Cover Page
Cover Page | 6 Months Ended |
Sep. 30, 2023 | |
Cover [Abstract] | |
Document Type | 6-K |
Entity Registrant Name | MITSUBISHI UFJ FINANCIAL GROUP, INC. |
Document Period End Date | Sep. 30, 2023 |
Amendment Flag | false |
Entity Central Index Key | 0000067088 |
Current Fiscal Year End Date | --03-31 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
ASSETS | ||
Cash and due from banks | ¥ 59,953,857 | ¥ 60,050,640 |
Interest-earning deposits in other banks | 48,957,399 | 53,989,863 |
Cash, due from banks and interest-earning deposits in other banks | 108,911,256 | 114,040,503 |
Call loans, funds sold, and receivables under resale agreements | 19,339,983 | 15,861,426 |
Receivables under securities borrowing transactions | 5,085,189 | 4,555,748 |
Trading account assets (including assets pledged that secured parties are permitted to sell or repledge of ¥11,407,569 and ¥6,676,877 at March 31, 2023 and September 30, 2023) (including ¥19,691,210 and ¥17,278,705 at March 31, 2023 and September 30, 2023 measured at fair value under fair value option) | 51,177,655 | 46,168,461 |
Investment securities: | ||
Available-for-sale debt securities (including assets pledged that secured parties are permitted to sell or repledge of ¥6,277,947 and ¥4,866,092 at March 31, 2023 and September 30, 2023) | 32,372,779 | 35,740,802 |
Held-to-maturity debt securities (including assets pledged that secured parties are permitted to sell or repledge of ¥8,264,085 and ¥6,587,489 at March 31, 2023 and September 30, 2023) (fair value of ¥21,386,156 and ¥24,158,087 at March 31, 2023 and September 30, 2023) | 24,657,026 | 21,520,081 |
Equity securities (including assets pledged that secured parties are permitted to sell or repledge of ¥724 and ¥668 at March 31, 2023 and September 30, 2023) (including ¥4,619,120 and ¥5,188,143 at March 31, 2023 and September 30, 2023 measured at fair value) | 5,659,975 | 5,001,048 |
Total investment securities | 62,689,780 | 62,261,931 |
Loans, net of unearned income, unamortized premiums and deferred loan fees (including assets pledged that secured parties are permitted to sell or repledge of ¥144,288 and ¥137,332 at March 31, 2023 and September 30, 2023) | 124,402,512 | 119,955,460 |
Allowance for credit losses | (1,294,757) | (1,272,898) |
Net loans | 123,107,755 | 118,682,562 |
Premises and equipment—net | 857,991 | 860,578 |
Customers’ acceptance liability | 493,943 | 378,525 |
Intangible assets—net | 1,240,894 | 1,174,223 |
Goodwill | 378,323 | 296,772 |
Other assets (including net of allowance for credit losses of ¥15,918 and ¥15,003 at March 31, 2023 and September 30, 2023) | 18,963,934 | 17,455,004 |
Total assets | 392,246,703 | 381,735,733 |
Deposits: | ||
Domestic offices, non-interest-bearing | 35,132,859 | 35,186,603 |
Domestic offices, interest-bearing | 149,532,407 | 147,716,037 |
Overseas offices, principally interest-bearing | 59,141,701 | 52,374,141 |
Total deposits | 243,806,967 | 235,276,781 |
Call money, funds purchased, and payables under repurchase agreements | 36,813,919 | 43,570,073 |
Payables under securities lending transactions | 1,016,655 | 1,137,693 |
Due to trust account and other short-term borrowings (including ¥49,555 and ¥41,058 at March 31, 2023 and September 30, 2023 measured at fair value under fair value option) | 14,452,706 | 14,309,258 |
Trading account liabilities | 20,315,164 | 14,178,275 |
Bank acceptances outstanding | 493,943 | 378,525 |
Long-term debt (including ¥431,338 and ¥339,840 at March 31, 2023 and September 30, 2023 measured at fair value under fair value option) | 40,457,710 | 39,071,755 |
Other liabilities | 17,432,245 | 17,347,206 |
Total liabilities | 374,789,309 | 365,269,566 |
Commitments and contingent liabilities | ||
Mitsubishi UFJ Financial Group shareholders’ equity: | ||
Capital stock—common stock authorized, 33,000,000,000 shares; common stock issued, 12,687,710,920 shares and 12,687,710,920 shares at March 31, 2023 and September 30, 2023, with no stated value | 2,090,270 | 2,090,270 |
Capital surplus | 4,895,005 | 4,902,155 |
Retained earnings: | ||
Appropriated for legal reserve | 239,571 | 239,571 |
Unappropriated retained earnings | 8,221,772 | 8,169,710 |
Accumulated other comprehensive income, net of taxes | 1,685,007 | 844,192 |
Treasury stock, at cost—665,392,775 common shares and 662,903,215 common shares at March 31, 2023 and September 30, 2023 | (481,237) | (482,552) |
Total Mitsubishi UFJ Financial Group shareholders’ equity | 16,650,388 | 15,763,346 |
Noncontrolling interests | 807,006 | 702,821 |
Total equity | 17,457,394 | 16,466,167 |
Total liabilities and equity | 392,246,703 | 381,735,733 |
Consolidated VIEs | ||
ASSETS | ||
Cash and due from banks | 7,410 | 8,243 |
Interest-earning deposits in other banks | 62,613 | 52,031 |
Trading account assets (including assets pledged that secured parties are permitted to sell or repledge of ¥11,407,569 and ¥6,676,877 at March 31, 2023 and September 30, 2023) (including ¥19,691,210 and ¥17,278,705 at March 31, 2023 and September 30, 2023 measured at fair value under fair value option) | 1,308,287 | 1,367,928 |
Investment securities: | ||
Total investment securities | 2,113,141 | 2,076,737 |
Net loans | 17,349,257 | 16,598,585 |
All other assets | 1,096,817 | 998,096 |
Total assets | 21,937,525 | 21,101,620 |
Deposits: | ||
Total deposits | 0 | 0 |
Long-term debt (including ¥431,338 and ¥339,840 at March 31, 2023 and September 30, 2023 measured at fair value under fair value option) | 374,102 | 406,429 |
Other short-term borrowings | 40,145 | 45,432 |
All other liabilities | 81,875 | 163,075 |
Total liabilities | ¥ 496,122 | ¥ 614,936 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Trading account assets pledged that secured parties are permitted to sell or repledge | ¥ 6,676,877 | ¥ 11,407,569 |
Trading account assets measured at fair value under fair value option | 17,278,705 | 19,691,210 |
Available-for-sale debt securities pledged that secured parties are permitted to sell or repledge | 4,866,092 | 6,277,947 |
Held-to-maturity debt securities pledged that secured parties are permitted to sell or repledge | 6,587,489 | 8,264,085 |
Held-to-maturity debt securities, fair value | 24,158,087 | 21,386,156 |
Equity securities pledged that secured parties are permitted to sell or repledge | 668 | 724 |
Equity securities measured at fair value | 5,188,143 | 4,619,120 |
Financing receivable, before allowance for credit loss | 124,839,339 | 120,356,472 |
Allowance for credit losses | 15,003 | 15,918 |
Due to trust account and other short-term borrowings measured at fair value under fair value option | 41,058 | 49,555 |
Long-term debt measured at fair value under fair value option | ¥ 339,840 | ¥ 431,338 |
Common stock, authorized (in shares) | 33,000,000,000 | 33,000,000,000 |
Common stock, issued (in shares) | 12,687,710,920 | 12,687,710,920 |
Treasury stock, shares (in shares) | 662,903,215 | 665,392,775 |
Asset pledged with permission to sell or repledge | ||
Financing receivable, before allowance for credit loss | ¥ 137,332 | ¥ 144,288 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - JPY (¥) shares in Thousands, ¥ in Millions | 6 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | ||
Interest income: | |||
Loans, including fees | ¥ 2,011,363 | ¥ 1,201,227 | |
Deposits in other banks | 355,192 | 103,477 | |
Investment securities | 355,121 | 237,410 | |
Trading account assets | 360,921 | 250,571 | |
Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions | 193,947 | 30,721 | |
Total | 3,276,544 | 1,823,406 | |
Interest expense: | |||
Deposits | 1,142,035 | 334,538 | |
Call money, funds purchased, and payables under repurchase agreements and securities lending transactions | 461,932 | 106,351 | |
Due to trust account, other short-term borrowings and trading account liabilities | 174,949 | 59,154 | |
Long-term debt | 252,757 | 156,629 | |
Total | 2,031,673 | 656,672 | |
Net interest income | 1,244,871 | 1,166,734 | |
Provision for (reversal of) credit losses | 61,772 | (97,785) | |
Net interest income after provision for (reversal of) credit losses | 1,183,099 | 1,264,519 | |
Non-interest income: | |||
Fees and commissions income | 881,258 | 787,642 | |
Foreign exchange losses —net | (329,089) | (126,755) | |
Trading account losses —net | (940,660) | (1,367,090) | |
Investment securities gains (losses) —net | 743,395 | (493,309) | |
Equity in earnings of equity method investees—net | 214,835 | 186,906 | |
Other non-interest income | 86,876 | 38,856 | |
Total | 656,615 | (973,750) | |
Non-interest expense: | |||
Salaries and employee benefits | 623,877 | 659,606 | |
Occupancy expenses—net | 76,784 | 78,602 | |
Fees and commissions expenses | 189,657 | 161,797 | |
Outsourcing expenses, including data processing | 162,312 | 178,132 | |
Depreciation of premises and equipment | 35,813 | 34,819 | |
Amortization of intangible assets | 141,668 | 133,124 | |
Insurance premiums, including deposit insurance | 44,684 | 36,745 | |
Communications | 29,391 | 29,273 | |
Taxes and public charges | 52,467 | 51,095 | |
Reversal of off-balance sheet credit instruments | (3,646) | (12,112) | |
Reversal of impairment of assets held for sale | 0 | (134,141) | |
Loss on valuation adjustment for loans held for sale held by MUFG Union Bank | 0 | 209,107 | |
Other non-interest expenses | 202,385 | 156,407 | |
Total | 1,555,392 | 1,582,454 | |
Income (loss) before income tax expense (benefit) | 284,322 | (1,291,685) | |
Income tax expense (benefit) | 15,864 | (340,290) | |
Net income (loss) before attribution of noncontrolling interests | 268,458 | (951,395) | |
Net income attributable to noncontrolling interests | 37,677 | 62,734 | |
Net income (loss) attributable to Mitsubishi UFJ Financial Group | 230,781 | (1,014,129) | |
Effect of dilutive instruments: | |||
Restricted stock units and performance stock units | [1] | (1,452) | (1,793) |
Earnings (loss) applicable to common shareholders of Mitsubishi UFJ Financial Group and assumed conversions | ¥ 229,329 | ¥ (1,015,922) | |
Shares used for the computation of basic EPS and diluted EPS (Denominator): | |||
Weighted average common shares outstanding (in shares) | 12,037,251 | 12,500,816 | |
Effect of dilutive instruments: | |||
Stock acquisition rights and the common shares of MUFG under the Board Incentive Plan (in shares) | [1] | 0 | 0 |
Weighted average common shares for diluted computation (in shares) | 12,037,251 | 12,500,816 | |
Earnings (loss) per common share applicable to common shareholders of Mitsubishi UFJ Financial Group | |||
Basic earnings (loss) per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in JPY per share) | ¥ 19.17 | ¥ (81.13) | |
Diluted earnings (loss) per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in JPY per share) | [1] | 19.05 | (81.27) |
Cash dividend per common share (in JPY per share) | ¥ 16 | ¥ 14.50 | |
[1] For the six months ended September 30, 2022 and 2023, the performance-based plan under the Board Incentive Plan could potentially dilute earnings per common share but were not included in the computation of diluted earnings per common share due to their antidilutive effects. |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Statement of Comprehensive Income [Abstract] | ||
Net income (loss) before attribution of noncontrolling interests | ¥ 268,458 | ¥ (951,395) |
Other comprehensive income (loss), net of tax: | ||
Net unrealized losses on investment securities | (162,130) | (193,709) |
Net debt valuation adjustments | (22,260) | 45,485 |
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges | 15 | (21,360) |
Defined benefit plans | 48,965 | (16,865) |
Foreign currency translation adjustments | 1,050,954 | 1,449,622 |
Total | 915,544 | 1,263,173 |
Comprehensive income | 1,184,002 | 311,778 |
Net income attributable to noncontrolling interests | 37,677 | 62,734 |
Other comprehensive income attributable to noncontrolling interests | 74,729 | 65,035 |
Comprehensive income attributable to Mitsubishi UFJ Financial Group | ¥ 1,071,596 | ¥ 184,009 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Equity (Unaudited) - JPY (¥) ¥ in Millions | Total | Capital stock: | Capital surplus: | Retained earnings appropriated for legal reserve: | Unappropriated retained earnings: | Unappropriated retained earnings: Effect of adopting new guidance on troubled debt restructurings and vintage disclosures | Accumulated other comprehensive income, net of taxes: | Treasury stock, at cost: | Total Mitsubishi UFJ Financial Group shareholders’ equity | Noncontrolling interests: |
Balance at beginning of period at Mar. 31, 2022 | ¥ 2,090,270 | ¥ 5,327,772 | ¥ 239,571 | ¥ 8,172,646 | ¥ 227,033 | ¥ (452,224) | ¥ 691,454 | |||
Balance at beginning of period (ASU 2022-02) at Mar. 31, 2022 | ¥ 0 | |||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
Stock-based compensation | (10,190) | |||||||||
Other—net | 242 | 55 | ||||||||
Common stock—¥14.50 per share and ¥16.00 per share in 2022 and 2023 | (182,921) | |||||||||
Net change during the period | ¥ 1,263,173 | 1,198,138 | 65,035 | |||||||
Purchases of shares of treasury stock | (238,784) | |||||||||
Sales of shares of treasury stock | 1,918 | |||||||||
Net increase resulting from changes in interests in consolidated subsidiaries, consolidated VIEs, and affiliated companies | (11) | |||||||||
Initial subscriptions of noncontrolling interests | 16 | |||||||||
Transactions between the consolidated subsidiaries and the related noncontrolling interest shareholders | (3,403) | |||||||||
Decrease in noncontrolling interests related to deconsolidation of subsidiaries | (12,556) | |||||||||
Decrease in noncontrolling interests related to disposition of subsidiaries | 0 | |||||||||
Net income (loss) before attribution of noncontrolling interests | (951,395) | (1,014,129) | 62,734 | |||||||
Dividends paid to noncontrolling interests | (15,158) | |||||||||
Balance at end of period at Sep. 30, 2022 | 16,147,508 | 2,090,270 | 5,317,824 | 239,571 | 6,975,596 | 1,425,171 | (689,101) | ¥ 15,359,331 | 788,177 | |
Balance at beginning of period at Mar. 31, 2023 | 16,466,167 | 2,090,270 | 4,902,155 | 239,571 | 8,169,710 | 844,192 | (482,552) | 702,821 | ||
Balance at beginning of period (ASU 2022-02) at Mar. 31, 2023 | ¥ 13,663 | |||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||
Stock-based compensation | (6,683) | |||||||||
Other—net | (467) | (231) | ||||||||
Common stock—¥14.50 per share and ¥16.00 per share in 2022 and 2023 | (192,382) | |||||||||
Net change during the period | 915,544 | 840,815 | 74,729 | |||||||
Purchases of shares of treasury stock | (68) | |||||||||
Sales of shares of treasury stock | 1,666 | |||||||||
Net increase resulting from changes in interests in consolidated subsidiaries, consolidated VIEs, and affiliated companies | (283) | |||||||||
Initial subscriptions of noncontrolling interests | 34,317 | |||||||||
Transactions between the consolidated subsidiaries and the related noncontrolling interest shareholders | (16,734) | |||||||||
Decrease in noncontrolling interests related to deconsolidation of subsidiaries | (7,405) | |||||||||
Decrease in noncontrolling interests related to disposition of subsidiaries | (817) | |||||||||
Net income (loss) before attribution of noncontrolling interests | 268,458 | 230,781 | 37,677 | |||||||
Dividends paid to noncontrolling interests | (17,351) | |||||||||
Balance at end of period at Sep. 30, 2023 | ¥ 17,457,394 | ¥ 2,090,270 | ¥ 4,895,005 | ¥ 239,571 | ¥ 8,221,772 | ¥ 1,685,007 | ¥ (481,237) | ¥ 16,650,388 | ¥ 807,006 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Equity (Unaudited) (Parenthetical) - ¥ / shares | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Cash dividends: common stock, per share (in JPY per share) | ¥ 16 | ¥ 14.50 |
Unappropriated retained earnings: | ||
Cash dividends: common stock, per share (in JPY per share) | ¥ 16 | ¥ 14.50 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Cash Flows (Unaudited) - JPY (¥) ¥ in Millions | 6 Months Ended | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | Mar. 31, 2023 | |
Cash flows from operating activities: | |||
Net income (loss) before attribution of noncontrolling interests | ¥ 268,458 | ¥ (951,395) | |
Adjustments to reconcile net income (loss) before attribution of noncontrolling interests to net cash provided by operating activities: | |||
Depreciation and amortization | 177,481 | 167,943 | |
Provision for (reversal of) credit losses (Note 4) | 61,772 | (97,785) | |
Reversal of impairment of assets held for sale | 0 | (134,141) | |
Loss on valuation adjustment for loans held for sale held by MUFG Union Bank | 0 | 209,107 | |
Investment securities (gains) losses—net | (743,395) | 493,309 | |
Foreign exchange (gains) losses—net | 484,560 | (182,854) | |
Equity in earnings of equity method investees—net | (214,835) | (186,906) | |
Benefit for deferred income tax expense | (200,007) | (541,331) | |
Increase in trading account assets, excluding foreign exchange contracts | (4,405,363) | (1,224,746) | |
Increase in trading account liabilities, excluding foreign exchange contracts | 4,082,033 | 2,548,147 | |
Increase in accrued interest receivable and other receivables | (138,342) | (68,686) | |
Increase (decrease) in accrued interest payable and other payables | (663,358) | 72,278 | |
Net decrease in accrued income taxes and increase in income tax receivables | (38,880) | (80,915) | |
Net decrease (increase) in collateral for derivative transactions | (737,229) | 658,823 | |
Other—net | (15,161) | (632,966) | |
Net cash provided by (used in) operating activities | (2,082,266) | 47,882 | |
Cash flows from investing activities: | |||
Proceeds from sales of Available-for-sale debt securities (including proceeds from debt securities under the fair value option) | 35,278,674 | 28,509,178 | |
Proceeds from maturities of Available-for-sale debt securities (including proceeds from debt securities under the fair value option) | 15,222,492 | 17,429,364 | |
Purchases of Available-for-sale debt securities (including purchases of debt securities under the fair value option) | (42,823,777) | (39,576,717) | |
Proceeds from maturities of Held-to-maturity debt securities | 226,392 | 44,469 | |
Purchases of Held-to-maturity debt securities | (2,633,518) | (8,392,086) | |
Proceeds from sales and redemption of Equity securities (including proceeds from equity securities under the fair value option) | 1,193,033 | 1,759,782 | |
Acquisition of HC Consumer Finance Philippines, Inc., a subsidiary of Krungsri, net of cash acquired (Note 2) | (55,868) | 0 | |
Purchases of Equity securities (including purchases of equity securities under the fair value option) | (1,351,798) | (1,036,709) | |
Net decrease (increase) in loans | 1,252,246 | (3,623,985) | |
Net increase in call loans, funds sold, and receivables under resale agreements and securities borrowing transactions | (2,635,756) | (33,161) | |
Capital expenditures for premises and equipment | (47,932) | (49,054) | |
Purchases of intangible assets | (152,072) | (134,595) | |
Proceeds from sales of consolidated VIEs and subsidiaries—net | 46,392 | (28,499) | |
Other—net | (31,191) | 62,856 | |
Net cash provided by (used in) investing activities | 3,487,317 | (5,069,157) | |
Cash flows from financing activities: | |||
Net increase in deposits | 2,421,039 | 42,228 | |
Net increase (decrease) in call money, funds purchased, and payables under repurchase agreements and securities lending transactions | (9,771,370) | 4,545,312 | |
Net decrease in due to trust account and other short-term borrowings | (521,193) | (10,018,516) | |
Proceeds from issuance of long-term debt | 2,022,741 | 2,996,406 | |
Repayments of long-term debt | (2,021,065) | (2,049,260) | |
Proceeds from sales of treasury stock | 1,504 | 1,111 | |
Dividends paid | (192,313) | (182,860) | |
Payments for acquisition of treasury stock | (68) | (238,784) | |
Other—net | (43,203) | (16,092) | |
Net cash used in financing activities | (8,103,928) | (4,920,455) | |
Effect of exchange rate changes on cash and cash equivalents | 1,569,102 | 1,968,560 | |
Net decrease in cash and cash equivalents | (5,129,775) | (7,973,170) | |
Cash and cash equivalents at beginning of period | 114,044,090 | 111,111,544 | ¥ 111,111,544 |
Cash, due from banks and interest-earning deposits in other banks | 108,911,256 | 101,684,194 | 114,040,503 |
Restricted cash included in other assets | 3,059 | 12,622 | |
Cash and cash equivalents reclassified as assets held for sale and included in other assets (Note 2) | 0 | 1,441,558 | |
Cash and cash equivalents at end of period | 108,914,315 | 103,138,374 | ¥ 114,044,090 |
Cash paid during the period for: | |||
Interest | 1,983,677 | 552,301 | |
Income taxes, net of refunds | 254,751 | 273,730 | |
Non-cash investing and financing activities: | |||
Assets acquired under finance lease arrangements | 5,022 | 7,308 | |
Assets acquired under operating lease arrangements | 22,905 | 13,582 | |
Reclassification of assets and liabilities in transferred business of MUFG Union Bank to assets and liabilities held for sale (Note 2): | |||
Assets reclassified, excluding cash and cash equivalents | 0 | 1,794,976 | |
Liabilities reclassified | 0 | 2,592,893 | |
Acquisition of HC Consumer Finance Philippines, Inc., a subsidiary of Krungsri, (Note 2): | |||
Fair value of assets acquired, excluding cash and cash equivalents | 151,231 | 0 | |
Fair value of liabilities assumed | ¥ 95,448 | ¥ 0 |
Basis of Semiannual Condensed C
Basis of Semiannual Condensed Consolidated Financial Statements | 6 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of Condensed Consolidated Financial Statements | BASIS OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Description of Business Mitsubishi UFJ Financial Group, Inc. (“MUFG”) is a holding company for MUFG Bank, Ltd. (“MUFG Bank” or “BK”), Mitsubishi UFJ Trust and Banking Corporation (“Mitsubishi UFJ Trust and Banking” or “TB”), Mitsubishi UFJ Securities Holdings Co., Ltd. (“Mitsubishi UFJ Securities Holdings”), Mitsubishi UFJ NICOS Co., Ltd. (“Mitsubishi UFJ NICOS”), and other subsidiaries. Mitsubishi UFJ Securities Holdings is an intermediate holding company for Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (“Mitsubishi UFJ Morgan Stanley Securities”). Through its subsidiaries and affiliated companies, MUFG engages in a broad range of financial operations, including commercial banking, investment banking, trust banking and asset management services, securities businesses, and credit card businesses, and it provides related services to individual and corporate customers. See Note 17 for more information by business segment. Basis of Financial Statements The accompanying condensed consolidated financial statements are presented in Japanese yen, the currency of the country in which MUFG is incorporated and principally operates. The accompanying condensed consolidated financial statements have been prepared on the basis of accounting principles generally accepted in the United States of America (“U.S. GAAP”). In certain respects, the accompanying condensed consolidated financial statements reflect adjustments to conform with U.S. GAAP and therefore are not included in the consolidated financial statements issued by MUFG in accordance with accounting principles generally accepted in Japan (“Japanese GAAP”) and certain of its subsidiaries in accordance with the corresponding applicable statutory requirements and accounting practices in their respective countries of incorporation. The major adjustments include those relating to (1) investment securities, (2) derivative financial instruments, (3) allowance for credit losses, (4) income taxes, (5) consolidation, (6) premises and equipment, (7) transfer of financial assets, (8) accrued severance indemnities and pension liabilities, (9) goodwill and other intangible assets and (10) lease transactions. The accompanying condensed semiannual consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended March 31, 2023. Certain information that would be included in annual financial statements but is not required for reporting purposes under U.S. GAAP has been omitted or condensed. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Accounting Changes Troubled Debt Restructurings and Vintage Disclosures —In March 2022, the Financial Accounting Standards Board (“FASB”) issued new guidance which eliminates the accounting and disclosure requirements for Troubled Debt Restructurings (“TDRs”) by creditors and introduces new required disclosures for loan modifications made to borrowers experiencing financial difficulty. The guidance also amends the requirement for vintage disclosures to disclose current period gross charge-offs by year of origination. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The guidance should be applied prospectively, except for requirements related to the recognition and measurement of TDRs, for which entities have the option to apply a modified retrospective transition method. The MUFG Group adopted the guidance on April 1, 2023, using the modified retrospective transition method on the requirements related to the recognition and measurement of TDRs, and there was no material impact on its financial position and results of operations. The allowance for modified loans is mainly measured using a discounted cash flow methodology that utilizes a discount rate based on the post-modification contractual interest rate, other than those in the Card segment, for which the allowance is measured using collectively-assessed allowance methodology. Recently Issued Accounting Pronouncements Fair Value Measurement of Equity Securities Subject to Contractual Sale Restriction —In June 2022, the FASB issued new guidance which clarifies the guidance when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. The guidance also introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value. This guidance is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The MUFG Group is currently evaluating what effect this guidance will have on its consolidated financial statements and related disclosures. |
Business Developments
Business Developments | 6 Months Ended |
Sep. 30, 2023 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Business Developments | BUSINESS DEVELOPMENTS Sale of MUFG Union Bank and Investment in Shares of U.S. Bancorp In September 2021, the MUFG Group agreed to the sale of all shares in MUFG Union Bank, N.A. (“MUFG Union Bank”), the wholly-owned primary operating subsidiary in the United States, to U.S. Bancorp (“USB”) (hereinafter referred to as the “Share Transfer”). The businesses of MUFG Union Bank that the MUFG Group transferred to USB exclude the Global Corporate & Investment Banking (GCIB) business (with certain exceptions as agreed to by the parties, including certain deposits of the GCIB business that were retained by MUFG Union Bank), the Global Markets business to the extent related to the GCIB business and certain assets and liabilities. that were part of shared middle and back office functions. Under a legal agreement, the assets and liabilities of these operations were transferred to other entities within the MUFG Group prior to the Share Transfer. The carrying amount of any assets that are not covered by the guidance on long-lived assets and included in the disposal group, is necessary to be adjusted in accordance with other applicable guidance before measuring the disposal group by lower of cost or market method. The loss amount, which was recognized through lower of cost or market method from the assets and liabilities held for sale, was ¥134,141 million and recognized during the second half of the fiscal year ended March 31, 2022. However, the fair value less cost to sell exceeded the carrying value as of September 30, 2022, and the reversal of ¥134,141 million, which is included in Reversal of impairment of assets held for sale in the condensed consolidated statements of operations through the six months ended September 30, 2022, was recognized, and as a result, the valuation allowance for assets held for sale was fully reversed as of September 30, 2022. The business of MUFG Union Bank that was transferred to USB recorded pretax losses of ¥346,781 million for the six months ended September 30, 2022. On December 1, 2022, the MUFG Group sold all the issued and outstanding shares of common stock of MUFG Union Bank to USB for the agreed upon consideration, received ¥754.0 billion in cash and 44,374,155 shares, ¥276.1 billion, of USB common stock representing approximately 3% of the outstanding shares subject to future closing adjustments. Additionally, the MUFG Group will receive from USB an additional ¥464.5 billion in cash within five years of the closing date, whose discounted present value at sale was ¥396.6 billion. Before the closing of the share transfer, MUFG Union Bank declared and paid a special dividend of approximately ¥636.8 billion to MUFG’s subsidiary, MUFG Americas Holdings Corporation (“MUAH”). The MUFG Group recorded a pretax gain on the sale of MUFG Union Bank of ¥557,954 million, net of cost to sell the business during the second half of the fiscal year ended March 31, 2023. The business of MUFG Union Bank that was transferred to USB had ¥13,935.6 billion in assets at sale, including ¥2,251.3 billion of interest-earning deposits in other banks, ¥3,123.3 billion of investment securities, and ¥7,567.7 billion of loans. The total amount of liabilities was ¥13,128.0 billion, including ¥11,789.9 billion of deposits. The sale of all shares of MUFG Union Bank was completed on December 1, 2022. In August 2023, after the completion of the sale of MUFG Union Bank, MUFG Bank additionally acquired 24,000,000 shares of the common stock of USB for a purchase price of ¥136.8 billion. Following this investment, MUFG Bank’s total shareholding in USB increased to 4.39%. The proceeds received by USB for the investment were paid to MUAH to reduce the outstanding obligation due within five years of the closing date of the sale simultaneously. The repayment was not reflected on the accompanying condensed consolidated financial statements for the six months ended September 30, 2023 because the MUFG Group consolidates MUAH, based on financial information for the six months ended June 30, 2023. The six-month period of MUAH, which ends on June 30, and MUFG’s six-month period, which ends on September 30, have been treated as coterminous. Acquisition of shares in HC Consumer Finance Philippines, Inc. On June 1, 2023, MUFG Bank and its subsidiary, Krungsri acquired 100% of the shares of HC Consumer Finance Philippines, Inc. (“HC Philippines”) for ¥61,605 million in cash. As a result of the acquisition, Krungsri and MUFG Bank hold 75% and 25% of the shares respectively. The MUFG group intends to strengthen its business in Southeast Asia through the establishment of business platforms in the region in collaboration with partner banks in which MUFG Bank has invested. In executing this strategy, the MUFG Group will continue striving to contribute to the growth of Southeast Asia. The assets acquired and liabilities assumed were recorded at their estimated fair values on the acquisition date. These fair value estimates are considered provisional and are subject to change pending the receipt of additional information in relation to closing date fair values, but not to exceed a period of one year after the closing date of the acquisition. The total assets and liabilities of the acquired business were ¥130,640 million and ¥95,448 million, respectively, and the goodwill resulting from the acquisition was ¥26,328 million and allocated to the Global Commercial Banking Business Group Segment. |
Investment Securities
Investment Securities | 6 Months Ended |
Sep. 30, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | INVESTMENT SECURITIES The following tables present the amortized cost, gross unrealized gains and losses, and fair value of Available-for-sale debt securities and Held-to-maturity debt securities at March 31, 2023 and September 30, 2023: At March 31, 2023: Amortized cost Gross unrealized gains Gross unrealized losses Fair value (in millions) Available-for-sale debt securities: Japanese national government and Japanese government agency bonds ¥ 26,153,862 ¥ 16,510 ¥ 123,769 ¥ 26,046,603 Japanese prefectural and municipal bonds 2,773,750 2,063 15,872 2,759,941 Foreign government and official institution bonds 3,029,042 2,072 108,372 2,922,742 Corporate bonds 1,051,347 9,791 2,977 1,058,161 Residential mortgage-backed securities 1,110,126 569 441 1,110,254 Asset-backed securities 1,418,563 16,116 4,364 1,430,315 Other debt securities 417,755 1,873 6,842 412,786 Total ¥ 35,954,445 ¥ 48,994 ¥ 262,637 ¥ 35,740,802 Held-to-maturity debt securities: Japanese national government and Japanese government agency bonds ¥ 13,860,457 ¥ 32,927 ¥ 19,789 ¥ 13,873,595 Japanese prefectural and municipal bonds 1,144,825 2,473 7,808 1,139,490 Corporate bonds 46,730 213 3 46,940 Residential mortgage-backed securities 3,913,346 13,606 105,754 3,821,198 Asset-backed securities 2,554,723 19 49,809 2,504,933 Total ¥ 21,520,081 ¥ 49,238 ¥ 183,163 ¥ 21,386,156 At September 30, 2023: Amortized Gross unrealized gains Gross unrealized losses Fair value (in millions) Available-for-sale debt securities: Japanese national government and Japanese government agency bonds ¥ 24,004,739 ¥ 6,628 ¥ 204,887 ¥ 23,806,480 Japanese prefectural and municipal bonds 1,448,520 529 13,053 1,435,996 Foreign government and official institution bonds 3,321,914 1,887 176,360 3,147,441 Corporate bonds 993,368 8,886 5,093 997,161 Residential mortgage-backed securities 1,190,027 630 335 1,190,322 Asset-backed securities 1,327,319 10,448 4,196 1,333,571 Other debt securities 469,145 1,610 8,947 461,808 Total ¥ 32,755,032 ¥ 30,618 ¥ 412,871 ¥ 32,372,779 Held-to-maturity debt securities: Japanese national government and Japanese government agency bonds ¥ 15,278,373 ¥ 9,192 ¥ 125,726 ¥ 15,161,839 Japanese prefectural and municipal bonds 1,742,822 69 25,501 1,717,390 Corporate bonds 83,270 70 216 83,124 Residential mortgage-backed securities 4,785,680 — 333,444 4,452,236 Asset-backed securities 2,766,881 883 24,266 2,743,498 Total ¥ 24,657,026 ¥ 10,214 ¥ 509,153 ¥ 24,158,087 Contractual Maturities The amortized cost and fair values of Held-to-maturity debt securities and the fair values of Available-for-sale debt securities at September 30, 2023 by contractual maturity are shown below. Expected maturities may be shorter than contractual maturities because issuers of debt securities may have the right to call or prepay obligations with or without penalties. Debt securities not due at a single maturity date and securities embedded with call or prepayment options, such as mortgage-backed securities, are included in the table below based on their contractual maturities. Held-to-maturity debt securities Available-for-sale debt securities Amortized Fair value Fair value (in millions) Due in one year or less ¥ 2,855,090 ¥ 2,860,151 ¥ 21,295,450 Due from one year to five years 9,204,124 9,180,648 6,105,423 Due from five years to ten years 6,823,850 6,685,577 1,700,974 Due after ten years 5,773,962 5,431,711 3,270,932 Total ¥ 24,657,026 ¥ 24,158,087 ¥ 32,372,779 Realized Gains and Losses For the six months ended September 30, 2022 and 2023, gross realized gains on sales of Available-for-sale debt securities were ¥82,340 million and ¥79,165 million, respectively, and gross realized losses on sales of Available-for-sale debt securities were ¥72,520 million and ¥26,596 million, respectively. Impairment Losses on Investment Securities For the six months ended September 30, 2022, impairment losses on Available-for-sale debt securities of ¥299,478 million were included in Investment securities gains (losses)—net in the accompanying condensed consolidated statements of operations. These were mainly the impairment losses on the Available-for-sale debt securities held by MUFG Union Bank, which were reclassified as held for sale, and then sold on December 1, 2022. For the six months ended September 30, 2023, impairment losses on Available-for-sale debt securities, mainly comprised of corporate bonds, were included in Investment securities gains (losses)—net in the accompanying condensed consolidated statements of operations and were not material. For the six months ended September 30, 2022 and 2023, the MUFG Group’s Held-to-maturity debt securities were guaranteed by Japanese or U.S. government entities or agencies and had a long history of no credit losses or were rated investment grade. Based on the analysis performed, the MUFG Group has the intent and ability to hold these securities to maturity. Therefore, no credit losses were expected on these securities and no impairment loss has been recorded. Gross Unrealized Losses and Fair Value The following tables show the gross unrealized losses and fair value of Available-for-sale debt securities at March 31, 2023 and September 30, 2023 by length of time that individual securities in each category have been in a continuous loss position: Less than 12 months 12 months or more Total At March 31, 2023: Fair value Gross Fair value Gross Fair value Gross Number of securities (in millions, except number of securities) Available-for-sale debt securities: Japanese national government and Japanese government agency bonds ¥ 7,644,337 ¥ 8,066 ¥ 2,105,210 ¥ 115,703 ¥ 9,749,547 ¥ 123,769 438 Japanese prefectural and municipal bonds 962,234 1,781 711,896 14,091 1,674,130 15,872 723 Foreign government and official institution bonds 858,970 18,677 1,436,798 89,695 2,295,768 108,372 118 Corporate bonds 331,411 1,800 249,088 1,177 580,499 2,977 256 Residential mortgage-backed securities 166,778 5 522,774 436 689,552 441 15 Asset-backed securities 310,388 4,170 39,806 194 350,194 4,364 32 Other debt securities 48,804 1,266 47,886 5,576 96,690 6,842 28 Total ¥ 10,322,922 ¥ 35,765 ¥ 5,113,458 ¥ 226,872 ¥ 15,436,380 ¥ 262,637 1,610 Less than 12 months 12 months or more Total At September 30, 2023: Fair value Gross Fair value Gross Fair value Gross Number of (in millions, except number of securities) Available-for-sale debt securities: Japanese national government and Japanese government agency bonds ¥15,513,132 ¥ 11,509 ¥ 2,281,507 ¥ 193,378 ¥ 17,794,639 ¥ 204,887 465 Japanese prefectural and municipal bonds 632,087 2,471 547,689 10,582 1,179,776 13,053 618 Foreign government and official institution bonds 414,975 16,286 2,044,973 160,074 2,459,948 176,360 112 Corporate bonds 223,396 1,646 379,043 3,447 602,439 5,093 298 Residential mortgage-backed securities 50,483 2 310,171 333 360,654 335 10 Asset-backed securities 254,849 3,647 71,708 549 326,557 4,196 26 Other debt securities 342,014 2,186 58,531 6,761 400,545 8,947 88 Total ¥ 17,430,936 ¥ 37,747 ¥ 5,693,622 ¥ 375,124 ¥ 23,124,558 ¥ 412,871 1,617 Evaluating Available-for-sale Debt Securities for Impairment Losses The following describes the nature of the MUFG Group’s Available-for-sale debt securities and the conclusions reached in determining whether impairment losses exist. Japanese national government and Japanese government agency bonds, Japanese prefectural and municipal bonds, Foreign government and official institution bonds As of September 30, 2023, unrealized losses associated with these securities were deemed to be attributable to changes in market interest rates rather than a deterioration in the creditworthiness of the underlying obligor. Based on a consideration of factors, including cash flow analysis, the MUFG Group expects to recover the entire amortized cost basis of these securities. Accordingly, no credit loss was identified as of September 30, 2023 and no impairment loss has been recorded. Corporate bonds As of September 30, 2023, unrealized losses associated with corporate bonds were primarily related to private placement bonds issued by Japanese non-public companies. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining terms of the bonds as estimated using the MUFG Group’s cash flow projections. The key assumptions include probability of default based on credit ratings of the bond issuers and loss given default. Residential mortgage-backed securities As of September 30, 2023, unrealized losses on these securities were primarily driven by securities guaranteed by a U.S. government agency or a government-sponsored agency which are collateralized by residential mortgage loans. Unrealized losses mainly resulted from changes in interest rates and not from changes in credit quality. The MUFG Group determined through analysis that no credit loss was identified on such securities as of September 30, 2023 because the strength of the issuers’ guarantees through direct obligations or support from the U.S. government is expected to be sufficient to recover the entire amortized cost basis of these securities. Asset-backed securities As of September 30, 2023, unrealized losses on these securities were primarily driven by certain collateralized loan obligations (“CLOs”), highly illiquid securities for which fair values are difficult to determine. Unrealized losses arise from widening credit spreads, deterioration of the credit quality of the underlying collateral, uncertainty regarding the valuation of such securities and the market’s view of the performance of the fund managers. When the fair value of a security is lower than its amortized cost or when any security is subject to a deterioration in credit rating, the MUFG Group undertakes a cash flow analysis of the underlying collateral to estimate the credit loss and confirms the intent and ability to hold these securities until recovery. Based on the analysis performed, no credit loss was identified as of September 30, 2023 and no impairment loss has been recorded. Equity Securities The following table presents net realized gains (losses) on sales of equity securities, and net unrealized gains (losses) on equity securities still held at September 30, 2022 and 2023. Six months ended 2022 2023 (in millions) Net gains (losses) recognized during the period (1) ¥ (203,007) ¥ 687,966 Less: Net gains (losses) recognized during the period on equity securities sold during the period (214) 19,195 Net unrealized gains (losses) recognized during the reporting period still held at the reporting date ¥ (202,793) ¥ 668,771 Note: (1) Included in Investment securities gains (losses)—net. Measurement Alternative of Equity Securities The following table presents the carrying value of nonmarketable equity securities that are measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes (“measurement alternative”), held at March 31, 2023 and September 30, 2023. March 31, September 30, (in millions) Measurement alternative balance ¥ 381,928 ¥ 471,832 The related adjustments for these securities during the six months ended September 30, 2022 and 2023 were as follows: Six months ended 2022 2023 (in millions) Measurement alternative impairment losses (1)(4) ¥ (5,155) ¥ (8,187) Measurement alternative downward changes for observable prices (1)(2)(3)(5) ¥ (440) ¥ (1,567) Measurement alternative upward changes for observable prices (1)(2)(3)(6) ¥ 5,090 ¥ 783 Notes: (1) Included in Investment securities gains (losses)—net. (2) Under the measurement alternative, nonmarketable equity securities are carried at cost plus or minus changes resulting from observable prices in orderly transactions for the identical or a similar investment of the same issuer. (3) The MUFG Group applied measurement alternative downward or upward changes to certain nonmarketable equity securities, resulting from observable prices in orderly transactions, such as partial repurchase and transactions by other entities. (4) The cumulative impairment losses at March 31, 2023 and September 30, 2023 were ¥20,151 million and ¥27,784 million, respectively. (5) The cumulative downward changes for observable prices at March 31, 2023 and September 30, 2023 were ¥1,393 million and ¥2,961 million, respectively. (6) The cumulative upward changes for observable prices at March 31, 2023 and September 30, 2023 were ¥59,069 million and ¥59,822 million, respectively. |
Loans and Allowance for Credit
Loans and Allowance for Credit Losses | 6 Months Ended |
Sep. 30, 2023 | |
Receivables [Abstract] | |
Loans and Allowance for Credit Losses | LOANS AND ALLOWANCE FOR CREDIT LOSSES The MUFG Group classifies its loan portfolio into the following portfolio segments—Commercial, Residential, Card, MUAH, Bank of Ayudhya Public Company Limited and its consolidated subsidiaries (“Krungsri”), and Other based on the grouping used by the MUFG Group to determine the allowance for credit losses. The MUFG Group further classifies the Commercial segment into classes based on initial measurement attributes, risk characteristics, and its method of monitoring and assessing credit risk. See Note 1 to the consolidated financial statements for the fiscal year ended March 31, 2023 for further information. However, for the fiscal year ended March 31, 2023, the MUAH segment is included in the Other segment in the respective tables, because its importance as a segment declined as a result of the sale of MUFG Union Bank and an internal reorganization within the MUFG Group. The reorganization involved the transfer of assets, including loans of ¥2,614,535 million from the MUAH segment to the Commercial segment on November 14, 2022. See Note 2 for further information. Total Outstanding Loans and Past Due Analysis The table below presents total outstanding loans and past due analysis by class at March 31, 2023 and September 30, 2023. Past Due At March 31, 2023: 1-3 months Greater Total Current Loans Total Past Due 90 Days and (in millions) Commercial Domestic ¥ 6,599 ¥ 12,485 ¥ 19,084 ¥ 55,519,315 ¥ 87,659 ¥ 55,626,058 ¥ 2,652 Foreign 8,818 33,203 42,021 41,268,228 879,423 42,189,672 12,158 Residential 32,514 11,496 44,010 12,830,845 — 12,874,855 3,342 Card 14,992 26,587 41,579 431,263 — 472,842 — Krungsri 188,802 136,627 325,429 7,457,206 — 7,782,635 — Other 14,241 20,235 34,476 1,375,934 — 1,410,410 — Total ¥ 265,966 ¥ 240,633 ¥ 506,599 ¥ 118,882,791 ¥ 967,082 ¥ 120,356,472 ¥ 18,152 Unearned income, unamortized premiums—net and deferred loan fees—net (401,012) Total ¥ 119,955,460 Past Due At September 30, 2023: 1-3 months Greater Total Current Loans Total Past Due 90 Days and Accruing (in millions) Commercial Domestic ¥ 5,741 ¥ 11,431 ¥ 17,172 ¥ 55,250,944 ¥ 57,876 ¥ 55,325,992 ¥ 2,510 Foreign 1,339 38,029 39,368 44,944,455 997,123 45,980,946 13,183 Residential 34,298 12,879 47,177 12,550,728 — 12,597,905 4,396 Card 15,815 27,762 43,577 434,805 — 478,382 — Krungsri 224,565 167,420 391,985 8,355,723 — 8,747,708 — Other 18,416 29,673 48,089 1,660,317 — 1,708,406 — Total ¥ 300,174 ¥ 287,194 ¥ 587,368 ¥ 123,196,972 ¥ 1,054,999 ¥ 124,839,339 ¥ 20,089 Unearned income, unamortized premiums—net and deferred loan fees—net (436,827) Total ¥ 124,402,512 Nonaccrual Loans Originated loans are generally placed on nonaccrual status when substantial doubt exists as to the full and timely collection of either principal or interest, when principal or interest is contractually past due one month or more with respect to loans within all classes of the Commercial segment, three months or more with respect to loans within the Card, MUAH, and Krungsri segments, and six months or more with respect to loans within the Residential segment. See Note 1 to the consolidated financial statements for the fiscal year ended March 31, 2023 for further information. The information on nonaccrual loans by class at March 31, 2023 and September 30, 2023 are shown below: Recorded Loan Balance March 31, 2023: Nonaccrual Loans (1) Nonaccrual Loans Not Requiring an Allowance for Credit Losses (2) (in millions) Commercial Domestic ¥ 401,836 ¥ 99,657 Foreign 246,675 65,242 Residential 47,910 3,962 Card 67,159 — Krungsri 211,705 3,286 Other 29,848 5 Total ¥ 1,005,133 ¥ 172,152 Recorded Loan Balance September 30, 2023: Nonaccrual Loans (1) Nonaccrual Loans Not Requiring an Allowance for Credit Losses (2) (in millions) Commercial Domestic ¥ 336,679 ¥ 103,914 Foreign 202,085 50,016 Residential 44,874 4,177 Card 70,093 — Krungsri 255,876 3,286 Other 33,791 9 Total ¥ 943,398 ¥ 161,402 Notes: (1) Nonaccrual loans in the above table do not include loans held for sale of ¥9,205 million and ¥14,384 million at March 31, 2023 and September 30, 2023, respectively. (2) These loans do not require an allowance for credit losses because the recorded loan balance equals, or does not exceed, the present value of expected future cash flows discounted at the loans’ effective interest rate, or the fair value of the collateral if the loan is a collateral-dependent loan. The following table shows information regarding recognized interest income on nonaccrual loans for the six months ended September 30, 2022 and 2023: September 30, 2022 (in millions) Commercial Domestic ¥ 10,033 Foreign 2,247 Residential 378 Card 9 MUAH 51 Krungsri 3,250 Other 2,084 Total ¥ 18,052 September 30, 2023 (in millions) Commercial Domestic ¥ 2,209 Foreign 3,534 Residential 276 Card 8 Krungsri 4,641 Other 1,549 Total ¥ 12,217 Troubled Debt Restructurings The following table summarizes the MUFG Group’s TDRs by class for the six months ended September 30, 2022: Six months ended September 30, 2022 Troubled Debt Restructurings Troubled Debt Restructurings that Subsequently Defaulted Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Recorded Investment (in millions) Commercial (1)(3) Domestic ¥ 37,312 ¥ 37,312 ¥ 1,830 Foreign 17,057 17,057 — Residential (1)(3) 8,697 8,697 95 Card (2)(3) 11,408 10,934 1,410 MUAH (2)(3) 8,216 8,216 — Krungsri (2)(3) 48,899 48,899 1,827 Other (2) 7,638 7,638 1,202 Total ¥ 139,227 ¥ 138,753 ¥ 6,364 Notes: (1) TDRs for the Commercial and Residential segments include accruing loans, and do not include nonaccrual loans. (2) TDRs for the Card, MUAH, Krungsri and Other segments include accrual and nonaccrual loans. (3) For the six months ended September 30, 2022, extension of the stated maturity date of loans was the primary concession type in the Commercial, Residential and Krungsri segments, reduction in the stated rate was the primary concession type in the Card segment and forbearance was the primary concession type in the MUAH segment. A modification of terms of a loan under a TDR mainly involves: (i) a reduction in the stated interest rate applicable to the loan, (ii) an extension of the stated maturity date of the loan, (iii) a partial forgiveness of the principal of the loan, or (iv) a combination of all of these. The amount of pre-modification outstanding recorded investment and post-modification outstanding recorded investment may differ due to write-offs made as part of the concession. The impact of write-offs associated with TDRs on the MUFG Group’s results of operations for the six months ended September 30, 2022 was not material. TDRs for the Commercial and Residential segments in the above tables include accruing loans, and do not include nonaccrual loans. Once a loan is classified as a nonaccrual loan, a modification would have little likelihood of resulting in the recovery of the loan in view of the severity of the financial difficulty of the borrower. Therefore, even if a nonaccrual loan is modified, the loan continues to be classified as a nonaccrual loan. The vast majority of modifications to nonaccrual loans are temporary extensions of the maturity dates, typically for periods up to 90 days, and continually made as the borrower is unable to repay or refinance the loan at the extended maturity. Accordingly, the impact of such TDRs on the outstanding recorded investment is immaterial, and the vast majority of nonaccrual TDRs have subsequently defaulted. TDRs that subsequently defaulted in the Commercial and Residential segments in the above tables include those accruing loans that became past due one month or more within the Commercial segment and six months or more within the Residential segment, and those accruing loans reclassified to nonaccrual loans due to financial difficulties even without delinquencies. This is because classification as a nonaccrual loan is regarded as default under the MUFG Group’s credit policy. Also, the MUFG Group defines default as payment default for the purpose of the disclosure. In regards to the Card, MUAH, Krungsri and Other segments, the TDRs in the above tables represent nonaccrual and accruing loans, and the defaulted loans in the above table represent nonaccrual and accruing loans that became past due one month or more within the Card segment, 60 days or more within the MUAH segment, and six months or more within the Krungsri segment. Historical payment defaults are one of the factors considered when projecting future cash flows in determining the allowance for credit losses for each segment. In the Krungsri segment, TDR accounting was suspended for loan modifications, where COVID-19 related short-term modifications (i.e., six months or less) were granted to loans that were current as of the loan modification date, based on interagency statements issued by the U.S. federal bank regulatory agencies. These loan modifications included payment deferrals and reductions in stated rate, and the related borrowers’ past due and nonaccrual status will not be impacted during the deferral period. Interest income will continue to be recognized over the contractual life of the loan. Loan Modifications The following table summarizes the MUFG Group’s loan modifications that were made to borrowers experiencing financial difficulty by class for the six months ended September 30, 2023: Six months ended September 30, 2023: Loan Modifications Made to Borrowers Experiencing Financial Difficulty Loans Modified within 12 months of Subsequent Default Amortized Cost Basis at the Period End Percentage of Total Class of Loans Amortized Cost Basis at the Period End (in millions, except percentages) Commercial (1) Domestic Interest rate reduction ¥ 2,909 0.01 % ¥ — Term extension 146,968 0.27 2,676 Combination of interest rate reduction and term extension 4,774 0.01 — Combination of term extension and principal forgiveness — — — All other modifications and combinations — — — Foreign Interest rate reduction ¥ — — % ¥ — Term extension 101,054 0.22 — Combination of interest rate reduction and term extension — — — Combination of term extension and principal forgiveness — — — All other modifications and combinations — — — Residential (1) Interest rate reduction ¥ — — % ¥ — Term extension 8,491 0.07 60 Combination of interest rate reduction and term extension — — — Combination of term extension and principal forgiveness — — — All other modifications and combinations — — — Card (2) Interest rate reduction ¥ — — % ¥ — Term extension — — — Combination of interest rate reduction and term extension 12,480 2.61 1,472 Combination of term extension and principal forgiveness 121 0.03 1 All other modifications and combinations — — — Krungsri (2) Interest rate reduction ¥ 389 0.00 % ¥ 113 Term extension 193,354 2.21 1,854 Combination of interest rate reduction and term extension 2,134 0.02 122 Combination of term extension and principal forgiveness 464 0.01 834 All other modifications and combinations 884 0.01 142 Other (2) Interest rate reduction ¥ 250 0.01 % ¥ 185 Term extension 1,569 0.09 290 Combination of interest rate reduction and term extension 149 0.01 — Combination of term extension and principal forgiveness — — — All other modifications and combinations — — — Notes: (1) The modified loans for the Commercial and Residential segments include accruing loans, and do not include nonaccrual loans. (2) The modified loans for the Card, Krungsri and Other segments include accrual and nonaccrual loans. Loan modifications made to borrowers experiencing financial difficulty for the Commercial and Residential segments in the above tables include accruing loans, and do not include nonaccrual loans. Once a loan is classified as a nonaccrual loan, a modification would have little likelihood of resulting in the recovery of the loan in view of the severity of the financial difficulty of the borrower. Therefore, even if a nonaccrual loan is modified, the loan continues to be classified as a nonaccrual loan. The vast majority of modifications to nonaccrual loans are temporary extensions of the maturity dates, typically for periods up to 90 days, and continually made as the borrower is unable to repay or refinance the loan at the extended maturity. Accordingly, the impact of such loans on the period-ended amortized cost basis is immaterial, and the vast majority of nonaccrual modified loans have subsequently defaulted. Loans that had a payment default during the period and had been modified to borrowers experiencing financial difficulty at the time of the modification within the previous 12 months preceding the payment default in the Commercial and Residential segments in the above tables include those accruing loans that became past due one month or more within the Commercial segment and six months or more within the Residential segment, and those accruing loans reclassified to nonaccrual loans due to financial difficulties even without delinquencies. This is because classification as a nonaccrual loan is regarded as default under the MUFG Group’s credit policy. Also, the MUFG Group defines default as payment default for the purpose of the disclosure. In regards to the Card, Krungsri and Other segments, loan modifications made to borrowers experiencing financial difficulty in the above tables represent nonaccrual and accruing loans, and the defaulted loans in the above table represent nonaccrual and accruing loans that became past due one month or more within the Card segment, and six months or more within the Krungsri segment. Historical payment defaults are one of the factors considered when determining the allowance for credit losses, and are factored into projecting future cash flows for segments other than the Card segment, for which such default information is considered when using collectively-assessed allowance methodology. The following table provides the financial effect of the modifications made to borrowers experiencing financial difficulty by class for the six months ended September 30, 2023: Six months ended September 30, 2023: Financial Effect Commercial Domestic Interest rate reduction Reduced weighted-average contractual interest rate by 0.06% Term extension Added a weighted-average 0.8 years to the life of loans. Foreign Term extension Added a weighted-average 0.5 years to the life of loans. Residential Term extension Added a weighted-average 1.3 years to the life of loans. Card Interest rate reduction Reduced weighted-average contractual interest rate by 15.24%. Term extension Added a weighted-average 3.0 years to the life of loans. Principal forgiveness Reduced the principal balance of the loans by ¥404 million. Krungsri Interest rate reduction Reduced weighted-average contractual interest rate by 1.24%. Term extension Added a weighted-average 1.7 years to the life of loans. Principal forgiveness Reduced the principal balance of the loans by ¥484 million. Other Interest rate reduction Reduced weighted-average contractual interest rate by 3.40%. Term extension Added a weighted-average 3.0 years to the life of loans. The following table provides the performance of loans that have been modified in the last 12 months to borrowers experiencing financial difficulty by class for the six months ended September 30, 2023: Six months ended September 30, 2023: Payment Status (Amortized Cost Basis at the Period End) Current 1-3 months Past Due Greater Than 3 months Past Due (in millions) Commercial (1) Domestic ¥ 266,915 ¥ 305 ¥ 470 Foreign 108,618 — — Residential (1) 16,094 948 214 Card (2) 16,816 4,270 1,973 Krungsri (2) 298,694 10,727 10,783 Other (2) 4,068 591 188 Total ¥ 711,205 ¥ 16,841 ¥ 13,628 Notes: (1) The modified loans for the Commercial and Residential segments include accruing loans, and do not include nonaccrual loans. (2) The modified loans for the Card, Krungsri and Other segments include accrual and nonaccrual loans. The MUFG Group provided commitments to extend credit to borrowers experiencing financial difficulty that were granted modifications in the form of principal forgiveness, an interest rate reduction, or a term extension for the six months ended September 30, 2023. The amount of such commitments was ¥19,982 million at September 30, 2023. See Note 24 to the consolidated financial statements for the fiscal year ended March 31, 2023 for further discussion of commitments to extend credit. See Note 13 for further information on balance of commitments. Credit Quality Indicator Credit quality indicators of loans and fiscal year of origination by class at March 31, 2023 are shown below: Term Loans Revolving Revolving Total (1) At March 31, 2023: 2022 2021 2020 2019 2018 Prior (in millions) Commercial: ¥ 32,957,651 ¥ 10,100,587 ¥ 8,626,319 ¥ 5,653,421 ¥ 4,385,807 ¥ 9,366,641 ¥ 25,743,172 ¥ 15,050 ¥ 96,848,648 Domestic 20,132,474 6,099,692 6,675,895 4,002,329 3,214,528 7,406,590 8,006,891 — 55,538,399 Normal 19,867,845 5,957,659 6,472,135 3,823,755 3,126,146 6,722,981 7,722,379 — 53,692,900 Close Watch 222,202 124,499 172,270 114,534 74,635 567,514 262,686 — 1,538,340 Likely to become Bankrupt or Legally/Virtually Bankrupt 42,427 17,534 31,490 64,040 13,747 116,095 21,826 — 307,159 Foreign 12,825,177 4,000,895 1,950,424 1,651,092 1,171,279 1,960,051 17,736,281 15,050 41,310,249 Normal 12,508,547 3,931,278 1,857,934 1,577,120 1,083,934 1,824,977 17,540,822 15,050 40,339,662 Close Watch 262,388 34,656 60,637 50,210 71,966 79,450 174,436 — 733,743 Likely to become Bankrupt or Legally/Virtually Bankrupt 54,242 34,961 31,853 23,762 15,379 55,624 21,023 — 236,844 Residential ¥ 688,000 ¥ 747,161 ¥ 607,237 ¥ 919,359 ¥ 811,469 ¥ 9,077,669 ¥ 23,960 ¥ — ¥ 12,874,855 Accrual 687,800 747,121 607,047 918,781 810,933 9,034,589 22,093 — 12,828,364 Nonaccrual 200 40 190 578 536 43,080 1,867 — 46,491 Card ¥ 12 ¥ 147 ¥ 240 ¥ 239 ¥ 181 ¥ 587 ¥ 403,687 ¥ 67,749 ¥ 472,842 Accrual 1 7 10 8 9 37 391,237 14,374 405,683 Nonaccrual 11 140 230 231 172 550 12,450 53,375 67,159 Krungsri ¥ 1,824,628 ¥ 1,046,959 ¥ 654,933 ¥ 692,616 ¥ 515,731 ¥ 605,053 ¥ 2,427,923 ¥ 14,792 ¥ 7,782,635 Performing 1,689,034 956,470 570,865 553,616 406,258 459,322 2,292,418 — 6,927,983 Under-Performing 108,770 66,555 67,504 111,435 85,928 98,103 104,652 — 642,947 Non-Performing 26,824 23,934 16,564 27,565 23,545 47,628 30,853 14,792 211,705 Other ¥ 551,560 ¥ 190,786 ¥ 108,148 ¥ 48,867 ¥ 19,875 ¥ 80,252 ¥ 410,922 ¥ — ¥ 1,410,410 Accrual 549,274 187,638 106,522 47,235 17,832 75,726 396,334 — 1,380,561 Nonaccrual 2,286 3,148 1,626 1,632 2,043 4,526 14,588 — 29,849 Credit quality indicators of loans and fiscal year of origination by class at September 30, 2023, and gross charge-offs for the six months ended September 30, 2023 are shown below: Term Loans Revolving Revolving Total (1) At September 30, 2023: 2023 2022 2021 2020 2019 Prior (in millions) Commercial: ¥ 24,683,463 ¥ 17,014,732 ¥ 8,183,201 ¥ 7,037,786 ¥ 4,794,778 ¥ 11,556,449 ¥ 26,933,190 ¥ 48,340 ¥ 100,251,939 Domestic 14,475,541 8,962,771 5,386,826 5,862,545 3,592,584 9,224,351 7,763,498 — 55,268,116 Normal 14,320,810 8,821,506 5,254,183 5,694,307 3,446,184 8,559,902 7,518,069 — 53,614,961 Close Watch 146,705 126,472 122,444 140,338 80,540 551,639 224,428 — 1,392,566 Likely to become Bankrupt or Legally/Virtually Bankrupt 8,026 14,793 10,199 27,900 65,860 112,810 21,001 — 260,589 Gross charge-offs 1,896 22,519 1,213 918 583 460 865 — 28,454 Foreign 10,207,922 8,051,961 2,796,375 1,175,241 1,202,194 2,332,098 19,169,692 48,340 44,983,823 Normal 9,976,734 7,886,252 2,769,053 1,131,884 1,070,727 2,144,663 18,851,641 48,340 43,879,294 Close Watch 179,305 145,486 27,233 25,793 113,147 122,666 303,862 — 917,492 Likely to become Bankrupt or Legally/Virtually Bankrupt 51,883 20,223 89 17,564 18,320 64,769 14,189 — 187,037 Gross charge-offs 176 330 959 401 149 — 6,474 — 8,489 Residential ¥ 244,078 ¥ 673,841 ¥ 731,671 ¥ 591,262 ¥ 892,586 ¥ 9,442,305 ¥ 22,162 ¥ — ¥ 12,597,905 Accrual 244,072 673,649 731,530 591,025 891,988 9,401,590 20,257 — 12,554,111 Nonaccrual 6 192 141 237 598 40,715 1,905 — 43,794 Gross charge-offs — — — 6 18 435 — — 459 Card ¥ — ¥ 82 ¥ 194 ¥ 266 ¥ 237 ¥ 709 ¥ 406,199 ¥ 70,695 ¥ 478,382 Accrual — 4 6 8 7 40 393,455 14,769 408,289 Nonaccrual — 78 188 258 230 669 12,744 55,926 70,093 Gross charge-offs 6 17 62 51 49 82 4,047 5,844 10,158 Krungsri ¥ 1,193,301 ¥ 1,728,989 ¥ 925,488 ¥ 560,513 ¥ 574,963 ¥ 964,264 ¥ 2,784,735 ¥ 15,455 ¥ 8,747,708 Performing 1,130,458 1,534,215 822,929 478,441 451,429 726,205 2,616,328 — 7,760,005 Under-Performing 52,188 135,884 72,846 65,469 96,467 172,772 136,201 — 731,827 Non-Performing 10,655 58,890 29,713 16,603 27,067 65,287 32,206 15,455 255,876 Gross charge-offs 358 11,594 11,552 6,355 6,036 9,473 14,649 — 60,017 Other ¥ 461,916 ¥ 381,708 ¥ 158,192 ¥ 82,994 ¥ 40,010 ¥ 117,397 ¥ 466,189 ¥ — ¥ 1,708,406 Accrual 461,455 375,823 155,147 81,668 38,720 110,971 450,831 — 1,674,615 Nonaccrual 461 5,885 3,045 1,326 1,290 6,426 15,358 — 33,791 Gross charge-offs 228 5,976 3,602 1,082 557 1,571 2,913 — 15,929 Note: (1) Total loans in the above table do not include loans held for sale, and represent balances without adjustments in relation to unearned income, unamortized premiums and deferred loan fees. For a discussion and explanation of the MUFG Group’s credit quality indicator, see Note 4 to the consolidated financial statements for the fiscal year ended March 31, 2023. For the Commercial, Residential and Card segments, credit quality indicators at March 31, 2023 and September 30, 2023 are based on information as of March 31, 2023 and September 30, 2023, respectively. For the Krungsri and Other segments, credit quality indicators at March 31, 2023 and September 30, 2023 are generally based on information as of December 31, 2022 and June 30, 2023, respectively. Allowance for Credit Losses Effective as of April 1, 2023, the MUFG Group adopted new guidance on measurement of credit losses on financial instruments for loan modifications made to borrowers experiencing financial difficulty. Under the new guidance, the MUFG Group adopts a discounted cash flow methodology that utilizes a discount rate based on the post-modification contractual interest rate, other than those in the Card segment, for which the allowance is measured using collectively-assessed allowance methodology. See Note 1 for further information. Changes in the allowance for credit losses of loans by portfolio segment for the six months ended September 30, 2022 and 2023 are shown below: Six months ended September 30, 2022: Commercial Residential Card MUAH Krungsri Other Total (in millions) Allowance for credit losses: Balance at beginning of period ¥ 934,086 ¥ 69,887 ¥ 40,768 ¥ 30,365 ¥ 322,386 ¥ 73,209 ¥ 1,470,701 Provision for (reversal of) credit losses (164,085) (5,867) 10,326 4,792 39,380 17,669 (97,785) Charge-offs 130,524 110 8,867 10,083 38,792 22,991 211,367 Recoveries collected 6,096 11 431 2,270 12,028 8,989 29,825 Net charge-offs 124,428 99 8,436 7,813 26,764 14,002 181,542 Other (1) 12,307 — — 3,191 40,167 10,198 65,863 Balance at end of period ¥ 657,880 ¥ 63,921 ¥ 42,658 ¥ 30,535 ¥ 375,169 ¥ 87,074 ¥ 1,257,237 Six months ended September 30, 2023: Commercial Residential Card Krungsri Other (2) Total (in millions) Allowance for credit losses: Balance at beginning of period ¥ 719,589 ¥ 59,747 ¥ 42,469 ¥ 358,031 ¥ 93,062 ¥ 1,272,898 Provision for (reversal of) credit losses (17,974) 433 10,255 47,303 21,755 61,772 Charge-offs 36,943 459 10,158 60,017 15,929 123,506 Recoveries collected 9,720 2 393 13,959 8,491 32,565 Net charge-offs 27,223 457 9,765 46,058 7,438 90,941 Other (1)(3) 1,580 — (7,666) 45,955 11,159 51,028 Balance at end of period ¥ 675,972 ¥ 59,723 ¥ 35,293 ¥ 405,231 ¥ 118,538 ¥ 1,294,757 Notes: (1) Other is principally comprised of gains or losses from foreign exchange translation. (2) For the six months ended September 30, 2023, the beginning balance and the ending balance of the Other segment in the above table include the allowance for credit losses of ¥3,428 million and ¥1,151 million, respectively, which were previously included in the MUAH segment. (3) For the six months ended September 30, 2023, Other includes the change in accounting principle related to the recognition and measurement of TDRs which was adopted on April 1, 2023. As a result of accumulating the amounts included in each segment amount, the Total includes negative of ¥18,869 million. The MUFG Group sold ¥1,295 billion and ¥1,206 billion of loans within the Commercial segment during the six months ended September 30, 2022 and 2023, respectively. The MUFG Group sold ¥337 billion of loans within the MUAH segment during the six months ended September 30, 2022. Collateral Dependent Loans The MUFG Group uses, as a practical expedient, the fair value of the collateral when recording the net carrying amounts of loans and determining the allowance for credit losses of such loans, for which the repayment is expected to be provided substantially through the operation or sale of the collateral, when the borrower is experiencing financial difficulty based on the assessment as of the reporting date. For the Commercial, Krungsri and Other segments, collateral relating to these loans was comprised primarily of real estate, and to a lesser extent, exchange traded equity securities and deposits, etc. For the Residential segment, collateral on these loans was mainly real estate. Other Financial Receivable Accounts receivable-Other, which is included in Other assets in the accompanying condensed consolidated balance sheets, amounted to ¥1,794,983 million and ¥1,944,234 million as of March 31, 2023 and September 30, 2023, respectively, and were primarily comprised of receivables relating to the credit card business. The provision or reversal of the allowance for credit losses relating to the receivables was included in Non-interest expense on the condensed consolidated statements of operations. The receivables relating to the credit card business included ¥6,849 million of past due receivables (1-3 months past due receivables of ¥3,173 million and greater than 3 months past due receivables of ¥3,676 million) as of March 31, 2023, and ¥7,439 million of past due receivables (1-3 months past due receivables of ¥3,405 million and greater than 3 months past due receivables of ¥4,034 million) as of September 30, 2023, respectively. The credit quality for these receivables is primarily evaluated based on the extent of delinquency. The outstanding balance of these account receivables are presented on a net basis after allowance for credit losses. The change of allowance for credit losses during the six months ended September 30, 2022 and 2023 is primarily due to provision or reversal of the allowance for the receivables. There are de minimis or zero expected credit losses, for example, for lending and financing transactions, such as Interest-earning deposits in other banks, Call loans and funds sold, Receivables under resale agreements and Receivables under securities borrowing transactions because the term is short and the credit quality of the borrowers is normal. Accrued interest receivable totaled ¥500,506 million and ¥629,985 million as of March 31, 2023 and September 30, 2023, respectively, and is included in Other assets on the condensed consolidated balance sheets. |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 6 Months Ended |
Sep. 30, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The table below presents the movement in the carrying amount of goodwill during the six months ended September 30, 2022 and 2023: Six months ended 2022 2023 (in millions) Balance at beginning of period Goodwill (1)(3) ¥ 1,118,889 ¥ 889,524 Accumulated impairment losses (1)(3) (723,492) (592,752) Less: Goodwill, net of accumulated impairment losses in transferred business of MUFG Union Bank (2) (91,786) — 303,611 296,772 Goodwill acquired during the six months (4) — 59,127 Foreign currency translation adjustments and other 54,093 22,424 Balance at end of period Goodwill 1,172,982 971,075 Accumulated impairment losses (723,492) (592,752) Less: Goodwill, net of accumulated impairment losses in transferred business of MUFG Union Bank (2) ¥ (108,468) ¥ — ¥ 341,022 ¥ 378,323 Notes: (1) Goodwill originally recognized of ¥1,900,019 million, which has been fully impaired before April 1, 2022, is not included in the table above. (2) Represents goodwill, net of accumulated impairment losses in transferred business of MUFG Union Bank, which is included in Other assets in the condensed consolidated balance sheets at September 30, 2022. See Note 2 for more information. (3) For the balance at April 1, 2023, the Goodwill and Accumulated impairment losses in the above table exclude the goodwill and accumulated impairment losses previously recorded for MUFG Union Bank, which was sold during the fiscal year ended March 31, 2023. See Note 2 for further information. (4) Goodwill acquired during the six months ended September 30, 2023 mainly relates to the acquisition of business in the Global Commercial Banking Business Group, including the acquisition of HC Philippines (See Note 2). Other Intangible Assets The table below presents the net carrying amount by major class of other intangible assets at March 31, 2023 and September 30, 2023: March 31, September 30, (in millions) Intangible assets subject to amortization: Software ¥ 833,297 ¥ 887,780 Customer relationships 232,911 241,517 Core deposit intangibles 50,176 50,862 Trade names 38,771 39,647 Other 11,110 13,215 Total 1,166,265 1,233,021 Intangible assets not subject to amortization: Other 7,958 7,873 Total ¥ 1,174,223 ¥ 1,240,894 |
Lease Transactions
Lease Transactions | 6 Months Ended |
Sep. 30, 2023 | |
Leases [Abstract] | |
Lease Transactions | LEASE TRANSACTIONS Lease transactions as a lessor As part of its financing activities, the MUFG Group enters into leasing arrangements with customers. The MUFG Group’s leasing operations are conducted through leasing subsidiaries and consist principally of various types of data processing equipment, office equipment and transportation equipment. Sales type and direct financing leases are presented in loans. In certain cases, the MUFG Group requests lessees to deposit an amount nearly, or equal to, the residual value of leased assets. The following table presents profit or loss of lease transactions as a lessor for the six months ended September 30, 2022 and September 30, 2023: September 30, September 30, (in millions) Sales type and direct financing leases: Finance income on net investment ¥ 61,812 ¥ 68,780 Operating leases: Lease income 1,799 3,937 Total ¥ 63,611 ¥ 72,717 Finance income on net investment is included in Interest income—Loans, including fees in the condensed consolidated statements of operations. Lease income from operating lease transactions is included in Other non-interest income in the condensed consolidated statements of operations. |
Pledged Assets and Collateral
Pledged Assets and Collateral | 6 Months Ended |
Sep. 30, 2023 | |
Financial Instruments Pledged as Collateral [Abstract] | |
Pledged Assets and Collateral | PLEDGED ASSETS AND COLLATERAL At September 30, 2023, assets mortgaged, pledged, or otherwise subject to lien were as follows: September 30, 2023 (in millions) Trading account securities ¥ 7,820,667 Investment securities 23,430,643 Loans 12,197,635 Other 22,929 Total ¥ 43,471,874 The above pledged assets were classified by type of liabilities to which they related as follows: September 30, 2023 (in millions) Deposits ¥ 14,911 Payables under repurchase agreements and securities lending transactions 20,906,911 Other short-term borrowings and long-term debt 22,473,103 Other 76,949 Total ¥ 43,471,874 At September 30, 2023, certain investment securities, principally Japanese national government and Japanese government agency bonds, loans and other assets with a combined carrying value of ¥21,191,472 million were pledged for acting as a collection agent of public funds, for settlement of exchange at the Bank of Japan and Japanese Banks’ Payment Clearing Network, for derivative transactions and for certain other purposes. The MUFG Group engages in on-balance sheet securitizations. These securitizations of mortgage and apartment loans, which do not qualify for sales treatment, are accounted for as secured borrowings. The amount of loans in the table above represents the carrying amount of these transactions with the carrying amount of the associated liabilities included in Other short-term borrowings and Long-term debt. At March 31, 2023 and September 30, 2023, the cash collateral pledged for derivative transactions, which is included in Other assets, was ¥2,585,837 million and ¥3,569,638 million, respectively, and the cash collateral received for derivative transactions, which is included in Other liabilities, was ¥1,318,338 million and ¥1,561,905 million, respectively. |
Severance Indemnities and Pensi
Severance Indemnities and Pension Plans | 6 Months Ended |
Sep. 30, 2023 | |
Retirement Benefits [Abstract] | |
Severance Indemnities and Pension Plans | SEVERANCE INDEMNITIES AND PENSION PLANS The following table summarizes the components of net periodic benefit costs of pension benefits, severance indemnities plans (“SIPs”) and other benefits for the six months ended September 30, 2022 and 2023: Six months ended September 30, Domestic subsidiaries Foreign offices and subsidiaries 2022 2023 2022 2023 Pension benefits and SIPs Pension benefits and SIPs Pension benefits Other benefits Pension benefits Other benefits (in millions) Service cost—benefits earned during the period ¥ 20,580 ¥ 17,788 ¥ 8,281 ¥ 56 ¥ 6,141 ¥ 30 Interest cost on projected benefit obligation 7,131 10,288 7,667 340 4,345 594 Expected return on plan assets (42,328) (41,218) (18,381) (1,338) (5,574) (732) Amortization of net actuarial loss (gain) 346 925 3,896 (77) 837 584 Amortization of prior service cost (650) (973) (1,607) (212) (435) (208) Loss (gain) on settlements and curtailment (2,121) (6,393) — — 974 — Net periodic benefit cost (income) ¥ (17,042) ¥ (19,583) ¥ (144) ¥ (1,231) ¥ 6,288 ¥ 268 |
Offsetting of Derivatives, Repu
Offsetting of Derivatives, Repurchase Agreements, and Securities Lending Transactions | 6 Months Ended |
Sep. 30, 2023 | |
Offsetting [Abstract] | |
Offsetting of Derivatives Repurchase Agreements and Securities Lending Disclosure | OFFSETTING OF DERIVATIVES, REPURCHASE AGREEMENTS, AND SECURITIES LENDING TRANSACTIONS The following tables present, as of March 31, 2023 and September 30, 2023, the gross and net amounts of the derivatives, resale and repurchase agreements, and securities borrowing and lending transactions, including the related gross amounts subject to an enforceable master netting arrangement or similar agreement not offset in the condensed consolidated balance sheets. The MUFG Group primarily enters into International Swaps and Derivatives Association master netting agreements, master repurchase agreements and master securities lending agreements or similar agreements for derivative contracts, resale and repurchase agreements, and securities borrowing and lending transactions. In the event of default on or termination of any one contract, these agreements provide the contracting parties with the right to net a counterparty’s rights and obligations and to liquidate and set off collateral against any net amount owed by the counterparty. Generally, as the MUFG Group has elected to present such amounts on a gross basis, the amounts subject to these agreements are included in “Gross amounts not offset in the condensed consolidated balance sheet” column in the tabular disclosure below. For certain transactions where a legal opinion with respect to the enforceability of netting has not been sought or obtained, the related amounts are not subject to enforceable master netting agreements and not included in “Gross amounts not offset in the condensed consolidated balance sheet” column in the tabular disclosure below. Gross Gross amounts offset in the condensed consolidated balance sheet Net amounts presented in the condensed consolidated balance sheet Gross amounts not offset in the condensed consolidated balance sheet Net amounts At March 31, 2023: Financial instruments Cash collateral received/pledged (in billions) Financial assets: Derivative assets ¥ 12,911 ¥ — ¥ 12,911 ¥ (9,902) ¥ (690) ¥ 2,319 Receivables under resale agreements 16,152 (2,093) 14,059 (13,391) (32) 636 Receivables under securities borrowing transactions 4,630 (74) 4,556 (4,478) — 78 Total ¥ 33,693 ¥ (2,167) ¥ 31,526 ¥ (27,771) ¥ (722) ¥ 3,033 Financial liabilities: Derivative liabilities ¥ 13,833 ¥ — ¥ 13,833 ¥ (9,668) ¥ (1,489) ¥ 2,676 Payables under repurchase agreements 42,172 (2,040) 40,132 (39,232) (76) 824 Payables under securities lending transactions 1,212 (74) 1,138 (1,108) (18) 12 Obligations to return securities received as collateral 6,892 — 6,892 (1,975) — 4,917 Total ¥ 64,109 ¥ (2,114) ¥ 61,995 ¥ (51,983) ¥ (1,583) ¥ 8,429 Gross Gross amounts offset in the condensed consolidated balance sheet Net amounts presented in the condensed consolidated balance sheet Gross amounts not offset in the condensed consolidated balance sheet Net amounts At September 30, 2023: Financial instruments Cash collateral received/pledged (in billions) Financial assets: Derivative assets ¥ 18,554 ¥ — ¥ 18,554 ¥ (14,849) ¥ (1,100) ¥ 2,605 Receivables under resale agreements 19,029 (2,659) 16,370 (15,670) (9) 691 Receivables under securities borrowing transactions 5,166 (81) 5,085 (4,811) — 274 Total ¥ 42,749 ¥ (2,740) ¥ 40,009 ¥ (35,330) ¥ (1,109) ¥ 3,570 Financial liabilities: Derivative liabilities ¥ 20,105 ¥ — ¥ 20,105 ¥ (14,364) ¥ (2,404) ¥ 3,337 Payables under repurchase agreements 35,529 (2,569) 32,960 (31,587) (124) 1,249 Payables under securities lending transactions 1,098 (81) 1,017 (986) (11) 20 Obligations to return securities received as collateral 6,895 — 6,895 (1,437) — 5,458 Total ¥ 63,627 ¥ (2,650) ¥ 60,977 ¥ (48,374) ¥ (2,539) ¥ 10,064 |
Repurchase Agreements and Secur
Repurchase Agreements and Securities Lending Transactions Accounted for as Secured Borrowings | 6 Months Ended |
Sep. 30, 2023 | |
Disclosure of Repurchase Agreements [Abstract] | |
Repurchase Agreements and Securities Lending Transactions Accounted for as Secured Borrowings | REPURCHASE AGREEMENTS AND SECURITIES LENDING TRANSACTIONS ACCOUNTED FOR AS SECURED BORROWINGS The following tables present gross obligations for payables under repurchase agreements, payables under securities lending transactions and obligations to return securities received as collateral by remaining contractual maturity and class of collateral pledged at March 31, 2023 and September 30, 2023. Potential risks associated with these arrangements primarily relate to market and liquidity risks. To manage risks associated with market exposure, the MUFG Group generally revalues the collateral underlying its repurchase agreements and securities lending transactions on a daily basis and monitors the value of the underlying securities, consisting of primarily high-quality securities such as Japanese national government and Japanese government agency bonds, and foreign government and official institution bonds. In the event the market value of such securities falls below the related agreements at contract amounts plus accrued interest, the MUFG Group may be required to deposit additional collateral when appropriate. To address liquidity risks, the MUFG Group conducts stress tests to ensure the adequate level of liquidity is maintained in the event of a decline in the fair value of any collateral pledged. March 31, 2023 Remaining Contractual Maturity Overnight and open 30 days or less 31-90 days Over 90 days Total (in billions) Payables under repurchase agreements ¥ 8,593 ¥ 23,546 ¥ 8,393 ¥ 1,640 ¥ 42,172 Payables under securities lending transactions 947 191 5 69 1,212 Obligations to return securities received as collateral 5,516 642 404 330 6,892 Total ¥ 15,056 ¥ 24,379 ¥ 8,802 ¥ 2,039 ¥ 50,276 September 30, 2023 Remaining Contractual Maturity Overnight and open 30 days or less 31-90 days Over 90 days Total (in billions) Payables under repurchase agreements ¥ 11,525 ¥ 12,729 ¥ 7,680 ¥ 3,595 ¥ 35,529 Payables under securities lending transactions 1,015 — 6 77 1,098 Obligations to return securities received as collateral 6,233 256 127 279 6,895 Total ¥ 18,773 ¥ 12,985 ¥ 7,813 ¥ 3,951 ¥ 43,522 Secured borrowing by the class of collateral pledged at March 31, 2023 and September 30, 2023 was as follows: March 31, 2023 Payables under repurchase agreements Payables under securities lending transactions Obligations to return securities received as collateral Total (in billions) Japanese national government and Japanese government agency bonds ¥ 13,280 ¥ 577 ¥ 3,956 ¥ 17,813 Foreign government and official institution bonds 17,618 9 1,122 18,749 Corporate bonds 657 70 400 1,127 Residential mortgage-backed securities 9,650 — — 9,650 Other debt securities 552 — 46 598 Marketable equity securities 367 556 1,368 2,291 Other 48 — — 48 Total ¥ 42,172 ¥ 1,212 ¥ 6,892 ¥ 50,276 September 30, 2023 Payables under repurchase agreements Payables under securities lending transactions Obligations to return securities received as collateral Total (in billions) Japanese national government and Japanese government agency bonds ¥ 12,686 ¥ 254 ¥ 4,013 ¥ 16,953 Foreign government and official institution bonds 13,357 7 965 14,329 Corporate bonds 908 77 354 1,339 Residential mortgage-backed securities 7,563 — — 7,563 Other debt securities 454 — 43 497 Marketable equity securities 534 735 1,520 2,789 Other 27 25 — 52 Total ¥ 35,529 ¥ 1,098 ¥ 6,895 ¥ 43,522 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Sep. 30, 2023 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Accumulated Other Comprehensive Income (Loss) | ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the changes in Accumulated other comprehensive income (loss) (“Accumulated OCI”), net of tax and net of noncontrolling interests, for the six months ended September 30, 2022 and 2023: Six months ended 2022 2023 (in millions) Accumulated other comprehensive income (loss), net of taxes: Net unrealized losses on investment securities: Balance at beginning of period ¥ (674,230) ¥ (883,466) Net change during the period (218,267) (157,542) Balance at end of period ¥ (892,497) ¥ (1,041,008) Net debt valuation adjustments: Balance at beginning of period ¥ (14,538) ¥ 3,268 Net change during the period 45,485 (22,260) Balance at end of period ¥ 30,947 ¥ (18,992) Net unrealized gains (losses) on derivatives qualifying for cash flow hedges: Balance at beginning of period ¥ 5,969 ¥ 594 Net change during the period (21,686) 13 Balance at end of period ¥ (15,717) ¥ 607 Defined benefit plans: Balance at beginning of period ¥ 29,124 ¥ 8,304 Net change during the period (16,948) 48,926 Balance at end of period ¥ 12,176 ¥ 57,230 Foreign currency translation adjustments: Balance at beginning of period ¥ 880,708 ¥ 1,715,492 Net change during the period 1,409,554 971,678 Balance at end of period ¥ 2,290,262 ¥ 2,687,170 Balance at end of period ¥ 1,425,171 ¥ 1,685,007 The following table presents the before tax and net of tax changes in each component of Accumulated OCI for the six months ended September 30, 2022 and 2023: Six months ended September 30, 2022 2023 Before tax Tax (expense) or benefit Net of tax Before tax Tax (expense) or benefit Net of tax (in millions) Net unrealized gains (losses) on investment securities: Net unrealized losses on investment securities ¥ (534,655) ¥ 132,963 ¥ (401,692) ¥ (147,389) ¥ 23,204 ¥ (124,185) Reclassification adjustment for losses (gains) included in net income (loss) before attribution of noncontrolling interests 296,064 (88,081) 207,983 (51,965) 14,020 (37,945) Net change (238,591) 44,882 (193,709) (199,354) 37,224 (162,130) Net unrealized gains (losses) on investment securities attributable to noncontrolling interests 24,558 (4,588) Net unrealized losses on investment securities attributable to Mitsubishi UFJ Financial Group (218,267) (157,542) Net debt valuation adjustments: Net debt valuation adjustments 65,470 (20,047) 45,423 (32,387) 9,917 (22,470) Reclassification adjustment for losses included in net income (loss) before attribution of noncontrolling interests 89 (27) 62 302 (92) 210 Net change 65,559 (20,074) 45,485 (32,085) 9,825 (22,260) Net debt valuation adjustments attributable to noncontrolling interests — — Net debt valuation adjustments attributable to Mitsubishi UFJ Financial Group 45,485 (22,260) Net unrealized gains (losses) on derivatives qualifying for cash flow hedges: Net unrealized gains (losses) on derivatives qualifying for cash flow hedges (22,892) 6,571 (16,321) 3,029 (599) 2,430 Reclassification adjustment for gains included in net income (loss) before attribution of noncontrolling interests (6,701) 1,662 (5,039) (3,013) 598 (2,415) Net change (29,593) 8,233 (21,360) 16 (1) 15 Net unrealized gains on derivatives qualifying for cash flow hedges attributable to noncontrolling interests 326 2 Net unrealized gains (losses) on derivatives qualifying for cash flow hedges attributable to Mitsubishi UFJ Financial Group (21,686) 13 Defined benefit plans: Defined benefit plans (23,354) 6,682 (16,672) 75,036 (22,992) 52,044 Reclassification adjustment for gains included in net income (loss) before attribution of noncontrolling interests (443) 250 (193) (4,612) 1,533 (3,079) Net change (23,797) 6,932 (16,865) 70,424 (21,459) 48,965 Defined benefit plans attributable to noncontrolling interests 83 39 Defined benefit plans attributable to Mitsubishi UFJ Financial Group (16,948) 48,926 Foreign currency translation adjustments: Foreign currency translation adjustments 1,654,830 (196,704) 1,458,126 1,200,624 (146,735) 1,053,889 Reclassification adjustment for gains included in net income (loss) before attribution of noncontrolling interests (12,257) 3,753 (8,504) (4,231) 1,296 (2,935) Net change 1,642,573 (192,951) 1,449,622 1,196,393 (145,439) 1,050,954 Foreign currency translation adjustments attributable to noncontrolling interests 40,068 79,276 Foreign currency translation adjustments attributable to Mitsubishi UFJ Financial Group 1,409,554 971,678 Other comprehensive income attributable to Mitsubishi UFJ Financial Group ¥ 1,198,138 ¥ 840,815 The following table presents the effect of the reclassification of significant items out of Accumulated OCI on the respective line items of the accompanying condensed consolidated statements of operations for the six months ended September 30, 2022 and 2023: Six months ended 2022 2023 Details of Accumulated OCI components Amount reclassified out of Accumulated OCI Line items in the consolidated statements of operations (in millions) Net unrealized losses (gains) on investment securities Net gains on sales and redemptions of Available-for-sale debt securities ¥ (9,738) ¥ (52,655) Investment securities gains (losses)—net Impairment losses on investment securities 299,281 2 Investment securities gains (losses)—net Other 6,521 688 296,064 (51,965) Total before tax (88,081) 14,020 Income tax expense (benefit) ¥ 207,983 ¥ (37,945) Net of tax Net debt valuation adjustments ¥ 89 ¥ 302 Equity in earnings of equity method investees—net 89 302 Total before tax (27) (92) Income tax expense (benefit) ¥ 62 ¥ 210 Net of tax Net unrealized losses (gains) on derivatives qualifying for cash flow hedges Interest rate contracts ¥ (5,173) ¥ — Interest income on Loans, including fees Foreign exchange contracts (1,528) (3,013) Interest expense on Long-term debt or Foreign exchange losses—net (6,701) (3,013) Total before tax 1,662 598 Income tax expense (benefit) ¥ (5,039) ¥ (2,415) Net of tax Defined benefit plans Net actuarial loss (1) ¥ 4,165 ¥ 2,346 Other non-interest expenses Prior service cost (1) (2,469) (1,616) Other non-interest expenses Gain on settlements and curtailment, and other (1) (2,139) (5,342) Other non-interest expenses (443) (4,612) Total before tax 250 1,533 Income tax expense (benefit) ¥ (193) ¥ (3,079) Net of tax Foreign currency translation adjustments ¥ (12,257) ¥ (4,231) Other non-interest income (12,257) (4,231) Total before tax 3,753 1,296 Income tax expense (benefit) ¥ (8,504) ¥ (2,935) Net of tax Total reclassifications for the period ¥ 276,752 ¥ (63,519) Total before tax (82,443) 17,355 Income tax expense (benefit) ¥ 194,309 ¥ (46,164) Net of tax Note: (1) These Accumulated OCI components are components of net periodic benefit cost. See Note 8 for more information. |
Derivative Financial Instrument
Derivative Financial Instruments | 6 Months Ended |
Sep. 30, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | DERIVATIVE FINANCIAL INSTRUMENTS The MUFG Group uses various derivative financial instruments both for trading purposes and for purposes other than trading (primarily risk management purposes) in the normal course of business to meet the financial needs of its customers, as a source of revenue and to manage its exposures to a variety of risks. See Note 23 to the consolidated financial statements for the fiscal year ended March 31, 2023 for a further discussion of the MUFG Group’s use of derivative instruments. During the six months ended September 30, 2023, there was no change in the MUFG Group’s use of derivative instruments that had a material impact on the MUFG Group’s financial position and results of operations. Notional Amounts of Derivative Contracts The following table summarizes the notional amounts of derivative contracts at March 31, 2023 and September 30, 2023: Notional amounts (1) March 31, September 30, 2023 (in trillions) Interest rate contracts ¥ 1,625.6 ¥ 1,742.9 Foreign exchange contracts 307.4 322.4 Equity contracts 5.3 6.0 Commodity contracts 0.1 0.2 Credit derivatives 11.5 6.7 Other 3.2 3.3 Total ¥ 1,953.1 ¥ 2,081.5 Note: (1) Includes both written and purchased positions. Impact of Derivatives on the Condensed Consolidated Balance Sheets The following table summarizes fair value information on derivative instruments that are recorded on the MUFG Group’s condensed consolidated balance sheets at March 31, 2023 and September 30, 2023: Fair value of derivative instruments March 31, 2023 (1)(5) September 30, 2023 (1)(5) Not designated as hedges (2) Designated as hedges (3) Total derivatives (4) Not designated as hedges (2) Designated as hedges (3) Total derivatives (4) (in billions) Derivative assets: Interest rate contracts ¥ 7,445 ¥ — ¥ 7,445 ¥ 11,151 ¥ — ¥ 11,151 Foreign exchange contracts 5,276 5 5,281 7,176 8 7,184 Equity contracts 90 — 90 150 — 150 Commodity contracts 10 — 10 19 — 19 Credit derivatives 80 — 80 50 — 50 Other (6) 5 — 5 — — — Total derivative assets ¥ 12,906 ¥ 5 ¥ 12,911 ¥ 18,546 ¥ 8 ¥ 18,554 Derivative liabilities: Interest rate contracts ¥ 8,697 ¥ — ¥ 8,697 ¥ 12,809 ¥ — ¥ 12,809 Foreign exchange contracts 5,018 — 5,018 7,202 — 7,202 Equity contracts 128 — 128 125 — 125 Commodity contracts 10 — 10 19 — 19 Credit derivatives 90 — 90 72 — 72 Other (6) (110) — (110) (122) — (122) Total derivative liabilities ¥ 13,833 ¥ — ¥ 13,833 ¥ 20,105 ¥ — ¥ 20,105 Notes: (1) The fair value of derivative instruments is presented on a gross basis even when derivative instruments are subject to master netting agreements. Cash collateral payable and receivable associated with derivative instruments are not added to or netted against the fair value amounts. (2) The derivative instruments which are not designated as a hedging instrument are held for trading and risk management purposes, and are presented in Trading account assets and liabilities except for (6). (3) The MUFG Group adopts hedging strategies and applies hedge accounting to certain derivative transactions entered into by certain subsidiaries. The derivative instruments which are designated as hedging instruments are presented in Other assets or Other liabilities on the accompanying condensed consolidated balance sheets. (4) This table does not include contracts with embedded derivatives for which the fair value option has been elected. (5) For more information about fair value measurement and assumptions used to measure the fair value of derivatives, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. (6) Other mainly includes bifurcated embedded derivatives carried at fair value, which are presented in Loans, Deposits and Long-term debt. Impact of Derivatives on the Condensed Consolidated Statements of Operations The following table provides more detailed information regarding the derivative-related impact on the accompanying condensed consolidated statements of operations for the six months ended September 30, 2022 and 2023: Trading and risk management derivatives gains and losses (Not designated as hedging instruments) Foreign exchange gains (losses)—net Trading account profits (losses)—net Total (in billions) Six months ended September 30, 2022: Interest rate contracts ¥ — ¥ 64 ¥ 64 Foreign exchange contracts (168) — (168) Equity contracts — (24) (24) Credit derivatives — (2) (2) Other (1) (8) 23 15 Total ¥ (176) ¥ 61 ¥ (115) Six months ended September 30, 2023: Interest rate contracts ¥ — ¥ (219) ¥ (219) Foreign exchange contracts (385) — (385) Equity contracts — (268) (268) Credit derivatives — (20) (20) Other (1) (8) (32) (40) Total ¥ (393) ¥ (539) ¥ (932) Note: (1) Other mainly includes bifurcated embedded derivatives carried at fair value, which are presented in Loans, Deposits and Long-term debt. Credit Derivatives The MUFG Group enters into credit derivatives to manage its credit risk exposure, to facilitate client transactions, and for proprietary trading purposes, under which they provide the counterparty protection against the risk of default on a set of debt obligations issued by a specified reference entity or entities. See Note 23 to the consolidated financial statements for the fiscal year ended March 31, 2023 for a more detailed explanation and discussion of credit derivatives. The table below summarizes certain information regarding protection sold through credit derivatives as of March 31, 2023 and September 30, 2023: Protection sold Maximum potential/Notional amount by expiration period Fair value At March 31, 2023: 1 year or less 1-5 years Over 5 years Total (Asset)/ Liability (1) (in millions) Single name credit default swaps: Investment grade (2) ¥ 616,504 ¥ 2,222,393 ¥ 529,796 ¥ 3,368,693 ¥ (30,117) Non-investment grade 163,982 313,135 48,177 525,294 13,477 Total 780,486 2,535,528 577,973 3,893,987 (16,640) Index and basket credit default swaps : Investment grade (2) — 217,259 1,596 218,855 (1,266) Non-investment grade 37,359 599,638 6,200 643,197 (7,121) Not rated — 435,452 3,192 438,644 (3,329) Total 37,359 1,252,349 10,988 1,300,696 (11,716) Total credit default swaps sold ¥ 817,845 ¥ 3,787,877 ¥ 588,961 ¥ 5,194,683 ¥ (28,356) Protection sold Maximum potential/Notional amount by expiration period Fair value At September 30, 2023: 1 year or less 1-5 years Over 5 years Total (Asset)/ Liability (1) (in millions) Single name credit default swaps: Investment grade (2) ¥ 321,667 ¥ 925,277 ¥ 327,235 ¥ 1,574,179 ¥ (13,488) Non-investment grade 103,022 188,539 21,298 312,859 3,810 Total 424,689 1,113,816 348,533 1,887,038 (9,678) Index and basket credit default swaps : Investment grade (2) 56,000 905,146 18,281 979,427 (9,869) Non-investment grade — — — — — Not rated 2,876 — — 2,876 (12) Total 58,876 905,146 18,281 982,303 (9,881) Total credit default swaps sold ¥ 483,565 ¥ 2,018,962 ¥ 366,814 ¥ 2,869,341 ¥ (19,559) Notes: (1) Fair value amounts are shown on a gross basis prior to cash collateral or counterparty netting. (2) The MUFG Group considers ratings of Baa3/BBB- or higher to meet the definition of investment grade. The MUFG Group may economically hedge its exposure to credit derivatives by entering into offsetting derivative contracts. The carrying value and notional amounts of credit protection sold in which the MUFG Group held purchased protection with identical underlying referenced entities were approximately ¥27 billion and ¥4,880 billion, respectively, at March 31, 2023, and approximately ¥17 billion and ¥2,577 billion, respectively, at September 30, 2023. Collateral is held by the MUFG Group in relation to these instruments. Collateral requirements are determined at the counterparty level and cover numerous transactions and products as opposed to individual contracts. Credit Risk, Liquidity Risk and Credit-risk-related Contingent Features Certain derivative instruments held by the MUFG Group contain provisions that require the MUFG Group’s debt to maintain an investment grade credit rating from each of the major credit rating agencies. If the MUFG Group’s debt were to fall below investment grade, it would be in violation of these provisions, and the counterparties to the derivative instruments could request payments on early termination or demand immediate and ongoing full overnight collateralization on derivative instruments in net liability positions. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position at March 31, 2023 and September 30, 2023 was approximately ¥0.8 trillion and ¥0.9 trillion, respectively, for which the MUFG Group has posted collateral of approximately ¥222 billion and ¥338 billion, respectively, in the normal course of business. The amount of additional collateral and early termination amount which could be requested if the MUFG Group’s debt falls below investment grade was ¥70 billion and ¥116 billion, respectively, as of March 31, 2023 and ¥72 billion and ¥165 billion, respectively, as of September 30, 2023. |
Obligations Under Guarantees an
Obligations Under Guarantees and Other Off-balance Sheet Instruments | 6 Months Ended |
Sep. 30, 2023 | |
Guarantee Obligations And Other Off Balance Sheet Instruments [Abstract] | |
Obligations Under Guarantees and Other Off-balance Sheet Instruments | OBLIGATIONS UNDER GUARANTEES AND OTHER OFF-BALANCE SHEET INSTRUMENTS Obligations under Guarantees The MUFG Group provides customers with a variety of guarantees and similar arrangements as described in Note 24 to the consolidated financial statements for the fiscal year ended March 31, 2023. The table below presents the contractual or notional amounts of such guarantees at March 31, 2023 and September 30, 2023: March 31, September 30, 2023 (in billions) Standby letters of credit and financial guarantees ¥ 4,975 ¥ 5,087 Performance guarantees 4,179 4,697 Derivative instruments (1)(2) 48,363 53,415 Liabilities of trust accounts 17,139 21,703 Other 85 76 Total ¥ 74,741 ¥ 84,978 Notes: (1) Credit derivatives sold by the MUFG Group are excluded from this presentation. (2) Derivative instruments that are deemed to be included within the definition of guarantees as prescribed in the guidance on guarantees include certain written options and credit default swaps. Performance Risk The MUFG Group monitors performance risk of its guarantees using the same credit rating system utilized for estimating probabilities of default with its loan portfolio. The MUFG Group’s credit rating system is consistent with both the method of evaluating credit risk under Basel III and those of third-party credit rating agencies. On certain underlying referenced credits or entities, ratings are not available. Such referenced credits are included in the “Not rated” category in the following tables. Presented in the tables below is the maximum potential amount of future payments classified based upon internal credit ratings as of March 31, 2023 and September 30, 2023. The determination of the maximum potential future payments is based on the notional amount of the guarantees without consideration of possible recoveries under recourse provisions or from collateral held or pledged. Such amounts do not represent the anticipated losses, if any, on these guarantees. At March 31, 2023: Maximum potential/ Contractual or Notional amount Amount by borrower grade Normal Close Watch (1) Likely to become Bankrupt or Legally/ Virtually Bankrupt (1) Not rated (in billions) Standby letters of credit and financial guarantees ¥ 4,975 ¥ 4,819 ¥ 78 ¥ 17 ¥ 61 Performance guarantees 4,179 4,066 53 29 31 Total ¥ 9,154 ¥ 8,885 ¥ 131 ¥ 46 ¥ 92 At September 30, 2023: Maximum potential/ Contractual or Notional amount Amount by borrower grade Normal Close Watch (1) Likely to become Bankrupt or Legally/ Virtually Bankrupt (1) Not rated (in billions) Standby letters of credit and financial guarantees ¥ 5,087 ¥ 4,972 ¥ 88 ¥ 10 ¥ 17 Performance guarantees 4,697 4,598 35 27 37 Total ¥ 9,784 ¥ 9,570 ¥ 123 ¥ 37 ¥ 54 Note: (1) See Notes of the tables regarding “the maximum potential amount of future payments classified based upon internal credit ratings” in Note 24 to the consolidated financial statements for the fiscal year ended March 31, 2023. The guarantees that the MUFG Group does not classify based upon internal credit ratings are described in Note 24 to the consolidated financial statements for the fiscal year ended March 31, 2023. Other Off-balance Sheet Instruments In addition to obligations under guarantees and similar arrangements set forth above, the MUFG Group issues other off-balance sheet instruments to meet the financial needs of its customers and for other purposes as described in Note 24 to the consolidated financial statements for the fiscal year ended March 31, 2023. The table below presents the contractual amounts with regard to such instruments at March 31, 2023 and September 30, 2023: March 31, September 30, 2023 (in billions) Commitments to extend credit ¥ 88,631 ¥ 92,387 Commercial letters of credit 871 894 Commitments to make investments 705 712 |
Contingent Liabilities
Contingent Liabilities | 6 Months Ended |
Sep. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingent Liabilities | CONTINGENT LIABILITIES Repayment of Excess Interest The MUFG Group maintains an allowance for repayment of excess interest based on an analysis of past experience of reimbursement of excess interest, borrowers’ profile, recent trend of borrowers’ claims for reimbursement, and management future forecasts. Management believes that the provision for repayment of excess interest is adequate and the allowance is at the appropriate amount to absorb probable losses, so that the impact of future claims for reimbursement of excess interest will not have a material adverse effect on the MUFG Group’s financial position and results of operations. The allowance for repayment of excess interest established by MUFG’s consumer finance subsidiaries, which was included in Other liabilities, was ¥12,113 million and ¥9,070 million as of March 31, 2023 and September 30, 2023, respectively. Provision (reversal) related to the allowance for the six months ended September 30, 2022 and 2023 were not material. Litigation In the ordinary course of business, the MUFG Group is subject to various litigation and regulatory matters. In accordance with applicable accounting guidance, the MUFG Group establishes an accrued liability for loss contingencies arising from litigation and regulatory matters when they are determined to be probable in their occurrence and the probable loss amount can be reasonably estimated. Based upon current knowledge and consultation with counsel, management believes the eventual outcome of such litigation and regulatory matters, where losses are probable and the probable loss amounts can be reasonably estimated, would not have a material adverse effect on the MUFG Group’s financial position, results of operations or cash flows. Additionally, management believes the amount of loss that is reasonably possible, but not probable, from various litigation and regulatory matters is not material to the MUFG Group’s financial position, results of operations or cash flows. |
Variable Interest Entities
Variable Interest Entities | 6 Months Ended |
Sep. 30, 2023 | |
Variable Interest Entities [Abstract] | |
