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 January 2016

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: January 29, 2016

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Yasuo Matsumoto

Name:   Yasuo Matsumoto
Title:   Chief Manager, Documentation & Corporate Secretary Department, Corporate Administration Division
 


Interim Consolidated Summary Report

<under US GAAP>

For the Fiscal Year Ending March 31, 2016

 

Date:    January 29, 2016
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 & Group CEO
For inquiry:    Kazutaka Yoneda, General Manager-Financial Planning Division / Financial Accounting Office
   (Phone) +81-3-3240-3110

Consolidated financial data for the six months ended September 30, 2015

(1) Operating results

 

   (in millions of yen, except per share data)

 

    

For the six months ended September 30,

    

    2015    

  

    2014    

Total revenue

   2,240,357    2,865,991

Income before income tax expense

   510,193    1,273,959

Net income attributable to Mitsubishi UFJ Financial Group

   381,307    838,296

Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)

   27.34    58.55

Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)

   27.19    58.35

Comprehensive income (loss) attributable to Mitsubishi UFJ Financial Group for the six months ended September 30, 2015 and 2014 were ¥(64,655) million and ¥1,287,757 million, respectively.

Notes:

1. Average number of shares outstanding

(in thousands of shares)

    

For the six months ended September 30,

    

2015

  

2014

Common stock

   13,947,620    14,163,257

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,
2015

  

As of March 31,
2015

Total assets

   283,978,815    280,886,326

Total Mitsubishi UFJ Financial Group shareholders’ equity

   14,385,236    14,679,065

(3) Cash flows

(in millions of yen)

    

For the six months ended September 30,

    

2015

  

2014

Net cash provided by operating activities

      2,229,802       869,579 

Net cash used in investing activities

   (5,137,177)    (2,054,938)

Net cash provided by financing activities

   3,199,854     915,968 

Cash and cash equivalents at end of period

   3,651,229     3,412,708 

 

-1-


 

This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.’s semiannual condensed consolidated financial information under U.S. GAAP that is included in the company’s annual report on Form 6-K (the “Semiannual U.S. GAAP Report”) 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 Semiannual U.S. GAAP Report 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 Semiannual U.S. GAAP Report 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 (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 disclosures regarding provision for credit losses, valuation of financial assets and realizability of the deferred tax assets are based on assumptions and other estimates such as economic factors, the company’s business plans and 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, changes in borrower conditions, fluctuations in interest rates, foreign currency exchange rates and stock prices, legal proceedings, changes in the regulatory and competitive environment, and natural disasters, cyber-attacks and other external events. 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.

 

 

 

-2-


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

 

(in millions of yen)

   As of
September 30,
2015
    As of
March 31,
2015
 

Assets:

    

Cash and due from banks

     3,651,229        3,353,236   

Interest-earning deposits in other banks

     44,237,744        37,364,698   

Call loans, funds sold, and receivables under resale agreements

     7,317,410        7,933,424   

Receivables under securities borrowing transactions

     6,739,901        4,659,545   

Trading account assets

     44,004,179        46,904,903   

Investment securities:

    

Available-for-sale securities—carried at fair value

     42,274,655        47,490,404   

Held-to-maturity securities—carried at amortized cost

     3,998,298        4,130,451   

Other investment securities

     566,811        587,119   
  

 

 

   

 

 

 

Total investment securities

     46,839,764        52,207,974   
  

 

 

   

 

 

 

Loans, net of unearned income, unamortized premiums and deferred loan fees

     120,665,437        118,265,202   

Allowance for credit losses

     (947,346     (1,055,479
  

 

 

   

 

 

 

Net loans

     119,718,091        117,209,723   
  

 

 

   

 

 

 

Premises and equipment—net

     1,012,868        982,205   

Accrued interest

     296,910        323,496   

Customers’ acceptance liability

     165,893        205,384   

Intangible assets—net

     1,151,000        1,160,164   

Goodwill

     810,565        807,610   

Deferred tax assets

     85,122        90,674   

Other assets

     7,948,139        7,683,290   
  

 

 

   

 

 

 

Total assets

     283,978,815        280,886,326   
  

 

 

   

 

 

 

Liabilities:

    

Deposits:

    

Domestic offices:

    

Non-interest-bearing

     17,930,788        17,829,620   

Interest-bearing

     109,058,919        107,968,674   

Overseas offices, principally interest-bearing

     45,376,564        46,192,973   
  

 

 

   

 

 

 

Total deposits

     172,366,271        171,991,267   
  

 

 

   

 

 

 

Call money, funds purchased, and payables under repurchase agreements

     24,891,192        24,397,191   

Payables under securities lending transactions

     9,086,489        8,205,349   

Due to trust account and other short-term borrowings

     14,113,350        13,156,799   

Trading account liabilities

     16,307,086        17,029,385   

Obligations to return securities received as collateral

     3,041,938        2,651,151   

Bank acceptances outstanding

     165,893        205,384   

Accrued interest

     131,611        132,330   

Long-term debt

     20,751,691        19,968,735   

Other liabilities

     8,092,155        7,867,394   
  

 

 

   

 

 

 

Total liabilities

     268,947,676        265,604,985   
  

 

 

   

 

 

 

Equity:

    

Mitsubishi UFJ Financial Group shareholders’ equity:

    

