Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

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 July 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: July 28, 2011


Mitsubishi UFJ Financial Group, Inc.

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

Mitsubishi UFJ Financial Group, Inc.

Consolidated Summary Report

For the Fiscal Year Ended March 31, 2011


Date:		July 28, 2011
Company name (code number):		Mitsubishi UFJ Financial Group, Inc. (8306)
		(URL http://www.mufg.jp/)
Stock exchange listings:		Tokyo, Osaka, Nagoya, New York
Representative:		Katsunori Nagayasu, President & CEO
For inquiry:		Naoki Muramatsu, General Manager-Financial Planning Division, Financial Accounting Office
		(Phone) +81-3-3240-7200

Consolidated financial data for the fiscal year ended March 31, 2011

(1) Operating results


	(in millions of yen, except per share data)
	For the fiscal years ended March 31,
	2011		2010
Total revenue		4,260,392		5,212,369
Income before income tax expense		837,238		1,282,116
Net income attributable to Mitsubishi UFJ Financial Group		461,796		859,819
Basic earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		31.20		68.01
Diluted earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		31.08		67.87

Total changes in equity from nonowner sources attributable to Mitsubishi UFJ Financial Group for the years ended March 31, 2011 and 2010 were ¥(114,043) million and ¥1,746,289 million, respectively.

Notes:

1. Average number of shares outstanding


	(in thousands of shares)
	For the fiscal years ended March 31,
	2011		2010
Common stock		14,131,567		12,324,315

2. “Basic earnings per common share” and “Diluted earnings per common share” are based on “Net income available to common shareholders of Mitsubishi UFJ Financial Group” which excludes “Income allocable to preferred shareholders” from “Net income attributable to Mitsubishi UFJ Financial Group”.

(2) Financial condition


	(in millions of yen)
	As of March 31,
	2011		2010
Total assets		202,861,288		200,084,397
Total Mitsubishi UFJ Financial Group shareholders’ equity		8,343,824		8,866,918

(3) Cash flows


	(in millions of yen)
	For the fiscal years ended March 31,
	2011			2010
Net cash provided by operating activities		4,237,838			2,309,985
Net cash used in investing activities		(8,292,883	)		(10,814,432	)
Net cash provided by financing activities		4,455,910			8,295,278
Cash and cash equivalents at end of period		3,230,804			2,862,523

Mitsubishi UFJ Financial Group, Inc.

This report is an excerpt of certain highlights from our consolidated financial information under U.S. GAAP that is included in the company’s annual report on Form 20-F (the “Form 20-F”) to be filed with the U.S. Securities and Exchange Commission. This excerpt report does not contain all of the information that may be important to you. In addition to the items highlighted in this report, the Form 20-F includes material disclosure about Mitsubishi UFJ Financial Group, Inc., including its business and other detailed U.S. GAAP financial information. You should read the entire Form 20-F carefully to obtain a comprehensive understanding of the company’s business and U.S. GAAP financial data and related issues.

This report contains forward-looking statements regarding estimation, forecast, target and plan in relation to the results of operations, financial condition and other general 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 expectations, perceptions and evaluations. In addition, in order for the company to adopt such estimation, forecast, target and plan regarding future events, certain assumptions have been made, which assumptions are inherently subjective and uncertain. The forward-looking statements should not be viewed as guarantees of future performance as actual results may be significantly different. For instance, the statements regarding realizability of the deferred tax assets or provision for credit losses are based on assumptions and other expectations such as economic factors, our business plan and other factors, and exemplify such situation as above. There exist a number of factors that might lead to uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economies and changes in the regulatory environment. For the key factors that should be considered, please see the financial highlight, the Annual Securities Report, Disclosure Book, Annual Report, Form 20-F and other current disclosures that the company has publicly released.

Mitsubishi UFJ Financial Group, Inc.

(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Balance Sheets


	As of March 31,
(in millions of yen)	2011			2010
Assets:
Cash and due from banks		3,230,804			2,862,523
Interest-earning deposits in other banks		7,333,767			4,780,861
Call loans and funds sold		448,787			508,922
Receivables under resale agreements		4,872,171			3,543,020
Receivables under securities borrowing transactions		3,600,318			5,770,044
Trading account assets		28,824,795			27,663,076
Investment securities:
Securities available for sale—carried at estimated fair value		54,435,634			50,411,876
Securities being held to maturity—carried at amortized cost		3,017,189			2,943,801
Other investment securities		1,704,244			1,690,838

Total investment securities		59,157,067			55,046,515

Loans, net of unearned income, unamortized premiums and deferred loan fees		87,501,975			92,185,910
Allowance for credit losses		(1,240,456	)		(1,315,615	)

Net loans		86,261,519			90,870,295

Premises and equipment—net		962,548			995,167
Accrued interest		233,224			240,267
Customers’ acceptance liability		69,950			49,143
Intangible assets—net		991,521			1,116,117
Goodwill		363,392			381,498
Deferred tax assets		1,285,013			1,287,611
Other assets		5,226,412			4,969,338

Total assets		202,861,288			200,084,397

Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing		16,421,024			15,201,298
Interest-bearing		99,120,619			97,526,535
Overseas offices:
Non-interest-bearing		2,316,207			2,403,147
Interest-bearing		18,773,854			20,341,516

Total deposits		136,631,704			135,472,496

Call money and funds purchased		2,313,487			1,883,824
Payables under repurchase agreements		12,389,075			11,846,656
Payables under securities lending transactions		2,104,105			3,633,891
Due to trust account		633,541			1,559,631
Other short-term borrowings		8,488,197			6,097,336
Trading account liabilities		9,908,974			8,688,826
Obligations to return securities received as collateral		3,267,775			3,229,321
Bank acceptances outstanding		69,950			49,143
Accrued interest		181,814			218,117
Long-term debt		13,356,728			14,162,424
Other liabilities		4,844,901			4,139,892

