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 February 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):

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: February 2, 2018


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the nine months ended December 31, 2017

February 2, 2018

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

1. Consolidated Financial Data for the Nine Months ended December 31, 2017

(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
Nine months ended	million yen		%		million yen		%			million yen		%
December 31, 2017		4,577,331		6.0		1,206,031		(0.5	)		863,427		9.7
December 31, 2016		4,319,070		0.7		1,212,200		(9.6	)		786,938		(7.7	)

(*)	Comprehensive income December 31, 2017: 1,470,500 million yen, - %; December 31, 2016: (273,349) million yen, - %


	Basic earnings per share		Diluted earnings per share
Nine months ended	yen		yen
December 31, 2017		64.86		64.63
December 31, 2016		57.80		57.60

(2) Financial Conditions


	Total Assets		Total Net Assets		*Equity-to-asset ratio ()**
As of	million yen		million yen		%
December 31, 2017		312,515,743		17,601,906		5.2
March 31, 2017		303,297,433		16,658,394		5.0

(Reference) Shareholders’ equity as of December 31, 2017: 16,194,993million yen; March 31, 2017: 15,280,268million 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, 2017		—		9.00		—		9.00		18.00
ending March 31, 2018		—		9.00		—
ending March 31, 2018 (Forecast)								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, 2018 (Consolidated)

MUFG has the target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2018. (There is no change to our earnings target released on May 15, 2017.)

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.

ø 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:	December 31, 2017	14,027,694,920 shares
	March 31, 2017	14,168,853,820 shares
(B) Treasury stocks:	December 31, 2017	864,860,290 shares
	March 31, 2017	738,910,028 shares
(C) Average outstanding stocks:	Nine months ended December 31, 2017	13,311,369,048 shares
	Nine months ended December 31, 2016	13,614,152,099 shares

ø This “Consolidated Summary Report” (Quarterly “Tanshin”) is outside the scope of the external auditor’s quarterly review procedure.

ø 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 and Notes			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 Nine Months Ended December 31, 2017”

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2017			As of December 31, 2017
Assets:
Cash and due from banks		63,525,940			73,677,388
Call loans and bills bought		649,147			456,367
Receivables under resale agreements		8,066,973			6,946,198
Receivables under securities borrowing transactions		11,002,723			8,499,109
Monetary claims bought		4,707,868			5,833,344
Trading assets		21,046,367			19,289,929
Money held in trust		806,881			1,029,577
Securities		59,438,897			60,316,869
Loans and bills discounted		109,005,231			109,914,663
Foreign exchanges		2,083,530			2,500,449
Other assets		11,554,699			11,703,183
Tangible fixed assets		1,358,905			1,378,938
Intangible fixed assets		1,257,876			1,237,548
Net defined benefit assets		601,377			702,052
Deferred tax assets		126,231			88,660
Customers’ liabilities for acceptances and guarantees		9,022,130			9,790,198
Allowance for credit losses		(957,350	)		(848,737	)

Total assets		303,297,433			312,515,743

Liabilities:
Deposits		170,730,221			174,759,893
Negotiable certificates of deposit		11,341,571			11,201,936
Call money and bills sold		1,973,569			2,356,611
Payables under repurchase agreements		17,636,962			19,954,050
Payables under securities lending transactions		5,538,739			6,425,729
Commercial papers		2,307,222			2,478,753
Trading liabilities		17,700,617			13,833,413
Borrowed money		16,971,085			18,992,165
Foreign exchanges		1,970,980			2,108,978
Short-term bonds payable		847,999			1,925,399
Bonds payable		9,893,687			10,667,235
Due to trust accounts		9,893,881			9,652,915
Other liabilities		9,382,992			9,187,776
Reserve for bonuses		81,012			47,918
Reserve for bonuses to directors		598			429
Reserve for stocks payment		10,400			11,068
Net defined benefit liabilities		59,045			60,936
Reserve for retirement benefits to directors		1,128			1,024
Reserve for loyalty award credits		16,689			19,636
Reserve for contingent losses		384,868			337,710
Reserves under special laws		4,075			4,016
Deferred tax liabilities		745,073			972,929
Deferred tax liabilities for land revaluation		124,483			123,109
Acceptances and guarantees		9,022,130			9,790,198

