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 2012

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 31, 2012


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2012

July 31, 2012


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
Quarterly securities report issuing date: August 14, 2012		Trading accounts: Established
Dividend payment date:	-
Supplemental information for quarterly financial statements:		Available
Quarterly investor meeting presentation:		None

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

1. Consolidated Financial Data for the Three Months ended June 30, 2012

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income					Ordinary Profits					Net Income
Three months ended	million yen		%			million yen		%			million yen		%
June 30, 2012		1,200,343		(17.7	)		340,729		(43.3	)		182,917		(63.5	)
June 30, 2011		1,457,779		24.7			601,263		101.0			500,583		200.9

(*) Comprehensive income June 30, 2012: 247,840 million yen, (62.5)% ; June 30, 2011 661,625 million yen, —%


	Net Income per Common Stock		Diluted Net Income per Common Stock
Three months ended	yen		yen
June 30, 2012		12.93		12.89
June 30, 2011		35.40		35.33

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Attributable to MUFG Shareholders to *Total Assets (1)**
As of	million yen		million yen		%
June 30, 2012		222,245,345		11,826,757		4.6
March 31, 2012		218,861,616		11,675,784		4.6

(Reference) Shareholders’ equity as of June 30, 2012: 10,115,540 million yen; March 31, 2012: 9,993,029 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” will be disclosed separately in mid-August 2012.

2.	Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
Fiscal year	yen		yen		yen		yen		yen
ended March 31, 2012		—		6.00		—		6.00		12.00
ending March 31, 2013		—		——		——		——		——
ending March 31, 2013 (Forecast)		——		6.00		—		6.00		12.00

(*1)

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

(*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 Target for the Fiscal Year ending March 31, 2013 (Consolidated)

MUFG has the target of 670.0 billion yen of consolidated net income for the fiscal year ending March 31, 2013. (There are no changes to our earnings targets released on May 15, 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.

ø Notes

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

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

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

(A)

Changes in accounting policies due to revision of accounting standards: Yes

(B)

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

(C)

Changes in accounting estimates: Yes

(D)

Restatements: No


Note:		We changed the method of depreciation at the beginning of this first quarter.

		The change falls under “Changes in accounting policies which are difficult to distinguish from changes in accounting estimates”.

		For more details, please see “(1) Changes in Accounting Policies, Changes in Accounting Estimates and Restatements” in page 2 of Appendix.

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


(A) Total stocks outstanding including treasury stocks:	June 30, 2012	14,156,577,620 shares
	Mar. 31, 2012	14,154,534,220 shares
(B) Treasury stocks:	June 30, 2012	9,558,235 shares
	Mar. 31, 2012	9,553,750 shares
(C) Average outstanding stocks:	Three months ended June 30, 2012	14,145,812,888 shares
	Three months ended June 30, 2011	14,141,918,204 shares

* Disclosure regarding the execution of the quarterly review process

This “Consolidated Summary Report” (Quarterly “Tanshin”) is outside the scope of the external auditor’s quarterly review procedure which is required by “Financial Instruments and Exchange Act”. Therefore, the quarterly review 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. To date, we have published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report.

(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 5
Fiscal year ended March 31, 2012		—		57.50		—		57.50		115.00
Fiscal year ending March 31, 2013		—		——		——		——		——
Fiscal year ending March 31, 2013 (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, 2012		—		2.65		—		2.65		5.30
Fiscal year ending March 31, 2013		—		——		——		——		——
Fiscal year ending March 31, 2013 (Forecast)		——		2.65		—		2.65		5.30

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Information Regarding “Notes” in Consolidated Summary Report			2

(1) Changes in Accounting Policies, Changes in Accounting Estimates and Restatements			2

2. Consolidated Financial Statements			3

(1) Consolidated Balance Sheets			3

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			5

(3) Notes on Going-Concern Assumption			7

(4) Notes for Material Changes in Shareholders’ Equity			7

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Three Months Ended June 30, 2012”

Mitsubishi UFJ Financial Group, Inc.

1. Information Regarding “Notes” in Consolidated Summary Report

(1)	Changes in Accounting Policies, Changes in Accounting Estimates and Restatements

(Changes in accounting policies which are difficult to distinguish from changes in accounting estimates)

Starting from this first quarter, MUFG and its domestic consolidated subsidiaries have changed the method of depreciation due to the revision of Corporation Tax Act. The change was that tangible fixed assets acquired on or after April 1, 2012 shall be depreciated according to the revised law.

