UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Issuer

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

the Securities Exchange Act of 1934

For the month of February, 2010

 

 

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 offices)

 

 

[Indicate by check mark whether the registrant files or

will file annual reports under cover Form 20-F or Form 40-F.]

Form 20-F      X            Form 40-F              

[Indicate by check mark whether the registrant by furnishing the information

contained in this Form is also thereby furnishing the information to the Commission

pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]

Yes                      No      X    

 

 

 

---

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: February 3, 2010

 

---

Interim Consolidated Summary Report

< under US GAAP >

For the Fiscal Year Ending March 31, 2010

 

Date:		February 3, 2010
Company name (code number):		Mitsubishi UFJ Financial Group, Inc. (8306)
		(URL http://www.mufg.jp/)
Stock exchange listings:		Tokyo, Osaka, Nagoya, New York
Representative:		Nobuo Kuroyanagi, President & CEO
For inquiry:		Naoki Muramatsu, General Manager—Financial Planning Division, Financial Accounting Office
		(Phone) +81-3-3240-7200

Consolidated financial data for the six months ended September 30, 2009

(1) Operating results

(in millions of yen, except per share data)

 

		For the six months ended September 30,					For the fiscal year ended
		2009		2008			March 31, 2009
Total revenue		2,808,425		2,064,244			4,070,893
Income (loss) before income tax expense (benefit)		756,336		(646,627	)		(1,764,227	)
Net income (loss) attributable to Mitsubishi UFJ Financial Group		420,320		(410,532	)		(1,468,040	)
Basic earnings (loss) per common share—net income (loss) available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		35.29		(41.07	)		(137.84	)
Diluted earnings (loss) per common share—net income (loss) available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		35.22		(41.07	)		(137.84	)

Notes:

1. Average number of shares outstanding

(in thousands of shares)

 

		For the six months ended September 30,				For the fiscal year ended
		2009		2008		March 31, 2009
Common stock		11,635,636		10,437,591		10,821,091

2. As a result of adopting new guidance related to noncontrolling interests, “Income (loss) before income tax expense (benefit)” includes “Net income attributable to noncontrolling interests”. Meanwhile “Net income (loss)” changes to “Net income (loss) attributable to Mitsubishi UFJ Financial Group” in order to preserve the consistency of disclosure from the prior years.

3. “Basic earnings (loss) per common share” and “Diluted earnings (loss) per common share” are based on “Net income (loss) available to common shareholders of Mitsubishi UFJ Financial Group” which excludes “Income allocable to preferred shareholders” from “Net income (loss) attributable to Mitsubishi UFJ Financial Group”.

(2) Financial condition

(in millions of yen)

 

		As of September 30,				As of
		2009		2008		March 31, 2009
Total assets		196,814,463		190,656,935		193,499,417
Total average assets		195,206,514		193,937,813		196,214,390
Total Mitsubishi UFJ Financial Group shareholders’ equity		7,197,688		7,744,994		6,234,895
Total average Mitsubishi UFJ Financial Group shareholders’ equity		7,287,400		8,331,171		7,974,628

(3) Cash flows

(in millions of yen)

 

		For the six months ended September 30,						For the fiscal year ended
		2009			2008			March 31, 2009
Net cash provided by (used in) operating activities		984,619			(2,245,500	)		(1,140,503	)
Net cash provided by (used in) investing activities		(4,956,899	)		4,914,084			(8,266,031	)
Net cash provided by (used in) financing activities		3,975,317			(2,326,642	)		8,487,047
Cash and cash equivalents at end of period		3,083,474			4,402,069			3,071,252

 

-1-

---

 

This report is an excerpt of certain highlights from our semiannual condensed consolidated financial information under U.S. GAAP that is included in a report on Form 6-K (the “Form 6-K”) to be submitted to the U.S. Securities and Exchange Commission. This excerpt report does not contain all of the information that may be important to you. In addition to the items highlighted in this report, the Form 6-K includes material disclosure about Mitsubishi UFJ Financial Group, Inc., including its business and other detailed U.S. GAAP financial information. You should read the entire Form 6-K carefully to obtain a comprehensive understanding of our business and U.S. GAAP financial data and related issues.

