Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

Company name:

Mitsubishi UFJ Financial Group, Inc.

Stock exchange listings: Tokyo, Nagoya, New York

Code number:

URL http://www.mufg.jp/

Representative:

Nobuyuki Hirano, President & Group CEO

For inquiry:

Kazutaka Yoneda, General Manager - Financial Planning Division / Financial Accounting Office

TEL (03) 3240-3110

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 August 2016

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):

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-209455) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

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: August 1, 2016


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Yasuo Matsumoto
Name:		Yasuo Matsumoto
Title:		Chief Manager, Documentation & Corporate Secretary Department,
		Corporate Administration Division

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2016

August 1, 2016

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

1. Consolidated Financial Data for the Three Months ended June 30, 2016

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income					Ordinary Profits					Profits Attributable to Owners of Parent
Three months ended	million yen		%			million yen		%			million yen		%
June 30, 2016		1,389,349		(10.9	)		340,812		(29.7	)		188,924		(32.0	)
June 30, 2015		1,559,954		19.8			485,035		22.8			277,761		15.5

(*)	Comprehensive income June 30, 2016: (7,056) million yen, -%; June 30, 2015: 26,324 million yen, (95.1)%


	Basic earnings per share		Diluted earnings per share
Three months ended	yen		yen
June 30, 2016		13.77		13.72
June 30, 2015		19.86		19.74

(2) Financial Conditions


	Total Assets		Total Net Assets		*Equity-to-asset ratio ()**
As of	million yen		million yen		%
June 30, 2016		298,193,992		17,098,322		5.1
March 31, 2016		298,302,898		17,386,769		5.2

(Reference) Shareholders’ equity as of June 30, 2016: 15,191,317 million yen; March 31, 2016: 15,457,970 million yen

(*)	“Equity-to-asset ratio” is computed under the formula shown below

(Total net assets - Subscription rights to shares - Non-controlling 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, 2016		—		9.00		—		9.00		18.00
ending March 31, 2017		—		——		——		——		——
ending March 31, 2017 (Forecast)		——		9.00		—		9.00		18.00

(*)	Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : None

3. Earnings Target for the Fiscal Year ending March 31, 2017 (Consolidated)

MUFG has the target of 850.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2017.

(There is no change to our earnings target released on May 16, 2016.)

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 profits attributable to owners of parent 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

(D) Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	June 30, 2016	14,168,853,820 shares
	March 31, 2016	14,168,853,820 shares
(B) Treasury stocks:	June 30, 2016	588,262,825 shares
	March 31, 2016	380,255,157 shares
(C) Average outstanding stocks:	Three months ended June 30, 2016	13,721,696,681 shares
	Three months ended June 30, 2015	13,986,676,532 shares

*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”.

*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.

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, 2016”

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2016			As of June 30, 2016
Assets:
Cash and due from banks		49,158,293			54,563,457
Call loans and bills bought		660,015			469,053
Receivables under resale agreements		7,466,633			6,218,019
Receivables under securities borrowing transactions		6,041,983			5,785,558
Monetary claims bought		4,733,393			4,741,328
Trading assets		20,460,863			25,250,302
Money held in trust		679,678			714,649
Securities		69,993,869			65,528,151
Loans and bills discounted		113,756,325			108,447,948
Foreign exchanges		1,792,888			1,988,779
Other assets		12,255,764			14,025,490
Tangible fixed assets		1,362,044			1,348,963
Intangible fixed assets		1,254,727			1,212,499
Net defined benefit assets		377,955			412,308
Deferred tax assets		125,739			117,442
Customers’ liabilities for acceptances and guarantees		9,240,310			8,420,910
Allowance for credit losses		(1,057,585	)		(1,050,871	)

