MUFG (MUFG) lifts nine-month profit and raises annual dividend target

Rhea-AI Filing Summary

Mitsubishi UFJ Financial Group (MUFG) reports steady growth for the nine months ended December 31, 2025, with ordinary income of 10,643,805 million yen and ordinary profits of 2,509,250 million yen, both up 3.6% year on year. Profits attributable to owners of parent rose to 1,813,508 million yen, an increase of 3.7%, and basic earnings per share improved to 158.89 yen from 149.85 yen.

Total assets reached 418,107,863 million yen and total net assets were 22,809,787 million yen, giving an equity‑to‑asset ratio of 5.1%. MUFG targets 2,100.0 billion yen of full‑year profits attributable to owners of parent and keeps this target unchanged. The company plans total common dividends of 74.00 yen per share for the year ending March 31, 2026, up from 64.00 yen for the prior year, while non‑performing loan ratios and return on equity remain stable.

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 February 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: February 4, 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

Consolidated Summary Report

<under Japanese GAAP>

for the nine months ended December 31, 2025

February 4, 2026

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 Nine Months ended December 31, 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 nine months ended
December 31, 2025			10,643,805				3.6				2,509,250				3.6				1,813,508				3.7
December 31, 2024			10,277,584				20.8				2,421,937				34.4				1,748,939				34.7

(*) Comprehensive income

        December 31, 2025: 2,188,784 million yen, 30.0 %; December 31, 2024: 1,684,256 million yen, (28.9) %

		Basic earnings per share				Diluted earnings per share
		yen				yen
For the nine months ended
December 31, 2025			158.89				158.31
December 31, 2024			149.85				149.42

(2) Financial Conditions

		Total Assets				Total Net Assets				Equity-to-asset ratio (*)
		million yen				million yen				%
As of
December 31, 2025			418,107,863				22,809,787				5.1
March 31, 2025			413,113,501				21,728,132				5.0

(Reference) Shareholders’ equity as of December 31, 2025: 21,363,269 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			—				35.00				—
ending March 31, 2026 (Forecast)															39.00				74.00

(*) 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 2,100.0 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 November 14, 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.

 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:		December 31, 2025			11,867,710,920 shares
		March 31, 2025			12,067,710,920 shares
(B) Treasury stocks:		December 31, 2025			532,712,226 shares
		March 31, 2025			561,193,945 shares
(C) Average outstanding stocks:		Nine months ended December 31, 2025			11,413,282,350 shares
		Nine months ended December 31, 2024			11,671,236,948 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 Policies			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 Nine Months Ended December 31, 2025”

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Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

The subject matter is described in the “Financial Highlights” disclosed on February 4, 2026, 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, Third Quarter, on the above website.

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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  December 31, 2025
Assets:
Cash and due from banks			109,095,437				89,184,343
Call loans and bills bought			1,180,949				1,559,713
Receivables under resale agreements			18,856,895				18,333,267
Receivables under securities borrowing transactions			5,701,495				4,726,642
Monetary claims bought			6,620,404				7,591,647
Trading assets			26,142,919				33,875,592
Money held in trust			1,084,487				1,224,111
Securities			86,125,371				85,123,357
Loans and bills discounted			121,436,133				130,338,032
Foreign exchanges			1,913,526				2,457,074
Other assets			17,824,068				25,122,151
Tangible fixed assets			1,240,104				1,380,295
Intangible fixed assets			1,875,551				1,940,044
Net defined benefit assets			2,217,529				2,285,502
Deferred tax assets			148,752				134,990
Customers’ liabilities for acceptances and guarantees			12,864,745				14,030,653
Allowance for credit losses			(1,214,870	)			(1,199,555	)
Total assets			413,113,501				418,107,863
Liabilities:
Deposits			228,512,749				232,508,734
Negotiable certificates of deposit			17,374,010				18,207,720
Call money and bills sold			5,072,926				5,192,044
Payables under repurchase agreements			43,359,076				39,058,629
Payables under securities lending transactions			699,852				1,416,750
Commercial papers			3,475,042				3,976,944
Trading liabilities			19,362,603				26,707,033
Borrowed money			22,101,954				10,456,781
Foreign exchanges			2,508,462				2,512,530
Short-term bonds payable			1,373,236				1,124,012
Bonds payable			14,018,955				15,897,083
Due to trust accounts			4,937,999				3,396,843
Other liabilities			14,563,347				19,678,477
Reserve for bonuses			251,665				198,756
Reserve for bonuses to directors			2,879				3,138
Reserve for stocks payment			11,077				11,919
Net defined benefit liabilities			104,612				106,214
Reserve for retirement benefits to directors			813				904
Reserve for loyalty award credits			7,730				9,945
Reserve for contingent losses			150,657				124,575
Reserves under special laws			5,295				5,886
Deferred tax liabilities			540,770				588,253
Deferred tax liabilities for land revaluation			84,903				84,240
Acceptances and guarantees			12,864,745				14,030,653
Total liabilities			391,385,368				395,298,076

