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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Issuer

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

the Securities Exchange Act of 1934

For the month of February, 2006

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 offices)

[Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.]

Form 20-F x            Form 40-F ¨

[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]

Yes ¨            No x

 

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SIGNATURES

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

Date: February 15, 2006

 

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Consolidated Financial Information

<consistent with Japanese GAAP>

for the nine months ended December 31, 2005

 

Date:		February 15, 2006
Company name (code number):		Mitsubishi UFJ Financial Group, Inc. (8306) (URL http://www.mufg.jp/)
Stock exchange listings:		Tokyo, Osaka, Nagoya, New York, London
Headquarters:		Tokyo
Representative:		Nobuo Kuroyanagi, President & CEO
For inquiry:		Yoshihisa Harata, Chief Manager - Financial Planning Division (Phone) +81-3-5252-4160
Trading accounts:		Established
Audit corporation participation		None

1. Notes to consolidated financial information

(1) Adoption of simplified accounting method:

The allowance for credit losses and the others partially adopt the simplified accounting methods.

The allowance for credit losses is stated based on the following:

For a part of claims to debtors whose internal credit ratings are not changed from that as of the previous fiscal year, it is calculated using the loss ratios on the claims as of the previous fiscal year, etc.

For a part of claims to debtors whose internal credit ratings are changed from that as of the previous fiscal year, it is calculated using the loss ratios on the claims as of the previous fiscal year based on the internal credit ratio as of December 31, 2005, etc.

A part of assets is stated based on actual amounts as of the previous fiscal year, etc.

(2) Change in accounting policies: None

(3) Change in scope of consolidated and application of the equity method:

 

Consolidated subsidiaries:		Newly included: 119		Excluded: 7
Affiliated companies accounted for by the equity method:		Newly included: 26		Excluded: 9

 

1

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2. Consolidated financial data for the nine months ended December 31, 2005

(1) Operating results

The following operating results for nine months of this year disclosed adding up the results of Mitsubishi Tokyo Financial Group, Inc (from April 1 to September 30) and Mitsubishi UFJ Financial Group, Inc (from October 1 to December 31).

 

		(in millions of yen except per share data and percentages)
		For the nine months ended December 31,					For the year ended March 31,
		2005			2004		2005
Ordinary income		2,756,504			1,878,791		2,628,509
Change from the previous year		46.7	%		—		2.9	%
Ordinary profit		740,382			470,141		593,291
Change from the previous year		57.5	%		—		2.6	%
Net income		615,371			284,200		338,416
Change from the previous year		116.5	%		—		(39.7	)%
Net income per common share		79,982.85			43,068.96		51,086.02
Net income per common and common equivalent share		77,457.43			—		—

Note:

The above operating results of the previous year disclosed of Mitsubishi Tokyo Financial Group, Inc.’s results.

(Reference) UFJ Holdings, Inc.

 

		For the six months ended September 30, 2005		For the nine months ended December 31, 2004			For the year ended March 31, 2005
Ordinary income		1,113,760		1,689,411			2,305,373
Ordinary profit		355,247		(643,333	)		(496,830	)
Net income		411,057		(385,792	)		(554,532	)
Net income per common share		79,851.45		(75,550.90	)		(108,332.61	)
Net income per common and common equivalent share		57,075.34		—			—

 

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With respect to the economic environment between April and December 2005, overseas economies such as United States and China showed steady signs of economic growth. Meanwhile, the Japanese economy started off slowly, as exports were sluggish due to the decline of foreign demand, which was caused by an adjustment in inventory mainly in the IT sector. However, increases in domestic capital expenditures and the steady rise in private consumption continued during this period, and with the rise in exports in summer, the Japanese economy moved toward recovery and the possible end of deflation.

Regarding the financial environment between April and December 2005, in the United States, the target for the federal funds rate was raised 6 times, from 2.75% to 4.25%. Similarly, in the EU, the European Central Bank’s policy rate was raised from 2% to 2.25% in December 2005. However, in Japan, the Bank of Japan continued its current easy monetary policy and kept short-term interest rates at near zero percent. Regarding long-term interest rates, the yield on ten-year Japanese government bonds started a gradual uptrend from around summer, but the uptrend stopped at the end of December. In the foreign exchange markets, the yen depreciated against the US dollar during the period due to expectations of the widening in interest rate differentials between yen and US dollar, taking into account the rise in US interest rates.

 

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On October 1, 2005, Mitsubishi Tokyo Financial Group, Inc (MTFG: the surviving entity) and UFJ Holdings merged and began operations as Mitsubishi UFJ Financial Group, Inc (MUFG). Amidst this environment, for the nine months ended December 31, 2005, MUFG’s ordinary income was ¥2,756.5 billion, an increase of 46.7% compared to MTFG’s for the nine months ended December 31, 2004, ordinary profit was ¥740.3 billion, an increase of 57.5% compared to MTFG’s for the nine months ended December 31, 2004, and net income was ¥615.3 billion, an increase of 116.5% compared to MTFG’s for the nine months ended December 31, 2004.

 

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2

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(2) Financial condition

 

(in millions of yen except per share data and percentages)
		As of September 30, 2005			As of December 31, 2004			As of March 31, 2005
Total assets		194,595,894			116,246,651			110,285,508
Shareholders’ equity		6,994,462			4,401,133			4,777,825
Shareholders’ equity as a percentage of total liabilities, minority interest and shareholders’ equity		3.5	%		3.8	%		4.3	%
Shareholders’ equity per common share		598,847.23			654,213.78			673,512.65

Note:

The above financial results of the previous year disclosed of Mitsubishi Tokyo Financial Group, Inc.’s results.

(Reference) UFJ Holdings, Inc.

 

		As of September 30, 2005			As of December 31, 2004			As of March 31, 2005
Total assets		78,074,507			83,910,051			82,553,660
Shareholders’ equity		1,687,677			1,270,864			1,180,098
Shareholders’ equity as a percentage of total liabilities, minority interest and shareholders’ equity		2.2	%		1.5	%		1.4	%
Shareholders’ equity per common share		55,499.87			(29,162.66	)		(46,437.47	)

 

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As a result of the merger to form MUFG on October 1, 2005, total assets increased by ¥84,310.3 billion from ¥110,285.5 billion at March 31, 2005 to ¥194,595.8 billion at December 31, 2005 and shareholders’ equity increased by ¥2,216.6 billion from ¥4,777.8 billion at March 31, 2005 to ¥6,994.4 billion at December 31, 2005.

The change of total assets consisted mainly of an increase in Loans and bills discounted and an increase in investment securities. Loans and bills discounted increased by ¥40,374.4 billion, from ¥46,446.6 billion at March 31, 2005 to ¥86,821.1 billion at December 31, 2005, due to the increase in loans and bills discounted by overseas branches and overseas subsidiaries, and also due to the increase in domestic housing loans. Investment securities increased by ¥22,433.2 billion from ¥28,823.4 billion at March 31, 2005 to ¥51,256.7 billion at December 31, 2005.

 

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(Reference)

Earning projections for the fiscal year ending March 31, 2006

 

					(in millions of yen)
		Ordinary income			Ordinary profit			Net income
For the year ending March 31, 2006		4,085,000			1,065,000			760,000
As previously announced on November 24, 2005		(4,085,000	)		(990,000	)		(520,000	)

Projected net income per common share for the year ending March 31, 2006 (yen):             91,876.61

Note:

The aggregate amount of former Mitsubishi Tokyo Financial Group’s operatings results (from April to September 2005) and Mitsubishi UFJ Financial Group’s operatings results (from October to December 2005) and projected earnings (from January to March 2006).

 

3

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Qualitative information related to the earning projections:

Mitsubishi UFJ Financial Group, Inc. today announced that it has revised its consolidated earning projections for the fiscal year ending March 31, 2006 as above, due to an increase in the reversal of allowance for loan losses. (Please refer to our press release, dated February 15, 2006, entitled “Revisions of projections concerning consolidated earnings and dividends for the fiscal year ending March 31, 2006.”

 

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(Aggregate of Mitsubishi UFJ Financial Group, Inc. and former UFJ Holdings, Inc.)

