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olivLaw · US equity research

Mitsubishi UFJ Financial Group, Inc. MUFG

Commercial Banks, NEC · SIC 6029 · Vertical: Commercial Banks, NEC (SIC 6029)

21.97USD+3.29% · 1 dayClose 04 Nov 2026

MUFG is a Japanese bank holding company and one of the largest and most diversified financial groups in the world, with total assets of ¥425.58 trillion as of March 31, 2026. The group operates in commercial banking, trust banking, securities, cards, consumer finance, asset management and leasing, and its current strategy for the period to March 31, 2027 emphasizes growth, digital transformation and social and environmental progress.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Mitsubishi UFJ Financial Group, Inc. (MUFG) stock was 21.97 USD (+3.29% on the day), with beta 0.99, 52-week range 14.88–24.13 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
unavailable
shares as of 31 Mar 2026
P/E (TTM)
unavailable
Diluted EPS TTM 151.09 · TTM to 31 Mar 2026
E/P (TTM)
unavailable
TTM to 31 Mar 2026
Dividend yield
unavailable
Beta (2y)
0.99
Volatility (1y) 27%
52-week range
14.8824.13

Price history

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Technical reading

RSI (14)
50.2
neutral
Bollinger (20, 2)
20.91 – 22.57
in the upper half of the band · %B 0.64 · band width 7.7%
SMA 50 / 200
22.61 / 20.19
mixed trend
MACD (12, 26, 9)
-0.29 / -0.35
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−4.4%−1.1%−3.3 pp—
3 months−2.0%−0.5%−1.6 pp—
6 months+19.5%+4.4%+15.1 pp—
Year to date+38.5%+12.3%+26.2 pp—
1 year+45.8%+13.5%+32.2 pp+16.8%
3 years+149.9%+76.4%+73.5 pp+123.9%
5 years+290.2%+63.7%+226.6 pp—
Max drawdown (1y)
−17.3%
13 Feb 2026 → 30 Mar 2026
Max drawdown (5y)
−35.6%
22 Mar 2022 → 12 Oct 2022
Compound annual growth (5y)
+31.3%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

the price (USD) and the reports are in different currencies

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year2019202020212022⚠ 2023202420252026
Revenue5,408.6 bn5,802.8 bn5,909.8 bn3,925.7 bn6,141.2 bn10,032.7 bn10,836.1 bn11,867.3 bn
Revenue YoY+4.1%+7.3%+1.8%−33.6%—+63.4%+8.0%+9.5%
Net income718.6 bn306.0 bn1,117.3 bn-83.3 bn381.8 bn1,325.9 bn1,266.9 bn1,729.4 bn
Net income YoY−41.5%−57.4%+265.2%−107.5%—+247.3%−4.4%+36.5%
Diluted EPS54.7423.4786.56-6.9330.68110.39108.18151.09
Diluted EPS YoY−40.6%−57.1%+268.8%−108.0%—+259.8%−2.0%+39.7%
net %13.3%5.3%18.9%-2.1%6.2%13.2%11.7%14.6%
Free cash flow101.9 bn-1,479.7 bn-361.8 bn806.4 bn1,893.9 bn-1,902.8 bn897.1 bn-3,669.3 bn

The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2026 · 31 Mar 2026

Cash
90,378.4 bn JPY
Financial debt
unavailable JPY
Net debt
unavailable JPY
Equity
20,840.1 bn JPY
Total assets
425,581.7 bn JPY
Debt / equity
unavailable
Current ratio
unavailable
ROE
8.6%
ROA
0.4%
FCF margin
-30.9%

Financial statements (source on every figure)

Revenue and net income (JPY)

