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 November 2015

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):

 

 

 


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: November 13, 2015

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Yasuo Matsumoto

Name:   Yasuo Matsumoto
Title:   Chief Manager, Documentation &
Corporate Secretary Department,
  Corporate Administration Division


LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the six months ended September 30, 2015

November 13, 2015

 

Company name:    Mitsubishi UFJ Financial Group, Inc.    Stock exchange listings:    Tokyo, Nagoya, New York
Code number:    8306    URL    http://www.mufg.jp/   
Representative:    Nobuyuki Hirano, President & Group CEO   
For inquiry:   

Kazutaka Yoneda, General Manager - Financial Planning Division / Financial Accounting Office

TEL (03) 3240-3110

Quarterly securities report issuing date:    November 27, 2015    Dividend payment date:        December 4, 2015
Trading accounts:                                       Established      
Supplemental information for quarterly financial statements:    Available   
Quarterly investor meeting presentation:    Scheduled (for investors and analysts)

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

1. Consolidated Financial Data for the Six Months ended September 30, 2015

(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
 
Six months ended    million yen      %      million yen      %      million yen      %  

September 30, 2015

     2,991,884         8.3         969,908         2.1         599,321         3.6   

September 30, 2014

     2,761,541         6.9         949,892         11.7         578,716         9.1   

 

(*) Comprehensive income
     September 30, 2015: 52,662 million yen, (95.5) %    ;     September 30, 2014: 1,163,937 million yen, 26.5 %

 

     Basic earnings
per share
     Diluted earnings
per share
 
Six months ended    yen      yen  

September 30, 2015

     42.97         42.76   

September 30, 2014

     40.86         40.66   

(2) Financial Conditions

 

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

September 30, 2015

     289,165,030         17,119,928         5.2   

March 31, 2015

     286,149,768         17,287,533         5.4   

(Reference) Shareholders’ equity as of      September 30, 2015: 15,117,639 million yen;      March 31, 2015: 15,317,940 million yen

 

  (*) “Equity-to-asset ratio” is computed under the formula shown below
     (Total net assets - Subscription rights to shares - Non-controlling interests) / Total assets

2. Dividends on Common Stock

 

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

ended March 31, 2015

     —           9.00         —           9.00         18.00   

ending March 31, 2016

     —           9.00         ——           ——           ——     

ending March 31, 2016 (Forecast)

     ——           ——           —           9.00         18.00   

 

  (*) 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, 2016 (Consolidated)

MUFG has the target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2016. (There is no change to our earnings target released on May 15, 2015.)

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.


LOGO Notes

 

(1) Changes in significant subsidiaries during the period: No

 

(2) Changes in accounting policies, changes in accounting estimates and restatements

 

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

 

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

 

  (C) Changes in accounting estimates: No

 

  (D) Restatements: No

 

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

 

(A) Total stocks outstanding including treasury stocks:

   September 30, 2015      14,168,853,820 shares   
   March 31, 2015      14,168,853,820 shares   

(B) Treasury stocks:

   September 30, 2015      258,525,438 shares   
   March 31, 2015      151,014,803 shares   

(C) Average outstanding stocks:

   Six months ended September 30, 2015      13,948,270,022 shares   
   Six months ended September 30, 2014      14,164,063,621 shares   

(Reference) Summary of non-consolidated financial data

Non-consolidated Financial Data for the Six Months ended September 30, 2015

(1) Results of Operations

 

     (% represents the change from the same period in the previous fiscal year)  
     Operating Income      Operating Profits      Ordinary Profits      Net Income  
Six months ended    million yen      %      million yen      %      million yen      %      million yen      %  

September 30, 2015

     319,952         29.0         307,959         29.9         300,567         30.4         300,795         30.3   

September 30, 2014

     247,952         114.8         236,988         122.7         230,411         131.2         230,901         132.5   

 

     Basic earnings
per share
 
Six months ended    yen  

September 30, 2015

     21.56   

September 30, 2014

     16.30   

(2) Financial Conditions

 

     Total Assets      Total Net Assets      Equity-to-asset  ratio  
As of    million yen      million yen      %  

September 30, 2015

     10,831,331         8,434,464         77.8   

March 31, 2015

     10,646,262         8,357,950         78.4   

(Reference) Shareholders’ equity as of        September 30, 2015: 8,426,682 million yen;        March 31, 2015: 8,349,679 million yen

* Disclosure regarding the execution of the interim audit process

This “Consolidated Summary Report” (Quarterly “Tanshin”) is outside the scope of the external auditor’s interim audit procedure which is required by “Financial Instruments and Exchange Act”. Therefore, the interim audit process has not been completed as of this disclosure in the “Consolidated Summary Report”.

* Notes for using forecasted information etc.

 

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

 

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


Mitsubishi UFJ Financial Group, Inc.

 

(Appendix)

Contents of Appendix

 

1.      Qualitative Information Pertaining to Consolidated Earnings and others for the Six Months ended September 30, 2015

     2   

(1)    Qualitative Information Pertaining to Consolidated Earnings Target

     2   

2.      Consolidated Financial Statements

     3   

(1)    Consolidated Balance Sheets

     3   

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

     5   

(3)    Consolidated Statements of Changes in Net Assets

     7   

(4)    Notes on Going-Concern Assumption

     9   

3.      Non-consolidated Financial Statements

     10   

(1)    Non-consolidated Balance Sheets

     10   

(2)    Non-consolidated Statements of Income

     11   

(3)    Non-consolidated Statements of Changes in Net Assets

     12   

(4)    Notes on Going-Concern Assumption

     14   

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Six Months Ended September 30, 2015”

 

(*) 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:   November 13, 2015 (Friday)  
Explanation for investors and analysts:   November 20, 2015 (Friday)  

 

1


Mitsubishi UFJ Financial Group, Inc.

 

1. Qualitative Information Pertaining to Consolidated Earnings and others for the Six Months ended September 30, 2015

(1) Qualitative Information Pertaining to Consolidated Earnings Target

MUFG has the target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2016. (There is no change to our earnings target released on May 15, 2015.)

As for other figures released on May 15, 2015, MUFG has revised some of them taking into account the performance of interim results as shown in the following table.

(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 consolidated net income instead of a forecast of its performance.)

[Reference]

MUFG Consolidated

 

(in billions of Japanese yen)    For the fiscal year
ending
March 31, 2016
    For the six months
ended
September 30, 2015
(Results)
    For the fiscal year
ended
March 31, 2015
(Results)
    For the six months
ended
September 30,  2014
(Results)
 

Total credit costs

     (120.0     (31.0     (161.6     41.1   

Ordinary profits (losses)

     1,580.0        969.9        1,713.0        949.8   
  

 

 

   

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     950.0        599.3        1,033.7        578.7   
  

 

 

   

 

 

   

 

 

   

 

 

 
<2 Banks on a stand-alone basis>   

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

        

Net business profits
before provision for general allowance for credit losses

     840.0        480.4        931.4        490.6   

Total credit costs

     0.0        21.2        (70.7     66.9   

Ordinary profits (losses)

     870.0        538.3        902.6        547.2   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

     610.0        379.6        571.7        354.4   
  

 

 

   

 

 

   

 

 

   

 

 

 

Mitsubishi UFJ Trust and Banking Corporation

        

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

     185.0        95.6        190.4        88.9   

Total credit costs

     (5.0     1.3        (0.4     9.3   

Ordinary profits (losses)

     185.0        99.5        210.0        110.1   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

     140.0        70.3        140.7        73.3   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

2


Mitsubishi UFJ Financial Group, Inc.

 

2. Consolidated Financial Statements

 

(1) Consolidated Balance Sheets

 

(in millions of yen)   

As of
March 31, 2015

  

As of
September 30, 2015

Assets:

     

Cash and due from banks

  

40,488,318

  

47,609,270

Call loans and bills bought

  

604,625

  

506,797

Receivables under resale agreements

  

7,342,335

  

6,719,502

Receivables under securities borrowing transactions

  

4,633,544

  

6,739,900

Monetary claims bought

  

4,570,712

  

4,508,286

Trading assets

  

20,810,617

  

20,065,719

Money held in trust

  

700,218

  

671,710

Securities

  

73,538,191

  

66,699,109

Loans and bills discounted

  

109,368,340

  

111,837,805

Foreign exchanges

  

2,187,311

  

1,924,703

Other assets

  

10,119,936

  

10,038,538

Tangible fixed assets

  

1,352,727

  

1,365,334

Intangible fixed assets

  

1,297,277

  

1,286,220

Net defined benefit assets

  

504,761

  

559,204

Deferred tax assets

  

114,919

  

99,830

Customers’ liabilities for acceptances and guarantees

  

9,511,714

  

9,448,531

Allowance for credit losses

  

(995,784)

  

(915,433)

  

 

  

 

Total assets

  

286,149,768

  

289,165,030

  

 

  

 

Liabilities:

     

Deposits

  

153,357,410

  

154,490,569

Negotiable certificates of deposit

  

16,073,850

  

14,686,591

Call money and bills sold

  

3,600,104

  

3,912,914

Payables under repurchase agreements

  

21,899,506

  

22,240,719

Payables under securities lending transactions

  

8,205,350

  

9,086,489

Commercial papers

  

2,179,634

  

2,747,454

Trading liabilities

  

15,521,917

  

15,636,905

Borrowed money

  

13,866,196

  

14,235,256

Foreign exchanges

  

1,496,476

  

1,732,488

Short-term bonds payable

  

789,512

  

813,305

Bonds payable

  

8,141,713

  

7,947,587

Due to trust accounts

  

3,183,295

  

3,820,689

Other liabilities

  

9,530,371

  

10,024,019

Reserve for bonuses

  

90,360

  

80,731

Reserve for bonuses to directors

  

454

  

209

Net defined benefit liabilities

  

62,121

  

59,210

Reserve for retirement benefits to directors

  

1,086

  

949

Reserve for loyalty award credits

  

15,375

  

17,104

Reserve for contingent losses

  

204,790

  

161,070

Reserves under special laws

  

3,771

  

4,100

Deferred tax liabilities

  

988,550

  

760,540

Deferred tax liabilities for land revaluation

  

138,669

  

137,662

Acceptances and guarantees

  

9,511,714

  

9,448,531

  

 

  

 

Total liabilities

  

268,862,234

  

272,045,101

  

 

  

 

 

3


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)   

As of
March 31, 2015

  

As of
September 30, 2015

Net assets:

     

Capital stock

   2,141,513    2,141,513

Capital surplus

   1,428,403    1,426,314

Retained earnings

   7,860,410    8,358,034

Treasury stock

   (101,661)    (198,903)
  

 

  

 

Total shareholders’ equity

   11,328,666    11,726,959
  

 

  

 

Net unrealized gains (losses) on other securities

   2,835,091    2,156,395

Net deferred gains (losses) on hedging instruments

   83,194    129,428

Land revaluation excess

   172,350    172,589

Foreign currency translation adjustments

   951,547    980,821

Remeasurements of defined benefit plans

   (52,909)    (48,554)
  

 

  

 

Total accumulated other comprehensive income

   3,989,274    3,390,680
  

 

  

 

Subscription rights to shares

   8,271    7,782

Non-controlling interests

   1,961,322    1,994,506
  

 

  

 

Total net assets

   17,287,533    17,119,928
  

 

  

 

Total liabilities and net assets

   286,149,768    289,165,030
  

 

  

 

 

4


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 six months
ended
September 30, 2014
     For the six months
ended
September 30, 2015
 

Ordinary income

     2,761,541         2,991,884   

Interest income

     1,323,557         1,394,968   

Interest on loans and bills discounted

     859,679         918,153   

Interest and dividends on securities

     296,355         311,129   

Trust fees

     54,145         58,581   

Fees and commissions

     702,157         756,548   

Trading income

     144,820         189,350   

Other business income

     241,648         279,233   

Other ordinary income

     295,212         313,201   

Ordinary expenses

     1,811,648         2,021,975   

Interest expenses

     287,828         318,627   

Interest on deposits

     133,687         151,490   

Fees and commissions

     94,502         114,994   

Other business expenses

     70,669         135,905   

General and administrative expenses

     1,252,344         1,297,774   

Other ordinary expenses

     106,304         154,674   
  

 

 

    

 

 

 

Ordinary profits

     949,892         969,908   
  

 

 

    

 

 

 

Extraordinary gains

     10,300         1,237   

Gains on disposition of fixed assets

     1,141         1,237   

Gains on change in equity

     9,159         —     

Extraordinary losses

     79,271         44,386   

Losses on disposition of fixed assets

     4,012         6,240   

Losses on impairment of fixed assets

     3,789         1,804   

Provision for reserve for contingent liabilities from financial instruments transactions

     419         328   

Losses on change in equity

     33,291         36,013   

Provision for reserve for contingent losses

     34,477         —     

Losses on sales of equity securities of subsidiaries

     3,280         —     
  

 

 

    

 

 

 

Income before income taxes and others

     880,922         926,759   
  

 

 

    

 

 

 

Income taxes-current

     184,924         187,742   

Income taxes-deferred

     57,617         71,204   
  

 

 

    

 

 

 

Total taxes

     242,542         258,946   
  

 

 

    

 

 

 

Profits

     638,380         667,812   
  

 

 

    

 

 

 

Profits attributable to non-controlling interests

     59,664         68,491   
  

 

 

    

 

 

 

Profits attributable to owners of parent

     578,716         599,321   
  

 

 

    

 

 

 

 

5


Mitsubishi UFJ Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

(in millions of yen)    For the six months
ended
September 30, 2014
    For the six months
ended
September 30, 2015
 

Profits

     638,380        667,812   

Other comprehensive income

    

Net unrealized gains (losses) on other securities

     591,559        (679,716

Net deferred gains (losses) on hedging instruments

     64,788        43,897   

Land revaluation excess

     —          326   

Foreign currency translation adjustments

     (73,777     (6,450

Remeasurements of defined benefit plans

     7,468        3,771   

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

     (64,481     23,020   
  

 

 

   

 

 

 

Total other comprehensive income

     525,556        (615,150
  

 

 

   

 

 

 

Comprehensive income

     1,163,937        52,662   
  

 

 

   

 

 

 

(Comprehensive income attributable to)

    

Comprehensive income attributable to owners of parent

     1,110,313        (10,354

Comprehensive income attributable to non-controlling interests

     53,623        63,017   

 

6


Mitsubishi UFJ Financial Group, Inc.

