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 2018

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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 18, 2018

 

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Interim Consolidated Summary Report

<under US GAAP>

For the Fiscal Year Ending March 31, 2018

 

Date:		January 18, 2018
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, 2017

(1) Operating results

 

(in millions of yen, except per share data)
		For the six months ended September 30,
		2017		2016
Total revenue		2,679,565		2,717,440
Income before income tax expense		1,014,434		1,005,788
Net income attributable to Mitsubishi UFJ Financial Group		790,704		750,883
Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)		59.21		55.00
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)		59.05		54.84

Notes:

1. Comprehensive income (loss) attributable to Mitsubishi UFJ Financial Group for the six months ended September 30, 2017 and 2016 were ¥1,024,023 million and ¥(73,556) million, respectively.

2. Average number of shares outstanding

 

		(in thousands of shares)
		For the six months ended September 30,
		2017		2016
Common stock		13,354,885		13,652,274

(2) Financial condition

 

		(in millions of yen)
		As of September 30,		As of March 31,
		2017		2017
Total assets		300,400,980		297,185,019
Total Mitsubishi UFJ Financial Group shareholders’ equity		14,752,184		13,985,532

(3) Cash flows

 

		(in millions of yen)
		For the six months ended September 30,
		2017		2016
Net cash provided by (used in) operating activities		(1,679,873)		1,507,950
Net cash provided by investing activities		3,357,753		6,908,631
Net cash provided by financing activities		3,614,547		4,070,054
Cash and cash equivalents at end of period		30,987,492		20,973,925

 

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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 that is included in the Company’s semi-annual 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 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 the Company’s 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, 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)

 

		As of September 30,				As of March 31,
(in millions of yen)		2017				2017
Assets:
Cash and due from banks			30,987,492				25,682,741
Interest-earning deposits in other banks			39,128,016				38,327,029
Call loans, funds sold, and receivables under resale agreements			7,457,475				8,892,383
Receivables under securities borrowing transactions			9,838,929				11,002,724
Trading account assets			41,390,111				41,320,049
Investment securities:
Available-for-sale securities—carried at fair value			36,827,530				39,090,099
Held-to-maturity securities—carried at amortized cost			3,230,851				3,587,321
Other investment securities			555,250				556,161
Total investment securities			40,613,631				43,233,581
Loans, net of unearned income, unamortized premiums and deferred loan fees			118,235,423				118,214,972
Allowance for credit losses			(916,181	)			(1,182,188	)
Net loans			117,319,242				117,032,784
Premises and equipment—net			1,010,133				994,271
Accrued interest			307,674				281,752
Customers’ acceptance liability			140,778				156,208
Intangible assets—net			999,755				1,020,359
Goodwill			435,553				450,143
Deferred tax assets			56,738				76,452
Other assets			10,715,453				8,714,543
Total assets			300,400,980				297,185,019
Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing			22,937,903				23,098,886
Interest-bearing			122,210,795				121,741,545
Overseas offices, principally interest-bearing			46,636,077				45,561,192
Total deposits			191,784,775				190,401,623
Call money, funds purchased, and payables under repurchase agreements			19,647,904				18,056,476
Payables under securities lending transactions			4,789,971				5,549,004
Due to trust account and other short-term borrowings			11,349,001				11,304,676
Trading account liabilities			16,418,784				18,790,133
Obligations to return securities received as collateral			2,699,912				3,516,232
Bank acceptances outstanding			140,778				156,208
Accrued interest			162,018				147,351
Long-term debt			30,133,040				27,743,443
Other liabilities			7,794,424				6,755,165
Total liabilities			284,920,607				282,420,311
Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock			2,090,270				2,090,270
Capital surplus			5,820,198				5,956,644
Retained earnings:
Appropriated for legal reserve			239,571				239,571
Unappropriated retained earnings			4,601,402				3,931,612
Accumulated other comprehensive income, net of taxes			2,514,742				2,281,423
Treasury stock, at cost			(513,999	)			(513,988	)
Total Mitsubishi UFJ Financial Group shareholders’ equity			14,752,184				13,985,532
Noncontrolling interests			728,189				779,176
Total equity			15,480,373				14,764,708
Total liabilities and equity			300,400,980				297,185,019

 

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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)		2017				2016
Interest income:
Loans, including fees			1,098,107				997,030
Deposits in other banks			57,768				36,982
Investment securities			185,852				187,835
Trading account assets			224,262				212,587
Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions			36,109				31,224
Total			1,602,098				1,465,658
Interest expense:
Deposits			240,723				165,897
Call money, funds purchased, and payables under repurchase agreements and securities lending transactions			57,620				31,379
Due to trust account, other short-term borrowings, and trading account liabilities			41,919				27,338
Long-term debt			141,590				135,631
Total			481,852				360,245
Net interest income			1,120,246				1,105,413
Credit for credit losses			186,568				58,681
Net interest income after credit for credit losses			1,306,814				1,164,094
Non-interest income:
Fees and commissions income			701,916				687,853
Foreign exchange losses—net			(3,025	)			(20,704	)
Trading account profits—net			69,428				284,845
Investment securities gains—net			176,149				127,028
Equity in earnings of equity method investees—net			88,717				128,468
Other non-interest income			44,282				44,292
Total			1,077,467				1,251,782
Non-interest expense:
Salaries and employee benefits			537,214				555,671
Occupancy expenses—net			88,567				90,369
Fees and commissions expenses			146,625				133,243
Outsourcing expenses, including data processing			136,326				123,961
Depreciation of premises and equipment			46,159				47,861
Amortization of intangible assets			116,878				112,576
Impairment of intangible assets			16,591				968
Insurance premiums, including deposit insurance			45,103				45,936
Communications			28,158				27,843
Taxes and public charges			45,152				45,031
Other non-interest expenses			163,074				226,629
Total			1,369,847				1,410,088
Income before income tax expense			1,014,434				1,005,788
Income tax expense			234,336				252,472
Net income before attribution of noncontrolling interests			780,098				753,316
Net income (loss) attributable to noncontrolling interests			(10,606	)			2,433
Net income attributable to Mitsubishi UFJ Financial Group			790,704				750,883
(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			59.21				55.00
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group			59.05				54.84

 

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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)		2017				2016
Net income before attribution of noncontrolling interests			780,098				753,316
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on investment securities			247,454				(134,423	)
Net debt valuation adjustments			(5,779	)			866
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges			(626	)			19,205
Defined benefit plans			24,609				18,370
Foreign currency translation adjustments			(35,925	)			(758,994	)
Total			229,733				(854,976	)
Comprehensive income (loss)			1,009,831				(101,660	)
Net income (loss) attributable to noncontrolling interests			(10,606	)			2,433
Other comprehensive loss attributable to noncontrolling interests			(3,586	)			(30,537	)
Comprehensive income (loss) attributable to Mitsubishi UFJ Financial Group			1,024,023				(73,556	)
Loans (Unaudited)
		As of September 30,				As of March 31,
(in millions of yen)		2017				2017
Impaired loans			1,516,310				1,715,850
Other than impaired loans			116,719,113				116,499,122
Total			118,235,423				118,214,972
Allowance for credit losses (Unaudited)
		As of September 30,				As of March 31,
(in millions of yen)		2017				2017
Related to impaired loans			642,277				882,208
Related to other than impaired loans			273,904				299,980
Total			916,181				1,182,188

 

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