-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AHUiyxSx+cA6ovC9trVtCBK9oSKzUqUGBNlB1HXQ8RrRtQonhn/+uB0RAoQM5Iom jTHvkFckP1eaziuxFOTQ9Q== 0001193125-09-237960.txt : 20091119 0001193125-09-237960.hdr.sgml : 20091119 20091119063153 ACCESSION NUMBER: 0001193125-09-237960 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20091118 FILED AS OF DATE: 20091119 DATE AS OF CHANGE: 20091119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF TOKYO - MITSUBISHI UFJ, LTD CENTRAL INDEX KEY: 0000852743 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 135611741 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-93414 FILM NUMBER: 091194645 BUSINESS ADDRESS: STREET 1: 7-1 MARUNOUCHI 2-CHOME STREET 2: CHIYODA-KU CITY: TOKYO 100-8388, STATE: M0 ZIP: 00000 BUSINESS PHONE: 2127824547 MAIL ADDRESS: STREET 1: 1251 AVENUE OF THE AMERICAS 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020-1104 FORMER COMPANY: FORMER CONFORMED NAME: BANK OF TOKYO - MITSUBISHI LTD DATE OF NAME CHANGE: 20030908 FORMER COMPANY: FORMER CONFORMED NAME: BANK OF TOKYO MITSUBISHI LTD DATE OF NAME CHANGE: 19981209 FORMER COMPANY: FORMER CONFORMED NAME: MITSUBISHI BANK LTD DATE OF NAME CHANGE: 19981209 6-K 1 d6k.htm FORM 6-K Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

 

 

Form 6-K

 

 

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of November, 2009

 

 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

( Translation of registrant’s name into English )

 

 

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

Tokyo 100-8388, Japan

( Address of principal executive offices )

 

 

[ Indicate by check mark whether the registrant files or

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

Form 20-F       X            Form 40-F              

[ Indicate by check mark whether the registrant by furnishing the information

contained in this Form is also thereby furnishing the information to the Commission

pursuant to Rule 12g3-2( b ) under the Securities Exchange Act of 1934. ]

Yes                      No      X    

This report on Form 6-K is hereby incorporated by reference into the prospectus constituting part of the registration statement on Form F-3 of The Bank of Tokyo-Mitsubishi UFJ, Ltd. (No. 333-11072.)

 

 

 


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.

 

  THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
Date : November 18, 2009   By  

/s/ Fumikazu Tatsumi

    Fumikazu Tatsumi
    Chief Manager
    Corporate Administration Division


   LOGO
   November 18, 2009

Consolidated Summary Report <under Japanese GAAP>

for the six months ended September 30, 2009

  

 

Company name:    Mitsubishi UFJ Financial Group, Inc.    Stock exchange listings:     Tokyo, Osaka, Nagoya, New York
Code number:    8306    URL http://www.mufg.jp/   
Representative:    Nobuo Kuroyanagi, President & CEO      
For inquiry:    Muneaki Tokunari, Executive Officer, General Manager—Financial Planning Division
   TEL (03) 3240-7200      
Quarterly securities report issuing date:    November 30, 2009    Trading accounts:    Established
Dividend payment date:    December 9, 2009      

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

1. Consolidated Financial Data for the Six Months ended September 30, 2009

 

(1) Results of Operations   

 

     (% represents the change from the same period in the previous fiscal year)  
         Ordinary Income         Ordinary Profits     Net Income  
         million yen            %             million yen            %             million yen            %      

Six months ended

               

September 30, 2009

   2,618,434    (10.5   233,047    23.9      140,948    53.2   

September 30, 2008

   2,925,113    (10.0   188,117    (62.2   92,023    (64.2

 

     Net Income
per Common Stock
   Diluted Net Income
per Common Stock
     yen    yen

Six months ended

     

September 30, 2009

   11.08    11.08

September 30, 2008

   8.46    8.42

(2) Financial Conditions

 

     Total Assets    Total Net Assets    Net Assets
Attributable to
MUFG Shareholders
to Total Assets(*1)
   Total Net Assets
per Common Stock
   Risk-adjusted
Capital Ratio(*2)
     million yen    million yen    %    yen    %

As of

              

September 30, 2009

   202,802,103    9,945,632    3.9    621.44    13.29

March 31, 2009

   198,733,906    8,570,641    3.4    528.67    11.77

(Reference) Shareholders’ equity as of September 30, 2009: 7,885,626 million yen;     March 31, 2009: 6,803,617 million yen

 

(*1) “Net assets attributable to MUFG shareholders to total assets” is computed under the formula shown below

 

   (Total net assets – Subscription rights to shares – Minority interests) / Total assets

 

(*2) “Risk-adjusted Capital Ratio” is computed in accordance with the “Standards for Consolidated Capital Adequacy Ratio of Bank Holding Company under Article 52-25 of the Banking Law” (the Notification of the Financial Services Agency No. 20, 2006).

