Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

(millions of JPY)

Acquisition costs

Convertible preferred stocks and other

Direct acquisition costs

Advisory fees and other

Total acquisition costs

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 July 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: July 29, 2011


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2011

July 29, 2011


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Osaka, Nagoya, New York
Code number:		8306
URL		http://www.mufg.jp/
Representative:		Katsunori Nagayasu, President & CEO
For inquiry:		Naoki Muramatsu, General Manager - Financial Planning Division / Financial Accounting Office
		TEL (03) 3240-7200


Quarterly securities report issuing date: August 15, 2011
Trading accounts: Established
Dividend payment date: -
Supplemental information for quarterly financial statements: Available
Quarterly investor meeting presentation: None

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

1. Consolidated Financial Data for the Three Months ended June 30, 2011

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income					Ordinary Profits				Net Income
Three months ended	million yen		%			million yen		%		million yen		%
June 30, 2011		1,457,779		24.7			601,263		101.0		500,583		200.9
June 30, 2010		1,168,880		(12.5	)		299,128		119.4		166,348		119.0

(*) Comprehensive income June 30, 2011: 661,625 million yen, —% ; June 30, 2010 (36,192) million yen, —%


	Net Income per Common Stock		Diluted Net Income per Common Stock
Three months ended	yen		yen
June 30, 2011		35.40		35.33
June 30, 2010		11.76		11.72

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Attributable to MUFG Shareholders to Total Assets (*1)
As of	million yen		million yen		%
June 30, 2011		206,196,454		11,331,726		4.6
March 31, 2011		206,227,081		10,814,425		4.3

(Reference) Shareholders’ equity as of June 30, 2011: 9,490,702 million yen; March 31, 2011: 8,948,948 million yen

(*1)

“Net assets attributable to MUFG shareholders to total assets” is computed under the formula shown below

(Total net assets - Subscription rights to shares - Minority interests) / Total assets

(*2)

“Risk-adjusted Capital Ratio” will be disclosed separately in mid-August 2011.

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, 2011		—		6.00		—		6.00		12.00
ending March 31, 2012		—		——		——		——		——
ending March 31, 2012 (Forecast)		——		6.00		—		6.00		12.00

(*1)

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

(*2)

The information in the above table is only for dividends on common stocks. Please refer to “Dividends on preferred stocks” with regard to dividends on other type of (unlisted) stocks issued by us.

3.	Earnings Forecasts for the Fiscal Year ending March 31, 2012 (Consolidated)

MUFG has the target of 600.0 billion yen of consolidated net income for the fiscal year ending March 31, 2012. (There are no changes to our earnings targets released on May 16, 2011.)

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.

4. Other

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

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

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

(A)

Changes in accounting policies due to revision of accounting standards: No

(B)

Changes in accounting policies due to reasons other than (A): Yes

(C)

Changes in accounting estimates: No

(D)

Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	June 30, 2011	14,152,084,520 shares
	Mar. 31, 2011	14,150,894,620 shares
(B) Treasury stocks:	June 30, 2011	9,474,719 shares
	Mar. 31, 2011	9,413,730 shares
(C) Average outstanding stocks:	Three months ended June 30, 2011	14,141,918,204 shares
	Three months ended June 30, 2010	14,139,335,066 shares

*Disclosure regarding the execution of the quarterly review process

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

*Notes for using forecasted information etc.

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 effect the current forecasts, please see Consolidated Summary Report, Annual Securities Report, Disclosure Book, Annual Report, and other current disclosures that the company has announced.

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

(Dividends on preferred stocks)

Dividends per share relating to preferred stocks are as follows:


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
Preferred Stock First Series of Class 5
Fiscal year ended March 31, 2011		—		57.50		—		57.50		115.00
Fiscal year ending March 31, 2012		—		——		——		——		——
Fiscal year ending March 31, 2012 (Forecast)		——		57.50		—		57.50		115.00

	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
Preferred Stock Class 11
Fiscal year ended March 31, 2011		—		2.65		—		2.65		5.30
Fiscal year ending March 31, 2012		—		——		——		——		——
Fiscal year ending March 31, 2012 (Forecast)		——		2.65		—		2.65		5.30

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Information Regarding “4. Other” in Consolidated Summary Report			2

(1) Changes in Accounting Policies, Changes in Accounting Estimates and Restatements			2

2. Consolidated Financial Statements			3

(1) Consolidated Balance Sheets			3

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			5

(3) Notes on Going-Concern Assumption			7

(4) Notes for Material Changes in Shareholders’ Equity			7

3. Additional Information			8

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Three Months Ended June 30, 2011”

Mitsubishi UFJ Financial Group, Inc.

