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 November 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: November 14, 2011


Mitsubishi UFJ Financial Group, Inc.

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


Consolidated Summary Report <under Japanese GAAP> for the six months ended September 30, 2011
		November 14, 2011
		November 14, 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:	November 29, 2011	Dividend payment date:	December 8, 2011
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, 2011

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income					Ordinary Profits				Net Income
	million yen		%			million yen		%		million yen		%
Six months ended
September 30, 2011		2,671,205		12.7			958,644		76.9		696,091		95.1
September 30, 2010		2,369,479		(9.5	)		542,053		132.6		356,775		153.1

(*)	Comprehensive income

September 30, 2011: 818,223 million yen, 361.8%: September 30, 2010: 177,199 million yen, — %


	Net Income per Common Stock		Diluted Net Income per Common Stock
	yen		yen
Six months ended
September 30, 2011		48.58		48.51
September 30, 2010		24.60		24.53

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Attributable to MUFG Shareholders to Total Assets^(*1)		Risk-adjusted Capital Ratio^(*2)
	million yen		million yen		%		%
As of
September 30, 2011		215,947,173		11,334,750		4.5		15.42
March 31, 2011		206,227,081		10,814,425		4.3		14.89

(Reference) Shareholders’ equity as of September 30, 2011: 9,623,920 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” is computed in accordance with the “Standards for Consolidated Capital Adequacy Ratio of Bank Holding Company under Article 52-25 of the Banking Law” (the Notification of the Financial Services Agency No. 20, 2006).

2. Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
Fiscal year
ended March 31, 2011		—		6.00		—		6.00		12.00
ending March 31, 2012		—		6.00
ending March 31, 2012 (Forecast)						—		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 900.0 billion yen of consolidated net income for the fiscal year ending March 31, 2012. (There is a change 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)	Changes in accounting policies, changes in accounting estimates and restatements

(A)

Changes in accounting policies due to revision of accounting standards: Yes

(B)

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

(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, 2011	14,154,508,220 shares
	March 31, 2011	14,150,894,620 shares
(B) Treasury stocks:	September 30, 2011	9,533,568 shares
	March 31, 2011	9,413,730 shares
(C) Average outstanding stocks:	Six months ended September 30, 2011	14,143,389,335 shares
	Six months ended September 30, 2010	14,140,309,303 shares

(Summary of non-consolidated financial data)

1. Non-consolidated Financial Data for the Six Months ended September 30, 2011

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Operating Income					Operating Profits					Ordinary Profits					Net Income
	million yen		%			million yen		%			million yen		%			million yen		%
Six months ended
September 30, 2011		160,243		(28.5	)		152,505		(29.6	)		140,065		(30.7	)		143,043		(25.1	)
September 30, 2010		224,237		56.6			216,558		60.9			202,029		72.9			191,048		—


	Net Income per Common Stock
	yen
Six months ended
September 30, 2011		9.47
September 30, 2010		12.87

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Ratio
	million yen		million yen		%
As of
September 30, 2011		10,936,373		8,681,208		79.3
March 31, 2011		10,991,515		8,612,722		78.3

(Reference) Shareholders’ equity as of September 30, 2011: 8,674,340 million yen; March 31, 2011: 8,605,534 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.

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. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.

(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		—		57.50
Fiscal year ending March 31, 2012 (Forecast)						—		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		—		2.65
Fiscal year ending March 31, 2012 (Forecast)						—		2.65		5.30

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, 2011			2
(1) Qualitative Information Pertaining to Consolidated Earnings Forecasts			2

2. Information Regarding “4. Other” in Consolidated Summary Report			3
(1) Changes in Accounting Policies, Changes in Accounting Estimates and Restatements			3

3. Consolidated Financial Statements			4
(1) Consolidated Balance Sheets			4
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			6
(3) Consolidated Statements of Changes in Net Assets			8
(4) Notes on Going-Concern Assumption			11

4. Non-consolidated Financial Statements			12
(1) Non-consolidated Balance Sheets			12
(2) Non-consolidated Statements of Income			14
(3) Non-consolidated Statements of Changes in Net Assets			15
(4) Notes on Going-Concern Assumption			17

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Six Months Ended September 30, 2011”

(*)	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 14, 2011 (Monday)
Explanation for investors and analysts:		November 18, 2011 (Friday)

Mitsubishi UFJ Financial Group, Inc.

1. Qualitative Information Pertaining to Consolidated Earnings and others for the Six Months ended September 30, 2011

(1) Qualitative Information Pertaining to Consolidated Earnings Forecasts

MUFG has revised our earnings target of consolidated net income for the fiscal year ending March 31, 2012 upward to 900.0 billion yen to take into account the strong performance of the interim results of our subsidiaries and the recognition of negative goodwill by making Morgan Stanley an equity method affiliate.

(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, 2012			For the six months ended September 30, 2011 (Results)			For the fiscal year ended March 31, 2011 (Results)			For the six months ended September 30, 2010 (Results)
Ordinary profits		1,450.0			958.6			646.4			542.0
Net income (loss)		900.0			696.0			583.0			356.7
Total credit costs		(170.0	)		(28.6	)		(354.1	)		(153.0	)

<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		980.0			553.8			1,006.5			544.5
Ordinary profits (losses)		720.0			416.5			657.9			394.4
Net income (loss)		415.0			271.9			639.2			282.3
Total credit costs		(80.0	)		(7.5	)		(166.1	)		(42.6	)

Mitsubishi UFJ Trust and Banking Corporation
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		150.0			74.6			150.4			76.2
Ordinary profits (losses)		115.0			64.1			104.6			62.8
Net income (loss)		75.0			46.0			75.4			41.5
Total credit costs		0.0			7.0			(8.0	)		4.3

Mitsubishi UFJ Financial Group, Inc.

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

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

(Changes in Accounting Policies)

(i)	Application of the revised “Accounting Standard for Earnings Per Share”

Starting with the current interim accounting period, we have applied “Accounting Standard for Earnings Per Share” (ASBJ Statement No.2 revised on June 30, 2010) and “Guidance on Accounting Standard for Earnings Per Share” (ASBJ Guidance No.4 revised on June 30, 2010).

(ii)	Recording of receivables to be offset by the future claims for interest repayment as reserve for contingent losses

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 previous interim accounting period.

Mitsubishi UFJ Financial Group, Inc.

3. Consolidated Financial Statements

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2011			As of September 30, 2011
Assets:
Cash and due from banks		10,406,053			9,718,507
Call loans and bills bought		361,123			355,814
Receivables under resale agreements		4,997,138			5,501,927
Receivables under securities borrowing transactions		3,621,210			4,914,149
Monetary claims bought		2,700,617			2,725,700
Trading assets		14,946,185			17,550,220
Money held in trust		357,159			353,925
Securities		71,023,637			75,574,168
Loans and bills discounted		79,995,024			79,511,436
Foreign exchanges		1,140,201			1,210,420
Other assets		6,631,715			9,218,341
Tangible fixed assets		1,333,298			1,340,719
Intangible fixed assets		1,069,317			1,034,816
Deferred tax assets		780,310			669,611
Customers’ liabilities for acceptances and guarantees		8,008,084			7,326,502
Allowance for credit losses		(1,143,997	)		(1,059,090	)

Total assets		206,227,081			215,947,173

Liabilities:
Deposits		124,144,337			121,582,539
Negotiable certificates of deposit		10,961,012			10,180,494
Call money and bills sold		2,311,428			2,028,366
Payables under repurchase agreements		12,385,585			15,562,627
Payables under securities lending transactions		2,102,757			4,077,890
Commercial papers		101,688			280,511
Trading liabilities		11,219,391			13,666,796
Borrowed money		8,895,546			10,375,917
Foreign exchanges		685,309			668,819
Short-term bonds payable		436,967			479,166
Bonds payable		6,438,685			6,223,573
Due to trust accounts		1,459,108			1,405,224
Other liabilities		5,422,853			9,978,058
Reserve for bonuses		44,983			43,876
Reserve for bonuses to directors		543			222
Reserve for retirement benefits		59,192			57,729
Reserve for retirement benefits to directors		1,556			1,294
Reserve for loyalty award credits		8,627			8,919
Reserve for contingent losses		492,693			396,436
Reserves under special laws		2,235			1,793
Deferred tax liabilities		43,301			81,098
Deferred tax liabilities for land revaluation		186,765			184,562
Acceptances and guarantees		8,008,084			7,326,502

Total liabilities		195,412,655			204,612,423

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2011			As of September 30, 2011
Net assets:
Capital stock		2,137,476			2,138,483
Capital surplus		2,174,287			2,175,299
Retained earnings		4,799,668			5,406,969
Treasury stock		(6,458	)		(6,533	)

Total shareholders’ equity		9,104,972			9,714,218

Net unrealized gains (losses) on other securities		90,765			109,025
Net deferred gains (losses) on hedging instruments		38,786			29,523
Land revaluation excess		141,198			140,731
Foreign currency translation adjustments		(392,083	)		(337,349	)
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		(34,691	)		(32,230	)

Total accumulated other comprehensive income		(156,024	)		(90,298	)

Subscription rights to shares		7,192			6,872
Minority interests		1,858,283			1,703,957

Total net assets		10,814,425			11,334,750

Total liabilities and net assets		206,227,081			215,947,173

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, 2010		For the six months ended September 30, 2011
Ordinary income		2,369,479		2,671,205
Interest income		1,277,731		1,161,064
Interest on loans and bills discounted		821,715		750,154
Interest and dividends on securities		310,462		279,986
Trust fees		50,521		49,282
Fees and commissions		553,917		556,909
Trading income		129,992		97,357
Other business income		270,432		374,991
Other ordinary income		86,884		431,599
Ordinary expenses		1,827,425		1,712,561
Interest expenses		268,475		253,311
Interest on deposits		113,736		89,676
Fees and commissions		79,670		82,862
Other business expenses		63,812		113,604
General and administrative expenses		1,051,900		1,026,413
Other ordinary expenses		363,566		236,371

Ordinary profits		542,053		958,644

Extraordinary gains		40,580		20,116
Gains on disposition of fixed assets		1,235		7,356
Gains on loans written-off		33,707		—
Reversal of reserve for contingent liabilities from financial instruments transactions		868		441
Gains on sales of equity securities of affiliates		—		12,318
Others		4,769		—
Extraordinary losses		33,635		15,675
Losses on disposition of fixed assets		4,334		5,718
Losses on impairment of fixed assets		4,854		3,990
Loss on adjustment for changes of accounting standard for asset retirement obligations		24,447		—
Amortization of goodwill		—		5,966

Income before income taxes and others		548,998		963,085

Income taxes—current		47,664		116,790
Income taxes—deferred		137,156		92,567

Total taxes		184,820		209,358

Income before minority interests		364,177		753,726

Minority interests		7,401		57,635

Net income		356,775		696,091

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the six months ended September 30, 2010			For the six months ended September 30, 2011
Income before minority interests		364,177			753,726
Other comprehensive income
Net unrealized gains (losses) on other securities		(122,410	)		14,788
Net deferred gains (losses) on hedging instruments		(15,512	)		(8,730	)
Foreign currency translation adjustments		(52,438	)		52,134
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		2,800			2,460
Share of other comprehensive income of associates accounted for using equity method		582			3,844

Total other comprehensive income		(186,978	)		64,497

Comprehensive income		177,199			818,223

(Comprehensive income attributable to)
Comprehensive income attributable to owners of the parent		169,635			762,282
Comprehensive income attributable to minority interests		7,564			55,941

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets


(in millions of yen)	For the six months ended September 30, 2010			For the six months ended September 30, 2011
Shareholders’ equity
Capital stock
Balance at the beginning of the period		2,136,582			2,137,476
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		856			1,006

Total changes during the period		856			1,006

Balance at the end of the period		2,137,439			2,138,483

Capital surplus
Balance at the beginning of the period		2,423,322			2,174,287
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		856			1,005
Disposition of treasury stock		65			7
Retirement of treasury stock		(250,000	)		—

Total changes during the period		(249,077	)		1,012

Balance at the end of the period		2,174,244			2,175,299

Retained earnings
Balance at the beginning of the period		4,405,512			4,799,668
Changes during the period
Dividends from retained earnings		(96,779	)		(93,796	)
Net income		356,775			696,091
Reversal of land revaluation excess		687			466
Change of application of equity method		—			4,540

Total changes during the period		260,683			607,301

Balance at the end of the period		4,666,196			5,406,969

Treasury stock
Balance at the beginning of the period		(6,633	)		(6,458	)
Changes during the period
Repurchase of treasury stock		(250,014	)		(91	)
Disposition of treasury stock		207			16
Retirement of treasury stock		250,000			—

Total changes during the period		193			(74	)

Balance at the end of the period		(6,439	)		(6,533	)

