Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

For the six months
ended
September 30, 2009
(A)

Increase
(Decrease)
(A) - (B)

For the six months
ended
September 30, 2008
(B)

Form 6-K

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 November, 2009

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

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: November 18, 2009


Mitsubishi UFJ Financial Group, Inc.

By:		/S/ Manabu Ishii
Name:		Manabu Ishii
Title:		Chief Manager, General Affairs
		Corporate Administration Division



		November 18, 2009

Consolidated Summary Report <under Japanese GAAP> for the six months ended September 30, 2009


Company name:	Mitsubishi UFJ Financial Group, Inc.	Stock exchange listings: Tokyo, Osaka, Nagoya, New York
Code number:	8306	URL http://www.mufg.jp/
Representative:	Nobuo Kuroyanagi, President & CEO
For inquiry:	Muneaki Tokunari, Executive Officer, General Manager—Financial Planning Division
	TEL (03) 3240-7200
Quarterly securities report issuing date:	November 30, 2009	Trading accounts:	Established
Dividend payment date:	December 9, 2009

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

1. Consolidated Financial Data for the Six Months ended September 30, 2009


(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income			Ordinary Profits			Net Income
	million yen	%		million yen	%		million yen	%
Six months ended
September 30, 2009	2,618,434	(10.5	)	233,047	23.9		140,948	53.2
September 30, 2008	2,925,113	(10.0	)	188,117	(62.2	)	92,023	(64.2	)


	Net Income per Common Stock	Diluted Net Income per Common Stock
	yen	yen
Six months ended
September 30, 2009	11.08	11.08
September 30, 2008	8.46	8.42

(2) Financial Conditions


	Total Assets	Total Net Assets	Net Assets Attributable to MUFG Shareholders to Total Assets^(*1)	Total Net Assets per Common Stock	Risk-adjusted Capital Ratio^(*2)
	million yen	million yen	%	yen	%
As of
September 30, 2009	202,802,103	9,945,632	3.9	621.44	13.29
March 31, 2009	198,733,906	8,570,641	3.4	528.67	11.77

(Reference) Shareholders’ equity as of September 30, 2009: 7,885,626 million yen; March 31, 2009: 6,803,617 million yen

(*1)	“Net assets attributable to MUFG shareholders to total assets” is computed under the formula shown below

(Total net assets – Subscription rights to shares – Minority interests) / Total assets

(*2)	“Risk-adjusted Capital Ratio” is computed in accordance with the “Standards for Consolidated Capital Adequacy Ratio of Bank Holding Company under Article 52-25 of the Banking Law” (the Notification of the Financial Services Agency No. 20, 2006).

Risk-adjusted capital ratio as of September 30, 2009 shown above is a preliminary figure.

2. Dividends on Common Stock


	Dividends per Share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
	yen	yen	yen	yen	yen
Fiscal year
ended March 31, 2009	—	7.00	—	5.00	12.00
ending March 31, 2010	—	6.00
ending March 31, 2010 (Forecast)			—	6.00	12.00

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

(*2)	Please refer to “Dividends on Preferred Stocks” on page 3 for information with regard to the dividends on stocks other than common stock.

3. Earnings Forecasts for the Fiscal Year ending March 31, 2010 (Consolidated)

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

MUFG has the target of 300.0 billion yen of consolidated net income for the fiscal year ending March 31, 2010.

(There are no changes to our earnings targets released on May 19, 2009.)

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 consolidated net income instead of a forecast of its performance.

Mitsubishi UFJ Financial Group, Inc.

4. Other

(1)	Changes in scope of consolidation involving “Specified Subsidiaries” (Tokutei Kogaisha) during the period

Newly consolidated: 2 Companies (MUFG Capital Finance 9 Limited, BTMU Preferred Capital 9 Limited)

(*)

Please refer to 4. Other of “Qualitative Information and Financial Statements” on page 6.

(2)	Changes in accounting policies, procedures and presentation rules applied in the preparation of the interim consolidated financial statements

(A)

Changes due to revision of accounting standards: None

(B)

Changes due to other reasons: None

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

(A) Total stocks outstanding including treasury stocks:

Sep. 30, 2009

11,648,360,720

Mar. 31, 2009

11,648,360,720

(B) Treasury stocks:

Sep. 30, 2009

8,251,395

Mar. 31, 2009

9,161,592

Six months ended Sep. 30, 2009

11,639,665,653

Six months ended Sep. 30, 2008

10,437,400,501

(Reference) Non-consolidated financial data

1.	Non-consolidated Financial Data for the Six Months ended September 30, 2009

(1)	Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Operating Income			Operating Profits			Ordinary Profits			Net Income
	million yen	%		million yen	%		million yen	%		million yen		%
Six months ended
September 30, 2009	143,203	(42.2	)	134,571	(43.9	)	116,839	(49.5	)	(14,207	)	—
September 30, 2008	247,861	25.7		239,882	25.7		231,407	26.5		291,103		176.1


	Net Income per Common Stock
	yen
Six months ended
September 30, 2009	(2.25	)
September 30, 2008	27.39

(2)	Financial Conditions


	Total Assets	Total Net Assets	Net Assets Ratio	Total Net Assets per Common Stock
	million yen	million yen	%	yen
As of
September 30, 2009	10,107,154	7,650,642	75.6	600.36
March 31, 2009	9,829,278	7,717,307	78.5	606.40

(Reference) Shareholders’ equity as of September 30, 2009: 7,645,213 million yen; March 31, 2009: 7,712,656 million yen

*Notes for using forecasted information etc.

MUFG falls under the category of “Specified Business Corporation” (Tokutei Jigyo Gaisha) under Article 17-15-2 of the Cabinet Office Ordinance Concerning Disclosure of Public Companies and accordingly, prepares its interim consolidated financial statements and interim non-consolidated financial statements for the six months ended September 30, 2009.

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 effect the current forecasts, please see Consolidated Summary Report, Annual Securities Report, Disclosure Book, Annual Report, and other current disclosures that the company has announced.

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

Mitsubishi UFJ Financial Group, Inc.

(Dividends on preferred stocks)

Dividends per share relating to preferred stocks are as follows:


	Dividends per Share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
	yen	yen	yen	yen	yen
Preferred Stock First Series of Class 3
Fiscal year ended March 31, 2009	—	30.00	—	30.00	60.00
Fiscal year ending March 31, 2010	—	30.00
Fiscal year ending March 31, 2010 (Forecast)			—	30.00	60.00

	Dividends per Share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
	yen	yen	yen	yen	yen
Preferred Stock First Series of Class 5
Fiscal year ended March 31, 2009			—	43.00	43.00
Fiscal year ending March 31, 2010	—	57.50
Fiscal year ending March 31, 2010 (Forecast)			—	57.50	115.00

(Note) MUFG issued Preferred Stock First Series of Class 5 in November 2008.

	Dividends per Share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
	yen	yen	yen	yen	yen
Preferred Stock Class 11
Fiscal year ended March 31, 2009	—	2.65	—	2.65	5.30
Fiscal year ending March 31, 2010	—	2.65
Fiscal year ending March 31, 2010 (Forecast)			—	2.65	5.30

	Dividends per Share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
	yen	yen	yen	yen	yen
Preferred Stock Class 12
Fiscal year ended March 31, 2009	—	5.75	—		5.75

(Note) MUFG repurchased Preferred Stock Class 12 until February 2009 due to requests for repurchase and cancelled until February 2009.

Mitsubishi UFJ Financial Group, Inc.

Qualitative Information and Financial Statements

1. Qualitative information related to the results of operations

With respect to the economic and financial environment for the April-September period of fiscal 2009, the US and European economies have turned to positive growth and continued to improve further due to financial and monetary packages addressing the global financial crisis. Asian economies followed recovery path prior to the Western economies supported by stimulus package effects. As for the Japanese economy, exports and production continued to recover due to improvement in overseas economies, largest-ever stimulus packages and progress in inventory adjustment. Private consumption was also pushed up by economic measure effects. Business fixed investment, however, declined as economic activity remained at an extremely low level and poor corporate performance continued. The employment and income situation also followed a worsening trend.

In the financial environment, the policy rate remained virtually zero in the United States as non-performing loans continued to increase rapidly. In the Euro zone, the European Central Bank cut its key interest rate to 1.0 percent. Japan’s short-term interest rates moderately declined, in response to the Bank of Japan’s continued monetary easing policy such as the ultra-low interest rate policy, purchase of CP and corporate bonds, and the special funds-supplying operations to facilitate corporate financing. Long-term interest rates followed a downward trend, after rising toward the beginning of June amid concerns over the worsening of fiscal conditions due to large-scale economic stimulus measures in Japan and abroad. In the foreign exchange market, the yen-dollar exchange rates followed a strong yen trend with some fluctuation, reflecting the narrowing spread of domestic and overseas interest rates.

Under such business environment, consolidated gross profits for the six months ended September 30, 2009 increased by 116.6 billion yen from the previous interim period to 1,813.2 billion yen. This was mainly due to increase in domestic and overseas lending income, market product income and a new consolidation of ACOM CO., LTD., despite of decrease in deposit income caused by the decline of interest-rates. General and administrative expenses decreased by 11.2 billion yen from the previous interim period to 1,061.4 billion yen due to an intensive corporate-wide cost reduction as well as the effect of the system integration. As a result, net business profits increased by 127.9 billion yen from the previous interim period to 751.7 billion yen.

Credit costs for the six months ended September 30, 2009 increased by 109.3 billion yen from the previous interim period to 444.2 billion yen, mainly due to an increase in credit costs from our subsidiaries other than BTMU and MUTB, primarily from our overseas subsidiaries, and the consolidation of ACOM CO., LTD., while combined credit costs of BTMU and MUTB decreased from the previous interim period. Net gains on equity securities for the six months ended September 30, 2009 increased by 88.6 billion yen due to decrease in losses on write-down of equity securities and other non-recurring losses for six months ended September 30, 2009 increased by 62.3 billion yen from the previous interim period due to an increase in retirement benefit costs.

Based on the above results, ordinary profits for the six months ended September 30, 2009 was 233.0 billion yen, an increase of 44.9 billion yen from the previous interim period and consolidated net income for the six months ended September 30, 2009 was 140.9 billion yen, an increase of 48.9 billion yen from the previous interim period.

Mitsubishi UFJ Financial Group, Inc.


	(in billions of Japanese yen)
	For the six months ended September 30, 2009		For the six months ended September 30, 2008		Increase (Decrease)
Gross Profits before credit costs for trust accounts	1,813.2		1,696.5		116.6
General and administrative expenses	1,061.4		1,072.7		(11.2	)

Net business profits before credit costs for trust accounts and provision for general allowance for credit losses	751.7		623.8		127.9

Credit costs	(444.2	)	(334.9	)	(109.3	)
Net gains (losses) on equity securities	13.3		(75.2	)	88.6
Other non-recurring losses	(87.7	)	(25.4	)	(62.3	)

Ordinary profits	233.0		188.1		44.9

Net income	140.9		92.0		48.9

2. Qualitative information related to the financial conditions

Total assets as of September 30, 2009 increased by 4,068.1 billion yen from March 31, 2009 to 202,802.1 billion yen, and total net assets as of September 30, 2009 increased by 1,374.9 billion yen from March 31, 2009 to 9,945.6 billion yen. The increase in total net assets reflected an increase of total valuation and translation adjustments of 1,011.5 billion yen, which was mainly due to an increase of net unrealized gains on other securities by the higher stock prices.

With regards to major items of assets, securities as of September 30, 2009 increased by 9,070.2 billion yen from March 31, 2009 to 57,384.3 billion yen and loans and bills discounted as of September 30, 2009 decreased by 4,024.7 billion yen from March 31, 2009 to 88,032.0 billion yen. With regards to major items of liabilities, deposits as of September 30, 2009 increased by 1,894.1 billion yen from March 31, 2009 to 122,043.7 billion yen.

MUFG’s consolidated risk-adjusted capital ratio based on the Basel 2 Standards as of September 30, 2009 was 13.29 % (preliminary basis), an increase of 1.52 points from March 31, 2009.

3. Qualitative information related to the earnings forecasts

MUFG has the target of 300.0 billion yen of consolidated net income for the fiscal year ending March 31, 2010. (There are no changes to our earnings targets released on May 19, 2009.)

Mitsubishi UFJ Financial Group, Inc.

[Reference]


(in billions of Japanese yen)	For the fiscal year ending March 31, 2010	For the six months ended September 30, 2009 (Results)	For the fiscal year ended March 31, 2009 (Results)		For the six months ended September 30, 2008 (Results)
Consolidated ordinary profits	600.0	233.0	82.8		188.1
Consolidated net income (loss)	300.0	140.9	(256.9	)	92.0
<2 Banks on a stand-alone basis>
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Net business profits before provision for general allowance for credit losses	865.0	408.0	710.8		359.5
Ordinary profits (losses)	365.0	125.0	(199.4	)	37.8
Net income (loss)	245.0	130.7	(366.3	)	25.0
Mitsubishi UFJ Trust and Banking Corporation
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses	120.0	52.9	131.5		78.5
Ordinary profits (losses)	65.0	35.3	50.8		53.4
Net income (loss)	45.0	24.7	16.8		31.9

4. Other

(1)	Changes in scope of consolidation involving “Specified Subsidiaries” (Tokutei Kogaisha) during the period

The following Specified Subsidiaries were newly consolidated during the period.


Name	Location	Stated Capital		Primary Business	Ownership
MUFG Capital Finance 9 Limited	Grand Cayman, Cayman Islands	¥	370,010 million	Finance	100	%
BTMU Preferred Capital 9 Limited	Grand Cayman, Cayman Islands	¥	370,010 million	Finance	100 (100	% %)


Note		1. Both of these Specified Subsidiaries are overseas special purpose companies established for issuance of Non-dilutive Preferred Securities.
		2. The bracketed number in “Ownership” means MUFG’s indirect ownership share through subsidiaries.

(2)	Changes in accounting policies, procedures and presentation rules applied in the preparation of the interim consolidated financial statements

Not applicable

Mitsubishi UFJ Financial Group, Inc.

