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

Rhea-AI Filing Summary

Waters Corporation (NYSE: WAT) filed a Form 8-K on 4 Aug 2025. Under Item 2.02 the company states it has released its operating results for the quarter ended 28 Jun 2025; the detailed numbers are contained only in the furnished press release (Exhibit 99.1) and are not included in the filing itself.

The 8-K also contains extensive “Additional Information” language regarding a proposed transaction involving Waters, Augusta SpinCo Corporation and Becton, Dickinson and Company (BD). The parties intend to file a registration statement on Form S-4 (Waters) and Form 10 (SpinCo) with the SEC. Investors are urged to read the future proxy/information statements when available. No terms, consideration, timing or strategic rationale for the deal are disclosed in this document.

Other sections are routine: confirmation of securities registration, exhibit index (press release and XBRL cover), and signature by CFO Amol Chaubal. The information in Item 2.02 is furnished, not filed, and therefore is not subject to Exchange Act Section 18 liability nor automatically incorporated by reference in other filings.

Insights

Financial Analyst

TL;DR: 8-K announces Q2 results (data in Exhibit 99.1) and flags a future spin-off/BD transaction; no financial metrics disclosed.

The filing is largely procedural. Investors learn only that Waters issued a press release with Q2-25 results and that a complex transaction with BD/SpinCo is in preparation. Absent actual earnings figures or deal terms, the document is informational but not yet valuation-relevant. Material impact will depend on the yet-to-be-filed proxy/prospectus and spin-off mechanics. Current market effect should be limited until quantitative details emerge.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of August 2025

Commission File No. 000-54189

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

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

Tokyo 100-8330, Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or

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

Form 20-F  X  Form 40-F    

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

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

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

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

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

SIGNATURES

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

Date: August 4, 2025

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

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2025

August 4, 2025

Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		https://www.mufg.jp/english/
Representative:		Hironori Kamezawa, President & Group CEO
For inquiry:		Masahisa Takahashi, Managing Director, Head of Financial Accounting and Reporting, Financial Accounting Office, Financial Planning Division
		TEL +81-50-3613-1179
Dividend payment date:		—
Trading accounts:		Established
Supplemental information for on financial results:		Available
Investor meeting presentation:		None

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

1. Consolidated Financial Data for the Three Months ended June 30, 2025

(1) Results of Operations

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

(*) Comprehensive income

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

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

(2) Financial Conditions

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

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

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

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

2. Dividends on Common Stock

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

(*) Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : None

3. Earnings Target for the Fiscal Year ending March 31, 2026 (Consolidated)

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

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

ø Notes

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

(2) Adoption of any particular accounting methods for quarterly consolidated financial statements: No

(3) Changes in accounting policies, changes in accounting estimates and restatements

(A) Changes in accounting policies due to revision of accounting standards: No

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

(C) Changes in accounting estimates: Yes

(D) Restatements: No

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

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

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

* Notes for using forecasted information etc.

1. 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.

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

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix

1. Results of Operations and Financial Condition			2
2. Consolidated Financial Statements and Notes			3
(1) Consolidated Balance Sheets			3
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			5
(3) The Framework for Financial Reporting applied to Quarterly Consolidated Financial Statements			7
(4) Changes in accounting estimates			7
(5) Segment Information			8
(6) Notes for Material Changes in Shareholders’Equity			10
(7) Notes on Going-Concern Assumption			10
(8) Consolidated Statements of Cash Flows			10
(9) Additional Information			10

Supplemental Information:

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

1

Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

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

The information is posted under the Financial Information, FY2025 (Fisical Year Ending Mar.2026) JGAAP, First Quarter, on the above website.

2

Mitsubishi UFJ Financial Group, Inc.

2. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

(in millions of yen)		As of     March 31, 2025				As of     June 30, 2025
Assets:
Cash and due from banks			109,095,437				105,201,744
Call loans and bills bought			1,180,949				923,782
Receivables under resale agreements			18,856,895				16,440,452
Receivables under securities borrowing transactions			5,701,495				4,848,412
Monetary claims bought			6,620,404				6,470,714
Trading assets			26,142,919				24,591,646
Money held in trust			1,084,487				1,203,805
Securities			86,125,371				80,709,711
Loans and bills discounted			121,436,133				122,671,835
Foreign exchanges			1,913,526				2,592,666
Other assets			17,824,068				18,543,352
Tangible fixed assets			1,240,104				1,217,202
Intangible fixed assets			1,875,551				1,865,934
Net defined benefit assets			2,217,529				2,246,763
Deferred tax assets			148,752				152,304
Customers’ liabilities for acceptances and guarantees			12,864,745				12,537,198
Allowance for credit losses			(1,214,870	)			(1,176,479	)
Total assets			413,113,501				401,041,048
Liabilities:
Deposits			228,512,749				224,705,991
Negotiable certificates of deposit			17,374,010				17,787,068
Call money and bills sold			5,072,926				5,534,300
Payables under repurchase agreements			43,359,076				36,731,293
Payables under securities lending transactions			699,852				700,771
Commercial papers			3,475,042				3,343,844
Trading liabilities			19,362,603				18,508,764
Borrowed money			22,101,954				21,481,784
Foreign exchanges			2,508,462				3,731,729
Short-term bonds payable			1,373,236				1,384,207
Bonds payable			14,018,955				14,503,764
Due to trust accounts			4,937,999				3,649,630
Other liabilities			14,563,347				14,160,514
Reserve for bonuses			251,665				130,530
Reserve for bonuses to directors			2,879				1,300
Reserve for stocks payment			11,077				12,092
Net defined benefit liabilities			104,612				103,432
Reserve for retirement benefits to directors			813				767
Reserve for loyalty award credits			7,730				8,325
Reserve for contingent losses			150,657				149,322
Reserves under special laws			5,295				5,354
Deferred tax liabilities			540,770				527,476
Deferred tax liabilities for land revaluation			84,903				84,644
Acceptances and guarantees			12,864,745				12,537,198
Total liabilities			391,385,368				379,784,109

3

Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)		As of     March 31, 2025				As of      June 30, 2025
Net assets:
Capital stock			2,141,513				2,141,513
Capital surplus			—				11,053
Retained earnings			14,845,617				14,942,523
Treasury stock			(726,631	)			(896,462	)
Total shareholders’ equity			16,260,498				16,198,628
Net unrealized gains (losses) on available-for-sale securities			1,327,127				1,416,517
Net deferred gains (losses) on hedging instruments			(894,227	)			(990,616	)
Land revaluation excess			122,400				121,836
Foreign currency translation adjustments			3,198,279				2,785,592
Remeasurements of defined benefit plans			554,502				538,815
Debt value adjustments of foreign subsidiaries and affiliates			(51,663	)			(55,812	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates			3,457				3,584
Total accumulated other comprehensive income			4,259,875				3,819,917
Subscription rights to shares			11				14
Non-controlling interests			1,207,746				1,238,377
Total net assets			21,728,132				21,256,938
Total liabilities and net assets			413,113,501				401,041,048

4

Mitsubishi UFJ Financial Group, Inc.

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

(in millions of yen)		For the three months ended      June 30,  2024				For the three months ended      June 30,  2025
Ordinary income			3,525,017				3,253,932
Interest income			2,353,006				2,022,572
Interest on loans and bills discounted			1,186,309				968,208
Interest and dividends on securities			444,660				412,039
Trust fees			35,189				37,894
Fees and commissions			557,301				566,731
Trading income			108,099				80,557
Other operating income			178,316				239,531
Other ordinary income			293,104				306,645
Ordinary expenses			2,791,657				2,545,396
Interest expenses			1,529,894				1,331,819
Interest on deposits			601,433				494,993
Fees and commissions			109,357				105,128
Trading expenses			—				37,769
Other operating expenses			57,076				114,189
General and administrative expenses			844,873				796,719
Other ordinary expenses			250,456				159,770
Ordinary profits			733,359				708,535
Extraordinary gains			7,612				22,870
Gains on disposition of fixed assets			7,612				5,315
Gains on liquidation of subsidiaries			—				17,555
Extraordinary losses			4,909				2,791
Losses on disposition of fixed assets			2,079				2,723
Losses on impairment of fixed assets			2,626				9
Provision for reserve for contingent liabilities from financial instruments transactions			203				59
Provision for reserve for contingent liabilities arising from commodities transactions			—				0
Profits before income taxes			736,062				728,615
Income taxes-current			135,758				144,834
Income taxes-deferred			18,027				2,360
Total taxes			153,786				147,194
Profits			582,276				581,420
Profits attributable to non-controlling interests			26,382				35,352
Profits attributable to owners of parent			555,894				546,068

5

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income

(in millions of yen)		For the three months ended     June 30,  2024				For the three months ended     June 30,  2025
Profits			582,276				581,420
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities			(193,254	)			84,962
Net deferred gains (losses) on hedging instruments			(111,529	)			(94,270	)
Land revaluation excess			—				7
Foreign currency translation adjustments			471,663				(279,302	)
Remeasurements of defined benefit plans			(11,344	)			(15,955	)
Net unrealized gains (losses) on loans of foreign subsidiaries			123				1,770
Share of other comprehensive income of associates accounted for using equity method			254,942				(143,046	)
Total other comprehensive income			410,601				(445,834	)
Comprehensive income			992,877				135,586
(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent			940,670				108,064
Comprehensive income attributable to non-controlling interests			52,207				27,522

6

Mitsubishi UFJ Financial Group, Inc.

