The bank maintains a stable capital structure with an equity-to-assets ratio of 0.05, while total assets have expanded to $433.6 trillion driven by a significant increase in investment securities.
| Metric | Mar'26 | Mar'25 | Mar'24 | Mar'23 | Mar'22 | Mar'21 | Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 | Mar'08 | Mar'07 | Mar'06 | Mar'05 | Mar'04 | Mar'03 | Mar'02 | Mar'01 | Mar'00 | Mar'99 | Mar'98 | Mar'97 |
|---|
| Cash & Short Term Investments | 131.77T | 154.1T | 109.88T | 113.63T | 110.76T | 150.1T | 100.73T | 95.26T | 119.72T | 102.62T | 90.38T | 88.21T | 76.08T | 70.58T | 67.07T | 65.36T | 89.64T | 40.38T | 49.51T | 54.94T | 58.31T | 8.77T | 6.61T | 8.29T | 6.18T | 7.2T | 5.84T | 4.33T | 12.68T | 12.62T |
| Cash & Due from Banks | 91.6T | 109.1T | 109.88T | 113.63T | 110.76T | 102.98T | 78.34T | 74.21T | 75.86T | 63.53T | 49.16T | 40.72T | 24.19T | 11.73T | 9.33T | 10.93T | 7.64T | 6.99T | 10.78T | 9.26T | 12.83T | 8.77T | 6.61T | 8.29T | 6.18T | 7.2T | 5.84T | 4.33T | 12.68T | 12.62T |
| Short Term Investments | 40.17T | 45T | 0 | 0 | 0 | 47.12T | 22.4T | 21.05T | 39.5T | 39.09T | 41.23T | 47.49T | 51.89T | 58.84T | 57.74T | 54.44T | 50.41T | 33.39T | 38.73T | 45.68T | 45.49T | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 292.79T | 260.36T | 221.17T | 211.49T | 202.99T | 142.08T | 116.53T | 110.83T | 113.47T | 124.28T | 136.41T | 148.65T | 149.48T | 162.81T | 154.86T | 143.09T | 133.71T | 101.86T | 94.79T | 106.03T | 105.63T | 37.52T | 37.45T | 33.02T | 31.24T | 23.01T | 23.33T | 21.87T | 20.66T | 13.38T |
| Investments Growth % | 12.45% | 17.72% | 4.58% | 4.19% | 42.87% | 21.93% | 5.14% | -2.33% | -8.7% | -8.89% | -8.23% | -0.56% | -8.19% | 5.13% | 8.22% | 7.02% | 31.26% | 7.46% | -10.6% | 0.38% | 181.57% | 0.18% | 13.42% | 5.71% | 35.73% | -1.37% | 6.7% | 5.86% | 54.43% | 50.33% |
| Long-Term Investments | 252.62T | 215.36T | 221.17T | 211.49T | 202.99T | 94.96T | 94.13T | 89.78T | 151.77T | 85.19T | 95.19T | 101.16T | 97.6T | 103.97T | 97.12T | 88.66T | 82.71T | 68.47T | 56.06T | 60.35T | 60.15T | 37.52T | 37.45T | 33.02T | 31.24T | 23.01T | 23.33T | 21.87T | 20.66T | 13.38T |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 1.82T | 2.71T | 2.9T | 2.53T | 1.87T | 1.78T | 1.83T | 3.49T | 2.43T | 3.11T | 1.88T | 1.73T | 1.88T | 1.79T | 1.84T | 2.03T | 987.88B | 148.87B | 112.43B | 214.12B | 262.43B | 194.51B | 233.95B | 403.36B | 473.81B |
