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 2020

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. 333-242048) 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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 13, 2020

Mitsubishi UFJ Financial Group, Inc.
By:	/s/ Zenta Morokawa
Name:	Zenta Morokawa
Title:	Managing Director, Deputy Head of Corporate Administration Division

Consolidated Summary Report

<under Japanese GAAP>

for the six months ended September 30, 2020

November 13, 2020

Company name:	Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:	Tokyo, Nagoya, New York
Code number:	8306
URL	https://www.mufg.jp/
Representative:	Hironori Kamezawa, President & Group CEO
For inquiry:	Masahisa Takahashi, Managing Director, Head of Financial Accounting Office, Financial Planning Division
	TEL (03) 5218-8890
Quarterly securities report issuing date:	November 30, 2020
Dividend payment date:	December 7, 2020
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, 2020

(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
For the six months ended	million yen		%			million yen		%			million yen		%
September 30, 2020		3,139,256		(12.3	)		590,254		(25.4	)		400,826		(34.0	)
September 30, 2019		3,581,216		6.1			791,072		(10.7	)		606,964		(6.7	)

(*) Comprehensive income

September 30, 2020: 777,388 million yen, (4.6) %    ;    September 30, 2019: 814,782 million yen, 63.7 %

	Basic earnings per share		Diluted earnings per share
For the six months ended	yen		yen
September 30, 2020		31.21		31.11
September 30, 2019		46.96		46.86

(2) Financial Conditions

	Total Assets		Total Net Assets		Equity-to-asset ratio (*)
As of	million yen		million yen		%
September 30, 2020		348,428,258		17,322,460		4.7
March 31, 2020		336,571,379		16,855,738		4.8

(Reference) Shareholders’ equity as of       September 30, 2020: 16,456,873 million yen;       March 31, 2020: 15,990,834 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
For the fiscal year	yen		yen		yen		yen		yen
ended March 31, 2020		—		12.50		—		12.50		25.00
ending March 31, 2021		—		12.50
ending March 31, 2021 (Forecast)						—		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, 2021 (Consolidated)

MUFG has the target of 600.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2021.

(There is a change to our earnings target released on May 15, 2020.)

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, 2020	13,581,995,120 shares
		March 31, 2020	13,581,995,120 shares
(B)	Treasury stocks:	September 30, 2020	737,339,532 shares
		March 31, 2020	741,363,277 shares
(C)	Average outstanding of total stocks:	Six months ended September 30, 2020	12,842,231,893 shares
		Six months ended September 30, 2019	12,923,836,635 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
(5) Changes in Accounting Policies	8
(6) Additional Information	9

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Six Months Ended September 30, 2020”

(*) The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet.

Internet Conference:	November 13, 2020 (Friday)
Explanation for investors and analysts:	November 18, 2020 (Wednesday)

1

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

(in millions of yen)	As of         March 31, 2020			As of     September 30, 2020
Assets:
Cash and due from banks		78,335,634			93,517,405
Call loans and bills bought		727,598			549,019
Receivables under resale agreements		24,104,564			14,341,294
Receivables under securities borrowing transactions		3,464,533			3,203,108
Monetary claims bought		6,583,403			5,985,254
Trading assets		20,250,172			21,358,210
Money held in trust		1,046,323			1,088,807
Securities		65,555,127			75,005,468
Loans and bills discounted		109,114,612			108,477,009
Foreign exchanges		1,741,290			1,715,315
Other assets		13,900,403			12,157,305
Tangible fixed assets		1,319,789			1,308,784
Intangible fixed assets		1,498,407			1,446,397
Net defined benefit assets		712,206			746,240
Deferred tax assets		127,516			131,684
Customers’ liabilities for acceptances and guarantees		8,830,436			8,404,079
Allowance for credit losses		(740,641	)		(1,007,128	)
Total assets		336,571,379			348,428,258
Liabilities:
Deposits		187,623,551			201,704,284
Negotiable certificates of deposit		7,787,524			8,068,010
Call money and bills sold		3,671,100			3,825,353
Payables under repurchase agreements		31,692,711			26,277,329
Payables under securities lending transactions		1,058,042			851,295
Commercial papers		2,162,329			1,884,069
Trading liabilities		14,067,826			14,088,658
Borrowed money		24,651,574			29,338,276
Foreign exchanges		2,223,010			1,896,002
Short-term bonds payable		962,295			738,299
Bonds payable		13,464,472			13,625,854
Due to trust accounts		9,798,688			9,716,185
Other liabilities		10,407,459			9,279,701
Reserve for bonuses		110,964			86,531
Reserve for bonuses to directors		1,446			912
Reserve for stocks payment		11,298			9,379
Net defined benefit liabilities		86,547			87,003
Reserve for retirement benefits to directors		1,058			792
Reserve for loyalty award credits		31,247			32,596
Reserve for contingent losses		206,029			197,957
Reserves under special laws		4,269			4,367
Deferred tax liabilities		754,111			884,744
Deferred tax liabilities for land revaluation		107,641			104,109
Acceptances and guarantees		8,830,436			8,404,079
Total liabilities		319,715,640			331,105,798

2

Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)	As of         March 31, 2020			As of     September 30, 2020
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		980,102			977,294
Retained earnings		10,855,798			10,982,157
Treasury stock		(505,518	)		(502,946	)
Total shareholders’ equity		13,471,894			13,598,019
Net unrealized gains (losses) on available-for-sale securities		2,066,363			2,522,928
Net deferred gains (losses) on hedging instruments		189,342			227,888
Land revaluation excess		158,633			151,840
Foreign currency translation adjustments		300,838			107,633
Remeasurements of defined benefit plans		(159,766	)		(148,681	)
Debt value adjustments of foreign subsidiaries and affiliates		(36,470	)		(2,755	)
Total accumulated other comprehensive income		2,518,940			2,858,854
Subscription rights to shares		59			—
Non-controlling interests		864,844			865,586
Total net assets		16,855,738			17,322,460
Total liabilities and net assets		336,571,379			348,428,258

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, 2019		For the six months ended       September 30, 2020
Ordinary income		3,581,216		3,139,256
Interest income		1,961,292		1,438,090
Interest on loans and bills discounted		1,209,195		961,639
Interest and dividends on securities		348,956		237,729
Trust fees		65,013		71,386
Fees and commissions		731,230		726,752
Trading income		119,394		195,183
Other operating income		367,680		432,637
Other ordinary income		336,604		275,205
Ordinary expenses		2,790,144		2,549,001
Interest expenses		1,027,255		471,680
Interest on deposits		362,252		163,963
Fees and commissions		111,577		107,688
Other operating expenses		136,716		191,782
General and administrative expenses		1,338,911		1,374,768
Other ordinary expenses		175,682		403,082
Ordinary profits		791,072		590,254
Extraordinary gains		37,372		20,897
Gains on disposition of fixed assets		4,928		13,553
Gains on sales of shares of affiliates		—		7,344
Reversal of reserve for contingent liabilities from financial instruments transactions		1		—
Gains on sales of shares of subsidiaries		30,336		—
Gains on step acquisitions		2,105		—
Extraordinary losses		46,537		38,533
Losses on disposition of fixed assets		5,284		4,365
Losses on impairment of fixed assets		16,609		17,489
Provision for reserve for contingent liabilities from financial instruments transactions		—		97
Losses on change in equity		21,311		16,580
Losses on sales of shares of affiliates		3,332		—
Profits before income taxes		781,906		572,619
Income taxes-current		106,322		171,042
Income taxes-deferred		19,224		(38,663	)
Total taxes		125,546		132,378
Profits		656,359		440,240
Profits attributable to non-controlling interests		49,395		39,413
Profits attributable to owners of parent		606,964		400,826

4

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income

(in millions of yen)	For the six months ended       September 30, 2019			For the six months ended       September 30, 2020
Profits		656,359			440,240
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		245,078			415,417
Net deferred gains (losses) on hedging instruments		66,646			40,733
Land revaluation excess		36			—
Foreign currency translation adjustments		(112,523	)		(167,272	)
Remeasurements of defined benefit plans		(10,082	)		10,425
Share of other comprehensive income of associates accounted for using equity method		(30,732	)		37,843
Total other comprehensive income		158,422			337,147
Comprehensive income		814,782			777,388
(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		759,266			748,486
Comprehensive income attributable to non-controlling interests		55,516			28,901

5

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets

For the six months ended September 30, 2019

	(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			1,034,641			10,640,655			(516,649	)		13,300,160						2,249,231			122,516
Cumulative effects of changes in accounting policies								(17,550	)					(17,550	)
Restated balance		2,141,513			1,034,641			10,623,105			(516,649	)		13,282,610						2,249,231			122,516
Changes during the period
Cash dividends								(142,552	)					(142,552	)
Profits attributable to owners of parent								606,964						606,964
Repurchase of treasury stock											(10	)		(10	)
Disposal of treasury stock					(752	)					2,452			1,700
Reversal of land revaluation excess								2,743						2,743
Changes in subsidiaries’ equity					(428	)								(428	)
Net changes of items other than shareholders’ equity																				286,055			64,348
Total changes during the period		—			(1,180	)		467,156			2,442			468,417						286,055			64,348
Balance at the end of the period		2,141,513			1,033,460			11,090,261			(514,207	)		13,751,027						2,535,286			186,864
	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		167,681			339,713			(4,729	)		4,702			2,879,115			217			1,082,184			17,261,677
Cumulative effects of changes in accounting policies																							(17,550	)
Restated balance		167,681			339,713			(4,729	)		4,702			2,879,115			217			1,082,184			17,244,127
Changes during the period
Cash dividends																							(142,552	)
Profits attributable to owners of parent																							606,964
Repurchase of treasury stock																							(10	)
Disposal of treasury stock																							1,700
Reversal of land revaluation excess																							2,743
Changes in subsidiaries’ equity																							(428	)
Net changes of items other than shareholders’ equity		(2,707	)		(166,645	)		(9,996	)		(21,556	)		149,497			(157	)		(2,949	)		146,390
Total changes during the period		(2,707	)		(166,645	)		(9,996	)		(21,556	)		149,497			(157	)		(2,949	)		614,808
Balance at the end of the period		164,974			173,067			(14,726	)		(16,853	)		3,028,613			59			1,079,235			17,858,936

6

Mitsubishi UFJ Financial Group, Inc.

For the six months ended September 30, 2020

	(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			980,102			10,855,798			(505,518	)		13,471,894			2,066,363						189,342
Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates								(120,236	)					(120,236	)
Restated balance		2,141,513			980,102			10,735,561			(505,518	)		13,351,657			2,066,363						189,342
Changes during the period
Cash dividends								(160,918	)					(160,918	)
Profits attributable to owners of parent								400,826						400,826
Repurchase of treasury stock											(4	)		(4	)
Disposal of treasury stock					(0	)					2,577			2,577
Reversal of land revaluation excess								6,792						6,792
Changes of application of equity method								(104	)					(104	)
Changes in subsidiaries’ equity					(2,807	)								(2,807	)
Net changes of items other than shareholders’ equity																	456,565						38,546
Total changes during the period		—			(2,807	)		246,596			2,572			246,361			456,565						38,546
Balance at the end of the period		2,141,513			977,294			10,982,157			(502,946	)		13,598,019			2,522,928						227,888
	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		158,633			300,838			(159,766	)		(36,470	)		2,518,940			59			864,844			16,855,738
Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates																				(24,806	)		(145,043	)
Restated balance		158,633			300,838			(159,766	)		(36,470	)		2,518,940			59			840,037			16,710,695
Changes during the period
Cash dividends																							(160,918	)
Profits attributable to owners of parent																							400,826
Repurchase of treasury stock																							(4	)
Disposal of treasury stock																							2,577
Reversal of land revaluation excess																							6,792
Changes of application of equity method																							(104	)
Changes in subsidiaries’ equity																							(2,807	)
Net changes of items other than shareholders’ equity		(6,792	)		(193,205	)		11,084			33,714			339,913			(59	)		25,548			365,403
Total changes during the period		(6,792	)		(193,205	)		11,084			33,714			339,913			(59	)		25,548			611,764
Balance at the end of the period		151,840			107,633			(148,681	)		(2,755	)		2,858,854			—			865,586			17,322,460

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Mitsubishi UFJ Financial Group, Inc.