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the six months ended September 30, 2010			For the six months ended September 30, 2011
Total shareholders’ equity
Balance at the beginning of the period		8,958,783			9,104,972
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		1,713			2,011
Dividends from retained earnings		(96,779	)		(93,796	)
Net income		356,775			696,091
Repurchase of treasury stock		(250,014	)		(91	)
Disposition of treasury stock		273			24
Retirement of treasury stock		—			—
Reversal of land revaluation excess		687			466
Change of application of equity method		—			4,540

Total changes during the period		12,656			609,245

Balance at the end of the period		8,971,439			9,714,218

Accumulated other comprehensive income
Net unrealized gains (losses) on other securities
Balance at the beginning of the period		403,490			90,765
Changes during the period
Net changes of items other than shareholders’ equity		(121,031	)		18,259

Total changes during the period		(121,031	)		18,259

Balance at the end of the period		282,459			109,025

Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		92,402			38,786
Changes during the period
Net changes of items other than shareholders’ equity		(15,364	)		(9,262	)

Total changes during the period		(15,364	)		(9,262	)

Balance at the end of the period		77,037			29,523

Land revaluation excess
Balance at the beginning of the period		142,848			141,198
Changes during the period
Net changes of items other than shareholders’ equity		(687	)		(466	)

Total changes during the period		(687	)		(466	)

Balance at the end of the period		142,161			140,731

Foreign currency translation adjustments
Balance at the beginning of the period		(254,800	)		(392,083	)
Changes during the period
Net changes of items other than shareholders’ equity		(53,545	)		54,734

Total changes during the period		(53,545	)		54,734

Balance at the end of the period		(308,345	)		(337,349	)

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the six months ended September 30, 2010			For the six months ended September 30, 2011
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP
Balance at the beginning of the period		(36,930	)		(34,691	)
Changes during the period
Net changes of items other than shareholders’ equity		2,800			2,460

Total changes during the period		2,800			2,460

Balance at the end of the period		(34,129	)		(32,230	)

Total accumulated other comprehensive income
Balance at the beginning of the period		347,011			(156,024	)
Changes during the period
Net changes of items other than shareholders’ equity		(187,827	)		65,725

Total changes during the period		(187,827	)		65,725

Balance at the end of the period		159,183			(90,298	)

Subscription rights to shares
Balance at the beginning of the period		6,451			7,192
Changes during the period
Net changes of items other than shareholders’ equity		(282	)		(320	)

Total changes during the period		(282	)		(320	)

Balance at the end of the period		6,168			6,872

Minority interests
Balance at the beginning of the period		1,987,213			1,858,283
Changes during the period
Net changes of items other than shareholders’ equity		207,959			(154,326	)

Total changes during the period		207,959			(154,326	)

Balance at the end of the period		2,195,173			1,703,957

Total net assets
Balance at the beginning of the period		11,299,459			10,814,425
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		1,713			2,011
Dividends from retained earnings		(96,779	)		(93,796	)
Net income		356,775			696,091
Repurchase of treasury stock		(250,014	)		(91	)
Disposition of treasury stock		273			24
Retirement of treasury stock		—			—
Reversal of land revaluation excess		687			466
Change of application of equity method		—			4,540
Net changes of items other than shareholders’ equity		19,849			(88,921	)

Total changes during the period		32,505			520,324

Balance at the end of the period		11,331,965			11,334,750

Mitsubishi UFJ Financial Group, Inc.

(4) Notes on Going-Concern Assumption

Not applicable

Mitsubishi UFJ Financial Group, Inc.

4. Non-consolidated Financial Statements

(1) Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2011		As of September 30, 2011
Assets:
Current assets:
Cash and due from banks		11,031		11,733
Securities		140,500		178,600
Others		89,509		36,962

Total current assets		241,041		227,296

Fixed assets:
Tangible fixed assets		168		141
Intangible fixed assets		2,899		2,882
Investments and other assets		10,747,406		10,706,052
Investment securities		803,197		—
Investments in subsidiaries and affiliates		9,943,868		10,705,810
Others		340		241

Total fixed assets		10,750,474		10,709,076

Total assets		10,991,515		10,936,373

Liabilities:
Current liabilities:
Short-term borrowings		1,566,980		1,670,662
Current portion of long-term borrowings		391,000		152,500
Lease liabilities		8		8
Income taxes payable		98		64
Reserve for bonuses and reserve for bonuses to directors		399		330
Others		7,613		7,040

Total current liabilities		1,966,100		1,830,606

Fixed liabilities:
Bonds payable		380,500		380,500
Long-term borrowings		20,702		20,493
Lease liabilities		13		8
Others		11,477		23,557

Total fixed liabilities		412,693		424,559

Total liabilities		2,378,793		2,255,165

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2011			As of September 30, 2011
Net assets:
Shareholders’ equity:
Capital stock		2,137,476			2,138,483
Capital surplus:
Capital reserve		2,137,493			2,138,498
Other capital surplus		1,860,006			1,860,006

Total capital surplus		3,997,500			3,998,505

Retained earnings:
Other retained earnings:
Other reserve		150,000			150,000
Earned surplus brought forward		2,316,337			2,365,505

Total retained earnings		2,466,337			2,515,505

Treasury stock		(37	)		(41	)

Total shareholders’ equity		8,601,276			8,652,452

Valuation and translation adjustments:
Net unrealized gains (losses) on other securities		4,257			—
Net deferred gains (losses) on hedging instruments		—			21,887

Total valuation and translation adjustments		4,257			21,887

Subscription rights to shares		7,188			6,868

Total net assets		8,612,722			8,681,208

Total liabilities and net assets		10,991,515			10,936,373

Mitsubishi UFJ Financial Group, Inc.

(2) Non-consolidated Statements of Income


(in millions of yen)	For the six months ended September 30, 2010		For the six months ended September 30, 2011
Operating income		224,237		160,243
Operating expenses		7,679		7,737

Operating profits		216,558		152,505

Non-operating income		7,977		8,220
Non-operating expenses		22,506		20,660

Ordinary profits		202,029		140,065

Extraordinary gains		1,733		5,388
Extraordinary losses		—		0

Income before income taxes		203,763		145,453

Income taxes-current		3,816		206
Income taxes-deferred		8,898		2,203

Total taxes		12,715		2,410

Net income		191,048		143,043

Mitsubishi UFJ Financial Group, Inc.

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


(in millions of yen)	For the six months ended September 30, 2010			For the six months ended September 30, 2011
Shareholders’ equity
Capital stock
Balance at the beginning of the period		2,136,582			2,137,476
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		856			1,006

Total changes during the period		856			1,006

Balance at the end of the period		2,137,439			2,138,483

Capital surplus
Capital reserve
Balance at the beginning of the period		2,136,600			2,137,493
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		856			1,005

Total changes during the period		856			1,005

Balance at the end of the period		2,137,456			2,138,498

Other capital surplus
Balance at the beginning of the period		2,109,941			1,860,006
Changes during the period
Disposition of treasury stock		65			(0	)
Retirement of treasury stock		(250,000	)		—

Total changes during the period		(249,934	)		(0	)

Balance at the end of the period		1,860,006			1,860,006

Retained earnings
Other retained earnings
Other reserve
Balance at the beginning of the period		150,000			150,000

Balance at the end of the period		150,000			150,000

Earned surplus brought forward
Balance at the beginning of the period		2,162,138			2,316,337
Changes during the period
Dividends from retained earnings		(96,857	)		(93,874	)
Net income		191,048			143,043

Total changes during the period		94,190			49,168

Balance at the end of the period		2,256,328			2,365,505

Treasury stock
Balance at the beginning of the period		(217	)		(37	)
Changes during the period
Repurchase of treasury stock		(250,011	)		(6	)
Disposition of treasury stock		207			1
Retirement of treasury stock		250,000			—

Total changes during the period		195			(4	)

Balance at the end of the period		(21	)		(41	)

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the six months ended September 30, 2010			For the six months ended September 30, 2011
Total shareholders’ equity
Balance at the beginning of the period		8,695,044			8,601,276
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		1,713			2,011
Dividends from retained earnings		(96,857	)		(93,874	)
Net income		191,048			143,043
Repurchase of treasury stock		(250,011	)		(6	)
Disposition of treasury stock		273			1
Retirement of treasury stock		—			—

Total changes during the period		(153,835	)		51,175

Balance at the end of the period		8,541,209			8,652,452

Valuation and translation adjustments
Net unrealized gains (losses) on other securities
Balance at the beginning of the period		10,254			4,257
Changes during the period
Net changes of items other than shareholders’ equity		(13,272	)		(4,257	)

Total changes during the period		(13,272	)		(4,257	)

Balance at the end of the period		(3,017	)		—

Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		—			—
Changes during the period
Net changes of items other than shareholders’ equity		—			21,887

Total changes during the period		—			21,887

Balance at the end of the period		—			21,887

Subscription rights to shares
Balance at the beginning of the period		6,450			7,188
Changes during the period
Net changes of items other than shareholders’ equity		(287	)		(320	)

Total changes during the period		(287	)		(320	)

Balance at the end of the period		6,163			6,868

Total net assets
Balance at the beginning of the period		8,711,750			8,612,722
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		1,713			2,011
Dividends from retained earnings		(96,857	)		(93,874	)
Net income		191,048			143,043
Repurchase of treasury stock		(250,011	)		(6	)
Disposition of treasury stock		273			1
Retirement of treasury stock		—			—
Net changes of items other than shareholders’ equity		(13,560	)		17,310

Total changes during the period		(167,395	)		68,486

Balance at the end of the period		8,544,355			8,681,208

Mitsubishi UFJ Financial Group, Inc.

(4) Notes on Going-Concern Assumption

Not applicable

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 30, 2011

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

2. Average Interest Rate Spread			7
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]
[ BTMU and MUTB Combined ]

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting			8
[ MUFG Consolidated ][ BTMU Consolidated ][ MUTB Consolidated ]

4. Securities			9
[ MUFG Consolidated ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

5. ROE			12
[ MUFG Consolidated ]

6. Risk-Adjusted Capital Ratio Based on the Basel 2 Standards			13
[ MUFG Consolidated ][ BTMU Consolidated ][ MUTB Consolidated ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

7. Risk-Monitored Loans			14
[ MUFG Consolidated ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]
[ MUTB Non-consolidated : Trust Accounts ]

8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)			18
[ BTMU and MUTB Combined including Trust Accounts ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]
[ MUTB Non-consolidated : Trust Accounts ]

9. Progress in Disposition of Problem Assets			23
[ BTMU and MUSP Combined ]*5
[ MUTB Non-consolidated including Trust Accounts ]

10. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors			25
[ BTMU and MUTB Combined including Trust Accounts ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]
[ MUTB Non-consolidated : Trust Accounts ]

11. Overseas Loans			29
[ BTMU and MUTB Combined ]

12. Loans and Deposits			30
[ BTMU and MUTB Combined ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

13. Domestic Deposits			31
[ BTMU and MUTB Combined ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

14. Status of Deferred Tax Assets			32
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

(References)

1. Exposure to “Securitized Products and Related Investments”			34

2. Financial Statements			36
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

(*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.

(*5) “MUSP” means MU Strategic Partner, Co., Ltd.

