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 November 2017

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):

 

 

 


THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-209455) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.


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: November 14, 2017

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Zenta Morokawa

Name:   Zenta Morokawa
Title:   Chief Manager, Documentation &
Corporate Secretary Department,
  Corporate Administration Division


LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the six months ended September 30, 2017

November 14, 2017

 

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 & Group CEO   
For inquiry:   

Kazutaka Yoneda, General Manager - Financial Planning Division / Financial Accounting Office

TEL (03) 3240-3110

Quarterly securities report issuing date:    November 29, 2017    Dividend payment date:        December 5, 2017
Trading accounts:                                       Established      
Supplemental information for quarterly financial statements:    Available   
Quarterly investor meeting presentation:    Scheduled (for investors and analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Data for the Six Months ended September 30, 2017

(1) Results of Operations

 

     (% represents the change from the same period in the previous fiscal year)  
           Ordinary Income                 Ordinary Profits                 Profits Attributable to      
Owners of  Parent
 
Six months ended    million yen      %     million yen      %     million yen      %  

September 30, 2017

     3,068,191        10.4       864,020        8.7       626,940        27.8  

September 30, 2016

     2,779,372        (7.1     794,873        (18.0     490,530        (18.2

 

(*) Comprehensive income
     September 30, 2017: 863,593 million yen, - %    ;    September 30, 2016: (231,540) million yen, - %

 

     Basic earnings
per share
     Diluted earnings
per share
 
Six months ended   

yen

    

yen

 

September 30, 2017

     47.00        46.86  

September 30, 2016

     35.93        35.82  

(2) Financial Conditions

 

     Total Assets      Total Net Assets      Equity-to-asset ratio (*)  
As of    million yen      million yen      %  

September 30, 2017

     305,468,828        17,279,375        5.2  

March 31, 2017

     303,297,433        16,658,394        5.0  

(Reference) Shareholders’ equity as of       September 30, 2017: 15,869,893 million yen;      March 31, 2017: 15,280,268 million yen

 

  (*) “Equity-to-asset ratio” is computed under the formula shown below
     (Total net assets - Subscription rights to shares - Non-controlling 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, 2017

     —          9.00        —          9.00        18.00  

ending March 31, 2018

     —          9.00        ——          ——          ——    

ending March 31, 2018 (Forecast)

     ——          ——          —          9.00        18.00  

 

  (*) Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : None

3. Earnings Target for the Fiscal Year ending March 31, 2018 (Consolidated)

MUFG has the target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2018. (There is no change to our earnings target released on May 15, 2017.)

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 profits attributable to owners of parent instead of a forecast of its performance.


ø Notes

 

(1) Changes in significant subsidiaries during the period: No

 

(2) 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

 

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

 

(A)     Total stocks outstanding including treasury stocks:    September 30, 2017      14,027,694,920 shares  
     March 31, 2017      14,168,853,820 shares  
(B)    

Treasury stocks:

   September 30, 2017      737,252,195 shares  
     March 31, 2017      738,910,028 shares  
(C)    

Average outstanding stocks:

   Six months ended September 30, 2017      13,339,150,519 shares  
     Six months ended September 30, 2016      13,652,178,742 shares  

* This “Consolidated Summary Report” (Quarterly “Tanshin”) is outside the scope of the external auditor’s interim audit procedure.

* Notes for using forecasted information etc.

 

1. 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.

 

2. 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. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.


Mitsubishi UFJ Financial Group, Inc.

 

(Appendix)

Contents of Appendix

 

1.      Consolidated Financial Statements and Notes

     2  

(1)    Consolidated Balance Sheets

     2  

(2)    Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

     4  

(3)    Consolidated Statements of Changes in Net Assets

     6  

(4)    Notes on Going-Concern Assumption

     8  

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Six Months Ended September 30, 2017”

 

(*) The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet. Materials distributed for those will be uploaded in our homepage soon after the internet conference or the explanation is held.

 

Internet Conference:   November 14, 2017 (Tuesday)    
Explanation for investors and analysts:   November 21, 2017 (Tuesday)  

 

1


Mitsubishi UFJ Financial Group, Inc.

 

1. Consolidated Financial Statements and Notes

 

(1) Consolidated Balance Sheets

 

(in millions of yen)    As of
    March 31, 2017    
     As of
    September 30, 2017    
 

Assets:

     

Cash and due from banks

     63,525,940        69,634,216  

Call loans and bills bought

     649,147        588,071  

Receivables under resale agreements

     8,066,973        6,556,425  

Receivables under securities borrowing transactions

     11,002,723        9,839,176  

Monetary claims bought

     4,707,868        4,451,918  

Trading assets

     21,046,367        18,789,047  

Money held in trust

     806,881        931,441  

Securities

     59,438,897        59,375,903  

Loans and bills discounted

     109,005,231        108,773,485  

Foreign exchanges

     2,083,530        2,094,201  

Other assets

     11,554,699        12,648,737  

Tangible fixed assets

     1,358,905        1,375,802  

Intangible fixed assets

     1,257,876        1,235,406  

Net defined benefit assets

     601,377        681,155  

Deferred tax assets

     126,231        92,388  

Customers’ liabilities for acceptances and guarantees

     9,022,130        9,243,396  

Allowance for credit losses

     (957,350)        (841,946)  
  

 

 

    

 

 

 

Total assets

     303,297,433        305,468,828  
  

 

 

    

 

 

 

Liabilities:

     

Deposits

     170,730,221        171,821,375  

Negotiable certificates of deposit

     11,341,571        11,761,760  

Call money and bills sold

     1,973,569        2,481,343  

Payables under repurchase agreements

     17,636,962        19,074,709  

Payables under securities lending transactions

     5,538,739        4,786,222  

Commercial papers

     2,307,222        2,730,352  

Trading liabilities

     17,700,617        14,216,919  

Borrowed money

     16,971,085        18,070,574  

Foreign exchanges

     1,970,980        2,037,028  

Short-term bonds payable

     847,999        861,599  

Bonds payable

     9,893,687        10,319,688  

Due to trust accounts

     9,893,881        9,494,282  

Other liabilities

     9,382,992        9,776,173  

Reserve for bonuses

     81,012        68,229  

Reserve for bonuses to directors

     598        270  

Reserve for stocks payment

     10,400        10,552  

Net defined benefit liabilities

     59,045        59,436  

Reserve for retirement benefits to directors

     1,128        942  

Reserve for loyalty award credits

     16,689        18,868  

Reserve for contingent losses

     384,868        362,275  

Reserves under special laws

     4,075        4,016  

Deferred tax liabilities

     745,073        865,944  

Deferred tax liabilities for land revaluation

     124,483        123,487  

Acceptances and guarantees

     9,022,130        9,243,396  
  

 

 

    

 

 

 

Total liabilities

     286,639,039        288,189,453  
  

 

 

    

 

 

 

 

2


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
    March 31, 2017    
     As of
    September 30, 2017    
 

Net assets:

     

Capital stock

     2,141,513        2,141,513  

Capital surplus

     1,412,087        1,313,107  

Retained earnings

     9,278,546        9,785,282  

Treasury stock

     (513,260)        (513,312)  
  

 

 

    

 

 

 

Total shareholders’ equity

     12,318,885        12,726,591  
  

 

 

    

 

 

 

Net unrealized gains (losses) on available-for-sale securities

     2,184,597        2,500,406  

Net deferred gains (losses) on hedging instruments

     125,684        96,698  

Land revaluation excess

     173,723        172,758  

Foreign currency translation adjustments

     558,339        433,186  

Remeasurements of defined benefit plans

     (65,098)        (40,241)  

Debt value adjustments of foreign subsidiaries and affiliates

     (15,863)        (19,507)  
  

 

 

    

 

 

 

Total accumulated other comprehensive income

     2,961,382        3,143,302  
  

 

 

    

 

 

 

Subscription rights to shares

     407        274  

Non-controlling interests

     1,377,719        1,409,207  
  

 

 

    

 

 

 

Total net assets

     16,658,394        17,279,375  
  

 

 

    

 

 

 

Total liabilities and net assets

     303,297,433        305,468,828  
  

 

 

    

 

 

 

 

3


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 six months
ended
      September 30, 2016       
     For the six months
ended
      September 30, 2017       
 

Ordinary income

     2,779,372        3,068,191  

Interest income

     1,352,690        1,533,164  

Interest on loans and bills discounted

     866,315        998,388  

Interest and dividends on securities

     323,017        319,026  

Trust fees

     63,201        58,792  

Fees and commissions

     718,809        744,736  

Trading income

     152,009        157,699  

Other operating income

     224,510        244,724  

Other ordinary income

     268,151        329,074  

Ordinary expenses

     1,984,499        2,204,170  

Interest expenses

     377,622        559,557  

Interest on deposits

     129,594        195,251  

Fees and commissions

     99,321        107,570  

Trading expenses

     1,017        638  

Other operating expenses

     63,867        63,224  

General and administrative expenses

     1,277,017        1,340,012  

Other ordinary expenses

     165,653        133,166  
  

 

 

    

 

 

 

Ordinary profits

     794,873        864,020  
  

 

 

    

 

 

 

Extraordinary gains

     8,410        51,400  

Gains on disposition of fixed assets

     8,215        2,645  

Reversal of reserve for contingent liabilities from financial instruments transactions

     194        59  

Gains on exchange of shares of affiliates

     —          48,695  

Extraordinary losses

     64,842        47,043  

Losses on disposition of fixed assets

     5,087        4,876  

Losses on impairment of fixed assets

     4,069        22,597  

Losses on change in equity

     45,654        19,569  

Losses on liquidation of equity securities of subsidiaries

     5,266        —    

Losses on exchange of shares of affiliates

     4,538        —    

Losses on sales of equity securities of subsidiaries

     226        —    
  

 

 

    

 

 

 

Profits before income taxes

     738,440        868,377  
  

 

 

    

 

 

 

Income taxes-current

     145,032        161,188  

Income taxes-deferred

     33,440        29,380  
  

 

 

    

 

 

 

Total taxes

     178,473        190,568  
  

 

 

    

 

 

 

Profits

     559,967        677,809  
  

 

 

    

 

 

 

Profits attributable to non-controlling interests

     69,436        50,869  
  

 

 

    

 

 

 

Profits attributable to owners of parent

     490,530        626,940  
  

 

 

    

 

 

 

 

4


Mitsubishi UFJ Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

(in millions of yen)    For the six months
ended
      September 30, 2016       
     For the six months
ended
      September 30, 2017       
 

Profits

     559,967        677,809  

Other comprehensive income

     

Net unrealized gains (losses) on available-for-sale securities

     (53,741)        306,405  

Net deferred gains (losses) on hedging instruments

     27,734        (30,315)  

Land revaluation excess

     (15)        (6)  

Foreign currency translation adjustments

     (562,909)        (55,257)  

Remeasurements of defined benefit plans

     29,407        22,840  

Share of other comprehensive income of associates accounted for using equity method

     (231,983)        (57,881)  
  

 

 

    

 

 

 

Total other comprehensive income

     (791,507)        185,784  
  

 

 

    

 

 

 

Comprehensive income

     (231,540)        863,593  
  

 

 

    

 

 

 

(Comprehensive income attributable to)

     

Comprehensive income attributable to owners of parent

     (274,538)        809,817  

Comprehensive income attributable to non-controlling interests

     42,997        53,776  

 

5


Mitsubishi UFJ Financial Group, Inc.

 

(3) Consolidated Statements of Changes in Net Assets

For the six months ended September 30, 2016

 

    (in millions of yen)  
    Shareholders’ equity     Accumulated other comprehensive income  
    Capital stock     Capital surplus     Retained earnings     Treasury stock     Total shareholders’
equity
    Net unrealized gains
(losses) on available-
for-sale securities
    Net deferred gains
(losses) on hedging
instruments
 

Balance at the beginning of the period

    2,141,513       1,425,637       8,587,578       (298,922     11,855,806       2,486,627       337,297  

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates

        8,464         8,464      

Restated balance

    2,141,513       1,425,637       8,596,043       (298,922     11,864,271       2,486,627       337,297  

Changes during the period

             

Cash dividends

        (124,116       (124,116    

Profits attributable to owners of parent

        490,530         490,530      

Repurchase of treasury stock

          (109,752     (109,752    

Disposal of treasury stock

      (1,004       3,136       2,132      

Reversal of land revaluation excess

        2,593         2,593      

Changes in subsidiaries’ equity

      0           0      

Net changes of items other than shareholders’ equity

              (48,853)       27,692  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    —         (1,004     369,007       (106,616     261,387       (48,853)       27,692  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    2,141,513       1,424,633       8,965,050       (405,538     12,125,658       2,437,773       364,989  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    Accumulated other comprehensive income              
  Land
revaluation
excess
    Foreign currency
translation
adjustments
    Remeasurements
of defined
benefit plans
    Debt value
adjustments of
foreign
subsidiaries and
affiliates
    Total
accumulated
other
comprehensive
income
    Subscription
rights to
shares
    Non-
controlling
interests
    Total net assets  

Balance at the beginning of the period

    176,364       791,401       (189,526     —         3,602,163       8,260       1,920,538       17,386,769  

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates

          (8,464     (8,464         —    

Restated balance

    176,364       791,401       (189,526     (8,464     3,593,699       8,260       1,920,538       17,386,769  

Changes during the period

               

Cash dividends

                  (124,116

Profits attributable to owners of parent

                  490,530  

Repurchase of treasury stock

                  (109,752

Disposal of treasury stock

                  2,132  

Reversal of land revaluation excess

                  2,593  

Changes in subsidiaries’ equity

                  0  

Net changes of items other than shareholders’ equity

    (2,609     (782,281     29,157       9,233        (767,662     (1,838     (377,086     (1,146,588
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    (2,609     (782,281     29,157       9,233       (767,662     (1,838     (377,086     (885,201
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    173,754       9,119       (160,369     768       2,826,036       6,421       1,543,451       16,501,568  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

6


Mitsubishi UFJ Financial Group, Inc.

