Fair Value (Tables)
 12 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value by Level on Recurring Basis The following tables present the financial instruments carried at fair value by level within the fair value hierarchy as of March 31, 2021 and 2022:
At March 31, 2021Level 1Level 2Level 3Fair Value
 (in millions)
Assets    
Trading account assets:    
Trading securities(1)
¥18,439,146 ¥13,165,127 ¥756,413 ¥32,360,686 
Debt securities
Japanese national government and Japanese government agency bonds6,800,379 401,454 — 7,201,833 
Japanese prefectural and municipal bonds— 193,936 — 193,936 
Foreign government and official institution bonds9,508,030 450,443 1,280 9,959,753 
Corporate bonds5,123 2,706,611 77 2,711,811 
Residential mortgage-backed securities27 6,166,313 1,000 6,167,340 
Asset-backed securities— 1,045,706 336,811 1,382,517 
Other debt securities— — 277,635 277,635 
Commercial paper— 1,001,233 — 1,001,233 
Equity securities(2)
2,125,587 1,199,431 139,610 3,464,628 
Trading derivative assets136,515 11,774,865 70,058 11,981,438 
Interest rate contracts23,906 7,673,031 21,018 7,717,955 
Foreign exchange contracts929 3,896,713 12,520 3,910,162 
Equity contracts111,680 113,586 6,309 231,575 
Commodity contracts— 1 26,896 26,897 
Credit derivatives— 91,534 2,354 93,888 
Other(7)
— — 961 961 
Investment securities:
Available-for-sale debt securities34,010,613 12,817,584 289,616 47,117,813 
Japanese national government and Japanese government agency bonds32,073,409 3,199,802 — 35,273,211 
Japanese prefectural and municipal bonds— 3,731,513 — 3,731,513 
Foreign government and official institution bonds1,937,204 973,041 16,718 2,926,963 
Corporate bonds— 1,134,108 162 1,134,270 
Residential mortgage-backed securities— 1,467,115 15 1,467,130 
Commercial mortgage-backed securities— 462,966 1,599 464,565 
Asset-backed securities— 1,247,565 136,920 1,384,485 
Other debt securities— 37,376 134,202 171,578 
Commercial paper— 564,098 — 564,098 
Equity securities5,530,077 229,415 45,569 5,805,061 
Marketable equity securities5,530,077 229,415 — 5,759,492 
Nonmarketable equity securities(3)
— — 45,569 45,569 
Other(4)
1,202,230 42,687 18,784 1,263,701 
Total¥59,318,581 ¥38,029,678 ¥1,180,440 ¥98,528,699 
At March 31, 2021Level 1 Level 2 Level 3 Fair Value
 (in millions)
Liabilities       
Trading account liabilities:       
Trading securities sold, not yet purchased¥260,149 ¥989 ¥— ¥261,138 
Trading derivative liabilities150,750 11,560,634 45,031 11,756,415 
Interest rate contracts10,696 7,343,594 6,839 7,361,129 
Foreign exchange contracts977 4,015,927 5,237 4,022,141 
Equity contracts139,077 92,655 5,686 237,418 
Commodity contracts— 1 26,959 26,960 
Credit derivatives— 108,457 83 108,540 
Other(7)
— — 227 227 
Obligation to return securities received as collateral(5)
6,484,452 97,307 — 6,581,759 
Other(6)
— 558,553 (2,212)556,341 
Total¥6,895,351 ¥12,217,483 ¥42,819 ¥19,155,653 
At March 31, 2022Level 1Level 2Level 3Fair Value
 (in millions)
Assets    
Trading account assets:    
Trading securities(1)
¥17,170,976 ¥13,998,654 ¥797,997 ¥31,967,627 
Debt securities
Japanese national government and Japanese government agency bonds7,927,707 344,034 — 8,271,741 
Japanese prefectural and municipal bonds— 132,097 — 132,097 
Foreign government and official institution bonds7,606,345 471,163 1,711 8,079,219 
Corporate bonds3,198 2,664,869 683 2,668,750 
Residential mortgage-backed securities— 6,792,386 — 6,792,386 
Commercial mortgage-backed securities— 7,402 — 7,402 
Asset-backed securities— 1,210,875 315,231 1,526,106 
Other debt securities— — 313,166 313,166 
Commercial paper— 1,271,921 — 1,271,921 
Equity securities(2)
1,633,726 1,103,907 167,206 2,904,839 
Trading derivative assets201,860 10,204,531 115,040 10,521,431 
