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 August 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: August 1, 2017

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Zenta Morokawa

Name:   Zenta Morokawa
Title:  

Chief Manager, Documentation &

Corporate Secretary Department,

Corporate Administration Division


LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2017

August 1, 2017

 

Company name:

   Mitsubishi UFJ Financial Group, Inc.

Stock exchange listings:

   Tokyo, Nagoya, New York

Code number:

   8306

URL

   http://www.mufg.jp/

Representative:

   Nobuyuki Hirano, President & Group CEO

For inquiry:

  

Kazutaka Yoneda, General Manager -
Financial Planning Division / Financial Accounting Office

   TEL (03) 3240-3110

Quarterly securities report issuing date:

   August 14, 2017

Dividend payment date:

   -

Trading accounts:

   Established

Supplemental information for quarterly financial statements:

   Available

Quarterly investor meeting presentation:

   None

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Data for the Three Months ended June 30, 2017

 

(1) Results of Operations

 

     (% represents the change from the same period in the previous fiscal year)  
     Ordinary Income     Ordinary Profits     Profits Attributable to
Owners of Parent
 
     million yen          %         million yen         %         million yen         %      

Three months ended

             

June 30, 2017

     1,507,440        8.5       397,476       16.6       289,025       53.0  

June 30, 2016

     1,389,349        (10.9     340,812       (29.7     188,924       (32.0

 

(*) Comprehensive income
                        June  30, 2017: 295,194 million yen,         -    % ;                     June 30, 2016: (7,056) million yen,        -    %

 

    Basic earnings
per share
    Diluted earnings
per share
 
    yen     yen  

Three months ended

   

June 30, 2017

    21.59       21.50  

June 30, 2016

    13.77       13.72  

 

(2) Financial Conditions

 

     Total Assets      Total Net Assets      Equity-to-asset
ratio (*)
 
     million yen      million yen      %  

As of

        

June 30, 2017

     304,221,637        16,721,775        5.0  

March 31, 2017

     303,297,433        16,658,394        5.0  

(Reference) Shareholders’ equity as of     June 30, 2017: 15,327,485 million yen;     March 31, 2017: 15,280,268 million yen

 

(*) “Equity-to-asset ratio” is computed under the formula shown below
    (Total net assets - Subscription rights to shares - Non-controlling interests) / Total assets

2. Dividends on Common Stock

 

    Dividends per Share  
    1st
quarter-end
    2nd
quarter-end
    3rd
quarter-end
    Fiscal
year-end
    Total  
    yen     yen     yen     yen     yen  

Fiscal year

         

ended March 31, 2017

    —         9.00       —         9.00       18.00  

ending March 31, 2018

    —            

ending March 31, 2018 (Forecast)

      9.00       —         9.00       18.00  

 

(*) Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : None

3. Earnings Target for the Fiscal Year ending March 31, 2018 (Consolidated)

MUFG has the target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2018.

(There is no change to our earnings target released on May 15, 2017.)

MUFG is engaged in financial service businesses such as banking business, trust banking business, securities business and credit card/loan businesses. Because there are various uncertainties caused by economic situation, market environments and other factors in these businesses, MUFG discloses a target of its profits attributable to owners of parent instead of a forecast of its performance.


ø Notes

 

(1) Changes in significant subsidiaries during the period: No

 

(2) Adoption of any particular accounting methods for quarterly consolidated financial statements: No

 

(3) Changes in accounting policies, changes in accounting estimates and restatements

 

  (A) Changes in accounting policies due to revision of accounting standards: No

 

  (B) Changes in accounting policies due to reasons other than (A): No

 

  (C) Changes in accounting estimates: No

 

  (D) Restatements: No

 

(4) Number of common stocks outstanding at the end of the period

 

(A) Total stocks outstanding including treasury stocks:

   June 30, 2017      14,168,853,820 shares  
   March 31, 2017      14,168,853,820 shares  

(B) Treasury stocks:

   June 30, 2017      881,253,091 shares  
   March 31, 2017      738,910,028 shares  

(C) Average outstanding stocks:

   Three months ended June 30, 2017      13,389,288,019 shares  
   Three months ended June 30, 2016      13,721,696,681 shares  

ø This “Consolidated Summary Report”(Quarterly“Tanshin”) is outside the scope of the external auditor’s quarterly review procedure.

ø Notes for using forecasted information etc.

 

1. This financial summary report contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the company and/or the group as a whole (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company’s current estimations, perceptions and evaluations. In addition, in order for the company to adopt such estimations, forecasts, targets and plans regarding future events, certain assumptions have been made. Accordingly, due to various risks and uncertainties, the statements and assumptions are inherently not guarantees of future performance, may be considered differently from alternative perspectives and may result in material differences from the actual result. For the main factors that may affect the current forecasts, please see Consolidated Summary Report, Annual Securities Report, Disclosure Book, Annual Report, and other current disclosures that the company has announced.

