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Due to Trust Account, Short-term Borrowings and Long-term Debt
 12 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Due to Trust Account, Short-term Borrowings and Long-term Debt DUE TO TRUST ACCOUNT, SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Mitsubishi UFJ Trust and Banking holds assets on behalf of its customers in an agent, fiduciary or trust capacity. Such trust account assets are not the MUFG Group’s proprietary assets and are managed and accounted for separately.
However, excess cash funds of individual trust accounts are often placed with Mitsubishi UFJ Trust and Banking which manages the funds together with its own funds in its proprietary account. Due to trust account reflects a temporary placement of the excess funds from individual trust accounts and, in view of the MUFG Group’s funding, due to trust account is similar to short-term funding, including demand deposits and other overnight funds purchased. The balance changes in response to the day-to-day changes in the excess funds placed by the trust accounts. A summary of due to trust account transactions at March 31, 2023 and 2024 is as follows:
 20232024
 
(in millions, except percentages)
Amount outstanding at end of fiscal year¥5,871,244 ¥4,659,456 
Weighted average interest rate on outstanding balance at end of fiscal year0.00 %0.00 %
At March 31, 2023 and 2024, the MUFG Group had unused lines of credit for financing amounting to ¥3,321,061 million and ¥3,943,240 million, respectively. The amounts principally consist of pooled collateral which are used to cover shortages in the Bank of Japan account and to meet liquidity needs. The MUFG Group may borrow from the Bank of Japan on demand up to the total amount of collateral eligible for credit extension.
Other short-term borrowings at March 31, 2023 and 2024 were comprised of the following:
 20232024
 (in millions, except percentages)
Domestic offices: 
Commercial paper¥1,123,528 ¥1,319,959 
Borrowings from the Bank of Japan1,186,251 2,171,660 
Borrowings from other financial institutions95,785 96,645 
Other(1)
976,832 1,168,468 
Total domestic offices3,382,396 4,756,732 
Foreign offices:
Commercial paper4,771,323 6,160,424 
Borrowings from other financial institutions160,292 194,119 
Short-term debentures21,338 12,491 
Other105,501 13,725 
Total foreign offices5,058,454 6,380,759 
Total8,440,850 11,137,491 
Less unamortized discount2,836 — 
Other short-term borrowings—net¥8,438,014 ¥11,137,491 
Weighted average interest rate on outstanding balance at end of fiscal year2.83 %3.02 %

Note:
(1)Includes borrowings from the jointly operated designated money in trusts.
Long-term debt (with original maturities of more than one year) at March 31, 2023 and 2024 was comprised of the following:
 20232024
 (in millions)
MUFG:   
Obligations under finance leases¥1,720 ¥377 
Unsubordinated debt (1):
Fixed rate bonds, payable in US dollars, due 2024-2039, principally 0.95%-5.72%
7,226,689 7,672,722 
Fixed rate bonds, payable in Euro, due 2024-2033, principally 0.34%-3.56%
578,508 566,150 
Fixed rate bonds, payable in other currencies, due 2024-2029, principally 2.08%-4.05% (2)
37,425 41,488 
Adjustable rate bonds, payable in Japanese yen, due 2025-2034, principally 0.14%-1.47%
451,500 545,200 
Adjustable rate bonds, payable in Euro, due 2025-2031, principally 0.34%-4.64%
408,016 538,692 
Adjustable rate borrowings, payable in Japanese yen, due 2029-2037, principally 0.91%-1.86%
272,000 245,000 
Floating rate bonds, payable in US dollars, due 2025-2026, principally 6.26%-6.99%
400,487 249,827 
Floating rate bonds, payable in Euro, due 2023, principally 3.25%
51,002 — 
Floating rate bonds, payable in other currencies, due 2024, principally 5.61% (2)
35,876 39,444 
Total9,461,503 9,898,523 
Subordinated debt (1):
Fixed rate bonds, payable in Japanese yen, due 2024-2034, principally 0.37%-1.67%
872,810 937,805 
Fixed rate bonds, payable in US dollars, no stated maturity, principally 8.20%
— 117,692 
