Mitsubishi UFJ Financial Group

Kabushiki Kaisha Mitsubishi UFJ Financial Group
legal form	Kabushiki kaisha
ISIN	JP3902900004
founding	October 1, 2005
Seat	Chiyoda , Tokyo , Japan
management	Nobuo Kuroyanagi (President)
Number of employees	102,300 (2015)
sales	2,550 trillion JPY (2014/15) EUR; 19.77 billion
Branch	Banking
Website	www.mufg.jp

MTFG company building in Tokyo

The KK Mitsubishi UFJ Financial Group ( Japanese 株式会社三菱 UFJ フィナンシャルグループ , Kabushiki kaisha Mitsubishi UFJ Finansharu Gurūpu , abbreviated MUFG, English ~ Inc. ) is a holding company for companies in the banking and financial sector, which started on October 1, 2005 the merger of the two companies Mitsubishi Tokyo Financial Group (MTFG) and UFJ Holdings .

The heart of the group is the Bank of Tokyo-Mitsubishi UFJ . The bank is one of the 30 major banks that have been classified by the Financial Stability Board (FSB) as a “systemically important financial institution”. It is therefore subject to special monitoring and stricter requirements for the endowment with equity .

With a turnover of 51.8 billion US dollars and a profit of 8.9 billion US dollars, Mitsubishi UFJ ranks 37th among the world's largest companies according to Forbes Global 2000 (as of 2017). The company had a market capitalization of approximately USD 86.2 billion in early 2018. At USD 2.7 trillion, the balance sheet total is more than 50% of Japan's economic output.

Since April 1, 2018, BTMU has been trading as MUFG Bank, Ltd.

Highest profit from any Japanese company

With its profit, the MUFG even overtook the automaker Toyota , which had been the Japanese company with the highest profits for years. Toyota posted a profit of 610.5 billion yen for the same period. In addition to the lower costs of cleaning up bad loans, both MUFG's predecessor banks benefited from profits in equity and bond trading as well as from higher fee income. In terms of total sales, Toyota is still number 1 in Japan and in the world (worldwide in the industry)

In terms of profitability, the industry leader Mitsubishi UFJ is still behind global banks with lower total assets such as Citigroup, according to calculations by the Bloomberg business agency. However, according to the rating agency Moody's , the financial base of the group, which had expected an annual profit of 540 billion yen before the merger , should improve faster than expected. The Group's core banking business will not be merged until January 1st.

Group of companies

In addition to the companies listed in the Nikkei index, Tokyo-Mitsubishi-UFG-Bank and the credit card subsidiary Mitsubishi UFJ Nicos and four regional banks (Chūkyō, Gifu, Senshū, Taishō), the MUFG includes the following companies:

Mitsubishi UFJ Trust and Banking ( 三菱 UFJ 信託銀行 )
Mitsubishi UFJ Securities ( 三菱 UFJ 証券 )
Mitsubishi UFJ Lease and Finance ( 三菱 UFJ リース )
Master Trust Bank of Japan ( 日本マスタートラスト信託銀行 )
Union Bank of California
Mitsubishi Research Institute DCS ( 三菱総研 DCS )

fusion

In July 2004, UFG Holdings, the fourth largest banking group in Japan, proposed a merger with MTFG. The merger of the two holdings was completed on October 1, 2005 and formed the Mitsubishi UFJ Financial Group (MUFG), the world's largest bank in terms of assets with 190 trillion yen (about 1.15 trillion euros) after Citigroup (about 2 trillion Euro). The fiduciary branches of MTFG and UFJ were merged as planned on October 1, 2005, but the main branches of MTFG and UFJ, or the Bank of Tokyo-Mitsubishi and UFJ Bank, continued to operate until January 1, 2006, when they together became the bank of Tokyo-Mitsubishi UFJ. That merger was supposed to take place last year, but the Japanese financial regulator caused a three-month delay.

In 2008 Mitsubishi UFJ acquired the remaining 34.6% of UnionBanCal for $ 3.5 billion. Mitsubishi UFJ had already bought the majority in 1996. At the time, the group had 337 stores in California , Oregon, and Washington .

