MUFG 0001193125-24-257914 6-K Filing: Nov 14, 2024

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 November 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: November 14, 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 six months ended September 30, 2024

November 14, 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, Head of Financial Accounting and<br>Reporting,
		Financial Accounting Office, Financial Planning Division
		TEL<br>+81-50-3613-1179
Semi-annual securities report issuing date:		November 29, 2024		Dividend payment date:		December 5, 2024
---	---	---	---	---	---	---
Trading accounts:		Established
Supplemental information for financial statements:		Available
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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, 2024

(1)	Results of Operations
		(% represents the change from the same period in the previous fiscal year)
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		Ordinary Income						Ordinary Profits						Profits Attributable toOwners of Parent
		million yen			%			million yen			%			million yen			%
For the six months ended
September 30, 2024			6,860,277			21.1			1,756,926			37.3			1,258,195			35.7
September 30, 2023			5,665,663			31.3			1,279,907			116.5			927,281			301.3
(*)	Comprehensive income
---	---

September 30, 2024: 1,321,798 million yen, (14.8) % ; September 30, 2023: 1,551,605 million yen, 415.2 %

		Basic earnings<br>per share			Diluted earnings<br>per share
		yen			yen
For the six months ended
September 30, 2024			107.69			107.57
September 30, 2023			77.11			76.89
(2)	Financial Conditions
---	---
		Total Assets			Total NetAssets			*Equity-to-assetratio ()**
---	---	---	---	---	---	---	---	---	---
		million yen			million yen			%
As of
September 30, 2024			399,058,344			21,678,586			5.1
March 31, 2024			403,703,147			20,746,978			4.9

(Reference) Shareholders’ equity as of September 30, 2024: 20,469,922 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
		1stquarter-end		2ndquarter-end		3rdquarter-end		Fiscalyear-end		Total
		yen		yen		yen		yen		yen
For the fiscal year
ended March 31, 2024			—		20.50		—		20.50		41.00
ending March 31, 2025			—		25.00
ending March 31, 2025 (Forecast)							—		35.00		60.00
(*)	Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : Yes<br>
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3. Earnings Target for the Fiscal Year ending March 31, 2025 (Consolidated)

MUFG has an earning target of 1,750.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2025. (There is a 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)	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

(3)	Number of common stocks outstanding at the end of the period
(A) Total stocks outstanding including treasury stocks:		September 30, 2024		12,337,710,920 shares
---	---	---	---	---
		March 31, 2024		12,337,710,920 shares
(B) Treasury stocks:		September 30, 2024		672,444,452 shares
		March 31, 2024		611,522,914 shares
(C) Average outstanding of total stocks:		Six months ended September 30, 2024		11,683,338,019 shares
		Six months ended September 30, 2024		12,024,763,019 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<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. We will<br>publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.
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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. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.

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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 Policies		8
(5) Notes on Going-Concern Assumption		9
(6) Additional Information		9

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Six Months Ended September 30, 2024”

(*) 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, 2024 (Thursday)

Explanation for investors and analysts: November 18, 2024 (Monday)

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

(in millions of yen)
Assets:
Cash and due from banks	109,875,097		108,002,412
Call loans and bills bought	720,879		880,404
Receivables under resale agreements	18,367,908		18,595,220
Receivables under securities borrowing transactions	5,010,399		5,532,131
Monetary claims bought	7,786,978		6,517,291
Trading assets	20,886,546		22,492,970
Money held in trust	1,270,815		1,117,384
Securities	86,878,589		81,537,226
Loans and bills discounted	116,825,660		120,588,293
Foreign exchanges	2,496,308		1,876,166
Other assets	17,912,498		16,122,842
Tangible fixed assets	1,229,007		1,228,738
Intangible fixed assets	1,671,372		1,956,766
Net defined benefit assets	1,982,502		2,030,364
Deferred tax assets	156,673		140,991
Customers’ liabilities for acceptances and guarantees	12,167,164		11,874,113
Allowance for credit losses	(1,535,253	)	(1,434,973	)

Total assets	403,703,147		399,058,344

Liabilities:
Deposits	224,035,035		222,446,306
Negotiable certificates of deposit	16,555,451		17,398,159
Call money and bills sold	5,125,583		5,065,427
Payables under repurchase agreements	35,482,072		37,485,066
Payables under securities lending transactions	1,047,194		627,742
Commercial papers	3,105,779		3,328,924
Trading liabilities	16,729,760		15,875,166
Borrowed money	25,955,961		24,581,231
Foreign exchanges	3,465,919		3,670,774
Short-term bonds payable	1,211,769		1,381,421
Bonds payable	16,303,298		14,420,202
Due to trust accounts	7,387,495		5,276,301
Other liabilities	13,312,715		13,019,617
Reserve for bonuses	243,372		158,978
Reserve for bonuses to directors	2,629		2,098
Reserve for stocks payment	13,331		8,373
Net defined benefit liabilities	102,155		107,873
Reserve for retirement benefits to directors	822		761
Reserve for loyalty award credits	17,809		8,306
Reserve for contingent losses	133,860		121,350
Reserves under special laws	5,058		5,345
Deferred tax liabilities	465,295		431,981
Deferred tax liabilities for land revaluation	86,631		84,233
Acceptances and guarantees	12,167,164		11,874,113

Total liabilities	382,956,169		377,379,757

Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)
Net assets:
Capital stock	2,141,513		2,141,513
Capital surplus	83,623		76,805
Retained earnings	13,791,608		14,820,920
Treasury stock	(613,823	)	(722,917	)

Total shareholders’ equity	15,402,921		16,316,321

Net unrealized gains (losses) on<br>available-for-sale securities	1,534,094		1,355,221
Net deferred gains (losses) on hedging instruments	(687,476	)	(844,830	)
Land revaluation excess	133,967		128,032
Foreign currency translation adjustments	2,762,818		3,087,741
Remeasurements of defined benefit plans	507,085		483,599
Debt value adjustments of foreign subsidiaries and affiliates	(65,435	)	(57,781	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates	—		1,616

Total accumulated other comprehensive income	4,185,052		4,153,600

Subscription rights to shares	0		6
Non-controlling interests	1,159,003		1,208,657

Total net assets	20,746,978		21,678,586

Total liabilities and net assets	403,703,147		399,058,344

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	5,665,663	6,860,277
Interest income	3,532,387	4,357,421
Interest on loans and bills discounted	1,899,955	2,158,474
Interest and dividends on securities	684,598	819,014
Trust fees	67,414	70,771
Fees and commissions	961,227	1,117,642
Trading income	186,222	227,068
Other operating income	374,268	287,483
Other ordinary income	544,143	799,889
Ordinary expenses	4,385,755	5,103,351
Interest expenses	2,302,876	2,848,886
Interest on deposits	900,318	1,091,459
Fees and commissions	179,900	209,638
Other operating expenses	151,498	90,050
General and administrative expenses	1,425,035	1,576,576
Other ordinary expenses	326,444	378,200

Ordinary profits	1,279,907	1,756,926

Extraordinary gains	9,725	9,549
Gains on disposition of fixed assets	9,725	9,549
Extraordinary losses	52,539	24,625
Losses on disposition of fixed assets	6,343	4,447
Losses on impairment of fixed assets	23,778	16,868
Provision for reserve for contingent liabilities from financial instruments transactions	359	286
Losses on sales of shares of subsidiaries	—	3,023
Losses on change in equity	22,058	—

Profits before income taxes	1,237,093	1,741,849

Income taxes-current	197,629	259,670
Income taxes-deferred	77,293	169,539

Total taxes	274,923	429,210

Profits	962,170	1,312,639

Profits attributable to non-controlling interests	34,888	54,444

Profits attributable to owners of parent	927,281	1,258,195

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income

(in millions of yen)
Profits	962,170		1,312,639
Other comprehensive income
Net unrealized gains (losses) on<br>available-for-sale securities	(152,983	)	(210,521	)
Net deferred gains (losses) on hedging instruments	(232,733	)	(151,311	)
Foreign currency translation adjustments	637,119		529,149
Remeasurements of defined benefit plans	(15,179	)	(23,603	)
Net unrealized gains (losses) on loans of foreign subsidiaries and affiliates	—		2,103
Share of other comprehensive income of associates accounted for using equity method	353,212		(136,657	)

Total other comprehensive income	589,435		9,158

Comprehensive income	1,551,605		1,321,798

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent	1,482,366		1,234,573
Comprehensive income attributable to non-controlling<br>interests	69,238		87,224

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets

For the six months ended September 30, 2023

(in millions of yen)

	Shareholders’ equity														Accumulated othercomprehensive income
	Capitalstock		Capitalsurplus			Retainedearnings			Treasurystock			Totalshareholders’equity			Net unrealizedgains (losses) onavailable-for-sale<br>securities			Net deferred<br>gains (losses)on hedging<br>instruments
Balance at the beginning of the period		2,141,513		349,661			12,739,228			(481,091	)		14,749,310			800,955			(387,079	)
Changes during the period
Cash dividends							(192,859	)					(192,859	)
Profits attributable to owners of parent							927,281						927,281
Repurchase of treasury stock										(16	)		(16	)
Disposal of treasury stock				0						1,663			1,663
Reversal of land revaluation excess							1,422						1,422
Changes in subsidiaries’ equity				(1,239	)								(1,239	)
Net changes of items other than shareholders’ equity																(163,669	)		(231,418	)
Total changes during the period		—		(1,239	)		735,843			1,647			736,251			(163,669	)		(231,418	)

Balance at the end of the period		2,141,513		348,421			13,475,072			(479,444	)		15,485,562			637,286			(618,497	)

	Accumulated other comprehensive income													Non-controllinginterests		Total netassets
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Landrevaluationexcess			Foreigncurrencytranslation<br>adjustments		Remeasurementsof definedbenefit plans			Debt value<br>adjustmentsof foreign<br>subsidiariesand<br>affiliates			Totalaccumulatedother<br>comprehensiveincome
Balance at the beginning of the period		135,526			1,792,840		140,485			(747	)		2,481,980		1,041,565		18,272,857
Changes during the period
Cash dividends																	(192,859	)
Profits attributable to owners of parent																	927,281
Repurchase of treasury stock																	(16	)
Disposal of treasury stock																	1,663
Reversal of land revaluation excess																	1,422
Changes in subsidiaries’ equity																	(1,239	)
Net changes of items other than shareholders’ equity		(1,422	)		998,321		(14,967	)		(33,181	)		553,663		53,243		606,907
Total changes during the period		(1,422	)		998,321		(14,967	)		(33,181	)		553,663		53,243		1,343,158

Balance at the end of the period		134,104			2,791,161		125,517			(33,928	)		3,035,644		1,094,809		19,616,016

Mitsubishi UFJ Financial Group, Inc.

For the six months ended September 30, 2024

(in millions of yen)

		Shareholders’ equity															Accumulated other comprehensiveincome
		Capitalstock			Capitalsurplus			Retainedearnings			Treasurystock			Totalshareholders’equity			Net unrealizedgains (losses) onavailable-for-sale<br>securities			Net deferred<br>gains (losses) onhedging<br>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																Subscriptionrights to<br>shares		Non-controllinginterests		Total netassets
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Landrevaluationexcess			Foreigncurrencytranslationadjustments		Remeasurementsof definedbenefit plans			Debt valueadjustmentsof foreign<br>subsidiariesand affiliates			Netunrealized<br>gains (losses)on loans offoreign<br>subsidiaries<br>and affiliates		Totalaccumulatedother<br>comprehensiveincome
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

Mitsubishi UFJ Financial Group, Inc.

(4) 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 six months ended September 30, 2024.

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

As a result, at the beginning of the six months ended September 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 Bank of Ayudhya Public Company Limited (“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 six months ended September 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 “(6) 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.

(5) Notes on Going-Concern Assumption

None.

(6) 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 six months ended September 30, 2024.

Accordingly, for the six months ended September 30, 2024, Krungsri’s financial results for the nine-month period from January 1, 2024 to September 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 ¥227,052 million, ordinary profits were ¥37,660 million, and profits before income taxes were ¥37,457 million.

