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 February 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: February 3, 2014


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the nine months ended December 31, 2013

February 3, 2014


Company name:	Mitsubishi UFJ Financial Group, Inc.	Stock exchange listings:	Tokyo, Nagoya, New York
Code number:	8306	URL: http://www.mufg.jp/
Representative:	Nobuyuki Hirano, President & CEO
For inquiry:	Hiroshi Fukunaga, General Manager - Financial Planning Division / Financial Accounting Office
	TEL (03) 3240-3110
Quarterly securities report issuing date: February 14, 2014		Dividend payment date: -
Trading accounts:	Established
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 Nine Months ended December 31, 2013

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income					Ordinary Profits					Net Income
Nine months ended	million yen		%			million yen		%			million yen		%
December 31, 2013		3,812,880		10.9			1,259,669		34.5			785,422		47.5
December 31, 2012		3,438,004		(9.3	)		936,459		(24.0	)		532,456		(34.7	)

(*)	Comprehensive income December 31, 2013: 1,223,293 million yen, 46.6 %; December 31, 2012: 834,274 million yen, 0.9 %


	Net Income per Common Stock		Diluted Net Income per Common Stock
Nine months ended	yen		yen
December 31, 2013		54.84		54.66
December 31, 2012		37.00		36.94

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Attributable to MUFG Shareholders to Total Assets (*)
As of	million yen		million yen		%
December 31, 2013		258,441,754		14,609,334		4.9
March 31, 2013		234,498,701		13,519,655		5.0

(Reference) Shareholders’ equity as of December 31, 2013: 12,620,564 million yen; March 31, 2013: 11,736,617 million yen

(*)

“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. 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, 2013		—		6.00		—		7.00		13.00
ending March 31, 2014		—		7.00		—		——		——
ending March 31, 2014 (Forecast)		——		——		——		7.00		14.00

(*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, 2014 (Consolidated)

MUFG has the target of 910.0 billion yen of consolidated net income for the fiscal year ending March 31, 2014. (There is no change to our earnings target released on November 14, 2013.)

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.

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: No

(B)

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

(C)

Changes in accounting estimates: No

(D)

Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	December 31, 2013	14,163,760,420 shares
	March 31, 2013	14,158,585,720 shares
(B) Treasury stocks:	December 31, 2013	2,537,837 shares
	March 31, 2013	3,411,544 shares
(C) Average outstanding stocks:	Nine months ended December 31, 2013	14,159,051,590 shares
	Nine months ended December 31, 2012	14,147,926,844 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 affect 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, 2013		—		57.50		—		57.50		115.00
Fiscal year ending March 31, 2014		—		57.50		—		——		——
Fiscal year ending March 31, 2014 (Forecast)		——		——		——		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, 2013		—		2.65		—		2.65		5.30
Fiscal year ending March 31, 2014		—		2.65		—		——		——
Fiscal year ending March 31, 2014 (Forecast)		——		——		——		2.65		5.30

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Consolidated Financial Statements			2
(1) Consolidated Balance Sheets			2
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			4
(3) Notes on Going-Concern Assumption			6
(4) Notes for Material Changes in Shareholders’ Equity			6

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Nine Months Ended December 31, 2013”

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2013			As of December 31, 2013
Assets:
Cash and due from banks		11,457,999			23,718,363
Call loans and bills bought		580,906			694,858
Receivables under resale agreements		5,635,326			5,984,902
Receivables under securities borrowing transactions		2,589,171			5,802,011
Monetary claims bought		3,365,787			3,849,282
Trading assets		20,570,422			17,361,918
Money held in trust		501,934			689,905
Securities		79,526,850			78,289,098
Loans and bills discounted		91,299,557			100,121,342
Foreign exchanges		1,499,694			1,882,991
Other assets		8,097,431			9,389,960
Tangible fixed assets		1,404,687			1,514,168
Intangible fixed assets		1,091,392			1,470,196
Deferred tax assets		95,814			148,198
Customers’ liabilities for acceptances and guarantees		7,869,182			8,467,562
Allowance for credit losses		(1,087,457	)		(943,008	)

