Variable Interest Entities (Tables)

12 Months Ended

Mar. 31, 2024

Variable Interest Entities [Abstract]

Assets and Liabilities of Variable Interest Entities

The following tables present the assets and liabilities of consolidated VIEs recorded on the accompanying consolidated balance sheets at March 31, 2023 and 2024:


Consolidated VIEs	Consolidated assets
At March 31, 2023:	Total		Cash and due from banks		Interest-earning deposits in other banks		Trading account assets		Investment securities		Loans		All other assets
	(in millions)
Asset-backed conduits	¥	7,388,845	¥	71,649	¥	34,521	¥	47,606	¥	1,027,862	¥	6,185,514	¥	21,693
Investment funds	1,331,962		—		46,157		359,777		65,204		—		860,824
Special purpose entities created for structured financing	248,952		—		2,593		8,624		—		135,606		102,129
Repackaged instruments	243,513		7,882		—		167,007		53,617		15,007		—
Securitization of the MUFG Group’s assets	10,389,398		—		1,434		—		—		10,371,275		16,689
Trust arrangements	8,176,795		—		—		833,864		1,514,530		5,828,397		4
Other	62,109		584		3,952		14,606		16,159		2,822		23,986
Total consolidated assets before elimination	27,841,574		80,115		88,657		1,431,484		2,677,372		22,538,621		1,025,325
The amounts eliminated in consolidation	(6,739,954)		(71,872)		(36,626)		(63,556)		(600,635)		(5,940,036)		(27,229)
Total consolidated assets	¥	21,101,620	¥	8,243	¥	52,031	¥	1,367,928	¥	2,076,737	¥	16,598,585	¥	998,096


	Consolidated liabilities
	Total		Deposits		Other short-term borrowings		Long-term debt		All other liabilities
	(in millions)
Asset-backed conduits	¥	7,364,030	¥	—	¥	5,587,813	¥	1,367,234	¥	408,983
Investment funds	830,751		—		817,292		7,407		6,052
Special purpose entities created for structured financing	127,768		—		—		109,352		18,416
Repackaged instruments	245,829		—		—		230,285		15,544
Securitization of the MUFG Group’s assets	10,418,160		—		—		10,154,662		263,498
Trust arrangements	8,176,907		6,408,837		840,690		—		927,380
Other	56,902		—		1,456		31,900		23,546
Total consolidated liabilities before elimination	27,220,347		6,408,837		7,247,251		11,900,840		1,663,419
The amounts eliminated in consolidation	(16,102,106)		(302)		(3,696,647)		(11,469,378)		(935,779)
The amount of liabilities with recourse to the general credit of the MUFG Group	(10,503,305)		(6,408,535)		(3,505,172)		(25,033)		(564,565)
Liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of the MUFG Group	¥	614,936	¥	—	¥	45,432	¥	406,429	¥	163,075


Consolidated VIEs	Consolidated assets
At March 31, 2024:	Total		Cash and due from banks		Interest-earning deposits in other banks		Trading account assets		Investment securities		Loans		All other assets
	(in millions)
Asset-backed conduits	¥	8,186,919	¥	66,761	¥	33,826	¥	45,689	¥	860,760	¥	7,045,964	¥	133,919
Investment funds	1,662,843		1,759		30,748		337,619		77,334		—		1,215,383
Special purpose entities created for structured financing	247,908		—		3,820		—		—		143,688		100,400
Repackaged instruments	296,435		9,892		—		137,795		132,951		15,000		797
Securitization of the MUFG Group’s assets	10,447,956		—		1,664		—		—		10,428,225		18,067
Trust arrangements	5,352,775		—		—		803,348		1,811,498		2,737,908		21
Other	85,008		470		5,366		14,059		38,219		2,481		24,413
Total consolidated assets before elimination	26,279,844		78,882		75,424		1,338,510		2,920,762		20,373,266		1,493,000
The amounts eliminated in consolidation	(3,671,326)		(68,736)		(41,258)		(72,217)		(600,219)		(2,859,135)		(29,761)
Total consolidated assets	¥	22,608,518	¥	10,146	¥	34,166	¥	1,266,293	¥	2,320,543	¥	17,514,131	¥	1,463,239


