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 Private Issuer

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

the Securities Exchange Act of 1934

For the month of July 2014

Commission File No. 000-54189

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 office)

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 if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(7):

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 18, 2014


Mitsubishi UFJ Financial Group, Inc.

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

Consolidated Summary Report

For the Fiscal Year Ended March 31, 2014


Date:		July 18, 2014
Company name (code number):		Mitsubishi UFJ Financial Group, Inc. (8306)
		(URL http://www.mufg.jp/)
Stock exchange listings:		Tokyo, Nagoya, New York
Representative:		Nobuyuki Hirano, President & CEO
For inquiry:		Hiroshi Fukunaga, General Manager-Financial Planning Division, Financial Accounting Office
		(Phone) +81-3-3240-3110

Consolidated financial data for the fiscal year ended March 31, 2014

(1) Operating results


	(in millions of yen, except per share data)
	For the fiscal years ended March 31,
	2014		2013

Total revenue		4,343,364		4,495,430

Income before income tax expense		1,420,443		1,415,871

Net income attributable to Mitsubishi UFJ Financial Group		1,015,393		1,069,124

Basic earnings per common share — net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		70.21		74.30

Diluted earnings per common share — net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		69.98		74.16

Comprehensive income attributable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2014 and 2013 were ¥1,798,728 million and ¥2,239,871 million, respectively.

Notes:

1. Average number of shares outstanding


			(in thousands of shares)
	For the fiscal years ended March 31,
	2014		2013
Common stock		14,158,698		14,148,060

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.”

(2) Financial condition


			(in millions of yen)
	As of March 31,
	2014		2013
Total assets		253,661,077		230,559,276

Total Mitsubishi UFJ Financial Group shareholders’ equity		12,205,040		10,608,795

(3) Cash flows


				(in millions of yen)
	For the fiscal years ended March 31,
	2014			2013
Net cash provided by (used in) operating activities		909,448			(2,164,910	)
Net cash used in investing activities		(12,401,827	)		(1,800,255	)
Net cash provided by financing activities		11,475,095			4,291,533
Cash and cash equivalents at end of period		3,689,228			3,619,253

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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 disclosures regarding provision for credit losses, valuation of financial assets and realizability of the deferred tax assets are based on assumptions and other estimates such as economic factors, our business plans and performance, and other factors. There exist a number of factors that may lead to uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economies, fluctuations in interest rates, foreign currency exchange rates and stock prices, and legal proceedings 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)	2014			2013
Assets:
Cash and due from banks		3,689,228			3,619,253
Interest-earning deposits in other banks		20,500,676			8,111,887
Call loans and funds sold		919,132			618,596
Receivables under resale agreements		7,300,037			5,659,512
Receivables under securities borrowing transactions		4,210,057			2,615,172
Trading account assets		40,646,275			40,826,384
Investment securities:
Securities available-for-sale—carried at fair value		51,885,652			58,844,069
Securities being held-to-maturity—carried at amortized cost		2,706,982			2,131,164
Other investment securities		737,617			889,952

Total investment securities		55,330,251			61,865,185

Loans, net of unearned income, unamortized premiums and deferred loan fees		110,276,411			98,590,229
Allowance for credit losses		(1,094,420	)		(1,335,987	)

Net loans		109,181,991			97,254,242

Premises and equipment—net		1,236,648			1,059,054
Accrued interest		277,222			255,192
Customers’ acceptance liability		126,838			90,216
Intangible assets—net		1,133,354			866,153
Goodwill		728,515			417,956
Deferred tax assets		362,267			514,679
Other assets		8,018,586			6,785,795

Total assets		253,661,077			230,559,276

Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing		16,644,469			15,327,957
Interest-bearing		104,860,603			103,003,820
Overseas offices:
Non-interest-bearing		4,478,271			3,481,750
Interest-bearing		36,534,443			26,396,212

Total deposits		162,517,786			148,209,739

Call money and funds purchased		3,417,455			4,010,582
Payables under repurchase agreements		21,268,072			15,700,394
Payables under securities lending transactions		5,520,718			3,992,950
Due to trust account		750,210			633,029
Other short-term borrowings		11,106,071			11,608,598
Trading account liabilities		11,981,978			14,969,482
Obligations to return securities received as collateral		3,971,454			3,034,547
Bank acceptances outstanding		126,838			90,216
Accrued interest		143,362			136,712
Long-term debt		14,498,678			12,182,358
Other liabilities		5,607,011			5,048,689

Total liabilities		240,909,633			219,617,296

Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock:
Preferred stock		442,100			442,100
Common stock		1,647,145			1,646,035
Capital surplus		6,363,413			6,348,133
Retained earnings:
Appropriated for legal reserve		239,571			239,571
Unappropriated retained earnings		2,157,639			1,361,620
Accumulated other comprehensive income (loss), net of taxes		1,357,682			574,347
Treasury stock, at cost		(2,510	)		(3,011	)

