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 Issuer

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

the Securities Exchange Act of 1934

For the month of November 2010

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 offices)

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 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

SIGNATURES

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

Date: November 15, 2010


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Manabu Ishii
Name:		Manabu Ishii
Title:		Chief Manager, General Affairs Corporate Administration Division


Consolidated Summary Report <under Japanese GAAP> for the six months ended September 30, 2010
		November 15, 2010
		November 15, 2010


Company name:	Mitsubishi UFJ Financial Group, Inc.	Stock exchange listings:	Tokyo, Osaka, Nagoya, New York
Code number:	8306	URL	http://www.mufg.jp/
Representative:	Katsunori Nagayasu, President & CEO
For inquiry:	Naoki Muramatsu, General Manager—Financial Planning Division / Financial Accounting Office
	TEL (03) 3240-7200
Quarterly securities report issuing date:	November 29, 2010	Dividend payment date:	December 8, 2010
Trading accounts:	Established
Supplemental information for quarterly financial statements:	Available
Quarterly investor meeting presentation:	Scheduled (for investors and analysts)

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

1. Consolidated Financial Data for the Six Months ended September 30, 2010

(1) Results of Operations


	(% represents the change from the previous fiscal year)
	Ordinary Income					Ordinary Profits				Net Income
	million yen		%			million yen		%		million yen		%
Six months ended
September 30, 2010		2,369,479		(9.5	)		542,053		132.6		356,775		153.1
September 30, 2009		2,618,434		(10.5	)		233,047		23.9		140,948		53.2


	Net Income per Common Stock		Diluted Net Income per Common Stock
	yen		yen
Six months ended
September 30, 2010		24.60		24.52
September 30, 2009		11.08		11.08

(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, 2010		206,380,869		11,331,965		4.4		617.45		15.24
March 31, 2010		204,106,939		11,299,459		4.6		612.05		14.87

(Reference) Shareholders’ equity as of September 30, 2010: 9,130,623 million yen; March 31, 2010: 9,305,795 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).

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, 2010		—		6.00		—		6.00		12.00
ending March 31, 2011		—		6.00
ending March 31, 2011 (Forecast)						—		6.00		12.00

(*1)

Amendment to the current-quarter dividends forecasted: None

(*2)

The information in the above table is only for dividends on common stocks. Please refer to “Dividends on preferred stocks” with regard to dividends on other type of (unlisted) stocks issued by us.

3. Earnings Forecasts for the Fiscal Year ending March 31, 2011 (Consolidated)

(*)	Revision of earnings forecasts on the presentation date of this Consolidated Summary Report: Yes

MUFG has the target of 500.0 billion yen of consolidated net income for the fiscal year ending March 31, 2011. (There is a change from our earnings target released on May 18, 2010.)

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.

4. Other (For more details, please see “Other information” in page 3 of Appendix.)

(1)	Changes in significant subsidiaries during the current interim period: Yes

One company is newly added (MM Partnership)


Note:		This section shows whether or not there is a change in Specified Subsidiaries (“tokutei kogaisha” in Japanese) that led to the change of the consolidation scope during the current interim period.

(2)	Changes in accounting policies, procedures, presentation rules, etc.

(A)

Changes due to revision of accounting standards: Yes

(B)

Changes due to reasons other than (A): No


Note:		This section shows changes to accounting policies, procedures, presentation rules, etc. that are described in Japanese regulations as “Alterations on significant issues that are the basis of the preparation for interim financial accounting statements”.

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

(A) Total stocks outstanding including treasury stocks:

Sep. 30, 2010

14,150,766,520 shares

Mar. 31, 2010

14,148,414,920 shares

(B) Treasury stocks:

Sep. 30, 2010

9,404,292 shares

Mar. 31, 2010

9,781,950 shares

Six months ended Sep. 30, 2010

14,140,309,303 shares

Six months ended Sep. 30, 2009

11,639,665,653 shares

(Summary of non-consolidated financial data)

1. Non-consolidated Financial Data for the Six Months ended September 30, 2010

(1) Results of Operations


	(% represents the change from 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, 2010		224,237		56.6			216,558		60.9			202,029		72.9			191,048			—
September 30, 2009		143,203		(42.2	)		134,571		(43.9	)		116,839		(49.5	)		(14,207	)		—


	Net Income per Common Stock
	yen
Six months ended
September 30, 2010		12.87
September 30, 2009		(2.25	)

(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, 2010		10,865,924		8,544,355		78.6		575.18
March 31, 2010		11,180,345		8,711,750		77.9		569.22

(Reference) Shareholders’ equity as of September 30, 2010: 8,538,192 million yen; March 31, 2010: 8,705,299 million yen

*Disclosure regarding the execution of the interim audit process

This “Consolidated Summary Report” (Quarterly “Tanshin”) is outside the scope of the external auditor’s interim audit procedure which is required by “Financial Instruments and Exchange Act”. Therefore, the interim audit process has not been completed as of this disclosure in the “Consolidated Summary Report”.

*Notes for using forecasted information etc.

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, 2010.

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.

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.

(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

Preferred Stock First Series of Class 3

Fiscal year ended March 31, 2010

—

30.00

—

30.00

60.00

Fiscal year ending March 31, 2011

(Note) MUFG repurchased Preferred Stock First Series of Class 3 in April 2010 and cancelled in April 2010.

Dividends per Share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

yen

Preferred Stock First Series of Class 5

Fiscal year ended March 31, 2010

—

57.50

—

57.50

115.00

Fiscal year ending March 31, 2011

—

57.50

Fiscal year ending March 31, 2011 (Forecast)

—

57.50

115.00

Dividends per Share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

yen

Preferred Stock Class 11

Fiscal year ended March 31, 2010

—

2.65

—

2.65

5.30

Fiscal year ending March 31, 2011

—

2.65

Fiscal year ending March 31, 2011 (Forecast)

—

2.65

5.30

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Qualitative Information Pertaining to Consolidated Earnings and others for the Six Months ended September 30, 2010			2
(1) Qualitative Information Pertaining to Consolidated Earnings Forecasts			2

2. Other Information			3
(1) Changes in significant subsidiaries			3
(2) Changes in accounting policies, procedures, presentation rules, etc.			3

3. Consolidated Financial Statements			4
(1) Consolidated Balance Sheets			4
(2) Consolidated Statements of Income			6
(3) Consolidated Statements of Changes in Net Assets			7
(4) Notes on Going-Concern Assumption			10

4. Non-consolidated Financial Statements			11
(1) Non-consolidated Balance Sheets			11
(2) Non-consolidated Statements of Operations			13
(3) Non-consolidated Statements of Changes in Net Assets			14
(4) Notes on Going-Concern Assumption			16

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Six Months Ended September 30, 2010”

(*)	The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet. Materials distributed for those will be uploaded in our homepage soon after the internet conference or the explanation is held.


Internet Conference:		November 15, 2010 (Monday)
Explanation for investors and analysts:		November 19, 2010 (Friday)

Mitsubishi UFJ Financial Group, Inc.

1. Qualitative Information Pertaining to Consolidated Earnings and others for the Six Months ended September 30, 2010

(1) Qualitative Information Pertaining to Consolidated Earnings Forecasts

MUFG has revised our earnings target of consolidated net income for the fiscal year ending March 31, 2011 upward to 500.0 billion yen to take into account the strong performance of the interim results of The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Mitsubishi UFJ Trust and Banking Corporation.

(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.)

[Reference]


	(in billions of Japanese yen)
	For the fiscal year ending March 31, 2011		For the six months ended September 30, 2010 (Results)		For the fiscal year ended March 31, 2010 (Results)		For the six months ended September 30, 2009 (Results)
Consolidated ordinary profits		900.0		542.0		545.6		233.0
Consolidated net income		500.0		356.7		388.7		140.9

<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		970.0		544.5		863.1		408.0
Ordinary profits		660.0		394.4		407.8		125.0
Net income		450.0		282.3		342.6		130.7
Mitsubishi UFJ Trust and Banking Corporation
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		150.0		76.2		110.2		52.9
Ordinary profits		110.0		62.8		53.2		35.3
Net income		70.0		41.5		67.2		24.7

Mitsubishi UFJ Financial Group, Inc.

2. Other Information

(1) Changes in significant subsidiaries

The following is a change in Specified Subsidiaries (“tokutei kogaisha” in Japanese) affecting the scope of consolidation during the current interim accounting period:

Name

Location

Investment
Amount

Primary Business

Ownership

MM Partnership

Chiyoda-ku, Tokyo

670.6 billion

Holding shares

Note:

MM Partnership is a partnership under the Civil Code of Japan which holds shares of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (“MUMSS”) and Morgan Stanley MUFG Securities Co., Ltd. (“MSMS”).

(2) Changes in accounting policies, procedures, presentation rules, etc.

(i)	Application of “Accounting Standard for Asset Retirement Obligations”

Starting with the current interim accounting period, we have applied “Accounting Standard for Asset Retirement Obligations” (ASBJ Statement No.18 issued on March 31, 2008) and “Guidance on Accounting Standard for Asset Retirement Obligations” (ASBJ Guidance No.21 issued on March 31, 2008).

Following the implementation stated above, “Ordinary Profits” and “Income before income taxes and others” are decreased 808 million yen, and 25,308 million yen, respectively.