 

(3) Consolidated Statements of Changes in Net Assets

For the six months ended September 30, 2014

 

    (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 other
securities
    Net deferred gains
(losses) on hedging
instruments
 

Balance at the beginning of the period

    2,140,488        2,174,384        7,033,125        (1,699     11,346,299        1,218,397        8,295   

Cumulative effects of changes in accounting policies

      (346,454     57,909          (288,545    
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Restated balance

    2,140,488        1,827,929        7,091,035        (1,699     11,057,754        1,218,397        8,295   

Changes during the period

             

Issuance of new shares-exercise of subscription rights to shares

    960        959            1,920       

Dividends from retained earnings

        (136,444       (136,444    

Profits attributable to owners of parent

        578,716          578,716       

Repurchase of treasury stock

          (390,017     (390,017    

Disposal of treasury stock

      0          1        1       

Retirement of treasury stock

      (390,000       390,000        —         

Reversal of land revaluation excess

        (2,215       (2,215    

Changes in subsidiaries’ equity

      588            588       

Net changes of items other than shareholders’ equity

              611,395        64,732   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    960        (388,452     440,056        (15     52,549        611,395        64,732   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    2,141,449        1,439,477        7,531,092        (1,714     11,110,304        1,829,793        73,028   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

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

Balance at the beginning of the period

    157,776        407,229        (81,937     1,709,760        8,732        2,048,101        15,112,895   

Cumulative effects of changes in accounting policies

      (219     (152     (371       (14,360     (303,277
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Restated balance

    157,776        407,010        (82,090     1,709,388        8,732        2,033,741        14,809,617   

Changes during the period

             

Issuance of new shares-exercise of subscription rights to shares

                1,920   

Dividends from retained earnings

                (136,444

Profits attributable to owners of parent

                578,716   

Repurchase of treasury stock

                (390,017

Disposal of treasury stock

                1   

Retirement of treasury stock

                —     

Reversal of land revaluation excess

                (2,215

Changes in subsidiaries’ equity

                588   

Net changes of items other than shareholders’ equity

    2,215        (152,789     8,258        533,812        (825     (52,092     480,893   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    2,215        (152,789     8,258        533,812        (825     (52,092     533,443   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    159,991        254,220        (73,832     2,243,201        7,906        1,981,648        15,343,060   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

7


Mitsubishi UFJ Financial Group, Inc.

 

For the six months ended September 30, 2015

 

    (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 other
securities
    Net deferred gains
(losses) on hedging
instruments
 

Balance at the beginning of the period

    2,141,513        1,428,403        7,860,410        (101,661     11,328,666        2,835,091        83,194   

Changes during the period

             

Dividends from retained earnings

        (126,179       (126,179    

Profits attributable to owners of parent

        599,321          599,321       

Repurchase of treasury stock

          (100,056     (100,056    

Disposal of treasury stock

      (1,181       2,814        1,632       

Reversal of land revaluation excess

        88          88       

Change of application of equity method

        24,394          24,394       

Changes in subsidiaries’ equity

      (907         (907    

Net changes of items other than shareholders’ equity

              (678,696     46,234   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    —          (2,089     497,624        (97,242     398,293        (678,696     46,234   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    2,141,513        1,426,314        8,358,034        (198,903     11,726,959        2,156,395        129,428   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

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

Balance at the beginning of the period

    172,350        951,547        (52,909     3,989,274        8,271        1,961,322        17,287,533   

Changes during the period

             

Dividends from retained earnings

                (126,179

Profits attributable to owners of parent

                599,321   

Repurchase of treasury stock

                (100,056

Disposal of treasury stock

                1,632   

Reversal of land revaluation excess

                88   

Change of application of equity method

                24,394   

Changes in subsidiaries’ equity

                (907

Net changes of items other than shareholders’ equity

    238        29,273        4,355        (598,593     (488     33,184        (565,898
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    238        29,273        4,355        (598,593     (488     33,184        (167,604
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    172,589        980,821        (48,554     3,390,680        7,782        1,994,506        17,119,928   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

8


Mitsubishi UFJ Financial Group, Inc.

 

(4) Notes on Going-Concern Assumption

Not applicable

 

9


Mitsubishi UFJ Financial Group, Inc.

 

3. Non-consolidated Financial Statements

 

(1) Non-consolidated Balance Sheets

 

(in millions of yen)   

As of

March 31, 2015

  

As of

September 30, 2015

Assets:

     

Current assets:

     

Cash and due from banks

   71,674    143,873

Accounts receivable

   147,935    76,798

Others

   2,498    3,288
  

 

  

 

Total current assets

   222,109    223,960
  

 

  

 

Fixed assets:

     

Tangible fixed assets

   402    374

Intangible fixed assets

   8,436    9,050

Investments and other assets:

   10,415,313    10,597,946

Investments in subsidiaries and affiliates

   10,186,842    10,186,842

Others

   228,471    411,104
  

 

  

 

Total fixed assets

   10,424,152    10,607,371
  

 

  

 

Total assets

   10,646,262    10,831,331
  

 

  

 

Liabilities:

     

Current liabilities:

     

Short-term borrowings

   1,824,447    1,753,398

Lease liabilities

   21    21

Income taxes payable

   67    77

Reserve for bonuses and reserve for bonuses to directors

   473    481

Others

   18,816    15,354
  

 

  

 

Total current liabilities

   1,843,826    1,769,334
  

 

  

 

Fixed liabilities:

     

Bonds payable

   440,500    585,500

Long-term borrowings

   3,938    41,995

Lease liabilities

   34    25

Others

   11    11
  

 

  

 

Total fixed liabilities

   444,484    627,532
  

 

  

 

Total liabilities

   2,288,311    2,396,867
  

 

  

 

Net assets:

     

Shareholders’ equity:

     

Capital stock

   2,141,513    2,141,513

Capital surplus:

     

Capital reserve

   2,141,524    2,141,524

Other capital surplus

   1,470,006    1,468,824
  

 

  

 

Total capital surplus

   3,611,530    3,610,348
  

 

  

 

Retained earnings:

     

Other retained earnings:

     

Other reserve

   150,000    150,000

Earned surplus brought forward

   2,682,257    2,856,873
  

 

  

 

Total retained earnings

   2,832,257    3,006,873
  

 

  

 

Treasury stock

   (100,147)    (197,366)
  

 

  

 

Total shareholders’ equity

   8,485,153    8,561,369
  

 

  

 

Valuation and translation adjustments:

     

Net deferred gains (losses) on hedging instruments

   (135,474)    (134,686)
  

 

  

 

Total valuation and translation adjustments

   (135,474)    (134,686)
  

 

  

 

Subscription rights to shares

   8,271    7,782
  

 

  

 

Total net assets

   8,357,950    8,434,464
  

 

  

 

Total liabilities and net assets

   10,646,262    10,831,331
  

 

  

 

 

10


Mitsubishi UFJ Financial Group, Inc.

 

(2)    Non-consolidated Statements of Income

 

     
(in millions of yen)   

For the six months
ended
September 30, 2014

  

For the six months
ended
September 30, 2015

Operating income

   247,952    319,952

Operating expenses

   10,963    11,993
  

 

  

 

Operating profits

   236,988    307,959
  

 

  

 

Non-operating income

   8,143    7,600

Non-operating expenses

   14,719    14,992
  

 

  

 

Ordinary profits

   230,411    300,567
  

 

  

 

Extraordinary gains

   —      —  

Extraordinary losses

   3    0
  

 

  

 

Income before income taxes

   230,408    300,567
  

 

  

 

Income taxes-current

   (16,143)    (400)

Income taxes-deferred

   15,649    172
  

 

  

 

Total taxes

   (493)    (228)
  

 

  

 

Net income

   230,901    300,795
  

 

  

 

 

11


Mitsubishi UFJ Financial Group, Inc.

 

(3) Non-consolidated Statements of Changes in Net Assets

For the six months ended September 30, 2014

 

    (in millions of yen)  
    Shareholders’ equity  
    Capital stock     Capital surplus     Retained earnings  
      Capital reserve     Other capital surplus     Other retained earnings  
          Other reserve     Earned surplus
brought forward
 

Balance at the beginning of the period

    2,140,488        2,140,501        1,860,006        150,000        2,392,816   

Changes during the period

         

Issuance of new shares-exercise of subscription rights to shares

    960        959         

Dividends from retained earnings

            (136,444

Net income

            230,901   

Repurchase of treasury stock

         

Disposal of treasury stock

        0       

Retirement of treasury stock

        (390,000    

Net changes of items other than shareholders’ equity

         
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    960        959        (390,000     —          94,457   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    2,141,449        2,141,460        1,470,006        150,000        2,487,273   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    (in millions of yen)  
    Shareholders’ equity     Valuation and
translation
adjustments
    Subscription rights
to shares
    Total net assets  
    Treasury stock     Total shareholders’
equity
    Net deferred gains
(losses) on hedging
instruments
     

Balance at the beginning of the period

    (105     8,683,707        (69,224     8,732        8,623,215   

Changes during the period

         

Issuance of new shares-exercise of subscription rights to shares

      1,920            1,920   

Dividends from retained earnings

      (136,444         (136,444

Net income

      230,901            230,901   

Repurchase of treasury stock

    (390,017     (390,017         (390,017

Disposal of treasury stock

    1        1            1   

Retirement of treasury stock

    390,000        —              —     

Net changes of items other than shareholders’ equity

        (23,937     (825     (24,763
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    (15     (293,638     (23,937     (825     (318,402
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    (121     8,390,068        (93,162     7,906        8,304,813   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

12


Mitsubishi UFJ Financial Group, Inc.

 

For the six months ended September 30, 2015

 

    (in millions of yen)  
    Shareholders’ equity  
          Capital surplus     Retained earnings  
    Capital stock     Capital reserve     Other capital surplus     Other retained earnings  
          Other reserve     Earned surplus
brought forward
 

Balance at the beginning of the period

    2,141,513        2,141,524        1,470,006        150,000        2,682,257   

Changes during the period

         

Dividends from retained earnings

            (126,179

Net income

            300,795   

Repurchase of treasury stock

         

Disposal of treasury stock

        (1,181    

Net changes of items other than shareholders’ equity

         
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    —          —          (1,181     —          174,615   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    2,141,513        2,141,524        1,468,824        150,000        2,856,873   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    (in millions of yen)  
    Shareholders’ equity     Valuation and
translation
adjustments
             
    Treasury stock     Total shareholders’
equity
    Net deferred gains
(losses) on hedging
instruments
    Subscription rights
to shares
    Total net assets  

Balance at the beginning of the period

    (100,147     8,485,153        (135,474     8,271        8,357,950   

Changes during the period

         

Dividends from retained earnings

      (126,179         (126,179

Net income

      300,795            300,795   

Repurchase of treasury stock

    (100,032     (100,032         (100,032

Disposal of treasury stock

    2,814        1,632            1,632   

Net changes of items other than shareholders’ equity

        787        (488     298   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    (97,218     76,215        787        (488     76,513   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    (197,366     8,561,369        (134,686     7,782        8,434,464   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

13


Mitsubishi UFJ Financial Group, Inc.

 

(4) Notes on Going-Concern Assumption

Not applicable

 

14


 

 

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

Mitsubishi UFJ Financial Group, Inc.

     LOGO            


Mitsubishi UFJ Financial Group, Inc.

[Contents]

 

1. Financial Results

   [ MUFG Consolidated ]*1
[ BTMU and MUTB Combined ]*2*3*4
     ——        1   
   [ BTMU Consolidated ][ BTMU Non-consolidated ]      
   [ MUTB Consolidated ][ MUTB Non-consolidated ]      

2. Average Interest Rate Spread

  

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

[ BTMU and MUTB Combined ]

     ——        7   

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

  

[ MUFG Consolidated ][ BTMU Consolidated ]

[ MUTB Consolidated ]

     ——        8   

4. Securities

  

[ MUFG Consolidated ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

     ——        9   

5. ROE

   [ MUFG Consolidated ]      ——        12   

6. Risk-Adjusted Capital Ratio

   [ MUFG Consolidated ][ BTMU Consolidated ]
[ MUTB Consolidated ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]
     ——        13   

7. Risk-Monitored Loans

  

[ MUFG Consolidated ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

[ MUTB Non-consolidated : Trust Account ]

     ——        14   

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

  

[ BTMU and MUTB Combined including Trust Account ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

[ MUTB Non-consolidated : Trust Account ]

     ——        18   

9. Progress in Disposition of Problem Assets

  

[ BTMU Non-consolidated ]

[ MUTB Non-consolidated including Trust Account ]

     ——        23   

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

  

[ BTMU and MUTB Combined including Trust Accounts ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

[ MUTB Non-consolidated : Trust Accounts ]

     ——        25   

11. Overseas Loans

   [ BTMU and MUTB Combined ]      ——        29   

12. Loans and Deposits

  

[ BTMU and MUTB Combined ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

     ——        30   

13. Domestic Deposits

  

[ BTMU and MUTB Combined ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

     ——        31   

14. Status of Deferred Tax Assets

   [ BTMU Non-consolidated ][ MUTB Non-consolidated ]      ——        32   

(References)

        

1. Exposure to “Securitized Products and Related Investments”

     ——        34   

2. Financial Statements

   [ BTMU Non-consolidated ][ MUTB Non-consolidated ]      ——        36   

 

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


Mitsubishi UFJ Financial Group, Inc.

 

1. Financial Results

MUFG Consolidated

 

     (in millions of yen)  
     For the six months ended     Increase
(Decrease)
(A) - (B)
 
     September 30, 2015
(A)
    September 30, 2014
(B)
   

Gross profits

     2,109,178        2,013,397        95,781   

Gross profits before credit costs for trust accounts

     2,109,178        2,012,926        96,252   

Net interest income

     1,076,365        1,035,797        40,567   

Trust fees

     58,581        54,145        4,435   

Credit costs for trust accounts (1)

     0        471        (470

Net fees and commissions

     641,554        607,655        33,898   

Net trading profits

     189,350        144,820        44,530   

Net other business profits

     143,327        170,978        (27,650

Net gains (losses) on debt securities

     82,150        89,302        (7,152

General and administrative expenses

     1,288,965        1,235,563        53,402   

Amortization of goodwill

     8,886        7,544        1,342   

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

     829,099        784,907        44,191   

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

     820,212        777,363        42,849   

Provision for general allowance for credit losses (2)

     —          —          —     

Net business profits*

     820,213        777,834        42,378   

Net non-recurring gains (losses)

     149,695        172,058        (22,362

Credit costs (3)

     (104,379     (72,105     (32,274

Losses on loan write-offs

     (65,246     (57,215     (8,030

Provision for specific allowance for credit losses

     —          —          —     

Other credit costs

     (39,133     (14,889     (24,243

Reversal of allowance for credit losses (4)

     44,442        80,655        (36,213

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

     —          4,484        (4,484

Gains on loans written-off (6)

     28,926        27,670        1,255   

Net gains (losses) on equity securities

     40,992        22,904        18,088   

Gains on sales of equity securities

     60,883        31,998        28,885   

Losses on sales of equity securities

     (11,790     (6,478     (5,311

Losses on write-down of equity securities

     (8,101     (2,615     (5,485

Profits (losses) from investments in affiliates

     144,680        103,934        40,746   

Other non-recurring gains (losses)

     (4,966     4,514        (9,481
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     969,908        949,892        20,015   
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (43,148     (68,970     25,821   

Net gains (losses) on change in equity

     (36,013     (24,132     (11,880

Provision for reserve for contingent losses

     —          (34,477     34,477   

Income before income taxes and others

     926,759        880,922        45,837   

Income taxes-current

     187,742        184,924        2,818   

Income taxes-deferred

     71,204        57,617        13,586   

Total taxes

     258,946        242,542        16,404   

Profits

     667,812        638,380        29,432   

Profits attributable to non-controlling interests

     68,491        59,664        8,826   
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     599,321        578,716        20,605   
  

 

 

   

 

 

   

 

 

 

Note:

      

* Net business profits = Banking subsidiaries’ net business profits + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions

    

(Reference)       

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

     (31,011     41,175        (72,186

Number of consolidated subsidiaries

     227        255        (28

Number of affiliated companies accounted for under the equity method

     62        64        (2

 

1


Mitsubishi UFJ Financial Group, Inc.