Earning projections for the fiscal year ending March 31, 2006

 

 

		(in millions of yen)
		Ordinary profit			Net income
For the year ending March 31, 2006		1,420,000			1,170,000
As previously announced on November 24, 2005		(1,345,000	)		(930,000	)

Note:

The aggregate amount of former Mitsubishi Tokyo Financial Group’s operatings results and former UFJ Holdings’ operatings results (from April to September 2005), Mitsubishi UFJ Financial Group’s operatings results (from October to December 2005) and projected earnings (from January to March 2006).

 

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This financial summary report and the accompanying financial highlights contain forward-looking statements and other forward-looking information relating to the company and/or the group as a whole (the “forward-looking statements”). The forward-looking statements are not historical facts and include, reflect or are otherwise based upon, among other things, the company’s current estimations, projections, views, policies, business strategies, targets, expectations, assumptions and evaluations with respect to general economic conditions, its results of operations, its financial condition, its management in general and other future events. Accordingly, they are inherently susceptible to uncertainties, risks and changes in circumstances and are not guarantees of future performance.

Some forward-looking statements represent targets that the company’s management will strive to achieve through the successful implementation of the company’s business strategies. The company may not be successful in implementing its business strategy, and actual results may differ materially, for a wide range of possible reasons. In particular, the targets reflect assumptions about the successful implementation of the integration plan. Other forward-looking statements reflect the assumptions and estimations upon which the calculation of deferred tax assets has been based and are themselves subject to the full range of uncertainties, risks and changes in circumstances outlined above.

In light of the many risks, uncertainties and possible changes, you are advised not to put undue reliance on the forward-looking statements. The company is under no obligation – and expressly disclaims any obligation – to update or alter the forward-looking statements, except as may be required by any applicable laws and regulations or stock exchange rules.

For detailed information relating to uncertainties, risks and changes regarding the forward-looking statements, please see the company’s latest annual report and other disclosures.

 

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4

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1. Consolidated Balance Sheets

 

		As of December 31, 2005 (A)			As of March 31, 2005						(A)-(B)			(Reference) As of December 31, 2004
(in millions of yen)					(MTFG) (B)			(Reference) (UFJHD)						(MTFG)			(UFJHD)
Assets:
Cash and due from banks		16,729,714			8,655,835			5,930,442			8,073,879			7,487,042			8,822,014
Call loans and bills bought		1,656,580			930,495			365,723			726,084			569,910			314,180
Receivables under resale agreements		1,123,765			500,490			1,778,607			623,274			1,339,595			875,928
Receivables under securities borrowing transactions		3,934,683			5,791,884			2,404,996			(1,857,201	)		5,771,386			2,680,692
Monetary claims bought		3,019,795			2,055,184			398,136			964,610			1,829,314			364,309
Trading assets		9,687,575			7,552,891			5,298,794			2,134,683			8,017,487			5,374,794
Money held in trust		441,133			456,481			57,019			(15,347	)		466,447			74,857
Securities		51,256,704			28,823,427			21,770,762			22,433,277			35,018,376			19,350,085
Allowance for losses on securities		(1,734	)		(1,198	)		(4,125	)		(536	)		(1,396	)		(16,422	)
Loans and bills discounted		86,821,169			46,446,670			37,354,415			40,374,498			46,131,201			38,695,080
Foreign exchanges		1,409,006			677,907			653,615			731,098			653,777			643,504
Other assets		6,407,557			3,203,407			2,155,598			3,204,150			3,631,147			2,329,444
Premises and equipment		1,522,442			851,166			648,145			671,276			857,167			653,087
Deferred tax assets		855,128			485,078			1,122,422			370,050			602,438			1,228,158
Goodwill		148,052			—			3,076			148,052			—			4,614
Customers’ liabilities for acceptances and guarantees		11,256,661			4,595,401			4,088,890			6,661,260			4,637,823			3,757,465
Reserve for possible loan losses		(1,672,343	)		(739,617	)		(1,472,861	)		(932,725	)		(765,070	)		(1,241,743	)
Total assets		194,595,894			110,285,508			82,553,660			84,310,385			116,246,651			83,910,051
Liabilities:
Deposits		117,310,018			67,548,724			50,725,723			49,761,293			66,952,158			49,732,045
Negotiable certificates of deposit		8,048,314			2,824,981			3,857,874			5,223,333			3,052,037			4,791,365
Debentures		—			—			—			—			15,211			—
Call money and bills sold		14,580,776			9,169,566			4,765,662			5,411,209			10,774,081			6,875,789
Payables under repurchase agreements		6,252,208			2,908,795			2,906,021			3,343,412			5,805,682			1,952,873
Payables under securities lending transactions		3,545,019			2,923,613			2,261,850			621,406			4,403,291			2,865,948
Commercial paper		370,519			495,034			97,638			(124,515	)		654,008			126,411
Trading liabilities		3,798,384			3,364,589			3,753,343			433,795			3,513,457			2,838,073
Borrowed money		2,885,336			1,258,600			1,384,986			1,626,735			1,240,273			1,592,410
Foreign exchanges		1,570,582			927,845			148,942			642,736			1,069,102			167,921
Short-term corporate bonds		669,100			905,700			464,200			(236,600	)		690,900			220,600
Bonds and notes		6,662,059			4,161,181			2,564,335			2,500,877			3,993,704			2,640,102
Bonds with warrants		49,165			49,165			—			—			49,165			—
Due to trust account		3,350,072			1,231,315			1,241,919			2,118,757			1,344,756			1,434,955
Other liabilities		5,027,827			2,514,606			1,457,546			2,513,220			3,021,282			1,510,812
Reserve for employees’ bonuses		12,812			20,444			9,895			(7,631	)		5,191			3,318
Reserve for employee retirement benefits		93,734			39,483			13,537			54,251			41,989			13,096
Reserve for Losses on Supports of Specific Borrowers		—			—			—			—			—			480,511
Reserve for Losses on Compensation Claim		—			—			14,522			—			—			15,410
Reserve for expenses related to EXPO 2005 Japan		300			265			—			34			238			—
Reserves under special laws		2,199			1,457			322			741			1,345			339
Deferred tax liabilities		285,618			56,792			28,784			228,825			58,482			21,488
Deferred tax liabilities for land revaluation		212,045			133,149			75,230			78,895			133,750			75,393
Acceptances and guarantees		11,256,661			4,595,401			4,088,890			6,661,260			4,637,823			3,757,465
Total liabilities		185,982,756			105,130,715			79,861,227			80,852,040			111,457,937			81,116,332
Minority interest		1,618,675			376,966			1,512,334			1,241,709			387,580			1,522,854
Stockholders’ equity:
Capital stock		1,383,052			1,383,052			1,000,000			—			1,258,052			1,000,000
Capital surplus		1,658,088			955,067			1,233,741			703,020			829,937			1,233,738
Retained earnings		2,809,037			1,824,292			(1,325,433	)		984,745			1,769,004			(1,156,884	)
Revaluation reserve for land, net of taxes		148,099			149,583			110,534			(1,484	)		150,862			110,800
Net unrealized gains on securities available for sale, net of taxes		1,634,903			591,142			257,526			1,043,761			494,924			163,608
Foreign currency translation adjustments		(77,962	)		(121,752	)		(93,579	)		43,790			(98,436	)		(77,923	)
Treasury stock		(560,756	)		(3,559	)		(2,691	)		(557,196	)		(3,211	)		(2,475	)
Total stockholders’ equity		6,994,462			4,777,825			1,180,098			2,216,636			4,401,133			1,270,864
Total liabilities, minority interest and stockholders’ equity		194,595,894			110,285,508			82,553,660			84,310,385			116,246,651			83,910,051

 

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2. Consolidated Statements of Income

Note:

The following financial results for the nine months ended December 31, 2005 disclosed adding up the results of

The Mitsubishi Tokyo Financial Group, Inc. (from April 1 to September 30) and Mitsubishi UFJ Financial Group, Inc (from October 1 to December 31).

