MUFG 6-K 2024 - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report ofForeign Private Issuer

Pursuant to Rule 13a-16 or15d-16 under

the Securities Exchange Act of 1934

For the month of August 2024

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 bycheck mark whether the registrant files or

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

Form20-F X Form 40-F

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

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

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

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

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

SIGNATURES

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

Date: August 1, 2024

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2024

August 1, 2024

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,<br>Head of Financial Accounting and Reporting, Financial<br>Accounting Office,<br>Financial Planning Division
	TEL<br>+81-50-3613-1179
Dividend payment date:	-
Trading accounts:	Established
Supplemental information for on financial results:	Available
Investor meeting presentation:	None

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

1. Consolidated Financial Data for the Three Months ended June 30, 2024

(1)	Results of Operations
	(% represents the change from the same period in the previous fiscal year)
---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Ordinary Income				Ordinary Profits				Profits Attributable to<br>Owners of Parent
	million yen		%		million yen		%		million yen		%
For the three months ended
June 30, 2024		3,525,017		27.1		733,359		1.1		555,894		(0.4	)
June 30, 2023		2,774,099		28.2		725,585		175.9		558,389		391.2
(*)	Comprehensive income
---	---

June 30, 2024: 992,877 million yen, (6.9) % ; June 30, 2023: 1,066,496 million yen, - %

	Basic earnings<br>per share		Diluted earnings<br>per share
	yen		yen
For the three months ended
June 30, 2024		47.50		47.40
June 30, 2023		46.44		46.29
(2)	Financial Conditions
---	---
	Total Assets		Total Net<br>Assets		Equity-to-asset<br>*ratio ()**
---	---	---	---	---	---	---
	million yen		million yen		%
As of
June 30, 2024		407,262,698		21,370,586		5.0
March 31, 2024		403,703,147		20,746,978		4.9

(Reference) Shareholders’ equity as of June 30, 2024: 20,177,227 million yen; March 31, 2024: 19,587,974 million yen

(*)	“Equity-to-asset<br>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<br>quarter-end		2nd<br>quarter-end		3rd<br>quarter-end		Fiscal<br>year-end		Total
	yen		yen		yen		yen		yen
For the fiscal year
ended March 31, 2024		—		20.50		—		20.50		41.00
ending June 30, 2024		—
ending March 31, 2025 (Forecast)				25.00		—		25.00		50.00
(*)	Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : None<br>
---	---

3. Earnings Target for the Fiscal Year ending March 31, 2025 (Consolidated)

MUFG has an earnings target of 1,500.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2025. (There is no change to our earnings target released on May 15, 2024.)

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

ø Notes

(1)	Changes in significant subsidiaries during the period: No
(2)	Adoption of any particular accounting methods for quarterly consolidated financial statements: No<br>
---	---
(3)	Changes in accounting policies, changes in accounting estimates and restatements
---	---

(A) Changes in accounting policies due to revision of accounting standards: Yes

(B) Changes in accounting policies due to reasons other than (A): Yes

(D) Restatements: No

(4)	Number of common stocks outstanding at the end of the period
(A) Total stocks outstanding including treasury stocks:	June 30, 2024	12,337,710,920 shares
---	---	---
	March 31, 2024	12,337,710,920 shares
(B) Treasury stocks:	June 30, 2024	680,433,525 shares
	March 31, 2024	611,522,914 shares
(C) Average outstanding stocks:	Three months ended June 30, 2024	11,703,738,307 shares
	Three months ended June 30, 2023	12,023,926,078 shares

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

ø Notes for using forecasted information etc.

1.	This financial summary report contains forward-looking statements regarding estimations, forecasts, targets and<br>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<br>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.<br>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<br>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.<br>
2.	The financial information included in this financial summary report is prepared and presented in accordance<br>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.<br>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<br>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<br>Japanese GAAP and U.S. GAAP. Readers should consult their own professional advisors for an understanding of the differences between Japanese GAAP and U.S. GAAP and how those differences might affect our reported financial results. To date, we have<br>published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report.
---	---

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.

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

---

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix

1. Results of Operations and Financial Condition	2
2. Consolidated Financial Statements and Notes	3
(1) Consolidated Balance Sheets	3
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income	5
(3) Changes in Accounting Policies	7
(4) Segment Information	8
(5) Notes for Material Changes in Shareholders’ Equity	10
(6) Notes on Going-Concern Assumption	10
(7) Consolidated Statements of Cash Flows	10
(8) Additional Information	10

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Three Months Ended June 30, 2024”

Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

(1) Analysis of results of operations

Gross profits (FX impact: approximately +70 billion yen)

•	Increased mainly driven by increases in interest income from loans and increases in fees related to solution<br>business, wealth management business, and various other businesses, and by the effect of M&A outside of Japan, as well as the Bank of Ayudhya Public Company Limited (“Krungsri”) impact*1 of 163.5 billion yen

G&A expenses (FX impact: approximately +40 billion yen)

•	Increased driven by an increase of overseas compensation costs due to inflation and FX impact, and by the effect<br>of M&A outside of Japan, as well as the Krungsri impact of 84.7 billion yen

Total credit costs

•	Increased mainly due to higher allowance for credit losses on specific overseas entities and the effect of<br>M&A outside of Japan, as well as the Krungsri impact of (43.0) billion yen

Equity in earnings of equity method investees

•	Excluding the Morgan Stanley impact*2 reflected in the fiscal year ended March 31, 2024, the strong performance<br>in Morgan Stanley contributed

Other non-recurring gains (losses)

•	Increased due to improvements in retirement benefit expenses, as well as the absence of one-time costs etc.,<br>included in the fiscal year ended March 31, 2024