 

   Risk-adjusted capital ratio as of September 30, 2009 shown above is a preliminary figure.

2. Dividends on Common Stock

 

     Dividends per Share
     1st quarter-end    2nd quarter-end    3rd quarter-end    Fiscal year-end    Total
     yen    yen    yen    yen    yen

Fiscal year

              

ended March 31, 2009

   —      7.00    —      5.00    12.00

ending March 31, 2010

   —      6.00         

ending March 31, 2010 (Forecast)

         —      6.00    12.00

 

(*1) Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report: None
(*2) Please refer to “Dividends on Preferred Stocks” on page 3 for information with regard to the dividends on stocks other than common stock.

3. Earnings Forecasts for the Fiscal Year ending March 31, 2010 (Consolidated)

 

(*) Revision of earnings forecasts on the presentation date of this Consolidated Summary Report: None
   MUFG has the target of 300.0 billion yen of consolidated net income for the fiscal year ending March 31, 2010.

 

     (There are no changes to our earnings targets released on May 19, 2009.)

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 consolidated net income instead of a forecast of its performance.

 

1


Mitsubishi UFJ Financial Group, Inc.

 

4. Other

 

(1) Changes in scope of consolidation involving “Specified Subsidiaries” (Tokutei Kogaisha) during the period

Newly consolidated: 2 Companies (MUFG Capital Finance 9 Limited, BTMU Preferred Capital 9 Limited)

 

  (*) Please refer to 4. Other of “Qualitative Information and Financial Statements” on page 6.

 

(2) Changes in accounting policies, procedures and presentation rules applied in the preparation of the interim consolidated financial statements

 

  (A) Changes due to revision of accounting standards: None

 

  (B) Changes due to other reasons: None

 

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

 

 

(A) Total stocks outstanding including treasury stocks:      
   Sep. 30, 2009    11,648,360,720    shares    Mar. 31, 2009    11,648,360,720    shares

(B) Treasury stocks:

                 
   Sep. 30, 2009    8,251,395    shares    Mar. 31, 2009    9,161,592    shares

(C) Average outstanding stocks:

                 
      Six months ended Sep. 30, 2009    11,639,665,653    shares
      Six months ended Sep. 30, 2008    10,437,400,501    shares

(Reference) Non-consolidated financial data

 

1. Non-consolidated Financial Data for the Six Months ended September 30, 2009

 

(1) Results of Operations
     (% represents the change from the same period in the previous fiscal year)
     Operating Income     Operating Profits     Ordinary Profits     Net Income
     million yen    %     million yen    %     million yen    %     million yen     %

Six months ended

                   

September 30, 2009

   143,203    (42.2   134,571    (43.9   116,839    (49.5   (14,207   —  

September 30, 2008

   247,861    25.7      239,882    25.7      231,407    26.5      291,103      176.1

 

     Net Income
per Common Stock
 
     yen  

Six months ended

  

September 30, 2009

   (2.25

September 30, 2008

   27.39   

 

(2) Financial Conditions

 

     Total Assets    Total Net Assets    Net Assets Ratio    Total Net Assets
per Common Stock
     million yen    million yen    %    yen

As of

           

September 30, 2009

   10,107,154    7,650,642    75.6    600.36

March 31, 2009

   9,829,278    7,717,307    78.5    606.40

(Reference) Shareholders’ equity as of September 30, 2009: 7,645,213 million yen;     March 31, 2009: 7,712,656 million yen

*Notes for using forecasted information etc.

 

1. MUFG falls under the category of “Specified Business Corporation” (Tokutei Jigyo Gaisha) under Article 17-15-2 of the Cabinet Office Ordinance Concerning Disclosure of Public Companies and accordingly, prepares its interim consolidated financial statements and interim non-consolidated financial statements for the six months ended September 30, 2009.

 

2. 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 effect the current forecasts, please see Consolidated Summary Report, Annual Securities Report, Disclosure Book, Annual Report, and other current disclosures that the company has announced.

 

3. 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.

 

2


Mitsubishi UFJ Financial Group, Inc.

