Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Mar. 31, 2025

The table below presents total outstanding loans and past due analysis by class at March 31, 2024 and 2025.


	Past Due
At March 31, 2024 (As Adjusted):	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	¥	6,108	¥	8,289	¥	14,397	¥	57,371,397	¥	112,496	¥	57,498,290	¥	3,004
Foreign	1,447		27,517		28,964		46,483,163		841,088		47,353,215		13,307
Residential	33,943		11,980		45,923		12,451,455		—		12,497,378		3,837
Card	15,790		28,388		44,178		440,672		—		484,850		—
Krungsri	247,919		189,558		437,477		8,349,705		17,930		8,805,112		—
Other	23,125		28,553		51,678		1,706,489		—		1,758,167		—
Total	¥	328,332	¥	294,285	¥	622,617	¥	126,802,881	¥	971,514	¥	128,397,012	¥	20,148
Unearned income, unamortized premiums—net and deferred loan fees—net											(486,709)
Total											¥	127,910,303

	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

Nonaccrual Loans by Class

The information on nonaccrual loans by class at March 31, 2024 and 2025, and recognized interest income on nonaccrual loans by class for the fiscal years ended March 31, 2024 and 2025 are shown below:


	Recorded Loan Balance
March 31, 2024 (As Adjusted):	Nonaccrual Loans(1)		Nonaccrual Loans Not Requiring an Allowance for Credit Losses(2)		Recognized Interest Income
	(in millions)
Commercial
Domestic	¥	295,055	¥	89,994	¥	3,920
Foreign	225,572		59,564		8,747
Residential	41,101		4,067		848
Card	72,554		—		18
Krungsri	258,511		7,159		11,716
Other	33,782		16		2,826
Total	¥	926,575	¥	160,800	¥	28,075


	Recorded Loan Balance
March 31, 2025:	Nonaccrual Loans(1)		Nonaccrual Loans Not Requiring an Allowance for Credit Losses(2)		Recognized Interest Income
	(in millions)
Commercial
Domestic	¥	279,460	¥	78,151	¥	4,433
Foreign	223,696		35,266		6,965
Residential	35,884		3,885		852
Card	77,534		—		34
Krungsri	327,637		8,198		15,037
Other	32,490		9		3,392
Total	¥	976,701	¥	125,509	¥	30,713

Notes:

(1)Nonaccrual loans in the above table do not include loans held for sale of ¥396,331 million and ¥20,258 million at March 31, 2024 and 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.

TDRs by Class

The following table summarizes the MUFG Group’s TDRs by class for the fiscal year ended March 31, 2023 :


Fiscal year ended March 31, 2023 (As Adjusted)	Troubled Debt Restructurings				Troubled Debt Restructurings That Subsequently Defaulted
	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Recorded Investment
	(in millions)
Commercial(1)(3)
Domestic	¥	68,477	¥	68,477	¥	8,123
Foreign	35,319		35,319		11,945
Residential(1)(3)	15,291		15,291		116
Card(2)(3)	22,355		21,407		2,783
Krungsri(2)(3)	93,971		93,971		6,759
Other(2)	21,141		21,141		1,569
Total	¥	256,554	¥	255,606	¥	31,295

Notes:

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

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

(3)For the fiscal year ended March 31, 2023, extension of the stated maturity date of loans was the primary concession type in the Commercial, Residential and Krungsri segments and reduction in the stated rate was the primary concession type in the Card segment.

The following table summarizes the MUFG Group’s loan modifications that were made to borrowers experiencing financial difficulty by class for the fiscal years ended March 31, 2024 and 2025:


Fiscal year ended March 31, 2024: (As Adjusted)	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	¥	3,110	0.01	%	¥	—
Term extension	315,702		0.55		5,201
Combination of interest rate reduction and term extension	7,038		0.01		—
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—
Foreign
Interest rate reduction	¥	1,720	0.00	%	¥	—
Term extension	83,764		0.18		227
Combination of interest rate reduction and term extension	82		0.00		—
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—
Residential(1)
Interest rate reduction	¥	—	—	%	¥	—
Term extension	14,842		0.12		105
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	23,689		4.89		3,038
Combination of term extension and principal forgiveness	226		0.05		3
All other modifications and combinations	—		—		—
Krungsri(2)
Interest rate reduction	¥	621	0.01	%	¥	85
Term extension	254,892		2.89		10,030
Combination of interest rate reduction and term extension	1,863		0.02		263
Combination of term extension and principal forgiveness	239		0.00		2,074
All other modifications and combinations	657		0.01		62
Other(2)
Interest rate reduction	¥	606	0.03	%	¥	304
Term extension	6,464		0.37		415
Combination of interest rate reduction and term extension	345		0.02		—
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—


Fiscal year ended March 31, 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	¥	436	0.00	%	¥	—
Term extension	296,078		0.48		5,819
Combination of interest rate reduction and term extension	4,934		0.01		88
Combination of term extension and principal forgiveness	—		—		—
All other modifications and combinations	—		—		—
Foreign
Interest rate reduction	¥	—	—	%	¥	—
Term extension	85,363		0.18		912
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	9,826		0.08		243
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	24,338		4.88		2,686
Combination of term extension and principal forgiveness	234		0.05		2
All other modifications and combinations	—		—		—
Krungsri(2)
Interest rate reduction	¥	811	0.01	%	¥	326
Term extension	196,337		2.22		22,432
Combination of interest rate reduction and term extension	13,248		0.15		1,218
Combination of term extension and principal forgiveness	4,064		0.05		31
All other modifications and combinations	4,475		0.05		70
Other(2)
Interest rate reduction	¥	2,014	0.10	%	¥	68
Term extension	7,412		0.36		1,343
Combination of interest rate reduction and term extension	—		—		4
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 accruing and nonaccrual loans.