Interest rate contracts121,584 5,268,790 54,309 5,444,683 
Foreign exchange contracts2,514 4,788,739 9,560 4,800,813 
Equity contracts77,762 47,207 25,979 150,948 
Commodity contracts— 88 21,984 22,072 
Credit derivatives— 99,707 2,808 102,515 
Other(7)
— — 400 400 
Investment securities:
Available-for-sale debt securities32,672,696 12,912,810 212,936 45,798,442 
Japanese national government and Japanese government agency bonds30,989,319 3,338,445 — 34,327,764 
Japanese prefectural and municipal bonds— 4,146,144 — 4,146,144 
Foreign government and official institution bonds1,683,377 936,076 11,890 2,631,343 
Corporate bonds— 1,087,059 3,089 1,090,148 
Residential mortgage-backed securities— 900,392 15 900,407 
Asset-backed securities— 1,464,041 124,379 1,588,420 
Other debt securities— 30,016 73,563 103,579 
Commercial paper— 1,010,637 — 1,010,637 
Equity securities4,834,102 152,041 55,883 5,042,026 
Marketable equity securities4,834,102 152,041 — 4,986,143 
Nonmarketable equity securities(3)
— — 55,883 55,883 
Other(4)
1,434,046 38,574 4,912 1,477,532 
Assets held for sale421,450 2,791,372 78,521 3,291,343 
Investment securities409,618 2,713,377 65,262 3,188,257 
Other11,832 77,995 13,259 103,086 
Total¥56,735,130 ¥40,097,982 ¥1,265,289 ¥98,098,401 
At March 31, 2022Level 1 Level 2 
Level 3
 Fair Value
 (in millions)
Liabilities       
Trading account liabilities:       
Trading securities sold, not yet purchased¥57,371 ¥2,455 ¥— ¥59,826 
Trading derivative liabilities217,570 10,697,699 43,951 10,959,220 
Interest rate contracts19,841 5,615,033 16,816 5,651,690 
Foreign exchange contracts4,017 4,901,054 2,097 4,907,168 
Equity contracts193,712 80,806 2,559 277,077 
Commodity contracts— — 22,029 22,029 
Credit derivatives— 100,806 79 100,885 
Other(7)
— — 371 371 
Obligation to return securities received as collateral(5)
6,670,482 155,733 — 6,826,215 
Other(6)
— 525,135 16,463 541,598 
Liabilities held for sale852 50,744 1,603 53,199 
Other852 50,744 1,603 53,199 
Total¥6,946,275 ¥11,431,766 ¥62,017 ¥18,440,058 
Notes:
(1)Includes securities measured under the fair value option.
(2)Excludes certain investments valued at net asset value of private equity funds whose fair values were ¥102,255 million and ¥179,278 million at March 31, 2021 and 2022, respectively. The amounts of unfunded commitments related to these private equity funds were ¥97,413 million and ¥110,360 million at March 31, 2021 and 2022, respectively.
(3)Excludes certain investments valued at net asset value of real estate funds and private equity and other funds whose fair values at March 31, 2021 were ¥27,395 million and ¥34,390 million, respectively, and those at March 31, 2022 were ¥30,142 million and ¥39,462 million, respectively. The amounts of unfunded commitments related to these real estate funds and private equity and other funds at March 31, 2021 were ¥1,006 million and ¥4,758 million, respectively, and those at March 31, 2022 were ¥1,011 million and nil, respectively.
(4)Mainly comprises securities received as collateral that may be sold or repledged under securities lending transactions and money in trust for segregating cash deposited by customers on security transactions.
(5)Included in Other liabilities.
(6)Includes other short-term borrowings, long-term debt, bifurcated embedded derivatives carried at fair value and derivative liabilities designated as hedging instruments.
(7)Includes certain derivatives such as earthquake derivatives.
Reconciliation of Assets and Liabilities Measured at Fair Value on Recurring Basis Using Level 3 Inputs Accordingly, the gains and losses in the tables below include changes in fair value due in part to observable inputs used in the valuation techniques.
 March 31, 2020 
 
