Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (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 May 2023

Commission File No. 000-54189

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

7-1, Marunouchi 2-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. 333-242048) 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: May 15, 2023


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the fiscal year ended March 31, 2023

May 15, 2023


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		https://www.mufg.jp/
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 050-3613-1179
General meeting of shareholders:		June 29, 2023
Dividend payment date:		June 30, 2023
Securities report issuing date:		June 27, 2023
Trading accounts:		Established
Supplemental information for financial statements:		Available
Investor meeting presentation:		Scheduled (for investors and analysts)

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

1. Consolidated Financial Data for the Fiscal Year ended March 31, 2023

(1)	Results of Operations


	( % represents the change from the previous fiscal year)
	Ordinary Income				Ordinary Profits					Profits Attributable to Owners of Parent
	million yen		%		million yen		%			million yen		%
Fiscal year ended
March 31, 2023		9,281,027		52.8		1,020,728		(33.6	)		1,116,496		(1.3	)
March 31, 2022		6,075,887		0.8		1,537,649		45.9			1,130,840		45.5

(*)	Comprehensive income

March 31, 2023: 1,158,800 million yen 45.3 % ; March 31, 2022: 797,310 million yen (39.8) %


	Basic earnings per share		Diluted earnings per share		Net Income to Net Assets Attributable to MUFG shareholders		Ordinary Profits to Total Assets		Ordinary Profits to Ordinary Income
	yen		yen		%		%		%
Fiscal year ended
March 31, 2023		90.73		90.41		6.5		0.3		11.0
March 31, 2022		88.45		88.05		6.7		0.4		25.3

(Reference) Income from investment in affiliates (Equity method)

March 31, 2023: 425,829 million yen ; March 31, 2022: 441,595 million yen

(2)	Financial Conditions


	Total Assets		Total Net Assets			Equity-to-asset *ratio ()**			Total Net Assets per Common Stock
	million yen		million yen			%			yen
As of
March 31, 2023		386,799,477		18,272,857			4.5			1,433.12
March 31, 2022		373,731,910		17,988,245			4.6			1,349.52
(Reference) Shareholders’ equity as of March 31, 2023: 17,231,291 million yen ; March 31, 2022: 17,023,773 million yen (*) “Equity-to-asset ratio” is computed under the formula shown below (Total net assets - Non-controlling interests) / Total assets (3) Cash Flows
	Cash Flows from Operating Activities		Cash Flows from Investing Activities			Cash Flows from Financing Activities			Cash and Cash Equivalents at the end of the period
	million yen		million yen			million yen			million yen
Fiscal year ended
March 31, 2023		13,431,773		(10,675,096	)		(977,138	)		113,630,172
March 31, 2022		9,839,899		(2,202,726	)		(1,080,428	)		110,763,205

2. Dividends on Common Stock


	Dividends per Share										Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total		Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	yen		yen		yen		yen		yen		million yen		%		%
Fiscal year
ended March 31, 2022		—		13.50		—		14.50		28.00		357,188		31.7		2.1
ended March 31, 2023		—		16.00		—		16.00		32.00		389,991		35.3		2.3
ending March 31, 2024 (Forecast)		—		20.50		—		20.50		41.00				37.9

(*)	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, 2024 (Consolidated)

MUFG has set an earnings target of 1,300.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 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.

øNotes

(1)	Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying change in scope of consolidation): No

(2)	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): No

(D) Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	March 31, 2023	12,687,710,920 shares
	March 31, 2022	13,281,995,120 shares
(B) Treasury stocks:	March 31, 2023	664,065,483 shares
	March 31, 2022	667,296,084 shares
(C) Average outstanding stocks:	Fiscal year ended March 31, 2023	12,305,714,018 shares
	Fiscal year ended March 31, 2022	12,785,341,295 shares

*This “Consolidated Summary Report” (“Tanshin”) is outside the scope of the external auditor’s audit procedure.

*Notes for using forecasted information etc.

This financial summary report contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the company and/or the group as a whole (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company’s current estimations, perceptions and evaluations. In addition, in order for the company to adopt such estimations, forecasts, targets and plans regarding future events, certain assumptions have been made. Accordingly, due to various risks and uncertainties, the statements and assumptions are inherently not guarantees of future performance, may be considered differently from alternative perspectives and may result in material differences from the actual result. For the main factors that may affect the current forecasts, please see Consolidated Summary Report, Annual Securities Report, Disclosure Book, Annual Report, and other current disclosures that the company has announced.

The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (“Japanese GAAP”). Differences exist between Japanese GAAP and the accounting principles generally accepted in the United States (“U.S. GAAP”) in certain material respects. Such differences have resulted in the past, and are expected to continue to result for this period and future periods, in amounts for certain financial statement line items under U.S. GAAP to differ significantly from the amounts under Japanese GAAP. For example, differences in consolidation basis or accounting for business combinations, including but not limited to amortization and impairment of goodwill, could result in significant differences in our reported financial results between Japanese GAAP and U.S. GAAP. Readers should consult their own professional advisors for an understanding of the differences between Japanese GAAP and U.S. GAAP and how those differences might affect our reported financial results. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Results of Operations and Financial Condition			2
(1) Analysis of results of operations			2
(2) Analysis of financial condition			3
2. Basic Views on Selection of Accounting Standards			3
3. Consolidated Financial Statements and Notes			4
(1) Consolidated Balance Sheets			4
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			6
(3) Consolidated Statements of Changes in Net Assets			9
(4) Consolidated Statements of Cash Flows			11
Notes to the Consolidated Financial Statements			13
Notes on Going-Concern Assumption
Changes in Accounting Policies
Changes in Presentation of Financial Information
Additional Information
Segment Information
Per Share Information

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Fiscal Year Ended March 31, 2023”

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


Internet Conference:		May 15, 2023 (Monday)
Explanation for investors and analysts:		May 17, 2023 (Wednesday)

Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

(1) Analysis of results of operations

(Results of operations for the fiscal year ended March 31, 2023)

Consolidated gross profits for the fiscal year ended March 31, 2023 increased 539.0 billion yen from the previous fiscal year to 4,503.0 billion yen. This was due to an increase in net interest income resulting from the gains on cancellations of investment trusts, improvement in loan spread, and an increase in earnings from foreign deposits and loans, partially offset by a decrease in net gains on debt securities due to record of losses on sales of foreign bonds during the period of rising interest rate. General and administrative expenses increased 161.4 billion yen from the previous fiscal year to 2,908.7 billion yen, mainly due to the impact of foreign exchange translation. As a result, net operating profits increased 377.5 billion yen from the previous fiscal year to 1,594.2 billion yen.

Total credit costs increased 343.4 billion yen from the previous fiscal year to 674.8 billion yen, mainly due to the recording of valuation losses on loans sold in connection with the transfer shares of MUFG Union Bank, N.A. Other non-recurring losses increased 490.6 billion yen from the previous fiscal year, mainly due to losses related to the accounting treatment in connection with the transfer of MUFG Union Bank, N.A.. As a result, ordinary profits for the fiscal year ended March 31, 2023 decreased 516.9 billion yen from the previous fiscal year to 1,020.7 billion yen. Net extraordinary gains increased 596.9 billion yen from the previous fiscal year, mainly due to a gain of 699.5 billion yen on the sale of shares of MUFG Union Bank, N.A. As a result, profits attributable to owners of parent for the fiscal year ended March 31, 2023 was 1,116.4 billion yen, an decrease of 14.3 billion yen from the previous fiscal year.


(in billions of Japanese yen)	For the fiscal year ended March 31, 2023			For the fiscal year ended March 31, 2022			Increase (Decrease)
Gross profits before credit costs for trust accounts		4,503.0			3,964.0			539.0
General and administrative expenses		2,908.7			2,747.2			161.4
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		1,594.2			1,216.7			377.5
Total credit costs		(674.8	)		(331.4	)		(343.4	)
Net gains (losses) on equity securities		288.0			332.6			(44.6	)
Equity in earnings of equity method investees		425.8			441.5			(15.7	)
Other non-recurring gains (losses)		(612.5	)		(121.9	)		(490.6	)
Ordinary profits		1,020.7			1,537.6			(516.9	)
Net extraordinary gains (losses)		549.1			(47.7	)		596.9
Total taxes		369.6			283.4			86.1
Profits attributable to non-controlling interests		83.8			75.6			8.2
Profits attributable to owners of parent		1,116.4			1,130.8			(14.3	)

Mitsubishi UFJ Financial Group, Inc.

(2) Analysis of financial condition

Total assets as of March 31, 2023 increased 13,067.5 billion yen from March 31, 2022 to 386,799.4 billion yen, and total net assets as of March 31, 2023 increased 284.6 billion yen from March 31, 2022 to 18,272.8 billion yen. The increase in total net assets was mainly due to an increase of Retained earnings.

With regard to major items of assets, loans and bills discounted as of March 31, 2023 decreased 1,279.9 billion yen from March 31, 2022 to 109,146.2 billion yen and securities as of March 31, 2023 increased 7,186.3 billion yen from March 31, 2022 to 86,746.9 billion yen. With regard to major items of liabilities, deposits as of March 31, 2023 decreased 1,817.7 billion yen from March 31, 2022 to 213,609.5 billion yen.

2. Basic Views on Selection of Accounting Standards

MUFG group, currently adopting Japanese GAAP, is preparing for its future adoption of IFRS by considering the development of its infrastructures and organizations within the group, and the timing of adoption.

Mitsubishi UFJ Financial Group, Inc.

3. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2022			As of March 31, 2023
Assets:
Cash and due from banks		110,763,205			113,630,172
Call loans and bills bought		872,268			618,223
Receivables under resale agreements		12,308,310			14,000,846
Receivables under securities borrowing transactions		4,517,952			4,549,792
Monetary claims bought		6,466,822			7,325,185
Trading assets		17,704,455			18,013,184
Money held in trust		1,332,492			1,287,020
Securities		79,560,579			86,746,900
Loans and bills discounted		110,426,224			109,146,272
Foreign exchanges		2,300,859			2,300,198
Other assets		14,050,293			15,195,896
Tangible fixed assets		1,236,012			1,220,172
Buildings		304,935			286,879
Land		646,197			629,782
Lease assets		11,422			12,390
Construction in progress		33,273			34,649
Other tangible fixed assets		240,183			256,469
Intangible fixed assets		1,344,225			1,358,124
Software		507,629			555,235
Goodwill		271,353			252,009
Lease assets		1			17
Other intangible fixed assets		565,241			550,862
Net defined benefit assets		1,374,607			1,325,434
Deferred tax assets		213,922			322,021
Customers’ liabilities for acceptances and guarantees		10,481,838			11,005,758
Allowance for credit losses		(1,222,162	)		(1,245,727	)

Total assets		373,731,910			386,799,477

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2022			As of March 31, 2023
Liabilities:
Deposits		215,427,299			213,609,501
Negotiable certificates of deposit		10,938,831			13,632,559
Call money and bills sold		2,429,791			3,449,234
Payables under repurchase agreements		27,619,262			39,982,955
Payables under securities lending transactions		1,072,578			1,171,947
Commercial papers		2,108,531			2,220,723
Trading liabilities		12,397,702			14,716,820
Borrowed money		31,763,332			24,856,340
Foreign exchanges		2,182,400			2,570,412
Short-term bonds payable		1,316,803			1,047,499
Bonds payable		13,257,347			15,708,720
Due to trust accounts		12,811,123			11,689,414
Other liabilities		10,861,695			12,132,972
Reserve for bonuses		136,724			196,850
Reserve for bonuses to directors		1,866			3,639
Reserve for stocks payment		8,437			9,304
Net defined benefit liabilities		86,355			86,445
Reserve for retirement benefits to directors		812			830
Reserve for loyalty award credits		17,113			17,962
Reserve for contingent losses		232,291			164,891
Reserves under special laws		4,656			4,659
Deferred tax liabilities		492,451			157,651
Deferred tax liabilities for land revaluation		94,414			89,525
Acceptances and guarantees		10,481,838			11,005,758

Total liabilities		355,743,665			368,526,620

Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		770,277			349,661
Retained earnings		11,998,157			12,739,228
Treasury stock		(451,288	)		(481,091	)

Total shareholders’ equity		14,458,659			14,749,310

Net unrealized gains (losses) on available-for-sale securities		1,615,060			800,955
Net deferred gains (losses) on hedging instruments		(81,145	)		(387,079	)
Land revaluation excess		140,628			135,526
Foreign currency translation adjustments		734,588			1,792,840
Remeasurements of defined benefit plans		193,865			140,485
Debt value adjustments of foreign subsidiaries and affiliates		(37,883	)		(747	)

Total accumulated other comprehensive income		2,565,114			2,481,980

Non-controlling interests		964,471			1,041,565

Total net assets		17,988,245			18,272,857

Total liabilities and net assets		373,731,910			386,799,477

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 fiscal year ended March 31, 2022		For the fiscal year ended March 31, 2023
Ordinary income		6,075,887		9,281,027
Interest income		2,587,445		5,298,944
Interest on loans and bills discounted		1,654,635		2,810,147
Interest and dividends on securities		546,968		1,452,461
Interest on call loans and bills bought		4,724		19,104
Interest on receivables under resale agreements		20,461		111,940
Interest on receivables under securities borrowing transactions		3,029		43,509
Interest on deposits		59,072		364,406
Other interest income		298,551		497,373
Trust fees		144,147		140,637
Fees and commissions		1,729,100		1,883,428
Trading income		232,471		373,347
Other operating income		411,301		631,365
Other ordinary income		971,421		953,304
Gains on loans written-off		88,558		96,569
Others		882,862		856,735
Ordinary expenses		4,538,237		8,260,299
Interest expenses		543,957		2,372,735
Interest on deposits		187,510		887,987
Interest on negotiable certificates of deposit		19,348		283,076
Interest on call money and bills sold		610		3,173
Interest on payables under repurchase agreements		17,906		454,200
Interest on payables under securities lending transactions		8,440		2,193
Interest on commercial papers		3,289		78,041
Interest on borrowed money		9,974		61,677
Interest on short-term bonds payable		104		135
Interest on bonds payable		264,270		355,003
Other interest expenses		32,501		247,246
Fees and commissions		298,450		328,660
Trading expenses		—		284
Other operating expenses		298,166		1,622,838
General and administrative expenses		2,746,840		2,969,325
Other ordinary expenses		650,822		966,453
Provision for allowance for credit losses		225,714		225,416
Others		425,108		741,037

Ordinary profits		1,537,649		1,020,728

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2022			For the fiscal year ended March 31, 2023
Extraordinary gains		159,376			715,667
Gains on disposition of fixed assets		30,226			16,157
Gains on sales of shares of subsidiaries		4,240			699,509
Gains on change in equity		64,919			—
Gains on transfer of businesses		31,021			—
Gains on sales of shares of affiliates		28,968			—
Extraordinary losses		207,168			166,472
Losses on disposition of fixed assets		13,363			17,076
Losses on impairment of fixed assets		174,133			18,167
Provision for reserve for contingent liabilities from financial instruments transactions		14			2
Losses on pension buyout		—			78,111
Losses on sales of shares of affiliates		—			29,401
Losses on change in equity		19,657			23,711

Profits before income taxes		1,489,857			1,569,923

Income taxes-current		413,935			493,256
Refund of income taxes		(22,300	)		(56,288	)
Income taxes-deferred		(108,224	)		(67,361	)