	Consolidated liabilities
	Total		Deposits		Other short-term borrowings		Long-term debt		All other liabilities
	(in millions)
Asset-backed conduits	¥	8,162,014	¥	—	¥	6,331,278	¥	1,371,157	¥	459,579
Investment funds	1,147,832		—		1,136,495		8,772		2,565
Special purpose entities created for structured financing	136,089		—		—		117,806		18,283
Repackaged instruments	301,045		—		—		287,192		13,853
Securitization of the MUFG Group’s assets	10,460,439		—		—		10,454,694		5,745
Trust arrangements	5,352,880		3,292,449		1,131,120		—		929,311
Other	78,350		—		966		54,159		23,225
Total consolidated liabilities before elimination	25,638,649		3,292,449		8,599,859		12,293,780		1,452,561
The amounts eliminated in consolidation	(16,806,678)		(432)		(4,242,371)		(11,888,346)		(675,529)
The amount of liabilities with recourse to the general credit of the MUFG Group	(8,275,680)		(3,292,017)		(4,311,280)		(26,417)		(645,966)
Liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of the MUFG Group	¥	556,291	¥	—	¥	46,208	¥	379,017	¥	131,066

The following tables present the total assets of non-consolidated VIEs, the maximum exposure to loss resulting from the MUFG Group’s involvement with non-consolidated VIEs and the assets and liabilities which relate to the MUFG’s variable interests in non-consolidated VIEs at March 31, 2023 and 2024:


Non-consolidated VIEs					On-balance sheet assets										On-balance sheet liabilities
At March 31, 2023:	Total assets		Maximum exposure		Total		Trading account assets		Investment securities		Loans		All other assets		Total		All other liabilities
	(in millions)
Asset-backed conduits	¥	41,001,958	¥	8,062,589	¥	6,384,079	¥	21,719	¥	2,205,877	¥	4,142,995	¥	13,488	¥	10,823	¥	10,823
Investment funds	55,386,213		4,930,989		3,446,109		262,312		120,436		2,710,177		353,184		27,606		27,606
Special purpose entities created for structured financing	54,543,066		5,864,814		3,907,598		80,382		39,357		3,749,670		38,189		208,100		208,100
Repackaged instruments	9,034,058		4,372,581		4,117,969		944,795		2,641,384		386,793		144,997		2,230		2,230
Other	87,989,676		3,989,548		2,761,087		146,286		7,552		2,523,976		83,273		46,354		46,354
Total	¥	247,954,971	¥	27,220,521	¥	20,616,842	¥	1,455,494	¥	5,014,606	¥	13,513,611	¥	633,131	¥	295,113	¥	295,113

Non-consolidated VIEs					On-balance sheet assets										On-balance sheet liabilities
At March 31, 2024:	Total assets		Maximum exposure		Total		Trading account assets		Investment securities		Loans		All other assets		Total		All other liabilities
	(in millions)
Asset-backed conduits	¥	39,009,182	¥	9,223,412	¥	7,284,351	¥	13,184	¥	2,147,351	¥	5,123,816	¥	—	¥	3,860	¥	3,860
Investment funds	140,717,674		7,385,746		4,757,037		321,000		300,803		3,719,748		415,486		16,172		16,172
Special purpose entities created for structured financing	72,097,637		7,695,707		5,333,648		92,261		61,114		5,134,955		45,318		251,036		251,036
Repackaged instruments	10,205,539		5,144,654		5,004,762		1,683,889		2,592,589		497,156		231,128		—		—
Other	96,343,162		4,594,025		3,234,286		261,745		—		2,871,454		101,087		17,651		17,651
Total	¥	358,373,194	¥	34,043,544	¥	25,614,084	¥	2,372,079	¥	5,101,857	¥	17,347,129	¥	793,019	¥	288,719	¥	288,719

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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