Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

(in millions of yen)

Amount on
consolidated
balance sheet

Net unrealized gains (losses) recorded in the consolidated

statement of income during this period

Money held in trust for trading purpose

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 under

the Securities Exchange Act of 1934

For the month of May 2011

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 of 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: May 16, 2011


Mitsubishi UFJ Financial Group, Inc.

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

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Consolidated Summary Report

<under Japanese GAAP>

for the fiscal year ended March 31, 2011

May 16, 2011


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Osaka, Nagoya, New York
Code number:		8306
URL		http://www.mufg.jp/
Representative:		Katsunori Nagayasu, President & CEO
For inquiry:		Naoki Muramatsu, General Manager - Financial Planning Division / Financial Accounting Office
		TEL (03) 3240-7200
General meeting of shareholders:		June 29, 2011
Dividend payment date:		June 29, 2011
Securities report issuing date:		June 29, 2011
Trading accounts:		Established
Supplemental information for financial statements:		Available
Investor meeting presentation:		Scheduled (for investors and analysts)

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

1. Consolidated Financial Data for the Fiscal Year ended March 31, 2011

(1) Results of Operations


	(% represents the change from the previous fiscal year)
	Ordinary Income					Ordinary Profits				Net Income
	million yen		%			million yen		%		million yen		%
Fiscal year ended
March 31, 2011		4,528,933		(10.1	)		646,432		18.5		583,079		50.0
March 31, 2010		5,040,282		(11.2	)		545,697		559.0		388,734		—

(*)	Comprehensive income

March 31, 2011: (37,079) million yen, - % ; March 31, 2010: 1,670,737 million yen, -%


	Net Income per Common Stock		Diluted Net Income per Common Stock		Net Income to Net Assets Attributable to MUFG shareholders		Ordinary Profits to Total Assets		Ordinary Profits to Ordinary Income
	yen		yen		%		%		%
Fiscal year ended
March 31, 2011		39.95		39.88		6.6		0.3		14.3
March 31, 2010		29.57		29.54		4.9		0.3		10.8

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

March 31, 2011: 11,371 million yen; March 31, 2010: 2,614 million yen

(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
March 31, 2011		206,227,081		10,814,425		4.3		604.58		14.89
March 31, 2010		204,106,939		11,299,459		4.6		612.05		14.87

(Reference) Shareholders’ equity as of March 31, 2011: 8,948,948 million yen; March 31, 2010: 9,305,795 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).

(3) Cash Flows


	Cash Flows from Operating Activities		Cash Flows from Investing Activities			Cash Flows from Financing Activities			Cash and Cash Equivalents at the end of the period
	million yen		million yen			million yen			million yen
Fiscal year ended
March 31, 2011		10,495,808		(8,587,988	)		(948,646	)		4,919,083
March 31, 2010		14,601,067		(15,625,731	)		1,102,334			4,110,281

2. Dividends on Common Stock


	Dividends per Share										Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total		Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	yen		yen		yen		yen		yen		million yen		%		%
Fiscal year
ended March 31, 2010		—		6.00		—		6.00		12.00		154,777		40.6		2.1
ended March 31, 2011		—		6.00		—		6.00		12.00		169,809		30.0		2.0
ending March 31, 2012 (Forecast)		—		6.00		—		6.00		12.00		——		29.2		——

(*)	The information in the above table is only for dividends on common stocks. Please refer to “Dividends on preferred stocks” with regard to dividends on other type of (unlisted) stocks issued by us.

3. Earnings Forecasts for the Fiscal Year ending March 31, 2012 (Consolidated)

MUFG has set an earnings target of 600.0 billion yen of consolidated net income for the fiscal year ending March 31, 2012.

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. Please see “3. Management Policy (4) Management Targets” on page 10, for further information of these targets.

4. Other

(1)	Changes in significant subsidiaries during the period: Yes

One company is newly added (MM Partnership)

(2)	Changes in accounting policies, procedures, presentation rules, etc.

(A) Changes due to revision of accounting standards: Yes

(B) Changes due to reasons other than (A): Yes

Note:

For more details, please see “Changes in Significant Accounting Policies Applied in the Preparation of the Consolidated Financial Statements” in page 29 of Appendix.

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


(A) Total stocks outstanding including treasury stocks:
	Mar. 31, 2011	14,150,894,620 shares	Mar. 31, 2010 14,148,414,920 shares

(B) Treasury stocks:
	Mar. 31, 2011	9,413,730 shares	Mar. 31, 2010 9,781,950 shares

(C) Average outstanding stocks:		Fiscal year ended Mar. 31, 2011 14,140,858,163 shares
		Fiscal year ended Mar. 31, 2010 12,329,080,999 shares

Note: For more details, please see “Per Share Information” in page 49 of Appendix.

(Reference) Summary of non-consolidated financial data

1. Non-consolidated Financial Data for the Fiscal Year ended March 31, 2011

(1) Results of Operations


	(% represents the change from the previous fiscal year)
	Operating Income					Operating Profits					Ordinary Profits					Net Income
	million yen		%			million yen		%			million yen		%			million yen		%
Fiscal year ended
March 31, 2011		413,611		42.2			398,756		45.4			369,982		56.9			344,931		244.6
March 31, 2010		290,824		(3.5	)		274,306		(3.8	)		235,848		(3.5	)		100,088		(66.6	)

	Net Income per Common Stock					Diluted Net Income per Common Stock
	yen					yen
Fiscal year ended
March 31, 2011		23.11					23.09
March 31, 2010		6.17					6.17

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Ratio		Total Net Assets per Common Stock
	million yen		million yen		%		yen
As of
March 31, 2011		10,991,515		8,612,722		78.3		579.94
March 31, 2010		11,180,345		8,711,750		77.9		569.22


(Reference) Shareholders’ equity as of March 31, 2011: 8,605,534 million yen; March 31, 2010: 8,705,299 million yen

*Disclosure regarding the execution of the audit process

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

“Financial Instruments and Exchange Act”. Therefore, the audit process has not been completed as of this disclosure in the

“Consolidated Summary Report”.

*Notes for using forecasted information etc.

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

(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, 2010		—		30.00		—		30.00		60.00
Fiscal year ended March 31, 2011		——		——		——		——		——

(Note) MUFG repurchased Preferred Stock First Series of Class 3 in April 2010 and cancelled in April 2010.
	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, 2010		—		57.50		—		57.50		115.00
Fiscal year ended March 31, 2011		—		57.50		—		57.50		115.00
Fiscal year ending March 31, 2012 (Forecast)		—		57.50		—		57.50		115.00

	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, 2010		—		2.65		—		2.65		5.30
Fiscal year ended March 31, 2011		—		2.65		—		2.65		5.30
Fiscal year ending March 31, 2012 (Forecast)		—		2.65		—		2.65		5.30

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Results of Operations and Financial Condition			2
(1) Analysis of results of operations			2
(2) Analysis of financial condition			3
(3) Basic policy regarding profit distribution and dividends for fiscal years 2010 and 2011			4
2. Information on Mitsubishi UFJ Financial Group (MUFG Group)			5
3. Management Policy			7
(1) Principal management policy			7
(2) Medium- and long-term management strategy			8
(3) Key issues			9
(4) Management Targets			10
4. Consolidated Financial Statements			11
(1) Consolidated Balance Sheets			11
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			13
(3) Consolidated Statements of Changes in Net Assets			16
(4) Consolidated Statements of Cash Flows			19
Notes on Going-Concern Assumption			21
Significant Accounting Policies Applied in the Preparation of the Consolidated Financial Statements			21
Changes in Significant Accounting Policies Applied in the Preparation of the Consolidated Financial Statements			29
New Presentation Rule			30
Additional Information			30
Notes to the Consolidated Financial Statements			31
Consolidated Balance Sheet			31
Consolidated Statements of Income			34
Consolidated Statements of Comprehensive Income			35
Consolidated Statements of Changes in Net Assets			36
Consolidated Statements of Cash Flows			38
Financial Instruments			39
Securities			41
Money Held in Trust			44
Net Unrealized Gains (Losses) on Other Securities			44
Business Combinations			45
Segment Information			48
Per Share Information			49
Material Subsequent Events			51
5. Non-consolidated Financial Statements			52
(1) Non-consolidated Balance Sheets			52
(2) Non-consolidated Statements of Income			54
(3) Non-consolidated Statements of Changes in Net Assets			55
Notes on Going-Concern Assumption			57
6. Other			57
(1) Changes of Directors and Corporate Auditors			57

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the fiscal year ended March 31, 2011”

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


Internet Conference:		May 16, 2011 (Monday)
Explanation for investors and analysts:		May 26, 2011 (Thursday)

Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

(1) Analysis of results of operations

(Results of operations for the fiscal year ended March 31, 2011)

The current financial and economic environment features robust growth among emerging and resource-producing countries, especially the BRICS (Brazil, Russia, India, China, and South Africa). Advanced countries in Europe and the United States, on the other hand, were facing deepening structural issues––ballooning fiscal deficits and stubbornly-high unemployment rates––although the US in particular appeared to be recovering more in the second half of fiscal 2010 on rising exports and with further financial and fiscal measures. Japan had slowed since fiscal 2010, with the economy in a holding pattern since autumn following the end of the Eco-car Subsidy program. Japan’s economy had been showing signs of returning to a recovery path early this year as improving overseas economies had boosted Japan’s exports and production. But the Great Eastern Japan Earthquake that struck on March 11 has caused greater uncertainty about the country’s economy.

In the financial environment, while emerging and resource-producing countries with strong economies had embarked on a series of policy rate hikes, Europe and the US continued to maintain their low interest rate policies. The Bank of Japan had ventured further into the realm of unconventional monetary policy. The central bank expanded its fixed-rate funds-supplying operations introduced in fiscal 2009, in May decided to supply funds to support strengthening the foundations for economic growth, and in October agreed to buy risk assets and change the uncollateralized overnight call rate target level from ‘around 0.1%’ to ‘0 to 0.1%.’ These moves had helped short-term interest rates decline, but long-term yields had fluctuated up and down, albeit at low levels, since the second half of fiscal 2010. The Japanese Yen continued to be susceptible to upward pressure against the U.S. Dollar on risk-averting yen buying, and the Japanese Yen hit a historical high against the U.S. Dollar in the days following the March 11 earthquake.

Under such business environment, consolidated gross profits for the fiscal year ended March 31, 2011 decreased by 77.8 billion yen from the previous fiscal year to 3,522.5 billion yen. This was mainly due to a decrease in net interest income such as income from deposit-lending spread caused by a decline in interest rate and loan balance and income from consumer-finance segment due to revisions of Money Lending Business Act, partially offset by an increase in income from market related product, including net gains on sales of debt securities. General and administrative expenses decreased by 63.9 billion yen from the previous fiscal year due to the progress on an intensive ongoing corporate-wide cost reduction. As a result, net business profits were 1,501.6 billion yen, remained almost unchanged from the previous fiscal year.

Total credit costs for the fiscal year ended March 31, 2011 decreased by 406.0 billion yen from the previous fiscal year to 354.1 billion yen, mainly due to a decrease in provision for credit losses and losses on loan write-off reflecting a decrease in number of bankruptcies. However, net gains on equity securities decreased by 89.6 billion yen from the previous fiscal year, primarily due to lower stock prices that resulted in reduced gains on sales of equity securities. Other non-recurring gains and losses decreased by 196.6 billion yen from the previous fiscal year, mainly as a result of additional expenses recorded at consumer finance subsidiaries due to the return of interest payments.

Mitsubishi UFJ Financial Group, Inc.

As a result, ordinary profits for the fiscal year ended March 31, 2011 was 646.4 billion yen, an increase of 100.7 billion yen from the previous fiscal year and consolidated net income for the fiscal year ended March 31, 2011 was 583.0 billion yen, an increase of 194.3 billion yen from the previous fiscal year.


(in billions of Japanese yen)	For the fiscal year ended March 31, 2011			For the fiscal year ended March 31, 2010			Increase (Decrease)
Gross Profits before credit costs for trust accounts		3,522.5			3,600.4			(77.8	)
General and administrative expenses		2,020.8			2,084.8			(63.9	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		1,501.6			1,515.5			(13.8	)
Credit costs		(424.2	)		(825.2	)		400.9
Net gains (losses) on equity securities		(57.1	)		32.4			(89.6	)
Other non-recurring gains (losses)		(373.7	)		(177.1	)		(196.6	)
Ordinary profits		646.4			545.6			100.7
Net income (losses)		583.0			388.7			194.3
Total credit costs *1		(354.1	)		(760.1	)		406.0

*1	Included gains on loans written-off

(Earnings Forecasts for the fiscal year ending March 31, 2012)

MUFG has set an earnings target of 600.0 billion yen of consolidated net income for the fiscal year ending March 31, 2012.

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.

Please see “3. Management Policy (4) Management Targets” on page 10, for further information of these targets.

(2) Analysis of financial condition

Total assets as of March 31, 2011 increased by 2,120.1 billion yen from March 31, 2010 to 206,227.0 billion yen, and total net assets as of March 31, 2011 decreased by 485.0 billion yen from March 31, 2010 to 10,814.4 billion yen. The decrease in total net assets reflected a decrease in total accumulated other comprehensive income of 503.0 billion yen, which was primarily due to a decrease of net unrealized gains on other securities due to lower stock prices.

With regard to major items of assets, securities as of March 31, 2011 increased by 7,059.1 billion yen from March 31, 2010 to 71,023.6 billion yen and loans and bills discounted as of March 31, 2011 decreased by 4,885.5 billion yen from March 31, 2010 to 79,995.0 billion yen. With regard to major items of liabilities, deposits as of March 31, 2011 increased by 252.3 billion yen from March 31, 2010 to 124,144.3 billion yen.

MUFG’s consolidated risk-adjusted capital ratio based on the Basel 2 Standards as of March 31, 2011 was 14.89%, an improvement of 0.02 percentage points from March 31, 2010.

Mitsubishi UFJ Financial Group, Inc.

(3) Basic policy regarding profit distribution and dividends for fiscal years 2010 and 2011

MUFG considers the return of earnings to shareholders to be one of the most important management priorities and makes it a basic policy to make efforts to continuously increase dividends while sustaining corporate value growth and further strengthening its corporate financial standing.

With respect to the year-end dividend for common stock for fiscal year 2010, MUFG plans to pay ¥6 per share in accordance with the previously announced dividend forecast. As a result, the annual dividend for fiscal year 2010, including the interim dividend of ¥6 per share, is expected to be ¥12 per share, which is the same amount as the annual dividend of ¥12 paid for the previous fiscal year. With respect to the year-end dividend for preferred stock for fiscal year 2010, MUFG plans to pay; for the first series of class 5 preferred stock, the prescribed amount of ¥57.50 per share (which, together with the interim dividend, is expected to result in the annual dividend being ¥115 per share for the fiscal year); and for class 11 preferred stock, the prescribed amount of ¥2.65 per share (which, together with the interim dividend, is expected to result in the annual dividend being ¥5.30 per share for the fiscal year).

The annual dividend forecast for common stock for fiscal year 2011 is ¥12 per share, which is the same amount as the annual dividend paid for fiscal year 2010. The annual dividend forecasts for preferred stock for fiscal year 2011 are: for the first series of class 5 preferred stock, the prescribed amount of ¥115 per share; and for class 11 preferred stock, the prescribed amount of ¥5.30 per share.

Mitsubishi UFJ Financial Group, Inc.

2. Information on Mitsubishi UFJ Financial Group (MUFG Group)

MUFG Group comprises the holding company, 232 subsidiaries (of which 231 are consolidated, and one is an equity-method accounted non-consolidated subsidiary), as well as 66 affiliates (of which 65 are equity-method accounted affiliates, and one is a non-equity-method accounted affiliate). The Group is engaged primarily in the banking business and also conducts trust banking business, securities business, credit card / loan business, leasing business and other businesses. The Group conducts reporting of its main entities (on a consolidated basis) on a segmental basis and the relationships between MUFG and its major related companies are as shown in the chart below.

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*1	Consumer finance subsidiaries.

On April 1, 2011 Mitsubishi UFJ Financial Group, Inc. transferred the shares it held in Mitsubishi UFJ Asset Management Co., Ltd. to Mitsubishi UFJ Trust & Banking Corporation and the Bank of Tokyo-Mitsubishi UFJ, Ltd. As a result, from the same date, Mitsubishi UFJ Asset Management Co., Ltd. became a consolidated subsidiary of Mitsubishi UFJ Trust & Banking Corporation.

Mitsubishi UFJ Financial Group, Inc.

The Group has a combined group organization through which it seeks as a unified group to meet the financial needs of its customers by providing financial products and services that transcend traditional business boundaries. A system of integrated business groups has been introduced under which the group formulates a unified strategy and pursues its business based on coordination between group companies.

LOGO

Note:

From July 1, 2011 MUFG plans to establish a new integrated business group, MUFG Global. Along with this change the Global Planning Division and the Corporate Governance Division for the United States will be transferred to MUFG Global, the Global Risk Management Division will be newly established, and the three divisions will operate under MUFG Global’s umbrella.

Mitsubishi UFJ Financial Group, Inc.

3. Management Policy

(1) Principal management policy

The Group’s management philosophy serves as the basic policy in conducting its business activities, and provides guidelines for all group activities.

The Group’s management philosophy will also be the foundation for management decisions, including the formulation of management strategies and management plans, and will serve as the core values for all employees.

The details of the Group’s management philosophy are set forth below. MUFG Group’s holding company, commercial banks, trust banks and securities companies have adopted the Group’s management philosophy as their own respective management philosophy, and the entire Group will strive to comply with this philosophy.

•

Group’s Management Philosophy

1.	We will respond promptly and accurately to the diverse needs of our customers around the world and seek to inspire their trust and confidence.

2.	We will offer innovative and high-quality financial services by actively pursuing the cultivation of new business areas and developing new technologies.

3.	We will comply strictly with all laws and regulations and conduct our business in a fair and transparent manner to gain the public’s trust and confidence.

4.	We will seek to inspire the trust of our shareholders by enhancing corporate value through continuous business development and appropriate risk management, and by disclosing corporate information in a timely and appropriate manner.

5.	We will contribute to progress toward a sustainable society by assisting with development in the areas in which we operate and conducting our business activities with consideration for the environment.

6.	We will provide the opportunities and work environment necessary for all employees to enhance their expertise and make full use of their abilities.

Mitsubishi UFJ Financial Group, Inc.

(2) Medium- and long-term management strategy

MUFG Group is a fully-fledged comprehensive financial group comprising commercial banks, trust banks, and securities companies, as well as credit card companies, leasing companies, consumer finance companies, investment trust companies and a U.S. bank (Union Bank). MUFG Group aims to unify these Group companies to deliver top quality products and services that meet diverse customer needs. We aim to be No. 1 in service, No.1 in reliability, and No.1 in global coverage and so gain the strong support of customers and society as a premier, comprehensive, global financial group.

No.1 in Service

•

MUFG Group will leverage its strengths as a comprehensive financial group to provide to its customers with an outstanding level of high-quality service that is matched to their individual needs.

•

MUFG Group will fully utilize our four integrated business groups—Retail, Corporate, Global and Trust Assets (asset management and asset administration)—and meet diverse customer needs rapidly and accurately as a unified group that transcends business boundaries.

No.1 in Reliability

•

MUFG Group aims to be a truly reliable financial group and will strive to further enhance its financial health, implement thorough legal and other compliance and strengthen internal controls. Moreover, we will fulfill our responsibilities to society through enhancing customer satisfaction (CS), and pursuing CSR activities that contribute to society and to environmental conservation.

No.1 in Global Coverage

•

MUFG Group aims to use its Group strengths to the maximum, leveraging the leading global network amongst Japanese banks and talented staff well-versed in the business of each country to swiftly and precisely meet the requirements of customers globally.

Mitsubishi UFJ Financial Group, Inc.

(3) Key issues

The Tohoku Pacific Coast Earthquake caused tremendous damage. As one of Japan’s leading financial groups, MUFG Group will firmly support the recovery of affected areas financially through the smooth flows of funds, etc.

As the fiscal year 2011 is the last fiscal year of the Medium-term Business Plan that we started in the fiscal year 2009, MUFG Group has positioned this fiscal year to be a fiscal year for actualizing sustainable growth. In order to realize further earnings growth to enhance shareholder returns, MUFG Group will focus on the actions set forth below, which we consider to be the material issues.

(Promotion of growth strategies)

MUFG Group will establish or has established integrated business groups for Retail, Corporate, Global and Trust Assets, respectively, in the holding company. In order to exercise the comprehensive group strengths, MUFG Group will promote its growth strategies beyond the business boundaries.

In the Retail business, MUFG Group will offer products that meet various needs of customers, such as products pertaining to asset management, inheritance, real estate and loans according to the customers’ life stages.

In the Corporate business, MUFG Group will aggressively promote the CIB (Corporate & Investment Banking) strategy, by, for example, aiming to further exercise the synergies generated by the integration of the domestic securities companies with Morgan Stanley.

In the Global business, while further enhancing its network, particularly in Asia where high growth potential is expected, MUFG Group will aim to expand its businesses and to raise its presence through promotion of the CIB strategy, the alliance with Morgan Stanley and the M&A strategy.

In the Trust Assets business, MUFG Group will seek to augment the balance of entrusted assets through the enhancement of cooperation within MUFG Group as well as that of product development, and will also endeavor to improve its presence as a global management institution.

Through the collective group strengths, MUFG Group will improve profitability.

(Strengthening of operating foundations)

MUFG Group will also strengthen its operating foundations.

MUFG Group will endeavor to make cost structure more efficient by reducing staff members in headquarters, upon realizing business efficiency, and then putting such staff members in the business offices or in the strategic area.

Additionally, MUFG Group will continue to reduce the amount of its holding of equity securities and will make efforts to control the credit risks on a group basis.

MUFG Group will make efforts to smoothly provide funds by working on the appropriate control and management of equity capital, in light of the trends of international reformation of regulations on equity capital.

For the financial results of the fiscal year ended March 31, 2011, Mitsubishi UFJ Morgan Stanley Securities, one of the Group’s core entities, posted substantial losses from trading transactions. MUFG Group takes this situation very seriously and will endeavor to strengthen business management and risk management systems of Mitsubishi UFJ Morgan Stanley Securities.

Mitsubishi UFJ Financial Group, Inc.

(Promotion of CSR management and strengthening the MUFG brand)

MUFG Group will seek to enhance customer satisfaction through the provision of the distinct services of MUFG while also conducting management with a clear emphasis on its CSR (corporate social responsibilities). For these purposes, each officer and employee of MUFG Group will subjectively think and act with a “customer-oriented approach” and “field-oriented approach.”

MUFG Group has adopted “Addressing Global Environmental Issues” and “Nurturing Society’s Next Generation” as the two priority themes for its CSR activities. Especially with respect to environmental issues, MUFG Group formulated the MUFG Environmental Action Policy and has been carrying out specific initiatives. MUFG Group will continue to leverage its unique capabilities as a comprehensive financial group to provide support so that necessary funds are supplied to companies and individuals. We will also continue to offer products and services responding to clients’ needs.

With respect to responses to the earthquake disaster, MUFG Group will also exert all of its efforts to help people in the affected areas.

Looking ahead, based on our slogan “No.1 in service, No.1 in reliability, No.1 in global coverage” we endeavor to maintain and strengthen the MUFG brand as one that is broadly supported and appreciated by people in society.

(4) Management Targets

MUFG has set an earnings target of 600.0 billion yen of consolidated net income for the fiscal year ending March 31, 2012.

[Reference]

MUFG Consolidated


(in billions of Japanese yen)	For the fiscal year ending March 31, 2012			For the six months ending September 30, 2011			For the fiscal year ended March 31, 2011 (Results)			For the six months ended September 30, 2010 (Results)
Ordinary profits		1,070.0			480.0			646.4			542.0
Net income (loss)		600.0			280.0			583.0			356.7
Total credit costs		(280.0	)		(140.0	)		(354.1	)		(153.0	)

<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		870.0			400.0			1,006.5			544.5
Ordinary profits (losses)		645.0			285.0			657.9			394.4
Net income (loss)		415.0			185.0			639.2			282.3
Total credit costs		(140.0	)		(70.0	)		(166.1	)		(42.6	)

Mitsubishi UFJ Trust and Banking Corporation
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		150.0			65.0			150.4			76.2
Ordinary profits (losses)		115.0			50.0			104.6			62.8
Net income (loss)		75.0			30.0			75.4			41.5
Total credit costs		(15.0	)		(5.0	)		(8.0	)		4.3

Mitsubishi UFJ Financial Group, Inc.

