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 January 2015

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: January 22, 2015


Mitsubishi UFJ Financial Group, Inc.

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

Interim Consolidated Summary Report

For the Fiscal Year Ending March 31, 2015


Date:		January 22, 2015
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 six months ended September 30, 2014

(1) Operating results


		(in millions of yen, except per share data)


	For the six months ended September 30,
	2014	2013
Total revenue	2,865,991	1,929,399
Income before income tax expense	1,273,959	530,411
Net income attributable to Mitsubishi UFJ Financial Group	838,296	383,314
Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)	58.55	26.21
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)	58.35	26.10

Comprehensive income attributable to Mitsubishi UFJ Financial Group for the six months ended September 30, 2014 and 2013 were ¥1,287,757 million and ¥820,313 million, respectively.

Notes:

1. Average number of shares outstanding

(in thousands of shares)



	For the six months ended September 30,
	2014	2013
Common stock	14,163,257	14,157,332

2. “Basic earnings per common share” and “Diluted earnings per common share” are based on “Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group.”

(2) Financial condition

(in millions of yen)



	As of September 30, 2014	As of March 31, 2014
Total assets	260,014,355	253,661,077
Total Mitsubishi UFJ Financial Group shareholders’ equity	12,967,812	12,205,040

(3) Cash flows

(in millions of yen)



	For the six months ended September 30,
	2014	2013
Net cash provided by operating activities	869,579	1,821,992
Net cash used in investing activities	(2,054,938)	(6,124,115)
Net cash provided by financing activities	915,968	4,113,395
Cash and cash equivalents at end of period	3,412,708	3,483,533

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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 “Semiannual U.S. GAAP Report”) 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 Semiannual U.S. GAAP Report 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 Semiannual U.S. GAAP Report 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, 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, 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, 2014			As of March 31, 2014
Assets:
Cash and due from banks		3,412,708			3,689,228
Interest-earning deposits in other banks		28,534,929			20,500,676
Call loans, funds sold, and receivables under resale agreements		6,918,062			8,219,169
Receivables under securities borrowing transactions		4,335,157			4,210,057
Trading account assets		39,141,337			40,646,275
Investment securities:
Available-for-sale securities—carried at fair value		51,169,368			51,885,652
Held-to-maturity securities—carried at amortized cost		3,456,827			2,706,982
Other investment securities		747,649			737,617

Total investment securities		55,373,844			55,330,251

Loans, net of unearned income, unamortized premiums and deferred loan fees		111,194,207			110,276,411
Allowance for credit losses		(940,888	)		(1,094,420	)

Net loans		110,253,319			109,181,991

Premises and equipment—net		1,204,349			1,236,648
Accrued interest		285,226			277,222
Customers’ acceptance liability		220,035			126,838
Intangible assets—net		1,122,826			1,133,354
Goodwill		709,260			728,515
Deferred tax assets		73,126			362,267
Other assets		8,430,177			8,018,586

Total assets		260,014,355			253,661,077

Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing		16,527,631			16,644,469
Interest-bearing		105,624,258			104,860,603
Overseas offices, principally interest-bearing		41,490,758			41,012,714

Total deposits		163,642,647			162,517,786

Call money, funds purchased, and payables under repurchase agreements		22,102,591			24,685,527
Payables under securities lending transactions		7,053,971			5,520,718
Due to trust account and other short-term borrowings		11,864,008			11,856,281
Trading account liabilities		14,191,216			11,981,978
Obligations to return securities received as collateral		3,505,355			3,971,454
Bank acceptances outstanding		220,035			126,838
Accrued interest		128,270			143,362
Long-term debt		17,945,900			14,498,678
Other liabilities		5,849,851			5,607,011