Total Mitsubishi UFJ Financial Group shareholders’ equity		12,205,040			10,608,795
Noncontrolling interests		546,404			333,185

Total equity		12,751,444			10,941,980

Total liabilities and equity		253,661,077			230,559,276

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Income


	For the fiscal years ended March 31,
(in millions of yen)	2014			2013
Interest income:
Loans, including fees		1,663,742			1,577,770
Deposits in other banks		47,056			27,304
Investment securities:
Interest		229,732			266,640
Dividends		112,605			104,187
Trading account assets		407,415			394,788
Call loans and funds sold		10,074			7,046
Receivables under resale agreements and securities borrowing transactions		51,659			49,786

Total		2,522,283			2,427,521

Interest expense:
Deposits		226,655			212,067
Call money and funds purchased		6,841			6,961
Payables under repurchase agreements and securities lending transactions		39,329			56,862
Due to trust account		519			665
Other short-term borrowings and trading account liabilities		57,501			52,342
Long-term debt		230,127			227,521

Total		560,972			556,418

Net interest income		1,961,311			1,871,103
Provision (credit) for credit losses		(106,371	)		144,542

Net interest income after provision (credit) for credit losses		2,067,682			1,726,561

Non-interest income:
Fees and commissions income		1,294,116			1,160,874
Foreign exchange losses —net		(61,755	)		(38,955	)
Trading account profits (losses)—net		(33,886	)		570,276
Investment securities gains—net		303,520			155,957
Equity in earnings of equity method investees—net		110,520			60,210
Gains on sales of loans		17,680			14,773
Government grant for transfer of substitutional portion of Employees’ Pension Fund Plans		115,210			—
Other non-interest income		75,676			144,774

Total		1,821,081			2,067,909

Non-interest expense:
Salaries and employee benefits		1,029,580			932,399
Occupancy expenses—net		158,393			151,138
Fees and commission expenses		222,038			209,782
Outsourcing expenses, including data processing		216,737			198,134
Depreciation of premises and equipment		103,714			94,035
Amortization of intangible assets		198,147			207,568
Impairment of intangible assets		312			3,378
Insurance premiums, including deposit insurance		101,135			98,711
Communications		50,868			47,095
Taxes and public charges		69,457			66,862
Other non-interest expenses		317,939			369,497

Total		2,468,320			2,378,599

Income before income tax expense		1,420,443			1,415,871
Income tax expense		337,917			296,020

Net income before attribution of noncontrolling interests		1,082,526			1,119,851
Net income attributable to noncontrolling interests		67,133			50,727

Net income attributable to Mitsubishi UFJ Financial Group		1,015,393			1,069,124

Income allocable to preferred shareholders:
Cash dividends paid		17,940			17,940
Changes in a foreign affiliated company’s interests in its subsidiary		3,301			—

Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		994,152			1,051,184


(in yen)
Earnings per common share applicable to common shareholders of Mitsubishi UFJ Financial Group:
Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		70.21			74.30
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		69.98			74.16

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income


	For the fiscal years ended March 31,
(in millions of yen)	2014			2013
Net income before attribution of noncontrolling interests		1,082,526			1,119,851
Other comprehensive income (loss), net of tax
Net unrealized holding gains on investment securities		141,519			628,470
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges		(361	)		3,423
Defined benefit plans		117,648			79,997
Foreign currency translation adjustments		508,130			467,259

Total other comprehensive income		766,936			1,179,149

Comprehensive income		1,849,462			2,299,000

Net income attributable to noncontrolling interests		67,133			50,727
Other comprehensive income (loss) attributable to noncontrolling interests		(16,399	)		8,402

Comprehensive income attributable to Mitsubishi UFJ Financial Group		1,798,728			2,239,871

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


	As of March 31,
(in millions of yen)	2014		2013
Nonaccrual loans:
Domestic:
Manufacturing		167,962		213,181
Construction		30,202		37,530
Real estate		154,766		205,959
Services		72,851		87,103
Wholesale and retail		212,356		250,241
Banks and other financial institutions		7,234		13,993
Communication and information services		24,956		32,125
Other industries		36,861		43,585
Consumer		227,476		269,641

Total domestic		934,664		1,153,358

Foreign:
Governments and official institutions		43		66
Banks and other financial institutions		24,091		21,814
Commercial and industrial		87,808		87,628
Other		68,840		32,247

Total foreign		180,782		141,755

Total		1,115,446		1,295,113

Restructured loans:
Domestic		718,027		847,728
Foreign		153,204		138,119

Total		871,231		985,847

Accruing loans contractually past due 90 days or more:
Domestic		47,759		41,216
Foreign		961		328

Total		48,720		41,544

Total		2,035,397		2,322,504

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