Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

ROE is computed as follows:

Profits attributable to owners of parent × 4 / 3

{(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

Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of February 2019

Commission File No. 000-54189

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

7-1, Marunouchi 2-chome, Chiyoda-ku

Tokyo 100-8330, Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or

will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(7):

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-209455) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 4, 2019


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 nine months ended December 31, 2018

February 4, 2019


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		https://www.mufg.jp/
Representative:		Nobuyuki Hirano, President & Group CEO
For inquiry:		Kazutaka Yoneda, Managing Director, Head of Financial Accounting Office, Financial Planning Division
		TEL (03) 3240-3110
Quarterly securities report issuing date:		February 14, 2019
Dividend payment date:		-
Trading accounts:		Established
Supplemental information for quarterly financial statements:		Available
Quarterly investor meeting presentation:		None

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

1. Consolidated Financial Data for the Nine Months ended December 31, 2018

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income				Ordinary Profits					Profits Attributable to Owners of Parent
For the nine months ended	million yen		%		million yen		%			million yen		%
December 31, 2018		5,023,125		9.7		1,184,876		(1.8	)		872,232		1.0
December 31, 2017		4,577,331		6.0		1,206,031		(0.5	)		863,427		9.7

(*)	Comprehensive income December 31, 2018: 279,708 million yen, (81.0)%; December 31, 2017: 1,470,500 million yen, - %


	Basic earnings per share		Diluted earnings per share
For the nine months ended	yen		yen
December 31, 2018		66.68		66.43
December 31, 2017		64.86		64.63

(2) Financial Conditions


	Total Assets		Total Net Assets		*Equity-to-asset ratio ()**
As of	million yen		million yen		%
December 31, 2018		307,194,844		17,100,324		5.1
March 31, 2018		306,937,415		17,295,037		5.2

(Reference) Shareholders’ equity as of December 31, 2018: 15,790,135 million yen; March 31, 2018: 16,024,639 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

2. Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
For the fiscal year	yen		yen		yen		yen		yen
ended March 31, 2018		—		9.00		—		10.00		19.00
ending March 31, 2019		—		11.00		—
ending March 31, 2019 (Forecast)								11.00		22.00

(*)	Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : None

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

MUFG has the target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2019.

(There is no change to our earnings target released on November 13, 2018.)

MUFG is engaged in financial service businesses such as banking business, trust banking business, securities business and credit card/loan businesses. Because there are various uncertainties caused by economic situation, market environments and other factors in these businesses, MUFG discloses a target of its profits attributable to owners of parent instead of a forecast of its performance.

ø Notes

(1)	Changes in significant subsidiaries during the period: No

(2)	Adoption of any particular accounting methods for quarterly consolidated financial statements: No

(3)	Changes in accounting policies, changes in accounting estimates and restatements

(A) Changes in accounting policies due to revision of accounting standards: No

(B) Changes in accounting policies due to reasons other than (A): No

(D) Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	December 31, 2018	13,827,607,320 shares
	March 31, 2018	13,900,028,020 shares
(B) Treasury stocks:	December 31, 2018	905,097,166 shares
	March 31, 2018	737,138,211 shares
(C) Average outstanding of total stocks:	Nine months ended December 31, 2018	13,081,212,089 shares
	Nine months ended December 31, 2017	13,311,369,048 shares

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

ø Notes for using forecasted information etc.

This financial summary report contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the company and/or the group as a whole (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company’s current estimations, perceptions and evaluations. In addition, in order for the company to adopt such estimations, forecasts, targets and plans regarding future events, certain assumptions have been made. Accordingly, due to various risks and uncertainties, the statements and assumptions are inherently not guarantees of future performance, may be considered differently from alternative perspectives and may result in material differences from the actual result. For the main factors that may affect the current forecasts, please see Consolidated Summary Report, Annual Securities Report, Disclosure Book, Annual Report, and other current disclosures that the company has announced.

