diff --git a/java/memory/memory-core/src/main/java/org/apache/arrow/memory/BufferLedger.java b/java/memory/memory-core/src/main/java/org/apache/arrow/memory/BufferLedger.java
index 472897a64058e..346c4b30bc9f7 100644
--- a/java/memory/memory-core/src/main/java/org/apache/arrow/memory/BufferLedger.java
+++ b/java/memory/memory-core/src/main/java/org/apache/arrow/memory/BufferLedger.java
@@ -369,8 +369,12 @@ boolean transferBalance(final ReferenceManager targetReferenceManager) {
             targetReferenceManager.getAllocator().getName());
       }
 
-      boolean overlimit = targetAllocator.forceAllocate(memoryChunkManager.getSize());
-      allocator.releaseBytes(memoryChunkManager.getSize());
+      long size = memoryChunkManager.getSize();
+      targetAllocator.getListener().onPreAllocation(size);
+      boolean overlimit = targetAllocator.forceAllocate(size);
+      targetAllocator.getListener().onAllocation(size);
+      allocator.releaseBytes(size);
+      allocator.getListener().onRelease(size);
       // since the transfer can only happen from the owning reference manager,
       // we need to set the target ref manager as the new owning ref manager
       // for the chunk of memory in MemoryChunkManager