FORM 6-K

6-K 1 d771199d6k.htm FORM 6-K 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 2019

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. 333-229697) 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: July 31, 2019


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Zenta Morokawa
Name:		Zenta Morokawa
Title:		Managing Director, Head of Documentation & Corporate Secretary Department, Corporate Administration Division

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2019

July 31, 2019


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		https://www.mufg.jp/
Representative:		Kanetsugu Mike, President & Group CEO
For inquiry:		Masahisa Takahashi, Managing Director, Head of Financial Accounting Office, Financial Planning Division
		TEL (03) 3240-3110 (Until August 23, 2019) / TEL (03) 5218-8890 (From August 26, 2019)
Quarterly securities report issuing date:		August 14, 2019
Dividend payment date:		-
Trading accounts:		Established
Supplemental information for quarterly financial statements:		Available
Quarterly investor meeting presentation:		None

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

1. Consolidated Financial Data for the Three Months ended June 30, 2019

(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
	million yen		%		million yen		%		million yen		%
For the three months ended
June 30, 2019		1,803,433		9.9		453,499		8.0		391,067		24.1
June 30, 2018		1,641,660		8.9		419,814		5.6		315,000		9.0

(*)	Comprehensive income

June 30, 2019: 510,185 million yen, - % ; June 30, 2018: (31,018) million yen, - %


	Basic earnings per share		Diluted earnings per share
	yen		yen
For the three months ended
June 30, 2019		30.26		30.21
June 30, 2018		23.99		23.90

(2)	Financial Conditions


	Total Assets		Total Net Assets		Equity-to-asset ratio (*)
	million yen		million yen		%
As of
June 30, 2019		312,755,325		17,665,256		5.3
March 31, 2019		311,138,903		17,261,677		5.2

(Reference) Shareholders’ equity as of June 30, 2019: 16,516,173 million yen; March 31, 2019: 16,179,276 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
	yen		yen		yen		yen		yen
For the fiscal year
ended March 31, 2019		—		11.00		—		11.00		22.00
ending March 31, 2020		—
ending March 31, 2020 (Forecast)				12.50		—		12.50		25.00

(*)	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, 2020 (Consolidated)

MUFG has the target of 900.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2020.

(There is no change to our earnings target released on May 15, 2019.)

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)	Adoption of any particular accounting methods for quarterly consolidated financial statements: No

(3)	Changes in accounting policies, changes in accounting estimates and restatements

(A) Changes in accounting policies due to revision of accounting standards: No

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

(D) Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	June 30, 2019	13,667,770,520 shares
	March 31, 2019	13,667,770,520 shares
(B) Treasury stocks:	June 30, 2019	745,238,012 shares
	March 31, 2019	745,316,531 shares
(C) Average outstanding stocks:	Three months ended June 30, 2019	12,922,469,920 shares
	Three months ended June 30, 2018	13,132,250,686 shares

ø This “Consolidated Summary Report”(Quarterly“Tanshin”) is outside the scope of the external auditor’s quarterly review procedure.

ø Notes for using forecasted information etc.

This financial summary report contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the company and/or the group as a whole (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company’s current estimations, perceptions and evaluations. In addition, in order for the company to adopt such estimations, forecasts, targets and plans regarding future events, certain assumptions have been made. Accordingly, due to various risks and uncertainties, the statements and assumptions are inherently not guarantees of future performance, may be considered differently from alternative perspectives and may result in material differences from the actual result. For the main factors that may affect the current forecasts, please see Consolidated Summary Report, Annual Securities Report, Disclosure Book, Annual Report, and other current disclosures that the company has announced.

The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (“Japanese GAAP”). Differences exist between Japanese GAAP and the accounting principles generally accepted in the United States (“U.S. GAAP”) in certain material respects. Such differences have resulted in the past, and are expected to continue to result for this period and future periods, in amounts for certain financial statement line items under U.S. GAAP to differ significantly from the amounts under Japanese GAAP. For example, differences in consolidation basis or accounting for business combinations, including but not limited to amortization and impairment of goodwill, could result in significant differences in our reported financial results between Japanese GAAP and U.S. GAAP. Readers should consult their own professional advisors for an understanding of the differences between Japanese GAAP and U.S. GAAP and how those differences might affect our reported financial results. To date, we have published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report.

