,164		2,548,736			3,540,457		2,458,566
Domestic bonds		17,262,785		(232,264	)		23,123,161		(249,533	)
Government bonds		15,438,629		(145,179	)		21,181,296		(155,513	)
Municipal bonds		240,388		(7,549	)		309,997		(9,776	)
Corporate bonds		1,583,767		(79,535	)		1,631,867		(84,243	)
Other		34,273,668		5,715			34,658,178		(5,368	)
Foreign equity securities		676,157		61,477			662,949		36,272
Foreign bonds		24,374,688		(73,312	)		24,182,709		(113,323	)
Other		9,222,822		17,550			9,812,519		71,682

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, 2025

As of March 31, 2025

Amount on
balance sheet

Unrealized
gains (losses)

Amount on
balance sheet

Unrealized
gains (losses)

Debt securities being held to maturity

21,863,022

(527,435

)

21,295,315

(607,764

)

Stocks of subsidiaries and affiliates

684,864

463,216

684,864

464,454

(in millions of yen)

As of June 30, 2025

As of March 31, 2025

Amount on
balance sheet

Unrealized
gains (losses)

Amount on
balance sheet

Unrealized
gains (losses)

Available-for-sale securities

38,145,913

2,088,019

45,173,480

2,005,377

Domestic equity securities

3,081,569

2,127,449

3,012,332

2,044,936

Domestic bonds

14,993,253

(129,445

)

20,849,312

(138,304

)

Other

20,071,090

90,014

21,311,835

98,744

Foreign equity securities

623,223

48,258

605,665

17,076

Foreign bonds

13,266,592

74,840

13,651,795

88,819

Other

6,181,274

(33,083

)

7,054,373

(7,151

)

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, 2025					As of March 31, 2025
	Amount on balance sheet		Unrealized gains (losses)			Amount on balance sheet		Unrealized gains (losses)
Debt securities being held to maturity		2,167,385		(13,803	)		1,976,868		(17,426	)
Stocks of subsidiaries and affiliates		18,650		(1,404	)		19,189		(1,368	)

	(in millions of yen)
	As of June 30, 2025					As of March 31, 2025
	Amount on balance sheet		Unrealized gains (losses)			Amount on balance sheet		Unrealized gains (losses)
Available-for-sale securities		12,583,390		280,367			11,541,216		251,081
Domestic equity securities		593,577		424,893			588,732		413,329
Domestic bonds		2,145,670		(102,931	)		2,181,927		(111,341	)
Other		9,844,142		(41,594	)		8,770,556		(50,907	)
Foreign equity securities		158		107			130		81
Foreign bonds		7,779,196		(85,742	)		7,018,941		(123,179	)
Other		2,064,787		44,040			1,751,484		72,191

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the three months ended June 30, 2025		For the three months ended June 30, 2024
ROE (JPX basis) *1		10.78		11.18

Note:

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, 2025		For the three months ended June 30, 2024
Average interest rate on loans and bills discounted		1.06		0.82
Average interest rate on deposits and NCD		0.17		0.01
Interest rate spread		0.89		0.80

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		1.13		0.87
Interest rate spread		0.95		0.86

BK Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2025		For the three months ended June 30, 2024
Average interest rate on loans and bills discounted		1.06		0.82
Average interest rate on deposits and NCD		0.16		0.01
Interest rate spread		0.90		0.81

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		1.13		0.88
Interest rate spread		0.96		0.86

TB Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2025		For the three months ended June 30, 2024
Average interest rate on loans and bills discounted		0.91		0.64
Average interest rate on deposits and NCD		0.29		0.05
Interest rate spread		0.62		0.59

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.91		0.74
Interest rate spread		0.62		0.68

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of June 30, 2025		As of March 31, 2025
Deposits (ending balance)		212,429,174		215,970,679
Deposits (average balance)		215,871,764		215,144,567
Loans (ending balance)		111,456,580		110,082,264
Loans (average balance)		111,050,972		110,710,718

	(in millions of yen)
	As of June 30, 2025		As of March 31, 2025
Domestic deposits (ending balance)*		177,078,647		179,854,343
Individuals		94,120,942		93,618,823

Note:

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

BK Non-consolidated


	(in millions of yen)
	As of June 30, 2025		As of March 31, 2025
Deposits (ending balance)		199,209,148		202,712,799
Deposits (average balance)		202,331,837		201,300,396
Loans (ending balance)		108,784,168		107,742,591
Loans (average balance)		108,435,780		108,514,370

	(in millions of yen)
	As of June 30, 2025		As of March 31, 2025
Domestic deposits (ending balance)*		166,129,469		169,250,502
Individuals		87,951,024		87,578,130

Note:

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

TB Non-consolidated


	(in millions of yen)
	As of June 30, 2025		As of March 31, 2025
Deposits (ending balance)		13,220,026		13,257,880
Deposits (average balance)		13,539,927		13,844,171
Loans (ending balance)		2,672,411		2,339,672
Loans (average balance)		2,615,191		2,196,348

	(in millions of yen)
	As of June 30, 2025		As of March 31, 2025
Domestic deposits (ending balance)*		10,949,177		10,603,841
Individuals		6,169,918		6,040,693

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, 2025		As of June 30, 2025
Assets:
Loans and bills discounted		1,507,955		1,362,207
Securities		82,297,398		82,165,586
Beneficiary rights to the trust		171,790,489		171,636,024
Securities held in custody accounts		3,182,746		3,849,959
Monetary claims		37,473,051		38,296,464
Tangible fixed assets		24,848,502		25,519,222
Intangible fixed assets		229,603		237,119
Other claims		4,279,871		4,368,859
Call loans		5,651,749		5,178,027
Due from banking account		4,244,900		3,403,147
Cash and due from banks		6,403,878		6,474,085

Total		341,910,148		342,490,703

Liabilities:
Money trusts		39,222,424		36,268,216
Pension trusts		13,366,896		13,109,796
Property formation benefit trusts		5,228		5,184
Investment trusts		170,479,519		170,332,783
Money entrusted other than money trusts		7,388,623		8,093,513
Securities trusts		5,392,692		5,956,839
Monetary claim trusts		32,124,384		33,177,936
Equipment trusts		412,714		501,729
Land and fixtures trusts		18,442		18,470
Composite trusts		73,499,220		75,026,233

Total		341,910,148		342,490,703

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.

Trust assets and liabilities under a declaration of trust excluded from above table are 32,651 millions of yen as of March 31, 2025 and 43,468 millions of yen as of June 30, 2025, respectively.

Source:

FAQ

How did MUFG (MUFG) profits perform in Q1 FY2025?

Profit attributable to owners was 楼546.1 bn, down 1.8 % YoY, while ordinary profit declined 3.4 % to 楼708.5 bn.

What dividend does MUFG forecast for FY2026?

The group projects a total dividend of 楼70 per share, up from 楼64 in FY2025.

Did MUFG change its full-year earnings guidance?

No. MUFG maintains its FY2026 target of 楼2.0 tn in profits attributable to owners of parent.

How did credit costs evolve during the quarter?

Total credit costs improved to 鈭捖�46.9 bn, compared with 鈭捖�166.8 bn a year earlier, aided by reserve releases.

What is MUFG's latest non-performing loan ratio?

The consolidated NPL ratio improved to 1.05 %, down from 1.11 % at March 31 2025.

How did interest margins trend?

Domestic average loan rate rose to 1.06 % and the loan-deposit spread widened to 0.89 % (0.80 % last year).

What happened to comprehensive income?

Comprehensive income fell sharply to 楼135.6 bn (-86 % YoY) due to lower securities and FX valuation gains.

AG真人官方

[6-K] Mitsubishi UFJ Financial Group, Inc. Current Report (Foreign Issuer)

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[6-K] Mitsubishi UFJ Financial Group, Inc. Current Report (Foreign Issuer)

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Sell-side Financial Analyst neutral

Bank Risk Analyst positive

FAQ

How did MUFG (MUFG) profits perform in Q1 FY2025?

What dividend does MUFG forecast for FY2026?

Did MUFG change its full-year earnings guidance?

How did credit costs evolve during the quarter?

What is MUFG's latest non-performing loan ratio?

How did interest margins trend?

What happened to comprehensive income?

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