4. Consolidated Financial Statements

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2010			As of March 31, 2011
Assets:
Cash and due from banks		7,495,050			10,406,053
Call loans and bills bought		482,546			361,123
Receivables under resale agreements		3,559,309			4,997,138
Receivables under securities borrowing transactions		5,770,044			3,621,210
Monetary claims bought		2,967,002			2,700,617
Trading assets		16,448,683			14,946,185
Money held in trust		362,789			357,159
Securities		63,964,461			71,023,637
Loans and bills discounted		84,880,603			79,995,024
Foreign exchanges		1,051,325			1,140,201
Other assets		6,416,721			6,631,715
Tangible fixed assets		1,357,449			1,333,298
Buildings		321,088			319,485
Land		747,095			740,007
Lease assets		5,167			7,699
Construction in progress		16,816			14,917
Other tangible fixed assets		267,280			251,187
Intangible fixed assets		1,152,606			1,069,317
Software		478,147			459,268
Goodwill		512,515			450,965
Lease assets		1,215			1,047
Other intangible fixed assets		160,728			158,035
Deferred tax assets		646,495			780,310
Customers’ liabilities for acceptances and guarantees		8,889,771			8,008,084
Allowance for credit losses		(1,337,922	)		(1,143,997	)

Total assets		204,106,939			206,227,081

Liabilities:
Deposits		123,891,946			124,144,337
Negotiable certificates of deposit		11,019,571			10,961,012
Call money and bills sold		1,907,366			2,311,428
Payables under repurchase agreements		11,843,211			12,385,585
Payables under securities lending transactions		3,632,170			2,102,757
Commercial papers		196,929			101,688
Trading liabilities		9,894,186			11,219,391
Borrowed money		6,235,917			8,895,546
Foreign exchanges		704,233			685,309
Short-term bonds payable		480,545			436,967
Bonds payable		7,022,868			6,438,685
Due to trust accounts		1,559,765			1,459,108
Other liabilities		4,933,405			5,422,853
Reserve for bonuses		52,278			44,983
Reserve for bonuses to directors		751			543
Reserve for retirement benefits		61,821			59,192
Reserve for retirement benefits to directors		1,523			1,556
Reserve for loyalty award credits		8,717			8,627
Reserve for contingent losses		239,224			492,693
Reserves under special laws		3,098			2,235
Deferred tax liabilities		39,210			43,301
Deferred tax liabilities for land revaluation		188,963			186,765
Acceptances and guarantees		8,889,771			8,008,084

Total liabilities		192,807,479			195,412,655

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2010			As of March 31, 2011
Net assets:
Capital stock		2,136,582			2,137,476
Capital surplus		2,423,322			2,174,287
Retained earnings		4,405,512			4,799,668
Treasury stock		(6,633	)		(6,458	)

Total shareholders’ equity		8,958,783			9,104,972

Net unrealized gains (losses) on other securities		403,490			90,765
Net deferred gains (losses) on hedging instruments		92,402			38,786
Land revaluation excess		142,848			141,198
Foreign currency translation adjustments		(254,800	)		(392,083	)
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		(36,930	)		(34,691	)

Total accumulated other comprehensive income		347,011			(156,024	)

Subscription rights to shares		6,451			7,192
Minority interests		1,987,213			1,858,283

Total net assets		11,299,459			10,814,425

Total liabilities and net assets		204,106,939			206,227,081

Mitsubishi UFJ Financial Group, Inc.

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

Consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2010		For the fiscal year ended March 31, 2011
Ordinary income		5,040,282		4,528,933
Interest income		2,846,622		2,537,508
Interest on loans and bills discounted		1,885,962		1,589,377
Interest and dividends on securities		613,087		658,290
Interest on call loans and bills bought		4,127		5,266
Interest on receivables under resale agreements		22,700		45,721
Interest on receivables under securities borrowing transactions		8,822		5,544
Interest on deposits		26,469		28,286
Other interest income		285,451		205,023
Trust fees		103,872		100,437
Fees and commissions		1,145,376		1,135,255
Trading income		259,770		105,950
Other business income		414,726		489,876
Other ordinary income		269,913		159,905
Ordinary expenses		4,494,585		3,882,501
Interest expenses		669,612		517,637
Interest on deposits		307,829		207,249
Interest on negotiable certificates of deposit		46,713		46,121
Interest on call money and bills sold		6,559		5,730
Interest on payables under repurchase agreements		46,308		56,941
Interest on payables under securities lending transactions		5,366		5,669
Interest on commercial papers		745		604
Interest on borrowed money		61,550		53,884
Interest on short-term bonds payable		1,411		1,116
Interest on bonds payable		146,844		122,578
Other interest expenses		46,283		17,742
Fees and commissions		155,570		155,797
Trading expenses		—		2,207
Other business expenses		344,951		170,974
General and administrative expenses		2,183,740		2,083,718
Other ordinary expenses		1,140,710		952,165
Provision for allowance for credit losses		360,388		165,135
Others		780,321		787,029

Ordinary profits		545,697		646,432

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2010			For the fiscal year ended March 31, 2011
Extraordinary gains		133,950			81,162
Gains on disposition of fixed assets		8,535			5,409
Gains on negative goodwill		—			3,639
Gains on loans written-off		65,048			63,786
Reversal of reserve for contingent liabilities from financial instruments transactions		241			863
Gains on changes in subsidiaries’ equity		11,821			1,096
Reversal of allowance for losses on subsidiaries		34,475			—
Gains on sales of equity securities of subsidiaries		13,828			—
Others		—			6,365
Extraordinary losses		82,915			88,032
Losses on disposition of fixed assets		22,435			28,256
Losses on impairment of fixed assets		17,813			9,812
Amortization of goodwill		27,918			13,031
Business structure improvement expenses		10,167			11,914
Loss on adjustment for changes of accounting standard for asset retirement obligations		—			24,447
Others		4,579			570

Income before income taxes and others		596,732			639,561

Income taxes-current		101,063			126,036
Refund of income taxes		(19,099	)		—
Income taxes-deferred		68,995			49,460

Total taxes		150,959			175,496

Income before minority interests					464,065

Minority interests		57,038			(119,013	)

Net income		388,734			583,079

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the fiscal year ended March 31, 2010		For the fiscal year ended March 31, 2011
Income before minority interests		—		464,065
Other comprehensive income
Net unrealized gains (losses) on other securities		—		(310,499	)
Net deferred gains (losses) on hedging instruments		—		(53,762	)
Foreign currency translation adjustments		—		(135,208	)
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		—		2,239
Share of other comprehensive income of associates accounted for using equity method		—		(3,912	)

Total other comprehensive income		—		(501,145	)

Comprehensive income		—		(37,079	)

(Comprehensive income attributable to)
Comprehensive income attributable to owners of the parent		—		81,694
Comprehensive income attributable to minority interests		—		(118,773	)

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets


(in millions of yen)	For the fiscal year ended March 31, 2010			For the fiscal year ended March 31, 2011
Shareholders’ equity
Capital stock
Balance at the end of the previous period		1,620,896			2,136,582
Changes during the period
Issuance of new shares		515,662			—
Issuance of new shares-exercise of subscription rights to shares		23			893

Total changes during the period		515,686			893

Balance at the end of the period		2,136,582			2,137,476

Capital surplus
Balance at the end of the previous period		1,898,031			2,423,322
Changes during the period
Issuance of new shares		525,375			—
Issuance of new shares-exercise of subscription rights to shares		23			893
Disposition of treasury stock		(29	)		71
Retirement of treasury stock		—			(250,000	)
Change of application of equity method		(78	)		—

Total changes during the period		525,290			(249,034	)

Balance at the end of the period		2,423,322			2,174,287

Retained earnings
Balance at the end of the previous period		4,168,625			4,405,512
Changes during the period
Dividends from retained earnings		(149,660	)		(190,575	)
Net income		388,734			583,079
Reversal of land revaluation excess		(345	)		1,650
Change of application of equity method		(1,840	)		—

Total changes during the period		236,887			394,155

Balance at the end of the period		4,405,512			4,799,668

Treasury stock
Balance at the end of the previous period		(6,867	)		(6,633	)
Changes during the period
Repurchase of treasury stock		(1,124	)		(250,042	)
Disposition of treasury stock		1,358			217
Retirement of treasury stock		—			250,000

Total changes during the period		234			175

Balance at the end of the period		(6,633	)		(6,458	)

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2010			For the fiscal year ended March 31, 2011
Total shareholders’ equity
Balance at the end of the previous period		7,680,685			8,958,783
Changes during the period
Issuance of new shares		1,041,037			—
Issuance of new shares-exercise of subscription rights to shares		47			1,787
Dividends from retained earnings		(149,660	)		(190,575	)
Net income		388,734			583,079
Repurchase of treasury stock		(1,124	)		(250,042	)
Disposition of treasury stock		1,328			288
Retirement of treasury stock		—			—
Reversal of land revaluation excess		(345	)		1,650
Change of application of equity method		(1,919	)		—

Total changes during the period		1,278,097			146,189

Balance at the end of the period		8,958,783			9,104,972

Accumulated other comprehensive income
Net unrealized gains (losses) on other securities
Balance at the end of the previous period		(776,397	)		403,490
Changes during the period
Net changes of items other than shareholders’ equity		1,179,887			(312,724	)

Total changes during the period		1,179,887			(312,724	)

Balance at the end of the period		403,490			90,765

Net deferred gains (losses) on hedging instruments
Balance at the end of the previous period		111,001			92,402
Changes during the period
Net changes of items other than shareholders’ equity		(18,598	)		(53,616	)

Total changes during the period		(18,598	)		(53,616	)

Balance at the end of the period		92,402			38,786

Land revaluation excess
Balance at the end of the previous period		142,502			142,848
Changes during the period
Net changes of items other than shareholders’ equity		346			(1,650	)

Total changes during the period		346			(1,650	)

Balance at the end of the period		142,848			141,198

Foreign currency translation adjustments
Balance at the end of the previous period		(302,352	)		(254,800	)
Changes during the period
Net changes of items other than shareholders’ equity		47,552			(137,283	)

Total changes during the period		47,552			(137,283	)

Balance at the end of the period		(254,800	)		(392,083	)

Pension liability adjustments of subsidiaries preparing financial statements under US GAAP
Balance at the end of the previous period		(51,822	)		(36,930	)
Changes during the period
Net changes of items other than shareholders’ equity		14,891			2,239

Total changes during the period		14,891			2,239

Balance at the end of the period		(36,930	)		(34,691	)

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2010			For the fiscal year ended March 31, 2011
Total accumulated other comprehensive income
Balance at the end of the previous period		(877,067	)		347,011
Changes during the period
Net changes of items other than shareholders’ equity		1,224,079			(503,035	)

Total changes during the period		1,224,079			(503,035	)

Balance at the end of the period		347,011			(156,024	)

Subscription rights to shares
Balance at the end of the previous period		4,650			6,451
Changes during the period
Net changes of items other than shareholders’ equity		1,800			741

Total changes during the period		1,800			741

Balance at the end of the period		6,451			7,192

Minority interests
Balance at the end of the previous period		1,762,372			1,987,213
Changes during the period
Net changes of items other than shareholders’ equity		224,840			(128,929	)

Total changes during the period		224,840			(128,929	)

Balance at the end of the period		1,987,213			1,858,283

Total net assets
Balance at the end of the previous period		8,570,641			11,299,459
Changes during the period
Issuance of new shares		1,041,037			—
Issuance of new shares-exercise of subscription rights to shares		47			1,787
Dividends from retained earnings		(149,660	)		(190,575	)
Net income		388,734			583,079
Repurchase of treasury stock		(1,124	)		(250,042	)
Disposition of treasury stock		1,328			288
Retirement of treasury stock		—			—
Reversal of land revaluation excess		(345	)		1,650
Change of application of equity method		(1,919	)		—
Net changes of items other than shareholders’ equity		1,450,720			(631,223	)

Total changes during the period		2,728,818			(485,034	)

Balance at the end of the period		11,299,459			10,814,425

Mitsubishi UFJ Financial Group, Inc.

(4) Consolidated Statements of Cash Flows


(in millions of yen)	For the fiscal year ended March 31, 2010			For the fiscal year ended March 31, 2011
Cash flows from operating activities:
Income before income taxes and others		596,732			639,561
Depreciation		239,191			238,444
Impairment losses		17,813			9,812
Amortization of goodwill		60,787			44,116
Amortization of negative goodwill		(3,071	)		(1,591	)
Gains on negative goodwill		—			(3,639	)
Equity in losses (gains) of affiliates		(2,614	)		(11,371	)
Increase (decrease) in allowance for credit losses		175,123			(175,049	)
Increase (decrease) in allowance for losses on securities		(34,506	)		—
Increase (decrease) in reserve for bonuses		10,135			(6,652	)
Increase (decrease) in reserve for bonuses to directors		599			(186	)
Increase (decrease) in reserve for retirement benefits		(24,253	)		(883	)
Increase (decrease) in reserve for retirement benefits to directors		(162	)		32
Increase (decrease) in reserve for loyalty award credits		(85	)		(90	)
Increase (decrease) in reserve for contingent losses		(38,352	)		255,334
Interest income recognized on statement of income		(2,846,622	)		(2,537,508	)
Interest expenses recognized on statement of income		669,612			517,637
Losses (gains) on securities		(82,368	)		(164,181	)
Losses (gains) on money held in trust		3,737			2,699
Foreign exchange losses (gains)		416,688			1,061,867
Losses (gains) on sales of fixed assets		13,900			22,846
Net decrease (increase) in trading assets		1,305,643			1,016,997
Net increase (decrease) in trading liabilities		(245,739	)		1,578,222
Adjustment of unsettled trading accounts		107,896			(28,146	)
Net decrease (increase) in loans and bills discounted		5,598,759			4,233,481
Net increase (decrease) in deposits		5,542,593			946,517
Net increase (decrease) in negotiable certificates of deposit		3,460,182			(22,646	)
Net increase (decrease) in borrowed money (excluding subordinated borrowings)		(1,243,393	)		2,590,880
Net decrease (increase) in due from banks (excluding cash equivalents)		(836,674	)		(2,149,425	)
Net decrease (increase) in call loans and bills bought and others		(549,033	)		(1,512,646	)
Net decrease (increase) in receivables under securities borrowing transactions		1,034,614			2,109,378
Net increase (decrease) in call money and bills sold and others		(735,070	)		1,597,674
Net increase (decrease) in commercial papers		54,124			(72,554	)
Net increase (decrease) in payables under securities lending transactions		(570,270	)		(1,493,898	)
Net decrease (increase) in foreign exchanges (assets)		6,385			(91,149	)
Net increase (decrease) in foreign exchanges (liabilities)		(100,951	)		(17,643	)
Net increase (decrease) in short-term bonds payable		156,585			(43,577	)
Net increase (decrease) in issuance and redemption of unsubordinated bonds payable		372,531			(113,016	)
Net increase (decrease) in due to trust accounts		(238,458	)		(100,657	)
Interest income (cash basis)		2,934,191			2,602,655
Interest expenses (cash basis)		(703,605	)		(550,785	)
Others		175,766			216,701

Sub-total		14,698,363			10,587,557

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2010			For the fiscal year ended March 31, 2011
Income taxes		(128,828	)		(114,281	)
Refund of income taxes		31,532			22,532

Net cash provided by (used in) operating activities		14,601,067			10,495,808

Cash flows from investing activities:
Purchases of securities		(135,630,829	)		(117,179,039	)
Proceeds from sales of securities		74,477,318			78,186,263
Proceeds from redemption of securities		45,759,986			30,753,734
Increase in money held in trust		(942,373	)		(609,396	)
Decrease in money held in trust		948,040			583,607
Purchases of tangible fixed assets		(107,869	)		(80,603	)
Purchases of intangible fixed assets		(176,498	)		(146,411	)
Proceeds from sales of tangible fixed assets		18,616			19,534
Proceeds from sales of intangible fixed assets		1,394			136
Payments for transfer of business		(4,267	)		(103,964	)
Purchases of equity of consolidated subsidiaries		(2,509	)		(10,138	)
Proceeds from sales of equity of consolidated subsidiaries		33,270			—
Decrease related to sales of subsidiaries’ equity affecting the scope of consolidation		(10	)		—
Others		—			(1,708	)

Net cash provided by (used in) investing activities		(15,625,731	)		(8,587,988	)

Cash flows from financing activities:
Increase in subordinated borrowings		78,000			156,000
Decrease in subordinated borrowings		(315,500	)		(102,500	)
Increase in subordinated bonds payable and bonds with warrants		577,182			461,692
Decrease in subordinated bonds payable and bonds with warrants		(285,399	)		(779,868	)
Proceeds from issuance of stocks		1,041,037			—
Proceeds from issuance of common stock to minority shareholders		370,055			14,909
Decrease in redemption of preferred stocks		(135,000	)		(165,000	)
Dividend paid by MUFG		(149,406	)		(190,298	)
Dividend paid by subsidiaries to minority shareholders		(77,942	)		(91,535	)
Repayments to minority shareholders		(217	)		—
Purchases of treasury stock		(245	)		(250,029	)
Proceeds from sales of treasury stock		978			3
Purchases of treasury stock by consolidated subsidiaries		(1,288	)		(2,031	)
Disposition of treasury stock by consolidated subsidiaries		80			8
Others		1			2

Net cash provided by (used in) financing activities		1,102,334			(948,646	)

Effect of foreign exchange rate changes on cash and cash equivalents		20,015			(147,538	)

Net increase (decrease) in cash and cash equivalents		97,686			811,634

Cash and cash equivalents at the beginning of the period		4,032,013			4,110,281
Decrease in cash and cash equivalents due to deconsolidation of subsidiaries		(19,418	)		—
Decrease in cash and cash equivalents due to absorption-type splits		—			(2,832	)

Cash and cash equivalents at the end of the period		4,110,281			4,919,083

Mitsubishi UFJ Financial Group, Inc.

Notes on Going-Concern Assumption

Not applicable

Significant Accounting Policies Applied in the Preparation of the Consolidated Financial Statements

1.	Scope of Consolidation

(1)

Number of Consolidated Subsidiaries: 231

Principal companies:

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Mitsubishi UFJ Trust and Banking Corporation

Mitsubishi UFJ Securities Holdings Co., Ltd.

Mitsubishi UFJ NICOS Co., Ltd.

In the current fiscal year, MM Partnership and 6 other companies were newly consolidated following their formations or other reasons.

In the current fiscal year, UFJ Preferred Capital 1 Limited and 11 other companies were excluded from the scope of consolidation due to liquidation, mergers or other reasons.

(2)

Non-consolidated Subsidiaries:

MU Japan Fund PLC

MU Japan Fund PLC was excluded from the scope of consolidation, due to its insignificance in light of its assets, ordinary income, net income (to the extent of MUFG’s equity position) and retained earnings (to the extent of MUFG’s equity position), and other factors. Its exclusion from the scope of consolidation would not impede reasonable judgment as to the financial condition or performance of the MUFG Group.

(3)

Entities not accounted for as subsidiaries even though MUFG Group Owns the Majority of Votes:

(A)

Hygeia Co., Ltd.

This company was established as a property management agent for a land trust project as a passive investment without any intent to control.

(B)

THCAP investment Limited Partnership

Shonan Sangakurenkei Fund Investment Limited Partnership

Gunma Challenge Fund Investment Limited Partnership

FOODSNET Corporation

YAMAGATA FOODS Co., Ltd.

GREEN BELL Co., Ltd.

PATLITE Corporation

Dream Infinity Inc.

Nippon Computer Systems Corporation

MUFG’s consolidated venture capital subsidiaries participated in the management of partnerships as unlimited liability partners or own the majority of votes as passive investments primarily to benefit from the appreciation of their investments resulting from growth or restructuring of the investee’s businesses without any intent to control.

(4)

Special Purpose Companies (SPCs):

One SPC was utilized by a consolidated domestic trust bank subsidiary to securitize its financial assets. Information about this SPC, such as an outline of the SPC and the amounts and other details of transactions with the SPC, however, is omitted due to its insignificance.

Mitsubishi UFJ Financial Group, Inc.

2.	Application of Equity Method

(1)

Number of Non-consolidated Subsidiaries Accounted for under the Equity Method: 1

MU Japan Fund PLC

(2)

Number of Affiliates Accounted for under the Equity Method: 65

Principal companies:

Mitsubishi UFJ Lease & Finance Company Limited

In the current fiscal year, Morgan Stanley MUFG Securities Co., Ltd. and 4 other companies became companies accounted for under the equity method because MUFG acquired voting rights or for other reasons.

In the current fiscal year, The Senshu Bank, Ltd. and 1 other company were no longer accounted for under the equity method due to mergers or liquidation.

(3)

Number of Non-consolidated Subsidiaries not Accounted for under the Equity Method: None

(4)

Affiliates not Accounted for under the Equity Method

SCB Leasing Public Company Limited

This affiliate was not accounted for under the equity method due to its insignificance in light of its net income, retained earnings or deferred gains and losses on hedging instruments (to the extent of MUFG’s equity position) and other factors. Its exclusion from the scope of application of the equity method would not impede reasonable judgment as to the financial condition or performance of the MUFG Group.

(5)

Entities not Recognized as Affiliates in which MUFG Owns 20% to 50% of the Voting Rights:

(A)

Kyoto Constella Technologies Co., Ltd.

two-five Co., Ltd.

Pasto Co., Ltd.

Japan Medical Information Research Institute, Inc.

Pharma Frontier Co., Ltd.

NSCore, Inc.

SuperIndex Inc.

SyncPower Corporation

Spring co., ltd.

Beaunet Corporation Limited

REVO trading co., Ltd.

Centillion II Venture Capital Corporation

FirstLogic, Inc.

MUFG’s consolidated venture capital subsidiaries owned 20% to 50% of votes as passive investments primarily to benefit from the appreciation of their investments resulting from growth or restructuring of the investees’ businesses without any intent to control.

(B)

RYOGOKU CITY CORE Co., Ltd.

It was established as a property management agent for a land trust project as a passive investment without any intent to control.

Mitsubishi UFJ Financial Group, Inc.

3.	The Balance Sheet Dates of Consolidated Subsidiaries

(1)

The balance sheet dates of consolidated subsidiaries were as follows:


June 30:		1 subsidiary
August 31:		1 subsidiary
September 1:		1 subsidiary
October 31:		1 subsidiary
December 31:		130 subsidiaries
January 24:		24 subsidiaries
January 31:		1 subsidiary
February 28:		3 subsidiaries
March 31:		69 subsidiaries

(2)

A subsidiary whose balance sheet date is June 30 was consolidated based on its preliminary financial statements as of December 31.

A subsidiary whose balance sheet date is August 31 was consolidated based on its preliminary financial statements as of March 31.

A subsidiary whose balance sheet date is September 1 was consolidated based on its preliminary financial statements as of March 31.

A subsidiary whose balance sheet date is October 31 was consolidated based on its preliminary financial statements as of January 31.

Subsidiaries other than specified above were consolidated based on the financial statements as of their balance sheet dates.

Adjustments were made in the consolidated financial statements to reflect the significant transactions occurred between the balance sheet dates of the subsidiaries and the consolidated balance sheet date.

(3)

BTMU Financial Services, Inc., one of the consolidated subsidiaries, changed its balance sheet date from December 31 to March 31, from the current consolidated fiscal year. As a result, the period of its current consolidated fiscal year was 15 months from January 1, 2010 to March 31, 2011.

Mitsubishi UFJ Financial Group, Inc.

4.	Accounting Policies

(1)

Trading assets and trading liabilities; trading income and expenses

Transactions involving short-term fluctuations or arbitrage opportunities in interest rates, currency exchange rates, market prices of financial instruments or other market indices (“Trading transactions”) are presented in “Trading assets” and “Trading liabilities” in the consolidated balance sheet on a trade date basis, and gains and losses from trading transactions are presented in “Trading income” and “Trading expenses” in the consolidated statement of income on a trade date basis.

Trading assets and trading liabilities are stated at their fair values on the consolidated balance sheet date.

(2)

Securities

(A)

Debt securities being held to maturity are stated at amortized costs (using the straight-line method) computed under the moving average method. Investments in non-consolidated affiliates not accounted for under the equity method are stated at acquisition costs computed under the moving average method. Other securities with fair value are stated at their quoted market prices on the consolidated balance sheet date (cost of securities sold is calculated primarily under the moving average method), and other securities whose fair value is extremely difficult to estimate are stated at acquisition costs computed under the moving average method. Net unrealized gains (losses) on other securities are included directly in net assets, net of applicable income taxes, except in the case of securities with embedded derivatives, which are measured at fair value in their entirety with the change in fair value recognized in current earnings.

(B)

Securities which are held as trust assets in money held in trust are accounted for under the same basis as noted above in Notes (1) and (2)(A). Unrealized gains and losses on securities in money held in trust, which are not held for trading purposes or held to maturity, are included directly in net assets, net of applicable income taxes.

(3)

Derivatives

Derivatives transactions (other than trading transactions) are calculated primarily based on fair value.

(4)

Depreciation

(A)

Tangible Fixed Assets (except for Lease Assets)

Depreciation for tangible fixed assets of MUFG and its domestic consolidated banking subsidiaries and trust banking subsidiaries is computed under the declining-balance method.

