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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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 14, 2017

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Zenta Morokawa

Name:   Zenta Morokawa
Title:  

Chief Manager

Documentation & Corporate Secretary Department

  Corporate Administration Division


English Translation of Excerpts from Quarterly Securities Report Filed in Japan

This document is an English translation of selected information included in the Quarterly Securities Report for the quarter ended June 30, 2017 filed by Mitsubishi UFJ Financial Group, Inc. (“MUFG” or “we”) with the Kanto Local Financial Bureau, the Ministry of Finance of Japan, on August 14, 2017 (the “Quarterly Securities Report”). An English translation of certain information included in the Quarterly Securities Report was previously submitted in a report on Form 6-K dated August 1, 2017. Accordingly, this document should be read together with the previously submitted report.

The Quarterly Securities Report has been prepared and filed in Japan in accordance with applicable Japanese disclosure requirements as well as generally accepted accounting principles in Japan (“J-GAAP”). There are significant differences between J-GAAP and generally accepted accounting principles in the United States. In addition, the Quarterly Securities Report is intended to update prior disclosures filed by MUFG in Japan and discusses selected recent developments in the context of those prior disclosures. Accordingly, the Quarterly Securities Report may not contain all of the information that is important to you. For a more complete discussion of the background to information provided in the Quarterly Securities Report disclosure, please see our annual report on Form 20-F for the fiscal year ended March 31, 2017 and the other reports filed with or submitted to the U.S. Securities and Exchange Commission by MUFG.

 

1


Additional Japanese GAAP Financial Information for the three months ended June 30, 2017

 

1. Changes in the Scope of Consolidation or Application of the Equity Method

 

  I. Significant changes in the scope of consolidation

None.

II. Significant changes in the scope of application of the equity method

None.

 

2


2. Consolidated Balance Sheets

 

  I. Risk-monitored loans included in “Loans and bills discounted”

 

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

Loans to bankrupt borrowers

   ¥ 46,498      ¥ 47,060  

Non-accrual delinquent loans

     738,103        716,718  

Accruing loans contractually past due 3 months or more

     46,301        46,825  

Restructured loans

     708,354        637,795  
  

 

 

    

 

 

 

Total

   ¥      1,539,258      ¥      1,448,399  
  

 

 

    

 

 

 

 

     The amounts above represent gross amounts before the deduction of allowance for credit losses.

 

  II. The principal amount of money trusts entrusted to domestic trust banking subsidiaries, for which repayment of the principal to the customers was guaranteed

 

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

Principal-guaranteed money trusts

   ¥      6,678,398      ¥      6,188,356  

 

  III. Guarantee obligations for private placement bonds (provided in accordance with the Article 2-3 of the Financial Instruments and Exchange Law) among the bonds and other securities included in “Securities”

 

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

Guarantee obligations for private placement bonds

   ¥         563,884      ¥         547,929  

 

  IV. Contingent liabilities
     (Litigation)
       In the ordinary course of business, MUFG is subject to various litigation and regulatory matters. In accordance with applicable accounting guidance, MUFG establishes a Reserve for Contingent Losses arising from litigation and regulatory matters when they are determined to be probable in their occurrences and the probable loss amount can be reasonably estimated. Based upon current knowledge and consultation with counsel, management believes the eventual outcome of such litigation and regulatory matters, where losses are probable and the probable loss amounts can be reasonably estimated, would not have a material adverse effect on the MUFG’s financial position, results of operations or cash flows.

 

       Management also believes the amount of loss that is reasonably possible, but not probable, from various litigation and regulatory matters is not material to MUFG’s financial position, results of operations or cash flows.

