[6-K] MITSUBISHI UFJ FINANCIAL GROUP INC Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Mitsubishi UFJ Financial Group (MUFG) updated its outlook, raising the earnings target for profits attributable to owners of parent to ¥2,100.0bn for the fiscal year ending March 31, 2026. This reflects a ¥100.0bn increase, or +5.0%, over the prior target.

The revision is driven by an expected rise in net operating profits of approximately ¥50.0bn and about ¥150.0bn higher profits other than net operating profits, mainly from equity earnings of equity method investees related to Morgan Stanley. For context, profits attributable to owners of parent were ¥1,862.9bn for the fiscal year ended March 31, 2025.

MUFG also lifted its year-end dividend forecast from ¥35.00 to ¥39.00 per share, bringing the projected annual dividend to ¥74.00 per share for the fiscal year ending March 31, 2026. The company reiterates its policy of stable, sustainable dividend growth and a target dividend payout ratio of approximately 40%.

Insights

Banking sector analyst

MUFG nudges FY2026 profit target and dividend higher.

MUFG increased its profits attributable to owners of parent target to ¥2,100.0bn, a +5.0% lift versus prior guidance. Management cites approximately ¥50.0bn higher net operating profits and about ¥150.0bn more in non‑operating profits, mainly equity earnings tied to Morgan Stanley.

The update suggests steady core performance and supportive affiliate contributions. As a reference point, profits were ¥1,862.9bn for the year ended March 31, 2025, indicating a step-up if achieved.

The year-end dividend forecast rises to ¥39.00 per share, taking the annual dividend to ¥74.00 for the fiscal year ending March 31, 2026, consistent with a payout ratio target of approximately 40%. Actual impact will depend on delivery against these revised targets.

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Accepted by SEC EDGAR 11/14/2025 - 06:04 AM Learn about SEC filing dates

FAQ

What earnings target did MUFG (MUFG) announce for FY ending March 31, 2026?

MUFG set profits attributable to owners of parent at ¥2,100.0bn, a ¥100.0bn (+5.0%) increase from the prior target.

How does MUFG plan to achieve the revised profit target?

MUFG expects about ¥50.0bn higher net operating profits and roughly ¥150.0bn more in other profits, mainly equity earnings related to Morgan Stanley.

What is MUFG’s new dividend forecast for FY ending March 31, 2026?

The year-end dividend is forecast at ¥39.00 per share, bringing the projected annual dividend to ¥74.00 per share.

What was MUFG’s profit in the most recent fiscal year?

Profits attributable to owners of parent were ¥1,862.9bn for the fiscal year ended March 31, 2025.

What is MUFG’s dividend policy and payout target?

MUFG aims for a stable, sustainable increase in dividends with a target payout ratio of approximately 40%.

Did MUFG change the interim dividend for FY ending March 31, 2026?

The table shows an interim dividend of ¥35.00 per share for FY ending March 31, 2026.

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 November 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: November 14, 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

Mitsubishi UFJ Financial Group, Inc. (MUFG)

MUFG Revises Earnings Target and Dividend Forecast

Tokyo, November 14, 2025 — MUFG today announced that it has revised its earnings target for profits attributable to owners of parent and its year-end dividend forecast for the fiscal year ending March 31, 2026, both announced on May 15, 2025, to take into account recent business performance trends.

1. Revision of Earnings Target

(1) Earnings target for the fiscal year ending March 31, 2026, under Japanese GAAP

		Profits attributable to  owners of parent
Previous earnings target (A)		¥2,000.0bn
Revised earnings target (B)		¥2,100.0bn
Change (B-A)		¥+100.0bn
Change (%)		+5.0%
[Reference] The result for the fiscal year ended March 31, 2025		¥1,862.9bn

(2) Reason for the Revision

MUFG forecast an increase in net operating profits of approx. ¥50.0 billion over the initial forecast due to steady progress in customer segments’ business performance.

MUFG also forecast an increase in profits other than net operating profits of approx. ¥ 150.0 billion mainly due to an increase in equity earnings of equity method investees related to Morgan Stanley.

Consequently, we have upwardly revised the earnings target for profits attributable to owners of parent by ¥100 billion, setting it at ¥2,100 billion.

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2. Revision of Dividend Forecast

(1) Dividend forecast for the fiscal year ending March 31, 2026

		Dividend per share
Term		Interim dividend				Year-end dividend				Annual dividend
Previous forecast						¥	35.00			¥	70.00
Revised forecast						¥	39.00			¥	74.00
Actual result for fiscal year ending March 31, 2026		¥	35.00
Actual result for fiscal year ended March 31, 2025		¥	25.00			¥	39.00			¥	64.00

(2) Reason for the Revision

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

Based on these policies and the revision of the earnings target, MUFG has revised its year-end dividend forecast for the fiscal year ending March 31, 2026 from ¥35.00 to ¥39.00 per share. As a result, the annual dividend for the fiscal year ending March 31, 2026 is forecast to be ¥74.00 per share.

- End -

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About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 140,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.

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

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