Total assets		234,498,701			258,441,754

Liabilities:
Deposits		131,697,096			142,904,621
Negotiable certificates of deposit		14,855,049			15,484,101
Call money and bills sold		3,980,493			4,037,541
Payables under repurchase agreements		15,886,923			25,682,168
Payables under securities lending transactions		4,027,390			4,047,806
Commercial papers		1,048,856			1,521,982
Trading liabilities		15,379,226			13,328,971
Borrowed money		10,758,136			10,783,707
Foreign exchanges		859,469			1,396,542
Short-term bonds payable		462,161			441,206
Bonds payable		6,114,578			6,842,758
Due to trust accounts		1,503,215			1,664,077
Other liabilities		5,742,901			6,503,335
Reserve for bonuses		62,707			38,856
Reserve for bonuses to directors		891			509
Reserve for retirement benefits		84,911			64,164
Reserve for retirement benefits to directors		1,438			1,119
Reserve for loyalty award credits		7,798			14,816
Reserve for contingent losses		296,471			223,233
Reserves under special laws		1,969			2,643
Deferred tax liabilities		180,485			225,204
Deferred tax liabilities for land revaluation		157,688			155,486
Acceptances and guarantees		7,869,182			8,467,562

Total liabilities		220,979,045			243,832,419

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2013			As of December 31, 2013
Net assets:
Capital stock		2,139,378			2,140,421
Capital surplus		2,172,930			2,174,314
Retained earnings		6,267,976			6,833,977
Treasury stock		(1,929	)		(1,688	)

Total shareholders’ equity		10,578,356			11,147,025

Net unrealized gains (losses) on other securities		1,207,963			1,270,915
Net deferred gains (losses) on hedging instruments		45,146			(28,480	)
Land revaluation excess		159,952			157,841
Foreign currency translation adjustments		(195,421	)		135,236
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		(59,379	)		(61,973	)

Total accumulated other comprehensive income		1,158,261			1,473,538

Subscription rights to shares		8,884			8,636
Minority interests		1,774,153			1,980,133

Total net assets		13,519,655			14,609,334

Total liabilities and net assets		234,498,701			258,441,754

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 nine months ended December 31, 2012		For the nine months ended December 31, 2013
Ordinary income		3,438,004		3,812,880
Interest income		1,687,902		1,748,169
Interest on loans and bills discounted		1,130,737		1,180,721
Interest and dividends on securities		429,431		425,687
Trust fees		67,773		78,464
Fees and commissions		842,476		981,726
Trading income		200,835		252,236
Other business income		498,528		385,244
Other ordinary income		140,487		367,038
Ordinary expenses		2,501,545		2,553,211
Interest expenses		378,177		354,323
Interest on deposits		134,629		143,779
Fees and commissions		126,014		138,772
Trading expenses		—		1,665
Other business expenses		115,301		176,951
General and administrative expenses		1,580,156		1,712,771
Other ordinary expenses		301,895		168,726

Ordinary profits		936,459		1,259,669

Extraordinary gains		6,654		8,464
Gains on disposition of fixed assets		4,798		8,464
Reversal of reserve for contingent liabilities from financial instruments transactions		66		—
Transfer gains on divestiture of businesses		1,450		—
Others		339		—
Extraordinary losses		33,833		36,032
Losses on disposition of fixed assets		6,475		5,476
Losses on impairment of fixed assets		4,021		3,173
Provision for reserve for contingent liabilities from financial instruments transactions		—		673
Settlement package		—		24,537
Losses on sales of equity securities of subsidiaries		—		2,170
Losses on change in equity		23,285		—
Others		51		—

Income before income taxes and others		909,280		1,232,100

Income taxes—current		116,007		275,476
Income taxes—deferred		166,968		52,224

Total taxes		282,976		327,700

Income before minority interests		626,304		904,400

Minority interests		93,847		118,977

Net income		532,456		785,422

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the nine months ended December 31, 2012			For the nine months ended December 31, 2013
Income before minority interests		626,304			904,400
Other comprehensive income
Net unrealized gains (losses) on other securities		178,376			69,812
Net deferred gains (losses) on hedging instruments		(5,998	)		(74,548	)
Land revaluation excess		(87	)		(141	)
Foreign currency translation adjustments		28,062			234,210
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		4,205			(3,031	)
Share of other comprehensive income of associates accounted for using equity method		3,412			92,590