Total gains (losses)
 for the period
       March 31, 2021 Change in
 unrealized
 gains (losses)
 for
 assets and
 liabilities
 still held at
 March 31,
 2021		 
 Included
 in
 earnings		 Included
 in other
 comprehensive
 income 		PurchasesIssues Sales Settlements Transfers
 into
 Level 3		Transfers out of Level 3
 (in millions) 
Assets                      
Trading account assets:                      
Trading securities(1)
¥525,946 ¥21,730 (2)¥— ¥352,917 ¥— ¥(189,980)¥(117,399)¥190,391 ¥(27,192)¥756,413 ¥23,477 (2)
Debt securities
Foreign government and official institution bonds1,052 625 — 49,637 — (49,927)(59)— (48)1,280 159 
Corporate bonds144 31 — 82 — (180)— — — 77 (5)
Residential mortgage-backed securities— — — 51,533 — (50,533)— — — 1,000 — 
Asset-backed securities416,259 12,808 — 106,308 — (83,700)(114,864)— — 336,811 16,309 
Other debt securities6,651 11,096 — 69,499 — — — 190,389 (8)— 277,635 11,096 
Equity securities101,840 (2,830)— 75,858 — (5,640)(2,476)2 (27,144)(8)139,610 (4,082)
Trading derivatives—net3,477 45,361 (2)(104)597 (653)— (20,689)(2,159)(803)25,027 31,184 (2)
Interest rate contracts—net(750)14,401 (32)— — — 1,405 (99)(746)14,179 11,807 
Foreign exchange contracts—net5,005 3,743 (128)— — — 140 (1,480)3 7,283 3,812 
Equity contracts—net(4,222)27,299 55 3 — — (21,944)(580)12 623 15,660 
Commodity contracts—net(65)1 1 — — — — — — (63)1 
Credit derivatives—net2,727 (166)— — — — (290)— — 2,271 (182)
Other—net(9)
782 83 — 594 (653)— — — (72)734 86 
Investment securities:
Available-for-sale debt securities274,9306,710(3)(14,559)308,672—(11)(276,234)70(9,962)289,616(2,779)(3)
Foreign government and official institution bonds15,767—(888)3,518——(1,679)——16,718473
Corporate bonds10,108(8)(1)———(45)70(9,962)(5)162(10)
Residential mortgage-backed securities15————————15—
 Commercial mortgage-backed
     securities		1,977—(346)——(11)(21)——1,599(163)
Asset-backed securities140,8756,718(7,958)267,767——(270,482)——136,920(4,047)
Other debt securities106,188—(5,366)37,387——(4,007)——134,202968
Equity securities39,963(3,231)(3)—10,481—(1,725)—285(204)45,569(4,150)(3)
Nonmarketable equity securities39,963(3,231)—10,481—(1,725)—285(204)45,569(4,150)
Other36,701(18,626)(7)(1,349)2,346—(18)(270)——18,784(18,620)(7)
Total¥881,017 ¥51,944 ¥(16,012)¥675,013 ¥(653)¥(191,734)¥(414,592)¥188,587 ¥(38,161)¥1,135,409 ¥29,112 
Liabilities
Other¥6,606 ¥(32,946)(4)¥937 ¥— ¥5,336 ¥— ¥(27,823)¥(7,686)(6)¥(10,654)(6)¥(2,212)¥(17,043)(4)
Total¥6,606 ¥(32,946)¥937 ¥— ¥5,336 ¥— ¥(27,823)¥(7,686)¥(10,654)¥(2,212)¥(17,043)
 March 31, 2021 
 
