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

Rhea-AI Filing Summary

Mitsubishi UFJ Financial Group (MUFG) filed a Form 6‑K reporting first‑half results under Japanese GAAP. Ordinary income was 6,893,775 million yen (up 0.5%), ordinary profits were 1,746,675 million yen (down 0.6%), and profits attributable to owners of parent reached 1,292,955 million yen (up 2.8%). Basic earnings per share were 113.07 yen.

Total assets were 404,318,108 million yen and the equity‑to‑asset ratio was 5.2% as of September 30, 2025. Capital ratios remained strong: total capital ratio 18.99%, Tier 1 ratio 16.87%, and CET1 ratio 14.08%. The non‑performing loan ratio improved to 1.01%.

MUFG targets 2,100.0 billion yen in profits attributable to owners of parent for the fiscal year ending March 31, 2026. The board set a second‑quarter dividend of 35.00 yen per share and projects a total annual dividend of 74.00 yen, including a 39.00 yen year‑end payment. Diluted EPS was 112.77 yen. Shareholders’ equity was 20,877,762 million yen as of September 30, 2025.

Insights

Banking equity analyst

Stable H1 with modest profit growth, solid capital, higher dividend.

MUFG delivered profits attributable to owners of parent of 1,292,955 million yen (up 2.8%) on ordinary income of 6,893,775 million yen (up 0.5%). Basic EPS was 113.07 yen, with diluted at 112.77 yen. Ordinary profits softened slightly to 1,746,675 million yen.

Balance sheet quality indicators were steady: the non‑performing loan ratio improved to 1.01%, while regulatory capital was robust with a total capital ratio of 18.99% and CET1 of 14.08%. Total assets were 404,318,108 million yen.

Shareholder returns rose: a 2Q dividend of 35.00 yen and a total annual dividend forecast of 74.00 yen. MUFG set a full‑year profit target of 2,100.0 billion yen. Subsequent filings may provide more detail on progress toward this target.

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

Consolidated Summary Report

<under Japanese GAAP>

for the six months ended September 30, 2025

November 14, 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

Semi-annual securities report issuing date:		November 28, 2025		Dividend payment date:		December 5, 2025
Trading accounts:		Established

Supplemental information for financial statements:				Available
Investor meeting presentation:				Scheduled (for investors and analysts)

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

1. Consolidated Financial Data for the Six Months ended September 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 six months ended
September 30, 2025			6,893,775				0.5				1,746,675				(0.6	)			1,292,955				2.8
September 30, 2024			6,860,277				21.1				1,756,926				37.3				1,258,195				35.7

(*) Comprehensive income

           September 30, 2025: 1,123,012 million yen, (15.0) % ;    September 30, 2024: 1,321,798 million yen, (14.8) %

		Basic earnings per share				Diluted earnings per share
		yen				yen
For the six months ended
September 30, 2025			113.07				112.77
September 30, 2024			107.69				107.57

(2) Financial Conditions

		Total Assets				Total Net Assets				Equity-to-asset ratio (*)
		million yen				million yen				%
As of
September 30, 2025			404,318,108				22,238,209				5.2
March 31, 2025			413,113,501				21,728,132				5.0

(Reference) Shareholders’ equity as of September 30, 2025: 20,877,762 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 : Yes

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

MUFG has an earning target of 2,100.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2026. (There is a 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) 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

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

(A) Total stocks outstanding including treasury stocks:		September 30, 2025			12,067,710,920 shares
		March 31, 2025			12,067,710,920 shares
(B) Treasury stocks:		September 30, 2025			685,710,440 shares
		March 31, 2025			561,193,945 shares
(C) Average outstanding of total stocks:		Six months ended September 30, 2025			11,435,439,515 shares
		Six months ended September 30, 2024			11,683,338,019 shares

* This “Consolidated Summary Report” (Quarterly “Tanshin”) is outside the scope of the external auditor’s interim audit procedure.

* 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. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix

1. Consolidated Financial Statements and Notes			2
(1) Consolidated Balance Sheets			2
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			4
(3) Consolidated Statements of Changes in Net Assets			6
(4) Changes in Accounting Estimates			8
(5) Notes on Going-Concern Assumption			8
(6) Additional Information			8

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Six Months Ended September 30, 2025”

(*) The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet.

Internet Conference: November 14, 2025 (Friday)

Explanation for investors and analysts: November 18, 2025 (Tuesday)

1

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

(in millions of yen)		As of March 31, 2025				As of September 30, 2025
Assets:
Cash and due from banks			109,095,437				94,089,415
Call loans and bills bought			1,180,949				1,267,390
Receivables under resale agreements			18,856,895				17,177,912
Receivables under securities borrowing transactions			5,701,495				5,781,640
Monetary claims bought			6,620,404				6,938,635
Trading assets			26,142,919				28,153,014
Money held in trust			1,084,487				1,251,660
Securities			86,125,371				85,997,896
Loans and bills discounted			121,436,133				123,258,332
Foreign exchanges			1,913,526				1,967,544
Other assets			17,824,068				20,816,918
Tangible fixed assets			1,240,104				1,343,766
Intangible fixed assets			1,875,551				1,928,358
Net defined benefit assets			2,217,529				2,264,646
Deferred tax assets			148,752				152,710
Customers’ liabilities for acceptances and guarantees			12,864,745				13,068,099
Allowance for credit losses			(1,214,870	)			(1,139,834	)
Total assets			413,113,501				404,318,108
Liabilities:
Deposits			228,512,749				227,256,731
Negotiable certificates of deposit			17,374,010				18,030,425
Call money and bills sold			5,072,926				6,073,385
Payables under repurchase agreements			43,359,076				39,939,775
Payables under securities lending transactions			699,852				1,191,168
Commercial papers			3,475,042				3,309,746
Trading liabilities			19,362,603				22,161,918
Borrowed money			22,101,954				11,646,050
Foreign exchanges			2,508,462				2,229,347
Short-term bonds payable			1,373,236				1,190,249
Bonds payable			14,018,955				15,375,974
Due to trust accounts			4,937,999				3,885,232
Other liabilities			14,563,347				15,587,321
Reserve for bonuses			251,665				174,097
Reserve for bonuses to directors			2,879				1,816
Reserve for stocks payment			11,077				11,178
Net defined benefit liabilities			104,612				107,395
Reserve for retirement benefits to directors			813				834
Reserve for loyalty award credits			7,730				9,402
Reserve for contingent losses			150,657				135,980
Reserves under special laws			5,295				5,623
Deferred tax liabilities			540,770				603,661
Deferred tax liabilities for land revaluation			84,903				84,483
Acceptances and guarantees			12,864,745				13,068,099
Total liabilities			391,385,368				382,079,899

2

Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)		As of March 31, 2025				As of September 30, 2025
Net assets:
Capital stock			2,141,513				2,141,513
Capital surplus			—				13,965
Retained earnings			14,845,617				15,689,563
Treasury stock			(726,631	)			(975,057	)
Total shareholders’ equity			16,260,498				16,869,984
Net unrealized gains (losses) on available-for-sale securities			1,327,127				1,646,350
Net deferred gains (losses) on hedging instruments			(894,227	)			(1,094,958	)
Land revaluation excess			122,400				121,689
Foreign currency translation adjustments			3,198,279				2,894,526
Remeasurements of defined benefit plans			554,502				522,895
Debt value adjustments of foreign subsidiaries and affiliates			(51,663	)			(86,490	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates			3,457				3,765
Total accumulated other comprehensive income			4,259,875				4,007,777
Subscription rights to shares			11				17
Non-controlling interests			1,207,746				1,360,429
Total net assets			21,728,132				22,238,209
Total liabilities and net assets			413,113,501				404,318,108

3

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 six months ended September 30, 2024				For the six months ended September 30, 2025
Ordinary income			6,860,277				6,893,775
Interest income			4,357,421				4,183,706
Interest on loans and bills discounted			2,158,474				1,995,915
Interest and dividends on securities			819,014				879,962
Trust fees			70,771				77,536
Fees and commissions			1,117,642				1,212,712
Trading income			227,068				155,895
Other operating income			287,483				490,073
Other ordinary income			799,889				773,850
Ordinary expenses			5,103,351				5,147,099
Interest expenses			2,848,886				2,743,761
Interest on deposits			1,091,459				1,006,646
Fees and commissions			209,638				212,265
Trading expenses			—				85,102
Other operating expenses			90,050				143,086
General and administrative expenses			1,576,576				1,609,869
Other ordinary expenses			378,200				353,013
Ordinary profits			1,756,926				1,746,675
Extraordinary gains			9,549				44,449
Gains on disposition of fixed assets			9,549				6,132
Gains on step acquisitions			—				20,755
Gains on liquidation of subsidiaries			—				17,555
Gains on change in equity			—				5
Extraordinary losses			24,625				20,607
Losses on disposition of fixed assets			4,447				8,080
Losses on impairment of fixed assets			16,868				12,198
Provision for reserve for contingent liabilities from financial instruments transactions			286				328
Provision for reserve for contingent liabilities arising from commodities transactions			—				0
Losses on sales of shares of subsidiaries			3,023				—
Profits before income taxes			1,741,849				1,770,518
Income taxes-current			259,670				364,274
Income taxes-deferred			169,539				42,588
Total taxes			429,210				406,863
Profits			1,312,639				1,363,654
Profits attributable to non-controlling interests			54,444				70,699
Profits attributable to owners of parent			1,258,195				1,292,955

4

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income

(in millions of yen)		For the six months ended September 30, 2024				For the six months ended September 30, 2025
Profits			1,312,639				1,363,654
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities			(210,521	)			313,915
Net deferred gains (losses) on hedging instruments			(151,311	)			(200,410	)
Land revaluation excess			—				12
Foreign currency translation adjustments			529,149				(253,325	)
Remeasurements of defined benefit plans			(23,603	)			(32,576	)
Net unrealized gains (losses) on loans of foreign subsidiaries			2,103				1,976
Share of other comprehensive income of associates accounted for using equity method			(136,657	)			(70,232	)
Total other comprehensive income			9,158				(240,641	)
Comprehensive income			1,321,798				1,123,012
(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent			1,234,573				1,042,963
Comprehensive income attributable to non-controlling interests			87,224				80,049

5

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets

For the six months ended September 30, 2024

(in millions of yen)

		Shareholders’ equity																				Accumulated other comprehensive income
		Capital stock				Capital surplus				Retained earnings				Treasury stock				Total shareholders’ equity				Net unrealized gains (losses) on available-for-sale securities				Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period			2,141,513				83,623				13,791,608				(613,823	)			15,402,921				1,534,094				(687,476	)
Cumulative effects of changes in accounting policies											6,119								6,119								(1,896	)
Restated balance			2,141,513				83,623				13,797,728				(613,823	)			15,409,041				1,534,094				(689,373	)
Changes during the period
Cash dividends											(240,937	)							(240,937	)
Profits attributable to owners of parent											1,258,195								1,258,195
Repurchase of treasury stock															(118,406	)			(118,406	)
Disposal of treasury stock							0								9,312				9,312
Reversal of land revaluation excess											5,934								5,934
Changes in subsidiaries’ equity							(6,818	)											(6,818	)
Net changes of items other than shareholders’ equity																							(178,873	)			(155,456	)
Total changes during the period			—				(6,818	)			1,023,192				(109,093	)			907,280				(178,873	)			(155,456	)
Balance at the end of the period			2,141,513				76,805				14,820,920				(722,917	)			16,316,321				1,355,221				(844,830	)

		Accumulated other comprehensive income
		Land revaluation excess				Foreign currency translation adjustments				Remeasurements of defined benefit plans				Debt value adjustments of foreign subsidiaries and affiliates				Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates				Total accumulated other comprehensive income				Subscription rights to shares				Non- controlling interests				Total net assets
Balance at the beginning of the period			133,967				2,762,818				507,085				(65,435	)			—				4,185,052				0				1,159,003				20,746,978
Cumulative effects of changes in accounting policies																							(1,896	)											4,223
Restated balance			133,967				2,762,818				507,085				(65,435	)			—				4,183,156				0				1,159,003				20,751,202
Changes during the period
Cash dividends																																			(240,937	)
Profits attributable to owners of parent																																			1,258,195
Repurchase of treasury stock																																			(118,406	)
Disposal of treasury stock																																			9,312
Reversal of land revaluation excess																																			5,934
Changes in subsidiaries’ equity																																			(6,818	)
Net changes of items other than shareholders’ equity			(5,934	)			324,923				(23,485	)			7,653				1,616				(29,556	)			5				49,654				20,103
Total changes during the period			(5,934	)			324,923				(23,485	)			7,653				1,616				(29,556	)			5				49,654				927,384
Balance at the end of the period			128,032				3,087,741				483,599				(57,781	)			1,616				4,153,600				6				1,208,657				21,678,586

6

Mitsubishi UFJ Financial Group, Inc.