1. Information Regarding “4. Other” in Consolidated Summary Report

(1)	Changes in Accounting Policies, Changes in Accounting Estimates and Restatements

(Changes in Accounting Policies)

Some of the consolidated subsidiaries recorded part of their receivables allocated to offset future claims of repayment of interest, as part of allowance for credit losses, simply because of the technical difficulty in drawing distinction between such part of receivables and write-offs of loans. From the previous fiscal year, however, such part of receivables including allowances of similar nature at other consolidated subsidiaries started to be recorded appropriately as reserve for contingent losses, thanks to enough accumulation and development of actual repayment data to enable such distinction by the year end.

This change had impact on neither “Ordinary profits” nor “Income before income taxes and others” for the first quarter of the previous fiscal year.

Mitsubishi UFJ Financial Group, Inc.

2. Consolidated Financial Statements

(1)	Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2011			As of June 30, 2011
Assets:
Cash and due from banks		10,406,053			9,247,654
Call loans and bills bought		361,123			364,258
Receivables under resale agreements		4,997,138			6,316,490
Receivables under securities borrowing transactions		3,621,210			3,810,507
Monetary claims bought		2,700,617			2,719,785
Trading assets		14,946,185			14,731,098
Money held in trust		357,159			355,607
Securities		71,023,637			69,171,599
Loans and bills discounted		79,995,024			79,459,693
Foreign exchanges		1,140,201			1,144,005
Other assets		6,631,715			9,235,276
Tangible fixed assets		1,333,298			1,348,630
Intangible fixed assets		1,069,317			1,049,093
Deferred tax assets		780,310			676,439
Customers’ liabilities for acceptances and guarantees		8,008,084			7,694,286
Allowance for credit losses		(1,143,997	)		(1,127,971	)

Total assets		206,227,081			206,196,454

Liabilities:
Deposits		124,144,337			122,398,585
Negotiable certificates of deposit		10,961,012			10,384,049
Call money and bills sold		2,311,428			2,152,249
Payables under repurchase agreements		12,385,585			13,297,203
Payables under securities lending transactions		2,102,757			2,618,569
Commercial papers		101,688			136,814
Trading liabilities		11,219,391			10,835,192
Borrowed money		8,895,546			8,756,439
Foreign exchanges		685,309			770,631
Short-term bonds payable		436,967			410,278
Bonds payable		6,438,685			6,207,496
Due to trust accounts		1,459,108			1,396,003
Other liabilities		5,422,853			7,039,405
Reserve for bonuses		44,983			11,797
Reserve for bonuses to directors		543			109
Reserve for retirement benefits		59,192			59,475
Reserve for retirement benefits to directors		1,556			1,217
Reserve for loyalty award credits		8,627			7,962
Reserve for contingent losses		492,693			442,118
Reserves under special laws		2,235			1,792
Deferred tax liabilities		43,301			56,707
Deferred tax liabilities for land revaluation		186,765			186,341
Acceptances and guarantees		8,008,084			7,694,286

Total liabilities		195,412,655			194,864,728

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2011			As of June 30, 2011
Net assets:
Capital stock		2,137,476			2,137,804
Capital surplus		2,174,287			2,174,622
Retained earnings		4,799,668			5,211,071
Treasury stock		(6,458	)		(6,508	)

Total shareholders’ equity		9,104,972			9,516,989

Net unrealized gains (losses) on other securities		90,765			175,511
Net deferred gains (losses) on hedging instruments		38,786			36,699
Land revaluation excess		141,198			141,122
Foreign currency translation adjustments		(392,083	)		(345,344	)
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		(34,691	)		(34,276	)

Total accumulated other comprehensive income		(156,024	)		(26,286	)

Subscription rights to shares		7,192			7,042
Minority interests		1,858,283			1,833,981

Total net assets		10,814,425			11,331,726

Total liabilities and net assets		206,227,081			206,196,454

Mitsubishi UFJ Financial Group, Inc.