 

3


3. Consolidated Statements of Income

 

   “Other ordinary income” for the periods indicated included the following:

 

     (in millions of yen)  
     For the three months ended June 30,  
             2016                      2017          

Equity in gains of the equity method investees

   ¥ 61,116      ¥ 68,021  

Gains on sales of equity securities

     25,478        31,120  

 

   “Other ordinary expenses” for the periods indicated included the following:

 

     (in millions of yen)  
     For the three months ended June 30,  
             2016                      2017          

Write-offs of loans

   ¥ 27,636      ¥ 33,597  

Provision for reserve for contingent losses

     5,680        28,131  

Provision for allowance for credit losses

     40,334         

 

4. Consolidated Statements of Cash Flows

 

   No consolidated statements of cash flows have been prepared for the three months periods ended June 30, 2016 and 2017.
   Depreciation (including amortization of intangible assets other than goodwill) and amortization of goodwill for the periods indicated were as follows:

 

     (in millions of yen)  
     For the three months ended June 30,  
             2016                      2017          

Depreciation

   ¥ 75,716      ¥ 78,784  

Amortization of goodwill

     4,037        4,244  

 

4


5. Shareholders’ Equity

 

   For the three months ended June 30, 2016

 

  I. Cash dividends

 

Date of approval

   Type of stock      Total
Dividends
(in millions
of yen)
     Dividend
per share
(yen)
     Dividend
record date
     Effective
date
     Source of
dividends
 

Annual General Meeting of Shareholders on June 29, 2016

     Common stock        124,116        9        March 31, 2016        June 29, 2016        Retained earnings  

 

  II. Dividends the record date for which fell within the three months periods and the effective date of which was after the end of the three months periods

 

     None.

 

   For the three months ended June 30, 2017

 

  I. Cash dividends

 

Date of approval

   Type of stock      Total
Dividends
(in millions
of yen)
     Dividend
per share
(yen)
     Dividend
record date
     Effective
date
     Source of
dividends
 

Annual General Meeting of Shareholders on June 29, 2017

     Common stock        121,160        9        March 31, 2017        June 30, 2017        Retained earnings  

 

  II. Dividends the record date for which fell within the three months periods and the effective date of which was after the end of the three months periods

 

     None.

 

5


6.  Segment Information

I.   Business segment information

(1) Information on net revenue and operating profit (loss) for each reporting segment

For the three months ended June 30, 2016

 

     (in millions of yen)  
     For the three months ended June 30, 2016  
     Retail
Banking
Business
Group
     Corporate
Banking
Business
Group
     Global
Business
Group
     Trust
Assets
Business
Group
     Total of
Customer
Business
     Global
Markets
Business
Group
     Other     Total  

Net revenue

   ¥ 284,760      ¥ 228,889      ¥ 305,447      ¥ 41,903      ¥ 820,856      ¥ 207,730      ¥ (14,582   ¥ 1,014,004  

Operating expenses

     237,523        142,167        198,608        26,402        568,285        51,672        44,394       664,351  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Operating profit (loss)

   ¥ 47,237      ¥ 86,721      ¥ 106,838      ¥ 15,500      ¥ 252,570      ¥ 156,058      ¥ (58,976   ¥ 349,652  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

(Notes)

  1. “Net revenue” in the above table is used in lieu of net sales generally used by Japanese non-financial companies.
  2. “Net revenue” includes net interest income, trust fees, net fees and commissions, net trading profit, and net other operating profit.
  3. “Operating expenses” includes personnel expenses and premise expenses.
  4. “Net revenue” and “Operating expenses” for each of the Corporate Banking Business Group and the Global Business Group include net revenue and operating expenses relating to overseas Japanese corporate transactions.
     The amounts relating to such transactions included in each of these reporting segments are as follows: ¥ 40,145 million of net revenue, ¥36,417 million of operating expenses and ¥ 3,727 million of operating profit. Adjustments have been made by deducting these amounts from the Total of Customer Business.

