Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc.
Native name
株式会社三菱UFJフィナンシャル・グループ
Kabushiki gaisha Mitsubishi Yūefujei Finansharu Gurūpu
Company typePublic (Kabushiki gaisha)
IndustryFinancial services
Predecessor
  • Mitsubishi Tokyo Financial Group
  • UFJ Holdings
FoundedOctober 1, 2005 (2005-10-01) (by merger)
Headquarters
2-7-1 Marunouchi, Chiyoda, Tokyo
,
Japan
Area served
Worldwide
Key people
Kanetsugu Mike
(Chairman)
Hironori Kamezawa
(President and Group CEO)
Products
RevenueIncrease JP¥4.495 trillion (2013)[1]
Increase JP¥1.069 trillion (2013)[1]
AUMDecrease US$684 billion (2022)[2]
Total assetsIncrease US$3.1 trillion (2020)[3]
Total equityIncrease JP¥10.608 trillion (2013)[1]
OwnerMitsubishi Group
Number of employees
168,500 (2020)[4]
Subsidiaries
Websitemufg.jp

Mitsubishi UFJ Financial Group, Inc. (MUFG; 株式会社三菱UFJフィナンシャル・グループ, Kabushiki gaisha Mitsubishi Yūefujei Finansharu Gurūpu) is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan.[5] MUFG was created in 2005 by merger between Mitsubishi Tokyo Financial Group (株式会社三菱東京フィナンシャル・グループ, Kabushiki kaisha mitsubishi tōkyō finansharu gurūpu) and UFJ Holdings (株式会社UFJホールディングス; kabushikigaisha yūefujei hōrudingusu). These two groups in turn brought together multiple predecessor banks including Mitsubishi Bank (est. 1880), Yokohama Specie Bank (est. 1880 as a policy bank, reorganized after World War II as Bank of Tokyo), Sanwa Bank (est. 1933 by merger of prior institutions), and Tokai Bank (est. 1941 by merger).

MUFG holds assets of around US$2.7 trillion as of 2024 and is the parent company of fully-owned MUFG Bank (branded Bank of Tokyo Mitsubishi UFJ or BTMU until July 2018[6]), Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities, Mitsubishi UFJ Capital, and MUFG Americas Holdings Corporation; majority shareholder of Bank Danamon in Indonesia, Bank of Ayudhya in Thailand, and Mitsubishi UFJ NICOS in Japan; and a large minority shareholder in the Master Trust Bank of Japan, Morgan Stanley in the United States, Security Bank in the Philippines, and Vietinbank in Vietnam. It retains strong links with the Mitsubishi Group and is often described as one of that group’s "Three Great Houses", together with Mitsubishi Corporation and Mitsubishi Heavy Industries.[7]

MUFG is Japan's largest financial group and one of the world's ten largest bank holding companies holding around US$1.5 trillion (JP¥227 trillion) in deposits as of April 2024.[8] In Japan, it is the largest of the three so-called megabanks with $2.9 trillion in total assets at end-March 2023, ahead of SMBC Group ($2.0 trillion) and Mizuho Financial Group ($1.9 trillion).[9] It has been consistently listed as a systemically important bank by the Financial Stability Board.

  1. ^ a b c "US. SEC Annual Report (Form 20-F)" (PDF). May 2013. Archived from the original (PDF) on 25 December 2015. Retrieved 14 October 2013.
  2. ^ "Asset Management".
  3. ^ "Who We Are". 13 October 2020.
  4. ^ "Mitsubishi UFJ Financial: Number of Employees 2006-2021 | MUFG".
  5. ^ "About MUFG Archived February 10, 2010, at the Wayback Machine." Mitsubishi UFJ Financial Group. Retrieved on 7 December 2009.
  6. ^ "Bank of Tokyo-Mitsubishi UFJ rebranded as MUFG Bank". Gulf News. 16 July 2018.
  7. ^ "MUFG; Company Overview – Mitsubishi UFJ Financial Group". www.mufg.jp. Archived from the original on 10 February 2010.
  8. ^ "MUFG Americas Corporate Profile". www.mufgamericas.com. 1 April 2024. Archived from the original on 28 July 2024. Retrieved 28 July 2024.
  9. ^ Yuzo Yamaguchi & Mohammad Taqi (18 June 2023). "Japanese megabanks retain top slots in ranking even as total assets drop". S&P Global.

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