UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Issuer

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

the Securities Exchange Act of 1934

For the month of January 2012

 

 

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    

 

 

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: January 23, 2012

 

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Interim Consolidated Summary Report

<under US GAAP>

For the Fiscal Year Ending March 31, 2012

 

Date:		January 23, 2012
Company name (code number):		Mitsubishi UFJ Financial Group, Inc. (8306)
		(URL http://www.mufg.jp/)
Stock exchange listings:		Tokyo, Osaka, Nagoya, New York
Representative:		Katsunori Nagayasu, President & CEO
For inquiry:		Naoki Muramatsu, General Manager-Financial Planning Division, Financial Accounting Office
		(Phone) +81-3-3240-7200

Consolidated financial data for the six months ended September 30, 2011

(1) Operating results

 

		(in millions of yen, except per share data)

 

		For the six months ended September 30,
		2011				2010
Total revenue			1,966,963				2,652,498
Income before income tax expense			394,016				950,258
Net income attributable to Mitsubishi UFJ Financial Group			190,964				582,870
Basic earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)			12.87				40.39
Diluted earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)			12.82				40.31

Total changes in equity from nonowner sources attributable to Mitsubishi UFJ Financial Group for the six months ended September 30, 2011 and 2010 were ¥87,071 million and ¥248,695 million, respectively.

Notes:

1. Average number of shares outstanding

(in thousands of shares)

		For the six months ended September 30,
		2011				2010
Common stock			14,138,985				14,133,196

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

3. The previously reported amounts, including those reported in (2) Financial condition, were restated as a result of retrospective application of the equity method of accounting in relation to the additional acquisition of the investment previously accounted for as securities available for sale. Please refer to the page 5 “Restatement of Consolidated Financial Statements” for the details of the restatement.

(2) Financial condition

(in millions of yen)

		As of September 30,				As of March 31,
		2011				2011
Total assets			212,715,173				202,850,243
Total Mitsubishi UFJ Financial Group shareholders’ equity			8,321,148				8,335,699

(3) Cash flows

(in millions of yen)

		For the six months ended September 30,
		2011				2010
Net cash provided by operating activities			558,930				664,575
Net cash used in investing activities			(5,823,445	)			(3,098,231	)
Net cash provided by financing activities			5,095,342				2,525,115
Cash and cash equivalents at end of period			3,053,917				2,930,622

 

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

This report contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial condition and other general management of the company and/or the group as a whole (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company’s current expectations, perceptions, evaluations and opinions. In addition, in order for the company to adopt such estimations, forecasts, targets and plans regarding future events, certain assumptions have been made, which assumptions are inherently subjective and uncertain. The forward-looking statements should not be viewed as guarantees of future performance as actual results may be significantly different. For instance, the statements regarding realizability of the deferred tax assets or provision for credit losses are based on assumptions and other estimations with respect to economic factors, our business performance and other factors. There exist a number of factors that create uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economies and changes in the regulatory environment. For the key factors that should be considered, please see the financial highlight, the Annual Securities Report, Disclosure Book, Annual Report, Form 20-F, reports on Form 6-K and other current disclosures that the company has publicly released.

 

 

 

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

 

(in millions of yen)		As of September 30, 2011				As of March 31, 2011
Assets:
Cash and due from banks			3,053,917				3,230,804
Interest-earning deposits in other banks			6,812,319				7,333,767
Call loans, funds sold, and receivables under resale agreements			5,910,724				5,320,958
Receivables under securities borrowing transactions			4,914,149				3,600,318
Trading account assets			34,784,005				28,824,795
Investment securities:
Securities available for sale			56,257,325				54,329,881
Securities being held to maturity			2,591,667				3,017,189
Other investment securities			882,533				1,704,244
Total investment securities			59,731,525				59,051,314
Loans, net of unearned income, unamortized premiums and deferred loan fees			86,916,948				87,501,975
Allowance for credit losses			(1,228,157	)			(1,240,456	)
Net loans			85,688,791				86,261,519
Premises and equipment—net			972,447				962,548
Accrued interest			221,394				233,224
Customers’ acceptance liability			89,768				69,950
Intangible assets—net			927,596				991,521
Goodwill			360,772				363,392
Deferred tax assets			1,191,214				1,285,013
Other assets			8,056,552				5,321,120
Total assets			212,715,173				202,850,243
Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing			14,752,815				16,421,024
Interest-bearing			97,267,209				99,120,619
Overseas offices, principally interest-bearing			21,373,998				21,090,061
Total deposits			133,394,022				136,631,704
Call money, funds purchased, and payables under repurchase agreements			17,450,972				14,702,562
Payables under securities lending transactions			4,079,084				2,104,105
Due to trust account and other short-term borrowings			10,854,769				9,121,738
Trading account liabilities			11,449,498				9,908,974
Obligations to return securities received as collateral			4,520,144				3,267,775
Bank acceptances outstanding			89,768				69,950
Accrued interest			156,585				181,814
Long-term debt			12,810,508				13,356,728
Other liabilities			9,317,953				4,841,981
Total liabilities			204,123,303				194,187,331
Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock:
Preferred stock			442,100				442,100
Common stock			1,645,139				1,644,132
Capital surplus			6,384,120				6,395,705
Retained earnings (Accumulated deficit):
Appropriated for legal reserve			239,571				239,571
Unappropriated retained earnings (Accumulated deficit)			351,360				254,103
Accumulated other changes in equity from nonowner sources, net of taxes			(732,554	)			(628,661	)
Treasury stock, at cost			(8,588	)			(11,251	)
Total Mitsubishi UFJ Financial Group shareholders’ equity			8,321,148				8,335,699
Noncontrolling interests			270,722				327,213
Total equity			8,591,870				8,662,912
Total liabilities and equity			212,715,173				202,850,243

