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 2013

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 31, 2013


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Akira Takeda
Name:		Akira Takeda
Title:		Chief Manager, General Affairs
		Corporate Administration Division

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2013

July 31, 2013


Company name:	Mitsubishi UFJ Financial Group, Inc.	Stock exchange listings:	Tokyo, Nagoya, New York
Code number:	8306	URL: http://www.mufg.jp/
Representative:	Nobuyuki Hirano, President & CEO
For inquiry:	Hiroshi Fukunaga, General Manager - Financial Planning Division / Financial Accounting Office TEL (03) 3240-3110
Quarterly securities report issuing date: August 14, 2013		Dividend payment date: -
Trading accounts:	Established
Supplemental information for quarterly financial statements:		Available
Quarterly investor meeting presentation:		None

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

1. Consolidated Financial Data for the Three Months ended June 30, 2013

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income					Ordinary Profits					Net Income
Three months ended	million yen		%			million yen		%			million yen		%
June 30, 2013		1,317,382		9.8			420,646		23.5			255,287		39.6
June 30, 2012		1,200,343		(17.7	)		340,729		(43.3	)		182,917		(63.5	)

(*)	Comprehensive income June 30, 2013: 265,548 million yen, 7.1% ; June 30, 2012: 247,840 million yen, (62.5)%


	Net Income per Common Stock		Diluted Net Income per Common Stock
Three months ended	yen		yen
June 30, 2013		18.03		17.96
June 30, 2012		12.93		12.89

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Attributable to MUFG Shareholders to Total Assets (*)
As of	million yen		million yen		%
June 30, 2013		234,081,703		13,682,265		5.1
March 31, 2013		234,498,701		13,519,655		5.0

(Reference) Shareholders’ equity as of June 30, 2013: 11,849,951 million yen; March 31, 2013: 11,736,617 million yen

(*)

“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.	Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
Fiscal year	yen		yen		yen		yen		yen
ended March 31, 2013		—		6.00		—		7.00		13.00
ending March 31, 2014		—		——		——		——		——
ending March 31, 2014 (Forecast)		——		7.00		—		7.00		14.00

(*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 Target for the Fiscal Year ending March 31, 2014 (Consolidated)

MUFG has the target of 760.0 billion yen of consolidated net income for the fiscal year ending March 31, 2014. (There is no change to our earnings target released on May 15, 2013.)

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.

Notes

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

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

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

(A)

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

(B)

Changes in accounting policies due to reasons other than (A): No

(C)

Changes in accounting estimates: No

(D)

Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	June 30, 2013	14,160,338,420 shares
	March 31, 2013	14,158,585,720 shares
(B) Treasury stocks:	June 30, 2013	3,104,146 shares
	March 31, 2013	3,411,544 shares
(C) Average outstanding stocks:	Three months ended June 30, 2013	14,155,716,167 shares
	Three months ended June 30, 2012	14,145,812,888 shares

LOGO Disclosure regarding the execution of the quarterly review process

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

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

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

(Dividends on preferred stocks)

Dividends per share relating to preferred stocks are as follows:


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
Preferred Stock First Series of Class 5
Fiscal year ended March 31, 2013		—		57.50		—		57.50		115.00
Fiscal year ending March 31, 2014		—		——		——		——		——
Fiscal year ending March 31, 2014 (Forecast)		——		57.50		—		57.50		115.00

	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
Preferred Stock Class 11
Fiscal year ended March 31, 2013		—		2.65		—		2.65		5.30
Fiscal year ending March 31, 2014		—		——		——		——		——
Fiscal year ending March 31, 2014 (Forecast)		——		2.65		—		2.65		5.30

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Consolidated Financial Statements			2

(1) Consolidated Balance Sheets			2

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			4

(3) Notes on Going-Concern Assumption			6

(4) Notes for Material Changes in Shareholders’ Equity			6

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Three Months Ended June 30, 2013”

