Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Sep. 30, 2025

Receivables [Abstract]

Ages of Past Due Loans by Class

The table below presents total outstanding loans and past due analysis by class at March 31, 2025 and September 30, 2025.

	Past Due
At March 31, 2025:	1-3 months		Greater  Than  3 months		Total  Past Due		Current		Loans  Held for Sale		Total  Loans		Past Due 90 Days and  Accruing
	(in millions)
Commercial
Domestic	¥	9,275	¥	6,127	¥	15,402	¥	61,523,077	¥	130,854	¥	61,669,333	¥	2,419
Foreign	4,310		22,018		26,328		45,465,082		756,409		46,247,819		4,667
Residential	32,739		10,711		43,450		12,518,330		—		12,561,780		3,157
Card	15,737		30,221		45,958		452,815		—		498,773		—
Krungsri	228,655		252,745		481,400		8,365,508		—		8,846,908		—
Other	21,555		28,744		50,299		2,006,393		—		2,056,692		—
Total	¥	312,271	¥	350,566	¥	662,837	¥	130,331,205	¥	887,263	¥	131,881,305	¥	10,243
Unearned income, unamortized premiums—net and deferred loan fees—net											(442,790)
Total											¥	131,438,515

	Past Due
At September 30, 2025:	1-3 months		Greater  Than  3 months		Total  Past Due		Current		Loans  Held for Sale		Total  Loans		Past Due 90 Days and  Accruing
	(in millions)
Commercial
Domestic	¥	6,316	¥	6,961	¥	13,277	¥	60,887,313	¥	174,800	¥	61,075,390	¥	2,637
Foreign	1,250		19,476		20,726		46,702,839		961,157		47,684,722		4,614
Residential	32,624		10,395		43,019		12,665,268		—		12,708,287		2,798
Card	15,915		31,401		47,316		457,707		—		505,023		—
Krungsri	254,124		245,240		499,364		9,020,687		14,056		9,534,107		—
Other	22,063		26,847		48,910		1,922,675		—		1,971,585		—
Total	¥	332,292	¥	340,320	¥	672,612	¥	131,656,489	¥	1,150,013	¥	133,479,114	¥	10,049
Unearned income, unamortized premiums—net and deferred loan fees—net											(449,439)
Total											¥	133,029,675

Nonaccrual Loans by Class

The information on nonaccrual loans by class at March 31, 2025 and September 30, 2025 are shown below:

	Recorded Loan Balance
March 31, 2025:	Nonaccrual  Loans(1)		Nonaccrual Loans  Not Requiring  an Allowance for  Credit Losses(2)
	(in millions)
Commercial
Domestic	¥	279,460	¥	78,151
Foreign	223,696		35,266
Residential	35,884		3,885
Card	77,534		—
Krungsri	327,637		8,198
Other	32,490		9
Total	¥	976,701	¥	125,509

	Recorded Loan Balance
September 30, 2025:	Nonaccrual  Loans(1)		Nonaccrual Loans  Not Requiring  an Allowance for  Credit Losses(2)
	(in millions)
Commercial
Domestic	¥	206,192	¥	74,174
Foreign	213,373		33,682
Residential	33,575		3,627
Card	79,043		—
Krungsri	339,214		12,304
Other	31,573		7
Total	¥	902,970	¥	123,794

Notes:

(1)Nonaccrual loans in the above table do not include loans held for sale of ¥20,258 million and ¥20,447 million at March 31, 2025 and September 30, 2025, respectively.

(2)These loans do not require an allowance for credit losses because the recorded loan balance equals, or does not exceed, the present value of expected future cash flows discounted at the loans’ effective interest rate, or the fair value of the collateral if the loan is a collateral-dependent loan.