For the three months ended June 30, 2017

 

     (in millions of yen)  
     For the three months ended June 30, 2017  
     Retail
Banking
Business
Group
     Corporate
Banking
Business
Group
     Global
Business
Group
     Trust
Assets
Business
Group
     Total of
Customer
Business
     Global
Markets
Business
Group
     Other     Total  

Net revenue

   ¥ 293,447      ¥ 216,258      ¥ 309,722      ¥ 44,053      ¥ 819,184      ¥ 202,127      ¥ 7,730     ¥ 1,029,042  

Operating expenses

     235,409        144,224        212,936        28,062        582,402        55,292        46,245       683,940  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Operating profit (loss)

   ¥ 58,038      ¥ 72,033      ¥ 96,785      ¥ 15,991      ¥ 236,781      ¥ 146,834      ¥ (38,514   ¥ 345,101  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

(Notes)

  1. “Net revenue” in the above table is used in lieu of net sales generally used by Japanese non-financial companies.
  2. “Net revenue” includes net interest income, trust fees, net fees and commissions, net trading profit, and net other operating profit.
  3. “Operating expenses” includes personnel expenses and premise expenses.
  4. “Net revenue” and “Operating expenses” for each of the Corporate Banking Business Group and the Global Business Group include net revenue and operating expenses relating to overseas Japanese corporate transactions.
     The amounts relating to such transactions included in each of these reporting segments are as follows: ¥ 44,297 million of net revenue, ¥38,230 million of operating expenses and ¥ 6,066 million of operating profit. Adjustments have been made by deducting these amounts from the Total of Customer Business.

 

6


(2) Reconciliation of the total operating profit in each of the above tables to the ordinary profit in the consolidated statements of income for the corresponding three months periods

 

     (in millions of yen)  
     For the three months ended June 30,  
     2016     2017  

Total operating profit of reporting segments

   ¥ 349,652     ¥ 345,101  

Operating profit of consolidated subsidiaries excluded from reporting segments

     13,711       5,868  

Provision for general allowance for credit losses

     (11,452     —    

Credit related expenses

     (56,938     (59,378

Reversal of allowance for credit losses

     —         18,792  

Gains on collection of bad debts

     12,865       20,500  

Net gains on equity securities and other securities

     1,710       24,266  

Equity in gains of the equity method investees

     61,116       68,021  

Others

     (29,851     (25,695
  

 

 

   

 

 

 

Ordinary profit in the consolidated statements of income

   ¥ 340,812     ¥ 397,476  
  

 

 

   

 

 

 

 

(3) Changes in reporting segments
  From the three months ended June 30, 2017, MUFG has reflected changes in the allocation of net revenue and operating expenses among reporting segments.
  Accordingly, the business segment information for the three months ended June 30, 2016 has been restated based on the new allocation.

 

7


7. Financial Instruments

 

   There are no material changes to be disclosed as of June 30, 2017 compared to March 31, 2017.

 

8. Securities

 

   There are no material changes to be disclosed as of June 30, 2017 compared to March 31, 2017.

 

9. Money Held in Trust

 

   There are no material changes to be disclosed as of June 30, 2017 compared to March 31, 2017.

 

8


10. Derivatives

 

   The following shows those derivatives as of June 30, 2017 which were deemed material in the management of our group company businesses and showed material changes as compared to those as of March 31, 2017.

 

  I. Currency-related derivatives

 

          (in millions of yen)  
          March 31, 2017  

Classification

  

Type of transaction

   Contract amount      Fair value     Valuation
gains (losses)
 

Transactions listed on exchanges

   Currency futures    ¥ 552,865      ¥ (3,750   ¥ (3,750

Over-the-counter (“OTC”) transactions

   Currency swaps      57,568,038        (65,667     (65,667
  

Forward contracts on foreign exchange       

     120,447,312         72,713         72,713   
  

Currency options

     15,290,877        14,445       59,351  
     

 

 

    

 

 

   

 

 

 
  

Total

     —        ¥ 17,740     ¥ 62,646  
     

 

 

    

 

 

   

 

 

 

Notes:

  1. The transactions above are stated at fair value and the related valuation gains (losses) are reported in the consolidated statements of income.
  2. Those derivatives transactions to which the hedge accounting is applied as described in JICPA Industry Audit Committee Report No. 25 “Treatment of Accounting and Auditing concerning Accounting for Foreign Currency Transactions in the Banking Industry” (July 29, 2002) (“JICPA Industry Audit Committee Report No. 25”) and other relevant standards are excluded from the above table.

