Equity · Financial services
Mitsubishi UFJ Financial Group, Inc. (MUFG) perpetual futures
MUFG perpetual futures on 4 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade MUFGUSDT.
Mitsubishi UFJ Financial Group (MUFG) is a global financial holding company providing banking, trust, securities, asset management, and advisory services to individuals, businesses, and institutions.
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Trading data
Perpetual market activity
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Venue matrix
4 markets
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| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 BingX | Trade | MUFG-USDT | Trading | $21.89 | +5.5% APR +0.00500% every 8h | +54.8 bps | $252.7K | $234.5K | $2.1K | USDT | - | |
 Bitget | Trade | MUFG/USDT | Trading | $21.90 | 0.0% APR 0.000% every 8h | +2.3 bps | $339.4K | $120.6K | $150.6K | USDT | 20x | |
 MEXC | Trade | MUFG/USDT | Trading | $21.88 | 0.0% APR 0.000% every 8h | +59.4 bps | $2.1K | $102K | $45.7K | USDT | 20x | |
 Gate.io | Trade | MUFG/USDT | Trading | $21.92 | 0.0% APR 0.000% every 8h | +161.1 bps | $18.9K | $263 | $17.8K | USDT | 20x |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kThin liquidity · 2 of 4 venues absorb $10k · Typical cost: +17.6 bps – +32.4 bps
Cheapest execution: Bitget · +10.2 bps
Too thin: MEXC
No fresh book data: Gate.io
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
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MUFGTightest spread
MUFGHighest volume
MUFGFunding history
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Stored venue snapshots by marketNext catalyst
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No unusual perp activity right now.
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6Company events
6Peer comparison
Similar listed perpsRevenue mix
Latest annualAnalysts
Price targetsAnalyst rating history
RatingsOwnership
Institutional · 2026-Q3Reference market activity
MUFG-PERPPrice performance
11Insider activity
FY2026 Q3Insider transactions
25MUFG executive Ochi Toshiki converted 93,836 Stock Compensation Plan Points into common stock (C-Conversion) and also acquired 46,800 shares via another transaction (J-Other) on 2026-07-14.
On July 14, 2026, Director Seki Hiroyuki acquired 63,700 common shares via a non-open-market transaction and converted 127,402 stock compensation plan points into common shares (both at $0.00).
Director Kobayashi Makoto reported a non-cash acquisition of 10,300 common shares and a conversion of 20,736 stock compensation plan points into common shares on July 14, 2026.
Director Kamezawa Hironori converted 218,614 stock compensation plan points into common stock and acquired 109,200 shares via other transactions, as reported on Form 4.
MUFG director Kanie Norio reported a non-cash acquisition of 5,400 common shares and a conversion of 10,826 stock compensation plan points into common shares, all at no cost.
Sakurai Takayuki reported 2 transactions: acquired 500 common shares via other, and converted 1,191 stock compensation plan points into common shares.
MUFG insider Tsukiyama Keitaro acquired 16,700 common shares via a non-open-market transaction and converted 33,408 stock compensation plan points into common shares, with no cash paid.
Director Mike Kanetsugu converted 158,826 Stock Compensation Plan Points into common shares and acquired 79,400 common shares via another transaction, both at $0.00.
Hanzawa Junichi, President & Group CEO of MUFG, received an award of 11,220 Stock Compensation Plan Points at $0.00 on 2026-07-01, holding 252,317 points after.
Officer Komoriya Masatoshi received a grant of 6,960 Stock Compensation Plan Points (Award, $0.00), now holding 23,583 points total.
MUFG's Sakurai Takayuki received a grant of 5,796 Stock Compensation Plan Points on July 1, 2026, according to a Form 4 filing. He now holds 8,436 points.
Itagaki Yasushi, Deputy Chairman of MUFG, was granted 7,236 Stock Compensation Plan Points, now holding 63,156 points total.
MUFG officer Miki Katayama received a grant of 5,796 Stock Compensation Plan Points (Award), at no cost.
Nakahama Fumitaka, an officer of MUFG, received a grant of 8,316 Stock Compensation Plan Points on July 1, 2026.
On 2026-07-01, officer Kamioka Tomoyuki received 3,324 Stock Compensation Plan Points as compensation (price $0.00), increasing his holdings to 38,233.
Filings
39 · Latest SEC filingsSakurai Takayuki reported 2 transactions: acquired 500 common shares via other, and converted 1,191 stock compensation plan points into common shares.