Total taxes		283,410			369,607

Profits		1,206,447			1,200,316

Profits attributable to non-controlling interests		75,606			83,820

Profits attributable to owners of parent		1,130,840			1,116,496

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the fiscal year ended March 31, 2022			For the fiscal year ended March 31, 2023
Profits		1,206,447			1,200,316
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		(925,323	)		(676,883	)
Net deferred gains (losses) on hedging instruments		(217,906	)		(315,870	)
Land revaluation excess		1			—
Foreign currency translation adjustments		516,390			701,427
Remeasurements of defined benefit plans		32,281			(54,790	)
Share of other comprehensive income of associates accounted for using equity method		185,420			304,600

Total other comprehensive income		(409,136	)		(41,515	)

Comprehensive income		797,310			1,158,800

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		717,398			1,038,465
Comprehensive income attributable to non-controlling interests		79,912			120,335

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2022


	(in millions of yen)
	Shareholders’ equity															Accumulated other comprehensive income
	Capital stock			Capital surplus			Retained earnings			Treasury stock			Total shareholders’ equity			Net unrealized gains (losses) on available- for-sale securities			Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,141,513			977,287			11,200,087			(502,794	)		13,816,094			2,583,417			131,566
Cumulative effects of changes in accounting policies								(6,617	)					(6,617	)
Restated balance		2,141,513			977,287			11,193,470			(502,794	)		13,809,476			2,583,417			131,566
Changes during the period
Cash dividends								(334,710	)					(334,710	)
Profits attributable to owners of parent								1,130,840						1,130,840
Repurchase of treasury stock											(158,529	)		(158,529	)
Disposal of treasury stock					0						5,579			5,580
Retirement of treasury stock					(204,456	)					204,456			—
Reversal of land revaluation excess								8,556						8,556
Changes in subsidiaries’ equity					(2,554	)								(2,554	)
Net changes of items other than shareholders’ equity																	(968,357	)		(212,712	)

Total changes during the period		—			(207,010	)		804,687			51,505			649,182			(968,357	)		(212,712	)

Balance at the end of the period		2,141,513			770,277			11,998,157			(451,288	)		14,458,659			1,615,060			(81,145	)


	(in millions of yen)
	Accumulated other comprehensive income
	Land revaluation excess			Foreign currency translation adjustments			Remeasurements of defined benefit plans			Debt value adjustments of foreign subsidiaries and affiliates			Total accumulated other comprehensive income			Non- controlling interests			Total net assets
Balance at the beginning of the period		149,183			9,953			163,189			(50,832	)		2,986,478			913,684			17,716,257
Cumulative effects of changes in accounting policies																	(14	)		(6,632	)
Restated balance		149,183			9,953			163,189			(50,832	)		2,986,478			913,669			17,709,625
Changes during the period
Cash dividends																				(334,710	)
Profits attributable to owners of parent																				1,130,840
Repurchase of treasury stock																				(158,529	)
Disposal of treasury stock																				5,580
Retirement of treasury stock																				—
Reversal of land revaluation excess																				8,556
Changes in subsidiaries’ equity																				(2,554	)
Net changes of items other than shareholders’ equity		(8,554	)		724,635			30,675			12,949			(421,363	)		50,801			(370,562	)

Total changes during the period		(8,554	)		724,635			30,675			12,949			(421,363	)		50,801			278,620

Balance at the end of the period		140,628			734,588			193,865			(37,883	)		2,565,114			964,471			17,988,245

Mitsubishi UFJ Financial Group, Inc.

For the fiscal year ended March 31, 2023


	(in millions of yen)
	Shareholders’ equity															Accumulated other comprehensive income
	Capital stock			Capital surplus			Retained earnings			Treasury stock			Total shareholders’ equity			Net unrealized gains (losses) on available- for-sale securities			Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,141,513			770,277			11,998,157			(451,288	)		14,458,659			1,615,060			(81,145	)
Changes during the period
Cash dividends								(380,528	)					(380,528	)
Profits attributable to owners of parent								1,116,496						1,116,496
Repurchase of treasury stock											(450,018	)		(450,018	)
Disposal of treasury stock					0						2,118			2,118
Retirement of treasury stock					(418,097	)					418,097			—
Reversal of land revaluation excess								5,102						5,102
Changes in subsidiaries’ equity					1,510									1,510
Change from transaction under common control involving overseas subsidiary					(4,028	)								(4,028	)
Net changes of items other than shareholders’ equity																	(814,104	)		(305,933	)

Total changes during the period		—			(420,616	)		741,070			(29,802	)		290,651			(814,104	)		(305,933	)

Balance at the end of the period		2,141,513			349,661			12,739,228			(481,091	)		14,749,310			800,955			(387,079	)


	(in millions of yen)
	Accumulated other comprehensive income
	Land revaluation excess			Foreign currency translation adjustments			Remeasurements of defined benefit plans			Debt value adjustments of foreign subsidiaries and affiliates			Total accumulated other comprehensive income			Non- controlling interests			Total net assets
Balance at the beginning of the period		140,628			734,588			193,865			(37,883	)		2,565,114			964,471			17,988,245
Changes during the period
Cash dividends																				(380,528	)
Profits attributable to owners of parent																				1,116,496
Repurchase of treasury stock																				(450,018	)
Disposal of treasury stock																				2,118
Retirement of treasury stock																				—
Reversal of land revaluation excess																				5,102
Changes in subsidiaries’ equity																				1,510
Change from transaction under common control involving overseas subsidiary																				(4,028	)
Net changes of items other than shareholders’ equity		(5,102	)		1,058,251			(53,380	)		37,136			(83,133	)		77,094			(6,039	)

Total changes during the period		(5,102	)		1,058,251			(53,380	)		37,136			(83,133	)		77,094			284,612

Balance at the end of the period		135,526			1,792,840			140,485			(747	)		2,481,980			1,041,565			18,272,857

Mitsubishi UFJ Financial Group, Inc.

(4) Consolidated Statements of Cash Flows


(in millions of yen)	For the fiscal year ended March 31, 2022			For the fiscal year ended March 31, 2023
Cash flows from operating activities:
Profits before income taxes		1,489,857			1,569,923
Depreciation and amortization		345,199			314,708
Impairment losses		174,133			18,167
Amortization of goodwill		18,051			19,928
Equity in losses (gains) of equity method investees		(441,595	)		(425,829	)
Losses on pension buyout		—			78,111
Increase (decrease) in allowance for credit losses		96,652			(32,780	)
Increase (decrease) in reserve for bonuses		15,217			71,053
Increase (decrease) in reserve for bonuses to directors		(18	)		1,727
Increase (decrease) in reserve for stocks payment		(2,477	)		866
Decrease (increase) in net defined benefit assets		(106,980	)		(53,774	)
Increase (decrease) in net defined benefit liabilities		645			123
Increase (decrease) in reserve for retirement benefits to directors		(60	)		17
Increase (decrease) in reserve for loyalty award credits		(540	)		(213	)
Increase (decrease) in reserve for contingent losses		47,681			(64,789	)
Interest income recognized on statement of income		(2,587,445	)		(5,298,944	)
Interest expenses recognized on statement of income		543,957			2,372,735
Losses (gains) on securities		(225,395	)		481,930
Losses (gains) on money held in trust		21,347			6,088
Foreign exchange losses (gains)		(2,788,581	)		(2,255,057	)
Losses (gains) on sales of fixed assets		(16,862	)		918
Net decrease (increase) in trading assets		3,575,115			(42,347	)
Net increase (decrease) in trading liabilities		(2,045,592	)		2,219,838
Adjustment of unsettled trading accounts		793,285			(651,611	)
Net decrease (increase) in loans and bills discounted		(2,101,763	)		(4,211,367	)
Net increase (decrease) in deposits		3,015,798			7,118,314
Net increase (decrease) in negotiable certificates of deposit		2,822,861			2,869,240
Net increase (decrease) in borrowed money (excluding subordinated borrowings)		573,366			(6,264,775	)
Net decrease (increase) in call loans and bills bought and others		1,110,169			(1,804,036	)
Net decrease (increase) in receivables under securities borrowing transactions		(977,957	)		153,662
Net increase (decrease) in call money and bills sold and others		2,166,231			12,597,828
Net increase (decrease) in commercial papers		288,342			179,650
Net increase (decrease) in payables under securities lending transactions		227,626			83,926
Net decrease (increase) in foreign exchanges (assets)		(365,896	)		(3,533	)
Net increase (decrease) in foreign exchanges (liabilities)		75,450			389,405
Net increase (decrease) in short-term bonds payable		273,801			(269,304	)
Net increase (decrease) in issuance and redemption of unsubordinated bonds payable		917,007			2,595,987
Net increase (decrease) in due to trust accounts		1,602,553			(1,121,708	)
Interest income (cash basis)		2,657,591			4,923,477
Interest expenses (cash basis)		(546,500	)		(2,098,922	)
Others		(555,008	)		440,666

Sub-total		10,089,269			13,909,305

Income taxes		(300,616	)		(549,466	)
Refund of income taxes		51,246			71,934

Net cash provided by (used in) operating activities		9,839,899			13,431,773

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2022			For the fiscal year ended March 31, 2023
Cash flows from investing activities:
Purchases of securities		(97,893,977	)		(103,993,341	)
Proceeds from sales of securities		60,280,489			58,441,528
Proceeds from redemption of securities		36,458,516			36,986,139
Payments for increase in money held in trust		(1,165,165	)		(1,040,424	)
Proceeds from decrease in money held in trust		1,110,030			1,075,874
Purchases of tangible fixed assets		(101,275	)		(118,147	)
Purchases of intangible fixed assets		(282,728	)		(283,478	)
Proceeds from sales of tangible fixed assets		82,256			46,360
Proceeds from sales of intangible fixed assets		1,277			180
Payments for transfer of businesses		(724,428	)		—
Proceeds from transfer of businesses		33,038			—
Payments for acquisition of subsidiaries’ equity affecting the scope of consolidation		(1,165	)		—
Payments for sales of subsidiaries’ equity affecting the scope of consolidation		—			(1,784,755	)
Proceeds from sales of subsidiaries’ equity affecting the scope of consolidation		2,813			—
Others		(2,409	)		(5,032	)

Net cash provided by (used in) investing activities		(2,202,726	)		(10,675,096	)

Cash flows from financing activities:
Proceeds from subordinated borrowings		—			29,000
Repayments of subordinated borrowings		—			(28,000	)
Proceeds from issuance of subordinated bonds payable and bonds with warrants		226,091			670,246
Payments for redemption of subordinated bonds payable and bonds with warrants		(789,480	)		(787,754	)
Proceeds from issuance of common stock to non-controlling shareholders		3,569			227
Dividends paid by MUFG		(334,619	)		(380,447	)
Dividends paid by subsidiaries to non-controlling shareholders		(32,622	)		(32,050	)
Purchases of treasury stock		(158,515	)		(450,153	)
Proceeds from sales of treasury stock		5,399			2,237
Payments for purchases of subsidiaries’ equity not affecting the scope of consolidation		(250	)		(444	)

Net cash provided by (used in) financing activities		(1,080,428	)		(977,138	)

Effect of foreign exchange rate changes on cash and cash equivalents		1,228,889			1,089,328

Net increase (decrease) in cash and cash equivalents		7,785,634			2,868,867

Cash and cash equivalents at the beginning of the period		102,980,711			110,763,205

Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation		(3,109	)		(1,900	)

Decrease in cash and cash equivalents resulting from absorption via corporate separation		(30	)		—

Cash and cash equivalents at the end of the period		110,763,205			113,630,172

Mitsubishi UFJ Financial Group, Inc.

Notes to the Consolidated Financial Statements

(Notes on Going-Concern Assumption)

None.

(Changes in Accounting Policies)

(Implementation Guidance on Accounting Standard for Fair Value Measurement)

Accounting Standard Board of Japan (“ASBJ”) Implementation Guidance No. 31, “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ, June 17, 2021) (“Implementation Guidance on Fair Value Measurement”), has been applied from the beginning of the fiscal year ended March 31, 2023. In accordance with the transitional treatment set forth in paragraph 27-2 of the Implementation Guidance on Fair Value Measurement, MUFG has applied new accounting policies based on the Implementation Guidance on Fair Value Measurement prospectively.

There is no impact on our consolidated financial statements as of the end of and for the fiscal year ended March 31, 2023 due to the application of this Guidance.

(Changes in Presentation of Financial Information)

“Refund of income taxes”, which was previously included in “Income taxes” on a net basis for the fiscal year ended March 31, 2022 is presented separately on a disaggregated basis from the fiscal year ended March 31, 2023 due to the increased significance in the recorded amount. In order to reflect this change in presentation, the consolidated financial statements for the fiscal year ended March 31 have been reclassified.

As a result, “Income taxes” of ¥391,634 million previously presented in the consolidated statements of income for the fiscal year ended March 31 has been disaggregated and reclassified into “Current” of ¥413,935 million and “Refund” of ¥(22,300) million.

(Additional Information)

(Estimated impact of the COVID-19 pandemic and the Russia-Ukraine situation relating to allowance for credit losses)

The process of calculating allowance for credit losses in our principal consolidated domestic banking subsidiaries involves various estimates such as determination of counterparty credit ratings which are based on evaluation and classification of counterparties’ debt-service capacity, assessment of the value of collateral provided by borrowers, 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, the prolonged COVID-19 pandemic and Russia-Ukraine situation, among other developments, have had a significant impact on the financial position and operating results of certain counterparties. 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.

When calculating allowance for credit losses, MUFG Bank, Ltd. (“the Bank”), our principal consolidated domestic banking subsidiary, determines expected 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 subsidiary makes such adjustments based on future loss projections and other factors to loss rates calculated based on historical loss experience, when and to the extent such adjustments are deemed appropriate, by taking into account the rate of increase in the credit loss rate or the default probability in a more recent period, additional expected losses and other factors, especially in light of the uncertain business environment caused by such factors as the prolonged COVID-19 pandemic and Russia-Ukraine situation. The amount of impact of these adjustments was ¥69,569 million as of March 31, 2023 (¥77,572 million as of March 31, 2022).

Mitsubishi UFJ Financial Group, Inc.

In addition, certain overseas subsidiaries which apply Generally Accepted Accounting Principles in the United States (“U.S. GAAP”) have adopted Accounting Standards Codification (“ASC”) Topic 326, “Financial Instruments—Credit losses,” and provide for allowance for credit losses by estimating credit losses currently expected for the remaining term of the relevant contracts. 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 rate 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 U.S. GAAP, are based on estimation relating to the economic environment with respect to which objective data are not readily available.

The outlook relating to the COVID-19 pandemic and the Russia-Ukraine situation, which are expected to further impact our counterparties’ operating environment and the economic environment, remains subject to significant uncertainty. Accordingly, we make certain assumptions, including that, although the impact of the COVID-19 pandemic will continue, restrictions on economic activity will be eased globally, resulting in a gradual decrease in the economic impact, and that the uncertainty in the business environment caused by the Russia-Ukraine situation will remain. The recorded allowance for credit losses represents our best estimation made in a manner designed to ensure objectivity and rationality.

These assumptions change to reflect developments in the economic environment, and changes in the assumptions may result in an increase or decrease in the allowance for credit losses in the following fiscal year.

(Valuation losses of a foreign subsidiary which are reflected in MUFG’s consolidated financial statements as of the end of and for the fiscal year ending March 31, 2023)

In connection with the planned sale of the shares in MUB, MUAH recognized an aggregate of ¥952,590 million of losses for the fiscal year ended December 31, 2022, primarily in accordance with ASC Topic 326, “Financial Instruments—Credit losses,” and ASC Topic 310, “Receivables,” issued by the FASB. The aggregate losses reflected ¥555,421 million of valuation losses related to securities held for sale recorded as Other operating expenses and ¥400,511 million of valuation losses related to loans held for sale recorded as Other ordinary expenses. All of the losses recognized by MUAH are reflected in MUFG’s consolidated financial statements as of the end of and for the fiscal year ending March 31, 2023.