 

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations (Unaudited)

 

		For the six months ended September 30,
(in millions of yen)		2011				2010
Interest income:
Loans, including fees			801,477				855,653
Deposits in other banks			21,205				13,321
Investment securities			345,662				248,331
Trading account assets			139,986				148,057
Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions			49,840				25,579
Total			1,358,170				1,290,941
Interest expense:
Deposits			113,399				137,690
Call money, funds purchased, and payables under repurchase agreements and securities lending transactions			49,431				32,163
Due to trust account, other short-term borrowings, and trading account liabilities			30,417				28,194
Long-term debt			130,900				143,972
Total			324,147				342,019
Net interest income			1,034,023				948,922
Provision for credit losses			89,342				186,314
Net interest income after provision for credit losses			944,681				762,608
Non-interest income:
Fees and commissions			548,822				557,613
Foreign exchange gains—net			67,836				175,107
Trading account profits—net			449,243				486,017
Investment securities gains (losses)—net			(19,226	)			105,841
Equity in losses of equity method investees			(515,403	)			(44,661	)
Other non-interest income			77,521				81,640
Total			608,793				1,361,557
Non-interest expense:
Salaries and employee benefits			443,726				437,698
Occupancy expenses—net			79,441				80,659
Fees and commission expenses			101,751				102,947
Outsourcing expenses, including data processing			94,868				97,454
Depreciation of premises and equipment			45,756				48,471
Amortization of intangible assets			105,321				109,881
Impairment of intangible assets			27,040				16,363
Insurance premiums, including deposit insurance			57,996				56,513
Communications			24,693				27,253
Taxes and public charges			31,694				33,450
Other non-interest expenses			147,172				163,218
Total			1,159,458				1,173,907
Income before income tax expense			394,016				950,258
Income tax expense			198,806				369,996
Net income before attribution of noncontrolling interests			195,210				580,262
Net income (loss) attributable to noncontrolling interests			4,246				(2,608	)
Net income attributable to Mitsubishi UFJ Financial Group			190,964				582,870
Income allocable to preferred shareholders:
Cash dividends paid			8,970				11,970
Net income available to common shareholders of Mitsubishi UFJ Financial Group			181,994				570,900
(in yen)
Earnings per share applicable to common shareholders of Mitsubishi UFJ Financial Group:
Basic earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group			12.87				40.39
Diluted earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group			12.82				40.31

 

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Changes in Equity from Nonowner Sources (Unaudited)

 

		For the six months ended September 30,
(in millions of yen)		2011				2010
Net income before attribution of noncontrolling interests			195,210				580,262
Net unrealized holding losses on investment securities			(32,408	)			(202,192	)
Net unrealized losses on derivatives qualifying for cash flow hedges			(36	)			(2,811	)
Pension liability adjustments			(10,701	)			(27,283	)
Foreign currency translation adjustments			(59,994	)			(102,905	)
Total changes in equity from nonowner sources			92,071				245,071
Net income (loss) attributable to noncontrolling interests			4,246				(2,608	)
Other changes in equity from nonowner sources attributable to noncontrolling interests			754				(1,016	)
Total changes in equity from nonowner sources attributable to Mitsubishi UFJ Financial Group			87,071				248,695
Credit Quality Data (Unaudited)
(in millions of yen)		As of September  30, 2011				As of March  31, 2011
Nonaccrual loans			1,122,053				1,169,179
Restructured loans			945,503				839,550
Accruing loans contractually past due 90 days or more			63,569				55,748
Total			2,131,125				2,064,477
Loans			86,916,948				87,501,975
Allowance for credit losses			(1,228,157	)			(1,240,456	)

Restatement of Consolidated Financial Statement (Unaudited)

As a result of retroactive application of the equity method of accounting in relation to the additional acquisition of investments, the previously reported amounts were restated as follows:

 

		As previously reported				Adjustments				As adjusted
(in millions of yen)		For the six months ended September 30, 2010
Income before income tax expense			964,859				(14,601	)			950,258
Net income attributable to Mitsubishi UFJ Financial Group			591,531				(8,661	)			582,870
(in millions of yen)		As of March 31, 2011
Total assets			202,861,288				(11,045	)			202,850,243
Total Mitsubishi UFJ Financial Group shareholders’ equity			8,343,824				(8,125	)			8,335,699

 

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