Director Mike Kanetsugu converted 158,826 Stock Compensation Plan Points into common shares and acquired 79,400 common shares via another transaction, both at $0.00.
Director Kobayashi Makoto reported a non-cash acquisition of 10,300 common shares and a conversion of 20,736 stock compensation plan points into common shares on July 14, 2026.
MUFG director Kanie Norio reported a non-cash acquisition of 5,400 common shares and a conversion of 10,826 stock compensation plan points into common shares, all at no cost.
MUFG insider Tsukiyama Keitaro acquired 16,700 common shares via a non-open-market transaction and converted 33,408 stock compensation plan points into common shares, with no cash paid.
Director Kamezawa Hironori converted 218,614 stock compensation plan points into common stock and acquired 109,200 shares via other transactions, as reported on Form 4.
MUFG executive Ochi Toshiki converted 93,836 Stock Compensation Plan Points into common stock (C-Conversion) and also acquired 46,800 shares via another transaction (J-Other) on 2026-07-14.
On July 14, 2026, Director Seki Hiroyuki acquired 63,700 common shares via a non-open-market transaction and converted 127,402 stock compensation plan points into common shares (both at $0.00).
On 2026-07-01, officer Kamioka Tomoyuki received 3,324 Stock Compensation Plan Points as compensation (price $0.00), increasing his holdings to 38,233.
Nakahama Fumitaka, an officer of MUFG, received a grant of 8,316 Stock Compensation Plan Points on July 1, 2026.
Hanzawa Junichi, President & Group CEO of MUFG, received an award of 11,220 Stock Compensation Plan Points at $0.00 on 2026-07-01, holding 252,317 points after.
MUFG officer Miki Katayama received a grant of 5,796 Stock Compensation Plan Points (Award), at no cost.
MUFG's Sakurai Takayuki received a grant of 5,796 Stock Compensation Plan Points on July 1, 2026, according to a Form 4 filing. He now holds 8,436 points.
Itagaki Yasushi, Deputy Chairman of MUFG, was granted 7,236 Stock Compensation Plan Points, now holding 63,156 points total.
Officer Komoriya Masatoshi received a grant of 6,960 Stock Compensation Plan Points (Award, $0.00), now holding 23,583 points total.
Transcripts
Earnings callsFY2026 Q42026-05-19
Earnings calls
AI summary
positiveMUFG reported FY2025 (year ended March 31, 2026) net income attributable to owners of parent of JPY 2.7 trillion, up JPY 586.3 billion year-over-year, driven by higher net interest income from improved lending margins and higher yen rates, strong fee income growth in domestic and overseas solution businesses, and a significant contribution from Morgan Stanley. ROE reached 11.3% on a JPX basis, exceeding 11% for the first time. For FY2026, MUFG targets net income of JPY 2.7 trillion and ROE of approximately 12%. The company raised its FY2025 dividend to JPY 86 and plans JPY 96 for FY2026, with a share buyback of up to JPY 100 billion in H1. CET1 ratio (finalized basis) stood at 9.2%, below the target range due to Shriram Finance investment and increased lending, but management expects to recover within the target range during FY2026. The outlook faces uncertainties from the Middle East situation and potential rate hike delays.
Key takeaways
- FY2025 net income (JGAAP) reached a record high of approximately JPY 2.7 trillion, up JPY 586.3 billion year-over-year, with ROE of 11.3% (JPX basis), the first time above 11% since MUFG was established.
- Gross profits increased by JPY 1,290.2 billion year-over-year, driven by net interest income growth from higher yen rates and improved lending margins, and a substantial increase in fees (around JPY 300 billion for two consecutive years).
- Net income growth was also supported by exceptionally strong performance from Morgan Stanley (equity method earnings increased significantly).
- CET1 ratio (finalized and fully implemented Basel III, excluding unrealized gains) fell to 9.2%, below the target range, due to the Shriram Finance investment and a significant increase in loans; management expects to return to the range within FY2026.
- FY2026 targets include net income of JPY 2.7 trillion and ROE of approximately 12%, with planned dividend increase to JPY 96 per share and a JPY 100 billion share buyback in H1.
Financial highlights
- Gross profits increased by JPY 1,290.2 billion year-on-year (adjusted for Krungsri impact).
- Net operating profits increased by JPY 865.5 billion year-on-year.