Variable Interest Entities | VARIABLE INTEREST ENTITIES In the normal course of business, the MUFG Group has financial interests and other contractual obligations in various entities which may be deemed to be VIEs such as asset-backed conduits, various investment funds, special purpose entities created for structured financing, repackaged instruments, entities created for the securitization of the MUFG Group’s assets, and trust arrangements. See Note 25 to the consolidated financial statements for the fiscal year ended March 31, 2023 for further information about the MUFG Group’s involvements with VIEs. The following tables present the assets and liabilities of consolidated VIEs recorded on the accompanying condensed consolidated balance sheets at March 31, 2023 and September 30, 2023: Consolidated VIEs Consolidated assets At March 31, 2023: Total Cash and due from banks Interest-earning deposits in other banks Trading account assets Investment securities Loans All other assets (in millions) Asset-backed conduits ¥ 7,388,845 ¥ 71,649 ¥ 34,521 ¥ 47,606 ¥ 1,027,862 ¥ 6,185,514 ¥ 21,693 Investment funds 1,331,962 — 46,157 359,777 65,204 — 860,824 Special purpose entities created for structured financing 248,952 — 2,593 8,624 — 135,606 102,129 Repackaged instruments 243,513 7,882 — 167,007 53,617 15,007 — Securitization of the MUFG Group’s assets 10,389,398 — 1,434 — — 10,371,275 16,689 Trust arrangements 8,176,795 — — 833,864 1,514,530 5,828,397 4 Other 62,109 584 3,952 14,606 16,159 2,822 23,986 Total consolidated assets before elimination 27,841,574 80,115 88,657 1,431,484 2,677,372 22,538,621 1,025,325 The amounts eliminated in consolidation (6,739,954) (71,872) (36,626) (63,556) (600,635) (5,940,036) (27,229) Total consolidated assets ¥ 21,101,620 ¥ 8,243 ¥ 52,031 ¥ 1,367,928 ¥ 2,076,737 ¥ 16,598,585 ¥ 998,096 Consolidated liabilities Total Deposits Other short-term borrowings Long-term debt All other liabilities (in millions) Asset-backed conduits ¥ 7,364,030 ¥ — ¥ 5,587,813 ¥ 1,367,234 ¥ 408,983 Investment funds 830,751 — 817,292 7,407 6,052 Special purpose entities created for structured financing 127,768 — — 109,352 18,416 Repackaged instruments 245,829 — — 230,285 15,544 Securitization of the MUFG Group’s assets 10,418,160 — — 10,154,662 263,498 Trust arrangements 8,176,907 6,408,837 840,690 — 927,380 Other 56,902 — 1,456 31,900 23,546 Total consolidated liabilities before elimination 27,220,347 6,408,837 7,247,251 11,900,840 1,663,419 The amounts eliminated in consolidation (16,102,106) (302) (3,696,647) (11,469,378) (935,779) The amount of liabilities with recourse to the general credit of the MUFG Group (10,503,305) (6,408,535) (3,505,172) (25,033) (564,565) Liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of the MUFG Group ¥ 614,936 ¥ — ¥ 45,432 ¥ 406,429 ¥ 163,075 Consolidated VIEs Consolidated assets At September 30, 2023: Total Cash and due from banks Interest-earning deposits in other banks Trading account assets Investment securities Loans All other (in millions) Asset-backed conduits ¥ 7,732,815 ¥ 77,234 ¥ 30,077 ¥ 68,683 ¥ 969,899 ¥ 6,539,924 ¥ 46,998 Investment funds 1,467,112 901 116,379 327,950 73,117 — 948,765 Special purpose entities created for structured financing 250,614 — 3,293 8,071 — 147,264 91,986 Repackaged instruments 288,371 7,132 — 136,973 129,266 15,000 — Securitization of the MUFG Group’s assets 10,786,948 — 1,431 — — 10,766,601 18,916 Trust arrangements 8,770,532 — — 840,042 1,524,982 6,405,502 6 Other 67,548 499 3,794 24,726 16,249 2,597 19,683 Total consolidated assets before elimination 29,363,940 85,766 154,974 1,406,445 2,713,513 23,876,888 1,126,354 The amounts eliminated in consolidation (7,426,415) (78,356) (92,361) (98,158) (600,372) (6,527,631) (29,537) Total consolidated assets ¥ 21,937,525 ¥ 7,410 ¥ 62,613 ¥ 1,308,287 ¥ 2,113,141 ¥ 17,349,257 ¥ 1,096,817 Consolidated liabilities Total Deposits Other short-term borrowings Long-term debt All other (in millions) Asset-backed conduits ¥ 7,697,001 ¥ — ¥ 5,880,073 ¥ 1,362,328 ¥ 454,600 Investment funds 951,058 — 934,436 8,339 8,283 Special purpose entities created for structured financing 123,698 — — 119,496 4,202 Repackaged instruments 296,297 — — 281,304 14,993 Securitization of the MUFG Group’s assets 10,798,823 — — 10,524,243 274,580 Trust arrangements 8,770,460 6,988,735 850,957 — 930,768 Other 62,254 — 1,173 41,972 19,109 Total consolidated liabilities before elimination 28,699,591 6,988,735 7,666,639 12,337,682 1,706,535 The amounts eliminated in consolidation (16,622,457) (1,337) (3,744,249) (11,935,141) (941,730) The amount of liabilities with recourse to the general credit of the MUFG Group (11,581,012) (6,987,398) (3,882,245) (28,439) (682,930) Liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of the MUFG Group ¥ 496,122 ¥ — ¥ 40,145 ¥ 374,102 ¥ 81,875 In general, the creditors or beneficial interest holders of consolidated VIEs have recourse not only to the assets of those VIEs of which they are creditors or beneficial interest holders, but also to other assets of the MUFG Group, since the MUFG Group is also contractually required to provide credit enhancement or program-wide liquidity to these VIEs. The following tables present the total assets of non-consolidated VIEs, the maximum exposure to loss resulting from the MUFG Group’s involvement with non-consolidated VIEs, and the assets and liabilities which relate to the MUFG’s variable interests in non-consolidated VIEs at March 31, 2023 and September 30, 2023: Non-consolidated VIEs On-balance sheet assets On-balance sheet liabilities At March 31, 2023: Total assets Maximum exposure Total Trading account assets Investment securities Loans All other assets Total All other liabilities (in millions) Asset-backed conduits ¥ 41,001,958 ¥ 8,062,589 ¥ 6,384,079 ¥ 21,719 ¥ 2,205,877 ¥ 4,142,995 ¥ 13,488 ¥ 10,823 ¥ 10,823 Investment funds 55,386,213 4,930,989 3,446,109 262,312 120,436 2,710,177 353,184 27,606 27,606 Special purpose entities created for structured financing 54,543,066 5,864,814 3,907,598 80,382 39,357 3,749,670 38,189 208,100 208,100 Repackaged instruments 9,034,058 4,372,581 4,117,969 944,795 2,641,384 386,793 144,997 2,230 2,230 Other 87,989,676 3,989,548 2,761,087 146,286 7,552 2,523,976 83,273 46,354 46,354 Total ¥ 247,954,971 ¥ 27,220,521 ¥ 20,616,842 ¥ 1,455,494 ¥ 5,014,606 ¥ 13,513,611 ¥ 633,131 ¥ 295,113 ¥ 295,113 Non-consolidated VIEs On-balance sheet assets On-balance sheet liabilities At September 30, 2023: Total assets Maximum exposure Total Trading account assets Investment securities Loans All other Total All other liabilities (in millions) Asset-backed conduits ¥ 47,471,678 ¥ 9,089,567 ¥ 7,124,602 ¥ 12,163 ¥ 2,157,156 ¥ 4,942,714 ¥ 12,569 ¥ 18,936 ¥ 18,936 Investment funds 96,500,851 6,697,234 4,355,603 452,953 168,683 3,310,669 423,298 42,092 42,092 Special purpose entities created for structured financing 66,635,155 7,309,836 4,838,196 66,104 43,255 4,685,051 43,786 382,651 382,651 Repackaged instruments 9,710,418 5,016,578 4,846,411 1,436,901 2,805,459 427,025 177,026 1,342 1,342 Other 89,295,182 4,721,771 3,139,977 221,414 3,716 2,858,393 56,454 31,282 31,282 Total ¥ 309,613,284 ¥ 32,834,986 ¥ 24,304,789 ¥ 2,189,535 ¥ 5,178,269 ¥ 16,223,852 ¥ 713,133 ¥ 476,303 ¥ 476,303 Maximum exposure to loss on each type of entity is determined based on the carrying amount of any on-balance sheet assets and any off-balance sheet liabilities held, net of any recourse liabilities. Therefore, the maximum exposure to loss represents the maximum loss the MUFG Group could possibly incur at each balance sheet date and does not reflect the likelihood of such a loss being incurred. The difference between the amount of on-balance sheet assets and the maximum exposure to loss primarily comprises the remaining undrawn commitments. |
Fees and Commissions Income
Fees and Commissions Income | 6 Months Ended |
Sep. 30, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Fees and Commissions Income | FEES AND COMMISSIONS INCOME Disaggregation of Contract Revenue Details of fees and commissions income for the six months ended September 30, 2022 and 2023 are as follows: 2022 2023 (in millions) Fees and commissions on deposits ¥ 27,784 ¥ 18,310 Fees and commissions on remittances and transfers 73,627 73,427 Fees and commissions on foreign trading business 35,165 36,901 Fees and commissions on credit card business 111,697 120,071 Fees and commissions on security-related services 107,541 132,829 Fees and commissions on administration and management services for investment funds 133,070 150,525 Trust fees 66,832 62,724 Guarantee fees (1) 23,481 25,237 Insurance commissions 22,259 26,482 Fees and commissions on real estate business 21,984 22,347 Other fees and commissions (2) 164,202 212,405 Total ¥ 787,642 ¥ 881,258 Notes: (1) Guarantee fees are not within the scope of the guidance on revenue from contracts with customers (2) Other fees and commissions include non-refundable financing related fees that are not within the scope of the guidance on revenue from contracts with customers. The following is an explanation of the relationship with revenue information disclosed for each reportable segment. These revenues from contracts with customers are related to various reportable segments disclosed in Note 17. The business segment information is derived from the internal management reporting system used by management to measure the performance of the MUFG Group’s business segments. In addition, the business segment information is primarily based on the financial information prepared in accordance with accounting principles generally accepted in Japan as adjusted in accordance with internal management accounting rules and practices. Further, the format and information as disclosed in Note 17 are not consistent with the accompanying condensed consolidated financial statements prepared on the basis of U.S. GAAP. For example, management does not use information on segments’ gross revenue to allocate resources and assess performance. The majority of fees and commissions on deposits are attributable to Digital Service Business Group (“DS”) and Global Commercial Banking Business Group (“GCB”) with no significant concentration in any particular segments. The business activities relevant to fees and commissions on remittances and transfers are attributable to DS, Retail & Commercial Banking Business Group (“R&C”), Japanese Corporate Investment Banking Business Group (“JCIB”) and Global Corporate Investment Banking Business Group (“GCIB”) with no significant concentration in any particular segments. The business activities relevant to fees and commissions on foreign trading business are attributable to DS, R&C, JCIB and GCIB with no significant concentration in any particular segments. The business activities relevant to fees and commissions on credit card business are substantially attributable to DS. The majority of fees and commissions on security-related services are from the business activities relevant to R&C, with JCIB and GCIB providing a smaller impact. The business activities relevant to fees and commissions on administration and management services for investment funds are substantially attributable to Asset Management & Investor Service Business Group (“AM/IS”). The business activities relevant to trust fees are attributable to R&C, JCIB, and AM/IS with no significant concentration in any particular segments. The majority of insurance commissions are from the business activities relevant to DS, R&C, JCIB, and GCB with no significant concentration in any particular segments. The business activities relevant to fees and commissions on real estate business are attributable to R&C and JCIB with no significant concentration in any particular segments. |
Business Segments
Business Segments | 6 Months Ended |
Sep. 30, 2023 | |
Segment Reporting [Abstract] | |
Business Segments | BUSINESS SEGMENTS The reportable segments of the MUFG Group are subject to the periodical review by the Executive Committee, which represents the MUFG Group’s chief operating decision maker, to determine the allocation of management resources and assess performance. The MUFG Group has established its business units according to the characteristics of customers and the nature of the underlying business. Each business unit engages in business activities based on comprehensive strategies developed for and aimed at respective targeted customers and businesses. The business segment information is primarily based on the financial information prepared in accordance with Japanese GAAP as adjusted in accordance with internal management accounting rules and practices. Accordingly, the format and information are not consistent with the accompanying condensed consolidated financial statements prepared on the basis of U.S. GAAP. A reconciliation is provided for the total amounts of segments’ operating profit with income before income tax expense under U.S. GAAP. The MUFG Group does not use information on the segments’ total assets to allocate its resources and assess performance. Accordingly, business segment information on total assets is not presented. However, in order to ensure more efficient management of resources, and to strengthen controls on profits and losses in each business group, the MUFG Group allocate fixed assets of both MUFG Bank on a stand-alone basis and Mitsubishi UFJ Trust and Banking on a stand-alone basis to each business unit. Accordingly, such fixed assets allocated to business groups are presented below. The MUFG Group integrated the operations of its consolidated subsidiaries into seven business segments.—Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets. The following is a brief explanation of the MUFG Group’s business segments: Digital Service Business Group —Covers digital-based non-face-to-face businesses servicing “mass-segment” customers, or retail customers and small and medium-sized enterprise customers, of Mitsubishi UFJ NICOS, other consumer financing companies, and MUFG Bank in Japan. Retail & Commercial Banking Business Group —Covers the domestic retail and commercial banking businesses. This business group mainly offers retail customers (with a strategic focus on high net-worth individuals) and small and medium-sized enterprise customers in Japan an extensive array of commercial banking, trust banking and securities products and services. Japanese Corporate & Investment Banking Business Group —Covers the large Japanese corporate businesses. This business group offers large Japanese corporations advanced financial solutions designed to respond to their diversified and globalized needs and to contribute to their business and financial strategies through the global network of the MUFG group companies. Global Commercial Banking Business Group —Covers the retail and commercial banking businesses of Krungsri and Bank Danamon. This business group offers a comprehensive array of financial products and services such as loans, deposits, fund transfers, investments and asset management services for local retail, small and medium-sized enterprise, and corporate customers across the Asia-Pacific region. Asset Management & Investor Services Business Group —Covers the asset management and asset administration businesses of Mitsubishi UFJ Trust and Banking, MUFG Bank and First Sentier Investors. By integrating the trust banking expertise of Mitsubishi UFJ Trust and Banking and the global strengths of MUFG Bank, the business group offers a full range of asset management and administration services for corporations and pension funds, including pension fund management and administration, advice on pension structures, and payments to beneficiaries, and also offers investment trusts for retail customers. Global Corporate & Investment Banking Business Group —Covers the global corporate, investment and transaction banking businesses of MUFG Bank and Mitsubishi UFJ Securities Holdings. Through a global network of offices and branches, this business group provides large non-Japanese corporate and financial institution customers outside Japan with a comprehensive set of solutions that meet their increasingly diverse and sophisticated financing needs. Global Markets Business Group —Covers the customer business and the treasury operations of MUFG Bank, Mitsubishi UFJ Trust and Banking and Mitsubishi UFJ Securities Holdings. The customer business includes sales and trading in fixed income instruments, currencies, equities and other investment products as well as origination and distribution of financial products. The treasury operations include asset and liability management as well as global investments for the MUFG Group. Other —Consists mainly of the corporate centers of MUFG, MUFG Bank, Mitsubishi UFJ Trust and Banking and Mitsubishi UFJ Morgan Stanley Securities. The elimination of duplicated amounts of net revenues among business segments is also reflected in Other. The MUFG Group made modifications to its internal management accounting rules and practices, effective April 1, 2023, including reallocation of indirect expenses to the Retail & Commercial Banking Business Group from the Digital Service Business Group as well as updates to internal booking rules relating to net revenue in the customer business groups. Corresponding adjustments were booked in Other. There was no impact of these modifications on the Global Commercial Banking Business Group and the Asset Management & Investor Services Business Group. These modifications had the following impact on its previously reported business segment information for the six months ended September 30, 2022: • increasing the operating profits of the Digital Service Business Group, the Retail & Commercial Banking Business Group and the Global Corporate & Investment Banking Business Group by ¥3.5 billion, ¥0.8 billion and ¥0.3 billion, respectively, and • reducing the operating profits of Other, the Global Markets Business Group and the Japanese Corporate & Investment Banking Business Group by ¥3.0 billion, ¥1.0 billion and ¥0.6 billion, respectively. Prior period business segment information has been restated to enable comparison between the relevant amounts for the six months ended September 30, 2022 and 2023. Customer Business Digital Retail & Japanese Global Asset Global Total Global Other Total (in billions) Six months ended September 30, 2022: Net revenue: ¥ 371.7 ¥ 283.8 ¥ 345.3 ¥ 447.4 ¥ 177.2 ¥ 345.5 ¥ 1,970.9 ¥ 360.6 ¥ 13.4 ¥ 2,344.9 BK and TB (1) : 127.2 194.6 277.5 27.3 53.0 247.4 927.0 225.6 23.5 1,176.1 Net interest income 106.7 90.8 153.0 27.3 5.3 114.5 497.6 604.6 57.8 1,160.0 Net fees 19.2 87.2 91.9 — 47.8 114.1 360.2 (8.6) (30.7) 320.9 Other 1.3 16.6 32.6 — (0.1) 18.8 69.2 (370.4) (3.6) (304.8) Other than BK and TB 244.5 89.2 67.8 420.1 124.2 98.1 1,043.9 135.0 (10.1) 1,168.8 Operating expenses 259.0 227.6 165.8 305.0 123.4 168.4 1,249.2 136.3 69.8 1,455.3 Operating profit (loss) ¥ 112.7 ¥ 56.2 ¥ 179.5 ¥ 142.4 ¥ 53.8 ¥ 177.1 ¥ 721.7 ¥ 224.3 ¥ (56.4) ¥ 889.6 Fixed assets (2) ¥ 147.5 ¥ 199.1 ¥ 157.1 ¥ 1.2 ¥ 13.7 ¥ 134.5 ¥ 653.1 ¥ 108.7 ¥ 541.5 ¥ 1,303.3 Increase in fixed assets (3) ¥ 15.2 ¥ 21.0 ¥ 17.7 ¥ 0.4 ¥ 3.2 ¥ 9.7 ¥ 67.2 ¥ 10.4 ¥ 9.6 ¥ 87.2 Depreciation (3) ¥ 5.1 ¥ 11.0 ¥ 18.0 ¥ 0.1 ¥ 2.8 ¥ 15.5 ¥ 52.5 ¥ 13.3 ¥ 8.8 ¥ 74.6 Six months ended September 30, 2023: Net revenue: ¥ 380.2 ¥ 318.8 ¥ 463.8 ¥ 310.9 ¥ 205.7 ¥ 418.4 ¥ 2,097.8 ¥ 381.7 ¥ 25.0 ¥ 2,504.5 BK and TB (1) : 124.3 220.0 376.8 19.6 56.8 376.6 1,174.1 229.4 106.3 1,509.8 Net interest income 106.9 115.1 237.4 19.1 6.5 195.6 680.6 119.3 86.6 886.5 Net fees 16.6 91.1 104.9 — 50.3 162.4 425.3 (9.3) (7.2) 408.8 Other 0.8 13.8 34.5 0.5 — 18.6 68.2 119.4 26.9 214.5 Other than BK and TB 255.9 98.8 87.0 291.3 148.9 41.8 923.7 152.3 (81.3) 994.7 Operating expenses 264.2 230.8 169.4 174.9 145.7 174.1 1,159.1 149.9 117.6 1,426.6 Operating profit (loss) ¥ 116.0 ¥ 88.0 ¥ 294.4 ¥ 136.0 ¥ 60.0 ¥ 244.3 ¥ 938.7 ¥ 231.8 ¥ (92.6) ¥ 1,077.9 Fixed assets (2) ¥ 172.8 ¥ 211.0 ¥ 161.0 ¥ 1.3 ¥ 22.1 ¥ 168.4 ¥ 736.6 ¥ 108.4 ¥ 531.9 ¥ 1,376.9 Increase in fixed assets (3) ¥ 19.1 ¥ 20.8 ¥ 22.3 ¥ 0.2 ¥ 7.3 ¥ 15.9 ¥ 85.6 ¥ 13.1 ¥ 15.3 ¥ 114.0 Depreciation (3) ¥ 7.0 ¥ 12.0 ¥ 21.2 ¥ 0.1 ¥ 4.0 ¥ 21.8 ¥ 66.1 ¥ 15.5 ¥ 8.6 ¥ 90.2 Notes: (1) “BK and TB” is a sum of MUFG Bank on a stand-alone basis (BK) and Mitsubishi UFJ Trust and Banking on a stand-alone basis (TB). (2) Fixed assets in the above table are based on the financial information prepared in accordance with Japanese GAAP as adjusted in accordance with internal management accounting rules and practices, and the amounts correspond to premises and equipment-net, intangible assets-net and goodwill of BK and TB. Fixed assets of MUFG and other consolidated subsidiaries and Japanese GAAP consolidation adjustments amounting to ¥1,422.4 billion as of September 30, 2022 and ¥1,344.5 billion as of September 30, 2023, respectively, are not allocated to each business segment when determining the allocation of management resources and assessing performance and, therefore, such amounts are not included in the table above. (3) These amounts are related to the fixed assets of BK and TB included in the table above. Reconciliation As set forth above, the measurement basis and the income and expense items of the internal management reporting system are different from the accompanying condensed consolidated statements of operations. Therefore, it is impracticable to present reconciliations of all of the business segments’ information, other than operating profit, to corresponding items in the accompanying condensed consolidated statements of operations. A reconciliation of operating profit and fixed assets under the internal management reporting system for the six months ended September 30, 2022 and 2023 above to income before income tax expense shown in the accompanying condensed consolidated statements of operations and the total amount of premises and equipment-net, intangible assets-net and goodwill are as follows: Six months ended 2022 2023 (in billions) Operating profit: ¥ 890 ¥ 1,078 Reversal of (provision for) credit losses 98 (62) Foreign exchange losses—net (165) (385) Trading account losses—net (1,670) (1,133) Equity investment securities gains (losses)—net (433) 624 Debt investment securities gains—net 199 102 Equity in earnings of equity method investees—net 187 215 Reversal of off-balance sheet credit instruments 12 4 Reversal of impairment of assets held for sale 134 — Loss on valuation adjustment for loans held for sale held by MUFG Union Bank (209) — Other—net (335) (159) Income (loss) before income tax expense (benefit) ¥ (1,292) ¥ 284 Fixed assets: ¥ 1,303 ¥ 1,377 U.S. GAAP adjustments and other 1,088 1,100 Premises and equipment-net, Intangible assets-net and Goodwill ¥ 2,391 ¥ 2,477 |
Fair Value
Fair Value | 6 Months Ended |
Sep. 30, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value | FAIR VALUE For a discussion and explanation of the MUFG Group’s valuation methodologies for assets and liabilities measured at fair value and the fair value hierarchy, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. During the six months ended September 30, 2023, there were no changes to the MUFG Group’s valuation methodologies that had a material impact on the MUFG Group’s financial position and results of operations. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables present the financial instruments carried at fair value by level within the fair value hierarchy as of March 31, 2023 and September 30, 2023: At March 31, 2023 Level 1 Level 2 Level 3 Fair Value (in millions) Assets Trading account assets: Trading securities (1) ¥ 19,098,208 ¥ 12,746,415 ¥ 1,182,319 ¥ 33,026,942 Debt securities Japanese national government and Japanese government agency bonds 6,092,523 329,502 — 6,422,025 Japanese prefectural and municipal bonds — 279,168 — 279,168 Foreign government and official institution bonds 11,760,274 493,691 1,168 12,255,133 Corporate bonds 3,965 2,252,424 — 2,256,389 Residential mortgage-backed securities — 4,978,709 — 4,978,709 Commercial mortgage-backed securities — 4,627 — 4,627 Asset-backed securities — 1,210,381 668,911 1,879,292 Other debt securities — — 334,124 334,124 Commercial paper — 1,931,569 — 1,931,569 Equity securities (2) 1,241,446 1,266,344 178,116 2,685,906 Trading derivative assets 84,406 12,674,978 142,343 12,901,727 Interest rate contracts 40,013 7,311,689 93,833 7,445,535 Foreign exchange contracts 3,909 5,258,511 13,714 5,276,134 Equity contracts 40,484 28,617 20,659 89,760 Commodity contracts — 17 9,908 9,925 Credit derivatives — 76,144 3,801 79,945 Other (8) — — 428 428 Trading loans (3) — 13,820 — 13,820 Investment securities: Available-for-sale debt securities 25,236,359 10,250,511 253,932 35,740,802 Japanese national government and Japanese government agency bonds 23,292,055 2,754,548 — 26,046,603 Japanese prefectural and municipal bonds — 2,759,941 — 2,759,941 Foreign government and official institution bonds 1,944,304 978,438 — 2,922,742 Corporate bonds — 1,056,191 1,970 1,058,161 Residential mortgage-backed securities — 1,110,239 15 1,110,254 Asset-backed securities — 1,247,377 182,938 1,430,315 Other debt securities — 343,777 69,009 412,786 Equity securities 4,362,017 101,576 74,761 4,538,354 Marketable equity securities 4,362,017 101,576 — 4,463,593 Nonmarketable equity securities (4) — — 74,761 74,761 Other (5) 1,535,446 848,596 92,251 2,476,293 Total ¥ 50,316,436 ¥ 36,635,896 ¥ 1,745,606 ¥ 88,697,938 At March 31, 2023 Level 1 Level 2 Level 3 Fair Value (in millions) Liabilities Trading account liabilities: Trading securities sold, not yet purchased ¥ 232,287 ¥ 2,620 ¥ — ¥ 234,907 Trading derivative liabilities 163,129 13,718,992 61,247 13,943,368 Interest rate contracts 85,641 8,566,043 45,204 8,696,888 Foreign exchange contracts 1,679 5,013,909 2,369 5,017,957 Equity contracts 75,809 48,953 3,731 128,493 Commodity contracts — — 9,817 9,817 Credit derivatives — 90,087 62 90,149 Other (8) — — 64 64 Obligation to return securities received as collateral (6) 6,664,578 158,763 68,204 6,891,545 Other (7) — 313,482 73,663 387,145 Total ¥ 7,059,994 ¥ 14,193,857 ¥ 203,114 ¥ 21,456,965 At September 30, 2023 Level 1 Level 2 Level 3 Fair Value (in millions) Assets Trading account assets: Trading securities (1) ¥ 15,816,502 ¥ 14,709,285 ¥ 1,816,498 ¥ 32,342,285 Debt securities Japanese national government and Japanese government agency bonds 6,491,075 497,522 — 6,988,597 Japanese prefectural and municipal bonds — 211,107 — 211,107 Foreign government and official institution bonds 7,754,392 792,052 150 8,546,594 Corporate bonds — 2,660,321 — 2,660,321 Residential mortgage-backed securities — 5,585,266 — 5,585,266 Asset-backed securities — 1,246,481 1,118,759 2,365,240 Other debt securities — 2,135 517,349 519,484 Commercial paper — 2,428,377 — 2,428,377 Equity securities (2) 1,571,035 1,286,024 180,240 3,037,299 Trading derivative assets 143,551 18,330,520 71,219 18,545,290 Interest rate contracts 55,656 11,071,557 23,369 11,150,582 Foreign exchange contracts 4,661 7,159,046 11,989 7,175,696 Equity contracts 83,234 50,814 15,589 149,637 Commodity contracts — 476 18,548 19,024 Credit derivatives — 48,610 1,449 50,059 Other (8) — 17 275 292 Trading loans (3) — 22,996 — 22,996 Investment securities: Available-for-sale debt securities 23,749,188 8,281,883 341,708 32,372,779 Japanese national government and Japanese government agency bonds 21,647,505 2,158,975 — 23,806,480 Japanese prefectural and municipal bonds — 1,435,996 — 1,435,996 Foreign government and official institution bonds 2,101,683 1,045,758 — 3,147,441 Corporate bonds — 994,968 2,193 997,161 Residential mortgage-backed securities — 1,190,307 15 1,190,322 Asset-backed securities — 1,060,851 272,720 1,333,571 Other debt securities — 395,028 66,780 461,808 Equity securities 4,934,283 81,667 82,488 5,098,438 Marketable equity securities 4,934,283 81,568 — 5,015,851 Nonmarketable equity securities (4) — 99 82,488 82,587 Other (5) 854,305 962,406 120,275 1,936,986 Total ¥ 45,497,829 ¥ 42,388,757 ¥ 2,432,188 ¥ 90,318,774 At September 30, 2023 Level 1 Level 2 Level 3 Fair Value (in millions) Liabilities Trading account liabilities: Trading securities sold, not yet purchased ¥ 81,006 ¥ 6,877 ¥ — ¥ 87,883 Trading derivative liabilities 106,471 20,064,626 56,184 20,227,281 Interest rate contracts 28,508 12,746,145 34,249 12,808,902 Foreign exchange contracts 4,886 7,195,310 2,290 7,202,486 Equity contracts 73,077 51,854 530 125,461 Commodity contracts — — 18,592 18,592 Credit derivatives — 71,307 252 71,559 Other (8) — 10 271 281 Obligation to return securities received as collateral (6) 6,602,613 219,257 73,257 6,895,127 Other (7) — 268,535 28,932 297,467 Total ¥ 6,790,090 ¥ 20,559,295 ¥ 158,373 ¥ 27,507,758 Notes: (1) Includes securities measured under the fair value option. (2) Excludes certain investments valued at net asset value of private equity funds whose fair values at March 31, 2023 were ¥225,972 million and those at September 30, 2023 were ¥267,084 million, respectively. The amounts of unfunded commitments related to these private equity funds at March 31, 2023 were ¥172,562 million, and those at September 30, 2023 were ¥230,396 million, respectively. For the nature and details of these investments, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. (3) Includes loans measured under the fair value option. (4) Excludes certain investments valued at net asset value of real estate funds and private equity and other funds whose fair values at March 31, 2023 were ¥29,308 million and ¥51,458 million, respectively, and those at September 30, 2023 were ¥32,322 million and ¥57,383 million, respectively. The amounts of unfunded commitments related to these real estate funds and private equity and other funds at March 31, 2023 were ¥1,305 million and nil, respectively, and those at September 30, 2023 were ¥1,018 million and ¥250 million, respectively. For the nature and details of these investments, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. (5) Mainly comprises securities received as collateral that may be sold or repledged under securities lending transactions. (6) Included in Other liabilities. (7) Mainly includes other short-term borrowings, long-term debt and bifurcated embedded derivatives carried at fair value. (8) Includes certain derivatives such as earthquake derivatives. Changes in Level 3 Recurring Fair Value Measurements The following tables present a reconciliation of the assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the six months ended September 30, 2022 and 2023. The determination to classify a financial instrument within Level 3 is based upon the significance of the unobservable inputs to overall fair value measurement. However, Level 3 financial instruments typically include, in addition to the unobservable or Level 3 input, observable inputs (inputs that are actively quoted and can be validated to external sources). Accordingly, the gains and losses in the tables below include changes in fair value due in part to observable inputs used in the valuation techniques. Total gains (losses) Change in unrealized gains (losses) for assets and liabilities still held at September 30, 2022 March 31, 2022 Included Included Purchases Issues Sales Settlements Transfers Transfers September 30, 2022 (in millions) Assets Trading account assets: Trading securities (1) ¥ 797,997 ¥ 125,172 (2) ¥ — ¥ 333,302 ¥ — ¥ (21,408) ¥ (9,255) ¥ — ¥ (877) ¥ 1,224,931 ¥ 121,950 (2) Debt securities Foreign government and official institution bonds 1,711 57 — 5,712 — (5,765) (250) — (194) 1,271 5 Corporate bonds 683 — — — — — — — (683) — — Asset-backed securities 315,231 72,667 — 324,375 — (15,636) (259) — — 696,378 71,580 Other debt securities 313,166 44,986 — — — — — — — 358,152 44,986 Equity securities 167,206 7,462 — 3,215 — (7) (8,746) — — 169,130 5,379 Trading derivatives—net 71,089 (24,159) (2) 1,775 612 (334) — (19,889) 20,791 (25,003) 24,882 (21,160) (2) Interest rate contracts—net 37,493 (39,744) 30 — — — (1,901) 20,612 (5) (25,017) (5) (8,527) (33,999) Foreign exchange contracts—net 7,463 3,509 392 — — — (4,200) 179 56 7,399 1,705 Equity contracts—net 23,420 10,723 1,355 19 — — (13,639) — (42) 21,836 9,785 Commodity contracts—net (45) 26 (2) — — — (5) — — (26) 27 Credit derivatives—net 2,729 1,236 — — — — (144) — — 3,821 1,232 Other—net (8) 29 91 — 593 (334) — — — — 379 90 Investment securities: Available-for-sale debt securities 212,936 (1,096) (3) 30,227 170,610 — — (141,788) 1,405 — 272,294 23,794 (3) Foreign government and official institution bonds 11,890 — (925) 128 — — (11,093) — — — — Corporate bonds 3,089 (42) 210 1,824 — — (57) 1,255 — 6,279 165 Residential mortgage-backed securities 15 — — — — — — — — 15 — Asset-backed securities 124,379 (1,125) 21,490 168,312 — — (130,638) — — 182,418 14,106 Other debt securities 73,563 71 9,452 346 — — — 150 — 83,582 9,523 Equity securities 55,883 1,881 (3) 495 9,884 — (1,336) (806) 2,855 (236) 68,620 1,737 (3) Nonmarketable equity securities 55,883 1,881 495 9,884 — (1,336) (806) 2,855 (236) 68,620 1,737 Other 4,912 357 (7) (3) 89,081 — — (111) 1,925 — 96,161 357 (7) Assets held for sale 76,918 3,928 (9) 13,071 1,120 — (1,158) (9,254) — — 84,625 15,113 (9) Investment securities 65,262 (1,261) 10,114 93 — (1,158) (9,254) — — 63,796 7,456 Other 11,656 5,189 2,957 1,027 — — — — — 20,829 7,657 Total ¥ 1,219,735 ¥ 106,083 ¥ 45,565 ¥ 604,609 ¥ (334) ¥ (23,902) ¥ (181,103) ¥ 26,976 ¥ (26,116) ¥ 1,771,513 ¥ 141,791 Liabilities Obligation to return securities received as collateral ¥ — ¥ — ¥ — ¥ — ¥ 73,595 ¥ — ¥ — ¥ — ¥ — ¥ 73,595 ¥ — Other 16,463 54,070 (4) (10,269) — 54,527 — (19,043) 116,892 (6) (3,554) (6) 121,484 58,483 (4) Total ¥ 16,463 ¥ 54,070 ¥ (10,269) ¥ — ¥ 128,122 ¥ — ¥ (19,043) ¥ 116,892 ¥ (3,554) ¥ 195,079 ¥ 58,483 Total gains (losses) Change in unrealized gains (losses) for assets and liabilities still held at September 30, 2023 March 31, Included Included Purchases Issues Sales Settlements Transfers Transfers September 30, 2023 (in millions) Assets Trading account assets: Trading securities (1) ¥ 1,182,319 ¥ 149,674 (2) ¥ — ¥ 494,881 ¥ — ¥ (626) ¥ (9,895) ¥ 145 ¥ — ¥ 1,816,498 ¥ 148,307 (2) Debt securities Foreign government and official institution bonds 1,168 122 — 7 — (7) (1,140) — — 150 (1) Asset-backed securities 668,911 108,122 — 345,917 — — (4,191) — — 1,118,759 107,898 Other debt securities 334,124 42,225 — 141,000 — — — — — 517,349 42,225 Equity securities 178,116 (795) — 7,957 — (619) (4,564) 145 — 180,240 (1,815) Trading derivatives—net 81,096 (12,416) (2) 1,836 4 (355) — (10,117) 10,271 (55,284) 15,035 (14,426) (2) Interest rate contracts—net 48,629 (16,890) (1,036) — — — 1,267 10,595 (5) (53,445) (5) (10,880) (18,757) Foreign exchange contracts—net 11,345 (2,797) 999 — — — 417 (324) 59 9,699 (2,220) Equity contracts—net 16,928 8,065 1,874 4 — — (11,696) — (116) 15,059 7,327 Commodity contracts—net 91 (128) (1) — — — (6) — — (44) (128) Credit derivatives—net 3,739 (661) — — — — (99) — (1,782) 1,197 (648) Other—net (8) 364 (5) — — (355) — — — — 4 — Investment securities: Available-for-sale debt securities 253,932 1,677 (3) 20,568 205,826 — — (140,321) 26 — 341,708 18,299 (3) Corporate bonds 1,970 (2) 203 — — — (4) 26 — 2,193 201 Residential mortgage-backed securities 15 — — — — — — — — 15 — Asset-backed securities 182,938 1,597 15,841 205,611 — — (133,267) — — 272,720 13,492 Other debt securities 69,009 82 4,524 215 — — (7,050) — — 66,780 4,606 Equity securities 74,761 3,385 (3) 408 5,870 — (1,474) — — (462) 82,488 2,503 (3) Nonmarketable equity securities 74,761 3,385 408 5,870 — (1,474) — — (462) 82,488 2,503 Other 92,251 (37) (7) 154 27,955 — — (48) — — 120,275 (37) (7) Total ¥ 1,684,359 ¥ 142,283 ¥ 22,966 ¥ 734,536 ¥ (355) ¥ (2,100) ¥ (160,381) ¥ 10,442 ¥ (55,746) ¥ 2,376,004 ¥ 154,646 Liabilities Obligation to return securities received as collateral ¥ 68,204 ¥ — ¥ — ¥ — ¥ 5,053 ¥ — ¥ — ¥ — ¥ — ¥ 73,257 ¥ — Other 73,663 (24,475) (4) (5,791) — 23,080 — (54,619) 5,147 (6) (48,605) (6) 28,932 (6,980) (4) Total ¥ 141,867 ¥ (24,475) ¥ (5,791) ¥ — ¥ 28,133 ¥ — ¥ (54,619) ¥ 5,147 ¥ (48,605) ¥ 102,189 ¥ (6,980) Notes: (1) Includes Trading securities measured under the fair value option. (2) Included in Trading account losses—net and Foreign exchange losses—net. (3) Included in Investment securities gains (losses)—net and Other comprehensive income (loss), net of tax. (4) Included in Trading account losses—net and Other comprehensive income (loss), net of tax. (5) For the six months ended September 30, 2022 and 2023, transfers into Level 3 for Interest rate contracts—net were mainly caused by changes in the impact of unobservable input to the entire fair value measurement. Unobservable inputs include loss given default. Transfers out of Level 3 for Interest rate contracts—net were mainly caused by changes in the impact of unobservable inputs to the fair value measurement of the multi-callable swaps. (6) Transfers into (out of) Level 3 for long-term debt in Other were mainly caused by the decrease (increase) in the observability of the key inputs to the valuation models and a corresponding increase (decrease) in the significance of the unobservable inputs. (7) Included in Fees and commissions income and Other non-interest income. (8) Includes certain derivatives such as earthquake derivatives. (9) Included in Investment securities gains (losses)—net, Trading account losses—net, Fees and commissions income and Other comprehensive income (loss), net of tax. Quantitative Information about Level 3 Fair Value Measurements The following tables present information on the valuation techniques, significant unobservable inputs and their ranges for each major category of assets and liabilities measured at fair value on a recurring basis and classified in Level 3: At March 31, 2023 Fair value (1) Valuation technique Significant unobservable inputs Range Weighted average (2) (in millions) Assets Trading securities and Investment securities: Residential mortgage-backed securities and Asset-backed securities ¥ 101,014 Discounted cash flow Recovery rate 100.0% 100.0 % 591,515 Internal model (4) Asset correlations 3.0% 3.0 % Discount factor 2.0 % ~ 2.3 % 2.0 % Prepayment rate 13.1% 13.1 % Probability of default 0.0 % ~ 99.0 % — (3) Recovery rate 72.2% 72.2 % Other debt securities 385,046 Discounted cash flow Liquidity premium 0.9 % ~ 3.2 % 2.8 % At March 31, 2023 Fair value (1) Valuation technique Significant unobservable inputs Range Median (2) (in millions) Trading derivatives—net: Interest rate contracts—net 48,209 Option model Correlation between interest rates 30.0 % ~ 60.6 % 44.4 % Correlation between interest rate and foreign exchange rate 2.0 % ~ 60.0 % 36.6 % Volatility 70.3 % ~ 106.7 % 80.1 % Foreign exchange contracts—net 11,345 Option model Correlation between interest rates 30.0 % ~ 70.0 % 50.6 % Correlation between interest rate and foreign exchange rate 14.3 % ~ 60.0 % 36.8 % Correlation between foreign exchange rates 50.0 % ~ 70.6 % 66.4 % Volatility 10.6 % ~ 23.0 % 15.6 % Equity contracts—net 3,316 Option model Correlation between foreign exchange rate and equity (58.4) % ~ 55.0 % 15.0 % Correlation between equities 5.6 % ~ 95.0 % 54.1 % Volatility 28.0 % ~ 37.0 % 32.2 % 13,612 Discounted cash flow Term of litigation 0.1 years ~ 1.0 year 0.5 years At September 30, 2023 Fair value (1) Valuation technique Significant unobservable inputs Range Weighted average (2) (in millions) Assets Trading securities and Investment securities: Residential mortgage-backed securities and Asset-backed securities ¥ 111,944 Discounted cash flow Recovery rate 100.0% 100.0 % 1,031,791 Internal model (4) Asset correlations 3.0% 3.0 % Discount factor 1.8 % ~ 2.0 % 1.8 % Prepayment rate 13.9% 13.9 % Probability of default 0.0 % ~ 99.0 % — (3) Recovery rate 57.7% 57.7 % Other debt securities 565,788 Discounted cash flow Liquidity premium 0.9 % ~ 3.2 % 2.8 % At September 30, 2023 Fair value (1) Valuation technique Significant unobservable inputs Range Median (2) (in millions) Trading derivatives—net: Interest rate contracts—net (10,880) Option model Correlation between interest rates 30.0 % ~ 60.3 % 43.6 % Correlation between interest rate and foreign exchange rate 1.3 % ~ 60.0 % 36.2 % Volatility 49.9 % ~ 72.2 % 69.2 % Foreign exchange contracts—net 9,699 Option model Correlation between interest rates 30.0 % ~ 70.0 % 51.0 % Correlation between interest rate and foreign exchange rate 20.0 % ~ 60.0 % 37.0 % Correlation between foreign exchange rates 50.0 % 70.6 % 66.4 % Volatility 10.6 % ~ 21.9 % 14.5 % Equity contracts—net 7,589 Option model Correlation between foreign exchange rate and equity (58.4) % ~ 30.0 % 10.0 % Correlation between equities 5.8 % ~ 95.0 % 53.1 % Volatility 28.5 % ~ 37.0 % 33.6 % 7,470 Discounted cash flow Term of litigation 0.3 years ~ 0.8 years 0.5 years Notes: (1) The fair value as of March 31, 2023 and September 30, 2023 excludes the fair value of investments valued using vendor prices. (2) Weighted average is calculated by weighing each input by the relative fair value of the respective financial instruments for investment securities. Median is used for derivative instruments. (3) See “Probability of default” in “Change in and range of unobservable inputs” in Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. (4) For further detail of Internal model, refer to the last paragraph of “Trading Account Assets and Liabilities—Trading Account Securities” in Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. Changes in and range of unobservable inputs For a discussion of the impact on fair value of changes in unobservable inputs and the relationships between unobservable inputs as well as a description of attributes of the underlying instruments and external market factors that affect the range of inputs used in the valuation of the MUFG Group’s Level 3 financial instruments, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Certain assets and liabilities may be measured at fair value on a nonrecurring basis in periods subsequent to their initial recognition. These assets are subject to fair value adjustments that result from the application of the lower of cost or fair value accounting, write-downs of individual assets or the measurement alternative for nonmarketable equity securities. See Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023 for further information on assets and liabilities measured at fair value on a nonrecurring basis. The following table presents the carrying value of assets measured at fair value on a nonrecurring basis by level within the fair value hierarchy as of March 31, 2023 and September 30, 2023: March 31, 2023 September 30, 2023 Level 1 Level 2 Level 3 Total carrying value Level 1 Level 2 Level 3 Total (in millions) Assets Investment securities (1)(2) ¥ — ¥ 13,366 ¥ 13,271 ¥ 26,637 ¥ — ¥ 9,560 ¥ 44,882 ¥ 54,442 Loans 1,917 3,388 611,055 616,360 2,389 4,222 745,699 752,310 Loans held for sale — — 439,361 439,361 — — 584,558 584,558 Collateral dependent loans 1,917 3,388 171,694 176,999 2,389 4,222 161,141 167,752 Premises and equipment — — 11,835 11,835 — — 3,866 3,866 Intangible assets — — 309 309 — — 5,063 5,063 Goodwill — — 184,364 184,364 — — — — Other assets 178,592 — 29,003 207,595 — 38,152 24,622 62,774 Investments in equity method investees (1) 178,592 — 12,472 191,064 — 33,222 1,740 34,962 Other — — 16,531 16,531 — 4,930 22,882 27,812 Total ¥ 180,509 ¥ 16,754 ¥ 849,837 ¥ 1,047,100 ¥ 2,389 ¥ 51,934 ¥ 824,132 ¥ 878,455 Notes: (1) Excludes certain investments valued at net asset value of ¥33,595 million and ¥11,184 million at March 31, 2023 and September 30, 2023, respectively. The unfunded commitments related to these investments are ¥23,029 million and ¥18,170 million at March 31, 2023 and September 30, 2023, respectively. These investments are in private equity funds. For the nature and details of private equity funds, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. (2) Includes certain nonmarketable equity securities that are measured at fair value on a nonrecurring basis, including impairment and observable price change for nonmarketable equity securities measured under the measurement alternative. The following table presents losses (gains) recorded as a result of changes in the fair value of assets measured at fair value on a nonrecurring basis for the six months ended September 30, 2022 and 2023: Losses (gains) for the six months ended September 30, 2022 2023 (in millions) Investment securities ¥ 505 ¥ 8,971 Loans (66) 44,746 Loans held for sale 451 11,096 Collateral dependent loans (517) 33,650 Premises and equipment 2,579 1,142 Intangible assets 849 11,433 Other assets 50,761 22,809 Investments in equity method investees 46,928 12,687 Other 3,833 10,122 Assets held for sale 209,107 — Loans held for sale 209,107 — Total (1) ¥ 263,735 ¥ 89,101 Note: (1) In addition to the above table, the assets and liabilities of MUFG Union Bank, which were transferred to U.S. Bancorp, were reclassified as held for sale. As a result, the disposal group was measured at the lower of carrying value or fair value less costs to sell. The impairment of assets held for sale of ¥134,141 million was recognized during the second half of the fiscal year ended March 31, 2022. However, the fair value less cost to sell exceeded the carrying value as of September 30, 2022, and the reversal of ¥134,141 million, which is included in Reversal of impairment of assets held for sale in the consolidated statements of operations through the six months ended September 30, 2022, was recognized. Fair Value Option For a discussion of the primary financial instruments for which the fair value option was previously elected, including the basis for those, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. The following table presents the gains or losses recorded for the six months ended September 30, 2022 and 2023 related to the eligible instruments for which the MUFG Group elected the fair value option: Six months ended September 30, 2022 2023 Trading account profits (losses) Foreign exchange gains (losses) Total changes in fair value Trading account profits (losses) Foreign exchange gains (losses) Total changes in fair value (in millions) Financial assets: Trading account securities ¥ (1,434,189) ¥ 2,339,864 ¥ 905,675 ¥ (596,477) ¥ 1,762,384 ¥ 1,165,907 Total ¥ (1,434,189) ¥ 2,339,864 ¥ 905,675 ¥ (596,477) ¥ 1,762,384 ¥ 1,165,907 Financial liabilities: Other short-term borrowings (1) ¥ (3,295) ¥ — ¥ (3,295) ¥ 2,592 ¥ — ¥ 2,592 Long-term debt (1) 57,444 — 57,444 (5,617) — (5,617) Total ¥ 54,149 ¥ — ¥ 54,149 ¥ (3,025) ¥ — ¥ (3,025) Note: (1) Change in value attributable to the instrument-specific credit risk related to those financial liabilities are not material. The following table presents the differences between the aggregate fair value and the aggregate remaining contractual principal balance outstanding as of March 31, 2023 and September 30, 2023 for long-term debt instruments for which the fair value option has been elected: March 31, 2023 September 30, 2023 Remaining aggregate contractual amounts outstanding Fair value Fair value over (under) remaining aggregate contractual amounts outstanding Remaining aggregate contractual amounts outstanding Fair value Fair value over (under) remaining aggregate contractual amounts outstanding (in millions) Financial liabilities: Long-term debt ¥ 501,982 ¥ 431,338 ¥ (70,644) ¥ 363,840 ¥ 339,840 ¥ (24,000) Total ¥ 501,982 ¥ 431,338 ¥ (70,644) ¥ 363,840 ¥ 339,840 ¥ (24,000) Interest income and expense related to the assets and liabilities for which the fair value option is elected are measured based on the contractual rates and dividend income related to these assets are recognized when the shareholder right to receive the dividend is established. These interest income and expense and dividend income are reported in the accompanying condensed consolidated statements of operations as either interest income or expense, depending on the nature of the related asset or liability. Estimated Fair Value of Financial Instruments The following is a summary of carrying amounts and estimated fair values by level within the fair value hierarchy of financial instruments which are not carried at fair value on a recurring basis in the accompanying condensed consolidated balance sheets as of March 31, 2023 and September 30, 2023: At March 31, 2023 Carrying amount Estimated fair value Total Level 1 Level 2 Level 3 (in billions) Financial assets: Cash and due from banks ¥ 60,051 ¥ 60,051 ¥ 60,051 ¥ — ¥ — Interest-earning deposits in other banks 53,990 53,990 — 53,990 — Call loans and funds sold 1,802 1,802 — 1,802 — Receivables under resale agreements 14,059 14,059 — 14,059 — Receivables under securities borrowing transactions 4,556 4,556 — 4,556 — Investment securities 21,520 21,386 13,527 5,354 2,505 Loans, net of allowance for credit losses (1) 118,679 118,933 2 263 118,668 Other financial assets (2) 10,108 10,108 — 10,108 — Financial liabilities: Deposits Non-interest-bearing ¥ 37,804 ¥ 37,804 ¥ — ¥ 37,804 ¥ — Interest-bearing 197,500 197,573 — 197,573 — Total deposits 235,304 235,377 — 235,377 — Call money and funds purchased 3,438 3,438 — 3,438 — Payables under repurchase agreements 40,132 40,132 — 40,132 — Payables under securities lending transactions 1,138 1,138 — 1,138 — Due to trust account and other short-term borrowings 14,260 14,260 — 14,260 — Long-term debt 38,704 37,928 — 37,928 — Other financial liabilities 9,595 9,595 — 9,595 — At September 30, 2023 Carrying Estimated fair value Total Level 1 Level 2 Level 3 (in billions) Financial assets: Cash and due from banks ¥ 59,954 ¥ 59,954 ¥ 59,954 ¥ — ¥ — Interest-earning deposits in other banks 48,957 48,957 — 48,957 — Call loans and funds sold 2,970 2,970 — 2,970 — Receivables under resale agreements 16,370 16,370 — 16,370 — Receivables under securities borrowing transactions 5,085 5,085 — 5,085 — Investment securities 24,657 24,158 14,654 6,761 2,743 Loans, net of allowance for credit losses (1) 123,110 123,162 2 288 122,872 Other financial assets (2) 11,564 11,564 — 11,564 — Financial liabilities: Deposits Non-interest-bearing ¥ 38,084 ¥ 38,084 ¥ — ¥ 38,084 ¥ — Interest-bearing 205,757 205,841 — 205,841 — Total deposits 243,841 243,925 — 243,925 — Call money and funds purchased 3,854 3,854 — 3,854 — Payables under repurchase agreements 32,960 32,960 — 32,960 — Payables under securities lending transactions 1,017 1,017 — 1,017 — Due to trust account and other short-term borrowings 14,412 14,412 — 14,412 — Long-term debt 40,186 39,045 — 39,045 — Other financial liabilities 9,875 9,875 — 9,875 — Notes: (1) Includes loans held for sale and collateral dependent loans measured at fair value on a nonrecurring basis. Refer to “Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis” for the details of the level classification. (2) Excludes investments in equity method investees of ¥3,482 billion and ¥3,950 billion at March 31, 2023 and September 30, 2023, respectively. The fair values of certain off-balance sheet financial instruments held for purposes other than trading, including commitments to extend credit and commercial letters of credit, are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the credit quality. The aggregate fair value of such instruments at March 31, 2023 and September 30, 2023 was not material. |
Investments in Equity Method In
Investments in Equity Method Investees | 6 Months Ended |
Sep. 30, 2023 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Investments in Equity Method Investees | INVESTMENTS IN EQUITY METHOD INVESTEES Summarized Financial Information of the MUFG Group’s Equity Method Investee Summarized operating results of Morgan Stanley, the largest portion of the MUFG Group’s equity method investees, for the six months ended September 30, 2022 and 2023 are as follows: 2022 2023 (in billions) Net revenues ¥ 3,499 ¥ 3,769 Total non-interest expenses 2,582 2,887 Income from continuing operations before income taxes 899 840 Net income applicable to Morgan Stanley 687 647 |
Subsequent Events
Subsequent Events | 6 Months Ended |
Sep. 30, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events | SUBSEQUENT EVENTS Approval of Dividends On November 14, 2023 the Board of Directors of MUFG approved the payment of semi-annual interim cash dividends of ¥20.5 per share of Common stock, totaling ¥247,101 million, that were payable on December 5, 2023 to the shareholders of record on September 30, 2023. Repurchase and Cancellation of own shares At the meeting of the Board of Directors of MUFG held on November 14, 2023, it was resolved to repurchase up to 400,000,000 shares of MUFG’s common stock by market purchases based on the discretionary dealing contract regarding repurchase of its own shares for approximately ¥400 billion, in aggregate, from November 15, 2023 to March 31, 2024. The repurchase plan as authorized by the Board of Directors of MUFG allowed for the repurchase of an aggregate amount of up to 400,000,000 shares, which represents the equivalent of 3.3% of the total number of common shares outstanding excluding its own shares, or of an aggregate repurchase amount of up to ¥400 billion. The purpose of the repurchase is to enhance the return of earnings to shareholders, to improve capital efficiency, and to implement flexible capital policies. Also, on November 30, 2023, MUFG canceled 350,000,000 shares in satisfaction of the resolution adopted at the meeting of the Board of Directors of MUFG held on November 14, 2023. |
Basis of Semiannual Condensed_2
Basis of Semiannual Condensed Consolidated Financial Statements (Policies) | 6 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Description of Business | Description of Business |
Basis of Financial Statements | Basis of Financial Statements The accompanying condensed consolidated financial statements are presented in Japanese yen, the currency of the country in which MUFG is incorporated and principally operates. The accompanying condensed consolidated financial statements have been prepared on the basis of accounting principles generally accepted in the United States of America (“U.S. GAAP”). In certain respects, the accompanying condensed consolidated financial statements reflect adjustments to conform with U.S. GAAP and therefore are not included in the consolidated financial statements issued by MUFG in accordance with accounting principles generally accepted in Japan (“Japanese GAAP”) and certain of its subsidiaries in accordance with the corresponding applicable statutory requirements and accounting practices in their respective countries of incorporation. The major adjustments include those relating to (1) investment securities, (2) derivative financial instruments, (3) allowance for credit losses, (4) income taxes, (5) consolidation, (6) premises and equipment, (7) transfer of financial assets, (8) accrued severance indemnities and pension liabilities, (9) goodwill and other intangible assets and (10) lease transactions. The accompanying condensed semiannual consolidated financial statements should be read in conjunction with the consolidated financial statements for the fiscal year ended March 31, 2023. Certain information that would be included in annual financial statements but is not required for reporting purposes under U.S. GAAP has been omitted or condensed. |
