MITSUBISHI UFJ FINANCIAL GROUP, INC. (MUFG;
Mitsubishi Yūefujei Finansharu Gurūpu) is a Japanese bank
holding / financial services company headquartered in
Chiyoda, Tokyo ,
MUFG holds assets of around US$2.459 trillion as of 2016, making it
world\'s fourth largest bank by total assets and is one of the main
companies of the
Mitsubishi Group . It is Japan's largest financial
group and the world's second largest bank holding company holding
around US$1.8 trillion (JPY 148 trillion) in deposits as of March
2011. MUFG is the second largest public company in
measured by market capitalization.
* 1 Background
* 2 History
Tokyo Financial Group, Inc.
* 2.2 UFJ Holdings, Inc.
* 3 Group companies
* 4 Holdings
* 5 Major shareholders
* 6 See also
* 7 References
* 8 External links
The company was formed on October 1, 2005 with the merger of Tokyo
Tokyo Financial Group (MTFG), and
Osaka -based UFJ
The core banking units of the group,
Bank of Tokyo-
Mitsubishi and UFJ
Bank , were merged on January 1, 2006 to form The
Mitsubishi UFJ, Ltd. This integration was originally scheduled
to take place on October 1, 2005, the same day that the parent
companies were merged. However, pressure from Japan's Financial
Services Agency , which wanted to ensure the smooth systems
integration of the two banking giants, caused the merger of the banks
to be postponed for three months. The trust banking and securities
units of MTFG and UFJ were merged according to the original schedule
on October 1, 2005.
The financial group dates back to 1880 as the Yokohama Specie
later renamed to The
Tokyo . Also in 1880, The Mitsubishi
Bank, Ltd. was founded by former samurai Yataro Iwasaki. In 1919, the
Bank financed the
Mitsubishi zaibatsu , most of which is
Mitsubishi Heavy Industries . After the Second World War the
Keiretsu was broken up under US imposed laws, and
Bank took on greater independence, albeit still central to
the financing of the growth of the
Mitsubishi group of companies.
In April 1996, The
Mitsubishi Bank, Ltd. and The
Bank of Tokyo, Ltd.
Tokyo had been set up by the Japanese Government
to act as Japan's international bank, and solely responsible for all
Yen forex trading. During the Second World War The
controversially been the banker to the
Imperial Japanese Army as it
expanded through conquest throughout Asia. Its monopolistic position,
dominating all Yen forex trades, was eroded over time and eventually
ended during the 1990s. However, uniquely in Japan, with no
Tokyo was an ideal partner for
Bank , complementing
the latter' strong domestic franchise with a unique international
footprint. Additionally, during Japans lost decade of economic
stagnation, this marriage of two relatively strong banks was seen as a
positive step in cleaning up the country's moribund banking sector.
In July 2004, Japan's fourth-largest financial group UFJ Holdings
offered to merge with MTFG. The merger of the two bank holding
companies was completed on October 1, 2005. UFJ was created from a
merger with the
Toyo Trust and Banking , a part of the
Corporation. Toyota's chairman sat on the board of the UFJ which
became one of the world's largest money losing corporations. UFJ was
accused by the government of corruption and making bad loans to the
yakuza crime syndicates. The UFJ is one of the largest shareholders of
Toyota. The trust banking and securities units of the two groups were
merged on the same day. The core banking units of MTFG and UFJ, The
Bank of Tokyo-Mitsubishi, Ltd. and UFJ
Bank , respectively, continued
to operate separately until January 1, 2006, when they were merged to
Bank of Tokyo-
Mitsubishi UFJ, Ltd. .
In September 2008, MUFG signed a letter of intent with Morgan Stanley
to form an alliance and purchase 20% of the American firm.
In 2008 at the 2008 ALB
Japan Law Awards,
Mitsubishi UFJ was
* In-House of the Year –
Bank In-House Team of
* Deal of the Year – Debt Market Deal of the Year
In April 2011, MUFG and
Morgan Stanley entered into an agreement to
convert MUFG's outstanding convertible preferred stock in Morgan
Morgan Stanley stock.
MITSUBISHI TOKYO FINANCIAL GROUP, INC.
MTFG Plaza is an office building of the
MITSUBISHI TOKYO FINANCIAL GROUP, INC. (MTFG;
Kabushiki kaisha mitsubishi tōkyō finansharu gurūpu) was one of
Japan's largest banks ranked by assets (an estimated US$1 trillion),
second only to
Mizuho Holdings . On October 1, 2005, MTFG completed
the acquisition of
UFJ Holdings , Japan's fourth largest banking
group, to form the
Mitsubishi UFJ Financial Group (MUFG), the world's
largest bank ranked by assets with ¥190 trillion (approximately $1.7
MTFG was widely considered financially the strongest of Japan's large
banks, with non-performing loans down to 2.9% of assets.
UFJ HOLDINGS, INC.