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 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 Consolidated][BK Non-consolidated]<br><br><br>[TB Consolidated][TB Non-consolidated]	1
2. Average Interest Rate Spread	[BK Non-consolidated][TB Non-consolidated]<br><br><br>[BK and TB Combined]	7
3. Notional Principal by the Remaining Life of the Interest Rate Swaps forHedge-Accounting	[MUFG Consolidated][BK Consolidated][TB Consolidated]	8
4. Securities	[MUFG Consolidated]<br> <br>[BK Non-consolidated] [TB Non-consolidated]	9
5. ROE	[MUFG Consolidated]	12
6. Risk-Adjusted Capital Ratio	[MUFG Consolidated][BK Consolidated][TB Consolidated]<br><br><br>[BK Non-consolidated][TB Non-consolidated]	13
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]<br><br><br>[BK Non-consolidated][TB Non-consolidated]<br><br><br>[TB Non-consolidated : Trust Account]	14
8. Progress in Disposition of Problem Assets	[BK Non-consolidated]<br><br><br>[TB Non-consolidated including Trust Account]	20
9. Loans Classified by Type of Industry	[BK and TB Combined including Trust Accounts]<br><br><br>[BK Non-consolidated][TB Non-consolidated]<br><br><br>[TB Non-consolidated : Trust Accounts]	22
10. Domestic Consumer Loans, Domestic Loans toSmall/Medium-Sized Companies and Proprietors	[BK Non-consolidated]<br><br><br>[TB Non-consolidated including Trust Account]	26
11. Overseas Loans	[BK Consolidated excl. KS, BDI]56	27
12. Loans and Deposits	[BK and TB Combined]<br> <br>[BK Non-consolidated][TB Non-consolidated]	28
13. Domestic Deposits	[BK and TB Combined]<br> <br>[BK Non-consolidated][TB Non-consolidated]	29
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.
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(*2)	“BK” means MUFG Bank, Ltd.
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(*3)	“TB” means Mitsubishi UFJ Trust and Banking Corporation.
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(*4)	“BK and TB Combined” means simple sum of “BK” and “TB” without consolidation<br>processes.
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(*5)	“KS” means Bank of Ayudhya Public Company Limited.
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(*6)	“BDI” means PT Bank Danamon Indonesia, Tbk.
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Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated

	(in millions of yen)
	For the six months ended						Increase<br>(Decrease)<br>(A) - (B)
	September 30, 2024 (A)			September 30, 2023 (B)
Gross profits	****	2,911,854	****		2,487,420			424,433
Gross profits before credit costs for trust accounts	****	2,911,851	****		2,487,419			424,431
Net interest income	****	1,508,577	****		1,229,687			278,890
Trust fees	****	70,771	****		67,414			3,357
Credit costs for trust accounts (1)	****	2	****		0			2
Net fees and commissions	****	908,004	****		781,327			126,676
Net trading profits	****	227,068	****		186,222			40,846
Net other operating profits	****	197,432	****		222,769			(25,336	)
Net gains (losses) on debt securities	****	2,386	****		(49,802	)		52,189
General and administrative expenses	****	1,606,497	****		1,401,632			204,864
Amortization of goodwill	****	18,388	****		9,542			8,846
Net operating profits before credit costs for trust accounts, provision for general allowance for<br>credit losses and amortization of goodwill	****	1,323,742	****		1,095,329			228,412
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses	****	1,305,354	****		1,085,787			219,566
Provision for general allowance for credit losses (2)	****	73,833	****		(121,516	)		195,350
Net operating profits*	****	1,379,190	****		964,271			414,919
Net non-recurring gains (losses)	****	377,735	****		315,636			62,099
Credit costs (3)	****	(318,318	)		(109,791	)		(208,526	)
Losses on loan write-offs	****	(137,920	)		(75,970	)		(61,949	)
Provision for specific allowance for credit losses	****	(186,816	)		(33,832	)		(152,984	)
Other credit costs	****	6,418	****		10			6,407
Reversal of allowance for credit losses (4)	****	—	****		—			—
Reversal of reserve for contingent losses included in credit costs (5)	****	688	****		—			688
Gains on loans written-off (6)	****	58,022	****		50,080			7,941
Net gains (losses) on equity securities	****	363,984	****		130,377			233,607
Gains on sales of equity securities	****	400,208	****		143,104			257,104
Losses on sales of equity securities	****	(20,477	)		(8,458	)		(12,019	)
Losses on write-down of equity securities	****	(15,745	)		(4,268	)		(11,477	)
Equity in earnings of equity method investees	****	257,138	****		305,305			(48,167	)
Other non-recurring gains (losses)	****	16,219	****		(60,335	)		76,555

Ordinary profits	****	1,756,926	****		1,279,907			477,018

Net extraordinary gains (losses)	****	(15,076	)		(42,813	)		27,737
Net gains (losses) on disposition of fixed assets	****	5,102	****		3,382			1,719
Losses on impairment of fixed assets	****	(16,868	)		(23,778	)		6,909
Losses on sales of shares of subsidiaries	****	(3,023	)		—			(3,023	)
Losses on change in equity	****	—	****		(22,058	)		22,058
Profits before income taxes	****	1,741,849	****		1,237,093			504,756
Income taxes-current	****	259,670	****		197,629			62,040
Income taxes-deferred	****	169,539	****		77,293			92,246
Total taxes	****	429,210	****		274,923			154,286
Profits	****	1,312,639	****		962,170			350,469
Profits attributable to non-controlling interests	****	54,444	****		34,888			19,556

Profits attributable to owners of parent	****	1,258,195	****		927,281			330,913

Note:
* Net operating profits = Banking subsidiaries’ net<br>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<br>goodwill - Inter-company transactions
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)	****	(185,771	)		(181,227	)		(4,543	)
Number of consolidated subsidiaries	****	340	****		252			88
Number of affiliated companies accounted for under the equity method	****	56	****		46			10

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined

	(in millions of yen)
	For the six months ended						Increase (Decrease)<br>(A) - (B)
	September 30, 2024<br>(A)			September 30, 2023<br>(B)
Gross profits	****	1,563,040	****		1,509,794			53,245
Gross profits before credit costs for trust accounts	****	1,563,037	****		1,509,794			53,243
Domestic gross profits	****	752,364	****		706,634			45,730
Net interest income	****	483,409	****		433,339			50,069
Trust fees	****	61,807	****		58,464			3,343
Credit costs for trust accounts (1)	****	2	****		0			2
Net fees and commissions	****	186,900	****		158,850			28,049
Net trading profits	****	3,297	****		(22,760	)		26,057
Net other operating profits	****	16,949	****		78,740			(61,790	)
Net gains (losses) on debt securities	****	(1,684	)		(16,713	)		15,029
Non-domestic gross profits	****	810,675	****		803,160			7,515
Net interest income	****	421,752	****		453,182			(31,430	)
Net fees and commissions	****	185,630	****		191,481			(5,851	)
Net trading profits	****	29,334	****		42,594			(13,259	)
Net other operating profits	****	173,958	****		115,901			58,056
Net gains (losses) on debt securities	****	6,539	****		(32,939	)		39,478
General and administrative expenses	****	757,174	****		747,217			9,956
Personnel expenses	****	323,196	****		310,508			12,687
Non-personnel expenses	****	393,404	****		401,264			(7,859	)
Taxes	****	40,572	****		35,443			5,128
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses	****	805,863	****		762,577			43,286
Provision for general allowance for credit losses (2)	****	(39	)		(103,961	)		103,921
Net operating profits	****	805,826	****		658,616			147,209
Net non-recurring gains (losses)	****	385,879	****		137,043			248,836
Credit costs (3)	****	(6,536	)		26,455			(32,991	)
Reversal of allowance for credit losses (4)	****	18,486	****		—			18,486
Reversal of reserve for contingent losses included in credit costs (5)	****	1,104	****		—			1,104
Gains on loans written-off (6)	****	7,083	****		12,780			(5,696	)
Net gains (losses) on equity securities	****	351,128	****		125,514			225,613
Gains on sales of equity securities	****	386,979	****		138,804			248,174
Losses on sales of equity securities	****	(18,703	)		(10,119	)		(8,583	)
Losses on write-down of equity securities	****	(17,147	)		(3,170	)		(13,976	)
Other non-recurring gains (losses)	****	14,613	****		(27,706	)		42,320

Ordinary profits	****	1,191,705	****		795,659			396,046

Net extraordinary gains (losses)	****	(11,065	)		(3,123	)		(7,941	)
Net gains (losses) on disposition of fixed assets	****	5,194	****		2,225			2,969
Losses on impairment of fixed assets	****	(14,599	)		(14,634	)		34
Gains on extinguishment of tie-in shares	****	219	****		4,319			(4,100	)
Losses on sales of shares of subsidiaries	****	(1,879	)		—			(1,879	)
Gains on sales of shares of subsidiaries	****	—	****		4,863			(4,863	)
Income before income taxes	****	1,180,640	****		792,535			388,104
Income taxes-current	****	191,606	****		140,866			50,740
Income taxes-deferred	****	108,829	****		15,176			93,652
Total taxes	****	300,436	****		156,043			144,393

Net income	****	880,204	****		636,492			243,711

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)	****	20,100	****		(64,724	)		84,825
Credit costs for trust accounts	****	2	****		0			2
Provision for general allowance for credit losses	****	63,469	****		(103,961	)		167,430
Provision for special allowance for credit losses	****	(52,249	)		40,272			(92,521	)
Allowance for credit to specific foreign borrowers	****	7,135	****		1,143			5,991
Losses on loans write-offs	****	(5,450	)		(12,711	)		7,260
Provision for contingent losses included in credit costs	****	1,104	****		(2,718	)		3,822
Gains on loans written-off	****	7,083	****		12,780			(5,696	)
Losses on sales of other loans, etc.	****	(994	)		469			(1,463	)
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	****	801,008	****		812,230			(11,221	)
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	****	698,110	****		719,834			(21,723	)

Mitsubishi UFJ Financial Group, Inc.

BK Consolidated

	(in millions of yen)
	For the six months ended						Increase (Decrease)<br>(A) - (B)
	September 30, 2024 (A)			September 30, 2023 (B)
Gross profits	****	2,161,755	****		1,802,037			359,718
Net interest income	****	1,345,408	****		1,065,638			279,770
Net fees and commissions	****	494,510	****		433,771			60,739
Net trading profits	****	50,875	****		113,984			(63,108	)
Net other operating profits	****	270,961	****		188,644			82,317
Net gains (losses) on debt securities	****	(5,454	)		(31,124	)		25,669
General and administrative expenses	****	1,083,435	****		913,370			170,064
Amortization of goodwill	****	8,375	****		2,917			5,457
Net operating profits before provision for general allowance for credit losses and amortization of<br>goodwill	****	1,086,696	****		891,584			195,111
Net operating profits before provision for general allowance for credit losses	****	1,078,320	****		888,667			189,653
Provision for general allowance for credit losses (1)	****	77,142	****		(118,145	)		195,288
Net operating profits*	****	1,155,463	****		770,521			384,942
Net non-recurring gains (losses)	****	84,334	****		71,070			13,264
Credit costs (2)	****	(253,532	)		(54,663	)		(198,868	)
Losses on loan write-offs	****	(86,201	)		(33,726	)		(52,474	)
Provision for specific allowance for credit losses	****	(173,748	)		(20,947	)		(152,800	)
Other credit costs	****	6,416	****		10			6,406
Reversal of allowance for credit losses (3)	****	—	****		—			—
Reversal of reserve for contingent losses included in credit costs (4)	****	354	****		—			354
Gains on loans written-off (5)	****	44,119	****		36,848			7,271
Net gains (losses) on equity securities	****	249,263	****		104,305			144,957
Gains on sales of equity securities	****	283,500	****		116,523			166,977
Losses on sales of equity securities	****	(18,199	)		(9,413	)		(8,785	)
Losses on write-down of equity securities	****	(16,037	)		(2,803	)		(13,234	)
Equity in earnings of equity method investees	****	26,261	****		22,320			3,941
Other non-recurring gains (losses)	****	17,866	****		(37,741	)		55,607

Ordinary profits	****	1,239,798	****		841,591			398,206

Net extraordinary gains (losses)	****	3,048	****		(20,107	)		23,155
Net gains (losses) on disposition of fixed assets	****	5,010	****		2,040			2,970
Losses on impairment of fixed assets	****	(1,962	)		(22,147	)		20,184
Profits before income taxes	****	1,242,846	****		821,484			421,361
Income taxes-current	****	199,625	****		157,114			42,510
Income taxes-deferred	****	128,637	****		47,803			80,834
Total taxes	****	328,262	****		204,917			123,344
Profits	****	914,583	****		616,567			298,016
Profits attributable to non-controlling interests	****	26,275	****		13,026			13,248

Profits attributable to owners of parent	****	888,308	****		603,540			284,767

Note:
* Net operating profits = Net operating profits of BK + Other<br>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)	****	(131,915	)		(135,960	)		4,045
Number of consolidated subsidiaries	****	113	****		113			—
Number of affiliated companies accounted for under the equity method	****	48	****		41			7

