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 2017

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):

 

 

 

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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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

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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 30, 2017

 

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Interim Consolidated Summary Report

<under US GAAP>

For the Fiscal Year Ending March 31, 2017

 

Date:		January 30, 2017
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 & Group CEO
For inquiry:		Kazutaka Yoneda, General Manager-Financial Planning Division / Financial Accounting Office
		(Phone) +81-3-3240-3110

Consolidated financial data for the six months ended September 30, 2016

(1) Operating results

 

(in millions of yen, except per share data)
		For the six months ended September 30,
		2016		2015
Total revenue		2,717,440		2,240,357
Income before income tax expense		1,005,788		510,193
Net income attributable to Mitsubishi UFJ Financial Group		750,883		381,307
Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)		55.00		27.34
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)		54.84		27.19

Notes:

1. Comprehensive loss attributable to Mitsubishi UFJ Financial Group for the six months ended September 30, 2016 and 2015 were ¥73,556 million and ¥64,655 million, respectively.

2. Average number of shares outstanding

 

		(in thousands of shares)
		For the six months ended September 30,
		2016		2015
Common stock		13,652,274		13,947,620

(2) Financial condition

 

		(in millions of yen)
		As of September 30,		As of March 31,
		2016		2016
Total assets		288,912,990		292,557,355
Total Mitsubishi UFJ Financial Group shareholders' equity		13,964,064		14,270,625

(3) Cash flows

 

		(in millions of yen)
		For the six months ended September 30,
		2016		2015
Net cash provided by operating activities		1,507,950		2,229,802
Net cash provided by (used in) investing activities		6,908,631		(5,137,177)
Net cash provided by financing activities		4,070,054		3,199,854
Cash and cash equivalents at end of period		20,973,925		3,651,229

 

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This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.’s semi-annual condensed consolidated financial information under U.S. GAAP that is included in the company’s current report on Form 6-K (the “Semi-annual 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 Semi-annual U.S. GAAP Report includes material disclosure about the company, including its business and other detailed U.S. GAAP financial information. You should read the entire Semi-annual U.S. GAAP Report carefully to obtain a comprehensive understanding of the company’s business and U.S. GAAP financial data and related issues.

The company’s financial information for reporting in Japan and for Japanese bank regulatory purposes are prepared in accordance with Japanese GAAP. U.S. GAAP differs in certain respects from Japanese GAAP and accounting principles generally accepted in other jurisdictions. 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 (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, the company’s 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, changes in borrower conditions, fluctuations in interest rates, foreign currency exchange rates, stock prices, commodities prices and real estate prices, legal proceedings, changes in the regulatory and competitive environment, malfunctions and deficiencies in our IT systems, and natural disasters, cyber-attacks and other external events. For the key factors that should be considered, please see the financial highlight, the Annual Securities Report, the Disclosure Book, the Annual Report, the Form 20-F, the 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)

 

		As of September 30,				As of March 31,
(in millions of yen)		2016				2016
Assets:
Cash and due from banks			20,973,925				8,656,322
Interest-earning deposits in other banks			37,147,652				41,017,579
Call loans, funds sold, and receivables under resale agreements			5,254,355				8,145,690
Receivables under securities borrowing transactions			6,783,780				6,041,984
Trading account assets			53,855,592				50,825,399
Investment securities:
Available-for-sale securities—carried at fair value			38,094,384				41,226,231
Held-to-maturity securities—carried at amortized cost			3,452,917				3,866,668
Other investment securities			555,820				554,715
Total investment securities			42,103,121				45,647,614
Loans, net of unearned income, unamortized premiums and deferred loan fees			113,341,052				122,790,958
Allowance for credit losses			(925,478	)			(1,111,130	)
Net loans			112,415,574				121,679,828
Premises and equipment—net			951,971				1,005,905
Accrued interest			298,519				325,373
Customers’ acceptance liability			115,616				132,532
Intangible assets—net			965,007				1,015,150
Goodwill			392,101				454,375
Deferred tax assets			123,909				155,010
Other assets			7,531,868				7,454,594
Total assets			288,912,990				292,557,355
Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing			20,916,286				20,045,780
Interest-bearing			116,277,028				115,432,472
Overseas offices, principally interest-bearing			40,443,143				45,959,835
Total deposits			177,636,457				181,438,087
Call money, funds purchased, and payables under repurchase agreements			22,189,034				23,503,013
Payables under securities lending transactions			6,448,253				4,710,407
Due to trust account and other short-term borrowings			9,391,817				15,695,882
Trading account liabilities			25,105,049				21,025,012
Obligations to return securities received as collateral			1,884,317				1,919,066
Bank acceptances outstanding			115,616				132,532
Accrued interest			125,928				132,802
Long-term debt			24,323,698				21,959,136
Other liabilities			6,987,852				7,193,151
Total liabilities			274,208,021				277,709,088
Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock			2,090,270				2,090,270
Capital surplus			5,957,648				5,958,929
Retained earnings:
Appropriated for legal reserve			239,571				239,571
Unappropriated retained earnings			4,602,171				3,980,257
Accumulated other comprehensive income, net of taxes			1,480,693				2,301,259
Treasury stock, at cost			(406,289	)			(299,661	)
Total Mitsubishi UFJ Financial Group shareholders’ equity			13,964,064				14,270,625
Noncontrolling interests			740,905				577,642
Total equity			14,704,969				14,848,267
Total liabilities and equity			288,912,990				292,557,355

