Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
30.3
% (year-on-year change in net income attributable to owners of the parent)Wording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales14,620,843¥ millionYear on year +7.3%
Ordinary income3,410,192¥ millionYear on year +27.7%
Net income attributable to owners of the parent2,427,229¥ millionYear on year +30.3%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
Net income per share¥213.17
Operating Margin23.3%
Financial position at period-end
Total assets431,731,548¥ million
of which net assets 23,744,152 ¥ millionEquity ratio 5.2%vs. prior year-end +0.2pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating-23,064,420
Investment+4,473,959
Financials-1,149,876
Net change-19,740,337
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥90,045,500 million
Segment revenueRetail and Digital Business Group ¥1,064,642 million, Corporate and Wealth Management Business Group ¥866,902 million, Corporate Banking Business Group ¥1,125,924 million, Global Commercial Banking Business Group ¥904,227 million, Global CIB Business Group ¥621,834 million, Global Asset Management Business Group ¥1,081,474 million, Markets Business Group ¥306,905 million, Other ¥19,340 million
Segment profitRetail and Digital Business Group ¥285,880 million, Corporate and Wealth Management Business Group ¥407,977 million, Corporate Banking Business Group ¥706,964 million, Global Commercial Banking Business Group ¥387,559 million, Global CIB Business Group ¥152,483 million, Global Asset Management Business Group ¥580,310 million, Markets Business Group ¥-35,453 million, Other ¥-120,337 million
Outlook and shareholder returns
Full-year earnings forecast
Net SalesNot disclosed
Operating profitNot disclosed
Ordinary incomeNot disclosed
Net income¥27,000 100 million
Annual Dividend Forecast¥64 → ¥96（+50.0%）
Payout ratio40.1%
Factors Behind Changes in Business Performance
Earnings contributions from acquisitions overseas, the benefit of higher yen interest rates and improved margins, the earnings improvement effect from the prior year's bond portfolio rebalancing, increased fee income in Japan and overseas, and the reversal of losses on sales recognized in connection with the prior year's bond portfolio rebalancing. Operating expenses increased due to overseas acquisitions, investment of resources for growth, and the effects of inflation. Credit-related costs were affected primarily by the reversal of the prior year's release of provisions for a large overseas credit exposure, gains and losses related to stocks and other securities were affected by the reversal of the prior year's large gains on sales of cross-shareholdings, and equity-method investment gains and losses were driven mainly by Morgan Stanley's strong performance.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 Yes修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsOn 8 April 2026, MUFG Bank subscribed to a third-party allocation of shares by Shriram Finance Limited and acquired a 20% equity interest. Shriram Finance Limited became an equity-method affiliate. The total acquisition cost was ¥706.9 billion.
Impairment loss¥67,894 million
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on disposal of fixed assets / Amount ¥9,713 million, Item Gain on step acquisition / Amount ¥20,801 million, Item Gain on liquidation of subsidiaries / Amount ¥18,140 million, Item Gain on changes in equity interests / Amount ¥5 million / Extraordinary loss Item Losses on disposal of fixed assets / Amount ¥17,019 million, Item Impairment Losses / Amount ¥67,894 million, Item Provision for financial instruments transaction liability reserve / Amount ¥884 million, Item Provision for commodity transaction liability reserve / Amount ¥0 million, Item Loss on changes in equity interests / Amount ¥19,803 million, Item System integration-related expenses / Amount ¥31,091 million
Depreciation and amortization¥410,838 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts; a conference call to discuss the results is also scheduled)
Issued Shares at Period-End11,867,710,920 Shares
Treasury Shares at Period-End580,104,991 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥14,620,843 million (YoY +7.3%) |
| Ordinary income | ¥3,410,192 million (YoY +27.7%) |
| Profit attributable to owners of the parent | ¥2,427,229 million (YoY +30.3%) |
| Net income per share | ¥213.17 |
| Operating Margin | 23.3% |