Use of Estimates | Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Accounting Changes | Accounting Changes Troubled Debt Restructurings and Vintage Disclosures —In March 2022, the Financial Accounting Standards Board (“FASB”) issued new guidance which eliminates the accounting and disclosure requirements for Troubled Debt Restructurings (“TDRs”) by creditors and introduces new required disclosures for loan modifications made to borrowers experiencing financial difficulty. The guidance also amends the requirement for vintage disclosures to disclose current period gross charge-offs by year of origination. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The guidance should be applied prospectively, except for requirements related to the recognition and measurement of TDRs, for which entities have the option to apply a modified retrospective transition method. The MUFG Group adopted the guidance on April 1, 2023, using the modified retrospective transition method on the requirements related to the recognition and measurement of TDRs, and there was no material impact on its financial position and results of operations. The allowance for modified loans is mainly measured using a discounted cash flow methodology that utilizes a discount rate based on the post-modification contractual interest rate, other than those in the Card segment, for which the allowance is measured using collectively-assessed allowance methodology. |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements Fair Value Measurement of Equity Securities Subject to Contractual Sale Restriction —In June 2022, the FASB issued new guidance which clarifies the guidance when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. The guidance also introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value. This guidance is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The MUFG Group is currently evaluating what effect this guidance will have on its consolidated financial statements and related disclosures. |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Costs Gross Unrealized Gain Loss and Estimated Fair Values | The following tables present the amortized cost, gross unrealized gains and losses, and fair value of Available-for-sale debt securities and Held-to-maturity debt securities at March 31, 2023 and September 30, 2023: At March 31, 2023: Amortized cost Gross unrealized gains Gross unrealized losses Fair value (in millions) Available-for-sale debt securities: Japanese national government and Japanese government agency bonds ¥ 26,153,862 ¥ 16,510 ¥ 123,769 ¥ 26,046,603 Japanese prefectural and municipal bonds 2,773,750 2,063 15,872 2,759,941 Foreign government and official institution bonds 3,029,042 2,072 108,372 2,922,742 Corporate bonds 1,051,347 9,791 2,977 1,058,161 Residential mortgage-backed securities 1,110,126 569 441 1,110,254 Asset-backed securities 1,418,563 16,116 4,364 1,430,315 Other debt securities 417,755 1,873 6,842 412,786 Total ¥ 35,954,445 ¥ 48,994 ¥ 262,637 ¥ 35,740,802 Held-to-maturity debt securities: Japanese national government and Japanese government agency bonds ¥ 13,860,457 ¥ 32,927 ¥ 19,789 ¥ 13,873,595 Japanese prefectural and municipal bonds 1,144,825 2,473 7,808 1,139,490 Corporate bonds 46,730 213 3 46,940 Residential mortgage-backed securities 3,913,346 13,606 105,754 3,821,198 Asset-backed securities 2,554,723 19 49,809 2,504,933 Total ¥ 21,520,081 ¥ 49,238 ¥ 183,163 ¥ 21,386,156 At September 30, 2023: Amortized Gross unrealized gains Gross unrealized losses Fair value (in millions) Available-for-sale debt securities: Japanese national government and Japanese government agency bonds ¥ 24,004,739 ¥ 6,628 ¥ 204,887 ¥ 23,806,480 Japanese prefectural and municipal bonds 1,448,520 529 13,053 1,435,996 Foreign government and official institution bonds 3,321,914 1,887 176,360 3,147,441 Corporate bonds 993,368 8,886 5,093 997,161 Residential mortgage-backed securities 1,190,027 630 335 1,190,322 Asset-backed securities 1,327,319 10,448 4,196 1,333,571 Other debt securities 469,145 1,610 8,947 461,808 Total ¥ 32,755,032 ¥ 30,618 ¥ 412,871 ¥ 32,372,779 Held-to-maturity debt securities: Japanese national government and Japanese government agency bonds ¥ 15,278,373 ¥ 9,192 ¥ 125,726 ¥ 15,161,839 Japanese prefectural and municipal bonds 1,742,822 69 25,501 1,717,390 Corporate bonds 83,270 70 216 83,124 Residential mortgage-backed securities 4,785,680 — 333,444 4,452,236 Asset-backed securities 2,766,881 883 24,266 2,743,498 Total ¥ 24,657,026 ¥ 10,214 ¥ 509,153 ¥ 24,158,087 |
Amortized Cost and Fair Value by Contractual Maturity | Debt securities not due at a single maturity date and securities embedded with call or prepayment options, such as mortgage-backed securities, are included in the table below based on their contractual maturities. Held-to-maturity debt securities Available-for-sale debt securities Amortized Fair value Fair value (in millions) Due in one year or less ¥ 2,855,090 ¥ 2,860,151 ¥ 21,295,450 Due from one year to five years 9,204,124 9,180,648 6,105,423 Due from five years to ten years 6,823,850 6,685,577 1,700,974 Due after ten years 5,773,962 5,431,711 3,270,932 Total ¥ 24,657,026 ¥ 24,158,087 ¥ 32,372,779 |
Investments by Length and Category in Continuous Loss Position | The following tables show the gross unrealized losses and fair value of Available-for-sale debt securities at March 31, 2023 and September 30, 2023 by length of time that individual securities in each category have been in a continuous loss position: Less than 12 months 12 months or more Total At March 31, 2023: Fair value Gross Fair value Gross Fair value Gross Number of securities (in millions, except number of securities) Available-for-sale debt securities: Japanese national government and Japanese government agency bonds ¥ 7,644,337 ¥ 8,066 ¥ 2,105,210 ¥ 115,703 ¥ 9,749,547 ¥ 123,769 438 Japanese prefectural and municipal bonds 962,234 1,781 711,896 14,091 1,674,130 15,872 723 Foreign government and official institution bonds 858,970 18,677 1,436,798 89,695 2,295,768 108,372 118 Corporate bonds 331,411 1,800 249,088 1,177 580,499 2,977 256 Residential mortgage-backed securities 166,778 5 522,774 436 689,552 441 15 Asset-backed securities 310,388 4,170 39,806 194 350,194 4,364 32 Other debt securities 48,804 1,266 47,886 5,576 96,690 6,842 28 Total ¥ 10,322,922 ¥ 35,765 ¥ 5,113,458 ¥ 226,872 ¥ 15,436,380 ¥ 262,637 1,610 Less than 12 months 12 months or more Total At September 30, 2023: Fair value Gross Fair value Gross Fair value Gross Number of (in millions, except number of securities) Available-for-sale debt securities: Japanese national government and Japanese government agency bonds ¥15,513,132 ¥ 11,509 ¥ 2,281,507 ¥ 193,378 ¥ 17,794,639 ¥ 204,887 465 Japanese prefectural and municipal bonds 632,087 2,471 547,689 10,582 1,179,776 13,053 618 Foreign government and official institution bonds 414,975 16,286 2,044,973 160,074 2,459,948 176,360 112 Corporate bonds 223,396 1,646 379,043 3,447 602,439 5,093 298 Residential mortgage-backed securities 50,483 2 310,171 333 360,654 335 10 Asset-backed securities 254,849 3,647 71,708 549 326,557 4,196 26 Other debt securities 342,014 2,186 58,531 6,761 400,545 8,947 88 Total ¥ 17,430,936 ¥ 37,747 ¥ 5,693,622 ¥ 375,124 ¥ 23,124,558 ¥ 412,871 1,617 |
Net Realized Gains (Losses) on Sales of Equity Securities and Net Unrealized Gains (Losses) on Equity Securities Still Held at the Reporting Date | The following table presents net realized gains (losses) on sales of equity securities, and net unrealized gains (losses) on equity securities still held at September 30, 2022 and 2023. Six months ended 2022 2023 (in millions) Net gains (losses) recognized during the period (1) ¥ (203,007) ¥ 687,966 Less: Net gains (losses) recognized during the period on equity securities sold during the period (214) 19,195 Net unrealized gains (losses) recognized during the reporting period still held at the reporting date ¥ (202,793) ¥ 668,771 Note: (1) Included in Investment securities gains (losses)—net. |
Carrying Value of Nonmarketable Equity Securities | The following table presents the carrying value of nonmarketable equity securities that are measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes (“measurement alternative”), held at March 31, 2023 and September 30, 2023. March 31, September 30, (in millions) Measurement alternative balance ¥ 381,928 ¥ 471,832 |
Related Adjustments for Nonmarketable Equity Securities | The related adjustments for these securities during the six months ended September 30, 2022 and 2023 were as follows: Six months ended 2022 2023 (in millions) Measurement alternative impairment losses (1)(4) ¥ (5,155) ¥ (8,187) Measurement alternative downward changes for observable prices (1)(2)(3)(5) ¥ (440) ¥ (1,567) Measurement alternative upward changes for observable prices (1)(2)(3)(6) ¥ 5,090 ¥ 783 Notes: (1) Included in Investment securities gains (losses)—net. (2) Under the measurement alternative, nonmarketable equity securities are carried at cost plus or minus changes resulting from observable prices in orderly transactions for the identical or a similar investment of the same issuer. (3) The MUFG Group applied measurement alternative downward or upward changes to certain nonmarketable equity securities, resulting from observable prices in orderly transactions, such as partial repurchase and transactions by other entities. (4) The cumulative impairment losses at March 31, 2023 and September 30, 2023 were ¥20,151 million and ¥27,784 million, respectively. (5) The cumulative downward changes for observable prices at March 31, 2023 and September 30, 2023 were ¥1,393 million and ¥2,961 million, respectively. (6) The cumulative upward changes for observable prices at March 31, 2023 and September 30, 2023 were ¥59,069 million and ¥59,822 million, respectively. |
Loans and Allowance for Credi_2
Loans and Allowance for Credit Losses (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Receivables [Abstract] | |
Ages of Past Due Loans by Class | The table below presents total outstanding loans and past due analysis by class at March 31, 2023 and September 30, 2023. Past Due At March 31, 2023: 1-3 months Greater Total Current Loans Total Past Due 90 Days and (in millions) Commercial Domestic ¥ 6,599 ¥ 12,485 ¥ 19,084 ¥ 55,519,315 ¥ 87,659 ¥ 55,626,058 ¥ 2,652 Foreign 8,818 33,203 42,021 41,268,228 879,423 42,189,672 12,158 Residential 32,514 11,496 44,010 12,830,845 — 12,874,855 3,342 Card 14,992 26,587 41,579 431,263 — 472,842 — Krungsri 188,802 136,627 325,429 7,457,206 — 7,782,635 — Other 14,241 20,235 34,476 1,375,934 — 1,410,410 — Total ¥ 265,966 ¥ 240,633 ¥ 506,599 ¥ 118,882,791 ¥ 967,082 ¥ 120,356,472 ¥ 18,152 Unearned income, unamortized premiums—net and deferred loan fees—net (401,012) Total ¥ 119,955,460 Past Due At September 30, 2023: 1-3 months Greater Total Current Loans Total Past Due 90 Days and Accruing (in millions) Commercial Domestic ¥ 5,741 ¥ 11,431 ¥ 17,172 ¥ 55,250,944 ¥ 57,876 ¥ 55,325,992 ¥ 2,510 Foreign 1,339 38,029 39,368 44,944,455 997,123 45,980,946 13,183 Residential 34,298 12,879 47,177 12,550,728 — 12,597,905 4,396 Card 15,815 27,762 43,577 434,805 — 478,382 — Krungsri 224,565 167,420 391,985 8,355,723 — 8,747,708 — Other 18,416 29,673 48,089 1,660,317 — 1,708,406 — Total ¥ 300,174 ¥ 287,194 ¥ 587,368 ¥ 123,196,972 ¥ 1,054,999 ¥ 124,839,339 ¥ 20,089 Unearned income, unamortized premiums—net and deferred loan fees—net (436,827) Total ¥ 124,402,512 |
Nonaccrual Loans by Class | The information on nonaccrual loans by class at March 31, 2023 and September 30, 2023 are shown below: Recorded Loan Balance March 31, 2023: Nonaccrual Loans (1) Nonaccrual Loans Not Requiring an Allowance for Credit Losses (2) (in millions) Commercial Domestic ¥ 401,836 ¥ 99,657 Foreign 246,675 65,242 Residential 47,910 3,962 Card 67,159 — Krungsri 211,705 3,286 Other 29,848 5 Total ¥ 1,005,133 ¥ 172,152 Recorded Loan Balance September 30, 2023: Nonaccrual Loans (1) Nonaccrual Loans Not Requiring an Allowance for Credit Losses (2) (in millions) Commercial Domestic ¥ 336,679 ¥ 103,914 Foreign 202,085 50,016 Residential 44,874 4,177 Card 70,093 — Krungsri 255,876 3,286 Other 33,791 9 Total ¥ 943,398 ¥ 161,402 Notes: (1) Nonaccrual loans in the above table do not include loans held for sale of ¥9,205 million and ¥14,384 million at March 31, 2023 and September 30, 2023, respectively. (2) These loans do not require an allowance for credit losses because the recorded loan balance equals, or does not exceed, the present value of expected future cash flows discounted at the loans’ effective interest rate, or the fair value of the collateral if the loan is a collateral-dependent loan. The following table shows information regarding recognized interest income on nonaccrual loans for the six months ended September 30, 2022 and 2023: September 30, 2022 (in millions) Commercial Domestic ¥ 10,033 Foreign 2,247 Residential 378 Card 9 MUAH 51 Krungsri 3,250 Other 2,084 Total ¥ 18,052 September 30, 2023 (in millions) Commercial Domestic ¥ 2,209 Foreign 3,534 Residential 276 Card 8 Krungsri 4,641 Other 1,549 Total ¥ 12,217 |
TDRs by Class | The following table summarizes the MUFG Group’s TDRs by class for the six months ended September 30, 2022: Six months ended September 30, 2022 Troubled Debt Restructurings Troubled Debt Restructurings that Subsequently Defaulted Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Recorded Investment (in millions) Commercial (1)(3) Domestic ¥ 37,312 ¥ 37,312 ¥ 1,830 Foreign 17,057 17,057 — Residential (1)(3) 8,697 8,697 95 Card (2)(3) 11,408 10,934 1,410 MUAH (2)(3) 8,216 8,216 — Krungsri (2)(3) 48,899 48,899 1,827 Other (2) 7,638 7,638 1,202 Total ¥ 139,227 ¥ 138,753 ¥ 6,364 Notes: (1) TDRs for the Commercial and Residential segments include accruing loans, and do not include nonaccrual loans. (2) TDRs for the Card, MUAH, Krungsri and Other segments include accrual and nonaccrual loans. (3) For the six months ended September 30, 2022, extension of the stated maturity date of loans was the primary concession type in the Commercial, Residential and Krungsri segments, reduction in the stated rate was the primary concession type in the Card segment and forbearance was the primary concession type in the MUAH segment. The following table summarizes the MUFG Group’s loan modifications that were made to borrowers experiencing financial difficulty by class for the six months ended September 30, 2023: Six months ended September 30, 2023: Loan Modifications Made to Borrowers Experiencing Financial Difficulty Loans Modified within 12 months of Subsequent Default Amortized Cost Basis at the Period End Percentage of Total Class of Loans Amortized Cost Basis at the Period End (in millions, except percentages) Commercial (1) Domestic Interest rate reduction ¥ 2,909 0.01 % ¥ — Term extension 146,968 0.27 2,676 Combination of interest rate reduction and term extension 4,774 0.01 — Combination of term extension and principal forgiveness — — — All other modifications and combinations — — — Foreign Interest rate reduction ¥ — — % ¥ — Term extension 101,054 0.22 — Combination of interest rate reduction and term extension — — — Combination of term extension and principal forgiveness — — — All other modifications and combinations — — — Residential (1) Interest rate reduction ¥ — — % ¥ — Term extension 8,491 0.07 60 Combination of interest rate reduction and term extension — — — Combination of term extension and principal forgiveness — — — All other modifications and combinations — — — Card (2) Interest rate reduction ¥ — — % ¥ — Term extension — — — Combination of interest rate reduction and term extension 12,480 2.61 1,472 Combination of term extension and principal forgiveness 121 0.03 1 All other modifications and combinations — — — Krungsri (2) Interest rate reduction ¥ 389 0.00 % ¥ 113 Term extension 193,354 2.21 1,854 Combination of interest rate reduction and term extension 2,134 0.02 122 Combination of term extension and principal forgiveness 464 0.01 834 All other modifications and combinations 884 0.01 142 Other (2) Interest rate reduction ¥ 250 0.01 % ¥ 185 Term extension 1,569 0.09 290 Combination of interest rate reduction and term extension 149 0.01 — Combination of term extension and principal forgiveness — — — All other modifications and combinations — — — Notes: (1) The modified loans for the Commercial and Residential segments include accruing loans, and do not include nonaccrual loans. (2) The modified loans for the Card, Krungsri and Other segments include accrual and nonaccrual loans. The following table provides the financial effect of the modifications made to borrowers experiencing financial difficulty by class for the six months ended September 30, 2023: Six months ended September 30, 2023: Financial Effect Commercial Domestic Interest rate reduction Reduced weighted-average contractual interest rate by 0.06% Term extension Added a weighted-average 0.8 years to the life of loans. Foreign Term extension Added a weighted-average 0.5 years to the life of loans. Residential Term extension Added a weighted-average 1.3 years to the life of loans. Card Interest rate reduction Reduced weighted-average contractual interest rate by 15.24%. Term extension Added a weighted-average 3.0 years to the life of loans. Principal forgiveness Reduced the principal balance of the loans by ¥404 million. Krungsri Interest rate reduction Reduced weighted-average contractual interest rate by 1.24%. Term extension Added a weighted-average 1.7 years to the life of loans. Principal forgiveness Reduced the principal balance of the loans by ¥484 million. Other Interest rate reduction Reduced weighted-average contractual interest rate by 3.40%. Term extension Added a weighted-average 3.0 years to the life of loans. The following table provides the performance of loans that have been modified in the last 12 months to borrowers experiencing financial difficulty by class for the six months ended September 30, 2023: Six months ended September 30, 2023: Payment Status (Amortized Cost Basis at the Period End) Current 1-3 months Past Due Greater Than 3 months Past Due (in millions) Commercial (1) Domestic ¥ 266,915 ¥ 305 ¥ 470 Foreign 108,618 — — Residential (1) 16,094 948 214 Card (2) 16,816 4,270 1,973 Krungsri (2) 298,694 10,727 10,783 Other (2) 4,068 591 188 Total ¥ 711,205 ¥ 16,841 ¥ 13,628 Notes: (1) The modified loans for the Commercial and Residential segments include accruing loans, and do not include nonaccrual loans. (2) The modified loans for the Card, Krungsri and Other segments include accrual and nonaccrual loans. |
Credit Quality Indicators of Loans by Class | Credit quality indicators of loans and fiscal year of origination by class at March 31, 2023 are shown below: Term Loans Revolving Revolving Total (1) At March 31, 2023: 2022 2021 2020 2019 2018 Prior (in millions) Commercial: ¥ 32,957,651 ¥ 10,100,587 ¥ 8,626,319 ¥ 5,653,421 ¥ 4,385,807 ¥ 9,366,641 ¥ 25,743,172 ¥ 15,050 ¥ 96,848,648 Domestic 20,132,474 6,099,692 6,675,895 4,002,329 3,214,528 7,406,590 8,006,891 — 55,538,399 Normal 19,867,845 5,957,659 6,472,135 3,823,755 3,126,146 6,722,981 7,722,379 — 53,692,900 Close Watch 222,202 124,499 172,270 114,534 74,635 567,514 262,686 — 1,538,340 Likely to become Bankrupt or Legally/Virtually Bankrupt 42,427 17,534 31,490 64,040 13,747 116,095 21,826 — 307,159 Foreign 12,825,177 4,000,895 1,950,424 1,651,092 1,171,279 1,960,051 17,736,281 15,050 41,310,249 Normal 12,508,547 3,931,278 1,857,934 1,577,120 1,083,934 1,824,977 17,540,822 15,050 40,339,662 Close Watch 262,388 34,656 60,637 50,210 71,966 79,450 174,436 — 733,743 Likely to become Bankrupt or Legally/Virtually Bankrupt 54,242 34,961 31,853 23,762 15,379 55,624 21,023 — 236,844 Residential ¥ 688,000 ¥ 747,161 ¥ 607,237 ¥ 919,359 ¥ 811,469 ¥ 9,077,669 ¥ 23,960 ¥ — ¥ 12,874,855 Accrual 687,800 747,121 607,047 918,781 810,933 9,034,589 22,093 — 12,828,364 Nonaccrual 200 40 190 578 536 43,080 1,867 — 46,491 Card ¥ 12 ¥ 147 ¥ 240 ¥ 239 ¥ 181 ¥ 587 ¥ 403,687 ¥ 67,749 ¥ 472,842 Accrual 1 7 10 8 9 37 391,237 14,374 405,683 Nonaccrual 11 140 230 231 172 550 12,450 53,375 67,159 Krungsri ¥ 1,824,628 ¥ 1,046,959 ¥ 654,933 ¥ 692,616 ¥ 515,731 ¥ 605,053 ¥ 2,427,923 ¥ 14,792 ¥ 7,782,635 Performing 1,689,034 956,470 570,865 553,616 406,258 459,322 2,292,418 — 6,927,983 Under-Performing 108,770 66,555 67,504 111,435 85,928 98,103 104,652 — 642,947 Non-Performing 26,824 23,934 16,564 27,565 23,545 47,628 30,853 14,792 211,705 Other ¥ 551,560 ¥ 190,786 ¥ 108,148 ¥ 48,867 ¥ 19,875 ¥ 80,252 ¥ 410,922 ¥ — ¥ 1,410,410 Accrual 549,274 187,638 106,522 47,235 17,832 75,726 396,334 — 1,380,561 Nonaccrual 2,286 3,148 1,626 1,632 2,043 4,526 14,588 — 29,849 Credit quality indicators of loans and fiscal year of origination by class at September 30, 2023, and gross charge-offs for the six months ended September 30, 2023 are shown below: Term Loans Revolving Revolving Total (1) At September 30, 2023: 2023 2022 2021 2020 2019 Prior (in millions) Commercial: ¥ 24,683,463 ¥ 17,014,732 ¥ 8,183,201 ¥ 7,037,786 ¥ 4,794,778 ¥ 11,556,449 ¥ 26,933,190 ¥ 48,340 ¥ 100,251,939 Domestic 14,475,541 8,962,771 5,386,826 5,862,545 3,592,584 9,224,351 7,763,498 — 55,268,116 Normal 14,320,810 8,821,506 5,254,183 5,694,307 3,446,184 8,559,902 7,518,069 — 53,614,961 Close Watch 146,705 126,472 122,444 140,338 80,540 551,639 224,428 — 1,392,566 Likely to become Bankrupt or Legally/Virtually Bankrupt 8,026 14,793 10,199 27,900 65,860 112,810 21,001 — 260,589 Gross charge-offs 1,896 22,519 1,213 918 583 460 865 — 28,454 Foreign 10,207,922 8,051,961 2,796,375 1,175,241 1,202,194 2,332,098 19,169,692 48,340 44,983,823 Normal 9,976,734 7,886,252 2,769,053 1,131,884 1,070,727 2,144,663 18,851,641 48,340 43,879,294 Close Watch 179,305 145,486 27,233 25,793 113,147 122,666 303,862 — 917,492 Likely to become Bankrupt or Legally/Virtually Bankrupt 51,883 20,223 89 17,564 18,320 64,769 14,189 — 187,037 Gross charge-offs 176 330 959 401 149 — 6,474 — 8,489 Residential ¥ 244,078 ¥ 673,841 ¥ 731,671 ¥ 591,262 ¥ 892,586 ¥ 9,442,305 ¥ 22,162 ¥ — ¥ 12,597,905 Accrual 244,072 673,649 731,530 591,025 891,988 9,401,590 20,257 — 12,554,111 Nonaccrual 6 192 141 237 598 40,715 1,905 — 43,794 Gross charge-offs — — — 6 18 435 — — 459 Card ¥ — ¥ 82 ¥ 194 ¥ 266 ¥ 237 ¥ 709 ¥ 406,199 ¥ 70,695 ¥ 478,382 Accrual — 4 6 8 7 40 393,455 14,769 408,289 Nonaccrual — 78 188 258 230 669 12,744 55,926 70,093 Gross charge-offs 6 17 62 51 49 82 4,047 5,844 10,158 Krungsri ¥ 1,193,301 ¥ 1,728,989 ¥ 925,488 ¥ 560,513 ¥ 574,963 ¥ 964,264 ¥ 2,784,735 ¥ 15,455 ¥ 8,747,708 Performing 1,130,458 1,534,215 822,929 478,441 451,429 726,205 2,616,328 — 7,760,005 Under-Performing 52,188 135,884 72,846 65,469 96,467 172,772 136,201 — 731,827 Non-Performing 10,655 58,890 29,713 16,603 27,067 65,287 32,206 15,455 255,876 Gross charge-offs 358 11,594 11,552 6,355 6,036 9,473 14,649 — 60,017 Other ¥ 461,916 ¥ 381,708 ¥ 158,192 ¥ 82,994 ¥ 40,010 ¥ 117,397 ¥ 466,189 ¥ — ¥ 1,708,406 Accrual 461,455 375,823 155,147 81,668 38,720 110,971 450,831 — 1,674,615 Nonaccrual 461 5,885 3,045 1,326 1,290 6,426 15,358 — 33,791 Gross charge-offs 228 5,976 3,602 1,082 557 1,571 2,913 — 15,929 Note: (1) Total loans in the above table do not include loans held for sale, and represent balances without adjustments in relation to unearned income, unamortized premiums and deferred loan fees. |
Changes in Allowance for Credit Losses by Portfolio Segment | Changes in the allowance for credit losses of loans by portfolio segment for the six months ended September 30, 2022 and 2023 are shown below: Six months ended September 30, 2022: Commercial Residential Card MUAH Krungsri Other Total (in millions) Allowance for credit losses: Balance at beginning of period ¥ 934,086 ¥ 69,887 ¥ 40,768 ¥ 30,365 ¥ 322,386 ¥ 73,209 ¥ 1,470,701 Provision for (reversal of) credit losses (164,085) (5,867) 10,326 4,792 39,380 17,669 (97,785) Charge-offs 130,524 110 8,867 10,083 38,792 22,991 211,367 Recoveries collected 6,096 11 431 2,270 12,028 8,989 29,825 Net charge-offs 124,428 99 8,436 7,813 26,764 14,002 181,542 Other (1) 12,307 — — 3,191 40,167 10,198 65,863 Balance at end of period ¥ 657,880 ¥ 63,921 ¥ 42,658 ¥ 30,535 ¥ 375,169 ¥ 87,074 ¥ 1,257,237 Six months ended September 30, 2023: Commercial Residential Card Krungsri Other (2) Total (in millions) Allowance for credit losses: Balance at beginning of period ¥ 719,589 ¥ 59,747 ¥ 42,469 ¥ 358,031 ¥ 93,062 ¥ 1,272,898 Provision for (reversal of) credit losses (17,974) 433 10,255 47,303 21,755 61,772 Charge-offs 36,943 459 10,158 60,017 15,929 123,506 Recoveries collected 9,720 2 393 13,959 8,491 32,565 Net charge-offs 27,223 457 9,765 46,058 7,438 90,941 Other (1)(3) 1,580 — (7,666) 45,955 11,159 51,028 Balance at end of period ¥ 675,972 ¥ 59,723 ¥ 35,293 ¥ 405,231 ¥ 118,538 ¥ 1,294,757 Notes: (1) Other is principally comprised of gains or losses from foreign exchange translation. (2) For the six months ended September 30, 2023, the beginning balance and the ending balance of the Other segment in the above table include the allowance for credit losses of ¥3,428 million and ¥1,151 million, respectively, which were previously included in the MUAH segment. (3) For the six months ended September 30, 2023, Other includes the change in accounting principle related to the recognition and measurement of TDRs which was adopted on April 1, 2023. As a result of accumulating the amounts included in each segment amount, the Total includes negative of ¥18,869 million. |
Goodwill and Other Intangible_2
Goodwill and Other Intangible Assets (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Movement in Carrying Amount of Goodwill | The table below presents the movement in the carrying amount of goodwill during the six months ended September 30, 2022 and 2023: Six months ended 2022 2023 (in millions) Balance at beginning of period Goodwill (1)(3) ¥ 1,118,889 ¥ 889,524 Accumulated impairment losses (1)(3) (723,492) (592,752) Less: Goodwill, net of accumulated impairment losses in transferred business of MUFG Union Bank (2) (91,786) — 303,611 296,772 Goodwill acquired during the six months (4) — 59,127 Foreign currency translation adjustments and other 54,093 22,424 Balance at end of period Goodwill 1,172,982 971,075 Accumulated impairment losses (723,492) (592,752) Less: Goodwill, net of accumulated impairment losses in transferred business of MUFG Union Bank (2) ¥ (108,468) ¥ — ¥ 341,022 ¥ 378,323 Notes: (1) Goodwill originally recognized of ¥1,900,019 million, which has been fully impaired before April 1, 2022, is not included in the table above. (2) Represents goodwill, net of accumulated impairment losses in transferred business of MUFG Union Bank, which is included in Other assets in the condensed consolidated balance sheets at September 30, 2022. See Note 2 for more information. (3) For the balance at April 1, 2023, the Goodwill and Accumulated impairment losses in the above table exclude the goodwill and accumulated impairment losses previously recorded for MUFG Union Bank, which was sold during the fiscal year ended March 31, 2023. See Note 2 for further information. (4) Goodwill acquired during the six months ended September 30, 2023 mainly relates to the acquisition of business in the Global Commercial Banking Business Group, including the acquisition of HC Philippines (See Note 2). |
Carrying Amount of Other Intangible Assets by Major Class | The table below presents the net carrying amount by major class of other intangible assets at March 31, 2023 and September 30, 2023: March 31, September 30, (in millions) Intangible assets subject to amortization: Software ¥ 833,297 ¥ 887,780 Customer relationships 232,911 241,517 Core deposit intangibles 50,176 50,862 Trade names 38,771 39,647 Other 11,110 13,215 Total 1,166,265 1,233,021 Intangible assets not subject to amortization: Other 7,958 7,873 Total ¥ 1,174,223 ¥ 1,240,894 |
Lease Transactions (Tables)
Lease Transactions (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Leases [Abstract] | |
Profit or Loss of Lease Transactions | The following table presents profit or loss of lease transactions as a lessor for the six months ended September 30, 2022 and September 30, 2023: September 30, September 30, (in millions) Sales type and direct financing leases: Finance income on net investment ¥ 61,812 ¥ 68,780 Operating leases: Lease income 1,799 3,937 Total ¥ 63,611 ¥ 72,717 |
Pledged Assets and Collateral (
Pledged Assets and Collateral (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Financial Instruments Pledged as Collateral [Abstract] | |
Assets Mortgaged Pledged or Otherwise Subject to Lien | At September 30, 2023, assets mortgaged, pledged, or otherwise subject to lien were as follows: September 30, 2023 (in millions) Trading account securities ¥ 7,820,667 Investment securities 23,430,643 Loans 12,197,635 Other 22,929 Total ¥ 43,471,874 |
Pledged Assets Classified by Type of Liabilities | The above pledged assets were classified by type of liabilities to which they related as follows: September 30, 2023 (in millions) Deposits ¥ 14,911 Payables under repurchase agreements and securities lending transactions 20,906,911 Other short-term borrowings and long-term debt 22,473,103 Other 76,949 Total ¥ 43,471,874 |
Severance Indemnities and Pen_2
Severance Indemnities and Pension Plans (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Retirement Benefits [Abstract] | |
Components of Net Periodic Benefit Cost of Pension Benefits, SIPs and Other Benefits | The following table summarizes the components of net periodic benefit costs of pension benefits, severance indemnities plans (“SIPs”) and other benefits for the six months ended September 30, 2022 and 2023: Six months ended September 30, Domestic subsidiaries Foreign offices and subsidiaries 2022 2023 2022 2023 Pension benefits and SIPs Pension benefits and SIPs Pension benefits Other benefits Pension benefits Other benefits (in millions) Service cost—benefits earned during the period ¥ 20,580 ¥ 17,788 ¥ 8,281 ¥ 56 ¥ 6,141 ¥ 30 Interest cost on projected benefit obligation 7,131 10,288 7,667 340 4,345 594 Expected return on plan assets (42,328) (41,218) (18,381) (1,338) (5,574) (732) Amortization of net actuarial loss (gain) 346 925 3,896 (77) 837 584 Amortization of prior service cost (650) (973) (1,607) (212) (435) (208) Loss (gain) on settlements and curtailment (2,121) (6,393) — — 974 — Net periodic benefit cost (income) ¥ (17,042) ¥ (19,583) ¥ (144) ¥ (1,231) ¥ 6,288 ¥ 268 |
Offsetting of Derivatives, Re_2
Offsetting of Derivatives, Repurchase Agreements, and Securities Lending Transactions (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Offsetting [Abstract] | |
Offsetting Assets | For certain transactions where a legal opinion with respect to the enforceability of netting has not been sought or obtained, the related amounts are not subject to enforceable master netting agreements and not included in “Gross amounts not offset in the condensed consolidated balance sheet” column in the tabular disclosure below. Gross Gross amounts offset in the condensed consolidated balance sheet Net amounts presented in the condensed consolidated balance sheet Gross amounts not offset in the condensed consolidated balance sheet Net amounts At March 31, 2023: Financial instruments Cash collateral received/pledged (in billions) Financial assets: Derivative assets ¥ 12,911 ¥ — ¥ 12,911 ¥ (9,902) ¥ (690) ¥ 2,319 Receivables under resale agreements 16,152 (2,093) 14,059 (13,391) (32) 636 Receivables under securities borrowing transactions 4,630 (74) 4,556 (4,478) — 78 Total ¥ 33,693 ¥ (2,167) ¥ 31,526 ¥ (27,771) ¥ (722) ¥ 3,033 Financial liabilities: Derivative liabilities ¥ 13,833 ¥ — ¥ 13,833 ¥ (9,668) ¥ (1,489) ¥ 2,676 Payables under repurchase agreements 42,172 (2,040) 40,132 (39,232) (76) 824 Payables under securities lending transactions 1,212 (74) 1,138 (1,108) (18) 12 Obligations to return securities received as collateral 6,892 — 6,892 (1,975) — 4,917 Total ¥ 64,109 ¥ (2,114) ¥ 61,995 ¥ (51,983) ¥ (1,583) ¥ 8,429 Gross Gross amounts offset in the condensed consolidated balance sheet Net amounts presented in the condensed consolidated balance sheet Gross amounts not offset in the condensed consolidated balance sheet Net amounts At September 30, 2023: Financial instruments Cash collateral received/pledged (in billions) Financial assets: Derivative assets ¥ 18,554 ¥ — ¥ 18,554 ¥ (14,849) ¥ (1,100) ¥ 2,605 Receivables under resale agreements 19,029 (2,659) 16,370 (15,670) (9) 691 Receivables under securities borrowing transactions 5,166 (81) 5,085 (4,811) — 274 Total ¥ 42,749 ¥ (2,740) ¥ 40,009 ¥ (35,330) ¥ (1,109) ¥ 3,570 Financial liabilities: Derivative liabilities ¥ 20,105 ¥ — ¥ 20,105 ¥ (14,364) ¥ (2,404) ¥ 3,337 Payables under repurchase agreements 35,529 (2,569) 32,960 (31,587) (124) 1,249 Payables under securities lending transactions 1,098 (81) 1,017 (986) (11) 20 Obligations to return securities received as collateral 6,895 — 6,895 (1,437) — 5,458 Total ¥ 63,627 ¥ (2,650) ¥ 60,977 ¥ (48,374) ¥ (2,539) ¥ 10,064 |
Offsetting Liabilities | For certain transactions where a legal opinion with respect to the enforceability of netting has not been sought or obtained, the related amounts are not subject to enforceable master netting agreements and not included in “Gross amounts not offset in the condensed consolidated balance sheet” column in the tabular disclosure below. Gross Gross amounts offset in the condensed consolidated balance sheet Net amounts presented in the condensed consolidated balance sheet Gross amounts not offset in the condensed consolidated balance sheet Net amounts At March 31, 2023: Financial instruments Cash collateral received/pledged (in billions) Financial assets: Derivative assets ¥ 12,911 ¥ — ¥ 12,911 ¥ (9,902) ¥ (690) ¥ 2,319 Receivables under resale agreements 16,152 (2,093) 14,059 (13,391) (32) 636 Receivables under securities borrowing transactions 4,630 (74) 4,556 (4,478) — 78 Total ¥ 33,693 ¥ (2,167) ¥ 31,526 ¥ (27,771) ¥ (722) ¥ 3,033 Financial liabilities: Derivative liabilities ¥ 13,833 ¥ — ¥ 13,833 ¥ (9,668) ¥ (1,489) ¥ 2,676 Payables under repurchase agreements 42,172 (2,040) 40,132 (39,232) (76) 824 Payables under securities lending transactions 1,212 (74) 1,138 (1,108) (18) 12 Obligations to return securities received as collateral 6,892 — 6,892 (1,975) — 4,917 Total ¥ 64,109 ¥ (2,114) ¥ 61,995 ¥ (51,983) ¥ (1,583) ¥ 8,429 Gross Gross amounts offset in the condensed consolidated balance sheet Net amounts presented in the condensed consolidated balance sheet Gross amounts not offset in the condensed consolidated balance sheet Net amounts At September 30, 2023: Financial instruments Cash collateral received/pledged (in billions) Financial assets: Derivative assets ¥ 18,554 ¥ — ¥ 18,554 ¥ (14,849) ¥ (1,100) ¥ 2,605 Receivables under resale agreements 19,029 (2,659) 16,370 (15,670) (9) 691 Receivables under securities borrowing transactions 5,166 (81) 5,085 (4,811) — 274 Total ¥ 42,749 ¥ (2,740) ¥ 40,009 ¥ (35,330) ¥ (1,109) ¥ 3,570 Financial liabilities: Derivative liabilities ¥ 20,105 ¥ — ¥ 20,105 ¥ (14,364) ¥ (2,404) ¥ 3,337 Payables under repurchase agreements 35,529 (2,569) 32,960 (31,587) (124) 1,249 Payables under securities lending transactions 1,098 (81) 1,017 (986) (11) 20 Obligations to return securities received as collateral 6,895 — 6,895 (1,437) — 5,458 Total ¥ 63,627 ¥ (2,650) ¥ 60,977 ¥ (48,374) ¥ (2,539) ¥ 10,064 |
Repurchase Agreements and Sec_2
Repurchase Agreements and Securities Lending Transactions Accounted for as Secured Borrowings (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Disclosure of Repurchase Agreements [Abstract] | |
Gross Obligations by Remaining Contractual Maturity and Class of Collateral Pledged | March 31, 2023 Remaining Contractual Maturity Overnight and open 30 days or less 31-90 days Over 90 days Total (in billions) Payables under repurchase agreements ¥ 8,593 ¥ 23,546 ¥ 8,393 ¥ 1,640 ¥ 42,172 Payables under securities lending transactions 947 191 5 69 1,212 Obligations to return securities received as collateral 5,516 642 404 330 6,892 Total ¥ 15,056 ¥ 24,379 ¥ 8,802 ¥ 2,039 ¥ 50,276 September 30, 2023 Remaining Contractual Maturity Overnight and open 30 days or less 31-90 days Over 90 days Total (in billions) Payables under repurchase agreements ¥ 11,525 ¥ 12,729 ¥ 7,680 ¥ 3,595 ¥ 35,529 Payables under securities lending transactions 1,015 — 6 77 1,098 Obligations to return securities received as collateral 6,233 256 127 279 6,895 Total ¥ 18,773 ¥ 12,985 ¥ 7,813 ¥ 3,951 ¥ 43,522 |
Secured Borrowing by the Class of Collateral Pledged | Secured borrowing by the class of collateral pledged at March 31, 2023 and September 30, 2023 was as follows: March 31, 2023 Payables under repurchase agreements Payables under securities lending transactions Obligations to return securities received as collateral Total (in billions) Japanese national government and Japanese government agency bonds ¥ 13,280 ¥ 577 ¥ 3,956 ¥ 17,813 Foreign government and official institution bonds 17,618 9 1,122 18,749 Corporate bonds 657 70 400 1,127 Residential mortgage-backed securities 9,650 — — 9,650 Other debt securities 552 — 46 598 Marketable equity securities 367 556 1,368 2,291 Other 48 — — 48 Total ¥ 42,172 ¥ 1,212 ¥ 6,892 ¥ 50,276 September 30, 2023 Payables under repurchase agreements Payables under securities lending transactions Obligations to return securities received as collateral Total (in billions) Japanese national government and Japanese government agency bonds ¥ 12,686 ¥ 254 ¥ 4,013 ¥ 16,953 Foreign government and official institution bonds 13,357 7 965 14,329 Corporate bonds 908 77 354 1,339 Residential mortgage-backed securities 7,563 — — 7,563 Other debt securities 454 — 43 497 Marketable equity securities 534 735 1,520 2,789 Other 27 25 — 52 Total ¥ 35,529 ¥ 1,098 ¥ 6,895 ¥ 43,522 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Changes In Accumulated OCI, Net of Tax and Net of Noncontrolling Interests | The following table presents the changes in Accumulated other comprehensive income (loss) (“Accumulated OCI”), net of tax and net of noncontrolling interests, for the six months ended September 30, 2022 and 2023: Six months ended 2022 2023 (in millions) Accumulated other comprehensive income (loss), net of taxes: Net unrealized losses on investment securities: Balance at beginning of period ¥ (674,230) ¥ (883,466) Net change during the period (218,267) (157,542) Balance at end of period ¥ (892,497) ¥ (1,041,008) Net debt valuation adjustments: Balance at beginning of period ¥ (14,538) ¥ 3,268 Net change during the period 45,485 (22,260) Balance at end of period ¥ 30,947 ¥ (18,992) Net unrealized gains (losses) on derivatives qualifying for cash flow hedges: Balance at beginning of period ¥ 5,969 ¥ 594 Net change during the period (21,686) 13 Balance at end of period ¥ (15,717) ¥ 607 Defined benefit plans: Balance at beginning of period ¥ 29,124 ¥ 8,304 Net change during the period (16,948) 48,926 Balance at end of period ¥ 12,176 ¥ 57,230 Foreign currency translation adjustments: Balance at beginning of period ¥ 880,708 ¥ 1,715,492 Net change during the period 1,409,554 971,678 Balance at end of period ¥ 2,290,262 ¥ 2,687,170 Balance at end of period ¥ 1,425,171 ¥ 1,685,007 |
Before Tax and Net of Tax Changes in Each Component of Accumulated OCI | The following table presents the before tax and net of tax changes in each component of Accumulated OCI for the six months ended September 30, 2022 and 2023: Six months ended September 30, 2022 2023 Before tax Tax (expense) or benefit Net of tax Before tax Tax (expense) or benefit Net of tax (in millions) Net unrealized gains (losses) on investment securities: Net unrealized losses on investment securities ¥ (534,655) ¥ 132,963 ¥ (401,692) ¥ (147,389) ¥ 23,204 ¥ (124,185) Reclassification adjustment for losses (gains) included in net income (loss) before attribution of noncontrolling interests 296,064 (88,081) 207,983 (51,965) 14,020 (37,945) Net change (238,591) 44,882 (193,709) (199,354) 37,224 (162,130) Net unrealized gains (losses) on investment securities attributable to noncontrolling interests 24,558 (4,588) Net unrealized losses on investment securities attributable to Mitsubishi UFJ Financial Group (218,267) (157,542) Net debt valuation adjustments: Net debt valuation adjustments 65,470 (20,047) 45,423 (32,387) 9,917 (22,470) Reclassification adjustment for losses included in net income (loss) before attribution of noncontrolling interests 89 (27) 62 302 (92) 210 Net change 65,559 (20,074) 45,485 (32,085) 9,825 (22,260) Net debt valuation adjustments attributable to noncontrolling interests — — Net debt valuation adjustments attributable to Mitsubishi UFJ Financial Group 45,485 (22,260) Net unrealized gains (losses) on derivatives qualifying for cash flow hedges: Net unrealized gains (losses) on derivatives qualifying for cash flow hedges (22,892) 6,571 (16,321) 3,029 (599) 2,430 Reclassification adjustment for gains included in net income (loss) before attribution of noncontrolling interests (6,701) 1,662 (5,039) (3,013) 598 (2,415) Net change (29,593) 8,233 (21,360) 16 (1) 15 Net unrealized gains on derivatives qualifying for cash flow hedges attributable to noncontrolling interests 326 2 Net unrealized gains (losses) on derivatives qualifying for cash flow hedges attributable to Mitsubishi UFJ Financial Group (21,686) 13 Defined benefit plans: Defined benefit plans (23,354) 6,682 (16,672) 75,036 (22,992) 52,044 Reclassification adjustment for gains included in net income (loss) before attribution of noncontrolling interests (443) 250 (193) (4,612) 1,533 (3,079) Net change (23,797) 6,932 (16,865) 70,424 (21,459) 48,965 Defined benefit plans attributable to noncontrolling interests 83 39 Defined benefit plans attributable to Mitsubishi UFJ Financial Group (16,948) 48,926 Foreign currency translation adjustments: Foreign currency translation adjustments 1,654,830 (196,704) 1,458,126 1,200,624 (146,735) 1,053,889 Reclassification adjustment for gains included in net income (loss) before attribution of noncontrolling interests (12,257) 3,753 (8,504) (4,231) 1,296 (2,935) Net change 1,642,573 (192,951) 1,449,622 1,196,393 (145,439) 1,050,954 Foreign currency translation adjustments attributable to noncontrolling interests 40,068 79,276 Foreign currency translation adjustments attributable to Mitsubishi UFJ Financial Group 1,409,554 971,678 Other comprehensive income attributable to Mitsubishi UFJ Financial Group ¥ 1,198,138 ¥ 840,815 |
Reclassification of Significant Items out of Accumulated OCI | The following table presents the effect of the reclassification of significant items out of Accumulated OCI on the respective line items of the accompanying condensed consolidated statements of operations for the six months ended September 30, 2022 and 2023: Six months ended 2022 2023 Details of Accumulated OCI components Amount reclassified out of Accumulated OCI Line items in the consolidated statements of operations (in millions) Net unrealized losses (gains) on investment securities Net gains on sales and redemptions of Available-for-sale debt securities ¥ (9,738) ¥ (52,655) Investment securities gains (losses)—net Impairment losses on investment securities 299,281 2 Investment securities gains (losses)—net Other 6,521 688 296,064 (51,965) Total before tax (88,081) 14,020 Income tax expense (benefit) ¥ 207,983 ¥ (37,945) Net of tax Net debt valuation adjustments ¥ 89 ¥ 302 Equity in earnings of equity method investees—net 89 302 Total before tax (27) (92) Income tax expense (benefit) ¥ 62 ¥ 210 Net of tax Net unrealized losses (gains) on derivatives qualifying for cash flow hedges Interest rate contracts ¥ (5,173) ¥ — Interest income on Loans, including fees Foreign exchange contracts (1,528) (3,013) Interest expense on Long-term debt or Foreign exchange losses—net (6,701) (3,013) Total before tax 1,662 598 Income tax expense (benefit) ¥ (5,039) ¥ (2,415) Net of tax Defined benefit plans Net actuarial loss (1) ¥ 4,165 ¥ 2,346 Other non-interest expenses Prior service cost (1) (2,469) (1,616) Other non-interest expenses Gain on settlements and curtailment, and other (1) (2,139) (5,342) Other non-interest expenses (443) (4,612) Total before tax 250 1,533 Income tax expense (benefit) ¥ (193) ¥ (3,079) Net of tax Foreign currency translation adjustments ¥ (12,257) ¥ (4,231) Other non-interest income (12,257) (4,231) Total before tax 3,753 1,296 Income tax expense (benefit) ¥ (8,504) ¥ (2,935) Net of tax Total reclassifications for the period ¥ 276,752 ¥ (63,519) Total before tax (82,443) 17,355 Income tax expense (benefit) ¥ 194,309 ¥ (46,164) Net of tax Note: (1) These Accumulated OCI components are components of net periodic benefit cost. See Note 8 for more information. |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Notional Amounts of Derivative Contracts | The following table summarizes the notional amounts of derivative contracts at March 31, 2023 and September 30, 2023: Notional amounts (1) March 31, September 30, 2023 (in trillions) Interest rate contracts ¥ 1,625.6 ¥ 1,742.9 Foreign exchange contracts 307.4 322.4 Equity contracts 5.3 6.0 Commodity contracts 0.1 0.2 Credit derivatives 11.5 6.7 Other 3.2 3.3 Total ¥ 1,953.1 ¥ 2,081.5 Note: (1) Includes both written and purchased positions. |
Fair Value Information on Derivative Instruments Recorded on Condensed Consolidated Balance Sheets | The following table summarizes fair value information on derivative instruments that are recorded on the MUFG Group’s condensed consolidated balance sheets at March 31, 2023 and September 30, 2023: Fair value of derivative instruments March 31, 2023 (1)(5) September 30, 2023 (1)(5) Not designated as hedges (2) Designated as hedges (3) Total derivatives (4) Not designated as hedges (2) Designated as hedges (3) Total derivatives (4) (in billions) Derivative assets: Interest rate contracts ¥ 7,445 ¥ — ¥ 7,445 ¥ 11,151 ¥ — ¥ 11,151 Foreign exchange contracts 5,276 5 5,281 7,176 8 7,184 Equity contracts 90 — 90 150 — 150 Commodity contracts 10 — 10 19 — 19 Credit derivatives 80 — 80 50 — 50 Other (6) 5 — 5 — — — Total derivative assets ¥ 12,906 ¥ 5 ¥ 12,911 ¥ 18,546 ¥ 8 ¥ 18,554 Derivative liabilities: Interest rate contracts ¥ 8,697 ¥ — ¥ 8,697 ¥ 12,809 ¥ — ¥ 12,809 Foreign exchange contracts 5,018 — 5,018 7,202 — 7,202 Equity contracts 128 — 128 125 — 125 Commodity contracts 10 — 10 19 — 19 Credit derivatives 90 — 90 72 — 72 Other (6) (110) — (110) (122) — (122) Total derivative liabilities ¥ 13,833 ¥ — ¥ 13,833 ¥ 20,105 ¥ — ¥ 20,105 Notes: (1) The fair value of derivative instruments is presented on a gross basis even when derivative instruments are subject to master netting agreements. Cash collateral payable and receivable associated with derivative instruments are not added to or netted against the fair value amounts. (2) The derivative instruments which are not designated as a hedging instrument are held for trading and risk management purposes, and are presented in Trading account assets and liabilities except for (6). (3) The MUFG Group adopts hedging strategies and applies hedge accounting to certain derivative transactions entered into by certain subsidiaries. The derivative instruments which are designated as hedging instruments are presented in Other assets or Other liabilities on the accompanying condensed consolidated balance sheets. (4) This table does not include contracts with embedded derivatives for which the fair value option has been elected. (5) For more information about fair value measurement and assumptions used to measure the fair value of derivatives, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. (6) Other mainly includes bifurcated embedded derivatives carried at fair value, which are presented in Loans, Deposits and Long-term debt. |
Gains and Losses for Trading and Risk Management Derivatives (Not Designated as Hedging Instruments) | The following table provides more detailed information regarding the derivative-related impact on the accompanying condensed consolidated statements of operations for the six months ended September 30, 2022 and 2023: Trading and risk management derivatives gains and losses (Not designated as hedging instruments) Foreign exchange gains (losses)—net Trading account profits (losses)—net Total (in billions) Six months ended September 30, 2022: Interest rate contracts ¥ — ¥ 64 ¥ 64 Foreign exchange contracts (168) — (168) Equity contracts — (24) (24) Credit derivatives — (2) (2) Other (1) (8) 23 15 Total ¥ (176) ¥ 61 ¥ (115) Six months ended September 30, 2023: Interest rate contracts ¥ — ¥ (219) ¥ (219) Foreign exchange contracts (385) — (385) Equity contracts — (268) (268) Credit derivatives — (20) (20) Other (1) (8) (32) (40) Total ¥ (393) ¥ (539) ¥ (932) Note: (1) Other mainly includes bifurcated embedded derivatives carried at fair value, which are presented in Loans, Deposits and Long-term debt. |
Protection Sold Through Credit Derivatives | The table below summarizes certain information regarding protection sold through credit derivatives as of March 31, 2023 and September 30, 2023: Protection sold Maximum potential/Notional amount by expiration period Fair value At March 31, 2023: 1 year or less 1-5 years Over 5 years Total (Asset)/ Liability (1) (in millions) Single name credit default swaps: Investment grade (2) ¥ 616,504 ¥ 2,222,393 ¥ 529,796 ¥ 3,368,693 ¥ (30,117) Non-investment grade 163,982 313,135 48,177 525,294 13,477 Total 780,486 2,535,528 577,973 3,893,987 (16,640) Index and basket credit default swaps : Investment grade (2) — 217,259 1,596 218,855 (1,266) Non-investment grade 37,359 599,638 6,200 643,197 (7,121) Not rated — 435,452 3,192 438,644 (3,329) Total 37,359 1,252,349 10,988 1,300,696 (11,716) Total credit default swaps sold ¥ 817,845 ¥ 3,787,877 ¥ 588,961 ¥ 5,194,683 ¥ (28,356) Protection sold Maximum potential/Notional amount by expiration period Fair value At September 30, 2023: 1 year or less 1-5 years Over 5 years Total (Asset)/ Liability (1) (in millions) Single name credit default swaps: Investment grade (2) ¥ 321,667 ¥ 925,277 ¥ 327,235 ¥ 1,574,179 ¥ (13,488) Non-investment grade 103,022 188,539 21,298 312,859 3,810 Total 424,689 1,113,816 348,533 1,887,038 (9,678) Index and basket credit default swaps : Investment grade (2) 56,000 905,146 18,281 979,427 (9,869) Non-investment grade — — — — — Not rated 2,876 — — 2,876 (12) Total 58,876 905,146 18,281 982,303 (9,881) Total credit default swaps sold ¥ 483,565 ¥ 2,018,962 ¥ 366,814 ¥ 2,869,341 ¥ (19,559) Notes: (1) Fair value amounts are shown on a gross basis prior to cash collateral or counterparty netting. (2) The MUFG Group considers ratings of Baa3/BBB- or higher to meet the definition of investment grade. |
Obligations Under Guarantees _2
Obligations Under Guarantees and Other Off-balance Sheet Instruments (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Guarantee Obligations And Other Off Balance Sheet Instruments [Abstract] | |
Contractual or Notional Amounts of Guarantees | The table below presents the contractual or notional amounts of such guarantees at March 31, 2023 and September 30, 2023: March 31, September 30, 2023 (in billions) Standby letters of credit and financial guarantees ¥ 4,975 ¥ 5,087 Performance guarantees 4,179 4,697 Derivative instruments (1)(2) 48,363 53,415 Liabilities of trust accounts 17,139 21,703 Other 85 76 Total ¥ 74,741 ¥ 84,978 Notes: (1) Credit derivatives sold by the MUFG Group are excluded from this presentation. (2) Derivative instruments that are deemed to be included within the definition of guarantees as prescribed in the guidance on guarantees include certain written options and credit default swaps. |
Maximum Potential Amount of Future Payments Classified Based Upon Internal Credit Ratings | Presented in the tables below is the maximum potential amount of future payments classified based upon internal credit ratings as of March 31, 2023 and September 30, 2023. The determination of the maximum potential future payments is based on the notional amount of the guarantees without consideration of possible recoveries under recourse provisions or from collateral held or pledged. Such amounts do not represent the anticipated losses, if any, on these guarantees. At March 31, 2023: Maximum potential/ Contractual or Notional amount Amount by borrower grade Normal Close Watch (1) Likely to become Bankrupt or Legally/ Virtually Bankrupt (1) Not rated (in billions) Standby letters of credit and financial guarantees ¥ 4,975 ¥ 4,819 ¥ 78 ¥ 17 ¥ 61 Performance guarantees 4,179 4,066 53 29 31 Total ¥ 9,154 ¥ 8,885 ¥ 131 ¥ 46 ¥ 92 At September 30, 2023: Maximum potential/ Contractual or Notional amount Amount by borrower grade Normal Close Watch (1) Likely to become Bankrupt or Legally/ Virtually Bankrupt (1) Not rated (in billions) Standby letters of credit and financial guarantees ¥ 5,087 ¥ 4,972 ¥ 88 ¥ 10 ¥ 17 Performance guarantees 4,697 4,598 35 27 37 Total ¥ 9,784 ¥ 9,570 ¥ 123 ¥ 37 ¥ 54 Note: (1) See Notes of the tables regarding “the maximum potential amount of future payments classified based upon internal credit ratings” in Note 24 to the consolidated financial statements for the fiscal year ended March 31, 2023. |
Contractual Amounts With Regard to Other Off Balance Sheet Instruments | The table below presents the contractual amounts with regard to such instruments at March 31, 2023 and September 30, 2023: March 31, September 30, 2023 (in billions) Commitments to extend credit ¥ 88,631 ¥ 92,387 Commercial letters of credit 871 894 Commitments to make investments 705 712 |
Variable Interest Entities (Tab
Variable Interest Entities (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Variable Interest Entities [Abstract] | |