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements

(1)	Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2013			As of June 30, 2013
Assets:
Cash and due from banks		11,457,999			18,747,788
Call loans and bills bought		580,906			608,134
Receivables under resale agreements		5,635,326			6,085,791
Receivables under securities borrowing transactions		2,589,171			3,849,629
Monetary claims bought		3,365,787			3,511,683
Trading assets		20,570,422			17,988,472
Money held in trust		501,934			563,427
Securities		79,526,850			71,070,967
Loans and bills discounted		91,299,557			92,888,022
Foreign exchanges		1,499,694			1,604,534
Other assets		8,097,431			7,655,712
Tangible fixed assets		1,404,687			1,427,188
Intangible fixed assets		1,091,392			1,091,518
Deferred tax assets		95,814			248,172
Customers’ liabilities for acceptances and guarantees		7,869,182			7,813,492
Allowance for credit losses		(1,087,457	)		(1,072,834	)

Total assets		234,498,701			234,081,703

Liabilities:
Deposits		131,697,096			134,028,634
Negotiable certificates of deposit		14,855,049			13,756,707
Call money and bills sold		3,980,493			2,946,014
Payables under repurchase agreements		15,886,923			18,749,185
Payables under securities lending transactions		4,027,390			2,537,593
Commercial papers		1,048,856			1,097,418
Trading liabilities		15,379,226			13,134,866
Borrowed money		10,758,136			10,708,290
Foreign exchanges		859,469			1,199,550
Short-term bonds payable		462,161			406,710
Bonds payable		6,114,578			5,862,317
Due to trust accounts		1,503,215			1,437,340
Other liabilities		5,742,901			6,042,828
Reserve for bonuses		62,707			27,996
Reserve for bonuses to directors		891			430
Reserve for retirement benefits		84,911			54,693
Reserve for retirement benefits to directors		1,438			935
Reserve for loyalty award credits		7,798			8,154
Reserve for contingent losses		296,471			269,834
Reserves under special laws		1,969			2,163
Deferred tax liabilities		180,485			156,925
Deferred tax liabilities for land revaluation		157,688			157,351
Acceptances and guarantees		7,869,182			7,813,492

Total liabilities		220,979,045			220,399,437

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2013			As of June 30, 2013
Net assets:
Capital stock		2,139,378			2,139,715
Capital surplus		2,172,930			2,173,210
Retained earnings		6,267,976			6,415,472
Treasury stock		(1,929	)		(1,666	)

Total shareholders’ equity		10,578,356			10,726,731

Net unrealized gains (losses) on other securities		1,207,963			990,201
Net deferred gains (losses) on hedging instruments		45,146			1,465
Land revaluation excess		159,952			159,649
Foreign currency translation adjustments		(195,421	)		34,996
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		(59,379	)		(63,092	)

Total accumulated other comprehensive income		1,158,261			1,123,220

Subscription rights to shares		8,884			8,716
Minority interests		1,774,153			1,823,597

Total net assets		13,519,655			13,682,265

Total liabilities and net assets		234,498,701			234,081,703

Mitsubishi UFJ Financial Group, Inc.

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

Consolidated Statements of Income


(in millions of yen)	For the three months ended June 30, 2012		For the three months ended June 30, 2013
Ordinary income		1,200,343		1,317,382
Interest income		547,835		558,555
Interest on loans and bills discounted		376,278		384,617
Interest and dividends on securities		126,590		128,000
Trust fees		21,833		24,935
Fees and commissions		255,743		318,034
Trading income		63,225		82,173
Other business income		251,571		233,104
Other ordinary income		60,134		100,577
Ordinary expenses		859,613		896,735
Interest expenses		129,067		117,204
Interest on deposits		45,355		46,805
Fees and commissions		41,974		47,238
Trading expenses		763		632
Other business expenses		36,127		102,793
General and administrative expenses		536,757		576,111
Other ordinary expenses		114,924		52,756