For the six months ended September 30, 2025

(in millions of yen)

		Shareholders’ equity																				Accumulated other comprehensive income
		Capital stock				Capital surplus				Retained earnings				Treasury stock				Total shareholders’ equity				Net unrealized gains (losses) on available-for-sale securities				Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period			2,141,513				—				14,845,617				(726,631	)			16,260,498				1,327,127				(894,227	)
Changes during the period
Cash dividends											(449,732	)							(449,732	)
Profits attributable to owners of parent											1,292,955								1,292,955
Repurchase of treasury stock															(250,407	)			(250,407	)
Disposal of treasury stock							0								1,981				1,981
Reversal of land revaluation excess											723								723
Changes in subsidiaries’ equity							13,965												13,965
Net changes of items other than shareholders’ equity																							319,223				(200,730	)
Total changes during the period			—				13,965				843,945				(248,425	)			609,485				319,223				(200,730	)
Balance at the end of the period			2,141,513				13,965				15,689,563				(975,057	)			16,869,984				1,646,350				(1,094,958	)

		Accumulated other comprehensive income
		Land revaluation excess				Foreign currency translation adjustments				Remeasurements of defined benefit plans				Debt value adjustments of foreign subsidiaries and affiliates				Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates				Total accumulated other comprehensive income				Subscription rights to shares				Non- controlling interests				Total net assets
Balance at the beginning of the period			122,400				3,198,279				554,502				(51,663	)			3,457				4,259,875				11				1,207,746				21,728,132
Changes during the period
Cash dividends																																			(449,732	)
Profits attributable to owners of parent																																			1,292,955
Repurchase of treasury stock																																			(250,407	)
Disposal of treasury stock																																			1,981
Reversal of land revaluation excess																																			723
Changes in subsidiaries’ equity																																			13,965
Net changes of items other than shareholders’ equity			(711	)			(303,752	)			(31,606	)			(34,827	)			307				(252,097	)			5				152,682				(99,409	)
Total changes during the period			(711	)			(303,752	)			(31,606	)			(34,827	)			307				(252,097	)			5				152,682				510,076
Balance at the end of the period			121,689				2,894,526				522,895				(86,490	)			3,765				4,007,777				17				1,360,429				22,238,209

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Mitsubishi UFJ Financial Group, Inc.

(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 six months ended September 30, 2025.

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

(5) Notes on Going-Concern Assumption

None.

(6) 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.

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 September 30, 2025 is ¥30,297 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.

8

Mitsubishi UFJ Financial Group, Inc.

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 six months ended September 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 nine months ended December 31, 2025 and subsequent reporting periods due to these and other factors and circumstances affecting the financial performance of counterparties or the economic environment.

9

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 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 Consolidated][BK Non-consolidated]
		[TB Consolidated][TB Non-consolidated]
2. Average Interest Rate Spread		[BK Non-consolidated][TB Non-consolidated]			7
		[BK and TB Combined]
3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting		[MUFG Consolidated][BK Consolidated][TB Consolidated]			8
4. Securities		[MUFG Consolidated]			9
		[BK Non-consolidated][TB Non-consolidated]
5. ROE		[MUFG Consolidated]			12
6. Risk-Adjusted Capital Ratio		[MUFG Consolidated][BK Consolidated][TB Consolidated]			13
		[BK Non-consolidated][TB Non-consolidated]
7. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the “FRA”)		[MUFG Consolidated][BK and TB Combined including Trust Account]			14
		[BK Non-consolidated][TB Non-consolidated]
		[TB Non-consolidated : Trust Account]
8. Progress in Disposition of Problem Assets		[BK Non-consolidated]			20
		[TB Non-consolidated including Trust Account]
9. Loans Classified by Type of Industry		[BK and TB Combined including Trust Accounts]			22
		[BK Non-consolidated][TB Non-consolidated]
		[TB Non-consolidated : Trust Accounts]
10. Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors		[BK and TB Combined including Trust Accounts]			26
		[BK Non-consolidated][TB Non-consolidated]
		[TB Non-consolidated including Trust Account]
11. Overseas Loans		[BK Consolidated excl. KS, BDI]*5*6			27
12. Loans and Deposits		[BK and TB Combined]			28
		[BK Non-consolidated][TB Non-consolidated]
13. Domestic Deposits		[BK and TB Combined]			29
		[BK Non-consolidated][TB Non-consolidated]
14. Status of Deferred Tax Assets		[BK Non-consolidated][TB Non-consolidated]			30
(Reference) 1. Financial Statements		[BK Non-consolidated][TB Non-consolidated]			32

(*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.

(*5) “KS” means Bank of Ayudhya Public Company Limited.

(*6) “BDI” means PT Bank Danamon Indonesia, Tbk.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated

		(in millions of yen)
		For the six months ended								Increase   (Decrease) (A) - (B)
		September 30, 2025  (A)				September 30, 2024  (B)
Gross profits			2,935,790				2,911,854				23,935
Gross profits before credit costs for trust accounts			2,935,787				2,911,851				23,936
Net interest income			1,440,026				1,508,577				(68,551	)
Trust fees			77,536				70,771				6,765
Credit costs for trust accounts (1)			2				2				(0	)
Net fees and commissions			1,000,446				908,004				92,442
Net trading profits			70,793				227,068				(156,275	)
Net other operating profits			346,987				197,432				149,555
Net gains (losses) on debt securities			2,991				2,386				605
General and administrative expenses			1,648,742				1,606,497				42,245
Amortization of goodwill			19,102				18,388				714
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill			1,306,147				1,323,742				(17,594	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			1,287,044				1,305,354				(18,309	)
Provision for general allowance for credit losses (2)			28,981				73,833				(44,852	)
Net operating profits*			1,316,028				1,379,190				(63,162	)
Net non-recurring gains (losses)			430,647				377,735				52,912
Credit costs (3)			(155,322	)			(318,318	)			162,995
Losses on loan write-offs			(97,474	)			(137,920	)			40,446
Provision for specific allowance for credit losses			(54,843	)			(186,816	)			131,973
Other credit costs			(3,005	)			6,418				(9,424	)
Reversal of allowance for credit losses (4)			—				—				—
Reversal of reserve for contingent losses included in credit costs (5)			3,862				688				3,174
Gains on loans written-off (6)			46,084				58,022				(11,937	)
Net gains (losses) on equity securities			130,240				363,984				(233,744	)
Gains on sales of equity securities			151,067				400,208				(249,140	)
Losses on sales of equity securities			(16,707	)			(20,477	)			3,770
Losses on write-down of equity securities			(4,120	)			(15,745	)			11,625
Equity in earnings of equity method investees			381,931				257,138				124,793
Other non-recurring gains (losses)			23,851				16,219				7,631
Ordinary profits			1,746,675				1,756,926				(10,250	)
Net extraordinary gains (losses)			23,842				(15,076	)			38,918
Net gains (losses) on disposition of fixed assets			(1,947	)			5,102				(7,050	)
Losses on impairment of fixed assets			(12,198	)			(16,868	)			4,670
Gains on step acquisitions			20,755				—				20,755
Gains on liquidation of subsidiaries			17,555				—				17,555
Losses on sales of shares of subsidiaries			—				(3,023	)			3,023
Profits before income taxes			1,770,518				1,741,849				28,668
Income taxes-current			364,274				259,670				104,604
Income taxes-deferred			42,588				169,539				(126,951	)
Total taxes			406,863				429,210				(22,346	)
Profits			1,363,654				1,312,639				51,015
Profits attributable to non-controlling interests			70,699				54,444				16,254
Profits attributable to owners of parent			1,292,955				1,258,195				34,760
Note:
* 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)			(76,391	)			(185,771	)			109,379
Number of consolidated subsidiaries			344				340				4
Number of affiliated companies accounted for under the equity method			51				56				(5	)

1

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined

		(in millions of yen)
		For the six months ended								Increase   (Decrease) (A) - (B)
		September 30, 2025  (A)				September 30, 2024  (B)
Gross profits			1,669,986				1,563,040				106,945
Gross profits before credit costs for trust accounts			1,669,983				1,563,037				106,946
Domestic gross profits			733,054				752,364				(19,310	)
Net interest income			525,264				483,409				41,855
Trust fees			67,745				61,807				5,938
Credit costs for trust accounts (1)			2				2				(0	)
Net fees and commissions			212,148				186,900				25,248
Net trading profits			(7,974	)			3,297				(11,272	)
Net other operating profits			(64,130	)			16,949				(81,080	)
Net gains (losses) on debt securities			(88,609	)			(1,684	)			(86,924	)
Non-domestic gross profits			936,931				810,675				126,256
Net interest income			398,925				421,752				(22,827	)
Net fees and commissions			227,757				185,630				42,127
Net trading profits			14,658				29,334				(14,675	)
Net other operating profits			295,590				173,958				121,631
Net gains (losses) on debt securities			92,604				6,539				86,065
General and administrative expenses			831,501				757,174				74,327
Personnel expenses			348,289				323,196				25,092
Non-personnel expenses			436,304				393,404				42,900
Taxes			46,907				40,572				6,334
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			838,481				805,863				32,618
Provision for general allowance for credit losses (2)			(5,121	)			(39	)			(5,081	)
Net operating profits			833,362				805,826				27,536
Net non-recurring gains (losses)			245,529				385,879				(140,350	)
Credit costs (3)			(5,607	)			(6,536	)			928
Reversal of allowance for credit losses (4)			78,749				18,486				60,263
Reversal of reserve for contingent losses included in credit costs (5)			4,505				1,104				3,401
Gains on loans written-off (6)			4,714				7,083				(2,368	)
Net gains (losses) on equity securities			128,781				351,128				(222,346	)
Gains on sales of equity securities			147,145				386,979				(239,833	)
Losses on sales of equity securities			(14,091	)			(18,703	)			4,611
Losses on write-down of equity securities			(4,272	)			(17,147	)			12,874
Other non-recurring gains (losses)			34,385				14,613				19,771
Ordinary profits			1,078,891				1,191,705				(112,813	)
Net extraordinary gains (losses)			23,035				(11,065	)			34,100
Net gains (losses) on disposition of fixed assets			(4,398	)			5,194				(9,592	)
Losses on impairment of fixed assets			(5,285	)			(14,599	)			9,313
Gains on liquidation of subsidiaries			20,716				—				20,716
Gains on sales of shares of subsidiaries			11,889				—				11,889
Gains on sales of shares of affiliates			113				—				113
Gains on extinguishment of tie-in shares			—				219				(219	)
Losses on sales of shares of subsidiaries			—				(1,879	)			1,879
Income before income taxes			1,101,926				1,180,640				(78,713	)
Income taxes-current			289,229				191,606				97,622
Income taxes-deferred			12,414				108,829				(96,415	)
Total taxes			301,643				300,436				1,207
Net income			800,283				880,204				(79,921	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)			77,243				20,100				57,142
Credit costs for trust accounts			2				2				(0	)
Provision for general allowance for credit losses			30,306				63,469				(33,162	)
Provision for special allowance for credit losses			41,701				(52,249	)			93,951
Allowance for credit to specific foreign borrowers			1,565				7,135				(5,569	)
Losses on loans write-offs			(4,315	)			(5,450	)			1,135
Provision for contingent losses included in credit costs			4,505				1,104				3,401
Gains on loans written-off			4,714				7,083				(2,368	)
Losses on sales of other loans, etc.			(1,238	)			(994	)			(244	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities			834,486				801,008				33,477
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			826,136				698,110				128,025

2

Mitsubishi UFJ Financial Group, Inc.

