Foreign operations include the business conducted by overseas offices, as well as international business conducted from domestic offices, principally several international banking-related divisions of MUFG Bank’s and Mitsubishi UFJ Trust and Banking’s head office in Tokyo, and involve various transactions with debtors and customers residing outside Japan. Close integration of the MUFG Group’s foreign and domestic activities makes precise estimates of the amounts of assets, liabilities, income and expenses attributable to foreign operations difficult and necessarily subjective. Assets, income and expenses attributable to foreign operations are allocated to geographical areas based on the domicile of the debtors and customers.

Generally, interest rates with respect to funds borrowed and loaned between domestic and foreign operations are based on prevailing money market rates appropriate for the transactions. In general, the MUFG Group has allocated all direct expenses and a proportionate share of general and administrative expenses to income derived from foreign loans and other transactions by the MUFG Group’s foreign operations. The following table sets forth estimated total assets at March 31, 2024, 2025 and 2026, and estimated total revenue, total expense, income (loss) before income tax expense (benefit) and net income (loss) attributable to Mitsubishi UFJ Financial Group for the respective fiscal years then ended:


	Domestic		Foreign								Total
	Japan		United States of America		Europe		Asia/ Oceania excluding Japan		Other areas(1)
	(in millions)
Fiscal year ended March 31, 2024:
Total revenue(2)	¥	3,824,225	¥	2,578,487	¥	598,995	¥	2,079,886	¥	951,111	¥	10,032,704
Total expense(3)	2,695,960		2,210,134		692,351		1,849,365		706,668		8,154,478
Income (loss) before income tax expense (benefit)	1,128,265		368,353		(93,356)		230,521		244,443		1,878,226
Net income (loss) attributable to Mitsubishi UFJ Financial Group	930,001		456,755		(239,793)		(77,661)		256,567		1,325,869
Total assets at end of fiscal year	257,518,304		61,312,679		23,578,110		39,486,295		15,925,182		397,820,570
Fiscal year ended March 31, 2025:
Total revenue(2)	¥	2,905,946	¥	3,179,967	¥	1,321,415	¥	2,173,457	¥	1,255,324	¥	10,836,109
Total expense(3)	3,015,746		2,141,975		1,014,249		2,038,743		829,820		9,040,533
Income (loss) before income tax expense (benefit)	(109,800)		1,037,992		307,166		134,714		425,504		1,795,576
Net income (loss) attributable to Mitsubishi UFJ Financial Group	(343,745)		903,188		219,445		115,817		372,228		1,266,933
Total assets at end of fiscal year	261,732,514		66,393,043		23,652,847		38,556,319		15,605,488		405,940,211
Fiscal year ended March 31, 2026:
Total revenue(2)	¥	4,407,092	¥	3,283,133	¥	956,645	¥	2,078,650	¥	1,141,744	¥	11,867,264
Total expense(3)	3,737,025		1,999,441		1,123,782		1,792,496		705,025		9,357,769
Income (loss) before income tax expense (benefit)	670,067		1,283,692		(167,137)		286,154		436,719		2,509,495
Net income (loss) attributable to Mitsubishi UFJ Financial Group	270,426		1,196,575		(277,182)		132,051		407,489		1,729,359
Total assets at end of fiscal year	254,932,299		80,069,950		28,386,626		42,930,411		19,262,366		425,581,652


	2025		2026
	(in millions)
Cash and due from banks	¥	786,831	¥	820,940
Interest-earning deposits in other banks	12,055,034		16,926,174
Total	¥	12,841,865	¥	17,747,114
Trading account assets	¥	36,473,239	¥	42,593,213
Investment securities	¥	12,773,480	¥	13,835,608
Loans—net of unearned income, unamortized premiums and deferred loan fees	¥	56,713,215	¥	67,245,022
Deposits	¥	65,410,708	¥	69,774,657
Funds borrowed:
Call money, funds purchased	¥	155,975	¥	53,215
Payables under repurchase agreements	16,039,173		15,473,811
Payables under securities lending transactions	32,194		30,653
Other short-term borrowings	6,941,877		7,905,018
Long-term debt	1,864,473		2,015,345
Total	¥	25,033,692	¥	25,478,042
Trading account liabilities	¥	8,026,912	¥	9,682,798