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

Consolidated Statements of Income


(in millions of yen)	For the three months ended June 30, 2010		For the three months ended June 30, 2011
Ordinary income		1,168,880		1,457,779
Interest income		638,031		598,286
Interest on loans and bills discounted		416,864		381,887
Interest and dividends on securities		142,135		141,161
Trust fees		24,093		23,257
Fees and commissions		265,081		269,062
Trading income		68,409		53,135
Other business income		118,716		163,070
Other ordinary income		54,548		350,967
Ordinary expenses		869,752		856,515
Interest expenses		136,398		127,323
Interest on deposits		57,924		43,839
Fees and commissions		40,878		44,375
Trading expenses		523		—
Other business expenses		25,960		80,170
General and administrative expenses		530,673		524,025
Other ordinary expenses		135,317		80,621

Ordinary profits		299,128		601,263

Extraordinary gains		17,410		18,369
Gains on disposition of fixed assets		352		5,608
Gains on loans written-off		16,187		—
Reversal of reserve for contingent liabilities from financial instruments transactions		870		442
Others		—		12,318
Extraordinary losses		28,778		8,072
Losses on disposition of fixed assets		1,481		2,554
Losses on impairment of fixed assets		144		100
Amortization of goodwill		—		5,416
Loss on adjustment for changes of accounting standard for asset retirement obligations		24,447		—
Losses on changes in subsidiaries’ equity		2,704		—

Income before income taxes and others		287,760		611,561

Income taxes-current		22,519		28,841
Income taxes-deferred		73,054		51,113

Total taxes		95,574		79,955

Income before minority interests		192,185		531,606

Minority interests		25,837		31,022

Net income		166,348		500,583

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the three months ended June 30, 2010			For the three months ended June 30, 2011
Income before minority interests		192,185			531,606
Other comprehensive income
Net unrealized gains (losses) on other securities		(238,195	)		83,136
Net deferred gains (losses) on hedging instruments		(11,020	)		(1,940	)
Foreign currency translation adjustments		17,949			44,141
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		168			414
Share of other comprehensive income of associates accounted for using equity method		2,720			4,267

Total other comprehensive income		(228,377	)		130,019

Comprehensive income		(36,192	)		661,625

(Comprehensive income attributable to)
Comprehensive income attributable to owners of the parent		(63,297	)		630,396
Comprehensive income attributable to minority interests		27,104			31,229

Mitsubishi UFJ Financial Group, Inc.

(3)	Notes on Going-Concern Assumption

Not applicable

(4)	Notes for Material Changes in Shareholders’ Equity

Not applicable

Mitsubishi UFJ Financial Group, Inc.

3. Additional Information

(1)	Summary of the conversion of convertible preferred stocks of Morgan Stanley into common stocks

We have converted all of our convertible preferred stocks of Morgan Stanley into common stocks on June 30, 2011 after certain adjustments to the convertible ratio were made. As a result, our share of the Morgan Stanley voting rights has risen to approximately 22.4% and consequently led to Morgan Stanley becoming an affiliated company of ours.

Summary of Morgan Stanley, the investee, is as follows;


Company name (name of investee)		Morgan Stanley

Business		Bank holding company

The date on which MUFG applied the equity method accounting to Morgan Stanley		June 30, 2011

The legal form that Morgan Stanley became an affiliated company of MUFG		Conversion of convertible preferred stocks to common stocks

Share of voting rights after the conversion		Approximately 22.4%

(2)	The period for which the performance of the investee is included in the consolidated interim income statement of MUFG for the three months ended June 30, 2011

This is not applicable because the starting date of the accounting for the investment under the equity method of the accounting was the last day of the first quarter interim period.

(3)	Summary of the accounting treatment applied

(A)

The Acquisition costs of the investee and its details

(B)

Amount of negative goodwill and the reasons for recognition

Amount of negative goodwill

¥290,639 million

ii)

Reasons for recognition of negative goodwill

The negative goodwill was recognized due to the excess of our share in the fair value of the investee’s net assets over the acquisition costs as of the date on which the common stocks were acquired

(Note)

Due to the fact that purchase price allocation has not yet been completed, the conversion was accounted for preliminarily based on information that is currently available and reasonable.