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, 2011 (A)			September 30, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,789,885			1,870,712			(80,826	)
Gross profits before credit costs for trust accounts		1,789,885			1,870,712			(80,826	)
Net interest income		907,810			1,009,332			(101,521	)
Trust fees		49,282			50,521			(1,238	)
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		474,047			474,246			(198	)
Net trading profits		97,357			129,992			(32,635	)
Net other business profits		261,387			206,620			54,767
Net gains (losses) on debt securities		221,529			170,746			50,782
General and administrative expenses		990,182			1,018,864			(28,681	)
Amortization of goodwill		14,812			15,787			(974	)
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		814,515			867,634			(53,119	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		799,702			851,847			(52,145	)
Provision for general allowance for credit losses (2)		—			32,480			(32,480	)
Net business profits*		799,702			884,328			(84,625	)
Net non-recurring gains (losses)		158,941			(342,274	)		501,215
Credit costs (3)		(82,093	)		(222,928	)		140,834
Losses on loan write-offs		(83,200	)		(137,324	)		54,124
Provision for specific allowance for credit losses		—			(86,880	)		86,880
Other credit costs		1,107			1,277			(170	)
Reversal of allowance for credit losses (4)		17,013			—			17,013
Reversal of reserve for contingent losses included in credit costs (5)		4,721			—			4,721
Gains on loans written-off (6)		31,686			—			31,686
Net gains (losses) on equity securities		(96,797	)		(27,346	)		(69,450	)
Gains on sales of equity securities		25,610			38,913			(13,303	)
Losses on sales of equity securities		(15,140	)		(20,196	)		5,055
Losses on write-down of equity securities		(107,267	)		(46,064	)		(61,203	)
Profits (losses) from investments in affiliates		321,666			(7,879	)		329,546
Other non-recurring gains (losses)		(37,256	)		(84,119	)		46,863
Ordinary profits		958,644			542,053			416,590
Net extraordinary gains (losses)		4,441			6,944			(2,503	)
Gains on loans written-off (7)		—			33,707			(33,707	)
Reversal of allowance for credit losses (8)		—			—			—
Reversal of reserve for contingent losses included in credit costs (9)		—			3,672			(3,672	)
Net gains (losses) on disposition of fixed assets		1,638			(3,098	)		4,736
Losses on impairment of fixed assets		(3,990	)		(4,854	)		863
Amortization of goodwill		(5,966	)		—			(5,966	)
Income before income taxes and others		963,085			548,998			414,086
Income taxes-current		116,790			47,664			69,126
Income taxes-deferred		92,567			137,156			(44,588	)
Total taxes		209,358			184,820			24,538
Income before minority interests		753,726			364,177			389,548
Minority interests		57,635			7,401			50,233
Net income		696,091			356,775			339,315
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)		(28,671	)		(153,068	)		124,397

Number of consolidated subsidiaries		228			239			(11	)
Number of affiliated companies accounted for under the equity method		56			66			(10	)

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2011 (A)			September 30, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,216,928			1,215,403			1,524
Gross profits before credit costs for trust accounts		1,216,928			1,215,403			1,524
Net interest income		658,890			697,069			(38,179	)
Trust fees		37,072			38,352			(1,280	)
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		225,989			221,269			4,719
Net trading profits		63,888			74,539			(10,651	)
Net other business profits		231,087			184,171			46,915
Net gains (losses) on debt securities		214,667			164,032			50,635
General and administrative expenses		588,493			594,666			(6,172	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		628,434			620,736			7,697
Provision for general allowance for credit losses (2)		—			33,330			(33,330	)
Net business profits		628,434			654,067			(25,632	)
Net non-recurring gains (losses)		(147,765	)		(196,822	)		49,057
Credit costs (3)		(30,050	)		(97,414	)		67,363
Losses on loan write-offs		(29,517	)		(55,757	)		26,240
Provision for specific allowance for credit losses		—			(42,897	)		42,897
Other credit costs		(533	)		1,241			(1,774	)
Reversal of allowance for credit losses (4)		10,832			—			10,832
Reversal of reserve for contingent losses included in credit costs (5)		27			—			27
Gains on loans written-off (6)		18,680			—			18,680
Net gains (losses) on equity securities		(113,317	)		(80,637	)		(32,680	)
Gains on sales of equity securities		19,636			33,894			(14,258	)
Losses on sales of equity securities		(14,332	)		(23,365	)		9,033
Losses on write-down of equity securities		(118,621	)		(91,166	)		(27,455	)
Other non-recurring gains (losses)		(33,937	)		(18,771	)		(15,166	)
Ordinary profits		480,669			457,244			23,424
Net extraordinary gains (losses)		(1,681	)		2,950			(4,632	)
Gains on loans written-off (7)		—			19,712			(19,712	)
Reversal of allowance for credit losses (8)		—			3,132			(3,132	)
Reversal of reserve for contingent losses included in credit costs (9)		—			2,947			(2,947	)
Net gains (losses) on disposition of fixed assets		1,846			(3,031	)		4,877
Losses on impairment of fixed assets		(3,559	)		(3,162	)		(396	)
Income before income taxes		478,987			460,195			18,792
Income taxes-current		88,922			18,767			70,154
Income taxes-deferred		72,163			117,545			(45,381	)
Total taxes		161,086			136,313			24,772
Net income		317,901			323,882			(5,980	)

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)+(7)+(8)+(9)		(510	)		(38,290	)		37,780

Mitsubishi UFJ Financial Group, Inc.

BTMU Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2011 (A)			September 30, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,294,708			1,292,639			2,069
Net interest income		735,380			767,026			(31,645	)
Trust fees		5,531			5,809			(278	)
Net fees and commissions		250,483			247,673			2,810
Net trading profits		60,549			76,425			(15,875	)
Net other business profits		242,763			195,703			47,059
Net gains (losses) on debt securities		207,170			159,008			48,162
General and administrative expenses		641,732			648,167			(6,434	)
Amortization of goodwill		7,292			8,466			(1,174	)
Net business profits before provision for general allowance for credit losses and amortization of goodwill		660,268			652,939			7,329
Net business profits before provision for general allowance for credit losses		652,976			644,472			8,504
Provision for general allowance for credit losses (1)		—			6,079			(6,079	)
Net business profits*		652,976			650,551			2,424
Net non-recurring gains (losses)		(116,406	)		(169,005	)		52,599
Credit costs (2)		(44,574	)		(117,437	)		72,862
Losses on loan write-offs		(45,682	)		(75,249	)		29,566
Provision for specific allowance for credit losses		—			(43,344	)		43,344
Other credit costs		1,107			1,155			(48	)
Reversal of allowance for credit losses (3)		20,157			—			20,157
Reversal of reserve for contingent losses included in credit costs (4)		4,801			—			4,801
Gains on loans written-off (5)		22,948			—			22,948
Net gains (losses) on equity securities		(100,780	)		(35,085	)		(65,695	)
Gains on sales of equity securities		14,780			32,265			(17,485	)
Losses on sales of equity securities		(10,547	)		(21,852	)		11,304
Losses on write-down of equity securities		(105,012	)		(45,497	)		(59,514	)
Profits (losses) from investments in affiliates		4,320			(7,544	)		11,865
Other non-recurring gains (losses)		(23,279	)		(8,937	)		(14,341	)
Ordinary profits		536,570			481,546			55,023
Net extraordinary gains (losses)		(4,312	)		7,641			(11,953	)
Gains on loans written-off (6)		—			26,304			(26,304	)
Reversal of allowance for credit losses (7)		—			—			—
Reversal of reserve for contingent losses included in credit costs (8)		—			1,840			(1,840	)
Net gains (losses) on disposition of fixed assets		(1,809	)		(2,201	)		391
Losses on impairment of fixed assets		(2,560	)		(2,936	)		375
Income before income taxes and others		532,257			489,187			43,069
Income taxes-current		93,265			33,261			60,003
Income taxes-deferred		82,619			98,689			(16,070	)
Total taxes		175,884			131,951			43,933
Income before minority interests		356,372			357,236			(863	)
Minority interests		30,428			33,582			(3,154	)
Net income		325,944			323,653			2,291
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)+(6)+(7)+(8)		3,332			(83,212	)		86,545

Number of consolidated subsidiaries		135			141			(6	)
Number of affiliated companies accounted for under the equity method		49			47			2

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2011 (A)			September 30, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,050,755			1,045,470			5,285
Domestic gross profits		651,203			654,336			(3,133	)
Net interest income		439,662			454,610			(14,948	)
Net fees and commissions		118,211			117,085			1,125
Net trading profits		2,960			(2,652	)		5,613
Net other business profits		90,369			85,293			5,076
Net gains (losses) on debt securities		96,988			86,107			10,881
Non-domestic gross profits		399,551			391,133			8,418
Net interest income		144,056			165,312			(21,256	)
Net fees and commissions		68,491			63,903			4,588
Net trading profits		49,581			68,971			(19,389	)
Net other business profits		137,422			92,946			44,476
Net gains (losses) on debt securities		106,059			67,468			38,590
General and administrative expenses		496,934			500,949			(4,015	)
Personnel expenses		186,484			188,464			(1,980	)
Non-personnel expenses		285,475			286,068			(592	)
Amortization of goodwill		25			—			25
Taxes		24,974			26,416			(1,441	)
Net business profits before provision for general allowance for credit losses and amortization of goodwill		553,846			544,520			9,325
Net business profits before provision for general allowance for credit losses		553,820			544,520			9,300
Provision for general allowance for credit losses (1)		—			33,330			(33,330	)
Net business profits		553,820			577,851			(24,030	)
Net non-recurring gains (losses)		(137,306	)		(183,449	)		46,143
Credit costs (2)		(29,537	)		(97,331	)		67,793
Losses on loan write-offs		(29,004	)		(55,553	)		26,549
Provision for specific allowance for credit losses		—			(42,897	)		42,897
Other credit costs		(533	)		1,119			(1,652	)
Reversal of allowance for credit losses (3)		5,422			—			5,422
Reversal of reserve for contingent losses included in credit costs (4)		—			—			—
Gains on loans written-off (5)		16,567			—			16,567
Net gains (losses) on equity securities		(104,378	)		(72,222	)		(32,156	)
Gains on sales of equity securities		12,146			30,580			(18,433	)
Losses on sales of equity securities		(10,308	)		(21,419	)		11,110
Losses on write-down of equity securities		(106,216	)		(81,383	)		(24,833	)
Other non-recurring gains (losses)		(25,379	)		(13,895	)		(11,484	)
Ordinary profits		416,514			394,401			22,113
Net extraordinary gains (losses)		(4,992	)		569			(5,561	)
Gains on loans written-off (6)		—			19,031			(19,031	)
Reversal of allowance for credit losses (7)		—			—			—
Reversal of reserve for contingent losses included in credit costs (8)		—			2,282			(2,282	)
Net gains (losses) on disposition of fixed assets		(2,682	)		(2,643	)		(39	)
Losses on impairment of fixed assets		(2,340	)		(2,936	)		595
Income before income taxes		411,522			394,971			16,551
Income taxes-current		73,922			16,031			57,890
Income taxes-deferred		65,699			96,619			(30,919	)
Total taxes		139,621			112,650			26,971
Net income		271,900			282,320			(10,419	)

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)+(7)+(8)		(7,547	)		(42,687	)		35,139

Mitsubishi UFJ Financial Group, Inc.

MUTB Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2011 (A)			September 30, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		200,500			192,780			7,719
Gross profits before credit costs for trust accounts		200,500			192,780			7,719
Trust fees		43,876			44,807			(930	)
Trust fees before credit costs for trust accounts		43,876			44,807			(930	)
Loan trusts and money trusts fees (Jointly operated designated money trusts before credit costs for trust accounts)		3,391			3,304			86
Other trust fees		40,484			41,502			(1,017	)
Credit costs for trust accounts (1)		—			—			—
Net interest income		74,670			75,925			(1,254	)
Net fees and commissions		65,905			55,692			10,213
Net trading profits		12,631			10,070			2,560
Net other business profits		3,415			6,284			(2,868	)
Net gains (losses) on debt securities		11,561			10,526			1,034
General and administrative expenses		117,845			114,446			3,398
Amortization of goodwill		108			—			108
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		82,763			78,333			4,429
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		82,655			78,333			4,321
Provision for general allowance for credit losses (2)		—			—			—
Net business profits*		82,655			78,333			4,321
Net non-recurring gains (losses)		(9,465	)		(13,740	)		4,275
Credit costs (3)		(755	)		(237	)		(517	)
Losses on loan write-offs		(755	)		(359	)		(396	)
Provision for specific allowance for credit losses		—			—			—
Other credit costs		—			121			(121	)
Reversal of allowance for credit losses (4)		5,561			—			5,561
Reversal of reserve for contingent losses included in credit costs (5)		16			—			16
Gains on loans written-off (6)		2,043			—			2,043
Net gains (losses) on equity securities		(8,888	)		(8,410	)		(478	)
Gains on sales of equity securities		7,155			3,318			3,837
Losses on sales of equity securities		(4,023	)		(1,945	)		(2,077	)
Losses on write-down of equity securities		(12,021	)		(9,783	)		(2,237	)
Profits (losses) from investments in affiliates		1,633			674			959
Other non-recurring gains (losses)		(9,076	)		(5,767	)		(3,309	)
Ordinary profits		73,190			64,592			8,597
Net extraordinary gains (losses)		3,276			2,042			1,233
Gains on loans written-off (7)		—			631			(631	)
Reversal of allowance for credit losses (8)		—			2,986			(2,986	)
Reversal of reserve for contingent losses included in credit costs (9)		—			633			(633	)
Net gains (losses) on disposition of fixed assets		4,509			(401	)		4,911
Losses on impairment of fixed assets		(1,233	)		(230	)		(1,003	)
Income before income taxes and others		76,466			66,635			9,831
Income taxes—current		18,243			3,728			14,514
Income taxes—deferred		6,649			20,926			(14,276	)
Total taxes		24,892			24,654			238
Income before minority interests		51,573			41,980			9,593
Minority interests		3,812			2,227			1,585
Net income		47,761			39,753			8,007
Note:
* Net business 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)+(7)+(8)+(9)		6,866			4,014			2,851

