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Finances

In 2021-2022, the university had an income of 264.1 billion yen. Of this, 93.4 billion yen (35.1%) was funded by the government, primarily through the Expense Management Grant (運営費交付金). Despite being a national university, this grant from the government has been consistently reduced, dropping from 95.5 billion yen in 2005 to 79.9 billion yen in 2022. A total of 81.2 billion yen (30.5%) was self-earned, through sources such as the university hospitals (54.7 billion yen) and academic fees (16.6 billion yen). The remainder, 91.7 billion yen (34.4%), came from external funding, such as research grants and endowments. Although research grants are primarily earned by research groups and not by the university, the university can typically claim up to 30% of them for university operations, which is included in this number.

The total assets of the university are valued at 1.47 trillion yen as of 31 March 2024. Land holdings make up the largest percentage of this figure, valued at 878 billion yen. UTokyo's endowment fund is relatively small, at 44 billion yen as of March 2023. This is because national universities in Japan, including UTokyo, were not allowed to invest in high-risk assets until 2018, so endowments were spent rather than invested until that point. The UTokyo Foundation is the primary fundraising arm of the university, and it accepts both endowments for the university as a whole and purpose-specific donations.

UTokyo's tuition fees have been fixed at 535,000 yen annually for undergraduates and master's students since 2005, regardless of their status (whether domestic or international). This makes up approximately 5% of the university's income. However, the decline in government funding and the university's international standing have brought about discussions on whether to raise these fees.