Total gains (losses)
 for the period
 Purchases Issues  Sales  Settlements  
Transfers
 into
 Level 3(10)
 
Transfers
 out of
 Level 3(10)
 March 31, 2022 Change in
 unrealized
 gains (losses)
 for assets
 and
 liabilities
 still held at
 March 31,
 2022		 
 Included
 in
 earnings		 Included
 in other
 comprehensive
 income
 (in millions) 
Assets                      
Trading account assets:                      
Trading securities(1)
¥756,413 ¥41,919 (2)¥— ¥458,395 ¥— ¥(197,245)¥(262,150)¥665 ¥— ¥797,997 ¥40,113 (2)
Debt securities
Foreign government and official institution bonds1,280 287 — 31,591 — (31,432)(15)— — 1,711 47 
Corporate bonds77 (68)— 126 — (100)— 648 — 683 (69)
Residential mortgage-backed securities1,000 (2)— 97,197 — (98,176)(19)— — — — 
Asset-backed securities336,811 26,692 — 270,974 — (67,500)(251,746)— — 315,231 27,693 
Other debt securities277,635 14,179 — 21,352 — — — — — 313,166 14,179 
Equity securities139,610 831 — 37,155 — (37)(10,370)17 — 167,206 (1,737)
Trading derivatives—net25,027 23,754 (2)1,882 51 (674)— (16,312)41,076 (3,715)71,089 46,149 (2)
Interest rate contracts—net14,179 (25,977)824 — — — 9,696 39,609 (5)(838)37,493 4,410 
Foreign exchange contracts—net7,283 2,403 206 21 — — 1,833 1,467 (5,750)7,463 (1,640)
Equity contracts—net623 46,579 858 30 — — (27,543)— 2,873 23,420 42,546 
Commodity contracts—net(63)30 (6)— — — (6)— — (45)30 
Credit derivatives—net2,271 750 — — — — (292)— — 2,729 819 
Other—net(9)
734 (31)— — (674)— — — — 29 (16)
Investment securities:
Available-for-sale debt securities289,616 277 (3)25,143 236,786 — — (287,747)15,651 (66,790)212,936 12,545 (3)
Foreign government and official institution bonds16,718 — 607 5,163 — — (5,964)— (4,634)11,890 87 
Corporate bonds162 (328)68 557 — — (114)2,854 (110)3,089 (265)
Residential mortgage-backed securities15 — — — — — — — — 15 — 
Commercial mortgage-backed securities1,599 — 104 — — — (524)— (1,179)— — 
Asset-backed securities136,920 580 14,066 231,039 — — (258,226)— — 124,379 6,651 
Other debt securities134,202 25 10,298 27 — — (22,919)12,797 (8)(60,867)73,563 6,072 
Equity securities45,569 5,856 (3)— 9,899 — (3,113)— 130 (2,458)55,883 3,960 (3)
Nonmarketable equity securities45,569 5,856 — 9,899 — (3,113)— 130 (2,458)55,883 3,960 
Other18,784 (402)(7)1,049 2,369 — (4,612)(202)—(12,074)4,912 1,245 (7)
Assets held for sale — (2,589)(11)4,234 770 — — (4,247)78,750 — 76,918 1,461 (11)
Investment securities— (963)3,791 1 — — (4,247)66,680 — 65,262 5,737 
Other— (1,626)443 769 — — — 12,070 — 11,656 (4,276)
Total¥1,135,409 ¥68,815 ¥32,308 ¥708,270 ¥(674)¥(204,970)¥(570,658)¥136,272 ¥(85,037)¥1,219,735 ¥105,473 
Liabilities
Other¥(2,212)¥8,315 (4)¥(3,080)¥— ¥36,535 ¥— ¥(19,361)¥5,364 (6)¥1,372 (6)¥16,463 ¥15,532 (4)
Total¥(2,212)¥8,315 ¥(3,080)¥— ¥36,535 ¥— ¥(19,361)¥5,364 ¥1,372 ¥16,463 ¥15,532 
Notes:
(1)Includes Trading securities measured under the fair value option.
(2)Included in Trading account profits (losses)—net and Foreign exchange gains (losses)—net.