Number of consolidated subsidiaries		30			25			5
Number of affiliated companies accounted for under the equity method		11			12			(1	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2011 (A)			September 30, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		166,172			169,933			(3,760	)
Gross profits before credit costs for trust accounts		166,172			169,933			(3,760	)
Domestic gross profits		124,125			130,878			(6,753	)
Trust fees		37,072			38,352			(1,280	)
Trust fees before credit costs for trust accounts		37,072			38,352			(1,280	)
Loan trusts and money trusts fees (Jointly operated designated money trusts before credit costs for trust accounts)		3,391			3,304			86
Other trust fees		33,680			35,048			(1,367	)
Credit costs for trust accounts (1)		—			—			—
Net interest income		49,704			49,684			19
Net fees and commissions		39,821			40,645			(823	)
Net trading profits		14,683			18,794			(4,110	)
Net other business profits		(17,156	)		(16,597	)		(558	)
Net gains (losses) on debt securities		(10,700	)		(12,103	)		1,403
Non-domestic gross profits		42,047			39,054			2,993
Net interest income		25,467			27,461			(1,994	)
Net fees and commissions		(534	)		(364	)		(170	)
Net trading profits		(3,336	)		(10,572	)		7,236
Net other business profits		20,451			22,529			(2,078	)
Net gains (losses) on debt securities		22,319			22,560			(241	)
General and administrative expenses		91,559			93,716			(2,157	)
Personnel expenses		34,311			33,555			755
Non-personnel expenses		52,895			55,788			(2,893	)
Taxes		4,352			4,372			(20	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		74,613			76,216			(1,602	)
Provision for general allowance for credit losses (2)		—			—			—
Net business profits		74,613			76,216			(1,602	)
Net non-recurring gains (losses)		(10,459	)		(13,373	)		2,914
Credit costs (3)		(513	)		(82	)		(430	)
Losses on loan write-offs		(513	)		(204	)		(309	)
Provision for specific allowance for credit losses		—			—			—
Other credit costs		—			121			(121	)
Reversal of allowance for credit losses (4)		5,409			—			5,409
Reversal of reserve for contingent losses included in credit costs (5)		27			—			27
Gains on loans written-off (6)		2,113			—			2,113
Net gains (losses) on equity securities		(8,938	)		(8,414	)		(524	)
Gains on sales of equity securities		7,489			3,314			4,175
Losses on sales of equity securities		(4,023	)		(1,945	)		(2,077	)
Losses on write-down of equity securities		(12,405	)		(9,783	)		(2,621	)
Other non-recurring gains (losses)		(8,557	)		(4,875	)		(3,681	)
Ordinary profits		64,154			62,843			1,311
Net extraordinary gains (losses)		3,310			2,381			929
Gains on loans written-off (7)		—			680			(680	)
Reversal of allowance for credit losses (8)		—			3,132			(3,132	)
Reversal of reserve for contingent losses included in credit costs (9)		—			665			(665	)
Net gains (losses) on disposition of fixed assets		4,528			(388	)		4,917
Losses on impairment of fixed assets		(1,218	)		(226	)		(992	)
Income before income taxes		67,465			65,224			2,240
Income taxes-current		15,000			2,736			12,263
Income taxes-deferred		6,463			20,926			(14,462	)
Total taxes		21,464			23,662			(2,198	)
Net income		46,000			41,561			4,439

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)+(7)+(8)+(9)		7,037			4,396			2,640

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, 2011 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2010 (B)
Total average interest rate on interest-earning assets (a)		0.94		(0.07	)		1.02
Average interest rate on loans and bills discounted (b)		1.42		(0.05	)		1.48
Average interest rate on securities		0.56		0.00			0.55
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.81		(0.06	)		0.88
Average interest rate on deposits and NCD (d)		0.06		(0.04	)		0.10
Average interest rate on other liabilities		0.33		(0.17	)		0.50
Overall interest rate spread (a)-(c)		0.13		(0.00	)		0.14
Interest rate spread (b)-(d)		1.36		(0.00	)		1.37

MUTB Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2011 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2010 (B)
Total average interest rate on interest-earning assets (a)		0.82		(0.12	)		0.95
Average interest rate on loans and bills discounted (b)		1.02		(0.13	)		1.16
Average interest rate on securities		0.71		(0.05	)		0.77
Total average interest rate on interest-bearing liabilities (c)		0.26		(0.09	)		0.35
Average interest rate on deposits and NCD (d)		0.24		(0.09	)		0.34
Overall interest rate spread (a)-(c)		0.56		(0.03	)		0.59
Interest rate spread (b)-(d)		0.77		(0.04	)		0.81

BTMU and MUTB combined


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2011 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2010 (B)
Average interest rate on loans and bills discounted (a)		1.36		(0.07	)		1.43
Average interest rate on deposits and NCD (b)		0.08		(0.05	)		0.13
Interest rate spread (a)-(b)		1.27		(0.02	)		1.29

Mitsubishi UFJ Financial Group, Inc.

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

MUFG Consolidated

00,000.0

(in billions of yen)

As of September 30, 2011

within
1 year

1 year to
5 years

over
5 years

Total

Receive-fix/pay-floater

1,509.9

3,084.5

2,069.4

6,663.9

Receive-floater/pay-fix

224.1

4,384.0

1,688.9

6,297.0

Receive-floater/pay-floater

—

20.0

—

20.0

Receive-fix/pay-fix

—

42.9

54.2

97.2

Total

1,734.0

7,531.6

3,812.6

13,078.2

BTMU Consolidated

00,000.0

(in billions of yen)

As of September 30, 2011

within
1 year

1 year to
5 years

over
5 years

Total

Receive-fix/pay-floater

848.9

1,528.9

2,003.9

4,381.8

Receive-floater/pay-fix

85.3

3,361.8

719.0

4,166.2

Receive-floater/pay-floater

—

20.0

—

20.0

Receive-fix/pay-fix

—

Total

934.2

4,910.8

2,722.9

8,568.0

MUTB Consolidated

00,000.0

(in billions of yen)

As of September 30, 2011

within
1 year

1 year to
5 years

over
5 years

Total

Receive-fix/pay-floater

661.0

1,565.1

65.5

2,291.6

Receive-floater/pay-fix

145.8

1,002.8

949.9

2,098.6

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

806.8

2,567.9

1,015.4

4,390.2

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, 2011									As of March 31, 2011
	Amount on consolidated balance sheet		Differences							Amount on consolidated balance sheet		Differences
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Debt securities being held to maturity		2,875,791		51,021			61,206		10,185		3,299,569		34,850			48,492		13,642
Domestic bonds		768,387		6,524			6,588		64		1,144,463		9,160			9,180		19
Government bonds		625,031		5,717			5,717		—		967,312		7,579			7,579		—
Municipal bonds		14,596		81			81		—		22,666		178			178		—
Corporate bonds		128,759		724			788		64		154,484		1,402			1,422		19
Other		2,107,403		44,497			54,618		10,120		2,155,106		25,689			39,312		13,623
Foreign bonds		1,036,546		397			7,554		7,156		1,137,457		(2,525	)		7,168		9,693
Other		1,070,857		44,099			47,063		2,964		1,017,648		28,214			32,144		3,929

	(in millions of yen)
	As of September 30, 2011									As of March 31, 2011
	Amount on consolidated balance sheet		Differences							Amount on consolidated balance sheet		Differences
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Other securities		71,779,637		390,237			1,045,871		655,633		67,198,517		327,632			1,124,505		796,872
Domestic equity securities		3,116,285		23,147			477,980		454,833		3,566,358		281,297			713,520		432,223
Domestic bonds		50,588,614		209,773			227,193		17,419		48,098,475		70,829			181,345		110,515
Government bonds		46,637,878		141,212			146,858		5,645		43,974,575		23,936			118,538		94,602
Municipal bonds		203,393		8,019			8,023		4		200,279		6,569			6,578		9
Corporate bonds		3,747,342		60,540			72,310		11,769		3,923,620		40,323			56,228		15,904
Other		18,074,737		157,317			340,698		183,380		15,533,683		(24,494	)		229,639		254,133
Foreign equity securities		134,284		18,415			21,972		3,556		282,233		83,659			83,771		111
Foreign bonds		16,313,634		253,141			283,283		30,142		13,637,510		(46,807	)		95,651		142,459
Other		1,626,818		(114,239	)		35,441		149,681		1,613,939		(61,346	)		50,216		111,562

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, 2011

As of March 31, 2011

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

1,213,437

23,947

26,911

2,964

1,159,945

11,873

15,712

3,839

Stocks of subsidiaries and affiliates

98,316

(20,657

)

2,836

23,494

98,316

(6,376

)

13,158

19,534


	(in millions of yen)
	As of September 30, 2011									As of March 31, 2011
	Amount on balance sheet		Differences			Gains		Losses		Amount on balance sheet		Differences			Gains		Losses
Other securities		59,451,129		132,115			737,905		605,790		56,018,656		169,866			851,151		681,285
Domestic equity securities		2,476,830		(124,441	)		357,082		481,524		2,803,845		74,213			522,197		447,983
Domestic bonds		45,048,850		174,656			191,371		16,715		43,573,087		59,556			163,683		104,127
Other		11,925,448		81,901			189,451		107,550		9,641,722		36,096			165,270		129,174
Foreign equity securities		127,805		17,031			19,638		2,607		171,910		73,896			73,897		1
Foreign bonds		10,562,688		131,127			145,653		14,526		8,362,087		(28,661	)		49,751		78,412
Other		1,234,954		(66,257	)		24,158		90,416		1,107,724		(9,138	)		41,621		50,760

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

(in millions of yen)

As of September 30, 2011

As of March 31, 2011

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

15,954,245

23,269,504

2,402,317

3,672,864

11,216,158

26,730,134

3,698,373

2,178,534

Government bonds

15,595,363

21,455,163

1,846,850

2,865,182

10,821,167

24,787,087

3,092,864

1,433,249

Municipal bonds

27,652

58,711

116,329

406

27,174

62,580

108,945

406

Corporate bonds

331,228

1,755,629

439,137

807,274

367,816

1,880,466

496,562

744,877

Other

2,462,045

3,827,925

2,776,544

3,111,166

1,447,427

3,777,273

2,095,348

2,649,024

Foreign bonds

2,294,535

3,589,788

1,955,277

2,706,851

1,236,734

3,573,537

1,520,965

2,006,151

Other

167,509

238,136

821,266

404,315

210,692

203,735

574,382

642,872

Total

18,416,291

27,097,429

5,178,861

6,784,030

12,663,585

30,507,408

5,793,721

4,827,558

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, 2011

As of March 31, 2011

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

1,326,769

8,336

10,551

2,214

1,806,668

9,513

11,990

2,476

Stocks of subsidiaries and affiliates

49,470

271

488

216

40,375

16,005

—

(in millions of yen)

As of September 30, 2011

As of March 31, 2011

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Other securities

10,258,827

128,659

276,300

147,641

8,727,335

10,599

205,871

195,271

Domestic equity securities

640,050

29,665

112,789

83,124

716,005

75,226

155,178

79,952

Domestic bonds

5,244,789

31,771

32,550

778

4,139,545

10,646

17,061

6,414

Other

4,373,988

67,222

130,960

63,737

3,871,784

(75,273

)

33,631

108,904

Foreign equity securities

3,257

(173

)

133

307

781

223

—

Foreign bonds

4,049,555

114,823

120,359

5,535

3,434,485

(22,717

)

26,211

48,928

Other

321,176

(47,427

)

10,467

57,894

436,518

(52,779

)

7,196

59,976

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


	(in millions of yen)
	As of September 30, 2011								As of March 31, 2011
	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		366,393		3,992,038		1,283,438		110,119		1,511,521		2,558,120		873,470		67,862
Government bonds		183,485		3,757,525		1,200,013		93,287		1,355,202		2,230,288		815,510		53,550
Municipal bonds		14,596		—		245		47		19,702		3,528		560		47
Corporate bonds		168,311		234,512		83,179		16,785		136,616		324,304		57,399		14,264
Other		695,952		2,443,625		1,262,110		672,951		472,091		2,847,169		784,171		532,883
Foreign bonds		684,596		2,341,063		1,188,551		654,912		468,796		2,686,173		701,906		512,846
Other		11,355		102,561		73,559		18,038		3,294		160,995		82,264		20,036
Total		1,062,346		6,435,663		2,545,549		783,070		1,983,613		5,405,290		1,657,641		600,745

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the six months
ended
September 30, 2011
(A)

Increase
(Decrease)
(A) - (B)

For the six months
ended
September 30, 2010
(B)

ROE*

12.52

4.00

8.51


Note:
* ROE is computed as follows:
The one-time impact of Morgan Stanley becoming an equity-method affiliate of MUFG is adjusted.

