Slides
Page 1
Mitsubishi UFJ Financial Group Financial Highlights under Japanese GAAP for 1st Half of the Fiscal Year Ending March 31, 2026 November 14, 2025
Page 2
2 FY2025 1H Financial Results Summary Breakdown of Changes in NOP*2 Breakdown of Changes in Net Income Net Operating Profits: ¥1,287.0bn, up by ¥61.3bn YoY*1 / 58.5% progress towards FY25 initial target Customer segment’s NOP*2 increased, overcoming the impact of strategic expense allocation and the business downward pressure from slowdown of Asian economy Net Income*3: ¥1,292.9bn, up by ¥56.8bn YoY*1 / 64.6% progress towards FY25 initial target Along with NOP*2 growth driven by customer segment, increase of equity in earnings of equity method investees resulted in achieving historical high record for 3 consecutive years 1 2 All references in this presentation to “KS impact” refer to the effects of notes *1 *1 Adjusted financial results of 1H FY24, excluding impact of ¥79.6bn in NOP and ¥22.1bn in net income (after tax profits attributable to MUFG), translated at FX rate as of End Sep 2024, due to the change in closing period for consolidated financials (from Jan-Dec to Apr-Mar) *2 Net Operating Profit. On a managerial accounting basis *3 Profits attributable to owners of parent Definitions of figures and abbreviations used in this document can be found on the last page 1,274.8 R&D +8.2 CWM +47.6 JCIB +10.5 AM/IS +9.4 GCIB +29.2 GCB (11.3) GM (10.9) Other (20.2) 1,294.5 FY24 1H R&D CWM JCIB GCB AM/IS GCIB GM Other FY25 1H Approx. 80.0 1,292.9 +46.0 +73.0 (162.0) 1,236.0 +100.0 1,258.1 FY24 1Q 業務純益 （除く①・②） ②為替影響・ 市場その他 与信費用等 その他 FY25 1Q 22.1 Interest income increase from bond portfolio rebalancing in FY24 FY24 1H FY25 1H FY24 1H FY25 1H Customer Segment NOP & Rebalance of Bond Portfolio Credit Costs Equity in Earnings of Equity Method Investees, etc. KS Impact KS Impact *1 *1,2 (¥bn) (¥bn, approx. amounts, after-tax) FX fluctuation: approx. +10.0 rises in JPY interest rates: approx. +85.0 Including the impact due to; Including the impact due to; FX fluctuation: approx. +20.0 +56.8 +4.6% FX rate End Sep 2024 End Mar 2025 End Sep 2025 USD/JPY 142.73 149.52 148.88 Sales of Equity Securities Customer Segment: +93.6 NOP in customer segment
Page 3
3 ¥25 ¥64 ¥28 ¥32 ¥41 FY20 FY21 FY22 FY23 FY24 FY25 Upward Revision of FY2025 Financial Targets / Shareholder Returns Reflecting strong performance of customer segment and increased income from equity method investee, we resolved to upwardly revise the FY25 full-year targets For shareholder returns, we anticipate annual dividend of ¥74 (+¥10 YoY / +¥4 vs initial forecast), and resolved repurchasing common stock up to ¥250bn in 2nd half*1 (total ¥500bn annually) *1 Details in “Notice Regarding Repurchase and Cancellation of Common Stock” released on Nov 14, 2025 1 2 FY25 Financial Targets Shareholder Returns （Forecast） Dividend per Common Stock ¥74 Full Year ¥500bn (Historical High) Share Repurchase FY24 FY25 ¥64 → ¥74 Dividend Forecast （＋¥10） +¥10 BOJ Policy Rate FF Rate Nikkei Stock Ave. USD/JPY Rate Approx. 0.5% Approx. 4% high ¥40k range mid 140 range Financial Indicators < Factors affecting changes in Net Income > (¥bn, after-tax) FY25 1H Financial Targets (¥bn) Results FY25 vs Initial Targets 1 NOP 1,287.0 2,250.0 +50.0 2 Credit Costs (76.3) (350.0) +0 3 Ordinary Profits 1,746.6 3,000.0 +150.0 4 Net Income 1,292.9 2,100.0 +100.0 Interim ¥35 Year-end ¥39 Dividend Payout Ratio（%） 41.3 31.7 35.3 32.9 40.0 40.2 Share Repurchase （¥bn） - 150 450 400 400 500 (Full year) Total Payout Ratio （%） 41.3 44.8 75.2 59.6 61.3 64.0 25年度 期初目標 顧客部門 持分法投資利益・その他 金融指標の見直し 25年度 修正目標 2,000 2,100 FY25 Initial Target NOP in Customer Segment Review on Financial Indicators Equity in Earnings of Equity Method Investees, etc. FY25 Revised Target
Page 4
4 Growth Strategies ＋150.0 Progress of 3 Pillars of MTBP*1 ①Expand & Refine Growth Strategies • Earning power has improved by favorable progress of growth strategies • In Domestic Retail, customer base has expanded by new service brand “M-tto” *1 Mid-Term Business Plan *2 Managerial accounting basis. Local currency basis *3 Applications through NICOS' web channel *4 YoY comparison of Jun-Sep (the term after M-tto release) *5 Number of issuance of Mitsubishi UFJ card etc. *6 Mitsubishi UFJ eSmart Securities *7 January 31, 2025 *8 “WealthNavi for MUBK”: Fully automated robo-advisor for asset management services provided by WealthNavi Status of NOP*2 （¥bn） Impact of “M-tto” • Enhanced customer base through credit card reward programs and Group wide campaigns • New services, including the digital bank, are scheduled for release in FY26 956.0 Improving BS profitability 1,154.4 NOP +198.4 FY23 1H FY25 1H Domestic Retail Corporate × WM GCIB × GM Asia Platform Leading AM Center GX Value Chain Others Account opening at the time of credit card application increased 1.7*3 times higher, after the release of M-tto FY24 1H FY24 2H FY25 1H FY23 FY24 FY25 FY23 FY24 FY25 No. of account opening under “WN for MUBK” *4,8 YoY Approx. 