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2011

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


1. Financial Results	[ MUFG Consolidated ]1[ BTMU and MUTB Combined ]234 [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	1

2. Non Performing Loans Based on the Financial Reconstruction Law	[ BTMU and MUTB Combined including Trust Accounts ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ] [ MUTB Non-consolidated : Trust Accounts ]	5

3. Securities	[ MUFG Consolidated ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	6

4. ROE	[ MUFG Consolidated ]	9

5. Average Interest Rate Spread	[ BTMU and MUTB Combined ]	9

6. Loans and Deposits	[ BTMU and MUTB Combined ]	9

7. Statements of Trust Assets and Liabilities	[ MUTB Non-consolidated ]	10

(Reference)

Exposure to “Securitized Products and Related Investments”		11

(*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 billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2011 (A)			June 30, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		854.9			910.6			(55.6	)
Gross profits before credit costs for trust accounts		854.9			910.6			(55.6	)
Net interest income		470.9			501.6			(30.6	)
Trust fees		23.2			24.0			(0.8	)
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		224.6			224.2			0.4
Net trading profits		53.1			67.8			(14.7	)
Net other business profits		82.9			92.7			(9.8	)
Net gains (losses) on debt securities		77.7			78.3			(0.5	)
General and administrative expenses		505.5			515.1			(9.6	)
Amortization of goodwill		7.4			8.2			(0.7	)
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		356.9			403.7			(46.8	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		349.4			395.4			(46.0	)
Provision for general allowance for credit losses (2)		12.8			39.7			(26.8	)
Net business profits*		362.2			435.1			(72.9	)
Net non-recurring gains (losses)		238.9			(136.0	)		375.0
Credit costs (3)		(50.4	)		(110.0	)		59.5
Losses on loan write-offs		(32.8	)		(60.1	)		27.2
Provision for specific allowance for credit losses		(17.8	)		(51.2	)		33.4
Other credit costs		0.2			1.3			(1.1	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		2.7			—			2.7
Gains on loans written-off (6)		15.9			—			15.9
Net gains (losses) on equity securities		(22.4	)		1.1			(23.5	)
Gains on sales of equity securities		8.0			26.2			(18.2	)
Losses on sales of equity securities		(4.6	)		(3.3	)		(1.3	)
Losses on write-down of equity securities		(25.7	)		(21.7	)		(4.0	)
Profits (losses) from investments in affiliates		309.8			(8.2	)		318.1
Other non-recurring gains (losses)		(16.5	)		(18.8	)		2.2

Ordinary profits		601.2			299.1			302.1

Net extraordinary gains (losses)		10.2			(11.3	)		21.6
Gains on loans written-off (7)		—			16.1			(16.1	)
Reversal of allowance for credit losses (8)		—			—			—
Reversal of reserve for contingent losses included in credit costs (9)		—			—			—
Net gains (losses) on disposition of fixed assets		3.0			(1.1	)		4.1
Amortization of goodwill		(5.4	)		—			(5.4	)
Income before income taxes and others		611.5			287.7			323.8
Income taxes-current		28.8			22.5			6.3
Income taxes-deferred		51.1			73.0			(21.9	)
Total taxes		79.9			95.5			(15.6	)
Income before minority interests		531.6			192.1			339.4
Minority interests		31.0			25.8			5.1

Net income		500.5			166.3			334.2


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)+(7)+(8)+(9)		(18.9	)		(54.1	)		35.1

