Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of June 2015

Commission File No. 000-54189

 

 

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 office)

 

 

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 if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(7):

 

 

 


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: June 25, 2015

 

Mitsubishi UFJ Financial Group, Inc.

By:

/s/ Akira Takeda

Name:

Akira Takeda

Title:

Chief Manager, General Affairs
Corporate Administration Division


English Translation of Excerpts from Securities Report Filed in Japan

This document is an English translation of selected information included in the Securities Report filed by Mitsubishi UFJ Financial Group, Inc. (“MUFG”) with the Kanto Local Financial Bureau, the Ministry of Finance of Japan, on June 25, 2015.

The Securities Report has been prepared and filed in Japan in accordance with applicable Japanese disclosure requirements as well as generally accepted accounting principles in Japan (“J-GAAP”). There are significant differences between J-GAAP and US GAAP. Accordingly, the Securities Report may not contain all of the information that is important to you. For a more complete discussion of the background to information provided in the Securities Report disclosure, please see our annual report on Form 20-F for the fiscal year ended March 31, 2014 and the other reports filed with or submitted to the U.S. Securities and Exchange Commission by MUFG.

Business Segment Information

1. Summary of Reporting Segment

MUFG’s reporting segments are business units of MUFG for which separate financial information is available and which its Board of Directors regularly reviews to make decisions regarding allocation of management resources and evaluate performance.

MUFG engages in a wide range of sophisticated financial businesses through its group companies that include commercial banks, trust banks, securities companies, credit card companies and consumer finance companies. MUFG operates under an integrated business group system comprising five core business areas — Retail, Corporate, Global Business, Trust Assets and Global Markets — designed to enhance its operations as an integrated group. Managing its group companies under this system, MUFG provides value-added financial products and services to customers in a timely manner.

MUFG’s group companies are managed using a matrix framework consisting of several business segments identified based on the integrated business group system as well as through individual group companies. To assist appropriate assessment of MUFG’s future cash flow forecasts, MUFG has identified as its reporting segments the following core entities (on a consolidated basis), each operating in a different industry and regulatory environment:

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) — Banking

Mitsubishi UFJ Trust and Banking Corporation (MUTB) — Banking and trust banking

Mitsubishi UFJ Securities Holdings Co., Ltd. (MUSHD) — Securities

Consumer Finance Subsidiaries (CFS) — Credit card and consumer finance (*)

(*) Consumer finance subsidiaries include Mitsubishi UFJ NICOS Co., Ltd. and ACOM CO., LTD.

(Changes in Accounting Standards Regarding Business Combinations)

The “Revised Accounting Standard for Business Combinations” (ASBJ Statement No. 21 issued on September 13, 2013) and other standards became applicable in the financial reporting period ended March 31, 2015, in accordance with the transitional treatment set forth in Article 58-2 (3) of the Business Combinations Accounting Standard, Article 44-5 (3) of the Consolidation Accounting Standard and Article 57-4 (3) of the Business Divestitures Accounting Standard. As a result, as compared to the previously applied accounting treatment, for the BTMU segment, net income increased 12,926 million yen, amortization of goodwill decreased 12,926 million yen and unamortized goodwill decreased 179,433 million yen; for the MUTB segment, net income increased 40 million yen, amortization of goodwill decreased 40 million yen and unamortized goodwill decreased 742 million yen; for the MUSHD segment, net income decreased 401 million yen, amortization of goodwill decreased 573 million yen and unamortized goodwill decreased 10,873 million yen; and for the CFS segment, net income increased 242 million yen, amortization of goodwill decreased 242 million yen and unamortized goodwill decreased 2,522 million yen.

