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 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: July 18, 2017

 

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Consolidated Summary Report

<under US GAAP>

For the Fiscal Year Ended March 31, 2017

 

Date:		July 18, 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 fiscal year ended March 31, 2017

(1) Operating results

 

(in millions of yen, except per share data)
		For the fiscal years ended March 31,
		2017		2016
Total revenue		4,187,473		5,413,428
Income before income tax expense		272,543		1,162,670
Net income attributable to Mitsubishi UFJ Financial Group		202,680		802,332
Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)		14.93		57.78
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)		14.68		57.51

Notes:

1. Comprehensive income attributable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2017 and 2016 were ¥178,971 million and ¥41,921 million, respectively.

2. Average number of shares outstanding

 

		(in thousands of shares)
		For the fiscal years ended March 31,
		2017		2016
Common stock		13,574,314		13,885,842

(2) Financial condition

 

		(in millions of yen)
		As of March 31,
		2017		2016
Total assets		297,185,019		292,557,355
Total Mitsubishi UFJ Financial Group shareholders’ equity		13,985,532		14,270,625

(3) Cash flows

 

		(in millions of yen)
		For the fiscal years ended March 31,
		2017		2016
Net cash provided by operating activities		685,194		4,181,040
Net cash provided by (used in) investing activities		7,248,335		(12,994,976)
Net cash provided by financing activities		9,145,300		14,168,679
Cash and cash equivalents at end of period		25,682,741		8,656,322

 

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This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.’s consolidated financial information under U.S. GAAP included in the company’s annual report on Form 20-F (the “Form 20-F”) that has been 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 the company, 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.

The company’s financial information for reporting in Japan and for Japanese bank regulatory purposes is 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, natural disasters, cyber-attacks and other external events, and difficulties in hiring and retaining qualified employees. 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 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)		2017				2016
Assets:
Cash and due from banks			25,682,741				8,656,322
Interest-earning deposits in other banks			38,327,029				41,017,579
Call loans and funds sold			704,237				699,025
Receivables under resale agreements			8,188,146				7,446,665
Receivables under securities borrowing transactions			11,002,724				6,041,984
Trading account assets			41,320,049				50,825,399
Investment securities:
Available-for-sale securities—carried at fair value			39,090,099				41,226,231
Held-to-maturity securities—carried at amortized cost			3,587,321				3,866,668
Other investment securities			556,161				554,715
Total investment securities			43,233,581				45,647,614
Loans, net of unearned income, unamortized premiums and deferred loan fees			118,214,972				122,790,958
Allowance for credit losses			(1,182,188	)			(1,111,130	)
Net loans			117,032,784				121,679,828
Premises and equipment—net			994,271				1,005,905
Accrued interest			281,752				325,373
Customers’ acceptance liability			156,208				132,532
Intangible assets—net			1,020,359				1,015,150
Goodwill			450,143				454,375
Deferred tax assets			76,452				155,010
Other assets			8,714,543				7,454,594
Total assets			297,185,019				292,557,355
Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing			23,098,886				20,045,780
Interest-bearing			121,741,545				115,432,472
Overseas offices:
Non-interest-bearing			6,387,219				5,919,018
Interest-bearing			39,173,973				40,040,817
Total deposits			190,401,623				181,438,087
Call money and funds purchased			1,974,977				1,388,589
Payables under repurchase agreements			16,081,499				22,114,424
Payables under securities lending transactions			5,549,004				4,710,407
Due to trust account			3,335,155				6,338,154
Other short-term borrowings			7,969,521				9,357,728
Trading account liabilities			18,790,133				21,025,012
Obligations to return securities received as collateral			3,516,232				1,919,066
Bank acceptances outstanding			156,208				132,532
Accrued interest			147,351				132,802
Long-term debt			27,743,443				21,959,136
Other liabilities			6,755,165				7,193,151
Total liabilities			282,420,311				277,709,088
Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock			2,090,270				2,090,270
Capital surplus			5,956,644				5,958,929
Retained earnings:
Appropriated for legal reserve			239,571				239,571
Unappropriated retained earnings			3,931,612				3,980,257
Accumulated other comprehensive income, net of taxes			2,281,423				2,301,259
Treasury stock, at cost			(513,988	)			(299,661	)
Total Mitsubishi UFJ Financial Group shareholders’ equity			13,985,532				14,270,625
Noncontrolling interests			779,176				577,642
Total equity			14,764,708				14,848,267
Total liabilities and equity			297,185,019				292,557,355

