XML 95 R42.htm IDEA: XBRL DOCUMENT v3.24.2
Parent Company Only Financial Information
12 Months Ended
Mar. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Parent Company Only Financial Information PARENT COMPANY ONLY FINANCIAL INFORMATION
Distributions of retained earnings of MUFG Bank and Mitsubishi UFJ Trust and Banking are restricted in order to meet the minimum capital adequacy requirements under the Banking Law. Additionally, retained earnings of these banking subsidiaries are restricted, except for approximately ¥5,837 billion and ¥6,159 billion, in accordance with the statutory reserve requirements under the Companies Act at March 31, 2023 and 2024, respectively. See Notes 19 and 21 for further information.
The Banking Law and related regulations restrict the ability of these banking subsidiaries to extend loans or credit to the parent company. Such loans or credits to the parent company are generally limited to 15% of the banking subsidiary’s consolidated total capital, as determined by the capital adequacy guidelines.
At March 31, 2023 and 2024, approximately ¥5,352 billion and ¥6,441 billion, respectively, of net assets of consolidated subsidiaries may be restricted as to payment of cash dividends and loans to the parent company.
As described in Note 1A, the restatement of the March 31, 2023 consolidated financial statements resulted in the amounts previously recognized as direct adjustments to equity, including retained earnings of ¥223,273 million, net of tax, being recognized as
reductions of the gain on sale. This correction resulted in reductions of ¥223,273 million in "Equity in undistributed net income (loss) of subsidiaries and affiliated companies—net", "Income (loss) before income tax expense", and "Net income (loss)" in the condensed statements of operations for the year ended March 31, 2023.
The following table presents the parent company only financial information of MUFG:
Condensed Balance Sheets
 As of March 31,
 20232024
 (in millions)
Assets:
Cash and interest-earning deposits with banking subsidiaries¥173,603 ¥147,740 
Investments in subsidiaries and affiliated companies16,834,133 18,819,492 
Banking subsidiaries11,893,171 12,822,717 
Non-banking subsidiaries and affiliated companies4,940,962 5,996,775 
Loans to subsidiaries12,841,655 14,198,572 
Banking subsidiaries12,225,477 13,651,662 
Non-banking subsidiaries616,178 546,910 
Other assets229,005 178,222 
Total assets¥30,078,396 ¥33,344,026 
Liabilities and Shareholders’ equity:
Short-term borrowings from banking subsidiaries¥1,291,660 ¥1,285,635 
Long-term debt from non-banking subsidiaries and affiliated companies15,591 21,902 
Long-term debt12,792,670 14,163,977 
Other liabilities215,129 226,850 
Total liabilities14,315,050 15,698,364 
Total shareholders’ equity15,763,346 17,645,662 
Total liabilities and shareholders’ equity¥30,078,396 ¥33,344,026 
Condensed Statements of Operations
 Fiscal years ended March 31,
 2022
2023
(Restated)
2024
 
(in millions)
Income:     
Dividends from subsidiaries and affiliated companies¥586,108 ¥605,115 ¥774,211 
Banking subsidiaries419,691 407,630 545,886 
Non-banking subsidiaries and affiliated companies166,417 197,485 228,325 
Management fees from subsidiaries34,957 35,052 34,393 
Interest income from subsidiaries183,679 273,536 371,860 
Foreign exchange gains—net6,851 3,465 451 
Trading account profits (losses)—net(4,059)28,970 (40,379)
Gains on sales of investment in subsidiaries and affiliated companies—net— 17,748 — 
Other income11,732 13,255 15,374 
Total income819,268 977,141 1,155,910 
Expense:
Operating expenses40,158 44,149 47,600 
Interest expense to subsidiaries and affiliated companies12,256 15,442 15,673 
Interest expense167,057 256,333 355,781 
Other expense7,154 6,496 6,229 
Total expense226,625 322,420 425,283 
Equity in undistributed net income (loss) of subsidiaries and affiliated companies—net(667,088)(259,130)592,064 
Income (loss) before income tax expense(74,445)395,591 1,322,691 
Income tax expense (benefit)
8,875 18,956 (5,430)
Net income (loss)¥(83,320)¥376,635 ¥1,328,121 
Condensed Statements of Cash Flows
 Fiscal years ended March 31,
 202220232024
 
(in millions)
Operating activities:   
Net cash provided by operating activities570,448 609,641 839,937 
Investing activities:
Proceeds from sales and dispositions of investments in subsidiaries and affiliated companies
136 41,125 865 
Purchase of equity investment in subsidiaries and an affiliated company(1,000)— — 
Net increase in loans to subsidiaries(257,619)(2,204,831)(231,891)
Other—net(9,413)(7,791)(8,787)
Net cash used in investing activities(267,896)(2,171,497)(239,813)
Financing activities:
Net increase (decrease) in short-term borrowings from subsidiaries(61,415)145,513 (6,025)
Proceeds from issuance of long-term debt1,625,173 3,833,878 1,809,416 
Repayment of long-term debt(1,369,254)(1,630,695)(1,578,887)
Proceeds from sales of treasury stock— — 1 
Payments for acquisition of treasury stock(150,017)(450,019)(400,037)
Dividends paid(334,620)(380,447)(439,755)
Other—net(10,410)(14,160)(10,700)
Net cash provided by (used in) financing activities(300,543)1,504,070 (625,987)
Net increase (decrease) in cash and cash equivalents2,009 (57,786)(25,863)
Cash and cash equivalents at beginning of fiscal year229,380 231,389 173,603 
Cash and cash equivalents at end of fiscal year¥231,389 ¥173,603 ¥147,740