 

(in millions of yen)		For the nine months ended December 31, 2005 (A)		For the nine months ended December 31, 2004					(A)-(B)			(Reference) For the year ended March 31, 2005
				(MTFG) (B)		(Reference) (UFJHD)
												(MTFG)		(UFJHD)
Ordinary income:
Interest income:		1,543,411		1,038,433		746,867			504,978			1,426,668		1,017,174
(Interest on loans and discounts)		927,777		630,337		546,450			297,439			849,596		724,685
(Interest and dividends on securities)		341,633		241,327		148,200			100,305			350,725		210,231
Trust fees		60,541		64,022		30,839			(3,481	)		100,959		51,236
Fees and commissions		631,264		409,071		353,138			222,192			567,954		496,579
Trading income		70,448		94,969		63,726			(24,520	)		126,712		55,578
Other operating income		339,160		158,144		329,024			181,016			211,297		447,650
Other income		111,677		114,149		165,814			(2,471	)		194,917		237,153
Total ordinary income		2,756,504		1,878,791		1,689,411			877,713			2,628,509		2,305,373
Ordinary expenses:
Interest expense:		589,946		294,662		151,798			295,284			419,691		213,741
(Interest on deposits)		280,220		140,651		54,814			139,569			198,454		76,702
Fees and commissions		69,119		47,900		55,662			21,218			68,402		71,308
Trading expenses		—		641		—			(641	)		1,385		1,648
Other operating expenses		119,322		86,662		165,845			32,660			113,072		212,486
General and administrative expenses		1,083,174		787,128		546,660			296,046			1,046,421		730,478
Other expenses		154,559		191,654		1,412,777			(37,095	)		386,245		1,572,541
Total ordinary expenses		2,016,122		1,408,649		2,332,745			607,473			2,035,218		2,802,204
Ordinary profit		740,382		470,141		(643,333	)		270,240			593,291		(496,830	)
Extraordinary profits		207,380		65,691		542,010			141,688			76,855		311,345
Extraordinary losses		9,115		10,523		33,346			(1,408	)		14,670		49,057
Income before income taxes and others		938,646		525,309		(134,669	)		413,337			655,475		(234,542	)
Provision for income taxes and others		64,198		61,151		9,411			3,046			69,321		17,871
Deferred income taxes		204,760		149,410		226,904			55,350			208,966		280,121
Minority interest		54,316		30,547		14,807			23,769			38,771		21,995
Net income		615,371		284,200		(385,792	)		331,171			338,416		(554,532	)

 

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3. Statement of Trust Assets and Liabilities

Statement of Trust Assets and Liabilities which is obtained by adding up Trust Assets under Service-Shared Co-Trusteeship

 

		As of December 31, 2005 (A)		As of March 31, 2005							As of December 31, 2004
(in millions of yen)				MTB (B)		UTB (Reference)		(A) - (B)			MTB (Reference)		UTB (Reference)
Assets:
Loans and bills discounted		374,548		567,621		634,442		(193,072	)		623,898		669,651
Securities		40,378,270		26,477,753		13,296,589		13,900,517			25,244,782		13,297,675
Beneficiary rights to the trust		25,405,373		12,233,993		12,110,135		13,171,380			11,988,885		12,489,979
Securities held in custody accounts		1,089,652		2,798,335		386,783		(1,708,682	)		3,993,525		467,547
Securities lent		—		—		498,000		—			—		946,100
Money claims		10,148,905		4,552,261		3,274,654		5,596,644			4,106,725		3,089,937
Premises and equipment		5,932,186		2,780,985		2,612,337		3,151,200			2,564,013		2,252,637
Surface rights		17,805		2,752		16,525		15,052			548		10,934
Lease rights		46,025		31,182		14,837		14,842			24,080		25,940
Other claims		1,520,981		2,312,741		819,269		(791,760	)		2,876,142		1,491,741
Call loans		1,496,149		969,813		426,775		526,335			1,103,685		390,858
Due from banking account		3,349,983		2,342,436		1,337,922		1,007,546			1,846,963		1,533,455
Cash and due from banks		904,634		2,071,320		705,656		(1,166,686	)		1,941,110		693,648
Total assets		90,664,515		57,141,197		36,133,931		33,523,317			56,314,361		37,360,107
Liabilities:
Money trusts		27,464,725		20,050,317		7,888,147		7,414,408			18,067,953		7,849,420
Pension trusts		12,210,404		8,215,110		4,015,523		3,995,294			8,227,555		4,274,754
Property formation benefit trusts		15,591		12,566		4,413		3,025			13,004		4,611
Loan trusts		719,701		545,117		525,630		174,584			622,785		569,388
Investment trusts		23,513,063		11,053,111		12,102,382		12,459,951			10,690,054		12,464,320
Money entrusted other than money trusts		3,304,251		2,013,298		916,822		1,290,953			2,076,495		835,002
Securities trusts		1,384,220		5,186,148		1,628,671		(3,801,927	)		7,349,497		2,948,229
Money claims trusts		10,545,586		4,588,641		3,342,421		5,956,945			4,082,042		3,104,730
Equipment trusts		33,350		—		63,452		33,350			—		74,290
Land and fixtures trusts		119,357		98,411		63,450		20,945			100,709		64,465
Land Leases trusts		263		—		260		263			—		258
Composite trusts		11,353,999		5,378,475		5,582,755		5,975,523			5,084,264		5,170,633
Other trusts		0		0		0		0			0		0
Total liabilities		90,664,515		57,141,197		36,133,931		33,523,317			56,314,361		37,360,107

 

7

---

4. Business segment information

 

<For the nine months ended December 31, 2005>															(in millions of yen)
		Banking		Trust Banking		Securities		Other		Total		(Elimination)			Consolidated
Ordinary profit		607,547		126,430		55,313		1,052,062		1,841,354		(1,100,972	)		740,382

Notes:

1. Ordinary profit is presented as counterparts of operating profit of companies in other industries.

2. Other primarily includes credit card and leasing businesses.

3. Other primarily includes dividend of 1,010,251 million yen from MUFG’s domestic banking subsidiary and trust banking subsidiary.

 

<For the nine months ended December 31, 2004>															(in millions of yen)
		Banking		Trust Banking		Securities		Other		Total		(Elimination)			Consolidated
Ordinary profit		381,976		63,824		10,926		228,921		685,648		(215,506	)		470,141

Notes:

1.The above ordinary profit disclosed MTFG’s results.

2. Ordinary profit is presented as counterparts of operating profit of companies in other industries.

3. Other primarily includes credit card and leasing businesses.

4. Other primarily includes dividend of 214,015 million yen from MTFG’s domestic banking subsidiary and trust banking subsidiary.

(Reference)

 

<For the year ended March 31, 2005>															(in millions of yen)
		Banking		Trust Banking		Securities		Other		Total		(Elimination)			Consolidated
Ordinary profit		436,702		141,539		9,675		227,650		815,567		(222,276	)		593,291

Notes:

1.The above ordinary profit disclosed MTFG’s results.

2. Ordinary profit is presented as counterparts of operating profit of companies in other industries.

3. Other primarily includes credit card and leasing businesses.

4. Other primarily includes dividend of 214,015 million yen from MTFG’s domestic banking subsidiary and trust banking subsidiary.

 

8

---

5. Financial Results

Note:

The following financial results of the previous year disclosed adding up the results of Mitsubishi Tokyo Financial Group, Inc. and UFJ Holdings, Inc. The following financial results for nine months of this year disclosed adding up the results of the two companies (from April 1 to September 30 ) and Mitsubishi UFJ Financial Group, Inc (from October 1 to December 31).