 

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2. Information on Ordinary Income (Losses), Net Income (Losses), Total Assets and Other Financial Items for Each Reporting Segment

Previous Year Financial Reporting Period (from April 1, 2013 to March 31, 2014)

(in millions of yen)

 

     BTMU      MUTB      MUSHD      CFS      Others     Total      Adjustments     Consolidated  

Ordinary Income

     3,599,428         644,572         529,311         469,857         346,768        5,589,937         (413,835     5,176,102   

Interest Income

     1,962,002         207,776         27,484         198,238         319,616        2,715,118         (344,469     2,370,649   

Profits from Investment in Affiliates (Equity Method)

     14,169         4,242         24,506         147         —          43,067         69,402        112,470   

Income from Amortization of Negative Goodwill

     —           —           —           —           —          —           1,591        1,591   

From Customers

     3,483,233         626,826         527,712         455,792         82,537        5,176,102         —          5,176,102   

From Internal Transactions

     116,195         17,746         1,599         14,064         264,230        413,835         (413,835     —     

Net Income

     754,323         145,872         97,781         35,704         306,453        1,340,135         (355,289     984,845   

Total Assets

     201,614,685         31,423,015         30,412,908         4,114,232         12,351,964        279,916,806         (21,784,859     258,131,946   

Other Items

                     

Depreciation

     181,469         34,750         13,668         20,471         1,493        251,853         3,783        255,637   

Amortization of Goodwill

     18,374         597         1,140         2,328         —          22,442         14,388        36,830   

Interest Expenses

     397,230         56,799         35,566         26,102         29,087        544,787         (52,665     492,122   

Extraordinary Profits

     16,995         651         105         5,410         —          23,162         (11,781     11,381   

Extraordinary Losses

     37,760         11,315         3,226         492         17        52,813         110,357        163,170   

Losses on Impairment of Fixed Assets

     3,758         10,583         2,359         24         —          16,726         110,198        126,924   

Tax Expenses

     380,101         58,970         12,386         2,353         (15,100     438,712         1,275        439,988   

Unamortized Goodwill

     451,668         18,551         29,429         10,865         —          510,514         42,140        552,655   

Total Investment in Equity Method Affiliates

     260,166         109,083         263,785         4,529         823,689        1,461,255         678,763        2,140,019   

Increase in Tangible and Intangible Fixed Assets

     282,463         30,272         23,473         35,352         3,233        374,795         —          374,795   

Notes:

1. Ordinary income, interest income and interest expenses used in the above table are equivalent to revenues, interest income and interest expenses, respectively, generally used by Japanese non-financial companies.
2. “Others” includes MUFG and other companies.
3. Net income for “Others” includes 255,288 million yen of dividends from MUFG’s subsidiaries and affiliates.
4. Adjustments on interest income include deduction of dividend income from affiliated companies received by MUFG.
5. Adjustments on net income include elimination of inter-segment transactions of 423,960 million yen and 68,670 million yen of net profit representing the amounts that are not allocated among segments consisting of profits (losses) from investment in affiliates (equity method), amortization of goodwill and negative goodwill, tax expenses and minority interests.
6. Adjustments on total assets mainly include offsets of inter-segment debt and credit transactions.
7. Adjustments on amortization of goodwill are mainly related to CFS and MUSHD.
8. Adjustments on extraordinary profits and losses include elimination of inter-segment transactions and loss on impairment of goodwill related to CFS.
9. Adjustments on unamortized goodwill are mainly attributable to MUSHD.
10. Net income is adjusted from the net income in the consolidated profit and loss statements for the financial reporting period ended March 31, 2014.

 

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Most Recently Ended Financial Reporting Period (from April 1, 2014 to March 31, 2015)

(in millions of yen)

 

     BTMU      MUTB      MUSHD      CFS      Others     Total      Adjustments     Consolidated  

Ordinary Income

     4,028,944         650,326         516,057         487,767         684,305        6,367,401         (728,999     5,638,402   

Interest Income

     2,384,928         225,642         31,616         194,829         647,412        3,484,430         (678,191     2,806,238   

Profits from Investment in Affiliates (Equity Method)

     24,691         11,583         15,197         303         —          51,777         107,859        159,637   

From Customers

     3,951,105         631,418         479,252         469,642         106,983        5,638,402         —          5,638,402   

From Internal Transactions

     77,839         18,907         36,804         18,125         577,321        728,999         (728,999     —     