The useful lives are primarily estimated as follows:

Buildings: 15 years to 50 years

Equipment: 2 years to 20 years

Depreciation for tangible fixed assets of other consolidated subsidiaries is computed primarily under the straight-line method based on their estimated useful lives.

(B)

Intangible Fixed Assets (except for Lease Assets)

Amortization for intangible fixed assets is computed under the straight-line method. Development costs for internally used software are capitalized and amortized under the straight-line method over the estimated useful lives of primarily 3 to 10 years.

(C)

Lease Assets

Depreciation or amortization for lease assets in “Tangible fixed assets” or “Intangible fixed assets” of the finance leases other than those that are deemed to transfer the ownership of leased property to the lessees is computed under the straight-line method over the lease term with zero residual value unless residual value is guaranteed by the corresponding lease contracts.

Mitsubishi UFJ Financial Group, Inc.

(5)

Deferred Assets

Stock issuance costs and bond issuance costs are expensed as incurred.

Discount on bonds recognized prior to March 31, 2006 is amortized using the straight-line method over the life of corresponding bonds and the unamortized portion is deducted directly from bonds in accordance with ASBJ PITF No. 19 “Tentative Solution on Accounting for Deferred Assets” (August 11, 2006).

(6)

Allowance for Credit Losses

Principal domestic consolidated subsidiaries provide allowance for credit losses in accordance with the internal standards for self-assessment of asset quality and the internal standards for write-offs and provisions.

For claims on borrowers that have entered into bankruptcy, special liquidation proceedings or similar legal proceedings or whose notes are dishonored and suspended from processing through clearing houses (“bankrupt borrowers”) or borrowers that are not legally or formally bankrupt but are regarded as substantially in a similar condition (“substantially bankrupt borrowers”), allowances are provided based on the amount of claims, after write-offs as stated below, net of expected amounts to be collected through the disposal of collateral and the execution of guarantees.

For claims on borrowers that are not yet legally or formally bankrupt but deemed to have a high possibility of becoming bankrupt (“potentially bankrupt borrowers”) excluding a portion of which principal and interest payment can be reasonably estimated from borrower’s cash flows, allowances are provided based on an overall solvency assessment of the claims, net of expected amounts to be collected through the disposal of collateral and the execution of guarantees.

For claims on potentially bankrupt borrowers and claims on borrowers requiring close monitoring, of which principal and interest payment can be reasonably estimated from borrower’s cash flows, allowances are provided in an amount equal to the difference between the book value of the claims and the relevant cash flows discounted by the initial contractual interest rates.

For other claims, allowances are provided based on historical credit loss experience.

For claims originated in specific foreign countries, additional allowances are provided based on an assessment of political and economic conditions of these countries.

All claims are assessed by branches and the credit supervision departments in accordance with the internal standards for self-assessment of asset quality. The credit review department, which is independent from those operating sections, subsequently audits these assessments. The allowances presented above reflect these internally audited assessments.

For claims on bankrupt borrowers and substantially bankrupt borrowers, the amount of claims exceeding the estimated value of collateral or guarantees, that is deemed uncollectible, were written-off. The total amount of write-offs was ¥912,112 million.

Consolidated subsidiaries, not adopting procedures stated above, provide allowances based on their historical credit loss experience for general claims and based on individual assessments of the possibility of collection for specific deteriorated claims.

(7)

Reserve for Bonuses

Reserve for bonuses, which is prepared for future bonus payments to employees, reflects an estimated amount accrued on the consolidated balance sheet date.

(8)

Reserve for Bonuses to Directors

Reserve for bonuses to directors, which is prepared for future bonus payments to directors, reflects an estimated accrued on the consolidated balance sheet date.

Mitsubishi UFJ Financial Group, Inc.

(9)

Reserve for Retirement Benefits

Reserve for retirement benefits, which is provided for future pension payments to employees, is recorded in the amount deemed accrued at the consolidated balance sheet date based on the projected benefit obligation and the estimated plan asset amount at the end of each fiscal year.

Unrecognized prior service cost is amortized under the straight-line method for a period, primarily over 10 years, within the employees’ average remaining service period, commencing on the fiscal year in which the cost is incurred.

Unrecognized net actuarial gains (losses) are amortized under the straight-line method for a period, primarily over 10 years, within the employees’ average remaining service period, commencing on the fiscal year immediately following the fiscal year in which the gains (losses) are incurred.

(10)

Reserve for Retirement Benefits to Directors

Reserve for retirement benefits to directors, which is provided for future payments of retirement benefits to directors of subsidiaries, is recorded in the amount deemed accrued at the consolidated balance sheet date based on the estimated amount of benefits.

(11)

Reserve for Loyalty Award Credits

Reserve for loyalty award credits, which is provided to meet future use of credits granted to credit card (such as “Super IC card”) customers, is recorded in the amount deemed necessary based on the estimated future use of unused credits.

(12)

Reserve for Contingent Losses

Reserve for contingent losses, which is provided for possible losses from contingent events related to off-balance sheet and other transactions, is calculated by estimating the impact of such contingent events and includes future claims for repayment of excess interest payments on consumer loans which are estimated based on the past and pending claims.

(Changes in Accounting Policies)

Some of the consolidated subsidiaries recorded part of their receivables allocated to offset future claims of repayment of interest, as part of allowance for credit losses, simply because of the technical difficulty in drawing distinction between such part of receivables and write-offs of loans. From the fiscal year under review, however, such part of receivables including allowances of similar nature at other consolidated subsidiaries started to be recorded appropriately as reserve for contingent losses, thanks to enough accumulation and development of actual repayment data to enable such distinction by the year end.

Such change from the hitherto applied recording practice had impact on neither “Ordinary profits” nor “Income before income taxes and others”. Naturally, however, at the end of the current fiscal year, “Allowance for credit losses” decreased by ¥107,893 million while “Reserve for contingent losses” increased by the same amount.

As the end of the interim period under review, some of the consolidated subsidiaries recorded part of their receivables allocated to cancel out the interest repayment as part of allowance for credit losses, because they had not yet accumulated and developed actual repayment for the purpose of distinguishing such part of receivables from write-offs of loans. Such part of receivables recorded as part of allowance for credit losses amounted to ¥117,392 million as at the end of the interim period, which, however, had impact on neither “Ordinary profits” nor “Income before income taxes and minority interests”

(Additional Information)

The method for estimation including reasonable estimation period for the calculation of reserve for contingent losses was revised to more sophisticated method due to the sufficient accumulation and development of actual repayment data at some of the consolidated subsidiaries after the full enforcement in June 2010 of the revised Money Lending Business Act.

As a result of this change in method for estimation, “Ordinary profits” and “Income before income taxes and others” decreased by ¥71,787 million, respectively.

Mitsubishi UFJ Financial Group, Inc.

(13)

Reserves under Special Laws

Reserves under special laws represented the ¥2,235 million of reserve for contingent liabilities from financial instruments transactions set aside in accordance with Article 46-5-1 and Article 48-3-1 of the Financial Instruments and Exchange Law and Articles 175 and 189 of the Cabinet Office Ordinance on Financial Instruments Business.

(14)

Assets and Liabilities Denominated in Foreign Currencies

Assets and liabilities denominated in foreign currencies or booked at overseas branches of domestic consolidated banking subsidiaries and domestic consolidated trust banking subsidiaries are translated into yen primarily at exchange rates in effect on the respective balance sheet date, except for investments in non-consolidated affiliates which are translated into yen at exchange rates in effect on the acquisition dates.

Assets and liabilities denominated in foreign currencies of other consolidated subsidiaries are translated into yen at the exchange rates in effect on the consolidated balance sheet date.

(15)

Leasing Transactions

(As Lessees)

Domestic consolidated subsidiaries’ finance leases other than those that are deemed to transfer the ownership of leased property to the lessees, which commenced in fiscal years beginning on or after April 1, 2008, are accounted for in a similar way to purchases and depreciation for lease assets is computed under the straight-line method over the lease term with zero residual value unless residual value is guaranteed by the corresponding lease contracts.

Finance leases other than those that are deemed to transfer the ownership of leased property to the lessees, which commenced in fiscal years beginning prior to April 1, 2008, are accounted for in a similar way to operating leases.

(As Lessors)

Finance leases other than those that are deemed to transfer the ownership of leased property to the lessees are accounted for in a similar way to sales and income and expenses related to such leases are recognized by allocating interest equivalents to applicable fiscal periods instead of recording sales and costs of goods sold.

(16)

Hedge Accounting

(A)

Hedge Accounting for Interest Rate Risks

Domestic consolidated banking subsidiaries and domestic consolidated trust banking subsidiaries have adopted the deferred hedge accounting method for hedging transactions for interest rate risks arising from financial assets and liabilities. Individual hedging or portfolio hedging, as described in the Japanese Institute of Certified Public Accountants (“JICPA”) Industry Audit Committee Report No. 24, “Treatment of Accounting and Auditing of Application of Accounting Standard for Financial Instruments in Banking Industry” (February 13, 2002) and JICPA Accounting Committee Report No. 14, “Practical Guidelines for Accounting for Financial Instruments” (January 31, 2000), are primarily applied to determine hedged items.

With respect to hedging transactions to offset fluctuations in the fair value of fixed rate deposits, loans and other instruments, hedging instruments (e.g. interest rate swaps) are designated to hedged items individually or collectively by their maturities in accordance with Industry Audit Committee Report No. 24. With respect to hedging transactions to offset fluctuations in fair value of fixed rate bonds classified as other securities, hedging instruments (e.g. interest rate swaps) are designated to hedged items collectively by the type of bond. Since material terms related to hedged items and hedging instruments are substantially identical, and such hedging transactions are deemed highly effective, the assessment of effectiveness is based on the similarity of the terms.

With respect to hedging transactions to fix the cash flows related to floating rate deposits and loans as well as forecasted transactions related to short-term fixed rate deposits, loans and other instruments, hedging instruments (e.g. interest rate swaps) are designated to hedged items collectively by interest rate indices and tenors in accordance with Industry Audit Committee Report No. 24. Since material terms related to hedged items and hedging instruments are substantially identical, and such hedging transactions are deemed highly effective, the assessment of effectiveness is based on the similarity of the terms. The effectiveness of hedging transactions is also assessed by verifying the correlation of interest rate movement factor between hedged items and hedging instruments.

As of March 31, 2003, deferred hedge losses and gains were recorded in the consolidated balance sheet as a result of the application of macro hedge accounting based on JICPA Industry Audit Committee Report No. 15 “Tentative Treatment for Accounting and Auditing in Adoption of Accounting Standards for Banking Industry” (February 15, 2000), under which the overall interest rate risks arising from numerous deposits, loans and other instruments are hedged collectively by derivative transactions. These losses and gains are amortized as expense or income over the remaining lives of the macro hedging instruments (for a maximum period of 15 years from April 1, 2003). Deferred hedge losses and gains attributable to macro hedge accounting at the end of the current fiscal year are ¥2,374 million (before tax effect adjustment) and ¥1,872 million (before tax effect adjustment), respectively.

Mitsubishi UFJ Financial Group, Inc.

(B)

Hedge Accounting for Foreign Currency Risks

Domestic consolidated banking subsidiaries and domestic consolidated trust banking subsidiaries have adopted the deferred hedge accounting method for hedging foreign currency risks arising from financial assets and liabilities denominated in foreign currencies. Portfolio hedging is applied to determine hedged items as described in JICPA Industry Audit Committee Report No. 25 “Treatment of Accounting and Auditing concerning Accounting for Foreign Currency Transactions in the Banking Industry” (July 29, 2002). Hedging instruments (e.g. currency swaps and forward exchange contracts) are designated to hedged items collectively by currencies.

Domestic consolidated banking subsidiaries and domestic consolidated trust banking subsidiaries have adopted deferred hedge accounting method for hedging transactions for foreign currency risks arising from investments in subsidiaries denominated in foreign currencies, while adopting the fair value hedge accounting method for hedging transactions for foreign currency risks arising from foreign securities (other than bonds). Portfolio hedging and individual hedging are applied to determine hedged items. Liabilities denominated in foreign currencies and forward exchange contracts are used as hedging instruments.

(C)

Transactions among Consolidated Subsidiaries

Derivative transactions including interest rate swaps and currency swaps which are designated as hedging instruments among consolidated subsidiaries or between trading accounts and other accounts (or among internal sections) are not eliminated from the consolidated statements of income or valuation difference, but are recognized as related gains or losses or deferred under hedge accounting because these derivative transactions are executed, meeting certain criteria under JICPA Industry Audit Committee Reports No. 24 and No. 25 and they are regarded as equivalent to external third party transactions.

(17)

Amortization of Goodwill

Goodwill, and negative goodwill recognized on or before March 31, 2010 are amortized using the straight-line method over 20 years starting from the period of the consolidation. Goodwill with insignificant balances was expensed as incurred.

(18)

Cash and Cash Equivalents in the Consolidated Statements of Cash Flows

Cash and cash equivalents in the consolidated statements of cash flows are defined as “Cash and due from banks” on the consolidated balance sheet, excluding time deposits and negotiable certificates of deposits in other banks.

(19)

Consumption Taxes

National and local consumption taxes are excluded from transaction amounts. Non-deductible portions of consumption taxes on the purchases of tangible fixed assets are expensed when incurred.

(20)

Accounting Standard for Foreign Subsidiaries

Financial statements of foreign subsidiaries are used for consolidated accounting as long as they are prepared in accordance with the International Financial Reporting Standards (“IFRS”) or U.S. GAAP.

If they are prepared in accordance with a generally accepted accounting principles in each domicile country and not with IFRS or U.S. GAAP, the financial statements of foreign subsidiaries are adjusted in accordance with U.S. GAAP and in the process of consolidation. They were also adjusted when necessary in the process of consolidation.

Mitsubishi UFJ Financial Group, Inc.

Changes in Significant Accounting Policies Applied in the Preparation of the Consolidated Financial Statements

1.	Accounting Standard for Asset Retirement Obligations

Starting from the current fiscal year, we applied “Accounting Standard for Asset Retirement Obligations” (ASBJ Statement No. 18 issued on March 31, 2008) and “Guidance on Accounting Standard for Asset Retirement Obligations” (ASBJ Guidance No. 21 issued on March 31, 2008).

Following the implementation stated above, “Ordinary profits” and “Income before income taxes and others” decreased by ¥1,629 million and ¥25,808 million, respectively.

2.	Accounting Standard for Business Combinations and Other Standards

Starting from the current fiscal year, we applied “Accounting Standard for Business Combinations” (ASBJ Statement No. 21 issued on December 26, 2008), “Accounting Standard for Consolidated Financial Statements” (ASBJ Statement No. 22 issued on December 26, 2008), “Partial amendments to Accounting Standard for Research and Development Costs” (ASBJ Statement No. 23 issued on December 26, 2008), “Revised Accounting Standard for Business Divestitures” (ASBJ Statement No. 7 issued on December 26, 2008), “Revised Accounting Standard for Equity Method of Accounting for Investments” (ASBJ Statement No. 16 issued on December 26, 2008), and “Revised Guidance on Accounting Standard for Business Combinations and Accounting Standard for Business Divestitures” (ASBJ Guidance No. 10 issued on December 26, 2008).

Mitsubishi UFJ Financial Group, Inc.

New Presentation Rule

1.	Consolidated Statement of Income

As a result of the adoption of the format in the exhibit of the “Enforcement Ordinance of the Banking Law” (Ordinance of the Ministry of Finance No. 10 in 1982) following the revision by the “Cabinet Office Ordinance for Partial Amendment to the Enforcement Ordinance of the Banking Law” (Cabinet Office Ordinance No. 41, September 21, 2010), “Income before minority interests” started to be presented.

Additional Information

Starting from the current fiscal year, we applied ASBJ PITF No. 25 “Practical Solution on Measurement of Fair Value for Financial Assets” (June 30, 2010). As a result, amounts included under “Valuation and translation adjustments” and “Total valuation and translation adjustments” in the previous fiscal year are now presented as “Accumulated other comprehensive income” and “Total accumulated other comprehensive income,” respectively.

Mitsubishi UFJ Financial Group, Inc.

Notes to the Consolidated Financial Statements

(Consolidated Balance Sheet)

1.	Securities include ¥600,893 million in stock and ¥24,849 million in investments of non-consolidated subsidiaries and affiliates.

For borrowed securities under securities borrowing transactions and securities purchased under resale agreements, which were permitted to sell or re-pledge without restrictions, ¥5,625,440 million of such securities was re-pledged, ¥417,301 million of such securities was re-loaned and ¥3,018,365 million was held by MUFG Group at the consolidated balance sheet date.

3.	Loans to bankrupt borrowers: ¥53,116 million.

Non-accrual delinquent loans: ¥1,022,139 million.

Loans to bankrupt borrowers are loans, after write-offs, to bankrupt borrowers as defined in Article 96-1-3-1 to 5 and 96-1-4 of the Enforcement Ordinance of the Corporate Tax Law (No. 97 in 1965) on which accrued interest income is not recognized (“Non-accrual loans”) as there is substantial doubt as to the collection of principal and/or interest because of delinquencies in payment of principal and/or interest for a significant period of time or for some other reasons.

Non-accrual delinquent loans represent non-accrual loans other than loans to bankrupt borrowers and loans renegotiated at concessionary terms including reduction or deferral of interest due to borrowers’ weakened financial condition.

4.	Loans past due for 3 months or more: ¥142,789 million.

Loans past due for 3 months or more represent loans whose principal and/or interest payments have been past due for 3 months or more excluding loans to bankrupt borrowers and non-accrual delinquent loans.

5.	Restructured loans: ¥574,503 million.

Restructured loans represent loans renegotiated at concessionary terms including reduction or deferral of interest or principal and waiver of the claims due to the borrower’s weakened financial condition, excluding loans to bankrupt borrowers, non-accrual delinquent loans and loans past due for 3 months or more.

6.	The total amount of loans to bankrupt borrowers, non-accrual delinquent loans, loans past due for 3 months or more and restructured loans was ¥1,792,549 million.

The amounts provided in Notes 3 to 6 represent gross amounts before the deduction of allowances for credit losses.

Bills discounted were accounted for as financial transactions in accordance with JICPA Industry Audit Committee Report No. 24. MUFG’s banking subsidiaries and trust banking subsidiaries had rights to sell or pledge bank acceptances bought, commercial bills discounted, documentary bills and foreign exchanges bought without restrictions. The total face value of these bills was ¥821,448 million.

8.	Assets pledged as collateral were as follows:


Cash and due from banks:			¥4,015 million
Trading assets:			¥459,408 million
Securities:			¥2,934,348 million
Loans and bills discounted:			¥3,278,409 million
Other assets:			¥73,066 million

Liabilities related to pledged assets were as follows:


Deposits:			¥285,157 million
Call money and bills sold:			¥480,000 million
Trading liabilities:			¥62,999 million
Borrowed money:			¥5,872,950 million
Bonds payable:			¥69,380 million
Other liabilities:			¥56,200 million
Acceptances and guarantees:			¥597 million

Mitsubishi UFJ Financial Group, Inc.

In addition to the items listed above, ¥10,851 million of cash and due from banks, ¥116,977 million of monetary claims bought, ¥383,395 million of trading assets, ¥20,785,086 million of securities, and ¥4,485,623 million of loans and bills discounted were pledged as collateral for cash settlements and other transactions or as deposits for margin accounts of futures and other transactions. ¥2,304,454 million of trading assets and ¥7,578,750 million of securities were sold under repurchase agreements or loaned under secured lending transactions with cash collateral. Payables corresponding to the assets sold or loaned under repurchase agreements and under securities lending transactions were ¥8,138,544 million and ¥1,782,193 million, respectively.

Bills rediscounted were accounted for as financial transactions in accordance with Industry Audit Committee Report No. 24. The total face value of rediscounted bank acceptances bought, commercial bills discounted, documentary bills and bills of exchange rediscounted was ¥8,045 million.

Overdraft facilities and commitment lines of credit are binding contracts under which MUFG’s consolidated subsidiaries have obligations to disburse funds up to predetermined limits upon the borrower’s request as long as there have been no breach of contracts. The total amount of the unused portion of these facilities was ¥67,341,228 million.

The total amount of the unused portion does not necessarily represent actual future cash requirements because many of these contracts are expected to expire without being drawn upon. In addition, most of these contracts include clauses which allow MUFG’s consolidated subsidiaries to decline the borrower’s request for disbursement or decrease contracted limits for cause, such as changes in financial conditions or deterioration in the borrower’s creditworthiness. MUFG’s consolidated subsidiaries may request the borrowers to pledge real property and/or securities as collateral upon signing of the contract and will perform periodic monitoring on the borrower’s business conditions in accordance with internal procedures, which may lead to renegotiation of the terms and conditions of the contracts and/or initiate the request for additional collateral and/or guarantees.

10.

In accordance with the “Law concerning Revaluation of Land” (the “Law”) (No. 34, March 31, 1998), land used for business operations of domestic consolidated banking subsidiary and domestic consolidated trust banking subsidiary has been revalued as of the dates indicated below. The total excess from revaluation, net of income taxes corresponding to the excess which were recognized as “Deferred tax liabilities for land revaluation”, is stated as “Land revaluation excess” in net assets. Land revaluation excess includes MUFG’s share of affiliated companies’ land revaluation excess.

Dates of revaluation:


Domestic consolidated banking subsidiaries		March 31, 1998

Domestic consolidated trust banking subsidiaries		March 31, 1998, December 31, 2001 and March 31, 2002

The method of revaluation as set forth in Article 3, Paragraph 3 of the “Law”:

Fair values are determined based on (1) “published land price under the Land Price Publication Law” stipulated in Article 2-1 of the “Enforcement Ordinance of the Law concerning Revaluation of Land” (“Ordinance”) (No. 119, March 31, 1998), (2) “standard land price determined on measurement spots under the Enforcement Ordinance of National Land Planning Law” stipulated in Article 2-2 of the “Ordinance,” (3) “land price determined by the method established and published by the Director General of the National Tax Agency in order to calculate land value which is used for determining taxable amounts subject to landholding tax articulated in Article 16 of the Landholding Tax Law” stipulated in Article 2-4 of the “Ordinance” with price adjustments by shape and time and (4) appraisal by certified real estate appraisers stipulated in Article 2-5 of the “Ordinance” with price adjustments for time.

The difference between the fair value of land used for business operations revaluated in accordance with Article 10 of the law as of the end of the current fiscal year and the book value of such land following the revaluation was ¥58,012 million.

In addition, some of our affiliates that were accounted under equity method did the revaluation for land used for business operations on March 31, 2002.

Mitsubishi UFJ Financial Group, Inc.

11.	Accumulated depreciation on tangible fixed assets: ¥1,119,317 million.

12.	Deferred gains on tangible fixed assets deducted for tax purposes: ¥86,498 million.

13.	Borrowed money included ¥797,300 million of subordinated borrowings.

14.	Bonds payable included ¥3,390,061 million of subordinated bonds.

15.	Goodwill and negative goodwill recognized on or before March 31, 2010 were net out and presented in “Goodwill”. The balances of goodwill and negative goodwill before net out were as follows:


Goodwill:	¥	478,420 million
Negative goodwill:	¥	27,454 million

Balance after net out:	¥	450,965 million

16.	The principal amount of money trusts entrusted to domestic trust banking subsidiaries, for which repayment of the principal to the customers was guaranteed, was ¥1,033,111 million.

17.	Guarantee obligations for private placement bonds in “Securities” (provided in accordance with the Article 2-3 of the Financial Instruments and Exchange Law) was ¥2,163,580 million.

Mitsubishi UFJ Financial Group, Inc.

(Consolidated Statements of Income)

1.	“Other ordinary income” included ¥64,174 million of gains on sales of equity securities and ¥22,783 million of income from leasing and other businesses at the consolidated subsidiaries operating leasing business.

2.	“Other ordinary expenses” included ¥335,690 million of reserve for contingent losses and ¥261,233 million of write-offs of loans.

3.	“Goodwill” was amortized in accordance with the provisions in Paragraph 32 of JICPA Accounting Committee Report No. 7 “Practical Guidelines on the Capital Consolidation Procedure in Consolidated Financial Statements” (May 12, 1998).

4.	“Business structure improvement expenses” included ¥10,846 million of extra early retirement payments.

Mitsubishi UFJ Financial Group, Inc.

(Consolidated Statements of Comprehensive Income)

1.	Other comprehensive income for the previous consolidated fiscal year


Other comprehensive income	¥	1,224,964 million
Net unrealized gains (losses) on other securities	¥	1,176,317 million
Net deferred gains (losses) on hedging instruments		(¥18,320 million	)
Foreign currency translation adjustments	¥	47,913 million
Pension liability adjustments of the subsidiaries preparing financial statements under US GAAP	¥	14,891 million
Share of other comprehensive income of the companies accounted for under the equity method	¥	4,161 million

2.	Comprehensive income for the previous consolidated fiscal year


Comprehensive income	¥	1,670,737 million
Comprehensive income attributable to owners of the parent	¥	1,612,467 million
Comprehensive income attributable to minority interests	¥	58,269 million

Mitsubishi UFJ Financial Group, Inc.