 

								(in millions of yen)
		For the nine months ended December 31, 2005(A)			For the nine months ended December 31, 2004(B)			(A-B)
Gross profits		2,619,198			2,486,434			132,764
Net interest income		1,329,009			1,340,209			(11,200	)
Trust fees		84,263			94,862			(10,599	)
Credit costs for trust accounts (1)		(920	)		(6,344	)		5,424
Net fees and commissions		778,056			658,646			119,409
Net trading profits		84,613			158,053			(73,440	)
Net other business income		343,255			234,660			108,594
Net gains (losses) on debt securities		40,997			117,395			(76,398	)
General and administrative expenses		1,388,051			1,276,501			111,549
Net business profits before credit costs for trust accounts and provision for formula allowance for loan losses		1,232,067			1,216,277			15,790
Provision for formula allowance for loan losses (2) .		—			—			—
Net business profits*		1,231,147			1,209,932			21,215
Net non-recurring losses		(135,518	)		(1,383,124	)		1,247,606
Credit related costs (3)		(128,474	)		(1,131,266	)		1,002,792
Losses on loan charge-offs		(115,388	)		(499,104	)		383,715
Provision for specific allowance for loan losses		—			—			—
Other credit related costs		(13,085	)		(632,161	)		619,076
Net gains on equity securities		54,184			(152,758	)		206,942
Gains on sales of equity securities		87,740			194,627			(106,887	)
Losses on sales of equity securities		(21,885	)		(39,673	)		17,788
Losses on write down of equity securities		(11,670	)		(307,712	)		296,041
Other		(61,228	)		(99,099	)		37,871
Ordinary profit		1,095,629			(173,192	)		1,268,821
Net special gains		409,481			563,831			(154,350	)
Reversal of allowance for loan losses (4)		412,204			509,555			(97,350	)
Income before income taxes and others		1,505,110			390,639			1,114,470
Income taxes-current		96,210			70,563			25,646
Income taxes-deferred		325,148			376,314			(51,166	)
Minority interest		57,322			45,354			11,968
Net income		1,026,429			(101,592	)		1,128,021
Note:   *  Net business profits = The 3 Banks’ non-consolidated net business profits + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for formula allowance for loan losses - Inter-company transactions.
(Reference)
Total credit costs (1)+(2)+(3)+(4)		282,810			(628,056	)		910,866

 

9

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Financial Results (Combined * of 3 Banks, UFJSP, UFJEI and UFJTE)

 

								(in millions of yen)
		For the nine months ended December 31, 2005(A)			For the nine months ended December 31, 2004(B)			(A-B)
Gross profits		1,841,815			1,867,701			(25,886	)
Net interest income		1,068,810			1,127,177			(58,366	)
Trust fees		68,203			81,533			(13,330	)
Credit costs for trust accounts (1)		(920	)		(6,344	)		5,424
Net fees and commissions		396,112			343,832			52,280
Net trading profits		(19,206	)		88,626			(107,833	)
Net other business income		327,895			226,531			101,363
Net gains (losses) on debt securities		41,437			118,477			(77,040	)
General and administrative expenses		899,491			864,003			35,488
Net business profits before credit costs for trust accounts and provision for formula allowance for loan losses		943,243			1,010,042			(66,799	)
Provision for formula allowance for loan losses (2)		—			116,506			(116,506	)
Net business profits		942,323			1,120,204			(177,881	)
Net non-recurring losses		(89,439	)		(1,628,503	)		1,539,063
Credit related costs (3)		(95,355	)		(1,252,247	)		1,156,891
Losses on loan charge-offs		(93,719	)		(468,844	)		375,124
Provision for specific allowance for loan losses		—			(180,037	)		180,037
Other credit related costs		(1,635	)		(603,365	)		601,729
Losses on compensate the principal (4)		—			(3,028	)		3,028
Net gains (losses) on equity securities		124,940			(260,989	)		385,929
Gains on sales of equity securities		167,611			189,396			(21,784	)
Losses on sales of equity securities		(15,961	)		(36,797	)		20,836
Losses on write down of equity securities		(26,710	)		(413,587	)		386,877
Other		(119,024	)		(112,237	)		(6,786	)
Ordinary profit (loss)		852,883			(508,298	)		1,361,182
Net special gains		561,972			652,760			(90,787	)
Reversal of allowance for loan losses (5)		501,073			601,348			(100,274	)
Income before income taxes and others		1,414,855			144,461			1,270,394
Income taxes-current		30,551			19,002			11,548
Income taxes-deferred		365,989			368,102			(2,113	)
Net income (loss)		1,018,314			(242,644	)		1,260,958
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		404,798			(543,766	)		948,564

Note: “Combined” means an aggregate on a non-consolidated of 3 Banks, UFJ Strategic Partner, Co., Ltd. (“UFJSP”), UFJ Equity Investments, Co., Ltd. (“UFJEI”) and UFJ Trust Equity (“UFJTE”) after eliminating inter-company transactions.

 

10

---

Financial Results (The Bank of Tokyo-Mitsubishi, Ltd.)

 

								(in millions of yen)
		For the nine months ended December 31, 2005(A)			For the nine months ended December 31, 2004(B)			(A-B)
Gross profits		765,707			709,294			56,412
Net interest income		470,569			462,255			8,314
Net fees and commissions		153,761			134,495			19,266
Net trading profits		53,755			43,472			10,283
Net other business income		87,620			69,071			18,548
Net gains (losses) on debt securities		(9,202	)		30,317			(39,519	)
General and administrative expenses		375,602			355,309			20,293
Net business profits before provision for formula allowance for loan losses		390,104			353,984			36,119
Provision for formula allowance for loan losses (1)		—			137,634			(137,634	)
Net business profits		390,104			491,619			(101,515	)
Net non-recurring losses		(32,284	)		(210,666	)		178,382
Credit related costs (2)		(22,107	)		(193,036	)		170,929
Losses on loan charge-offs		(28,203	)		(23,985	)		(4,217	)
Provision for specific allowance for loan losses		—			(143,988	)		143,988
Other credit related costs		6,095			(25,061	)		31,157
Net gains (losses) on equity securities		17,989			6,597			11,391
Gains on sales of equity securities		34,971			44,398			(9,426	)
Losses on sales of equity securities		(4,747	)		(14,105	)		9,358
Losses on write down of equity securities		(12,235	)		(23,694	)		11,459
Other		(28,166	)		(24,227	)		(3,938	)
Ordinary profit		357,820			280,953			76,866
Net special gains		74,726			5,111			69,614
Reversal of allowance for loan losses (3)		22,179			—			22,179
Income before income taxes and others		432,546			286,065			146,481
Income taxes-current		12,294			7,186			5,107
Income taxes-deferred		164,253			106,053			58,200
Net income		255,999			172,825			83,173
(Reference)
Total credit costs (1)+(2)+(3)		72			(55,401	)		55,473

 

11

---

Financial Results (UFJ Bank, Ltd.)

 

								(in millions of yen)
		For the nine months ended December 31, 2005(A)			For the nine months ended December 31, 2004(B)			(A-B)
Gross profits		786,354			837,133			(50,779	)
Net interest income		489,191			511,175			(21,983	)
Net fees and commissions		145,997			133,150			12,846
Net trading profits		(67,480	)		39,071			(106,552	)
Net other business income		218,647			153,736			64,910
Net gains (losses) on debt securities		35,393			76,484			(41,090	)
General and administrative expenses		361,960			347,660			14,300
Net business profits before provision for formula allowance for loan losses		424,393			489,473			(65,079	)
Provision for formula allowance for loan losses (1)		—			—			—
Net business profits		424,393			489,473			(65,079	)
Net non-recurring losses		(51,563	)		(1,225,761	)		1,174,198
Credit related costs (2)		(48,506	)		(956,536	)		908,029
Losses on loan charge-offs		(46,798	)		(392,519	)		345,720
Provision for specific allowance for loan losses		—			—			—
Other credit related costs		(1,708	)		(564,017	)		562,308
Net gains (losses) on equity securities		79,381			(225,237	)		304,619
Gains on sales of equity securities		92,843			152,655			(59,812	)
Losses on sales of equity securities		(2,216	)		(3,678	)		1,462
Losses on write down of equity securities		(11,244	)		(374,214	)		362,969
Other		(82,438	)		(43,988	)		(38,450	)
Ordinary profit (loss)		372,830			(736,288	)		1,109,118
Net special gains		426,243			586,709			(160,466	)
Reversal of allowance for loan losses (3)		423,646			553,390			(129,744	)
Income (Loss) before income taxes		799,073			(149,578	)		948,652
Income taxes-current		3,007			910			2,097
Income taxes-deferred		132,781			178,568			(45,786	)
Net income (loss)		663,284			(329,057	)		992,341
(Reference)
Total credit costs (1)+(2)+(3)		375,139			(403,145	)		778,284