BK Consolidated

		(in millions of yen)
		For the six months ended								Increase   (Decrease) (A) - (B)
		September 30, 2025  (A)				September 30, 2024  (B)
Gross profits			2,117,074				2,161,755				(44,681	)
Net interest income			1,263,366				1,345,408				(82,041	)
Net fees and commissions			538,999				494,510				44,489
Net trading profits			105,598				50,875				54,723
Net other operating profits			209,109				270,961				(61,851	)
Net gains (losses) on debt securities			446				(5,454	)			5,900
General and administrative expenses			1,086,432				1,083,435				2,997
Amortization of goodwill			8,456				8,375				81
Net operating profits before provision for general allowance for credit losses and amortization of goodwill			1,039,098				1,086,696				(47,597	)
Net operating profits before provision for general allowance for credit losses			1,030,641				1,078,320				(47,678	)
Provision for general allowance for credit losses (1)			29,029				77,142				(48,113	)
Net operating profits*			1,059,671				1,155,463				(95,792	)
Net non-recurring gains (losses)			145,367				84,334				61,033
Credit costs (2)			(84,356	)			(253,532	)			169,175
Losses on loan write-offs			(45,125	)			(86,201	)			41,075
Provision for specific allowance for credit losses			(36,225	)			(173,748	)			137,522
Other credit costs			(3,005	)			6,416				(9,422	)
Reversal of allowance for credit losses (3)			—				—				—
Reversal of reserve for contingent losses included in credit costs (4)			3,840				354				3,486
Gains on loans written-off (5)			31,984				44,119				(12,135	)
Net gains (losses) on equity securities			100,744				249,263				(148,519	)
Gains on sales of equity securities			121,375				283,500				(162,125	)
Losses on sales of equity securities			(16,649	)			(18,199	)			1,549
Losses on write-down of equity securities			(3,981	)			(16,037	)			12,056
Equity in earnings of equity method investees			62,694				26,261				36,432
Other non-recurring gains (losses)			30,459				17,866				12,592
Ordinary profits			1,205,038				1,239,798				(34,759	)
Net extraordinary gains (losses)			26,035				3,048				22,987
Net gains (losses) on disposition of fixed assets			(3,798	)			5,010				(8,809	)
Losses on impairment of fixed assets			(8,149	)			(1,962	)			(6,186	)
Gains on step acquisitions			20,755				—				20,755
Gains on liquidation of subsidiaries			17,555				—				17,555
Profits before income taxes			1,231,074				1,242,846				(11,772	)
Income taxes-current			311,270				199,625				111,645
Income taxes-deferred			26,821				128,637				(101,815	)
Total taxes			338,091				328,262				9,829
Profits			892,982				914,583				(21,601	)
Profits attributable to non-controlling interests			24,204				26,275				(2,071	)
Profits attributable to owners of parent			868,778				888,308				(19,530	)
Note:
* Net operating profits = Net operating profits of BK + 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)			(19,501	)			(131,915	)			112,413
Number of consolidated subsidiaries			125				113				12
Number of affiliated companies accounted for under the equity method			41				48				(7	)

3

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

		(in millions of yen)
		For the six months ended								Increase   (Decrease) (A) - (B)
		September 30, 2025  (A)				September 30, 2024  (B)
Gross profits			1,470,062				1,340,843				129,219
Domestic gross profits			563,015				562,881				134
Net interest income			492,587				409,186				83,400
Net fees and commissions			157,206				133,373				23,832
Net trading profits			8,165				3,006				5,158
Net other operating profits			(94,944	)			17,314				(112,258	)
Net gains (losses) on debt securities			(88,271	)			(2,120	)			(86,150	)
Non-domestic gross profits			907,047				777,961				129,085
Net interest income			350,117				398,121				(48,003	)
Net fees and commissions			227,045				185,819				41,225
Net trading profits			33,038				29,189				3,849
Net other operating profits			296,845				164,831				132,014
Net gains (losses) on debt securities			89,980				(1,376	)			91,356
General and administrative expenses			725,013				654,949				70,064
Personnel expenses			314,619				290,379				24,239
Non-personnel expenses			368,065				328,609				39,456
Amortization of goodwill			1,707				1,749				(42	)
Taxes			42,328				35,960				6,368
Net operating profits before provision for general allowance for credit losses and amortization of goodwill			746,756				687,643				59,113
Net operating profits before provision for general allowance for credit losses			745,049				685,893				59,155
Provision for general allowance for credit losses (1)			—				—				—
Net operating profits			745,049				685,893				59,155
Net non-recurring gains (losses)			208,640				273,900				(65,260	)
Credit costs (2)			(5,554	)			(6,446	)			891
Reversal of allowance for credit losses (3)			78,749				18,486				60,263
Reversal of reserve for contingent losses included in credit costs (4)			4,484				770				3,714
Gains on loans written-off (5)			4,712				7,080				(2,368	)
Net gains (losses) on equity securities			100,139				248,770				(148,631	)
Gains on sales of equity securities			116,559				280,187				(163,628	)
Losses on sales of equity securities			(14,026	)			(16,420	)			2,394
Losses on write-down of equity securities			(2,393	)			(14,997	)			12,603
Other non-recurring gains (losses)			26,109				5,240				20,869
Ordinary profits			953,689				959,794				(6,105	)
Net extraordinary gains (losses)			27,308				4,202				23,105
Net gains (losses) on disposition of fixed assets			(3,885	)			5,059				(8,944	)
Losses on impairment of fixed assets			(1,524	)			(1,075	)			(449	)
Gains on liquidation of subsidiaries			20,716				—				20,716
Gains on sales of shares of subsidiaries			11,889				—				11,889
Gains on sales of shares of affiliates			113				—				113
Gains on extinguishment of tie-in shares			—				219				(219	)
Income before income taxes			980,998				963,997				17,000
Income taxes-current			263,570				155,314				108,256
Income taxes-deferred			6,209				93,929				(87,720	)
Total taxes			269,779				249,243				20,536
Net income			711,218				714,753				(3,535	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)			82,392				19,890				62,501
Provision for general allowance for credit losses			35,428				63,509				(28,081	)
Provision for special allowance for credit losses			41,755				(52,158	)			93,913
Allowance for credit to specific foreign borrowers			1,565				7,135				(5,569	)
Losses on loans write-off			(4,315	)			(5,450	)			1,135
Provision for contingent losses included in credit costs			4,484				770				3,714
Gains on loans written-off			4,712				7,080				(2,368	)
Losses on sales of other loans, etc.			(1,238	)			(995	)			(243	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities			743,340				689,391				53,949
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation			743,044				604,765				138,278

4

Mitsubishi UFJ Financial Group, Inc.

TB Consolidated

		(in millions of yen)
		For the six months ended								Increase   (Decrease) (A) - (B)
		September 30, 2025  (A)				September 30, 2024  (B)
Gross profits			378,316				320,526				57,789
Gross profits before credit costs for trust accounts			378,313				320,524				57,789
Trust fees			77,701				70,942				6,759
Trust fees before credit costs for trust accounts			77,699				70,939				6,760
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)			7,954				4,857				3,097
Other trust fees			69,744				66,081				3,662
Credit costs for trust accounts (1)			2				2				(0	)
Net interest income			91,038				60,491				30,546
Net fees and commissions			197,325				172,158				25,167
Net trading profits			(33,885	)			1,859				(35,744	)
Net other operating profits			46,136				15,075				31,061
Net gains (losses) on debt securities			2,286				8,351				(6,064	)
General and administrative expenses			263,923				233,396				30,527
Amortization of goodwill			10,959				9,925				1,034
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill			125,349				97,053				28,296
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			114,390				87,127				27,262
Provision for general allowance for credit losses (2)			(331	)			55				(386	)
Net operating profits*			114,061				87,186				26,874
Net non-recurring gains (losses)			32,749				110,369				(77,620	)
Credit costs (3)			(51	)			(70	)			18
Losses on loan write-offs			(2	)			(1	)			(1	)
Provision for specific allowance for credit losses			(49	)			(70	)			21
Other credit costs			—				1				(1	)
Reversal of allowance for credit losses (4)			—				—				—
Reversal of reserve for contingent losses included in credit costs (5)			20				333				(313	)
Gains on loans written-off (6)			6				76				(69	)
Net gains (losses) on equity securities			29,405				102,350				(72,944	)
Gains on sales of equity securities			30,586				106,843				(76,256	)
Losses on sales of equity securities			(65	)			(2,282	)			2,217
Losses on write-down of equity securities			(1,115	)			(2,210	)			1,094
Equity in earnings of equity method investees			481				843				(361	)
Other non-recurring gains (losses)			2,886				6,836				(3,950	)
Ordinary profits			146,810				197,556				(50,745	)
Net extraordinary gains (losses)			(2,063	)			(15,818	)			13,755
Net gains (losses) on disposition of fixed assets			1,918				732				1,186
Losses on impairment of fixed assets			(3,987	)			(13,527	)			9,540
Losses on sales of shares of subsidiaries			—				(3,023	)			3,023
Profits before income taxes			144,746				181,737				(36,990	)
Income taxes-current			31,695				42,963				(11,268	)
Income taxes-deferred			9,506				15,694				(6,187	)
Total taxes			41,202				58,658				(17,455	)
Profits			103,544				123,079				(19,535	)
Profits attributable to non-controlling interests			82				134				(51	)
Profits attributable to owners of parent			103,462				122,945				(19,483	)
Note:
* Net operating profits = Net operating profits of TB + 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)			(353	)			398				(751	)
Number of consolidated subsidiaries			185				195				(10	)
Number of affiliated companies accounted for under the equity method			6				6				—
TB Consolidated (combined operating results of TB and transferred entities to MUAH in the United States) TB transferred the interests in its subsidiaries in the United States to MUAH in United States which are owned by BK and MUFG. The combined operating results of TB and transferred entities are as follows(the operating results of transferred entities are prepared for managerial accounting purpose):
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			117,097				89,356				27,740
Profits attributable to owners of parent			105,550				124,592				(19,042	)
Number of the entities transferred to MUAH			4				4				—

5

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

		(in millions of yen)
		For the six months ended								Increase   (Decrease) (A) - (B)
		September 30, 2025 (A)				September 30, 2024 (B)
Gross profits			199,923				222,197				(22,273	)
Gross profits before credit costs for trust accounts			199,920				222,194				(22,273	)
Domestic gross profits			170,038				189,483				(19,444	)
Trust fees			67,745				61,807				5,938
Trust fees before credit costs for trust accounts			67,743				61,804				5,938
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)			7,954				4,857				3,097
Other trust fees			59,788				56,946				2,841
Credit costs for trust accounts (1)			2				2				(0	)
Net interest income			32,677				74,222				(41,545	)
Net fees and commissions			54,941				53,526				1,415
Net trading profits			(16,140	)			290				(16,430	)
Net other operating profits			30,814				(364	)			31,178
Net gains (losses) on debt securities			(337	)			436				(773	)
Non-domestic gross profits			29,884				32,714				(2,829	)
Net interest income			48,807				23,630				25,176
Net fees and commissions			712				(189	)			901
Net trading profits			(18,379	)			145				(18,525	)
Net other operating profits			(1,254	)			9,127				(10,382	)
Net gains (losses) on debt securities			2,624				7,915				(5,291	)
General and administrative expenses			106,488				102,224				4,263
Personnel expenses			33,670				32,817				853
Non-personnel expenses			68,239				64,795				3,444
Taxes			4,578				4,611				(33	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			93,432				119,969				(26,536	)
Provision for general allowance for credit losses (2)			(5,121	)			(39	)			(5,081	)
Net operating profits			88,313				119,932				(31,619	)
Net non-recurring gains (losses)			36,888				111,978				(75,089	)
Credit costs (3)			(53	)			(89	)			36
Reversal of allowance for credit losses (4)			—				—				—
Reversal of reserve for contingent losses included in credit costs (5)			20				333				(313	)
Gains on loans written-off (6)			2				2				(0	)
Net gains (losses) on equity securities			28,642				102,357				(73,715	)
Gains on sales of equity securities			30,586				106,791				(76,204	)
Losses on sales of equity securities			(65	)			(2,282	)			2,217
Losses on write-down of equity securities			(1,878	)			(2,150	)			271
Other non-recurring gains (losses)			8,276				9,373				(1,097	)
Ordinary profits			125,202				231,911				(106,708	)
Net extraordinary gains (losses)			(4,273	)			(15,267	)			10,994
Net gains (losses) on disposition of fixed assets			(512	)			135				(648	)
Losses on impairment of fixed assets			(3,760	)			(13,523	)			9,762
Losses on sales of shares of subsidiaries			—				(1,879	)			1,879
Income before income taxes			120,928				216,643				(95,714	)
Income taxes-current			25,658				36,292				(10,634	)
Income taxes-deferred			6,205				14,899				(8,694	)
Total taxes			31,863				51,192				(19,328	)
Net income			89,065				165,450				(76,385	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)			(5,148	)			209				(5,358	)
Credit costs for trust accounts			2				2				(0	)
Provision for general allowance for credit losses			(5,121	)			(39	)			(5,081	)
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			20				333				(313	)
Gains on loans written-off			2				2				(0	)
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			91,145				111,617				(20,472	)
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			83,092				93,345				(10,253	)