Total assets		298,302,898			298,193,992

Liabilities:
Deposits		160,965,056			160,886,557
Negotiable certificates of deposit		11,591,578			10,828,112
Call money and bills sold		1,360,238			2,410,693
Payables under repurchase agreements		23,515,240			22,391,359
Payables under securities lending transactions		4,710,407			6,110,497
Commercial papers		2,292,282			2,012,687
Trading liabilities		17,251,302			21,359,550
Borrowed money		12,482,277			11,924,202
Foreign exchanges		2,054,937			1,944,068
Short-term bonds payable		752,492			340,999
Bonds payable		9,190,542			9,017,800
Due to trust accounts		13,296,033			8,701,684
Other liabilities		10,834,564			13,398,472
Reserve for bonuses		90,219			31,624
Reserve for bonuses to directors		396			83
Net defined benefit liabilities		62,791			59,753
Reserve for retirement benefits to directors		1,113			910
Reserve for loyalty award credits		15,971			16,528
Reserve for contingent losses		210,087			188,809
Reserves under special laws		4,232			4,037
Deferred tax liabilities		866,815			921,112
Deferred tax liabilities for land revaluation		127,237			125,212
Acceptances and guarantees		9,240,310			8,420,910

Total liabilities		280,916,129			281,095,670

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2016			As of June 30, 2016
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		1,425,637			1,425,329
Retained earnings		8,587,578			8,665,256
Treasury stock		(298,922	)		(407,632	)

Total shareholders’ equity		11,855,806			11,824,467

Net unrealized gains (losses) on available-for-sale securities		2,486,627			2,464,860
Net deferred gains (losses) on hedging instruments		337,297			448,642
Land revaluation excess		176,364			171,941
Foreign currency translation adjustments		791,401			458,910
Remeasurements of defined benefit plans		(189,526	)		(174,674	)
Debt value adjustments of foreign subsidiaries and affiliates		—			(2,830	)

Total accumulated other comprehensive income		3,602,163			3,366,849

Subscription rights to shares		8,260			7,817
Non-controlling interests		1,920,538			1,899,187

Total net assets		17,386,769			17,098,322

Total liabilities and net assets		298,302,898			298,193,992

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, 2015		For the three months ended June 30, 2016
Ordinary income		1,559,954		1,389,349
Interest income		705,685		696,237
Interest on loans and bills discounted		460,283		447,669
Interest and dividends on securities		161,831		162,377
Trust fees		27,134		32,059
Fees and commissions		357,567		348,788
Trading income		83,506		64,783
Other operating income		210,820		137,901
Other ordinary income		175,239		109,578
Ordinary expenses		1,074,919		1,048,537
Interest expenses		160,338		194,149
Interest on deposits		77,166		68,024
Fees and commissions		51,586		52,876
Trading expenses		—		1,066
Other operating expenses		102,784		34,040
General and administrative expenses		656,903		658,003
Other ordinary expenses		103,305		108,401

Ordinary profits		485,035		340,812

Extraordinary gains		211		5,513
Gains on disposition of fixed assets		211		5,319
Reversal of reserve for contingent liabilities from financial instruments transactions		—		194
Extraordinary losses		37,163		60,492
Losses on disposition of fixed assets		912		2,459
Losses on impairment of fixed assets		54		2,480
Provision for reserve for contingent liabilities from financial instruments transactions		183		—
Losses on change in equity		36,013		45,654
Losses on liquidation of equity securities of subsidiaries		—		5,359
Losses on exchange of shares of affiliates		—		4,538

Profits before income taxes		448,084		285,832

Income taxes—current		107,655		74,956
Income taxes—deferred		28,060		(14,170	)

Total taxes		135,716		60,785

Profits		312,367		225,046

Profits attributable to non-controlling interests		34,605		36,122

Profits attributable to owners of parent		277,761		188,924

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the three months ended June 30, 2015			For the three months ended June 30, 2016
Profits		312,367			225,046
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		(221,005	)		(22,539	)
Net deferred gains (losses) on hedging instruments		(26,663	)		111,459
Land revaluation excess		(1	)		(15	)
Foreign currency translation adjustments		(32,566	)		(258,356	)
Remeasurements of defined benefit plans		1,915			14,679
Share of other comprehensive income of associates accounted for using equity method		(7,721	)		(77,330	)

Total other comprehensive income		(286,043	)		(232,103	)

Comprehensive income		26,324			(7,056	)

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		(9,038	)		(33,518	)
Comprehensive income attributable to non-controlling interests		35,362			26,462