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Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)		As of     March 31, 2025				As of  December 31, 2025
Net assets:
Capital stock			2,141,513				2,141,513
Capital surplus			—				—
Retained earnings			14,845,617				15,533,884
Treasury stock			(726,631	)			(799,427	)
Total shareholders’ equity			16,260,498				16,875,970
Net unrealized gains (losses) on available-for-sale securities			1,327,127				1,892,643
Net deferred gains (losses) on hedging instruments			(894,227	)			(1,307,531	)
Land revaluation excess			122,400				121,461
Foreign currency translation adjustments			3,198,279				3,367,121
Remeasurements of defined benefit plans			554,502				506,888
Debt value adjustments of foreign subsidiaries and affiliates			(51,663	)			(97,582	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates			3,457				4,297
Total accumulated other comprehensive income			4,259,875				4,487,299
Subscription rights to shares			11				20
Non-controlling interests			1,207,746				1,446,498
Total net assets			21,728,132				22,809,787
Total liabilities and net assets			413,113,501				418,107,863

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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 nine months ended  December 31, 2024				For the nine months ended  December 31, 2025
Ordinary income			10,277,584				10,643,805
Interest income			6,483,557				6,439,631
Interest on loans and bills discounted			3,282,823				3,122,284
Interest and dividends on securities			1,225,699				1,341,538
Trust fees			107,504				119,426
Fees and commissions			1,725,244				1,885,256
Trading income			288,130				315,354
Other operating income			470,870				675,583
Other ordinary income			1,202,276				1,208,552
Ordinary expenses			7,855,646				8,134,554
Interest expenses			4,309,559				4,246,420
Interest on deposits			1,679,732				1,556,692
Fees and commissions			312,429				324,837
Trading expenses			—				119,682
Other operating expenses			331,999				275,291
General and administrative expenses			2,361,816				2,504,614
Other ordinary expenses			539,842				663,709
Ordinary profits			2,421,937				2,509,250
Extraordinary gains			11,692				47,102
Gains on disposition of fixed assets			11,692				7,512
Gains on step acquisitions			—				22,028
Gains on liquidation of subsidiaries			—				17,555
Gains on change in equity			—				5
Extraordinary losses			27,535				60,399
Losses on disposition of fixed assets			7,296				12,557
Losses on impairment of fixed assets			16,949				16,510
Provision for reserve for contingent liabilities from financial instruments transactions			266				591
Provision for reserve for contingent liabilities arising from commodities transactions			—				0
Expenses relating to systems integration			—				30,739
Losses on sales of shares of subsidiaries			3,023				—
Profits before income taxes			2,406,094				2,495,954
Income taxes-current			432,990				532,424
Income taxes-deferred			147,449				47,526
Total taxes			580,440				579,951
Profits			1,825,654				1,916,003
Profits attributable to non-controlling interests			76,714				102,494
Profits attributable to owners of parent			1,748,939				1,813,508

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Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income

(in millions of yen)		For the nine months ended  December 31, 2024				For the nine months ended  December 31, 2025
Profits			1,825,654				1,916,003
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities			(502,465	)			543,094
Net deferred gains (losses) on hedging instruments			(115,304	)			(412,295	)
Land revaluation excess			—				16
Foreign currency translation adjustments			348,360				50,771
Remeasurements of defined benefit plans			(42,233	)			(49,173	)
Net unrealized gains (losses) on loans of foreign subsidiaries			3,198				2,692
Share of other comprehensive income of associates accounted for using equity method			167,047				137,675
Total other comprehensive income			(141,397	)			272,781
Comprehensive income			1,684,256				2,188,784
(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent			1,556,329				2,043,270
Comprehensive income attributable to non-controlling interests			127,926				145,514

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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 nine months ended December 31, 2025.

