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 August 2017

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: August 1, 2017


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2017

August 1, 2017


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		http://www.mufg.jp/
Representative:		Nobuyuki Hirano, President & Group CEO
For inquiry:		Kazutaka Yoneda, General Manager - Financial Planning Division / Financial Accounting Office
		TEL (03) 3240-3110
Quarterly securities report issuing date:		August 14, 2017
Dividend payment date:		-
Trading accounts:		Established
Supplemental information for quarterly financial statements:		Available
Quarterly investor meeting presentation:		None

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

1. Consolidated Financial Data for the Three Months ended June 30, 2017

(1)	Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income					Ordinary Profits					Profits Attributable to Owners of Parent
	million yen		%			million yen		%			million yen		%
Three months ended
June 30, 2017		1,507,440		8.5			397,476		16.6			289,025		53.0
June 30, 2016		1,389,349		(10.9	)		340,812		(29.7	)		188,924		(32.0	)

(*)	Comprehensive income

June 30, 2017: 295,194 million yen,

- % ; June 30, 2016: (7,056) million yen, - %


	Basic earnings per share		Diluted earnings per share
	yen		yen
Three months ended
June 30, 2017		21.59		21.50
June 30, 2016		13.77		13.72

(2)	Financial Conditions


	Total Assets		Total Net Assets		Equity-to-asset ratio (*)
	million yen		million yen		%
As of
June 30, 2017		304,221,637		16,721,775		5.0
March 31, 2017		303,297,433		16,658,394		5.0

(Reference) Shareholders’ equity as of June 30, 2017: 15,327,485 million yen; March 31, 2017: 15,280,268 million yen

(*)	“Equity-to-asset ratio” is computed under the formula shown below

(Total net assets - Subscription rights to shares - Non-controlling interests) / Total assets

2. Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
Fiscal year
ended March 31, 2017		—		9.00		—		9.00		18.00
ending March 31, 2018		—
ending March 31, 2018 (Forecast)				9.00		—		9.00		18.00

(*)	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, 2018 (Consolidated)

MUFG has the target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2018.

(There is no change to our earnings target released on May 15, 2017.)

MUFG is engaged in financial service businesses such as banking business, trust banking business, securities business and credit card/loan businesses. Because there are various uncertainties caused by economic situation, market environments and other factors in these businesses, MUFG discloses a target of its profits attributable to owners of parent instead of a forecast of its performance.

ø Notes

(1)	Changes in significant subsidiaries during the period: No

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

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

(A)

Changes in accounting policies due to revision of accounting standards: No

(B)

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

(C)

Changes in accounting estimates: No

(D)

Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	June 30, 2017	14,168,853,820 shares
	March 31, 2017	14,168,853,820 shares
(B) Treasury stocks:	June 30, 2017	881,253,091 shares
	March 31, 2017	738,910,028 shares
(C) Average outstanding stocks:	Three months ended June 30, 2017	13,389,288,019 shares
	Three months ended June 30, 2016	13,721,696,681 shares

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

ø Notes for using forecasted information etc.

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

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

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Consolidated Financial Statements and Notes			2
(1) Consolidated Balance Sheets			2
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			4
(3) Notes on Going-Concern Assumption			6
(4) Notes for Material Changes in Shareholders’ Equity			6

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Three Months Ended June 30, 2017”

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2017			As of June 30, 2017
Assets:
Cash and due from banks		63,525,940			68,756,000
Call loans and bills bought		649,147			507,693
Receivables under resale agreements		8,066,973			6,095,718
Receivables under securities borrowing transactions		11,002,723			9,745,991
Monetary claims bought		4,707,868			4,339,877
Trading assets		21,046,367			19,710,421
Money held in trust		806,881			865,655
Securities		59,438,897			59,301,766
Loans and bills discounted		109,005,231			108,477,362
Foreign exchanges		2,083,530			2,128,195
Other assets		11,554,699			12,674,397
Tangible fixed assets		1,358,905			1,353,276
Intangible fixed assets		1,257,876			1,238,460
Net defined benefit assets		601,377			661,529
Deferred tax assets		126,231			144,251
Customers’ liabilities for acceptances and guarantees		9,022,130			9,137,189
Allowance for credit losses		(957,350	)		(916,151	)