Net income × 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

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio Based on the Basel 2 Standards

MUFG Consolidated


		(in billions of yen)
		As of September 30, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
(1)	Risk-adjusted capital ratio		15.42	%		0.52	%		14.89	%
	Tier 1 ratio		13.04	%		1.70	%		11.33	%
(2)	Tier 1 capital		10,471.0			517.6			9,953.3
(3)	Qualified Tier 2 capital		3,776.5			(143.9	)		3,920.4
(4)	Deductions from total qualifying capital		1,862.8			1,069.8			792.9
(5)	Net qualifying capital (2)+(3)-(4)		12,384.7			(696.0	)		13,080.8
(6)	Risk-adjusted assets		80,276.9			(7,528.0	)		87,804.9
(7)	Required Capital		6,422.1			(602.2	)		7,024.3
BTMU Consolidated
		(in billions of yen)
		As of September 30, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
(1)	Risk-adjusted capital ratio		16.90	%		1.07	%		15.82	%
	Tier 1 ratio		12.52	%		1.09	%		11.42	%
(2)	Tier 1 capital		8,366.0			81.9			8,284.1
(3)	Qualified Tier 2 capital		3,223.9			(259.5	)		3,483.5
(4)	Deductions from total qualifying capital		300.8			2.8			297.9
(5)	Net qualifying capital (2)+(3)-(4)		11,289.2			(180.4	)		11,469.7
(6)	Risk-adjusted assets		66,796.9			(5,688.5	)		72,485.5
(7)	Required Capital		5,343.7			(455.0	)		5,798.8
MUTB Consolidated
		(in billions of yen)
		As of September 30, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
(1)	Risk-adjusted capital ratio		18.00	%		2.06	%		15.93	%
	Tier 1 ratio		14.46	%		1.44	%		13.02	%
(2)	Tier 1 capital		1,451.4			58.7			1,392.7
(3)	Qualified Tier 2 capital		443.8			48.6			395.2
(4)	Deductions from total qualifying capital		89.1			5.4			83.7
(5)	Net qualifying capital (2)+(3)-(4)		1,806.2			101.9			1,704.2
(6)	Risk-adjusted assets		10,032.9			(660.5	)		10,693.5
(7)	Required Capital		802.6			(52.8	)		855.4
BTMU Non-consolidated
		(in billions of yen)
		As of September 30, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
(1)	Risk-adjusted capital ratio		17.85	%		1.24	%		16.61	%
	Tier 1 ratio		13.22	%		1.13	%		12.09	%
(2)	Tier 1 capital		8,203.8			24.7			8,179.0
(3)	Net qualifying capital		11,078.6			(159.8	)		11,238.5
(4)	Risk-adjusted assets		62,032.5			(5,602.7	)		67,635.3
(5)	Required Capital		4,962.6			(448.2	)		5,410.8
MUTB Non-consolidated
		(in billions of yen)
		As of September 30, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
(1)	Risk-adjusted capital ratio		17.64	%		1.62	%		16.01	%
	Tier 1 ratio		13.62	%		0.98	%		12.64	%
(2)	Tier 1 capital		1,387.4			40.0			1,347.3
(3)	Net qualifying capital		1,795.9			89.1			1,706.8
(4)	Risk-adjusted assets		10,181.2			(478.1	)		10,659.3
(5)	Required Capital		814.4			(38.2	)		852.7

Note:

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. Required Capital is 8% of risk-adjusted assets.

Mitsubishi UFJ Financial Group, Inc.

7. Risk-Monitored Loans

MUFG Consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2011 (A)		% to total loans and bills discounted			As of March 31, 2011 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		42,056		0.05	%		53,116		0.06	%		(11,059	)		(0.01	)%
Non-accrual delinquent loans		1,042,720		1.31	%		1,022,139		1.27	%		20,581			0.03	%
Accruing loans contractually past due 3 months or more		82,641		0.10	%		142,789		0.17	%		(60,147	)		(0.07	)%
Restructured loans		618,642		0.77	%		574,503		0.71	%		44,139			0.05	%

Total risk monitored loans		1,786,062		2.24	%		1,792,549		2.24	%		(6,487	)		0.00	%

Total loans and bills discounted		79,511,436					79,995,024					(483,588	)


Written-off		762,996					912,112					(149,116	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2011 (A)		% to total risk monitored loans			As of March 31, 2011 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		1,059,090		59.29	%		1,143,997		63.81	%		(84,906	)		(4.52	)%
General allowance for credit losses		728,731					805,242					(76,511	)
Specific allowance for credit losses		329,662					338,028					(8,366	)
Allowance for credit to specific foreign borrowers		697					725					(27	)

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		1,573,289		1,551,505		21,784
Overseas		212,772		241,044		(28,271	)
Asia		9,177		9,419		(241	)
Indonesia		813		931		(117	)
Thailand		4,425		5,179		(754	)
Hong Kong		358		24		333
Other		3,580		3,284		296
United States of America		93,107		110,341		(17,234	)
Other		110,486		121,282		(10,795	)

Total		1,786,062		1,792,549		(6,487	)

Classified by Industry


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		1,573,289		1,551,505		21,784
Manufacturing		224,145		221,358		2,786
Construction		55,881		64,252		(8,370	)
Wholesale and retail		227,497		203,873		23,623
Finance and insurance		8,073		7,772		301
Real estate, goods rental and leasing		187,646		196,998		(9,352	)
Services		124,422		122,532		1,889
Other industries		89,203		83,556		5,647
Consumer		656,419		651,159		5,259
Overseas		212,772		241,044		(28,271	)
Financial institutions		20,405		24,299		(3,893	)
Commercial and industrial		100,588		123,328		(22,740	)
Other		91,778		93,416		(1,637	)

Total		1,786,062		1,792,549		(6,487	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2011 (A)		% to total loans and bills discounted			As of March 31, 2011 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		38,519		0.05	%		48,118		0.07	%		(9,599	)		(0.01	)%
Non-accrual delinquent loans		814,594		1.26	%		753,909		1.16	%		60,684			0.10	%
Accruing loans contractually past due 3 months or more		58,655		0.09	%		113,208		0.17	%		(54,553	)		(0.08	)%
Restructured loans		465,160		0.72	%		425,616		0.65	%		39,543			0.06	%

Total risk monitored loans		1,376,928		2.13	%		1,340,853		2.06	%		36,075			0.07	%

Total loans and bills discounted		64,386,916					64,981,715					(594,799	)


Written-off		545,565					692,351					(146,785	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2011 (A)		% to total risk monitored loans			As of March 31, 2011 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		679,551		49.35	%		712,944		53.17	%		(33,393	)		(3.81	)%
General allowance for credit losses		447,949					481,006					(33,056	)
Specific allowance for credit losses		230,904					231,213					(308	)
Allowance for credit to specific foreign borrowers		697					725					(27	)

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		1,261,390		1,215,189		46,201
Overseas		115,538		125,663		(10,125	)
Asia		2,030		2,326		(295	)
Indonesia		—		331		(331	)
Thailand		906		1,076		(170	)
Hong Kong		358		24		333
Other		766		894		(127	)
United States of America		3,140		2,880		259
Other		110,367		120,457		(10,090	)

Total		1,376,928		1,340,853		36,075

Classified by Industry


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		1,261,390		1,215,189		46,201
Manufacturing		220,072		215,606		4,465
Construction		54,965		62,717		(7,752	)
Wholesale and retail		223,828		200,085		23,743
Finance and insurance		7,980		7,736		244
Real estate		152,615		164,097		(11,482	)
Goods rental and leasing		4,021		3,297		723
Services		122,619		120,252		2,367
Other industries		86,540		80,502		6,038
Consumer		388,747		360,893		27,853
Overseas		115,538		125,663		(10,125	)
Financial institutions		17,495		19,266		(1,770	)
Commercial and industrial		39,622		45,020		(5,397	)
Other		58,419		61,376		(2,957	)

Total		1,376,928		1,340,853		36,075

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2011 (A)		% to total loans and bills discounted			As of March 31, 2011 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		580		0.00	%		1,665		0.01	%		(1,084	)		(0.01	)%
Non-accrual delinquent loans		33,468		0.31	%		38,226		0.36	%		(4,757	)		(0.04	)%
Accruing loans contractually past due 3 months or more		674		0.00	%		599		0.00	%		75			0.00	%
Restructured loans		15,065		0.14	%		10,474		0.09	%		4,590			0.04	%

Total risk monitored loans		49,788		0.47	%		50,964		0.48	%		(1,176	)		(0.00	)%

Total loans and bills discounted		10,558,086					10,589,116					(31,029	)


Written-off		21,611					22,509					(897	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2011 (A)		% to total risk monitored loans			As of March 31, 2011 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		47,543		95.49	%		54,436		106.81	%		(6,893	)		(11.32	)%
General allowance for credit losses		33,776					37,473					(3,697	)
Specific allowance for credit losses		13,767					16,963					(3,196	)
Allowance for credit to specific foreign borrowers		—					—					—

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		49,775		50,946		(1,171	)
Overseas		13		18		(5	)
Asia		—		—		—
Indonesia		—		—		—
Thailand		—		—		—
Hong Kong		—		—		—
Other		—		—		—
United States of America		—		5		(5	)
Other		13		13		(0	)

Total		49,788		50,964		(1,176	)

Classified by Industry


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		49,775		50,946		(1,171	)
Manufacturing		4,023		5,715		(1,691	)
Construction		877		1,488		(611	)
Wholesale and retail		3,354		3,445		(90	)
Finance and insurance		59		—		59
Real estate		26,552		24,865		1,687
Goods rental and leasing		—		—		—
Services		1,734		2,226		(491	)
Other industries		2,650		3,042		(392	)
Consumer		10,522		10,162		359
Overseas		13		18		(5	)
Financial institutions		—		—		—
Commercial and industrial		—		5		(5	)
Other		13		13		(0	)

Total		49,788		50,964		(1,176	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Accounts

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

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2011 (A)		% to total loans and bills discounted			As of March 31, 2011 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		85		0.07	%		90		0.07	%		(4	)		0.00	%
Non-accrual delinquent loans		0		0.00	%		27		0.02	%		(26	)		(0.02	)%
Accruing loans contractually past due 3 months or more		73		0.06	%		102		0.09	%		(28	)		(0.02	)%
Restructured loans		788		0.73	%		811		0.71	%		(22	)		0.01	%

Total risk monitored loans		949		0.88	%		1,031		0.90	%		(82	)		(0.02	)%

Total loans and bills discounted		107,545					113,533					(5,988	)

(2) Allowance for Credit Losses

(in millions of yen)

As of September 30,
2011
(A)

As of March 31,
2011
(B)

Increase
(Decrease)
(A) - (B)

Allowance for bad debts

325

341

(16

)

(3) Classification of Risk-Monitored Loans

Classified by Industry


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		949		1,031		(82	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		682		693		(11	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		266		337		(70	)

Total		949		1,031		(82	)

Mitsubishi UFJ Financial Group, Inc.

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

BTMU and MUTB combined including Trust Accounts

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

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2011 (A)			As of March 31, 2011 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		119,142			131,292			(12,149	)
Doubtful		804,453			748,773			55,680
Special Attention		540,329			550,683			(10,354	)

Non Performing Loans (1)		1,463,925			1,430,749			33,176

Normal		82,292,719			83,575,725			(1,283,005	)

Total		83,756,645			85,006,474			(1,249,829	)


Non Performing Loans / Total		1.74	%		1.68	%		0.06	%

(2) Status of Coverage of Non Performing Loans


	(in millions of yen)
	As of September 30, 2011 (A)			As of March 31, 2011 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		1,163,525			1,107,832			55,692
Allowance for credit losses		340,960			347,946			(6,986	)
Collateral, guarantees, etc.		822,565			759,886			62,679

Coverage ratio (2) / (1)		79.47	%		77.43	%		2.04	%

(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

119,142

1,695

117,447

100.00

[131,292

]

[4,417

]

[126,874

]

[100.00

Doubtful

804,453

214,580

386,959

74.77

[748,773

]

[212,657

]

[350,143

]

[75.16

Special Attention

540,329

124,684

318,158

81.95

[550,683

]

[130,871

]

[282,868

]

[75.13

Total

1,463,925

340,960

822,565

79.47

[1,430,749

]

[347,946

]

[759,886

]

[77.43

Note:

The upper figures are as of September 30, 2011. The lower figures with brackets are as of March 31, 2011.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		1,348,097		1,301,084		47,012
Manufacturing		229,950		226,799		3,151
Construction		56,858		65,934		(9,076	)
Wholesale and retail		243,165		218,899		24,266
Finance and insurance		10,662		8,865		1,797
Real estate		183,935		193,130		(9,195	)
Goods rental and leasing		4,096		3,345		750
Services		127,400		126,209		1,190
Other industries		91,793		85,908		5,884
Consumer		400,235		371,992		28,242
Overseas		115,828		129,664		(13,836	)
Financial institutions		17,497		19,268		(1,770	)
Commercial and industrial		39,897		49,006		(9,108	)
Other		58,432		61,390		(2,957	)