Ordinary profits		340,729		420,646

Extraordinary gains		2,718		1,374
Gains on disposition of fixed assets		860		1,374
Gains on negative goodwill		339		—
Reversal of reserve for contingent liabilities from financial instruments transactions		68		—
Transfer gains on divestiture of businesses		1,450		—
Extraordinary losses		25,804		28,230
Losses on disposition of fixed assets		1,519		871
Losses on impairment of fixed assets		947		457
Provision for reserve for contingent liabilities from financial instruments transactions		—		193
Settlement package		—		24,537
Losses on sales of equity securities of subsidiaries		—		2,170
Losses on change in equity		23,285		—
Others		51		—

Income before income taxes and others		317,644		393,790

Income taxes-current		29,031		98,062
Income taxes-deferred		74,081		(2,603	)

Total taxes		103,113		95,459

Income before minority interests		214,530		298,331

Minority interests		31,613		43,043

Net income		182,917		255,287

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the three months ended June 30, 2012			For the three months ended June 30, 2013
Income before minority interests		214,530			298,331
Other comprehensive income
Net unrealized gains (losses) on other securities		(155,315	)		(215,401	)
Net deferred gains (losses) on hedging instruments		11,153			(44,884	)
Land revaluation excess		—			(22	)
Foreign currency translation adjustments		113,146			130,986
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		(1,891	)		(3,797	)
Share of other comprehensive income of associates accounted for using equity method		66,217			100,335

Total other comprehensive income		33,309			(32,782	)

Comprehensive income		247,840			265,548

(Comprehensive income attributable to)
Comprehensive income attributable to owners of the parent		215,455			220,527
Comprehensive income attributable to minority interests		32,385			45,020

Mitsubishi UFJ Financial Group, Inc.

(3)	Notes on Going-Concern Assumption

Not applicable

(4)	Notes for Material Changes in Shareholders’ Equity

Not applicable

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2013

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

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

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

4. ROE	[ MUFG Consolidated ]	——	9

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

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

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

(Reference)

Exposure to “Securitized Products and Related Investments”		——	11

(*1)	“MUFG” means Mitsubishi UFJ Financial Group, Inc.

(*2)	“BTMU” means The Bank of Tokyo-Mitsubishi UFJ, Ltd.

(*3)	“MUTB” means Mitsubishi UFJ Trust and Banking Corporation.

(*4)	“BTMU and MUTB Combined” means simple sum of “BTMU” and “MUTB” without consolidation processes.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2013 (A)			June 30, 2012 (B)			Increase (Decrease) (A) - (B)
Gross profits		948.9			932.3			16.6
Gross profits before credit costs for trust accounts		948.9			932.3			16.6
Net interest income		441.3			418.7			22.5
Trust fees		24.9			21.8			3.1
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		270.7			213.7			57.0
Net trading profits		81.5			62.4			19.0
Net other business profits		130.3			215.4			(85.1	)
Net gains (losses) on debt securities		67.5			217.0			(149.5	)
General and administrative expenses		566.5			518.0			48.5
Amortization of goodwill		8.4			7.2			1.1
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		390.7			421.4			(30.7	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		382.3			414.2			(31.8	)
Provision for general allowance for credit losses (2)		14.8			—			14.8
Net business profits*		397.2			414.2			(17.0	)
Net non-recurring gains (losses)		23.4			(73.5	)		96.9
Credit costs (3)		(45.5	)		(31.1	)		(14.4	)
Losses on loan write-offs		(27.3	)		(30.3	)		3.0
Provision for specific allowance for credit losses		(16.3	)		—			(16.3	)
Other credit costs		(1.8	)		(0.7	)		(1.1	)
Reversal of allowance for credit losses (4)		—			2.3			(2.3	)
Reversal of reserve for contingent losses included in credit costs (5)		0.3			1.0			(0.6	)
Gains on loans written-off (6)		14.8			12.8			2.0
Net gains (losses) on equity securities		12.8			(54.5	)		67.3
Gains on sales of equity securities		23.9			14.3			9.6
Losses on sales of equity securities		(3.7	)		(4.3	)		0.5
Losses on write-down of equity securities		(7.3	)		(64.6	)		57.2
Profits (losses) from investments in affiliates		39.6			10.1			29.5
Other non-recurring gains (losses)		1.2			(14.2	)		15.4