Total liabilities		286,639,039			294,913,836

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2017			As of December 31, 2017
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		1,412,087			1,287,931
Retained earnings		9,278,546			9,902,124
Treasury stock		(513,260	)		(613,285	)

Total shareholders’ equity		12,318,885			12,718,283

Net unrealized gains (losses) on available-for-sale securities		2,184,597			2,777,213
Net deferred gains (losses) on hedging instruments		125,684			76,119
Land revaluation excess		173,723			172,511
Foreign currency translation adjustments		558,339			505,079
Remeasurements of defined benefit plans		(65,098	)		(30,665	)
Debt value adjustments of foreign subsidiaries and affiliates		(15,863	)		(23,548	)

Total accumulated other comprehensive income		2,961,382			3,476,709

Subscription rights to shares		407			274
Non-controlling interests		1,377,719			1,406,639

Total net assets		16,658,394			17,601,906

Total liabilities and net assets		303,297,433			312,515,743

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 nine months ended December 31, 2016		For the nine months ended December 31, 2017
Ordinary income		4,319,070		4,577,331
Interest income		2,085,669		2,307,859
Interest on loans and bills discounted		1,344,856		1,526,438
Interest and dividends on securities		499,007		430,039
Trust fees		91,592		90,029
Fees and commissions		1,067,262		1,132,120
Trading income		182,047		228,406
Other operating income		437,861		322,276
Other ordinary income		454,636		496,639
Ordinary expenses		3,106,869		3,371,299
Interest expenses		615,425		874,180
Interest on deposits		207,517		307,245
Fees and commissions		150,957		160,921
Trading expenses		3,033		549
Other operating expenses		167,057		116,587
General and administrative expenses		1,920,298		2,022,285
Other ordinary expenses		250,097		196,774

Ordinary profits		1,212,200		1,206,031

Extraordinary gains		9,311		53,590
Gains on disposition of fixed assets		9,117		4,835
Reversal of reserve for contingent liabilities from financial instruments transactions		194		59
Gains on exchange of shares of affiliates		—		48,695
Extraordinary losses		68,859		48,792
Losses on disposition of fixed assets		6,627		6,382
Losses on impairment of fixed assets		6,551		22,839
Losses on change in equity		45,654		19,569
Losses on liquidation of equity securities of subsidiaries		5,260		—
Losses on exchange of shares of affiliates		4,538		—
Losses on sales of equity securities of subsidiaries		226		—

Profits before income taxes		1,152,653		1,210,829

Income taxes-current		219,514		250,249
Income taxes-deferred		60,150		17,683

Total taxes		279,664		267,933

Profits		872,988		942,896

Profits attributable to non-controlling interests		86,050		79,469

Profits attributable to owners of parent		786,938		863,427

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the nine months ended December 31, 2016			For the nine months ended December 31, 2017
Profits		872,988			942,896
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		(256,391	)		582,868
Net deferred gains (losses) on hedging instruments		(81,723	)		(51,023	)
Land revaluation excess		(19	)		(9	)
Foreign currency translation adjustments		(504,111	)		9,737
Remeasurements of defined benefit plans		34,773			32,251
Share of other comprehensive income of associates accounted for using equity method		(338,864	)		(46,220	)

Total other comprehensive income		(1,146,337	)		527,603

Comprehensive income		(273,349	)		1,470,500

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		(331,787	)		1,379,956
Comprehensive income attributable to non-controlling interests		58,438			90,543

Mitsubishi UFJ Financial Group, Inc.

(3)	Notes on Going-Concern Assumption

None.

(4)	Notes for Material Changes in Shareholders’ Equity

None.