 

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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)		2017				2016
Interest income:
Loans, including fees			2,023,649				2,054,338
Deposits in other banks			78,735				82,654
Investment securities:
Interest			235,638				254,214
Dividends			135,506				133,828
Trading account assets			455,860				422,080
Call loans and funds sold			11,023				10,450
Receivables under resale agreements and securities borrowing transactions			50,356				48,174
Total			2,990,767				3,005,738
Interest expense:
Deposits			347,430				350,335
Call money and funds purchased			1,791				8,802
Payables under repurchase agreements and securities lending transactions			80,598				45,201
Due to trust account			207				505
Other short-term borrowings and trading account liabilities			61,137				54,572
Long-term debt			278,476				284,949
Total			769,639				744,364
Net interest income			2,221,128				2,261,374
Provision for credit losses			253,688				231,862
Net interest income after provision for credit losses			1,967,440				2,029,512
Non-interest income:
Fees and commissions income			1,414,893				1,475,872
Foreign exchange gains (losses)—net			(134,885	)			192,086
Trading account profits (losses)—net			(639,184	)			276,654
Investment securities gains—net			281,158				232,259
Equity in earnings of equity method investees—net			197,821				176,857
Gains on sales of loans			13,286				12,293
Other non-interest income			63,617				41,669
Total			1,196,706				2,407,690
Non-interest expense:
Salaries and employee benefits			1,096,797				1,158,896
Occupancy expenses—net			176,819				182,782
Fees and commission expenses			273,675				285,387
Outsourcing expenses, including data processing			258,345				244,734
Depreciation of premises and equipment			99,774				99,680
Amortization of intangible assets			227,942				237,342
Impairment of intangible assets			5,803				117,726
Insurance premiums, including deposit insurance			91,881				91,854
Communications			55,274				58,314
Taxes and public charges			94,047				93,734
Impairment of goodwill			6,638				333,719
Provision (credit) for off-balance sheet credit instruments			106,556				(185	)
Other non-interest expenses			398,052				370,549
Total			2,891,603				3,274,532
Income before income tax expense			272,543				1,162,670
Income tax expense			94,453				369,432
Net income before attribution of noncontrolling interests			178,090				793,238
Net loss attributable to noncontrolling interests			(24,590	)			(9,094	)
Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group			202,680				802,332
(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			14.93				57.78
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group			14.68				57.51

 

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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)		2017				2016
Net income before attribution of noncontrolling interests			178,090				793,238
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on investment securities			12,961				(249,781	)
Net debt valuation adjustments			(8,552	)			3,505
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges			(13,245	)			1,808
Defined benefit plans			103,572				(131,493	)
Foreign currency translation adjustments			(143,210	)			(356,677	)
Total			(48,474	)			(732,638	)
Comprehensive income			129,616				60,600
Net loss attributable to noncontrolling interests			(24,590	)			(9,094	)
Other comprehensive income (loss) attributable to noncontrolling interests			(24,765	)			27,773
Comprehensive income attributable to Mitsubishi UFJ Financial Group			178,971				41,921
Loans
		As of March 31,
(in millions of yen)		2017				2016
Impaired loans			1,715,850				1,725,150
Other than impaired loans			116,499,122				121,065,808
Total			118,214,972				122,790,958
Allowance for credit losses
		As of March 31,
(in millions of yen)		2017				2016
Related to impaired loans			882,208				734,932
Related to other than impaired loans			299,980				376,198
Total			1,182,188				1,111,130

 

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