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 May 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: May 15, 2018

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Zenta Morokawa

Name:   Zenta Morokawa
Title:  

Managing Director, Head of

Documentation & Corporate

Secretary Department,

Corporate Administration Division


LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the fiscal year ended March 31, 2018

May 15, 2018

 

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, Managing Director, Head of
Financial Planning Division / Financial Accounting Office

   TEL (03) 3240-3110

General meeting of shareholders:

   June 28, 2018

Dividend payment date:

   June 29, 2018

Securities report issuing date:

   June 28, 2018

Trading accounts:

   Established

Supplemental information for financial statements:

   Available

Investor meeting presentation:

   Scheduled (for investors and analysts)

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

1. Consolidated Financial Data for the Fiscal Year ended March 31, 2018

 

(1) Results of Operations

 

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

Fiscal year ended

                

March 31, 2018

     6,068,061        1.5        1,462,418        7.5       989,664        6.8  

March 31, 2017

     5,979,568        4.6        1,360,767        (11.6     926,440        (2.6

 

(*) Comprehensive income

                March 31, 2018: 1,330,891 million yen     302.6 %                 ;         March 31, 2017: 330,609 million yen     (46.7) %

 

    Basic earnings
per share
    Diluted earnings
per share
    Net Income to Net Assets
Attributable to

MUFG shareholders
    Ordinary Profits to
Total Assets
    Ordinary Profits to
Ordinary Income
 
    yen     yen     %     %     %  

Fiscal year ended

         

March 31, 2018

    74.55       74.29       6.3       0.5       24.1  

March 31, 2017

    68.28       68.00       6.0       0.5       22.8  

(Reference) Income from investment in affiliates (Equity method)

                   March 31, 2018: 242,885 million yen;         March 31, 2017: 244,453 million yen

 

(2) Financial Conditions

 

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

As of

           

March 31, 2018

     306,937,415        17,295,037        5.2        1,217.41  

March 31, 2017

     303,297,433        16,658,394        5.0        1,137.78  

(Reference) Shareholders’ equity as of     March 31, 2018: 16,024,639 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

 

(3) Cash Flows

 

                                                                                                                                                                                                   
     Cash Flows from
Operating Activities
     Cash Flows from
Investing Activities
    Cash Flows from
Financing Activities
    Cash and Cash Equivalents
at the end of the period
 
     million yen      million yen     million yen     million yen  

Fiscal year ended

         

March 31, 2018

     7,004,197        (656,875     (290,538     39,944,713  

March 31, 2017

     7,013,064        8,907,549       (670,592     33,968,391  

2. Dividends on Common Stock

 

    Dividends per Share     Total
dividends
    Dividend
payout ratio
(Consolidated)
    Dividend on
net assets ratio
(Consolidated)
 
    1st
quarter-end
    2nd
quarter-end
    3rd
quarter-end
    Fiscal
year-end
    Total        
    yen     yen     yen     yen     yen     million yen     %     %  

Fiscal year

               

ended March 31, 2017

    —         9.00             9.00       18.00       243,600       26.4       1.6  

ended March 31, 2018

    —         9.00             10.00       19.00       251,824       25.5       1.6  

ending March 31, 2019 (Forecast)

    —         10.00             10.00       20.00         31.0    

 

(*) Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : Yes

3. Earnings Target for the Fiscal Year ending March 31, 2019 (Consolidated)

MUFG has set an earnings target of 850.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2019. 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 (Changes in specified subsidiaries accompanying change in scope of consolidation): No

 

(2) 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

 

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

 

(A) Total stocks outstanding including treasury stocks:

   March 31, 2018      13,900,028,020 shares  
   March 31, 2017      14,168,853,820 shares  

(B) Treasury stocks:

   March 31, 2018      737,138,211 shares  
   March 31, 2017      738,910,028 shares  

(C) Average outstanding stocks:

   Fiscal year ended March 31, 2018      13,274,746,023 shares  
   Fiscal year ended March 31, 2017      13,568,693,838 shares  

*This “Consolidated Summary Report” (“Tanshin”) is outside the scope of the external auditor’s audit procedure.

*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. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.


Mitsubishi UFJ Financial Group, Inc.

 

(Appendix)

Contents of Appendix

 

1.    Results of Operations and Financial Condition

     2  

(1) Analysis of results of operations

     2  

(2) Analysis of financial condition

     3  

2.    Basic Views on Selection of Accounting Standards

     3  

3.    Consolidated Financial Statements and Notes

     4  

(1) Consolidated Balance Sheets

     4  

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

     6  

(3) Consolidated Statements of Changes in Net Assets

     9  

(4) Consolidated Statements of Cash Flows

     11  

Notes to the Consolidated Financial Statements

     13  

Notes on Going-Concern Assumption

  

Segment Information

  

Per Share Information

  

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Fiscal Year Ended March 31, 2018”

 

(*) The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet. Materials distributed for those will be uploaded in our homepage soon after the internet conference or the explanation is held.

 

Internet Conference:    May 15, 2018 (Tuesday)
Explanation for investors and analysts:    May 18, 2018 (Friday)

 

1


Mitsubishi UFJ Financial Group, Inc.

 

1. Results of Operations and Financial Condition

(1)   Analysis of results of operations

(Results of operations for the fiscal year ended March 31, 2018)

An overview of the financial and economic environment in fiscal year 2017 reveals the global economy was exposed to political and geopolitical risks, such as a change in US policy under a new administration, national elections in major European countries and a rise in tensions in the Middle East and surrounding North Korea. Despite this, the global economy continued to recover and grow with comparative stability. In the US, an improvement in the labor market, a rise in wages and a recovery of corporations’ production activities allowed its self-sustained growth to continue. The European economies remained solid, supported by a strong labor market, increased wages and low interest rates, despite underlying uncertainty about the UK’s decision to leave the EU. In addition, it appears that the economies of ASEAN (Association of Southeast Asian Nations) and NIEs (Newly Industrialized Economies) remained robust, even China’s, which has been experiencing downward pressure from structural adjustments. A recovery of exports, owing to growth in developed economies, and strong demand for infrastructure provided support for Asian economies. Meanwhile, the Japanese economy remained unshaken, despite movements in the political sphere, such as elections for the Tokyo Metropolitan Assembly and the House of Representatives. It continued to expand gradually throughout the fiscal year, becoming the second-longest post-war period of economic growth, surpassing the “Izanagi Boom”. In the corporate sector, capital expenditure maintained its strong growth due to a high level of corporate profits and a recovery of production, which was aided by completion of inventory adjustments. In the household sector, private consumption remained solid on the back of a favorable labor market and a rise in wages, supported by corporations’ strong hiring appetite. In addition, implementation of large-scale economic policies by the government contributed to economic growth throughout the first half of the fiscal year.

Turning our attention to the financial situation, the US dollar-to-Japanese yen exchange rate remained relatively unchanged and stock prices followed an upward trend, supported by a recovery in the global economy until the third quarter. However, in the fourth quarter, concerns about inflation in the US came to the fore and uncertainty about its trade policies rose, leading to appreciation of the Japanese yen and a downward correction of stock prices. In June and December 2017 and March 2018, the US Federal Reserve raised interest rates, and in April 2017 and January 2018, the European Central Bank reduced the size of its asset purchases. On the other hand, the Bank of Japan maintained its “Quantitative and Qualitative Monetary Easing with Yield Curve Control”, and long-term interest rates remained low.

Under such business environment, consolidated gross profits for the fiscal year ended March 31, 2018 decreased 157.5 billion yen from the previous fiscal year to 3,854.2 billion yen. This was mainly due to a decrease in net interest income from domestic loans and deposits as well as from bond portfolios and a decrease of net gains on debt securities, while net interest income from overseas loans and deposits remained steadily. General and administrative (G&A) expenses for the fiscal year ended March 31, 2018 increased 27.8 billion yen from the previous fiscal year to 2,621.4 billion yen, reflecting higher expenses in overseas. As a result, net operating profits decreased 185.4 billion yen from the previous fiscal year to 1,232.8 billion yen.

 

2


Mitsubishi UFJ Financial Group, Inc.

 

Total credit costs for the fiscal year ended March 31, 2018 decreased 109.2 billion yen from the previous fiscal year, mainly due to a decrease in provision for allowance for credit losses. Net gains on equity securities increased 8.2 billion yen from the previous fiscal year, driven by a progress in sales of equity holdings. Other non-recurring losses decreased 171.1 billion yen from the previous fiscal year, mostly due to an elimination of provision for repayment of excess interest of credit card/loan businesses which was occurred in the previous fiscal year.

As a result, ordinary profits for the fiscal year ended March 31, 2018 were 1,462.4 billion yen, an increase of 101.6 billion yen from the previous fiscal year, and profits attributable to owners of parent for the fiscal year ended March 31, 2018 was 989.6 billion yen, an increase of 63.2 billion yen from the previous fiscal year.

 

(in billions of Japanese yen)    For the fiscal year
ended

March 31, 2018
    For the fiscal year
ended

March 31, 2017
    Increase
(Decrease)
 

Gross profits
before credit costs for trust accounts

     3,854.2       4,011.8       (157.5

General and administrative expenses

     2,621.4       2,593.5       27.8  

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

     1,232.8       1,418.2       (185.4

Total credit costs

     (46.1     (155.3     109.2  

Net gains (losses) on equity securities

     133.1       124.9       8.2  

Profits (losses) from investments in affiliates

     242.8       244.4       (1.5

Other non-recurring gains (losses)

     (100.3     (271.4     171.1  

Ordinary profits

     1,462.4       1,360.7       101.6  

Net extraordinary gains (losses)

     (53.0     (57.5     4.4  

Total taxes

     313.4       342.1       (28.7

Profits attributable to non-controlling interests

     106.2       34.6       71.6  

Profits attributable to owners of parent

     989.6       926.4       63.2  

(2)   Analysis of financial condition

Total assets as of March 31, 2018 increased 3,639.9 billion yen from March 31, 2017 to 306,937.4 billion yen, and total net assets as of March 31, 2018 increased 636.6 billion yen from March 31, 2017 to 17,295.0 billion yen. The increase in total net assets was mainly due to increases in retained earnings and net unrealized gains on available-for-sale securities.

With regard to major items of assets, loans and bills discounted as of March 31, 2018 decreased 914.2 billion yen from March 31, 2017 to 108,090.9 billion yen and securities as of March 31, 2018 decreased 172.7 billion yen from March 31, 2017 to 59,266.1 billion yen. With regard to major items of liabilities, deposits as of March 31, 2018 increased 6,582.0 billion yen from March 31, 2017 to 177,312.3 billion yen.

2.   Basic Views on Selection of Accounting Standards

MUFG group, currently adopting Japanese GAAP, is preparing for its future adoption of IFRS by considering the development of its infrastructures and organizations within the group, and the timing of adoption.

 

3


Mitsubishi UFJ Financial Group, Inc.

 

3. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

 

(in millions of yen)    As of
    March 31, 2017    
    As of
    March 31, 2018    
 

Assets:

    

Cash and due from banks

     63,525,940       74,713,689  

Call loans and bills bought

     649,147       482,285  

Receivables under resale agreements

     8,066,973       5,945,875  

Receivables under securities borrowing transactions

     11,002,723       9,266,996  

Monetary claims bought

     4,707,868       5,529,619  

Trading assets

     21,046,367       15,247,156  

Money held in trust

     806,881       943,153  

Securities

     59,438,897       59,266,170  

Loans and bills discounted

     109,005,231       108,090,994  

Foreign exchanges

     2,083,530       2,942,499  

Other assets

     11,554,699       12,176,023  

Tangible fixed assets

     1,358,905       1,369,977  

Buildings

     341,131       302,981  

Land

     720,132       697,105  

Lease assets

     10,164       12,357  

Construction in progress

     46,373       119,195  

Other tangible fixed assets

     241,104       238,337  

Intangible fixed assets

     1,257,876       1,246,676  

Software

     567,753       532,285  

Goodwill

     267,389       258,417  

Lease assets

     446       351  

Other intangible fixed assets

     422,287       455,622  

Net defined benefit assets

     601,377       874,106  

Deferred tax assets

     126,231       89,172  

Customers’ liabilities for acceptances and guarantees

     9,022,130       9,560,158  

Allowance for credit losses

     (957,350     (807,139
  

 

 

   

 

 

 

Total assets

     303,297,433       306,937,415  
  

 

 

   

 

 

 

 

4


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
    March 31, 2017    
    As of
    March 31, 2018    
 

Liabilities:

    

Deposits

     170,730,221       177,312,310  

Negotiable certificates of deposit

     11,341,571       9,854,742  

Call money and bills sold

     1,973,569       2,461,088  

Payables under repurchase agreements

     17,636,962       18,088,513  

Payables under securities lending transactions

     5,538,739       8,156,582  

Commercial papers

     2,307,222       2,181,995  

Trading liabilities

     17,700,617       10,898,924  

Borrowed money

     16,971,085       16,399,502  

Foreign exchanges

     1,970,980       2,037,524  

Short-term bonds payable

     847,999       847,299  

Bonds payable

     9,893,687       10,706,252  

Due to trust accounts

     9,893,881       10,382,479  

Other liabilities

     9,382,992       9,270,887  

Reserve for bonuses

     81,012       86,581  

Reserve for bonuses to directors

     598       620  

Reserve for stocks payment

     10,400       11,607  

Net defined benefit liabilities

     59,045       59,033  

Reserve for retirement benefits to directors

     1,128       1,088  

Reserve for loyalty award credits

     16,689       17,836  

Reserve for contingent losses

     384,868       318,002  

Reserves under special laws

     4,075       4,319  

Deferred tax liabilities

     745,073       867,919  

Deferred tax liabilities for land revaluation

     124,483       117,104  

Acceptances and guarantees

     9,022,130       9,560,158  
  

 

 

   

 

 

 

Total liabilities

     286,639,039       289,642,377  
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     2,141,513       2,141,513  

Capital surplus

     1,412,087       1,196,803  

Retained earnings

     9,278,546       10,064,649  

Treasury stock

     (513,260     (522,158
  

 

 

   

 

 

 

Total shareholders’ equity

     12,318,885       12,880,807  
  

 

 

   

 

 

 

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

     2,184,597       2,388,234  

Net deferred gains (losses) on hedging instruments

     125,684       59,360  

Land revaluation excess

     173,723       170,239  

Foreign currency translation adjustments

     558,339       499,557  

Remeasurements of defined benefit plans

     (65,098     62,182  

Debt value adjustments of foreign subsidiaries and affiliates

     (15,863     (35,743
  

 

 

   

 

 

 

Total accumulated other comprehensive income

     2,961,382       3,143,832  
  

 

 

   

 

 

 

Subscription rights to shares

     407       274  

Non-controlling interests

     1,377,719       1,270,123  
  

 

 

   

 

 

 

Total net assets

     16,658,394       17,295,037  
  

 

 

   

 

 

 

Total liabilities and net assets

     303,297,433       306,937,415  
  

 

 

   

 

 

 

 

5


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 fiscal year
ended
    March 31, 2017    
    For the fiscal year
ended
    March 31, 2018    
 

Ordinary income

     5,979,568        6,068,061   

Interest income

     2,888,134       3,094,990  

Interest on loans and bills discounted

     1,862,089       2,033,891  

Interest and dividends on securities

     675,434       578,247  

Interest on call loans and bills bought

     10,523       10,776  

Interest on receivables under resale agreements

     46,831       60,590  

Interest on receivables under securities borrowing transactions

     6,246       12,209  

Interest on deposits

     79,746       123,591  

Other interest income

     207,261       275,682  

Trust fees

     122,050       122,533  

Fees and commissions

     1,531,974       1,549,993  

Trading income

     292,761       293,494  

Other operating income

     575,937       371,477  

Other ordinary income

     568,709       635,572  

Reversal of allowance for credit losses

     —         60,200  

Gains on loans written-off

     64,487       78,880  

Others

     504,221       496,491  

Ordinary expenses

     4,618,801       4,605,643  

Interest expenses

     863,677       1,188,223  

Interest on deposits

     296,574       413,807  

Interest on negotiable certificates of deposit

     65,008       90,019  

Interest on call money and bills sold

     2,043       4,859  

Interest on payables under repurchase agreements

     81,400       142,829  

Interest on payables under securities lending transactions

     2,104       2,611  

Interest on commercial papers

     15,172       28,190  

Interest on borrowed money

     34,140       38,788  

Interest on short-term bonds payable

     22       2  

Interest on bonds payable

     171,514       195,064  

Other interest expenses

     195,695       272,050  

Fees and commissions

     203,484       222,795  

Trading expenses

     2,725       1,021  

Other operating expenses

     329,193       166,281  

General and administrative expenses

     2,663,503       2,693,315  

Other ordinary expenses

     556,217       334,006  

Provision for allowance for credit losses

     30,342       —    

Others

     525,875       334,006  
  

 