Income statement · JPY

Net interest income
2024
2,624.9 bn
2025
3,088.2 bn
2026
3,684.3 bn

SEC (XBRL)· 06 Jul 2026verified

Net fee income
2024
2,875.4 bn
2025
2,570.5 bn
2026
3,253.4 bn

SEC (XBRL)· 06 Jul 2026verified

Non-interest expense
2024
3,363.3 bn
2025
3,741.4 bn
2026
4,202.0 bn

SEC (XBRL)· 06 Jul 2026verified

Pre-tax income
2024
1,878.2 bn
2025
1,795.6 bn
2026
2,509.5 bn

SEC (XBRL)· 06 Jul 2026verified

Net income
2024
1,325.9 bn
2025
1,266.9 bn
2026
1,729.4 bn

SEC (XBRL)· 06 Jul 2026verified

Diluted EPS
2024
110.39
2025
108.18
2026
151.09

SEC (XBRL)· 06 Jul 2026verified

Dividend per share
2024
36.50
2025
45.50
2026
74.00

SEC (XBRL)· 06 Jul 2026verified

Balance sheet · JPY

Cash
2024
110,124.7 bn
2025
109,304.2 bn
2026
90,378.4 bn

SEC (XBRL)· 06 Jul 2026verified

Total assets
2024
397,820.6 bn
2025
405,940.2 bn
2026
425,581.7 bn

SEC (XBRL)· 06 Jul 2026verified

Deposits
2024
247,136.0 bn
2025
249,415.0 bn
2026
260,755.3 bn

SEC (XBRL)· 06 Jul 2026verified

Total liabilities
2024
379,303.5 bn
2025
386,690.5 bn
2026
404,741.6 bn

SEC (XBRL)· 06 Jul 2026verified

Equity
2024
18,517.1 bn
2025
19,249.7 bn
2026
20,840.1 bn

SEC (XBRL)· 06 Jul 2026verified

Shares outstanding at year end
2024
12.3 bn
2025
12.1 bn
2026
11.9 bn

SEC (XBRL)· 06 Jul 2026verified

Cash flow · JPY

Dividends paid
2024
438.7 bn
2025
531.8 bn
2026
846.7 bn

SEC (XBRL)· 06 Jul 2026verified

Share repurchases
2024
400.1 bn
2025
418.4 bn
2026
500.1 bn

SEC (XBRL)· 06 Jul 2026verified

Computed indicators

Growth

Revenue growth (YoY)
9.5%
computed by olivLawFY 2026
Revenue CAGR 3Y
24.6%
computed by olivLawFY 2023 → FY 2026
Revenue CAGR 5Y
15.0%
computed by olivLawFY 2021 → FY 2026
Net income growth (YoY)
36.5%
computed by olivLawFY 2026
Net income CAGR 3Y
65.5%
computed by olivLawFY 2023 → FY 2026
Net income CAGR 5Y
9.1%
computed by olivLawFY 2021 → FY 2026
EPS growth (YoY)
39.7%
computed by olivLawFY 2026
EPS CAGR 3Y
70.1%
computed by olivLawFY 2023 → FY 2026
EPS CAGR 5Y
11.8%
computed by olivLawFY 2021 → FY 2026

Profitability

Net margin
14.6%
computed by olivLawFY 2026

Returns

ROE
9.1%
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
ROA
0.4%
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
Payout ratio (EPS)
49.0%
computed by olivLawFY 2026

Market and valuation

Market capitalisation
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
Earnings yield
unavailable
input data missing
P/B
unavailable
input data missing
P/S
unavailable
input data missing
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
unavailable
input data missing

Banking

Net interest margin
0.9%
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
Cost-to-income
60.6%
computed by olivLawFY 2026
Loan-to-deposit
unavailable
input data missing
NPL ratio
unavailable
input data missing
CET1 ratio
unavailable
input data missing
Cost of risk
unavailable
input data missing

32 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 52.0% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

21.97 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Price and reporting are in different currencies; market indicators are unavailable.

