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 January 2014

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: January 22, 2014


Mitsubishi UFJ Financial Group, Inc.

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

Interim Consolidated Summary Report

For the Fiscal Year Ending March 31, 2014


Date:		January 22, 2014
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 six months ended September 30, 2013

(1) Operating results


		(in millions of yen, except per share data)


	For the six months ended September 30,
	2013		2012
Total revenue		1,929,399		2,240,921
Income before income tax expense		530,411		683,604
Net income attributable to Mitsubishi UFJ Financial Group		383,314		596,012
Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)		26.21		41.50
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)		26.10		41.44

Comprehensive income attributable to Mitsubishi UFJ Financial Group for the six months ended September 30, 2013 and 2012 were ¥820,313 million and ¥397,825 million, respectively.

Notes:

1. Average number of shares outstanding

(in thousands of shares)



	For the six months ended September 30,
	2013		2012
Common stock		14,157,332		14,146,513

2. “Basic earnings per common share” and “Diluted earnings per common share” are based on “Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group.”

(2) Financial condition

(in millions of yen)



	As of September 30,		As of March 31,
	2013		2013
Total assets		237,948,092		230,559,276
Total Mitsubishi UFJ Financial Group shareholders’ equity		11,318,231		10,608,795

(3) Cash flows

(in millions of yen)



	For the six months ended September 30,
	2013			2012
Net cash provided by (used in) operating activities		1,821,992			(10,822	)
Net cash used in investing activities		(6,124,115	)		(983,360	)
Net cash provided by financing activities		4,113,395			773,187
Cash and cash equivalents at end of period		3,483,533			3,004,711

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This report is an excerpt of certain highlights from our semiannual condensed consolidated financial information under U.S. GAAP that is included in a report on Form 6-K (the “Form 6-K”) to be submitted to 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 6-K 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 6-K 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, including economic factors, our business performance 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, 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, reports on Form 6-K and other current disclosures that the company has publicly released.

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)


(in millions of yen)	As of September 30, 2013			As of March 31, 2013
Assets:
Cash and due from banks		3,483,533			3,619,253
Interest-earning deposits in other banks		15,495,887			8,111,887
Call loans, funds sold, and receivables under resale agreements		7,071,516			6,278,108
Receivables under securities borrowing transactions		2,671,060			2,615,172
Trading account assets		40,458,856			40,826,384
Investment securities:
Securities available-for-sale		52,631,792			58,844,069
Securities being held-to-maturity		1,937,218			2,131,164
Other investment securities		874,785			889,952

Total investment securities		55,443,795			61,865,185

Loans, net of unearned income, unamortized premiums and deferred loan fees		102,067,926			98,590,229
Allowance for credit losses		(1,183,447	)		(1,335,987	)

Net loans		100,884,479			97,254,242

Premises and equipment—net		1,099,768			1,059,054
Accrued interest		260,185			255,192
Customers’ acceptance liability		102,763			90,216
Intangible assets—net		880,930			866,153
Goodwill		497,423			417,956
Deferred tax assets		483,745			514,679
Other assets		9,114,152			6,785,795

Total assets		237,948,092			230,559,276

Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing		15,751,913			15,327,957
Interest-bearing		102,060,649			103,003,820
Overseas offices, principally interest-bearing		35,025,497			29,877,962

Total deposits		152,838,059			148,209,739

Call money, funds purchased, and payables under repurchase agreements		23,806,001			19,710,976
Payables under securities lending transactions		3,147,163			3,992,950
Due to trust account and other short-term borrowings		11,606,764			12,241,627
Trading account liabilities		12,139,151			14,969,482
Obligations to return securities received as collateral		2,682,368			3,034,547
Bank acceptances outstanding		102,763			90,216
Accrued interest		128,759			136,712
Long-term debt		12,706,266			12,182,358
Other liabilities		7,110,562			5,048,689