This change had only minor impact on the consolidated statements of income and others.

Mitsubishi UFJ Financial Group, Inc.

2. Consolidated Financial Statements

(1)	Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2012			As of June 30, 2012
Assets:
Cash and due from banks		9,036,116			11,445,439
Call loans and bills bought		347,930			375,640
Receivables under resale agreements		4,552,860			5,623,169
Receivables under securities borrowing transactions		3,256,655			3,165,457
Monetary claims bought		2,954,838			3,015,838
Trading assets		16,768,713			18,707,354
Money held in trust		395,352			370,639
Securities		78,264,735			78,143,648
Loans and bills discounted		84,492,697			84,077,182
Foreign exchanges		1,480,083			1,270,328
Other assets		8,004,949			6,800,827
Tangible fixed assets		1,343,909			1,361,245
Intangible fixed assets		1,023,834			1,012,436
Deferred tax assets		522,886			480,486
Customers’ liabilities for acceptances and guarantees		7,539,826			7,478,238
Allowance for credit losses		(1,123,773	)		(1,082,587	)

Total assets		218,861,616			222,245,345

Liabilities:
Deposits		124,789,252			125,360,124
Negotiable certificates of deposit		12,980,617			12,996,983
Call money and bills sold		2,809,618			4,215,155
Payables under repurchase agreements		13,585,846			16,175,600
Payables under securities lending transactions		4,978,915			3,271,921
Commercial papers		569,659			713,773
Trading liabilities		13,451,275			13,883,007
Borrowed money		10,318,096			9,471,487
Foreign exchanges		874,225			831,147
Short-term bonds payable		523,065			441,554
Bonds payable		6,634,121			6,088,348
Due to trust accounts		1,416,725			1,368,776
Other liabilities		5,956,502			7,450,974
Reserve for bonuses		47,797			16,784
Reserve for bonuses to directors		1,057			183
Reserve for retirement benefits		81,111			72,022
Reserve for retirement benefits to directors		1,534			1,140
Reserve for loyalty award credits		6,768			7,110
Reserve for contingent losses		373,439			335,658
Reserves under special laws		1,799			1,730
Deferred tax liabilities		84,706			77,124
Deferred tax liabilities for land revaluation		159,867			159,743
Acceptances and guarantees		7,539,826			7,478,238

Total liabilities		207,185,831			210,418,588

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2012			As of June 30, 2012
Net assets:
Capital stock		2,138,487			2,138,929
Capital surplus		2,175,304			2,175,745
Retained earnings		5,602,327			5,691,426
Treasury stock		(6,544	)		(6,545	)

Total shareholders’ equity		9,909,575			9,999,556

Net unrealized gains (losses) on other securities		440,900			285,823
Net deferred gains (losses) on hedging instruments		23,904			34,337
Land revaluation excess		161,361			161,353
Foreign currency translation adjustments		(494,155	)		(315,987	)
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		(48,555	)		(49,542	)

Total accumulated other comprehensive income		83,454			115,984

Subscription rights to shares		7,933			7,536
Minority interests		1,674,821			1,703,680

Total net assets		11,675,784			11,826,757

Total liabilities and net assets		218,861,616			222,245,345

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 three months ended June 30, 2011		For the three months ended June 30, 2012


Ordinary income		1,457,779		1,200,343
Interest income		598,286		547,835
Interest on loans and bills discounted		381,887		376,278
Interest and dividends on securities		141,161		126,590
Trust fees		23,257		21,833
Fees and commissions		269,062		255,743
Trading income		53,135		63,225
Other business income		163,070		251,571
Other ordinary income		350,967		60,134
Ordinary expenses		856,515		859,613
Interest expenses		127,323		129,067
Interest on deposits		43,839		45,355
Fees and commissions		44,375		41,974
Trading expenses		—		763
Other business expenses		80,170		36,127
General and administrative expenses		524,025		536,757
Other ordinary expenses		80,621		114,924