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) Notes on Going-Concern Assumption			6
(4) Notes for Material Changes in Shareholders’Equity			6

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Three Months Ended June 30, 2019”

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2019			As of June 30, 2019
Assets:
Cash and due from banks		74,206,895			73,995,416
Call loans and bills bought		451,668			662,103
Receivables under resale agreements		10,868,179			12,522,674
Receivables under securities borrowing transactions		2,739,363			2,326,191
Monetary claims bought		7,254,708			6,991,834
Trading assets		16,126,188			19,011,339
Money held in trust		912,961			901,063
Securities		64,262,463			61,519,911
Loans and bills discounted		107,412,468			107,653,312
Foreign exchanges		2,134,807			2,289,460
Other assets		12,838,412			12,759,649
Tangible fixed assets		1,335,972			1,368,364
Intangible fixed assets		1,136,530			1,523,045
Net defined benefit assets		824,007			854,388
Deferred tax assets		104,451			104,967
Customers’ liabilities for acceptances and guarantees		9,241,062			8,923,661
Allowance for credit losses		(711,236	)		(652,058	)

Total assets		311,138,903			312,755,325

Liabilities:
Deposits		180,171,279			180,957,299
Negotiable certificates of deposit		9,413,420			8,683,272
Call money and bills sold		2,465,093			3,469,790
Payables under repurchase agreements		25,112,121			25,244,719
Payables under securities lending transactions		903,219			830,167
Commercial papers		2,316,338			2,946,415
Trading liabilities		11,624,122			12,729,325
Borrowed money		16,268,170			15,397,633
Foreign exchanges		2,271,145			2,322,932
Short-term bonds payable		793,999			677,999
Bonds payable		12,179,680			12,158,189
Due to trust accounts		10,282,227			8,923,727
Other liabilities		9,452,717			10,474,477
Reserve for bonuses		79,236			32,005
Reserve for bonuses to directors		689			860
Reserve for stocks payment		10,814			12,071
Net defined benefit liabilities		59,540			76,644
Reserve for retirement benefits to directors		1,058			829
Reserve for loyalty award credits		17,606			18,833
Reserve for contingent losses		265,707			205,865
Reserves under special laws		4,263			4,262
Deferred tax liabilities		829,418			885,143
Deferred tax liabilities for land revaluation		114,292			113,939
Acceptances and guarantees		9,241,062			8,923,661

Total liabilities		293,877,225			295,090,068

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2019			As of June 30, 2019
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		1,034,641			1,030,777
Retained earnings		10,640,655			10,892,842
Treasury stock		(516,649	)		(516,599	)

Total shareholders’ equity		13,300,160			13,548,533

Net unrealized gains (losses) on available-for-sale securities		2,249,231			2,323,476
Net deferred gains (losses) on hedging instruments		122,516			172,543
Land revaluation excess		167,681			167,030
Foreign currency translation adjustments		339,713			328,494
Remeasurements of defined benefit plans		(4,729	)		(12,527	)
Debt value adjustments of foreign subsidiaries and affiliates		4,702			(11,376	)

Total accumulated other comprehensive income		2,879,115			2,967,640

Subscription rights to shares		217			86
Non-controlling interests		1,082,184			1,148,996

Total net assets		17,261,677			17,665,256

Total liabilities and net assets		311,138,903			312,755,325

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 three months ended June 30, 2018		For the three months ended June 30, 2019
Ordinary income		1,641,660		1,803,433
Interest income		871,720		976,834
Interest on loans and bills discounted		558,127		597,670
Interest and dividends on securities		164,431		159,904
Trust fees		30,839		31,378
Fees and commissions		368,218		361,812
Trading income		53,712		61,458
Other operating income		101,352		146,554
Other ordinary income		215,817		225,395
Ordinary expenses		1,221,845		1,349,933
Interest expenses		391,225		532,575
Interest on deposits		127,564		175,927
Fees and commissions		55,659		57,917
Trading expenses		268		—
Other operating expenses		35,779		29,185
General and administrative expenses		670,019		667,701
Other ordinary expenses		68,894		62,553