Mitsubishi UFJ Financial Group, Inc.

(Sale of MUFG Union Bank, N.A. and Transfer of Certain Businesses of MUFG Union Bank, N.A.)

On December 1, 2022, MUFG Americas Holdings Corporation (“MUAH”), a subsidiary of MUFG whose financial statements as of the end of and for the fiscal year ended December 31, 2022 have been consolidated with MUFG’s financial statements, completed the sale of all of the shares in MUFG Union Bank, N.A. (“MUB”) held by MUAH to U.S. Bancorp (“USB”) (hereinafter referred to as the “Share Transfer”).

The MUB businesses that were transferred to USB through the Share Transfer excluded the GCIB (Global Corporate & Investment Banking) business (with certain exceptions as agreed to by the parties, including certain deposits of the GCIB business that are retained by MUB), the Global Markets business to the extent related to the GCIB business, which consisted of transactions with clients and investors, and certain assets and liabilities, etc. that were part of shared middle and back office functions, etc. Such businesses, and the customer assets and liabilities, etc. related to these businesses (including related transactions with such customers) were transferred to the Bank and MUAH prior to the Share Transfer for consideration paid in the form of cash.

1. Business divestiture

(1) Outline of the business divestiture

(a) Name of the acquiring entity

U.S. Bancorp

(b) Description of the divested businesses

Retail and Commercial Banking businesses of MUB

MUFG has viewed the U.S. regional banking business as an important business for the group’s strategy. At the same time, given MUB’s current business environment, including the need for increased technology investments as part of digital transformation, a certain scale is required to maintain and strengthen MUB’s competitiveness.

Under these circumstances, MUFG concluded that transferring MUB to USB, a major U.S. bank with a strong business foundation, would be the most appropriate decision that was expected to lead to providing higher quality financial services to customers and communities and unlock MUB’s potential franchise value. From the perspective of MUFG’s optimization of management resources under the current medium-term business plan, MUFG determined that the sale of MUB and the shift of focus to corporate transactions in the United States would help maximize shareholder value through an increase in capital efficiency.

(d) Date of the business divestiture

December 1, 2022

(e) Legal form of the business divestiture

Transfer of shares for consideration paid in the form of cash and shares

(2) Overview of the accounting treatment applied

(a) Amount of gains or losses on the Share Transfer

Gains on sales of shares of subsidiaries: ¥699,509 million

(b) Amounts of assets and liabilities related to the divested businesses

Assets: ¥13,639,869 million (including loans of ¥7,572,598 million and securities of ¥3,123,184 million)

Liabilities: ¥12,981,874 million (including deposits of ¥11,801,118 million)

The above amounts of assets and liabilities related to the divested businesses are provisional since the price adjustments have not been completed.

Mitsubishi UFJ Financial Group, Inc.

The difference between the sale price and the consolidated book value of the transferred shares is recorded in extraordinary gains as gains on sales of shares of subsidiaries.

(3) Name of the reporting segment in which the divested businesses were mainly included

Global Commercial Banking Business Group

(4)

Approximate amount of income or loss related to the divested businesses recorded in the consolidated statement of income for the fiscal year ended March 31, 2023

Ordinary income: ¥422,914 million

Ordinary loss: ¥849,624 million

(5) Overview of continued involvement related to the business divestiture

MUFG received shares of USB as part of the consideration for the Share Transfer.

In addition, the Bank and USB have entered into a Transitional Service Agreement and a Reverse Transitional Service Agreement with an aim for both the Bank and MUB to be able to smoothly continue to provide high quality financial services even after the Share Transfer. The Bank provides and receives certain services based on such agreements.

In addition, as of the end of the reporting period (ended March 31, 2023), the corporate credit card business for GCIB business customers and certain Japanese customers was expected to be transferred from MUB to the Bank, subject to contractual conditions precedent. Such transfer was completed subsequent to the reporting period.

2. Transaction under common control

(1) Overview and objectives of the business transfer

The GCIB business (with certain exceptions as agreed to by the parties, including certain deposits of the GCIB business that are retained by MUB), the Global Markets business to the extent related to the GCIB business, which consisted of transactions with clients and investors, and certain assets and liabilities, etc. that were part of shared middle and back office functions, etc., were transferred to the Bank and MUAH prior to the Share Transfer by the end of November 2022.

The MUFG group continues to view the U.S. market as a strategically important market after the Share Transfer and, through this transaction, aims to optimize management resources with a strategic focus on corporate transactions where the MUFG group believes it can leverage its strengths.

(2) Overview of the accounting treatment applied

The transaction is treated as a transaction under common control under ASBJ Statement No. 21, “Accounting Standard for Business Combinations” (ASBJ, January 16, 2019), and ASBJ Guidance No. 10, “Implementation Guidance on Accounting Standard for Business Combinations and Accounting Standard for Business Divestitures” (ASBJ, January 16, 2019).

(3) Amounts of assets and liabilities transferred to the Bank in connection with the business transfer

Assets: ¥3,310,900 million (including loans of ¥2,741,641 million)

Liabilities: ¥503,791 million (including acceptances and guarantees of ¥337,944 million)

The above amounts are provisional since the price adjustments have not been completed.

(Provisional closing of accounts of a significant equity-method affiliate for the fiscal year ending March 31, 2024)

Morgan Stanley, a significant equity-method affiliate of MUFG, closes its financial accounts based on a fiscal year-end of December 31, and the equity method of accounting is applied to its consolidated financial statements as of the fiscal year-end. However, from the perspective of providing financial information in a more timely manner, MUFG has decided to make modifications so that the equity method of accounting will be applied to Morgan Stanley based on a provisional closing of accounts to be implemented as of March 31, which is the consolidated fiscal year-end of MUFG, effective from the first quarter of the fiscal year ending March 31, 2024.

Accordingly, for the fiscal year ending March 31, 2024, Morgan Stanley’s financial results for the 15-month period from January 1, 2023 to March 31, 2024 will be reflected in MUFG’s consolidated financial statements.

Mitsubishi UFJ Financial Group, Inc.

(Segment Information)

1.	Information on net revenue, operating profit (loss), and fixed assets for each reporting segment

For the Fiscal Year Ended March 31, 2023


	(in millions of yen)
	Digital Service Business Group		Retail & Commercial Banking 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		747,572		614,056		805,684		870,584		360,754		712,863		4,111,515		408,897		(4,657	)		4,515,756
Operating expenses		533,131		456,776		331,063		580,318		255,623		336,876		2,493,790		271,779		172,603			2,938,173
Operating profit (loss)		214,440		157,280		474,621		290,265		105,130		375,987		1,617,725		137,118		(177,261	)		1,577,583
Fixed assets at period end		156,944		201,909		161,198		1,135		18,822		171,172		711,182		110,630		546,288			1,368,101

(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.

“Fixed assets at period end” for each reporting segment in the above table represent those related to the Bank and Mitsubishi UFJ Trust and Banking Corporation. Those fixed assets and consolidation adjustments related to MUFG and its other consolidated subsidiaries, which are not allocated to reporting segments, were ¥1,210,195 million. With respect to such fixed assets not allocated to reporting segments, certain related expenses are allocated to each reporting segment on a reasonable basis.

2.	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 fiscal year period


Operating profit	For the fiscal year ended March 31, 2023
Total operating profit of reporting segments		1,577,583
Operating profit of consolidated subsidiaries excluded from reporting segments		(1,420	)
Provision for general allowance for credit losses		(36,608	)
Credit related expenses		(746,353	)
Gains on reversal of reserve for contingent losses included in credit costs		11,550
Gains on loans written-off		96,569
Net gains on equity securities and other securities		288,000
Equity in earnings of equity method investees		425,829
Others		(594,421	)
Ordinary profit in the consolidated statement of income		1,020,728

(Note)

In connection with the planned sale of the shares in MUB, an aggregate of ¥952,590 million of losses were recognized primarily in accordance with ASC Topic 326, “Financial Instruments—Credit losses,” and ASC Topic 310, “Receivables.” These losses consist mainly of ¥555,421 million of valuation losses related to securities held for sale, which are included in “Others”, and ¥400,511 million of valuation losses related to loans held for sale, which are included in “Credit related expenses.”

Mitsubishi UFJ Financial Group, Inc.

(Per Share Information)


	For the fiscal year ended March 31, 2023
Total equity per common share		¥1,433.11
Basic earnings per common share		¥90.72
Diluted earnings per common share		¥90.41

(Notes)

1.	The bases for the calculation of basic earnings per common share and diluted earnings per common share for the periods indicated were as follows:


		For the fiscal year ended March 31, 2023
Basic earnings per common share
Profits attributable to owners of parent	million yen	1,116,496
Profits not attributable to common shareholders	million yen	—
Profits attributable to common shareholders of parent	million yen	1,116,496
Average number of common shares during the period	thousand shares	12,305,714
Diluted earnings per common share
Adjustment to profits attributable to owners of parent	million yen	(3,912)
Adjustment related to dilutive shares of consolidated subsidiaries and others	million yen	(3,912)
Increase in common shares	thousand shares	—
Description of antidilutive securities which were not included in the calculation of diluted earnings per share		Share subscription rights issued by equity method affiliates: Morgan Stanley Stock options and others - 3 million units as of December 31, 2022

2.	The bases for the calculation of total equity per common share for the period indicated were as follows:


		As of March 31, 2023
Total equity	million yen	18,272,857
Deductions from total equity:	million yen	1,041,565
Non-controlling interests	million yen	1,041,565
Total equity attributable to common shares	million yen	17,231,291
Number of common shares at period end used for the calculation of total equity per common share	thousand shares	12,023,645

Selected Financial Information

under Japanese GAAP

For the Fiscal Year Ended March 31, 2023


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

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

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting	[ MUFG Consolidated ][ BK Consolidated ] [ TB Consolidated ]	8

4. Securities	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	9

5. ROE	[ MUFG Consolidated ]	12

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

7. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the “FRA”)	[ MUFG Consolidated ][ BK and TB Combined including Trust Account ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Account ]	14

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

9. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors	[ BK and TB Combined including Trust Accounts ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Accounts ]	22

10. Overseas Loans	[ BK Consolidated excl. MUAH, KS, BDI ]56*7	26

11. Loans and Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	27

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

13. Status of Deferred Tax Assets	[ BK Non-consolidated ][ TB Non-consolidated ]	29

14. Retirement Benefits	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	31

(Reference)

1. Financial Statements	[ BK Non-consolidated ][ TB Non-consolidated ]	34

(*1)	“MUFG” means Mitsubishi UFJ Financial Group, Inc.

(*2)	“BK” means MUFG Bank, Ltd.

(*3)	“TB” means Mitsubishi UFJ Trust and Banking Corporation.

(*4)	“BK and TB Combined” means simple sum of “BK” and “TB” without consolidation processes.

(*5)	“MUAH” means MUFG Americas Holdings Corporation.

(*6)	“KS” means Bank of Ayudhya Public Company Limited.

(*7)	“BDI” means PT Bank Danamon Indonesia, Tbk.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2023 (A)			March 31, 2022 (B)			(Decrease) (A) - (B)
Gross profits		4,503,008			3,964,051			538,957
Gross profits before credit costs for trust accounts		4,503,008			3,964,002			539,006
Net interest income		2,907,511			2,043,648			863,863
Trust fees		140,637			144,147			(3,510	)
Credit costs for trust accounts (1)		—			49			(49	)
Net fees and commissions		1,554,767			1,430,649			124,118
Net trading profits		372,093			232,471			139,621
Net other operating profits		(472,001	)		113,134			(585,136	)
Net gains (losses) on debt securities		(884,618	)		(140,442	)		(744,175	)
General and administrative expenses		2,908,709			2,747,227			161,482
Amortization of goodwill		19,928			18,051			1,876
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		1,614,227			1,234,827			379,400
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		1,594,299			1,216,775			377,524
Provision for general allowance for credit losses (2)		(36,608	)		65,436			(102,044	)
Net operating profits*1		1,557,691			1,282,260			275,430
Net non-recurring gains (losses)		(536,963	)		255,388			(792,351	)
Credit costs (3)		(746,353	)		(485,479	)		(260,874	)
Losses on loan write-offs*2		(547,783	)		(157,730	)		(390,053	)
Provision for specific allowance for credit losses		(197,561	)		(258,640	)		61,079
Other credit costs		(1,009	)		(69,108	)		68,099
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		11,550			—			11,550
Gains on loans written-off (6)		96,569			88,558			8,010
Net gains (losses) on equity securities		288,000			332,629			(44,629	)
Gains on sales of equity securities		332,747			378,040			(45,293	)
Losses on sales of equity securities		(28,796	)		(34,232	)		5,436
Losses on write-down of equity securities		(15,950	)		(11,178	)		(4,772	)
Equity in earnings of equity method investees		425,829			441,595			(15,765	)
Other non-recurring gains (losses)*2		(612,559	)		(121,915	)		(490,644	)

Ordinary profits		1,020,728			1,537,649			(516,920	)

Net extraordinary gains (losses)		549,195			(47,791	)		596,987
Net gains (losses) on disposition of fixed assets		(918	)		16,862			(17,781	)
Losses on impairment of fixed assets		(18,167	)		(174,133	)		155,965
Gains on sales of shares of subsidiaries*3		699,509			4,240			695,269
Net gains (losses) on change in equity		(23,711	)		45,262			(68,973	)
Net gains (losses) on sales of shares of affiliates		(29,401	)		28,968			(58,370	)
Losses on pension buyout		(78,111	)		—			(78,111	)
Gains on transfer of businesses		—			31,021			(31,021	)
Profits before income taxes		1,569,923			1,489,857			80,066
Income taxes-current		493,256			413,935			79,321
Refund of income taxes		(56,288	)		(22,300	)		(33,987	)
Income taxes-deferred		(67,361	)		(108,224	)		40,862
Total taxes		369,607			283,410			86,196
Profits		1,200,316			1,206,447			(6,130	)
Profits attributable to non-controlling interests		83,820			75,606			8,213

Profits attributable to owners of parent		1,116,496			1,130,840			(14,344	)


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
*2. In connection with the planned sale of the shares in MUFG Union Bank, N.A. (“MUB”), an aggregate of ¥952,590 million of losses were recognized primarily in accordance with Accounting Standards Codification (“ASC”) Topic 326, “Financial Instruments - Credit losses,” and ASC Topic 310, “Receivables.” These losses consist mainly of ¥555,421 million of valuation losses related to securities held for sale, which are included in Other non-recurring gains (losses), and ¥400,511 million of valuation losses related to loans held for sale, which are included in Losses on loan write-offs.
*3. “Gains on sales of shares of subsidiaries” includes ¥699,509 million of gains on sales of shares of subsidiaries resulting from the sale of the shares in MUB.