11.5x FY24 FY25 No. of new account opening*4 YoY Approx. 1.2x No. of card issuance*4,5 YoY Approx. 2x vs FY23 Approx. 3x No. of brokerage account opening under MUeSS*6 Accelerate Group collaboration after consolidation as a 100% subsidiary*7 YoY Approx. 2x
Page 5
5 ②Social & Environmental Progress/③Transformation & Innovation Progress of Sustainable Finance • Increase of sustainable finance and release of new dissemination • Adopt agile management and cutting-edge technology for “AI-Native Company” Progress of AI Strategies Strategic Collaboration with OpenAI MUFG Transition Whitepaper 4.0 (Dec 2025) • Parallel promotion of agile management and use case review for early implementation *1 Carbon Neutral *2 Numbers including generative AI, machine learning, SaaS etc. *3 Estimated financial impact, using the start of current MTBP as a basis and based on certain assumptions and logic (including deemed effects). Figures may change by environmental shifts, target revisions, etc. 34.0 43.5 48.6 13.3 18.4 20.9 23年度 24年度 総額 環境分野 ¥100tn FY30 Target ¥ 50 tn FY23 FY24 Environment area FY25 1H Approx. amount Total • Steady growth in the cumulative results of sustainable finance • Renewable energy (approx. ¥1.4tn) and green loans/bonds (approx. ¥0.9tn) are driving recent progress (¥tn, cumulative record since FY19) Whitepaper 4.0 （2025） • Recent CN initiatives and investment trends in Europe, US, China, India, ASEAN, and Japan • Industry-specific challenges and transition difficulties for advancing CN investment in Japan Whitepaper 1.0 (2022) • Different paths to CN*1 due to regional characteristics Whitepaper 2.0 (2023) • Different policy structures to CN between Europe, US, and Japan. • The progress of Japan's CN Whitepaper 3.0 (2024) • Common challenge of the “price pass-through barrier” and international cooperation Expected Benefit (cumulative)*3 Number of Implemented AI Use Cases (cumulative)*2 74 116 Over 250 FY24 FY25 1H FY26 4.0 10.0 30.0 FY24 FY25 1H FY26 （¥bn） Strategic Business Review Cultivate AI-Native Corporate Culture Summary • Roll out ChatGPT Enterprise to employees • Examine new products for MUFG etc. Potential New Services Plan integrating latest version of OpenAI’s GPT into various services, including digital bank and etc. M-tto Cutting-edge AI tech Innovative customer experience Deploy OpenAI solutions into MUFG Integrate MUFG services into OpenAI ecosystem
Page 6
6 Path towards Mid to Long-Term ROE Target of Approx. 12% • Achieve further profit growth with no gains from the sale of equity holdings *1 The amount of profit growth required to achieve the ROE target varies depending on the financial leverage situation *2 Net profits basis excluding amortization of intangible assets *3 Origination & Distribution FY25 現中計の 成長戦略 本邦政策 金利 上昇影響 政策保有 株式 売却益 オーガニック 成長 イン オーガニック 成長 中長期 ROE approx. 12% Assumptions • BOJ policy rate: approx. 1.0% • No gains from the sale of equity holdings Profit (pre-tax) Growth Image*1 NOP Cumulative total in MTBP +¥500bn Inorganic Growth Japan Asia Global Fee income from O&D*3 business 2x Asia business profit 1.6x*2 Capture finance demand to enhance lending business Growth in diverse fee- based revenues Double-digit ROE in retail business Co-creation of new industries Organic Growth 0.5%～0.5%： +¥130bn 0.5%～1.0%： +¥360bn Impact from BOJ Rate Hikes Environmental Factors ¥ AM/IS Asia / U.S.Digital Investment Area Inorganic Growth FY25 Growth Strategies of MTBP Impact from BOJ Rate Hikes Gains from the Sale of Equity Holdings Organic Growth Mid to long-term
Page 7