This report contains forward-looking statements regarding estimation, forecast, target and plan in relation to the results of operations, financial condition and other general 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 estimation, forecast, target and plan regarding future events, certain assumptions have been made, which assumptions are inherently subjective and uncertain. The forward-looking statements should not be viewed as guarantees of future performance as actual results may be significantly different. For instance, the statements regarding realizability of the deferred tax assets or provision for credit losses are based on estimation and other assumptions such as economic factors, our business plan and other factors, and exemplify such situation as above. There exist a number of factors that might lead to uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economy and changes in the regulatory environment. For the key factors that should be considered, please see the financial highlight, the Annual Securities Report, Disclosure Book, Annual Report, Form 20-F, reports on Form 6-K and other current disclosures that the company has publicly released.

 

 

 

-2-

---

(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

 

(in millions of yen)		As of September 30,						As of March 31,
		2009			2008			2009
Assets:
Cash and due from banks		3,083,474			4,402,069			3,071,252
Interest-earning deposits in other banks		4,788,512			5,957,644			3,543,551
Call loans, funds sold, and receivables under resale agreements		3,835,198			4,404,612			2,937,853
Receivables under securities borrowing transactions		5,845,064			6,243,090			6,797,025
Trading account assets		29,731,146			29,015,608			30,281,525
Investment securities:
Securities available for sale		42,258,856			27,919,859			33,390,087
Securities being held to maturity		3,069,173			2,156,830			2,812,353
Other investment securities		1,697,134			544,374			1,434,124
Total investment securities		47,025,163			30,621,063			37,636,564
Loans, net of unearned income, unamortized premiums and deferred loan fees		95,048,475			100,794,969			100,310,341
Allowance for credit losses		(1,254,961	)		(1,304,297	)		(1,156,638	)
Net loans		93,793,514			99,490,672			99,153,703
Premises and equipment—net		1,055,980			1,055,982			1,043,416
Accrued interest		252,685			312,751			267,747
Customers’ acceptance liability		56,825			102,934			59,144
Intangible assets—net		1,154,298			1,277,617			1,191,941
Goodwill		390,764			1,081,324			379,426
Deferred tax assets		1,576,718			1,451,520			2,172,789
Other assets		4,225,122			5,240,049			4,963,481
Total assets		196,814,463			190,656,935			193,499,417
Liabilities and Equity:
Deposits:
Domestic offices:
Non-interest-bearing		14,373,460			14,287,307			15,023,660
Interest-bearing		95,988,781			94,575,082			95,802,559
Overseas offices, principally interest-bearing		21,924,467			19,290,524			17,504,833
Total deposits		132,286,708			128,152,913			128,331,052
Call money, funds purchased, and payables under repurchase agreements		15,325,388			11,705,795			14,147,473
Payables under securities lending transactions		3,951,291			4,266,087			4,279,867
Due to trust account and other short-term borrowings		7,783,106			7,592,700			9,664,224
Trading account liabilities		7,989,937			6,901,379			9,492,561
Obligations to return securities received as collateral		2,536,869			4,288,740			2,708,800
Bank acceptances outstanding		56,825			102,934			59,144
Accrued interest		245,469			293,021			251,285
Long-term debt		14,057,567			13,644,564			13,273,288
Other liabilities		5,120,433			5,460,582			4,824,603
Total liabilities		189,353,593			182,408,715			187,032,297
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock:
Preferred stock		442,100			247,100			442,100
Common stock		1,127,552			1,084,708			1,127,552
Capital surplus		6,095,990			5,864,614			6,095,820
Retained earnings (Accumulated deficit):
Appropriated for legal reserve		239,571			239,571			239,571
Unappropriated retained earnings (Accumulated deficit)		(375,274	)		410,776			(845,778	)
Accumulated other changes in equity from nonowner sources, net of taxes		(321,015	)		338,069			(813,695	)
Treasury stock, at cost		(11,236	)		(439,844	)		(10,675	)
Total Mitsubishi UFJ Financial Group shareholders’ equity		7,197,688			7,744,994			6,234,895
Noncontrolling interests		263,182			503,226			232,225
Total equity		7,460,870			8,248,220			6,467,120
Total liabilities and equity		196,814,463			190,656,935			193,499,417

