Accumulated Other Comprehensive Income |
ACCUMULATED OTHER COMPREHENSIVE INCOME The following table presents the changes in Accumulated OCI, net of tax and net of noncontrolling interests, for the fiscal years ended March 31, 2023, 2024 and 2025: | | | | | | | | | | | | | | | | | | | 2023 (As Adjusted) | | 2024 (As Adjusted) | | 2025 | | (in millions) | Accumulated other comprehensive loss, net of taxes: | | | | | | Net unrealized gains losses on investment securities: | | | | | | Balance at beginning of fiscal year | ¥ | (676,100) | | | ¥ | (883,931) | | | ¥ | (826,271) | | Net change during the fiscal year | (207,831) | | | 57,660 | | | (56,790) | | | | | | | | | | | | | | Balance at end of fiscal year | ¥ | (883,931) | | | ¥ | (826,271) | | | ¥ | (883,061) | | Net debt valuation adjustments: | | | | | | Balance at beginning of fiscal year | ¥ | (14,538) | | | ¥ | 3,268 | | | ¥ | (41,382) | | Net change during the fiscal year | 17,806 | | | (44,650) | | | 11,261 | | Balance at end of fiscal year | ¥ | 3,268 | | | ¥ | (41,382) | | | ¥ | (30,121) | | Net unrealized gains (losses) on derivatives qualifying for cash flow hedges: | | | | | | Balance at beginning of fiscal year | ¥ | 6,277 | | | ¥ | 551 | | | ¥ | 63 | | Net change during the fiscal year | (5,726) | | | (488) | | | (1,262) | | | | | | | | Balance at end of fiscal year | ¥ | 551 | | | ¥ | 63 | | | ¥ | (1,199) | | Defined benefit plans: | | | | | | Balance at beginning of fiscal year | ¥ | 28,946 | | | ¥ | 8,350 | | | ¥ | 389,392 | | Net change during the fiscal year | (20,596) | | | 381,042 | | | 71,894 | | | | | | | | Balance at end of fiscal year | ¥ | 8,350 | | | ¥ | 389,392 | | | ¥ | 461,286 | | Foreign currency translation adjustments: | | | | | | Balance at beginning of fiscal year | ¥ | 938,965 | | | ¥ | 1,742,816 | | | ¥ | 2,715,823 | | Net change during the fiscal year | 803,851 | | | 973,007 | | | 298,462 | | Balance at end of fiscal year | ¥ | 1,742,816 | | | ¥ | 2,715,823 | | | ¥ | 3,014,285 | | Balance at end of fiscal year | ¥ | 871,054 | | | ¥ | 2,237,625 | | | ¥ | 2,561,190 | |
The following table presents the before tax and net of tax changes in each component of Accumulated OCI for the fiscal years ended March 31, 2023, 2024 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2023 (As Adjusted) | | 2024 (As Adjusted) | | 2025 | | Before tax | | Tax (expense) or benefit | | Net of tax | | Before tax | | Tax (expense) or benefit | | Net of tax | | Before tax | | Tax (expense) or benefit | | Net of tax | | (in millions) | Net unrealized gains (losses) on investment securities: | | | | | | | | | | | | | | | | | | Net unrealized losses on investment securities | ¥ | (597,997) | | | ¥ | 158,978 | | | ¥ | (439,019) | | | ¥ | (72,820) | | | ¥ | 11,993 | | | ¥ | (60,827) | | | ¥ | (186,230) | | | ¥ | 98,037 | | | ¥ | (88,193) | | Reclassification adjustment for losses included in net income before attribution of noncontrolling interests | 337,317 | | | (99,410) | | | 237,907 | | | 150,646 | | | (45,320) | | | 105,326 | | | 166,982 | | | (51,853) | | | 115,129 | | | | | | | | | | | | | | | | | | | | Net change | (260,680) | | | 59,568 | | | (201,112) | | | 77,826 | | | (33,327) | | | 44,499 | | | (19,248) | | | 46,184 | | | 26,936 | | Net unrealized gains (losses) on investment securities attributable to noncontrolling interests | | | | | 6,719 | | | | | | | (13,161) | | | | | | | 83,726 | | Net unrealized gains (losses) on investment securities attributable to Mitsubishi UFJ Financial Group | | | | | (207,831) | | | | | | | 57,660 | | | | | | | (56,790) | | Net debt valuation adjustments: | | | | | | | | | | | | | | | | | | Net debt valuation adjustments | 25,220 | | | (7,722) | | | 17,498 | | | (65,133) | | | 19,944 | | | (45,189) | | | 14,664 | | | (4,470) | | | 10,194 | | Reclassification adjustment for losses included in net income before attribution of noncontrolling interests | 444 | | | (136) | | | 308 | | | 776 | | | (237) | | | 539 | | | 1,538 | | | (471) | | | 1,067 | | Net change | 25,664 | | | (7,858) | | | 17,806 | | | (64,357) | | | 19,707 | | | (44,650) | | | 16,202 | | | (4,941) | | | 11,261 | | | | | | | | | | | | | | | | | | | | Net debt valuation adjustments attributable to Mitsubishi UFJ Financial Group | | | | | 17,806 | | | | | | | (44,650) | | | | | | | 11,261 | | Net unrealized gains (losses) on derivatives qualifying for cash flow hedges: | | | | | | | | | | | | | | | | | | Net unrealized gains (losses) on derivatives qualifying for cash flow hedges | (38,811) | | | 10,716 | | | (28,095) | | | 7,441 | | | (1,515) | | | 5,926 | | | (5,668) | | | 1,153 | | | (4,515) | | Reclassification adjustment for losses (gains) included in net income before attribution of noncontrolling interests | 30,966 | | | (8,448) | | | 22,518 | | | (8,197) | | | 1,635 | | | (6,562) | | | 3,585 | | | (717) | | | 2,868 | | | | | | | | | | | | | | | | | | | | Net change | (7,845) | | | 2,268 | | | (5,577) | | | (756) | | | 120 | | | (636) | | | (2,083) | | | 436 | | | (1,647) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2023 (As Adjusted) | | 2024 (As Adjusted) | | 2025 | | Before tax | | Tax (expense) or benefit | | Net of tax | | Before tax | | Tax (expense) or benefit | | Net of tax | | Before tax | | Tax (expense) or benefit | | Net of tax | | (in millions) | Net unrealized gains (losses) on derivatives qualifying for cash flow hedges attributable to noncontrolling interests | | | | | 149 | | | | | | | (148) | | | | | | | (385) | | Net unrealized losses on derivatives qualifying for cash flow hedges attributable to Mitsubishi UFJ Financial Group | | | | | (5,726) | | | | | | | (488) | | | | | | | (1,262) | | Defined benefit plans: | | | | | | | | | | | | | | | | | | Defined benefit plans | (128,786) | | | 37,616 | | | (91,170) | | | 566,093 | | | (174,339) | | | 391,754 | | | 134,302 | | | (42,213) | | | 92,089 | | Reclassification adjustment for losses (gains) included in net income before attribution of noncontrolling interests | 98,438 | | | (27,315) | | | 71,123 | | | (13,047) | | | 4,148 | | | (8,899) | | | (30,034) | | | 9,261 | | | (20,773) | | | | | | | | | | | | | | | | | | | | Net change | (30,348) | | | 10,301 | | | (20,047) | | | 553,046 | | | (170,191) | | | 382,855 | | | 104,268 | | | (32,952) | | | 71,316 | | Defined benefit plans attributable to noncontrolling interests | | | | | 549 | | | | | | | 1,813 | | | | | | | (578) | | Defined benefit plans attributable to Mitsubishi UFJ Financial Group | | | | | (20,596) | | | | | | | 381,042 | | | | | | | 71,894 | | Foreign currency translation adjustments: | | | | | | | | | | | | | | | | | | Foreign currency translation adjustments | 916,433 | | | (92,554) | | | 823,879 | | | 1,252,155 | | | (160,753) | | | 1,091,402 | | | 380,634 | | | 3,255 | | | 383,889 | | Reclassification adjustment for gains included in net income before attribution of noncontrolling interests | (24,424) | | | 7,480 | | | (16,944) | | | (16,132) | | | 4,939 | | | (11,193) | | | (26,481) | | | 8,200 | | | (18,281) | | Net change | 892,009 | | | (85,074) | | | 806,935 | | | 1,236,023 | | | (155,814) | | | 1,080,209 | | | 354,153 | | | 11,455 | | | 365,608 | | Foreign currency translation adjustments attributable to noncontrolling interests | | | | | 3,084 | | | | | | | 107,202 | | | | | | | 67,146 | | Foreign currency translation adjustments attributable to Mitsubishi UFJ Financial Group | | | | | 803,851 | | | | | | | 973,007 | | | | | | | 298,462 | | Other comprehensive income attributable to Mitsubishi UFJ Financial Group | | | | | ¥ | 587,504 | | | | | | | ¥ | 1,366,571 | | | | | | | ¥ | 323,565 | |