7 20 Year Anniversary: Trajectory of Corporate Value Enhancement Committed to Empowering a Brighter Future 2025 MUFG 20 Year Anniversary 2006 • Formation of the Bank of Tokyo- Mitsubishi UFJ (currently MUFG Bank) 2007 • Formation of Mitsubishi UFJ NICOS 2010 • Formation of Mitsubishi UFJ Morgan Stanley Securities, Morgan Stanley MUFG Securities 2005 • Establishment of MUFG • Formation of Mitsubishi UFJ Trust and Banking, Mitsubishi UFJ Securities 2008 • Strategic alliance with Morgan Stanley • Converted UnionBanCal Corporation into a wholly owned subsidiary • Converted ACOM into a subsidiary Strengthened investment banking operations 2005~ 2015 • Transitioned to a Company with Nominating Committee, etc. 2016 • Capital and business alliance with Security Bank Corporation in the Philippines 2018 • Integrated corporate lending operations of the Bank and the Trust Bank 2020 • Capital and business alliance with Grab Holdings Inc. 2013 • Converted Bank of Ayudhya (Krungsri), a major commercial bank in Thailand, into a subsidiary • Capital and operational alliance with Vietnam Joint Stock Commercial Bank (VietinBank) • Converted an Australia-based asset manager, First Sentier Investors (currently First Sentier Group) into a subsidiary 2019 • Converted Bank Danamon, Indonesia, into a subsidiary Enhanced our presence in ASEAN 2012~ 2021 • Established the MUFG Way (renamed from Corporate Vision) • Announced the MUFG Carbon Neutrality Declaration 2022 • Sold MUFG Union Bank • Accelerated investment in Asia’s digital finance sector (Invested in Home Credit, Akulaku, DMI, Mynt, Ascend Money and others) 2023 • Alliance 2.0 - Enhancement of strategic alliance with Morgan Stanley 2024 • Converted Mitsubishi UFJ Asset Management into a wholly owned subsidiary • Converted WealthNavi into a wholly owned subsidiary 2025 • Changed the name of au Kabucom Securities to Mitsubishi UFJ eSmart Securities, and converted into a wholly owned subsidiary • Launched a new service brand “M-tto” • Decided strategic investment in Global AM/IS (converted AlbaCore, Link (currently MUFG Pension & Market Services) into a subsidiary) Challenges to transform the business model 2021~ 2005 Establishment of MUFG
Page 8
8 YoY Adjust. KS impact 1 2,911.8 2,935.7 +23.9 +189.3 2 1,508.5 1,440.0 (68.5) +57.4 3 978.7 1,077.9 +99.2 +126.5 4 424.5 417.7 (6.7) +5.3 5 2.3 2.9 +0.6 － 6 1,606.4 1,648.7 +42.2 +127.9 7 (Expense ratio) 55.1% 56.1% +0.9ppt +0.7ppt 8 1,305.3 1,287.0 (18.3) +61.3 9 (185.7) (76.3) +109.3 +65.7 10 363.9 130.2 (233.7) (235.3) 11 379.7 134.3 (245.3) － 12 257.1 381.9 +124.7 +126.4 13 16.2 23.8 +7.6 +9.1 14 1,756.9 1,746.6 (10.2) +27.4 15 (15.0) 23.8 +38.9 +38.7 16 1,258.1 1,292.9 +34.7 +56.8 <Reference> 17 ROE (JPX basis) 12.6% 12.5% (0.1)ppt － (\bn) FY24 1H FY25 1H Net operating profits Total credit costs Net gains (losses) on equity securities G&A expenses Gross profits (before credit costs for trust accounts) Net interest income Trust fees + Net fees and commissions Net trading profits (losses) + Net other operating profits Profits attributable to owners of parent Net gains (losses) on debt securities Equity in earnings of equity method investees Other non-recurring gains (losses) Ordinary profits (losses) Net extraordinary gains (losses) Net gains (losses) on sales of equity securities Progress vs initial target 58.5% 64.6% Income Statement Summary Income Statement 【Consolidated】 Gross profits (FX impact: approx. +¥10.0bn) • Increased by the impact of rising JPY interest rates, improved interest income including benefits from last year’s bond portfolio rebalancing, growth in various fee revenues from domestic and overseas solution services, and effects of overseas acquisitions G&A expenses (FX impact: approx. ¥(0.0)bn) • In addition to the impact of overseas acquisitions and inflation, expenses increased by strategic expense allocation for the growth • Expense ratio rose slightly by these expenses, however, remained below the control target of around 60% set in the current mid-term business plan Total credit costs • Lower credit costs due to the large reversal of credit cost accounted in this year, and the rebound of large credit costs accounted in overseas last year Equity in earnings of equity method investees • Increased by strong performance of Morgan Stanley and etc. Profits attributable to owners of parent • Achieved historical high record of interim net income for 3 consecutive years • With the inclusion of one-time gains*1, progress toward initial full-year target of ¥2tn stands high level at 64.6% 1 3 5 2 4 1 2 4 3 5 *1 Approx. ¥100.0bn (incl. negative goodwill gain of approx. ¥27.0bn from acquiring shares of JACCS Co., Ltd, gain of approx. ¥20.0bn from KS’s acquisition of Tidlor Holdings PCL as a subsidiary, and gain of approx. ¥17.5bn from the liquidation of a subsidiary, and etc.)