 

12

---

Financial Results (Combined * of UFJ Bank Ltd, UFJSP and UFJEI)

 

								(in millions of yen)
		For the nine months ended December 31, 2005(A)			For the nine months ended December 31, 2004(B)			(A-B)
Gross profits		753,983			840,006			(86,023	)
Net interest income		457,034			513,791			(56,757	)
Net fees and commissions		145,892			133,618			12,274
Net trading profits		(67,480	)		39,071			(106,552	)
Net other business income		218,537			153,524			65,012
Net gains (losses) on debt securities		35,393			76,484			(41,090	)
General and administrative expenses		363,248			349,685			13,562
Net business profits before provision for formula allowance for loan losses		390,734			490,320			(99,586	)
Provision for formula allowance for loan losses (1)		—			—			—
Net business profits		390,734			490,320			(99,586	)
Net non-recurring losses		(50,691	)		(1,297,464	)		1,246,773
Credit related costs (2)		(45,278	)		(968,007	)		922,729
Losses on loan charge-offs		(47,056	)		(402,933	)		355,877
Provision for specific allowance for loan losses		—			—			—
Other credit related costs		1,778			(565,073	)		566,851
Net gains (losses) on equity securities		79,998			(269,990	)		349,989
Gains on sales of equity securities		99,457			123,453			(23,995	)
Losses on sales of equity securities		(8,214	)		(19,229	)		11,015
Losses on write down of equity securities		(11,244	)		(374,214	)		362,969
Other		(85,412	)		(59,466	)		(25,945	)
Ordinary profit (loss)		340,043			(807,143	)		1,147,187
Net special gains		431,282			604,136			(172,853	)
Reversal of allowance for loan losses (3)		425,665			556,207			(130,541	)
Income (Loss) before income taxes		771,325			(203,007	)		974,333
Income taxes-current		19,302			916			18,385
Income taxes-deferred		116,833			178,009			(61,175	)
Net income (loss)		635,190			(381,933	)		1,017,123
(Reference)
Total credit costs (1)+(2)+(3)		380,387			(411,800	)		792,188

Note: “Combined” means an aggregate on a non-consolidated of UFJ Bank Ltd, UFJ Strategic Partner, Co., Ltd. (“UFJSP”) and UFJ Equity Investments, Co., Ltd. (“UFJEI”) after eliminating inter-company transactions.

 

13

---

Financial Results (The Mitsubishi UFJ Trust and Banking Corporation)

Note:

The following financial results of the previous year disclosed adding up the results of The Mitsubishi Trust and Banking Corporation and UFJ Trust Bank Limited.

The following financial results for nine months of this year disclosed adding up the results of the two companies (from April 1 to September 30) and Mitsubishi UFJ Trust and Banking Corporation (from October 1 to December 31).

 

								(in millions of yen)
		For the nine months ended December 31, 2005(A)			For the nine months ended December 31, 2004(B)			(A-B)
Gross profits		321,973			317,787			4,185
(Gross ordinary profit before trust accounts charge-offs)*		322,893			324,132			(1,239	)
Net interest income		141,046			150,503			(9,456	)
Trust fees		68,203			81,533			(13,330	)
Credit costs for trust accounts** (1)		(920	)		(6,344	)		5,424
Net fees and commissions		96,466			75,732			20,734
Net trading profits		(5,481	)		6,082			(11,563	)
Net other business income		21,737			3,935			17,802
Net gains on debt securities		15,245			11,675			3,569
General and administrative expenses		160,599			158,751			1,847
Net business profits before credit costs for trust accounts and provision for formula allowance for loan losses		162,294			165,380			(3,086	)
Provision for formula allowance for loan losses (2)		—			(21,128	)		21,128
Net business profits		161,374			137,907			23,466
Net non-recurring losses		(7,590	)		(119,501	)		111,911
Credit related costs (3)		(27,970	)		(91,203	)		63,233
Losses on loan charge-offs		(18,460	)		(41,924	)		23,463
Provision for specific allowance for loan losses		—			(36,048	)		36,048
Other credit related costs		(9,509	)		(13,230	)		3,720
Losses on compensate the principal (4)		—			(3,028	)		3,028
Net gains on equity securities		25,612			2,647			22,965
Gains on sales of equity securities		30,544			20,506			10,037
Losses on sales of equity securities		(1,701	)		(2,180	)		479
Losses on write down of equity securities		(3,230	)		(15,678	)		12,447
Other		(5,232	)		(27,916	)		22,683
Ordinary profit		153,783			18,406			135,377
Net special gains		55,967			43,512			12,455
Reversal of allowance for loan losses (5)		53,227			45,140			8,086
Income before income taxes and others		209,751			61,918			147,833
Income taxes-current		(2,807	)		10,898			(13,706	)
Income taxes-deferred		86,664			84,040			2,623
Net income		125,894			(33,020	)		158,915
Note: *       Amounts before credit costs for loans in trusts with contracts for compensating the principal **     Credit costs for loans in trusts with contracts for compensating the principal
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		24,337			(76,564	)		100,902

 

14

---

Financial Results (Combined for The Mitsubishi UFJ Trust and Banking Corporation, and UFJ Trust Equity)

Note:

The following financial results of the previous year disclosed adding up the results of The Mitsubishi Trust and Banking Corporation, UFJ Trust Bank Limited and UFJ Trust Equity.

The following financial results for nine months of this year disclosed adding up the results of the two companies (from April 1 to September 30), Mitsubishi UFJ Trust and Banking Corporation (from October 1 to December 31) and UFJ Trust Equity (from April 1 to December 31).

 

								(in millions of yen)
		For the nine months ended December 31, 2005(A)			For the nine months ended December 31, 2004(B)			(A-B)
Gross profits		322,124			318,400			3,724
(Gross ordinary profit before trust accounts charge-offs)*		323,044			324,745			(1,700	)
Net interest income		141,206			151,130			(9,923	)
Trust fees		68,203			81,533			(13,330	)
Credit costs for trust accounts** (1)		(920	)		(6,344	)		5,424
Net fees and commissions		96,458			75,717			20,740
Net trading profits		(5,481	)		6,082			(11,563	)
Net other business income		21,737			3,935			17,802
Net gains on debt securities		15,245			11,675			3,569
General and administrative expenses		160,640			159,008			1,632
Net business profits before credit costs for trust accounts and provision for formula allowance for loan losses		162,404			165,737			(3,332	)
Provision for formula allowance for loan losses (2)		—			(21,128	)		21,128
Net business profits		161,484			138,263			23,220
Net non-recurring losses		(6,464	)		(120,371	)		113,907
Credit related costs (3)		(27,970	)		(91,203	)		63,233
Losses on loan charge-offs		(18,460	)		(41,924	)		23,463
Provision for specific allowance for loan losses		—			(36,048	)		36,048
Other credit related costs		(9,509	)		(13,230	)		3,720
Losses on compensate the principal (4)		—			(3,028	)		3,028
Net gains on equity securities		26,952			2,404			24,547
Gains on sales of equity securities		33,182			21,544			11,638
Losses on sales of equity securities		(3,000	)		(3,461	)		461
Losses on write down of equity securities		(3,230	)		(15,678	)		12,447
Other		(5,446	)		(28,543	)		23,097
Ordinary profit		155,019			17,891			137,128
Net special gains		55,963			43,512			12,451
Reversal of allowance for loan losses (5)		53,227			45,140			8,086
Income before income taxes and others		210,983			61,403			149,579
Income taxes-current		(1,044	)		10,899			(11,944	)
Income taxes-deferred		84,902			84,040			862
Net income		127,125			(33,535	)		160,661
Note: *       Amounts before credit costs for loans in trusts with contracts for compensating the principal **     Credit costs for loans in trusts with contracts for compensating the principal
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		24,337			(76,564	)		100,902

 

15

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6. Disclosed Claims under the Financial Reconstruction Law

Combined of 3 Banks [Banking and Trust accounts], UFJSP, UFJEI and UFJTE.