The following table provides the financial effect of the modifications made to borrowers experiencing financial difficulty by class for the fiscal years ended March 31, 2024 and 2025:


Fiscal year ended March 31, 2024 (As Adjusted):						Financial Effect
Commercial
Domestic
Interest rate reduction						Reduced weighted-average contractual interest rate by 0.13%.
Term extension						Added a weighted-average 1.0 years to the life of loans.

Foreign
Interest rate reduction						Reduced weighted-average contractual interest rate by 0.46% .
Term extension						Added a weighted-average 0.8 years to the life of loans.

Residential

Term extension						Added a weighted-average 1.6 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 ¥809 million.
Krungsri
Interest rate reduction						Reduced weighted-average contractual interest rate by 1.34%.
Term extension						Added a weighted-average 2.3 years to the life of loans.
Principal forgiveness						Reduced the principal balance of the loans by ¥1,250 million.
Other
Interest rate reduction						Reduced weighted-average contractual interest rate by 3.40%.
Term extension						Added a weighted-average 3.0 years to the life of loans.


Fiscal year ended March 31, 2025:						Financial Effect
Commercial
Domestic
Interest rate reduction						Reduced weighted-average contractual interest rate by 0.11%.
Term extension						Added a weighted-average 0.8 years to the life of loans.

Foreign

Term extension						Added a weighted-average 0.7 years to the life of loans.

Residential

Term extension						Added a weighted-average 1.6 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 ¥862 million.
Krungsri
Interest rate reduction						Reduced weighted-average contractual interest rate by 4.70%.
Term extension						Added a weighted-average 3.6 years to the life of loans.
Principal forgiveness						Reduced the principal balance of the loans by ¥3,524 million.
Other
Interest rate reduction						Reduced weighted-average contractual interest rate by 4.00%.
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 fiscal years ended March 31, 2024 and 2025:


Fiscal year ended March 31, 2024 (As Adjusted):	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	¥	324,772	¥	740	¥	338
Foreign	85,566		—		—
Residential(1)	13,770		918		154
Card(2)	17,888		3,961		2,066
Krungsri(2)	225,319		24,839		8,114
Other(2)	5,673		1,448		294
Total	¥	672,988	¥	31,906	¥	10,966


Fiscal year ended March 31, 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	¥	300,859	¥	442	¥	148
Foreign	84,672		690		—
Residential(1)	8,930		742		154
Card(2)	19,316		3,562		1,694
Krungsri(2)	159,909		31,610		27,416
Other(2)	5,864		2,516		1,046
Total	¥579,550		¥39,562		¥30,458

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


	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, 2024 (As Adjusted):	2023		2022		2021		2020		2019		Prior
	(in millions)
Commercial:	¥	36,089,439	¥	13,326,456	¥	7,110,866	¥	5,965,489	¥	4,197,181	¥	9,777,389	¥	27,367,612	¥	63,489	¥	103,897,921
Domestic	20,392,832		7,709,706		4,897,276		5,099,173		3,195,961		7,915,170		8,175,676		—		57,385,794
Normal	20,168,687		7,567,872		4,700,171		4,955,680		3,058,292		7,289,232		7,918,471		—		55,658,405
Close Watch	212,521		132,768		182,359		120,759		¥91,961		524,833		242,574		—		1,507,775
Likely to become Bankrupt or Legally/Virtually Bankrupt	11,624		9,066		14,746		22,734		45,708		101,105		14,631		—		219,614
Gross charge-offs	2,478		26,192		1,379		2,669		9,904		8		—		—		42,630
Foreign	15,696,607		5,616,750		2,213,590		866,316		1,001,220		1,862,219		19,191,936		63,489		46,512,127
Normal	15,305,350		5,445,830		2,166,976		827,405		877,978		1,680,485		18,889,310		60,877		45,254,211
Close Watch	330,450		142,807		41,638		23,625		110,527		129,927		269,944		—		1,048,918
Likely to become Bankrupt or Legally/Virtually Bankrupt	60,807		28,113		4,976		15,286		12,715		51,807		32,682		2,612		208,998
Gross charge-offs	9,301		8,575		1,057		794		174		130		10,131		—		30,162
Residential	¥	668,170	¥	659,156	¥	714,292	¥	573,679	¥	864,058	¥	8,997,473	¥	20,550	¥	—	¥	12,497,378
Accrual	668,118		658,831		714,154		573,444		863,432		8,959,995		18,891		—		12,456,865
Nonaccrual	52		325		138		235		626		37,478		1,659		—		40,513
Gross charge-offs	—		—		2		6		28		1,253		—		—		1,289
Card	¥	21	¥	181	¥	224	¥	269	¥	207	¥	638	¥	409,416	¥	73,894	¥	484,850
Accrual	—		10		7		7		9		34		396,746		15,483		412,296
Nonaccrual	21		171		217		262		198		604		12,670		58,411		72,554
Gross charge-offs	18		63		100		112		97		117		9,712		10,801		21,020
Krungsri	¥	2,133,219	¥	1,481,834	¥	811,883	¥	401,052	¥	431,766	¥	768,770	¥	2,741,676	¥	16,982	¥	8,787,182
Performing	1,986,177		1,319,372		685,123		337,985		330,511		578,608		2,578,069		—		7,815,845
Under-Performing	110,487		108,846		86,273		49,140		80,033		141,150		136,897		—		712,826
Non-Performing	36,555		53,616		40,487		13,927		21,222		49,012		26,710		16,982		258,511
Gross charge-offs	8,765		55,828		34,544		12,995		15,439		19,729		30,709		2,632		180,641
Other	¥	749,054	¥	296,723	¥	94,173	¥	45,408	¥	26,103	¥	87,724	¥	458,982	¥	—	¥	1,758,167
Accrual	743,600		291,516		92,176		44,523		24,642		82,574		445,355		—		1,724,386
Nonaccrual	5,454		5,207		1,997		885		1,461		5,150		13,627		—		33,781
Gross charge-offs	4,815		15,962		6,212		1,810		785		3,036		6,013		—		38,633