The following table presents the effect of the reclassification of significant items out of Accumulated OCI on the respective line items of the accompanying consolidated statements of income for the fiscal years ended March 31, 2023, 2024 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | 2023 (As Adjusted) | | 2024 (As Adjusted) | | 2025 | | | Details of Accumulated OCI components | Amount reclassified out of Accumulated OCI | | Line items in the consolidated statements of income | | (in millions) | | | Net unrealized losses (gains) on investment securities | | | | | | | | Net losses (gains) on sales and redemptions of Available-for-sale debt securities | ¥ | (2,678) | | | ¥ | 149,292 | | | ¥ | 150,567 | | | Investment securities gains (losses)—net | Impairment losses on investment securities | 359,629 | | | 2 | | | 12,819 | | | Investment securities gains (losses)—net | Gain on sale of MUFG Union Bank (Note 2) | (28,251) | | | — | | | — | | | Gain on sale of MUFG Union Bank | Other | 8,617 | | | 1,352 | | | 3,596 | | | | | 337,317 | | | 150,646 | | | 166,982 | | | Total before tax | | (99,410) | | | (45,320) | | | (51,853) | | | Income tax expense | | ¥ | 237,907 | | | ¥ | 105,326 | | | ¥ | 115,129 | | | Net of tax | Net debt valuation adjustments | ¥ | 444 | | | ¥ | 776 | | | ¥ | 1,538 | | | Equity in earnings of equity method investees—net or Other non-interest income | | 444 | | | 776 | | | 1,538 | | | Total before tax | | (136) | | | (237) | | | (471) | | | Income tax expense | | ¥ | 308 | | | ¥ | 539 | | | ¥ | 1,067 | | | Net of tax | Net unrealized losses (gains) on derivatives qualifying for cash flow hedges Interest rate contracts | | | | | | | | Interest rate contracts | ¥ | (4,447) | | | ¥ | — | | | ¥ | — | | | Interest income on Loans, including fees | Foreign exchange contracts | (1,472) | | | (8,197) | | | 3,585 | | | Interest expense on Long-term debt or Foreign exchange gains (losses)—net | Gain on sale of MUFG Union Bank (Note 2) | 36,885 | | | — | | | — | | | Gain on sale of MUFG Union Bank | | | | | | | | | | 30,966 | | | (8,197) | | | 3,585 | | | Total before tax | | (8,448) | | | 1,635 | | | (717) | | | Income tax expense | | ¥ | 22,518 | | | ¥ | (6,562) | | | ¥ | 2,868 | | | Net of tax | Defined benefit plans | | | | | | | | Net actuarial loss (gain)(1) | ¥ | 9,135 | | | ¥ | 1,962 | | | ¥ | (14,798) | | | Other non-interest expenses | Prior service cost(1) | (4,942) | | | (3,345) | | | (2,059) | | | Other non-interest expenses | Loss (gain) on settlements and curtailment, and other(1) | 79,850 | | | (11,664) | | | (13,178) | | | Other non-interest income or expenses | Gain on sale of MUFG Union Bank (Note 2) | 14,395 | | | — | | | — | | | Gain on sale of MUFG Union Bank | | 98,438 | | | (13,047) | | | (30,034) | | | Total before tax | | (27,315) | | | 4,148 | | | 9,261 | | | Income tax expense | | ¥ | 71,123 | | | ¥ | (8,899) | | | ¥ | (20,773) | | | Net of tax | Foreign currency translation adjustments | ¥ | (24,424) | | | ¥ | (16,132) | | | ¥ | (26,481) | | | Other non-interest income | | | | | | | | | | (24,424) | | | (16,132) | | | (26,481) | | | Total before tax | | 7,480 | | | 4,939 | | | 8,200 | | | Income tax expense | | ¥ | (16,944) | | | ¥ | (11,193) | | | ¥ | (18,281) | | | Net of tax | Total reclassifications for the period | ¥ | 442,741 | | | ¥ | 114,046 | | | ¥ | 115,590 | | | Total before tax | | (127,829) | | | (34,835) | | | (35,580) | | | Income tax expense | | ¥ | 314,912 | | | ¥ | 79,211 | | | ¥ | 80,010 | | | Net of tax |
Note: (1)These Accumulated OCI components are components of net periodic benefit cost. See Note 13 for more information.
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