| Major Components of Other Assets and Liabilities |
Major components of other assets and liabilities at March 31, 2025 and 2026 were as follows: | | | | | | | | | | | | | | 2025 | | 2026 | | | (in millions) | | Other assets: | | | | | Accounts receivable: | | | | | Receivables from brokers, dealers and customers for securities transactions | ¥ | 293,058 | | | ¥ | 760,323 | | Other(1) | 2,026,871 | | | 2,071,305 | | | Investments in equity method investees | 4,564,269 | | | 5,461,950 | | | Prepaid benefit cost (Note 13) | 2,196,632 | | | 2,639,445 | | | Cash collateral pledged for derivative transactions (Note 9) | 2,566,588 | | | 4,261,209 | | | Cash collateral for the use of Bank of Japan’s settlement infrastructure | 10,000 | | | 10,000 | | | Accrued interest | 761,358 | | | 864,973 | | | Deferred tax assets (Note 8) | 123,343 | | | 131,902 | | | Right-of-use assets of operating leases (Note 7) | 247,221 | | | 282,736 | | Other(2) | 6,344,058 | | | 9,279,436 | | | Total | ¥ | 19,133,398 | | | ¥ | 25,763,279 | | | Other liabilities: | | | | | Accounts payable: | | | | | Payables to brokers, dealers and customers for securities transactions | ¥ | 1,447,659 | | | ¥ | 1,596,728 | | | Other | 1,690,202 | | | 2,161,767 | | | Obligations to return securities received as collateral (Notes 15, 16 and 31) | 6,046,755 | | | 8,468,326 | | | Accrued interest | 560,982 | | | 583,981 | | | Deferred tax liabilities (Note 8) | 754,888 | | | 773,980 | | | Allowance for off-balance sheet credit instruments | 178,054 | | | 160,786 | | | Accrued benefit cost (Note 13) | 103,957 | | | 106,363 | | | Guarantees and indemnifications | 73,443 | | | 93,686 | | | Cash collateral received for derivative transactions (Note 9) | 1,415,939 | | | 1,417,988 | | | Obligations under operating leases (Note 7) | 341,499 | | | 370,365 | | | Accrued and other liabilities | 3,799,463 | | | 4,153,797 | | | Total | ¥ | 16,412,841 | | | ¥ | 19,887,767 | |
Notes: (1)Accounts receivable—Other is primarily comprised of receivables relating to the card business. The provision or reversal of the allowance for credit losses relating to the receivables is included in Non-interest expense on the consolidated statements of income. The credit quality for these receivables is primarily evaluated based on the extent of delinquency. The outstanding balance of these account receivables are presented on a net basis after allowance for credit losses. The change of allowance for credit losses during the fiscal years ended March 31, 2024, 2025 and 2026 is primarily due to provision or reversal of the allowance for the receivables. (2)Other includes a contract to purchase equity shares of Shriram Finance Limited held by MUFG Bank. MUFG Bank measured the fair value of the investment agreement to acquire a 20.0% equity interest in Shriram Finance Limited (“SFL”) as of March 31, 2026, based on the difference between the agreed share purchase price and the market price as of March 31, 2026. As a result, MUFG Bank recognized ¥25,111 million of the contract in Other Assets. See Note 33 for further information.
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| Summarized Financial Information |
Summarized financial information of Morgan Stanley, the largest portion of the MUFG Group’s equity method investees, as of March 31, 2025 and 2026, and for each of the three years ended March 31, 2026 is as follows: | | | | | | | | | | | | | | 2025 | | 2026 | | | (in billions) | | Trading assets | ¥ | 59,844 | | | ¥ | 84,131 | | | Securities purchased under agreements to resell | 17,800 | | | 20,605 | | | Securities borrowed | 20,967 | | | 24,713 | | | Total assets | 194,420 | | | 252,837 | | | Deposits | 57,051 | | | 68,424 | | | Customer and other payables | 30,163 | | | 41,455 | | | Borrowings | 45,662 | | | 59,406 | | | Total liabilities | 178,295 | | | 234,390 | | | Noncontrolling interests | 155 | | | 176 | |
| | | | | | | | | | | | | | | | | | | | 2024 | | 2025 | | 2026 | | | (in billions) | | Net revenues | ¥ | 7,907 | | | ¥ | 9,739 | | | ¥ | 11,081 | | | Total non-interest expenses | 6,068 | | | 6,843 | | | 7,498 | | | Income from continuing operations before income taxes | 1,798 | | | 2,835 | | | 3,536 | | | Net income applicable to Morgan Stanley | 1,375 | | | 2,162 | | | 2,736 | |
Summarized financial information of the MUFG Group’s equity method investees, other than Morgan Stanley as of March 31, 2025 and 2026, and for each of the three years ended March 31, 2026 is as follows: | | | | | | | | | | | | | | 2025 | | 2026 | | | (in billions) | | Net loans | ¥ | 20,315 | | | ¥ | 21,992 | | | Total assets | 40,852 | | | 44,782 | | | Deposits | 13,742 | | | 15,644 | | | Total liabilities | 32,900 | | | 35,404 | | | Noncontrolling interests | 93 | | | 106 | |
| | | | | | | | | | | | | | | | | | | | 2024 | | 2025 | | 2026 | | | (in billions) | | Total interest income | ¥ | 1,820 | | | ¥ | 1,998 | | | ¥ | 2,052 | | | Total interest expense | 782 | | | 775 | | | 868 | | | Net interest income | 1,038 | | | 1,223 | | | 1,184 | | | Provision for credit losses | 291 | | | 366 | | | 252 | | | Income before income tax expense | 698 | | | 838 | | | 1,164 | | | Net income | 596 | | | 704 | | | 997 | |
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