 

For the six months ended September 30, 2017

 

    (in millions of yen)  
    Shareholders’ equity     Accumulated other comprehensive income  
  Capital stock     Capital surplus     Retained earnings     Treasury stock     Total shareholders’
equity
    Net unrealized gains
(losses) on available-
for-sale securities
    Net deferred gains
(losses) on hedging

instruments
 

Balance at the beginning of the period

    2,141,513         1,412,087         9,278,546       (513,260     12,318,885         2,184,597         125,684  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Changes during the period

             

Cash dividends

        (121,160       (121,160    

Profits attributable to owners of parent

        626,940         626,940      

Repurchase of treasury stock

          (100,905     (100,905    

Disposal of treasury stock

      (10       1,901       1,891      

Retirement of treasury stock

      (98,952       98,952       —        

Reversal of land revaluation excess

        957         957      

Changes in subsidiaries’ equity

      (16         (16    

Net changes of items other than shareholders’ equity

              315,808       (28,985
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    —         (98,979     506,736       (51     407,705       315,808       (28,985
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    2,141,513       1,313,107       9,785,282       (513,312     12,726,591       2,500,406       96,698  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    Accumulated other comprehensive income                    
  Land
revaluation
excess
    Foreign currency
translation
adjustments
    Remeasurements
of defined benefit
plans
    Debt value
adjustments of
foreign
subsidiaries and
affiliates
    Total
accumulated
other comprehensive
income
    Subscription
rights to
shares
    Non-
controlling
interests
    Total net assets  

Balance at the beginning of the period

    173,723       558,339       (65,098     (15,863     2,961,382       407       1,377,719       16,658,394  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Changes during the period

               

Cash dividends

                  (121,160

Profits attributable to owners of parent

                  626,940  

Repurchase of treasury stock

                  (100,905

Disposal of treasury stock

                  1,891  

Retirement of treasury stock

                  —    

Reversal of land revaluation excess

                  957  

Changes in subsidiaries’ equity

                  (16

Net changes of items other than shareholders’ equity

    (964     (125,152     24,857       (3,643     181,919       (132     31,488       213,275  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    (964     (125,152     24,857       (3,643     181,919       (132     31,488       620,980  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    172,758       433,186       (40,241     (19,507       3,143,302       274       1,409,207       17,279,375  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

7


Mitsubishi UFJ Financial Group, Inc.

 

(4) Notes on Going-Concern Assumption

None.

 

8


 

 

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

Mitsubishi UFJ Financial Group, Inc.

     LOGO           


Mitsubishi UFJ Financial Group, Inc.

[Contents]

 

1. Financial Results

  

[ MUFG Consolidated ]*1

[ BTMU and MUTB Combined ]*2*3*4

     ——        1  
   [ BTMU Consolidated ][ BTMU Non-consolidated ]      
   [ MUTB Consolidated ][ MUTB Non-consolidated ]      

2. Average Interest Rate Spread

  

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

[ BTMU and MUTB Combined ]

     ——        7  

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

  

[ MUFG Consolidated ][ BTMU Consolidated ]

[ MUTB Consolidated ]

     ——        8  

4. Securities

  

[ MUFG Consolidated ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

     ——        9  

5. ROE

   [ MUFG Consolidated ]      ——        12  

6. Risk-Adjusted Capital Ratio

  

[ MUFG Consolidated ][ BTMU Consolidated ]

[ MUTB Consolidated ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

     ——        13  

7. Risk-Monitored Loans

  

[ MUFG Consolidated ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

[ MUTB Non-consolidated : Trust Account ]

     ——        14  

8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)

  

[ BTMU and MUTB Combined including Trust Account ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

[ MUTB Non-consolidated : Trust Account ]

     ——        18  

9. Progress in Disposition of Problem Assets

  

[ BTMU Non-consolidated ]

[ MUTB Non-consolidated including Trust Account ]

     ——        23  

10. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors

  

[ BTMU and MUTB Combined including Trust Accounts ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

[ MUTB Non-consolidated : Trust Accounts ]

     ——        25  

11. Overseas Loans

   [ BTMU and MUTB Combined ]      ——        29  

12. Loans and Deposits

  

[ BTMU and MUTB Combined ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

     ——        30  

13. Domestic Deposits

  

[ BTMU and MUTB Combined ]

[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

     ——        31  

14. Status of Deferred Tax Assets

   [ BTMU Non-consolidated ][ MUTB Non-consolidated ]      ——        32  

(References)

        

1. Financial Statements

   [ BTMU Non-consolidated ][ MUTB Non-consolidated ]      ——        34  

 

(*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 millions of yen)  
    For the six months ended     Increase  
    September 30, 2017
(A)
    September 30, 2016
(B)
    (Decrease)
(A) - (B)
 

Gross profits

             2,008,140                1,969,410            38,729  

Gross profits before credit costs for trust accounts

    2,008,140       1,969,410       38,730  

Net interest income

    973,621       975,085       (1,463

Trust fees

    58,792       63,201       (4,409

Credit costs for trust accounts (1)

    —         0       (0

Net fees and commissions

    637,165       619,488       17,677  

Net trading profits

    157,061       150,992       6,069  

Net other operating profits

    181,499       160,643       20,856  

Net gains (losses) on debt securities

    84,759       92,678       (7,918

General and administrative expenses

    1,307,356       1,244,009       63,347  

Amortization of goodwill

    8,519       7,427       1,091  

Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill

    709,303       732,828       (23,525

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

    700,783       725,401       (24,617

Provision for general allowance for credit losses (2)

    —         —         —    

Net operating profits*

    700,783       725,401       (24,617

Net non-recurring gains (losses)

    163,236       69,471       93,764  

Credit costs (3)

    (88,757     (108,435     19,677  

Losses on loan write-offs

    (62,965     (59,831     (3,134

Provision for specific allowance for credit losses

    —         —         —    

Other credit costs

    (25,791     (48,603     22,811  

Reversal of allowance for credit losses (4)

    53,575       22,807       30,768  

Reversal of reserve for contingent losses included in credit costs (5)

    —         —         —    

Gains on loans written-off (6)

    38,291       27,993       10,297  

Net gains (losses) on equity securities

    55,015       44,034       10,980  

Gains on sales of equity securities

    65,790       82,635       (16,845

Losses on sales of equity securities

    (9,681     (27,193     17,512  

Losses on write-down of equity securities

    (1,094     (11,407     10,312  

Profits (losses) from investments in affiliates

    135,674       113,940       21,734  

Other non-recurring gains (losses)

    (30,563     (30,868     305  
 

 

 

   

 

 

   

 

 

 

Ordinary profits

    864,020       794,873       69,147  
 

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

    4,357       (56,432     60,790  

Losses on impairment of fixed assets

    (22,597     (4,069     (18,528

Losses on change in equity

    (19,569     (45,654     26,084  

Gains on exchange of shares of affiliates

    48,695       —         48,695  

Profits before income taxes

    868,377       738,440       129,937  

Income taxes-current

    161,188       145,032       16,155  

Income taxes-deferred

    29,380       33,440       (4,059

Total taxes

    190,568       178,473       12,095  

Profits

    677,809       559,967       117,841  

Profits attributable to non-controlling interests

    50,869       69,436       (18,567
 

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

    626,940       490,530       136,409  
 

 

 

   

 

 

   

 

 

 

 

Note:

     

* Net operating profits = Banking subsidiaries’ net operating 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)

                    3,109       (57,634          60,743  

Number of consolidated subsidiaries

    208                           218        (10

Number of affiliated companies accounted for under the equity method

    55       65       (10

 

1


Mitsubishi UFJ Financial Group, Inc.

 

BTMU and MUTB Combined

 

    (in millions of yen)  
    For the six months ended     Increase  
    September 30, 2017
(A)
    September 30, 2016
(B)
    (Decrease)
(A) - (B)
 

Gross profits

             1,109,563                1,164,706       (55,143

Gross profits before credit costs for trust accounts

    1,109,563       1,164,706       (55,143

Domestic gross profits

    645,251       637,483              7,768  

Net interest income

    340,632       352,383       (11,750

Trust fees

    45,789       49,897       (4,108

Credit costs for trust accounts (1)

    —         0       (0

Net fees and commissions

    172,828       183,973       (11,145

Net trading profits

    (4,375     17,579       (21,954

Net other operating profits

    90,375       33,648       56,726  

Net gains (losses) on debt securities

    77,883       33,854       44,028  

Non-domestic gross profits

    464,311       527,223       (62,912

Net interest income

    251,751       273,338       (21,587

Net fees and commissions

    99,522       94,849       4,672  

Net trading profits

    48,058       79,124       (31,066

Net other operating profits

    64,979       79,910       (14,931

Net gains (losses) on debt securities

    7,598       52,611       (45,012

General and administrative expenses

    667,278       654,826       12,452  

Personnel expenses

    241,786       237,980       3,806  

Non-personnel expenses

    390,000       380,961       9,039  

Taxes

    35,491       35,884       (393

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

    442,284       509,880       (67,596

Provision for general allowance for credit losses (2)

    —         —         —    

Net operating profits

    442,284       509,880       (67,596

Net non-recurring gains (losses)

    91,217       5,874       85,342  

Credit costs (3)

    (39,689     (64,663     24,974  

Losses on loan write-offs

    (13,652     (16,144     2,491  

Provision for specific allowance for credit losses

    —         —         —    

Other credit costs

    (26,036     (48,518     22,482  

Reversal of allowance for credit losses (4)

    90,732       52,591       38,141  

Reversal of reserve for contingent losses included in credit costs (5)

    —         103       (103

Gains on loans written-off (6)

    13,708       8,978       4,730  

Net gains (losses) on equity securities

    50,638       36,938       13,699  

Gains on sales of equity securities

    61,704       76,533       (14,828

Losses on sales of equity securities

    (10,635     (28,226     17,591  

Losses on write-down of equity securities

    (431     (11,368     10,936  

Other non-recurring gains (losses)

    (24,173     (28,073     3,900  
 

 

 

   

 

 

   

 

 

 

Ordinary profits

    533,501       515,754       17,746  
 

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

    38,792       (3,830     42,623  

Net gains (losses) on disposition of fixed assets

    (2,861     3,909       (6,771

Losses on impairment of fixed assets

    (11,157     (1,611     (9,545

Losses on liquidation of equity securities of subsidiaries

    —         (7,941     7,941  

Gains on sales of equity securities of subsidiaries

    —         2,600       (2,600

Gains on exchange of shares of affiliates

    52,811       —         52,811  

Income before income taxes

    572,294       511,924       60,369  

Income taxes-current

    136,554       123,675       12,878  

Income taxes-deferred

    15,379       (10,523     25,902  

Total taxes

    151,933       113,152       38,781  
 

 

 

   

 

 

   

 

 

 

Net income

    420,360       398,772         21,588  
 

 

 

   

 

 

   

 

 

 

(Reference)

     

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

    64,752       (2,990     67,742  

 

2


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Consolidated

 

    (in millions of yen)  
    For the six months ended     Increase
(Decrease)
(A) - (B)
 
    September 30, 2017
(A)
    September 30, 2016
(B)
   

Gross profits

             1,361,131                1,374,053       (12,922

Net interest income

    808,891       833,575       (24,683

Trust fees

    6,625       6,293       331  

Net fees and commissions

    338,395       331,626                  6,768  

Net trading profits

    37,207       78,969       (41,761

Net other operating profits

    170,011       123,588       46,422  

Net gains (losses) on debt securities

    73,919       77,362       (3,442

General and administrative expenses

    885,653       820,861       64,792  

Amortization of goodwill

    7,839       6,890       949  

Net operating profits before provision for general allowance for credit losses and amortization of goodwill

    483,317       560,082       (76,765

Net operating profits before provision for general allowance for credit losses

    475,477       553,192       (77,714

Provision for general allowance for credit losses (1)

    —         —         —    

Net operating profits*

    475,477       553,192       (77,714

Net non-recurring gains (losses)

    73,735       (18,718     92,453  

Credit costs (2)

    (45,897     (79,016     33,119  

Losses on loan write-offs

    (27,712     (30,387     2,674  

Provision for specific allowance for credit losses

    —         —         —    

Other credit costs

    (18,184     (48,629     30,445  

Reversal of allowance for credit losses (3)

    57,887       31,175       26,711  

Reversal of reserve for contingent losses included in credit costs (4)

    —         —         —    

Gains on loans written-off (5)

    28,003       17,544       10,458  

Net gains (losses) on equity securities

    40,169       23,686       16,482  

Gains on sales of equity securities

    50,322       62,226       (11,904

Losses on sales of equity securities

    (9,311     (27,776     18,465  

Losses on write-down of equity securities

    (841     (10,762     9,920  

Profits (losses) from investments in affiliates

    18,251       9,997       8,253  

Other non-recurring gains (losses)

    (24,678     (22,106     (2,571
 

 

 

   

 

 

   

 

 

 