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

	(in millions of yen)
	For the six months ended						Increase (Decrease)<br>(A) - (B)
	September 30, 2024 (A)			September 30, 2023 (B)
Gross profits	****	1,340,843	****		1,341,105			(262	)
Domestic gross profits	****	562,881	****		551,583			11,297
Net interest income	****	409,186	****		406,622			2,564
Net fees and commissions	****	133,373	****		116,057			17,316
Net trading profits	****	3,006	****		1,526			1,480
Net other operating profits	****	17,314	****		27,377			(10,063	)
Net gains (losses) on debt securities	****	(2,120	)		(15,637	)		13,516
Non-domestic gross profits	****	777,961	****		789,522			(11,560	)
Net interest income	****	398,121	****		404,853			(6,732	)
Net fees and commissions	****	185,819	****		191,033			(5,213	)
Net trading profits	****	29,189	****		65,037			(35,848	)
Net other operating profits	****	164,831	****		128,597			36,233
Net gains (losses) on debt securities	****	(1,376	)		(15,345	)		13,968
General and administrative expenses	****	654,949	****		641,831			13,117
Personnel expenses	****	290,379	****		275,638			14,741
Non-personnel expenses	****	328,609	****		335,372			(6,763	)
Amortization of goodwill	****	1,749	****		1,906			(157	)
Taxes	****	35,960	****		30,821			5,138
Net operating profits before provision for general allowance for credit losses and amortization of<br>goodwill	****	687,643	****		701,180			(13,537	)
Net operating profits before provision for general allowance for credit losses	****	685,893	****		699,273			(13,380	)
Provision for general allowance for credit losses (1)	****	—	****		(103,849	)		103,849
Net operating profits	****	685,893	****		595,423			90,469
Net non-recurring gains (losses)	****	273,900	****		130,114			143,786
Credit costs (2)	****	(6,446	)		26,582			(33,028	)
Reversal of allowance for credit losses (3)	****	18,486	****		—			18,486
Reversal of reserve for contingent losses included in credit costs (4)	****	770	****		—			770
Gains on loans written-off (5)	****	7,080	****		12,780			(5,699	)
Net gains (losses) on equity securities	****	248,770	****		103,406			145,363
Gains on sales of equity securities	****	280,187	****		114,001			166,186
Losses on sales of equity securities	****	(16,420	)		(9,238	)		(7,181	)
Losses on write-down of equity securities	****	(14,997	)		(1,355	)		(13,641	)
Other non-recurring gains (losses)	****	5,240	****		(12,655	)		17,895

Ordinary profits	****	959,794	****		725,537			234,256

Net extraordinary gains (losses)	****	4,202	****		(1,776	)		5,978
Net gains (losses) on disposition of fixed assets	****	5,059	****		2,079			2,979
Losses on impairment of fixed assets	****	(1,075	)		(13,039	)		11,963
Gains on extinguishment of tie-in shares	****	219	****		4,319			(4,100	)
Gains on sales of shares of subsidiaries	****	—	****		4,863			(4,863	)
Income before income taxes	****	963,997	****		723,761			240,235
Income taxes-current	****	155,314	****		121,227			34,086
Income taxes-deferred	****	93,929	****		17,431			76,497
Total taxes	****	249,243	****		138,658			110,584

Net income	****	714,753	****		585,102			129,650

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)	****	19,890	****		(64,487	)		84,377
Provision for general allowance for credit losses	****	63,509	****		(103,849	)		167,359
Provision for special allowance for credit losses	****	(52,158	)		40,272			(92,430	)
Allowance for credit to specific foreign borrowers	****	7,135	****		1,143			5,991
Losses on loans write-off	****	(5,450	)		(12,710	)		7,259
Provision for contingent losses included in credit costs	****	770	****		(2,592	)		3,362
Gains on loans written-off	****	7,080	****		12,780			(5,699	)
Losses on sales of other loans, etc.	****	(995	)		469			(1,464	)
Net operating profits before provision for general allowance for credit losses, excluding net<br>gains (losses) on debt securities	****	689,391	****		730,256			(40,865	)
Net operating profits before provision for general allowance for credit losses, excluding net<br>gains (losses) on debt securities and investment trusts cancellation	****	604,765	****		689,204			(84,438	)

Mitsubishi UFJ Financial Group, Inc.

TB Consolidated

	(in millions of yen)
	For the six months ended						Increase (Decrease)<br>(A) - (B)
	September 30, 2024 (A)			September 30, 2023 (B)
Gross profits	****	320,526	****		310,460			10,066
Gross profits before credit costs for trust accounts	****	320,524	****		310,460			10,064
Trust fees	****	70,942	****		67,604			3,337
Trust fees before credit costs for trust accounts	****	70,939	****		67,603			3,335
Money trusts fees (Jointly operated designated money trusts before credit costs for trust<br>account)	****	4,857	****		7,902			(3,044	)
Other trust fees	****	66,081	****		59,700			6,380
Credit costs for trust accounts (1)	****	2	****		0			2
Net interest income	****	60,491	****		74,052			(13,560	)
Net fees and commissions	****	172,158	****		165,428			6,729
Net trading profits	****	1,859	****		(45,285	)		47,144
Net other operating profits	****	15,075	****		48,660			(33,584	)
Net gains (losses) on debt securities	****	8,351	****		(18,698	)		27,050
General and administrative expenses	****	233,396	****		221,961			11,435
Amortization of goodwill	****	9,925	****		6,623			3,302
Net operating profits before credit costs for trust accounts, provision for general allowance for<br>credit losses and amortization of goodwill	****	97,053	****		95,122			1,931
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses	****	87,127	****		88,498			(1,371	)
Provision for general allowance for credit losses (2)	****	55	****		(138	)		194
Net operating profits*	****	87,186	****		88,360			(1,174	)
Net non-recurring gains (losses)	****	110,369	****		6,182			104,186
Credit costs (3)	****	(70	)		8			(78	)
Losses on loan write-offs	****	(1	)		(1	)		0
Provision for specific allowance for credit losses	****	(70	)		10			(80	)
Other credit costs	****	1	****		—			1
Reversal of allowance for credit losses (4)	****	—	****		—			—
Reversal of reserve for contingent losses included in credit costs (5)	****	333	****		—			333
Gains on loans written-off (6)	****	76	****		2			73
Net gains (losses) on equity securities	****	102,350	****		22,362			79,987
Gains on sales of equity securities	****	106,843	****		24,803			82,040
Losses on sales of equity securities	****	(2,282	)		(880	)		(1,402	)
Losses on write-down of equity securities	****	(2,210	)		(1,559	)		(650	)
Equity in earnings of equity method investees	****	843	****		1,788			(944	)
Other non-recurring gains (losses)	****	6,836	****		(17,979	)		24,815

Ordinary profits	****	197,556	****		94,543			103,012

Net extraordinary gains (losses)	****	(15,818	)		(194	)		(15,623	)
Net gains (losses) on disposition of fixed assets	****	732	****		1,436			(704	)
Losses on impairment of fixed assets	****	(13,527	)		(1,631	)		(11,896	)
Losses on sales of shares of subsidiaries	****	(3,023	)		—			(3,023	)
Profits before income taxes	****	181,737	****		94,348			87,388
Income taxes-current	****	42,963	****		29,339			13,624
Income taxes-deferred	****	15,694	****		(1,758	)		17,452
Total taxes	****	58,658	****		27,581			31,076
Profits	****	123,079	****		66,767			56,311
Profits attributable to non-controlling interests	****	134	****		194			(59	)

Profits attributable to owners of parent	****	122,945	****		66,573			56,371

Note:
* Net operating profits = Net operating profits of TB + Other<br>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)	****	398	****		(127	)		525
Number of consolidated subsidiaries	****	195	****		107			88
Number of affiliated companies accounted for under the equity method	****	6	****		4			2
TB Consolidated (combined operating results of TB and transferred entities to MUAH in<br>the United States)<br> <br>TB transferred the interests in its subsidiaries in the United States to MUAH in United States<br>which are owned by BK and MUFG.<br> <br>The combined operating results of TB and transferred entities are as follows (the operating results of transferred entities<br>are prepared for managerial accounting purpose):
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses	****	89,356	****		89,893			(537	)
Profits attributable to owners of parent	****	124,592	****		67,574			57,018
Number of the entities transferred to MUAH	****	4	****		4			—

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

	(in millions of yen)
	For the six months ended						Increase (Decrease)<br>(A) - (B)
	September 30, 2024(A)			September 30, 2023(B)
Gross profits	****	222,197	****		168,688			53,508
Gross profits before credit costs for trust accounts	****	222,194	****		168,688			53,505
Domestic gross profits	****	189,483	****		155,050			34,432
Trust fees	****	61,807	****		58,464			3,343
Trust fees before credit costs for trust accounts	****	61,804	****		58,463			3,341
Money trusts fees (Jointly operated designated money trusts before credit costs for trust<br>account)	****	4,857	****		7,902			(3,044	)
Other trust fees	****	56,946	****		50,560			6,386
Credit costs for trust accounts (1)	****	2	****		0			2
Net interest income	****	74,222	****		26,716			47,505
Net fees and commissions	****	53,526	****		42,793			10,732
Net trading profits	****	290	****		(24,286	)		24,577
Net other operating profits	****	(364	)		51,363			(51,727	)
Net gains (losses) on debt securities	****	436	****		(1,076	)		1,512
Non-domestic gross profits	****	32,714	****		13,638			19,075
Net interest income	****	23,630	****		48,329			(24,698	)
Net fees and commissions	****	(189	)		448			(637	)
Net trading profits	****	145	****		(22,443	)		22,588
Net other operating profits	****	9,127	****		(12,695	)		21,823
Net gains (losses) on debt securities	****	7,915	****		(17,594	)		25,510
General and administrative expenses	****	102,224	****		105,385			(3,160	)
Personnel expenses	****	32,817	****		34,870			(2,053	)
Non-personnel expenses	****	64,795	****		65,891			(1,096	)
Taxes	****	4,611	****		4,622			(10	)
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses	****	119,969	****		63,303			56,666
Provision for general allowance for credit losses (2)	****	(39	)		(111	)		71
Net operating profits	****	119,932	****		63,192			56,739
Net non-recurring gains (losses)	****	111,978	****		6,929			105,049
Credit costs (3)	****	(89	)		(127	)		37
Reversal of allowance for credit losses (4)	****	—	****		—			—
Reversal of reserve for contingent losses included in credit costs (5)	****	333	****		—			333
Gains on loans written-off (6)	****	2	****		0			2
Net gains (losses) on equity securities	****	102,357	****		22,107			80,250
Gains on sales of equity securities	****	106,791	****		24,803			81,987
Losses on sales of equity securities	****	(2,282	)		(880	)		(1,402	)
Losses on write-down of equity securities	****	(2,150	)		(1,815	)		(335	)
Other non-recurring gains (losses)	****	9,373	****		(15,051	)		24,425

Ordinary profits	****	231,911	****		70,121			161,789

Net extraordinary gains (losses)	****	(15,267	)		(1,347	)		(13,919	)
Net gains (losses) on disposition of fixed assets	****	135	****		145			(10	)
Losses on impairment of fixed assets	****	(13,523	)		(1,595	)		(11,928	)
Losses on sales of shares of subsidiaries	****	(1,879	)		—			(1,879	)
Income before income taxes	****	216,643	****		68,773			147,869
Income taxes-current	****	36,292	****		19,639			16,653
Income taxes-deferred	****	14,899	****		(2,255	)		17,155
Total taxes	****	51,192	****		17,384			33,808

Net income	****	165,450	****		51,389			114,061

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)	****	209	****		(237	)		447
Credit costs for trust accounts	****	2	****		0			2
Provision for general allowance for credit losses	****	(39	)		(111	)		71
Provision for special allowance for credit losses	****	(91	)		0			(91	)
Allowance for credit to specific foreign borrowers	****	—	****		—			—
Losses on loans write-offs	****	—	****		(1	)		1
Provision for contingent losses included in credit costs	****	333	****		(125	)		459
Gains on loans written-off	****	2	****		0			2
Losses on sales of other loans, etc.	****	1	****		—			1
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	****	111,617	****		81,973			29,643
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	****	93,345	****		30,630			62,714