6

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BK Non-consolidated

		(percentage per annum)
(Domestic business segment)		For the six months ended September 30, 2025 (A)				Increase   (Decrease) (A) - (B)				For the six months ended September 30, 2024 (B)
Total average interest rate on interest-earning assets (a)			0.75				0.27				0.47
Average interest rate on loans and bills discounted (b)			1.09				0.27				0.82
Average interest rate on securities			0.74				0.11				0.62
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>			0.55				0.21				0.34
Average interest rate on deposits and NCD (d)			0.17				0.14				0.02
Average interest rate on other liabilities			0.62				0.40				0.21
Overall interest rate spread (a)-(c)			0.20				0.06				0.13
Interest rate spread (b)-(d)			0.92				0.13				0.79
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)			1.16				0.27				0.88
Interest rate spread (e)-(d)			0.99				0.12				0.86

TB Non-consolidated

		(percentage per annum)
(Domestic business segment)		For the six months ended September 30, 2025 (A)				Increase   (Decrease) (A) - (B)				For the six months ended September 30, 2024 (B)
Total average interest rate on interest-earning assets (a)			0.82				(0.23	)			1.05
Average interest rate on loans and bills discounted (b)			0.96				0.27				0.68
Average interest rate on securities			2.01				(3.24	)			5.26
Total average interest rate on interest-bearing liabilities (c)			0.49				0.23				0.26
Average interest rate on deposits and NCD (d)			0.33				0.25				0.07
Overall interest rate spread (a)-(c)			0.32				(0.46	)			0.79
Interest rate spread (b)-(d)			0.62				0.01				0.61
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)			0.96				0.21				0.74
Interest rate spread (e)-(d)			0.62				(0.03	)			0.66

(Reference)

BK and TB Combined

		(percentage per annum)
(Domestic business segment)		For the six months ended September 30, 2025 (A)				Increase   (Decrease) (A) - (B)				For the six months ended September 30, 2024 (B)
Average interest rate on loans and bills discounted (a)			1.09				0.27				0.81
Average interest rate on deposits and NCD (b)			0.18				0.15				0.03
Interest rate spread (a)-(b)			0.91				0.12				0.78
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (c)			1.15				0.27				0.88
Interest rate spread (c)-(b)			0.97				0.12				0.85

7

Mitsubishi UFJ Financial Group, Inc.

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

MUFG Consolidated

		(in billions of yen)
		As of September 30, 2025
		within 1 year				1 year to 5 years				over 5 years				Total
Receive-fix/pay-floater			2,668.9				8,258.8				12,905.9				23,833.7
Receive-floater/pay-fix			353.4				15,647.4				2,870.9				18,871.8
Receive-floater/pay-floater			—				—				—				—
Receive-fix/pay-fix			—				—				—				—
Total			3,022.4				23,906.2				15,776.9				42,705.6
BK Consolidated
		(in billions of yen)
		As of September 30, 2025
		within 1 year				1 year to 5 years				over 5 years				Total
Receive-fix/pay-floater			1,935.2				6,947.1				12,810.7				21,693.1
Receive-floater/pay-fix			97.8				13,613.1				1,820.1				15,531.2
Receive-floater/pay-floater			—				—				—				—
Receive-fix/pay-fix			—				—				—				—
Total			2,033.1				20,560.3				14,630.8				37,224.3
TB Consolidated
		(in billions of yen)
		As of September 30, 2025
		within 1 year				1 year to 5 years				over 5 years				Total
Receive-fix/pay-floater			733.7				1,199.4				95.2				2,028.3
Receive-floater/pay-fix			254.7				1,875.2				1,001.4				3,131.4
Receive-floater/pay-floater			—				—				—				—
Receive-fix/pay-fix			—				—				—				—
Total			988.4				3,074.6				1,096.6				5,159.8

8

Mitsubishi UFJ Financial Group, Inc.

4. 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”.

Fair Value Information on Securities

		(in millions of yen)
		As of September 30, 2025																As of March 31, 2025
		Amount on consolidated balance sheet				Unrealized gains (losses)				Gains				Losses				Amount on consolidated balance sheet				Unrealized gains (losses)				Gains				Losses
Debt securities being held to maturity			23,845,331				(632,323	)			36,281				668,604				23,272,183				(625,190	)			15,276				640,467
Domestic bonds			17,369,088				(557,045	)			—				557,045				17,115,009				(491,977	)			3				491,980
Government bonds			13,147,917				(398,100	)			—				398,100				13,300,923				(369,059	)			—				369,059
Municipal bonds			2,700,543				(101,254	)			—				101,254				2,545,626				(93,140	)			—				93,140
Corporate bonds			1,520,627				(57,690	)			—				57,690				1,268,459				(29,777	)			3				29,781
Other			6,476,243				(75,278	)			36,281				111,559				6,157,174				(133,213	)			15,272				148,486
Foreign bonds			4,535,816				(80,826	)			29,607				110,434				4,690,276				(137,239	)			10,825				148,065
Other			1,940,426				5,548				6,673				1,125				1,466,897				4,026				4,446				420
		(in millions of yen)
		As of September 30, 2025																As of March 31, 2025
		Amount on consolidated balance sheet				Unrealized gains (losses)				Gains				Losses				Amount on consolidated balance sheet				Unrealized gains (losses)				Gains				Losses
Available-for-sale securities			60,709,607				2,699,026				3,402,405				703,379				61,321,796				2,203,663				2,898,215				694,551
Domestic equity securities			3,839,848				2,821,914				2,829,992				8,077				3,540,457				2,458,566				2,468,724				10,158
Domestic bonds			17,956,029				(298,629	)			2,934				301,564				23,123,161				(249,533	)			4,371				253,905
Government bonds			16,218,628				(194,310	)			1,149				195,460				21,181,296				(155,513	)			2,327				157,840
Municipal bonds			206,636				(8,723	)			1				8,724				309,997				(9,776	)			2				9,779
Corporate bonds			1,530,763				(95,595	)			1,783				97,379				1,631,867				(84,243	)			2,041				86,285
Other			38,913,728				175,741				569,479				393,737				34,658,178				(5,368	)			425,118				430,487
Foreign equity securities			773,259				110,112				116,076				5,964				662,949				36,272				54,295				18,022
Foreign bonds			28,402,625				1,912				200,045				198,132				24,182,709				(113,323	)			152,561				265,884
Other			9,737,843				63,716				253,357				189,641				9,812,519				71,682				218,262				146,580

9

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”.

Fair Value Information on Securities

		(in millions of yen)
		As of September 30, 2025																As of March 31, 2025
		Amount on balance sheet				Unrealized gains (losses)				Gains				Losses				Amount on balance sheet				Unrealized gains (losses)				Gains				Losses
Debt securities being held to maturity			21,285,452				(617,154	)			29,433				646,587				21,295,315				(607,764	)			10,777				618,541
Stocks of subsidiaries and affiliates			726,689				518,842				564,772				45,929				684,864				464,454				471,540				7,086
		(in millions of yen)
		As of September 30, 2025																As of March 31, 2025
		Amount on balance sheet				Unrealized gains (losses)				Gains				Losses				Amount on balance sheet				Unrealized gains (losses)				Gains				Losses
Available-for-sale securities			42,485,791				2,402,769				2,723,067				320,298				45,173,480				2,005,377				2,300,444				295,066
Domestic equity securities			3,295,575				2,375,275				2,381,231				5,956				3,012,332				2,044,936				2,053,034				8,097
Domestic bonds			15,618,795				(165,258	)			2,693				167,951				20,849,312				(138,304	)			3,926				142,230
Other			23,571,420				192,752				339,142				146,390				21,311,835				98,744				243,483				144,738
Foreign equity securities			678,009				90,031				92,964				2,932				605,665				17,076				30,177				13,101
Foreign bonds			16,309,203				118,786				136,056				17,269				13,651,795				88,819				110,304				21,485
Other			6,584,207				(16,065	)			110,121				126,187				7,054,373				(7,151	)			103,000				110,152
Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
		(in millions of yen)
		As of September 30, 2025																As of March 31, 2025
		within 1 year				1 year to 5 years				5 years to 10 years				over 10 years				within 1 year				1 year to 5 years				5 years to 10 years				over 10 years
Domestic bonds			12,110,895				9,436,790				9,563,234				1,563,697				18,407,253				9,375,181				7,204,520				2,741,856
Government bonds			11,542,823				7,206,277				7,731,340				338,539				17,915,211				7,060,351				5,390,211				1,715,335
Municipal bonds			232,529				1,166,331				1,508,310				—				215,259				1,165,328				1,475,025				—
Corporate bonds			335,542				1,064,181				323,583				1,225,157				276,781				1,149,501				339,283				1,026,521
Other			4,908,519				3,683,429				3,171,893				12,970,148				3,733,273				6,482,656				2,494,264				10,189,203
Foreign equity securities			1,415				20,165				—				—				1,366				20,285				—				—
Foreign bonds			4,308,412				1,427,028				2,874,611				11,879,485				3,186,009				3,714,661				2,261,660				8,799,263
Other			598,691				2,236,235				297,281				1,090,663				545,896				2,747,709				232,603				1,389,940
Total			17,019,414				13,120,220				12,735,127				14,533,845				22,140,526				15,857,837				9,698,784				12,931,060

10

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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

Fair Value Information on Securities

		(in millions of yen)
		As of September 30, 2025																As of March 31, 2025
		Amount on balance sheet				Unrealized gains (losses)				Gains				Losses				Amount on balance sheet				Unrealized gains (losses)				Gains				Losses
Debt securities being held to maturity			2,559,879				(15,168	)			6,848				22,017				1,976,868				(17,426	)			4,499				21,925
Stocks of subsidiaries and affiliates			18,650				(1,001	)			—				1,001				19,189				(1,368	)			—				1,368
		(in millions of yen)
		As of September 30, 2025																As of March 31, 2025
		Amount on balance sheet				Unrealized gains (losses)				Gains				Losses				Amount on balance sheet				Unrealized gains (losses)				Gains				Losses
Available-for-sale securities			13,258,218				327,517				642,724				315,206				11,541,216				251,081				552,833				301,751
Domestic equity securities			621,195				462,325				463,729				1,404				588,732				413,329				415,255				1,925
Domestic bonds			2,110,532				(133,478	)			228				133,706				2,181,927				(111,341	)			444				111,785
Other			10,526,490				(1,329	)			178,766				180,096				8,770,556				(50,907	)			137,133				188,040
Foreign equity securities			163				110				110				—				130				81				81				—
Foreign bonds			8,327,390				(75,941	)			41,203				117,145				7,018,941				(123,179	)			28,749				151,929
Other			2,198,936				74,501				137,452				62,950				1,751,484				72,191				108,302				36,110
Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
		(in millions of yen)
		As of September 30, 2025																As of March 31, 2025
		within 1 year				1 year to 5 years				5 years to 10 years				over 10 years				within 1 year				1 year to 5 years				5 years to 10 years				over 10 years
Domestic bonds			1,794				499,188				1,590,453				332,360				899				500,062				1,567,603				348,870
Government bonds			—				499,180				1,584,930				236,753				—				499,160				1,563,523				246,504
Municipal bonds			—				8				—				—				—				10				—				—
Corporate bonds			1,794				—				5,523				95,607				899				892				4,080				102,366
Other			1,291,452				1,959,341				3,066,817				4,801,112				386,183				3,080,461				2,327,090				3,400,230
Foreign equity securities			—				—				—				—				—				—				—				—
Foreign bonds			1,246,992				1,624,676				2,979,584				4,722,751				297,586				2,854,717				2,268,804				3,339,190
Other			44,460				334,664				87,233				78,361				88,596				225,744				58,286				61,039
Total			1,293,247				2,458,529				4,657,271				5,133,473				387,082				3,580,524				3,894,694				3,749,101