5. Consolidated Financial Statements

(1) Consolidated Balance Sheets


	(in millions of yen)
	As of September 30, 2009		As of March 31, 2009
Assets:
Cash and due from banks	7,779,378		6,562,376
Call loans and bills bought	399,726		293,415
Receivables under resale agreements	3,363,764		2,544,848
Receivables under securities borrowing transactions	5,845,064		6,797,026
Monetary claims bought	3,168,282		3,394,519
Trading assets	17,678,766		17,452,426
Money held in trust	341,589		326,298
Securities	57,384,396		48,314,122
Allowance for losses on securities	(31,916	)	(37,104	)
Loans and bills discounted	88,032,042		92,056,820
Foreign exchanges	955,397		1,058,640
Other assets	6,604,604		7,795,056
Tangible fixed assets	1,399,983		1,380,900
Intangible fixed assets	1,164,879		1,209,783
Deferred tax assets	856,257		1,235,139
Customers’ liabilities for acceptances and guarantees	9,114,298		9,534,900
Allowance for credit losses	(1,254,412	)	(1,185,266	)

Total assets	202,802,103		198,733,906

Liabilities:
Deposits	122,043,723		120,149,591
Negotiable certificates of deposit	9,585,670		7,570,547
Call money and bills sold	2,537,568		2,272,292
Payables under repurchase agreements	12,787,963		11,926,997
Payables under securities lending transactions	3,947,901		4,270,365
Commercial papers	88,759		141,436
Trading liabilities	9,380,537		9,868,818
Borrowed money	6,645,428		7,729,256
Foreign exchanges	865,759		804,425
Short-term bonds payable	326,401		323,959
Bonds payable	6,947,086		6,485,158
Due to trust accounts	1,762,003		1,798,223
Other liabilities	6,197,848		6,634,917
Reserve for bonuses	50,177		42,615
Reserve for bonuses to directors	340		150
Reserve for retirement benefits	86,252		94,623
Reserve for retirement benefits to directors	1,568		1,958
Reserve for loyalty award credits	10,661		8,854
Reserve for contingent losses	244,801		277,608
Reserves under special laws	3,094		3,339
Deferred tax liabilities	36,429		28,993
Deferred tax liabilities for land revaluation	192,194		194,228
Acceptances and guarantees	9,114,298		9,534,900

Total liabilities	192,856,471		190,163,264

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	As of September 30, 2009		As of March 31, 2009
Net assets:
Capital stock	1,620,896		1,620,896
Capital surplus	1,897,919		1,898,031
Retained earnings	4,238,262		4,168,625
Treasury stock	(5,927	)	(6,867	)

Total shareholders’ equity	7,751,150		7,680,685

Net unrealized gains (losses) on other securities	126,439		(776,397	)
Net deferred gains (losses) on hedging instruments	108,093		111,001
Land revaluation excess	144,093		142,502
Foreign currency translation adjustments	(190,502	)	(302,352	)
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP	(53,647	)	(51,822	)

Total valuation and translation adjustments	134,476		(877,067	)

Subscription rights to shares	5,429		4,650
Minority interests	2,054,575		1,762,372

Total net assets	9,945,632		8,570,641

Total liabilities and net assets	202,802,103		198,733,906

Mitsubishi UFJ Financial Group, Inc.

(2) Consolidated Statements of Operations


	(in millions of yen)
	For the six months ended September 30, 2008		For the six months ended September 30, 2009
Ordinary income	2,925,113		2,618,434
Interest income	1,842,261		1,500,108
Interest on loans and bills discounted	1,134,155		1,003,524
Interest and dividends on securities	356,656		304,769
Trust fees	67,097		52,456
Fees and commissions	592,473		572,542
Trading income	126,317		167,472
Other business income	174,846		209,473
Other ordinary income	122,116		116,381
Ordinary expenses	2,736,996		2,385,386
Interest expenses	872,046		385,012
Interest on deposits	374,699		173,396
Fees and commissions	87,443		79,387
Trading expenses	1,191		—
Other business expenses	146,147		224,521
General and administrative expenses	1,084,363		1,111,730
Other ordinary expenses	545,803		584,735

Ordinary profits	188,117		233,047

Extraordinary gains	61,417		36,705
Gains on disposition of fixed assets	6,718		5,331
Gains on loans written-off	14,388		24,804
Reversal of reserve for contingent liabilities from financial instruments transactions	1,308		244
Gains on sales of equity securities of subsidiaries	32,814		—
Impact upon the adoption of the Accounting standard for lease transactions	6,186		—
Reversal of allowance for losses on investments	—		5,026
Others	—		1,297
Extraordinary losses	60,787		55,378
Losses on disposition of fixed assets	8,511		14,348
Losses on impairment of fixed assets	4,879		10,097
Provision for reserve for losses relating to business restructuring	197		—
Expenses relating to systems integration	47,198		—
Amortization of goodwill	—		27,918
Others	—		3,012

Income before income taxes and others	188,747		214,374

Income taxes-current	47,772		50,242
Refund of income taxes	—		(16,090	)
Income taxes-deferred	(168	)	8,442

Total taxes	47,604		42,593

Minority interests	49,120		30,832

Net income	92,023		140,948

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets


	(in millions of yen)
	For the six months ended September 30, 2008		For the six months ended September 30, 2009
Shareholders’ equity
Capital stock
Balance at the end of the previous period	1,383,052		1,620,896

Balance at the end of the period	1,383,052		1,620,896

Capital surplus
Balance at the end of the previous period	1,865,696		1,898,031
Changes during the period
Disposition of treasury stock	(87,835	)	(32	)
Change of application of equity method	—		(78	)

Total changes during the period	(87,835	)	(111	)

Balance at the end of the period	1,777,860		1,897,919

Retained earnings
Balance at the end of the previous period	4,592,960		4,168,625
Changes during the period
Dividends from retained earnings	(75,855	)	(67,879	)
Net income	92,023		140,948
Reversal of land revaluation excess	(353	)	(1,591	)
Change of application of equity method	—		(1,840	)
Increase in companies accounted for under the equity method	5,763		—
Prior year adjustments on retained earnings of companies accounted for under the equity method	(16,802	)	—
Increase due to unification of accounting policies applied to foreign subsidiaries	778		—
Decrease due to unification of accounting policies applied to foreign subsidiaries	(6,669	)	—

Total changes during the period	(1,114	)	69,637

Balance at the end of the period	4,591,845		4,238,262

Treasury stock
Balance at the end of the previous period	(726,001	)	(6,867	)
Changes during the period
Repurchase of treasury stock	(732	)	(34	)
Disposition of treasury stock	287,358		974

Total changes during the period	286,626		939

Balance at the end of the period	(439,375	)	(5,927	)

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	For the six months ended September 30, 2008		For the six months ended September 30, 2009
Total shareholders’ equity
Balance at the end of the previous period	7,115,707		7,680,685
Changes during the period
Dividends from retained earnings	(75,855	)	(67,879	)
Net income	92,023		140,948
Repurchase of treasury stock	(732	)	(34	)
Disposition of treasury stock	199,522		941
Reversal of land revaluation excess	(353	)	(1,591	)
Change of application of equity method	—		(1,919	)
Increase in companies accounted for under the equity method	5,763		—
Prior year adjustments on retained earnings of companies accounted for under the equity method	(16,802	)	—
Increase due to unification of accounting policies applied to foreign subsidiaries	778		—
Decrease due to unification of accounting policies applied to foreign subsidiaries	(6,669	)	—

Total changes during the period	197,675		70,465

Balance at the end of the period	7,313,383		7,751,150

Valuation and translation adjustments
Net unrealized gains (losses) on other securities
Balance at the end of the previous period	595,352		(776,397	)
Changes during the period
Net changes of items other than shareholders’ equity	(634,596	)	902,836

Total changes during the period	(634,596	)	902,836

Balance at the end of the period	(39,243	)	126,439

Net deferred gains (losses) on hedging instruments
Balance at the end of the previous period	79,043		111,001
Changes during the period
Net changes of items other than shareholders’ equity	(76,297	)	(2,907	)

Total changes during the period	(76,297	)	(2,907	)

Balance at the end of the period	2,745		108,093

Land revaluation excess
Balance at the end of the previous period	143,292		142,502
Changes during the period
Net changes of items other than shareholders’ equity	355		1,591

Total changes during the period	355		1,591

Balance at the end of the period	143,647		144,093

Foreign currency translation adjustments
Balance at the end of the previous period	(52,566	)	(302,352	)
Changes during the period
Net changes of items other than shareholders’ equity	(43,740	)	111,849

Total changes during the period	(43,740	)	111,849

Balance at the end of the period	(96,306	)	(190,502	)

Pension liability adjustments of subsidiaries preparing financial statements under US GAAP
Balance at the end of the previous period	—		(51,822	)
Changes during the period
Net changes of items other than shareholders’ equity	(12,392	)	(1,825	)

Total changes during the period	(12,392	)	(1,825	)

Balance at the end of the period	(12,392	)	(53,647	)

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	For the six months ended September 30, 2008		For the six months ended September 30, 2009
Total valuation and translation adjustments
Balance at the end of the previous period	765,121		(877,067	)
Changes during the period
Net changes of items other than shareholders’ equity	(766,671	)	1,011,543

Total changes during the period	(766,671	)	1,011,543

Balance at the end of the period	(1,549	)	134,476

Subscription rights to shares
Balance at the end of the previous period	2,509		4,650
Changes during the period
Net changes of items other than shareholders’ equity	1,165		778

Total changes during the period	1,165		778

Balance at the end of the period	3,674		5,429

Minority interests
Balance at the end of the previous period	1,716,370		1,762,372
Changes during the period
Net changes of items other than shareholders’ equity	10,725		292,203

Total changes during the period	10,725		292,203

Balance at the end of the period	1,727,096		2,054,575

Total net assets
Balance at the end of the previous period	9,599,708		8,570,641
Changes during the period
Dividends from retained earnings	(75,855	)	(67,879	)
Net income	92,023		140,948
Repurchase of treasury stock	(732	)	(34	)
Disposition of treasury stock	199,522		941
Reversal of land revaluation excess	(353	)	(1,591	)
Change of application of equity method	—		(1,919	)
Increase in companies accounted for under the equity method	5,763		—
Prior year adjustments on retained earnings of companies accounted for under the equity method	(16,802	)	—
Increase due to unification of accounting policies applied to foreign subsidiaries	778		—
Decrease due to unification of accounting policies applied to foreign subsidiaries	(6,669	)	—
Net changes of items other than shareholders’ equity	(754,780	)	1,304,525

Total changes during the period	(557,104	)	1,374,990

Balance at the end of the period	9,042,604		9,945,632

Mitsubishi UFJ Financial Group, Inc.

(4) Notes on Going-Concern Assumption

Not applicable

Mitsubishi UFJ Financial Group, Inc.

6. Non-consolidated Financial Statements

(1) Non-consolidated Balance Sheets


	(in millions of yen)
	As of September 30, 2009		As of March 31, 2009
Assets:
Current assets:
Cash and due from banks	91,638		33,602
Accounts receivable	24,200		52,191
Other	45,404		50,497

Total current assets	161,243		136,291

Fixed assets:
Tangible fixed assets	280		255
Intangible fixed assets	1,337		1,066
Investments and other assets	9,944,292		9,691,665
Investment securities	886,142		886,634
Investments in subsidiaries and affiliates	9,059,633		8,806,543
Other	250		221
Allowance for losses on investments	(1,733	)	(1,733	)

Total fixed assets	9,945,910		9,692,987

Total assets	10,107,154		9,829,278

Liabilities:
Current liabilities:
Short-term borrowings	1,002,648		1,032,670
Current portion of bonds payable	200,000		100,000
Current portion of long-term borrowings	257,252		12,800
Lease liabilities	46		11
Accounts payable	1,058		1,372
Income taxes payable	325		400
Reserve for bonuses	307		299
Other	7,071		22,074

Total current liabilities	1,468,709		1,169,628

Fixed liabilities:
Bonds payable	510,500		230,000
Long-term borrowings from subsidiaries and affiliates	463,110		707,573
Lease liabilities	173		39
Other	14,019		4,729

Total fixed liabilities	987,802		942,342

Total liabilities	2,456,512		2,111,971

Net assets:
Shareholders’ equity:
Capital stock	1,620,896		1,620,896
Capital surplus:
Capital reserve	1,620,914		1,620,914
Other capital surplus	2,109,937		2,109,970

Total capital surplus	3,730,851		3,730,884

Retained earnings:
Other retained earnings:
Other reserve	150,000		150,000
Earned surplus brought forward	2,129,702		2,211,855

Total retained earnings	2,279,702		2,361,855

Treasury stock	(31	)	(979	)

Total shareholders’ equity	7,631,419		7,712,656

Valuation and translation adjustments:
Net unrealized gains (losses) on other securities	13,794		—

Total valuation and translation adjustments	13,794		—

Subscription rights to shares	5,429		4,650

Total net assets	7,650,642		7,717,307

Total liabilities and net assets	10,107,154		9,829,278

Mitsubishi UFJ Financial Group, Inc.

(2) Non-consolidated Statements of Operations


	(in millions of yen)
	For the six months ended September 30, 2008		For the six months ended September 30, 2009
Operating income	247,861		143,203
Operating expenses	7,979		8,632

Operating profits	239,882		134,571

Non-operating income	432		5,917
Non-operating expenses	8,907		23,649

Ordinary profits	231,407		116,839

Extraordinary gains	32,487		563
Extraordinary losses	—		126,459

Income (loss) before income taxes	263,895		(9,056	)

Income taxes-current	142		4,231
Income taxes-deferred	(27,350	)	919

Total taxes	(27,208	)	5,151

Net income (loss)	291,103		(14,207	)

Mitsubishi UFJ Financial Group, Inc.

(3) Non-consolidated Statements of Changes in Net Assets


	(in millions of yen)
	For the six months ended September 30, 2008		For the six months ended September 30, 2009
Shareholders’ equity
Capital stock
Balance at the end of the previous period	1,383,052		1,620,896

Balance at the end of the period	1,383,052		1,620,896

Capital surplus
Capital reserve
Balance at the end of the previous period	1,383,070		1,620,914

Balance at the end of the period	1,383,070		1,620,914

Other capital surplus
Balance at the end of the previous period	2,497,841		2,109,970
Changes during the period
Disposition of treasury stock	(262	)	(32	)
Increase by share exchange	(387,560	)	—

Total changes during the period	(387,822	)	(32	)

Balance at the end of the period	2,110,019		2,109,937

Retained earnings
Other retained earnings
Other reserve
Balance at the end of the previous period	150,000		150,000

Balance at the end of the period	150,000		150,000

Earned surplus brought forward
Balance at the end of the previous period	2,065,219		2,211,855
Changes during the period
Dividends from retained earnings	(75,859	)	(67,945	)
Net income (loss)	291,103		(14,207	)

Total changes during the period	215,243		(82,152	)

Balance at the end of the period	2,280,463		2,129,702

Treasury stock
Balance at the end of the previous period	(724,571	)	(979	)
Changes during the period
Repurchase of treasury stock	(239,530	)	(20	)
Disposition of treasury stock	648,905		968

Total changes during the period	409,375		947

Balance at the end of the period	(315,196	)	(31	)

Total shareholders’ equity
Balance at the end of the previous period	6,754,613		7,712,656
Changes during the period
Dividends from retained earnings	(75,859	)	(67,945	)
Net income (loss)	291,103		(14,207	)
Repurchase of treasury stock	(239,530	)	(20	)
Disposition of treasury stock	648,642		935
Increase by share exchange	(387,560	)	—

Total changes during the period	236,796		(81,237	)

Balance at the end of the period	6,991,409		7,631,419

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	For the six months ended September 30, 2008		For the six months ended September 30, 2009
Valuation and translation adjustments
Net unrealized gains (losses) on other securities
Balance at the end of the previous period	—		—
Changes during the period
Net changes of items other than shareholders’ equity	—		13,794

Total changes during the period	—		13,794

Balance at the end of the period	—		13,794

Subscription rights to shares
Balance at the end of the previous period	2,408		4,650
Changes during the period
Net changes of items other than shareholders’ equity	1,154		778

Total changes during the period	1,154		778

Balance at the end of the period	3,562		5,429

Total net assets
Balance at the end of the previous period	6,757,021		7,717,307
Changes during the period
Dividends from retained earnings	(75,859	)	(67,945	)
Net income (loss)	291,103		(14,207	)
Repurchase of treasury stock	(239,530	)	(20	)
Disposition of treasury stock	648,642		935
Increase by share exchange	(387,560	)	—
Net changes of items other than shareholders’ equity	1,154		14,572

Total changes during the period	237,950		(66,665	)

Balance at the end of the period	6,994,971		7,650,642

Mitsubishi UFJ Financial Group, Inc.

(4) Notes on Going-Concern Assumption

Not applicable

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 30, 2009

Mitsubishi UFJ Financial Group, Inc.