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

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

(4) Changes in accounting estimates

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

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

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

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

7

Mitsubishi UFJ Financial Group, Inc.

(5) Segment Information

I. Business segment information

1 Summary of reporting segments

MUFG’s reporting segments are business units of MUFG which its Executive Committee, the decision-making body for the execution of its business operations, regularly reviews to make decisions regarding allocation of management resources and evaluate performance.

MUFG makes and executes unified group-wide strategies based on customer characteristics and the nature of business.

Accordingly, MUFG has adopted customer-based and business-based segmentation, which consists of the following reporting segments: Retail & Digital Business Group, Commercial Banking & Wealth Management Business Group, Japanese Corporate & Investment Banking Business Group, Global Commercial Banking Business Group, Asset Management & Investor Services Business Group, Global Corporate & Investment Banking Business Group, Global Markets Business Group and Other.

Retail & Digital Business Group:		Providing financial services to individual customers (excluding wealth management customers) and corporate customers through the three channels under the concept of “Real (Face-to-Face) × Remote × Digital”
Commercial Banking & Wealth Management Business Group:		Providing financial services to corporate and wealth management customers
Japanese Corporate & Investment Banking Business Group:		Providing financial services to large Japanese corporate customers in and outside Japan
Global Commercial Banking Business Group:		Providing financial services to individual and small to medium sized corporate customers through overseas commercial bank investees of MUFG
Asset Management & Investor Services Business Group:		Providing asset management and administration and pension services to domestic and overseas investor, asset manager and operating company customers
Global Corporate & Investment Banking Business Group:		Providing financial services to large non-Japanese corporate customers
Global Markets Business Group:		Providing services relating to foreign currency exchange, funds and investment securities to customers, as well as conducting market transactions and managing liquidity and cash for MUFG
Other:		Other than the businesses mentioned above

a Changes in the method of calculation of operating profit (loss) of each reporting segment

In the three months ended June 30, 2025, MUFG changed the method of allocation of net revenue and operating expenses among reporting segments and accordingly changed the method of calculation of operating profit (loss) of each reporting segment.

The business segment information for the three months ended June 30, 2024, has been restated based on the new calculation method.

8

Mitsubishi UFJ Financial Group, Inc.

2 Information on net revenue and operating profit (loss) for each reporting segment

For the three months ended June 30, 2024

		(in millions of yen)
		For the three months ended June 30, 2024
		Retail & Digital Business Group				Commercial Banking & Wealth Management Business Group				Japanese Corporate & Investment Banking Business Group				Global Commercial Banking Business Group				Asset Management & Investor Services Business Group				Global Corporate & Investment Banking Business Group				Total of Customer Business				Global Markets Business Group				Other				Total
Net revenue		¥	220,913			¥	160,623			¥	257,388			¥	365,398			¥	110,445			¥	231,462			¥	1,346,232			¥	205,543			¥	(13,407	)		¥	1,538,368
Operating expenses			162,767				105,228				94,700				185,824				77,406				110,408				736,335				78,071				38,486				852,894
Operating profit (loss)		¥	58,146			¥	55,394			¥	162,687			¥	179,573			¥	33,039			¥	121,054			¥	609,896			¥	127,471			¥	(51,893	)		¥	685,474

(Notes)

1. “Net revenue” in the above table is used in lieu of net sales generally used by Japanese non-financial companies.

2. “Net revenue” includes net interest income, trust fees, net fees and commissions, net trading profit, and net other operating profit.

3. “Operating expenses” includes personnel expenses and premise expenses.

For the three months ended June 30, 2025

		(in millions of yen)
		For the three months ended June 30, 2025
		Retail & Digital Business Group				Commercial Banking & Wealth Management Business Group				Japanese Corporate & Investment Banking Business Group				Global Commercial Banking Business Group				Asset Management & Investor Services Business Group				Global Corporate & Investment Banking Business Group				Total of Customer Business				Global Markets Business Group				Other				Total
Net revenue		¥	253,050			¥	196,108			¥	245,138			¥	195,529			¥	138,751			¥	221,992			¥	1,250,571			¥	163,035			¥	(47,375	)		¥	1,366,230
Operating expenses			188,831				110,496				97,989				108,423				101,850				111,709				719,301				79,229				25,452				823,983
Operating profit (loss)		¥	64,219			¥	85,611			¥	147,149			¥	87,106			¥	36,901			¥	110,282			¥	531,270			¥	83,806			¥	(72,828	)		¥	542,247

(Notes)

1. “Net revenue” in the above table is used in lieu of net sales generally used by Japanese non-financial companies.

2. “Net revenue” includes net interest income, trust fees, net fees and commissions, net trading profit, and net other operating profit.

3. “Operating expenses” includes personnel expenses and premise expenses.

9

Mitsubishi UFJ Financial Group, Inc.