Profits attributable to owners of parent

•	Adjusted profits*3 increased by 55.1 billion yen YoY, marking a good start with 37% progress towards the<br>full-year earnings target
*1	Starting from the fiscal year ended March 31,2025, the consolidated closing period for Krungsri has been<br>changed from January-December to April-March aligning with MUFG’s fiscal year.
---	---
*2	The change in the closing date of Morgan Stanley’s financial results during the fiscal year ended March<br>31, 2024
---	---
*3	Excludes the Morgan Stanley impact of 79.5 billion yen in the three months ended June 30, 2023 and the Krungsri<br>impact of 21.8 billion yen in the three months ended June 30, 2024, respectively
---	---
*4	Please refer to P1 Selected Financial Information
---	---

(2) Analysis of financial condition

Total assets

•	Increased 3,595.5 billion yen from March 31, 2024 to 407,262.6 billion yen

Total net assets

•	Increased 623.6 billion yen from March 31, 2024 to 21,370.5 billion yen

Major items

• Assets	Loans and bills discounted
	Increased 5,904.7 billion yen from March 31, 2024 to 122,730.4 billion yen
	Securities
	Decreased 6,146.8 billion yen from March 31, 2024 to 80,731.6 billion yen
• Liabilities	Deposits
	Increased 4,555.0 billion yen from March 31, 2024 to 228,590.1 billion yen

Mitsubishi UFJ Financial Group, Inc.

2.	Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

(in millions of yen)
Assets:
Cash and due from banks	109,875,097		107,513,821
Call loans and bills bought	720,879		826,298
Receivables under resale agreements	18,367,908		18,804,704
Receivables under securities borrowing transactions	5,010,399		4,410,950
Monetary claims bought	7,786,978		7,899,310
Trading assets	20,886,546		24,282,616
Money held in trust	1,270,815		1,253,672
Securities	86,878,589		80,731,693
Loans and bills discounted	116,825,660		122,730,429
Foreign exchanges	2,496,308		1,977,577
Other assets	17,912,498		20,464,464
Tangible fixed assets	1,229,007		1,251,319
Intangible fixed assets	1,671,372		1,922,391
Net defined benefit assets	1,982,502		2,022,248
Deferred tax assets	156,673		167,107
Customers’ liabilities for acceptances and guarantees	12,167,164		12,587,376
Allowance for credit losses	(1,535,253	)	(1,583,284	)
Total assets	403,703,147		407,262,698
Liabilities:
Deposits	224,035,035		228,590,108
Negotiable certificates of deposit	16,555,451		16,075,917
Call money and bills sold	5,125,583		4,523,504
Payables under repurchase agreements	35,482,072		33,137,553
Payables under securities lending transactions	1,047,194		791,433
Commercial papers	3,105,779		3,149,543
Trading liabilities	16,729,760		17,677,023
Borrowed money	25,955,961		25,515,473
Foreign exchanges	3,465,919		2,768,300
Short-term bonds payable	1,211,769		1,260,896
Bonds payable	16,303,298		16,796,282
Due to trust accounts	7,387,495		5,781,893
Other liabilities	13,312,715		16,411,514
Reserve for bonuses	243,372		120,346
Reserve for bonuses to directors	2,629		1,656
Reserve for stocks payment	13,331		16,652
Net defined benefit liabilities	102,155		108,375
Reserve for retirement benefits to directors	822		708
Reserve for loyalty award credits	17,809		7,638
Reserve for contingent losses	133,860		129,261
Reserves under special laws	5,058		5,262
Deferred tax liabilities	465,295		350,926
Deferred tax liabilities for land revaluation	86,631		84,459
Acceptances and guarantees	12,167,164		12,587,376
Total liabilities	382,956,169		385,892,111

Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)
Net assets:
Capital stock	2,141,513		2,141,513
Capital surplus	83,623		83,414
Retained earnings	13,791,608		14,118,234
Treasury stock	(613,823	)	(728,317	)
Total shareholders’ equity	15,402,921		15,614,843
Net unrealized gains (losses) on<br>available-for-sale securities	1,534,094		1,335,568
Net deferred gains (losses) on hedging instruments	(687,476	)	(800,596	)
Land revaluation excess	133,967		128,417
Foreign currency translation adjustments	2,762,818		3,463,361
Remeasurements of defined benefit plans	507,085		495,455
Debt value adjustments of foreign subsidiaries and affiliates	(65,435	)	(59,947	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates	—		123
Total accumulated other comprehensive income	4,185,052		4,562,383
Subscription rights to shares	0		3
Non-controlling interests	1,159,003		1,193,355
Total net assets	20,746,978		21,370,586
Total liabilities and net assets	403,703,147		407,262,698

Mitsubishi UFJ Financial Group, Inc.

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

Consolidated Statements of Income

(in millions of yen)
Ordinary income	2,774,099	3,525,017
Interest income	1,671,075	2,353,006
Interest on loans and bills discounted	901,940	1,186,309
Interest and dividends on securities	314,009	444,660
Trust fees	33,215	35,189
Fees and commissions	457,534	557,301
Trading income	109,429	108,099
Other operating income	205,728	178,316
Other ordinary income	297,114	293,104
Ordinary expenses	2,048,513	2,791,657
Interest expenses	1,086,946	1,529,894
Interest on deposits	417,834	601,433
Fees and commissions	89,326	109,357
Trading expenses	326	—
Other operating expenses	59,144	57,076
General and administrative expenses	705,048	844,873
Other ordinary expenses	107,720	250,456
Ordinary profits	725,585	733,359
Extraordinary gains	6,997	7,612
Gains on disposition of fixed assets	6,997	7,612
Extraordinary losses	29,521	4,909
Losses on disposition of fixed assets	3,690	2,079
Losses on impairment of fixed assets	3,596	2,626
Provision for reserve for contingent liabilities from financial instruments transactions	176	203
Losses on change in equity	22,058	—
Profits before income taxes	703,061	736,062
Income taxes-current	104,058	135,758
Income taxes-deferred	23,442	18,027
Total taxes	127,500	153,786
Profits	575,560	582,276
Profits attributable to non-controlling interests	17,171	26,382
Profits attributable to owners of parent	558,389	555,894

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income

(in millions of yen)
Profits	575,560		582,276
Other comprehensive income
Net unrealized gains (losses) on<br>available-for-sale securities	45,712		(193,254	)
Net deferred gains (losses) on hedging instruments	(45,231	)	(111,529	)
Foreign currency translation adjustments	233,712		471,663
Remeasurements of defined benefit plans	(8,359	)	(11,344	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates	—		123
Share of other comprehensive income of associates accounted for using equity method	265,101		254,942
Total other comprehensive income	490,935		410,601
Comprehensive income	1,066,496		992,877
(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent	1,035,593		940,670
Comprehensive income attributable to non-controlling<br>interests	30,902		52,207

Mitsubishi UFJ Financial Group, Inc.