Selected Financial Information

under Japanese GAAP

For the Nine Months Ended December 31, 2017


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 nine months ended						Increase
	December 31, 2017 (A)			December 31, 2016 (B)			(Decrease) (A) - (B)
Gross profits		2,928,474			2,927,986			488
Gross profits before credit costs for trust accounts		2,928,474			2,927,985			488
Net interest income		1,433,700			1,470,270			(36,569	)
Trust fees		90,029			91,592			(1,563	)
Credit costs for trust accounts (1)		—			0			(0	)
Net fees and commissions		971,199			916,304			54,894
Net trading profits		227,856			179,014			48,841
Net other operating profits		205,688			270,803			(65,114	)
Net gains (losses) on debt securities		53,549			127,662			(74,112	)
General and administrative expenses		1,971,339			1,867,316			104,023
Amortization of goodwill		13,033			11,020			2,012
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		970,167			1,071,689			(101,521	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		957,134			1,060,668			(103,534	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits*		957,134			1,060,669			(103,534	)
Net non-recurring gains (losses)		248,897			151,531			97,365
Credit costs (3)		(129,320	)		(146,095	)		16,774
Losses on loan write-offs		(106,150	)		(93,384	)		(12,766	)
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(23,170	)		(52,711	)		29,541
Reversal of allowance for credit losses (4)		35,561			49,281			(13,720	)
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		59,589			45,866			13,722
Net gains (losses) on equity securities		134,952			96,160			38,791
Gains on sales of equity securities		149,471			134,687			14,784
Losses on sales of equity securities		(13,253	)		(36,575	)		23,322
Losses on write-down of equity securities		(1,266	)		(1,950	)		684
Profits (losses) from investments in affiliates		202,242			171,199			31,042
Other non-recurring gains (losses)		(54,126	)		(64,880	)		10,753

Ordinary profits		1,206,031			1,212,200			(6,169	)

Net extraordinary gains (losses)		4,798			(59,547	)		64,346
Losses on impairment of fixed assets		(22,839	)		(6,551	)		(16,288	)
Losses on change in equity		(19,569	)		(45,654	)		26,084
Gains on exchange of shares of affiliates		48,695			—			48,695
Profits before income taxes		1,210,829			1,152,653			58,176
Income taxes-current		250,249			219,514			30,735
Income taxes-deferred		17,683			60,150			(42,466	)
Total taxes		267,933			279,664			(11,731	)
Profits		942,896			872,988			69,907
Profits attributable to non-controlling interests		79,469			86,050			(6,580	)

Profits attributable to owners of parent		863,427			786,938			76,488

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)		(34,170	)		(50,947	)		16,777

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in millions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2017 (A)			December 31, 2016 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,586,812			1,714,385			(127,573	)
Gross profits before credit costs for trust accounts		1,586,812			1,714,385			(127,573	)
Net interest income		873,824			939,711			(65,887	)
Trust fees		70,221			72,103			(1,882	)
Credit costs for trust accounts (1)		—			0			(0	)
Net fees and commissions		416,525			414,648			1,877
Net trading profits		61,769			69,721			(7,951	)
Net other operating profits		164,470			218,200			(53,729	)
Net gains (losses) on debt securities		52,113			118,420			(66,307	)
General and administrative expenses		1,003,748			1,011,099			(7,350	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		583,063			703,286			(120,223	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		583,063			703,286			(120,223	)
Net non-recurring gains (losses)		146,639			44,630			102,009
Credit costs (3)		(51,587	)		(78,711	)		27,123
Losses on loan write-offs		(28,290	)		(26,715	)		(1,574	)
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(23,297	)		(51,996	)		28,698
Reversal of allowance for credit losses (4)		93,489			88,636			4,853
Reversal of reserve for contingent losses included in credit costs (5)		—			189			(189	)
Gains on loans written-off (6)		20,669			15,716			4,953
Net gains (losses) on equity securities		127,620			86,242			41,377
Gains on sales of equity securities		143,493			126,211			17,282
Losses on sales of equity securities		(15,262	)		(38,378	)		23,116
Losses on write-down of equity securities		(610	)		(1,589	)		979
Other non-recurring gains (losses)		(43,552	)		(67,443	)		23,890

Ordinary profits		729,702			747,916			(18,214	)

Net extraordinary gains (losses)		39,164			(4,489	)		43,654
Income before income taxes		768,867			743,427			25,440
Income taxes-current		183,134			170,186			12,948
Income taxes-deferred		8,951			12,510			(3,558	)
Total taxes		192,086			182,697			9,389

