v3.25.2
Due to Trust Account, Short-term Borrowings and Long-term Debt
 12 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Due to Trust Account, Short-term Borrowings and Long-term Debt DUE TO TRUST ACCOUNT, SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Mitsubishi UFJ Trust and Banking holds assets on behalf of its customers in an agent, fiduciary or trust capacity. Such trust account assets are not the MUFG Group’s proprietary assets and are managed and accounted for separately.
However, excess cash funds of individual trust accounts are often placed with Mitsubishi UFJ Trust and Banking which manages the funds together with its own funds in its proprietary account. Due to trust account reflects a temporary placement of the excess funds from individual trust accounts and, in view of the MUFG Group’s funding, due to trust account is similar to short-term funding, including demand deposits and other overnight funds purchased. The balance changes in response to the day-to-day changes in the excess funds placed by the trust accounts. A summary of due to trust account transactions at March 31, 2024 and 2025 is as follows:
 20242025
 
(in millions, except percentages)
Amount outstanding at end of fiscal year¥4,659,456 ¥3,762,641 
Weighted average interest rate on outstanding balance at end of fiscal year0.00 %0.10 %
At March 31, 2024 and 2025, the MUFG Group had unused lines of credit for financing amounting to ¥3,943,240 million and ¥3,439,902 million, respectively. The amounts principally consist of pooled collateral which are used to cover shortages in the Bank of Japan account and Federal Reserve Bank of New York accounts, and to meet liquidity needs. The MUFG Group may borrow from the Bank of Japan and Federal Reserve Bank of New York on demand up to the total amount of collateral eligible for credit extension.
Other short-term borrowings at March 31, 2024 and 2025 were comprised of the following:
 2024
(As Adjusted)		2025
 (in millions, except percentages)
Domestic offices: 
Commercial paper¥1,319,959 ¥1,527,544 
Borrowings from the Bank of Japan2,171,660 14,995,160 
Borrowings from other financial institutions96,645 175,267 
Other(1)
1,168,468 997,078 
Total domestic offices4,756,732 17,695,049 
Foreign offices:
Commercial paper6,160,424 6,707,574 
Borrowings from other financial institutions210,885 219,134 
Short-term debentures101 — 
Other13,725 15,169 
Total foreign offices6,385,135 6,941,877 
Total11,141,867 24,636,926 
Less unamortized discount— — 
Other short-term borrowings—net¥11,141,867 ¥24,636,926 
Weighted average interest rate on outstanding balance at end of fiscal year3.02 %1.58 %

Note:
(1)Includes borrowings from the jointly operated designated money in trusts.
Long-term debt (with original maturities of more than one year) at March 31, 2024 and 2025 was comprised of the following:
 2024
(As Adjusted)		2025
 (in millions)
MUFG:   
Obligations under finance leases¥377 ¥726
Unsubordinated debt (1):
Fixed rate bonds, payable in US dollars, due 2025-2039, principally 1.41%-5.57%
7,672,722 6,419,433 
Fixed rate bonds, payable in Euro, due 2028-2033, principally 0.85%-3.56%
566,150 278,616 
Fixed rate bonds, payable in other currencies, due 2025-2029, principally 2.73%-4.05% (2)
41,488 30,561 
Adjustable rate bonds, payable in Japanese yen, due 2026-2034, principally 0.25%-1.47%
545,200 280,900 
Adjustable rate bonds, payable in Euro, due 2027-2032, principally 0.34%-4.64%
538,692 324,160 
Adjustable rate borrowings, payable in Japanese yen, due 2029-2037, principally 0.91%-1.86%
245,000 245,000 
Floating rate bonds, payable in US dollars, due 2026 , principally 5.79%
249,827 44,856 
Floating rate bonds, payable in other currencies, due 2024, principally 5.61% (2)
39,444 — 
Total9,898,523 7,623,526 
Subordinated debt (1):
Fixed rate bonds, payable in Japanese yen, due 2025-2035, principally 0.37%-2.05%
937,805 990,959 
Fixed rate bonds, payable in US dollars, no stated maturity, principally 8.20%
117,692 116,997 
Fixed rate borrowings, payable in Japanese yen, due 2025-2028, principally 0.57%-0.79%
86,000 86,000 