(3) Changes in Accounting Policies

(Accounting Standard for Corporate Tax, Inhabitant Tax, Enterprise Tax, etc.)

Accounting Standard Board of Japan (“ASBJ”) Statement No. 27, “Accounting Standard for Corporate Tax, Inhabitant Tax, Enterprise Tax, etc.” (ASBJ, October 28, 2022), etc., have been applied from the beginning of the three months ended June 30, 2024.

The cumulative effect of retroactively applying the new accounting policy to reporting periods prior to the beginning of the three months ended June 30, 2024 was recognized as an adjustment to retained earnings as of the beginning of the three months ended June 30, 2024.

As a result, at the beginning of the three months ended June 30, 2024, retained earnings increased by ¥6,119 million, and deferred hedge decreased by ¥1,896 million, deferred tax liabilities decreased by ¥4,223 million.

(Adoption of IFRS accounting standards by a foreign subsidiary)

The consolidated financial statements of Krungsri, which are used in MUFG’s consolidated accounting process, had been previously prepared in accordance with U.S. GAAP, but from the beginning of the three months ended June 30, 2024, have been prepared in accordance with IFRS.

This change has been made pursuant to MUFG’s decision to consolidate Krungsri based on a provisional closing of its accounts through the system put in place to prepare Krungsri’s consolidated financial statements in accordance with IFRS from the perspective of providing MUFG’s consolidated financial statements in a more timely manner as described in “Provisional closing of accounts of a significant subsidiary” under “(8) Additional Information” below. The change is part of the MUFG Group’s ongoing review of infrastructure and system development in considering adoption of IFRS.

The impact of the change on MUFG’s consolidated financial statements and per share information for the previous fiscal year is immaterial.

Mitsubishi UFJ Financial Group, Inc.

(4) Segment Information

I.	Business segment information
1	Summary of reporting segments
---	---

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

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

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

MUFG has reorganized its previous Digital Service Business Group and Retail & Commercial Banking Business Group into Retail & Digital Business Group and Commercial Banking & Wealth Management Business Group in order to take fuller advantage of our strengths as a corporate group providing comprehensive financial services, under the medium-term business plan that was commenced in the three months ended June 30, 2024, and has changed its reporting segments to the current segmentation based on the reorganized business groups.

In addition, from the three months ended June 30, 2024, MUFG has changed the method of allocation of net revenue and operating expenses among reporting segments and has accordingly changed the method of calculation of operating profit (loss) of each reporting segment.

The business segment information for the three months ended June 30, 2023 has been restated based on the new segmentation and the new calculation method.

Mitsubishi UFJ Financial Group, Inc.

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

For the three months ended June 30, 2023

	(in millions of yen)
	For the three months ended June 30, 2023
	Retail &<br>Digital<br>Business<br>Group		Commercial<br>Banking<br>& Wealth<br>Management<br>Business<br>Group		Japanese<br>Corporate &<br>Investment<br>Banking<br>Business<br>Group		Global<br>Commercial<br>Banking<br>Business<br>Group		Asset<br>Management<br>& Investor<br>Services<br>Business<br>Group		Global<br>Corporate &<br>Investment<br>Banking<br>Business<br>Group		Total of<br>Customer<br>Business		Global<br>Markets<br>Business<br>Group		Other			Total
Net revenue	¥	199,562	¥	131,074	¥	221,081	¥	142,600	¥	93,538	¥	196,037	¥	983,895	¥	240,660	¥	19,981		¥	1,244,537
Operating expenses		153,662		101,366		90,392		81,665		68,034		95,096		590,219		73,002		30,458			693,680
Operating profit (loss)	¥	45,899	¥	29,708	¥	130,688	¥	60,934	¥	25,503	¥	100,940	¥	393,676	¥	167,658	¥	(10,477	)	¥	550,857

(Notes)

1.	“Net revenue” in the above table is used in lieu of net sales generally used by Japanese non-financial companies.
2.	“Net revenue” includes net interest income, trust fees, net fees and commissions, net trading profit,<br>and net other operating profit.
---	---
3.	“Operating expenses” includes personnel expenses and premise expenses.
---	---

For the three months ended June 30, 2024

	(in millions of yen)
	For the three months ended June 30, 2024
	Retail &<br>Digital<br>Business<br>Group		Commercial<br>Banking<br>& Wealth<br>Management<br>Business<br>Group		Japanese<br>Corporate &<br>Investment<br>Banking<br>Business<br>Group		Global<br>Commercial<br>Banking<br>Business<br>Group		Asset<br>Management<br>& InvestorServicesBusinessGroup		Global<br>Corporate &InvestmentBankingBusinessGroup		Total of<br>Customer<br>Business		Global<br>Markets<br>Business<br>Group		Other			Total
Net revenue	¥	221,390	¥	160,743	¥	257,478	¥	365,398	¥	110,445	¥	232,253	¥	1,347,708	¥	207,777	¥	(16,522	)	¥	1,538,964
Operating expenses		163,788		105,351		94,412		185,790		77,406		109,238		735,988		78,011		39,489			853,489
Operating profit (loss)	¥	57,602	¥	55,391	¥	163,065	¥	179,607	¥	33,039	¥	123,014	¥	611,720	¥	129,765	¥	(56,011	)	¥	685,474

(Notes)

1.	“Net revenue” in the above table is used in lieu of net sales generally used by Japanese non-financial companies.
2.	“Net revenue” includes net interest income, trust fees, net fees and commissions, net trading profit,<br>and net other operating profit.
---	---
3.	“Operating expenses” includes personnel expenses and premise expenses.
---	---

Mitsubishi UFJ Financial Group, Inc.

