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 November 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: November 27, 2015

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Yasuo Matsumoto

Name:   Yasuo Matsumoto
Title:  

Chief Manager

Documentation & Corporate Secretary Department

Corporate Administration Division

English Translation of Excerpts from Quarterly Securities Report Filed in Japan

This document is an English translation of selected information included in the Quarterly Securities Report for the quarter ended September 30, 2015 filed by Mitsubishi UFJ Financial Group, Inc. (“MUFG” or “we”) with the Kanto Local Financial Bureau, the Ministry of Finance of Japan, on November 27, 2015 (the “Quarterly Securities Report”).

The Quarterly Securities Report has been prepared and filed in Japan in accordance with applicable Japanese disclosure requirements as well as generally accepted accounting principles in Japan (“J-GAAP”). There are significant differences between J-GAAP and U.S. GAAP. In addition, the Quarterly Securities Report is intended to update prior disclosures filed by MUFG in Japan and discusses selected recent developments in the context of those prior disclosures. Accordingly, the Quarterly Securities Report may not contain all of the information that is important to you. For a more complete discussion of the background to information provided in the Quarterly Securities Report disclosure, please see our annual report on Form 20-F for the fiscal year ended March 31, 2015 and the other reports filed with or submitted to the U.S. Securities and Exchange Commission by MUFG.

Risks Relating to Our Business

We describe below the major developments and changes since the filing on June 25, 2015, in Japan of our annual securities report for the fiscal year ended March 31, 2015, that we believe may have a material impact on your investment decision with respect to the risks to our business and other risks. The discussion below contains forward-looking statements, which, unless specifically described otherwise, reflect our understanding as of the date of filing of the Quarterly Securities Report.

The numbering of the subheading of the risk disclosure below corresponds to the numbering of the subheading of the same risk disclosure in “Risks Relating to Our Business” in our most recent annual securities report filed in Japan.

18. Risks relating to competitive pressures

Competition in the Japanese financial services industry may intensify as regional financial institutions further integrate and reorganize their operations and Japan Post Holdings Co., Ltd. and its two financial subsidiaries listed their respective shares on the Tokyo Stock Exchange in November 2015. Competition in financial markets outside of Japan are also expected to increase as U.S. and European financial institutions regain their competitive strength, while local financial institutions in Asia grow their business. In addition, recent advances in information and communication technology have allowed non-financial institutions to enter the financial services industry, and such new entrants could become substantial competition to us. The ongoing global financial regulatory reforms may also lead to changes in the competitive environment for financial institutions. If we are unable to compete effectively in the increasingly competitive business environment, our business, financial condition and results of operations may be adversely affected.

Business Segment Information

1. Summary of Reporting Segment

MUFG’s reporting segments are business units of MUFG for which separate financial information is available and which its executive committee regularly reviews to make decisions regarding allocation of management resources and evaluate performance.

MUFG engages in a wide range of sophisticated financial businesses through its group companies that include commercial banks, trust banks, securities companies, credit card companies and consumer finance companies. MUFG operates under an integrated business group system comprising five core business areas — Retail, Corporate, Global Business, Trust Assets and Global Markets — designed to enhance its operations as an integrated group. Managing its group companies under this system, MUFG provides value-added financial products and services to customers in a timely manner.

 

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MUFG’s group companies are managed using a matrix framework consisting of several business segments identified based on the integrated business group system as well as through individual group companies. To assist appropriate assessment of MUFG’s future cash flow forecasts, MUFG has identified as its reporting segments the following core entities (on a consolidated basis), each operating in a different industry and regulatory environment:

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) — Banking

Mitsubishi UFJ Trust and Banking Corporation (MUTB) — Banking and trust banking

Mitsubishi UFJ Securities Holdings Co., Ltd. (MUSHD) — Securities

Consumer Finance Subsidiaries (CFS) — Credit card and consumer finance (*)

 

  (*) Consumer finance subsidiaries include Mitsubishi UFJ NICOS Co., Ltd. and ACOM CO., LTD.

Starting this six-month period ended September 30, 2015, a subsidiary engaged in the securities business, which was previously included in the BTMU segment, is included in the MUSHD segment. This subsidiary of BTMU became a subsidiary of MUSHD on April 1, 2015, and is currently managed as part of MUSHD.

