UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of January 2017

Commission File No. 000-54189

 

 

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

 

 

7-1, Marunouchi 2-chome, Chiyoda-ku

Tokyo 100-8330, Japan

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or

will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F       X          Form 40-F               

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(7):

 

 

 


THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-209455) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: January 30, 2017

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Yasuo Matsumoto

Name:   Yasuo Matsumoto
Title:  

Chief Manager, Documentation & Corporate Secretary Department,

Corporate Administration Division


Interim Consolidated Summary Report

<under US GAAP>

For the Fiscal Year Ending March 31, 2017

 

Date:    January 30, 2017
Company name (code number):    Mitsubishi UFJ Financial Group, Inc. (8306)
   (URL http://www.mufg.jp/)
Stock exchange listings:    Tokyo, Nagoya, New York
Representative:    Nobuyuki Hirano, President & Group CEO
For inquiry:    Kazutaka Yoneda, General Manager-Financial Planning Division / Financial Accounting Office
   (Phone) +81-3-3240-3110

Consolidated financial data for the six months ended September 30, 2016

(1) Operating results

 

(in millions of yen, except per share data)
    

  For the six months ended September 30,  

    

2016

  

2015

Total revenue

           2,717,440            2,240,357

Income before income tax expense

   1,005,788    510,193

Net income attributable to Mitsubishi UFJ Financial Group

   750,883    381,307

Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)

   55.00    27.34

Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)

   54.84    27.19

Notes:

1. Comprehensive loss attributable to Mitsubishi UFJ Financial Group for the six months ended September 30, 2016 and 2015 were ¥73,556 million and ¥64,655 million, respectively.

2. Average number of shares outstanding

 

     (in thousands of shares)
    

  For the six months ended September 30,  

    

2016

  

2015

Common stock

   13,652,274    13,947,620

(2) Financial condition

 

     (in millions of yen)
    

As of September 30,

  

As of March 31,

    

2016

  

2016

Total assets

   288,912,990    292,557,355
  

 

  

 

Total Mitsubishi UFJ Financial Group shareholders' equity

   13,964,064    14,270,625
  

 

  

 

(3) Cash flows

 

     (in millions of yen)  
    

  For the six months ended September 30,  

    

2016

  

2015

Net cash provided by operating activities

   1,507,950    2,229,802

Net cash provided by (used in) investing activities

   6,908,631    (5,137,177)

Net cash provided by financing activities

   4,070,054    3,199,854

Cash and cash equivalents at end of period

   20,973,925    3,651,229

 

- 1 -


This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.’s semi-annual condensed consolidated financial information under U.S. GAAP that is included in the company’s current report on Form 6-K (the “Semi-annual U.S. GAAP Report”) to be submitted to the U.S. Securities and Exchange Commission. This excerpt report does not contain all of the information that may be important to you. In addition to the items highlighted in this report, the Semi-annual U.S. GAAP Report includes material disclosure about the company, including its business and other detailed U.S. GAAP financial information. You should read the entire Semi-annual U.S. GAAP Report carefully to obtain a comprehensive understanding of the company’s business and U.S. GAAP financial data and related issues.

The company’s financial information for reporting in Japan and for Japanese bank regulatory purposes are prepared in accordance with Japanese GAAP. U.S. GAAP differs in certain respects from Japanese GAAP and accounting principles generally accepted in other jurisdictions. This report contains forward-looking statements regarding estimates, forecasts, targets and plans in relation to the results of operations, financial condition and other general management of the company (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company's current expectations, perceptions, evaluations and opinions. In addition, in order for the company to adopt such estimates, forecasts, targets and plans regarding future events, certain assumptions have been made, which assumptions are inherently subjective and uncertain. The forward-looking statements should not be viewed as guarantees of future performance as actual results may be significantly different. For instance, the disclosures regarding provision for credit losses, valuation of financial assets and realizability of the deferred tax assets are based on assumptions and other estimates such as economic factors, the company’s business plans and performance, and other factors. There exist a number of factors that may lead to uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economies, changes in borrower conditions, fluctuations in interest rates, foreign currency exchange rates, stock prices, commodities prices and real estate prices, legal proceedings, changes in the regulatory and competitive environment, malfunctions and deficiencies in our IT systems, and natural disasters, cyber-attacks and other external events. For the key factors that should be considered, please see the financial highlight, the Annual Securities Report, the Disclosure Book, the Annual Report, the Form 20-F, the reports on Form 6-K and other current disclosures that the company has publicly released.

