Mitsubishi UFJ Financial Group (MUFG) reported net income attributable to shareholders of ¥1.73tn for the year to March 2026, up 36.5% from ¥1.27tn a year earlier. The increase outpaced a 9.5% rise in total revenue, to ¥11.87tn from ¥10.84tn, and a 12.3% rise in non-interest expense, to ¥4.20tn from ¥3.74tn. Income before income taxes rose to ¥2.51tn from ¥1.80tn.
Earnings per share climbed to ¥151.74 from ¥108.71, and diluted earnings per share rose to ¥151.09 from ¥108.18. Average shares outstanding fell to 11.40bn from 11.65bn a year earlier.
| Metric | Year to March 2025 | Year to March 2026 |
|---|---|---|
| Total revenue | ¥10.84tn | ¥11.87tn |
| Net income attributable to shareholders | ¥1.27tn | ¥1.73tn |
| Earnings per share | ¥108.71 | ¥151.74 |
| Total assets | ¥405.94tn | ¥425.58tn |
| Shareholders' equity | ¥18.29tn | ¥19.57tn |
| Net interest income | ¥3.09tn | ¥3.68tn |
| Non-interest income | ¥2.57tn | ¥3.25tn |
| Non-interest expense | ¥3.74tn | ¥4.20tn |
Two revenue lines drove the improvement. Net interest income rose 19.3% to ¥3.68tn from ¥3.09tn, and non-interest income rose 26.6% to ¥3.25tn from ¥2.57tn. Comprehensive income attributable to shareholders, which adds currency translation and pension adjustments to net income, rose to ¥2.63tn from ¥1.59tn.
The balance sheet expanded alongside earnings. Total assets rose to ¥425.58tn from ¥405.94tn, and shareholders' equity rose to ¥19.57tn from ¥18.29tn.
Cash movements told a different story. Operating activities used ¥3.37tn in cash, reversing a ¥1.03tn inflow the year before, and financing activities used ¥14.96tn in cash, compared with a ¥1.41tn inflow a year earlier. Cash and cash equivalents at year-end fell to ¥90.38tn from ¥109.30tn.
The numbers come from a US GAAP earnings release MUFG files alongside its annual Form 20-F report to the US Securities and Exchange Commission. MUFG's domestic financial disclosures and reports to Japan's banking regulators are prepared under Japanese accounting standards, so the two sets of figures are not directly comparable, and this release covers only part of the fuller US GAAP financial information contained in the Form 20-F. The filing's forward-looking-statement notice lists interest rates, credit costs, market volatility, and cybersecurity among the factors that could cause future results to differ from current expectations.