(3)Included in Investment securities gains (losses)—net and Other comprehensive income—net.
(4)Included in Trading account profits (losses)—net.
(5)Transfers into Level 3 for Interest rate contracts—net were mainly caused by changes in the impact of unobservable input to the entire fair value measurement. Unobservable input includes loss given default. Transfers out of Level 3 for Corporate bonds were due to changes in the impact of unobservable credit worthiness inputs to the entire fair value measurement of the private placement bonds issued by Japanese non-public companies. Unobservable credit worthiness inputs include probability of default based on credit ratings of the bond issuers and loss given default.
(6)Transfers into (out of) Level 3 for long-term debt in Other were mainly caused by the decrease (increase) in the observability of the key inputs to the valuation models and a corresponding increase (decrease) in the significance of the unobservable inputs.
(7)Included in Fees and commissions income and Other non-interest income.
(8)Transfers relate to the reclassification of certain securities.
(9)Includes certain derivatives such as earthquake derivatives.
(10)Includes the reclassification of assets and liabilities in transferred business of MUFG Union Bank to assets and liabilities held for sale.
(11)Included in Investment securities gains (losses)—net, Trading account profits (losses)—net, Fees and commissions income and Other comprehensive income—net.
Quantitative Information about Level 3 Fair Value Measurements
The following tables present information on the valuation techniques, significant unobservable inputs and their ranges for each major category of assets and liabilities measured at fair value on a recurring basis and classified in Level 3:
At March 31, 2021
Fair value(1)
 Valuation technique Significant unobservable inputs Range 
Weighted
 average(2)
 (in millions)        
Assets         
Trading securities and Investment securities:         
Foreign government and official institution bonds¥16,718 Return on equity methodProbability of default
0.2%~1.8%
0.5 %
 Recovery rate
35.0%~90.0%
66.9 %
 Market-required return on capital
8.0%~10.0%
10.0 %
Residential mortgage-backed securities, Commercial mortgage-backed securities and Asset-backed securities89,607 Discounted cash flowProbability of default
4.3%~4.9%
4.7 %
 Recovery rate
78.0%~96.6%
90.6 %
 279,547 
Internal model(4)
Asset correlations3.0%3.0 %
 Discount factor
1.3%~1.6%
1.3 %
 Prepayment rate18.3%18.3 %
 Probability of default
0.0%~83.7%
—(3)
 Recovery rate57.4%57.4 %
Other debt securities313,895 Discounted cash flowLiquidity premium
1.0%~3.2%
2.9 %
 79,541 Return on equity methodProbability of default
0.0%~8.0%
0.4 %
 Recovery rate
60.0%~90.0%
78.8 %
 Market-required return on capital
8.0%~10.0%
10.0 %
At March 31, 2021
Fair value(1)
 Valuation technique Significant unobservable inputs Range
Median(2)
 