(4) Notes on Going-Concern Assumption

None.

(5) Changes in Accounting Policies

(Additional Information)

(Adoption of Accounting Standard for Fair Value Measurement)

Accounting Standard Board of Japan (“ASBJ”) Statement No. 30, “Accounting Standard for Fair Value Measurement”(ASBJ, July 4, 2019; hereinafter referred to as “Accounting Standard for Fair Value Measurement”) and ASBJ Guidance No. 31, “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ, July 4, 2019), have been applied since the end of the previous fiscal year. In accordance with Paragraph 8 of the Accounting Standard for Fair Value Measurement, the risk adjustment method applied to determine the fair value of derivatives was modified to use as much as possible observable inputs estimated by reference to derivatives and other instruments traded in the market. This modification was made due to the application of the Accounting Standard for Fair Value Measurement. In accordance with the transitional measures set forth in Paragraph 20 of the Accounting Standard for Fair Value Measurement, the cumulative effect of retroactively applying the new accounting policy prior to the beginning of the previous fiscal year was recognized as adjustments to retained earnings at the beginning of the previous fiscal year, and the new accounting policy was applied as of the beginning of the previous fiscal year as a change in MUFG’s accounting policies.

Accordingly, the consolidated financial statements as of and for the six months ended September 30, 2019 reflect the retroactive application of the new accounting policy.

The retroactive application of the new accounting policy resulted in a decrease of ¥4,198 million in each of ordinary profits and profits before income taxes and a decrease of ¥0.23 in each of basic earnings per share and diluted earnings per share for the six months ended September 30, 2019. In addition, due to the cumulative effect of the retroactive application of the new accounting policy on net assets as of the beginning of the previous fiscal year, the balance of retained earnings as of the beginning of the previous fiscal year decreased by ¥20,533 million, and net assets per share as of the beginning of the previous fiscal year decreased by ¥1.58.

(Adoption of U.S. Accounting Standards Update (“ASU”) 2016-13, “Measurement of Credit Losses on Financial Instruments”)

Certain overseas subsidiaries which apply Generally Accepted Accounting Principles in the United States (“U.S. GAAP”) adopted ASU2016-13, “Measurement of Credit Losses on Financial Instruments” from the beginning of the six months ended September 30, 2020. This update replaces the incurred loss impairment methodology in previous U.S. GAAP with a methodology that reflects expected credit losses, and full lifetime expected credit losses will be recognized upon initial recognition of a financial asset measured on an amortized cost basis by taking into account certain forecasted information such as macroeconomic indicators. In adopting the accounting standard, retained earnings were adjusted for the cumulative effect at the beginning of the six months ended September 30, 2020.

As a result, at the beginning of the six months ended September 30, 2020, allowance for credit losses increased by ¥172,363 million, retained earnings decreased by ¥118,374 million, and net assets per share decreased by ¥9.21.

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Mitsubishi UFJ Financial Group, Inc.

(6) Additional Information

(Estimated impact of the COVID-19 pandemic relating to provision for credit losses)

MUFG Bank, Ltd. (“the Bank”), a major consolidated subsidiary of MUFG recorded a provision for credit losses of ¥35,461 million for the six months ended September 30, 2020 (¥45,347 million for the fiscal year ended March 31, 2020) by estimating the impact of the COVID-19 pandemic on credit risk, to the extent that such impact was considered not to have been reflected in the borrowers’ financial information as of September 30, 2020, considering the expected impact of the pandemic on the borrowers’ financial performance and on the overall economic environment.

The process for preparing the recorded provision amount involved, among other things, determining the scope of borrowers (in terms of industry, geographical region, etc.) that were expected to be significantly affected, making certain assumptions relating to economic factors based on certain scenarios, and collectively estimating the degree to which the internal credit ratings assigned to borrowers in particular industries or geographic regions would be downgraded.

Since there was no precedent or established market view regarding the extent of the pandemic or the timing of containment of the pandemic available for reference in considering the expected impact of the pandemic on economic conditions, the Bank made certain assumptions and estimated the amount, as best as it could under the circumstances, based on, among other things, such assumptions and information available from external sources and through an approval process in accordance with prescribed internal rules.

As of March 31, 2020 and June 30, 2020, one of our assumptions was that economic conditions would recover to the calendar 2019 level by around the end of calendar 2020 globally. As of September 30, 2020, we updated this assumption and assumed that such economic recovery would still take some time. As a result, although the global economy has begun to recover, our assumptions included, among other things, that the pace of recovery in economic activity would be slow and that economic recovery to pre-pandemic levels, particularly in developed countries, would thus be gradual. These assumptions, however, are highly uncertain, and, depending on future developments, significant additional provision for credit losses may be recognized for the nine-month period ending December 31, 2020 and subsequent reporting periods due to such developments affecting the impact of the COVID-19 pandemic on the financial performance of borrowers and other transaction counterparties or on the economic environment.

(Major overseas subsidiaries’ total credit costs which are expected to be reflected in MUFG’s consolidated financial statements as of and for the third quarter of the fiscal year ending March 31, 2021)

Major overseas subsidiaries which were consolidated based on their financial statements as of and for the quarter ended June 30, 2020 adopted ASU 2016-13, “Measurement of Credit Losses on Financial Instruments,” the new guidance that introduced the concept of current expected credit loss, as of the beginning of the first quarter of the fiscal year ending December 31, 2020. As a result, these subsidiaries record provision for allowance for credit losses by taking into account certain forecasted information such as macroeconomic indicators.

Under the new guidance, it is currently estimated that the subsidiaries’ total credit costs for the quarter ended September 30, 2020 will be approximately ¥40 billion in total. The subsidiaries’ total credit costs will be reflected in MUFG’s consolidated financial statements as of and for the quarter ending December 31, 2020.

The definition of total credit costs is described in “1. Financial Results” of “Selected Financial Information under Japanese GAAP For the Six Months Ended September 30, 2020”.

9

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 30, 2020

Mitsubishi UFJ Financial Group, Inc.         

Mitsubishi UFJ Financial Group, Inc.

[Contents]

1. Financial Results	[ MUFG Consolidated ]*1 [ BK and TB Combined ]*2*3*4	——	1
	[ BK Consolidated ][ BK Non-consolidated ]
	[ TB Consolidated ][ TB Non-consolidated ]
2. Average Interest Rate Spread	[ BK Non-consolidated ] [ TB Non-consolidated ] [ BK and TB Combined ]	——	7
3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting	[ MUFG Consolidated ][ BK Consolidated ] [ TB Consolidated ]	——	8
4. Securities	[ MUFG Consolidated ] [ BK Non-consolidated ] [ TB Non-consolidated ]	——	9
5. ROE	[ MUFG Consolidated ]	——	12
6. Risk-Adjusted Capital Ratio	[ MUFG Consolidated ][ BK Consolidated ] [ TB Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	——	13
7. Risk-Monitored Loans	[ MUFG Consolidated ] [ BK Non-consolidated ] [ TB Non-consolidated ] [ TB Non-consolidated : Trust Account ]	——	14
8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)	[ BK and TB Combined including Trust Account ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Account ]	——	18
9. Progress in Disposition of Problem Assets	[ BK Non-consolidated ] [ TB 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	[ BK and TB Combined including Trust Accounts ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Accounts ]	——	25
11. Overseas Loans	[ BK Consolidated excl. MUAH, KS, BDI ]*5*6*7	——	29
12. Loans and Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	——	30
13. Domestic Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	——	31
14. Status of Deferred Tax Assets	[ BK Non-consolidated ][ TB Non-consolidated ]	——	32
(Reference)
1. Impact of the COVID-19 pandemic on MUFG business		——	34
2. Financial Statements	[ BK Non-consolidated ][ TB Non-consolidated ]	——	35

(*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.

(*5) “MUAH” means MUFG Americas Holdings Corporation.

(*6) “KS” means Bank of Ayudhya Public Company Limited.

(*7) “BDI” means PT Bank Danamon Indonesia, Tbk.

Note:

Accounting Standard Board of Japan (“ASBJ”) Statement No. 30, “Accounting Standard for Fair Value Measurement” and ASBJ Guidance No. 31, “Implementation Guidance on Accounting Standard for Fair Value Measurement” have been applied since the end of the previous fiscal year.

Accordingly, the financial information of “MUFG”, “BK and TB Combined” and “BK (Consolidated and Non-consolidated) ”, for the six months ended September 30, 2019 reflect the retroactive application of the new accounting standard, etc.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated

	(in millions of yen)
	For the six months ended						Increase
	September 30, 2020 (A)			September 30, 2019 (B)			(Decrease) (A) - (B)
Gross profits		2,093,005			1,969,139			123,866
Gross profits before credit costs for trust accounts		2,093,005			1,969,138			123,866
Net interest income		966,516			934,114			32,401
Trust fees		71,386			65,013			6,372
Credit costs for trust accounts (1)		(0	)		0			(0	)
Net fees and commissions		619,063			619,652			(588	)
Net trading profits		195,183			119,394			75,788
Net other operating profits		240,854			230,963			9,891
Net gains (losses) on debt securities		201,910			179,502			22,408
General and administrative expenses		1,352,549			1,342,022			10,527
Amortization of goodwill		8,209			11,596			(3,387	)
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		748,664			638,712			109,952
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		740,455			627,115			113,339
Provision for general allowance for credit losses (2)		(78,662	)		(24,067	)		(54,594	)
Net operating profits*		661,792			603,048			58,743
Net non-recurring gains (losses)		(71,538	)		188,023			(259,561	)
Credit costs (3)		(210,658	)		(43,362	)		(167,295	)
Losses on loan write-offs		(87,852	)		(68,027	)		(19,824	)
Provision for specific allowance for credit losses		(122,640	)		23,277			(145,917	)
Other credit costs		(166	)		1,387			(1,553	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		—			5,232			(5,232	)
Gains on loans written-off (6)		30,894			44,103			(13,208	)
Net gains (losses) on equity securities		24,281			17,722			6,559
Gains on sales of equity securities		67,191			78,519			(11,327	)
Losses on sales of equity securities		(27,395	)		(29,844	)		2,448
Losses on write-down of equity securities		(15,514	)		(30,952	)		15,438
Equity in earnings of equity method investees		153,190			149,612			3,577
Other non-recurring gains (losses)		(69,246	)		14,715			(83,961	)
Ordinary profits		590,254			791,072			(200,817	)
Net extraordinary gains (losses)		(17,635	)		(9,165	)		(8,470	)
Net gains (losses) on disposition of fixed assets		9,188			(356	)		9,544
Losses on impairment of fixed assets		(17,489	)		(16,609	)		(880	)
Losses on change in equity		(16,580	)		(21,311	)		4,730
Gains on sales of shares of affiliates		7,344			—			7,344
Gains on sales of shares of subsidiaries		—			30,336			(30,336	)
Profits before income taxes		572,619			781,906			(209,287	)
Income taxes-current		171,042			106,322			64,719
Income taxes-deferred		(38,663	)		19,224			(57,887	)
Total taxes		132,378			125,546			6,831
Profits		440,240			656,359			(216,119	)
Profits attributable to non-controlling interests		39,413			49,395			(9,981	)
Profits attributable to owners of parent		400,826			606,964			(206,137	)
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)		(258,426	)		(18,093	)		(240,332	)
Number of consolidated subsidiaries		254			248			6
Number of affiliated companies accounted for under the equity method		50			54			(4	)