[Contents]


1. Financial Results		1
[ MUFG Consolidated ]1[ BTMU and MUTB Combined ]234
[ BTMU Consolidated ][ BTMU Non-consolidated ]
[ MUTB Consolidated ][ MUTB Non-consolidated ]

2. Average Interest Rate Spread		7
[ BTMU Non-consolidated ][ MUTB Non-consolidated ][ BTMU and MUTB Combined ]

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

4. Securities		9
[ MUFG Consolidated ][ BTMU Non-consolidated ][ MUTB Non-consolidated ]

5. ROE		12
[ MUFG Consolidated ]

6. Risk-Adjusted Capital Ratio Based on the Basel 2 Standards		13
[ MUFG Consolidated ][ BTMU Consolidated ][ MUTB Consolidated ]

7. Risk-Monitored Loans		14
[ MUFG Consolidated ][ BTMU Non-consolidated ]
[ MUTB Non-consolidated ][ MUTB Non-consolidated : Trust Accounts ]

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

9. Progress in Disposition of Problem Assets		22
[ BTMU, MUTB and MUSP Combined including Trust Accounts ]*5
[ BTMU and MUSP Combined ][ MUTB Non-consolidated including Trust Accounts ]

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

11. Overseas Loans		29
[ BTMU and MUTB Combined ]

12. Loans and Deposits		30
[ BTMU and MUTB Combined ][ BTMU Non-consolidated ][ MUTB Non-consolidated ]

13. Domestic Deposits		31
[ BTMU and MUTB Combined ][ BTMU Non-consolidated ][ MUTB Non-consolidated ]

14. Status of Deferred Tax Assets		32
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

(References)

1. Exposure to “Securitized Products and Related Investments”		34

2. Financial Statements		36
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

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

(*2) “BTMU” means The Bank of Tokyo-Mitsubishi UFJ, Ltd.

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

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

(*5) “MUSP” means MU Strategic Partner, Co., Ltd.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the six months ended				Increase (Decrease) (A) - (B)
	September 30, 2009 (A)		September 30, 2008 (B)		Increase (Decrease) (A) - (B)
Gross profits	1,813,239		1,696,540		116,699
Gross profits before credit costs for trust accounts	1,813,239		1,696,549		116,690

Net interest income	1,115,203		970,586		144,616
Trust fees	52,456		67,097		(14,640	)
Credit costs for trust accounts (1)	—		(9	)	9
Net fees and commissions	493,155		505,030		(11,875	)
Net trading profits	167,472		125,126		42,346
Net other business profits	(15,048	)	28,699		(43,747	)
Net gains (losses) on debt securities	24,873		11,333		13,539

General and administrative expenses	1,061,477		1,072,728		(11,250	)

Amortization of goodwill	17,185		9,727		7,458

Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill	768,947		633,548		135,399

Net business profits before credit costs for trust accounts and provision for general allowance for credit losses	751,761		623,820		127,941

Provision for general allowance for credit losses (2)	(54,788	)	11,001		(65,789	)

Net business profits*	696,973		634,812		62,160

Net non-recurring gains (losses)	(463,925	)	(446,695	)	(17,230	)

Credit costs (3)	(389,483	)	(345,939	)	(43,544	)
Losses on loan write-offs	(145,707	)	(163,052	)	17,344
Provision for specific allowance for credit losses	(230,326	)	(181,639	)	(48,686	)
Other credit costs	(13,450	)	(1,247	)	(12,202	)
Net gains (losses) on equity securities	13,353		(75,286	)	88,639
Gains on sales of equity securities	77,457		71,840		5,616
Losses on sales of equity securities	(32,644	)	(1,850	)	(30,793	)
Losses on write-down of equity securities	(31,459	)	(145,276	)	113,816
Profits (losses) from investments in affiliates	1,703		1,495		207
Other non-recurring gains (losses)	(89,498	)	(26,965	)	(62,532	)

Ordinary profits	233,047		188,117		44,929

Net extraordinary gains (losses)	(18,672	)	629		(19,302	)

Gains on loans written-off (4)	24,804		14,388		10,416
Losses on impairment of fixed assets	(10,097	)	(4,879	)	(5,217	)
Amortization of goodwill	(27,918	)	—		(27,918	)

Income before income taxes and others	214,374		188,747		25,627

Income taxes-current	50,242		47,772		2,469
Refund of income taxes	(16,090	)	—		(16,090	)
Income taxes-deferred	8,442		(168	)	8,610

Total taxes	42,593		47,604		(5,010	)

Minority interests	30,832		49,120		(18,287	)

Net income	140,948		92,023		48,925

Note: * Net business profits = Banking subsidiaries’ net business 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)	(444,272	)	(334,947	)	(109,325	)

Total credit costs + Gains on loans written-off (1)+(2)+(3)+(4)	(419,467	)	(320,558	)	(98,909	)

Number of consolidated subsidiaries	249		246		3

Number of affiliated companies accounted for under the equity method	58		61		(3	)

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in millions of yen)
	For the six months ended				Increase (Decrease) (A) - (B)
	September 30, 2009 (A)		September 30, 2008 (B)		Increase (Decrease) (A) - (B)
Gross profits	1,068,966		1,101,436		(32,469	)
Gross profits before credit costs for trust accounts	1,068,966		1,101,445		(32,478	)

Net interest income	743,297		745,293		(1,995	)
Trust fees	40,158		51,281		(11,123	)
Credit costs for trust accounts (1)	—		(9	)	9
Net fees and commissions	234,737		240,420		(5,682	)
Net trading profits	85,572		45,636		39,935
Net other business profits	(34,799	)	18,804		(53,603	)
Net gains (losses) on debt securities	21,391		15,200		6,190

General and administrative expenses	607,928		663,317		(55,389	)

Net business profits before credit costs for trust accounts and provision for general allowance for credit losses	461,037		438,127		22,910

Provision for general allowance for credit losses (2)	31,026		16,820		14,205

Net business profits	492,064		454,938		37,125

Net non-recurring gains (losses)	(331,714	)	(363,547	)	31,832

Credit costs (3)	(255,077	)	(259,070	)	3,993
Losses on loan write-offs	(135,162	)	(149,268	)	14,105
Provision for specific allowance for credit losses	(114,259	)	(103,373	)	(10,886	)
Other credit costs	(5,655	)	(6,429	)	773
Net gains (losses) on equity securities	(10,956	)	(78,852	)	67,896
Gains on sales of equity securities	49,862		62,618		(12,756	)
Losses on sales of equity securities	(32,418	)	(1,107	)	(31,310	)
Losses on write-down of equity securities	(28,401	)	(140,363	)	111,962
Other non-recurring gains (losses)	(65,680	)	(25,623	)	(40,056	)

Ordinary profits	160,349		91,391		68,958

Net extraordinary gains (losses)	10,793		9,327		1,465

Gains on loans written-off (4)	18,560		12,024		6,536

Income before income taxes	171,142		100,718		70,424

Income taxes-current	19,953		7,915		12,037
Refund of income taxes	(6,328	)	—		(6,328	)
Income taxes-deferred	1,973		35,842		(33,868	)

Total taxes	15,598		43,757		(28,159	)

Net income	155,544		56,960		98,583


(Reference)
Total credit costs (1)+(2)+(3)	(224,051	)	(242,259	)	18,208

Total credit costs + Gains on loans written-off (1)+(2)+(3)+(4)	(205,490	)	(230,235	)	24,745

Mitsubishi UFJ Financial Group, Inc.

BTMU Consolidated


	(in millions of yen)
	For the six months ended				Increase (Decrease) (A) - (B)
	September 30, 2009 (A)		September 30, 2008 (B)		Increase (Decrease) (A) - (B)
Gross profits	1,199,294		1,295,837		(96,542	)

Net interest income	847,721		886,603		(38,881	)
Trust fees	6,532		9,964		(3,432	)
Net fees and commissions	269,781		318,882		(49,100	)
Net trading profits	80,031		50,748		29,282
Net other business profits	(4,773	)	29,637		(34,411	)
Net gains (losses) on debt securities	33,856		4,773		29,083

General and administrative expenses	666,324		772,151		(105,826	)

Amortization of goodwill	8,201		3,062		5,139

Net business profits before provision for general allowance for credit losses and amortization of goodwill	541,171		526,747		14,423

Net business profits before provision for general allowance for credit losses	532,969		523,685		9,283

Provision for general allowance for credit losses (1)	(41,150	)	(558	)	(40,591	)

Net business profits*	491,819		523,127		(31,307	)

Net non-recurring gains (losses)	(349,633	)	(387,994	)	38,361

Credit costs (2)	(275,239	)	(315,683	)	40,443
Losses on loan write-offs	(138,710	)	(157,232	)	18,521
Provision for specific allowance for credit losses	(122,987	)	(154,897	)	31,910
Other credit costs	(13,542	)	(3,553	)	(9,988	)
Net gains (losses) on equity securities	(21,277	)	(57,118	)	35,841
Gains on sales of equity securities	38,665		65,451		(26,786	)
Losses on sales of equity securities	(33,736	)	(1,510	)	(32,225	)
Losses on write-down of equity securities	(26,205	)	(121,059	)	94,853
Profits (losses) from investments in affiliates	432		2,328		(1,896	)
Other non-recurring gains (losses)	(53,548	)	(17,521	)	(36,027	)

Ordinary profits	142,185		135,132		7,053

Net extraordinary gains (losses)	24,006		138,415		(114,408	)

Gains on loans written-off (3)	18,567		12,185		6,381

Income before income taxes and others	166,192		273,547		(107,355	)

Income taxes-current	34,546		37,166		(2,619	)
Refund of income taxes	(15,293	)	—		(15,293	)
Income taxes-deferred	(6,423	)	14,409		(20,832	)

Total taxes	12,829		51,575		(38,745	)

Minority interests	30,640		46,829		(16,188	)

Net income	122,722		175,142		(52,420	)

Note: * Net business profits = Net business profits of BTMU + 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)	(316,389	)	(316,242	)	(147	)

Total credit costs + Gains on loans written-off (1)+(2)+(3)	(297,822	)	(304,056	)	6,234


Number of consolidated subsidiaries	151		159		(8	)

Number of affiliated companies accounted for under the equity method	45		47		(2	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in millions of yen)
	For the six months ended				Increase (Decrease) (A) - (B)
	September 30, 2009 (A)		September 30, 2008 (B)		Increase (Decrease) (A) - (B)
Gross profits	917,994		923,036		(5,042	)

Domestic gross profits	642,323		675,142		(32,818	)
Net interest income	474,817		527,314		(52,497	)
Net fees and commissions	126,035		132,915		(6,879	)
Net trading profits	8,406		20,049		(11,643	)
Net other business profits	33,064		(5,137	)	38,201
Net gains (losses) on debt securities	35,496		7,962		27,533

Non-domestic gross profits	275,670		247,894		27,776
Net interest income	190,254		137,323		52,931
Net fees and commissions	71,866		59,807		12,059
Net trading profits	69,083		28,097		40,986
Net other business profits	(55,534	)	22,666		(78,201	)
Net gains (losses) on debt securities	(2,411	)	341		(2,753	)

General and administrative expenses	509,915		563,499		(53,583	)

Personnel expenses	188,844		193,473		(4,628	)
Non-personnel expenses	294,832		334,415		(39,582	)
Taxes	26,238		35,610		(9,372	)

Net business profits before provision for general allowance for credit losses	408,078		359,537		48,541

Provision for general allowance for credit losses (1)	24,929		18,085		6,844

Net business profits	433,008		377,622		55,385

Net non-recurring gains (losses)	(307,975	)	(339,730	)	31,754

Credit costs (2)	(238,607	)	(256,747	)	18,140
Losses on loan write-offs	(133,292	)	(147,082	)	13,789
Provision for specific allowance for credit losses	(99,950	)	(103,026	)	3,075
Other credit costs	(5,363	)	(6,638	)	1,274
Net gains (losses) on equity securities	(16,480	)	(62,349	)	45,868
Gains on sales of equity securities	38,787		59,148		(20,361	)
Losses on sales of equity securities	(32,161	)	(814	)	(31,346	)
Losses on write-down of equity securities	(23,106	)	(120,683	)	97,577
Other non-recurring gains (losses)	(52,887	)	(20,633	)	(32,254	)

Ordinary profits	125,032		37,892		87,140

Net extraordinary gains (losses)	12,291		10,807		1,484

Gains on loans written-off (3)	17,731		10,919		6,812

Income before income taxes	137,324		48,699		88,624

Income taxes-current	20,252		8,213		12,038
Refund of income taxes	(6,328	)	—		(6,328	)
Income taxes-deferred	(7,364	)	15,470		(22,834	)

Total taxes	6,559		23,683		(17,124	)

Net income	130,765		25,016		105,748


(Reference)
Total credit costs (1)+(2)	(213,677	)	(238,662	)	24,984

Total credit costs + Gains on loans written-off (1)+(2)+(3)	(195,946	)	(227,743	)	31,796

Mitsubishi UFJ Financial Group, Inc.

MUTB Consolidated


	(in millions of yen)
	For the six months ended				Increase (Decrease) (A) - (B)
	September 30, 2009 (A)		September 30, 2008 (B)		Increase (Decrease) (A) - (B)
Gross profits	178,360		205,217		(26,856	)
Gross profits before credit costs for trust accounts	178,360		205,226		(26,865	)

Trust fees	46,046		57,132		(11,086	)
Trust fees before credit costs for trust accounts	46,046		57,141		(11,095	)
Loan trusts and money trusts fees (Jointly operated designated money trusts before credit costs for trust accounts)	3,977		4,451		(473	)
Other trust fees	42,068		52,690		(10,622	)
Credit costs for trust accounts (1)	—		(9	)	9
Net interest income	77,382		79,939		(2,556	)
Net fees and commissions	52,384		66,103		(13,718	)
Net trading profits	14,809		749		14,059
Net other business profits	(12,261	)	1,293		(13,554	)
Net gains (losses) on debt securities	(11,692	)	6,896		(18,589	)

General and administrative expenses	122,744		125,105		(2,360	)

Amortization of goodwill	—		—		—
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill	55,615		80,121		(24,505	)

Net business profits before credit costs for trust accounts and provision for general allowance for credit losses	55,615		80,121		(24,505	)

Provision for general allowance for credit losses (2)	6,027		(1,047	)	7,074

Net business profits*	61,643		79,065		(17,422	)

Net non-recurring gains (losses)	(23,138	)	(24,072	)	934

Credit costs (3)	(16,693	)	(2,473	)	(14,220	)
Losses on loan write-offs	(1,973	)	(2,263	)	289
Provision for specific allowance for credit losses	(14,409	)	(418	)	(13,990	)
Other credit costs	(310	)	208		(519	)
Net gains (losses) on equity securities	5,401		(16,557	)	21,958
Gains on sales of equity securities	10,949		3,416		7,533
Losses on sales of equity securities	(252	)	(293	)	40
Losses on write-down of equity securities	(5,295	)	(19,680	)	14,385
Profits (losses) from investments in affiliates	1,440		299		1,141
Other non-recurring gains (losses)	(13,287	)	(5,341	)	(7,945	)

Ordinary profits	38,504		54,992		(16,488	)

Net extraordinary gains (losses)	(1,653	)	(1,479	)	(173	)

Gains on loans written-off (4)	777		1,157		(379	)
Losses on impairment of fixed assets	(2,349	)	(1,765	)	(583	)

Income before income taxes and others	36,851		53,513		(16,662	)

Income taxes-current	1,311		1,669		(357	)
Income taxes-deferred	8,965		20,251		(11,285	)