 

2. The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (“Japanese GAAP”). Differences exist between Japanese GAAP and the accounting principles generally accepted in the United States (“U.S. GAAP”) in certain material respects. Such differences have resulted in the past, and are expected to continue to result for this period and future periods, in amounts for certain financial statement line items under U.S. GAAP to differ significantly from the amounts under Japanese GAAP. For example, differences in consolidation basis or accounting for business combinations, including but not limited to amortization and impairment of goodwill, could result in significant differences in our reported financial results between Japanese GAAP and U.S. GAAP. Readers should consult their own professional advisors for an understanding of the differences between Japanese GAAP and U.S. GAAP and how those differences might affect our reported financial results. To date, we have published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report.


Mitsubishi UFJ Financial Group, Inc.

 

(Appendix)

Contents of Appendix

 

1.    Consolidated Financial Statements and Notes

     2  

(1) Consolidated Balance Sheets

     2  

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

     4  

(3) Notes on Going-Concern Assumption

     6  

(4) Notes for Material Changes in Shareholders’ Equity

     6  

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Three Months Ended June 30, 2017”

 

1


Mitsubishi UFJ Financial Group, Inc.

 

1. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

 

(in millions of yen)    As of
    March 31, 2017    
    As of
    June 30, 2017    
 

Assets:

    

Cash and due from banks

     63,525,940       68,756,000  

Call loans and bills bought

     649,147       507,693  

Receivables under resale agreements

     8,066,973       6,095,718  

Receivables under securities borrowing transactions

     11,002,723       9,745,991  

Monetary claims bought

     4,707,868       4,339,877  

Trading assets

     21,046,367       19,710,421  

Money held in trust

     806,881       865,655  

Securities

     59,438,897       59,301,766  

Loans and bills discounted

     109,005,231       108,477,362  

Foreign exchanges

     2,083,530       2,128,195  

Other assets

     11,554,699       12,674,397  

Tangible fixed assets

     1,358,905       1,353,276  

Intangible fixed assets

     1,257,876       1,238,460  

Net defined benefit assets

     601,377       661,529  

Deferred tax assets

     126,231       144,251  

Customers’ liabilities for acceptances and guarantees

     9,022,130       9,137,189  

Allowance for credit losses

     (957,350     (916,151
  

 

 

   

 

 

 

Total assets

     303,297,433       304,221,637  
  

 

 

   

 

 

 

Liabilities:

    

Deposits

     170,730,221       171,505,900  

Negotiable certificates of deposit

     11,341,571       11,418,795  

Call money and bills sold

     1,973,569       2,315,452  

Payables under repurchase agreements

     17,636,962       18,371,137  

Payables under securities lending transactions

     5,538,739       5,711,114  

Commercial papers

     2,307,222       2,286,000  

Trading liabilities

     17,700,617       15,196,214  

Borrowed money

     16,971,085       17,150,148  

Foreign exchanges

     1,970,980       2,106,449  

Short-term bonds payable

     847,999       1,351,597  

Bonds payable

     9,893,687       9,872,713  

Due to trust accounts

     9,893,881       8,944,358  

Other liabilities

     9,382,992       10,703,502  

Reserve for bonuses

     81,012       27,594  

Reserve for bonuses to directors

     598       100  

Reserve for stocks payment

     10,400       11,121  

Net defined benefit liabilities

     59,045       59,095  

Reserve for retirement benefits to directors

     1,128       873  

Reserve for loyalty award credits

     16,689       17,592  

Reserve for contingent losses

     384,868       391,187  

Reserves under special laws

     4,075       4,016  

Deferred tax liabilities

     745,073       793,318  

Deferred tax liabilities for land revaluation

     124,483       124,387  

Acceptances and guarantees

     9,022,130       9,137,189  
  

 

 

   

 

 

 

Total liabilities

           286,639,039             287,499,861  
  

 

 

   

 

 

 

 

2


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)     
As of
    March 31, 2017    
 
 
   
As of
    June 30, 2017    
 
 

Net assets:

    

Capital stock

     2,141,513       2,141,513  

Capital surplus

     1,412,087       1,412,112  

Retained earnings

     9,278,546       9,446,625  

Treasury stock

     (513,260     (614,109
  

 

 

   

 

 

 

Total shareholders’ equity

     12,318,885       12,386,142  
  

 

 

   

 

 

 