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, 2016


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

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

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

4. ROE	[ MUFG Consolidated ]	——	9

5. Average Interest Rate Spread	[ BTMU and MUTB Combined ]	——	10
	[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

6. Loans and Deposits	[ BTMU and MUTB Combined ]	——	11
	[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

7. Statements of Trust Assets and Liabilities	[ MUTB Non-consolidated ]	——	12

(*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 millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2016 (A)			June 30, 2015 (B)			Increase (Decrease) (A) - (B)
Gross profits		997,650			1,070,017			(72,366	)
Gross profits before credit costs for trust accounts		997,650			1,070,017			(72,366	)
Net interest income		502,099			545,358			(43,259	)
Trust fees		32,059			27,134			4,925
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		295,912			305,981			(10,068	)
Net trading profits		63,717			83,506			(19,788	)
Net other operating profits		103,861			108,036			(4,175	)
Net gains (losses) on debt securities		72,489			79,390			(6,901	)
General and administrative expenses		643,390			653,169			(9,779	)
Amortization of goodwill		4,037			4,459			(421	)
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		358,298			421,306			(63,008	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		354,260			416,847			(62,587	)
Provision for general allowance for credit losses (2)		(11,452	)		—			(11,452	)
Net operating profits*		342,807			416,847			(74,039	)
Net non-recurring gains (losses)		(1,995	)		68,188			(70,183	)
Credit costs (3)		(56,938	)		(75,097	)		18,158
Losses on loan write-offs		(27,636	)		(36,692	)		9,055
Provision for specific allowance for credit losses		(22,993	)		—			(22,993	)
Other credit costs		(6,308	)		(38,405	)		32,096
Reversal of allowance for credit losses (4)		—			21,696			(21,696	)
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		12,865			13,708			(843	)
Net gains (losses) on equity securities		1,710			31,661			(29,951	)
Gains on sales of equity securities		25,478			41,748			(16,269	)
Losses on sales of equity securities		(7,334	)		(3,823	)		(3,511	)
Losses on write-down of equity securities		(16,433	)		(6,263	)		(10,170	)
Profits (losses) from investments in affiliates		61,116			85,708			(24,592	)
Other non-recurring gains (losses)		(20,748	)		(9,489	)		(11,259	)

Ordinary profits		340,812			485,035			(144,223	)

Net extraordinary gains (losses)		(54,979	)		(36,951	)		(18,028	)
Net losses on change in equity		(45,654	)		(36,013	)		(9,641	)
Profits before income taxes		285,832			448,084			(162,251	)
Income taxes-current		74,956			107,655			(32,699	)
Income taxes-deferred		(14,170	)		28,060			(42,231	)
Total taxes		60,785			135,716			(74,930	)
Profits		225,046			312,367			(87,320	)
Profits attributable to non-controlling interests		36,122			34,605			1,517

Profits attributable to owners of parent		188,924			277,761			(88,837	)

Note:

* Net operating profits = Banking subsidiaries’ net operating 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)

(55,525

)

(39,692

)

(15,833

)

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2016 (A)			June 30, 2015 (B)			Increase (Decrease) (A) - (B)
Gross profits		588,650			658,090			(69,439	)
Gross profits before credit costs for trust accounts		588,650			658,090			(69,439	)
Net interest income		323,641			393,370			(69,728	)
Trust fees		25,245			20,546			4,698
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		120,856			130,177			(9,321	)
Net trading profits		60,873			19,753			41,120
Net other operating profits		58,033			94,242			(36,208	)
Net gains (losses) on debt securities		69,428			76,369			(6,941	)
General and administrative expenses		330,629			332,583			(1,954	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		258,020			325,506			(67,485	)
Provision for general allowance for credit losses (2)		10,724			—			10,724
Net operating profits		268,745			325,506			(56,760	)
Net non-recurring gains (losses)		(52,654	)		10,846			(63,501	)
Credit costs (3)		(30,324	)		(54,021	)		23,696
Losses on loan write-offs		(7,511	)		(15,891	)		8,379
Provision for specific allowance for credit losses		(16,351	)		—			(16,351	)
Other credit costs		(6,461	)		(38,130	)		31,668
Reversal of allowance for credit losses (4)		632			37,262			(36,629	)
Reversal of reserve for contingent losses included in credit costs (5)		—			540			(540	)
Gains on loans written-off (6)		2,874			3,186			(312	)
Net gains (losses) on equity securities		(3,583	)		26,209			(29,793	)
Gains on sales of equity securities		21,040			36,168			(15,128	)
Losses on sales of equity securities		(7,721	)		(3,694	)		(4,027	)
Losses on write-down of equity securities		(16,902	)		(6,264	)		(10,637	)
Other non-recurring gains (losses)		(22,253	)		(2,331	)		(19,922	)