 

BTMU and MUTB Combined

 

     (in millions of yen)  
     For the six months ended     Increase
(Decrease)
(A) - (B)
 
     September 30, 2015
(A)
    September 30, 2014
(B)
   

Gross profits

     1,235,424        1,259,728        (24,303

Gross profits before credit costs for trust accounts

     1,235,424        1,259,257        (23,832

Domestic gross profits

     751,116        688,965        62,150   

Net interest income

     422,717        389,695        33,021   

Trust fees

     45,638        42,402        3,236   

Credit costs for trust accounts (1)

     0        471        (470

Net fees and commissions

     195,964        200,171        (4,206

Net trading profits

     20,821        14,873        5,947   

Net other business profits

     65,974        41,822        24,152   

Net gains (losses) on debt securities

     60,641        42,341        18,300   

Non-domestic gross profits

     484,308        570,762        (86,454

Net interest income

     284,023        318,761        (34,737

Net fees and commissions

     97,785        92,237        5,547   

Net trading profits

     51,142        57,744        (6,601

Net other business profits

     51,356        102,018        (50,662

Net gains (losses) on debt securities

     16,015        47,638        (31,623

General and administrative expenses

     659,308        679,690        (20,382

Personnel expenses

     246,337        273,795        (27,458

Non-personnel expenses

     379,057        367,723        11,334   

Taxes

     33,913        38,171        (4,258

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

     576,115        579,566        (3,450

Provision for general allowance for credit losses (2)

     —          —          —     

Net business profits

     576,115        580,037        (3,921

Net non-recurring gains (losses)

     61,813        77,381        (15,567

Credit costs (3)

     (59,124     (31,710     (27,414

Losses on loan write-offs

     (19,453     (15,953     (3,500

Provision for specific allowance for credit losses

     —          —          —     

Other credit costs

     (39,670     (15,757     (23,913

Reversal of allowance for credit losses (4)

     73,808        95,470        (21,662

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

     —          5,908        (5,908

Gains on loans written-off (6)

     7,893        6,160        1,732   

Net gains (losses) on equity securities

     34,053        8,037        26,015   

Gains on sales of equity securities

     53,150        18,884        34,265   

Losses on sales of equity securities

     (11,361     (6,232     (5,128

Losses on write-down of equity securities

     (7,735     (4,613     (3,121

Other non-recurring gains (losses)

     5,183        (6,486     11,669   
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     637,929        657,418        (19,489
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     12,812        (40,816     53,628   

Net gains (losses) on disposition of fixed assets

     (4,089     (2,937     (1,152

Losses on impairment of fixed assets

     (1,417     (3,402     1,984   

Gains on sales of equity securities of subsidiaries

     18,319        —          18,319   

Provision for reserve for contingent losses

     —          (34,477     34,477   

Income before income taxes

     650,741        616,601        34,139   

Income taxes-current

     141,947        170,298        (28,350

Income taxes-deferred

     58,780        18,508        40,272   

Total taxes

     200,728        188,806        11,921   
  

 

 

   

 

 

   

 

 

 

Net income

     450,013        427,795        22,218   
  

 

 

   

 

 

   

 

 

 

(Reference)

      

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

     22,576        76,300        (53,723

 

2


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Consolidated

 

     (in millions of yen)  
     For the six months ended     Increase
(Decrease)
(A) - (B)
 
     September 30, 2015
(A)
    September 30, 2014
(B)
   

Gross profits

     1,464,630        1,430,557        34,073   

Net interest income

     903,716        876,710        27,006   

Trust fees

     6,635        5,286        1,348   

Net fees and commissions

     337,130        334,367        2,762   

Net trading profits

     57,741        44,272        13,468   

Net other business profits

     159,407        169,919        (10,512

Net gains (losses) on debt securities

     82,475        90,666        (8,190

General and administrative expenses

     864,026        839,342        24,684   

Amortization of goodwill

     8,353        7,177        1,176   

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

     608,958        598,392        10,566   

Net business profits before provision for general allowance for credit losses

     600,604        591,215        9,389   

Provision for general allowance for credit losses (1)

     —          —          —     

Net business profits*

     600,604        591,215        9,389   

Net non-recurring gains (losses)

     37,321        72,186        (34,864

Credit costs (2)

     (77,327     (48,194     (29,133

Losses on loan write-offs

     (38,164     (34,093     (4,071

Provision for specific allowance for credit losses

     —          —          —     

Other credit costs

     (39,163     (14,101     (25,062

Reversal of allowance for credit losses (3)

     50,403        80,325        (29,921

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

     —          4,453        (4,453

Gains on loans written-off (5)

     17,859        17,680        179   

Net gains (losses) on equity securities

     36,785        7,802        28,983   

Gains on sales of equity securities

     52,509        15,999        36,509   

Losses on sales of equity securities

     (8,810     (5,758     (3,052

Losses on write-down of equity securities

     (6,913     (2,439     (4,474

Profits (losses) from investments in affiliates

     16,751        13,549        3,201   

Other non-recurring gains (losses)

     (7,150     (3,430     (3,720
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     637,926        663,401        (25,474
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     9,945        (39,602     49,547   

Net gains (losses) on disposition of fixed assets

     (4,660     (915     (3,745

Losses on impairment of fixed assets

     (1,101     (689     (411

Gains on sales of equity securities of subsidiaries

     15,595        —          15,595   

Provision for reserve for contingent losses

     —          (34,477     34,477   

Income before income taxes and others

     647,871        623,798        24,073   

Income taxes-current

     134,483        156,789        (22,305

Income taxes-deferred

     69,386        27,563        41,823   

Total taxes

     203,870        184,353        19,517   

Profits

     444,001        439,445        4,555   

Profits attributable to non-controlling interests

     35,401        33,949        1,452   
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     408,599        405,496        3,103   
  

 

 

   

 

 

   

 

 

 

Note:

      

* Net business profits = Net business profits of BTMU + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions

    

(Reference)

      

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

     (9,064     54,264        (63,328

Number of consolidated subsidiaries

     129        155        (26

Number of affiliated companies accounted for under the equity method

     58        60        (2

 

3


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

 

                                                                                                  
     (in millions of yen)  
     For the six months ended     Increase
(Decrease)
(A) - (B)
 
     September 30, 2015
(A)
    September 30, 2014
(B)
   

Gross profits

     1,048,746        1,079,582        (30,835

Domestic gross profits

     599,169        549,981        49,188   

Net interest income

     372,961        347,607        25,354   

Net fees and commissions

     147,702        154,774        (7,072

Net trading profits

     8,116        (5,421     13,538   

Net other business profits

     70,389        53,021        17,367   

Net gains (losses) on debt securities

     60,257        44,784        15,472   

Non-domestic gross profits

     449,577        529,600        (80,023

Net interest income

     237,911        277,569        (39,657

Net fees and commissions

     96,071        92,144        3,926   

Net trading profits

     53,803        60,733        (6,929

Net other business profits

     61,790        99,153        (37,362

Net gains (losses) on debt securities

     18,418        45,949        (27,531

General and administrative expenses

     568,300        588,935        (20,634

Personnel expenses

     211,256        239,191        (27,935

Non-personnel expenses

     326,415        315,881        10,534   

Amortization of goodwill

     148        138        10   

Taxes

     30,628        33,862        (3,234

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

     480,595        490,785        (10,189

Net business profits before provision for general allowance for credit losses

     480,446        490,646        (10,200

Provision for general allowance for credit losses (1)

     —          —          —     

Net business profits

     480,446        490,646        (10,200

Net non-recurring gains (losses)

     57,933        56,606        1,326   

Credit costs (2)

     (58,860     (30,920     (27,939

Losses on loan write-offs

     (19,303     (15,951     (3,351

Provision for specific allowance for credit losses

     —          —          —     

Other credit costs

     (39,556     (14,968     (24,588

Reversal of allowance for credit losses (3)

     72,400        86,060        (13,660

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

     —          5,887        (5,887

Gains on loans written-off (5)

     7,724        5,883        1,840   

Net gains (losses) on equity securities

     32,130        1,408        30,722   

Gains on sales of equity securities

     47,178        11,570        35,608   

Losses on sales of equity securities

     (8,357     (5,685     (2,672

Losses on write-down of equity securities

     (6,690     (4,477     (2,212

Other non-recurring gains (losses)

     4,537        (11,712     16,250   
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     538,379        547,253        (8,874
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     13,266        (36,212     49,478   

Net gains (losses) on disposition of fixed assets

     (4,101     (1,274     (2,826

Losses on impairment of fixed assets

     (951     (460     (491

Gain on sales of equity securities of subsidiaries

     18,319        —          18,319   

Provision for reserve for contingent losses

     —          (34,477     34,477   

Income before income taxes

     551,645        511,041        40,604   

Income taxes-current

     119,046        138,988        (19,942

Income taxes-deferred

     52,945        17,594        35,350   

Total taxes

     171,991        156,582        15,408   
  

 

 

   

 

 

   

 

 

 

Net income

     379,654        354,458        25,195   
  

 

 

   

 

 

   

 

 

 

(Reference)

      

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

     21,264        66,911        (45,646

 

4


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Consolidated

 

                                                                                                  
    (in millions of yen)  
    For the six months ended     Increase
(Decrease)
(A) - (B)
 
    September 30, 2015
(A)
    September 30, 2014
(B)
   

Gross profits

    236,353        221,191        15,162   

Gross profits before credit costs for trust accounts

    236,352        220,719        15,633   

Trust fees

    52,029        48,932        3,096   

Trust fees before credit costs for trust accounts

    52,028        48,461        3,567   

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

    4,668        3,588        1,079   

Other trust fees

    47,360        44,873        2,487   

Credit costs for trust accounts (1)

    0        471        (470

Net interest income

    91,167        80,018        11,149   

Net fees and commissions

    94,006        80,822        13,184   

Net trading profits

    12,972        19,258        (6,286

Net other business profits

    (13,822     (7,840     (5,981

Net gains (losses) on debt securities

    (2,103     (754     (1,349

General and administrative expenses

    129,276        123,199        6,077   

Amortization of goodwill

    531        458        73   

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

    107,607        97,978        9,629   

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

    107,075        97,520        9,555   

Provision for general allowance for credit losses (2)

    —          —          —     

Net business profits*

    107,076        97,991        9,084   

Net non-recurring gains (losses)

    8,260        23,933        (15,673

Credit costs (3)

    (275     (816     540   

Losses on loan write-offs

    (161     (27     (134

Provision for specific allowance for credit losses

    —          —          —     

Other credit costs

    (114     (788     674   

Reversal of allowance for credit losses (4)

    1,507        9,374        (7,867

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

    —          20        (20

Gains on loans written-off (6)

    192        310        (118

Net gains (losses) on equity securities

    1,929        6,629        (4,700

Gains on sales of equity securities

    5,977        7,314        (1,336

Losses on sales of equity securities

    (3,003     (547     (2,455

Losses on write-down of equity securities

    (1,045     (136     (908

Profits (losses) from investments in affiliates

    5,853        4,851        1,001   

Other non-recurring gains (losses)

    (945     3,562        (4,508
 

 

 

   

 

 

   

 

 

 

Ordinary profits

    115,336        121,925        (6,588
 

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

    (512     4,474        (4,986

Net gains (losses) on disposition of fixed assets

    (4     (1,733     1,729   

Losses on impairment of fixed assets

    (508     (2,950     2,442   

Gains on change in equity

    —          9,159        (9,159

Income before income taxes and others

    114,824        126,399        (11,575

Income taxes-current

    28,446        36,125        (7,678

Income taxes-deferred

    1,265        (613     1,878   

Total taxes

    29,712        35,511        (5,799

Profits

    85,111        90,887        (5,775

Profits attributable to non-controlling interests

    5,517        4,126        1,390   
 

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

    79,594        86,760        (7,166
 

 

 

   

 

 

   

 

 

 

Note:

     

* Netbusiness profits = Net business profits of MUTB + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions

    

(Reference)

     

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

    1,424        9,361        (7,937

Number of consolidated subsidiaries

    56        57        (1

Number of affiliated companies accounted for under the equity method

    12        12        —     

 

5


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

     (in millions of yen)  
     For the six months ended     Increase
(Decrease)
(A) - (B)
 
     September 30, 2015
(A)
    September 30,  2014
(B)
   

Gross profits

     186,677        180,146        6,531   

Gross profits before credit costs for trust accounts

     186,677        179,674        7,002   

Domestic gross profits

     151,947        138,984        12,962   

Trust fees

     45,638        42,402        3,236   

Trust fees before credit costs for trust accounts

     45,638        41,931        3,707   

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

     4,668        3,588        1,079   

Other trust fees

     40,969        38,342        2,627   

Credit costs for trust accounts (1)

     0        471        (470

Net interest income

     49,755        42,088        7,667   

Net fees and commissions

     48,262        45,397        2,865   

Net trading profits

     12,704        20,295        (7,590

Net other business profits

     (4,414     (11,198     6,784   

Net gains (losses) on debt securities

     384        (2,443     2,827   

Non-domestic gross profits

     34,730        41,161        (6,431

Net interest income

     46,111        41,191        4,920   

Net fees and commissions

     1,713        93        1,620   

Net trading profits

     (2,660     (2,988     328   

Net other business profits

     (10,434     2,865        (13,300

Net gains (losses) on debt securities

     (2,402     1,688        (4,091

General and administrative expenses

     91,008        90,755        252   

Personnel expenses

     35,081        34,604        477   

Non-personnel expenses

     52,641        51,842        799   

Taxes

     3,284        4,309        (1,024

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

     95,669        88,919        6,749   

Provision for general allowance for credit losses (2)

     —          —          —     

Net business profits

     95,669        89,390        6,278   

Net non-recurring gains (losses)

     3,880        20,774        (16,893

Credit costs (3)

     (264     (789     525   

Losses on loan write-offs

     (150     (1     (149

Provision for specific allowance for credit losses

     —          —          —     

Other credit costs

     (114     (788     674   

Reversal of allowance for credit losses (4)

     1,407        9,410        (8,002

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

     —          20        (20

Gains on loans written-off (6)

     168        277        (108

Net gains (losses) on equity securities

     1,922        6,629        (4,707

Gains on sales of equity securities

     5,971        7,314        (1,342

Losses on sales of equity securities

     (3,003     (547     (2,455

Losses on write-down of equity securities

     (1,045     (136     (908

Other non-recurring gains (losses)

     645        5,226        (4,580
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     99,549        110,164        (10,614
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (454     (4,604     4,150   

Net gains (losses) on disposition of fixed assets

     11        (1,662     1,673   

Losses on impairment of fixed assets

     (465     (2,942     2,476   

Income before income taxes

     99,095        105,560        (6,464

Income taxes-current

     22,901        31,309        (8,408

Income taxes-deferred

     5,835        913        4,921   

Total taxes

     28,736        32,223        (3,486
  

 

 

   

 

 

   

 

 

 

Net income

     70,359        73,336        (2,977
  

 

 

   

 

 

   

 

 

 

(Reference)

      

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

     1,312        9,389        (8,077

 

6


Mitsubishi UFJ Financial Group, Inc.