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
P/B
unavailable
input data missing
ROE
9.1%
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
Net margin
14.6%
computed by olivLawFY 2026
Revenue growth (YoY)
9.5%
computed by olivLawFY 2026
Dividend yield
unavailable
input data missing

Coverage and freshness

15/20 reporting lines present
Latest full fiscal year: 2026
Latest reported period: 31 Mar 2026
Latest balance sheet date: 31 Mar 2026
Share count (cover of the latest filing), as of: 31 Mar 2026
Source: SEC (XBRL)published 06 Jul 2026
verified 569derived 3

Score by group

52% · Insufficient data

Estimated value range

unavailable — no valuation assumptions for the reporting currency

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

    Multiple comparisons use the SIC vertical: Commercial Banks, NEC (SIC 6029)

    Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

    Assumptions (illustrative, editorial)

    Risk-free rate
    6.5%
    Equity risk premium
    6.0%
    Beta (default)
    1.00
    Cost of equity
    12.5%
    Terminal growth
    3.0%

    Factor scorecard

    Insufficient data

    Minimum-evidence gate: score weight coverage: 52.0% of at least 60%

    FactorValueScoreWeight used
    ROE · Quality9.1%21 (vs peers)31%
    ROA · Quality0.4%1 (on a fixed band)12%
    Cost-to-income · Quality60.6%18 (on a fixed band)19%
    Net interest margin · Quality0.9%0 (on a fixed band)12%
    EPS CAGR 3Y · Growth70.1%100 (on a fixed band)15%
    Revenue CAGR 3Y · Growth24.6%100 (on a fixed band)12%
    NPL ratio · Balance sheetunavailableunavailable—
    Cost of risk · Balance sheetunavailableunavailable—
    Loan-to-deposit · Balance sheetunavailableunavailable—
    P/B · Valuationunavailableunavailable—
    P/E (TTM) · Valuationunavailableunavailable—
    Dividend yield · Returnsunavailableunavailable—

    Factors without a value were dropped; the remaining weights were renormalised.

    Score groups

    • Balance sheet· partialunavailable · 0/3 factors with a value
    • Growth100/100 · 2/2 factors with a value
    • Quality14/100 · 4/4 factors with a value
    • Returns· partialunavailable · 0/1 factors with a value
    • Valuation· partialunavailable · 0/2 factors with a value

    A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

    Memo

    Mitsubishi UFJ Financial Group, Inc. (MUFG). Latest full fiscal year: 2026; data up to 2026-03-31.

    Figures computed from the financial statements: net interest income 3,684.3 bn JPY in 2026; YoY growth 9.5%; net margin 14.6%; ROE 9.1%.

    The estimated value range is 963.79–1,566.95 JPY per share (median of 5 methods, agreement: low); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.

    Insufficient data for a verdict (score weight coverage: 52.0% of at least 60%).

    Text generated deterministically from the figures shown; no language model. Not investment advice.

    What supports the thesis

    • EPS CAGR 3Y: 70.1%
    • Revenue CAGR 3Y: 24.6%

    What contradicts it

    • ROE: 9.1%
    • ROA: 0.4%
    • Cost-to-income: 60.6%
    • Net interest margin: 0.9%
    • The valuation methods diverge

    Not assessed (insufficient data or a ratio without meaning): NPL ratio, Cost of risk, Loan-to-deposit, P/B, P/E (TTM), Dividend yield.

    Versus the vertical median

    Commercial Banks, NEC (SIC 6029) · same industry (4-digit SIC) · compared with 20 companies

    Multiples and returns vs the median

    P/E
    —
    vertical median 10.1x
    EV/EBITDA
    —
    vertical median —
    P/S
    —
    vertical median 3.7x
    P/B
    —
    vertical median 1.4x
    ROE
    9.1%
    vertical median 13.6%
    below median (−32.6%)
    Net margin
    14.6%
    vertical median 26.5%
    below median (−44.9%)
    EBIT margin
    —
    vertical median —
    Revenue YoY
    9.5%
    vertical median 11.1%
    below median (−14.5%)
    Net debt/EBITDA
    —
    vertical median —
    Dividend yield
    —
    vertical median 1.1%