Page 9
9 (Reference) Results by business group (1/4) CWM*1R&D*1 *1 Managerial accounting basis. Local currency basis *2 Consumer Finance *3 Estimated figures on the finalized and fully implemented Basel Ⅲ basis. Includes net unrealized gains on AFS securities *4 Real Estate • Increased NOP by higher interest income capturing JPY interest rate hike and increased revenue in CF*2, which offsets higher expenses, including strategic investments • Net income increased by recognition of one-time gains associated with equity investments • Increased NOP by higher interest income capturing JPY interest rate hike, growth in forex revenues, and increased solution income from securing event deals 【Consolidated】 FY24 1H FY25 1H YoY 450.7 509.4 +58.7 Loan and deposit interest income 117.1 148.7 +31.6 Domestic and foreign settlement / forex 22.6 22.3 (0.3) Investment product sales 23.4 28.5 +5.1 Card settlement 106.6 123.2 +16.6 Consumer finance 155.8 161.7 +5.9 325.0 376.3 +51.2 Expense ratio 72% 74% +2ppt 125.7 133.2 +7.5 37.2 66.7 +29.5 9.1 9.6 +0.5 7.0% 11.0% +4.0ppt RWA*3 (\tn) ROE (\bn) Gross profits Expenses Net operating profits Net income FY24 1H FY25 1H YoY 333.6 395.4 +61.8 Loan and deposit interest income 118.2 175.4 +57.2 Domestic and foreign settlement / forex 48.6 51.1 +2.5 Derivatives, solutions 33.5 39.5 +6.0 RE*4, corporate agency, inheritance 29.7 27.0 (2.7) Investment product sales 96.0 91.7 (4.3) 210.6 223.3 +12.7 Expense ratio 63% 56% (7)ppt 123.0 172.1 +49.1 95.6 124.9 +29.3 16.3 16.8 +0.5 11.5% 15.0% +3.0ppt RWA*3 (\tn) ROE (\bn) Gross profits Expenses Net operating profits Net income
Page 10
10 (Reference) Results by business group (2/4) GCB*1,6JCIB*1 *1 Managerial accounting basis. Local currency basis *2 Domestic business only *3 Real Estate *4 Includes real estate securitization, etc. *5 Estimated figures on the finalized and fully implemented Basel Ⅲ basis. Includes net unrealized gains on AFS securities *6 According to KS, gross profits, expenses and net operating profits include only figures belonging to GCB and exclude figures belonging to other business groups. BDI entity basis. For FY24 1H, adjusted figures excluding KS impact *7 After GAAP adjustment. Excludes figures belonging to Global Markets • Increased NOP by securing the event deals in solutions and primary businesses, and capturing large-scale transactions in real estate • In addition to increase in NOP , net income improved through the containment of credit costs and etc. • KS: NOP declined due to challenges in lending interest income caused by deteriorating market conditions • BDI: While NOP decreased due to lower lending interest income, net income increased by controlled credit costs 【Consolidated】 FY24 1H FY25 1H YoY 451.3 476.7 +25.4 Loan and deposit interest income 248.9 258.0 +9.1 Domestic and foreign settlement / forex *2 44.3 43.5 (0.7) Derivatives, solutions*2 38.4 45.9 +7.5 RE*3, corporate agency 32.4 38.1 +5.7 M&A・DCM･ECM *4 31.3 35.6 +4.3 Overseas Non-Interest income 44.0 44.3 +0.2 177.9 187.5 +9.7 Expense ratio 39% 39% (0)ppt 273.4 289.2 +15.8 221.5 264.7 +43.2 31.1 31.2 +0.2 13.0% 15.5% +2.5ppt RWA*5 (\tn) ROE (\bn) Gross profits Expenses Net operating profits Net income FY24 1H FY25 1H YoY 336.9 328.0 (8.9) KS*7 253.4 244.5 (8.9) BDI 76.4 76.1 (0.3) 182.8 185.8 +2.9 54% 57% +2ppt KS*7 118.9 122.2 +3.4 (Expense ratio) 47% 50% +3ppt BDI 41.9 42.8 +1.0 (Expense ratio) 55% 56% +1ppt 154.1 142.2 (11.9) KS*7 134.5 122.2 (12.3) BDI 34.5 33.3 (1.3) 49.0 60.0 +11.0 KS*7 43.1 42.0 (1.1) BDI 11.1 12.4 +1.4 7.4 7.5 +0.1 9.0% 11.5% +2.5ppt RWA*5 (\tn) ROE (\bn) Gross profits Expenses Net operating profits Net income (Expense ratio)
Page 11
