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IR Presentation March 2018 Mitsubishi UFJ Financial Group, Inc. This document contains forward-looking statements in regard to forecasts, targets and plans of Mitsubishi UFJ Financial Group, Inc. (MUFG) and its group companies

  1. IR Presentation March 2018 Mitsubishi UFJ Financial Group, Inc.

  2. This document contains forward-looking statements in regard to forecasts, targets and plans of Mitsubishi UFJ Financial Group, Inc. (“MUFG”) and its group companies (collectively, “the group”). These forward-looking statements are based on information currently available to the group and are stated here on the basis of the outlook at the time that this document was produced. In addition, in producing these statements certain assumptions (premises) have been utilized. These statements and assumptions (premises) are subjective and may prove to be incorrect and may not be realized in the future. Underlying such circumstances are a large number of risks and uncertainties. Please see other disclosure and public filings made or will be made by MUFG and the other companies comprising the group, including the latest kessantanshin, financial reports, Japanese securities reports, Integrated reports and annual reports, for additional information regarding such risks and uncertainties. The group has no obligation or intent to update any forward-looking statements contained in this document. In addition, information on companies and other entities outside the group that is recorded in this document has been obtained from publicly available information and other sources. The accuracy and appropriateness of that information has not been verified by the group and cannot be guaranteed. The financial information used in this document was prepared in accordance with Japanese GAAP (which includes Japanese managerial accounting standards), unless otherwise stated. Japanese GAAP and U.S. GAAP, differ in certain important respects. You should consult your own professional advisers for a more complete understanding of the differences between U.S. GAAP and Japanese GAAP and the generally accepted accounting principles of other jurisdictions and how those differences might affect the financial information contained in this document. This document is being released by MUFG outside of the United States and is not targeted at persons located in the United States. Definitions of figures used in this document Consolidated : Mitsubishi UFJ Financial Group (consolidated) Non-consolidated : Simple sum of Bank of Tokyo-Mitsubishi UFJ (non-consolidated) and Mitsubishi UFJ Trust & Banking Corporation (non-consolidated) Commercial Bank Consolidated : Bank of Tokyo-Mitsubishi UFJ (consolidated) 2

  3. Management index (Consolidated) ROE Dividend per share / Dividend payout ratio Dividend 30.0% 25.2% *4 22.0% 23.4% 24.6% 26.3% 26.4% 25.2% 9.63% *1 payout (¥) 9.05% 10% 8.77% 8.74% ratio 7.75%* 2 7.63% Year-end divivend 7.25% 6.89% Interim dividend 8.0% 8.1% 8.1% 15 7.4%* 2 7.4% 9 9 9 9 6.6% 9 6.2% 5% 6.0% 10 7 6 6 5 9 9 9 9 7 6 6 6 *1 JPX basis MUFG basis 0% 0 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17H1 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 (Forecast) EPS BPS (¥) (¥) 80 73.22 1,400 1,092.75 1,121.06 1,137.77 1,194.08 68.29 68.51 68.28 1,200 58.99 *3 60 800.95 893.77 1,000 47.54 47.00 39.94 800 604.58 678.24 40 600 400 20 200 0 0 End Mar End Mar End Mar End Mar End Mar End Mar End Mar End Sep FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17H1 11 12 13 14 15 16 17 17 Profits attributable to owners of parent x 2 × 100 *1 {(Total shareholders' equity at the beginning of the period + Foreign currency translation adjustments at the beginning of the period) +(Total shareholders' equity at the end of the period + Foreign currency translation adjustments at the end of the period)} ÷ 2 *2 11.10%(MUFG basis), 10.6%(JPX basis) before excluding negative goodwill associated with application of equity method accounting on our investment in Morgan Stanley *3 ¥68.09 before excluding negative goodwill associated with application of equity method accounting on our investment in Morgan Stanley *4 17.6% before excluding negative goodwill associated with application of equity method accounting on our investment in Morgan Stanley 3

  4. Financial targets of the current mid-term business plan FY14 FY17H1 FY17 Target Increase 15% or Growth EPS (¥) ¥73.22 ¥47.00 more from FY14 ROE 8.74% 9.63% Between 8.5-9.0% Profitability Expense ratio 61.1% 65.1% Approx. 60% Financial CET1 ratio 12.2% 12.3% 9.5% or above strength (Full implementation)* 1 10.0% (Excluding an impact of net unrealized gains (losses) on available-for-sale securities) *1 Calculated on the basis of regulations to be applied at end Mar 19 4