3	Reconciliation of the total operating profit in each of the above tables to the ordinary profit in the<br>consolidated statement of income for the corresponding three-month period
Operating profit	For the three months<br>ended<br>June 30, 2023			For the three months<br>ended<br>June 30, 2024
---	---	---	---	---	---	---
Total operating profit of reporting segments		550,857			685,474
Operating profit of consolidated subsidiaries excluded from reporting segments		228			(104	)
Provision for general allowance for credit losses		392			(30,593	)
Credit related expenses		(69,169	)		(171,333	)
Gains on reversal of reserve for contingent losses included in credit costs		1,531			2,713
Gains on loans written-off		25,602			32,449
Net gains on equity securities and other securities		43,765			55,672
Equity in earnings of the equity method investees		199,921			143,090
Others		(27,543	)		15,991
Ordinary profit in the consolidated statement of income		725,585			733,359

(5) Notes for Material Changes in Shareholders’ Equity

None.

(6) Notes on Going-Concern Assumption

None.

(7) Consolidated Statementsof Cash Flows

No consolidated statements of cash flows have been prepared for the three-month periods ended June 30, 2023 and 2024. Depreciation (including amortization of intangible assets other than goodwill) and amortization of goodwill for the periods indicated were as follows:

	(in millions of yen)
	For the three months ended June 30,
	2023		2024
Depreciation	¥	80,889	¥	97,779
Amortization of goodwill		4,324		9,348

(8) Additional Information

(Provisional closing of accounts of a significant subsidiary)

Krungsri, a significant subsidiary of MUFG, closes its financial accounts based on a fiscal year-end of December 31 and, previously, had been consolidated based on its consolidated financial statements as of the end of each immediately preceding quarterly reporting period. However, from the perspective of providing financial information in a more timely manner, MUFG has decided to consolidate Krungsri based on a provisional closing of accounts of Krungsri to be implemented as of MUFG’s quarterly reporting period, effective from the three months ended June 30, 2024.

Accordingly, for the three months ended June 30, 2024, Krungsri’s financial results for the six-month period from January 1, 2024 to June 30, 2024 have been consolidated based on a provisional closing of accounts of Krungsri, and the impact of implementation of such provisional closing of accounts has been reflected through MUFG’s consolidated statement of income.

Concerning Krungsri’s financial results for the period from January 1, 2024 to March 31, 2024, ordinary income was ¥224,478 million, ordinary profits were ¥37,233 million, and profits before income taxes were ¥37,033 million.

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2024

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]

1. Financial Results	[MUFG Consolidated]1[BK and TB Combined]234<br><br><br>[BK Non-consolidated][TB Non-consolidated]	1
2. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the“FRA”)	[MUFG Consolidated]<br> <br>[BK and TB Combined<br>including Trust Account]<br> <br>[BK Non-consolidated][TB Non-consolidated]<br><br><br>[TB Non-consolidated : Trust Account]	5
3. Securities	[MUFG Consolidated]<br> <br>[BK Non-consolidated][TB Non-consolidated]	6
4. ROE	[MUFG Consolidated]	9
5. Average Interest Rate Spread	[BK and TB Combined]<br> <br>[BK Non-consolidated][TB Non-consolidated]	10
6. Loans and Deposits	[BK and TB Combined]<br> <br>[BK Non-consolidated][TB Non-consolidated]	11
7. Statements of Trust Assets and Liabilities	[TB Non-consolidated]	12
(*1)	“MUFG” means Mitsubishi UFJ Financial Group, Inc.
---	---
(*2)	“BK” means MUFG Bank, Ltd.
---	---
(*3)	“TB” means Mitsubishi UFJ Trust and Banking Corporation.
---	---
(*4)	“BK and TB Combined” means simple sum of “BK” and “TB” without consolidation<br>processes.
---	---

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated

	(in millions of yen)
	For the three months ended						Increase<br>(Decrease)<br>(A) - (B)
	June 30, 2024 (A)			June 30, 2023 (B)
Gross profits	****	1,535,602	****		1,241,301			294,300
Gross profits before credit costs for trust accounts	****	1,535,602	****		1,241,301			294,300
Net interest income	****	823,128	****		584,190			238,937
Trust fees	****	35,189	****		33,215			1,974
Credit costs for trust accounts (1)	****	—	****		—			—
Net fees and commissions	****	447,944	****		368,208			79,735
Net trading profits	****	108,099	****		109,103			(1,003	)
Net other operating profits	****	121,240	****		146,584			(25,343	)
Net gains (losses) on debt securities	****	(12,680	)		49,804			(62,485	)
General and administrative expenses	****	857,451	****		684,692			172,759
Amortization of goodwill	****	9,348	****		4,324			5,023
Net operating profits before credit costs for trust accounts, provision for general allowance for<br>credit losses and amortization of goodwill	****	687,499	****		560,933			126,565
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses	****	678,151	****		556,609			121,541
Provision for general allowance for credit losses (2)	****	(30,593	)		392			(30,985	)
Net operating profits*1	****	647,557	****		557,001			90,556
Net non-recurring gains (losses)	****	85,801	****		168,584			(82,782	)
Credit costs (3)	****	(171,333	)		(69,169	)		(102,163	)
Losses on loan write-offs	****	(75,291	)		(30,435	)		(44,855	)
Provision for specific allowance for credit losses	****	(96,031	)		(39,086	)		(56,945	)
Other credit costs	****	(10	)		352			(362	)
Reversal of allowance for credit losses (4)	****	—	****		—			—
Reversal of reserve for contingent losses included in credit costs (5)	****	2,713	****		1,531			1,181
Gains on loans written-off (6)	****	32,449	****		25,602			6,846
Net gains (losses) on equity securities	****	55,672	****		43,765			11,906
Gains on sales of equity securities	****	62,275	****		46,786			15,489
Losses on sales of equity securities	****	(5,032	)		(1,595	)		(3,436	)
Losses on write-down of equity securities	****	(1,571	)		(1,424	)		(146	)
Equity in earnings of equity method investees	****	143,090	****		199,921			(56,831	)
Other non-recurring gains (losses)	****	23,210	****		(33,067	)		56,277
Ordinary profits	****	733,359	****		725,585			7,773
Net extraordinary gains (losses)	****	2,703	****		(22,524	)		25,227
Net gains (losses) on disposition of fixed assets	****	5,533	****		3,307			2,225
Losses on impairment of fixed assets	****	(2,626	)		(3,596	)		970
Losses on change in equity	****	—	****		(22,058	)		22,058
Profits before income taxes	****	736,062	****		703,061			33,001
Income taxes-current	****	135,758	****		104,058			31,700
Income taxes-deferred	****	18,027	****		23,442			(5,414	)
Total taxes	****	153,786	****		127,500			26,285
Profits	****	582,276	****		575,560			6,715
Profits attributable to non-controlling interests	****	26,382	****		17,171			9,210
Profits attributable to owners of parent	****	555,894	****		558,389			(2,495	)
Note:
*1. Net operating profits = Banking subsidiaries’ net operating profits +<br>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<br>transactions
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(166,763	)		(41,643	)		(125,120	)