    Price rebased to 100 (monthly, 5 years)

    Companies in the vertical

    Market capP/EROENet marginRevenue YoY1A / 3A
    BCHBank of Chile3,989.2 bn3.225,665.4%1,571,522.8%−10.7%+5% / +74%
    HDBHdfc Bank Limited186.2 bn23.49.1%30.8%+15.2%−34% / −19%
    KBKB Financial Group Inc.41.2 bn13.48.3%0.0%+17.8%+35% / +185%
    NTBThe Bank of N.T. Butterfield & Son Limited2.2 bn10.121.4%38.2%+4.6%+19% / +100%
    BLXForeign Trade Bank Of Latin America, Inc.1.9 bn9.216.2%67.8%+14.1%+14% / +110%
    PGCPeapack Gladstone Financial Corp839.4 m16.47.7%16.4%+24.1%+75% / +91%
    AVALGrupo Aval Acciones Y Valores S.A.300.1——−2.4%+3% / +93%
    MUFGMitsubishi UFJ Financial Group, Inc.——9.1%14.6%+9.5%+46% / +150%
    RYRoyal Bank Of Canada——15.3%30.6%+16.1%+36% / +132%
    BMOBank Of Montreal——10.1%24.0%+10.6%+41% / +116%
    INTRINTER & Co, INC.——11.1%14.2%+34.7%−56% / −25%
    CMCanadian Imperial Bank Of Commerce——13.7%28.9%+13.8%+39% / +190%
    BAPCredicorp Ltd——16.5%20.0%+7.0%+40% / +186%
    VBNKVersaBank——6.1%22.8%+11.7%+90% / +193%
    TDToronto Dominion Bank——16.9%30.3%+18.4%+53% / +110%
    BCSBarclays PLC——9.6%64.6%+3.7%+4% / +228%
    NWGNatWest Group plc——14.2%19.3%+3.1%−1% / +209%
    INGIng Groep NV——15.6%32.4%+21.8%+27% / +133%
    SANBanco Santander, S.A.——12.8%—+0.0%+12% / +194%
    SUPVGrupo Supervielle S.A.——13.6%12.2%−13.9%−48% / +73%
    LYGLloyds Banking Group plc——10.0%24.0%+7.9%+3% / +141%

    1- and 3-year price returns: for MUFG from daily closes (the same as the performance table), for the other companies from month-end closes.

    olivLaw engine forecast

    The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

    The engine has no published run for this company yet.

    Valuation scenarios (editable assumptions)

    Illustrative scenarios

    Scenarios are not available. input data missing

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 06 Jul 2026; since then the company filed 6-K (18 Sept 2026), 6-K (28 Aug 2026), 6-K (14 Aug 2026), 6-K (06 Aug 2026), 6-K (03 Aug 2026), 6-K (24 Jul 2026).

    In brief

    MUFG is a Japanese bank holding company and one of the largest and most diversified financial groups in the world, with total assets of ¥425.58 trillion as of March 31, 2026 1. The group operates in commercial banking, trust banking, securities, cards, consumer finance, asset management and leasing, and its current strategy for the period to March 31, 2027 emphasizes growth, digital transformation and social and environmental progress 1.

    SWOT

    Strengths

    • The group has an extensive overseas network and broad diversification across banking and asset management 1. The balance of assets in Japan and abroad provides a solid base for funding growth 1.
    • The strategic partnership with Morgan Stanley and the subsidiaries in Asia give access to markets and clients that a smaller player would not easily reach 1. The holding structure allows strategy to be coordinated across the group 1.
    • The three-year plan sets clear priorities, from growth to digital transformation and social progress, which makes execution and evaluation easier 1.