Total		1,463,925		1,430,749		33,176

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2011 (A)			As of March 31, 2011 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		116,752			127,261			(10,509	)
Doubtful		772,582			712,630			59,952
Special Attention		523,815			538,824			(15,009	)

Non Performing Loans (1)		1,413,150			1,378,716			34,433

Normal		71,508,268			72,744,393			(1,236,124	)

Total		72,921,418			74,123,110			(1,201,691	)


Non Performing Loans / Total		1.93	%		1.86	%		0.07	%

(2) Status of Coverage of Non Performing Loans


	(in millions of yen)
	As of September 30, 2011 (A)			As of March 31, 2011 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		1,119,507			1,063,116			56,391
Allowance for credit losses		329,747			334,716			(4,968	)
Collateral, guarantees, etc.		789,759			728,400			61,359

Coverage ratio (2) / (1)		79.22	%		77.10	%		2.11	%

(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

116,752

1,680

115,071

100.00

[127,261

]

[4,402

]

[122,859

]

[100.00

Doubtful

772,582

207,944

366,612

51.22

74.36

[712,630

]

[202,816

]

[329,979

]

[53.00

[74.76

Special Attention

523,815

120,123

308,075

55.67

81.74

[538,824

]

[127,497

]

[275,560

]

[48.42

[74.80

Total

1,413,150

329,747

789,759

52.89

79.22

[1,378,716

]

[334,716

]

[728,400

]

[51.46

[77.10

Note:

The upper figures are as of September 30, 2011. The lower figures with brackets are as of March 31, 2011.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		1,297,337		1,249,072		48,264
Manufacturing		225,927		221,084		4,843
Construction		55,981		64,446		(8,464	)
Wholesale and retail		239,811		215,454		24,356
Finance and insurance		10,602		8,865		1,737
Real estate		156,700		167,571		(10,871	)
Goods rental and leasing		4,096		3,345		750
Services		125,652		123,969		1,682
Other industries		89,142		82,865		6,277
Consumer		389,423		361,470		27,952
Overseas		115,812		129,644		(13,831	)
Financial institutions		17,495		19,266		(1,770	)
Commercial and industrial		39,897		49,000		(9,103	)
Other		58,419		61,376		(2,957	)

Total		1,413,150		1,378,716		34,433

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2011 (A)			As of March 31, 2011 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		2,275			3,881			(1,605	)
Doubtful		31,811			36,047			(4,235	)
Special Attention		15,739			11,073			4,666

Non Performing Loans (1)		49,826			51,001			(1,175	)

Normal		10,677,854			10,718,828			(40,974	)

Total		10,727,681			10,769,830			(42,149	)


Non Performing Loans / Total		0.46	%		0.47	%		(0.00	)%

(2) Status of Coverage of Non Performing Loans


	(in millions of yen)
	As of September 30, 2011 (A)			As of March 31, 2011 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		43,322			43,870			(547	)
Allowance for credit losses		11,212			13,230			(2,017	)
Collateral, guarantees, etc.		32,109			30,639			1,469

Coverage ratio (2) / (1)		86.94	%		86.01	%		0.92	%

(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

2,275

2,260

100.00

[3,881

]

[15

]

[3,865

]

[100.00

Doubtful

31,811

6,635

20,287

57.58

84.63

[36,047

]

[9,841

]

[20,067

]

[61.58

[82.97

Special Attention

15,739

4,561

9,561

73.83

89.72

[11,073

]

[3,373

]

[6,706

]

[77.25

[91.02

Total

49,826

11,212

32,109

63.28

86.94

[51,001

]

[13,230

]

[30,639

]

[64.97

[86.01

Note: The upper figures are as of September 30, 2011. The lower figures with brackets are as of March 31, 2011.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		49,811		50,981		(1,170	)
Manufacturing		4,023		5,715		(1,691	)
Construction		877		1,488		(611	)
Wholesale and retail		3,354		3,445		(90	)
Finance and insurance		59		—		59
Real estate		26,552		24,865		1,687
Goods rental and leasing		—		—		—
Services		1,748		2,240		(491	)
Other industries		2,650		3,042		(392	)
Consumer		10,545		10,184		361
Overseas		15		20		(5	)
Financial institutions		2		2		0
Commercial and industrial		—		5		(5	)
Other		13		13		(0	)

Total		49,826		51,001		(1,175	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Accounts

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

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2011 (A)			As of March 31, 2011 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		115			149			(33	)
Doubtful		59			95			(36	)
Special Attention		774			785			(11	)

Non Performing Loans (1)		949			1,031			(82	)

Normal		106,596			112,502			(5,906	)

Total		107,545			113,533			(5,988	)


Non Performing Loans / Total		0.88	%		0.90	%		(0.02	)%

(2) Status of Coverage of Non Performing Loans


	(in millions of yen)
	As of September 30, 2011 (A)			As of March 31, 2011 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		695			846			(150	)
Allowance for credit losses		—			—			—
Collateral, guarantees, etc.		695			846			(150	)

Coverage ratio (2) / (1)		73.31	%		82.09	%		(8.78	)%

(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

115

—

115

100.00

[149

]

[—

]

[149

]

[100.00

Doubtful

—

99.77

[95

]

[—

]

[95

]

[99.86

Special Attention

774

—

521

67.30

[785

]

[—

]

[601

]

[76.53

Total

949

—

695

73.31

[1,031

]

[—

]

[846

]

[82.09

Note: The upper figures are as of September 30, 2011. The lower figures with brackets are as of March 31, 2011.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2011 (A)		As of March 31, 2011 (B)		Increase (Decrease) (A) - (B)
Domestic		949		1,031		(82	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		682		693		(11	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		266		337		(70	)

Total		949		1,031		(82	)

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

Classification

Category of

Borrowers

Non-
Classification

Classification
II

Classification
III

Classification
IV

Bankrupt Borrowers

[117.3]

[0.8]

(*1)

100.00%

i) Bankrupt or
De facto Bankrupt

[119.0]

Loans to bankrupt

borrowers

[39.0]

Substantially Bankrupt Borrowers

Non-accrual delinquent

loans

[848.0]

Potentially Bankrupt Borrowers

[393.8]

[410.5]

51.39%

ii) Doubtful

[804.3]

Borrowers Requiring Caution

(Special Attention Borrowers)

[539.5]

56.18%

iii) Special Attention

[539.5]

Accruing loans

contractually past due

3 months or more

[59.3]

Restructured loans

[480.2]

Borrowers Requiring

Caution

(Other Borrowers)

iv) Normal

[82,186.1]

Normal Borrowers

Non-Performing Loans
Based on the “FRL”

Risk-Monitored Loans

i) +ii) +iii)

1,462.9

1,426.7

Total

i) +ii) +iii) +iv)

83,649.0

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

Mitsubishi UFJ Financial Group, Inc.

9. Progress in Disposition of Problem Assets

BTMU and MUSP Combined

(A) Historical Trend of Problem Assets Based on the “FRL”


	(in billions of yen)
	As of September 30, 2008		As of March 31, 2009		As of September 30, 2009		As of March 31, 2010		As of September 30, 2010		As of March 31, 2011 (a)		As of September 30, 2011 (b)		(b) - (a)
Bankrupt or De facto Bankrupt		136.1		221.8		208.2		183.0		137.9		127.3		116.8		(10.5	)
Doubtful		690.9		618.2		676.2		786.6		805.9		716.2		776.0		59.7

Total		827.1		840.0		884.4		969.7		943.8		843.5		892.8		49.2


(1) Assets categorized as problem assets based on the “FRL” prior to September 30, 2008

Bankrupt or De facto Bankrupt		136.1		156.7		118.2		100.5		59.1		50.3		39.7		(10.6	)
Doubtful		690.9		366.7		261.6		205.9		192.2		146.9		128.2		(18.7	)

Total		827.1		523.5		379.9		306.4		251.3		197.3		167.9		(29.3	)


(2) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2008

Bankrupt or De facto Bankrupt				65.0		53.6		33.7		20.2		10.6		9.0		(1.6	)
Doubtful				251.4		96.3		64.7		42.7		34.0		25.2		(8.7	)

Total				316.5		150.0		98.4		63.0		44.6		34.2		(10.3	)


(3) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2009

Bankrupt or De facto Bankrupt						36.2		26.2		17.5		12.1		8.0		(4.0	)
Doubtful						318.2		247.4		162.8		77.5		68.1		(9.4	)

Total						354.5		273.7		180.3		89.6		76.1		(13.5	)


(4) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2009

Bankrupt or De facto Bankrupt								22.5		15.5		10.8		9.5		(1.3	)
Doubtful								268.4		211.3		109.9		84.0		(25.9	)

Total								290.9		226.9		120.8		93.5		(27.2	)


(5) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2010

Bankrupt or De facto Bankrupt										25.4		17.3		15.8		(1.5	)
Doubtful										196.7		170.9		145.9		(25.0	)

Total										222.1		188.2		161.7		(26.5	)


(6) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2010

Bankrupt or De facto Bankrupt												25.9		16.6		(9.3	)
Doubtful												176.8		134.4		(42.3	)

Total												202.7		151.1		(51.6	)


(7) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2011

Bankrupt or De facto Bankrupt														18.0
Doubtful														189.9

Total														208.0

(B) Progress in Disposition of Problem Assets of the Six Months Ended September 30, 2011


	(in billions of yen)
	Time of categorization												Total
	prior to Sept. 30, 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		the 1st half of fiscal 2010		the 2nd half of fiscal 2010		Total
Liquidation		1.0		0.3		0.9		1.1		1.6		2.9		7.9
Re-constructive treatment		7.6		0.6		1.8		3.8		2.4		1.9		18.3
Upgrade due to re-constructive treatment		—		4.0		—		—		—		—		4.0
Loan sales to secondary market		0.3		0.1		0.0		4.3		—		—		4.9
Write-offs		1.1		1.4		2.5		6.8		10.7		5.9		28.8
Other		19.2		3.6		8.1		11.0		11.7		40.8		94.5
Collection / Repayment		9.8		2.0		2.3		7.3		7.8		25.5		54.9
Upgraded		9.3		1.5		5.7		3.6		3.8		15.3		39.5

Total		29.3		10.3		13.5		27.2		26.5		51.6		158.7

(C) Amount of Outstanding Problem Assets Which Is in Process for Disposition as of September 30, 2011


	(in billions of yen)
	Time of categorization														Total
	prior to Sept. 30, 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		the 1st half of fiscal 2010		the 2nd half of fiscal 2010		the 1st half of fiscal 2011		Total
Legal liquidation		12.0		4.3		2.5		2.4		5.3		9.6		4.4		40.8
Quasi-legal liquidation		—		0.0		—		—		—		—		—		0.0
Split-off of problem loans		—		—		—		—		—		—		—		—
Partial write-off of small balance loans		22.8		4.6		5.5		7.0		6.1		6.3		12.4		65.0
Entrusted to the RCC		—		—		—		—		—		—		—		—

Total		34.8		9.0		8.0		9.5		11.5		15.9		16.8		105.8

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated including Trust Accounts

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

(A) Historical Trend of Problem Assets Based on the “FRL”


	(in billions of yen)
	As of September 30, 2008		As of March 31, 2009		As of September 30, 2009		As of March 31, 2010		As of September 30, 2010		As of March 31, 2011 (a)		As of September 30, 2011 (b)		(b) - (a)
Bankrupt or De facto Bankrupt		13.2		19.3		13.1		11.2		4.5		4.0		2.3		(1.6	)
Doubtful		34.1		41.8		65.1		62.2		58.5		36.1		31.8		(4.2	)

Total		47.3		61.1		78.3		73.4		63.1		40.1		34.2		(5.9	)


(1) Assets categorized as problem assets based on the “FRL” prior to September 30, 2008

Bankrupt or De facto Bankrupt		13.2		16.5		10.7		9.1		3.1		2.5		1.1		(1.4	)
Doubtful		34.1		22.0		19.5		17.9		16.0		12.7		11.1		(1.6	)

Total		47.3		38.6		30.2		27.1		19.2		15.3		12.3		(3.0	)


(2) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2008

Bankrupt or De facto Bankrupt				2.7		1.5		0.8		0.2		0.1		0.0		(0.0	)
Doubtful				19.7		13.7		5.7		5.1		3.1		1.1		(1.9	)

Total				22.5		15.2		6.6		5.4		3.2		1.2		(2.0	)


(3) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2009

Bankrupt or De facto Bankrupt						0.9		0.8		0.2		0.3		0.1		(0.2	)
Doubtful						31.8		26.8		25.3		3.5		3.1		(0.4	)

Total						32.7		27.6		25.5		3.9		3.2		(0.6	)


