FORM 6-K/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K/A

 

 

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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 21, 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


Mitsubishi UFJ Financial Group, Inc. (MUFG)

(TSE Code: 8306)

Corrections to “Consolidated Summary Report <under Japanese GAAP>

for the fiscal year ended March 31, 2018”

Tokyo, May 21, 2018 — MUFG today announced partial corrections to “Consolidated Summary Report <under Japanese GAAP> for the fiscal year ended March 31, 2018” disclosed on May 15, 2018, as shown in the Appendix.

— End —


(Translation)

Appendix

Corrections:

Consolidated Summary Report <under Japanese GAAP> for the fiscal year ended March 31, 2018 (Summary information)

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

(3) Cash Flows

* The corrected figures are underlined.

(Before Correction)

 

     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  

(After Correction)

 

     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

     6,913,197        (565,875     (290,538     39,944,713  

March 31, 2017

     7,013,064        8,907,549       (670,592     33,968,391  

Consolidated Summary Report <under Japanese GAAP> for the fiscal year ended March 31, 2018 (page 11-12)

3. Consolidated Financial Statements and Notes

(4) Consolidated Statements of Cash Flows

* The corrected figures are underlined.

(Before Correction)

 

(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


(in millions of yen)        For the fiscal year    
ended
March 31, 2017
        For the fiscal year    
ended
March 31, 2018
 

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  
  

 

 

   

 

 

 

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  


(in millions of yen)        For the fiscal year    
ended
March 31, 2017
        For the fiscal year    
ended
March 31, 2018
 

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  
  

 

 

   

 

 

 

(After Correction)

 

(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       326,825  

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  


(in millions of yen)        For the fiscal year    
ended
March 31, 2017
        For the fiscal year    
ended
March 31, 2018
 

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       7,131,489  
  

 

 

   

 

 

 

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       6,913,197  
  

 

 

   

 

 

 

Cash flows from investing activities:

    

Purchases of securities

     (56,618,395     (73,029,164

Proceeds from sales of securities

     39,602,665       33,503,855  

Proceeds from redemption of securities

     26,428,256       39,502,328  

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       (565,875
  

 

 

   

 

 

 

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  


(in millions of yen)        For the fiscal year    
ended
March 31, 2017
        For the fiscal year    
ended
March 31, 2018
 

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  
  

 

 

   

 

 

 

Selected Financial Information under Japanese GAAP For the Fiscal Year Ended March 31, 2018 (page 8)

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

* The corrected figures are underlined.

(Before Correction)

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  
  

 

 

    

 

 

    

 

 

    

 

 

 


(After Correction)

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

     712.9        5,388.4        13,597.4        19,698.8  

Receive-floater/pay-fix

     479.8        5,694.4        2,500.5        8,674.7  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,192.7        11,082.8        16,097.9        28,373.6  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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

     80.7        675.5        87.7        843.9  

Receive-floater/pay-fix

     460.2        1,735.7        1,800.7        3,996.6  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     540.9        2,411.2        1,888.4        4,840.6