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 July 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

SIGNATURES

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

Date: July 23, 2012


Mitsubishi UFJ Financial Group, Inc.

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

Consolidated Summary Report

For the Fiscal Year Ended March 31, 2012


Date:		July 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 fiscal year ended March 31, 2012

(1) Operating results


	(in millions of yen, except per share data)
	For the fiscal years ended March 31,
	2012		2011

Total revenue		4,036,532		4,244,966

Income before income tax expense		849,942		821,812

Net income attributable to Mitsubishi UFJ Financial Group		416,231		452,645

Basic earnings per common share — net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		28.17		30.55

Diluted earnings per common share — net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		28.09		30.43

Total changes in equity from nonowner sources attributable to Mitsubishi UFJ Financial Group for the years ended March 31, 2012 and 2011 were ¥448,492 million and ¥(120,427) million, respectively.

Notes:

1. Average number of shares outstanding


	(in thousands of shares)
	For the fiscal years ended March 31,
	2012		2011
Common stock		14,140,136		14,131,567

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.”

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 March 31,
	2012		2011
Total assets		215,202,514		202,850,243
Total Mitsubishi UFJ Financial Group shareholders’ equity		8,583,158		8,335,699

(3) Cash flows


	(in millions of yen)
	For the fiscal years ended March 31,
	2012			2011
Net cash provided by operating activities		592,879			4,237,838
Net cash used in investing activities		(10,364,250	)		(8,292,883	)
Net cash provided by financing activities		9,787,852			4,455,910
Cash and cash equivalents at end of period		3,230,409			3,230,804

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This report is an excerpt of certain highlights from our consolidated financial information under U.S. GAAP that is included in the company’s annual report on Form 20-F (the “Form 20-F”) to be filed with 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 20-F 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 20-F 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 estimates, 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 estimates, 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 estimates such as economic factors, our business plan and other factors. There exist a number of factors that might lead to uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global 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 and other current disclosures that the company has publicly released.

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Balance Sheets


	As of March 31,
(in millions of yen)	2012			2011
Assets:
Cash and due from banks		3,230,409			3,230,804
Interest-earning deposits in other banks		5,897,732			7,333,767
Call loans and funds sold		451,433			448,787
Receivables under resale agreements		4,481,863			4,872,171
Receivables under securities borrowing transactions		3,282,656			3,600,318
Trading account assets		34,953,245			28,824,795
Investment securities:
Securities available for sale—carried at estimated fair value		57,740,401			54,329,881
Securities being held to maturity—carried at amortized cost		2,385,368			3,017,189
Other investment securities		909,765			1,704,244

Total investment securities		61,035,534			59,051,314

Loans, net of unearned income, unamortized premiums and deferred loan fees		92,298,243			87,501,975
Allowance for credit losses		(1,285,507	)		(1,240,456	)

Net loans		91,012,736			86,261,519

Premises and equipment—net		987,474			962,548
Accrued interest		250,351			233,224
Customers’ acceptance liability		88,082			69,950
Intangible assets—net		896,483			991,521
Goodwill		354,283			363,392
Deferred tax assets		950,395			1,285,013
Other assets		7,329,838			5,321,120

Total assets		215,202,514			202,850,243

Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing		14,980,210			16,421,024
Interest-bearing		99,610,994			99,120,619
Overseas offices:
Non-interest-bearing		2,708,186			2,316,207
Interest-bearing		22,194,340			18,773,854

Total deposits		139,493,730			136,631,704

Call money and funds purchased		2,796,221			2,313,487
Payables under repurchase agreements		13,572,712			12,389,075
Payables under securities lending transactions		4,978,917			2,104,105
Due to trust account		627,331			633,541
Other short-term borrowings		10,881,525			8,488,197
Trading account liabilities		11,967,182			9,908,974
Obligations to return securities received as collateral		3,639,838			3,267,775
Bank acceptances outstanding		88,082			69,950
Accrued interest		152,836			181,814
Long-term debt		12,593,062			13,356,728
Other liabilities		5,552,631			4,841,981

Total liabilities		206,344,067			194,187,331

Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock:
Preferred stock		442,100			442,100
Common stock		1,645,144			1,644,132
Capital surplus		6,378,619			6,395,705
Retained earnings:
Appropriated for legal reserve		239,571			239,571
Unappropriated retained earnings		482,535			254,103
Accumulated other changes in equity from nonowner sources, net of taxes		(596,400	)		(628,661	)
Treasury stock, at cost		(8,411	)		(11,251	)

Total Mitsubishi UFJ Financial Group shareholders’ equity		8,583,158			8,335,699
Noncontrolling interests		275,289			327,213