 

   

 

 

 

Ordinary profits

     1,360,767       1,462,418  
  

 

 

   

 

 

 

 

6


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    For the fiscal year
ended
    March 31, 2017    
    For the fiscal year
ended
    March 31, 2018    
 

Extraordinary gains

     17,620        54,993   

Gains on disposition of fixed assets

     17,463       6,297  

Reversal of reserve for contingent liabilities from financial  instruments transactions

     156       —    

Gains on exchange of shares of affiliates

     —         48,695  

Extraordinary losses

     75,159       108,034  

Losses on disposition of fixed assets

     9,263       12,097  

Losses on impairment of fixed assets

     10,162       76,122  

Provision for reserve for contingent liabilities from financial instruments transactions

     —         244  

Losses on change in equity

     45,654       19,569  

Losses on liquidation of equity securities of subsidiaries

     5,313       —    

Losses on exchange of shares of affiliates

     4,538       —    

Losses on sales of equity securities of subsidiaries

     226       —    
  

 

 

   

 

 

 

Profits before income taxes

     1,303,228       1,409,377  
  

 

 

   

 

 

 

Income taxes-current

     319,060       300,032  

Income taxes-deferred

     23,116       13,404  
  

 

 

   

 

 

 

Total taxes

     342,177       313,436  
  

 

 

   

 

 

 

Profits

           961,050              1,095,940  
  

 

 

   

 

 

 

Profits attributable to non-controlling interests

     34,609       106,276  
  

 

 

   

 

 

 

Profits attributable to owners of parent

     926,440       989,664  
  

 

 

   

 

 

 

 

7


Mitsubishi UFJ Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

(in millions of yen)    For the fiscal year
ended
    March 31, 2017    
    For the fiscal year
ended
    March 31, 2018    
 

Profits

     961,050       1,095,940  

Other comprehensive income

    

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

     (278,689     208,021  

Net deferred gains (losses) on hedging instruments

     (212,449     (65,001

Land revaluation excess

     (21     (57

Foreign currency translation adjustments

     (145,331     (22,627

Remeasurements of defined benefit plans

     134,560       145,534  

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

     (128,510     (30,919
  

 

 

   

 

 

 

Total other comprehensive income

     (630,441     234,950  
  

 

 

   

 

 

 

Comprehensive income

     330,609       1,330,891  
  

 

 

   

 

 

 

(Comprehensive income attributable to)

    

Comprehensive income attributable to owners of parent

            303,054              1,209,604  

Comprehensive income attributable to non-controlling interests

     27,554       121,287  

 

8


Mitsubishi UFJ Financial Group, Inc.

 

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2017

 

    (in millions of yen)  
    Shareholders’ equity     Accumulated other
comprehensive income
 
    Capital
stock
    Capital
surplus
    Retained
earnings
    Treasury
stock
    Total
shareholders’
equity
    Net
unrealized
gains
(losses) on
available-
for-sale
securities
    Net
deferred
gains
(losses) on
hedging
instruments
 

Balance at the beginning of the period

    2,141,513       1,425,637       8,587,578       (298,922     11,855,806       2,486,627       337,297  

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates

        8,464         8,464      

Restated balance

    2,141,513       1,425,637       8,596,043       (298,922     11,864,271       2,486,627       337,297  

Changes during the period

             

Cash dividends

        (246,557       (246,557    

Profits attributable to owners of parent

        926,440         926,440      

Repurchase of treasury stock

          (217,688     (217,688    

Disposal of treasury stock

      (936       3,350       2,414      

Reversal of land revaluation excess

        2,619         2,619      

Changes in subsidiaries’ equity

      (12,614         (12,614    

Net changes of items other than shareholders’ equity

              (302,029     (211,612
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    —         (13,550     682,503       (214,337     454,614       (302,029     (211,612
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    2,141,513       1,412,087       9,278,546       (513,260     12,318,885       2,184,597       125,684  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    (in millions of yen)  
    Accumulated other comprehensive income                    
    Land
revaluation
excess
    Foreign
currency
translation
adjustments
    Remeasurements
of defined
benefit plans
    Debt value
adjustments
of foreign
subsidiaries
and
affiliates
    Total
accumulated
other
comprehensive
income
    Subscription
rights to
shares
    Non-
controlling
interests
    Total net
assets
 

Balance at the beginning of the period

    176,364       791,401       (189,526     —         3,602,163       8,260       1,920,538       17,386,769  

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates

          (8,464     (8,464         —    

Restated balance

    176,364       791,401       (189,526     (8,464     3,593,699       8,260       1,920,538       17,386,769  

Changes during the period

               

Cash dividends

                  (246,557

Profits attributable to owners of parent

                  926,440  

Repurchase of treasury stock

                  (217,688

Disposal of treasury stock

                  2,414  

Reversal of land revaluation excess

                  2,619  

Changes in subsidiaries’ equity

                  (12,614

Net changes of items other than shareholders equity

    (2,641     (233,062     124,427       (7,399     (632,317     (7,853     (542,819     (1,182,989
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    (2,641     (233,062     124,427       (7,399     (632,317     (7,853     (542,819     (728,375
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    173,723       558,339       (65,098     (15,863     2,961,382       407       1,377,719       16,658,394  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

9


Mitsubishi UFJ Financial Group, Inc.

 

For the fiscal year ended March 31, 2018

 

     (in millions of yen)  
     Shareholders’ equity     Accumulated other
comprehensive income
 
     Capital
stock
     Capital
surplus
    Retained
earnings
    Treasury
stock
    Total
shareholders’
equity
    Net
unrealized
gains
(losses) on
available-
for- sale
securities
     Net
deferred
gains
(losses) on
hedging
instruments
 

Balance at the beginning of the period

     2,141,513        1,412,087       9,278,546       (513,260     12,318,885       2,184,597        125,684  

Changes during the period

                

Cash dividends

          (241,050       (241,050     

Profits attributable to owners of parent

          989,664         989,664       

Repurchase of treasury stock

            (201,051     (201,051     

Disposal of treasury stock

        (10       2,098       2,088       

Retirement of treasury stock

        (190,054       190,054       —         

Reversal of land revaluation excess

          3,426         3,426       

Changes in subsidiaries’ equity

        (25,218         (25,218     

Effects due to revision of accounting standards for foreign subsidiaries and affiliates

          34,063         34,063       

Net changes of items other than shareholders’ equity

                203,637        (66,324
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Total changes during the period

     —          (215,283     786,103       (8,898     561,921       203,637        (66,324
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Balance at the end of the period

     2,141,513        1,196,803       10,064,649       (522,158     12,880,807       2,388,234        59,360  
    (in millions of yen)  
    Accumulated other comprehensive income                    
    Land
revaluation
excess
    Foreign
currency
translation
adjustments
    Remeasurements
of defined
benefit plans
    Debt value
adjustments
of foreign
subsidiaries
and
affiliates
    Total
accumulated
other
comprehensive
income
    Subscription
rights to
shares
    Non-
controlling
interests
    Total net
assets
 

Balance at the beginning of the period

    173,723       558,339       (65,098     (15,863     2,961,382       407       1,377,719       16,658,394  

Changes during the period

               

Cash dividends

                  (241,050

Profits attributable to owners of parent

                  989,664  

Repurchase of treasury stock

                  (201,051

Disposal of treasury stock

                  2,088  

Retirement of treasury stock

                  —    

Reversal of land revaluation excess

                  3,426  

Changes in subsidiaries’ equity

                  (25,218

Effects due to revision of accounting standards for foreign subsidiaries and affiliates

                  34,063  

Net changes of items other than shareholders’ equity

    (3,483     (58,781     127,281       (19,879     182,449       (132     (107,595     74,721  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    (3,483     (58,781     127,281       (19,879     182,449       (132     (107,595     636,643  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    170,239       499,557       62,182       (35,743     3,143,832                   274       1,270,123       17,295,037  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

10


Mitsubishi UFJ Financial Group, Inc.

 

(4) Consolidated Statements of Cash Flows

 

(in millions of yen)        For the fiscal year    
ended
March 31, 2017
        For the fiscal year    
ended
March 31, 2018
 

Cash flows from operating activities:

    

Profits before income taxes

     1,303,228       1,409,377  

Depreciation and amortization

     316,411       321,207  

Impairment losses

     10,162       76,122  

Amortization of goodwill

     16,737       17,603  

Equity in losses (gains) of equity method investees

     (244,453     (242,885

Increase (decrease) in allowance for credit losses

     (92,783     (155,657

Increase (decrease) in reserve for bonuses

     (285     4,759  

Increase (decrease) in reserve for bonuses to directors

     202       21  

Increase (decrease) in reserve for stocks payment

     10,400       1,206  

Decrease (increase) in net defined benefit assets

     (92,720     (123,708

Increase (decrease) in net defined benefit liabilities

     1,652       (260

Increase (decrease) in reserve for retirement benefits to directors

     14       (40

Increase (decrease) in reserve for loyalty award credits

     959       600  

Increase (decrease) in reserve for contingent losses

     175,716       (66,513

Interest income recognized on statement of income

     (2,888,134     (3,094,990

Interest expenses recognized on statement of income

     863,677       1,188,223  

Losses (gains) on securities

     (181,811     (188,581

Losses (gains) on money held in trust

     8,771       450  

Foreign exchange losses (gains)

     459,763       417,825  

Losses (gains) on sales of fixed assets

     (8,200     5,800  

Net decrease (increase) in trading assets

     (1,737,675     6,172,302  

Net increase (decrease) in trading liabilities

     1,448,201       (7,200,920

Net decrease (increase) in unsettled trading accounts

     (50,814     (60,914

Net decrease (increase) in loans and bills discounted

     4,065,265       962,022  

Net increase (decrease) in deposits

     10,427,476       6,551,091  

Net increase (decrease) in negotiable certificates of deposit

     (242,013     (1,483,766

Net increase (decrease) in borrowed money (excluding subordinated borrowings)

     4,551,643       (429,679

Net decrease (increase) in due from banks (excluding cash equivalents)

     802,579       (5,220,840

Net decrease (increase) in call loans and bills bought and others

     (1,413,158     2,362,074  

Net decrease (increase) in receivables under securities borrowing transactions

     (5,203,785     1,786,118  

Net increase (decrease) in call money and bills sold and others

     (3,999,428     631,521  

Net increase (decrease) in commercial papers

     33,847       (128,226

Net increase (decrease) in payables under securities lending transactions

     850,842       2,612,538  

Net decrease (increase) in foreign exchanges (assets)

     (302,389     (844,857

Net increase (decrease) in foreign exchanges (liabilities)

     (81,641     64,974  

Net increase (decrease) in short-term bonds payable

     95,507       (699

Net increase (decrease) in issuance and redemption of unsubordinated bonds payable

     422,720       188,578  

Net increase (decrease) in due to trust accounts

     (3,402,151     488,598  

Interest income (cash basis)

     3,023,722       3,181,494  

Interest expenses (cash basis)

     (847,418     (1,170,125

Others

     (684,097     (809,354
  

 

 

   

 

 

 

Sub-total

     7,416,541       7,222,489  
  

 

 

   

 

 

 

Income taxes

     (427,841     (250,661

Refund of income taxes

     24,364       32,370  
  

 

 

   

 

 

 

Net cash provided by (used in) operating activities

     7,013,064       7,004,197  
  

 

 

   

 

 

 

 

11


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)        For the fiscal year    
ended
March 31, 2017
        For the fiscal year    
ended
March 31, 2018
 

Cash flows from investing activities:

    

Purchases of securities

     (56,618,395     (72,969,164

Proceeds from sales of securities

     39,602,665       33,353,855  

Proceeds from redemption of securities

     26,428,256       39,501,328  

Payments for increase in money held in trust

     (763,127     (540,772

Proceeds from decrease in money held in trust

     615,931       401,831  

Purchases of tangible fixed assets

     (121,733     (159,814

Purchases of intangible fixed assets

     (249,744     (247,378

Proceeds from sales of tangible fixed assets

     31,815       11,790  

Proceeds from sales of intangible fixed assets

     2,890       700  

Payments for transfer of business

     —         (7,060

Payments for acquisition of subsidiaries’ equity affecting the scope of consolidation

     (21,954     (20

Proceeds from sales of subsidiaries’ equity affecting the scope of consolidation

     2,761       —    

Others

     (1,815     (2,172
  

 

 

   

 

 

 

Net cash provided by (used in) investing activities

     8,907,549       (656,875
  

 

 

   

 

 

 

Cash flows from financing activities:

    

Proceeds from subordinated borrowings

     31,000       39,500  

Repayments of subordinated borrowings redemption

     (50,592     (245,328

Proceeds from issuance of subordinated bonds payable and bonds with warrants

     837,401       863,460  

Payments for redemption of subordinated bonds payable and bonds with warrants

     (476,943     (256,196

Proceeds from issuance of common stock to non-controlling shareholders

     1,195       2,196  

Repayments to non-controlling shareholders

     (854     (16

Payments for redemption of preferred securities

     (468,956     (150,000

Dividends paid by MUFG

     (246,563     (241,067

Dividends paid by subsidiaries to non-controlling shareholders

     (77,008     (53,896

Purchases of treasury stock

     (217,666     (201,050

Proceeds from sales of treasury stock

     3       2,225  

Payments for purchases of subsidiaries’ equity not affecting the scope of consolidation

     (1,612     (50,364

Proceeds from sales of subsidiaries’ equity not affecting the scope of consolidation

     0       0  

Others

     4       0  
  

 

 

   

 

 

 

Net cash provided by (used in) financing activities

     (670,592     (290,538
  

 

 

   

 

 

 

Effect of foreign exchange rate changes on cash and cash equivalents

     (45,486     (80,462
  

 

 

   

 

 

 

Net increase (decrease) in cash and cash equivalents

     15,204,534       5,976,322  
  

 

 

   

 

 

 

Cash and cash equivalents at the beginning of the period

     18,763,856       33,968,391  
  

 

 

   

 

 

 

Cash and cash equivalents at the end of the period

     33,968,391       39,944,713  
  

 

 

   

 

 

 

 

12


Mitsubishi UFJ Financial Group, Inc.

 

Notes to the Consolidated Financial Statements

(Notes on Going-Concern Assumption)

None.

(Segment Information)

 

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

For the Fiscal Year Ended March 31, 2018

 

    (in millions of yen)  
    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

    1,226,863       1,003,169       1,279,564       186,670        3,514,831        477,154        (24,778      3,967,207  

Operating expenses

    960,746       580,703       857,283       116,862        2,363,839        222,642        156,668        2,743,150  

Operating profit (loss)

    266,116       422,466       422,281       69,808        1,150,991        254,511        (181,446      1,224,056  

(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. Assets and liabilities of each reporting segment are not reported since MUFG does not allocate assets and liabilities among the segments for internal management purposes.

 

  5. “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: ¥181,436 million of net revenue, ¥151,755 million of operating expenses and ¥29,680 million of operating profit. Adjustments have been made by deducting these amounts from the Total of Customer Business.

 

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 twelve-month period

 

operating profit

   For the fiscal year ended
March 31,2018
 

Total operating profit of reporting segments

     1,224,056  

Operating profit of consolidated subsidiaries excluded from reporting segments

     24,575  

Credit related expenses

     (185,191

Gains on reversal of allowance for credit losses

     60,200  

Gains on loans written-off

     78,880  

Net gains on equity securities and other securities

     133,178  

Equity in gains of the equity method investees

     242,885  

Others

     (116,165

Ordinary profit in the consolidated statements of income

     1,462,418  

 

13


Mitsubishi UFJ Financial Group, Inc.