 

(Dividends on preferred stocks)

Dividends per share relating to preferred stocks are as follows:

 

     Dividends per Share
     1st quarter-end    2nd quarter-end    3rd quarter-end    Fiscal year-end    Total
     yen    yen    yen    yen    yen

Preferred Stock First Series of Class 3

              

Fiscal year ended March 31, 2009

   —      30.00    —      30.00    60.00

Fiscal year ending March 31, 2010

   —      30.00         

Fiscal year ending March 31, 2010 (Forecast)

         —      30.00    60.00
     Dividends per Share
     1st quarter-end    2nd quarter-end    3rd quarter-end    Fiscal year-end    Total
     yen    yen    yen    yen    yen

Preferred Stock First Series of Class 5

              

Fiscal year ended March 31, 2009

         —      43.00    43.00

Fiscal year ending March 31, 2010

   —      57.50         

Fiscal year ending March 31, 2010 (Forecast)

         —      57.50    115.00
(Note) MUFG issued Preferred Stock First Series of Class 5 in November 2008.
     Dividends per Share
     1st quarter-end    2nd quarter-end    3rd quarter-end    Fiscal year-end    Total
     yen    yen    yen    yen    yen

Preferred Stock Class 11

              

Fiscal year ended March 31, 2009

   —      2.65    —      2.65    5.30

Fiscal year ending March 31, 2010

   —      2.65         

Fiscal year ending March 31, 2010 (Forecast)

         —      2.65    5.30
     Dividends per Share
     1st quarter-end    2nd quarter-end    3rd quarter-end    Fiscal year-end    Total
     yen    yen    yen    yen    yen

Preferred Stock Class 12

              

Fiscal year ended March 31, 2009

   —      5.75    —         5.75

(Note) MUFG repurchased Preferred Stock Class 12 until February 2009 due to requests for repurchase and cancelled until February 2009.

 

3


Mitsubishi UFJ Financial Group, Inc.

 

Qualitative Information and Financial Statements

1. Qualitative information related to the results of operations

With respect to the economic and financial environment for the April-September period of fiscal 2009, the US and European economies have turned to positive growth and continued to improve further due to financial and monetary packages addressing the global financial crisis. Asian economies followed recovery path prior to the Western economies supported by stimulus package effects. As for the Japanese economy, exports and production continued to recover due to improvement in overseas economies, largest-ever stimulus packages and progress in inventory adjustment. Private consumption was also pushed up by economic measure effects. Business fixed investment, however, declined as economic activity remained at an extremely low level and poor corporate performance continued. The employment and income situation also followed a worsening trend.

In the financial environment, the policy rate remained virtually zero in the United States as non-performing loans continued to increase rapidly. In the Euro zone, the European Central Bank cut its key interest rate to 1.0 percent. Japan’s short-term interest rates moderately declined, in response to the Bank of Japan’s continued monetary easing policy such as the ultra-low interest rate policy, purchase of CP and corporate bonds, and the special funds-supplying operations to facilitate corporate financing. Long-term interest rates followed a downward trend, after rising toward the beginning of June amid concerns over the worsening of fiscal conditions due to large-scale economic stimulus measures in Japan and abroad. In the foreign exchange market, the yen-dollar exchange rates followed a strong yen trend with some fluctuation, reflecting the narrowing spread of domestic and overseas interest rates.

Under such business environment, consolidated gross profits for the six months ended September 30, 2009 increased by 116.6 billion yen from the previous interim period to 1,813.2 billion yen. This was mainly due to increase in domestic and overseas lending income, market product income and a new consolidation of ACOM CO., LTD., despite of decrease in deposit income caused by the decline of interest-rates. General and administrative expenses decreased by 11.2 billion yen from the previous interim period to 1,061.4 billion yen due to an intensive corporate-wide cost reduction as well as the effect of the system integration. As a result, net business profits increased by 127.9 billion yen from the previous interim period to 751.7 billion yen.

Credit costs for the six months ended September 30, 2009 increased by 109.3 billion yen from the previous interim period to 444.2 billion yen, mainly due to an increase in credit costs from our subsidiaries other than BTMU and MUTB, primarily from our overseas subsidiaries, and the consolidation of ACOM CO., LTD., while combined credit costs of BTMU and MUTB decreased from the previous interim period. Net gains on equity securities for the six months ended September 30, 2009 increased by 88.6 billion yen due to decrease in losses on write-down of equity securities and other non-recurring losses for six months ended September 30, 2009 increased by 62.3 billion yen from the previous interim period due to an increase in retirement benefit costs.

Based on the above results, ordinary profits for the six months ended September 30, 2009 was 233.0 billion yen, an increase of 44.9 billion yen from the previous interim period and consolidated net income for the six months ended September 30, 2009 was 140.9 billion yen, an increase of 48.9 billion yen from the previous interim period.

 

4


Mitsubishi UFJ Financial Group, Inc.

