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 July 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: July 18, 2017

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Zenta Morokawa

Name:   Zenta Morokawa
Title:  

Chief Manager, Documentation & Corporate Secretary Department,

Corporate Administration Division


Consolidated Summary Report

<under US GAAP>

For the Fiscal Year Ended March 31, 2017

 

Date:    July 18, 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 fiscal year ended March 31, 2017

(1) Operating results

 

(in millions of yen, except per share data)
    

  For the fiscal years ended March 31,  

    

2017

  

2016

Total revenue

           4,187,473            5,413,428

Income before income tax expense

   272,543    1,162,670

Net income attributable to Mitsubishi UFJ Financial Group

   202,680    802,332

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

   14.93    57.78

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

   14.68    57.51

Notes:

1. Comprehensive income attributable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2017 and 2016 were ¥178,971 million and ¥41,921 million, respectively.

2. Average number of shares outstanding

 

     (in thousands of shares)
    

  For the fiscal years ended March 31,  

    

         2017         

  

         2016         

Common stock

       13,574,314        13,885,842

(2) Financial condition

 

     (in millions of yen)
    

                  As of March 31,                  

    

          2017         

  

          2016         

Total assets

     297,185,019      292,557,355
  

 

  

 

Total Mitsubishi UFJ Financial Group shareholders’ equity

   13,985,532    14,270,625
  

 

  

 

(3) Cash flows

 

     (in millions of yen)
    

  For the fiscal years ended March 31,  

    

          2017         

  

          2016         

Net cash provided by operating activities

           685,194        4,181,040

Net cash provided by (used in) investing activities

   7,248,335    (12,994,976)

Net cash provided by financing activities

   9,145,300    14,168,679

Cash and cash equivalents at end of period

   25,682,741    8,656,322

 

- 1 -


This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.’s consolidated financial information under U.S. GAAP included in the company’s annual report on Form 20-F (the “Form 20-F”) that has been filed with 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 Form 20-F includes material disclosure about the company, including its business and other detailed U.S. GAAP financial information. You should read the entire Form 20-F 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 is 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, natural disasters, cyber-attacks and other external events, and difficulties in hiring and retaining qualified employees. 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 and other current disclosures that the company has publicly released.

 

- 2 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Balance Sheets

 

     As of March 31,  

(in millions of yen)

   2017     2016  

Assets:

    

Cash and due from banks

     25,682,741       8,656,322  

Interest-earning deposits in other banks

     38,327,029       41,017,579  

Call loans and funds sold

     704,237       699,025  

Receivables under resale agreements

     8,188,146       7,446,665  

Receivables under securities borrowing transactions

     11,002,724       6,041,984  

Trading account assets

     41,320,049       50,825,399  

Investment securities:

    

Available-for-sale securities—carried at fair value

     39,090,099       41,226,231  

Held-to-maturity securities—carried at amortized cost

     3,587,321       3,866,668  

Other investment securities

     556,161       554,715  
  

 

 

   

 

 

 

Total investment securities

     43,233,581       45,647,614  
  

 

 

   

 

 

 

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

     118,214,972       122,790,958  

Allowance for credit losses

     (1,182,188     (1,111,130
  

 

 

   

 

 

 

Net loans

     117,032,784       121,679,828  
  

 

 

   

 

 

 

Premises and equipment—net

     994,271       1,005,905  

Accrued interest

     281,752       325,373  

Customers’ acceptance liability

     156,208       132,532  

Intangible assets—net

     1,020,359       1,015,150  

Goodwill

     450,143       454,375  

Deferred tax assets

     76,452       155,010  

Other assets

     8,714,543       7,454,594  
  

 

 

   

 

 

 

Total assets

     297,185,019       292,557,355  
  

 

 

   

 

 

 

Liabilities:

    

Deposits:

    

Domestic offices:

    

Non-interest-bearing

     23,098,886       20,045,780  

Interest-bearing

     121,741,545       115,432,472  

Overseas offices:

    

Non-interest-bearing

     6,387,219       5,919,018  

Interest-bearing

     39,173,973       40,040,817  
  

 

 

   

 

 

 

Total deposits

     190,401,623       181,438,087  
  

 

 

   

 

 

 

Call money and funds purchased

     1,974,977       1,388,589  

Payables under repurchase agreements

     16,081,499       22,114,424  

Payables under securities lending transactions

     5,549,004       4,710,407  

Due to trust account

     3,335,155       6,338,154  

Other short-term borrowings

     7,969,521       9,357,728  

Trading account liabilities

     18,790,133       21,025,012  

Obligations to return securities received as collateral

     3,516,232       1,919,066  

Bank acceptances outstanding

     156,208       132,532  

Accrued interest

     147,351       132,802  

Long-term debt

     27,743,443       21,959,136  

Other liabilities

     6,755,165       7,193,151  
  

 

 

   

 

 

 

Total liabilities

     282,420,311       277,709,088  
  

 

 

   

 

 

 

Equity:

    

Mitsubishi UFJ Financial Group shareholders’ equity:

    

Capital stock

     2,090,270       2,090,270  

Capital surplus

     5,956,644       5,958,929  

Retained earnings:

    

Appropriated for legal reserve

     239,571       239,571  

Unappropriated retained earnings

     3,931,612       3,980,257  

 

