Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

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 May 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: May 15, 2018


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Zenta Morokawa
Name:		Zenta Morokawa
Title:		Managing Director, Head of Documentation & Corporate Secretary Department, Corporate Administration Division

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the fiscal year ended March 31, 2018

May 15, 2018


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		http://www.mufg.jp/
Representative:		Nobuyuki Hirano, President & Group CEO
For inquiry:		Kazutaka Yoneda, Managing Director, Head of Financial Planning Division / Financial Accounting Office
		TEL (03) 3240-3110
General meeting of shareholders:		June 28, 2018
Dividend payment date:		June 29, 2018
Securities report issuing date:		June 28, 2018
Trading accounts:		Established
Supplemental information for financial statements:		Available
Investor meeting presentation:		Scheduled (for investors and analysts)

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

1. Consolidated Financial Data for the Fiscal Year ended March 31, 2018

(1)	Results of Operations


	( % represents the change from the previous fiscal year)
	Ordinary Income				Ordinary Profits					Profits Attributable to Owners of Parent
	million yen		%		million yen		%			million yen		%
Fiscal year ended
March 31, 2018		6,068,061		1.5		1,462,418		7.5			989,664		6.8
March 31, 2017		5,979,568		4.6		1,360,767		(11.6	)		926,440		(2.6	)

(*)	Comprehensive income

March 31, 2018: 1,330,891 million yen 302.6 % ; March 31, 2017: 330,609 million yen (46.7) %


	Basic earnings per share		Diluted earnings per share		Net Income to Net Assets Attributable to MUFG shareholders		Ordinary Profits to Total Assets		Ordinary Profits to Ordinary Income
	yen		yen		%		%		%
Fiscal year ended
March 31, 2018		74.55		74.29		6.3		0.5		24.1
March 31, 2017		68.28		68.00		6.0		0.5		22.8

(Reference) Income from investment in affiliates (Equity method)

March 31, 2018: 242,885 million yen; March 31, 2017: 244,453 million yen

(2)	Financial Conditions


	Total Assets		Total Net Assets		Equity-to-asset ratio (*)		Total Net Assets per Common Stock
	million yen		million yen		%		yen
As of
March 31, 2018		306,937,415		17,295,037		5.2		1,217.41
March 31, 2017		303,297,433		16,658,394		5.0		1,137.78

(Reference) Shareholders’ equity as of March 31, 2018: 16,024,639 million yen; March 31, 2017: 15,280,268 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

(3)	Cash Flows


	Cash Flows from Operating Activities		Cash Flows from Investing Activities			Cash Flows from Financing Activities			Cash and Cash Equivalents at the end of the period
	million yen		million yen			million yen			million yen
Fiscal year ended
March 31, 2018		7,004,197		(656,875	)		(290,538	)		39,944,713
March 31, 2017		7,013,064		8,907,549			(670,592	)		33,968,391

2. Dividends on Common Stock


	Dividends per Share										Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total		Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	yen		yen		yen		yen		yen		million yen		%		%
Fiscal year
ended March 31, 2017		—		9.00		—		9.00		18.00		243,600		26.4		1.6
ended March 31, 2018		—		9.00		—		10.00		19.00		251,824		25.5		1.6
ending March 31, 2019 (Forecast)		—		10.00		—		10.00		20.00				31.0

(*)	Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : Yes

3. Earnings Target for the Fiscal Year ending March 31, 2019 (Consolidated)

MUFG has set an earnings target of 850.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2019. 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 (Changes in specified subsidiaries accompanying change in scope of consolidation): No

(2)	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

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


(A) Total stocks outstanding including treasury stocks:	March 31, 2018	13,900,028,020 shares
	March 31, 2017	14,168,853,820 shares
(B) Treasury stocks:	March 31, 2018	737,138,211 shares
	March 31, 2017	738,910,028 shares
(C) Average outstanding stocks:	Fiscal year ended March 31, 2018	13,274,746,023 shares
	Fiscal year ended March 31, 2017	13,568,693,838 shares

*This “Consolidated Summary Report” (“Tanshin”) is outside the scope of the external auditor’s audit procedure.

*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. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Results of Operations and Financial Condition			2
(1) Analysis of results of operations			2
(2) Analysis of financial condition			3
2. Basic Views on Selection of Accounting Standards			3
3. Consolidated Financial Statements and Notes			4
(1) Consolidated Balance Sheets			4
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			6
(3) Consolidated Statements of Changes in Net Assets			9
(4) Consolidated Statements of Cash Flows			11
Notes to the Consolidated Financial Statements			13
Notes on Going-Concern Assumption
Segment Information
Per Share Information

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Fiscal Year Ended March 31, 2018”

(*)	The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet. Materials distributed for those will be uploaded in our homepage soon after the internet conference or the explanation is held.


Internet Conference:		May 15, 2018 (Tuesday)
Explanation for investors and analysts:		May 18, 2018 (Friday)

Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

(1) Analysis of results of operations

(Results of operations for the fiscal year ended March 31, 2018)

An overview of the financial and economic environment in fiscal year 2017 reveals the global economy was exposed to political and geopolitical risks, such as a change in US policy under a new administration, national elections in major European countries and a rise in tensions in the Middle East and surrounding North Korea. Despite this, the global economy continued to recover and grow with comparative stability. In the US, an improvement in the labor market, a rise in wages and a recovery of corporations’ production activities allowed its self-sustained growth to continue. The European economies remained solid, supported by a strong labor market, increased wages and low interest rates, despite underlying uncertainty about the UK’s decision to leave the EU. In addition, it appears that the economies of ASEAN (Association of Southeast Asian Nations) and NIEs (Newly Industrialized Economies) remained robust, even China’s, which has been experiencing downward pressure from structural adjustments. A recovery of exports, owing to growth in developed economies, and strong demand for infrastructure provided support for Asian economies. Meanwhile, the Japanese economy remained unshaken, despite movements in the political sphere, such as elections for the Tokyo Metropolitan Assembly and the House of Representatives. It continued to expand gradually throughout the fiscal year, becoming the second-longest post-war period of economic growth, surpassing the “Izanagi Boom”. In the corporate sector, capital expenditure maintained its strong growth due to a high level of corporate profits and a recovery of production, which was aided by completion of inventory adjustments. In the household sector, private consumption remained solid on the back of a favorable labor market and a rise in wages, supported by corporations’ strong hiring appetite. In addition, implementation of large-scale economic policies by the government contributed to economic growth throughout the first half of the fiscal year.

Turning our attention to the financial situation, the US dollar-to-Japanese yen exchange rate remained relatively unchanged and stock prices followed an upward trend, supported by a recovery in the global economy until the third quarter. However, in the fourth quarter, concerns about inflation in the US came to the fore and uncertainty about its trade policies rose, leading to appreciation of the Japanese yen and a downward correction of stock prices. In June and December 2017 and March 2018, the US Federal Reserve raised interest rates, and in April 2017 and January 2018, the European Central Bank reduced the size of its asset purchases. On the other hand, the Bank of Japan maintained its “Quantitative and Qualitative Monetary Easing with Yield Curve Control”, and long-term interest rates remained low.

Under such business environment, consolidated gross profits for the fiscal year ended March 31, 2018 decreased 157.5 billion yen from the previous fiscal year to 3,854.2 billion yen. This was mainly due to a decrease in net interest income from domestic loans and deposits as well as from bond portfolios and a decrease of net gains on debt securities, while net interest income from overseas loans and deposits remained steadily. General and administrative (G&A) expenses for the fiscal year ended March 31, 2018 increased 27.8 billion yen from the previous fiscal year to 2,621.4 billion yen, reflecting higher expenses in overseas. As a result, net operating profits decreased 185.4 billion yen from the previous fiscal year to 1,232.8 billion yen.

Mitsubishi UFJ Financial Group, Inc.

Total credit costs for the fiscal year ended March 31, 2018 decreased 109.2 billion yen from the previous fiscal year, mainly due to a decrease in provision for allowance for credit losses. Net gains on equity securities increased 8.2 billion yen from the previous fiscal year, driven by a progress in sales of equity holdings. Other non-recurring losses decreased 171.1 billion yen from the previous fiscal year, mostly due to an elimination of provision for repayment of excess interest of credit card/loan businesses which was occurred in the previous fiscal year.

As a result, ordinary profits for the fiscal year ended March 31, 2018 were 1,462.4 billion yen, an increase of 101.6 billion yen from the previous fiscal year, and profits attributable to owners of parent for the fiscal year ended March 31, 2018 was 989.6 billion yen, an increase of 63.2 billion yen from the previous fiscal year.


(in billions of Japanese yen)	For the fiscal year ended March 31, 2018			For the fiscal year ended March 31, 2017			Increase (Decrease)
Gross profits before credit costs for trust accounts		3,854.2			4,011.8			(157.5	)
General and administrative expenses		2,621.4			2,593.5			27.8
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		1,232.8			1,418.2			(185.4	)
Total credit costs		(46.1	)		(155.3	)		109.2
Net gains (losses) on equity securities		133.1			124.9			8.2
Profits (losses) from investments in affiliates		242.8			244.4			(1.5	)
Other non-recurring gains (losses)		(100.3	)		(271.4	)		171.1
Ordinary profits		1,462.4			1,360.7			101.6
Net extraordinary gains (losses)		(53.0	)		(57.5	)		4.4
Total taxes		313.4			342.1			(28.7	)
Profits attributable to non-controlling interests		106.2			34.6			71.6
Profits attributable to owners of parent		989.6			926.4			63.2

(2) Analysis of financial condition

Total assets as of March 31, 2018 increased 3,639.9 billion yen from March 31, 2017 to 306,937.4 billion yen, and total net assets as of March 31, 2018 increased 636.6 billion yen from March 31, 2017 to 17,295.0 billion yen. The increase in total net assets was mainly due to increases in retained earnings and net unrealized gains on available-for-sale securities.

With regard to major items of assets, loans and bills discounted as of March 31, 2018 decreased 914.2 billion yen from March 31, 2017 to 108,090.9 billion yen and securities as of March 31, 2018 decreased 172.7 billion yen from March 31, 2017 to 59,266.1 billion yen. With regard to major items of liabilities, deposits as of March 31, 2018 increased 6,582.0 billion yen from March 31, 2017 to 177,312.3 billion yen.

2. Basic Views on Selection of Accounting Standards

MUFG group, currently adopting Japanese GAAP, is preparing for its future adoption of IFRS by considering the development of its infrastructures and organizations within the group, and the timing of adoption.

Mitsubishi UFJ Financial Group, Inc.

3. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2017			As of March 31, 2018
Assets:
Cash and due from banks		63,525,940			74,713,689
Call loans and bills bought		649,147			482,285
Receivables under resale agreements		8,066,973			5,945,875
Receivables under securities borrowing transactions		11,002,723			9,266,996
Monetary claims bought		4,707,868			5,529,619
Trading assets		21,046,367			15,247,156
Money held in trust		806,881			943,153
Securities		59,438,897			59,266,170
Loans and bills discounted		109,005,231			108,090,994
Foreign exchanges		2,083,530			2,942,499
Other assets		11,554,699			12,176,023
Tangible fixed assets		1,358,905			1,369,977
Buildings		341,131			302,981
Land		720,132			697,105
Lease assets		10,164			12,357
Construction in progress		46,373			119,195
Other tangible fixed assets		241,104			238,337
Intangible fixed assets		1,257,876			1,246,676
Software		567,753			532,285
Goodwill		267,389			258,417
Lease assets		446			351
Other intangible fixed assets		422,287			455,622
Net defined benefit assets		601,377			874,106
Deferred tax assets		126,231			89,172
Customers’ liabilities for acceptances and guarantees		9,022,130			9,560,158
Allowance for credit losses		(957,350	)		(807,139	)

Total assets		303,297,433			306,937,415

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2017			As of March 31, 2018
Liabilities:
Deposits		170,730,221			177,312,310
Negotiable certificates of deposit		11,341,571			9,854,742
Call money and bills sold		1,973,569			2,461,088
Payables under repurchase agreements		17,636,962			18,088,513
Payables under securities lending transactions		5,538,739			8,156,582
Commercial papers		2,307,222			2,181,995
Trading liabilities		17,700,617			10,898,924
Borrowed money		16,971,085			16,399,502
Foreign exchanges		1,970,980			2,037,524
Short-term bonds payable		847,999			847,299
Bonds payable		9,893,687			10,706,252
Due to trust accounts		9,893,881			10,382,479
Other liabilities		9,382,992			9,270,887
Reserve for bonuses		81,012			86,581
Reserve for bonuses to directors		598			620
Reserve for stocks payment		10,400			11,607
Net defined benefit liabilities		59,045			59,033
Reserve for retirement benefits to directors		1,128			1,088
Reserve for loyalty award credits		16,689			17,836
Reserve for contingent losses		384,868			318,002
Reserves under special laws		4,075			4,319
Deferred tax liabilities		745,073			867,919
Deferred tax liabilities for land revaluation		124,483			117,104
Acceptances and guarantees		9,022,130			9,560,158

Total liabilities		286,639,039			289,642,377

Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		1,412,087			1,196,803
Retained earnings		9,278,546			10,064,649
Treasury stock		(513,260	)		(522,158	)

Total shareholders’ equity		12,318,885			12,880,807

Net unrealized gains (losses) on available-for-sale securities		2,184,597			2,388,234
Net deferred gains (losses) on hedging instruments		125,684			59,360
Land revaluation excess		173,723			170,239
Foreign currency translation adjustments		558,339			499,557
Remeasurements of defined benefit plans		(65,098	)		62,182
Debt value adjustments of foreign subsidiaries and affiliates		(15,863	)		(35,743	)

Total accumulated other comprehensive income		2,961,382			3,143,832

Subscription rights to shares		407			274
Non-controlling interests		1,377,719			1,270,123