 

     (in billions of Japanese yen)  
     For the six months
ended
September 30, 2009
    For the six months
ended
September 30, 2008
    Increase
(Decrease)
 

Gross Profits before credit costs for trust accounts

   1,813.2      1,696.5      116.6   

General and administrative expenses

   1,061.4      1,072.7      (11.2
                  

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

   751.7      623.8      127.9   
                  

Credit costs

   (444.2   (334.9   (109.3

Net gains (losses) on equity securities

   13.3      (75.2   88.6   

Other non-recurring losses

   (87.7   (25.4   (62.3
                  

Ordinary profits

   233.0      188.1      44.9   
                  

Net income

   140.9      92.0      48.9   
                  

2. Qualitative information related to the financial conditions

Total assets as of September 30, 2009 increased by 4,068.1 billion yen from March 31, 2009 to 202,802.1 billion yen, and total net assets as of September 30, 2009 increased by 1,374.9 billion yen from March 31, 2009 to 9,945.6 billion yen. The increase in total net assets reflected an increase of total valuation and translation adjustments of 1,011.5 billion yen, which was mainly due to an increase of net unrealized gains on other securities by the higher stock prices.

With regards to major items of assets, securities as of September 30, 2009 increased by 9,070.2 billion yen from March 31, 2009 to 57,384.3 billion yen and loans and bills discounted as of September 30, 2009 decreased by 4,024.7 billion yen from March 31, 2009 to 88,032.0 billion yen. With regards to major items of liabilities, deposits as of September 30, 2009 increased by 1,894.1 billion yen from March 31, 2009 to 122,043.7 billion yen.

MUFG’s consolidated risk-adjusted capital ratio based on the Basel 2 Standards as of September 30, 2009 was 13.29 % (preliminary basis), an increase of 1.52 points from March 31, 2009.

3. Qualitative information related to the earnings forecasts

MUFG has the target of 300.0 billion yen of consolidated net income for the fiscal year ending March 31, 2010. (There are no changes to our earnings targets released on May 19, 2009.)

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 consolidated net income instead of a forecast of its performance.

 

5


Mitsubishi UFJ Financial Group, Inc.

 

[Reference]

 

(in billions of Japanese yen)

   For the fiscal year
ending
March 31, 2010
   For the six months
ended

September 30, 2009
(Results)
   For the fiscal year
ended

March 31, 2009
(Results)
    For the six months
ended

September 30, 2008
(Results)

Consolidated ordinary profits

   600.0    233.0    82.8      188.1

Consolidated net income (loss)

   300.0    140.9    (256.9   92.0

<2 Banks on a stand-alone basis>

          

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

          

Net business profits before provision for general allowance for credit losses

   865.0    408.0    710.8      359.5

Ordinary profits (losses)

   365.0    125.0    (199.4   37.8

Net income (loss)

   245.0    130.7    (366.3   25.0

Mitsubishi UFJ Trust and Banking Corporation

          

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

   120.0    52.9    131.5      78.5

Ordinary profits (losses)

   65.0    35.3    50.8      53.4

Net income (loss)

   45.0    24.7    16.8      31.9

4. Other

 

(1) Changes in scope of consolidation involving “Specified Subsidiaries” (Tokutei Kogaisha) during the period

The following Specified Subsidiaries were newly consolidated during the period.

 

Name

  

Location

   Stated Capital    Primary
Business
   Ownership  

MUFG Capital Finance 9 Limited

  

Grand Cayman,

Cayman Islands

   ¥  370,010 million    Finance    100

BTMU Preferred Capital 9 Limited

  

Grand Cayman,

Cayman Islands

   ¥ 370,010 million    Finance    100

(100


%) 

 

Note

 

1. Both of these Specified Subsidiaries are overseas special purpose companies established for issuance of Non-dilutive Preferred Securities.

 

2. The bracketed number in “Ownership” means MUFG’s indirect ownership share through subsidiaries.

 

 

(2) Changes in accounting policies, procedures and presentation rules applied in the preparation of the interim consolidated financial statements

Not applicable

 

6


Mitsubishi UFJ Financial Group, Inc.

 

5. Consolidated Financial Statements

(1) Consolidated Balance Sheets

 

     (in millions of yen)  
      As of
September 30, 2009
    As of
March 31, 2009
 

Assets:

    

Cash and due from banks

   7,779,378      6,562,376   

Call loans and bills bought

   399,726      293,415   

Receivables under resale agreements

   3,363,764      2,544,848   

Receivables under securities borrowing transactions

   5,845,064      6,797,026   

Monetary claims bought

   3,168,282      3,394,519   

Trading assets

   17,678,766      17,452,426   

Money held in trust

   341,589      326,298   

Securities

   57,384,396      48,314,122   

Allowance for losses on securities

   (31,916   (37,104

Loans and bills discounted

   88,032,042      92,056,820   

Foreign exchanges

   955,397      1,058,640   

Other assets

   6,604,604      7,795,056   

Tangible fixed assets

   1,399,983      1,380,900   

Intangible fixed assets

   1,164,879      1,209,783   

Deferred tax assets

   856,257      1,235,139   

Customers’ liabilities for acceptances and guarantees

   9,114,298      9,534,900   

Allowance for credit losses

   (1,254,412   (1,185,266
            

Total assets

   202,802,103      198,733,906   
            

Liabilities:

    

Deposits

   122,043,723      120,149,591   

Negotiable certificates of deposit

   9,585,670      7,570,547   

Call money and bills sold

   2,537,568      2,272,292   

Payables under repurchase agreements

   12,787,963      11,926,997   

Payables under securities lending transactions

   3,947,901      4,270,365   

Commercial papers

   88,759      141,436   

Trading liabilities

   9,380,537      9,868,818   

Borrowed money

   6,645,428      7,729,256   

Foreign exchanges

   865,759      804,425   

Short-term bonds payable

   326,401      323,959   

Bonds payable

   6,947,086      6,485,158   

Due to trust accounts

   1,762,003      1,798,223   

Other liabilities

   6,197,848      6,634,917   

Reserve for bonuses

   50,177      42,615   

Reserve for bonuses to directors

   340      150   

Reserve for retirement benefits

   86,252      94,623   

Reserve for retirement benefits to directors

   1,568      1,958   

Reserve for loyalty award credits

   10,661      8,854   

Reserve for contingent losses

   244,801      277,608   

Reserves under special laws

   3,094      3,339   

Deferred tax liabilities

   36,429      28,993   

Deferred tax liabilities for land revaluation

   192,194      194,228   

Acceptances and guarantees

   9,114,298      9,534,900   
            

Total liabilities

   192,856,471      190,163,264   
            

 

7


Mitsubishi UFJ Financial Group, Inc.

 

     (in millions of yen)  
      As of
September 30, 2009
    As of
March 31, 2009
 

Net assets:

    

Capital stock

   1,620,896      1,620,896   

Capital surplus

   1,897,919      1,898,031   

Retained earnings

   4,238,262      4,168,625   

Treasury stock

   (5,927   (6,867
            

Total shareholders’ equity

   7,751,150      7,680,685   
            

Net unrealized gains (losses) on other securities

   126,439      (776,397

Net deferred gains (losses) on hedging instruments

   108,093      111,001   

Land revaluation excess

   144,093      142,502   

Foreign currency translation adjustments

   (190,502   (302,352

Pension liability adjustments of subsidiaries preparing financial statements under US GAAP

   (53,647   (51,822
            

Total valuation and translation adjustments

   134,476      (877,067
            

Subscription rights to shares

   5,429      4,650   

Minority interests

   2,054,575      1,762,372   
            

Total net assets

   9,945,632      8,570,641   
            

Total liabilities and net assets

   202,802,103      198,733,906   
            

 

8


Mitsubishi UFJ Financial Group, Inc.

 

(2) Consolidated Statements of Operations

 

     (in millions of yen)  
      For the six months
ended
September 30, 2008
    For the six months
ended
September 30, 2009
 

Ordinary income

   2,925,113      2,618,434   

Interest income

   1,842,261      1,500,108   

Interest on loans and bills discounted

   1,134,155      1,003,524   

Interest and dividends on securities

   356,656      304,769   

Trust fees

   67,097      52,456   

Fees and commissions

   592,473      572,542   

Trading income

   126,317      167,472   

Other business income

   174,846      209,473   

Other ordinary income

   122,116      116,381   

Ordinary expenses

   2,736,996      2,385,386   

Interest expenses

   872,046      385,012   

Interest on deposits

   374,699      173,396   

Fees and commissions

   87,443      79,387   

Trading expenses

   1,191      —     

Other business expenses

   146,147      224,521   

General and administrative expenses

   1,084,363      1,111,730   

Other ordinary expenses

   545,803      584,735   
            

Ordinary profits

   188,117      233,047   
            

Extraordinary gains

   61,417      36,705   

Gains on disposition of fixed assets

   6,718      5,331   

Gains on loans written-off

   14,388      24,804   

Reversal of reserve for contingent liabilities from financial instruments transactions

   1,308      244   

Gains on sales of equity securities of subsidiaries

   32,814      —     

Impact upon the adoption of the Accounting standard for lease transactions

   6,186      —     

Reversal of allowance for losses on investments

   —        5,026   

Others

   —        1,297   

Extraordinary losses

   60,787      55,378   

Losses on disposition of fixed assets

   8,511      14,348   

Losses on impairment of fixed assets

   4,879      10,097   

Provision for reserve for losses relating to business restructuring

   197      —     

Expenses relating to systems integration

   47,198      —     

Amortization of goodwill

   —        27,918   

Others

   —        3,012   
            

Income before income taxes and others

   188,747      214,374   
            

Income taxes-current

   47,772      50,242   

Refund of income taxes

   —        (16,090

Income taxes-deferred

   (168   8,442   
            

Total taxes

   47,604      42,593   
            

Minority interests

   49,120      30,832   
            

Net income

   92,023      140,948   
            

 

9


Mitsubishi UFJ Financial Group, Inc.