The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (“Japanese GAAP”). Differences exist between Japanese GAAP and the accounting principles generally accepted in the United States (“U.S. GAAP”) in certain material respects. Such differences have resulted in the past, and are expected to continue to result for this period and future periods, in amounts for certain financial statement line items under U.S. GAAP to differ significantly from the amounts under Japanese GAAP. For example, differences in consolidation basis or accounting for business combinations, including but not limited to amortization and impairment of goodwill, could result in significant differences in our reported financial results between Japanese GAAP and U.S. GAAP. Readers should consult their own professional advisors for an understanding of the differences between Japanese GAAP and U.S. GAAP and how those differences might affect our reported financial results. To date, we have published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report.

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Consolidated Financial Statements and Notes			2
(1) Consolidated Balance Sheets			2
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			4
(3) Notes on Going-Concern Assumption			6
(4) Notes for Material Changes in Shareholders’ Equity			6
Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Nine Months Ended December 31, 2018”

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2018			As of December 31, 2018
Assets:
Cash and due from banks		74,713,689			73,836,235
Call loans and bills bought		482,285			430,788
Receivables under resale agreements		5,945,875			11,188,512
Receivables under securities borrowing transactions		9,266,996			3,083,343
Monetary claims bought		5,529,619			7,141,777
Trading assets		15,247,156			16,473,787
Money held in trust		943,153			880,027
Securities		59,266,170			58,547,506
Loans and bills discounted		108,090,994			108,402,786
Foreign exchanges		2,942,499			2,362,369
Other assets		12,176,023			12,417,895
Tangible fixed assets		1,369,977			1,360,137
Intangible fixed assets		1,246,676			1,254,577
Net defined benefit assets		874,106			949,703
Deferred tax assets		89,172			92,837
Customers’ liabilities for acceptances and guarantees		9,560,158			9,463,103
Allowance for credit losses		(807,139	)		(690,546	)

Total assets		306,937,415			307,194,844

Liabilities:
Deposits		177,312,310			176,823,677
Negotiable certificates of deposit		9,854,742			7,904,516
Call money and bills sold		2,461,088			2,148,437
Payables under repurchase agreements		18,088,513			28,441,266
Payables under securities lending transactions		8,156,582			987,926
Commercial papers		2,181,995			2,298,584
Trading liabilities		10,898,924			11,248,552
Borrowed money		16,399,502			16,026,715
Foreign exchanges		2,037,524			1,982,995
Short-term bonds payable		847,299			606,499
Bonds payable		10,706,252			11,954,357
Due to trust accounts		10,382,479			9,644,009
Other liabilities		9,270,887			9,382,087
Reserve for bonuses		86,581			46,382
Reserve for bonuses to directors		620			590
Reserve for stocks payment		11,607			10,310
Net defined benefit liabilities		59,033			60,024
Reserve for retirement benefits to directors		1,088			986
Reserve for loyalty award credits		17,836			19,784
Reserve for contingent losses		318,002			223,299
Reserves under special laws		4,319			4,267
Deferred tax liabilities		867,919			700,599
Deferred tax liabilities for land revaluation		117,104			115,543
Acceptances and guarantees		9,560,158			9,463,103

Total liabilities		289,642,377			290,094,519

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2018			As of December 31, 2018
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		1,196,803			1,145,120
Retained earnings		10,064,649			10,659,098
Treasury stock		(522,158	)		(627,811	)

Total shareholders’ equity		12,880,807			13,317,920

Net unrealized gains (losses) on available-for-sale securities		2,388,234			1,715,547
Net deferred gains (losses) on hedging instruments		59,360			75,107
Land revaluation excess		170,239			169,051
Foreign currency translation adjustments		499,557			457,528
Remeasurements of defined benefit plans		62,182			81,183
Debt value adjustments of foreign subsidiaries and affiliates		(35,743	)		(26,202	)

Total accumulated other comprehensive income		3,143,832			2,472,214

Subscription rights to shares		274			217
Non-controlling interests		1,270,123			1,309,971

Total net assets		17,295,037			17,100,324

Total liabilities and net assets		306,937,415			307,194,844

Mitsubishi UFJ Financial Group, Inc.