 

2. Average Interest Rate Spread

BTMU Non-consolidated

 

    (percentage per annum)  
(Domestic business segment)   For the six months
ended
September 30, 2015

(A)
    Increase
(Decrease)
(A) - (B)
    For the six  months
ended
September 30, 2014

(B)
 

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

    0.65        0.00        0.65   

Average interest rate on loans and bills discounted (b)

    0.95        (0.09     1.04   

Average interest rate on securities

    0.80        0.30        0.49   

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

<including general and administrative expenses>

    0.66        (0.06     0.73   

Average interest rate on deposits and NCD (d)

    0.03        (0.00     0.03   

Average interest rate on other liabilities

    0.18        0.01        0.17   

Overall interest rate spread (a)-(c)

    (0.01     0.06        (0.07

Interest rate spread (b)-(d)

    0.91        (0.09     1.01   

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

     

Average interest rate on loans and bills discounted (e)

    1.13        (0.09     1.23   

Interest rate spread (e)-(d)

    1.10        (0.09     1.19   
MUTB Non-consolidated      
    (percentage per annum)  
(Domestic business segment)   For the six months
ended

September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    For the six months
ended

September 30, 2014
(B)
 

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

    0.60        0.03        0.56   

Average interest rate on loans and bills discounted (b)

    0.68        (0.08     0.77   

Average interest rate on securities

    0.88        0.31        0.57   

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

    0.16        (0.00     0.17   

Average interest rate on deposits and NCD (d)

    0.13        (0.00     0.14   

Overall interest rate spread (a)-(c)

    0.43        0.04        0.39   

Interest rate spread (b)-(d)

    0.55        (0.07     0.63   

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

     

Average interest rate on loans and bills discounted (e)

    0.68        (0.08     0.77   

Interest rate spread (e)-(d)

    0.55        (0.07     0.63   
BTMU and MUTB Combined      
    (percentage per annum)  
(Domestic business segment)   For the six months
ended

September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    For the six months
ended

September 30, 2014
(B)
 

Average interest rate on loans and bills discounted (a)

    0.91        (0.09     1.00   

Average interest rate on deposits and NCD (b)

    0.04        (0.00     0.05   

Interest rate spread (a)-(b)

    0.86        (0.09     0.95   

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

     

Average interest rate on loans and bills discounted (c)

    1.05        (0.09     1.15   

Interest rate spread (c)-(b)

    1.01        (0.09     1.10   

 

7


Mitsubishi UFJ Financial Group, Inc.

 

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

MUFG Consolidated

 

     (in billions of yen)  
     As of September 30, 2015  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     830.8         7,202.1         12,926.8         20,959.8   

Receive-floater/pay-fix

     697.4         4,147.2         6,494.1         11,338.7   

Receive-floater/pay-floater

     —           —           —           —     

Receive-fix/pay-fix

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,528.2         11,349.3         19,420.9         32,298.6   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

BTMU Consolidated

 

           
     (in billions of yen)  
     As of September 30, 2015  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     655.3         5,346.6         12,890.8         18,892.8   

Receive-floater/pay-fix

     282.2         2,482.2         5,050.6         7,815.2   

Receive-floater/pay-floater

     —           —           —           —     

Receive-fix/pay-fix

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     937.6         7,828.9         17,941.4         26,708.0   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

MUTB Consolidated

 

           
     (in billions of yen)  
     As of September 30, 2015  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     175.5         1,855.5         36.0         2,067.0   

Receive-floater/pay-fix

     411.7         1,600.5         1,462.9         3,475.2   

Receive-floater/pay-floater

     —           —           —           —     

Receive-fix/pay-fix

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     587.2         3,456.0         1,498.9         5,542.2   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

8


Mitsubishi UFJ Financial Group, Inc.

 

4. Securities

MUFG Consolidated

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

Fair Value Information on Securities

 

    (in millions of yen)  
  As of September 30, 2015     As of March 31, 2015  
  Amount on
consolidated
balance sheet
    Differences     Gains     Losses     Amount on
consolidated
balance sheet
    Differences     Gains     Losses  

Debt securities being held to maturity

    4,017,545        46,520        54,262        7,741        4,133,677        53,728        59,081        5,352   

Domestic bonds

    1,101,170        22,974        22,974        —          1,126,212        14,556        16,091        1,535   

Government bonds

    1,101,170        22,974        22,974        —          1,126,212        14,556        16,091        1,535   

Municipal bonds

    —          —          —          —          —          —          —          —     

Corporate bonds

    —          —          —          —          —          —          —          —     

Other

    2,916,375        23,546        31,287        7,741        3,007,465        39,172        42,990        3,817   

Foreign bonds

    1,232,097        13,579        17,306        3,727        1,006,421        15,813        17,244        1,431   

Other

    1,684,277        9,966        13,980        4,014        2,001,043        23,359        25,745        2,386   
    (in millions of yen)  
    As of September 30, 2015     As of March 31, 2015  
    Amount on
consolidated
balance sheet
    Differences     Gains     Losses     Amount on
consolidated
balance sheet
    Differences     Gains     Losses  

Other securities

    62,203,622        3,094,063        3,333,392        239,328        69,336,270        4,133,200        4,244,272        111,071   

Domestic equity securities

    5,217,945        2,460,403        2,524,490        64,086        5,721,393        2,930,019        2,969,586        39,566   

Domestic bonds

    31,514,498        316,893        320,858        3,965        36,520,219        326,376        331,539        5,163   

Government bonds

    29,114,239        266,242        266,658        416        34,084,434        273,479        274,856        1,377   

Municipal bonds

    191,424        4,693        4,743        50        188,316        5,374        5,441        67   

Corporate bonds

    2,208,834        45,957        49,456        3,498        2,247,468        47,522        51,241        3,718   

Other

    25,471,179        316,766        488,043        171,276        27,094,657        876,804        943,146        66,341   

Foreign equity securities

    133,727        2,189        21,047        18,858        191,401        58,466        59,040        574   

Foreign bonds

    21,505,046        306,577        343,701        37,123        22,564,990        597,340        623,146        25,805   

Other

    3,832,406        8,000        123,294        115,294        4,338,265        220,996        260,958        39,961   

 

9


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

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

Fair Value Information on Securities

 

    (in millions of yen)  
    As of September 30, 2015     As of March 31, 2015  
    Amount on
balance sheet
    Differences     Gains     Losses     Amount on
balance sheet
    Differences     Gains     Losses  

Debt securities being held to maturity

    2,785,423        32,941        36,955        4,014        3,102,252        37,860        41,782        3,921   

Stocks of subsidiaries and affiliates

    843,460        (134,261     31,520        165,782        865,646        206,054        214,537        8,482   
    (in millions of yen)  
    As of September 30, 2015     As of March 31, 2015  
    Amount on
balance sheet
    Differences     Gains     Losses     Amount on
balance sheet
    Differences     Gains     Losses  

Other securities

    43,752,287        2,245,632        2,437,472        191,840        48,785,016        3,073,221        3,144,265        71,043   

Domestic equity securities

    4,258,821        1,897,573        1,961,448        63,875        4,673,946        2,291,397        2,329,749        38,351   

Domestic bonds

    25,439,552        263,374        264,746        1,371        29,967,153        275,064        277,934        2,870   

Other

    14,053,912        84,683        211,277        126,593        14,143,916        506,759        536,580        29,821   

Foreign equity securities

    122,761        (2,780     16,055        18,836        178,531        53,595        53,975        380   

Foreign bonds

    11,463,765        157,361        168,678        11,316        10,872,292        352,571        357,787        5,215   

Other

    2,467,385        (69,897     26,543        96,440        3,093,093        100,591        124,817        24,225   

Redemption schedule of other securities with maturities and debt securities being held to maturity

 

     (in millions of yen)  
     As of September 30, 2015      As of March 31, 2015  
     within
1 year
     1 year to
5 years
     5 years to
10 years
     over
10 years
     within
1 year
     1 year to
5 years
     5 years to
10 years
     over
10 years
 

Domestic bonds

     10,201,503         7,873,062         5,110,422         3,355,710         12,326,240         10,215,947         5,198,489         3,327,684   

Government bonds

     10,082,769         7,185,570         4,706,972         2,446,999         12,140,028         9,488,185         4,809,644         2,515,940   

Municipal bonds

     500         114,492         75,950         336         8,288         109,795         69,720         348   

Corporate bonds

     118,233         572,999         327,499         908,375         177,923         617,966         319,124         811,396   

Other

     2,843,140         4,692,892         4,849,262         1,320,618         1,882,058         3,802,126         5,557,515         2,548,304   

Foreign bonds

     2,669,493         4,327,723         3,612,603         835,526         1,582,064         3,197,740         4,265,657         1,805,117   

Other

     173,647         365,168         1,236,659         485,092         299,994         604,385         1,291,857         743,186   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     13,044,643         12,565,954         9,959,685         4,676,329         14,208,298         14,018,074         10,756,005         5,875,988   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

10


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

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

Fair Value Information on Securities

 

     (in millions of yen)  
     As of September 30, 2015      As of March 31, 2015  
     Amount on
balance sheet
     Differences      Gains      Losses      Amount on
balance sheet
     Differences      Gains      Losses  

Debt securities being held to maturity

     —           —           —           —           24,978         54         54         —     

Stocks of subsidiaries and affiliates

     57,771         71,380         71,380         —           57,771         133,960         134,064         104   
     (in millions of yen)  
     As of September 30, 2015      As of March 31, 2015  
     Amount on
balance sheet
     Differences      Gains      Losses      Amount on
balance sheet
     Differences      Gains      Losses  

Other securities

     14,949,935         765,598         803,079         37,480         16,903,411         966,807         988,212         21,404   

Domestic equity securities

     1,007,400         491,131         501,815         10,683         1,081,815         556,050         563,430         7,380   

Domestic bonds

     6,088,671         52,767         55,487         2,719         6,479,441         50,320         52,709         2,389   

Other

     7,853,864         221,699         245,777         24,077         9,342,154         360,436         372,071         11,634   

Foreign equity securities

     53         27         27         0         36         24         24         —     

Foreign bonds

     6,888,803         146,915         154,847         7,931         8,455,745         243,361         244,759         1,397   

Other

     965,007         74,756         90,901         16,145         886,372         117,050         127,287         10,236   

Redemption schedule of other securities with maturities and debt securities being held to maturity

 

     (in millions of yen)  
     As of September 30, 2015      As of March 31, 2015  
     within
1 year
     1 year to
5 years
     5 years to
10 years
     over
10 years
     within
1 year
     1 year to
5 years
     5 years to
10 years
     over
10 years
 

Domestic bonds

     1,300,220         3,977,471         791,770         19,208         690,184         4,813,751         981,359         19,123   

Government bonds

     1,243,608         3,815,220         721,790         16,182         646,795         4,617,073         910,789         16,089   

Municipal bonds

     —           106         —           38         —           123         —           40   

Corporate bonds

     56,612         162,144         69,980         2,988         43,389         196,555         70,570         2,994   

Other

     801,199         3,316,991         2,125,802         1,247,116         633,296         4,060,046         2,863,534         1,276,777   

Foreign bonds

     780,723         2,796,594         2,064,396         1,247,089         632,681         3,739,713         2,822,844         1,260,506   

Other

     20,475         520,397         61,405         27         615         320,333         40,689         16,271   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     2,101,419         7,294,463         2,917,572         1,266,325         1,323,481         8,873,798         3,844,893         1,295,900   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

11


Mitsubishi UFJ Financial Group, Inc.

 

5. ROE

MUFG Consolidated

 

     (%)  
     For the six  months
ended
September 30,  2015
(A)
     Increase
(Decrease)
(A) - (B)
    For the six months
ended

September 30, 2014
(B)
 

ROE

     9.59         (0.59     10.18   

Note:

ROE is computed as follows:

 

(profits attributable to owners of parent × 2) - Equivalent of annual dividends on nonconvertible preferred stocks

     ×100   

{(Total shareholders’ equity at the beginning of the period - Number of nonconvertible preferred stocks at the beginning of the period × Issue price + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period - Number of nonconvertible preferred stocks at the end of the period × Issue price + Foreign currency translation adjustments at the end of the period)} / 2

  

 

12


Mitsubishi UFJ Financial Group, Inc.

 

6. Risk-Adjusted Capital Ratio

 

MUFG Consolidated    (in billions of yen)  
     As of
September 30, 2015
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

(1) Total capital ratio (4)/(7)

     15.68     0.00     15.68

(2) Tier 1 capital ratio (5)/(7)

     12.73     0.10     12.62

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

     11.23     0.09     11.14

(4) Total capital

     17,562.8        10.5        17,552.3   

(5) Tier 1 capital

     14,254.1        123.8        14,130.3   

(6) Common Equity Tier 1 capital

     12,571.9        105.3        12,466.6   

(7) Risk weighted assets

     111,939.3        37.7        111,901.5   

(8) Required Capital (7)×8%

     8,955.1        3.0        8,952.1   
BTMU Consolidated    (in billions of yen)  
     As of
September 30, 2015
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

(1) Total capital ratio (4)/(7)

     15.39     (0.21 )%      15.61

(2) Tier 1 capital ratio (5)/(7)

     12.23     (0.10 )%      12.33

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

     10.77     (0.11 )%      10.88

(4) Total capital

     13,622.3        (108.3     13,730.7   

(5) Tier 1 capital

     10,821.3        (27.4     10,848.8   

(6) Common Equity Tier 1 capital

     9,530.0        (41.8     9,571.8   

(7) Risk weighted assets

     88,464.9        532.7        87,932.1   

(8) Required Capital (7)×8%

     7,077.1        42.6        7,034.5   
MUTB Consolidated    (in billions of yen)  
     As of
September 30, 2015
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

(1) Total capital ratio (4)/(7)

     19.08     (0.07 )%      19.15

(2) Tier 1 capital ratio (5)/(7)

     15.66     0.40     15.26

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

     15.15     0.45     14.70

(4) Total capital

     2,280.1        (56.6     2,336.7   

(5) Tier 1 capital

     1,871.5        10.1        1,861.4   

(6) Common Equity Tier 1 capital

     1,811.0        17.4        1,793.5   

(7) Risk weighted assets

     11,948.2        (248.8     12,197.0   

(8) Required Capital (7)×8%

     955.8        (19.9     975.7   
BTMU Non-consolidated    (in billions of yen)  
     As of
September 30, 2015
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

(1) Total capital ratio (4)/(7)

     16.91     (0.32 )%      17.23

(2) Tier 1 capital ratio (5)/(7)

     13.37     (0.16 )%      13.54

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

     11.76     (0.14 )%      11.90

(4) Total capital

     12,365.0        (101.9     12,466.9   

(5) Tier 1 capital

     9,777.6        (14.1     9,791.8   

(6) Common Equity Tier 1 capital

     8,598.2        (12.9     8,611.2   

(7) Risk weighted assets

     73,104.1        787.3        72,316.7   

(8) Required Capital (7)×8%

     5,848.3        62.9        5,785.3   
MUTB Non-consolidated    (in billions of yen)  
     As of
September 30, 2015
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

(1) Total capital ratio (4)/(7)

     18.99     (0.17 )%      19.16

(2) Tier 1 capital ratio (5)/(7)

     15.10     0.19     14.90

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

     14.59     0.24     14.35

(4) Total capital

     2,239.7        (79.1     2,318.9   

(5) Tier 1 capital

     1,781.4        (22.1     1,803.5   

(6) Common Equity Tier 1 capital

     1,721.5        (14.8     1,736.4   

(7) Risk weighted assets

     11,793.3        (305.8     12,099.1   

(8) Required Capital (7)×8%

     943.4        (24.4     967.9   

Note:

  (1) Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006. Risk-adjusted capital ratio of BTMU and MUTB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.
  (2) There may be restatements in the consolidated capital ratios and the stand-alone capital ratios, due to possible amendments of certain figures used for the calculation of the floor adjustment, which forms part of the risk-weighted assets.