Total net assets		16,658,394			17,295,037

Total liabilities and net assets		303,297,433			306,937,415

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 fiscal year ended March 31, 2017		For the fiscal year ended March 31, 2018
Ordinary income		5,979,568		6,068,061
Interest income		2,888,134		3,094,990
Interest on loans and bills discounted		1,862,089		2,033,891
Interest and dividends on securities		675,434		578,247
Interest on call loans and bills bought		10,523		10,776
Interest on receivables under resale agreements		46,831		60,590
Interest on receivables under securities borrowing transactions		6,246		12,209
Interest on deposits		79,746		123,591
Other interest income		207,261		275,682
Trust fees		122,050		122,533
Fees and commissions		1,531,974		1,549,993
Trading income		292,761		293,494
Other operating income		575,937		371,477
Other ordinary income		568,709		635,572
Reversal of allowance for credit losses		—		60,200
Gains on loans written-off		64,487		78,880
Others		504,221		496,491
Ordinary expenses		4,618,801		4,605,643
Interest expenses		863,677		1,188,223
Interest on deposits		296,574		413,807
Interest on negotiable certificates of deposit		65,008		90,019
Interest on call money and bills sold		2,043		4,859
Interest on payables under repurchase agreements		81,400		142,829
Interest on payables under securities lending transactions		2,104		2,611
Interest on commercial papers		15,172		28,190
Interest on borrowed money		34,140		38,788
Interest on short-term bonds payable		22		2
Interest on bonds payable		171,514		195,064
Other interest expenses		195,695		272,050
Fees and commissions		203,484		222,795
Trading expenses		2,725		1,021
Other operating expenses		329,193		166,281
General and administrative expenses		2,663,503		2,693,315
Other ordinary expenses		556,217		334,006
Provision for allowance for credit losses		30,342		—
Others		525,875		334,006

Ordinary profits		1,360,767		1,462,418

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2017		For the fiscal year ended March 31, 2018
Extraordinary gains		17,620		54,993
Gains on disposition of fixed assets		17,463		6,297
Reversal of reserve for contingent liabilities from financial instruments transactions		156		—
Gains on exchange of shares of affiliates		—		48,695
Extraordinary losses		75,159		108,034
Losses on disposition of fixed assets		9,263		12,097
Losses on impairment of fixed assets		10,162		76,122
Provision for reserve for contingent liabilities from financial instruments transactions		—		244
Losses on change in equity		45,654		19,569
Losses on liquidation of equity securities of subsidiaries		5,313		—
Losses on exchange of shares of affiliates		4,538		—
Losses on sales of equity securities of subsidiaries		226		—

Profits before income taxes		1,303,228		1,409,377

Income taxes-current		319,060		300,032
Income taxes-deferred		23,116		13,404

Total taxes		342,177		313,436

Profits		961,050		1,095,940

Profits attributable to non-controlling interests		34,609		106,276

Profits attributable to owners of parent		926,440		989,664

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the fiscal year ended March 31, 2017			For the fiscal year ended March 31, 2018
Profits		961,050			1,095,940
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		(278,689	)		208,021
Net deferred gains (losses) on hedging instruments		(212,449	)		(65,001	)
Land revaluation excess		(21	)		(57	)
Foreign currency translation adjustments		(145,331	)		(22,627	)
Remeasurements of defined benefit plans		134,560			145,534
Share of other comprehensive income of associates accounted for using equity method		(128,510	)		(30,919	)

Total other comprehensive income		(630,441	)		234,950

Comprehensive income		330,609			1,330,891

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		303,054			1,209,604
Comprehensive income attributable to non-controlling interests		27,554			121,287

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2017


	(in millions of yen)
	Shareholders’ equity														Accumulated other comprehensive income
	Capital stock		Capital surplus			Retained earnings			Treasury stock			Total shareholders’ equity			Net unrealized gains (losses) on available- for-sale securities			Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,141,513		1,425,637			8,587,578			(298,922	)		11,855,806			2,486,627			337,297
Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates							8,464						8,464
Restated balance		2,141,513		1,425,637			8,596,043			(298,922	)		11,864,271			2,486,627			337,297
Changes during the period
Cash dividends							(246,557	)					(246,557	)
Profits attributable to owners of parent							926,440						926,440
Repurchase of treasury stock										(217,688	)		(217,688	)
Disposal of treasury stock				(936	)					3,350			2,414
Reversal of land revaluation excess							2,619						2,619
Changes in subsidiaries’ equity				(12,614	)								(12,614	)
Net changes of items other than shareholders’ equity																(302,029	)		(211,612	)

Total changes during the period		—		(13,550	)		682,503			(214,337	)		454,614			(302,029	)		(211,612	)

Balance at the end of the period		2,141,513		1,412,087			9,278,546			(513,260	)		12,318,885			2,184,597			125,684



	(in millions of yen)
	Accumulated other comprehensive income
	Land revaluation excess			Foreign currency translation adjustments			Remeasurements of defined benefit plans			Debt value adjustments of foreign subsidiaries and affiliates			Total accumulated other comprehensive income			Subscription rights to shares			Non- controlling interests			Total net assets
Balance at the beginning of the period		176,364			791,401			(189,526	)		—			3,602,163			8,260			1,920,538			17,386,769
Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates											(8,464	)		(8,464	)								—
Restated balance		176,364			791,401			(189,526	)		(8,464	)		3,593,699			8,260			1,920,538			17,386,769
Changes during the period
Cash dividends																							(246,557	)
Profits attributable to owners of parent																							926,440
Repurchase of treasury stock																							(217,688	)
Disposal of treasury stock																							2,414
Reversal of land revaluation excess																							2,619
Changes in subsidiaries’ equity																							(12,614	)
Net changes of items other than shareholders equity		(2,641	)		(233,062	)		124,427			(7,399	)		(632,317	)		(7,853	)		(542,819	)		(1,182,989	)

Total changes during the period		(2,641	)		(233,062	)		124,427			(7,399	)		(632,317	)		(7,853	)		(542,819	)		(728,375	)

Balance at the end of the period		173,723			558,339			(65,098	)		(15,863	)		2,961,382			407			1,377,719			16,658,394

Mitsubishi UFJ Financial Group, Inc.

For the fiscal year ended March 31, 2018


	(in millions of yen)
	Shareholders’ equity														Accumulated other comprehensive income
	Capital stock		Capital surplus			Retained earnings			Treasury stock			Total shareholders’ equity			Net unrealized gains (losses) on available- for- sale securities		Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,141,513		1,412,087			9,278,546			(513,260	)		12,318,885			2,184,597		125,684
Changes during the period
Cash dividends							(241,050	)					(241,050	)
Profits attributable to owners of parent							989,664						989,664
Repurchase of treasury stock										(201,051	)		(201,051	)
Disposal of treasury stock				(10	)					2,098			2,088
Retirement of treasury stock				(190,054	)					190,054			—
Reversal of land revaluation excess							3,426						3,426
Changes in subsidiaries’ equity				(25,218	)								(25,218	)
Effects due to revision of accounting standards for foreign subsidiaries and affiliates							34,063						34,063
Net changes of items other than shareholders’ equity																203,637		(66,324	)

Total changes during the period		—		(215,283	)		786,103			(8,898	)		561,921			203,637		(66,324	)

Balance at the end of the period		2,141,513		1,196,803			10,064,649			(522,158	)		12,880,807			2,388,234		59,360



	(in millions of yen)
	Accumulated other comprehensive income
	Land revaluation excess			Foreign currency translation adjustments			Remeasurements of defined benefit plans			Debt value adjustments of foreign subsidiaries and affiliates			Total accumulated other comprehensive income		Subscription rights to shares			Non- controlling interests			Total net assets
Balance at the beginning of the period		173,723			558,339			(65,098	)		(15,863	)		2,961,382		407			1,377,719			16,658,394
Changes during the period
Cash dividends																						(241,050	)
Profits attributable to owners of parent																						989,664
Repurchase of treasury stock																						(201,051	)
Disposal of treasury stock																						2,088
Retirement of treasury stock																						—
Reversal of land revaluation excess																						3,426
Changes in subsidiaries’ equity																						(25,218	)
Effects due to revision of accounting standards for foreign subsidiaries and affiliates																						34,063
Net changes of items other than shareholders’ equity		(3,483	)		(58,781	)		127,281			(19,879	)		182,449		(132	)		(107,595	)		74,721

Total changes during the period		(3,483	)		(58,781	)		127,281			(19,879	)		182,449		(132	)		(107,595	)		636,643

Balance at the end of the period		170,239			499,557			62,182			(35,743	)		3,143,832		274			1,270,123			17,295,037

Mitsubishi UFJ Financial Group, Inc.

(4) Consolidated Statements of Cash Flows


(in millions of yen)	For the fiscal year ended March 31, 2017			For the fiscal year ended March 31, 2018
Cash flows from operating activities:
Profits before income taxes		1,303,228			1,409,377
Depreciation and amortization		316,411			321,207
Impairment losses		10,162			76,122
Amortization of goodwill		16,737			17,603
Equity in losses (gains) of equity method investees		(244,453	)		(242,885	)
Increase (decrease) in allowance for credit losses		(92,783	)		(155,657	)
Increase (decrease) in reserve for bonuses		(285	)		4,759
Increase (decrease) in reserve for bonuses to directors		202			21
Increase (decrease) in reserve for stocks payment		10,400			1,206
Decrease (increase) in net defined benefit assets		(92,720	)		(123,708	)
Increase (decrease) in net defined benefit liabilities		1,652			(260	)
Increase (decrease) in reserve for retirement benefits to directors		14			(40	)
Increase (decrease) in reserve for loyalty award credits		959			600
Increase (decrease) in reserve for contingent losses		175,716			(66,513	)
Interest income recognized on statement of income		(2,888,134	)		(3,094,990	)
Interest expenses recognized on statement of income		863,677			1,188,223
Losses (gains) on securities		(181,811	)		(188,581	)
Losses (gains) on money held in trust		8,771			450
Foreign exchange losses (gains)		459,763			417,825
Losses (gains) on sales of fixed assets		(8,200	)		5,800
Net decrease (increase) in trading assets		(1,737,675	)		6,172,302
Net increase (decrease) in trading liabilities		1,448,201			(7,200,920	)
Net decrease (increase) in unsettled trading accounts		(50,814	)		(60,914	)
Net decrease (increase) in loans and bills discounted		4,065,265			962,022
Net increase (decrease) in deposits		10,427,476			6,551,091
Net increase (decrease) in negotiable certificates of deposit		(242,013	)		(1,483,766	)
Net increase (decrease) in borrowed money (excluding subordinated borrowings)		4,551,643			(429,679	)
Net decrease (increase) in due from banks (excluding cash equivalents)		802,579			(5,220,840	)
Net decrease (increase) in call loans and bills bought and others		(1,413,158	)		2,362,074
Net decrease (increase) in receivables under securities borrowing transactions		(5,203,785	)		1,786,118
Net increase (decrease) in call money and bills sold and others		(3,999,428	)		631,521
Net increase (decrease) in commercial papers		33,847			(128,226	)
Net increase (decrease) in payables under securities lending transactions		850,842			2,612,538
Net decrease (increase) in foreign exchanges (assets)		(302,389	)		(844,857	)
Net increase (decrease) in foreign exchanges (liabilities)		(81,641	)		64,974
Net increase (decrease) in short-term bonds payable		95,507			(699	)
Net increase (decrease) in issuance and redemption of unsubordinated bonds payable		422,720			188,578
Net increase (decrease) in due to trust accounts		(3,402,151	)		488,598
Interest income (cash basis)		3,023,722			3,181,494
Interest expenses (cash basis)		(847,418	)		(1,170,125	)
Others		(684,097	)		(809,354	)

Sub-total		7,416,541			7,222,489

Income taxes		(427,841	)		(250,661	)
Refund of income taxes		24,364			32,370

Net cash provided by (used in) operating activities		7,013,064			7,004,197

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2017			For the fiscal year ended March 31, 2018
Cash flows from investing activities:
Purchases of securities		(56,618,395	)		(72,969,164	)
Proceeds from sales of securities		39,602,665			33,353,855
Proceeds from redemption of securities		26,428,256			39,501,328
Payments for increase in money held in trust		(763,127	)		(540,772	)
Proceeds from decrease in money held in trust		615,931			401,831
Purchases of tangible fixed assets		(121,733	)		(159,814	)
Purchases of intangible fixed assets		(249,744	)		(247,378	)
Proceeds from sales of tangible fixed assets		31,815			11,790
Proceeds from sales of intangible fixed assets		2,890			700
Payments for transfer of business		—			(7,060	)
Payments for acquisition of subsidiaries’ equity affecting the scope of consolidation		(21,954	)		(20	)
Proceeds from sales of subsidiaries’ equity affecting the scope of consolidation		2,761			—
Others		(1,815	)		(2,172	)

Net cash provided by (used in) investing activities		8,907,549			(656,875	)

Cash flows from financing activities:
Proceeds from subordinated borrowings		31,000			39,500
Repayments of subordinated borrowings redemption		(50,592	)		(245,328	)
Proceeds from issuance of subordinated bonds payable and bonds with warrants		837,401			863,460
Payments for redemption of subordinated bonds payable and bonds with warrants		(476,943	)		(256,196	)
Proceeds from issuance of common stock to non-controlling shareholders		1,195			2,196
Repayments to non-controlling shareholders		(854	)		(16	)
Payments for redemption of preferred securities		(468,956	)		(150,000	)
Dividends paid by MUFG		(246,563	)		(241,067	)
Dividends paid by subsidiaries to non-controlling shareholders		(77,008	)		(53,896	)
Purchases of treasury stock		(217,666	)		(201,050	)
Proceeds from sales of treasury stock		3			2,225
Payments for purchases of subsidiaries’ equity not affecting the scope of consolidation		(1,612	)		(50,364	)
Proceeds from sales of subsidiaries’ equity not affecting the scope of consolidation		0			0
Others		4			0

Net cash provided by (used in) financing activities		(670,592	)		(290,538	)

Effect of foreign exchange rate changes on cash and cash equivalents		(45,486	)		(80,462	)

Net increase (decrease) in cash and cash equivalents		15,204,534			5,976,322

Cash and cash equivalents at the beginning of the period		18,763,856			33,968,391

Cash and cash equivalents at the end of the period		33,968,391			39,944,713

Mitsubishi UFJ Financial Group, Inc.

Notes to the Consolidated Financial Statements

(Notes on Going-Concern Assumption)

None.

(Segment Information)

1.	Information on net revenue and operating profit (loss) for each reporting segment

For the Fiscal Year Ended March 31, 2018


	(in millions of yen)
	Retail Banking Business Group		Corporate Banking Business Group		Global Business Group		Trust Assets Business Group		Total of Customer Business		Global Markets Business Group		Other			Total
Net revenue		1,226,863		1,003,169		1,279,564		186,670		3,514,831		477,154		(24,778	)		3,967,207
Operating expenses		960,746		580,703		857,283		116,862		2,363,839		222,642		156,668			2,743,150
Operating profit (loss)		266,116		422,466		422,281		69,808		1,150,991		254,511		(181,446	)		1,224,056

(Notes)

“Net revenue” in the above table is used in lieu of net sales generally used by Japanese non-financial companies.

“Net revenue” includes net interest income, trust fees, net fees and commissions, net trading profit, and net other operating profit.