The impact of the resulting changes in accounting estimates on our consolidated financial statements as of and for the nine months ended December 31, 2025, is immaterial.

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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 nine months ended December 31, 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 nine months ended December 31, 2024 has been restated based on the new calculation method.

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Mitsubishi UFJ Financial Group, Inc.

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

For the nine months ended December 31, 2024

		(in millions of yen)
		For the nine months ended December 31, 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			¥686,833			¥	518,894			¥	773,286			¥	803,119			¥	371,334			¥	717,179			¥	3,870,647			¥	261,534			¥	(17,331	)		¥	4,114,850
Operating expenses			490,629				317,644				287,568				431,753				268,479				333,484				2,129,561				233,611				57,449				2,420,622
Operating profit (loss)			¥196,203			¥	201,249			¥	485,717			¥	371,365			¥	102,854			¥	383,695			¥	1,741,085			¥	27,923			¥	(74,781	)		¥	1,694,227

(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 nine months ended December 31, 2025

		(in millions of yen)
		For the nine months ended December 31, 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		¥	782,790			¥	608,423			¥	792,053			¥	641,992			¥	439,478			¥	787,487			¥	4,052,225			¥	439,815			¥	(15,364	)		¥	4,476,675
Operating expenses			568,236				338,219				303,610				383,836				320,814				361,666				2,276,383				247,023				80,637				2,604,044
Operating profit (loss)		¥	214,553			¥	270,203			¥	488,443			¥	258,155			¥	118,664			¥	425,821			¥	1,775,841			¥	192,791			¥	(96,002	)		¥	1,872,631

(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.

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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 nine-month period

Operating profit		For the nine months ended December 31, 2024				For the nine months ended December 31, 2025
Total operating profit of reporting segments			1,694,227				1,872,631
Operating profit of consolidated subsidiaries excluded from reporting segments			(530	)			(3,083	)
Provision for general allowance for credit losses			72,070				44,568
Credit related expenses			(412,521	)			(342,971	)
Gains on reversal of reserve for contingent losses included in credit costs			5,383				8,211
Gains on loans written-off			84,061				70,394
Net gains on equity securities and other securities			488,176				183,322
Equity in earnings of the equity method investees			428,147				582,912
Others			62,922				93,265
Ordinary profit in the consolidated statement of income			2,421,937				2,509,250

(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 nine-month periods ended December 31, 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 nine months ended December 31,
		2024				2025
Depreciation		¥	284,249			¥	316,381
Amortization of goodwill			27,297				29,958

(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 MUFG Bank, Ltd. (“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.

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Mitsubishi UFJ Financial Group, Inc.

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 December 31, 2025 is ¥15,499 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 nine months ended December 31, 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 fiscal year ending March 31, 2026 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 Nine Months Ended December 31, 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 nine months ended								Increase   (Decrease) (A) - (B)
		December 31, 2025  (A)				December 31, 2024   (B)
Gross profits			4,469,144				4,121,388				347,756
Gross profits before credit costs for trust accounts			4,469,142				4,121,385				347,757
Net interest income			2,193,334				2,174,066				19,268
Trust fees			119,426				107,504				11,922
Credit costs for trust accounts (1)			2				2				(0	)
Net fees and commissions			1,560,419				1,412,815				147,604
Net trading profits			195,671				288,130				(92,458	)
Net other operating profits			400,292				138,871				261,421
Net gains (losses) on debt securities			(68,697	)			(221,178	)			152,480
General and administrative expenses			2,563,225				2,406,698				156,527
Amortization of goodwill			29,958				27,297				2,660
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill			1,935,875				1,741,984				193,891
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			1,905,917				1,714,687				191,230
Provision for general allowance for credit losses (2)			44,568				72,070				(27,501	)
Net operating profits*1			1,950,488				1,786,760				163,728
Net non-recurring gains (losses)			558,762				635,177				(76,415	)
Credit costs (3)			(342,971	)			(412,521	)			69,549
Losses on loan write-offs			(172,314	)			(222,381	)			50,067
Provision for specific allowance for credit losses			(162,299	)			(197,390	)			35,090
Other credit costs			(8,357	)			7,250				(15,608	)
Reversal of allowance for credit losses (4)			—				—				—
Reversal of reserve for contingent losses included in credit costs (5)			8,211				5,383				2,828
Gains on loans written-off (6)			70,394				84,061				(13,667	)
Net gains (losses) on equity securities			183,322				488,176				(304,854	)
Gains on sales of equity securities			234,085				529,322				(295,237	)
Losses on sales of equity securities			(42,265	)			(21,564	)			(20,700	)
Losses on write-down of equity securities			(8,497	)			(19,581	)			11,083
Equity in earnings of equity method investees			582,912				428,147				154,765
Other non-recurring gains (losses)			56,893				41,929				14,964
Ordinary profits			2,509,250				2,421,937				87,313
Net extraordinary gains (losses)			(13,296	)			(15,842	)			2,546
Net gains (losses) on disposition of fixed assets			(5,044	)			4,396				(9,440	)
Losses on impairment of fixed assets			(16,510	)			(16,949	)			438
Gains on step acquisitions			22,028				—				22,028
Gains on liquidation of subsidiaries			17,555				—				17,555
Expenses relating to systems integration			(30,739	)			—				(30,739	)
Losses on sales of shares of subsidiaries			—				(3,023	)			3,023
Profits before income taxes			2,495,954				2,406,094				89,859
Income taxes-current			532,424				432,990				99,434
Income taxes-deferred			47,526				147,449				(99,923	)
Total taxes			579,951				580,440				(489	)
Profits			1,916,003				1,825,654				90,348
Profits attributable to non-controlling interests			102,494				76,714				25,780
Profits attributable to owners of parent			1,813,508				1,748,939				64,568
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)			(219,794	)			(251,003	)			31,208

