# Mitsubishi UFJ Financial Group, Inc.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第21期(2025/04/01－2026/03/31) (S100YJQO)
> Page: https://vizora.meequs.com/en/company/mitsubishi-ufj-financial-group
> Retrieved: 2026-09-30T17:11:22.937Z

## Company

MUFG, founded in 2000, is a company in Major Banks listed on TSE Prime. It has 161,576 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Mitsubishi UFJ Financial Group, Inc. |
| Ticker | 8306 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8306.T) |
| Listing | TSE Prime |
| Head office | 東京都千代田区丸の内一丁目4番5号 |
| Representative (per filing) | 代表執行役社長 半沢淳一 |
| Founded | Apr 2000 |
| Employees (consolidated) | 161,576 |
| Average salary (parent only) | ¥11.7M |
| Fiscal year end | March |
| Corporate number | 4010001073486 |
| EDINET | E03606 |
| Industries (Vizora) | Major Banks |

> Profile source: annual securities report (S100YJQO, filed 2026-06-24). As of filing

## Key points (generated from figures)

- MUFG brought in ¥14.6T in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥23 is left as ordinary profit.
- Ordinary revenue changed +7.3% from the prior year, ordinary profit +27.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥14.6T |  |
| Ordinary income | ¥3.41T | Margin 23.3% |
| Net income | ¥2.43T | Margin 16.6% |
| Employees (consolidated) | 161,576 |  |
| EPS | ¥116.15 |  |
| Diluted EPS | ¥212.33 |  |
| Book value per share | ¥764.77 |  |
| Equity ratio | 5.1% |  |
| Shares outstanding | 11,867,710,920 |  |
| Treasury shares | 571,362,600 |  |
| Shareholders | 1,385,843 |  |
| Average salary (parent only) | ¥11.7M | Filing company only |

## Notable figures

- FY2026, revenue is 2.4× its level five years ago

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥6025336000000 | ¥14620843000000 | +142.7% |
| Employees | 138,161 people | 161,576 people | +16.9% |
| Cash and equivalents | ¥102980711000000 | ¥90045500000000 | -12.6% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 14,620,843 | 100.0% | S100YJQO |
| Ordinary expenses | 11,210,651 | 76.7% | S100YJQO |
| Ordinary income | 3,410,192 | 23.3% | S100YJQO |
| Extraordinary income | 48,661 | 0.3% | S100YJQO |
| Extraordinary loss | 136,692 | 0.9% | S100YJQO |
| Pretax income | 3,322,161 | 22.7% | S100YJQO |
| Income tax | 761,648 | 5.2% | S100YJQO |
| Net income | 2,560,512 | 17.5% | S100YJQO |
| Net income attributable to owners | 2,427,229 | 16.6% | S100YJQO |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 77 |
| Ordinary income | 23 |
| (Ref.) Net income | 17 |

### Margin funnel

Ordinary margin 23.3% → Net margin 16.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +7.3%; Core profit growth: +27.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 3.82×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 13,629,997 | 14,620,843 | 990,846 | +7.3% |
| Net income attributable to owners | 1,862,946 | 2,427,229 | 564,283 | +30.3% |
| Operating cash flow | 6,415 | -23,064,420 | -23,070,835 | -359638.9% |
| Free cash flow | -450,286 | -23,737,555 | -23,287,269 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 5,979,568 | — | — | 926,440 | 6,403,088 | — | S100LT95 |
| FY ending Mar 2018 | 6,068,061 | — | — | 989,664 | 12,310,778 | — | S100OG6F |
| FY ending Mar 2019 | 6,697,402 | — | — | 872,689 | 5,609,305 | — | S100R4ZI |
| FY ending Mar 2020 | 7,299,078 | — | — | 528,151 | 8,060,840 | 7,614,811 | S100LT95 |
| FY ending Mar 2021 | 6,025,336 | — | — | 777,018 | 34,904,946 | 34,508,156 | S100OG6F |
| FY ending Mar 2022 | 6,075,887 | — | — | 1,130,840 | 9,839,899 | 9,455,896 | S100R4ZI |
| FY ending Mar 2023 | 9,281,027 | — | — | 1,116,496 | 13,431,773 | 13,030,148 | S100TRA1 |
| FY ending Mar 2024 | 11,890,350 | — | — | 1,490,781 | -9,844,860 | -10,307,667 | S100W4FB |
| FY ending Mar 2025 | 13,629,997 | — | — | 1,862,946 | 6,415 | -450,286 | S100YJQO |
| FY ending Mar 2026 | 14,620,843 | — | — | 2,427,229 | -23,064,420 | -23,737,555 | S100YJQO |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥90.5M |
| Net income per employee (consolidated) | ¥15M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 135,049 | 127,122 | 145,412 | 156,253 | 161,576 |
| Average salary (parent company) | ¥10.3M | ¥10.4M | ¥10.5M | ¥10.9M | ¥11.7M |
| Average age (parent company) | 40.1 years | 40.1 years | 40.0 years | 40.1 years | 40.3 years |
| Average tenure (parent company) | 14.1 years | 15.0 years | 14.4 years | 13.1 years | 13.5 years |

