MITSUBISHI UFJ FINANCIAL GROUP INC

MUFG is a financial group that engages in various banking activities. During the fiscal year ended March 31, 2025, the company secured 358.0 billion in perpetual subordinated Additional Tier 1 debt financing through securities issuance and borrowings in Japan. In June 2025, it issued 280 billion in perpetual subordinated Additional Tier 1 debt securities in Japan. These financial instruments allow the company to stop interest payments and write down the principal if certain events occur, such as its Common Equity Tier 1 capital ratio falling below 5.125%, reaching the point of non-viability (PONV), or becoming subject to bankruptcy. The principal may be reinstated if the ratio improves and is permitted by the Japanese banking regulator. Also, during the fiscal year ended March 31, 2025, MUFG obtained 363.0 billion in subordinated term Tier 2 debt financing via securities issuance and borrowings in Japan. The company can be exempted from paying principal and interest on these if it reaches PONV. PONV is defined as when the Prime Minister of Japan confirms that specific measures under the Deposit Insurance Act of Japan need to be applied to MUFG due to its liabilities exceeding or likely exceeding its assets, or its suspension or likely suspension of payments. On May 16, 2024, Mitsubishi UFJ Trust and Banking acquired all shares of Link Administration Holdings Limited, an Australian pension and stock administration company, for 113.5 billion in cash. This company is now named MUFG Pension & Market Services Holdings Limited.