Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Movement in Carrying Amount of Goodwill by Business Segment

The table below presents the movement in the carrying amount of goodwill by business segment during the fiscal years ended March 31, 2023 and 2024:

	Digital  Service  Business  Group		Global  Corporate &  Investment  Banking  Business  Group		Global  Commercial  Banking  Business  Group		Asset  Management &  Investor  Services  Business  Group		Global  Markets  Business  Group		Total
	(in millions)
Balance at March 31, 2022:
Goodwill	¥	—	¥	144,793	¥	736,002	¥	235,794	¥	2,300	¥	1,118,889
Accumulated impairment losses(1)	—		(63,393)		(645,731)		(14,368)		—		(723,492)
Less: Goodwill, net of accumulated impairment losses in transferred business of MUFG Union Bank(2)	—		(2,415)		(89,371)		—		—		(91,786)
	—		78,985		900		221,426		2,300		303,611
Impairment loss	—		—		—		(33,553)		—		(33,553)
Foreign currency translation adjustments and other	—		9,683		(900)		17,931		—		26,714
Balance at March 31, 2023:
Goodwill(3)	—		152,236		481,263		253,725		2,300		889,524
Accumulated impairment losses(3)	—		(63,568)		(481,263)		(47,921)		—		(592,752)
	¥	—	¥	88,668	¥	—	¥	205,804	¥	2,300	¥	296,772
Goodwill acquired during the fiscal year(4)	15,884		—		94,018		63,063		—		172,965
Foreign currency translation adjustments and other	—		6,995		(556)		14,168		—		20,607
Balance at March 31, 2024:
Goodwill	15,884		159,231		574,725		330,956		2,300		1,083,096
Accumulated impairment losses	—		(63,568)		(481,263)		(47,921)		—		(592,752)
	¥	15,884	¥	95,663	¥	93,462	¥	283,035	¥	2,300	¥	490,344

Notes:

(1)Effective April 1, 2018, the MUFG Group reorganized its business groups. Goodwill originally recognized for Retail Banking Business Group, Corporate Banking Business Group, Trust Assets Business Group and Global Business Group other than MUAH and Krungsri was ¥1,900,019 million, which has been fully impaired before April 1, 2017. As these impairment losses recorded in past before the reorganization of the segment and are irrelevant to the annual impairment test under the new segment, the accumulated impaired loss is not allocated to new business segments after the reorganization of business group.

(2)Represents goodwill, net of accumulated impairment losses in transferred business of MUFG Union Bank, which was reclassified as held for sale, and then sold on December 1, 2022.

(3)For the balance at March 31, 2023, the Goodwill and Accumulated impairment losses of the Global Corporate & Investment Banking Business Group and Global Commercial Banking Business Group in the above table exclude the goodwill and accumulated impairment losses previously recorded for MUFG Union Bank, which was sold during the fiscal year ended March 31, 2023. See Note 2 for further information.

(4)Goodwill acquired during the fiscal year ended March 31, 2024, mainly relate to the acquisitions described in Note2.

Carrying Amount of Other Intangible Assets by Major Class

The table below presents the gross carrying amount, accumulated amortization and net carrying amount, in total and by major class of other intangible assets at March 31, 2023 and 2024:

	2023						2024
	Gross  carrying  amount		Accumulated  amortization		Net  carrying  amount		Gross  carrying  amount		Accumulated  amortization		Net  carrying  amount
	(in millions)
Intangible assets subject to amortization:
Software	¥	3,440,220	¥	2,606,923	¥	833,297	¥	3,789,481	¥	2,862,485	¥	926,996
Customer relationships	552,204		319,293		232,911		555,018		288,857		266,161
Core deposit intangibles	119,555		69,379		50,176		129,714		85,010		44,704
Trade names	79,861		41,090		38,771		84,584		45,784		38,800
Other	17,861		6,751		11,110		23,059		8,933		14,126
Total	¥	4,209,701	¥	3,043,436	1,166,265		¥	4,581,856	¥	3,291,069	1,290,787
Intangible assets not subject to amortization:
Other					7,958						8,179
Total					¥	1,174,223					¥	1,298,966

Estimated Aggregate Amortization Expense for Intangible Assets for Next Five Fiscal Years

The estimated aggregate amortization expense for intangible assets for the next five fiscal years is as follows:

	(in millions)
Fiscal year ending March 31:
2025	¥	306,050
2026	257,718
2027	209,648
2028	169,844
2029	120,996