1

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined

	(in millions of yen)
	For the six months ended						Increase
	September 30, 2020 (A)			September 30, 2019 (B)			(Decrease) (A) - (B)
Gross profits		1,049,580			1,011,628			37,951
Gross profits before credit costs for trust accounts		1,049,580			1,011,628			37,951
Domestic gross profits		449,349			582,576			(133,226	)
Net interest income		276,853			330,316			(53,463	)
Trust fees		57,740			51,740			5,999
Credit costs for trust accounts (1)		(0	)		0			(0	)
Net fees and commissions		143,343			156,335			(12,991	)
Net trading profits		2,929			7,382			(4,453	)
Net other operating profits		(31,517	)		36,800			(68,318	)
Net gains (losses) on debt securities		(27,999	)		30,649			(58,649	)
Non-domestic gross profits		600,230			429,052			171,177
Net interest income		214,369			160,326			54,042
Net fees and commissions		71,654			83,237			(11,582	)
Net trading profits		59,866			20,420			39,446
Net other operating profits		254,340			165,068			89,271
Net gains (losses) on debt securities		214,265			146,281			67,983
General and administrative expenses		664,640			661,550			3,090
Personnel expenses		219,372			223,265			(3,892	)
Non-personnel expenses		404,760			402,460			2,300
Taxes		40,507			35,824			4,683
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		384,939			350,078			34,861
Provision for general allowance for credit losses (2)		13,548			—			13,548
Net operating profits		398,488			350,078			48,409
Net non-recurring gains (losses)		(79,207	)		132,068			(211,275	)
Credit costs (3)		(68,301	)		(4,447	)		(63,854	)
Losses on loan write-offs		(10,885	)		(6,029	)		(4,855	)
Provision for specific allowance for credit losses		(57,703	)		—			(57,703	)
Other credit costs		287			1,582			(1,295	)
Reversal of allowance for credit losses (4)		38			64,322			(64,284	)
Reversal of reserve for contingent losses included in credit costs (5)		2,625			1,938			687
Gains on loans written-off (6)		3,290			15,413			(12,123	)
Net gains (losses) on equity securities		19,166			20,101			(935	)
Gains on sales of equity securities		61,700			83,033			(21,333	)
Losses on sales of equity securities		(27,580	)		(30,721	)		3,140
Losses on write-down of equity securities		(14,953	)		(32,210	)		17,257
Other non-recurring gains (losses)		(36,026	)		34,739			(70,765	)
Ordinary profits		319,281			482,147			(162,866	)
Net extraordinary gains (losses)		(2,582	)		(13,315	)		10,732
Net gains (losses) on disposition of fixed assets		9,058			9			9,049
Losses on impairment of fixed assets		(12,034	)		(13,410	)		1,376
Gains on sales of shares of subsidiaries		2,372			—			2,372
Losses on sales of shares of affiliates		(1,978	)		—			(1,978	)
Income before income taxes		316,698			468,831			(152,133	)
Income taxes-current		97,399			54,225			43,173
Income taxes-deferred		(15,705	)		66,860			(82,566	)
Total taxes		81,694			121,086			(39,392	)
Net income		235,004			347,744			(112,740	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(48,798	)		77,227			(126,026	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		198,674			173,146			25,527
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		205,942			182,375			23,567

2

Mitsubishi UFJ Financial Group, Inc.

BK Consolidated

	(in millions of yen)
	For the six months ended						Increase
	September 30, 2020 (A)			September 30, 2019 (B)			(Decrease) (A) - (B)
Gross profits		1,477,478			1,391,260			86,218
Net interest income		811,596			795,836			15,760
Trust fees		6,289			6,248			40
Net fees and commissions		308,772			325,744			(16,971	)
Net trading profits		99,202			29,791			69,410
Net other operating profits		251,617			233,639			17,977
Net gains (losses) on debt securities		205,602			168,505			37,097
General and administrative expenses		917,816			927,971			(10,155	)
Amortization of goodwill		3,112			11,267			(8,154	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		562,774			474,556			88,218
Net operating profits before provision for general allowance for credit losses		559,662			463,288			96,373
Provision for general allowance for credit losses (1)		(86,514	)		—			(86,514	)
Net operating profits*		473,148			463,288			9,859
Net non-recurring gains (losses)		(156,447	)		75,244			(231,692	)
Credit costs (2)		(158,401	)		(27,306	)		(131,094	)
Losses on loan write-offs		(48,714	)		(28,638	)		(20,075	)
Provision for specific allowance for credit losses		(109,521	)		—			(109,521	)
Other credit costs		(165	)		1,332			(1,497	)
Reversal of allowance for credit losses (3)		—			11,873			(11,873	)
Reversal of reserve for contingent losses included in credit costs (4)		—			5,283			(5,283	)
Gains on loans written-off (5)		20,033			33,171			(13,138	)
Net gains (losses) on equity securities		24,392			21,594			2,798
Gains on sales of equity securities		52,994			72,041			(19,047	)
Losses on sales of equity securities		(20,149	)		(18,037	)		(2,112	)
Losses on write-down of equity securities		(8,451	)		(32,410	)		23,958
Equity in earnings of equity method investees		9,646			9,650			(3	)
Other non-recurring gains (losses)		(52,119	)		20,977			(73,097	)
Ordinary profits		316,700			538,532			(221,832	)
Net extraordinary gains (losses)		(7,299	)		18,128			(25,427	)
Net gains (losses) on disposition of fixed assets		9,179			(1,422	)		10,601
Losses on impairment of fixed assets		(16,478	)		(12,891	)		(3,587	)
Gains on sales of shares of subsidiaries		—			30,336			(30,336	)
Profits before income taxes		309,400			556,660			(247,260	)
Income taxes-current		145,457			91,158			54,299
Income taxes-deferred		(52,807	)		64,885			(117,692	)
Total taxes		92,650			156,043			(63,393	)
Profits		216,749			400,617			(183,867	)
Profits attributable to non-controlling interests		7,308			26,318			(19,010	)
Profits attributable to owners of parent		209,441			374,298			(164,857	)
Note:
* Net operating profits = Net operating profits of BK + 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)		(224,882	)		23,022			(247,904	)
Number of consolidated subsidiaries		123			123			—
Number of affiliated companies accounted for under the equity method		41			43			(2	)

3

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

	(in millions of yen)
	For the six months ended						Increase
	September 30, 2020 (A)			September 30, 2019 (B)			(Decrease) (A) - (B)
Gross profits		888,620			843,828			44,791
Domestic gross profits		334,796			449,466			(114,669	)
Net interest income		258,016			296,727			(38,711	)
Net fees and commissions		104,838			114,224			(9,386	)
Net trading profits		2,218			1,540			678
Net other operating profits		(30,276	)		36,972			(67,249	)
Net gains (losses) on debt securities		(27,072	)		24,890			(51,963	)
Non-domestic gross profits		553,823			394,362			159,460
Net interest income		166,329			134,726			31,602
Net fees and commissions		70,242			81,896			(11,654	)
Net trading profits		58,504			19,173			39,330
Net other operating profits		258,747			158,565			100,181
Net gains (losses) on debt securities		219,755			140,769			78,985
General and administrative expenses		567,008			567,282			(273	)
Personnel expenses		186,818			193,112			(6,293	)
Non-personnel expenses		343,989			343,535			454
Amortization of goodwill		763			174			589
Taxes		36,200			30,634			5,565
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		322,375			276,720			45,654
Net operating profits before provision for general allowance for credit losses		321,611			276,546			45,065
Provision for general allowance for credit losses (1)		13,548			—			13,548
Net operating profits		335,160			276,546			58,614
Net non-recurring gains (losses)		(71,347	)		133,022			(204,369	)
Credit costs (2)		(68,295	)		(4,436	)		(63,859	)
Reversal of allowance for credit losses (3)		—			63,645			(63,645	)
Reversal of reserve for contingent losses included in credit costs (4)		2,479			1,898			580
Gains on loans written-off (5)		3,290			15,413			(12,122	)
Net gains (losses) on equity securities		21,000			19,796			1,204
Gains on sales of equity securities		49,407			69,412			(20,004	)
Losses on sales of equity securities		(19,983	)		(17,947	)		(2,035	)
Losses on write-down of equity securities		(8,423	)		(31,668	)		23,244
Other non-recurring gains (losses)		(29,822	)		36,704			(66,527	)
Ordinary profits		263,812			409,568			(145,755	)
Net extraordinary gains (losses)		334			(13,768	)		14,103
Net gains (losses) on disposition of fixed assets		9,264			(1,360	)		10,624
Losses on impairment of fixed assets		(11,300	)		(12,408	)		1,107
Gains on sales of shares of subsidiaries		2,372			—			2,372
Income before income taxes		264,147			395,799			(131,651	)
Income taxes-current		88,424			48,902			39,521
Income taxes-deferred		(18,005	)		58,351			(76,357	)
Total taxes		70,418			107,254			(36,835	)
Net income		193,728			288,545			(94,816	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(48,977	)		76,520			(125,498	)
Provision for general allowance for credit losses		13,548			(1,768	)		15,316
Provision for special allowance for credit losses		(57,703	)		65,358			(123,062	)
Allowance for credit to specific foreign borrowers		29			54			(24	)
Losses on loans write-off		(10,879	)		(6,018	)		(4,860	)
Provision for contingent losses included in credit costs		2,479			1,898			580
Gains on loans written-off		3,290			15,413			(12,122	)
Losses on sales of other loans, etc.		257			1,582			(1,324	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities		128,929			110,886			18,042
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		130,664			113,919			16,744

4

Mitsubishi UFJ Financial Group, Inc.

TB Consolidated

	(in millions of yen)
	For the six months ended						Increase
	September 30, 2020 (A)			September 30, 2019 (B)			(Decrease) (A) - (B)
Gross profits		242,050			212,723			29,327
Gross profits before credit costs for trust accounts		242,050			212,722			29,328
Trust fees		65,310			58,907			6,402
Trust fees before credit costs for trust accounts		65,310			58,906			6,403
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		13,190			8,285			4,904
Other trust fees		52,119			50,621			1,498
Credit costs for trust accounts (1)		(0	)		0			(0	)
Net interest income		54,448			43,862			10,586
Net fees and commissions		116,011			88,317			27,693
Net trading profits		5,711			9,443			(3,731	)
Net other operating profits		569			12,192			(11,622	)
Net gains (losses) on debt securities		(6,416	)		10,896			(17,313	)
General and administrative expenses		178,142			141,116			37,026
Amortization of goodwill		5,094			528			4,565
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		69,003			72,135			(3,132	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		63,908			71,606			(7,697	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits*		63,908			71,606			(7,698	)
Net non-recurring gains (losses)		(5,801	)		94			(5,896	)
Credit costs (3)		(20	)		(61	)		40
Losses on loan write-offs		(20	)		(19	)		(0	)
Provision for specific allowance for credit losses		—			—			—
Other credit costs		—			(41	)		41
Reversal of allowance for credit losses (4)		102			634			(532	)
Reversal of reserve for contingent losses included in credit costs (5)		1			—			1
Gains on loans written-off (6)		6			34			(27	)
Net gains (losses) on equity securities		(1,820	)		323			(2,143	)
Gains on sales of equity securities		12,293			13,621			(1,328	)
Losses on sales of equity securities		(7,597	)		(12,773	)		5,175
Losses on write-down of equity securities		(6,515	)		(525	)		(5,990	)
Profits (losses) from investments in affiliates		2,480			790			1,690
Other non-recurring gains (losses)		(6,550	)		(1,626	)		(4,924	)
Ordinary profits		58,106			71,701			(13,594	)
Net extraordinary gains (losses)		6,887			675			6,212
Net gains (losses) on disposition of fixed assets		276			1,686			(1,410	)
Losses on impairment of fixed assets		(733	)		(1,011	)		278
Gains on sales of shares of affiliates		7,344			—			7,344
Profits before income taxes		64,994			72,376			(7,382	)
Income taxes-current		15,165			9,943			5,222
Income taxes-deferred		238			8,456			(8,218	)
Total taxes		15,404			18,400			(2,995	)
Profits		49,590			53,976			(4,386	)
Profits attributable to non-controlling interests		190			315			(125	)
Profits attributable to owners of parent		49,399			53,660			(4,261	)

Note:
* Net operating profits = Net operating profits of TB + 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)	89	608	(519	)
Number of consolidated subsidiaries	100	88	12
Number of affiliated companies accounted for under the equity method	5	7	(2	)

TB Consolidated(combined operating results of TB and transferred entities to Intermediate Holding Company in the United States)

To comply with the financial regulations in the United States, TB transferred the interests in its subsidiaries in the United States to the Intermediate Holding Company(“IHC”) in United States which are owned by BK and MUFG.

