v3.26.1
Due to Trust Account, Short-term Borrowings and Long-term Debt
 12 Months Ended
Mar. 31, 2026
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, 2025 and 2026 is as follows:
 20252026
 
(in millions, except percentages)
Amount outstanding at end of fiscal year¥3,762,641 ¥1,776,344 
Weighted average interest rate on outstanding balance at end of fiscal year0.10%0.26%
At March 31, 2025 and 2026, the MUFG Group had unused lines of credit for financing amounting to ¥3,439,902 million and ¥8,111,352 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, 2025 and 2026 were comprised of the following:
 20252026
 (in millions, except percentages)
Domestic offices: 
Commercial paper¥1,527,544 ¥1,238,148 
Borrowings from the Bank of Japan14,995,160 2,782,800 
Borrowings from other financial institutions175,267 258,726 
Other(1)
997,078 675,219 
Total domestic offices17,695,049 4,954,893 
Foreign offices:
Commercial paper6,707,574 7,445,830 
Borrowings from other financial institutions219,134 455,976 
Other15,169 3,212 
Total foreign offices6,941,877 7,905,018 
Total24,636,926 12,859,911 
Less unamortized discount— 1 
Other short-term borrowings—net¥24,636,926 ¥12,859,910 
Weighted average interest rate on outstanding balance at end of fiscal year1.58 %2.30 %
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, 2025 and 2026 was comprised of the following:
 20252026
 (in millions)
MUFG:   
Obligations under finance leases¥726 ¥9,096 
Unsubordinated debt (1):
Fixed rate bonds, payable in US dollars, due 2026-2039, principally 1.54%-5.62%
6,419,433 7,142,220 
Fixed rate bonds, payable in Euro, due 2028-2033, principally 0.85%-3.56%
278,616 306,275 
Fixed rate bonds, payable in other currencies, due 2027-2029, principally 2.73%-4.05% (2)
30,561 28,424 
Adjustable rate bonds, payable in Japanese yen, due 2027-2036, principally 0.25%-1.88%
280,900 245,300 
Adjustable rate bonds, payable in Euro, due 2027-2036, principally 0.34%-4.64%
324,160 669,381 
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 2031-2032, principally 4.69%-5.15%
44,856 294,307 
Total7,623,526 8,930,907 
Subordinated debt (1):
Fixed rate bonds, payable in Japanese yen, due 2026-2035, principally 0.37%-2.39%
990,959 1,023,959 
Fixed rate bonds, payable in US dollars, no stated maturity, principally 6.35%- 8.20%
116,997 280,535 
Fixed rate borrowings, payable in Japanese yen, due 2026-2028, principally 0.57%-0.62%
86,000 64,000 
Adjustable rate bonds, payable in Japanese yen, due 2031-2035, principally 0.35%-1.86%
1,005,655 985,791 
Adjustable rate bonds, payable in Japanese yen, no stated maturity, principally 0.86%-2.77%
2,143,532 2,227,451 
Adjustable rate borrowings, payable in Japanese yen, due 2032-2034, principally 0.72%-1.28%
36,000 36,000 
Adjustable rate borrowings, payable in Japanese yen, no stated maturity, principally 1.03%-3.32%
233,703 297,370 
Total4,612,846 4,915,106 
Total12,237,098 13,855,109 
MUFG Bank:
Obligations under finance leases¥4,397 ¥3,901 
Unsubordinated debt (1):
Fixed rate bonds, payable in Japanese yen, due 2027 , principally 2.34%
8,300 7,800 
Fixed rate bonds, payable in US dollars, due 2044-2052, principally 0.00%-4.70%
929,501 1,029,378 
Fixed rate bonds, payable in Euro, due 2033, principally 1.81%
7,294 8,253 
Fixed rate borrowings, payable in Japanese yen, due 2026-2030, principally 0.01%-0.75%
2,358,191 2,835,175 
Fixed rate borrowings, payable in US dollars, due 2030-2038, principally 2.93%-3.87%
41,873 66,690 
Adjustable rate borrowings, payable in Japanese yen, due 2025, principally 0.50%
1,442,400 — 
Floating rate borrowings, payable in US dollars, due 2026-2035, principally 4.12%-4.72%
392,524 304,818 
Floating rate borrowings, payable in Euro, due 2029-2036, principally 2.32%-2.66%