(Consolidated Statements of Changes in Net Assets)

1.	Detailed Information regarding Outstanding Shares (Thousand shares)


	Number of shares as of March 31, 2010		Number of shares increased		Number of shares decreased		Number of shares as of March 31, 2011		Notes
Outstanding shares
Common stock		14,148,414		2,479		—		14,150,894	(1)
First series of class 3 preferred stock		100,000		—		100,000		—	(2)
First series of class 5 preferred stock		156,000		—		—		156,000
Class 11 preferred stock		1		—		—		1
Total		14,404,415		2,479		100,000		14,306,895
Treasury stock
Common stock		9,781		83		452		9,413	(3)
First series of class 3 preferred stock		—		100,000		100,000		—	(4)
Total		9,781		100,083		100,452		9,413

(1)

Increase in the number of common stock by 2,479 thousand shares was due to the exercise of stock options.

(2)

Decrease in the number of shares of first series of class 3 preferred stock by 100,000 thousand shares was due to the retirement.

(3)

Increase in the number of common stock held in treasury by 83 thousand shares was mainly due to repurchase of stocks constituting less than a unit and an increase in the number of shares held by affiliates accounted for under the equity method. Decrease in the number of common stock held in treasury by 452 thousand shares was mainly due to sale of shares in response to requests made by shareholders holding shares constituting less than a unit, exercise of stock options, and sale of shares by affiliates accounted for under the equity method.

(4)

Increase in the number of shares of first series of class 3 preferred stock held in treasury by 100,000 thousand shares was due to the acquisition of all of such shares pursuant to the acquisition clause of the Articles of Incorporation. The decrease by 100,000 thousand shares was due to the retirement of acquired shares of these preferred stocks.

2.	Information regarding Subscription Rights to Shares and Subscription Rights to Treasury Stock

Issuer

Type of

Subscription rights to
shares

Type of
shares to
be issued

Number of shares subject to subscription rights

Balance as of
March 31,
2011
(in millions
of yen)

As of
March 31,
2010

Increase

Decrease

As of
March 31,
2011

MUFG

Subscription rights to shares

(Treasury shares)

—

(—)

—

(—)

—

(—)

—

(—)

—

(—)

Stock options

—

7,188

Consolidated subsidiaries (Treasury shares)

—

(—)

Total

—

7,192

(—)

Mitsubishi UFJ Financial Group, Inc.

3.	Detailed Information regarding Cash Dividends

(A)

Dividends Paid in the Fiscal Year Ended March 31, 2011


Date of approval	Type of shares	Total Dividends (in millions of yen)		Dividend per share (¥)		Dividend record date	Effective date
General meeting of shareholders on June 29, 2010	Common stock		84,887		6	March 31, 2010	June 29, 2010
	First series of class 3 preferred stock		3,000		30
	First series of class 5 preferred stock		8,970		57.5
	Class 11 preferred stock		0		2.65
Board of directors meeting on November 15, 2010	Common stock		84,904		6	September 30, 2010	December 8, 2010
	First series of class 5 preferred stock		8,970		57.5
	Class 11 preferred stock		0		2.65

The total amount of dividends above includes ¥157 million paid to consolidated subsidiaries.

(B)

Dividends with Record Dates before March 31, 2011 and Effective Dates after April 1, 2011

The following matters relating to dividends are planned to be submitted to shareholder vote at an ordinary general meeting of shareholders scheduled to be held on June 29, 2011.

Date of approval

(scheduled)

Type of shares

Total Dividends
(in millions of
yen)

Source of
dividends

Dividend
per share
(¥)

Dividend
record date

Effective
Date

General meeting of shareholders on June 29, 2011

Common shares

84,904

Retained
earnings

March 31,
2011

June 29,
2011

First series of class 5 preferred stock

8,970

57.5

Class 11 preferred stock

2.65

Mitsubishi UFJ Financial Group, Inc.

(Consolidated Statements of Cash Flows)

The difference between “cash and cash equivalents” and items presented on the consolidated balance sheet.

As of March 31, 2011


Cash and due from banks on the consolidated balance sheet:	¥	10,406,053 million
Time deposits and negotiable certificates of deposit in other banks:	¥	(5,486,969 million	)

Cash and cash equivalents:	¥	4,919,083 million

Mitsubishi UFJ Financial Group, Inc.

(Financial Instruments)

Fair Value of Financial Instruments

(1)

The following table summarizes the amount stated in the consolidated balance sheet and the fair value of financial instruments as of March 31, 2011 together with their differences. Note that the following table does not include non-listed equity securities and certain other securities for which fair value is difficult to determine.


	Consolidated balance sheet amount (in millions of yen)			Fair value (in millions of yen)		Difference (in millions of yen)
(1) Cash and due from banks		10,406,053			10,406,053		—
(2) Call loans and bills bought		361,123			361,123		—
(3) Receivables under resale agreements		4,997,138			4,997,138		—
(4) Receivables under securities borrowing transactions		3,621,210			3,621,210		—
(5) Monetary claims bought (*1)		2,700,617			2,726,667		26,050
(6) Trading assets		6,308,170			6,308,170		—
(7) Money held in trust		357,159			357,159		—
(8) Securities
Debt securities being held to maturity		2,281,921			2,288,556		6,635
Other securities		66,790,549			66,790,549		—
(9) Loans and bills discounted		79,995,024
Allowance for credit losses (*1)		(901,822	)

		79,093,202			79,854,463		761,260

(10) Foreign exchanges (*1)		1,140,201			1,140,201		—

Total assets		178,057,347			178,851,294		793,946

(1) Deposits		124,144,337			124,205,949		61,612
(2) Negotiable certificates of deposit		10,961,012			10,965,010		3,998
(3) Call money and bills sold		2,311,428			2,311,428		—
(4) Payables under repurchase agreements		12,385,585			12,385,585		—
(5) Payables under securities lending transactions		2,102,757			2,102,757		—
(6) Commercial papers		101,688			101,688		—
(7) Trading liabilities		2,850,057			2,850,057		—
(8) Borrowed money		8,895,546			8,936,028		40,482
(9) Foreign exchanges		685,309			685,309		—
(10) Short-term bonds payable		436,967			436,967		—
(11) Bonds payable		6,438,685			6,529,537		90,852
(12) Due to trust accounts		1,459,108			1,459,108		—

Total liabilities		172,772,485			172,969,429		196,944

Derivative transactions (*2)
Activities not qualifying for hedges		281,871			281,871		—
Activities qualifying for hedges		130,692			130,692		—

Total derivative transactions		412,563			412,563		—

(*1)	General and specific reserves for credit losses corresponding to loans are deducted. However, with respect to items other than loans, the amount stated in the consolidated balance sheet is shown since the amount of reserve for credit losses corresponding to these items is insignificant.

(*2)	Derivative transactions in trading assets and liabilities as well as other assets and liabilities are shown together. Assets and liabilities arising from derivative transactions are presented on a net basis.

Mitsubishi UFJ Financial Group, Inc.

(2)	The following table summarizes financial instruments whose fair value is extremely difficult to estimate. These securities are not included in the amount presented under the line item “Assets – (8) Other securities” in the table summarizing fair value of financial instruments.


Category	Carrying amount (in millions of yen)
(1) Non-listed equity securities (1) (2)		1,138,586
(2) Investments in partnerships etc. (2) (3)		185,009
(3) Others (*2)		1,827
Total		1,325,423

(*1)

Non-listed equity securities do not carry quoted market prices. Since it was extremely difficult to estimate the fair value of these securities, their fair value was not disclosed.

(*2)

With respect to non-listed equity securities, an impairment loss of ¥12,182 million was recorded in the current fiscal year.

(*3)

Investments in partnerships, etc. mainly include silent partnerships and investment partnerships, etc., and they do not carry quoted market prices. Since it is extremely difficult to estimate the fair value of these securities, their fair value is not disclosed.

Mitsubishi UFJ Financial Group, Inc.

(Securities)

In addition to “Securities” in the consolidated balance sheet, the figures in the following tables included trading account securities, securities related to trading transactions and short-term corporate bonds classified as “Trading assets”, negotiable certificates of deposit in “Cash and due from banks” and beneficiary certificates of commodities investment trusts in “Monetary claims bought” and others.

1. Trading Securities (as of March 31, 2011)


		(in millions of yen)
		Net unrealized gains (losses) recorded in the consolidated statement of income during this period
Trading securities		(4,518)

2.	Debt Securities Being Held to Maturity (as of March 31, 2011)


	(in millions of yen)
	Type of securities	Amount on consolidated balance sheet		Fair value		Difference
Securities for which the fair value exceeds the amount recorded in consolidated balance sheet	Securities		1,140,645		1,149,825		9,180
	Government bonds		967,312		974,891		7,579
	Municipal bonds		22,666		22,845		178
	Corporate bonds		150,666		152,088		1,422
	Other Securities		1,362,814		1,402,127		39,312
	Foreign bonds		694,799		701,968		7,168
	Other		668,014		700,159		32,144
	Subtotal		2,503,459		2,551,952		48,492
Securities for which the fair value does not exceed the amount recorded in consolidated balance sheet	Securities		3,818		3,798		(19	)
	Government bonds		—		—		—
	Municipal bonds		—		—		—
	Corporate bonds		3,818		3,798		(19	)
	Other Securities		792,291		778,668		(13,623	)
	Foreign bonds		442,658		432,964		(9,693	)
	Other		349,633		345,703		(3,929	)
	Subtotal		796,109		782,467		(13,642	)
Total			3,299,569		3,334,419		34,850

Mitsubishi UFJ Financial Group, Inc.

3. Other Securities (as of March 31, 2011)


	(in millions of yen)
	Type of securities	Amount on consolidated balance sheet		Acquisition cost		Difference
Securities for which the fair value exceeds the acquisition cost	Domestic equity securities		1,979,726		1,266,206		713,520
	Domestic bonds		23,217,050		23,035,704		181,345
	Government bonds		19,882,442		19,763,904		118,538
	Municipal bonds		190,168		183,589		6,578
	Corporate bonds		3,144,438		3,088,210		56,228
	Other Securities		7,127,804		6,898,165		229,639
	Foreign equity securities		280,849		197,078		83,771
	Foreign bonds		6,186,624		6,090,972		95,651
	Other		660,330		610,113		50,216
	Subtotal		32,324,581		31,200,076		1,124,505
Securities for which the fair value does not exceed the acquisition cost	Domestic equity securities		1,586,631		2,018,854		(432,223	)
	Domestic bonds		24,881,425		24,991,941		(110,515	)
	Government bonds		24,092,132		24,186,735		(94,602	)
	Municipal bonds		10,110		10,119		(9	)
	Corporate bonds		779,181		795,085		(15,904	)
	Other Securities		8,405,879		8,660,012		(254,133	)
	Foreign equity securities		1,384		1,496		(111	)
	Foreign bonds		7,450,885		7,593,344		(142,459	)
	Other		953,609		1,065,171		(111,562	)
	Subtotal		34,873,936		35,670,808		(796,872	)
Total			67,198,517		66,870,884		327,632

(*)	The total difference amount shown in the above table includes ¥5,108 million revaluation losses of securities with embedded derivatives.

Mitsubishi UFJ Financial Group, Inc.

4.	Other Securities Sold during the Fiscal Year (from April 1, 2010, to March 31, 2011)


	(in millions of yen)
	Amount sold		Gains on sales		Losses on sales
Domestic equity securities		441,076		55,085		45,371
Domestic bonds		59,091,027		163,486		24,080
Government bonds		58,604,995		157,546		23,761
Municipal bonds		267,463		3,362		195
Corporate bonds		218,568		2,576		123
Other Securities		18,432,802		209,920		89,792
Foreign equity securities		3,894		372		131
Foreign bonds		18,110,632		201,598		80,523
Other		318,275		7,949		9,136
Total		77,964,907		428,491		159,244

5.	Securities Incurred Impairment Losses

Securities that have fair value (excluding those held for trading purposes) are subject to write-downs when their fair value has declined considerably and it is not probable that the value will recover to the acquisition cost as of the end of the current fiscal year. In such case, the fair value is recorded in the consolidated balance sheet and the difference between fair value and acquisition cost is recognized as a loss for the fiscal year (referred to as “impairment losses”).

For the current fiscal year, impairment losses were ¥68,861 million consisting of ¥57,550 million of impairment losses on equity securities and ¥11,311 million of impairment losses on bonds and other securities in which securities whose fair value was extremely difficult to estimate were included.

“Considerable decline in market value” was determined based on the classification of issuers in accordance with the internal standards for self-assessment of asset quality as follows:

Bankrupt, Substantially bankrupt or Potentially bankrupt issuers:

Fair value is lower than acquisition cost.

Issuers requiring close monitoring:

Market value has declined 30% or more from acquisition cost.

Other issuers:

Market value has declined 50% or more from acquisition cost.

“Bankrupt issuer” means issuer who has entered into bankruptcy, special liquidation proceedings or similar legal proceedings or whose notes have been dishonored and suspended from processing through clearing houses. “Substantially bankrupt issuer” means issuer who is not legally or formally bankrupt but regarded as substantially in a similar condition. “Potentially bankrupt issuer” means issuer who is not legally bankrupt but deemed to have high possibility of becoming bankrupt. “Issuer requiring close monitoring” means issuer who is financially weak and under close monitoring conducted by MUFG’s subsidiaries.

Mitsubishi UFJ Financial Group, Inc.

(Money Held in Trust)

1.	Money Held in Trust for Trading Purpose (as of March 31, 2011)

2.	Money Held in Trust Being Held to Maturity (as of March 31, 2011): None

3.	Money Held in Trust not for Trading Purpose or Being Held to Maturity (as of March 31, 2011)


	(in millions of yen)
	(a) Amount on consolidated balance sheet		(b) Acquisition cost		Difference (a)-(b)		Money held in trust with respect to which (a) exceeds (b)		Money held in trust with respect to which (a) does not exceed (b)
Money held in trust not for trading purpose or being held to maturity		306,253		306,031		222		381		159

(*)	“Money held in trust with respect to which (a) exceeds (b)” and “Money held in trust with respect to which (a) does not exceed (b)” are showing the breakdown of the difference between (a) and (b).

(Net Unrealized Gains (Losses) on Other Securities)

Detailed information regarding net unrealized gains (losses) on other securities (as of March 31, 2011)


	(in millions of yen)
Net unrealized gains (losses) on other securities		215,815
Other securities		335,744
Money held in trust not for trading purpose or being held to maturity		222
Reclassification from “Other securities” to “Debt securities being held to maturity”		(120,151	)
Deferred tax liabilities		(129,443	)
Net unrealized gains (losses) on other securities, net of deferred tax liabilities (before MUFG’s ownership share of affiliates’ unrealized gains (losses) adjustments)		86,372
Minority interests		15,602
MUFG’s ownership share of affiliates’ unrealized gains (losses) on other securities		(11,208	)
Total		90,765

(*1)	“Net unrealized gains (losses) on other securities” shown in the above table excluded ¥5,108 million revaluation losses of securities with embedded derivatives, which were recorded in current earnings.

(*2)	“Net unrealized gains (losses) on other securities” shown in the above table included ¥3,003 million of unrealized gains on securities in investment limited partnerships.

Mitsubishi UFJ Financial Group, Inc.

(Business Combinations)

Integration with Morgan Stanley Japan Securities

1.	Summary of the Business Integration

After MUFG’s investment in Morgan Stanley on October 13, 2008, MUFG and Morgan Stanley discussed specific implementation of the global strategic alliance between the two parties. In order to maximize the benefit of integration that utilizes, among other things, the networks and client bases of MUFG and Morgan Stanley, MUFG and Morgan Stanley entered into on March 30, 2010 definitive agreements regarding the integration of the Japanese businesses of Mitsubishi UFJ Securities Co., Ltd. (which company was renamed “Mitsubishi UFJ Securities Holdings Co., Ltd” on April 1, 2010) (“MUSHD”) and the businesses of Morgan Stanley Japan Securities Co., Ltd. (“MSJS”). Based on such agreements, two securities companies jointly owned by MUFG and Morgan Stanley, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (“MUMSS”) and Morgan Stanley MUFG Securities Co., Ltd. (“MSMS”), were established on May 1, 2010, as described below.

(1)

Summary of the Event

(A)

Securities Companies Established by the Integration


Company Name	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	Morgan Stanley MUFG Securities Co., Ltd.
Principal Business	Financial instruments trading	Financial instruments trading
Voting interests	MUSHD: 60% Morgan Stanley Japan Holdings Co., Ltd. (“MSJHD”): 40%	MSJHD: 51% MUSHD: 49%
Economic interests	MUSHD: 60% MSJHD: 40%	MUSHD: 60% MSJHD: 40%

(B)

Summary of Integration Structure

Using the scheme outlined below, MUSHD took economic interests of 60%, while MSJHD took economic interests of 40%, in the two securities companies that were established.

MUSHD and MSJHD, while directly holding shares representing controlling voting interests in MUMSS and MSMS, respectively (with MUSHD holding a 60% voting interest in MUMSS and MSJHD holding a 51% voting interest in MSMS), contributed to MM Partnership, a partnership formed under the Civil Code of Japan, all other shares issued by MUMSS and MSMS. The economic interests in MUMSS and MSMS were allocated 60:40 between MUSHD and MSJHD as a result of their acquisitions of a 60% interest and a 40% interest in the MM Partnership, respectively. MM Partnership was formed for the purpose of allocating the economic interests.

Pursuant to the partnership agreement regarding exercise of the voting rights attached to the MUMSS and MSMS shares held by MM Partnership, MUSHD acquired in effect 49% of the voting rights with respect to MSMS in addition to the rights to receive 60% of dividends distributed by MUMSS and MSMS, and MSJHD acquired in effect 40% of the voting rights with respect to MUMSS in addition to the rights to receive 40% of dividends to be distributed by MUMSS and MSMS.

As of May 1, 2010, the investment banking business of MSJS was succeeded by MUMSS through an absorption-type company split.

Mitsubishi UFJ Financial Group, Inc.

2.	Details of the Business Combination

(1)

Establishment of and Contribution in kind to a Partnership (MM Partnership)

(A)

Outline of the Contribution

MUSHD made a contribution in kind to MM Partnership of shares it holds in MUMSS except those which MUSHD holds directly. Meanwhile, MM Partnership also accepted a contribution in kind from MSJHD of shares it holds in MSMS except those which MSJHD holds directly.

In respect of the shares contributed in kind, adjustment in cash was done between MUSHD and MSJHD in proportion to the respective economic interest in the partnership (MUSHD: 60%, MSJHD: 40%), based on the estimated value as of May 1, 2010 as agreed beforehand between the parties. The estimated value was determined in consideration of the respective net assets of MUMSS and MSMS at the closing date.

(B)

Outline of the Accounting Treatment Adopted

This investment was treated as transactions under common control, in accordance with “Accounting Standard for Business Combinations” (ASBJ Statement No. 21 issued on December 26, 2008), and “Revised Guidance on Accounting Standard for Business Combinations and Accounting Standard for Business Divestitures” (ASBJ Guidance No. 10 issued on December 26, 2008). Meanwhile, as a result of partial sales of subsidiaries’ equity and amortization of existing goodwill in association with a decrease in the equity interests in MUMSS following the contribution in kind of the shares in MUMSS, gains on changes in subsidiaries’ equity had accrued, which were included under “Extraordinary gains” in the consolidated statement of income. The amount of gains on changes in subsidiaries’ equity: ¥1,096 million

(C)

Matters Concerning the Additional Acquisition of Subsidiaries’ Equity

Cost of acquisition and its description

Contribution into MM Partnership: ¥353,152 million

(2)

MUSHD’s Acquisition of Equity Interests in MSMS through a Partnership (MM Partnership)

(A)

Financial Performance Period of the Investee as Included in the consolidated Financial Statements

From May 1, 2010 to March 31, 2011

(B)

Acquisition Cost of the Investee and its Detail


Consideration for the acquisition	Fair value of the classified stock contributed to the partnership (MM Partnership)	¥	291,139 million
Direct expenses for the acquisition	Advisory fees	¥	2,582 million

Acquisition cost		¥	293,721 million

(C)

Amount of Goodwill Recorded, Cause of Recognition, Method and Period of Amortization

Amount of Goodwill Recorded

¥106,764 million

Cause of Recognition

Due to the potential excess earnings power expected in the business development in the future

Method and Period of Amortization

Straight-line method over 20 years

As 100% of MSMS’s dividend rights were owned by MM Partnership which is a consolidated subsidiary of MUSHD, capital and income of MSMS were wholly included by the equity method and then 40% of the amount equivalent to the equity interest of MSJHD which was not attributable to MUFG was treated as minority interests.

Mitsubishi UFJ Financial Group, Inc.

(3)

Integration of the Investment Banking Business

(A)

Financial performance period of the acquired business included in the consolidated financial statements

From May 1, 2010 to March 31, 2011

(B)

Acquisition Cost of the Acquired Business and its Detail

As this was an absorption-type company split without involving consideration, no acquisition cost was incurred. Incidentally, consideration for this absorption-type company split was determined based on the agreement between the concerned parties.

(C)

Amount of Goodwill Recorded, Cause of Recognition, Method and Period of Amortization

Amount of Goodwill Recorded

¥426 million

Cause of Recognition

As the net asset value at the time of the business combination was less than the acquisition cost, the difference was recognized as goodwill.

Method and Period of Amortization

As the amount of goodwill was insignificant, it was wholly treated as expenses.

(4)

Amounts of Assets and Liabilities taken in on the Business Combination Date and their Detail

Other liabilities: ¥426 million

Mitsubishi UFJ Financial Group, Inc.

(Segment Information)

1.	Information regarding the Amounts of Ordinary Income, Ordinary Profits (Losses), Assets and other items by Segment

For the Fiscal Year Ended March 31, 2011


	(in millions of yen)
	The Bank of Tokyo- Mitsubishi UFJ, Ltd.		Mitsubishi UFJ Trust and Banking Corporation		Mitsubishi UFJ Securities Holdings Co., Ltd.			Consumer Finance Subsidiaries			Others		Total		Adjustments			Amount recorded in the consolidated financial statements
Ordinary income		3,209,835		569,227		283,941			534,543			558,744		5,156,293		(627,359	)		4,528,933
Interest income		1,914,356		233,615		47,289			297,607			482,661		2,975,530		(438,021	)		2,537,508
Investment gains on equity method		—		3,339		12,712			107			—		16,159		(4,788	)		11,371
Gains on negative goodwill		1,540		—		943			—			—		2,484		1,155			3,639
Amortization of negative goodwill		—		—		—			—			—		—		1,591			1,591
Ordinary income from customers		3,122,989		545,862		202,805			512,627			144,648		4,528,933		—			4,528,933
Ordinary income from internal transactions		86,846		23,364		81,135			21,916			414,095		627,359		(627,359	)		—

Segment income (loss)		719,795		76,227		(50,440	)		(309,485	)		417,142		853,240		(270,161	)		583,079

Segment assets		163,123,183		25,280,070		20,495,984			4,213,851			12,954,914		226,068,004		(19,840,923	)		206,227,081

Other items
Depreciation		151,352		37,132		21,470			22,020			1,293		233,269		5,175			238,444
Amortization of goodwill		16,367		11		589			1,191			—		18,159		12,925			31,085
Interest expenses		368,689		70,565		60,083			33,813			48,183		581,335		(63,697	)		517,637
Investment losses on equity method		3,615		—		—			—			—		3,615		(3,615	)		—
Extraordinary gains		61,456		1,603		29,487			18,766			1,790		113,103		(31,941	)		81,162
Extraordinary losses		50,216		4,576		12,984			28,973			161		96,912		(8,880	)		88,032
Impairment losses on fixed assets		5,439		461		3,525			386			—		9,812		—			9,812
Loss on adjustment for changes of accounting standard for asset retirement obligations		15,834		1,525		2,473			4,535			81		24,450		(3	)		24,447
Income tax expenses		77,882		28,329		21,130			11,706			30,790		169,838		5,657			175,496
Unamortized balance of goodwill		242,979		875		651			12,414			—		256,920		194,045			450,965
Investment to companies accounted for under the equity method		193,243		51,521		325,693			361			39,206		610,025		15,699			625,724
Increases in tangible and intangible fixed assets		156,281		31,556		18,936			23,609			2,462		232,845		—			232,845

Notes:

1.	Ordinary income, interest income and interest expenses are presented, respectively, in lieu of net sales, interest on deposits and interest on borrowings of the companies in non-banking industries.

2.	“Others” includes MUFG and Mitsubishi UFJ Asset Management Co., Ltd.