1

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined

		(in millions of yen)
		For the nine months ended								Increase   (Decrease) (A) - (B)
		December 31, 2025  (A)				December 31, 2024  (B)
Gross profits			2,466,492				2,127,497				338,994
Gross profits before credit costs for trust accounts			2,466,490				2,127,494				338,995
Net interest income			1,383,209				1,290,200				93,008
Trust fees			104,052				93,495				10,557
Credit costs for trust accounts (1)			2				2				(0	)
Net fees and commissions			682,564				615,914				66,649
Net trading profits			4,231				59,560				(55,329	)
Net other operating profits			292,435				68,326				224,108
Net gains (losses) on debt securities			(68,692	)			(218,798	)			150,105
General and administrative expenses			1,280,200				1,175,534				104,665
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			1,186,289				951,959				234,329
Provision for general allowance for credit losses (2)			(346	)			(20	)			(325	)
Net operating profits			1,185,946				951,942				234,003
Net non-recurring gains (losses)			258,403				543,085				(284,682	)
Credit costs (3)			(11,857	)			(13,219	)			1,362
Reversal of allowance for credit losses (4)			25,174				35,695				(10,520	)
Reversal of reserve for contingent losses included in credit costs (5)			8,035				5,792				2,242
Gains on loans written-off (6)			5,676				9,537				(3,860	)
Net gains (losses) on equity securities			174,977				470,763				(295,786	)
Gains on sales of equity securities			223,258				509,908				(286,649	)
Losses on sales of equity securities			(39,507	)			(19,745	)			(19,761	)
Losses on write-down of equity securities			(8,774	)			(19,398	)			10,624
Other non-recurring gains (losses)			56,397				34,517				21,880
Ordinary profits			1,444,349				1,495,027				(50,678	)
Net extraordinary gains (losses)			(34,560	)			(12,382	)			(22,178	)
Income before income taxes			1,409,789				1,482,645				(72,856	)
Income taxes-current			407,455				317,148				90,306
Income taxes-deferred			(8,867	)			52,718				(61,586	)
Total taxes			398,587				369,867				28,720
Net income			1,011,201				1,112,778				(101,576	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)			26,685				37,787				(11,101	)
Credit costs for trust accounts			2				2				(0	)
Provision for general allowance for credit losses			54,388				63,589				(9,200	)
Provision for special allowance for credit losses			(33,005	)			(37,825	)			4,819
Allowance for credit to specific foreign borrowers			3,392				9,819				(6,427	)
Losses on loans write-offs			(10,228	)			(10,254	)			26
Provision for contingent losses included in credit costs			8,035				5,792				2,242
Gains on loans written-off			5,676				9,537				(3,860	)
Losses on sales of other loans, etc.			(1,575	)			(2,874	)			1,298
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities			1,254,982				1,170,757				84,224
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			1,254,647				1,080,100				174,547