(4) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2009

Bankrupt or De facto Bankrupt								0.3		0.6		0.3		0.2		(0.1	)
Doubtful								11.6		9.0		6.1		3.5		(2.6	)

Total								11.9		9.7		6.5		3.7		(2.8	)


(5) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2010

Bankrupt or De facto Bankrupt										0.2		0.4		0.5		0.0
Doubtful										3.0		1.7		0.8		(0.8	)

Total										3.2		2.2		1.3		(0.8	)


(6) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2010

Bankrupt or De facto Bankrupt												0.0		0.0		(0.0	)
Doubtful												8.7		5.6		(3.0	)

Total												8.8		5.7		(3.1	)


(7) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2011

Bankrupt or De facto Bankrupt														0.1
Doubtful														6.3

Total														6.5

(B) Progress in Disposition of Problem Assets of the Six Months Ended September 30, 2011


	(in billions of yen)
	Time of categorization												Total
	prior to Sep. 30, 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		the 1st half of fiscal 2010		the 2nd half of fiscal 2010		Total
Liquidation		—		—		—		—		—		—		—
Re-constructive treatment		—		—		—		—		—		—		—
Upgrade due to re-constructive treatment		—		0.8		—		—		—		—		0.8
Loan sales to secondary market		—		—		—		2.4		—		—		2.4
Write-offs		0.1		—		—		0.0		0.6		—		0.7
Other		2.9		1.1		0.6		0.3		0.1		3.1		8.4
Collection / Repayment		2.2		0.0		0.1		0.3		0.1		2.8		5.9
Upgraded		0.6		1.0		0.4		0.0		0.0		0.2		2.5

Total		3.0		2.0		0.6		2.8		0.8		3.1		12.4

(C) Amount of Outstanding Problem Assets Which Is in Process for Disposition as of September 30, 2011


	(in billions of yen)
	Time of categorization														Total
	prior to Sep. 30, 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		the 1st half of fiscal 2010		the 2nd half of fiscal 2010		the 1st half of fiscal 2011		Total
Legal liquidation		0.4		0.0		0.0		0.1		0.0		0.0		0.0		0.6
Quasi-legal liquidation		1.4		—		—		—		—		—		—		1.4
Split-off of problem loans		—		—		—		—		—		—		—		—
Partial write-off of small balance loans		0.7		0.0		0.0		0.1		0.4		0.0		0.1		1.7
Entrusted to the RCC		—		—		—		—		—		—		—		—

Total		2.6		0.0		0.1		0.2		0.5		0.0		0.1		3.8

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, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Domestic offices (excluding loans booked at offshore markets)		62,620,466		(1,299,257	)		63,919,723

Manufacturing		9,147,250		346,018			8,801,232
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		130,082		(122	)		130,204
Construction		1,014,068		(44,191	)		1,058,259
Utilities		1,156,090		91,305			1,064,785
Communication and information services		1,054,438		4,347			1,050,091
Transport and postal activities		2,515,501		(188,185	)		2,703,686
Wholesale and retail		6,187,842		(178,355	)		6,366,197
Finance and insurance		7,214,202		(346,739	)		7,560,941
Real estate		9,231,429		(221,558	)		9,452,987
Goods rental and leasing		1,520,822		(124,449	)		1,645,271
Services		2,979,333		(80,579	)		3,059,912
Municipal government		892,899		(60,571	)		953,470
Other industries		19,576,495		(496,182	)		20,072,677

Overseas offices and loans booked at offshore markets		12,477,797		679,343			11,798,454

Total		75,098,264		(619,913	)		75,718,178

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Total domestic consumer loans		17,713,494		(331,266	)		18,044,760
Housing loans		16,982,777		(317,896	)		17,300,674
Residential purpose		13,653,021		(211,399	)		13,864,421
Other		730,716		(13,369	)		744,086

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


	(in millions of yen)
	As of September 30, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Outstanding amount		38,574,738			(1,342,989	)		39,917,727
% to total domestic loans		61.60	%		(0.84	)%		62.44	%

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Domestic offices (excluding loans booked at offshore markets)		52,515,207		(1,193,212	)		53,708,420

Manufacturing		7,187,054		263,270			6,923,784
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		124,934		27			124,907
Construction		892,710		(39,088	)		931,798
Utilities		750,154		67,796			682,358
Communication and information services		808,953		2,994			805,959
Transport and postal activities		1,835,846		(160,550	)		1,996,396
Wholesale and retail		5,399,082		(201,825	)		5,600,907
Finance and insurance		5,572,640		(275,913	)		5,848,553
Real estate		7,336,154		(209,417	)		7,545,571
Goods rental and leasing		969,233		(68,034	)		1,037,267
Services		2,594,587		(60,202	)		2,654,789
Municipal government		855,178		(56,475	)		911,653
Other industries		18,188,682		(455,796	)		18,644,478

Overseas offices and loans booked at offshore markets		11,871,708		598,413			11,273,295

Total		64,386,916		(594,799	)		64,981,715

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Total domestic consumer loans		16,592,811		(337,509	)		16,930,320
Housing loans		15,875,363		(325,181	)		16,200,544
Residential purpose		12,839,426		(232,648	)		13,072,075
Other		717,448		(12,327	)		729,776

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


	(in millions of yen)
	As of September 30, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Outstanding amount		33,987,877			(1,267,937	)		35,255,814
% to total domestic loans		64.72	%		(0.92	)%		65.64	%

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Domestic offices (excluding loans booked at offshore markets)		9,951,997		(111,959	)		10,063,957

Manufacturing		1,960,196		82,748			1,877,448
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		5,148		(149	)		5,297
Construction		121,358		(5,103	)		126,461
Utilities		405,876		23,531			382,345
Communication and information services		245,485		1,353			244,132
Transport and postal activities		677,688		(27,083	)		704,771
Wholesale and retail		788,760		23,470			765,290
Finance and insurance		1,641,562		(70,826	)		1,712,388
Real estate		1,874,312		(10,047	)		1,884,359
Goods rental and leasing		551,489		(56,415	)		607,904
Services		383,262		(20,265	)		403,527
Municipal government		21,624		(2,655	)		24,279
Other industries		1,275,225		(50,522	)		1,325,747

Overseas offices and loans booked at offshore markets		606,089		80,930			525,158

Total		10,558,086		(31,029	)		10,589,116

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Total domestic consumer loans		1,053,563		8,739			1,044,823
Housing loans		1,040,689		9,719			1,030,970
Residential purpose		749,000		23,214			725,785
Other		12,873		(979	)		13,852

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


	(in millions of yen)
	As of September 30, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Outstanding amount		4,451,825			(82,982	)		4,534,807
% to total domestic loans		44.73	%		(0.32	)%		45.05	%

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, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Domestic offices (excluding loans booked at offshore markets)		153,260		5,914			147,345

Manufacturing		—		—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—		—			—
Construction		—		—			—
Utilities		60		(22	)		82
Communication and information services		—		—			—
Transport and postal activities		1,967		(552	)		2,519
Wholesale and retail		—		—			—
Finance and insurance		—		—			—
Real estate		20,963		(2,094	)		23,057
Goods rental and leasing		100		—			100
Services		1,484		(112	)		1,596
Municipal government		16,097		(1,441	)		17,538
Other industries		112,588		10,136			102,452

Overseas offices and loans booked at offshore markets		—		—			—

Total		153,260		5,914			147,345

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Total domestic consumer loans		67,119		(2,497	)		69,616
Housing loans		66,724		(2,434	)		69,158
Residential purpose		64,594		(1,965	)		66,559
Other		394		(62	)		457

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


	(in millions of yen)
	As of September 30, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Outstanding amount		135,036			7,930			127,106
% to total domestic loans		88.10	%		1.84	%		86.26	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Asia		4,030,713		143,132			3,887,581
Thailand		503,415		6,925			496,489
Indonesia		350,505		21,135			329,370
Malaysia		264,471		(21,421	)		285,892
Philippines		66,253		1,976			64,277
South Korea		273,343		1,939			271,404
Singapore		636,113		50,564			585,549
Hong Kong		986,108		45,469			940,639
China		55,090		14,280			40,809
Taiwan		194,412		7,596			186,816
Others		700,998		14,664			686,333

Latin America		1,550,273		88,181			1,462,091
Argentina		2,374		722			1,651
Brazil		116,962		(2,258	)		119,221
Mexico		117,092		20,856			96,235
Caribbean countries		1,213,766		83,543			1,130,222
Others		100,077		(14,682	)		114,759

North America		2,933,276		123,483			2,809,792
United States of America		2,793,455		172,021			2,621,434
Canada		139,820		(48,537	)		188,357

Western Europe		2,935,353		191,187			2,744,166
United Kingdom		800,824		480			800,344
Germany		308,045		(59,856	)		367,902
France		396,638		57,663			338,975
Netherlands		434,545		86,301			348,243
Spain		280,950		16,335			264,615
Italy		199,041		67,887			131,153
Others		515,308		22,375			492,933

Eastern Europe		227,297		18,317			208,980

Others		2,204,258		126,638			2,077,620


Total		13,881,173		690,940			13,190,233

Note:

In addition to the (non-consolidated basis) loan balance stated above, three major overseas subsidiaries have the following loan balances as of the consolidated financial statements date.

UnionBanCal Corporation : ¥3,910,475 million (a 36,304 million yen increase as compared with March 31, 2011.)

Bank of Tokyo-Mitsubishi UFJ (China), Ltd.: ¥752,477 million (a 2,945 million yen increase as compared with March 31, 2011.)

Bank of Tokyo-Mitsubishi UFJ (Holland) N.V.: ¥559,684 million (a 78,713 million yen increase as compared with March 31, 2011.)

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Deposits (ending balance)		116,199,096		(2,088,779	)		118,287,876
Deposits (average balance)		115,162,709		1,614,412			113,548,296
Loans (ending balance)		74,945,003		(625,828	)		75,570,832
Loans (average balance)		73,925,743		(1,081,602	)		75,007,345

BTMU Non-consolidated


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Deposits (ending balance)		103,847,500		(2,007,179	)		105,854,679
Deposits (average balance)		102,787,695		1,584,170			101,203,524
Loans (ending balance)		64,386,916		(594,799	)		64,981,715
Loans (average balance)		63,608,793		(1,260,303	)		64,869,097

MUTB Non-consolidated


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Deposits (ending balance)		12,351,596		(81,600	)		12,433,196
Deposits (average balance)		12,375,013		30,241			12,344,772
Loans (ending balance)		10,558,086		(31,029	)		10,589,116
Loans (average balance)		10,316,949		178,701			10,138,247

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Individuals		64,876,764		492,118			64,384,645
Corporations and others		40,862,993		(3,648,946	)		44,511,939
Domestic deposits		105,739,757		(3,156,827	)		108,896,585

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

BTMU Non-consolidated


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Individuals		56,266,491		452,650			55,813,841
Corporations and others		37,878,817		(3,480,949	)		41,359,766
Domestic deposits		94,145,308		(3,028,299	)		97,173,607

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

MUTB Non-consolidated


	(in millions of yen)
	As of September 30, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Individuals		8,610,273		39,468			8,570,804
Corporations and others		2,984,176		(167,997	)		3,152,173
Domestic deposits		11,594,449		(128,528	)		11,722,978

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

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, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Deferred tax assets		960.5			(78.6	)		1,039.1
Net operating losses carried forwards		12.5			(11.0	)		23.6
Allowance for credit losses		379.0			(77.3	)		456.3
Write-down on investment securities		311.5			17.2			294.2
Unrealized losses on other securities		121.1			7.1			113.9
Reserve for retirement benefits		94.2			1.3			92.8
Other		464.5			(4.5	)		469.1
Valuation allowance		(422.6	)		(11.6	)		(411.0	)
Deferred tax liabilities		393.1			17.6			375.4
Unrealized gains on other securities		192.7			14.5			178.1
Net deferred gains on hedges		58.0			13.3			44.7
Revaluation gains on securities upon merger		43.4			(6.0	)		49.5
Gains on securities contributed to employee retirement benefits trust		65.9			0.0			65.9
Other		32.9			(4.1	)		37.1
Net deferred tax assets		567.3			(96.2	)		663.6

(2) Net Business Profits before Credit Costs and Taxable Income


	(in billions of yen)
	FY2006			FY2007			FY2008			FY2009			FY2010			Interim FY2011
Net business profits before credit costs		899.7			828.2			710.8			863.1			1,006.5			553.8
Credit costs		(53.4	)		76.5			393.4			337.8			166.1			7.5
Income before income taxes		958.0			687.0			(195.1	)		460.1			674.4			411.5
Reconciliation to taxable income		(401.6	)		(123.1	)		789.1			(3.7	)		(24.0	)		(184.8	)
Taxable income		556.3			563.9			593.9			456.3			650.3			226.6

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

We are classified as “2” because net operating losses carried forwards was immaterial in amount at September 30, 2011 and we are considered to be a company showing stable financial performance.