Total liabilities		226,267,856			219,617,296

Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock:
Preferred stock		442,100			442,100
Common stock		1,647,077			1,646,035
Capital surplus		6,347,268			6,348,133
Retained earnings:
Appropriated for legal reserve		239,571			239,571
Unappropriated retained earnings		1,633,408			1,361,620
Accumulated other comprehensive income, net of taxes		1,011,346			574,347
Treasury stock, at cost		(2,539	)		(3,011	)

Total Mitsubishi UFJ Financial Group shareholders’ equity		11,318,231			10,608,795
Noncontrolling interests		362,005			333,185

Total equity		11,680,236			10,941,980

Total liabilities and equity		237,948,092			230,559,276

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Income (Unaudited)


	For the six months ended September 30,
(in millions of yen)	2013			2012
Interest income:
Loans, including fees		817,510			793,828
Deposits in other banks		20,386			13,868
Investment securities		179,037			187,884
Trading account assets		187,493			185,943
Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions		31,511			32,422

Total		1,235,937			1,213,945

Interest expense:
Deposits		107,618			113,647
Call money, funds purchased, and payables under repurchase agreements and securities lending transactions		21,946			35,295
Due to trust account, other short-term borrowings, and trading account liabilities		27,787			28,124
Long-term debt		112,164			118,009

Total		269,515			295,075

Net interest income		966,422			918,870
Provision (credit) for credit losses		(60,229	)		80,012

Net interest income after provision (credit) for credit losses		1,026,651			838,858

Non-interest income:
Fees and commissions income		639,422			540,963
Foreign exchange gains (losses)—net		(35,659	)		76,616
Trading account profits (losses)—net		(192,113	)		301,785
Investment securities gains—net		129,961			35,712
Equity in earnings of equity method investees—net		87,151			10,032
Other non-interest income		64,700			61,868

Total		693,462			1,026,976

Non-interest expense:
Salaries and employee benefits		496,784			460,925
Occupancy expenses—net		78,619			77,475
Fees and commission expenses		111,437			100,565
Outsourcing expenses, including data processing		105,052			98,725
Depreciation of premises and equipment		49,358			46,609
Amortization of intangible assets		99,550			103,007
Impairment of intangible assets		133			235
Insurance premiums, including deposit insurance		50,445			48,792
Communications		24,924			23,558
Taxes and public charges		34,523			33,399
Other non-interest expenses		138,877			188,940

Total		1,189,702			1,182,230

Income before income tax expense		530,411			683,604
Income tax expense		99,411			70,518

Net income before attribution of noncontrolling interests		431,000			613,086
Net income attributable to noncontrolling interests		47,686			17,074

Net income attributable to Mitsubishi UFJ Financial Group		383,314			596,012

Income allocated to preferred shareholders:
Cash dividends paid		8,970			8,970
Changes in a foreign affiliated company’s interests in its subsidiary		3,301			—

Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		371,043			587,042


(in yen)
Earnings per common share applicable to common shareholders of Mitsubishi UFJ Financial Group:
Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		26.21			41.50
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		26.10			41.44

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income (Unaudited)


	For the six months ended September 30,
(in millions of yen)	2013			2012
Net income before attribution of noncontrolling interests		431,000			613,086
Net unrealized holding gains (losses) on investment securities		133,548			(171,216	)
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges		(12	)		1,669
Defined benefit plans		17,677			(1,036	)
Foreign currency translation adjustments		284,255			(25,675	)

Comprehensive income		866,468			416,828

Net income attributable to noncontrolling interests		47,686			17,074
Other comprehensive income (losses) attributable to noncontrolling interests		(1,531	)		1,929

Comprehensive income attributable to Mitsubishi UFJ Financial Group		820,313			397,825


Credit Quality Data (Unaudited)
(in millions of yen)	As of September 30, 2013			As of March 31, 2013
Nonaccrual loans		1,150,392			1,295,113
Restructured loans		943,676			985,847
Accruing loans contractually past due 90 days or more		49,307			41,544

Total		2,143,375			2,322,504

Loans		102,067,926			98,590,229
Allowance for credit losses		(1,183,447	)		(1,335,987	)

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