 

13


Mitsubishi UFJ Financial Group, Inc.

 

7. Risk-Monitored Loans

MUFG Consolidated

 

(1) Risk-Monitored Loans

 

    (in millions of yen)  
    As of
September 30, 2015
(A)
    % to total
loans
and bills
discounted
    As of
March 31, 2015

(B)
    % to total
loans
and bills
discounted
    Increase
(Decrease)
(A) - (B)
    % to total
loans
and bills
discounted
 

Loans to bankrupt borrowers

    23,438        0.02     23,586        0.02     (148     (0.00 )% 

Non-accrual delinquent loans

    826,077        0.73     811,478        0.74     14,598        (0.00 )% 

Accruing loans contractually past due 3 months or more

    53,635        0.04     51,034        0.04     2,600        0.00

Restructured loans

    583,867        0.52     653,839        0.59     (69,972     (0.07 )% 
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total risk monitored loans

    1,487,018        1.32     1,539,939        1.40     (52,921     (0.07 )% 
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total loans and bills discounted

    111,837,805        ——          109,368,340        ——          2,469,465        ——     

Written-off

    437,768        ——          478,168        ——          (40,399     ——     

 

(2)    Allowance for Credit Losses

 

           
    (in millions of yen)  
    As of
September 30, 2015
(A)
    % to total
risk
monitored
loans
    As of
March 31, 2015
(B)
    % to total
risk
monitored
loans
    Increase
(Decrease)
(A) - (B)
    % to total
risk
monitored
loans
 

Allowance for credit losses

    915,433        61.56     995,784        64.66     (80,350     (3.10 )% 

General allowance for credit losses

    671,872        ——          766,272        ——          (94,399     ——     

Specific allowance for credit losses

    243,149        ——          228,297        ——          14,852        ——     

Allowance for credit to specific foreign borrowers

    411        ——          1,214        ——          (803     ——     

 

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area

 

      (in millions of yen)  
     As of
September 30, 2015
(A)
     As of
March 31, 2015

(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     1,127,518         1,242,070         (114,552

Overseas

     359,499         297,868         61,630   

Asia

     133,385         108,805         24,580   

Indonesia

     3,667         4,348         (681

Singapore

     20,932         1,082         19,850   

Thailand

     89,047         88,049         998   

Hong Kong

     812         —           812   

China

     111         110         0   

Other

     18,813         15,214         3,599   

Americas

     128,957         100,784         28,173   

Europe, Middle East and Other

     97,155         88,279         8,876   
  

 

 

    

 

 

    

 

 

 

Total

     1,487,018         1,539,939         (52,921
  

 

 

    

 

 

    

 

 

 

Classified by Industry

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
     As of
March 31, 2015
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     1,127,518         1,242,070         (114,552

Manufacturing

     309,548         346,306         (36,757

Construction

     23,582         26,871         (3,288

Wholesale and retail

     186,749         211,910         (25,161

Finance and insurance

     4,750         5,681         (930

Real estate, goods rental and leasing

     108,715         121,771         (13,055

Services

     73,956         82,905         (8,948

Other industries

     36,700         44,908         (8,208

Consumer

     383,514         401,716         (18,201

Overseas

     359,499         297,868         61,630   

Financial institutions

     7,535         8,496         (960

Commercial and industrial

     204,094         120,954         83,140   

Other

     147,868         168,418         (20,549
  

 

 

    

 

 

    

 

 

 

Total

     1,487,018         1,539,939         (52,921
  

 

 

    

 

 

    

 

 

 

 

14


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

 

(1)    Risk-Monitored Loans   
     (in millions of yen)  
     As of
September 30, 2015
(A)
     % to total
loans
and bills
discounted
    As of
March 31, 2015
(B)
     % to total
loans
and bills
discounted
    Increase
(Decrease)
(A) - (B)
    % to total
loans
and bills
discounted
 

Loans to bankrupt borrowers

     14,947         0.01     14,913         0.01     33        (0.00 )% 

Non-accrual delinquent loans

     617,963         0.72     606,554         0.73     11,409        (0.00 )% 

Accruing loans contractually past due 3 months or more

     57,385         0.06     55,538         0.06     1,847        0.00

Restructured loans

     416,878         0.49     483,795         0.58     (66,916     (0.09 )% 
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total risk monitored loans

     1,107,175         1.30     1,160,802         1.40     (53,627     (0.09 )% 
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total loans and bills discounted

     84,834,422         ——          82,740,384         ——          2,094,038        ——     

Written-off

     325,840         ——          340,284         ——          (14,443     ——     

 

(2)    Allowance for Credit Losses

 

  

     (in millions of yen)  
     As of
September 30, 2015

(A)
     % to total
risk
monitored
loans
    As of
March 31, 2015

(B)
     % to total
risk
monitored
loans
    Increase
(Decrease)
(A) - (B)
    % to total
risk
monitored
loans
 

Allowance for credit losses

     563,583         50.90     644,579         55.52     (80,996     (4.62 )% 

General allowance for credit losses

     400,093         ——          492,721         ——          (92,627     ——     

Specific allowance for credit losses

     163,078         ——          150,643         ——          12,434        ——     

Allowance for credit to specific foreign borrowers

     411         ——          1,214         ——          (803     ——     

(3)    Classification of Risk-Monitored Loans

Classified by Geographic Area

 

      (in millions of yen)  
     As of
September 30, 2015
(A)
     As of
March 31, 2015

(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     926,227         1,034,888         (108,661

Overseas

     180,948         125,913         55,034   

Asia

     40,495         16,510         23,984   

Indonesia

     74         1,397         (1,322

Singapore

     20,932         —           20,932   

Thailand

     —           —           —     

Hong Kong

     812         —           812   

China

     —           —           —     

Other

     18,674         15,113         3,561   

Americas

     43,296         21,123         22,172   

Europe, Middle East and Other

     97,155         88,279         8,876   
  

 

 

    

 

 

    

 

 

 

Total

     1,107,175         1,160,802         (53,627
  

 

 

    

 

 

    

 

 

 

Classified by Industry

 

     (in millions of yen)  
     As of
September 30, 2015

(A)
     As of
March 31, 2015

(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     926,227         1,034,888         (108,661

Manufacturing

     290,115         326,239         (36,123

Construction

     22,863         26,136         (3,272

Wholesale and retail

     184,904         207,464         (22,560

Finance and insurance

     4,470         5,374         (903

Real estate

     94,521         106,276         (11,755

Goods rental and leasing

     4,700         4,914         (213

Services

     73,559         82,495         (8,935

Other industries

     36,362         44,024         (7,661

Consumer

     214,728         231,963         (17,234

Overseas

     180,948         125,913         55,034   

Financial institutions

     7,453         7,298         155   

Commercial and industrial

     113,662         40,586         73,076   

Other

     59,831         78,029         (18,197
  

 

 

    

 

 

    

 

 

 

Total

     1,107,175         1,160,802         (53,627
  

 

 

    

 

 

    

 

 

 

 

15


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(1)    Risk-Monitored Loans

 

     (in millions of yen)  
     As of
September 30, 2015

(A)
     % to total
loans
and bills
discounted
    As of
March 31, 2015
(B)
     % to total
loans
and bills
discounted
    Increase
(Decrease)
(A) - (B)
    % to total
loans
and bills
discounted
 

Loans to bankrupt borrowers

     468         0.00     476         0.00     (7     (0.00 )% 

Non-accrual delinquent loans

     18,461         0.14     23,093         0.18     (4,631     (0.04 )% 

Accruing loans contractually past due 3 months or more

     472         0.00     405         0.00     67        0.00

Restructured loans

     20,314         0.15     21,460         0.17     (1,145     (0.01 )% 
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total risk monitored loans

     39,717         0.30     45,434         0.36     (5,717     (0.05 )% 
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total loans and bills discounted

     12,960,358         ——          12,609,827         ——          350,531        ——     

Written-off

     8,595         ——          11,918         ——          (3,322     ——     

 

(2)    Allowance for Credit Losses

 

  

     (in millions of yen)  
     As of
September 30, 2015

(A)
     % to total
risk

monitored
loans
    As of
March 31, 2015

(B)
     % to total
risk

monitored
loans
    Increase
(Decrease)
(A) - (B)
    % to total
risk

monitored
loans
 

Allowance for credit losses

     34,198         86.10     38,549         84.84     (4,351     1.25

General allowance for credit losses

     31,074         ——          32,000         ——          (925     ——     

Specific allowance for credit losses

     3,123         ——          6,548         ——          (3,425     ——     

Allowance for credit to specific foreign borrowers

     0         ——          0         ——          (0     ——     

(3)    Classification of Risk-Monitored Loans

Classified by Geographic Area

 

      (in millions of yen)  
     As of
September 30, 2015

(A)
     As of
March 31, 2015

(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     39,692         44,340         (4,648

Overseas

     25         1,094         (1,069

Asia

     —           1,082         (1,082

Indonesia

     —           —           —     

Singapore

     —           1,082         (1,082

Thailand

     —           —           —     

Hong Kong

     —           —           —     

China

     —           —           —     

Other

     —           —           —     

Americas

     25         12         12   

Europe, Middle East and Other

     —           —           —     
  

 

 

    

 

 

    

 

 

 

Total

     39,717         45,434         (5,717
  

 

 

    

 

 

    

 

 

 
Classified by Industry         
      (in millions of yen)  
     As of
September 30, 2015
(A)
     As of
March 31, 2015
(B)
     Increase
(Decrease)

(A) - (B)
 

Domestic

     39,692         44,340         (4,648

Manufacturing

     19,401         20,036         (634

Construction

     699         714         (15

Wholesale and retail

     1,673         4,254         (2,580

Finance and insurance

     256         282         (26

Real estate

     9,415         10,480         (1,064

Goods rental and leasing

     —           —           —     

Services

     372         385         (12

Other industries

     331         878         (546

Consumer

     7,540         7,308         232   

Overseas

     25         1,094         (1,069

Financial institutions

     —           1,082         (1,082

Commercial and industrial

     —           —           —     

Other

     25         12         12   
  

 

 

    

 

 

    

 

 

 

Total

     39,717         45,434         (5,717
  

 

 

    

 

 

    

 

 

 

 

16


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated: Trust Account

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

(1)    Risk-Monitored Loans

 

     (in millions of yen)  
     As of
September 30, 2015

(A)
     % to total
loans
and bills
discounted
    As of
March 31, 2015

(B)
     % to total
loans
and bills

discounted
    Increase
(Decrease)
(A) - (B)
    % to total
loans
and bills
discounted
 

Loans to bankrupt borrowers

     3         0.01     3         0.01     (0     0.00

Non-accrual delinquent loans

     0         0.00     0         0.00     (0     (0.00 )% 

Accruing loans contractually past due 3 months or more

     170         0.67     165         0.61     4        0.06

Restructured loans

     633         2.51     751         2.78     (117     (0.27 )% 
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total risk monitored loans

     808         3.20     921         3.41     (113     (0.20 )% 
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total loans and bills discounted

     25,235         ——          27,008         ——          (1,772     ——     

(2) Allowance for Credit Losses

 

     (in millions of yen)  
     As of
September 30, 2015

(A)
     As of
March 31, 2015

(B)
     Increase
(Decrease)
(A) - (B)
 

Allowance for bad debts

     75         81         (5

 

(3)    Classification of Risk-Monitored Loans

 

Classified by Industry

 

        
     (in millions of yen)  
     As of
September 30, 2015

(A)
     As of
March 31, 2015

(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     808         921         (113

Manufacturing

     —           —           —     

Construction

     —           —           —     

Wholesale and retail

     —           —           —     

Finance and insurance

     —           —           —     

Real estate

     580         688         (108

Goods rental and leasing

     —           —           —     

Services

     —           —           —     

Other industries

     —           —           —     

Consumer

     227         232         (4
  

 

 

    

 

 

    

 

 

 

Total

     808         921         (113
  

 

 

    

 

 

    

 

 

 

 

17


Mitsubishi UFJ Financial Group, Inc.

 

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

BTMU and MUTB Combined including Trust Account

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

(1)    Non Performing Loans

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
    As of
March 31, 2015
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

     123,060        89,866        33,193   

Doubtful

     545,440        571,436        (25,995

Special Attention

     495,734        561,985        (66,251

Non Performing Loans (1)

     1,164,235        1,223,289        (59,053
  

 

 

   

 

 

   

 

 

 

Normal

     106,175,620        104,112,357        2,063,262   
  

 

 

   

 

 

   

 

 

 

Total

     107,339,855        105,335,646        2,004,209   
  

 

 

   

 

 

   

 

 

 

Non Performing Loans / Total

     1.08     1.16     (0.07 )% 
(2)    Status of Coverage of Non Performing Loans   
     (in millions of yen)  
     As of
September 30, 2015
(A)
    As of
March 31, 2015
(B)
    Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     921,620        940,856        (19,236

Allowance for credit losses

     311,609        321,940        (10,330

Collateral, guarantees, etc.

     610,010        618,916        (8,905

Coverage ratio (2) / (1)

     79.16     76.91     2.24

(3)    Coverage Ratio

 

     (in millions of yen)  
Category    Loan amount (A)     Allowance for
credit losses (B)
    Covered by
collateral and/or
guarantees (C)
    Coverage ratio for
unsecured  portion

(B) / [(A) - (C)]
   Coverage ratio
[(B) + (C)] / (A)
 

Bankrupt or De facto Bankrupt

     123,060        19,669        103,390           100.00
     [89,866     [1,191     [88,674        [100.00 %] 

Doubtful

     545,440        144,691        285,210           78.81
     [571,436     [153,008     [300,448        [79.35 %] 

Special Attention

     495,734        147,247        221,409           74.36
     [561,985     [167,740     [229,792        [70.73 %] 

Total

     1,164,235        311,609        610,010           79.16
     [1,223,289     [321,940     [618,916        [76.91 %] 

Note: The upper figures are as of September 30, 2015. The lower figures with brackets are as of March 31, 2015.