Adjustable rate bonds, payable in Japanese yen, due 2030-2035, principally 0.35%-1.57%
963,219 1,005,655 
Adjustable rate bonds, payable in Japanese yen, no stated maturity, principally 0.85%-2.51%
1,983,789 2,143,532 
Adjustable rate borrowings, payable in Japanese yen, due 2032-2034, principally 0.72%-1.28%
34,000 36,000 
Adjustable rate borrowings, payable in Japanese yen, no stated maturity, principally 0.87%-2.95%
175,675 233,703 
Total4,298,180 4,612,846 
Total14,197,080 12,237,098 
MUFG Bank:
Obligations under finance leases¥4,567 ¥4,397 
Unsubordinated debt (1):
Fixed rate bonds, payable in Japanese yen, due 2027 , principally 2.34%
17,200 8,300 
Fixed rate bonds, payable in US dollars, due 2044-2052, principally 0.00%-4.70%
1,060,184 929,501 
Fixed rate bonds, payable in Euro, due 2033, principally 1.81%
7,346 7,294 
Fixed rate borrowings, payable in Japanese yen, due 2025-2029, principally 0.00%-0.26%
20,186,175 2,358,191 
Fixed rate borrowings, payable in US dollars, due 2030-2036, principally 2.93%-3.87%
14,332 41,873 
Adjustable rate borrowings, payable in Japanese yen, due 2025, principally 0.50%
— 1,442,400 
Adjustable rate borrowings, payable in US dollars, due 2024, principally 5.83%
167,308 — 
Floating rate borrowings, payable in US dollars, due 2025-2035, principally 0.88%-5.41%
628,297 392,524 
Floating rate borrowings, payable in Euro, due 2029-2036, principally 2.59%-3.45%
93,781 80,058 
Floating rate borrowings, payable in other currencies, due 2031, principally 2.05% (2)
— 2,512 
Total22,174,623 5,262,653 
Subordinated debt (1):
Fixed rate bonds, payable in Japanese yen, due 2025-2031, principally 1.95%-2.91%
176,000 175,800 
Fixed rate borrowings, payable in Japanese yen, due 2025-2026, principally 1.88%-2.24%
41,500 21,500 
Adjustable rate borrowings, payable in Japanese yen, due 2028, principally 1.53%
10,000 10,000 
Floating rate borrowings, payable in Japanese yen, due 2027, principally 0.96%
15,000 15,000 
Total242,500 222,300 
Obligations under loan securitization transaction accounted for as secured borrowings due 2025-2080, principally 0.25%-8.00%
360,081 291,023 
Total22,781,771 5,780,373 
 2024
(As Adjusted)		2025
 (in millions)
Other subsidiaries:   
Obligations under finance leases¥21,111 ¥16,337
Unsubordinated debt (1):
Fixed rate borrowings, bonds and notes, payable in Japanese yen, due 2025-2051, principally 0.00%-14.30%
1,051,354 977,337 
Fixed rate borrowings, bonds and notes, payable in US dollars, due 2025-2036, principally 0.00%-9.50%
59,522 30,185 
Fixed rate borrowings, payable in Euro, due 2026-2032, principally 0.00%-0.07%
1,004 5,122 
Fixed rate borrowings, bonds and notes, payable in Thai baht, due 2025-2029, principally 0.00%-4.70%
336,892 317,394 
Fixed rate borrowings, bonds and notes, payable in other currencies, due 2025-2037, principally 0.50%-9.00%(2)
389,260 425,945 
Floating/Adjustable rate borrowings, bonds and notes, payable in Japanese yen, due 2025-2055, principally 0.00%-27.11%
683,131 622,569 
Floating/Adjustable rate borrowings, bonds and notes, payable in US dollars, due 2025-2032, principally 0.00%-27.50%
150,161 169,131 
Adjustable rate bonds and notes, payable in Euro, due 2024, principally 0.10%
170 — 
Floating rate borrowings, payable in other currencies, due 2025-2028, principally 6.05%-8.00% (2)
64,086 188,934 
Total
2,735,580 2,736,617 
Subordinated debt (1):
Fixed rate bonds and notes, payable in Japanese yen, due 2025-2030, principally 1.92%-2.61%
30,000 30,000 
Fixed rate bonds and notes, payable in US dollars, due 2027-2030, principally 7.50%-8.00%
2,386 2,049 
Fixed rate bonds and notes, payable in Thai baht, due 2031-2034, principally 3.00%-4.30%
253,035 228,800 
Floating rate bonds and notes, payable in US dollars, due 2028, principally 11.51%
6,068 4,777 
Total291,489 265,626 
Total3,048,180 3,018,580 
Total40,027,031 21,036,051 
Debt issuance cost¥(14,212)¥(13,644)
Total¥40,012,819 ¥21,022,407 
Notes:
(1)Adjustable rate debts are debts where interest rates are reset in accordance with the terms of the debt agreements, and floating rate debts are debts where interest rates are repriced in accordance with movements of markets indices.