11 (Reference) Results by business group (3/4) GCIB*1 *1 Managerial accounting basis. Local currency basis *2 Project Finance *3 Estimated figures on the finalized and fully implemented Basel Ⅲ basis. Includes net unrealized gains on AFS securities • NOP increased by significant expansion in fee income, supported by increased PF*2 deals in US and EMEA, and increased acquisition finances in APAC • Substantial increase in net income, primarily due to rebound of large credit costs accounted in last year 【Consolidated】 FY24 1H FY25 1H YoY 348.9 377.6 +28.7 Loan and deposit interest income 183.8 181.7 (2.1) Commission 143.3 170.4 +27.2 Forex, derivatives 15.8 17.9 +2.2 DCM・ECM 14.0 14.0 (0.0) 181.7 196.1 +14.4 Expense ratio 52% 52% (0)ppt 167.2 181.5 +14.3 94.3 147.0 +52.7 23.4 24.2 +0.8 8.0% 11.5% +4.0ppt RWA*3 (\tn) ROE (\bn) Gross profits Expenses Net operating profits Net income AM/IS*1 • Despite market volatility at the beginning of fiscal year, NOP increased by growth of asset under management supported by sustained net inflows into domestic investment trusts, and expanded bundled services in IS FY24 1H FY25 1H YoY 210.5 257.4 +47.0 Asset Management 71.9 75.4 +3.5 Investor Services 101.2 141.5 +40.3 Pension 37.3 40.5 +3.2 147.9 184.6 +36.8 Expense ratio 70% 72% +1ppt 62.6 72.8 +10.2 44.2 49.5 +5.2 0.5 0.4 (0.0) 11.5% 14.0% +2.5ppt Economic capital (\tn) ROE (\bn) Gross profits Expenses Net operating profits Net income
Page 12
12 (Reference) Results by business group (4/4) Global Markets*1 *1 Managerial accounting basis. Local currency basis *2 Global Structured Solutions: provide tailor-made solution leveraging strengths of both GCIB and GM *3 Partner Bank *4 Financial Advisor *5 Mandated Lead Arranger • Sales & Trading: NOP decline due to challenges in fixed income caused by reduced liquidity in bond markets • Treasury: Higher interest income from last year’s bond portfolio rebalancing offset the rebound of large trading gains accounted in last year 【Consolidated】 FY24 1H FY25 1H YoY 352.9 348.2 (4.8) Sales & trading 171.5 161.0 (10.4) Treasury 174.8 176.0 +1.2 139.9 143.5 +3.6 Expense ratio 40% 41% +2ppt 213.0 204.7 (8.4) Sales & trading 61.8 45.9 (15.9) Treasury 145.6 148.5 +2.9 143.1 149.5 +6.4 4.4 4.3 (0.0) 10.0% 10.5% +0.5ppt (\bn) Economic capital (\tn) ROE Net income Gross profits Expenses Net operating profits Highlights of Growth Strategies Strengthen domestic retail customer base • Release new service brand “M-tto ” • Card issuance and new account opening are making good progress, while group collaboration is expanding Strengthen corporate x WM business • Strengthening organization and approach to customers • Expanding NOP in WM by enhancing loan related to business succession & AM etc. Evolve GCIB-GM integrated business model • Expect to achieve MTBP target of GCIB-GM ROE ahead of schedule • Enhance both quality and quantity of GSS*2 capability Strengthen APAC business and platform resilience • Strengthening auto business foundations at PB*3s and reforming KS's cost structure • Strengthening CIB business in India Contribute to making Japan a leading AM center • Achieved IS KPI target ahead of schedule • Credit/alternative initiatives are progressing Support value chain in green transformation • Extensive engagement activities both domestically and globally • Accumulated finance achievements in areas such as renewable energy as FA*4/MLA*5 Challenge to build a new business portfolio • Business portfolio is expanding by deepening collaboration with SaaS and entering new areas such as entertainment • Businesses launched last year such as power trading markets business is making progress
Page 13
13 the Bank 711.2 the Trust Bank 89.0 the Securities HD 23.9 MUAM 7.1 NICOS (6.9) ACOM 20.1 KS 63.3 BDI 14.5 FSG 6.8 MS 287.9 Other 75.7 MUFG 1,292.9 (Reference) Breakdown by Entity Breakdown of Net Income*1 Financial Summary of Major Entities*2 *1 The figures reflect the percentage holding in each subsidiary and equity method investee *2 Figures except the Bank and the Trust Bank are approx. and before consolidation adjustments. The equity holding ratio of MUFG is not reflected in net income (ACOM: Approx. 39.6%, KS: Approx. 76.9%, BDI: Approx. 92.5％) *3 YoY figures include the dividend paid by MUAM at approx. ¥46.0bn (pre-tax) in FY24 *4 Excluded the KS impact with the figures before consolidation adjustment and reflection of equity holding ratio (¥bn) (\bn) FY25 FY25 FY25 1H YoY 1H YoY 1H YoY Gross profits 1,470.0 +129.2 199.9 (22.2) 177.7 (7.8) NOP 745.0 +59.1 93.4 (26.5) 33.7 (4.1) Net income 711.2 (3.5) 89.0 (76.3) 23.9 (4.9) (\bn) FY25 FY25 FY25 1H YoY 1H YoY 1H YoY Gross profits 24.0 +1.3 125.0 +16.9 145.6 +8.2 NOP 9.8 +0.4 10.1 (0.2) 93.5 +5.5 Net Income 7.1 +1.7 (6.9) (3.8) 50.9 +21.1 (\bn) FY25 FY25 FY25 1H YoY 1H YoY 1H YoY Gross profits 344.5 +11.3 89.9 (8.9) 43.9 (9.3) NOP 160.8 (0.0) 36.8 (6.0) 9.4 (3.9) Net Income 82.3 +16.8 15.7 +1.1 6.8 (3.6) KS BDI FSG the Bank the Trust Bank the Securities HD MUAM NICOS ACOM 【Consolidated】 *3 *4