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BK Non-consolidated

	(percentage per annum)
(Domestic business segment)	For the six monthsended<br>September 30, 2024(A)			Increase (Decrease)<br>(A) - (B)			For the six monthsended<br>September 30, 2023(B)
Total average interest rate on interest-earning assets (a)	****	0.47	****		(0.12	)		0.59
Average interest rate on loans and bills discounted (b)	****	0.82	****		0.03			0.78
Average interest rate on securities	****	0.62	****		(0.14	)		0.76
Total average interest rate on interest-bearing liabilities (c)<br><br><br><including general and administrative expenses>	****	0.34	****		0.03			0.30
Average interest rate on deposits and NCD (d)	****	0.02	****		0.02			0.00
Average interest rate on other liabilities	****	0.21	****		0.05			0.16
Overall interest rate spread (a)-(c)	****	0.13	****		(0.15	)		0.29
Interest rate spread (b)-(d)	****	0.79	****		0.01			0.78
(After excluding loans to the Japanese government and governmental<br>organizations)
Average interest rate on loans and bills discounted (e)	****	0.88	****		0.08			0.80
Interest rate spread (e)-(d)	****	0.86	****		0.06			0.80

TB Non-consolidated

	(percentage per annum)
(Domestic business segment)	For the six monthsended<br>September 30, 2024<br>(A)			Increase (Decrease)<br>(A) - (B)			For the six monthsended<br>September 30, 2023(B)
Total average interest rate on interest-earning assets (a)	****	1.05	****		0.34			0.71
Average interest rate on loans and bills discounted (b)	****	0.68	****		0.12			0.55
Average interest rate on securities	****	5.26	****		2.63			2.63
Total average interest rate on interest-bearing liabilities (c)	****	0.26	****		0.04			0.21
Average interest rate on deposits and NCD (d)	****	0.07	****		0.05			0.01
Overall interest rate spread (a)-(c)	****	0.79	****		0.29			0.49
Interest rate spread (b)-(d)	****	0.61	****		0.07			0.53
(After excluding loans to the Japanese government and governmental<br>organizations)
Average interest rate on loans and bills discounted (e)	****	0.74	****		0.02			0.71
Interest rate spread (e)-(d)	****	0.66	****		(0.03	)		0.69

(Reference)

BK and TBCombined

	(percentage per annum)
(Domestic business segment)	For the six monthsended<br>September 30, 2024(A)			Increase (Decrease)<br>(A) - (B)		For the six monthsended<br>September 30, 2023(B)
Average interest rate on loans and bills discounted (a)	****	0.81	****		0.04		0.77
Average interest rate on deposits and NCD (b)	****	0.03	****		0.02		0.00
Interest rate spread (a)-(b)	****	0.78	****		0.01		0.77
(After excluding loans to the Japanese government and governmental<br>organizations)
Average interest rate on loans and bills discounted (c)	****	0.88	****		0.08		0.80
Interest rate spread (c)-(b)	****	0.85	****		0.05		0.79

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, 2024
	within 1 year			1 year to 5 years			over 5 years			Total
Receive-fix/pay-floater	****	6,033.9	****	****	28,879.8	****	****	7,979.2	****	****	42,893.0	****
Receive-floater/pay-fix	****	560.5	****	****	7,657.5	****	****	5,551.3	****	****	13,769.4	****
Receive-floater/pay-floater	****	—	****	****	—	****	****	—	****	****	—	****
Receive-fix/pay-fix	****	—	****	****	—	****	****	—	****	****	—	****
Total	****	6,594.5	****	****	36,537.3	****	****	13,530.6	****	****	56,662.5	****

BK Consolidated

	(in billions of yen)
	As of September 30, 2024
	within 1 year			1 year to 5 years			over 5 years			Total
Receive-fix/pay-floater	****	5,734.8	****	****	27,927.8	****	****	7,809.6	****	****	41,472.4	****
Receive-floater/pay-fix	****	381.2	****	****	6,144.5	****	****	4,154.6	****	****	10,680.4	****
Receive-floater/pay-floater	****	—	****	****	—	****	****	—	****	****	—	****
Receive-fix/pay-fix	****	—	****	****	—	****	****	—	****	****	—	****
Total	****	6,116.0	****	****	34,072.3	****	****	11,964.3	****	****	52,152.8	****

TB Consolidated

	(in billions of yen)
	As of September 30, 2024
	within 1 year			1 year to 5 years			over 5 years			Total
Receive-fix/pay-floater	****	173.5	****	****	867.8	****	****	134.1	****	****	1,175.4	****
Receive-floater/pay-fix	****	177.2	****	****	1,434.9	****	****	1,353.4	****	****	2,965.6	****
Receive-floater/pay-floater	****	—	****	****	—	****	****	—	****	****	—	****
Receive-fix/pay-fix	****	—	****	****	—	****	****	—	****	****	—	****
Total	****	350.7	****	****	2,302.7	****	****	1,487.5	****	****	4,141.1	****

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, 2024												As of March 31, 2024
	Amount onconsolidatedbalance sheet			Unrealizedgains (losses)			Gains			Losses			Amount onconsolidatedbalance sheet		Unrealizedgains (losses)			Gains		Losses
Debt securities being held to maturity	****	22,739,447	****	****	(190,815	)	****	50,168	****	****	240,983	****		24,843,961		(286,447	)		13,719		300,167
Domestic bonds	****	16,250,305	****	****	(142,605	)	****	15,790	****	****	158,395	****		17,310,411		(107,223	)		6,886		114,109
Government bonds	****	13,122,976	****	****	(115,428	)	****	13,961	****	****	129,389	****		14,643,055		(90,759	)		4,592		95,351
Municipal bonds	****	2,216,346	****	****	(22,999	)	****	987	****	****	23,987	****		1,999,181		(14,279	)		2,047		16,327
Corporate bonds	****	910,983	****	****	(4,176	)	****	841	****	****	5,018	****		668,174		(2,184	)		245		2,430
Other	****	6,489,141	****	****	(48,210	)	****	34,378	****	****	82,588	****		7,533,549		(179,224	)		6,832		186,057
Foreign bonds	****	4,670,795	****	****	(52,366	)	****	29,014	****	****	81,380	****		4,952,083		(176,384	)		3,151		179,536
Other	****	1,818,346	****	****	4,156	****	****	5,363	****	****	1,207	****		2,581,465		(2,839	)		3,681		6,520
	(in millions of yen)
	As of September 30, 2024												As of March 31, 2024
	Amount onconsolidatedbalance sheet			Unrealizedgains (losses)			Gains			Losses			Amount onconsolidatedbalance sheet		Unrealizedgains (losses)			Gains		Losses
Available-for-sale<br>securities	****	57,563,759	****	****	2,190,299	****	****	3,321,073	****	****	1,130,773	****		61,736,341		2,725,841			4,178,443		1,452,602
Domestic equity securities	****	4,074,625	****	****	2,891,882	****	****	2,902,998	****	****	11,115	****		5,101,691		3,758,884			3,765,175		6,291
Domestic bonds	****	20,274,962	****	****	(134,899	)	****	12,592	****	****	147,491	****		25,074,644		(129,949	)		9,488		139,438
Government bonds	****	17,249,035	****	****	(62,580	)	****	10,217	****	****	72,797	****		21,365,241		(70,791	)		3,631		74,423
Municipal bonds	****	860,618	****	****	(11,177	)	****	11	****	****	11,188	****		1,045,990		(9,573	)		226		9,799
Corporate bonds	****	2,165,307	****	****	(61,142	)	****	2,363	****	****	63,505	****		2,663,412		(49,584	)		5,630		55,215
Other	****	33,214,172	****	****	(566,683	)	****	405,482	****	****	972,166	****		31,560,005		(903,093	)		403,779		1,306,872
Foreign equity securities	****	608,845	****	****	32,479	****	****	57,359	****	****	24,879	****		709,565		12,752			47,829		35,076
Foreign bonds	****	23,379,293	****	****	(565,530	)	****	171,335	****	****	736,866	****		20,990,483		(997,307	)		69,045		1,066,353
Other	****	9,226,033	****	****	(33,632	)	****	176,788	****	****	210,420	****		9,859,956		81,461			286,904		205,442

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, 2024												As of March 31, 2024
	Amount onbalance sheet			Unrealized<br>gains (losses)			Gains			Losses			Amount onbalance sheet		Unrealized<br>gains (losses)			Gains		Losses
Debt securities being held to maturity	****	20,739,599	****	****	(182,768	)	****	44,825	****	****	227,594	****		22,209,137		(260,977	)		10,038		271,015
Stocks of subsidiaries and affiliates	****	700,929	****	****	606,323	****	****	611,860	****	****	5,536	****		685,292		563,814			572,794		8,979

	(in millions of yen)
	As of September 30, 2024												As of March 31, 2024
	Amount onbalance sheet			Unrealizedgains (losses)			Gains			Losses			Amount onbalance sheet		Unrealizedgains (losses)			Gains		Losses
Available-for-sale<br>securities	****	41,758,886	****	****	1,924,344	****	****	2,613,375	****	****	689,030	****		45,454,390		2,491,997			3,340,687		848,693
Domestic equity securities	****	3,471,718	****	****	2,417,889	****	****	2,426,851	****	****	8,961	****		4,310,320		3,134,194			3,138,838		4,643
Domestic bonds	****	17,918,364	****	****	(80,355	)	****	6,262	****	****	86,618	****		23,310,014		(71,482	)		7,994		79,477
Other	****	20,368,802	****	****	(413,189	)	****	180,261	****	****	593,450	****		17,834,055		(570,714	)		193,854		764,571
Foreign equity securities	****	557,385	****	****	12,597	****	****	36,058	****	****	23,460	****		669,182		1,235			36,309		35,076
Foreign bonds	****	13,289,549	****	****	(363,862	)	****	90,600	****	****	454,463	****		10,234,364		(554,058	)		43,155		597,214
Other	****	6,521,867	****	****	(61,923	)	****	53,601	****	****	115,525	****		6,930,507		(17,891	)		114,390		132,281

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
****																						****
	(in millions of yen)
	As of September 30, 2024												As of March 31, 2024
	within 1 year			1 year to<br>5 years			5 years to<br>10 years			over 10years			within 1 year		1 year to<br>5 years			5 years to<br>10 years		over 10years
Domestic bonds	****	17,487,835	****	****	9,171,681	****	****	5,879,328	****	****	1,629,824	****		23,194,822		10,452,409			5,689,499		1,283,696
Government bonds	****	16,862,061	****	****	6,685,631	****	****	4,206,356	****	****	659,461	****		22,382,849		8,019,918			4,045,541		207,081
Municipal bonds	****	321,167	****	****	1,253,933	****	****	1,309,590	****	****	—	****		342,305		1,218,778			1,291,205		—
Corporate bonds	****	304,605	****	****	1,232,116	****	****	363,380	****	****	970,363	****		469,666		1,213,712			352,752		1,076,614
Other	****	3,678,702	****	****	5,703,226	****	****	1,425,014	****	****	11,319,867	****		3,543,953		6,204,463			2,326,644		8,099,827
Foreign equity securities	****	4,483	****	****	19,320	****	****	—	****	****	—	****		12,113		20,079			—		—
Foreign bonds	****	3,094,427	****	****	3,456,286	****	****	925,953	****	****	10,098,112	****		2,695,045		3,350,904			1,869,018		6,839,540
Other	****	579,791	****	****	2,227,619	****	****	499,061	****	****	1,221,754	****		836,793		2,833,480			457,625		1,260,286
Total	****	21,166,537	****	****	14,874,908	****	****	7,304,343	****	****	12,949,691	****		26,738,775		16,656,873			8,016,143		9,383,523

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, 2024															As of March 31, 2024
		Amount onbalance sheet				Unrealized<br>gains (losses)											Amount onbalance sheet			Unrealized<br>gains (losses)
									Gains				Losses										Gains			Losses
Debt securities being held to maturity		****	1,999,847	****		****	(8,046	)	****	5,342	****		****	13,389	****			2,634,823			(25,470	)		3,681			29,151
Stocks of subsidiaries and affiliates		****	19,189	****		****	(1,437	)	****	—	****		****	1,437	****			15,136			(1,477	)		—			1,477
		(in millions of yen)
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		As of September 30, 2024															As of March 31, 2024
		Amount onbalance sheet				Unrealized<br>gains (losses)											Amount onbalance sheet			Unrealized<br>gains (losses)
									Gains				Losses										Gains			Losses
Available-for-sale<br>securities		****	11,794,522	****		****	303,777	****	****	657,881	****		****	354,103	****			12,453,511			348,078			806,876			458,797
Domestic equity securities		****	664,289	****		****	470,593	****	****	472,462	****		****	1,868	****			858,572			619,081			619,850			769
Domestic bonds		****	2,318,577	****		****	(54,666	)	****	6,328	****		****	60,995	****			1,746,579			(58,581	)		1,493			60,074
Other		****	8,811,656	****		****	(112,149	)	****	179,089	****		****	291,239	****			9,848,360			(212,421	)		185,532			397,953
Foreign equity securities		****	128	****		****	79	****	****	79	****		****	—	****			126			77			77			—
Foreign bonds		****	6,860,415	****		****	(133,933	)	****	62,985	****		****	196,918	****			7,819,817			(306,146	)		20,037			326,183
Other		****	1,951,112	****		****	21,703	****	****	116,024	****		****	94,320	****			2,028,416			93,647			165,417			71,769