Note:

The following disclosed claims of the previous year disclosed adding up the results of The Bank of Tokyo-Mitsubishi Ltd, UFJ Bank Ltd, The Mitsubishi Trust and Banking Corporation, UFJ Trust Bank Ltd, UFJSP, UFJEI and UFJTE.

“Combined” means an aggregate on a non-consolidated of The Bank of Tokyo-Mitsubishi, Ltd, UFJ Bank, The Mitsubishi UFJ Trust and Banking Corporation, UFJ Strategic Partner, Co., Ltd. (“UFJSP”), UFJ Equity Investments, Co., Ltd. (“UFJEI”) and UFJ Trust Equity (“UFJTE”) after eliminating inter-company transactions.

 

								(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Claims to bankrupt and substantially bankrupt debtors		176,202			408,073			279,156
Claims under high risk		1,141,555			3,043,593			1,407,278
Claims under close observation		905,845			833,007			1,321,624
Total (A)		2,223,603			4,284,674			3,008,059
Total claims (B)		92,144,533			91,178,854			90,285,741
Non-performing claims ratio (A) / (B)		2.41	%		4.69	%		3.33	%

 

The Bank of Tokyo-Mitsubishi, Ltd. [Banking accounts: Non-Consolidated]								(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Claims to bankrupt and substantially bankrupt debtors		48,157			68,589			70,868
Claims under high risk		428,734			695,164			584,335
Claims under close observation		298,939			242,297			339,582
Total (A)		775,831			1,006,051			994,787
Total claims (B)		41,701,765			38,767,098			39,653,482
Non-performing claims ratio (A) / (B)		1.86	%		2.59	%		2.50	%

 

Combined of UFJ Bank Ltd [Banking accounts: Non-Consolidated], UFJSP and UFJEI.								(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Claims to bankrupt and substantially bankrupt debtors		98,345			222,405			158,644
Claims under high risk		568,025			2,163,538			656,353
Claims under close observation		473,918			461,868			807,230
Total (A)		1,140,289			2,847,811			1,622,227
Total claims (B)		38,943,066			39,751,812			38,548,798
Non-performing claims ratio (A) / (B)		2.92	%		7.16	%		4.20	%

 

16

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The Mitsubishi UFJ Trust and Banking Corporation [Banking accounts: Non-Consolidated].

Note:

The following disclosed claims of the previous year disclosed adding up the results of The Mitsubishi Trust and Banking Corporation, UFJ Trust Bank Ltd.

 

								(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Claims to bankrupt and substantially bankrupt debtors		29,553			106,759			44,000
Claims under high risk		144,465			174,670			161,043
Claims under close observation		132,020			97,297			142,253
Total (A)		306,039			378,727			347,296
Total claims (B)		11,287,796			11,553,688			11,050,987
Non-performing claims ratio (A) / (B)		2.71	%		3.27	%		3.14	%

The Mitsubishi UFJ Trust and Banking Corporation [Trust accounts].

Note:

The following disclosed claims of the previous year disclosed adding up the results of The Mitsubishi Trust and Banking Corporation, and UFJ Trust Bank Ltd.

 

								(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Claims to bankrupt and substantially bankrupt debtors		145			10,319			5,643
Claims under high risk		330			10,221			5,546
Claims under close observation		966			31,543			32,558
Total (A)		1,442			52,084			43,748
Total claims (B)		211,905			1,106,256			1,032,473
Non-performing claims ratio (A) / (B)		0.68	%		4.70	%		4.23	%

The Mitsubishi UFJ Trust and Banking Corporation [Banking (Non-consolidated) and Trust accounts].

Note:

The following disclosed claims of the previous year disclosed adding up the results of The Mitsubishi Trust and Banking Corporation, and UFJ Trust Bank Ltd.

 

								(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Claims to bankrupt and substantially bankrupt debtors		29,699			117,078			49,643
Claims under high risk		144,795			184,891			166,589
Claims under close observation		132,987			128,841			174,811
Total (A)		307,482			430,812			391,044
Total claims (B)		11,499,702			12,659,944			12,083,461
Non-performing claims ratio (A) / (B)		2.67	%		3.40	%		3.23	%

Note:

The above figures are classified by the claims category under the Financial Reconstruction Law No.4.

The results of the self-assessment are reflected except for a part of assets.

 

17

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7. Risk-Adjusted Capital Ratio Based on the Standards of the BIS

Note:

The following Risk-Adjusted Capital Ratio of the previous year disclosed of Mitsubishi Tokyo Financial Group, Inc.’s results.

[Consolidated]

 

		(in billions of yen except percentages)
		As of December 31, 2005 (Preliminary basis)			As of March 31, 2005 (Reference)
(1) Risk-adjusted capital ratio		11.51	%		11.76	%
Risk-adjusted Tier1 capital ratio		5.99	%		7.61	%
(2) Tier 1 capital		6,512.0			4,286.7
(3) Tier 2 capital includable as qualifying capital		6,309.2			3,250.9
i) The amount of unrealized gains on investment securities, includable as qualifying capital		1,249.2			449.4
ii) The amount of land revaluation excess includable as qualifying capital		162.0			127.4
iii) Subordinated debt		3,821.8			2,238.7
(4) Tier 3 capital includable as qualifying capital		—			—
(5) Deductions from total qualifying capital		304.0			915.0
(6) Total qualifying capital (2)+(3)+(4)-(5)		12,517.2			6,622.6
(7) Risk-adjusted assets		108,702.6			56,270.5

8. Return on Equity

Note:

The following Return on Equity of the previous year disclosed of Mitshibishi Tokyo Financial Group, Inc.’s results.

[Consolidated]

 

		(%)
		For the nine months ended December 31, 2005		For the year ended March 31, 2005 (Reference)
ROE *		18.88		9.50

Note: * ROE is computed as follows:

Net income for the nine months disclosed adding up the results of Mitsubishi Tokyo Financial Group, Inc (from April 1 to September 30) and Mitsubishi UFJ Financial Group, Inc (from October 1 to December 31).

 

[For the nine months ended December 31, 2005]
{(Net income for the nine months × 4 ÷ 3) – Equivalent dividends on preferred stocks}		×100
{(Shareholders’ equity at beginning of period - Number of preferred stocks at beginning of period × Issue price - Land revaluation excess at beginning of period - Unrealized gains on securities available for sale at beginning of period) + (Shareholders’ equity at nine months ended - Number of preferred stocks at nine months ended × Issue price - Land revaluation excess at nine months ended - Unrealized gains on securities available for sale at nine months ended)} / 2
[For the year ended March 31, 2005]
(Net income - Dividends on preferred stocks)		×100
{(Shareholders’ equity at beginning of period - Number of preferred stocks at beginning of period × Issue price - Land revaluation excess at beginning of period - Unrealized gains on securities available for sale at beginning of period) + (Shareholders’ equity at end of period - Number of preferred stocks at end of period × Issue price - Land revaluation excess at end of period - Unrealized gains on securities available for sale at end of period)} / 2

 

18

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9. Investment Securities [Consolidated]

I. As of December 31, 2005

Following tables include:

Investment securities

Trading securities, trading commercial paper and trading short-term corporate bonds in “Trading assets”

(1) Trading securities

 

		(in millions of yen)
As of December 31, 2005
Balance sheet amount		Valuation profits recognized on statement of operations
8,672,086		8,351

(2) Marketable debt securities being held to maturity

 

		(in millions of yen)
		As of December 31, 2005
		Balance sheet amount		Market Value		Differences		Gains		Losses
Domestic bonds		2,179,694		2,188,239		8,545		10,340		1,795
Government bonds		2,054,323		2,059,162		4,839		6,630		1,791
Municipal bonds		87,436		90,061		2,625		2,625		—
Corporate bonds		37,935		39,015		1,080		1,084		3
Foreign bonds		70,279		71,502		1,223		1,898		675

Note:

“Other” is not listed.