- Profits attributable to owners of parent increased by JPY 586.3 billion to reach a record high, with ROE (JPX basis) of 11.3%.
- Total credit costs increased by JPY 290.6 billion year-on-year, in line with the initial forecast of JPY 350 billion.
Guidance
- FY2026 targets: profits attributable to owners of parent of JPY 2.7 trillion (increase of over 10% from FY2025), ROE of approximately 12%.
- FY2026 dividend projected at JPY 96 per share, up JPY 10 from FY2025.
- Share buyback of up to JPY 100 billion in H1 FY2026; H2 buyback will be evaluated based on profit progress and capital needs.
- Net interest income expected to increase from rising yen interest rates and rebound from realized losses from hedging review (approx. JPY 170 billion and JPY 140 billion after-tax, respectively).
Q&A themes
- CET1 ratio decline and capital management: management explains the decline is due to Shriram Finance investment and strong loan growth, and expects to recover within target range in FY2026; share buyback set conservatively at JPY 100 billion to restore capital.
- Underlying net interest income performance: NII increased despite absence of prior-year gains and Krungsri impact, indicating improved quality.
- Overseas loan growth drivers: includes bridge loans and temporary increases in O&D; distribution is proceeding smoothly.
- Middle East credit provisions: approximately JPY 25 billion provision recorded in FY2025; historical average credit costs are JPY 330 billion; potential increase of about JPY 100 billion if situation worsens.
Risks
- CET1 ratio (finalized Basel III) below target range at 9.2%; need to restore capital while balancing shareholder returns and growth.
- Uncertainty in the Middle East situation; potential negative impact on credit costs and business operations; supply chain disruptions in some areas.
- Potential delay in BOJ rate hikes could affect earnings forecast due to interest rate sensitivity.
FY2026 Q22025-11-16
Earnings calls
AI summary
positiveMUFG reported a record first-half profit of ¥1,292.9 billion, driven by strong net operating profits, lower credit costs, and robust Morgan Stanley earnings. The company revised its FY25 net income target upward by ¥100 billion to ¥2.1 trillion, citing better-than-planned customer segment NOP, lower credit costs, and one-time gains. Annual dividend forecast raised to ¥74 per share, and share buyback program expanded to ¥500 billion for the year. Management reiterated its commitment to achieving a 12% ROE target, outlining assumptions including a 1% policy rate and no further equity sale gains. The CEO will elaborate at the investor meeting on November 18.
Key takeaways
- Record H1 net profit of ¥1,292.9 billion, achieving 64.6% of initial full-year target.
- FY25 net income target revised up to ¥2.1 trillion from ¥2 trillion.
- Annual dividend forecast raised to ¥74, up ¥4 from initial forecast.
- Additional ¥250 billion share buyback approved, bringing full-year total to ¥500 billion.
- Path to 12% ROE assumes policy rate around 1% and no gains from equity sales.
Financial highlights
- Net operating profits increased ¥61.3 billion year-on-year.
- Gross profits rose ¥189.3 billion year-on-year, with net interest income and fees growing.
- Credit costs decreased ¥65.7 billion year-on-year.
- Equity in earnings of equity method investees increased significantly, mainly due to Morgan Stanley.
Guidance
- FY25 net income target revised up to ¥2.1 trillion.
- Annual dividend forecast raised to ¥74 per share.
- Total share buyback for FY25 increased to ¥500 billion.
- CET1 ratio expected to be between 10% and 10.5% at end of FY25.
Q&A themes
- Upward revision details: customer segment NOP upside ~¥30 billion, FX impact ~¥30 billion, one-time gains ~¥40 billion.
- CET1 ratio outlook and impact of exchange rates, especially yen appreciation.
- Credit cost trends and outlook for private credit, particularly data center lending.
- Fee income growth sustainability, driven by acquisitions and O&D initiatives.
Risks
- Potential impact of tariffs on credit costs in second half.
- Foreign exchange volatility could affect capital ratios and profits.
- Expense increases due to strategic investments in EMUTO, AI, and inflation.
FY2025 Q22024-11-14
Earnings calls
AI summary
positiveMUFG's first-half FY2024 net income reached ¥1,258.1 billion, exceeding ¥1 trillion for the first time in a half-year period, driven by strong customer segment growth, gains from equity sales, and favorable FX impacts. The company revised its full-year net income target upward by ¥250 billion to ¥1.75 trillion and increased the annual dividend forecast to ¥60 per share, with an additional ¥300 billion share repurchase announced. Progress on the medium-term business plan (MTBP) remains on track, with an ROE target of around 9% expected to be achieved ahead of schedule. The company also doubled its equity holdings reduction target to ¥700 billion for FY2024.