(ii)	Application of “Accounting Standard for Business Combinations”

Starting with the current interim accounting period, we have applied “Accounting Standard for Business Combinations” (ASBJ Statement No. 21 issued on December 26, 2008), “Accounting Standard for Consolidated Financial Statements” (ASBJ Statement No.22 issued on December 26, 2008), “Partial amendments to Accounting Standard for Research and Development Costs” (ASBJ Statement No.23 issued on December 26, 2008), “Revised Accounting Standard for Business Divestitures” (ASBJ Statement No. 7 issued on December 26, 2008), “Revised Accounting Standard for Equity Method of Accounting for Investments” (ASBJ Statement No. 16 issued on December 26, 2008), and “Revised Guidance on Accounting Standard for Business Combinations and Accounting Standard for Business Divestitures” (ASBJ Guidance No. 10 issued on December 26, 2008).

Mitsubishi UFJ Financial Group, Inc.

3. Consolidated Financial Statements

(1) Consolidated Balance Sheets


	(in millions of yen)
	As of September 30, 2010			As of March 31, 2010
Assets:
Cash and due from banks		7,078,204			7,495,050
Call loans and bills bought		264,824			482,546
Receivables under resale agreements		5,145,071			3,559,309
Receivables under securities borrowing transactions		3,726,110			5,770,044
Monetary claims bought		2,772,983			2,967,002
Trading assets		19,641,615			16,448,683
Money held in trust		355,375			362,789
Securities		70,053,103			63,964,461
Loans and bills discounted		79,254,492			84,880,603
Foreign exchanges		1,115,983			1,051,325
Other assets		7,317,601			6,416,721
Tangible fixed assets		1,347,135			1,357,449
Intangible fixed assets		1,111,453			1,152,606
Deferred tax assets		513,542			646,495
Customers’ liabilities for acceptances and guarantees		7,912,172			8,889,771
Allowance for credit losses		(1,228,802	)		(1,337,922	)

Total assets		206,380,869			204,106,939

Liabilities:
Deposits		122,268,713			123,891,946
Negotiable certificates of deposit		11,166,716			11,019,571
Call money and bills sold		1,957,916			1,907,366
Payables under repurchase agreements		14,059,313			11,843,211
Payables under securities lending transactions		3,415,092			3,632,170
Commercial papers		152,654			196,929
Trading liabilities		12,885,221			9,894,186
Borrowed money		6,537,783			6,235,917
Foreign exchanges		698,579			704,233
Short-term bonds payable		481,065			480,545
Bonds payable		6,490,425			7,022,868
Due to trust accounts		1,488,794			1,559,765
Other liabilities		4,929,588			4,933,405
Reserve for bonuses		46,954			52,278
Reserve for bonuses to directors		309			751
Reserve for retirement benefits		60,861			61,821
Reserve for retirement benefits to directors		1,330			1,523
Reserve for loyalty award credits		10,544			8,717
Reserve for contingent losses		232,389			239,224
Reserves under special laws		2,229			3,098
Deferred tax liabilities		62,189			39,210
Deferred tax liabilities for land revaluation		188,057			188,963
Acceptances and guarantees		7,912,172			8,889,771

Total liabilities		195,048,904			192,807,479

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	As of September 30, 2010			As of March 31, 2010
Net assets:
Capital stock		2,137,439			2,136,582
Capital surplus		2,174,244			2,423,322
Retained earnings		4,666,196			4,405,512
Treasury stock		(6,439	)		(6,633	)

Total shareholders’ equity		8,971,439			8,958,783

Net unrealized gains (losses) on other securities		282,459			403,490
Net deferred gains (losses) on hedging instruments		77,037			92,402
Land revaluation excess		142,161			142,848
Foreign currency translation adjustments		(308,345	)		(254,800	)
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		(34,129	)		(36,930	)

Total valuation and translation adjustments		159,183			347,011

Subscription rights to shares		6,168			6,451
Minority interests		2,195,173			1,987,213

Total net assets		11,331,965			11,299,459

Total liabilities and net assets		206,380,869			204,106,939

Mitsubishi UFJ Financial Group, Inc.

(2) Consolidated Statements of Income


	(in millions of yen)
	For the six months ended September 30, 2009			For the six months ended September 30, 2010
Ordinary income		2,618,434			2,369,479
Interest income		1,500,108			1,277,731
Interest on loans and bills discounted		1,003,524			821,715
Interest and dividends on securities		304,769			310,462
Trust fees		52,456			50,521
Fees and commissions		572,542			553,917
Trading income		167,472			129,992
Other business income		209,473			270,432
Other ordinary income		116,381			86,884
Ordinary expenses		2,385,386			1,827,425
Interest expenses		385,012			268,475
Interest on deposits		173,396			113,736
Fees and commissions		79,387			79,670
Other business expenses		224,521			63,812
General and administrative expenses		1,111,730			1,051,900
Other ordinary expenses		584,735			363,566

Ordinary profits		233,047			542,053

Extraordinary gains		36,705			40,580
Gains on disposition of fixed assets		5,331			1,235
Gains on loans written-off		24,804			33,707
Reversal of reserve for contingent liabilities from financial instruments transactions		244			868
Reversal of allowance for losses on subsidiaries		5,026			—
Others		1,297			4,769
Extraordinary losses		55,378			33,635
Losses on disposition of fixed assets		14,348			4,334
Losses on impairment of fixed assets		10,097			4,854
Amortization of goodwill		27,918			—
Loss on adjustment for changes of accounting standard for asset retirement obligations		—			24,447
Others		3,012			—

Income before income taxes and others		214,374			548,998

Income taxes—current		50,242			47,664
Refund of income taxes		(16,090	)		—
Income taxes—deferred		8,442			137,156

Total taxes		42,593			184,820

Income before minority interests					364,177

Minority interests		30,832			7,401

Net income		140,948			356,775

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets


	(in millions of yen)
	For the six months ended September 30, 2009			For the six months ended September 30, 2010
Shareholders’ equity
Capital stock
Balance at the end of the previous period		1,620,896			2,136,582
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		—			856

Total changes during the period		—			856

Balance at the end of the period		1,620,896			2,137,439

Capital surplus
Balance at the end of the previous period		1,898,031			2,423,322
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		—			856
Disposition of treasury stock		(32	)		65
Retirement of treasury stock		—			(250,000	)
Change of application of equity method		(78	)		—

Total changes during the period		(111	)		(249,077	)

Balance at the end of the period		1,897,919			2,174,244

Retained earnings
Balance at the end of the previous period		4,168,625			4,405,512
Changes during the period
Dividends from retained earnings		(67,879	)		(96,779	)
Net income		140,948			356,775
Reversal of land revaluation excess		(1,591	)		687
Change of application of equity method		(1,840	)		—

Total changes during the period		69,637			260,683

Balance at the end of the period		4,238,262			4,666,196

Treasury stock
Balance at the end of the previous period		(6,867	)		(6,633	)
Changes during the period
Repurchase of treasury stock		(34	)		(250,014	)
Disposition of treasury stock		974			207
Retirement of treasury stock		—			250,000

Total changes during the period		939			193

Balance at the end of the period		(5,927	)		(6,439	)

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	For the six months ended September 30, 2009			For the six months ended September 30, 2010
Total shareholders’ equity
Balance at the end of the previous period		7,680,685			8,958,783
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		—			1,713
Dividends from retained earnings		(67,879	)		(96,779	)
Net income		140,948			356,775
Repurchase of treasury stock		(34	)		(250,014	)
Disposition of treasury stock		941			273
Retirement of treasury stock		—			—
Reversal of land revaluation excess		(1,591	)		687
Change of application of equity method		(1,919	)		—

Total changes during the period		70,465			12,656

Balance at the end of the period		7,751,150			8,971,439

Valuation and translation adjustments
Net unrealized gains (losses) on other securities
Balance at the end of the previous period		(776,397	)		403,490
Changes during the period
Net changes of items other than shareholders’ equity		902,836			(121,031	)

Total changes during the period		902,836			(121,031	)

Balance at the end of the period		126,439			282,459

Net deferred gains (losses) on hedging instruments
Balance at the end of the previous period		111,001			92,402
Changes during the period
Net changes of items other than shareholders’ equity		(2,907	)		(15,364	)

Total changes during the period		(2,907	)		(15,364	)

Balance at the end of the period		108,093			77,037

Land revaluation excess
Balance at the end of the previous period		142,502			142,848
Changes during the period
Net changes of items other than shareholders’ equity		1,591			(687	)

Total changes during the period		1,591			(687	)

Balance at the end of the period		144,093			142,161

Foreign currency translation adjustments
Balance at the end of the previous period		(302,352	)		(254,800	)
Changes during the period
Net changes of items other than shareholders’ equity		111,849			(53,545	)

Total changes during the period		111,849			(53,545	)

Balance at the end of the period		(190,502	)		(308,345	)

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	For the six months ended September 30, 2009			For the six months ended September 30, 2010
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP
Balance at the end of the previous period		(51,822	)		(36,930	)
Changes during the period
Net changes of items other than shareholders’ equity		(1,825	)		2,800

Total changes during the period		(1,825	)		2,800

Balance at the end of the period		(53,647	)		(34,129	)

Total valuation and translation adjustments
Balance at the end of the previous period		(877,067	)		347,011
Changes during the period
Net changes of items other than shareholders’ equity		1,011,543			(187,827	)

Total changes during the period		1,011,543			(187,827	)

Balance at the end of the period		134,476			159,183

Subscription rights to shares
Balance at the end of the previous period		4,650			6,451
Changes during the period
Net changes of items other than shareholders’ equity		778			(282	)

Total changes during the period		778			(282	)

Balance at the end of the period		5,429			6,168

Minority interests
Balance at the end of the previous period		1,762,372			1,987,213
Changes during the period
Net changes of items other than shareholders’ equity		292,203			207,959

Total changes during the period		292,203			207,959

Balance at the end of the period		2,054,575			2,195,173

Total net assets
Balance at the end of the previous period		8,570,641			11,299,459
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		—			1,713
Dividends from retained earnings		(67,879	)		(96,779	)
Net income		140,948			356,775
Repurchase of treasury stock		(34	)		(250,014	)
Disposition of treasury stock		941			273
Retirement of treasury stock		—			—
Reversal of land revaluation excess		(1,591	)		687
Change of application of equity method		(1,919	)		—
Net changes of items other than shareholders’ equity		1,304,525			19,849

Total changes during the period		1,374,990			32,505

Balance at the end of the period		9,945,632			11,331,965

Mitsubishi UFJ Financial Group, Inc.