In addition, starting this six-month period ended September 30, 2015, a subsidiary engaged in the asset management business, which was previously included in the MUSHD segment, is included in the MUTB segment. This subsidiary of MUSHD merged with a subsidiary of MUTB on July 1, 2015, and is currently managed as part of MUTB.

The segment information for the six months ended September 30, 2014 has been restated to reflect the foregoing changes in reporting segments.

 

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2. Information on Ordinary Income (Losses), Net Income (Losses), Total Assets and Other Financial Items for Each Reporting Segment

Previous Year Interim Financial Reporting Period (from April 1, 2014 to September 30, 2014)

 

     (in millions of yen)  
     BTMU      MUTB      MUSHD      CFS      Others     Total      Adjustments     Consolidated  

Ordinary Income

      1,939,875         342,071         236,936         238,313         292,291        3,049,488         (287,947 )      2,761,541   

Interest Income

      1,105,205         109,789         20,578         97,202         277,389        1,610,165         (286,608 )      1,323,557   

Profits from Investment in Affiliates (Equity Method)

      13,549         4,851         5,650         150         —          24,202         79,732        103,934   

From Customers

      1,903,109         333,483         219,065         221,179         84,703        2,761,541         —          2,761,541   

From Internal Transactions

      36,765         8,587         17,871         17,133         207,588        287,947         (287,947 )      —     

Net Income

      402,763         89,190         23,771         32,822         263,712        812,261         (233,545 )      578,716   

Total Assets

      203,314,843         35,820,380         28,806,812         4,130,902         12,007,925        284,080,864         (19,622,677 )      264,458,187   

Other Items

                      

Depreciation

      105,131         15,670         7,255         11,443         801        140,301         1,745        142,046   

Amortization of Goodwill

      7,177         458         479         492         —          8,607         (1,062 )      7,544   

Interest Expenses

      232,412         29,618         21,319         12,134         14,369        309,854         (22,026 )      287,828   

Extraordinary Profits

      1,111         9,177         4         9         0        10,302         (1 )      10,300   

Extraordinary Losses

      40,474         4,711         683         105         5        45,979         33,291        79,271   

Losses on Impairment of Fixed Assets

      689         2,950         148         —           —          3,789         —          3,789   

Tax Expenses

      182,689         36,875         17,079         1,149         (467 )      237,326         5,215        242,542   

Unamortized Goodwill

      255,933         16,865         17,503         7,936         —          298,239         (28,496 )      269,742   

Total Investment in Equity Method Affiliates

      260,614         120,921         241,870         4,674         823,689        1,451,770         683,811        2,135,582   

Increase in Tangible and Intangible Fixed Assets

      133,330         15,092         11,458         16,505         2,444        178,831         —          178,831   

Notes:

 

1. Ordinary income, interest income and interest expenses used in the above table are equivalent to revenues, interest income and interest expenses, respectively, generally used by Japanese non-financial companies.
2. “Others” includes MUFG and other companies.
3. Net income for “Others” includes 244,441 million yen of dividends from MUFG’s subsidiaries and affiliates.
4. Adjustments on interest income include deduction of dividend income from affiliated companies received by MUFG.
5. Adjustments on net income include elimination of inter-segment transactions of 299,063 million yen and 65,518 million yen of net profit representing the amounts that are not allocated among segments consisting of profits (losses) from investment in affiliates (equity method), amortization of goodwill, tax expenses and profits attributable to non-controlling interests.
6. Adjustments on total assets mainly include offsets of inter-segment debt and credit transactions.
7. Adjustments on extraordinary losses include losses on change in equity.
8. Net income is adjusted from the profits attributable to owners of parent in the consolidated profit and loss statements for the interim financial reporting period ended September 30, 2014.