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2011 (A)			June 30, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		573.3			573.4			(0.0	)
Gross profits before credit costs for trust accounts		573.3			573.4			(0.0	)
Net interest income		344.4			342.5			1.9
Trust fees		17.0			17.9			(0.9	)
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		102.9			101.2			1.6
Net trading profits		35.2			34.4			0.7
Net other business profits		73.6			77.1			(3.4	)
Net gains (losses) on debt securities		74.3			74.8			(0.4	)
General and administrative expenses		301.2			304.2			(2.9	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		272.1			269.1			2.9
Provision for general allowance for credit losses (2)		(2.9	)		17.5			(20.5	)
Net business profits		269.1			286.7			(17.5	)
Net non-recurring gains (losses)		(76.6	)		(94.5	)		17.9
Credit costs (3)		(21.4	)		(43.2	)		21.7
Losses on loan write-offs		(10.0	)		(22.2	)		12.2
Provision for specific allowance for credit losses		(10.5	)		(21.0	)		10.4
Other credit costs		(0.8	)		0.1			(0.9	)
Reversal of allowance for credit losses (4)		2.1			—			2.1
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		8.4			—			8.4
Net gains (losses) on equity securities		(46.6	)		(43.9	)		(2.6	)
Gains on sales of equity securities		5.7			24.5			(18.7	)
Losses on sales of equity securities		(4.5	)		(3.8	)		(0.6	)
Losses on write-down of equity securities		(47.8	)		(64.6	)		16.7
Other non-recurring gains (losses)		(19.1	)		(7.3	)		(11.8	)

Ordinary profits		192.5			192.1			0.3

Net extraordinary gains (losses)		2.6			(5.2	)		7.9
Gains on loans written-off (7)		—			8.8			(8.8	)
Reversal of allowance for credit losses (8)		—			2.1			(2.1	)
Reversal of reserve for contingent losses included in credit costs (9)		—			1.4			(1.4	)
Net gains (losses) on disposition of fixed assets		2.6			(1.1	)		3.8
Income before income taxes		195.1			186.8			8.2
Income taxes-current		16.8			7.4			9.4
Income taxes-deferred		36.3			62.8			(26.4	)
Total taxes		53.2			70.3			(17.0	)

Net income		141.8			116.5			25.2


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)+(7)+(8)+(9)		(13.8	)		(13.3	)		(0.5	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2011 (A)			June 30, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		486.3			481.1			5.1
Net interest income		297.1			302.1			(5.0	)
Net fees and commissions		83.8			82.2			1.5
Net trading profits		28.0			31.2			(3.1	)
Net other business profits		77.3			65.4			11.8
Net gains (losses) on debt securities		70.3			60.5			9.7
General and administrative expenses		254.7			255.7			(0.9	)
Net business profits before provision for general allowance for credit losses		231.5			225.3			6.1
Provision for general allowance for credit losses (1)		(2.9	)		17.5			(20.5	)
Net business profits		228.5			242.9			(14.3	)
Net non-recurring gains (losses)		(70.5	)		(87.6	)		17.0
Credit costs (2)		(21.3	)		(43.1	)		21.7
Losses on loan write-offs		(9.9	)		(22.1	)		12.2
Provision for specific allowance for credit losses		(10.5	)		(21.0	)		10.4
Other credit costs		(0.8	)		0.1			(0.9	)
Reversal of allowance for credit losses (3)		—			—			—
Reversal of reserve for contingent losses included in credit costs (4)		—			—			—
Gains on loans written-off (5)		7.0			—			7.0
Net gains (losses) on equity securities		(41.9	)		(39.0	)		(2.9	)
Gains on sales of equity securities		5.4			22.3			(16.9	)
Losses on sales of equity securities		(3.1	)		(3.5	)		0.3
Losses on write-down of equity securities		(44.2	)		(57.8	)		13.6
Other non-recurring gains (losses)		(14.3	)		(5.4	)		(8.8	)

Ordinary profits		157.9			155.2			2.7

Net extraordinary gains (losses)		(1.8	)		(6.6	)		4.7
Gains on loans written-off (6)		—			8.3			(8.3	)
Reversal of allowance for credit losses (7)		—			—			—
Reversal of reserve for contingent losses included in credit costs (8)		—			1.3			(1.3	)
Net gains (losses) on disposition of fixed assets		(1.8	)		(1.0	)		(0.8	)
Income before income taxes		156.0			148.6			7.4
Income taxes-current		12.2			5.8			6.3
Income taxes-deferred		32.8			48.8			(15.9	)
Total taxes		45.0			54.6			(9.5	)