Ordinary profits		216,091			336,353			(120,262	)

Net extraordinary gains (losses)		(6,060	)		17,749			(23,810	)
Income before income taxes		210,030			354,103			(144,072	)
Income taxes-current		55,538			95,579			(40,041	)
Income taxes-deferred		(4,146	)		10,809			(14,955	)
Total taxes		51,392			106,389			(54,997	)

Net income		158,638			247,713			(89,075	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(16,092	)		(13,031	)		(3,060	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2016 (A)			June 30, 2015 (B)			Increase (Decrease) (A) - (B)
Gross profits		479,225			564,797			(85,571	)
Net interest income		275,564			336,371			(60,806	)
Net fees and commissions		98,778			110,317			(11,538	)
Net trading profits		53,955			18,780			35,174
Net other operating profits		50,925			99,327			(48,401	)
Net gains (losses) on debt securities		54,542			80,240			(25,697	)
General and administrative expenses		280,856			287,525			(6,669	)
Amortization of goodwill		87			75			11
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		198,456			277,347			(78,891	)
Net operating profits before provision for general allowance for credit losses		198,368			277,271			(78,902	)
Provision for general allowance for credit losses (1)		10,724			—			10,724
Net operating profits		209,093			277,271			(68,178	)
Net non-recurring gains (losses)		(56,252	)		11,870			(68,123	)
Credit costs (2)		(30,173	)		(53,834	)		23,661
Losses on loan write-offs		(7,509	)		(15,704	)		8,195
Provision for specific allowance for credit losses		(16,351	)		—			(16,351	)
Other credit costs		(6,312	)		(38,130	)		31,818
Reversal of allowance for credit losses (3)		—			36,928			(36,928	)
Reversal of reserve for contingent losses included in credit costs (4)		—			367			(367	)
Gains on loans written-off (5)		2,805			3,142			(336	)
Net gains (losses) on equity securities		(8,388	)		28,330			(36,718	)
Gains on sales of equity securities		14,185			35,352			(21,167	)
Losses on sales of equity securities		(6,093	)		(1,584	)		(4,508	)
Losses on write-down of equity securities		(16,479	)		(5,436	)		(11,043	)
Other non-recurring gains (losses)		(20,497	)		(3,063	)		(17,433	)

Ordinary profits		152,840			289,142			(136,301	)

Net extraordinary gains (losses)		(2,199	)		17,886			(20,086	)
Income before income taxes		150,641			307,029			(156,387	)
Income taxes-current		45,240			83,735			(38,494	)
Income taxes-deferred		(5,086	)		9,582			(14,668	)
Total taxes		40,154			93,318			(53,163	)

Net income		110,486			213,710			(103,224	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(16,642	)		(13,396	)		(3,245	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2016 (A)			June 30, 2015 (B)			Increase (Decrease) (A) - (B)
Gross profits		109,425			93,293			16,131
Gross profits before credit costs for trust accounts		109,425			93,293			16,131
Trust fees		25,245			20,546			4,698
Credit costs for trust accounts (1)		—			—			—
Net interest income		48,077			56,999			(8,922	)
Net fees and commissions		22,077			19,859			2,217
Net trading profits		6,918			972			5,945
Net other operating profits		7,107			(5,084	)		12,192
Net gains (losses) on debt securities		14,885			(3,870	)		18,755
General and administrative expenses		49,773			45,058			4,714
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		59,651			48,234			11,417
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		59,651			48,234			11,417
Net non-recurring gains (losses)		3,598			(1,023	)		4,622
Credit costs (3)		(151	)		(186	)		35
Losses on loan write-offs		(2	)		(186	)		184
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(149	)		—			(149	)
Reversal of allowance for credit losses (4)		632			334			298
Reversal of reserve for contingent losses included in credit costs (5)		—			173			(173	)
Gains on loans written-off (6)		68			44			24
Net gains (losses) on equity securities		4,804			(2,120	)		6,925
Gains on sales of equity securities		6,854			815			6,038
Losses on sales of equity securities		(1,627	)		(2,109	)		481
Losses on write-down of equity securities		(422	)		(827	)		405
Other non-recurring gains (losses)		(1,756	)		731			(2,488	)

Ordinary profits		63,250			47,210			16,039

Net extraordinary gains (losses)		(3,861	)		(136	)		(3,724	)
Income before income taxes		59,389			47,074			12,315
Income taxes-current		10,298			11,844			(1,546	)
Income taxes-deferred		939			1,226			(287	)
Total taxes		11,237			13,071			(1,833	)

Net income		48,151			34,002			14,148


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		550			365			184

Mitsubishi UFJ Financial Group, Inc.