Capital stock

     2,090,270        2,090,270   

Capital surplus

     5,955,148        5,959,626   

Retained earnings:

    

Appropriated for legal reserve

     239,571        239,571   

Unappropriated retained earnings

     3,678,834        3,424,864   

Accumulated other comprehensive income, net of taxes

     2,621,293        3,067,255   

Treasury stock, at cost

     (199,880     (102,521
  

 

 

   

 

 

 

Total Mitsubishi UFJ Financial Group shareholders’ equity

     14,385,236        14,679,065   

Noncontrolling interests

     645,903        602,276   
  

 

 

   

 

 

 

Total equity

     15,031,139        15,281,341   
  

 

 

   

 

 

 

Total liabilities and equity

     283,978,815        280,886,326   
  

 

 

   

 

 

 

 

-3-


(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)

   2015     2014  

Interest income:

    

Loans, including fees

     1,020,156        973,824   

Deposits in other banks

     37,886        29,934   

Investment securities

     201,240        188,482   

Trading account assets

     196,241        206,135   

Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions

     28,759        34,834   
  

 

 

   

 

 

 

Total

     1,484,282        1,433,209   
  

 

 

   

 

 

 

Interest expense:

    

Deposits

     170,578        151,105   

Call money, funds purchased, and payables under repurchase agreements and securities lending transactions

     20,632        27,284   

Due to trust account, other short-term borrowings, and trading account liabilities

     25,843        31,569   

Long-term debt

     136,630        121,866   
  

 

 

   

 

 

 

Total

     353,683        331,824   
  

 

 

   

 

 

 

Net interest income

     1,130,599        1,101,385   

Credit for credit losses

     7,204        68,138   
  

 

 

   

 

 

 

Net interest income after credit for credit losses

     1,137,803        1,169,523   
  

 

 

   

 

 

 

Non-interest income:

    

Fees and commissions income

     729,900        672,050   

Foreign exchange gains (losses)—net

     41,615        (42,982

Trading account profits (losses)—net

     (284,774     562,518   

Investment securities gains—net

     119,808        63,232   

Equity in earnings of equity method investees—net

     114,252        121,538   

Other non-interest income

     35,274        56,426   
  

 

 

   

 

 

 

Total

     756,075        1,432,782   
  

 

 

   

 

 

 

Non-interest expense:

    

Salaries and employee benefits

     574,221        534,889   

Occupancy expenses—net

     87,773        82,643   

Fees and commission expenses

     139,501        118,546   

Outsourcing expenses, including data processing

     120,996        121,568   

Depreciation of premises and equipment

     46,237        54,525   

Amortization of intangible assets

     116,244        107,308   

Impairment of intangible assets

     213        108   

Insurance premiums, including deposit insurance

     45,774        57,200   

Communications

     28,955        26,721   

Taxes and public charges

     43,804        47,560   

Other non-interest expenses

     179,967        177,278   
  

 

 

   

 

 

 

Total

     1,383,685        1,328,346   
  

 

 

   

 

 

 

Income before income tax expense

     510,193        1,273,959   

Income tax expense

     97,073        409,999   
  

 

 

   

 

 

 

Net income before attribution of noncontrolling interests

     413,120        863,960   

Net income attributable to noncontrolling interests

     31,813        25,664   
  

 

 

   

 

 

 

Net income attributable to Mitsubishi UFJ Financial Group

     381,307        838,296   
  

 

 

   

 

 

 

Income allocated to preferred shareholders:

    

Cash dividends paid

     —          8,970   
  

 

 

   

 

 

 

Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group

     381,307        829,326   
  

 

 

   

 

 

 
(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

     27.34        58.55   

Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group

     27.19        58.35   

 

-4-


(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)

   2015     2014  

Net income before attribution of noncontrolling interests

     413,120        863,960   

Other comprehensive income (loss), net of tax:

    

Net unrealized gains (losses) on investment securities

     (360,855     442,705   

Net unrealized gains on derivatives qualifying for cash flow hedges

     2,683        1,538   

Defined benefit plans

     (23,592     15,146   

Foreign currency translation adjustments

     (33,057     2,942   
  

 

 

   

 

 

 

Total

     (414,821     462,331   
  

 

 

   

 

 

 

Comprehensive income (loss)

     (1,701     1,326,291   
  

 

 

   

 

 

 

Net income attributable to noncontrolling interests

     31,813        25,664   

Other comprehensive income attributable to noncontrolling interests

     31,141        12,870   
  

 

 

   

 

 

 

Comprehensive income (loss) attributable to Mitsubishi UFJ Financial Group

     (64,655     1,287,757   
  

 

 

   

 

 

 
Loans (Unaudited)     

(in millions of yen)

   As of
September 30,
2015
    As of
March 31,
2015
 

Impaired loans

     1,562,120        1,686,806   

Other than impaired loans

     119,103,317        116,578,396   
  

 

 

   

 

 

 

Total

     120,665,437        118,265,202   
  

 

 

   

 

 

 
Allowance for credit losses (Unaudited)     

(in millions of yen)

   As of
September 30,
2015
    As of
March  31,
2015
 

Related to impaired loans

     550,504        607,287   

Related to other than impaired loans

     396,842        448,192   
  

 

 

   

 

 

 

Total

     947,346        1,055,479   
  

 

 

   

 

 

 

 

-5-