Total taxes	10,277		21,920		(11,642	)

Minority interests	2,073		856		1,216

Net income	24,500		30,736		(6,235	)

Note: * Net business profits = Net business profits of MUTB + 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)	(10,666	)	(3,529	)	(7,137	)

Total credit costs + Gains on loans written-off (1)+(2)+(3)+(4)	(9,889	)	(2,371	)	(7,517	)

Number of consolidated subsidiaries	25		27		(2	)

Number of affiliated companies accounted for under the equity method	7		9		(2	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in millions of yen)
	For the six months ended				Increase (Decrease) (A) - (B)
	September 30, 2009 (A)		September 30, 2008 (B)		Increase (Decrease) (A) - (B)
Gross profits	150,972		178,399		(27,427	)
Gross profits before credit costs for trust accounts	150,972		178,408		(27,436	)

Domestic gross profits	131,322		164,588		(33,266	)

Trust fees	40,158		51,281		(11,123	)
Trust fees before credit costs for trust accounts	40,158		51,290		(11,132	)
Loan trusts and money trusts fees (Jointly operated designated money trusts before credit costs for trust accounts)	3,977		4,451		(473	)
Other trust fees	36,180		46,839		(10,659	)
Credit costs for trust accounts (1)	—		(9	)	9
Net interest income	48,953		70,414		(21,461	)
Net fees and commissions	37,016		48,322		(11,305	)
Net trading profits	16,604		(8,737	)	25,341
Net other business profits	(11,410	)	3,307		(14,718	)
Net gains (losses) on debt securities	(10,310	)	4,856		(15,166	)

Non-domestic gross profits	19,649		13,810		5,839

Net interest income	29,272		10,241		19,031
Net fees and commissions	(181	)	(624	)	442
Net trading profits	(8,522	)	6,226		(14,748	)
Net other business profits	(918	)	(2,032	)	1,113
Net gains (losses) on debt securities	(1,382	)	2,040		(3,423	)

General and administrative expenses	98,012		99,818		(1,805	)

Personnel expenses	33,945		31,556		2,389
Non-personnel expenses	58,962		62,598		(3,636	)
Taxes	5,104		5,662		(558	)

Net business profits before credit costs for trust accounts and provision for general allowance for credit losses	52,959		78,589		(25,630	)

Provision for general allowance for credit losses (2)	6,096		(1,264	)	7,361

Net business profits	59,056		77,316		(18,259	)

Net non-recurring gains (losses)	(23,739	)	(23,817	)	77

Credit costs (3)	(16,470	)	(2,323	)	(14,146	)
Losses on loan write-offs	(1,869	)	(2,185	)	316
Provision for specific allowance for credit losses	(14,308	)	(347	)	(13,961	)
Other credit costs	(291	)	208		(500	)
Net gains (losses) on equity securities	5,523		(16,503	)	22,027
Gains on sales of equity securities	11,075		3,469		7,605
Losses on sales of equity securities	(256	)	(293	)	36
Losses on write-down of equity securities	(5,295	)	(19,680	)	14,385
Other non-recurring gains (losses)	(12,792	)	(4,989	)	(7,802	)

Ordinary profits	35,316		53,499		(18,182	)

Net extraordinary gains (losses)	(1,498	)	(1,479	)	(18	)

Gains on loans written-off (4)	829		1,105		(275	)
Losses on impairment of fixed assets	(2,275	)	(1,765	)	(509	)

Income before income taxes	33,818		52,019		(18,200	)

Income taxes-current	(298	)	(297	)	(1	)
Income taxes-deferred	9,338		20,371		(11,033	)

Total taxes	9,039		20,074		(11,035	)

Net income	24,779		31,944		(7,165	)


(Reference)
Total credit costs (1)+(2)+(3)	(10,373	)	(3,597	)	(6,775	)

Total credit costs + Gains on loans written-off (1)+(2)+(3)+(4)	(9,544	)	(2,492	)	(7,051	)

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread


BTMU Non-consolidated	(percentage per annum)
(All branches)	For the six months ended September 30, 2009 (A)	Increase (Decrease) (A) - (B)		For the six months ended September 30, 2008 (B)
(All branches)	For the six months ended September 30, 2009 (A)	Increase (Decrease) (A) - (B)		For the six months ended September 30, 2008 (B)
Total average interest rate on interest-earning assets (a)	1.49	(0.62	)	2.11
Average interest rate on loans and bills discounted (b)	1.69	(0.53	)	2.22
Average interest rate on securities	0.92	(0.68	)	1.61

Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>	1.23	(0.68	)	1.91

Average interest rate on deposits and NCD (d)	0.24	(0.38	)	0.62
Average interest rate on other liabilities	1.74	(0.89	)	2.64

Overall interest rate spread (a)-(c)	0.26	0.05		0.20

Interest rate spread (b)-(d)	1.45	(0.14	)	1.59


(Domestic business segment)
Total average interest rate on interest-earning assets (e)	1.18	(0.29	)	1.48

Average interest rate on loans and bills discounted (f)	1.59	(0.21	)	1.81
Average interest rate on securities	0.67	(0.46	)	1.13

Total average interest rate on interest-bearing liabilities (g) <including general and administrative expenses>	0.99	(0.27	)	1.26

Average interest rate on deposits and NCD (h)	0.16	(0.12	)	0.29
Average interest rate on other liabilities	0.62	(0.40	)	1.03

Overall interest rate spread (e)-(g)	0.19	(0.02	)	0.21

Interest rate spread (f)-(h)	1.42	(0.09	)	1.51


MUTB Non-consolidated	(percentage per annum)
(All branches)	For the six months ended September 30, 2009 (A)	Increase (Decrease) (A) - (B)		For the six months ended September 30, 2008 (B)
Total average interest rate on interest-earning assets (a)	1.27	(0.54	)	1.81
Average interest rate on loans and bills discounted (b)	1.35	(0.24	)	1.60
Average interest rate on securities	1.18	(1.05	)	2.23

Total average interest rate on interest-bearing liabilities (c)	0.51	(0.41	)	0.93

Average interest rate on deposits and NCD (d)	0.50	(0.22	)	0.73

Overall interest rate spread (a)-(c)	0.76	(0.12	)	0.88

Interest rate spread (b)-(d)	0.84	(0.02	)	0.87


(Domestic business segment)
Total average interest rate on interest-earning assets (e)	1.05	(0.40	)	1.45

Average interest rate on loans and bills discounted (f)	1.35	(0.14	)	1.50
Average interest rate on securities	0.73	(0.95	)	1.69

Total average interest rate on interest-bearing liabilities (g)	0.49	(0.07	)	0.57

Average interest rate on deposits and NCD (h)	0.50	(0.06	)	0.56

Overall interest rate spread (e)-(g)	0.56	(0.32	)	0.88

Interest rate spread (f)-(h)	0.84	(0.08	)	0.93


BTMU and MUTB combined	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2009 (A)	Increase (Decrease) (A) - (B)		For the six months ended September 30, 2008 (B)
(Domestic business segment)	For the six months ended September 30, 2009 (A)	Increase (Decrease) (A) - (B)		For the six months ended September 30, 2008 (B)
Average interest rate on loans and bills discounted (a)	1.55	(0.20	)	1.76

Average interest rate on deposits and NCD (b)	0.21	(0.11	)	0.32

Interest rate spread (a)-(b)	1.34	(0.09	)	1.44

Mitsubishi UFJ Financial Group, Inc.

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

MUFG Consolidated


	(in billions of yen)
	As of September 30, 2009
	within 1 year	1 year to 5 years	over 5 years	Total
Receive-fix / pay-floater	10,378.1	7,593.8	255.3	18,227.3
Receive-floater / pay-fix	1,313.6	834.8	439.8	2,588.3
Receive-floater / pay-floater	27.1	20.0	—	47.1
Receive-fix / pay-fix	—	94.4	—	94.4

Total	11,719.0	8,543.1	695.1	20,957.3

BTMU Consolidated


	(in billions of yen)
	As of September 30, 2009
	within 1 year	1 year to 5 years	over 5 years	Total
Receive-fix / pay-floater	8,967.6	7,014.9	384.5	16,367.2
Receive-floater / pay-fix	1,171.1	133.4	263.6	1,568.2
Receive-floater / pay-floater	—	20.0	—	20.0
Receive-fix / pay-fix	—	—	—	—

Total	10,138.7	7,168.4	648.2	17,955.4


MUTB Consolidated

	(in billions of yen)
	As of September 30, 2009
	within 1 year	1 year to 5 years	over 5 years	Total
Receive-fix / pay-floater	1,687.4	1,936.6	100.5	3,724.5
Receive-floater / pay-fix	72.6	587.2	329.1	989.0
Receive-floater / pay-floater	—	—	—	—
Receive-fix / pay-fix	—	—	—	—

Total	1,760.0	2,523.8	429.6	4,713.5

Mitsubishi UFJ Financial Group, Inc.

4. Securities

MUFG Consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, beneficiary rights to the trust in “Monetary claims bought” and others in addition to “Securities”. Net unrealized gains (losses) are determined based on the fair values at the end of the fiscal period.

Fair Value Information on Securities


	(in millions of yen)
	As of September 30, 2009			As of March 31, 2009
	Amount on consolidated balance sheet	Net unrealized gains (losses)		Amount on consolidated balance sheet	Net unrealized gains (losses)
Debt securities being held to maturity	3,506,913	32,693		3,250,373	5,835
Domestic bonds	1,521,089	23,378		1,537,035	19,012
Government bonds	1,242,033	18,573		1,242,065	15,817
Municipal bonds	49,409	804		51,961	751
Corporate bonds	229,646	4,000		243,008	2,443
Other	1,985,823	9,315		1,713,338	(13,176	)
Foreign bonds	872,942	120		615,741	(4,130	)
Other	1,112,880	9,194		1,097,596	(9,046	)

	(in millions of yen)
	As of September 30, 2009			As of March 31, 2009
	Amount on consolidated balance sheet	Net unrealized gains (losses)		Amount on consolidated balance sheet	Net unrealized gains (losses)
Other securities	50,500,502	414,876		41,595,222	(917,772	)
Domestic equity securities	4,272,284	476,839		3,732,578	(179,804	)
Domestic bonds	33,462,016	124,240		25,000,441	(38,553	)
Government bonds	31,736,799	102,160		23,301,184	(27,235	)
Municipal bonds	285,535	8,428		278,005	3,537
Corporate bonds	1,439,681	13,651		1,421,251	(14,856	)
Other	12,766,201	(186,203	)	12,862,201	(699,414	)
Foreign equity securities	307,973	63,638		107,943	(20,675	)
Foreign bonds	10,496,448	61,145		10,644,629	(29,139	)
Other	1,961,779	(310,987	)	2,109,628	(649,598	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

Fair Value Information on Securities


	(in millions of yen)
	As of September 30, 2009			As of March 31, 2009
	Amount on balance sheet	Net unrealized gains (losses)		Amount on balance sheet	Net unrealized gains (losses)
Debt securities being held to maturity	1,460,631	19,167		1,555,839	(6,443	)
Stocks of subsidiaries and affiliates	199,495	(25,083	)	191,142	(43,026	)

	(in millions of yen)
	As of September 30, 2009			As of March 31, 2009
	Amount on balance sheet	Net unrealized gains (losses)		Amount on balance sheet	Net unrealized gains (losses)
Other securities	40,441,900	240,122		33,142,134	(729,925	)
Domestic equity securities	3,384,502	234,230		2,943,106	(294,947	)
Domestic bonds	28,712,539	117,466		20,900,754	(26,110	)
Other	8,344,858	(111,574	)	9,298,273	(408,867	)
Foreign equity securities	132,918	35,814		83,828	(17,756	)
Foreign bonds	6,855,315	39,223		7,772,395	18,946
Other	1,356,624	(186,612	)	1,442,049	(410,056	)

Redemption Schedule of Other Securities with Maturities and Debt Securities Being Held to Maturity

	(in millions of yen)
	As of September 30, 2009
	within 1 year	1 year to 5 years		5 years to 10 years	over 10 years
Domestic bonds	11,689,761	14,556,943		3,595,088	2,340,812
Government bonds	11,193,554	12,186,751		2,759,379	1,591,948
Municipal bonds	2,059	74,344		196,080	431
Corporate bonds	494,147	2,295,846		639,628	748,432
Other	1,448,229	2,945,875		1,831,553	3,065,689
Foreign bonds	1,298,748	2,847,045		1,115,651	1,953,164
Other	149,480	98,829		715,902	1,112,525
Total	13,137,990	17,502,818		5,426,642	5,406,501

	(in millions of yen)
	As of March 31, 2009
	within 1 year	1 year to 5 years		5 years to 10 years	over 10 years
Domestic bonds	10,838,318	7,989,036		3,761,389	1,933,967
Government bonds	10,412,217	5,408,825		2,848,594	1,267,443
Municipal bonds	2,149	51,935		197,254	412
Corporate bonds	423,951	2,528,275		715,539	666,111
Other	622,348	4,300,059		1,495,388	3,859,550
Foreign bonds	483,031	4,160,378		932,385	2,515,424
Other	139,317	139,680		563,002	1,344,126
Total	11,460,667	12,289,095		5,256,778	5,793,517

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

The tables include beneficiary rights to the trust in “Monetary claims bought” in addition to “Securities”. Net unrealized gains (losses) are determined based on the fair values at the end of the fiscal period.