11

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

		(%)
		For the six months ended September 30, 2025 (A)				Increase (Decrease) (A) - (B)				For the six months ended September 30, 2024 (B)
ROE (JPX basis) *1			12.49				(0.07	)			12.56

Note:

*1 Japan Exchange Group

12

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio

MUFG Consolidated

		(in billions of yen)
		As of September 30, 2025 Preliminary (A)				Increase (Decrease) (A) - (B)				As of March 31, 2025 (B)
(1) Total capital ratio (4)/(7)			18.99	%			0.16	%			18.83	%
(2) Tier 1 capital ratio (5)/(7)			16.87	%			0.22	%			16.65	%
(3) Common Equity Tier 1 capital ratio (6)/(7)			14.08	%			(0.10	)%			14.18	%
(4) Total capital			21,052.8				907.8				20,145.0
(5) Tier 1 capital			18,702.0				897.2				17,804.8
(6) Common Equity Tier 1 capital			15,605.2				436.0				15,169.2
(7) Risk weighted assets			110,808.0				3,877.5				106,930.4
(8) Required Capital (7)×8%			8,864.6				310.2				8,554.4
BK Consolidated
		(in billions of yen)
		As of September 30, 2025 Preliminary (A)				Increase (Decrease) (A) - (B)				As of March 31, 2025 (B)
(1) Total capital ratio (4)/(7)			19.60	%			(0.02	)%			19.63	%
(2) Tier 1 capital ratio (5)/(7)			17.81	%			0.13	%			17.68	%
(3) Common Equity Tier 1 capital ratio (6)/(7)			14.81	%			(0.28	)%			15.10	%
(4) Total capital			17,239.0				761.4				16,477.6
(5) Tier 1 capital			15,666.4				823.1				14,843.2
(6) Common Equity Tier 1 capital			13,023.9				348.8				12,675.1
(7) Risk weighted assets			87,923.5				3,994.1				83,929.4
(8) Required Capital (7)×8%			7,033.8				319.5				6,714.3
TB Consolidated
		(in billions of yen)
		As of September 30, 2025 Preliminary (A)				Increase (Decrease) (A) - (B)				As of March 31, 2025 (B)
(1) Total capital ratio (4)/(7)			20.14	%			0.17	%			19.96	%
(2) Tier 1 capital ratio (5)/(7)			15.97	%			(0.44	)%			16.41	%
(3) Common Equity Tier 1 capital ratio (6)/(7)			13.02	%			(0.53	)%			13.56	%
(4) Total capital			2,047.8				106.2				1,941.6
(5) Tier 1 capital			1,624.0				27.6				1,596.3
(6) Common Equity Tier 1 capital			1,324.1				5.3				1,318.7
(7) Risk weighted assets			10,168.0				443.5				9,724.4
(8) Required Capital (7)×8%			813.4				35.4				777.9
BK Non-consolidated
		(in billions of yen)
		As of September 30, 2025 Preliminary (A)				Increase (Decrease) (A) - (B)				As of March 31, 2025 (B)
(1) Total capital ratio (4)/(7)			17.23	%			0.16	%			17.07	%
(2) Tier 1 capital ratio (5)/(7)			15.60	%			0.35	%			15.24	%
(3) Common Equity Tier 1 capital ratio (6)/(7)			12.19	%			(0.11	)%			12.30	%
(4) Total capital			13,054.3				805.4				12,248.9
(5) Tier 1 capital			11,819.6				879.4				10,940.2
(6) Common Equity Tier 1 capital			9,233.9				403.0				8,830.9
(7) Risk weighted assets			75,738.6				3,991.3				71,747.3
(8) Required Capital (7)×8%			6,059.0				319.3				5,739.7
TB Non-consolidated
		(in billions of yen)
		As of September 30, 2025 Preliminary (A)				Increase (Decrease) (A) - (B)				As of March 31, 2025 (B)
(1) Total capital ratio (4)/(7)			19.59	%			(0.46	)%			20.06	%
(2) Tier 1 capital ratio (5)/(7)			15.96	%			(0.93	)%			16.89	%
(3) Common Equity Tier 1 capital ratio (6)/(7)			13.39	%			(0.95	)%			14.35	%
(4) Total capital			2,276.3				100.3				2,176.0
(5) Tier 1 capital			1,853.8				21.7				1,832.1
(6) Common Equity Tier 1 capital			1,556.3				(0.2	)			1,556.6
(7) Risk weighted assets			11,614.9				770.4				10,844.5
(8) Required Capital (7)×8%			929.1				61.6				867.5

Note: Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.

Risk-adjusted capital ratio of BK and TB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

13

Mitsubishi UFJ Financial Group, Inc.

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

MUFG Consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)

		(in millions of yen)
		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Bankrupt or De facto Bankrupt			308,645				300,776				7,868
Doubtful			601,654				693,225				(91,571	)
Special Attention			504,379				536,469				(32,089	)
Accruing loans contractually past due 3 months or more			16,350				17,863				(1,513	)
Restructured loans			488,029				518,605				(30,575	)
Subtotal (A)			1,414,679				1,530,471				(115,791	)
Normal(B)			137,998,575				135,805,816				2,192,758
Total loans (C=A+B)			139,413,254				137,336,287				2,076,967
Non-performing loans ratio (A)/(C)			1.01	%			1.11	%			(0.09	)%
Write-offs			196,564				199,367				(2,803	)

(2) Allowance for Credit Losses 

		(in millions of yen)
		As of September 30, 2025				Coverage ratio (D)/(A)				As of March 31, 2025				Coverage ratio (D)/(A)				Increase (Decrease)				Coverage ratio (D)/(A)
Allowance for credit losses (D)			1,139,834				80.57	%			1,214,870				79.37	%			(75,036	)			1.19	%
General allowance for credit losses			731,995				—				761,228				—				(29,232	)			—
Specific allowance for credit losses			398,019				—				442,257				—				(44,237	)			—
Allowance for credit to specific foreign borrowers			9,819				—				11,385				—				(1,565	)			—

(3) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

		(in millions of yen)
Classified by Geographic Area		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Domestic			709,535				786,751				(77,215	)
Overseas			705,143				743,720				(38,576	)
Asia			487,572				491,835				(4,262	)
Indonesia			45,445				51,106				(5,660	)
Singapore			481				629				(147	)
Thailand			400,765				382,780				17,984
Other			40,880				57,318				(16,438	)
Americas			126,386				124,006				2,379
Europe, Middle East and Other			91,184				127,878				(36,693	)
Total			1,414,679				1,530,471				(115,791	)
		(in millions of yen)
Classified by Industry		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Domestic			709,535				786,751				(77,215	)
Manufacturing			280,587				297,746				(17,159	)
Construction			5,591				6,258				(667	)
Wholesale and retail			76,914				84,280				(7,365	)
Finance and insurance			11,607				16,709				(5,101	)
Real estate, goods rental and leasing			18,601				27,402				(8,801	)
Services			46,646				65,970				(19,324	)
Other industries			16,794				38,996				(22,202	)
Consumer			252,793				249,386				3,406
Overseas			705,143				743,720				(38,576	)
Financial institutions			29,693				14,902				14,791
Commercial and industrial			440,932				492,167				(51,235	)
Other			234,517				236,650				(2,132	)
Total			1,414,679				1,530,471				(115,791	)

14

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)

		(in millions of yen)
		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Bankrupt or De facto Bankrupt			44,467				50,052				(5,585	)
Doubtful			343,693				448,449				(104,755	)
Special Attention			340,302				365,391				(25,088	)
Accruing loans contractually past due 3 months or more			9,087				9,236				(148	)
Restructured loans			331,214				356,154				(24,939	)
Subtotal (A)			728,464				863,892				(135,428	)
Normal(B)			122,852,911				121,231,909				1,621,001
Total loans (C=A+B)			123,581,375				122,095,802				1,485,572
Non-performing loans ratio (A)/(C)			0.58	%			0.70	%			(0.11	)%
Write-offs			157,569				163,085				(5,515	)

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans) 

		(in millions of yen)
		As of September 30, 2025				Coverage ratio [(D)+(E)]/(A)				As of March 31, 2025				Coverage ratio [(D)+(E)]/(A)				Increase (Decrease)				Coverage ratio [(D)+(E)]/(A)
Covered amount			569,017				78.11	%			656,627				76.00	%			(87,609	)			2.10	%
Allowance for credit losses(D)			263,492				—				325,637				—				(62,144	)			—
Collateral, guarantees, etc.(E)			305,524				—				330,989				—				(25,464	)			—

(3) Coverage Ratio 

(in millions of yen)

Category

Loan amount (A)

Allowance for credit losses (D)

Covered by collateral and/or guarantees (E)

Allowance coverage ratio for unsecured portion (D) / [(A) - (E)]

Coverage ratio [(D)+(E)]/(A)

Bankrupt or De facto Bankrupt

44,467

911

43,555

—

100.00

%

[50,052

]

[995

]

[49,057

]

—

[100.00

%]

Doubtful

343,693

134,298

130,455

—

77.03

%

[448,449

]

[189,859

]

[133,301

]

—

[72.06

%]

Special Attention

340,302

128,282

131,514

—

76.34

%

[365,391

]

[134,782

]

[148,630

]

—

[77.56

%]

Total

728,464

263,492

305,524

—

78.11

%

[863,892

]

[325,637

]

[330,989

]

—

[76.00

%]

Note: The upper figures are as of September 30, 2025. The lower figures with brackets are as of March 31, 2025. 

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans) 

		(in millions of yen)
Classified by Geographic Area		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Domestic			498,013				583,270				(85,256	)
Overseas			230,450				280,622				(50,171	)
Asia			41,430				58,101				(16,670	)
Indonesia			339				507				(167	)
Singapore			481				629				(147	)
Thailand			—				—				—
Other			40,609				56,964				(16,354	)
Americas			126,386				124,006				2,379
Europe, Middle East and Other			62,633				98,514				(35,880	)
Total			728,464				863,892				(135,428	)

		(in millions of yen)
Classified by Industry		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Domestic			498,013				583,270				(85,256	)
Manufacturing			278,233				295,833				(17,600	)
Construction			5,428				6,164				(736	)
Wholesale and retail			74,541				81,876				(7,334	)
Finance and insurance			11,586				16,687				(5,100	)
Real estate			17,273				17,748				(475	)
Goods rental and leasing			1,310				9,636				(8,325	)
Services			46,562				65,734				(19,172	)
Other industries			15,333				37,889				(22,555	)
Consumer			47,743				51,699				(3,956	)
Overseas			230,450				280,622				(50,171	)
Financial institutions			27,622				13,131				14,491
Commercial and industrial			202,758				267,402				(64,643	)
Other			69				88				(19	)
Total			728,464				863,892				(135,428	)

15

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)

		(in millions of yen)
		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Bankrupt or De facto Bankrupt			44,467				50,002				(5,535	)
Doubtful			342,522				447,324				(104,802	)
Special Attention			340,302				365,391				(25,088	)
Accruing loans contractually past due 3 months or more			9,087				9,236				(148	)
Restructured loans			331,214				356,154				(24,939	)
Subtotal (A)			727,292				862,718				(135,425	)
Normal(B)			119,876,253				118,665,863				1,210,390
Total loans (C=A+B)			120,603,546				119,528,581				1,074,964
Non-performing loans ratio (A)/(C)			0.60	%			0.72	%			(0.11	)%
Write-offs			157,564				163,077				(5,513	)

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans) 

		(in millions of yen)
		As of September 30, 2025				Coverage ratio [(D)+(E)]/(A)				As of March 31, 2025				Coverage ratio [(D)+(E)]/(A)				Increase (Decrease)				Coverage ratio [(D)+(E)]/(A)
Covered amount			567,845				78.07	%			655,452				75.97	%			(87,606	)			2.10	%
Allowance for credit losses(D)			263,492				—				325,637				—				(62,144	)			—
Collateral, guarantees, etc.(E)			304,353				—				329,815				—				(25,462	)			—

(3) Coverage Ratio 

(in millions of yen)

Category

Loan amount (A)

Allowance for credit losses (D)

Covered by collateral and/or guarantees (E)

Allowance coverage ratio for unsecured portion (D) / [(A) - (E)]

Coverage ratio [(D)+(E)]/(A)

Bankrupt or De facto Bankrupt

44,467

911

43,555

100.00

%

100.00

%

[50,002

]

[995

]

[49,007

]

[100.00

%]

[100.00

%]

Doubtful

342,522

134,298

129,283

62.98

%

76.95

%

[447,324

]

[189,859

]

[132,177

]

[60.24

%]

[71.99

%]

Special Attention

340,302

128,282

131,514

61.44

%

76.34

%

[365,391

]

[134,782

]

[148,630

]

[62.18

%]

[77.56

%]

Total

727,292

263,492

304,353

62.30

%

78.07

%

[862,718

]

[325,637

]

[329,815

]

[61.10

%]

[75.97

%]

Note: The upper figures are as of September 30, 2025. The lower figures with brackets are as of March 31, 2025. 