(4) Notes on Going-Concern Assumption

Not applicable

Mitsubishi UFJ Financial Group, Inc.

4. Non-consolidated Financial Statements

(1) Non-consolidated Balance Sheets


	(in millions of yen)
	As of September 30, 2010		As of March 31, 2010
Assets:
Current assets:
Cash and due from banks		16,051		16,490
Securities		121,800		70,000
Accounts receivable		41,277		44,922
Others		25,659		36,299

Total current assets		204,787		167,712

Fixed assets:
Tangible fixed assets		225		261
Intangible fixed assets		2,465		1,974
Investments and other assets		10,658,445		11,010,397
Investment securities		799,348		906,980
Investments in subsidiaries and affiliates		9,858,826		10,104,826
Others		270		324
Allowance for losses on investments		—		(1,733	)

Total fixed assets		10,661,136		11,012,633

Total assets		10,865,924		11,180,345

Liabilities:
Current liabilities:
Short-term borrowings		1,386,131		1,129,452
Current portion of bonds payable		130,000		230,000
Current portion of long-term borrowings		238,500		257,252
Lease liabilities		43		46
Accounts payable		1,499		2,439
Income taxes payable		206		544
Reserve for bonuses		333		396
Others		5,635		6,062

Total current liabilities		1,762,349		1,626,193

Fixed liabilities:
Bonds payable		380,500		380,500
Long-term borrowings from subsidiaries and affiliates		173,169		450,245
Lease liabilities		121		149
Others		5,428		11,506

Total fixed liabilities		559,219		842,401

Total liabilities		2,321,568		2,468,594

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	As of September 30, 2010			As of March 31, 2010
Net assets:
Shareholders’ equity:
Capital stock		2,137,439			2,136,582
Capital surplus:
Capital reserve		2,137,456			2,136,600
Other capital surplus		1,860,006			2,109,941

Total capital surplus		3,997,463			4,246,541

Retained earnings:
Other retained earnings:
Other reserve		150,000			150,000
Earned surplus brought forward		2,256,328			2,162,138

Total retained earnings		2,406,328			2,312,138

Treasury stock		(21	)		(217	)

Total shareholders’ equity		8,541,209			8,695,044

Valuation and translation adjustments:
Net unrealized gains (losses) on other securities		(3,017	)		10,254

Total valuation and translation adjustments		(3,017	)		10,254

Subscription rights to shares		6,163			6,450

Total net assets		8,544,355			8,711,750

Total liabilities and net assets		10,865,924			11,180,345

Mitsubishi UFJ Financial Group, Inc.

(2) Non-consolidated Statements of Operations


	(in millions of yen)
	For the six months ended September 30, 2009			For the six months ended September 30, 2010
Operating income		143,203			224,237
Operating expenses		8,632			7,679

Operating profits		134,571			216,558

Non-operating income		5,917			7,977
Non-operating expenses		23,649			22,506

Ordinary profits		116,839			202,029

Extraordinary gains		563			1,733
Extraordinary losses		126,459			—

Income (loss) before income taxes		(9,056	)		203,763

Income taxes-current		4,231			3,816
Income taxes-deferred		919			8,898

Total taxes		5,151			12,715

Net income (loss)		(14,207	)		191,048

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, 2009			For the six months ended September 30, 2010
Shareholders’ equity
Capital stock
Balance at the end of the previous period		1,620,896			2,136,582
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		—			856

Total changes during the period		—			856

Balance at the end of the period		1,620,896			2,137,439

Capital surplus
Capital reserve
Balance at the end of the previous period		1,620,914			2,136,600
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		—			856

Total changes during the period		—			856

Balance at the end of the period		1,620,914			2,137,456

Other capital surplus
Balance at the end of the previous period		2,109,970			2,109,941
Changes during the period
Disposition of treasury stock		(32	)		65
Retirement of treasury stock		—			(250,000	)

Total changes during the period		(32	)		(249,934	)

Balance at the end of the period		2,109,937			1,860,006

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		2,211,855			2,162,138
Changes during the period
Dividends from retained earnings		(67,945	)		(96,857	)
Net income (loss)		(14,207	)		191,048

Total changes during the period		(82,152	)		94,190

Balance at the end of the period		2,129,702			2,256,328

Treasury stock
Balance at the end of the previous period		(979	)		(217	)
Changes during the period
Repurchase of treasury stock		(20	)		(250,011	)
Disposition of treasury stock		968			207
Retirement of treasury stock		—			250,000

Total changes during the period		947			195

Balance at the end of the period		(31	)		(21	)

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	For the six months ended September 30, 2009			For the six months ended September 30, 2010
Total shareholders’ equity
Balance at the end of the previous period		7,712,656			8,695,044
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		—			1,713
Dividends from retained earnings		(67,945	)		(96,857	)
Net income (loss)		(14,207	)		191,048
Repurchase of treasury stock		(20	)		(250,011	)
Disposition of treasury stock		935			273
Retirement of treasury stock		—			—

Total changes during the period		(81,237	)		(153,835	)

Balance at the end of the period		7,631,419			8,541,209

Valuation and translation adjustments
Net unrealized gains (losses) on other securities
Balance at the end of the previous period		—			10,254
Changes during the period
Net changes of items other than shareholders’ equity		13,794			(13,272	)

Total changes during the period		13,794			(13,272	)

Balance at the end of the period		13,794			(3,017	)

Subscription rights to shares
Balance at the end of the previous period		4,650			6,450
Changes during the period
Net changes of items other than shareholders’ equity		778			(287	)

Total changes during the period		778			(287	)

Balance at the end of the period		5,429			6,163

Total net assets
Balance at the end of the previous period		7,717,307			8,711,750
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		—			1,713
Dividends from retained earnings		(67,945	)		(96,857	)
Net income (loss)		(14,207	)		191,048
Repurchase of treasury stock		(20	)		(250,011	)
Disposition of treasury stock		935			273
Retirement of treasury stock		—			—
Net changes of items other than shareholders’ equity		14,572			(13,560	)

Total changes during the period		(66,665	)		(167,395	)

Balance at the end of the period		7,650,642			8,544,355

Mitsubishi UFJ Financial Group, Inc.

(4) Notes on Going-Concern Assumption

Not applicable

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 30, 2010

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

2. Average Interest Rate Spread			7
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]
[ BTMU and MUTB Combined ]

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting			8
[ MUFG Consolidated ][ BTMU Consolidated ][ MUTB Consolidated ]

4. Securities			9
[ MUFG Consolidated ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

5. ROE			12
[ MUFG Consolidated ]

6. Risk-Adjusted Capital Ratio Based on the Basel 2 Standards			13
[ MUFG Consolidated ][ BTMU Consolidated ][ MUTB Consolidated ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

7. Risk-Monitored Loans			14
[ MUFG Consolidated ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]
[ MUTB Non-consolidated : Trust Accounts ]

8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)			18
[ BTMU and MUTB Combined including Trust Accounts ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]
[ MUTB Non-consolidated : Trust Accounts ]

9. Progress in Disposition of Problem Assets			23
[ BTMU and MUSP Combined ]*5
[ MUTB Non-consolidated including Trust Accounts ]

10. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors			25
[ BTMU and MUTB Combined including Trust Accounts ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]
[ MUTB Non-consolidated : Trust Accounts ]

11. Overseas Loans			29
[ BTMU and MUTB Combined ]

12. Loans and Deposits			30
[ BTMU and MUTB Combined ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

13. Domestic Deposits			31
[ BTMU and MUTB Combined ]
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

14. Status of Deferred Tax Assets			32
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

(References)

1. Exposure to “Securitized Products and Related Investments”			34

2. Financial Statements			36
[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

(*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.