3. Reconciliation of the total operating profit in each of the above tables to the ordinary profit in the consolidated statement of income for the corresponding three-month period

Operating profit		For the three months ended June 30, 2024				For the three months ended June 30, 2025
Total operating profit of reporting segments			685,474				542,247
Operating profit of consolidated subsidiaries excluded from reporting segments			(104	)			(147	)
Provision for general allowance for credit losses			(30,593	)			13,392
Credit related expenses			(171,333	)			(83,623	)
Gains on reversal of reserve for contingent losses included in credit costs			2,713				—
Gains on loans written-off			32,449				23,293
Net gains on equity securities and other securities			55,672				30,312
Equity in earnings of the equity method investees			143,090				157,954
Others			15,991				25,106
Ordinary profit in the consolidated statement of income			733,359				708,535

(6) Notes for Material Changes in Shareholders’ Equity

None.

(7) Notes on Going-Concern Assumption

None.

(8) Consolidated Statements of Cash Flows

No consolidated statements of cash flows have been prepared for the three-month periods ended June 30, 2024 and 2025. Depreciation (including amortization of intangible assets other than goodwill) and amortization of goodwill for the periods indicated were as follows:

		(in millions of yen)
		For the three months ended June 30,
		2024				2025
Depreciation		¥	97,779			¥	88,795
Amortization of goodwill			9,348				9,389

(9) Additional Information

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

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

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

10

Mitsubishi UFJ Financial Group, Inc.

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

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

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

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

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

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

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

11

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2025

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]   

1.  Financial Results		[ MUFG Consolidated ]*1[ BK and TB Combined ]*2*3*4		1
		[ BK Non-consolidated ][ TB Non-consolidated ]
2.  Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the “FRA”)		[ MUFG Consolidated ]		5
		[ BK and TB Combined including Trust Account ]
		[ BK Non-consolidated ][ TB Non-consolidated ]
		[ TB Non-consolidated : Trust Account ]
3.  Securities		[ MUFG Consolidated ]		6
		[ BK Non-consolidated ][ TB Non-consolidated ]
4.  ROE		[ MUFG Consolidated ]		9
5.  Average Interest Rate Spread		[ BK and TB Combined ]		10
		[ BK Non-consolidated ][ TB Non-consolidated ]
6.  Loans and Deposits		[ BK and TB Combined ]		11
		[ BK Non-consolidated ][ TB Non-consolidated ]
7.  Statements of Trust Assets and Liabilities		[ TB Non-consolidated ]		12

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

(*2) “BK” means MUFG Bank, Ltd.

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

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

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated

		(in millions of yen)
		For the three months ended								Increase   (Decrease) (A) - (B)
		June 30, 2025  (A)				June 30, 2024  (B)
Gross profits			1,358,416				1,535,602				(177,185	)
Gross profits before credit costs for trust accounts			1,358,416				1,535,602				(177,185	)
Net interest income			690,788				823,128				(132,339	)
Trust fees			37,894				35,189				2,704
Credit costs for trust accounts (1)			—				—				—
Net fees and commissions			461,602				447,944				13,658
Net trading profits			42,788				108,099				(65,311	)
Net other operating profits			125,342				121,240				4,101
Net gains (losses) on debt securities			(28,250	)			(12,680	)			(15,569	)
General and administrative expenses			815,428				857,451				(42,022	)
Amortization of goodwill			9,389				9,348				41
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill			552,377				687,499				(135,121	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			542,988				678,151				(135,162	)
Provision for general allowance for credit losses (2)			13,392				(30,593	)			43,986
Net operating profits*1			556,381				647,557				(91,176	)
Net non-recurring gains (losses)			152,154				85,801				66,352
Credit costs (3)			(83,623	)			(171,333	)			87,709
Losses on loan write-offs			(41,280	)			(75,291	)			34,010
Provision for specific allowance for credit losses			(38,164	)			(96,031	)			57,867
Other credit costs			(4,178	)			(10	)			(4,168	)
Reversal of allowance for credit losses (4)			—				—				—
Reversal of reserve for contingent losses included in credit costs (5)			—				2,713				(2,713	)
Gains on loans written-off (6)			23,293				32,449				(9,156	)
Net gains (losses) on equity securities			30,312				55,672				(25,360	)
Gains on sales of equity securities			40,220				62,275				(22,055	)
Losses on sales of equity securities			(8,680	)			(5,032	)			(3,648	)
Losses on write-down of equity securities			(1,227	)			(1,571	)			344
Equity in earnings of equity method investees			157,954				143,090				14,864
Other non-recurring gains (losses)			24,218				23,210				1,008
Ordinary profits			708,535				733,359				(24,824	)
Net extraordinary gains (losses)			20,079				2,703				17,376
Net gains (losses) on disposition of fixed assets			2,591				5,533				(2,941	)
Losses on impairment of fixed assets			(9	)			(2,626	)			2,617
Gain on liquidation of subsidiaries			17,555				—				17,555
Profits before income taxes			728,615				736,062				(7,447	)
Income taxes-current			144,834				135,758				9,075
Income taxes-deferred			2,360				18,027				(15,667	)
Total taxes			147,194				153,786				(6,591	)
Profits			581,420				582,276				(856	)
Profits attributable to non-controlling interests			35,352				26,382				8,969
Profits attributable to owners of parent			546,068				555,894				(9,825	)
Note:
*1. Net operating profits = Banking subsidiaries’ net operating profits + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)			(46,937	)			(166,763	)			119,826