 

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Interim Financial Reporting Period (from April 1, 2015 to September 30, 2015)

 

(in millions of yen)  
     BTMU      MUTB      MUSHD      CFS      Others     Total      Adjustments     Consolidated  

Ordinary Income

      2,074,286         369,986         266,143         249,935         364,371        3,324,723         (332,839 )      2,991,884   

Interest Income

      1,165,362         127,551         18,677         98,718         347,584        1,757,894         (362,926 )      1,394,968   

Profits from Investment in Affiliates (Equity Method)

      16,751         5,853         8,143         110         —          30,859         113,821        144,680   

From Customers

      2,010,489         361,903         260,776         232,289         126,425        2,991,884         —          2,991,884   

From Internal Transactions

      63,796         8,083         5,367         17,645         237,946        332,839         (332,839 )      —     

Net Income

      408,599         80,930         26,191         37,323         333,825        886,870         (287,548 )      599,321   

Total Assets

      220,723,906         38,044,884         32,106,885         4,227,493         12,169,724        307,272,893         (18,107,863 )      289,165,030   

Other Items

                      

Depreciation

      103,817         15,862         9,668         12,393         1,067        142,810         2,538        145,348   

Amortization of Goodwill

      8,353         531         1,038         492         —          10,416         (1,529 )      8,886   

Interest Expenses

      261,658         36,312         17,810         10,399         13,798        339,980         (21,352 )      318,627   

Extraordinary Profits

      16,941         11         —           0         —          16,953         (15,716 )      1,237   

Extraordinary Losses

      6,996         660         2,811         164         0        10,633         33,752        44,386   

Losses on Impairment of Fixed Assets

      1,101         508         195         —           —        1,804         —          1,804   

Tax Expenses

      203,870         30,354         21,394         2,088         (110 )      257,598         1,348        258,946   

Unamortized Goodwill

      281,641         18,574         38,359         6,951         —          345,527         (45,962 )      299,565   

Total Investment in Equity Method Affiliates

      280,264         142,615         246,782         4,920         823,689        1,498,273         1,065,431        2,563,704   

Increase in Tangible and Intangible Fixed Assets

      98,553         35,496         26,004         10,937         1,816        172,808         —          172,808   

Notes:

 

1. Ordinary income, interest income and interest expenses used in the above table are equivalent to revenues, interest income and interest expenses, respectively, generally used by Japanese non-financial companies.
2. “Others” includes MUFG and other companies.
3. Net income for “Others” includes 312,705 million yen of dividends from MUFG’s subsidiaries and affiliates.
4. Adjustments on interest income include deduction of dividend income from affiliated companies received by MUFG.
5. Adjustments on net income include elimination of inter-segment transactions of 390,382 million yen and 102,834 million yen of net profit representing the amounts that are not allocated among segments consisting of profits (losses) from investment in affiliates (equity method), amortization of goodwill, tax expenses and profits attributable to non-controlling interests.
6. Adjustments on total assets mainly include offsets of inter-segment debt and credit transactions.
7. Adjustments on extraordinary losses include losses on change in equity.
8. Net income is adjusted from the profits attributable to owners of parent in the consolidated profit and loss statements for the interim financial reporting period ended September 30, 2015.

 

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Related Information

Previous Year Interim Financial Reporting Period (from April 1, 2014 to September 30, 2014)

1. Information by Type of Service

Omitted because it is similar to the above-explained reporting segment information.

2. Geographical Information

(1) Ordinary Income (in millions of yen)

 

Japan    United States    Europe/Middle East    Asia/Oceania    Others    Total
1,737,342    416,374    171,020    411,326    25,477    2,761,541

Notes:

 

  1. Ordinary income is equivalent to revenues generally used by Japanese non-financial companies.
  2. Ordinary income is categorized by either country or region based on the location of MUFG’s operating offices.

(2) Tangible Fixed Assets (in millions of yen)

 

Japan    United States    Others    Total
1,093,009    368,072    91,645    1,552,728

3. Information by Major Customer

Not Applicable.

 

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Interim Financial Reporting Period (from April 1, 2015 to September 30, 2015)

1. Information by Type of Service

Omitted because it is similar to the above-explained reporting segment information.

2. Geographical Information

(1) Ordinary Income (in millions of yen)

 

Japan    United States    Europe/Middle East    Asia/Oceania    Others    Total
1,859,700    507,103    152,575    440,708    31,796    2,991,884

Notes:

 

  1. Ordinary income is equivalent to revenues generally used by Japanese non-financial companies.
  2. Ordinary income is categorized by either country or region based on the location of MUFG’s operating offices.

(2) Tangible Fixed Assets (in millions of yen)

 

Japan    United States    Others    Total
1,114,499    145,822    105,012    1,365,334

3. Information by Major Customer

Not Applicable.

 

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