Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

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

the Securities Exchange Act of 1934

For the month of July 2016

Commission File No. 000-54189

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

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

Tokyo 100-8330, Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or

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

Form 20-F X Form 40-F

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

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

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

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

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

SIGNATURES

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

Date: July 15, 2016


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Yasuo Matsumoto
Name:		Yasuo Matsumoto
Title:		Chief Manager, Documentation & Corporate Secretary Department, Corporate Administration Division

Consolidated Summary Report

For the Fiscal Year Ended March 31, 2016


Date:		July 15, 2016
Company name (code number):		Mitsubishi UFJ Financial Group, Inc. (8306)
		(URL http://www.mufg.jp/)
Stock exchange listings:		Tokyo, Nagoya, New York
Representative:		Nobuyuki Hirano, President & Group CEO
For inquiry:		Kazutaka Yoneda, General Manager-Financial Planning Division / Financial Accounting Office
		(Phone) +81-3-3240-3110

Consolidated financial data for the fiscal year ended March 31, 2016

(1) Operating results


(in millions of yen, except per share data)
	For the fiscal years ended March 31,
	2016	2015

Total revenue	5,413,428	5,739,723

Income before income tax expense	1,162,670	2,262,656

Net income attributable to Mitsubishi UFJ Financial Group	802,332	1,531,127

Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)	57.78	107.81

Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)	57.51	107.50

Comprehensive income attributable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2016 and 2015 were ¥41,921 million and ¥3,240,700 million, respectively.

Notes:

1. Average number of shares outstanding


	(in thousands of shares)
	For the fiscal years ended March 31,
	2016	2015
Common stock	13,885,842	14,118,469

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

(2) Financial condition


	(in millions of yen)
	As of March 31,
	2016	2015
Total assets	292,570,296	280,886,326

Total Mitsubishi UFJ Financial Group shareholders’ equity	14,270,625	14,679,065

(3) Cash flows


	(in millions of yen)
	For the fiscal years ended March 31,
	2016	2015
Net cash provided by operating activities	4,181,040	2,384,590
Net cash used in investing activities	(12,994,976)	(10,975,679)
Net cash provided by financing activities	14,168,679	8,183,248
Cash and cash equivalents at end of period	8,656,322	3,353,236

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

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

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Balance Sheets


	As of March 31,
(in millions of yen)	2016			2015
Assets:
Cash and due from banks		8,656,322			3,353,236
Interest-earning deposits in other banks		41,017,579			37,364,698
Call loans and funds sold		699,025			660,416
Receivables under resale agreements		7,446,665			7,273,008
Receivables under securities borrowing transactions		6,041,984			4,659,545
Trading account assets		50,825,399			46,904,903
Investment securities:
Available-for-sale securities—carried at fair value		41,226,231			47,490,404
Held-to-maturity securities—carried at amortized cost		3,866,668			4,130,451
Other investment securities		554,715			587,119

Total investment securities		45,647,614			52,207,974

Loans, net of unearned income, unamortized premiums and deferred loan fees		122,790,958			118,265,202
Allowance for credit losses		(1,111,130	)		(1,055,479	)

Net loans		121,679,828			117,209,723

Premises and equipment—net		1,005,905			982,205
Accrued interest		325,373			323,496
Customers’ acceptance liability		132,532			205,384
Intangible assets—net		1,015,150			1,160,164
Goodwill		454,375			807,610
Deferred tax assets		155,010			90,674
Other assets		7,467,535			7,683,290

Total assets		292,570,296			280,886,326

Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing		20,045,780			17,829,620
Interest-bearing		115,432,472			107,968,674
Overseas offices:
Non-interest-bearing		5,919,018			5,616,266
Interest-bearing		40,040,817			40,576,707

Total deposits		181,438,087			171,991,267

Call money and funds purchased		1,388,589			3,668,986
Payables under repurchase agreements		22,114,424			20,728,205
Payables under securities lending transactions		4,710,407			8,205,349
Due to trust account		6,338,154			1,610,992
Other short-term borrowings		9,357,728			11,545,807
Trading account liabilities		21,025,012			17,029,385
Obligations to return securities received as collateral		1,919,066			2,651,151
Bank acceptances outstanding		132,532			205,384
Accrued interest		132,802			132,330
Long-term debt		21,972,077			19,968,735
Other liabilities		7,193,151			7,867,394