1

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined

		(in millions of yen)
		For the three months ended								Increase   (Decrease) (A) - (B)
		June 30, 2025  (A)				June 30, 2024  (B)
Gross profits			767,758				833,219				(65,461	)
Gross profits before credit costs for trust accounts			767,758				833,219				(65,461	)
Net interest income			459,685				484,432				(24,747	)
Trust fees			33,106				30,103				3,003
Credit costs for trust accounts (1)			—				—				—
Net fees and commissions			194,504				189,937				4,567
Net trading profits			(5,100	)			1,833				(6,933	)
Net other operating profits			85,561				126,913				(41,351	)
Net gains (losses) on debt securities			(27,509	)			(12,739	)			(14,769	)
General and administrative expenses			414,290				405,334				8,955
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			353,468				427,885				(74,417	)
Provision for general allowance for credit losses (2)			(626	)			(29,172	)			28,545
Net operating profits			352,841				398,712				(45,871	)
Net non-recurring gains (losses)			83,028				51,078				31,950
Credit costs (3)			(5,010	)			(13,321	)			8,310
Reversal of allowance for credit losses (4)			31,492				—				31,492
Reversal of reserve for contingent losses included in credit costs (5)			92				2,689				(2,597	)
Gains on loans written-off (6)			2,756				2,553				203
Net gains (losses) on equity securities			28,447				52,329				(23,881	)
Gains on sales of equity securities			37,694				58,247				(20,553	)
Losses on sales of equity securities			(7,744	)			(3,282	)			(4,462	)
Losses on write-down of equity securities			(1,501	)			(2,636	)			1,134
Other non-recurring gains (losses)			25,250				6,827				18,422
Ordinary profits			435,870				449,790				(13,920	)
Net extraordinary gains (losses)			29,276				5,708				23,568
Income before income taxes			465,147				455,499				9,647
Income taxes-current			111,645				101,625				10,019
Income taxes-deferred			1,807				(7,360	)			9,167
Total taxes			113,453				94,265				19,187
Net income			351,694				361,233				(9,539	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)			28,704				(37,251	)			65,955
Credit costs for trust accounts			—				—				—
Provision for general allowance for credit losses			12,836				(29,172	)			42,008
Provision for special allowance for credit losses			16,333				(7,476	)			23,810
Allowance for credit to specific foreign borrowers			1,692				235				1,457
Losses on loans write-offs			(1,384	)			(5,834	)			4,450
Provision for contingent losses included in credit costs			(3,291	)			2,689				(5,980	)
Gains on loans written-off			2,756				2,553				203
Losses on sales of other loans, etc.			(239	)			(245	)			5
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities			380,977				440,624				(59,647	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation			363,026				343,692				19,334

2

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

		(in millions of yen)
		For the three months ended								Increase   (Decrease) (A) - (B)
		June 30, 2025  (A)				June 30, 2024  (B)
Gross profits			680,188				706,691				(26,502	)
Net interest income			423,688				410,152				13,535
Net fees and commissions			168,144				166,126				2,017
Net trading profits			(3,342	)			27,501				(30,843	)
Net other operating profits			91,698				102,910				(11,212	)
Net gains (losses) on debt securities			(27,810	)			(9,491	)			(18,319	)
General and administrative expenses			360,087				352,363				7,723
Amortization of goodwill			839				994				(155	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill			320,940				355,322				(34,382	)
Net operating profits before provision for general allowance for credit losses			320,101				354,327				(34,226	)
Provision for general allowance for credit losses (1)			—				(29,102	)			29,102
Net operating profits			320,101				325,225				(5,123	)
Net non-recurring gains (losses)			68,400				35,001				33,399
Credit costs (2)			(5,007	)			(13,321	)			8,313
Reversal of allowance for credit losses (3)			31,492				—				31,492
Reversal of reserve for contingent losses included in credit costs (4)			—				2,537				(2,537	)
Gains on loans written-off (5)			2,755				2,552				203
Net gains (losses) on equity securities			18,681				40,866				(22,185	)
Gains on sales of equity securities			27,115				45,546				(18,430	)
Losses on sales of equity securities			(7,732	)			(3,278	)			(4,454	)
Losses on write-down of equity securities			(701	)			(1,401	)			699
Other non-recurring gains (losses)			20,478				2,366				18,112
Ordinary profits			388,501				360,226				28,275
Net extraordinary gains (losses)			29,690				5,721				23,969
Income before income taxes			418,192				365,947				52,244
Income taxes-current			107,739				96,856				10,882
Income taxes-deferred			(4,519	)			(13,606	)			9,086
Total taxes			103,219				83,250				19,968
Net income			314,972				282,697				32,275
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)			29,240				(37,334	)			66,574
Provision for general allowance for credit losses			13,463				(29,102	)			42,565
Provision for special allowance for credit losses			16,336				(7,476	)			23,813
Allowance for credit to specific foreign borrowers			1,692				235				1,457
Losses on loans write-off			(1,384	)			(5,834	)			4,450
Provision for contingent losses included in credit costs			(3,383	)			2,537				(5,921	)
Gains on loans written-off			2,755				2,552				203
Losses on sales of other loans, etc.			(239	)			(245	)			5
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities			347,912				363,819				(15,907	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation			334,382				282,498				51,883