Key takeaways
- Net income for H1 FY2024 reached ¥1,258.1 billion, a record high and first time exceeding ¥1 trillion in a half-year period.
- FY2024 net income target revised up by ¥250 billion to ¥1.75 trillion, with ordinary profit target up by ¥350 billion.
- Annual dividend forecast increased to ¥60 per share (up ¥10 from initial), plus additional ¥300 billion share repurchase, totaling ¥400 billion for FY2024.
- Equity holdings reduction target doubled to ¥700 billion for FY2024, aiming to halve the book value balance over the MTBP.
- CET1 ratio stood at 11.2% at end-September, above the target range of 9.5%-10.5%, but expected to normalize by year-end.
Financial highlights
- Net operating profits for H1 FY2024: ¥1,305.3 billion, up ¥219.5 billion YoY, third consecutive record first-half.
- Net income: ¥1,258.1 billion, record high; excluding changes in closing dates of Morgan Stanley and Krungsri, profits increased ¥391.5 billion.
- Gross profits increased ¥424.4 billion YoY, driven by higher net interest income, fees, and positive FX and acquisition impacts.
- Total credit costs decreased ~¥48 billion YoY (excluding Krungsri impact) due to reversals of loan loss provisions at overseas branches.
Guidance
- FY2024 net income target raised to ¥1.75 trillion (from ¥1.5 trillion), ordinary profit target raised to ¥2.1 trillion (from ¥1.75 trillion).
- NOP target for FY2024 remains unchanged at ¥1.3 trillion.
- Annual dividend forecast raised to ¥60 per share (from ¥50), with additional share buybacks of ¥300 billion for FY2024 (total ¥400 billion).
- Equity holdings reduction target doubled to ¥700 billion for FY2024, aiming to reduce book value balance by half over MTBP.
Q&A themes
- Capital adequacy and CET1 ratio: impact of FX, profit accumulation, and shareholder returns on capital levels.
- NOP outlook for H2 FY2024: expectations of slowdown due to global markets and equity gains, with portfolio restructuring.
- Overseas loan loss provisions: reversal of provisions at overseas branches, particularly in the Americas, and impact on credit costs.
- Domestic lending demand: strong funding demand including large LBO/MBO deals, with capacity to respond within credit regulations.
Risks
- Potential impact of foreign exchange fluctuations, especially yen appreciation, on capital ratios and profits.
- Risks related to equity holdings reduction and unrealized gains volatility affecting future gains.
- Uncertainty in global economic conditions, particularly in Asia, could impact credit costs and overseas operations.
FY2024 Q42024-05-18
Earnings calls
AI summary
positiveMUFG reported record profits attributable to owners of parent of ¥1,490.7 billion for FY2023, with ROE of 8.5%. Net operating profit reached a record ¥1,843.7 billion. The company announced FY2024 targets of ¥1.5 trillion in profit and ¥50 dividend per share, along with a ¥100 billion share repurchase. A new medium-term business plan (MTBP) targets ROE of around 9% by FY2026, with NOP over ¥2.1 trillion and net profits over ¥1.6 trillion. The CET1 ratio target range is set at 9.5-10.5%.
Key takeaways
- FY2023 profits attributable to owners of parent reached a record ¥1,490.7 billion, up ¥374.2 billion year-on-year, with ROE of 8.5% (8.1% excluding the Morgan Stanley closing date change effect).
- New MTBP (FY2024-2026) targets ROE of around 9% in FY2026, with NOP over ¥2.1 trillion and net profits over ¥1.6 trillion.
- FY2024 financial targets include profits attributable to owners of parent of ¥1.5 trillion and dividend per share of ¥50 (up ¥9), with a ¥100 billion share repurchase authorized.
- CET1 ratio target range set at 9.5-10.5% for the new MTBP, with current CET1 ratio at 10.1%.
- Equity holdings sales target for new MTBP is ¥350 billion, aiming to reduce market value of holdings to below 20% of consolidated net assets.
Financial highlights
- Gross profits increased by ¥229.5 billion year-on-year to ¥1,843.7 billion in net operating profit (record high).