| Equity ratio | End of the current fiscal period 5.2% / End of previous period 5.0% |
| Total assets | ¥431,731,548 million |
| Net assets | ¥23,744,152 million |
| Cash flows from operating activities | ¥-23,064,420 million |
| Cash flows from investing activities | ¥4,473,959 million |
| Cash flows from financing activities | ¥-1,149,876 million |
| Cash and cash equivalents at end of period | ¥90,045,500 million |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income ¥27,000 100 million |
| Annual Dividend Forecast | ¥64 → ¥96（+50.0%） |
| Payout ratio | 40.1% |
| Segment revenue | Retail and Digital Business Group ¥1,064,642 million, Corporate and Wealth Management Business Group ¥866,902 million, Corporate Banking Business Group ¥1,125,924 million, Global Commercial Banking Business Group ¥904,227 million, Global CIB Business Group ¥621,834 million, Global Asset Management Business Group ¥1,081,474 million, Markets Business Group ¥306,905 million, Other ¥19,340 million |
| Segment profit | Retail and Digital Business Group ¥285,880 million, Corporate and Wealth Management Business Group ¥407,977 million, Corporate Banking Business Group ¥706,964 million, Global Commercial Banking Business Group ¥387,559 million, Global CIB Business Group ¥152,483 million, Global Asset Management Business Group ¥580,310 million, Markets Business Group ¥-35,453 million, Other ¥-120,337 million |
| Depreciation and amortization | ¥410,838 million |
| Impairment loss | ¥67,894 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on disposal of fixed assets / Amount ¥9,713 million, Item Gain on step acquisition / Amount ¥20,801 million, Item Gain on liquidation of subsidiaries / Amount ¥18,140 million, Item Gain on changes in equity interests / Amount ¥5 million / Extraordinary loss Item Losses on disposal of fixed assets / Amount ¥17,019 million, Item Impairment Losses / Amount ¥67,894 million, Item Provision for financial instruments transaction liability reserve / Amount ¥884 million, Item Provision for commodity transaction liability reserve / Amount ¥0 million, Item Loss on changes in equity interests / Amount ¥19,803 million, Item System integration-related expenses / Amount ¥31,091 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate Yes / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | On 8 April 2026, MUFG Bank subscribed to a third-party allocation of shares by Shriram Finance Limited and acquired a 20% equity interest. Shriram Finance Limited became an equity-method affiliate. The total acquisition cost was ¥706.9 billion. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts; a conference call to discuss the results is also scheduled) |
| Issued Shares at Period-End | 11,867,710,920 Shares |
| Treasury Shares at Period-End | 580,104,991 Shares |
| Factors Behind Changes in Business Performance | Earnings contributions from acquisitions overseas, the benefit of higher yen interest rates and improved margins, the earnings improvement effect from the prior year's bond portfolio rebalancing, increased fee income in Japan and overseas, and the reversal of losses on sales recognized in connection with the prior year's bond portfolio rebalancing. Operating expenses increased due to overseas acquisitions, investment of resources for growth, and the effects of inflation. Credit-related costs were affected primarily by the reversal of the prior year's release of provisions for a large overseas credit exposure, gains and losses related to stocks and other securities were affected by the reversal of the prior year's large gains on sales of cross-shareholdings, and equity-method investment gains and losses were driven mainly by Morgan Stanley's strong performance. |
Items this document does not state (5)
Operating profitRevision to Earnings ForecastShareholder Return PolicyRegional salesOrders received and order backlog
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Consolidated gross profit increased due to earnings contributions from acquisitions overseas, the benefit of higher yen interest rates and improved margins, the earnings improvement effect from the prior year's bond portfolio rebalancing, increased fee income in Japan and overseas, and the reversal of losses on sales recognized in connection with the prior year's bond portfolio rebalancing. Operating expenses increased due to overseas acquisitions, investment of resources for growth, and the effects of inflation.
How to read this page
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