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income


(in millions of yen)	For the nine months ended December 31, 2017		For the nine months ended December 31, 2018
Ordinary income		4,577,331		5,023,125
Interest income		2,307,859		2,754,145
Interest on loans and bills discounted		1,526,438		1,754,192
Interest and dividends on securities		430,039		497,715
Trust fees		90,029		94,525
Fees and commissions		1,132,120		1,128,234
Trading income		228,406		176,475
Other operating income		322,276		282,567
Other ordinary income		496,639		587,177
Ordinary expenses		3,371,299		3,838,249
Interest expenses		874,180		1,304,252
Interest on deposits		307,245		414,885
Fees and commissions		160,921		163,858
Trading expenses		549		1,200
Other operating expenses		116,587		137,485
General and administrative expenses		2,022,285		2,018,267
Other ordinary expenses		196,774		213,184

Ordinary profits		1,206,031		1,184,876

Extraordinary gains		53,590		12,524
Gains on disposition of fixed assets		4,835		10,827
Reversal of reserve for contingent liabilities from financial instruments transactions		59		52
Gains on liquidation of subsidiaries		—		1,645
Gains on exchange of shares of affiliates		48,695		—
Extraordinary losses		48,792		46,380
Losses on disposition of fixed assets		6,382		5,138
Losses on impairment of fixed assets		22,839		23,102
Losses on change in equity		19,569		15,223
Losses on sales of shares of affiliates		—		2,916

Profits before income taxes		1,210,829		1,151,020

Income taxes current		250,249		140,027
Income taxes deferred		17,683		63,969

Total taxes		267,933		203,997

Profits		942,896		947,023

Profits attributable to non-controlling interests		79,469		74,791

Profits attributable to owners of parent		863,427		872,232

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the nine months ended December 31, 2017			For the nine months ended December 31, 2018
Profits		942,896			947,023
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		582,868			(643,863	)
Net deferred gains (losses) on hedging instruments		(51,023	)		14,876
Land revaluation excess		(9	)		—
Foreign currency translation adjustments		9,737			2,984
Remeasurements of defined benefit plans		32,251			17,220
Share of other comprehensive income of associates accounted for using equity method		(46,220	)		(58,534	)

Total other comprehensive income		527,603			(667,315	)

Comprehensive income		1,470,500			279,708

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		1,379,956			202,648
Comprehensive income attributable to non-controlling interests		90,543			77,059

Mitsubishi UFJ Financial Group, Inc.

(3)

Notes on Going-Concern Assumption

None.

(4)

Notes for Material Changes in Shareholders’ Equity

None.

Selected Financial Information

under Japanese GAAP

For the Nine Months Ended December 31, 2018


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]



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

2. Non Performing Loans Based on the Financial Reconstruction Law	[ BK and TB Combined including Trust Account ]	5
	[ BK Non-consolidated ][ TB Non-consolidated ]
	[ TB Non-consolidated : Trust Account ]

3. Securities	[ MUFG Consolidated ]	6
	[ BK Non-consolidated ][ TB Non-consolidated ]

4. ROE	[ MUFG Consolidated ]	9

5. Average Interest Rate Spread	[ BK and TB Combined ]	10
	[ BK Non-consolidated ][ TB Non-consolidated ]

6. Loans and Deposits	[ BK and TB Combined ]	11
	[ BK Non-consolidated ][ TB Non-consolidated ]

7. Statements of Trust Assets and Liabilities	[ TB Non-consolidated ]	12

(*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.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the nine months ended						Increase (Decrease) (A) -(B)
	December 31, 2018 (A)			December 31, 2017 (B)			Increase (Decrease) (A) -(B)
Gross profits		2,829,281			2,928,474			(99,192	)
Gross profits before credit costs for trust accounts		2,829,281			2,928,474			(99,192	)
Net interest income		1,450,023			1,433,700			16,322
Trust fees		94,525			90,029			4,496
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		964,375			971,199			(6,823	)
Net trading profits		175,275			227,856			(52,581	)
Net other operating profits		145,082			205,688			(60,606	)
Net gains (losses) on debt securities		10,274			53,549			(43,275	)
General and administrative expenses		1,988,194			1,971,339			16,854
Amortization of goodwill		13,392			13,033			359
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		854,480			970,167			(115,687	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		841,087			957,134			(116,046	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits*		841,087			957,134			(116,046	)
Net non-recurring gains (losses)		343,788			248,897			94,891
Credit costs (3)		(99,636	)		(129,320	)		29,684
Losses on loan write-offs		(111,216	)		(106,150	)		(5,065	)
Provision for specific allowance for credit losses		—			—			—
Other credit costs		11,579			(23,170	)		34,750
Reversal of allowance for credit losses (4)		69,155			35,561			33,594
Reversal of reserve for contingent losses included in credit costs (5)		48,521			—			48,521
Gains on loans written-off (6)		49,261			59,589			(10,327	)
Net gains (losses) on equity securities		84,615			134,952			(50,337	)
Gains on sales of equity securities		113,861			149,471			(35,609	)
Losses on sales of equity securities		(16,927	)		(13,253	)		(3,674	)
Losses on write-down of equity securities		(12,319	)		(1,266	)		(11,052	)
Equity in earnings of equity method investees		241,879			202,242			39,636
Other non-recurring gains (losses)		(50,008	)		(54,126	)		4,118

