Earnings quality
Compare earnings and operating cash flow for earnings quality.
Mitsubishi UFJ Financial Group, Inc.
Ticker 8306 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-24 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
Compare earnings and operating cash flow for earnings quality.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
株式会社三菱ＵＦＪフィナンシャル・グループ is a Japanese listed company. Its reportable segments include Description Of, Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each, Description Of Nature And Amounts Of Differences Between, Description Of Impairment Loss Not Allocated To.
- Description Of
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
- Description Of Nature And Amounts Of Differences Between
- Description Of Impairment Loss Not Allocated To
Segments Description Of · Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each · Description Of Nature And Amounts Of Differences Between · Description Of Impairment Loss Not Allocated To
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit (loss) | — | — |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥609.2B | ¥761.6B |
| Profit (loss) | ¥1.9T | ¥2.6T |
| Profit (loss) attributable to owners | ¥1.9T | ¥2.4T |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥109.1T | ¥90.0T |
| Current assets | — | — |
| Non-current assets | — | — |
| Total assets | ¥413.1T | ¥431.7T |
| Short-term borrowings | — | — |
| Current liabilities | — | — |
| Non-current liabilities* | — | — |
| Total liabilities | ¥391.4T | ¥408.0T |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥6.4B | -¥23.1T |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥861.1B | -¥1.1T |
| Net increase (decrease) in cash | -¥779.7B | -¥19.0T |
| Cash at end of period | ¥109.1T | ¥90.0T |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Operating profit | ¥1.5T | ¥1.0T | ¥2.1T | ¥2.7T | ¥3.4T | |
| Profit to owners | — | — | — | ¥1.9T | ¥2.4T | |
| Total assets | ¥373.7T | ¥386.8T | ¥403.7T | ¥413.1T | ¥431.7T | |
| Cash & equivalents | — | — | ¥109.9T | ¥109.1T | ¥90.0T | |
| Owners’ equity | ¥18.0T | ¥18.3T | ¥20.7T | ¥21.7T | ¥23.7T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from — to —, while operating profit swung from — to — — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still -¥23.1T (prior ¥6.4B), and cash on the balance sheet rose to ¥90.0T from ¥109.1T. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
Goodwill on the balance sheet fell from ¥530.4B to ¥511.5B, consistent with heavy write-downs of past acquisitions’ carrying values.
The balance sheet got heavier on leverage. Total liabilities rose to ¥408.0T while owners’ equity fell to —. ROE moved from 9.3% to 11.3%, and the equity ratio from 5.0% to 5.1%. Employee count is 161,576 vs 156,253 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YJQO
(株式会社三菱ＵＦＪフィナンシャル・グループ), period end 2026-03-31.