The combined operating results of TB 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	63,599	71,971	(8,371	)
Profits attributable to owners of parent	49,118	53,873	(4,755	)
Number of the entities transferred to IHC	4	4	—

5

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

	(in millions of yen)
	For the six months ended						Increase
	September 30, 2020 (A)			September 30, 2019 (B)			(Decrease) (A) - (B)
Gross profits		160,960			167,800			(6,840	)
Gross profits before credit costs for trust accounts		160,960			167,799			(6,839	)
Domestic gross profits		114,553			133,110			(18,556	)
Trust fees		57,740			51,740			5,999
Trust fees before credit costs for trust accounts		57,740			51,740			6,000
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		13,190			8,285			4,904
Other trust fees		44,550			43,454			1,095
Credit costs for trust accounts (1)		(0	)		0			(0	)
Net interest income		18,837			33,589			(14,751	)
Net fees and commissions		38,505			42,110			(3,605	)
Net trading profits		710			5,841			(5,131	)
Net other operating profits		(1,240	)		(171	)		(1,068	)
Net gains (losses) on debt securities		(927	)		5,759			(6,686	)
Non-domestic gross profits		46,406			34,689			11,716
Net interest income		48,040			25,599			22,440
Net fees and commissions		1,412			1,340			71
Net trading profits		1,362			1,246			115
Net other operating profits		(4,407	)		6,502			(10,910	)
Net gains (losses) on debt securities		(5,489	)		5,512			(11,002	)
General and administrative expenses		97,632			94,267			3,364
Personnel expenses		32,554			30,153			2,401
Non-personnel expenses		60,770			58,925			1,845
Taxes		4,307			5,189			(882	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		63,327			73,531			(10,204	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		63,327			73,532			(10,204	)
Net non-recurring gains (losses)		(7,859	)		(953	)		(6,905	)
Credit costs (3)		(6	)		(11	)		4
Reversal of allowance for credit losses (4)		38			677			(639	)
Reversal of reserve for contingent losses included in credit costs (5)		146			39			106
Gains on loans written-off (6)		—			0			(0	)
Net gains (losses) on equity securities		(1,834	)		305			(2,139	)
Gains on sales of equity securities		12,293			13,621			(1,328	)
Losses on sales of equity securities		(7,597	)		(12,773	)		5,175
Losses on write-down of equity securities		(6,529	)		(542	)		(5,986	)
Other non-recurring gains (losses)		(6,203	)		(1,965	)		(4,238	)
Ordinary profits		55,468			72,578			(17,110	)
Net extraordinary gains (losses)		(2,917	)		453			(3,370	)
Net gains (losses) on disposition of fixed assets		(205	)		1,369			(1,575	)
Losses on impairment of fixed assets		(733	)		(1,001	)		268
Losses on sales of shares of affiliates		(1,978	)		—			(1,978	)
Income before income taxes		52,550			73,031			(20,481	)
Income taxes-current		8,975			5,322			3,652
Income taxes-deferred		2,300			8,509			(6,209	)
Total taxes		11,275			13,832			(2,556	)
Net income		41,275			59,199			(17,924	)
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		178			706			(528	)
Credit costs for trust accounts		(0	)		0			(0	)
Provision for general allowance for credit losses		206			658			(451	)
Provision for special allowance for credit losses		(168	)		18			(187	)
Allowance for credit to specific foreign borrowers		—			—			—
Losses on loans write-offs		(6	)		(11	)		4
Provision for contingent losses included in credit costs		146			39			106
Gains on loans written-off		—			0			(0	)
Losses on sales of other loans, etc.		—			—			—
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		69,744			62,259			7,484
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		75,278			68,455			6,823

6

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BK Non-consolidated

	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2020 (A)			Increase (Decrease) (A) - (B)			For the six months ended September 30, 2019 (B)
Total average interest rate on interest-earning assets (a)		0.40			(0.11	)		0.51
Average interest rate on loans and bills discounted (b)		0.72			(0.05	)		0.78
Average interest rate on securities		0.26			(0.35	)		0.61
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.41			(0.08	)		0.49
Average interest rate on deposits and NCD (d)		0.00			(0.00	)		0.00
Average interest rate on other liabilities		0.14			(0.06	)		0.20
Overall interest rate spread (a)-(c)		(0.01	)		(0.03	)		0.01
Interest rate spread (b)-(d)		0.72			(0.05	)		0.77
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.74			(0.05	)		0.80
Interest rate spread (e)-(d)		0.74			(0.05	)		0.80
TB Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2020 (A)			Increase (Decrease) (A) - (B)			For the six months ended September 30, 2019 (B)
Total average interest rate on interest-earning assets (a)		0.38			(0.24	)		0.62
Average interest rate on loans and bills discounted (b)		0.32			(0.03	)		0.35
Average interest rate on securities		1.48			(0.20	)		1.68
Total average interest rate on interest-bearing liabilities (c)		0.13			(0.00	)		0.13
Average interest rate on deposits and NCD (d)		0.02			(0.01	)		0.04
Overall interest rate spread (a)-(c)		0.25			(0.23	)		0.48
Interest rate spread (b)-(d)		0.29			(0.02	)		0.31
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.63			(0.03	)		0.67
Interest rate spread (e)-(d)		0.60			(0.02	)		0.62
BK and TB Combined
	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2020 (A)			Increase (Decrease) (A) - (B)			For the six months ended September 30, 2019 (B)
Average interest rate on loans and bills discounted (a)		0.70			(0.05	)		0.75
Average interest rate on deposits and NCD (b)		0.00			(0.00	)		0.00
Interest rate spread (a)-(b)		0.69			(0.05	)		0.74
(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (c)		0.74			(0.05	)		0.80
Interest rate spread (c)-(b)		0.74			(0.05	)		0.79

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, 2020
	within 1 year		1 year to 5 years		over 5 years		Total
Receive-fix/pay-floater		2,732.5		5,839.3		7,446.7		16,018.6
Receive-floater/pay-fix		1,183.2		1,492.2		1,871.9		4,547.4
Receive-floater/pay-floater		—		—		—		—
Receive-fix/pay-fix		—		—		—		—
Total		3,915.7		7,331.6		9,318.6		20,566.0
BK Consolidated
	(in billions of yen)
	As of September 30, 2020
	within 1 year		1 year to 5 years		over 5 years		Total
Receive-fix/pay-floater		2,474.0		5,419.1		7,319.9		15,213.1
Receive-floater/pay-fix		859.9		285.8		536.9		1,682.6
Receive-floater/pay-floater		—		—		—		—
Receive-fix/pay-fix		—		—		—		—
Total		3,333.9		5,704.9		7,856.8		16,895.7
TB Consolidated
	(in billions of yen)
	As of September 30, 2020
	within 1 year		1 year to 5 years		over 5 years		Total
Receive-fix/pay-floater		258.5		336.5		103.1		698.2
Receive-floater/pay-fix		299.4		1,123.6		1,293.4		2,716.5
Receive-floater/pay-floater		—		—		—		—
Receive-fix/pay-fix		—		—		—		—
Total		557.9		1,460.2		1,396.5		3,414.8

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, 2020									As of March 31, 2020
	Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses
Debt securities being held to maturity		3,930,249		41,805			60,631		18,825		4,165,781		12,113			43,847		31,734
Domestic bonds		1,100,510		26,629			26,629		—		1,100,574		29,855			29,855		—
Government bonds		1,100,510		26,629			26,629		—		1,100,574		29,855			29,855		—
Municipal bonds		—		—			—		—		—		—			—		—
Short-term corporate bonds		—		—			—		—		—		—			—		—
Corporate bonds		—		—			—		—		—		—			—		—
Other		2,829,738		15,176			34,001		18,825		3,065,206		(17,742	)		13,991		31,734
Foreign bonds		873,214		33,805			33,849		43		1,034,835		9,696			13,715		4,018
Other		1,956,524		(18,629	)		152		18,782		2,030,371		(27,439	)		276		27,715
	(in millions of yen)
	As of September 30, 2020									As of March 31, 2020
	Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses
Available-for-sale securities		71,724,908		3,552,516			3,806,716		254,199		62,151,189		2,888,631			3,361,658		473,026
Domestic equity securities		4,686,125		2,747,258			2,815,865		68,607		4,141,355		2,139,981			2,222,330		82,349
Domestic bonds		38,647,767		182,932			202,714		19,782		27,473,106		171,378			206,512		35,134
Government bonds		30,936,329		135,291			149,583		14,292		20,643,048		123,911			152,196		28,284
Municipal bonds		3,343,505		15,067			16,585		1,517		2,952,820		14,076			16,279		2,202
Short-term corporate bonds		440,057		48			48		—		—		—			—		—
Corporate bonds		3,927,874		32,524			36,498		3,973		3,877,238		33,389			38,036		4,647
Other		28,391,015		622,325			788,135		165,810		30,536,727		577,271			932,815		355,543
Foreign equity securities		71,065		6,596			10,560		3,963		79,521		12,671			12,690		19
Foreign bonds		22,556,051		624,832			634,516		9,684		24,502,462		738,144			798,956		60,811
Other		5,763,898		(9,103	)		143,057		152,161		5,954,743		(173,544	)		121,168		294,712

9

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”.

Fair Value Information on Securities

	(in millions of yen)
	As of September 30, 2020									As of March 31, 2020
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Debt securities being held to maturity		1,906,717		17,816			26,686		8,869		1,944,533		18,785			30,046		11,260
Stocks of subsidiaries and affiliates		625,594		32,710			36,989		4,278		627,818		(17,184	)		4,344		21,529
	(in millions of yen)
	As of September 30, 2020									As of March 31, 2020
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Available-for-sale securities		55,184,964		2,407,236			2,571,945		164,708		46,321,585		1,991,487			2,347,728		356,240
Domestic equity securities		3,830,208		2,154,598			2,217,413		62,815		3,374,636		1,651,395			1,725,564		74,169
Domestic bonds		36,692,769		171,081			187,186		16,105		25,770,967		154,064			186,191		32,127
Other		14,661,985		81,556			167,344		85,787		17,175,981		186,027			435,971		249,943
Foreign equity securities		46,237		(67	)		3,895		3,963		53,695		6,530			6,549		19
Foreign bonds		11,974,328		123,557			124,936		1,378		13,997,325		370,202			401,257		31,055
Other		2,641,420		(41,933	)		38,512		80,445		3,124,961		(190,704	)		28,164		218,868
Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of September 30, 2020									As of March 31, 2020
	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		18,940,577		9,852,180			5,175,325		3,825,196		10,106,478		9,245,170			4,078,218		3,441,674
Government bonds		18,667,365		7,489,254			2,138,702		2,484,940		9,902,705		7,188,369			1,106,011		2,096,962
Municipal bonds		34,263		1,018,623			2,265,332		—		11,351		759,253			2,156,905		—
Short-term corporate bonds		—		—			—		—		—		—			—		—
Corporate bonds		238,948		1,344,302			771,290		1,340,255		192,421		1,297,547			815,301		1,344,712
Other		2,683,269		4,003,724			4,813,820		3,367,727		2,600,654		2,410,872			3,474,229		8,298,085
Foreign bonds		2,302,403		2,825,626			4,360,835		2,485,463		2,257,468		1,269,228			3,078,456		7,392,171
Other		380,866		1,178,098			452,984		882,263		343,186		1,141,643			395,772		905,914
Total		21,623,847		13,855,905			9,989,145		7,192,923		12,707,132		11,656,042			7,552,448		11,739,760