Ordinary profits		1,184,876			1,206,031			(21,155	)

Net extraordinary gains (losses)		(33,855	)		4,798			(38,653	)
Losses on impairment of fixed assets		(23,102	)		(22,839	)		(262	)
Losses on change in equity		(15,223	)		(19,569	)		4,346
Gains on exchange of shares of affiliates		—			48,695			(48,695	)
Profits before income taxes		1,151,020			1,210,829			(59,809	)
Income taxes-current		140,027			250,249			(110,221	)
Income taxes-deferred		63,969			17,683			46,285
Total taxes		203,997			267,933			(63,936	)
Profits		947,023			942,896			4,127
Profits attributable to non-controlling interests		74,791			79,469			(4,678	)

Profits attributable to owners of parent		872,232			863,427			8,805

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)		67,302			(34,170	)		101,472

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the nine months ended						Increase (Decrease) (A) -(B)
	December 31, 2018 (A)			December 31, 2017 (B)			Increase (Decrease) (A) -(B)
Gross profits		1,442,708			1,586,812			(144,103	)
Gross profits before credit costs for trust accounts		1,442,708			1,586,812			(144,103	)
Net interest income		892,651			873,824			18,827
Trust fees		74,552			70,221			4,330
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		379,146			416,525			(37,379	)
Net trading profits		37,501			61,769			(24,267	)
Net other operating profits		58,855			164,470			(105,615	)
Net gains (losses) on debt securities		15,380			52,113			(36,732	)
General and administrative expenses		996,013			1,003,748			(7,735	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		446,694			583,063			(136,368	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		446,694			583,063			(136,368	)
Net non-recurring gains (losses)		231,738			146,639			85,098
Credit costs (3)		(9,835	)		(51,587	)		41,752
Losses on loan write-offs		(21,402	)		(28,290	)		6,887
Provision for specific allowance for credit losses		—			—			—
Other credit costs		11,567			(23,297	)		34,865
Reversal of allowance for credit losses (4)		111,404			93,489			17,914
Reversal of reserve for contingent losses included in credit costs (5)		55,287			—			55,287
Gains on loans written-off (6)		12,647			20,669			(8,022	)
Net gains (losses) on equity securities		79,423			127,620			(48,196	)
Gains on sales of equity securities		110,026			143,493			(33,467	)
Losses on sales of equity securities		(17,396	)		(15,262	)		(2,134	)
Losses on write-down of equity securities		(13,205	)		(610	)		(12,594	)
Other non-recurring gains (losses)		(17,189	)		(43,552	)		26,363

Ordinary profits		678,432			729,702			(51,270	)

Net extraordinary gains (losses)		165,377			39,164			126,212
Income before income taxes		843,809			768,867			74,942
Income taxes-current		76,548			183,134			(106,586	)
Income taxes-deferred		47,496			8,951			38,544
Total taxes		124,044			192,086			(68,042	)

Net income		719,765			576,780			142,984


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		169,503			62,571			106,931