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans) 

		(in millions of yen)
Classified by Geographic Area		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Domestic			496,841				582,096				(85,254	)
Overseas			230,450				280,622				(50,171	)
Asia			41,430				58,101				(16,670	)
Indonesia			339				507				(167	)
Singapore			481				629				(147	)
Thailand			—				—				—
Other			40,609				56,964				(16,354	)
Americas			126,386				124,006				2,379
Europe, Middle East and Other			62,633				98,514				(35,880	)
Total			727,292				862,718				(135,425	)

		(in millions of yen)
Classified by Industry		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Domestic			496,841				582,096				(85,254	)
Manufacturing			278,233				295,833				(17,600	)
Construction			5,428				6,164				(736	)
Wholesale and retail			74,541				81,876				(7,334	)
Finance and insurance			11,586				16,687				(5,100	)
Real estate			17,268				17,748				(479	)
Goods rental and leasing			1,310				9,636				(8,325	)
Services			46,562				65,734				(19,172	)
Other industries			15,333				37,889				(22,555	)
Consumer			46,576				50,525				(3,948	)
Overseas			230,450				280,622				(50,171	)
Financial institutions			27,622				13,131				14,491
Commercial and industrial			202,758				267,402				(64,643	)
Other			69				88				(19	)
Total			727,292				862,718				(135,425	)

16

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)

		(in millions of yen)
		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Bankrupt or De facto Bankrupt			—				49				(49	)
Doubtful			1,171				1,124				47
Special Attention			—				—				—
Accruing loans contractually past due 3 months or more			—				—				—
Restructured loans			—				—				—
Subtotal (A)			1,171				1,174				(2	)
Normal(B)			2,974,426				2,563,577				410,848
Total loans (C=A+B)			2,975,598				2,564,752				410,846
Non-performing loans ratio (A)/(C)			0.03	%			0.04	%			(0.01	)%
Write-offs			4				7				(2	)

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans) 

		(in millions of yen)
		As of September 30, 2025				Coverage ratio [(D)+(E)]/(A)				As of March 31, 2025				Coverage ratio [(D)+(E)]/(A)				Increase (Decrease)				Coverage ratio [(D)+(E)]/(A)
Covered amount			1,171				100.00	%			1,174				100.00	%			(2	)			—
Allowance for credit losses(D)			—				—				—				—				—				—
Collateral, guarantees, etc.(E)			1,171				—				1,174				—				(2	)			—

(3) Coverage Ratio 

(in millions of yen)

Category

Loan amount (A)

Allowance for credit losses (D)

Covered by collateral and/or guarantees (E)

Allowance coverage ratio for unsecured portion (D) / [(A) - (E)]

Coverage ratio [(D)+(E)]/(A)

Bankrupt or De facto Bankrupt

—

—

—

—

—

[49

]

[—

]

[49

]

[—

]

[100.00

%]

Doubtful

1,171

—

1,171

—

100.00

%

[1,124

]

[—

]

[1,124

]

[—

]

[100.00

%]

Special Attention

—

—

—

—

—

[—

]

[—

]

[—

]

[—

]

[—

]

Total

1,171

—

1,171

—

100.00

%

[1,174

]

[—

]

[1,174

]

[—

]

[100.00

%]

Note: The upper figures are as of September 30, 2025. The lower figures with brackets are as of March 31, 2025. 

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans) 

		(in millions of yen)
Classified by Geographic Area		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Domestic			1,171				1,174				(2	)
Overseas			—				—				—
Asia			—				—				—
Indonesia			—				—				—
Singapore			—				—				—
Thailand			—				—				—
Other			—				—				—
Americas			—				—				—
Europe, Middle East and Other			—				—				—
Total			1,171				1,174				(2	)

		(in millions of yen)
Classified by Industry		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Domestic			1,171				1,174				(2	)
Manufacturing			—				—				—
Construction			—				—				—
Wholesale and retail			—				—				—
Finance and insurance			—				—				—
Real estate			4				—				4
Goods rental and leasing			—				—				—
Services			—				—				—
Other industries			—				—				—
Consumer			1,166				1,174				(7	)
Overseas			—				—				—
Financial institutions			—				—				—
Commercial and industrial			—				—				—
Other			—				—				—
Total			1,171				1,174				(2	)

17

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs) 

		(in millions of yen)
		As of September 30, 2025				As of March 31, 2025				Increase (Decrease)
Bankrupt or De facto Bankrupt			—				—				—
Doubtful			—				—				—
Special Attention			—				—				—
Accruing loans contractually past due 3 months or more			—				—				—
Restructured loans			—				—				—
Subtotal (A)			—				—				—
Normal(B)			2,230				2,468				(237	)
Total loans (C=A+B)			2,230				2,468				(237	)
Non-performing loans ratio (A)/(C)			—				—				—
Write-offs			—				—				—

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans) 

(in millions of yen)

As of September 30, 2025

Coverage ratio [(D)+(E)]/(A)

As of March 31, 2025

Coverage ratio [(D)+(E)]/(A)

Increase (Decrease)

Coverage ratio [(D)+(E)]/(A)

Covered amount

—

—

—

—

—

—

Allowance for credit losses(D)

—

—

—

—

—

—

Collateral, guarantees, etc.(E)

—

—

—

—

—

—

(3) Coverage Ratio 

(in millions of yen)

Category

Loan amount (A)

Allowance for credit losses (D)

Covered by collateral and/or guarantees (E)

Allowance coverage ratio for unsecured portion (D) / [(A) - (E)]

Coverage ratio [(D)+(E)]/(A)

Bankrupt or De facto Bankrupt

—

—

—

—

—

[—

]

[—

]

[—

]

[—

]

[—

]

Doubtful

—

—

—

—

—

[—

]

[—

]

[—

]

[—

]

[—

]

Special Attention

—

—

—

—

—

[—

]

[—

]

[—

]

[—

]

[—

]

Total

—

—

—

—

—

[—

]

[—

]

[—

]

[—

]

[—

]

Note: The upper figures are as of September 30, 2025. The lower figures with brackets are as of March 31, 2025. 

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans) 

(in millions of yen)

Classified by Industry

As of September 30, 2025

As of March 31, 2025

Increase (Decrease)

Domestic

—

—

—

Manufacturing

—

—

—

Construction

—

—

—

Wholesale and retail

—

—

—

Finance and insurance

—

—

—

Real estate

—

—

—

Goods rental and leasing

—

—

—

Services

—

—

—

Other industries

—

—

—

Consumer

—

—

—

Total

—

—

—

18

Mitsubishi UFJ Financial Group, Inc.

Overview of Self-Assessment, Status of Coverage, and Loans to Be Disclosed under the Banking Act and the FRA

BK and TB Combined

(*) “Customers’ liabilities for acceptances and guarantees” in Classification IV are fully reserved.

19

Mitsubishi UFJ Financial Group, Inc.

8. Progress in Disposition of Problem Assets

BK Non-consolidated

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRA”

		(in millions of yen)
		As of March 31,2023				As of March 31, 2024				As of March 31, 2025 (A)				As of September 30, 2025 (B)				(B) - (A)
Assets newly categorized during fiscal 2022			240,324				114,818				71,431				46,913				(24,517	)
Assets newly categorized during fiscal 2023							642,712				79,951				64,526				(15,425	)
Assets newly categorized during fiscal 2024											175,417				116,089				(59,327	)
Assets newly categorized during fiscal 2025															48,197

(2) Progress in Disposition of Problem Assets

		(in millions of yen)
		For the first half of the fiscal year ended September 30, 2025
						Bankrupt or De facto Bankrupt				Doubtful
Liquidation			8,386				—				—
Reconstructive treatment			2,493				—				—
Upgrade due to reconstructive treatment			—				—				—
Loan sold to secondary market			42,089				—				—
Write-offs			4,284				—				—
Others			101,281				—				—
Collection / Repayment			26,634				—				—
Upgrade			74,646				—				—
Total			158,535				13,323				145,212
Amount in process for disposition			41,499

Note: The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

20

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRA”

		(in millions of yen)
		As of March 31, 2023				As of March 31, 2024				As of March 31, 2025 (A)				As of September 30, 2025 (B)				(B) - (A)
Assets newly categorized during fiscal 2022			986				262				91				89				(2	)
Assets newly categorized during fiscal 2023							410				254				144				(110	)
Assets newly categorized during fiscal 2024											477				209				(267	)
Assets newly categorized during fiscal 2025															436

(2) Progress in Disposition of Problem Assets

		(in millions of yen)
		For the first half of the fiscal year ended September 30, 2025
						Bankrupt or De facto Bankrupt				Doubtful
Liquidation			—				—				—
Reconstructive treatment			—				—				—
Upgrade due to reconstructive treatment			—				—				—
Loan sold to secondary market			—				—				—
Write-offs			—				—				—
Others			438				—				—
Collection / Repayment			89				—				—
Upgrade			348				—				—
Total			438				17				421
Amount in process for disposition			46				—				—

Note The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

.

21

Mitsubishi UFJ Financial Group, Inc.