Total equity		8,858,447			8,662,912

Total liabilities and equity		215,202,514			202,850,243

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Operations


	For the fiscal years ended March 31,
(in millions of yen)	2012			2011
Interest income:
Loans, including fees		1,595,097			1,664,821
Deposits in other banks		39,963			29,188
Investment securities:
Interest		307,812			320,067
Dividends		104,634			169,667
Gain on conversion rate adjustment of convertible preferred stock		139,320			—
Trading account assets		315,742			305,214
Call loans and funds sold		6,918			5,613
Receivables under resale agreements and securities borrowing transactions		86,470			55,574

Total		2,595,956			2,550,144

Interest expense:
Deposits		228,858			256,190
Call money and funds purchased		8,157			5,931
Payables under repurchase agreements and securities lending transactions		86,947			66,728
Due to trust account		647			807
Other short-term borrowings and trading account liabilities		61,657			62,829
Long-term debt		253,873			278,188

Total		640,139			670,673

Net interest income		1,955,817			1,879,471
Provision for credit losses		223,809			292,035

Net interest income after provision for credit losses		1,732,008			1,587,436

Non-interest income:
Fees and commissions income		1,099,963			1,128,358
Foreign exchange gains—net		34,302			260,683
Trading account profits—net		667,285			133,905
Investment securities gains—net		19,384			121,803
Equity in losses of equity method investees—net		(499,427	)		(113,017	)
Gains on sales of loans		15,645			14,558
Other non-interest income		103,424			148,532

Total		1,440,576			1,694,822

Non-interest expense:
Salaries and employee benefits		900,144			863,996
Occupancy expenses—net		150,808			162,498
Fees and commission expenses		204,734			212,460
Outsourcing expenses, including data processing		191,089			194,842
Depreciation of premises and equipment		94,777			99,661
Amortization of intangible assets		212,229			219,980
Impairment of intangible assets		30,986			26,566
Insurance premiums, including deposit insurance		115,376			113,892
Communications		49,276			53,048
Taxes and public charges		65,641			65,882
Provision for repayment of excess interest		37			85,709
Other non-interest expenses		307,545			361,912

Total		2,322,642			2,460,446

Income before income tax expense		849,942			821,812
Income tax expense		429,191			433,625

Net income before attribution of noncontrolling interests		420,751			388,187
Net income (loss) attributable to noncontrolling interests		4,520			(64,458	)

Net income attributable to Mitsubishi UFJ Financial Group		416,231			452,645

Income allocable to preferred shareholders:
Cash dividends paid		17,940			20,940

Net income available to common shareholders of Mitsubishi UFJ Financial Group		398,291			431,705


(in yen)
Earnings per common 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		28.17			30.55
Diluted earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group		28.09			30.43

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Changes in Equity from Nonowner Sources


	For the fiscal years ended March 31,
(in millions of yen)	2012			2011
Net income before attribution of noncontrolling interests		420,751			388,187
Net unrealized holding gains (losses) on investment securities		174,839			(270,921	)
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges		437			(3,402	)
Pension liability adjustments		(94,215	)		(105,089	)
Foreign currency translation adjustments		(49,543	)		(197,595	)

Total changes in equity from nonowner sources		452,269			(188,820	)

Net income (loss) attributable to noncontrolling interests		4,520			(64,458	)
Other changes in equity from nonowner sources attributable to noncontrolling interests		(743	)		(3,935	)

Total changes in equity from nonowner sources attributable to Mitsubishi UFJ Financial Group		448,492			(120,427	)

Nonaccrual loans, restructured loans and accruing loans contractually past due 90 days or more


	As of March 31,
(in millions of yen)	2012		2011
Nonaccrual loans:
Domestic:
Manufacturing		200,074		137,987
Construction		40,098		48,479
Real estate		127,824		152,317
Services		86,015		76,597
Wholesale and retail		237,977		172,712
Banks and other financial institutions		7,802		7,238
Communication and information services		33,418		33,198
Other industries		49,212		37,335
Consumer		288,402		321,823

Total domestic		1,070,822		987,686

Foreign:
Governments and official institutions		93		62,683
Banks and other financial institutions		20,188		21,452
Commercial and industrial		72,750		73,707
Other		25,982		23,651

Total foreign		119,013		181,493

Total		1,189,835		1,169,179

Restructured loans:
Domestic		830,853		800,620
Foreign		92,276		38,930

Total		923,129		839,550

Accruing loans contractually past due 90 days or more:
Domestic		65,446		55,549
Foreign		131		199

Total		65,557		55,748

Total		2,178,541		2,064,477

Restatement of Consolidated Financial Statements

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 fiscal years ended March 31, 2011

Income before income tax expense		837,238		(15,426	)		821,812

Net income attributable to Mitsubishi UFJ Financial Group		461,796		(9,151	)		452,645

(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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