10

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, 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, 2020									As of March 31, 2020
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Debt securities being held to maturity		1,040,467		(9,109	)		—		9,109		1,059,871		(15,289	)		—		15,289
Stocks of subsidiaries and affiliates		70,366		(783	)		485		1,268		28,482		(1,873	)		23		1,896
	(in millions of yen)
	As of September 30, 2020									As of March 31, 2020
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Available-for-sale securities		11,496,721		908,744			992,618		83,873		10,698,869		727,878			834,142		106,263
Domestic equity securities		892,218		530,268			540,709		10,440		807,271		432,023			447,382		15,359
Domestic bonds		1,929,265		11,719			15,524		3,804		1,710,778		16,171			19,308		3,136
Other		8,675,238		366,755			436,383		69,628		8,180,820		279,683			367,451		87,767
Foreign equity securities		48		39			39		—		44		35			35		—
Foreign bonds		6,876,732		334,700			339,276		4,576		6,616,153		262,471			280,229		17,757
Other		1,798,457		32,016			97,068		65,052		1,564,622		17,176			87,186		70,009
Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of September 30, 2020									As of March 31, 2020
	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		828,275		297,851			135,429		667,709		511,354		462,237			148,843		588,343
Government bonds		372,168		227,575			50,594		570,599		492,702		400,279			50,562		504,756
Municipal bonds		—		5,829			19,456		—		—		4,097			21,212		—
Short-term corporate bonds		440,057		—			—		—		—		—			—		—
Corporate bonds		16,049		64,446			65,378		97,110		18,652		57,861			77,068		83,587
Other		291,920		1,683,191			2,988,414		3,600,759		343,946		1,834,493			2,519,427		3,586,770
Foreign bonds		203,884		1,501,108			2,856,136		3,356,070		248,629		1,634,668			2,359,975		3,432,751
Other		88,035		182,083			132,277		244,689		95,317		199,825			159,451		154,018
Total		1,120,195		1,981,043			3,123,843		4,268,468		855,300		2,296,731			2,668,270		4,175,113

11

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

	(%)
	For the six months ended September 30, 2020 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2019 (B)
ROE		5.83		(2.97	)		8.80

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, 2020 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
(1) Total capital ratio (4)/(7)		16.55	%		0.68	%		15.87	%
(2) Tier 1 capital ratio (5)/(7)		14.11	%		0.54	%		13.56	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.52	%		0.61	%		11.90	%
(4) Total capital		18,764.4			484.8			18,279.5
(5) Tier 1 capital		15,998.0			374.6			15,623.3
(6) Common Equity Tier 1 capital		14,188.1			479.8			13,708.3
(7) Risk weighted assets		113,312.5			(1,823.0	)		115,135.6
(8) Required Capital (7)×8%		9,065.0			(145.8	)		9,210.8
BK Consolidated
	(in billions of yen)
	As of September 30, 2020 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
(1) Total capital ratio (4)/(7)		15.00	%		0.56	%		14.43	%
(2) Tier 1 capital ratio (5)/(7)		12.66	%		0.36	%		12.29	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		11.13	%		0.42	%		10.70	%
(4) Total capital		14,488.1			202.5			14,285.6
(5) Tier 1 capital		12,229.4			59.4			12,170.0
(6) Common Equity Tier 1 capital		10,754.0			156.9			10,597.1
(7) Risk weighted assets		96,568.9			(2,404.7	)		98,973.6
(8) Required Capital (7)×8%		7,725.5			(192.3	)		7,917.8
TB Consolidated
	(in billions of yen)
	As of September 30, 2020 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
(1) Total capital ratio (4)/(7)		25.30	%		(0.16	)%		25.46	%
(2) Tier 1 capital ratio (5)/(7)		22.10	%		0.19	%		21.90	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		19.86	%		0.40	%		19.46	%
(4) Total capital		2,048.1			158.1			1,889.9
(5) Tier 1 capital		1,789.4			163.7			1,625.7
(6) Common Equity Tier 1 capital		1,608.0			163.7			1,444.3
(7) Risk weighted assets		8,095.3			674.6			7,420.6
(8) Required Capital (7)×8%		647.6			53.9			593.6
BK Non-consolidated
	(in billions of yen)
	As of September 30, 2020 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
(1) Total capital ratio (4)/(7)		15.22	%		0.46	%		14.76	%
(2) Tier 1 capital ratio (5)/(7)		12.90	%		0.38	%		12.52	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		11.15	%		0.48	%		10.67	%
(4) Total capital		12,344.3			252.0			12,092.2
(5) Tier 1 capital		10,460.0			205.4			10,254.6
(6) Common Equity Tier 1 capital		9,044.4			305.4			8,738.9
(7) Risk weighted assets		81,055.3			(831.7	)		81,887.1
(8) Required Capital (7)×8%		6,484.4			(66.5	)		6,550.9
TB Non-consolidated
	(in billions of yen)
	As of September 30, 2020 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
(1) Total capital ratio (4)/(7)		24.87	%		(0.54	)%		25.42	%
(2) Tier 1 capital ratio (5)/(7)		22.04	%		(0.23	)%		22.27	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		20.05	%		(0.06	)%		20.11	%
(4) Total capital		2,262.9			131.4			2,131.5
(5) Tier 1 capital		2,004.7			137.0			1,867.7
(6) Common Equity Tier 1 capital		1,823.7			137.0			1,686.7
(7) Risk weighted assets		9,095.7			711.8			8,383.9
(8) Required Capital (7)×8%		727.6			56.9			670.7

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 BK and TB 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, 2020 (A)		% to total loans and bills discounted			As of March 31, 2020 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		41,034		0.03	%		39,125		0.03	%		1,908			0.00	%
Non-accrual delinquent loans		800,786		0.73	%		650,698		0.59	%		150,088			0.14	%
Accruing loans contractually past due 3 months or more		26,608		0.02	%		17,238		0.01	%		9,370			0.00	%
Restructured loans		389,287		0.35	%		382,772		0.35	%		6,515			0.00	%
Total risk monitored loans		1,257,717		1.15	%		1,089,835		0.99	%		167,882			0.16	%
Total loans and bills discounted		108,477,009					109,114,612					(637,603	)
Written-off		301,379					296,288					5,091
(2)   Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2020 (A)		% to total risk monitored loans			As of March 31, 2020 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		1,007,128		80.07	%		740,641		67.95	%		266,487			12.11	%
General allowance for credit losses		706,834					532,830					174,004
Specific allowance for credit losses		300,148					207,636					92,512
Allowance for credit to specific foreign borrowers		145					174					(29	)
(3)   Classification of Risk-Monitored Loans

Classified by Geographic Area

	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		675,837		621,344		54,492
Overseas		581,880		468,490		113,390
Asia		279,337		259,181		20,156
Indonesia		57,565		44,179		13,386
Singapore		50,327		51,358		(1,030	)
Thailand		157,833		150,728		7,105
Hong Kong		779		1,806		(1,026	)
Other		12,830		11,108		1,722
Americas		188,122		145,574		42,548
Europe, Middle East and Other		114,420		63,735		50,685
Total		1,257,717		1,089,835		167,882
Classified by Industry
	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		675,837		621,344		54,492
Manufacturing		109,739		109,416		322
Construction		8,503		8,823		(319	)
Wholesale and retail		108,193		107,574		618
Finance and insurance		4,338		1,157		3,180
Real estate, goods rental and leasing		55,128		39,365		15,762
Services		63,735		57,950		5,784
Other industries		18,493		15,104		3,389
Consumer		307,705		281,951		25,754
Overseas		581,880		468,490		113,390
Financial institutions		10,712		1,209		9,503
Commercial and industrial		446,636		362,389		84,246
Other		124,532		104,892		19,640
Total		1,257,717		1,089,835		167,882

14

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1)   Risk-Monitored Loans
	(in millions of yen)
	As of September 30, 2020 (A)		% to total loans and bills discounted			As of March 31, 2020 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		31,643		0.03	%		27,350		0.03	%		4,292			0.00	%
Non-accrual delinquent loans		447,077		0.50	%		366,444		0.41	%		80,632			0.09	%
Accruing loans contractually past due 3 months or more		15,980		0.01	%		9,083		0.01	%		6,897			0.00	%
Restructured loans		244,042		0.27	%		212,187		0.24	%		31,855			0.03	%
Total risk monitored loans		738,744		0.83	%		615,067		0.69	%		123,676			0.13	%
Total loans and bills discounted		88,346,810					88,258,295					88,514
Written-off		248,962					244,600					4,361
(2)   Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2020 (A)		% to total risk monitored loans			As of March 31, 2020 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		341,162		46.18	%		308,908		50.22	%		32,254			(4.04	)%
General allowance for credit losses		218,920					232,468					(13,548	)
Specific allowance for credit losses		122,097					76,264					45,832
Allowance for credit to specific foreign borrowers		145					174					(29	)
(3)   Classification of Risk-Monitored Loans

Classified by Geographic Area

	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		494,438		432,954		61,484
Overseas		244,305		182,113		62,192
Asia		63,991		64,386		(395	)
Indonesia		168		171		(3	)
Singapore		50,327		51,358		(1,030	)
Thailand		—		—		—
Hong Kong		779		1,806		(1,026	)
Other		12,715		11,050		1,665
Americas		80,400		65,863		14,536
Europe, Middle East and Other		99,913		51,863		48,050
Total		738,744		615,067		123,676
Classified by Industry
	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		494,438		432,954		61,484
Manufacturing		109,726		109,403		322
Construction		8,494		8,813		(318	)
Wholesale and retail		108,073		107,446		627
Finance and insurance		4,334		1,154		3,180
Real estate		30,443		30,012		430
Goods rental and leasing		24,672		9,335		15,336
Services		63,726		57,940		5,785
Other industries		18,486		15,096		3,389
Consumer		126,481		93,751		32,730
Overseas		244,305		182,113		62,192
Financial institutions		—		—		—
Commercial and industrial		244,027		181,870		62,156
Other		278		242		35
Total		738,744		615,067		123,676

15

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1)    Risk-Monitored Loans

	(in millions of yen)
	As of September 30, 2020 (A)		% to total loans and bills discounted			As of March 31, 2020 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		—		—			—		—			—			—
Non-accrual delinquent loans		2,162		0.05	%		2,319		0.05	%		(156	)		0.00	%
Accruing loans contractually past due 3 months or more		—		—			—		—			—			—
Restructured loans		—		—			—		—			—			—
Total risk monitored loans		2,162		0.05	%		2,319		0.05	%		(156	)		0.00	%
Total loans and bills discounted		3,698,967					4,081,093					(382,125	)
Written-off		54					48					6
(2)    Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2020 (A)		% to total risk monitored loans			As of March 31, 2020 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		1,424		65.85	%		1,462		63.04	%		(37	)		2.81	%
General allowance for credit losses		793					999					(206	)
Specific allowance for credit losses		631					462					168
Allowance for credit to specific foreign borrowers		—					—					—

(3)    Classification of Risk-Monitored Loans

Classified by Geographic Area

	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		2,162		2,319		(156	)
Overseas		—		—		—
Asia		—		—		—
Indonesia		—		—		—
Singapore		—		—		—
Thailand		—		—		—
Hong Kong		—		—		—
Other		—		—		—
Americas		—		—		—
Europe, Middle East and Other		—		—		—
Total		2,162		2,319		(156	)
Classified by Industry
	(in millions of yen
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		2,162		2,319		(156	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		11		16		(4	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		2,150		2,302		(152	)
Overseas		—		—		—
Financial institutions		—		—		—
Commercial and industrial		—		—		—
Other		—		—		—
Total		2,162		2,319		(156	)

16

Mitsubishi UFJ Financial Group, Inc.