3.	Segment income for “Others” includes ¥341,409 million of dividends from MUFG’s subsidiaries and affiliates.

4.	Interest income adjustments include elimination of the dividends from affiliates recorded by MUFG.

Segment income adjustments include minus ¥363,524 million elimination of internal transactions, ¥26,816 million loss associated with the organizational restructuring of Mitsubishi UFJ Securities Holdings Co., Ltd. as well as ¥120,179 million comprising investment gains (losses) on equity method, amortization of goodwill and negative goodwill, tax expenses, minority interests gains (losses) that are not attributable to specific segments.

6.	Segment assets adjustments are primarily elimination of assets and liabilities between segments.

7.	Adjustments for amortization of goodwill are primarily those concerning consumer finance subsidiaries and Mitsubishi UFJ Securities Holdings Co., Ltd.

8.	Adjustments for extraordinary gains and losses include gains or losses associated with the organizational restructuring of Mitsubishi UFJ Securities Holdings Co., Ltd.

9.	Adjustments for unamortized balance of goodwill are primarily those concerning consumer finance subsidiaries and Mitsubishi UFJ Securities Holdings Co., Ltd.

10.	Segment income is reconciled to net income in the consolidated statement of income.

Mitsubishi UFJ Financial Group, Inc.

(Per Share Information)


For the fiscal year ended March 31, 2010		For the fiscal year ended March 31, 2011
Total net assets per common share	¥612.5	Total net assets per common share	¥	604.58
Net loss per common share	¥29.56	Net income per common share	¥	39.94
Diluted net income per common share	¥29.54	Diluted net income per common share	¥	39.88

1.	Basis for Computing Net Income per Common Share and Diluted Net Income per Common Share


		For the fiscal year ended March 31, 2010	For the fiscal year ended March 31, 2011
Net income per common share
Net income	million yen	388,734	583,079
Amounts not attributable to common shareholders	million yen	24,206	18,205
Total dividends on preferred stock	million yen	24,206	18,205
Net income attributable to common shares	million yen	364,528	564,874
Average number of common shares outstanding for the fiscal period	thousand shares	12,329,080	14,140,858
Diluted net income per common share
Adjustments in net income	million yen	(44)	(363)
Total dividends on preferred stock	million yen	0	0
Adjustments made to reflect convertible securities of subsidiaries and others	million yen	(44)	(363)
Common share equivalent	thousand shares	8,644	13,169
Preferred shares	thousand shares	1	1
Subscription rights to shares	thousand shares	8,643	13,168
Convertible securities not diluting earnings per common share		Subscription rights to shares of subsidiaries: kabu.com Securities Co., Ltd. 1 type: 1,050 units MU Hands-on Capital Ltd. 2 types: 620 units	Subscription rights to shares of subsidiaries: kabu.com Securities Co., Ltd. 1 type: 166,800 units Fukutora Ltd. 2 types: 12,370 units

Mitsubishi UFJ Financial Group, Inc.

2.	Basis for Computing Total Net Assets per Common Share


		As of March 31, 2010		As of March 31, 2011
Total net assets	million yen		11,299,459		10,814,425
Amounts not attributable to common shareholders	million yen		2,645,901		2,264,713
Preferred stock	million yen		640,001		390,001
Total dividends on preferred stock	million yen		12,236		9,235
Subscription rights to shares	million yen		6,451		7,192
Minority interests	million yen		1,987,213		1,858,283
Net assets attributable to common shareholders	million yen		8,653,557		8,549,712
Number of common shares outstanding at the end of the fiscal period (excluding treasury shares)	thousand shares		14,138,632		14,141,480

Mitsubishi UFJ Financial Group, Inc.

(Material Subsequent events)

Agreement on Voluntary Conversion of Morgan Stanley Convertible Preferred Stock

Under their strategic alliance announced on September 29, 2008, Mitsubishi UFJ Financial Group, Inc. (“MUFG”) subscribed for Morgan Stanley preferred stock, and MUFG and Morgan Stanley have implemented their alliance strategy globally in a wide range of businesses, including corporate finance and investment banking, retail banking and asset management.

On 21 April, 2011, MUFG and Morgan Stanley have agreed to voluntarily convert all of MUFG’s holding of Morgan Stanley convertible preferred stock into common stock, at a conversion rate to be adjusted pursuant to the agreement with Morgan Stanley, and entered into an agreement on such conversion, to further strengthen their global alliance strategy and to enhance Morgan Stanley’s capital position.

Currently MUFG appoints one representative to the Morgan Stanley board of directors, and in conjunction with this conversion of preferred stock, MUFG and Morgan Stanley have agreed to increase the number of such representatives to two, as well as to make certain other amendments to the existing agreement between them.

Morgan Stanley is expected to become an affiliate accounted for under the equity method of MUFG.

Common stock to be acquired upon conversion of convertible preferred stock

It has been agreed with Morgan Stanley that MUFG will receive approximately 75 million shares in addition to the number of shares it will receive upon conversion of convertible preferred stock based on previously agreed terms and conditions. As a result, MUFG will receive 385,464,097shares of common stock in total upon conversion of convertible preferred stock.

MUFG’s holdings of Morgan Stanley common stock following conversion of its convertible preferred stock, reflecting both its current holdings and the conversion, will represent approximately 22.4% of the voting rights of Morgan Stanley common stock.

This voluntary conversion of preferred stock remains subject to authorization of relevant authorities and the approval of Morgan Stanley shareholders.

In addition, the particulars and holding of Series C Non-Cumulative Non-Voting Perpetual Preferred Stock currently hold by MUFG remain the same.

Mitsubishi UFJ Financial Group, Inc.

5. Non-consolidated Financial Statements

(1)	Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2010			As of March 31, 2011
Assets:
Current assets:
Cash and due from banks		16,490			11,031
Securities		70,000			140,500
Prepaid expenses		520			18
Deferred tax assets		15,756			2,203
Accrued income		20,019			15,939
Accounts receivable		44,922			71,347
Others		2			0

Total current assets		167,712			241,041

Fixed assets:
Tangible fixed assets:
Buildings		14			11
Equipment and furniture		173			135
Lease assets		73			20

Total tangible fixed assets		261			168

Intangible fixed assets:
Trademarks		32			25
Software		1,828			2,871
Lease assets		111			—
Others		2			1

Total intangible fixed assets		1,974			2,899

Investments and other assets:
Investment securities		906,980			803,197
Investments in subsidiaries and affiliates		10,104,826			9,943,868
Others		324			340
Allowance for losses on investments		(1,733	)		—

Total investments and other assets		11,010,397			10,747,406

Total fixed assets		11,012,633			10,750,474

Total assets		11,180,345			10,991,515

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2010			As of March 31, 2011
Liabilities:
Current liabilities:
Short-term borrowings		1,129,452			1,566,980
Current portion of bonds payable		230,000			—
Current portion of long-term borrowings		257,252			391,000
Lease liabilities		46			8
Accounts payable		2,439			2,314
Accrued expenses		5,819			5,048
Income taxes payable		544			98
Deposits received		242			249
Reserve for bonuses		318			352
Reserve for bonuses to directors		77			46
Others		0			0

Total current liabilities		1,626,193			1,966,100

Fixed liabilities:
Bonds payable		380,500			380,500
Long-term borrowings from subsidiaries and affiliates		450,245			20,702
Lease liabilities		149			13
Long-term accounts payable		208			96
Deferred tax liabilities		11,297			11,380

Total fixed liabilities		842,401			412,693

Total liabilities		2,468,594			2,378,793

Net assets:
Shareholders’ equity:
Capital stock		2,136,582			2,137,476
Capital surplus:
Capital reserve		2,136,600			2,137,493
Other capital surplus		2,109,941			1,860,006

Total capital surplus		4,246,541			3,997,500

Retained earnings:
Other retained earnings:
Other reserve		150,000			150,000
Earned surplus brought forward		2,162,138			2,316,337

Total retained earnings		2,312,138			2,466,337

Treasury stock		(217	)		(37	)

Total shareholders’ equity		8,695,044			8,601,276

Valuation and translation adjustments:
Net unrealized gains (losses) on other securities		10,254			4,257

Total valuation and translation adjustments		10,254			4,257

Subscription rights to shares		6,450			7,188

Total net assets		8,711,750			8,612,722

Total liabilities and net assets		11,180,345			10,991,515

Mitsubishi UFJ Financial Group, Inc.

(2)	Non-consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2010		For the fiscal year ended March 31, 2011
Operating income:
Dividends		273,302		397,101
Management fees from subsidiaries and affiliates		17,522		16,510

Total operating income		290,824		413,611

Operating expenses:
General and administrative expenses		16,517		14,855

Total operating expenses		16,517		14,855

Operating profits		274,306		398,756

Non-operating income:
Interest on deposits		0		0
Interest on securities		7		102
Dividends		7,589		15,524
Gains on sales of investment securities		5,851		—
Interest on tax refunds		19		22
Commissions on odd lot shares negotiated		2		0
Fees for software leases		29		33
Others		44		132

Total non-operating income		13,544		15,815

Non-operating expenses:
Interest on borrowings		31,478		27,154
Interest on bonds payable		13,134		17,023
Amortization on bonds issuance costs		36		—
Amortization on stock issuance costs		5,034		0
Expenses on fund-raising		2,174		48
Foreign exchange losses		132		361
Others		12		0

Total non-operating expenses		52,002		44,588

Ordinary profits		235,848		369,982

Extraordinary gains:
Gains on sales of investments in subsidiaries and affiliates		563		—
Reversal of allowance for losses on investments		—		1,733

Total extraordinary gains		563		1,733

Extraordinary losses:
Losses on sales of fixed assets		8		—
Losses on impairment of fixed assets		0		—
Losses on retirement of fixed assets		15		11
Losses on write-down of investments in subsidiaries and affiliates		117,733		—

Total extraordinary losses		117,757		11

Income before income taxes		118,653		371,704

Income taxes-current		8,070		9,024
Income taxes-deferred		10,494		17,748

Total taxes		18,565		26,773

Net income		100,088		344,931

Mitsubishi UFJ Financial Group, Inc.

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


(in millions of yen)	For the fiscal year ended March 31, 2010			For the fiscal year ended March 31, 2011
Shareholders’ equity
Capital stock
Balance at the end of the previous period		1,620,896			2,136,582
Changes during the period
Issuance of new shares		515,662			—
Issuance of new shares-exercise of subscription rights to shares		23			893

Total changes during the period		515,686			893

Balance at the end of the period		2,136,582			2,137,476

Capital surplus
Capital reserve
Balance at the end of the previous period		1,620,914			2,136,600
Changes during the period
Issuance of new shares		515,662			—
Issuance of new shares-exercise of subscription rights to shares		23			893

Total changes during the period		515,686			893

Balance at the end of the period		2,136,600			2,137,493

Other capital surplus
Balance at the end of the previous period		2,109,970			2,109,941
Changes during the period
Disposition of treasury stock		(29	)		65
Retirement of treasury stock		—			(250,000	)

Total changes during the period		(29	)		(249,934	)

Balance at the end of the period		2,109,941			1,860,006

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		2,211,855			2,162,138
Changes during the period
Dividends from retained earnings		(149,804	)		(190,732	)
Net income		100,088			344,931

Total changes during the period		(49,716	)		154,199

Balance at the end of the period		2,162,138			2,316,337

Treasury stock
Balance at the end of the previous period		(979	)		(217	)
Changes during the period
Repurchase of treasury stock		(245	)		(250,029	)
Disposition of treasury stock		1,007			209
Retirement of treasury stock		—			250,000

Total changes during the period		762			179

Balance at the end of the period		(217	)		(37	)

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2010			For the fiscal year ended March 31, 2011
Total shareholders’ equity
Balance at the end of the previous period		7,712,656			8,695,044
Changes during the period
Issuance of new shares		1,031,325			—
Issuance of new shares-exercise of subscription rights to shares		47			1,787
Dividends from retained earnings		(149,804	)		(190,732	)
Net income		100,088			344,931
Repurchase of treasury stock		(245	)		(250,029	)
Disposition of treasury stock		978			275
Retirement of treasury stock		—			—

Total changes during the period		982,387			(93,768	)

Balance at the end of the period		8,695,044			8,601,276

Valuation and translation adjustments
Net unrealized gains (losses) on other securities
Balance at the end of the previous period		—			10,254
Changes during the period
Net changes of items other than shareholders’ equity		10,254			(5,997	)

Total changes during the period		10,254			(5,997	)

Balance at the end of the period		10,254			4,257

Subscription rights to shares
Balance at the end of the previous period		4,650			6,450
Changes during the period
Net changes of items other than shareholders’ equity		1,800			737

Total changes during the period		1,800			737

Balance at the end of the period		6,450			7,188

Total net assets
Balance at the end of the previous period		7,717,307			8,711,750
Changes during the period
Issuance of new shares		1,031,325			—
Issuance of new shares-exercise of subscription rights to shares		47			1,787
Dividends from retained earnings		(149,804	)		(190,732	)
Net income		100,088			344,931
Repurchase of treasury stock		(245	)		(250,029	)
Disposition of treasury stock		978			275
Retirement of treasury stock		—			—
Net changes of items other than shareholders’ equity		12,055			(5,260	)

Total changes during the period		994,443			(99,028	)

Balance at the end of the period		8,711,750			8,612,722

Mitsubishi UFJ Financial Group, Inc.

Notes on Going-Concern Assumption

Not applicable

6. Other

(1)

Changes of Directors and Corporate Auditors

Please refer to “Changes of Directors and Corporate Auditors” posted on May 16, 2011 with regard to the changes of directors and corporate auditors.

Selected Financial Information

under Japanese GAAP

For the fiscal year ended March 31, 2011

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

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

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

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

5. ROE	[ MUFG Consolidated ]	12

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

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

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

9. Progress in Disposition of Problem Assets	[ BTMU and MUSP Combined ]*5 [ MUTB Non-consolidated including Trust Accounts ]	23

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 ] [ BTMU Non-consolidated ] [ MUTB Non-consolidated ] [ MUTB Non-consolidated : Trust Accounts ]	25

11. Overseas Loans	[ BTMU and MUTB Combined ]	29

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

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

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

15. Retirement Benefits	[ MUFG Consolidated ] [ BTMU Non-consolidated ] [ MUTB Non-consolidated ]	34

(References)

1. Exposure to “Securitized Products and Related Investments”		37

2. Financial Statements	[ BTMU Non-consolidated ] [ MUTB Non-consolidated ]	39

(*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 fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2011 (A)			March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		3,522,544			3,600,424			(77,879	)
Gross profits before credit costs for trust accounts		3,522,544			3,600,424			(77,879	)
Net interest income		2,020,004			2,177,199			(157,194	)
Trust fees		100,437			103,872			(3,435	)
Credit costs for trust accounts (1)		(0	)		—			(0	)
Net fees and commissions		979,458			989,806			(10,347	)
Net trading profits		103,742			259,770			(156,027	)
Net other business profits		318,901			69,775			249,125
Net gains (losses) on debt securities		221,364			49,879			171,485
General and administrative expenses		2,020,898			2,084,882			(63,983	)
Amortization of goodwill		31,085			32,868			(1,783	)
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		1,532,731			1,548,411			(15,679	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		1,501,646			1,515,542			(13,895	)
Provision for general allowance for credit losses (2)		(87,625	)		(66,766	)		(20,858	)
Net business profits*		1,414,021			1,448,776			(34,754	)
Net non-recurring gains (losses)		(767,588	)		(903,079	)		135,490
Credit costs (3)		(336,673	)		(758,455	)		421,781
Losses on loan write-offs		(261,233	)		(439,113	)		177,879
Provision for specific allowance for credit losses		(75,197	)		(294,750	)		219,552
Other credit costs		(243	)		(24,592	)		24,348
Net gains (losses) on equity securities		(57,183	)		32,489			(89,672	)
Gains on sales of equity securities		64,174			179,331			(115,157	)
Losses on sales of equity securities		(50,435	)		(86,309	)		35,873
Losses on write-down of equity securities		(70,922	)		(60,532	)		(10,389	)
Profits (losses) from investments in affiliates		11,371			2,614			8,756
Other non-recurring gains (losses)		(385,102	)		(179,727	)		(205,375	)

Ordinary profits		646,432			545,697			100,735

Net extraordinary gains (losses)		(6,870	)		51,035			(57,906	)
Gains on loans written-off (4)		63,786			65,048			(1,261	)
Reversal of allowance for credit losses (5)		—			—			—
Reversal of reserve for contingent losses included in credit costs (6)		6,365			—			6,365
Losses on impairment of fixed assets		(9,812	)		(17,813	)		8,000
Amortization of goodwill		(13,031	)		(27,918	)		14,887
Loss on adjustment for changes of accounting standard for asset retirement obligations		(24,447	)		—			(24,447	)
Income before income taxes and others		639,561			596,732			42,829
Income taxes-current		126,036			101,063			24,972
Refund of income taxes		—			(19,099	)		19,099
Income taxes-deferred		49,460			68,995			(19,535	)
Total taxes		175,496			150,959			24,536
Income before minority interests		464,065			445,773			18,292
Minority interests		(119,013	)		57,038			(176,052	)

Net income		583,079			388,734			194,345


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)+(4)+(5)+(6)		(354,146	)		(760,172	)		406,026
Note 1: Total credit costs include gains on loans written-off.
Note 2: As for credits to be offset by the future claims for interest repayment, we adopted a method to record reserve for contingent losses, rather than allowance for credit losses. As compared with the former method, total credit costs decreased by ¥52,080 million.

Number of consolidated subsidiaries		231			236			(5	)
Number of affiliated companies accounted for under the equity method		66			63			3

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2011 (A)			March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,337,500			2,180,353			157,146
Gross profits before credit costs for trust accounts		2,337,500			2,180,353			157,146
Net interest income		1,411,934			1,473,200			(61,265	)
Trust fees		76,539			79,700			(3,161	)
Credit costs for trust accounts (1)		(0	)		—			(0	)
Net fees and commissions		455,926			470,535			(14,609	)
Net trading profits		106,509			124,053			(17,543	)
Net other business profits		286,590			32,863			253,727
Net gains (losses) on debt securities		211,898			38,436			173,461
General and administrative expenses		1,180,513			1,206,917			(26,403	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		1,156,986			973,436			183,550
Provision for general allowance for credit losses (2)		(71,512	)		44,232			(115,745	)
Net business profits		1,085,474			1,017,669			67,805
Net non-recurring gains (losses)		(322,788	)		(556,612	)		233,823
Credit costs (3)		(144,207	)		(448,646	)		304,439
Losses on loan write-offs		(108,386	)		(221,801	)		113,415
Provision for specific allowance for credit losses		(36,138	)		(212,208	)		176,070
Other credit costs		317			(14,636	)		14,953
Net gains (losses) on equity securities		(131,430	)		13,078			(144,508	)
Gains on sales of equity securities		55,295			144,115			(88,820	)
Losses on sales of equity securities		(53,585	)		(86,328	)		32,742
Losses on write-down of equity securities		(133,139	)		(44,708	)		(88,431	)
Other non-recurring gains (losses)		(47,151	)		(121,044	)		73,893

Ordinary profits		762,685			461,056			301,628

Net extraordinary gains (losses)		13,711			51,055			(37,344	)
Gains on loans written-off (4)		37,685			42,811			(5,126	)
Reversal of allowance for credit losses (5)		—			—			—
Reversal of reserve for contingent losses included in credit costs (6)		3,827			—			3,827
Losses on impairment of fixed assets		(5,893	)		(12,578	)		6,685
Loss on adjustment for changes of accounting standard for asset retirement obligations		(16,714	)		—			(16,714	)
Income before income taxes		776,397			512,112			264,284
Income taxes-current		66,011			43,194			22,817
Refund of income taxes		—			(8,712	)		8,712
Income taxes-deferred		(4,368	)		67,713			(72,081	)
Total taxes		61,643			102,195			(40,552	)

Net income		714,754			409,917			304,836


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(174,207	)		(361,602	)		187,395

Note: Total credit costs include gains on loans written-off.

Mitsubishi UFJ Financial Group, Inc.

BTMU Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2011 (A)			March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,489,182			2,405,145			84,036
Net interest income		1,545,783			1,646,065			(100,281	)
Trust fees		10,863			12,433			(1,570	)
Net fees and commissions		511,464			533,893			(22,429	)
Net trading profits		114,203			117,950			(3,746	)
Net other business profits		306,867			94,803			212,064
Net gains (losses) on debt securities		214,597			71,038			143,559
General and administrative expenses		1,285,592			1,305,868			(20,276	)
Amortization of goodwill		16,367			15,878			488
Net business profits before provision for general allowance for credit losses and amortization of goodwill		1,219,957			1,115,155			104,801
Net business profits before provision for general allowance for credit losses		1,203,590			1,099,277			104,312
Provision for general allowance for credit losses (1)		(94,713	)		(80,125	)		(14,588	)
Net business profits*		1,108,876			1,019,151			89,724
Net non-recurring gains (losses)		(259,109	)		(560,865	)		301,756
Credit costs (2)		(178,218	)		(477,626	)		299,407
Losses on loan write-offs		(143,960	)		(263,483	)		119,523
Provision for specific allowance for credit losses		(33,892	)		(191,667	)		157,774
Other credit costs		(365	)		(22,475	)		22,109
Net gains (losses) on equity securities		(48,056	)		(1,049	)		(47,007	)
Gains on sales of equity securities		52,885			131,103			(78,217	)
Losses on sales of equity securities		(46,445	)		(86,673	)		40,228
Losses on write-down of equity securities		(54,496	)		(45,479	)		(9,017	)
Profits (losses) from investments in affiliates		(3,615	)		(1,709	)		(1,906	)
Other non-recurring gains (losses)		(29,218	)		(80,481	)		51,262

Ordinary profits		849,766			458,286			391,480

Net extraordinary gains (losses)		11,239			97,828			(86,589	)
Gains on loans written-off (3)		49,593			51,345			(1,752	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		5,219			—			5,219
Net gains (losses) on disposition of fixed assets		(2,582	)		(11,598	)		9,016
Losses on impairment of fixed assets		(5,439	)		(9,685	)		4,245
Amortization of goodwill		(21,524	)		—			(21,524	)
Loss on adjustment for changes of accounting standard for asset retirement obligations		(15,834	)		—			(15,834	)
Reversal of allowance for losses on investments		—			34,027			(34,027	)
Income before income taxes and others		861,006			556,114			304,891
Income taxes-current		99,345			70,466			28,879
Refund of income taxes		—			(18,156	)		18,156
Income taxes-deferred		(21,463	)		79,487			(100,950	)
Total taxes		77,882			131,797			(53,915	)
Income before minority interests		783,124			424,317			358,807
Minority interests		63,328			61,430			1,897

Net income		719,795			362,886			356,909


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)+(3)+(4)+(5)		(218,119	)		(506,406	)		288,286
Note: Total credit costs include gains on loans written-off.

Number of consolidated subsidiaries		135			140			(5	)
Number of affiliated companies accounted for under the equity method		48			45			3

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2011 (A)			March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,000,854			1,875,670			125,183
Domestic gross profits		1,264,543			1,259,574			4,968
Net interest income		913,831			940,846			(27,015	)
Net fees and commissions		234,376			249,645			(15,268	)
Net trading profits		1,218			10,520			(9,301	)
Net other business profits		115,116			58,562			56,553
Net gains (losses) on debt securities		112,542			55,136			57,405
Non-domestic gross profits		736,310			616,095			120,215
Net interest income		333,864			367,305			(33,441	)
Net fees and commissions		139,922			142,079			(2,156	)
Net trading profits		98,079			100,122			(2,043	)
Net other business profits		164,444			6,587			157,856
Net gains (losses) on debt securities		93,916			11,938			81,977
General and administrative expenses		994,329			1,012,487			(18,157	)
Personnel expenses		368,603			372,218			(3,615	)
Non-personnel expenses		573,620			587,767			(14,147	)
Taxes		52,106			52,501			(395	)
Net business profits before provision for general allowance for credit losses		1,006,524			863,183			143,341
Provision for general allowance for credit losses (1)		(70,316	)		42,290			(112,606	)
Net business profits		936,208			905,473			30,734
Net non-recurring gains (losses)		(278,208	)		(497,647	)		219,439
Credit costs (2)		(136,090	)		(420,921	)		284,831
Losses on loan write-offs		(105,714	)		(219,700	)		113,986
Provision for specific allowance for credit losses		(30,022	)		(189,000	)		158,977
Other credit costs		(353	)		(12,220	)		11,866
Net gains (losses) on equity securities		(106,782	)		13,437			(120,219	)
Gains on sales of equity securities		48,537			130,842			(82,305	)
Losses on sales of equity securities		(44,028	)		(83,143	)		39,115
Losses on write-down of equity securities		(111,291	)		(34,261	)		(77,029	)
Other non-recurring gains (losses)		(35,335	)		(90,162	)		54,827

Ordinary profits		657,999			407,826			250,173

Net extraordinary gains (losses)		16,411			52,281			(35,869	)
Gains on loans written-off (3)		36,414			40,783			(4,369	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		3,827			—			3,827
Net gains (losses) on disposition of fixed assets		(3,111	)		(11,490	)		8,379
Losses on impairment of fixed assets		(5,439	)		(9,646	)		4,206
Loss on adjustment for changes of accounting standard for asset retirement obligations		(15,278	)		—			(15,278	)
Reversal of allowance for losses on investments		—			34,027			(34,027	)
Income before income taxes		674,411			460,108			214,303
Income taxes-current		64,154			42,031			22,122
Refund of income taxes		—			(8,712	)		8,712
Income taxes-deferred		(29,006	)		84,121			(113,127	)
Total taxes		35,148			117,440			(82,292	)

Net income		639,263			342,667			296,596


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(166,165	)		(337,847	)		171,682

Note: Total credit costs include gains on loans written-off.