	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

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 by portfolio segment for the fiscal years ended March 31, 2023, 2024 and 2025 are shown below:


Fiscal year ended March 31, 2023 (As Adjusted):	Commercial		Residential		Card		Krungsri		Other		Total
	(in millions)
Allowance for credit losses:
Balance at beginning of fiscal year	¥	934,086	¥	69,887	¥	40,768	¥	346,841	¥	103,574	¥	1,495,156
Transfer from MUAH to Commercial segment	33,062		—		—		—		(33,062)		—
Provision for (reversal of) credit losses	(113,886)		(9,511)		19,236		69,866		41,580		7,285
Charge-offs	158,780		645		18,255		100,545		55,922		334,147
Recoveries collected	18,784		16		720		26,774		24,506		70,800
Net charge-offs	139,996		629		17,535		73,771		31,416		263,347
Other(1)	6,323		—		—		21,711		12,386		40,420
Balance at end of fiscal year	¥	719,589	¥	59,747	¥	42,469	¥	364,647	¥	93,062	¥	1,279,514


Fiscal year ended March 31, 2024 (As Adjusted):	Commercial		Residential		Card		Krungsri		Other		Total
	(in millions)
Allowance for credit losses:
Balance at beginning of fiscal year	¥	719,589	¥	59,747	¥	42,469	¥	364,647	¥	93,062	¥	1,279,514

Provision for (reversal of) credit losses	66,240		(1,500)		21,927		138,358		33,770		258,795
Charge-offs	72,792		1,289		21,020		180,641		38,633		314,375
Recoveries collected	14,488		6		713		32,856		17,173		65,236
Net charge-offs	58,304		1,283		20,307		147,785		21,460		249,139
Other(1)(2)(3)	17,989		—		(7,666)		49,991		7,477		67,791
Balance at end of fiscal year	¥	745,514	¥	56,964	¥	36,423	¥	405,211	¥	112,849	¥	1,356,961


Fiscal year ended March 31, 2025:	Commercial		Residential		Card		Krungsri		Other		Total
	(in millions)
Allowance for credit losses:
Balance at beginning of fiscal year	¥	745,514	¥	56,964	¥	36,423	¥	405,211	¥	112,849	¥	1,356,961
Provision for (reversal of) credit losses	(93,052)		(6,729)		25,607		156,582		39,382		121,790
Charge-offs	55,914		635		22,002		199,643		58,957		337,151
Recoveries collected	13,213		7		899		40,340		16,433		70,892
Net charge-offs	42,701		628		21,103		159,303		42,524		266,259
Other(1)	1,861		—		—		21,367		7,355		30,583
Balance at end of fiscal year	¥	611,622	¥	49,607	¥	40,927	¥	423,857	¥	117,062	¥	1,243,075

Notes:

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

(2)For the fiscal year ended March 31, 2024, Other includes the impact of the change in accounting principle relating to the recognition and measurement of TDRs, which was adopted on April 1, 2023. The total impact across all segments was negative of ¥18,869 million.

(3)For the fiscal year ended March 31, 2024, the Krungsri and Other segments include the initial allowance for credit losses for the loans purchased with credit deterioration of ¥20,134 million and ¥2,097 million, respectively.

The following table sets forth the reconciliation of the difference between the purchase price and the principal balance regarding loans acquired with credit deterioration, in connection with corporate acquisitions during the fiscal year ended March 31, 2024.


	2024
	(in millions)
Purchase price	¥	15,588
Allowance for credit losses at acquisition	22,231
Non-credit discount	269
Principal balance	38,088