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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of August 2023

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):

 

 

 

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THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-242048) 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 1, 2023

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Toshinao Endo

Name:   Toshinao Endo
Title:   Managing Director, Head of Documentation & Corporate Secretary Department, Corporate Administration Division

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LOGO

 

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2023

August 1, 2023

 

Company name:

    Mitsubishi UFJ Financial Group, Inc.

Stock exchange listings:

    Tokyo, Nagoya, New York

Code number:

    8306

URL

    https://www.mufg.jp/english/

Representative:

    Hironori Kamezawa, President & Group CEO

For inquiry:

   

Masahisa Takahashi, Managing Director,
Head of Financial Accounting and Reporting, Financial Accounting Office,
Financial Planning Division

   TEL +81-50-3613-1179

Quarterly securities report issuing date:

    August 14, 2023

Dividend payment date:

    -

Trading accounts:

    Established

Supplemental information for quarterly financial statements:

    Available

Quarterly investor meeting presentation:

    None

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

1. Consolidated Financial Data for the Three Months ended June 30, 2023

 

(1)

Results of Operations

 

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

For the three months ended

                 

June 30, 2023

      2,774,099        28.2        725,585        175.9       558,389        391.2  

June 30, 2022

      2,163,890        43.9        262,961        (42.9 )      113,685        (70.3 ) 

 

(*)

Comprehensive income

                                 June 30, 2023: 1,066,496 million yen, -   % ;                     June 30, 2022: (80,407) million yen, -   %

 

     Basic earnings
per share		      Diluted earnings
per share		  
     yen      yen  

For the three months ended

      

June 30, 2023

      46.44        46.29  

June 30, 2022

      9.03        8.94  

 

(2)

Financial Conditions

 

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

As of

         

June 30, 2023

      387,452,252        19,178,288        4.7  

March 31, 2023

      386,799,477        18,272,857        4.5  

(Reference) Shareholders’ equity as of    June 30, 2023: 18,074,377 million yen;    March 31, 2023: 17,231,291 million yen

 

(*)

“Equity-to-asset ratio” is computed under the formula shown below

                        (Total net assets - Non-controlling interests) / Total assets

2. Dividends on Common Stock

 

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

For the fiscal year

               

ended March 31, 2023

      —          16.00        —          16.00        32.00  

ending March 31, 2024

      —                

ending March 31, 2024 (Forecast)

         20.50        —          20.50        41.00  

 

(*)

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

3. Earnings Target for the Fiscal Year ending March 31, 2024 (Consolidated)

MUFG has the target of 1,300.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2024. (There is no change to our earnings target released on May 15, 2023.)

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.

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ø Notes

 

(1)

Changes in significant subsidiaries during the period: No

 

(2)

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

 

(3)

Changes in accounting policies, changes in accounting estimates and restatements

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

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

(C) Changes in accounting estimates: No

(D) Restatements: No

 

(4)

Number of common stocks outstanding at the end of the period

 

(A) Total stocks outstanding including treasury stocks:

    June 30, 2023      12,687,710,920 shares  
   March 31, 2023      12,687,710,920 shares  

(B) Treasury stocks:

    June 30, 2023      663,514,884 shares  
   March 31, 2023      664,065,483 shares  

(C) Average outstanding stocks:

    Three months ended June 30, 2023      12,023,926,078 shares  
   Three months ended June 30, 2022      12,586,897,926 shares  

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

ø Notes for using forecasted information etc.

 

1.

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

 

2.

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

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Mitsubishi UFJ Financial Group, Inc.

 

(Appendix)

Contents of Appendix

 

1.     Consolidated Financial Statements and Notes

      2  

(1) Consolidated Balance Sheets

      2  

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

      4  

(3) Notes on Going-Concern Assumption

      6  

(4) Notes for Material Changes in Shareholders’ Equity

      6  

(5) Additional Information

      6  

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Three Months Ended June 30, 2023”

 

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Mitsubishi UFJ Financial Group, Inc.

 

1. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

 

(in millions of yen)    As of
       March 31, 2023    		     As of
       June 30, 2023      		  

Assets:

     

Cash and due from banks

      113,630,172       108,256,996  

Call loans and bills bought

      618,223       789,288  

Receivables under resale agreements

      14,000,846       14,034,866  

Receivables under securities borrowing transactions

      4,549,792       4,199,976  

Monetary claims bought

      7,325,185       7,461,879  

Trading assets

      18,013,184       21,945,875  

Money held in trust

      1,287,020       1,432,670  

Securities

      86,746,900       82,089,566  

Loans and bills discounted

      109,146,272       112,152,610  

Foreign exchanges

      2,300,198       2,217,400  

Other assets

      15,195,896       18,534,754  

Tangible fixed assets

      1,220,172       1,210,063  

Intangible fixed assets

      1,358,124       1,425,622  

Net defined benefit assets

      1,325,434       1,362,599  

Deferred tax assets

      322,021       297,697  

Customers’ liabilities for acceptances and guarantees

      11,005,758       11,322,919  

Allowance for credit losses

      (1,245,727 )      (1,282,536 ) 
  

 

 

    

 

 

  

Total assets

      386,799,477       387,452,252  
  

 

 

    

 

 

  

Liabilities:

     

