Half-year Report

TOKYO--(BUSINESS WIRE)-- 

MUFG Bank, Ltd. announces Consolidated Summary Report <under Japanese GAAP> for the six months ended September 30, 2024

November 14, 2024

Company name:

Mitsubishi UFJ Financial Group, Inc.

Stock exchange listings:

Tokyo, Nagoya, New York

Code number:

8306

URL https://www.mufg.jp/english/

Representative:

Hironori Kamezawa, President & Group CEO

For inquiry:

Masahisa Takahashi, Managing Director, Head of Financial Accounting and Reporting, Financial Accounting Office, Financial Planning Division

TEL [phone]

Semi-annual securities report issuing date:

November 29, 2024

Dividend payment date:

December 5, 2024

Trading accounts:

Established

Supplemental information for financial statements:

Available

Investor meeting presentation:

Scheduled (for investors and analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Data for the Six Months ended September 30, 2024

(1) Results of Operations

(% represents the change from the same period in the previous fiscal year)

	Ordinary Income		Ordinary Profits		Profits Attributable to Owners of Parent
For the six months ended	million yen	%	million yen	%	million yen	%
September 30, 2024	6,860,277	21.1	1,756,926	37.3	1,258,195	35.7
September 30, 2023	5,665,663	31.3	1,279,907	116.5	927,281	301.3

(*) Comprehensive income

September 30, 2024:

1,321,798

million yen,

(14.8)

%

;

September 30, 2023:

1,551,605

million yen,

415.2

%

	Basic earnings per share		Diluted earnings per share
For the six months ended		yen		yen
September 30, 2024	107.69		107.57
September 30, 2023	77.11		76.89

(2) Financial Conditions

	Total Assets	Total Net Assets	Equity-to-asset ratio (*)
As of	million yen	million yen		%
September 30, 2024	399,058,344	21,678,586	5.1
March 31, 2024	403,703,147	20,746,978	4.9

(Reference) Shareholders’ equity as of

September 30, 2024:

20,469,922

million yen;

March 31, 2024:

19,587,974

million yen

(*) “Equity-to-asset ratio” is computed under the formula shown below

(Total net assets - Subscription rights to shares - Non-controlling interests) / Total assets

2. Dividends on Common Stock

	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
For the fiscal year		yen		yen		yen		yen		yen
ended March 31, 2024	-		20.50		-		20.50		41.00
ending March 31, 2025	-		25.00
ending March 31, 2025 (Forecast)					-		35.00		60.00

(*) Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : Yes

3. Earnings Target for the Fiscal Year ending March 31, 2025 (Consolidated)

MUFG has an earning target of 1,750.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2025.(There is a change to our earnings target released on May 15, 2024.)

MUFG is engaged in financial service businesses such as banking business, trust banking business, securities business and credit

card/loan businesses. Because there are various uncertainties caused by economic situation, market environments and other factors

in these businesses, MUFG discloses a target of its profits attributable to owners of parent instead of a forecast of its performance.

※ Notes

(1) Changes in significant subsidiaries during the period: No

(2) Changes in accounting policies, changes in accounting estimates and restatements

(A) Changes in accounting policies due to revision of accounting standards: Yes

(B) Changes in accounting policies due to reasons other than (A): Yes

(C) Changes in accounting estimates: No

(D) Restatements: No

(3) Number of common stocks outstanding at the end of the period

(A) Total stocks outstanding including treasury stocks:	September 30, 2024	12,337,710,920	shares
	March 31, 2024	12,337,710,920	shares
(B) Treasury stocks:	September 30, 2024	672,444,452	shares
	March 31, 2024	611,522,914	shares
(C) Average outstanding of total stocks:	Six months ended September 30, 2024	11,683,338,019	shares
	Six months ended September 30, 2024	12,024,763,019	shares

*This “Consolidated Summary Report” (Quarterly “Tanshin”) is outside the scope of the external auditor’s interim audit procedure.

*Notes for using forecasted information etc.

1. This financial summary report contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the company and/or the group as a whole (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company’s current estimations, perceptions and evaluations. In addition, in order for the company to adopt such estimations, forecasts, targets and plans regarding future events, certain assumptions have been made. Accordingly, due to various risks and uncertainties, the statements and assumptions are inherently not guarantees of future performance, may be considered differently from alternative perspectives and may result in material differences from the actual result. For the main factors that may affect the current forecasts, please see Consolidated Summary Report, Annual Securities Report, Disclosure Book, Annual Report, and other current disclosures that the company has announced.

2. The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (“Japanese GAAP”). Differences exist between Japanese GAAP and the accounting principles generally accepted in the United States (“U.S. GAAP”) in certain material respects. Such differences have resulted in the past, and are expected to continue to result for this period and future periods, in amounts for certain financial statement line items under U.S. GAAP to differ significantly from the amounts under Japanese GAAP. For example, differences in consolidation basis or accounting for business combinations, including but not limited to amortization and impairment of goodwill, could result in significant differences in our reported financial results between Japanese GAAP and U.S. GAAP. Readers should consult their own professional advisors for an understanding of the differences between Japanese GAAP and U.S. GAAP and how those differences might affect our reported financial results. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.

Above is part of the Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. under Japanese GAAP for the six months ended September 30, 2024.

Mitsubishi UFJ Financial Group (MUFG) makes available financial reports and highlights of MUFG group companies including those of MUFG Bank, Ltd. Please refer to MUFG's website for full information.

Contact:

MUFG Bank, Ltd.

Toshinao Endou　[phone]

Managing Director, Head of Documentation & Corporate Secretary Department

Corporate Administration Division

Category Code: IR

Sequence Number: 1260845

Time of Receipt (offset from UTC): 20241114T075959+0000