Net unrealized gains (losses) on available-for-sale securities

     2,184,597       2,336,824  

Net deferred gains (losses) on hedging instruments

     125,684       89,181  

Land revaluation excess

     173,723       173,507  

Foreign currency translation adjustments

     558,339       407,973  

Remeasurements of defined benefit plans

     (65,098     (51,131

Debt value adjustments of foreign subsidiaries and affiliates

     (15,863     (15,012
  

 

 

   

 

 

 

Total accumulated other comprehensive income

     2,961,382       2,941,343  
  

 

 

   

 

 

 

Subscription rights to shares

     407       402  

Non-controlling interests

     1,377,719       1,393,888  
  

 

 

   

 

 

 

Total net assets

     16,658,394       16,721,775  
  

 

 

   

 

 

 

Total liabilities and net assets

           303,297,433             304,221,637  
  

 

 

   

 

 

 

 

3


Mitsubishi UFJ Financial Group, Inc.

 

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

 

(in millions of yen)    For the three months
ended

    June 30, 2016    
    For the three months
ended

    June 30, 2017    
 

Ordinary income

         1,389,349           1,507,440  

Interest income

     696,237       729,642  

Interest on loans and bills discounted

     447,669       490,814  

Interest and dividends on securities

     162,377       133,483  

Trust fees

     32,059       28,131  

Fees and commissions

     348,788       352,881  

Trading income

     64,783       65,792  

Other operating income

     137,901       181,490  

Other ordinary income

     109,578       149,501  

Ordinary expenses

     1,048,537       1,109,963  

Interest expenses

     194,149       267,099  

Interest on deposits

     68,024       91,794  

Fees and commissions

     52,876       53,358  

Trading expenses

     1,066       293  

Other operating expenses

     34,040       32,847  

General and administrative expenses

     658,003       672,808  

Other ordinary expenses

     108,401       83,557  
  

 

 

   

 

 

 

Ordinary profits

     340,812       397,476  
  

 

 

   

 

 

 

Extraordinary gains

     5,513       1,344  

Gains on disposition of fixed assets

     5,319       1,285  

Reversal of reserve for contingent liabilities from financial instruments transactions

     194       59  

Extraordinary losses

     60,492       22,335  

Losses on disposition of fixed assets

     2,459       2,386  

Losses on impairment of fixed assets

     2,480       379  

Losses on change in equity

     45,654       19,569  

Losses on liquidation of equity securities of subsidiaries

     5,359       —    

Losses on exchange of shares of affiliates

     4,538       —    
  

 

 

   

 

 

 

Profits before income taxes

     285,832       376,485  
  

 

 

   

 

 

 

Income taxes-current

     74,956       78,658  

Income taxes-deferred

     (14,170     (16,268
  

 

 

   

 

 

 

Total taxes

     60,785       62,390  
  

 

 

   

 

 

 

Profits

     225,046       314,095  
  

 

 

   

 

 

 

Profits attributable to non-controlling interests

     36,122       25,070  
  

 

 

   

 

 

 

Profits attributable to owners of parent

     188,924       289,025  
  

 

 

   

 

 

 

 

4


Mitsubishi UFJ Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

(in millions of yen)    For the three months
ended

    June 30, 2016    
    For the three months
ended

    June 30, 2017    
 

Profits

     225,046       314,095  

Other comprehensive income

    

Net unrealized gains (losses) on available-for-sale securities

     (22,539     146,720  

Net deferred gains (losses) on hedging instruments

     111,459       (37,513

Land revaluation excess

     (15     (0

Foreign currency translation adjustments

     (258,356     (85,580

Remeasurements of defined benefit plans

     14,679       13,080  

Share of other comprehensive income of associates accounted for using equity method

     (77,330     (55,606
  

 

 

   

 

 

 

Total other comprehensive income

     (232,103     (18,900
  

 

 

   

 

 

 

Comprehensive income

     (7,056     295,194  
  

 

 

   

 

 

 

(Comprehensive income attributable to)

    

Comprehensive income attributable to owners of parent

     (33,518            269,201  

Comprehensive income attributable to non-controlling interests

     26,462       25,993  

 

5


Mitsubishi UFJ Financial Group, Inc.

 

(3) Notes on Going-Concern Assumption

None.

(4) Notes for Material Changes in Shareholders’ Equity

None.

 

6


 

 

 

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

Mitsubishi UFJ Financial Group, Inc.

    LOGO           


Mitsubishi UFJ Financial Group, Inc.