Deposits

      213,609,501       216,587,862  

Negotiable certificates of deposit

      13,632,559       14,598,689  

Call money and bills sold

      3,449,234       3,315,529  

Payables under repurchase agreements

      39,982,955       31,447,568  

Payables under securities lending transactions

      1,171,947       1,188,229  

Commercial papers

      2,220,723       2,668,458  

Trading liabilities

      14,716,820       15,942,478  

Borrowed money

      24,856,340       24,306,313  

Foreign exchanges

      2,570,412       2,436,410  

Short-term bonds payable

      1,047,499       1,395,997  

Bonds payable

      15,708,720       16,965,254  

Due to trust accounts

      11,689,414       10,712,533  

Other liabilities

      12,132,972       14,771,490  

Reserve for bonuses

      196,850       85,519  

Reserve for bonuses to directors

      3,639       1,299  

Reserve for stocks payment

      9,304       9,986  

Net defined benefit liabilities

      86,445       91,708  

Reserve for retirement benefits to directors

      830       701  

Reserve for loyalty award credits

      17,962       18,732  

Reserve for contingent losses

      164,891       145,417  

Reserves under special laws

      4,659       4,835  

Deferred tax liabilities

      157,651       167,607  

Deferred tax liabilities for land revaluation

      89,525       88,416  

Acceptances and guarantees

      11,005,758       11,322,919  
  

 

 

    

 

 

  

Total liabilities

      368,526,620       368,273,963  
  

 

 

    

 

 

  

 

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Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
       March 31, 2023    		     As of
       June 30, 2023      		  

Net assets:

     

Capital stock

      2,141,513       2,141,513  

Capital surplus

      349,661       349,661  

Retained earnings

      12,739,228       13,105,543  

Treasury stock

      (481,091 )      (480,740 ) 
  

 

 

    

 

 

  

Total shareholders’ equity

      14,749,310       15,115,976  
  

 

 

    

 

 

  

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

      800,955       854,574  

Net deferred gains (losses) on hedging instruments

      (387,079 )      (431,463 ) 

Land revaluation excess

      135,526       134,741  

Foreign currency translation adjustments

      1,792,840       2,287,024  

Remeasurements of defined benefit plans

      140,485       132,295  

Debt value adjustments of foreign subsidiaries and affiliates

      (747 )      (18,773 ) 
  

 

 

    

 

 

  

Total accumulated other comprehensive income

      2,481,980       2,958,400  
  

 

 

    

 

 

  

Non-controlling interests

      1,041,565       1,103,911  
  

 

 

    

 

 

  

Total net assets

      18,272,857       19,178,288  
  

 

 

    

 

 

  

Total liabilities and net assets

      386,799,477       387,452,252  
  

 

 

    

 

 

  

 

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Mitsubishi UFJ Financial Group, Inc.

 

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

Consolidated Statements of Income

 

(in millions of yen)    For the three months
ended
    June 30, 2022    		     For the three months
ended
       June 30, 2023       		 

Ordinary income

                   2,163,890                 2,774,099   

Interest income

      1,205,351       1,671,075  

Interest on loans and bills discounted

      492,571       901,940  

Interest and dividends on securities

      593,771       314,009  

Trust fees

      35,524       33,215  

Fees and commissions

      412,122       457,534  

Trading income

      29,574       109,429  

Other operating income

      228,979       205,728  

Other ordinary income

      252,339       297,114  

Ordinary expenses

      1,900,929       2,048,513  

Interest expenses

      218,827       1,086,946  

Interest on deposits

      84,304       417,834  

Fees and commissions

      78,495       89,326  

Trading expenses

      1,129       326  

Other operating expenses

      705,372       59,144  

General and administrative expenses

      700,110       705,048  

Other ordinary expenses

      196,992       107,720  
  

 

 

    

 

 

  

Ordinary profits

      262,961       725,585  
  

 

 

    

 

 

  

Extraordinary gains

      5,222       6,997  

Gains on disposition of fixed assets

      5,222       6,997  

Extraordinary losses

      27,140       29,521  

Losses on disposition of fixed assets

      2,672       3,690  

Losses on impairment of fixed assets

      732       3,596  

Provision for reserve for contingent liabilities from financial instruments transactions

      24       176  

Losses on change in equity

      23,711       22,058  
  

 

 

    

 

 

  

Profits before income taxes

      241,043       703,061  
  

 

 

    

 

 

  

Income taxes-current

      102,529       104,058  

Income taxes-deferred

      4,589       23,442  
  

 

 

    

 

 

  

Total taxes

      107,119       127,500  
  

 

 

    

 

 

  

Profits

      133,924       575,560  
  

 

 

    

 

 

  

Profits attributable to non-controlling interests

      20,238       17,171  
  

 

 

    

 

 

  

Profits attributable to owners of parent

      113,685       558,389  
  

 

 

    

 

 

  

 

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Mitsubishi UFJ Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

(in millions of yen)    For the three months
ended
    June 30, 2022    		     For the three months
ended
       June 30, 2023       		 

Profits

                     133,924                   575,560  

Other comprehensive income

     

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

      (730,211 )      45,712  

Net deferred gains (losses) on hedging instruments

      (155,595 )      (45,231 ) 

Foreign currency translation adjustments

      558,197                 233,712  

Remeasurements of defined benefit plans

      (9,635 )      (8,359 ) 

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

      122,913       265,101  
  

 

 

    

 

 

  

Total other comprehensive income

      (214,331 )      490,935  
  

 

 

    

 

 

  

Comprehensive income

      (80,407 )      1,066,496  
  

 

 

    

 

 

  

(Comprehensive income attributable to)

     

Comprehensive income attributable to owners of parent

      (125,568 )      1,035,593  

Comprehensive income attributable to non-controlling interests

      45,160       30,902  

 

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(3) Notes on Going-Concern Assumption

None.