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined

	(in millions of yen)
	For the three months ended						Increase<br>(Decrease)<br>(A) - (B)
	June 30, 2024<br>(A)			June 30, 2023<br>(B)
Gross profits	****	833,219	****		838,786			(5,567	)
Gross profits before credit costs for trust accounts	****	833,219	****		838,786			(5,567	)
Net interest income	****	484,432	****		478,939			5,492
Trust fees	****	30,103	****		28,805			1,297
Credit costs for trust accounts (1)	****	—	****		—			—
Net fees and commissions	****	189,937	****		170,318			19,618
Net trading profits	****	1,833	****		45,122			(43,288	)
Net other operating profits	****	126,913	****		115,600			11,313
Net gains (losses) on debt securities	****	(12,739	)		50,014			(62,754	)
General and administrative expenses	****	405,334	****		374,056			31,277
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses	****	427,885	****		464,730			(36,845	)
Provision for general allowance for credit losses (2)	****	(29,172	)		(61	)		(29,110	)
Net operating profits	****	398,712	****		464,668			(65,955	)
Net non-recurring gains (losses)	****	51,078	****		24,983			26,094
Credit costs (3)	****	(13,321	)		(4,294	)		(9,026	)
Reversal of allowance for credit losses (4)	****	—	****		9,345			(9,345	)
Reversal of reserve for contingent losses included in credit costs (5)	****	2,689	****		2,248			440
Gains on loans written-off (6)	****	2,553	****		6,954			(4,401	)
Net gains (losses) on equity securities	****	52,329	****		41,711			10,617
Gains on sales of equity securities	****	58,247	****		45,144			13,102
Losses on sales of equity securities	****	(3,282	)		(1,740	)		(1,542	)
Losses on write-down of equity securities	****	(2,636	)		(1,693	)		(942	)
Other non-recurring gains (losses)	****	6,827	****		(30,981	)		37,809
Ordinary profits	****	449,790	****		489,651			(39,860	)
Net extraordinary gains (losses)	****	5,708	****		6,438			(730	)
Income before income taxes	****	455,499	****		496,090			(40,591	)
Income taxes-current	****	101,625	****		83,540			18,085
Income taxes-deferred	****	(7,360	)		(9,078	)		1,718
Total taxes	****	94,265	****		74,461			19,803
Net income	****	361,233	****		421,628			(60,394	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)	****	(37,251	)		14,192			(51,443	)
Credit costs for trust accounts	****	—	****		—			—
Provision for general allowance for credit losses	****	(29,172	)		15,977			(45,150	)
Provision for special allowance for credit losses	****	(7,476	)		(6,967	)		(509	)
Allowance for credit to specific foreign borrowers	****	235	****		273			(38	)
Losses on loans write-offs	****	(5,834	)		(4,373	)		(1,461	)
Provision for contingent losses included in credit costs	****	2,689	****		2,248			440
Gains on loans written-off	****	2,553	****		6,954			(4,401	)
Losses on sales of other loans, etc.	****	(245	)		78			(323	)
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses, excluding net gains (losses) on debt securities	****	440,624	****		414,715			25,909
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation	****	343,692	****		359,961			(16,269	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