Ordinary profits		420.6			340.7			79.9

Net extraordinary gains (losses)		(26.8	)		(23.0	)		(3.7	)
Settlement package		(24.5	)		—			(24.5	)
Losses on change in equity		—			(23.2	)		23.2
Income before income taxes and others		393.7			317.6			76.1
Income taxes-current		98.0			29.0			69.0
Income taxes-deferred		(2.6	)		74.0			(76.6	)
Total taxes		95.4			103.1			(7.6	)
Income before minority interests		298.3			214.5			83.8
Minority interests		43.0			31.6			11.4

Net income		255.2			182.9			72.3


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)		(15.4	)		(14.8	)		(0.6	)

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2013 (A)			June 30, 2012 (B)			Increase (Decrease) (A) - (B)
Gross profits		580.7			644.0			(63.2	)
Gross profits before credit costs for trust accounts		580.7			644.0			(63.2	)
Net interest income		316.1			297.6			18.4
Trust fees		18.2			15.8			2.3
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		119.3			98.5			20.8
Net trading profits		6.1			23.4			(17.2	)
Net other business profits		120.9			208.5			(87.6	)
Net gains (losses) on debt securities		57.1			212.9			(155.7	)
General and administrative expenses		325.6			311.1			14.5
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		255.1			332.9			(77.7	)
Provision for general allowance for credit losses (2)		11.0			5.9			5.1
Net business profits		266.2			338.8			(72.6	)
Net non-recurring gains (losses)		(27.4	)		(103.5	)		76.1
Credit costs (3)		(24.9	)		(15.4	)		(9.5	)
Losses on loan write-offs		(10.9	)		(10.2	)		(0.6	)
Provision for specific allowance for credit losses		(12.1	)		(4.4	)		(7.6	)
Other credit costs		(1.8	)		(0.6	)		(1.2	)
Reversal of allowance for credit losses (4)		2.0			3.7			(1.7	)
Reversal of reserve for contingent losses included in credit costs (5)		1.5			0.5			0.9
Gains on loans written-off (6)		8.0			5.4			2.5
Net gains (losses) on equity securities		(13.1	)		(75.7	)		62.5
Gains on sales of equity securities		14.2			13.2			1.0
Losses on sales of equity securities		(2.8	)		(3.6	)		0.8
Losses on write-down of equity securities		(24.5	)		(85.3	)		60.7
Other non-recurring gains (losses)		(0.8	)		(22.2	)		21.3

Ordinary profits		238.8			235.3			3.4

Net extraordinary gains (losses)		(23.6	)		4.2			(27.8	)
Settlement package		(24.5	)		—			(24.5	)
Gains on liquidation of subsidiaries		—			5.7			(5.7	)
Income before income taxes		215.1			239.5			(24.4	)
Income taxes-current		79.1			6.6			72.4
Income taxes-deferred		(6.2	)		82.0			(88.3	)
Total taxes		72.8			88.7			(15.8	)