TB 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, 2020 (A)		% to total loans and bills discounted			As of March 31, 2020 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		—		—			—		—			—			—
Non-accrual delinquent loans		—		—			0		0.00	%		(0	)		(0.00	)%
Accruing loans contractually past due 3 months or more		10		0.14	%		—		—			10			0.14	%
Restructured loans		0		0.00	%		3		0.02	%		(3	)		(0.02	)%
Total risk monitored loans		11		0.14	%		3		0.03	%		7			0.11	%
Total loans and bills discounted		7,390					12,285					(4,895	)

(2)   Allowance for Credit Losses

	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Allowance for bad debts		22		36		(14	)

(3) Classification of Risk-Monitored Loans

Classified by Industry

	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		11		3		7
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		—		—		—
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		11		3		7
Total		11		3		7

17

Mitsubishi UFJ Financial Group, Inc.

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

BK and TB 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, 2020 (A)			As of March 31, 2020 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		157,833			121,990			35,843
Doubtful		347,355			310,975			36,379
Special Attention		260,023			221,271			38,752
Non Performing Loans (1)		765,212			654,237			110,975
Normal		99,151,369			99,954,031			(802,662	)
Total		99,916,581			100,608,268			(691,687	)
Non Performing Loans / Total		0.76	%		0.65	%		0.11	%
(2)   Status of Coverage of Non Performing Loans
	(in millions of yen)
	As of September 30, 2020 (A)			As of March 31, 2020 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		612,180			515,289			96,891
Allowance for credit losses		186,759			140,511			46,247
Collateral, guarantees, etc.		425,420			374,777			50,643
Coverage ratio (2) / (1)		80.00	%		78.76	%		1.23	%

(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

157,833

15,700

142,133

——

100.00

%

[121,990

]

[2,772

]

[119,217

]

[100.00

%]

Doubtful

347,355

106,027

169,109

——

79.20

%

[310,975

]

[72,607

]

[170,444

]

[78.15

%]

Special Attention

260,023

65,031

114,177

——

68.92

%

[221,271

]

[65,131

]

[85,115

]

[67.90

%]

Total

765,212

186,759

425,420

——

80.00

%

[654,237

]

[140,511

]

[374,777

]

[78.76

%]

Note: The upper figures are as of September 30, 2020. The lower figures with brackets are as of March 31, 2020.

(4) Classified by Industry

	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		503,712		442,033		61,679
Manufacturing		111,985		111,393		591
Construction		8,494		8,813		(318	)
Wholesale and retail		111,099		110,391		707
Finance and insurance		4,628		1,459		3,169
Real estate		30,612		30,188		424
Goods rental and leasing		24,672		9,335		15,336
Services		64,263		58,405		5,857
Other industries		19,289		15,899		3,389
Consumer		128,666		96,146		32,520
Overseas		261,499		212,203		49,295
Financial institutions		—		—		—
Commercial and industrial		261,115		211,851		49,263
Other		384		351		32
Total		765,212		654,237		110,975

18

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Non Performing Loans

	(in millions of yen)
	As of September 30, 2020 (A)			As of March 31, 2020 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		157,789			121,940			35,849
Doubtful		345,217			308,695			36,521
Special Attention		260,023			221,271			38,752
Non Performing Loans (1)		763,031			651,907			111,123
Normal		95,345,236			95,754,905			(409,668	)
Total		96,108,268			96,406,813			(298,545	)
Non Performing Loans / Total		0.79	%		0.67	%		0.11	%
(2)   Status of Coverage of Non Performing Loans
	(in millions of yen)
	As of September 30, 2020 (A)			As of March 31, 2020 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		609,999			512,960			97,038
Allowance for credit losses		186,759			140,511			46,247
Collateral, guarantees, etc.		423,239			372,448			50,790
Coverage ratio (2) / (1)		79.94	%		78.68	%		1.25	%

(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

157,789

15,700

142,089

100.00

%

100.00

%

[121,940

]

[2,772

]

[119,167

]

[100.00

%]

[100.00

%]

Doubtful

345,217

106,027

166,972

59.48

%

79.08

%

[308,695

]

[72,607

]

[168,165

]

[51.66

%]

[77.99

%]

Special Attention

260,023

65,031

114,177

44.58

%

68.92

%

[221,271

]

[65,131

]

[85,115

]

[47.83

%]

[67.90

%]

Total

763,031

186,759

423,239

54.96

%

79.94

%

[651,907

]

[140,511

]

[372,448

]

[50.27

%]

[78.68

%]

Note: The upper figures are as of September 30, 2020. The lower figures with brackets are as of March 31, 2020.

(4) Classified by Industry

	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		501,531		439,704		61,827
Manufacturing		111,985		111,393		591
Construction		8,494		8,813		(318	)
Wholesale and retail		111,099		110,391		707
Finance and insurance		4,628		1,459		3,169
Real estate		30,600		30,171		429
Goods rental and leasing		24,672		9,335		15,336
Services		64,263		58,405		5,857
Other industries		19,289		15,899		3,389
Consumer		126,497		93,833		32,664
Overseas		261,499		212,203		49,295
Financial institutions		—		—		—
Commercial and industrial		261,115		211,851		49,263
Other		384		351		32
Total		763,031		651,907		111,123

19

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non Performing Loans

	(in millions of yen)
	As of September 30, 2020 (A)			As of March 31, 2020 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		43			49			(6	)
Doubtful		2,126			2,275			(149	)
Special Attention		—			—			—
Non Performing Loans (1)		2,170			2,325			(155	)
Normal		3,798,752			4,186,844			(388,091	)
Total		3,800,922			4,189,169			(388,247	)
Non Performing Loans / Total		0.05	%		0.05	%		0.00	%
(2)   Status of Coverage of Non Performing Loans
	(in millions of yen)
	As of September 30, 2020 (A)			As of March 31, 2020 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		2,170			2,325			(155	)
Allowance for credit losses		—			—			—
Collateral, guarantees, etc.		2,170			2,325			(155	)
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

43

—

43

—

100.00

%

[ 49

]

[—

]

[ 49

]

[—

]

[100.00

%]

Doubtful

2,126

—

2,126

—

100.00

%

[2,275

]

[—

]

[2,275

]

[—

]

[100.00

%]

Special Attention

—

—

—

—

—

[—

]

[—

]

[—

]

[—

]

[—

]

Total

2,170

—

2,170

—

100.00

%

[2,325

]

[—

]

[2,325

]

[—

]

[100.00

%]

Note: The upper figures are as of September 30, 2020. The lower figures with brackets are as of March 31, 2020.

(4) Classified by Industry

	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		2,170		2,325		(155)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		11		16		(4	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		2,158		2,309		(151	)
Overseas		—		—		—
Financial institutions		—		—		—
Commercial and industrial		—		—		—
Other		—		—		—
Total		2,170		2,325		(155)

20

Mitsubishi UFJ Financial Group, Inc.

TB 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, 2020 (A)			As of March 31, 2020 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		—			0			(0	)
Doubtful		11			3			7
Special Attention		—			—			—
Non Performing Loans (1)		11			3			7
Normal		7,379			12,281			(4,902	)
Total		7,390			12,285			(4,895	)
Non Performing Loans / Total		0.14	%		0.03	%		0.11	%
(2)   Status of Coverage of Non Performing Loans
	(in millions of yen)
	As of September 30, 2020 (A)			As of March 31, 2020 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		10			2			7
Allowance for credit losses		—			—			—
Collateral, guarantees, etc.		10			2			7
Coverage ratio (2) / (1)		99.25	%		79.42	%		19.83	%
(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

—   [0

]

—   [—

]

—   [0

]

——

—   [100.00

%]

Doubtful

11 [3

]

—   [—

]

10 [2

]

——

99.25 [79.00

%  %]

Special Attention

—   [—

]

—   [—

]

—   [—

]

——

—   [—

]

Total

11 [3

]

—   [—

]

10 [2

]

——

99.25 [79.42

%  %]

Note:  The upper figures are as of September 30, 2020. The lower figures with brackets are as of March 31, 2020. (4)   Classified by Industry

	(in millions of yen)
	As of September 30, 2020 (A)		As of March 31, 2020 (B)		Increase (Decrease) (A) - (B)
Domestic		11		3		7
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		—		—		—
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		11		3		7
Total		11		3		7

21

Mitsubishi UFJ Financial Group, Inc.

Overview of Non-Performing Loans

BK and TB 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	[142.1]		[12.0]	[3.6] (*1)	100.00%	i) Bankrupt or De facto Bankrupt [157.8]	Loans to bankrupt borrowers [31.6]
Substantially     Bankrupt     Borrowers							Non-accrual delinquent loans [449.2]
Potentially     Bankrupt     Borrowers	[169.1]		[178.2]		59.48%	ii) Doubtful [347.3]
Borrowers     Requiring     Caution     (Special     Attention     Borrowers)	[260.0]				44.58%	iii) Special Attention [260.0]	Accruing loans contractually past due 3 months or more [15.9]
							Restructured loans [244.0]
Borrowers     Requiring     Caution     (Other     Borrowers)						iv) Normal [99,143.9]
Normal     Borrowers
						Non-Performing Loans Based on the “FRL”	Risk-Monitored Loans
						i) + ii) + iii)
						765.2	740.9
						Total
						i) + ii) + iii) + iv)
						99,909.1

(*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

BK Non-consolidated

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

	(in millions of yen)
	As of March 31, 2018		As of March 31, 2019		As of March 31, 2020 (A)		As of September 30, 2020 (B)		(B) - (A)
Assets newly categorized during fiscal 2017		125,207		33,393		22,912		21,217		(1,694	)
Assets newly categorized during fiscal 2018				178,183		27,831		23,939		(3,891	)
Assets newly categorized during fiscal 2019						196,249		139,414		(56,835	)
Assets newly categorized during fiscal 2020								150,161

(2)   Progress in Disposition of Problem Assets

	(in millions of yen)
	For the first half of the fiscal year ended September 30, 2020
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		899
Reconstructive treatment		17,843
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		3,849
Write-offs		12,252
Others		42,945
Collection / Repayment		28,065
Upgrade		14,880
Total		77,790		30,808		46,982
Amount in process for disposition		136,030

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.

TB 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, 2018		As of March 31, 2019		As of March 31, 2020 (A)		As of September 30, 2020 (B)		(B) - (A)
Assets newly categorized during fiscal 2017		1,319		491		267		252		(14	)
Assets newly categorized during fiscal 2018				1,067		381		167		(214	)
Assets newly categorized during fiscal 2019						841		470		(371	)
Assets newly categorized during fiscal 2020								542

(2)   Progress in Disposition of Problem Assets

	(in millions of yen)
	For the first half of the fiscal year ended September 30, 2020
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		—
Reconstructive treatment		—
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		—
Write-offs		6
Others		684
Collection / Repayment		195
Upgrade		489
Total		691		7		684
Amount in process for disposition		103

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

BK and TB Combined including Trust Accounts

(1) Loans Classified by Type of Industry

	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Domestic offices (excluding loans booked at offshore markets)		69,471,936			2,896,261			66,575,675
Manufacturing		12,644,372			2,412,961			10,231,411
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		176,809			(8,787	)		185,596
Construction		714,801			26,532			688,269
Utilities		2,074,756			156,971			1,917,785
Communication and information services		1,274,080			(57,254	)		1,331,334
Transport and postal activities		2,466,456			259,555			2,206,901
Wholesale and retail		6,813,629			360,954			6,452,675
Finance and insurance		7,757,483			(669,116	)		8,426,599
Real estate		8,797,718			69,401			8,728,317
Goods rental and leasing		2,562,872			111,151			2,451,721
Services		3,118,739			361,866			2,756,873
Municipal government		1,013,342			97,981			915,361
Other industries (including loans to the Japanese government)		20,056,876			(225,951	)		20,282,827
Overseas offices and loans booked at offshore markets		22,896,246			(3,227,299	)		26,123,546
Total		92,368,182			(331,038	)		92,699,221
(2)   Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Total domestic consumer loans		15,400,212			(201,821	)		15,602,034
Housing loans		14,667,706			(152,450	)		14,820,157
Residential purpose		12,820,440			(120,844	)		12,941,284
Other		732,506			(49,371	)		781,877
(3)   Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Outstanding amount		38,817,589			(156,697	)		38,974,286
% to total domestic loans		55.87	%		(2.66	)%		58.54	%