Net income		576,780			560,729			16,050


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		62,571			25,830			36,740

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in millions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2017 (A)			December 31, 2016 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,318,245			1,418,982			(100,737	)
Net interest income		757,701			816,497			(58,796	)
Net fees and commissions		338,379			340,895			(2,515	)
Net trading profits		48,881			68,570			(19,689	)
Net other operating profits		173,283			193,019			(19,735	)
Net gains (losses) on debt securities		53,105			100,133			(47,028	)
General and administrative expenses		856,198			860,307			(4,109	)
Amortization of goodwill		275			275			(0	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		462,322			558,950			(96,628	)
Net operating profits before provision for general allowance for credit losses		462,047			558,675			(96,627	)
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits		462,047			558,675			(96,627	)
Net non-recurring gains (losses)		112,419			35,337			77,081
Credit costs (2)		(47,583	)		(78,443	)		30,859
Reversal of allowance for credit losses (3)		80,011			87,869			(7,857	)
Reversal of reserve for contingent losses included in credit costs (4)		—			—			—
Gains on loans written-off (5)		20,118			15,269			4,848
Net gains (losses) on equity securities		98,122			71,820			26,302
Gains on sales of equity securities		111,877			110,382			1,495
Losses on sales of equity securities		(13,484	)		(37,201	)		23,716
Losses on write-down of equity securities		(271	)		(1,361	)		1,090
Other non-recurring gains (losses)		(38,249	)		(61,177	)		22,927

Ordinary profits		574,466			594,013			(19,546	)

Net extraordinary gains (losses)		(9,879	)		1,165			(11,044	)
Income before income taxes		564,587			595,178			(30,590	)
Income taxes-current		135,359			134,317			1,041
Income taxes-deferred		4,030			10,268			(6,238	)
Total taxes		139,389			144,585			(5,196	)

Net income		425,198			450,592			(25,394	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		52,546			24,695			27,851
Provision for general allowance for credit losses		88,287			(106,686	)		194,973
Provision for special allowance for credit losses		(7,994	)		194,729			(202,723	)
Allowance for credit to specific foreign borrowers		(280	)		(173	)		(106	)
Losses on loans write-off		(28,289	)		(26,375	)		(1,914	)
Provision for contingent losses included in credit costs		(12,086	)		(50,642	)		38,555
Gains on loans written-off		20,118			15,269			4,848
Losses on sales of other loans, etc.		(7,207	)		(1,425	)		(5,781	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in millions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2017 (A)			December 31, 2016 (B)			Increase (Decrease) (A) - (B)
Gross profits		268,566			295,402			(26,836	)
Gross profits before credit costs for trust accounts		268,566			295,402			(26,836	)
Trust fees		70,221			72,103			(1,882	)
Credit costs for trust accounts (1)		—			0			(0	)
Net interest income		116,122			123,213			(7,090	)
Net fees and commissions		78,146			73,753			4,392
Net trading profits		12,888			1,150			11,737
Net other operating profits		(8,812	)		25,180			(33,993	)
Net gains (losses) on debt securities		(991	)		18,287			(19,278	)
General and administrative expenses		147,550			150,791			(3,240	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		121,015			144,611			(23,595	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		121,015			144,611			(23,595	)
Net non-recurring gains (losses)		34,220			9,292			24,928
Credit costs (3)		(4,004	)		(268	)		(3,735	)
Reversal of allowance for credit losses (4)		13,477			767			12,710
Reversal of reserve for contingent losses included in credit costs (5)		—			189			(189	)
Gains on loans written-off (6)		551			447			104
Net gains (losses) on equity securities		29,498			14,422			15,075
Gains on sales of equity securities		31,615			15,828			15,787
Losses on sales of equity securities		(1,777	)		(1,177	)		(600	)
Losses on write-down of equity securities		(339	)		(228	)		(111	)
Other non-recurring gains (losses)		(5,303	)		(6,265	)		962

Ordinary profits		155,236			153,903			1,332

Net extraordinary gains (losses)		49,043			(5,655	)		54,698
Income before income taxes		204,279			148,248			56,031
Income taxes-current		47,775			35,869			11,906
Income taxes-deferred		4,921			2,241			2,679
Total taxes		52,697			38,111			14,586