 

(Per Share Information)

 

     For the fiscal year ended
March 31, 2018
 

Total equity per common share

     ¥1,217.41  

Basic earnings per common share

     ¥74.55  

Diluted earnings per common share

     ¥74.28  

(Notes)

 

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

 

           

For the fiscal year ended
March 31, 2018

Basic earnings per common share

     

Profits attributable to owners of parent

     million yen      989,664 

Profits not attributable to common shareholders

     million yen     

—   

Profits attributable to common shareholders of parent

     million yen     

989,664 

Average number of common shares during the period

     thousand shares     

13,274,746 

Diluted earnings per common share

     

Adjustment to profits attributable to owners of parent

     million yen      (3,451)

Adjustment related to dilutive shares of consolidated subsidiaries and others

     million yen      (3,451)

Increase in common shares

     thousand shares      631 

Subscription rights to shares

     thousand shares      631 

Description of antidilutive securities which were not included in the calculation of diluted earnings per share

     

Share subscription rights issued by equity method affiliates:

Morgan Stanley
Stock options
and others

- 0 million units as of December 31, 2017

 

2. The bases for the calculation of total equity per common share for the period indicated were as follows:

 

         

As of March 31, 2018

Total equity

   million yen    17,295,037 

Deductions from total equity:

   million yen    1,270,398 

Subscription rights to shares

   million yen    274 

Non-controlling interests

   million yen    1,270,123 

Total equity attributable to common shares

   million yen    16,024,639 

Number of common shares at period end used for the calculation of total equity per common share

   thousand shares    13,162,889 

 

14


 

 

Selected Financial Information

under Japanese GAAP

For the Fiscal Year Ended March 31, 2018

 

 

 

 

 

 

 

 

 

Mitsubishi UFJ Financial Group, Inc.

    LOGO           


Mitsubishi UFJ Financial Group, Inc.

[Contents]       

 

1. Financial Results

 

[ MUFG Consolidated ]*1[ BK and TB Combined ]*2*3*4

[ BK Consolidated ][ BK Non-consolidated ]

[ TB Consolidated ][ TB Non-consolidated ]

    1  

2. Average Interest Rate Spread

 

[ BK Non-consolidated ][ TB Non-consolidated ]

[ BK and TB Combined ]

    7  

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

 

[ MUFG Consolidated ][ BK Consolidated ]

[ TB Consolidated ]

    8  

4. Securities

 

[ MUFG Consolidated ]

[ BK Non-consolidated ][ TB Non-consolidated ]

    9  

5. ROE

  [ MUFG Consolidated ]     12  

6. Risk-Adjusted Capital Ratio

 

[ MUFG Consolidated ][ BK Consolidated ][ TB Consolidated ]

[ BK Non-consolidated ][ TB Non-consolidated ]

    13  

7. Risk-Monitored Loans

 

[ MUFG Consolidated ]

[ BK Non-consolidated ][ TB Non-consolidated ]

[ TB Non-consolidated : Trust Account ]

    14  

8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)

 

[ BK and TB Combined including Trust Account ]

[ BK Non-consolidated ][ TB Non-consolidated ]

[ TB Non-consolidated : Trust Account ]

    18  

9. Progress in Disposition of Problem Assets

 

[ BK Non-consolidated ]

[ TB Non-consolidated including Trust Account ]

    23  

10. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

[ BK and TB Combined including Trust Accounts ]

[ BK Non-consolidated ][ TB Non-consolidated ]

[ TB Non-consolidated : Trust Accounts ]

    25  

11. Overseas Loans

  [ BK and TB Combined ]     29  

12. Loans and Deposits

 

[ BK and TB Combined ]

[ BK Non-consolidated ][ TB Non-consolidated ]

    30  

13. Domestic Deposits

 

[ BK and TB Combined ]

[ BK Non-consolidated ][ TB Non-consolidated ]

    31  

14. Status of Deferred Tax Assets

  [ BK Non-consolidated ][ TB Non-consolidated ]     32  

15. Retirement Benefits

 

[ MUFG Consolidated ]

[ BK Non-consolidated ][ TB Non-consolidated ]

    34  

(References)

   

1. Financial Statements

  [ BK Non-consolidated ][ TB Non-consolidated ]     37  

 

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

The Bank of Tokyo-Mitsubishi UFJ, Ltd. changed its name to MUFG Bank, Ltd. as of April 1, 2018.


Mitsubishi UFJ Financial Group, Inc.

 

1. Financial Results

MUFG Consolidated

 

     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2018
(A)
    March 31, 2017
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     3,854,231       4,011,809       (157,577

Gross profits before credit costs for trust accounts

     3,854,231       4,011,808       (157,576

Net interest income

     1,906,831       2,024,487       (117,656

Trust fees

     122,533       122,050       483  

Credit costs for trust accounts (1)

     —         0       (0

Net fees and commissions

     1,327,198       1,328,490       (1,292

Net trading profits

     292,472       290,035       2,436  

Net other operating profits

     205,195       246,744       (41,548

Net gains (losses) on debt securities

     6,707       56,871       (50,163

General and administrative expenses

     2,621,431       2,593,576       27,854  

Amortization of goodwill

     17,603       16,737       866  

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

     1,250,403       1,434,969       (184,565

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

     1,232,800       1,418,231       (185,431

Provision for general allowance for credit losses (2)

     —         (210,257     210,257  

Net operating profits*

     1,232,800       1,207,974       24,825  

Net non-recurring gains (losses)

     229,618       152,793       76,825  

Credit costs (3)

     (185,191     (9,606     (175,585

Losses on loan write-offs

     (161,192     (136,423     (24,769

Provision for specific allowance for credit losses

     —         181,550       (181,550

Other credit costs

     (23,998     (54,733     30,734  

Reversal of allowance for credit losses (4)

     60,200       —         60,200  

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

     —         —         —    

Gains on loans written-off (6)

     78,880       64,487       14,392  

Net gains (losses) on equity securities

     133,178       124,940       8,238  

Gains on sales of equity securities

     174,633       171,875       2,757  

Losses on sales of equity securities

     (34,446     (44,378     9,931  

Losses on write-down of equity securities

     (7,008     (2,557     (4,450

Profits (losses) from investments in affiliates

     242,885       244,453       (1,567

Other non-recurring gains (losses)

     (100,334     (271,481     171,147  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     1,462,418       1,360,767       101,651  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (53,041     (57,539     4,498  

Losses on impairment of fixed assets

     (76,122     (10,162     (65,960

Losses on change in equity

     (19,569     (45,654     26,084  

Gains on exchange of shares of affiliates

     48,695       —         48,695  

Profits before income taxes

     1,409,377       1,303,228       106,149  

Income taxes-current

     300,032       319,060       (19,028

Income taxes-deferred

     13,404       23,116       (9,712

Total taxes

     313,436       342,177       (28,740

Profits

     1,095,940       961,050       134,890  

Profits attributable to non-controlling interests

     106,276       34,609       71,666  
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     989,664       926,440       63,223  
  

 

 

   

 

 

   

 

 

 

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)

     (46,110     (155,376     109,265  

Number of consolidated subsidiaries

     209       213       (4

Number of affiliated companies accounted for under the equity method

     56       58       (2

 

1


Mitsubishi UFJ Financial Group, Inc.

 

BK and TB Combined

 

     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2018
(A)
    March 31, 2017
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     2,029,854       2,190,471       (160,617

Gross profits before credit costs for trust accounts

     2,029,854       2,190,471       (160,616

Domestic gross profits

     1,121,090       1,280,884       (159,794

Net interest income

     560,740       684,142       (123,401

Trust fees

     96,401       94,645       1,756  

Credit costs for trust accounts (1)

     —         0       (0

Net fees and commissions

     375,606       387,166       (11,560

Net trading profits

     (3,192     13,015       (16,207

Net other operating profits

     91,534       101,914       (10,379

Net gains (losses) on debt securities

     75,586       78,072       (2,486

Non-domestic gross profits

     908,764       909,587       (823

Net interest income

     558,987       537,616       21,371  

Net fees and commissions

     195,172       206,762       (11,589

Net trading profits

     82,282       96,227       (13,945

Net other operating profits

     72,321       68,981       3,340  

Net gains (losses) on debt securities

     (69,580     (33,191     (36,389

General and administrative expenses

     1,313,296       1,342,025       (28,728

Personnel expenses

     473,814       480,593       (6,779

Non-personnel expenses

     770,626       785,425       (14,798

Taxes

     68,855       76,006       (7,151

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

     716,557       848,445       (131,888

Provision for general allowance for credit losses (2)

     —         (32,040     32,040  

Net operating profits

     716,557       816,405       (99,847

Net non-recurring gains (losses)

     126,627       (19,711     146,339  

Credit costs (3)

     (74,138     (83,298     9,160  

Losses on loan write-offs

     (49,908     (36,428     (13,479

Provision for specific allowance for credit losses

     —         8,430       (8,430

Other credit costs

     (24,230     (55,300     31,070  

Reversal of allowance for credit losses (4)

     127,343       45,784       81,559  

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

     561       607       (45

Gains on loans written-off (6)

     25,779       20,982       4,797  

Net gains (losses) on equity securities

     120,684       112,151       8,532  

Gains on sales of equity securities

     163,036       160,452       2,583  

Losses on sales of equity securities

     (36,618     (46,665     10,046  

Losses on write-down of equity securities

     (5,733     (1,635     (4,098

Other non-recurring gains (losses)

     (73,603     (115,938     42,334  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     843,185       796,694       46,491  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (13,327     (8,104     (5,222

Net gains (losses) on disposition of fixed assets

     (6,861     2,261       (9,123

Losses on impairment of fixed assets

     (59,277     (4,237     (55,039

Gains on exchange of shares of affiliates

     52,811       —         52,811  

Losses on liquidation of equity securities of subsidiaries

     —         (7,941     7,941  

Gains on sales of equity securities of subsidiaries

     —         2,600       (2,600

Income before income taxes

     829,858       788,589       41,268  

Income taxes-current

     189,205       214,422       (25,216

Income taxes-deferred

     16,186       (27,543     43,730  

Total taxes

     205,392       186,878       18,513  
  

 

 

   

 

 

   

 

 

 

Net income

     624,465       601,710       22,754  
  

 

 

   

 

 

   

 

 

 

(Reference)

      

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

     79,546       (47,964     127,511  

 

2


Mitsubishi UFJ Financial Group, Inc.

 

BK Consolidated

 

     (in millions of yen)  
     For the fiscal year ended     Increase
(Decrease)

(A) - (B)
 
     March 31, 2018
(A)
    March 31, 2017
(B)
   

Gross profits

     2,625,973       2,771,308       (145,335

Net interest income

     1,586,230       1,712,876       (126,646

Trust fees

     13,652       13,865       (213

Net fees and commissions

     723,163       729,808       (6,645

Net trading profits

     82,988       106,750       (23,762

Net other operating profits

     219,939       208,006       11,932  

Net gains (losses) on debt securities

     13,726       44,866       (31,140

General and administrative expenses

     1,778,650       1,743,554       35,095  

Amortization of goodwill

     16,368       15,498       870  

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

     863,691       1,043,252       (179,561

Net operating profits before provision for general allowance for credit losses

     847,322       1,027,753       (180,431

Provision for general allowance for credit losses (1)

     —         —         —    

Net operating profits*

     847,322       1,027,753       (180,431

Net non-recurring gains (losses)

     54,227       (35,698     89,925  

Credit costs (2)

     (103,268     (126,921     23,652  

Losses on loan write-offs

     (78,300     (71,520     (6,779

Provision for specific allowance for credit losses

     —         —         —    

Other credit costs

     (24,968     (55,400     30,432  

Reversal of allowance for credit losses (3)

     59,568       11,034       48,534  

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

     —         —         —    

Gains on loans written-off (5)

     58,357       44,186       14,171  

Net gains (losses) on equity securities

     92,093       96,094       (4,000

Gains on sales of equity securities

     133,289       142,947       (9,657

Losses on sales of equity securities

     (35,261     (44,792     9,530  

Losses on write-down of equity securities

     (5,934     (2,060     (3,873

Profits (losses) from investments in affiliates

     25,456       21,891       3,565  

Other non-recurring gains (losses)

     (77,979     (81,982     4,003  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     901,550       992,055       (90,505
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (57,898     (2,515     (55,383

Net gains (losses) on disposition of fixed assets

     (4,404     10,734       (15,139

Losses on impairment of fixed assets

     (53,493     (5,778     (47,714

Losses on liquidation of equity securities of subsidiaries

     —         (3,236     3,236  

Losses on exchange of shares of affiliates

     —         (4,007     4,007  

Profits before income taxes

     843,651       989,540       (145,888

Income taxes-current

     205,415       234,738       (29,323

Income taxes-deferred

     20,280       10,391       9,888  

Total taxes

     225,695       245,130       (19,435

Profits

     617,956       744,409       (126,453

Profits attributable to non-controlling interests

     42,695       54,480       (11,784
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     575,260       689,929       (114,669
  

 

 

   

 

 

   

 

 

 

Note:

      

* Net operating profits = Net operating profits of BK + 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)

     14,657       (71,700     86,357  

Number of consolidated subsidiaries

     126       127       (1

Number of affiliated companies accounted for under the equity method

     48       50       (2

 

3


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

 

     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2018
(A)
    March 31, 2017
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     1,673,145       1,808,757       (135,611

Domestic gross profits

     922,922       1,010,035       (87,113

Net interest income

     549,415       601,653       (52,238

Net fees and commissions

     274,537       285,755       (11,218

Net trading profits

     (59     19,401       (19,461

Net other operating profits

     99,029       103,224       (4,194

Net gains (losses) on debt securities

     72,886       85,973       (13,086

Non-domestic gross profits

     750,223       798,721       (48,498

Net interest income

     415,913       461,816       (45,903

Net fees and commissions

     191,384       202,267       (10,882

Net trading profits

     63,532       88,872       (25,340

Net other operating profits

     79,392       45,764       33,627  

Net gains (losses) on debt securities

     (60,358     (52,118     (8,239

General and administrative expenses

     1,118,781       1,141,768       (22,986

Personnel expenses

     403,022       404,345       (1,322

Non-personnel expenses

     657,928       672,758       (14,830

Amortization of goodwill

     346       359       (13

Taxes

     57,830       64,664       (6,834

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

     554,710       667,348       (112,638

Net operating profits before provision for general allowance for credit losses

     554,364       666,989       (112,624

Provision for general allowance for credit losses (1)

     —         —         —    

Net operating profits

     554,364       666,989       (112,624

Net non-recurring gains (losses)

     82,727       (34,783     117,510  

Credit costs (2)

     (69,947     (91,522     21,574  

Reversal of allowance for credit losses (3)

     101,178       45,784       55,394  

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

     —         —         —    

Gains on loans written-off (5)

     24,827       20,275       4,551  

Net gains (losses) on equity securities

     89,744       94,823       (5,079

Gains on sales of equity securities

     129,001       140,261       (11,260

Losses on sales of equity securities

     (34,675     (44,045     9,370  

Losses on write-down of equity securities

     (4,581     (1,391     (3,189

Other non-recurring gains (losses)

     (63,075     (104,144     41,069  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     637,091       632,205       4,886  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (57,017     78       (57,096

Net gains (losses) on disposition of fixed assets

     (6,017     3,509       (9,527

Losses on impairment of fixed assets

     (51,000     (394     (50,606

Losses on liquidation of equity securities of subsidiaries

     —         (4,850     4,850  

Gains on sales of equity securities of subsidiaries

     —         2,600       (2,600

Income before income taxes

     580,073       632,284       (52,210

Income taxes-current

     146,632       170,663       (24,030

Refund of income taxes

     (17,311     (6,295     (11,015

Income taxes-deferred

     13,041       (13,539     26,580  

Total taxes

     142,362       150,828       (8,465
  

 

 

   

 

 

   

 

 

 

Net income

     437,710       481,455       (43,744
  

 

 

   

 

 

   

 

 

 

(Reference)

      

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

     56,058       (25,462     81,520  

Provision for general allowance for credit losses

     131,639       (157,631     289,270  

Provision for special allowance for credit losses

     (30,291     203,483       (233,774

Allowance for credit to specific foreign borrowers

     (170     (67     (102

Losses on loans write-off

     (45,325     (36,075     (9,249

Provision for contingent losses included in credit costs

     (11,285     (49,022     37,737  

Gains on loans written-off

     24,827       20,275       4,551  

Losses on sales of other loans, etc.

     (13,337     (6,424     (6,913

 

4


Mitsubishi UFJ Financial Group, Inc.