Net income		111.0			93.9			17.0


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)+(7)+(8)		(17.2	)		(15.8	)		(1.4	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2011 (A)			June 30, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		87.0			92.2			(5.1	)
Gross profits before credit costs for trust accounts		87.0			92.2			(5.1	)
Trust fees		17.0			17.9			(0.9	)
Credit costs for trust accounts (1)		—			—			—
Net interest income		47.3			40.3			6.9
Net fees and commissions		19.1			19.0			0.1
Net trading profits		7.2			3.2			3.9
Net other business profits		(3.6	)		11.6			(15.3	)
Net gains (losses) on debt securities		4.0			14.2			(10.1	)
General and administrative expenses		46.4			48.4			(2.0	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		40.5			43.7			(3.1	)
Provision for general allowance for credit losses (2)		—			—			—
Net business profits		40.5			43.7			(3.1	)
Net non-recurring gains (losses)		(6.0	)		(6.8	)		0.8
Credit costs (3)		(0.1	)		(0.1	)		0.0
Losses on loan write-offs		(0.1	)		(0.1	)		0.0
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(0.0	)		—			(0.0	)
Reversal of allowance for credit losses (4)		2.1			—			2.1
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		1.4			—			1.4
Net gains (losses) on equity securities		(4.6	)		(4.9	)		0.3
Gains on sales of equity securities		0.3			2.1			(1.8	)
Losses on sales of equity securities		(1.3	)		(0.3	)		(1.0	)
Losses on write-down of equity securities		(3.6	)		(6.7	)		3.1
Other non-recurring gains (losses)		(4.8	)		(1.8	)		(3.0	)

Ordinary profits		34.5			36.8			(2.3	)

Net extraordinary gains (losses)		4.4			1.3			3.1
Gains on loans written-off (7)		—			0.4			(0.4	)
Reversal of allowance for credit losses (8)		—			2.1			(2.1	)
Reversal of reserve for contingent losses included in credit costs (9)		—			0.0			(0.0	)
Net gains (losses) on disposition of fixed assets		4.5			(0.1	)		4.6
Income before income taxes		39.0			38.2			0.8
Income taxes-current		4.6			1.6			3.0
Income taxes-deferred		3.5			14.0			(10.5	)
Total taxes		8.2			15.6			(7.4	)

Net income		30.8			22.5			8.2


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)+(7)+(8)+(9)		3.4			2.5			0.8

Mitsubishi UFJ Financial Group, Inc.

2. Non Performing Loans Based on the Financial Reconstruction Law

BTMU and MUTB Combined including Trust Accounts


	(in billions of yen)
	As of June 30, 2011			As of March 31, 2011
Bankrupt or De facto Bankrupt		126.9			131.2
Doubtful		779.8			748.7
Special Attention		560.7			550.6
Non Performing Loans		1,467.4			1,430.7

Total loans		83,992.0			85,006.4
Non Performing Loans / Total loans		1.74	%		1.68	%

BTMU Non-consolidated

	(in billions of yen)
	As of June 30, 2011			As of March 31, 2011
Bankrupt or De facto Bankrupt		124.2			127.2
Doubtful		741.3			712.6
Special Attention		545.5			538.8
Non Performing Loans		1,411.2			1,378.7

Total loans		73,308.5			74,123.1
Non Performing Loans / Total loans		1.92	%		1.86	%

MUTB Non-consolidated

	(in billions of yen)
	As of June 30, 2011			As of March 31, 2011
Bankrupt or De facto Bankrupt		2.4			3.8
Doubtful		38.3			36.0
Special Attention		14.3			11.0
Non Performing Loans		55.1			51.0

Total loans		10,572.7			10,769.8
Non Performing Loans / Total loans		0.52	%		0.47	%

MUTB Non-consolidated: Trust Accounts

	(in billions of yen)
	As of June 30, 2011			As of March 31, 2011
Bankrupt or De facto Bankrupt		0.1			0.1
Doubtful		0.0			0.0
Special Attention		0.7			0.7
Non Performing Loans		1.0			1.0

Total loans		110.7			113.5
Non Performing Loans / Total loans		0.92	%		0.90	%

Mitsubishi UFJ Financial Group, Inc.

3. 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”.