Fair Value Information on Securities


	(in millions of yen)
	As of September 30, 2009			As of March 31, 2009
	Amount on balance sheet	Net unrealized gains (losses)		Amount on balance sheet	Net unrealized gains (losses)
Debt securities being held to maturity	1,399,650	24,413		1,160,657	18,031
Stocks of subsidiaries and affiliates	2,821	514		2,821	—

	(in millions of yen)
	As of September 30, 2009			As of March 31, 2009
	Amount on balance sheet	Net unrealized gains (losses)		Amount on balance sheet	Net unrealized gains (losses)
Other securities	8,176,613	10,679		6,822,570	(227,737	)
Domestic equity securities	822,711	87,279		726,470	(37,061	)
Domestic bonds	4,077,017	17,184		3,556,071	3,332
Other	3,276,884	(93,784	)	2,540,028	(194,008	)
Foreign equity securities	43,968	4,545		21,963	(1,158	)
Foreign bonds	2,676,174	7,484		2,003,107	(46,080	)
Other	556,741	(105,814	)	514,957	(146,769	)

Redemption Schedule of Other Securities with Maturities and Debt Securities Being Held to Maturity
	(in millions of yen)
	As of September 30, 2009
	within 1 year	1 year to 5 years		5 years to 10 years	over 10 years
Domestic bonds	1,166,475	3,535,424		261,184	126,615
Government bonds	1,099,709	3,119,208		255,520	124,153
Municipal bonds	16,747	33,329		309	50
Corporate bonds	50,019	382,885		5,354	2,411
Other	309,382	2,206,239		750,919	162,368
Foreign bonds	272,971	2,094,149		614,843	138,193
Other	36,411	112,090		136,076	24,174
Total	1,475,858	5,741,663		1,012,103	288,983

	(in millions of yen)
	As of March 31, 2009
	within 1 year	1 year to 5 years		5 years to 10 years	over 10 years
Domestic bonds	1,410,150	2,652,702		427,534	87,651
Government bonds	1,360,345	2,228,579		400,874	85,424
Municipal bonds	13,938	45,189		2,766	50
Corporate bonds	35,866	378,933		23,893	2,177
Other	158,893	1,431,021		770,601	149,140
Foreign bonds	140,144	1,327,610		611,685	123,263
Other	18,748	103,410		158,916	25,877
Total	1,569,043	4,083,723		1,198,136	236,792

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

Note:

*	ROE is computed as follows:

Net income × 2 - Equivalent of annual dividends on nonconvertible preferred stocks

×100

{(Total shareholders’ equity at the beginning of the period – Number of nonconvertible preferred stocks at the beginning of the period × Issue price + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period – Number of nonconvertible preferred stocks at the end of the period × Issue price + Foreign currency translation adjustments at the end of the period)} / 2

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio Based on the Basel 2 Standards

MUFG Consolidated


		(in billions of yen)
		As of September 30, 2009 (A) (Preliminary basis)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
(1)	Risk-adjusted capital ratio	13.29	%	1.52	%	11.77	%
	Tier 1 ratio	9.13	%	1.36	%	7.76	%
(2)	Tier 1 capital	8,894.3		1,319.1		7,575.1
(3)	Qualified Tier 2 capital	4,383.5		167.4		4,216.1
(4)	Deductions from total qualifying capital	329.0		16.1		312.8
(5)	Net qualifying capital (2)+(3)-(4)	12,948.9		1,470.4		11,478.4
(6)	Risk-adjusted assets	97,368.2		(125.1	)	97,493.4

BTMU Consolidated


		(in billions of yen)
		As of September 30, 2009 (A) (Preliminary basis)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
(1)	Risk-adjusted capital ratio	13.72	%	1.70	%	12.02	%
	Tier 1 ratio	9.20	%	1.56	%	7.64	%
(2)	Tier 1 capital	7,287.5		1,159.9		6,127.6
(3)	Qualified Tier 2 capital	3,787.3		77.8		3,709.4
(4)	Deductions from total qualifying capital	212.8		12.7		200.0
(5)	Net qualifying capital (2)+(3)-(4)	10,862.1		1,225.0		9,637.0
(6)	Risk-adjusted assets	79,137.3		(1,036.4	)	80,173.8

MUTB Consolidated


		(in billions of yen)
		As of September 30, 2009 (A) (Preliminary basis)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
(1)	Risk-adjusted capital ratio	14.82	%	2.12	%	12.70	%
	Tier 1 ratio	11.62	%	1.45	%	10.17	%
(2)	Tier 1 capital	1,336.0		176.2		1,159.7
(3)	Qualified Tier 2 capital	417.7		74.7		343.0
(4)	Deductions from total qualifying capital	50.2		(4.6	)	54.9
(5)	Net qualifying capital (2)+(3)-(4)	1,703.6		255.6		1,447.9
(6)	Risk-adjusted assets	11,489.6		94.3		11,395.3

Note:

Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006. Risk-adjusted capital ratio of BTMU and MUTB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

Mitsubishi UFJ Financial Group, Inc.

7. Risk-Monitored Loans

MUFG Consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2009 (A)	% to total loans and bills discounted		As of March 31, 2009 (B)	% to total loans and bills discounted		Increase (Decrease) (A) - (B)		% to total loans and bills discounted
Loans to bankrupt borrowers	133,042	0.15	%	147,810	0.16	%	(14,768	)	(0.00	)%
Non-accrual delinquent loans	1,135,588	1.28	%	950,262	1.03	%	185,325		0.25	%
Accruing loans contractually past due 3 months or more	17,208	0.01	%	25,421	0.02	%	(8,212	)	(0.00	)%
Restructured loans	396,689	0.45	%	406,292	0.44	%	(9,602	)	0.00	%

Total risk monitored loans	1,682,528	1.91	%	1,529,787	1.66	%	152,741		0.24	%

Total loans and bills discounted	88,032,042			92,056,820			(4,024,778	)

Written-off	1,062,559			980,079			82,480

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2009 (A)	% to total risk monitored loans		As of March 31, 2009 (B)		% to total risk monitored loans		Increase (Decrease) (A) - (B)		% to total risk monitored loans
Allowance for credit losses	1,254,412	74.55	%	1,185,266		77.47	%	69,145		(2.92	)%
General allowance for credit losses	819,312			838,201				(18,888	)
Specific allowance for credit losses	434,143			345,929				88,214
Allowance for credit to specific foreign borrowers	955			1,135				(180	)

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area

	(in millions of yen)
	As of September 30, 2009 (A)	As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Domestic	1,448,154	1,390,507		57,647
Overseas	234,373	139,280		95,093
Asia	19,191	15,455		3,736
Indonesia	2,452	756		1,695
Thailand	6,156	5,615		541
Hong Kong	99	102		(2	)
Other	10,483	8,981		1,501
United States of America	145,600	81,220		64,379
Other	69,582	42,604		26,977

Total	1,682,528	1,529,787		152,741

Classified by Industry


		(in millions of yen)


		As of September 30, 2009
Domestic		1,448,154
Manufacturing		156,593
Construction		48,874
Wholesale and retail		130,389
Finance and insurance		3,654
Real estate, goods rental and leasing		305,482
Services		103,686
Other industries		181,024
Consumer		518,450
Overseas		234,373
Financial institutions		23,586
Commercial and industrial		200,130
Other		10,656

Total		1,682,528


		As of March 31, 2009
Domestic		1,390,507
Manufacturing		128,786
Construction		65,795
Wholesale and retail		134,930
Finance and insurance		11,290
Real estate		293,969
Services		127,882
Other industries		124,614
Consumer		503,237
Overseas		139,280
Financial institutions		15,146
Commercial and industrial		108,197
Other		15,936

Total		1,529,787

Note:

According to revision of Japan Standard Industrial Classification in November 2007, the classification is revised partially as of September 30, 2009.

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2009 (A)	% to total loans and bills discounted		As of March 31, 2009 (B)	% to total loans and bills discounted		Increase (Decrease) (A) - (B)		% to total loans and bills discounted
Loans to bankrupt borrowers	103,115	0.14	%	118,869	0.16	%	(15,754	)	(0.01	)%
Non-accrual delinquent loans	723,483	1.04	%	646,784	0.87	%	76,698		0.16	%
Accruing loans contractually past due 3 months or more	11,747	0.01	%	15,650	0.02	%	(3,902	)	(0.00	)%
Restructured loans	263,912	0.38	%	262,530	0.35	%	1,382		0.02	%

Total risk monitored loans	1,102,258	1.58	%	1,043,834	1.41	%	58,423		0.17	%

Total loans and bills discounted	69,443,777			73,786,503			(4,342,726	)

Written-off	798,683			727,327			71,355

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2009 (A)	% to total risk monitored loans		As of March 31, 2009 (B)		% to total risk monitored loans		Increase (Decrease) (A) - (B)		% to total risk monitored loans
Allowance for credit losses	663,122	60.16	%	639,580		61.27	%	23,542		(1.11	)%
General allowance for credit losses	428,051			452,980				(24,929	)
Specific allowance for credit losses	234,115			185,463				48,651
Allowance for credit to specific foreign borrowers	955			1,135				(180	)

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area
	(in millions of yen)
	As of September 30, 2009 (A)	As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Domestic	997,453	967,445		30,007
Overseas	104,805	76,389		28,416
Asia	5,818	2,752		3,066
Indonesia	1,448	94		1,354
Thailand	852	1,671		(818	)
Hong Kong	99	102		(2	)
Other	3,417	884		2,533
United States of America	30,006	31,606		(1,599	)
Other	68,981	42,031		26,950

Total	1,102,258	1,043,834		58,423

Classified by Industry



		As of September 30, 2009
Domestic		997,453
Manufacturing		148,349
Construction		44,847
Wholesale and retail		122,029
Finance and insurance		2,644
Real estate, goods rental and leasing		258,100
Services		98,095
Other industries		157,235
Consumer		166,151
Overseas		104,805
Financial institutions		23,586
Commercial and industrial		81,162
Other		56

Total		1,102,258


		(in millions of yen)
		As of March 31, 2009
Domestic		967,445
Manufacturing		117,716
Construction		57,815
Wholesale and retail		127,539
Finance and insurance		9,005
Real estate		248,395
Services		120,361
Other industries		119,197
Consumer		167,412
Overseas		76,389
Financial institutions		15,146
Commercial and industrial		61,017
Other		225

Total		1,043,834

Note:

According to revision of Japan Standard Industrial Classification in November 2007, the classification is revised partially as of September 30, 2009.

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2009 (A)	% to total loans and bills discounted		As of March 31, 2009 (B)	% to total loans and bills discounted		Increase (Decrease) (A) - (B)		% to total loans and bills discounted
Loans to bankrupt borrowers	8,849	0.08	%	11,746	0.11	%	(2,897	)	(0.02	)%
Non-accrual delinquent loans	68,507	0.65	%	48,433	0.46	%	20,073		0.19	%
Accruing loans contractually past due 3 months or more	644	0.00	%	418	0.00	%	226		0.00	%
Restructured loans	10,219	0.09	%	13,459	0.12	%	(3,240	)	(0.03	)%

Total risk monitored loans	88,220	0.84	%	74,057	0.70	%	14,162		0.13	%

Total loans and bills discounted	10,476,933			10,472,280			4,652

Written-off	42,756			41,624			1,132

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2009 (A)	% to total risk monitored loans		As of March 31, 2009 (B)		% to total risk monitored loans		Increase (Decrease) (A) - (B)		% to total risk monitored loans
Allowance for credit losses	57,848	65.57	%	50,376		68.02	%	7,472		(2.45	)%
General allowance for credit losses	32,122			38,219				(6,096	)
Specific allowance for credit losses	25,725			12,156				13,568
Allowance for credit to specific foreign borrowers	—			—				—

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area

	(in millions of yen)
	As of September 30, 2009 (A)	As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Domestic	88,164	73,925		14,239
Overseas	55	132		(76	)
Asia	—	—		—
Indonesia	—	—		—
Thailand	—	—		—
Hong Kong	—	—		—
Other	—	—		—
United States of America	42	118		(76	)
Other	13	13		(0	)

Total	88,220	74,057		14,162

Classified by Industry



		As of September 30, 2009
Domestic		88,164
Manufacturing		4,491
Construction		1,320
Wholesale and retail		5,438
Finance and insurance		758
Real estate, goods rental and leasing		36,883
Services		2,396
Other industries		23,452
Consumer		13,424
Overseas		55
Financial institutions		—
Commercial and industrial		55
Other		—

Total		88,220


(in millions of yen)
		As of March 31, 2009
Domestic		73,925
Manufacturing		5,755
Construction		3,979
Wholesale and retail		3,720
Finance and insurance		1,927
Real estate		34,850
Services		3,977
Other industries		4,929
Consumer		14,787
Overseas		132
Financial institutions		—
Commercial and industrial		118
Other		13

Total		74,057

Note:

According to revision of Japan Standard Industrial Classification in November 2007, the classification is revised partially as of September 30, 2009.

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Accounts

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

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2009 (A)	% to total loans and bills discounted		As of March 31, 2009 (B)	% to total loans and bills discounted		Increase (Decrease) (A) - (B)		% to total loans and bills discounted
Loans to bankrupt borrowers	85	0.06	%	110	0.07	%	(24	)	(0.01	)%
Non-accrual delinquent loans	16	0.01	%	13	0.00	%	2		0.00	%
Accruing loans contractually past due 3 months or more	39	0.03	%	60	0.04	%	(20	)	(0.01	)%
Restructured loans	748	0.56	%	1,152	0.82	%	(404	)	(0.25	)%

Total risk monitored loans	890	0.67	%	1,337	0.95	%	(446	)	(0.28	)%

Total loans and bills discounted	132,077			139,753			(7,676	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2009 (A)	As of March 31, 2009 (B)	Increase (Decrease) (A) - (B)
Special internal reserves	554	777	(222	)
Allowance for bad debts	395	419	(23	)

(3) Classification of Risk-Monitored Loans

Classified by Industry



		As of September 30, 2009
Domestic		890
Manufacturing		—
Construction		—
Wholesale and retail		—
Finance and insurance		—
Real estate, goods rental and leasing		337
Services		—
Other industries		—
Consumer		552

Total		890


		(in millions of yen)
		As of March 31, 2009
Domestic		1,337
Manufacturing		—
Construction		—
Wholesale and retail		—
Finance and insurance		—
Real estate		557
Services		215
Other industries		—
Consumer		564

Total		1,337

Note:

According to revision of Japan Standard Industrial Classification in November 2007, the classification is revised partially as of September 30, 2009.

Mitsubishi UFJ Financial Group, Inc.

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

BTMU and MUTB combined including Trust Accounts

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

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2009 (A)		As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt	221,363		241,061		(19,698	)
Doubtful	737,429		656,043		81,385
Special Attention	287,133		292,845		(5,712	)

Non Performing Loans (1)	1,245,925		1,189,950		55,975

Normal	88,961,226		94,019,563		(5,058,337	)

Total	90,207,152		95,209,514		(5,002,361	)

Non Performing Loans / Total	1.38	%	1.24	%	0.13	%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2009 (A)		As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Covered amount (2)	942,336		916,267		26,069
Allowance for credit losses	346,674		288,475		58,199
Collateral, guarantees, etc.	595,661		627,791		(32,129	)
Coverage ratio (2) / (1)	75.63	%	77.00	%	(1.36	)%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount
(A)

Allowance for
credit losses
(B)

Covered by
collateral
and/or
guarantees
(C)

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

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

Bankrupt or De facto Bankrupt

221,363

7,941

213,421

100.00

[241,061

]

[8,126

]

[232,934

]

[100.00

Doubtful

737,429

249,464

307,788

75.56

[656,043

]

[190,129

]

[316,631

]

[77.24

Special Attention

287,133

89,268

74,451

57.01

[292,845

]

[90,219

]

[78,225

]

[57.51

Total

1,245,925

346,674

595,661

75.63

[1,189,950

]

[288,475

]

[627,791

]

[77.00

Note:

The upper figures are as of September 30, 2009. The lower figures with bracket are as of March 31, 2009.

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2009 (A)		As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt	208,164		221,742		(13,577	)
Doubtful	672,320		614,186		58,134
Special Attention	275,660		278,180		(2,520	)

Non Performing Loans (1)	1,156,145		1,114,109		42,036

Normal	78,236,972		83,223,170		(4,986,197	)

Total	79,393,117		84,337,279		(4,944,161	)

Non Performing Loans / Total	1.45	%	1.32	%	0.13	%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2009 (A)		As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Covered amount (2)	869,319		854,031		15,287
Allowance for credit losses	318,853		273,809		45,043
Collateral, guarantees, etc.	550,465		580,221		(29,755	)
Coverage ratio (2) / (1)	75.19	%	76.65	%	(1.46	)%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount
(A)

Allowance for
credit losses
(B)

Covered by
collateral
and/or
guarantees
(C)

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

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

Bankrupt or De facto Bankrupt

208,164

7,292

200,872

100.00

[221,742

]

[7,051

]

[214,691

]

[100.00

Doubtful

672,320

225,120

281,666

57.62

75.37

[614,186

]

[179,899

]

[293,263

]

[56.05

[77.03

Special Attention

275,660

86,439

67,927

41.61

55.99

[278,180

]

[86,858

]

[72,266

]

[42.18

[57.20

Total

1,156,145

318,853

550,465

52.64

75.19

[1,114,109

]

[273,809

]

[580,221

]

[51.28

[76.65

Note: The upper figures are as of September 30, 2009. The lower figures with bracket are as of March 31, 2009.