3

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

		(in millions of yen)
		For the three months ended								Increase   (Decrease)   (A) - (B)
		June 30, 2025  (A)				June 30, 2024  (B)
Gross profits			87,569				126,527				(38,958	)
Gross profits before credit costs for trust accounts			87,569				126,527				(38,958	)
Trust fees			33,106				30,103				3,003
Credit costs for trust accounts (1)			—				—				—
Net interest income			35,996				74,279				(38,283	)
Net fees and commissions			26,360				23,810				2,550
Net trading profits			(1,757	)			(25,667	)			23,910
Net other operating profits			(6,136	)			24,002				(30,139	)
Net gains (losses) on debt securities			301				(3,248	)			3,549
General and administrative expenses			54,202				52,970				1,231
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			33,366				73,557				(40,190	)
Provision for general allowance for credit losses (2)			(626	)			(69	)			(556	)
Net operating profits			32,740				73,487				(40,747	)
Net non-recurring gains (losses)			14,628				16,077				(1,448	)
Credit costs (3)			(3	)			—				(3	)
Reversal of allowance for credit losses (4)			—				—				—
Reversal of reserve for contingent losses included in credit costs (5)			92				151				(59	)
Gains on loans written-off (6)			1				1				0
Net gains (losses) on equity securities			9,766				11,462				(1,696	)
Gains on sales of equity securities			10,578				12,701				(2,123	)
Losses on sales of equity securities			(12	)			(4	)			(8	)
Losses on write-down of equity securities			(799	)			(1,234	)			435
Other non-recurring gains (losses)			4,771				4,461				310
Ordinary profits			47,368				89,564				(42,195	)
Net extraordinary gains (losses)			(413	)			(12	)			(400	)
Income before income taxes			46,955				89,551				(42,596	)
Income taxes-current			3,906				4,768				(862	)
Income taxes-deferred			6,327				6,246				81
Total taxes			10,233				11,015				(781	)
Net income			36,721				78,536				(41,815	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)			(536	)			82				(619	)
Credit costs for trust accounts			—				—				—
Provision for general allowance for credit losses			(626	)			(69	)			(556	)
Provision for special allowance for credit losses			(3	)			—				(3	)
Allowance for credit to specific foreign borrowers			—				—				—
Losses on loans write-offs			—				—				—
Provision for contingent losses included in credit costs			92				151				(59	)
Gains on loans written-off			1				1				0
Losses on sales of other loans, etc.			—				—				—
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities			33,065				76,805				(43,740	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation			28,644				61,193				(32,548	)

4

Mitsubishi UFJ Financial Group, Inc.