2

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

		(in millions of yen)
		For the nine months ended								Increase   (Decrease) (A) - (B)
		December 31, 2025  (A)				December 31, 2024  (B)
Gross profits			2,173,154				1,853,342				319,811
Net interest income			1,267,266				1,172,117				95,149
Net fees and commissions			596,634				534,245				62,388
Net trading profits			89,762				78,953				10,808
Net other operating profits			219,490				68,025				151,464
Net gains (losses) on debt securities			(62,725	)			(196,879	)			134,153
General and administrative expenses			1,118,204				1,020,820				97,384
Amortization of goodwill			2,645				2,754				(108	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill			1,057,595				835,276				222,318
Net operating profits before provision for general allowance for credit losses			1,054,949				832,522				222,427
Provision for general allowance for credit losses (1)			—				—				—
Net operating profits			1,054,949				832,522				222,427
Net non-recurring gains (losses)			205,183				410,971				(205,787	)
Credit costs (2)			(11,804	)			(13,129	)			1,325
Reversal of allowance for credit losses (3)			25,174				35,695				(10,520	)
Reversal of reserve for contingent losses included in credit costs (4)			7,976				5,449				2,527
Gains on loans written-off (5)			5,672				9,522				(3,849	)
Net gains (losses) on equity securities			137,304				352,987				(215,683	)
Gains on sales of equity securities			181,133				386,618				(205,485	)
Losses on sales of equity securities			(38,438	)			(17,075	)			(21,362	)
Losses on write-down of equity securities			(5,390	)			(16,555	)			11,164
Other non-recurring gains (losses)			40,858				20,445				20,412
Ordinary profits			1,260,132				1,243,493				16,639
Net extraordinary gains (losses)			(30,036	)			2,968				(33,005	)
Income before income taxes			1,230,096				1,246,461				(16,365	)
Income taxes-current			372,547				269,007				103,540
Income taxes-deferred			(23,638	)			45,150				(68,789	)
Total taxes			348,908				314,158				34,750
Net income			881,187				932,303				(51,116	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)			27,020				37,537				(10,516	)
Provision for general allowance for credit losses			54,734				63,609				(8,875	)
Provision for special allowance for credit losses			(32,952	)			(37,734	)			4,781
Allowance for credit to specific foreign borrowers			3,392				9,819				(6,427	)
Losses on loans write-off			(10,228	)			(10,254	)			26
Provision for contingent losses included in credit costs			7,976				5,449				2,527
Gains on loans written-off			5,672				9,522				(3,849	)
Losses on sales of other loans, etc.			(1,575	)			(2,875	)			1,299
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities			1,117,674				1,029,401				88,273
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation			1,126,944				950,843				176,101

3

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated 

		(in millions of yen)
		For the nine months ended								Increase   (Decrease) (A) - (B)
		December 31, 2025  (A)				December 31, 2024  (B)
Gross profits			293,338				274,155				19,183
Gross profits before credit costs for trust accounts			293,336				274,152				19,183
Trust fees			104,052				93,495				10,557
Credit costs for trust accounts (1)			2				2				(0	)
Net interest income			115,942				118,083				(2,140	)
Net fees and commissions			85,929				81,668				4,261
Net trading profits			(85,531	)			(19,393	)			(66,138	)
Net other operating profits			72,944				301				72,643
Net gains (losses) on debt securities			(5,967	)			(21,918	)			15,951
General and administrative expenses			161,995				154,714				7,281
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			131,340				119,437				11,902
Provision for general allowance for credit losses (2)			(346	)			(20	)			(325	)
Net operating profits			130,996				119,420				11,576
Net non-recurring gains (losses)			53,220				132,114				(78,894	)
Credit costs (3)			(53	)			(89	)			36
Reversal of allowance for credit losses (4)			—				—				—
Reversal of reserve for contingent losses included in credit costs (5)			58				342				(284	)
Gains on loans written-off (6)			3				15				(11	)
Net gains (losses) on equity securities			37,673				117,775				(80,102	)
Gains on sales of equity securities			42,125				123,289				(81,164	)
Losses on sales of equity securities			(1,068	)			(2,670	)			1,601
Losses on write-down of equity securities			(3,383	)			(2,843	)			(539	)
Other non-recurring gains (losses)			15,539				14,071				1,467
Ordinary profits			184,217				251,534				(67,317	)
Net extraordinary gains (losses)			(4,524	)			(15,351	)			10,826
Income before income taxes			179,693				236,183				(56,490	)
Income taxes-current			34,907				48,141				(13,233	)
Income taxes-deferred			14,771				7,568				7,203
Total taxes			49,679				55,709				(6,030	)
Net income			130,014				180,474				(50,460	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)			(335	)			249				(585	)
Credit costs for trust accounts			2				2				(0	)
Provision for general allowance for credit losses			(346	)			(20	)			(325	)
Provision for special allowance for credit losses			(53	)			(91	)			37
Allowance for credit to specific foreign borrowers			—				—				—
Losses on loans write-offs			—				—				—
Provision for contingent losses included in credit costs			58				342				(284	)
Gains on loans written-off			3				15				(11	)
Losses on sales of other loans, etc.			—				1				(1	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities			137,307				141,356				(4,049	)
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			127,703				129,256				(1,553	)