(2)Minor currencies, such as the Australian dollar, Indonesian rupiah, South Korean won, etc., excluding Japanese yen, US dollars, Euro and Thai baht have been summarized into the “Other currencies” classification.
The MUFG Group uses derivative financial instruments to manage its interest rate and currency exposures for certain debts. The derivative financial instruments include swaps, forwards, options and other types of derivatives. As a result of these derivative instruments, the effective rates reflected in the table above may differ from the coupon rates. The interest rates for the adjustable and floating rate debt shown in the above table are those in effect at March 31, 2024 and 2025.
Certain debt agreements permit the MUFG Group to redeem the related debt, in whole or in part, prior to maturity at the option of the issuer on terms specified in the respective agreements.
The following is a summary of maturities of long-term debt subsequent to March 31, 2025 :
 MUFG BK 
Other
 subsidiaries
 Total
 (in millions)
Fiscal year ending March 31:       
2026¥711,944 ¥2,710,628 ¥565,632 ¥3,988,204 
2027740,039 171,692 545,110 1,456,841 
20281,469,091 1,064,897 330,881 2,864,869 
20291,303,139 386,995 231,800 1,921,934 
2030719,399 136,382 83,188 938,969 
2031 and thereafter7,293,486 1,309,779 1,261,969 9,865,234 
Total¥12,237,098 ¥5,780,373 ¥3,018,580 ¥21,036,051 
New Issuances of Debt for Basel III
For the fiscal year ended March 31, 2025, the MUFG Group obtained unsecured perpetual subordinated Additional Tier 1 debt financing of ¥358,000 million in the form of securities and borrowings from institutional investors in Japan. These securities and borrowings are subject to the MUFG Group’s discretion to cease interest payments and a write-down of the principal upon the occurrence of certain events, including when the MUFG Group’s Common Equity Tier 1 ratio declines below 5.125%, when the MUFG Group is deemed to be at risk of becoming non-viable or when the MUFG Group becomes subject to bankruptcy proceedings.
For the fiscal year ended March 31, 2025, the MUFG Group obtained debt financing of $4,750 million (approximately ¥710,220 million) and €1,000 million (approximately ¥162,080 million) with an intent to count towards Total Loss-Absorbing Capacity (“TLAC”) from global institutional investors to meet the TLAC requirement under the standards issued by the Financial Stability Board. The MUFG Group is required to maintain External TLAC ratios of 18% on a risk-weighted assets basis and 6.75% on a leverage exposure basis.
For the fiscal year ended March 31, 2025, the MUFG Group obtained subordinated term Tier 2 debt financing of ¥363,000 million in the form of securities issuance and borrowings in Japan. The MUFG Group can be exempted from the obligation to pay principal of and interest on the securities when the MUFG Group are deemed to be at risk of becoming non-viable. According to the approach of the Financial Services Agency of Japan (“FSA”), the point of non-viability will be deemed to have been reached when the Prime Minister of Japan, following deliberation by Japan’s Financial Response Crisis Council pursuant to the Deposit Insurance Act of Japan, confirms that Specified Item 2 Measures need to be applied to MUFG under circumstances where its liabilities exceed or are likely to exceed its assets, or it has suspended or is likely to suspend payment of its obligations.