 

TB Consolidated

 

     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2018
(A)
    March 31, 2017
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     461,205       483,129       (21,924

Gross profits before credit costs for trust accounts

     461,205       483,129       (21,923

Trust fees

     109,377       108,418       958  

Trust fees before credit costs for trust accounts

     109,377       108,418       958  

Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)

     14,403       21,883       (7,480

Other trust fees

     94,973       86,534       8,438  

Credit costs for trust accounts (1)

     —         0       (0

Net interest income

     134,698       135,322       (624

Net fees and commissions

     204,410       205,398       (988

Net trading profits

     19,970       6,210       13,759  

Net other operating profits

     (7,250     27,778       (35,029

Net gains (losses) on debt securities

     (6,624     10,869       (17,494

General and administrative expenses

     286,067       289,854       (3,786

Amortization of goodwill

     1,231       1,235       (3

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

     176,369       194,510       (18,140

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

     175,138       193,275       (18,136

Provision for general allowance for credit losses (2)

     —         (32,039     32,039  

Net operating profits*

     175,138       161,236       13,902  

Net non-recurring gains (losses)

     45,482       18,143       27,339  

Credit costs (3)

     (4,229     8,252       (12,481

Losses on loan write-offs

     (4,621     (386     (4,234

Provision for specific allowance for credit losses

     —         8,497       (8,497

Other credit costs

     392       141       251  

Reversal of allowance for credit losses (4)

     26,254       —         26,254  

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

     555       646       (91

Gains on loans written-off (6)

     996       784       212  

Net gains (losses) on equity securities

     30,939       17,386       13,552  

Gains on sales of equity securities

     34,035       20,273       13,762  

Losses on sales of equity securities

     (1,943     (2,643     699  

Losses on write-down of equity securities

     (1,152     (243     (909

Profits (losses) from investments in affiliates

     4,283       4,248       34  

Other non-recurring gains (losses)

     (13,318     (13,175     (142
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     220,620       179,379       41,241  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     28,798       (7,707     36,506  

Net gains (losses) on disposition of fixed assets

     (473     (994     520  

Losses on impairment of fixed assets

     (19,423     (3,892     (15,530

Gains on exchange of shares of affiliates

     48,695       —         48,695  

Losses on liquidation of equity securities of subsidiaries

     —         (2,820     2,820  

Profits before income taxes

     249,419       171,671       77,747  

Income taxes-current

     70,439       61,085       9,354  

Income taxes-deferred

     1,069       (15,034     16,104  

Total taxes

     71,509       46,050       25,458  

Profits

     177,910       125,620       52,289  

Profits attributable to non-controlling interests

     9,707       11,311       (1,604
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     168,203       114,308       53,894  
  

 

 

   

 

 

   

 

 

 

Note:

      

* Net operating profits = Net operating profits of TB + 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)

     23,577       (22,355     45,933  

Number of consolidated subsidiaries

     49       51       (2

Number of affiliated companies accounted for under the equity method

     8       11       (3
TB Consolidated (combined operating results of TB and transferred entities to Intermediate Holding Company in the United States)  

In July 2016 and July 2017, to comply with the financial regulations in the United States, TB transferred the interests in its subsidiaries in the United States to the Intermediate Holding Company (“IHC”) in United States which are owned by BK and MUFG.

 

The combined operating results of TB and transferred entities are as follows (the operating results of transferred entities are prepared for managerial accounting purpose):

 

 

 

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

     175,489       193,396       (17,906

Profits attributable to owners of parent

     168,445       114,383       54,062  

Number of the entities transferred to IHC

     3       1       2  

 

5


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

 

     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2018
(A)
    March 31, 2017
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     356,708       381,714       (25,005

Gross profits before credit costs for trust accounts

     356,708       381,713       (25,005

Domestic gross profits

     198,167       270,848       (72,680

Trust fees

     96,401       94,645       1,756  

Trust fees before credit costs for trust accounts

     96,401       94,644       1,756  

Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)

     14,403       21,883       (7,480

Other trust fees

     81,997       72,760       9,236  

Credit costs for trust accounts (1)

     —         0       (0

Net interest income

     11,325       82,488       (71,163

Net fees and commissions

     101,069       101,411       (342

Net trading profits

     (3,132     (6,386     3,253  

Net other operating profits

     (7,495     (1,310     (6,185

Net gains (losses) on debt securities

     2,699       (7,900     10,600  

Non-domestic gross profits

     158,540       110,866       47,674  

Net interest income

     143,074       75,799       67,274  

Net fees and commissions

     3,787       4,495       (707

Net trading profits

     18,749       7,354       11,394  

Net other operating profits

     (7,070     23,216       (30,287

Net gains (losses) on debt securities

     (9,222     18,927       (28,150

General and administrative expenses

     194,515       200,257       (5,742

Personnel expenses

     70,791       76,248       (5,456

Non-personnel expenses

     112,698       112,666       31  

Taxes

     11,025       11,341       (316

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

     162,193       181,456       (19,263

Provision for general allowance for credit losses (2)

     —         (32,040     32,040  

Net operating profits

     162,193       149,416       12,776  

Net non-recurring gains (losses)

     43,900       15,072       28,828  

Credit costs (3)

     (4,190     8,223       (12,414

Reversal of allowance for credit losses (4)

     26,165       —         26,165  

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

     561       607       (45

Gains on loans written-off (6)

     952       706       245  

Net gains (losses) on equity securities

     30,939       17,327       13,611  

Gains on sales of equity securities

     34,035       20,191       13,844  

Losses on sales of equity securities

     (1,943     (2,620     676  

Losses on write-down of equity securities

     (1,152     (243     (909

Other non-recurring gains (losses)

     (10,527     (11,793     1,265  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     206,093       164,488       41,605  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     43,690       (8,183     51,874  

Net gains (losses) on disposition of fixed assets

     (843     (1,248     404  

Losses on impairment of fixed assets

     (8,276     (3,843     (4,433

Gains on exchange of shares of affiliates

     52,811       —         52,811  

Losses on liquidation of equity securities of subsidiaries

     —         (3,091     3,091  

Income before income taxes

     249,784       156,305       93,479  

Income taxes-current

     59,884       50,055       9,829  

Income taxes-deferred

     3,145       (14,004     17,149  

Total taxes

     63,030       36,050       26,979  
  

 

 

   

 

 

   

 

 

 

Net income

     186,754       120,254       66,499  
  

 

 

   

 

 

   

 

 

 

(Reference)

      

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

     23,488       (22,502     45,990  

Credit costs for trust accounts

     —         0       (0

Provision for general allowance for credit losses

     26,017       (32,040     58,058  

Provision for special allowance for credit losses

     145       8,430       (8,284

Allowance for credit to specific foreign borrowers

     1       (1     3  

Losses on loans write-offs

     (4,582     (352     (4,230

Provision for contingent losses included in credit costs

     561       607       (45

Gains on loans written-off

     952       706       245  

Losses on sales of other loans, etc.

     392       148       244  

 

6


Mitsubishi UFJ Financial Group, Inc.

 

2. Average Interest Rate Spread

BK Non-consolidated

 

     (percentage per annum)  
(Domestic business segment)    For the fiscal year
ended

March 31, 2018
(A)
    Increase
(Decrease)

(A) - (B)
    For the fiscal year
ended

March 31, 2017
(B)
 

Total average interest rate on interest-earning assets (a)

     0.51       (0.04     0.55  

Average interest rate on loans and bills discounted (b)

     0.88       0.00       0.87  

Average interest rate on securities

     0.56       (0.11     0.67  

Total average interest rate on interest-bearing liabilities (c)
<including general and administrative expenses>

     0.55       (0.06     0.61  

Average interest rate on deposits and NCD (d)

     0.00       (0.00     0.00  

Average interest rate on other liabilities

     0.20       (0.04     0.24  

Overall interest rate spread (a)-(c)

     (0.04     0.01       (0.05

Interest rate spread (b)-(d)

     0.88       0.01       0.87  

(After excluding loans to the Japanese government and governmental organizations)

      

Average interest rate on loans and bills discounted (e)

     0.94       (0.04     0.98  

Interest rate spread (e)-(d)

     0.93       (0.04     0.97  

TB Non-consolidated

      
     (percentage per annum)  
(Domestic business segment)    For the fiscal year
ended

March 31, 2018
(A)
    Increase
      (Decrease)      

(A) - (B)
    For the fiscal year
ended

March 31, 2017
(B)
 

Total average interest rate on interest-earning assets (a)

     0.17       (0.32     0.49  

Average interest rate on loans and bills discounted (b)

     0.44       (0.05     0.50  

Average interest rate on securities

     (0.28     (1.14     0.86  

Total average interest rate on interest-bearing liabilities (c)

     0.09       (0.03     0.12  

Average interest rate on deposits and NCD (d)

     0.06       (0.01     0.08  

Overall interest rate spread (a)-(c)

     0.07       (0.29     0.37  

Interest rate spread (b)-(d)

     0.38       (0.04     0.42  

(After excluding loans to the Japanese government and governmental organizations)

      

Average interest rate on loans and bills discounted (e)

     0.50       (0.04     0.54  

Interest rate spread (e)-(d)

     0.43       (0.02     0.45  

BK and TB Combined

      
     (percentage per annum)  
(Domestic business segment)    For the fiscal year
ended

March 31, 2018
(A)
    Increase
(Decrease)

(A) - (B)
    For the fiscal year
ended

March 31, 2017
(B)
 

Average interest rate on loans and bills discounted (a)

     0.80       (0.01     0.81  

Average interest rate on deposits and NCD (b)

     0.01       (0.00     0.01  

Interest rate spread (a)-(b)

     0.79       (0.00     0.79  

(After excluding loans to the Japanese government and governmental organizations)

      

Average interest rate on loans and bills discounted (c)

     0.86       (0.04     0.91  

Interest rate spread (c)-(b)

     0.85       (0.04     0.89  

 

7


Mitsubishi UFJ Financial Group, Inc.

 

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

MUFG Consolidated

 

     (in billions of yen)  
     As of March 31, 2018  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     691.6        5,114.1        13,597.4        19,403.2  

Receive-floater/pay-fix

     474.5        5,664.6        2,500.5        8,639.7  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,166.2        10,778.7        16,097.9        28,043.0  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

BK Consolidated

 

 

  
     (in billions of yen)  
     As of March 31, 2018  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     632.1        4,712.8        13,509.7        18,854.8  

Receive-floater/pay-fix

     15.2        3,906.2        680.7        4,602.3  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     647.4        8,619.1        14,190.5        23,457.2  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

TB Consolidated

 

 

  
     (in billions of yen)  
     As of March 31, 2018  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     59.5        401.2        87.7        548.4  

Receive-floater/pay-fix

     454.8        1,705.9        1,800.7        3,961.5  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     514.3        2,107.1        1,888.4        4,509.9  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

8


Mitsubishi UFJ Financial Group, Inc.

 

4. 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”.

Fair Value Information on Securities

 

     (in millions of yen)  
     As of March 31, 2018      As of March 31, 2017  
     Amount on
consolidated
balance sheet
     Differences     Gains      Losses      Amount on
consolidated
balance sheet
     Differences     Gains      Losses  

Debt securities being held to maturity

     3,593,058        37,990       55,058        17,068        3,560,825        50,325       62,484        12,158  

Domestic bonds

     1,100,828        40,211       40,211        —          1,100,955        43,114       43,114        —    

Government bonds

     1,100,828        40,211       40,211        —          1,100,955        43,114       43,114        —    

Municipal bonds

     —          —         —          —          —          —         —          —    

Corporate bonds

     —          —         —          —          —          —         —          —    

Other

     2,492,230        (2,221     14,847        17,068        2,459,870        7,211       19,369        12,158  

Foreign bonds

     1,120,883        (9,438     6,408        15,846        1,212,321        (1,719     10,253        11,973  

Other

     1,371,346        7,216       8,438        1,222        1,247,549        8,930       9,115        185  
     (in millions of yen)  
     As of March 31, 2018      As of March 31, 2017  
     Amount on
consolidated
balance sheet
     Differences     Gains      Losses      Amount on
consolidated
balance sheet
     Differences     Gains      Losses  

Available-for-sale securities

     55,397,324        3,517,412       3,922,054        404,642        54,813,148        3,139,063       3,433,950        294,887  

Domestic equity securities

     5,541,043        3,220,193       3,258,960        38,767        5,164,653        2,635,191       2,686,496        51,305  

Domestic bonds

     26,980,627        305,519       313,043        7,524        27,688,842        399,130       411,190        12,060  

Government bonds

     22,450,541        259,042       261,077        2,035        24,010,611        351,011       353,046        2,034  

Municipal bonds

     1,536,392        5,284       7,804        2,520        1,009,875        3,468       7,913        4,444  

Corporate bonds

     2,993,693        41,192       44,161        2,969        2,668,355        44,650       50,231        5,581  

Other

     22,875,652        (8,300     350,049        358,350        21,959,652        104,742       336,263        231,521  

Foreign equity securities

     334,540        35,975       78,677        42,702        182,802        49,875       59,492        9,616  

Foreign bonds

     17,448,342        (139,099     120,866        259,965        17,917,306        (8,487     154,280        162,768  

Other

     5,092,769        94,823       150,505        55,682        3,859,542        63,353       122,489        59,136  

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity

 

 

     (in millions of yen)  
     As of March 31, 2018      As of March 31, 2017  
     within
1 year
     1 year to
5 years
    5 years to
10 years
     over
10 years
     within
1 year
     1 year to
5 years
    5 years to
10 years
     over
10 years
 

Domestic bonds

     11,064,591        8,636,608       5,905,166        2,475,089        14,113,212        7,132,897       4,429,887        3,114,000  

Government bonds

     10,876,130        7,616,696       3,629,426        1,429,117        13,915,176        6,273,172       2,798,360        2,124,856  

Municipal bonds

     45,004        199,081       1,292,126        180        42,038        115,764       851,782        290  

Corporate bonds

     143,457        820,830       983,613        1,045,791        155,997        743,959       779,744        988,853  

Other

     2,813,304        5,611,715       6,162,056        8,021,620        2,416,059        6,338,667       5,711,596        7,146,492  

Foreign bonds

     2,604,848        4,379,714       5,323,315        6,238,067        2,341,343        5,597,815       4,493,257        6,686,389  

Other

     208,455        1,232,000       838,740        1,783,552        74,716        740,852       1,218,339        460,103  

Total

     13,877,896        14,248,323       12,067,222        10,496,709        16,529,272        13,471,564       10,141,484        10,260,492  

 

9


Mitsubishi UFJ Financial Group, Inc.

 

BK 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”.

Fair Value Information on Securities

 

    (in millions of yen)  
    As of March 31, 2018     As of March 31, 2017  
    Amount on
balance sheet
    Differences     Gains     Losses     Amount on
balance sheet
    Differences     Gains     Losses  

Debt securities being held to maturity

    1,909,933       44,573       45,248       674       2,348,504       52,045       52,230       185  

Stocks of subsidiaries and affiliates

    932,607       105,350       120,348       14,998       932,607       (8,940     41,986       50,927  
    (in millions of yen)  
    As of March 31, 2018     As of March 31, 2017  
    Amount on
balance sheet
    Differences     Gains     Losses     Amount on
balance sheet
    Differences     Gains     Losses  

Available-for-sale securities

    38,764,391       2,757,167       2,981,731       224,564       37,723,034       2,347,803       2,535,654       187,850  

Domestic equity securities

    4,497,191       2,517,171       2,557,190       40,019       4,173,471       2,016,280       2,070,538       54,257  

Domestic bonds

    23,610,239       273,943       279,894       5,950       23,390,925       354,591       363,976       9,385  

Other

    10,656,960       (33,947     144,646       178,593       10,158,637       (23,069     101,139       124,208  

Foreign equity securities

    229,935       40,051       71,789       31,737       170,335       44,257       54,416       10,158  

Foreign bonds

    7,663,006       (56,832     46,299       103,132       7,853,982       (35,584     38,534       74,118  

Other

    2,764,018       (17,166     26,557       43,723       2,134,319       (31,742     8,188       39,931  

 

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity

 

 

    (in millions of yen)  
    As of March 31, 2018     As of March 31, 2017  
    within
1 year
    1 year to
5 years
    5 years to
10 years
    over
10 years
    within
1 year
    1 year to
5 years
    5 years to
10 years
    over
10 years
 

Domestic bonds

    10,173,197       6,604,091       5,849,537       2,084,241       13,027,854       4,251,676       4,320,651       2,891,699  

Government bonds

    9,999,700       5,681,642       3,619,368       1,069,042       12,877,083       3,503,258       2,747,703       1,913,228  

Municipal bonds

    44,986       199,081       1,292,113       161       42,038       115,711       851,777       260  

Corporate bonds

    128,510       723,367       938,056       1,015,036       108,733       632,706       721,169       978,210  

Other

    1,927,595       2,038,470       2,361,263       3,264,675       1,660,584       2,392,988       2,059,040       3,489,562  

Foreign bonds

    1,577,259       1,390,215       1,878,365       2,793,885       1,396,678       2,204,469       1,106,191       3,128,455  