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(674,842	)		(331,435	)		(343,406	)

Number of consolidated subsidiaries		246			252			(6	)
Number of affiliated companies accounted for under the equity method		46			53			(7	)

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2023 (A)			March 31, 2022 (B)			(Decrease) (A) - (B)
Gross profits		2,150,510			1,876,109			274,400
Gross profits before credit costs for trust accounts		2,150,510			1,876,060			274,449
Domestic gross profits		1,129,899			1,134,706			(4,807	)
Net interest income		734,884			594,864			140,019
Trust fees		111,924			116,631			(4,706	)
Credit costs for trust accounts (1)		—			49			(49	)
Net fees and commissions		358,002			352,131			5,870
Net trading profits		(9,246	)		(12,516	)		3,269
Net other operating profits		(65,666	)		83,595			(149,261	)
Net gains (losses) on debt securities		(102,278	)		37,650			(139,928	)
Non-domestic gross profits		1,020,610			741,402			279,208
Net interest income		1,119,761			562,918			556,843
Net fees and commissions		266,557			187,861			78,696
Net trading profits		65,846			36,943			28,902
Net other operating profits		(431,555	)		(46,320	)		(385,234	)
Net gains (losses) on debt securities		(780,359	)		(189,882	)		(590,476	)
General and administrative expenses		1,350,891			1,325,171			25,720
Personnel expenses		476,225			424,863			51,362
Non-personnel expenses		800,355			833,773			(33,418	)
Taxes		74,311			66,534			7,776
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		799,618			550,889			248,729
Provision for general allowance for credit losses (2)		(40,374	)		(1,131	)		(39,243	)
Net operating profits		759,243			549,806			209,436
Net non-recurring gains (losses)		315,640			72,862			242,777
Credit costs (3)		(88,696	)		(248,863	)		160,166
Reversal of allowance for credit losses (4)		—			199			(199	)
Reversal of reserve for contingent losses included in credit costs (5)		9,798			—			9,798
Gains on loans written-off (6)		20,450			15,862			4,588
Net gains (losses) on equity securities		286,114			321,023			(34,909	)
Gains on sales of equity securities		322,193			365,967			(43,774	)
Losses on sales of equity securities		(27,596	)		(34,252	)		6,655
Losses on write-down of equity securities		(8,482	)		(10,691	)		2,209
Other non-recurring gains (losses)		87,973			(15,358	)		103,332

Ordinary profits		1,074,883			622,668			452,214

Net extraordinary gains (losses)		330,501			(125,864	)		456,365
Net gains (losses) on disposition of fixed assets		(2,278	)		15,606			(17,884	)
Losses on impairment of fixed assets		(10,125	)		(141,761	)		131,636
Gains on sales of shares of subsidiaries*		415,106			—			415,106
Gains on negative goodwill		11,040			—			11,040
Losses on sales of shares of affiliates		(5,248	)		—			(5,248	)
Losses on pension buyout		(78,111	)		—			(78,111	)
Income before income taxes		1,405,385			496,804			908,580
Income taxes-current		339,374			257,739			81,634
Refund of income taxes		(48,788	)		(16,670	)		(32,118	)
Income taxes-deferred		(25,200	)		(92,493	)		67,293
Total taxes		265,385			148,576			116,809

Net income		1,139,999			348,228			791,771


Note:
* “Gains on sales of shares of subsidiaries” is related to a transaction with MUAH.

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(98,822	)		(233,884	)		135,062
Credit costs for trust accounts		—			49			(49	)
Provision for general allowance for credit losses		(40,374	)		(933	)		(39,441	)
Provision for special allowance for credit losses		(67,550	)		(167,246	)		99,695
Allowance for credit to specific foreign borrowers		5,188			(36,803	)		41,992
Losses on loans write-offs		(15,419	)		(18,113	)		2,693
Provision for contingent losses included in credit costs		9,614			(20,812	)		30,427
Gains on loans written-off		20,450			15,862			4,588
Losses on sales of other loans, etc.		(10,731	)		(5,886	)		(4,845	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		1,682,255			703,121			979,134
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		1,126,493			668,396			458,097

Mitsubishi UFJ Financial Group, Inc.

BK Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2023 (A)			March 31, 2022 (B)			(Decrease) (A) - (B)
Gross profits		3,240,353			2,696,605			543,747
Net interest income		2,388,320			1,749,480			638,839
Trust fees		12,258			11,981			277
Net fees and commissions		894,410			739,697			154,712
Net trading profits		130,570			79,596			50,973
Net other operating profits		(185,205	)		115,850			(301,056	)
Net gains (losses) on debt securities		(590,505	)		(103,259	)		(487,246	)
General and administrative expenses		2,004,252			1,876,124			128,128
Amortization of goodwill		7,551			6,550			1,001
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		1,243,652			827,031			416,620
Net operating profits before provision for general allowance for credit losses		1,236,100			820,481			415,618
Provision for general allowance for credit losses (1)		(34,640	)		64,123			(98,763	)
Net operating profits*1		1,201,460			884,605			316,855
Net non-recurring gains (losses)		(914,490	)		(59,766	)		(854,723	)
Credit costs (2)		(646,764	)		(393,589	)		(253,175	)
Losses on loan write-offs*2		(465,102	)		(82,069	)		(383,032	)
Provision for specific allowance for credit losses		(180,652	)		(244,792	)		64,140
Other credit costs		(1,009	)		(66,726	)		65,717
Reversal of allowance for credit losses (3)		—			—			—
Reversal of reserve for contingent losses included in credit costs (4)		11,551			—			11,551
Gains on loans written-off (5)		71,721			64,283			7,438
Net gains (losses) on equity securities		218,639			277,073			(58,434	)
Gains on sales of equity securities		259,129			315,451			(56,321	)
Losses on sales of equity securities		(27,516	)		(28,576	)		1,059
Losses on write-down of equity securities		(12,974	)		(9,801	)		(3,172	)
Equity in earnings of equity method investees		36,824			25,038			11,786
Other non-recurring gains (losses)*2		(606,463	)		(32,573	)		(573,890	)

Ordinary profits		286,969			824,838			(537,868	)

Net extraordinary gains (losses)		584,103			(82,555	)		666,658
Net gains (losses) on disposition of fixed assets		(384	)		15,768			(16,152	)
Losses on impairment of fixed assets		(6,925	)		(162,686	)		155,761
Gains on sales of shares of subsidiaries*3		699,509			4,295			695,213
Net gains (losses) on sales of shares of affiliates		(29,985	)		28,968			(58,954	)
Losses on pension buyout		(78,111	)		—			(78,111	)
Gains on transfer of businesses		—			22,702			(22,702	)
Gains on change in equity		—			8,395			(8,395	)
Profits before income taxes		871,073			742,283			128,789
Income taxes-current		395,512			300,237			95,275
Refund of income taxes		(48,192	)		(13,499	)		(34,692	)
Income taxes-deferred		(94,318	)		(82,449	)		(11,869	)
Total taxes		253,001			204,288			48,713
Profits		618,071			537,994			80,076
Profits attributable to non-controlling interests		16,037			34,993			(18,956	)

Profits attributable to owners of parent		602,034			503,001			99,033


Note:
*1. Net operating profits = Net operating profits of BK + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions
*2. In connection with the planned sale of the shares in MUB, an aggregate of ¥952,590 million of losses were recognized primarily in accordance with ASC Topic 326, “Financial Instruments - Credit losses,” and ASC Topic 310, “Receivables.” These losses consist mainly of ¥555,421 million of valuation losses related to securities held for sale, which are included in Other non-recurring gains (losses), and ¥400,511 million of valuation losses related to loans held for sale, which are included in Losses on loan write-offs.
*3. “Gains on sales of shares of subsidiaries” includes ¥699,509 million of gains on sales of shares of subsidiaries resulting from the sale of the shares in MUB.

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(598,131	)		(265,182	)		(332,948	)

Number of consolidated subsidiaries		108			115			(7	)
Number of affiliated companies accounted for under the equity method		42			46			(4	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2023 (A)			March 31, 2022 (B)			(Decrease) (A) - (B)
Gross profits		1,844,033			1,509,738			334,295
Domestic gross profits		843,285			848,134			(4,849	)
Net interest income		675,384			551,479			123,905
Net fees and commissions		253,364			243,311			10,053
Net trading profits		3,005			1,009			1,995
Net other operating profits		(88,469	)		52,333			(140,803	)
Net gains (losses) on debt securities		(97,938	)		36,938			(134,876	)
Non-domestic gross profits		1,000,748			661,604			339,144
Net interest income		808,355			433,495			374,859
Net fees and commissions		265,590			185,870			79,720
Net trading profits		75,756			48,236			27,519
Net other operating profits		(148,953	)		(5,997	)		(142,955	)
Net gains (losses) on debt securities		(493,067	)		(149,035	)		(344,031	)
General and administrative expenses		1,153,573			1,135,332			18,241
Personnel expenses		413,043			363,197			49,845
Non-personnel expenses		674,889			712,553			(37,663	)
Amortization of goodwill		2,451			1,583			868
Taxes		65,641			59,581			6,059
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		692,911			375,989			316,922
Net operating profits before provision for general allowance for credit losses		690,460			374,406			316,053
Provision for general allowance for credit losses (1)		(40,334	)		(1,131	)		(39,203	)
Net operating profits		650,125			373,274			276,850
Net non-recurring gains (losses)		253,619			33,782			219,837
Credit costs (2)		(88,507	)		(248,736	)		160,229
Reversal of allowance for credit losses (3)		—			—			—
Reversal of reserve for contingent losses included in credit costs (4)		9,798			—			9,798
Gains on loans written-off (5)		20,450			15,841			4,609
Net gains (losses) on equity securities		224,294			270,555			(46,260	)
Gains on sales of equity securities		256,280			308,758			(52,477	)
Losses on sales of equity securities		(25,697	)		(28,394	)		2,696
Losses on write-down of equity securities		(6,289	)		(9,809	)		3,520
Other non-recurring gains (losses)		87,583			(3,877	)		91,461

Ordinary profits		903,744			407,057			496,687

Net extraordinary gains (losses)		335,850			(120,858	)		456,708
Net gains (losses) on disposition of fixed assets		(1,893	)		14,882			(16,775	)
Losses on impairment of fixed assets		(5,043	)		(135,697	)		130,654
Gains on sales of shares of subsidiaries*		415,106			—			415,106
Gains on negative goodwill		11,040			—			11,040
Losses on sales of shares of affiliates		(5,248	)		—			(5,248	)
Losses on pension buyout		(78,111	)		—			(78,111	)
Income before income taxes		1,239,594			286,198			953,396
Income taxes-current		298,231			202,647			95,583
Refund of income taxes		(43,483	)		(11,718	)		(31,764	)
Income taxes-deferred		(30,607	)		(93,074	)		62,467
Total taxes		224,140			97,854			126,286

Net income		1,015,454			188,344			827,110


Note:
* “Gains on sales of shares of subsidiaries” is related to a transaction with MUAH.

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(98,592	)		(234,026	)		135,433
Provision for general allowance for credit losses		(40,334	)		(1,131	)		(39,203	)
Provision for special allowance for credit losses		(67,544	)		(167,247	)		99,703
Allowance for credit to specific foreign borrowers		5,188			(36,803	)		41,992
Losses on loans write-off		(15,419	)		(18,113	)		2,693
Provision for contingent losses included in credit costs		9,798			(20,685	)		30,483
Gains on loans written-off		20,450			15,841			4,609
Losses on sales of other loans, etc.		(10,731	)		(5,886	)		(4,845	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities		1,281,465			486,503			794,961
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		974,269			443,081			531,188

Mitsubishi UFJ Financial Group, Inc.

TB Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2023 (A)			March 31, 2022 (B)			(Decrease) (A) - (B)
Gross profits		549,851			585,295			(35,444	)
Gross profits before credit costs for trust accounts		549,851			585,246			(35,394	)
Trust fees		128,802			132,557			(3,755	)
Trust fees before credit costs for trust accounts		128,802			132,508			(3,706	)
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		15,035			17,158			(2,122	)
Other trust fees		113,766			115,350			(1,583	)
Credit costs for trust accounts (1)		—			49			(49	)
Net interest income		352,384			137,165			215,218
Net fees and commissions		324,161			329,845			(5,684	)
Net trading profits		(20,155	)		(20,816	)		660
Net other operating profits		(235,340	)		6,542			(241,883	)
Net gains (losses) on debt securities		(291,736	)		(39,699	)		(252,037	)
General and administrative expenses		399,994			384,299			15,694
Amortization of goodwill		12,403			11,498			904
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		162,260			212,444			(50,184	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		149,856			200,946			(51,089	)
Provision for general allowance for credit losses (2)		(95	)		—			(95	)
Net operating profits*		149,761			200,995			(51,233	)
Net non-recurring gains (losses)		55,481			37,545			17,935
Credit costs (3)		26			(277	)		303
Losses on loan write-offs		(0	)		(18	)		18
Provision for specific allowance for credit losses		26			—			26
Other credit costs		—			(259	)		259
Reversal of allowance for credit losses (4)		—			220			(220	)
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		16			34			(18	)
Net gains (losses) on equity securities		61,721			50,507			11,213
Gains on sales of equity securities		65,912			57,218			8,693
Losses on sales of equity securities		(1,913	)		(5,858	)		3,944
Losses on write-down of equity securities		(2,277	)		(852	)		(1,424	)
Equity in earnings of equity method investees		1,695			1,600			95
Other non-recurring gains (losses)		(7,978	)		(14,540	)		6,562

Ordinary profits		205,242			238,541			(33,298	)

Net extraordinary gains (losses)		(5,733	)		(5,792	)		58
Net gains (losses) on disposition of fixed assets		(328	)		513			(842	)
Losses on impairment of fixed assets		(5,404	)		(6,306	)		901
Profits before income taxes		199,508			232,748			(33,239	)
Income taxes-current		55,066			69,706			(14,639	)
Income taxes-deferred		3,845			(1,864	)		5,709
Total taxes		58,912			67,842			(8,929	)
Profits		140,596			164,906			(24,310	)
Profits attributable to non-controlling interests		524			561			(36	)

Profits attributable to owners of parent		140,072			164,345			(24,273	)


Note:
* Net operating profits = Net operating profits of TB + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(52	)		27			(80	)

Number of consolidated subsidiaries		105			107			(2	)
Number of affiliated companies accounted for under the equity method		4			4			—

TB Consolidated (combined operating results of TB and transferred entities to Intermediate Holding Company in the United States) To comply with the financial regulations in the United States, TB transferred the interests in its subsidiaries in the United States to the Intermediate Holding Company (“IHC”) in United States which are owned by BK and MUFG. The combined operating results of TB and transferred entities are as follows (the operating results of transferred entities are prepared for managerial accounting purpose):

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		152,632			202,700			(50,067	)
Profits attributable to owners of parent		141,988			165,527			(23,538	)
Number of the entities transferred to IHC		4			4			—

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2023 (A)			March 31, 2022 (B)			(Decrease) (A) - (B)
Gross profits		306,476			366,370			(59,894	)
Gross profits before credit costs for trust accounts		306,476			366,321			(59,845	)
Domestic gross profits		286,614			286,572			41
Trust fees		111,924			116,631			(4,706	)
Trust fees before credit costs for trust accounts		111,924			116,582			(4,657	)
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		15,035			17,158			(2,122	)
Other trust fees		96,889			99,424			(2,534	)
Credit costs for trust accounts (1)		—			49			(49	)
Net interest income		59,499			43,384			16,114
Net fees and commissions		104,638			108,820			(4,182	)
Net trading profits		(12,252	)		(13,525	)		1,273
Net other operating profits		22,803			31,261			(8,457	)
Net gains (losses) on debt securities		(4,339	)		711			(5,051	)
Non-domestic gross profits		19,862			79,798			(59,935	)
Net interest income		311,406			129,423			181,983
Net fees and commissions		967			1,990			(1,023	)
Net trading profits		(9,910	)		(11,293	)		1,383
Net other operating profits		(282,601	)		(40,322	)		(242,278	)
Net gains (losses) on debt securities		(287,291	)		(40,847	)		(246,444	)
General and administrative expenses		197,317			189,838			7,478
Personnel expenses		63,182			61,665			1,516
Non-personnel expenses		125,465			121,220			4,245
Taxes		8,670			6,953			1,716
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		109,158			176,482			(67,324	)
Provision for general allowance for credit losses (2)		(40	)		—			(40	)
Net operating profits		109,118			176,531			(67,413	)
Net non-recurring gains (losses)		62,020			39,079			22,940
Credit costs (3)		(189	)		(127	)		(62	)
Reversal of allowance for credit losses (4)		—			199			(199	)
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		0			20			(20	)
Net gains (losses) on equity securities		61,819			50,468			11,351
Gains on sales of equity securities		65,912			57,209			8,703
Losses on sales of equity securities		(1,899	)		(5,858	)		3,958
Losses on write-down of equity securities		(2,193	)		(882	)		(1,310	)
Other non-recurring gains (losses)		390			(11,480	)		11,871