[Contents]       

 

1. Financial Results

 

[ MUFG Consolidated ]*1[ BTMU and MUTB Combined ]*2*3*4

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

    1  

2. Non Performing Loans Based on the Financial Reconstruction Law

 

[ BTMU and MUTB Combined including Trust Account ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

[ MUTB Non-consolidated : Trust Account ]

    5  

3. Securities

 

[ MUFG Consolidated ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

    6  

4. ROE

  [ MUFG Consolidated ]     9  

5. Average Interest Rate Spread

 

[ BTMU and MUTB Combined ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

    10  

6. Loans and Deposits

 

[ BTMU and MUTB Combined ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

    11  

7. Statements of Trust Assets and Liabilities

  [ MUTB Non-consolidated ]     12  

 

(*1) “MUFG” means Mitsubishi UFJ Financial Group, Inc.
(*2) “BTMU” means The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(*3) “MUTB” means Mitsubishi UFJ Trust and Banking Corporation.
(*4) “BTMU and MUTB Combined” means simple sum of “BTMU” and “MUTB” without consolidation processes.


Mitsubishi UFJ Financial Group, Inc.

 

1. Financial Results

MUFG Consolidated

 

                                                  
     (in millions of yen)  
     For the three months ended     Increase
(Decrease)
(A) - (B)
 
     June 30, 2017
(A)
    June 30, 2016
(B)
   

Gross profits

     1,004,347       997,650       6,697  

Gross profits before credit costs for trust accounts

     1,004,347       997,650       6,697  

Net interest income

     462,550       502,099       (39,548

Trust fees

     28,131       32,059       (3,928

Credit costs for trust accounts (1)

     —         —         —    

Net fees and commissions

     299,523       295,912       3,610  

Net trading profits

     65,498       63,717       1,781  

Net other operating profits

     148,643       103,861       44,782  

Net gains (losses) on debt securities

     91,215       72,489       18,726  

General and administrative expenses

     655,262       643,390       11,872  

Amortization of goodwill

     4,244       4,037       206  

Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill

     353,329       358,298       (4,968

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

     349,085       354,260       (5,174

Provision for general allowance for credit losses (2)

     —         (11,452     11,452  

Net operating profits*

     349,085       342,807       6,277  

Net non-recurring gains (losses)

     48,391       (1,995     50,386  

Credit costs (3)

     (59,378     (56,938     (2,439

Losses on loan write-offs

     (33,597     (27,636     (5,960

Provision for specific allowance for credit losses

     —         (22,993     22,993  

Other credit costs

     (25,781     (6,308     (19,472

Reversal of allowance for credit losses (4)

     18,792       —         18,792  

Reversal of reserve for contingent losses included in credit costs (5)

     —         —         —    

Gains on loans written-off (6)

     20,500       12,865       7,635  

Net gains (losses) on equity securities

     24,266       1,710       22,556  

Gains on sales of equity securities

     31,120       25,478       5,641  

Losses on sales of equity securities

     (3,463     (7,334     3,870  

Losses on write-down of equity securities

     (3,389     (16,433     13,043  

Profits (losses) from investments in affiliates

     68,021       61,116       6,905  

Other non-recurring gains (losses)

     (23,811     (20,748     (3,063
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     397,476       340,812       56,664  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (20,991     (54,979     33,988  

Net losses on change in equity

     (19,569     (45,654     26,084  

Profits before income taxes

     376,485       285,832       90,653  

Income taxes-current

     78,658       74,956       3,702  

Income taxes-deferred

     (16,268     (14,170     (2,098

Total taxes

     62,390       60,785       1,604  

Profits

     314,095       225,046       89,048  

Profits attributable to non-controlling interests

     25,070       36,122       (11,052
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     289,025       188,924       100,101  
  

 

 

   

 

 

   

 

 

 
                                                  

Note:

        

* Net operating profits = Banking subsidiaries’ net operating profits + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions

 

                                                  

(Reference)

        

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

     (20,085)              (55,525)            35,440    

 

1


Mitsubishi UFJ Financial Group, Inc.

 

BTMU and MUTB Combined

 

                                                  
     (in millions of yen)  
     For the three months ended     Increase
(Decrease)
(A) - (B)
 
     June 30, 2017
(A)
    June 30, 2016
(B)
   

Gross profits

        576,188       588,650       (12,461

Gross profits before credit costs for trust accounts

     576,188       588,650       (12,461

Net interest income

     281,212       323,641       (42,429

Trust fees

     21,753       25,245       (3,491

Credit costs for trust accounts (1)

     —         —         —    

Net fees and commissions

     117,208       120,856       (3,647

Net trading profits

     21,456       60,873       (39,416

Net other operating profits

     134,556       58,033       76,523  

Net gains (losses) on debt securities

     93,290       69,428       23,862  

General and administrative expenses

     333,523       330,629       2,893  

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

     242,665       258,020       (15,355

Provision for general allowance for credit losses (2)