Other

    350,335       648,255       482,898       470,789       263,905       188,519       952,848       361,106  

Total

    12,100,792       8,642,562       8,210,801       5,348,916       14,688,438       6,644,664       6,379,691       6,381,261  

 

10


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

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

Fair Value Information on Securities

 

     (in millions of yen)  
     As of March 31, 2018      As of March 31, 2017  
     Amount on
balance sheet
     Differences     Gains      Losses      Amount on
balance sheet
     Differences      Gains      Losses  

Debt securities being held to maturity

     494,365        2,702       3,250        547        —          —          —          —    

Stocks of subsidiaries and affiliates

     7,190        413       413        —          52,328        33,443        33,512        69  
     (in millions of yen)  
     As of March 31, 2018      As of March 31, 2017  
     Amount on
balance sheet
     Differences     Gains      Losses      Amount on
balance sheet
     Differences      Gains      Losses  

Available-for-sale securities

     12,874,815        745,891       861,604        115,712        13,508,608        752,569        818,235        65,665  

Domestic equity securities

     1,093,627        640,863       645,330        4,467        1,036,997        551,360        557,456        6,095  

Domestic bonds

     3,471,719        30,690       32,391        1,701        4,369,116        43,958        46,724        2,765  

Other

     8,309,468        74,338       183,881        109,542        8,102,494        157,250        214,054        56,804  

Foreign equity securities

     91,065        (11,387     46        11,433        61        36        36        —    

Foreign bonds

     7,025,849        (12,310     75,228        87,539        6,792,918        64,280        104,484        40,204  

Other

     1,192,552        98,036       108,606        10,569        1,309,514        92,933        109,533        16,599  

 

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity

 

 

  
     (in millions of yen)  
     As of March 31, 2018      As of March 31, 2017  
     within 1 year      1 year to
5 years
    5 years to
10 years
     over
10 years
     within 1 year      1 year to
5 years
     5 years to
10 years
     over
10 years
 

Domestic bonds

     877,274        2,147,968       55,628        390,848        1,040,874        2,996,704        109,236        222,301  

Government bonds

     862,310        2,040,446       10,058        360,074        993,710        2,875,475        50,657        211,628  

Municipal bonds

     17        —         13        18        —          53        5        29  

Corporate bonds

     14,946        107,522       45,556        30,755        47,164        121,176        58,574        10,642  

Other

     697,169        2,241,610       2,707,396        2,496,534        386,827        2,630,231        2,708,421        1,620,210  

Foreign bonds

     677,858        1,837,867       2,507,902        2,493,315        386,642        2,177,646        2,608,448        1,620,180  

Other

     19,310        403,743       199,493        3,219        184        452,585        99,973        29  

Total

     1,574,444        4,389,579       2,763,024        2,887,383        1,427,702        5,626,936        2,817,657        1,842,511  

 

11


Mitsubishi UFJ Financial Group, Inc.

 

5. ROE

MUFG Consolidated

 

     (%)  
     For the fiscal year
ended

March 31, 2018
(A)
     Increase
(Decrease)

(A) - (B)
     For the fiscal year
ended

March 31, 2017
(B)
 

ROE

     7.53        0.27        7.25  

Note:

ROE is computed as follows:

 

Profits attributable to owners of parent   

 

 

 

×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

  

 

12


Mitsubishi UFJ Financial Group, Inc.

 

6. Risk-Adjusted Capital Ratio

 

MUFG Consolidated    (in billions of yen)  
     As of
March 31, 2018
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
    As of
September 30, 2017
 

(1)   Total capital ratio (4)/(7)

     16.56     0.70     15.85     16.33

(2)   Tier 1 capital ratio (5)/(7)

     14.32     0.95     13.36     13.72

(3)   Common Equity Tier 1 capital ratio (6)/(7)

     12.58     0.82     11.76     12.14

(4)   Total capital

     18,795.4       719.3       18,076.1       18,797.3  

(5)   Tier 1 capital

     16,251.7       1,019.2       15,232.4       15,794.3  

(6)   Common Equity Tier 1 capital

     14,284.9       871.0       13,413.8       13,979.4  

(7)   Risk weighted assets

     113,463.6       (522.7     113,986.3       115,068.8  

(8)   Required Capital (7)×8%

     9,077.0       (41.8     9,118.9       9,205.5  
BK Consolidated    (in billions of yen)  
     As of
March 31, 2018
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
    As of
September 30, 2017
 

(1)   Total capital ratio (4)/(7)

     15.90     0.61     15.28     15.84

(2)   Tier 1 capital ratio (5)/(7)

     13.59     0.89     12.70     13.10

(3)   Common Equity Tier 1 capital ratio (6)/(7)

     11.85     0.71     11.14     11.55

(4)   Total capital

     14,470.2       416.8       14,053.4       14,470.1  

(5)   Tier 1 capital

     12,374.0       693.3       11,680.7       11,970.3  

(6)   Common Equity Tier 1 capital

     10,788.3       542.5       10,245.8       10,547.9  

(7)   Risk weighted assets

     91,007.1       (952.8     91,960.0       91,318.6  

(8)   Required Capital (7)×8%

     7,280.5       (76.2     7,356.8       7,305.4  
TB Consolidated    (in billions of yen)  
     As of
March 31, 2018
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
    As of
September 30, 2017
 

(1)   Total capital ratio (4)/(7)

     20.03     0.22     19.80     20.55

(2)   Tier 1 capital ratio (5)/(7)

     17.67     0.73     16.94     17.28

(3)   Common Equity Tier 1 capital ratio (6)/(7)

     16.21     0.33     15.87     16.10

(4)   Total capital

     2,545.6       139.0       2,406.5       2,591.1  

(5)   Tier 1 capital

     2,245.8       187.4       2,058.4       2,178.2  

(6)   Common Equity Tier 1 capital

     2,060.1       131.1       1,928.9       2,030.3  

(7)   Risk weighted assets

     12,705.2       556.0       12,149.1       12,604.2  

(8)   Required Capital (7)×8%

     1,016.4       44.4       971.9       1,008.3  
BK Non-consolidated    (in billions of yen)  
     As of
March 31, 2018
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
    As of
September 30, 2017
 

(1)   Total capital ratio (4)/(7)

     16.90     0.19     16.70     17.03

(2)   Tier 1 capital ratio (5)/(7)

     14.51     0.63     13.88     14.07

(3)   Common Equity Tier 1 capital ratio (6)/(7)

     12.54     0.49     12.04     12.25

(4)   Total capital

     13,211.3       387.9       12,823.3       13,206.2  

(5)   Tier 1 capital

     11,344.0       688.5       10,655.5       10,910.4  

(6)   Common Equity Tier 1 capital

     9,802.4       554.7       9,247.7       9,502.6  

(7)   Risk weighted assets

     78,155.7       1,398.1       76,757.5       77,510.7  

(8)   Required Capital (7)×8%

     6,252.4       111.8       6,140.6       6,200.8  
TB Non-consolidated    (in billions of yen)  
     As of
March 31, 2018
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
    As of
September 30, 2017
 

(1)   Total capital ratio (4)/(7)

     19.88     (0.59 )%      20.48     20.56

(2)   Tier 1 capital ratio (5)/(7)

     17.55     0.10     17.45     17.25

(3)   Common Equity Tier 1 capital ratio (6)/(7)

     16.18     (0.17 )%      16.35     16.11

(4)   Total capital

     2,529.3       102.8       2,426.4       2,577.2  

(5)   Tier 1 capital

     2,232.7       165.7       2,067.0       2,163.0  

(6)   Common Equity Tier 1 capital

     2,057.7       120.1       1,937.5       2,019.4  

(7)   Risk weighted assets

     12,716.6       871.7       11,844.8       12,533.4  

(8)   Required Capital (7)×8%

     1,017.3       69.7       947.5       1,002.6  

 

Note: Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.

 

     Risk-adjusted capital ratio of BK and TB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

 

13


Mitsubishi UFJ Financial Group, Inc.

 

7. Risk-Monitored Loans

MUFG Consolidated

(1) Risk-Monitored Loans

 

    (in millions of yen)  
    As of
March 31, 2018
(A)
    % to total loans
and bills discounted
    As of
March 31, 2017
(B)
    % to total loans
and bills discounted
    Increase
(Decrease)
(A) - (B)
    % to total loans
and bills discounted
 

Loans to bankrupt borrowers

    50,351       0.04     46,498       0.04     3,853       0.00

Non-accrual delinquent loans

    614,955       0.56     738,103       0.67     (123,147     (0.10 )% 

Accruing loans contractually past due 3 months or more

    29,193       0.02     46,301       0.04     (17,108     (0.01 )% 

Restructured loans

    577,277       0.53     708,354       0.64     (131,077     (0.11 )% 

Total risk monitored loans

    1,271,777       1.17     1,539,258       1.41     (267,480     (0.23 )% 

Total loans and bills discounted

    108,090,994         109,005,231            (914,237  

Written-off

    361,108         377,463         (16,355  
(2) Allowance for Credit Losses  
    (in millions of yen)  
    As of
March 31, 2018
(A)
    % to total risk
monitored loans
    As of
March 31, 2017
(B)
    % to total risk
monitored loans
    Increase
(Decrease)
(A) - (B)
    % to total risk
monitored loans
 

Allowance for credit losses

    807,139       63.46     957,350       62.19     (150,210     1.26

General allowance for credit losses

    596,523         743,895         (147,371  

Specific allowance for credit losses

    210,058         213,065         (3,007  

Allowance for credit to specific foreign borrowers

    556         388         168    
(3) Classification of Risk-Monitored Loans            

 

Classified by Geographic Area    (in millions of yen)  
     As of
March 31, 2018
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)

(A) - (B)
 

Domestic

     887,090        1,064,741        (177,651

Overseas

     384,687        474,516        (89,829

Asia

     155,810        142,367        13,443  

Indonesia

     8,678        5,946        2,731  

Singapore

     14,380        14,558        (178

Thailand

     125,943        106,546        19,396  

Hong Kong

     706        215        491  

Other

     6,102        15,099        (8,997

Americas

     157,565        216,085        (58,520

Europe, Middle East and Other

     71,311        116,064        (44,752
  

 

 

    

 

 

    

 

 

 

Total

          1,271,777             1,539,258               (267,480
  

 

 

    

 

 

    

 

 

 

 

Classified by Industry    (in millions of yen)  
     As of
March 31, 2018
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)

(A) - (B)
 

Domestic

     887,090        1,064,741        (177,651

Manufacturing

     329,574        425,381        (95,806

Construction

     12,680        16,299        (3,619

Wholesale and retail

     114,646        135,785        (21,138

Finance and insurance

     997        737        259  

Real estate, goods rental and leasing

     49,909        67,336        (17,427

Services

     42,988        51,944        (8,955

Other industries

     25,666        23,849        1,816  

Consumer

     310,626        343,406        (32,779

Overseas

     384,687        474,516        (89,829

Financial institutions

     3,765        7,672        (3,906

Commercial and industrial

     299,559        329,547        (29,987

Other

     81,362        137,297        (55,935
  

 

 

    

 

 

    

 

 

 

Total

          1,271,777             1,539,258               (267,480
  

 

 

    

 

 

    

 

 

 

 

14


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Risk-Monitored Loans

 

    (in millions of yen)  
    As of
March 31, 2018
(A)
    % to total loans
and bills discounted
    As of
March 31, 2017
(B)
    % to total loans
and bills discounted
    Increase
(Decrease)
(A) - (B)
    % to total loans
and bills discounted
 

Loans to bankrupt borrowers

    41,846       0.05     35,746       0.04     6,100       0.00

Non-accrual delinquent loans

    356,775       0.45     476,342       0.58     (119,566     (0.13 )% 

Accruing loans contractually past due 3 months or more

    23,616       0.02     45,938       0.05     (22,322     (0.02 )% 

Restructured loans

    411,324       0.51     525,466       0.64     (114,142     (0.12 )% 

Total risk monitored loans

    833,563       1.05     1,083,494       1.33     (249,930     (0.27 )% 

Total loans and bills discounted

      79,213,244           81,394,063         (2,180,818  

Written-off

    294,955         307,219         (12,264  

(2) Allowance for Credit Losses

 

 

    (in millions of yen)  
    As of
March 31, 2018
(A)
    % to total risk
monitored loans
    As of
March 31, 2017
(B)
    % to total risk
monitored loans
    Increase
(Decrease)
(A) - (B)
    % to total risk
monitored loans
 

Allowance for credit losses

    418,248       50.17     563,216       51.98     (144,968     (1.80 )% 

General allowance for credit losses

    313,783         446,887         (133,103  

Specific allowance for credit losses

    103,908         115,942         (12,034  

Allowance for credit to specific foreign borrowers

    556         386         170    
(3) Classification of Risk-Monitored Loans            
Classified by Geographic Area    (in millions of yen)  
     As of
March 31, 2018
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)

(A) - (B)
 

Domestic

     675,362        829,903        (154,540

Overseas

     158,200        253,591        (95,390

Asia

     22,849        29,866        (7,016

Indonesia

     1,790        102        1,687  

Singapore

     14,380        14,558        (178

Thailand

     —          4        (4

Hong Kong

     706        215        491  

Other

     5,972        14,985        (9,012

Americas

     64,039        107,660        (43,620

Europe, Middle East and Other

     71,311        116,064        (44,752
  

 

 

    

 

 

    

 

 

 

Total

             833,563             1,083,494               (249,930
  

 

 

    

 

 

    

 

 

 

 

Classified by Industry    (in millions of yen)  
     As of
March 31, 2018
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)

(A) - (B)
 

Domestic

     675,362        829,903        (154,540

Manufacturing

     306,658        375,263        (68,605

Construction

     12,073        15,628        (3,555

Wholesale and retail

     114,403        134,286        (19,882

Finance and insurance

     993        715        278  

Real estate

     43,022        58,504        (15,482

Goods rental and leasing

     1,970        2,347        (377

Services

     42,747        51,080        (8,333

Other industries

     25,661        23,540        2,120  

Consumer

     127,833        168,535        (40,702

Overseas

     158,200        253,591        (95,390

Financial institutions

     3,681        7,589        (3,907

Commercial and industrial

     154,425        190,984        (36,559

Other

     93        55,017        (54,923
  

 

 

    

 

 

    

 

 

 

Total

             833,563             1,083,494               (249,930
  

 

 

    

 

 

    

 

 

 

 

15


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Risk-Monitored Loans

 

    (in millions of yen)  
    As of
March 31, 2018
(A)
    % to total loans
and bills discounted
    As of
March 31, 2017
(B)
    % to total loans
and bills discounted
    Increase
(Decrease)
(A) - (B)
    % to total loans
and bills discounted
 

Loans to bankrupt borrowers

    462       0.00     530       0.00     (67     (0.00 )% 

Non-accrual delinquent loans

    6,457       0.04     9,611       0.06     (3,154     (0.02 )% 

Accruing loans contractually past due 3 months or more

    308       0.00     79       0.00     228       0.00

Restructured loans

    27,352       0.18     55,523       0.38     (28,171     (0.20 )% 

Total risk monitored loans

    34,582       0.23     65,746       0.46          (31,164     (0.22 )% 

Total loans and bills discounted

      14,514,713           14,283,249         231,463    

Written-off

    7,383         7,626         (242  

(2) Allowance for Credit Losses

 

 

    (in millions of yen)  
    As of
March 31, 2018
(A)
    % to total risk
monitored loans
    As of
March 31, 2017
(B)
    % to total risk
monitored loans
    Increase
(Decrease)
(A) - (B)
    % to total risk
monitored loans
 

Allowance for credit losses

    33,138       95.82     59,306       90.20     (26,168     5.61

General allowance for credit losses

    32,378         58,395         (26,017  

Specific allowance for credit losses

    759         908         (149  

Allowance for credit to specific foreign borrowers

    0         1         (1  

(3) Classification of Risk-Monitored Loans

 

Classified by Geographic Area    (in millions of yen)  
     As of
March 31, 2018
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)

(A) - (B)
 

Domestic

     34,071        65,273        (31,202

Overseas

     510        472        38  

Asia

     510        472        38  

Indonesia

     —          —          —    

Singapore

     —          —          —    

Thailand

     510        472        38  

Hong Kong

     —          —          —    

Other

     —          —          —    

Americas

     —          —          —    

Europe, Middle East and Other

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Total

               34,582                  65,746                 (31,164
  

 

 

    

 

 

    

 

 

 
Classified by Industry    (in millions of yen)  
     As of
March 31, 2018
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)

(A) - (B)
 

Domestic

     34,071        65,273        (31,202

Manufacturing

     22,898        50,092        (27,194

Construction

     591        653        (62

Wholesale and retail

     100        1,348        (1,248

Finance and insurance

     —          —          —    

Real estate

     4,890        6,436        (1,545

Goods rental and leasing

     —          —          —    

Services

     228        851        (622

Other industries

     —          303        (303

Consumer

     5,363        5,587        (224

Overseas

     510        472        38  

Financial institutions

     —          —          —    

Commercial and industrial

     510        472        38  

Other

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Total

     34,582        65,746        (31,164
  

 

 

    

 

 

    

 

 

 

 

16


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated: Trust Account

“Trust Account” represents trust account with contracts indemnifying the principal amounts.