    Weaknesses

    • Dependence on the Japanese economy is high, since a significant share of assets, loans and income comes from Japan 1. A domestic downturn would affect results directly 1.
    • The securities portfolio includes a large share of Japanese government bonds, exposing the group to sudden price changes in those bonds 1. Unexpected rate increases could weigh on the portfolio's value 1.
    • The group has long-term capital commitments, such as the new headquarters and the card system integration, which require substantial resources and could be affected by rising costs 1.

    Opportunities

    • Growth in Asia, through expanded presence and partnerships with local banks, could open new revenue sources 1. The strategy for Asia highlights opportunities linked to the region's growing financial needs 1.
    • The green transition could generate demand for financing and advisory services if clients adapt their operations 1. The goal of making Japan a leading asset management center opens another growth area 1.
    • Artificial intelligence and data could improve client products and operational efficiency if infrastructure investments succeed 1.

    Threats

    • Global economic instability and geopolitical risks could affect lending, asset values and trade flows 1. Sanctions and conflicts could complicate international operations 1.
    • Natural disasters, especially earthquakes in the Tokyo metropolitan area, could interrupt operations and create unforeseen costs 1. Such events could also affect the group's clients 1.
    • Heightened competitive pressure and regulatory changes could compress margins and require additional compliance investment 1.

    Risks

    • Dependence on the Japanese economyhigh

      Most assets and income come from Japan, so a deterioration of the domestic economy could increase credit losses 1.

    • Interest rate and bond riskhigh

      A sudden rise in interest rates could reduce the value of the government bond portfolio and affect clients' debt service capacity 1.

    • Geopolitical risk and sanctionsmedium

      Conflicts and sanctions could raise compliance complexity and cause financial or reputational losses 1.

    • Natural disastersmedium

      A major earthquake in areas where core functions are concentrated could interrupt operations and affect financial position 1.

    • Climate riskslow

      Physical and transition climate risks could reduce asset values and raise compliance costs if climate goals are not met 1.

    Investment thesis

    What would need to be true (bull case)

    • If the group succeeds in expanding its Asian business and integrating its investment banking and markets model, results could benefit from better diversification 1.
    • If the transition to a lower-carbon economy brings steady financing demand, the group could leverage its experience in green projects 1.
    • If investments in artificial intelligence and data infrastructure deliver efficiency gains, operating margins could improve 1.

    What would break the thesis

    • If the Japanese economy enters a period of stagnation, domestic loan quality could weaken and provisioning costs could rise 1.
    • If interest rates rise sharply, the value of the bond portfolio could fall and clients could struggle to service their debt 1.
    • If competitive pressure and sanctions intensify, the group could be forced to accept lower margins or bear additional compliance costs 1.

    What to watch

    • Path of the Bank of Japan policy rate and its effect on interest marginsQ1 2027
    • Progress on the three-year plan's growth and efficiency targets2027

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 06 Jul 2026; since then the company filed 6-K (18 Sept 2026), 6-K (28 Aug 2026), 6-K (14 Aug 2026), 6-K (06 Aug 2026), 6-K (03 Aug 2026), 6-K (24 Jul 2026).

    The business

    MUFG is a holding company incorporated as a joint stock company (kabushiki kaisha) under Japanese law and is regulated as a bank holding company under the Banking Act of Japan 1. The holding company coordinates MUFG Bank, Ltd., Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities Holdings, Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ NICOS and Mitsubishi UFJ Asset Management 1. Its overseas network is the largest among Japanese banks, with approximately 2,000 business locations in more than 41 countries, including Krungsri in Thailand and Bank Danamon in Indonesia 1.

    The group took its current form through successive mergers, starting with the creation of Mitsubishi Tokyo Financial Group in 2001 and continuing with the 2005 merger with UFJ Holdings, after which it was renamed Mitsubishi UFJ Financial Group 1. Morgan Stanley remains a strategic partner, and as of March 31, 2026 MUFG held approximately 23.9% of its voting rights and had two representatives on its board 1. The holding company sets group-wide strategy, which subsidiaries execute 1.