     —         10,724       (10,724

Net operating profits

     242,665       268,745       (26,080

Net non-recurring gains (losses)

     15,229       (52,654     67,883  

Credit costs (3)

     (36,838     (30,324     (6,514

Losses on loan write-offs

     (11,137     (7,511     (3,626

Provision for specific allowance for credit losses

     —         (16,351     16,351  

Other credit costs

     (25,701     (6,461     (19,239

Reversal of allowance for credit losses (4)

     42,854       632       42,221  

Reversal of reserve for contingent losses included in credit costs (5)

     —         —         —    

Gains on loans written-off (6)

     7,396       2,874       4,522  

Net gains (losses) on equity securities

     22,065       (3,583     25,649  

Gains on sales of equity securities

     29,102       21,040       8,062  

Losses on sales of equity securities

     (3,702     (7,721     4,018  

Losses on write-down of equity securities

     (3,334     (16,902     13,567  

Other non-recurring gains (losses)

     (20,248     (22,253     2,005  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     257,894       216,091       41,803  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (1,299     (6,060     4,761  

Income before income taxes

     256,595       210,030       46,565  

Income taxes-current

     60,033       55,538       4,495  

Income taxes-deferred

     440       (4,146     4,587  

Total taxes

     60,474       51,392       9,082  
  

 

 

   

 

 

   

 

 

 

Net income

     196,120       158,638       37,482  
  

 

 

   

 

 

   

 

 

 

(Reference)

      

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

     13,412       (16,092     29,504  

 

2


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

 

                                                  
     (in millions of yen)  
     For the three months ended     Increase  
     June 30, 2017
(A)
    June 30, 2016
(B)
    (Decrease)
(A) - (B)
 

Gross profits

        460,911       479,225       (18,313

Net interest income

     227,454       275,564       (48,110

Net fees and commissions

     92,999       98,778       (5,779

Net trading profits

     15,745       53,955       (38,209

Net other operating profits

     124,712       50,925       73,786  

Net gains (losses) on debt securities

     80,899       54,542       26,357  

General and administrative expenses

     284,118       280,856       3,262  

Amortization of goodwill

     90       87       2  

Net operating profits before provision for general allowance for credit losses and amortization of goodwill

     176,883       198,456       (21,573

Net operating profits before provision for general allowance for credit losses

     176,792       198,368       (21,576

Provision for general allowance for credit losses (1)

     —         10,724       (10,724

Net operating profits

     176,792       209,093       (32,301

Net non-recurring gains (losses)

     (650     (56,252     55,602  

Credit costs (2)

     (29,528     (30,173     644  

Reversal of allowance for credit losses (3)

     28,809       —         28,809  

Reversal of reserve for contingent losses included in credit costs (4)

     —         —         —    

Gains on loans written-off (5)

     7,043       2,805       4,238  

Net gains (losses) on equity securities

     10,297       (8,388     18,685  

Gains on sales of equity securities

     15,795       14,185       1,610  

Losses on sales of equity securities

     (2,293     (6,093     3,800  

Losses on write-down of equity securities

     (3,204     (16,479     13,275  

Other non-recurring gains (losses)

     (17,273     (20,497     3,223  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     176,142       152,840       23,301  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (1,167     (2,199     1,031  

Income before income taxes

     174,974       150,641       24,333  

Income taxes-current

     50,540       45,240       5,300  

Income taxes-deferred

     (6,521     (5,086     (1,435

Total taxes

     44,019       40,154       3,864  
  

 

 

   

 

 

   

 

 

 

Net income

     130,955       110,486       20,468  
  

 

 

   

 

 

   

 

 

 

(Reference)

      

Total credit costs (1)+(2)+(3)+(4)+(5)

     6,325       (16,642     22,968  

Provision for general allowance for credit losses

     42,029       10,724       31,304  

Provision for special allowance for credit losses

     (13,186     (16,351     3,165  

Allowance for credit to specific foreign borrowers

     (33     14       (48

Losses on loans write-off

     (11,137     (7,509     (3,628

Provision for contingent losses included in credit costs

     (16,903     (5,747     (11,156

Gains on loans written-off

     7,043       2,805       4,238  

Losses on sales of other loans, etc.