“Operating expenses” includes personnel expenses and premise expenses.

Assets and liabilities of each reporting segment are not reported since MUFG does not allocate assets and liabilities among the segments for internal management purposes.

“Net revenue” and “Operating expenses” for each of the Corporate Banking Business Group and the Global Business Group include net revenue and operating expenses relating to overseas Japanese corporate transactions. The amounts relating to such transactions included in each of these reporting segments are as follows: ¥181,436 million of net revenue, ¥151,755 million of operating expenses and ¥29,680 million of operating profit. Adjustments have been made by deducting these amounts from the Total of Customer Business.

2.	Reconciliation of the total operating profit in each of the above tables to the ordinary profit in the consolidated statements of income for the corresponding twelve-month period


operating profit	For the fiscal year ended March 31,2018
Total operating profit of reporting segments		1,224,056
Operating profit of consolidated subsidiaries excluded from reporting segments		24,575
Credit related expenses		(185,191	)
Gains on reversal of allowance for credit losses		60,200
Gains on loans written-off		78,880
Net gains on equity securities and other securities		133,178
Equity in gains of the equity method investees		242,885
Others		(116,165	)
Ordinary profit in the consolidated statements of income		1,462,418

Mitsubishi UFJ Financial Group, Inc.

(Per Share Information)


	For the fiscal year ended March 31, 2018
Total equity per common share		¥1,217.41
Basic earnings per common share		¥74.55
Diluted earnings per common share		¥74.28

(Notes)

1.	The bases for the calculation of basic earnings per common share and diluted earnings per common share for the periods indicated were as follows:


		For the fiscal year ended March 31, 2018
Basic earnings per common share
Profits attributable to owners of parent	million yen	989,664
Profits not attributable to common shareholders	million yen	—
Profits attributable to common shareholders of parent	million yen	989,664
Average number of common shares during the period	thousand shares	13,274,746
Diluted earnings per common share
Adjustment to profits attributable to owners of parent	million yen	(3,451)
Adjustment related to dilutive shares of consolidated subsidiaries and others	million yen	(3,451)
Increase in common shares	thousand shares	631
Subscription rights to shares	thousand shares	631
Description of antidilutive securities which were not included in the calculation of diluted earnings per share		Share subscription rights issued by equity method affiliates: Morgan Stanley Stock options and others - 0 million units as of December 31, 2017

2.	The bases for the calculation of total equity per common share for the period indicated were as follows:


		As of March 31, 2018
Total equity	million yen	17,295,037
Deductions from total equity:	million yen	1,270,398
Subscription rights to shares	million yen	274
Non-controlling interests	million yen	1,270,123
Total equity attributable to common shares	million yen	16,024,639
Number of common shares at period end used for the calculation of total equity per common share	thousand shares	13,162,889

Selected Financial Information

under Japanese GAAP

For the Fiscal Year Ended March 31, 2018


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


1. Financial Results	[ MUFG Consolidated ]1[ BK and TB Combined ]234 [ BK Consolidated ][ BK Non-consolidated ] [ TB Consolidated ][ TB Non-consolidated ]	1

2. Average Interest Rate Spread	[ BK Non-consolidated ][ TB Non-consolidated ] [ BK and TB Combined ]	7

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting	[ MUFG Consolidated ][ BK Consolidated ] [ TB Consolidated ]	8

4. Securities	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	9

5. ROE	[ MUFG Consolidated ]	12

6. Risk-Adjusted Capital Ratio	[ MUFG Consolidated ][ BK Consolidated ][ TB Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	13

7. Risk-Monitored Loans	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Account ]	14

8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)	[ BK and TB Combined including Trust Account ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Account ]	18

9. Progress in Disposition of Problem Assets	[ BK Non-consolidated ] [ TB Non-consolidated including Trust Account ]	23

10. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors	[ BK and TB Combined including Trust Accounts ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Accounts ]	25

11. Overseas Loans	[ BK and TB Combined ]	29

12. Loans and Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	30

13. Domestic Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	31

14. Status of Deferred Tax Assets	[ BK Non-consolidated ][ TB Non-consolidated ]	32

15. Retirement Benefits	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	34

(References)

1. Financial Statements	[ BK Non-consolidated ][ TB Non-consolidated ]	37

(*1)	“MUFG” means Mitsubishi UFJ Financial Group, Inc.

(*2)	“BK” means MUFG Bank, Ltd.

(*3)	“TB” means Mitsubishi UFJ Trust and Banking Corporation.

(*4)	“BK and TB Combined” means simple sum of “BK” and “TB” without consolidation processes.

The Bank of Tokyo-Mitsubishi UFJ, Ltd. changed its name to MUFG Bank, Ltd. as of April 1, 2018.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2018 (A)			March 31, 2017 (B)			(Decrease) (A) - (B)
Gross profits		3,854,231			4,011,809			(157,577	)
Gross profits before credit costs for trust accounts		3,854,231			4,011,808			(157,576	)
Net interest income		1,906,831			2,024,487			(117,656	)
Trust fees		122,533			122,050			483
Credit costs for trust accounts (1)		—			0			(0	)
Net fees and commissions		1,327,198			1,328,490			(1,292	)
Net trading profits		292,472			290,035			2,436
Net other operating profits		205,195			246,744			(41,548	)
Net gains (losses) on debt securities		6,707			56,871			(50,163	)
General and administrative expenses		2,621,431			2,593,576			27,854
Amortization of goodwill		17,603			16,737			866
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		1,250,403			1,434,969			(184,565	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		1,232,800			1,418,231			(185,431	)
Provision for general allowance for credit losses (2)		—			(210,257	)		210,257
Net operating profits*		1,232,800			1,207,974			24,825
Net non-recurring gains (losses)		229,618			152,793			76,825
Credit costs (3)		(185,191	)		(9,606	)		(175,585	)
Losses on loan write-offs		(161,192	)		(136,423	)		(24,769	)
Provision for specific allowance for credit losses		—			181,550			(181,550	)
Other credit costs		(23,998	)		(54,733	)		30,734
Reversal of allowance for credit losses (4)		60,200			—			60,200
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		78,880			64,487			14,392
Net gains (losses) on equity securities		133,178			124,940			8,238
Gains on sales of equity securities		174,633			171,875			2,757
Losses on sales of equity securities		(34,446	)		(44,378	)		9,931
Losses on write-down of equity securities		(7,008	)		(2,557	)		(4,450	)
Profits (losses) from investments in affiliates		242,885			244,453			(1,567	)
Other non-recurring gains (losses)		(100,334	)		(271,481	)		171,147

Ordinary profits		1,462,418			1,360,767			101,651

Net extraordinary gains (losses)		(53,041	)		(57,539	)		4,498
Losses on impairment of fixed assets		(76,122	)		(10,162	)		(65,960	)
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		1,409,377			1,303,228			106,149
Income taxes-current		300,032			319,060			(19,028	)
Income taxes-deferred		13,404			23,116			(9,712	)
Total taxes		313,436			342,177			(28,740	)
Profits		1,095,940			961,050			134,890
Profits attributable to non-controlling interests		106,276			34,609			71,666

Profits attributable to owners of parent		989,664			926,440			63,223


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)		(46,110	)		(155,376	)		109,265

Number of consolidated subsidiaries		209			213			(4	)
Number of affiliated companies accounted for under the equity method		56			58			(2	)

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2018 (A)			March 31, 2017 (B)			(Decrease) (A) - (B)
Gross profits		2,029,854			2,190,471			(160,617	)
Gross profits before credit costs for trust accounts		2,029,854			2,190,471			(160,616	)
Domestic gross profits		1,121,090			1,280,884			(159,794	)
Net interest income		560,740			684,142			(123,401	)
Trust fees		96,401			94,645			1,756
Credit costs for trust accounts (1)		—			0			(0	)
Net fees and commissions		375,606			387,166			(11,560	)
Net trading profits		(3,192	)		13,015			(16,207	)
Net other operating profits		91,534			101,914			(10,379	)
Net gains (losses) on debt securities		75,586			78,072			(2,486	)
Non-domestic gross profits		908,764			909,587			(823	)
Net interest income		558,987			537,616			21,371
Net fees and commissions		195,172			206,762			(11,589	)
Net trading profits		82,282			96,227			(13,945	)
Net other operating profits		72,321			68,981			3,340
Net gains (losses) on debt securities		(69,580	)		(33,191	)		(36,389	)
General and administrative expenses		1,313,296			1,342,025			(28,728	)
Personnel expenses		473,814			480,593			(6,779	)
Non-personnel expenses		770,626			785,425			(14,798	)
Taxes		68,855			76,006			(7,151	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		716,557			848,445			(131,888	)
Provision for general allowance for credit losses (2)		—			(32,040	)		32,040
Net operating profits		716,557			816,405			(99,847	)
Net non-recurring gains (losses)		126,627			(19,711	)		146,339
Credit costs (3)		(74,138	)		(83,298	)		9,160
Losses on loan write-offs		(49,908	)		(36,428	)		(13,479	)
Provision for specific allowance for credit losses		—			8,430			(8,430	)
Other credit costs		(24,230	)		(55,300	)		31,070
Reversal of allowance for credit losses (4)		127,343			45,784			81,559
Reversal of reserve for contingent losses included in credit costs (5)		561			607			(45	)
Gains on loans written-off (6)		25,779			20,982			4,797
Net gains (losses) on equity securities		120,684			112,151			8,532
Gains on sales of equity securities		163,036			160,452			2,583
Losses on sales of equity securities		(36,618	)		(46,665	)		10,046
Losses on write-down of equity securities		(5,733	)		(1,635	)		(4,098	)
Other non-recurring gains (losses)		(73,603	)		(115,938	)		42,334

Ordinary profits		843,185			796,694			46,491

Net extraordinary gains (losses)		(13,327	)		(8,104	)		(5,222	)
Net gains (losses) on disposition of fixed assets		(6,861	)		2,261			(9,123	)
Losses on impairment of fixed assets		(59,277	)		(4,237	)		(55,039	)
Gains on exchange of shares of affiliates		52,811			—			52,811
Losses on liquidation of equity securities of subsidiaries		—			(7,941	)		7,941
Gains on sales of equity securities of subsidiaries		—			2,600			(2,600	)
Income before income taxes		829,858			788,589			41,268
Income taxes-current		189,205			214,422			(25,216	)
Income taxes-deferred		16,186			(27,543	)		43,730
Total taxes		205,392			186,878			18,513

Net income		624,465			601,710			22,754

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		79,546			(47,964	)		127,511

Mitsubishi UFJ Financial Group, Inc.

BK Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2018 (A)			March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,625,973			2,771,308			(145,335	)
Net interest income		1,586,230			1,712,876			(126,646	)
Trust fees		13,652			13,865			(213	)
Net fees and commissions		723,163			729,808			(6,645	)
Net trading profits		82,988			106,750			(23,762	)
Net other operating profits		219,939			208,006			11,932
Net gains (losses) on debt securities		13,726			44,866			(31,140	)
General and administrative expenses		1,778,650			1,743,554			35,095
Amortization of goodwill		16,368			15,498			870
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		863,691			1,043,252			(179,561	)
Net operating profits before provision for general allowance for credit losses		847,322			1,027,753			(180,431	)
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits*		847,322			1,027,753			(180,431	)
Net non-recurring gains (losses)		54,227			(35,698	)		89,925
Credit costs (2)		(103,268	)		(126,921	)		23,652
Losses on loan write-offs		(78,300	)		(71,520	)		(6,779	)
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(24,968	)		(55,400	)		30,432
Reversal of allowance for credit losses (3)		59,568			11,034			48,534
Reversal of reserve for contingent losses included in credit costs (4)		—			—			—
Gains on loans written-off (5)		58,357			44,186			14,171
Net gains (losses) on equity securities		92,093			96,094			(4,000	)
Gains on sales of equity securities		133,289			142,947			(9,657	)
Losses on sales of equity securities		(35,261	)		(44,792	)		9,530
Losses on write-down of equity securities		(5,934	)		(2,060	)		(3,873	)
Profits (losses) from investments in affiliates		25,456			21,891			3,565
Other non-recurring gains (losses)		(77,979	)		(81,982	)		4,003

Ordinary profits		901,550			992,055			(90,505	)

Net extraordinary gains (losses)		(57,898	)		(2,515	)		(55,383	)
Net gains (losses) on disposition of fixed assets		(4,404	)		10,734			(15,139	)
Losses on impairment of fixed assets		(53,493	)		(5,778	)		(47,714	)
Losses on liquidation of equity securities of subsidiaries		—			(3,236	)		3,236
Losses on exchange of shares of affiliates		—			(4,007	)		4,007
Profits before income taxes		843,651			989,540			(145,888	)
Income taxes-current		205,415			234,738			(29,323	)
Income taxes-deferred		20,280			10,391			9,888
Total taxes		225,695			245,130			(19,435	)
Profits		617,956			744,409			(126,453	)
Profits attributable to non-controlling interests		42,695			54,480			(11,784	)

Profits attributable to owners of parent		575,260			689,929			(114,669	)

Note:
* Net operating profits = Net operating profits of BK + 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)		14,657			(71,700	)		86,357
Number of consolidated subsidiaries		126			127			(1	)
Number of affiliated companies accounted for under the equity method		48			50			(2	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2018 (A)			March 31, 2017 (B)			(Decrease) (A) - (B)
Gross profits		1,673,145			1,808,757			(135,611	)
Domestic gross profits		922,922			1,010,035			(87,113	)
Net interest income		549,415			601,653			(52,238	)
Net fees and commissions		274,537			285,755			(11,218	)
Net trading profits		(59	)		19,401			(19,461	)
Net other operating profits		99,029			103,224			(4,194	)
Net gains (losses) on debt securities		72,886			85,973			(13,086	)
Non-domestic gross profits		750,223			798,721			(48,498	)
Net interest income		415,913			461,816			(45,903	)
Net fees and commissions		191,384			202,267			(10,882	)
Net trading profits		63,532			88,872			(25,340	)
Net other operating profits		79,392			45,764			33,627
Net gains (losses) on debt securities		(60,358	)		(52,118	)		(8,239	)
General and administrative expenses		1,118,781			1,141,768			(22,986	)
Personnel expenses		403,022			404,345			(1,322	)
Non-personnel expenses		657,928			672,758			(14,830	)
Amortization of goodwill		346			359			(13	)
Taxes		57,830			64,664			(6,834	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		554,710			667,348			(112,638	)
Net operating profits before provision for general allowance for credit losses		554,364			666,989			(112,624	)
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits		554,364			666,989			(112,624	)
Net non-recurring gains (losses)		82,727			(34,783	)		117,510
Credit costs (2)		(69,947	)		(91,522	)		21,574
Reversal of allowance for credit losses (3)		101,178			45,784			55,394
Reversal of reserve for contingent losses included in credit costs (4)		—			—			—
Gains on loans written-off (5)		24,827			20,275			4,551
Net gains (losses) on equity securities		89,744			94,823			(5,079	)
Gains on sales of equity securities		129,001			140,261			(11,260	)
Losses on sales of equity securities		(34,675	)		(44,045	)		9,370
Losses on write-down of equity securities		(4,581	)		(1,391	)		(3,189	)
Other non-recurring gains (losses)		(63,075	)		(104,144	)		41,069