| Goodwill & Intangibles | 1.96T | 1.88T | 1.67T | 1.36T | 1.34T | 1.44T | 1.5T | 1.14T | 1.45T | 1.26T | 1.25T | 1.97T | 1.86T | 1.28T | 1.25T | 1.35T | 1.5T | 1.57T | 2.41T | 3.11T | 3.35T | 339.82B | 290.55B | 3.19T | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 513.68B | 530.39B | 405.63B | 252.01B | 271.35B | 273.09B | 283.67B | 237.31B | 441.33B | 267.39B | 278.63B | 807.61B | 728.51B | 417.96B | 354.28B | 363.39B | 381.5B | 379.43B | 1.07T | 1.84T | 1.84T | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.45T | 1.35T | 1.27T | 1.11T | 1.07T | 1.16T | 1.21T | 899.22B | 1.01T | 990.49B | 976.1B | 1.16T | 1.13T | 866.15B | 896.48B | 991.52B | 1.12T | 1.19T | 1.34T | 1.27T | 1.5T | 339.82B | 290.55B | 3.19T | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 1.42T | 1.24T | 1.23T | 1.22T | 1.24T | 1.3T | 1.32T | 1.34T | 1.01T | 1.36T | 1.36T | 982.21B | 1.24T | 1.06T | 987.47B | 962.55B | 995.17B | 1.04T | 1.08T | 1.15T | 1.17T | 569.51B | 579.55B | 642.95B | 682.49B | 521.34B | 414.41B | 447.18B | 471.6B | 501.73B |
| Other Assets | 45.68T | 40.39T | 69.6T | 58.78T | 57.19T | -137.99B | -127.52B | -9.51T | -77.74T | 1.96T | 1.67T | 274.58T | 246.87T | 224.6T | 0 | 0 | 585.46B | 0 | 0 | 0 | 0 | 0 | 0 | 234.77B | -31.92T | -23.53T | -23.75T | -22.32T | -21.13T | -13.88T |
| Total Current Assets | 131.77T | 154.1T | 109.88T | 113.63T | 110.76T | 151.92T | 103.45T | 228.29T | 230.35T | 213.4T | 198.71T | 176.77T | 152.97T | 124.25T | 115.84T | 111.89T | 86.49B | 122.41T | 51.3T | 56.78T | 121.55T | 70.05T | 65.28T | 62.5T | 8.35T | 10.62T | 6.04T | 4.57T | 13.08T | 13.09T |
| Total Non-Current Assets | 301.83T | 259.02T | 293.83T | 273.17T | 262.97T | 97.69T | 96.95T | 82.85T | 76.59T | 89.89T | 99.6T | 104.11T | 100.7T | 106.31T | 99.36T | 90.98T | 85.79T | 71.09T | 59.55T | 64.61T | 64.67T | 38.43T | 38.32T | 33.9T | 31.92T | 23.53T | 23.75T | 22.32T | 21.13T | 13.88T |
| Total Assets | 433.6T | 413.11T | 403.7T | 386.8T | 373.73T | 359.47T | 336.57T | 311.14T | 300.57T | 303.3T | 298.3T | 280.89T | 253.66T | 230.56T | 215.2T | 202.86T | 200.08T | 193.5T | 190.73T | 186.2T | 186.22T | 108.47T | 103.6T | 96.4T | 94.53T | 76.74T | 71.88T | 74.28T | 86.77T | 83.56T |
| Asset Growth % | 4.96% | 2.33% | 4.37% | 3.5% | 3.97% | 6.8% | 8.17% | 3.52% | -0.9% | 1.67% | 6.2% | 10.73% | 10.02% | 7.14% | 6.08% | 1.39% | 3.4% | 1.45% | 2.43% | -0.01% | 71.67% | 4.7% | 7.47% | 1.98% | 23.19% | 6.75% | -3.23% | -14.39% | 3.84% | 53.07% |
| Return on Assets (ROA) | 0.61% | 0.46% | 0.38% | 0.29% | 0.31% | 0.22% | 0.16% | 0.29% | 0.33% | 0.31% | 0.33% | 0.39% | 0.42% | 0.48% | 0.2% | 0.22% | 0.44% | -0.76% | -0.29% | 0.31% | 0.25% | 0.39% | 0.82% | 0.26% | -0.25% | -0.15% | 0.05% | -0.43% | -0.91% | 0.05% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 2.59T | 2.52T | 2.81T | 2.77T | 2.12T | 2.47T | 3.05T | 2.23T | 2.24T | 3.12T | 2.44T | 1.99T | 2.4T | 1.68T | 2.12T | 1.69T | 1.21T | 103.32B | 84.47B | 211.33B | 294.47B | 109.43B | 291.53B | 308.5B | 490.64B |
| Total Debt | 78.69T | 89.4T | 61.23T | 62.41T | 46.73T | 18.09T | 20.26T | 34.02T | 36.4T | 31.99T | 13.6T | 29.2T | 22.77T | 20.15T | 19.08T | 18.64T | 20.26T | 19.9T | 19.94T | 22.67T | 26.7T | 16.71T | 11.31T | 8.64T | 15.62T | 9.9T | 10.02T | 11T | 13.15T | 12.77T |