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 December 31, 2025				As of March 31, 2025
Bankrupt or De facto Bankrupt			312,857				300,776
Doubtful			667,741				693,225
Special Attention			472,027				536,469
Accruing loans contractually past due 3 months or more			17,663				17,863
Restructured loans			454,363				518,605
Subtotal (A)			1,452,626				1,530,471
Normal(B)			146,492,934				135,805,816
Total loans (C=A+B)			147,945,560				137,336,287
Non-performing loans ratio (A)/(C)			0.98%				1.11%
BK and TB Combined including Trust Account
(after write-offs)		(in millions of yen)
		As of December 31, 2025				As of March 31, 2025
Bankrupt or De facto Bankrupt			50,594				50,052
Doubtful			396,127				448,449
Special Attention			294,941				365,391
Accruing loans contractually past due 3 months or more			9,542				9,236
Restructured loans			285,398				356,154
Subtotal (A)			741,663				863,892
Normal(B)			130,872,773				121,231,909
Total loans (C=A+B)			131,614,436				122,095,802
Non-performing loans ratio (A)/(C)			0.56%				0.70%
BK Non-consolidated
(after write-offs)		(in millions of yen)
		As of December 31, 2025				As of March 31, 2025
Bankrupt or De facto Bankrupt			50,594				50,002
Doubtful			394,955				447,324
Special Attention			294,941				365,391
Accruing loans contractually past due 3 months or more			9,542				9,236
Restructured loans			285,398				356,154
Subtotal (A)			740,491				862,718
Normal(B)			127,878,505				118,665,863
Total loans (C=A+B)			128,618,997				119,528,581
Non-performing loans ratio (A)/(C)			0.57%				0.72%
TB Non-consolidated
(after write-offs)		(in millions of yen)
		As of December 31, 2025				As of March 31, 2025
Bankrupt or De facto Bankrupt			—				49
Doubtful			1,171				1,124
Special Attention			—				—
Accruing loans contractually past due 3 months or more			—				—
Restructured loans			—				—
Subtotal (A)			1,171				1,174
Normal(B)			2,992,231				2,563,577
Total loans (C=A+B)			2,993,403				2,564,752
Non-performing loans ratio (A)/(C)			0.03%				0.04%
TB Non-consolidated: Trust Account
(after write-offs)		(in millions of yen)
		As of December 31, 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)			2,036				2,468
Total loans (C=A+B)			2,036				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 December 31, 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			25,120,700				(872,443	)			23,272,183				(625,190	)
Domestic bonds			18,676,985				(814,891	)			17,115,009				(491,977	)
Government bonds			14,324,674				(573,070	)			13,300,923				(369,059	)
Municipal bonds			2,831,890				(138,610	)			2,545,626				(93,140	)
Corporate bonds			1,520,420				(103,210	)			1,268,459				(29,777	)
Other			6,443,715				(57,552	)			6,157,174				(133,213	)
Foreign bonds			4,575,922				(60,815	)			4,690,276				(137,239	)
Other			1,867,792				3,263				1,466,897				4,026