     (1,486     (579     (907

 

3


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

                                                  
     (in millions of yen)  
     For the three months ended     Increase  
     June 30, 2017
(A)
    June 30, 2016
(B)
    (Decrease)
(A) - (B)
 

Gross profits

        115,277       109,425       5,852  

Gross profits before credit costs for trust accounts

     115,277       109,425       5,852  

Trust fees

     21,753       25,245       (3,491

Credit costs for trust accounts (1)

     —         —         —    

Net interest income

     53,758       48,077       5,681  

Net fees and commissions

     24,208       22,077       2,131  

Net trading profits

     5,711       6,918       (1,206

Net other operating profits

     9,844       7,107       2,737  

Net gains (losses) on debt securities

     12,390       14,885         (2,495

General and administrative expenses

     49,404       49,773       (368

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

     65,872       59,651       6,220  

Provision for general allowance for credit losses (2)

     —         —         —    

Net operating profits

     65,872       59,651       6,220  

Net non-recurring gains (losses)

     15,879       3,598       12,281  

Credit costs (3)

     (7,310     (151     (7,159

Reversal of allowance for credit losses (4)

     14,045       632       13,412  

Reversal of reserve for contingent losses included in credit costs (5)

     —         —         —    

Gains on loans written-off (6)

     352       68       283  

Net gains (losses) on equity securities

     11,768       4,804       6,963  

Gains on sales of equity securities

     13,307       6,854       6,452  

Losses on sales of equity securities

     (1,409     (1,627     218  

Losses on write-down of equity securities

     (129     (422     292  

Other non-recurring gains (losses)

     (2,975     (1,756     (1,218
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     81,752       63,250       18,502  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (131     (3,861     3,729  

Income before income taxes

     81,620       59,389       22,231  

Income taxes-current

     9,492       10,298       (805

Income taxes-deferred

     6,962       939       6,023  

Total taxes

     16,455       11,237       5,217  
  

 

 

   

 

 

   

 

 

 

Net income

     65,165       48,151       17,013  
  

 

 

   

 

 

   

 

 

 

(Reference)

      

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

     7,086       550       6,536  

Credit costs for trust accounts

     —         —         —    

Provision for general allowance for credit losses

     14,005       658       13,346  

Provision for special allowance for credit losses

     39       (25     65  

Allowance for credit to specific foreign borrowers

     0       0       0  

Losses on loans write-offs

     —         (2     2  

Provision for contingent losses included in credit costs

     (7,310     (149     (7,161

Gains on loans written-off

     352       68       283  

Losses on sales of other loans, etc.

     —         —         —    

 

4


Mitsubishi UFJ Financial Group, Inc.

 

2. Non Performing Loans Based on the Financial Reconstruction Law

BTMU and MUTB Combined including Trust Account

 

     (in millions of yen)  
     As of
June 30, 2017
    As of
March 31, 2017
 

Bankrupt or De facto Bankrupt

     188,955       119,803  

Doubtful

     399,058       426,284  

Special Attention

     541,542       627,162  

Non Performing Loans

     1,129,555       1,173,249  

Total loans

     105,116,704       105,413,893  

Non Performing Loans / Total loans

     1.07     1.11

 

BTMU Non-consolidated

 

    
     (in millions of yen)  
     As of
June 30, 2017
    As of
March 31, 2017
 

Bankrupt or De facto Bankrupt

     187,081       117,714  

Doubtful

     392,445       418,034  

Special Attention

     508,022       571,405  

Non Performing Loans

     1,087,550       1,107,154  

Total loans

       90,434,059         90,743,260  

Non Performing Loans / Total loans

     1.20     1.22

 

MUTB Non-consolidated

 

    
     (in millions of yen)  
     As of
June 30, 2017
    As of
March 31, 2017
 

Bankrupt or De facto Bankrupt

     1,869       2,085  

Doubtful

     6,525       8,159  

Special Attention

     33,367       55,603  

Non Performing Loans

     41,762       65,848  

Total loans

       14,664,959         14,652,339  

Non Performing Loans / Total loans

     0.28     0.44

 

MUTB Non-consolidated: Trust Account

 

    
     (in millions of yen)  
     As of
June 30, 2017
    As of
March 31, 2017
 

Bankrupt or De facto Bankrupt

     3       3  

Doubtful

     87       90  

Special Attention

     151       153  

Non Performing Loans

     242       247  

Total loans

            17,685              18,293  

Non Performing Loans / Total loans

     1.37     1.35

 

5


Mitsubishi UFJ Financial Group, Inc.

 

3. Securities

MUFG Consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, beneficiary rights to the trust in “Monetary claims bought” and others in addition to “Securities”.