Net income		142.2			150.8			(8.5	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(2.2	)		0.4			(2.6	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2013 (A)			June 30, 2012 (B)			Increase (Decrease) (A) - (B)
Gross profits		493.0			553.3			(60.2	)
Net interest income		274.1			260.2			13.9
Net fees and commissions		99.7			80.7			19.0
Net trading profits		18.6			19.4			(0.8	)
Net other business profits		100.4			192.9			(92.4	)
Net gains (losses) on debt securities		51.6			195.8			(144.1	)
General and administrative expenses		281.2			265.2			16.0
Amortization of goodwill		0.0			0.0			0.0
Net business profits before provision for general allowance for credit losses and amortization of goodwill		211.8			288.1			(76.2	)
Net business profits before provision for general allowance for credit losses		211.7			288.0			(76.3	)
Provision for general allowance for credit losses (1)		11.0			5.9			5.1
Net business profits		222.8			294.0			(71.2	)
Net non-recurring gains (losses)		(27.3	)		(99.8	)		72.5
Credit costs (2)		(24.2	)		(14.6	)		(9.5	)
Losses on loan write-offs		(10.3	)		(9.5	)		(0.8	)
Provision for specific allowance for credit losses		(12.1	)		(4.4	)		(7.6	)
Other credit costs		(1.7	)		(0.6	)		(1.1	)
Reversal of allowance for credit losses (3)		—			—			—
Reversal of reserve for contingent losses included in credit costs (4)		1.5			0.5			0.9
Gains on loans written-off (5)		7.9			5.1			2.8
Net gains (losses) on equity securities		(13.4	)		(74.2	)		60.8
Gains on sales of equity securities		11.6			6.0			5.6
Losses on sales of equity securities		(0.8	)		(2.9	)		2.0
Losses on write-down of equity securities		(24.2	)		(77.3	)		53.1
Other non-recurring gains (losses)		0.8			(16.5	)		17.4

Ordinary profits		195.4			194.1			1.3

Net extraordinary gains (losses)		(23.6	)		4.3			(27.9	)
Settlement package		(24.5	)		—			(24.5	)
Gains on liquidation of subsidiaries		—			5.7			(5.7	)
Income before income taxes		171.8			198.4			(26.6	)
Income taxes-current		67.3			1.7			65.5
Income taxes-deferred		(4.1	)		78.4			(82.5	)
Total taxes		63.2			80.2			(17.0	)

Net income		108.5			118.1			(9.5	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(3.6	)		(3.0	)		(0.6	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2013 (A)			June 30, 2012 (B)			Increase (Decrease) (A) - (B)
Gross profits		87.7			90.7			(2.9	)
Gross profits before credit costs for trust accounts		87.7			90.7			(2.9	)
Trust fees		18.2			15.8			2.3
Credit costs for trust accounts (1)		—			—			—
Net interest income		41.9			37.4			4.5
Net fees and commissions		19.6			17.8			1.8
Net trading profits		(12.4	)		3.9			(16.4	)
Net other business profits		20.4			15.6			4.7
Net gains (losses) on debt securities		5.5			17.0			(11.5	)
General and administrative expenses		44.3			45.8			(1.4	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		43.3			44.8			(1.4	)
Provision for general allowance for credit losses (2)		—			—			—
Net business profits		43.3			44.8			(1.4	)
Net non-recurring gains (losses)		(0.0	)		(3.6	)		3.5
Credit costs (3)		(0.6	)		(0.7	)		0.0
Losses on loan write-offs		(0.5	)		(0.7	)		0.1
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(0.0	)		—			(0.0	)
Reversal of allowance for credit losses (4)		2.0			3.7			(1.7	)
Reversal of reserve for contingent losses included in credit costs (5)		—			0.0			(0.0	)
Gains on loans written-off (6)		0.0			0.3			(0.2	)
Net gains (losses) on equity securities		0.2			(1.4	)		1.7
Gains on sales of equity securities		2.6			7.2			(4.5	)
Losses on sales of equity securities		(1.9	)		(0.7	)		(1.2	)
Losses on write-down of equity securities		(0.3	)		(7.9	)		7.5
Other non-recurring gains (losses)		(1.7	)		(5.6	)		3.9

Ordinary profits		43.3			41.2			2.1

Net extraordinary gains (losses)		0.0			(0.0	)		0.0
Income before income taxes		43.3			41.1			2.1
Income taxes-current		11.7			4.8			6.9
Income taxes-deferred		(2.1	)		3.5			(5.7	)
Total taxes		9.6			8.4			1.1

Net income		33.7			32.6			1.0


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		1.4			3.4			(2.0	)

Mitsubishi UFJ Financial Group, Inc.