 

(3) Consolidated Statements of Changes in Net Assets

 

     (in millions of yen)  
     For the six months
ended
September 30, 2008
    For the six months
ended
September 30, 2009
 

Shareholders’ equity

    

Capital stock

    

Balance at the end of the previous period

   1,383,052      1,620,896   
            

Balance at the end of the period

   1,383,052      1,620,896   
            

Capital surplus

    

Balance at the end of the previous period

   1,865,696      1,898,031   

Changes during the period

    

Disposition of treasury stock

   (87,835   (32

Change of application of equity method

   —        (78
            

Total changes during the period

   (87,835   (111
            

Balance at the end of the period

   1,777,860      1,897,919   
            

Retained earnings

    

Balance at the end of the previous period

   4,592,960      4,168,625   

Changes during the period

    

Dividends from retained earnings

   (75,855   (67,879

Net income

   92,023      140,948   

Reversal of land revaluation excess

   (353   (1,591

Change of application of equity method

   —        (1,840

Increase in companies accounted for under the equity method

   5,763      —     

Prior year adjustments on retained earnings of companies accounted for under the equity method

   (16,802   —     

Increase due to unification of accounting policies applied to foreign subsidiaries

   778      —     

Decrease due to unification of accounting policies applied to foreign subsidiaries

   (6,669   —     
            

Total changes during the period

   (1,114   69,637   
            

Balance at the end of the period

   4,591,845      4,238,262   
            

Treasury stock

    

Balance at the end of the previous period

   (726,001   (6,867

Changes during the period

    

Repurchase of treasury stock

   (732   (34

Disposition of treasury stock

   287,358      974   
            

Total changes during the period

   286,626      939   
            

Balance at the end of the period

   (439,375   (5,927
            

 

10


Mitsubishi UFJ Financial Group, Inc.

 

     (in millions of yen)  
     For the six months
ended
September 30, 2008
    For the six months
ended
September 30, 2009
 

Total shareholders’ equity

    

Balance at the end of the previous period

   7,115,707      7,680,685   

Changes during the period

    

Dividends from retained earnings

   (75,855   (67,879

Net income

   92,023      140,948   

Repurchase of treasury stock

   (732   (34

Disposition of treasury stock

   199,522      941   

Reversal of land revaluation excess

   (353   (1,591

Change of application of equity method

   —        (1,919

Increase in companies accounted for under the equity method

   5,763      —     

Prior year adjustments on retained earnings of companies accounted for under the equity method

   (16,802   —     

Increase due to unification of accounting policies applied to foreign subsidiaries

   778      —     

Decrease due to unification of accounting policies applied to foreign subsidiaries

   (6,669   —     
            

Total changes during the period

   197,675      70,465   
            

Balance at the end of the period

   7,313,383      7,751,150   
            

Valuation and translation adjustments

    

Net unrealized gains (losses) on other securities

    

Balance at the end of the previous period

   595,352      (776,397

Changes during the period

    

Net changes of items other than shareholders’ equity

   (634,596   902,836   
            

Total changes during the period

   (634,596   902,836   
            

Balance at the end of the period

   (39,243   126,439   
            

Net deferred gains (losses) on hedging instruments

    

Balance at the end of the previous period

   79,043      111,001   

Changes during the period

    

Net changes of items other than shareholders’ equity

   (76,297   (2,907
            

Total changes during the period

   (76,297   (2,907
            

Balance at the end of the period

   2,745      108,093   
            

Land revaluation excess

    

Balance at the end of the previous period

   143,292      142,502   

Changes during the period

    

Net changes of items other than shareholders’ equity

   355      1,591   
            

Total changes during the period

   355      1,591   
            

Balance at the end of the period

   143,647      144,093   
            

Foreign currency translation adjustments

    

Balance at the end of the previous period

   (52,566   (302,352

Changes during the period

    

Net changes of items other than shareholders’ equity

   (43,740   111,849   
            

Total changes during the period

   (43,740   111,849   
            

Balance at the end of the period

   (96,306   (190,502
            

Pension liability adjustments of subsidiaries preparing financial statements under US GAAP

    

Balance at the end of the previous period

   —        (51,822

Changes during the period

    

Net changes of items other than shareholders’ equity

   (12,392   (1,825
            

Total changes during the period

   (12,392   (1,825
            

Balance at the end of the period

   (12,392   (53,647
            

 

11


Mitsubishi UFJ Financial Group, Inc.

