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 2018

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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 18, 2018

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Zenta Morokawa

Name:   Zenta Morokawa
Title:  

Chief Manager, Documentation & Corporate Secretary Department,

Corporate Administration Division


Interim Consolidated Summary Report

<under US GAAP>

For the Fiscal Year Ending March 31, 2018

 

Date:    January 18, 2018
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, 2017

(1) Operating results

 

(in millions of yen, except per share data)
    

  For the six months ended September 30,  

    

2017

  

2016

Total revenue

           2,679,565            2,717,440

Income before income tax expense

   1,014,434    1,005,788

Net income attributable to Mitsubishi UFJ Financial Group

   790,704    750,883

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

   59.21    55.00

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

   59.05    54.84

Notes:

1. Comprehensive income (loss) attributable to Mitsubishi UFJ Financial Group for the six months ended September 30, 2017 and 2016 were ¥1,024,023 million and ¥(73,556) million, respectively.

2. Average number of shares outstanding

 

     (in thousands of shares)
    

  For the six months ended September 30,  

    

2017

  

2016

Common stock

   13,354,885    13,652,274

(2) Financial condition

 

     (in millions of yen)
    

As of September 30,

  

As of March 31,

    

2017

  

2017

Total assets

   300,400,980    297,185,019
  

 

  

 

Total Mitsubishi UFJ Financial Group shareholders’ equity

   14,752,184    13,985,532
  

 

  

 

(3) Cash flows

 

     (in millions of yen)  
    

  For the six months ended September 30,  

    

2017

  

2016

Net cash provided by (used in) operating activities

   (1,679,873)    1,507,950

Net cash provided by investing activities

   3,357,753    6,908,631

Net cash provided by financing activities

   3,614,547    4,070,054

Cash and cash equivalents at end of period

           30,987,492            20,973,925

 

- 1 -


This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.’s consolidated financial information under U.S. GAAP that is included in the Company’s semi-annual 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 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 the Company’s 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, Annual Securities Report, Disclosure Book, Annual Report, Form 20-F, 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)

           2017                       2017            

Assets:

    

Cash and due from banks

     30,987,492       25,682,741  

Interest-earning deposits in other banks

     39,128,016       38,327,029  

Call loans, funds sold, and receivables under resale agreements

     7,457,475       8,892,383  

Receivables under securities borrowing transactions

     9,838,929       11,002,724  

Trading account assets

     41,390,111       41,320,049  

Investment securities:

    

Available-for-sale securities—carried at fair value

     36,827,530       39,090,099  

Held-to-maturity securities—carried at amortized cost

     3,230,851       3,587,321  

Other investment securities

     555,250       556,161  
  

 

 

   

 

 

 

Total investment securities

     40,613,631       43,233,581  
  

 

 

   

 

 

 

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

     118,235,423       118,214,972  

Allowance for credit losses

     (916,181     (1,182,188
  

 

 

   

 

 

 

Net loans

     117,319,242       117,032,784  
  

 

 

   

 

 

 

Premises and equipment—net

     1,010,133       994,271  

Accrued interest

     307,674       281,752  

Customers’ acceptance liability

     140,778       156,208  

Intangible assets—net

     999,755       1,020,359  

Goodwill

     435,553       450,143  

Deferred tax assets

     56,738       76,452  

Other assets

     10,715,453       8,714,543  
  

 

 

   

 

 

 

Total assets

     300,400,980       297,185,019  
  

 

 

   

 

 

 

Liabilities:

    

Deposits:

                                                                      

Domestic offices:

    

Non-interest-bearing

     22,937,903       23,098,886  

Interest-bearing

     122,210,795       121,741,545  

Overseas offices, principally interest-bearing

     46,636,077       45,561,192  
  

 

 

   

 

 

 

Total deposits

     191,784,775       190,401,623  
  

 

 

   

 

 

 

Call money, funds purchased, and payables under repurchase agreements

     19,647,904       18,056,476  

Payables under securities lending transactions

     4,789,971       5,549,004  

Due to trust account and other short-term borrowings

     11,349,001       11,304,676  

Trading account liabilities

     16,418,784       18,790,133  

Obligations to return securities received as collateral

     2,699,912       3,516,232  

Bank acceptances outstanding

     140,778       156,208  

Accrued interest

     162,018       147,351  

Long-term debt

     30,133,040       27,743,443  

Other liabilities

     7,794,424       6,755,165  
  

 

 

   

 

 

 

Total liabilities

     284,920,607       282,420,311  
  

 

 

   

 

 

 

Equity:

    

Mitsubishi UFJ Financial Group shareholders’ equity:

    

Capital stock

     2,090,270       2,090,270  

Capital surplus

     5,820,198       5,956,644  

Retained earnings:

    

Appropriated for legal reserve

     239,571       239,571  

Unappropriated retained earnings

     4,601,402       3,931,612  

Accumulated other comprehensive income, net of taxes

     2,514,742       2,281,423  

Treasury stock, at cost

     (513,999     (513,988
  

 

 

   

 

 

 

Total Mitsubishi UFJ Financial Group shareholders’ equity

     14,752,184       13,985,532  

Noncontrolling interests

     728,189       779,176  
  

 

 

   

 

 

 

Total equity

     15,480,373       14,764,708  
  

 

 

   

 

 

 

Total liabilities and equity

     300,400,980       297,185,019  
  

 

 

   

 

 

 

 

- 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)

   2017     2016  

Interest income:

    

Loans, including fees

     1,098,107       997,030  

Deposits in other banks

     57,768       36,982  

Investment securities

     185,852       187,835  

Trading account assets

     224,262       212,587  

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

     36,109       31,224  
  

 

 

   

 

 

 

Total

         1,602,098         1,465,658  
  

 

 

   

 

 

 

Interest expense:

    

Deposits

     240,723       165,897  

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

     57,620       31,379  

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

     41,919       27,338  

Long-term debt

     141,590       135,631  
  

 

 

   

 

 

 

Total

     481,852       360,245  
  

 

 

   

 

 

 

Net interest income

     1,120,246       1,105,413  

Credit for credit losses

     186,568       58,681  
  

 

 

   

 

 

 

Net interest income after credit for credit losses

     1,306,814       1,164,094  
  

 

 

   

 

 

 

Non-interest income:

                                                                      

Fees and commissions income

     701,916       687,853  

Foreign exchange losses—net

     (3,025     (20,704

Trading account profits—net

     69,428       284,845  

Investment securities gains—net

     176,149       127,028  

Equity in earnings of equity method investees—net

     88,717       128,468  

Other non-interest income

     44,282       44,292  
  

 

 

   

 

 

 

Total

     1,077,467       1,251,782  
  

 

 

   

 

 

 

Non-interest expense:

    

Salaries and employee benefits

     537,214       555,671  

Occupancy expenses—net

     88,567       90,369  

Fees and commissions expenses

     146,625       133,243  

Outsourcing expenses, including data processing

     136,326       123,961  

Depreciation of premises and equipment

     46,159       47,861  

Amortization of intangible assets

     116,878       112,576  

Impairment of intangible assets

     16,591       968  

Insurance premiums, including deposit insurance

     45,103       45,936  

Communications

     28,158       27,843  

Taxes and public charges

     45,152       45,031  

Other non-interest expenses

     163,074       226,629  
  

 

 

   

 

 

 

Total

     1,369,847       1,410,088  
  

 

 

   

 

 

 

Income before income tax expense

     1,014,434       1,005,788  

Income tax expense

     234,336       252,472  
  

 

 

   

 

 

 

Net income before attribution of noncontrolling interests

     780,098       753,316  

Net income (loss) attributable to noncontrolling interests

     (10,606     2,433  
  

 

 

   

 

 

 

Net income attributable to Mitsubishi UFJ Financial Group

     790,704       750,883  
  

 

 

   

 

 

 
(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

     59.21       55.00  

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

     59.05       54.84  

 

- 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)

           2017                       2016            

Net income before attribution of noncontrolling interests

     780,098       753,316  

Other comprehensive income (loss), net of tax:

    

Net unrealized gains (losses) on investment securities

     247,454       (134,423

Net debt valuation adjustments

     (5,779     866  

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

     (626     19,205  

Defined benefit plans

     24,609       18,370  

Foreign currency translation adjustments

     (35,925     (758,994
  

 

 

   

 

 

 

Total

     229,733       (854,976
  

 

 

   

 

 

 

Comprehensive income (loss)

     1,009,831       (101,660
  

 

 

   

 

 

 

Net income (loss) attributable to noncontrolling interests

     (10,606     2,433  

Other comprehensive loss attributable to noncontrolling interests

     (3,586     (30,537
  

 

 

   

 

 

 

Comprehensive income (loss) attributable to Mitsubishi UFJ Financial Group

     1,024,023       (73,556
  

 

 

   

 

 

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

(in millions of yen)

   2017     2017  

Impaired loans

     1,516,310       1,715,850  

Other than impaired loans

     116,719,113       116,499,122  
  

 

 

   

 

 

 

Total

     118,235,423       118,214,972  
  

 

 

   

 

 

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

(in millions of yen)

   2017     2017  

Related to impaired loans

     642,277       882,208  

Related to other than impaired loans

     273,904       299,980  
  

 

 

   

 

 

 

Total

     916,181       1,182,188  
  

 

 

   

 

 

 

 

- 5 -

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