Total other comprehensive income		207,970			318,892

Comprehensive income		834,274			1,223,293

(Comprehensive income attributable to)
Comprehensive income attributable to owners of the parent		740,930			1,102,669
Comprehensive income attributable to minority interests		93,344			120,623

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 Nine Months Ended December 31, 2013


				Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]



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

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

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

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 nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2013 (A)			December 31, 2012 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,774.2			2,678.1			96.0
Gross profits before credit costs for trust accounts		2,774.6			2,678.1			96.5
Net interest income		1,393.9			1,309.8			84.1
Trust fees		78.4			67.7			10.6
Credit costs for trust accounts (1)		(0.4	)		(0.0	)		(0.4	)
Net fees and commissions		842.9			716.4			126.4
Net trading profits		250.5			200.8			49.7
Net other business profits		208.2			383.2			(174.9	)
Net gains (losses) on debt securities		124.7			344.3			(219.6	)
General and administrative expenses		1,686.0			1,523.9			162.0
Amortization of goodwill		26.0			22.0			3.9
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		1,114.7			1,176.2			(61.5	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		1,088.6			1,154.1			(65.4	)
Provision for general allowance for credit losses (2)		—			3.0			(3.0	)
Net business profits*		1,088.2			1,157.1			(68.9	)
Net non-recurring gains (losses)		171.4			(220.7	)		392.1
Credit costs (3)		(100.1	)		(144.2	)		44.0
Losses on loan write-offs		(92.5	)		(94.8	)		2.3
Provision for specific allowance for credit losses		—			(48.7	)		48.7
Other credit costs		(7.6	)		(0.6	)		(6.9	)
Reversal of allowance for credit losses (4)		91.7			—			91.7
Reversal of reserve for contingent losses included in credit costs (5)		2.6			0.6			2.0
Gains on loans written-off (6)		47.0			37.0			10.0
Net gains (losses) on equity securities		62.7			(90.9	)		153.6
Gains on sales of equity securities		82.7			31.4			51.2
Losses on sales of equity securities		(9.6	)		(12.1	)		2.5
Losses on write-down of equity securities		(10.3	)		(110.2	)		99.8
Profits (losses) from investments in affiliates		86.5			20.2			66.2
Other non-recurring gains (losses)		(19.0	)		(43.4	)		24.4

Ordinary profits		1,259.6			936.4			323.2

Net extraordinary gains (losses)		(27.5	)		(27.1	)		(0.3	)
Settlement package		(24.5	)		—			(24.5	)
Losses on change in equity		—			(23.2	)		23.2
Income before income taxes and others		1,232.1			909.2			322.8
Income taxes-current		275.4			116.0			159.4
Income taxes-deferred		52.2			166.9			(114.7	)
Total taxes		327.7			282.9			44.7
Income before minority interests		904.4			626.3			278.0
Minority interests		118.9			93.8			25.1

Net income		785.4			532.4			252.9

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)		40.7			(103.5	)		144.3

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in billions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2013 (A)			December 31, 2012 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,699.1			1,811.5			(112.3	)
Gross profits before credit costs for trust accounts		1,699.6			1,811.5			(111.9	)
Net interest income		981.3			960.7			20.6
Trust fees		57.6			50.5			7.0
Credit costs for trust accounts (1)		(0.4	)		(0.0	)		(0.4	)
Net fees and commissions		407.2			347.4			59.7
Net trading profits		65.4			94.2			(28.8	)
Net other business profits		187.5			358.5			(170.9	)
Net gains (losses) on debt securities		114.0			332.0			(217.9	)
General and administrative expenses		962.0			920.0			41.9
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		737.5			891.5			(153.9	)
Provision for general allowance for credit losses (2)		—			7.1			(7.1	)
Net business profits		737.0			898.6			(161.5	)
Net non-recurring gains (losses)		86.6			(225.5	)		312.2
Credit costs (3)		(47.6	)		(79.5	)		31.8
Losses on loan write-offs		(40.2	)		(35.2	)		(4.9	)
Provision for specific allowance for credit losses		—			(43.5	)		43.5
Other credit costs		(7.4	)		(0.6	)		(6.7	)
Reversal of allowance for credit losses (4)		83.0			—			83.0
Reversal of reserve for contingent losses included in credit costs (5)		4.9			0.3			4.5
Gains on loans written-off (6)		25.9			17.6			8.2
Net gains (losses) on equity securities		37.4			(112.3	)		149.7
Gains on sales of equity securities		70.9			24.8			46.1
Losses on sales of equity securities		(7.5	)		(11.0	)		3.5
Losses on write-down of equity securities		(25.9	)		(126.0	)		100.0
Other non-recurring gains (losses)		(17.0	)		(51.7	)		34.6