Page 14
14 90.8 91.8 92.7 93.0 93.6 94.0 82.1 81.4 83.5 83.6 86.2 84.4 40.6 44.5 47.7 45.6 48.6 48.7 213.6 217.8 224.0 222.4 228.5 227.2 23/3 23/9 24/3 24/9 25/3 25/9 14.6 14.3 14.2 14.1 14.2 14.3 50.2 50.4 52.1 52.1 52.2 54.6 1.7 1.7 2.6 8.1 7.9 5.4 41.2 45.7 46.8 45.2 46.3 48.4 2.5 2.6 2.4 2.1 2.0 1.9110.4 114.8 118.3 121.8 122.9 124.8 23/3 23/9 24/3 24/9 25/3 25/9 Balance Sheet Summary Overview of Balance Sheet Housing Loans Corporates*2 Governments, etc. Overseas*3 Others Individuals*6 Corporates, etc.*6 Overseas*7 Loans (Period End Balance)*1 Deposits (Period End Balance) (¥tn) (¥tn) Overseas: ¥+2.0tn from End Mar 25 (+¥1.3tn excluding FX impact) Overseas: ¥+0.0tn from End Mar 25 (¥(0.4)tn excluding FX impact) (\tn) Total Assets 54.6 94.0 48.4 84.4 5.4 48.7 29.3 32.9 76.4 Deposits Others Net Assets 22.2 (1.2) +0.0 (1.7) +0.4 124.8 227.2+1.8 (8.0) +0.5 193.5 Foreign bonds Domestic bonds BOJ current account*5 (16.7) +4.0 (5.1) (10.5) Others 404.3 (8.7) 154.8 Governments etc. Overseas*3 Corporates*2 (2.5) +2.0 +2.3 Investment Securities*4 Loans*1 Overseas*7 Corporates, etc.*6 Individuals*6 85.9 (0.1) vs End Mar 25 vs End Mar 25 As of End Sep 25 , 【Consolidated】 *1 Banking + trust accounts *2 Domestic only. Excludes loans to governments and governmental institutions and includes foreign currency-denominated loans *3 Loans booked in overseas branches, MUAH, KS, BDI, the Bank (China), the Bank (Malaysia) and the Bank (Europe) *4 Banking accounts *5 Non-consolidated + The Master Trust Bank of Japan *6 Non-consolidated. Domestic only *7 Overseas and others vs End Mar 25
Page 15
15 Domestic Loans Domestic Corporate Lending Spreads*2,4,5 0.65% 0.66% 0.64% 0.64% 0.67% 0.61%0.59% 0.60% 0.62%0.63% 0.4% 0.5% 0.6% 0.7% 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Large corporate SME SME (adjusted) Domestic Deposit / Lending Rates*4,5Loan Balance (Period End Balance)*1 0.89% 0.95%1.04%1.13% 1.18% 0.85% 0.86%0.93%0.95%0.99% 0.04%0.08%0.11%0.17%0.19% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Lending rate Differences in yield between Lending rate and Deposit rate Deposit rate 【Consolidated / Non-Consolidated】 *1 Banking + trust accounts *2 Includes foreign currency-denominated loans *3 Domestic loans to small / medium-sized companies and proprietors, excluding domestic consumer loans *4 Excludes loans to government and governmental institutions *5 On a managerial accounting basis. Non-consolidated *6 Excludes the impact of collective recording of interest received at fiscal year-end via subsidized interest payment programs (¥tn) *6 2022 2023 2024 2025 2022 2023 2024 2025 14.6 14.3 14.2 14.1 14.2 14.3 24.9 25.4 26.0 26.5 27.2 27.8 25.2 24.9 26.1 25.6 25.0 26.8 1.7 1.7 2.6 8.1 7.9 5.466.6 66.5 69.1 74.4 74.5 74.4 23/3 23/9 24/3 24/9 25/3 25/9 ¥(0.0)tn from End Mar 25 Housing loan SME*2,3 Governments, etc. Large Corporate*2
Page 16
16 Overseas Loans Overseas Deposit / Lending Rates Overseas Lending Spreads*3 4.28%4.03%4.10%4.19%4.51% 1.88%1.78%1.82%1.74%1.80% 7.4% 7.1% 7.1% 7.1% 6.9% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q BDI: Net interest margin KS: Net interest margin Non-Consolidated: Differences in yield between Lending rate and Deposit rate*3 *2 Loan Balance (Period End Balance) 【Consolidated / Non-Consolidated】 *1 Financial results as disclosed in BDI’s financial reports based on Indonesia GAAP *2 Financial results as disclosed in KS’s financial reports based on Thai GAAP *3 On a managerial accounting basis. Non-consolidated *4 Estimated figures individually adjusted for large fluctuations related to sold loan assets (¥tn) 1.44%1.41%1.45% 1.40%1.39% 0.9% 1.0% 1.1% 1.2% 1.3% 1.4% 1.5% 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Spreads (overall) Spreads (adjusted) 2022 2023 2024 2025 *4 2022 2023 2024 2025 13.8 15.8 16.2 15.1 15.4 16.1 7.6 8.2 8.3 7.9 8.5 9.2 12.8 13.8 14.5 14.0 14.3 14.4 5.6 6.3 6.3 6.5 6.4 7.0 1.0 1.3 1.4 1.6 1.6 1.5 41.2 45.7 46.8 45.2 46.3 48.4 23/3 23/9 24/3 24/9 25/3 25/9 Americas EMEA Asia / Oceania KS BDI +¥2.0tn from End Mar 25 (+¥1.3tn excluding FX impact) q *1
Page 17