Net Income

     731,622         159,773         50,995         27,511         626,295        1,596,198         (562,439     1,033,759   

Total Assets

     219,313,264         38,309,785         29,992,593         4,163,265         12,095,009        303,873,917         (17,724,149     286,149,768   

Other Items

                     

Depreciation

     224,836         31,263         15,080         23,713         1,788        296,683         3,480        300,163   

Amortization of Goodwill

     16,920         1,049         959         984         —          19,913         (2,125     17,787   

Interest Expenses

     512,186         62,976         44,006         23,032         28,352        670,554         (45,811     624,743   

Extraordinary Profits

     4,091         9,848         4         716         0        14,661         (6     14,655   

Extraordinary Losses

     72,391         8,995         2,624         597         133        84,743         28,156        112,899   

Losses on Impairment of Fixed Assets

     4,249         5,466         1,771         —           —          11,487         —          11,487   

Tax Expenses

     347,236         69,840         37,748         3,819         (1,325     457,319         10,467        467,786   

Unamortized Goodwill

     293,225         18,859         17,024         7,443         —          336,553         (27,433     309,119   

Total Investment in Equity Method Affiliates

     282,391         124,580         250,221         4,828         823,689        1,485,710         936,025        2,421,736   

Increase in Tangible and Intangible Fixed Assets

     287,385         40,946         25,219         33,547         5,546        392,645         —          392,645   

Notes:

1. Ordinary income, interest income and interest expenses used in the above table are equivalent to revenues, interest income and interest expenses, respectively, generally used by Japanese non-financial companies.
2. “Others” includes MUFG and other companies.
3. Net income for “Others” includes 579,270 million yen of dividends from MUFG’s subsidiaries and affiliates.
4. Adjustments on interest income include deduction of dividend income from affiliated companies received by MUFG.
5. Adjustments on net income include elimination of inter-segment transactions of 667,722 million yen and 105,283 million yen of net profit representing the amounts that are not allocated among segments consisting of profits (losses) from investment in affiliates (equity method), amortization of goodwill, tax expenses and minority interests.
6. Adjustments on total assets mainly include offsets of inter-segment debt and credit transactions.
7. Adjustments on extraordinary losses include losses on change in equity.
8. Net income is adjusted from the net income in the consolidated profit and loss statements for the financial reporting period ended March 31, 2015.

 

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Related Information

Previous Year Financial Reporting Period (from April 1, 2013 to March 31, 2014)

1. Information by Type of Service

Omitted because it is similar to the above-explained reporting segment information.

2. Geographical Information

(1) Ordinary Income (in millions of yen)

 

Japan   United
States
  Europe/
Middle
East
  Asia/
Oceania
  Others   Total  
  3,521,599      764,237      315,058      518,790      56,416      5,176,102   

Notes:

1. Ordinary income is equivalent to revenues generally used by Japanese non-financial companies.

2. Ordinary income is categorized by either country or region based on the location of MUFG’s operating offices.

(2) Tangible Fixed Assets (in millions of yen)

 

Japan   United
States
  Others   Total  
  1,099,014      347,992      93,024      1,540,031   

3. Information by Major Customer

Not Applicable.

 

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Most Recently Ended Financial Reporting Period (from April 1, 2014 to March 31, 2015)

1. Information by Type of Service

Omitted because it is similar to the above-explained reporting segment information.

2. Geographical Information

(1) Ordinary Income (in millions of yen)

 

Japan   United
States
  Europe/
Middle
East
  Asia/
Oceania
  Others   Total  
  3,362,131      917,888      321,528      972,713      64,140      5,638,402   

Notes:

1. Ordinary income is equivalent to revenues generally used by Japanese non-financial companies.

2. Ordinary income is categorized by either country or region based on the location of MUFG’s operating offices.

(2) Tangible Fixed Assets (in millions of yen)

 

Japan   United
States
  Others   Total  
  1,108,978      137,316      106,432      1,352,727   

3. Information by Major Customer

Not Applicable.

 

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