Ordinary profits		601,263		340,729

Extraordinary gains		18,369		2,718
Gains on disposition of fixed assets		5,608		860
Gains on negative goodwill		—		339
Reversal of reserve for contingent liabilities from financial instruments transactions		442		68
Transfer gains on divestiture of businesses		—		1,450
Gains on sales of equity securities of affiliates		12,318		—
Extraordinary losses		8,072		25,804
Losses on disposition of fixed assets		2,554		1,519
Losses on impairment of fixed assets		100		947
Losses on change in equity		—		23,285
Amortization of goodwill		5,416		—
Others		—		51

Income before income taxes and others		611,561		317,644

Income taxes-current		28,841		29,031
Income taxes-deferred		51,113		74,081

Total taxes		79,955		103,113

Income before minority interests		531,606		214,530

Minority interests		31,022		31,613

Net income		500,583		182,917

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the three months ended June 30, 2011			For the three months ended June 30, 2012
Income before minority interests		531,606			214,530
Other comprehensive income
Net unrealized gains (losses) on other securities		83,136			(155,315	)
Net deferred gains (losses) on hedging instruments		(1,940	)		11,153
Foreign currency translation adjustments		44,141			113,146
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		414			(1,891	)
Share of other comprehensive income of associates accounted for using equity method		4,267			66,217

Total other comprehensive income		130,019			33,309

Comprehensive income		661,625			247,840

(Comprehensive income attributable to)
Comprehensive income attributable to owners of the parent		630,396			215,455
Comprehensive income attributable to minority interests		31,229			32,385

Mitsubishi UFJ Financial Group, Inc.

(3)	Notes on Going-Concern Assumption

Not applicable

(4)	Notes for Material Changes in Shareholders’ Equity

Not applicable

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2012

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

2. Non Performing Loans Based on the Financial Reconstruction Law	[ BTMU and MUTB Combined including Trust Accounts ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ] [ MUTB Non-consolidated : Trust Accounts ]	——	5

3. Securities	[ MUFG Consolidated ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	——	6

4. ROE	[ MUFG Consolidated ]	——	9

5. Average Interest Rate Spread	[ BTMU and MUTB Combined ]	——	9

6. Loans and Deposits	[ BTMU and MUTB Combined ]	——	9

7. Statements of Trust Assets and Liabilities	[ MUTB Non-consolidated ]	——	10

(Reference)

Exposure to “Securitized Products and Related Investments”		——	11

(*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.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2012 (A)			June 30, 2011 (B)			Increase (Decrease) (A) - (B)
Gross profits		932.3			854.9			77.3
Gross profits before credit costs for trust accounts		932.3			854.9			77.3
Net interest income		418.7			470.9			(52.1	)
Trust fees		21.8			23.2			(1.4	)
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		213.7			224.6			(10.9	)
Net trading profits		62.4			53.1			9.3
Net other business profits		215.4			82.9			132.5
Net gains (losses) on debt securities		217.0			77.7			139.3
General and administrative expenses		518.0			505.5			12.5
Amortization of goodwill		7.2			7.4			(0.2	)
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		421.4			356.9			64.5
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		414.2			349.4			64.7
Provision for general allowance for credit losses (2)		—			12.8			(12.8	)
Net business profits*		414.2			362.2			51.9
Net non-recurring gains (losses)		(73.5	)		238.9			(312.4	)
Credit costs (3)		(31.1	)		(50.4	)		19.3
Losses on loan write-offs		(30.3	)		(32.8	)		2.5
Provision for specific allowance for credit losses		—			(17.8	)		17.8
Other credit costs		(0.7	)		0.2			(1.0	)
Reversal of allowance for credit losses (4)		2.3			—			2.3
Reversal of reserve for contingent losses included in credit costs (5)		1.0			2.7			(1.6	)
Gains on loans written-off (6)		12.8			15.9			(3.1	)
Net gains (losses) on equity securities		(54.5	)		(22.4	)		(32.1	)
Gains on sales of equity securities		14.3			8.0			6.3
Losses on sales of equity securities		(4.3	)		(4.6	)		0.3
Losses on write-down of equity securities		(64.6	)		(25.7	)		(38.8	)
Profits (losses) from investments in affiliates		10.1			309.8			(299.6	)
Other non-recurring gains (losses)		(14.2	)		(16.5	)		2.3

