The information in this preliminary prospectus supplement is incomplete and may be changed. This preliminary prospectus supplement and the accompanyingprospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. Mitsubishi UFJ Financial Group, Inc. $% Senior Callable Fixed-to-Fixed Reset Rate Notes due April, 2030$Senior Callable Floating Rate Notes due April, 2032$% Senior Callable Fixed-to-Fixed Reset Rate Notes due April, 2032$% Senior Callable Fixed-to-Fixed Reset Rate Notes due April, 2037$% Senior Callable Fixed-to-Fixed Reset Rate Notes due April, 2047 Mitsubishi UFJ Financial Group, Inc., or MUFG, expects to issue the above-listed senior notes, or, collectively, the Notes, pursuant to a senior indenture, dated March1, 2016, or theIndenture. The senior callable floating rate notes due April, 2032, or the floating rate notes, will bear interest from (and including) April, 2026 to (but excluding) April, 2032 at a floating rate,payable quarterly in arrears on January, April, Julyand Octoberof each year, with the first interest payment to be made on July, 2026, each subject to adjustments. Theinterest rate on the floating rate notes for each interest period will be a per annum rate equal to Compounded Daily SOFR (as defined below), plus%, to be determined as describedunder “Description of the Notes—Floating Rate Notes.”The senior callable fixed-to-fixed reset rate notes due April, 2030, or the 4-year notes, the senior callable fixed-to-fixed reset rate notes due April, 2032, or the 6-year notes, the senior callable fixed-to-fixed reset rate notes due April, 2037, or the 11-year notes, and the senior callable fixed-to-fixed reset rate notes due April, 2047, or the 21-year notes will bear interestfrom (and including) April, 2026 to (but excluding) the applicable Reset Date, which is Aprilof the year immediately preceding the applicable maturity date, at the fixed per annumrate listed above, payable semi-annually in arrears on Apriland Octoberof each year, with the first interest payment to be made on October, 2026. Each series of the fixed-to-fixed reset rate notes will bear interest from (and including) the applicable Reset Date to (but excluding) the applicable maturity date at a fixed per annum rateequal to the applicable U.S. Treasury Rate (as defined below) as determined by the calculation agent on the applicable Reset Determination Date (as defined below), plus% on the4-year notes,% on the 6-year notes,% on the 11-year notes and% on the 21-year notes, respectively, payable semi-annually in arrears on Octoberand Aprilimmediately following the applicable Reset Date.We may at our option and in our sole discretion redeem a series of Notes in whole, but not in part, on the date that is one year prior to the maturity date of such series of Notes at 100% of their principal amount plus any accrued and unpaid interest to (but excluding) the date of redemption, subject to certain conditions. See “Description of the Notes—Optional Redemption” inthis prospectus supplement. In addition, we may at our option redeem a series of Notes in whole, but not in part, at 100% of their principal amount plus any accrued and unpaid interest to(but excluding) the date of redemption upon the occurrence of certain tax events, subject to certain conditions. See “Description of Senior Debt Securities—Optional Redemption andRepurchases—Optional Tax Redemption” in the accompanying prospectus.The Notes are intended to qualify as external total loss-absorbing capacity, or External TLAC, debt under the Japanese TLAC Standard (as defined in the accompanying prospectus). The Notes will be our senior unsecured obligations but will be structurally subordinated to the liabilities of MUFG’s subsidiaries. See “Risk Factors—Risks Related to the Debt Securities” and“Description of Senior Debt Securities” in the accompanying prospectus.We have made an application to the Luxembourg Stock Exchange to list the Notes on the official list of the Luxembourg Stock Exchange and for the Notes to be admitted to trading on the Luxembourg Stock Exchange’s Euro MTF Market. The Luxembourg Stock Exchange’s Euro MTF Market is not a regulated market for the purposes of Directive 2014/65/EU. This prospectussupplement with the accompanying prospectus constitutes the listing prospectus for purposes of Part IV of the Luxembourg law on prospectuses for securities dated July16, 2019. Thisprospectus supplement and the accompanying prospectus do not constitute a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) or the ProspectusRegulation as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “UKProspectus Regulation”).MUFG Securities Americas Inc. and other broker-dealers may use this prospectus supplement and the accompanying prospectus in connection with market-making transacti