Assets and Liabilities of Variable Interest Entities | The following tables present the assets and liabilities of consolidated VIEs recorded on the accompanying condensed consolidated balance sheets at March 31, 2023 and September 30, 2023: Consolidated VIEs Consolidated assets At March 31, 2023: Total Cash and due from banks Interest-earning deposits in other banks Trading account assets Investment securities Loans All other assets (in millions) Asset-backed conduits ¥ 7,388,845 ¥ 71,649 ¥ 34,521 ¥ 47,606 ¥ 1,027,862 ¥ 6,185,514 ¥ 21,693 Investment funds 1,331,962 — 46,157 359,777 65,204 — 860,824 Special purpose entities created for structured financing 248,952 — 2,593 8,624 — 135,606 102,129 Repackaged instruments 243,513 7,882 — 167,007 53,617 15,007 — Securitization of the MUFG Group’s assets 10,389,398 — 1,434 — — 10,371,275 16,689 Trust arrangements 8,176,795 — — 833,864 1,514,530 5,828,397 4 Other 62,109 584 3,952 14,606 16,159 2,822 23,986 Total consolidated assets before elimination 27,841,574 80,115 88,657 1,431,484 2,677,372 22,538,621 1,025,325 The amounts eliminated in consolidation (6,739,954) (71,872) (36,626) (63,556) (600,635) (5,940,036) (27,229) Total consolidated assets ¥ 21,101,620 ¥ 8,243 ¥ 52,031 ¥ 1,367,928 ¥ 2,076,737 ¥ 16,598,585 ¥ 998,096 Consolidated liabilities Total Deposits Other short-term borrowings Long-term debt All other liabilities (in millions) Asset-backed conduits ¥ 7,364,030 ¥ — ¥ 5,587,813 ¥ 1,367,234 ¥ 408,983 Investment funds 830,751 — 817,292 7,407 6,052 Special purpose entities created for structured financing 127,768 — — 109,352 18,416 Repackaged instruments 245,829 — — 230,285 15,544 Securitization of the MUFG Group’s assets 10,418,160 — — 10,154,662 263,498 Trust arrangements 8,176,907 6,408,837 840,690 — 927,380 Other 56,902 — 1,456 31,900 23,546 Total consolidated liabilities before elimination 27,220,347 6,408,837 7,247,251 11,900,840 1,663,419 The amounts eliminated in consolidation (16,102,106) (302) (3,696,647) (11,469,378) (935,779) The amount of liabilities with recourse to the general credit of the MUFG Group (10,503,305) (6,408,535) (3,505,172) (25,033) (564,565) Liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of the MUFG Group ¥ 614,936 ¥ — ¥ 45,432 ¥ 406,429 ¥ 163,075 Consolidated VIEs Consolidated assets At September 30, 2023: Total Cash and due from banks Interest-earning deposits in other banks Trading account assets Investment securities Loans All other (in millions) Asset-backed conduits ¥ 7,732,815 ¥ 77,234 ¥ 30,077 ¥ 68,683 ¥ 969,899 ¥ 6,539,924 ¥ 46,998 Investment funds 1,467,112 901 116,379 327,950 73,117 — 948,765 Special purpose entities created for structured financing 250,614 — 3,293 8,071 — 147,264 91,986 Repackaged instruments 288,371 7,132 — 136,973 129,266 15,000 — Securitization of the MUFG Group’s assets 10,786,948 — 1,431 — — 10,766,601 18,916 Trust arrangements 8,770,532 — — 840,042 1,524,982 6,405,502 6 Other 67,548 499 3,794 24,726 16,249 2,597 19,683 Total consolidated assets before elimination 29,363,940 85,766 154,974 1,406,445 2,713,513 23,876,888 1,126,354 The amounts eliminated in consolidation (7,426,415) (78,356) (92,361) (98,158) (600,372) (6,527,631) (29,537) Total consolidated assets ¥ 21,937,525 ¥ 7,410 ¥ 62,613 ¥ 1,308,287 ¥ 2,113,141 ¥ 17,349,257 ¥ 1,096,817 Consolidated liabilities Total Deposits Other short-term borrowings Long-term debt All other (in millions) Asset-backed conduits ¥ 7,697,001 ¥ — ¥ 5,880,073 ¥ 1,362,328 ¥ 454,600 Investment funds 951,058 — 934,436 8,339 8,283 Special purpose entities created for structured financing 123,698 — — 119,496 4,202 Repackaged instruments 296,297 — — 281,304 14,993 Securitization of the MUFG Group’s assets 10,798,823 — — 10,524,243 274,580 Trust arrangements 8,770,460 6,988,735 850,957 — 930,768 Other 62,254 — 1,173 41,972 19,109 Total consolidated liabilities before elimination 28,699,591 6,988,735 7,666,639 12,337,682 1,706,535 The amounts eliminated in consolidation (16,622,457) (1,337) (3,744,249) (11,935,141) (941,730) The amount of liabilities with recourse to the general credit of the MUFG Group (11,581,012) (6,987,398) (3,882,245) (28,439) (682,930) Liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of the MUFG Group ¥ 496,122 ¥ — ¥ 40,145 ¥ 374,102 ¥ 81,875 The following tables present the total assets of non-consolidated VIEs, the maximum exposure to loss resulting from the MUFG Group’s involvement with non-consolidated VIEs, and the assets and liabilities which relate to the MUFG’s variable interests in non-consolidated VIEs at March 31, 2023 and September 30, 2023: Non-consolidated VIEs On-balance sheet assets On-balance sheet liabilities At March 31, 2023: Total assets Maximum exposure Total Trading account assets Investment securities Loans All other assets Total All other liabilities (in millions) Asset-backed conduits ¥ 41,001,958 ¥ 8,062,589 ¥ 6,384,079 ¥ 21,719 ¥ 2,205,877 ¥ 4,142,995 ¥ 13,488 ¥ 10,823 ¥ 10,823 Investment funds 55,386,213 4,930,989 3,446,109 262,312 120,436 2,710,177 353,184 27,606 27,606 Special purpose entities created for structured financing 54,543,066 5,864,814 3,907,598 80,382 39,357 3,749,670 38,189 208,100 208,100 Repackaged instruments 9,034,058 4,372,581 4,117,969 944,795 2,641,384 386,793 144,997 2,230 2,230 Other 87,989,676 3,989,548 2,761,087 146,286 7,552 2,523,976 83,273 46,354 46,354 Total ¥ 247,954,971 ¥ 27,220,521 ¥ 20,616,842 ¥ 1,455,494 ¥ 5,014,606 ¥ 13,513,611 ¥ 633,131 ¥ 295,113 ¥ 295,113 Non-consolidated VIEs On-balance sheet assets On-balance sheet liabilities At September 30, 2023: Total assets Maximum exposure Total Trading account assets Investment securities Loans All other Total All other liabilities (in millions) Asset-backed conduits ¥ 47,471,678 ¥ 9,089,567 ¥ 7,124,602 ¥ 12,163 ¥ 2,157,156 ¥ 4,942,714 ¥ 12,569 ¥ 18,936 ¥ 18,936 Investment funds 96,500,851 6,697,234 4,355,603 452,953 168,683 3,310,669 423,298 42,092 42,092 Special purpose entities created for structured financing 66,635,155 7,309,836 4,838,196 66,104 43,255 4,685,051 43,786 382,651 382,651 Repackaged instruments 9,710,418 5,016,578 4,846,411 1,436,901 2,805,459 427,025 177,026 1,342 1,342 Other 89,295,182 4,721,771 3,139,977 221,414 3,716 2,858,393 56,454 31,282 31,282 Total ¥ 309,613,284 ¥ 32,834,986 ¥ 24,304,789 ¥ 2,189,535 ¥ 5,178,269 ¥ 16,223,852 ¥ 713,133 ¥ 476,303 ¥ 476,303 |
Fees and Commissions Income (Ta
Fees and Commissions Income (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Details of Fees and Commissions Income | Details of fees and commissions income for the six months ended September 30, 2022 and 2023 are as follows: 2022 2023 (in millions) Fees and commissions on deposits ¥ 27,784 ¥ 18,310 Fees and commissions on remittances and transfers 73,627 73,427 Fees and commissions on foreign trading business 35,165 36,901 Fees and commissions on credit card business 111,697 120,071 Fees and commissions on security-related services 107,541 132,829 Fees and commissions on administration and management services for investment funds 133,070 150,525 Trust fees 66,832 62,724 Guarantee fees (1) 23,481 25,237 Insurance commissions 22,259 26,482 Fees and commissions on real estate business 21,984 22,347 Other fees and commissions (2) 164,202 212,405 Total ¥ 787,642 ¥ 881,258 Notes: (1) Guarantee fees are not within the scope of the guidance on revenue from contracts with customers (2) Other fees and commissions include non-refundable financing related fees that are not within the scope of the guidance on revenue from contracts with customers. |
Business Segments (Tables)
Business Segments (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Segment Reporting [Abstract] | |
Financial Information by Business Segment | Customer Business Digital Retail & Japanese Global Asset Global Total Global Other Total (in billions) Six months ended September 30, 2022: Net revenue: ¥ 371.7 ¥ 283.8 ¥ 345.3 ¥ 447.4 ¥ 177.2 ¥ 345.5 ¥ 1,970.9 ¥ 360.6 ¥ 13.4 ¥ 2,344.9 BK and TB (1) : 127.2 194.6 277.5 27.3 53.0 247.4 927.0 225.6 23.5 1,176.1 Net interest income 106.7 90.8 153.0 27.3 5.3 114.5 497.6 604.6 57.8 1,160.0 Net fees 19.2 87.2 91.9 — 47.8 114.1 360.2 (8.6) (30.7) 320.9 Other 1.3 16.6 32.6 — (0.1) 18.8 69.2 (370.4) (3.6) (304.8) Other than BK and TB 244.5 89.2 67.8 420.1 124.2 98.1 1,043.9 135.0 (10.1) 1,168.8 Operating expenses 259.0 227.6 165.8 305.0 123.4 168.4 1,249.2 136.3 69.8 1,455.3 Operating profit (loss) ¥ 112.7 ¥ 56.2 ¥ 179.5 ¥ 142.4 ¥ 53.8 ¥ 177.1 ¥ 721.7 ¥ 224.3 ¥ (56.4) ¥ 889.6 Fixed assets (2) ¥ 147.5 ¥ 199.1 ¥ 157.1 ¥ 1.2 ¥ 13.7 ¥ 134.5 ¥ 653.1 ¥ 108.7 ¥ 541.5 ¥ 1,303.3 Increase in fixed assets (3) ¥ 15.2 ¥ 21.0 ¥ 17.7 ¥ 0.4 ¥ 3.2 ¥ 9.7 ¥ 67.2 ¥ 10.4 ¥ 9.6 ¥ 87.2 Depreciation (3) ¥ 5.1 ¥ 11.0 ¥ 18.0 ¥ 0.1 ¥ 2.8 ¥ 15.5 ¥ 52.5 ¥ 13.3 ¥ 8.8 ¥ 74.6 Six months ended September 30, 2023: Net revenue: ¥ 380.2 ¥ 318.8 ¥ 463.8 ¥ 310.9 ¥ 205.7 ¥ 418.4 ¥ 2,097.8 ¥ 381.7 ¥ 25.0 ¥ 2,504.5 BK and TB (1) : 124.3 220.0 376.8 19.6 56.8 376.6 1,174.1 229.4 106.3 1,509.8 Net interest income 106.9 115.1 237.4 19.1 6.5 195.6 680.6 119.3 86.6 886.5 Net fees 16.6 91.1 104.9 — 50.3 162.4 425.3 (9.3) (7.2) 408.8 Other 0.8 13.8 34.5 0.5 — 18.6 68.2 119.4 26.9 214.5 Other than BK and TB 255.9 98.8 87.0 291.3 148.9 41.8 923.7 152.3 (81.3) 994.7 Operating expenses 264.2 230.8 169.4 174.9 145.7 174.1 1,159.1 149.9 117.6 1,426.6 Operating profit (loss) ¥ 116.0 ¥ 88.0 ¥ 294.4 ¥ 136.0 ¥ 60.0 ¥ 244.3 ¥ 938.7 ¥ 231.8 ¥ (92.6) ¥ 1,077.9 Fixed assets (2) ¥ 172.8 ¥ 211.0 ¥ 161.0 ¥ 1.3 ¥ 22.1 ¥ 168.4 ¥ 736.6 ¥ 108.4 ¥ 531.9 ¥ 1,376.9 Increase in fixed assets (3) ¥ 19.1 ¥ 20.8 ¥ 22.3 ¥ 0.2 ¥ 7.3 ¥ 15.9 ¥ 85.6 ¥ 13.1 ¥ 15.3 ¥ 114.0 Depreciation (3) ¥ 7.0 ¥ 12.0 ¥ 21.2 ¥ 0.1 ¥ 4.0 ¥ 21.8 ¥ 66.1 ¥ 15.5 ¥ 8.6 ¥ 90.2 Notes: (1) “BK and TB” is a sum of MUFG Bank on a stand-alone basis (BK) and Mitsubishi UFJ Trust and Banking on a stand-alone basis (TB). (2) Fixed assets in the above table are based on the financial information prepared in accordance with Japanese GAAP as adjusted in accordance with internal management accounting rules and practices, and the amounts correspond to premises and equipment-net, intangible assets-net and goodwill of BK and TB. Fixed assets of MUFG and other consolidated subsidiaries and Japanese GAAP consolidation adjustments amounting to ¥1,422.4 billion as of September 30, 2022 and ¥1,344.5 billion as of September 30, 2023, respectively, are not allocated to each business segment when determining the allocation of management resources and assessing performance and, therefore, such amounts are not included in the table above. (3) These amounts are related to the fixed assets of BK and TB included in the table above. |
Reconciliation of Operating Profit (Loss) from Segments to Condensed Consolidated Statements of Income | A reconciliation of operating profit and fixed assets under the internal management reporting system for the six months ended September 30, 2022 and 2023 above to income before income tax expense shown in the accompanying condensed consolidated statements of operations and the total amount of premises and equipment-net, intangible assets-net and goodwill are as follows: Six months ended 2022 2023 (in billions) Operating profit: ¥ 890 ¥ 1,078 Reversal of (provision for) credit losses 98 (62) Foreign exchange losses—net (165) (385) Trading account losses—net (1,670) (1,133) Equity investment securities gains (losses)—net (433) 624 Debt investment securities gains—net 199 102 Equity in earnings of equity method investees—net 187 215 Reversal of off-balance sheet credit instruments 12 4 Reversal of impairment of assets held for sale 134 — Loss on valuation adjustment for loans held for sale held by MUFG Union Bank (209) — Other—net (335) (159) Income (loss) before income tax expense (benefit) ¥ (1,292) ¥ 284 Fixed assets: ¥ 1,303 ¥ 1,377 U.S. GAAP adjustments and other 1,088 1,100 Premises and equipment-net, Intangible assets-net and Goodwill ¥ 2,391 ¥ 2,477 |
Fair Value (Tables)
Fair Value (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Fair Value Disclosures [Abstract] | |
Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables present the financial instruments carried at fair value by level within the fair value hierarchy as of March 31, 2023 and September 30, 2023: At March 31, 2023 Level 1 Level 2 Level 3 Fair Value (in millions) Assets Trading account assets: Trading securities (1) ¥ 19,098,208 ¥ 12,746,415 ¥ 1,182,319 ¥ 33,026,942 Debt securities Japanese national government and Japanese government agency bonds 6,092,523 329,502 — 6,422,025 Japanese prefectural and municipal bonds — 279,168 — 279,168 Foreign government and official institution bonds 11,760,274 493,691 1,168 12,255,133 Corporate bonds 3,965 2,252,424 — 2,256,389 Residential mortgage-backed securities — 4,978,709 — 4,978,709 Commercial mortgage-backed securities — 4,627 — 4,627 Asset-backed securities — 1,210,381 668,911 1,879,292 Other debt securities — — 334,124 334,124 Commercial paper — 1,931,569 — 1,931,569 Equity securities (2) 1,241,446 1,266,344 178,116 2,685,906 Trading derivative assets 84,406 12,674,978 142,343 12,901,727 Interest rate contracts 40,013 7,311,689 93,833 7,445,535 Foreign exchange contracts 3,909 5,258,511 13,714 5,276,134 Equity contracts 40,484 28,617 20,659 89,760 Commodity contracts — 17 9,908 9,925 Credit derivatives — 76,144 3,801 79,945 Other (8) — — 428 428 Trading loans (3) — 13,820 — 13,820 Investment securities: Available-for-sale debt securities 25,236,359 10,250,511 253,932 35,740,802 Japanese national government and Japanese government agency bonds 23,292,055 2,754,548 — 26,046,603 Japanese prefectural and municipal bonds — 2,759,941 — 2,759,941 Foreign government and official institution bonds 1,944,304 978,438 — 2,922,742 Corporate bonds — 1,056,191 1,970 1,058,161 Residential mortgage-backed securities — 1,110,239 15 1,110,254 Asset-backed securities — 1,247,377 182,938 1,430,315 Other debt securities — 343,777 69,009 412,786 Equity securities 4,362,017 101,576 74,761 4,538,354 Marketable equity securities 4,362,017 101,576 — 4,463,593 Nonmarketable equity securities (4) — — 74,761 74,761 Other (5) 1,535,446 848,596 92,251 2,476,293 Total ¥ 50,316,436 ¥ 36,635,896 ¥ 1,745,606 ¥ 88,697,938 At March 31, 2023 Level 1 Level 2 Level 3 Fair Value (in millions) Liabilities Trading account liabilities: Trading securities sold, not yet purchased ¥ 232,287 ¥ 2,620 ¥ — ¥ 234,907 Trading derivative liabilities 163,129 13,718,992 61,247 13,943,368 Interest rate contracts 85,641 8,566,043 45,204 8,696,888 Foreign exchange contracts 1,679 5,013,909 2,369 5,017,957 Equity contracts 75,809 48,953 3,731 128,493 Commodity contracts — — 9,817 9,817 Credit derivatives — 90,087 62 90,149 Other (8) — — 64 64 Obligation to return securities received as collateral (6) 6,664,578 158,763 68,204 6,891,545 Other (7) — 313,482 73,663 387,145 Total ¥ 7,059,994 ¥ 14,193,857 ¥ 203,114 ¥ 21,456,965 At September 30, 2023 Level 1 Level 2 Level 3 Fair Value (in millions) Assets Trading account assets: Trading securities (1) ¥ 15,816,502 ¥ 14,709,285 ¥ 1,816,498 ¥ 32,342,285 Debt securities Japanese national government and Japanese government agency bonds 6,491,075 497,522 — 6,988,597 Japanese prefectural and municipal bonds — 211,107 — 211,107 Foreign government and official institution bonds 7,754,392 792,052 150 8,546,594 Corporate bonds — 2,660,321 — 2,660,321 Residential mortgage-backed securities — 5,585,266 — 5,585,266 Asset-backed securities — 1,246,481 1,118,759 2,365,240 Other debt securities — 2,135 517,349 519,484 Commercial paper — 2,428,377 — 2,428,377 Equity securities (2) 1,571,035 1,286,024 180,240 3,037,299 Trading derivative assets 143,551 18,330,520 71,219 18,545,290 Interest rate contracts 55,656 11,071,557 23,369 11,150,582 Foreign exchange contracts 4,661 7,159,046 11,989 7,175,696 Equity contracts 83,234 50,814 15,589 149,637 Commodity contracts — 476 18,548 19,024 Credit derivatives — 48,610 1,449 50,059 Other (8) — 17 275 292 Trading loans (3) — 22,996 — 22,996 Investment securities: Available-for-sale debt securities 23,749,188 8,281,883 341,708 32,372,779 Japanese national government and Japanese government agency bonds 21,647,505 2,158,975 — 23,806,480 Japanese prefectural and municipal bonds — 1,435,996 — 1,435,996 Foreign government and official institution bonds 2,101,683 1,045,758 — 3,147,441 Corporate bonds — 994,968 2,193 997,161 Residential mortgage-backed securities — 1,190,307 15 1,190,322 Asset-backed securities — 1,060,851 272,720 1,333,571 Other debt securities — 395,028 66,780 461,808 Equity securities 4,934,283 81,667 82,488 5,098,438 Marketable equity securities 4,934,283 81,568 — 5,015,851 Nonmarketable equity securities (4) — 99 82,488 82,587 Other (5) 854,305 962,406 120,275 1,936,986 Total ¥ 45,497,829 ¥ 42,388,757 ¥ 2,432,188 ¥ 90,318,774 At September 30, 2023 Level 1 Level 2 Level 3 Fair Value (in millions) Liabilities Trading account liabilities: Trading securities sold, not yet purchased ¥ 81,006 ¥ 6,877 ¥ — ¥ 87,883 Trading derivative liabilities 106,471 20,064,626 56,184 20,227,281 Interest rate contracts 28,508 12,746,145 34,249 12,808,902 Foreign exchange contracts 4,886 7,195,310 2,290 7,202,486 Equity contracts 73,077 51,854 530 125,461 Commodity contracts — — 18,592 18,592 Credit derivatives — 71,307 252 71,559 Other (8) — 10 271 281 Obligation to return securities received as collateral (6) 6,602,613 219,257 73,257 6,895,127 Other (7) — 268,535 28,932 297,467 Total ¥ 6,790,090 ¥ 20,559,295 ¥ 158,373 ¥ 27,507,758 Notes: (1) Includes securities measured under the fair value option. (2) Excludes certain investments valued at net asset value of private equity funds whose fair values at March 31, 2023 were ¥225,972 million and those at September 30, 2023 were ¥267,084 million, respectively. The amounts of unfunded commitments related to these private equity funds at March 31, 2023 were ¥172,562 million, and those at September 30, 2023 were ¥230,396 million, respectively. For the nature and details of these investments, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. (3) Includes loans measured under the fair value option. (4) Excludes certain investments valued at net asset value of real estate funds and private equity and other funds whose fair values at March 31, 2023 were ¥29,308 million and ¥51,458 million, respectively, and those at September 30, 2023 were ¥32,322 million and ¥57,383 million, respectively. The amounts of unfunded commitments related to these real estate funds and private equity and other funds at March 31, 2023 were ¥1,305 million and nil, respectively, and those at September 30, 2023 were ¥1,018 million and ¥250 million, respectively. For the nature and details of these investments, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. (5) Mainly comprises securities received as collateral that may be sold or repledged under securities lending transactions. (6) Included in Other liabilities. (7) Mainly includes other short-term borrowings, long-term debt and bifurcated embedded derivatives carried at fair value. (8) Includes certain derivatives such as earthquake derivatives. |
Reconciliation of Assets and Liabilities Measured at Fair Value on Recurring Basis Using Level 3 Inputs | Accordingly, the gains and losses in the tables below include changes in fair value due in part to observable inputs used in the valuation techniques. Total gains (losses) Change in unrealized gains (losses) for assets and liabilities still held at September 30, 2022 March 31, 2022 Included Included Purchases Issues Sales Settlements Transfers Transfers September 30, 2022 (in millions) Assets Trading account assets: Trading securities (1) ¥ 797,997 ¥ 125,172 (2) ¥ — ¥ 333,302 ¥ — ¥ (21,408) ¥ (9,255) ¥ — ¥ (877) ¥ 1,224,931 ¥ 121,950 (2) Debt securities Foreign government and official institution bonds 1,711 57 — 5,712 — (5,765) (250) — (194) 1,271 5 Corporate bonds 683 — — — — — — — (683) — — Asset-backed securities 315,231 72,667 — 324,375 — (15,636) (259) — — 696,378 71,580 Other debt securities 313,166 44,986 — — — — — — — 358,152 44,986 Equity securities 167,206 7,462 — 3,215 — (7) (8,746) — — 169,130 5,379 Trading derivatives—net 71,089 (24,159) (2) 1,775 612 (334) — (19,889) 20,791 (25,003) 24,882 (21,160) (2) Interest rate contracts—net 37,493 (39,744) 30 — — — (1,901) 20,612 (5) (25,017) (5) (8,527) (33,999) Foreign exchange contracts—net 7,463 3,509 392 — — — (4,200) 179 56 7,399 1,705 Equity contracts—net 23,420 10,723 1,355 19 — — (13,639) — (42) 21,836 9,785 Commodity contracts—net (45) 26 (2) — — — (5) — — (26) 27 Credit derivatives—net 2,729 1,236 — — — — (144) — — 3,821 1,232 Other—net (8) 29 91 — 593 (334) — — — — 379 90 Investment securities: Available-for-sale debt securities 212,936 (1,096) (3) 30,227 170,610 — — (141,788) 1,405 — 272,294 23,794 (3) Foreign government and official institution bonds 11,890 — (925) 128 — — (11,093) — — — — Corporate bonds 3,089 (42) 210 1,824 — — (57) 1,255 — 6,279 165 Residential mortgage-backed securities 15 — — — — — — — — 15 — Asset-backed securities 124,379 (1,125) 21,490 168,312 — — (130,638) — — 182,418 14,106 Other debt securities 73,563 71 9,452 346 — — — 150 — 83,582 9,523 Equity securities 55,883 1,881 (3) 495 9,884 — (1,336) (806) 2,855 (236) 68,620 1,737 (3) Nonmarketable equity securities 55,883 1,881 495 9,884 — (1,336) (806) 2,855 (236) 68,620 1,737 Other 4,912 357 (7) (3) 89,081 — — (111) 1,925 — 96,161 357 (7) Assets held for sale 76,918 3,928 (9) 13,071 1,120 — (1,158) (9,254) — — 84,625 15,113 (9) Investment securities 65,262 (1,261) 10,114 93 — (1,158) (9,254) — — 63,796 7,456 Other 11,656 5,189 2,957 1,027 — — — — — 20,829 7,657 Total ¥ 1,219,735 ¥ 106,083 ¥ 45,565 ¥ 604,609 ¥ (334) ¥ (23,902) ¥ (181,103) ¥ 26,976 ¥ (26,116) ¥ 1,771,513 ¥ 141,791 Liabilities Obligation to return securities received as collateral ¥ — ¥ — ¥ — ¥ — ¥ 73,595 ¥ — ¥ — ¥ — ¥ — ¥ 73,595 ¥ — Other 16,463 54,070 (4) (10,269) — 54,527 — (19,043) 116,892 (6) (3,554) (6) 121,484 58,483 (4) Total ¥ 16,463 ¥ 54,070 ¥ (10,269) ¥ — ¥ 128,122 ¥ — ¥ (19,043) ¥ 116,892 ¥ (3,554) ¥ 195,079 ¥ 58,483 Total gains (losses) Change in unrealized gains (losses) for assets and liabilities still held at September 30, 2023 March 31, Included Included Purchases Issues Sales Settlements Transfers Transfers September 30, 2023 (in millions) Assets Trading account assets: Trading securities (1) ¥ 1,182,319 ¥ 149,674 (2) ¥ — ¥ 494,881 ¥ — ¥ (626) ¥ (9,895) ¥ 145 ¥ — ¥ 1,816,498 ¥ 148,307 (2) Debt securities Foreign government and official institution bonds 1,168 122 — 7 — (7) (1,140) — — 150 (1) Asset-backed securities 668,911 108,122 — 345,917 — — (4,191) — — 1,118,759 107,898 Other debt securities 334,124 42,225 — 141,000 — — — — — 517,349 42,225 Equity securities 178,116 (795) — 7,957 — (619) (4,564) 145 — 180,240 (1,815) Trading derivatives—net 81,096 (12,416) (2) 1,836 4 (355) — (10,117) 10,271 (55,284) 15,035 (14,426) (2) Interest rate contracts—net 48,629 (16,890) (1,036) — — — 1,267 10,595 (5) (53,445) (5) (10,880) (18,757) Foreign exchange contracts—net 11,345 (2,797) 999 — — — 417 (324) 59 9,699 (2,220) Equity contracts—net 16,928 8,065 1,874 4 — — (11,696) — (116) 15,059 7,327 Commodity contracts—net 91 (128) (1) — — — (6) — — (44) (128) Credit derivatives—net 3,739 (661) — — — — (99) — (1,782) 1,197 (648) Other—net (8) 364 (5) — — (355) — — — — 4 — Investment securities: Available-for-sale debt securities 253,932 1,677 (3) 20,568 205,826 — — (140,321) 26 — 341,708 18,299 (3) Corporate bonds 1,970 (2) 203 — — — (4) 26 — 2,193 201 Residential mortgage-backed securities 15 — — — — — — — — 15 — Asset-backed securities 182,938 1,597 15,841 205,611 — — (133,267) — — 272,720 13,492 Other debt securities 69,009 82 4,524 215 — — (7,050) — — 66,780 4,606 Equity securities 74,761 3,385 (3) 408 5,870 — (1,474) — — (462) 82,488 2,503 (3) Nonmarketable equity securities 74,761 3,385 408 5,870 — (1,474) — — (462) 82,488 2,503 Other 92,251 (37) (7) 154 27,955 — — (48) — — 120,275 (37) (7) Total ¥ 1,684,359 ¥ 142,283 ¥ 22,966 ¥ 734,536 ¥ (355) ¥ (2,100) ¥ (160,381) ¥ 10,442 ¥ (55,746) ¥ 2,376,004 ¥ 154,646 Liabilities Obligation to return securities received as collateral ¥ 68,204 ¥ — ¥ — ¥ — ¥ 5,053 ¥ — ¥ — ¥ — ¥ — ¥ 73,257 ¥ — Other 73,663 (24,475) (4) (5,791) — 23,080 — (54,619) 5,147 (6) (48,605) (6) 28,932 (6,980) (4) Total ¥ 141,867 ¥ (24,475) ¥ (5,791) ¥ — ¥ 28,133 ¥ — ¥ (54,619) ¥ 5,147 ¥ (48,605) ¥ 102,189 ¥ (6,980) Notes: (1) Includes Trading securities measured under the fair value option. (2) Included in Trading account losses—net and Foreign exchange losses—net. (3) Included in Investment securities gains (losses)—net and Other comprehensive income (loss), net of tax. (4) Included in Trading account losses—net and Other comprehensive income (loss), net of tax. (5) For the six months ended September 30, 2022 and 2023, transfers into Level 3 for Interest rate contracts—net were mainly caused by changes in the impact of unobservable input to the entire fair value measurement. Unobservable inputs include loss given default. Transfers out of Level 3 for Interest rate contracts—net were mainly caused by changes in the impact of unobservable inputs to the fair value measurement of the multi-callable swaps. (6) Transfers into (out of) Level 3 for long-term debt in Other were mainly caused by the decrease (increase) in the observability of the key inputs to the valuation models and a corresponding increase (decrease) in the significance of the unobservable inputs. (7) Included in Fees and commissions income and Other non-interest income. (8) Includes certain derivatives such as earthquake derivatives. (9) Included in Investment securities gains (losses)—net, Trading account losses—net, Fees and commissions income and Other comprehensive income (loss), net of tax. |
Quantitative Information About Level 3 Fair Value Measurements | The following tables present information on the valuation techniques, significant unobservable inputs and their ranges for each major category of assets and liabilities measured at fair value on a recurring basis and classified in Level 3: At March 31, 2023 Fair value (1) Valuation technique Significant unobservable inputs Range Weighted average (2) (in millions) Assets Trading securities and Investment securities: Residential mortgage-backed securities and Asset-backed securities ¥ 101,014 Discounted cash flow Recovery rate 100.0% 100.0 % 591,515 Internal model (4) Asset correlations 3.0% 3.0 % Discount factor 2.0 % ~ 2.3 % 2.0 % Prepayment rate 13.1% 13.1 % Probability of default 0.0 % ~ 99.0 % — (3) Recovery rate 72.2% 72.2 % Other debt securities 385,046 Discounted cash flow Liquidity premium 0.9 % ~ 3.2 % 2.8 % At March 31, 2023 Fair value (1) Valuation technique Significant unobservable inputs Range Median (2) (in millions) Trading derivatives—net: Interest rate contracts—net 48,209 Option model Correlation between interest rates 30.0 % ~ 60.6 % 44.4 % Correlation between interest rate and foreign exchange rate 2.0 % ~ 60.0 % 36.6 % Volatility 70.3 % ~ 106.7 % 80.1 % Foreign exchange contracts—net 11,345 Option model Correlation between interest rates 30.0 % ~ 70.0 % 50.6 % Correlation between interest rate and foreign exchange rate 14.3 % ~ 60.0 % 36.8 % Correlation between foreign exchange rates 50.0 % ~ 70.6 % 66.4 % Volatility 10.6 % ~ 23.0 % 15.6 % Equity contracts—net 3,316 Option model Correlation between foreign exchange rate and equity (58.4) % ~ 55.0 % 15.0 % Correlation between equities 5.6 % ~ 95.0 % 54.1 % Volatility 28.0 % ~ 37.0 % 32.2 % 13,612 Discounted cash flow Term of litigation 0.1 years ~ 1.0 year 0.5 years At September 30, 2023 Fair value (1) Valuation technique Significant unobservable inputs Range Weighted average (2) (in millions) Assets Trading securities and Investment securities: Residential mortgage-backed securities and Asset-backed securities ¥ 111,944 Discounted cash flow Recovery rate 100.0% 100.0 % 1,031,791 Internal model (4) Asset correlations 3.0% 3.0 % Discount factor 1.8 % ~ 2.0 % 1.8 % Prepayment rate 13.9% 13.9 % Probability of default 0.0 % ~ 99.0 % — (3) Recovery rate 57.7% 57.7 % Other debt securities 565,788 Discounted cash flow Liquidity premium 0.9 % ~ 3.2 % 2.8 % At September 30, 2023 Fair value (1) Valuation technique Significant unobservable inputs Range Median (2) (in millions) Trading derivatives—net: Interest rate contracts—net (10,880) Option model Correlation between interest rates 30.0 % ~ 60.3 % 43.6 % Correlation between interest rate and foreign exchange rate 1.3 % ~ 60.0 % 36.2 % Volatility 49.9 % ~ 72.2 % 69.2 % Foreign exchange contracts—net 9,699 Option model Correlation between interest rates 30.0 % ~ 70.0 % 51.0 % Correlation between interest rate and foreign exchange rate 20.0 % ~ 60.0 % 37.0 % Correlation between foreign exchange rates 50.0 % 70.6 % 66.4 % Volatility 10.6 % ~ 21.9 % 14.5 % Equity contracts—net 7,589 Option model Correlation between foreign exchange rate and equity (58.4) % ~ 30.0 % 10.0 % Correlation between equities 5.8 % ~ 95.0 % 53.1 % Volatility 28.5 % ~ 37.0 % 33.6 % 7,470 Discounted cash flow Term of litigation 0.3 years ~ 0.8 years 0.5 years Notes: (1) The fair value as of March 31, 2023 and September 30, 2023 excludes the fair value of investments valued using vendor prices. (2) Weighted average is calculated by weighing each input by the relative fair value of the respective financial instruments for investment securities. Median is used for derivative instruments. (3) See “Probability of default” in “Change in and range of unobservable inputs” in Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. (4) For further detail of Internal model, refer to the last paragraph of “Trading Account Assets and Liabilities—Trading Account Securities” in Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. |
Carrying Value of Assets Measured at Fair Value on Nonrecurring Basis by Level | The following table presents the carrying value of assets measured at fair value on a nonrecurring basis by level within the fair value hierarchy as of March 31, 2023 and September 30, 2023: March 31, 2023 September 30, 2023 Level 1 Level 2 Level 3 Total carrying value Level 1 Level 2 Level 3 Total (in millions) Assets Investment securities (1)(2) ¥ — ¥ 13,366 ¥ 13,271 ¥ 26,637 ¥ — ¥ 9,560 ¥ 44,882 ¥ 54,442 Loans 1,917 3,388 611,055 616,360 2,389 4,222 745,699 752,310 Loans held for sale — — 439,361 439,361 — — 584,558 584,558 Collateral dependent loans 1,917 3,388 171,694 176,999 2,389 4,222 161,141 167,752 Premises and equipment — — 11,835 11,835 — — 3,866 3,866 Intangible assets — — 309 309 — — 5,063 5,063 Goodwill — — 184,364 184,364 — — — — Other assets 178,592 — 29,003 207,595 — 38,152 24,622 62,774 Investments in equity method investees (1) 178,592 — 12,472 191,064 — 33,222 1,740 34,962 Other — — 16,531 16,531 — 4,930 22,882 27,812 Total ¥ 180,509 ¥ 16,754 ¥ 849,837 ¥ 1,047,100 ¥ 2,389 ¥ 51,934 ¥ 824,132 ¥ 878,455 Notes: (1) Excludes certain investments valued at net asset value of ¥33,595 million and ¥11,184 million at March 31, 2023 and September 30, 2023, respectively. The unfunded commitments related to these investments are ¥23,029 million and ¥18,170 million at March 31, 2023 and September 30, 2023, respectively. These investments are in private equity funds. For the nature and details of private equity funds, see Note 31 to the consolidated financial statements for the fiscal year ended March 31, 2023. (2) Includes certain nonmarketable equity securities that are measured at fair value on a nonrecurring basis, including impairment and observable price change for nonmarketable equity securities measured under the measurement alternative. |
Losses (Gains) Recorded as a Result of Changes in Fair Value Measured on a Nonrecurring Basis | The following table presents losses (gains) recorded as a result of changes in the fair value of assets measured at fair value on a nonrecurring basis for the six months ended September 30, 2022 and 2023: Losses (gains) for the six months ended September 30, 2022 2023 (in millions) Investment securities ¥ 505 ¥ 8,971 Loans (66) 44,746 Loans held for sale 451 11,096 Collateral dependent loans (517) 33,650 Premises and equipment 2,579 1,142 Intangible assets 849 11,433 Other assets 50,761 22,809 Investments in equity method investees 46,928 12,687 Other 3,833 10,122 Assets held for sale 209,107 — Loans held for sale 209,107 — Total (1) ¥ 263,735 ¥ 89,101 Note: (1) In addition to the above table, the assets and liabilities of MUFG Union Bank, which were transferred to U.S. Bancorp, were reclassified as held for sale. As a result, the disposal group was measured at the lower of carrying value or fair value less costs to sell. The impairment of assets held for sale of ¥134,141 million was recognized during the second half of the fiscal year ended March 31, 2022. However, the fair value less cost to sell exceeded the carrying value as of September 30, 2022, and the reversal of ¥134,141 million, which is included in Reversal of impairment of assets held for sale in the consolidated statements of operations through the six months ended September 30, 2022, was recognized. |
Gains (Losses) Related to Instruments for which Fair Value Option was Elected | The following table presents the gains or losses recorded for the six months ended September 30, 2022 and 2023 related to the eligible instruments for which the MUFG Group elected the fair value option: Six months ended September 30, 2022 2023 Trading account profits (losses) Foreign exchange gains (losses) Total changes in fair value Trading account profits (losses) Foreign exchange gains (losses) Total changes in fair value (in millions) Financial assets: Trading account securities ¥ (1,434,189) ¥ 2,339,864 ¥ 905,675 ¥ (596,477) ¥ 1,762,384 ¥ 1,165,907 Total ¥ (1,434,189) ¥ 2,339,864 ¥ 905,675 ¥ (596,477) ¥ 1,762,384 ¥ 1,165,907 Financial liabilities: Other short-term borrowings (1) ¥ (3,295) ¥ — ¥ (3,295) ¥ 2,592 ¥ — ¥ 2,592 Long-term debt (1) 57,444 — 57,444 (5,617) — (5,617) Total ¥ 54,149 ¥ — ¥ 54,149 ¥ (3,025) ¥ — ¥ (3,025) Note: (1) Change in value attributable to the instrument-specific credit risk related to those financial liabilities are not material. |
Differences between Aggregate Fair Value and Aggregate Remaining Contractual Principal Balance Outstanding | The following table presents the differences between the aggregate fair value and the aggregate remaining contractual principal balance outstanding as of March 31, 2023 and September 30, 2023 for long-term debt instruments for which the fair value option has been elected: March 31, 2023 September 30, 2023 Remaining aggregate contractual amounts outstanding Fair value Fair value over (under) remaining aggregate contractual amounts outstanding Remaining aggregate contractual amounts outstanding Fair value Fair value over (under) remaining aggregate contractual amounts outstanding (in millions) Financial liabilities: Long-term debt ¥ 501,982 ¥ 431,338 ¥ (70,644) ¥ 363,840 ¥ 339,840 ¥ (24,000) Total ¥ 501,982 ¥ 431,338 ¥ (70,644) ¥ 363,840 ¥ 339,840 ¥ (24,000) |
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments Not Carried at Fair Value on a Recurring Basis on Consolidated Balance Sheets by Level | The following is a summary of carrying amounts and estimated fair values by level within the fair value hierarchy of financial instruments which are not carried at fair value on a recurring basis in the accompanying condensed consolidated balance sheets as of March 31, 2023 and September 30, 2023: At March 31, 2023 Carrying amount Estimated fair value Total Level 1 Level 2 Level 3 (in billions) Financial assets: Cash and due from banks ¥ 60,051 ¥ 60,051 ¥ 60,051 ¥ — ¥ — Interest-earning deposits in other banks 53,990 53,990 — 53,990 — Call loans and funds sold 1,802 1,802 — 1,802 — Receivables under resale agreements 14,059 14,059 — 14,059 — Receivables under securities borrowing transactions 4,556 4,556 — 4,556 — Investment securities 21,520 21,386 13,527 5,354 2,505 Loans, net of allowance for credit losses (1) 118,679 118,933 2 263 118,668 Other financial assets (2) 10,108 10,108 — 10,108 — Financial liabilities: Deposits Non-interest-bearing ¥ 37,804 ¥ 37,804 ¥ — ¥ 37,804 ¥ — Interest-bearing 197,500 197,573 — 197,573 — Total deposits 235,304 235,377 — 235,377 — Call money and funds purchased 3,438 3,438 — 3,438 — Payables under repurchase agreements 40,132 40,132 — 40,132 — Payables under securities lending transactions 1,138 1,138 — 1,138 — Due to trust account and other short-term borrowings 14,260 14,260 — 14,260 — Long-term debt 38,704 37,928 — 37,928 — Other financial liabilities 9,595 9,595 — 9,595 — At September 30, 2023 Carrying Estimated fair value Total Level 1 Level 2 Level 3 (in billions) Financial assets: Cash and due from banks ¥ 59,954 ¥ 59,954 ¥ 59,954 ¥ — ¥ — Interest-earning deposits in other banks 48,957 48,957 — 48,957 — Call loans and funds sold 2,970 2,970 — 2,970 — Receivables under resale agreements 16,370 16,370 — 16,370 — Receivables under securities borrowing transactions 5,085 5,085 — 5,085 — Investment securities 24,657 24,158 14,654 6,761 2,743 Loans, net of allowance for credit losses (1) 123,110 123,162 2 288 122,872 Other financial assets (2) 11,564 11,564 — 11,564 — Financial liabilities: Deposits Non-interest-bearing ¥ 38,084 ¥ 38,084 ¥ — ¥ 38,084 ¥ — Interest-bearing 205,757 205,841 — 205,841 — Total deposits 243,841 243,925 — 243,925 — Call money and funds purchased 3,854 3,854 — 3,854 — Payables under repurchase agreements 32,960 32,960 — 32,960 — Payables under securities lending transactions 1,017 1,017 — 1,017 — Due to trust account and other short-term borrowings 14,412 14,412 — 14,412 — Long-term debt 40,186 39,045 — 39,045 — Other financial liabilities 9,875 9,875 — 9,875 — Notes: (1) Includes loans held for sale and collateral dependent loans measured at fair value on a nonrecurring basis. Refer to “Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis” for the details of the level classification. (2) Excludes investments in equity method investees of ¥3,482 billion and ¥3,950 billion at March 31, 2023 and September 30, 2023, respectively. |
Investments in Equity Method _2
Investments in Equity Method Investees (Tables) | 6 Months Ended |
Sep. 30, 2023 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Summarized Operating Results of Morgan Stanley | Summarized operating results of Morgan Stanley, the largest portion of the MUFG Group’s equity method investees, for the six months ended September 30, 2022 and 2023 are as follows: 2022 2023 (in billions) Net revenues ¥ 3,499 ¥ 3,769 Total non-interest expenses 2,582 2,887 Income from continuing operations before income taxes 899 840 Net income applicable to Morgan Stanley 687 647 |
Business Developments - Narrati
Business Developments - Narrative (Details) - JPY (¥) ¥ in Millions | 1 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 01, 2023 | Dec. 01, 2022 | Aug. 31, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Mar. 31, 2022 | Mar. 31, 2023 | Aug. 30, 2023 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Loss on valuation adjustment for loans held for sale held by MUFG Union Bank | ¥ 0 | ¥ 209,107 | ||||||
Assets reclassified, excluding cash and cash equivalents | 0 | 1,794,976 | ||||||
Liabilities reclassified | 0 | 2,592,893 | ||||||
Goodwill | 378,323 | ¥ 341,022 | ¥ 303,611 | ¥ 296,772 | ||||
HC Consumer Finance Philippines | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Percentage of voting interests acquired | 100% | |||||||
Payment in cash | ¥ 61,605 | |||||||
Assets acquired | 130,640 | |||||||
Liabilities acquired | 95,448 | |||||||
Goodwill | ¥ 26,328 | |||||||
MUFG Union Bank | HC Consumer Finance Philippines | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Percentage of voting interests acquired | 25% | |||||||
Krungsri | HC Consumer Finance Philippines | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Percentage of voting interests acquired | 75% | |||||||
MUAH | MUFG Union Bank | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Contingent consideration period | 5 years | |||||||
Payments of dividends | ¥ 636,800 | |||||||
Shares of U.S. Bancorp common stock received | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Noncash divestiture, consideration received | ¥ 276,100 | |||||||
U.S. Bancorp | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
NCI ownership percentage | 3% | 4.39% | ||||||
U.S. Bancorp | MUFG Union Bank | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Number of shares acquired (in shares) | 24,000,000 | |||||||
Consideration transferred | ¥ 136,800 | |||||||
Disposal group, disposed of by sale, not discontinued operations | MUFG Union Bank | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Loss on valuation adjustment for loans held for sale held by MUFG Union Bank | ¥ 134,141 | ¥ 134,141 | ||||||
Income (loss) from discontinued operation before income tax | 346,781 | |||||||
Cash proceeds from divestiture of businesses | ¥ 754,000 | |||||||
Contingent consideration | ¥ 464,500 | |||||||
Contingent consideration period | 5 years | |||||||
Contingent consideration, discounted present value | ¥ 396,600 | |||||||
Pretax gain on sale | 557,954 | |||||||
Disposal Group, Including Discontinued Operation, Interest deposits in other banks | 2,251,300 | |||||||
Assets reclassified, excluding cash and cash equivalents | 13,935,600 | |||||||
Disposal Group, Including Discontinued Operation, Investment Securities | 3,123,300 | |||||||
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net | 7,567,700 | |||||||
Liabilities reclassified | 13,128,000 | |||||||
Disposal Group, Including Discontinued Operation, Deposits Payable | ¥ 11,789,900 | |||||||
Disposal group, disposed of by sale, not discontinued operations | MUFG Union Bank | U.S. Bancorp | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Noncash proceeds from diversiture of business, shares (in shares) | 44,374,155 |
Investment Securities (Amortize
Investment Securities (Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Investment Securities) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Amortized cost | ¥ 32,755,032 | ¥ 35,954,445 |
Available-for-sale debt securities, Gross unrealized gains | 30,618 | 48,994 |
Available-for-sale debt securities, Gross unrealized losses | 412,871 | 262,637 |
Available-for-sale debt securities | 32,372,779 | 35,740,802 |
Total | 24,657,026 | 21,520,081 |
Held-to-maturity debt securities, Gross unrealized gains | 10,214 | 49,238 |
Held-to-maturity debt securities, Gross unrealized losses | 509,153 | 183,163 |
Held-to-maturity debt securities, fair value | 24,158,087 | 21,386,156 |
Japanese national government and Japanese government agency bonds | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Amortized cost | 24,004,739 | 26,153,862 |
Available-for-sale debt securities, Gross unrealized gains | 6,628 | 16,510 |
Available-for-sale debt securities, Gross unrealized losses | 204,887 | 123,769 |
Available-for-sale debt securities | 23,806,480 | 26,046,603 |
Total | 15,278,373 | 13,860,457 |
Held-to-maturity debt securities, Gross unrealized gains | 9,192 | 32,927 |
Held-to-maturity debt securities, Gross unrealized losses | 125,726 | 19,789 |
Held-to-maturity debt securities, fair value | 15,161,839 | 13,873,595 |
Japanese prefectural and municipal bonds | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Amortized cost | 1,448,520 | 2,773,750 |
Available-for-sale debt securities, Gross unrealized gains | 529 | 2,063 |
Available-for-sale debt securities, Gross unrealized losses | 13,053 | 15,872 |
Available-for-sale debt securities | 1,435,996 | 2,759,941 |
Total | 1,742,822 | 1,144,825 |
Held-to-maturity debt securities, Gross unrealized gains | 69 | 2,473 |
Held-to-maturity debt securities, Gross unrealized losses | 25,501 | 7,808 |
Held-to-maturity debt securities, fair value | 1,717,390 | 1,139,490 |
Foreign government and official institution bonds | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Amortized cost | 3,321,914 | 3,029,042 |
Available-for-sale debt securities, Gross unrealized gains | 1,887 | 2,072 |
Available-for-sale debt securities, Gross unrealized losses | 176,360 | 108,372 |
Available-for-sale debt securities | 3,147,441 | 2,922,742 |
Corporate bonds | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Amortized cost | 993,368 | 1,051,347 |
Available-for-sale debt securities, Gross unrealized gains | 8,886 | 9,791 |
Available-for-sale debt securities, Gross unrealized losses | 5,093 | 2,977 |
Available-for-sale debt securities | 997,161 | 1,058,161 |
Total | 83,270 | 46,730 |
Held-to-maturity debt securities, Gross unrealized gains | 70 | 213 |
Held-to-maturity debt securities, Gross unrealized losses | 216 | 3 |
Held-to-maturity debt securities, fair value | 83,124 | 46,940 |
Residential mortgage-backed securities | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Amortized cost | 1,190,027 | 1,110,126 |
Available-for-sale debt securities, Gross unrealized gains | 630 | 569 |
Available-for-sale debt securities, Gross unrealized losses | 335 | 441 |
Available-for-sale debt securities | 1,190,322 | 1,110,254 |
Total | 4,785,680 | 3,913,346 |
Held-to-maturity debt securities, Gross unrealized gains | 0 | 13,606 |
Held-to-maturity debt securities, Gross unrealized losses | 333,444 | 105,754 |
Held-to-maturity debt securities, fair value | 4,452,236 | 3,821,198 |
Asset-backed securities | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Amortized cost | 1,327,319 | 1,418,563 |
Available-for-sale debt securities, Gross unrealized gains | 10,448 | 16,116 |
Available-for-sale debt securities, Gross unrealized losses | 4,196 | 4,364 |
Available-for-sale debt securities | 1,333,571 | 1,430,315 |
Total | 2,766,881 | 2,554,723 |
Held-to-maturity debt securities, Gross unrealized gains | 883 | 19 |
Held-to-maturity debt securities, Gross unrealized losses | 24,266 | 49,809 |
Held-to-maturity debt securities, fair value | 2,743,498 | 2,504,933 |
Other debt securities | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Amortized cost | 469,145 | 417,755 |
Available-for-sale debt securities, Gross unrealized gains | 1,610 | 1,873 |
Available-for-sale debt securities, Gross unrealized losses | 8,947 | 6,842 |
Available-for-sale debt securities | ¥ 461,808 | ¥ 412,786 |
Investment Securities (Amorti_2
Investment Securities (Amortized Cost and Fair Value by Contractual Maturity) (Detail) ¥ in Millions | Sep. 30, 2023 JPY (¥) |
Held-to-maturity debt securities, Amortized cost: | |
Due in one year or less | ¥ 2,855,090 |
Due from one year to five years | 9,204,124 |
Due from five years to ten years | 6,823,850 |
Due after ten years | 5,773,962 |
Total | 24,657,026 |
Held-to-maturity debt securities, Fair value: | |
Due in one year or less | 2,860,151 |
Due from one year to five years | 9,180,648 |
Due from five years to ten years | 6,685,577 |
Due after ten years | 5,431,711 |
Total | 24,158,087 |
Available-for-sale debt securities, Fair value: | |
Due in one year or less | 21,295,450 |
Due from one year to five years | 6,105,423 |
Due from five years to ten years | 1,700,974 |
Due after ten years | 3,270,932 |
Total | ¥ 32,372,779 |
Investment Securities (Narrativ
Investment Securities (Narrative) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Investment Securities [Line Items] | ||
Gross realized gains on sales of Available-for-sale debt securities | ¥ 79,165 | ¥ 82,340 |
Gross realized losses on sales of available-for-sale debt securities | 26,596 | 72,520 |
Investment securities gains (losses) —net | ¥ 743,395 | (493,309) |
Corporate bonds | ||
Investment Securities [Line Items] | ||
Investment securities gains (losses) —net | ¥ 299,478 |
Investment Securities (Investme
Investment Securities (Investments by Length and Category in Continuous Loss Position) (Detail) ¥ in Millions | Sep. 30, 2023 JPY (¥) Security | Mar. 31, 2023 JPY (¥) Security |
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Fair value, Less than 12 months | ¥ 17,430,936 | ¥ 10,322,922 |
Available-for-sale debt securities, Gross unrealized losses, Less than 12 months | 37,747 | 35,765 |
Available-for-sale debt securities, Fair value, 12 months or more | 5,693,622 | 5,113,458 |
Available-for-sale debt securities, Gross unrealized losses, 12 months or more | 375,124 | 226,872 |
Available-for-sale debt securities, Fair value, Total | 23,124,558 | 15,436,380 |
Available-for-sale debt securities, Gross unrealized losses, Total | ¥ 412,871 | ¥ 262,637 |
Available-for-sale debt securities, Number of securities | Security | 1,617 | 1,610 |
Japanese national government and Japanese government agency bonds | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Fair value, Less than 12 months | ¥ 15,513,132 | ¥ 7,644,337 |
Available-for-sale debt securities, Gross unrealized losses, Less than 12 months | 11,509 | 8,066 |
Available-for-sale debt securities, Fair value, 12 months or more | 2,281,507 | 2,105,210 |
Available-for-sale debt securities, Gross unrealized losses, 12 months or more | 193,378 | 115,703 |
Available-for-sale debt securities, Fair value, Total | 17,794,639 | 9,749,547 |
Available-for-sale debt securities, Gross unrealized losses, Total | ¥ 204,887 | ¥ 123,769 |
Available-for-sale debt securities, Number of securities | Security | 465 | 438 |
Japanese prefectural and municipal bonds | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Fair value, Less than 12 months | ¥ 632,087 | ¥ 962,234 |
Available-for-sale debt securities, Gross unrealized losses, Less than 12 months | 2,471 | 1,781 |
Available-for-sale debt securities, Fair value, 12 months or more | 547,689 | 711,896 |
Available-for-sale debt securities, Gross unrealized losses, 12 months or more | 10,582 | 14,091 |
Available-for-sale debt securities, Fair value, Total | 1,179,776 | 1,674,130 |
Available-for-sale debt securities, Gross unrealized losses, Total | ¥ 13,053 | ¥ 15,872 |
Available-for-sale debt securities, Number of securities | Security | 618 | 723 |
Foreign government and official institution bonds | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Fair value, Less than 12 months | ¥ 414,975 | ¥ 858,970 |
Available-for-sale debt securities, Gross unrealized losses, Less than 12 months | 16,286 | 18,677 |
Available-for-sale debt securities, Fair value, 12 months or more | 2,044,973 | 1,436,798 |
Available-for-sale debt securities, Gross unrealized losses, 12 months or more | 160,074 | 89,695 |
Available-for-sale debt securities, Fair value, Total | 2,459,948 | 2,295,768 |
Available-for-sale debt securities, Gross unrealized losses, Total | ¥ 176,360 | ¥ 108,372 |
Available-for-sale debt securities, Number of securities | Security | 112 | 118 |
Corporate bonds | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Fair value, Less than 12 months | ¥ 223,396 | ¥ 331,411 |
Available-for-sale debt securities, Gross unrealized losses, Less than 12 months | 1,646 | 1,800 |
Available-for-sale debt securities, Fair value, 12 months or more | 379,043 | 249,088 |
Available-for-sale debt securities, Gross unrealized losses, 12 months or more | 3,447 | 1,177 |
Available-for-sale debt securities, Fair value, Total | 602,439 | 580,499 |
Available-for-sale debt securities, Gross unrealized losses, Total | ¥ 5,093 | ¥ 2,977 |
Available-for-sale debt securities, Number of securities | Security | 298 | 256 |
Residential mortgage-backed securities | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Fair value, Less than 12 months | ¥ 50,483 | ¥ 166,778 |
Available-for-sale debt securities, Gross unrealized losses, Less than 12 months | 2 | 5 |
Available-for-sale debt securities, Fair value, 12 months or more | 310,171 | 522,774 |
Available-for-sale debt securities, Gross unrealized losses, 12 months or more | 333 | 436 |
Available-for-sale debt securities, Fair value, Total | 360,654 | 689,552 |
Available-for-sale debt securities, Gross unrealized losses, Total | ¥ 335 | ¥ 441 |
Available-for-sale debt securities, Number of securities | Security | 10 | 15 |
Asset-backed securities | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Fair value, Less than 12 months | ¥ 254,849 | ¥ 310,388 |
Available-for-sale debt securities, Gross unrealized losses, Less than 12 months | 3,647 | 4,170 |
Available-for-sale debt securities, Fair value, 12 months or more | 71,708 | 39,806 |
Available-for-sale debt securities, Gross unrealized losses, 12 months or more | 549 | 194 |
Available-for-sale debt securities, Fair value, Total | 326,557 | 350,194 |
Available-for-sale debt securities, Gross unrealized losses, Total | ¥ 4,196 | ¥ 4,364 |
Available-for-sale debt securities, Number of securities | Security | 26 | 32 |
Other debt securities | ||
Investment Securities [Line Items] | ||
Available-for-sale debt securities, Fair value, Less than 12 months | ¥ 342,014 | ¥ 48,804 |
Available-for-sale debt securities, Gross unrealized losses, Less than 12 months | 2,186 | 1,266 |
Available-for-sale debt securities, Fair value, 12 months or more | 58,531 | 47,886 |
Available-for-sale debt securities, Gross unrealized losses, 12 months or more | 6,761 | 5,576 |
Available-for-sale debt securities, Fair value, Total | 400,545 | 96,690 |
Available-for-sale debt securities, Gross unrealized losses, Total | ¥ 8,947 | ¥ 6,842 |
Available-for-sale debt securities, Number of securities | Security | 88 | 28 |
Investment Securities (Net Real
Investment Securities (Net Realized Gains (Losses) on Sales of Equity Securities and Net Unrealized Gains (Losses) on Equity Securities still held) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Investments, Debt and Equity Securities [Abstract] | ||
Net gains (losses) recognized during the period | ¥ 687,966 | ¥ (203,007) |
Net gains (losses) recognized during the period on equity securities sold during the period | 19,195 | (214) |
Net unrealized gains (losses) recognized during the reporting period still held at the reporting date | ¥ 668,771 | ¥ (202,793) |
Investment Securities (Carrying
Investment Securities (Carrying Value of Nonmarketable Equity Securities) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Nonmarketable equity securities | Measurement Alternative | ||
Investment Securities [Line Items] | ||
Measurement alternative balance | ¥ 471,832 | ¥ 381,928 |
Investment Securities (Related
Investment Securities (Related Adjustments for Nonmarketable Equity Securities) (Detail) - Nonmarketable equity securities - Measurement Alternative - JPY (¥) ¥ in Millions | 6 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Mar. 31, 2023 | |
Investment Securities [Line Items] | |||
Measurement alternative impairment losses | ¥ (8,187) | ¥ (5,155) | |
Measurement alternative downward changes for observable prices | (1,567) | (440) | |
Measurement alternative upward changes for observable prices | 783 | ¥ 5,090 | |