- Net fees and commissions increased approximately ¥130 billion, driven by foreign loans, AM/IS, and Wealth Management.
- Expense ratio improved to 61%, down 3.5 percentage points year-on-year.
- Total credit costs amounted to ¥497.9 billion, reflecting increased overseas allowances; loans increased by approximately ¥8 trillion, with 70% from overseas.
Guidance
- FY2024 profit target: ¥1,500 billion, based on assumptions of ¥140/USD and 0.1% domestic policy rate.
- FY2024 dividend forecast: ¥50 per share (increase of ¥9).
- FY2024 share repurchase: up to ¥100 billion resolved.
- FY2026 targets: ROE around 9%, NOP over ¥2.1 trillion, net profits over ¥1.6 trillion, expense ratio around 60%.
Q&A themes
- Capital management and CET1 ratio fluctuations, including impact of foreign currency translation reserves and potential below 10%.
- Shareholder returns policy, including dividend payout ratio of around 40% and possibility of additional buybacks.
- Credit cost outlook by region, with increases in Americas and consumer finance in Japan/Asia.
- Assumptions for NOP growth in new MTBP, including inorganic contributions.
Risks
- Credit costs increased in Americas due to individual overseas companies; potential for further increases in consumer finance.
- Unrealized losses on foreign bonds remain at approximately ¥0.5 trillion on a real basis.
- CET1 ratio may fall below 10% due to technical factors and potential strategic investments.
FY2024 Q22023-11-12
Earnings calls
FY2023 Q42023-05-16
Earnings calls
Company news
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Company data
Company intelligence
Updated: Nov 11, 2026, 06:41 AM UTC
Company data
Company intelligence
Company profile
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Chief executive
- Junichi Hanzawa
- Employees
- 161,576
- IPO date
- Apr 2, 2001
- Country
- JP
- Exchange
- New York Stock Exchange
Rating factors
- Return on equityi
- 3
- Return on assetsi
- 2
- Debt to equityi
- 1
- Price to earningsi
- 2
- Price to booki
- 2
Company press releases
Congressional disclosures
House
Market cap history
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VWNAX | 0.67% | 19.3M |
| VSCA.S | 0.56% | 17M |
| VECA.S | 0.16% | 8.2M |
| AVDE | 0.43% | 4M |
| IDVO | 3.6% | 2.3M |
| BDYN | 0.95% | 1.4M |
| PID | 1.25% | 524.5K |
| AVIGX | 0.15% | 500K |
| V3SP.L | 0.9% | 480K |
| APIE | 0.68% | 360.1K |
| GDIV | 2.57% | 289.3K |
| DFAX | 0.04% | 221.5K |
Analyst track record
How the analysts covering MUFG have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 2 | 2 |
| Analysts | 2 | 2 |
| Buy / hold / sell | 2 / 0 / 0 | 2 / 0 / 0 |
| Upgrades / downgrades / initiations | 0 / 0 / 1 | 0 / 0 / 1 |
| Price targets hit / missed | 0 / 1 (0%) | 0 / 1 (0%) |
| Avg. return after a rating (TipRanks) | -16.7% | -16.7% |
| Best / worst call | -16.7% / -16.7% | -16.7% / -16.7% |
After buy calls on this stock: not enough measured cases yet
Latest ratings
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 6, 2026 · 2 ratings
Frequently asked questions
Where can I trade MUFG perpetual futures?
Mitsubishi UFJ Financial Group, Inc. (MUFG) perpetual futures trade on 4 crypto venues, including BingX, Bitget, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade MUFG around the clock?
Yes. Unlike the underlying stock, MUFG perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on MUFG perpetuals?
Right now the MUFG perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +5.5% across 4 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the MUFG perp price compare to the Mitsubishi UFJ Financial Group, Inc. stock?
The venue-median MUFG perp mark is $21.9 versus a reference stock price of $21.9, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a MUFG perpetual future?
A MUFG perpetual is a derivative that tracks the price of Mitsubishi UFJ Financial Group, Inc. with no expiry date. It lets you take long or short exposure to Mitsubishi UFJ Financial Group, Inc. on crypto venues, around the clock.
What is MUFGUSDT perpetual?
MUFGUSDT is the symbol most crypto exchanges use for the Mitsubishi UFJ Financial Group, Inc. perpetual settled in USDT (Tether). It tracks the MUFG share price through an index, trades 24/7 with leverage and never expires.
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