Total assets		303,297,433			304,221,637

Liabilities:
Deposits		170,730,221			171,505,900
Negotiable certificates of deposit		11,341,571			11,418,795
Call money and bills sold		1,973,569			2,315,452
Payables under repurchase agreements		17,636,962			18,371,137
Payables under securities lending transactions		5,538,739			5,711,114
Commercial papers		2,307,222			2,286,000
Trading liabilities		17,700,617			15,196,214
Borrowed money		16,971,085			17,150,148
Foreign exchanges		1,970,980			2,106,449
Short-term bonds payable		847,999			1,351,597
Bonds payable		9,893,687			9,872,713
Due to trust accounts		9,893,881			8,944,358
Other liabilities		9,382,992			10,703,502
Reserve for bonuses		81,012			27,594
Reserve for bonuses to directors		598			100
Reserve for stocks payment		10,400			11,121
Net defined benefit liabilities		59,045			59,095
Reserve for retirement benefits to directors		1,128			873
Reserve for loyalty award credits		16,689			17,592
Reserve for contingent losses		384,868			391,187
Reserves under special laws		4,075			4,016
Deferred tax liabilities		745,073			793,318
Deferred tax liabilities for land revaluation		124,483			124,387
Acceptances and guarantees		9,022,130			9,137,189

Total liabilities		286,639,039			287,499,861

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2017		As of June 30, 2017
Net assets:
Capital stock	2,141,513		2,141,513
Capital surplus	1,412,087		1,412,112
Retained earnings	9,278,546		9,446,625
Treasury stock	(513,260	)	(614,109	)

Total shareholders’ equity	12,318,885		12,386,142

Net unrealized gains (losses) on available-for-sale securities	2,184,597		2,336,824
Net deferred gains (losses) on hedging instruments	125,684		89,181
Land revaluation excess	173,723		173,507
Foreign currency translation adjustments	558,339		407,973
Remeasurements of defined benefit plans	(65,098	)	(51,131	)
Debt value adjustments of foreign subsidiaries and affiliates	(15,863	)	(15,012	)

Total accumulated other comprehensive income	2,961,382		2,941,343

Subscription rights to shares	407		402
Non-controlling interests	1,377,719		1,393,888

Total net assets	16,658,394		16,721,775

Total liabilities and net assets	303,297,433		304,221,637

Mitsubishi UFJ Financial Group, Inc.

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income


(in millions of yen)	For the three months ended June 30, 2016			For the three months ended June 30, 2017
Ordinary income		1,389,349			1,507,440
Interest income		696,237			729,642
Interest on loans and bills discounted		447,669			490,814
Interest and dividends on securities		162,377			133,483
Trust fees		32,059			28,131
Fees and commissions		348,788			352,881
Trading income		64,783			65,792
Other operating income		137,901			181,490
Other ordinary income		109,578			149,501
Ordinary expenses		1,048,537			1,109,963
Interest expenses		194,149			267,099
Interest on deposits		68,024			91,794
Fees and commissions		52,876			53,358
Trading expenses		1,066			293
Other operating expenses		34,040			32,847
General and administrative expenses		658,003			672,808
Other ordinary expenses		108,401			83,557

Ordinary profits		340,812			397,476

Extraordinary gains		5,513			1,344
Gains on disposition of fixed assets		5,319			1,285
Reversal of reserve for contingent liabilities from financial instruments transactions		194			59
Extraordinary losses		60,492			22,335
Losses on disposition of fixed assets		2,459			2,386
Losses on impairment of fixed assets		2,480			379
Losses on change in equity		45,654			19,569
Losses on liquidation of equity securities of subsidiaries		5,359			—
Losses on exchange of shares of affiliates		4,538			—

