Mitsubishi UFJ Financial : MUFG Report 2023 (JGAAP) (for printing)

MUFG Report 2023

Integrated Report

Issued August 2023

What's

MUFG

Way

MUFG Way serves as the basic policy in conducting our business activities, and provides guidelines for all group activities.

MUFG Way also is the foundation for management decisions, including the formulation of management strategies and management plans, and serves as the core value for all employees.

Values Purpose Vision

Code of Conduct

Purpose

Committed to empowering a brighter future.

Today, all of our stakeholders are striving to overcome challenges and

ind a way to the next stage toward sustainable growth.

We at MUFG will make every effort to help realize these goals. This will be our unchanging purpose now, and into the future.

Values

In addition to our unchanging primary value of "Integrity and Responsibility,"

we also value "Professionalism and Teamwork" and will "Challenge Ourselves to Grow."

Vision

By empowering our stakeholders to ind a way to the next stage toward sustainable growth, we will make every effort to become an indispensable partner for them and to be the world's most trusted inancial group.

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			MUFG's Pursuit of		Management Strategies	Leadership and	Financial Data /
	Management Message		Value Creation		and Performance	Governance	Corporate Data
					Financing for supporting industrial
					development & innovation
					To empower industrial development & innovation,
					we provide inance brokerage which connects
					businesses in need of inancing with depositors
ぐ		and investors.
な			Fund settlement functions
		that enable developing
		social infrastructure in
		remote regions

To empower social infrastructure development, we provide fund settlement including cross-border settlement, and connect parties in distant locations.

Committed to empowering a brighter future.

We are helping to resolve social issued by connecting diverse stakeholders.

Asset management and succession planning to ensure response to aging population & low birthrate

To empower response to aging population and low birthrate, we provide asset management and succession planning to connect customers with future generations, and connect their career savings to retirement life.

Rulemaking for environmental protection in Asia and around the world

To empower climate力change measures and environmental protection initiatives, we take part in international rulemaking and connect Asia with other regions worldwide.

Transforming our corporate culture to enable employees to fully live up to their aspirations and serve as

the driving force behind MUFG

To empower a brighter future, we connect issues the world is now confronting with the aspirations of employees.

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CONTENTS

MUFG Way ...................................................................................................... 1

Contents ......................................................................................................... 3

Management Message

CEO Message ....................................................................................................... 5

CFO Message ................................................................................................... 1 7

Management Strategies and Performance
Review of the Medium-Term Business Plan (MTBP)	5 1
Progress under the Medium-Term Business Plan (MTBP)	5 3
Track Record in Value Creation	5 5
(Financial and Non-Financial Highlights)
Digital Transformation
CDTO Message	5 7

Contribution to Addressing Environmental and

Social Issues

CSuO Message ....................................................................................... 6 1

MUFG's Pursuit of Value Creation
Value Creation Process	2 9
Value Delivered to Stakeholders	3 1
Trajectory of MUFG's Operations Aligned	3 3
with Changes in Society
Message from Kevin Cronin CEO and Regional	3 5
Executive for the Americas

MUFG's Unique Strengths	3 7
Group Companies' Comprehensive Capabilities	3 8
Strategies in Asia	4 1
Alliance with Morgan Stanley	4 5
Global AM Business	4 7

Sustainability Management Focused on	6 3
Addressing 10 Priority Issues
FOCUS Promoting Sustainable Businesses	6 8
Climate Change Measures & Environmental Protection	69
(Disclosure Based on TCFD Recommendations)
Transforming Our Corporate Culture /
Human Capital Strategy
CHRO Message	7 9

Four Key Initiatives Supporting Human Capital	8 1
Management
Fostering a culture of taking on challenges and	8 5
transformation

Main Disclosure Outlets

			Corporate Website
Detailed
		Annual Report	Sustainability Report
		Basel III Information
		Databook	Corporate
		Governance Report
			Integrated Report
			Investor Meeting
			Presentation
General			Business Report
		Financial	Non-Financial

Editorial Overview

To best explain our efforts to create sustained value to our investors and other stakeholders, we, Mitsubishi UFJ Financial Group, or MUFG, have compiled this integrated report, MUFG Report 2023, with reference to such guidelines as the framework provided by the Value Reporting Foundation (VRF) as well as the Guidance for

Collaborative Value Creation issued by the Ministry of Economy, Trade and Industry. Further details on our financial status and sustainability initiatives are available on our website. In addition, our plans call for issuing the MUFG Sustainability Report 2023, a publication detailing our response to sustainability issues, in September 2023 or later.

