Strategy

MUFG has established a new Medium-term Business Plan (“MTBP”) for the three-year period beginning in FY2024.

Since the three years of the COVID-19 pandemic, the business environment has changed at an unforeseen pace. AI and other digital technologies have rapidly developed and penetrated our daily lives, the social and economic structure is shifting towards clean energy, and work style and values have become more diverse. Meanwhile, divisions are becoming apparent through heightened geopolitical risk and a reversal of globalization.

In this era when social and economic structures are dramatically changing at a global scale, we believe that MUFG’s ability to facilitate connections, leveraging its extensive network and diverse solutions, can be maximized. By seizing this opportunity to achieve further growth and realizing our Purpose of being “committed to empowering a brighter future”, we will strive to meet expectations of our stakeholders.

Through considering MUFG’s strategies in the four quadrants of the chart below, we have formulated seven strategies to achieve growth during the MTBP period. While seeking growth by further strengthening our existing business model, by for example increasing the profitability of our balance sheet with consideration for changes in the interest rate environment, we will also seek to drive growth by expanding our business through providing new products and services, and by expanding customer touchpoints through new channels.

MUFG has previously established priority issues in our sustainability management to realize a sustainable environment and society. We have revised such priority issues with consideration for environmental changes, expectations from society, and importance to our business, and will strengthen our efforts in driving social and environmental progress, integrating such efforts in our business strategies.

So as to continuously be trusted and chosen by our customers, we will accelerate transformation and innovation. We will transform our culture to become more agile, and strengthen our human capital, system development capacity, and AI and data infrastructure. We will also further improve our risk management and compliance.

In the new MTBP, ROE target is approximately 12%, and CET1 ratio target range is 9.5%–10.5%. 

*1 MUFG basis *2 Excl. the impact of the change of the equity method accounting date of Morgan Stanley *3 JPX basis. Assumptions for financial indicators are as follows: BOJ policy rate: approx. 1%, FF rate: Mid 3% range, Nikkei Stock Average (end of FY26): mid \50,000 range, USD/JPY (end of FY26): lower 150s range.*4 Common Equity Tier1 ratio. Estimated CET1 ratio reflecting the RWA calculated on the finalized and fully implemented BaselIII basis. Excluding net unrealized gains on AFS Securities