(in millions)
      
Trading derivatives—net:       
Interest rate contracts—net12,841Option modelCorrelation between interest rates
30.0%~61.9%
44.8 %
 Correlation between interest rate and foreign exchange rate
15.1%~60.0%
41.6 %
 Volatility
0.0%~100.0%
65.0 %
Foreign exchange contracts—net7,283Option modelCorrelation between interest rates
10.0%~70.0%
51.0 %
 Correlation between interest rate and foreign exchange rate
0.0%~60.0%
38.9 %
 Correlation between foreign exchange rates
50.0%~70.6%
66.4 %
 Volatility
9.5%~22.1%
13.7 %
Equity contracts—net(4,597)Option modelCorrelation between foreign exchange rate and equity
(58.4)%~55.0%
26.2 %
 Correlation between equities
15.0%~95.0%
54.0 %
 Volatility
27.5%~40.0%
31.8 %
 5,557Discounted cash flowTerm of litigation
0.0 year ~1.2 years
0.6 year
At March 31, 2022
Fair value(1)
 Valuation technique Significant unobservable inputs Range 
Weighted
 average(2)
 
(in millions)
        
Assets         
Trading securities, Investment securities and Other assets:         
Foreign government and official institution bonds¥17,297 Return on equity methodProbability of default
0.2%~1.8%
0.5%
 Recovery rate
35.0%~70.0%
64.4%
 Market-required return on capital
10.0%
10.0%
Residential mortgage-backed securities, Commercial mortgage-backed securities and Asset-backed securities98,325 Discounted cash flowRecovery rate
100.0%
100.0%
 238,864 
Internal model(4)
Asset correlations3.0%3.0%
 Discount factor
0.6%~1.0%
0.9%
 Prepayment rate29.0%29.0%
 Probability of default
0.0%~85.4%
—(3)
 Recovery rate69.9%69.9%
Other debt securities369,445 Discounted cash flowLiquidity premium
0.9%~3.2%
2.8%
 58,677 Return on equity methodProbability of default
0.1%~8.0%
0.4%
 Recovery rate
60.0%~90.0%
82.7%
 Market-required return on capital
8.0%~10.0%
9.9%
     
At March 31, 2022
Fair value(1)
 Valuation technique Significant unobservable inputs Range 
Median(2)
 
(in millions)
        
Trading derivatives—net:         
Interest rate contracts—net35,195 Option modelCorrelation between interest rates
30.0%~62.9%
45.6%
 Correlation between interest rate and foreign exchange rate
15.3%~60.0%
41.0%
 Volatility
0.0%~100.0%
61.9%
Foreign exchange contracts—net7,463 Option modelCorrelation between interest rates
10.0%~70.0%
51.5%
 Correlation between interest rate and foreign exchange rate
0.0%~60.0%
37.4%
 Correlation between foreign exchange rates
50.0%~70.6%
66.4%
 Volatility
9.0%~21.7%
13.3%
Equity contracts—net772 Option modelCorrelation between foreign exchange rate and equity
(58.4)%~55.0%
23.1%
 Correlation between equities
2.4%~95.0%
51.4%
 Volatility
26.0%~38.0%
31.8%
 22,648 Discounted cash flowTerm of litigation1.8 years1.8 years
Notes:
(1)The fair value as of March 31, 2021 and 2022 excludes the fair value of investments valued using vendor prices.
(2)Weighted average is calculated by weighing each input by the relative fair value of the respective financial instruments for investment securities. Median is used for derivative instruments.
(3)See “Probability of default” in “Changes in and range of unobservable inputs.”
(4)For further detail of Internal model, refer to the last paragraph of “Trading Account Assets and Liabilities—Trading Account Securities.”
Carrying Value of Assets Measured at Fair Value on Nonrecurring Basis by Level The following table presents the carrying value of assets measured at fair value on a nonrecurring basis by level within the fair value hierarchy as of March 31, 2021 and 2022:
 20212022
 Level 1 Level 2 Level 3 
Total
 carrying value
 Level 1 Level 2 Level 3 
Total
 carrying value
 (in millions)
Assets(3)
               