(4) Notes for Material Changes in Shareholders’ Equity

None.

(5) Additional Information

(Estimated impact of the COVID-19 pandemic and the Russia-Ukraine situation relating to allowance for credit losses)

The process of calculating allowance for credit losses in our principal consolidated domestic banking subsidiaries involves various estimates such as determination of counterparty credit ratings which are based on evaluation and classification of counterparties’ debt-service capacity, assessment of the value of collateral provided by borrowers, and adjustments for future loss projections and other factors to the loss rates calculated based on historical credit loss experience.

Among these, internal credit ratings are assigned to counterparties based on qualitative factors such as the current and expected future business environment of the industry to which they belong as well as their management and funding risks in addition to quantitative financial evaluations through an analysis of their financial results. In particular, the uncertain business environment caused by such factors as the prolonged COVID-19 pandemic and Russia-Ukraine situation has had a significant impact on the financial position and operating results of certain counterparties. Determination of internal credit ratings for these counterparties may be highly dependent on our assessment of the prospects of improvements in their operating results and their ability to continue as going concerns.

When calculating allowance for credit losses, MUFG Bank, Ltd., our principal consolidated domestic banking subsidiary, determines expected loss rates primarily by calculating a rate of loss based on a historical average of the credit loss rate or a historical average of the default probability derived from actual credit loss experience or actual bankruptcy experience and making necessary adjustments based on future projections and other factors. The subsidiary makes such adjustments based on future loss projections and other factors to loss rates calculated based on historical loss experience, when and to the extent such adjustments are deemed appropriate, by taking into account the rate of increase in the credit loss rate or the default probability in a more recent period, additional expected losses and other factors, especially in light of the COVID-19 pandemic and the Russia-Ukraine situation. The amount of impact of these adjustments was ¥64,269 million as of June 30, 2023 (¥69,569 million as of March 31, 2023).

In addition, certain overseas subsidiaries which apply Generally Accepted Accounting Principles in the United States (“U.S. GAAP”) have adopted Accounting Standards Codification Topic 326, “Financial Instruments—Credit losses,” provide for allowance for credit losses by estimating credit losses currently expected for the remaining term of the relevant contracts. Expected credit losses are calculated using a quantitative model that reflects economic forecast scenarios based on macroeconomic variables. The calculation process includes determination of macroeconomic variables used in multiple economic forecast scenarios and the weightings applied to each economic forecast scenario. Expected credit losses are adjusted for qualitative factors to compensate for expected credit losses that are not reflected in a quantitative model.

Significant assumptions used in our calculation of allowance for credit losses, including those described above, are subject to uncertainty. In particular, certain counterparties’ prospects of improvements in their operating results and expectations as to their ability to continue as going concerns, and adjustments to the rate of loss calculated based on actual experience for future projections and other factors, as well as determination of the macroeconomic variables used in, and the weightings applied to, multiple economic forecast scenarios, and adjustments thereto for qualitative factors, by certain subsidiaries which apply U.S. GAAP, are based on estimation relating to the economic environment with respect to which objective data are not readily available.

The outlook relating to the COVID-19 pandemic and the Russia-Ukraine situation, which are expected to further impact our counterparties’ operating environment and the economic environment, remains subject to significant uncertainty. Accordingly, we make certain assumptions, including that, COVID-19 restrictions on economic activity will be eased globally and normalization of economic activity will further progress, and that the uncertainty in the business environment caused by the Russia-Ukraine situation will remain. The recorded allowance for credit losses represents our best estimation made in a manner designed to ensure objectivity and rationality.

 

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Mitsubishi UFJ Financial Group, Inc.

 

For the three-month period ended June 30, 2023, the assumptions for making estimates relating to allowance for credit losses remained substantially unchanged because the observable changes subsequent to the end of the previous fiscal year in the factors and circumstances underlying the outlook relating to the COVID-19 pandemic and the Russia-Ukraine situation were not sufficiently significant to cause such change in the assumptions. However, these assumptions are highly uncertain, and significant additional provision for credit losses may be recognized for the six-month period ending September 30, 2023 and subsequent reporting periods due to these and other factors and circumstances affecting the financial performance of counterparties or the economic environment.

(Provisional closing of accounts of a significant equity-method affiliate)

Morgan Stanley, a significant equity-method affiliate of MUFG, closes its financial accounts based on a fiscal year-end of December 31 and, previously, the equity method of accounting was applied to Morgan Stanley’s consolidated financial statements as of the end of Morgan Stanley’s quarterly reporting period. However, from the perspective of providing financial information in a more timely manner, MUFG has decided to make modifications so that the equity method of accounting will be applied to Morgan Stanley based on a provisional closing of Morgan Stanley’s accounts as of the end of MUFG’s quarterly reporting period, effective from the beginning of the three months ended June 30, 2023.

Accordingly, for MUFG’s quarterly reporting period ended June 30, 2023, the equity method of accounting is applied to Morgan Stanley’s consolidated financial statements based on a provisional closing of accounts for the six-month period from January 1, 2023 to June 30, 2023, and MUFG’s consolidated financial statements for the quarterly reporting period ended June 30, 2023 reflect the impact of such provisional closing of accounts of Morgan Stanley.