Mitsubishi UFJ Financial Group, Inc.

MUTB Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2011 (A)			March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		384,052			354,325			29,726
Gross profits before credit costs for trust accounts		384,052			354,325			29,726
Trust fees		89,848			91,693			(1,844	)
Trust fees before credit costs for trust accounts		89,848			91,693			(1,844	)
Loan trusts and money trusts fees (Jointly operated designated money trusts before credit costs for trust accounts)		6,758			7,499			(740	)
Other trust fees		83,089			84,194			(1,104	)
Credit costs for trust accounts (1)		(0	)		—			(0	)
Net interest income		163,066			162,199			866
Net fees and commissions		113,298			110,015			3,282
Net trading profits		10,175			22,520			(12,345	)
Net other business profits		7,663			(32,103	)		39,767
Net gains (losses) on debt securities		5,595			(28,637	)		34,233
General and administrative expenses		227,338			239,779			(12,441	)
Amortization of goodwill		11			—			11
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		156,724			114,545			42,179
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		156,713			114,545			42,168
Provision for general allowance for credit losses (2)		(1,188	)		1,884			(3,073	)
Net business profits*		155,525			116,430			39,094
Net non-recurring gains (losses)		(43,339	)		(56,555	)		13,216
Credit costs (3)		(8,542	)		(28,167	)		19,625
Losses on loan write-offs		(2,972	)		(2,373	)		(599	)
Provision for specific allowance for credit losses		(6,215	)		(23,340	)		17,124
Other credit costs		644			(2,454	)		3,099
Net gains (losses) on equity securities		(24,431	)		(54	)		(24,376	)
Gains on sales of equity securities		6,761			13,573			(6,811	)
Losses on sales of equity securities		(9,560	)		(3,180	)		(6,379	)
Losses on write-down of equity securities		(21,632	)		(10,447	)		(11,185	)
Profits (losses) from investments in affiliates		3,339			3,415			(76	)
Other non-recurring gains (losses)		(13,704	)		(31,749	)		18,044

Ordinary profits		112,185			59,874			52,311

Net extraordinary gains (losses)		(2,973	)		(1,503	)		(1,470	)
Gains on loans written-off (4)		1,145			1,888			(742	)
Reversal of allowance for credit losses (5)		—			—			—
Reversal of reserve for contingent losses included in credit costs (6)		—			—			—
Losses on impairment of fixed assets		(461	)		(3,035	)		2,574
Loss on adjustment for changes of accounting standard for asset retirement obligations		(1,525	)		—			(1,525	)
Income before income taxes and others		109,211			58,370			50,840
Income taxes-current		3,782			4,248			(466	)
Income taxes-deferred		24,546			(16,635	)		41,182
Total taxes		28,329			(12,387	)		40,716
Income before minority interests		80,882			70,758			10,124
Minority interests		4,655			4,432			222

Net income		76,227			66,325			9,902


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)+(4)+(5)+(6)		(8,585	)		(24,394	)		15,809
Note: Total credit costs include gains on loans written-off.

Number of consolidated subsidiaries		25			25			—
Number of affiliated companies accounted for under the equity method		12			12			—

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2011 (A)			March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Gross profits		336,646			304,683			31,962
Gross profits before credit costs for trust accounts		336,646			304,683			31,962
Domestic gross profits		259,843			265,546			(5,702	)
Trust fees		76,539			79,700			(3,161	)
Trust fees before credit costs for trust accounts		76,539			79,700			(3,161	)
Loan trusts and money trusts fees (Jointly operated designated money trusts before credit costs for trust accounts)		6,758			7,499			(740	)
Other trust fees		69,780			72,201			(2,421	)
Credit costs for trust accounts (1)		(0	)		—			(0	)
Net interest income		99,972			102,446			(2,473	)
Net fees and commissions		82,311			79,226			3,085
Net trading profits		14,071			30,100			(16,029	)
Net other business profits		(13,051	)		(25,927	)		12,876
Net gains (losses) on debt securities		(13,740	)		(23,287	)		9,547
Non-domestic gross profits		76,802			39,137			37,665
Net interest income		64,265			62,602			1,663
Net fees and commissions		(684	)		(415	)		(269	)
Net trading profits		(6,860	)		(16,690	)		9,830
Net other business profits		20,081			(6,359	)		26,440
Net gains (losses) on debt securities		19,180			(5,350	)		24,530
General and administrative expenses		186,183			194,429			(8,245	)
Personnel expenses		66,559			67,438			(879	)
Non-personnel expenses		111,299			118,247			(6,948	)
Taxes		8,324			8,742			(418	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		150,462			110,253			40,208
Provision for general allowance for credit losses (2)		(1,196	)		1,941			(3,138	)
Net business profits		149,266			112,195			37,070
Net non-recurring gains (losses)		(44,580	)		(58,964	)		14,384
Credit costs (3)		(8,116	)		(27,725	)		19,608
Losses on loan write-offs		(2,671	)		(2,101	)		(570	)
Provision for specific allowance for credit losses		(6,115	)		(23,207	)		17,092
Other credit costs		670			(2,416	)		3,086
Net gains (losses) on equity securities		(24,648	)		(358	)		(24,289	)
Gains on sales of equity securities		6,758			13,273			(6,515	)
Losses on sales of equity securities		(9,557	)		(3,184	)		(6,372	)
Losses on write-down of equity securities		(21,848	)		(10,447	)		(11,401	)
Other non-recurring gains (losses)		(11,815	)		(30,881	)		19,066

Ordinary profits		104,685			53,230			51,455

Net extraordinary gains (losses)		(2,700	)		(1,226	)		(1,474	)
Gains on loans written-off (4)		1,271			2,028			(757	)
Reversal of allowance for credit losses (5)		—			—			—
Reversal of reserve for contingent losses included in credit costs (6)		—			—			—
Losses on impairment of fixed assets		(454	)		(2,932	)		2,478
Loss on adjustment for changes of accounting standard for asset retirement obligations		(1,436	)		—			(1,436	)
Income before income taxes		101,985			52,004			49,980
Income taxes-current		1,856			1,162			694
Income taxes-deferred		24,637			(16,407	)		41,045
Total taxes		26,494			(15,245	)		41,740

Net income		75,490			67,250			8,240


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(8,041	)		(23,754	)		15,712

Note:

Total credit costs include gains on loans written-off.

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BTMU Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2011 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2010 (B)
Total average interest rate on interest-earning assets (a)		1.02		(0.13	)		1.15
Average interest rate on loans and bills discounted (b)		1.47		(0.08	)		1.56
Average interest rate on securities		0.58		(0.08	)		0.66
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.86		(0.10	)		0.96
Average interest rate on deposits and NCD (d)		0.09		(0.06	)		0.15
Average interest rate on other liabilities		0.43		(0.14	)		0.57
Overall interest rate spread (a)-(c)		0.15		(0.03	)		0.18
Interest rate spread (b)-(d)		1.38		(0.02	)		1.40

MUTB Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2011 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2010 (B)
Total average interest rate on interest-earning assets (a)		0.92		(0.13	)		1.05
Average interest rate on loans and bills discounted (b)		1.11		(0.18	)		1.29
Average interest rate on securities		0.79		(0.01	)		0.81
Total average interest rate on interest-bearing liabilities (c)		0.33		(0.12	)		0.46
Average interest rate on deposits and NCD (d)		0.31		(0.14	)		0.46
Overall interest rate spread (a)-(c)		0.59		(0.00	)		0.59
Interest rate spread (b)-(d)		0.79		(0.04	)		0.83

BTMU and MUTB combined
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2011 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2010 (B)
Average interest rate on loans and bills discounted (a)		1.42		(0.10	)		1.52
Average interest rate on deposits and NCD (b)		0.11		(0.07	)		0.19
Interest rate spread (a)-(b)		1.30		(0.02	)		1.32

Mitsubishi UFJ Financial Group, Inc.

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

MUFG Consolidated

(in billions of yen)

As of March 31, 2011

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

1,588.5

4,705.5

1,390.0

7,684.1

Receive-floater/pay-fix

216.6

3,469.1

599.3

4,285.1

Receive-floater/pay-floater

—

20.0

—

20.0

Receive-fix/pay-fix

—

38.1

59.4

97.5

Total

1,805.1

8,232.8

2,048.8

12,086.8

BTMU Consolidated

(in billions of yen)

As of March 31, 2011

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

1,068.5

2,837.4

1,314.5

5,220.5

Receive-floater/pay-fix

125.1

2,683.4

241.6

3,050.2

Receive-floater/pay-floater

—

20.0

—

20.0

Receive-fix/pay-fix

—

Total

1,193.7

5,540.8

1,556.1

8,290.7

MUTB Consolidated

(in billions of yen)

As of March 31, 2011

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

540.0

1,881.1

75.5

2,496.6

Receive-floater/pay-fix

101.1

766.0

337.9

1,205.0

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

641.1

2,647.1

413.4

3,701.6

Mitsubishi UFJ Financial Group, Inc.

4. Securities

MUFG Consolidated

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

Fair Value Information on Securities


	(in millions of yen)
	As of March 31, 2011									As of March 31, 2010
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Debt securities being held to maturity		3,299,569		34,850			48,492		13,642		3,417,795		82,784			84,580		1,796
Domestic bonds		1,144,463		9,160			9,180		19		1,240,439		20,068			20,068		—
Government bonds		967,312		7,579			7,579		—		977,342		15,972			15,972		—
Municipal bonds		22,666		178			178		—		42,348		585			585		—
Corporate bonds		154,484		1,402			1,422		19		220,748		3,511			3,511		—
Other		2,155,106		25,689			39,312		13,623		2,177,356		62,715			64,512		1,796
Foreign bonds		1,137,457		(2,525	)		7,168		9,693		1,021,985		6,738			8,391		1,653
Other		1,017,648		28,214			32,144		3,929		1,155,370		55,977			56,120		142

	(in millions of yen)
	As of March 31, 2011									As of March 31, 2010
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Other securities		67,198,517		327,632			1,124,505		796,872		60,406,360		812,706			1,398,942		586,235
Domestic equity securities		3,566,358		281,297			713,520		432,223		4,277,363		681,771			983,817		302,045
Domestic bonds		48,098,475		70,829			181,345		110,515		43,376,692		117,109			173,933		56,824
Government bonds		43,974,575		23,936			118,538		94,602		38,748,045		79,912			113,618		33,706
Municipal bonds		200,279		6,569			6,578		9		280,899		8,080			8,148		67
Corporate bonds		3,923,620		40,323			56,228		15,904		4,347,746		29,116			52,166		23,050
Other		15,533,683		(24,494	)		229,639		254,133		12,752,305		13,825			241,191		227,365
Foreign equity securities		282,233		83,659			83,771		111		282,573		73,578			73,806		227
Foreign bonds		13,637,510		(46,807	)		95,651		142,459		10,702,586		77,276			132,837		55,560
Other		1,613,939		(61,346	)		50,216		111,562		1,767,145		(137,030	)		34,547		171,578
Redemption schedule of other securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2011									As of March 31, 2010
	within 1 year		1 year to 5 years			5 years to 10 years		over 10 years		within 1 year		1 year to 5 years			5 years to 10 years		over 10 years
Domestic bonds		12,952,502		29,418,611			4,625,567		2,246,396		15,907,389		22,522,186			3,650,172		2,537,446
Government bonds		12,380,303		27,112,686			3,962,098		1,486,799		15,284,063		19,825,452			2,852,423		1,763,449
Municipal bonds		46,876		66,109			109,506		453		22,006		100,844			199,927		469
Corporate bonds		525,322		2,239,815			553,962		759,142		601,320		2,595,890			597,821		773,527
Other		2,196,338		7,306,116			3,073,406		4,174,673		2,061,749		5,329,219			2,879,402		3,734,658
Foreign bonds		1,981,987		6,925,274			2,322,864		3,520,067		1,906,896		5,141,290			2,011,496		2,638,297
Other		214,350		380,841			750,542		654,606		154,852		187,929			867,906		1,096,360
Total		15,148,840		36,724,727			7,698,974		6,421,070		17,969,138		27,851,406			6,529,575		6,272,104

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

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

Fair Value Information on Securities

(in millions of yen)

As of March 31, 2011

As of March 31, 2010

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

1,159,945

11,873

15,712

3,839

1,289,654

39,123

39,266

142

Stocks of subsidiaries and affiliates

98,316

(6,376

)

13,158

19,534

155,769

(32,164

)

12,463

44,627

(in millions of yen)

As of March 31, 2011

As of March 31, 2010

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Other securities

56,018,656

169,866

851,151

681,285

49,791,929

517,825

1,017,742

499,917

Domestic equity securities

2,803,845

74,213

522,197

447,983

3,366,529

385,677

707,125

321,448

Domestic bonds

43,573,087

59,556

163,683

104,127

39,374,157

104,353

155,552

51,199

Other

9,641,722

36,096

165,270

129,174

7,051,241

27,794

155,063

127,269

Foreign equity securities

171,910

73,896

73,897

152,122

54,500

54,501

Foreign bonds

8,362,087

(28,661

)

49,751

78,412

5,669,356

45,678

72,991

27,313

Other

1,107,724

(9,138

)

41,621

50,760

1,229,762

(72,384

)

27,570

99,954

Redemption schedule of other securities with maturities and debt securities being held to maturity

(in millions of yen)

As of March 31, 2011

As of March 31, 2010

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

Domestic bonds

11,216,158

26,730,134

3,698,373

2,178,534

13,950,371

20,028,947

3,183,309

2,461,706

Government bonds

10,821,167

24,787,087

3,092,864

1,433,249

13,464,223

17,754,168

2,394,184

1,699,406

Municipal bonds

27,174

62,580

108,945

406

2,346

77,521

199,524

420

Corporate bonds

367,816

1,880,466

496,562

744,877

483,801

2,197,257

589,601

761,879

Other

1,447,427

3,777,273

2,095,348

2,649,024

912,241

1,870,445

1,962,373

2,869,639

Foreign bonds

1,236,734

3,573,537

1,520,965

2,006,151

775,335

1,789,207

1,280,910

1,795,559

Other

210,692

203,735

574,382

642,872

136,905

81,238

681,463

1,074,079

Total

12,663,585

30,507,408

5,793,721

4,827,558

14,862,612

21,899,393

5,145,683

5,331,345

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

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

Fair Value Information on Securities

(in millions of yen)

As of March 31, 2011

As of March 31, 2010

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

1,806,668

9,513

11,990

2,476

1,555,809

22,387

22,688

300

Stocks of subsidiaries and affiliates

40,375

16,005

—

40,375

(2,479

)

751

3,231

(in millions of yen)

As of March 31, 2011

As of March 31, 2010

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Other securities

8,727,335

10,599

205,871

195,271

7,787,226

123,399

272,068

148,668

Domestic equity securities

716,005

75,226

155,178

79,952

872,173

146,380

208,677

62,296

Domestic bonds

4,139,545

10,646

17,061

6,414

3,620,332

15,974

18,264

2,290

Other

3,871,784

(75,273

)

33,631

108,904

3,294,720

(38,955

)

45,126

84,081

Foreign equity securities

781

223

—

1,187

322

—

Foreign bonds

3,434,485

(22,717

)

26,211

48,928

2,806,303

26,991

40,257

13,266

Other

436,518

(52,779

)

7,196

59,976

487,228

(66,269

)

4,546

70,815

Redemption schedule of other securities with maturities and debt securities being held to maturity

(in millions of yen)

As of March 31, 2011

As of March 31, 2010

within 1 year

1 year to
5 years

5 years to
10 years

over
10 years

within 1 year

1 year to
5 years

5 years to
10 years

over
10 years

Domestic bonds

1,511,521

2,558,120

873,470

67,862

1,707,507

2,403,470

377,544

75,740

Government bonds

1,355,202

2,230,288

815,510

53,550

1,599,606

2,037,705

368,921

64,043

Municipal bonds

19,702

3,528

560

19,659

23,323

403

Corporate bonds

136,616

324,304

57,399

14,264

88,241

342,442

8,220

11,648

Other

472,091

2,847,169

784,171

532,883

516,659

2,342,441

658,919

134,391

Foreign bonds

468,796

2,686,173

701,906

512,846

499,129

2,226,603

579,952

111,499

Other

3,294

160,995

82,264

20,036

17,530

115,838

78,967

22,891

Total

1,983,613

5,405,290

1,657,641

600,745

2,224,167

4,745,912

1,036,464

210,131

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the fiscal year
ended
March 31, 2011
(A)

Increase
(Decrease)
(A) - (B)

For the fiscal year
ended
March 31, 2010
(B)

ROE*

6.89

1.96

4.92

Note:

* ROE is computed as follows:


Net income - 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 March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
(1) Risk-adjusted capital ratio		14.89	%		0.02	%		14.87	%
Tier 1 ratio		11.33	%		0.69	%		10.63	%
(2) Tier 1 capital		9,953.3			(56.3	)		10,009.6
(3) Qualified Tier 2 capital		3,920.4			(529.1	)		4,449.6
(4) Deductions from total qualifying capital		792.9			325.4			467.5
(5) Net qualifying capital (2)+(3)-(4)		13,080.8			(910.9	)		13,991.7
(6) Risk-adjusted assets		87,804.9			(6,276.3	)		94,081.3
(7) Required Capital		7,024.3			(502.1	)		7,526.5
BTMU Consolidated
	(in billions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
(1) Risk-adjusted capital ratio		15.82	%		0.27	%		15.54	%
Tier 1 ratio		11.42	%		0.58	%		10.84	%
(2) Tier 1 capital		8,284.1			(65.3	)		8,349.4
(3) Qualified Tier 2 capital		3,483.5			(417.7	)		3,901.3
(4) Deductions from total qualifying capital		297.9			12.2			285.7
(5) Net qualifying capital (2)+(3)-(4)		11,469.7			(495.3	)		11,965.0
(6) Risk-adjusted assets		72,485.5			(4,491.0	)		76,976.5
(7) Required Capital		5,798.8			(359.2	)		6,158.1
MUTB Consolidated
	(in billions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
(1) Risk-adjusted capital ratio		15.93	%		(0.08	)%		16.02	%
Tier 1 ratio		13.02	%		0.55	%		12.47	%
(2) Tier 1 capital		1,392.7			40.7			1,352.0
(3) Qualified Tier 2 capital		395.2			(83.5	)		478.8
(4) Deductions from total qualifying capital		83.7			(9.9	)		93.6
(5) Net qualifying capital (2)+(3)-(4)		1,704.2			(32.9	)		1,737.2
(6) Risk-adjusted assets		10,693.5			(148.3	)		10,841.9
(7) Required Capital		855.4			(11.8	)		867.3
BTMU Non-consolidated
	(in billions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
(1) Risk-adjusted capital ratio		16.61	%		0.27	%		16.34	%
Tier 1 ratio		12.09	%		0.50	%		11.59	%
(2) Tier 1 capital		8,179.0			(97.0	)		8,276.1
(3) Net qualifying capital		11,238.5			(428.5	)		11,667.0
(4) Risk-adjusted assets		67,635.3			(3,757.1	)		71,392.4
(5) Required Capital		5,410.8			(300.5	)		5,711.3
MUTB Non-consolidated
	(in billions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
(1) Risk-adjusted capital ratio		16.01	%		(0.09	)%		16.10	%
Tier 1 ratio		12.64	%		0.54	%		12.09	%
(2) Tier 1 capital		1,347.3			41.8			1,305.5
(3) Net qualifying capital		1,706.8			(31.2	)		1,738.0
(4) Risk-adjusted assets		10,659.3			(132.5	)		10,791.9
(5) Required Capital		852.7			(10.6	)		863.3

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. Required Capital is 8% of risk-adjusted assets.

Mitsubishi UFJ Financial Group, Inc.

7. Risk-Monitored Loans

MUFG Consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2011 (A)		% to total loans and bills discounted			As of March 31, 2010 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		53,116		0.06	%		113,104		0.13	%		(59,987	)		(0.06	)%
Non-accrual delinquent loans		1,022,139		1.27	%		1,212,609		1.42	%		(190,469	)		(0.15	)%
Accruing loans contractually past due 3 months or more		142,789		0.17	%		29,175		0.03	%		113,614			0.14	%
Restructured loans		574,503		0.71	%		411,137		0.48	%		163,365			0.23	%
Total risk monitored loans		1,792,549		2.24	%		1,766,026		2.08	%		26,523			0.16	%
Total loans and bills discounted		79,995,024					84,880,603					(4,885,579	)

Written-off		912,112					981,866					(69,753	)

(2) Allowance for Credit Losses

	(in millions of yen)
	As of March 31, 2011 (A)		% to total risk monitored loans			As of March 31, 2010 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		1,143,997		63.81	%		1,337,922		75.75	%		(193,924	)		(11.93	)%
General allowance for credit losses		805,242					830,023					(24,780	)
Specific allowance for credit losses		338,028					507,086					(169,057	)
Allowance for credit to specific foreign borrowers		725					812					(86	)

(3) Classification of Risk-Monitored Loans



Classified by Geographic Area	(in millions of yen)
	As of March 31, 2011 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,551,505		1,467,926		83,578
Overseas		241,044		298,099		(57,055	)
Asia		9,419		14,466		(5,046	)
Indonesia		931		3,526		(2,595	)
Thailand		5,179		5,772		(592	)
Hong Kong		24		618		(594	)
Other		3,284		4,548		(1,264	)
United States of America		110,341		147,316		(36,974	)
Other		121,282		136,316		(15,033	)

Total		1,792,549		1,766,026		26,523


Classified by Industry	(in millions of yen)
	As of March 31, 2011 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,551,505		1,467,926		83,578
Manufacturing		221,358		180,462		40,896
Construction		64,252		48,642		15,609
Wholesale and retail		203,873		151,744		52,128
Finance and insurance		7,772		4,448		3,324
Real estate, goods rental and leasing		196,998		254,630		(57,631	)
Services		122,532		103,783		18,749
Other industries		83,556		186,158		(102,601	)
Consumer		651,159		538,057		113,102
Overseas		241,044		298,099		(57,055	)
Financial institutions		24,299		21,998		2,300
Commercial and industrial		123,328		171,587		(48,258	)
Other		93,416		104,512		(11,096	)

Total		1,792,549		1,766,026		26,523

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2011 (A)		% to total loans and bills discounted			As of March 31, 2010 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		48,118		0.07	%		89,791		0.12	%		(41,672	)		(0.05	)%
Non-accrual delinquent loans		753,909		1.16	%		836,861		1.21	%		(82,951	)		(0.05	)%
Accruing loans contractually past due 3 months or more		113,208		0.17	%		24,730		0.03	%		88,477			0.13	%
Restructured loans		425,616		0.65	%		265,398		0.38	%		160,217			0.27	%
Total risk monitored loans		1,340,853		2.06	%		1,216,781		1.76	%		124,071			0.30	%
Total loans and bills discounted		64,981,715					69,106,624					(4,124,908	)

Written-off		692,351					749,744					(57,393	)

(2) Allowance for Credit Losses



	(in millions of yen)
	As of March 31, 2011 (A)		% to total risk monitored loans			As of March 31, 2010 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		712,944		53.17	%		722,486		59.37	%		(9,541	)		(6.20	)%
General allowance for credit losses		481,006					410,690					70,316
Specific allowance for credit losses		231,213					310,984					(79,771	)
Allowance for credit to specific foreign borrowers		725					812					(86	)

(3) Classification of Risk-Monitored Loans


Classified by Geographic Area	(in millions of yen)
	As of March 31, 2011 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,215,189		1,048,842		166,347
Overseas		125,663		167,939		(42,275	)
Asia		2,326		7,009		(4,683	)
Indonesia		331		2,732		(2,400	)
Thailand		1,076		1,159		(83	)
Hong Kong		24		618		(594	)
Other		894		2,498		(1,604	)
United States of America		2,880		24,816		(21,935	)
Other		120,457		136,114		(15,656	)