Net income		151,582			110,137			41,444


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		10,025			1,135			8,889
Credit costs for trust accounts		—			0			(0	)
Provision for general allowance for credit losses		16,975			(7,645	)		24,620
Provision for special allowance for credit losses		(3,497	)		8,414			(11,912	)
Allowance for credit to specific foreign borrowers		0			(1	)		2
Losses on loans write-offs		(0	)		(339	)		339
Provision for contingent losses included in credit costs		(4,396	)		189			(4,585	)
Gains on loans written-off		551			447			104
Losses on sales of other loans, etc.		392			71			321

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 December 31, 2017			As of March 31, 2017
Bankrupt or De facto Bankrupt		161,099			119,803
Doubtful		332,372			426,284
Special Attention		531,448			627,162

Non Performing Loans		1,024,920			1,173,249

Total loans		106,981,068			105,413,893

Non Performing Loans / Total loans		0.95	%		1.11	%

BTMU Non-consolidated
	(in millions of yen)
	As of December 31, 2017			As of March 31, 2017
Bankrupt or De facto Bankrupt		159,492			117,714
Doubtful		321,614			418,034
Special Attention		492,077			571,405

Non Performing Loans		973,184			1,107,154

Total loans		92,049,555			90,743,260

Non Performing Loans / Total loans		1.05	%		1.22	%

MUTB Non-consolidated
	(in millions of yen)
	As of December 31, 2017			As of March 31, 2017
Bankrupt or De facto Bankrupt		1,603			2,085
Doubtful		10,673			8,159
Special Attention		39,223			55,603

Non Performing Loans		51,500			65,848

Total loans		14,914,810			14,652,339

Non Performing Loans / Total loans		0.34	%		0.44	%

MUTB Non-consolidated: Trust Account
	(in millions of yen)
	As of December 31, 2017			As of March 31, 2017
Bankrupt or De facto Bankrupt		3			3
Doubtful		84			90
Special Attention		147			153

Non Performing Loans		235			247

Total loans		16,702			18,293

Non Performing Loans / Total loans		1.41	%		1.35	%

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 December 31, 2017

As of March 31, 2017

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Debt securities being held to maturity

3,481,739

48,852

3,560,825

50,325

(in millions of yen)

As of December 31, 2017

As of March 31, 2017

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Available-for-sale securities

56,487,464

4,080,754

54,813,148

3,139,063

Domestic equity securities

5,948,431

3,572,917

5,164,653

2,635,191

Domestic bonds

25,916,671

296,757

27,688,842

399,130

Other

24,622,361

211,078

21,959,652

104,742

Foreign equity securities

354,746

53,381

182,802

49,875

Foreign bonds

19,845,275

(19,926

)

17,917,306

(8,487

)

Other

4,422,338

177,624

3,859,542

63,353

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 December 31, 2017

As of March 31, 2017

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

2,003,505

46,575

2,348,504

52,045

Stocks of subsidiaries and affiliates

932,607

93,805

932,607

(8,940

)

(in millions of yen)

As of December 31, 2017

As of March 31, 2017

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

38,035,676

3,107,902

37,723,034

2,347,803

Domestic equity securities

4,832,055

2,797,443

4,173,471

2,016,280

Domestic bonds

22,246,322

265,104

23,390,925

354,591

Other

10,957,297

45,355

10,158,637

(23,069

)

Foreign equity securities

227,059

35,733

170,335

44,257

Foreign bonds

8,881,426

(17,500

)

7,853,982

(35,584

)

Other

1,848,811

27,121

2,134,319

(31,742

)

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 December 31, 2017

As of March 31, 2017

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

241,307

1,241

—

Stocks of subsidiaries and affiliates

8,504

404

52,328

33,443

(in millions of yen)

As of December 31, 2017

As of March 31, 2017

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

14,540,180

930,571

13,508,608

752,569

Domestic equity securities

1,165,936

711,675

1,036,997

551,360

Domestic bonds

3,738,589

30,938

4,369,116

43,958

Other

9,635,654

187,957

8,102,494

157,250

Foreign equity securities

112,796

10,341

Foreign bonds

8,186,140

41,995

6,792,918

64,280

Other

1,336,718

135,620

1,309,514

92,933

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the nine months ended December 31, 2017		For the nine months ended December 31, 2016
ROE		8.82		8.45

Mitsubishi UFJ Financial Group, Inc.