For the period from January 1, 2023 to March 31, 2023, equity in earnings of the equity method investees related to Morgan Stanley is ¥101,560 million, losses on change in equity related to Morgan Stanley is ¥22,058 million, and share of other comprehensive income of associates accounted for using equity method related to Morgan Stanley included in other comprehensive income is ¥271,194 million.

 

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Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2023

 

 

 

 

 

 

 

Mitsubishi UFJ Financial Group, Inc.

    LOGO         

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Mitsubishi UFJ Financial Group, Inc.

[Contents]               

 

1. Financial Results  

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

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

      1  

2. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the “FRA”)

  

[MUFG Consolidated]

[BK and TB Combined including Trust Account]

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

[TB Non-consolidated : Trust Account]

      5  
3. Securities  

[MUFG Consolidated]

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

      6  
4. ROE   [MUFG Consolidated]      9  
5. Average Interest Rate Spread  

[BK and TB Combined]

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

      10  

6. Loans and Deposits

  

[BK and TB Combined]

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

      11  
7. Statements of Trust Assets and Liabilities   [TB Non-consolidated]      12  

 

(*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.

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Mitsubishi UFJ Financial Group, Inc.

 

1. Financial Results

MUFG Consolidated

 

     (in millions of yen)  
     For the three months ended             Increase        
(Decrease)
(A)  - (B)		  
       June 30, 2023  
(A)		       June 30, 2022  
(B)		  

Gross profits

      1,241,301       1,124,813       116,487  

Gross profits before credit costs for trust accounts

      1,241,301       1,124,813       116,487  

Net interest income

      584,190       986,884       (402,694 ) 

Trust fees

      33,215       35,524       (2,309 ) 

Credit costs for trust accounts (1)

      —         —         —    

Net fees and commissions

      368,208       333,626       34,581  

Net trading profits

      109,103       35,510       73,592  

Net other operating profits

      146,584       (266,731 )      413,315  

Net gains (losses) on debt securities

      49,804       (406,103 )      455,907  

General and administrative expenses

      684,692       699,628       (14,936 ) 

Amortization of goodwill

      4,324       4,873       (549 ) 

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

      560,933       430,059       130,874  

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

      556,609       425,185       131,423  

Provision for general allowance for credit losses (2)

      392       11,235       (10,843 ) 

Net operating profits*1

      557,001       436,420       120,580  

Net non-recurring gains (losses)

      168,584       (173,458 )      342,043  

Credit costs (3)

      (69,169 )      (125,189 )      56,019  

Losses on loan write-offs*2

      (30,435 )      (82,599 )      52,163  

Provision for specific allowance for credit losses

      (39,086 )      (44,787 )      5,701  

Other credit costs

      352       2,197       (1,845 ) 

Reversal of allowance for credit losses (4)

      —         —         —    

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

      1,531       19,016       (17,484 ) 

Gains on loans written-off (6)

      25,602       20,962       4,640  

Net gains (losses) on equity securities

      43,765       19,020       24,745  

Gains on sales of equity securities

      46,786       73,709       (26,923 ) 

Losses on sales of equity securities

      (1,595 )      (8,215 )      6,620  

Losses on write-down of equity securities

      (1,424 )      (46,473 )      45,048  

Equity in earnings of equity method investees

      199,921       123,039       76,882  

Other non-recurring gains (losses)*2

      (33,067 )      (230,307 )      197,239  
  

 

 

    

 

 

    

 

 

  

Ordinary profits

      725,585       262,961       462,624  
  

 

 

    

 

 

    

 

 

  

Net extraordinary gains (losses)

      (22,524 )      (21,918 )      (606 ) 

Net gains (losses) on disposition of fixed assets

      3,307       2,550       756  

Losses on impairment of fixed assets

      (3,596 )      (732 )      (2,863 ) 

Losses on change in equity

      (22,058 )      (23,711 )      1,653  

Profits before income taxes

      703,061       241,043       462,018  

Income taxes-current

      104,058       102,529       1,528  

Income taxes-deferred

      23,442       4,589       18,852  

Total taxes

      127,500       107,119       20,381  

Profits

      575,560       133,924       441,636  

Profits attributable to non-controlling interests

      17,171       20,238       (3,066 ) 
  

 

 

    

 

 

    

 

 

  

Profits attributable to owners of parent

      558,389       113,685       444,703  
  

 

 

    

 

 

    

 

 

  
Note:       

*1. 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

 

*2. In connection with the planned sale of the shares in MUFG Union Bank, N.A., an aggregate of ¥271,288 million of losses were recognized for the three months ended June 30, 2022, primarily in accordance with Accounting Standards Codification (“ASC”) Topic 326, “Financial Instruments—Credit losses,” and ASC Topic 310, “Receivables.” These losses consist mainly of ¥217,761 million of valuation losses related to securities held for sale, which are included in Other non-recurring gains (losses), and ¥44,472 million of valuation losses related to loans held for sale, which are included in Losses on loan write-offs.

  

  

(Reference)

       

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

      (41,643 )      (73,975 )      32,332  

 

1

Table of Contents

Mitsubishi UFJ Financial Group, Inc.