	(in millions of yen)
	For the three months ended						Increase<br>(Decrease)<br>(A) - (B)
	June 30, 2024 (A)			June 30, 2023 (B)
Gross profits	****	706,691	****		757,922			(51,230	)
Net interest income	****	410,152	****		448,113			(37,961	)
Net fees and commissions	****	166,126	****		150,103			16,023
Net trading profits	****	27,501	****		31,704			(4,202	)
Net other operating profits	****	102,910	****		128,001			(25,090	)
Net gains (losses) on debt securities	****	(9,491	)		44,412			(53,903	)
General and administrative expenses	****	352,363	****		320,523			31,840
Amortization of goodwill	****	994	****		941			53
Net operating profits before provision for general allowance for credit losses and amortization of<br>goodwill	****	355,322	****		438,340			(83,017	)
Net operating profits before provision for general allowance for credit losses	****	354,327	****		437,399			(83,071	)
Provision for general allowance for credit losses (1)	****	(29,102	)		—			(29,102	)
Net operating profits	****	325,225	****		437,399			(112,173	)
Net non-recurring gains (losses)	****	35,001	****		32,647			2,354
Credit costs (2)	****	(13,321	)		(4,294	)		(9,026	)
Reversal of allowance for credit losses (3)	****	—	****		9,345			(9,345	)
Reversal of reserve for contingent losses included in credit costs (4)	****	2,537	****		2,185			352
Gains on loans written-off (5)	****	2,552	****		6,954			(4,402	)
Net gains (losses) on equity securities	****	40,866	****		33,554			7,311
Gains on sales of equity securities	****	45,546	****		36,285			9,260
Losses on sales of equity securities	****	(3,278	)		(1,694	)		(1,583	)
Losses on write-down of equity securities	****	(1,401	)		(1,036	)		(364	)
Other non-recurring gains (losses)	****	2,366	****		(15,098	)		17,464
Ordinary profits	****	360,226	****		470,046			(109,819	)
Net extraordinary gains (losses)	****	5,721	****		6,478			(757	)
Income before income taxes	****	365,947	****		476,524			(110,576	)
Income taxes-current	****	96,856	****		82,498			14,358
Income taxes-deferred	****	(13,606	)		(10,832	)		(2,774	)
Total taxes	****	83,250	****		71,666			11,583
Net income	****	282,697	****		404,858			(122,160	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)	****	(37,334	)		14,190			(51,524	)
Provision for general allowance for credit losses	****	(29,102	)		16,039			(45,142	)
Provision for special allowance for credit losses	****	(7,476	)		(6,967	)		(509	)
Allowance for credit to specific foreign borrowers	****	235	****		273			(38	)
Losses on loans write-off	****	(5,834	)		(4,373	)		(1,461	)
Provision for contingent losses included in credit costs	****	2,537	****		2,185			352
Gains on loans written-off	****	2,552	****		6,954			(4,402	)
Losses on sales of other loans, etc.	****	(245	)		78			(323	)
Net operating profits before provision for general allowance for credit losses, excluding net<br>gains (losses) on debt securities	****	363,819	****		392,986			(29,167	)
Net operating profits before provision for general allowance for credit losses, excluding net<br>gains (losses) on debt securities and investment trusts cancellation	****	282,498	****		359,618			(77,119	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

	(in millions of yen)
	For the three months ended						Increase<br>(Decrease)<br>(A) - (B)
	June 30, 2024<br>(A)			June 30, 2023<br>(B)
Gross profits	****	126,527	****		80,864			45,663
Gross profits before credit costs for trust accounts	****	126,527	****		80,864			45,663
Trust fees	****	30,103	****		28,805			1,297
Credit costs for trust accounts (1)		—			—			—
Net interest income	****	74,279	****		30,825			43,453
Net fees and commissions	****	23,810	****		20,215			3,594
Net trading profits	****	(25,667	)		13,417			(39,085	)
Net other operating profits	****	24,002	****		(12,400	)		36,403
Net gains (losses) on debt securities	****	(3,248	)		5,602			(8,850	)
General and administrative expenses	****	52,970	****		53,533			(562	)
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses	****	73,557	****		27,331			46,226
Provision for general allowance for credit losses (2)	****	(69	)		(61	)		(7	)
Net operating profits	****	73,487	****		27,269			46,218
Net non-recurring gains (losses)	****	16,077	****		(7,663	)		23,740
Credit costs (3)	****	—	****		—			—
Reversal of allowance for credit losses (4)	****	—	****		—			—
Reversal of reserve for contingent losses included in credit costs (5)	****	151	****		63			88
Gains on loans written-off (6)	****	1	****		0			0
Net gains (losses) on equity securities	****	11,462	****		8,156			3,306
Gains on sales of equity securities	****	12,701	****		8,858			3,842
Losses on sales of equity securities	****	(4	)		(45	)		41
Losses on write-down of equity securities	****	(1,234	)		(656	)		(578	)
Other non-recurring gains (losses)	****	4,461	****		(15,883	)		20,345
Ordinary profits	****	89,564	****		19,605			69,958
Net extraordinary gains (losses)	****	(12	)		(39	)		26
Income before income taxes	****	89,551	****		19,565			69,985
Income taxes-current	****	4,768	****		1,042			3,726
Income taxes-deferred	****	6,246	****		1,753			4,493
Total taxes	****	11,015	****		2,795			8,220
Net income	****	78,536	****		16,770			61,765
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)	****	82	****		1			81
Credit costs for trust accounts	****	—	****		—			—
Provision for general allowance for credit losses	****	(69	)		(61	)		(7	)
Provision for special allowance for credit losses	****	—	****		—			—
Allowance for credit to specific foreign borrowers	****	—	****		—			—
Losses on loans write-offs	****	—	****		—			—
Provision for contingent losses included in credit costs	****	151	****		63			88
Gains on loans written-off	****	1	****		0			0
Losses on sales of other loans, etc.	****	—	****		—			—
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses, excluding net gains (losses) on debt securities	****	76,805	****		21,728			55,076
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation	****	61,193	****		343			60,850

Mitsubishi UFJ Financial Group, Inc.

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

MUFG Consolidated

(after write-offs)

	(in millions of yen)
	As of<br>June 30, 2024			As ofMarch 31, 2024
Bankrupt or De facto Bankrupt	****	288,969	****		239,004
Doubtful	****	1,181,787	****		1,134,503
Special Attention	****	654,347	****		634,023
Accruing loans contractually past due 3 months or more	****	28,132	****		26,869
Restructured loans	****	626,215	****		607,154
Subtotal (A)	****	2,125,103	****		2,007,531
Normal(B)	****	136,265,877	****		130,602,373
Total loans (C=A+B)	****	138,390,981	****		132,609,905
Non-performing loans ratio (A)/(C)	****	1.53	%		1.51	%

BK and TB Combined including Trust Account

(after write-offs)

	(in millions of yen)
	As of<br>June 30, 2024			As ofMarch 31, 2024
Bankrupt or De facto Bankrupt	****	71,488	****		77,265
Doubtful	****	936,081	****		904,052
Special Attention	****	495,794	****		478,331
Accruing loans contractually past due 3 months or more	****	19,961	****		19,163
Restructured loans	****	475,832	****		459,167
Subtotal (A)	****	1,503,365	****		1,459,649
Normal(B)	****	121,539,785	****		116,726,530
Total loans (C=A+B)	****	123,043,150	****		118,186,179
Non-performing loans ratio (A)/(C)	****	1.22	%		1.23	%