 

- 2 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

 

     As of September 30,     As of March 31,  

(in millions of yen)

   2016     2016  

Assets:

    

Cash and due from banks

     20,973,925        8,656,322   

Interest-earning deposits in other banks

     37,147,652        41,017,579   

Call loans, funds sold, and receivables under resale agreements

     5,254,355        8,145,690   

Receivables under securities borrowing transactions

     6,783,780        6,041,984   

Trading account assets

     53,855,592        50,825,399   

Investment securities:

    

Available-for-sale securities—carried at fair value

     38,094,384        41,226,231   

Held-to-maturity securities—carried at amortized cost

     3,452,917        3,866,668   

Other investment securities

     555,820        554,715   
  

 

 

   

 

 

 

Total investment securities

     42,103,121        45,647,614   
  

 

 

   

 

 

 

Loans, net of unearned income, unamortized premiums and deferred loan fees

     113,341,052        122,790,958   

Allowance for credit losses

     (925,478     (1,111,130
  

 

 

   

 

 

 

Net loans

     112,415,574        121,679,828   
  

 

 

   

 

 

 

Premises and equipment—net

     951,971        1,005,905   

Accrued interest

     298,519        325,373   

Customers’ acceptance liability

     115,616        132,532   

Intangible assets—net

     965,007        1,015,150   

Goodwill

     392,101        454,375   

Deferred tax assets

     123,909        155,010   

Other assets

     7,531,868        7,454,594   
  

 

 

   

 

 

 

Total assets

     288,912,990        292,557,355   
  

 

 

   

 

 

 

Liabilities:

    

Deposits:

    

Domestic offices:

    

Non-interest-bearing

     20,916,286        20,045,780   

Interest-bearing

     116,277,028        115,432,472   

Overseas offices, principally interest-bearing

     40,443,143        45,959,835   
  

 

 

   

 

 

 

Total deposits

     177,636,457        181,438,087   
  

 

 

   

 

 

 

Call money, funds purchased, and payables under repurchase agreements

     22,189,034        23,503,013   

Payables under securities lending transactions

     6,448,253        4,710,407   

Due to trust account and other short-term borrowings

     9,391,817        15,695,882   

Trading account liabilities

     25,105,049        21,025,012   

Obligations to return securities received as collateral

     1,884,317        1,919,066   

Bank acceptances outstanding

     115,616        132,532   

Accrued interest

     125,928        132,802   

Long-term debt

     24,323,698        21,959,136   

Other liabilities

     6,987,852        7,193,151   
  

 

 

   

 

 

 

Total liabilities

     274,208,021        277,709,088   
  

 

 

   

 

 

 

Equity:

    

Mitsubishi UFJ Financial Group shareholders’ equity:

    

Capital stock

     2,090,270        2,090,270   

Capital surplus

     5,957,648        5,958,929   

Retained earnings:

    

Appropriated for legal reserve

     239,571        239,571   

Unappropriated retained earnings

     4,602,171        3,980,257   

Accumulated other comprehensive income, net of taxes

     1,480,693        2,301,259   

Treasury stock, at cost

     (406,289     (299,661
  

 

 

   

 

 

 

Total Mitsubishi UFJ Financial Group shareholders’ equity

     13,964,064        14,270,625   

Noncontrolling interests

     740,905        577,642   
  

 

 

   

 

 

 

Total equity

     14,704,969        14,848,267   
  

 

 

   

 

 

 

Total liabilities and equity

     288,912,990        292,557,355   
  

 

 

   

 

 

 

 

- 3 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Income (Unaudited)

 

                                                                     
     For the six months ended September 30,  

(in millions of yen)

   2016     2015  

Interest income:

    

Loans, including fees

     997,030        1,020,156   

Deposits in other banks

     36,982        37,886   

Investment securities

     187,835        201,240   

Trading account assets

     212,587        196,241   

Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions

     31,224        28,759   
  

 

 

   

 

 

 

Total

     1,465,658        1,484,282   
  

 