9. Loans Classified by Type of Industry

BK and TB Combined including Trust Accounts

Loans Classified by Type of Industry

		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Domestic offices (excluding loans booked at offshore markets)			76,417,547				(15,852	)			76,433,399
Manufacturing			11,463,001				525,774				10,937,227
Agriculture, forestry, fishery, mining, quarrying of stone and gravel			102,614				(6,942	)			109,556
Construction			945,543				(3,598	)			949,141
Utilities			2,760,915				57,677				2,703,238
Communication and information services			1,427,728				2,973				1,424,755
Transport and postal activities			2,408,870				246,662				2,162,208
Wholesale and retail			6,529,608				363,925				6,165,683
Finance and insurance			9,826,915				556,752				9,270,162
Real estate			12,041,808				353,895				11,687,912
Goods rental and leasing			2,592,555				113,494				2,479,061
Services			2,521,779				(997,468	)			3,519,248
Municipal government			1,749,898				173,422				1,576,476
Other industries (including loans to the Japanese government)			22,046,311				(1,402,418	)			23,448,729
Overseas offices and loans booked at offshore markets			36,552,683				1,395,863				35,156,819
Governments			319,970				(87,499	)			407,470
Financial Institutions			15,196,686				938,678				14,258,007
Other			21,036,026				544,684				20,491,341
Total			112,970,230				1,380,011				111,590,219

22

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated
Loans Classified by Type of Industry
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Domestic offices (excluding loans booked at offshore markets)			73,735,700				(196,919	)			73,932,619
Manufacturing			11,461,601				525,774				10,935,827
Agriculture, forestry, fishery, mining, quarrying of stone and gravel			102,614				(6,942	)			109,556
Construction			945,543				(3,598	)			949,141
Utilities			2,760,915				57,677				2,703,238
Communication and information services			1,415,236				2,273				1,412,963
Transport and postal activities			2,393,870				246,662				2,147,208
Wholesale and retail			6,529,608				363,925				6,165,683
Finance and insurance			8,230,963				401,247				7,829,716
Real estate			12,010,184				358,298				11,651,886
Goods rental and leasing			2,592,555				113,494				2,479,061
Services			2,519,270				(999,464	)			3,518,734
Municipal government			1,749,682				173,437				1,576,245
Other industries (including loans to the Japanese government)			21,023,659				(1,429,702	)			22,453,361
Overseas offices and loans booked at offshore markets			34,948,355				1,138,383				33,809,971
Governments			319,970				(87,499	)			407,470
Financial Institutions			13,592,407				681,211				12,911,195
Other			21,035,977				544,671				20,491,305
Total			108,684,055				941,463				107,742,591

23

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated
Loans Classified by Type of Industry
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Domestic offices (excluding loans booked at offshore markets)			1,134,735				141,910				992,824
Manufacturing			—				—				—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel			—				—				—
Construction			—				—				—
Utilities			—				—				—
Communication and information services			12,492				700				11,792
Transport and postal activities			—				—				—
Wholesale and retail			—				—				—
Finance and insurance			384,193				164,884				219,309
Real estate			6,085				(4,346	)			10,432
Goods rental and leasing			—				—				—
Services			509				(4	)			514
Municipal government			—				—				—
Other industries (including loans to the Japanese government)			731,454				(19,322	)			750,777
Overseas offices and loans booked at offshore markets			1,604,328				257,480				1,346,848
Governments			—				—				—
Financial Institutions			1,604,279				257,467				1,346,812
Other			48				13				35
Total			2,739,063				399,391				2,339,672

24

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Accounts
Loans Classified by Type of Industry
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Domestic offices (excluding loans booked at offshore markets)			1,547,111				39,156				1,507,955
Manufacturing			1,400				—				1,400
Agriculture, forestry, fishery, mining, quarrying of stone and gravel			—				—				—
Construction			—				—				—
Utilities			—				—				—
Communication and information services			—				—				—
Transport and postal activities			15,000				—				15,000
Wholesale and retail			—				—				—
Finance and insurance			1,211,758				(9,379	)			1,221,137
Real estate			25,538				(55	)			25,594
Goods rental and leasing			—				—				—
Services			2,000				2,000				—
Municipal government			216				(14	)			231
Other industries (including loans to the Japanese government)			291,197				46,606				244,591
Overseas offices and loans booked at offshore markets			—				—				—
Governments			—				—				—
Financial Institutions			—				—				—
Other			—				—				—
Total			1,547,111				39,156				1,507,955

25

Mitsubishi UFJ Financial Group, Inc.

10 Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors

BK and TB Combined including Trust Accounts

(1) Domestic Consumer Loans

		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Total domestic consumer loans			15,170,669				139,866				15,030,803
Housing loans			14,391,929				116,908				14,275,020
Residential purpose			12,820,347				152,797				12,667,550
Other			778,740				22,957				755,782
(2) Domestic Loans to Small/Medium-Sized Companies and Proprietors
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of March 31, 2025 (B)
Outstanding amount			42,985,889				713,346				42,272,543
% to total domestic loans			56.25	%			0.94	%			55.30	%
BK Non-consolidated
(1) Domestic Consumer Loans
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of March 31, 2025 (B)
Total domestic consumer loans			14,642,281				175,393				14,466,887
Housing loans			13,863,795				152,363				13,711,432
Residential purpose			12,292,502				188,234				12,104,268
Other			778,485				23,030				755,455
(2) Domestic Loans to Small/Medium-Sized Companies and Proprietors
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of March 31, 2025 (B)
Outstanding amount			42,055,732				700,542				41,355,190
% to total domestic loans			57.03	%			1.09	%			55.93	%
TB Non-consolidated
(1) Domestic Consumer Loans
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of March 31, 2025 (B)
Total domestic consumer loans			526,424				(35,348	)			561,773
Housing loans			526,170				(35,276	)			561,446
Residential purpose			525,883				(35,259	)			561,143
Other			254				(72	)			326
(2) Domestic Loans to Small/Medium-Sized Companies and Proprietors
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of March 31, 2025 (B)
Outstanding amount			648,145				(40,230	)			688,376
% to total domestic loans			57.11	%			(12.21	)%			69.33	%
TB Non-consolidated: Trust Accounts
(1) Domestic Consumer Loans
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of March 31, 2025 (B)
Total domestic consumer loans			1,964				(177	)			2,141
Housing loans			1,964				(177	)			2,141
Residential purpose			1,962				(176	)			2,138
Other			—				—				—
(2) Domestic Loans to Small/Medium-Sized Companies and Proprietors
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of March 31, 2025 (B)
Outstanding amount			282,011				53,034				228,977
% to total domestic loans			18.22	%			3.04	%			15.18	%

26

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BK Consolidated excl. KS, BDI

		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Americas			14,536,841				69,223				14,467,618
United States			12,508,642				59,008				12,449,634
Canada			726,542				52,059				778,602
Brazil			512,121				96,665				415,455
Mexico			280,345				32,886				313,232
Others			509,189				1,504				510,693
Asia/Oceania			11,640,800				89,693				11,551,107
Australia			1,897,760				15,386				1,913,147
Hong Kong			1,722,220				20,434				1,742,655
India			1,657,044				56,899				1,600,144
Singapore			1,385,214				23,111				1,408,325
Indonesia			1,063,275				61,740				1,001,535
China			988,828				143,877				1,132,705
Malaysia			691,024				29,918				720,942
Taiwan			506,181				44,289				461,892
Korea			458,960				29,251				488,211
Philippines			447,571				101,839				345,731
New Zealand			426,763				27,781				398,982
Others			395,953				59,121				336,832
EMEA			9,714,628				640,317				9,074,311
United Kingdom			2,387,584				153,062				2,234,521
Netherlands			1,223,879				11,168				1,212,711
Germany			778,889				3,428				775,460
Luxembourg			744,430				182,998				561,431
France			562,761				475				562,286
Ireland			510,334				34,416				475,917
Italy			294,305				23,513				270,791
Qatar			258,406				90,871				167,535
Saudi Arabia			247,051				47,366				199,684
Belgium			224,888				46,155				178,732
Turkey			222,832				19,441				203,390
Switzerland			207,531				21,982				229,513
Spain			172,786				10,256				183,043
United Arab Emirates			157,727				15,952				141,775
Sweden			76,364				13,107				63,256
Cote D’Ivoire			68,044				32,165				35,878
Norway			63,858				11,073				52,784
Others			1,512,951				12,641				1,525,592
Total			35,892,271				799,233				35,093,037
KS and BDI have the following loan balances in the consolidated financial statements.
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of March 31, 2025 (B)
KS			7,006,928				576,626				6,430,302
BDI			1,542,609				(71,490	)			1,614,099

27

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BK and TB Combined

		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Deposits (ending balance)			215,214,312				(756,366	)			215,970,679
Deposits (average balance)			216,155,256				1,010,689				215,144,567
Loans (ending balance)			111,423,119				1,340,855				110,082,264
Loans (average balance)			112,726,562				2,015,844				110,710,718
BK Non-consolidated
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Deposits (ending balance)			200,698,962				(2,013,836	)			202,712,799
Deposits (average balance)			202,099,168				798,771				201,300,396
Loans (ending balance)			108,684,055				941,463				107,742,591
Loans (average balance)			110,064,678				1,550,308				108,514,370
TB Non-consolidated
		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Deposits (ending balance)			14,515,350				1,257,469				13,257,880
Deposits (average balance)			14,056,088				211,917				13,844,171
Loans (ending balance)			2,739,063				399,391				2,339,672
Loans (average balance)			2,661,883				465,535				2,196,348

28

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BK and TB Combined

		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Individuals			94,045,511				426,688				93,618,823
Corporations and others			84,502,494				(1,733,025	)			86,235,520
Domestic deposits			178,548,006				(1,306,337	)			179,854,343

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

BK Non-consolidated

		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Individuals			87,382,443				(195,687	)			87,578,130
Corporations and others			79,237,135				(2,435,236	)			81,672,372
Domestic deposits			166,619,578				(2,630,923	)			169,250,502

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

TB Non-consolidated

		(in millions of yen)
		As of  September 30, 2025  (A)				Increase  (Decrease)  (A) - (B)				As of  March 31, 2025  (B)
Individuals			6,663,068				622,375				6,040,693
Corporations and others			5,265,359				702,210				4,563,148
Domestic deposits			11,928,428				1,324,586				10,603,841

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

29

Mitsubishi UFJ Financial Group, Inc.

14. Status of Deferred Tax Assets

BK Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets

		(in billions of yen)
		As of  September 30,  2025 (A)				Increase  (Decrease)  (A) - (B)				As of  March 31,  2025 (B)
Deferred tax assets			1,105.0				63.0				1,041.9
Allowance for credit losses			182.3				(28.5	)			210.9
Write-down on investment securities			371.1				(1.8	)			373.0
Unrealized losses on Available-for-sale securities			1.0				(0.1	)			1.2
Reserve for retirement benefits			62.0				(6.0	)			68.0
Reserve for contingent losses			17.7				(1.6	)			19.3
Depreciation and Impairment losses			74.0				(2.7	)			76.7
Devaluation on land upon merger			20.0				(0.2	)			20.2
Net deferred losses on hedging instruments			529.6				92.2				437.4
Other			240.4				10.6				229.7
Valuation allowance			(393.4	)			1.4				(394.8	)
Deferred tax liabilities			855.4				87.9				767.4
Unrealized gains on Available-for-sale securities			655.7				108.9				546.7
Revaluation gains on securities upon merger			36.9				(0.7	)			37.7
Gains on securities contributed to employees’ retirement benefits trust			39.3				(2.4	)			41.8
Gains on management of employees’ retirement benefits trust			52.8				(9.5	)			62.4
Other			70.5				(8.2	)			78.7
Net deferred tax assets			249.5				(24.8	)			274.4

(2) Net operating profits before provision for general allowance for credit losses and Taxable Income

		(in billions of yen)
		FY2020				FY2021				FY2022				FY2023				FY2024				Interim FY2025
Net operating profits before provision for general allowance for credit losses			388.0				374.4				690.4				974.6				521.7				745.0
Total credit costs			(223.3	)			(234.0	)			(98.5	)			(250.2	)			237.3				82.3
Income before income taxes			205.5				286.1				1,239.5				994.7				1,276.6				980.9
Reconciliation to taxable income			98.5				343.3				(453.8	)			(50.5	)			(446.8	)			(152.4	)
Taxable income			304.1				629.5				785.7				944.2				829.7				828.5

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

30

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets

		(in billions of yen)
		As of  September 30,  2025 (A)				Increase  (Decrease)  (A) - (B)				As of  March 31,  2025 (B)
Deferred tax assets			88.9				1.2				87.6
Gains on securities related to employees’ retirement benefits trust			62.3				0.2				62.0
Depreciation and Impairment losses			15.0				0.0				15.0
Write-down on investment securities			7.7				(0.9	)			8.6
Group tax sharing transactions			4.7				(2.8	)			7.5
Reserve for contingent losses			1.2				(0.3	)			1.5
Other			24.0				4.0				20.0
Valuation allowance			(26.3	)			1.0				(27.3	)
Deferred tax liabilities			256.4				12.7				243.7
Reserve for retirement benefits			149.4				12.3				137.1
Unrealized gains on Available-for-sale securities			96.6				24.3				72.3
Net deferred gains on hedging instruments			3.3				(19.1	)			22.4
Other			6.9				(4.7	)			11.6
Net deferred tax assets			(167.5	)			(11.4	)			(156.0	)