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2018 (A)			December 31, 2017 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,196,948			1,318,245			(121,297	)
Net interest income		784,060			757,701			26,359
Net fees and commissions		315,161			338,379			(23,218	)
Net trading profits		23,063			48,881			(25,817	)
Net other operating profits		74,662			173,283			(98,620	)
Net gains (losses) on debt securities		18,065			53,105			(35,039	)
General and administrative expenses		858,187			856,198			1,988
Amortization of goodwill		266			275			(8	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		339,027			462,322			(123,294	)
Net operating profits before provision for general allowance for credit losses		338,761			462,047			(123,286	)
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits		338,761			462,047			(123,286	)
Net non-recurring gains (losses)		228,029			112,419			115,610
Credit costs (2)		(8,661	)		(47,583	)		38,922
Reversal of allowance for credit losses (3)		108,446			80,011			28,434
Reversal of reserve for contingent losses included in credit costs (4)		55,287			—			55,287
Gains on loans written-off (5)		12,640			20,118			(7,477	)
Net gains (losses) on equity securities		70,994			98,122			(27,128	)
Gains on sales of equity securities		100,084			111,877			(11,793	)
Losses on sales of equity securities		(16,887	)		(13,484	)		(3,403	)
Losses on write-down of equity securities		(12,202	)		(271	)		(11,931	)
Other non-recurring gains (losses)		(10,678	)		(38,249	)		27,570

Ordinary profits		566,790			574,466			(7,675	)

Net extraordinary gains (losses)		151,151			(9,879	)		161,030
Income before income taxes		717,942			564,587			153,354
Income taxes-current		58,701			135,359			(76,657	)
Income taxes-deferred		29,322			4,030			25,292
Total taxes		88,024			139,389			(51,365	)

Net income		629,918			425,198			204,720


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		167,713			52,546			115,167
Provision for general allowance for credit losses		149,994			88,287			61,707
Provision for special allowance for credit losses		(41,792	)		(7,994	)		(33,797	)
Allowance for credit to specific foreign borrowers		244			(280	)		525
Losses on loans write-off		(20,584	)		(28,289	)		7,705
Provision for contingent losses included in credit costs		55,287			(12,086	)		67,374
Gains on loans written-off		12,640			20,118			(7,477	)
Losses on sales of other loans, etc.		11,922			(7,207	)		19,129

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the nine months ended						Increase (Decrease) (A) -(B)
	December 31, 2018 (A)			December 31, 2017 (B)			Increase (Decrease) (A) -(B)
Gross profits		245,759			268,566			(22,806	)
Gross profits before credit costs for trust accounts		245,759			268,566			(22,806	)
Trust fees		74,552			70,221			4,330
Credit costs for trust accounts (1)		—			—			—
Net interest income		108,591			116,122			(7,531	)
Net fees and commissions		63,985			78,146			(14,160	)
Net trading profits		14,437			12,888			1,549
Net other operating profits		(15,807	)		(8,812	)		(6,994	)
Net gains (losses) on debt securities		(2,684	)		(991	)		(1,692	)
General and administrative expenses		137,826			147,550			(9,724	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		107,933			121,015			(13,082	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		107,933			121,015			(13,082	)
Net non-recurring gains (losses)		3,708			34,220			(30,512	)
Credit costs (3)		(1,173	)		(4,004	)		2,830
Reversal of allowance for credit losses (4)		2,957			13,477			(10,520	)
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		6			551			(545	)
Net gains (losses) on equity securities		8,429			29,498			(21,068	)
Gains on sales of equity securities		9,941			31,615			(21,674	)
Losses on sales of equity securities		(509	)		(1,777	)		1,268
Losses on write-down of equity securities		(1,002	)		(339	)		(663	)
Other non-recurring gains (losses)		(6,510	)		(5,303	)		(1,207	)

Ordinary profits		111,641			155,236			(43,594	)

Net extraordinary gains (losses)		14,225			49,043			(34,818	)
Income before income taxes		125,867			204,279			(78,412	)
Income taxes-current		17,847			47,775			(29,928	)
Income taxes-deferred		18,173			4,921			13,251
Total taxes		36,020			52,697			(16,677	)

Net income		89,847			151,582			(61,735	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		1,789			10,025			(8,235	)
Credit costs for trust accounts		—			—			—
Provision for general allowance for credit losses		2,945			16,975			(14,029	)
Provision for special allowance for credit losses		11			(3,497	)		3,509
Allowance for credit to specific foreign borrowers		—			0			(0	)
Losses on loans write-offs		(818	)		(0	)		(818	)
Provision for contingent losses included in credit costs		(354	)		(4,396	)		4,041
Gains on loans written-off		6			551			(545	)
Losses on sales of other loans, etc.		—			392			(392	)

Mitsubishi UFJ Financial Group, Inc.