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2009 (A)		As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt	13,063		19,158		(6,094	)
Doubtful	64,961		41,572		23,389
Special Attention	10,864		13,772		(2,908	)

Non Performing Loans (1)	88,889		74,502		14,386

Normal	10,593,068		10,657,977		(64,909	)

Total	10,681,957		10,732,480		(50,523	)

Non Performing Loans / Total	0.83	%	0.69	%	0.13	%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2009 (A)		As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Covered amount (2)	72,268		61,112		11,155
Allowance for credit losses	27,821		14,665		13,155
Collateral, guarantees, etc.	44,447		46,446		(1,999	)
Coverage ratio (2) / (1)	81.30	%	82.02	%	(0.72	)%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount
(A)

Allowance for
credit losses
(B)

Covered by
collateral
and/or
guarantees
(C)

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

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

Bankrupt or De facto Bankrupt

13,063

648

12,414

100.00

[19,158

]

[1,075

]

[18,082

]

[100.00

Doubtful

64,961

24,343

25,975

62.44

77.45

[41,572

]

[10,230

]

[23,082

]

[55.32

[80.13

Special Attention

10,864

2,828

6,057

58.84

81.79

[13,772

]

[3,360

]

[5,281

]

[39.57

[62.74

Total

88,889

27,821

44,447

62.60

81.30

[74,502

]

[14,665

]

[46,446

]

[52.27

[82.02

Note: The upper figures are as of September 30, 2009. The lower figures with bracket are as of March 31, 2009.

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Accounts

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

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2009 (A)		As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt	134		160		(25	)
Doubtful	147		284		(137	)
Special Attention	608		892		(283	)

Non Performing Loans (1)	890		1,337		(446	)

Normal	131,186		138,416		(7,229	)

Total	132,077		139,753		(7,676	)

Non Performing Loans / Total	0.67	%	0.95	%	(0.28	)%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2009 (A)		As of March 31, 2009 (B)		Increase (Decrease) (A) - (B)
Covered amount (2)	748		1,123		(374	)
Allowance for credit losses	—		—		—
Collateral, guarantees, etc.	748		1,123		(374	)
Coverage ratio (2) / (1)	84.03	%	83.96	%	0.07	%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount
(A)

Allowance for
credit losses
(B)

Covered by
collateral
and/or
guarantees
(C)

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

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

Bankrupt or De facto Bankrupt

134

—

134

100.00

[160

]

[—

]

[160

]

[100.00

Doubtful

147

—

146

99.59

[284

]

[—

]

[284

]

[100.00

Special Attention

608

—

467

76.73

[892

]

[—

]

[677

]

[75.96

Total

890

—

748

84.03

[1,337

]

[—

]

[1,123

]

[83.96

Note: The upper figures are as of September 30, 2009. The lower figures with bracket are as of March 31, 2009.

Mitsubishi UFJ Financial Group, Inc.

9. Progress in Disposition of Problem Assets

BTMU, MUTB and MU Strategic Partner, Co., Ltd. (“MUSP”) Combined including Trust Accounts

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

(A) Historical Trend of Problem Assets Based on the “FRL”


	(in billions of yen)
	As of September 30, 2006	As of March 31, 2007	As of September 30, 2007	As of March 31, 2008	As of September 30, 2008	As of March 31, 2009 (a)	As of September 30, 2009 (b)	(b) - (a)
Bankrupt or De facto Bankrupt	125.2	116.3	106.7	117.8	149.4	241.1	221.4	(19.7	)
Doubtful	500.4	652.3	723.2	560.3	725.0	660.0	741.3	81.2

Total	625.7	768.6	829.9	678.1	874.4	901.2	962.7	61.5


(1) Assets categorized as problem assets based on the “FRL” prior to September 30, 2006

Bankrupt or De facto Bankrupt	125.2	93.4	59.5	51.0	45.6	38.3	32.5	(5.8	)
Doubtful	500.4	323.5	217.3	177.5	144.9	128.4	108.7	(19.7	)

Total	625.7	417.0	276.9	228.5	190.5	166.8	141.2	(25.5	)


(2) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2006

Bankrupt or De facto Bankrupt		22.8	19.2	14.5	10.4	9.1	8.4	(0.7	)
Doubtful		328.7	221.4	39.0	28.2	20.2	14.0	(6.2	)

Total		351.6	240.6	53.5	38.6	29.4	22.4	(6.9	)


(3) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2007

Bankrupt or De facto Bankrupt			27.9	23.1	18.8	26.4	13.2	(13.2	)
Doubtful			284.4	151.4	84.2	42.7	30.9	(11.8	)

Total			312.3	174.5	103.0	69.2	44.2	(25.0	)


(4) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2007

Bankrupt or De facto Bankrupt				29.0	25.1	18.5	13.6	(4.8	)
Doubtful				192.4	84.7	52.2	35.5	(16.7	)

Total				221.4	109.8	70.7	49.2	(21.5	)


(5) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2008

Bankrupt or De facto Bankrupt					49.4	80.8	61.0	(19.7	)
Doubtful					382.9	145.0	92.0	(53.0	)

Total					432.3	225.8	153.0	(72.8	)


(6) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2008

Bankrupt or De facto Bankrupt						67.7	55.1	(12.6	)
Doubtful						271.2	110.0	(161.1	)

Total						339.0	165.2	(173.7	)


(7) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2009

Bankrupt or De facto Bankrupt							37.2
Doubtful							350.0

Total							387.2

(B) Progress in Disposition of Problem Assets of the Six Months Ended September 30, 2009


	(in billions of yen)
	Time of categorization						Total
	prior to Sep. 30, 2006	the 2nd half of fiscal 2006	the 1st half of fiscal 2007	the 2nd half of fiscal 2007	the 1st half of fiscal 2008	the 2nd half of fiscal 2008	Total
Liquidation	0.2	0.0	0.3	1.3	6.3	9.0	17.3
Re-constructive treatment	0.5	0.0	0.9	1.0	8.3	25.3	36.3
Upgrade due to re-constructive treatment	—	—	—	—	—	11.2	11.2
Loan sales to secondary market	0.0	0.0	0.0	0.8	3.4	0.2	4.5
Write-offs	2.6	2.1	1.2	8.5	15.8	47.5	78.0
Other	22.1	4.7	22.5	9.7	38.7	80.2	178.1
Collection / Repayment	11.7	1.9	18.1	1.6	26.3	36.0	95.9
Upgraded	10.3	2.8	4.3	8.0	12.4	44.1	82.1

Total	25.5	6.9	25.0	21.5	72.8	173.7	325.7

(C) Amount of Outstanding Problem Assets Which Is in Process for Disposition as of September 30, 2009


	(in billions of yen)
	Time of categorization							Total
	prior to Sep. 30, 2006	the 2nd half of fiscal 2006	the 1st half of fiscal 2007	the 2nd half of fiscal 2007	the 1st half of fiscal 2008	the 2nd half of fiscal 2008	the 1st half of fiscal 2009	Total
Legal liquidation	7.7	5.2	6.7	8.0	45.9	29.3	13.5	116.5
Quasi-legal liquidation	0.6	0.4	0.7	—	0.3	—	—	2.3
Split-off of problem loans	—	—	—	—	—	—	—	—
Partial write-off of small balance loans	21.4	2.7	5.7	5.6	13.8	16.7	14.7	80.9
Entrusted to the RCC	—	—	—	—	—	—	—	—

Total	29.9	8.4	13.1	13.6	60.1	46.0	28.2	199.7

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUSP Combined

(A) Historical Trend of Problem Assets Based on the “FRL”


	(in billions of yen)
	As of September 30, 2006	As of March 31, 2007	As of September 30, 2007	As of March 31, 2008	As of September 30, 2008	As of March 31, 2009 (a)	As of September 30, 2009 (b)	(b) - (a)
Bankrupt or De facto Bankrupt	117.3	107.7	94.8	108.8	136.1	221.8	208.2	(13.5	)
Doubtful	459.1	579.9	652.0	514.5	690.9	618.2	676.2	58.0

Total	576.4	687.7	746.8	623.4	827.1	840.0	884.4	44.4


(1) Assets categorized as problem assets based on the “FRL” prior to September 30, 2006

Bankrupt or De facto Bankrupt	117.3	85.8	55.3	46.8	42.4	35.1	30.6	(4.5	)
Doubtful	459.1	295.3	198.0	165.7	134.9	120.4	101.1	(19.3	)

Total	576.4	381.2	253.4	212.6	177.3	155.6	131.7	(23.9	)


(2) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2006

Bankrupt or De facto Bankrupt		21.8	18.0	14.2	10.1	8.8	8.1	(0.6	)
Doubtful		284.6	198.1	33.4	23.6	16.1	10.4	(5.6	)

Total		306.4	216.1	47.6	33.7	24.9	18.6	(6.3	)


(3) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2007

Bankrupt or De facto Bankrupt			21.3	18.9	14.7	23.4	12.4	(11.0	)
Doubtful			255.8	129.0	80.6	41.6	29.9	(11.6	)

Total			277.2	148.0	95.4	65.0	42.3	(22.7	)


(4) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2007

Bankrupt or De facto Bankrupt				28.7	24.6	18.2	13.4	(4.7	)
Doubtful				186.3	80.3	47.9	32.3	(15.6	)

Total				215.1	104.9	66.2	45.8	(20.3	)


(5) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2008

Bankrupt or De facto Bankrupt					44.2	71.0	53.6	(17.4	)
Doubtful					371.3	140.5	87.7	(52.8	)

Total					415.5	211.6	141.3	(70.2	)


(6) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2008

Bankrupt or De facto Bankrupt						65.0	53.6	(11.3	)
Doubtful						251.4	96.3	(155.1	)

Total						316.5	150.0	(166.4	)


(7) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2009

Bankrupt or De facto Bankrupt							36.2
Doubtful							318.2

Total							354.5

(B) Progress in Disposition of Problem Assets of the Six Months Ended September 30, 2009


	(in billions of yen)
	Time of categorization						Total
	prior to Sep. 30, 2006	the 2nd half of fiscal 2006	the 1st half of fiscal 2007	the 2nd half of fiscal 2007	the 1st half of fiscal 2008	the 2nd half of fiscal 2008	Total
Liquidation	0.2	0.0	0.3	1.3	6.3	9.0	17.3
Re-constructive treatment	0.5	0.0	0.9	1.0	8.3	25.3	36.3
Upgrade due to re-constructive treatment	—	—	—	—	—	11.2	11.2
Loan sales to secondary market	0.0	0.0	0.0	0.8	3.4	0.2	4.5
Write-offs	2.5	2.0	1.2	8.5	13.8	47.1	75.5
Other	20.5	4.1	20.1	8.5	38.2	73.3	164.9
Collection / Repayment	10.2	1.8	15.8	1.5	25.8	31.4	86.7
Upgraded	10.2	2.3	4.2	7.0	12.4	41.8	78.2

Total	23.9	6.3	22.7	20.3	70.2	166.4	310.0

(C) Amount of Outstanding Problem Assets Which Is in Process for Disposition as of September 30, 2009


	(in billions of yen)
	Time of categorization
	prior to Sep. 30, 2006	the 2nd half of fiscal 2006	the 1st half of fiscal 2007	the 2nd half of fiscal 2007	the 1st half of fiscal 2008	the 2nd half of fiscal 2008	the 1st half of fiscal 2009	Total
Legal liquidation	7.2	5.1	6.6	7.9	39.1	28.2	12.9	107.5
Quasi-legal liquidation	—	—	—	—	—	—	—	—
Split-off of problem loans	—	—	—	—	—	—	—	—
Partial write-off of small balance loans	20.0	2.5	5.6	5.5	13.1	16.2	14.4	77.6
Entrusted to the RCC	—	—	—	—	—	—	—	—

Total	27.3	7.6	12.3	13.4	52.3	44.5	27.4	185.1

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated including Trust Accounts

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

(A) Historical Trend of Problem Assets Based on the “FRL”


	(in billions of yen)
	As of September 30, 2006	As of March 31, 2007	As of September 30, 2007	As of March 31, 2008	As of September 30, 2008	As of March 31, 2009 (a)	As of September 30, 2009 (b)	(b) - (a)
Bankrupt or De facto Bankrupt	7.9	8.5	11.9	9.0	13.2	19.3	13.1	(6.1	)
Doubtful	41.3	72.3	71.1	45.7	34.1	41.8	65.1	23.2

Total	49.2	80.9	83.0	54.7	47.3	61.1	78.3	17.1


(1) Assets categorized as problem assets based on the “FRL” prior to September 30, 2006

Bankrupt or De facto Bankrupt	7.9	7.5	4.2	4.2	3.1	3.1	1.9	(1.2	)
Doubtful	41.3	28.2	19.2	11.7	9.9	8.0	7.5	(0.4	)

Total	49.2	35.7	23.4	15.9	13.1	11.1	9.5	(1.6	)


(2) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2006

Bankrupt or De facto Bankrupt		0.9	1.1	0.3	0.3	0.3	0.3	(0.0	)
Doubtful		44.1	23.2	5.5	4.5	4.1	3.5	(0.6	)

Total		45.1	24.4	5.9	4.8	4.5	3.8	(0.6	)


(3) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2007

Bankrupt or De facto Bankrupt			6.5	4.1	4.0	3.0	0.8	(2.1	)
Doubtful			28.6	22.3	3.5	1.1	0.9	(0.1	)

Total			35.1	26.4	7.5	4.1	1.8	(2.3	)


(4) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2007

Bankrupt or De facto Bankrupt				0.2	0.4	0.2	0.2	(0.0	)
Doubtful				6.0	4.4	4.2	3.2	(1.0	)

Total				6.3	4.9	4.5	3.4	(1.1	)


(5) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2008

Bankrupt or De facto Bankrupt					5.2	9.7	7.4	(2.3	)
Doubtful					11.5	4.5	4.2	(0.2	)

Total					16.7	14.2	11.6	(2.5	)


(6) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2008

Bankrupt or De facto Bankrupt						2.7	1.5	(1.2	)
Doubtful						19.7	13.7	(6.0	)

Total						22.5	15.2	(7.2	)


(7) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2009

Bankrupt or De facto Bankrupt							0.9
Doubtful							31.8

Total							32.7

(B) Progress in Disposition of Problem Assets of the Six Months Ended September 30, 2009


	(in billions of yen)
	Time of categorization						Total
	prior to Sep. 30, 2006	the 2nd half of fiscal 2006	the 1st half of fiscal 2007	the 2nd half of fiscal 2007	the 1st half of fiscal 2008	the 2nd half of fiscal 2008	Total
Liquidation	—	0.0	—	—	—	—	0.0
Re-constructive treatment	—	—	—	—	—	—	—
Upgrade due to re-constructive treatment	—	—	—	—	—	—	—
Loan sales to secondary market	—	—	—	—	—	—	—
Write-offs	0.0	0.0	—	—	2.0	0.4	2.4
Other	1.6	0.6	2.3	1.1	0.5	6.8	13.1
Collection / Repayment	1.5	0.1	2.2	0.1	0.4	4.6	9.2
Upgraded	0.1	0.5	0.0	0.9	0.0	2.2	3.9

Total	1.6	0.6	2.3	1.1	2.5	7.2	15.6

(C) Amount of Outstanding Problem Assets Which Is in Process for Disposition as of September 30, 2009


	(in billions of yen)
	Time of categorization							Total
	prior to Sep. 30, 2006	the 2nd half of fiscal 2006	the 1st half of fiscal 2007	the 2nd half of fiscal 2007	the 1st half of fiscal 2008	the 2nd half of fiscal 2008	the 1st half of fiscal 2009	Total
Legal liquidation	0.4	0.0	0.0	0.0	6.7	1.0	0.5	8.9
Quasi-legal liquidation	0.6	0.4	0.7	—	0.3	—	—	2.3
Split-off of problem loans	—	—	—	—	—	—	—	—
Partial write-off of small balance loans	1.4	0.2	0.0	0.1	0.6	0.4	0.2	3.2
Entrusted to the RCC	—	—	—	—	—	—	—	—

Total	2.6	0.7	0.8	0.2	7.8	1.5	0.8	14.5

Mitsubishi UFJ Financial Group, Inc.