 

BK and TB Combined

 

     (in millions of yen)  
     For the three months ended             Increase        
(Decrease)
(A) - (B)		  
       June 30, 2023  
(A)		       June 30, 2022  
(B)		  

Gross profits

      838,786       615,704       223,082  

Gross profits before credit costs for trust accounts

      838,786       615,704       223,082  

Net interest income

      478,939       767,859       (288,919 ) 

Trust fees

      28,805       28,247       558  

Credit costs for trust accounts (1)

      —         —         —    

Net fees and commissions

      170,318       122,347       47,970  

Net trading profits

      45,122       (2,353 )      47,475  

Net other operating profits

      115,600       (300,396 )      415,996  

Net gains (losses) on debt securities

      50,014       (406,512 )      456,527  

General and administrative expenses

      374,056       330,337       43,719  

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

      464,730       285,366       179,363  

Provision for general allowance for credit losses (2)

      (61 )      —         (61 ) 

Net operating profits

      464,668       285,366       179,301  

Net non-recurring gains (losses)

      24,983       52,443       (27,459 ) 

Credit costs (3)

      (4,294 )      (19,235 )      14,940  

Reversal of allowance for credit losses (4)

      9,345       19,546       (10,200 ) 

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

      2,248       18,624       (16,376 ) 

Gains on loans written-off (6)

      6,954       2,310       4,643  

Net gains (losses) on equity securities

      41,711       17,192       24,518  

Gains on sales of equity securities

      45,144       72,650       (27,505 ) 

Losses on sales of equity securities

      (1,740 )      (8,385 )      6,645  

Losses on write-down of equity securities

      (1,693 )      (47,072 )      45,379  

Other non-recurring gains (losses)

      (30,981 )      14,004       (44,986 ) 
  

 

 

    

 

 

    

 

 

  

Ordinary profits

      489,651       337,810       151,841  
  

 

 

    

 

 

    

 

 

  

Net extraordinary gains (losses)

      6,438       1,682       4,756  

Income before income taxes

      496,090       339,493       156,597  

Income taxes-current

      83,540       72,894       10,645  

Income taxes-deferred

      (9,078 )      17,531       (26,610 ) 

Total taxes

      74,461       90,426       (15,964 ) 
  

 

 

    

 

 

    

 

 

  

Net income

      421,628       249,066       172,561  
  

 

 

    

 

 

    

 

 

  

(Reference)

       

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

      14,192       21,246       (7,054 ) 

Credit costs for trust accounts

      —         —         —    

Provision for general allowance for credit losses

      15,977       28,254       (12,276 ) 

Provision for special allowance for credit losses

      (6,967 )      (13,511 )      6,543  

Allowance for credit to specific foreign borrowers

      273       4,802       (4,529 ) 

Losses on loans write-offs

      (4,373 )      (15,799 )      11,426  

Provision for contingent losses included in credit costs

      2,248       18,607       (16,358 ) 

Gains on loans written-off

      6,954       2,310       4,643  

Losses on sales of other loans, etc.

      78       (3,417 )      3,496  

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities

      414,715       691,879       (277,164 ) 

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation

      359,961       247,659       112,302  

 

2

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Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

 

     (in millions of yen)  
     For the three months ended             Increase        
(Decrease)
(A) - (B)		  
       June 30, 2023  
(A)		       June 30, 2022  
(B)		  

Gross profits

      757,922       485,208       272,713  

Net interest income

      448,113       502,371       (54,257 ) 

Net fees and commissions

      150,103       100,590       49,512  

Net trading profits

      31,704       19,630       12,074  

Net other operating profits

      128,001       (137,383 )      265,384  

Net gains (losses) on debt securities

      44,412       (220,855 )      265,267  

General and administrative expenses

      320,523       280,150       40,372  

Amortization of goodwill

      941       404       536  

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

      438,340       205,462       232,877  

Net operating profits before provision for general allowance for credit losses

      437,399       205,057       232,341  

Provision for general allowance for credit losses (1)

      —         —         —    

Net operating profits

      437,399       205,057       232,341  

Net non-recurring gains (losses)

      32,647       47,048       (14,401 ) 

Credit costs (2)

      (4,294 )      (19,217 )      14,922  

Reversal of allowance for credit losses (3)

      9,345       19,413       (10,067 ) 

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

      2,185       18,624       (16,439 ) 

Gains on loans written-off (5)

      6,954       2,310       4,643  

Net gains (losses) on equity securities

      33,554       12,923       20,631  

Gains on sales of equity securities

      36,285       67,520       (31,234 ) 

Losses on sales of equity securities

      (1,694 )      (7,882 )      6,188  

Losses on write-down of equity securities

      (1,036 )      (46,714 )      45,677  

Other non-recurring gains (losses)

      (15,098 )      12,993       (28,091 ) 

Ordinary profits

      470,046       252,105       217,940  

Net extraordinary gains (losses)

      6,478       1,414       5,063  

Income before income taxes

      476,524       253,520       223,003  

Income taxes-current

      82,498       53,874       28,623  

Income taxes-deferred

      (10,832 )      18,667       (29,499 ) 

Total taxes

      71,666       72,542       (876 ) 
  

 

 

    

 

 

    

 

 

  

Net income

      404,858       180,977       223,880  
  

 

 

    

 

 

    

 

 

  

(Reference)

       

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

      14,190       21,131       (6,940 ) 

Provision for general allowance for credit losses

      16,039       28,121       (12,081 ) 

Provision for special allowance for credit losses

      (6,967 )      (13,511 )      6,543  

Allowance for credit to specific foreign borrowers

      273       4,802       (4,529 ) 

Losses on loans write-off

      (4,373 )      (15,799 )      11,426  

Provision for contingent losses included in credit costs

      2,185       18,624       (16,439 ) 

Gains on loans written-off

      6,954       2,310       4,643  

Losses on sales of other loans, etc.