| Net Debt | -12.92T | -19.69T | -48.65T | -51.22T | -64.03T | -84.89T | -33.42T | -40.18T | -39.45T | -31.53T | -35.56T | -11.52T | -1.42T | 8.42T | 9.75T | 7.72T | 12.62T | 12.92T | 9.17T | 13.41T | 13.87T | 7.95T | 4.7T | 350.14B | 9.45T | 2.7T | 4.18T | 6.67T | 476.54B | 147B |
| Long-Term Debt | 28.18T | 37.49T | 17.52T | 16.76T | 14.57T | 35.14T | 14.43T | 277.14B | 264.33B | 10.74T | 258.79B | 254.44B | 14.19T | 11.91T | 12.49T | 13.18T | 13.95T | 13T | 13.22T | 14.39T | 21.1T | 13.65T | 5.65T | 4.6T | 7.47T | 4.45T | 3.98T | 6T | 9.39T | 7.71T |
| Short-Term Debt | 50.51T | 51.91T | 43.71T | 45.65T | 32.16T | 4.14T | 0 | 0 | 0 | 0 | 0 | 5.78T | 0 | 8.15T | 6.49T | 5.29T | 5.12T | 6.63T | 6.27T | 6.37T | 5.6T | 10.73T | 5.66T | 2.18T | 8.16T | 5.45T | 3.06T | 5T | 3.76T | 5.06T |
| Other Liabilities | 330.52T | 36.11T | 74.75T | 73.28T | 76.53T | 302.44T | 0 | 6.43T | 4.24T | -7.81T | 700.7B | -865.81B | 0 | -11.57T | 41.01B | 0 | 0 | -13.31T | -13.79T | -14.63T | -21.26T | -13.65T | -5.65T | -4.6T | -7.47T | -4.45T | -3.98T | -6T | -9.39T | -7.71T |
| Total Current Liabilities | 50.51T | 317.16T | 290.14T | 278.24T | 264.05T | 6.74T | 8.35T | 7.59T | 7.41T | 6.4T | 6.12T | 13.31T | 10.74T | 10.39T | 9.6T | 7.73T | 7.11T | 9.03T | 7.94T | 10.57T | 7.29T | 10.84T | 5.76T | 3.62T | 8.37T | 5.75T | 3.17T | 5.29T | 4.07T | 5.55T |
| Total Non-Current Liabilities | 359.25T | 74.23T | 92.82T | 90.28T | 91.69T | 337.58T | 25.09T | 24.2T | 22.92T | 38.48T | 24.23T | 19.85T | 14.51T | 12.12T | 12.63T | 13.48T | 14.24T | 13.31T | 13.79T | 14.63T | 21.26T | 5.98T | 5.65T | 5.15T | 7.47T | 4.45T | 6.96T | 6T | 9.39T | 7.71T |
| Total Liabilities | 409.76T | 391.39T | 382.96T | 368.53T | 355.74T | 341.76T | 319.72T | 293.88T | 284.92T | 286.64T | 280.92T | 265.6T | 240.91T | 219.62T | 206.34T | 194.19T | 190.98T | 187.26T | 182.24T | 175.77T | 176.55T | 104.1T | 99.76T | 93.85T | 91.9T | 74.32T | 68.69T | 71.64T | 84.03T | 80T |
| Total Equity | 23.85T | 21.73T | 20.75T | 18.27T | 17.99T | 17.72T | 16.86T | 17.26T | 15.65T | 16.66T | 17.39T | 15.28T | 12.75T | 10.94T | 8.86T | 8.67T | 9.1T | 6.23T | 8.49T | 10.43T | 9.67T | 4.38T | 3.84T | 2.55T | 2.63T | 2.42T | 3.2T | 2.64T | 2.74T | 3.56T |
| Equity Growth % | 9.75% | 4.73% | 13.54% | 1.58% | 1.54% | 5.11% | -2.35% | 10.33% | -6.08% | -4.19% | 13.78% | 19.84% | 16.54% | 23.52% | 2.16% | -4.74% | 46% | -26.56% | -18.62% | 7.91% | 120.98% | 13.84% | 50.75% | -3.1% | 8.65% | -24.28% | 20.94% | -3.58% | -23.07% | 44.05% |
| Equity / Assets (Capital Ratio) | 5.5% | 5.26% | 5.14% | 4.72% | 4.81% | 4.93% | 5.01% | 5.55% | 5.21% | 5.49% | 5.83% | 5.44% | 5.03% | 4.75% | 4.12% | 4.27% | 4.55% | 3.22% | 4.45% | 5.6% | 5.19% | 4.03% | 3.71% | 2.64% | 2.78% | 3.16% | 4.45% | 3.56% | 3.16% | 4.27% |