(4)    Classified by Industry

 

     (in millions of yen)  
     As of
September 30, 2015

(A)
     As of
March 31, 2015

(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     978,298         1,091,554         (113,256

Manufacturing

     310,934         347,914         (36,980

Construction

     23,710         26,937         (3,226

Wholesale and retail

     192,782         216,734         (23,952

Finance and insurance

     6,302         7,279         (976

Real estate

     104,850         118,470         (13,620

Goods rental and leasing

     4,705         4,922         (217

Services

     74,458         83,500         (9,041

Other industries

     37,637         45,901         (8,264

Consumer

     222,916         239,892         (16,976

Overseas

     185,937         131,735         54,202   

Financial institutions

     7,453         8,380         (927

Commercial and industrial

     118,626         45,312         73,314   

Other

     59,856         78,041         (18,184
  

 

 

    

 

 

    

 

 

 

Total

     1,164,235         1,223,289         (59,053
  

 

 

    

 

 

    

 

 

 

 

18


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

(1)    Non Performing Loans

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
    As of
March 31, 2015
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

     121,072        87,955        33,116   

Doubtful

     528,363        549,635        (21,271

Special Attention

     474,264        539,334        (65,069

Non Performing Loans (1)

     1,123,700        1,176,925        (53,224
  

 

 

   

 

 

   

 

 

 

Normal

     92,825,526        91,117,065        1,708,460   
  

 

 

   

 

 

   

 

 

 

Total

     93,949,227        92,293,991        1,655,236   
  

 

 

   

 

 

   

 

 

 

Non Performing Loans / Total

     1.19     1.27     (0.07 )% 
(2)    Status of Coverage of Non Performing Loans   
     (in millions of yen)  
     As of
September 30, 2015
(A)
    As of
March 31, 2015
(B)
    Increase
(Decrease)

(A) - (B)
 

Covered amount (2)

     889,767        905,598        (15,831

Allowance for credit losses

     301,350        308,487        (7,136

Collateral, guarantees, etc.

     588,416        597,111        (8,694

Coverage ratio (2) / (1)

     79.18     76.94     2.23

(3)    Coverage Ratio

 

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

Bankrupt or De facto Bankrupt

     121,072        19,657        101,414        100.00     100.00
     [87,955     [1,176     [86,778     [100.00 %]      [100.00 %] 

Doubtful

     528,363        142,060        273,626        55.76     78.67
     [549,635     [147,035     [288,723     [56.35 %]      [79.28 %] 

Special Attention

     474,264        139,632        213,374        53.52     74.43
     [539,334     [160,274     [221,609     [50.44 %]      [70.80 %] 

Total

     1,123,700        301,350        588,416        56.29     79.18
     [1,176,925     [308,487     [597,111     [53.20 %]      [76.94 %] 

 

Note: The upper figures are as of September 30, 2015. The lower figures with brackets are as of March 31, 2015.

(4)    Classified by Industry

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
     As of
March 31, 2015
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     937,788         1,046,284         (108,496

Manufacturing

     291,532         327,878         (36,345

Construction

     23,011         26,223         (3,211

Wholesale and retail

     191,108         212,480         (21,371

Finance and insurance

     6,045         6,996         (950

Real estate

     94,854         107,302         (12,447

Goods rental and leasing

     4,705         4,922         (217

Services

     74,085         83,115         (9,029

Other industries

     37,305         45,023         (7,717

Consumer

     215,138         232,343         (17,205

Overseas

     185,912         130,640         55,271   

Financial institutions

     7,453         7,298         155   

Commercial and industrial

     118,626         45,312         73,314   

Other

     59,831         78,029         (18,197
  

 

 

    

 

 

    

 

 

 

Total

     1,123,700         1,176,925         (53,224
  

 

 

    

 

 

    

 

 

 

 

19


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(1)    Non Performing Loans

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
    As of
March 31, 2015
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

     1,976        1,898        77   

Doubtful

     16,963        21,678        (4,715

Special Attention

     20,787        21,865        (1,078

Non Performing Loans (1)

     39,726        45,442        (5,716
  

 

 

   

 

 

   

 

 

 

Normal

     13,325,666        12,969,204        356,461   
  

 

 

   

 

 

   

 

 

 

Total

     13,365,392        13,014,647        350,745   
  

 

 

   

 

 

   

 

 

 

Non Performing Loans / Total

     0.29     0.34     (0.05 )% 

 

(2)    Status of Coverage of Non Performing Loans

 

      
     (in millions of yen)  
     As of
September 30, 2015
(A)
    As of
March 31, 2015
(B)
    Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     31,232        34,572        (3,340

Allowance for credit losses

     10,258        13,453        (3,194

Collateral, guarantees, etc.

     20,973        21,118        (145

Coverage ratio (2) / (1)

     78.61     76.07     2.53

(3)    Coverage Ratio

 

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

Bankrupt or De facto Bankrupt

     1,976        12        1,963        100.00     100.00
     [1,898     [14     [1,883     [100.00 %]      [100.00 %] 

Doubtful

     16,963        2,630        11,487        48.04     83.23
     [21,678     [5,972     [11,623     [59.40 %]      [81.16 %] 

Special Attention

     20,787        7,615        7,521        57.40     72.82
     [21,865     [7,465     [7,611     [52.37 %]      [68.95 %] 

Total

     39,726        10,258        20,973        54.70     78.61
     [45,442     [13,453     [21,118     [55.30 %]      [76.07 %] 

 

Note: The upper figures are as of September 30, 2015. The lower figures with brackets are as of March 31, 2015.

(4)    Classified by Industry

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
     As of
March 31, 2015
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     39,701         44,348         (4,646

Manufacturing

     19,401         20,036         (634

Construction

     699         714         (15

Wholesale and retail

     1,673         4,254         (2,580

Finance and insurance

     256         282         (26

Real estate

     9,415         10,480         (1,064

Goods rental and leasing

     —           —           —     

Services

     372         385         (12

Other industries

     331         878         (546

Consumer

     7,549         7,316         233   

Overseas

     25         1,094         (1,069

Financial institutions

     —           1,082         (1,082

Commercial and industrial

     —           —           —     

Other

     25         12         12   
  

 

 

    

 

 

    

 

 

 

Total

     39,726         45,442         (5,716
  

 

 

    

 

 

    

 

 

 

 

20


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated: Trust Account

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

(1)    Non Performing Loans

 

                 (in millions of yen)  
                 As of
September 30, 2015
(A)
    As of
March 31, 2015
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

         11        12        (0

Doubtful

         113        122        (8

Special Attention

         682        786        (103

Non Performing Loans (1)

         808        921        (113
      

 

 

   

 

 

   

 

 

 

Normal

         24,427        26,086        (1,659
      

 

 

   

 

 

   

 

 

 

Total

         25,235        27,008        (1,772
      

 

 

   

 

 

   

 

 

 

Non Performing Loans / Total

         3.20     3.41     (0.20 )% 
(2)    Status of Coverage of Non Performing Loans   
                 (in millions of yen)  
                 As of
September 30, 2015
(A)
    As of
March 31, 2015
(B)
    Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

         620        686        (65

Allowance for credit losses

         —          —          —     

Collateral, guarantees, etc.

         620        686        (65

Coverage ratio (2) / (1)

         76.82     74.50     2.32

 

(3)    Coverage Ratio

 

          
     (in millions of yen)  

Category

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

Bankrupt or De facto Bankrupt

     11        —          11          100.00
     [12     [—       [12       [100.00 %] 

Doubtful

     113        —          96          84.71
     [122     [—       [101       [83.05 %] 

Special Attention

     682        —          512          75.10
     [786     [—       [572       [72.76 %] 

Total

     808        —          620          76.82
     [921     [—       [686       [74.50 %] 
          

Note:  The upper figures are as of September 30, 2015. The lower figures with brackets are as of March 31, 2015.

 

(4)    Classified by Industry

 

     

  

 
                 (in millions of yen)  
                 As of
September 30, 2015
(A)
    As of
March 31, 2015
(B)
    Increase
(Decrease)
(A) - (B)
 

Domestic

         808        921        (113

Manufacturing

         —          —          —     

Construction

         —          —          —     

Wholesale and retail

         —          —          —     

Finance and insurance

         —          —          —     

Real estate

         580        688        (108

Goods rental and leasing

         —          —          —     

Services

         —          —          —     

Other industries

         —          —          —     

Consumer

         227        232        (4
      

 

 

   

 

 

   

 

 

 

Total

         808        921        (113
      

 

 

   

 

 

   

 

 

 

 

21


Mitsubishi UFJ Financial Group, Inc.

 

Overview of Non-Performing Loans

BTMU and MUTB Combined

 

(in billions of yen)
Self-Assessment       Coverage 
ratio for 
unsecured 
portion 
      Non-Performing Loans 
Based on the “FRL” 
        Risk-Monitored Loans 
Category of
Borrowers
  Classification            
  Non-
Classification 
  Classification 
II
  Classification 
III
  Classification 
IV
           
                   
                 

Bankrupt
Borrowers

 

  [103.3]   [18.5]  

 

[1.0]

 

(*1)

   

 

100.00%  

   

i) Bankrupt or

De facto Bankrupt

 

[123.0]

   

Loans to bankrupt borrowers

 

[15.4]

 

 

Substantially
Bankrupt
Borrowers

 

                     

Non-accrual

delinquent loans

 

[636.4]

 

Potentially
Bankrupt
Borrowers

 

  [285.8]   [259.4]           55.60%        

ii) Doubtful

 

[545.3]

   
         

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

 

 

[495.0]

       

53.70%  

   

iii) Special Attention

 

[495.0]

   

Accruing loans contractually past due

3 months or more

 

[57.8]

 

                         

 

Restructured loans

 

[437.1]

 

       
                           
       

Borrowers
Requiring
Caution
(Other
Borrowers)

 

                   

iv) Normal

 

[106,151.1]

 

 

     

 

Normal
Borrowers

 

                       
   
                Non-Performing Loans Based on the “FRL”     Risk-Monitored Loans
                i) + ii) + iii)    
                1,163.4     1,146.8
                Total    
                i) + ii) + iii) + iv)    
                107,314.6    

 

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

 

22


Mitsubishi UFJ Financial Group, Inc.

 

9. Progress in Disposition of Problem Assets

BTMU Non-consolidated

 

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

 

     (in millions of yen)  
     As of
March 31, 2013
     As of
March 31, 2014
     As of
March 31, 2015
(A)
     As of
September 30, 2015
(B)
     (B) - (A)  

Assets newly categorized during fiscal 2012

     340,637         204,404         94,261         74,565         (19,695

Assets newly categorized during fiscal 2013

        195,312         121,427         100,221         (21,206

Assets newly categorized during fiscal 2014

           98,674         76,810         (21,864

Assets newly categorized during fiscal 2015

              133,996      

 

(2) Progress in Disposition of Problem Assets

 

     (in millions of yen)  
     For the first half of the fiscal year ended  September 30, 2015  
            Bankrupt or
De facto Bankrupt
     Doubtful  

Liquidation

     2,049         ——           ——     

Reconstructive treatment

     2,566         ——           ——     

Upgrade due to reconstructive treatment

     —           ——           ——     

Loan sold to secondary market

     2,019         ——           ——     

Write-offs

     11,472         ——           ——     

Others

     104,043         ——           ——     

Collection / Repayment

     56,833         ——           ——     

Upgrade

     47,209         ——           ——     
  

 

 

    

 

 

    

 

 

 

Total

     122,151         17,891         104,259   
  

 

 

    

 

 

    

 

 

 

Amount in process for disposition

     77,117         

 

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

 

23


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated including Trust Account

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

 

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

 

    (in millions of yen)  
    As of
March 31, 2013
    As of
March 31, 2014
    As of
March 31, 2015
(A)
    As of
September 30, 2015
(B)
    (B) - (A)  

Assets newly categorized during fiscal 2012

    15,711        8,784        1,845        1,729        (116

Assets newly categorized during fiscal 2013

      6,315        3,069        2,800        (268

Assets newly categorized during fiscal 2014

        7,495        2,568        (4,926

Assets newly categorized during fiscal 2015

          2,426     

 

(2) Progress in Disposition of Problem Assets

 

     (in millions of yen)  
     For the first half of the fiscal year ended September  30, 2015  
            Bankrupt or
De facto Bankrupt
     Doubtful  

Liquidation

     —           ——           ——     

Reconstructive treatment

     —           ——           ——     

Upgrade due to reconstructive treatment

     —           ——           ——     

Loan sold to secondary market

     —           ——           ——     

Write-offs

     3,017         ——           ——     

Others

     4,056         ——           ——     

Collection / Repayment

     3,043         ——           ——     

Upgrade

     1,012         ——           ——     
  

 

 

    

 

 

    

 

 

 

Total

     7,073         6,909         164   
  

 

 

    

 

 

    

 

 

 

Amount in process for disposition

     2,092         

 

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

 

24


Mitsubishi UFJ Financial Group, Inc.