The following table shows information regarding recognized interest income on nonaccrual loans for the six months ended September 30, 2024 and 2025:

		September 30, 2024		September 30, 2025
	(in millions)
Commercial
Domestic		¥	2,121	¥	1,845
Foreign		5,026		4,120
Residential		237		431
Card		14		22
Krungsri		7,585		6,993
Other		1,644		1,322
Total		¥	16,627	¥	14,733

TDRs by Class

The following table summarizes the MUFG Group’s loan modifications that were made to borrowers experiencing financial difficulty by class for the six months ended September 30, 2024 and 2025:

Six months ended September 30, 2024:	Loan Modifications Made to Borrowers Experiencing Financial Difficulty				Loans Modified within 12 months of Subsequent Default
	Amortized Cost Basis at the Period End		Percentage of Total Class of Loans		Amortized Cost Basis at the Period End
	(in millions, except percentages)
Commercial(1)
Domestic
Interest rate reduction	¥	530	0.00	%	¥	—
Term extension	162,309		0.26		3,216
Combination of interest rate reduction and term extension	3,864		0.01		—
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—
Foreign
Interest rate reduction	¥	—	—	%	¥	—
Term extension	74,732		0.17		—
Combination of interest rate reduction and term extension	—		—		—
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—
Residential(1)
Interest rate reduction	¥	—	—	%	¥	—
Term extension	6,137		0.05		180
Combination of interest rate reduction and term extension	—		—		—
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—
Card(2)
Interest rate reduction	¥	—	—	%	¥	—
Term extension	—		—		—
Combination of interest rate reduction and term extension	12,828		2.65		1,541
Combination of term extension and principal forgiveness	126		0.03		2
All other modifications and combinations	—		—		—
Krungsri(2)
Interest rate reduction	¥	466	0.01	%	¥	4
Term extension	143,449		1.59		4,495
Combination of interest rate reduction and term extension	2,613		0.03		105
Combination of term extension and principal forgiveness	1,558		0.02		40
All other modifications and combinations	867		0.01		2
Other(2)
Interest rate reduction	¥	831	0.04	%	¥	—
Term extension	6,626		0.33		1,121
Combination of interest rate reduction and term extension	—		—		4
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—

Six months ended September 30, 2025:	Loan Modifications Made to Borrowers Experiencing Financial Difficulty				Loans Modified within 12 months of Subsequent Default
	Amortized Cost Basis at the Period End		Percentage of Total Class of Loans		Amortized Cost Basis at the Period End
	(in millions, except percentages)
Commercial(1)
Domestic
Interest rate reduction	¥	—	—	%	¥	—
Term extension	219,800		0.36		2,466
Combination of interest rate reduction and term extension	100		0.00		—
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—
Foreign
Interest rate reduction	¥	—	—	%	¥	—
Term extension	78,049		0.16		17,160
Combination of interest rate reduction and term extension	—		—		—
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—
Residential(1)
Interest rate reduction	¥	—	—	%	¥	—
Term extension	5,611		0.04		26
Combination of interest rate reduction and term extension	—		—		—
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—
Card(2)
Interest rate reduction	¥	—	—	%	¥	—
Term extension	—		—		—
Combination of interest rate reduction and term extension	13,966		2.77		1,398
Combination of term extension and principal forgiveness	135		0.03		1
All other modifications and combinations	—		—		—
Krungsri(2)
Interest rate reduction	¥	1	0.00	%	¥	—
Term extension	92,935		0.97		10,719
Combination of interest rate reduction and term extension	41,400		0.43		439
Combination of term extension and principal forgiveness	118		0.00		11
All other modifications and combinations	928		0.01		—
Other(2)
Interest rate reduction	¥	781	0.04	%	¥	612
Term extension	2,196		0.11		564
Combination of interest rate reduction and term extension	—		—		—
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—

Notes:

(1)The modified loans for the Commercial and Residential segments include accruing loans, and do not include nonaccrual loans.

(2)The modified loans for the Card, Krungsri and Other segments include accrual and nonaccrual loans.

The following table provides the financial effect of the modifications made to borrowers experiencing financial difficulty by class for the six months ended September 30, 2024 and 2025:

Six months ended September 30, 2024:	Financial Effect
Commercial
Domestic
Interest rate reduction	Reduced weighted-average contractual interest rate by 0.16%.
Term extension	Added a weighted-average 0.8 years to the life of loans.
Foreign
Term extension	Added a weighted-average 0.6 years to the life of loans.
Residential
Term extension	Added a weighted-average 1.2 years to the life of loans.
Card
Interest rate reduction	Reduced weighted-average contractual interest rate by 15.22%.
Term extension	Added a weighted-average 3.0 years to the life of loans.
Principal forgiveness	Reduced the principal balance of the loans by ¥431 million.
Krungsri
Interest rate reduction	Reduced weighted-average contractual interest rate by 1.79%.
Term extension	Added a weighted-average 3.6 years to the life of loans.
Principal forgiveness	Reduced the principal balance of the loans by ¥658 million.
Other
Interest rate reduction	Reduced weighted-average contractual interest rate by 8.30%.
Term extension	Added a weighted-average 1.0 year to the life of loans.