Profits before income taxes		285,832			376,485

Income taxes-current		74,956			78,658
Income taxes-deferred		(14,170	)		(16,268	)

Total taxes		60,785			62,390

Profits		225,046			314,095

Profits attributable to non-controlling interests		36,122			25,070

Profits attributable to owners of parent		188,924			289,025

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the three months ended June 30, 2016			For the three months ended June 30, 2017
Profits		225,046			314,095
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		(22,539	)		146,720
Net deferred gains (losses) on hedging instruments		111,459			(37,513	)
Land revaluation excess		(15	)		(0	)
Foreign currency translation adjustments		(258,356	)		(85,580	)
Remeasurements of defined benefit plans		14,679			13,080
Share of other comprehensive income of associates accounted for using equity method		(77,330	)		(55,606	)

Total other comprehensive income		(232,103	)		(18,900	)

Comprehensive income		(7,056	)		295,194

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		(33,518	)		269,201
Comprehensive income attributable to non-controlling interests		26,462			25,993

Mitsubishi UFJ Financial Group, Inc.

(3) Notes on Going-Concern Assumption

None.

(4) Notes for Material Changes in Shareholders’ Equity

None.

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2017


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


1. Financial Results	[ MUFG Consolidated ]1[ BTMU and MUTB Combined ]234 [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	1

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

3. Securities	[ MUFG Consolidated ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	6

4. ROE	[ MUFG Consolidated ]	9

5. Average Interest Rate Spread	[ BTMU and MUTB Combined ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	10

6. Loans and Deposits	[ BTMU and MUTB Combined ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	11

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

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

(*2)	“BTMU” means The Bank of Tokyo-Mitsubishi UFJ, Ltd.

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

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

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2017 (A)			June 30, 2016 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,004,347			997,650			6,697
Gross profits before credit costs for trust accounts		1,004,347			997,650			6,697
Net interest income		462,550			502,099			(39,548	)
Trust fees		28,131			32,059			(3,928	)
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		299,523			295,912			3,610
Net trading profits		65,498			63,717			1,781
Net other operating profits		148,643			103,861			44,782
Net gains (losses) on debt securities		91,215			72,489			18,726
General and administrative expenses		655,262			643,390			11,872
Amortization of goodwill		4,244			4,037			206
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		353,329			358,298			(4,968	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		349,085			354,260			(5,174	)
Provision for general allowance for credit losses (2)		—			(11,452	)		11,452
Net operating profits*		349,085			342,807			6,277
Net non-recurring gains (losses)		48,391			(1,995	)		50,386
Credit costs (3)		(59,378	)		(56,938	)		(2,439	)
Losses on loan write-offs		(33,597	)		(27,636	)		(5,960	)
Provision for specific allowance for credit losses		—			(22,993	)		22,993
Other credit costs		(25,781	)		(6,308	)		(19,472	)
Reversal of allowance for credit losses (4)		18,792			—			18,792
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		20,500			12,865			7,635
Net gains (losses) on equity securities		24,266			1,710			22,556
Gains on sales of equity securities		31,120			25,478			5,641
Losses on sales of equity securities		(3,463	)		(7,334	)		3,870
Losses on write-down of equity securities		(3,389	)		(16,433	)		13,043
Profits (losses) from investments in affiliates		68,021			61,116			6,905
Other non-recurring gains (losses)		(23,811	)		(20,748	)		(3,063	)

Ordinary profits		397,476			340,812			56,664

Net extraordinary gains (losses)		(20,991	)		(54,979	)		33,988
Net losses on change in equity		(19,569	)		(45,654	)		26,084
Profits before income taxes		376,485			285,832			90,653
Income taxes-current		78,658			74,956			3,702
Income taxes-deferred		(16,268	)		(14,170	)		(2,098	)
Total taxes		62,390			60,785			1,604
Profits		314,095			225,046			89,048
Profits attributable to non-controlling interests		25,070			36,122			(11,052	)