Total		1,340,853		1,216,781		124,071

Classified by Industry
	(in millions of yen)
	As of March 31, 2011 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,215,189		1,048,842		166,347
Manufacturing		215,606		167,588		48,018
Construction		62,717		46,246		16,470
Wholesale and retail		200,085		148,347		51,737
Finance and insurance		7,736		2,319		5,416
Real estate		164,097		192,827		(28,729	)
Goods rental and leasing		3,297		28,915		(25,617	)
Services		120,252		100,133		20,119
Other industries		80,502		160,673		(80,171	)
Consumer		360,893		201,790		159,102
Overseas		125,663		167,939		(42,275	)
Financial institutions		19,266		20,951		(1,684	)
Commercial and industrial		45,020		78,415		(33,395	)
Other		61,376		68,572		(7,195	)

Total		1,340,853		1,216,781		124,071

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2011 (A)		% to total loans and bills discounted			As of March 31, 2010 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		1,665		0.01	%		8,352		0.08	%		(6,687	)		(0.06	)%
Non-accrual delinquent loans		38,226		0.36	%		64,798		0.63	%		(26,572	)		(0.27	)%
Accruing loans contractually past due 3 months or more		599		0.00	%		486		0.00	%		112			0.00	%
Restructured loans		10,474		0.09	%		18,203		0.17	%		(7,729	)		(0.07	)%
Total risk monitored loans		50,964		0.48	%		91,841		0.89	%		(40,876	)		(0.41	)%
Total loans and bills discounted		10,589,116					10,257,717					331,399

Written-off		22,509					30,690					(8,180	)

(2) Allowance for Credit Losses

	(in millions of yen)
	As of March 31, 2011 (A)		% to total risk monitored loans			As of March 31, 2010 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		54,436		106.81	%		66,448		72.35	%		(12,011	)		34.46	%
General allowance for credit losses		37,473					36,277					1,196
Specific allowance for credit losses		16,963					30,170					(13,207	)
Allowance for credit to specific foreign borrowers		—					—					—

(3) Classification of Risk-Monitored Loans


Classified by Geographic Area	(in millions of yen)
	As of March 31, 2011 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		50,946		91,796		(40,850	)
Overseas		18		44		(25	)
Asia		—		—		—
Indonesia		—		—		—
Thailand		—		—		—
Hong Kong		—		—		—
Other		—		—		—
United States of America		5		30		(25	)
Other		13		13		(0	)

Total		50,964		91,841		(40,876	)


Classified by Industry	(in millions of yen)
	As of March 31, 2011 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		50,946		91,796		(40,850	)
Manufacturing		5,715		12,835		(7,120	)
Construction		1,488		2,269		(781	)
Wholesale and retail		3,445		3,096		348
Finance and insurance		—		2,094		(2,094	)
Real estate		24,865		27,606		(2,740	)
Goods rental and leasing		—		180		(180	)
Services		2,226		2,839		(613	)
Other industries		3,042		25,447		(22,404	)
Consumer		10,162		15,425		(5,262	)
Overseas		18		44		(25	)
Financial institutions		—		—		—
Commercial and industrial		5		44		(39	)
Other		13		—		13

Total		50,964		91,841		(40,876	)

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 March 31, 2011 (A)		% to total loans and bills discounted			As of March 31, 2010 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		90		0.07	%		109		0.08	%		(19	)		(0.00	)%
Non-accrual delinquent loans		27		0.02	%		15		0.01	%		12			0.01	%
Accruing loans contractually past due 3 months or more		102		0.09	%		77		0.06	%		25			0.02	%
Restructured loans		811		0.71	%		803		0.64	%		7			0.07	%
Total risk monitored loans		1,031		0.90	%		1,006		0.80	%		24			0.10	%

Total loans and bills discounted		113,533					125,147					(11,613	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of March 31, 2011 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Special internal reserves		—		349		(349	)
Allowance for bad debts		341		378		(37	)

(3) Classification of Risk-Monitored Loans

Classified by Industry


	(in millions of yen)
	As of March 31, 2011 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,031		1,006		24
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		693		371		322
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		337		635		(297	)

Total		1,031		1,006		24

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 March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								131,292			194,230			(62,938	)
Doubtful								748,773			845,033			(96,260	)
Special Attention								550,683			309,529			241,154
Non Performing Loans (1)								1,430,749			1,348,793			81,956
Normal								83,575,725			88,269,795			(4,694,070	)
Total								85,006,474			89,618,588			(4,612,113	)

Non Performing Loans / Total								1.68	%		1.50	%		0.17	%
(2) Status of Coverage of Non Performing Loans
							(in millions of yen)
							As of March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								1,107,832			1,059,280			48,552
Allowance for credit losses								347,946			413,408			(65,461	)
Collateral, guarantees, etc.								759,886			645,872			114,013

Coverage ratio (2) / (1)								77.43	%		78.53	%		(1.10	)%
(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		131,292			4,417			126,874						100.00	%
Bankrupt or De facto Bankrupt		[194,230	]		[3,006	]		[191,224	]					[100.00	%]
Doubtful		748,773			212,657			350,143						75.16	%
Doubtful		[845,033	]		[326,960	]		[334,581	]					[78.28	%]
Special Attention		550,683			130,871			282,868						75.13	%
Special Attention		[309,529	]		[83,441	]		[120,066	]					[65.74	%]
Total		1,430,749			347,946			759,886						77.43	%
Total		[1,348,793	]		[413,408	]		[645,872	]					[78.53	%]
Note: The upper figures are as of March 31, 2011. The lower figures with bracket are as of March 31, 2010. (4) Classified by Industry
							(in millions of yen)
							As of March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Domestic								1,301,084			1,178,347			122,737
Manufacturing								226,799			189,120			37,679
Construction								65,934			49,792			16,141
Wholesale and retail								218,899			161,907			56,992
Finance and insurance								8,865			5,595			3,269
Real estate								193,130			225,788			(32,657	)
Goods rental and leasing								3,345			29,383			(26,037	)
Services								126,209			107,790			18,419
Other industries								85,908			190,223			(104,314	)
Consumer								371,992			218,746			153,245
Overseas								129,664			170,445			(40,780	)
Financial institutions								19,268			21,153			(1,884	)
Commercial and industrial								49,006			79,983			(30,977	)
Other								61,390			69,308			(7,918	)

Total								1,430,749			1,348,793			81,956

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Non Performing Loans


							(in millions of yen)
							As of March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								127,261			183,009			(55,747	)
Doubtful								712,630			782,806			(70,176	)
Special Attention								538,824			290,129			248,695
Non Performing Loans (1)								1,378,716			1,255,945			122,770
Normal								72,744,393			77,776,487			(5,032,093	)
Total								74,123,110			79,032,433			(4,909,323	)

Non Performing Loans / Total								1.86	%		1.58	%		0.27	%

(2) Status of Coverage of Non Performing Loans

							(in millions of yen)
							As of March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								1,063,116			982,459			80,656
Allowance for credit losses								334,716			379,456			(44,740	)
Collateral, guarantees, etc.								728,400			603,003			125,396

Coverage ratio (2) / (1)								77.10	%		78.22	%		(1.11	)%

(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		127,261			4,402			122,859			100.00	%		100.00	%
Bankrupt or De facto Bankrupt		[183,009	]		[2,515	]		[180,494	]		[100.00	%]		[100.00	%]
Doubtful		712,630			202,816			329,979			53.00	%		74.76	%
Doubtful		[782,806	]		[297,982	]		[307,113	]		[62.64	%]		[77.29	%]
Special Attention		538,824			127,497			275,560			48.42	%		74.80	%
Special Attention		[290,129	]		[78,959	]		[115,394	]		[45.18	%]		[66.98	%]
Total		1,378,716			334,716			728,400			51.46	%		77.10	%
Total		[1,255,945	]		[379,456	]		[603,003	]		[58.11	%]		[78.22	%]
Note: The upper figures are as of March 31, 2011. The lower figures with bracket are as of March 31, 2010. (4) Classified by Industry
							(in millions of yen)
							As of March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Domestic								1,249,072			1,085,544			163,527
Manufacturing								221,084			176,284			44,799
Construction								64,446			47,523			16,922
Wholesale and retail								215,454			158,810			56,643
Finance and insurance								8,865			3,501			5,364
Real estate								167,571			197,810			(30,239	)
Goods rental and leasing								3,345			29,202			(25,857	)
Services								123,969			104,950			19,018
Other industries								82,865			164,775			(81,909	)
Consumer								361,470			202,686			158,784
Overseas								129,644			170,401			(40,757	)
Financial institutions								19,266			21,153			(1,886	)
Commercial and industrial								49,000			79,939			(30,938	)
Other								61,376			69,308			(7,932	)
Total								1,378,716			1,255,945			122,770

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Non Performing Loans


							(in millions of yen)
							As of March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								3,881			11,060			(7,179	)
Doubtful								36,047			62,089			(26,042	)
Special Attention								11,073			18,690			(7,616	)
Non Performing Loans (1)								51,001			91,841			(40,839	)
Normal								10,718,828			10,369,166			349,662
Total								10,769,830			10,461,007			308,822

Non Performing Loans / Total								0.47	%		0.87	%		(0.40	)%
(2) Status of Coverage of Non Performing Loans
							(in millions of yen)
							As of March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								43,870			75,967			(32,097	)
Allowance for credit losses								13,230			33,951			(20,721	)
Collateral, guarantees, etc.								30,639			42,015			(11,376	)

Coverage ratio (2) / (1)								86.01	%		82.71	%		3.30	%
(3) Coverage Ratio
	(in millions of yen)
Category	Loan amount (A)			Allowance for credit losses (B)			Covered by collateral and/ or guarantees (C)			Coverage ratio for unsecured portion (B) / [(A) - (C)]			Coverage ratio [(B) + (C)] / (A)
Bankrupt or De facto Bankrupt		3,881			15			3,865			100.00	%		100.00	%
		[11,060	]		[491	]		[10,569	]		[100.00	%]		[100.00	%]
Doubtful		36,047			9,841			20,067			61.58	%		82.97	%
		[62,089	]		[28,977	]		[27,330	]		[83.36	%]		[90.68	%]
Special Attention		11,073			3,373			6,706			77.25	%		91.02	%
		[18,690	]		[4,482	]		[4,115	]		[30.75	%]		[46.00	%]
Total		51,001			13,230			30,639			64.97	%		86.01	%
		[91,841	]		[33,951	]		[42,015	]		[68.14	%]		[82.71	%]

Note: The upper figures are as of March 31, 2011. The lower figures with bracket are as of March 31, 2010. (4) Classified by Industry
							(in millions of yen)
							As of March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Domestic								50,981			91,796			(40,815	)
Manufacturing								5,715			12,835			(7,120	)
Construction								1,488			2,269			(781	)
Wholesale and retail								3,445			3,096			348
Finance and insurance								—			2,094			(2,094	)
Real estate								24,865			27,606			(2,740	)
Goods rental and leasing								—			180			(180	)
Services								2,240			2,839			(599	)
Other industries								3,042			25,447			(22,404	)
Consumer								10,184			15,425			(5,240	)
Overseas								20			44			(23	)
Financial institutions								2			—			2
Commercial and industrial								5			44			(39	)
Other								13			—			13
Total								51,001			91,841			(40,839	)

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 March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								149			159			(10	)
Doubtful								95			137			(41	)
Special Attention								785			709			76
Non Performing Loans (1)								1,031			1,006			24
Normal								112,502			124,140			(11,638	)
Total								113,533			125,147			(11,613	)

Non Performing Loans / Total								0.90	%		0.80	%		0.10	%
(2) Status of Coverage of Non Performing Loans
							(in millions of yen)
							As of March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								846			853			(7	)
Allowance for credit losses								—			—			—
Collateral, guarantees, etc.								846			853			(7	)

Coverage ratio (2) / (1)								82.09	%		84.82	%		(2.72	)%

(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		149			—			149						100.00	%
Bankrupt or De facto Bankrupt		[159	]		[—	]		[159	]					[100.00	%]
Doubtful		95			—			95						99.86	%
Doubtful		[137	]		[—	]		[137	]					[100.00	%]
Special Attention		785			—			601						76.53	%
Special Attention		[709	]		[—	]		[556	]					[78.47	%]
Total		1,031			—			846						82.09	%
Total		[1,006	]		[—	]		[853	]					[84.82	%]
Note: The upper figures are as of March 31, 2011. The lower figures with bracket are as of March 31, 2010. (4) Classified by Industry
							(in millions of yen)
							As of March 31, 2011 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Domestic								1,031			1,006			24
Manufacturing								—			—			—
Construction								—			—			—
Wholesale and retail								—			—			—
Finance and insurance								—			—			—
Real estate								693			371			322
Goods rental and leasing								—			—			—
Services								—			—			—
Other industries								—			—			—
Consumer								337			635			(297	)

Total								1,031			1,006			24

Mitsubishi UFJ Financial Group, Inc.

Overview of Non-Performing Loans

BTMU and MUTB Combined

(in billions of yen)

Self-Assessment

Coverage ratio
for unsecured
portion

Non-Performing
Loans Based on the
“FRL”

Risk-Monitored
Loans

Classification

Category of
Borrowers

Non-
Classification

Classification
II

Classification
III

Classification
IV

Bankrupt
Borrowers

[126.7]

[2.9]

[1.4]
(*1)

100.00%

Bankrupt or De facto Bankrupt
[131.1]

Loans to bankrupt borrowers

[49.7]

Substantially
Bankrupt
Borrowers

Non-accrual delinquent loans

[792.1]

Potentially
Bankrupt
Borrowers

[356.7]

[391.9]

53.34%

‚ Doubtful

[748.6]

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

[549.8]

48.89%

ƒ Special Attention [549.8]

Accruing loans contractually past due 3 months or more [113.8]

Restructured loans [436.0]

Borrowers
Requiring
Caution
(Other
Borrowers)

„ Normal

[83,463.2]

Normal
Borrowers

Non-Performing Loans Based on the “FRL”

Risk-Monitored Loans

(+‚+ƒ)

1,429.7

1,391.8

Total

(+‚+ƒ+„)

84,892.9

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

Mitsubishi UFJ Financial Group, Inc.

9. Progress in Disposition of Problem Assets

BTMU and MUSP Combined

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


	(in billions of yen)
	As of March 31, 2008		As of September 30, 2008		As of March 31, 2009		As of September 30, 2009		As of March 31, 2010		As of September 30, 2010 (a)		As of March 31, 2011 (b)		(b) - (a)
Bankrupt or De facto Bankrupt		108.8		136.1		221.8		208.2		183.0		137.9		127.3		(10.6	)
Doubtful		514.5		690.9		618.2		676.2		786.6		805.9		716.2		(89.6	)

Total		623.4		827.1		840.0		884.4		969.7		943.8		843.5		(100.2	)


(1) Assets categorized as problem assets based on the “FRL” prior to March 31, 2008

Bankrupt or De facto Bankrupt		108.8		91.9		85.6		64.6		56.0		34.2		32.1		(2.0	)
Doubtful		514.5		319.5		226.1		173.9		144.9		135.0		112.5		(22.4	)

Total		623.4		411.5		311.8		238.5		200.9		169.2		144.7		(24.5	)


(2) 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		44.4		24.8		18.1		(6.6	)
Doubtful				371.3		140.5		87.7		61.0		57.2		34.4		(22.7	)

Total				415.5		211.6		141.3		105.5		82.0		52.5		(29.4	)


(3) 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		33.7		20.2		10.6		(9.6	)
Doubtful						251.4		96.3		64.7		42.7		34.0		(8.7	)

Total						316.5		150.0		98.4		63.0		44.6		(18.3	)


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

Bankrupt or De facto Bankrupt								36.2		26.2		17.5		12.1		(5.4	)
Doubtful								318.2		247.4		162.8		77.5		(85.2	)

Total								354.5		273.7		180.3		89.6		(90.6	)


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

Bankrupt or De facto Bankrupt										22.5		15.5		10.8		(4.6	)
Doubtful										268.4		211.3		109.9		(101.4	)

Total										290.9		226.9		120.8		(106.0	)


(6) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2010

Bankrupt or De facto Bankrupt												25.4		17.3		(8.0	)
Doubtful												196.7		170.9		(25.8	)

Total												222.1		188.2		(33.8	)


(7) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2010

Bankrupt or De facto Bankrupt														25.9
Doubtful														176.8

Total														202.7

(B) Progress in Disposition of Problem Assets of the Six Months Ended March 31, 2011


	(in billions of yen)
	Time of categorization
	prior to March 31, 2008		the 1st half of fiscal 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		the 1st half of fiscal 2010		Total
Liquidation		0.1		2.8		4.1		0.8		2.9		5.4		16.3
Re-constructive treatment		0.4		2.3		3.4		44.9		2.8		1.1		55.0
Upgrade due to re-constructive treatment		—		—		—		3.2		—		—		3.2
Loan sales to secondary market		0.7		—		—		—		0.7		2.3		3.8
Write-offs		1.8		0.8		6.4		8.3		9.9		6.4		33.9
Other		21.2		23.4		4.3		33.2		89.5		18.5		190.5
Collection / Repayment		15.1		19.4		2.9		8.9		20.0		14.7		81.3
Upgraded		6.0		4.0		1.4		24.3		69.5		3.7		109.2

Total		24.5		29.4		18.3		90.6		106.0		33.8		303.0


	(in billions of yen)
	Time of categorization
	prior to March 31, 2008		the 1st half of fiscal 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		the 1st half of fiscal 2010		the 2nd half of fiscal 2010		Total
Legal liquidation		5.1		13.9		4.6		3.5		3.5		6.1		14.8		51.8
Quasi-legal liquidation		—		—		—		—		—		—		—		—
Split-off of problem loans		—		—		—		—		—		—		—		—
Partial write-off of small balance loans		22.0		4.2		5.7		7.3		7.3		8.8		9.4		65.0
Entrusted to the RCC		—		—		—		—		—		—		—		—

Total		27.1		18.1		10.4		10.9		10.8		15.0		24.3		116.9

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 March 31, 2008		As of September 30, 2008		As of March 31, 2009		As of September 30, 2009		As of March 31, 2010		As of September 30, 2010 (a)		As of March 31, 2011 (b)		(b) - (a)
Bankrupt or De facto Bankrupt		9.0		13.2		19.3		13.1		11.2		4.5		4.0		(0.5	)
Doubtful		45.7		34.1		41.8		65.1		62.2		58.5		36.1		(22.4	)

Total		54.7		47.3		61.1		78.3		73.4		63.1		40.1		(22.9	)


(1) Assets categorized as problem assets based on the “FRL” prior to March 31, 2008
Bankrupt or De facto Bankrupt		9.0		8.0		6.8		3.3		2.0		1.8		1.3		(0.5	)
Doubtful		45.7		22.5		17.5		15.2		13.9		12.2		9.1		(3.0	)

Total		54.7		30.5		24.4		18.5		15.9		14.0		10.4		(3.6	)


(2) 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		7.1		1.3		1.2		(0.0	)
Doubtful				11.5		4.5		4.2		4.0		3.8		3.6		(0.1	)

Total				16.7		14.2		11.6		11.2		5.1		4.8		(0.2	)


(3) 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		0.8		0.2		0.1		(0.1	)
Doubtful						19.7		13.7		5.7		5.1		3.1		(2.0	)

Total						22.5		15.2		6.6		5.4		3.2		(2.2	)


(4) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2009
Bankrupt or De facto Bankrupt								0.9		0.8		0.2		0.3		0.1
Doubtful								31.8		26.8		25.3		3.5		(21.7	)

Total								32.7		27.6		25.5		3.9		(21.5	)


(5) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2009
Bankrupt or De facto Bankrupt										0.3		0.6		0.3		(0.2	)
Doubtful										11.6		9.0		6.1		(2.8	)

Total										11.9		9.7		6.5		(3.1	)


(6) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2010
Bankrupt or De facto Bankrupt												0.2		0.4		0.2
Doubtful												3.0		1.7		(1.2	)

Total												3.2		2.2		(1.0	)


(7) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2010
Bankrupt or De facto Bankrupt														0.0
Doubtful														8.7

Total														8.8

(B) Progress in Disposition of Problem Assets of the Six Months Ended March 31, 2011


	(in billions of yen)
	Time of categorization													Total
	prior to March 31, 2008		the 1st half of fiscal 2008			the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		the 1st half of fiscal 2010		Total
Liquidation		—		—			—		—		1.8		—		1.8
Re-constructive treatment		—		—			—		17.5		—		—		17.5
Upgrade due to re-constructive treatment		—		—			—		2.6		—		—		2.6
Loan sales to secondary market		—		—			—		—		—		—		—
Write-offs		0.1		(0.0	)		—		0.1		0.0		0.2		0.5
Other		3.4		0.2			2.2		1.1		1.2		0.7		9.1
Collection / Repayment		0.7		0.2			2.1		0.2		0.9		0.4		4.7
Upgraded		2.7		0.0			0.0		0.9		0.2		0.3		4.4

Total		3.6		0.2			2.2		21.5		3.1		1.0		31.8


	(in billions of yen)
	Time of categorization														Total
	prior to March 31, 2008		the 1st half of fiscal 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		the 1st half of fiscal 2010		the 2nd half of fiscal 2010		Total
Legal liquidation		0.3		1.1		0.0		0.0		0.1		0.0		0.0		1.7
Quasi-legal liquidation		1.0		0.3		—		—		—		—		—		1.4
Split-off of problem loans		—		—		—		—		—		—		—		—
Partial write-off of small balance loans		1.0		0.0		0.1		0.3		0.2		0.4		0.0		2.2
Entrusted to the RCC		—		—		—		—		—		—		—		—

Total		2.4		1.6		0.1		0.3		0.3		0.4		0.0		5.4

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


	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Domestic offices (excluding loans booked at offshore markets)		63,919,723			(3,932,077	)		67,851,801
Manufacturing		8,801,232			(898,585	)		9,699,817
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		130,204			(8,680	)		138,884
Construction		1,058,259			(157,908	)		1,216,167
Utilities		1,064,785			391,448			673,337
Communication and information services		1,050,091			(69,186	)		1,119,277
Transport and postal activities		2,703,686			(182,451	)		2,886,137
Wholesale and retail		6,366,197			(314,513	)		6,680,710
Finance and insurance		7,560,941			(487,767	)		8,048,708
Real estate		9,452,987			(243,996	)		9,696,983
Goods rental and leasing		1,645,271			(300,430	)		1,945,701
Services		3,059,912			(318,205	)		3,378,117
Municipal government		953,470			(15,569	)		969,039
Other industries		20,072,677			(1,326,236	)		21,398,913
Overseas offices and loans booked at offshore markets		11,798,454			130,577			11,667,876

Total		75,718,178			(3,801,499	)		79,519,677

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Total domestic consumer loans		18,044,760			(218,959	)		18,263,719
Housing loans		17,300,674			(166,720	)		17,467,394
Residential purpose		13,864,421			(85,141	)		13,949,562
Other		744,086			(52,238	)		796,324
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Outstanding amount		39,917,727			(1,356,485	)		41,274,212
% to total domestic loans		62.44	%		1.61	%		60.82	%

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Domestic offices (excluding loans booked at offshore markets)		53,708,420			(4,109,302	)		57,817,722
Manufacturing		6,923,784			(657,207	)		7,580,991
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		124,907			(8,033	)		132,940
Construction		931,798			(123,405	)		1,055,203
Utilities		682,358			254,625			427,733
Communication and information services		805,959			(33,411	)		839,370
Transport and postal activities		1,996,396			(144,933	)		2,141,329
Wholesale and retail		5,600,907			(319,252	)		5,920,159
Finance and insurance		5,848,553			(544,535	)		6,393,088
Real estate		7,545,571			(245,489	)		7,791,060
Goods rental and leasing		1,037,267			(214,686	)		1,251,953
Services		2,654,789			(378,471	)		3,033,260
Municipal government		911,653			(11,295	)		922,948
Other industries		18,644,478			(1,683,210	)		20,327,688
Overseas offices and loans booked at offshore markets		11,273,295			(15,606	)		11,288,902

Total		64,981,715			(4,124,908	)		69,106,624

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Total domestic consumer loans		16,930,320			(226,608	)		17,156,929
Housing loans		16,200,544			(176,538	)		16,377,083
Residential purpose		13,072,075			(114,765	)		13,186,841
Other		729,776			(50,070	)		779,846
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Outstanding amount		35,255,814			(1,453,694	)		36,709,508
% to total domestic loans		65.64	%		2.15	%		63.49	%

MUTB Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Domestic offices (excluding loans booked at offshore markets)		10,063,957			185,214			9,878,743
Manufacturing		1,877,448			(241,181	)		2,118,629
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		5,297			(647	)		5,944
Construction		126,461			(34,503	)		160,964
Utilities		382,345			136,970			245,375
Communication and information services		244,132			(35,775	)		279,907
Transport and postal activities		704,771			(36,414	)		741,185
Wholesale and retail		765,290			4,739			760,551
Finance and insurance		1,712,388			56,768			1,655,620
Real estate		1,884,359			4,815			1,879,544
Goods rental and leasing		607,904			(85,744	)		693,648
Services		403,527			60,548			342,979
Municipal government		24,279			(1,197	)		25,476
Other industries		1,325,747			356,835			968,912
Overseas offices and loans booked at offshore markets		525,158			146,184			378,974

Total		10,589,116			331,399			10,257,717

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Total domestic consumer loans		1,044,823			12,234			1,032,589
Housing loans		1,030,970			14,282			1,016,688
Residential purpose		725,785			33,610			692,174
Other		13,852			(2,048	)		15,901
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Outstanding amount		4,534,807			100,740			4,434,067
% to total domestic loans		45.05	%		0.17	%		44.88	%

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Domestic offices (excluding loans booked at offshore markets)		147,345			(7,989	)		155,335
Manufacturing		—			(197	)		197
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		82			(147	)		229
Communication and information services		—			—			—
Transport and postal activities		2,519			(1,104	)		3,623
Wholesale and retail		—			—			—
Finance and insurance		—			—			—
Real estate		23,057			(3,322	)		26,379
Goods rental and leasing		100			—			100
Services		1,596			(282	)		1,878
Municipal government		17,538			(3,077	)		20,615
Other industries		102,452			139			102,313
Overseas offices and loans booked at offshore markets		—			—			—

Total		147,345			(7,989	)		155,335

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Total domestic consumer loans		69,616			(4,584	)		74,200
Housing loans		69,158			(4,464	)		73,623
Residential purpose		66,559			(3,986	)		70,546
Other		457			(119	)		577
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Outstanding amount		127,106			(3,531	)		130,637
% to total domestic loans		86.26	%		2.16	%		84.10	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BTMU and MUTB Combined


	(in millions of yen)
	As of March 31, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Asia		3,887,581		507,466			3,380,114
Thailand		496,489		(8,689	)		505,179
Indonesia		329,370		41,312			288,057
Malaysia		285,892		44,455			241,436
Philippines		64,277		(3,392	)		67,670
South Korea		271,404		(4,803	)		276,207
Singapore		585,549		(22,790	)		608,339
Hong Kong		940,639		178,758			761,880
China		40,809		3,394			37,415
Taiwan		186,816		65,183			121,632
Others		686,333		214,038			472,295
Latin America		1,462,091		35,267			1,426,823
Argentina		1,651		651			1,000
Brazil		119,221		(24,008	)		143,229
Mexico		96,235		(8,168	)		104,404
Caribbean countries		1,130,222		62,350			1,067,872
Others		114,759		4,442			110,317
North America		2,809,792		(311,707	)		3,121,500
United States of America		2,621,434		(374,575	)		2,996,010
Canada		188,357		62,867			125,490
Western Europe		2,744,166		(166,897	)		2,911,064
United Kingdom		800,344		18,616			781,727
Germany		367,902		(49,740	)		417,642
France		338,975		24,134			314,840
Netherlands		348,243		78,853			269,389
Spain		264,615		7,932			256,682
Italy		131,153		(42,844	)		173,997
Others		492,933		(203,850	)		696,783
Eastern Europe		208,980		(75,519	)		284,500
Others		2,077,620		408,945			1,668,675

Total		13,190,233		397,554			12,792,678


Note:		In addition to the (non-consolidated basis) loan balance stated above, three major overseas subsidiaries have the following loan
		balances as of the consolidated financial statements date.
		UnionBanCal Corporation: ¥3,874,170 million (a 437,630 million yen decrease as compared with March 31, 2010.)
		Bank of Tokyo-Mitsubishi UFJ (China), Ltd.: ¥749,532 million (a 77,506 million yen increase as compared with March 31, 2010.)
		Bank of Tokyo-Mitsubishi UFJ (Holland) N.V.: ¥480,971 million (a 57,182 million yen decrease as compared with March 31, 2010.)