25

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Loans Classified by Type of Industry

	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Domestic offices (excluding loans booked at offshore markets)		65,769,350			3,327,295			62,442,054
Manufacturing		12,642,972			2,411,572			10,231,400
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		176,809			(8,787	)		185,596
Construction		714,801			26,532			688,269
Utilities		2,029,756			156,971			1,872,785
Communication and information services		1,264,070			(57,836	)		1,321,906
Transport and postal activities		2,446,329			260,265			2,186,064
Wholesale and retail		6,813,629			360,954			6,452,675
Finance and insurance		6,524,926			(462,280	)		6,987,206
Real estate		8,793,616			69,997			8,723,619
Goods rental and leasing		2,562,872			111,151			2,451,721
Services		3,078,919			361,886			2,717,033
Municipal government		1,012,977			102,132			910,845
Other industries (including loans to the Japanese government)		17,707,674			(5,261	)		17,712,935
Overseas offices and loans booked at offshore markets		22,577,459			(3,238,780	)		25,816,240
Total		88,346,810			88,514			88,258,295
(2)   Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Total domestic consumer loans		14,456,928			(154,872	)		14,611,801
Housing loans		13,726,406			(105,830	)		13,832,237
Residential purpose		11,880,065			(74,442	)		11,954,507
Other		730,521			(49,042	)		779,563
(3)   Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Outstanding amount		37,254,106			(45,214	)		37,299,320
% to total domestic loans		56.64	%		(3.09	)%		59.73	%

26

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Loans Classified by Type of Industry

	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Domestic offices (excluding loans booked at offshore markets)		3,380,181			(393,606	)		3,773,787
Manufacturing		—			(11	)		11
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		—			—			—
Communication and information services		10,010			582			9,428
Transport and postal activities		127			(710	)		837
Wholesale and retail		—			—			—
Finance and insurance		1,203,805			(160,809	)		1,364,614
Real estate		2,162			(238	)		2,400
Goods rental and leasing		—			—			—
Services		39,820			(20	)		39,840
Municipal government		—			—			—
Other industries (including loans to the Japanese government)		2,124,256			(232,399	)		2,356,655
Overseas offices and loans booked at offshore markets		318,786			11,480			307,305
Total		3,698,967			(382,125	)		4,081,093
(2)   Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Total domestic consumer loans		938,247			(46,540	)		984,787
Housing loans		936,266			(46,214	)		982,480
Residential purpose		935,572			(46,054	)		981,626
Other		1,980			(325	)		2,306
(3)   Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Outstanding amount		1,316,596			(122,835	)		1,439,431
% to total domestic loans		38.95	%		0.80	%		38.14	%

27

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry

	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Domestic offices (excluding loans booked at offshore markets)		322,404			(37,427	)		359,832
Manufacturing		1,400			1,400			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		45,000			—			45,000
Communication and information services		—			—			—
Transport and postal activities		20,000			—			20,000
Wholesale and retail		—			—			—
Finance and insurance		28,752			(46,027	)		74,779
Real estate		1,940			(358	)		2,298
Goods rental and leasing		—			—			—
Services		—			—			—
Municipal government		365			(4,151	)		4,516
Other industries (including loans to the Japanese government)		224,946			11,709			213,237
Overseas offices and loans booked at offshore markets		—			—			—
Total		322,404			(37,427	)		359,832
(2)   Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Total domestic consumer loans		5,036			(409	)		5,445
Housing loans		5,032			(406	)		5,438
Residential purpose		4,802			(347	)		5,150
Other		4			(2	)		7
(3)   Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Outstanding amount		246,887			11,352			235,535
% to total domestic loans		76.57	%		11.12	%		65.45	%

28

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans    

BK Consolidated excl. MUAH, KS, BDI    

	(in millions of yen)
	As of September 30, 2020 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Americas		8,313,328		(1,409,253	)		9,722,581
United States of America		6,648,216		(1,259,298	)		7,907,514
Canada		625,551		24,347			601,204
Brazil		430,671		(140,625	)		571,297
Mexico		333,821		(37,452	)		371,273
Others		275,066		3,775			271,290
Asia/Oceania		9,775,319		(911,985	)		10,687,305
Hong Kong		2,077,307		(206,221	)		2,283,528
China		1,358,778		(202,785	)		1,561,564
Singapore		1,227,276		(115,142	)		1,342,418
Australia		1,126,786		(104,131	)		1,230,918
Indonesia		871,943		17,422			854,520
India		676,193		(135,041	)		811,235
Malaysia		604,912		(104,828	)		709,741
Taiwan		566,144		60,251			505,892
South Korea		375,482		(22,689	)		398,172
New Zealand		275,672		(60,708	)		336,380
Vietnam		225,188		(11,803	)		236,991
Others		389,633		(26,308	)		415,941
EMEA		7,192,092		(748,704	)		7,940,797
United Kingdom		1,835,593		(172,688	)		2,008,282
Netherlands		737,936		(149,180	)		887,116
Germany		555,639		17,856			537,783
Saudi Arabia		502,134		(100,234	)		602,368
France		388,754		(26,663	)		415,418
Ireland		320,219		(20,984	)		341,204
UAE		228,322		(20,620	)		248,943
Qatar		226,055		27,700			198,355
Switzerland		211,370		(82,431	)		293,801
Luxembourg		200,168		(61,671	)		261,839
Italy		188,755		16,167			172,588
Belgium		185,211		(59,453	)		244,664
Turkey		181,469		(27,998	)		209,468
Russia		165,775		(6,177	)		171,953
Poland		135,332		(16,215	)		151,547
South Africa		134,111		(841	)		134,953
Oman		102,937		895			102,042
Others		892,302		(66,162	)		958,464
Total		25,280,740		(3,069,944	)		28,350,684
Note: MUAH (MUFG Americas Holdings Corporation), KS (Bank of Ayudhya Public Company Limited) and BDI (PT Bank Danamon Indonesia, Tbk.) have the following loan balances in the consolidated financial statements.
	(in millions of yen)
	As of September 30, 2020 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
MUAH		9,182,509		(332,930	)		9,515,440
KS		4,826,548		(29,795	)		4,856,343
BDI		962,006		(54,940	)		1,016,947

29

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits    

BK and TB Combined    

	(in millions of yen)
	As of September 30, 2020 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Deposits (ending balance)		182,249,733		12,865,685			169,384,048
Deposits (average balance)		179,875,345		13,619,459			166,255,886
Loans (ending balance)		92,045,778		(293,610	)		92,339,389
Loans (average balance)		95,671,638		4,139,842			91,531,796
BK Non-consolidated
	(in millions of yen)
	As of September 30, 2020 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Deposits (ending balance)		171,272,582		13,024,018			158,248,564
Deposits (average balance)		168,757,649		14,289,339			154,468,309
Loans (ending balance)		88,346,810		88,514			88,258,295
Loans (average balance)		91,770,869		4,563,761			87,207,107
TB Non-consolidated
	(in millions of yen)
	As of September 30, 2020 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Deposits (ending balance)		10,977,150		(158,333	)		11,135,484
Deposits (average balance)		11,117,696		(669,880	)		11,787,576
Loans (ending balance)		3,698,967		(382,125	)		4,081,093
Loans (average balance)		3,900,769		(423,919	)		4,324,689

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Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits    

BK and TB Combined    

	(in millions of yen)
	As of September 30, 2020 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Individuals		82,471,560		3,153,905			79,317,655
Corporations and others		74,431,604		7,846,050			66,585,553
Domestic deposits		156,903,165		10,999,956			145,903,208
Note: Amounts do not include negotiable certificates of deposit and JOM accounts.
BK Non-consolidated
	(in millions of yen)
	As of September 30, 2020 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Individuals		75,706,554		3,291,939			72,414,615
Corporations and others		71,458,043		7,716,958			63,741,084
Domestic deposits		147,164,597		11,008,897			136,155,699
Note: Amounts do not include negotiable certificates of deposit and JOM accounts.
TB Non-consolidated
	(in millions of yen)
	As of September 30, 2020 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Individuals		6,765,006		(138,033	)		6,903,040
Corporations and others		2,973,560		129,091			2,844,468
Domestic deposits		9,738,567		(8,941	)		9,747,508
Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

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Mitsubishi UFJ Financial Group, Inc.

14. Status of Deferred Tax Assets

BK Non-consolidated

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

	(in billions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Deferred tax assets		493.3			(1.0	)		494.4
Allowance for credit losses		160.9			1.4			159.4
Write-down on investment securities		396.7			(6.6	)		403.3
Unrealized losses on Available-for-sale securities		7.2			(0.9	)		8.1
Reserve for retirement benefits		92.2			0.6			91.5
Reserve for contingent losses		15.7			(1.7	)		17.4
Depreciation and Impairment losses		45.8			1.4			44.3
Devaluation on land upon merger		25.9			(0.2	)		26.1
Other		174.2			1.7			172.4
Valuation allowance		(425.5	)		3.0			(428.5	)
Deferred tax liabilities		986.9			94.9			891.9
Unrealized gains on Available-for-sale securities		697.4			114.5			582.9
Net deferred gains on hedging instruments		140.8			(4.8	)		145.7
Revaluation gains on securities upon merger		52.9			(0.3	)		53.3
Gains on securities contributed to employees’ retirement benefits trust		45.4			0.2			45.2
Other		50.1			(14.5	)		64.7
Net deferred tax assets		(493.5	)		(96.0	)		(397.5	)

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

	(in billions of yen)
	FY2015			FY2016			FY2017			FY2018			FY2019			Interim FY2020
Net operating profits before provision for general allowance for credit losses		888.1			666.9			554.3			388.4			395.2			321.6
Total credit costs		(103.4	)		(25.4	)		56.0			128.5			11.8			(48.9	)
Income before income taxes		884.7			632.2			580.0			767.2			(535.9	)		264.1
Reconciliation to taxable income		(113.3	)		(86.2	)		(156.0	)		(500.2	)		844.6			(12.7	)
Taxable income		771.3			546.0			424.0			267.0			308.7			251.4

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

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

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Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated    

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

	(in billions of yen)
	As of September 30, 2020 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2020 (B)
Deferred tax assets		90.9			(3.6	)		94.5
Net deferred losses on hedging instruments		44.0			(4.7	)		48.8
Gains on securities related to employees’ retirement benefits trust		32.2			1.0			31.2
Write-down on investment securities		11.7			0.5			11.1
Depreciation and Impairment losses		9.1			(0.1	)		9.3
Reserve for contingent losses		4.5			(0.1	)		4.7
Other		18.7			(0.3	)		19.1
Valuation allowance		(29.6	)		0.1			(29.8	)
Deferred tax liabilities		359.6			50.4			309.1
Unrealized gains on Available-for-sale securities		268.7			46.7			221.9
Reserve for retirement benefits		81.5			3.5			77.9
Other		9.3			0.1			9.2
Net deferred tax assets		(268.7	)		(54.1	)		(214.6	)

(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)
	FY2015			FY2016			FY2017			FY2018			FY2019			Interim FY2020
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		193.0			181.4			162.1			144.5			142.3			63.3
Total credit costs		(0.2	)		(22.5	)		23.4			1.3			0.8			0.1
Income before income taxes		218.6			156.3			249.7			127.9			148.6			52.5
Reconciliation to taxable income		(68.1	)		1.8			(69.5	)		(79.2	)		(39.3	)		(26.6	)
Taxable income		150.4			158.1			180.2			48.7			109.3			25.8

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

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

33

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Impact of the COVID-19 pandemic on MUFG business

In this fiscal year, at present, it is assumed that the COVID-19 pandemic will not be contained early, and the economy under “Coexist with COVID-19” will continue. Although the world economy is recovering from the worst period of April to June, it is expected that the pace of economic recovery will slow down under seeking to balance between the prevention of the COVID-19 pandemic and the maintenance of economic activity, and that it will take considerable time to recover before the pandemic. Based on our financial results for the first half of FY2020, we revised earnings target of profits attributable to the owners of parent for the fiscal year ending March 31, 2021 (Consolidated) to 600.0 billion yen. However, if actual timing of containment of the virus and the degree of the impact on the real economy are different from our assumptions, FY2020 target may be revised or differ from the actual results significantly.