 

   

 

 

 

Interest expense:

    

Deposits

     165,897        170,578   

Call money, funds purchased, and payables under repurchase agreements and securities lending transactions

     31,379        20,632   

Due to trust account, other short-term borrowings, and trading account liabilities

     27,338        25,843   

Long-term debt

     135,631        136,630   
  

 

 

   

 

 

 

Total

     360,245        353,683   
  

 

 

   

 

 

 

Net interest income

     1,105,413        1,130,599   

Credit for credit losses

     58,681        7,204   
  

 

 

   

 

 

 

Net interest income after credit for credit losses

     1,164,094        1,137,803   
  

 

 

   

 

 

 

Non-interest income:

    

Fees and commissions income

     687,853        729,900   

Foreign exchange gains (losses)—net

     (20,704     41,615   

Trading account profits (losses)—net

     284,845        (284,774

Investment securities gains—net

     127,028        119,808   

Equity in earnings of equity method investees—net

     128,468        114,252   

Other non-interest income

     44,292        35,274   
  

 

 

   

 

 

 

Total

     1,251,782        756,075   
  

 

 

   

 

 

 

Non-interest expense:

    

Salaries and employee benefits

     555,671        574,221   

Occupancy expenses—net

     90,369        87,773   

Fees and commission expenses

     133,243        139,501   

Outsourcing expenses, including data processing

     123,961        120,996   

Depreciation of premises and equipment

     47,861        46,237   

Amortization of intangible assets

     112,576        116,244   

Impairment of intangible assets

     968        213   

Insurance premiums, including deposit insurance

     45,936        45,774   

Communications

     27,843        28,955   

Taxes and public charges

     45,031        43,804   

Other non-interest expenses

     226,629        179,967   
  

 

 

   

 

 

 

Total

     1,410,088            1,383,685   
  

 

 

   

 

 

 

Income before income tax expense

           1,005,788        510,193   

Income tax expense

     252,472        97,073   
  

 

 

   

 

 

 

Net income before attribution of noncontrolling interests

     753,316        413,120   

Net income attributable to noncontrolling interests

     2,433        31,813   
  

 

 

   

 

 

 

Net income attributable to Mitsubishi UFJ Financial Group

     750,883        381,307   
  

 

 

   

 

 

 
(in yen)             

Earnings per common share applicable to common shareholders of Mitsubishi UFJ Financial Group:

    

Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group

     55.00        27.34   

Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group

     54.84        27.19   

 

- 4 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income (Unaudited)

 

     For the six months ended September 30,  

(in millions of yen)

   2016     2015  

Net income before attribution of noncontrolling interests

     753,316        413,120   

Other comprehensive income (loss), net of tax:

    

Net unrealized losses on investment securities

     (134,423     (360,855

Net debt valuation adjustments

     866        —     

Net unrealized gains on derivatives qualifying for cash flow hedges

     19,205        2,683   

Defined benefit plans

     18,370        (23,592

Foreign currency translation adjustments

     (758,994     (33,057
  

 

 

   

 

 

 

Total

     (854,976     (414,821
  

 

 

   

 

 

 

Comprehensive loss

     (101,660     (1,701
  

 

 

   

 

 

 

Net income attributable to noncontrolling interests

     2,433        31,813   

Other comprehensive income (loss) attributable to noncontrolling interests

     (30,537     31,141   
  

 

 

   

 

 

 

Comprehensive loss attributable to Mitsubishi UFJ Financial Group

     (73,556     (64,655
  

 

 

   

 

 

 
Loans (Unaudited)     
     As of September 30,     As of March 31,  

(in millions of yen)

   2016     2016  

Impaired loans

     1,580,645        1,725,150   

Other than impaired loans

     111,760,407        121,065,808   
  

 

 

   

 

 

 

Total

     113,341,052        122,790,958   
  

 

 

   

 

 

 
Allowance for credit losses (Unaudited)     
     As of September 30,     As of March 31,  

(in millions of yen)

   2016     2016  

Related to impaired loans

     609,286        734,932   

Related to other than impaired loans

     316,192        376,198   
  

 

 

   

 

 

 

Total

     925,478        1,111,130   
  

 

 

   

 

 

 

 

- 5 -

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