      78       (3,417 )      3,496  

Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities

      392,986       425,912       (32,925 ) 

Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation

      359,618       187,050       172,567  

 

3

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Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

 

     (in millions of yen)  
     For the three months ended             Increase        
(Decrease)
(A) - (B)		  
       June 30, 2023  
(A)		       June 30, 2022  
(B)		  

Gross profits

      80,864       130,495       (49,631 ) 

Gross profits before credit costs for trust accounts

      80,864       130,495       (49,631 ) 

Trust fees

      28,805       28,247       558  

Credit costs for trust accounts (1)

      —         —         —    

Net interest income

      30,825       265,488       (234,662 ) 

Net fees and commissions

      20,215       21,757       (1,541 ) 

Net trading profits

      13,417       (21,983 )      35,401  

Net other operating profits

      (12,400 )      (163,013 )      150,612  

Net gains (losses) on debt securities

      5,602       (185,657 )      191,260  

General and administrative expenses

      53,533       50,186       3,346  

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

      27,331       80,309       (52,978 ) 

Provision for general allowance for credit losses (2)

      (61 )      —         (61 ) 

Net operating profits

      27,269       80,309       (53,040 ) 

Net non-recurring gains (losses)

      (7,663 )      5,395       (13,058 ) 

Credit costs (3)

      —         (17 )      17  

Reversal of allowance for credit losses (4)

      —         133       (133 ) 

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

      63       —         63  

Gains on loans written-off (6)

      0       0       (0 ) 

Net gains (losses) on equity securities

      8,156       4,268       3,887  

Gains on sales of equity securities

      8,858       5,129       3,729  

Losses on sales of equity securities

      (45 )      (502 )      456  

Losses on write-down of equity securities

      (656 )      (358 )      (298 ) 

Other non-recurring gains (losses)

      (15,883 )      1,010       (16,894 ) 

Ordinary profits

      19,605       85,704       (66,099 ) 

Net extraordinary gains (losses)

      (39 )      267       (307 ) 

Income before income taxes

      19,565       85,972       (66,406 ) 

Income taxes-current

      1,042       19,019       (17,977 ) 

Income taxes-deferred

      1,753       (1,136 )      2,889  

Total taxes

      2,795       17,883       (15,088 ) 
  

 

 

    

 

 

    

 

 

  

Net income

      16,770       68,088       (51,318 ) 
  

 

 

    

 

 

    

 

 

  

(Reference)

       

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

      1       115       (114 ) 

Credit costs for trust accounts

      —         —         —    

Provision for general allowance for credit losses

      (61 )      133       (195 ) 

Provision for special allowance for credit losses

      —         —         —    

Allowance for credit to specific foreign borrowers

      —         —         —    

Losses on loans write-offs

      —         —         —    

Provision for contingent losses included in credit costs

      63       (17 )      80  

Gains on loans written-off

      0       0       (0 ) 

Losses on sales of other loans, etc.

      —         —         —    

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities

      21,728       265,966       (244,238 ) 

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation

      343       60,608       (60,265 ) 

 

4

Table of Contents

Mitsubishi UFJ Financial Group, Inc.

 

2. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the “FRA”)

MUFG Consolidated

(after write-offs)

 

     (in millions of yen)  
     As of
June 30, 2023		     As of
March 31, 2023		  

Bankrupt or De facto Bankrupt

      206,430       198,312  

Doubtful

      789,227       746,207  

Special Attention

      582,881       618,892  

Accruing loans contractually past due 3 months or more

      26,536       23,679  

Restructured loans

      556,344       595,212  

Subtotal (A)

      1,578,538       1,563,411  

Normal(B)

      124,995,832       121,766,210  

Total loans (C=A+B)

      126,574,371       123,329,622  

Non-performing loans ratio (A)/(C)

      1.24 %      1.26 % 

BK and TB Combined including Trust Account

(after write-offs)

 

     (in millions of yen)  
     As of
June 30, 2023		     As of
March 31, 2023		  

Bankrupt or De facto Bankrupt

      67,932       74,448  

Doubtful

      572,635       546,567  

Special Attention

      426,830       464,199  

Accruing loans contractually past due 3 months or more

      18,855       17,167  

Restructured loans

      407,974       447,032  

Subtotal (A)

      1,067,397       1,085,215  

Normal(B)

      112,153,526       109,665,679  

Total loans (C=A+B)

      113,220,924       110,750,895  

Non-performing loans ratio (A)/(C)

      0.94 %      0.97 % 

BK Non-consolidated

(after write-offs)

 

     (in millions of yen)  
     As of
June 30, 2023		     As of
March 31, 2023		  

Bankrupt or De facto Bankrupt

      67,797       74,313  

Doubtful

      570,715       544,648  

Special Attention

      426,830       464,199  

Accruing loans contractually past due 3 months or more

      18,855       17,167  

Restructured loans

      407,974       447,032  

Subtotal (A)

      1,065,343       1,083,162  

Normal(B)

      109,479,505       107,103,161  

Total loans (C=A+B)