Ordinary profits		340.7			601.2			(260.5	)

Net extraordinary gains (losses)		(23.0	)		10.2			(33.3	)
Losses on change in equity		(23.2	)		—			(23.2	)
Income before income taxes and others		317.6			611.5			(293.9	)
Income taxes-current		29.0			28.8			0.1
Income taxes-deferred		74.0			51.1			22.9
Total taxes		103.1			79.9			23.1
Income before minority interests		214.5			531.6			(317.0	)
Minority interests		31.6			31.0			0.5

Net income		182.9			500.5			(317.6	)


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)		(14.8	)		(18.9	)		4.1

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2012 (A)			June 30, 2011 (B)			Increase (Decrease) (A) - (B)
Gross profits		644.0			573.3			70.6
Gross profits before credit costs for trust accounts		644.0			573.3			70.6
Net interest income		297.6			344.4			(46.8	)
Trust fees		15.8			17.0			(1.1	)
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		98.5			102.9			(4.4	)
Net trading profits		23.4			35.2			(11.8	)
Net other business profits		208.5			73.6			134.8
Net gains (losses) on debt securities		212.9			74.3			138.5
General and administrative expenses		311.1			301.2			9.9
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		332.9			272.1			60.7
Provision for general allowance for credit losses (2)		5.9			(2.9	)		8.9
Net business profits		338.8			269.1			69.7
Net non-recurring gains (losses)		(103.5	)		(76.6	)		(26.9	)
Credit costs (3)		(15.4	)		(21.4	)		6.0
Losses on loan write-offs		(10.2	)		(10.0	)		(0.2	)
Provision for specific allowance for credit losses		(4.4	)		(10.5	)		6.1
Other credit costs		(0.6	)		(0.8	)		0.1
Reversal of allowance for credit losses (4)		3.7			2.1			1.6
Reversal of reserve for contingent losses included in credit costs (5)		0.5			—			0.5
Gains on loans written-off (6)		5.4			8.4			(2.9	)
Net gains (losses) on equity securities		(75.7	)		(46.6	)		(29.1	)
Gains on sales of equity securities		13.2			5.7			7.4
Losses on sales of equity securities		(3.6	)		(4.5	)		0.8
Losses on write-down of equity securities		(85.3	)		(47.8	)		(37.4	)
Other non-recurring gains (losses)		(22.2	)		(19.1	)		(3.0	)

Ordinary profits		235.3			192.5			42.8

Net extraordinary gains (losses)		4.2			2.6			1.6
Net gains (losses) on disposition of fixed assets		(1.3	)		2.6			(3.9	)
Income before income taxes		239.5			195.1			44.4
Income taxes-current		6.6			16.8			(10.2	)
Income taxes-deferred		82.0			36.3			45.6
Total taxes		88.7			53.2			35.4

Net income		150.8			141.8			9.0


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		0.4			(13.8	)		14.2

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2012 (A)			June 30, 2011 (B)			Increase (Decrease) (A) - (B)
Gross profits		553.3			486.3			66.9
Net interest income		260.2			297.1			(36.8	)
Net fees and commissions		80.7			83.8			(3.1	)
Net trading profits		19.4			28.0			(8.5	)
Net other business profits		192.9			77.3			115.5
Net gains (losses) on debt securities		195.8			70.3			125.5
General and administrative expenses		265.2			254.7			10.4
Amortization of goodwill		0.0			—			0.0
Net business profits before provision for general allowance for credit losses and amortization of goodwill		288.1			231.5			56.5
Net business profits before provision for general allowance for credit losses		288.0			231.5			56.5
Provision for general allowance for credit losses (1)		5.9			(2.9	)		8.9
Net business profits		294.0			228.5			65.4
Net non-recurring gains (losses)		(99.8	)		(70.5	)		(29.2	)
Credit costs (2)		(14.6	)		(21.3	)		6.6
Losses on loan write-offs		(9.5	)		(9.9	)		0.3
Provision for specific allowance for credit losses		(4.4	)		(10.5	)		6.1
Other credit costs		(0.6	)		(0.8	)		0.1
Reversal of allowance for credit losses (3)		—			—			—
Reversal of reserve for contingent losses included in credit costs (4)		0.5			—			0.5
Gains on loans written-off (5)		5.1			7.0			(1.9	)
Net gains (losses) on equity securities		(74.2	)		(41.9	)		(32.3	)
Gains on sales of equity securities		6.0			5.4			0.5
Losses on sales of equity securities		(2.9	)		(3.1	)		0.2
Losses on write-down of equity securities		(77.3	)		(44.2	)		(33.1	)
Other non-recurring gains (losses)		(16.5	)		(14.3	)		(2.2	)