Ordinary profits		419,814		453,499

Extraordinary gains		7,625		34,278
Gains on disposition of fixed assets		7,571		1,921
Reversal of reserve for contingent liabilities from financial instruments transactions		53		1
Gains on sales of shares of subsidiaries		—		30,249
Gains on step acquisitions		—		2,105
Extraordinary losses		21,711		26,694
Losses on disposition of fixed assets		1,508		1,567
Losses on impairment of fixed assets		4,362		2,536
Losses on change in equity		15,223		21,311
Losses on sales of shares of affiliates		616		1,279

Profits before income taxes		405,728		461,083

Income taxes-current		52,521		56,635
Income taxes-deferred		12,850		(11,140	)

Total taxes		65,372		45,494

Profits		340,355		415,588

Profits attributable to non-controlling interests		25,355		24,521

Profits attributable to owners of parent		315,000		391,067

Mitsubishi UFJ Financial Group, Inc.


Consolidated Statements of Comprehensive Income
(in millions of yen)	For the three months ended June 30, 2018			For the three months ended June 30, 2019
Profits		340,355			415,588
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		(83,283	)		61,211
Net deferred gains (losses) on hedging instruments		(28,422	)		50,922
Land revaluation excess		—			36
Foreign currency translation adjustments		(125,714	)		(13,943	)
Remeasurements of defined benefit plans		9,635			(7,819	)
Share of other comprehensive income of associates accounted for using equity method		(143,589	)		4,190

Total other comprehensive income		(371,374	)		94,596

Comprehensive income		(31,018	)		510,185

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		(51,689	)		480,340
Comprehensive income attributable to non-controlling interests		20,671			29,845

Mitsubishi UFJ Financial Group, Inc.

(3) Notes on Going-Concern Assumption

None.

(4) Notes for Material Changes in Shareholders’ Equity

None.

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2019


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


1. Financial Results	[ MUFG Consolidated ]1[ BK and TB Combined ]234 [ BK Non-consolidated ][ TB Non-consolidated ]	1

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

3. Securities	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	6

4. ROE	[ MUFG Consolidated ]	9

5. Average Interest Rate Spread	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	10

6. Loans and Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	11

7. Statements of Trust Assets and Liabilities	[ TB Non-consolidated ]	12

(*1)	“MUFG” means Mitsubishi UFJ Financial Group, Inc.

(*2)	“BK” means MUFG Bank. Ltd.

(*3)	“TB” means Mitsubishi UFJ Trust and Banking Corporation.

(*4)	“BK and TB Combined” means simple sum of “BK” and “TB” without consolidation processes.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2019 (A)			June 30, 2018 (B)			Increase (Decrease) (A) - (B)
Gross profits		958,404			942,959			15,444
Gross profits before credit costs for trust accounts		958,404			942,959			15,444
Net interest income		444,303			480,543			(36,240	)
Trust fees		31,378			30,839			539
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		303,895			312,559			(8,663	)
Net trading profits		61,458			53,444			8,013
Net other operating profits		117,368			65,573			51,795
Net gains (losses) on debt securities		85,205			22,539			62,666
General and administrative expenses		670,067			656,587			13,479
Amortization of goodwill		4,495			4,261			233
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		292,831			290,633			2,198
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		288,336			286,371			1,965
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits*		288,336			286,371			1,965
Net non-recurring gains (losses)		165,162			133,443			31,719
Credit costs (3)		(25,857	)		(27,192	)		1,334
Losses on loan write-offs		(26,207	)		(27,201	)		994
Provision for specific allowance for credit losses		—			—			—
Other credit costs		349			9			340
Reversal of allowance for credit losses (4)		39,366			17,562			21,803
Reversal of reserve for contingent losses included in credit costs (5)		4,225			18,737			(14,512	)
Gains on loans written-off (6)		16,394			15,451			942
Net gains (losses) on equity securities		23,928			62,395			(38,467	)
Gains on sales of equity securities		36,872			67,314			(30,442	)
Losses on sales of equity securities		(8,788	)		(3,197	)		(5,591	)
Losses on write-down of equity securities		(4,155	)		(1,721	)		(2,433	)
Equity in earnings of equity method investees		79,299			84,488			(5,188	)
Other non-recurring gains (losses)		27,805			(38,000	)		65,806