Investment securities(1)(2)
¥— ¥32,421 ¥8,357 ¥40,778 ¥— ¥9,839 ¥11,158 ¥20,997 
Loans2,667 5,125 255,676 263,468 2,175 3,153 236,622 241,950 
Loans held for sale— — 52,159 52,159 — — 42,994 42,994 
Collateral dependent loans2,667 5,125 203,517 211,309 2,175 3,153 193,628 198,956 
Premises and equipment— — 15,243 15,243 — — 17,301 17,301 
Intangible assets— — 2,421 2,421 — — 359 359 
Goodwill— — 132,976 132,976 — — — — 
Other assets111,626 33,840 24,512 169,978 11,880 — 17,282 29,162 
Investments in equity method investees(1)
111,626 33,840 8,384 153,850 11,880 — 1,035 12,915 
Other— — 16,128 16,128 — — 16,247 16,247 
Assets held for sale——————255,002 255,002 
Loans held for sale——————255,002 255,002 
Total¥114,293 ¥71,386 ¥439,185 ¥624,864 ¥14,055 ¥12,992 ¥537,724 ¥564,771 
Notes:
(1)Excludes certain investments valued at net asset value of ¥24,319 million and ¥26,644 million at March 31, 2021 and 2022, respectively. The unfunded commitments related to these investments are ¥19,101 million and ¥22,197 million at March 31, 2021 and 2022, respectively. These investments are in private equity funds.
(2)Includes certain nonmarketable equity securities that are measured at fair value on a nonrecurring basis, including impairment and observable price change for nonmarketable equity securities measured under the measurement alternative.
(3)In addition to the above table, the assets and liabilities of MUFG Union Bank, which will be transferred to U.S. Bancorp, were reclassified as held for sale. As a result, the disposal group was measured at fair value less expected costs to sell which was lower than its carrying amount. The amount of the fair value is ¥1,992,632 million as of March 31, 2022 and classified in Level 3 based on the transaction's expected consideration.
Losses (Gains) Recorded as a Result of Changes in Fair Value Measured on a Nonrecurring Basis
The following table presents losses (gains) recorded as a result of changes in the fair value of assets measured at fair value on a nonrecurring basis for the fiscal years ended March 31, 2021 and 2022:
 20212022
 
(in millions)
Investment securities¥(16,522)¥1,232 
Loans116,849 30,638 
Loans held for sale959 1,893 
Collateral dependent loans115,890 28,745 
Premises and equipment11,548 5,701 
Intangible assets19,200 10,412 
Goodwill147,564 — 
Other assets111,374 27,268 
Investments in equity method investees53,758 6,949 
Other57,616 20,319 
Assets held for sale— 3,165 
Loans held for sale— 3,165 
Total(1)
¥390,013 ¥78,416 

Note:
(1)In addition to the above table, the assets and liabilities of MUFG Union Bank, which will be transferred to U.S. Bancorp, were reclassified as held for sale. As a result, the disposal group was measured at fair value less expected costs to sell which was lower than its carrying amount. The impairment of assets held for sale was ¥134,141 million for the fiscal year ended March 31,2022.
Gains (Losses) Related to Instruments for which Fair Value Option was Elected
The following table presents the gains or losses recorded for the fiscal years ended March 31, 2020, 2021 and 2022 related to the eligible instruments for which the MUFG Group elected the fair value option:
 202020212022
 
Trading
 account
 profits (losses)
 
Foreign
 exchange
 gains (losses)
 
Total
 changes in
 fair value
 
Trading
 account
 profits (losses)
 
Foreign
 exchange
 gains (losses)
 
Total
 changes in
 fair value
 
Trading
 account
 profits (losses)
 
Foreign
 exchange
 gains (losses)
 
Total
 changes in
 fair value
 
(in millions)
Financial assets:                 
Trading account securities¥837,832 ¥(596,017)¥241,815 ¥(370,238)¥723,505 ¥353,267 ¥(984,605)¥1,752,995 ¥768,390 
Total¥837,832 ¥(596,017)¥241,815 ¥(370,238)¥723,505 ¥353,267 ¥(984,605)¥1,752,995 ¥768,390 
Financial liabilities:
Other short-term borrowings(1)
¥5,194 ¥— ¥5,194 ¥(6,484)¥— ¥(6,484)¥5,552 ¥— ¥5,552 
Long-term debt(1)
(8,087)— (8,087)1,523 — 1,523 50,082 — 50,082 
Total¥(2,893)¥— ¥(2,893)¥(4,961)¥— ¥(4,961)¥55,634 ¥— ¥55,634 
Note:
(1)Changes in the value attributable to the instrument-specific credit risk related to those financial liabilities were not material.
Differences between Aggregate Fair Value and Aggregate Remaining Contractual Principal Balance Outstanding
The following table presents the differences between the aggregate fair value and the aggregate remaining contractual principal balance outstanding as of March 31, 2021 and 2022 for long-term debt instruments for which the fair value option has been elected:
 20212022
 