Ordinary profits		637,091			632,205			4,886

Net extraordinary gains (losses)		(57,017	)		78			(57,096	)
Net gains (losses) on disposition of fixed assets		(6,017	)		3,509			(9,527	)
Losses on impairment of fixed assets		(51,000	)		(394	)		(50,606	)
Losses on liquidation of equity securities of subsidiaries		—			(4,850	)		4,850
Gains on sales of equity securities of subsidiaries		—			2,600			(2,600	)
Income before income taxes		580,073			632,284			(52,210	)
Income taxes-current		146,632			170,663			(24,030	)
Refund of income taxes		(17,311	)		(6,295	)		(11,015	)
Income taxes-deferred		13,041			(13,539	)		26,580
Total taxes		142,362			150,828			(8,465	)

Net income		437,710			481,455			(43,744	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		56,058			(25,462	)		81,520
Provision for general allowance for credit losses		131,639			(157,631	)		289,270
Provision for special allowance for credit losses		(30,291	)		203,483			(233,774	)
Allowance for credit to specific foreign borrowers		(170	)		(67	)		(102	)
Losses on loans write-off		(45,325	)		(36,075	)		(9,249	)
Provision for contingent losses included in credit costs		(11,285	)		(49,022	)		37,737
Gains on loans written-off		24,827			20,275			4,551
Losses on sales of other loans, etc.		(13,337	)		(6,424	)		(6,913	)

Mitsubishi UFJ Financial Group, Inc.

TB Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2018 (A)			March 31, 2017 (B)			(Decrease) (A) - (B)
Gross profits		461,205			483,129			(21,924	)
Gross profits before credit costs for trust accounts		461,205			483,129			(21,923	)
Trust fees		109,377			108,418			958
Trust fees before credit costs for trust accounts		109,377			108,418			958
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		14,403			21,883			(7,480	)
Other trust fees		94,973			86,534			8,438
Credit costs for trust accounts (1)		—			0			(0	)
Net interest income		134,698			135,322			(624	)
Net fees and commissions		204,410			205,398			(988	)
Net trading profits		19,970			6,210			13,759
Net other operating profits		(7,250	)		27,778			(35,029	)
Net gains (losses) on debt securities		(6,624	)		10,869			(17,494	)
General and administrative expenses		286,067			289,854			(3,786	)
Amortization of goodwill		1,231			1,235			(3	)
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		176,369			194,510			(18,140	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		175,138			193,275			(18,136	)
Provision for general allowance for credit losses (2)		—			(32,039	)		32,039
Net operating profits*		175,138			161,236			13,902
Net non-recurring gains (losses)		45,482			18,143			27,339
Credit costs (3)		(4,229	)		8,252			(12,481	)
Losses on loan write-offs		(4,621	)		(386	)		(4,234	)
Provision for specific allowance for credit losses		—			8,497			(8,497	)
Other credit costs		392			141			251
Reversal of allowance for credit losses (4)		26,254			—			26,254
Reversal of reserve for contingent losses included in credit costs (5)		555			646			(91	)
Gains on loans written-off (6)		996			784			212
Net gains (losses) on equity securities		30,939			17,386			13,552
Gains on sales of equity securities		34,035			20,273			13,762
Losses on sales of equity securities		(1,943	)		(2,643	)		699
Losses on write-down of equity securities		(1,152	)		(243	)		(909	)
Profits (losses) from investments in affiliates		4,283			4,248			34
Other non-recurring gains (losses)		(13,318	)		(13,175	)		(142	)

Ordinary profits		220,620			179,379			41,241

Net extraordinary gains (losses)		28,798			(7,707	)		36,506
Net gains (losses) on disposition of fixed assets		(473	)		(994	)		520
Losses on impairment of fixed assets		(19,423	)		(3,892	)		(15,530	)
Gains on exchange of shares of affiliates		48,695			—			48,695
Losses on liquidation of equity securities of subsidiaries		—			(2,820	)		2,820
Profits before income taxes		249,419			171,671			77,747
Income taxes-current		70,439			61,085			9,354
Income taxes-deferred		1,069			(15,034	)		16,104
Total taxes		71,509			46,050			25,458
Profits		177,910			125,620			52,289
Profits attributable to non-controlling interests		9,707			11,311			(1,604	)

Profits attributable to owners of parent		168,203			114,308			53,894


Note:
* Net operating profits = Net operating profits of TB + 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)		23,577			(22,355	)		45,933

Number of consolidated subsidiaries		49			51			(2	)
Number of affiliated companies accounted for under the equity method		8			11			(3	)

TB Consolidated (combined operating results of TB and transferred entities to Intermediate Holding Company in the United States)
In July 2016 and July 2017, to comply with the financial regulations in the United States, TB transferred the interests in its subsidiaries in the United States to the Intermediate Holding Company (“IHC”) in United States which are owned by BK and MUFG. The combined operating results of TB and transferred entities are as follows (the operating results of transferred entities are prepared for managerial accounting purpose):
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		175,489			193,396			(17,906	)
Profits attributable to owners of parent		168,445			114,383			54,062
Number of the entities transferred to IHC		3			1			2

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2018 (A)			March 31, 2017 (B)			(Decrease) (A) - (B)
Gross profits		356,708			381,714			(25,005	)
Gross profits before credit costs for trust accounts		356,708			381,713			(25,005	)
Domestic gross profits		198,167			270,848			(72,680	)
Trust fees		96,401			94,645			1,756
Trust fees before credit costs for trust accounts		96,401			94,644			1,756
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		14,403			21,883			(7,480	)
Other trust fees		81,997			72,760			9,236
Credit costs for trust accounts (1)		—			0			(0	)
Net interest income		11,325			82,488			(71,163	)
Net fees and commissions		101,069			101,411			(342	)
Net trading profits		(3,132	)		(6,386	)		3,253
Net other operating profits		(7,495	)		(1,310	)		(6,185	)
Net gains (losses) on debt securities		2,699			(7,900	)		10,600
Non-domestic gross profits		158,540			110,866			47,674
Net interest income		143,074			75,799			67,274
Net fees and commissions		3,787			4,495			(707	)
Net trading profits		18,749			7,354			11,394
Net other operating profits		(7,070	)		23,216			(30,287	)
Net gains (losses) on debt securities		(9,222	)		18,927			(28,150	)
General and administrative expenses		194,515			200,257			(5,742	)
Personnel expenses		70,791			76,248			(5,456	)
Non-personnel expenses		112,698			112,666			31
Taxes		11,025			11,341			(316	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		162,193			181,456			(19,263	)
Provision for general allowance for credit losses (2)		—			(32,040	)		32,040
Net operating profits		162,193			149,416			12,776
Net non-recurring gains (losses)		43,900			15,072			28,828
Credit costs (3)		(4,190	)		8,223			(12,414	)
Reversal of allowance for credit losses (4)		26,165			—			26,165
Reversal of reserve for contingent losses included in credit costs (5)		561			607			(45	)
Gains on loans written-off (6)		952			706			245
Net gains (losses) on equity securities		30,939			17,327			13,611
Gains on sales of equity securities		34,035			20,191			13,844
Losses on sales of equity securities		(1,943	)		(2,620	)		676
Losses on write-down of equity securities		(1,152	)		(243	)		(909	)
Other non-recurring gains (losses)		(10,527	)		(11,793	)		1,265

Ordinary profits		206,093			164,488			41,605

Net extraordinary gains (losses)		43,690			(8,183	)		51,874
Net gains (losses) on disposition of fixed assets		(843	)		(1,248	)		404
Losses on impairment of fixed assets		(8,276	)		(3,843	)		(4,433	)
Gains on exchange of shares of affiliates		52,811			—			52,811
Losses on liquidation of equity securities of subsidiaries		—			(3,091	)		3,091
Income before income taxes		249,784			156,305			93,479
Income taxes-current		59,884			50,055			9,829
Income taxes-deferred		3,145			(14,004	)		17,149
Total taxes		63,030			36,050			26,979

Net income		186,754			120,254			66,499


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		23,488			(22,502	)		45,990
Credit costs for trust accounts		—			0			(0	)
Provision for general allowance for credit losses		26,017			(32,040	)		58,058
Provision for special allowance for credit losses		145			8,430			(8,284	)
Allowance for credit to specific foreign borrowers		1			(1	)		3
Losses on loans write-offs		(4,582	)		(352	)		(4,230	)
Provision for contingent losses included in credit costs		561			607			(45	)
Gains on loans written-off		952			706			245
Losses on sales of other loans, etc.		392			148			244

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BK Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2018 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2017 (B)
Total average interest rate on interest-earning assets (a)		0.51			(0.04	)		0.55
Average interest rate on loans and bills discounted (b)		0.88			0.00			0.87
Average interest rate on securities		0.56			(0.11	)		0.67
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.55			(0.06	)		0.61
Average interest rate on deposits and NCD (d)		0.00			(0.00	)		0.00
Average interest rate on other liabilities		0.20			(0.04	)		0.24
Overall interest rate spread (a)-(c)		(0.04	)		0.01			(0.05	)
Interest rate spread (b)-(d)		0.88			0.01			0.87

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.94			(0.04	)		0.98
Interest rate spread (e)-(d)		0.93			(0.04	)		0.97

TB Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2018 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2017 (B)
Total average interest rate on interest-earning assets (a)		0.17			(0.32	)		0.49
Average interest rate on loans and bills discounted (b)		0.44			(0.05	)		0.50
Average interest rate on securities		(0.28	)		(1.14	)		0.86
Total average interest rate on interest-bearing liabilities (c)		0.09			(0.03	)		0.12
Average interest rate on deposits and NCD (d)		0.06			(0.01	)		0.08
Overall interest rate spread (a)-(c)		0.07			(0.29	)		0.37
Interest rate spread (b)-(d)		0.38			(0.04	)		0.42

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.50			(0.04	)		0.54
Interest rate spread (e)-(d)		0.43			(0.02	)		0.45

BK and TB Combined
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2018 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2017 (B)
Average interest rate on loans and bills discounted (a)		0.80			(0.01	)		0.81
Average interest rate on deposits and NCD (b)		0.01			(0.00	)		0.01
Interest rate spread (a)-(b)		0.79			(0.00	)		0.79

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (c)		0.86			(0.04	)		0.91
Interest rate spread (c)-(b)		0.85			(0.04	)		0.89

Mitsubishi UFJ Financial Group, Inc.

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

MUFG Consolidated

(in billions of yen)

As of March 31, 2018

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

691.6

5,114.1

13,597.4

19,403.2

Receive-floater/pay-fix

474.5

5,664.6

2,500.5

8,639.7

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

1,166.2

10,778.7

16,097.9

28,043.0

BK Consolidated

(in billions of yen)

As of March 31, 2018

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

632.1

4,712.8

13,509.7

18,854.8

Receive-floater/pay-fix

15.2

3,906.2

680.7

4,602.3

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

647.4

8,619.1

14,190.5

23,457.2

TB Consolidated

(in billions of yen)

As of March 31, 2018

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

59.5

401.2

87.7

548.4

Receive-floater/pay-fix

454.8

1,705.9

1,800.7

3,961.5

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

514.3

2,107.1

1,888.4

4,509.9

Mitsubishi UFJ Financial Group, Inc.

4. 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”.

Fair Value Information on Securities


	(in millions of yen)
	As of March 31, 2018									As of March 31, 2017
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Debt securities being held to maturity		3,593,058		37,990			55,058		17,068		3,560,825		50,325			62,484		12,158
Domestic bonds		1,100,828		40,211			40,211		—		1,100,955		43,114			43,114		—
Government bonds		1,100,828		40,211			40,211		—		1,100,955		43,114			43,114		—
Municipal bonds		—		—			—		—		—		—			—		—
Corporate bonds		—		—			—		—		—		—			—		—
Other		2,492,230		(2,221	)		14,847		17,068		2,459,870		7,211			19,369		12,158
Foreign bonds		1,120,883		(9,438	)		6,408		15,846		1,212,321		(1,719	)		10,253		11,973
Other		1,371,346		7,216			8,438		1,222		1,247,549		8,930			9,115		185

	(in millions of yen)
	As of March 31, 2018									As of March 31, 2017
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Available-for-sale securities		55,397,324		3,517,412			3,922,054		404,642		54,813,148		3,139,063			3,433,950		294,887
Domestic equity securities		5,541,043		3,220,193			3,258,960		38,767		5,164,653		2,635,191			2,686,496		51,305
Domestic bonds		26,980,627		305,519			313,043		7,524		27,688,842		399,130			411,190		12,060
Government bonds		22,450,541		259,042			261,077		2,035		24,010,611		351,011			353,046		2,034
Municipal bonds		1,536,392		5,284			7,804		2,520		1,009,875		3,468			7,913		4,444
Corporate bonds		2,993,693		41,192			44,161		2,969		2,668,355		44,650			50,231		5,581
Other		22,875,652		(8,300	)		350,049		358,350		21,959,652		104,742			336,263		231,521
Foreign equity securities		334,540		35,975			78,677		42,702		182,802		49,875			59,492		9,616
Foreign bonds		17,448,342		(139,099	)		120,866		259,965		17,917,306		(8,487	)		154,280		162,768
Other		5,092,769		94,823			150,505		55,682		3,859,542		63,353			122,489		59,136

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2018									As of March 31, 2017
	within 1 year		1 year to 5 years			5 years to 10 years		over 10 years		within 1 year		1 year to 5 years			5 years to 10 years		over 10 years
Domestic bonds		11,064,591		8,636,608			5,905,166		2,475,089		14,113,212		7,132,897			4,429,887		3,114,000
Government bonds		10,876,130		7,616,696			3,629,426		1,429,117		13,915,176		6,273,172			2,798,360		2,124,856
Municipal bonds		45,004		199,081			1,292,126		180		42,038		115,764			851,782		290
Corporate bonds		143,457		820,830			983,613		1,045,791		155,997		743,959			779,744		988,853
Other		2,813,304		5,611,715			6,162,056		8,021,620		2,416,059		6,338,667			5,711,596		7,146,492
Foreign bonds		2,604,848		4,379,714			5,323,315		6,238,067		2,341,343		5,597,815			4,493,257		6,686,389
Other		208,455		1,232,000			838,740		1,783,552		74,716		740,852			1,218,339		460,103
Total		13,877,896		14,248,323			12,067,222		10,496,709		16,529,272		13,471,564			10,141,484		10,260,492

Mitsubishi UFJ Financial Group, Inc.