Fixed rate borrowings, payable in Japanese yen, due 2025-2028, principally 0.57%-0.79%
86,000 86,000 
Adjustable rate bonds, payable in Japanese yen, due 2029-2034, principally 0.29%-1.21%
908,541 963,219 
Adjustable rate bonds, payable in Japanese yen, no stated maturity, principally 0.82%-2.50%
1,366,633 1,983,789 
Adjustable rate borrowings, payable in Japanese yen, due 2029-2032, principally 0.30%-0.72%
34,000 34,000 
Adjustable rate borrowings, payable in Japanese yen, no stated maturity, principally 0.85%-2.84%
94,856 175,675 
Total3,362,840 4,298,180 
Total12,826,063 14,197,080 
MUFG Bank:
Obligations under finance leases¥4,652 ¥4,567 
Unsubordinated debt (1):
Fixed rate bonds, payable in Japanese yen, due 2024-2027, principally 0.63%-2.34%
37,300 17,200 
Fixed rate bonds, payable in US dollars, due 2024-2052, principally 0.00%-4.70%
1,073,796 1,060,184 
Fixed rate bonds, payable in Euro, due 2033, principally 1.81%
6,557 7,346 
Fixed rate borrowings, payable in Japanese yen, due 2024-2028, principally 0.00%-0.26%
20,582,218 20,186,175 
Fixed rate borrowings, payable in US dollars, due 2030-2035, principally 2.93%-3.81%
7,601 14,332 
Adjustable rate borrowings, payable in US dollars, due 2024, principally 5.83%
86,127 167,308 
Floating rate borrowings, payable in US dollars, due 2024-2035, principally 0.00%-6.71%
671,936 628,297 
Floating rate borrowings, payable in Euro, due 2029-2036, principally 4.08%-4.51%
100,065 93,781 
Total22,565,600 22,174,623 
Subordinated debt (1):
Fixed rate bonds, payable in Japanese yen, due 2025-2031, principally 1.95%-2.91%
175,500 176,000 
Fixed rate borrowings, payable in Japanese yen, due 2025-2035, principally 0.47%-2.24%
59,500 41,500 
Adjustable rate borrowings, payable in Japanese yen, due 2028, principally 1.09%
10,000 10,000 
Floating rate borrowings, payable in Japanese yen, due 2027, principally 0.27%
15,000 15,000 
Total260,000 242,500 
Obligations under loan securitization transaction accounted for as secured borrowings due 2024-2080, principally 0.13%-10.07%
445,821 360,081 
Total23,276,073 22,781,771 
 20232024
 (in millions)
Other subsidiaries:   
Obligations under finance leases¥13,098 ¥21,427 
Unsubordinated debt (1):
Fixed rate borrowings, bonds and notes, payable in Japanese yen, due 2024-2051, principally 0.00%-14.30%
1,012,649 1,051,354 
Fixed rate borrowings, bonds and notes, payable in US dollars, due 2024-2036, principally 0.00%-19.05%
95,593 61,861 
Fixed rate borrowings, payable in Euro, due 2026-2030, principally 0.00%
1,148 1,004 
Fixed rate borrowings, bonds and notes, payable in Thai baht, due 2024-2028, principally 0.00%-6.10%
154,698 255,369 
Fixed rate borrowings, bonds and notes, payable in other currencies, due 2024-2037, principally 0.50%-10.50%(2)
322,457 389,517 
Floating/Adjustable rate borrowings, bonds and notes, payable in Japanese yen, due 2024-2054, principally 0.00%-34.40%
1,009,268 683,131 
Floating/Adjustable rate borrowings, bonds and notes, payable in US dollars, due 2024-2032, principally 0.00%-42.00%
103,125 146,034 
Adjustable rate bonds and notes, payable in Euro, due 2024, principally 0.10%
193 170 
Floating rate borrowings, payable in other currencies, due 2024-2025, principally 6.46%-9.94% (2)
— 59,762 
Total
2,699,131 2,648,202 
Subordinated debt (1):
Fixed rate borrowings, bonds and notes, payable in Japanese yen, due 2025-2030, principally 1.92%-2.61%
34,700 30,000 
Fixed rate bonds and notes, payable in US dollars, due 2027-2030, principally 7.50%-8.00%
2,329 2,223 
Fixed rate bonds and notes, payable in Thai baht, due 2029-2032, principally 3.00%-4.30%
231,138 251,210 
Floating rate bonds and notes, payable in US dollars, due 2028, principally 12.62%
5,253 5,654 
Total273,420 289,087 
Total2,985,649 2,958,716 
Total39,087,785 39,937,567 
Debt issuance cost¥(16,030)¥(15,245)
Total¥39,071,755 ¥39,922,322 
Notes:
(1)Adjustable rate debts are debts where interest rates are reset in accordance with the terms of the debt agreements, and floating rate debts are debts where interest rates are repriced in accordance with movements of markets indices.
