Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
Mitsubishi UFJ Financial Group is the largest bank in Japan in terms of market capitalization and assets with an 8.5% share of all domestic loans as of December 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 10% and equity-method earnings from Morgan Stanley more than 30%. We expect recently consolidated Bank Danamon in Indonesia to contribute 2%-3% of total earnings going forward.
Tokyo, 100-8330, Japan