 

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

BTMU and MUTB Combined including Trust Accounts

(1)    Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2015
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     71,397,455        1,962,436        69,435,019   

Manufacturing

     10,261,397        104,589        10,156,808   

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

     155,182        (8,921     164,103   

Construction

     787,765        (47,298     835,063   

Utilities

     1,650,394        (49,154     1,699,548   

Communication and information services

     1,223,474        (58,455     1,281,929   

Transport and postal activities

     2,290,348        120,007        2,170,341   

Wholesale and retail

     6,588,769        (42,004     6,630,773   

Finance and insurance

     8,100,460        (465     8,100,925   

Real estate

     8,472,788        (53,655     8,526,443   

Goods rental and leasing

     1,843,044        43,620        1,799,424   

Services

     2,485,913        (170,408     2,656,321   

Municipal government

     615,731        (41,685     657,416   

Other industries (including loans to the Japanese government)

     26,922,178        2,166,269        24,755,909   

Overseas offices and loans booked at offshore markets

     26,522,558        494,989        26,027,568   
  

 

 

   

 

 

   

 

 

 

Total

     97,920,014        2,457,425        95,462,588   
  

 

 

   

 

 

   

 

 

 

 

(2)    Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Total domestic consumer loans

     16,468,506        (180,399     16,648,906   

Housing loans

     15,685,145        (193,973     15,879,119   

Residential purpose

     13,382,455        (103,811     13,486,267   

Other

     783,361        13,574        769,786   

 

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

 

  

 
     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)

(A) - (B)
    As of
March 31, 2015
(B)
 

Outstanding amount

     38,978,411        200,231        38,778,180   

% to total domestic loans

     54.59     (1.25 )%      55.84

 

25


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

(1)    Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     60,785,334        1,922,378        58,862,955   

Manufacturing

     8,148,218        92,685        8,055,533   

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

     151,085        (8,639     159,724   

Construction

     688,655        (39,031     727,686   

Utilities

     1,224,713        (51,799     1,276,512   

Communication and information services

     1,005,141        (51,765     1,056,906   

Transport and postal activities

     1,671,863        133,405        1,538,458   

Wholesale and retail

     5,618,224        (45,208     5,663,432   

Finance and insurance

     5,959,983        (37,689     5,997,672   

Real estate

     6,681,990        (35,055     6,717,045   

Goods rental and leasing

     1,196,757        16,255        1,180,502   

Services

     2,342,185        (139,390     2,481,575   

Municipal government

     605,528        (40,298     645,826   

Other industries (including loans to the Japanese government)

     25,490,992        2,128,908        23,362,084   

Overseas offices and loans booked at offshore markets

     24,049,087        171,659        23,877,428   
  

 

 

   

 

 

   

 

 

 

Total

     84,834,422        2,094,038        82,740,384   
  

 

 

   

 

 

   

 

 

 

 

(2)    Domestic Consumer Loans

 

       

     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Total domestic consumer loans

     15,120,662        (197,929     15,318,592   

Housing loans

     14,343,383        (212,022     14,555,405   

Residential purpose

     12,219,426        (133,664     12,353,090   

Other

     777,279        14,092        763,187   

 

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

 

       

     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Outstanding amount

     33,537,816        50,697        33,487,119   

% to total domestic loans

     55.17     (1.71 )%      56.88

 

26


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(1)    Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     10,486,888        27,201        10,459,686   

Manufacturing

     2,113,179        11,904        2,101,275   

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

     4,097        (282     4,379   

Construction

     99,110        (8,267     107,377   

Utilities

     425,681        2,645        423,036   

Communication and information services

     218,333        (6,690     225,023   

Transport and postal activities

     618,485        (9,840     628,325   

Wholesale and retail

     970,545        3,204        967,341   

Finance and insurance

     2,136,238        32,985        2,103,253   

Real estate

     1,781,889        (17,596     1,799,485   

Goods rental and leasing

     646,287        27,365        618,922   

Services

     143,722        (31,018     174,740   

Municipal government

     4,827        (1,358     6,185   

Other industries (including loans to the Japanese government)

     1,324,485        24,151        1,300,334   

Overseas offices and loans booked at offshore markets

     2,473,470        323,329        2,150,140   
  

 

 

   

 

 

   

 

 

 

Total

     12,960,358        350,531        12,609,827   
  

 

 

   

 

 

   

 

 

 

(2)    Domestic Consumer Loans

       

     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Total domestic consumer loans

     1,337,284        18,387        1,318,897   

Housing loans

     1,331,304        18,881        1,312,423   

Residential purpose

     1,153,354        30,507        1,122,847   

Other

     5,979        (494     6,474   

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

       

     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Outstanding amount

     5,324,978        137,329        5,187,649   

% to total domestic loans

     50.77     1.18     49.59

 

27


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated: Trust Accounts

(1)    Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
September 30, 2015

(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     125,233        12,856        112,376   

Manufacturing

     —          —          —     

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

     —          —          —     

Construction

     —          —          —     

Utilities

     —          —          —     

Communication and information services

     —          —          —     

Transport and postal activities

     —          (3,558     3,558   

Wholesale and retail

     —          —          —     

Finance and insurance

     4,239        4,239        —     

Real estate

     8,909        (1,004     9,913   

Goods rental and leasing

     —          —          —     

Services

     6        —          6   

Municipal government

     5,376        (29     5,405   

Other industries (including loans to the Japanese government)

     106,701        13,210        93,491   

Overseas offices and loans booked at offshore markets

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Total

     125,233        12,856        112,376   
  

 

 

   

 

 

   

 

 

 

(2)    Domestic Consumer Loans

       

     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Total domestic consumer loans

     10,558        (856     11,415   

Housing loans

     10,457        (833     11,290   

Residential purpose

     9,675        (654     10,329   

Other

     101        (23     125   

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

       

     (in millions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Outstanding amount

     115,617        12,205        103,412   

% to total domestic loans

     92.32     0.29     92.02

 

28


Mitsubishi UFJ Financial Group, Inc.

 

11. Overseas Loans

BTMU and MUTB Combined

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31,  2015
(B)
 

Asia

     7,472,937         (68,374     7,541,312   

Thailand

     244,389         (43     244,432   

Indonesia

     892,953         (36,181     929,135   

Malaysia

     486,191         12,123        474,067   

Philippines

     261,410         45,957        215,453   

South Korea

     475,223         (53,281     528,505   

Singapore

     1,334,760         (86,015     1,420,775   

Hong Kong

     2,109,599         1,036        2,108,563   

China

     183,485         796        182,688   

Taiwan

     418,627         66,700        351,926   

Others

     1,066,295         (19,467     1,085,763   

Latin America

     4,216,447         340,253        3,876,193   

Argentina

     22,947         18,947        4,000   

Brazil

     693,243         60,862        632,381   

Mexico

     414,456         1,029        413,427   

Caribbean countries

     2,651,403         319,547        2,331,856   

Others

     434,394         (60,133     494,528   

North America

     7,407,031         176,565        7,230,466   

United States of America

     7,092,687         186,228        6,906,459   

Canada

     314,344         (9,663     324,007   

Western Europe

     5,237,292         312,330        4,924,962   

United Kingdom

     2,102,209         111,618        1,990,590   

Germany

     492,832         35,658        457,174   

France

     368,507         36,147        332,359   

Netherlands

     758,905         46,319        712,586   

Spain

     162,814         9,450        153,363   

Italy

     215,000         7,360        207,639   

Others

     1,137,023         65,776        1,071,247   

Eastern Europe

     282,133         (67,177     349,311   

Others

     3,870,799         (4,926     3,875,726   
  

 

 

    

 

 

   

 

 

 

Total

     28,486,642         688,670        27,797,972   
  

 

 

    

 

 

   

 

 

 

 

Note: In addition to the (non-consolidated basis) loan balance stated above, six major overseas subsidiaries have the following loan balances in the consolidated financial statements.
     MUFG Americas Holdings Corporation : ¥9,248,607 million (a 98,417 million yen increase as compared with March 31, 2015.)
     Bank of Ayudhya Public Company Limited : ¥3,632,523 million (a 60,286 million yen increase as compared with March 31, 2015.)
     Bank of Tokyo-Mitsubishi UFJ (China), Ltd.: ¥1,603,517 million (a 15,802 million yen decrease as compared with March 31, 2015.)
     Bank of Tokyo-Mitsubishi UFJ (Holland) N.V.: ¥630,254 million (a 43,938 million yen decrease as compared with March 31, 2015.)
     Bank of Tokyo-Mitsubishi UFJ (Canada) : ¥422,568 million (a 24,906 million yen increase as compared with March 31, 2015.)
     Bank of Tokyo-Mitsubishi UFJ (Malaysia) : ¥413,010 million (a 152,469 million yen increase as compared with March 31, 2015.)

 

29


Mitsubishi UFJ Financial Group, Inc.

 

12. Loans and Deposits

BTMU and MUTB Combined

 

     (in millions of yen)  
     As of
September 30, 2015
(A)
     Increase
(Decrease)
(A) - (B)
     As of
March 31, 2015
(B)
 

Deposits (ending balance)

     139,261,268         1,928,947         137,332,320   

Deposits (average balance)

     137,666,856         5,659,957         132,006,899   

Loans (ending balance)

     97,794,780         2,444,569         95,350,211   

Loans (average balance)

     96,919,100         2,124,813         94,794,286   
BTMU Non-consolidated         
     (in millions of yen)  
     As of
September 30, 2015
(A)
     Increase
(Decrease)
(A) - (B)
     As of
March 31, 2015
(B)
 

Deposits (ending balance)

     126,316,782         1,725,873         124,590,909   

Deposits (average balance)

     124,816,464         5,435,237         119,381,226   

Loans (ending balance)

     84,834,422         2,094,038         82,740,384   

Loans (average balance)

     84,283,344         1,583,906         82,699,437   
MUTB Non-consolidated         
     (in millions of yen)  
     As of
September 30, 2015
(A)
     Increase
(Decrease)
(A) - (B)
     As of
March 31, 2015
(B)
 

Deposits (ending balance)

     12,944,485         203,074         12,741,410   

Deposits (average balance)

     12,850,392         224,720         12,625,672   

Loans (ending balance)

     12,960,358         350,531         12,609,827   

Loans (average balance)

     12,635,756         540,907         12,094,849   

 

30


Mitsubishi UFJ Financial Group, Inc.

 

13. Domestic Deposits

BTMU and MUTB Combined

 

     (in millions of yen)  
     As of
September 30, 2015

(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Individuals

     70,735,898         320,706        70,415,191   

Corporations and others

     47,489,294         40,148        47,449,145   

Domestic deposits

     118,225,192         360,855        117,864,337   

 

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

 

BTMU Non-consolidated

 

    

  

    
     (in millions of yen)  
     As of
September 30, 2015

(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Individuals

     62,708,484         514,447        62,194,037   

Corporations and others

     44,034,674         (230,066     44,264,741   

Domestic deposits

     106,743,158         284,380        106,458,778   

 

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

 

MUTB Non-consolidated

 

    

  

    
     (in millions of yen)  
     As of
September 30, 2015
(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Individuals

     8,027,414         (193,740     8,221,154   

Corporations and others

     3,454,620         270,215        3,184,404   

Domestic deposits

     11,482,034         76,475        11,405,559   

 

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

 

31


Mitsubishi UFJ Financial Group, Inc.

 

14. Status of Deferred Tax Assets

BTMU Non-consolidated

 

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

 

     (in billions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Deferred tax assets

     516.7        (54.3     571.1   

Allowance for credit losses

     252.6        (28.4     281.1   

Write-down on investment securities

     110.0        14.0        96.0   

Unrealized losses on other securities

     16.8        3.5        13.3   

Reserve for retirement benefits

     104.8        (0.4     105.3   

Other

     185.9        (19.8     205.8   

Valuation allowance

     (153.6     (23.1     (130.5

Deferred tax liabilities

     931.1        (225.3     1,156.5   

Unrealized gains on other securities

     680.4        (244.8     925.2   

Net deferred gains on hedges

     94.5        19.9        74.5   

Revaluation gains on securities upon merger

     68.4        (1.2     69.6   

Gains on securities contributed to employees’ retirement benefits trust

     52.4        (0.1     52.6   

Other

     35.2        0.9        34.3   

Net deferred tax assets

     (414.3     171.0        (585.3

 

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

 

     (in billions of yen)  
     FY2010     FY2011     FY2012     FY2013     FY2014     Interim FY2015  

Net business profits before provision for general allowance for credit losses

     1,006.5        1,022.8        1,001.5        855.9        931.4        480.4   

Total credit costs

     (166.1     (125.3     (56.6     17.0        (70.7     21.2   

Income before income taxes

     674.4        739.5        877.4        984.7        860.2        551.6   

Reconciliation to taxable income

     (24.0     (305.1     (561.4     (336.2     (12.6     (193.5

Taxable income

     650.3        434.3        316.0        648.5        847.5        358.1   

 

(3) Classification Based on Prior Year Operating Results as Provided in the JICPA Audit Committee Report No.66

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

 

32


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

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

 

     (in billions of yen)  
     As of
September 30, 2015
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2015
(B)
 

Deferred tax assets

     56.9        (6.5     63.5   

Deferred losses on hedging instruments

     25.6        (1.6     27.2   

Gains on securities related to employees’ retirement benefits trust

     14.9        0.5        14.3   

Allowance for credit losses

     12.6        (1.8     14.5   

Write-down on investment securities

     10.6        0.2        10.4   

Other

     31.8        (2.9     34.7   

Valuation allowance

     (38.7     (0.9     (37.7

Deferred tax liabilities

     292.5        (60.6     353.1   

Unrealized gains on other securities

     237.5        (63.8     301.4   

Reserve for retirement benefits

     42.6        3.7        38.9   

Other

     12.2        (0.5     12.7   

Net deferred tax assets

     (235.5     54.1        (289.6

 

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

 

     (in billions of yen)  
     FY2010     FY2011     FY2012     FY2013     FY2014     Interim FY2015  

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

     150.4        148.1        162.2        162.9        190.4        95.6   

Total credit costs

     (8.0     (9.2     (8.6     18.0        (0.4     1.3   

Income before income taxes

     101.9        113.5        173.5        184.4        201.4        99.0   

Reconciliation to taxable income

     (80.1     (30.2     (84.9     (94.3     (40.4     (32.3

Taxable income

     21.7        83.3        88.6        90.1        160.9        66.7   

 

(3) Classification Based on Prior Year Operating Results as Provided in the JICPA Audit Committee Report No.66

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

 

33


Mitsubishi UFJ Financial Group, Inc.

 

(Reference)

1. Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of the end of September 2015 is outlined below. (Figures are on a managerial basis and rounded off to billion yen or to the second decimal point of trillion yen)

 

1. Balance, net unrealized gains (losses), realized gains (losses)

 

  (1) The balance as of the end of September 2015 was ¥3.15 trillion in total, a decrease of ¥0.24 trillion from the balance as of the end of March 2015, mainly due to a decrease in CLOs.

 

  (2) Net unrealized losses were ¥10 billion, worsened by ¥6 billion compared to the end of March 2015.

 

  (3) P/L impact for the quarter ended September 30, 2015 was ¥1 billion.

 

     (¥bn)  
                              of which securities being
held to maturity2
 
     Balance1      Change from
end of March 2015
    Net unrealized
gains (losses)
    Change from
end of March 2015
    Balance      Net unrealized
gains (losses)
 

RMBS

     18         (3     4        0        0         0   

Sub-prime RMBS

     0         0        0        0        0         0   

CMBS

     401         (4     0        (2     211         (1

CLOs

     2,676         (201     (15     (2     1,668         (8
Other securitized products (card, etc.)      57         (30     1        (2     19         0   

CDOs

     0         0        0        0        0         0   

Sub-prime ABS CDOs

     0         0        0        0        0         0   

SIV

     0         0        0        0        0         0   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Total

     3,152         (238     (10     (6     1,898         (9
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

 

1. Balance is the amount after impairment and before deducting net unrealized gains (losses).
   The above table does not include mortgage-backed securities arranged and guaranteed by U.S. government sponsored enterprises, etc., Japanese RMBS such as Japanese Housing Finance Agency securities, and products held by funds such as investment trusts. These are also applicable to the tables in this document.
2. Following the publication of “Tentative Solution on Reclassification of Debt Securities” (Practical Issue Task Force No.26, The Accounting Standards Board of Japan, December 5, 2008), some of our securitized products were reclassified into “securities being held to maturity” from “securities available for sale” at and after the end of January 2009. The balance and net unrealized gains (losses) of the securities being held to maturity in the above table are based on book value before reclassification.

 

2. Distribution by rating

 

  (1) AAA-rated products accounted for 87% of our investments in securitized products as of the end of September 2015, unchanged from the end of March 2015. The volume of holdings of high-rated securitized product decreased, while the total volume of holdings of securitized product also decreased, resulted unchange in the the ratio.

 

  (2) AAA and AA-rated products accounted for 98% of our investments in securitized products.

