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Mitsubishi UFJ Financial Group is the largest bank in Japan in terms of market capitalization and assets with an 8.9% share of all domestic loans as of June 2020. It is the largest non-Chinese bank group globally and has a balance sheet slightly larger than those of JPMorgan Chase and HSBC Holdings. MUFG’s operations in Japan account for around half of profit, Bank of Ayudhya in Thailand around 10%, banking operations in the U.S. around 12% and equity-method earnings from Morgan Stanley more than 20%. We expect newly consolidated Bank Danamon in Indonesia to contribute 2%-3% of total earnings going forward.
Tokyo, 100-8330, Japan