80,058 70,596 
Floating rate borrowings, payable in other currencies, due 2031, principally 2.05% (2)
2,512 2,614 
Total5,262,653 4,325,324 
Subordinated debt (1):
Fixed rate bonds, payable in Japanese yen, due 2026-2031, principally 2.21%-2.91%
175,800 113,800 
Fixed rate borrowings, payable in Japanese yen, due 2025-2026, principally 1.88%-2.24%
21,500 — 
Adjustable rate borrowings, payable in Japanese yen, due 2028, principally 1.89%
10,000 10,000 
Floating rate borrowings, payable in Japanese yen, due 2027, principally 1.46%
15,000 15,000 
Total222,300 138,800 
Obligations under loan securitization transaction accounted for as secured borrowings due 2026-2080, principally 0.25%-7.25%
291,023 273,846 
Total5,780,373 4,741,871 
 20252026
 (in millions)
Other subsidiaries:   
Obligations under finance leases¥16,337¥13,091
Unsubordinated debt (1):
Fixed rate borrowings, bonds and notes, payable in Japanese yen, due 2026-2051, principally 0.15%-5.10%
977,337 966,324 
Fixed rate borrowings, bonds and notes, payable in US dollars, due 2026-2036, principally 1.40%-9.47%
30,185 16,932 
Fixed rate borrowings, payable in Euro, due 2030-2034, principally 0.00%-2.14%
5,122 4,302 
Fixed rate borrowings, bonds and notes, payable in Thai baht, due 2026-2031, principally 0.00%-4.00%
317,394 544,334 
Fixed rate borrowings, bonds and notes, payable in other currencies, due 2026-2037, principally 0.50%-10.00%(2)
425,945 484,764 
Floating/Adjustable rate borrowings, bonds and notes, payable in Japanese yen, due 2026-2055, principally 0.00%-15.90%
622,569 673,653 
Floating/Adjustable rate borrowings, bonds and notes, payable in US dollars, due 2026-2032, principally 4.45%-6.12%
169,131 159,728 
Floating rate borrowings, payable in Thai baht, due 2026 - 2027, principally 3.00% - 3.05%
— 21,870 
Floating rate borrowings, payable in other currencies, due 2026-2036, principally 4.79%-6.95% (2)
188,934 151,027 
Total
2,736,617 3,022,934 
Subordinated debt (1):
Fixed rate bonds and notes, payable in Japanese yen, due 2030 , principally 2.61%
30,000 10,000 
Fixed rate bonds and notes, payable in US dollars, due 2027-2030, principally 7.50%-8.00%
2,049 1,234 
Fixed rate bonds and notes, payable in Thai baht, due 2031-2034, principally 3.00%-4.30%
228,800 252,720 
Floating rate bonds and notes, payable in US dollars, due 2028, principally 10.86%
4,777 3,830 
Total265,626 267,784 
Total3,018,580 3,303,809 
Total21,036,051 21,900,789 
Debt issuance cost¥(13,644)¥(16,440)
Total¥21,022,407 ¥21,884,349 
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, 2025 and 2026.
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, 2026:
 MUFG BK 
Other
 subsidiaries
 Total
 (in millions)
Fiscal year ending March 31:       
2027¥492,606 ¥1,712,163 ¥805,578 ¥3,010,347 
20281,558,437 1,079,297 448,919 3,086,653 
20291,370,383 403,349 456,906 2,230,638 
2030767,242 150,040 126,794 1,044,076 
2031712,653 190,924 131,449 1,035,026 
2032 and thereafter8,953,788 1,206,098 1,334,163 11,494,049 
Total¥13,855,109 ¥4,741,871 ¥3,303,809 ¥21,900,789 
New Issuances of Debt for Basel III
For the fiscal year ended March 31, 2026, the MUFG Group obtained unsecured perpetual subordinated Additional Tier 1 debt financing of $1,000 million (approximately ¥159,880 million), and ¥350,000 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, 2026, the MUFG Group obtained debt financing of ¥40,000 million, $9,000 million (approximately ¥1,438,920 million), and €1,650 million (approximately ¥302,627 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 7.10% on a leverage exposure basis.
For the fiscal year ended March 31, 2026, the MUFG Group obtained subordinated term Tier 2 debt financing of ¥172,000 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.