2. Non Performing Loans Based on the Financial Reconstruction Law

BTMU and MUTB Combined including Trust Account


	(in billions of yen)
	As of June 30, 2013			As of March 31, 2013
Bankrupt or De facto Bankrupt		133.1			134.3
Doubtful		980.3			1,009.8
Special Attention		515.9			552.6
Non Performing Loans		1,629.4			1,696.8

Total loans		95,219.8			94,261.7
Non Performing Loans / Total loans		1.71	%		1.80	%

BTMU Non-consolidated

	(in billions of yen)
	As of June 30, 2013			As of March 31, 2013
Bankrupt or De facto Bankrupt		129.9			131.4
Doubtful		936.3			963.1
Special Attention		495.0			533.1
Non Performing Loans		1,561.3			1,627.6

Total loans		83,711.5			82,623.9
Non Performing Loans / Total loans		1.86	%		1.96	%

MUTB Non-consolidated

	(in billions of yen)
	As of June 30, 2013			As of March 31, 2013
Bankrupt or De facto Bankrupt		3.0			2.8
Doubtful		42.7			46.5
Special Attention		20.0			19.0
Non Performing Loans		65.9			68.5

Total loans		11,470.4			11,598.3
Non Performing Loans / Total loans		0.57	%		0.59	%

MUTB Non-consolidated: Trust Account

	(in billions of yen)
	As of June 30, 2013			As of March 31, 2013
Bankrupt or De facto Bankrupt		0.0			0.0
Doubtful		1.2			0.1
Special Attention		0.8			0.4
Non Performing Loans		2.1			0.6

Total loans		37.8			39.4
Non Performing Loans / Total loans		5.68	%		1.65	%

Mitsubishi UFJ Financial Group, Inc.

3. Securities

MUFG Consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, beneficiary rights to the trust in “Monetary claims bought” and others in addition to “Securities”.

(in billions of yen)

As of June 30, 2013

As of March 31, 2013

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Debt securities being held to maturity

2,167.5

51.1

2,180.1

53.6

(in billions of yen)

As of June 30, 2013

As of March 31, 2013

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Other securities

68,625.3

1,516.9

77,091.8

1,885.1

Domestic equity securities

4,189.0

1,345.2

3,896.5

1,046.0

Domestic bonds

42,978.7

99.6

51,473.0

371.5

Other

21,457.6

72.0

21,722.2

467.5

Foreign equity securities

207.7

89.3

209.1

94.6

Foreign bonds

18,667.3

(37.0

)

18,381.4

305.2

Other

2,582.6

19.7

3,131.6

67.7

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, beneficiary rights to the trust in “Monetary claims bought” and others in addition to “Securities”.

(in billions of yen)

As of June 30, 2013

As of March 31, 2013

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

1,524.7

49.3

1,449.3

49.6

Stocks of subsidiaries and affiliates

134.3

16.2

77.1

27.0

(in billions of yen)

As of June 30, 2013

As of March 31, 2013

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Other securities

55,489.3

1,024.5

60,949.6

1,276.7

Domestic equity securities

3,369.2

949.8

3,128.8

701.6

Domestic bonds

37,456.9

67.2

44,334.0

292.9

Other

14,663.1

7.3

13,486.8

282.1

Foreign equity securities

206.5

86.8

207.1

92.5

Foreign bonds

12,450.7

(91.2

)

10,820.3

116.5

Other

2,005.8

11.7

2,459.3

73.0

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, beneficiary rights to the trust in “Monetary claims bought” in addition to “Securities”.