5. Average Interest Rate Spread

BTMU and MUTB Combined

(Domestic business segment)


	(percentage per annum)
	For the nine months ended December 31, 2017		For the nine months ended December 31, 2016
Average interest rate on loans and bills discounted		0.80		0.81
Average interest rate on deposits and NCD		0.01		0.01
Interest rate spread		0.79		0.79

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		0.86		0.91
Interest rate spread		0.85		0.89
BTMU Non-consolidated (Domestic business segment)
	(percentage per annum)
	For the nine months ended December 31, 2017		For the nine months ended December 31, 2016
Average interest rate on loans and bills discounted		0.88		0.87
Average interest rate on deposits and NCD		0.00		0.00
Interest rate spread		0.88		0.86

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		0.94		0.98
Interest rate spread		0.94		0.97
MUTB Non-consolidated (Domestic business segment)
	(percentage per annum)
	For the nine months ended December 31, 2017		For the nine months ended December 31, 2016
Average interest rate on loans and bills discounted		0.45		0.51
Average interest rate on deposits and NCD		0.07		0.08
Interest rate spread		0.38		0.42

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		0.50		0.54
Interest rate spread		0.42		0.46

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of December 31, 2017		As of March 31, 2017
Deposits (ending balance)		159,026,155		155,498,777
Deposits (average balance)		158,522,271		149,718,788
Loans (ending balance)		96,080,771		95,677,312
Loans (average balance)		96,859,456		97,494,781

	(in millions of yen)
	As of December 31, 2017		As of March 31, 2017
Domestic deposits (ending balance)*		136,081,089		134,143,669
Individuals		76,037,960		73,093,302

Note:

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

BTMU Non-consolidated


	(in millions of yen)
	As of December 31, 2017		As of March 31, 2017
Deposits (ending balance)		144,496,298		139,164,104
Deposits (average balance)		143,532,386		135,613,401
Loans (ending balance)		81,528,466		81,394,063
Loans (average balance)		82,533,382		83,916,295

	(in millions of yen)
	As of December 31, 2017		As of March 31, 2017
Domestic deposits (ending balance)*		123,224,627		119,499,507
Individuals		68,142,440		65,352,462

Note:

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

MUTB Non-consolidated


	(in millions of yen)
	As of December 31, 2017		As of March 31, 2017
Deposits (ending balance)		14,529,857		16,334,673
Deposits (average balance)		14,989,884		14,105,387
Loans (ending balance)		14,552,305		14,283,249
Loans (average balance)		14,326,073		13,578,485

	(in millions of yen)
	As of December 31, 2017		As of March 31, 2017
Domestic deposits (ending balance)*		12,856,462		14,644,161
Individuals		7,895,520		7,740,840

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, 2017		As of December 31, 2017
Assets:
Loans and bills discounted		204,237		293,188
Securities		53,054,465		52,555,280
Beneficiary rights to the trust		58,907,613		67,158,474
Securities held in custody accounts		3,259,572		3,690,956
Monetary claims		13,051,405		16,982,212
Tangible fixed assets		12,493,551		13,281,611
Intangible fixed assets		207,803		131,974
Other claims		3,950,126		3,360,521
Call loans		705,784		453,082
Due from banking account		9,100,260		8,776,650
Cash and due from banks		5,731,968		6,563,126

Total		160,666,790		173,247,078

Liabilities:
Money trusts		21,817,433		23,468,920
Pension trusts		12,741,687		11,927,635
Property formation benefit trusts		7,549		7,282
Investment trusts		63,323,815		71,442,069
Money entrusted other than money trusts		3,372,911		3,725,094
Securities trusts		5,399,262		5,687,890
Monetary claim trusts		12,195,074		16,058,241
Equipment trusts		66,298		72,261
Land and fixtures trusts		44,291		43,960
Composite trusts		41,698,466		40,813,722

Total		160,666,790		173,247,078


Note:		1. The table shown above includes master trust assets under the service-shared co-trusteeship between MUTB and The Master Trust Bank of Japan, Ltd.
		2. Trust assets and liabilities under a declaration of trust excluded from above table are 1,507 millions of yen as of March 31, 2017 and 1,505 millions of yen as of December 31, 2017, respectively.