2. Non Performing Loans Based on the Financial Reconstruction Law

BTMU and MUTB Combined including Trust Account


	(in millions of yen)
	As of June 30, 2016			As of March 31, 2016
Bankrupt or De facto Bankrupt		120,974			118,819
Doubtful		833,003			846,495
Special Attention		329,586			341,635

Non Performing Loans		1,283,564			1,306,950

Total loans		104,630,850			109,316,859

Non Performing Loans / Total loans		1.22	%		1.19	%

BTMU Non-consolidated
	(in millions of yen)
	As of June 30, 2016			As of March 31, 2016
Bankrupt or De facto Bankrupt		118,977			116,853
Doubtful		803,239			815,231
Special Attention		318,349			331,026

Non Performing Loans		1,240,566			1,263,111

Total loans		91,069,740			95,633,552

Non Performing Loans / Total loans		1.36	%		1.32	%

MUTB Non-consolidated
	(in millions of yen)
	As of June 30, 2016			As of March 31, 2016
Bankrupt or De facto Bankrupt		1,992			1,954
Doubtful		29,655			31,159
Special Attention		10,734			10,101

Non Performing Loans		42,382			43,215

Total loans		13,538,763			13,660,195

Non Performing Loans / Total loans		0.31	%		0.31	%

MUTB Non-consolidated: Trust Account
	(in millions of yen)
	As of June 30, 2016			As of March 31, 2016
Bankrupt or De facto Bankrupt		3			11
Doubtful		108			104
Special Attention		502			507

Non Performing Loans		615			623

Total loans		22,346			23,111

Non Performing Loans / Total loans		2.75	%		2.69	%

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 millions of yen)

As of June 30, 2016

As of March 31, 2016

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Debt securities being held to maturity

3,739,560

91,520

3,886,239

64,518

(in millions of yen)

As of June 30, 2016

As of March 31, 2016

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Available-for-sale securities

61,114,664

3,439,045

65,518,480

3,485,297

Domestic equity securities

4,472,783

1,848,788

4,873,212

2,205,424

Domestic bonds

29,140,653

910,047

30,322,492

718,247

Other

27,501,227

680,210

30,322,776

561,624

Foreign equity securities

138,278

11,456

149,076

23,820

Foreign bonds

24,473,473

669,999

26,650,433

510,987

Other

2,889,476

(1,245

)

3,523,265

26,816

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 millions of yen)

As of June 30, 2016

As of March 31, 2016

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

2,536,919

63,243

2,653,043

57,771

Stocks of subsidiaries and affiliates

932,607

(114,566

)

843,460

(91,424

)

(in millions of yen)

As of June 30, 2016

As of March 31, 2016

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

42,471,907

2,468,736

44,773,389

2,531,495

Domestic equity securities

3,608,424

1,363,834

3,943,763

1,661,719

Domestic bonds

22,626,470

777,748

23,353,550

619,996

Other

16,237,012

327,153

17,476,076

249,779

Foreign equity securities

129,740

6,296

142,546

18,227

Foreign bonds

14,414,147

386,483

15,024,229

279,857

Other

1,693,124

(65,626

)

2,309,300

(48,305

)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

The tables include beneficiary rights to the trust in “Monetary claims bought” in addition to “Securities”.

(in millions of yen)

As of June 30, 2016

As of March 31, 2016

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

—

Stocks of subsidiaries and affiliates

57,771

36,915

57,771

50,968

(in millions of yen)

As of June 30, 2016

As of March 31, 2016

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

15,397,857

860,117

17,108,424

873,305

Domestic equity securities

898,760

403,060

974,012

470,438

Domestic bonds

6,557,769

132,478

7,013,586

98,263

Other

7,941,327

324,578

9,120,825

304,604

Foreign equity securities

Foreign bonds

7,183,660

257,044

8,367,901

228,667

Other

757,612

67,502

752,872

75,910

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the three months ended June 30, 2016		For the three months ended June 30, 2015
ROE		6.06		9.03


Note:
ROE is computed as follows:

profits attributable to owners of parent × 4					×100
{(Total shareholders’ equity at the beginning of the period + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period + Foreign currency translation adjustments at the end of the period)} / 2

Mitsubishi UFJ Financial Group, Inc.