Ordinary profits

    549,213       534,474       14,739  
 

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

    (9,635     (5,125     (4,510

Net gains (losses) on disposition of fixed assets

    (1,538     4,947       (6,486

Losses on impairment of fixed assets

    (8,097     (2,601     (5,495

Losses on liquidation of equity securities of subsidiaries

    —         (3,236     3,236  

Losses on exchange of shares of affiliates

    —         (4,007     4,007  

Profits before income taxes

    539,577       529,349       10,228  

Income taxes-current

    104,508       106,324       (1,815

Income taxes-deferred

    38,356       17,442       20,913  

Total taxes

    142,865       123,767       19,097  

Profits

    396,712       405,581       (8,869

Profits attributable to non-controlling interests

    20,689       30,736       (10,047
 

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

    376,022       374,844       1,178  
 

 

 

   

 

 

   

 

 

 

 

Note:

     

* Net operating profits = Net operating profits of BTMU + 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)

                  39,993       (30,296              70,290  

Number of consolidated subsidiaries

    125                          128       (3

Number of affiliated companies accounted for under the equity method

    48       57       (9

 

3


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

 

    (in millions of yen)  
 

 

 

 
    For the six months ended    

Increase

(Decrease)
(A) - (B)

 
 

 

 

   
    September 30, 2017
(A)
    September 30, 2016
(B)
   
 

 

 

   

 

 

   

 

 

 

Gross profits

                905,893                   972,318       (66,425

Domestic gross profits

    509,406       491,111       18,294  

Net interest income

    294,140       312,320       (18,180

Net fees and commissions

    122,763       135,450       (12,687

Net trading profits

    (1,096     12,992       (14,088

Net other operating profits

    93,599       30,348       63,250  

Net gains (losses) on debt securities

    74,344       28,414       45,930  

Non-domestic gross profits

    396,486       481,207       (84,720

Net interest income

    206,995       244,394       (37,399

Net fees and commissions

    96,364       93,323                  3,040  

Net trading profits

    34,412       76,464       (42,052

Net other operating profits

    58,714       67,024       (8,310

Net gains (losses) on debt securities

    626       43,539       (42,912

General and administrative expenses

    567,964       555,226       12,737  

Personnel expenses

    205,323       199,442       5,881  

Non-personnel expenses

    333,478       325,411       8,067  

Amortization of goodwill

    183       164       19  

Taxes

    29,162       30,373       (1,210

Net operating profits before provision for general allowance for credit losses and amortization of goodwill

    338,111       417,256       (79,144

Net operating profits before provision for general allowance for credit losses

    337,928       417,092       (79,163

Provision for general allowance for credit losses (1)

    —         —         —    

Net operating profits

    337,928       417,092       (79,163

Net non-recurring gains (losses)

    73,890       (6,853     80,743  

Credit costs (2)

    (31,980     (64,280     32,299  

Reversal of allowance for credit losses (3)

    77,697       50,973       26,723  

Reversal of reserve for contingent losses included in credit costs (4)

    —         —         —    

Gains on loans written-off (5)

    13,203       8,574       4,628  

Net gains (losses) on equity securities

    38,837       23,471       15,366  

Gains on sales of equity securities

    48,044       61,342       (13,297

Losses on sales of equity securities

    (8,989     (27,401     18,411  

Losses on write-down of equity securities

    (217     (10,469     10,251  

Other non-recurring gains (losses)

    (23,867     (25,592     1,725  
 

 

 

   

 

 

   

 

 

 

Ordinary profits

    411,819       410,239       1,579  
 

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

    (10,232     1,725       (11,958

Net gains (losses) on disposition of fixed assets

    (2,433     5,034       (7,468

Losses on impairment of fixed assets

    (7,798     (271     (7,527

Losses on liquidation of equity securities of subsidiaries

    —         (4,850     4,850  

Gain on sales of equity securities of subsidiaries

    —         2,600       (2,600

Income before income taxes

    401,586       411,964       (10,378

Income taxes-current

    94,380       98,189       (3,808

Income taxes-deferred

    12,941       (9,268     22,209  

Total taxes

    107,322       88,921       18,400  
 

 

 

   

 

 

   

 

 

 

Net income

    294,264       323,043       (28,779
 

 

 

   

 

 

   

 

 

 

(Reference)

     

Total credit costs (1)+(2)+(3)+(4)+(5)

    58,920       (4,731     63,652  

Provision for general allowance for credit losses

    88,698       (115,341     204,039  

Provision for special allowance for credit losses

    (10,693     166,353       (177,047

Allowance for credit to specific foreign borrowers

    (306     (38     (268

Losses on loans write-off

    (13,641     (15,802     2,161  

Provision for contingent losses included in credit costs

    (11,961     (48,058     36,097  

Gains on loans written-off

    13,203       8,574       4,628  

Losses on sales of other loans, etc.

    (6,377     (419     (5,958

 

4


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Consolidated

 

    (in millions of yen)  
    For the six months ended     Increase
(Decrease)
(A) - (B)
 
    September 30, 2017
(A)
    September 30, 2016
(B)
   

Gross profits

                249,151                   232,909                16,242  

Gross profits before credit costs for trust accounts

    249,151       232,909       16,242  

Trust fees

    52,269       57,046       (4,776

Trust fees before credit costs for trust accounts

    52,269       57,045       (4,776

Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)

    6,284       14,556       (8,271

Other trust fees

    45,985       42,489       3,495  

Credit costs for trust accounts (1)

    —         0       (0

Net interest income

    73,392       50,915       22,476  

Net fees and commissions

    104,437       96,899       7,538  

Net trading profits

    12,972       9,735       3,236  

Net other operating profits

    6,079       18,313       (12,233

Net gains (losses) on debt securities

    10,511       14,478       (3,967

General and administrative expenses

    147,030       141,670       5,359  

Amortization of goodwill

    677       535       141  

Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill

    102,799       91,774       11,024  

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

    102,121       91,238       10,882  

Provision for general allowance for credit losses (2)

    —         —         —    

Net operating profits*

    102,121       91,238       10,882  

Net non-recurring gains (losses)

    18,639       14,309       4,330  

Credit costs (3)

    (7,755     (403     (7,352

Losses on loan write-offs

    (49     (362     313  

Provision for specific allowance for credit losses

    —         —         —    

Other credit costs

    (7,706     (40     (7,665

Reversal of allowance for credit losses (4)

    13,049       1,647       11,401  

Reversal of reserve for contingent losses included in credit costs (5)

    —         103       (103

Gains on loans written-off (6)

    526       458       68  

Net gains (losses) on equity securities

    11,800       13,466       (1,666

Gains on sales of equity securities

    13,660       15,191       (1,531

Losses on sales of equity securities

    (1,645     (825     (819

Losses on write-down of equity securities

    (214     (899     684  

Profits (losses) from investments in affiliates

    3,444       2,391       1,053  

Other non-recurring gains (losses)

    (2,426     (3,355     929  
 

 

 

   

 

 

   

 

 

 

Ordinary profits

    120,760       105,547       15,212  
 

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

    33,776       (5,247     39,023  

Net gains (losses) on disposition of fixed assets

    (436     (1,134     698  

Losses on impairment of fixed assets

    (14,483     (1,339     (13,143

Gains on exchange of shares of affiliates

    48,695       —         48,695  

Losses on liquidation of equity securities of subsidiaries

    —         (2,773     2,773  

Profits before income taxes

    154,536       100,300       54,236  

Income taxes-current

    47,228       31,204       16,023  

Income taxes-deferred

    970       (1,965     2,935  

Total taxes

    48,199       29,239       18,959  

Profits

    106,337       71,060       35,276  

Profits attributable to non-controlling interests

    4,960       5,620       (660
 

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

    101,376       65,439       35,937  
 

 

 

   

 

 

   

 

 

 

 

Note:

     

* Net operating profits = Net operating profits of MUTB + 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)

                    5,819                       1,806                  4,013  

Number of consolidated subsidiaries

    49        52        (3

Number of affiliated companies accounted for under the equity method

    8       13       (5

MUTB Consolidated(combined operating results of MUTB and transferred entities to Intermediate Holding Company in the United States) In July 2016 and July 2017, to comply with the financial regulations in the United States, MUTB transferred the interests in its subsidiaries in the United States to the Intermediate Holding Company(“IHC”) in United States which are owned by BTMU and MUFG.

The combined operating results of MUTB and transferred entities are as follows(the operating results of transferred entities are prepared for managerial accounting purpose):

 

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

                102,156                     91,238                10,917  

Profits attributable to owners of parent

    101,397       65,439       35,958  

Number of the entities transferred to IHC

    3        1        2   

 

5


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

    (in millions of yen)  
 

 

 

 
    For the six months ended    

Increase

(Decrease)
(A) - (B)

 
 

 

 

   
    September 30, 2017
(A)
    September 30, 2016
(B)
   
 

 

 

   

 

 

   

 

 

 

Gross profits

                203,670                   192,388                11,282  

Gross profits before credit costs for trust accounts

    203,670       192,387       11,282  

Domestic gross profits

    135,844       146,371       (10,526

Trust fees

    45,789       49,897       (4,108

Trust fees before credit costs for trust accounts

    45,789       49,897       (4,107

Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)

    6,284       14,556       (8,271

Other trust fees

    39,505       35,341       4,164  

Credit costs for trust accounts (1)

    —         0       (0

Net interest income

    46,492       40,062       6,429  

Net fees and commissions

    50,064       48,522       1,541  

Net trading profits

    (3,278     4,587       (7,865

Net other operating profits

    (3,223     3,300       (6,524

Net gains (losses) on debt securities

    3,539       5,440       (1,901

Non-domestic gross profits

    67,825       46,016       21,808  

Net interest income

    44,755       28,943       15,811  

Net fees and commissions

    3,158       1,526       1,632  

Net trading profits

    13,645       2,659       10,986  

Net other operating profits

    6,264       12,886       (6,621

Net gains (losses) on debt securities

    6,972       9,072       (2,099

General and administrative expenses

    99,314       99,599       (285

Personnel expenses

    36,463       38,538       (2,075

Non-personnel expenses

    56,522       55,550       972  

Taxes

    6,328       5,511       817  

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

    104,355       92,788       11,567  

Provision for general allowance for credit losses (2)

    —         —         —    

Net operating profits

    104,355       92,788       11,567  

Net non-recurring gains (losses)

    17,326       12,727       4,599  

Credit costs (3)

    (7,708     (383     (7,325

Reversal of allowance for credit losses (4)

    13,035       1,617       11,417  

Reversal of reserve for contingent losses included in credit costs (5)

    —         103       (103

Gains on loans written-off (6)

    505       403       102  

Net gains (losses) on equity securities

    11,800       13,466       (1,666

Gains on sales of equity securities

    13,660       15,191       (1,531

Losses on sales of equity securities

    (1,645     (825     (819

Losses on write-down of equity securities

    (214     (899     684  

Other non-recurring gains (losses)

    (305     (2,480     2,174  
 

 

 

   

 

 

   

 

 

 

Ordinary profits

    121,682       105,515       16,166  
 

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

    49,025       (5,556     54,581  

Net gains (losses) on disposition of fixed assets

    (428     (1,124     696  

Losses on impairment of fixed assets

    (3,358     (1,339     (2,018

Gains on exchange of shares of affiliates

    52,811       —         52,811  

Losses on liquidation of equity securities of subsidiaries

    —         (3,091     3,091  

Income before income taxes

    170,707       99,959       70,748  

Income taxes-current

    42,173       25,485       16,687  

Income taxes-deferred

    2,437       (1,255     3,692  

Total taxes

    44,611       24,230       20,380  
 

 

 

   

 

 

   

 

 

 

Net income

    126,096       75,728       50,367  
 

 

 

   

 

 

   

 

 

 

(Reference)

     

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

    5,832       1,741       4,090  

Credit costs for trust accounts

    —         0       (0

Provision for general allowance for credit losses

    16,708       (6,729     23,438  

Provision for special allowance for credit losses

    (3,673     8,349       (12,022

Allowance for credit to specific foreign borrowers

    0       (1     2  

Losses on loans write-offs

    (11     (342     330  

Provision for contingent losses included in credit costs

    (7,697     103       (7,800

Gains on loans written-off

    505       403       102  

Losses on sales of other loans, etc.

    —         (40     40  

 

6


Mitsubishi UFJ Financial Group, Inc.

 

2. Average Interest Rate Spread

BTMU Non-consolidated

 

     (percentage per annum)  
(Domestic business segment)    For the six months
ended
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    For the six months
ended
September 30, 2016
(B)
 

Total average interest rate on interest-earning assets (a)

     0.54       (0.02     0.57  

Average interest rate on loans and bills discounted (b)

     0.88       0.01       0.87  

Average interest rate on securities

     0.71       0.01       0.70  

Total average interest rate on interest-bearing liabilities (c)

<including general and administrative expenses>

     0.56       (0.06     0.62  

Average interest rate on deposits and NCD (d)

     0.00       (0.00     0.01  

Average interest rate on other liabilities

     0.19       (0.09     0.29  

Overall interest rate spread (a)-(c)

     (0.01     0.03       (0.05

Interest rate spread (b)-(d)

     0.88       0.02       0.86  

(After excluding loans to the Japanese government and governmental organizations)

      

Average interest rate on loans and bills discounted (e)

     0.95       (0.05     1.00  

Interest rate spread (e)-(d)

     0.94       (0.04     0.99  
MUTB Non-consolidated       
     (percentage per annum)  
(Domestic business segment)    For the six months
ended
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    For the six months
ended
September 30, 2016
(B)
 

Total average interest rate on interest-earning assets (a)

     0.54       0.03       0.51  

Average interest rate on loans and bills discounted (b)

     0.46       (0.06     0.52  

Average interest rate on securities

     1.19       0.33       0.85  

Total average interest rate on interest-bearing liabilities (c)

     0.09       (0.06     0.15  

Average interest rate on deposits and NCD (d)

     0.07       (0.02     0.09  

Overall interest rate spread (a)-(c)

     0.45       0.10       0.35  

Interest rate spread (b)-(d)

     0.39       (0.03     0.42  

(After excluding loans to the Japanese government and governmental organizations)

      

Average interest rate on loans and bills discounted (e)

     0.50       (0.05     0.55  

Interest rate spread (e)-(d)

     0.43       (0.02     0.46  
BTMU and MUTB Combined       
     (percentage per annum)  
(Domestic business segment)    For the six months
ended
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    For the six months
ended
September 30, 2016
(B)
 

Average interest rate on loans and bills discounted (a)

     0.81       (0.00     0.81  

Average interest rate on deposits and NCD (b)

     0.01       (0.00     0.02  

Interest rate spread (a)-(b)

     0.79       0.00       0.79  

(After excluding loans to the Japanese government and governmental organizations)

      

Average interest rate on loans and bills discounted (c)

     0.87       (0.05     0.92  

Interest rate spread (c)-(b)

     0.85       (0.04     0.90  

 

7


Mitsubishi UFJ Financial Group, Inc.