Total liabilities		194,190,251			190,981,557

Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock:
Preferred stock		442,100			442,100
Common stock		1,644,132			1,643,238
Capital surplus		6,395,705			6,619,525
Retained earnings (Accumulated deficit):
Appropriated for legal reserve		239,571			239,571
Unappropriated retained earnings (Accumulated deficit)		254,411			(18,127	)
Accumulated other changes in equity from nonowner sources, net of taxes		(620,844	)		(45,435	)
Treasury stock, at cost		(11,251	)		(13,954	)

Total Mitsubishi UFJ Financial Group shareholders’ equity		8,343,824			8,866,918
Noncontrolling interests		327,213			235,922

Total equity		8,671,037			9,102,840

Total liabilities and equity		202,861,288			200,084,397

Mitsubishi UFJ Financial Group, Inc.

(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Operations


	For the fiscal years ended March 31,
(in millions of yen)	2011			2010
Interest income:
Loans, including fees		1,664,821			1,914,705
Deposits in other banks		29,188			26,697
Investment securities:
Interest		320,067			305,080
Dividends		170,470			168,500
Trading account assets		305,214			307,958
Call loans and funds sold		5,613			4,110
Receivables under resale agreements and securities borrowing transactions		55,574			31,454

Total		2,550,947			2,758,504

Interest expense:
Deposits		256,190			353,869
Call money and funds purchased		5,931			5,683
Payables under repurchase agreements and securities lending transactions		66,728			53,548
Due to trust account		807			6,119
Other short-term borrowings and trading account liabilities		62,829			65,754
Long-term debt		278,188			289,427

Total		670,673			774,400

Net interest income		1,880,274			1,984,104
Provision for credit losses		292,035			647,793

Net interest income after provision for credit losses		1,588,239			1,336,311

Non-interest income:
Fees and commissions		1,128,358			1,139,543
Foreign exchange gains—net		260,683			216,720
Trading account profits—net		133,905			761,472
Investment securities losses—net		121,803			223,030
Equity in losses of equity method investees		(90,628	)		(104,098	)
Gains on sales of loans		14,558			21,232
Other non-interest income		140,766			195,966

Total		1,709,445			2,453,865

Non-interest expense:
Salaries and employee benefits		863,996			908,213
Occupancy expenses—net		162,498			171,098
Fees and commission expenses		212,460			196,515
Outsourcing expenses, including data processing		194,842			215,397
Depreciation of premises and equipment		99,661			120,268
Amortization of intangible assets		219,980			225,000
Impairment of intangible assets		26,566			12,400
Insurance premiums, including deposit insurance		113,892			112,539
Communications		53,048			57,064
Taxes and public charges		65,882			69,073
Provision for repayment of excess interest		85,709			44,808
Impairment of goodwill		—			461
Other non-interest expenses		361,912			375,224

Total		2,460,446			2,508,060

Income before income tax expense		837,238			1,282,116
Income tax expense		439,900			407,040

Net income before attribution of noncontrolling interests		397,338			875,076
Net income (loss) attributable to noncontrolling interests		(64,458	)		15,257

Net income attributable to Mitsubishi UFJ Financial Group		461,796			859,819

Income allocable to preferred shareholders:
Cash dividends paid		20,940			21,678

Net income available to common shareholders of Mitsubishi UFJ Financial Group		440,856			838,141

(in yen)
Earnings per share applicable to common shareholders of Mitsubishi UFJ Financial Group:
Basic earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group		31.20			68.01
Diluted earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group		31.08			67.87

Mitsubishi UFJ Financial Group, Inc.

(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Changes in Equity from Nonowner Sources


	For the fiscal years ended March 31,
(in millions of yen)	2011			2010
Net income before attribution of noncontrolling interests		397,338			875,076
Net unrealized holding gains (losses) on investment securities		(283,444	)		612,615
Net unrealized losses on derivatives qualifying for cash flow hedges		(3,402	)		(4,795	)
Pension liability adjustments		(105,089	)		243,223
Foreign currency translation adjustments		(187,839	)		40,862

Total changes in equity from nonowner sources		(182,436	)		1,766,981

Net income (loss) attributable to noncontrolling interests		(64,458	)		15,257
Other changes in equity from nonowner sources attributable to noncontrolling interests		(3,935	)		5,435

Total changes in equity from nonowner sources attributable to Mitsubishi UFJ Financial Group		(114,043	)		1,746,289

Nonaccrual loans, restructured loans and accruing loans contractually past due 90 days or more


	As of March 31,
(in millions of yen)	2011		2010
Nonaccrual loans:
Domestic:
Manufacturing		137,987		111,235
Construction		48,479		33,449
Real estate		152,317		214,367
Services		76,597		79,517
Wholesale and retail		172,712		135,523
Banks and other financial institutions		7,238		2,322
Communication and information services		33,198		73,615
Other industries		37,335		116,741
Consumer		321,823		355,040

Total domestic		987,686		1,121,809

Foreign:
Governments and official institutions		62,683		70,529
Banks and other financial institutions		21,452		19,880
Commercial and industrial		73,707		135,622
Other		23,651		21,169

Total foreign		181,493		247,200

Total		1,169,179		1,369,009

Restructured loans:
Domestic		800,620		565,008
Foreign		38,930		47,184

Total		839,550		612,192

Accruing loans contractually past due 90 days or more:
Domestic		55,549		25,871
Foreign		199		547

Total		55,748		26,418

Total		2,064,477		2,007,619