 

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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)		2016				2015
Interest income:
Loans, including fees			997,030				1,020,156
Deposits in other banks			36,982				37,886
Investment securities			187,835				201,240
Trading account assets			212,587				196,241
Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions			31,224				28,759
Total			1,465,658				1,484,282
Interest expense:
Deposits			165,897				170,578
Call money, funds purchased, and payables under repurchase agreements and securities lending transactions			31,379				20,632
Due to trust account, other short-term borrowings, and trading account liabilities			27,338				25,843
Long-term debt			135,631				136,630
Total			360,245				353,683
Net interest income			1,105,413				1,130,599
Credit for credit losses			58,681				7,204
Net interest income after credit for credit losses			1,164,094				1,137,803
Non-interest income:
Fees and commissions income			687,853				729,900
Foreign exchange gains (losses)—net			(20,704	)			41,615
Trading account profits (losses)—net			284,845				(284,774	)
Investment securities gains—net			127,028				119,808
Equity in earnings of equity method investees—net			128,468				114,252
Other non-interest income			44,292				35,274
Total			1,251,782				756,075
Non-interest expense:
Salaries and employee benefits			555,671				574,221
Occupancy expenses—net			90,369				87,773
Fees and commission expenses			133,243				139,501
Outsourcing expenses, including data processing			123,961				120,996
Depreciation of premises and equipment			47,861				46,237
Amortization of intangible assets			112,576				116,244
Impairment of intangible assets			968				213
Insurance premiums, including deposit insurance			45,936				45,774
Communications			27,843				28,955
Taxes and public charges			45,031				43,804
Other non-interest expenses			226,629				179,967
Total			1,410,088				1,383,685
Income before income tax expense			1,005,788				510,193
Income tax expense			252,472				97,073
Net income before attribution of noncontrolling interests			753,316				413,120
Net income attributable to noncontrolling interests			2,433				31,813
Net income attributable to Mitsubishi UFJ Financial Group			750,883				381,307
(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			55.00				27.34
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group			54.84				27.19

 

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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)		2016				2015
Net income before attribution of noncontrolling interests			753,316				413,120
Other comprehensive income (loss), net of tax:
Net unrealized losses on investment securities			(134,423	)			(360,855	)
Net debt valuation adjustments			866				—
Net unrealized gains on derivatives qualifying for cash flow hedges			19,205				2,683
Defined benefit plans			18,370				(23,592	)
Foreign currency translation adjustments			(758,994	)			(33,057	)
Total			(854,976	)			(414,821	)
Comprehensive loss			(101,660	)			(1,701	)
Net income attributable to noncontrolling interests			2,433				31,813
Other comprehensive income (loss) attributable to noncontrolling interests			(30,537	)			31,141
Comprehensive loss attributable to Mitsubishi UFJ Financial Group			(73,556	)			(64,655	)
Loans (Unaudited)
		As of September 30,				As of March 31,
(in millions of yen)		2016				2016
Impaired loans			1,580,645				1,725,150
Other than impaired loans			111,760,407				121,065,808
Total			113,341,052				122,790,958
Allowance for credit losses (Unaudited)
		As of September 30,				As of March 31,
(in millions of yen)		2016				2016
Related to impaired loans			609,286				734,932
Related to other than impaired loans			316,192				376,198
Total			925,478				1,111,130

 

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