 

          (in millions of yen)  
          June 30, 2017  

Classification

  

Type of transaction

   Contract amount      Fair value     Valuation
gains (losses)
 

Transactions listed on exchanges

   Currency futures    ¥ 627,613      ¥ (1,323   ¥ (1,323

OTC transactions

   Currency swaps      59,772,364         104,303         104,303   
  

Forward contracts on foreign exchange      

     116,110,131         43,835        43,835  
  

Currency options

     13,865,060        4,407       44,286  
     

 

 

    

 

 

   

 

 

 
  

Total

     —        ¥ 151,221     ¥ 191,100  
     

 

 

    

 

 

   

 

 

 

Notes:

  1. The transactions above are stated at fair value and the related valuation gains (losses) are reported in the consolidated statements of income.
  2. Those derivatives transactions to which the hedge accounting is applied as described in JICPA Industry Audit Committee Report No. 25 and other relevant standards are excluded from the above table.

 

9


  II. Equity-related derivatives
          (in millions of yen)  
          March 31, 2017  

Classification

  

Type of transaction

   Contract amount      Fair value     Valuation
gains (losses)
 

Transactions listed on exchanges

   Stock index futures    ¥ 927,570      ¥ 16,462     ¥ 16,462  
   Stock index options      1,526,029        (29,893     7,146  

OTC transactions

   OTC securities option transactions          1,229,248        14,380          24,022  
   OTC securities index swap transactions      596,888        20,484       20,484  
  

Forward transactions in OTC securities indexes

     69,583        (1,075     (1,075
     

 

 

    

 

 

   

 

 

 
  

Total

     —        ¥    20,358     ¥ 67,039  
     

 

 

    

 

 

   

 

 

 

Notes:

  1. The transactions above are stated at fair value and the related valuation gains (losses) are reported in the consolidated statements of income.
  2. Those derivatives transactions to which the hedge accounting is applied are excluded from the above table.

 

          (in millions of yen)  
          June 30, 2017  

Classification

  

Type of transaction

   Contract amount      Fair value     Valuation
gains (losses)
 

Transactions listed on exchanges

   Stock index futures    ¥ 851,661      ¥ 8,128     ¥ 8,128  
   Stock index options          1,934,399        (26,736     11,898  

OTC transactions

   OTC securities option transactions      1,348,151        12,047       23,325  
   OTC securities index swap transactions      744,067        13,886       13,886  
  

Forward transactions in OTC securities indexes

     28,694        905       905   
     

 

 

    

 

 

   

 

 

 
  

Total

     —        ¥      8,231     ¥    58,145  
     

 

 

    

 

 

   

 

 

 

Notes:

  1. The transactions above are stated at fair value and the related valuation gains (losses) are reported in the consolidated statements of income.
  2. Those derivatives transactions to which the hedge accounting is applied are excluded from the above table.

 

10


  III. Bond-related derivatives

 

          (in millions of yen)  
          March 31, 2017  

Classification

  

Type of transaction

   Contract amount      Fair value     Valuation
gains (losses)
 

Transactions listed on exchanges

   Bond futures    ¥ 1,113,861      ¥ 3,583     ¥ 3,583  
  

Bond futures options

     1,053,852        (721     (121

OTC transactions

   Bond OTC options      531,044        (149     (152
  

Bond forward contracts

         1,755,354        777       777  
  

Bond OTC swaps

     275,314        (2,626     (2,626
  

Total return swaps                         

     237,243        10,223          10,223  
     

 

 

    

 

 

   

 

 

 
  

Total

     —        ¥    11,086     ¥ 11,683  
     

 

 

    

 

 

   

 

 

 

Notes:

  1. The transactions above are stated at fair value and the related valuation gains (losses) are reported in the consolidated statements of income.
  2. Those derivatives transactions to which the hedge accounting is applied are excluded from the above table.