We intend to continue to monitor developments relating to the pandemic and, as necessary, revise the earnings target.

	Major impact that may arise or be anticipated	Estimated impact on pre-tax profit*
		Announced on May 15, 2020	Announced on November 13, 2020
Impact on net operating profits	•   Decline in foreign currency interest income due to interest rate reductions in various markets and decline in long-term interest rates	Approx. (300.0) billion yen	Approx. (200.0) billion yen
	•   Decrease in assets under custody or management due to falling stock prices in various markets
	•   Decline in new investments and business transactions by customers due to deteriorating economic activity
	•   Change in consumer spending and decreased investor appetite for investment in uncertain financial markets
	•   Restrictions on our business activities, etc.
Impact on credit costs and net gains (losses) on equity securities etc.	•   Increase in credit costs due to deterioration in the business performance of borrowers •   Decline in gains (or increase in losses) on sales of securities •   Decrease in equity earnings in equity method investees and deterioration in other non-recurring gains (losses), etc.	Approx. (300.0) billion yen	Approx. (330.0) billion yen

* The above figures illustrate some of the major items that we expect to affect pre-tax profit as a result of the COVID-19 pandemic. These effects as well as other COVID-19 pandemic related issues currently being considered by us have been taken into account in our earnings target for the Fiscal Year ending March 31, 2021 (Consolidated). Including the positive effects of response to environmental changes due to the COVID-19.

34

Mitsubishi UFJ Financial Group, Inc.

2. Financial Statements

BK Non-consolidated

(1) Non-consolidated Balance Sheets

(in millions of yen)	As of March 31, 2020			As of September 30, 2020
Assets:
Cash and due from banks		62,272,588			76,025,613
Call loans		593,434			352,499
Receivables under resale agreements		9,870,103			2,734,972
Monetary claims bought		3,824,545			3,288,993
Trading assets		6,834,573			5,367,988
Money held in trust		50,987			16,077
Securities		50,781,265			59,619,399
Loans and bills discounted		88,258,295			88,346,810
Foreign exchanges		1,438,965			1,433,901
Other assets		8,319,339			7,099,348
Tangible fixed assets		792,725			778,416
Intangible fixed assets		461,508			462,978
Prepaid pension costs		362,724			376,198
Customers’ liabilities for acceptances and guarantees		6,236,398			5,915,540
Allowance for credit losses		(308,908	)		(341,162	)
Total assets		239,788,548			251,477,574

35

Mitsubishi UFJ Financial Group, Inc.

	As of			As of
(in millions of yen)	March 31, 2020			September 30, 2020
Liabilities:
Deposits		158,248,564			171,272,582
Negotiable certificates of deposit		5,301,960			6,012,604
Call money		1,206,809			1,815,674
Payables under repurchase agreements		13,847,974			9,353,737
Payables under securities lending transactions		19,429			—
Commercial papers		1,524,439			1,119,229
Trading liabilities		2,948,964			2,512,431
Borrowed money		28,952,597			34,282,925
Foreign exchanges		3,059,394			2,398,133
Bonds payable		1,854,358			1,775,988
Other liabilities		6,185,088			4,233,820
Reserve for bonuses		30,424			22,269
Reserve for bonuses to directors		144			51
Reserve for stocks payment		5,014			4,308
Reserve for retirement benefits		5,664			6,127
Reserve for loyalty award credits		1,412			1,544
Reserve for contingent losses		57,015			51,377
Deferred tax liabilities		397,510			493,572
Deferred tax liabilities for land revaluation		103,409			100,004
Acceptances and guarantees		6,236,398			5,915,540
Total liabilities		229,986,579			241,371,927
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		2,932,893			2,994,658
Revenue reserve		190,044			190,044
Other retained earnings		2,742,849			2,804,613
Funds for retirement benefits		2,432			2,432
Other reserve		718,196			718,196
Earned surplus brought forward		2,022,220			2,083,984
Treasury stock		(645,700	)		(645,700	)
Total shareholders’ equity		7,877,427			7,939,191
Net unrealized gains (losses) on available-for-sale securities		1,391,751			1,652,138
Net deferred gains (losses) on hedging instruments		329,943			319,185
Land revaluation excess		202,845			195,131
Total valuation and translation adjustments		1,924,541			2,166,455
Total net assets		9,801,968			10,105,647
Total liabilities and net assets		239,788,548			251,477,574

36

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(2) Non-consolidated Statements of Income

(in millions of yen)	For the six months ended September 30, 2019		For the six months ended September 30, 2020
Ordinary income		1,921,410		1,457,575
Interest income		1,114,938		684,339
Interest on loans and bills discounted		727,238		479,583
Interest and dividends on securities		228,343		150,244
Fees and commissions		288,120		253,508
Trading income		20,714		60,723
Other operating income		300,275		387,732
Other ordinary income		197,361		71,271
Ordinary expenses		1,511,842		1,193,762
Interest expenses		683,487		259,998
Interest on deposits		256,245		76,443
Fees and commissions		91,999		78,427
Other operating expenses		104,736		159,261
General and administrative expenses		559,479		576,428
Other ordinary expenses		72,139		119,646
Ordinary profits		409,568		263,812
Extraordinary gains		2,473		14,979
Extraordinary losses		16,242		14,644
Income before income taxes		395,799		264,147
Income taxes - current		48,902		88,424
Income taxes - deferred		58,351		(18,005	)
Total taxes		107,254		70,418
Net income		288,545		193,728

37

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non-consolidated Balance Sheets

(in millions of yen)	As of March 31, 2020			As of September 30, 2020
Assets:
Cash and due from banks		11,162,691			11,778,533
Call loans		90,970			28,000
Receivables under resale agreements		700,967			—
Receivables under securities borrowing transactions		118,575			108,676
Monetary claims bought		143,684			229,341
Trading assets		587,323			290,889
Money held in trust		130,360			150,092
Securities		12,369,912			13,068,016
Loans and bills discounted		4,081,093			3,698,967
Foreign exchanges		87,154			81,370
Other assets		963,619			736,229
Tangible fixed assets		128,874			128,708
Intangible fixed assets		77,920			80,402
Prepaid pension costs		374,419			385,950
Customers’ liabilities for acceptances and guarantees		18,812			19,344
Allowance for credit losses		(1,462	)		(1,424	)
Total assets		31,034,919			30,783,099

38

Mitsubishi UFJ Financial Group, Inc.

(in millions of yen)	As of March 31, 2020			As of September 30, 2020
Liabilities:
Deposits		11,135,484			10,977,150
Negotiable certificates of deposit		2,203,473			1,938,063
Call money		—			1,276
Payables under repurchase agreements		5,511,235			5,286,293
Commercial papers		456,924			633,429
Trading liabilities		42,670			39,922
Borrowed money		1,664,830			1,693,580
Foreign exchanges		44,956			41,290
Bonds payable		418,160			366,670
Due to trust accounts		6,703,133			6,873,342
Other liabilities		549,934			433,294
Reserve for bonuses		4,763			4,581
Reserve for bonuses to directors		104			34
Reserve for stocks payment		3,765			2,982
Reserve for retirement benefits		757			615
Reserve for contingent losses		15,470			15,004
Deferred tax liabilities		214,601			268,717
Deferred tax liabilities for land revaluation		4,232			4,104
Acceptances and guarantees		18,812			19,344
Total liabilities		28,993,311			28,599,698
Net assets:
Capital stock		324,279			324,279
Capital surplus		455,970			455,970
Capital reserve		250,619			250,619
Other capital surplus		205,351			205,351
Retained earnings		1,152,423			1,174,554
Revenue reserve		73,714			73,714
Other retained earnings		1,078,709			1,100,840
Funds for retirement benefits		710			710
Other reserve		138,495			138,495
Earned surplus brought forward		939,504			961,635
Treasury stock		(299,999	)		(299,999	)
Total shareholders’ equity		1,632,673			1,654,804
Net unrealized gains (losses) on available-for-sale securities		519,790			628,918
Net deferred gains (losses) on hedging instruments		(110,579	)		(99,756	)
Land revaluation excess		(276	)		(565	)
Total valuation and translation adjustments		408,934			528,597
Total net assets		2,041,608			2,183,401
Total liabilities and net assets		31,034,919			30,783,099

39

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(2) Non-consolidated Statements of Income

(in millions of yen)	For the six months ended September 30, 2019		For the six months ended September 30, 2020
Ordinary income		345,515		254,262
Trust fees		51,740		57,740
Interest income		187,669		106,399
Interest on loans and bills discounted		22,168		11,567
Interest and dividends on securities		129,849		84,335
Fees and commissions		60,948		58,465
Trading income		7,088		2,072
Other operating income		21,025		14,206
Other ordinary income		17,044		15,377
Ordinary expenses		272,937		198,794
Interest expenses		128,554		39,624
Interest on deposits		16,179		3,856
Fees and commissions		17,496		18,547
Other operating expenses		14,695		19,854
General and administrative expenses		93,804		102,743
Other ordinary expenses		18,386		18,024
Ordinary profits		72,578		55,468
Extraordinary gains		2,500		416
Extraordinary losses		2,047		3,333
Income before income taxes		73,031		52,550
Income taxes - current		5,322		8,975
Income taxes - deferred		8,509		2,300
Total taxes		13,832		11,275
Net income		59,199		41,275

40

Mitsubishi UFJ Financial Group, Inc.

TB 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, 2020		As of September 30, 2020
Assets:
Loans and bills discounted		359,832		322,404
Securities		57,931,822		56,881,832
Beneficiary rights to the trust		87,938,640		89,622,247
Securities held in custody accounts		3,798,591		4,327,773
Monetary claims		22,272,297		27,067,276
Tangible fixed assets		15,875,747		16,433,769
Intangible fixed assets		135,543		136,464
Other claims		3,759,125		3,234,237
Call loans		1,147,427		737,565
Due from banking account		8,980,934		8,964,556
Cash and due from banks		5,284,528		5,661,007
Total		207,484,491		213,389,134
Liabilities:
Money trusts		25,711,403		25,355,249
Pension trusts		11,700,334		11,658,805
Property formation benefit trusts		6,842		6,758
Investment trusts		92,086,729		93,918,176
Money entrusted other than money trusts		4,939,720		5,080,745
Securities trusts		6,631,349		6,621,081
Monetary claim trusts		20,301,045		25,220,448
Equipment trusts		90,563		125,558
Land and fixtures trusts		42,300		42,237
Composite trusts		45,974,200		45,360,074
Total		207,484,491		213,389,134

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 850,748 millions of yen as of March 31, 2020 and 488,048 millions of yen as of September 30, 2020.

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, 2020		As of September 30, 2020
Assets:
Loans and bills discounted		12,285		7,390
Securities		59,190		—
Other		6,673,143		6,955,179
Total		6,744,620		6,962,570
Liabilities:
Principal		6,744,156		6,962,362
Allowance for bad debts		36		22
Other		426		185
Total		6,744,620		6,962,570

41

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(4) Major Items

(in millions of yen)	As of March 31, 2020		As of September 30, 2020
Total funds		50,757,539		49,936,028
Deposits		11,135,484		10,977,150
Negotiable certificates of deposit		2,203,473		1,938,063
Money trusts		25,711,403		25,355,249
Pension trusts		11,700,334		11,658,805
Property formation benefit trusts		6,842		6,758
Loans and bills discounted		4,440,926		4,021,372
Banking account		4,081,093		3,698,967
Trust account		359,832		322,404
Investment securities		70,301,735		69,949,849

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

42