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 2013

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 22, 2013


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Akira Takeda
Name:		Akira Takeda
Title:		Chief Manager, General Affairs
		Corporate Administration Division

Consolidated Summary Report

For the Fiscal Year Ended March 31, 2013


Date:		July 22, 2013
Company name (code number):		Mitsubishi UFJ Financial Group, Inc. (8306)
		(URL http://www.mufg.jp/)
Stock exchange listings:		Tokyo, Nagoya, New York
Representative:		Nobuyuki Hirano, President & CEO
For inquiry:		Hiroshi Fukunaga, General Manager-Financial Planning Division, Financial Accounting Office
		(Phone) +81-3-3240-3110

Consolidated financial data for the fiscal year ended March 31, 2013

(1) Operating results


	(in millions of yen, except per share data)
	For the fiscal years ended March 31,
	2013		2012

Total revenue		4,495,430		4,036,532

Income before income tax expense		1,415,871		849,942

Net income attributable to Mitsubishi UFJ Financial Group		1,069,124		416,231

Basic earnings per common share — net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		74.30		28.17

Diluted earnings per common share — net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		74.16		28.09

Comprehensive income attibutable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2013 and 2012 were ¥2,239,871 million and ¥448,492 million, respectively.

Notes:

1. Average number of shares outstanding


	(in thousands of shares)
	For the fiscal years ended March 31,
	2013		2012
Common stock		14,148,060		14,140,136

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.”

(2) Financial condition


	(in millions of yen)
	As of March 31,
	2013		2012
Total assets		230,559,276		215,202,514
Total Mitsubishi UFJ Financial Group shareholders’ equity		10,608,795		8,583,158

(3) Cash flows


	(in millions of yen)
	For the fiscal years ended March 31,
	2013			2012
Net cash provided (used in) by operating activities		(2,164,910	)		592,879
Net cash used in investing activities		(1,800,255	)		(10,364,250	)
Net cash provided by financing activities		4,291,533			9,787,852
Cash and cash equivalents at end of period		3,619,253			3,230,409

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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 estimates, forecasts, targets and plans 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, evaluations and opinions. In addition, in order for the company to adopt such estimates, forecasts, targets and plans 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 estimates such as economic factors, our business plan and other factors. There exist a number of factors that may lead to uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economies, fluctuations in interest rates, foreign currency exchange rates and stock prices, and legal proceedings 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.

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Balance Sheets


	As of March 31,
(in millions of yen)	2013			2012
Assets:
Cash and due from banks		3,619,253			3,230,409
Interest-earning deposits in other banks		8,111,887			5,897,732
Call loans and funds sold		618,596			451,433
Receivables under resale agreements		5,659,512			4,481,863
Receivables under securities borrowing transactions		2,615,172			3,282,656
Trading account assets		40,826,384			34,953,245
Investment securities:
Securities available for sale—carried at fair value		58,844,069			57,740,401
Securities being held to maturity—carried at amortized cost		2,131,164			2,385,368
Other investment securities		889,952			909,765

Total investment securities		61,865,185			61,035,534

Loans, net of unearned income, unamortized premiums and deferred loan fees		98,590,229			92,298,243
Allowance for credit losses		(1,335,987	)		(1,285,507	)

Net loans		97,254,242			91,012,736

Premises and equipment—net		1,059,054			987,474
Accrued interest		255,192			250,351
Customers’ acceptance liability		90,216			88,082
Intangible assets—net		866,153			896,483
Goodwill		417,956			354,283
Deferred tax assets		514,679			950,395
Other assets		6,785,795			7,329,838

Total assets		230,559,276			215,202,514

Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing		15,327,957			14,980,210
Interest-bearing		103,003,820			99,610,994
Overseas offices:
Non-interest-bearing		3,481,750			2,708,186
Interest-bearing		26,396,212			22,194,340

Total deposits		148,209,739			139,493,730

Call money and funds purchased		4,010,582			2,796,221
Payables under repurchase agreements		15,700,394			13,572,712
Payables under securities lending transactions		3,992,950			4,978,917
Due to trust account		633,029			627,331
Other short-term borrowings		11,608,598			10,881,525
Trading account liabilities		14,969,482			11,967,182
Obligations to return securities received as collateral		3,034,547			3,639,838
Bank acceptances outstanding		90,216			88,082
Accrued interest		136,712			152,836
Long-term debt		12,182,358			12,593,062
Other liabilities		5,048,689			5,552,631

Total liabilities		219,617,296			206,344,067

Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock:
Preferred stock		442,100			442,100
Common stock		1,646,035			1,645,144
Capital surplus		6,348,133			6,378,619
Retained earnings:
Appropriated for legal reserve		239,571			239,571
Unappropriated retained earnings		1,361,620			482,535
Accumulated other comprehensive income (loss), net of taxes		574,347			(596,400	)
Treasury stock, at cost		(3,011	)		(8,411	)

