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MUFG

Mitsubishi UFJ Financial Group, Inc.

MUFG

Mitsubishi UFJ Financial Group, Inc. • NYSE
$15.78 ▼ -0.19% (-0.03)
Market Cap $181.49 B
52w High $16.24
52w Low $10.46
Dividend Yield 0.43%
P/E 15.03
Volume 2.29M
Outstanding Shares 11.50B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $3.261T ▲ $778.096B ▼ $746.887B ▲ 22.901% ▲ $65.59 ▲ $1.042T ▲
Q1-2026 $2.953T ▲ $845.708B ▼ $546.068B ▲ 18.491% ▲ $47.55 ▲ $728.615B ▲
Q4-2025 $2.893T ▼ $1.907T ▲ $114.007B ▼ 3.941% ▼ $10.89 ▼ $144.54B ▼
Q3-2025 $3.144T ▲ $953.357B ▲ $490.744B ▼ 15.611% ▼ $41.84 ▼ $664.245B ▼
Q2-2025 $3.121T $777.143B $702.301B 22.503% $59.88 $1.006T

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $94.089T ▼ $404.318T ▲ $382.08T ▲ $20.878T ▲
Q1-2026 $105.202T ▼ $401.041T ▼ $379.784T ▼ $20.019T ▼
Q4-2025 $154.095T ▲ $413.114T ▼ $391.385T ▼ $20.52T ▲
Q3-2025 $106.777T ▼ $413.193T ▲ $391.571T ▲ $20.382T ▼
Q2-2025 $108.002T $399.058T $377.38T $20.47T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $746.887B ▲ $0 $0 $0 $0 $0
Q1-2026 $546.068B ▲ $0 $0 $0 $0 $0
Q4-2025 $114.007B ▼ $0 $0 $0 $0 $0
Q3-2025 $490.744B ▼ $0 $0 $0 $0 $0
Q2-2025 $702.301B $0 $0 $0 $0 $0

Revenue by Products

Product Q2-2021Q4-2021Q2-2022Q4-2022
Credit Card
Credit Card
 $96.13Bn ▲$103.49Bn ▲$99.74Bn ▼$107.34Bn ▲
Deposit Account
Deposit Account
 $26.22Bn ▲$23.91Bn ▼$25.85Bn ▲$25.18Bn ▼
Fiduciary and Trust
Fiduciary and Trust
 $61.00Bn ▲$64.66Bn ▲$66.12Bn ▲$67.20Bn ▲
Foreign Trading Business
Foreign Trading Business
 $29.20Bn ▲$50.16Bn ▲$33.90Bn ▼$22.44Bn ▼
Guarantees
Guarantees
 $22.80Bn ▲$21.09Bn ▼$22.43Bn ▲$23.42Bn ▲
Insurance Commissions
Insurance Commissions
 $19.44Bn ▲$22.67Bn ▲$20.76Bn ▼$21.59Bn ▲
Investment Advisory Management and Administrative Service
Investment Advisory Management and Administrative Service
 $106.19Bn ▲$129.31Bn ▲$145.66Bn ▲$140.89Bn ▼
Other Fees And Commissions
Other Fees And Commissions
 $121.12Bn ▲$172.48Bn ▲$148.02Bn ▼$200.94Bn ▲
Real Estate
Real Estate
 $13.92Bn ▲$34.19Bn ▲$20.39Bn ▼$45.22Bn ▲
Remittances and Transfers
Remittances and Transfers
 $82.13Bn ▲$83.16Bn ▲$83.03Bn ▼$74.21Bn ▼
Security Related Services
Security Related Services
 $121.63Bn ▲$122.39Bn ▲$132.16Bn ▲$132.37Bn ▲

Five-Year Company Overview

Income Statement

Income Statement MUFG’s income statement shows a clear upward trend in business performance over the past several years. Revenue has grown steadily, and profits have increased even faster than sales, suggesting better efficiency and cost control. Operating profit and earnings before interest and depreciation have both strengthened, indicating healthier core banking operations and improved profitability across the group. Net income and earnings per share have risen meaningfully, pointing to stronger returns for shareholders. Overall, profitability has been moving in the right direction, with the bank converting more of its revenue into bottom-line profit than it did a few years ago.