(3) Marketable securities available for sale

 

		(in millions of yen)
		As of December 31, 2005
		Cost		Balance sheet amount		Valuation differences			Gains		Losses
Domestic equity securities		4,425,936		6,923,983		2,498,046			2,505,418		7,372
Domestic bonds		26,994,236		26,955,753		(38,482	)		23,345		61,828
Government bonds		24,785,285		24,742,820		(42,464	)		15,120		57,585
Municipal bonds		249,609		252,074		2,465			2,766		300
Corporate bonds		1,959,341		1,960,857		1,516			5,459		3,943
Foreign bonds		8,213,868		8,174,324		(39,543	)		30,201		69,745

Note:

“Foreign equity securities” and “Other” are not listed.

II. As of December 31, 2004

Following tables include:

Investment securities

Trading securities, trading commercial paper and short-term corporate bonds in “Trading assets”

Following results disclosed Mitsubishi Tokyo Financial Group, Inc.’s results.

(1) Trading securities

 

		(in millions of yen)
As of December 31, 2004
Balance sheet amount		Valuation profits recognized on statement of operations
7,086,171		18,421

 

19

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(2) Marketable debt securities being held to maturity

 

		(in millions of yen)
		As of December 31, 2004
		Balance sheet amount		Market Value		Differences		Gains		Losses
Domestic bonds		1,926,128		1,943,095		16,967		16,967		—
Government bonds		1,788,706		1,800,115		11,408		11,408		—
Municipal bonds		95,353		99,160		3,807		3,807		—
Corporate bonds		42,068		43,819		1,750		1,750		—
Foreign bonds		59,669		61,319		1,649		1,784		135

Note:

“Other” is not listed.

(3) Marketable securities available for sale

 

		(in millions of yen)
		As of December 31, 2004
		Cost		Balance sheet amount		Valuation differences		Gains		Losses
Domestic equity securities		2,486,299		3,220,006		733,706		813,923		80,216
Domestic bonds		20,769,332		20,809,203		39,870		56,402		16,532
Government bonds		18,811,752		18,841,901		30,148		45,550		15,401
Municipal bonds		181,493		182,755		1,262		1,939		677
Corporate bonds		1,776,087		1,784,546		8,459		8,912		453
Foreign bonds		6,107,311		6,129,444		22,133		52,020		29,887

Note:

“Foreign equity securities” and “Other” are not listed.

(Reference) As of March 31, 2005

Following tables include:

Investment securities

Trading securities, trading commercial paper and short-term corporate bonds in “Trading assets”

Negotiable certificates of deposits in “Cash and due from banks”

Beneficiary certificates of commodity investment trusts in “Commercial Paper and other debt purchased”.

Following results disclosed Mitsubishi Tokyo Financial Group, Inc.’s results.

(1) Trading securities

 

		(in millions of yen)
As of March 31, 2005
Balance sheet amount		Valuation profits recognized on statement of operations
6,698,934		15,850

 

20

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(2) Marketable debt securities being held to maturity

 

		(in millions of yen)
		As of March 31, 2005
		Balance sheet amount		Market Value		Differences		Gains		Losses
Domestic bonds		2,129,512		2,151,597		22,084		22,084		—
Government bonds		1,998,988		2,015,408		16,419		16,419		—
Municipal bonds		91,063		95,070		4,006		4,006		—
Corporate bonds		39,460		41,119		1,658		1,658		—
Foreign bonds		45,276		46,757		1,480		1,652		171
Other		236,233		236,233		—		—		—
Total		2,411,022		2,434,588		23,565		23,737		171

(3) Marketable securities available for sale

 

		(in millions of yen)
		As of March 31, 2005
		Cost		Balance sheet amount		Valuation differences		Gains		Losses
Domestic equity securities		2,433,742		3,327,798		894,056		961,169		67,113
Domestic bonds		14,992,366		15,046,461		54,095		60,823		6,728
Government bonds		13,031,392		13,073,529		42,136		48,616		6,479
Municipal bonds		138,727		140,290		1,563		1,647		83
Corporate bonds		1,822,246		1,832,641		10,394		10,560		165
Foreign equity securities		32,449		47,879		15,430		15,842		411
Foreign bonds		5,203,857		5,207,276		3,418		45,567		42,149
Other		2,362,890		2,381,839		18,948		35,891		16,942
Total		25,025,305		26,011,255		985,949		1,119,294		133,345

10. Deferred gains (losses) with derivatives [Consolidated]

Note:

Following results of previous year disclosed Mitsubishi Tokyo Financial Group, Inc.’s results.

 

		(in billions of yen)
		As of December 31, 2005
		Deferred gains (A)		Deferred losses (B)		Net gains (losses) (A) - (B)
Interest rate futures		5.7		9.4		(3.7	)
Interest rate swaps		230.9		255.8		(24.9	)
Currency swaps		49.1		52.5		(3.3	)
Other interest rate-related transactions		1.0		0.9		0.1
Others		1.0		2.8		(1.8	)
Total		287.8		321.6		(33.7	)

Notes:

1. Deferred gains (losses) which are accounted for on accrual basis based on “Accounting standard for financial instruments” are not included in the above table.

2. Deferred gains (losses) attributable to the macro hedge accounting are included in the above table.

 

21

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		(in billions of yen)
		As of December 31, 2004
		Deferred gains (A)		Deferred losses (B)		Net gains (losses) (A) - (B)
Interest rate futures		8.8		10.3		(1.5	)
Interest rate swaps		234.1		210.2		23.9
Currency swaps		36.5		65.0		(28.4	)
Other interest rate-related transactions		0.2		0.4		(0.1	)
Others		1.7		1.7		(0.0	)
Total		281.5		287.7		(6.2	)

Notes:

1. Deferred gains (losses) which are accounted for on accrual basis based on “Accounting standard for financial instruments” are not included in the above table.

2. Deferred gains (losses) attributable to the macro hedge accounting are included in the above table.

(Reference)

 

		(in billions of yen)
		As of March 31, 2005
		Deferred gains (A)		Deferred losses (B)		Net gains (losses) (A) - (B)
Interest rate futures		6.9		9.3		(2.4	)
Interest rate swaps		224.3		215.2		9.0
Currency swaps		24.3		26.6		(2.2	)
Other interest rate-related transactions		0.3		0.4		(0.0	)
Others		1.1		1.1		0.0
Total		257.1		252.8		4.3

Notes:

1. Deferred gains (losses) which are accounted for on accrual basis based on “Accounting standard for financial instruments” are not included in the above table.

2. Deferred gains (losses) attributable to the macro hedge accounting are included in the above table.

Notes:

“Total of the 3 Banks” stands for the aggregated non-consolidated figures of The Bank of Tokyo-Mitsubishi Ltd., UFJ Bank Ltd., and The Mitsubishi UFJ Trust and Banking Corporation.

The following results of the previous year disclosed adding up the results of The Bank of Tokyo-Mitsubishi Ltd., UFJ Bank Ltd., The Mitsubishi Trust and Banking Corporation and UFJ Trust Bank Ltd.

The trust accounts of the previous year disclosed adding up the results of The Mitsubishi Trust and Banking Corporation and UFJ Trust Bank Ltd.

11-1. Loans and Deposits [Total of the 3 Banks]

 

		(in millions of yen)
		As of December 31, 2005		As of December 31, 2004		As of March 31, 2005 (Reference)
Deposits (ending balance)		112,367,551		111,223,721		113,061,808
Deposits (average balance)		112,635,542		111,467,828		111,469,177
Loans (ending balance)		81,541,217		80,733,463		79,600,678
Loans (average balance)		80,388,736		82,454,784		82,127,973

 

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12-1. Domestic Deposits [Total of the 3 Banks]

 

		(in millions of yen)
		As of December 31, 2005		As of December 31, 2004		As of March 31, 2005 (Reference)
Individuals		61,250,435		60,631,362		59,807,607
Corporations and others		40,548,415		39,602,090		42,460,887
Domestic deposits		101,798,850		100,233,452		102,268,494

Note: Amounts do not include negotiable certificates of deposit, deposits of overseas offices and JOM accounts.