Total liabilities		277,722,029			265,604,985

Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock		2,090,270			2,090,270
Capital surplus		5,958,929			5,959,626
Retained earnings:
Appropriated for legal reserve		239,571			239,571
Unappropriated retained earnings		3,980,257			3,424,864
Accumulated other comprehensive income, net of taxes		2,301,259			3,067,255
Treasury stock, at cost		(299,661	)		(102,521	)

Total Mitsubishi UFJ Financial Group shareholders’ equity		14,270,625			14,679,065
Noncontrolling interests		577,642			602,276

Total equity		14,848,267			15,281,341

Total liabilities and equity		292,570,296			280,886,326

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Income


	For the fiscal years ended March 31,
(in millions of yen)	2016			2015
Interest income:
Loans, including fees		2,054,338			1,981,274
Deposits in other banks		82,654			64,270
Investment securities:
Interest		254,214			252,149
Dividends		133,828			131,593
Trading account assets		422,080			400,020
Call loans and funds sold		10,450			11,181
Receivables under resale agreements and securities borrowing transactions		48,174			54,158

Total		3,005,738			2,894,645

Interest expense:
Deposits		350,335			300,692
Call money and funds purchased		8,802			7,287
Payables under repurchase agreements and securities lending transactions		45,201			41,294
Due to trust account		505			504
Other short-term borrowings and trading account liabilities		54,572			60,452
Long-term debt		284,949			252,955

Total		744,364			663,184

Net interest income		2,261,374			2,231,461
Provision for credit losses		231,862			86,998

Net interest income after provision for credit losses		2,029,512			2,144,463

Non-interest income:
Fees and commissions income		1,475,872			1,400,980
Foreign exchange gains (losses)—net		192,086			(113,073	)
Trading account profits—net		276,654			1,148,661
Investment securities gains—net		232,259			154,687
Equity in earnings of equity method investees—net		176,857			172,946
Gains on sales of loans		12,293			15,027
Other non-interest income		41,669			65,850

Total		2,407,690			2,845,078

Non-interest expense:
Salaries and employee benefits		1,158,896			1,097,452
Occupancy expenses—net		182,782			168,780
Fees and commission expenses		285,387			248,136
Outsourcing expenses, including data processing		244,734			241,650
Depreciation of premises and equipment		99,680			108,659
Amortization of intangible assets		237,342			222,353
Impairment of intangible assets		117,726			677
Insurance premiums, including deposit insurance		91,854			115,451
Communications		58,314			54,712
Taxes and public charges		93,734			96,627
Impairment of goodwill		333,719			3,432
Other non-interest expenses		370,364			368,956

Total		3,274,532			2,726,885

Income before income tax expense		1,162,670			2,262,656
Income tax expense		369,432			666,020

Net income before attribution of noncontrolling interests		793,238			1,596,636
Net income (loss) attributable to noncontrolling interests		(9,094	)		65,509

Net income attributable to Mitsubishi UFJ Financial Group		802,332			1,531,127

Income allocated to preferred shareholders:
Cash dividends paid		—			8,970

Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		802,332			1,522,157


(in yen)
Earnings per common share applicable to common shareholders of Mitsubishi UFJ Financial Group:
Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		57.78			107.81
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		57.51			107.50

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income


	For the fiscal years ended March 31,
(in millions of yen)	2016			2015
Net income before attribution of noncontrolling interests		793,238			1,596,636
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on investment securities		(249,781	)		999,817
Net debt valuation adjustments		3,505			—
Net unrealized gains on derivatives qualifying for cash flow hedges		1,808			899
Defined benefit plans		(131,493	)		18,927
Foreign currency translation adjustments		(356,677	)		688,518

Total		(732,638	)		1,708,161

Comprehensive income		60,600			3,304,797

Net income (loss) attributable to noncontrolling interests		(9,094	)		65,509
Other comprehensive income (loss) attributable to noncontrolling interests		27,773			(1,412	)

Comprehensive income attributable to Mitsubishi UFJ Financial Group		41,921			3,240,700


Loans

	As of March 31,
(in millions of yen)	2016			2015
Impaired loans		1,725,150			1,686,806
Other than impaired loans		121,065,808			116,578,396

Total		122,790,958			118,265,202


Allowance for credit losses

	As of March 31,
(in millions of yen)	2016			2015
Related to impaired loans		734,932			607,287
Related to other than impaired loans		376,198			448,192

Total		1,111,130			1,055,479

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