(2) Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses and Taxable Income

		(in billions of yen)
		FY2020				FY2021				FY2022				FY2023				FY2024				Interim FY2025
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses			132.3				176.4				109.1				70.4				70.0				93.4
Total credit costs			0.0				0.1				(0.2	)			(0.1	)			0.2				(5.1	)
Income before income taxes			129.4				210.6				165.7				75.1				199.8				120.9
Reconciliation to taxable income			(26.5	)			(37.4	)			(46.1	)			(15.2	)			(81.5	)			(44.3	)
Taxable income			102.9				173.1				119.6				59.8				118.3				76.5

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

31

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Financial Statements

BK Non-consolidated

(1) Non-consolidated Balance Sheets (selected items)

(in millions of yen)		As of  March 31, 2025				As of   September 30, 2025
Assets:
Cash and due from banks			89,553,911				75,602,816
Call loans			1,489,909				1,703,361
Receivables under resale agreements			3,031,388				1,898,160
Monetary claims bought			4,248,428				4,098,525
Trading assets			5,602,554				6,131,093
Money held in trust			32,798				36,826
Securities			69,147,025				66,526,849
Loans and bills discounted			107,742,591				108,684,055
Foreign exchanges			1,374,506				1,420,401
Other assets			10,785,183				13,236,155
Tangible fixed assets			676,397				674,749
Intangible fixed assets			509,097				530,999
Prepaid pension costs			831,781				886,146
Deferred tax assets			274,421				249,565
Customers’ liabilities for acceptances and guarantees			9,597,403				9,687,843
Allowance for credit losses			(530,929	)			(437,346	)
Total assets			304,366,471				290,930,204

32

Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)		As of  March 31, 2025				As of   September 30, 2025
Liabilities:
Deposits			202,712,799				200,698,962
Negotiable certificates of deposit			11,625,450				12,305,869
Call money			730,676				610,194
Payables under repurchase agreements			21,795,415				16,443,323
Commercial papers			3,062,422				2,829,693
Trading liabilities			3,011,694				3,413,193
Borrowed money			29,946,265				20,743,485
Foreign exchanges			2,592,757				2,379,665
Bonds payable			1,109,130				1,126,036
Other liabilities			8,785,154				11,070,876
Reserve for bonuses			92,495				53,914
Reserve for bonuses to directors			267				92
Reserve for stocks payment			4,423				4,644
Reserve for retirement benefits			16,909				16,495
Reserve for contingent losses			62,378				56,646
Reserves under special laws			0				0
Deferred tax liabilities for land revaluation			81,148				80,727
Acceptances and guarantees			9,597,403				9,687,843
Total liabilities			295,226,792				281,521,665
Net assets:
Capital stock			1,711,958				1,711,958
Capital surplus			3,878,275				3,878,275
Capital reserve			1,711,958				1,711,958
Other capital surplus			2,166,317				2,166,317
Retained earnings			3,710,103				3,941,707
Revenue reserve			190,044				190,044
Other retained earnings			3,520,059				3,751,663
Funds for retirement benefits			2,432				2,432
Reserve for investment promotion taxation			852				852
Other reserve			718,196				718,196
Earned surplus brought forward			2,798,577				3,030,181
Treasury stock			(645,700	)			(645,700	)
Total shareholders’ equity			8,654,637				8,886,241
Net unrealized gains (losses) on available-for-sale securities			1,277,153				1,516,309
Net deferred gains (losses) on hedging instruments			(948,300	)			(1,149,286	)
Land revaluation excess			156,189				155,275
Total valuation and translation adjustments			485,042				522,298
Total net assets			9,139,679				9,408,539
Total liabilities and net assets			304,366,471				290,930,204

33

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(2) Non-consolidated Statements of Income (selected items)

(in millions of yen)		For the six months ended September 30, 2024				For the six months ended September 30, 2025
Ordinary income			3,572,670				3,804,786
Interest income			2,588,190				2,744,858
Interest on loans and bills discounted			1,515,370				1,470,017
Interest and dividends on securities			575,220				640,831
Fees and commissions			400,157				469,293
Trading income			34,346				44,261
Other operating income			230,823				317,385
Other ordinary income			319,153				228,987
Ordinary expenses			2,612,876				2,851,096
Interest expenses			1,780,905				1,902,200
Interest on deposits			880,284				849,575
Fees and commissions			80,963				85,041
Trading expenses			2,150				3,057
Other operating expenses			48,678				115,484
General and administrative expenses			632,399				692,881
Other ordinary expenses			67,779				52,431
Ordinary profits			959,794				953,689
Extraordinary gains			8,168				35,179
Extraordinary losses			3,965				7,871
Income before income taxes			963,997				980,998
Income taxes - current			155,314				263,570
Income taxes - deferred			93,929				6,209
Total taxes			249,243				269,779
Net income			714,753				711,218

34

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non-consolidated Balance Sheets (selected items)

(in millions of yen)		As of  March 31, 2025				As of  September 30, 2025
Assets:
Cash and due from banks			13,562,026				14,190,530
Call loans			730,000				911,443
Receivables under resale agreements			84,905				107,967
Receivables under securities borrowing transactions			130,708				98,585
Monetary claims bought			15				15
Trading assets			88,909				119,954
Money held in trust			13,864				13,854
Securities			14,518,485				16,887,015
Loans and bills discounted			2,339,672				2,739,063
Foreign exchanges			175,657				187,267
Other assets			1,344,091				1,622,029
Tangible fixed assets			112,161				112,442
Intangible fixed assets			88,450				94,137
Prepaid pension costs			555,465				593,967
Customers’ liabilities for acceptances and guarantees			44,005				42,598
Allowance for credit losses			(932	)			(6,106	)
Total assets			33,787,488				37,714,766

35

Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)		As of  March 31, 2025				As of   September 30, 2025
Liabilities:
Deposits			13,257,880				14,515,350
Negotiable certificates of deposit			5,746,397				5,714,385
Call money			2,038,024				3,042,728
Payables under repurchase agreements			5,464,023				7,155,725
Commercial papers			133,307				297,881
Trading liabilities			278,494				338,088
Borrowed money			1,578,850				1,668,483
Foreign exchanges			543,047				419,479
Short-term bonds payable			199,766				99,884
Bonds payable			30,000				30,000
Due to trust accounts			1,565,953				1,530,501
Other liabilities			689,059				601,738
Reserve for bonuses			6,081				5,926
Reserve for bonuses to directors			176				54
Reserve for stocks payment			3,556				3,436
Reserve for contingent losses			5,092				4,081
Deferred tax liabilities			156,082				167,545
Deferred tax liabilities for land revaluation			3,755				3,755
Acceptances and guarantees			44,005				42,598
Total liabilities			31,743,556				35,641,646
Net assets:
Capital stock			324,279				324,279
Capital surplus			455,970				455,970
Capital reserve			250,619				250,619
Other capital surplus			205,351				205,351
Retained earnings			1,352,802				1,353,690
Revenue reserve			73,714				73,714
Other retained earnings			1,279,088				1,279,976
Funds for retirement benefits			710				710
Reserve for investment promotion taxation			281				281
Other reserve			138,495				138,495
Earned surplus brought forward			1,139,601				1,140,489
Treasury stock			(299,999	)			(299,999	)
Total shareholders’ equity			1,833,051				1,833,940
Net unrealized gains (losses) on available-for-sale securities			179,477				231,941
Net deferred gains (losses) on hedging instruments			31,040				6,875
Land revaluation excess			362				362
Total valuation and translation adjustments			210,879				239,179
Total net assets			2,043,931				2,073,119
Total liabilities and net assets			33,787,488				37,714,766

36

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(2) Non-consolidated Statements of Income (selected items)

(in millions of yen)		For the six months ended September 30, 2024				For the six months ended September 30, 2025
Ordinary income			834,449				707,912
Trust fees			61,807				67,745
Interest income			541,179				470,022
Interest on loans and bills discounted			45,191				52,890
Interest and dividends on securities			382,757				283,357
Fees and commissions			81,600				90,128
Trading income			436				0
Other operating income			38,753				45,971
Other ordinary income			110,672				34,043
Ordinary expenses			602,538				582,710
Interest expenses			443,344				388,571
Interest on deposits			60,290				72,201
Fees and commissions			28,263				34,475
Trading expenses			—				34,520
Other operating expenses			29,990				16,411
General and administrative expenses			94,737				99,655
Other ordinary expenses			6,202				9,076
Ordinary profits			231,911				125,202
Extraordinary gains			616				—
Extraordinary losses			15,884				4,273
Income before income taxes			216,643				120,928
Income taxes - current			36,292				25,658
Income taxes - deferred			14,899				6,205
Total taxes			51,192				31,863
Net income			165,450				89,065

37

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(3) Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship

(in millions of yen)		As of  March 31, 2025				As of  September 30, 2025
Assets:
Loans and bills discounted			1,507,955				1,547,111
Securities			82,297,398				83,570,896
Beneficiary rights to the trust			171,790,489				174,772,695
Securities held in custody accounts			3,182,746				4,027,941
Monetary claims			37,473,051				39,001,521
Tangible fixed assets			24,848,502				26,261,485
Intangible fixed assets			229,603				262,776
Other claims			4,279,871				4,698,264
Call loans			5,651,749				3,928,387
Due from banking account			4,244,900				3,411,202
Cash and due from banks			6,403,878				6,524,822
Total			341,910,148				348,007,105
Liabilities:
Money trusts			39,222,424				35,500,853
Pension trusts			13,366,896				12,825,248
Property formation benefit trusts			5,228				5,065
Investment trusts			170,479,519				173,248,934
Money entrusted other than money trusts			7,388,623				8,447,767
Securities trusts			5,392,692				6,166,711
Monetary claim trusts			32,124,384				33,869,490
Equipment trusts			412,714				629,391
Land and fixtures trusts			18,442				18,561
Composite trusts			73,499,220				77,295,080
Total			341,910,148				348,007,105

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 43,081 millions of yen as of September 30, 2025.

Detailed information for “Money trust” with contracts indemnifying the principal amounts

(including trusts for which beneficiary interests are re-entrusted)

(in millions of yen)		As of  March 31, 2025				As of  September 30, 2025
Assets:
Loans and bills discounted			2,468				2,230
Other			1,713,079				1,640,029
Total			1,715,548				1,642,260
Liabilities:
Principal			1,715,116				1,641,807
Allowance for bad debts			7				6
Other			424				446
Total			1,715,548				1,642,260

38

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(4) Major Items

(in millions of yen)		As of  March 31, 2025				As of  September 30, 2025
Total funds			71,598,827				68,560,903
Deposits			13,257,880				14,515,350
Negotiable certificates of deposit			5,746,397				5,714,385
Money trusts			39,222,424				35,500,853
Pension trusts			13,366,896				12,825,248
Property formation benefit trusts			5,228				5,065
Loans and bills discounted			3,847,628				4,286,175
Banking account			2,339,672				2,739,063
Trust account			1,507,955				1,547,111
Investment securities			96,815,884				100,457,912

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

39

FAQ

What were MUFG’s profits attributable to owners (MUFG) for H1 2025?

Profits attributable to owners of parent were 1,292,955 million yen, up 2.8% year over year.

What earnings per share did MUFG report for the six months ended September 30, 2025?

Basic EPS was 113.07 yen and diluted EPS was 112.77 yen.

How did MUFG’s asset quality and capital ratios look?

The non‑performing loan ratio was 1.01%. Total capital ratio was 18.99%, Tier 1 16.87%, and CET1 14.08%.

What dividend did MUFG declare and what is the annual forecast?

A second‑quarter dividend of 35.00 yen per share; the total annual dividend forecast is 74.00 yen including a fiscal year‑end 39.00 yen.

What full‑year profit target did MUFG disclose?

MUFG targets 2,100.0 billion yen in profits attributable to owners of parent for the year ending March 31, 2026.

What were MUFG’s ordinary income and ordinary profits for H1 2025?

Ordinary income was 6,893,775 million yen (up 0.5%) and ordinary profits were 1,746,675 million yen (down 0.6%).

What was MUFG’s equity-to-asset ratio and total assets at period end?

Equity‑to‑asset ratio was 5.2% and total assets were 404,318,108 million yen as of September 30, 2025.