BK 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”.

Fair Value Information on Securities

(in millions of yen)

As of March 31, 2018

As of March 31, 2017

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

1,909,933

44,573

45,248

674

2,348,504

52,045

52,230

185

Stocks of subsidiaries and affiliates

932,607

105,350

120,348

14,998

932,607

(8,940

)

41,986

50,927

(in millions of yen)

As of March 31, 2018

As of March 31, 2017

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Available-for-sale securities

38,764,391

2,757,167

2,981,731

224,564

37,723,034

2,347,803

2,535,654

187,850

Domestic equity securities

4,497,191

2,517,171

2,557,190

40,019

4,173,471

2,016,280

2,070,538

54,257

Domestic bonds

23,610,239

273,943

279,894

5,950

23,390,925

354,591

363,976

9,385

Other

10,656,960

(33,947

)

144,646

178,593

10,158,637

(23,069

)

101,139

124,208

Foreign equity securities

229,935

40,051

71,789

31,737

170,335

44,257

54,416

10,158

Foreign bonds

7,663,006

(56,832

)

46,299

103,132

7,853,982

(35,584

)

38,534

74,118

Other

2,764,018

(17,166

)

26,557

43,723

2,134,319

(31,742

)

8,188

39,931

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity

(in millions of yen)

As of March 31, 2018

As of March 31, 2017

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

Domestic bonds

10,173,197

6,604,091

5,849,537

2,084,241

13,027,854

4,251,676

4,320,651

2,891,699

Government bonds

9,999,700

5,681,642

3,619,368

1,069,042

12,877,083

3,503,258

2,747,703

1,913,228

Municipal bonds

44,986

199,081

1,292,113

161

42,038

115,711

851,777

260

Corporate bonds

128,510

723,367

938,056

1,015,036

108,733

632,706

721,169

978,210

Other

1,927,595

2,038,470

2,361,263

3,264,675

1,660,584

2,392,988

2,059,040

3,489,562

Foreign bonds

1,577,259

1,390,215

1,878,365

2,793,885

1,396,678

2,204,469

1,106,191

3,128,455

Other

350,335

648,255

482,898

470,789

263,905

188,519

952,848

361,106

Total

12,100,792

8,642,562

8,210,801

5,348,916

14,688,438

6,644,664

6,379,691

6,381,261

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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

Fair Value Information on Securities


	(in millions of yen)
	As of March 31, 2018									As of March 31, 2017
	Amount on balance sheet		Differences			Gains		Losses		Amount on balance sheet		Differences		Gains		Losses
Debt securities being held to maturity		494,365		2,702			3,250		547		—		—		—		—
Stocks of subsidiaries and affiliates		7,190		413			413		—		52,328		33,443		33,512		69

	(in millions of yen)
	As of March 31, 2018									As of March 31, 2017
	Amount on balance sheet		Differences			Gains		Losses		Amount on balance sheet		Differences		Gains		Losses
Available-for-sale securities		12,874,815		745,891			861,604		115,712		13,508,608		752,569		818,235		65,665
Domestic equity securities		1,093,627		640,863			645,330		4,467		1,036,997		551,360		557,456		6,095
Domestic bonds		3,471,719		30,690			32,391		1,701		4,369,116		43,958		46,724		2,765
Other		8,309,468		74,338			183,881		109,542		8,102,494		157,250		214,054		56,804
Foreign equity securities		91,065		(11,387	)		46		11,433		61		36		36		—
Foreign bonds		7,025,849		(12,310	)		75,228		87,539		6,792,918		64,280		104,484		40,204
Other		1,192,552		98,036			108,606		10,569		1,309,514		92,933		109,533		16,599
Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2018									As of March 31, 2017
	within 1 year		1 year to 5 years			5 years to 10 years		over 10 years		within 1 year		1 year to 5 years		5 years to 10 years		over 10 years
Domestic bonds		877,274		2,147,968			55,628		390,848		1,040,874		2,996,704		109,236		222,301
Government bonds		862,310		2,040,446			10,058		360,074		993,710		2,875,475		50,657		211,628
Municipal bonds		17		—			13		18		—		53		5		29
Corporate bonds		14,946		107,522			45,556		30,755		47,164		121,176		58,574		10,642
Other		697,169		2,241,610			2,707,396		2,496,534		386,827		2,630,231		2,708,421		1,620,210
Foreign bonds		677,858		1,837,867			2,507,902		2,493,315		386,642		2,177,646		2,608,448		1,620,180
Other		19,310		403,743			199,493		3,219		184		452,585		99,973		29
Total		1,574,444		4,389,579			2,763,024		2,887,383		1,427,702		5,626,936		2,817,657		1,842,511

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the fiscal year
ended
March 31, 2018
(A)

Increase
(Decrease)
(A) - (B)

For the fiscal year
ended
March 31, 2017
(B)

ROE

7.53

0.27

7.25

Note:

ROE is computed as follows:

Profits attributable to owners of parent

×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.

6. Risk-Adjusted Capital Ratio



MUFG Consolidated	(in billions of yen)
	As of March 31, 2018 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)			As of September 30, 2017
(1) Total capital ratio (4)/(7)		16.56	%		0.70	%		15.85	%		16.33	%
(2) Tier 1 capital ratio (5)/(7)		14.32	%		0.95	%		13.36	%		13.72	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.58	%		0.82	%		11.76	%		12.14	%
(4) Total capital		18,795.4			719.3			18,076.1			18,797.3
(5) Tier 1 capital		16,251.7			1,019.2			15,232.4			15,794.3
(6) Common Equity Tier 1 capital		14,284.9			871.0			13,413.8			13,979.4
(7) Risk weighted assets		113,463.6			(522.7	)		113,986.3			115,068.8
(8) Required Capital (7)×8%		9,077.0			(41.8	)		9,118.9			9,205.5

BK Consolidated	(in billions of yen)
	As of March 31, 2018 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)			As of September 30, 2017
(1) Total capital ratio (4)/(7)		15.90	%		0.61	%		15.28	%		15.84	%
(2) Tier 1 capital ratio (5)/(7)		13.59	%		0.89	%		12.70	%		13.10	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		11.85	%		0.71	%		11.14	%		11.55	%
(4) Total capital		14,470.2			416.8			14,053.4			14,470.1
(5) Tier 1 capital		12,374.0			693.3			11,680.7			11,970.3
(6) Common Equity Tier 1 capital		10,788.3			542.5			10,245.8			10,547.9
(7) Risk weighted assets		91,007.1			(952.8	)		91,960.0			91,318.6
(8) Required Capital (7)×8%		7,280.5			(76.2	)		7,356.8			7,305.4

TB Consolidated	(in billions of yen)
	As of March 31, 2018 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)			As of September 30, 2017
(1) Total capital ratio (4)/(7)		20.03	%		0.22	%		19.80	%		20.55	%
(2) Tier 1 capital ratio (5)/(7)		17.67	%		0.73	%		16.94	%		17.28	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		16.21	%		0.33	%		15.87	%		16.10	%
(4) Total capital		2,545.6			139.0			2,406.5			2,591.1
(5) Tier 1 capital		2,245.8			187.4			2,058.4			2,178.2
(6) Common Equity Tier 1 capital		2,060.1			131.1			1,928.9			2,030.3
(7) Risk weighted assets		12,705.2			556.0			12,149.1			12,604.2
(8) Required Capital (7)×8%		1,016.4			44.4			971.9			1,008.3

BK Non-consolidated	(in billions of yen)
	As of March 31, 2018 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)			As of September 30, 2017
(1) Total capital ratio (4)/(7)		16.90	%		0.19	%		16.70	%		17.03	%
(2) Tier 1 capital ratio (5)/(7)		14.51	%		0.63	%		13.88	%		14.07	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.54	%		0.49	%		12.04	%		12.25	%
(4) Total capital		13,211.3			387.9			12,823.3			13,206.2
(5) Tier 1 capital		11,344.0			688.5			10,655.5			10,910.4
(6) Common Equity Tier 1 capital		9,802.4			554.7			9,247.7			9,502.6
(7) Risk weighted assets		78,155.7			1,398.1			76,757.5			77,510.7
(8) Required Capital (7)×8%		6,252.4			111.8			6,140.6			6,200.8

TB Non-consolidated	(in billions of yen)
	As of March 31, 2018 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)			As of September 30, 2017
(1) Total capital ratio (4)/(7)		19.88	%		(0.59	)%		20.48	%		20.56	%
(2) Tier 1 capital ratio (5)/(7)		17.55	%		0.10	%		17.45	%		17.25	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		16.18	%		(0.17	)%		16.35	%		16.11	%
(4) Total capital		2,529.3			102.8			2,426.4			2,577.2
(5) Tier 1 capital		2,232.7			165.7			2,067.0			2,163.0
(6) Common Equity Tier 1 capital		2,057.7			120.1			1,937.5			2,019.4
(7) Risk weighted assets		12,716.6			871.7			11,844.8			12,533.4
(8) Required Capital (7)×8%		1,017.3			69.7			947.5			1,002.6

Note:

Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.

Risk-adjusted capital ratio of BK and TB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

Mitsubishi UFJ Financial Group, Inc.

7. Risk-Monitored Loans

MUFG Consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2018 (A)		% to total loans and bills discounted			As of March 31, 2017 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		50,351		0.04	%		46,498		0.04	%		3,853			0.00	%
Non-accrual delinquent loans		614,955		0.56	%		738,103		0.67	%		(123,147	)		(0.10	)%
Accruing loans contractually past due 3 months or more		29,193		0.02	%		46,301		0.04	%		(17,108	)		(0.01	)%
Restructured loans		577,277		0.53	%		708,354		0.64	%		(131,077	)		(0.11	)%
Total risk monitored loans		1,271,777		1.17	%		1,539,258		1.41	%		(267,480	)		(0.23	)%
Total loans and bills discounted		108,090,994					109,005,231					(914,237	)

Written-off		361,108					377,463					(16,355	)

(2) Allowance for Credit Losses

	(in millions of yen)
	As of March 31, 2018 (A)		% to total risk monitored loans			As of March 31, 2017 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		807,139		63.46	%		957,350		62.19	%		(150,210	)		1.26	%
General allowance for credit losses		596,523					743,895					(147,371	)
Specific allowance for credit losses		210,058					213,065					(3,007	)
Allowance for credit to specific foreign borrowers		556					388					168

(3) Classification of Risk-Monitored Loans



Classified by Geographic Area	(in millions of yen)
	As of March 31, 2018 (A)		As of March 31, 2017 (B)		Increase (Decrease) (A) - (B)
Domestic		887,090		1,064,741		(177,651	)
Overseas		384,687		474,516		(89,829	)
Asia		155,810		142,367		13,443
Indonesia		8,678		5,946		2,731
Singapore		14,380		14,558		(178	)
Thailand		125,943		106,546		19,396
Hong Kong		706		215		491
Other		6,102		15,099		(8,997	)
Americas		157,565		216,085		(58,520	)
Europe, Middle East and Other		71,311		116,064		(44,752	)

Total		1,271,777		1,539,258		(267,480	)


Classified by Industry	(in millions of yen)
	As of March 31, 2018 (A)		As of March 31, 2017 (B)		Increase (Decrease) (A) - (B)
Domestic		887,090		1,064,741		(177,651	)
Manufacturing		329,574		425,381		(95,806	)
Construction		12,680		16,299		(3,619	)
Wholesale and retail		114,646		135,785		(21,138	)
Finance and insurance		997		737		259
Real estate, goods rental and leasing		49,909		67,336		(17,427	)
Services		42,988		51,944		(8,955	)
Other industries		25,666		23,849		1,816
Consumer		310,626		343,406		(32,779	)
Overseas		384,687		474,516		(89,829	)
Financial institutions		3,765		7,672		(3,906	)
Commercial and industrial		299,559		329,547		(29,987	)
Other		81,362		137,297		(55,935	)

Total		1,271,777		1,539,258		(267,480	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2018 (A)		% to total loans and bills discounted			As of March 31, 2017 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		41,846		0.05	%		35,746		0.04	%		6,100			0.00	%
Non-accrual delinquent loans		356,775		0.45	%		476,342		0.58	%		(119,566	)		(0.13	)%
Accruing loans contractually past due 3 months or more		23,616		0.02	%		45,938		0.05	%		(22,322	)		(0.02	)%
Restructured loans		411,324		0.51	%		525,466		0.64	%		(114,142	)		(0.12	)%
Total risk monitored loans		833,563		1.05	%		1,083,494		1.33	%		(249,930	)		(0.27	)%
Total loans and bills discounted		79,213,244					81,394,063					(2,180,818	)

Written-off		294,955					307,219					(12,264	)

(2) Allowance for Credit Losses
	(in millions of yen)
	As of March 31, 2018 (A)		% to total risk monitored loans			As of March 31, 2017 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		418,248		50.17	%		563,216		51.98	%		(144,968	)		(1.80	)%
General allowance for credit losses		313,783					446,887					(133,103	)
Specific allowance for credit losses		103,908					115,942					(12,034	)
Allowance for credit to specific foreign borrowers		556					386					170

(3) Classification of Risk-Monitored Loans



Classified by Geographic Area	(in millions of yen)
	As of March 31, 2018 (A)		As of March 31, 2017 (B)		Increase (Decrease) (A) - (B)
Domestic		675,362		829,903		(154,540	)
Overseas		158,200		253,591		(95,390	)
Asia		22,849		29,866		(7,016	)
Indonesia		1,790		102		1,687
Singapore		14,380		14,558		(178	)
Thailand		—		4		(4	)
Hong Kong		706		215		491
Other		5,972		14,985		(9,012	)
Americas		64,039		107,660		(43,620	)
Europe, Middle East and Other		71,311		116,064		(44,752	)

Total		833,563		1,083,494		(249,930	)


