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Japan's largest bank, offering retail/commercial banking, trust services and global corporate banking.
Japan's largest bank, offering retail/commercial banking, trust services and global corporate banking.
Earns mostly from the lending spread, with growing fees from trust and securities. It sold its US retail bank, MUFG Union Bank, in 2022 to focus abroad on Asian lenders such as Krungsri in Thailand and Danamon in Indonesia. It holds a large stake in Morgan Stanley, with which it runs joint ventures.
In one line: Japan's JPMorgan Chase.
Moat: narrow (scale, brand, regulatory licence). Japan's largest bank by assets with deep corporate relationships and a strategic Morgan Stanley alliance.
Headquarters: Tokyo, Japan · Founded: 2005 · Employees: 161,576
Size Mitsubishi Ufj Financial (8306.T) is a Japan Financials company (Major Banks) with a market value of $230B, the 2nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,224 on 6 Nov 2026.
Performance Over six months the shares gained 14.4%, against +12.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 11.0% over the last twelve months (peer median +2.7%); the operating margin is 37.0% (peer median 44.8%).
Valuation It trades at 1.60× book value against a peer median of 1.41× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 11.2%; Mitsubishi Ufj Financial delivers 12.6%, so the price asks less than the business earns today.
Credit Mitsubishi Ufj Financial has 66 bonds outstanding ($61.8B), rated A- by the agencies and trading like A- at a weighted spread of 63 bp.
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥13.4T | ¥13.3T | ¥12.7T | ¥11.2T | ¥8.66T |
| Revenue growth | — | +5% | +13% | +29% | — |
| Net income | ¥2.69T | ¥2.43T | ¥1.86T | ¥1.49T | ¥1.12T |
| Free cash flow | n/a | ¥6.98T | ¥5.03T | -¥2.25T | ¥1.43T |
| Capital expenditure | n/a | ¥673B | ¥457B | ¥463B | ¥402B |
| Total debt | ¥71.8T | ¥78.4T | ¥90.2T | ¥88.3T | ¥88.5T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Mitsubishi Ufj Financial 8306.T | $230B | +14% | +11% | 13% | 1.60× | 11.2% |
| Sumitomo Mitsui Financial 8316.T | $145B | +35% | +11% | 11% | 1.42× | 10.0% |
| Mizuho Financial 8411.T | $110B | +7% | +6% | 13% | 1.52× | 11.5% |
| JPMorgan Chase JPM | $889B | +11% | +9% | 18% | 2.53× | 20.7% |
| HSBC HSBA.L | $301B | -1% | -4% | 14% | 1.51× | 17.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8306.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.2% | +2.6% | lowest of 21 |
| 6-month return | +14.4% | +12.7% | 10th highest of 21 |
| Return on equity | 12.6% | 13.0% | 9th lowest of 21 |
| Price / book | 1.60× | 1.41× | 8th most expensive of 21 |
| Trailing P/E | 13.6× | 11.5× | 6th most expensive of 20 |
| ROE the price implies | 11.2% | 13.1% | 10th least demanding of 21 |
| ROE delivered | 12.6% | 13.3% | 6th lowest of 18 |
| Bond spread | 63 bp | 92 bp | 3rd tightest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Mitsubishi Ufj Financial 8306.T | Japan | $230B | +14% | +11% | 13% | 1.60× | 11.2% | 12.6% |
| Wells Fargo WFC | United States | $252B | +11% | +6% | 13% | 1.59× | 13.3% | 12.9% |
| Toronto-Dominion Bank TD.TO | Canada | $208B | +18% | -11% | 13% | 2.48× | 15.3% | 12.8% |
| Citigroup C | United States | $200B | -5% | +5% | 9% | 1.03× | 10.9% | 9.1% |
| Commonwealth Bank of Australia CBA.AX | Australia | $194B | +9% | +1% | 14% | 3.56× | 33.3% | 13.9% |
| Royal Bank of Canada RY.TO | Canada | $281B | +15% | +5% | 16% | 2.94× | 18.4% | 16.2% |
| HSBC HSBA.L | United Kingdom | $301B | -1% | -4% | 14% | 1.51× | 17.5% | 13.6% |
| Bank of China 601988.SS | China | $301B | +19% | -3% | 9% | 0.79× | 2.8% | n/a |
| Banco Santander SAN.MC | Spain | $174B | +4% | +15% | 13% | 1.40× | 17.1% | 13.1% |
| Cm Bank 3968.HK | Hong Kong | $165B | +16% | +3% | 13% | 0.99× | 10.2% | 13.3% |
| China Merchants Bank 600036.SS | China | $164B | +12% | +9% | 14% | 0.94× | 5.4% | 13.6% |
| Bank of America BAC | United States | $341B | -3% | -1% | 11% | 1.26× | 12.9% | 10.7% |
| DBS D05.SI | Singapore | $155B | +19% | -5% | 16% | 2.83× | 21.4% | 16.3% |
| China Construction Bank 601939.SS | China | $358B | +20% | -5% | 10% | 0.87× | 3.0% | 9.8% |
| CCB 0939.HK | Hong Kong | $361B | +22% | +6% | 10% | 0.64× | 5.1% | 9.9% |
| Sumitomo Mitsui Financial 8316.T | Japan | $145B | +35% | +11% | 11% | 1.42× | 10.0% | 11.2% |
| Agricultural Bank of China 601288.SS | China | $375B | +5% | -4% | 11% | 0.88× | 3.0% | n/a |
| Banco Bilbao Vizcaya Argentaria BBVA.MC | Spain | $140B | +20% | +9% | 20% | 2.15× | 24.8% | 19.6% |
| UniCredit UCG.MI | Italy | $130B | +6% | +2% | 17% | 1.77× | 25.8% | 17.3% |
| HDFC Bank HDFCBANK.NS | India | $129B | -1% | +5% | 14% | 2.00× | 24.8% | 13.9% |
| Industrial and Commercial Bank of China 601398.SS | China | $428B | +13% | -4% | 10% | 0.75× | 2.7% | n/a |
Mitsubishi Ufj Financial has 66 bonds outstanding with $61.8B face value. The agencies rate it A-; its bonds trade like A-. Weighted yield 5.07%, a spread of 63 bp over government bonds.