  5. FY2017 financial targets • FY17 consolidated profits attributable to owners of parent target is held at ¥950.0 bn <Results> <Financial target, etc> (¥bn) FY16 FY17 FY17 [MUFG consolidated] Interim Full year Interim Interim Full year Total credit costs (57.6) (155.3) 3.1 (70.0) (80.0) 1 2 Ordinary profits 794.8 1,360.7 864.0 670.0 1,440.0 3 Profits attributable to owners of parent 490.5 926.4 626.9 440.0 950.0 (BTMU ： for reference) 4 Net business profits 417.0 666.9 337.9 300.0 580.0 before provision for general allowance for credit losses 5 Total credit costs (4.7) (25.4) 58.9 (20.0) 60.0 410.2 632.2 411.8 280.0 620.0 6 Ordinary profits 7 Net income 323.0 481.4 294.2 200.0 420.0 (MUTB ： for reference) 8 Net business profits 92.7 181.4 104.3 95.0 160.0 before credit costs for trust account and provision for general allowance for credit losses 9 Total credit costs 1.7 (22.5) 5.8 (5.0) 0.0 10 Ordinary profits 105.5 164.4 121.6 100.0 175.0 11 Net income 75.7 120.2 126.0 75.0 155.0 5

  6. Contents Outline of FY2017 Q1-3 Results 7 MUFG Re-Imagining Strategy – Building Anew at MUFG 24 • Environment recognition 25 • Key points of FY2017 Q1-3 8 • Income statement summary 9 • Overall picture 26 • Balance sheets summary 10 • Strengthening our management approach based on 27 customer- and business-based segments • Outline of results by business segment 11 • Business transformation through the use of digital 30 • Loans / Deposits 12 technology • Domestic deposit / lending rate 13 • Initiatives to improve productivity 37 • Non-JPY assets and funding 14 • Reorganization of MUFG group management 38 • Investment securities 15 • Positive effects of reduction in workloads 39 • Expense 16 • Asset quality 17 Capital Policy 40 • Capital 19 • Financial results of MUSHD 20 Corporate Governance 46 • Financial results of MUN / ACOM 21 • Financial results of MUAH / Krungsri 22 Appendix 51 • Financial results of Morgan Stanley and 23 • Historical outlook by business segment 52 major collaborations • Growth strategy 59 • TLAC requirement 71 6

  7. Outline of FY2017 Q1-3 Results 7

  8. Key points of FY2017 Q1-3 (Consolidated) Breakdown of FY17 Q1-3 profits  Profits attributable to owners of parent were attributable to owners of parent *1 ¥863.4 bn (increased ¥76.4 bn from FY16Q1-3) (¥bn) • Progress rate was 90.8% of ¥950.0 bn annual target Morgan 1,000 • While net operating profits decreased, profits attributable Stanley MUFG 139.3 to owners of parent increased mainly due to an increase Consolidated 900 of net gains on equity securities, profits from investments 863.4 in affiliates and net extraordinary gains in addition to a Others *4 ACOM MUN 21.6 (58.7) 800 decrease of credit costs MUSHD 23.0 KS *3 31.1 49.9 MUAH *2  Major Actions 700 80.2 • Announced “MUFG Re-Imagining Strategy MUTB - Building Anew at MUFG” 600 151.5 • Decided functional realignment of group management and rename of commercial bank name 500 BTMU • Made MUN a wholly owned subsidiary 425.1 400 • Established Japan Digital Design, Inc. • Sold shares in CIMB Group Holdings Berhad 300 • Made a strategic investment in Indonesia’s Bank Danamon 200  Shareholder return and others • FY17 interim dividend was ¥9 per common stock. 100 FY17 dividend forecast is ¥18 per common stock • Repurchased own shares approx. ¥200.0 bn 0 • Established a policy regarding cancellation of own shares *1 The above figures take into consideration the percentage holding in each and cancelled a part of own shares accordingly subsidiary and equity method investee (after-tax basis) *2 MUFG Americas Holdings Corporation • Approx. ¥155.0 bn equities holdings were sold *3 Bank of Ayudhya (Krungsri) on acquisition costs basis *4 Including cancellation of the amount of inter-group dividend receipt and equity method income from other affiliate companies • Appointed two outside directors from Asia and North America 8

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