Total Mitsubishi UFJ Financial Group shareholders’ equity		10,608,795			8,583,158
Noncontrolling interests		333,185			275,289

Total equity		10,941,980			8,858,447

Total liabilities and equity		230,559,276			215,202,514

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Income


	For the fiscal years ended March 31,
(in millions of yen)	2013			2012
Interest income:
Loans, including fees		1,577,770			1,595,097
Deposits in other banks		27,304			39,963
Investment securities:
Interest		266,640			307,812
Dividends		104,187			104,634
Gain on conversion rate adjustment of convertible preferred stock		—			139,320
Trading account assets		394,788			315,742
Call loans and funds sold		7,046			6,918
Receivables under resale agreements and securities borrowing transactions		49,786			86,470

Total		2,427,521			2,595,956

Interest expense:
Deposits		212,067			228,858
Call money and funds purchased		6,961			8,157
Payables under repurchase agreements and securities lending transactions		56,862			86,947
Due to trust account		665			647
Other short-term borrowings and trading account liabilities		52,342			61,657
Long-term debt		227,521			253,873

Total		556,418			640,139

Net interest income		1,871,103			1,955,817
Provision for credit losses		144,542			223,809

Net interest income after provision for credit losses		1,726,561			1,732,008

Non-interest income:
Fees and commissions income		1,160,874			1,099,963
Foreign exchange gains (loss) —net		(38,955	)		34,302
Trading account profits—net		570,276			667,285
Investment securities gains—net		155,957			19,384
Equity in earnings (losses) of equity method investees—net		60,210			(499,427	)
Gains on sales of loans		14,773			15,645
Other non-interest income		144,774			103,424

Total		2,067,909			1,440,576

Non-interest expense:
Salaries and employee benefits		932,399			900,144
Occupancy expenses—net		151,138			150,808
Fees and commission expenses		209,782			204,734
Outsourcing expenses, including data processing		198,134			191,089
Depreciation of premises and equipment		94,035			94,777
Amortization of intangible assets		207,568			212,229
Impairment of intangible assets		3,378			30,986
Insurance premiums, including deposit insurance		98,711			115,376
Communications		47,095			49,276
Taxes and public charges		66,862			65,641
Provision (reversal) for repayment of excess interest		(23	)		37
Other non-interest expenses		369,520			307,545

Total		2,378,599			2,322,642

Income before income tax expense		1,415,871			849,942
Income tax expense		296,020			429,191

Net income before attribution of noncontrolling interests		1,119,851			420,751
Net income attributable to noncontrolling interests		50,727			4,520

Net income attributable to Mitsubishi UFJ Financial Group		1,069,124			416,231

Income allocable to preferred shareholders:
Cash dividends paid		17,940			17,940

Net income available to common shareholders of Mitsubishi UFJ Financial Group		1,051,184			398,291


(in yen)
Earnings per common 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		74.30			28.17
Diluted earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group		74.16			28.09

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income


	For the fiscal years ended March 31,
(in millions of yen)	2013		2012
Net income before attribution of noncontrolling interests		1,119,851		420,751
Other comprehensive income
Net unrealized holding gains on investment securities		628,470		174,839
Net unrealized gains on derivatives qualifying for cash flow hedges		3,423		437
Pension liability adjustments		79,997		(94,215	)
Foreign currency translation adjustments		467,259		(49,543	)

Total other comprehensive income		1,179,149		31,518

Comprehensive income		2,299,000		452,269

Net income attributable to noncontrolling interests		50,727		4,520
Other comprehensive income (loss) attributable to noncontrolling interests		8,402		(743	)

Comprehensive income attributable to Mitsubishi UFJ Financial Group		2,239,871		448,492

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


	As of March 31,
(in millions of yen)	2013		2012
Nonaccrual loans:
Domestic:
Manufacturing		213,181		200,074
Construction		37,530		40,098
Real estate		205,959		127,824
Services		87,103		86,015
Wholesale and retail		250,241		237,977
Banks and other financial institutions		13,993		7,802
Communication and information services		32,125		33,418
Other industries		43,585		49,212
Consumer		269,641		288,402

Total domestic		1,153,358		1,070,822

Foreign:
Governments and official institutions		66		93
Banks and other financial institutions		21,814		20,188
Commercial and industrial		87,628		72,750
Other		32,247		25,982

Total foreign		141,755		119,013

Total		1,295,113		1,189,835

Restructured loans:
Domestic		847,728		830,853
Foreign		138,119		92,276

Total		985,847		923,129

Accruing loans contractually past due 90 days or more:
Domestic		41,216		65,446
Foreign		328		131

Total		41,544		65,577

Total		2,322,504		2,178,541

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