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

BTMU and MUTB Combined including Trust Accounts

(1) Loans Classified by Type of Industry



		As of September 30, 2009
Domestic offices (excluding loans booked at offshore markets)		67,945,609

Manufacturing		10,320,936
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		131,793

Construction		1,308,899
Utilities		690,254
Communication and information services		1,045,621
Transport and postal activities		2,925,647
Wholesale and retail		6,891,285
Finance and insurance		8,158,256
Real estate, goods rental and leasing		11,943,260
Services		3,424,795
Municipal government		906,853
Other industries		20,197,996

Overseas offices and loans booked at offshore markets		12,150,297


Total		80,095,907


(in millions of yen)
		As of March 31, 2009
Domestic offices (excluding loans booked at offshore markets)		70,204,184

Manufacturing		10,266,959
Agriculture		23,064
Forestry		13,520
Fishery		7,002
Mining		87,392
Construction		1,456,461
Utilities		626,406
Communication and information services		1,832,270
Wholesale and retail		7,292,069
Finance and insurance		8,486,197
Real estate		10,209,709
Services		5,585,413
Municipal government		912,377
Other industries		23,405,332

Overseas offices and loans booked at offshore markets		14,254,383

Total		84,458,568

Note: According to revision of Japan Standard Industrial Classification in November 2007, the classification is revised partially as of September 30, 2009.

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2009 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Total domestic consumer loans	18,130,377		(102,426	)	18,232,804

Housing loans	17,301,571		(62,642	)	17,364,214
Residential purpose	13,747,663		(577	)	13,748,240

Other	828,806		(39,783	)	868,590


(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

	(in millions of yen)
	As of September 30, 2009 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Outstanding amount	41,405,866		(1,458,936	)	42,864,802
% to total domestic loans	60.93	%	(0.11	)%	61.05	%

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Loans Classified by Type of Industry



		As of September 30, 2009
Domestic offices (excluding loans booked at offshore markets)		57,659,734

Manufacturing		8,184,287
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		125,653
Construction		1,123,636
Utilities		435,410
Communication and information services		804,369
Transport and postal activities		2,162,125
Wholesale and retail		6,103,288
Finance and insurance		6,417,089
Real estate, goods rental and leasing		9,271,760
Services		3,047,956
Municipal government		860,288
Other industries		19,123,873

Overseas offices and loans booked at offshore markets		11,784,043

Total		69,443,777


		(in millions of yen)
		As of March 31, 2009
Domestic offices (excluding loans booked at offshore markets)		59,943,079

Manufacturing		8,235,192
Agriculture		22,571
Forestry		13,520
Fishery		7,002
Mining		81,846
Construction		1,252,304
Utilities		391,468
Communication and information services		834,447
Wholesale and retail		6,532,997
Finance and insurance		6,646,040
Real estate		8,197,371
Services		4,606,847
Municipal government		864,581
Other industries		22,256,893

Overseas offices and loans booked at offshore markets		13,843,424

Total		73,786,503

Note: According to revision of Japan Standard Industrial Classification in November 2007, the classification is revised partially as of September 30, 2009.

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2009 (A)	Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Total domestic consumer loans	17,018,198	(84,342	)	17,102,540

Housing loans	16,207,432	(46,360	)	16,253,792
Residential purpose	12,986,796	4,942		12,981,853

Other	810,766	(37,982	)	848,748

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors


	(in millions of yen)
	As of September 30, 2009 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Outstanding amount	36,805,079		(1,131,643	)	37,936,722
% to total domestic loans	63.83	%	0.54	%	63.28	%

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Loans Classified by Type of Industry



		As of September 30, 2009
Domestic offices (excluding loans booked at offshore markets)		10,110,678

Manufacturing		2,135,715
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		6,140
Construction		185,263
Utilities		254,383
Communication and information services		241,252
Transport and postal activities		759,347
Wholesale and retail		787,997
Finance and insurance		1,741,167
Real estate, goods rental and leasing		2,642,835
Services		374,839
Municipal government		24,353
Other industries		957,377

Overseas offices and loans booked at offshore markets		366,254

Total		10,476,933


		(in millions of yen)
		As of March 31, 2009
Domestic offices (excluding loans booked at offshore markets)		10,061,321

Manufacturing		2,030,736
Agriculture		493
Forestry		—
Fishery		—
Mining		5,546
Construction		204,157
Utilities		234,246
Communication and information services		993,096
Wholesale and retail		759,072
Finance and insurance		1,840,157
Real estate		1,980,748
Services		976,128
Municipal government		24,549
Other industries		1,012,385

Overseas offices and loans booked at offshore markets		410,959

Total		10,472,280

Note: According to revision of Japan Standard Industrial Classification in November 2007, the classification is revised partially as of September 30, 2009.

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2009 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Total domestic consumer loans	1,035,840		(15,019	)	1,050,859

Housing loans	1,018,451		(13,309	)	1,031,761
Residential purpose	688,502		(3,069	)	691,571

Other	17,388		(1,709	)	19,098


(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

	(in millions of yen)
	As of September 30, 2009 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Outstanding amount	4,453,421		(304,610	)	4,758,031
% to total domestic loans	44.04	%	(3.24	)%	47.29	%

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry



		As of September 30, 2009
Domestic offices (excluding loans booked at offshore markets)		175,196

Manufacturing		934
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—
Construction		—
Utilities		461
Communication and information services		—
Transport and postal activities		4,175
Wholesale and retail		—
Finance and insurance		—
Real estate, goods rental and leasing		28,665
Services		2,000
Municipal government		22,212
Other industries		116,746

Overseas offices and loans booked at offshore markets		—

Total		175,196


		(in millions of yen)
		As of March 31, 2009
Domestic offices (excluding loans booked at offshore markets)		199,784

Manufacturing		1,031
Agriculture		—
Forestry		—
Fishery		—
Mining		—
Construction		—
Utilities		692
Communication and information services		4,727
Wholesale and retail		—
Finance and insurance		—
Real estate		31,590
Services		2,438
Municipal government		23,247
Other industries		136,054

Overseas offices and loans booked at offshore markets		—

Total		199,784

Note: According to revision of Japan Standard Industrial Classification in November 2007, the classification is revised partially as of September 30, 2009.

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2009 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Total domestic consumer loans	76,339		(3,064	)	79,403

Housing loans	75,687		(2,972	)	78,659
Residential purpose	72,364		(2,450	)	74,814

Other	652		(92	)	744


(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

	(in millions of yen)
	As of September 30, 2009 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Outstanding amount	147,366		(22,683	)	170,049
% to total domestic loans	84.11	%	(1.00	)%	85.11	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BTMU and MUTB Combined

(1) Loans to Asian Countries


	(in millions of yen)
	As of September 30, 2009 (A)	Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Thailand	481,826	(24,547	)	506,373
Indonesia	268,182	(12,309	)	280,491
Malaysia	230,883	(55,327	)	286,210
Philippines	62,900	(9,784	)	72,685
South Korea	238,261	9,269		228,991
Singapore	653,812	(37,374	)	691,187
Hong Kong	738,478	(118,764	)	857,242
China	46,118	(31,872	)	77,991
Taiwan	129,469	(6,855	)	136,324
Other	403,366	(3,248	)	406,614

Total	3,253,299	(290,813	)	3,544,113

(2) Loans to Latin American Countries

	(in millions of yen)
	As of September 30, 2009 (A)	Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Argentina	1,878	(1,090	)	2,968
Brazil	144,356	(16,245	)	160,602
Mexico	102,048	(17,230	)	119,278
Caribbean countries	902,978	(43,877	)	946,855
Other	102,241	(43,720	)	145,961

Total	1,253,502	(122,164	)	1,375,666

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2009 (A)	Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Deposits (ending balance)	113,528,338	352,765		113,175,572
Deposits (average balance)	112,664,537	1,886,425		110,778,112
Loans (ending balance)	79,920,710	(4,338,073	)	84,258,784
Loans (average balance)	81,955,206	758,696		81,196,509
BTMU Non-consolidated
	(in millions of yen)
	As of September 30, 2009 (A)	Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Deposits (ending balance)	100,488,998	280,020		100,208,977
Deposits (average balance)	99,545,423	1,675,733		97,869,689
Loans (ending balance)	69,443,777	(4,342,726	)	73,786,503
Loans (average balance)	71,822,951	372,981		71,449,969
MUTB Non-consolidated
	(in millions of yen)
	As of September 30, 2009 (A)	Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Deposits (ending balance)	13,039,339	72,745		12,966,594
Deposits (average balance)	13,119,113	210,691		12,908,422
Loans (ending balance)	10,476,933	4,652		10,472,280
Loans (average balance)	10,132,255	385,715		9,746,540

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2009 (A)	Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Individuals	62,844,440	(37,197	)	62,881,637
Corporations and others	40,011,948	(1,199,781	)	41,211,729
Domestic deposits	102,856,389	(1,236,978	)	104,093,367
Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

BTMU Non-consolidated

	(in millions of yen)
	As of September 30, 2009 (A)	Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Individuals	53,867,199	(30,825	)	53,898,024
Corporations and others	36,692,444	(1,143,190	)	37,835,635
Domestic deposits	90,559,643	(1,174,015	)	91,733,659
Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

MUTB Non-consolidated

	(in millions of yen)
	As of September 30, 2009 (A)	Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Individuals	8,977,241	(6,372	)	8,983,613
Corporations and others	3,319,504	(56,590	)	3,376,094
Domestic deposits	12,296,746	(62,962	)	12,359,708

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

Mitsubishi UFJ Financial Group, Inc.

14. Status of Deferred Tax Assets

BTMU Non-consolidated

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


	(in billions of yen)
	As of September 30, 2009 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Deferred tax assets	1,116.8		(161.7	)	1,278.6
Allowance for credit losses	464.4		27.3		437.1
Net operating losses carried forwards	389.8		(60.0	)	449.8
Write-down on investment securities	306.0		(53.1	)	359.2
Unrealized losses on other securities	101.6		(240.2	)	341.8
Reserve for retirement benefits	77.0		4.0		73.0
Other	453.5		(13.0	)	466.5
Valuation allowance	(675.7	)	173.2		(849.0	)
Deferred tax liabilities	435.6		110.1		325.5
Unrealized gains on other securities	189.0		92.2		96.8
Net deferred gains on hedges	83.8		(0.5	)	84.3
Revaluation gains on securities upon merger	69.7		25.2		44.4
Gains on securities contributed to employee retirement benefits trust	65.9		(0.0	)	66.0
Other	27.0		(6.8	)	33.8
Net deferred tax assets	681.2		(271.8	)	953.1

(2) Net Business Profits before Credit Costs and Taxable Income


	(in billions of yen)
	FY2004		FY2005		FY2006		FY2007		FY2008		Interim FY2009
Net business profits before credit costs	1,201.4		1,087.7		899.7		828.2		710.8		408.0
Credit costs	892.4		(485.9	)	38.7		107.2		424.0		213.6
Income before income taxes	(47.3	)	1,612.7		958.0		687.0		(195.1	)	137.3
Reconciliation to taxable income	(311.4	)	(1,403.1	)	(401.6	)	(123.1	)	789.1		12.0
Taxable income	(358.8	)	209.5		556.3		563.9		593.9		149.3

The amounts presented for FY2004 include amounts of former The Bank of Tokyo-Mitsubishi, Ltd. and former UFJ Bank Limited. The amounts presented for FY2005 include amounts of BTMU and former UFJ Bank Limited.

(3) Classification Based on Prior Year Operating Results as Provided in the JICPA Audit Committee Report No.66

Although we recorded taxable income for the six months ended September 30, 2009, we are classified as “4” described above since we have material net operating losses carried forwards. However since we believe the net operating losses carried forwards are attributable to extraordinary factors such as changes in laws and regulations, we apply the exception to classification 4. (Five years’ future taxable income is estimable.)

[Extraordinary Factors Such as Changes in Laws and Regulations]

Our net operating losses carried forwards were incurred due to, among other things, the followings : (i) we accelerated the final disposition of non performing loans in response to both the “Emergency Economic Package”, which provided guidance to major banks to remove claims to debtors classified as “likely to become bankrupt” or below from their balance sheets, and the “Program for Financial Revival”, which urged major banks to reduce the ratio of non performing loans to total claims by about half; and (ii) we reduced our holdings of strategic equity investments under the “Law Concerning Restriction, etc. of Banks’ Shareholdings etc”.

(4) Collectability of Deferred Tax Assets at September 30, 2009 (Assumptions)


		(in billions of yen)
		Five years total (from 2nd half of FY2009 to 1st half of FY2014)
Net business profits (*1)		4,159.6
Income before income taxes		2,097.0
Taxable income before adjustments (*2)		3,226.6
Temporary difference + Net operating losses carried forwards (for which deferred tax assets shall be recognized)		2,613.2
Deferred tax assets as of September 30, 2009		1,116.8

(*1)	Before provision for general allowance for credit losses. Net business profits in this table was estimated by using more conservative assumptions than those used in our business plans.

(*2)	Before reversals of existing deductible temporary differences and net operating losses carried forwards.

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

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


	(in billions of yen)
	As of September 30, 2009 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2009 (B)
Deferred tax assets	64.1		(88.2	)	152.3
Write-down on investment securities	91.8		(9.1	)	100.9
Net operating losses carried forwards	29.9		(23.5	)	53.4
Allowance for credit losses	26.5		13.5		13.0
Unrealized losses on other securities	15.5		(78.9	)	94.5
Other	53.4		(1.5	)	55.0
Valuation allowance	(153.2	)	11.3		(164.6	)
Deferred tax liabilities	52.3		9.7		42.5
Unrealized gains on other securities	21.2		11.3		9.8
Reserve for retirement benefits	19.2		(2.5	)	21.7
Other	11.8		0.8		10.9
Net deferred tax assets	11.7		(98.0	)	109.8

(2) Net Business Profits before Credit Costs and Taxable Income


	(in billions of yen)
	FY2004	FY2005		FY2006		FY2007		FY2008		Interim FY2009
Net business profits before credit costs	271.1	252.6		274.3		187.2		131.5		52.9
Credit costs	81.7	(45.8	)	1.7		(21.0	)	(33.9	)	10.3
Income before income taxes	143.1	306.9		284.0		197.3		88.1		33.8
Reconciliation to taxable income	14.1	(212.0	)	(142.9	)	(26.3	)	(16.0	)	26.9
Taxable income	157.3	94.8		141.1		170.9		72.0		60.7

The amounts presented for FY2004 include amounts of former The Mitsubishi Trust and Banking Corporation and former UFJ Trust Bank Limited. The amounts presented for FY2005 include amounts of MUTB and former UFJ Trust Bank Limited.

