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.
March 31, 2018: 242,885 million yen;
March 31, 2017: 244,453 million yen
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.
(A) Changes
in accounting policies due to revision of accounting standards: No
*This Consolidated Summary Report (Tanshin) is outside the scope of the external auditors audit
procedure.
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 UKs 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 Chinas, 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.