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 July 2015

Commission File No. 000-54189

 

 

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

 

 

7-1, Marunouchi 2-chome, Chiyoda-ku

Tokyo 100-8330, Japan

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or

will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F      X        Form 40-F              

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

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

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

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

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 27, 2015

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Yasuo Matsumoto

Name:   Yasuo Matsumoto
Title:  

Chief Manager, Documentation & Corporate Secretary Department,

Corporate Administration Division


Consolidated Summary Report

<under US GAAP>

For the Fiscal Year Ended March 31, 2015

 

Date:    July 27, 2015
Company name (code number):    Mitsubishi UFJ Financial Group, Inc. (8306)
   (URL http://www.mufg.jp/)
Stock exchange listings:    Tokyo, Nagoya, New York
Representative:    Nobuyuki Hirano, Director, President & Group CEO
For inquiry:    Kazutaka Yoneda, General Manager-Financial Planning Division, Financial Accounting Office
   (Phone) +81-3-3240-3110

Consolidated financial data for the fiscal year ended March 31, 2015

(1) Operating results

 

(in millions of yen, except per share data)
    

For the fiscal years ended March 31,

    

2015

  

2014

Total revenue

   5,739,723    4,343,364

Income before income tax expense

   2,262,656    1,420,443

Net income attributable to Mitsubishi UFJ Financial Group

   1,531,127    1,015,393

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

   107.81    70.21

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

   107.50    69.98

Comprehensive income attributable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2015 and 2014 were ¥3,240,700 million and ¥1,798,728 million, respectively.

Notes:

1. Average number of shares outstanding

 

     (in thousands of shares)
    

For the fiscal years ended March 31,

    

2015

  

2014

Common stock

   14,118,469    14,158,698

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

(2) Financial condition

 

     (in millions of yen)
    

As of March 31,

    

2015

  

2014

Total assets

   280,886,326    253,661,077
  

 

  

 

Total Mitsubishi UFJ Financial Group shareholders’ equity

   14,679,065    12,205,040
  

 

  

 

(3) Cash flows

 

     (in millions of yen)
    

For the fiscal years ended March 31,

    

2015

  

2014

Net cash provided by operating activities

   2,384,590    909,448

Net cash used in investing activities

   (10,975,679)    (12,401,827)

Net cash provided by financing activities

   8,183,248    11,475,095

Cash and cash equivalents at end of period

   3,353,236    3,689,228

 

- 1 -


This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.’s consolidated financial information under U.S. GAAP that is included in the company’s annual report on Form 20-F (the “Form 20-F”) to be filed with the U.S. Securities and Exchange Commission. This excerpt report does not contain all of the information that may be important to you. In addition to the items highlighted in this report, the Form 20-F includes material disclosure about the company, including its business and other detailed U.S. GAAP financial information. You should read the entire Form 20-F carefully to obtain a comprehensive understanding of the company’s business and U.S. GAAP financial data and related issues.

This report contains forward-looking statements regarding estimates, forecasts, targets and plans in relation to the results of operations, financial condition and other general management of the company (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company’s current expectations, perceptions, evaluations and opinions. In addition, in order for the company to adopt such estimates, forecasts, targets and plans regarding future events, certain assumptions have been made, which assumptions are inherently subjective and uncertain. The forward-looking statements should not be viewed as guarantees of future performance as actual results may be significantly different. For instance, the disclosures regarding provision for credit losses, valuation of financial assets and realizability of the deferred tax assets are based on assumptions and other estimates, such as economic factors, the company’s business plans and performance, and other factors. There exist a number of factors that may lead to uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economies, changes in borrower conditions, fluctuations in interest rates, foreign currency exchange rates and stock prices, legal proceedings, changes in the regulatory environment, and natural disasters, cyber-attacks and other external events. For the key factors that should be considered, please see the financial highlight, the Annual Securities Report, Disclosure Book, Annual Report, Form 20-F and other current disclosures that the company has publicly released.