 

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

MUFG Consolidated

 

     (in billions of yen)  
     As of September 30, 2017  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     1,059.9        6,966.7        14,253.7        22,280.5  

Receive-floater/pay-fix

     1,097.4        7,396.0        2,948.9        11,442.4  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     2,157.4        14,362.8        17,202.6        33,722.9  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

BTMU Consolidated

 

           
     (in billions of yen)  
     As of September 30, 2017  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     959.9        5,292.1        13,952.7        20,204.9  

Receive-floater/pay-fix

     575.9        5,308.0        1,120.8        7,004.8  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,535.9        10,600.2        15,073.5        27,209.7  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

MUTB Consolidated

 

           
     (in billions of yen)  
     As of September 30, 2017  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     100.0        1,674.6        300.9        2,075.6  

Receive-floater/pay-fix

     520.3        2,068.8        1,783.1        4,372.3  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     620.3        3,743.4        2,084.1        6,447.9  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

8


Mitsubishi UFJ Financial Group, Inc.

 

4. 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”.

Fair Value Information on Securities

 

     (in millions of yen)  
     As of September 30, 2017      As of March 31, 2017  
     Amount on
consolidated
balance sheet
     Differences      Gains      Losses      Amount on
consolidated
balance sheet
     Differences     Gains      Losses  

Debt securities being held to maturity

     3,255,872        47,121        56,527        9,406        3,560,825        50,325       62,484        12,158  

Domestic bonds

     1,100,891        40,268        40,268        —          1,100,955        43,114       43,114        —    

Government bonds

     1,100,891        40,268        40,268        —          1,100,955        43,114       43,114        —    

Municipal bonds

     —          —          —          —          —          —         —          —    

Corporate bonds

     —          —          —          —          —          —         —          —    

Other

     2,154,981        6,853        16,259        9,406        2,459,870        7,211       19,369        12,158  

Foreign bonds

     1,186,272        1,049        10,377        9,327        1,212,321        (1,719     10,253        11,973  

Other

     968,708        5,803        5,882        78        1,247,549        8,930       9,115        185  
     (in millions of yen)  
     As of September 30, 2017      As of March 31, 2017  
     Amount on
consolidated
balance sheet
     Differences      Gains      Losses      Amount on
consolidated
balance sheet
     Differences     Gains      Losses  

Available-for-sale securities

     54,768,296        3,621,568        3,856,599        235,030        54,813,148        3,139,063       3,433,950        294,887  

Domestic equity securities

     5,571,774        3,111,663          3,144,781        33,117        5,164,653        2,635,191       2,686,496        51,305  

Domestic bonds

     24,634,741        288,571        302,186        13,614        27,688,842        399,130       411,190        12,060  

Government bonds

     20,575,681        246,202        250,124        3,922        24,010,611        351,011       353,046        2,034  

Municipal bonds

     1,250,611        2,049        6,912        4,862        1,009,875        3,468       7,913        4,444  

Corporate bonds

     2,808,448        40,319        45,148        4,829        2,668,355        44,650       50,231        5,581  

Other

     24,561,780        221,333        409,631           188,298        21,959,652        104,742       336,263        231,521  

Foreign equity securities

     246,892        79,798        79,994        196        182,802        49,875       59,492        9,616  

Foreign bonds

     20,441,000        36,164        154,527        118,363        17,917,306        (8,487     154,280           162,768  

Other

     3,873,887        105,370        175,109        69,738        3,859,542        63,353       122,489        59,136  

 

9


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”.

Fair Value Information on Securities

 

     (in millions of yen)  
     As of September 30, 2017      As of March 31, 2017  
     Amount on
balance sheet
     Differences     Gains      Losses      Amount on
balance sheet
     Differences     Gains      Losses  

Debt securities being held to maturity

     2,016,960        45,933       46,011        78        2,348,504        52,045       52,230        185  

Stocks of subsidiaries and affiliates

     932,607        16,741       39,903        23,161        932,607        (8,940     41,986        50,927  
     (in millions of yen)  
     As of September 30, 2017      As of March 31, 2017  
     Amount on
balance sheet
     Differences     Gains      Losses      Amount on
balance sheet
     Differences     Gains      Losses  

Available-for-sale securities

     36,432,686        2,735,671       2,852,630        116,958        37,723,034        2,347,803       2,535,654        187,850  

Domestic equity securities

     4,522,200        2,419,989       2,454,746        34,757        4,173,471        2,016,280       2,070,538        54,257  

Domestic bonds

     20,814,939        254,831       265,935        11,103        23,390,925        354,591       363,976        9,385  

Other

     11,095,546        60,850       131,948        71,097        10,158,637        (23,069     101,139        124,208  

Foreign equity securities

     122,431        64,543       65,488        944        170,335        44,257       54,416        10,158  

Foreign bonds

     8,981,987        (9,140     37,061        46,202        7,853,982        (35,584     38,534        74,118  

Other

     1,991,127        5,447       29,398        23,950        2,134,319        (31,742     8,188        39,931  

 

Redemption schedule of available-for-sale securities with maturities and debt securities being held to maturity

 

 

     (in millions of yen)  
     As of September 30, 2017      As of March 31, 2017  
     within
1 year
     1 year to
5 years
    5 years to
10 years
     over
10 years
     within
1 year
     1 year to
5 years
    5 years to
10 years
     over
10 years
 

Domestic bonds

     10,688,482        4,440,986         4,391,918        2,394,443        13,027,854        4,251,676       4,320,651        2,891,699  

Government bonds

     10,509,250        3,606,078       2,533,369        1,429,939        12,877,083        3,503,258       2,747,703        1,913,228  

Municipal bonds

     61,048        164,368       1,024,916        208        42,038        115,711       851,777        260  

Corporate bonds

     118,183        670,538       833,632        964,295        108,733        632,706       721,169        978,210  

Other

     1,893,334        1,570,542       3,141,924        3,720,723        1,660,584        2,392,988       2,059,040        3,489,562  

Foreign bonds

     1,604,345        1,471,475       2,571,832        3,311,218        1,396,678        2,204,469       1,106,191        3,128,455  

Other

     288,988        99,066       570,091        409,505        263,905        188,519       952,848        361,106  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Total

     12,581,816        6,011,528       7,533,842        6,115,167        14,688,438        6,644,664       6,379,691        6,381,261  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

 

10


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

The tables include beneficiary rights to the trust in “Monetary claims bought” in addition to “Securities”.

Fair Value Information on Securities

 

     (in millions of yen)  
     As of September 30, 2017      As of March 31, 2017  
     Amount on
balance sheet
     Differences      Gains      Losses      Amount on
balance sheet
     Differences      Gains      Losses  

Debt securities being held to maturity

     3,710        103        103        —          —          —          —          —    

Stocks of subsidiaries and affiliates

     6,722        235        235        —          52,328        33,443        33,512        69  
     (in millions of yen)  
     As of September 30, 2017      As of March 31, 2017  
     Amount on
balance sheet
     Differences      Gains      Losses      Amount on
balance sheet
     Differences      Gains      Losses  

Available-for-sale securities

     14,502,676        839,839        921,472        81,633        13,508,608        752,569        818,235        65,665  

Domestic equity securities

     1,098,531        628,659        631,326        2,667        1,036,997        551,360        557,456        6,095  

Domestic bonds

     3,893,150        32,922        35,530        2,607        4,369,116        43,958        46,724        2,765  

Other

     9,510,994        178,257        254,615        76,357        8,102,494        157,250        214,054        56,804  

Foreign equity securities

     111,464        9,010        9,010        —          61        36        36        —    

Foreign bonds

     7,945,444        73,033        104,988        31,954        6,792,918        64,280        104,484        40,204  

Other

     1,454,085        96,213        140,617        44,403        1,309,514        92,933        109,533        16,599  

Redemption schedule of available-for-sale securities with maturities and debt securities being held to maturity

 

 

     (in millions of yen)  
     As of September 30, 2017      As of March 31, 2017  
     within
1 year
     1 year to
5 years
     5 years to
10 years
     over
10 years
     within
1 year
     1 year to
5 years
     5 years to
10 years
     over
10 years
 

Domestic bonds

     993,457        2,577,287        64,979        257,426        1,040,874        2,996,704        109,236        222,301  

Government bonds

     948,116        2,459,334        20,164        233,644        993,710        2,875,475        50,657        211,628  

Municipal bonds

     35        —          9        23        —          53        5        29  

Corporate bonds

     45,305        117,953        44,806        23,758        47,164        121,176        58,574        10,642  

Other

     502,785        2,934,735          2,919,219        2,240,720        386,827        2,630,231        2,708,421        1,620,210  

Foreign bonds

     459,076        2,479,318        2,769,736        2,237,312        386,642        2,177,646        2,608,448        1,620,180  

Other

     43,708        455,417        149,482        3,408        184        452,585        99,973        29  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,496,242        5,512,023        2,984,198        2,498,146        1,427,702        5,626,936        2,817,657        1,842,511  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

11


Mitsubishi UFJ Financial Group, Inc.

 

5. ROE

MUFG Consolidated

 

     (%)  
     For the six months
ended
September 30, 2017
(A)
     Increase
(Decrease)
(A) - (B)
     For the six months
ended
September 30, 2016
(B)
 

ROE

     9.63        1.71        7.91  

Note:

ROE is computed as follows:

 

Profits attributable to owners of parent × 2

     ×100  

{(Total shareholders’ equity at the beginning of the period + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period + Foreign currency translation adjustments at the end of the period)} / 2

  

 

12


Mitsubishi UFJ Financial Group, Inc.

 

6. Risk-Adjusted Capital Ratio

MUFG Consolidated

 

     (in billions of yen)  
     As of
September 30, 2017
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

(1) Total capital ratio (4)/(7)

     16.33     0.47     15.85

(2) Tier 1 capital ratio (5)/(7)

     13.72     0.36     13.36

(3) Common Equity Tier 1 capital ratio (6)/(7)

     12.14     0.38     11.76

(4) Total capital

     18,797.3       721.2       18,076.1  

(5) Tier 1 capital

     15,794.3       561.9       15,232.4  

(6) Common Equity Tier 1 capital

     13,979.4       565.5       13,413.8  

(7) Risk weighted assets

     115,068.8       1,082.4       113,986.3  

(8) Required Capital (7)×8%

     9,205.5       86.5       9,118.9  
BTMU Consolidated       
     (in billions of yen)  
     As of
September 30, 2017
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

(1) Total capital ratio (4)/(7)

     15.84     0.56     15.28

(2) Tier 1 capital ratio (5)/(7)

     13.10     0.40     12.70

(3) Common Equity Tier 1 capital ratio (6)/(7)

     11.55     0.40     11.14

(4) Total capital

     14,470.1       416.7       14,053.4  

(5) Tier 1 capital

     11,970.3       289.6       11,680.7  

(6) Common Equity Tier 1 capital

     10,547.9       302.1       10,245.8  

(7) Risk weighted assets

     91,318.6       (641.3     91,960.0  

(8) Required Capital (7)×8%

     7,305.4       (51.3     7,356.8  
MUTB Consolidated       
     (in billions of yen)  
     As of
September 30, 2017
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

(1) Total capital ratio (4)/(7)

     20.55     0.74     19.80

(2) Tier 1 capital ratio (5)/(7)

     17.28     0.33     16.94

(3) Common Equity Tier 1 capital ratio (6)/(7)

     16.10     0.23     15.87

(4) Total capital

     2,591.1       184.5       2,406.5  

(5) Tier 1 capital

     2,178.2       119.8       2,058.4  

(6) Common Equity Tier 1 capital

     2,030.3       101.4       1,928.9  

(7) Risk weighted assets

     12,604.2       455.0       12,149.1  

(8) Required Capital (7)×8%

     1,008.3       36.4       971.9  
BTMU Non-consolidated       
     (in billions of yen)  
     As of
September 30, 2017
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

(1) Total capital ratio (4)/(7)

     17.03     0.33     16.70

(2) Tier 1 capital ratio (5)/(7)

     14.07     0.19     13.88

(3) Common Equity Tier 1 capital ratio (6)/(7)

     12.25     0.21     12.04

(4) Total capital

     13,206.2       382.8       12,823.3  

(5) Tier 1 capital

     10,910.4       254.9       10,655.5  

(6) Common Equity Tier 1 capital

     9,502.6       254.9       9,247.7  

(7) Risk weighted assets

     77,510.7       753.1       76,757.5  

(8) Required Capital (7)×8%

     6,200.8       60.2       6,140.6  
MUTB Non-consolidated       
     (in billions of yen)  
     As of
September 30, 2017
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

(1) Total capital ratio (4)/(7)

     20.56     0.07     20.48

(2) Tier 1 capital ratio (5)/(7)

     17.25     (0.19 )%      17.45

(3) Common Equity Tier 1 capital ratio (6)/(7)

     16.11     (0.24 )%      16.35

(4) Total capital

     2,577.2       150.7       2,426.4  

(5) Tier 1 capital

     2,163.0       96.0       2,067.0  

(6) Common Equity Tier 1 capital

     2,019.4       81.8       1,937.5  

(7) Risk weighted assets

     12,533.4       688.5       11,844.8  

(8) Required Capital (7)×8%

     1,002.6       55.0       947.5  

 

Note: Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.
  Risk-adjusted capital ratio of BTMU and MUTB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

 

13


Mitsubishi UFJ Financial Group, Inc.