Accumulated other comprehensive income, net of taxes

     2,281,423       2,301,259  

Treasury stock, at cost

     (513,988     (299,661
  

 

 

   

 

 

 

Total Mitsubishi UFJ Financial Group shareholders’ equity

     13,985,532       14,270,625  

Noncontrolling interests

     779,176       577,642  
  

 

 

   

 

 

 

Total equity

     14,764,708       14,848,267  
  

 

 

   

 

 

 

Total liabilities and equity

     297,185,019       292,557,355  
  

 

 

   

 

 

 

 

- 3 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Income

 

                                             
     For the fiscal years ended March 31,  

(in millions of yen)

   2017     2016  

Interest income:

    

Loans, including fees

     2,023,649       2,054,338  

Deposits in other banks

     78,735       82,654  

Investment securities:

    

Interest

     235,638       254,214  

Dividends

     135,506       133,828  

Trading account assets

     455,860       422,080  

Call loans and funds sold

     11,023       10,450  

Receivables under resale agreements and securities borrowing transactions

     50,356       48,174  
  

 

 

   

 

 

 

Total

         2,990,767           3,005,738  
  

 

 

   

 

 

 

Interest expense:

    

Deposits

     347,430       350,335  

Call money and funds purchased

     1,791       8,802  

Payables under repurchase agreements and securities lending transactions

     80,598       45,201  

Due to trust account

     207       505  

Other short-term borrowings and trading account liabilities

     61,137       54,572  

Long-term debt

     278,476       284,949  
  

 

 

   

 

 

 

Total

     769,639       744,364  
  

 

 

   

 

 

 

Net interest income

     2,221,128       2,261,374  

Provision for credit losses

     253,688       231,862  
  

 

 

   

 

 

 

Net interest income after provision for credit losses

     1,967,440       2,029,512  
  

 

 

   

 

 

 

Non-interest income:

    

Fees and commissions income

     1,414,893       1,475,872  

Foreign exchange gains (losses)—net

     (134,885     192,086  

Trading account profits (losses)—net

     (639,184     276,654  

Investment securities gains—net

     281,158       232,259  

Equity in earnings of equity method investees—net

     197,821       176,857  

Gains on sales of loans

     13,286       12,293  

Other non-interest income

     63,617       41,669  
  

 

 

   

 

 

 

Total

     1,196,706       2,407,690  
  

 

 

   

 

 

 

Non-interest expense:

    

Salaries and employee benefits

     1,096,797       1,158,896  

Occupancy expenses—net

     176,819       182,782  

Fees and commission expenses

     273,675       285,387  

Outsourcing expenses, including data processing

     258,345       244,734  

Depreciation of premises and equipment

     99,774       99,680  

Amortization of intangible assets

     227,942       237,342  

Impairment of intangible assets

     5,803       117,726  

Insurance premiums, including deposit insurance

     91,881       91,854  

Communications

     55,274       58,314  

Taxes and public charges

     94,047       93,734  

Impairment of goodwill

     6,638       333,719  

Provision (credit) for off-balance sheet credit instruments

     106,556       (185

Other non-interest expenses

     398,052       370,549  
  

 

 

   

 

 

 

Total

     2,891,603       3,274,532  
  

 

 

   

 

 

 

Income before income tax expense

     272,543       1,162,670  

Income tax expense

     94,453       369,432  
  

 

 

   

 

 

 

Net income before attribution of noncontrolling interests

     178,090       793,238  

Net loss attributable to noncontrolling interests

     (24,590     (9,094
  

 

 

   

 

 

 

Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group

     202,680       802,332  
  

 

 

   

 

 

 

 

(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

     14.93       57.78  

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

     14.68       57.51  

 

- 4 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income

 

                                             
     For the fiscal years ended March 31,  

(in millions of yen)

   2017     2016  

Net income before attribution of noncontrolling interests

     178,090       793,238  

Other comprehensive income (loss), net of tax:

    

Net unrealized gains (losses) on investment securities

     12,961       (249,781

Net debt valuation adjustments

     (8,552     3,505  

Net unrealized gains (losses) on derivatives qualifying for cash flow hedges

     (13,245     1,808  

Defined benefit plans

     103,572       (131,493

Foreign currency translation adjustments

     (143,210     (356,677
  

 

 

   

 

 

 

Total

     (48,474     (732,638
  

 

 

   

 

 

 

Comprehensive income

     129,616       60,600  
  

 

 

   

 

 

 

Net loss attributable to noncontrolling interests

     (24,590     (9,094

Other comprehensive income (loss) attributable to noncontrolling interests

     (24,765     27,773  
  

 

 

   

 

 

 

Comprehensive income attributable to Mitsubishi UFJ Financial Group

     178,971       41,921  
  

 

 

   

 

 

 
Loans     
     As of March 31,  

(in millions of yen)

   2017     2016  

Impaired loans

     1,715,850       1,725,150  

Other than impaired loans

     116,499,122       121,065,808  
  

 

 

   

 

 

 

Total

     118,214,972       122,790,958  
  

 

 

   

 

 

 
Allowance for credit losses     
     As of March 31,  

(in millions of yen)

   2017     2016  

Related to impaired loans

     882,208       734,932  

Related to other than impaired loans

     299,980       376,198  
  

 

 

   

 

 

 

Total

     1,182,188       1,111,130  
  

 

 

   

 

 

 

 

- 5 -

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