 

- 2 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Balance Sheets

 

     As of March 31,  

(in millions of yen)

   2015     2014  

Assets:

    

Cash and due from banks

     3,353,236        3,689,228   

Interest-earning deposits in other banks

     37,364,698        20,500,676   

Call loans and funds sold

     660,416        919,132   

Receivables under resale agreements

     7,273,008        7,300,037   

Receivables under securities borrowing transactions

     4,659,545        4,210,057   

Trading account assets

     46,904,903        40,646,275   

Investment securities:

    

Available-for-sale securities—carried at fair value

     47,490,404        51,885,652   

Held-to-maturity securities—carried at amortized cost

     4,130,451        2,706,982   

Other investment securities

     587,119        737,617   
  

 

 

   

 

 

 

Total investment securities

     52,207,974        55,330,251   
  

 

 

   

 

 

 

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

     118,265,202        110,276,411   

Allowance for credit losses

     (1,055,479     (1,094,420
  

 

 

   

 

 

 

Net loans

     117,209,723        109,181,991   
  

 

 

   

 

 

 

Premises and equipment—net

     982,205        1,236,648   

Accrued interest

     323,496        277,222   

Customers’ acceptance liability

     205,384        126,838   

Intangible assets—net

     1,160,164        1,133,354   

Goodwill

     807,610        728,515   

Deferred tax assets

     90,674        362,267   

Other assets

     7,683,290        8,018,586   
  

 

 

   

 

 

 

Total assets

     280,886,326        253,661,077   
  

 

 

   

 

 

 

Liabilities:

    

Deposits:

    

Domestic offices:

    

Non-interest-bearing

     17,829,620        16,644,469   

Interest-bearing

     107,968,674        104,860,603   

Overseas offices:

    

Non-interest-bearing

     5,616,266        4,478,271   

Interest-bearing

     40,576,707        36,534,443   
  

 

 

   

 

 

 

Total deposits

     171,991,267        162,517,786   
  

 

 

   

 

 

 

Call money and funds purchased

     3,668,986        3,417,455   

Payables under repurchase agreements

     20,728,205        21,268,072   

Payables under securities lending transactions

     8,205,349        5,520,718   

Due to trust account

     1,610,992        750,210   

Other short-term borrowings

     11,545,807        11,106,071   

Trading account liabilities

     17,029,385        11,981,978   

Obligations to return securities received as collateral

     2,651,151        3,971,454   

Bank acceptances outstanding

     205,384        126,838   

Accrued interest

     132,330        143,362   

Long-term debt

     19,968,735        14,498,678   

Other liabilities

     7,867,394        5,607,011   
  

 

 

   

 

 

 

Total liabilities

     265,604,985        240,909,633   
  

 

 

   

 

 

 

Equity:

    

Mitsubishi UFJ Financial Group shareholders’ equity:

    

Capital stock

     2,090,270        2,089,245   

Capital surplus

     5,959,626        6,363,413   

Retained earnings:

    

Appropriated for legal reserve

     239,571        239,571   

Unappropriated retained earnings

     3,424,864        2,157,639   

Accumulated other comprehensive income, net of taxes

     3,067,255        1,357,682   

Treasury stock, at cost

     (102,521     (2,510
  

 

 

   

 

 

 

Total Mitsubishi UFJ Financial Group shareholders’ equity

     14,679,065        12,205,040   

Noncontrolling interests

     602,276        546,404   
  

 

 

   

 

 

 

Total equity

     15,281,341        12,751,444   
  

 

 

   

 

 

 

Total liabilities and equity

     280,886,326        253,661,077   
  

 

 

   

 

 

 

 

- 3 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Income

 

     For the fiscal years ended March 31,  

(in millions of yen)

   2015     2014  

Interest income:

    

Loans, including fees

     1,981,274        1,663,742   

Deposits in other banks

     64,270        47,056   

Investment securities:

    

Interest

     252,149        229,732   

Dividends

     131,593        112,605   

Trading account assets

     400,020        407,415   

Call loans and funds sold

     11,181        10,074   

Receivables under resale agreements and securities borrowing transactions

     54,158        51,659   
  

 

 

   

 

 

 

Total

     2,894,645        2,522,283   
  

 

 

   

 

 

 

Interest expense:

    

Deposits

     300,692        226,655   

Call money and funds purchased

     7,287        6,841   

Payables under repurchase agreements and securities lending transactions

     41,294        39,329   

Due to trust account

     504        519   

Other short-term borrowings and trading account liabilities

     60,452        57,501   

Long-term debt

     252,955        230,127   
  

 