Classified by Industry	(in millions of yen)
	As of March 31, 2018 (A)		As of March 31, 2017 (B)		Increase (Decrease) (A) - (B)
Domestic		675,362		829,903		(154,540	)
Manufacturing		306,658		375,263		(68,605	)
Construction		12,073		15,628		(3,555	)
Wholesale and retail		114,403		134,286		(19,882	)
Finance and insurance		993		715		278
Real estate		43,022		58,504		(15,482	)
Goods rental and leasing		1,970		2,347		(377	)
Services		42,747		51,080		(8,333	)
Other industries		25,661		23,540		2,120
Consumer		127,833		168,535		(40,702	)
Overseas		158,200		253,591		(95,390	)
Financial institutions		3,681		7,589		(3,907	)
Commercial and industrial		154,425		190,984		(36,559	)
Other		93		55,017		(54,923	)

Total		833,563		1,083,494		(249,930	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2018 (A)		% to total loans and bills discounted			As of March 31, 2017 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		462		0.00	%		530		0.00	%		(67	)		(0.00	)%
Non-accrual delinquent loans		6,457		0.04	%		9,611		0.06	%		(3,154	)		(0.02	)%
Accruing loans contractually past due 3 months or more		308		0.00	%		79		0.00	%		228			0.00	%
Restructured loans		27,352		0.18	%		55,523		0.38	%		(28,171	)		(0.20	)%
Total risk monitored loans		34,582		0.23	%		65,746		0.46	%		(31,164	)		(0.22	)%
Total loans and bills discounted		14,514,713					14,283,249					231,463

Written-off		7,383					7,626					(242	)

(2) Allowance for Credit Losses
	(in millions of yen)
	As of March 31, 2018 (A)		% to total risk monitored loans			As of March 31, 2017 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		33,138		95.82	%		59,306		90.20	%		(26,168	)		5.61	%
General allowance for credit losses		32,378					58,395					(26,017	)
Specific allowance for credit losses		759					908					(149	)
Allowance for credit to specific foreign borrowers		0					1					(1	)

(3) Classification of Risk-Monitored Loans


Classified by Geographic Area	(in millions of yen)
	As of March 31, 2018 (A)		As of March 31, 2017 (B)		Increase (Decrease) (A) - (B)
Domestic		34,071		65,273		(31,202	)
Overseas		510		472		38
Asia		510		472		38
Indonesia		—		—		—
Singapore		—		—		—
Thailand		510		472		38
Hong Kong		—		—		—
Other		—		—		—
Americas		—		—		—
Europe, Middle East and Other		—		—		—

Total		34,582		65,746		(31,164	)


Classified by Industry	(in millions of yen)
	As of March 31, 2018 (A)		As of March 31, 2017 (B)		Increase (Decrease) (A) - (B)
Domestic		34,071		65,273		(31,202	)
Manufacturing		22,898		50,092		(27,194	)
Construction		591		653		(62	)
Wholesale and retail		100		1,348		(1,248	)
Finance and insurance		—		—		—
Real estate		4,890		6,436		(1,545	)
Goods rental and leasing		—		—		—
Services		228		851		(622	)
Other industries		—		303		(303	)
Consumer		5,363		5,587		(224	)
Overseas		510		472		38
Financial institutions		—		—		—
Commercial and industrial		510		472		38
Other		—		—		—

Total		34,582		65,746		(31,164	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Account

“Trust Account” represents trust account with contracts indemnifying the principal amounts.

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2018 (A)		% to total loans and bills discounted			As of March 31, 2017 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		3		0.02	%		3		0.01	%		(0	)		0.00	%
Non-accrual delinquent loans		0		0.00	%		0		0.00	%		(0	)		(0.00	)%
Accruing loans contractually past due 3 months or more		8		0.05	%		9		0.04	%		(1	)		0.00	%
Restructured loans		220		1.36	%		234		1.28	%		(14	)		0.07	%
Total risk monitored loans		232		1.43	%		247		1.35	%		(15	)		0.08	%
Total loans and bills discounted		16,186					18,293					(2,106	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of March 31, 2018 (A)		As of March 31, 2017 (B)		Increase (Decrease) (A) - (B)
Allowance for bad debts		48		55		(7	)

(3) Classification of Risk-Monitored Loans

Classified by Industry
	(in millions of yen)
	As of March 31, 2018 (A)		As of March 31, 2017 (B)		Increase (Decrease) (A) - (B)
Domestic		232		247		(15	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		183		200		(16	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		48		46		1

Total		232		247		(15	)

Mitsubishi UFJ Financial Group, Inc.

8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)

BK and TB Combined including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Non Performing Loans


							(in millions of yen)
							As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								118,812			119,803			(991	)
Doubtful								344,145			426,284			(82,139	)
Special Attention								462,747			627,162			(164,415	)
Non Performing Loans (1)								925,704			1,173,249			(247,545	)

Normal								103,740,073			104,240,643			(500,569	)
Total								104,665,778			105,413,893			(748,114	)

Non Performing Loans / Total								0.88	%		1.11	%		(0.22	)%

(2) Status of Coverage of Non Performing Loans
							(in millions of yen)
							As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								749,950			940,324			(190,374	)
Allowance for credit losses								280,523			351,634			(71,110	)
Collateral, guarantees, etc.								469,426			588,690			(119,263	)

Coverage ratio (2) / (1)								81.01	%		80.14	%		0.86	%

(3) Coverage Ratio

	(in millions of yen)
Category	Loan amount (A)			Allowance for credit losses (B)			Covered by collateral and/ or guarantees (C)			Coverage ratio for unsecured portion (B) / [(A) - (C)]			Coverage ratio [(B) + (C)] / (A)
Bankrupt or De facto Bankrupt		118,812			7,956			110,856						100.00	%
		[119,803	]		[10,772	]		[109,031	]					[100.00	%]
Doubtful		344,145			95,621			173,843						78.29	%
		[426,284	]		[104,933	]		[244,227	]					[81.90	%]
Special Attention		462,747			176,945			184,727						78.15	%
		[627,162	]		[235,928	]		[235,431	]					[75.15	%]
Total		925,704			280,523			469,426						81.01	%
		[1,173,249	]		[351,634	]		[588,690	]					[80.14	%]
Note: The upper figures are as of March 31, 2018. The lower figures with brackets are as of March 31, 2017. (4) Classified by Industry
							(in millions of yen)
							As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Domestic								716,305			903,729			(187,423	)
Manufacturing								329,923			425,959			(96,035	)
Construction								12,755			16,418			(3,662	)
Wholesale and retail								117,615			139,910			(22,295	)
Finance and insurance								1,448			2,008			(560	)
Real estate								48,271			65,365			(17,094	)
Goods rental and leasing								1,970			2,347			(377	)
Services								43,501			52,500			(8,998	)
Other industries								27,318			24,654			2,664
Consumer								133,500			174,565			(41,065	)
Overseas								209,398			269,520			(60,121	)
Financial institutions								3,862			7,779			(3,917	)
Commercial and industrial								205,442			206,723			(1,280	)
Other								93			55,017			(54,923	)
Total								925,704			1,173,249			(247,545	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		117,413			117,714			(300	)
Doubtful		338,442			418,034			(79,592	)
Special Attention		434,940			571,405			(136,464	)
Non Performing Loans (1)		890,796			1,107,154			(216,358	)

Normal		88,874,301			89,636,105			(761,804	)
Total		89,765,097			90,743,260			(978,162	)

Non Performing Loans / Total		0.99	%		1.22	%		(0.22	)%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		718,588			896,314			(177,725	)
Allowance for credit losses		267,342			325,433			(58,090	)
Collateral, guarantees, etc.		451,245			570,881			(119,635	)

Coverage ratio (2) / (1)		80.66	%		80.95	%		(0.28	)%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount
(A)

Allowance for
credit losses
(B)

Covered by
collateral and/
or guarantees
(C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] / (A)

Bankrupt or De facto Bankrupt

117,413

7,871

109,542

100.00

[117,714

]

[10,679

]

[107,034

]

[100.00

Doubtful

338,442

95,405

168,699

56.20

78.03

[418,034

]

[104,577

]

[236,899

]

[57.73

[81.68

Special Attention

434,940

164,066

173,004

62.63

77.49

[571,405

]

[210,175

]

[226,947

]

[61.01

[76.49

Total

890,796

267,342

451,245

60.82

80.66

[1,107,154

]

[325,433

]

[570,881

]

[60.68

[80.95

Note: The upper figures are as of March 31, 2018. The lower figures with brackets are as of March 31, 2017.

(4) Classified by Industry


	(in millions of yen)
	As of March 31, 2018 (A)		As of March 31, 2017 (B)		Increase (Decrease) (A) - (B)
Domestic		681,908		838,106		(156,198	)
Manufacturing		307,025		375,867		(68,841	)
Construction		12,164		15,764		(3,599	)
Wholesale and retail		117,515		138,561		(21,046	)
Finance and insurance		1,448		2,008		(560	)
Real estate		43,196		58,728		(15,531	)
Goods rental and leasing		1,970		2,347		(377	)
Services		43,273		51,648		(8,375	)
Other industries		27,318		24,350		2,968
Consumer		127,994		168,829		(40,834	)
Overseas		208,888		269,047		(60,159	)
Financial institutions		3,862		7,779		(3,917	)
Commercial and industrial		204,932		206,250		(1,318	)
Other		93		55,017		(54,923	)
Total		890,796		1,107,154		(216,358	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non Performing Loans


							(in millions of yen)
							As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								1,395			2,085			(690	)
Doubtful								5,619			8,159			(2,539	)
Special Attention								27,661			55,603			(27,942	)
Non Performing Loans (1)								34,676			65,848			(31,171	)

Normal								14,849,817			14,586,491			263,326
Total								14,884,494			14,652,339			232,154

Non Performing Loans / Total								0.23	%		0.44	%		(0.21	)%

(2) Status of Coverage of Non Performing Loans

							(in millions of yen)
							As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								31,129			43,762			(12,632	)
Allowance for credit losses								13,180			26,201			(13,020	)
Collateral, guarantees, etc.								17,949			17,561			387

Coverage ratio (2) / (1)								89.77	%		66.46	%		23.31	%

(3) Coverage Ratio

	(in millions of yen)
Category	Loan amount (A)			Allowance for credit losses (B)			Covered by collateral and/ or guarantees (C)			Coverage ratio for unsecured portion (B) / [(A) - (C)]			Coverage ratio [(B) + (C)] / (A)
Bankrupt or De facto Bankrupt		1,395			84			1,310			100.00	%		100.00	%
		[2,085	]		[92	]		[1,993	]		[100.00	%]		[100.00	%]
Doubtful		5,619			216			5,060			38.70	%		93.90	%
		[8,159	]		[355	]		[7,238	]		[38.66	%]		[93.07	%]
Special Attention		27,661			12,879			11,578			80.07	%		88.41	%
		[55,603	]		[25,753	]		[8,330	]		[54.47	%]		[61.29	%]
Total		34,676			13,180			17,949			78.79	%		89.77	%
		[65,848	]		[26,201	]		[17,561	]		[54.26	%]		[66.46	%]
Note: The upper figures are as of March 31, 2018. The lower figures with brackets are as of March 31, 2017. (4) Classified by Industry
							(in millions of yen)
							As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Domestic								34,165			65,375			(31,209	)
Manufacturing								22,898			50,092			(27,194	)
Construction								591			653			(62	)
Wholesale and retail								100			1,348			(1,248	)
Finance and insurance								—			—			—
Real estate								4,890			6,436			(1,545	)
Goods rental and leasing								—			—			—
Services								228			851			(622	)
Other industries								—			303			(303	)
Consumer								5,457			5,689			(231	)
Overseas								510			472			38
Financial institutions								—			—			—
Commercial and industrial								510			472			38
Other								—			—			—
Total								34,676			65,848			(31,171	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Non Performing Loans


							(in millions of yen)
							As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								3			3			(0	)
Doubtful								83			90			(6	)
Special Attention								144			153			(8	)
Non Performing Loans (1)								232			247			(15	)

Normal								15,954			18,046			(2,091	)
Total								16,186			18,293			(2,106	)

Non Performing Loans / Total								1.43	%		1.35	%		0.08	%

(2) Status of Coverage of Non Performing Loans
							(in millions of yen)
							As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								232			247			(15	)
Allowance for credit losses								—			—			—
Collateral, guarantees, etc.								232			247			(15	)

Coverage ratio (2) / (1)								100.00	%		100.00	%		—

(3) Coverage Ratio
	(in millions of yen)
Category	Loan amount (A)			Allowance for credit losses (B)			Covered by collateral and/ or guarantees (C)			Coverage ratio for unsecured portion (B) / [(A) - (C)]			Coverage ratio [(B) + (C)] / (A)
Bankrupt or De facto Bankrupt		3			—			3						100.00	%
		[3	]		[—	]		[3	]					[100.00	%]
Doubtful		83			—			83						100.00	%
		[90	]		[—	]		[90	]					[100.00	%]
Special Attention		144			—			144						100.00	%
		[153	]		[—	]		[153	]					[100.00	%]
Total		232			—			232						100.00	%
		[247	]		[—	]		[247	]					[100.00	%]
Note: The upper figures are as of March 31, 2018. The lower figures with brackets are as of March 31, 2017.

(4) Classified by Industry
							(in millions of yen)
							As of March 31, 2018 (A)			As of March 31, 2017 (B)			Increase (Decrease) (A) - (B)
Domestic								232			247			(15	)
Manufacturing								—			—			—
Construction								—			—			—
Wholesale and retail								—			—			—
Finance and insurance								—			—			—
Real estate								183			200			(16	)
Goods rental and leasing								—			—			—
Services								—			—			—
Other industries								—			—			—
Consumer								48			46			1
Total								232			247			(15	)

Mitsubishi UFJ Financial Group, Inc.

Overview of Non-Performing Loans

BK and TB Combined

(in billions of yen)

Self-Assessment

Coverage

ratio for

unsecured

portion

Non-Performing Loans

Based on the “FRL”

Risk-Monitored Loans

Category of
Borrowers

Classification

Non-
Classification

Classification
II

Classification
III

Classification
IV

Bankrupt
Borrowers

[110.8]

[5.5]

[2.4]

(*1)

100.00%

i) Bankrupt or

De facto Bankrupt

[118.8]

Loans to bankrupt borrowers

[42.3]

Substantially
Bankrupt
Borrowers

Non-accrual

delinquent loans

[363.2]

Potentially
Bankrupt
Borrowers

[173.8]

[170.1]

56.14%

ii) Doubtful

[344.0]

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

[462.6]

63.64%

iii) Special Attention

[462.6]

Accruing loans contractually past due

3 months or more

[23.9]

Restructured loans

[438.6]

Borrowers
Requiring
Caution
(Other
Borrowers)

iv) Normal

[103,724.1]

Normal
Borrowers

Non-Performing Loans Based on the “FRL”

Risk-Monitored Loans

i) + ii) + iii)

925.4

868.1

Total

i) + ii) + iii) + iv)

104,649.5

(*1)	“Customers’ liabilities for acceptances and guarantees” in Classification IV are fully reserved.