Ordinary profits		453,499			419,814			33,684

Net extraordinary gains (losses)		7,584			(14,086	)		21,670
Losses on change in equity		(21,311	)		(15,223	)		(6,087	)
Gains on sales of shares of subsidiaries		30,249			—			30,249
Profits before income taxes		461,083			405,728			55,355
Income taxes-current		56,635			52,521			4,113
Income taxes-deferred		(11,140	)		12,850			(23,991	)
Total taxes		45,494			65,372			(19,878	)
Profits		415,588			340,355			75,233
Profits attributable to non-controlling interests		24,521			25,355			(834	)

Profits attributable to owners of parent		391,067			315,000			76,067

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)		34,128			24,560			9,568

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2019 (A)			June 30, 2018 (B)			Increase (Decrease) (A) - (B)
Gross profits		510,772			499,659			11,113
Gross profits before credit costs for trust accounts		510,772			499,659			11,113
Net interest income		246,885			281,178			(34,292	)
Trust fees		24,780			24,532			248
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		116,003			121,370			(5,366	)
Net trading profits		16,656			9,816			6,839
Net other operating profits		106,446			62,761			43,684
Net gains (losses) on debt securities		84,752			23,874			60,878
General and administrative expenses		336,876			331,552			5,324
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		173,895			168,106			5,788
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		173,895			168,106			5,788
Net non-recurring gains (losses)		131,715			89,806			41,908
Credit costs (3)		(1,589	)		(3,498	)		1,909
Losses on loan write-offs		(2,079	)		(3,457	)		1,378
Provision for specific allowance for credit losses		—			—			—
Other credit costs		489			(41	)		530
Reversal of allowance for credit losses (4)		65,411			29,001			36,409
Reversal of reserve for contingent losses included in credit costs (5)		1,935			18,695			(16,760	)
Gains on loans written-off (6)		3,630			3,968			(338	)
Net gains (losses) on equity securities		30,579			59,905			(29,325	)
Gains on sales of equity securities		43,623			65,778			(22,155	)
Losses on sales of equity securities		(8,914	)		(3,281	)		(5,633	)
Losses on write-down of equity securities		(4,129	)		(2,592	)		(1,536	)
Other non-recurring gains (losses)		31,747			(18,266	)		50,014

Ordinary profits		305,610			257,912			47,697

Net extraordinary gains (losses)		(1,372	)		10,302			(11,674	)
Income before income taxes		304,238			268,215			36,022
Income taxes-current		28,492			36,348			(7,855	)
Income taxes-deferred		44,601			10,493			34,107
Total taxes		73,093			46,841			26,251

Net income		231,145			221,373			9,771


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		69,387			48,167			21,219

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2019 (A)			June 30, 2018 (B)			Increase (Decrease) (A) - (B)
Gross profits		424,277			402,576			21,700
Net interest income		214,230			230,290			(16,059	)
Net fees and commissions		96,175			100,747			(4,571	)
Net trading profits		11,578			3,292			8,286
Net other operating profits		102,291			68,246			34,045
Net gains (losses) on debt securities		75,230			23,100			52,129
General and administrative expenses		289,204			284,921			4,282
Amortization of goodwill		87			88			(1	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		135,159			117,743			17,416
Net operating profits before provision for general allowance for credit losses		135,072			117,654			17,417
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits		135,072			117,654			17,417
Net non-recurring gains (losses)		133,413			92,069			41,344
Credit costs (2)		(1,581	)		(3,324	)		1,743
Reversal of allowance for credit losses (3)		65,357			27,284			38,073
Reversal of reserve for contingent losses included in credit costs (4)		1,911			18,695			(16,784	)
Gains on loans written-off (5)		3,629			3,964			(334	)
Net gains (losses) on equity securities		30,936			58,698			(27,761	)
Gains on sales of equity securities		36,694			64,013			(27,318	)
Losses on sales of equity securities		(2,240	)		(2,784	)		544
Losses on write-down of equity securities		(3,517	)		(2,530	)		(987	)
Other non-recurring gains (losses)		33,158			(13,249	)		46,407