Ordinary profits		171,138			215,611			(44,472	)

Net extraordinary gains (losses)		(5,348	)		(5,005	)		(343	)
Net gains (losses) on disposition of fixed assets		(385	)		723			(1,108	)
Losses on impairment of fixed assets		(5,081	)		(6,063	)		981
Income before income taxes		165,790			210,606			(44,815	)
Income taxes-current		35,838			50,141			(14,303	)
Income taxes-deferred		5,406			580			4,825
Total taxes		41,244			50,721			(9,477	)

Net income		124,545			159,884			(35,338	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(229	)		141			(371	)
Credit costs for trust accounts		—			49			(49	)
Provision for general allowance for credit losses		(40	)		197			(238	)
Provision for special allowance for credit losses		(6	)		1			(7	)
Allowance for credit to specific foreign borrowers		—			—			—
Losses on loans write-offs		—			—			—
Provision for contingent losses included in credit costs		(183	)		(127	)		(55	)
Gains on loans written-off		0			20			(20	)
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		400,790			216,618			184,172
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		152,223			225,314			(73,090	)

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BK Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2023 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2022 (B)
Total average interest rate on interest-earning assets (a)		0.49		0.07			0.41
Average interest rate on loans and bills discounted (b)		0.75		0.00			0.74
Average interest rate on securities		0.49		0.21			0.27
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.32		(0.03	)		0.35
Average interest rate on deposits and NCD (d)		0.00		(0.00	)		0.00
Average interest rate on other liabilities		0.11		0.01			0.09
Overall interest rate spread (a)-(c)		0.16		0.11			0.05
Interest rate spread (b)-(d)		0.75		0.00			0.74

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.77		0.00			0.76
Interest rate spread (e)-(d)		0.77		0.00			0.76

TB Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2023 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2022 (B)
Total average interest rate on interest-earning assets (a)		0.66		0.22			0.44
Average interest rate on loans and bills discounted (b)		0.39		0.02			0.37
Average interest rate on securities		2.31		1.15			1.15
Total average interest rate on interest-bearing liabilities (c)		0.16		0.07			0.09
Average interest rate on deposits and NCD (d)		0.01		(0.00	)		0.02
Overall interest rate spread (a)-(c)		0.50		0.15			0.34
Interest rate spread (b)-(d)		0.37		0.02			0.35

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.75		0.04			0.70
Interest rate spread (e)-(d)		0.73		0.04			0.68

(Reference)
BK and TB Combined
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2023 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2022 (B)
Average interest rate on loans and bills discounted (a)		0.74		0.01			0.73
Average interest rate on deposits and NCD (b)		0.00		(0.00	)		0.00
Interest rate spread (a)-(b)		0.74		0.01			0.73

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (c)		0.77		0.01			0.76
Interest rate spread (c)-(b)		0.77		0.01			0.76

Mitsubishi UFJ Financial Group, Inc.

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

MUFG Consolidated

(in billions of yen)

As of March 31, 2023

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

1,349.7

15,957.8

15,378.8

32,686.3

Receive-floater/pay-fix

4,276.7

4,041.2

6,789.4

15,107.4

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

5,626.4

19,999.1

22,168.3

47,793.8

BK Consolidated

(in billions of yen)

As of March 31, 2023

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

1,349.7

15,237.9

15,224.1

31,811.7

Receive-floater/pay-fix

4,025.8

2,835.2

5,346.4

12,207.5

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

5,375.5

18,073.2

20,570.5

44,019.3

TB Consolidated

(in billions of yen)

As of March 31, 2023

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

—

571.7

125.4

697.2

Receive-floater/pay-fix

250.9

1,141.8

1,416.4

2,809.1

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

250.9

1,713.6

1,541.8

3,506.3

Mitsubishi UFJ Financial Group, Inc.

4. Securities

MUFG Consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, securitized products in “Monetary claims bought” and others in addition to “Securities”.

Fair Value Information on Securities


	(in millions of yen)
	As of March 31, 2023									As of March 31, 2022
	Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses
Debt securities being held to maturity		21,520,080		(133,925	)		49,237		183,163		4,595,108		14,236			29,136		14,899
Domestic bonds		15,052,012		8,012			35,612		27,599		1,983,383		8,946			13,695		4,748
Government bonds		13,513,972		12,778			32,129		19,351		1,748,029		10,167			13,689		3,521
Municipal bonds		1,144,825		(5,334	)		2,473		7,808		175,071		(1,111	)		4		1,115
Short-term corporate bonds		—		—			—		—		—		—			—		—
Corporate bonds		393,214		568			1,009		440		60,283		(110	)		1		111
Other		6,468,068		(141,938	)		13,625		155,563		2,611,724		5,290			15,441		10,151
Foreign bonds		3,913,345		(92,148	)		13,606		105,754		234,652		(8,728	)		49		8,777
Other		2,554,723		(49,790	)		18		49,809		2,377,072		14,019			15,392		1,373

	(in millions of yen)
	As of March 31, 2023									As of March 31, 2022
	Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses
Available-for-sale securities		65,121,075		1,420,165			3,056,638		1,636,472		74,909,679		2,391,884			3,617,882		1,225,998
Domestic equity securities		4,271,923		2,720,728			2,745,235		24,506		4,613,704		2,914,100			2,960,076		45,975
Domestic bonds		29,751,905		(120,020	)		22,256		142,277		40,433,641		(61,811	)		87,345		149,157
Government bonds		23,518,832		(86,365	)		9,112		95,477		31,411,854		(55,402	)		64,264		119,666
Municipal bonds		2,759,940		(13,808	)		2,062		15,871		4,146,145		(8,315	)		6,671		14,987
Short-term corporate bonds		—		—			—		—		1,010,637		29			48		18
Corporate bonds		3,473,132		(19,846	)		11,081		30,928		3,865,004		1,876			16,361		14,485
Other		31,097,247		(1,180,541	)		289,146		1,469,688		29,862,332		(460,404	)		570,460		1,030,865
Foreign equity securities		408,377		(65,604	)		23,090		88,695		218,599		27,791			49,635		21,844
Foreign bonds		21,710,161		(1,116,208	)		61,205		1,177,413		22,030,527		(852,866	)		76,676		929,542
Other		8,978,707		1,271			204,850		203,579		7,613,205		364,670			444,148		79,478

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2023									As of March 31, 2022
	within 1 year		1 year to 5 years			5 years to 10 years		over 10 years		within 1 year		1 year to 5 years			5 years to 10 years		over 10 years
Domestic bonds		21,506,334		14,905,051			5,983,826		2,408,704		22,545,812		9,629,952			6,249,021		3,992,239
Government bonds		20,839,280		11,024,384			4,063,028		1,106,111		21,026,975		6,019,462			3,549,886		2,563,559
Municipal bonds		294,616		2,076,089			1,534,060		—		154,954		2,033,951			2,132,310		—
Short-term corporate bonds		—		—			—		—		1,010,637		—			—		—
Corporate bonds		372,438		1,804,578			386,737		1,302,593		353,245		1,576,538			566,824		1,428,679
Other		4,584,824		12,566,123			6,311,613		10,762,201		3,864,253		6,519,765			7,914,092		10,070,686
Foreign equity securities		6,690		27,734			—		—		8,664		23,807			—		—
Foreign bonds		3,759,532		9,126,577			4,383,117		8,354,116		2,566,945		5,181,663			6,068,331		8,448,239
Other		818,601		3,411,810			1,928,496		2,408,084		1,288,643		1,314,294			1,845,760		1,622,446
Total		26,091,159		27,471,175			12,295,440		13,170,906		26,410,066		16,149,717			14,163,113		14,062,925

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, securitized products in “Monetary claims bought” and others in addition to “Securities”.

Fair Value Information on Securities


	(in millions of yen)
	As of March 31, 2023									As of March 31, 2022
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Debt securities being held to maturity		19,047,385		(78,497	)		49,199		127,696		2,728,406		297			15,131		14,833
Stocks of subsidiaries and affiliates		610,147		482,330			482,914		584		625,594		535,950			537,751		1,800

	(in millions of yen)
	As of March 31, 2023									As of March 31, 2022
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Available-for-sale securities		50,631,570		1,276,158			2,374,166		1,098,007		55,874,928		1,904,848			2,746,330		841,482
Domestic equity securities		3,566,081		2,212,225			2,232,823		20,598		3,855,125		2,380,640			2,418,512		37,872
Domestic bonds		28,013,980		(79,159	)		21,133		100,292		37,547,364		(42,152	)		85,177		127,330
Other		19,051,508		(856,907	)		120,209		977,117		14,472,439		(433,638	)		242,640		676,279
Foreign equity securities		367,745		(73,953	)		15,072		89,026		165,955		18,877			40,706		21,829
Foreign bonds		12,565,104		(672,998	)		48,517		721,516		9,852,226		(581,375	)		5,121		586,497
Other		6,118,658		(109,954	)		56,619		166,573		4,454,257		128,859			196,812		67,953
Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2023									As of March 31, 2022
	within 1 year		1 year to 5 years			5 years to 10 years		over 10 years		within 1 year		1 year to 5 years			5 years to 10 years		over 10 years
Domestic bonds		21,479,460		14,127,226			5,612,956		1,846,349		21,487,517		9,420,731			5,355,684		3,266,814
Government bonds		20,827,187		10,418,215			3,819,123		670,500		20,987,225		5,953,200			2,828,608		1,960,988
Municipal bonds		292,101		2,002,924			1,413,467		—		154,954		1,980,386			1,987,686		—
Short-term corporate bonds		—		—			—		—		—		—			—		—
Corporate bonds		360,171		1,706,086			380,365		1,175,849		345,337		1,487,145			539,389		1,305,825
Other		2,668,272		9,065,937			2,182,686		7,468,702		2,832,704		2,237,751			3,226,076		5,019,375
Foreign equity securities		6,690		27,734			—		—		—		12,204			—		—
Foreign bonds		2,180,275		5,989,003			1,525,102		6,370,025		1,663,915		1,324,385			2,529,851		4,568,726
Other		481,305		3,049,198			657,584		1,098,677		1,168,788		901,161			696,224		450,648
Total		24,147,732		23,193,164			7,795,642		9,315,052		24,320,221		11,658,483			8,581,760		8,286,190

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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

Fair Value Information on Securities


	(in millions of yen)
	As of March 31, 2023									As of March 31, 2022
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Debt securities being held to maturity		2,472,695		(55,428	)		38		55,466		1,770,646		10,587			10,653		66
Stocks of subsidiaries and affiliates		11,636		(758	)		—		758		68,203		4,512			4,722		210

	(in millions of yen)
	As of March 31, 2023									As of March 31, 2022
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Available-for-sale securities		10,871,284		208,580			626,109		417,529		12,685,391		471,160			758,386		287,225
Domestic equity securities		745,387		467,925			472,431		4,506		790,399		477,909			488,348		10,439
Domestic bonds		1,705,587		(40,984	)		1,114		42,098		2,852,749		(19,783	)		2,166		21,950
Other		8,420,308		(218,360	)		152,563		370,923		9,042,242		13,035			267,870		254,835
Foreign equity securities		81		63			63		—		63		46			46		—
Foreign bonds		6,367,896		(334,590	)		9,436		344,026		6,631,313		(211,307	)		32,230		243,537
Other		2,052,330		116,165			143,062		26,897		2,410,865		224,295			235,593		11,298
Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2023									As of March 31, 2022
	within 1 year		1 year to 5 years			5 years to 10 years		over 10 years		within 1 year		1 year to 5 years			5 years to 10 years		over 10 years
Domestic bonds		14,781		759,692			368,758		562,355		1,032,852		203,174			891,297		725,424
Government bonds		—		588,036			243,905		435,611		14,307		60,216			721,277		602,570
Municipal bonds		2,515		73,164			120,593		—		—		53,565			144,623		—
Short-term corporate bonds		—		—			—		—		1,010,637		—			—		—
Corporate bonds		12,266		98,491			4,260		126,743		7,908		89,392			25,396		122,854
Other		1,039,868		1,450,370			3,517,807		3,293,498		305,151		2,114,693			3,214,312		3,112,766
Foreign equity securities		—		—			—		—		—		—			—		—
Foreign bonds		1,006,548		1,268,451			3,424,962		3,140,629		304,884		1,934,510			3,145,175		3,017,388
Other		33,320		181,918			92,844		152,868		266		180,182			69,136		95,378
Total		1,054,649		2,210,062			3,886,565		3,855,853		1,338,004		2,317,867			4,105,610		3,838,191

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the fiscal year
ended
March 31, 2023
(A)

Increase
(Decrease)
(A) - (B)

For the fiscal year
ended
March 31, 2022
(B)

ROE

7.03

(0.75

)

7.79

Note:

ROE is computed as follows:

Profits attributable to owners of parent

× 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

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio


MUFG Consolidated	(in billions of yen)
	As of March 31, 2023 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)			As of September 30, 2022
(1) Total capital ratio (4)/(7)		13.91	%		(0.38	)%		14.29	%		13.04	%
(2) Tier 1 capital ratio (5)/(7)		12.04	%		(0.34	)%		12.38	%		11.15	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		10.76	%		(0.30	)%		11.06	%		9.82	%
(4) Total capital		17,166.1			(692.5	)		17,858.6			17,234.2
(5) Tier 1 capital		14,863.7			(612.5	)		15,476.2			14,743.4
(6) Common Equity Tier 1 capital		13,280.8			(543.0	)		13,823.9			12,984.2
(7) Risk weighted assets		123,363.3			(1,550.8	)		124,914.2			132,159.3
(8) Required Capital (7)×8%		9,869.0			(124.0	)		9,993.1			10,572.7

BK Consolidated	(in billions of yen)
	As of March 31, 2023 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)			As of September 30, 2022
(1) Total capital ratio (4)/(7)		12.58	%		(0.35	)%		12.94	%		11.27	%
(2) Tier 1 capital ratio (5)/(7)		11.04	%		(0.07	)%		11.11	%		9.67	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		9.89	%		0.03	%		9.86	%		8.49	%
(4) Total capital		14,207.8			130.9			14,076.8			13,936.3
(5) Tier 1 capital		12,469.2			377.0			12,092.1			11,956.6
(6) Common Equity Tier 1 capital		11,172.1			443.5			10,728.5			10,496.1
(7) Risk weighted assets		112,870.4			4,117.6			108,752.8			123,573.2
(8) Required Capital (7)×8%		9,029.6			329.4			8,700.2			9,885.8