 

          (in millions of yen)  
          June 30, 2017  

Classification

  

Type of transaction

   Contract amount      Fair value     Valuation
gains (losses)
 

Transactions listed on exchanges

   Bond futures    ¥ 1,612,797      ¥ 6,159     ¥ 6,159  
  

Bond futures options

        4,161,602        2,262            3,155  

OTC transactions

   Bond OTC options      320,046        (59     (200
  

Bond forward contracts

     2,031,543        (1,897     (1,897
  

Bond OTC swaps

     165,864        (3,019     (3,019
  

Total return swaps                         

     228,918        1,034       1,034  
     

 

 

    

 

 

   

 

 

 
  

Total

     —        ¥      4,479     ¥ 5,231  
     

 

 

    

 

 

   

 

 

 

Notes:

  1. The transactions above are stated at fair value and the related valuation gains (losses) are reported in the consolidated statements of income.
  2. Those derivatives transactions to which the hedge accounting is applied are excluded from the above table.

 

11


IV. Credit-related derivatives

 

          (in millions of yen)  
          March 31, 2017  

Classification

  

Type of transaction

   Contract amount      Fair value     Valuation
gains (losses)
 

OTC transactions

   Credit default options                                    ¥ 5,914,221      ¥       (2,181   ¥       (2,181
     

 

 

    

 

 

   

 

 

 
  

Total

     —        ¥ (2,181   ¥ (2,181
     

 

 

    

 

 

   

 

 

 

 

  Note: The transactions above are stated at fair value and the related valuation gains (losses) are reported in the consolidated statements of income.

 

          (in millions of yen)  
          June 30, 2017  

Classification

  

Type of transaction

   Contract amount      Fair value     Valuation
gains (losses)
 

OTC transactions

   Credit default options                                    ¥ 5,890,010      ¥       (1,239   ¥       (1,239
     

 

 

    

 

 

   

 

 

 
  

Total

     —        ¥ (1,239   ¥ (1,239
     

 

 

    

 

 

   

 

 

 

 

  Note: The transactions above are stated at fair value and the related valuation gains (losses) are reported in the consolidated statements of income.

 

 

12


11.  Per Share Information

The bases for the calculation of basic earnings per common share and diluted earnings per common share for the periods indicated were as follows:

 

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

Basic earnings per common share

   ¥ 13.76     ¥ 21.58  

Diluted earnings per common share

     13.71       21.50  
     (in millions of yen)  
     For the three months ended June 30,  
     2016     2017  

Profits attributable to owners of the parent

   ¥ 188,924     ¥ 289,025  

Profits not attributable to common shareholders

     —         —    

Profits attributable to owners of the parent related common shares

     188,924       289,025  
     (in thousands)  
     For the three months ended June 30,  
     2016     2017  

Average number of common shares during the periods

     13,721,696       13,389,288  
     (in millions of yen)  
     For the three months ended June 30,  
     2016     2017  

Diluted earnings per share

    

Adjustment to profits attributable to owners of the parent

   ¥ (486   ¥ (1,098

Adjustment related to dilutive shares of consolidated subsidiaries and others

     (486     (1,098
     (in thousands)  
     For the three months ended June 30,  
     2016     2017  

Increase in common share

     16,765       711  

 

     For the three months ended June 30,
             2016             

                    2017                     

Description of antidilutive securities which were not included in the calculation of diluted earnings per share but which materially changed after the end of the previous fiscal year

  

 

 

 

 

 

—  

 

 

 

  

Share subscription rights issued by equity method affiliates:

    Morgan Stanley

    Stock options

    —   0 million units
           as of March, 2017

 

13


12.  Subsequent Events

 I. Cancellation of Own Shares

MUFG resolved, at a meeting of the Board of Directors held on May 15, 2017, to cancel shares of its common stock in accordance with the provisions of Article 178 of the Company Act. The cancellation was carried out on July 20, 2017.

 

  (1) Reason for the cancellation: To enhance shareholder returns, improve capital efficiency and conduct capital management flexibly

 

  (2) Type of shares canceled: Common shares of MUFG

 

  (3) Number of shares canceled: 141,158,900 shares (equivalent to 1.00% of the total number of shares issued before the cancellation)

 

  (4) Cancellation date: July 20, 2017

 

14

Mitsubishi UFJ Financial (NYSE:MUFG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Mitsubishi UFJ Financial Charts.
Mitsubishi UFJ Financial (NYSE:MUFG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Mitsubishi UFJ Financial Charts.