Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

Form 6-K

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 under

the Securities Exchange Act of 1934

For the month of January 2011

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 of 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: January 20, 2011


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Manabu Ishii
Name:		Manabu Ishii
Title:		Chief Manager, General Affairs
		Corporate Administration Division

Interim Consolidated Summary Report

For the Fiscal Year Ending March 31, 2011


Date:		January 20, 2011
Company name (code number):		Mitsubishi UFJ Financial Group, Inc. (8306)
		(URL http://www.mufg.jp/)
Stock exchange listings:		Tokyo, Osaka, Nagoya, New York
Representative:		Katsunori Nagayasu, 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, 2010

(1) Operating results


		(in millions of yen, except per share data)


	For the six months ended September 30,
	2010		2009
Total revenue		2,667,099		2,808,425
Income before income tax expense		964,859		756,336
Net income attributable to Mitsubishi UFJ Financial Group		591,531		420,320
Basic earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		41.01		35.29
Diluted earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		40.92		35.22


Notes:
1. Average number of shares outstanding		(in thousands of shares)

	For the six months ended September 30,
	2010		2009
Common stock		14,133,196		11,635,636

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


(2) Financial condition

		(in millions of yen)

	As of September 30,		As of March 31,
	2010		2010
Total assets		203,780,829		200,084,397
Total Mitsubishi UFJ Financial Group shareholders’ equity		8,794,964		8,866,918

(3) Cash flows


		(in millions of yen)

	For the six months ended September 30,
	2010			2009
Net cash provided by operating activities		664,575			984,619
Net cash used in investing activities		(3,098,231	)		(4,956,899	)
Net cash provided by financing activities		2,525,115			3,975,317
Cash and cash equivalents at end of period		2,930,622			3,083,474

-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 the company’s business and U.S. GAAP financial data and related issues.

This report contains forward-looking statements regarding estimations, forecasts, targets and plans 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 estimations, forecasts, targets and plans 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 estimations and other assumptions with respect to economic factors, our business performance and other factors. There exist a number of factors that create 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, 2010			As of March 31, 2010
Assets:
Cash and due from banks		2,930,622			2,862,523
Interest-earning deposits in other banks		4,182,942			4,780,861
Call loans, funds sold, and receivables under resale agreements		5,555,887			4,051,942
Receivables under securities borrowing transactions		3,726,110			5,770,044
Trading account assets		34,471,562			27,663,076
Investment securities:
Securities available for sale		53,256,193			50,411,876
Securities being held to maturity		2,781,284			2,943,801
Other investment securities		1,674,508			1,690,838

Total investment securities		57,711,985			55,046,515

Loans, net of unearned income, unamortized premiums and deferred loan fees		86,612,964			92,185,910
Allowance for credit losses		(1,294,271	)		(1,315,615	)

Net loans		85,318,693			90,870,295

Premises and equipment—net		972,788			995,167
Accrued interest		251,603			240,267
Customers’ acceptance liability		61,437			49,143
Intangible assets—net		1,052,858			1,116,117
Goodwill		377,136			381,498
Deferred tax assets		1,157,671			1,287,611
Other assets		6,009,535			4,969,338

Total assets		203,780,829			200,084,397

Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing		14,562,600			15,201,298
Interest-bearing		98,252,191			97,526,535
Overseas offices, principally interest-bearing		22,055,496			22,744,663

Total deposits		134,870,287			135,472,496

Call money, funds purchased, and payables under repurchase agreements		16,021,287			13,730,480
Payables under securities lending transactions		3,416,135			3,633,891
Due to trust account and other short-term borrowings		6,986,725			7,656,967
Trading account liabilities		12,013,778			8,688,826
Obligations to return securities received as collateral		3,245,276			3,229,321
Bank acceptances outstanding		61,437			49,143
Accrued interest		194,514			218,117
Long-term debt		13,458,398			14,162,424
Other liabilities		4,372,590			4,139,892

Total liabilities		194,640,427			190,981,557

Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock:
Preferred stock		442,100			442,100
Common stock		1,644,095			1,643,238
Capital surplus		6,390,575			6,619,525
Retained earnings (Accumulated deficit):
Appropriated for legal reserve		239,571			239,571
Unappropriated retained earnings (Accumulated deficit)		477,977			(18,127	)
Accumulated other changes in equity from nonowner sources, net of taxes		(389,582	)		(45,435	)
Treasury stock, at cost		(9,772	)		(13,954	)

Total Mitsubishi UFJ Financial Group shareholders’ equity		8,794,964			8,866,918
Noncontrolling interests		345,438			235,922

Total equity		9,140,402			9,102,840

Total liabilities and equity		203,780,829			200,084,397

-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)	2010			2009
Interest income:
Loans, including fees		855,653			1,025,906
Deposits in other banks		13,321			14,771
Investment securities		248,745			234,699
Trading account assets		148,057			159,225
Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions		25,579			21,974

Total		1,291,355			1,456,575

Interest expense:
Deposits		137,690			196,132
Call money, funds purchased, and payables under repurchase agreements and securities lending transactions		32,163			38,424
Due to trust account, other short-term borrowings, and trading account liabilities		28,194			39,198
Long-term debt		143,972			140,478

Total		342,019			414,232

Net interest income		949,336			1,042,343
Provision for credit losses		186,314			381,196

Net interest income after provision for credit losses		763,022			661,147

Non-interest income:
Fees and commissions		557,613			566,403
Foreign exchange gains—net		175,107			235,210
Trading account profits—net		486,017			472,027
Investment securities gains—net		105,841			86,617
Equity in losses of equity method investees		(21,223	)		(84,126	)
Other non-interest income		72,389			75,719

Total		1,375,744			1,351,850

Non-interest expense:
Salaries and employee benefits		437,698			460,162
Occupancy expenses—net		80,659			82,483
Fees and commission expenses		102,947			97,530
Outsourcing expenses, including data processing		97,454			106,134
Depreciation of premises and equipment		48,471			55,349
Amortization of intangible assets		109,881			110,755
Impairment of intangible assets		16,363			9,239
Insurance premiums, including deposit insurance		56,513			56,969
Communications		27,253			28,956
Taxes and public charges		33,450			35,533
Impairment of goodwill		—			460
Other non-interest expenses		163,218			213,091

Total		1,173,907			1,256,661

Income before income tax expense		964,859			756,336
Income tax expense		375,936			327,836

Net income before attribution of noncontrolling interests		588,923			428,500
Net income (loss) attributable to noncontrolling interests		(2,608	)		8,180

Net income attributable to Mitsubishi UFJ Financial Group		591,531			420,320

Income allocable to preferred shareholders:
Cash dividends paid		11,970			9,708

Net income available to common shareholders of Mitsubishi UFJ Financial Group		579,561			410,612


(in yen)
Earnings per share applicable to common shareholders of Mitsubishi UFJ Financial Group:
Basic earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group		41.01			35.29
Diluted earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group		40.92			35.22

-4-

(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Credit Quality Data (Unaudited)


(in millions of yen)	As of September 30, 2010			As of March 31, 2010
Nonaccrual loans		1,286,579			1,369,009

Restructured loans		784,307			612,192

Accruing loans contractually past due 90 days or more		44,381			26,418

Total		2,115,267			2,007,619

Loans		86,612,964			92,185,910

Allowance for credit losses		(1,294,271	)		(1,315,615	)

-5-