Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Financing Receivable, Past Due

The table below presents total outstanding loans and past due analysis by class at March 31, 2023 and 2024.

	Past Due
At March 31, 2023:	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	¥	6,599	¥	12,485	¥	19,084	¥	55,519,315	¥	87,659	¥	55,626,058	¥	2,652
Foreign	8,818		33,203		42,021		41,268,228		879,423		42,189,672		12,158
Residential	32,514		11,496		44,010		12,830,845		—		12,874,855		3,342
Card	14,992		26,587		41,579		431,263		—		472,842		—
Krungsri	188,802		136,627		325,429		7,457,206		—		7,782,635		—
Other	14,241		20,235		34,476		1,375,934		—		1,410,410		—
Total	¥	265,966	¥	240,633	¥	506,599	¥	118,882,791	¥	967,082	¥	120,356,472	¥	18,152
Unearned income, unamortized premiums—net and deferred loan fees—net											(401,012)
Total											¥	119,955,460
	Past Due
At March 31, 2024:	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	244,414		204,894		449,308		8,383,588		—		8,832,896		—
Other	23,125		28,553		51,678		1,706,489		—		1,758,167		—
Total	¥	324,827	¥	309,621	¥	634,448	¥	126,836,764	¥	953,584	¥	128,424,796	¥	20,148
Unearned income, unamortized premiums—net and deferred loan fees—net											(488,301)
Total											¥	127,936,495

Nonaccrual Loans by Class

The information on nonaccrual loans by class at March 31, 2023 and 2024, and recognized interest income on nonaccrual loans by class for the fiscal years ended March 31, 2023 and 2024 are shown below:

	Recorded Loan Balance
March 31, 2023:	Nonaccrual  Loans(1)		Nonaccrual Loans  Not Requiring  an Allowance for  Credit Losses(2)		Recognized  Interest  Income
	(in millions)
Commercial
Domestic	¥	401,836	¥	99,657	¥	5,409
Foreign	246,675		65,242		5,918
Residential	47,910		3,962		1,052
Card	67,159		—		17
Krungsri	211,705		3,286		6,482
Other	29,848		5		3,885
Total	¥	1,005,133	¥	172,152	¥	22,763

	Recorded Loan Balance
March 31, 2024:	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	278,709		2,909		10,208
Other	33,782		16		2,826
Total	¥	946,773	¥	156,550	¥	26,567

Notes:

(1)Nonaccrual loans in the above table do not include loans held for sale of ¥9,205 million and ¥378,401 million at March 31, 2023 and 2024, 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 years ended March 31, 2022 and 2023:

Fiscal year ended March 31, 2022	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	¥	168,348	¥	167,342	¥	12,020
Foreign	16,144		16,144		13,180
Residential(1)(3)	22,484		22,484		203
Card(2)(3)	20,937		19,824		2,746
MUAH(2)(3)	11,384		11,384		—
Krungsri(2)(3)	14,869		14,869		5,657
Other(2)	11,403		11,403		4,715
Total	¥	265,569	¥	263,450	¥	38,521

Notes:

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

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

(3)For the fiscal year ended March 31, 2022, extension of the stated maturity date of loans was the primary concession type in the Commercial, Residential and Krungsri segments, reduction in the stated rate was the primary concession type in the Card segment and forbearance was the primary concession type in the MUAH segment.

Fiscal year ended March 31, 2023	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)	94,790		94,790		5,289
Other(2)	21,141		21,141		1,569
Total	¥	257,373	¥	256,425	¥	29,825

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 year ended March 31, 2024:

Fiscal year ended March 31, 2024:	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	¥	553	0.01	%	¥	217
Term extension	301,293		3.41		10,329
Combination of interest rate reduction and term extension	1,663		0.02		492
Combination of term extension and principal forgiveness	663		0.01		444
All other modifications and combinations	1,143		0.01		187
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	—		—		—

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 year ended March 31, 2024:

Fiscal year ended March 31, 2024:	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 1.38%.
Term extension	Added a weighted-average 2.3 years to the life of loans.
Principal forgiveness	Reduced the principal balance of the loans by ¥1,269 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.

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 year ended March 31, 2024:

Fiscal year ended March 31, 2024:	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)	277,919		18,125		9,271
Other(2)	5,673		1,448		294
Total	¥	725,588	¥	25,192	¥	12,123

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

Credit quality indicators of loans and fiscal year of origination by class at March 31, 2023 are shown below:

	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, 2023	2022		2021		2020		2019		2018		Prior
	(in millions)
Commercial:	¥	32,957,651	¥	10,100,587	¥	8,626,319	¥	5,653,421	¥	4,385,807	¥	9,366,641	¥	25,743,172	¥	15,050	¥	96,848,648
Domestic	20,132,474		6,099,692		6,675,895		4,002,329		3,214,528		7,406,590		8,006,891		—		55,538,399
Normal	19,867,845		5,957,659		6,472,135		3,823,755		3,126,146		6,722,981		7,722,379		—		53,692,900
Close Watch	222,202		124,499		172,270		114,534		74,635		567,514		262,686		—		1,538,340
Likely to become Bankrupt or Legally/Virtually Bankrupt	42,427		17,534		31,490		64,040		13,747		116,095		21,826		—		307,159
Foreign	12,825,177		4,000,895		1,950,424		1,651,092		1,171,279		1,960,051		17,736,281		15,050		41,310,249
Normal	12,508,547		3,931,278		1,857,934		1,577,120		1,083,934		1,824,977		17,540,822		15,050		40,339,662
Close Watch	262,388		34,656		60,637		50,210		71,966		79,450		174,436		—		733,743
Likely to become Bankrupt or Legally/Virtually Bankrupt	54,242		34,961		31,853		23,762		15,379		55,624		21,023		—		236,844
Residential	¥	688,000	¥	747,161	¥	607,237	¥	919,359	¥	811,469	¥	9,077,669	¥	23,960	¥	—	¥	12,874,855
Accrual	687,800		747,121		607,047		918,781		810,933		9,034,589		22,093		—		12,828,364
Nonaccrual	200		40		190		578		536		43,080		1,867		—		46,491
Card	¥	12	¥	147	¥	240	¥	239	¥	181	¥	587	¥	403,687	¥	67,749	¥	472,842
Accrual	1		7		10		8		9		37		391,237		14,374		405,683
Nonaccrual	11		140		230		231		172		550		12,450		53,375		67,159
Krungsri	¥	1,824,628	¥	1,046,959	¥	654,933	¥	692,616	¥	515,731	¥	605,053	¥	2,427,923	¥	14,792	¥	7,782,635
Performing	1,689,034		956,470		570,865		553,616		406,258		459,322		2,292,418		—		6,927,983
Under-Performing	108,770		66,555		67,504		111,435		85,928		98,103		104,652		—		642,947
Non-Performing	26,824		23,934		16,564		27,565		23,545		47,628		30,853		14,792		211,705
Other	¥	551,560	¥	190,786	¥	108,148	¥	48,867	¥	19,875	¥	80,252	¥	410,922	¥	—	¥	1,410,410
Accrual	549,274		187,638		106,522		47,235		17,832		75,726		396,334		—		1,380,561
Nonaccrual	2,286		3,148		1,626		1,632		2,043		4,526		14,588		—		29,849

Credit quality indicators of loans and fiscal year of origination by class at March 31, 2024, and gross charge-offs for the fiscal year ended March 31, 2024 are shown below:

	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:	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	¥	2,215,333	¥	1,450,106	¥	765,619	¥	424,919	¥	446,139	¥	757,303	¥	2,757,237	¥	16,240	¥	8,832,896
Performing	2,071,276		1,275,616		664,819		351,517		331,928		549,104		2,586,440		—		7,830,700
Under-Performing	108,463		110,830		72,604		58,066		88,437		146,982		138,105		—		723,487
Non-Performing	35,594		63,660		28,196		15,336		25,774		61,217		32,692		16,240		278,709
Gross charge-offs	6,514		43,442		24,871		12,054		12,636		15,261		29,402		2,405		¥	146,585
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

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, 2022, 2023 and 2024 are shown below:

Fiscal year ended March 31, 2022:	Commercial		Residential		Card		MUAH		Krungsri		Other		Total
	(in millions)
Allowance for credit losses:
Balance at beginning of fiscal year	¥	734,577	¥	82,893	¥	44,217	¥	131,755	¥	293,396	¥	61,553	¥	1,348,391
Provision for (reversal of) credit losses	236,659		(10,899)		15,473		(101,112)		90,514		47,360		277,995
Charge-offs	57,848		2,121		20,153		19,208		83,474		55,208		238,012
Recoveries collected	11,898		14		1,231		9,532		22,890		13,150		58,715
Net charge-offs	45,950		2,107		18,922		9,676		60,584		42,058		179,297
Other(1)	8,800		—		—		9,398		(940)		6,354		23,612
Balance at end of fiscal year	¥	934,086	¥	69,887	¥	40,768	¥	30,365	¥	322,386	¥	73,209	¥	1,470,701

Fiscal year ended March 31, 2023:	Commercial		Residential		Card		Krungsri		Other(2)		Total
	(in millions)
Allowance for credit losses:
Balance at beginning of fiscal year	¥	934,086	¥	69,887	¥	40,768	¥	322,386	¥	103,574	¥	1,470,701
Transfer from MUAH to Commercial segment	33,062		—		—		—		(33,062)		—
Provision for (reversal of) credit losses	(113,886)		(9,511)		19,236		70,729		41,580		8,148
Charge-offs	158,780		645		18,255		95,489		55,922		329,091
Recoveries collected	18,784		16		720		25,457		24,506		69,483
Net charge-offs	139,996		629		17,535		70,032		31,416		259,608
Other(1)	6,323		—		—		34,948		12,386		53,657
Balance at end of fiscal year	¥	719,589	¥	59,747	¥	42,469	¥	358,031	¥	93,062	¥	1,272,898

Fiscal year ended March 31, 2024:	Commercial		Residential		Card		Krungsri		Other		Total
	(in millions)
Allowance for credit losses:
Balance at beginning of fiscal year	¥	719,589	¥	59,747	¥	42,469	¥	358,031	¥	93,062	¥	1,272,898
Provision for (reversal of) credit losses	66,240		(1,500)		21,927		117,553		33,770		237,990
Charge-offs	72,792		1,289		21,020		146,585		38,633		280,319
Recoveries collected	14,488		6		713		30,635		17,173		63,015
Net charge-offs	58,304		1,283		20,307		115,950		21,460		217,304
Other(1)(3)(4)	17,989		—		(7,666)		54,837		7,477		72,637
Balance at end of fiscal year	¥	745,514	¥	56,964	¥	36,423	¥	414,471	¥	112,849	¥	1,366,221

Notes:

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

(2)For the fiscal year ended March 31, 2023, the beginning balance and the ending balance of the Other segment in the above table includes the allowance for credit losses of ¥30,365 million and ¥3,428 million, respectively, which were previously included in the MUAH segment.

(3)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.

(4)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