Profits attributable to owners of parent		289,025			188,924			100,101

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)	(20,085)	(55,525)	35,440

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2017 (A)			June 30, 2016 (B)			Increase (Decrease) (A) - (B)
Gross profits		576,188			588,650			(12,461	)
Gross profits before credit costs for trust accounts		576,188			588,650			(12,461	)
Net interest income		281,212			323,641			(42,429	)
Trust fees		21,753			25,245			(3,491	)
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		117,208			120,856			(3,647	)
Net trading profits		21,456			60,873			(39,416	)
Net other operating profits		134,556			58,033			76,523
Net gains (losses) on debt securities		93,290			69,428			23,862
General and administrative expenses		333,523			330,629			2,893
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		242,665			258,020			(15,355	)
Provision for general allowance for credit losses (2)		—			10,724			(10,724	)
Net operating profits		242,665			268,745			(26,080	)
Net non-recurring gains (losses)		15,229			(52,654	)		67,883
Credit costs (3)		(36,838	)		(30,324	)		(6,514	)
Losses on loan write-offs		(11,137	)		(7,511	)		(3,626	)
Provision for specific allowance for credit losses		—			(16,351	)		16,351
Other credit costs		(25,701	)		(6,461	)		(19,239	)
Reversal of allowance for credit losses (4)		42,854			632			42,221
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		7,396			2,874			4,522
Net gains (losses) on equity securities		22,065			(3,583	)		25,649
Gains on sales of equity securities		29,102			21,040			8,062
Losses on sales of equity securities		(3,702	)		(7,721	)		4,018
Losses on write-down of equity securities		(3,334	)		(16,902	)		13,567
Other non-recurring gains (losses)		(20,248	)		(22,253	)		2,005

Ordinary profits		257,894			216,091			41,803

Net extraordinary gains (losses)		(1,299	)		(6,060	)		4,761
Income before income taxes		256,595			210,030			46,565
Income taxes-current		60,033			55,538			4,495
Income taxes-deferred		440			(4,146	)		4,587
Total taxes		60,474			51,392			9,082

Net income		196,120			158,638			37,482


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		13,412			(16,092	)		29,504

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in millions of yen)
	For the three months ended						Increase
	June 30, 2017 (A)			June 30, 2016 (B)			(Decrease) (A) - (B)
Gross profits		460,911			479,225			(18,313	)
Net interest income		227,454			275,564			(48,110	)
Net fees and commissions		92,999			98,778			(5,779	)
Net trading profits		15,745			53,955			(38,209	)
Net other operating profits		124,712			50,925			73,786
Net gains (losses) on debt securities		80,899			54,542			26,357
General and administrative expenses		284,118			280,856			3,262
Amortization of goodwill		90			87			2
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		176,883			198,456			(21,573	)
Net operating profits before provision for general allowance for credit losses		176,792			198,368			(21,576	)
Provision for general allowance for credit losses (1)		—			10,724			(10,724	)
Net operating profits		176,792			209,093			(32,301	)
Net non-recurring gains (losses)		(650	)		(56,252	)		55,602
Credit costs (2)		(29,528	)		(30,173	)		644
Reversal of allowance for credit losses (3)		28,809			—			28,809
Reversal of reserve for contingent losses included in credit costs (4)		—			—			—
Gains on loans written-off (5)		7,043			2,805			4,238
Net gains (losses) on equity securities		10,297			(8,388	)		18,685
Gains on sales of equity securities		15,795			14,185			1,610
Losses on sales of equity securities		(2,293	)		(6,093	)		3,800
Losses on write-down of equity securities		(3,204	)		(16,479	)		13,275
Other non-recurring gains (losses)		(17,273	)		(20,497	)		3,223