17 (46.1) (5.8) (222.9) (515.5) (331.4) (674.8) (497.9) (108.7) (76.3) 17 18 19 20 21 22 23 24 25 1H the Bank CF Overseas Others EMEA 124.0 155.2 171.5 127.8 91.1 Americas 178.1 102.1 601.5 124.0 126.3 Asia 302.9 370.2 420.7 491.8 487.5 Domestic 866.6 935.8 813.7 786.7 709.5 Breakdown*2 Asset Quality Non-Performing Loans Total Credit Costs *1 Total non-performing loans ÷ Total loans *2 Regions are based on the borrowers’ location *3 Non-consolidated *4 Sum of NICOS and ACOM on a consolidated basis *5 Sum of overseas subsidiaries of the Bank *6 Sum of other subsidiaries and consolidation adjustment (¥bn) (¥bn) FY Build Reversal NPL ratio*1 1,471.8 1,563.4 2,007.5 1,530.4 1,414.6 1.18% 1.26% 1.51% 1.11% 1.01% 22/3 23/3 24/3 25/3 25/9 (76.3) (350.0) (2.9) (4.0) +62.5 +10.3 (43.5) (185.7) FY24 1H the Bank CF Over seas Others FY25 1H FY25 Increase Decrease (¥bn) Breakdown of Changes in Total Credit Costs *4 *6 *5 【Consolidated】 *3 *4 Costs CF (56.9) the Bank 82.3 *5 *6 Overseas (100.9) KS Impact *3
Page 18
18 127 169 276 139 154 137 216 200 FY18-20 FY21-23 FY24-26 (\tn) End Sep 25 vs End Mar 25 End Sep 25 vs End Mar 25 1 23.84 +0.57 ー ー 2 60.70 (0.61) 2.69 +0.49 3 3.83 +0.29 2.82 +0.36 4 17.95 (5.16) (0.29) (0.04) 5 Japanese government bonds 16.21 (4.96) (0.19) (0.03) 6 38.91 +4.25 0.17 +0.18 7 Foreign equity securities 0.77 +0.11 0.11 +0.07 8 Foreign bonds 28.40 +4.21 0.00 +0.11 9 Others 9.73 (0.07) 0.06 (0.00) Balance Unrealized gains (losses) Available-for-sale (AFS) Domestic equity securities Domestic bonds Others Held-to-maturity *1 *1*1*1 (0.12) (0.21) (0.12) (0.13) (0.24) (0.29) (0.2) (0.2) (0.2) (0.2) (0.2) (0.3) 23/3 23/9 24/3 24/9 25/3 25/9 Investment Securities (1/2) Securities with Fair Value *1 On a managerial accounting basis. Approximate amounts *2 Sum of the Bank and the Trust Bank. Approximate amounts *3 Agreed with the client, planning to be sold in this MTBP (1.11) (1.70) (0.99) (0.56) (0.11)(0.7) (0.8) (0.5) (0.5) 23/3 23/9 24/3 24/9 25/3 25/9 Unrealized gains (losses) on domestic bonds reflected hedging positions etc.*1 Unrealized Gains (Losses) on AFS Securities (¥tn) Reduction of Equity Holdings*2 • As of the end of Sep 25, the cumulative sold amount of equity holdings during current MTBP were ¥339bn • Including the remaining agreed but unsold amount, total expected sales during the current MTBP has been increased to ¥539bn Sold amount (Acquisition Cost Basis) Agreed amount*3 539 Total 403 Total 539 FY18 FY19 FY20 FY21 FY22 FY23 (¥bn) 【Consolidated / Non-Consolidated】 Unrealized gains (losses) on foreign bonds reflected hedging positions etc.*1 Target 700 FY24 Sold amount in 1H for each fiscal year 17043 51 50 46 57 55 63 FY25 0.1 0.00.00
Page 19
19 20.8 21.8 22.3 16.8 17.9 11.5 11.0 9.3 8.7 7.5 7.5 7.7 4.0 4.2 4.2 4.9 6.9 9.3 1.1 0.9 0.6 0.9 1.9 0.5 13.5 14.7 14.6 13.1 13.3 13.1 37.0 36.4 35.9 30.3 34.3 29.1 1.5 1.3 1.0 1.9 3.0 3.1 1.4 2.2 2.3 23/3 23/9 24/3 24/9 25/3 25/9 Within 1 year 1 year to 5 years 5 years to 10 years Over 10 years HTM Average duration (year) Average duration (year) Investment Securities (2/2) 3.1 2.9 2.9 3.2 3.4 5.5 7.2 4.5 6.7 6.0 6.5 3.0 4.9 4.3 4.6 4.0 4.5 5.8 9.5 10.9 10.8 13.0 12.1 16.6 24.9 22.8 25.2 26.4 26.7 31.0 5.9 7.0 7.1 6.2 6.0 6.4 5.1 5.6 5.0 4.9 4.5 4.1 23/3 23/9 24/3 24/9 25/3 25/9 Within 1 year 1 year to 5 years 5 years to 10 years Over 10 years HTM Average duration (year) Domestic Bond Balance*1 and Duration*2 Foreign Bond Balance*1 and Duration*2 (¥tn)(¥tn) *1 AFS securities and held-to-maturity (HTM) securities. Non-consolidated *2 AFS securities only. Foreign bond: On a managerial accounting basis, approximate value *3 Average duration including the balance of AFS securities and loans to the Japanese government and governmental organizations 【Non-Consolidated】 *3
Page 20