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

MUFG Consolidated

(after write-offs)		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Bankrupt or De facto Bankrupt			301,646				300,776
Doubtful			650,596				693,225
Special Attention			506,060				536,469
Accruing loans contractually past due 3 months or more			18,260				17,863
Restructured loans			487,800				518,605
Subtotal (A)			1,458,303				1,530,471
Normal(B)			137,404,700				135,805,816
Total loans (C=A+B)			138,863,003				137,336,287
Non-performing loans ratio (A)/(C)			1.05%				1.11%
BK and TB Combined including Trust Account
(after write-offs)		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Bankrupt or De facto Bankrupt			45,450				50,052
Doubtful			403,208				448,449
Special Attention			341,278				365,391
Accruing loans contractually past due 3 months or more			9,834				9,236
Restructured loans			331,443				356,154
Subtotal (A)			789,936				863,892
Normal(B)			122,936,744				121,231,909
Total loans (C=A+B)			123,726,681				122,095,802
Non-performing loans ratio (A)/(C)			0.63%				0.70%
BK Non-consolidated
(after write-offs)		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Bankrupt or De facto Bankrupt			45,400				50,002
Doubtful			402,083				447,324
Special Attention			341,278				365,391
Accruing loans contractually past due 3 months or more			9,834				9,236
Restructured loans			331,443				356,154
Subtotal (A)			788,762				862,718
Normal(B)			120,054,918				118,665,863
Total loans (C=A+B)			120,843,680				119,528,581
Non-performing loans ratio (A)/(C)			0.65%				0.72%
TB Non-consolidated
(after write-offs)		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Bankrupt or De facto Bankrupt			49				49
Doubtful			1,124				1,124
Special Attention			—				—
Accruing loans contractually past due 3 months or more			—				—
Restructured loans			—				—
Subtotal (A)			1,174				1,174
Normal(B)			2,879,481				2,563,577
Total loans (C=A+B)			2,880,655				2,564,752
Non-performing loans ratio (A)/(C)			0.04%				0.04%
TB Non-consolidated: Trust Account
(after write-offs)		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Bankrupt or De facto Bankrupt			—				—
Doubtful			—				—
Special Attention			—				—
Accruing loans contractually past due 3 months or more			—				—
Restructured loans			—				—
Subtotal (A)			—				—
Normal(B)			2,345				2,468
Total loans (C=A+B)			2,345				2,468
Non-performing loans ratio (A)/(C)			—				—

5

Mitsubishi UFJ Financial Group, Inc.

3. Securities

MUFG Consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, securitized products in

“Monetary claims bought” and others in addition to “Securities”.

		(in millions of yen)
		As of June 30, 2025								As of March 31, 2025
		Amount on consolidated balance sheet				Unrealized gains (losses)				Amount on consolidated balance sheet				Unrealized gains (losses)
Debt securities being held to maturity			24,030,408				(541,239	)			23,272,183				(625,190	)
Domestic bonds			17,840,880				(411,064	)			17,115,009				(491,977	)
Government bonds			13,704,158				(298,316	)			13,300,923				(369,059	)
Municipal bonds			2,656,496				(77,351	)			2,545,626				(93,140	)
Corporate bonds			1,480,225				(35,396	)			1,268,459				(29,777	)
Other			6,189,527				(130,174	)			6,157,174				(133,213	)
Foreign bonds			4,554,839				(135,871	)			4,690,276				(137,239	)
Other			1,634,688				5,697				1,466,897				4,026

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

6

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, securitized products in

“Monetary claims bought” and others in addition to “Securities”.

		(in millions of yen)
		As of June 30, 2025								As of March 31, 2025
		Amount on balance sheet				Unrealized gains (losses)				Amount on balance sheet				Unrealized gains (losses)
Debt securities being held to maturity			21,863,022				(527,435	)			21,295,315				(607,764	)
Stocks of subsidiaries and affiliates			684,864				463,216				684,864				464,454
		(in millions of yen)
		As of June 30, 2025								As of March 31, 2025
		Amount on balance sheet				Unrealized gains (losses)				Amount on balance sheet				Unrealized gains (losses)
Available-for-sale securities			38,145,913				2,088,019				45,173,480				2,005,377
Domestic equity securities			3,081,569				2,127,449				3,012,332				2,044,936
Domestic bonds			14,993,253				(129,445	)			20,849,312				(138,304	)
Other			20,071,090				90,014				21,311,835				98,744
Foreign equity securities			623,223				48,258				605,665				17,076
Foreign bonds			13,266,592				74,840				13,651,795				88,819
Other			6,181,274				(33,083	)			7,054,373				(7,151	)

7

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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

		(in millions of yen)
		As of June 30, 2025								As of March 31, 2025
		Amount on balance sheet				Unrealized gains (losses)				Amount on balance sheet				Unrealized gains (losses)
Debt securities being held to maturity			2,167,385				(13,803	)			1,976,868				(17,426	)
Stocks of subsidiaries and affiliates			18,650				(1,404	)			19,189				(1,368	)
		(in millions of yen)
		As of June 30, 2025								As of March 31, 2025
		Amount on balance sheet				Unrealized gains (losses)				Amount on balance sheet				Unrealized gains (losses)
Available-for-sale securities			12,583,390				280,367				11,541,216				251,081
Domestic equity securities			593,577				424,893				588,732				413,329
Domestic bonds			2,145,670				(102,931	)			2,181,927				(111,341	)
Other			9,844,142				(41,594	)			8,770,556				(50,907	)
Foreign equity securities			158				107				130				81
Foreign bonds			7,779,196				(85,742	)			7,018,941				(123,179	)
Other			2,064,787				44,040				1,751,484				72,191

8

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated

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

Note:

*1 Japan Exchange Group

9

Mitsubishi UFJ Financial Group, Inc.

