Higher MUFG (NYSE: MUFG) dividend as FY2026 profit exceeds target

Rhea-AI Filing Summary

Mitsubishi UFJ Financial Group (MUFG) has resolved to increase its year-end dividend of surplus for the fiscal year ended March 31, 2026 to ¥51.00 per share, with a record date of March 31, 2026, subject to approval at the ordinary general meeting of shareholders on June 26, 2026.

This compares with a most recent forecast of ¥39.00 and a previous year-end dividend of ¥39.00. Total year-end dividends will be ¥576,848 million, sourced from retained earnings, and are scheduled to be paid from June 29, 2026.

Including an interim dividend of ¥35.00, the annual dividend for the year will be ¥86.00 per share, up from ¥64.00 the prior year. MUFG states that profits attributable to owners of parent reached ¥2,427.2bn, exceeding its target, and reiterates a capital policy aiming for a dividend payout ratio of approximately 40%.

Positive

• Significant dividend increase: Annual dividend rises to ¥86.00 per share from ¥64.00, with the year-end dividend lifted to ¥51.00 from ¥39.00, reflecting higher profitability.
• Profit exceeds internal target: Profits attributable to owners of parent reached ¥2,427.2bn, above MUFG’s own target, supporting the larger cash return.
• Clear capital return policy: MUFG reiterates a disciplined capital management approach with a target dividend payout ratio of roughly 40%, offering transparency on future dividend decisions.

Negative

• None.

Insights

Equity income analyst

MUFG significantly raises dividends as profit surpasses its internal target.

MUFG is lifting its year-end dividend to ¥51.00 per share, versus a prior forecast and previous year level of ¥39.00. That results in an annual dividend of ¥86.00 per share, up from ¥64.00.

The company attributes this step-up to profits attributable to owners of parent of ¥2,427.2bn for the fiscal year ended March 31, 2026, which exceeded its target. Management reiterates a medium-term policy of targeting a dividend payout ratio of around 40%, indicating dividends are being increased within an articulated capital framework.

The higher dividend still requires approval at the ordinary general meeting of shareholders scheduled for June 26, 2026, with the effective dividend payment date set for June 29, 2026. Future disclosures in MUFG’s regular reports will show whether earnings continue to support this higher, more shareholder-friendly dividend level.

Key Figures

Year-end dividend per share: ¥51.00 per share Previous and forecast year-end dividend: ¥39.00 per share Total year-end dividends: ¥576,848 million +5 more

8 metrics

Year-end dividend per share ¥51.00 per share Determined amount for record date March 31, 2026

Previous and forecast year-end dividend ¥39.00 per share Most recent forecast and actual prior fiscal year

Total year-end dividends ¥576,848 million Fiscal year ended March 31, 2026, record date March 31, 2026

Annual dividend current year ¥86.00 per share Fiscal year ended March 31, 2026

Annual dividend prior year ¥64.00 per share Fiscal year ended March 31, 2025

Profits attributable to owners of parent ¥2,427.2bn Fiscal year ended March 31, 2026, exceeded target

Dividend payout ratio target approximately 40% Medium-Term Business Plan capital policy

Interim dividend per share ¥35.00 per share Fiscal year ended March 31, 2026

Key Terms

dividends of surplus, record date, retained earnings, dividend payout ratio, +2 more

6 terms

dividends of surplus financial

"MUFG today announced that, at a meeting of the Board of Directors held today, it resolved to pay a dividend of surplus"

record date financial

"it resolved to pay a dividend of surplus with a record date of March 31, 2026"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

retained earnings financial

"Source of dividends | | Retained earnings | | – | | Retained earnings"

Retained earnings are the cumulative portion of a company's profits that management keeps instead of distributing to shareholders as dividends; they appear on the balance sheet as part of owners’ value. For investors, retained earnings matter because they act like a company’s savings account—funding growth, paying down debt, or supporting future dividends—and their size and changes reveal how profitable the business has been and how management chooses to use those profits.

dividend payout ratio financial

"with a target dividend payout ratio of approximately 40%"

The dividend payout ratio is the share of a company’s net profit that is returned to shareholders as cash dividends rather than kept for reinvestment. Investors use it to judge whether dividend payments are likely sustainable and how the company balances rewarding owners with funding growth; a high ratio is like handing most of your paycheck to friends now, while a low ratio is like saving more for future expenses and opportunities.

profits attributable to owners of parent financial

"as profits attributable to owners of parent for the fiscal year ended March 31, 2026 exceeded the target"

forward-looking statements regulatory

"This notice contains forward-looking statements regarding estimates, forecasts, etc. in relation to the results of operations"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What dividend did MUFG (MUFG) decide for the year ended March 31, 2026?