(1) Risk-Monitored Loans

 

    (in millions of yen)  
    As of
March 31, 2018
(A)
    % to total loans
and bills discounted
    As of
March 31, 2017
(B)
    % to total loans
and bills discounted
    Increase
(Decrease)
(A) - (B)
    % to total loans
and bills discounted
 

Loans to bankrupt borrowers

    3       0.02     3       0.01     (0     0.00

Non-accrual delinquent loans

    0       0.00     0       0.00     (0     (0.00 )% 

Accruing loans contractually past due 3 months or more

    8       0.05     9       0.04     (1     0.00

Restructured loans

    220       1.36     234       1.28     (14     0.07

Total risk monitored loans

    232       1.43     247       1.35     (15     0.08

Total loans and bills discounted

             16,186                  18,293                (2,106  

(2) Allowance for Credit Losses

 

     (in millions of yen)  
     As of
March 31, 2018
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)

(A) - (B)
 

Allowance for bad debts

     48        55        (7
(3) Classification of Risk-Monitored Loans  

Classified by Industry

        
     (in millions of yen)  
     As of
March 31, 2018
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)

(A) - (B)
 

Domestic

     232        247        (15

Manufacturing

     —          —          —    

Construction

     —          —          —    

Wholesale and retail

     —          —          —    

Finance and insurance

     —          —          —    

Real estate

     183        200        (16

Goods rental and leasing

     —          —          —    

Services

     —          —          —    

Other industries

     —          —          —    

Consumer

     48        46        1  
  

 

 

    

 

 

    

 

 

 

Total

                    232                       247                        (15
  

 

 

    

 

 

    

 

 

 

 

17


Mitsubishi UFJ Financial Group, Inc.

 

8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)

BK and TB Combined including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Non Performing Loans

 

                 (in millions of yen)  
                 As of
March 31, 2018

(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)

(A) - (B)
 

Bankrupt or De facto Bankrupt

         118,812       119,803       (991

Doubtful

         344,145       426,284       (82,139

Special Attention

         462,747       627,162       (164,415

Non Performing Loans (1)

         925,704       1,173,249       (247,545

Normal

         103,740,073       104,240,643       (500,569

Total

         104,665,778       105,413,893       (748,114

Non Performing Loans / Total

         0.88     1.11     (0.22 )% 

(2) Status of Coverage of Non Performing Loans

 

 

 
                 (in millions of yen)  
                 As of
March 31, 2018

(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)

(A) - (B)
 

Covered amount (2)

         749,950       940,324       (190,374

Allowance for credit losses

         280,523       351,634       (71,110

Collateral, guarantees, etc.

         469,426       588,690       (119,263

Coverage ratio (2) / (1)

         81.01     80.14     0.86
(3) Coverage Ratio    
     (in millions of yen)  

Category

   Loan amount
(A)
    Allowance for
credit losses
(B)
    Covered by
collateral and/
or guarantees
(C)
    Coverage ratio for
unsecured portion
(B) / [(A) - (C)]
    Coverage ratio
[(B) + (C)] / (A)
 

Bankrupt or De facto Bankrupt

     118,812       7,956       110,856         100.00
     [119,803     [10,772     [109,031       [100.00 %] 

Doubtful

     344,145       95,621       173,843         78.29
     [426,284     [104,933     [244,227       [81.90 %] 

Special Attention

     462,747       176,945       184,727         78.15
     [627,162     [235,928     [235,431       [75.15 %] 

Total

     925,704       280,523       469,426         81.01
     [1,173,249     [351,634     [588,690       [80.14 %] 

Note:  The upper figures are as of March 31, 2018. The lower figures with brackets are as of March 31, 2017.

 

(4) Classified by Industry

 

   

 

 
                 (in millions of yen)  
                 As of
March 31, 2018

(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)

(A) - (B)
 

Domestic

         716,305       903,729       (187,423

Manufacturing

         329,923       425,959       (96,035

Construction

         12,755       16,418       (3,662

Wholesale and retail

         117,615       139,910       (22,295

Finance and insurance

         1,448       2,008       (560

Real estate

         48,271       65,365       (17,094

Goods rental and leasing

         1,970       2,347       (377

Services

         43,501       52,500       (8,998

Other industries

         27,318       24,654       2,664  

Consumer

         133,500       174,565       (41,065

Overseas

         209,398       269,520       (60,121

Financial institutions

         3,862       7,779       (3,917

Commercial and industrial

         205,442       206,723       (1,280

Other

         93       55,017       (54,923

Total

         925,704       1,173,249       (247,545

 

18


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Non Performing Loans

 

                                                              
     (in millions of yen)  
     As of
March 31, 2018

(A)
    As of
March 31, 2017

(B)
    Increase
(Decrease)

(A) - (B)
 

Bankrupt or De facto Bankrupt

     117,413       117,714       (300

Doubtful

     338,442       418,034       (79,592

Special Attention

     434,940       571,405       (136,464

Non Performing Loans (1)

     890,796       1,107,154       (216,358

Normal

        88,874,301          89,636,105       (761,804

Total

     89,765,097       90,743,260       (978,162

Non Performing Loans / Total

     0.99     1.22     (0.22 )% 
(2) Status of Coverage of Non Performing Loans       
     (in millions of yen)  
     As of
March 31,  2018

(A)
    As of
March 31, 2017

(B)
    Increase
(Decrease)

(A) - (B)
 

Covered amount (2)

     718,588       896,314       (177,725

Allowance for credit losses

     267,342       325,433       (58,090

Collateral, guarantees, etc.

     451,245       570,881       (119,635

Coverage ratio (2) / (1)

     80.66     80.95     (0.28 )% 

(3) Coverage Ratio

 

     (in millions of yen)  

Category

   Loan amount
(A)
    Allowance for
credit losses
(B)
    Covered by
collateral and/
or guarantees
(C)
    Coverage ratio for
unsecured portion
(B) / [(A) - (C)]
    Coverage ratio
[(B) + (C)] / (A)
 

Bankrupt or De facto Bankrupt

     117,413       7,871       109,542       100.00     100.00
     [117,714     [10,679     [107,034     [100.00 %]      [100.00 %] 

Doubtful

     338,442       95,405       168,699       56.20     78.03
     [418,034     [104,577     [236,899     [57.73 %]      [81.68 %] 

Special Attention

     434,940       164,066       173,004       62.63     77.49
     [571,405     [210,175     [226,947     [61.01 %]      [76.49 %] 

Total

     890,796       267,342       451,245       60.82     80.66
     [1,107,154     [325,433     [570,881     [60.68 %]      [80.95 %] 

Note:  The upper figures are as of March 31, 2018. The lower figures with brackets are as of March 31, 2017.

   

 

(4) Classified by Industry

 

                                                                          
     (in millions of yen)  
     As of
March 31, 2018

(A)
     As of
March 31, 2017

(B)
     Increase
(Decrease)

(A) - (B)
 

Domestic

     681,908        838,106        (156,198

Manufacturing

     307,025        375,867        (68,841

Construction

     12,164        15,764        (3,599

Wholesale and retail

     117,515        138,561        (21,046

Finance and insurance

     1,448        2,008        (560

Real estate

     43,196        58,728        (15,531

Goods rental and leasing

     1,970        2,347        (377

Services

     43,273        51,648        (8,375

Other industries

     27,318        24,350        2,968  

Consumer

     127,994        168,829        (40,834

Overseas

     208,888        269,047        (60,159

Financial institutions

     3,862        7,779        (3,917

Commercial and industrial

     204,932        206,250        (1,318

Other

     93        55,017        (54,923

Total

          890,796            1,107,154        (216,358

 

19


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Non Performing Loans

 

                 (in millions of yen)  
                 As of
March 31, 2018

(A)
    As of
March 31, 2017

(B)
    Increase
(Decrease)

(A) - (B)
 

Bankrupt or De facto Bankrupt

         1,395       2,085       (690

Doubtful

         5,619       8,159       (2,539

Special Attention

         27,661       55,603       (27,942

Non Performing Loans (1)

         34,676       65,848       (31,171

Normal

            14,849,817          14,586,491        263,326  

Total

         14,884,494       14,652,339       232,154  

Non Performing Loans / Total

         0.23     0.44     (0.21 )% 
(2) Status of Coverage of Non Performing Loans           
                 (in millions of yen)  
                 As of
March 31, 2018
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)

(A) - (B)
 

Covered amount (2)

         31,129       43,762       (12,632

Allowance for credit losses

         13,180       26,201       (13,020

Collateral, guarantees, etc.

         17,949       17,561       387  

Coverage ratio (2) / (1)

         89.77     66.46     23.31
(3) Coverage Ratio           
     (in millions of yen)  

Category

   Loan amount
(A)
    Allowance for
credit losses
(B)
    Covered by
collateral and/
or guarantees
(C)
    Coverage ratio for
unsecured portion
(B) / [(A) - (C)]
    Coverage ratio
[(B) + (C)] / (A)
 

Bankrupt or De facto Bankrupt

     1,395       84       1,310       100.00     100.00
     [2,085     [92     [1,993     [100.00 %]      [100.00 %] 

Doubtful

     5,619       216       5,060       38.70     93.90
     [8,159     [355     [7,238     [38.66 %]      [93.07 %] 

Special Attention

     27,661       12,879       11,578       80.07     88.41
     [55,603     [25,753     [8,330     [54.47 %]      [61.29 %] 

Total

     34,676       13,180       17,949       78.79     89.77
     [65,848     [26,201     [17,561     [54.26 %]      [66.46 %] 

Note:  The upper figures are as of March 31, 2018. The lower figures with brackets are as of March 31, 2017.

 

(4) Classified by Industry

 

 

                 (in millions of yen)  
                 As of
March 31, 2018
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)

(A) - (B)
 

Domestic

         34,165       65,375       (31,209

Manufacturing

         22,898       50,092       (27,194

Construction

         591       653       (62

Wholesale and retail

         100       1,348       (1,248

Finance and insurance

         —         —         —    

Real estate

         4,890       6,436       (1,545

Goods rental and leasing

         —         —         —    

Services

         228       851       (622

Other industries

         —         303       (303

Consumer

         5,457       5,689       (231

Overseas

         510       472       38  

Financial institutions

         —         —         —    

Commercial and industrial

         510       472       38  

Other

         —         —         —    

Total

         34,676       65,848       (31,171

 

20


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated: Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Non Performing Loans

 

                 (in millions of yen)  
                 As of
March 31, 2018

(A)
    As of
March 31, 2017

(B)
    Increase
(Decrease)

(A) - (B)
 

Bankrupt or De facto Bankrupt

         3       3       (0

Doubtful

         83       90       (6

Special Attention

         144       153       (8

Non Performing Loans (1)

         232       247       (15

Normal

         15,954       18,046       (2,091

Total

         16,186       18,293       (2,106

Non Performing Loans / Total

                   1.43              1.35                0.08

(2) Status of Coverage of Non Performing Loans

 

 

     
                 (in millions of yen)  
                 As of
March 31, 2018

(A)
    As of
March 31, 2017

(B)
    Increase
(Decrease)

(A) - (B)
 

Covered amount (2)

         232       247       (15

Allowance for credit losses

         —         —         —    

Collateral, guarantees, etc.

         232       247       (15

Coverage ratio (2) / (1)

         100.00     100.00     —    

(3) Coverage Ratio

 

          
     (in millions of yen)  

Category

   Loan amount
(A)
    Allowance for
credit losses
(B)
    Covered by
collateral and/
or guarantees
(C)
    Coverage ratio for
unsecured portion
(B) / [(A) - (C)]
    Coverage ratio
[(B) + (C)] / (A)
 

Bankrupt or De facto Bankrupt

     3             3         100.00
     [3     [—     [3       [100.00 %] 

Doubtful

     83             83         100.00
     [90     [—     [90       [100.00 %] 

Special Attention

     144             144         100.00
     [153     [—     [153       [100.00 %] 

Total

     232             232         100.00
     [247     [—     [247       [100.00 %] 

Note: The upper figures are as of March 31, 2018. The lower figures with brackets are as of March 31, 2017.

 

(4) Classified by Industry

 

          
                 (in millions of yen)  
                 As of
March 31, 2018

(A)
    As of
March 31, 2017

(B)
    Increase
(Decrease)

(A) - (B)
 

Domestic

         232       247       (15

Manufacturing

         —         —         —    

Construction

         —         —         —    

Wholesale and retail

         —         —         —    

Finance and insurance

         —         —         —    

Real estate

         183       200       (16

Goods rental and leasing

         —         —         —    

Services

         —         —         —    

Other industries

         —         —                          —    

Consumer

         48       46       1  

Total

                        232                        247       (15

 

21


Mitsubishi UFJ Financial Group, Inc.

 

Overview of Non-Performing Loans

BK and TB Combined

 

(in billions of yen)
Self-Assessment       

Coverage 

ratio for 

unsecured 

portion 

      

Non-Performing Loans 

Based on the “FRL” 

           Risk-Monitored Loans 

Category of
Borrowers

  Classification              
  Non-
Classification 
  Classification 
II
  Classification 
III
  Classification 
IV
             
                           
                 

 

Bankrupt
Borrowers

 

  [110.8]   [5.5]  

 

[2.4]

 

(*1)

     

 

100.00%

     

i) Bankrupt or

De facto Bankrupt

 

[118.8]

     

 

Loans to bankrupt borrowers

 

[42.3]

 

 

Substantially
Bankrupt
Borrowers

 

                   

Non-accrual

delinquent loans

 

[363.2]

 

Potentially
Bankrupt
Borrowers

 

  [173.8]   [170.1]           56.14%      

ii) Doubtful

 

[344.0]

     
               

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

 

  [462.6]           63.64%      

iii) Special Attention

 

[462.6]

     

Accruing loans contractually past due

3 months or more

 

[23.9]

 

                         

 

Restructured loans

 

[438.6]

 

           
                             
           

Borrowers
Requiring
Caution
(Other
Borrowers)

 

                 

iv) Normal

 

[103,724.1]

 

 

         

 

Normal
Borrowers

 

                         
   
                Non-Performing Loans Based on the “FRL”       Risk-Monitored Loans
                i) + ii) + iii)      
                925.4       868.1
                Total      
                i) + ii) + iii) + iv)      
                104,649.5      

 

(*1) “Customers’ liabilities for acceptances and guarantees” in Classification IV are fully reserved.

 

22


Mitsubishi UFJ Financial Group, Inc.

 

9. Progress in Disposition of Problem Assets

BK Non-consolidated

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRL”

 

     (in millions of yen)  
     As of
March 31, 2015
     As of
March 31, 2016
     As of
March 31, 2017
(A)
     As of
March 31, 2018
(B)
     (B) - (A)  

Assets newly categorized during fiscal 2014

     98,674        61,087        40,744        29,121        (11,623

Assets newly categorized during fiscal 2015

        500,907        96,342        72,005        (24,336

Assets newly categorized during fiscal 2016

           156,527        66,294        (90,232

Assets newly categorized during fiscal 2017

              125,207     

(2) Progress in Disposition of Problem Assets

 

     (in millions of yen)  
     For the fiscal year ended March 31, 2018  
            Bankrupt or
De facto Bankrupt
     Doubtful  

Liquidation

     3,792        

Reconstructive treatment

     6,615        

Upgrade due to reconstructive treatment

     —          

Loan sold to secondary market

     17,842        

Write-offs

     43,100        

Others

     133,749        

Collection / Repayment

     86,572        

Upgrade

     47,176        
  

 

 

    

 

 

    

 

 

 

Total

     205,100        49,893        155,206  
  

 

 

    

 

 

    

 

 

 

Amount in process for disposition

     101,398        

 

Note: The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

 

23


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRL”

 

     (in millions of yen)  
     As of
March 31, 2015
     As of
March 31, 2016
     As of
March 31, 2017
(A)
     As of
March 31, 2018
(B)
     (B) - (A)  

Assets newly categorized during fiscal 2014

       7,495        1,730        265        207        (58

Assets newly categorized during fiscal 2015

          18,743        883        718        (165

Assets newly categorized during fiscal 2016

               1,872        643          (1,229

Assets newly categorized during fiscal 2017

                  1,319     

(2) Progress in Disposition of Problem Assets

 

     (in millions of yen)  
     For the fiscal year ended March 31, 2018  
            Bankrupt or
De facto Bankrupt
     Doubtful  

Liquidation

     —          

Reconstructive treatment

     —          

Upgrade due to reconstructive treatment

     —          

Loan sold to secondary market

     —          

Write-offs

     4,227        

Others

     5,797        

Collection / Repayment

     4,141        

Upgrade

     1,656        
  

 

 

    

 

 

    

 

 

 

Total

       10,024             967            9,056  
  

 

 

    

 

 

    

 

 

 

Amount in process for disposition

     1,533        

 

Note: The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

 

24


Mitsubishi UFJ Financial Group, Inc.