Balance Sheet

Balance Sheet The balance sheet reflects a very large, steadily expanding financial institution. Total assets have grown consistently, in line with MUFG’s role as a major global bank. Cash and liquid holdings remain very high, giving the group flexibility and resilience. Equity has been building over time, which supports balance sheet strength and regulatory capital. The notable feature is the jump in reported debt in the most recent year after a period of lower leverage. For a bank, this likely reflects changes in funding mix and balance sheet structure rather than simple “borrowing up,” but it does point to a more levered profile than just a year earlier. Overall, MUFG still looks solidly capitalized, but the recent shift in funding is worth monitoring.

Cash Flow

Cash Flow Cash flow is more volatile than the income statement, which is common for large banks because lending and deposit flows move cash in big swings from year to year. MUFG generated very strong operating cash flow earlier in the period, then saw a sharp negative swing in one year before returning to a roughly breakeven level most recently. Free cash flow followed the same pattern. Capital spending has been modest and quite stable, suggesting MUFG is not heavily reliant on large physical investments; most of its growth appears to come from financial activities and technology spending that runs through operating expenses rather than classic capital expenditures. The key point is that cash flows can look lumpy even when earnings are trending steadily upward.

Competitive Edge

Competitive Edge MUFG holds a powerful competitive position as one of Japan’s largest banks and a significant global financial group. Its scale, brand, and long-standing customer relationships provide a strong base of stable deposits and recurring business. The alliance and equity stake in Morgan Stanley give MUFG access to global investment banking and wealth management capabilities that are hard to replicate, enhancing its product breadth and cross-border reach. Domestically, it competes in a crowded market with other mega-banks, but its deep corporate relationships and broad product set create meaningful switching costs for large clients. Internationally, MUFG benefits from diversification across regions and business lines, though it also faces intense competition from global peers and new digital challengers. Overall, the moat is built on size, reputation, and partnerships rather than on pricing power alone.

Innovation and R&D

Innovation and R&D MUFG appears to be leaning into technology as a core part of its future strategy rather than treating it as a side effort. The cloud partnership with Amazon Web Services, experiments with generative AI and machine learning, and 24/7 digital lending services all point to a serious push to modernize operations and improve customer experience. The planned AI-driven digital bank and the integrated “M‑tto” retail brand show MUFG is trying to defend and grow its retail franchise by offering app-centric, personalized services similar to neobanks. The Progmat platform for tokenized securities and stablecoins positions MUFG at the forefront of digital assets and blockchain infrastructure in Japan, which could turn into a distinctive advantage if adoption scales. In parallel, the bank is committing heavily to sustainable finance, aligning itself with long-term environmental and social themes. The main execution risks are adoption, regulation, and the challenge of integrating new tech into a very large, traditional organization.

Summary

MUFG’s recent financial history shows a large bank improving its profitability and gradually strengthening its equity base while modestly expanding its balance sheet. Earnings trends are positive, even though cash flows look choppy, which is typical for a diversified bank. The group’s competitive position rests on scale, a dominant home-market presence, global reach, and a valuable partnership with Morgan Stanley. At the same time, MUFG is making a concerted push into digital banking, AI, cloud, blockchain-based platforms, and sustainable finance, aiming to secure relevance in a rapidly changing financial landscape. The opportunity lies in successfully translating these initiatives into deeper customer relationships and new revenue streams, while the key risks revolve around execution, competition from both mega-banks and fintechs, and the inherent cyclicality and regulatory sensitivity of global banking.

NEWS

November 25, 2025 · 10:29 AM UTC

MUFG Rings Closing at New York Stock Exchange

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November 12, 2025 · 9:13 AM UTC

MUFG Leads Inaugural $750 Million Credit Facility for Willis Mitsui Joint Venture

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September 25, 2025 · 9:00 AM UTC

MUFG Enhances Securitisation Capabilities in EMEA With Support From Entegra

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September 17, 2025 · 7:00 AM UTC

Mitsubishi UFJ Financial Group and Clearbrook, LLC Launch MUFG's First ETF; Listed on the New York Stock Exchange

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September 2, 2025 · 10:43 AM UTC

MUFG Announces $75 Million Financing for EarnIn

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