TB Consolidated	(in billions of yen)
	As of March 31, 2023 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)			As of September 30, 2022
(1) Total capital ratio (4)/(7)		20.67	%		(0.10	)%		20.78	%		19.37	%
(2) Tier 1 capital ratio (5)/(7)		17.93	%		(1.09	)%		19.03	%		16.86	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		16.41	%		(0.89	)%		17.31	%		15.14	%
(4) Total capital		2,041.5			72.2			1,969.2			1,928.8
(5) Tier 1 capital		1,770.9			(32.3	)		1,803.3			1,679.2
(6) Common Equity Tier 1 capital		1,620.8			(19.5	)		1,640.4			1,508.3
(7) Risk weighted assets		9,875.3			399.4			9,475.9			9,957.1
(8) Required Capital (7)×8%		790.0			31.9			758.0			796.5

BK Non-consolidated	(in billions of yen)
	As of March 31, 2023 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)			As of September 30, 2022
(1) Total capital ratio (4)/(7)		10.71	%		(1.19	)%		11.91	%		10.03	%
(2) Tier 1 capital ratio (5)/(7)		9.30	%		(0.90	)%		10.20	%		8.59	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		8.11	%		(0.70	)%		8.81	%		7.27	%
(4) Total capital		11,115.3			(52.2	)		11,167.5			10,674.4
(5) Tier 1 capital		9,644.1			78.3			9,565.7			9,134.2
(6) Common Equity Tier 1 capital		8,410.2			148.6			8,261.6			7,738.1
(7) Risk weighted assets		103,687.7			9,958.3			93,729.3			106,322.0
(8) Required Capital (7)×8%		8,295.0			796.6			7,498.3			8,505.7

TB Non-consolidated	(in billions of yen)
	As of March 31, 2023 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)			As of September 30, 2022
(1) Total capital ratio (4)/(7)		19.60	%		(0.37	)%		19.97	%		18.44	%
(2) Tier 1 capital ratio (5)/(7)		17.11	%		(1.30	)%		18.42	%		16.19	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		15.74	%		(1.14	)%		16.89	%		14.65	%
(4) Total capital		2,131.0			8.1			2,122.8			2,039.8
(5) Tier 1 capital		1,861.1			(96.1	)		1,957.3			1,790.9
(6) Common Equity Tier 1 capital		1,711.6			(83.1	)		1,794.8			1,620.4
(7) Risk weighted assets		10,871.2			245.8			10,625.3			11,056.2
(8) Required Capital (7)×8%		869.6			19.6			850.0			884.5

Note:

Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006. Risk-adjusted capital ratio of BK and TB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

Mitsubishi UFJ Financial Group, Inc.

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

MUFG Consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)


	(in millions of yen)
	As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Bankrupt or De facto Bankrupt		198,312			252,148			(53,836	)
Doubtful		746,207			799,214			(53,007	)
Special Attention		618,892			420,453			198,438
Accruing loans contractually past due 3 months or more		23,679			12,104			11,575
Restructured loans		595,212			408,348			186,863
Subtotal (A)		1,563,411			1,471,816			91,595

Normal(B)		121,766,210			122,326,614			(560,403	)
Total loans (C=A+B)		123,329,622			123,798,430			(468,808	)

Non-performing loans ratio (A)/(C)		1.26	%		1.18	%		0.07	%

Write-offs		216,625			246,542			(29,916	)
(2) Allowance for Credit Losses


	(in millions of yen)
	As of March 31, 2023		Coverage ratio (D)/(A)			As of March 31, 2022		Coverage ratio (D)/(A)			Increase (Decrease)			Coverage ratio (D)/(A)
Allowance for credit losses (D)		1,245,727		79.68	%		1,222,162		83.03	%		23,564			(3.35	)%
General allowance for credit losses		799,536					736,701					62,834
Specific allowance for credit losses		414,026					448,107					(34,081	)
Allowance for credit to specific foreign borrowers		32,165					37,353					(5,188	)


(3) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

Classified by Geographic Area	(in millions of yen)
	As of March 31, 2023		As of March 31, 2022		Increase (Decrease)
Domestic		935,849		866,668		69,181
Overseas		627,561		605,147		22,414
Asia		370,222		302,941		67,280
Indonesia		40,496		40,628		(132	)
Singapore		25,067		39,672		(14,604	)
Thailand		231,386		164,128		67,258
Other		73,272		58,512		14,760
Americas		102,130		178,132		(76,002	)
Europe, Middle East and Other		155,209		124,073		31,135

Total		1,563,411		1,471,816		91,595


Classified by Industry	(in millions of yen)
	As of March 31, 2023		As of March 31, 2022		Increase (Decrease)
Domestic		935,849		866,668		69,181
Manufacturing		355,468		258,373		97,095
Construction		8,467		7,942		524
Wholesale and retail		90,725		128,476		(37,751	)
Finance and insurance		8,119		7,546		572
Real estate, goods rental and leasing		36,097		43,774		(7,676	)
Services		99,295		134,754		(35,458	)
Other industries		77,598		18,285		59,312
Consumer		260,078		267,515		(7,436	)
Overseas		627,561		605,147		22,414
Financial institutions		2,601		10,394		(7,792	)
Commercial and industrial		502,318		479,990		22,327
Other		122,640		114,762		7,878

Total		1,563,411		1,471,816		91,595

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)


									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Bankrupt or De facto Bankrupt										74,448			105,939			(31,490	)
Doubtful										546,567			602,884			(56,316	)
Special Attention										464,199			282,145			182,054
Accruing loans contractually past due 3 months or more										17,167			5,601			11,566
Restructured loans										447,032			276,544			170,488
Subtotal (A)										1,085,215			990,968			94,247

Normal (B)										109,665,679			102,429,934			7,235,745
Total loans (C=A+B)										110,750,895			103,420,902			7,329,992

Non-performing loans ratio (A)/(C)										0.97	%		0.95	%		0.02	%

Write-offs										182,181			206,093			(23,912	)

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

	(in millions of yen)
	As of March 31, 2023		Coverage ratio [(D)+(E)]/(A)			As of March 31, 2022			Coverage ratio [(D)+(E)]/(A)			Increase (Decrease)			Coverage ratio [(D)+(E)]/(A)
Covered amount		805,937		74.26	%		762,202			76.91	%		43,734			(2.64	)%
Allowance for credit losses (D)		333,135					357,001						(23,865	)
Collateral, guarantees, etc. (E)		472,801					405,201						67,600

(3) Coverage Ratio

			(in millions of yen)
Category			Loan amount (A)			Allowance for credit losses (D)			Covered by collateral and/ or guarantees (E)			Allowance coverage ratio for unsecured portion (D) / [(A) - (E)]			Coverage ratio [(D)+(E)]/(A)
Bankrupt or De facto Bankrupt				74,448			5,000			69,448						100.00	%
				[105,939	]		[11,885	]		[94,053	]					[100.00	%]
Doubtful				546,567			224,271			215,061						80.38	%
				[602,884	]		[275,683	]		[223,749	]					[82.84	%]
Special Attention				464,199			103,864			188,292						62.93	%
				[282,145	]		[69,432	]		[87,397	]					[55.58	%]
Total				1,085,215			333,135			472,801						74.26	%
				[990,968	]		[357,001	]		[405,201	]					[76.91	%]

Note: The upper figures are as of March 31, 2023. The lower figures with brackets are as of March 31, 2022.

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

Classified by Geographic Area									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Domestic										750,949			689,877			61,072
Overseas										334,266			301,091			33,174
Asia										97,915			100,863			(2,948	)
Indonesia										—			2,823			(2,823	)
Singapore										25,067			39,672			(14,604	)
Thailand										—			—			—
Other										72,847			58,368			14,479
Americas										102,130			96,239			5,890
Europe, Middle East and Other										134,220			103,987			30,233

Total										1,085,215			990,968			94,247


Classified by Industry									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Domestic										750,949			689,877			61,072
Manufacturing										354,298			257,609			96,689
Construction										8,326			7,893			432
Wholesale and retail										88,785			127,043			(38,258	)
Finance and insurance										8,097			7,524			573
Real estate										22,638			29,981			(7,342	)
Goods rental and leasing										13,438			13,772			(334	)
Services										99,205			134,708			(35,503	)
Other industries										77,283			18,041			59,241
Consumer										78,875			93,301			(14,426	)
Overseas										334,266			301,091			33,174
Financial institutions										2,331			—			2,331
Commercial and industrial										325,729			300,913			24,815
Other										6,204			177			6,027

Total										1,085,215			990,968			94,247

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)


									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Bankrupt or De facto Bankrupt										74,313			105,796			(31,482	)
Doubtful										544,648			601,264			(56,616	)
Special Attention										464,199			282,145			182,054
Accruing loans contractually past due 3 months or more										17,167			5,601			11,566
Restructured loans										447,032			276,544			170,488
Subtotal (A)										1,083,162			989,206			93,955

Normal (B)										107,103,161			99,472,730			7,630,430
Total loans (C=A+B)										108,186,323			100,461,936			7,724,386

Non-performing loans ratio (A)/(C)										1.00	%		0.98	%		0.01	%

Write-offs										182,148			206,061			(23,912	)

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

	(in millions of yen)
	As of March 31, 2023		Coverage ratio [(D)+(E)]/(A)			As of March 31, 2022			Coverage ratio [(D)+(E)]/(A)			Increase (Decrease)			Coverage ratio [(D)+(E)]/(A)
Covered amount		803,883		74.21	%		760,440			76.87	%		43,443			(2.65	)%
Allowance for credit losses (D)		333,135					357,001						(23,865	)
Collateral, guarantees, etc. (E)		470,747					403,438						67,308

(3) Coverage Ratio

			(in millions of yen)
Category			Loan amount (A)			Allowance for credit losses (D)			Covered by collateral and/ or guarantees (E)			Allowance coverage ratio for unsecured portion (D) / [(A) - (E)]			Coverage ratio [(D)+(E)]/(A)
Bankrupt or De facto Bankrupt				74,313			5,000			69,313			100.00	%		100.00	%
				[105,796	]		[11,885	]		[93,911	]		[100.00	%]		[100.00	%]
Doubtful				544,648			224,271			213,141			67.65	%		80.31	%
				[601,264	]		[275,683	]		[222,129	]		[72.71	%]		[82.79	%]
Special Attention				464,199			103,864			188,292			37.64	%		62.93	%
				[282,145	]		[69,432	]		[87,397	]		[35.65	%]		[55.58	%]
Total				1,083,162			333,135			470,747			54.39	%		74.21	%
				[989,206	]		[357,001	]		[403,438	]		[60.94	%]		[76.87	%]

Note: The upper figures are as of March 31, 2023. The lower figures with brackets are as of March 31, 2022.

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

Classified by Geographic Area									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Domestic										748,895			688,114			60,781
Overseas										334,266			301,091			33,174
Asia										97,915			100,863			(2,948	)
Indonesia										—			2,823			(2,823	)
Singapore										25,067			39,672			(14,604	)
Thailand										—			—			—
Other										72,847			58,368			14,479
Americas										102,130			96,239			5,890
Europe, Middle East and Other										134,220			103,987			30,233

Total										1,083,162			989,206			93,955


Classified by Industry									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Domestic										748,895			688,114			60,781
Manufacturing										354,298			257,609			96,689
Construction										8,326			7,893			432
Wholesale and retail										88,785			127,043			(38,258	)
Finance and insurance										8,097			7,524			573
Real estate										22,638			29,971			(7,333	)
Goods rental and leasing										13,438			13,772			(334	)
Services										99,205			134,708			(35,503	)
Other industries										77,283			18,041			59,241
Consumer										76,821			91,548			(14,726	)
Overseas										334,266			301,091			33,174
Financial institutions										2,331			—			2,331
Commercial and industrial										325,729			300,913			24,815
Other										6,204			177			6,027

Total										1,083,162			989,206			93,955

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)


									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Bankrupt or De facto Bankrupt										134			142			(8	)
Doubtful										1,919			1,618			300
Special Attention										—			—			—
Accruing loans contractually past due 3 months or more										—			—			—
Restructured loans										—			—			—
Subtotal (A)										2,053			1,761			292

Normal (B)										2,558,578			2,952,474			(393,896	)
Total loans (C=A+B)										2,560,632			2,954,236			(393,603	)

Non-performing loans ratio (A)/(C)										0.08	%		0.05	%		0.03	%

Write-offs										32			32			(0	)

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

	(in millions of yen)
	As of March 31, 2023		Coverage ratio [(D)+(E)]/(A)			As of March 31, 2022			Coverage ratio [(D)+(E)]/(A)			Increase (Decrease)			Coverage ratio [(D)+(E)]/(A)
Covered amount		2,053		100.00	%		1,761			100.00	%		292			—
Allowance for credit losses(D)		—					—						—
Collateral, guarantees, etc.(E)		2,053					1,761						292

(3) Coverage Ratio

			(in millions of yen)
Category			Loan amount (A)			Allowance for credit losses (D)			Covered by collateral and/ or guarantees (E)			Allowance coverage ratio for unsecured portion (D) / [(A) - (E)]			Coverage ratio [(D)+(E)]/(A)
Bankrupt or De facto Bankrupt				134			—			134			—			100.00	%
				[142	]		[—	]		[142	]		[—	]		[100.00	%]
Doubtful				1,919			—			1,919			—			100.00	%
				[1,618	]		[—	]		[1,618	]		[—	]		[100.00	%]
Special Attention				—			—			—			—			—
				[—	]		[—	]		[—	]		[—	]		[—	]
Total				2,053			—			2,053			—			100.00	%
				[1,761	]		[—	]		[1,761	]		[—	]		[100.00	%]

Note: The upper figures are as of March 31, 2023. The lower figures with brackets are as of March 31, 2022.

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

Classified by Geographic Area									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Domestic										2,053			1,761			292
Overseas										—			—			—
Asia										—			—			—
Indonesia										—			—			—
Singapore										—			—			—
Thailand										—			—			—
Other										—			—			—
Americas										—			—			—
Europe, Middle East and Other										—			—			—

Total										2,053			1,761			292


Classified by Industry									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Domestic										2,053			1,761			292
Manufacturing										—			—			—
Construction										—			—			—
Wholesale and retail										—			—			—
Finance and insurance										—			—			—
Real estate										—			9			(9	)
Goods rental and leasing										—			—			—
Services										—			—			—
Other industries										—			—			—
Consumer										2,053			1,751			302
Overseas										—			—			—
Financial institutions										—			—			—
Commercial and industrial										—			—			—
Other										—			—			—

Total										2,053			1,761			292

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)


									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Bankrupt or De facto Bankrupt										—			—			—
Doubtful										—			1			(1	)
Special Attention										—			—			—
Accruing loans contractually past due 3 months or more										—			—			—
Restructured loans										—			—			—
Subtotal (A)										—			1			(1	)

Normal(B)										3,939			4,728			(788	)
Total loans (C=A+B)										3,939			4,730			(790	)

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

Write-offs										—			—			—

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

	(in millions of yen)
	As of March 31, 2023		Coverage ratio [(D)+(E)]/(A)			As of March 31, 2022			Coverage ratio [(D)+(E)]/(A)			Increase (Decrease)			Coverage ratio [(D)+(E)]/(A)
Covered amount		—		—			1			100.00	%		(1	)		(100.00	)%
Allowance for credit losses(D)		—					—						—
Collateral, guarantees, etc.(E)		—					1						(1	)

(3) Coverage Ratio

			(in millions of yen)
Category			Loan amount (A)			Allowance for credit losses (D)			Covered by collateral and/ or guarantees (E)			Allowance coverage ratio for unsecured portion (D) / [(A) - (E)]			Coverage ratio [(D)+(E)]/(A)
Bankrupt or De facto Bankrupt				—			—			—			—			—
				[—	]		[—	]		[—	]		[—	]		[—	]
Doubtful				—			—			—			—			—
				[ 1	]		[—	]		[ 1	]		[—	]		[100.00	%]
Special Attention				—			—			—			—			—
				[—	]		[—	]		[—	]		[—	]		[—	]
Total				—			—			—			—			—
				[ 1	]		[—	]		[ 1	]		[—	]		[100.00	%]

Note: The upper figures are as of March 31, 2023. The lower figures with brackets are as of March 31, 2022.