 

     (in millions of yen)  
     As of June 30, 2017      As of March 31, 2017  
     Amount on
consolidated
balance sheet
     Differences      Amount on
consolidated
balance sheet
     Differences  

Debt securities being held to maturity

     3,277,995        48,048        3,560,825        50,325  
     (in millions of yen)  
     As of June 30, 2017      As of March 31, 2017  
     Amount on
consolidated
balance sheet
     Differences      Amount on
consolidated
balance sheet
     Differences  

Available-for-sale securities

     54,635,345        3,353,735        54,813,148        3,139,063  

Domestic equity securities

     5,401,478        2,904,438        5,164,653        2,635,191  

Domestic bonds

     24,822,480        289,646        27,688,842        399,130  

Other

     24,411,387        159,650        21,959,652        104,742  

Foreign equity securities

     187,147        53,842        182,802        49,875  

Foreign bonds

     20,399,411        10,172        17,917,306        (8,487

Other

     3,824,828        95,636        3,859,542        63,353  

 

6


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, beneficiary rights to the trust in “Monetary claims bought” and others in addition to “Securities”.

 

     (in millions of yen)  
     As of June 30, 2017     As of March 31, 2017  
     Amount on
balance sheet
     Differences     Amount on
balance sheet
     Differences  

Debt securities being held to maturity

     2,037,382        49,936       2,348,504        52,045  

Stocks of subsidiaries and affiliates

     932,607        (7,076     932,607        (8,940
     (in millions of yen)  
     As of June 30, 2017     As of March 31, 2017  
     Amount on
balance sheet
     Differences     Amount on
balance sheet
     Differences  

Available-for-sale securities

     37,108,347        2,512,830       37,723,034        2,347,803  

Domestic equity securities

     4,385,759        2,245,177       4,173,471        2,016,280  

Domestic bonds

     20,844,649        254,424       23,390,925        354,591  

Other

     11,877,938        13,228       10,158,637        (23,069

Foreign equity securities

     174,015        48,537       170,335        44,257  

Foreign bonds

     9,557,673        (35,372     7,853,982        (35,584

Other

     2,146,249        63       2,134,319        (31,742

 

7


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

The tables include beneficiary rights to the trust in “Monetary claims bought” in addition to “Securities”.

 

     (in millions of yen)  
     As of June 30, 2017      As of March 31, 2017  
     Amount on
balance sheet
     Differences      Amount on
balance sheet
     Differences  

Debt securities being held to maturity

     9,514        218        —          —    

Stocks of subsidiaries and affiliates

     56,488        49,235        52,328        33,443  
     (in millions of yen)  
     As of June 30, 2017      As of March 31, 2017  
     Amount on
balance sheet
     Differences      Amount on
balance sheet
     Differences  

Available-for-sale securities

     13,967,785           800,130        13,508,608           752,569  

Domestic equity securities

     1,068,863        598,673        1,036,997        551,360  

Domestic bonds

     4,047,708        34,539        4,369,116        43,958  

Other

     8,851,212        166,917        8,102,494        157,250  

Foreign equity securities

     68        42        61        36  

Foreign bonds

     7,538,774        75,279        6,792,918        64,280  

Other

     1,312,369        91,594        1,309,514        92,933  

 

8


Mitsubishi UFJ Financial Group, Inc.

 

4. ROE

MUFG Consolidated

 

     (%)  
     For the three months
ended
June 30, 2017
     For the three months
ended
June 30, 2016
 

ROE

                9.00                   6.06  

Note:

ROE is computed as follows:

 

profits attributable to owners of parent × 4   

 

×100

{(Total shareholders’ equity at the beginning of the period + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period + Foreign currency translation adjustments at the end of the period)} / 2

  

 

9


Mitsubishi UFJ Financial Group, Inc.

 

5. Average Interest Rate Spread

BTMU and MUTB Combined

 

(Domestic business segment)    (percentage per annum)  
   For the three months
ended
June 30, 2017
     For the three months
ended
June 30, 2016
 

Average interest rate on loans and bills discounted

     0.81        0.81  

Average interest rate on deposits and NCD

     0.01        0.02  

Interest rate spread

     0.80        0.79  
(After excluding loans to the Japanese government and governmental organizations)    (percentage per annum)  

Average interest rate on loans and bills discounted

     0.87        0.94  

Interest rate spread

     0.86        0.92  

BTMU Non-consolidated

     
(Domestic business segment)    (percentage per annum)  
   For the three months
ended
June 30, 2017
     For the three months
ended
June 30, 2016
 

Average interest rate on loans and bills discounted

     0.89        0.86  

Average interest rate on deposits and NCD

     0.00        0.01  

Interest rate spread

     0.88        0.85  
(After excluding loans to the Japanese government and governmental organizations)    (percentage per annum)  

Average interest rate on loans and bills discounted

     0.95        1.01  

Interest rate spread

                0.95                   1.00  

MUTB Non-consolidated

     
(Domestic business segment)    (percentage per annum)  
   For the three months
ended
June 30, 2017
     For the three months
ended
June 30, 2016
 

Average interest rate on loans and bills discounted

     0.46        0.54  

Average interest rate on deposits and NCD

     0.06        0.10  

Interest rate spread

     0.39        0.44  
(After excluding loans to the Japanese government and governmental organizations)    (percentage per annum)  

Average interest rate on loans and bills discounted

     0.51        0.57  

Interest rate spread

     0.44        0.47  

 

10


Mitsubishi UFJ Financial Group, Inc.