Ordinary profits		823.7			673.0			150.6

Net extraordinary gains (losses)		(22.3	)		(0.6	)		(21.7	)
Net gains (losses) on disposition of fixed assets		0.2			(3.9	)		4.1
Losses on impairment of fixed assets		(2.1	)		(2.4	)		0.3
Settlement package		(24.5	)		—			(24.5	)
Gains on liquidation of subsidiaries		—			5.7			(5.7	)
Income before income taxes		801.3			672.4			128.9
Income taxes-current		229.9			74.9			155.0
Income taxes-deferred		51.7			164.2			(112.4	)
Total taxes		281.7			239.1			42.5

Net income		519.6			433.3			86.3


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		65.8			(54.3	)		120.1

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in billions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2013 (A)			December 31, 2012 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,444.7			1,552.5			(107.7	)
Net interest income		862.4			853.4			9.0
Net fees and commissions		341.4			287.5			53.8
Net trading profits		64.7			86.7			(21.9	)
Net other business profits		176.0			324.8			(148.7	)
Net gains (losses) on debt securities		108.3			294.1			(185.7	)
General and administrative expenses		827.4			783.6			43.8
Amortization of goodwill		0.2			0.1			0.0
Net business profits before provision for general allowance for credit losses and amortization of goodwill		617.5			769.0			(151.5	)
Net business profits before provision for general allowance for credit losses		617.3			768.9			(151.5	)
Provision for general allowance for credit losses (1)		—			2.4			(2.4	)
Net business profits		617.3			771.3			(153.9	)
Net non-recurring gains (losses)		68.9			(193.0	)		262.0
Credit costs (2)		(46.6	)		(69.2	)		22.5
Losses on loan write-offs		(39.2	)		(33.0	)		(6.1	)
Provision for specific allowance for credit losses		—			(35.4	)		35.4
Other credit costs		(7.4	)		(0.7	)		(6.6	)
Reversal of allowance for credit losses (3)		64.8			—			64.8
Reversal of reserve for contingent losses included in credit costs (4)		3.7			0.1			3.6
Gains on loans written-off (5)		25.5			16.7			8.7
Net gains (losses) on equity securities		34.6			(106.7	)		141.4
Gains on sales of equity securities		64.5			13.8			50.6
Losses on sales of equity securities		(4.3	)		(8.3	)		3.9
Losses on write-down of equity securities		(25.5	)		(112.2	)		86.7
Other non-recurring gains (losses)		(13.2	)		(33.9	)		20.7

Ordinary profits		686.3			578.2			108.0

Net extraordinary gains (losses)		(21.5	)		(0.0	)		(21.5	)
Net gains (losses) on disposition of fixed assets		0.6			(3.8	)		4.4
Losses on impairment of fixed assets		(1.7	)		(2.0	)		0.2
Settlement package		(24.5	)		—			(24.5	)
Gains on liquidation of subsidiaries		—			5.7			(5.7	)
Income before income taxes		664.7			578.2			86.5
Income taxes-current		203.4			59.0			144.3
Income taxes-deferred		37.2			162.1			(124.9	)
Total taxes		240.6			221.2			19.4