 

   

 

 

 

Total

     663,184        560,972   
  

 

 

   

 

 

 

Net interest income

     2,231,461        1,961,311   

Provision (credit) for credit losses

     86,998        (106,371
  

 

 

   

 

 

 

Net interest income after provision (credit) for credit losses

     2,144,463        2,067,682   
  

 

 

   

 

 

 

Non-interest income:

    

Fees and commissions income

     1,400,980        1,294,116   

Foreign exchange losses—net

     (113,073     (61,755

Trading account profits (losses)—net

     1,148,661        (33,886

Investment securities gains—net

     154,687        303,520   

Equity in earnings of equity method investees—net

     172,946        110,520   

Gains on sales of loans

     15,027        17,680   

Government grant for transfer of substitutional portion of Employees’ Pension Fund Plans

     —          115,210   

Other non-interest income

     65,850        75,676   
  

 

 

   

 

 

 

Total

     2,845,078        1,821,081   
  

 

 

   

 

 

 

Non-interest expense:

    

Salaries and employee benefits

     1,097,452        1,029,580   

Occupancy expenses—net

     168,780        158,393   

Fees and commission expenses

     248,136        222,038   

Outsourcing expenses, including data processing

     241,650        216,737   

Depreciation of premises and equipment

     108,659        103,714   

Amortization of intangible assets

     222,353        198,147   

Impairment of intangible assets

     677        312   

Insurance premiums, including deposit insurance

     115,451        101,135   

Communications

     54,712        50,868   

Taxes and public charges

     96,627        69,457   

Other non-interest expenses

     372,388        317,939   
  

 

 

   

 

 

 

Total

     2,726,885        2,468,320   
  

 

 

   

 

 

 

Income before income tax expense

     2,262,656        1,420,443   

Income tax expense

     666,020        337,917   
  

 

 

   

 

 

 

Net income before attribution of noncontrolling interests

     1,596,636        1,082,526   

Net income attributable to noncontrolling interests

     65,509        67,133   
  

 

 

   

 

 

 

Net income attributable to Mitsubishi UFJ Financial Group

     1,531,127        1,015,393   
  

 

 

   

 

 

 

Income allocated to preferred shareholders:

    

Cash dividends paid

     8,970        17,940   

Changes in a foreign affiliated company’s interests in its subsidiary

     —          3,301   
  

 

 

   

 

 

 

Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group

     1,522,157        994,152   
  

 

 

   

 

 

 
(in yen)             

Earnings per common share applicable to common shareholders of Mitsubishi UFJ Financial Group:

    

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

     107.81        70.21   

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

     107.50        69.98   

 

- 4 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income

 

     For the fiscal years ended March 31,  

(in millions of yen)

   2015     2014  

Net income before attribution of noncontrolling interests

     1,596,636        1,082,526   

Other comprehensive income, net of tax:

    

Net unrealized gains on investment securities

     999,817        141,519   

Net unrealized gains (losses) on derivatives qualifying for cash flow hedges

     899        (361

Defined benefit plans

     18,927        117,648   

Foreign currency translation adjustments

     688,518        508,130   
  

 

 

   

 

 

 

Total

     1,708,161        766,936   
  

 

 

   

 

 

 

Comprehensive income

     3,304,797        1,849,462   
  

 

 

   

 

 

 

Net income attributable to noncontrolling interests

     65,509        67,133   

Other comprehensive loss attributable to noncontrolling interests

     (1,412     (16,399
  

 

 

   

 

 

 

Comprehensive income attributable to Mitsubishi UFJ Financial Group

     3,240,700        1,798,728   
  

 

 

   

 

 

 
Loans     
     As of March 31,  

(in millions of yen)

   2015     2014  

Impaired loans

     1,686,806        1,861,027   

Other than impaired loans

     116,578,396        108,415,384   
  

 

 

   

 

 

 

Total

     118,265,202        110,276,411   
  

 

 

   

 

 

 
Allowance for credit losses     
     As of March 31,  

(in millions of yen)

   2015     2014  

Related to impaired loans

     607,287        750,321   

Related to other than impaired loans

     448,192        344,099   
  

 

 

   

 

 

 

Total

     1,055,479        1,094,420   
  

 

 

   

 

 

 

 

- 5 -