 

10. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors

BK and TB Combined including Trust Accounts

(1) Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Domestic offices (excluding loans booked at offshore markets)

     66,770,721       (626,426     67,397,147  

Manufacturing

     9,613,346       (967,410     10,580,756  

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     139,140       (12,935     152,075  

Construction

     736,321       (30,424     766,745  

Utilities

     1,828,883       263,453       1,565,430  

Communication and information services

     1,347,820       (70,227     1,418,047  

Transport and postal activities

     2,215,435       (9,645     2,225,080  

Wholesale and retail

     6,446,155       (25,605     6,471,760  

Finance and insurance

     8,450,825       (67,767     8,518,592  

Real estate

     8,986,142       84,597       8,901,544  

Goods rental and leasing

     2,091,142       18,211       2,072,931  

Services

     2,760,243       180,730       2,579,513  

Municipal government

     706,171       136,465       569,706  

Other industries (including loans to the Japanese government)

     21,449,083       (125,872     21,574,955  

Overseas offices and loans booked at offshore markets

     27,263,992       (1,220,410     28,484,402  
  

 

 

   

 

 

   

 

 

 

Total

     94,034,713       (1,846,836     95,881,550  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Total domestic consumer loans

     16,273,074       (270,685     16,543,759  

Housing loans

     15,453,943       (266,347     15,720,290  

Residential purpose

     13,451,480       (155,152     13,606,632  

Other

     819,131       (4,337     823,468  

 

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

      
     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Outstanding amount

     40,228,907       37,911       40,190,996  

% to total domestic loans

     60.24     0.61     59.63

 

25


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Domestic offices (excluding loans booked at offshore markets)

     54,077,138       (1,255,655     55,332,793  

Manufacturing

     7,803,059       (747,837     8,550,896  

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     136,981       (12,004     148,985  

Construction

     646,217       (25,346     671,563  

Utilities

     1,374,494       156,965       1,217,529  

Communication and information services

     1,089,766       (39,571     1,129,337  

Transport and postal activities

     1,547,324       (23,744     1,571,068  

Wholesale and retail

     5,643,303       85,108       5,558,195  

Finance and insurance

     5,762,547       (220,268     5,982,815  

Real estate

     7,123,285       142,634       6,980,650  

Goods rental and leasing

     1,346,634       27,045       1,319,589  

Services

     2,631,911       204,046       2,427,865  

Municipal government

     699,552       137,295       562,257  

Other industries (including loans to the Japanese government)

     18,272,065       (939,979     19,212,044  

Overseas offices and loans booked at offshore markets

     25,136,106       (925,163     26,061,269  
  

 

 

   

 

 

   

 

 

 

Total

     79,213,244       (2,180,818     81,394,063  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

 

     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Total domestic consumer loans

     14,961,771       (222,068     15,183,840  

Housing loans

     14,146,358       (218,641     14,365,000  

Residential purpose

     12,271,411       (124,202     12,395,614  

Other

     815,413       (3,427     818,840  

 

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

 

     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Outstanding amount

     34,050,297       (103,514     34,153,811  

% to total domestic loans

     62.96     1.24 %       61.72

 

26


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     12,386,827           526,710       11,860,116  

Manufacturing

     1,810,287       (219,573     2,029,860  

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     2,159       (931     3,090  

Construction

     90,104       (5,078     95,182  

Utilities

     454,389       106,488       347,901  

Communication and information services

     258,054       (30,656     288,710  

Transport and postal activities

     648,111       (5,901     654,012  

Wholesale and retail

     802,852       (110,713     913,565  

Finance and insurance

     2,652,614       122,929       2,529,685  

Real estate

     1,858,564       (57,108     1,915,672  

Goods rental and leasing

     744,508       (8,834     753,342  

Services

     128,332       (23,312     151,644  

Municipal government

     1,946       (714     2,660  

Other industries (including loans to the Japanese government)

     2,934,896       760,113       2,174,783  

Overseas offices and loans booked at offshore markets

     2,127,886       (295,246     2,423,132  
  

 

 

   

 

 

   

 

 

 

Total

     14,514,713       231,463       14,283,249  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Total domestic consumer loans

     1,304,063       (47,545     1,351,609  

Housing loans

     1,300,378       (46,648     1,347,027  

Residential purpose

     1,173,364       (29,994     1,203,359  

Other

     3,685       (896     4,582  

 

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

 

 
     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Outstanding amount

     5,900,193       56,364       5,843,829  

% to total domestic loans

     47.63     (1.64 )%      49.27

 

27


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Domestic offices (excluding loans booked at offshore markets)

          306,755           102,518            204,237  

Manufacturing

     —         —         —    

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     —         —         —    

Construction

     —         —         —    

Utilities

     —         —         —    

Communication and information services

     —         —         —    

Transport and postal activities

     20,000       20,000       —    

Wholesale and retail

     —         —         —    

Finance and insurance

     35,664       29,572       6,092  

Real estate

     4,293       (929     5,222  

Goods rental and leasing

     —         —         —    

Services

     —         (4     4  

Municipal government

     4,673       (116     4,789  

Other industries (including loans to the Japanese government)

     242,122       53,994       188,128  

Overseas offices and loans booked at offshore markets

     —         —         —    
  

 

 

   

 

 

   

 

 

 

Total

     306,755       102,518       204,237  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Total domestic consumer loans

     7,238       (1,070     8,309  

Housing loans

     7,206       (1,056     8,263  

Residential purpose

     6,703       (954     7,658  

Other

     32       (13     46  

 

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

      
     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Outstanding amount

     278,417       85,061       193,356  

% to total domestic loans

     90.76     (3.91 )%      94.67

 

28


Mitsubishi UFJ Financial Group, Inc.

 

11. Overseas Loans

BK and TB Combined

 

     (in millions of yen)  
     As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Americas

     12,595,524       (562,553     13,158,077  

United States of America

     7,984,522       (352,271     8,336,794  

Caribbean countries

     2,474,107       (24,006     2,498,113  

Canada

     895,371             74,823       820,548  

Brazil

     514,123       (104,082     618,205  

Mexico

     419,002       (3,360     422,363  

Chile

     156,949       (56,195     213,144  

Others

     151,450       (97,461     248,910  

Asia/Oceania

     9,799,650       (12,923     9,812,573  

Hong Kong

     2,228,774       27,913       2,200,861  

Australia

     1,978,943       (55,313     2,034,257  

Singapore

     1,424,380       (27,746     1,452,126  

Indonesia

     841,984       1,194       840,789  

India

     834,108       89,384       744,723  

South Korea

     599,426       (35,111     634,537  

Taiwan

     590,453       157,757       432,696  

New Zealand

     278,303       11,980       266,322  

Vietnam

     262,427       14,304       248,122  

Malaysia

     237,783       (60,325     298,108  

Thailand

     149,380       (58,256     207,636  

China

     130,163       (5,527     135,691  

Philippines

     118,338       (86,829     205,168  

Others

     125,188       13,652       111,537  

EMEA

     7,233,222       (181,206     7,414,429  

United Kingdom

     2,183,497       84,370       2,099,127  

Netherlands

     738,651       (6,371     745,023  

Saudi Arabia

     552,228       (56,410     608,638  

Germany

     529,964       37,310       492,653  

France

     458,772       34,898       423,873  

UAE

     341,013       (83,794     424,807  

Qatar

     328,442       (108,087     436,530  

Luxembourg

     235,425       (31,373     266,799  

South Africa

     193,020       (4,489     197,509  

Switzerland

     175,263       (7,069     182,333  

Ireland

     167,101       1,909       165,192  

Turkey

     159,665       (21,152     180,818  

Italy

     159,089       17,458       141,630  

Spain

     139,269       17,516       121,753  

Oman

     104,516       19,167       85,349  

Others

     767,307       (75,089     842,395  

Others

     —         (284     284  
  

 

 

   

 

 

   

 

 

 

Total

     29,628,397           (756,965 )         30,385,363     
  

 

 

   

 

 

   

 

 

 

 

Note: In addition to the (non-consolidated basis) loan balance stated above, five major overseas subsidiaries have the following loan balances in the consolidated financial statements.
     MUFG Americas Holdings Corporation: ¥8,809,041 million (a 6,082 million yen increase as compared with March 31, 2017.)
     Bank of Ayudhya Public Company Limited: ¥4,022,469 million (a 359,620 million yen increase as compared with March 31, 2017.)
     Bank of Tokyo-Mitsubishi UFJ (China), Ltd.: ¥1,496,643 million (a 180,271 million yen increase as compared with March 31, 2017.)
     MUFG Bank (Europe) N.V.: ¥863,312 million (a 162,611 million yen increase as compared with March 31, 2017.)
     MUFG Bank (Malaysia) Berhad: ¥493,887 million (a 42,501 million yen increase as compared with March 31, 2017.)

 

29


Mitsubishi UFJ Financial Group, Inc.

 

12. Loans and Deposits

BK and TB Combined

 

     (in millions of yen)  
     As of
March 31, 2018

(A)
     Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Deposits (ending balance)

     160,799,777        5,300,999       155,498,777  

Deposits (average balance)

     158,125,973        8,407,184       149,718,788  

Loans (ending balance)

     93,727,957        (1,949,354     95,677,312  

Loans (average balance)

     95,206,469        (2,288,311     97,494,781  
BK Non-consolidated  
     (in millions of yen)  
     As of
March 31, 2018

(A)
     Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Deposits (ending balance)

     145,492,629        6,328,525       139,164,104  

Deposits (average balance)

     143,218,442        7,605,040       135,613,401  

Loans (ending balance)

     79,213,244        (2,180,818     81,394,063  

Loans (average balance)

     80,916,947        (2,999,348     83,916,295  
TB Non-consolidated  
     (in millions of yen)  
     As of
March 31, 2018

(A)
     Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Deposits (ending balance)

     15,307,147        (1,027,525     16,334,673  

Deposits (average balance)

     14,907,531        802,144       14,105,387  

Loans (ending balance)

     14,514,713        231,463       14,283,249  

Loans (average balance)

     14,289,522        711,037       13,578,485  

 

30


Mitsubishi UFJ Financial Group, Inc.

 

13. Domestic Deposits

BK and TB Combined

 

     (in millions of yen)  
     As of
March 31, 2018

(A)
     Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Individuals

     75,302,588          2,209,285        73,093,302  

Corporations and others

     63,134,680        2,084,314       61,050,366  

Domestic deposits

     138,437,269        4,293,600       134,143,669  

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

BK Non-consolidated  
     (in millions of yen)  
     As of
March 31, 2018

(A)
     Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Individuals

     67,612,602          2,260,140        65,352,462  

Corporations and others

     57,098,234        2,951,188       54,147,045  

Domestic deposits

     124,710,836        5,211,328       119,499,507  

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

TB Non-consolidated  
     (in millions of yen)  
     As of
March 31, 2018

(A)
     Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Individuals

     7,689,986        (50,854     7,740,840  

Corporations and others

     6,036,446        (866,874     6,903,320  

Domestic deposits

       13,726,432           (917,728       14,644,161  

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

 

31


Mitsubishi UFJ Financial Group, Inc.

 

14. Status of Deferred Tax Assets

BK Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets

 

     (in billions of yen)  
     As of
March 31, 2018
(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017
(B)
 

Deferred tax assets

     504.5       (26.7     531.3  

Allowance for credit losses

     195.0       (47.8     242.9  

Write-down on investment securities

     96.1       (4.4     100.5  

Unrealized losses on Available-for-sale securities

     5.7       (4.8     10.6  

Reserve for retirement benefits

     96.4       (1.5     97.9  

Reserve for contingent losses

     45.2       3.9       41.3  

Other

     181.3       20.9       160.3  

Valuation allowance

     (115.3     7.0       (122.4

Deferred tax liabilities

     946.6       59.7       886.8  

Unrealized gains on Available-for-sale securities

     770.3       98.8       671.5  

Net deferred gains on hedges

     31.8       (33.5     65.4  

Revaluation gains on securities upon merger

     60.7       (1.4     62.2  

Gains on securities contributed to employees’ retirement benefits trust

     46.9       (1.7     48.7  

Other

     36.5       (2.2     38.8  

Net deferred tax assets

     (442.0     (86.4     (355.5

(2) Net operating profits before provision for general allowance for credit losses and Taxable Income

 

     (in billions of yen)  
     FY2012       FY2013         FY2014         FY2015         FY2016         FY2017    

Net operating profits before provision for general allowance for credit losses

     1,001.5       855.9       931.4       888.1       666.9       554.3  

Total credit costs

     (56.6     17.0       (70.7     (103.4     (25.4     56.0  

Income before income taxes

     877.4       984.7       860.2       884.7       632.2       580.0  

Reconciliation to taxable income

     (561.4     (336.2     (12.6     (113.3     (86.2     (161.6

Taxable income

     316.0       648.5       847.5       771.3       546.0       418.3  

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

 

32


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets

 

     (in billions of yen)  
     As of
March 31, 2018
(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017
(B)
 

Deferred tax assets

     55.3       7.2       48.0  

Gains on securities related to employees’ retirement benefits trust

     28.2       5.9       22.2  

Allowance for credit losses

     11.4       (7.8     19.2  

Write-down on investment securities

     8.8       (0.0     8.9  

Deferred losses on hedging instruments

     —         (0.1     0.1  

Other

     41.8       10.1       31.7  

Valuation allowance

     (35.0     (0.7     (34.2

Deferred tax liabilities

     296.1       18.2       277.9  

Unrealized gains on Available-for-sale securities

     220.2       0.7       219.5  

Reserve for retirement benefits

     56.4       9.9       46.5  

Deferred gains on hedging instruments

     6.6       6.6       —    

Other

     12.7       0.8       11.9  

Net deferred tax assets

     (240.8     (10.9     (229.8

(2) Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses and Taxable Income

 

     (in billions of yen)  
       FY2012         FY2013         FY2014         FY2015         FY2016         FY2017    

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

     162.2       162.9       190.4       193.0       181.4       162.1  

Total credit costs

     (8.6     18.0       (0.4     (0.2     (22.5     23.4  

Income before income taxes

     173.5       184.4       201.4       218.6       156.3       249.7  

Reconciliation to taxable income

     (84.9     (94.3     (40.4     (68.1     1.8       (68.7

Taxable income

     88.6       90.1       160.9       150.4       158.1       181.0  

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

 

33


Mitsubishi UFJ Financial Group, Inc.