 

7. Risk-Monitored Loans

MUFG Consolidated

 

(1)    Risk-Monitored Loans

 

     

       
    (in millions of yen)  
    As of
September 30, 2017
(A)
    % to total
loans
and bills
discounted
    As of
March 31, 2017
(B)
    % to total
loans
and bills
discounted
    Increase
(Decrease)
(A) - (B)
    % to total
loans
and bills
discounted
 

Loans to bankrupt borrowers

    55,072       0.05     46,498       0.04     8,573       0.00

Non-accrual delinquent loans

    667,521       0.61     738,103       0.67     (70,582     (0.06 )% 

Accruing loans contractually past due 3 months or more

    40,085       0.03     46,301       0.04     (6,216     (0.00 )% 

Restructured loans

    617,324       0.56     708,354       0.64     (91,030     (0.08 )% 
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total risk monitored loans

    1,380,003       1.26     1,539,258       1.41     (159,255     (0.14 )% 
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total loans and bills discounted

    108,773,485       ——         109,005,231       ——         (231,746     ——    

Written-off

    381,288       ——         377,463       ——         3,825       ——    

 

(2)    Allowance for Credit Losses

 

     

    (in millions of yen)  
    As of
September 30, 2017
(A)
    % to total
risk
monitored
loans
    As of
March 31, 2017
(B)
    % to total
risk
monitored
loans
    Increase
(Decrease)
(A) - (B)
    % to total
risk
monitored
loans
 

Allowance for credit losses

    841,946       61.01     957,350       62.19     (115,404     (1.18 )% 

General allowance for credit losses

    640,604       ——         743,895       ——         (103,291     ——    

Specific allowance for credit losses

    200,646       ——         213,065       ——         (12,418     ——    

Allowance for credit to specific foreign borrowers

    694       ——         388       ——         306       ——    

 

(3)    Classification of Risk-Monitored Loans

     

       

Classified by Geographic Area

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     965,163        1,064,741        (99,578

Overseas

     414,839        474,516        (59,676

Asia

     151,129        142,367        8,761  

Indonesia

     7,202        5,946        1,256  

Singapore

     12,518        14,558        (2,040

Thailand

     115,665        106,546        9,119  

Hong Kong

     215        215        (0

Other

     15,526        15,099        426  

Americas

     172,196        216,085        (43,888

Europe, Middle East and Other

     91,513        116,064        (24,550
  

 

 

    

 

 

    

 

 

 

Total

     1,380,003        1,539,258        (159,255
  

 

 

    

 

 

    

 

 

 

Classified by Industry

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     965,163        1,064,741        (99,578

Manufacturing

     348,014        425,381        (77,366

Construction

     14,338        16,299        (1,961

Wholesale and retail

     129,152        135,785        (6,633

Finance and insurance

     1,301        737        563  

Real estate, goods rental and leasing

     57,591        67,336        (9,745

Services

     47,134        51,944        (4,809

Other industries

     36,169        23,849        12,320  

Consumer

     331,460        343,406        (11,945

Overseas

     414,839        474,516        (59,676

Financial institutions

     2,189        7,672        (5,483

Commercial and industrial

     308,094        329,547        (21,452

Other

     104,555        137,297        (32,741
  

 

 

    

 

 

    

 

 

 

Total

     1,380,003        1,539,258        (159,255
  

 

 

    

 

 

    

 

 

 

 

14


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

 

(1)    Risk-Monitored Loans

     

    (in millions of yen)  
    As of
September 30, 2017
(A)
    % to total
loans

and bills
discounted
    As of
March 31, 2017
(B)
    % to total
loans

and bills
discounted
    Increase
(Decrease)
(A) - (B)
    % to total
loans and
bills
discounted
 

Loans to bankrupt borrowers

    38,938       0.04     35,746       0.04     3,192       0.00

Non-accrual delinquent loans

    423,447       0.52     476,342       0.58     (52,894     (0.06 )% 

Accruing loans contractually past due 3 months or more

    37,705       0.04     45,938       0.05     (8,233     (0.00 )% 

Restructured loans

    448,894       0.55     525,466       0.64     (76,572     (0.09 )% 
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total risk monitored loans

    948,985       1.17     1,083,494       1.33     (134,508     (0.15 )% 
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total loans and bills discounted

      80,969,897       ——         81,394,063       ——         (424,165     ——    

Written-off

    316,474       ——         307,219       ——         9,254       ——    

 

(2)    Allowance for Credit Losses

 

     

    (in millions of yen)  
    As of
September 30, 2017
(A)
    % to total
risk
monitored
loans
    As of
March 31, 2017
(B)
    % to total
risk
monitored
loans
    Increase
(Decrease)
(A) - (B)
    % to total
risk
monitored
loans
 

Allowance for credit losses

    456,478       48.10     563,216       51.98     (106,738     (3.87 )% 

General allowance for credit losses

    359,553       ——         446,887       ——         (87,333     ——    

Specific allowance for credit losses

    96,231       ——         115,942       ——         (19,711     ——    

Allowance for credit to specific foreign borrowers

    693       ——         386       ——         306       ——    

 

(3)    Classification of Risk-Monitored Loans

Classified by Geographic Area

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     752,358        829,903        (77,544

Overseas

     196,627        253,591        (56,963

Asia

     28,190        29,866        (1,675

Indonesia

     51        102        (50

Singapore

     12,518        14,558        (2,040

Thailand

     4        4        (0

Hong Kong

     215        215        (0

Other

     15,401        14,985        416  

Americas

     76,923        107,660        (30,737

Europe, Middle East and Other

     91,513        116,064        (24,550
  

 

 

    

 

 

    

 

 

 

Total

        948,985        1,083,494        (134,508
  

 

 

    

 

 

    

 

 

 

Classified by Industry

 

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     752,358        829,903        (77,544

Manufacturing

     322,237        375,263        (53,026

Construction

     13,681        15,628        (1,947

Wholesale and retail

     128,964        134,286        (5,321

Finance and insurance

     1,279        715        564  

Real estate

     50,117        58,504        (8,386

Goods rental and leasing

     2,068        2,347        (279

Services

     46,882        51,080        (4,198

Other industries

     34,892        23,540        11,351  

Consumer

     152,234        168,535        (16,301

Overseas

     196,627        253,591        (56,963

Financial institutions

     2,125        7,589        (5,463

Commercial and industrial

     168,018        190,984        (22,965

Other

     26,483        55,017        (28,534
  

 

 

    

 

 

    

 

 

 

Total

        948,985        1,083,494        (134,508
  

 

 

    

 

 

    

 

 

 

 

15


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(1)    Risk-Monitored Loans

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
     % to total
loans
and bills
discounted
    As of
March 31, 2017
(B)
     % to total
loans
and bills
discounted
    Increase
(Decrease)
(A) - (B)
    % to total
loans
and bills
discounted
 

Loans to bankrupt borrowers

     475        0.00     530        0.00     (54     (0.00 )% 

Non-accrual delinquent loans

     11,922        0.08     9,611        0.06     2,310       0.01

Accruing loans contractually past due 3 months or more

     86        0.00     79        0.00     6       0.00

Restructured loans

     30,630        0.21     55,523        0.38     (24,893     (0.17 )% 
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total risk monitored loans

     43,114        0.30     65,746        0.46     (22,631     (0.15 )% 
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total loans and bills discounted

     14,307,608        ——         14,283,249        ——         24,359       ——    

Written-off

     5,801        ——         7,626        ——         (1,825     ——    
(2)    Allowance for Credit Losses  
     (in millions of yen)  
     As of
September 30, 2017
(A)
     % to total
risk

monitored
loans
    As of
March 31, 2017
(B)
     % to total
risk
monitored
loans
    Increase
(Decrease)
(A) - (B)
    % to total
risk
monitored
loans
 

Allowance for credit losses

     46,272        107.32     59,306        90.20     (13,033     17.11

General allowance for credit losses

            41,688        ——                58,395        ——         (16,706     ——         

Specific allowance for credit losses

     4,582        ——         908        ——         3,673       ——    

Allowance for credit to specific foreign borrowers

     1        ——         1        ——         (0     ——    

(3)    Classification of Risk-Monitored Loans

Classified by Geographic Area

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     38,853        65,273        (26,419

Overseas

     4,260        472        3,788  

Asia

     475        472        2  

Indonesia

     —          —          —    

Singapore

     —          —          —    

Thailand

     475        472        2  

Hong Kong

     —          —          —    

Other

     —          —          —    

Americas

     3,785        —          3,785  

Europe, Middle East and Other

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Total

     43,114        65,746        (22,631
  

 

 

    

 

 

    

 

 

 
Classified by Industry         
     (in millions of yen)  
     As of
September 30, 2017
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     38,853        65,273        (26,419

Manufacturing

     25,752        50,092        (24,339

Construction

     639        653        (14

Wholesale and retail

     42        1,348        (1,305

Finance and insurance

     —          —          —    

Real estate

     5,369        6,436        (1,067

Goods rental and leasing

     —          —          —    

Services

     239        851        (611

Other industries

     1,271        303        967  

Consumer

     5,539        5,587        (48

Overseas

     4,260        472        3,788  

Financial institutions

     —          —          —    

Commercial and industrial

     4,260        472        3,788  

Other

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Total

     43,114        65,746        (22,631
  

 

 

    

 

 

    

 

 

 

 

16


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated: Trust Account

“Trust Account” represents trust account with contracts indemnifying the principal amounts.

 

(1)    Risk-Monitored Loans

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
     % to total
loans

and bills
discounted
    As of
March 31, 2017
(B)
     % to total
loans

and bills
discounted
    Increase
(Decrease)
(A) - (B)
    % to total
loans

and bills
discounted
 

Loans to bankrupt borrowers

     3        0.02     3        0.01     (0     0.00

Non-accrual delinquent loans

     0        0.00     0        0.00     (0     (0.00 )% 

Accruing loans contractually past due 3 months or more

     5        0.03     9        0.04     (3     (0.01 )% 

Restructured loans

     231        1.34     234        1.28     (3     0.05
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total risk monitored loans

     240        1.39     247        1.35     (6     0.04
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total loans and bills discounted

     17,221        ——         18,293        ——         (1,071     ——    

 

(2)    Allowance for Credit Losses

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)
(A) - (B)
 

Allowance for bad debts

     51        55        (4

 

(3)    Classification of Risk-Monitored Loans

 

Classified by Industry

 

        
     (in millions of yen)  
     As of
September 30, 2017
(A)
     As of
March 31, 2017
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     240        247        (6

Manufacturing

     —          —          —    

Construction

     —          —          —    

Wholesale and retail

     —          —          —    

Finance and insurance

     —          —          —    

Real estate

     192        200        (7

Goods rental and leasing

     —          —          —    

Services

     —          —          —    

Other industries

     —          —          —    

Consumer

     47        46        0  
  

 

 

    

 

 

    

 

 

 

Total

     240        247        (6
  

 

 

    

 

 

    

 

 

 

 

17


Mitsubishi UFJ Financial Group, Inc.

 

8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)

BTMU and MUTB Combined including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

 

(1)    Non Performing Loans

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

     171,656       119,803       51,853  

Doubtful

     353,606       426,284       (72,677

Special Attention

     517,465       627,162       (109,697

Non Performing Loans (1)

     1,042,728       1,173,249       (130,521
  

 

 

   

 

 

   

 

 

 

Normal

     104,262,919       104,240,643       22,276  
  

 

 

   

 

 

   

 

 

 

Total

     105,305,647       105,413,893       (108,245
  

 

 

   

 

 

   

 

 

 

Non Performing Loans / Total

     0.99     1.11     (0.12 )% 

(2)    Status of Coverage of Non Performing Loans

     

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     863,387       940,324       (76,937

Allowance for credit losses

     290,760       351,634       (60,873

Collateral, guarantees, etc.

     572,626       588,690       (16,064

Coverage ratio (2) / (1)

     82.80     80.14     2.65

 

(3)    Coverage Ratio

 

     (in millions of yen)  
Category    Loan amount (A)     Allowance for
credit losses (B)
    Covered by
collateral and/or
guarantees (C)
    Coverage ratio for
unsecured portion
(B) / [(A) - (C)]
     Coverage ratio
[(B) + (C)] /(A)
 

Bankrupt or De facto Bankrupt

     171,656       15,453       156,203          100.00
     [119,803     [10,772     [109,031        [100.00 %] 

Doubtful

     353,606       84,363       194,513          78.86
     [426,284     [104,933     [244,227        [81.90 %] 

Special Attention

     517,465       190,944       221,909          79.78
     [627,162     [235,928     [235,431        [75.15 %] 

Total

     1,042,728       290,760       572,626          82.80
     [1,173,249     [351,634     [588,690        [80.14 %] 

Note: The upper figures are as of September 30, 2017. The lower figures with brackets are as of March 31, 2017.