Net income		424.0			356.9			67.0


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		47.4			(49.9	)		97.4

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in billions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2013 (A)			December 31, 2012 (B)			Increase (Decrease) (A) - (B)
Gross profits		254.3			259.0			(4.6	)
Gross profits before credit costs for trust accounts		254.8			259.0			(4.2	)
Trust fees		57.6			50.5			7.0
Credit costs for trust accounts (1)		(0.4	)		(0.0	)		(0.4	)
Net interest income		118.8			107.2			11.5
Net fees and commissions		65.8			59.9			5.8
Net trading profits		0.6			7.5			(6.9	)
Net other business profits		11.4			33.7			(22.2	)
Net gains (losses) on debt securities		5.6			37.8			(32.1	)
General and administrative expenses		134.6			136.4			(1.8	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		120.1			122.5			(2.4	)
Provision for general allowance for credit losses (2)		—			4.7			(4.7	)
Net business profits		119.7			127.2			(7.5	)
Net non-recurring gains (losses)		17.7			(32.4	)		50.2
Credit costs (3)		(0.9	)		(10.2	)		9.3
Losses on loan write-offs		(0.9	)		(2.2	)		1.2
Provision for specific allowance for credit losses		—			(8.1	)		8.1
Other credit costs		0.0			0.0			(0.0	)
Reversal of allowance for credit losses (4)		18.2			—			18.2
Reversal of reserve for contingent losses included in credit costs (5)		1.1			0.2			0.8
Gains on loans written-off (6)		0.3			0.9			(0.5	)
Net gains (losses) on equity securities		2.8			(5.5	)		8.3
Gains on sales of equity securities		6.4			10.9			(4.5	)
Losses on sales of equity securities		(3.1	)		(2.7	)		(0.4	)
Losses on write-down of equity securities		(0.4	)		(13.7	)		13.3
Other non-recurring gains (losses)		(3.8	)		(17.8	)		13.9

Ordinary profits		137.4			94.8			42.6

Net extraordinary gains (losses)		(0.7	)		(0.5	)		(0.2	)
Net gains (losses) on disposition of fixed assets		(0.4	)		(0.0	)		(0.3	)
Losses on impairment of fixed assets		(0.3	)		(0.4	)		0.0
Income before income taxes		136.6			94.2			42.3
Income taxes-current		26.5			15.8			10.6
Income taxes-deferred		14.5			2.0			12.4
Total taxes		41.0			17.9			23.1

Net income		95.5			76.3			19.2


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		18.3			(4.4	)		22.7

Mitsubishi UFJ Financial Group, Inc.

2. Non Performing Loans Based on the Financial Reconstruction Law

BTMU and MUTB Combined including Trust Account


	(in billions of yen)
	As of December 31, 2013			As of March 31, 2013
Bankrupt or De facto Bankrupt		126.2			134.3
Doubtful		856.8			1,009.8
Special Attention		509.1			552.6

Non Performing Loans		1,492.2			1,696.8

Total loans		100,158.5			94,261.7

Non Performing Loans / Total loans		1.48	%		1.80	%

BTMU Non-consolidated
	(in billions of yen)
	As of December 31, 2013			As of March 31, 2013
Bankrupt or De facto Bankrupt		123.0			131.4
Doubtful		832.6			963.1
Special Attention		490.5			533.1

Non Performing Loans		1,446.3			1,627.6

Total loans		88,166.7			82,623.9

Non Performing Loans / Total loans		1.64	%		1.96	%

MUTB Non-consolidated
	(in billions of yen)
	As of December 31, 2013			As of March 31, 2013
Bankrupt or De facto Bankrupt		3.0			2.8
Doubtful		23.4			46.5
Special Attention		17.8			19.0

Non Performing Loans		44.3			68.5

Total loans		11,958.8			11,598.3

Non Performing Loans / Total loans		0.37	%		0.59	%

MUTB Non-consolidated: Trust Account
	(in billions of yen)
	As of December 31, 2013			As of March 31, 2013
Bankrupt or De facto Bankrupt		0.0			0.0
Doubtful		0.7			0.1
Special Attention		0.8			0.4

Non Performing Loans		1.6			0.6

Total loans		32.9			39.4

Non Performing Loans / Total loans		4.94	%		1.65	%

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 December 31, 2013

As of March 31, 2013

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Debt securities being held to maturity