Ordinary profits		194.1			157.9			36.1

Net extraordinary gains (losses)		4.3			(1.8	)		6.1
Net gains (losses) on disposition of fixed assets		(1.2	)		(1.8	)		0.6
Gains on liquidation of subsidiaries		5.7			—			5.7
Income before income taxes		198.4			156.0			42.3
Income taxes-current		1.7			12.2			(10.4	)
Income taxes-deferred		78.4			32.8			45.6
Total taxes		80.2			45.0			35.1

Net income		118.1			111.0			7.1


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(3.0	)		(17.2	)		14.1

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in billions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2012 (A)			June 30, 2011 (B)			Increase (Decrease) (A) - (B)
Gross profits		90.7			87.0			3.6
Gross profits before credit costs for trust accounts		90.7			87.0			3.6
Trust fees		15.8			17.0			(1.1	)
Credit costs for trust accounts (1)		—			—			—
Net interest income		37.4			47.3			(9.9	)
Net fees and commissions		17.8			19.1			(1.3	)
Net trading profits		3.9			7.2			(3.2	)
Net other business profits		15.6			(3.6	)		19.3
Net gains (losses) on debt securities		17.0			4.0			13.0
General and administrative expenses		45.8			46.4			(0.5	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		44.8			40.5			4.2
Provision for general allowance for credit losses (2)		—			—			—
Net business profits		44.8			40.5			4.2
Net non-recurring gains (losses)		(3.6	)		(6.0	)		2.3
Credit costs (3)		(0.7	)		(0.1	)		(0.5	)
Losses on loan write-offs		(0.7	)		(0.1	)		(0.6	)
Provision for specific allowance for credit losses		—			—			—
Other credit costs		—			(0.0	)		0.0
Reversal of allowance for credit losses (4)		3.7			2.1			1.6
Reversal of reserve for contingent losses included in credit costs (5)		0.0			—			0.0
Gains on loans written-off (6)		0.3			1.4			(1.0	)
Net gains (losses) on equity securities		(1.4	)		(4.6	)		3.1
Gains on sales of equity securities		7.2			0.3			6.8
Losses on sales of equity securities		(0.7	)		(1.3	)		0.5
Losses on write-down of equity securities		(7.9	)		(3.6	)		(4.3	)
Other non-recurring gains (losses)		(5.6	)		(4.8	)		(0.8	)

Ordinary profits		41.2			34.5			6.6

Net extraordinary gains (losses)		(0.0	)		4.4			(4.5	)
Net gains (losses) on disposition of fixed assets		(0.0	)		4.5			(4.5	)
Income before income taxes		41.1			39.0			2.1
Income taxes-current		4.8			4.6			0.1
Income taxes-deferred		3.5			3.5			0.0
Total taxes		8.4			8.2			0.2

Net income		32.6			30.8			1.8


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		3.4			3.4			0.0

Mitsubishi UFJ Financial Group, Inc.

2. Non Performing Loans Based on the Financial Reconstruction Law

BTMU and MUTB Combined including Trust Accounts


	(in billions of yen)
	As of June 30, 2012			As of March 31, 2012
Bankrupt or De facto Bankrupt		110.5			107.1
Doubtful		919.9			917.5
Special Attention		545.8			557.4
Non Performing Loans		1,576.4			1,582.1

Total loans		87,430.7			88,971.6
Non Performing Loans / Total loans		1.80	%		1.77	%

BTMU Non-consolidated

	(in billions of yen)
	As of June 30, 2012			As of March 31, 2012
Bankrupt or De facto Bankrupt		105.8			103.3
Doubtful		879.8			873.3
Special Attention		527.8			537.6
Non Performing Loans		1,513.5			1,514.3

Total loans		76,689.3			78,163.3
Non Performing Loans / Total loans		1.97	%		1.93	%