MUFG decided on an annual dividend of ¥86.00 per share, consisting of an interim dividend of ¥35.00 and a year-end dividend of ¥51.00. This is an increase from the previous year’s total dividend of ¥64.00 per share.

How much is MUFG’s new year-end dividend and how does it compare to prior levels?

MUFG’s new year-end dividend is ¥51.00 per share, up from both its most recent forecast of ¥39.00 and the previous fiscal year’s year-end dividend of ¥39.00. This marks a notable step-up in cash returns to shareholders.

What total amount of dividends will MUFG pay for the March 31, 2026 record date?

For the March 31, 2026 record date, MUFG plans total year-end dividends of ¥576,848 million. These dividends will be paid from retained earnings, reflecting the company’s stronger profitability and its policy of enhancing shareholder returns.

When will MUFG’s new dividend be effective and what is the key approval date?

The dividend is scheduled to become effective on June 29, 2026, following payment. It remains subject to approval at MUFG’s ordinary general meeting of shareholders, which is scheduled to be held on June 26, 2026.

What profit level supported MUFG’s higher dividend for the 2026 fiscal year?

Profits attributable to owners of parent reached ¥2,427.2bn for the fiscal year ended March 31, 2026. MUFG notes this exceeded its internal target, providing the basis for lifting the year-end dividend to ¥51.00 per share and the annual dividend to ¥86.00.

What is MUFG’s target dividend payout ratio under its capital policy?

MUFG targets a dividend payout ratio of approximately 40% as part of its Medium-Term Business Plan. The group aims for a stable, sustainable increase in dividend per share through profit growth while maintaining a balance between equity strength and strategic investment.

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 2026

Commission File No. 000-54189

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

4-5, Marunouchi 1-chome, Chiyoda-ku

Tokyo 100-8330, Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or

will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  X    Form 40-F    

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(7):

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-273681) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 15, 2026

Mitsubishi UFJ Financial Group, Inc.
By:		/s/ Yoshitaka Sekine
Name:		Yoshitaka Sekine
Title:		Managing Director, Head of Documentation & Corporate Secretary Department, Corporate Administration Division

Mitsubishi UFJ Financial Group, Inc. (MUFG)

Notice Concerning Dividends of Surplus

Tokyo, May 15, 2026 — MUFG today announced that, at a meeting of the Board of Directors held today, it resolved to pay a dividend of surplus with a record date of March 31, 2026. The details are as follows.

This resolution is subject to approval at the ordinary general meeting of shareholders scheduled to be held on June 26, 2026.

1. Details of dividend

		Determined amount		Most recent dividend forecast (Announced on November 14, 2025)		Actual results for the previous fiscal year (Fiscal year ended March 31, 2025)
Record date		March 31, 2026		March 31, 2026		March 31, 2025
Dividend per share		¥51.00		¥39.00		¥39.00
Total amount of dividends		¥576,848 million		–		¥449,732 million
Effective date		June 29, 2026		–		June 30, 2025
Source of dividends		Retained earnings		–		Retained earnings

2. Reason

MUFG continuously seeks to improve shareholder returns, focusing on dividends in pursuit of an optimal balance between solid equity capital and strategic growth investment. Regarding dividends, MUFG aims for a stable and sustainable increase in dividend per share through profit growth. In line with its Medium-Term Business Plan, MUFG will maintain a disciplined approach to capital management with a target dividend payout ratio of approximately 40%.

Based on these policies, MUFG has decided to raise its year-end dividend to ¥51.00 per share, as profits attributable to owners of parent for the fiscal year ended March 31, 2026 exceeded the target, reaching ¥2,427.2bn. As a result, the annual dividend for the fiscal year ended March 31, 2026 will be ¥86.00 per share.

(Reference) Details of the dividends

		Dividend per share
Term		Interim dividend		Year-end dividend		Annual dividend
Amount for the fiscal year ended March 31, 2026		¥35.00		¥51.00*1		¥86.00
Amount for the fiscal year ended March 31, 2025		¥25.00		¥39.00		¥64.00

*1. The year-end dividend amount for the fiscal year ended March 31, 2026 is subject to approval at the ordinary general meeting of shareholders scheduled to be held on June 26, 2026

- End -

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About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.

This notice contains forward-looking statements regarding estimates, forecasts, etc. in relation to the results of operations, financial conditions and other general management of MUFG and/or the group as a whole (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, MUFG’s current estimates, perceptions and evaluations. In addition, in order for MUFG to adopt such estimates, forecasts, etc. regarding future events, certain assumptions have been made. Accordingly, the statements and assumptions are inherently not guarantees of future performance and may result in inaccuracy from an objective point of view and in material differences from actual results. There exist a number of factors that might lead to uncertainties and risks. For the main matters that may be currently forecast, please see the most recent Financial Highlights, the Annual Securities Report, Disclosure Book, Annual Report, and other disclosures that MUFG has announced.

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