(in billions of yen)

As of June 30, 2011

As of March 31, 2011

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Debt securities being held to maturity

3,088.8

55.6

3,299.5

34.8

(in billions of yen)

As of June 30, 2011

As of March 31, 2011

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Other securities

65,250.2

483.8

67,198.5

327.6

Domestic equity securities

3,485.2

250.1

3,566.3

281.2

Domestic bonds

46,156.8

140.9

48,098.4

70.8

Other

15,608.0

92.7

15,533.6

(24.4

)

Foreign equity securities

174.6

72.6

282.2

83.6

Foreign bonds

13,555.4

95.5

13,637.5

(46.8

)

Other

1,878.0

(75.4

)

1,613.9

(61.3

)

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”.

(in billions of yen)

As of June 30, 2011

As of March 31, 2011

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

1,203.2

22.6

1,159.9

11.8

Stocks of subsidiaries and affiliates

82.3

1.8

98.3

(6.3

)

(in billions of yen)

As of June 30, 2011

As of March 31, 2011

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Other securities

54,162.9

281.2

56,018.6

169.8

Domestic equity securities

2,731.8

43.2

2,803.8

74.2

Domestic bonds

41,662.2

120.6

43,573.0

59.5

Other

9,768.8

117.3

9,641.7

36.0

Foreign equity securities

168.8

71.3

171.9

73.8

Foreign bonds

8,288.1

59.9

8,362.0

(28.6

)

Other

1,311.8

(13.9

)

1,107.7

(9.1

)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

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

(in billions of yen)

As of June 30, 2011

As of March 31, 2011

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

1,539.7

9.9

1,806.6

9.5

Stocks of subsidiaries and affiliates

40.3

17.2

40.3

16.0

(in billions of yen)

As of June 30, 2011

As of March 31, 2011

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Other securities

8,861.3

66.2

8,727.3

10.5

Domestic equity securities

706.8

73.2

716.0

75.2

Domestic bonds

4,246.0

19.4

4,139.5

10.6

Other

3,908.4

(26.3

)

3,871.7

(75.2

)

Foreign equity securities

2.1

0.1

0.7

0.2

Foreign bonds

3,419.4

24.6

3,434.4

(22.7

)

Other

486.7

(51.2

)

436.5

(52.7

)

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the three months ended June 30, 2011		For the three months ended June 30, 2010
ROE*		13.00		7.98

Note:

* ROE is computed as follows:

The one-time impact of Morgan Stanley becoming an equity-method affiliate of MUFG is adjusted.


Net income × 4 - 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

5. Average Interest Rate Spread

BTMU and MUTB Combined

(Domestic business segment)


	(percentage per annum)
	For the three months ended June 30, 2011		For the three months ended June 30, 2010
Average interest rate on loans and bills discounted		1.37		1.43
Average interest rate on deposits and NCD		0.08		0.14
Interest rate spread		1.29		1.28

6. Loans and Deposits

BTMU and MUTB Combined

	(in billions of yen)
	As of June 30, 2011		As of March 31, 2011
Deposits (ending balance)		116,703.2		118,287.8
Deposits (average balance)		115,857.6		113,548.2
Loans (ending balance)		74,886.4		75,570.8
Loans (average balance)		74,515.6		75,007.3

	(in billions of yen)
	As of June 30, 2011		As of March 31, 2011
Domestic deposits (ending balance)*		106,015.1		108,896.5
Individuals		65,436.5		64,384.6

Note:

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

Mitsubishi UFJ Financial Group, Inc.

7. Statements of Trust Assets and Liabilities

MUTB Non-consolidated

Including trust assets under service-shared co-trusteeship


(in billions of yen)	As of March 31, 2011		As of June 30, 2011
Assets:
Loans and bills discounted		147.3		150.2
Securities		48,559.5		48,423.3
Beneficiary rights to the trust		30,104.1		30,595.4
Securities held in custody accounts		1,157.8		1,127.1
Monetary claims		11,411.2		12,058.6
Tangible fixed assets		8,929.4		8,940.2
Intangible fixed assets		131.4		130.8
Other claims		2,790.9		2,317.9
Call loans		1,544.7		1,328.3
Due from banking account		1,459.0		1,395.9
Cash and due from banks		1,911.5		1,935.0

Total		108,147.4		108,403.1

Liabilities:
Money trusts		17,122.3		17,012.7
Pension trusts		12,224.9		11,857.3
Property formation benefit trusts		13.5		13.5
Investment trusts		29,401.1		29,908.8
Money entrusted other than money trusts		2,006.4		2,098.5
Securities trusts		1,302.1		1,254.3
Monetary claim trusts		11,827.7		12,436.0
Equipment trusts		52.2		59.3
Land and fixtures trusts		85.9		85.1
Composite trusts		34,110.8		33,677.2

Total		108,147.4		108,403.1

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.