2,584.8

42.1

2,180.1

53.6

(in billions of yen)

As of December 31, 2013

As of March 31, 2013

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Other securities

75,547.0

1,953.2

77,091.8

1,885.1

Domestic equity securities

4,718.7

1,882.7

3,896.5

1,046.0

Domestic bonds

41,473.2

157.6

51,473.0

371.5

Other

29,355.0

(87.0

)

21,722.2

467.5

Foreign equity securities

237.4

99.6

209.1

94.6

Foreign bonds

25,563.1

(260.9

)

18,381.4

305.2

Other

3,554.4

74.1

3,131.6

67.7

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 December 31, 2013

As of March 31, 2013

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

1,691.2

41.0

1,449.3

49.6

Stocks of subsidiaries and affiliates

676.7

(82.3

)

77.1

27.0

(in billions of yen)

As of December 31, 2013

As of March 31, 2013

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Other securities

58,376.0

1,413.8

60,949.6

1,276.7

Domestic equity securities

3,809.8

1,394.8

3,128.8

701.6

Domestic bonds

35,161.5

118.7

44,334.0

292.9

Other

19,404.6

(99.7

)

13,486.8

282.1

Foreign equity securities

217.7

96.7

207.1

92.5

Foreign bonds

16,399.4

(231.1

)

10,820.3

116.5

Other

2,787.4

34.7

2,459.3

73.0

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

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

(in billions of yen)

As of December 31, 2013

As of March 31, 2013

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

249.1

1.0

538.1

3.2

Stocks of subsidiaries and affiliates

57.7

145.2

57.7

88.1

(in billions of yen)

As of December 31, 2013

As of March 31, 2013

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Other securities

14,238.5

487.2

13,625.7

480.8

Domestic equity securities

940.0

402.8

785.7

242.7

Domestic bonds

6,122.3

29.7

6,908.0

71.8

Other

7,176.2

54.6

5,932.0

166.2

Foreign equity securities

0.5

0.1

0.4

0.1

Foreign bonds

6,704.2

14.8

5,476.1

162.3

Other

471.4

39.5

455.4

3.7

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the nine months ended December 31, 2013		For the nine months ended December 31, 2012
ROE		9.85		7.51


Note:
ROE is computed as follows:

(Net income × 4/3) - 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

5. Average Interest Rate Spread

BTMU and MUTB Combined

(Domestic business segment)


	(percentage per annum)
	For the nine months ended December 31, 2013		For the nine months ended December 31, 2012
Average interest rate on loans and bills discounted		1.08		1.21
Average interest rate on deposits and NCD		0.05		0.07
Interest rate spread		1.02		1.14

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		1.23		1.34
Interest rate spread		1.17		1.27
6. Loans and Deposits BTMU and MUTB Combined
	(in billions of yen)
	As of December 31, 2013		As of March 31, 2013
Deposits (ending balance)		131,020.8		123,934.4
Deposits (average balance)		125,716.6		120,065.7
Loans (ending balance)		90,652.4		85,378.3
Loans (average balance)		88,758.2		83,070.8

	(in billions of yen)
	As of December 31, 2013		As of March 31, 2013
Domestic deposits (ending balance)*		112,740.6		110,995.7
Individuals		69,666.0		67,342.8

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, 2013		As of December 31, 2013
Assets:
Loans and bills discounted		103.6		102.8
Securities		52,034.3		53,644.9
Beneficiary rights to the trust		34,923.4		42,616.1
Securities held in custody accounts		3,061.0		3,136.5
Monetary claims		12,287.3		11,523.6
Tangible fixed assets		9,436.6		9,660.2
Intangible fixed assets		122.1		121.2
Other claims		3,931.1		4,049.3
Call loans		1,594.6		1,381.9
Due from banking account		1,491.5		1,664.0
Cash and due from banks		1,734.9		2,195.5

