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Mitsubishi UFJ Financial Group Inc - Stock Quote 8306

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Morningstar's Mitsubishi UFJ Financial Group Inc Stock Analysis

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Mitsubishi UFJ Financial Group Is Japan's Largest and Most Global Banking Group

Michael Makdad Senior Equity Analyst

Business Strategy and Outlook

| Michael Makdad |

Mitsubishi UFJ Financial Group is Japan’s largest banking group, with an 8.5% share of domestic loans and 11.6% of deposits as of March 2021. In Japan, the environment for banks has been tough and we expect it to remain so. A long-running deflationary environment has led to low demand for loans, with the loan/deposit ratio having declined from 83% in 2000 to around 57% at present. The liabilities/net assets ratio for Japan’s approximately 1 million business corporations declined from a highly leveraged 4 times in the mid-1990s to a reasonably healthy 126% in 2019 as borrowers prioritized paying down existing debt rather than taking out new loans for investment, but we are concerned that credit costs may increase in the early 2020s after many corporations increased their borrowing in 2020 and as the aftermath of the pandemic affects some firms' business models.

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Mitsubishi UFJ Financial Group Inc's Company Profile

Business Description

Mitsubishi UFJ Financial Group is the largest bank in Japan in terms of market capitalization and assets with an 8.5% share of all domestic loans as of March 2021. It is the largest non-Chinese bank group globally and has a balance sheet slightly larger than those of JPMorgan Chase and HSBC Holdings. MUFG’s operations in Japan account for around half of profit, banking in Thailand and Indonesia for around 15% and equity-method earnings from Morgan Stanley more than 30%.

7-1, Marunouchi 2-Chome, Chiyoda-ku
Tokyo, 100-8330, Japan
T +81 332408111
Sector Financial Services
Industry Banks - Diversified
Most Recent Earnings Mar 31, 2022
Fiscal Year End Mar 31, 2022
Stock Type
Employees 163,500