Cumulative impairment losses | 27,784 | ¥ 20,151 | |
Cumulative downward changes for observable prices | 2,961 | 1,393 | |
Cumulative upward changes for observable prices | ¥ 59,822 | ¥ 59,069 |
Loans and Allowance for Credi_3
Loans and Allowance for Credit Losses (Narrative) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Mar. 31, 2023 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Accounts receivable: Other | ¥ 1,944,234 | ¥ 1,794,983 | |
Accrued interest receivable | 629,985 | 500,506 | |
Credit to borrowers experiencing financial difficulty | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Other commitment | 19,982 | ||
Commercial | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Significant sales of loans | ¥ 1,206,000 | ¥ 1,295,000 | |
Commercial | Minimum | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans contractually past due before being placed on nonaccrual status, in month | 1 month | ||
Loans contractually past due before becoming defaulted loans, period | 1 month | ||
Commercial | Maximum | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Temporary extensions of maturity dates to nonaccrual loans, in day | 90 days | ||
Card | 1-3 months | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Accounts receivable: Other | ¥ 3,405 | 3,173 | |
Card | Greater Than 3 months | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Accounts receivable: Other | 4,034 | 3,676 | |
Card | Total Past Due | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Accounts receivable: Other | ¥ 7,439 | 6,849 | |
Card | Minimum | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans contractually past due before being placed on nonaccrual status, in month | 3 months | ||
Loans contractually past due before becoming defaulted loans, period | 1 month | ||
MUAH | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Assets including loans | ¥ 2,614,535 | ||
Significant sales of loans | ¥ 337,000 | ||
MUAH | Minimum | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans contractually past due before being placed on nonaccrual status, in month | 3 months | ||
Loans contractually past due before becoming defaulted loans, period | 60 days | ||
Krungsri | Minimum | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans contractually past due before being placed on nonaccrual status, in month | 3 months | ||
Loans contractually past due before becoming defaulted loans, period | 6 months | ||
Residential | Minimum | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans contractually past due before being placed on nonaccrual status, in month | 6 months | ||
Loans contractually past due before becoming defaulted loans, period | 6 months | ||
Residential | Maximum | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Temporary extensions of maturity dates to nonaccrual loans, in day | 90 days |
Loans and Allowance for Credi_4
Loans and Allowance for Credit Losses (Total Outstanding Loans and Past Due Analysis) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | ¥ 124,839,339 | ¥ 120,356,472 |
Loans Held for Sale | 1,054,999 | 967,082 |
Past Due 90 Days and Accruing | 20,089 | 18,152 |
Unearned income, unamortized premiums—net and deferred loan fees—net | (436,827) | (401,012) |
Total | 124,402,512 | 119,955,460 |
1-3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 300,174 | 265,966 |
Greater Than 3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 287,194 | 240,633 |
Total Past Due | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 587,368 | 506,599 |
Current | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 123,196,972 | 118,882,791 |
Residential | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 12,597,905 | 12,874,855 |
Loans Held for Sale | 0 | 0 |
Past Due 90 Days and Accruing | 4,396 | 3,342 |
Residential | 1-3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 34,298 | 32,514 |
Residential | Greater Than 3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 12,879 | 11,496 |
Residential | Total Past Due | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 47,177 | 44,010 |
Residential | Current | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 12,550,728 | 12,830,845 |
Card | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 478,382 | 472,842 |
Loans Held for Sale | 0 | 0 |
Past Due 90 Days and Accruing | 0 | 0 |
Card | 1-3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 15,815 | 14,992 |
Card | Greater Than 3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 27,762 | 26,587 |
Card | Total Past Due | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 43,577 | 41,579 |
Card | Current | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 434,805 | 431,263 |
Krungsri | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 8,747,708 | 7,782,635 |
Loans Held for Sale | 0 | 0 |
Past Due 90 Days and Accruing | 0 | 0 |
Krungsri | 1-3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 224,565 | 188,802 |
Krungsri | Greater Than 3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 167,420 | 136,627 |
Krungsri | Total Past Due | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 391,985 | 325,429 |
Krungsri | Current | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 8,355,723 | 7,457,206 |
Other | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 1,708,406 | 1,410,410 |
Loans Held for Sale | 0 | 0 |
Past Due 90 Days and Accruing | 0 | 0 |
Other | 1-3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 18,416 | 14,241 |
Other | Greater Than 3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 29,673 | 20,235 |
Other | Total Past Due | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 48,089 | 34,476 |
Other | Current | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 1,660,317 | 1,375,934 |
Domestic | Commercial | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 55,325,992 | 55,626,058 |
Loans Held for Sale | 57,876 | 87,659 |
Past Due 90 Days and Accruing | 2,510 | 2,652 |
Domestic | Commercial | 1-3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 5,741 | 6,599 |
Domestic | Commercial | Greater Than 3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 11,431 | 12,485 |
Domestic | Commercial | Total Past Due | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 17,172 | 19,084 |
Domestic | Commercial | Current | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 55,250,944 | 55,519,315 |
Foreign | Commercial | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 45,980,946 | 42,189,672 |
Loans Held for Sale | 997,123 | 879,423 |
Past Due 90 Days and Accruing | 13,183 | 12,158 |
Foreign | Commercial | 1-3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 1,339 | 8,818 |
Foreign | Commercial | Greater Than 3 months | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 38,029 | 33,203 |
Foreign | Commercial | Total Past Due | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | 39,368 | 42,021 |
Foreign | Commercial | Current | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total Loans | ¥ 44,944,455 | ¥ 41,268,228 |
Loans and Allowance for Credi_5
Loans and Allowance for Credit Losses (Nonaccrual Status of Loans by Class) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual loans | ¥ 943,398 | ¥ 1,005,133 |
Nonaccrual loans not requiring an allowance for credit losses | 161,402 | 172,152 |
Loans held for sale placed on nonaccrual status | 14,384 | 9,205 |
Commercial | Domestic | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual loans | 336,679 | 401,836 |
Nonaccrual loans not requiring an allowance for credit losses | 103,914 | 99,657 |
Commercial | Foreign | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual loans | 202,085 | 246,675 |
Nonaccrual loans not requiring an allowance for credit losses | 50,016 | 65,242 |
Residential | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual loans | 44,874 | 47,910 |
Nonaccrual loans not requiring an allowance for credit losses | 4,177 | 3,962 |
Card | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual loans | 70,093 | 67,159 |
Nonaccrual loans not requiring an allowance for credit losses | 0 | 0 |
Krungsri | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual loans | 255,876 | 211,705 |
Nonaccrual loans not requiring an allowance for credit losses | 3,286 | 3,286 |
Other | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual loans | 33,791 | 29,848 |
Nonaccrual loans not requiring an allowance for credit losses | ¥ 9 | ¥ 5 |
Loans and Allowance for Credi_6
Loans and Allowance for Credit Losses (Recognized Interest Income on Nonaccrual Loans) (Details) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recognized interest income | ¥ 12,217 | ¥ 18,052 |
Commercial | Domestic | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recognized interest income | 2,209 | 10,033 |
Commercial | Foreign | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recognized interest income | 3,534 | 2,247 |
Residential | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recognized interest income | 276 | 378 |
Card | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recognized interest income | 8 | 9 |
MUAH | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recognized interest income | 51 | |
Krungsri | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recognized interest income | 4,641 | 3,250 |
Other | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recognized interest income | ¥ 1,549 | ¥ 2,084 |
Loans and Allowance for Credi_7
Loans and Allowance for Credit Losses (Troubled Debt Restructurings by Class) (Detail) ¥ in Millions | 6 Months Ended |
Sep. 30, 2023 JPY (¥) | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructurings, Pre-modification outstanding recorded investment | ¥ 139,227 |
Troubled debt restructurings, Post-modification outstanding recorded investment | 138,753 |
Troubled debt restructurings that subsequently defaulted, Recorded Investment | 6,364 |
Commercial | Domestic | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructurings, Pre-modification outstanding recorded investment | 37,312 |
Troubled debt restructurings, Post-modification outstanding recorded investment | 37,312 |
Troubled debt restructurings that subsequently defaulted, Recorded Investment | 1,830 |
Commercial | Foreign | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructurings, Pre-modification outstanding recorded investment | 17,057 |
Troubled debt restructurings, Post-modification outstanding recorded investment | 17,057 |
Troubled debt restructurings that subsequently defaulted, Recorded Investment | 0 |
Residential | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructurings, Pre-modification outstanding recorded investment | 8,697 |
Troubled debt restructurings, Post-modification outstanding recorded investment | 8,697 |
Troubled debt restructurings that subsequently defaulted, Recorded Investment | 95 |
Card | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructurings, Pre-modification outstanding recorded investment | 11,408 |
Troubled debt restructurings, Post-modification outstanding recorded investment | 10,934 |
Troubled debt restructurings that subsequently defaulted, Recorded Investment | 1,410 |
MUAH | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructurings, Pre-modification outstanding recorded investment | 8,216 |
Troubled debt restructurings, Post-modification outstanding recorded investment | 8,216 |
Troubled debt restructurings that subsequently defaulted, Recorded Investment | 0 |
Krungsri | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructurings, Pre-modification outstanding recorded investment | 48,899 |
Troubled debt restructurings, Post-modification outstanding recorded investment | 48,899 |
Troubled debt restructurings that subsequently defaulted, Recorded Investment | 1,827 |
Other | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructurings, Pre-modification outstanding recorded investment | 7,638 |
Troubled debt restructurings, Post-modification outstanding recorded investment | 7,638 |
Troubled debt restructurings that subsequently defaulted, Recorded Investment | ¥ 1,202 |
Loans and Allowance for Credi_8
Loans and Allowance for Credit Losses (Loan Modifications) (Details) ¥ in Millions | 6 Months Ended |
Sep. 30, 2023 JPY (¥) | |
Commercial | Domestic | Interest rate reduction | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 2,909 |
Percentage of Total Class of Loans | 0.01% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Commercial | Domestic | Term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 146,968 |
Percentage of Total Class of Loans | 0.27% |
Loans Modified within 12 months of Subsequent Default | ¥ 2,676 |
Commercial | Domestic | Combination of interest rate reduction and term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 4,774 |
Percentage of Total Class of Loans | 0.01% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Commercial | Domestic | Combination of term extension and principal forgiveness | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Commercial | Domestic | All other modifications and combinations | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Commercial | Foreign | Interest rate reduction | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Commercial | Foreign | Term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 101,054 |
Percentage of Total Class of Loans | 0.22% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Commercial | Foreign | Combination of interest rate reduction and term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Commercial | Foreign | Combination of term extension and principal forgiveness | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Commercial | Foreign | All other modifications and combinations | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Residential | Foreign | Interest rate reduction | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Residential | Foreign | Term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 8,491 |
Percentage of Total Class of Loans | 0.07% |
Loans Modified within 12 months of Subsequent Default | ¥ 60 |
Residential | Foreign | Combination of interest rate reduction and term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Residential | Foreign | Combination of term extension and principal forgiveness | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Residential | Foreign | All other modifications and combinations | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Card | Foreign | Interest rate reduction | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Card | Foreign | Term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Card | Foreign | Combination of interest rate reduction and term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 12,480 |
Percentage of Total Class of Loans | 2.61% |
Loans Modified within 12 months of Subsequent Default | ¥ 1,472 |
Card | Foreign | Combination of term extension and principal forgiveness | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 121 |
Percentage of Total Class of Loans | 0.03% |
Loans Modified within 12 months of Subsequent Default | ¥ 1 |
Card | Foreign | All other modifications and combinations | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Krungsri | Foreign | Interest rate reduction | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 389 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 113 |
Krungsri | Foreign | Term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 193,354 |
Percentage of Total Class of Loans | 2.21% |
Loans Modified within 12 months of Subsequent Default | ¥ 1,854 |
Krungsri | Foreign | Combination of interest rate reduction and term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 2,134 |
Percentage of Total Class of Loans | 0.02% |
Loans Modified within 12 months of Subsequent Default | ¥ 122 |
Krungsri | Foreign | Combination of term extension and principal forgiveness | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 464 |
Percentage of Total Class of Loans | 0.01% |
Loans Modified within 12 months of Subsequent Default | ¥ 834 |
Krungsri | Foreign | All other modifications and combinations | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 884 |
Percentage of Total Class of Loans | 0.01% |
Loans Modified within 12 months of Subsequent Default | ¥ 142 |
Other | Foreign | Interest rate reduction | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 250 |
Percentage of Total Class of Loans | 0.01% |
Loans Modified within 12 months of Subsequent Default | ¥ 185 |
Other | Foreign | Term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 1,569 |
Percentage of Total Class of Loans | 0.09% |
Loans Modified within 12 months of Subsequent Default | ¥ 290 |
Other | Foreign | Combination of interest rate reduction and term extension | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 149 |
Percentage of Total Class of Loans | 0.01% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Other | Foreign | Combination of term extension and principal forgiveness | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Other | Foreign | All other modifications and combinations | |
Financing Receivable, Modifications [Line Items] | |
Amortized Cost Basis at the Period End | ¥ 0 |
Percentage of Total Class of Loans | 0% |
Loans Modified within 12 months of Subsequent Default | ¥ 0 |
Loans and Allowance for Credi_9
Loans and Allowance for Credit Losses (Financial Effect of Modifications) (Details) ¥ in Millions | 6 Months Ended |
Sep. 30, 2023 JPY (¥) | |
Commercial | Domestic | |
Financing Receivable, Modifications [Line Items] | |
Weighted average interest rate decrease from modification | 0.06% |
Weighted average term increase from modification | 9 months 18 days |
Commercial | Foreign | |
Financing Receivable, Modifications [Line Items] | |
Weighted average term increase from modification | 6 months |
Residential | |
Financing Receivable, Modifications [Line Items] | |
Weighted average term increase from modification | 1 year 3 months 18 days |
Card | |
Financing Receivable, Modifications [Line Items] | |
Weighted average interest rate decrease from modification | 15.24% |
Weighted average term increase from modification | 3 years |
Decrease in loan principal from modification | ¥ 404 |
Krungsri | |
Financing Receivable, Modifications [Line Items] | |
Weighted average interest rate decrease from modification | 1.24% |
Weighted average term increase from modification | 1 year 8 months 12 days |
Decrease in loan principal from modification | ¥ 484 |
Other | |
Financing Receivable, Modifications [Line Items] | |
Weighted average interest rate decrease from modification | 3.40% |
Weighted average term increase from modification | 3 years |
Loans and Allowance for Cred_10
Loans and Allowance for Credit Losses (Aging Analysis) (Details) ¥ in Millions | 6 Months Ended |
Sep. 30, 2023 JPY (¥) | |
Current | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | ¥ 711,205 |
1-3 months Past Due | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 16,841 |
Greater Than 3 months Past Due | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 13,628 |
Commercial | Current | Domestic | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 266,915 |
Commercial | Current | Foreign | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 108,618 |
Commercial | 1-3 months Past Due | Domestic | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 305 |
Commercial | 1-3 months Past Due | Foreign | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 0 |
Commercial | Greater Than 3 months Past Due | Domestic | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 470 |
Commercial | Greater Than 3 months Past Due | Foreign | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 0 |
Residential | Current | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 16,094 |
Residential | 1-3 months Past Due | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 948 |
Residential | Greater Than 3 months Past Due | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 214 |
Card | Current | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 16,816 |
Card | 1-3 months Past Due | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 4,270 |
Card | Greater Than 3 months Past Due | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 1,973 |
Krungsri | Current | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 298,694 |
Krungsri | 1-3 months Past Due | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 10,727 |
Krungsri | Greater Than 3 months Past Due | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 10,783 |
Other | Current | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 4,068 |
Other | 1-3 months Past Due | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | 591 |
Other | Greater Than 3 months Past Due | |
Financing Receivable, Modifications [Line Items] | |
Payment Status (Amortized Cost Basis at the Period End) | ¥ 188 |
Loans and Allowance for Cred_11
Loans and Allowance for Credit Losses (Credit Quality Indicators of Loans and Year of Origination by Class) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Total | ¥ 124,839,339 | ¥ 120,356,472 |
Commercial | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 24,683,463 | 32,957,651 |
Year 2 | 17,014,732 | 10,100,587 |
Year 3 | 8,183,201 | 8,626,319 |
Year 4 | 7,037,786 | 5,653,421 |
Year 5 | 4,794,778 | 4,385,807 |
Prior | 11,556,449 | 9,366,641 |
Revolving Loans Amortized Cost Basis | 26,933,190 | 25,743,172 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 48,340 | 15,050 |
Total | 100,251,939 | 96,848,648 |
Commercial | Domestic | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Total | 55,325,992 | 55,626,058 |
Commercial | Domestic | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 14,475,541 | 20,132,474 |
Year 2 | 8,962,771 | 6,099,692 |
Year 3 | 5,386,826 | 6,675,895 |
Year 4 | 5,862,545 | 4,002,329 |
Year 5 | 3,592,584 | 3,214,528 |
Prior | 9,224,351 | 7,406,590 |
Revolving Loans Amortized Cost Basis | 7,763,498 | 8,006,891 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 55,268,116 | 55,538,399 |
Commercial | Domestic | Normal | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 14,320,810 | 19,867,845 |
Year 2 | 8,821,506 | 5,957,659 |
Year 3 | 5,254,183 | 6,472,135 |
Year 4 | 5,694,307 | 3,823,755 |
Year 5 | 3,446,184 | 3,126,146 |
Prior | 8,559,902 | 6,722,981 |
Revolving Loans Amortized Cost Basis | 7,518,069 | 7,722,379 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 53,614,961 | 53,692,900 |
Commercial | Domestic | Close Watch | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 146,705 | 222,202 |
Year 2 | 126,472 | 124,499 |
Year 3 | 122,444 | 172,270 |
Year 4 | 140,338 | 114,534 |
Year 5 | 80,540 | 74,635 |
Prior | 551,639 | 567,514 |
Revolving Loans Amortized Cost Basis | 224,428 | 262,686 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,392,566 | 1,538,340 |
Commercial | Domestic | Likely to become Bankrupt or Legally/Virtually Bankrupt | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 8,026 | 42,427 |
Year 2 | 14,793 | 17,534 |
Year 3 | 10,199 | 31,490 |
Year 4 | 27,900 | 64,040 |
Year 5 | 65,860 | 13,747 |
Prior | 112,810 | 116,095 |
Revolving Loans Amortized Cost Basis | 21,001 | 21,826 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 260,589 | 307,159 |
Commercial | Domestic | Gross charge-offs | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 1,896 | |
Year 2 | 22,519 | |
Year 3 | 1,213 | |
Year 4 | 918 | |
Year 5 | 583 | |
Prior | 460 | |
Revolving Loans Amortized Cost Basis | 865 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 28,454 | |
Commercial | Foreign | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Total | 45,980,946 | 42,189,672 |
Commercial | Foreign | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 10,207,922 | 12,825,177 |
Year 2 | 8,051,961 | 4,000,895 |
Year 3 | 2,796,375 | 1,950,424 |
Year 4 | 1,175,241 | 1,651,092 |
Year 5 | 1,202,194 | 1,171,279 |
Prior | 2,332,098 | 1,960,051 |
Revolving Loans Amortized Cost Basis | 19,169,692 | 17,736,281 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 48,340 | 15,050 |
Total | 44,983,823 | 41,310,249 |
Commercial | Foreign | Normal | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 9,976,734 | 12,508,547 |
Year 2 | 7,886,252 | 3,931,278 |
Year 3 | 2,769,053 | 1,857,934 |
Year 4 | 1,131,884 | 1,577,120 |
Year 5 | 1,070,727 | 1,083,934 |
Prior | 2,144,663 | 1,824,977 |
Revolving Loans Amortized Cost Basis | 18,851,641 | 17,540,822 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 48,340 | 15,050 |
Total | 43,879,294 | 40,339,662 |
Commercial | Foreign | Close Watch | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 179,305 | 262,388 |
Year 2 | 145,486 | 34,656 |
Year 3 | 27,233 | 60,637 |
Year 4 | 25,793 | 50,210 |
Year 5 | 113,147 | 71,966 |
Prior | 122,666 | 79,450 |
Revolving Loans Amortized Cost Basis | 303,862 | 174,436 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 917,492 | 733,743 |
Commercial | Foreign | Likely to become Bankrupt or Legally/Virtually Bankrupt | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 51,883 | 54,242 |
Year 2 | 20,223 | 34,961 |
Year 3 | 89 | 31,853 |
Year 4 | 17,564 | 23,762 |
Year 5 | 18,320 | 15,379 |
Prior | 64,769 | 55,624 |
Revolving Loans Amortized Cost Basis | 14,189 | 21,023 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 187,037 | 236,844 |
Commercial | Foreign | Gross charge-offs | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 176 | |
Year 2 | 330 | |
Year 3 | 959 | |
Year 4 | 401 | |
Year 5 | 149 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 6,474 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 8,489 | |
Residential | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Total | 12,597,905 | 12,874,855 |
Residential | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 244,078 | 688,000 |
Year 2 | 673,841 | 747,161 |
Year 3 | 731,671 | 607,237 |
Year 4 | 591,262 | 919,359 |
Year 5 | 892,586 | 811,469 |
Prior | 9,442,305 | 9,077,669 |
Revolving Loans Amortized Cost Basis | 22,162 | 23,960 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 12,597,905 | 12,874,855 |
Residential | Gross charge-offs | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 0 | |
Year 2 | 0 | |
Year 3 | 0 | |
Year 4 | 6 | |
Year 5 | 18 | |
Prior | 435 | |
Revolving Loans Amortized Cost Basis | 0 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 459 | |
Residential | Accrual | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 244,072 | 687,800 |
Year 2 | 673,649 | 747,121 |
Year 3 | 731,530 | 607,047 |
Year 4 | 591,025 | 918,781 |
Year 5 | 891,988 | 810,933 |
Prior | 9,401,590 | 9,034,589 |
Revolving Loans Amortized Cost Basis | 20,257 | 22,093 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 12,554,111 | 12,828,364 |
Residential | Nonaccrual | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 6 | 200 |
Year 2 | 192 | 40 |
Year 3 | 141 | 190 |
Year 4 | 237 | 578 |
Year 5 | 598 | 536 |
Prior | 40,715 | 43,080 |
Revolving Loans Amortized Cost Basis | 1,905 | 1,867 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 43,794 | 46,491 |
Card | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Total | 478,382 | 472,842 |
Card | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 0 | 12 |
Year 2 | 82 | 147 |
Year 3 | 194 | 240 |
Year 4 | 266 | 239 |
Year 5 | 237 | 181 |
Prior | 709 | 587 |
Revolving Loans Amortized Cost Basis | 406,199 | 403,687 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 70,695 | 67,749 |
Total | 478,382 | 472,842 |
Card | Gross charge-offs | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 6 | |
Year 2 | 17 | |
Year 3 | 62 | |
Year 4 | 51 | |
Year 5 | 49 | |
Prior | 82 | |
Revolving Loans Amortized Cost Basis | 4,047 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 5,844 | |
Total | 10,158 | |
Card | Accrual | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 0 | 1 |
Year 2 | 4 | 7 |
Year 3 | 6 | 10 |
Year 4 | 8 | 8 |
Year 5 | 7 | 9 |
Prior | 40 | 37 |
Revolving Loans Amortized Cost Basis | 393,455 | 391,237 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 14,769 | 14,374 |
Total | 408,289 | 405,683 |
Card | Nonaccrual | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 0 | 11 |
Year 2 | 78 | 140 |
Year 3 | 188 | 230 |
Year 4 | 258 | 231 |
Year 5 | 230 | 172 |
Prior | 669 | 550 |
Revolving Loans Amortized Cost Basis | 12,744 | 12,450 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 55,926 | 53,375 |
Total | 70,093 | 67,159 |
Krungsri | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Total | 8,747,708 | 7,782,635 |
Krungsri | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 1,193,301 | 1,824,628 |
Year 2 | 1,728,989 | 1,046,959 |
Year 3 | 925,488 | 654,933 |
Year 4 | 560,513 | 692,616 |
Year 5 | 574,963 | 515,731 |
Prior | 964,264 | 605,053 |
Revolving Loans Amortized Cost Basis | 2,784,735 | 2,427,923 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 15,455 | 14,792 |
Total | 8,747,708 | 7,782,635 |
Krungsri | Gross charge-offs | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 358 | |
Year 2 | 11,594 | |
Year 3 | 11,552 | |
Year 4 | 6,355 | |
Year 5 | 6,036 | |
Prior | 9,473 | |
Revolving Loans Amortized Cost Basis | 14,649 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 60,017 | |
Krungsri | Performing | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 1,130,458 | 1,689,034 |
Year 2 | 1,534,215 | 956,470 |
Year 3 | 822,929 | 570,865 |
Year 4 | 478,441 | 553,616 |
Year 5 | 451,429 | 406,258 |
Prior | 726,205 | 459,322 |
Revolving Loans Amortized Cost Basis | 2,616,328 | 2,292,418 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,760,005 | 6,927,983 |
Krungsri | Under-Performing | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 52,188 | 108,770 |
Year 2 | 135,884 | 66,555 |
Year 3 | 72,846 | 67,504 |
Year 4 | 65,469 | 111,435 |
Year 5 | 96,467 | 85,928 |
Prior | 172,772 | 98,103 |
Revolving Loans Amortized Cost Basis | 136,201 | 104,652 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 731,827 | 642,947 |
Krungsri | Non-Performing | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 10,655 | 26,824 |
Year 2 | 58,890 | 23,934 |
Year 3 | 29,713 | 16,564 |
Year 4 | 16,603 | 27,565 |
Year 5 | 27,067 | 23,545 |
Prior | 65,287 | 47,628 |
Revolving Loans Amortized Cost Basis | 32,206 | 30,853 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 15,455 | 14,792 |
Total | 255,876 | 211,705 |
Other | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Total | 1,708,406 | 1,410,410 |
Other | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 461,916 | 551,560 |
Year 2 | 381,708 | 190,786 |
Year 3 | 158,192 | 108,148 |
Year 4 | 82,994 | 48,867 |
Year 5 | 40,010 | 19,875 |
Prior | 117,397 | 80,252 |
Revolving Loans Amortized Cost Basis | 466,189 | 410,922 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,708,406 | 1,410,410 |
Other | Gross charge-offs | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 228 | |
Year 2 | 5,976 | |
Year 3 | 3,602 | |
Year 4 | 1,082 | |
Year 5 | 557 | |
Prior | 1,571 | |
Revolving Loans Amortized Cost Basis | 2,913 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 15,929 | |
Other | Accrual | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 461,455 | 549,274 |
Year 2 | 375,823 | 187,638 |
Year 3 | 155,147 | 106,522 |
Year 4 | 81,668 | 47,235 |
Year 5 | 38,720 | 17,832 |
Prior | 110,971 | 75,726 |
Revolving Loans Amortized Cost Basis | 450,831 | 396,334 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,674,615 | 1,380,561 |
Other | Nonaccrual | Excluding loans held for sale and covered loans | ||
Financing Receivables Credit Quality Indicator By Year Of Origination [Line Items] | ||
Year 1 | 461 | 2,286 |
Year 2 | 5,885 | 3,148 |
Year 3 | 3,045 | 1,626 |
Year 4 | 1,326 | 1,632 |
Year 5 | 1,290 | 2,043 |
Prior | 6,426 | 4,526 |
Revolving Loans Amortized Cost Basis | 15,358 | 14,588 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | ¥ 33,791 | ¥ 29,849 |
Loans and Allowance for Cred_12
Loans and Allowance for Credit Losses (Changes in Allowance for Credit Losses by Portfolio Segment) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||
Balance at beginning of period | ¥ 1,272,898 | ¥ 1,470,701 |
Provision for (reversal of) credit losses | 61,772 | (97,785) |
Charge-offs | 123,506 | 211,367 |
Recoveries collected | 32,565 | 29,825 |
Net charge-offs | 90,941 | 181,542 |
Other | 51,028 | 65,863 |
Balance at end of period | 1,294,757 | 1,257,237 |
ASU 2022-02 | ||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||
Other | 18,869 | |
Commercial | ||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||
Balance at beginning of period | 719,589 | 934,086 |
Provision for (reversal of) credit losses | (17,974) | (164,085) |
Charge-offs | 36,943 | 130,524 |
Recoveries collected | 9,720 | 6,096 |
Net charge-offs | 27,223 | 124,428 |
Other | 1,580 | 12,307 |
Balance at end of period | 675,972 | 657,880 |
Residential | ||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||
Balance at beginning of period | 59,747 | 69,887 |
Provision for (reversal of) credit losses | 433 | (5,867) |
Charge-offs | 459 | 110 |
Recoveries collected | 2 | 11 |
Net charge-offs | 457 | 99 |
Other | 0 | 0 |
Balance at end of period | 59,723 | 63,921 |
Card | ||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||
Balance at beginning of period | 42,469 | 40,768 |
Provision for (reversal of) credit losses | 10,255 | 10,326 |
Charge-offs | 10,158 | 8,867 |
Recoveries collected | 393 | 431 |
Net charge-offs | 9,765 | 8,436 |
Other | (7,666) | 0 |
Balance at end of period | 35,293 | 42,658 |
MUAH | ||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||
Balance at beginning of period | 3,428 | 30,365 |
Provision for (reversal of) credit losses | 4,792 | |
Charge-offs | 10,083 | |
Recoveries collected | 2,270 | |
Net charge-offs | 7,813 | |
Other | 3,191 | |
Balance at end of period | 1,151 | 30,535 |
Krungsri | ||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||
Balance at beginning of period | 358,031 | 322,386 |
Provision for (reversal of) credit losses | 47,303 | 39,380 |
Charge-offs | 60,017 | 38,792 |
Recoveries collected | 13,959 | 12,028 |
Net charge-offs | 46,058 | 26,764 |
Other | 45,955 | 40,167 |
Balance at end of period | 405,231 | 375,169 |
Other | ||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||
Balance at beginning of period | 93,062 | 73,209 |
Provision for (reversal of) credit losses | 21,755 | 17,669 |
Charge-offs | 15,929 | 22,991 |
Recoveries collected | 8,491 | 8,989 |
Net charge-offs | 7,438 | 14,002 |
Other | 11,159 | 10,198 |
Balance at end of period | ¥ 118,538 | ¥ 87,074 |
Goodwill and Other Intangible_3
Goodwill and Other Intangible Assets (Movement in Carrying Amount of Goodwill) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | |
Goodwill [Roll Forward] | ||||
Goodwill, at beginning of period | ¥ 889,524 | ¥ 1,118,889 | ||
Accumulated impairment losses, at beginning of period | (592,752) | (723,492) | ||
Goodwill, Net at beginning of period | 296,772 | 303,611 | ||
Foreign currency translation adjustments and other | 22,424 | 54,093 | ||
Goodwill, at end of period | 971,075 | 1,172,982 | ¥ 1,118,889 | |
Accumulated impairment losses, at end of period | (592,752) | (723,492) | (723,492) | |
Goodwill, Net at end of period | 378,323 | 341,022 | 303,611 | |
Goodwill, fully impaired before April 1, 2022 | 1,900,019 | |||
Disposal group, disposed of by sale, not discontinued operations | MUFG Union Bank | ||||
Goodwill [Roll Forward] | ||||
Goodwill acquired during the six months | 59,127 | ¥ 0 | ||
Less: Goodwill, net of accumulated impairment losses in transferred business of MUFG Union Bank | ¥ 0 | ¥ (108,468) | ¥ 0 | ¥ (91,786) |
Goodwill and Other Intangible_4
Goodwill and Other Intangible Assets (Carrying Amount of Other Intangible Assets by Major Class) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Intangible assets subject to amortization: | ||
Finite-lived intangible assets | ¥ 1,233,021 | ¥ 1,166,265 |
Intangible assets not subject to amortization: | ||
Other | 7,873 | 7,958 |
Total | 1,240,894 | 1,174,223 |
Software | ||
Intangible assets subject to amortization: | ||
Finite-lived intangible assets | 887,780 | 833,297 |
Customer relationships | ||
Intangible assets subject to amortization: | ||
Finite-lived intangible assets | 241,517 | 232,911 |
Core deposit intangibles | ||
Intangible assets subject to amortization: | ||
Finite-lived intangible assets | 50,862 | 50,176 |
Trade names | ||
Intangible assets subject to amortization: | ||
Finite-lived intangible assets | 39,647 | 38,771 |
Other | ||
Intangible assets subject to amortization: | ||
Finite-lived intangible assets | ¥ 13,215 | ¥ 11,110 |
Lease Transactions (Detail)
Lease Transactions (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Sales type and direct financing leases: | ||
Finance income on net investment | ¥ 68,780 | ¥ 61,812 |
Operating leases: | ||
Lease income | 3,937 | 1,799 |
Total | ¥ 72,717 | ¥ 63,611 |
Pledged Assets and Collateral_2
Pledged Assets and Collateral (Assets Mortgaged, Pledged, or Otherwise Subject to Lien) (Detail) ¥ in Millions | Sep. 30, 2023 JPY (¥) |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |
Pledged assets | ¥ 43,471,874 |
Trading account securities | |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |
Pledged assets | 7,820,667 |
Investment securities | |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |
Pledged assets | 23,430,643 |
Loans | |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |
Pledged assets | 12,197,635 |
Other | |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |
Pledged assets | ¥ 22,929 |
Pledged Assets and Collateral_3
Pledged Assets and Collateral (Pledged Assets Classified by Type of Liabilities) (Detail) ¥ in Millions | Sep. 30, 2023 JPY (¥) |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |
Pledged assets | ¥ 43,471,874 |
Deposits | |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |
Pledged assets | 14,911 |
Payables under repurchase agreements and securities lending transactions | |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |
Pledged assets | 20,906,911 |
Other short-term borrowings and long-term debt | |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |
Pledged assets | 22,473,103 |
Other | |
Financial Instruments Owned and Pledged as Collateral [Line Items] | |
Pledged assets | ¥ 76,949 |
Pledged Assets and Collateral_4
Pledged Assets and Collateral (Narrative) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Financial Instruments Pledged as Collateral [Abstract] | ||
Investment securities pledged for acting as a collection agent of public funds | ¥ 21,191,472 | |
Cash collateral pledged for derivative transactions included in Other assets | 3,569,638 | ¥ 2,585,837 |
Cash collateral received for derivative transactions included in Other liabilities | ¥ 1,561,905 | ¥ 1,318,338 |
Severance Indemnities and Pen_3
Severance Indemnities and Pension Plans (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Foreign offices and subsidiaries | Pension Benefits | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost—benefits earned during the period | ¥ 6,141 | ¥ 8,281 |
Interest cost on projected benefit obligation | 4,345 | 7,667 |
Expected return on plan assets | (5,574) | (18,381) |
Amortization of net actuarial loss (gain) | 837 | 3,896 |
Amortization of prior service cost | (435) | (1,607) |
Loss (gain) on settlements and curtailment | 974 | 0 |
Net periodic benefit cost (income) | 6,288 | (144) |
Foreign offices and subsidiaries | Other Benefits | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost—benefits earned during the period | 30 | 56 |
Interest cost on projected benefit obligation | 594 | 340 |
Expected return on plan assets | (732) | (1,338) |
Amortization of net actuarial loss (gain) | 584 | (77) |
Amortization of prior service cost | (208) | (212) |
Loss (gain) on settlements and curtailment | 0 | 0 |
Net periodic benefit cost (income) | 268 | (1,231) |
Domestic subsidiaries | Pension Benefits and SIPs | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost—benefits earned during the period | 17,788 | 20,580 |
Interest cost on projected benefit obligation | 10,288 | 7,131 |
Expected return on plan assets | (41,218) | (42,328) |
Amortization of net actuarial loss (gain) | 925 | 346 |
Amortization of prior service cost | (973) | (650) |
Loss (gain) on settlements and curtailment | (6,393) | (2,121) |
Net periodic benefit cost (income) | ¥ (19,583) | ¥ (17,042) |
Offsetting of Derivatives, Re_3
Offsetting of Derivatives, Repurchase Agreements, and Securities Lending Transactions (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Offsetting Derivative Assets [Abstract] | ||
Derivative assets, Net amounts presented in the condensed consolidated balance sheet | ¥ 18,554,000 | ¥ 12,911,000 |
Offsetting Securities Borrowed [Abstract] | ||
Receivables under securities borrowing transactions, Net amounts presented in the condensed consolidated balance sheet | 5,085,189 | 4,555,748 |
Offsetting Derivative Liabilities [Abstract] | ||
Derivative liabilities, Net amounts presented in the condensed consolidated balance sheet | 20,105,000 | 13,833,000 |
Offsetting Securities Sold under Agreements to Repurchase [Abstract] | ||
Payables under repurchase agreements, Gross amounts of recognized assets/liabilities | 35,529,000 | 42,172,000 |
Offsetting Securities Loaned [Abstract] | ||
Payables under securities lending transactions, Gross amounts of recognized assets/liabilities | 1,098,000 | 1,212,000 |
Payables under securities lending transactions, Net amounts presented in the condensed consolidated balance sheet | 1,016,655 | 1,137,693 |
Offsetting Obligations To Return Securities Received As Collateral [Abstract] | ||
Obligations to return securities received as collateral, Gross amounts of recognized assets/liabilities | 6,895,000 | 6,892,000 |
Financial Instruments including those of transferred business of MUFG Union Bank | ||
Offsetting Derivative Assets [Abstract] | ||
Derivative assets, Gross amounts of recognized assets/liabilities | 18,554,000 | 12,911,000 |
Derivative assets, Gross amounts offset in the condensed consolidated balance sheet | 0 | 0 |
Derivative assets, Net amounts presented in the condensed consolidated balance sheet | 18,554,000 | 12,911,000 |
Derivative assets, Gross amounts not offset in the condensed consolidated balance sheet, Financial instruments | (14,849,000) | (9,902,000) |
Derivative assets, Gross amounts not offset in the condensed consolidated balance sheet, Cash collateral received/pledged | (1,100,000) | (690,000) |
Derivative assets, Net amounts | 2,605,000 | 2,319,000 |
Offsetting Securities Purchased under Agreements to Resell [Abstract] | ||
Receivables under resale agreements, Gross amounts of recognized assets/liabilities | 19,029,000 | 16,152,000 |
Receivables under resale agreements, Gross amounts offset in the condensed consolidated balance sheet | (2,659,000) | (2,093,000) |
Receivables under resale agreements, Net amounts presented in the condensed consolidated balance sheet | 16,370,000 | 14,059,000 |
Receivables under resale agreements, Gross amounts not offset in the condensed consolidated balance sheet, Financial instruments | (15,670,000) | (13,391,000) |
Receivables under resale agreements, Gross amounts not offset in the condensed consolidated balance sheet, Cash collateral received/pledged | (9,000) | (32,000) |
Receivables under resale agreements, Net amounts | 691,000 | 636,000 |
Offsetting Securities Borrowed [Abstract] | ||
Receivables under securities borrowing transactions, Gross amounts of recognized assets/liabilities | 5,166,000 | 4,630,000 |
Receivables under securities borrowing transactions, Gross amounts offset in the condensed consolidated balance sheet | (81,000) | (74,000) |
Receivables under securities borrowing transactions, Net amounts presented in the condensed consolidated balance sheet | 5,085,000 | 4,556,000 |
Receivables under securities borrowing transactions, Gross amounts not offset in the condensed consolidated balance sheet, Financial instruments | (4,811,000) | (4,478,000) |
Receivables under securities borrowing transactions, Gross amounts not offset in the condensed consolidated balance sheet, Cash collateral received/pledged | 0 | 0 |
Receivables under securities borrowing transactions, Net amounts | 274,000 | 78,000 |
Offsetting Derivative Asset, Securities Purchased under Agreements to Resell, Securities Borrowed [Abstract] | ||
Financial assets, Gross amounts of recognized assets/liabilities, Total | 42,749,000 | 33,693,000 |
Financial assets, Gross amounts offset in the condensed consolidated balance sheet, Total | (2,740,000) | (2,167,000) |
Financial assets, Net amounts presented in the condensed consolidated balance sheet, Total | 40,009,000 | 31,526,000 |
Financial assets, Gross amounts not offset in the condensed consolidated balance sheet, Financial instruments, Total | (35,330,000) | (27,771,000) |
Financial assets, Gross amounts not offset in the condensed consolidated balance sheet, Cash collateral received/pledged, Total | (1,109,000) | (722,000) |
Financial assets, Net amounts, Total | 3,570,000 | 3,033,000 |
Offsetting Derivative Liabilities [Abstract] | ||
Derivative liabilities, Gross amounts of recognized assets/liabilities | 20,105,000 | 13,833,000 |
Derivative liabilities, Gross amounts offset in the condensed consolidated balance sheet | 0 | 0 |
Derivative liabilities, Net amounts presented in the condensed consolidated balance sheet | 20,105,000 | 13,833,000 |
Derivative liabilities, Gross amounts not offset in the condensed consolidated balance sheet, Financial instruments | (14,364,000) | (9,668,000) |
Derivative liabilities, Gross amounts not offset in the condensed consolidated balance sheet, Cash collateral received/pledged | (2,404,000) | (1,489,000) |
Derivative liabilities, Net amounts | 3,337,000 | 2,676,000 |
Offsetting Securities Sold under Agreements to Repurchase [Abstract] | ||
Payables under repurchase agreements, Gross amounts of recognized assets/liabilities | 35,529,000 | 42,172,000 |
Payables under repurchase agreements, Gross amounts offset in the condensed consolidated balance sheet | (2,569,000) | (2,040,000) |
Payables under repurchase agreements, Net amounts presented in the condensed consolidated balance sheet | 32,960,000 | 40,132,000 |
Payables under repurchase agreements, Gross amounts not offset in the condensed consolidated balance sheet, Financial instruments | (31,587,000) | (39,232,000) |
Payables under repurchase agreements, Gross amounts not offset in the condensed consolidated balance sheet, Cash collateral received/pledged | (124,000) | (76,000) |
Payables under repurchase agreements, Net amounts | 1,249,000 | 824,000 |
Offsetting Securities Loaned [Abstract] | ||
Payables under securities lending transactions, Gross amounts of recognized assets/liabilities | 1,098,000 | 1,212,000 |
Payables under securities lending transactions, Gross amounts offset in the condensed consolidated balance sheet | (81,000) | (74,000) |
Payables under securities lending transactions, Net amounts presented in the condensed consolidated balance sheet | 1,017,000 | 1,138,000 |
Payables under securities lending transactions, Gross amounts not offset in the condensed consolidated balance sheet, Financial instruments | (986,000) | (1,108,000) |
Payables under securities lending transactions, Gross amounts not offset in the condensed consolidated balance sheet, Cash collateral received/pledged | (11,000) | (18,000) |
Payables under securities lending transactions, Net amounts | 20,000 | 12,000 |
Offsetting Obligations To Return Securities Received As Collateral [Abstract] | ||
Obligations to return securities received as collateral, Gross amounts of recognized assets/liabilities | 6,895,000 | 6,892,000 |
Obligations to return securities received as collateral, Gross amounts offset in the condensed consolidated balance sheet | 0 | 0 |
Obligations to return securities received as collateral, Net amounts presented in the condensed consolidated balance sheet | 6,895,000 | 6,892,000 |
Obligations to return securities received as collateral, Gross amounts not offset in the condensed consolidated balance sheet, Financial instruments | (1,437,000) | (1,975,000) |
Obligations to return securities received as collateral, Gross amounts not offset in the condensed consolidated balance sheet, Cash collateral received/pledged | 0 | 0 |
Obligations to return securities received as collateral, Net amounts | 5,458,000 | 4,917,000 |
Offsetting Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned [Abstract] | ||
Financial liabilities, Gross amounts of recognized assets/liabilities, Total | 63,627,000 | 64,109,000 |
Financial liabilities, Gross amounts offset in the condensed consolidated balance sheet, Total | (2,650,000) | (2,114,000) |
Financial liabilities, Net amounts presented in the condensed consolidated balance sheet, Total | 60,977,000 | 61,995,000 |
Financial liabilities, Gross amounts not offset in the condensed consolidated balance sheet, Financial instruments, Total | (48,374,000) | (51,983,000) |
Financial liabilities, Gross amounts not offset in the condensed consolidated balance sheet, Cash collateral received/pledged, Total | (2,539,000) | (1,583,000) |
Financial liabilities, Net amounts, Total | ¥ 10,064,000 | ¥ 8,429,000 |
Repurchase Agreements and Sec_3
Repurchase Agreements and Securities Lending Transactions Accounted for as Secured Borrowings (Gross Obligations by Remaining Contractual Maturity and Class of Collateral Pledged) (Detail) - JPY (¥) ¥ in Billions | Sep. 30, 2023 | Mar. 31, 2023 |
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | ¥ 35,529 | ¥ 42,172 |
Payables under securities lending transactions | 1,098 | 1,212 |
Obligations to return securities received as collateral | 6,895 | 6,892 |
Total | 43,522 | 50,276 |
Overnight and open | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 11,525 | 8,593 |
Payables under securities lending transactions | 1,015 | 947 |
Obligations to return securities received as collateral | 6,233 | 5,516 |
Total | 18,773 | 15,056 |
30 days or less | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 12,729 | 23,546 |
Payables under securities lending transactions | 0 | 191 |
Obligations to return securities received as collateral | 256 | 642 |
Total | 12,985 | 24,379 |
31-90 days | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 7,680 | 8,393 |
Payables under securities lending transactions | 6 | 5 |
Obligations to return securities received as collateral | 127 | 404 |
Total | 7,813 | 8,802 |
Over 90 days | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 3,595 | 1,640 |
Payables under securities lending transactions | 77 | 69 |
Obligations to return securities received as collateral | 279 | 330 |
Total | ¥ 3,951 | ¥ 2,039 |
Repurchase Agreements and Sec_4
Repurchase Agreements and Securities Lending Transactions Accounted for as Secured Borrowings (Secured Borrowing by the Class of Collateral Pledged) (Detail) - JPY (¥) ¥ in Billions | Sep. 30, 2023 | Mar. 31, 2023 |
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | ¥ 35,529 | ¥ 42,172 |
Payables under securities lending transactions | 1,098 | 1,212 |
Obligations to return securities received as collateral | 6,895 | 6,892 |
Total | 43,522 | 50,276 |
Japanese national government and Japanese government agency bonds | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 12,686 | 13,280 |
Payables under securities lending transactions | 254 | 577 |
Obligations to return securities received as collateral | 4,013 | 3,956 |
Total | 16,953 | 17,813 |
Foreign government and official institution bonds | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 13,357 | 17,618 |
Payables under securities lending transactions | 7 | 9 |
Obligations to return securities received as collateral | 965 | 1,122 |
Total | 14,329 | 18,749 |
Corporate bonds | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 908 | 657 |
Payables under securities lending transactions | 77 | 70 |
Obligations to return securities received as collateral | 354 | 400 |
Total | 1,339 | 1,127 |
Residential mortgage-backed securities | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 7,563 | 9,650 |
Payables under securities lending transactions | 0 | 0 |
Obligations to return securities received as collateral | 0 | 0 |
Total | 7,563 | 9,650 |
Other debt securities | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 454 | 552 |
Payables under securities lending transactions | 0 | 0 |
Obligations to return securities received as collateral | 43 | 46 |
Total | 497 | 598 |
Marketable equity securities | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 534 | 367 |
Payables under securities lending transactions | 735 | 556 |
Obligations to return securities received as collateral | 1,520 | 1,368 |
Total | 2,789 | 2,291 |
Other | ||
Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings [Line Items] | ||
Payables under repurchase agreements | 27 | 48 |
Payables under securities lending transactions | 25 | 0 |
Obligations to return securities received as collateral | 0 | 0 |
Total | ¥ 52 | ¥ 48 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Loss) (Changes in Accumulated OCI, Net of Tax and Net of Noncontrolling Interests) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||
Balance at beginning of period | ¥ 16,466,167 | |
Net change during the period | 915,544 | ¥ 1,263,173 |
Balance at end of period | 17,457,394 | 16,147,508 |
Accumulated other comprehensive income, net of taxes: | ||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||
Balance at beginning of period | 844,192 | 227,033 |
Net change during the period | 840,815 | 1,198,138 |
Balance at end of period | 1,685,007 | 1,425,171 |
Net unrealized losses (gains) on investment securities | ||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||
Balance at beginning of period | (883,466) | (674,230) |
Net change during the period | (157,542) | (218,267) |
Balance at end of period | (1,041,008) | (892,497) |
Net debt valuation adjustments | ||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||
Balance at beginning of period | 3,268 | (14,538) |
Net change during the period | (22,260) | 45,485 |
Balance at end of period | (18,992) | 30,947 |
Net unrealized losses (gains) on derivatives qualifying for cash flow hedges | ||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||