Ordinary profits		268,485			209,723			58,762

Net extraordinary gains (losses)		(1,665	)		(5,121	)		3,456
Income before income taxes		266,820			204,602			62,218
Income taxes-current		29,247			37,691			(8,443	)
Income taxes-deferred		38,378			(6,128	)		44,506
Total taxes		67,625			31,562			36,062

Net income		199,195			173,039			26,155


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		69,318			46,620			22,698
Provision for general allowance for credit losses		(1,105	)		5,860			(6,966	)
Provision for special allowance for credit losses		66,425			21,503			44,921
Allowance for credit to specific foreign borrowers		37			(80	)		118
Losses on loans write-off		(2,070	)		(3,457	)		1,386
Provision for contingent losses included in credit costs		1,911			18,695			(16,784	)
Gains on loans written-off		3,629			3,964			(334	)
Losses on sales of other loans, etc.		489			132			356

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2019 (A)			June 30, 2018 (B)			Increase (Decrease) (A) - (B)
Gross profits		86,495			97,082			(10,587	)
Gross profits before credit costs for trust accounts		86,495			97,082			(10,587	)
Trust fees		24,780			24,532			248
Credit costs for trust accounts (1)		—			—			—
Net interest income		32,655			50,887			(18,232	)
Net fees and commissions		19,827			20,622			(795	)
Net trading profits		5,077			6,524			(1,447	)
Net other operating profits		4,154			(5,484	)		9,639
Net gains (losses) on debt securities		9,522			774			8,748
General and administrative expenses		47,672			46,630			1,041
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		38,822			50,451			(11,628	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		38,822			50,451			(11,628	)
Net non-recurring gains (losses)		(1,698	)		(2,262	)		564
Credit costs (3)		(8	)		(173	)		165
Reversal of allowance for credit losses (4)		53			1,717			(1,663	)
Reversal of reserve for contingent losses included in credit costs (5)		23			—			23
Gains on loans written-off (6)		0			4			(3	)
Net gains (losses) on equity securities		(356	)		1,206			(1,563	)
Gains on sales of equity securities		6,929			1,765			5,163
Losses on sales of equity securities		(6,674	)		(496	)		(6,177	)
Losses on write-down of equity securities		(611	)		(62	)		(549	)
Other non-recurring gains (losses)		(1,410	)		(5,017	)		3,606

Ordinary profits		37,124			48,189			(11,064	)

Net extraordinary gains (losses)		292			15,423			(15,130	)
Income before income taxes		37,417			63,612			(26,195	)
Income taxes-current		(755	)		(1,343	)		587
Income taxes-deferred		6,223			16,622			(10,399	)
Total taxes		5,467			15,278			(9,811	)

Net income		31,949			48,333			(16,384	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		69			1,547			(1,478	)
Credit costs for trust accounts		—			—			—
Provision for general allowance for credit losses		52			1,704			(1,651	)
Provision for special allowance for credit losses		1			12			(11	)
Allowance for credit to specific foreign borrowers		—			—			—
Losses on loans write-offs		(8	)		—			(8	)
Provision for contingent losses included in credit costs		23			(173	)		197
Gains on loans written-off		0			4			(3	)
Losses on sales of other loans, etc.		—			—			—

Mitsubishi UFJ Financial Group, Inc.