(*5) “MUSP” means MU Strategic Partner, Co., Ltd.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2010 (A)			September 30, 2009 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,870,712			1,813,239			57,472
Gross profits before credit costs for trust accounts		1,870,712			1,813,239			57,472
Net interest income		1,009,332			1,115,203			(105,871	)
Trust fees		50,521			52,456			(1,935	)
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		474,246			493,155			(18,909	)
Net trading profits		129,992			167,472			(37,480	)
Net other business profits		206,620			(15,048	)		221,668
Net gains (losses) on debt securities		170,746			24,873			145,873
General and administrative expenses		1,018,864			1,061,477			(42,613	)
Amortization of goodwill		15,787			17,185			(1,398	)
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		867,634			768,947			98,687
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		851,847			751,761			100,086
Provision for general allowance for credit losses (2)		32,480			(54,788	)		87,268
Net business profits*		884,328			696,973			187,355
Net non-recurring gains (losses)		(342,274	)		(463,925	)		121,650
Credit costs (3)		(222,928	)		(389,483	)		166,555
Losses on loan write-offs		(137,324	)		(145,707	)		8,382
Provision for specific allowance for credit losses		(86,880	)		(230,326	)		143,445
Other credit costs		1,277			(13,450	)		14,727
Net gains (losses) on equity securities		(27,346	)		13,353			(40,700	)
Gains on sales of equity securities		38,913			77,457			(38,543	)
Losses on sales of equity securities		(20,196	)		(32,644	)		12,448
Losses on write-down of equity securities		(46,064	)		(31,459	)		(14,605	)
Profits (losses) from investments in affiliates		(7,879	)		1,703			(9,583	)
Other non-recurring gains (losses)		(84,119	)		(89,498	)		5,378
Ordinary profits		542,053			233,047			309,005
Net extraordinary gains (losses)		6,944			(18,672	)		25,617
Gains on loans written-off (4)		33,707			24,804			8,902
Reversal of reserve for contingent losses included in credit costs (5)		3,672			—			3,672
Losses on impairment of fixed assets		(4,854	)		(10,097	)		5,243
Loss on adjustment for changes of accounting standard for asset retirement obligations		(24,447	)		—			(24,447	)
Amortization of goodwill		—			(27,918	)		27,918
Income before income taxes and others		548,998			214,374			334,623
Income taxes-current		47,664			50,242			(2,577	)
Refund of income taxes		—			(16,090	)		16,090
Income taxes-deferred		137,156			8,442			128,713
Total taxes		184,820			42,593			142,226
Income before minority interests		364,177			171,781			192,396
Minority interests		7,401			30,832			(23,430	)
Net income		356,775			140,948			215,827
Note:
* Net business profits = Banking subsidiaries’ net business 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)+(5)		(186,775	)		(444,272	)		257,496
Total credit costs + Gains on loans written-off (1)+(2)+(3)+(4)+(5)		(153,068	)		(419,467	)		266,398
Number of consolidated subsidiaries		239			249			(10	)
Number of affiliated companies accounted for under the equity method		66			58			8

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2010 (A)			September 30, 2009 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,215,403			1,068,966			146,436
Gross profits before credit costs for trust accounts		1,215,403			1,068,966			146,436
Net interest income		697,069			743,297			(46,228	)
Trust fees		38,352			40,158			(1,805	)
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		221,269			234,737			(13,468	)
Net trading profits		74,539			85,572			(11,032	)
Net other business profits		184,171			(34,799	)		218,971
Net gains (losses) on debt securities		164,032			21,391			142,640
General and administrative expenses		594,666			607,928			(13,261	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		620,736			461,037			159,698
Provision for general allowance for credit losses (2)		33,330			31,026			2,304
Net business profits		654,067			492,064			162,003
Net non-recurring gains (losses)		(196,822	)		(331,714	)		134,891
Credit costs (3)		(97,414	)		(255,077	)		157,663
Losses on loan write-offs		(55,757	)		(135,162	)		79,404
Provision for specific allowance for credit losses		(42,897	)		(114,259	)		71,361
Other credit costs		1,241			(5,655	)		6,897
Net gains (losses) on equity securities		(80,637	)		(10,956	)		(69,680	)
Gains on sales of equity securities		33,894			49,862			(15,967	)
Losses on sales of equity securities		(23,365	)		(32,418	)		9,052
Losses on write-down of equity securities		(91,166	)		(28,401	)		(62,765	)
Other non-recurring gains (losses)		(18,771	)		(65,680	)		46,909
Ordinary profits		457,244			160,349			296,895
Net extraordinary gains (losses)		2,950			10,793			(7,842	)
Gains on loans written-off (4)		19,712			18,560			1,151
Reversal of allowance for credit losses (5)		3,132			—			3,132
Reversal of reserve for contingent losses included in credit costs (6)		2,947			—			2,947
Losses on impairment of fixed assets		(3,162	)		(5,861	)		2,699
Loss on adjustment for changes of accounting standard for asset retirement obligations		(16,714	)		—			(16,714	)
Income before income taxes		460,195			171,142			289,052
Income taxes-current		18,767			19,953			(1,185	)
Refund of income taxes		—			(6,328	)		6,328
Income taxes-deferred		117,545			1,973			115,571
Total taxes		136,313			15,598			120,714
Net income		323,882			155,544			168,337

(Reference)
Total credit costs (1)+(2)+(3)+(5)+(6)		(58,002	)		(224,051	)		166,048
Total credit costs + Gains on loans written-off (1)+(2)+(3)+(4)+(5)+(6)		(38,290	)		(205,490	)		167,199

Mitsubishi UFJ Financial Group, Inc.

BTMU Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2010 (A)			September 30, 2009 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,292,639			1,199,294			93,345
Net interest income		767,026			847,721			(80,695	)
Trust fees		5,809			6,532			(722	)
Net fees and commissions		247,673			269,781			(22,108	)
Net trading profits		76,425			80,031			(3,605	)
Net other business profits		195,703			(4,773	)		200,476
Net gains (losses) on debt securities		159,008			33,856			125,151
General and administrative expenses		648,167			666,324			(18,157	)
Amortization of goodwill		8,466			8,201			265
Net business profits before provision for general allowance for credit losses and amortization of goodwill		652,939			541,171			111,767
Net business profits before provision for general allowance for credit losses		644,472			532,969			111,502
Provision for general allowance for credit losses (1)		6,079			(41,150	)		47,229
Net business profits*		650,551			491,819			158,732
Net non-recurring gains (losses)		(169,005	)		(349,633	)		180,628
Credit costs (2)		(117,437	)		(275,239	)		157,802
Losses on loan write-offs		(75,249	)		(138,710	)		63,461
Provision for specific allowance for credit losses		(43,344	)		(122,987	)		79,642
Other credit costs		1,155			(13,542	)		14,698
Net gains (losses) on equity securities		(35,085	)		(21,277	)		(13,807	)
Gains on sales of equity securities		32,265			38,665			(6,399	)
Losses on sales of equity securities		(21,852	)		(33,736	)		11,884
Losses on write-down of equity securities		(45,497	)		(26,205	)		(19,292	)
Profits (losses) from investments in affiliates		(7,544	)		432			(7,977	)
Other non-recurring gains (losses)		(8,937	)		(53,548	)		44,611
Ordinary profits		481,546			142,185			339,360
Net extraordinary gains (losses)		7,641			24,006			(16,365	)
Gains on loans written-off (3)		26,304			18,567			7,736
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		1,840			—			1,840
Net gains (losses) on disposition of fixed assets		(2,201	)		(8,013	)		5,811
Losses on impairment of fixed assets		(2,936	)		(3,625	)		688
Loss on adjustment for changes of accounting standard for asset retirement obligations		(15,833	)		—			(15,833	)
Income before income taxes and others		489,187			166,192			322,995
Income taxes-current		33,261			34,546			(1,285	)
Refund of income taxes		—			(15,293	)		15,293
Income taxes-deferred		98,689			(6,423	)		105,113
Total taxes		131,951			12,829			119,122
Income before minority interests		357,236			153,362			203,873
Minority interests		33,582			30,640			2,941
Net income		323,653			122,722			200,931
Note:
* Net business profits = Net business profits of BTMU + 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)+(4)+(5)		(109,517	)		(316,389	)		206,872
Total credit costs + Gains on loans written-off (1)+(2)+(3)+(4)+(5)		(83,212	)		(297,822	)		214,609

Number of consolidated subsidiaries		141			151			(10	)
Number of affiliated companies accounted for under the equity method		47			45			2