20 Capital Adequacy 【Consolidated】 (¥bn) End Mar 25 End Sep 25 vs End Mar 25 1 Common Equity Tier 1 Capital (CET1) 15,169.2 15,605.2 +436.0 2 Additional Tier 1 Capital 2,635.6 3,096.7 +461.1 3 Tier 1 Capital 17,804.8 18,702.0 +897.2 4 Tier 2 Capital 2,340.1 2,350.7 +10.6 5 Total Capital (Tier 1+Tier 2) 20,145.0 21,052.8 +907.8 6 Risk Weighted Assets (RWA) 106,930.4 110,808.0 +3,877.5 7 Credit Risk 94,690.2 98,236.3 +3,546.1 8 Market Risk 2,543.8 2,750.3 +206.4 9 Operational Risk 9,696.3 9,821.3 +124.9 10 Floor Adjustment - - - 11 Total Exposures*1 336,033.5 342,895.8 +6,862.2 End Mar 25 End Sep 25 vs End Mar 25 1 CET1 Ratio Including Net Unrealized Gains on AFS Securities 14.18% 14.08% (0.10)% 2 Excluding Net Unrealized Gains on AFS Securities*2 10.8% 10.5% (0.3)% 3 Leverage Ratio 5.29% 5.45% +0.15% 4 External TLAC Ratio RWA Basis 24.64% 25.26% +0.61% 5 Total Exposure Basis*1 9.16% 9.51% +0.34% MTBP Target Range 9.5–10.5% Capital Allocation Results*2 CET1 Ratio （25/3） Profits Attributable to Owners of Parent Investment for Growth, RWA Increase/ Decrease Dividend *1 Deposits with the Bank of Japan is excluded in total exposures *2 Estimated CET1 ratio reflecting the RWA calculated on the finalized and fully implemented Basel Ⅲ basis Excluding Net Unrealized Gains on AFS Securities Share Repurchase Capital RatiosAvailable Capital and RWA 10.8% 10.5% +1.3% (0.4)% (0.3)% (0.5)% CET1 Ratio （25/9） FX Impact, etc. (0.4)%
Page 21
21 214.3 243.1 9.1 (4.9) 91.8 97.0 39.7 36.8 30.8 17.0 38.5 28.6 424.5 *2 417.7 *2 FY23 FY24 319.1 384.2 115.1 123.386.2 91.022.2 23.6102.2 120.241.5 44.9 57.3 53.782.2 58.750.4 39.5102.0 138.4978.7 1,077.9 FY23 FY24 807.3 842.7 97.8 81.4 94.7 99.4 17.5 11.8 384.9 268.7 78.8 71.5 27.3 64.1 1,508.5 1,440.0 (Reference) Breakdown of Gross profits by Entity Net Interest Income Trust Fees + Net Fees and Commissions Net Trading Profits + Net Other Operating Profits （¥bn） （¥bn）（¥bn） *1 Non-consolidated. Includes following gains and losses on investment trusts cancellation: FY24 1H: the Bank ¥84.6bn, the Trust Bank ¥18.2bn | FY25 1H: the Bank ¥0.2bn, the Trust Bank ¥8.0bn, respectively *2 Includes net gains and losses on debt securities of FY24 1H: ¥2.3bn | FY25 1H: ¥2.9bn, respectively 【Consolidated】 Domestic 492.5 Non- Domestic 350.1 Domestic 133.3 Non- Domestic 185.8 Domestic 157.2 Non- Domestic 227.0 the Bank the Trust Bank MUAH the Bank the Trust Bank NICOS KS FSG the Securities HD MUAH the Bank the Securities HD ACOM MUAH KS ACOM MUAM Domestic 409.1 Non- Domestic 398.1 Others Others *1 *1 FY24 1H FY25 1H FY24 1H FY25 1H FY24 1H FY25 1H the Trust Bank KS BDI Others
Page 22
22 1,305.31,287.0 1,652.7 1,396.9 1,189.1 1,515.5 1,501.6 1,507.41,539.21,464.1 1,644.91,557.9 1,418.2 1,232.8 1,078.5 1,184.4 1,248.41,216.7 1,594.2 1,843.7 1,591.1 2,250.0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1H 2H 1,258.1 1,292.9 880.9 636.6 (256.9) 388.7 583.0 981.3 852.6 984.8 1,033.7 951.4 926.4 989.6 872.6 528.1 777.0 1,130.8 1,116.4 1,490.7 1,862.9 2,100.0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1H 2H (Reference) Historical data since MUFG establishment Net Operating Profits Profits Attributable to Owners of Parent 【Consolidated】 （¥bn） （¥bn） Revised Target Revised Target
Page 23
23 Disclaimer • Gross profits: Gross profits before credit costs for trust accounts • Net operating profits: Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses • Total credit costs: Credit costs for trust accounts＋Provision for general allowance for credit losses＋Credit costs＋Reversal of allowance for credit losses＋ Reversal of reserve for contingent losses included in credit costs＋Gains on loans written-off • Consolidated: Mitsubishi UFJ Financial Group (consolidated) • Non-consolidated: MUFG Bank (non-consolidated) + Mitsubishi UFJ Trust and Banking (non-consolidated) (without any adjustments) • R&D: Retail & Digital Business Group • CWM: Commercial Banking & Wealth Management Business Group • JCIB: Japanese Corporate & Investment Banking Business Group • GCB: Global Commercial Banking Business Group • AM/IS: Asset Management & Investor Services Business Group • GCIB: Global Corporate & Investment Banking Business Group • Global Markets: Global Markets Business Group • the Bank: MUFG Bank • the Trust Bank: Mitsubishi UFJ Trust and Banking • the Securities HD: Mitsubishi UFJ Securities Holdings • MUMSS: Mitsubishi UFJ Morgan Stanley Securities • MUAM: Mitsubishi UFJ Asset Management • NICOS: Mitsubishi UFJ NICOS • MUAH: MUFG Americas Holdings • KS: Bank of Ayudhya (Krungsri) • BDI: Bank Danamon • FSG: First Sentier Group • MS: Morgan Stanley Definitions of Figures and Abbreviations Used in This Document This document 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 highlights 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.