(2)Minor currencies, such as the Australian dollar, Indonesian rupiah, South Korean won, etc., excluding Japanese yen, US dollars, Euro and Thai baht have been summarized into the “Other currencies” classification.
The MUFG Group uses derivative financial instruments to manage its interest rate and currency exposures for certain debts. The derivative financial instruments include swaps, forwards, options and other types of derivatives. As a result of these derivative instruments, the effective rates reflected in the table above may differ from the coupon rates. The interest rates for the adjustable and floating rate debt shown in the above table are those in effect at March 31, 2023 and 2024.
Certain debt agreements permit the MUFG Group to redeem the related debt, in whole or in part, prior to maturity at the option of the issuer on terms specified in the respective agreements.
The following is a summary of maturities of long-term debt subsequent to March 31, 2024 :
 MUFG BK 
Other
 subsidiaries
 Total
 (in millions)
Fiscal year ending March 31:       
2025¥1,056,330 ¥18,398,003 ¥654,647 ¥20,108,980 
20262,799,014 1,258,985 349,705 4,407,704 
2027745,681 177,284 325,584 1,248,549 
20281,484,571 1,182,470 140,785 2,807,826 
20291,318,009 389,523 209,470 1,917,002 
2030 and thereafter6,793,475 1,375,506 1,278,525 9,447,506 
Total¥14,197,080 ¥22,781,771 ¥2,958,716 ¥39,937,567 
New Issuances of Debt for Basel III
For the fiscal year ended March 31, 2024, the MUFG Group obtained unsecured perpetual subordinated Additional Tier 1 debt financing of ¥796,000 million and $750 million (approximately ¥113,558 million) in the form of securities and borrowings from institutional investors in and outside Japan. These securities and borrowings are subject to the MUFG Group’s discretion to cease interest payments and a write-down of the principal upon the occurrence of certain events, including when the MUFG Group’s Common Equity Tier 1 ratio declines below 5.125%, when the MUFG Group is deemed to be at risk of becoming non-viable or when the MUFG Group becomes subject to bankruptcy proceedings.
For the fiscal year ended March 31, 2024, the MUFG Group obtained debt financing of ¥255,000 million, $2,500 million (approximately ¥378,525 million) and €500 million (approximately ¥81,620 million) with an intent to count towards Total Loss-Absorbing Capacity (“TLAC”) from global institutional investors to meet the TLAC requirement under the standards issued by the Financial Stability Board. The MUFG Group is required to maintain External TLAC ratios of 18% on a risk-weighted assets basis and 6.75% on a leverage exposure basis.
For the fiscal year ended March 31, 2024, the MUFG Group obtained subordinated term Tier 2 debt financing of ¥210,000 million in the form of securities issued in Japan. The MUFG Group can be exempted from the obligation to pay principal of and interest on the securities when the MUFG Group are deemed to be at risk of becoming non-viable. According to the approach of the Financial Services Agency of Japan (“FSA”), the point of non-viability will be deemed to have been reached when the Prime Minister of Japan, following deliberation by Japan’s Financial Response Crisis Council pursuant to the Deposit Insurance Act of Japan, confirms that Specified Item 2 Measures need to be applied to MUFG under circumstances where its liabilities exceed or are likely to exceed its assets, or it has suspended or is likely to suspend payment of its obligations.