 

-3-

---

(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations (Unaudited)

 

		For the six months ended September 30,
(in millions of yen)		2009			2008
Interest income:
Loans, including fees		1,025,906			1,323,456
Deposits in other banks		14,771			83,221
Investment securities		234,699			213,360
Trading account assets		159,225			253,900
Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions		21,974			132,072
Total		1,456,575			2,006,009
Interest expense:
Deposits		196,132			448,642
Call money, funds purchased, and payables under repurchase agreements and securities lending transactions		38,424			186,407
Due to trust account, other short-term borrowings, and trading account liabilities		39,198			93,648
Long-term debt		140,478			157,931
Total		414,232			886,628
Net interest income		1,042,343			1,119,381
Provision for credit losses		381,196			457,275
Net interest income after provision for credit losses		661,147			662,106
Non-interest income:
Fees and commissions		566,403			612,757
Foreign exchange gains (losses)—net		235,210			(101,589	)
Trading account profits (losses)—net		472,027			(360,207	)
Investment securities gains (losses)—net		86,617			(187,322	)
Equity in earnings (losses) of equity method investees		(84,126	)		6,123
Other non-interest income		75,719			88,473
Total		1,351,850			58,235
Non-interest expense:
Salaries and employee benefits		460,162			446,595
Occupancy expenses—net		82,483			85,322
Fees and commission expenses		97,530			101,646
Outsourcing expenses, including data processing		106,134			138,356
Depreciation of premises and equipment		55,349			64,595
Amortization of intangible assets		110,755			135,118
Impairment of intangible assets		9,239			49,060
Insurance premiums, including deposit insurance		56,969			56,499
Communications		28,956			32,123
Taxes and public charges		35,533			46,895
Impairment of goodwill		460			—
Other non-interest expenses		213,091			210,759
Total		1,256,661			1,366,968
Income (loss) before income tax expense (benefit)		756,336			(646,627	)
Income tax expense (benefit)		327,836			(238,346	)
Net income (loss) before attribution of noncontrolling interests		428,500			(408,281	)
Net income attributable to noncontrolling interests		8,180			2,251
Net income (loss) attributable to Mitsubishi UFJ Financial Group		420,320			(410,532	)
Income allocable to preferred shareholders:
Cash dividends paid		9,708			3,335
Beneficial conversion feature		—			7,137
Income allocable to preferred shareholders of Mitsubishi UFJ NICOS Co., Ltd.:
Effect of induced conversion of Mitsubishi UFJ NICOS Co., Ltd. Class 1 stock		—			7,676
Net income (loss) available to common shareholders of Mitsubishi UFJ Financial Group		410,612			(428,680	)
(in yen)
Earnings (loss) per share applicable to common shareholders of Mitsubishi UFJ Financial Group:
Basic earnings (loss) per common share—net income (loss) available to common shareholders of Mitsubishi UFJ Financial Group		35.29			(41.07	)
Diluted earnings (loss) per common share—net income (loss) available to common shareholders of Mitsubishi UFJ Financial Group		35.22			(41.07	)

 

-4-

---

(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Credit Quality Data (Unaudited)

 

(in millions of yen)		As of September 30,						As of March 31, 2009
		2009			2008
Nonaccrual loans		1,330,718			1,362,383			1,249,522
Restructured loans		582,731			442,402			521,588
Accruing loans contractually past due 90 days or more		12,794			26,523			21,487
Total		1,926,243			1,831,308			1,792,597
Loans		95,048,475			100,794,969			100,310,341
Allowance for credit losses		(1,254,961	)		(1,304,297	)		(1,156,638	)

 

-5-