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity

	(in millions of yen)
	As of September 30, 2024												As of March 31, 2024
	within<br>1 year			1 year to<br>5 years			5 years to<br>10 years			over<br>10 years			within<br>1 year		1 year to<br>5 years		5 years to<br>10 years		over<br>10 years
Domestic bonds	****	28,472	****	****	1,013,757	****	****	837,162	****	****	439,184	****		26,386		873,712		329,088		517,391
Government bonds	****	—	****	****	847,513	****	****	744,559	****	****	328,406	****		—		699,455		233,937		401,473
Municipal bonds	****	3,205	****	****	102,482	****	****	86,583	****	****	—	****		1,505		98,405		92,972		—
Corporate bonds	****	25,266	****	****	63,761	****	****	6,018	****	****	110,778	****		24,880		75,851		2,179		115,917
Other	****	238,608	****	****	2,771,421	****	****	3,176,770	****	****	2,978,741	****		248,926		3,702,030		2,851,138		4,019,724
Foreign equity securities	****	—	****	****	—	****	****	—	****	****	—	****		—		—		—		—
Foreign bonds	****	197,635	****	****	2,605,988	****	****	3,118,757	****	****	2,937,882	****		242,784		3,445,064		2,767,252		3,999,539
Other	****	40,973	****	****	165,432	****	****	58,013	****	****	40,859	****		6,142		256,966		83,886		20,184
Total	****	267,081	****	****	3,785,179	****	****	4,013,932	****	****	3,417,926	****		275,312		4,575,742		3,180,227		4,537,116

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

	(%)
	For the six monthsended<br>September 30, 2024(A)			Increase(Decrease)<br>(A) - (B)		For the six monthsended<br>September 30, 2023(B)
ROE (MUFG basis) *1	****	13.39	****		2.74		10.65
ROE (JPX basis)*2	****	12.56	****		2.19		10.37

Note:

*1 ROE (MUFG basis) is computed as follows:

Profits attributable to<br>owners of parent × 2		×100
{(Total shareholders’ equity at the beginning of the period + Foreign currency translation adjustments at the<br>beginning of the period)<br> <br>+ (Total shareholders’ equity at the end of the period + Foreign currency translation adjustments at the<br>end of the period)} / 2

*2 Japan Exchange Group

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio

MUFG Consolidated

		(in billions of yen)
		As ofSeptember 30, 2024<br>Preliminary (A)			Increase(Decrease)<br>(A) - (B)			As ofMarch 31, 2024<br>(B)
(1) Total capital ratio (4)/(7)		****	18.94	%		1.11	%		17.82	%
(2) Tier 1 capital ratio (5)/(7)		****	16.74	%		1.01	%		15.72	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		****	14.35	%		0.81	%		13.53	%
(4) Total capital		****	20,643.5	****		825.7			19,817.8
(5) Tier 1 capital		****	18,240.7	****		761.0			17,479.7
(6) Common Equity Tier 1 capital		****	15,635.9	****		594.6			15,041.3
(7) Risk weighted assets		****	108,956.8	****		(2,203.3	)		111,160.1
(8) Required Capital (7)×8%		****	8,716.5	****		(176.2	)		8,892.8

BK Consolidated

		(in billions of yen)
		As ofSeptember 30, 2024<br>Preliminary (A)			Increase(Decrease)<br>(A) - (B)			As ofMarch 31, 2024<br>(B)
(1) Total capital ratio (4)/(7)		****	19.69	%		1.57	%		18.11	%
(2) Tier 1 capital ratio (5)/(7)		****	17.68	%		1.56	%		16.11	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		****	15.15	%		1.35	%		13.80	%
(4) Total capital		****	16,828.2	****		913.1			15,915.0
(5) Tier 1 capital		****	15,106.7	****		953.1			14,153.6
(6) Common Equity Tier 1 capital		****	12,950.1	****		823.7			12,126.4
(7) Risk weighted assets		****	85,444.5	****		(2,388.4	)		87,833.0
(8) Required Capital (7)×8%		****	6,835.5	****		(191.0	)		7,026.6

TB Consolidated

		(in billions of yen)
		As ofSeptember 30, 2024<br>Preliminary (A)			Increase(Decrease)<br>(A) - (B)			As ofMarch 31, 2024<br>(B)
(1) Total capital ratio (4)/(7)		****	21.02	%		0.59	%		20.42	%
(2) Tier 1 capital ratio (5)/(7)		****	17.68	%		(0.14	)%		17.83	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		****	14.84	%		(0.71	)%		15.56	%
(4) Total capital		****	1,991.4	****		(130.2	)		2,121.6
(5) Tier 1 capital		****	1,675.4	****		(176.6	)		1,852.1
(6) Common Equity Tier 1 capital		****	1,406.0	****		(210.4	)		1,616.4
(7) Risk weighted assets		****	9,472.3	****		(915.0	)		10,387.4
(8) Required Capital (7)×8%		****	757.7	****		(73.2	)		830.9

BK Non-consolidated

		(in billions of yen)
		As ofSeptember 30, 2024<br>Preliminary (A)			Increase(Decrease)<br>(A) - (B)			As ofMarch 31, 2024<br>(B)
(1) Total capital ratio (4)/(7)		****	17.33	%		1.03	%		16.29	%
(2) Tier 1 capital ratio (5)/(7)		****	15.42	%		1.03	%		14.38	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		****	12.52	%		0.74	%		11.77	%
(4) Total capital		****	12,539.5	****		260.4			12,279.1
(5) Tier 1 capital		****	11,156.4	****		317.3			10,839.0
(6) Common Equity Tier 1 capital		****	9,059.2	****		186.8			8,872.4
(7) Risk weighted assets		****	72,347.0	****		(3,016.2	)		75,363.3
(8) Required Capital (7)×8%		****	5,787.7	****		(241.2	)		6,029.0

TB Non-consolidated

		(in billions of yen)
		As ofSeptember 30, 2024<br>Preliminary (A)			Increase(Decrease)<br>(A) - (B)			As ofMarch 31, 2024<br>(B)
(1) Total capital ratio (4)/(7)		****	21.68	%		2.64	%		19.03	%
(2) Tier 1 capital ratio (5)/(7)		****	18.66	%		1.93	%		16.72	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		****	16.09	%		1.38	%		14.71	%
(4) Total capital		****	2,259.9	****		50.2			2,209.6
(5) Tier 1 capital		****	1,945.2	****		4.1			1,941.1
(6) Common Equity Tier 1 capital		****	1,677.7	****		(29.8	)		1,707.6
(7) Risk weighted assets		****	10,423.8	****		(1,182.1	)		11,605.9
(8) Required Capital (7)×8%		****	833.9	****		(94.5	)		928.4
Note:	Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services<br>Agency No.20, 2006.
---	---
Risk-adjusted capital ratio of BK and TB are computed in accordance with the Notification of the Financial<br>Services Agency No.19, 2006.
---

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 ofSeptember 30, 2024			As of<br>March 31, 2024			Increase(Decrease)
Bankrupt or De facto Bankrupt	****	290,590	****		239,004			51,586
Doubtful	****	1,087,994	****		1,134,503			(46,509	)
Special Attention	****	543,769	****		634,023			(90,254	)
Accruing loans contractually past due 3 months or more	****	18,648	****		26,869			(8,220	)
Restructured loans	****	525,121	****		607,154			(82,033	)
Subtotal (A)	****	1,922,354	****		2,007,531			(85,177	)
Normal(B)	****	133,420,782	****		130,602,373			2,818,408
Total loans (C=A+B)	****	135,343,136	****		132,609,905			2,733,231
Non-performing loans ratio (A)/(C)	****	1.42	%		1.51	%		(0.09	)%
Write-offs	****	205,078	****		217,701			(12,622	)

(2) Allowance for Credit Losses

	(in millions of yen)
	As ofSeptember 30, 2024			Coverage ratio<br>(D)/(A)			As of<br>March 31, 2024		Coverage ratio<br>(D)/(A)			Increase(Decrease)			Coverage ratio<br>(D)/(A)
Allowance for credit losses (D)	****	1,434,973	****	****	74.64	%		1,535,253		76.47	%		(100,280	)		(1.82	)%
General allowance for credit losses	****	746,118	****	****	—	****		848,536		—			(102,418	)		—
Specific allowance for credit losses	****	674,578	****	****	—	****		665,305		—			9,272			—
Allowance for credit to specific foreign borrowers	****	14,276	****	****	—	****		21,412		—			(7,135	)		—

(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 ofSeptember 30, 2024			As ofMarch 31, 2024		Increase(Decrease)
Domestic		****	792,895	****		813,702		(20,807	)
Overseas		****	1,129,459	****		1,193,829		(64,370	)
Asia		****	497,932	****		420,715		77,216
Indonesia		****	58,976	****		50,117		8,859
Singapore		****	740	****		12,752		(12,012	)
Thailand		****	369,906	****		280,757		89,149
Other		****	68,308	****		77,088		(8,780	)
Americas		****	488,735	****		601,518		(112,783	)
Europe, Middle East and Other		****	142,791	****		171,595		(28,803	)
Total		****	1,922,354	****		2,007,531		(85,177	)
		(in millions of yen)
---	---	---	---	---	---	---	---	---	---
Classified by Industry		As ofSeptember 30, 2024			As ofMarch 31, 2024		Increase<br>(Decrease)
Domestic		****	792,895	****		813,702		(20,807	)
Manufacturing		****	308,756	****		283,777		24,979
Construction		****	6,939	****		8,226		(1,287	)
Wholesale and retail		****	78,913	****		87,732		(8,818	)
Finance and insurance		****	12,491	****		14,109		(1,618	)
Real estate, goods rental and leasing		****	32,155	****		37,388		(5,233	)
Services		****	64,892	****		80,749		(15,857	)
Other industries		****	40,836	****		48,708		(7,872	)
Consumer		****	247,909	****		253,008		(5,099	)
Overseas		****	1,129,459	****		1,193,829		(64,370	)
Financial institutions		****	4,389	****		3,104		1,285
Commercial and industrial		****	895,259	****		1,021,074		(125,815	)
Other		****	229,809	****		169,650		60,159
Total		****	1,922,354	****		2,007,531		(85,177	)

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 ofSeptember 30, 2024			As ofMarch 31, 2024			Increase(Decrease)
Bankrupt or De facto Bankrupt	****	53,004	****		77,265			(24,261	)
Doubtful	****	846,149	****		904,052			(57,903	)
Special Attention	****	378,369	****		478,331			(99,961	)
Accruing loans contractually past due 3 months or more	****	11,011	****		19,163			(8,151	)
Restructured loans	****	367,358	****		459,167			(91,809	)
Subtotal (A)	****	1,277,523	****		1,459,649			(182,126	)
Normal(B)	****	118,893,861	****		116,726,530			2,167,331
Total loans (C=A+B)	****	120,171,384	****		118,186,179			1,985,205
Non-performing loans ratio (A)/(C)	****	1.06	%		1.23	%		(0.17	)%
Write-offs	****	169,096	****		181,926			(12,830	)

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

	(in millions of yen)
	As ofSeptember 30, 2024			Coverage ratio[(D)+(E)]/(A)			As ofMarch 31, 2024		Coverage ratio[(D)+(E)]/(A)			Increase(Decrease)			Coverage ratio[(D)+(E)]/(A)
Covered amount	****	925,690	****	****	72.45	%		1,042,471		71.41	%		(116,781	)		1.04	%
Allowance for credit losses(D)	****	551,697	****	****	—	****		609,945		—			(58,247	)		—
Collateral, guarantees, etc.(E)	****	373,992	****	****	—	****		432,525		—			(58,533	)		—

(3) Coverage Ratio

	(in millions of yen)
Category	Loanamount (A)			Allowance forcredit losses(D)			Covered bycollateral and/orguarantees<br>(E)			Allowance coverageratio for unsecuredportion<br>(D) / [(A) - (E)]		Coverage ratio[(D)+(E)]/(A)
Bankrupt or De facto Bankrupt		53,004			1,396			51,607			—		100.00	%
		[ 77,265	]		[5,358	]		[71,907	]		—		[100.00	%]
Doubtful		846,149			417,499			151,604			—		67.25	%
		[904,052	]		[441,031	]		[161,324	]		—		[66.62	%]
Special Attention		378,369			132,802			170,779			—		80.23	%
		[478,331	]		[163,555	]		[199,294	]		—		[75.85	%]
Total		1,277,523			551,697			373,992			—		72.45	%
		[1,459,649	]		[609,945	]		[432,525	]		—		[71.41	%]

Note: The upper figures are as of September 30, 2024. The lower figures with brackets are as of March 31, 2024.