Year over year: Employees (consolidated) +3.4% · Revenue (consolidated) +7.3%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -23,064,420 | -157.8% | S100YJQO |
| Capital expenditure | 673,135 | 4.6% | S100YJQO |
| Free cash flow | -23,737,555 | -162.4% | 算出 |
| Investing cash flow | 4,473,959 | 30.6% | S100YJQO |
| Financing cash flow | -1,149,876 | -7.9% | S100YJQO |
| Dividends paid | 848,401 | 5.8% | S100YJQO |
| Share buyback | 500,212 | 3.4% | S100YJQO |
| Change in cash | -19,049,937 | -130.3% | S100YJQO |
| Cash and equivalents | 90,045,500 | 615.9% | S100YJQO |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社(信託口) | Major shareholder | 15.6% | 2026-03-31 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 5.4% | 2026-03-31 |
| THE BANK OF NEW YORK MELLON AS DEPOSITARY BANK FOR DR HOLDERS(常任代理人 株式会社三菱ＵＦＪ銀行) | Major shareholder | 3.0% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 2.7% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社(明治安田生命保険相互会社・退職給付信託口) | Major shareholder | 1.5% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 1.5% | 2026-03-31 |
| GOVERNMENT OF NORWAY(常任代理人 シティバンク、エヌ・エイ東京支店) | Major shareholder | 1.4% | 2026-03-31 |
| 日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社) | Major shareholder | 1.3% | 2026-03-31 |
| JP MORGAN CHASE BANK 385642(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 1.2% | 2026-03-31 |
| THE BANK OF NEW YORK MELLON140042(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 1.0% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue reached ¥14.6T (+7.3%) and net income ¥2.43T (+30.3%).
- The swing came from Global Markets, whose loss almost disappeared.
- Global Commercial Banking was the only business unit to earn less than the year before.
- Operating cash flow was an outflow of -¥23.1T, because call money and borrowings fell.

### Drivers

- A large improvement in Global Markets' net operating profit
- Higher profit at Global CIB and at Commercial Banking & Wealth Management
- More interest from loans and securities, and more fee income

### Risks

- Rising rates worldwide could deepen losses on bond holdings and squeeze capital
- A market shock could dry up foreign-currency funding or make it much pricier
- A sharp global slowdown, or credit trouble in industries where lending is concentrated, could lift loan-loss costs

Cited: Annual securities report (FY ending Mar 2026) (経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析); Annual securities report (FY ending Mar 2026) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第21期(2025/04/01－2026/03/31) | S100YJQO | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJQO,, |
| 有価証券報告書－第20期(2024/04/01－2025/03/31) | S100W4FB | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W4FB,, |
| 有価証券報告書－第19期(2023/04/01－2024/03/31) | S100TRA1 | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRA1,, |
| 有価証券報告書－第18期(2022/04/01－2023/03/31) | S100R4ZI | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R4ZI,, |
| 有価証券報告書－第17期(令和3年4月1日－令和4年3月31日) | S100OG6F | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OG6F,, |
| 有価証券報告書－第16期(令和2年4月1日－令和3年3月31日) | S100LT95 | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LT95,, |

## Key alliances (from the filing's material contracts)

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| Shriram Finance Limited | Capital alliance | 三菱UFJ銀行が20%出資し戦略的提携（インドのノンバンク） | S100YJQO |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).