2. Non Performing Loans Based on the Financial Reconstruction Law

BK and TB Combined including Trust Account


	(in millions of yen)
	As of December 31, 2018			As of March 31, 2018
Bankrupt or De facto Bankrupt		108,911			118,812
Doubtful		327,607			344,145
Special Attention		201,369			462,747
Non Performing Loans		637,889			925,704
Total loans		103,189,683			104,665,778
Non Performing Loans / Total loans		0.61	%		0.88	%

BK Non-consolidated
	(in millions of yen)
	As of December 31, 2018			As of March 31, 2018
Bankrupt or De facto Bankrupt		108,108			117,413
Doubtful		323,749			338,442
Special Attention		198,262			434,940
Non Performing Loans		630,120			890,796
Total loans		98,268,375			89,765,097
Non Performing Loans / Total loans		0.64	%		0.99	%

TB Non-consolidated
	(in millions of yen)
	As of December 31, 2018			As of March 31, 2018
Bankrupt or De facto Bankrupt		803			1,395
Doubtful		3,792			5,619
Special Attention		2,985			27,661
Non Performing Loans		7,581			34,676
Total loans		4,906,724			14,884,494
Non Performing Loans / Total loans		0.15	%		0.23	%

TB Non-consolidated: Trust Account
	(in millions of yen)
	As of December 31, 2018			As of March 31, 2018
Bankrupt or De facto Bankrupt		0			3
Doubtful		65			83
Special Attention		121			144
Non Performing Loans		187			232
Total loans		14,583			16,186
Non Performing Loans / Total loans		1.28	%		1.43	%

Mitsubishi UFJ Financial Group, Inc.

3. Securities

MUFG Consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, beneficiary rights to the trust in “Monetary claims bought” and others in addition to “Securities”.

(in millions of yen)

As of December 31, 2018

As of March 31, 2018

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Debt securities being held to maturity

4,511,177

276

3,593,058

37,990

(in millions of yen)

As of December 31, 2018

As of March 31, 2018

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Available-for-sale securities

54,382,122

2,599,864

55,397,324

3,517,412

Domestic equity securities

4,792,323

2,539,622

5,541,043

3,220,193

Domestic bonds

25,418,038

301,828

26,980,627

305,519

Other

24,171,760

(241,586

)

22,875,652

(8,300

)

Foreign equity securities

143,939

(5,885

)

334,540

35,975

Foreign bonds

17,834,101

(159,241

)

17,448,342

(139,099

)

Other

6,193,719

(76,459

)

5,092,769

94,823

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”.

(in millions of yen)

As of December 31, 2018

As of March 31, 2018

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

2,154,166

37,762

1,909,933

44,573

Stocks of subsidiaries and affiliates

1,199,201

(66,387

)

932,607

105,350

(in millions of yen)

As of December 31, 2018

As of March 31, 2018

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

38,129,375

2,089,177

38,764,391

2,757,167

Domestic equity securities

3,882,104

1,959,465

4,497,191

2,517,171

Domestic bonds

22,599,125

280,352

23,610,239

273,943

Other

11,648,146

(150,639

)

10,656,960

(33,947

)

Foreign equity securities

69,564

28,684

229,935

40,051

Foreign bonds

8,087,400

(53,243

)

7,663,006

(56,832

)

Other

3,491,181

(126,081

)

2,764,018

(17,166

)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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

(in millions of yen)

As of December 31, 2018

As of March 31, 2018

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

917,342

1,657

494,365

2,702

Stocks of subsidiaries and affiliates

42,267

(46

)

7,190

413

(in millions of yen)

As of December 31, 2018

As of March 31, 2018

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

12,129,804

513,196

12,874,815

745,891

Domestic equity securities

949,841

508,659

1,093,627

640,863

Domestic bonds

2,920,770

20,678

3,471,719

30,690

Other

8,259,193

(16,141

)

8,309,468

74,338

Foreign equity securities

53,687

(40,569

)

91,065

(11,387

)

Foreign bonds

6,680,877

(19,514

)

7,025,849

(12,310

)

Other

1,524,628

43,942

1,192,552

98,036

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the nine months ended December 31, 2018	For the nine months ended December 31, 2017
ROE	8.56	8.82

Mitsubishi UFJ Financial Group, Inc.