 

     (in millions of yen)  
      For the six months
ended
September 30, 2008
    For the six months
ended
September 30, 2009
 

Total valuation and translation adjustments

    

Balance at the end of the previous period

   765,121      (877,067

Changes during the period

    

Net changes of items other than shareholders’ equity

   (766,671   1,011,543   
            

Total changes during the period

   (766,671   1,011,543   
            

Balance at the end of the period

   (1,549   134,476   
            

Subscription rights to shares

    

Balance at the end of the previous period

   2,509      4,650   

Changes during the period

    

Net changes of items other than shareholders’ equity

   1,165      778   
            

Total changes during the period

   1,165      778   
            

Balance at the end of the period

   3,674      5,429   
            

Minority interests

    

Balance at the end of the previous period

   1,716,370      1,762,372   

Changes during the period

    

Net changes of items other than shareholders’ equity

   10,725      292,203   
            

Total changes during the period

   10,725      292,203   
            

Balance at the end of the period

   1,727,096      2,054,575   
            

Total net assets

    

Balance at the end of the previous period

   9,599,708      8,570,641   

Changes during the period

    

Dividends from retained earnings

   (75,855   (67,879

Net income

   92,023      140,948   

Repurchase of treasury stock

   (732   (34

Disposition of treasury stock

   199,522      941   

Reversal of land revaluation excess

   (353   (1,591

Change of application of equity method

   —        (1,919

Increase in companies accounted for under the equity method

   5,763      —     

Prior year adjustments on retained earnings of companies accounted for under the equity method

   (16,802   —     

Increase due to unification of accounting policies applied to foreign subsidiaries

   778      —     

Decrease due to unification of accounting policies applied to foreign subsidiaries

   (6,669   —     

Net changes of items other than shareholders’ equity

   (754,780   1,304,525   
            

Total changes during the period

   (557,104   1,374,990   
            

Balance at the end of the period

   9,042,604      9,945,632   
            

 

12


Mitsubishi UFJ Financial Group, Inc.

 

(4) Notes on Going-Concern Assumption

Not applicable

 

13


Mitsubishi UFJ Financial Group, Inc.

 

6. Non-consolidated Financial Statements

(1) Non-consolidated Balance Sheets

 

     (in millions of yen)  
      As of
September 30,
2009
    As of
March 31,
2009
 

Assets:

    

Current assets:

    

Cash and due from banks

   91,638      33,602   

Accounts receivable

   24,200      52,191   

Other

   45,404      50,497   
            

Total current assets

   161,243      136,291   
            

Fixed assets:

    

Tangible fixed assets

   280      255   

Intangible fixed assets

   1,337      1,066   

Investments and other assets

   9,944,292      9,691,665   

Investment securities

   886,142      886,634   

Investments in subsidiaries and affiliates

   9,059,633      8,806,543   

Other

   250      221   

Allowance for losses on investments

   (1,733   (1,733
            

Total fixed assets

   9,945,910      9,692,987   
            

Total assets

   10,107,154      9,829,278   
            

Liabilities:

    

Current liabilities:

    

Short-term borrowings

   1,002,648      1,032,670   

Current portion of bonds payable

   200,000      100,000   

Current portion of long-term borrowings

   257,252      12,800   

Lease liabilities

   46      11   

Accounts payable

   1,058      1,372   

Income taxes payable

   325      400   

Reserve for bonuses

   307      299   

Other

   7,071      22,074   
            

Total current liabilities

   1,468,709      1,169,628   
            

Fixed liabilities:

    

Bonds payable

   510,500      230,000   

Long-term borrowings from subsidiaries and affiliates

   463,110      707,573   

Lease liabilities

   173      39   

Other

   14,019      4,729   
            

Total fixed liabilities

   987,802      942,342   
            

Total liabilities

   2,456,512      2,111,971   
            

Net assets:

    

Shareholders’ equity:

    

Capital stock

   1,620,896      1,620,896   

Capital surplus:

    

Capital reserve

   1,620,914      1,620,914   

Other capital surplus

   2,109,937      2,109,970   
            

Total capital surplus

   3,730,851      3,730,884   
            

Retained earnings:

    

Other retained earnings:

    

Other reserve

   150,000      150,000   

Earned surplus brought forward

   2,129,702      2,211,855   
            

Total retained earnings

   2,279,702      2,361,855   
            

Treasury stock

   (31   (979
            

Total shareholders’ equity

   7,631,419      7,712,656   
            

Valuation and translation adjustments:

    

Net unrealized gains (losses) on other securities

   13,794      —     
            

Total valuation and translation adjustments

   13,794      —     
            

Subscription rights to shares

   5,429      4,650   
            

Total net assets

   7,650,642      7,717,307   
            

Total liabilities and net assets

   10,107,154      9,829,278   
            

 

14


Mitsubishi UFJ Financial Group, Inc.