BK Non-consolidated

(after write-offs)

	(in millions of yen)
	As of<br>June 30, 2024			As ofMarch 31, 2024
Bankrupt or De facto Bankrupt	****	71,434	****		77,210
Doubtful	****	934,735	****		902,706
Special Attention	****	495,794	****		478,331
Accruing loans contractually past due 3 months or more	****	19,961	****		19,163
Restructured loans	****	475,832	****		459,167
Subtotal (A)	****	1,501,963	****		1,458,248
Normal(B)	****	118,833,056	****		114,178,105
Total loans (C=A+B)	****	120,335,020	****		115,636,353
Non-performing loans ratio (A)/(C)	****	1.24	%		1.26	%

TB Non-consolidated

(after write-offs)

	(in millions of yen)
	As ofJune 30, 2024			As ofMarch 31, 2024
Bankrupt or De facto Bankrupt	****	54	****		54
Doubtful	****	1,346	****		1,346
Special Attention	****	—	****		—
Accruing loans contractually past due 3 months or more	****	—	****		—
Restructured loans	****	—	****		—
Subtotal (A)	****	1,401	****		1,401
Normal(B)	****	2,703,803	****		2,545,305
Total loans (C=A+B)	****	2,705,204	****		2,546,706
Non-performing loans ratio (A)/(C)	****	0.05	%		0.05	%

TB Non-consolidated: Trust Account

(after write-offs)

	(in millions of yen)
	As ofJune 30, 2024		As ofMarch 31, 2024
Bankrupt or De facto Bankrupt	****	—		—
Doubtful	****	—		—
Special Attention	****	—		—
Accruing loans contractually past due 3 months or more	****	—		—
Restructured loans	****	—		—
Subtotal (A)	****	—		—
Normal(B)	****	2,926		3,119
Total loans (C=A+B)	****	2,926		3,119
Non-performing loans ratio (A)/(C)	****	—		—

Mitsubishi UFJ Financial Group, Inc.

3. Securities

MUFG Consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, securitized products in “Monetary claims bought” and others in addition to “Securities”.

	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount on<br>consolidated<br>balance sheet		Unrealized<br>gains (losses)			Amount on<br>consolidated<br>balance sheet		Unrealized<br>gains (losses)
Debt securities being held to maturity	****	24,639,170	****	(441,859	)		24,843,961		(286,447	)
Domestic bonds	****	16,949,130	****	(233,812	)		17,310,411		(107,223	)
Government bonds	****	14,040,964	****	(188,005	)		14,643,055		(90,759	)
Municipal bonds	****	2,099,446	****	(38,356	)		1,999,181		(14,279	)
Short-term corporate bonds	****	—	****	—	****		—		—
Corporate bonds	****	808,719	****	(7,449	)		668,174		(2,184	)
Other	****	7,690,039	****	(208,046	)		7,533,549		(179,224	)
Foreign bonds	****	5,282,703	****	(208,949	)		4,952,083		(176,384	)
Other	****	2,407,335	****	902	****		2,581,465		(2,839	)
	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount on<br>consolidated<br>balance sheet		Unrealized<br>gains (losses)			Amount on<br>consolidated<br>balance sheet		Unrealized<br>gains (losses)
Available-for-sale<br>securities	****	55,310,397	****	2,403,627	****		61,736,341		2,725,841
Domestic equity securities	****	4,937,592	****	3,618,423	****		5,101,691		3,758,884
Domestic bonds	****	20,673,007	****	(177,864	)		25,074,644		(129,949	)
Government bonds	****	17,458,420	****	(90,827	)		21,365,241		(70,791	)
Municipal bonds	****	926,699	****	(13,535	)		1,045,990		(9,573	)
Short-term corporate bonds	****	—	****	—	****		—		—
Corporate bonds	****	2,287,888	****	(73,501	)		2,663,412		(49,584	)
Other	****	29,699,797	****	(1,036,931	)		31,560,005		(903,093	)
Foreign equity securities	****	738,420	****	(21,505	)		709,565		12,752
Foreign bonds	****	19,908,126	****	(1,100,614	)		20,990,483		(997,307	)
Other	****	9,053,250	****	85,189	****		9,859,956		81,461

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, securitized products in “Monetary claims bought” and others in addition to “Securities”.

	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount on<br>balance sheet		Unrealized<br>gains (losses)			Amount on<br>balance sheet		Unrealized<br>gains (losses)
Debt securities being held to maturity	****	22,092,613	****	(413,850	)		22,209,137		(260,977	)
Stocks of subsidiaries and affiliates	****	685,374	****	486,631	****		685,292		563,814
	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount on<br>balance sheet		Unrealized<br>gains (losses)			Amount on<br>balance sheet		Unrealized<br>gains (losses)
Available-for-sale<br>securities	****	38,544,562	****	2,207,170	****		45,454,390		2,491,997
Domestic equity securities	****	4,175,751	****	3,013,239	****		4,310,320		3,134,194
Domestic bonds	****	18,592,899	****	(99,024	)		23,310,014		(71,482	)
Other	****	15,775,911	****	(707,044	)		17,834,055		(570,714	)
Foreign equity securities	****	683,882	****	(37,382	)		669,182		1,235
Foreign bonds	****	8,920,668	****	(622,137	)		10,234,364		(554,058	)
Other	****	6,171,360	****	(47,524	)		6,930,507		(17,891	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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