In March 2012, UnionBanCal bought Pacific Capital Bancorp for $ 1.51 billion. The group had 47 branches in Los Angeles and a total of 414 branches throughout the United States.

In December 2012, Mitsubishi UFJ acquired 20% of the Vietnamese state bank Vietinbank for $ 743 million. In December 2013, the group acquired 72% of the Thai Bank of Ayudhya for 536 billion yen, thus also taking over the stake previously held by General Electric . In 2015, the group strengthened its asset management segment with the acquisition of Asset Management's Alternative Fund Services from major Swiss bank UBS, valued at 30 billion yen (approximately USD 30 billion) .

MUFG Bank (Europe) NV

In connection with the measures to strengthen the economic power of the BTMU and in order to meet the challenges of developments, especially in Europe, the BTMU restructured its organization in the countries of the euro zone. On April 1, 2018, in addition to the business activities of its German branches, BTMU also transferred the business activities of its Spanish branch to MUFG Bank (Europe) NV, Amsterdam (MBE). In Germany, MUFG Bank has offices in Düsseldorf , Frankfurt , Munich , Hamburg and a representative office in Berlin . On financial center Dusseldorf , the Bank maintains a Germany based its largest location. As a location in Japan, Düsseldorf has several Japanese banks that do business with around 500 Japanese companies.

Web links

Commons : Mitsubishi UFJ Financial Group - Collection of pictures, videos and audio files

MUFG Japan

Individual evidence

↑ ^a ^b MUFG 2015 Form 20-F Report , accessed on March 13, 2016
↑ Converted at the rate on the balance sheet date, March 31, 2015
^ Policy Measures to Address Systemically Important Financial Institutions. In: Financial Stability Board (FSB) of November 4, 2011 (PDF file; 105 kB)
↑ Update of the group of global systemically important banks (G-SIBs) (PDF; 43 kB) from November 1, 2012
^ The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).
↑ 'MUFG Bank' is the New Global Brand for MUFG's Core Commercial Banking Subsidiary. Retrieved May 25, 2020 (English).
↑ MUFG Investor Services completes acquisition of UBS Asset Management's Alternative Fund Services business. MUFG Investor Services, December 14, 2015, accessed on January 29, 2018 .
↑ ^a ^b Federal Gazette: The Bank of Tokyo-Mitsubishi UFJ, Ltd. Annual financial statements for the business year from April 1, 2017 to March 31, 2018 .
↑ Permit: MUFG Bank. We build on the legacy of a global bank. In: mufgemea.com. Retrieved May 3, 2020 .
^ Gl: Düsseldorf is an important location for private banks and insurance companies. In: duesseldorf-wirtschaft.de. May 24, 2011, accessed May 3, 2020 .

[AR_15-1] MUFG 2015 Form 20-F Report , accessed on March 13, 2016

[2] Converted at the rate on the balance sheet date, March 31, 2015

[3] Policy Measures to Address Systemically Important Financial Institutions. In: Financial Stability Board (FSB) of November 4, 2011 (PDF file; 105 kB)

[4] Update of the group of global systemically important banks (G-SIBs) (PDF; 43 kB) from November 1, 2012

[5] The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).

[6] 'MUFG Bank' is the New Global Brand for MUFG's Core Commercial Banking Subsidiary. Retrieved May 25, 2020 (English).

[7] MUFG Investor Services completes acquisition of UBS Asset Management's Alternative Fund Services business. MUFG Investor Services, December 14, 2015, accessed on January 29, 2018 .

[:0-8] Federal Gazette: The Bank of Tokyo-Mitsubishi UFJ, Ltd. Annual financial statements for the business year from April 1, 2017 to March 31, 2018 .

[9] Permit: MUFG Bank. We build on the legacy of a global bank. In: mufgemea.com. Retrieved May 3, 2020 .

[DüDoWi-10] Gl: Düsseldorf is an important location for private banks and insurance companies. In: duesseldorf-wirtschaft.de. May 24, 2011, accessed May 3, 2020 .