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2010 (A)			September 30, 2009 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,045,470			917,994			127,475
Domestic gross profits		654,336			642,323			12,013
Net interest income		454,610			474,817			(20,206	)
Net fees and commissions		117,085			126,035			(8,949	)
Net trading profits		(2,652	)		8,406			(11,059	)
Net other business profits		85,293			33,064			52,228
Net gains (losses) on debt securities		86,107			35,496			50,610
Non-domestic gross profits		391,133			275,670			115,462
Net interest income		165,312			190,254			(24,942	)
Net fees and commissions		63,903			71,866			(7,963	)
Net trading profits		68,971			69,083			(112	)
Net other business profits		92,946			(55,534	)		148,481
Net gains (losses) on debt securities		67,468			(2,411	)		69,880
General and administrative expenses		500,949			509,915			(8,966	)
Personnel expenses		188,464			188,844			(379	)
Non-personnel expenses		286,068			294,832			(8,764	)
Taxes		26,416			26,238			178
Net business profits before provision for general allowance for credit losses		544,520			408,078			136,441
Provision for general allowance for credit losses (1)		33,330			24,929			8,401
Net business profits		577,851			433,008			144,842
Net non-recurring gains (losses)		(183,449	)		(307,975	)		124,525
Credit costs (2)		(97,331	)		(238,607	)		141,275
Losses on loan write-offs		(55,553	)		(133,292	)		77,739
Provision for specific allowance for credit losses		(42,897	)		(99,950	)		57,052
Other credit costs		1,119			(5,363	)		6,483
Net gains (losses) on equity securities		(72,222	)		(16,480	)		(55,742	)
Gains on sales of equity securities		30,580			38,787			(8,206	)
Losses on sales of equity securities		(21,419	)		(32,161	)		10,741
Losses on write-down of equity securities		(81,383	)		(23,106	)		(58,277	)
Other non-recurring gains (losses)		(13,895	)		(52,887	)		38,992
Ordinary profits		394,401			125,032			269,368
Net extraordinary gains (losses)		569			12,291			(11,722	)
Gains on loans written-off (3)		19,031			17,731			1,300
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		2,282			—			2,282
Net gains (losses) on disposition of fixed assets		(2,643	)		(7,842	)		5,199
Losses on impairment of fixed assets		(2,936	)		(3,586	)		649
Loss on adjustment for changes of accounting standard for asset retirement obligations		(15,277	)		—			(15,277	)
Income before income taxes		394,971			137,324			257,646
Income taxes-current		16,031			20,252			(4,220	)
Refund of income taxes		—			(6,328	)		6,328
Income taxes-deferred		96,619			(7,364	)		103,983
Total taxes		112,650			6,559			106,091
Net income		282,320			130,765			151,555

(Reference)
Total credit costs (1)+(2)+(4)+(5)		(61,718	)		(213,677	)		151,959
Total credit costs + Gains on loans written-off (1)+(2)+(3)+(4)+(5)		(42,687	)		(195,946	)		153,259

Mitsubishi UFJ Financial Group, Inc.

MUTB Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2010 (A)			September 30, 2009 (B)			Increase (Decrease) (A) - (B)
Gross profits		192,780			178,360			14,419
Gross profits before credit costs for trust accounts		192,780			178,360			14,419
Trust fees		44,807			46,046			(1,238	)
Trust fees before credit costs for trust accounts		44,807			46,046			(1,238	)
Loan trusts and money trusts fees (Jointly operated designated money trusts before credit costs for trust accounts)		3,304			3,977			(673	)
Other trust fees		41,502			42,068			(565	)
Credit costs for trust accounts (1)		—			—			—
Net interest income		75,925			77,382			(1,457	)
Net fees and commissions		55,692			52,384			3,308
Net trading profits		10,070			14,809			(4,738	)
Net other business profits		6,284			(12,261	)		18,545
Net gains (losses) on debt securities		10,526			(11,692	)		22,218
General and administrative expenses		114,446			122,744			(8,298	)
Amortization of goodwill		—			—			—
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		78,333			55,615			22,717
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		78,333			55,615			22,717
Provision for general allowance for credit losses (2)		—			6,027			(6,027	)
Net business profits*		78,333			61,643			16,690
Net non-recurring gains (losses)		(13,740	)		(23,138	)		9,397
Credit costs (3)		(237	)		(16,693	)		16,456
Losses on loan write-offs		(359	)		(1,973	)		1,614
Provision for specific allowance for credit losses		—			(14,409	)		14,409
Other credit costs		121			(310	)		432
Net gains (losses) on equity securities		(8,410	)		5,401			(13,812	)
Gains on sales of equity securities		3,318			10,949			(7,631	)
Losses on sales of equity securities		(1,945	)		(252	)		(1,692	)
Losses on write-down of equity securities		(9,783	)		(5,295	)		(4,488	)
Profits (losses) from investments in affiliates		674			1,440			(766	)
Other non-recurring gains (losses)		(5,767	)		(13,287	)		7,520
Ordinary profits		64,592			38,504			26,088
Net extraordinary gains (losses)		2,042			(1,653	)		3,695
Gains on loans written-off (4)		631			777			(146	)
Reversal of allowance for credit losses (5)		2,986			—			2,986
Reversal of reserve for contingent losses included in credit costs (6)		633			—			633
Losses on impairment of fixed assets		(230	)		(2,349	)		2,118
Loss on adjustment for changes of accounting standard for asset retirement obligations		(1,525	)		—			(1,525	)
Income before income taxes and others		66,635			36,851			29,783
Income taxes—current		3,728			1,311			2,416
Income taxes—deferred		20,926			8,965			11,960
Total taxes		24,654			10,277			14,376
Income before minority interests		41,980			26,573			15,406
Minority interests		2,227			2,073			154
Net income		39,753			24,500			15,252
Note:
* Net business profits = Net business profits of MUTB + 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)+(5)+(6)		3,383			(10,666	)		14,050
Total credit costs + Gains on loans written-off (1)+(2)+(3)+(4)+(5)+(6)		4,014			(9,889	)		13,903
Number of consolidated subsidiaries		25			25			—
Number of affiliated companies accounted for under the equity method		12			7			5

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2010 (A)			September 30, 2009 (B)			Increase (Decrease) (A) - (B)
Gross profits		169,933			150,972			18,961
Gross profits before credit costs for trust accounts		169,933			150,972			18,961
Domestic gross profits		130,878			131,322			(443	)
Trust fees		38,352			40,158			(1,805	)
Trust fees before credit costs for trust accounts		38,352			40,158			(1,805	)
Loan trusts and money trusts fees (Jointly operated designated money trusts before credit costs for trust accounts)		3,304			3,977			(673	)
Other trust fees		35,048			36,180			(1,132	)
Credit costs for trust accounts (1)		—			—			—
Net interest income		49,684			48,953			730
Net fees and commissions		40,645			37,016			3,628
Net trading profits		18,794			16,604			2,189
Net other business profits		(16,597	)		(11,410	)		(5,187	)
Net gains (losses) on debt securities		(12,103	)		(10,310	)		(1,793	)
Non-domestic gross profits		39,054			19,649			19,404
Net interest income		27,461			29,272			(1,810	)
Net fees and commissions		(364	)		(181	)		(183	)
Net trading profits		(10,572	)		(8,522	)		(2,050	)
Net other business profits		22,529			(918	)		23,448
Net gains (losses) on debt securities		22,560			(1,382	)		23,942
General and administrative expenses		93,716			98,012			(4,295	)
Personnel expenses		33,555			33,945			(390	)
Non-personnel expenses		55,788			58,962			(3,173	)
Taxes		4,372			5,104			(731	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		76,216			52,959			23,257
Provision for general allowance for credit losses (2)		—			6,096			(6,096	)
Net business profits		76,216			59,056			17,160
Net non-recurring gains (losses)		(13,373	)		(23,739	)		10,366
Credit costs (3)		(82	)		(16,470	)		16,387
Losses on loan write-offs		(204	)		(1,869	)		1,665
Provision for specific allowance for credit losses		—			(14,308	)		14,308
Other credit costs		121			(291	)		413
Net gains (losses) on equity securities		(8,414	)		5,523			(13,938	)
Gains on sales of equity securities		3,314			11,075			(7,760	)
Losses on sales of equity securities		(1,945	)		(256	)		(1,688	)
Losses on write-down of equity securities		(9,783	)		(5,295	)		(4,488	)
Other non-recurring gains (losses)		(4,875	)		(12,792	)		7,916
Ordinary profits		62,843			35,316			27,526
Net extraordinary gains (losses)		2,381			(1,498	)		3,879
Gains on loans written-off (4)		680			829			(148	)
Reversal of allowance for credit losses (5)		3,132			—			3,132
Reversal of reserve for contingent losses included in credit costs (6)		665			—			665
Losses on impairment of fixed assets		(226	)		(2,275	)		2,049
Loss on adjustment for changes of accounting standard for asset retirement obligations		(1,436	)		—			(1,436	)
Income before income taxes		65,224			33,818			31,405
Income taxes-current		2,736			(298	)		3,035
Income taxes-deferred		20,926			9,338			11,587
Total taxes		23,662			9,039			14,623
Net income		41,561			24,779			16,782

(Reference)
Total credit costs (1)+(2)+(3)+(5)+(6)		3,715			(10,373	)		14,089
Total credit costs + Gains on loans written-off (1)+(2)+(3)+(4)+(5)+(6)		4,396			(9,544	)		13,940

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BTMU Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2010 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2009 (B)
Total average interest rate on interest-earning assets (a)		1.02		(0.16	)		1.18
Average interest rate on loans and bills discounted (b)		1.48		(0.11	)		1.59
Average interest rate on securities		0.55		(0.11	)		0.67
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.88		(0.11	)		0.99
Average interest rate on deposits and NCD (d)		0.10		(0.06	)		0.16
Average interest rate on other liabilities		0.50		(0.12	)		0.62
Overall interest rate spread (a)-(c)		0.14		(0.05	)		0.19
Interest rate spread (b)-(d)		1.37		(0.05	)		1.42

MUTB Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2010 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2009 (B)
Total average interest rate on interest-earning assets (a)		0.95		(0.10	)		1.05
Average interest rate on loans and bills discounted (b)		1.16		(0.19	)		1.35
Average interest rate on securities		0.77		0.04			0.73
Total average interest rate on interest-bearing liabilities (c)		0.35		(0.13	)		0.49
Average interest rate on deposits and NCD (d)		0.34		(0.15	)		0.50
Overall interest rate spread (a)-(c)		0.59		0.02			0.56
Interest rate spread (b)-(d)		0.81		(0.03	)		0.84

BTMU and MUTB combined


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2010 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2009 (B)
Average interest rate on loans and bills discounted (a)		1.43		(0.12	)		1.55
Average interest rate on deposits and NCD (b)		0.13		(0.07	)		0.21
Interest rate spread (a)-(b)		1.29		(0.05	)		1.34

Mitsubishi UFJ Financial Group, Inc.