 

(4)    Classified by Industry

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Domestic

     801,676       903,729       (102,053

Manufacturing

     349,022       425,959       (76,936

Construction

     14,438       16,418       (1,979

Wholesale and retail

     132,255       139,910       (7,654

Finance and insurance

     1,830       2,008       (177

Real estate

     55,889       65,365       (9,475

Goods rental and leasing

     2,068       2,347       (279

Services

     47,671       52,500       (4,828

Other industries

     40,356       24,654       15,702  

Consumer

     158,141       174,565       (16,423

Overseas

     241,051       269,520       (28,468

Financial institutions

     2,316       7,779       (5,462

Commercial and industrial

     212,251       206,723       5,527      

Other

     26,483       55,017       (28,534
  

 

 

   

 

 

   

 

 

 

Total

         1,042,728               1,173,249           (130,521
  

 

 

   

 

 

   

 

 

 

 

18


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

 

(1)    Non Performing Loans

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

     170,023       117,714       52,309  

Doubtful

     342,648       418,034       (75,385

Special Attention

     486,599       571,405       (84,806

Non Performing Loans (1)

     999,271       1,107,154       (107,883
  

 

 

   

 

 

   

 

 

 

Normal

     89,622,386       89,636,105       (13,718
  

 

 

   

 

 

   

 

 

 

Total

       90,621,658         90,743,260       (121,602
  

 

 

   

 

 

   

 

 

 

Non Performing Loans / Total

     1.10     1.22     (0.11 )% 

(2)    Status of Coverage of Non Performing Loans

     

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     825,918       896,314       (70,396

Allowance for credit losses

     272,610       325,433       (52,823

Collateral, guarantees, etc.

     553,308       570,881       (17,573

Coverage ratio (2) / (1)

     82.65     80.95     1.69

 

(3)    Coverage Ratio

 

     (in millions of yen)  
Category    Loan amount (A)     Allowance for
credit losses (B)
    Covered by
collateral and/or
guarantees (C)
    Coverage ratio for
unsecured portion
(B) / [(A) - (C)]
    Coverage ratio
[(B) + (C)] /(A)
 

Bankrupt or De facto Bankrupt

     170,023       15,363       154,659       100.00     100.00
     [117,714     [10,679     [107,034     [100.00 %]      [100.00 %] 

Doubtful

     342,648       80,332       189,125       52.32     78.63
     [418,034     [104,577     [236,899     [57.73 %]      [81.68 %] 

Special Attention

     486,599       176,913       209,523       63.85     79.41
     [571,405     [210,175     [226,947     [61.01 %]      [76.49 %] 

Total

     999,271       272,610       553,308       61.12     82.65
     [1,107,154     [325,433     [570,881     [60.68 %]      [80.95 %] 

 

Note: The upper figures are as of September 30, 2017. The lower figures with brackets are as of March 31, 2017.

 

(4)    Classified by Industry

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Domestic

     762,480       838,106       (75,625

Manufacturing

     323,270       375,867       (52,596

Construction

     13,799       15,764       (1,964

Wholesale and retail

     132,213       138,561       (6,348

Finance and insurance

     1,830       2,008       (177

Real estate

     50,327       58,728       (8,401

Goods rental and leasing

     2,068       2,347       (279

Services

     47,431       51,648       (4,217

Other industries

     39,085       24,350       14,735  

Consumer

     152,453       168,829       (16,376

Overseas

     236,790       269,047       (32,257

Financial institutions

     2,316       7,779       (5,462

Commercial and industrial

     207,990       206,250       1,739      

Other

     26,483       55,017       (28,534
  

 

 

   

 

 

   

 

 

 

Total

            999,271               1,107,154           (107,883
  

 

 

   

 

 

   

 

 

 

 

19


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(1)    Non Performing Loans

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

     1,629       2,085       (455

Doubtful

     10,869       8,159       2,710  

Special Attention

     30,716       55,603       (24,887

Non Performing Loans (1)

     43,216       65,848       (22,632
  

 

 

   

 

 

   

 

 

 

Normal

     14,623,551       14,586,491       37,059  
  

 

 

   

 

 

   

 

 

 

Total

       14,666,767         14,652,339         14,427   
  

 

 

   

 

 

   

 

 

 

Non Performing Loans / Total

     0.29     0.44     (0.15 )% 

(2)    Status of Coverage of Non Performing Loans

 

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     37,228       43,762       (6,534

Allowance for credit losses

     18,150       26,201       (8,050

Collateral, guarantees, etc.

     19,077       17,561       1,515  

Coverage ratio (2) / (1)

     86.14     66.46     19.68

(3)    Coverage Ratio

 

     (in millions of yen)  
Category    Loan amount (A)     Allowance for
credit losses (B)
    Covered by
collateral and/or
guarantees (C)
    Coverage ratio for
unsecured portion
(B) / [(A) - (C)]
    Coverage ratio
[(B) + (C)] /(A)
 

Bankrupt or De facto Bankrupt

     1,629       89       1,540       100.00     100.00
     [2,085     [92     [1,993     [100.00 %]      [100.00 %] 

Doubtful

     10,869       4,030       5,300       72.37     85.84
     [8,159     [355     [7,238     [38.66 %]      [93.07 %] 

Special Attention

     30,716       14,030       12,236       75.92     85.51
     [55,603     [25,753     [8,330     [54.47 %]      [61.29 %] 

Total

     43,216       18,150       19,077       75.19     86.14
     [65,848     [26,201     [17,561     [54.26 %]      [66.46 %] 

 

Note: The upper figures are as of September 30, 2017. The lower figures with brackets are as of March 31, 2017.

(4)    Classified by Industry

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Domestic

     38,955       65,375       (26,420

Manufacturing

     25,752       50,092       (24,339

Construction

     639       653       (14

Wholesale and retail

     42       1,348       (1,305

Finance and insurance

     —         —         —    

Real estate

     5,369       6,436       (1,067

Goods rental and leasing

     —         —         —    

Services

     239       851       (611

Other industries

     1,271       303       967  

Consumer

     5,640       5,689       (48

Overseas

     4,260       472       3,788   

Financial institutions

     —         —         —    

Commercial and industrial

     4,260       472       3,788      

Other

     —         —         —    
  

 

 

   

 

 

   

 

 

 

Total

              43,216                    65,848           (22,632
  

 

 

   

 

 

   

 

 

 

 

20


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated: Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

 

(1)    Non Performing Loans

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

     3       3       (0

Doubtful

     87       90       (2

Special Attention

     149       153       (3

Non Performing Loans (1)

     240       247       (6
  

 

 

   

 

 

   

 

 

 

Normal

     16,981       18,046       (1,064
  

 

 

   

 

 

   

 

 

 

Total

              17,221                18,293       (1,071
  

 

 

   

 

 

   

 

 

 

Non Performing Loans / Total

     1.39     1.35           0.04

(2)    Status of Coverage of Non Performing Loans

     

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     240       247       (6

Allowance for credit losses

     —         —         —    

Collateral, guarantees, etc.

     240       247       (6

Coverage ratio (2) / (1)

     100.00     100.00     —    

 

(3)    Coverage Ratio

      

 

     (in millions of yen)  

Category

   Loan amount (A)     Allowance for
credit losses (B)
    Covered by
collateral and/
or guarantees (C)
    Coverage ratio for
unsecured portion
(B) / [(A) - (C)]
     Coverage ratio
[(B) + (C)] / (A)
 

Bankrupt or De facto Bankrupt

    

3

[3

 

   

—  

[—  

 

   

3

[3

 

      

100.00

[100.00


%] 

Doubtful

    

87

[90

 

   

—  

[—  

 

   

87

[90

 

      

100.00

[100.00


%] 

Special Attention

    

149

[153

 

   

—  

[—  

 

   

149

[153

 

      

100.00

[100.00


%] 

Total

    

240

[247

 

   

—  

[—  

 

   

240

[247

 

      

100.00

[100.00


%] 

Note:  The upper figures are as of September 30, 2017. The lower figures with brackets are as of March 31, 2017.

 

(4)    Classified by Industry

   

     

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    As of
March 31, 2017
(B)
    Increase
(Decrease)
(A) - (B)
 

Domestic

                   240                         247           (6

Manufacturing

     —         —         —    

Construction

     —         —         —    

Wholesale and retail

     —         —         —    

Finance and insurance

     —         —         —    

Real estate

     192       200       (7

Goods rental and leasing

     —         —         —    

Services

     —         —         —    

Other industries

     —         —         —    

Consumer

     47       46                  0      
  

 

 

   

 

 

   

 

 

 

Total

     240       247       (6
  

 

 

   

 

 

   

 

 

 

 

21


Mitsubishi UFJ Financial Group, Inc.

 

Overview of Non-Performing Loans

BTMU and MUTB Combined

 

(in billions of yen)
Self-Assessment       Coverage 
ratio for 
unsecured 
portion 
      Non-Performing Loans 
Based on the “FRL” 
        Risk-Monitored Loans 
Category of
Borrowers
  Classification            
  Non-
Classification 
  Classification 
II
  Classification 
III
  Classification 
IV
           
                   
                 

Bankrupt
Borrowers

 

  [156.1]   [11.8]  

 

[3.5]

 

(*1)

   

 

100.00%  

   

i) Bankrupt or

De facto Bankrupt

 

[171.6]

   

Loans to bankrupt borrowers

 

[39.4]

 

 

Substantially
Bankrupt
Borrowers

 

                     

Non-accrual

delinquent loans

 

[435.3]

 

Potentially
Bankrupt
Borrowers

 

  [197.2]   [156.2]           53.02%        

ii) Doubtful

 

[353.5]

   
         

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

 

  [517.3]         64.60%      

iii) Special Attention

 

[517.3]

   

Accruing loans contractually past due

3 months or more

 

[37.7]

 

                         

 

Restructured loans

 

[479.5]

 

       
                           
       

Borrowers
Requiring
Caution
(Other
Borrowers)

 

                   

iv) Normal

 

[104,245.9]

 

 

     

 

Normal
Borrowers

 

                       
   
                Non-Performing Loans Based on the “FRL”     Risk-Monitored Loans
                i) + ii) + iii)    
                1,042.4     992.1
                Total    
                i) + ii) + iii) + iv)    
                105,288.4    

 

(*1) “Customers’ liabilities for acceptances and guarantees” in Classification IV are fully reserved.

 

22


Mitsubishi UFJ Financial Group, Inc.

 

9. Progress in Disposition of Problem Assets

BTMU Non-consolidated

 

(1)    Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRL”

 

     (in millions of yen)  
     As of
March 31, 2015
     As of
March 31, 2016
     As of
March 31, 2017
(A)
     As of
September 30, 2017
(B)
     (B) - (A)  

Assets newly categorized during fiscal 2014

     98,674        61,087        40,744        34,298        (6,445

Assets newly categorized during fiscal 2015

        500,907        96,342        83,800        (12,541

Assets newly categorized during fiscal 2016

           156,527        93,293        (63,234

Assets newly categorized during fiscal 2017

              104,320     

 

(2)    Progress in Disposition of Problem Assets

 

     (in millions of yen)  
     For the first half of the fiscal year ended September 30, 2017  
            Bankrupt or
De facto Bankrupt
     Doubtful  

Liquidation

     1,903        ——          ——    

Reconstructive treatment

     2,556        ——          ——    

Upgrade due to reconstructive treatment

     —          ——          ——    

Loan sold to secondary market

     8,114        ——          ——    

Write-offs

     30,739        ——          ——    

Others

     84,083        ——          ——    

Collection / Repayment

     60,184        ——          ——    

Upgrade

     23,899        ——          ——    
  

 

 

    

 

 

    

 

 

 

Total

     127,397              25,070              102,327  
  

 

 

    

 

 

    

 

 

 

Amount in process for disposition

           99,496        

 

Note: The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

 

23


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

 

(1)    Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRL”

 

     (in millions of yen)  
     As of
March 31, 2015
     As of
March 31, 2016
     As of
March 31, 2017
(A)
     As of
September 30, 2017
(B)
     (B) - (A)  

Assets newly categorized during fiscal 2014

       7,495        1,730        265        252        (13

Assets newly categorized during fiscal 2015

          18,743        883        755        (127

Assets newly categorized during fiscal 2016

               1,872        953        (919

Assets newly categorized during fiscal 2017

                  5,886     

 

(2)    Progress in Disposition of Problem Assets

 

     (in millions of yen)  
     For the first half of the fiscal year ended September 30, 2017  
            Bankrupt or
De facto Bankrupt
     Doubtful  

Liquidation

     —          ——          ——    

Reconstructive treatment

     —          ——          ——    

Upgrade due to reconstructive treatment

     —          ——          ——    

Loan sold to secondary market

     —          ——          ——    

Write-offs

     —          ——          ——    

Others

     3,634        ——          ——    

Collection / Repayment

     2,591        ——          ——    

Upgrade

     1,043        ——          ——    
  

 

 

    

 

 

    

 

 

 

Total

     3,634                   755                  2,879  
  

 

 

    

 

 

    

 

 

 

Amount in process for disposition

             1,776        

 

Note: The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

 

24


Mitsubishi UFJ Financial Group, Inc.