 

     (¥bn)  
     AAA     AA     A     BBB     BB or
lower
    Unrated     Total  

RMBS

     1        2        0        9        5        0        18   

Sub-prime RMBS

     0        0        0        0        0        0        0   

CMBS

     160        241        0        0        0        0        401   

CLOs

     2,556        77        41        3        0        0        2,676   

Other securitized products (card, etc.)

     29        25        0        1        0        2        57   

CDOs

     0        0        0        0        0        0        0   

Sub-prime ABS CDOs

     0        0        0        0        0        0        0   

SIV

     0        0        0        0        0        0        0   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

     2,747        344        41        13        5        2        3,152   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Percentage of total

     87     11     1     0     0     0     100

Percentage of total (End of March 2015)

     87     10     1     0     0     1     100

 

34


Mitsubishi UFJ Financial Group, Inc.

 

3. Credit exposure related to leveraged loan (LBO loan)

 

  (1) We are not engaged in origination or distribution of securitized products relating to LBO loans, and therefore, there is no balance of LBO loans for securitization.

 

  (2) The following table shows the balances of LBO loans as of the end of September 2015.

 

     (¥bn)  
     Americas      Europe      Asia      Japan      Total      Change from
end of March 2015
 

LBO Loan3 (Balance on a commitment basis)

     6         146         0         344         495         21   

Balance on a booking basis

     5         119         0         313         437         31   

3 Includes balance after refinancing. (Figures are rounded off.)

 

4. Special Purpose Entities (SPEs)

 

  (1) We are engaged in sponsoring ABCP issuance for securitizing our clients’ assets.

 

  (2) The balance of assets purchased by ABCP conduits (special purpose companies for issuing ABCP) as of the end of September 2015 was ¥4.60 trillion (including ¥2.39 trillion in overseas).

 

  (3) The purchased assets are mainly receivables and they do not include residential mortgages.

End

 

<Terminology>

 

RMBS

 

:

   Asset-backed securities collateralized by residential mortgages

CMBS

 

:

   Asset-backed securities collateralized by commercial mortgages

CLOs

 

:

   Collateralized loan obligations backed by whole commercial loans, revolving credit facilities, or letters of credit

CDOs

 

:

   Structured credit securities backed by a pool of securities, loans, or credit default swaps

ABS CDOs

 

:

   Collateralized debt obligations backed by asset backed securities

SIVs

 

:

   Investment companies established mainly for gaining profit margin by raising funds through subordinated notes and short-term CPs, etc. and investing in relatively long-term securitized products and bonds, etc.

LBO Loans

 

:

   Loans collateralized by assets and/or future cash flows of an acquired company

ABCP

 

:

   Commercial papers issued by a Special Purposed Company (SPC) collateralized by receivables

 

 

 

35


Mitsubishi UFJ Financial Group, Inc.

 

2. Financial Statements

BTMU Non-consolidated

 

(1) Non-consolidated Balance Sheets

 

(in millions of yen)    As of
March 31, 2015
    As of
September 30, 2015
 

Assets:

    

Cash and due from banks

     33,122,906        39,165,666   

Call loans

     274,077        156,268   

Receivables under resale agreements

     29,243        21,716   

Receivables under securities borrowing transactions

     341,200        679,437   

Monetary claims bought

     3,727,386        3,649,729   

Trading assets

     5,764,317        5,748,898   

Money held in trust

     31,132        59,830   

Securities

     52,873,408        47,875,327   

Loans and bills discounted

     82,740,384        84,834,422   

Foreign exchanges

     2,013,104        1,700,647   

Other assets

     6,224,547        6,272,966   

Tangible fixed assets

     873,973        871,928   

Intangible fixed assets

     398,550        393,436   

Prepaid pension costs

     225,683        241,348   

Customers’ liabilities for acceptances and guarantees

     6,657,095        6,612,754   

Allowance for credit losses

     (644,579     (563,583
  

 

 

   

 

 

 

Total assets

     194,652,431        197,720,795   
  

 

 

   

 

 

 

 

36


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
March 31, 2015
    As of
September 30, 2015
 

Liabilities:

    

Deposits

     124,590,909        126,316,782   

Negotiable certificates of deposit

     10,985,081        8,740,706   

Call money

     1,084,494        1,524,172   

Payables under repurchase agreements

     8,957,252        10,142,073   

Payables under securities lending transactions

     2,369,378        3,194,713   

Commercial papers

     1,265,562        1,342,982   

Trading liabilities

     4,344,146        4,384,743   

Borrowed money

     11,724,531        12,181,026   

Foreign exchanges

     1,694,556        2,072,120   

Bonds payable

     4,791,846        4,721,022   

Other liabilities

     4,902,001        5,736,164   

Reserve for bonuses

     28,161        24,450   

Reserve for bonuses to directors

     143        42   

Reserve for retirement benefits

     6,953        8,358   

Reserve for loyalty award credits

     1,217        1,432   

Reserve for contingent losses

     41,195        38,228   

Deferred tax liabilities

     585,351        414,344   

Deferred tax liabilities for land revaluation

     133,940        132,945   

Acceptances and guarantees

     6,657,095        6,612,754   
  

 

 

   

 

 

 

Total liabilities

     184,163,819        187,589,065   
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     1,711,958        1,711,958   

Capital surplus

     3,878,275        3,878,275   

Capital reserve

     1,711,958        1,711,958   

Other capital surplus

     2,166,317        2,166,317   

Retained earnings

     3,066,001        3,205,338   

Revenue reserve

     190,044        190,044   

Other retained earnings

     2,875,957        3,015,294   

Funds for retirement benefits

     2,432        2,432   

Other reserve

     718,196        718,196   

Earned surplus brought forward

     2,155,328        2,294,665   

Treasury stock

     (645,700     (645,700
  

 

 

   

 

 

 

Total shareholders’ equity

     8,010,535        8,149,872   
  

 

 

   

 

 

 

Net unrealized gains (losses) on other securities

     2,086,911        1,550,391   

Net deferred gains (losses) on hedging instruments

     155,143        196,505   

Land revaluation excess

     236,022        234,960   
  

 

 

   

 

 

 

Total valuation and translation adjustments

     2,478,076        1,981,857   
  

 

 

   

 

 

 

Total net assets

     10,488,611        10,131,730   
  

 

 

   

 

 

 

Total liabilities and net assets

     194,652,431        197,720,795   
  

 

 

   

 

 

 

 

37


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

 

(2) Non-consolidated Statements of Income

 

(in millions of yen)    For the six months
ended
September 30, 2014
     For the six months
ended
September 30, 2015
 

Ordinary income

     1,496,665         1,563,186   

Interest income

     801,444         802,020   

Interest on loans and bills discounted

     490,208         477,429   

Interest and dividends on securities

     244,386         253,705   

Fees and commissions

     323,680         327,308   

Trading income

     55,939         61,919   

Other business income

     196,847         226,742   

Other ordinary income

     118,752         145,195   

Ordinary expenses

     949,412         1,024,806   

Interest expenses

     176,324         191,159   

Interest on deposits

     52,384         65,150   

Fees and commissions

     76,761         83,534   

Trading expenses

     628         —     

Other business expenses

     44,673         94,562   

General and administrative expenses

     602,862         576,210   

Other ordinary expenses

     48,161         79,339   
  

 

 

    

 

 

 

Ordinary profits

     547,253         538,379   
  

 

 

    

 

 

 

Extraordinary gains

     707         19,301   

Extraordinary losses

     36,919         6,034   
  

 

 

    

 

 

 

Income before income taxes

     511,041         551,645   
  

 

 

    

 

 

 

Income taxes-current

     138,988         119,046   

Income taxes-deferred

     17,594         52,945   
  

 

 

    

 

 

 

Total taxes

     156,582         171,991   
  

 

 

    

 

 

 

Net income

     354,458         379,654   
  

 

 

    

 

 

 

 

38


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

(1) Non-consolidated Balance Sheets

 

(in millions of yen)    As of
March 31, 2015
    As of
September 30, 2015
 

Assets:

    

Cash and due from banks

     4,445,069        5,378,902   

Call loans

     129,117        50,991   

Monetary claims bought

     1,383        842   

Trading assets

     438,754        437,857   

Money held in trust

     13,256        13,120   

Securities

     17,186,742        15,247,201   

Loans and bills discounted

     12,609,827        12,960,358   

Foreign exchanges

     24,891        32,382   

Other assets

     654,237        578,678   

Tangible fixed assets

     148,449        150,019   

Intangible fixed assets

     53,216        54,627   

Prepaid pension costs

     239,117        251,168   

Customers’ liabilities for acceptances and guarantees

     365,822        356,579   

Allowance for credit losses

     (38,549     (34,198
  

 

 

   

 

 

 

Total assets

     36,271,336        35,478,530   
  

 

 

   

 

 

 

 

39


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
March 31, 2015
    As of
September 30, 2015
 

Liabilities:

    

Deposits

     12,741,410        12,944,485   

Negotiable certificates of deposit

     4,837,879        5,653,769   

Call money

     1,354,566        983,449   

Payables under repurchase agreements

     5,849,069        4,509,142   

Payables under securities lending transactions

     2,558,657        2,427,176   

Commercial papers

     516,964        793,237   

Trading liabilities

     160,122        158,422   

Borrowed money

     1,851,860        1,903,248   

Foreign exchanges

     3,439        367   

Short-term bonds payable

     79,995        59,992   

Bonds payable

     687,935        704,923   

Due to trust accounts

     1,796,031        2,011,693   

Other liabilities

     961,027        608,799   

Reserve for bonuses

     4,319        4,406   

Reserve for bonuses to directors

     67        13   

Reserve for contingent losses

     7,146        7,394   

Deferred tax liabilities

     289,642        235,539   

Deferred tax liabilities for land revaluation

     4,728        4,716   

Acceptances and guarantees

     365,822        356,579   
  

 

 

   

 

 

 

Total liabilities

     34,070,687        33,367,360   
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     324,279        324,279   

Capital surplus

     412,315        422,083   

Capital reserve

     250,619        250,619   

Other capital surplus

     161,695        171,464   

Retained earnings

     858,520        893,406   

Revenue reserve

     73,714        73,714   

Other retained earnings

     784,806        819,692   

Funds for retirement benefits

     710        710   

Other reserve

     138,495        138,495   

Earned surplus brought forward

     645,601        680,487   
  

 

 

   

 

 

 

Total shareholders’ equity

     1,595,114        1,639,769   
  

 

 

   

 

 

 

Net unrealized gains (losses) on other securities

     665,776        528,394   

Net deferred gains (losses) on hedging instruments

     (57,003     (53,767

Land revaluation excess

     (3,237     (3,226
  

 

 

   

 

 

 

Total valuation and translation adjustments

     605,534        471,401   
  

 

 

   

 

 

 

Total net assets

     2,200,649        2,111,170   
  

 

 

   

 

 

 

Total liabilities and net assets

     36,271,336        35,478,530   
  

 

 

   

 

 

 

 

40


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

(2) Non-consolidated Statements of Income

 

(in millions of yen)    For the six months
ended
September 30, 2014
     For the six months
ended
September 30, 2015
 

Ordinary income

     268,808         288,591   

Trust fees

     42,402         45,638   

Interest income

     114,163         133,506   

Interest on loans and bills discounted

     45,673         45,206   

Interest and dividends on securities

     65,577         84,796   

Fees and commissions

     60,424         65,685   

Trading income

     17,306         10,528   

Other business income

     8,225         21,103   

Other ordinary income

     26,286         12,128   

Ordinary expenses

     158,643         189,041   

Interest expenses

     30,894         37,650   

Interest on deposits

     10,919         11,544   

Fees and commissions

     14,934         15,708   

Trading expenses

     —           484   

Other business expenses

     16,559         35,952   

General and administrative expenses

     92,918         90,974   

Other ordinary expenses

     3,337         8,271   
  

 

 

    

 

 

 

Ordinary profits

     110,164         99,549   
  

 

 

    

 

 

 

Extraordinary gains

     18         11   

Extraordinary losses

     4,622         465   
  

 

 

    

 

 

 

Income before income taxes

     105,560         99,095   
  

 

 

    

 

 

 

Income taxes-current

     31,309         22,901   

Income taxes-deferred

     913         5,835   
  

 

 

    

 

 

 

Total taxes

     32,223         28,736   
  

 

 

    

 

 

 

Net income

     73,336         70,359   
  

 

 

    

 

 

 

 

41


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

(3) Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship

 

(in millions of yen)    As of
March 31, 2015
     As of
September 30, 2015
 

Assets:

     

Loans and bills discounted

     112,376         125,233   

Securities

     58,086,929         54,402,498   

Beneficiary rights to the trust

     49,353,240         57,133,924   

Securities held in custody accounts

     3,172,363         3,638,677   

Monetary claims

     10,619,079         9,991,641   

Tangible fixed assets

     10,805,072         11,256,827   

Intangible fixed assets

     192,554         196,377   

Other claims

     5,040,404         4,009,076   

Call loans

     2,307,474         2,321,508   

Due from banking account

     3,184,730         3,820,681   

Cash and due from banks

     3,449,102         3,677,688   
  

 

 

    

 

 

 

Total

     146,323,327         150,574,136   
  

 

 

    

 

 

 

Liabilities:

     

Money trusts

     23,452,525         20,872,758   

Pension trusts

     15,360,655         15,144,529   

Property formation benefit trusts

     8,340         7,976   

Investment trusts

     48,930,372         56,781,925   

Money entrusted other than money trusts

     3,218,827         3,535,084   

Securities trusts

     5,066,024         5,622,723   

Monetary claim trusts

     10,266,613         9,528,919   

Equipment trusts

     44,498         49,983   

Land and fixtures trusts

     82,369         82,423   

Composite trusts

     39,893,100         38,947,810   
  

 

 

    

 

 

 

Total

     146,323,327         150,574,136   
  

 

 

    

 

 

 

 

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

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

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

 

(in millions of yen)    As of
March 31, 2015
     As of
September 30, 2015
 

Assets:

     

Loans and bills discounted

     27,008         25,235   

Securities

     104,557         110,834   

Other

     1,624,592         1,857,497   
  

 

 

    

 

 

 

Total

         1,756,157             1,993,567   
  

 

 

    

 

 

 

Liabilities:

     

Principal

     1,738,140         1,974,284   

Allowance for bad debts

     81         75   

Other

     17,936         19,207   
  

 

 

    

 

 

 

Total

     1,756,157         1,993,567   
  

 

 

    

 

 

 

 

42


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

(4) Major Items

 

(in millions of yen)    As of
March 31, 2015
     As of
September 30, 2015
 

Total funds

     56,400,812         54,623,520   
  

 

 

    

 

 

 

Deposits

     12,741,410         12,944,485   

Negotiable certificates of deposit

     4,837,879         5,653,769   

Money trusts

     23,452,525         20,872,758   

Pension trusts

     15,360,655         15,144,529   

Property formation benefit trusts

     8,340         7,976   
  

 

 

    

 

 

 

Loans and bills discounted

     12,722,204         13,085,591   
  

 

 

    

 

 

 

Banking account

     12,609,827         12,960,358   

Trust account

     112,376         125,233   
  

 

 

    

 

 

 

Investment securities

     75,273,672         69,649,699   
  

 

 

    

 

 

 

 

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

 

43

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