    Significant investment projects include a new headquarters building, budgeted at approximately ¥209 billion through planned completion in October 2030, subject to adjustments for rising prices 1. The credit card system integration carries an estimated aggregate budget of approximately ¥140 billion through the end of calendar 2030, showing that technology remains an operational priority 1.

    Segments

    Banking and operations in Japan

    Japan is the largest part of the balance sheet: 59.9% of total assets were related to Japanese domestic assets and 53.6% of loans were in Japan as of March 31, 2026 1. The same business generated 37.1% of total interest and non-interest income in the fiscal year ended March 31, 2026 1.

    Global corporate, investment banking and markets

    The strategy for global corporate and investment banking and global markets aims to integrate the GCIB and GM business models to raise capital efficiency through collaboration between primary-market and sales-and-trading functions 1. The focus on Asia, through subsidiary and partner banks, targets opportunities from the region's economic growth 1.

    Asset management and wealth management

    The strategy aims to strengthen corporate and wealth management and to make Japan a leading asset management center, working with Mitsubishi UFJ Asset Management 1. A relevant step was the transfer of Mitsubishi UFJ Asset Management to MUFG in April 2024 1.

    Market context

    The group's home market is Japan, where monetary policy is shifting: the Bank of Japan has gradually raised its policy rate since March 2024, which could affect lending costs and interest spreads 1. Japan's economy also faces an aging and shrinking population, and the source notes that the business environment is shaped by inflation, geopolitical conflicts and yen interest-rate changes 1.

    International exposure is significant: approximately 18.8% of total assets related to the United States, about 10.1% to Asia and Oceania excluding Japan, and 6.7% to Europe as of March 31, 2026 1. These markets have different regulatory and compliance requirements, and the global business environment is described as increasingly fragmented 1.

    Trends

    • Rising interest rates in Japanmixed

      A higher Bank of Japan policy rate could improve interest income, but it could also raise borrowing costs for customers who struggle to service debt 1. The net effect would depend on margins and portfolio quality.

    • Digital transformation and artificial intelligencetailwind

      The three-year plan emphasizes AI, data infrastructure and system development capacity, as digital technologies spread rapidly into daily life 1. Investment in this area could support efficiency and new products.

    • Geopolitical tensions and sanctionsheadwind

      Geopolitical conflicts can lead to economic and financial sanctions against banks, companies and individuals, increasing compliance complexity 1. Such conflicts may also raise the risk of cyber-attacks on the financial system 1.

    • Climate transitionmixed

      The shift to a lower-carbon economy creates opportunities to finance green projects, but also risks of asset devaluation and stricter disclosure requirements 1. The source notes these requirements could raise compliance costs and litigation risk 1.

    Competitive position

    The annual report describes competitive pressures as having increased, partly because of regulatory changes and recent shifts in the financial industry domestically and globally 1. The group aims to remain competitive by integrating its investment banking and markets model and expanding in Asia 1.

    In investment banking and markets, competition comes from global financial institutions with extensive presence, and the Morgan Stanley partnership is both a distinctive asset and a strategic dependence 1. In Asia, local banks and regional partners play a central role in the expansion strategy 1.

    • Morgan StanleyMS

      Strategic partner and equity-method affiliate in which MUFG holds a share of voting rights, and also a competitor in some investment banking and markets activities 1.

    • Sumitomo Mitsui Financial Group

      Large Japanese banking group active in the same domestic segments, though the source does not name it explicitly as a rival 1.

    • Mizuho Financial Group

      Japanese banking group of comparable scale, present in corporate banking and financial services in the domestic market 1.

    • Global investment banks

      Global financial institutions competing for corporate clients and markets business in Asia, Europe and the United States 1.

    News & filings

    In the press

    Sources

    1. [1] Form 20-F, fiscal year ended 2026-03-31 · SEC / Mitsubishi UFJ Financial Group, Inc. · 06 Jul 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.