MUTB Non-consolidated

	(in billions of yen)
	As of June 30, 2012			As of March 31, 2012
Bankrupt or De facto Bankrupt		4.6			3.6
Doubtful		39.9			44.1
Special Attention		17.5			18.8
Non Performing Loans		62.1			66.7

Total loans		10,649.9			10,714.5
Non Performing Loans / Total loans		0.58	%		0.62	%

MUTB Non-consolidated: Trust Accounts

	(in billions of yen)
	As of June 30, 2012			As of March 31, 2012
Bankrupt or De facto Bankrupt		0.0			0.1
Doubtful		0.1			0.0
Special Attention		0.4			0.8
Non Performing Loans		0.7			1.0

Total loans		91.4			93.8
Non Performing Loans / Total loans		0.80	%		1.12	%

Mitsubishi UFJ Financial Group, Inc.

3. Securities

MUFG Consolidated

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

(in billions of yen)

As of June 30, 2012

As of March 31, 2012

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Debt securities being held to maturity

2,489.0

52.2

2,607.0

30.3

(in billions of yen)

As of June 30, 2012

As of March 31, 2012

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Other securities

74,897.9

637.0

74,831.7

832.0

Domestic equity securities

2,987.9

54.1

3,333.8

321.7

Domestic bonds

52,241.0

270.8

51,566.8

217.5

Other

19,668.9

312.0

19,931.0

292.8

Foreign equity securities

146.6

27.3

170.3

50.2

Foreign bonds

17,434.0

292.8

17,921.9

260.6

Other

2,088.2

(8.1

)

1,838.7

(18.1

)

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”.

(in billions of yen)

As of June 30, 2012

As of March 31, 2012

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

1,342.8

34.4

1,290.8

26.5

Stocks of subsidiaries and affiliates

82.0

(7.0

)

98.3

(10.1

)

(in billions of yen)

As of June 30, 2012

As of March 31, 2012

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Other securities

60,438.6

299.1

61,072.2

480.9

Domestic equity securities

2,378.0

(96.0

)

2,647.0

107.4

Domestic bonds

45,956.0

212.7

45,565.3

177.5

Other

12,104.5

182.3

12,859.9

195.9

Foreign equity securities

138.6

27.1

161.3

49.2

Foreign bonds

10,214.4

130.4

11,250.1

136.8

Other

1,751.5

24.8

1,448.4

9.9

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

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

(in billions of yen)

As of June 30, 2012

As of March 31, 2012

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

766.6

5.4

1,020.6

6.6

Stocks of subsidiaries and affiliates

57.7

21.8

49.4

26.5

(in billions of yen)

As of June 30, 2012

As of March 31, 2012

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Other securities

11,886.5

203.5

11,452.1

219.9

Domestic equity securities

621.8

42.6

700.3

105.5

Domestic bonds

6,001.0

54.5

5,734.2

37.5

Other

5,263.5

106.3

5,017.5

76.8

Foreign equity securities

5.5

(0.6

)

6.0

(0.3

)

Foreign bonds

4,988.6

139.5

4,692.0

106.3

Other

269.3

(32.5

)

319.4

(29.1

)

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the three months ended June 30, 2012		For the three months ended June 30, 2011
ROE (*1)		7.79		13.00	(*2)

Note:

(*1) ROE is computed as follows:

Net income × 4 - 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

(*2) The one-time impact of Morgan Stanley becoming an equity-method affiliate of MUFG is adjusted.

5. Average Interest Rate Spread

BTMU and MUTB Combined

(Domestic business segment)


	(percentage per annum)
	For the three months ended June 30, 2012		For the three months ended June 30, 2011
Average interest rate on loans and bills discounted		1.24		1.37
Average interest rate on deposits and NCD		0.07		0.08
Interest rate spread		1.16		1.29

6. Loans and Deposits

BTMU and MUTB Combined

	(in billions of yen)
	As of June 30, 2012		As of March 31, 2012
Deposits (ending balance)		118,937.4		118,657.4
Deposits (average balance)		117,435.8		116,004.5
Loans (ending balance)		78,958.3		79,906.9
Loans (average balance)		78,737.6		75,955.3

	(in billions of yen)
	As of June 30, 2012		As of March 31, 2012
Domestic deposits (ending balance)*		108,117.9		107,805.3
Individuals		66,862.3		65,844.3

Note:

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

Mitsubishi UFJ Financial Group, Inc.