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

Classified by Industry									(in millions of yen)
									As of March 31, 2023			As of March 31, 2022			Increase (Decrease)
Domestic										—			1			(1	)
Manufacturing										—			—			—
Construction										—			—			—
Wholesale and retail										—			—			—
Finance and insurance										—			—			—
Real estate										—			—			—
Goods rental and leasing										—			—			—
Services										—			—			—
Other industries										—			—			—
Consumer										—			1			(1	)

Total										—			1			(1	)

Mitsubishi UFJ Financial Group, Inc.

Overview of Self-Assessment, Status of Coverage, and Loans to Be Disclosed under the Banking Act and the FRA

BK and TB Combined

(in billions of yen)

Self-Assessment

Allowance Coverage
ratio for unsecured
portion

Loans to Be Disclosed

under the Banking Act

and the FRA

Category of
Borrowers

Classification

Non-
Classification

Classification
II

Classification
III

Classification
IV

Bankrupt
Borrowers

[69.4]

[4.0]

[0.9]

(*)

100.00%

i) Bankrupt or De facto Bankrupt

[74.4]

Substantially
Bankrupt
Borrowers

Potentially
Bankrupt
Borrowers

[215.0]

[331.5]

67.65%

ii) Doubtful

[546.5]

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

37.64%

iii) Special Attention

[464.1]

Accruing loans

contractually past due

3 months or more

[17.1]

Restructured loans

[447.0]

Borrowers
Requiring
Caution
(Other
Borrowers)

iv) Normal

[109,661.7]

Normal
Borrowers

Non-Performing Loans

i) + ii) + iii)

1,085.2

Loans to Be Disclosed under the Banking Act and the FRA

i) + ii) + iii) + iv)

110,746.9

(*)	“Customers’ liabilities for acceptances and guarantees” in Classification IV are fully reserved.

Mitsubishi UFJ Financial Group, Inc.

8. Progress in Disposition of Problem Assets

BK Non-consolidated

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRA”


	(in millions of yen)
	As of March 31, 2020		As of March 31, 2021		As of March 31, 2022 (A)		As of March 31, 2023 (B)		(B) - (A)
Assets newly categorized during fiscal 2019		196,249		107,696		60,536		38,910		(21,625	)
Assets newly categorized during fiscal 2020				274,842		182,845		135,476		(47,369	)
Assets newly categorized during fiscal 2021						321,978		110,451		(211,527	)
Assets newly categorized during fiscal 2022								240,324

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the Fiscal Year Ended March 31, 2023
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		8,180
Reconstructive treatment		176,181
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		23,570
Write-offs		7,066
Others		113,424
Collection / Repayment		76,092
Upgrade		37,331

Total		328,423		49,656		278,766

Amount in process for disposition		66,379

Note:

The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRA”


	(in millions of yen)
	As of March 31, 2020		As of March 31, 2021		As of March 31, 2022 (A)		As of March 31, 2023 (B)		(B) - (A)
Assets newly categorized during fiscal 2019		841		359		138		124		(13	)
Assets newly categorized during fiscal 2020				706		272		124		(148	)
Assets newly categorized during fiscal 2021						635		272		(362	)
Assets newly categorized during fiscal 2022								986

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the Fiscal Year Ended March 31, 2023
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		—
Reconstructive treatment		—
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		—
Write-offs		—
Others		879
Collection / Repayment		312
Upgrade		567

Total		879		90		789

Amount in process for disposition		86

Note:

Mitsubishi UFJ Financial Group, Inc.

9.	Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors

BK and TB Combined including Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Domestic offices (excluding loans booked at offshore markets)		69,408,494			249,004			69,159,490
Manufacturing		11,669,407			250,951			11,418,456
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		166,504			(16,756	)		183,260
Construction		832,820			105,298			727,522
Utilities		2,521,010			246,172			2,274,838
Communication and information services		1,096,905			(112,575	)		1,209,481
Transport and postal activities		2,310,132			10,133			2,299,999
Wholesale and retail		6,496,100			(305,625	)		6,801,725
Finance and insurance		9,045,159			115,454			8,929,705
Real estate		10,091,455			788,334			9,303,121
Goods rental and leasing		2,573,496			393,938			2,179,558
Services		2,673,741			(287,764	)		2,961,506
Municipal government		1,458,985			61,617			1,397,368
Other industries (including loans to the Japanese government)		18,472,778			(1,000,166	)		19,472,945
Overseas offices and loans booked at offshore markets		31,269,232			6,151,162			25,118,069

Total		100,677,726			6,400,167			94,277,559


(2) Domestic Consumer Loans

	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Total domestic consumer loans		15,324,914			(437,841	)		15,762,755
Housing loans		14,632,358			(438,645	)		15,071,003
Residential purpose		12,902,955			(398,711	)		13,301,666
Other		692,556			804			691,752

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

	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Outstanding amount		40,318,403			(152,066	)		40,470,470
% to total domestic loans		58.08	%		(0.42	)%		58.51	%

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Domestic offices (excluding loans booked at offshore markets)		66,663,986			760,944			65,903,041
Manufacturing		11,668,007			250,951			11,417,056
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		166,504			(16,756	)		183,260
Construction		832,820			105,298			727,522
Utilities		2,521,010			296,172			2,224,838
Communication and information services		1,083,878			(115,647	)		1,199,525
Transport and postal activities		2,295,132			15,133			2,279,999
Wholesale and retail		6,496,100			(305,625	)		6,801,725
Finance and insurance		7,725,026			(103,781	)		7,828,807
Real estate		10,061,714			760,230			9,301,484
Goods rental and leasing		2,573,496			393,938			2,179,558
Services		2,673,007			(258,433	)		2,931,440
Municipal government		1,458,694			61,647			1,397,047
Other industries (including loans to the Japanese government)		17,108,598			(322,182	)		17,430,780
Overseas offices and loans booked at offshore markets		30,463,763			5,945,570			24,518,193

Total		97,127,749			6,706,514			90,421,234

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Total domestic consumer loans		14,609,341			(352,951	)		14,962,292
Housing loans		13,917,682			(354,162	)		14,271,845
Residential purpose		12,188,683			(314,351	)		12,503,035
Other		691,658			1,211			690,446
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Outstanding amount		39,131,710			(3,906	)		39,135,616
% to total domestic loans		58.69	%		(0.68	%)		59.38	%

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Domestic offices (excluding loans booked at offshore markets)		1,466,633			(669,397	)		2,136,030
Manufacturing		—			—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		—			(5,000	)		5,000
Communication and information services		13,027			3,071			9,956
Transport and postal activities		—			—			—
Wholesale and retail		—			—			—
Finance and insurance		392,374			28,416			363,958
Real estate		3,591			2,886			705
Goods rental and leasing		—			—			—
Services		734			(29,331	)		30,066
Municipal government		—			—			—
Other industries (including loans to the Japanese government)		1,056,905			(669,437	)		1,726,343
Overseas offices and loans booked at offshore markets		805,468			205,592			599,876

Total		2,272,102			(463,804	)		2,735,906

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Total domestic consumer loans		712,539			(84,440	)		796,980
Housing loans		711,642			(84,033	)		795,675
Residential purpose		711,251			(83,919	)		795,170
Other		897			(407	)		1,304
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Outstanding amount		909,665			(159,845	)		1,069,511
% to total domestic loans		62.02	%		11.95	%		50.07	%

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Domestic offices (excluding loans booked at offshore markets)		1,277,875			157,457			1,120,418
Manufacturing		1,400			—			1,400
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		—			(45,000	)		45,000
Communication and information services		—			—			—
Transport and postal activities		15,000			(5,000	)		20,000
Wholesale and retail		—			—			—
Finance and insurance		927,759			190,819			736,940
Real estate		26,149			25,217			932
Goods rental and leasing		—			—			—
Services		—			—			—
Municipal government		291			(29	)		321
Other industries (including loans to the Japanese government)		307,275			(8,546	)		315,822
Overseas offices and loans booked at offshore markets		—			—			—

Total		1,277,875			157,457			1,120,418

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Total domestic consumer loans		3,033			(449	)		3,482
Housing loans		3,033			(448	)		3,481
Residential purpose		3,020			(439	)		3,460
Other		—			(0	)		0
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Outstanding amount		277,027			11,684			265,343
% to total domestic loans		21.67	%		(2.00	)%		23.68	%

Mitsubishi UFJ Financial Group, Inc.

10. Overseas Loans

BK Consolidated excl. MUAH, KS, BDI


	(in millions of yen)
	As of March 31, 2023 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Americas		13,214,802		4,006,473			9,208,328
United States*		11,245,550		3,888,344			7,357,205
Canada		770,191		8,472			761,719
Brazil		447,316		7,221			440,095
Mexico		308,760		9,393			299,366
Others		442,983		93,041			349,941
Asia/Oceania		11,217,745		(62,099	)		11,279,844
Hong Kong		2,053,836		(55,698	)		2,109,534
China		1,603,570		(284,294	)		1,887,865
Australia		1,530,014		248,740			1,281,274
Singapore		1,410,819		(263,673	)		1,674,493
India		959,521		172,314			787,206
Indonesia		801,047		65,966			735,081
Malaysia		758,388		126,276			632,112
Taiwan		554,973		(193,842	)		748,815
Korea		512,817		166,404			346,412
New Zealand		377,691		18,833			358,858
Viet Nam		265,554		(36,070	)		301,625
Others		389,510		(27,054	)		416,564
EMEA		9,162,946		1,516,253			7,646,693
United Kingdom		2,294,561		209,250			2,085,310
Netherlands		986,691		173,047			813,643
Germany		816,444		229,052			587,392
France		609,009		219,933			389,076
Luxembourg		593,447		184,542			408,904
Ireland		308,921		43,885			265,035
Saudi Arabia		280,929		(141,847	)		422,776
United Arab Emirates		229,333		58,814			170,518
Turkey		216,978		22,675			194,303
Switzerland		202,313		(85,376	)		287,690
Italy		197,364		35,960			161,403
Spain		176,389		86,394			89,994
Belgium		152,556		(6,618	)		159,175
Qatar		141,553		4,886			136,666
Russia		141,212		(15,851	)		157,063
Mauritius		117,595		48,745			68,849
Oman		92,714		4,558			88,155
Others		1,604,928		444,198			1,160,730

Total		33,595,494		5,460,627			28,134,866

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


	(in millions of yen)
	As of March 31, 2023 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
MUAH*		13,864		(9,088,761	)		9,102,626
KS		5,677,812		761,849			4,915,963
BDI		1,081,848		163,125			918,722

Note:

* “United States” includes loans transferred from MUAH to the Bank’s overseas branch prior to the sale of the shares in MUB.

Mitsubishi UFJ Financial Group, Inc.

11. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of March 31, 2023 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Deposits (ending balance)		203,348,641		9,099,360			194,249,280
Deposits (average balance)		200,346,332		4,805,981			195,540,350
Loans (ending balance)		99,399,851		6,242,710			93,157,141
Loans (average balance)		99,744,310		7,863,314			91,880,995

BK Non-consolidated
	(in millions of yen)
	As of March 31, 2023 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Deposits (ending balance)		192,272,289		8,915,412			183,356,877
Deposits (average balance)		189,034,788		4,436,235			184,598,552
Loans (ending balance)		97,127,749		6,706,514			90,421,234
Loans (average balance)		97,137,135		8,098,660			89,038,475

TB Non-consolidated
	(in millions of yen)
	As of March 31, 2023 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Deposits (ending balance)		11,076,351		183,948			10,892,403
Deposits (average balance)		11,311,544		369,746			10,941,798
Loans (ending balance)		2,272,102		(463,804	)		2,735,906
Loans (average balance)		2,607,174		(235,346	)		2,842,520

Mitsubishi UFJ Financial Group, Inc.

12. Domestic Deposits

BK and TB Combined

(in millions of yen)

As of
March 31, 2023
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2022
(B)

Individuals

90,854,622

2,585,732

88,268,890

Corporations and others

82,145,562

2,132,214

80,013,348

Domestic deposits

173,000,185

4,717,946

168,282,238



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

BK Non-consolidated

(in millions of yen)

As of
March 31, 2023
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2022
(B)

Individuals

84,718,547

2,665,367

82,053,180

Corporations and others

78,808,847

1,927,609

76,881,238

Domestic deposits

163,527,394

4,592,976

158,934,418



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

TB Non-consolidated

(in millions of yen)

As of
March 31, 2023
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2022
(B)

Individuals

6,136,075

(79,634

)

6,215,710

Corporations and others

3,336,714

204,604

3,132,109

Domestic deposits

9,472,790

124,970

9,347,819



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

Mitsubishi UFJ Financial Group, Inc.

13. Status of Deferred Tax Assets

BK Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets


	(in billions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Deferred tax assets		1,056.5			365.3			691.1
Allowance for credit losses		246.5			(5.3	)		251.8
Write-down on investment securities		366.0			(14.4	)		380.5
Unrealized losses on Available-for-sale securities		157.4			133.2			24.1
Reserve for retirement benefits		81.9			(4.5	)		86.4
Reserve for contingent losses		21.8			(4.9	)		26.8
Depreciation and Impairment losses		83.5			3.9			79.5
Devaluation on land upon merger		21.5			(1.5	)		23.0
Net deferred losses on hedging instruments		214.0			155.4			58.5
Other		258.3			92.8			165.5
Valuation allowance		(394.7	)		10.6			(405.3	)
Deferred tax liabilities		657.9			3.9			653.9
Unrealized gains on Available-for-sale securities		444.8			(43.2	)		488.1
Revaluation gains on securities upon merger		47.1			(2.1	)		49.3
Gains on securities contributed to employees’ retirement benefits trust		45.1			(0.0	)		45.2
Other		120.7			49.4			71.2
Net deferred tax assets		398.6			361.3			37.2

(2) Net operating profits before provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2017			FY2018			FY2019			FY2020			FY2021			FY2022
Net operating profits before provision for general allowance for credit losses		554.3			388.4			395.2			388.0			374.4			690.4
Total credit costs		56.0			128.5			11.8			(223.3	)		(234.0	)		(98.5	)
Income before income taxes		580.0			767.2			(535.9	)		205.5			286.1			1,239.5
Reconciliation to taxable income		(156.0	)		(500.2	)		844.6			98.5			343.3			(390.1	)
Taxable income		424.0			267.0			308.7			304.1			629.5			849.4

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets


	(in billions of yen)
	As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Deferred tax assets		65.4			7.9			57.5
Gains on securities related to employees’ retirement benefits trust		36.2			1.6			34.5
Group tax sharing transactions		10.8			2.9			7.8
Depreciation and Impairment losses		9.6			(0.6	)		10.3
Write-down on investment securities		8.3			(0.8	)		9.2
Reserve for contingent losses		3.0			(1.2	)		4.2
Other		21.9			4.1			17.8
Valuation allowance		(24.6	)		1.9			(26.5	)
Deferred tax liabilities		209.6			(48.7	)		258.3
Reserve for retirement benefits		103.6			11.6			91.9
Unrealized gains on Available-for-sale securities		53.8			(82.3	)		136.2
Net deferred gains on hedging instruments		38.7			20.1			18.5
Other		13.3			1.7			11.5
Net deferred tax assets		(144.1	)		56.6			(200.8	)

(2) Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2017			FY2018			FY2019			FY2020			FY2021			FY2022
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		162.1			144.5			142.3			132.3			176.4			109.1
Total credit costs		23.4			1.3			0.8			0.0			0.1			(0.2	)
Income before income taxes		249.7			127.9			148.6			129.4			210.6			165.7
Reconciliation to taxable income		(69.5	)		(79.2	)		(39.3	)		(26.5	)		(37.4	)		(51.8	)
Taxable income		180.2			48.7			109.3			102.9			173.1			113.9

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

Mitsubishi UFJ Financial Group, Inc.