Total liabilities		246,503,844			240,909,633

Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock		2,090,206			2,089,245
Capital surplus		5,973,866			6,363,413
Retained earnings:
Appropriated for legal reserve		239,571			239,571
Unappropriated retained earnings		2,859,520			2,157,639
Accumulated other comprehensive income, net of taxes		1,807,143			1,357,682
Treasury stock, at cost		(2,494	)		(2,510	)

Total Mitsubishi UFJ Financial Group shareholders’ equity		12,967,812			12,205,040
Noncontrolling interests		542,699			546,404

Total equity		13,510,511			12,751,444

Total liabilities and equity		260,014,355			253,661,077

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Income (Unaudited)


	For the six months ended September 30,
(in millions of yen)	2014			2013
Interest income:
Loans, including fees		973,824			817,510
Deposits in other banks		29,934			20,386
Investment securities		188,482			179,037
Trading account assets		206,135			187,493
Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions		34,834			31,511

Total		1,433,209			1,235,937

Interest expense:
Deposits		151,105			107,618
Call money, funds purchased, and payables under repurchase agreements and securities lending transactions		27,284			21,946
Due to trust account, other short-term borrowings, and trading account liabilities		31,569			27,787
Long-term debt		121,866			112,164

Total		331,824			269,515

Net interest income		1,101,385			966,422
Credit for credit losses		68,138			60,229

Net interest income after credit for credit losses		1,169,523			1,026,651

Non-interest income:
Fees and commissions income		672,050			639,422
Foreign exchange losses—net		(42,982	)		(35,659	)
Trading account profits (losses)—net		562,518			(192,113	)
Investment securities gains—net		63,232			129,961
Equity in earnings of equity method investees—net		121,538			87,151
Other non-interest income		56,426			64,700

Total		1,432,782			693,462

Non-interest expense:
Salaries and employee benefits		534,889			496,784
Occupancy expenses—net		82,643			78,619
Fees and commission expenses		118,546			111,437
Outsourcing expenses, including data processing		121,568			105,052
Depreciation of premises and equipment		54,525			49,358
Amortization of intangible assets		107,308			99,550
Impairment of intangible assets		108			133
Insurance premiums, including deposit insurance		57,200			50,445
Communications		26,721			24,924
Taxes and public charges		47,560			34,523
Other non-interest expenses		177,278			138,877

Total		1,328,346			1,189,702

Income before income tax expense		1,273,959			530,411
Income tax expense		409,999			99,411

Net income before attribution of noncontrolling interests		863,960			431,000
Net income attributable to noncontrolling interests		25,664			47,686

Net income attributable to Mitsubishi UFJ Financial Group		838,296			383,314

Income allocated to preferred shareholders:
Cash dividends paid		8,970			8,970
Changes in a foreign affiliated company’s interests in its subsidiary		—			3,301

Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		829,326			371,043


(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		58.55			26.21
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		58.35			26.10

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income (Unaudited)


	For the six months ended September 30,
(in millions of yen)	2014		2013
Net income before attribution of noncontrolling interests		863,960		431,000
Other comprehensive income (loss), net of tax:
Net unrealized gains on investment securities		442,705		133,548
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges		1,538		(12	)
Defined benefit plans		15,146		17,677
Foreign currency translation adjustments		2,942		284,255

Total		462,331		435,468

Comprehensive income		1,326,291		866,468

Net income attributable to noncontrolling interests		25,664		47,686
Other comprehensive income (loss) attributable to noncontrolling interests		12,870		(1,531	)

Comprehensive income attributable to Mitsubishi UFJ Financial Group		1,287,757		820,313


Loans (Unaudited)
(in millions of yen)	As of September 30, 2014		As of March 31, 2014
Impaired loans		1,696,920		1,861,027
Other than impaired loans		109,497,287		108,415,384

Total		111,194,207		110,276,411


Allowance for credit losses (Unaudited)
(in millions of yen)	As of September 30, 2014		As of March 31, 2014
Related to impaired loans		605,866		750,321
Related to other than impaired loans		335,022		344,099

Total		940,888		1,094,420

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