      110,544,849       108,186,323  

Non-performing loans ratio (A)/(C)

      0.96 %      1.00 % 

TB Non-consolidated

(after write-offs)

 

     (in millions of yen)  
     As of
June 30, 2023		     As of
March 31, 2023		  

Bankrupt or De facto Bankrupt

      134       134  

Doubtful

      1,919       1,919  

Special Attention

      —         —    

Accruing loans contractually past due 3 months or more

      —         —    

Restructured loans

      —         —    

Subtotal (A)

      2,053       2,053  

Normal(B)

      2,670,376       2,558,578  

Total loans (C=A+B)

      2,672,430       2,560,632  

Non-performing loans ratio (A)/(C)

      0.07 %      0.08 % 

TB Non-consolidated: Trust Account

(after write-offs)

 

     (in millions of yen)  
     As of
June 30, 2023		      As of
March 31, 2023		  

Bankrupt or De facto Bankrupt

      —          —    

Doubtful

      —          —    

Special Attention

      —          —    

Accruing loans contractually past due 3 months or more

      —          —    

Restructured loans

      —          —    

Subtotal (A)

      —          —    

Normal(B)

      3,645        3,939  

Total loans (C=A+B)

      3,645        3,939  

Non-performing loans ratio (A)/(C)

      —          —    

 

5

Table of Contents

Mitsubishi UFJ Financial Group, Inc.

 

3. Securities

MUFG Consolidated

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

 

     (in millions of yen)  
     As of June 30, 2023     As of March 31, 2023  
     Amount on
consolidated
balance sheet		      Unrealized
gains (losses)		     Amount on
consolidated
balance sheet		      Unrealized
gains (losses)		  

Debt securities being held to maturity

      23,037,161        (190,854 )      21,520,080        (133,925 ) 
     (in millions of yen)  
     As of June 30, 2023     As of March 31, 2023  
   Amount on
consolidated
balance sheet		      Unrealized
gains (losses)		     Amount on
consolidated
balance sheet		      Unrealized
gains (losses)		  

Available-for-sale securities

      58,902,079        1,594,842       65,121,075        1,420,165  

Domestic equity securities

      4,763,650        3,225,853       4,271,923        2,720,728  

Domestic bonds

      26,309,224        (101,023 )      29,751,905        (120,020 ) 

Other

      27,829,205        (1,529,987 )      31,097,247        (1,180,541 ) 

Foreign equity securities

      466,942        (77,506 )      408,377        (65,604 ) 

Foreign bonds

      18,647,013        (1,413,419 )      21,710,161        (1,116,208 ) 

Other

      8,715,248        (39,061 )      8,978,707        1,271  

 

6

Table of Contents

Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

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

 

     (in millions of yen)  
     As of June 30, 2023     As of March 31, 2023  
   Amount on
balance sheet		      Unrealized
gains (losses)		     Amount on
balance sheet		      Unrealized
gains (losses)		  

Debt securities being held to maturity

      20,383,283        (128,223 )      19,047,385        (78,497 ) 

Stocks of subsidiaries and affiliates

      610,147        590,785       610,147        482,330  
     (in millions of yen)  
     As of June 30, 2023     As of March 31, 2023  
   Amount on
balance sheet		      Unrealized
gains (losses)		     Amount on
balance sheet		      Unrealized
gains (losses)		  

Available-for-sale securities

      42,415,332        1,495,654       50,631,570        1,276,158  

Domestic equity securities

      3,991,048        2,648,246       3,566,081        2,212,225  

Domestic bonds

      24,519,167        (67,129 )      28,013,980        (79,159 ) 

Other

      13,905,116        (1,085,461 )      19,051,508        (856,907 ) 

Foreign equity securities

      424,933        (86,830 )      367,745        (73,953 ) 

Foreign bonds

      7,876,076        (817,807 )      12,565,104        (672,998 ) 

Other

      5,604,106        (180,823 )      6,118,658        (109,954 ) 

 

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Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

The tables include securitized products in “Monetary claims bought” in addition to “Securities”.

 

     (in millions of yen)  
     As of June 30, 2023     As of March 31, 2023  
   Amount on
balance sheet		      Unrealized
gains (losses)		     Amount on
balance sheet		      Unrealized
gains (losses)		  

Debt securities being held to maturity

      2,653,878        (62,630 )      2,472,695        (55,428 ) 

Stocks of subsidiaries and affiliates

      13,636        (851 )      11,636        (758 ) 
     (in millions of yen)  
     As of June 30, 2023     As of March 31, 2023  
   Amount on
balance sheet		      Unrealized
gains (losses)		     Amount on
balance sheet		      Unrealized
gains (losses)		  

Available-for-sale securities

      12,670,374        215,252       10,871,284        208,580  

Domestic equity securities

      825,008        551,094       745,387        467,925  

Domestic bonds

      1,759,793        (34,028 )      1,705,587        (40,984 ) 

Other

      10,085,572        (301,813 )      8,420,308        (218,360 ) 

Foreign equity securities

      94        74       81        63  

Foreign bonds

      7,856,914        (446,678 )      6,367,896        (334,590 ) 

Other

      2,228,563        144,790       2,052,330        116,165  

 

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Mitsubishi UFJ Financial Group, Inc.