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

MUFG Consolidated

(in billions of yen)

As of September 30, 2010

within
1 year

1 year to
5 years

over
5 years

Total

Receive-fix/pay-floater

4,498.9

5,057.3

891.2

10,447.5

Receive-floater/pay-fix

388.8

2,117.7

791.6

3,298.2

Receive-floater/pay-floater

—

20.0

—

20.0

Receive-fix/pay-fix

6.0

29.6

67.8

103.4

Total

4,893.8

7,224.6

1,750.7

13,869.2

BTMU Consolidated

(in billions of yen)

As of September 30, 2010

within
1 year

1 year to
5 years

over
5 years

Total

Receive-fix/pay-floater

3,743.4

3,131.3

807.7

7,682.5

Receive-floater/pay-fix

307.0

1,447.9

248.2

2,003.2

Receive-floater/pay-floater

—

20.0

—

20.0

Receive-fix/pay-fix

—

Total

4,050.4

4,599.2

1,056.0

9,705.7

MUTB Consolidated

(in billions of yen)

As of September 30, 2010

within
1 year

1 year to
5 years

over
5 years

Total

Receive-fix/pay-floater

802.0

1,938.1

83.5

2,823.6

Receive-floater/pay-fix

93.3

690.2

469.9

1,253.4

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

895.3

2,628.3

553.4

4,077.0

Mitsubishi UFJ Financial Group, Inc.

4. Securities

MUFG Consolidated

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

Fair Value Information on Securities


	(in millions of yen)
	As of September 30, 2010									As of March 31, 2010
	Amount on consolidated balance sheet		Differences							Amount on consolidated balance sheet		Differences
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Debt securities being held to maturity		3,178,854		73,133			80,964		7,830		3,417,795		82,784			84,580		1,796
Domestic bonds		1,219,547		14,924			14,924		—		1,240,439		20,068			20,068		—
Government bonds		977,308		11,940			11,940		—		977,342		15,972			15,972		—
Municipal bonds		32,629		369			369		—		42,348		585			585		—
Corporate bonds		209,610		2,614			2,614		—		220,748		3,511			3,511		—
Other		1,959,306		58,209			66,040		7,830		2,177,356		62,715			64,512		1,796
Foreign bonds		946,481		4,009			11,083		7,073		1,021,985		6,738			8,391		1,653
Other		1,012,825		54,199			54,956		756		1,155,370		55,977			56,120		142

	(in millions of yen)
	As of September 30, 2010									As of March 31, 2010
	Amount on consolidated balance sheet		Differences							Amount on consolidated balance sheet		Differences
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Other securities		66,340,542		697,391			1,390,030		692,639		60,406,360		812,706			1,398,942		586,235
Domestic equity securities		3,538,055		87,936			585,083		497,146		4,277,363		681,771			983,817		302,045
Domestic bonds		46,896,537		353,668			379,544		25,875		43,376,692		117,109			173,933		56,824
Government bonds		42,564,326		279,556			287,370		7,814		38,748,045		79,912			113,618		33,706
Municipal bonds		206,736		9,957			9,957		—		280,899		8,080			8,148		67
Corporate bonds		4,125,474		64,155			82,216		18,061		4,347,746		29,116			52,166		23,050
Other		15,905,949		255,786			425,402		169,616		12,752,305		13,825			241,191		227,365
Foreign equity securities		261,813		64,368			67,463		3,094		282,573		73,578			73,806		227
Foreign bonds		13,931,506		278,908			302,169		23,260		10,702,586		77,276			132,837		55,560
Other		1,712,629		(87,491	)		55,769		143,261		1,767,145		(137,030	)		34,547		171,578

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”.

Fair Value Information on Securities

(in millions of yen)

As of September 30, 2010

As of March 31, 2010

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

1,150,972

43,440

—

1,289,654

39,123

39,266

142

Stocks of subsidiaries and affiliates

119,098

(16,793

)

17,908

34,701

155,769

(32,164

)

12,463

44,627


	(in millions of yen)
	As of September 30, 2010									As of March 31, 2010
	Amount on balance sheet		Differences			Gains		Losses		Amount on balance sheet		Differences			Gains		Losses
Other securities		54,994,011		430,154			1,037,423		607,269		49,791,929		517,825			1,017,742		499,917
Domestic equity securities		2,753,821		(81,002	)		417,725		498,728		3,366,529		385,677			707,125		321,448
Domestic bonds		42,531,657		304,120			327,134		23,013		39,374,157		104,353			155,552		51,199
Other		9,708,532		207,036			292,564		85,528		7,051,241		27,794			155,063		127,269
Foreign equity securities		161,503		65,634			65,637		2		152,122		54,500			54,501		1
Foreign bonds		8,270,034		166,732			179,047		12,314		5,669,356		45,678			72,991		27,313
Other		1,276,994		(25,331	)		47,879		73,211		1,229,762		(72,384	)		27,570		99,954

Redemption schedule of other securities with maturities and debt securities being held to maturity

(in millions of yen)

As of September 30, 2010

As of March 31, 2010

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

Domestic bonds

9,519,371

28,245,854

1,841,188

3,175,387

13,950,371

20,028,947

3,183,309

2,461,706

Government bonds

9,108,337

26,084,309

1,204,021

2,422,605

13,464,223

17,754,168

2,394,184

1,699,406

Municipal bonds

4,482

87,776

112,881

427

2,346

77,521

199,524

420

Corporate bonds

406,551

2,073,768

524,285

752,354

483,801

2,197,257

589,601

761,879

Other

985,026

3,317,086

2,191,703

3,418,413

912,241

1,870,445

1,962,373

2,869,639

Foreign bonds

841,489

3,107,228

1,642,472

2,653,963

775,335

1,789,207

1,280,910

1,795,559

Other

143,537

209,857

549,231

764,450

136,905

81,238

681,463

1,074,079

Total

10,504,398

31,562,940

4,032,891

6,593,801

14,862,612

21,899,393

5,145,683

5,331,345

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

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

Fair Value Information on Securities

(in millions of yen)

As of September 30, 2010

As of March 31, 2010

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

1,534,530

19,210

20,195

985

1,555,809

22,387

22,688

300

Stocks of subsidiaries and affiliates

40,375

2,693

—

40,375

(2,479

)

751

3,231

(in millions of yen)

As of September 30, 2010

As of March 31, 2010

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Other securities

8,672,956

114,000

283,321

169,321

7,787,226

123,399

272,068

148,668

Domestic equity securities

734,464

37,149

131,818

94,669

872,173

146,380

208,677

62,296

Domestic bonds

3,978,320

51,296

51,937

641

3,620,332

15,974

18,264

2,290

Other

3,960,171

25,554

99,565

74,011

3,294,720

(38,955

)

45,126

84,081

Foreign equity securities

784

197

—

1,187

322

—

Foreign bonds

3,576,109

87,896

92,459

4,562

2,806,303

26,991

40,257

13,266

Other

383,278

(62,540

)

6,908

69,448

487,228

(66,269

)

4,546

70,815

Redemption schedule of other securities with maturities and debt securities being held to maturity

(in millions of yen)

As of September 30, 2010

As of March 31, 2010

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

Domestic bonds

1,521,117

2,178,243

1,046,821

163,037

1,707,507

2,403,470

377,544

75,740

Government bonds

1,406,513

1,796,604

1,018,866

150,975

1,599,606

2,037,705

368,921

64,043

Municipal bonds

18,621

14,607

517

19,659

23,323

403

Corporate bonds

95,982

367,031

27,437

12,012

88,241

342,442

8,220

11,648

Other

419,864

2,768,134

993,975

239,193

516,659

2,342,441

658,919

134,391

Foreign bonds

388,739

2,690,802

882,683

217,514

499,129

2,226,603

579,952

111,499

Other

31,125

77,332

111,292

21,679

17,530

115,838

78,967

22,891

Total

1,940,982

4,946,378

2,040,797

402,231

2,224,167

4,745,912

1,036,464

210,131

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the six months
ended
September 30, 2010
(A)

Increase
(Decrease)
(A) - (B)

For the six months
ended
September 30, 2009
(B)

ROE*

8.51

4.73

3.77


Note:
* ROE is computed as follows:

Net income × 2 - Equivalent of annual dividends on nonconvertible preferred stocks							× 100
{(Total shareholders’ equity at the beginning of the period - Number of nonconvertible preferred stocks at the beginning of the period × Issue price + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period - Number of nonconvertible preferred stocks at the end of the period × Issue price + Foreign currency translation adjustments at the end of the period)} / 2