Total		120,720.9		130,096.6

Liabilities:
Money trusts		19,503.7		19,164.2
Pension trusts		12,352.9		13,457.6
Property formation benefit trusts		11.8		9.7
Investment trusts		34,238.6		41,928.7
Money entrusted other than money trusts		2,367.3		2,723.1
Securities trusts		4,348.9		4,630.5
Monetary claim trusts		12,457.5		11,607.9
Equipment trusts		28.0		35.8
Land and fixtures trusts		84.5		83.1
Composite trusts		35,327.2		36,455.6

Total		120,720.9		130,096.6

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 the end of December 2013 is outlined below. (Figures are on a managerial basis and rounded off to the billion yen)

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

•

The balance as of the end of December 2013 increased to ¥2.92 trillion in total, an increase of ¥0.47 trillion compared with the balance as of the end of March 2013, mainly due to an increase in highly rated CLOs and CMBS.

•

Net unrealized losses were ¥32 billion, worsened by ¥30 billion compared to the end of March 2013.

•

P/L impact for the quarter ended December 31, 2013 was approximately ¥3 billion.


		(¥bn)
													of which securities being held to maturity²
		Balance¹		Change from end of March 2013			Net unrealized gains (losses)			Change from end of March 2013			Balance		Net unrealized gains (losses)
1	RMBS		26		(12	)		4			0			0		0
2	Sub-prime RMBS		0		(2	)		0			(1	)		0		0
3	CMBS		374		45			(19	)		(25	)		169		(11	)
4	CLOs		2,465		460			(17	)		(4	)		1,703		(8	)
5	Other securitized products (card, etc.)		52		(17	)		1			0			18		0
6	CDOs		0		(1	)		0			0			0		0
7	Sub-prime ABS CDOs		0		0			0			0			0		0
8	SIV		0		0			0			(1	)		0		0

9	Total		2,917		474			(32	)		(30	)		1,890		(19	)

1.	Balance is the amount after impairment and before deducting net unrealized gains (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 80% of our investments in securitized products as of the end of December 2013, an increase of 6 percentage points compared with the end of March 2013, mainly due to an increase in highly rated CLOs.

•

AAA and AA-rated products accounted for 98% of our investments in securitized products.


		(¥bn)
		AAA			AA			A			BBB			BB or lower			Unrated			Total
10	RMBS		2			4			1			15			5			0			26
11	Sub-prime RMBS		0			0			0			0			0			0			0
12	CMBS		178			196			0			0			0			0			374
13	CLOs		2,117			298			37			13			0			0			2,465
14	Other securitized products (card, etc.)		24			23			0			0			1			4			52
15	CDOs		0			0			0			0			0			0			0
16	Sub-prime ABS CDOs		0			0			0			0			0			0			0
17	SIV		0			0			0			0			0			0			0

18	Total		2,321			520			37			28			6			4			2,917

19	Percentage of total		80	%		18	%		1	%		1	%		0	%		0	%		100	%

20	Percentage of total (End of March 2013)		74	%		20	%		3	%		2	%		1	%		0	%		100	%

Mitsubishi UFJ Financial Group, Inc.

[Credit exposure related to leveraged loan (LBO loan)]

•

We are not engaged in origination or distribution of securitized products relating to LBO loans, and therefore, there is no balance of LBO loans for securitization.

•

The following table shows the balances of LBO loans as of the end of December 2013.


		(¥bn)
		Americas		Europe		Asia		Japan		Total		Change from end of March 2013
1	LBO Loan³ (Balance on a commitment basis)		16		118		0		173		307		(6	)
2	Balance on a booking basis		5		86		0		157		248		(24	)

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 December 2013 was ¥4.21 trillion (including ¥1.78 trillion in overseas).

•

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

End


<Terminology>

RMBS	:	Asset-backed securities collateralized by residential mortgages
CMBS	:	Asset-backed securities collateralized by commercial mortgages
CLOs	:	Collateralized loan 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
SIVs	:	Investment companies established mainly for gaining profit margin by raising funds through subordinated notes and short-term CPs, etc. and investing in relatively long-term securitized products and bonds, etc.
LBO Loans	:	Loans collateralized by assets and/or future cash flows of an acquired company
ABCP	:	Commercial papers issued by a Special Purposed Company (SPC) collateralized by receivables