 

10. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors

BTMU and MUTB Combined including Trust Accounts

 

(1)    Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     66,285,758       (1,111,388     67,397,147  

Manufacturing

     10,246,717       (334,039     10,580,756  

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     153,704       1,629       152,075  

Construction

     716,904       (49,841     766,745  

Utilities

     1,738,762       173,332       1,565,430  

Communication and information services

     1,371,036       (47,011     1,418,047  

Transport and postal activities

     2,224,040       (1,040     2,225,080  

Wholesale and retail

     6,557,389       85,629       6,471,760  

Finance and insurance

     8,162,412       (356,180     8,518,592  

Real estate

     8,757,450       (144,094     8,901,544  

Goods rental and leasing

     2,177,131       104,200       2,072,931  

Services

     2,535,546       (43,967     2,579,513  

Municipal government

     563,909       (5,797     569,706  

Other industries (including loans to the Japanese government)

     21,080,745       (494,210     21,574,955  

Overseas offices and loans booked at offshore markets

     29,259,023       774,620       28,484,402  
  

 

 

   

 

 

   

 

 

 

Total

       95,544,782       (336,768       95,881,550  
  

 

 

   

 

 

   

 

 

 

 

(2)    Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Total domestic consumer loans

     16,350,673       (193,086     16,543,759  

Housing loans

     15,520,535       (199,755     15,720,290  

Residential purpose

     13,477,204       (129,427     13,606,632  

Other

     830,138       6,669       823,468  

 

(3)    Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

     

 
     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Outstanding amount

     39,953,644       (237,352     40,190,996  

% to total domestic loans

     60.27     0.64     59.63

 

25


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

 

(1)    Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     54,176,526       (1,156,267     55,332,793  

Manufacturing

     8,291,917       (258,979     8,550,896  

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     150,595       1,610       148,985  

Construction

     624,838       (46,725     671,563  

Utilities

     1,307,537       90,008       1,217,529  

Communication and information services

     1,083,725       (45,612     1,129,337  

Transport and postal activities

     1,585,803       14,735       1,571,068  

Wholesale and retail

     5,711,043       152,848       5,558,195  

Finance and insurance

     5,682,069       (300,746     5,982,815  

Real estate

     6,922,453       (58,197     6,980,650  

Goods rental and leasing

     1,414,742       95,153       1,319,589  

Services

     2,392,428       (35,437     2,427,865  

Municipal government

     556,778       (5,479     562,257  

Other industries (including loans to the Japanese government)

     18,452,598       (759,446     19,212,044  

Overseas offices and loans booked at offshore markets

     26,793,371       732,101       26,061,269  
  

 

 

   

 

 

   

 

 

 

Total

       80,969,897       (424,165       81,394,063  
  

 

 

   

 

 

   

 

 

 

 

(2)    Domestic Consumer Loans

 

     

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Total domestic consumer loans

     15,016,289       (167,551     15,183,840  

Housing loans

     14,190,275       (174,724     14,365,000  

Residential purpose

     12,283,434       (112,180     12,395,614  

Other

     826,014       7,173       818,840  

 

(3)    Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

     

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Outstanding amount

     33,949,726       (204,085     34,153,811  

% to total domestic loans

     62.66     0.94     61.72

 

26


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

(1)    Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     11,841,956       (18,159     11,860,116  

Manufacturing

     1,954,800       (75,060     2,029,860  

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     3,109       19       3,090  

Construction

     92,066       (3,116     95,182  

Utilities

     431,225       83,324       347,901  

Communication and information services

     287,311       (1,399     288,710  

Transport and postal activities

     638,237       (15,775     654,012  

Wholesale and retail

     846,346       (67,219     913,565  

Finance and insurance

     2,449,164       (80,521     2,529,685  

Real estate

     1,830,239       (85,433     1,915,672  

Goods rental and leasing

     762,389       9,047       753,342  

Services

     143,114       (8,530     151,644  

Municipal government

     2,372       (288     2,660  

Other industries including loans to the Japanese government

     2,401,574       226,791           2,174,783  

Overseas offices and loans booked at offshore markets

     2,465,652       42,519       2,423,132  
  

 

 

   

 

 

   

 

 

 

Total

         14,307,608                 24,359          14,283,249      
  

 

 

   

 

 

   

 

 

 

(2)    Domestic Consumer Loans

     

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Total domestic consumer loans

     1,326,651       (24,958     1,351,609  

Housing loans

     1,322,565       (24,461     1,347,027  

Residential purpose

     1,186,631       (16,727     1,203,359  

Other

     4,085       (496     4,582  

(3)    Domestic Loans to Small/Medium-Sized Companies and Proprietors

     

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Outstanding amount

     5,765,582       (78,247     5,843,829  

% to total domestic loans

     48.68     (0.58 )%      49.27

 

27


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated: Trust Accounts

 

(1)    Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     267,275       63,038       204,237  

Manufacturing

     —         —         —    

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     —         —         —    

Construction

     —         —         —    

Utilities

     —         —         —    

Communication and information services

     —         —         —    

Transport and postal activities

     —         —         —    

Wholesale and retail

     —         —         —    

Finance and insurance

     31,179       25,087       6,092  

Real estate

     4,758       (464     5,222  

Goods rental and leasing

     —         —         —    

Services

     4       —         4  

Municipal government

     4,759       (30     4,789  

Other industries (including loans to the Japanese government)

     226,573       38,445           188,128  

Overseas offices and loans booked at offshore markets

     —         —         —    
  

 

 

   

 

 

   

 

 

 

Total

              267,275                 63,038               204,237      
  

 

 

   

 

 

   

 

 

 

(2)    Domestic Consumer Loans

     

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Total domestic consumer loans

     7,732       (576     8,309  

Housing loans

     7,693       (569     8,263  

Residential purpose

     7,139       (518     7,658  

Other

     38       (7     46  

(3)    Domestic Loans to Small/Medium-Sized Companies and Proprietors

     

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Outstanding amount

     238,336       44,980       193,356  

% to total domestic loans

     89.17     (5.49 )%      94.67

 

28


Mitsubishi UFJ Financial Group, Inc.

 

11. Overseas Loans

BTMU and MUTB Combined

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Americas

       13,629,991       471,913       13,158,077  

United States of America

     8,548,939       212,145       8,336,794  

Caribbean countries

     2,687,535       189,422       2,498,113  

Canada

     958,367       137,819       820,548  

Brazil

     549,078       (69,126     618,205  

Mexico

     453,607       31,243       422,363  

Chile

     200,926       (12,218     213,144  

Columbia

     125,509       3,904       121,605  

Others

     106,030       (21,276     127,305  

Asia/Oceania

     9,854,250       41,679       9,812,573  

Hong Kong

     2,132,339       (68,521     2,200,861  

Australia

     2,089,027       54,770       2,034,257  

Singapore

     1,499,705       47,579       1,452,126  

Indonesia

     850,560       9,770       840,789  

India

     729,019       (15,704     744,723  

South Korea

     622,513       (12,024     634,537  

Taiwan

     577,015       144,319       432,696  

New Zealand

     277,392       11,070       266,322  

Vietnam

     262,429       14,306       248,122  

Malaysia

     214,298       (83,810     298,108  

Thailand

     179,777       (27,859     207,636  

Philippines

     169,422       (35,746     205,168  

China

     128,044       (7,646     135,691  

Others

     122,710       11,175       111,537  

EMEA

     7,798,512       384,084       7,414,429  

United Kingdom

     2,340,996       241,868       2,099,127  

Netherlands

     818,086       73,063       745,023  

Saudi Arabia

     608,337       (301     608,638  

Germany

     552,517       59,864       492,653  

France

     501,666             77,792        423,873  

Qatar

     437,873       1,343       436,530  

UAE

     362,833       (61,974     424,807  

Luxembourg

     252,570       (14,228     266,799  

South Africa

     205,611       8,101       197,509  

Ireland

     194,334       29,141       165,192  

Turkey

     184,574       3,755       180,818  

Italy

     162,344       20,713       141,630  

Switzerland

     156,129       (26,203     182,333  

Spain

     155,554       33,801       121,753  

Others

     865,088       (62,651     927,744  

Others

     15       (270     284  
  

 

 

   

 

 

   

 

 

 

Total

     31,282,768           897,406             30,385,363      
  

 

 

   

 

 

   

 

 

 

 

Note: In addition to the (non-consolidated basis) loan balance stated above, five major overseas subsidiaries have the following loan balances in the consolidated financial statements.
     MUFG Americas Holdings Corporation: ¥8,595,725 million (a 207,232 million yen decrease as compared with March 31, 2017.)
     Bank of Ayudhya Public Company Limited: ¥3,726,597 million (a 63,749 million yen increase as compared with March 31, 2017.)
     Bank of Tokyo-Mitsubishi UFJ (China), Ltd.: ¥1,427,757 million (a 111,385 million yen increase as compared with March 31, 2017.)
     MUFG Bank (Europe) N.V.: ¥798,443 million (a 97,742 million yen increase as compared with March 31, 2017.)
     Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad: ¥492,070 million (a 40,683 million yen increase as compared with March 31, 2017.)

 

29


Mitsubishi UFJ Financial Group, Inc.

 

12. Loans and Deposits

BTMU and MUTB Combined

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Deposits (ending balance)

     156,569,430            1,070,653        155,498,777      

Deposits (average balance)

     157,956,558       8,237,769           149,718,788  

Loans (ending balance)

     95,277,506       (399,806     95,677,312  

Loans (average balance)

     96,825,469       (669,311     97,494,781  

 

BTMU Non-consolidated

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Deposits (ending balance)

     142,121,265           2,957,160           139,164,104      

Deposits (average balance)

     142,798,258       7,184,857       135,613,401  

Loans (ending balance)

     80,969,897       (424,165     81,394,063  

Loans (average balance)

     82,562,266       (1,354,028     83,916,295  

 

MUTB Non-consolidated

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Deposits (ending balance)

       14,448,165           (1,886,507       16,334,673      

Deposits (average balance)

     15,158,300       1,052,912       14,105,387  

Loans (ending balance)

     14,307,608       24,359       14,283,249  

Loans (average balance)

     14,263,202       684,717           13,578,485  

 

30


Mitsubishi UFJ Financial Group, Inc.

 

13. Domestic Deposits

BTMU and MUTB Combined

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Individuals

     74,291,064       1,197,761           73,093,302      

Corporations and others

     59,841,184       (1,209,182     61,050,366  

Domestic deposits

     134,132,248           (11,420     134,143,669  

 

Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

 

BTMU Non-consolidated

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Individuals

     66,359,122        1,006,660        65,352,462  

Corporations and others

     54,988,046       841,000       54,147,045  

Domestic deposits

     121,347,168           1,847,660           119,499,507      

 

Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

 

MUTB Non-consolidated

 

     (in millions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Individuals

     7,931,942       191,101           7,740,840  

Corporations and others

     4,853,137       (2,050,183     6,903,320  

Domestic deposits

       12,785,079           (1,859,081       14,644,161      

 

Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

 

31


Mitsubishi UFJ Financial Group, Inc.

 

14. Status of Deferred Tax Assets

BTMU Non-consolidated

 

(1)    Tax Effects of the Items Comprising Net Deferred Tax Assets

 

     (in billions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Deferred tax assets

                510.0       (21.2                531.3  

Allowance for credit losses

     213.0       (29.8     242.9  

Write-down on investment securities

     98.4       (2.0     100.5  

Unrealized losses on available-for-sale securities

     4.4       (6.1     10.6  

Reserve for retirement benefits

     97.3       (0.6     97.9  

Other

     212.4       10.7       201.6  

Valuation allowance

     (115.7                  6.7        (122.4

Deferred tax liabilities

     967.4       80.5       886.8  

Unrealized gains on available-for-sale securities

     767.5       95.9           671.5      

Net deferred gains on hedges

     55.0       (10.3     65.4  

Revaluation gains on securities upon merger

     62.4       0.2       62.2  

Gains on securities contributed to employees’ retirement benefits trust

     47.6       (1.0     48.7  

Other

     34.6           (4.1     38.8  

Net deferred tax assets

     (457.3     (101.8     (355.5

 

(2)    Net operating profits before provision for general allowance for credit losses and Taxable Income

 

     (in billions of yen)  
     FY2012     FY2013     FY2014     FY2015     FY2016     Interim FY2017  

Net operating profits before provision for general allowance for credit losses

     1,001.5       855.9       931.4       888.1       666.9       337.9  

Total credit costs

     (56.6     17.0       (70.7     (103.4     (25.4     58.9  

Income before income taxes

     877.4       984.7       860.2       884.7       632.2       401.5  

Reconciliation to taxable income

     (561.4     (336.2     (12.6     (113.3     (86.2     (108.4

Taxable income

     316.0       648.5       847.5       771.3       546.0       293.1  

 

(3)    Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

BTMU is classified as “2” because we are considered to be a company showing stable financial performance.

 

32


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

(1)    Tax Effects of the Items Comprising Net Deferred Tax Assets

 

     (in billions of yen)  
     As of
September 30, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2017
(B)
 

Deferred tax assets

     59.7       11.6       48.0  

Gains on securities related to employees’retirement benefits trust

     26.8       4.5       22.2  

Allowance for credit losses

     14.9       (4.3     19.2  

Write-down on investment securities

     9.0       0.0       8.9  

Deferred losses on hedging instruments

     4.3       4.2       0.1  

Other

     38.8       7.1       31.7  

Valuation allowance

     (34.3     (0.0     (34.2

Deferred tax liabilities

     312.0       34.0       277.9  

Unrealized gains on available-for-sale securities

     243.5       24.0       219.5  

Reserve for retirement benefits

     55.8       9.3       46.5  

Other

     12.6       0.6       11.9  

Net deferred tax assets

     (252.3     (22.4     (229.8

 

(2)    Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses and Taxable Income

 

     (in billions of yen)  
     FY2012     FY2013     FY2014     FY2015     FY2016     Interim FY2017  

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

     162.2       162.9       190.4       193.0       181.4       104.3  

Total credit costs

     (8.6     18.0       (0.4     (0.2     (22.5     5.8  

Income before income taxes

     173.5       184.4       201.4       218.6       156.3       170.7  

Reconciliation to taxable income

     (84.9     (94.3     (40.4     (68.1     4.6       (39.6

Taxable income

     88.6       90.1       160.9       150.4       160.9       131.1  

 

(3)    Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

MUTB is classified as “2” because we are considered to be a company showing stable financial performance.