Ordinary profits		176,142			152,840			23,301

Net extraordinary gains (losses)		(1,167	)		(2,199	)		1,031
Income before income taxes		174,974			150,641			24,333
Income taxes-current		50,540			45,240			5,300
Income taxes-deferred		(6,521	)		(5,086	)		(1,435	)
Total taxes		44,019			40,154			3,864

Net income		130,955			110,486			20,468


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		6,325			(16,642	)		22,968
Provision for general allowance for credit losses		42,029			10,724			31,304
Provision for special allowance for credit losses		(13,186	)		(16,351	)		3,165
Allowance for credit to specific foreign borrowers		(33	)		14			(48	)
Losses on loans write-off		(11,137	)		(7,509	)		(3,628	)
Provision for contingent losses included in credit costs		(16,903	)		(5,747	)		(11,156	)
Gains on loans written-off		7,043			2,805			4,238
Losses on sales of other loans, etc.		(1,486	)		(579	)		(907	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in millions of yen)
	For the three months ended						Increase
	June 30, 2017 (A)			June 30, 2016 (B)			(Decrease) (A) - (B)
Gross profits		115,277			109,425			5,852
Gross profits before credit costs for trust accounts		115,277			109,425			5,852
Trust fees		21,753			25,245			(3,491	)
Credit costs for trust accounts (1)		—			—			—
Net interest income		53,758			48,077			5,681
Net fees and commissions		24,208			22,077			2,131
Net trading profits		5,711			6,918			(1,206	)
Net other operating profits		9,844			7,107			2,737
Net gains (losses) on debt securities		12,390			14,885			(2,495	)
General and administrative expenses		49,404			49,773			(368	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		65,872			59,651			6,220
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		65,872			59,651			6,220
Net non-recurring gains (losses)		15,879			3,598			12,281
Credit costs (3)		(7,310	)		(151	)		(7,159	)
Reversal of allowance for credit losses (4)		14,045			632			13,412
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		352			68			283
Net gains (losses) on equity securities		11,768			4,804			6,963
Gains on sales of equity securities		13,307			6,854			6,452
Losses on sales of equity securities		(1,409	)		(1,627	)		218
Losses on write-down of equity securities		(129	)		(422	)		292
Other non-recurring gains (losses)		(2,975	)		(1,756	)		(1,218	)

Ordinary profits		81,752			63,250			18,502

Net extraordinary gains (losses)		(131	)		(3,861	)		3,729
Income before income taxes		81,620			59,389			22,231
Income taxes-current		9,492			10,298			(805	)
Income taxes-deferred		6,962			939			6,023
Total taxes		16,455			11,237			5,217

Net income		65,165			48,151			17,013


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		7,086			550			6,536
Credit costs for trust accounts		—			—			—
Provision for general allowance for credit losses		14,005			658			13,346
Provision for special allowance for credit losses		39			(25	)		65
Allowance for credit to specific foreign borrowers		0			0			0
Losses on loans write-offs		—			(2	)		2
Provision for contingent losses included in credit costs		(7,310	)		(149	)		(7,161	)
Gains on loans written-off		352			68			283
Losses on sales of other loans, etc.		—			—			—

Mitsubishi UFJ Financial Group, Inc.