Mitsubishi UFJ Financial Group, Inc.

9. Progress in Disposition of Problem Assets

BK Non-consolidated

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRL”


	(in millions of yen)
	As of March 31, 2015		As of March 31, 2016		As of March 31, 2017 (A)		As of March 31, 2018 (B)		(B) - (A)
Assets newly categorized during fiscal 2014		98,674		61,087		40,744		29,121		(11,623	)
Assets newly categorized during fiscal 2015				500,907		96,342		72,005		(24,336	)
Assets newly categorized during fiscal 2016						156,527		66,294		(90,232	)
Assets newly categorized during fiscal 2017								125,207

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the fiscal year ended March 31, 2018
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		3,792
Reconstructive treatment		6,615
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		17,842
Write-offs		43,100
Others		133,749
Collection / Repayment		86,572
Upgrade		47,176

Total		205,100		49,893		155,206

Amount in process for disposition		101,398

Note:

The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRL”


	(in millions of yen)
	As of March 31, 2015		As of March 31, 2016		As of March 31, 2017 (A)		As of March 31, 2018 (B)		(B) - (A)
Assets newly categorized during fiscal 2014		7,495		1,730		265		207		(58	)
Assets newly categorized during fiscal 2015				18,743		883		718		(165	)
Assets newly categorized during fiscal 2016						1,872		643		(1,229	)
Assets newly categorized during fiscal 2017								1,319

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the fiscal year ended March 31, 2018
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		—
Reconstructive treatment		—
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		—
Write-offs		4,227
Others		5,797
Collection / Repayment		4,141
Upgrade		1,656

Total		10,024		967		9,056

Amount in process for disposition		1,533

Note:

Mitsubishi UFJ Financial Group, Inc.

10.

Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors

BK and TB Combined including Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Domestic offices (excluding loans booked at offshore markets)		66,770,721			(626,426	)		67,397,147
Manufacturing		9,613,346			(967,410	)		10,580,756
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		139,140			(12,935	)		152,075
Construction		736,321			(30,424	)		766,745
Utilities		1,828,883			263,453			1,565,430
Communication and information services		1,347,820			(70,227	)		1,418,047
Transport and postal activities		2,215,435			(9,645	)		2,225,080
Wholesale and retail		6,446,155			(25,605	)		6,471,760
Finance and insurance		8,450,825			(67,767	)		8,518,592
Real estate		8,986,142			84,597			8,901,544
Goods rental and leasing		2,091,142			18,211			2,072,931
Services		2,760,243			180,730			2,579,513
Municipal government		706,171			136,465			569,706
Other industries (including loans to the Japanese government)		21,449,083			(125,872	)		21,574,955
Overseas offices and loans booked at offshore markets		27,263,992			(1,220,410	)		28,484,402

Total		94,034,713			(1,846,836	)		95,881,550

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Total domestic consumer loans		16,273,074			(270,685	)		16,543,759
Housing loans		15,453,943			(266,347	)		15,720,290
Residential purpose		13,451,480			(155,152	)		13,606,632
Other		819,131			(4,337	)		823,468
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Outstanding amount		40,228,907			37,911			40,190,996
% to total domestic loans		60.24	%		0.61	%		59.63	%

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Domestic offices (excluding loans booked at offshore markets)		54,077,138			(1,255,655	)		55,332,793
Manufacturing		7,803,059			(747,837	)		8,550,896
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		136,981			(12,004	)		148,985
Construction		646,217			(25,346	)		671,563
Utilities		1,374,494			156,965			1,217,529
Communication and information services		1,089,766			(39,571	)		1,129,337
Transport and postal activities		1,547,324			(23,744	)		1,571,068
Wholesale and retail		5,643,303			85,108			5,558,195
Finance and insurance		5,762,547			(220,268	)		5,982,815
Real estate		7,123,285			142,634			6,980,650
Goods rental and leasing		1,346,634			27,045			1,319,589
Services		2,631,911			204,046			2,427,865
Municipal government		699,552			137,295			562,257
Other industries (including loans to the Japanese government)		18,272,065			(939,979	)		19,212,044
Overseas offices and loans booked at offshore markets		25,136,106			(925,163	)		26,061,269

Total		79,213,244			(2,180,818	)		81,394,063

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Total domestic consumer loans		14,961,771			(222,068	)		15,183,840
Housing loans		14,146,358			(218,641	)		14,365,000
Residential purpose		12,271,411			(124,202	)		12,395,614
Other		815,413			(3,427	)		818,840
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Outstanding amount		34,050,297			(103,514	)		34,153,811
% to total domestic loans		62.96	%		1.24	%		61.72	%

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Domestic offices (excluding loans booked at offshore markets)		12,386,827			526,710			11,860,116
Manufacturing		1,810,287			(219,573	)		2,029,860
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		2,159			(931	)		3,090
Construction		90,104			(5,078	)		95,182
Utilities		454,389			106,488			347,901
Communication and information services		258,054			(30,656	)		288,710
Transport and postal activities		648,111			(5,901	)		654,012
Wholesale and retail		802,852			(110,713	)		913,565
Finance and insurance		2,652,614			122,929			2,529,685
Real estate		1,858,564			(57,108	)		1,915,672
Goods rental and leasing		744,508			(8,834	)		753,342
Services		128,332			(23,312	)		151,644
Municipal government		1,946			(714	)		2,660
Other industries (including loans to the Japanese government)		2,934,896			760,113			2,174,783
Overseas offices and loans booked at offshore markets		2,127,886			(295,246	)		2,423,132

Total		14,514,713			231,463			14,283,249

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Total domestic consumer loans		1,304,063			(47,545	)		1,351,609
Housing loans		1,300,378			(46,648	)		1,347,027
Residential purpose		1,173,364			(29,994	)		1,203,359
Other		3,685			(896	)		4,582
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Outstanding amount		5,900,193			56,364			5,843,829
% to total domestic loans		47.63	%		(1.64	)%		49.27	%

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Domestic offices (excluding loans booked at offshore markets)		306,755			102,518			204,237
Manufacturing		—			—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		—			—			—
Communication and information services		—			—			—
Transport and postal activities		20,000			20,000			—
Wholesale and retail		—			—			—
Finance and insurance		35,664			29,572			6,092
Real estate		4,293			(929	)		5,222
Goods rental and leasing		—			—			—
Services		—			(4	)		4
Municipal government		4,673			(116	)		4,789
Other industries (including loans to the Japanese government)		242,122			53,994			188,128
Overseas offices and loans booked at offshore markets		—			—			—

Total		306,755			102,518			204,237

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Total domestic consumer loans		7,238			(1,070	)		8,309
Housing loans		7,206			(1,056	)		8,263
Residential purpose		6,703			(954	)		7,658
Other		32			(13	)		46
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Outstanding amount		278,417			85,061			193,356
% to total domestic loans		90.76	%		(3.91	)%		94.67	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BK and TB Combined


	(in millions of yen)
	As of March 31, 2018 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Americas		12,595,524		(562,553	)		13,158,077
United States of America		7,984,522		(352,271	)		8,336,794
Caribbean countries		2,474,107		(24,006	)		2,498,113
Canada		895,371		74,823			820,548
Brazil		514,123		(104,082	)		618,205
Mexico		419,002		(3,360	)		422,363
Chile		156,949		(56,195	)		213,144
Others		151,450		(97,461	)		248,910
Asia/Oceania		9,799,650		(12,923	)		9,812,573
Hong Kong		2,228,774		27,913			2,200,861
Australia		1,978,943		(55,313	)		2,034,257
Singapore		1,424,380		(27,746	)		1,452,126
Indonesia		841,984		1,194			840,789
India		834,108		89,384			744,723
South Korea		599,426		(35,111	)		634,537
Taiwan		590,453		157,757			432,696
New Zealand		278,303		11,980			266,322
Vietnam		262,427		14,304			248,122
Malaysia		237,783		(60,325	)		298,108
Thailand		149,380		(58,256	)		207,636
China		130,163		(5,527	)		135,691
Philippines		118,338		(86,829	)		205,168
Others		125,188		13,652			111,537
EMEA		7,233,222		(181,206	)		7,414,429
United Kingdom		2,183,497		84,370			2,099,127
Netherlands		738,651		(6,371	)		745,023
Saudi Arabia		552,228		(56,410	)		608,638
Germany		529,964		37,310			492,653
France		458,772		34,898			423,873
UAE		341,013		(83,794	)		424,807
Qatar		328,442		(108,087	)		436,530
Luxembourg		235,425		(31,373	)		266,799
South Africa		193,020		(4,489	)		197,509
Switzerland		175,263		(7,069	)		182,333
Ireland		167,101		1,909			165,192
Turkey		159,665		(21,152	)		180,818
Italy		159,089		17,458			141,630
Spain		139,269		17,516			121,753
Oman		104,516		19,167			85,349
Others		767,307		(75,089	)		842,395
Others		—		(284	)		284

Total		29,628,397		(756,965	)		30,385,363

Note:

In addition to the (non-consolidated basis) loan balance stated above, five major overseas subsidiaries have the following loan balances in the consolidated financial statements.

MUFG Americas Holdings Corporation: ¥8,809,041 million (a 6,082 million yen increase as compared with March 31, 2017.)

Bank of Ayudhya Public Company Limited: ¥4,022,469 million (a 359,620 million yen increase as compared with March 31, 2017.)

Bank of Tokyo-Mitsubishi UFJ (China), Ltd.: ¥1,496,643 million (a 180,271 million yen increase as compared with March 31, 2017.)

MUFG Bank (Europe) N.V.: ¥863,312 million (a 162,611 million yen increase as compared with March 31, 2017.)

MUFG Bank (Malaysia) Berhad: ¥493,887 million (a 42,501 million yen increase as compared with March 31, 2017.)

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of March 31, 2018 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Deposits (ending balance)		160,799,777		5,300,999			155,498,777
Deposits (average balance)		158,125,973		8,407,184			149,718,788
Loans (ending balance)		93,727,957		(1,949,354	)		95,677,312
Loans (average balance)		95,206,469		(2,288,311	)		97,494,781

BK Non-consolidated
	(in millions of yen)
	As of March 31, 2018 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Deposits (ending balance)		145,492,629		6,328,525			139,164,104
Deposits (average balance)		143,218,442		7,605,040			135,613,401
Loans (ending balance)		79,213,244		(2,180,818	)		81,394,063
Loans (average balance)		80,916,947		(2,999,348	)		83,916,295

TB Non-consolidated
	(in millions of yen)
	As of March 31, 2018 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Deposits (ending balance)		15,307,147		(1,027,525	)		16,334,673
Deposits (average balance)		14,907,531		802,144			14,105,387
Loans (ending balance)		14,514,713		231,463			14,283,249
Loans (average balance)		14,289,522		711,037			13,578,485

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BK and TB Combined

(in millions of yen)

As of
March 31, 2018
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2017
(B)

Individuals

75,302,588

2,209,285

73,093,302

Corporations and others

63,134,680

2,084,314

61,050,366

Domestic deposits

138,437,269

4,293,600

134,143,669



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

BK Non-consolidated

(in millions of yen)

As of
March 31, 2018
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2017
(B)

Individuals

67,612,602

2,260,140

65,352,462

Corporations and others

57,098,234

2,951,188

54,147,045

Domestic deposits

124,710,836

5,211,328

119,499,507



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



TB Non-consolidated

	(in millions of yen)
	As of March 31, 2018 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Individuals		7,689,986		(50,854	)		7,740,840
Corporations and others		6,036,446		(866,874	)		6,903,320
Domestic deposits		13,726,432		(917,728	)		14,644,161



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

Mitsubishi UFJ Financial Group, Inc.

14. Status of Deferred Tax Assets

BK Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets


	(in billions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Deferred tax assets		504.5			(26.7	)		531.3
Allowance for credit losses		195.0			(47.8	)		242.9
Write-down on investment securities		96.1			(4.4	)		100.5
Unrealized losses on Available-for-sale securities		5.7			(4.8	)		10.6
Reserve for retirement benefits		96.4			(1.5	)		97.9
Reserve for contingent losses		45.2			3.9			41.3
Other		181.3			20.9			160.3
Valuation allowance		(115.3	)		7.0			(122.4	)
Deferred tax liabilities		946.6			59.7			886.8
Unrealized gains on Available-for-sale securities		770.3			98.8			671.5
Net deferred gains on hedges		31.8			(33.5	)		65.4
Revaluation gains on securities upon merger		60.7			(1.4	)		62.2
Gains on securities contributed to employees’ retirement benefits trust		46.9			(1.7	)		48.7
Other		36.5			(2.2	)		38.8
Net deferred tax assets		(442.0	)		(86.4	)		(355.5	)

(2) Net operating profits before provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2012			FY2013			FY2014			FY2015			FY2016			FY2017
Net operating profits before provision for general allowance for credit losses		1,001.5			855.9			931.4			888.1			666.9			554.3
Total credit costs		(56.6	)		17.0			(70.7	)		(103.4	)		(25.4	)		56.0
Income before income taxes		877.4			984.7			860.2			884.7			632.2			580.0
Reconciliation to taxable income		(561.4	)		(336.2	)		(12.6	)		(113.3	)		(86.2	)		(161.6	)
Taxable income		316.0			648.5			847.5			771.3			546.0			418.3

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets


	(in billions of yen)
	As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Deferred tax assets		55.3			7.2			48.0
Gains on securities related to employees’ retirement benefits trust		28.2			5.9			22.2
Allowance for credit losses		11.4			(7.8	)		19.2
Write-down on investment securities		8.8			(0.0	)		8.9
Deferred losses on hedging instruments		—			(0.1	)		0.1
Other		41.8			10.1			31.7
Valuation allowance		(35.0	)		(0.7	)		(34.2	)
Deferred tax liabilities		296.1			18.2			277.9
Unrealized gains on Available-for-sale securities		220.2			0.7			219.5
Reserve for retirement benefits		56.4			9.9			46.5
Deferred gains on hedging instruments		6.6			6.6			—
Other		12.7			0.8			11.9
Net deferred tax assets		(240.8	)		(10.9	)		(229.8	)

(2) Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2012			FY2013			FY2014			FY2015			FY2016			FY2017
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		162.2			162.9			190.4			193.0			181.4			162.1
Total credit costs		(8.6	)		18.0			(0.4	)		(0.2	)		(22.5	)		23.4
Income before income taxes		173.5			184.4			201.4			218.6			156.3			249.7
Reconciliation to taxable income		(84.9	)		(94.3	)		(40.4	)		(68.1	)		1.8			(68.7	)
Taxable income		88.6			90.1			160.9			150.4			158.1			181.0

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

Mitsubishi UFJ Financial Group, Inc.