(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 ofSeptember 30, 2024			As ofMarch 31, 2024		Increase(Decrease)
Domestic		****	597,203	****		621,995		(24,791	)
Overseas		****	680,319	****		837,654		(157,334	)
Asia		****	69,649	****		89,421		(19,771	)
Indonesia		****	881	****		—		881
Singapore		****	740	****		12,752		(12,012	)
Thailand		****	—	****		—		—
Other		****	68,027	****		76,669		(8,641	)
Americas		****	488,735	****		601,518		(112,783	)
Europe, Middle East and Other		****	121,934	****		146,713		(24,779	)
Total		****	1,277,523	****		1,459,649		(182,126	)
		(in millions of yen)
---	---	---	---	---	---	---	---	---	---
Classified by Industry		As ofSeptember 30, 2024			As ofMarch 31, 2024		Increase(Decrease)
Domestic		****	597,203	****		621,995		(24,791	)
Manufacturing		****	307,297	****		282,469		24,827
Construction		****	6,863	****		8,050		(1,187	)
Wholesale and retail		****	76,375	****		85,689		(9,313	)
Finance and insurance		****	12,469	****		14,088		(1,618	)
Real estate		****	20,998	****		22,960		(1,962	)
Goods rental and leasing		****	11,138	****		14,393		(3,255	)
Services		****	64,741	****		80,619		(15,878	)
Other industries		****	39,971	****		47,998		(8,027	)
Consumer		****	57,347	****		65,724		(8,377	)
Overseas		****	680,319	****		837,654		(157,334	)
Financial institutions		****	2,550	****		2,611		(60	)
Commercial and industrial		****	677,676	****		834,942		(157,266	)
Other		****	91	****		99		(7	)
Total		****	1,277,523	****		1,459,649		(182,126	)

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 ofSeptember 30, 2024			As ofMarch 31, 2024			Increase(Decrease)
Bankrupt or De facto Bankrupt	****	52,965	****		77,210			(24,245	)
Doubtful	****	845,183	****		902,706			(57,523	)
Special Attention	****	378,369	****		478,331			(99,961	)
Accruing loans contractually past due 3 months or more	****	11,011	****		19,163			(8,151	)
Restructured loans	****	367,358	****		459,167			(91,809	)
Subtotal (A)	****	1,276,518	****		1,458,248			(181,730	)
Normal(B)	****	116,430,816	****		114,178,105			2,252,711
Total loans (C=A+B)	****	117,707,334	****		115,636,353			2,070,981
Non-performing loans ratio (A)/(C)	****	1.08	%		1.26	%		(0.17	)%
Write-offs	****	169,074	****		181,894			(12,819	)

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

	(in millions of yen)
	As ofSeptember 30, 2024			Coverage ratio[(D)+(E)]/(A)			As ofMarch 31, 2024		Coverage ratio[(D)+(E)]/(A)			Increase(Decrease)			Coverage ratio[(D)+(E)]/(A)
Covered amount	****	924,685	****		72.43	%		1,041,070		71.39	%		(116,384	)		1.04	%
Allowance for credit losses(D)	****	551,697	****		—			609,945		—			(58,247	)		—
Collateral, guarantees, etc.(E)	****	372,987	****		—			431,124		—			(58,137	)		—

(3) Coverage Ratio

	(in millions of yen)
Category	Loan amount(A)			Allowance forcredit losses(D)			Covered bycollateral and/orguarantees<br>(E)			Allowance coverageratio for unsecuredportion<br>(D) / [(A) - (E)]			Coverage ratio[(D)+(E)]/(A)
Bankrupt or De facto Bankrupt		52,965			1,396			51,568			100.00	%		100.00	%
		[77,210	]		[ 5,358	]		[71,852	]		[100.00	%]		[100.00	%]
Doubtful		845,183			417,499			150,638			60.11	%		67.22	%
		[902,706	]		[441,031	]		[159,978	]		[59.37	%]		[66.57	%]
Special Attention		378,369			132,802			170,779			63.97	%		80.23	%
		[478,331	]		[163,555	]		[199,294	]		[58.61	%]		[75.85	%]
Total		1,276,518			551,697			372,987			61.06	%		72.43	%
		[1,458,248	]		[609,945	]		[431,124	]		[59.38	%]		[71.39	%]

Note: The upper figures are as of September 30, 2024. The lower figures with brackets are as of March 31, 2024.

(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 ofSeptember 30, 2024				As ofMarch 31, 2024			Increase(Decrease)
Domestic		****	596,198	****			620,594			(24,395	)
Overseas		****	680,319	****			837,654			(157,334	)
Asia		****	69,649	****			89,421			(19,771	)
Indonesia		****	881	****			—			881
Singapore		****	740	****			12,752			(12,012	)
Thailand		****	—	****			—			—
Other		****	68,027	****			76,669			(8,641	)
Americas		****	488,735	****			601,518			(112,783	)
Europe, Middle East and Other		****	121,934	****			146,713			(24,779	)
Total		****	1,276,518	****			1,458,248			(181,730	)
		(in millions of yen)
---	---	---	---	---	---	---	---	---	---	---	---
Classified by Industry		As ofSeptember 30, 2024				As ofMarch 31, 2024			Increase(Decrease)
Domestic		****	596,198	****			620,594			(24,395	)
Manufacturing		****	307,297	****			282,469			24,827
Construction		****	6,863	****			8,050			(1,187	)
Wholesale and retail		****	76,375	****			85,689			(9,313	)
Finance and insurance		****	12,469	****			14,088			(1,618	)
Real estate		****	20,998	****			22,960			(1,962	)
Goods rental and leasing		****	11,138	****			14,393			(3,255	)
Services		****	64,741	****			80,619			(15,878	)
Other industries		****	39,971	****			47,998			(8,027	)
Consumer		****	56,342	****			64,323			(7,981	)
Overseas		****	680,319	****			837,654			(157,334	)
Financial institutions		****	2,550	****			2,611			(60	)
Commercial and industrial		****	677,676	****			834,942			(157,266	)
Other		****	91	****			99			(7	)
Total		****	1,276,518	****			1,458,248			(181,730	)

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 ofSeptember 30, 2024			As ofMarch 31, 2024			Increase(Decrease)
Bankrupt or De facto Bankrupt	****	38	****		54			(16	)
Doubtful	****	965	****		1,346			(380	)
Special Attention	****	—	****		—			—
Accruing loans contractually past due 3 months or more	****	—	****		—			—
Restructured loans	****	—	****		—			—
Subtotal (A)	****	1,004	****		1,401			(396	)
Normal(B)	****	2,460,272	****		2,545,305			(85,032	)
Total loans (C=A+B)	****	2,461,277	****		2,546,706			(85,428	)
Non-performing loans ratio (A)/(C)	****	0.04	%		0.05	%		(0.01	)%
Write-offs	****	21	****		31			(10	)

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

	(in millions of yen)
	As ofSeptember 30, 2024			Coverage ratio[(D)+(E)]/(A)			As ofMarch 31, 2024		Coverage ratio[(D)+(E)]/(A)			Increase(Decrease)			Coverage ratio[(D)+(E)]/(A)
Covered amount	****	1,004	****	****	100.00	%		1,401		100.00	%		(396	)		—
Allowance for credit losses(D)	****	—	****	****	—	****		—		—			—			—
Collateral, guarantees, etc.(E)	****	1,004	****	****	—	****		1,401		—			(396	)		—

(3) Coverage Ratio

	(in millions of yen)
Category	Loan amount(A)			Allowance forcredit losses(D)			Covered bycollateral and/orguarantees<br>(E)			Allowance coverageratio for unsecuredportion<br>(D) / [(A) - (E)]			Coverage ratio[(D)+(E)]/(A)
Bankrupt or De facto Bankrupt		38			—			38			—			100.00	%
		[54	]		[—	]		[54	]		[—	]		[100.00	%]
Doubtful		965			—			965			—			100.00	%
		[1,346	]		[—	]		[1,346	]		[—	]		[100.00	%]
Special Attention		—			—			—			—			—
		[—	]		[—	]		[—	]		[—	]		[—	]
Total		1,004			—			1,004			—			100.00	%
		[1,401	]		[—	]		[1,401	]		[—	]		[100.00	%]

Note: The upper figures are as of September 30, 2024. The lower figures with brackets are as of March 31, 2024.

(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 ofSeptember 30, 2024				As ofMarch 31, 2024			Increase(Decrease)
Domestic		****	1,004	****			1,401			(396	)
Overseas		****	—	****			—			—
Asia		****	—	****			—			—
Indonesia		****	—	****			—			—
Singapore		****	—	****			—			—
Thailand		****	—	****			—			—
Other		****	—	****			—			—
Americas		****	—	****			—			—
Europe, Middle East and Other		****	—	****			—			—
Total		****	1,004	****			1,401			(396	)
		(in millions of yen)
---	---	---	---	---	---	---	---	---	---	---	---
Classified by Industry		As ofSeptember 30, 2024				As ofMarch 31, 2024			Increase(Decrease)
Domestic		****	1,004	****			1,401			(396	)
Manufacturing		****	—	****			—			—
Construction		****	—	****			—			—
Wholesale and retail		****	—	****			—			—
Finance and insurance		****	—	****			—			—
Real estate		****	—	****			—			—
Goods rental and leasing		****	—	****			—			—
Services		****	—	****			—			—
Other industries		****	—	****			—			—
Consumer		****	1,004	****			1,401			(396	)
Overseas		****	—	****			—			—
Financial institutions		****	—	****			—			—
Commercial and industrial		****	—	****			—			—
Other		****	—	****			—			—
Total		****	1,004	****			1,401			(396	)

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 ofSeptember 30, 2024			As ofMarch 31, 2024		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)	****	2,772	****		3,119		(347	)
Total loans (C=A+B)	****	2,772	****		3,119		(347	)
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 ofSeptember 30, 2024			Coverage ratio[(D)+(E)]/(A)			As ofMarch 31, 2024		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 forcredit losses(D)			Covered bycollateral and/orguarantees<br>(E)			Allowance coverageratio for unsecuredportion<br>(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, 2024. The lower figures with brackets are as of March 31, 2024.

(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 ofSeptember 30, 2024			As ofMarch 31, 2024		Increase(Decrease)
Domestic	****	—	****		—		—
Manufacturing	****	—	****		—		—
Construction	****	—	****		—		—
Wholesale and retail	****	—	****		—		—
Finance and insurance	****	—	****		—		—
Real estate	****	—	****		—		—
Goods rental and leasing	****	—	****		—		—
Services	****	—	****		—		—
Other industries	****	—	****		—		—
Consumer	****	—	****		—		—
Total	****	—	****		—		—

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

(in billions of yen)

LOGO

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

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<br>March 31, 2022		As of<br>March 31, 2023		As of<br>March 31, 2024(A)		As ofSeptember 30, 2024(B)		(B) - (A)
Assets newly categorized during fiscal 2021		321,978		110,451		68,032		61,835		(6,196	)
Assets newly categorized during fiscal 2022				240,324		114,818		90,618		(24,200	)
Assets newly categorized during fiscal 2023						642,712		466,442		(176,269	)
Assets newly categorized during fiscal 2024								147,078

(2) Progress in Disposition of Problem Assets

		(in millions of yen)
		For the first half of the fiscal year endedSeptember 30, 2024
				Bankrupt orDe facto Bankrupt		Doubtful
Liquidation			4,658		—		—
Reconstructive treatment			25,263		—		—
Upgrade due to reconstructive treatment			—		—		—
Loan sold to secondary market			99,112		—		—
Write-offs			4,432		—		—
Others			95,380		—		—
Collection / Repayment			67,198		—		—
Upgrade			28,181		—		—
Total			228,847		37,446		191,400
Amount in process for disposition			44,654
Note:	The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good<br>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<br>revitalization of companies, which are scheduled to be off-balanced before their maturities.
---	---

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<br>March 31, 2022		As of<br>March 31, 2023		As of<br>March 31, 2024(A)		As ofSeptember 30, 2024(B)		(B) - (A)
Assets newly categorized during fiscal 2021		635		272		204		105		(98	)
Assets newly categorized during fiscal 2022				986		262		121		(141	)
Assets newly categorized during fiscal 2023						410		245		(164	)
Assets newly categorized during fiscal 2024								180