 

6. Loans and Deposits

BTMU and MUTB Combined

 

     (in millions of yen)  
     As of
June 30, 2017
     As of
March 31, 2017
 

Deposits (ending balance)

     156,277,374        155,498,777  

Deposits (average balance)

     157,749,353        149,718,788  

Loans (ending balance)

     95,262,001        95,677,312  

Loans (average balance)

     96,646,840        97,494,781  
     (in millions of yen)  
     As of
June 30, 2017
     As of
March 31, 2017
 

Domestic deposits (ending balance)*

     134,079,454        134,143,669  

Individuals

     74,344,027        73,093,302  

Note:

 

  * Amounts do not include negotiable certificates of deposit and JOM accounts.

BTMU Non-consolidated

 

     (in millions of yen)  
     As of
June 30, 2017
     As of
March 31, 2017
 

Deposits (ending balance)

     141,793,021        139,164,104  

Deposits (average balance)

     142,303,360        135,613,401  

Loans (ending balance)

     80,958,259        81,394,063  

Loans (average balance)

     82,438,640        83,916,295  
     (in millions of yen)  
     As of
June 30, 2017
     As of
March 31, 2017
 

Domestic deposits (ending balance)*

     121,446,062        119,499,507  

Individuals

     66,455,137        65,352,462  

Note:

 

  * Amounts do not include negotiable certificates of deposit and JOM accounts.

MUTB Non-consolidated

 

     (in millions of yen)  
     As of
June 30, 2017
     As of
March 31, 2017
 
     

Deposits (ending balance)

       14,484,352          16,334,673  

Deposits (average balance)

     15,445,993        14,105,387  

Loans (ending balance)

     14,303,741        14,283,249  

Loans (average balance)

     14,208,199        13,578,485  
     (in millions of yen)  
     As of
June 30, 2017
     As of
March 31, 2017
 

Domestic deposits (ending balance)*

     12,633,391        14,644,161  

Individuals

     7,888,890        7,740,840  

Note:

 

  * Amounts do not include negotiable certificates of deposit and JOM accounts.

 

11


Mitsubishi UFJ Financial Group, Inc.

 

7. Statements of Trust Assets and Liabilities

MUTB Non-consolidated

Including trust assets under service-shared co-trusteeship

 

(in millions of yen)    As of
    March 31, 2017    
     As of
    June 30, 2017    
 

Assets:

     

Loans and bills discounted

     204,237        233,043  

Securities

     53,054,465        52,602,183  

Beneficiary rights to the trust

     58,907,613        58,468,922  

Securities held in custody accounts

     3,259,572        3,648,943  

Monetary claims

     13,051,405        17,566,649  

Tangible fixed assets

     12,493,551        12,675,036  

Intangible fixed assets

     207,803        211,289  

Other claims

     3,950,126        3,667,555  

Call loans

     705,784        525,207  

Due from banking account

     9,100,260        8,237,280  

Cash and due from banks

     5,731,968        6,015,622  
  

 

 

    

 

 

 

Total

     160,666,790        163,851,734  
  

 

 

    

 

 

 

Liabilities:

     

Money trusts

     21,817,433        22,615,504  

Pension trusts

     12,741,687        11,874,570  

Property formation benefit trusts

     7,549        7,542  

Investment trusts

     63,323,815        62,396,042  

Money entrusted other than money trusts

     3,372,911        3,495,595  

Securities trusts

     5,399,262        5,821,159  

Monetary claim trusts

     12,195,074        16,689,365  

Equipment trusts

     66,298        67,995  

Land and fixtures trusts

     44,291        43,946  

Composite trusts

     41,698,466        40,840,011  
  

 

 

    

 

 

 

Total

     160,666,790        163,851,734  
  

 

 

    

 

 

 

 

Note:    1.    The table shown above includes master trust assets under the service-shared co-trusteeship between MUTB and The Master Trust Bank of Japan, Ltd.
   2.    Trust assets and liabilities under a declaration of trust excluded from above table are 1,507 millions of yen as of March 31, 2017 and 1,506 millions of yen as of June 30, 2017, respectively.

 

12

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