15. Retirement Benefits

MUFG Consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Projected benefit obligation (reserve type)	(A)		2,329,348			48,283			2,281,064
Projected benefit obligation (non-reserve type)	(B)		54,368			3,677			50,690
Fair value of plan assets	(C)		(3,198,789	)		(324,701	)		(2,874,087	)
Net amount recorded on the Consolidated Balance Sheet	(A) + (B) - (C)		(815,072	)		(272,740	)		(542,332	)
Net defined benefit liability			59,033			(11	)		59,045
Net defined benefit asset			(874,106	)		(272,728	)		(601,377	)
(2) Net periodic cost of retirement benefits
		(in millions of yen)
		For the fiscal year ended March 31, 2018 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2017 (B)
Net periodic cost of retirement benefits regarding defined benefit pension plans			49,863			(14,353	)		64,216
Service cost			57,638			(5,796	)		63,434
Interest cost			31,309			1,562			29,747
Expected return on plan assets			(103,138	)		(9,194	)		(93,944	)
Amortization of unrecognized prior service cost			(5,873	)		(829	)		(5,043	)
Amortization of unrecognized net actuarial loss			61,954			(403	)		62,357
Other			7,973			307			7,666

(3) Assumptions used in calculation of projected benefit obligation


	As of March 31, 2018
Discount rates		Domestic consolidated subsidiaries	0.00% ~ 0.83%
		Overseas consolidated subsidiaries	1.16% ~ 10.00%
Expected return		Domestic consolidated subsidiaries	0.07% ~ 4.10%
		Overseas consolidated subsidiaries	1.80% ~ 10.00%

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Projected benefit obligation	(A)		1,462,790			21,324			1,441,465
Discount rates			0.5% ~ 0.8	%					0.6% ~ 0.9	%
Fair value of plan assets	(B)		1,938,809			207,556			1,731,253
Prepaid pension cost	(C)		280,049			9,142			270,907
Reserve for retirement benefits	(D)		8,656			(282	)		8,939
Total amount unrecognized	(A) - (B) + (C) - (D)		(204,625	)		(176,805	)		(27,819	)
Unrecognized net actuarial loss			(197,933	)		(178,679	)		(19,254	)
Unrecognized prior service cost			(6,692	)		1,873			(8,565	)

(2) Net periodic cost

		(in millions of yen)
		For the fiscal year ended March 31, 2018 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2017 (B)
Net periodic cost of retirement benefits			56,603			2,148			54,455
Service cost			32,025			(2,493	)		34,519
Interest cost			13,629			1,651			11,978
Expected return on plan assets			(42,984	)		(2,770	)		(40,213	)
Amortization of unrecognized prior service cost			(1,835	)		5			(1,841	)
Amortization of unrecognized net actuarial loss			44,751			5,331			39,419
Other			11,017			423			10,593

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2017 (B)
Projected benefit obligation	(A)		332,829			4,252			328,576
Discount rates			0.5% ~ 0.8	%					0.6% ~ 0.9	%
Fair value of plan assets	(B)		628,316			48,791			579,525
Prepaid pension cost	(C)		304,525			32,586			271,938
Reserve for retirement benefits	(D)		1,119			(35	)		1,154
Total amount unrecognized	(A) - (B) + (C) - (D)		7,918			(11,916	)		19,835
Unrecognized net actuarial loss			5,460			(11,691	)		17,152
Unrecognized prior service cost			2,457			(225	)		2,682

(2) Net periodic cost

		(in millions of yen)
		For the fiscal year ended March 31, 2018 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2017 (B)
Net periodic cost of retirement benefits			(3,226	)		(4,588	)		1,362
Service cost			6,671			(495	)		7,167
Interest cost			2,737			510			2,227
Expected return on plan assets			(24,714	)		(5,191	)		(19,522	)
Amortization of unrecognized prior service cost			225			1,603			(1,378	)
Amortization of unrecognized net actuarial loss			11,474			(952	)		12,427
Other			378			(62	)		441

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Financial Statements

BK Non-consolidated

(1) Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2017			As of March 31, 2018
Assets:
Cash and due from banks		48,385,157			57,089,293
Call loans		231,509			1,278,814
Receivables under resale agreements		348,126			244,912
Receivables under securities borrowing transactions		5,569,376			4,490,725
Monetary claims bought		4,113,172			3,807,898
Trading assets		5,445,506			4,607,164
Money held in trust		24,145			27,072
Securities		42,235,515			43,375,328
Loans and bills discounted		81,394,063			79,213,244
Foreign exchanges		1,760,583			2,742,011
Other assets		6,877,190			7,109,731
Tangible fixed assets		855,651			867,544
Intangible fixed assets		375,430			373,598
Prepaid pension costs		270,907			280,049
Customers’ liabilities for acceptances and guarantees		6,867,455			7,157,429
Allowance for credit losses		(563,216	)		(418,248	)

Total assets		204,190,574			212,246,573

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2017			As of March 31, 2018
Liabilities:
Deposits		139,164,104			145,492,629
Negotiable certificates of deposit		6,536,329			5,331,764
Call money		372,403			382,944
Payables under repurchase agreements		4,417,551			7,117,130
Payables under securities lending transactions		3,042,298			5,677,815
Commercial papers		1,661,486			1,401,857
Trading liabilities		3,809,622			2,653,609
Borrowed money		16,425,610			15,791,852
Foreign exchanges		2,381,315			2,306,525
Bonds payable		3,269,912			2,509,716
Other liabilities		5,342,066			5,248,144
Reserve for bonuses		25,508			27,460
Reserve for bonuses to directors		114			96
Reserve for stocks payment		5,003			5,296
Reserve for retirement benefits		8,939			8,656
Reserve for loyalty award credits		1,375			1,342
Reserve for contingent losses		152,279			157,215
Deferred tax liabilities		355,549			442,022
Deferred tax liabilities for land revaluation		120,147			112,872
Acceptances and guarantees		6,867,455			7,157,429

Total liabilities		193,959,075			201,826,382

Net assets:
Capital stock		1,711,958			1,711,958
Capital surplus		3,878,275			3,878,275
Capital reserve		1,711,958			1,711,958
Other capital surplus		2,166,317			2,166,317
Retained earnings		3,267,614			3,299,706
Revenue reserve		190,044			190,044
Other retained earnings		3,077,570			3,109,661
Funds for retirement benefits		2,432			2,432
Other reserve		718,196			718,196
Earned surplus brought forward		2,356,941			2,389,032
Treasury stock		(645,700	)		(645,700	)

Total shareholders’ equity		8,212,148			8,244,239

Net unrealized gains (losses) on available-for-sale securities		1,642,412			1,885,661
Net deferred gains (losses) on hedging instruments		148,777			72,994
Land revaluation excess		228,160			217,295

Total valuation and translation adjustments		2,019,351			2,175,951

Total net assets		10,231,499			10,420,190

Total liabilities and net assets		204,190,574			212,246,573

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(2) Non-consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2017			For the fiscal year ended March 31, 2018
Ordinary income		3,072,712			3,067,560
Interest income		1,667,790			1,786,907
Interest on loans and bills discounted		1,037,377			1,149,933
Interest and dividends on securities		474,162			409,646
Fees and commissions		660,690			636,827
Trading income		108,274			64,453
Other operating income		391,834			285,744
Other ordinary income		244,122			293,627
Ordinary expenses		2,440,506			2,430,468
Interest expenses		604,334			821,587
Interest on deposits		164,908			255,891
Fees and commissions		172,667			170,905
Trading expenses		—			981
Other operating expenses		242,845			107,321
General and administrative expenses		1,189,031			1,179,543
Other ordinary expenses		231,628			150,129

Ordinary profits		632,205			637,091

Extraordinary gains		11,780			2,763
Extraordinary losses		11,701			59,781

Income before income taxes		632,284			580,073

Income taxes - current		170,663			146,632
Refund of income taxes		(6,295	)		(17,311	)
Income taxes - deferred		(13,539	)		13,041

Total taxes		150,828			142,362

Net income		481,455			437,710

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2017			As of March 31, 2018
Assets:
Cash and due from banks		10,689,804			11,987,067
Call loans		267,590			19,432
Receivables under securities borrowing transactions		114,804			115,696
Monetary claims bought		15			15
Trading assets		553,416			542,572
Money held in trust		10,681			113,606
Securities		13,829,880			13,665,278
Loans and bills discounted		14,283,249			14,514,713
Foreign exchanges		77,433			93,483
Other assets		827,574			869,371
Tangible fixed assets		146,688			140,358
Intangible fixed assets		62,020			65,777
Prepaid pension costs		271,938			304,525
Customers’ liabilities for acceptances and guarantees		260,386			236,964
Allowance for credit losses		(59,306	)		(33,138	)

Total assets		41,336,180			42,635,723

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2017			As of March 31, 2018
Liabilities:
Deposits		16,334,673			15,307,147
Negotiable certificates of deposit		4,710,181			4,395,644
Call money		54,450			1,236,027
Payables under repurchase agreements		4,782,495			5,081,985
Payables under securities lending transactions		799,923			746,767
Commercial papers		540,057			531,309
Trading liabilities		139,686			73,981
Borrowed money		2,661,461			3,752,381
Foreign exchanges		38,157			42,709
Short-term bonds payable		239,999			—
Bonds payable		872,719			725,802
Due to trust accounts		6,738,770			7,163,530
Other liabilities		660,310			726,002
Reserve for bonuses		4,884			4,910
Reserve for bonuses to directors		57			62
Reserve for stocks payment		3,416			3,645
Reserve for retirement benefits		1,154			1,119
Reserve for contingent losses		7,478			13,218
Deferred tax liabilities		229,884			240,817
Deferred tax liabilities for land revaluation		4,335			4,232
Acceptances and guarantees		260,386			236,964

Total liabilities		39,084,484			40,288,258

Net assets:
Capital stock		324,279			324,279
Capital surplus		422,083			425,265
Capital reserve		250,619			250,619
Other capital surplus		171,464			174,646
Retained earnings		977,978			1,066,508
Revenue reserve		73,714			73,714
Other retained earnings		904,264			992,794
Funds for retirement benefits		710			710
Other reserve		138,495			138,495
Earned surplus brought forward		765,059			853,589

Total shareholders’ equity		1,724,341			1,816,053

Net unrealized gains (losses) on available-for-sale securities		529,191			516,851
Net deferred gains (losses) on hedging instruments		(344	)		15,150
Land revaluation excess		(1,493	)		(589	)

Total valuation and translation adjustments		527,353			531,412

Total net assets		2,251,695			2,347,465

Total liabilities and net assets		41,336,180			42,635,723

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(2) Non-consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2017			For the fiscal year ended March 31, 2018
Ordinary income		622,721			704,515
Trust fees		94,645			96,401
Interest income		287,012			337,874
Interest on loans and bills discounted		99,323			117,805
Interest and dividends on securities		173,452			195,691
Fees and commissions		136,963			140,777
Trading income		1,017			15,651
Other operating income		73,617			30,361
Other ordinary income		29,465			83,449
Ordinary expenses		458,232			498,421
Interest expenses		128,740			183,530
Interest on deposits		24,583			30,811
Fees and commissions		31,056			35,919
Trading expenses		49			34
Other operating expenses		51,711			44,927
General and administrative expenses		212,608			207,301
Other ordinary expenses		34,066			26,707

Ordinary profits		164,488			206,093

Extraordinary gains		248			53,766
Extraordinary losses		8,432			10,076

Income before income taxes		156,305			249,784

Income taxes - current		50,055			59,884
Income taxes - deferred		(14,004	)		3,145

Total taxes		36,050			63,030

Net income		120,254			186,754

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(3) Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship


(in millions of yen)	As of March 31, 2017		As of March 31, 2018
Assets:
Loans and bills discounted		204,237		306,755
Securities		53,054,465		53,976,806
Beneficiary rights to the trust		58,907,613		72,399,465
Securities held in custody accounts		3,259,572		3,121,503
Monetary claims		13,051,405		16,876,864
Tangible fixed assets		12,493,551		13,544,869
Intangible fixed assets		207,803		130,851
Other claims		3,950,126		3,645,903
Call loans		705,784		384,210
Due from banking account		9,100,260		9,626,979
Cash and due from banks		5,731,968		6,671,875

Total		160,666,790		180,686,086

Liabilities:
Money trusts		21,817,433		25,052,352
Pension trusts		12,741,687		11,946,499
Property formation benefit trusts		7,549		7,608
Investment trusts		63,323,815		77,208,657
Money entrusted other than money trusts		3,372,911		3,718,032
Securities trusts		5,399,262		5,200,280
Monetary claim trusts		12,195,074		15,977,728
Equipment trusts		66,298		72,741
Land and fixtures trusts		44,291		43,894
Composite trusts		41,698,466		41,458,291

Total		160,666,790		180,686,086



Note:	1.	The table shown above includes master trust assets under the service-shared co-trusteeship between TB 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 March 31, 2018.

Detailed information for “Money trust” with contracts indemnifying the principal amounts

(including trusts for which beneficiary interests are re-entrusted)



(in millions of yen)	As of March 31, 2017		As of March 31, 2018
Assets:
Loans and bills discounted		18,293		16,186
Securities		89,677		80,292
Other		6,581,417		7,008,991

Total		6,689,388		7,105,470

Liabilities:
Principal		6,678,398		7,105,161
Allowance for bad debts		55		48
Other		10,934		260

Total		6,689,388		7,105,470

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(4) Major Items


(in millions of yen)	As of March 31, 2017		As of March 31, 2018
Total funds		55,611,525		56,709,252

Deposits		16,334,673		15,307,147
Negotiable certificates of deposit		4,710,181		4,395,644
Money trusts		21,817,433		25,052,352
Pension trusts		12,741,687		11,946,499
Property formation benefit trusts		7,549		7,608

Loans and bills discounted		14,487,486		14,821,468

Banking account		14,283,249		14,514,713
Trust account		204,237		306,755

Investment securities		66,884,346		67,642,084

Note:

The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.