| Return on Equity (ROE) | 11.29% | 8.77% | 7.64% | 6.16% | 6.33% | 4.5% | 3.1% | 5.3% | 6.13% | 5.44% | 5.82% | 7.38% | 8.57% | 10.8% | 4.75% | 5.09% | 11.33% | -19.94% | -5.73% | 5.78% | 5.18% | 10.1% | 25.75% | 9.6% | -8.59% | -3.85% | 1.22% | -12.8% | -24.52% | 1.07% |
| Book Value per Share | 2094.35 | 1866.33 | 1734.57 | 1484.91 | 1406.94 | 1379.39 | 1306.90 | 1317.54 | 1173.28 | 1227.75 | 1245.80 | 1080.90 | 899.25 | 772.24 | 625.74 | 613.02 | 738.11 | 576.18 | 823.81 | 1037.83 | 1190.51 | 659.68 | 585.70 | 318.01 | 486.26 | 517.90 | 663.11 | 566.31 | 585.20 | 819.16 |
| Tangible BV per Share | 1921.83 | 1705.23 | 1594.84 | 1374.54 | 1301.80 | 1267.57 | 1190.72 | 1230.79 | 1064.36 | 1135.04 | 1155.90 | 941.71 | 767.95 | 681.62 | 537.39 | 517.23 | 616.67 | 430.97 | 589.67 | 728.48 | 778.19 | 608.45 | 541.42 | -79.46 | 486.26 | 517.90 | 663.11 | 566.31 | 585.20 | 819.16 |
| Common Stock | 2.15T | 2.14T | 2.14T | 2.14T | 2.14T | 2.14T | 2.14T | 2.14T | 2.09T | 2.14T | 2.14T | 2.09T | 1.65T | 1.65T | 1.65T | 1.64T | 1.64T | 1.13T | 1.08T | 1.08T | 1.08T | 1.09T | 1.07T | 983.42B | 874.68B | 666.99B | 664.61B | 0 | 0 | 162.26B |
| Additional Paid-in Capital | 0 | 0 | 83.62B | 349.66B | 770.28B | 977.29B | 980.1B | 1.03T | 5.74T | 1.41T | 1.43T | 5.96T | 6.36T | 6.35T | 6.38T | 6.4T | 6.62T | 6.1T | 5.79T | 5.83T | 5.57T | 1.08T | 1.06T | 814.13B | 852.35B | 594.86B | 592.68B | 0 | 0 | 0 |
| Retained Earnings | 16.22T | 14.85T | 13.79T | 12.74T | 12T | 11.2T | 10.86T | 10.64T | 4.95T | 9.28T | 8.59T | 3.42T | 2.16T | 1.36T | 482.54B | 254.41B | 221.44B | -845.78B | 935.31B | 1.64T | 1.42T | 1.57T | 1.19T | 405B | 248.54B | 413.77B | 566.58B | 575.38B | 958.53B | 1.77T |
| Accumulated OCI | 4.82T | 4.26T | 4.19T | 2.48T | 2.57T | 2.99T | 2.52T | 2.88T | 2.72T | 2.96T | 3.6T | 3.31T | 1.6T | 813.92B | -356.83B | -381.27B | -45.44B | -574.12B | 1.16T | 2.63T | 2.12T | 396.76B | 389.39B | -114.67B | 524.2B | 623.61B | 1.25T | 689.56B | 650.09B | -177.93B |
| Treasury Stock | -938.19B | -726.63B | -613.82B | -481.09B | -451.29B | -502.79B | -505.52B | -516.65B | -522.87B | -513.26B | -298.92B | -102.52B | -2.51B | -3.01B | -8.41B | -11.25B | -13.95B | -10.68B | -727.29B | -1T | -774.97B | -3.22B | -2.29B | -1.77B | -91.18B | -378.33M | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 442.1B | 442.1B | 442.1B | 442.1B | 442.1B | 442.1B | 247.1B | 247.1B | 247.1B | 247.17B | 136.99B | 221.79B | 222.49B | 122.7B | 122.28B | 122.22B | 0 | 15.67B |
Global commercial real estate
As reported in recent financial statements, MUFG's total assets grew to $433.6 trillion by 2026Q4, a notable increase from $397.1 trillion in 2024Q3, primarily driven by a significant expansion in the investment securities portfolio rather than traditional loan book growth.