 

15. Retirement Benefits

MUFG Consolidated

(1) Benefit obligation

 

         (in millions of yen)  
         As of
March 31, 2018
(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017
(B)
 

Projected benefit obligation (reserve type)

   (A)     2,329,348       48,283       2,281,064  

Projected benefit obligation (non-reserve type)

   (B)     54,368       3,677       50,690  

Fair value of plan assets

   (C)     (3,198,789     (324,701     (2,874,087

Net amount recorded on the Consolidated Balance Sheet

   (A) + (B) - (C)     (815,072     (272,740     (542,332

Net defined benefit liability

       59,033       (11     59,045  

Net defined benefit asset

       (874,106     (272,728     (601,377

 

(2) Net periodic cost of retirement benefits

 

        
         (in millions of yen)  
         For the fiscal year
ended

March 31, 2018
(A)
    Increase
(Decrease)

(A) - (B)
    For the fiscal year
ended

March 31, 2017
(B)
 

Net periodic cost of retirement benefits regarding defined benefit pension plans

       49,863       (14,353     64,216  

Service cost

       57,638       (5,796     63,434  

Interest cost

       31,309       1,562       29,747  

Expected return on plan assets

       (103,138     (9,194     (93,944

Amortization of unrecognized prior service cost

       (5,873     (829     (5,043

Amortization of unrecognized net actuarial loss

       61,954       (403     62,357  

Other

       7,973       307       7,666  

(3) Assumptions used in calculation of projected benefit obligation

 

     As of March 31, 2018  

Discount rates

     Domestic consolidated subsidiaries        0.00% ~ 0.83%  
     Overseas consolidated subsidiaries        1.16% ~ 10.00%  

Expected return

     Domestic consolidated subsidiaries        0.07% ~ 4.10%  
     Overseas consolidated subsidiaries        1.80% ~ 10.00%  

 

34


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Benefit obligation

 

         (in millions of yen)  
         As of
March 31, 2018
(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017
(B)
 

Projected benefit obligation

 

(A)

     1,462,790       21,324       1,441,465  

Discount rates

       0.5%  ~ 0.8       0.6% ~ 0.9

Fair value of plan assets

 

(B)

     1,938,809       207,556       1,731,253  

Prepaid pension cost

 

(C)

     280,049       9,142       270,907  

Reserve for retirement benefits

 

(D)

     8,656       (282     8,939  

Total amount unrecognized

 

(A) - (B) + (C) -  (D)

     (204,625     (176,805     (27,819

Unrecognized net actuarial loss

       (197,933     (178,679     (19,254

Unrecognized prior service cost

       (6,692     1,873       (8,565
(2) Net periodic cost         
         (in millions of yen)  
         For the fiscal year
ended

March 31, 2018
(A)
    Increase
(Decrease)

(A) - (B)
    For the fiscal year
ended

March 31, 2017
(B)
 

Net periodic cost of retirement benefits

       56,603       2,148       54,455  

Service cost

       32,025       (2,493     34,519  

Interest cost

       13,629       1,651       11,978  

Expected return on plan assets

       (42,984     (2,770     (40,213

Amortization of unrecognized prior service cost

       (1,835     5       (1,841

Amortization of unrecognized net actuarial loss

       44,751       5,331       39,419  

Other

       11,017       423       10,593  

 

35


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Benefit obligation

 

 

          (in millions of yen)  
          As of
March 31, 2018

(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2017

(B)
 

Projected benefit obligation

   (A)      332,829       4,252       328,576  

Discount rates

        0.5%  ~ 0.8       0.6% ~ 0.9

Fair value of plan assets

   (B)      628,316       48,791       579,525  

Prepaid pension cost

   (C)      304,525       32,586       271,938  

Reserve for retirement benefits

   (D)      1,119       (35     1,154  

Total amount unrecognized

   (A) - (B) + (C) - (D)      7,918       (11,916     19,835  

Unrecognized net actuarial loss

        5,460       (11,691     17,152  

Unrecognized prior service cost

        2,457       (225     2,682  

(2) Net periodic cost

         
          (in millions of yen)  
          For the fiscal year
ended

March 31, 2018
(A)
    Increase
(Decrease)

(A) - (B)
    For the fiscal year
ended

March 31, 2017
(B)
 

Net periodic cost of retirement benefits

        (3,226     (4,588     1,362  

Service cost

        6,671       (495     7,167  

Interest cost

        2,737       510       2,227  

Expected return on plan assets

        (24,714     (5,191     (19,522

Amortization of unrecognized prior service cost

        225       1,603       (1,378

Amortization of unrecognized net actuarial loss

        11,474       (952     12,427  

Other

        378       (62     441  

 

36


Mitsubishi UFJ Financial Group, Inc.

 

(Reference)

1. Financial Statements

BK Non-consolidated

(1) Non-consolidated Balance Sheets

 

(in millions of yen)    As of
    March 31, 2017    
    As of
    March 31, 2018    
 

Assets:

    

Cash and due from banks

     48,385,157       57,089,293  

Call loans

     231,509       1,278,814  

Receivables under resale agreements

     348,126       244,912  

Receivables under securities borrowing transactions

     5,569,376       4,490,725  

Monetary claims bought

     4,113,172       3,807,898  

Trading assets

     5,445,506       4,607,164  

Money held in trust

     24,145       27,072  

Securities

     42,235,515       43,375,328  

Loans and bills discounted

     81,394,063       79,213,244  

Foreign exchanges

     1,760,583       2,742,011  

Other assets

     6,877,190       7,109,731  

Tangible fixed assets

     855,651       867,544  

Intangible fixed assets

     375,430       373,598  

Prepaid pension costs

     270,907       280,049  

Customers’ liabilities for acceptances and guarantees

     6,867,455       7,157,429  

Allowance for credit losses

     (563,216     (418,248
  

 

 

   

 

 

 

Total assets

     204,190,574       212,246,573  
  

 

 

   

 

 

 

 

37


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
    March 31, 2017    
    As of
    March 31, 2018    
 

Liabilities:

    

Deposits

     139,164,104       145,492,629  

Negotiable certificates of deposit

     6,536,329       5,331,764  

Call money

     372,403       382,944  

Payables under repurchase agreements

     4,417,551       7,117,130  

Payables under securities lending transactions

     3,042,298       5,677,815  

Commercial papers

     1,661,486       1,401,857  

Trading liabilities

     3,809,622       2,653,609  

Borrowed money

     16,425,610       15,791,852  

Foreign exchanges

     2,381,315       2,306,525  

Bonds payable

     3,269,912       2,509,716  

Other liabilities

     5,342,066       5,248,144  

Reserve for bonuses

     25,508       27,460  

Reserve for bonuses to directors

     114       96  

Reserve for stocks payment

     5,003       5,296  

Reserve for retirement benefits

     8,939       8,656  

Reserve for loyalty award credits

     1,375       1,342  

Reserve for contingent losses

     152,279       157,215  

Deferred tax liabilities

     355,549       442,022  

Deferred tax liabilities for land revaluation

     120,147       112,872  

Acceptances and guarantees

     6,867,455       7,157,429  
  

 

 

   

 

 

 

Total liabilities

     193,959,075       201,826,382  
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     1,711,958       1,711,958  

Capital surplus

     3,878,275       3,878,275  

Capital reserve

     1,711,958       1,711,958  

Other capital surplus

     2,166,317       2,166,317  

Retained earnings

     3,267,614       3,299,706  

Revenue reserve

     190,044       190,044  

Other retained earnings

     3,077,570       3,109,661  

Funds for retirement benefits

     2,432       2,432  

Other reserve

     718,196       718,196  

Earned surplus brought forward

     2,356,941       2,389,032  

Treasury stock

     (645,700     (645,700
  

 

 

   

 

 

 

Total shareholders’ equity

     8,212,148       8,244,239  
  

 

 

   

 

 

 

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

     1,642,412       1,885,661  

Net deferred gains (losses) on hedging instruments

     148,777       72,994  

Land revaluation excess

     228,160       217,295  
  

 

 

   

 

 

 

Total valuation and translation adjustments

     2,019,351       2,175,951  
  

 

 

   

 

 

 

Total net assets

     10,231,499       10,420,190  
  

 

 

   

 

 

 

Total liabilities and net assets

     204,190,574       212,246,573  
  

 

 

   

 

 

 

 

38


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(2) Non-consolidated Statements of Income

 

(in millions of yen)    For the fiscal year
ended

    March 31, 2017    
    For the fiscal year
ended

    March 31, 2018    
 

Ordinary income

         3,072,712           3,067,560  

Interest income

     1,667,790       1,786,907  

Interest on loans and bills discounted

     1,037,377       1,149,933  

Interest and dividends on securities

     474,162       409,646  

Fees and commissions

     660,690       636,827  

Trading income

     108,274       64,453  

Other operating income

     391,834       285,744  

Other ordinary income

     244,122       293,627  

Ordinary expenses

     2,440,506       2,430,468  

Interest expenses

     604,334       821,587  

Interest on deposits

     164,908       255,891  

Fees and commissions

     172,667       170,905  

Trading expenses

     —         981  

Other operating expenses

     242,845       107,321  

General and administrative expenses

     1,189,031       1,179,543  

Other ordinary expenses

     231,628       150,129  
  

 

 

   

 

 

 

Ordinary profits

     632,205       637,091  
  

 

 

   

 

 

 

Extraordinary gains

     11,780       2,763  

Extraordinary losses

     11,701       59,781  
  

 

 

   

 

 

 

Income before income taxes

     632,284       580,073  
  

 

 

   

 

 

 

Income taxes - current

     170,663       146,632  

Refund of income taxes

     (6,295     (17,311

Income taxes - deferred

     (13,539     13,041  
  

 

 

   

 

 

 

Total taxes

     150,828       142,362  
  

 

 

   

 

 

 

Net income

     481,455       437,710  
  

 

 

   

 

 

 

 

39


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Non-consolidated Balance Sheets

 

(in millions of yen)    As of
    March 31, 2017    
    As of
    March 31, 2018    
 

Assets:

    

Cash and due from banks

       10,689,804         11,987,067  

Call loans

     267,590       19,432  

Receivables under securities borrowing transactions

     114,804       115,696  

Monetary claims bought

     15       15  

Trading assets

     553,416       542,572  

Money held in trust

     10,681       113,606  

Securities

     13,829,880       13,665,278  

Loans and bills discounted

     14,283,249       14,514,713  

Foreign exchanges

     77,433       93,483  

Other assets

     827,574       869,371  

Tangible fixed assets

     146,688       140,358  

Intangible fixed assets

     62,020       65,777  

Prepaid pension costs

     271,938       304,525  

Customers’ liabilities for acceptances and guarantees

     260,386       236,964  

Allowance for credit losses

     (59,306     (33,138
  

 

 

   

 

 

 

Total assets

     41,336,180       42,635,723  
  

 

 

   

 

 

 

 

40


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
    March 31, 2017    
    As of
    March 31, 2018    
 

Liabilities:

    

Deposits

     16,334,673       15,307,147  

Negotiable certificates of deposit

     4,710,181       4,395,644  

Call money

     54,450       1,236,027  

Payables under repurchase agreements

     4,782,495       5,081,985  

Payables under securities lending transactions

     799,923       746,767  

Commercial papers

     540,057       531,309  

Trading liabilities

     139,686       73,981  

Borrowed money

     2,661,461       3,752,381  

Foreign exchanges

     38,157       42,709  

Short-term bonds payable

     239,999       —    

Bonds payable

     872,719       725,802  

Due to trust accounts

     6,738,770       7,163,530  

Other liabilities

     660,310       726,002  

Reserve for bonuses

     4,884       4,910  

Reserve for bonuses to directors

     57       62  

Reserve for stocks payment

     3,416       3,645  

Reserve for retirement benefits

     1,154       1,119  

Reserve for contingent losses

     7,478       13,218  

Deferred tax liabilities

     229,884       240,817  

Deferred tax liabilities for land revaluation

     4,335       4,232  

Acceptances and guarantees

     260,386       236,964  
  

 

 

   

 

 

 

Total liabilities

       39,084,484         40,288,258  
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     324,279       324,279  

Capital surplus

     422,083       425,265  

Capital reserve

     250,619       250,619  

Other capital surplus

     171,464       174,646  

Retained earnings

     977,978       1,066,508  

Revenue reserve

     73,714       73,714  

Other retained earnings

     904,264       992,794  

Funds for retirement benefits

     710       710  

Other reserve

     138,495       138,495  

Earned surplus brought forward

     765,059       853,589  
  

 

 

   

 

 

 

Total shareholders’ equity

     1,724,341       1,816,053  
  

 

 

   

 

 

 

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

     529,191       516,851  

Net deferred gains (losses) on hedging instruments

     (344     15,150  

Land revaluation excess

     (1,493     (589
  

 

 

   

 

 

 

Total valuation and translation adjustments

     527,353       531,412  
  

 

 

   

 

 

 

Total net assets

     2,251,695       2,347,465  
  

 

 

   

 

 

 

Total liabilities and net assets

     41,336,180       42,635,723  
  

 

 

   

 

 

 

 

41


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(2) Non-consolidated Statements of Income

 

(in millions of yen)    For the fiscal year
ended
    March 31, 2017    
    For the fiscal year
ended
    March 31, 2018    
 

Ordinary income

           622,721             704,515  

Trust fees

     94,645       96,401   

Interest income

     287,012       337,874  

Interest on loans and bills discounted

     99,323       117,805  

Interest and dividends on securities

     173,452       195,691  

Fees and commissions

     136,963       140,777  

Trading income

     1,017       15,651  

Other operating income

     73,617       30,361  

Other ordinary income

     29,465       83,449  

Ordinary expenses

     458,232       498,421  

Interest expenses

     128,740       183,530  

Interest on deposits

     24,583       30,811  

Fees and commissions

     31,056       35,919  

Trading expenses

     49       34  

Other operating expenses

     51,711       44,927  

General and administrative expenses

     212,608       207,301  

Other ordinary expenses

     34,066       26,707  
  

 

 

   

 

 

 

Ordinary profits

     164,488       206,093  
  

 

 

   

 

 

 

Extraordinary gains

     248       53,766  

Extraordinary losses

     8,432       10,076  
  

 

 

   

 

 

 

Income before income taxes

     156,305       249,784  
  

 

 

   

 

 

 

Income taxes - current

     50,055       59,884  

Income taxes - deferred

     (14,004     3,145  
  

 

 

   

 

 

 

Total taxes

     36,050       63,030  
  

 

 

   

 

 

 

Net income

     120,254       186,754  
  

 

 

   

 

 

 

 

42


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(3) Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship

 

(in millions of yen)    As of
    March 31, 2017    
     As of
    March 31, 2018    
 

Assets:

     

Loans and bills discounted

     204,237        306,755  

Securities

     53,054,465        53,976,806  

Beneficiary rights to the trust

     58,907,613        72,399,465  

Securities held in custody accounts

     3,259,572        3,121,503  

Monetary claims

     13,051,405        16,876,864  

Tangible fixed assets

     12,493,551        13,544,869  

Intangible fixed assets

     207,803        130,851  

Other claims

     3,950,126        3,645,903  

Call loans

     705,784        384,210  

Due from banking account

     9,100,260        9,626,979  

Cash and due from banks

     5,731,968        6,671,875  
  

 

 

    

 

 

 

Total

     160,666,790        180,686,086  
  

 

 

    

 

 

 

Liabilities:

     

Money trusts

     21,817,433        25,052,352  

Pension trusts

     12,741,687        11,946,499  

Property formation benefit trusts

     7,549        7,608  

Investment trusts

     63,323,815        77,208,657  

Money entrusted other than money trusts

     3,372,911        3,718,032  

Securities trusts

     5,399,262        5,200,280  

Monetary claim trusts

     12,195,074        15,977,728  

Equipment trusts

     66,298        72,741  

Land and fixtures trusts

     44,291        43,894  

Composite trusts

     41,698,466        41,458,291  
  

 

 

    

 

 

 

Total

     160,666,790        180,686,086  
  

 

 

    

 

 

 
Note:   1.  

The table shown above includes master trust assets under the service-shared co-trusteeship between TB 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 1,505 millions of yen as of March 31, 2018.

Detailed information for “Money trust” with contracts indemnifying the principal amounts

(including trusts for which beneficiary interests are re-entrusted)

(in millions of yen)    As of
    March 31, 2017    
     As of
    March 31, 2018    
 

Assets:

     

Loans and bills discounted

     18,293        16,186  

Securities

     89,677        80,292  

Other

     6,581,417        7,008,991  
  

 

 

    

 

 

 

Total

     6,689,388        7,105,470  
  

 

 

    

 

 

 

Liabilities:

     

Principal

     6,678,398        7,105,161  

Allowance for bad debts

     55        48  

Other

     10,934        260  
  

 

 

    

 

 

 

Total

         6,689,388            7,105,470  
  

 

 

    

 

 

 

 

43


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(4) Major Items

 

(in millions of yen)    As of
    March 31, 2017    
     As of
    March 31, 2018    
 

Total funds

       55,611,525          56,709,252  
  

 

 

    

 

 

 

Deposits

     16,334,673        15,307,147  

Negotiable certificates of deposit

     4,710,181        4,395,644  

Money trusts

     21,817,433        25,052,352  

Pension trusts

     12,741,687        11,946,499  

Property formation benefit trusts

     7,549        7,608  
  

 

 

    

 

 

 

Loans and bills discounted

     14,487,486        14,821,468  
  

 

 

    

 

 

 

Banking account

     14,283,249        14,514,713  

Trust account

     204,237        306,755  
  

 

 

    

 

 

 

Investment securities

     66,884,346        67,642,084  
  

 

 

    

 

 

 

 

Note: The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.

 

44

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