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio Based on the Basel 2 Standards

MUFG Consolidated


		(in billions of yen)
		As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
(1)	Risk-adjusted capital ratio		15.24	%		0.37	%		14.87	%
	Tier 1 ratio		11.57	%		0.93	%		10.63	%
(2)	Tier 1 capital		10,194.1			184.5			10,009.6
(3)	Qualified Tier 2 capital		3,990.7			(458.8	)		4,449.6
(4)	Deductions from total qualifying capital		763.2			295.7			467.5
(5)	Net qualifying capital (2)+(3)-(4)		13,421.6			(570.0	)		13,991.7
(6)	Risk-adjusted assets		88,054.3			(6,026.9	)		94,081.3
(7)	Required Capital		7,044.3			(482.1	)		7,526.5

BTMU Consolidated


		(in billions of yen)
		As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
(1)	Risk-adjusted capital ratio		15.77	%		0.22	%		15.54	%
	Tier 1 ratio		11.38	%		0.54	%		10.84	%
(2)	Tier 1 capital		8,243.5			(105.9	)		8,349.4
(3)	Qualified Tier 2 capital		3,446.3			(454.9	)		3,901.3
(4)	Deductions from total qualifying capital		271.9			(13.7	)		285.7
(5)	Net qualifying capital (2)+(3)-(4)		11,417.9			(547.1	)		11,965.0
(6)	Risk-adjusted assets		72,393.5			(4,583.0	)		76,976.5
(7)	Required Capital		5,791.4			(366.6	)		6,158.1

MUTB Consolidated


		(in billions of yen)
		As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
(1)	Risk-adjusted capital ratio		17.28	%		1.26	%		16.02	%
	Tier 1 ratio		13.77	%		1.30	%		12.47	%
(2)	Tier 1 capital		1,379.6			27.6			1,352.0
(3)	Qualified Tier 2 capital		432.0			(46.7	)		478.8
(4)	Deductions from total qualifying capital		80.4			(13.2	)		93.6
(5)	Net qualifying capital (2)+(3)-(4)		1,731.3			(5.9	)		1,737.2
(6)	Risk-adjusted assets		10,017.0			(824.8	)		10,841.9
(7)	Required Capital		801.3			(65.9	)		867.3

BTMU Non-consolidated


		(in billions of yen)
		As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
(1)	Risk-adjusted capital ratio		16.63	%		0.29	%		16.34	%
	Tier 1 ratio		12.13	%		0.54	%		11.59	%
(2)	Tier 1 capital		8,108.5			(167.6	)		8,276.1
(3)	Net qualifying capital		11,115.2			(551.7	)		11,667.0
(4)	Risk-adjusted assets		66,814.7			(4,577.7	)		71,392.4
(5)	Required Capital		5,345.1			(366.2	)		5,711.3

MUTB Non-consolidated


		(in billions of yen)
		As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
(1)	Risk-adjusted capital ratio		17.40	%		1.29	%		16.10	%
	Tier 1 ratio		13.41	%		1.31	%		12.09	%
(2)	Tier 1 capital		1,336.9			31.4			1,305.5
(3)	Net qualifying capital		1,734.3			(3.6	)		1,738.0
(4)	Risk-adjusted assets		9,967.0			(824.8	)		10,791.9
(5)	Required Capital		797.3			(65.9	)		863.3

Note:

Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006. Risk-adjusted capital ratio of BTMU and MUTB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006. Required Capital is 8% of risk-adjusted assets.

Mitsubishi UFJ Financial Group, Inc.

7. Risk-Monitored Loans

MUFG Consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2010 (A)		% to total loans and bills discounted			As of March 31, 2010 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
	As of September 30, 2010 (A)		% to total loans and bills discounted			As of March 31, 2010 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		64,024		0.08	%		113,104		0.13	%		(49,079	)		(0.05	)%
Non-accrual delinquent loans		1,200,157		1.51	%		1,212,609		1.42	%		(12,451	)		0.08	%
Accruing loans contractually past due 3 months or more		48,410		0.06	%		29,175		0.03	%		19,235			0.02	%
Restructured loans		501,308		0.63	%		411,137		0.48	%		90,170			0.14	%

Total risk monitored loans		1,813,900		2.28	%		1,766,026		2.08	%		47,873			0.20	%

Total loans and bills discounted		79,254,492					84,880,603					(5,626,110	)


Written-off		983,081					981,866					1,215

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2010 (A)		% to total risk monitored loans			As of March 31, 2010 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
	As of September 30, 2010 (A)		% to total risk monitored loans			As of March 31, 2010 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		1,228,802		67.74	%		1,337,922		75.75	%		(109,119	)		(8.01	)%
General allowance for credit losses		763,299					830,023					(66,723	)
Specific allowance for credit losses		464,747					507,086					(42,339	)
Allowance for credit to specific foreign borrowers		755					812					(56	)

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,537,132		1,467,926		69,205
Overseas		276,767		298,099		(21,331	)
Asia		11,066		14,466		(3,399	)
Indonesia		2,309		3,526		(1,217	)
Thailand		5,341		5,772		(430	)
Hong Kong		699		618		80
Other		2,715		4,548		(1,832	)
United States of America		136,452		147,316		(10,863	)
Other		129,248		136,316		(7,068	)

Total		1,813,900		1,766,026		47,873

Classified by Industry


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,537,132		1,467,926		69,205
Manufacturing		194,519		180,462		14,057
Construction		54,483		48,642		5,841
Wholesale and retail		181,227		151,744		29,482
Finance and insurance		3,731		4,448		(717	)
Real estate, goods rental and leasing		221,451		254,630		(33,178	)
Services		104,654		103,783		871
Other industries		149,393		186,158		(36,764	)
Consumer		627,669		538,057		89,612
Overseas		276,767		298,099		(21,331	)
Financial institutions		30,015		21,998		8,016
Commercial and industrial		153,382		171,587		(18,205	)
Other		93,369		104,512		(11,142	)

Total		1,813,900		1,766,026		47,873

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2010 (A)		% to total loans and bills discounted			As of March 31, 2010 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		51,490		0.08	%		89,791		0.12	%		(38,301	)		(0.04	)%
Non-accrual delinquent loans		848,803		1.33	%		836,861		1.21	%		11,942			0.12	%
Accruing loans contractually past due 3 months or more		43,338		0.06	%		24,730		0.03	%		18,607			0.03	%
Restructured loans		357,065		0.56	%		265,398		0.38	%		91,666			0.17	%

Total risk monitored loans		1,300,697		2.04	%		1,216,781		1.76	%		83,915			0.28	%

Total loans and bills discounted		63,649,511					69,106,624					(5,457,113	)


Written-off		755,407					749,744					5,663

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2010 (A)		% to total risk monitored loans			As of March 31, 2010 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		658,146		50.59	%		722,486		59.37	%		(64,340	)		(8.77	)%
General allowance for credit losses		377,359					410,690					(33,330	)
Specific allowance for credit losses		280,030					310,984					(30,953	)
Allowance for credit to specific foreign borrowers		755					812					(56	)

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,157,252		1,048,842		108,410
Overseas		143,444		167,939		(24,494	)
Asia		4,519		7,009		(2,489	)
Indonesia		1,632		2,732		(1,099	)
Thailand		1,112		1,159		(47	)
Hong Kong		699		618		80
Other		1,075		2,498		(1,422	)
United States of America		10,615		24,816		(14,201	)
Other		128,309		136,114		(7,804	)

Total		1,300,697		1,216,781		83,915

Classified by Industry


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,157,252		1,048,842		108,410
Manufacturing		188,708		167,588		21,120
Construction		52,604		46,246		6,357
Wholesale and retail		177,852		148,347		29,504
Finance and insurance		1,817		2,319		(502	)
Real estate		170,366		192,827		(22,460	)
Goods rental and leasing		24,755		28,915		(4,159	)
Services		101,445		100,133		1,311
Other industries		125,217		160,673		(35,455	)
Consumer		314,484		201,790		112,693
Overseas		143,444		167,939		(24,494	)
Financial institutions		28,679		20,951		7,728
Commercial and industrial		52,962		78,415		(25,453	)
Other		61,802		68,572		(6,769	)

Total		1,300,697		1,216,781		83,915

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2010 (A)		% to total loans and bills discounted			As of March 31, 2010 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		1,860		0.01	%		8,352		0.08	%		(6,491	)		(0.06	)%
Non-accrual delinquent loans		60,962		0.58	%		64,798		0.63	%		(3,835	)		(0.04	)%
Accruing loans contractually past due 3 months or more		376		0.00	%		486		0.00	%		(110	)		(0.00	)%
Restructured loans		11,321		0.10	%		18,203		0.17	%		(6,881	)		(0.06	)%

Total risk monitored loans		74,521		0.71	%		91,841		0.89	%		(17,319	)		(0.17	)%

Total loans and bills discounted		10,359,104					10,257,717					101,387


Written-off		22,575					30,690					(8,114	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2010 (A)		% to total risk monitored loans			As of March 31, 2010 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		62,819		84.29	%		66,448		72.35	%		(3,628	)		11.94	%
General allowance for credit losses		33,482					36,277					(2,795	)
Specific allowance for credit losses		29,337					30,170					(833	)
Allowance for credit to specific foreign borrowers		—					—					—

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		74,491		91,796		(17,305	)
Overseas		30		44		(14	)
Asia		—		—		—
Indonesia		—		—		—
Thailand		—		—		—
Hong Kong		—		—		—
Other		—		—		—
United States of America		16		30		(14	)
Other		13		13		(0	)

Total		74,521		91,841		(17,319	)

Classified by Industry


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		74,491		91,796		(17,305	)
Manufacturing		5,771		12,835		(7,064	)
Construction		1,815		2,269		(454	)
Wholesale and retail		3,049		3,096		(47	)
Finance and insurance		1,876		2,094		(217	)
Real estate		21,250		27,606		(6,355	)
Goods rental and leasing		140		180		(40	)
Services		2,384		2,839		(455	)
Other industries		24,152		25,447		(1,294	)
Consumer		14,049		15,425		(1,375	)
Overseas		30		44		(14	)
Financial institutions		—		—		—
Commercial and industrial		16		44		(27	)
Other		13		—		13

Total		74,521		91,841		(17,319	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Accounts

“Trust Accounts” represents trust accounts with contracts indemnifying the principal amounts.