5. Average Interest Rate Spread

BK and TB Combined

		(percentage per annum)
(Domestic business segment)		For the three months ended June 30, 2025				For the three months ended June 30, 2024
Average interest rate on loans and bills discounted			1.06				0.82
Average interest rate on deposits and NCD			0.17				0.01
Interest rate spread			0.89				0.80
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted			1.13				0.87
Interest rate spread			0.95				0.86

BK Non-consolidated

		(percentage per annum)
(Domestic business segment)		For the three months ended June 30, 2025				For the three months ended June 30, 2024
Average interest rate on loans and bills discounted			1.06				0.82
Average interest rate on deposits and NCD			0.16				0.01
Interest rate spread			0.90				0.81
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted			1.13				0.88
Interest rate spread			0.96				0.86

TB Non-consolidated

		(percentage per annum)
(Domestic business segment)		For the three months ended June 30, 2025				For the three months ended June 30, 2024
Average interest rate on loans and bills discounted			0.91				0.64
Average interest rate on deposits and NCD			0.29				0.05
Interest rate spread			0.62				0.59
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted			0.91				0.74
Interest rate spread			0.62				0.68

10

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BK and TB Combined

		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Deposits (ending balance)			212,429,174				215,970,679
Deposits (average balance)			215,871,764				215,144,567
Loans (ending balance)			111,456,580				110,082,264
Loans (average balance)			111,050,972				110,710,718
		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Domestic deposits (ending balance)*			177,078,647				179,854,343
Individuals			94,120,942				93,618,823

Note:

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

BK Non-consolidated

		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Deposits (ending balance)			199,209,148				202,712,799
Deposits (average balance)			202,331,837				201,300,396
Loans (ending balance)			108,784,168				107,742,591
Loans (average balance)			108,435,780				108,514,370
		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Domestic deposits (ending balance)*			166,129,469				169,250,502
Individuals			87,951,024				87,578,130

Note:

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

TB Non-consolidated

		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Deposits (ending balance)			13,220,026				13,257,880
Deposits (average balance)			13,539,927				13,844,171
Loans (ending balance)			2,672,411				2,339,672
Loans (average balance)			2,615,191				2,196,348
		(in millions of yen)
		As of June 30, 2025				As of March 31, 2025
Domestic deposits (ending balance)*			10,949,177				10,603,841
Individuals			6,169,918				6,040,693

Note:

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

11

Mitsubishi UFJ Financial Group, Inc.

7. Statements of Trust Assets and Liabilities

TB Non-consolidated

Including trust assets under service-shared co-trusteeship

(in millions of yen)		As of March 31, 2025				As of June 30, 2025
Assets:
Loans and bills discounted			1,507,955				1,362,207
Securities			82,297,398				82,165,586
Beneficiary rights to the trust			171,790,489				171,636,024
Securities held in custody accounts			3,182,746				3,849,959
Monetary claims			37,473,051				38,296,464
Tangible fixed assets			24,848,502				25,519,222
Intangible fixed assets			229,603				237,119
Other claims			4,279,871				4,368,859
Call loans			5,651,749				5,178,027
Due from banking account			4,244,900				3,403,147
Cash and due from banks			6,403,878				6,474,085
Total			341,910,148				342,490,703
Liabilities:
Money trusts			39,222,424				36,268,216
Pension trusts			13,366,896				13,109,796
Property formation benefit trusts			5,228				5,184
Investment trusts			170,479,519				170,332,783
Money entrusted other than money trusts			7,388,623				8,093,513
Securities trusts			5,392,692				5,956,839
Monetary claim trusts			32,124,384				33,177,936
Equipment trusts			412,714				501,729
Land and fixtures trusts			18,442				18,470
Composite trusts			73,499,220				75,026,233
Total			341,910,148				342,490,703

Note:1. The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.

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

12

FAQ

What did Waters (WAT) disclose in its 8-K dated 4 Aug 2025?

The company furnished a press release containing Q2-25 results (Exhibit 99.1) and referenced a planned transaction with BD and Augusta SpinCo.

Are Waters’ Q2-25 financial numbers included in this filing?

No. The actual figures are only in the press release attached as Exhibit 99.1; the 8-K text contains no metrics.

What transaction is Waters planning with Becton, Dickinson and Company?

Waters, BD and Augusta SpinCo intend to file Form S-4 and Form 10 related to a proposed spin-off/transaction. Specific terms are not disclosed here.

Is the information in Item 2.02 considered “filed” with the SEC?

No. It is furnished, not filed, and therefore not subject to Exchange Act Section 18 liability.

Where can investors obtain the detailed proxy/prospectus once available?

Free copies will be accessible on the SEC’s EDGAR system (sec.gov) and on Waters’ and BD’s investor relations websites.