(3) Classification Based on Prior Year Operating Results as Provided in the JICPA Audit Committee Report No.66

[Extraordinary Factors Such as Changes in Laws and Regulations]

(4) Collectability of Deferred Tax Assets at September 30, 2009 (Assumptions)


		(in billions of yen)
		Five years total (from 2nd half of FY2009 to 1st half of FY2014)
Net business profits (*1)		500.0
Income before income taxes		230.9
Taxable income before adjustments (*2)		327.1
Temporary difference + Net operating losses carried forwards (for which deferred tax assets shall be recognized)		119.0
Deferred tax assets as of September 30, 2009		64.1

(*1)	Before provision for general allowance for credit losses. Net business profits in this table was estimated by using more conservative assumptions than those used in our business plans.

(*2)	Before reversals of existing deductible temporary differences and net operating losses carried forwards.

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of September 30, 2009 is outlined below. (Figures are on a managerial basis and rounded off.)

[Balance, net unrealized gains (losses), realized losses]

•

The balance as of the end of September 2009 decreased to ¥1.98 trillion in total, a decrease of ¥0.31 trillion compared with the balance as of the end of March 2009, mainly due to sales of securitized products, which have risk of being downgraded or deteriorated, and redemptions.

•

Net unrealized losses were ¥206 billion, improved by ¥178 billion compared with those at the end of March 2009.

•

The effect on the P/L for the six months ended September 30, 2009 was a loss of ¥16 billion, mainly due to losses on the sales of securitized products as described above.


		(¥bn)
								of which securities being held to maturity²
		Balance¹	Change from end of March 2009		Net unrealized gains (losses)		Change from end of March 2009	Balance	Net unrealized gains (losses)
1	RMBS	106	(92	)	(6	)	41	0	0
2	Sub-prime RMBS	34	(16	)	0		9	0	0
3	CMBS	25	(3	)	(2	)	0	0	0
4	CLOs	1,567	(129	)	(186	)	100	1,229	(145	)
5	Other securitized products (card, etc.)	273	(80	)	(10	)	36	28	(1	)
6	CDOs	13	(6	)	(2	)	0	4	(1	)
7	Sub-prime ABS CDOs	0	0		0		0	0	0
8	SIV investments	0	0		0		0	0	0

9	Total	1,983	(310	)	(206	)	178	1,260	(147	)

Balance is the amount after impairment and before deducting net unrealized losses. The above table does not include mortgage-backed securities arranged and guaranteed by U.S. government sponsored enterprises, etc., Japanese RMBS such as Japanese Housing Finance Agency securities, and products held by funds such as investment trusts. These are also applicable to the tables in this document.

Following the publication of “Tentative Solution on Reclassification of Debt Securities” (Practical Issue Task Force No. 26, The Accounting Standards Board of Japan, December 5, 2008), some of our securitized products were reclassified into “securities being held to maturity” from “securities available-for-sale” at and after the end of January 2009. The balance and net unrealized gains (losses) of the securities being held to maturity in the above table are based on book value before reclassification.

[Distribution by rating]

•

AAA-rated products account for 76% of our investments in securitized products.


		(¥bn)
		AAA		AA		A		BBB		BB or lower		Unrated		Total
10	RMBS	41		14		15		17		18		0		106
11	Sub-prime RMBS	20		5		2		6		2		0		34
12	CMBS	13		7		3		1		1		0		25
13	CLOs	1,247		84		68		80		87		1		1,567
14	Other securitized products (card, etc.)	197		34		13		24		4		0		273
15	CDOs	6		2		1		0		4		0		13
16	Sub-prime ABS CDOs	0		0		0		0		0		0		0
17	SIV investments	0		0		0		0		0		0		0

18	Total	1,504		141		101		122		114		1		1,983

19	Percentage of total	76	%	7	%	5	%	6	%	6	%	0	%	100	%
20	Percentage of total (End of March 2009)	79	%	7	%	5	%	6	%	4	%	0	%	100	%

Mitsubishi UFJ Financial Group, Inc.

[Credit exposure related to leveraged loan]

•

We are not engaged in origination or distribution of securitized products of leveraged loans, and therefore, there is no balance of leveraged loans for securitization.

•

The following table shows the balances of LBO loans as of the end of September 2009.


	(¥bn)
	Americas	Europe	Asia	Japan	Total	Change from end of March 2009
1 LBO Loan³(Balance on a commitment basis)	57	142	44	276	518	(39	)
2 Balance on a booking basis	37	126	41	248	452	(23	)

3.	Includes balance after refinancing. (Figures are rounded off.)

[Special Purpose Entities (SPEs)]

•

We are engaged in sponsoring ABCP issuance for securitizing our clients’ assets.

•

The balance of assets purchased by ABCP conduits (special purpose companies for issuing ABCP) as of the end of September 2009 was ¥3.74 trillion (¥0.97 trillion overseas).

•

The purchased assets are mainly receivables and they do not include residential mortgages.

[Monoline insurer related]

•

There is no credit outstanding and credit derivative transactions with monoline insurers.


RMBS		: Asset-backed securities collateralized by residential mortgages
CMBS		: Asset-backed securities collateralized by commercial mortgages
CLOs		: Collateralized debt obligations backed by whole commercial loans, revolving credit facilities, or letters of credit
CDOs		: Structured credit securities backed by a pool of securities, loans, or credit default swaps
ABS CDOs		: Collateralized debt obligations backed by asset backed securities
SIVs		: Investment companies established mainly for gaining profit margin by raising funds through subordinated notes and short-term CPs, etc. and investing in relatively long-term securitized products and bonds, etc.
LBO Loans		: Loans collateralized by assets and/or future cash flows of an acquired company
ABCP		: Commercial papers issued by a Special Purpose Company (SPC) collateralized by receivables

Mitsubishi UFJ Financial Group, Inc.

(Reference)

2. Financial Statements

BTMU Non-consolidated

(1) Non-consolidated Balance Sheets


	(in millions of yen)
	As of September 30, 2009		As of March 31, 2009
Assets:
Cash and due from banks	5,529,701		4,929,088
Call loans	206,137		179,114
Receivables under resale agreements	122,326		38,993
Receivables under securities borrowing transactions	4,402,828		4,478,999
Monetary claims bought	2,539,100		2,677,859
Trading assets	9,266,130		10,528,447
Money held in trust	27,550		36,758
Securities	46,165,485		38,731,570
Allowance for losses on securities	(88,197	)	(93,156	)
Loans and bills discounted	69,443,777		73,786,503
Foreign exchanges	941,761		1,043,370
Other assets	4,040,702		4,666,482
Tangible fixed assets	903,018		915,904
Intangible fixed assets	306,431		312,486
Deferred tax assets	681,237		953,104
Customers’ liabilities for acceptances and guarantees	6,121,701		6,425,841
Allowance for credit losses	(663,122	)	(639,580	)

Total assets	149,946,570		148,971,788

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	As of September 30, 2009	As of March 31, 2009
Liabilities:
Deposits	100,488,998	100,208,977
Negotiable certificates of deposit	7,988,427	6,579,759
Call money	1,602,579	1,399,495
Payables under repurchase agreements	6,253,373	7,362,471
Payables under securities lending transactions	2,332,669	1,374,637
Trading liabilities	5,226,429	6,006,174
Borrowed money	4,967,154	5,560,428
Foreign exchanges	899,537	828,087
Bonds payable	3,914,160	3,422,414
Other liabilities	3,687,165	4,112,171
Reserve for bonuses	16,355	15,915
Reserve for bonuses to directors	46	—
Reserve for retirement benefits	12,087	11,482
Reserve for loyalty award credits	896	664
Reserve for contingent losses	38,116	40,030
Reserves under special laws	31	31
Deferred tax liabilities for land revaluation	185,330	186,927
Acceptances and guarantees	6,121,701	6,425,841

Total liabilities	143,735,061	143,535,509

Net assets:
Capital stock	1,196,295	1,196,295
Capital surplus	3,362,612	3,362,612
Capital reserve	1,196,295	1,196,295
Other capital surplus	2,166,317	2,166,317
Retained earnings	1,245,953	1,184,843
Revenue reserve	190,044	190,044
Other retained earnings	1,055,908	994,799
Funds for retirement benefits	2,432	2,432
Other reserve	718,196	718,196
Earned surplus brought forward	335,279	274,170

Total shareholders’ equity	5,804,861	5,743,752

Net unrealized gains (losses) on other securities	61,970	(655,202	)
Net deferred gains (losses) on hedging instruments	122,768	123,516
Land revaluation excess	221,907	224,212

Total valuation and translation adjustments	406,647	(307,473	)

Total net assets	6,211,509	5,436,278

Total liabilities and net assets	149,946,570	148,971,788

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(2) Non-consolidated Statements of Operations


	(in millions of yen)
	For the six months ended September 30, 2008	For the six months ended September 30, 2009
Ordinary income	1,769,495	1,486,004
Interest income	1,261,737	934,239
Interest on loans and bills discounted	782,614	607,883
Interest and dividends on securities	270,081	193,686
Fees and commissions	258,714	264,884
Trading income	49,428	77,489
Other business income	123,099	153,984
Other ordinary income	76,515	55,406
Ordinary expenses	1,731,602	1,360,971
Interest expenses	597,464	269,257
Interest on deposits	287,204	107,789
Fees and commissions	65,992	66,982
Trading expenses	1,281	—
Other business expenses	105,569	176,454
General and administrative expenses	565,768	544,979
Other ordinary expenses	395,526	303,297

Ordinary profits	37,892	125,032

Extraordinary gains	65,387	28,134
Extraordinary losses	54,580	15,842

Income before income taxes	48,699	137,324

Income taxes—current	8,213	20,252
Refund of income taxes	—	(6,328	)
Income taxes—deferred	15,470	(7,364	)

Total taxes	23,683	6,559

Net income	25,016	130,765

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Non-consolidated Balance Sheets


	(in millions of yen)
	As of September 30, 2009		As of March 31, 2009
Assets:
Cash and due from banks	1,080,471		1,111,565
Call loans	36,321		19,500
Receivables under securities borrowing transactions	89,563		60,016
Monetary claims bought	41,243		46,960
Trading assets	309,428		238,377
Money held in trust	6,967		6,978
Securities	9,747,316		8,156,605
Allowance for losses on securities	(269	)	(448	)
Loans and bills discounted	10,476,933		10,472,280
Foreign exchanges	4,080		6,859
Other assets	800,187		829,851
Tangible fixed assets	172,057		176,341
Intangible fixed assets	66,588		66,012
Deferred tax assets	11,783		109,800
Customers’ liabilities for acceptances and guarantees	165,477		214,945
Allowance for credit losses	(57,848	)	(50,376	)

Total assets	22,950,303		21,465,272

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	As of September 30, 2009		As of March 31, 2009
Liabilities:
Deposits	13,039,339		12,966,594
Negotiable certificates of deposit	2,063,871		1,320,627
Call money	356,130		355,772
Payables under repurchase agreements	2,103,498		1,106,275
Payables under securities lending transactions	163,218		219,253
Trading liabilities	61,978		63,870
Borrowed money	1,663,337		1,865,676
Foreign exchanges	450		90
Short-term bonds payable	30,500		37,200
Bonds payable	327,600		239,800
Due to trust accounts	1,392,003		1,463,045
Other liabilities	367,780		563,266
Reserve for bonuses	4,153		4,155
Reserve for bonuses to directors	29		—
Reserve for contingent losses	7,237		6,099
Deferred tax liabilities for land revaluation	6,863		7,301
Acceptances and guarantees	165,477		214,945

Total liabilities	21,753,471		20,433,974

Net assets:
Capital stock	324,279		324,279
Capital surplus	412,315		412,315
Capital reserve	250,619		250,619
Other capital surplus	161,695		161,695
Retained earnings	480,766		472,910
Revenue reserve	73,714		73,714
Other retained earnings	407,052		399,196
Funds for retirement benefits	710		710
Other reserve	138,495		138,495
Earned surplus brought forward	267,847		259,991

Total shareholders’ equity	1,217,361		1,209,504

Net unrealized gains (losses) on other securities	(315	)	(152,953	)
Net deferred gains (losses) on hedging instruments	(13,636	)	(16,208	)
Land revaluation excess	(6,577	)	(9,045	)

Total valuation and translation adjustments	(20,529	)	(178,207	)

Total net assets	1,196,831		1,031,297

Total liabilities and net assets	22,950,303		21,465,272

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(2) Non-consolidated Statements of Operations


	(in millions of yen)
	For the six months ended September 30, 2008		For the six months ended September 30, 2009
Ordinary income	310,468		262,674
Trust fees	51,281		40,158
Interest income	165,498		130,308
Interest on loans and bills discounted	76,822		68,875
Interest and dividends on securities	74,703		52,273
Fees and commissions	59,255		47,423
Trading income	908		8,082
Other business income	27,260		21,564
Other ordinary income	6,262		15,137
Ordinary expenses	256,969		227,357
Interest expenses	84,849		52,099
Interest on deposits	44,328		34,313
Fees and commissions	11,557		10,588
Trading expenses	3,419		—
Other business expenses	25,986		33,894
General and administrative expenses	104,287		111,176
Other ordinary expenses	26,868		19,598

Ordinary profits	53,499		35,316

Extraordinary gains	1,841		1,909
Extraordinary losses	3,321		3,408

Income before income taxes	52,019		33,818

Income taxes—current	(297	)	(298	)
Income taxes—deferred	20,371		9,338

Total taxes	20,074		9,039

Net income	31,944		24,779

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(3) Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship


	(in millions of yen)
	As of September 30, 2009	As of March 31, 2009
Assets:
Loans and bills discounted	175,196	199,784
Securities	47,973,247	45,726,861
Beneficiary rights to the trust	27,424,646	27,592,850
Securities held in custody accounts	953,204	1,112,386
Monetary claims	10,540,402	11,275,453
Tangible fixed assets	9,081,624	9,179,822
Intangible fixed assets	133,767	134,762
Other claims	1,348,796	1,703,370
Call loans	1,247,899	1,268,875
Due from banking account	1,753,935	1,794,803
Cash and due from banks	1,726,008	1,883,723

Total	102,358,730	101,872,694

Liabilities:
Money trusts	16,961,073	16,421,025
Pension trusts	12,319,959	12,053,445
Property formation benefit trusts	12,245	12,661
Loan trusts	81,717	123,447
Investment trusts	25,629,669	25,761,564
Money entrusted other than money trusts	2,062,782	2,196,555
Securities trusts	1,014,795	1,221,529
Monetary claim trusts	10,875,694	11,733,600
Equipment trusts	36,497	37,310
Land and fixtures trusts	94,319	95,294
Composite trusts	33,269,975	32,216,258

Total	102,358,730	101,872,694

Note:

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

Detailed information for trust accounts with contracts indemnifying the principal amounts as of September 30, 2009 (including trusts for which beneficiary interests are re-entrusted)


	(in millions of yen)
	Money trusts	Loan trusts
Assets:
Loans and bills discounted	132,077	—
Securities	24,200	—
Other	967,397	81,797

Total	1,123,674	81,797

Liabilities:
Principal	1,120,712	80,454
Allowance for bad debts	395	—
Special internal reserves	—	554
Other	2,566	789

Total	1,123,674	81,797

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(4) Major Items


	(in millions of yen)
	As of September 30, 2009	As of March 31, 2009
Total funds	44,478,207	42,897,802

Deposits	13,039,339	12,966,594
Negotiable certificates of deposit	2,063,871	1,320,627
Money trusts	16,961,073	16,421,025
Pension trusts	12,319,959	12,053,445
Property formation benefit trusts	12,245	12,661
Loan trusts	81,717	123,447

Loans and bills discounted	10,652,130	10,672,064

Banking account	10,476,933	10,472,280
Trust account	175,196	199,784

Investment securities	57,720,564	53,883,467

Note:

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