(2) Progress in Disposition of Problem Assets

		(in millions of yen)
		For the first half of the fiscal yearended September 30, 2024
				Bankrupt orDe facto Bankrupt		Doubtful
Liquidation			—		—		—
Reconstructive treatment			—		—		—
Upgrade due to reconstructive treatment			—		—		—
Loan sold to secondary market			—		—		—
Write-offs			—		—		—
Others			576		—		—
Collection / Repayment			127		—		—
Upgrade			449		—		—
Total			576		14		561
Amount in process for disposition			81
Note:	The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good<br>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<br>revitalization of companies, which are scheduled to be off-balanced before their maturities.
---	---

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, 2024 (A)			Increase (Decrease) (A) - (B)			As of<br>March 31, 2024<br>(B)
Domestic offices (excluding loans booked at offshore markets)	****	76,370,243	****		5,027,440			71,342,802
Manufacturing	****	11,869,276	****		268,706			11,600,570
Agriculture, forestry, fishery, mining, quarrying of stone and gravel	****	87,047	****		(6,140	)		93,187
Construction	****	1,087,738	****		160,489			927,249
Utilities	****	2,569,956	****		(84,948	)		2,654,904
Communication and information services	****	1,358,986	****		108,163			1,250,823
Transport and postal activities	****	2,229,530	****		43,973			2,185,557
Wholesale and retail	****	6,273,215	****		(268,410	)		6,541,625
Finance and insurance	****	9,116,938	****		(438,141	)		9,555,080
Real estate	****	10,971,305	****		194,195			10,777,110
Goods rental and leasing	****	2,517,914	****		(78,951	)		2,596,865
Services	****	3,498,010	****		762,505			2,735,505
Municipal government	****	1,548,441	****		6,160			1,542,281
Other industries (including loans to the Japanese government)	****	23,241,884	****		4,359,839			18,882,044

Overseas offices and loans booked at offshore markets	****	34,055,458	****		(1,836,917	)		35,892,376

Governments	****	396,927	****		82,264			314,663
Financial Institutions	****	13,131,081	****		(375,957	)		13,507,038
Other	****	20,527,449	****		(1,543,224	)		22,070,674

Total	****	110,425,702	****		3,190,523			107,235,179

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated
Loans Classified by Type of Industry
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024 (B)
Domestic offices (excluding loans booked at offshore markets)	****	74,016,836	****		5,365,368			68,651,467
Manufacturing	****	11,867,876	****		268,706			11,599,170
Agriculture, forestry, fishery, mining, quarrying of stone and gravel	****	87,047	****		(6,140	)		93,187
Construction	****	1,087,738	****		160,489			927,249
Utilities	****	2,569,956	****		(84,948	)		2,654,904
Communication and information services	****	1,349,420	****		107,631			1,241,789
Transport and postal activities	****	2,214,530	****		43,973			2,170,557
Wholesale and retail	****	6,273,215	****		(268,410	)		6,541,625
Finance and insurance	****	7,771,778	****		(325,052	)		8,096,830
Real estate	****	10,936,618	****		188,872			10,747,746
Goods rental and leasing	****	2,517,914	****		(78,951	)		2,596,865
Services	****	3,497,493	****		762,513			2,734,980
Municipal government	****	1,548,195	****		6,175			1,542,020
Other industries (including loans to the Japanese government)	****	22,295,056	****		4,590,511			17,704,545

Overseas offices and loans booked at offshore markets	****	32,916,056	****		(1,877,460	)		34,793,516

Governments	****	396,927	****		82,264			314,663
Financial Institutions	****	11,991,705	****		(416,506	)		12,408,212
Other	****	20,527,423	****		(1,543,217	)		22,070,640

Total	****	106,932,892	****		3,487,908			103,444,984

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated
Loans Classified by Type of Industry
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Domestic offices (excluding loans booked at offshore markets)	****	1,057,573	****		(63,793	)		1,121,366
Manufacturing	****	—	****		—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel	****	—	****		—			—
Construction	****	—	****		—			—
Utilities	****	—	****		—			—
Communication and information services	****	9,566	****		532			9,034
Transport and postal activities	****	—	****		—			—
Wholesale and retail	****	—	****		—			—
Finance and insurance	****	352,466	****		144,515			207,951
Real estate	****	9,006	****		5,477			3,529
Goods rental and leasing	****	—	****		—			—
Services	****	517	****		(7	)		525
Municipal government	****	—	****		—			—
Other industries (including loans to the Japanese government)	****	686,015	****		(214,310	)		900,326

Overseas offices and loans booked at offshore markets	****	1,139,402	****		40,542			1,098,859

Governments	****	—	****		—			—
Financial Institutions	****	1,139,376	****		40,549			1,098,826
Other	****	25	****		(7	)		33

Total	****	2,196,975	****		(23,250	)		2,220,225

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Accounts
Loans Classified by Type of Industry
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Domestic offices (excluding loans booked at offshore markets)	****	1,295,834	****		(274,134	)		1,569,969
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	****	992,693	****		(257,605	)		1,250,299
Real estate	****	25,681	****		(153	)		25,835
Goods rental and leasing	****	—	****		—			—
Services	****	—	****		—			—
Municipal government	****	246	****		(14	)		261
Other industries (including loans to the Japanese government)	****	260,812	****		(16,360	)		277,173

Overseas offices and loans booked at offshore markets	****	—	****		—			—

Governments	****	—	****		—			—
Financial Institutions	****	—	****		—			—
Other	****	—	****		—			—

Total	****	1,295,834	****		(274,134	)		1,569,969

Mitsubishi UFJ Financial Group, Inc.

10. Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors
BK and TB Combined including TrustAccounts
(1) Domestic Consumer Loans
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Total domestic consumer loans	****	14,858,659	****		(96,072	)		14,954,731
Housing loans	****	14,125,944	****		(110,306	)		14,236,251
Residential purpose	****	12,492,218	****		(67,186	)		12,559,404
Other	****	732,714	****		14,234			718,480
(2) Domestic Loans to Small/Medium-Sized Companies and<br>Proprietors
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Outstanding amount	****	41,385,348	****		365,239			41,020,108
% to total domestic loans	****	54.19	%		(3.30	)%		57.49	%
BK Non-consolidated
(1) Domestic Consumer Loans
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Total domestic consumer loans	****	14,255,255	****		(60,006	)		14,315,262
Housing loans	****	13,523,002	****		(74,360	)		13,597,362
Residential purpose	****	11,889,600	****		(31,261	)		11,920,862
Other	****	732,253	****		14,354			717,899
(2) Domestic Loans to Small/Medium-Sized Companies and<br>Proprietors
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Outstanding amount	****	40,404,594	****		423,141			39,981,453
% to total domestic loans	****	54.58	%		(3.64	)%		58.23	%
TB Non-consolidated
(1) Domestic Consumer Loans
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Total domestic consumer loans	****	601,040	****		(35,865	)		636,906
Housing loans	****	600,579	****		(35,746	)		636,325
Residential purpose	****	600,257	****		(35,726	)		635,984
Other	****	460	****		(119	)		580
(2) Domestic Loans to Small/Medium-Sized Companies and<br>Proprietors
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Outstanding amount	****	739,953	****		(45,870	)		785,824
% to total domestic loans	****	69.96	%		(0.11	)%		70.07	%
TB Non-consolidated: Trust Accounts
(1) Domestic Consumer Loans
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Total domestic consumer loans	****	2,363	****		(199	)		2,563
Housing loans	****	2,363	****		(199	)		2,563
Residential purpose	****	2,359	****		(198	)		2,557
Other	****	—	****		—			—
(2) Domestic Loans to Small/Medium-Sized Companies and<br>Proprietors
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Outstanding amount	****	240,800	****		(12,030	)		252,831
% to total domestic loans	****	18.58	%		2.47	%		16.10	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BK Consolidated excl. KS, BDI

	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Americas	****	13,939,048	****		(1,628,478	)		15,567,526
United States	****	12,051,216	****		(1,422,852	)		13,474,068
Canada	****	693,203	****		(56,145	)		749,349
Brazil	****	395,604	****		(58,298	)		453,903
Mexico	****	314,723	****		(17,208	)		331,932
Others	****	484,299	****		(73,973	)		558,272

Asia/Oceania	****	11,369,380	****		(732,618	)		12,101,999
Australia	****	1,851,928	****		126,975			1,724,953
Hong Kong	****	1,781,309	****		(290,694	)		2,072,004
India	****	1,496,556	****		138,285			1,358,270
Singapore	****	1,403,766	****		(53,409	)		1,457,176
China	****	1,222,455	****		(301,374	)		1,523,829
Indonesia	****	943,803	****		(164,732	)		1,108,536
Malaysia	****	613,893	****		(127,886	)		741,780
Korea	****	515,167	****		(86,925	)		602,093
Taiwan	****	477,306	****		62,133			415,172
New Zealand	****	370,306	****		(54,429	)		424,736
Philippines	****	295,984	****		20,130			275,854
Others	****	396,900	****		(691	)		397,591

EMEA	****	8,710,788	****		(836,060	)		9,546,849
United Kingdom	****	2,121,672	****		112,412			2,009,259
Netherlands	****	1,061,672	****		(72,218	)		1,133,891
Germany	****	672,686	****		(121,773	)		794,459
France	****	597,050	****		(134,380	)		731,430
Ireland	****	512,742	****		70,413			442,328
Luxembourg	****	449,664	****		(142,537	)		592,202
Italy	****	237,448	****		8,390			229,058
Saudi Arabia	****	232,858	****		11,484			221,374
Qatar	****	228,575	****		(25,987	)		254,562
Switzerland	****	223,874	****		(10,773	)		234,648
Belgium	****	190,897	****		45,690			145,207
Turkey	****	185,498	****		(18,402	)		203,900
Spain	****	149,032	****		(53,300	)		202,333
United Arab Emirates	****	131,647	****		(21,464	)		153,111
Mauritius	****	91,999	****		(64,853	)		156,852
Sweden	****	70,588	****		(36,875	)		107,463
Russia	****	70,457	****		(39,337	)		109,794
Others	****	1,482,420	****		(342,548	)		1,824,968

Total	****	34,019,217	****		(3,197,157	)		37,216,375

KS and BDI have the following loan balances in the<br>consolidated financial statements.
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
KS	****	6,517,787	****		181,526			6,336,261
BDI	****	1,606,868	****		190,200			1,416,667

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BK and TB Combined

	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Deposits (ending balance)	****	210,134,595	****		(2,679,334	)		212,813,930
Deposits (average balance)	****	214,723,272	****		4,290,470			210,432,802
Loans (ending balance)	****	109,129,868	****		3,464,657			105,665,210
Loans (average balance)	****	108,691,754	****		2,449,814			106,241,940
BK Non-consolidated
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Deposits (ending balance)	****	196,646,276	****		(3,418,311	)		200,064,588
Deposits (average balance)	****	200,926,336	****		2,689,893			198,236,443
Loans (ending balance)	****	106,932,892	****		3,487,908			103,444,984
Loans (average balance)	****	106,509,048	****		2,571,162			103,937,886
TB Non-consolidated
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Deposits (ending balance)	****	13,488,319	****		738,977			12,749,342
Deposits (average balance)	****	13,796,935	****		1,600,576			12,196,358
Loans (ending balance)	****	2,196,975	****		(23,250	)		2,220,225
Loans (average balance)	****	2,182,706	****		(121,347	)		2,304,054

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits
BK and TB Combined
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)		As of<br>March 31, 2024<br>(B)
Individuals	****	93,072,644	****		346,081		92,726,562
Corporations and others	****	83,688,923	****		137,772		83,551,151
Domestic deposits	****	176,761,568	****		483,854		176,277,713

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

BK Non-consolidated
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)			As of<br>March 31, 2024<br>(B)
Individuals	****	87,014,988	****		252,318			86,762,670
Corporations and others	****	78,617,423	****		(465,827	)		79,083,251
Domestic deposits	****	165,632,411	****		(213,509	)		165,845,921

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

TB Non-consolidated
	(in millions of yen)
	As of<br>September 30, 2024<br>(A)			Increase<br>(Decrease)<br>(A) - (B)		As of<br>March 31, 2024<br>(B)
Individuals	****	6,057,656	****		93,763		5,963,892
Corporations and others	****	5,071,500	****		603,600		4,467,899
Domestic deposits	****	11,129,156	****		697,364		10,431,792

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

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, 2024 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2024 (B)
Deferred tax assets		****	1,088.9	****		(132.6	)		1,221.6
Allowance for credit losses		****	267.3	****		(33.4	)		300.8
Write-down on investment securities		****	361.8	****		4.7			357.0
Unrealized losses on Available-for-sale securities		****	45.3	****		(88.4	)		133.7
Reserve for retirement benefits		****	70.3	****		(4.8	)		75.1
Reserve for contingent losses		****	20.1	****		(2.2	)		22.3
Depreciation and Impairment losses		****	79.7	****		(5.2	)		85.0
Devaluation on land upon merger		****	20.1	****		(0.1	)		20.2
Net deferred losses on hedging instruments		****	380.8	****		20.1			360.7
Other		****	225.5	****		(24.7	)		250.3
Valuation allowance		****	(382.3	)		1.6			(384.0	)
Deferred tax liabilities		****	786.0	****		(169.6	)		955.6
Unrealized gains on Available-for-sale securities		****	547.3	****		(200.5	)		747.9
Revaluation gains on securities upon merger		****	39.4	****		(4.9	)		44.4
Gains on securities contributed to employees’ retirement benefits trust		****	42.3	****		(0.2	)		42.6
Other		****	156.9	****		36.2			120.6

Net deferred tax assets		****	302.9	****		36.9			265.9

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

	(in billions of yen)
	FY2019			FY2020			FY2021			FY2022			FY2023			Interim FY2024
Net operating profits before provision for general allowance for credit losses		395.2			388.0			374.4			690.4			974.6			685.8
Total credit costs		11.8			(223.3	)		(234.0	)		(98.5	)		(250.2	)		19.8
Income before income taxes		(535.9	)		205.5			286.1			1,239.5			994.7			963.9
Reconciliation to taxable income		844.6			98.5			343.3			(453.8	)		(50.5	)		(256.1	)
Taxable income		308.7			304.1			629.5			785.7			944.2			707.8

(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.