UFJ HOLDINGS, INC. (株式会社UFJホールディングス, UFJ;
Kabushiki kaisha yūefujei hōrudingusu) was the weakest among the
three major banking groups in Japan. "UFJ" is an abbreviation of
"United Financial of Japan", was formed from a merger of Sanwa Bank
Bank with the Toyo Trust & Banking Co. Ltd, a part of the
Toyota Motor Corporation. At the time, it was one of the largest
shareholders of Toyota. The
Toyota was a director on its
board during the financial scandals and indictments of three UFJ
executives. The banking crisis led to its merger, after being one of
the world's greatest losing corporations, on October 1, 2005, with the
Tokyo Financial Group to form the
Mitsubishi UFJ Financial
Formed April 1, 2001, with the merger of Sanwa
Bank , Tokai
Toyo Trust and Banking .
In July 2004, UFJ announced plans to merge with the
Financial Group . The merger was completed on October 1, 2005,
Mitsubishi UFJ Financial Group, the world's second
biggest bank by assets at $1.7 trillion, trailing behind Citigroup
with $2.4 trillion in assets.
In June 2011, MUFG took a 9.99 percent stake in Lynas Corp, the
Australian rare earths developer.
(as of January 1, 2006)
Bank of Tokyo-
Mitsubishi UFJ, Ltd.
Mitsubishi UFJ NICOS Co., Ltd. , a credit card issuer, formed
through the merger of UFJ Card Co., Ltd., Nippon Shinpan Company
Limited, UFJ Nicos Co., Ltd., DC Card Co., Ltd. and Kyodo Credit
Service Co., Ltd.
Mitsubishi UFJ Trust and Banking Corporation
Mitsubishi UFJ Securities Co., Ltd.
Mitsubishi UFJ Securities International plc , (UK )
Mitsubishi UFJ Information Technology
Mitsubishi Americas Holdings Corporation or MUAH , holding company
of MUFG Union Bank, NA as of July 1, 2014
The Senshu Bank, Ltd.
* UFJ Credit Co., Ltd.
* Toyo Hosho Services Co., Ltd.
* UFJ Strategic Partner Co., Ltd.
* UFJ Equity Investments Co., Ltd.
* UFJ Trust Equity Co., Ltd.
* NBL Co., Ltd.
* UFJ Business Finance Co., Ltd.
* Toyo Trust Total Finance Co., Ltd.
Investment Co., Ltd.
Asset Management Co., Ltd.
Mitsubishi UFJ Research and Consulting
* UFIT Co., Ltd.
* UFJ Capital Co., Ltd.
* UFJ Institute Ltd.
Bank Canada , (Canada)
Bank Nederland N.V. , (
* Sanwa Capital Finance 1 Limited , (
Cayman Islands )
* Sanwa Capital Finance 2 Limited , (Cayman Islands)
* UFJ Capital Finance 1 Limited , (Cayman Islands)
* UFJ Capital Finance 2 Limited , (Cayman Islands)
* UFJ Capital Finance 3 Limited , (Cayman Islands)
* UFJ Capital Finance 4 Limited , (Cayman Islands)
* UFJ Preferred Capital 1 Limited , (Cayman Islands)
* Tokai Preferred Capital Holdings Inc. , (United States)
* Tokai Preferred Capital Company L.L.C. , (United States)
* UFJ Finance
Aruba A.E.C. , (
* Tokai Finance (Curaçao) N.V. , (
Netherlands Antilles )
* TTB Finance Cayman Limited , (Cayman Islands)
* UFJ Investments Asia Limited, (Cayman Islands)
* The Chukyo Bank, Ltd. (39.9%)
* The Gifu Bank, Ltd. (21.3%)
* The Taisho Bank, Ltd. (25.9%)
* Central Leasing Co., Ltd. (14%)
* The Master Trust
Bank of Japan, Ltd. (46.5%)
* Mobit Co., Ltd. (50%)
* Mborder:solid #aaa 1px">
* Companies portal
* Loans in
* ^ A B C D E F "US. SEC Annual Report (Form 20-F)" (PDF). May
2013. Retrieved October 14, 2013.
* ^ https://www.forbes.com/companies/mitsubishi-ufj-financial/
* ^ "About MUFG."
Mitsubishi UFJ Financial Group. Retrieved on
December 7, 2009.
* ^ About MUFG > Company Overview :
Mitsubishi UFJ Financial Group
* ^ "Historical market caps of the largest Japanese companies".
Retrieved 1 April 2015.
* ^ Press Release.
Morgan Stanley (2008-09-22). Retrieved on
* ^ http://www.legalbusinessonline.com.au
* ^ "
Mitsubishi UFJ Financial Group And
Morgan Stanley Announce
Agreement To Convert
Morgan Stanley Convertible Preferred Stock To
Common Stock – TheStreet". thestreet.com. 2011. Retrieved July 19,
* ^ "
Mitsubishi UFJ buys 10% of Australia\'s Lynas –
MarketWatch". marketwatch.com. 2011. Retrieved July 19, 2011.
* ^ "
Mitsubishi UFJ to Buy Stake in Vietin
Bank for $743 Million".
Bloomberg. December 27, 2012. Retrieved December 27, 2012.
Mitsubishi UFJ Financial Group website—(in Japanese)
Mitsubishi UFJ Financial Group