		(in millions of yen)
		As of December 31, 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			58,315,995				3,076,399				61,321,796				2,203,663
Domestic equity securities			4,104,165				3,109,263				3,540,457				2,458,566
Domestic bonds			14,561,779				(342,540	)			23,123,161				(249,533	)
Government bonds			12,941,566				(205,401	)			21,181,296				(155,513	)
Municipal bonds			183,949				(9,773	)			309,997				(9,776	)
Corporate bonds			1,436,263				(127,365	)			1,631,867				(84,243	)
Other			39,650,050				309,675				34,658,178				(5,368	)
Foreign equity securities			849,399				146,262				662,949				36,272
Foreign bonds			28,593,961				26,142				24,182,709				(113,323	)
Other			10,206,688				137,271				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 December 31, 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			22,269,202				(841,649	)			21,295,315				(607,764	)
Stocks of subsidiaries and affiliates			670,878				616,573				684,864				464,454
		(in millions of yen)
		As of December 31, 2025								As of March 31, 2025
		Amount on balance sheet				Unrealized gains (losses)				Amount on balance sheet				Unrealized gains (losses)
Available-for-sale securities			39,931,035				2,734,956				45,173,480				2,005,377
Domestic equity securities			3,540,601				2,639,750				3,012,332				2,044,936
Domestic bonds			12,428,200				(171,778	)			20,849,312				(138,304	)
Other			23,962,233				266,984				21,311,835				98,744
Foreign equity securities			728,482				114,721				605,665				17,076
Foreign bonds			16,267,768				131,908				13,651,795				88,819
Other			6,965,981				20,354				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 December 31, 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			2,851,497				(30,794	)			1,976,868				(17,426	)
Stocks of subsidiaries and affiliates			18,650				(867	)			19,189				(1,368	)
		(in millions of yen)
		As of December 31, 2025								As of March 31, 2025
		Amount on balance sheet				Unrealized gains (losses)				Amount on balance sheet				Unrealized gains (losses)
Available-for-sale securities			13,120,921				368,190				11,541,216				251,081
Domestic equity securities			654,105				499,202				588,732				413,329
Domestic bonds			1,926,792				(170,596	)			2,181,927				(111,341	)
Other			10,540,023				39,584				8,770,556				(50,907	)
Foreign equity securities			172				116				130				81
Foreign bonds			8,261,100				(72,626	)			7,018,941				(123,179	)
Other			2,278,750				112,094				1,751,484				72,191

8

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated

		(%)
		For the nine months ended December 31, 2025				For the nine months ended December 31, 2024
ROE (JPX basis) *1			11.55				11.67

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 nine months ended December 31, 2025				For the nine months ended December 31, 2024
Average interest rate on loans and bills discounted			1.11				0.83
Average interest rate on deposits and NCD			0.19				0.04
Interest rate spread			0.92				0.78
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted			1.17				0.90
Interest rate spread			0.98				0.86

BK Non-consolidated

		(percentage per annum)
(Domestic business segment)		For the nine months ended December 31, 2025				For the nine months ended December 31, 2024
Average interest rate on loans and bills discounted			1.11				0.83
Average interest rate on deposits and NCD			0.17				0.04
Interest rate spread			0.94				0.79
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted			1.17				0.91
Interest rate spread			1.00				0.86

TB Non-consolidated

		(percentage per annum)
(Domestic business segment)		For the nine months ended December 31, 2025				For the nine months ended December 31, 2024
Average interest rate on loans and bills discounted			0.99				0.72
Average interest rate on deposits and NCD			0.37				0.10
Interest rate spread			0.62				0.61
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted			0.99				0.76
Interest rate spread			0.62				0.65

