Premises and Equipment

12 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT

Premises and equipment at March 31, 2023 and 2024 consisted of the following:

	2023		2024
	(in millions)
Land	¥	393,932	¥	389,349
Buildings	800,821		798,542
Equipment and furniture	509,828		556,956
Leasehold improvements	255,712		267,614
Construction in progress	34,679		29,595
Total	1,994,972		2,042,056
Less accumulated depreciation	1,134,394		1,169,029
Premises and equipment-net	¥	860,578	¥	873,027

For the fiscal years ended March 31, 2022, 2023 and 2024, the MUFG Group recognized ¥6,574 million, ¥5,317 million and ¥2,941 million, respectively, of impairment losses for long-lived assets, primarily real estate which was either formerly used for its banking operations and is no longer used or real estate that is being used where recovery of the carrying amount is doubtful. In addition, ¥58 million, ¥174 million and ¥5,468 million of impairment losses were recognized for real estate held for sale for the fiscal years ended March 31, 2022, 2023 and 2024, respectively. These losses are included in Other non-interest expenses. In computing the amount of impairment losses, fair value was determined primarily based on market prices, if available, or the estimated price based on an appraisal.