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of March 31, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Deposits (ending balance)		118,287,876		1,799,600			116,488,275
Deposits (average balance)		113,548,296		1,196,549			112,351,747
Loans (ending balance)		75,570,832		(3,793,509	)		79,364,342
Loans (average balance)		75,007,345		(5,932,109	)		80,939,454

BTMU Non-consolidated

	(in millions of yen)
	As of March 31, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Deposits (ending balance)		105,854,679		1,878,457			103,976,222
Deposits (average balance)		101,203,524		1,827,524			99,376,000
Loans (ending balance)		64,981,715		(4,124,908	)		69,106,624
Loans (average balance)		64,869,097		(5,866,710	)		70,735,808

MUTB Non-consolidated

	(in millions of yen)
	As of March 31, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Deposits (ending balance)		12,433,196		(78,856	)		12,512,053
Deposits (average balance)		12,344,772		(630,974	)		12,975,747
Loans (ending balance)		10,589,116		331,399			10,257,717
Loans (average balance)		10,138,247		(65,398	)		10,203,646

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of March 31, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Individuals		64,384,645		1,339,265			63,045,379
Corporations and others		44,511,939		(40,546	)		44,552,486
Domestic deposits		108,896,585		1,298,718			107,597,866
Note: Amounts do not include negotiable certificates of deposit and JOM accounts. BTMU Non-consolidated
	(in millions of yen)
	As of March 31, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Individuals		55,813,841		1,456,430			54,357,411
Corporations and others		41,359,766		40,220			41,319,545
Domestic deposits		97,173,607		1,496,650			95,676,956
Note: Amounts do not include negotiable certificates of deposit and JOM accounts. MUTB Non-consolidated
	(in millions of yen)
	As of March 31, 2011 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Individuals		8,570,804		(117,164	)		8,687,968
Corporations and others		3,152,173		(80,767	)		3,232,940
Domestic deposits		11,722,978		(197,931	)		11,920,909

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 March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Deferred tax assets		1,039.1			14.5			1,024.5
Net operating losses carried forwards		23.6			(243.5	)		267.2
Allowance for credit losses		456.3			9.5			446.8
Write-down on investment securities		294.2			0.5			293.7
Unrealized losses on other securities		113.9			20.6			93.2
Reserve for retirement benefits		92.8			7.0			85.8
Other		469.1			10.2			458.8
Valuation allowance		(411.0	)		210.1			(621.1	)
Deferred tax liabilities		375.4			(141.8	)		517.3
Unrealized gains on other securities		178.1			(97.5	)		275.7
Net deferred gains on hedges		44.7			(31.9	)		76.6
Revaluation gains on securities upon merger		49.5			(19.1	)		68.6
Gains on securities contributed to employee retirement benefits trust		65.9			(0.0	)		65.9
Other		37.1			6.8			30.2
Net deferred tax assets		663.6			156.3			507.2

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


	(in billions of yen)
	FY2005			FY2006			FY2007			FY2008			FY2009			FY2010
Net business profits before credit costs		1,087.7			899.7			828.2			710.8			863.1			1,006.5
Credit costs		(565.4	)		(53.4	)		76.5			393.4			337.8			166.1
Income before income taxes		1,612.7			958.0			687.0			(195.1	)		460.1			674.4
Reconciliation to taxable income		(1,403.1	)		(401.6	)		(123.1	)		789.1			(3.7	)		(28.3	)
Taxable income		209.5			556.3			563.9			593.9			456.3			646.0

The amounts presented for FY2005 include amounts of BTMU and former UFJ Bank Limited.

Credit costs include gains on loans written-off.

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

We are classified as “2” because net operating losses carried forwards was immaterial in amount at the end of the fiscal year and we are considered to be a company showing stable financial performance.

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 March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Deferred tax assets		62.1			(24.3	)		86.5
Write-down on investment securities		59.5			(27.7	)		87.3
Allowance for credit losses		24.6			(1.2	)		25.9
Unrealized losses on other securities		14.4			1.5			12.8
Net operating losses carried forwards		5.0			(19.3	)		24.3
Other		58.1			3.0			55.0
Valuation allowance		(99.6	)		19.3			(118.9	)
Deferred tax liabilities		51.0			(39.7	)		90.7
Unrealized gains on other securities		18.4			(42.4	)		60.9
Reserve for retirement benefits		16.5			(0.1	)		16.7
Other		16.0			2.8			13.1
Net deferred tax assets		11.1			15.3			(4.2	)

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


	(in billions of yen)
	FY2005			FY2006			FY2007			FY2008			FY2009		FY2010
Net business profits before credit costs		252.6			274.3			187.2			131.5			110.2		150.4
Credit costs		(55.3	)		(8.1	)		(26.3	)		(35.5	)		23.7		8.0
Income before income taxes		306.9			284.0			197.3			88.1			52.0		101.9
Reconciliation to taxable income		(212.0	)		(142.9	)		(26.3	)		(16.0	)		23.3		(79.6	)
Taxable income		94.8			141.1			170.9			72.0			75.3		22.3

The amounts presented for FY2005 include amounts of MUTB and former UFJ Trust Bank Limited.

Credit costs include gains on loans written-off.

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

Mitsubishi UFJ Financial Group, Inc.

15. Retirement Benefits

MUFG Consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Projected benefit obligation	(A)		1,949,799			53,223			1,896,576
Discount rates			1.0% ~ 9.0	%					1.0% ~ 12.0	%
Fair value of plan assets	(B)		2,018,693			(92,624	)		2,111,317
Prepaid pension cost	(C)		500,218			(80,709	)		580,927
Reserve for retirement benefits	(D)		59,192			(2,628	)		61,821
Total amount unrecognized	(A) - (B) + (C) - (D)		372,132			67,767			304,365
Unrecognized net actuarial loss			392,211			58,016			334,194
Unrecognized prior service cost			(20,079	)		9,750			(29,829	)

(2) Net periodic cost

		(in millions of yen)
		For the fiscal year ended March 31, 2011 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2010 (B)
Net periodic cost of retirement benefits			73,105			(38,684	)		111,790
Service cost			45,552			(1,429	)		46,981
Interest cost			45,925			7,511			38,413
Expected return on plan assets			(72,643	)		(7,246	)		(65,396	)
Amortization of unrecognized prior service cost			(9,537	)		150			(9,688	)
Amortization of unrecognized net actuarial loss			46,710			(41,152	)		87,863
Other			17,098			3,481			13,617

(3)	Assumptions and other policies used in calculation of projected benefit obligation


		As of March 31, 2011
Discount rates		Domestic consolidated subsidiaries 1.0% ~ 2.2%
		Overseas consolidated subsidiaries 5.0% ~ 9.0%
Expected return		Domestic consolidated subsidiaries 0.5% ~ 4.1%
		Overseas consolidated subsidiaries 4.0% ~ 8.5%
Method used in allocation of estimated retirement benefits		Straight-line method
Duration for amortization of unrecognized prior service cost		Primarily over 10 years
Duration for amortization of unrecognized net actuarial loss		Primarily over 10 years

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Projected benefit obligation	(A)		1,229,724			11,167			1,218,557
Discount rates			1.6% ~ 2.0	%					1.8% ~ 2.1	%
Fair value of plan assets	(B)		1,262,525			(83,238	)		1,345,763
Prepaid pension cost	(C)		300,021			(4,371	)		304,392
Reserve for retirement benefits	(D)		12,547			133			12,413
Total amount unrecognized	(A) - (B) + (C) - (D)		254,673			89,900			164,773
Unrecognized net actuarial loss			264,549			84,619			179,929
Unrecognized prior service cost			(9,875	)		5,281			(15,156	)
(2) Net periodic cost
		(in millions of yen)
		For the fiscal year ended March 31, 2011 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2010 (B)
Net periodic cost of retirement benefits			51,959			(24,480	)		76,440
Service cost			25,467			(1,708	)		27,176
Interest cost			25,871			4,626			21,244
Expected return on plan assets			(36,529	)		(5,051	)		(31,477	)
Amortization of unrecognized prior service cost			(5,281	)		894			(6,175	)
Amortization of unrecognized net actuarial loss			31,232			(24,200	)		55,433
Other			11,198			958			10,239

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2011 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Projected benefit obligation	(A)		424,768			8,961			415,806
Discount rates			1.9	%					2.0	%
Fair value of plan assets	(B)		500,228			(26,985	)		527,214
Prepaid pension cost	(C)		204,612			(343	)		204,955
Reserve for retirement benefits	(D)		—			—			—
Total amount unrecognized	(A) - (B) + (C) - (D)		129,151			35,604			93,547
Unrecognized net actuarial loss			151,085			31,406			119,678
Unrecognized prior service cost			(21,933	)		4,198			(26,131	)
(2) Net periodic cost
		(in millions of yen)
		For the fiscal year ended March 31, 2011 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2010 (B)
Net periodic cost of retirement benefits			9,196			(12,124	)		21,320
Service cost			6,423			(1,019	)		7,443
Interest cost			8,267			1,589			6,678
Expected return on plan assets			(20,486	)		(1,916	)		(18,570	)
Amortization of unrecognized prior service cost			(4,198	)		—			(4,198	)
Amortization of unrecognized net actuarial loss			18,700			(10,074	)		28,774
Other			489			(703	)		1,193

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of March 31, 2011 is outlined below. (Figures are on a managerial basis and rounded off.)

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

•

The balance as of the end of March 2011 decreased to ¥1.46 trillion in total, a decrease of ¥0.28 trillion compared with the balance as of the end of March 2010, mainly due to sales of securitized products, which had risks of being downgraded or deteriorated, and redemptions.

•

Net unrealized losses were ¥78 billion, improved by ¥47 billion compared to the end of March 2010.

•

The effect on the P/L for the fiscal year ended March 31, 2011 was a gain of ¥2 billion as a result of market recovery.


		(¥bn)
												of which securities being held to maturity²
		Balance¹		Change from end of March 2010			Net unrealized gains (losses)			Change from end of March 2010		Balance		Net unrealized gains (losses)
1	RMBS		107		26			12			9		0		0
2	Sub-prime RMBS		15		(7	)		9			4		0		0
3	CMBS		28		6			(1	)		1		0		0
4	CLOs		1,224		(300	)		(87	)		33		1,034		(84	)
5	Other securitized products (card, etc.)		95		(11	)		(3	)		3		24		(1	)
6	CDOs		3		(5	)		0			0		0		0
7	Sub-prime ABS CDOs		0		0			0			0		0		0

8	Total		1,457		(284	)		(78	)		47		1,058		(85	)

1.	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 accounted for 30% of our investments in securitized products, a decrease of 3% compared with the end of March 2010, mainly due to downgrades in credit ratings of certain CLOs.

•

AAA and AA-rated products accounted for 81% of our investments in securitized products.


		(¥bn)
		AAA			AA			A			BBB			BB or lower			Unrated			Total
9	RMBS		47			16			17			4			22			0			107
10	Sub-prime RMBS		6			1			0			1			6			0			15
11	CMBS		10			5			8			1			4			0			28
12	CLOs		328			703			68			64			61			0			1,224
13	Other securitized products (card, etc.)		57			20			4			7			6			1			95
14	CDOs		1			1			0			0			1			0			3
15	Sub-prime ABS CDOs		0			0			0			0			0			0			0

16	Total		443			745			97			76			94			1			1,457

17	Percentage of total		30	%		51	%		7	%		5	%		6	%		0	%		100	%
18	Percentage of total (End of March 2010)		33	%		46	%		7	%		7	%		7	%		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 March 2011.


		(¥bn)
		Americas		Europe		Asia		Japan		Total		Change from end of March 2010
1	LBO Loan³(Balance on a commitment basis)		23		100		21		184		328		(154	)
2	Balance on a booking basis		13		88		19		165		285		(133	)

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 March 2011 was ¥3.57 trillion (¥0.90 trillion overseas).

•

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


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
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 March 31, 2010			As of March 31, 2011
Assets:
Cash and due from banks		5,533,893			7,892,503
Call loans		204,167			147,984
Receivables under resale agreements		381,253			545,449
Receivables under securities borrowing transactions		4,827,881			751,482
Monetary claims bought		2,295,765			1,964,799
Trading assets		7,556,066			6,657,614
Money held in trust		42,573			48,615
Securities		52,068,380			58,303,309
Allowance for losses on securities		(56,627	)		(56,627	)
Loans and bills discounted		69,106,624			64,981,715
Foreign exchanges		1,042,933			1,122,028
Other assets		3,783,574			4,277,306
Tangible fixed assets		886,516			872,747
Intangible fixed assets		306,339			311,683
Deferred tax assets		507,267			663,663
Customers’ liabilities for acceptances and guarantees		6,160,690			5,682,078
Allowance for credit losses		(722,486	)		(712,944	)

Total assets		153,924,815			153,453,411

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2010		As of March 31, 2011
Liabilities:
Deposits		103,976,222		105,854,679
Negotiable certificates of deposit		9,604,478		8,609,042
Call money		1,075,399		1,253,406
Payables under repurchase agreements		4,713,556		4,758,873
Payables under securities lending transactions		2,670,935		614,479
Trading liabilities		4,877,129		4,225,944
Borrowed money		5,159,050		6,573,203
Foreign exchanges		743,188		711,012
Bonds payable		4,136,930		4,207,311
Other liabilities		2,990,850		3,318,890
Reserve for bonuses		17,003		16,965
Reserve for bonuses to directors		140		141
Reserve for retirement benefits		12,413		12,547
Reserve for loyalty award credits		739		798
Reserve for contingent losses		44,001		40,012
Reserves under special laws		31		31
Deferred tax liabilities for land revaluation		182,300		180,195
Acceptances and guarantees		6,160,690		5,682,078

Total liabilities		146,365,062		146,059,614

Net assets:
Capital stock		1,711,958		1,711,958
Capital surplus		3,878,275		3,878,275
Capital reserve		1,711,958		1,711,958
Other capital surplus		2,166,317		2,166,317
Retained earnings		1,379,041		1,744,287
Revenue reserve		190,044		190,044
Other retained earnings		1,188,997		1,554,242
Funds for retirement benefits		2,432		2,432
Other reserve		718,196		718,196
Earned surplus brought forward		468,368		833,613

Treasury stock		—		(250,000	)
Total shareholders’ equity		6,969,275		7,084,520

Net unrealized gains (losses) on other securities		260,775		27,110
Net deferred gains (losses) on hedging instruments		112,231		65,497
Land revaluation excess		217,470		216,668

Total valuation and translation adjustments		590,477		309,275

Total net assets		7,559,752		7,393,796

Total liabilities and net assets		153,924,815		153,453,411

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(2) Non-consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2010			For the fiscal year ended March 31, 2011
Ordinary income		2,916,427			2,692,418
Interest income		1,791,691			1,617,422
Interest on loans and bills discounted		1,153,280			996,944
Interest and dividends on securities		387,349			433,249
Fees and commissions		526,339			512,649
Trading income		110,643			101,165
Other business income		314,389			370,005
Other ordinary income		173,363			91,175
Ordinary expenses		2,508,601			2,034,418
Interest expenses		483,697			369,843
Interest on deposits		190,480			128,464
Fees and commissions		134,614			138,350
Trading expenses		—			1,866
Other business expenses		249,239			90,444
General and administrative expenses		1,080,498			1,039,395
Other ordinary expenses		560,551			394,516

Ordinary profits		407,826			657,999

Extraordinary gains		85,848			44,079
Extraordinary losses		33,566			27,667

Income before income taxes		460,108			674,411

Income taxes - current		42,031			64,154
Refund of income taxes		(8,712	)		—
Income taxes - deferred		84,121			(29,006	)

Total taxes		117,440			35,148

Net income		342,667			639,263

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2010			As of March 31, 2011
Assets:
Cash and due from banks		962,798			1,813,494
Call loans		74,300			65,400
Receivables under securities borrowing transactions		46,876			222,291
Monetary claims bought		36,480			28,443
Trading assets		271,961			318,728
Money held in trust		6,956			2,290
Securities		9,497,383			10,687,782
Loans and bills discounted		10,257,717			10,589,116
Foreign exchanges		5,785			9,918
Other assets		757,904			767,285
Tangible fixed assets		170,129			166,259
Intangible fixed assets		66,150			64,917
Deferred tax assets		—			11,111
Customers’ liabilities for acceptances and guarantees		162,735			139,962
Allowance for credit losses		(66,448	)		(54,436	)

Total assets		22,250,732			24,832,564

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2010			As of March 31, 2011
Liabilities:
Deposits		12,512,053			12,433,196
Negotiable certificates of deposit		1,811,209			2,931,733
Call money		285,182			418,379
Payables under repurchase agreements		2,518,874			3,184,471
Payables under securities lending transactions		196,854			197,871
Trading liabilities		62,704			59,545
Borrowed money		1,438,991			2,340,455
Foreign exchanges		478			1,107
Short-term bonds payable		20,400			5,200
Bonds payable		337,100			288,800
Due to trust accounts		1,278,762			1,153,993
Other liabilities		291,682			381,320
Reserve for bonuses		4,218			4,321
Reserve for bonuses to directors		89			85
Reserve for contingent losses		17,015			17,042
Deferred tax liabilities		4,284			—
Deferred tax liabilities for land revaluation		6,663			6,570
Acceptances and guarantees		162,735			139,962

Total liabilities		20,949,299			23,564,058

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		514,628			548,371
Revenue reserve		73,714			73,714
Other retained earnings		440,914			474,657
Funds for retirement benefits		710			710
Other reserve		138,495			138,495
Earned surplus brought forward		301,709			335,452

Total shareholders’ equity		1,251,222			1,284,965

Net unrealized gains (losses) on other securities		70,219			(179	)
Net deferred gains (losses) on hedging instruments		(13,146	)		(9,282	)
Land revaluation excess		(6,862	)		(6,997	)

Total valuation and translation adjustments		50,210			(16,459	)

Total net assets		1,301,432			1,268,506

Total liabilities and net assets		22,250,732			24,832,564

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(2) Non-consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2010			For the fiscal year ended March 31, 2011
Ordinary income		514,784			530,530
Trust fees		79,700			76,539
Interest income		259,072			238,248
Interest on loans and bills discounted		131,666			111,236
Interest and dividends on securities		111,164			115,604
Fees and commissions		99,351			102,820
Trading income		13,409			7,416
Other business income		42,439			91,478
Other ordinary income		20,810			14,027
Ordinary expenses		461,553			425,844
Interest expenses		94,056			74,025
Interest on deposits		62,457			42,679
Fees and commissions		20,539			21,193
Trading expenses		—			205
Other business expenses		74,726			84,449
General and administrative expenses		220,534			201,391
Other ordinary expenses		51,696			44,579

Ordinary profits		53,230			104,685

Extraordinary gains		4,068			1,727
Extraordinary losses		5,295			4,428

Income before income taxes		52,004			101,985

Income taxes - current		1,162			1,856
Income taxes - deferred		(16,407	)		24,637

Total taxes		(15,245	)		26,494

Net income		67,250			75,490

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 March 31, 2010		As of March 31, 2011
Assets:
Loans and bills discounted		155,335		147,345
Securities		48,250,717		48,559,568
Beneficiary rights to the trust		30,253,813		30,104,181
Securities held in custody accounts		1,191,472		1,157,840
Monetary claims		10,182,843		11,411,248
Tangible fixed assets		8,965,903		8,929,489
Intangible fixed assets		133,654		131,400
Other claims		1,881,213		2,790,990
Call loans		1,060,298		1,544,778
Due from banking account		1,559,372		1,459,085
Cash and due from banks		1,626,043		1,911,548

Total		105,260,668		108,147,478

Liabilities:
Money trusts		16,807,865		17,122,381
Pension trusts		12,167,441		12,224,957
Property formation benefit trusts		12,866		13,516
Loan trusts		42,604		—
Investment trusts		28,281,581		29,401,183
Money entrusted other than money trusts		2,121,717		2,006,413
Securities trusts		1,281,437		1,302,122
Monetary claim trusts		10,577,539		11,827,795
Equipment trusts		36,063		52,281
Land and fixtures trusts		93,449		85,935
Composite trusts		33,838,100		34,110,892

Total		105,260,668		108,147,478


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 “Money trust” with contracts indemnifying the principal amounts (including trusts for which beneficiary interests are re-entrusted)


(in millions of yen)	As of March 31, 2010		As of March 31, 2011
Assets:
Loans and bills discounted		125,147		113,533
Securities		53,296		46,195
Other		913,305		877,473

Total		1,091,749		1,037,202

Liabilities:
Principal		1,086,286		1,033,111
Allowance for bad debts		378		341
Other		5,084		3,749

Total		1,091,749		1,037,202

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(4) Major Items


(in millions of yen)	As of March 31, 2010		As of March 31, 2011
Total funds		43,354,040		44,725,785
Deposits		12,512,053		12,433,196
Negotiable certificates of deposit		1,811,209		2,931,733
Money trusts		16,807,865		17,122,381
Pension trusts		12,167,441		12,224,957
Property formation benefit trusts		12,866		13,516
Loan trusts		42,604		—

Loans and bills discounted		10,413,052		10,736,462

Banking account		10,257,717		10,589,116
Trust account		155,335		147,345

Investment securities		57,748,100		59,247,351

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.