	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount onbalance sheet		Unrealizedgains (losses)			Amount onbalance sheet		Unrealizedgains (losses)
Debt securities being held to maturity	****	2,546,556	****	(28,008	)		2,634,823		(25,470	)
Stocks of subsidiaries and affiliates	****	21,136	****	(1,545	)		15,136		(1,477	)
	(in millions of yen)
	As of June 30, 2024					As of March 31, 2024
	Amount onbalance sheet		Unrealizedgains (losses)			Amount onbalance sheet		Unrealizedgains (losses)
Available-for-sale<br>securities	****	12,667,073	****	306,292	****		12,453,511		348,078
Domestic equity securities	****	826,512	****	594,154	****		858,572		619,081
Domestic bonds	****	2,069,696	****	(77,405	)		1,746,579		(58,581	)
Other	****	9,770,863	****	(210,456	)		9,848,360		(212,421	)
Foreign equity securities	****	138	****	86	****		126		77
Foreign bonds	****	7,765,570	****	(336,440	)		7,819,817		(306,146	)
Other	****	2,005,154	****	125,897	****		2,028,416		93,647

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated

	(%)
	For the three months<br>ended<br>June 30, 2024		For the three monthsended<br>June 30, 2023
ROE (MUFG basis) *1	****	11.94		13.15
ROE (JPX basis) *2	****	11.18		12.65

Note:

*1	ROE (MUFG basis) is computed as follows:
Profits attributable to<br>owners of parent × 4	×100
---	---
{(Total shareholders’ equity at the beginning of the period + Foreign currency translation adjustments at the<br>beginning of the period) + (Total shareholders’ equity at the end of the period + Foreign currency translation adjustments at the end of the period)} / 2
*2	Japan Exchange Group
---	---

Mitsubishi UFJ Financial Group, Inc.

5. Average Interest Rate Spread

BK and TB Combined

	(percentage per annum)
(Domestic business segment)	For the three months<br>ended<br>June 30, 2024		For the three months<br>ended<br>June 30, 2023
Average interest rate on loans and bills discounted	****	0.82		0.77
Average interest rate on deposits and NCD	****	0.01		0.00
Interest rate spread	****	0.80		0.76
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted	****	0.87		0.79
Interest rate spread	****	0.86		0.79

BK Non-consolidated

	(percentage per annum)
(Domestic business segment)	For the three months<br>ended<br>June 30, 2024		For the three months<br>ended<br>June 30, 2023
Average interest rate on loans and bills discounted	****	0.82		0.77
Average interest rate on deposits and NCD	****	0.01		0.00
Interest rate spread	****	0.81		0.77
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted	****	0.88		0.79
Interest rate spread	****	0.86		0.79

TB Non-consolidated

	(percentage per annum)
(Domestic business segment)	For the three months<br>ended<br>June 30, 2024		For the three months<br>ended<br>June 30, 2023
Average interest rate on loans and bills discounted	****	0.64		0.55
Average interest rate on deposits and NCD	****	0.05		0.01
Interest rate spread	****	0.59		0.53
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted	****	0.74		0.71
Interest rate spread	****	0.68		0.69

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BK and TB Combined

	(in millions of yen)
	As of<br>June 30, 2024		As ofMarch 31, 2024
Deposits (ending balance)	****	216,185,916		212,813,930
Deposits (average balance)	****	220,080,543		210,432,802
Loans (ending balance)	****	110,893,207		105,665,210
Loans (average balance)	****	111,598,183		106,241,940
	(in millions of yen)
	As of<br>June 30, 2024		As of<br>March 31, 2024
Domestic deposits (ending balance)*	****	179,262,228		176,277,713
Individuals	****	93,897,872		92,726,562

Note:

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

BK Non-consolidated

	(in millions of yen)
	As of<br>June 30, 2024		As ofMarch 31, 2024
Deposits (ending balance)	****	202,671,017		200,064,588
Deposits (average balance)	****	206,171,143		198,236,443
Loans (ending balance)	****	108,533,851		103,444,984
Loans (average balance)	****	109,291,416		103,937,886
	(in millions of yen)
	As of<br>June 30, 2024		As ofMarch 31, 2024
Domestic deposits (ending balance)*	****	167,776,095		165,845,921
Individuals	****	87,874,813		86,762,670

Note:

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

TB Non-consolidated

	(in millions of yen)
	As ofJune 30, 2024		As ofMarch 31, 2024
Deposits (ending balance)	****	13,514,899		12,749,342
Deposits (average balance)	****	13,909,399		12,196,358
Loans (ending balance)	****	2,359,356		2,220,225
Loans (average balance)	****	2,306,766		2,304,054
	(in millions of yen)
	As of<br>June 30, 2024		As of<br>March 31, 2024
Domestic deposits (ending balance)*	****	11,486,132		10,431,792
Individuals	****	6,023,059		5,963,892

Note:

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

Mitsubishi UFJ Financial Group, Inc.

7.	Statements of Trust Assets and Liabilities

TB Non-consolidated

Including trust assets under service-shared co-trusteeship

(in millions of yen)	As of March 31, 2024
Assets:
Loans and bills discounted		1,569,969	1,385,976
Securities		80,134,164	79,193,372
Beneficiary rights to the trust		145,116,404	151,244,738
Securities held in custody accounts		3,886,180	3,750,154
Monetary claims		34,138,163	34,310,899
Tangible fixed assets		22,750,084	23,337,389
Intangible fixed assets		186,122	196,622
Other claims		3,312,930	3,551,563
Call loans		4,455,397	4,177,008
Due from banking account		6,170,680	4,729,054
Cash and due from banks		6,181,323	7,042,576
Total		307,901,420	312,919,355
Liabilities:
Money trusts		37,371,516	35,030,348
Pension trusts		12,760,480	12,594,662
Property formation benefit trusts		5,738	5,528
Investment trusts		145,025,458	150,024,421
Money entrusted other than money trusts		7,167,100	7,403,766
Securities trusts		6,145,365	6,111,619
Monetary claim trusts		29,767,810	29,760,019
Equipment trusts		226,799	275,226
Land and fixtures trusts		18,425	18,367
Composite trusts		69,412,725	71,695,395
Total		307,901,420	312,919,355
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 26,247 millions of yen as of March 31, 2024 and 35,454 millions of yen as of June 30, 2024, respectively.