 

4. ROE

MUFG Consolidated

 

     (%)  
     For the three months
ended
June 30, 2023		      For the nine months
ended
June 30, 2022		  

ROE

      13.15        2.93  

Note:

ROE is computed as follows:

 

Profits attributable to owners of parent × 4

   

 

×100

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

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

 

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Mitsubishi UFJ Financial Group, Inc.

 

5. Average Interest Rate Spread

BK and TB Combined

 

     (percentage per annum)  
(Domestic business segment)    For the three months
ended
June 30, 2023		      For the three months
ended
June 30, 2022		  

Average interest rate on loans and bills discounted

      0.77        0.73  

Average interest rate on deposits and NCD

      0.00        0.00  

Interest rate spread

      0.76        0.72  

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

      

Average interest rate on loans and bills discounted

      0.79        0.76  

Interest rate spread

      0.79        0.75  

BK Non-consolidated

 

     (percentage per annum)  
(Domestic business segment)    For the three months
ended
June 30, 2023		      For the three months
ended
June 30, 2022		  

Average interest rate on loans and bills discounted

      0.77        0.74  

Average interest rate on deposits and NCD

      0.00        0.00  

Interest rate spread

      0.77        0.74  

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

      

Average interest rate on loans and bills discounted

      0.79        0.76  

Interest rate spread

      0.79        0.75  

TB Non-consolidated

 

     (percentage per annum)  
(Domestic business segment)    For the three months
ended
June 30, 2023		      For the three months
ended
June 30, 2022		  

Average interest rate on loans and bills discounted

      0.55        0.37  

Average interest rate on deposits and NCD

      0.01        0.01  

Interest rate spread

      0.53        0.35  

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

      

Average interest rate on loans and bills discounted

      0.71        0.73  

Interest rate spread

      0.69        0.71  

 

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Mitsubishi UFJ Financial Group, Inc.

 

6. Loans and Deposits

BK and TB Combined

 

     (in millions of yen)  
     As of
June 30, 2023		     As of
March 31, 2023		  

Deposits (ending balance)

      205,737,892       203,348,641  

Deposits (average balance)

      208,931,246       200,346,332  

Loans (ending balance)

      101,918,917       99,399,851  

Loans (average balance)

      104,208,986       99,744,310  
     (in millions of yen)  
     As of
June 30, 2023		     As of
March 31, 2023		  

Domestic deposits (ending balance)*

      172,791,318       173,000,185  

Individuals

      92,008,580       90,854,622  

Note:

  *

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

BK Non-consolidated

 

     (in millions of yen)  
     As of
June 30, 2023		     As of
March 31, 2023		  

Deposits (ending balance)

      194,699,842       192,272,289  

Deposits (average balance)

      197,740,832       189,034,788  

Loans (ending balance)

      99,600,262       97,127,749  

Loans (average balance)

      101,875,141       97,137,135  
     (in millions of yen)  
     As of
June 30, 2023		     As of
March 31, 2023		  

Domestic deposits (ending balance)*

      163,345,937       163,527,394  

Individuals

      85,968,970       84,718,547  

Note:

  *

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

TB Non-consolidated

 

     (in millions of yen)  
     As of
June 30, 2023		     As of
March 31, 2023		  

Deposits (ending balance)

      11,038,050       11,076,351  

Deposits (average balance)

      11,190,413       11,311,544  

Loans (ending balance)

      2,318,654       2,272,102  

Loans (average balance)

      2,333,844       2,607,174  
     (in millions of yen)  
     As of
June 30, 2023		     As of
March 31, 2023		  

Domestic deposits (ending balance)*

      9,445,381       9,472,790  

Individuals

      6,039,610       6,136,075  

Note:

  *

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

 

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Mitsubishi UFJ Financial Group, Inc.

 

7. Statements of Trust Assets and Liabilities

TB Non-consolidated

Including trust assets under service-shared co-trusteeship

 

(in millions of yen)    As of
  March 31, 2023    		     As of
        June 30, 2023    		  

Assets:

     

Loans and bills discounted

      1,277,875       1,181,438  

Securities

      70,547,100       69,663,931  

Beneficiary rights to the trust

      118,934,755       119,078,168  

Securities held in custody accounts

      2,933,178       3,484,033  

Monetary claims

      32,819,251       32,687,181  

Tangible fixed assets

      20,879,125       21,283,491  

Intangible fixed assets

      165,299       168,650  

Other claims

      3,189,442       2,930,688  

Call loans

      3,673,857       3,679,959  

Due from banking account

      10,620,708       9,726,767  

Cash and due from banks

      6,927,037       6,841,263  
  

 

 

    

 

 

  

Total

      271,967,632       270,725,574  
  

 

 

    

 

 

  

Liabilities:

     

Money trusts

      33,565,350       31,565,437  

Pension trusts

      12,233,123       12,127,014  

Property formation benefit trusts

      6,273       6,203  

Investment trusts

      122,338,610       122,288,884  

Money entrusted other than money trusts

      6,153,057       6,075,921  

Securities trusts

      5,361,672       5,847,952  

Monetary claim trusts

      28,813,961       28,667,894  

Equipment trusts

      166,695       176,230  

Land and fixtures trusts

      18,626       18,553  

Composite trusts

      63,310,260       63,951,481  
  

 

 

    

 

 

  

Total

      271,967,632       270,725,574  
  

 

 

    

 

 

  

 

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 280,332 millions of yen as of March 31, 2023 and 291,802 millions of yen as of June 30, 2023, respectively.

 

12

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