2. Non Performing Loans Based on the Financial Reconstruction Law

BK and TB Combined including Trust Account


	(in millions of yen)
	As of June 30, 2019			As of March 31, 2019
Bankrupt or De facto Bankrupt		94,447			106,612
Doubtful		279,898			351,417
Special Attention		175,416			181,216
Non Performing Loans		549,763			639,246
Total loans		100,552,228			102,088,618
Non Performing Loans / Total loans		0.54	%		0.62	%
BK Non-consolidated
	(in millions of yen)
	As of June 30, 2019			As of March 31, 2019
Bankrupt or De facto Bankrupt		93,769			106,026
Doubtful		276,681			348,192
Special Attention		173,182			178,838
Non Performing Loans		543,633			633,058
Total loans		95,597,046			97,347,444
Non Performing Loans / Total loans		0.56	%		0.65	%
TB Non-consolidated
	(in millions of yen)
	As of June 30, 2019			As of March 31, 2019
Bankrupt or De facto Bankrupt		678			585
Doubtful		3,212			3,219
Special Attention		2,116			2,258
Non Performing Loans		6,006			6,063
Total loans		4,941,596			4,727,090
Non Performing Loans / Total loans		0.12	%		0.12	%
TB Non-consolidated: Trust Account
	(in millions of yen)
	As of June 30, 2019			As of March 31, 2019
Bankrupt or De facto Bankrupt		0			0
Doubtful		4			4
Special Attention		118			119
Non Performing Loans		122			124
Total loans		13,585			14,083
Non Performing Loans / Total loans		0.90	%		0.88	%

Mitsubishi UFJ Financial Group, Inc.

3. Securities

MUFG Consolidated

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

(in millions of yen)

As of June 30, 2019

As of March 31, 2019

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Debt securities being held to maturity

4,346,104

21,278

4,448,167

11,047

(in millions of yen)

As of June 30, 2019

As of March 31, 2019

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Available-for-sale securities

58,137,744

3,405,231

60,578,654

3,335,691

Domestic equity securities

4,752,269

2,588,772

4,953,392

2,764,362

Domestic bonds

25,992,607

377,553

27,261,206

357,491

Other

27,392,867

438,905

28,364,055

213,838

Foreign equity securities

116,675

50,595

114,879

52,586

Foreign bonds

20,508,695

391,250

21,532,914

173,648

Other

6,767,497

(2,941

)

6,716,261

(12,396

)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

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

(in millions of yen)

As of June 30, 2019

As of March 31, 2019

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

2,129,430

34,374

2,149,931

33,864

Stocks of subsidiaries and affiliates

1,605,209

(352,653

)

1,187,700

(19,953

)

(in millions of yen)

As of June 30, 2019

As of March 31, 2019

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

41,736,439

2,496,370

43,913,005

2,553,484

Domestic equity securities

3,871,562

2,020,821

4,032,799

2,162,644

Domestic bonds

23,627,850

331,256

24,613,103

319,638

Other

14,237,026

144,291

15,267,102

71,201

Foreign equity securities

91,824

44,326

95,816

45,829

Foreign bonds

10,561,694

177,513

11,332,011

108,606

Other

3,583,507

(77,549

)

3,839,275

(83,235

)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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

(in millions of yen)

As of June 30, 2019

As of March 31, 2019

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

922,501

(4,069

)

942,676

(2,360

)

Stocks of subsidiaries and affiliates

54,901

(1,431

)

54,072

)

(in millions of yen)

As of June 30, 2019

As of March 31, 2019

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

11,829,026

823,055

12,521,803

752,676

Domestic equity securities

919,476

502,003

971,597

545,080

Domestic bonds

2,476,519

45,429

2,759,889

36,881

Other

8,433,031

275,622

8,790,317

170,714

Foreign equity securities

Foreign bonds

6,458,159

204,360

7,065,334

103,400

Other

1,974,779

71,207

1,724,890

67,260

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the three months ended June 30, 2019		For the three months ended June 30, 2018
ROE		11.36		9.46

Note:

ROE is computed as follows:

Profits attributable to owners of parent × 4

×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

Mitsubishi UFJ Financial Group, Inc.