Mitsubishi UFJ Financial Group, Inc.

(Reference)

Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of June 30, 2011 is outlined below. (Figures are on a managerial basis and rounded off.)

[Balance, net unrealized gains (losses), realized gains]

•

The balance as of the end of June 2011 increased to ¥1.52 trillion in total, an increase of ¥0.06 trillion compared with the balance as of the end of March 2011, mainly due to an increase in highly rated CLOs and CMBS.

•

Net unrealized losses were ¥68 billion, improved by ¥10 billion compared to the end of March 2011.

•

The effect on the P/L for the first quarter ended June 30, 2011 was a gain of approximately ¥3 billion as a result of a gain on sales of sub-prime RMBS.


		(¥bn)
													of which securities being held to maturity²
		Balance¹		Change from end of March 2011			Net unrealized gains (losses)			Change from end of March 2011			Balance		Net unrealized gains (losses)
1	RMBS		94		(13	)		4			(8	)		0		0
2	Sub-prime RMBS		10		(5	)		3			(7	)		0		0
3	CMBS		48		20			0			0			0		0
4	CLOs		1,278		54			(70	)		17			1,058		(69	)
5	Other securitized products (card, etc.)		96		1			(1	)		1			23		0
6	CDOs		1		(2	)		0			0			0		0
7	Sub-prime ABS CDOs		0		0			0			0			0		0

8	Total		1,517		60			(68	)		10			1,081		(69	)

1.	Balance is the amount after impairment and before deducting net unrealized 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.

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.

[Distribution by rating]

•

AAA-rated products accounted for 35% of our investments in securitized products, an increase of 5% compared with the end of March 2011, mainly due to an increase in highly rated CLOs and CMBS.

•

AAA and AA-rated products accounted for 83% of our investments in securitized products.


		(¥bn)
		AAA			AA			A			BBB			BB or lower			Unrated			Total
9	RMBS		28			10			9			22			25			0			94
10	Sub-prime RMBS		5			1			0			1			3			0			10
11	CMBS		34			2			11			0			1			0			48
12	CLOs		413			691			62			64			48			0			1,278
13	Other securitized products (card, etc.)		51			31			4			7			2			1			96
14	CDOs		0			0			0			0			1			0			1
15	Sub-prime ABS CDOs		0			0			0			0			0			0			0

16	Total		526			733			86			93			77			1			1,517

17	Percentage of total		35	%		48	%		6	%		6	%		5	%		0	%		100	%
18	Percentage of total (End of March 2011)		30	%		51	%		7	%		5	%		6	%		0	%		100	%

Mitsubishi UFJ Financial Group, Inc.

[Credit exposure related to leveraged loan]

•

We are not engaged in origination or distribution of securitized products of leveraged loans, and therefore, there is no balance of leveraged loans for securitization.

•

The following table shows the balances of LBO loans as of the end of June 2011.


		(¥bn)
		Americas		Europe		Asia		Japan		Total		Change from end of March 2011
1	LBO Loan³ (Balance on a commitment basis)		19		134		20		194		367		39
2	Balance on a booking basis		11		120		18		173		323		37

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

[Special Purpose Entities (SPEs)]

•

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

•

The balance of assets purchased by ABCP conduits (special purpose companies for issuing ABCP) as of the end of June 2011 was ¥3.35 trillion (¥0.97 trillion overseas).

•

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


RMBS	:	Asset-backed securities collateralized by residential mortgages
CMBS	:	Asset-backed securities collateralized by commercial mortgages
CLOs	:	Collateralized debt 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
LBO Loans	:	Loans collateralized by assets and/or future cash flows of an acquired company
ABCP	:	Commercial papers issued by a Special Purpose Company (SPC) collateralized by receivables