(in billions of yen)

As of June 30, 2013

As of March 31, 2013

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

444.0

1.8

538.1

3.2

Stocks of subsidiaries and affiliates

57.7

79.5

57.7

88.1

(in billions of yen)

As of June 30, 2013

As of March 31, 2013

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Other securities

10,225.3

378.7

13,625.7

480.8

Domestic equity securities

839.3

295.8

785.7

242.7

Domestic bonds

5,361.4

23.2

6,908.0

71.8

Other

4,024.5

59.5

5,932.0

166.2

Foreign equity securities

0.5

0.1

0.4

0.1

Foreign bonds

3,705.5

45.5

5,476.1

162.3

Other

318.4

13.9

455.4

3.7

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the three months ended June 30, 2013		For the three months ended June 30, 2012
ROE		9.85		7.79

Note:

ROE is computed as follows:


(Net income × 4) - Equivalent of annual dividends on nonconvertible preferred stocks			×100
{(Total shareholders’ equity at the beginning of the period - Number of nonconvertible preferred stocks at the beginning of the period × Issue price + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period - Number of nonconvertible preferred stocks at the end of the period × Issue price + Foreign currency translation adjustments at the end of the period)} / 2

5. Average Interest Rate Spread

BTMU and MUTB Combined

(Domestic business segment)


	(percentage per annum)
	For the three months ended June 30, 2013		For the three months ended June 30, 2012
Average interest rate on loans and bills discounted		1.11		1.24
Average interest rate on deposits and NCD		0.06		0.07
Interest rate spread		1.05		1.16

(After excluding loans to the Japanese government and governmental organizations)

	(percentage per annum)
Average interest rate on loans and bills discounted		1.25		1.36
Interest rate spread		1.19		1.29

6. Loans and Deposits

BTMU and MUTB Combined

	(in billions of yen)
	As of June 30, 2013		As of March 31, 2013
Deposits (ending balance)		125,240.7		123,934.4
Deposits (average balance)		123,796.3		120,065.7
Loans (ending balance)		86,230.6		85,378.3
Loans (average balance)		86,166.0		83,070.8

	(in billions of yen)
	As of June 30, 2013		As of March 31, 2013
Domestic deposits (ending balance)*		110,964.9		110,995.7
Individuals		68,445.6		67,342.8

Note:

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

Mitsubishi UFJ Financial Group, Inc.

7. Statements of Trust Assets and Liabilities

MUTB Non-consolidated

Including trust assets under service-shared co-trusteeship


(in billions of yen)	As of March 31, 2013		As of June 30, 2013
Assets:
Loans and bills discounted		103.6		104.9
Securities		52,034.3		51,708.0
Beneficiary rights to the trust		34,923.4		38,108.2
Securities held in custody accounts		3,061.0		3,242.6
Monetary claims		12,287.3		11,929.9
Tangible fixed assets		9,436.6		9,443.1
Intangible fixed assets		122.1		121.1
Other claims		3,931.1		3,704.2
Call loans		1,594.6		1,519.9
Due from banking account		1,491.5		1,437.3
Cash and due from banks		1,734.9		1,843.1

Total		120,720.9		123,162.6

Liabilities:
Money trusts		19,503.7		18,883.8
Pension trusts		12,352.9		12,744.4
Property formation benefit trusts		11.8		10.8
Investment trusts		34,238.6		37,411.8
Money entrusted other than money trusts		2,367.3		2,532.0
Securities trusts		4,348.9		4,292.0
Monetary claim trusts		12,457.5		12,087.0
Equipment trusts		28.0		31.1
Land and fixtures trusts		84.5		84.5
Composite trusts		35,327.2		35,084.7

Total		120,720.9		123,162.6

Note:

The table shown above includes master trust assets under the service-shared co-trusteeship between MUTB and The Master Trust Bank of Japan, Ltd.

Mitsubishi UFJ Financial Group, Inc.