Reporting Period

April 1, 2022 to March 31, 2023

(The report includes some information pertaining to activities undertaken up to July 2023.)

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		MUFG's Pursuit of		Management Strategies		Leadership and		Financial Data /
Management Message		Value Creation		and Performance		Governance		Corporate Data

Business Group Performance	9 1
Digital Service Business Group (DS)	9 3
Retail & Commercial Banking Business Group (R&C)	9 5
Japanese Corporate & Investment Banking	9 7
Business Group (JCIB)
Global Commercial Banking Business Group (GCB)	99
Asset Management & Investor Services Business	1 0 1
Group (AM/IS)
Global Corporate & Investment Banking Business	1 03
Group (GCIB)
Global Markets Business Group (Global Markets)	1 05
Leadership and Governance
Dialogue between Outside Directors and	1 09
Institutional Investors

Global Advisory Board	1 1 2
Corporate Governance	1 1 3
Risk Management	1 2 3
Cyber Security	1 2 7
Compliance	1 2 9
Internal Audit	1 3 1
Initiatives for Practicing a Customer-Oriented Approach	1 3 2

We would like to extend our gratitude to readers of the MUFG Report 2023 integrated report.

In this edition, we focus on reporting on our progress thus far under the Medium-Term Business Plan (MTBP), the second year of which we have just completed, while including descriptions of what we believe MUFG ideally should look like in the long term, initiatives we are taking on to enhance shareholder value and messages from key management members. Also, based on feedback gleaned from stakeholder dialogue, this edition incorporates enriched descriptions regarding MUFG's unique strengths including Group companies' comprehensive capabilities as well as global network in order to facilitate understanding.

As the officer in charge of IR and responsible for the preparation of this report, I hereby declare that the MUFG Report 2023 has been sincerely prepared with the involvement of top management and the collaboration of various departments and that its content is accurate.

Going forward, we will value any insights and takeaways acquired through stakeholder dialogue to further enhance the content and transparency of information disclosure. We welcome frank opinions from our readers about this publication.

Tetsuya Yonehana

Representative Corporate Executive,

Senior Managing Corporate Executive, Group CFO

Financial Data / Corporate Data

Eleven-Year Summary of Major Financial Data ............................

Financial Review for Fiscal 2022 .......................................................

Consolidated Financial Statements .................................................

Performance Comparisons with Competitors .............................

Company Overview ................................................................................

1. 3 3

1. 3 5

1. 3 9

1. 4 3

1. 4 4

Disclaimer

This report contains forward-looking statements with regard to the expectations, forecasts, targets and plans of Mitsubishi UFJ Financial Group, Inc. and its subsidiaries and affiliates. These forward-looking statements are based on information currently available to the Group and are stated in this document on the basis of the outlook at the time that this document was produced. In producing these forward-looking statements, certain assumptions (premises) have been utilized that are subjective and may prove to be incorrect. Should any underlying assumption prove to be incorrect, actual results in the future may vary materially from some of the forward-looking statements in this document. The Group has no obligation or intent to update any forward-looking statements contained in this document. In addition, information on companies and other entities outside the Group that is included in this document has been obtained from publicly available information and other sources. The accuracy and appropriateness of that information has not been verified by the Group and cannot be guaranteed. All figures contained in this report are calculated according to generally accepted accounting principles in Japan, unless otherwise noted.

Definitions of Specific Terms Used in This Report

MUFG/The Group: Mitsubishi UFJ Financial Group, Inc. and its subsidiaries and affiliates

The Bank: MUFG Bank, Ltd.

The Trust Bank: Mitsubishi UFJ Trust and Banking Corporation

The Securities: Mitsubishi UFJ Securities Holdings Co., Ltd. and its subsidiaries

MUMSS: Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

NICOS: Mitsubishi UFJ NICOS Co., Ltd.

MUAH: MUFG Americas Holdings Corporation

Krungsri (KS): Bank of Ayudhya Public Company Limited

Bank Danamon (BDI): PT Bank Danamon Indonesia, Tbk.

FSI: First Sentier Investors Holdings Pty Ltd

AM: Asset Management

IS: Investor Services

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