Balance at beginning of period | 594 | 5,969 |
Net change during the period | 13 | (21,686) |
Balance at end of period | 607 | (15,717) |
Defined benefit plans | ||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||
Balance at beginning of period | 8,304 | 29,124 |
Net change during the period | 48,926 | (16,948) |
Balance at end of period | 57,230 | 12,176 |
Foreign currency translation adjustments | ||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||
Balance at beginning of period | 1,715,492 | 880,708 |
Net change during the period | 971,678 | 1,409,554 |
Balance at end of period | ¥ 2,687,170 | ¥ 2,290,262 |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income (Loss) (Before Tax and Net of Tax Changes in Each Component of Accumulated OCI) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | ¥ 915,544 | ¥ 1,263,173 |
Other comprehensive income attributable to Mitsubishi UFJ Financial Group | 840,815 | 1,198,138 |
Net unrealized gains (losses) on investment securities: | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | (147,389) | (534,655) |
Other Comprehensive Income (Loss) before Reclassifications, Tax (expense) or benefit | 23,204 | 132,963 |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (124,185) | (401,692) |
Reclassification adjustment, Current Period, before Tax | (51,965) | 296,064 |
Reclassification adjustment, Current Period, Tax (expense) or benefit | 14,020 | (88,081) |
Reclassification adjustment, Current Period, Net of Tax | (37,945) | 207,983 |
Other Comprehensive Income (Loss), before Tax | (199,354) | (238,591) |
Other Comprehensive Income (Loss), Tax (expense) or benefit | 37,224 | 44,882 |
Total | (162,130) | (193,709) |
Net unrealized gains (losses) on investment securities attributable to noncontrolling interests | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | (4,588) | 24,558 |
Net unrealized losses on investment securities attributable to Mitsubishi UFJ Financial Group | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | (157,542) | (218,267) |
Net debt valuation adjustments: | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | (32,387) | 65,470 |
Other Comprehensive Income (Loss) before Reclassifications, Tax (expense) or benefit | 9,917 | (20,047) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (22,470) | 45,423 |
Reclassification adjustment, Current Period, before Tax | 302 | 89 |
Reclassification adjustment, Current Period, Tax (expense) or benefit | (92) | (27) |
Reclassification adjustment, Current Period, Net of Tax | 210 | 62 |
Other Comprehensive Income (Loss), before Tax | (32,085) | 65,559 |
Other Comprehensive Income (Loss), Tax (expense) or benefit | 9,825 | (20,074) |
Total | (22,260) | 45,485 |
Net debt valuation adjustments attributable to noncontrolling interests | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | 0 | 0 |
Net debt valuation adjustments attributable to Mitsubishi UFJ Financial Group | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | (22,260) | 45,485 |
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges: | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 3,029 | (22,892) |
Other Comprehensive Income (Loss) before Reclassifications, Tax (expense) or benefit | (599) | 6,571 |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 2,430 | (16,321) |
Reclassification adjustment, Current Period, before Tax | (3,013) | (6,701) |
Reclassification adjustment, Current Period, Tax (expense) or benefit | 598 | 1,662 |
Reclassification adjustment, Current Period, Net of Tax | (2,415) | (5,039) |
Other Comprehensive Income (Loss), before Tax | 16 | (29,593) |
Other Comprehensive Income (Loss), Tax (expense) or benefit | (1) | 8,233 |
Total | 15 | (21,360) |
Net unrealized gains on derivatives qualifying for cash flow hedges attributable to noncontrolling interests | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | 2 | 326 |
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges attributable to Mitsubishi UFJ Financial Group | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | 13 | (21,686) |
Defined benefit plans: | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 75,036 | (23,354) |
Other Comprehensive Income (Loss) before Reclassifications, Tax (expense) or benefit | (22,992) | 6,682 |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 52,044 | (16,672) |
Reclassification adjustment, Current Period, before Tax | (4,612) | (443) |
Reclassification adjustment, Current Period, Tax (expense) or benefit | 1,533 | 250 |
Reclassification adjustment, Current Period, Net of Tax | (3,079) | (193) |
Other Comprehensive Income (Loss), before Tax | 70,424 | (23,797) |
Other Comprehensive Income (Loss), Tax (expense) or benefit | (21,459) | 6,932 |
Total | 48,965 | (16,865) |
Defined benefit plans attributable to noncontrolling interests | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | 39 | 83 |
Defined benefit plans attributable to Mitsubishi UFJ Financial Group | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | 48,926 | (16,948) |
Foreign currency translation adjustments: | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 1,200,624 | 1,654,830 |
Other Comprehensive Income (Loss) before Reclassifications, Tax (expense) or benefit | (146,735) | (196,704) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 1,053,889 | 1,458,126 |
Reclassification adjustment, Current Period, before Tax | (4,231) | (12,257) |
Reclassification adjustment, Current Period, Tax (expense) or benefit | 1,296 | 3,753 |
Reclassification adjustment, Current Period, Net of Tax | (2,935) | (8,504) |
Other Comprehensive Income (Loss), before Tax | 1,196,393 | 1,642,573 |
Other Comprehensive Income (Loss), Tax (expense) or benefit | (145,439) | (192,951) |
Total | 1,050,954 | 1,449,622 |
Foreign currency translation adjustments attributable to noncontrolling interests | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | 79,276 | 40,068 |
Foreign currency translation adjustments attributable to Mitsubishi UFJ Financial Group | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total | ¥ 971,678 | ¥ 1,409,554 |
Accumulated Other Comprehensi_5
Accumulated Other Comprehensive Income (Loss) (Reclassification of Significant Items out of Accumulated OCI) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Investment securities gains (losses)—net | ¥ (743,395) | ¥ 493,309 |
Equity in earnings of equity method investees—net | (214,835) | (186,906) |
Interest income on Loans, including fees | (2,011,363) | (1,201,227) |
Other non-interest income | (86,876) | (38,856) |
Other non-interest expenses | (202,385) | (156,407) |
Total before tax | (284,322) | 1,291,685 |
Income tax expense (benefit) | 15,864 | (340,290) |
Net of tax | (268,458) | 951,395 |
Amount reclassified out of Accumulated OCI | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total before tax | (63,519) | 276,752 |
Income tax expense (benefit) | 17,355 | (82,443) |
Net of tax | (46,164) | 194,309 |
Amount reclassified out of Accumulated OCI | Net gains on sales and redemptions of Available-for-sale debt securities | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Investment securities gains (losses)—net | (52,655) | (9,738) |
Amount reclassified out of Accumulated OCI | Impairment losses on investment securities | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Investment securities gains (losses)—net | 2 | 299,281 |
Amount reclassified out of Accumulated OCI | Net unrealized losses (gains) on investment securities | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Investment securities gains (losses)—net | 688 | 6,521 |
Total before tax | (51,965) | 296,064 |
Income tax expense (benefit) | 14,020 | (88,081) |
Net of tax | (37,945) | 207,983 |
Amount reclassified out of Accumulated OCI | Net debt valuation adjustments | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Equity in earnings of equity method investees—net | 302 | 89 |
Total before tax | 302 | 89 |
Income tax expense (benefit) | (92) | (27) |
Net of tax | 210 | 62 |
Amount reclassified out of Accumulated OCI | Net unrealized losses (gains) on derivatives qualifying for cash flow hedges | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total before tax | (3,013) | (6,701) |
Income tax expense (benefit) | 598 | 1,662 |
Net of tax | (2,415) | (5,039) |
Amount reclassified out of Accumulated OCI | Net unrealized losses (gains) on derivatives qualifying for cash flow hedges | Interest rate contracts | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Interest income on Loans, including fees | 0 | (5,173) |
Amount reclassified out of Accumulated OCI | Net unrealized losses (gains) on derivatives qualifying for cash flow hedges | Foreign exchange contracts | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Interest expense on Long-term debt or Foreign exchange losses—net | (3,013) | (1,528) |
Amount reclassified out of Accumulated OCI | Net actuarial loss | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Other non-interest expenses | 2,346 | 4,165 |
Amount reclassified out of Accumulated OCI | Prior service cost | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Other non-interest expenses | (1,616) | (2,469) |
Amount reclassified out of Accumulated OCI | Gain on settlements and curtailment, and other | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Other non-interest expenses | (5,342) | (2,139) |
Amount reclassified out of Accumulated OCI | Defined benefit plans | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total before tax | (4,612) | (443) |
Income tax expense (benefit) | 1,533 | 250 |
Net of tax | (3,079) | (193) |
Amount reclassified out of Accumulated OCI | Foreign currency translation adjustments | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Other non-interest income | (4,231) | (12,257) |
Total before tax | (4,231) | (12,257) |
Income tax expense (benefit) | 1,296 | 3,753 |
Net of tax | ¥ (2,935) | ¥ (8,504) |
Derivative Financial Instrume_3
Derivative Financial Instruments (Notional Amounts of Derivative Contracts) (Detail) - JPY (¥) ¥ in Trillions | Sep. 30, 2023 | Mar. 31, 2023 |
Derivative [Line Items] | ||
Notional amounts of derivatives | ¥ 2,081.5 | ¥ 1,953.1 |
Interest rate contracts | ||
Derivative [Line Items] | ||
Notional amounts of derivatives | 1,742.9 | 1,625.6 |
Foreign exchange contracts | ||
Derivative [Line Items] | ||
Notional amounts of derivatives | 322.4 | 307.4 |
Equity contracts | ||
Derivative [Line Items] | ||
Notional amounts of derivatives | 6 | 5.3 |
Commodity contracts | ||
Derivative [Line Items] | ||
Notional amounts of derivatives | 0.2 | 0.1 |
Credit derivatives | ||
Derivative [Line Items] | ||
Notional amounts of derivatives | 6.7 | 11.5 |
Other | ||
Derivative [Line Items] | ||
Notional amounts of derivatives | ¥ 3.3 | ¥ 3.2 |
Derivative Financial Instrume_4
Derivative Financial Instruments (Fair Value Information on Derivative Instruments Recorded on Condensed Consolidated Balance Sheets) (Detail) - JPY (¥) ¥ in Billions | Sep. 30, 2023 | Mar. 31, 2023 |
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | ¥ 18,554 | ¥ 12,911 |
Fair value of derivative liabilities | 20,105 | 13,833 |
Interest rate contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 11,151 | 7,445 |
Fair value of derivative liabilities | 12,809 | 8,697 |
Foreign exchange contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 7,184 | 5,281 |
Fair value of derivative liabilities | 7,202 | 5,018 |
Equity contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 150 | 90 |
Fair value of derivative liabilities | 125 | 128 |
Commodity contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 19 | 10 |
Fair value of derivative liabilities | 19 | 10 |
Credit derivatives | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 50 | 80 |
Fair value of derivative liabilities | 72 | 90 |
Other | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 0 | 5 |
Fair value of derivative liabilities | (122) | (110) |
Not designated as hedges | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 18,546 | 12,906 |
Fair value of derivative liabilities | 20,105 | 13,833 |
Not designated as hedges | Interest rate contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 11,151 | 7,445 |
Fair value of derivative liabilities | 12,809 | 8,697 |
Not designated as hedges | Foreign exchange contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 7,176 | 5,276 |
Fair value of derivative liabilities | 7,202 | 5,018 |
Not designated as hedges | Equity contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 150 | 90 |
Fair value of derivative liabilities | 125 | 128 |
Not designated as hedges | Commodity contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 19 | 10 |
Fair value of derivative liabilities | 19 | 10 |
Not designated as hedges | Credit derivatives | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 50 | 80 |
Fair value of derivative liabilities | 72 | 90 |
Not designated as hedges | Other | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 0 | 5 |
Fair value of derivative liabilities | (122) | (110) |
Designated as hedges | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 8 | 5 |
Fair value of derivative liabilities | 0 | 0 |
Designated as hedges | Interest rate contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 0 | 0 |
Fair value of derivative liabilities | 0 | 0 |
Designated as hedges | Foreign exchange contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 8 | 5 |
Fair value of derivative liabilities | 0 | 0 |
Designated as hedges | Equity contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 0 | 0 |
Fair value of derivative liabilities | 0 | 0 |
Designated as hedges | Commodity contracts | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 0 | 0 |
Fair value of derivative liabilities | 0 | 0 |
Designated as hedges | Credit derivatives | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 0 | 0 |
Fair value of derivative liabilities | 0 | 0 |
Designated as hedges | Other | ||
Derivatives, Fair Value [Line Items] | ||
Fair value of derivative assets | 0 | 0 |
Fair value of derivative liabilities | ¥ 0 | ¥ 0 |
Derivative Financial Instrume_5
Derivative Financial Instruments (Gains and Losses for Trading and Risk Management Derivatives (Not Designated as Hedging Instruments)) (Detail) - JPY (¥) ¥ in Billions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | ¥ (932) | ¥ (115) |
Interest rate contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (219) | 64 |
Foreign exchange contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (385) | (168) |
Equity contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (268) | (24) |
Credit derivatives | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (20) | (2) |
Other | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (40) | 15 |
Foreign exchange gains (losses) - net | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (393) | (176) |
Foreign exchange gains (losses) - net | Interest rate contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | 0 | 0 |
Foreign exchange gains (losses) - net | Foreign exchange contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (385) | (168) |
Foreign exchange gains (losses) - net | Equity contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | 0 | 0 |
Foreign exchange gains (losses) - net | Credit derivatives | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | 0 | 0 |
Foreign exchange gains (losses) - net | Other | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (8) | (8) |
Trading account profits (losses) - net | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (539) | 61 |
Trading account profits (losses) - net | Interest rate contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (219) | 64 |
Trading account profits (losses) - net | Foreign exchange contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | 0 | 0 |
Trading account profits (losses) - net | Equity contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (268) | (24) |
Trading account profits (losses) - net | Credit derivatives | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | (20) | (2) |
Trading account profits (losses) - net | Other | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Trading and risk management derivatives gains and losses (Not designated as hedging instruments) | ¥ (32) | ¥ 23 |
Derivative Financial Instrume_6
Derivative Financial Instruments (Protection Sold Through Credit Derivatives) (Detail) - Protection sold - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Credit Derivatives [Line Items] | ||
1 year or less | ¥ 483,565 | ¥ 817,845 |
1-5 years | 2,018,962 | 3,787,877 |
Over 5 years | 366,814 | 588,961 |
Total | 2,869,341 | 5,194,683 |
(Asset)/liability | (19,559) | (28,356) |
Single name credit default swaps: | ||
Credit Derivatives [Line Items] | ||
1 year or less | 424,689 | 780,486 |
1-5 years | 1,113,816 | 2,535,528 |
Over 5 years | 348,533 | 577,973 |
Total | 1,887,038 | 3,893,987 |
(Asset)/liability | (9,678) | (16,640) |
Single name credit default swaps: | Investment grade | ||
Credit Derivatives [Line Items] | ||
1 year or less | 321,667 | 616,504 |
1-5 years | 925,277 | 2,222,393 |
Over 5 years | 327,235 | 529,796 |
Total | 1,574,179 | 3,368,693 |
(Asset)/liability | (13,488) | (30,117) |
Single name credit default swaps: | Non-investment grade | ||
Credit Derivatives [Line Items] | ||
1 year or less | 103,022 | 163,982 |
1-5 years | 188,539 | 313,135 |
Over 5 years | 21,298 | 48,177 |
Total | 312,859 | 525,294 |
(Asset)/liability | 3,810 | 13,477 |
Index and basket credit default swaps : | ||
Credit Derivatives [Line Items] | ||
1 year or less | 58,876 | 37,359 |
1-5 years | 905,146 | 1,252,349 |
Over 5 years | 18,281 | 10,988 |
Total | 982,303 | 1,300,696 |
(Asset)/liability | (9,881) | (11,716) |
Index and basket credit default swaps : | Investment grade | ||
Credit Derivatives [Line Items] | ||
1 year or less | 56,000 | 0 |
1-5 years | 905,146 | 217,259 |
Over 5 years | 18,281 | 1,596 |
Total | 979,427 | 218,855 |
(Asset)/liability | (9,869) | (1,266) |
Index and basket credit default swaps : | Non-investment grade | ||
Credit Derivatives [Line Items] | ||
1 year or less | 0 | 37,359 |
1-5 years | 0 | 599,638 |
Over 5 years | 0 | 6,200 |
Total | 0 | 643,197 |
(Asset)/liability | 0 | (7,121) |
Index and basket credit default swaps : | Not rated | ||
Credit Derivatives [Line Items] | ||
1 year or less | 2,876 | 0 |
1-5 years | 0 | 435,452 |
Over 5 years | 0 | 3,192 |
Total | 2,876 | 438,644 |
(Asset)/liability | ¥ (12) | ¥ (3,329) |
Derivative Financial Instrume_7
Derivative Financial Instruments (Narrative) (Detail) - JPY (¥) ¥ in Billions | 6 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Mar. 31, 2023 | |
Credit Derivatives: | ||
Credit derivative, purchased credit protection | ¥ 17 | ¥ 27 |
Credit derivative, purchased credit protection, notional value | 2,577 | 4,880 |
Credit Risk, Liquidity Risk and Credit-risk-related Contingent Features: | ||
Derivative, net liability position, aggregate fair value | 900 | 800 |
Collateral already posted, aggregate fair value | 338 | 222 |
Additional collateral, aggregate fair value | 72 | 70 |
Assets needed for immediate settlement, aggregate fair value | ¥ 165 | ¥ 116 |
Obligations Under Guarantees _3
Obligations Under Guarantees and Other Off-balance Sheet Instruments (Contractual or Notional Amounts of Guarantees) (Detail) - JPY (¥) ¥ in Billions | Sep. 30, 2023 | Mar. 31, 2023 |
Guarantor Obligations [Line Items] | ||
Contractual or Notional amount | ¥ 84,978 | ¥ 74,741 |
Standby letters of credit and financial guarantees | ||
Guarantor Obligations [Line Items] | ||
Contractual or Notional amount | 5,087 | 4,975 |
Performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Contractual or Notional amount | 4,697 | 4,179 |
Derivative Instruments | ||
Guarantor Obligations [Line Items] | ||
Contractual or Notional amount | 53,415 | 48,363 |
Liabilities of trust accounts | ||
Guarantor Obligations [Line Items] | ||
Contractual or Notional amount | 21,703 | 17,139 |
Other | ||
Guarantor Obligations [Line Items] | ||
Contractual or Notional amount | ¥ 76 | ¥ 85 |
Obligations Under Guarantees _4
Obligations Under Guarantees and Other Off-balance Sheet Instruments (Maximum Potential Amount of Future Payments Classified Based upon Internal Credit Ratings) (Detail) - JPY (¥) ¥ in Billions | Sep. 30, 2023 | Mar. 31, 2023 |
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | ¥ 84,978 | ¥ 74,741 |
Standby letters of credit and financial guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 5,087 | 4,975 |
Performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 4,697 | 4,179 |
Standby letters of credit, financial and performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 9,784 | 9,154 |
Normal | Standby letters of credit and financial guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 4,972 | 4,819 |
Normal | Performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 4,598 | 4,066 |
Normal | Standby letters of credit, financial and performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 9,570 | 8,885 |
Close Watch | Standby letters of credit and financial guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 88 | 78 |
Close Watch | Performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 35 | 53 |
Close Watch | Standby letters of credit, financial and performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 123 | 131 |
Likely to become Bankrupt or Legally/Virtually Bankrupt | Standby letters of credit and financial guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 10 | 17 |
Likely to become Bankrupt or Legally/Virtually Bankrupt | Performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 27 | 29 |
Likely to become Bankrupt or Legally/Virtually Bankrupt | Standby letters of credit, financial and performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 37 | 46 |
Not rated | Standby letters of credit and financial guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 17 | 61 |
Not rated | Performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | 37 | 31 |
Not rated | Standby letters of credit, financial and performance guarantees | ||
Guarantor Obligations [Line Items] | ||
Maximum potential / Contractual or Notional amount, Amount by borrower grade | ¥ 54 | ¥ 92 |
Obligations Under Guarantees _5
Obligations Under Guarantees and Other Off-balance Sheet Instruments (Contractual Amounts with Regard to Other Off-balance Sheet Instruments) (Detail) - JPY (¥) ¥ in Billions | Sep. 30, 2023 | Mar. 31, 2023 |
Commitments to extend credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Contractual amounts with regard to other off-balance sheet instruments | ¥ 92,387 | ¥ 88,631 |
Commercial letters of credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Contractual amounts with regard to other off-balance sheet instruments | 894 | 871 |
Commitments to make investments | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Contractual amounts with regard to other off-balance sheet instruments | ¥ 712 | ¥ 705 |
Contingent Liabilities (Narrati
Contingent Liabilities (Narrative) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Commitments and Contingencies Disclosure [Abstract] | ||
Allowance for repayment of excess interest | ¥ 9,070 | ¥ 12,113 |
Variable Interest Entities (Ass
Variable Interest Entities (Assets and Liabilities of Consolidated Variable Interest Entities) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Variable Interest Entity [Line Items] | ||
Total assets | ¥ 392,246,703 | ¥ 381,735,733 |
Cash and due from banks | 59,953,857 | 60,050,640 |
Interest-earning deposits in other banks | 48,957,399 | 53,989,863 |
Trading account assets | 51,177,655 | 46,168,461 |
Investment securities | 62,689,780 | 62,261,931 |
Total liabilities | 374,789,309 | 365,269,566 |
Deposits | 243,806,967 | 235,276,781 |
Long-term debt | 40,457,710 | 39,071,755 |
Consolidated VIEs | ||
Variable Interest Entity [Line Items] | ||
Total assets | 21,937,525 | 21,101,620 |
Cash and due from banks | 7,410 | 8,243 |
Interest-earning deposits in other banks | 62,613 | 52,031 |
Trading account assets | 1,308,287 | 1,367,928 |
Investment securities | 2,113,141 | 2,076,737 |
Loans | 17,349,257 | 16,598,585 |
All other assets | 1,096,817 | 998,096 |
Total liabilities | 496,122 | 614,936 |
Deposits | 0 | 0 |
Other short-term borrowings | 40,145 | 45,432 |
Long-term debt | 374,102 | 406,429 |
All other liabilities | 81,875 | 163,075 |
Consolidated VIEs | Consolidated VIEs before Elimination | ||
Variable Interest Entity [Line Items] | ||
Total assets | 29,363,940 | 27,841,574 |
Cash and due from banks | 85,766 | 80,115 |
Interest-earning deposits in other banks | 154,974 | 88,657 |
Trading account assets | 1,406,445 | 1,431,484 |
Investment securities | 2,713,513 | 2,677,372 |
Loans | 23,876,888 | 22,538,621 |
All other assets | 1,126,354 | 1,025,325 |
Total liabilities | 28,699,591 | 27,220,347 |
Deposits | 6,988,735 | 6,408,837 |
Other short-term borrowings | 7,666,639 | 7,247,251 |
Long-term debt | 12,337,682 | 11,900,840 |
All other liabilities | 1,706,535 | 1,663,419 |
Consolidated VIEs | Consolidated VIEs before Elimination | Asset-backed conduits | ||
Variable Interest Entity [Line Items] | ||
Total assets | 7,732,815 | 7,388,845 |
Cash and due from banks | 77,234 | 71,649 |
Interest-earning deposits in other banks | 30,077 | 34,521 |
Trading account assets | 68,683 | 47,606 |
Investment securities | 969,899 | 1,027,862 |
Loans | 6,539,924 | 6,185,514 |
All other assets | 46,998 | 21,693 |
Total liabilities | 7,697,001 | 7,364,030 |
Deposits | 0 | 0 |
Other short-term borrowings | 5,880,073 | 5,587,813 |
Long-term debt | 1,362,328 | 1,367,234 |
All other liabilities | 454,600 | 408,983 |
Consolidated VIEs | Consolidated VIEs before Elimination | Investment funds | ||
Variable Interest Entity [Line Items] | ||
Total assets | 1,467,112 | 1,331,962 |
Cash and due from banks | 901 | 0 |
Interest-earning deposits in other banks | 116,379 | 46,157 |
Trading account assets | 327,950 | 359,777 |
Investment securities | 73,117 | 65,204 |
Loans | 0 | 0 |
All other assets | 948,765 | 860,824 |
Total liabilities | 951,058 | 830,751 |
Deposits | 0 | 0 |
Other short-term borrowings | 934,436 | 817,292 |
Long-term debt | 8,339 | 7,407 |
All other liabilities | 8,283 | 6,052 |
Consolidated VIEs | Consolidated VIEs before Elimination | Special purpose entities created for structured financing | ||
Variable Interest Entity [Line Items] | ||
Total assets | 250,614 | 248,952 |
Cash and due from banks | 0 | 0 |
Interest-earning deposits in other banks | 3,293 | 2,593 |
Trading account assets | 8,071 | 8,624 |
Investment securities | 0 | 0 |
Loans | 147,264 | 135,606 |
All other assets | 91,986 | 102,129 |
Total liabilities | 123,698 | 127,768 |
Deposits | 0 | 0 |
Other short-term borrowings | 0 | 0 |
Long-term debt | 119,496 | 109,352 |
All other liabilities | 4,202 | 18,416 |
Consolidated VIEs | Consolidated VIEs before Elimination | Repackaged instruments | ||
Variable Interest Entity [Line Items] | ||
Total assets | 288,371 | 243,513 |
Cash and due from banks | 7,132 | 7,882 |
Interest-earning deposits in other banks | 0 | 0 |
Trading account assets | 136,973 | 167,007 |
Investment securities | 129,266 | 53,617 |
Loans | 15,000 | 15,007 |
All other assets | 0 | 0 |
Total liabilities | 296,297 | 245,829 |
Deposits | 0 | 0 |
Other short-term borrowings | 0 | 0 |
Long-term debt | 281,304 | 230,285 |
All other liabilities | 14,993 | 15,544 |
Consolidated VIEs | Consolidated VIEs before Elimination | Securitization of the MUFG Group’s assets | ||
Variable Interest Entity [Line Items] | ||
Total assets | 10,786,948 | 10,389,398 |
Cash and due from banks | 0 | 0 |
Interest-earning deposits in other banks | 1,431 | 1,434 |
Trading account assets | 0 | 0 |
Investment securities | 0 | 0 |
Loans | 10,766,601 | 10,371,275 |
All other assets | 18,916 | 16,689 |
Total liabilities | 10,798,823 | 10,418,160 |
Deposits | 0 | 0 |
Other short-term borrowings | 0 | 0 |
Long-term debt | 10,524,243 | 10,154,662 |
All other liabilities | 274,580 | 263,498 |
Consolidated VIEs | Consolidated VIEs before Elimination | Trust arrangements | ||
Variable Interest Entity [Line Items] | ||
Total assets | 8,770,532 | 8,176,795 |
Cash and due from banks | 0 | 0 |
Interest-earning deposits in other banks | 0 | 0 |
Trading account assets | 840,042 | 833,864 |
Investment securities | 1,524,982 | 1,514,530 |
Loans | 6,405,502 | 5,828,397 |
All other assets | 6 | 4 |
Total liabilities | 8,770,460 | 8,176,907 |
Deposits | 6,988,735 | 6,408,837 |
Other short-term borrowings | 850,957 | 840,690 |
Long-term debt | 0 | 0 |
All other liabilities | 930,768 | 927,380 |
Consolidated VIEs | Consolidated VIEs before Elimination | Other | ||
Variable Interest Entity [Line Items] | ||
Total assets | 67,548 | 62,109 |
Cash and due from banks | 499 | 584 |
Interest-earning deposits in other banks | 3,794 | 3,952 |
Trading account assets | 24,726 | 14,606 |
Investment securities | 16,249 | 16,159 |
Loans | 2,597 | 2,822 |
All other assets | 19,683 | 23,986 |
Total liabilities | 62,254 | 56,902 |
Deposits | 0 | 0 |
Other short-term borrowings | 1,173 | 1,456 |
Long-term debt | 41,972 | 31,900 |
All other liabilities | 19,109 | 23,546 |
Consolidated VIEs | The amounts eliminated in consolidation | ||
Variable Interest Entity [Line Items] | ||
Total assets | (7,426,415) | (6,739,954) |
Cash and due from banks | (78,356) | (71,872) |
Interest-earning deposits in other banks | (92,361) | (36,626) |
Trading account assets | (98,158) | (63,556) |
Investment securities | (600,372) | (600,635) |
Loans | (6,527,631) | (5,940,036) |
All other assets | (29,537) | (27,229) |
Total liabilities | (16,622,457) | (16,102,106) |
Deposits | (1,337) | (302) |
Other short-term borrowings | (3,744,249) | (3,696,647) |
Long-term debt | (11,935,141) | (11,469,378) |
All other liabilities | (941,730) | (935,779) |
Consolidated VIEs | The amount of liabilities with recourse to the general credit of the MUFG Group | ||
Variable Interest Entity [Line Items] | ||
Total liabilities | (11,581,012) | (10,503,305) |
Deposits | (6,987,398) | (6,408,535) |
Other short-term borrowings | (3,882,245) | (3,505,172) |
Long-term debt | (28,439) | (25,033) |
All other liabilities | ¥ (682,930) | ¥ (564,565) |
Variable Interest Entities (A_2
Variable Interest Entities (Assets and Liabilities of Non-consolidated Variable Interest Entities) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Variable Interest Entity [Line Items] | ||
Total assets | ¥ 392,246,703 | ¥ 381,735,733 |
Total liabilities | 374,789,309 | 365,269,566 |
Non-consolidated VIEs | ||
Variable Interest Entity [Line Items] | ||
Total assets | 309,613,284 | 247,954,971 |
Maximum exposure | 32,834,986 | 27,220,521 |
Total assets | 24,304,789 | 20,616,842 |
Trading account assets | 2,189,535 | 1,455,494 |
Investment securities | 5,178,269 | 5,014,606 |
Loans | 16,223,852 | 13,513,611 |
All other assets | 713,133 | 633,131 |
Total liabilities | 476,303 | 295,113 |
All other liabilities | 476,303 | 295,113 |
Non-consolidated VIEs | Asset-backed conduits | ||
Variable Interest Entity [Line Items] | ||
Total assets | 47,471,678 | 41,001,958 |
Maximum exposure | 9,089,567 | 8,062,589 |
Total assets | 7,124,602 | 6,384,079 |
Trading account assets | 12,163 | 21,719 |
Investment securities | 2,157,156 | 2,205,877 |
Loans | 4,942,714 | 4,142,995 |
All other assets | 12,569 | 13,488 |
Total liabilities | 18,936 | 10,823 |
All other liabilities | 18,936 | 10,823 |
Non-consolidated VIEs | Investment funds | ||
Variable Interest Entity [Line Items] | ||
Total assets | 96,500,851 | 55,386,213 |
Maximum exposure | 6,697,234 | 4,930,989 |
Total assets | 4,355,603 | 3,446,109 |
Trading account assets | 452,953 | 262,312 |
Investment securities | 168,683 | 120,436 |
Loans | 3,310,669 | 2,710,177 |
All other assets | 423,298 | 353,184 |
Total liabilities | 42,092 | 27,606 |
All other liabilities | 42,092 | 27,606 |
Non-consolidated VIEs | Special purpose entities created for structured financing | ||
Variable Interest Entity [Line Items] | ||
Total assets | 66,635,155 | 54,543,066 |
Maximum exposure | 7,309,836 | 5,864,814 |
Total assets | 4,838,196 | 3,907,598 |
Trading account assets | 66,104 | 80,382 |
Investment securities | 43,255 | 39,357 |
Loans | 4,685,051 | 3,749,670 |
All other assets | 43,786 | 38,189 |
Total liabilities | 382,651 | 208,100 |
All other liabilities | 382,651 | 208,100 |
Non-consolidated VIEs | Repackaged instruments | ||
Variable Interest Entity [Line Items] | ||
Total assets | 9,710,418 | 9,034,058 |
Maximum exposure | 5,016,578 | 4,372,581 |
Total assets | 4,846,411 | 4,117,969 |
Trading account assets | 1,436,901 | 944,795 |
Investment securities | 2,805,459 | 2,641,384 |
Loans | 427,025 | 386,793 |
All other assets | 177,026 | 144,997 |
Total liabilities | 1,342 | 2,230 |
All other liabilities | 1,342 | 2,230 |
Non-consolidated VIEs | Other | ||
Variable Interest Entity [Line Items] | ||
Total assets | 89,295,182 | 87,989,676 |
Maximum exposure | 4,721,771 | 3,989,548 |
Total assets | 3,139,977 | 2,761,087 |
Trading account assets | 221,414 | 146,286 |
Investment securities | 3,716 | 7,552 |
Loans | 2,858,393 | 2,523,976 |
All other assets | 56,454 | 83,273 |
Total liabilities | 31,282 | 46,354 |
All other liabilities | ¥ 31,282 | ¥ 46,354 |
Fees and Commissions Income (De
Fees and Commissions Income (Details of Fees and Commissions Income) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | ¥ 881,258 | ¥ 787,642 |
Fees and commissions on deposits | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | 18,310 | 27,784 |
Fees and commissions on remittances and transfers | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | 73,427 | 73,627 |
Fees and commissions on foreign trading business | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | 36,901 | 35,165 |
Fees and commissions on credit card business | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | 120,071 | 111,697 |
Fees and commissions on security-related services | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | 132,829 | 107,541 |
Fees and commissions on administration and management services for investment funds | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | 150,525 | 133,070 |
Trust fees | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | 62,724 | 66,832 |
Guarantee fees | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | 25,237 | 23,481 |
Insurance commissions | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | 26,482 | 22,259 |
Fees and commissions on real estate business | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | 22,347 | 21,984 |
Other fees and commissions | ||
Disaggregation of Contract Revenue [Line Items] | ||
Fees and commissions income | ¥ 212,405 | ¥ 164,202 |
Business Segments (Narrative) (
Business Segments (Narrative) (Details) ¥ in Billions | 6 Months Ended | |
Sep. 30, 2023 segment | Sep. 30, 2022 JPY (¥) | |
Segment Reporting Information [Line Items] | ||
Number of operating segments | segment | 7 | |
Operating Segments | Digital Service Business Group | Customer Business | ||
Segment Reporting Information [Line Items] | ||
Modification impact in operating profits (losses) | ¥ 3.5 | |
Operating Segments | Global Corporate & Investment Banking Business Group | Customer Business | ||
Segment Reporting Information [Line Items] | ||
Modification impact in operating profits (losses) | 0.8 | |
Operating Segments | Global Commercial Banking Business Group | Customer Business | ||
Segment Reporting Information [Line Items] | ||
Modification impact in operating profits (losses) | 0.3 | |
Operating Segments | Retail & Commercial Banking Business Group | Customer Business | ||
Segment Reporting Information [Line Items] | ||
Modification impact in operating profits (losses) | (3) | |
Operating Segments | Global Markets Business Group | Customer Business | ||
Segment Reporting Information [Line Items] | ||
Modification impact in operating profits (losses) | (0.6) | |
Other | ||
Segment Reporting Information [Line Items] | ||
Modification impact in operating profits (losses) | ¥ (1) |
Business Segments (Financial In
Business Segments (Financial Information by Business Segment) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Business segment information | ||
Net revenue: | ¥ 2,504,500 | ¥ 2,344,900 |
Net interest income | 1,244,871 | 1,166,734 |
Operating expenses | 1,426,600 | 1,455,300 |
Operating profit (loss) | 1,077,900 | 889,600 |
Fixed assets: | 1,376,900 | 1,303,300 |
Increase in fixed assets | 114,000 | 87,200 |
Depreciation | 90,200 | 74,600 |
BK and TB | ||
Business segment information | ||
Net revenue: | 1,509,800 | 1,176,100 |
Net interest income | 886,500 | 1,160,000 |
Net fees | 408,800 | 320,900 |
Other | 214,500 | (304,800) |
Other than BK and TB | ||
Business segment information | ||
Net revenue: | 994,700 | 1,168,800 |
Operating Segments | Customer Business | ||
Business segment information | ||
Net revenue: | 2,097,800 | 1,970,900 |
Operating expenses | 1,159,100 | 1,249,200 |
Operating profit (loss) | 938,700 | 721,700 |
Fixed assets: | 736,600 | 653,100 |
Increase in fixed assets | 85,600 | 67,200 |
Depreciation | 66,100 | 52,500 |
Operating Segments | BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 1,174,100 | 927,000 |
Net interest income | 680,600 | 497,600 |
Net fees | 425,300 | 360,200 |
Other | 68,200 | 69,200 |
Operating Segments | Other than BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 923,700 | 1,043,900 |
Operating Segments | Digital Service Business Group | Customer Business | ||
Business segment information | ||
Net revenue: | 380,200 | 371,700 |
Operating expenses | 264,200 | 259,000 |
Operating profit (loss) | 116,000 | 112,700 |
Fixed assets: | 172,800 | 147,500 |
Increase in fixed assets | 19,100 | 15,200 |
Depreciation | 7,000 | 5,100 |
Operating Segments | Digital Service Business Group | BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 124,300 | 127,200 |
Net interest income | 106,900 | 106,700 |
Net fees | 16,600 | 19,200 |
Other | 800 | 1,300 |
Operating Segments | Digital Service Business Group | Other than BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 255,900 | 244,500 |
Operating Segments | Retail & Commercial Banking Business Group | Customer Business | ||
Business segment information | ||
Net revenue: | 318,800 | 283,800 |
Operating expenses | 230,800 | 227,600 |
Operating profit (loss) | 88,000 | 56,200 |
Fixed assets: | 211,000 | 199,100 |
Increase in fixed assets | 20,800 | 21,000 |
Depreciation | 12,000 | 11,000 |
Operating Segments | Retail & Commercial Banking Business Group | BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 220,000 | 194,600 |
Net interest income | 115,100 | 90,800 |
Net fees | 91,100 | 87,200 |
Other | 13,800 | 16,600 |
Operating Segments | Retail & Commercial Banking Business Group | Other than BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 98,800 | 89,200 |
Operating Segments | Japanese Corporate & Investment Banking Business Group | Customer Business | ||
Business segment information | ||
Net revenue: | 463,800 | 345,300 |
Operating expenses | 169,400 | 165,800 |
Operating profit (loss) | 294,400 | 179,500 |
Fixed assets: | 161,000 | 157,100 |
Increase in fixed assets | 22,300 | 17,700 |
Depreciation | 21,200 | 18,000 |
Operating Segments | Japanese Corporate & Investment Banking Business Group | BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 376,800 | 277,500 |
Net interest income | 237,400 | 153,000 |
Net fees | 104,900 | 91,900 |
Other | 34,500 | 32,600 |
Operating Segments | Japanese Corporate & Investment Banking Business Group | Other than BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 87,000 | 67,800 |
Operating Segments | Global Commercial Banking Business Group | Customer Business | ||
Business segment information | ||
Net revenue: | 310,900 | 447,400 |
Operating expenses | 174,900 | 305,000 |
Operating profit (loss) | 136,000 | 142,400 |
Fixed assets: | 1,300 | 1,200 |
Increase in fixed assets | 200 | 400 |
Depreciation | 100 | 100 |
Operating Segments | Global Commercial Banking Business Group | BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 19,600 | 27,300 |
Net interest income | 19,100 | 27,300 |
Net fees | 0 | 0 |
Other | 500 | 0 |
Operating Segments | Global Commercial Banking Business Group | Other than BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 291,300 | 420,100 |
Operating Segments | Asset Management & Investor Services Business Group | Customer Business | ||
Business segment information | ||
Net revenue: | 205,700 | 177,200 |
Operating expenses | 145,700 | 123,400 |
Operating profit (loss) | 60,000 | 53,800 |
Fixed assets: | 22,100 | 13,700 |
Increase in fixed assets | 7,300 | 3,200 |
Depreciation | 4,000 | 2,800 |
Operating Segments | Asset Management & Investor Services Business Group | BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 56,800 | 53,000 |
Net interest income | 6,500 | 5,300 |
Net fees | 50,300 | 47,800 |
Other | 0 | (100) |
Operating Segments | Asset Management & Investor Services Business Group | Other than BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 148,900 | 124,200 |
Operating Segments | Global Corporate & Investment Banking Business Group | Customer Business | ||
Business segment information | ||
Net revenue: | 418,400 | 345,500 |
Operating expenses | 174,100 | 168,400 |
Operating profit (loss) | 244,300 | 177,100 |
Fixed assets: | 168,400 | 134,500 |
Increase in fixed assets | 15,900 | 9,700 |
Depreciation | 21,800 | 15,500 |
Operating Segments | Global Corporate & Investment Banking Business Group | BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 376,600 | 247,400 |
Net interest income | 195,600 | 114,500 |
Net fees | 162,400 | 114,100 |
Other | 18,600 | 18,800 |
Operating Segments | Global Corporate & Investment Banking Business Group | Other than BK and TB | Customer Business | ||
Business segment information | ||
Net revenue: | 41,800 | 98,100 |
Operating Segments | Global Markets Business Group | ||
Business segment information | ||
Net revenue: | 381,700 | 360,600 |
Operating expenses | 149,900 | 136,300 |
Operating profit (loss) | 231,800 | 224,300 |
Fixed assets: | 108,400 | 108,700 |
Increase in fixed assets | 13,100 | 10,400 |
Depreciation | 15,500 | 13,300 |
Operating Segments | Global Markets Business Group | BK and TB | ||
Business segment information | ||
Net revenue: | 229,400 | 225,600 |
Net interest income | 119,300 | 604,600 |
Net fees | (9,300) | (8,600) |
Other | 119,400 | (370,400) |
Operating Segments | Global Markets Business Group | Other than BK and TB | ||
Business segment information | ||
Net revenue: | 152,300 | 135,000 |
Other | ||
Business segment information | ||
Net revenue: | 25,000 | 13,400 |
Operating expenses | 117,600 | 69,800 |
Operating profit (loss) | (92,600) | (56,400) |
Fixed assets: | 531,900 | 541,500 |
Increase in fixed assets | 15,300 | 9,600 |
Depreciation | 8,600 | 8,800 |
Other | Subsidiaries | ||
Business segment information | ||
Fixed assets: | 1,344,500 | 1,422,400 |
Other | BK and TB | ||
Business segment information | ||
Net revenue: | 106,300 | 23,500 |
Net interest income | 86,600 | 57,800 |
Net fees | (7,200) | (30,700) |
Other | 26,900 | (3,600) |
Other | Other than BK and TB | ||
Business segment information | ||
Net revenue: | ¥ (81,300) | ¥ (10,100) |
Business Segments (Reconciliati
Business Segments (Reconciliation of Operating Profit (Loss) from Segments to Condensed Consolidated Statements of Income) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||
Operating profit: | ¥ 1,077,900 | ¥ 889,600 |
Foreign exchange losses—net | (329,089) | (126,755) |
Trading account losses—net | (940,660) | (1,367,090) |
Equity investment securities gains (losses)—net | 19,195 | (214) |
Equity in earnings of equity method investees—net | 214,835 | 186,906 |
Reversal of off-balance sheet credit instruments | 3,646 | 12,112 |
Reversal of impairment of assets held for sale | 0 | 134,141 |
Loss on valuation adjustment for loan held for sale | 0 | (209,107) |
Income (loss) before income tax expense (benefit) | 284,322 | (1,291,685) |
Fixed assets | 1,376,900 | 1,303,300 |
Segment Reconciling Items | ||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||
Operating profit: | 1,078,000 | 890,000 |
Reversal of (provision for) credit losses | (62,000) | 98,000 |
Foreign exchange losses—net | (385,000) | (165,000) |
Trading account losses—net | (1,133,000) | (1,670,000) |
Equity investment securities gains (losses)—net | 624,000 | (433,000) |
Debt investment securities gains—net | 102,000 | 199,000 |
Equity in earnings of equity method investees—net | 215,000 | 187,000 |
Reversal of off-balance sheet credit instruments | 4,000 | 12,000 |
Reversal of impairment of assets held for sale | 0 | 134,000 |
Loss on valuation adjustment for loan held for sale | 0 | (209,000) |
Other—net | (159,000) | (335,000) |
Income (loss) before income tax expense (benefit) | 284,000 | (1,292,000) |
Fixed assets | 2,477,000 | 2,391,000 |
U.S. GAAP adjustments and other | 1,100,000 | 1,088,000 |
Segment Reconciling Items | Japanese Gaap | ||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||
Fixed assets | ¥ 1,377,000 | ¥ 1,303,000 |
Fair Value (Assets and Liabilit
Fair Value (Assets and Liabilities Measured at Fair Value by Level on Recurring Basis) (Detail) - JPY (¥) | Sep. 30, 2023 | Mar. 31, 2023 |
Assets | ||
Trading derivative assets | ¥ 18,554,000,000,000 | ¥ 12,911,000,000,000 |
Available-for-sale debt securities | 32,372,779,000,000 | 35,740,802,000,000 |
Equity securities | 5,659,975,000,000 | 5,001,048,000,000 |
Liabilities | ||
Trading derivative liabilities | 20,105,000,000,000 | 13,833,000,000,000 |
Japanese national government and Japanese government agency bonds | ||
Assets | ||
Available-for-sale debt securities | 23,806,480,000,000 | 26,046,603,000,000 |
Japanese prefectural and municipal bonds | ||
Assets | ||
Available-for-sale debt securities | 1,435,996,000,000 | 2,759,941,000,000 |
Foreign government and official institution bonds | ||
Assets | ||
Available-for-sale debt securities | 3,147,441,000,000 | 2,922,742,000,000 |
Corporate bonds | ||
Assets | ||
Available-for-sale debt securities | 997,161,000,000 | 1,058,161,000,000 |
Residential mortgage-backed securities | ||
Assets | ||
Available-for-sale debt securities | 1,190,322,000,000 | 1,110,254,000,000 |
Asset-backed securities | ||
Assets | ||
Available-for-sale debt securities | 1,333,571,000,000 | 1,430,315,000,000 |
Other debt securities | ||
Assets | ||
Available-for-sale debt securities | 461,808,000,000 | 412,786,000,000 |
Fair Value, Measurements, Recurring | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 32,342,285,000,000 | 33,026,942,000,000 |
Trading derivative assets | 18,545,290,000,000 | 12,901,727,000,000 |
Trading loans | 22,996,000,000 | 13,820,000,000 |
Available-for-sale debt securities | 32,372,779,000,000 | 35,740,802,000,000 |
Equity securities | 5,098,438,000,000 | 4,538,354,000,000 |
Other financial assets | 1,936,986,000,000 | 2,476,293,000,000 |
Total | 90,318,774,000,000 | 88,697,938,000,000 |
Liabilities | ||
Trading securities sold, not yet purchased | 87,883,000,000 | 234,907,000,000 |
Trading derivative liabilities | 20,227,281,000,000 | 13,943,368,000,000 |
Obligation to return securities received as collateral | 6,895,127,000,000 | 6,891,545,000,000 |
Other | 297,467,000,000 | 387,145,000,000 |
Total | 27,507,758,000,000 | 21,456,965,000,000 |
Fair Value, Measurements, Recurring | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 15,816,502,000,000 | 19,098,208,000,000 |
Trading derivative assets | 143,551,000,000 | 84,406,000,000 |
Trading loans | 0 | 0 |
Available-for-sale debt securities | 23,749,188,000,000 | 25,236,359,000,000 |
Equity securities | 4,934,283,000,000 | 4,362,017,000,000 |
Other financial assets | 854,305,000,000 | 1,535,446,000,000 |
Total | 45,497,829,000,000 | 50,316,436,000,000 |
Liabilities | ||
Trading securities sold, not yet purchased | 81,006,000,000 | 232,287,000,000 |
Trading derivative liabilities | 106,471,000,000 | 163,129,000,000 |
Obligation to return securities received as collateral | 6,602,613,000,000 | 6,664,578,000,000 |
Other | 0 | 0 |
Total | 6,790,090,000,000 | 7,059,994,000,000 |
Fair Value, Measurements, Recurring | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 14,709,285,000,000 | 12,746,415,000,000 |
Trading derivative assets | 18,330,520,000,000 | 12,674,978,000,000 |
Trading loans | 22,996,000,000 | 13,820,000,000 |
Available-for-sale debt securities | 8,281,883,000,000 | 10,250,511,000,000 |
Equity securities | 81,667,000,000 | 101,576,000,000 |
Other financial assets | 962,406,000,000 | 848,596,000,000 |
Total | 42,388,757,000,000 | 36,635,896,000,000 |
Liabilities | ||
Trading securities sold, not yet purchased | 6,877,000,000 | 2,620,000,000 |
Trading derivative liabilities | 20,064,626,000,000 | 13,718,992,000,000 |
Obligation to return securities received as collateral | 219,257,000,000 | 158,763,000,000 |
Other | 268,535,000,000 | 313,482,000,000 |
Total | 20,559,295,000,000 | 14,193,857,000,000 |
Fair Value, Measurements, Recurring | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 1,816,498,000,000 | 1,182,319,000,000 |
Trading derivative assets | 71,219,000,000 | 142,343,000,000 |
Trading loans | 0 | 0 |
Available-for-sale debt securities | 341,708,000,000 | 253,932,000,000 |
Equity securities | 82,488,000,000 | 74,761,000,000 |
Other financial assets | 120,275,000,000 | 92,251,000,000 |
Total | 2,432,188,000,000 | 1,745,606,000,000 |
Liabilities | ||
Trading securities sold, not yet purchased | 0 | 0 |
Trading derivative liabilities | 56,184,000,000 | 61,247,000,000 |
Obligation to return securities received as collateral | 73,257,000,000 | 68,204,000,000 |
Other | 28,932,000,000 | 73,663,000,000 |
Total | 158,373,000,000 | 203,114,000,000 |
Fair Value, Measurements, Recurring | Japanese national government and Japanese government agency bonds | ||
Assets | ||
Available-for-sale debt securities | 23,806,480,000,000 | 26,046,603,000,000 |
Fair Value, Measurements, Recurring | Japanese national government and Japanese government agency bonds | Level 1 | ||
Assets | ||
Available-for-sale debt securities | 21,647,505,000,000 | 23,292,055,000,000 |
Fair Value, Measurements, Recurring | Japanese national government and Japanese government agency bonds | Level 2 | ||
Assets | ||
Available-for-sale debt securities | 2,158,975,000,000 | 2,754,548,000,000 |
Fair Value, Measurements, Recurring | Japanese national government and Japanese government agency bonds | Level 3 | ||
Assets | ||
Available-for-sale debt securities | 0 | 0 |
Fair Value, Measurements, Recurring | Japanese prefectural and municipal bonds | ||
Assets | ||
Available-for-sale debt securities | 1,435,996,000,000 | 2,759,941,000,000 |
Fair Value, Measurements, Recurring | Japanese prefectural and municipal bonds | Level 1 | ||
Assets | ||
Available-for-sale debt securities | 0 | 0 |
Fair Value, Measurements, Recurring | Japanese prefectural and municipal bonds | Level 2 | ||
Assets | ||
Available-for-sale debt securities | 1,435,996,000,000 | 2,759,941,000,000 |
Fair Value, Measurements, Recurring | Japanese prefectural and municipal bonds | Level 3 | ||
Assets | ||
Available-for-sale debt securities | 0 | 0 |
Fair Value, Measurements, Recurring | Foreign government and official institution bonds | ||
Assets | ||
Available-for-sale debt securities | 3,147,441,000,000 | 2,922,742,000,000 |
Fair Value, Measurements, Recurring | Foreign government and official institution bonds | Level 1 | ||
Assets | ||
Available-for-sale debt securities | 2,101,683,000,000 | 1,944,304,000,000 |
Fair Value, Measurements, Recurring | Foreign government and official institution bonds | Level 2 | ||
Assets | ||
Available-for-sale debt securities | 1,045,758,000,000 | 978,438,000,000 |
Fair Value, Measurements, Recurring | Foreign government and official institution bonds | Level 3 | ||
Assets | ||
Available-for-sale debt securities | 0 | 0 |
Fair Value, Measurements, Recurring | Corporate bonds | ||
Assets | ||
Available-for-sale debt securities | 997,161,000,000 | 1,058,161,000,000 |
Fair Value, Measurements, Recurring | Corporate bonds | Level 1 | ||
Assets | ||
Available-for-sale debt securities | 0 | 0 |
Fair Value, Measurements, Recurring | Corporate bonds | Level 2 | ||
Assets | ||
Available-for-sale debt securities | 994,968,000,000 | 1,056,191,000,000 |
Fair Value, Measurements, Recurring | Corporate bonds | Level 3 | ||
Assets | ||
Available-for-sale debt securities | 2,193,000,000 | 1,970,000,000 |
Fair Value, Measurements, Recurring | Residential mortgage-backed securities | ||
Assets | ||
Available-for-sale debt securities | 1,190,322,000,000 | 1,110,254,000,000 |
Fair Value, Measurements, Recurring | Residential mortgage-backed securities | Level 1 | ||
Assets | ||
Available-for-sale debt securities | 0 | 0 |
Fair Value, Measurements, Recurring | Residential mortgage-backed securities | Level 2 | ||
Assets | ||
Available-for-sale debt securities | 1,190,307,000,000 | 1,110,239,000,000 |
Fair Value, Measurements, Recurring | Residential mortgage-backed securities | Level 3 | ||
Assets | ||
Available-for-sale debt securities | 15,000,000 | 15,000,000 |
Fair Value, Measurements, Recurring | Asset-backed securities | ||
Assets | ||
Available-for-sale debt securities | 1,333,571,000,000 | 1,430,315,000,000 |
Fair Value, Measurements, Recurring | Asset-backed securities | Level 1 | ||
Assets | ||
Available-for-sale debt securities | 0 | 0 |
Fair Value, Measurements, Recurring | Asset-backed securities | Level 2 | ||
Assets | ||
Available-for-sale debt securities | 1,060,851,000,000 | 1,247,377,000,000 |
Fair Value, Measurements, Recurring | Asset-backed securities | Level 3 | ||
Assets | ||
Available-for-sale debt securities | 272,720,000,000 | 182,938,000,000 |
Fair Value, Measurements, Recurring | Other debt securities | ||
Assets | ||
Available-for-sale debt securities | 461,808,000,000 | 412,786,000,000 |
Fair Value, Measurements, Recurring | Other debt securities | Level 1 | ||
Assets | ||
Available-for-sale debt securities | 0 | 0 |
Fair Value, Measurements, Recurring | Other debt securities | Level 2 | ||
Assets | ||
Available-for-sale debt securities | 395,028,000,000 | 343,777,000,000 |