Six months ended September 30, 2025:	Financial Effect
Commercial
Domestic
Interest rate reduction	Reduced weighted-average contractual interest rate by 0.05%.
Term extension	Added a weighted-average 0.8 years to the life of loans.
Foreign
Term extension	Added a weighted-average 0.9 years to the life of loans.
Residential
Term extension	Added a weighted-average 1.8 years to the life of loans.
Card
Interest rate reduction	Reduced weighted-average contractual interest rate by 18.00%.
Term extension	Added a weighted-average 3.0 years to the life of loans.
Principal forgiveness	Reduced the principal balance of the loans by ¥509 million.
Krungsri
Interest rate reduction	Reduced weighted-average contractual interest rate by 5.53%.
Term extension	Added a weighted-average 2.4 years to the life of loans.
Principal forgiveness	Reduced the principal balance of the loans by ¥3,067 million.
Other
Interest rate reduction	Reduced weighted-average contractual interest rate by 2.50%.
Term extension	Added a weighted-average 1.0 year to the life of loans.

The following table provides the performance of loans that have been modified in the last 12 months to borrowers experiencing financial difficulty by class for the six months ended September 30, 2024 and 2025:

Six months ended September 30, 2024:	Payment Status  (Amortized Cost Basis at the Period End)
	Current		1-3 months Past Due		Greater Than 3 months Past Due
	(in millions)
Commercial(1)
Domestic	¥	324,632	¥	100	¥	62
Foreign	90,234		—		—
Residential(1)	11,403		603		121
Card(2)	18,127		4,034		2,005
Krungsri(2)	215,377		25,118		25,376
Other(2)	7,371		3,414		1,039
Total	¥	667,144	¥	33,269	¥	28,603

Six months ended September 30, 2025:	Payment Status  (Amortized Cost Basis at the Period End)
	Current		1-3 months Past Due		Greater Than 3 months Past Due
	(in millions)
Commercial(1)
Domestic	¥	285,958	¥	187	¥	460
Foreign	107,840		—		—
Residential(1)	8,258		577		55
Card(2)	19,264		3,735		1,741
Krungsri(2)	175,298		24,198		19,047
Other(2)	3,298		1,468		1,034
Total	¥	599,916	¥	30,165	¥	22,337

Notes:

(1)The modified loans for the Commercial and Residential segments include accruing loans, and do not include nonaccrual loans.

(2)The modified loans for the Card, Krungsri and Other segments include accrual and nonaccrual loans.

Credit Quality Indicators of Loans by Class

Credit quality indicators of loans and fiscal year of origination by class at March 31, 2025, and gross charge-offs for the fiscal year ended March 31, 2025 are shown below:

	Term Loans  Amortized Cost Basis by Origination Year												Revolving  Loans  Amortized  Cost Basis		Revolving  Loans  Converted to  Term Loans  Amortized  Cost Basis		Total(1)
At March 31, 2025:	2024		2023		2022		2021		2020		Prior
	(in millions)
Commercial:	¥	36,144,399	¥	14,800,806	¥	9,780,316	¥	4,868,593	¥	4,571,927	¥	9,808,543	¥	26,976,735	¥	78,570	¥	107,029,889
Domestic	24,117,429		7,173,200		6,154,487		3,848,005		4,060,428		7,912,621		8,272,309		—		61,538,479
Normal	23,928,261		7,042,016		6,052,900		3,665,031		3,962,275		7,288,161		8,073,197		—		60,011,841
Close Watch	128,827		122,907		90,760		166,698		78,351		529,207		184,168		—		1,300,918
Likely to become Bankrupt or Legally/Virtually Bankrupt	60,341		8,277		10,827		16,276		19,802		95,253		14,944		—		225,720
Gross charge-offs	1,371		2,259		2,078		592		261		3,140		907		—		10,608
Foreign	12,026,970		7,627,606		3,625,829		1,020,588		511,499		1,895,922		18,704,426		78,570		45,491,410
Normal	11,839,879		7,367,932		3,465,137		1,011,411		480,256		1,732,371		18,474,590		76,313		44,447,889
Close Watch	154,312		177,968		137,788		9,177		19,982		114,575		213,896		—		827,698
Likely to become Bankrupt or Legally/Virtually Bankrupt	32,779		81,706		22,904		—		11,261		48,976		15,940		2,257		215,823
Gross charge-offs	2,151		8,622		11,010		2,855		336		6,872		13,460		—		45,306
Residential	¥	1,124,971	¥	636,238	¥	625,599	¥	672,243	¥	537,121	¥	8,947,802	¥	17,806	¥	—	¥	12,561,780
Accrual	1,124,734		636,136		625,164		672,068		536,861		8,914,948		16,419		—		12,526,330
Nonaccrual	237		102		435		175		260		32,854		1,387		—		35,450
Gross charge-offs	—		—		5		43		10		576		1		—		635
Card	¥	38	¥	179	¥	270	¥	310	¥	279	¥	703	¥	416,238	¥	80,756	¥	498,773
Accrual	1		3		7		15		6		33		403,628		17,546		421,239
Nonaccrual	37		176		263		295		273		670		12,610		63,210		77,534
Gross charge-offs	3		52		112		93		70		152		9,249		12,271		22,002
Krungsri	¥	1,688,668	¥	1,487,981	¥	1,002,889	¥	546,198	¥	239,302	¥	904,667	¥	2,955,217	¥	21,986	¥	8,846,908
Performing	1,507,924		1,325,246		855,947		442,848		193,714		651,811		2,698,374		7		7,675,871
Under-Performing	147,612		115,002		102,598		66,928		31,663		173,199		206,398		—		843,400
Non-Performing	33,132		47,733		44,344		36,422		13,925		79,657		50,445		21,979		327,637
Gross charge-offs	5,970		53,874		50,589		21,359		7,095		23,135		32,294		5,327		199,643
Other	¥	795,726	¥	385,741	¥	162,365	¥	38,968	¥	34,651	¥	91,677	¥	547,564	¥	—	¥	2,056,692
Accrual	790,753		378,532		159,835		38,006		33,940		86,122		537,014		—		2,024,202
Nonaccrual	4,973		7,209		2,530		962		711		5,555		10,550		—		32,490
Gross charge-offs	6,492		30,173		9,590		2,623		383		3,075		6,621		—		58,957

Credit quality indicators of loans and fiscal year of origination by class at September 30, 2025, and gross charge-offs for the six months ended September 30, 2025 are shown below:

	Term Loans  Amortized Cost Basis by Origination Year												Revolving  Loans  Amortized  Cost Basis		Revolving  Loans  Converted to  Term Loans  Amortized  Cost Basis		Total(1)
At September 30, 2025:	2025		2024		2023		2022		2021		Prior
	(in millions)
Commercial:	¥	27,288,958	¥	15,573,380	¥	12,384,399	¥	8,178,531	¥	4,131,476	¥	12,377,637	¥	27,649,006	¥	40,768	¥	107,624,155
Domestic	19,215,735		7,913,108		6,464,712		5,534,581		3,422,739		10,285,638		8,064,077		—		60,900,590
Normal	19,145,473		7,781,435		6,379,649		5,467,954		3,341,169		9,639,529		7,897,500		—		59,652,709
Close Watch	67,180		103,618		78,790		56,428		66,412		559,375		154,050		—		1,085,853
Likely to become Bankrupt or Legally/Virtually Bankrupt	3,082		28,055		6,273		10,199		15,158		86,734		12,527		—		162,028
Gross charge-offs	575		509		339		351		321		1,647		1,933		—		5,675
Foreign	8,073,223		7,660,272		5,919,687		2,643,950		708,737		2,091,999		19,584,929		40,768		46,723,565
Normal	7,921,023		7,558,615		5,709,714		2,562,600		699,204		1,929,169		19,365,150		37,656		45,783,131
Close Watch	132,974		89,484		163,840		48,112		9,533		111,658		173,378		—		728,979
Likely to become Bankrupt or Legally/Virtually Bankrupt	19,226		12,173		46,133		33,238		—		51,172		46,401		3,112		211,455
Gross charge-offs	27		48		12,716		235		2		797		1,340		—		15,165
Residential	¥	656,440	¥	1,101,701	¥	620,103	¥	609,289	¥	652,728	¥	9,051,437	¥	16,589	¥	—	¥	12,708,287
Accrual	656,373		1,101,519		620,017		608,870		652,533		9,020,488		15,365		—		12,675,165
Nonaccrual	67		182		86		419		195		30,949		1,224		—		33,122
Gross charge-offs	—		—		—		—		4		522		—		—		526
Card	¥	1	¥	98	¥	239	¥	288	¥	284	¥	899	¥	419,416	¥	83,798	¥	505,023
Accrual	—		2		8		4		4		27		407,126		18,809		425,980
Nonaccrual	1		96		231		284		280		872		12,290		64,989		79,043
Gross charge-offs	—		30		76		111		82		147		5,329		8,030		13,805
Krungsri	¥	1,373,752	¥	1,420,406	¥	1,340,093	¥	808,966	¥	449,781	¥	990,754	¥	3,114,071	¥	22,228	¥	9,520,051
Performing	1,247,404		1,219,863		1,170,434		661,861		352,730		717,340		2,874,211		6		8,243,849
Under-Performing	93,308		163,084		132,354		106,355		67,046		185,297		189,543		1		936,988
Non-Performing	33,040		37,459		37,305		40,750		30,005		88,117		50,317		22,221		339,214
Gross charge-offs	70		9,571		29,629		17,356		7,986		8,108		13,860		3,178		89,758
Other	¥	480,513	¥	417,193	¥	276,922	¥	117,120	¥	25,913	¥	98,154	¥	555,770	¥	—	¥	1,971,585
Accrual	480,275		409,529		271,506		115,111		25,026		91,286		547,279		—		1,940,012
Nonaccrual	238		7,664		5,416		2,009		887		6,868		8,491		—		31,573
Gross charge-offs	789		12,184		7,529		1,459		326		958		2,603		—		25,848

Note:

(1)Total loans in the above table do not include loans held for sale, and represent balances without adjustments in relation to unearned income, unamortized premiums and deferred loan fees.

Changes in Allowance for Credit Losses by Portfolio Segment

Changes in the allowance for credit losses of loans by portfolio segment for the six months ended September 30, 2024 and 2025 are shown below:

Six months ended September 30, 2024:	Commercial		Residential		Card		Krungsri		Other		Total
	(in millions)
Allowance for credit losses:
Balance at beginning of period	¥	745,514	¥	56,964	¥	36,423	¥	405,211	¥	112,849	¥	1,356,961
Provision for (reversal of) credit losses	14,650		(2,408)		13,895		76,414		26,033		128,584
Charge-offs	18,185		75		11,284		101,030		27,803		158,377
Recoveries collected	5,759		5		512		18,452		6,967		31,695
Net charge-offs	12,426		70		10,772		82,578		20,836		126,682
Other(1)	(16,651)		—		—		19,772		8,820		11,941
Balance at end of period	¥	731,087	¥	54,486	¥	39,546	¥	418,819	¥	126,866	¥	1,370,804
Six months ended September 30, 2025:	Commercial		Residential		Card		Krungsri		Other		Total
	(in millions)
Allowance for credit losses:
Balance at beginning of period	¥	611,622	¥	49,607	¥	40,927	¥	423,857	¥	117,062	¥	1,243,075
Provision for (reversal of) credit losses	(59,859)		(8,018)		15,824		64,826		18,871		31,644
Charge-offs	20,840		526		13,805		89,758		25,848		150,777
Recoveries collected	3,302		—		370		20,246		5,827		29,745
Net charge-offs	17,538		526		13,435		69,512		20,021		121,032
Other(1)(2)	(1,055)		—		—		32,890		(9,173)		22,662
Balance at end of period	¥	533,170	¥	41,063	¥	43,316	¥	452,061	¥	106,739	¥	1,176,349

Notes:

(1)Other is principally comprised of gains or losses from foreign exchange translation.

(2)For the six months ended September 30, 2025, the Krungsri segment includes the initial allowance for credit losses for the loans purchased with credit deterioration of ¥14,067 million.