5. Average Interest Rate Spread

BK and TB Combined


	(percentage per annum)
(Domestic business segment)	For the nine months ended December 31, 2018	For the nine months ended December 31, 2017
Average interest rate on loans and bills discounted	0.78	0.80
Average interest rate on deposits and NCD	0.00	0.01
Interest rate spread	0.77	0.79

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted	0.83	0.86
Interest rate spread	0.82	0.85
BK Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the nine months ended December 31, 2018	For the nine months ended December 31, 2017
Average interest rate on loans and bills discounted	0.81	0.88
Average interest rate on deposits and NCD	0.00	0.00
Interest rate spread	0.80	0.88

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted	0.84	0.94
Interest rate spread	0.83	0.94
TB Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the nine months ended December 31, 2018	For the nine months ended December 31, 2017
Average interest rate on loans and bills discounted	0.39	0.45
Average interest rate on deposits and NCD	0.04	0.07
Interest rate spread	0.34	0.38

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted	0.63	0.50
Interest rate spread	0.58	0.42

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of December 31, 2018		As of March 31, 2018
Deposits (ending balance)		161,714,367		160,799,777
Deposits (average balance)		164,107,579		158,125,973
Loans (ending balance)		93,312,549		93,727,957
Loans (average balance)		94,864,193		95,206,469

	(in millions of yen)
	As of December 31, 2018		As of March 31, 2018
Domestic deposits (ending balance)*		140,424,843		138,437,269
Individuals		77,498,465		75,302,588

Note:

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

BK Non-consolidated


	(in millions of yen)
	As of December 31, 2018		As of March 31, 2018
Deposits (ending balance)		147,834,176		145,492,629
Deposits (average balance)		150,178,617		143,218,442
Loans (ending balance)		88,509,674		79,213,244
Loans (average balance)		89,339,724		80,916,947

	(in millions of yen)
	As of December 31, 2018		As of March 31, 2018
Domestic deposits (ending balance)*		128,032,695		124,710,836
Individuals		70,108,653		67,612,602

Note:

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

TB Non-consolidated


	(in millions of yen)
	As of December 31, 2018		As of March 31, 2018
Deposits (ending balance)		13,880,190		15,307,147
Deposits (average balance)		13,928,961		14,907,531
Loans (ending balance)		4,802,874		14,514,713
Loans (average balance)		5,524,469		14,289,522

	(in millions of yen)
	As of December 31, 2018		As of March 31, 2018
Domestic deposits (ending balance)*		12,392,147		13,726,432
Individuals		7,389,812		7,689,986

Note:

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

Mitsubishi UFJ Financial Group, Inc.

7. Statements of Trust Assets and Liabilities

TB Non-consolidated

Including trust assets under service-shared co-trusteeship


(in millions of yen)	As of March 31, 2018		As of December 31, 2018
Assets:
Loans and bills discounted		306,755		384,446
Securities		53,976,806		53,405,884
Beneficiary rights to the trust		72,399,465		77,714,625
Securities held in custody accounts		3,121,503		3,742,884
Monetary claims		16,876,864		17,535,352
Tangible fixed assets		13,544,869		14,164,417
Intangible fixed assets		130,851		133,838
Other claims		3,645,903		3,405,348
Call loans		384,210		1,133,417
Due from banking account		9,626,979		8,928,980
Cash and due from banks		6,671,875		5,769,012

Total		180,686,086		186,318,207

Liabilities:
Money trusts		25,052,352		24,003,151
Pension trusts		11,946,499		11,523,493
Property formation benefit trusts		7,608		7,251
Investment trusts		77,208,657		82,360,316
Money entrusted other than money trusts		3,718,032		3,956,134
Securities trusts		5,200,280		5,935,395
Monetary claim trusts		15,977,728		16,501,912
Equipment trusts		72,741		80,428
Land and fixtures trusts		43,894		43,834
Composite trusts		41,458,291		41,906,289

Total		180,686,086		186,318,207


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 1,505 millions of yen as of March 31, 2018 and 1,504 millions of yen as of December 31, 2018, respectively.