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, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2011 (B)
Deferred tax assets		62.2			0.0			62.1
Write-down on investment securities		56.1			(3.4	)		59.5
Allowance for credit losses		20.7			(3.9	)		24.6
Unrealized losses on other securities		17.0			2.6			14.4
Net operating losses carried forwards		—			(5.0	)		5.0
Other		68.4			10.3			58.1
Valuation allowance		(100.1	)		(0.5	)		(99.6	)
Deferred tax liabilities		95.4			44.3			51.0
Unrealized gains on other securities		68.7			50.2			18.4
Reserve for retirement benefits		16.9			0.4			16.5
Other		9.7			(6.2	)		16.0
Net deferred tax assets		(33.2	)		(44.3	)		11.1

(2) Net Business Profits before Credit Costs and Taxable Income


	(in billions of yen)
	FY2006			FY2007			FY2008			FY2009		FY2010			Interim FY2011
Net business profits before credit costs		274.3			187.2			131.5			110.2		150.4			74.6
Credit costs		(8.1	)		(26.3	)		(35.5	)		23.7		8.0			(7.0	)
Income before income taxes		284.0			197.3			88.1			52.0		101.9			67.4
Reconciliation to taxable income		(142.9	)		(26.3	)		(16.0	)		23.3		(79.6	)		(22.0	)
Taxable income		141.1			170.9			72.0			75.3		22.3			45.4

(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.

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of September 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 September 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 ¥71 billion, improved by ¥7 billion compared to the end of March 2011.

•

The effect on the P/L for the second quarter ended September 30, 2011 was a gain of approximately ¥6 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		79		(28	)		(2	)		(14	)		0		0
2	Sub-prime RMBS		7		(8	)		0			(9	)		0		0
3	CMBS		71		43			0			1			0		0
4	CLOs		1,280		56			(68	)		20			1,074		(68	)
5	Other securitized products (card, etc.)		85		(10	)		(1	)		1			22		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			(71	)		7			1,096		(69	)

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 64% of our investments in securitized products, an increase of 34% compared with the end of March 2011, mainly due to an increase in volume in highly rated CLOs as a result of upgrades in the portfolio.

•

AAA and AA-rated products accounted for 85% of our investments in securitized products.


		(¥bn)
		AAA			AA			A			BBB			BB or lower			Unrated			Total
9	RMBS		17			11			9			19			22			0			79
10	Sub-prime RMBS		3			1			0			0			3			0			7
11	CMBS		58			2			10			0			1			0			71
12	CLOs		846			287			80			62			7			0			1,280
13	Other securitized products (card, etc.)		50			21			4			6			2			1			85
14	CDOs		0			0			0			0			1			0			1
15	Sub-prime ABS CDOs		0			0			0			0			0			0			0

16	Total		971			321			103			87			33			1			1,517

17	Percentage of total		64	%		21	%		7	%		6	%		2	%		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 September 2011.


		(¥bn)
		Americas		Europe		Asia		Japan		Total		Change from end of March 2011
1	LBO Loan³(Balance on a commitment basis)		23		108		11		175		317		(11	)
2	Balance on a booking basis		15		93		11		158		277		(9	)

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 September 2011 was ¥3.42 trillion (¥0.90 trillion overseas).

•

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


<Terminology>

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

Mitsubishi UFJ Financial Group, Inc.

(Reference)

2. Financial Statements

BTMU Non-consolidated

(1) Non-consolidated Balance Sheets


	(in millions of yen)
	As of March 31, 2011			As of September 30, 2011
Assets:
Cash and due from banks		7,892,503			7,388,587
Call loans		147,984			120,353
Receivables under resale agreements		545,449			667,962
Receivables under securities borrowing transactions		751,482			2,034,740
Monetary claims bought		1,964,799			2,012,706
Trading assets		6,657,614			6,628,185
Money held in trust		48,615			57,916
Securities		58,303,309			61,839,746
Allowance for losses on securities		(56,627	)		(56,627	)
Loans and bills discounted		64,981,715			64,386,916
Foreign exchanges		1,122,028			1,222,071
Other assets		4,277,306			6,935,293
Tangible fixed assets		872,747			861,148
Intangible fixed assets		311,683			319,692
Deferred tax assets		663,663			567,365
Customers’ liabilities for acceptances and guarantees		5,682,078			5,238,946
Allowance for credit losses		(712,944	)		(679,551	)

Total assets		153,453,411			159,545,453

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	As of March 31, 2011			As of September 30, 2011
Liabilities:
Deposits		105,854,679			103,847,500
Negotiable certificates of deposit		8,609,042			7,672,298
Call money		1,253,406			1,213,199
Payables under repurchase agreements		4,758,873			7,067,000
Payables under securities lending transactions		614,479			1,813,241
Commercial papers		—			122,276
Trading liabilities		4,225,944			4,583,811
Borrowed money		6,573,203			7,568,356
Foreign exchanges		711,012			703,346
Bonds payable		4,207,311			4,049,571
Other liabilities		3,318,890			7,905,872
Reserve for bonuses		16,965			16,505
Reserve for bonuses to directors		141			48
Reserve for retirement benefits		12,547			11,839
Reserve for loyalty award credits		798			1,120
Reserve for contingent losses		40,012			40,168
Reserves under special laws		31			—
Deferred tax liabilities for land revaluation		180,195			178,321
Acceptances and guarantees		5,682,078			5,238,946

Total liabilities		146,059,614			152,033,423

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		1,744,287			1,886,344
Revenue reserve		190,044			190,044
Other retained earnings		1,554,242			1,696,300
Funds for retirement benefits		2,432			2,432
Other reserve		718,196			718,196
Earned surplus brought forward		833,613			975,671
Treasury stock		(250,000	)		(250,000	)

Total shareholders’ equity		7,084,520			7,226,577

Net unrealized gains (losses) on other securities		27,110			(13,742	)
Net deferred gains (losses) on hedging instruments		65,497			85,012
Land revaluation excess		216,668			214,182

Total valuation and translation adjustments		309,275			285,452

Total net assets		7,393,796			7,512,030

Total liabilities and net assets		153,453,411			159,545,453

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, 2010		For the six months ended September 30, 2011
Ordinary income		1,389,980		1,421,902
Interest income		811,698		754,468
Interest on loans and bills discounted		507,579		478,984
Interest and dividends on securities		204,605		204,377
Fees and commissions		249,619		255,728
Trading income		66,318		52,541
Other business income		207,591		312,310
Other ordinary income		54,753		46,853
Ordinary expenses		995,579		1,005,387
Interest expenses		191,838		170,803
Interest on deposits		70,605		54,230
Fees and commissions		68,630		69,025
Other business expenses		29,351		84,518
General and administrative expenses		523,206		519,743
Other ordinary expenses		182,552		161,296

Ordinary profits		394,401		416,514

Extraordinary gains		21,838		1,696
Extraordinary losses		21,269		6,688

Income before income taxes		394,971		411,522

Income taxes—current		16,031		73,922
Income taxes—deferred		96,619		65,699

Total taxes		112,650		139,621

Net income		282,320		271,900

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Non-consolidated Balance Sheets


	(in millions of yen)
	As of March 31, 2011			As of September 30, 2011
Assets:
Cash and due from banks		1,813,494			1,580,303
Call loans		65,400			79,096
Receivables under securities borrowing transactions		222,291			129,023
Monetary claims bought		28,443			26,042
Trading assets		318,728			362,332
Money held in trust		2,290			2,298
Securities		10,687,782			11,769,962
Loans and bills discounted		10,589,116			10,558,086
Foreign exchanges		9,918			5,091
Other assets		767,285			708,807
Tangible fixed assets		166,259			171,926
Intangible fixed assets		64,917			63,446
Deferred tax assets		11,111			—
Customers’ liabilities for acceptances and guarantees		139,962			132,941
Allowance for credit losses		(54,436	)		(47,543	)

Total assets		24,832,564			25,541,815

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	As of March 31, 2011			As of September 30, 2011
Liabilities:
Deposits		12,433,196			12,351,596
Negotiable certificates of deposit		2,931,733			3,040,923
Call money		418,379			168,794
Payables under repurchase agreements		3,184,471			3,581,441
Payables under securities lending transactions		197,871			626,088
Trading liabilities		59,545			58,176
Borrowed money		2,340,455			2,402,846
Foreign exchanges		1,107			178
Short-term bonds payable		5,200			—
Bonds payable		288,800			307,800
Due to trust accounts		1,153,993			1,079,764
Other liabilities		381,320			384,101
Reserve for bonuses		4,321			4,300
Reserve for bonuses to directors		85			27
Reserve for contingent losses		17,042			16,952
Deferred tax liabilities		—			33,206
Deferred tax liabilities for land revaluation		6,570			6,241
Acceptances and guarantees		139,962			132,941

Total liabilities		23,564,058			24,195,382

Net assets:
Capital stock		324,279			324,279
Capital surplus		412,315			412,315
Capital reserve		250,619			250,619
Other capital surplus		161,695			161,695
Retained earnings		548,371			580,836
Revenue reserve		73,714			73,714
Other retained earnings		474,657			507,122
Funds for retirement benefits		710			710
Other reserve		138,495			138,495
Earned surplus brought forward		335,452			367,917

Total shareholders’ equity		1,284,965			1,317,430

Net unrealized gains (losses) on other securities		(179	)		66,585
Net deferred gains (losses) on hedging instruments		(9,282	)		(30,374	)
Land revaluation excess		(6,997	)		(7,208	)

Total valuation and translation adjustments		(16,459	)		29,002

Total net assets		1,268,506			1,346,433

Total liabilities and net assets		24,832,564			25,541,815

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, 2010		For the six months ended September 30, 2011
Ordinary income		264,829		275,881
Trust fees		38,352		37,072
Interest income		114,676		112,997
Interest on loans and bills discounted		57,307		52,395
Interest and dividends on securities		51,299		58,202
Fees and commissions		51,058		50,987
Trading income		8,221		11,346
Other business income		44,489		45,767
Other ordinary income		8,030		17,710
Ordinary expenses		201,986		211,727
Interest expenses		37,543		37,828
Interest on deposits		23,086		16,957
Fees and commissions		10,777		11,700
Other business expenses		38,557		42,472
General and administrative expenses		101,543		101,683
Other ordinary expenses		13,563		18,042

Ordinary profits		62,843		64,154

Extraordinary gains		4,544		4,651
Extraordinary losses		2,163		1,341

Income before income taxes		65,224		67,465

Income taxes—current		2,736		15,000
Income taxes—deferred		20,926		6,463

Total taxes		23,662		21,464

Net income		41,561		46,000

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, 2011		As of September 30, 2011
Assets:
Loans and bills discounted		147,345		153,260
Securities		48,559,568		48,763,087
Beneficiary rights to the trust		30,104,181		30,258,951
Securities held in custody accounts		1,157,840		1,333,425
Monetary claims		11,411,248		12,445,747
Tangible fixed assets		8,929,489		8,969,315
Intangible fixed assets		131,400		131,272
Other claims		2,790,990		2,461,654
Call loans		1,544,778		1,294,968
Due from banking account		1,459,085		1,405,199
Cash and due from banks		1,911,548		1,924,425

Total		108,147,478		109,141,307

Liabilities:
Money trusts		17,122,381		17,280,015
Pension trusts		12,224,957		12,230,308
Property formation benefit trusts		13,516		13,238
Investment trusts		29,401,183		29,562,778
Money entrusted other than money trusts		2,006,413		2,096,091
Securities trusts		1,302,122		1,572,199
Monetary claim trusts		11,827,795		12,817,191
Equipment trusts		52,281		65,005
Land and fixtures trusts		85,935		85,089
Composite trusts		34,110,892		33,419,388

Total		108,147,478		109,141,307

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, 2011		As of September 30, 2011
Assets:
Loans and bills discounted		113,533		107,545
Securities		46,195		50,443
Other		877,473		830,838

Total		1,037,202		988,827

Liabilities:
Principal		1,033,111		984,947
Allowance for bad debts		341		325
Other		3,749		3,554

Total		1,037,202		988,827

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(4) Major Items


	(in millions of yen)
	As of March 31, 2011		As of September 30, 2011
Total funds		44,725,785		44,916,083

Deposits		12,433,196		12,351,596
Negotiable certificates of deposit		2,931,733		3,040,923
Money trusts		17,122,381		17,280,015
Pension trusts		12,224,957		12,230,308
Property formation benefit trusts		13,516		13,238

Loans and bills discounted		10,736,462		10,711,347

Banking account		10,589,116		10,558,086
Trust account		147,345		153,260

Investment securities		59,247,351		60,533,049

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.