 

(2) Non-consolidated Statements of Operations

 

     (in millions of yen)  
      For the six months
ended
September 30, 2008
    For the six months
ended
September 30, 2009
 

Operating income

   247,861      143,203   

Operating expenses

   7,979      8,632   
            

Operating profits

   239,882      134,571   
            

Non-operating income

   432      5,917   

Non-operating expenses

   8,907      23,649   
            

Ordinary profits

   231,407      116,839   
            

Extraordinary gains

   32,487      563   

Extraordinary losses

   —        126,459   
            

Income (loss) before income taxes

   263,895      (9,056
            

Income taxes-current

   142      4,231   

Income taxes-deferred

   (27,350   919   
            

Total taxes

   (27,208   5,151   
            

Net income (loss)

   291,103      (14,207
            

 

15


Mitsubishi UFJ Financial Group, Inc.

 

(3) Non-consolidated Statements of Changes in Net Assets

 

     (in millions of yen)  
      For the six months
ended
September 30, 2008
    For the six months
ended
September 30, 2009
 

Shareholders’ equity

    

Capital stock

    

Balance at the end of the previous period

   1,383,052      1,620,896   
            

Balance at the end of the period

   1,383,052      1,620,896   
            

Capital surplus

    

Capital reserve

    

Balance at the end of the previous period

   1,383,070      1,620,914   
            

Balance at the end of the period

   1,383,070      1,620,914   
            

Other capital surplus

    

Balance at the end of the previous period

   2,497,841      2,109,970   

Changes during the period

    

Disposition of treasury stock

   (262   (32

Increase by share exchange

   (387,560   —     
            

Total changes during the period

   (387,822   (32
            

Balance at the end of the period

   2,110,019      2,109,937   
            

Retained earnings

    

Other retained earnings

    

Other reserve

    

Balance at the end of the previous period

   150,000      150,000   
            

Balance at the end of the period

   150,000      150,000   
            

Earned surplus brought forward

    

Balance at the end of the previous period

   2,065,219      2,211,855   

Changes during the period

    

Dividends from retained earnings

   (75,859   (67,945

Net income (loss)

   291,103      (14,207
            

Total changes during the period

   215,243      (82,152
            

Balance at the end of the period

   2,280,463      2,129,702   
            

Treasury stock

    

Balance at the end of the previous period

   (724,571   (979

Changes during the period

    

Repurchase of treasury stock

   (239,530   (20

Disposition of treasury stock

   648,905      968   
            

Total changes during the period

   409,375      947   
            

Balance at the end of the period

   (315,196   (31
            

Total shareholders’ equity

    

Balance at the end of the previous period

   6,754,613      7,712,656   

Changes during the period

    

Dividends from retained earnings

   (75,859   (67,945

Net income (loss)

   291,103      (14,207

Repurchase of treasury stock

   (239,530   (20

Disposition of treasury stock

   648,642      935   

Increase by share exchange

   (387,560   —     
            

Total changes during the period

   236,796      (81,237
            

Balance at the end of the period

   6,991,409      7,631,419   
            

 

16


Mitsubishi UFJ Financial Group, Inc.

 

     (in millions of yen)  
      For the six months
ended
September 30, 2008
    For the six months
ended
September 30, 2009
 

Valuation and translation adjustments

    

Net unrealized gains (losses) on other securities

    

Balance at the end of the previous period

   —        —     

Changes during the period

    

Net changes of items other than shareholders’ equity

   —        13,794   
            

Total changes during the period

   —        13,794   
            

Balance at the end of the period

   —        13,794   
            

Subscription rights to shares

    

Balance at the end of the previous period

   2,408      4,650   

Changes during the period

    

Net changes of items other than shareholders’ equity

   1,154      778   
            

Total changes during the period

   1,154      778   
            

Balance at the end of the period

   3,562      5,429   
            

Total net assets

    

Balance at the end of the previous period

   6,757,021      7,717,307   

Changes during the period

    

Dividends from retained earnings

   (75,859   (67,945

Net income (loss)

   291,103      (14,207

Repurchase of treasury stock

   (239,530   (20

Disposition of treasury stock

   648,642      935   

Increase by share exchange

   (387,560   —     

Net changes of items other than shareholders’ equity

   1,154      14,572   
            

Total changes during the period

   237,950      (66,665
            

Balance at the end of the period

   6,994,971      7,650,642   
            

 

17


Mitsubishi UFJ Financial Group, Inc.

 

(4) Notes on Going-Concern Assumption

Not applicable

 

18

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-----END PRIVACY-ENHANCED MESSAGE-----