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, 2024 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2024 (B)
Deferred tax assets		****	72.3	****		(1.0	)		73.4
Gains on securities related to employees’ retirement benefits trust		****	53.2	****		1.0			52.2
Depreciation and Impairment losses		****	12.9	****		2.8			10.1
Write-down on investment securities		****	8.5	****		0.8			7.7
Group tax sharing transactions		****	4.4	****		(1.8	)		6.3
Reserve for contingent losses		****	1.8	****		(0.3	)		2.1
Net deferred losses on hedging instruments		****	0.2	****		0.2			—
Other		****	18.7	****		0.4			18.2
Valuation allowance		****	(27.7	)		(4.2	)		(23.4	)
Deferred tax liabilities		****	228.5	****		(34.6	)		263.1
Reserve for retirement benefits		****	126.0	****		11.6			114.4
Unrealized gains on Available-for-sale securities		****	86.0	****		(13.1	)		99.2
Net deferred gains on hedging instruments		****	—	****		(35.0	)		35.0
Other		****	16.4	****		1.9			14.4

Net deferred tax assets		****	(156.2	)		33.5			(189.7	)

(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)
	FY2019			FY2020			FY2021			FY2022			FY2023			Interim FY2024
Net operating profits before credit costs for trust accounts and provision for general allowance<br>for credit losses		142.3			132.3			176.4			109.1			70.4			119.9
Total credit costs		0.8			0.0			0.1			(0.2	)		(0.1	)		0.2
Income before income taxes		148.6			129.4			210.6			165.7			75.1			216.6
Reconciliation to taxable income		(39.3	)		(26.5	)		(37.4	)		(46.1	)		(17.1	)		(102.2	)
Taxable income		109.3			102.9			173.1			119.6			57.9			114.3

(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.

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Financial Statements

BK Non-consolidated

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

(in millions of yen)
Assets:
Cash and due from banks	89,284,902		88,259,382
Call loans	1,266,925		1,275,665
Receivables under resale agreements	1,241,358		1,188,621
Monetary claims bought	4,730,143		4,155,664
Trading assets	6,263,383		6,308,128
Money held in trust	37,178		39,074
Securities	69,957,384		64,917,046
Loans and bills discounted	103,444,984		106,932,892
Foreign exchanges	2,030,007		1,289,220
Other assets	10,604,231		9,138,477
Tangible fixed assets	688,751		671,496
Intangible fixed assets	493,516		491,425
Prepaid pension costs	730,933		777,542
Deferred tax assets	265,948		302,932
Customers’ liabilities for acceptances and guarantees	9,335,180		8,771,061
Allowance for credit losses	(841,518	)	(740,520	)

Total assets	299,533,310		293,778,114

Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)
Liabilities:
Deposits	200,064,588		196,646,276
Negotiable certificates of deposit	10,912,738		12,416,350
Call money	683,360		416,739
Payables under repurchase agreements	14,790,983		15,664,840
Commercial papers	2,807,589		2,795,179
Trading liabilities	3,355,951		2,710,841
Borrowed money	34,810,924		32,342,019
Foreign exchanges	3,719,588		3,891,992
Bonds payable	1,250,571		1,057,012
Other liabilities	8,105,838		7,542,411
Reserve for bonuses	85,950		48,449
Reserve for bonuses to directors	148		89
Reserve for stocks payment	4,597		3,450
Reserve for retirement benefits	20,421		18,493
Reserve for contingent losses	73,000		65,694
Deferred tax liabilities for land revaluation	82,942		80,544
Acceptances and guarantees	9,335,180		8,771,061

Total liabilities	290,104,373		284,471,444

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	3,637,579		3,817,801
Revenue reserve	190,044		190,044
Other retained earnings	3,447,534		3,627,756
Funds for retirement benefits	2,432		2,432
Reserve for investment promotion taxation	260		260
Other reserve	718,196		718,196
Earned surplus brought forward	2,726,645		2,906,867
Treasury stock	(645,700	)	(645,700	)

Total shareholders’ equity	8,582,112		8,762,334

Net unrealized gains (losses) on available-for-sale securities	1,499,245		1,243,936
Net deferred gains (losses) on hedging instruments	(814,862	)	(860,460	)
Land revaluation excess	162,441		160,858

Total valuation and translation adjustments	846,824		544,335

Total net assets	9,428,937		9,306,669

Total liabilities and net assets	299,533,310		293,778,114

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

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

(in millions of yen)
Ordinary income	3,317,956	3,572,670
Interest income	2,444,083	2,588,190
Interest on loans and bills discounted	1,476,329	1,515,370
Interest and dividends on securities	486,495	575,220
Fees and commissions	382,028	400,157
Trading income	68,368	34,346
Other operating income	268,181	230,823
Other ordinary income	155,294	319,153
Ordinary expenses	2,592,418	2,612,876
Interest expenses	1,632,621	1,780,905
Interest on deposits	787,522	880,284
Fees and commissions	74,938	80,963
Trading expenses	1,804	2,150
Other operating expenses	112,206	48,678
General and administrative expenses	663,478	632,399
Other ordinary expenses	107,369	67,779

Ordinary profits	725,537	959,794

Extraordinary gains	15,637	8,168
Extraordinary losses	17,413	3,965

Income before income taxes	723,761	963,997

Income taxes - current	121,227	155,314
Income taxes - deferred	17,431	93,929

Total taxes	138,658	249,243

Net income	585,102	714,753

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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

(in millions of yen)
Assets:
Cash and due from banks	13,589,516		13,797,679
Call loans	320,000		570,000
Receivables under resale agreements	81,636		99,910
Receivables under securities borrowing transactions	151,538		114,393
Monetary claims bought	15		15
Trading assets	70,459		63,702
Money held in trust	14,824		13,967
Securities	16,050,790		14,764,441
Loans and bills discounted	2,220,225		2,196,975
Foreign exchanges	281,805		224,195
Other assets	2,124,530		1,491,731
Tangible fixed assets	125,067		111,393
Intangible fixed assets	91,078		93,924
Prepaid pension costs	492,768		530,779
Customers’ liabilities for acceptances and guarantees	39,201		34,376
Allowance for credit losses	(966	)	(1,097	)

Total assets	35,652,492		34,106,388

Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)
Liabilities:
Deposits	12,749,342		13,488,319
Negotiable certificates of deposit	5,385,777		4,852,366
Call money	1,493,171		2,198,956
Payables under repurchase agreements	6,191,612		5,563,260
Payables under securities lending transactions	—		7,208
Commercial papers	234,941		239,381
Trading liabilities	218,314		200,310
Borrowed money	2,087,312		1,678,686
Foreign exchanges	367,658		514,438
Short-term bonds payable	230,987		230,890
Bonds payable	30,000		30,000
Due to trust accounts	3,199,300		1,704,014
Other liabilities	1,038,897		1,049,541
Reserve for bonuses	5,571		5,499
Reserve for bonuses to directors	102		58
Reserve for stocks payment	3,891		3,060
Reserve for contingent losses	7,100		5,932
Deferred tax liabilities	189,776		156,232
Deferred tax liabilities for land revaluation	3,689		3,689
Acceptances and guarantees	39,201		34,376

Total liabilities	33,476,650		31,966,225

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	1,358,924		1,436,781
Revenue reserve	73,714		73,714
Other retained earnings	1,285,210		1,363,067
Funds for retirement benefits	710		710
Reserve for investment promotion taxation	281		281
Other reserve	138,495		138,495
Earned surplus brought forward	1,145,723		1,223,581
Treasury stock	(299,999	)	(299,999	)

Total shareholders’ equity	1,839,173		1,917,031

Net unrealized gains (losses) on available-for-sale securities	250,557		218,789
Net deferred gains (losses) on hedging instruments	85,588		3,816
Land revaluation excess	523		525

Total valuation and translation adjustments	336,668		223,131

Total net assets	2,175,842		2,140,162

Total liabilities and net assets	35,652,492		34,106,388

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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

(in millions of yen)
Ordinary income	717,169		834,449
Trust fees	58,464		61,807
Interest income	485,490		541,179
Interest on loans and bills discounted	34,401		45,191
Interest and dividends on securities	352,516		382,757
Fees and commissions	69,585		81,600
Trading income	19		436
Other operating income	75,292		38,753
Other ordinary income	28,318		110,672
Ordinary expenses	647,048		602,538
Interest expenses	410,606		443,344
Interest on deposits	47,721		60,290
Fees and commissions	26,343		28,263
Trading expenses	46,749		—
Other operating expenses	36,624		29,990
General and administrative expenses	105,632		94,737
Other ordinary expenses	21,091		6,202

Ordinary profits	70,121		231,911

Extraordinary gains	1,006		616
Extraordinary losses	2,353		15,884

Income before income taxes	68,773		216,643

Income taxes - current	19,639		36,292
Income taxes - deferred	(2,255	)	14,899

Total taxes	17,384		51,192

Net income	51,389		165,450

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)
Assets:
Loans and bills discounted		1,569,969	1,295,834
Securities		80,134,164	79,345,484
Beneficiary rights to the trust		145,116,404	165,092,352
Securities held in custody accounts		3,886,180	3,848,951
Monetary claims		34,138,163	36,172,835
Tangible fixed assets		22,750,084	23,725,850
Intangible fixed assets		186,122	208,228
Other claims		3,312,930	3,528,590
Call loans		4,455,397	5,506,491
Due from banking account		6,170,680	4,357,530
Cash and due from banks		6,181,323	7,102,904

Total		307,901,420	330,185,053

Liabilities:
Money trusts		37,371,516	36,364,765
Pension trusts		12,760,480	12,445,013
Property formation benefit trusts		5,738	5,238
Investment trusts		145,025,458	163,845,137
Money entrusted other than money trusts		7,167,100	6,866,252
Securities trusts		6,145,365	6,242,743
Monetary claim trusts		29,767,810	30,914,861
Equipment trusts		226,799	304,751
Land and fixtures trusts		18,425	18,396
Composite trusts		69,412,725	73,177,894

Total		307,901,420	330,185,053

Note:	1. The table shown above includes master trust assets under the service-shared<br>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<br>are 26,247 millions of yen as of March 31, 2024 and 33,861 millions of yen as of September 30, 2024.

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

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

(in millions of yen)
Assets:
Loans and bills discounted	3,119	2,772
Other	3,289,438	1,881,671

Total	3,292,557	1,884,443

Liabilities:
Principal	3,292,449	1,884,244
Allowance for bad debts	9	8
Other	99	190

Total	3,292,557	1,884,443

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(4) Major Items

(in millions of yen)
Total funds		68,272,855	67,155,703

Deposits		12,749,342	13,488,319
Negotiable certificates of deposit		5,385,777	4,852,366
Money trusts		37,371,516	36,364,765
Pension trusts		12,760,480	12,445,013
Property formation benefit trusts		5,738	5,238

Loans and bills discounted		3,790,194	3,492,809

Banking account		2,220,225	2,196,975
Trust account		1,569,969	1,295,834

Investment securities		96,184,954	94,109,926

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

MUFG 6-K