13-1. Domestic consumer loans

[Total of the 3 Banks]

 

		(in millions of yen)
		As of December 31, 2005		As of December 31, 2004		As of March 31, 2005 (Reference)
Total domestic consumer loans		19,918,956		19,065,714		19,132,553
Housing loans		18,560,979		17,534,387		17,640,727
Others		1,357,976		1,531,327		1,491,825

The Mitsubishi UFJ Trust and Banking Corporation [Trust accounts]

 

		(in millions of yen)
		As of December 31, 2005		As of December 31, 2004		As of March 31, 2005 (Reference)
Total domestic consumer loans		102,389		587,909		567,015
Housing loans		100,756		581,949		561,494
Others		1,633		5,959		5,521

14-1. Domestic loans to small and medium-sized companies

[Total of the 3 Banks]

 

		(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Domestic loans to small and medium-sized companies		44,765,584			44,932,234			44,727,394
Percentage to total domestic loans		60.81	%		60.57	%		61.24	%

The Mitsubishi UFJ Trust and Banking Corporation [Trust accounts]

 

		(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Domestic loans to small and medium-sized companies		278,821			951,080			900,559
Percentage to total domestic loans		74.44	%		73.52	%		74.91	%

Notes:

“3 Banks” stands for the aggregated non-consolidated figures of The Bank of Tokyo-Mitsubishi Ltd., UFJ Bank Ltd. and The Mitsubishi UFJ Trust and Banking Corporation.

The following results of the previous year disclosed adding up the results of The Bank of Tokyo-Mitsubishi Ltd., UFJ Bank Ltd., The Mitsubishi Trust and Banking Corporation, UFJ Trust Bank Ltd., UFJSP and UFJEI)

The trust accounts of the previous year disclosed adding up the results of The Mitsubishi Trust and Banking Corporation and UFJ Trust Bank Ltd.

 

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11-2. Loans and Deposits [Combined of 3 Banks, UFJSP and UFJEI]

 

		(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Deposits (ending balance)		112,367,551			111,223,721			113,061,808
Deposits (average balance)		112,635,542			111,467,828			111,469,177
Loans (ending balance)		81,550,157			80,780,932			79,622,038
Loans (average balance)		80,403,966			82,524,056			82,190,186
12-2. Domestic Deposits [Combined of 3 Banks, UFJSP and UFJEI]
		(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Individuals		61,250,435			60,631,362			59,807,607
Corporations and others		40,548,415			39,602,090			42,460,887
Domestic deposits		101,798,850			100,233,452			102,268,494
Note: Amounts do not include negotiable certificates of deposit, deposits of overseas offices and JOM accounts.   13-2. Domestic consumer loans   [Combined of 3 Banks, UFJSP and UFJEI]
		(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Total domestic consumer loans		19,920,058			19,068,171			19,133,692
Housing loans		18,560,979			17,534,955			17,640,727
Others		1,359,079			1,533,216			1,492,964
The Mitsubishi UFJ Trust and Banking Corporation [Trust accounts]
		(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Total domestic consumer loans		102,389			587,909			567,015
Housing loans		100,756			581,949			561,494
Others		1,633			5,959			5,521
14-2. Domestic loans to small and medium-sized companies   [Combined of 3 Banks, UFJSP and UFJEI]
		(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Domestic loans to small and medium-sized companies		44,774,237			44,978,019			44,748,024
Percentage to total domestic loans		60.82	%		60.59	%		61.25	%
The Mitsubishi UFJ Trust and Banking Corporation [Trust accounts]
		(in millions of yen)
		As of December 31, 2005			As of December 31, 2004			As of March 31, 2005 (Reference)
Domestic loans to small and medium-sized companies		278,821			951,080			900,559
Percentage to total domestic loans		74.44	%		73.52	%		74.91	%

 

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15. Number of Offices [Total of the 3 Banks]

 

		As of December 31, 2005		As of December 31, 2004		As of March 31, 2005 (Reference)
Domestic		876		801		811
Head office and Branches		740		690		692
Sub-branches and Agencies		136		111		119
Overseas		107		107		106
Branches		65		65		65
Sub-branches		20		20		20
Representative offices		22		22		21
Total		983		908		917

In UFJ Bank, the offices whose main activity is exchange of money have not been included in the number of domestic branches. The offices have begun to be included from the number of the end of Dec. 2005. This causes the increase of the number of domestic branches by 47 compared to previous term end.

16. Status of Deferred Tax Assets

Tax Effects of the Items Comprising Net Deferred Tax Assets

[Total of the 3 Banks]

 

					(in billions of yen)
		December 31, 2005			vs. Mar. 31, 2005
Deferred tax assets		1,818.6			(402.9	)
Allowance for loan losses		754.6			(300.4	)
Write down of investment securities		402.3			(105.1	)
Net operating loss carryforwards		1,327.1			(153.5	)
Reserve for employees’ retirement benefits		83.7			12.9
Unrealized losses on securities available for sale		—			—
Other		304.7			2.5
Valuation allowance		1,054.0			(140.7	)
Deferred tax liabilities		1,285.7			676.7
Gains on placing trust for retirement benefits		49.0			(0.8	)
Unrealized gains on securities available for sale		1,179.3			659.1
Other		57.4			18.5
Net deferred tax assets		532.8			(1,079.6	)
[Consolidated]
Net deferred tax assets		569.5			(952.4	)
Percent of Tier1 Capital		8.7	%		(17.0	)%

 

25

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17. Earning Projections for the Fiscal Year Ending March 31, 2006

[Consolidated]

 

 

26

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[Non-consolidated]

 

 

27

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[Non-Consolidated and subsidiary ]

 

		(in billions of yen)
		For the year ending March 31, 2006 *		Previous earning projections **		For the year ended March 31, 2005 ***
Net business profits before credit costs for trust accounts and provision for formula allowance for loan losses		230.0		230.0		272.6
Ordinary profit		215.0		180.0		113.7
Net income		140.0		110.0		31.1

 

*

The aggregate amount of The Mitsubishi Trust and Banking Corporation’s operating results, UFJ Trust Bank Limited’s operating results (from April to September for the fiscal year ending March 31, 2006), Mitsubishi UFJ Trust and Banking Corporation’s operating results (from October to December for the fiscal year ending March 31, 2006) and Mitsubishi UFJ Trust and Banking Corporation’s projected earnings (from January to March for the fiscal year ending March 31, 2006).

**	Earning projections made public on November 24, 2005.

***	The aggregate amount of The Mitsubishi Trust and Banking Corporation’s operating results and UFJ Trust Bank Limited’s operating results.

[Reference]

18. Status of Acquired Assets and Liabilities relating to Merger

When merged on January 1, Bank of Tokyo-Mitsubishi Ltd. Acquired assets and liabilities from UFJ Bank Limited with following accounting treatment.

 

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Investment securities are acquired based on fair value etc. after unrealized losses are dissolved.

 

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Premises and equipment and Reserve for employees’ retirement benefits are acquired based on fair value etc. after unrealized losses are dissolved.

 

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Capital stock is acquired as Capital surplus reserve based on Merger Agreement.

 

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Banking Corporation

 

		(in billions of yen)
		UFJ Bank Limited									Bank of Tokyo- Mitsubishi Ltd.			Bank of Tokyo- Mitsubishi UFJ Ltd.
		As of December 31, 2005			Merger accounting			Acquired amount
Assets		66,850			(383	)		66,467			88,122			154,590
Money held in trust		11			(0	)		11			290			302
Investment securities		18,643			(178	)		18,465			26,687			45,152
Allowance for losses on investment securities		(131	)		23			(107	)		(1	)		(109	)
Premises and equipment		492			(92	)		399			661			1,061
Other assets		1,360			(98	)		1,261			1,901			3,163
Deferred tax assets		669			(36	)		632			—			632
Liabilities		64,205						64,205			84,604			148,810
Shareholders’ equity		2,645			(383	)		2,261			3,518			5,780
Capital stock		1,258			(1,258	)		—			996			996
Capital surplus reserve		268			1,243			1,512			806			2,319
Retained earnings		661						661			548			1,210
Earned surplus reserve		—						—			190			190
Voluntary reserves		—						—			720			720
Unappropriated profits		661						661			(362	)		299
Land revaluation excess		88						88			156			245
Unrealized gains on securities available for sale		368			(368	)		—			1,008			1,008

 

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