Remaining
 aggregate
 contractual
 amounts
 outstanding
 Fair value 
Fair value
 over (under)
 remaining
 aggregate
 contractual
 amounts
 outstanding
 
Remaining
 aggregate
 contractual
 amounts
 outstanding
 Fair value 
Fair value
 over (under)
 remaining
 aggregate
 contractual
 amounts
 outstanding
 
(in millions)
Financial liabilities:           
Long-term debt¥420,227 ¥402,823 ¥(17,404)¥511,851 ¥483,051 ¥(28,800)
Total¥420,227 ¥402,823 ¥(17,404)¥511,851 ¥483,051 ¥(28,800)
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments Not Carried at Fair Value on a Recurring Basis on Consolidated Balance Sheets by Level
The following is a summary of carrying amounts and estimated fair values by level within the fair value hierarchy of financial instruments which are not carried at fair value on a recurring basis in the accompanying consolidated balance sheets as of March 31, 2021 and 2022:
 
Carrying
 amount
 Estimated fair value
At March 31, 2021 Total Level 1 Level 2 Level 3
 (in billions)
Financial assets:         
Cash and due from banks¥49,977 ¥49,977 ¥49,977 ¥— ¥— 
Interest-earning deposits in other banks53,347 53,347 — 53,347 — 
Call loans and funds sold1,256 1,256 — 1,256 — 
Receivables under resale agreements13,780 13,780 — 13,780 — 
Receivables under securities borrowing transactions3,370 3,370 — 3,370 — 
Investment securities3,904 3,939 1,123 780 2,036 
Loans, net of allowance for credit losses(1)
114,350 115,709 3 298 115,408 
Other financial assets(2)
8,108 8,108 — 8,108 — 
Financial liabilities:
Deposits
Non-interest-bearing¥38,521 ¥38,521 ¥— ¥38,521 ¥— 
Interest-bearing190,695 190,712 — 190,712 — 
Total deposits229,216 229,233 — 229,233 — 
Call money and funds purchased2,354 2,354 — 2,354 — 
Payables under repurchase agreements24,568 24,568 — 24,568 — 
Payables under securities lending transactions843 843 — 843 — 
Due to trust account and other short-term borrowings17,883 17,883 — 17,883 — 
Long-term debt34,773 35,042 — 35,042 — 
Other financial liabilities7,027 7,027 — 7,027 — 
 
Carrying
 amount
 Estimated fair value
At March 31, 2022 Total Level 1 Level 2 Level 3
 (in billions)
Financial assets:         
Cash and due from banks¥50,972 ¥50,972 ¥50,972 ¥— ¥— 
Interest-earning deposits in other banks58,848 58,848 — 58,848 — 
Call loans and funds sold1,316 1,316 — 1,316 — 
Receivables under resale agreements12,503 12,503 — 12,503 — 
Receivables under securities borrowing transactions4,496 4,496 — 4,496 — 
Investment securities4,595 4,606 1,758 460 2,388 
Loans, net of allowance for credit losses(1)
111,669 112,391 2 245 112,144 
Other financial assets(2)
9,207 9,207 — 9,207 — 
Financial liabilities:
Deposits
Non-interest-bearing¥36,496 ¥36,496 ¥— ¥36,496 ¥— 
Interest-bearing188,112 188,080 — 188,080 — 
Total deposits224,608 224,576 — 224,576 — 
Call money and funds purchased2,416 2,416 — 2,416 — 
Payables under repurchase agreements27,726 27,726 — 27,726 — 
Payables under securities lending transactions1,022 1,022 — 1,022 — 
Due to trust account and other short-term borrowings22,728 22,728 — 22,728 — 
Long-term debt34,245 33,974 — 33,974 — 
Other financial liabilities7,560 7,560 — 7,560 — 
Notes:
(1)Includes loans held for sale and collateral dependent loans measured at fair value on a nonrecurring basis. Refer to “Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis” for the details of the level classification.
(2)Excludes investments in equity method investees of ¥2,560 billion and ¥3,067 billion at March 31, 2021 and 2022, respectively.