5. Average Interest Rate Spread

BTMU and MUTB Combined

(Domestic business segment)


	(percentage per annum)
	For the three months ended June 30, 2016		For the three months ended June 30, 2015
Average interest rate on loans and bills discounted		0.81		0.93
Average interest rate on deposits and NCD		0.02		0.04
Interest rate spread		0.79		0.88

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		0.94		1.06
Interest rate spread		0.92		1.02

BTMU Non-consolidated

(Domestic business segment)


	(percentage per annum)
	For the three months ended June 30, 2016		For the three months ended June 30, 2015
Average interest rate on loans and bills discounted		0.86		0.97
Average interest rate on deposits and NCD		0.01		0.03
Interest rate spread		0.85		0.93

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		1.01		1.14
Interest rate spread		1.00		1.11

MUTB Non-consolidated

(Domestic business segment)


	(percentage per annum)
	For the three months ended June 30, 2016		For the three months ended June 30, 2015
Average interest rate on loans and bills discounted		0.54		0.68
Average interest rate on deposits and NCD		0.10		0.13
Interest rate spread		0.44		0.55

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		0.57		0.68
Interest rate spread		0.47		0.55

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of June 30, 2016		As of March 31, 2016
Deposits (ending balance)		145,939,524		145,331,997
Deposits (average balance)		145,123,298		138,046,126
Loans (ending balance)		95,406,998		99,884,265
Loans (average balance)		96,960,742		97,177,782

	(in millions of yen)
	As of June 30, 2016		As of March 31, 2016
Domestic deposits (ending balance)*		125,650,660		123,850,947
Individuals		71,652,002		71,068,636

Note:

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

BTMU Non-consolidated


	(in millions of yen)
	As of June 30, 2016		As of March 31, 2016
Deposits (ending balance)		132,064,390		131,986,582
Deposits (average balance)		131,398,414		125,267,973
Loans (ending balance)		82,330,801		86,691,727
Loans (average balance)		83,886,350		84,450,867

	(in millions of yen)
	As of June 30, 2016		As of March 31, 2016
Domestic deposits (ending balance)*		113,205,001		111,911,283
Individuals		63,817,775		63,158,639

Note:

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

MUTB Non-consolidated


	(in millions of yen)
	As of June 30, 2016		As of March 31, 2016
Deposits (ending balance)		13,875,134		13,345,415
Deposits (average balance)		13,724,884		12,778,152
Loans (ending balance)		13,076,197		13,192,538
Loans (average balance)		13,074,392		12,726,915

	(in millions of yen)
	As of June 30, 2016		As of March 31, 2016
Domestic deposits (ending balance)*		12,445,658		11,939,663
Individuals		7,834,227		7,909,997

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 millions of yen)	As of March 31, 2016		As of June 30, 2016
Assets:
Loans and bills discounted		150,571		161,476
Securities		53,614,888		51,810,059
Beneficiary rights to the trust		53,719,802		55,968,861
Securities held in custody accounts		3,339,160		3,712,513
Monetary claims		9,369,779		8,953,693
Tangible fixed assets		11,636,006		11,815,097
Intangible fixed assets		193,150		207,726
Other claims		4,364,029		4,704,270
Call loans		103,070		428,512
Due from banking account		12,745,624		8,212,864
Cash and due from banks		4,474,306		4,679,589

Total		153,710,390		150,654,664

Liabilities:
Money trusts		20,470,160		19,073,294
Pension trusts		14,950,257		13,676,108
Property formation benefit trusts		8,033		7,986
Investment trusts		58,519,398		59,727,700
Money entrusted other than money trusts		3,463,944		3,285,445
Securities trusts		5,350,832		5,842,612
Monetary claim trusts		8,799,495		8,276,942
Equipment trusts		59,923		62,400
Land and fixtures trusts		65,884		65,751
Composite trusts		42,022,461		40,636,420

Total		153,710,390		150,654,664


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.