 

33


Mitsubishi UFJ Financial Group, Inc.

 

(Reference)

1. Financial Statements

BTMU Non-consolidated

 

(1)    Non-consolidated Balance Sheets

 

(in millions of yen)    As of
March 31, 2017
    As of
September 30, 2017
 

Assets:

    

Cash and due from banks

     48,385,157       55,356,464  

Call loans

     231,509       328,984  

Receivables under resale agreements

     348,126       276,256  

Receivables under securities borrowing transactions

     5,569,376       5,474,042  

Monetary claims bought

     4,113,172       3,933,041  

Trading assets

     5,445,506       4,937,871  

Money held in trust

     24,145       22,515  

Securities

     42,235,515       40,993,747  

Loans and bills discounted

     81,394,063       80,969,897  

Foreign exchanges

     1,760,583       1,944,681  

Other assets

     6,877,190       7,607,306  

Tangible fixed assets

     855,651       876,066  

Intangible fixed assets

     375,430       373,192  

Prepaid pension costs

     270,907       275,997  

Customers’ liabilities for acceptances and guarantees

     6,867,455       7,023,285  

Allowance for credit losses

     (563,216     (456,478
  

 

 

   

 

 

 

Total assets

           204,190,574             209,936,874  
  

 

 

   

 

 

 

 

34


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
March 31, 2017
    As of
September 30, 2017
 

Liabilities:

    

Deposits

     139,164,104       142,121,265  

Negotiable certificates of deposit

     6,536,329       6,611,070  

Call money

     372,403       400,719  

Payables under repurchase agreements

     4,417,551       5,860,365  

Payables under securities lending transactions

     3,042,298       3,157,106  

Commercial papers

     1,661,486       1,736,559  

Trading liabilities

     3,809,622       3,626,894  

Borrowed money

     16,425,610       17,412,047  

Foreign exchanges

     2,381,315       2,466,459  

Bonds payable

     3,269,912       2,827,294  

Other liabilities

     5,342,066       5,357,002  

Reserve for bonuses

     25,508       22,467  

Reserve for bonuses to directors

     114       32  

Reserve for stocks payment

     5,003       4,934  

Reserve for retirement benefits

     8,939       9,894  

Reserve for loyalty award credits

     1,375       1,593  

Reserve for contingent losses

     152,279       156,503  

Deferred tax liabilities

     355,549       457,357  

Deferred tax liabilities for land revaluation

     120,147       119,254  

Acceptances and guarantees

     6,867,455       7,023,285  
  

 

 

   

 

 

 

Total liabilities

     193,959,075       199,372,111  
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     1,711,958       1,711,958  

Capital surplus

     3,878,275       3,878,275  

Capital reserve

     1,711,958       1,711,958  

Other capital surplus

     2,166,317       2,166,317  

Retained earnings

     3,267,614       3,381,313  

Revenue reserve

     190,044       190,044  

Other retained earnings

     3,077,570       3,191,268  

Funds for retirement benefits

     2,432       2,432  

Other reserve

     718,196       718,196  

Earned surplus brought forward

     2,356,941       2,470,639  

Treasury stock

     (645,700     (645,700
  

 

 

   

 

 

 

Total shareholders’ equity

     8,212,148       8,325,846  
  

 

 

   

 

 

 

Net unrealized gains (losses) on available-for-sale securities

     1,642,412       1,887,465  

Net deferred gains (losses) on hedging instruments

     148,777       125,248  

Land revaluation excess

     228,160       226,201  
  

 

 

   

 

 

 

Total valuation and translation adjustments

     2,019,351       2,238,915  
  

 

 

   

 

 

 

Total net assets

     10,231,499       10,564,762  
  

 

 

   

 

 

 

Total liabilities and net assets

           204,190,574             209,936,874  
  

 

 

   

 

 

 

 

35


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

 

(2)    Non-consolidated Statements of Income

 

(in millions of yen)    For the six months
ended

September 30, 2016
    For the six months
ended

September 30, 2017
 

Ordinary income

               1,501,227                 1,570,415  

Interest income

     818,834       895,377  

Interest on loans and bills discounted

     482,337       574,564  

Interest and dividends on securities

     264,285       213,777  

Fees and commissions

     314,703       303,903  

Trading income

     90,370       33,895  

Other operating income

     145,819       184,458  

Other ordinary income

     131,500       152,780  

Ordinary expenses

     1,090,987       1,158,596  

Interest expenses

     262,126       394,247  

Interest on deposits

     70,289       121,757  

Fees and commissions

     85,928       84,775  

Trading expenses

     913       579  

Other operating expenses

     48,446       32,144  

General and administrative expenses

     578,497       594,187  

Other ordinary expenses

     115,075       52,661  
  

 

 

   

 

 

 

Ordinary profits

     410,239       411,819  
  

 

 

   

 

 

 

Extraordinary gains

     10,635       978  

Extraordinary losses

     8,909       11,210  
  

 

 

   

 

 

 

Income before income taxes

     411,964       401,586  
  

 

 

   

 

 

 

Income taxes-current

     98,189       94,380  

Income taxes-deferred

     (9,268     12,941  
  

 

 

   

 

 

 

Total taxes

     88,921       107,322  
  

 

 

   

 

 

 

Net income

     323,043       294,264  
  

 

 

   

 

 

 

 

36


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

(1)    Non-consolidated Balance Sheets

 

(in millions of yen)    As of
March 31, 2017
    As of
September 30, 2017
 

Assets:

    

Cash and due from banks

     10,689,804       9,975,660  

Call loans

     267,590       78,939  

Receivables under securities borrowing transactions

     114,804       119,369  

Monetary claims bought

     15       15  

Trading assets

     553,416       612,533  

Money held in trust

     10,681       52,200  

Securities

     13,829,880       14,779,034  

Loans and bills discounted

     14,283,249       14,307,608  

Foreign exchanges

     77,433       55,492  

Other assets

     827,574       1,382,928  

Tangible fixed assets

     146,688       143,024  

Intangible fixed assets

     62,020       65,477  

Prepaid pension costs

     271,938       302,341  

Customers’ liabilities for acceptances and guarantees

     260,386       263,739  

Allowance for credit losses

     (59,306     (46,272
  

 

 

   

 

 

 

Total assets

             41,336,180               42,092,092  
  

 

 

   

 

 

 

 

37


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
March 31, 2017
    As of
September 30, 2017
 

Liabilities:

    

Deposits

             16,334,673               14,448,165  

Negotiable certificates of deposit

     4,710,181       5,015,916  

Call money

     54,450       365,785  

Payables under repurchase agreements

     4,782,495       6,190,559  

Payables under securities lending transactions

     799,923       399,908  

Commercial papers

     540,057       779,148  

Trading liabilities

     139,686       122,085  

Borrowed money

     2,661,461       3,554,644  

Foreign exchanges

     38,157       46,585  

Short-term bonds payable

     239,999       149,999  

Bonds payable

     872,719       865,170  

Due to trust accounts

     6,738,770       6,576,576  

Other liabilities

     660,310       660,219  

Reserve for bonuses

     4,884       4,876  

Reserve for bonuses to directors

     57       20  

Reserve for stocks payment

     3,416       3,447  

Reserve for retirement benefits

     1,154       879  

Reserve for contingent losses

     7,478       21,755  

Deferred tax liabilities

     229,884       252,323  

Deferred tax liabilities for land revaluation

     4,335       4,232  

Acceptances and guarantees

     260,386       263,739  
  

 

 

   

 

 

 

Total liabilities

     39,084,484       39,726,041  
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     324,279       324,279  

Capital surplus

     422,083       425,265  

Capital reserve

     250,619       250,619  

Other capital surplus

     171,464       174,646  

Retained earnings

     977,978       1,040,686  

Revenue reserve

     73,714       73,714  

Other retained earnings

     904,264       966,972  

Funds for retirement benefits

     710       710  

Other reserve

     138,495       138,495  

Earned surplus brought forward

     765,059       827,767  
  

 

 

   

 

 

 

Total shareholders’ equity

     1,724,341       1,790,231  
  

 

 

   

 

 

 

Net unrealized gains (losses) on available-for-sale securities

     529,191       586,366  

Net deferred gains (losses) on hedging instruments

     (344     (9,957

Land revaluation excess

     (1,493     (589
  

 

 

   

 

 

 

Total valuation and translation adjustments

     527,353       575,820  
  

 

 

   

 

 

 

Total net assets

     2,251,695       2,366,051  
  

 

 

   

 

 

 

Total liabilities and net assets

     41,336,180       42,092,092  
  

 

 

   

 

 

 

 

38


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

(2)    Non-consolidated Statements of Income

 

(in millions of yen)    For the six months
ended

September 30, 2016
    For the six months
ended

September 30, 2017
 

Ordinary income

                  302,086                    365,558  

Trust fees

     49,897       45,789  

Interest income

     128,844       178,472  

Interest on loans and bills discounted

     46,004       57,879  

Interest and dividends on securities

     76,679       107,868  

Fees and commissions

     65,576       70,956  

Trading income

     7,307       10,422  

Other operating income

     28,304       16,043  

Other ordinary income

     22,155       43,873  

Ordinary expenses

     196,570       243,875  

Interest expenses

     59,848       87,233  

Interest on deposits

     11,465       15,683  

Fees and commissions

     15,527       17,733  

Trading expenses

     60       54  

Other operating expenses

     12,117       13,002  

General and administrative expenses

     104,909       105,152  

Other ordinary expenses

     4,108       20,699  
  

 

 

   

 

 

 

Ordinary profits

     105,515       121,682  
  

 

 

   

 

 

 

Extraordinary gains

     36       53,250  

Extraordinary losses

     5,593       4,225  
  

 

 

   

 

 

 

Income before income taxes

     99,959       170,707  
  

 

 

   

 

 

 

Income taxes-current

     25,485       42,173  

Income taxes-deferred

     (1,255     2,437  
  

 

 

   

 

 

 

Total taxes

     24,230       44,611  
  

 

 

   

 

 

 

Net income

     75,728       126,096  
  

 

 

   

 

 

 

 

39


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

(3)    Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship

 

(in millions of yen)    As of
March 31, 2017
    As of
September 30, 2017
 

Assets:

    

Loans and bills discounted

     204,237       267,275  

Securities

             53,054,465               52,166,441  

Beneficiary rights to the trust

     58,907,613       64,553,174  

Securities held in custody accounts

     3,259,572       3,704,671  

Monetary claims

     13,051,405       17,284,680  

Tangible fixed assets

     12,493,551       13,022,417  

Intangible fixed assets

     207,803       123,356  

Other claims

     3,950,126       3,985,687  

Call loans

     705,784       344,687  

Due from banking account

     9,100,260       8,708,650  

Cash and due from banks

     5,731,968       6,581,566  
  

 

 

   

 

 

 

Total

     160,666,790       170,742,609  
  

 

 

   

 

 

 

Liabilities:

    

Money trusts

     21,817,433       23,294,994  

Pension trusts

     12,741,687       11,632,684  

Property formation benefit trusts

     7,549       7,376  

Investment trusts

     63,323,815       68,783,725  

Money entrusted other than money trusts

     3,372,911       3,601,804  

Securities trusts

     5,399,262       5,914,396  

Monetary claim trusts

     12,195,074       16,385,054  

Equipment trusts

     66,298       67,131  

Land and fixtures trusts

     44,291        43,968   

Composite trusts

     41,698,466       41,011,472  
  

 

 

   

 

 

 

Total

     160,666,790       170,742,609  
  

 

 

   

 

 

 

 

Note:

  1.   The table shown above includes master trust assets under the service-shared co-trusteeship between MUTB and The Master Trust Bank of Japan, Ltd.
  2.   Trust assets and liabilities under a declaration of trust excluded from above table are 1,507 millions of yen as of March 31, 2017 and 1,506 millions of yen as of September 30, 2017, respectively.

Detailed information for “Money trust” with contracts indemnifying the principal amounts

(including trusts for which beneficiary interests are re-entrusted)

 

(in millions of yen)    As of
March 31, 2017
    As of
September 30, 2017
 

Assets:

    

Loans and bills discounted

     18,293       17,221  

Securities

     89,677       88,163  

Other

               6,581,417                  6,433,224   
  

 

 

   

 

 

 

Total

     6,689,388       6,538,610  
  

 

 

   

 

 

 

Liabilities:

    

Principal

     6,678,398       6,521,892  

Allowance for bad debts

     55       51  

Other

     10,934       16,666  
  

 

 

   

 

 

 

Total

     6,689,388       6,538,610  
  

 

 

   

 

 

 

 

40


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

(4)    Major Items

 

(in millions of yen)    As of
March 31, 2017
    As of
September 30, 2017
 

Total funds

     55,611,525       54,399,137  
  

 

 

   

 

 

 

Deposits

     16,334,673       14,448,165  

Negotiable certificates of deposit

     4,710,181       5,015,916  

Money trusts

             21,817,433                23,294,994   

Pension trusts

     12,741,687       11,632,684  

Property formation benefit trusts

     7,549       7,376  
  

 

 

   

 

 

 

Loans and bills discounted

     14,487,486       14,574,884  
  

 

 

   

 

 

 

Banking account

     14,283,249       14,307,608  

Trust account

     204,237       267,275  
  

 

 

   

 

 

 

Investment securities

     66,884,346       66,945,476  
  

 

 

   

 

 

 

 

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.

 

41