The shift toward a larger securities portfolio suggests a strategic pivot to capture yield in a normalizing interest rate environment. Investors should monitor whether this asset growth reflects a deliberate duration strategy or a temporary parking of excess liquidity that may be redeployed as domestic loan demand recovers.
Based on the provided quarterly data, MUFG has maintained a consistent equity-to-assets ratio of approximately 0.05, indicating that the bank is effectively scaling its capital base in tandem with its expanding balance sheet to support regulatory requirements.
This stability in the capital ratio suggests a disciplined approach to capital management, even as the bank aggressively returns value to shareholders. The ability to maintain this leverage profile while expanding the asset base implies that internal capital generation remains sufficient to support both growth and distribution.
According to recent SEC filings, MUFG held $91.6 trillion in cash and bank balances as of 2026Q4, representing a substantial liquidity cushion that provides the institution with significant flexibility to navigate volatile global capital markets and potential funding disruptions.
The maintenance of such a large cash position relative to total liabilities suggests a conservative liquidity management philosophy. This buffer appears to be a critical component of the bank's risk mitigation strategy, particularly given its extensive international footprint and exposure to cyclical global markets.
As indicated by the data, the investment securities portfolio has surged to $292.8 trillion in 2026Q4, which warrants further investigation into the potential for unrealized losses should interest rates rise more rapidly than the bank's current hedging strategies anticipate.
While the securities portfolio drives current income, its sheer scale relative to equity creates a non-obvious risk profile. Any significant mark-to-market volatility in this portfolio could pressure the bank's capital ratios, potentially limiting the capacity for future share buybacks or strategic acquisitions.
Quick answers to the most common questions about buying MUFG stock.
As of 2026, Mitsubishi UFJ Financial Group, Inc. (MUFG) had total assets of $433.60T including $131.77T in current assets.
Mitsubishi UFJ Financial Group, Inc. (MUFG) carries total debt of $78.69T. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Mitsubishi UFJ Financial Group, Inc. (MUFG) has total shareholders' equity (book value) of $22.37T ($2094.35 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Mitsubishi UFJ Financial Group, Inc. (MUFG) reported a current ratio of 2.61x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.