10

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BK and TB Combined

		(in millions of yen)
		As of December 31, 2025				As of March 31, 2025
Deposits (ending balance)			219,251,820				215,970,679
Deposits (average balance)			218,784,354				215,144,567
Loans (ending balance)			118,150,475				110,082,264
Loans (average balance)			115,326,924				110,710,718
		(in millions of yen)
		As of December 31, 2025				As of March 31, 2025
Domestic deposits (ending balance)*			181,051,336				179,854,343
Individuals			95,622,005				93,618,823
Note:
*  Amounts do not include negotiable certificates of deposit and JOM accounts.
BK Non-consolidated
		(in millions of yen)
		As of December 31, 2025				As of March 31, 2025
Deposits (ending balance)			204,388,113				202,712,799
Deposits (average balance)			204,375,818				201,300,396
Loans (ending balance)			115,515,238				107,742,591
Loans (average balance)			112,598,801				108,514,370
		(in millions of yen)
		As of December 31, 2025				As of March 31, 2025
Domestic deposits (ending balance)*			168,886,650				169,250,502
Individuals			88,914,600				87,578,130
Note:
*  Amounts do not include negotiable certificates of deposit and JOM accounts.
TB Non-consolidated
		(in millions of yen)
		As of December 31, 2025				As of March 31, 2025
Deposits (ending balance)			14,863,707				13,257,880
Deposits (average balance)			14,408,535				13,844,171
Loans (ending balance)			2,635,237				2,339,672
Loans (average balance)			2,728,122				2,196,348
		(in millions of yen)
		As of December 31, 2025				As of March 31, 2025
Domestic deposits (ending balance)*			12,164,686				10,603,841
Individuals			6,707,405				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 December 31, 2025
Assets:
Loans and bills discounted			1,507,955				1,508,933
Securities			82,297,398				86,580,008
Beneficiary rights to the trust			171,790,489				180,939,350
Securities held in custody accounts			3,182,746				3,950,569
Monetary claims			37,473,051				39,283,969
Tangible fixed assets			24,848,502				27,036,232
Intangible fixed assets			229,603				315,529
Other claims			4,279,871				4,699,775
Call loans			5,651,749				4,560,751
Due from banking account			4,244,900				3,049,790
Cash and due from banks			6,403,878				6,946,844
Total			341,910,148				358,871,755
Liabilities:
Money trusts			39,222,424				36,425,143
Pension trusts			13,366,896				13,542,607
Property formation benefit trusts			5,228				4,918
Investment trusts			170,479,519				179,464,035
Money entrusted other than money trusts			7,388,623				8,521,781
Securities trusts			5,392,692				6,020,137
Monetary claim trusts			32,124,384				33,653,264
Equipment trusts			412,714				899,514
Land and fixtures trusts			18,442				18,596
Composite trusts			73,499,220				80,321,753
Total			341,910,148				358,871,755

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 52,378 millions of yen as of December 31, 2025, respectively.

12

FAQ

How did MUFG (MUFG) perform for the nine months ended December 31, 2025?

MUFG generated ordinary income of 10,643,805 million yen and ordinary profits of 2,509,250 million yen for the nine months ended December 31, 2025. Profits attributable to owners of parent rose to 1,813,508 million yen, reflecting modest year-on-year growth under Japanese GAAP.

What were MUFG (MUFG) earnings per share for the latest nine-month period?

For the nine months ended December 31, 2025, MUFG reported basic earnings per share of 158.89 yen and diluted earnings per share of 158.31 yen. This compares with 149.85 yen basic and 149.42 yen diluted in the same period of the previous fiscal year.

What full-year profit target has MUFG (MUFG) set for FY ending March 31, 2026?

MUFG has set an earnings target of 2,100.0 billion yen in profits attributable to owners of parent for the fiscal year ending March 31, 2026. The company states there is no change from the target released on November 14, 2025, reflecting continued confidence in its outlook.

How are MUFG (MUFG) dividends on common stock changing for FY ending March 31, 2026?

For the fiscal year ending March 31, 2026, MUFG plans total dividends of 74.00 yen per share, including 35.00 yen at second quarter-end and a forecast 39.00 yen at year-end. This compares with 64.00 yen total dividends in the fiscal year ended March 31, 2025.

What is MUFG (MUFG) current financial position in terms of assets and equity?

As of December 31, 2025, MUFG reported total assets of 418,107,863 million yen and total net assets of 22,809,787 million yen. Shareholders’ equity was 21,363,269 million yen, resulting in an equity‑to‑asset ratio of 5.1% based on the company’s disclosed calculation method.

How strong are MUFG (MUFG) asset quality and non-performing loan ratios?

On a consolidated basis, MUFG’s non-performing loans totaled 1,452,626 million yen as of December 31, 2025, against total loans of 147,945,560 million yen. This results in a non-performing loan ratio of 0.98%, improving from 1.11% as of March 31, 2025.

What return on equity did MUFG (MUFG) achieve in the latest period?

For the nine months ended December 31, 2025, MUFG reported ROE (JPX basis) of 11.55%. This is broadly in line with the 11.67% recorded for the nine months ended December 31, 2024, indicating stable profitability relative to shareholders’ equity over the period.