(Reference)

Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of June 30, 2013 is outlined below. (Figures are on a managerial basis and rounded off to the billion yen)

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

•

The balance as of the end of June 2013 increased to ¥2.62 trillion in total, an increase of ¥0.18 trillion compared with the balance as of the end of March 2013, mainly due to an increase in highly rated CLOs and CMBS.

•

Net unrealized losses were ¥18 billion, increased by ¥17 billion compared to the end of March 2013.

•

P/L impact for the quarter ended June 30, 2013 was approximately ¥1 billion.


		(¥bn)
													of which securities being held to maturity²
		Balance¹		Change from end of March 2013			Net unrealized gains (losses)			Change from end of March 2013			Balance		Net unrealized gains (losses)
1	RMBS		35		(3	)		3			(1	)		0		0
2	Sub-prime RMBS		0		(2	)		0			(1	)		0		0
3	CMBS		385		56			(15	)		(21	)		0		0
4	CLOs		2,133		128			(8	)		5			1,538		(3	)
5	Other securitized products (card, etc.)		70		1			0			0			17		0
6	CDOs		2		0			0			0			0		0
7	Sub-prime ABS CDOs		0		0			0			0			0		0
8	SIV		0		0			1			0			0		0

9	Total		2,624		182			(18	)		(17	)		1,556		(4	)

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

The above table does not include mortgage-backed securities arranged and guaranteed by U.S. government sponsored enterprises, etc., Japanese RMBS such as Japanese Housing Finance Agency securities, and products held by funds such as investment trusts. These are also applicable to the tables in this document.

Following the publication of “Tentative Solution on Reclassification of Debt Securities” (Practical Issue Task Force No.26, The Accounting Standards Board of Japan, December 5, 2008), some of our securitized products were reclassified into “securities being held to maturity” from “securities available for sale” at and after the end of January 2009. The balance and net unrealized gains (losses) of the securities being held to maturity in the above table are based on book value before reclassification.

[Distribution by rating]

•

AAA-rated products accounted for 76% of our investments in securitized products, an increase of 2% compared with the end of March 2013, mainly due to an increase in highly rated CLOs and CMBS.

•

AAA and AA-rated products accounted for 95% of our investments in securitized products.


		(¥bn)
		AAA			AA			A			BBB			BB or lower			Unrated			Total
10	RMBS		2			4			4			15			11			0			35
11	Sub-prime RMBS		0			0			0			0			0			0			0
12	CMBS		211			174			0			0			0			0			385
13	CLOs		1,746			304			54			29			0			0			2,133
14	Other securitized products (card, etc.)		37			22			1			6			1			2			70
15	CDOs		0			0			0			0			2			0			2
16	Sub-prime ABS CDOs		0			0			0			0			0			0			0
17	SIV		0			0			0			0			0			0			0

18	Total		1,996			504			59			50			14			2			2,624

19	Percentage of total		76	%		19	%		2	%		2	%		1	%		0	%		100	%
20	Percentage of total (End of March 2013)		74	%		20	%		3	%		2	%		1	%		0	%		100	%

Mitsubishi UFJ Financial Group, Inc.

[Credit exposure related to leveraged loan]

•

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

•

The following table shows the balances of LBO loans as of the end of June 2013.


		(¥bn)
		Americas		Europe		Asia		Japan		Total		Change from end of March 2013
1	LBO Loan³(Balance on a commitment basis)		21		101		3		189		314		1
2	Balance on a booking basis		7		83		3		162		254		(17	)

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

[Special Purpose Entities (SPEs)]

•

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

•

The balance of assets purchased by ABCP conduits (special purpose companies for issuing ABCP) as of the end of June 2013 was ¥3.78 trillion (¥1.55 trillion overseas).

•

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

End


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
SIVs	:	Investment companies established mainly for gaining profit margin by raising funds through subordinated notes and short-term CPs, etc. and investing in relatively long-term securitized products and bonds, etc.
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