14. Retirement Benefits

MUFG Consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2023 (A)			Increase (Decrease) (A) -(B)			As of March 31, 2022 (B)
Projected benefit obligation (reserve type)	(A)		1,686,716			(595,419	)		2,282,135
Projected benefit obligation (non-reserve type)	(B)		84,488			1,282			83,206
Fair value of plan assets	(C)		3,010,195			(643,399	)		3,653,594
Net amount recorded on the Consolidated Balance Sheet	(A) + (B) - (C)		(1,238,989	)		49,262			(1,288,252	)
Net defined benefit liability			86,445			90			86,355
Net defined benefit asset			(1,325,434	)		49,172			(1,374,607	)

“Projected benefit obligation (reserve type)” and “Fairvalue of plan assets” respectively reflect ¥322,516 million of decrease due to
the pension buyout tracsaction.



(2) Net periodic cost of retirement benefits

	(in millions of yen)
	For the fiscal year ended March 31, 2023 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2022 (B)
Net periodic cost of retirement benefits regarding defined benefit pension plans		10,161			51,627			(41,466	)
Service cost		60,149			(1,941	)		62,090
Interest cost		35,683			11,143			24,540
Expected return on plan assets		(131,898	)		(11,418	)		(120,479	)
Amortization of unrecognized prior service cost		(2,924	)		(202	)		(2,722	)
Amortization of unrecognized net actuarial loss		(44,688	)		(23,823	)		(20,864	)
Losses on pension buyout		78,111			78,111			—
Other		15,728			(278	)		16,006

(3) Assumptions used in calculation of projected benefit obligation


	As of March 31, 2023
Discount rates		Domestic consolidated subsidiaries	0.06%~ 1.14%
		Overseas consolidated subsidiaries	1.14%~10.63%
Expected return		Domestic consolidated subsidiaries	1.50%~ 3.70%
		Overseas consolidated subsidiaries	1.50%~10.63%

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Projected benefit obligation	(A)		1,275,869			(70,016	)		1,345,885
Discount rates			(1.1% ~ 1.4	%)					(0.7% ~ 0.9	%)
Fair value of plan assets	(B)		2,095,176			(10,200	)		2,105,376
Prepaid pension cost	(C)		645,769			176,330			469,438
Reserve for retirement benefits	(D)		14,444			7,353			7,091
Total amount unrecognized	(A) - (B) + (C) - (D)		(187,983	)		109,161			(297,145	)
Unrecognized net actuarial loss			(187,634	)		109,310			(296,945	)
Unrecognized prior service cost			(348	)		(148	)		(199	)

(2) Net periodic cost

		(in millions of yen)
		For the fiscal year ended March 31, 2023 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2022 (B)
Net periodic cost of retirement benefits			33,998			64,456			(30,458	)
Service cost			30,910			(152	)		31,062
Interest cost			18,769			7,469			11,300
Expected return on plan assets			(64,982	)		(9,925	)		(55,056	)
Amortization of unrecognized prior service cost			(428	)		(266	)		(162	)
Amortization of unrecognized net actuarial loss			(49,822	)		(13,549	)		(36,273	)
Losses on pension buyout			78,111			78,111			—
Other			21,438			2,768			18,670

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2023 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2022 (B)
Projected benefit obligation	(A)		297,544			(22,793	)		320,338
Discount rates			(1% ~ 1.3	%)					(0.6% ~ 0.9	%)
Fair value of plan assets	(B)		754,626			2,256			752,369
Prepaid pension cost	(C)		457,432			37,990			419,442
Reserve for retirement benefits	(D)		—			(33	)		33
Total amount unrecognized	(A) - (B) + (C) - (D)		350			12,972			(12,622	)
Unrecognized net actuarial loss			(986	)		13,194			(14,181	)
Unrecognized prior service cost			1,337			(221	)		1,558
(2) Net periodic cost
		(in millions of yen)
		For the fiscal year ended March 31, 2023 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2022 (B)
Net periodic cost of retirement benefits			(20,760	)		(1,236	)		(19,524	)
Service cost			5,604			(556	)		6,161
Interest cost			2,682			519			2,162
Expected return on plan assets			(28,103	)		(446	)		(27,657	)
Amortization of unrecognized prior service cost			221			(2	)		223
Amortization of unrecognized net actuarial loss			(1,622	)		(560	)		(1,062	)
Other			457			(189	)		647

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Financial Statements

BK Non-consolidated

(1) Non-consolidated Balance Sheets (selected items)


(in millions of yen)	As of March 31, 2022			As of March 31, 2023
Assets:
Cash and due from banks		87,398,956			90,898,274
Call loans		1,011,623			750,795
Receivables under resale agreements		732,237			1,326,697
Monetary claims bought		3,765,016			4,326,066
Trading assets		4,935,769			6,306,376
Money held in trust		52,379			45,161
Securities		61,212,185			72,253,876
Loans and bills discounted		90,421,234			97,127,749
Foreign exchanges		1,813,205			1,726,923
Other assets		7,527,866			8,923,802
Tangible fixed assets		719,349			699,817
Intangible fixed assets		365,782			454,137
Prepaid pension costs		469,438			645,769
Deferred tax assets		37,243			398,626
Customers’ liabilities for acceptances and guarantees		7,826,011			8,661,518
Allowance for credit losses		(650,033	)		(641,107	)

Total assets		267,638,266			293,904,485

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2022			As of March 31, 2023
Liabilities:
Deposits		183,356,877			192,272,289
Negotiable certificates of deposit		7,575,964			8,792,227
Call money		287,401			23,449
Payables under repurchase agreements		9,752,120			25,271,176
Payables under securities lending transactions		—			181,473
Commercial papers		1,321,859			1,834,968
Trading liabilities		2,645,871			2,835,605
Borrowed money		36,532,121			33,356,232
Foreign exchanges		2,577,305			2,779,176
Bonds payable		1,355,232			1,284,731
Other liabilities		5,296,077			7,564,963
Reserve for bonuses		30,459			71,830
Reserve for bonuses to directors		153			148
Reserve for stocks payment		3,749			3,705
Reserve for retirement benefits		7,091			14,444
Reserve for loyalty award credits		1,166			1,174
Reserve for contingent losses		87,530			71,357
Deferred tax liabilities for land revaluation		90,620			85,736
Acceptances and guarantees		7,826,011			8,661,518

Total liabilities		258,747,613			285,106,212

Net assets:
Capital stock		1,711,958			1,711,958
Capital surplus		3,878,275			3,878,275
Capital reserve		1,711,958			1,711,958
Other capital surplus		2,166,317			2,166,317
Retained earnings		2,616,656			3,306,434
Revenue reserve		190,044			190,044
Other retained earnings		2,426,611			3,116,389
Funds for retirement benefits		2,432			2,432
Reserve for investment promotion taxation		—			260
Other reserve		718,196			718,196
Earned surplus brought forward		1,705,982			2,395,500
Treasury stock		(645,700	)		(645,700	)

Total shareholders’ equity		7,561,189			8,250,967

Net unrealized gains (losses) on available-for-sale securities		1,280,620			854,922
Net deferred gains (losses) on hedging instruments		(130,402	)		(476,124	)
Land revaluation excess		179,246			168,507

Total valuation and translation adjustments		1,329,464			547,305

Total net assets		8,890,653			8,798,272

Total liabilities and net assets		267,638,266			293,904,485

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

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


(in millions of yen)	For the fiscal year ended March 31, 2022			For the fiscal year ended March 31, 2023
Ordinary income		2,557,193			4,799,567
Interest income		1,312,883			3,202,838
Interest on loans and bills discounted		812,651			1,826,196
Interest and dividends on securities		330,888			834,551
Fees and commissions		583,518			681,922
Trading income		51,887			80,369
Other operating income		257,799			494,359
Other ordinary income		351,104			340,078
Ordinary expenses		2,150,136			3,895,822
Interest expenses		327,917			1,701,450
Interest on deposits		80,546			745,390
Fees and commissions		154,336			162,966
Trading expenses		2,641			1,607
Other operating expenses		211,463			664,590
General and administrative expenses		1,124,878			1,174,267
Other ordinary expenses		328,899			190,940

Ordinary profits		407,057			903,744

Extraordinary gains		24,639			437,287
Extraordinary losses		145,497			101,436

Income before income taxes		286,198			1,239,594

Income taxes - current		202,647			298,231
Refund of income taxes		(11,718	)		(43,483	)
Income taxes - deferred		(93,074	)		(30,607	)

Total taxes		97,854			224,140

Net income		188,344			1,015,454

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non-consolidated Balance Sheets (selected items)


(in millions of yen)	As of March 31, 2022			As of March 31, 2023
Assets:
Cash and due from banks		13,249,884			13,673,282
Call loans		447,474			230,000
Receivables under resale agreements		93,704			77,370
Receivables under securities borrowing transactions		253,065			106,180
Monetary claims bought		69,335			124,086
Trading assets		70,093			78,114
Money held in trust		160,333			157,275
Securities		15,295,690			14,117,360
Loans and bills discounted		2,735,906			2,272,102
Foreign exchanges		201,309			248,948
Other assets		2,166,137			1,352,617
Tangible fixed assets		126,011			125,644
Intangible fixed assets		86,486			91,894
Prepaid pension costs		419,442			457,432
Customers’ liabilities for acceptances and guarantees		15,756			36,751
Allowance for credit losses		(998	)		(1,045	)

Total assets		35,389,633			33,148,018

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2022			As of March 31, 2023
Liabilities:
Deposits		10,892,403			11,076,351
Negotiable certificates of deposit		2,999,695			4,675,417
Call money		509,212			5,165
Payables under repurchase agreements		6,068,561			5,281,893
Payables under securities lending transactions		2,415			4,041
Commercial papers		706,848			368,100
Trading liabilities		124,191			189,453
Borrowed money		2,903,628			1,679,724
Foreign exchanges		366,916			378,171
Short-term bonds payable		289,999			120,999
Bonds payable		110,000			30,000
Due to trust accounts		6,875,205			6,207,882
Other liabilities		1,130,301			846,818
Reserve for bonuses		5,004			5,163
Reserve for bonuses to directors		93			98
Reserve for stocks payment		2,677			2,855
Reserve for retirement benefits		33			—
Reserve for contingent losses		13,944			9,820
Deferred tax liabilities		200,818			144,164
Deferred tax liabilities for land revaluation		3,794			3,789
Acceptances and guarantees		15,756			36,751

Total liabilities		33,221,500			31,066,664

Net assets:
Capital stock		324,279			324,279
Capital surplus		455,970			455,970
Capital reserve		250,619			250,619
Other capital surplus		205,351			205,351
Retained earnings		1,315,188			1,368,530
Revenue reserve		73,714			73,714
Other retained earnings		1,241,474			1,294,816
Funds for retirement benefits		710			710
Reserve for investment promotion taxation		—			227
Other reserve		138,495			138,495
Earned surplus brought forward		1,102,269			1,155,383
Treasury stock		(299,999	)		(299,999	)

Total shareholders’ equity		1,795,438			1,848,780

Net unrealized gains (losses) on available-for-sale securities		330,727			144,937
Net deferred gains (losses) on hedging instruments		42,138			87,817
Land revaluation excess		(171	)		(182	)

Total valuation and translation adjustments		372,694			232,573

Total net assets		2,168,132			2,081,353

Total liabilities and net assets		35,389,633			33,148,018

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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


(in millions of yen)	For the fiscal year ended March 31, 2022		For the fiscal year ended March 31, 2023
Ordinary income		607,961		1,167,912
Trust fees		116,631		111,924
Interest income		208,923		761,508
Interest on loans and bills discounted		18,382		34,139
Interest and dividends on securities		179,844		627,380
Fees and commissions		160,097		154,590
Trading income		80		45
Other operating income		59,991		66,866
Other ordinary income		62,237		72,976
Ordinary expenses		392,349		996,773
Interest expenses		36,268		390,707
Interest on deposits		3,626		44,937
Fees and commissions		49,285		48,985
Trading expenses		24,899		22,207
Other operating expenses		69,052		326,663
General and administrative expenses		189,761		196,504
Other ordinary expenses		23,082		11,704

Ordinary profits		215,611		171,138

Extraordinary gains		2,030		764
Extraordinary losses		7,035		6,113

Income before income taxes		210,606		165,790

Income taxes - current		50,141		35,838
Income taxes - deferred		580		5,406

Total taxes		50,721		41,244

Net income		159,884		124,545

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(3) Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship


(in millions of yen)	As of March 31, 2022		As of March 31, 2023
Assets:
Loans and bills discounted		1,120,418		1,277,875
Securities		67,663,477		70,547,100
Beneficiary rights to the trust		108,857,810		118,934,755
Securities held in custody accounts		3,230,600		2,933,178
Monetary claims		40,409,077		32,819,251
Tangible fixed assets		19,066,909		20,879,125
Intangible fixed assets		147,570		165,299
Other claims		2,520,092		3,189,442
Call loans		1,292,609		3,673,857
Due from banking account		11,862,710		10,620,708
Cash and due from banks		5,124,019		6,927,037

Total		261,295,295		271,967,632

Liabilities:
Money trusts		29,852,422		33,565,350
Pension trusts		12,339,538		12,233,123
Property formation benefit trusts		6,532		6,273
Investment trusts		112,937,424		122,338,610
Money entrusted other than money trusts		5,820,407		6,153,057
Securities trusts		5,795,848		5,361,672
Monetary claim trusts		36,599,637		28,813,961
Equipment trusts		138,279		166,695
Land and fixtures trusts		18,522		18,626
Composite trusts		57,786,682		63,310,260

Total		261,295,295		271,967,632



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 485,019 millions of yen as of March 31, 2022 and 280,332 millions of yen as of March 31, 2023.

Detailed information for “Money trust” with contracts indemnifying the principal amounts

(including trusts for which beneficiary interests are re-entrusted)



(in millions of yen)	As of March 31, 2022		As of March 31, 2023
Assets:
Loans and bills discounted		4,730		3,939
Other		7,059,590		6,405,078

Total		7,064,320		6,409,018

Liabilities:
Principal		7,064,123		6,408,838
Allowance for bad debts		14		11
Other		182		168

Total		7,064,320		6,409,018

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(4) Major Items


(in millions of yen)	As of March 31, 2022		As of March 31, 2023
Total funds		56,090,592		61,556,516

Deposits		10,892,403		11,076,351
Negotiable certificates of deposit		2,999,695		4,675,417
Money trusts		29,852,422		33,565,350
Pension trusts		12,339,538		12,233,123
Property formation benefit trusts		6,532		6,273

Loans and bills discounted		3,856,324		3,549,977

Banking account		2,735,906		2,272,102
Trust account		1,120,418		1,277,875

Investment securities		82,959,167		84,664,460

Note:

The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.

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