5. Average Interest Rate Spread

BK and TB Combined


(Domestic business segment)	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2019		For the three months ended June 30, 2018
Average interest rate on loans and bills discounted		0.75		0.78
Average interest rate on deposits and NCD		0.00		0.00
Interest rate spread		0.74		0.77

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.80		0.83
Interest rate spread		0.79		0.82

BK Non-consolidated

(Domestic business segment)	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2019		For the three months ended June 30, 2018
Average interest rate on loans and bills discounted		0.78		0.81
Average interest rate on deposits and NCD		0.00		0.00
Interest rate spread		0.77		0.81

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.80		0.85
Interest rate spread		0.80		0.84

TB Non-consolidated

(Domestic business segment)	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2019		For the three months ended June 30, 2018
Average interest rate on loans and bills discounted		0.35		0.40
Average interest rate on deposits and NCD		0.03		0.05
Interest rate spread		0.31		0.35

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.66		0.58
Interest rate spread		0.62		0.53

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of June 30, 2019		As of March 31, 2019
Deposits (ending balance)		162,874,100		165,870,252
Deposits (average balance)		165,501,990		164,655,565
Loans (ending balance)		91,305,195		92,521,663
Loans (average balance)		92,967,236		94,785,607

	(in millions of yen)
	As of June 30, 2019		As of March 31, 2019
Domestic deposits (ending balance)*		139,760,868		142,049,459
Individuals		78,045,400		77,010,942

Note:

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

BK Non-consolidated


	(in millions of yen)
	As of June 30, 2019		As of March 31, 2019
Deposits (ending balance)		150,971,700		152,870,674
Deposits (average balance)		153,456,488		150,722,326
Loans (ending balance)		86,769,268		87,877,986
Loans (average balance)		88,335,508		89,463,553

	(in millions of yen)
	As of June 30, 2019		As of March 31, 2019
Domestic deposits (ending balance)*		129,378,872		130,623,932
Individuals		70,875,705		69,773,375

Note:

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

TB Non-consolidated


	(in millions of yen)
	As of June 30, 2019		As of March 31, 2019
Deposits (ending balance)		11,902,400		12,999,578
Deposits (average balance)		12,045,502		13,933,238
Loans (ending balance)		4,535,926		4,643,676
Loans (average balance)		4,631,728		5,322,053

	(in millions of yen)
	As of June 30, 2019		As of March 31, 2019
Domestic deposits (ending balance)*		10,381,995		11,425,527
Individuals		7,169,695		7,237,567

Note:

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

Mitsubishi UFJ Financial Group, Inc.

7. Statements of Trust Assets and Liabilities

TB Non-consolidated

Including trust assets under service-shared co-trusteeship


(in millions of yen)	As of March 31, 2019		As of June 30, 2019
Assets:
Loans and bills discounted		360,708		352,259
Securities		58,002,805		56,221,299
Beneficiary rights to the trust		79,369,495		81,374,599
Securities held in custody accounts		3,367,036		3,814,088
Monetary claims		18,475,973		18,773,223
Tangible fixed assets		14,466,100		14,762,046
Intangible fixed assets		134,221		134,449
Other claims		3,414,876		3,488,736
Call loans		1,062,298		1,044,916
Due from banking account		9,531,008		8,061,396
Cash and due from banks		5,860,812		4,771,534

Total		194,045,337		192,798,550

Liabilities:
Money trusts		25,237,376		24,151,127
Pension trusts		11,957,774		11,603,893
Property formation benefit trusts		7,528		7,316
Investment trusts		84,634,927		85,071,401
Money entrusted other than money trusts		4,088,974		4,193,633
Securities trusts		5,528,493		6,103,935
Monetary claim trusts		17,364,307		17,593,988
Equipment trusts		80,967		85,699
Land and fixtures trusts		43,889		43,832
Composite trusts		45,101,098		43,943,719

Total		194,045,337		192,798,550


Note:	1.	The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.

	2.	Trust assets and liabilities under a declaration of trust excluded from above table are 1,504 millions of yen as of March 31, 2019 and 26,623 millions of yen as of June 30, 2019, respectively.