7. Statements of Trust Assets and Liabilities

MUTB Non-consolidated

Including trust assets under service-shared co-trusteeship


(in billions of yen)	As of March 31, 2012		As of June 30, 2012
Assets:
Loans and bills discounted		147.3		147.8
Securities		48,875.2		48,954.4
Beneficiary rights to the trust		29,422.6		29,489.5
Securities held in custody accounts		3,113.0		3,532.9
Monetary claims		13,638.5		13,283.1
Tangible fixed assets		9,057.5		9,123.7
Intangible fixed assets		135.9		134.5
Other claims		4,356.5		3,710.6
Call loans		1,197.4		1,155.0
Due from banking account		1,416.6		1,368.7
Cash and due from banks		1,591.3		1,566.6

Total		112,952.4		112,467.3

Liabilities:
Money trusts		17,900.8		17,734.2
Pension trusts		12,130.5		11,491.5
Property formation benefit trusts		13.0		13.0
Investment trusts		28,618.1		28,667.3
Money entrusted other than money trusts		2,096.4		2,204.6
Securities trusts		4,102.2		4,786.7
Monetary claim trusts		14,011.0		13,636.9
Equipment trusts		63.3		30.9
Land and fixtures trusts		85.1		84.4
Composite trusts		33,931.5		33,817.3

Total		112,952.4		112,467.3

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.

Mitsubishi UFJ Financial Group, Inc.

(Reference)

Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of June 30, 2012 is outlined below. (Figures are on a managerial basis and rounded off to the billion yen other than that of P/L impact.)

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

•

The balance as of the end of June 2012 increased to ¥1.72 trillion in total, an increase of ¥0.06 trillion compared with the balance as of the end of March 2012, mainly due to an increase in highly rated CLOs and CMBS.

•

Net unrealized losses were ¥40 billion, improved by ¥13 billion compared to the end of March 2012.

•

The effect on the P/L for the first quarter ended June 30, 2012 was a slight loss of approximately ¥0.3 billion.


		(¥bn)
												of which securities being held to maturity²
		Balance¹		Change from end of March 2012			Net unrealized gains (losses)			Change from end of March 2012		Balance		Net unrealized gains (losses)
1	RMBS		56		(8	)		0			0		0		0
2	Sub-prime RMBS		2		0			0			0		0		0
3	CMBS		123		19			4			1		0		0
4	CLOs		1,448		48			(43	)		12		1,234		(42	)
5	Other securitized products (card, etc.)		90		0			(1	)		0		22		0
6	CDOs		1		0			0			0		0		0
7	Sub-prime ABS CDOs		0		0			0			0		0		0

8	Total		1,718		60			(40	)		13		1,256		(42	)

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 72% of our investments in securitized products, an increase of 2% compared with the end of March 2012, mainly due to an increase in highly rated CLOs and CMBS.

•

AAA and AA-rated products accounted for 89% of our investments in securitized products.


		(¥bn)
		AAA			AA			A			BBB			BB or lower			Unrated			Total
9	RMBS		10			6			7			16			18			0			56
10	Sub-prime RMBS		2			0			0			0			0			0			2
11	CMBS		105			6			10			0			1			0			123
12	CLOs		1,074			266			65			42			2			0			1,448
13	Other securitized products (card, etc.)		48			19			14			5			3			1			90
14	CDOs		0			0			0			0			1			0			1
15	Sub-prime ABS CDOs		0			0			0			0			0			0			0

16	Total		1,237			296			96			63			25			1			1,718

17	Percentage of total		72	%		17	%		6	%		4	%		1	%		0	%		100	%
18	Percentage of total (End of March 2012)		70	%		18	%		6	%		4	%		2	%		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 June 2012.


		(¥bn)
		Americas		Europe		Asia		Japan		Total		Change from end of March 2012
1	LBO Loan³(Balance on a commitment basis)		27		94		5		182		307		(11	)
2	Balance on a booking basis		18		80		5		171		274		(8	)

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 June 2012 was ¥3.54 trillion (¥1.12 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