Fair Value, Measurements, Recurring | Other debt securities | Level 3 | ||
Assets | ||
Available-for-sale debt securities | 66,780,000,000 | 69,009,000,000 |
Fair Value, Measurements, Recurring | Marketable equity securities | ||
Assets | ||
Equity securities | 5,015,851,000,000 | 4,463,593,000,000 |
Fair Value, Measurements, Recurring | Marketable equity securities | Level 1 | ||
Assets | ||
Equity securities | 4,934,283,000,000 | 4,362,017,000,000 |
Fair Value, Measurements, Recurring | Marketable equity securities | Level 2 | ||
Assets | ||
Equity securities | 81,568,000,000 | 101,576,000,000 |
Fair Value, Measurements, Recurring | Marketable equity securities | Level 3 | ||
Assets | ||
Equity securities | 0 | 0 |
Fair Value, Measurements, Recurring | Nonmarketable equity securities | ||
Assets | ||
Equity securities | 82,587,000,000 | 74,761,000,000 |
Fair Value, Measurements, Recurring | Nonmarketable equity securities | Level 1 | ||
Assets | ||
Equity securities | 0 | 0 |
Fair Value, Measurements, Recurring | Nonmarketable equity securities | Level 2 | ||
Assets | ||
Equity securities | 99,000,000 | 0 |
Fair Value, Measurements, Recurring | Nonmarketable equity securities | Level 3 | ||
Assets | ||
Equity securities | 82,488,000,000 | 74,761,000,000 |
Fair Value, Measurements, Recurring | Interest rate contracts | ||
Assets | ||
Trading derivative assets | 11,150,582,000,000 | 7,445,535,000,000 |
Liabilities | ||
Trading derivative liabilities | 12,808,902,000,000 | 8,696,888,000,000 |
Fair Value, Measurements, Recurring | Interest rate contracts | Level 1 | ||
Assets | ||
Trading derivative assets | 55,656,000,000 | 40,013,000,000 |
Liabilities | ||
Trading derivative liabilities | 28,508,000,000 | 85,641,000,000 |
Fair Value, Measurements, Recurring | Interest rate contracts | Level 2 | ||
Assets | ||
Trading derivative assets | 11,071,557,000,000 | 7,311,689,000,000 |
Liabilities | ||
Trading derivative liabilities | 12,746,145,000,000 | 8,566,043,000,000 |
Fair Value, Measurements, Recurring | Interest rate contracts | Level 3 | ||
Assets | ||
Trading derivative assets | 23,369,000,000 | 93,833,000,000 |
Liabilities | ||
Trading derivative liabilities | 34,249,000,000 | 45,204,000,000 |
Fair Value, Measurements, Recurring | Foreign exchange contracts | ||
Assets | ||
Trading derivative assets | 7,175,696,000,000 | 5,276,134,000,000 |
Liabilities | ||
Trading derivative liabilities | 7,202,486,000,000 | 5,017,957,000,000 |
Fair Value, Measurements, Recurring | Foreign exchange contracts | Level 1 | ||
Assets | ||
Trading derivative assets | 4,661,000,000 | 3,909,000,000 |
Liabilities | ||
Trading derivative liabilities | 4,886,000,000 | 1,679,000,000 |
Fair Value, Measurements, Recurring | Foreign exchange contracts | Level 2 | ||
Assets | ||
Trading derivative assets | 7,159,046,000,000 | 5,258,511,000,000 |
Liabilities | ||
Trading derivative liabilities | 7,195,310,000,000 | 5,013,909,000,000 |
Fair Value, Measurements, Recurring | Foreign exchange contracts | Level 3 | ||
Assets | ||
Trading derivative assets | 11,989,000,000 | 13,714,000,000 |
Liabilities | ||
Trading derivative liabilities | 2,290,000,000 | 2,369,000,000 |
Fair Value, Measurements, Recurring | Equity contracts | ||
Assets | ||
Trading derivative assets | 149,637,000,000 | 89,760,000,000 |
Liabilities | ||
Trading derivative liabilities | 125,461,000,000 | 128,493,000,000 |
Fair Value, Measurements, Recurring | Equity contracts | Level 1 | ||
Assets | ||
Trading derivative assets | 83,234,000,000 | 40,484,000,000 |
Liabilities | ||
Trading derivative liabilities | 73,077,000,000 | 75,809,000,000 |
Fair Value, Measurements, Recurring | Equity contracts | Level 2 | ||
Assets | ||
Trading derivative assets | 50,814,000,000 | 28,617,000,000 |
Liabilities | ||
Trading derivative liabilities | 51,854,000,000 | 48,953,000,000 |
Fair Value, Measurements, Recurring | Equity contracts | Level 3 | ||
Assets | ||
Trading derivative assets | 15,589,000,000 | 20,659,000,000 |
Liabilities | ||
Trading derivative liabilities | 530,000,000 | 3,731,000,000 |
Fair Value, Measurements, Recurring | Commodity contracts | ||
Assets | ||
Trading derivative assets | 19,024,000,000 | 9,925,000,000 |
Liabilities | ||
Trading derivative liabilities | 18,592,000,000 | 9,817,000,000 |
Fair Value, Measurements, Recurring | Commodity contracts | Level 1 | ||
Assets | ||
Trading derivative assets | 0 | 0 |
Liabilities | ||
Trading derivative liabilities | 0 | 0 |
Fair Value, Measurements, Recurring | Commodity contracts | Level 2 | ||
Assets | ||
Trading derivative assets | 476,000,000 | 17,000,000 |
Liabilities | ||
Trading derivative liabilities | 0 | 0 |
Fair Value, Measurements, Recurring | Commodity contracts | Level 3 | ||
Assets | ||
Trading derivative assets | 18,548,000,000 | 9,908,000,000 |
Liabilities | ||
Trading derivative liabilities | 18,592,000,000 | 9,817,000,000 |
Fair Value, Measurements, Recurring | Credit derivatives | ||
Assets | ||
Trading derivative assets | 50,059,000,000 | 79,945,000,000 |
Liabilities | ||
Trading derivative liabilities | 71,559,000,000 | 90,149,000,000 |
Fair Value, Measurements, Recurring | Credit derivatives | Level 1 | ||
Assets | ||
Trading derivative assets | 0 | 0 |
Liabilities | ||
Trading derivative liabilities | 0 | 0 |
Fair Value, Measurements, Recurring | Credit derivatives | Level 2 | ||
Assets | ||
Trading derivative assets | 48,610,000,000 | 76,144,000,000 |
Liabilities | ||
Trading derivative liabilities | 71,307,000,000 | 90,087,000,000 |
Fair Value, Measurements, Recurring | Credit derivatives | Level 3 | ||
Assets | ||
Trading derivative assets | 1,449,000,000 | 3,801,000,000 |
Liabilities | ||
Trading derivative liabilities | 252,000,000 | 62,000,000 |
Fair Value, Measurements, Recurring | Other | ||
Assets | ||
Trading derivative assets | 292,000,000 | 428,000,000 |
Liabilities | ||
Trading derivative liabilities | 281,000,000 | 64,000,000 |
Fair Value, Measurements, Recurring | Other | Level 1 | ||
Assets | ||
Trading derivative assets | 0 | 0 |
Liabilities | ||
Trading derivative liabilities | 0 | 0 |
Fair Value, Measurements, Recurring | Other | Level 2 | ||
Assets | ||
Trading derivative assets | 17,000,000 | 0 |
Liabilities | ||
Trading derivative liabilities | 10,000,000 | 0 |
Fair Value, Measurements, Recurring | Other | Level 3 | ||
Assets | ||
Trading derivative assets | 275,000,000 | 428,000,000 |
Liabilities | ||
Trading derivative liabilities | 271,000,000 | 64,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Japanese national government and Japanese government agency bonds | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 6,988,597,000,000 | 6,422,025,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Japanese national government and Japanese government agency bonds | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 6,491,075,000,000 | 6,092,523,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Japanese national government and Japanese government agency bonds | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 497,522,000,000 | 329,502,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Japanese national government and Japanese government agency bonds | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 0 |
Fair Value, Measurements, Recurring | Debt securities | Japanese prefectural and municipal bonds | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 211,107,000,000 | 279,168,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Japanese prefectural and municipal bonds | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 0 |
Fair Value, Measurements, Recurring | Debt securities | Japanese prefectural and municipal bonds | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 211,107,000,000 | 279,168,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Japanese prefectural and municipal bonds | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 0 |
Fair Value, Measurements, Recurring | Debt securities | Foreign government and official institution bonds | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 8,546,594,000,000 | 12,255,133,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Foreign government and official institution bonds | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 7,754,392,000,000 | 11,760,274,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Foreign government and official institution bonds | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 792,052,000,000 | 493,691,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Foreign government and official institution bonds | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 150,000,000 | 1,168,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Corporate bonds | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 2,660,321,000,000 | 2,256,389,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Corporate bonds | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 3,965,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Corporate bonds | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 2,660,321,000,000 | 2,252,424,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Corporate bonds | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 0 |
Fair Value, Measurements, Recurring | Debt securities | Residential mortgage-backed securities | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 5,585,266,000,000 | 4,978,709,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Residential mortgage-backed securities | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 0 |
Fair Value, Measurements, Recurring | Debt securities | Residential mortgage-backed securities | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 5,585,266,000,000 | 4,978,709,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Residential mortgage-backed securities | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 0 |
Fair Value, Measurements, Recurring | Debt securities | Commercial mortgage-backed securities | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 4,627,000,000 | |
Fair Value, Measurements, Recurring | Debt securities | Commercial mortgage-backed securities | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | |
Fair Value, Measurements, Recurring | Debt securities | Commercial mortgage-backed securities | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 4,627,000,000 | |
Fair Value, Measurements, Recurring | Debt securities | Commercial mortgage-backed securities | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | |
Fair Value, Measurements, Recurring | Debt securities | Asset-backed securities | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 2,365,240,000,000 | 1,879,292,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Asset-backed securities | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 0 |
Fair Value, Measurements, Recurring | Debt securities | Asset-backed securities | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 1,246,481,000,000 | 1,210,381,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Asset-backed securities | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 1,118,759,000,000 | 668,911,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Other debt securities | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 519,484,000,000 | 334,124,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Other debt securities | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 0 |
Fair Value, Measurements, Recurring | Debt securities | Other debt securities | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 2,135,000,000 | 0 |
Fair Value, Measurements, Recurring | Debt securities | Other debt securities | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 517,349,000,000 | 334,124,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Commercial paper | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 2,428,377,000,000 | 1,931,569,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Commercial paper | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 0 |
Fair Value, Measurements, Recurring | Debt securities | Commercial paper | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 2,428,377,000,000 | 1,931,569,000,000 |
Fair Value, Measurements, Recurring | Debt securities | Commercial paper | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 0 | 0 |
Fair Value, Measurements, Recurring | Equity securities | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 3,037,299,000,000 | 2,685,906,000,000 |
Liabilities | ||
Investment securities valued at net asset value | 267,084,000,000 | 225,972,000,000 |
Unfunded commitments | 230,396,000,000 | 172,562,000,000 |
Fair Value, Measurements, Recurring | Equity securities | Level 1 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 1,571,035,000,000 | 1,241,446,000,000 |
Fair Value, Measurements, Recurring | Equity securities | Level 2 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 1,286,024,000,000 | 1,266,344,000,000 |
Fair Value, Measurements, Recurring | Equity securities | Level 3 | ||
Assets | ||
Debt Securities, Trading, and Equity Securities, FV-NI | 180,240,000,000 | 178,116,000,000 |
Fair Value, Measurements, Recurring | Real Estate Funds | Nonmarketable equity securities | ||
Liabilities | ||
Investment securities valued at net asset value | 32,322,000,000 | 29,308,000,000 |
Unfunded commitments | 1,018,000,000 | 1,305,000,000 |
Fair Value, Measurements, Recurring | Private equity and other funds | Nonmarketable equity securities | ||
Liabilities | ||
Investment securities valued at net asset value | 57,383,000,000 | 51,458,000,000 |
Unfunded commitments | ¥ 250,000,000 | ¥ 0 |
Fair Value (Reconciliation of A
Fair Value (Reconciliation of Assets and Liabilities Measured at Fair Value on Recurring Basis Using Level 3 Inputs) (Detail) - Fair Value, Measurements, Recurring - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | ¥ 1,684,359 | ¥ 1,219,735 |
Total gains (losses) for the period included in earnings, Assets | 142,283 | 106,083 |
Total gains (losses) for the period included in other comprehensive income, Assets | 22,966 | 45,565 |
Purchases, Assets | 734,536 | 604,609 |
Issues, Assets | (355) | (334) |
Sales, Assets | (2,100) | (23,902) |
Settlements, Assets | (160,381) | (181,103) |
Transfers into Level 3, Assets | 10,442 | 26,976 |
Transfers out of Level 3, Assets | (55,746) | (26,116) |
Level 3 assets, Ending balance | 2,376,004 | 1,771,513 |
Change in unrealized gains (losses) for assets still held at period end | 154,646 | 141,791 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 liabilities, Beginning balance | 141,867 | 16,463 |
Total gains (losses) for the period included in earnings, Liabilities | (24,475) | 54,070 |
Total gains (losses) for the period included in other comprehensive income, Liabilities | (5,791) | (10,269) |
Purchases, Liabilities | 0 | 0 |
Issues, Liabilities | 28,133 | 128,122 |
Sales, Liabilities | 0 | 0 |
Settlements, Liabilities | (54,619) | (19,043) |
Transfers into Level 3, Liabilities | 5,147 | 116,892 |
Transfers out of Level 3, Liabilities | (48,605) | (3,554) |
Level 3 liabilities, Ending balance | 102,189 | 195,079 |
Change in unrealized gains (losses) included in earnings for liabilities still held at period end | (6,980) | 58,483 |
Discontinued operations, held-for-sale | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 76,918 | |
Total gains (losses) for the period included in earnings, Assets | 3,928 | |
Total gains (losses) for the period included in other comprehensive income, Assets | 13,071 | |
Purchases, Assets | 1,120 | |
Issues, Assets | 0 | |
Sales, Assets | (1,158) | |
Settlements, Assets | (9,254) | |
Transfers into Level 3, Assets | 0 | |
Transfers out of Level 3, Assets | 0 | |
Level 3 assets, Ending balance | 84,625 | |
Change in unrealized gains (losses) for assets still held at period end | 15,113 | |
Obligation to return securities received as collateral | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 liabilities, Beginning balance | 68,204 | 0 |
Total gains (losses) for the period included in earnings, Liabilities | 0 | 0 |
Total gains (losses) for the period included in other comprehensive income, Liabilities | 0 | 0 |
Purchases, Liabilities | 0 | 0 |
Issues, Liabilities | 5,053 | 73,595 |
Sales, Liabilities | 0 | 0 |
Settlements, Liabilities | 0 | 0 |
Transfers into Level 3, Liabilities | 0 | 0 |
Transfers out of Level 3, Liabilities | 0 | 0 |
Level 3 liabilities, Ending balance | 73,257 | 73,595 |
Change in unrealized gains (losses) included in earnings for liabilities still held at period end | 0 | 0 |
Other | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 liabilities, Beginning balance | 73,663 | 16,463 |
Total gains (losses) for the period included in earnings, Liabilities | (24,475) | 54,070 |
Total gains (losses) for the period included in other comprehensive income, Liabilities | (5,791) | (10,269) |
Purchases, Liabilities | 0 | 0 |
Issues, Liabilities | 23,080 | 54,527 |
Sales, Liabilities | 0 | 0 |
Settlements, Liabilities | (54,619) | (19,043) |
Transfers into Level 3, Liabilities | 5,147 | 116,892 |
Transfers out of Level 3, Liabilities | (48,605) | (3,554) |
Level 3 liabilities, Ending balance | 28,932 | 121,484 |
Change in unrealized gains (losses) included in earnings for liabilities still held at period end | (6,980) | 58,483 |
Trading securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 1,182,319 | 797,997 |
Total gains (losses) for the period included in earnings, Assets | 149,674 | 125,172 |
Total gains (losses) for the period included in other comprehensive income, Assets | 0 | 0 |
Purchases, Assets | 494,881 | 333,302 |
Issues, Assets | 0 | 0 |
Sales, Assets | (626) | (21,408) |
Settlements, Assets | (9,895) | (9,255) |
Transfers into Level 3, Assets | 145 | 0 |
Transfers out of Level 3, Assets | 0 | (877) |
Level 3 assets, Ending balance | 1,816,498 | 1,224,931 |
Change in unrealized gains (losses) for assets still held at period end | 148,307 | 121,950 |
Trading account, debt securities | Foreign government and official institution bonds | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 1,168 | 1,711 |
Total gains (losses) for the period included in earnings, Assets | 122 | 57 |
Total gains (losses) for the period included in other comprehensive income, Assets | 0 | 0 |
Purchases, Assets | 7 | 5,712 |
Issues, Assets | 0 | 0 |
Sales, Assets | (7) | (5,765) |
Settlements, Assets | (1,140) | (250) |
Transfers into Level 3, Assets | 0 | 0 |
Transfers out of Level 3, Assets | 0 | (194) |
Level 3 assets, Ending balance | 150 | 1,271 |
Change in unrealized gains (losses) for assets still held at period end | (1) | 5 |
Trading account, debt securities | Corporate bonds | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 683 | |
Total gains (losses) for the period included in earnings, Assets | 0 | |
Total gains (losses) for the period included in other comprehensive income, Assets | 0 | |
Purchases, Assets | 0 | |
Issues, Assets | 0 | |
Sales, Assets | 0 | |
Settlements, Assets | 0 | |
Transfers into Level 3, Assets | 0 | |
Transfers out of Level 3, Assets | (683) | |
Level 3 assets, Ending balance | 0 | |
Change in unrealized gains (losses) for assets still held at period end | 0 | |
Trading account, debt securities | Asset-backed securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 668,911 | 315,231 |
Total gains (losses) for the period included in earnings, Assets | 108,122 | 72,667 |
Total gains (losses) for the period included in other comprehensive income, Assets | 0 | 0 |
Purchases, Assets | 345,917 | 324,375 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | (15,636) |
Settlements, Assets | (4,191) | (259) |
Transfers into Level 3, Assets | 0 | 0 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | 1,118,759 | 696,378 |
Change in unrealized gains (losses) for assets still held at period end | 107,898 | 71,580 |
Trading account, debt securities | Other debt securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 334,124 | 313,166 |
Total gains (losses) for the period included in earnings, Assets | 42,225 | 44,986 |
Total gains (losses) for the period included in other comprehensive income, Assets | 0 | 0 |
Purchases, Assets | 141,000 | 0 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | 0 | 0 |
Transfers into Level 3, Assets | 0 | 0 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | 517,349 | 358,152 |
Change in unrealized gains (losses) for assets still held at period end | 42,225 | 44,986 |
Trading account, equity securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 178,116 | 167,206 |
Total gains (losses) for the period included in earnings, Assets | (795) | 7,462 |
Total gains (losses) for the period included in other comprehensive income, Assets | 0 | 0 |
Purchases, Assets | 7,957 | 3,215 |
Issues, Assets | 0 | 0 |
Sales, Assets | (619) | (7) |
Settlements, Assets | (4,564) | (8,746) |
Transfers into Level 3, Assets | 145 | 0 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | 180,240 | 169,130 |
Change in unrealized gains (losses) for assets still held at period end | (1,815) | 5,379 |
Trading derivatives—net | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 81,096 | 71,089 |
Total gains (losses) for the period included in earnings, Assets | (12,416) | (24,159) |
Total gains (losses) for the period included in other comprehensive income, Assets | 1,836 | 1,775 |
Purchases, Assets | 4 | 612 |
Issues, Assets | (355) | (334) |
Sales, Assets | 0 | 0 |
Settlements, Assets | (10,117) | (19,889) |
Transfers into Level 3, Assets | 10,271 | 20,791 |
Transfers out of Level 3, Assets | (55,284) | (25,003) |
Level 3 assets, Ending balance | 15,035 | 24,882 |
Change in unrealized gains (losses) for assets still held at period end | (14,426) | (21,160) |
Trading derivatives—net | Interest rate contracts—net | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 48,629 | 37,493 |
Total gains (losses) for the period included in earnings, Assets | (16,890) | (39,744) |
Total gains (losses) for the period included in other comprehensive income, Assets | (1,036) | 30 |
Purchases, Assets | 0 | 0 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | 1,267 | (1,901) |
Transfers into Level 3, Assets | 10,595 | 20,612 |
Transfers out of Level 3, Assets | (53,445) | (25,017) |
Level 3 assets, Ending balance | (10,880) | (8,527) |
Change in unrealized gains (losses) for assets still held at period end | (18,757) | (33,999) |
Trading derivatives—net | Foreign exchange contracts—net | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 11,345 | 7,463 |
Total gains (losses) for the period included in earnings, Assets | (2,797) | 3,509 |
Total gains (losses) for the period included in other comprehensive income, Assets | 999 | 392 |
Purchases, Assets | 0 | 0 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | 417 | (4,200) |
Transfers into Level 3, Assets | (324) | 179 |
Transfers out of Level 3, Assets | 59 | 56 |
Level 3 assets, Ending balance | 9,699 | 7,399 |
Change in unrealized gains (losses) for assets still held at period end | (2,220) | 1,705 |
Trading derivatives—net | Equity contracts—net | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 16,928 | 23,420 |
Total gains (losses) for the period included in earnings, Assets | 8,065 | 10,723 |
Total gains (losses) for the period included in other comprehensive income, Assets | 1,874 | 1,355 |
Purchases, Assets | 4 | 19 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | (11,696) | (13,639) |
Transfers into Level 3, Assets | 0 | 0 |
Transfers out of Level 3, Assets | (116) | (42) |
Level 3 assets, Ending balance | 15,059 | 21,836 |
Change in unrealized gains (losses) for assets still held at period end | 7,327 | 9,785 |
Trading derivatives—net | Commodity contracts—net | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 91 | (45) |
Total gains (losses) for the period included in earnings, Assets | (128) | 26 |
Total gains (losses) for the period included in other comprehensive income, Assets | (1) | (2) |
Purchases, Assets | 0 | 0 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | (6) | (5) |
Transfers into Level 3, Assets | 0 | 0 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | (44) | (26) |
Change in unrealized gains (losses) for assets still held at period end | (128) | 27 |
Trading derivatives—net | Credit derivatives—net | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 3,739 | 2,729 |
Total gains (losses) for the period included in earnings, Assets | (661) | 1,236 |
Total gains (losses) for the period included in other comprehensive income, Assets | 0 | 0 |
Purchases, Assets | 0 | 0 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | (99) | (144) |
Transfers into Level 3, Assets | 0 | 0 |
Transfers out of Level 3, Assets | (1,782) | 0 |
Level 3 assets, Ending balance | 1,197 | 3,821 |
Change in unrealized gains (losses) for assets still held at period end | (648) | 1,232 |
Trading derivatives—net | Other | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 364 | 29 |
Total gains (losses) for the period included in earnings, Assets | (5) | 91 |
Total gains (losses) for the period included in other comprehensive income, Assets | 0 | 0 |
Purchases, Assets | 0 | 593 |
Issues, Assets | (355) | (334) |
Sales, Assets | 0 | 0 |
Settlements, Assets | 0 | 0 |
Transfers into Level 3, Assets | 0 | 0 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | 4 | 379 |
Change in unrealized gains (losses) for assets still held at period end | 0 | 90 |
Available-for-sale debt securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 253,932 | 212,936 |
Total gains (losses) for the period included in earnings, Assets | 1,677 | (1,096) |
Total gains (losses) for the period included in other comprehensive income, Assets | 20,568 | 30,227 |
Purchases, Assets | 205,826 | 170,610 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | (140,321) | (141,788) |
Transfers into Level 3, Assets | 26 | 1,405 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | 341,708 | 272,294 |
Change in unrealized gains (losses) for assets still held at period end | 18,299 | 23,794 |
Available-for-sale debt securities | Discontinued operations, held-for-sale | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 65,262 | |
Total gains (losses) for the period included in earnings, Assets | (1,261) | |
Total gains (losses) for the period included in other comprehensive income, Assets | 10,114 | |
Purchases, Assets | 93 | |
Issues, Assets | 0 | |
Sales, Assets | (1,158) | |
Settlements, Assets | (9,254) | |
Transfers into Level 3, Assets | 0 | |
Transfers out of Level 3, Assets | 0 | |
Level 3 assets, Ending balance | 63,796 | |
Change in unrealized gains (losses) for assets still held at period end | 7,456 | |
Available-for-sale debt securities | Foreign government and official institution bonds | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 11,890 | |
Total gains (losses) for the period included in earnings, Assets | 0 | |
Total gains (losses) for the period included in other comprehensive income, Assets | (925) | |
Purchases, Assets | 128 | |
Issues, Assets | 0 | |
Sales, Assets | 0 | |
Settlements, Assets | (11,093) | |
Transfers into Level 3, Assets | 0 | |
Transfers out of Level 3, Assets | 0 | |
Level 3 assets, Ending balance | 0 | |
Change in unrealized gains (losses) for assets still held at period end | 0 | |
Available-for-sale debt securities | Corporate bonds | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 1,970 | 3,089 |
Total gains (losses) for the period included in earnings, Assets | (2) | (42) |
Total gains (losses) for the period included in other comprehensive income, Assets | 203 | 210 |
Purchases, Assets | 0 | 1,824 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | (4) | (57) |
Transfers into Level 3, Assets | 26 | 1,255 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | 2,193 | 6,279 |
Change in unrealized gains (losses) for assets still held at period end | 201 | 165 |
Available-for-sale debt securities | Residential mortgage-backed securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 15 | 15 |
Total gains (losses) for the period included in earnings, Assets | 0 | 0 |
Total gains (losses) for the period included in other comprehensive income, Assets | 0 | 0 |
Purchases, Assets | 0 | 0 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | 0 | 0 |
Transfers into Level 3, Assets | 0 | 0 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | 15 | 15 |
Change in unrealized gains (losses) for assets still held at period end | 0 | 0 |
Available-for-sale debt securities | Asset-backed securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 182,938 | 124,379 |
Total gains (losses) for the period included in earnings, Assets | 1,597 | (1,125) |
Total gains (losses) for the period included in other comprehensive income, Assets | 15,841 | 21,490 |
Purchases, Assets | 205,611 | 168,312 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | (133,267) | (130,638) |
Transfers into Level 3, Assets | 0 | 0 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | 272,720 | 182,418 |
Change in unrealized gains (losses) for assets still held at period end | 13,492 | 14,106 |
Available-for-sale debt securities | Other debt securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 69,009 | 73,563 |
Total gains (losses) for the period included in earnings, Assets | 82 | 71 |
Total gains (losses) for the period included in other comprehensive income, Assets | 4,524 | 9,452 |
Purchases, Assets | 215 | 346 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | (7,050) | 0 |
Transfers into Level 3, Assets | 0 | 150 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | 66,780 | 83,582 |
Change in unrealized gains (losses) for assets still held at period end | 4,606 | 9,523 |
Equity securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 74,761 | 55,883 |
Total gains (losses) for the period included in earnings, Assets | 3,385 | 1,881 |
Total gains (losses) for the period included in other comprehensive income, Assets | 408 | 495 |
Purchases, Assets | 5,870 | 9,884 |
Issues, Assets | 0 | 0 |
Sales, Assets | (1,474) | (1,336) |
Settlements, Assets | 0 | (806) |
Transfers into Level 3, Assets | 0 | 2,855 |
Transfers out of Level 3, Assets | (462) | (236) |
Level 3 assets, Ending balance | 82,488 | 68,620 |
Change in unrealized gains (losses) for assets still held at period end | 2,503 | 1,737 |
Equity securities | Nonmarketable equity securities | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 74,761 | 55,883 |
Total gains (losses) for the period included in earnings, Assets | 3,385 | 1,881 |
Total gains (losses) for the period included in other comprehensive income, Assets | 408 | 495 |
Purchases, Assets | 5,870 | 9,884 |
Issues, Assets | 0 | 0 |
Sales, Assets | (1,474) | (1,336) |
Settlements, Assets | 0 | (806) |
Transfers into Level 3, Assets | 0 | 2,855 |
Transfers out of Level 3, Assets | (462) | (236) |
Level 3 assets, Ending balance | 82,488 | 68,620 |
Change in unrealized gains (losses) for assets still held at period end | 2,503 | 1,737 |
Other | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 92,251 | 4,912 |
Total gains (losses) for the period included in earnings, Assets | (37) | 357 |
Total gains (losses) for the period included in other comprehensive income, Assets | 154 | (3) |
Purchases, Assets | 27,955 | 89,081 |
Issues, Assets | 0 | 0 |
Sales, Assets | 0 | 0 |
Settlements, Assets | (48) | (111) |
Transfers into Level 3, Assets | 0 | 1,925 |
Transfers out of Level 3, Assets | 0 | 0 |
Level 3 assets, Ending balance | 120,275 | 96,161 |
Change in unrealized gains (losses) for assets still held at period end | ¥ (37) | 357 |
Other | Discontinued operations, held-for-sale | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Level 3 assets, Beginning balance | 11,656 | |
Total gains (losses) for the period included in earnings, Assets | 5,189 | |
Total gains (losses) for the period included in other comprehensive income, Assets | 2,957 | |
Purchases, Assets | 1,027 | |
Issues, Assets | 0 | |
Sales, Assets | 0 | |
Settlements, Assets | 0 | |
Transfers into Level 3, Assets | 0 | |
Transfers out of Level 3, Assets | 0 | |
Level 3 assets, Ending balance | 20,829 | |
Change in unrealized gains (losses) for assets still held at period end | ¥ 7,657 |
Fair Value (Quantitative Inform
Fair Value (Quantitative Information about Level 3 Fair Value Measurements) (Detail) - Fair Value, Measurements, Recurring - Level 3 ¥ in Millions | Sep. 30, 2023 JPY (¥) Year | Mar. 31, 2023 JPY (¥) Year |
Interest rate contracts—net | Option model | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Fair value | ¥ (10,880) | ¥ 48,209 |
Interest rate contracts—net | Option model | Correlation between interest rates | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.300 | 0.300 |
Interest rate contracts—net | Option model | Correlation between interest rates | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.603 | 0.606 |
Interest rate contracts—net | Option model | Correlation between interest rates | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.436 | 0.444 |
Interest rate contracts—net | Option model | Correlation between interest rate and foreign exchange rate | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.013 | 0.020 |
Interest rate contracts—net | Option model | Correlation between interest rate and foreign exchange rate | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.600 | 0.600 |
Interest rate contracts—net | Option model | Correlation between interest rate and foreign exchange rate | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.362 | 0.366 |
Interest rate contracts—net | Option model | Volatility | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.499 | 0.703 |
Interest rate contracts—net | Option model | Volatility | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.722 | 1.067 |
Interest rate contracts—net | Option model | Volatility | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.692 | 0.801 |
Foreign exchange contracts—net | Option model | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Fair value | ¥ 9,699 | ¥ 11,345 |
Foreign exchange contracts—net | Option model | Correlation between interest rates | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.300 | 0.300 |
Foreign exchange contracts—net | Option model | Correlation between interest rates | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.700 | 0.700 |
Foreign exchange contracts—net | Option model | Correlation between interest rates | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.510 | 0.506 |
Foreign exchange contracts—net | Option model | Correlation between interest rate and foreign exchange rate | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.200 | 0.143 |
Foreign exchange contracts—net | Option model | Correlation between interest rate and foreign exchange rate | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.600 | 0.600 |
Foreign exchange contracts—net | Option model | Correlation between interest rate and foreign exchange rate | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.370 | 0.368 |
Foreign exchange contracts—net | Option model | Volatility | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.106 | 0.106 |
Foreign exchange contracts—net | Option model | Volatility | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.219 | 0.230 |
Foreign exchange contracts—net | Option model | Volatility | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.145 | 0.156 |
Foreign exchange contracts—net | Option model | Correlation between foreign exchange rates | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.500 | 0.500 |
Foreign exchange contracts—net | Option model | Correlation between foreign exchange rates | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.706 | 0.706 |
Foreign exchange contracts—net | Option model | Correlation between foreign exchange rates | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.664 | 0.664 |
Equity contracts—net | Discounted cash flow | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Fair value | ¥ 7,470 | ¥ 13,612 |
Equity contracts—net | Discounted cash flow | Term of litigation | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | Year | 0.3 | 0.1 |
Equity contracts—net | Discounted cash flow | Term of litigation | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | Year | 0.8 | 1 |
Equity contracts—net | Discounted cash flow | Term of litigation | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | Year | 0.5 | 0.5 |
Equity contracts—net | Option model | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Fair value | ¥ 7,589 | ¥ 3,316 |
Equity contracts—net | Option model | Volatility | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.285 | 0.280 |
Equity contracts—net | Option model | Volatility | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.370 | 0.370 |
Equity contracts—net | Option model | Volatility | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.336 | 0.322 |
Equity contracts—net | Option model | Correlation between foreign exchange rate and equity | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | (0.584) | (0.584) |
Equity contracts—net | Option model | Correlation between foreign exchange rate and equity | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.300 | 0.550 |
Equity contracts—net | Option model | Correlation between foreign exchange rate and equity | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.100 | 0.150 |
Equity contracts—net | Option model | Correlation between equities | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.058 | 0.056 |
Equity contracts—net | Option model | Correlation between equities | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.950 | 0.950 |
Equity contracts—net | Option model | Correlation between equities | Median | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading derivatives—net, Significant unobservable inputs | 0.531 | 0.541 |
Residential mortgage-backed securities and Asset-backed securities | Discounted cash flow | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Fair value | ¥ 111,944 | ¥ 101,014 |
Residential mortgage-backed securities and Asset-backed securities | Discounted cash flow | Probability of default | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 1 | |
Residential mortgage-backed securities and Asset-backed securities | Discounted cash flow | Probability of default | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 1 | |
Residential mortgage-backed securities and Asset-backed securities | Discounted cash flow | Recovery rate | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 1 | |
Residential mortgage-backed securities and Asset-backed securities | Discounted cash flow | Recovery rate | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 1 | |
Residential mortgage-backed securities and Asset-backed securities | Internal model | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Fair value | ¥ 1,031,791 | ¥ 591,515 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Probability of default | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0 | 0 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Probability of default | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.990 | 0.990 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Probability of default | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0 | 0 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Recovery rate | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.577 | 0.722 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Recovery rate | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.577 | 0.722 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Asset correlations | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.030 | 0.030 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Asset correlations | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.030 | 0.030 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Discount factor | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.018 | 0.020 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Discount factor | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.020 | 0.023 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Discount factor | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.018 | 0.020 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Prepayment rate | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.139 | 0.131 |
Residential mortgage-backed securities and Asset-backed securities | Internal model | Prepayment rate | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.139 | 0.131 |
Other debt securities | Discounted cash flow | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Fair value | ¥ 565,788 | ¥ 385,046 |
Other debt securities | Discounted cash flow | Liquidity premium | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.009 | 0.009 |
Other debt securities | Discounted cash flow | Liquidity premium | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.032 | 0.032 |
Other debt securities | Discounted cash flow | Liquidity premium | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Trading securities and Investment securities, Significant unobservable inputs | 0.028 | 0.028 |
Fair Value (Carrying Value of A
Fair Value (Carrying Value of Assets Measured at Fair Value on Nonrecurring Basis by Level) (Detail) - Fair Value, Measurements, Nonrecurring - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ||
Investment securities | ¥ 54,442 | ¥ 26,637 |
Loans Receivable, Fair Value Disclosure | 752,310 | 616,360 |
Loans held for sale | 584,558 | 439,361 |
Collateral dependent loans | 167,752 | 176,999 |
Premises and equipment | 3,866 | 11,835 |
Intangible assets | 5,063 | 309 |
Goodwill | 0 | 184,364 |
Other assets | 62,774 | 207,595 |
Investments in equity method investees | 34,962 | 191,064 |
Other | 27,812 | 16,531 |
Total | 878,455 | 1,047,100 |
Investment securities valued at net asset value | 11,184 | 33,595 |
Unfunded commitments related to investment securities valued at net asset value | 18,170 | 23,029 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Loans Receivable, Fair Value Disclosure | 2,389 | 1,917 |
Loans held for sale | 0 | 0 |
Collateral dependent loans | 2,389 | 1,917 |
Premises and equipment | 0 | 0 |
Intangible assets | 0 | 0 |
Goodwill | 0 | 0 |
Other assets | 0 | 178,592 |
Investments in equity method investees | 0 | 178,592 |
Other | 0 | 0 |
Total | 2,389 | 180,509 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ||
Investment securities | 9,560 | 13,366 |
Loans Receivable, Fair Value Disclosure | 4,222 | 3,388 |
Loans held for sale | 0 | 0 |
Collateral dependent loans | 4,222 | 3,388 |
Premises and equipment | 0 | 0 |
Intangible assets | 0 | 0 |
Goodwill | 0 | 0 |
Other assets | 38,152 | 0 |
Investments in equity method investees | 33,222 | 0 |
Other | 4,930 | 0 |
Total | 51,934 | 16,754 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ||
Investment securities | 44,882 | 13,271 |
Loans Receivable, Fair Value Disclosure | 745,699 | 611,055 |
Loans held for sale | 584,558 | 439,361 |
Collateral dependent loans | 161,141 | 171,694 |
Premises and equipment | 3,866 | 11,835 |
Intangible assets | 5,063 | 309 |
Goodwill | 0 | 184,364 |
Other assets | 24,622 | 29,003 |
Investments in equity method investees | 1,740 | 12,472 |
Other | 22,882 | 16,531 |
Total | ¥ 824,132 | ¥ 849,837 |
Fair Value (Losses (Gains) Reco
Fair Value (Losses (Gains) Recorded as a Result of Changes in Fair Value Measured on a Nonrecurring Basis) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Mar. 31, 2022 | Mar. 31, 2023 | |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | ¥ 89,101 | ¥ 263,735 | ||
Loss on valuation adjustment for loans held for sale held by MUFG Union Bank | 0 | 209,107 | ||
Reversal of impairment of assets held for sale | 0 | 134,141 | ||
Disposal group, disposed of by sale, not discontinued operations | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | 0 | 209,107 | ||
Disposal group, disposed of by sale, not discontinued operations | MUFG Union Bank | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loans held for sale held by MUFG Union Bank | ¥ 134,141 | ¥ 134,141 | ||
Reversal of impairment of assets held for sale | 134,141 | |||
Investment securities | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | 8,971 | 505 | ||
Loans | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | 44,746 | (66) | ||
Loans | Loans held for sale | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | 11,096 | 451 | ||
Loans | Loans held for sale | Disposal group, disposed of by sale, not discontinued operations | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | 0 | 209,107 | ||
Loans | Collateral dependent loans | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | 33,650 | (517) | ||
Premises and equipment | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | 1,142 | 2,579 | ||
Intangible assets | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | 11,433 | 849 | ||
Other assets | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | 22,809 | 50,761 | ||
Other assets | Investments in equity method investees | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | 12,687 | 46,928 | ||
Other assets | Other | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||
Loss on valuation adjustment for loan held for sale | ¥ 10,122 | ¥ 3,833 |
Fair Value (Gains (Losses) Rela
Fair Value (Gains (Losses) Related to Instruments for which Fair Value Option was Elected) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Financial liabilities: | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | ¥ (3,025) | ¥ 54,149 |
Financial liabilities: | Trading account profits (losses) | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | (3,025) | 54,149 |
Financial liabilities: | Foreign exchange gains (losses) | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | 0 | 0 |
Financial liabilities: | Other short-term borrowings | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | 2,592 | (3,295) |
Financial liabilities: | Other short-term borrowings | Trading account profits (losses) | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | 2,592 | (3,295) |
Financial liabilities: | Other short-term borrowings | Foreign exchange gains (losses) | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | 0 | 0 |
Financial liabilities: | Long-term debt | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | (5,617) | 57,444 |
Financial liabilities: | Long-term debt | Trading account profits (losses) | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | (5,617) | 57,444 |
Financial liabilities: | Long-term debt | Foreign exchange gains (losses) | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | 0 | 0 |
Financial assets: | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | 1,165,907 | 905,675 |
Financial assets: | Trading account profits (losses) | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | (596,477) | (1,434,189) |
Financial assets: | Foreign exchange gains (losses) | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | 1,762,384 | 2,339,864 |
Financial assets: | Trading account securities | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | 1,165,907 | 905,675 |
Financial assets: | Trading account securities | Trading account profits (losses) | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | (596,477) | (1,434,189) |
Financial assets: | Trading account securities | Foreign exchange gains (losses) | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) on changes in fair value | ¥ 1,762,384 | ¥ 2,339,864 |
Fair Value (Differences between
Fair Value (Differences between Aggregate Fair Value and Aggregate Remaining Contractual Principal Balance Outstanding) (Detail) - JPY (¥) ¥ in Millions | Sep. 30, 2023 | Mar. 31, 2023 |
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Remaining aggregate contractual amounts outstanding, Financial liabilities | ¥ 363,840 | ¥ 501,982 |
Fair value | 339,840 | 431,338 |
Fair value over (under) remaining aggregate contractual amounts outstanding, Financial liabilities | (24,000) | (70,644) |
Long-term debt | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Remaining aggregate contractual amounts outstanding, Financial liabilities | 363,840 | 501,982 |
Fair value | 339,840 | 431,338 |
Fair value over (under) remaining aggregate contractual amounts outstanding, Financial liabilities | ¥ (24,000) | ¥ (70,644) |
Fair Value (Summary of Carrying
Fair Value (Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments Not Carried at Fair Value on Recurring Basis on Balance Sheets by Level) (Detail) - JPY (¥) ¥ in Billions | Sep. 30, 2023 | Mar. 31, 2023 |
Carrying amount | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and due from banks | ¥ 59,954 | ¥ 60,051 |
Interest-earning deposits in other banks | 48,957 | 53,990 |
Call loans and funds sold | 2,970 | 1,802 |
Receivables under resale agreements | 16,370 | 14,059 |
Receivables under securities borrowing transactions | 5,085 | 4,556 |
Investment securities | 24,657 | 21,520 |
Loans, net of allowance for credit losses | 123,110 | 118,679 |
Other financial assets | 11,564 | 10,108 |
Non-interest-bearing | 38,084 | 37,804 |
Interest-bearing | 205,757 | 197,500 |
Total deposits | 243,841 | 235,304 |
Call money and funds purchased | 3,854 | 3,438 |
Payables under repurchase agreements | 32,960 | 40,132 |
Payables under securities lending transactions | 1,017 | 1,138 |
Due to trust account and other short-term borrowings | 14,412 | 14,260 |
Long-term debt | 40,186 | 38,704 |
Other financial liabilities | 9,875 | 9,595 |
Carrying amounts of investments in equity method investees | 3,950 | 3,482 |
Estimated fair value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and due from banks | 59,954 | 60,051 |
Interest-earning deposits in other banks | 48,957 | 53,990 |
Call loans and funds sold | 2,970 | 1,802 |
Receivables under resale agreements | 16,370 | 14,059 |
Receivables under securities borrowing transactions | 5,085 | 4,556 |
Investment securities | 24,158 | 21,386 |
Loans, net of allowance for credit losses | 123,162 | 118,933 |
Other financial assets | 11,564 | 10,108 |
Non-interest-bearing | 38,084 | 37,804 |
Interest-bearing | 205,841 | 197,573 |
Total deposits | 243,925 | 235,377 |
Call money and funds purchased | 3,854 | 3,438 |
Payables under repurchase agreements | 32,960 | 40,132 |
Payables under securities lending transactions | 1,017 | 1,138 |
Due to trust account and other short-term borrowings | 14,412 | 14,260 |
Long-term debt | 39,045 | 37,928 |
Other financial liabilities | 9,875 | 9,595 |
Estimated fair value | Level 1 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and due from banks | 59,954 | 60,051 |
Interest-earning deposits in other banks | 0 | 0 |
Call loans and funds sold | 0 | 0 |
Receivables under resale agreements | 0 | 0 |
Receivables under securities borrowing transactions | 0 | 0 |
Investment securities | 14,654 | 13,527 |
Loans, net of allowance for credit losses | 2 | 2 |
Other financial assets | 0 | 0 |
Non-interest-bearing | 0 | 0 |
Interest-bearing | 0 | 0 |
Total deposits | 0 | 0 |
Call money and funds purchased | 0 | 0 |
Payables under repurchase agreements | 0 | 0 |
Payables under securities lending transactions | 0 | 0 |
Due to trust account and other short-term borrowings | 0 | 0 |
Long-term debt | 0 | 0 |
Other financial liabilities | 0 | 0 |
Estimated fair value | Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and due from banks | 0 | 0 |
Interest-earning deposits in other banks | 48,957 | 53,990 |
Call loans and funds sold | 2,970 | 1,802 |
Receivables under resale agreements | 16,370 | 14,059 |
Receivables under securities borrowing transactions | 5,085 | 4,556 |
Investment securities | 6,761 | 5,354 |
Loans, net of allowance for credit losses | 288 | 263 |
Other financial assets | 11,564 | 10,108 |
Non-interest-bearing | 38,084 | 37,804 |
Interest-bearing | 205,841 | 197,573 |
Total deposits | 243,925 | 235,377 |
Call money and funds purchased | 3,854 | 3,438 |
Payables under repurchase agreements | 32,960 | 40,132 |
Payables under securities lending transactions | 1,017 | 1,138 |
Due to trust account and other short-term borrowings | 14,412 | 14,260 |
Long-term debt | 39,045 | 37,928 |
Other financial liabilities | 9,875 | 9,595 |
Estimated fair value | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and due from banks | 0 | 0 |
Interest-earning deposits in other banks | 0 | 0 |
Call loans and funds sold | 0 | 0 |
Receivables under resale agreements | 0 | 0 |
Receivables under securities borrowing transactions | 0 | 0 |
Investment securities | 2,743 | 2,505 |
Loans, net of allowance for credit losses | 122,872 | 118,668 |
Other financial assets | 0 | 0 |
Non-interest-bearing | 0 | 0 |
Interest-bearing | 0 | 0 |
Total deposits | 0 | 0 |
Call money and funds purchased | 0 | 0 |
Payables under repurchase agreements | 0 | 0 |
Payables under securities lending transactions | 0 | 0 |
Due to trust account and other short-term borrowings | 0 | 0 |
Long-term debt | 0 | 0 |
Other financial liabilities | ¥ 0 | ¥ 0 |
Investments in Equity Method _3
Investments in Equity Method Investees (Summarized Operating Results of Morgan Stanley) (Detail) - JPY (¥) ¥ in Millions | 6 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Equity Method Investment, Summarized Financial Information, Income and Loss | ||
Net income applicable to Morgan Stanley | ¥ 268,458 | ¥ (951,395) |
Morgan Stanley | ||
Equity Method Investment, Summarized Financial Information, Income and Loss | ||
Net revenues | 3,769,000 | 3,499,000 |
Total non-interest expenses | 2,887,000 | 2,582,000 |
Income from continuing operations before income taxes | 840,000 | 899,000 |
Net income applicable to Morgan Stanley | ¥ 647,000 | ¥ 687,000 |
Subsequent Events (Narrative) (
Subsequent Events (Narrative) (Detail) - Subsequent Event - JPY (¥) ¥ / shares in Units, ¥ in Millions | Nov. 30, 2023 | Nov. 14, 2023 |
Subsequent Event [Line Items] | ||
Number of shares authorized to be repurchased (in shares) | 400,000,000 | |
Stock repurchase program, authorized amount | ¥ 400,000 | |
Treasury stock, shares retired (in shares) | 350,000,000 | |
Common Stock | ||
Subsequent Event [Line Items] | ||
Dividends payable (in Yen per share) | ¥ 20.5 | |
Dividends payable, total amount | ¥ 247,101 | |
Shares repurchased as % of total shares | 3.30% |