2. Non Performing Loans Based on the Financial Reconstruction Law

BTMU and MUTB Combined including Trust Account


	(in millions of yen)
	As of June 30, 2017			As of March 31, 2017
Bankrupt or De facto Bankrupt		188,955			119,803
Doubtful		399,058			426,284
Special Attention		541,542			627,162
Non Performing Loans		1,129,555			1,173,249
Total loans		105,116,704			105,413,893
Non Performing Loans / Total loans		1.07	%		1.11	%
BTMU Non-consolidated
	(in millions of yen)
	As of June 30, 2017			As of March 31, 2017
Bankrupt or De facto Bankrupt		187,081			117,714
Doubtful		392,445			418,034
Special Attention		508,022			571,405
Non Performing Loans		1,087,550			1,107,154
Total loans		90,434,059			90,743,260
Non Performing Loans / Total loans		1.20	%		1.22	%
MUTB Non-consolidated
	(in millions of yen)
	As of June 30, 2017			As of March 31, 2017
Bankrupt or De facto Bankrupt		1,869			2,085
Doubtful		6,525			8,159
Special Attention		33,367			55,603
Non Performing Loans		41,762			65,848
Total loans		14,664,959			14,652,339
Non Performing Loans / Total loans		0.28	%		0.44	%
MUTB Non-consolidated: Trust Account
	(in millions of yen)
	As of June 30, 2017			As of March 31, 2017
Bankrupt or De facto Bankrupt		3			3
Doubtful		87			90
Special Attention		151			153
Non Performing Loans		242			247
Total loans		17,685			18,293
Non Performing Loans / Total loans		1.37	%		1.35	%

Mitsubishi UFJ Financial Group, Inc.

3. Securities

MUFG Consolidated

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

(in millions of yen)

As of June 30, 2017

As of March 31, 2017

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Debt securities being held to maturity

3,277,995

48,048

3,560,825

50,325

(in millions of yen)

As of June 30, 2017

As of March 31, 2017

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Available-for-sale securities

54,635,345

3,353,735

54,813,148

3,139,063

Domestic equity securities

5,401,478

2,904,438

5,164,653

2,635,191

Domestic bonds

24,822,480

289,646

27,688,842

399,130

Other

24,411,387

159,650

21,959,652

104,742

Foreign equity securities

187,147

53,842

182,802

49,875

Foreign bonds

20,399,411

10,172

17,917,306

(8,487

)

Other

3,824,828

95,636

3,859,542

63,353

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

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

(in millions of yen)

As of June 30, 2017

As of March 31, 2017

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

2,037,382

49,936

2,348,504

52,045

Stocks of subsidiaries and affiliates

932,607

(7,076

)

932,607

(8,940

)

(in millions of yen)

As of June 30, 2017

As of March 31, 2017

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

37,108,347

2,512,830

37,723,034

2,347,803

Domestic equity securities

4,385,759

2,245,177

4,173,471

2,016,280

Domestic bonds

20,844,649

254,424

23,390,925

354,591

Other

11,877,938

13,228

10,158,637

(23,069

)

Foreign equity securities

174,015

48,537

170,335

44,257

Foreign bonds

9,557,673

(35,372

)

7,853,982

(35,584

)

Other

2,146,249

2,134,319

(31,742

)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

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

(in millions of yen)

As of June 30, 2017

As of March 31, 2017

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

9,514

218

—

Stocks of subsidiaries and affiliates

56,488

49,235

52,328

33,443

(in millions of yen)

As of June 30, 2017

As of March 31, 2017

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

13,967,785

800,130

13,508,608

752,569

Domestic equity securities

1,068,863

598,673

1,036,997

551,360

Domestic bonds

4,047,708

34,539

4,369,116

43,958

Other

8,851,212

166,917

8,102,494

157,250

Foreign equity securities

Foreign bonds

7,538,774

75,279

6,792,918

64,280

Other

1,312,369

91,594

1,309,514

92,933

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the three months ended June 30, 2017		For the three months ended June 30, 2016
ROE		9.00		6.06

Note:

ROE is computed as follows:

profits attributable to owners of parent × 4

×100

{(Total shareholders’ equity at the beginning of the period + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period + Foreign currency translation adjustments at the end of the period)} / 2

Mitsubishi UFJ Financial Group, Inc.

5. Average Interest Rate Spread

BTMU and MUTB Combined


(Domestic business segment)	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2017		For the three months ended June 30, 2016
Average interest rate on loans and bills discounted		0.81		0.81
Average interest rate on deposits and NCD		0.01		0.02
Interest rate spread		0.80		0.79

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		0.87		0.94
Interest rate spread		0.86		0.92

BTMU Non-consolidated

(Domestic business segment)	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2017		For the three months ended June 30, 2016
Average interest rate on loans and bills discounted		0.89		0.86
Average interest rate on deposits and NCD		0.00		0.01
Interest rate spread		0.88		0.85

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		0.95		1.01
Interest rate spread		0.95		1.00

MUTB Non-consolidated

(Domestic business segment)	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2017		For the three months ended June 30, 2016
Average interest rate on loans and bills discounted		0.46		0.54
Average interest rate on deposits and NCD		0.06		0.10
Interest rate spread		0.39		0.44

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		0.51		0.57
Interest rate spread		0.44		0.47

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of June 30, 2017		As of March 31, 2017
Deposits (ending balance)		156,277,374		155,498,777
Deposits (average balance)		157,749,353		149,718,788
Loans (ending balance)		95,262,001		95,677,312
Loans (average balance)		96,646,840		97,494,781

	(in millions of yen)
	As of June 30, 2017		As of March 31, 2017
Domestic deposits (ending balance)*		134,079,454		134,143,669
Individuals		74,344,027		73,093,302

Note:

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

BTMU Non-consolidated


	(in millions of yen)
	As of June 30, 2017		As of March 31, 2017
Deposits (ending balance)		141,793,021		139,164,104
Deposits (average balance)		142,303,360		135,613,401
Loans (ending balance)		80,958,259		81,394,063
Loans (average balance)		82,438,640		83,916,295

	(in millions of yen)
	As of June 30, 2017		As of March 31, 2017
Domestic deposits (ending balance)*		121,446,062		119,499,507
Individuals		66,455,137		65,352,462

Note:

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

MUTB Non-consolidated


	(in millions of yen)
	As of June 30, 2017		As of March 31, 2017

Deposits (ending balance)		14,484,352		16,334,673
Deposits (average balance)		15,445,993		14,105,387
Loans (ending balance)		14,303,741		14,283,249
Loans (average balance)		14,208,199		13,578,485

	(in millions of yen)
	As of June 30, 2017		As of March 31, 2017
Domestic deposits (ending balance)*		12,633,391		14,644,161
Individuals		7,888,890		7,740,840

Note:

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

Mitsubishi UFJ Financial Group, Inc.

7. Statements of Trust Assets and Liabilities

MUTB Non-consolidated

Including trust assets under service-shared co-trusteeship


(in millions of yen)	As of March 31, 2017		As of June 30, 2017
Assets:
Loans and bills discounted		204,237		233,043
Securities		53,054,465		52,602,183
Beneficiary rights to the trust		58,907,613		58,468,922
Securities held in custody accounts		3,259,572		3,648,943
Monetary claims		13,051,405		17,566,649
Tangible fixed assets		12,493,551		12,675,036
Intangible fixed assets		207,803		211,289
Other claims		3,950,126		3,667,555
Call loans		705,784		525,207
Due from banking account		9,100,260		8,237,280
Cash and due from banks		5,731,968		6,015,622

Total		160,666,790		163,851,734

Liabilities:
Money trusts		21,817,433		22,615,504
Pension trusts		12,741,687		11,874,570
Property formation benefit trusts		7,549		7,542
Investment trusts		63,323,815		62,396,042
Money entrusted other than money trusts		3,372,911		3,495,595
Securities trusts		5,399,262		5,821,159
Monetary claim trusts		12,195,074		16,689,365
Equipment trusts		66,298		67,995
Land and fixtures trusts		44,291		43,946
Composite trusts		41,698,466		40,840,011

Total		160,666,790		163,851,734


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

	2.	Trust assets and liabilities under a declaration of trust excluded from above table are 1,507 millions of yen as of March 31, 2017 and 1,506 millions of yen as of June 30, 2017, respectively.