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2010 (A)		% to total loans and bills discounted			As of March 31, 2010 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
	As of September 30, 2010 (A)		% to total loans and bills discounted			As of March 31, 2010 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		110		0.09	%		109		0.08	%		0			0.00	%
Non-accrual delinquent loans		25		0.02	%		15		0.01	%		10			0.00	%
Accruing loans contractually past due 3 months or more		72		0.06	%		77		0.06	%		(5	)		(0.00	)%
Restructured loans		723		0.60	%		803		0.64	%		(80	)		(0.03	)%

Total risk monitored loans		931		0.78	%		1,006		0.80	%		(74	)		(0.02	)%

Total loans and bills discounted		119,171					125,147					(5,976	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Special internal reserves		—		349		(349	)
Allowance for bad debts		361		378		(17	)

(3) Classification of Risk-Monitored Loans

Classified by Industry


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		931		1,006		(74	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		334		371		(36	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		597		635		(37	)

Total		931		1,006		(74	)

Mitsubishi UFJ Financial Group, Inc.

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

BTMU and MUTB combined including Trust Accounts

“Trust accounts” represents trust accounts with contracts indemnifying the principal amounts.

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2010 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		142,446			194,230			(51,784	)
Doubtful		860,743			845,033			15,709
Special Attention		412,794			309,529			103,265

Non Performing Loans (1)		1,415,983			1,348,793			67,190

Normal		81,999,237			88,269,795			(6,270,557	)

Total		83,415,221			89,618,588			(6,203,366	)


Non Performing Loans / Total		1.69	%		1.50	%		0.19	%

(2) Status of Coverage of Non Performing Loans


	(in millions of yen)
	As of September 30, 2010 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		1,103,663			1,059,280			44,382
Allowance for credit losses		386,800			413,408			(26,607	)
Collateral, guarantees, etc.		716,863			645,872			70,990

Coverage ratio (2) / (1)		77.94	%		78.53	%		(0.59)	%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount
(A)

Allowance for
credit losses
(B)

Covered by
collateral and/or
guarantees
(C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] /(A)

Bankrupt or De facto Bankrupt

142,446

2,684

139,761

100.00

[194,230

]

[3,006

]

[191,224

]

[100.00

Doubtful

860,743

298,052

351,470

75.46

[845,033

]

[326,960

]

[334,581

]

[78.28

Special Attention

412,794

86,064

225,631

75.50

[309,529

]

[83,441

]

[120,066

]

[65.74

Total

1,415,983

386,800

716,863

77.94

[1,348,793

]

[413,408

]

[645,872

]

[78.53

Note:

The upper figures are as of September 30, 2010. The lower figures with bracket are as of March 31, 2010.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,270,407		1,178,347		92,059
Manufacturing		203,045		189,120		13,925
Construction		55,632		49,792		5,839
Wholesale and retail		192,917		161,907		31,010
Finance and insurance		5,865		5,595		269
Real estate		196,824		225,788		(28,963	)
Goods rental and leasing		24,895		29,383		(4,487	)
Services		109,097		107,790		1,306
Other industries		152,358		190,223		(37,864	)
Consumer		329,770		218,746		111,023
Overseas		145,576		170,445		(24,868	)
Financial institutions		28,681		21,153		7,528
Commercial and industrial		54,243		79,983		(25,740	)
Other		62,651		69,308		(6,657	)

Total		1,415,983		1,348,793		67,190

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2010 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		137,861			183,009			(45,147	)
Doubtful		802,181			782,806			19,374
Special Attention		400,403			290,129			110,274

Non Performing Loans (1)		1,340,446			1,255,945			84,501

Normal		71,410,159			77,776,487			(6,366,328	)

Total		72,750,606			79,032,433			(6,281,827	)


Non Performing Loans / Total		1.84	%		1.58	%		0.25	%

(2) Status of Coverage of Non Performing Loans


	(in millions of yen)
	As of September 30, 2010 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		1,037,402			982,459			54,943
Allowance for credit losses		354,663			379,456			(24,793	)
Collateral, guarantees, etc.		682,739			603,003			79,736

Coverage ratio (2) / (1)		77.39	%		78.22	%		(0.83	)%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount
(A)

Allowance for
credit losses
(B)

Covered by
collateral and/or
guarantees
(C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] / (A)

Bankrupt or De facto Bankrupt

137,861

2,668

135,193

100.00

[183,009

]

[2,515

]

[180,494

]

[100.00

Doubtful

802,181

269,408

329,934

57.04

74.71

[782,806

]

[297,982

]

[307,113

]

[62.64

[77.29

Special Attention

400,403

82,586

217,611

45.18

74.97

[290,129

]

[78,959

]

[115,394

]

[45.18

[66.98

Total

1,340,446

354,663

682,739

53.92

77.39

[1,255,945

]

[379,456

]

[603,003

]

[58.11

[78.22

Note:

The upper figures are as of September 30, 2010. The lower figures with bracket are as of March 31, 2010.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		1,194,902		1,085,544		109,357
Manufacturing		197,274		176,284		20,990
Construction		53,787		47,523		6,264
Wholesale and retail		189,867		158,810		31,057
Finance and insurance		3,988		3,501		487
Real estate		175,237		197,810		(22,572	)
Goods rental and leasing		24,755		29,202		(4,447	)
Services		106,698		104,950		1,748
Other industries		128,205		164,775		(36,569	)
Consumer		315,086		202,686		112,399
Overseas		145,544		170,401		(24,856	)
Financial institutions		28,679		21,153		7,526
Commercial and industrial		54,227		79,939		(25,712	)
Other		62,637		69,308		(6,670	)

Total		1,340,446		1,255,945		84,501

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2010 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		4,412			11,060			(6,648	)
Doubtful		58,494			62,089			(3,594	)
Special Attention		11,698			18,690			(6,992	)

Non Performing Loans (1)		74,605			91,841			(17,235	)

Normal		10,470,839			10,369,166			101,672

Total		10,545,444			10,461,007			84,436


Non Performing Loans / Total		0.70	%		0.87	%		(0.17	)%

(2) Status of Coverage of Non Performing Loans


	(in millions of yen)
	As of September 30, 2010 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		65,471			75,967			(10,496	)
Allowance for credit losses		32,137			33,951			(1,814	)
Collateral, guarantees, etc.		33,334			42,015			(8,681	)

Coverage ratio (2) / (1)		87.75	%		82.71	%		5.04	%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount
(A)

Allowance for
credit losses
(B)

Covered by
collateral and/or
guarantees
(C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] /(A)

Bankrupt or De facto Bankrupt

4,412

4,396

100.00

[11,060

]

[491

]

[10,569

]

[100.00

Doubtful

58,494

28,643

21,468

77.35

85.66

[62,089

]

[28,977

]

[27,330

]

[83.36

[90.68

Special Attention

11,698

3,477

7,469

82.24

93.58

[18,690

]

[4,482

]

[4,115

]

[30.75

[46.00

Total

74,605

32,137

33,334

77.86

87.75

[91,841

]

[33,951

]

[42,015

]

[68.14

[82.71

Note:

The upper figures are as of September 30, 2010. The lower figures with bracket are as of March 31, 2010.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		74,573		91,796		(17,223	)
Manufacturing		5,771		12,835		(7,064	)
Construction		1,845		2,269		(424	)
Wholesale and retail		3,049		3,096		(47	)
Finance and insurance		1,876		2,094		(217	)
Real estate		21,251		27,606		(6,354	)
Goods rental and leasing		140		180		(40	)
Services		2,398		2,839		(441	)
Other industries		24,152		25,447		(1,294	)
Consumer		14,086		15,425		(1,338	)
Overseas		32		44		(12	)
Financial institutions		2		—		2
Commercial and industrial		16		44		(27	)
Other		13		—		13

Total		74,605		91,841		(17,235	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Accounts

“Trust accounts” represents trust accounts with contracts indemnifying the principal amounts.

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2010 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		171			159			11
Doubtful		67			137			(70	)
Special Attention		692			709			(16	)

Non Performing Loans (1)		931			1,006			(74	)

Normal		118,239			124,140			(5,901	)

Total		119,171			125,147			(5,976	)


Non Performing Loans / Total		0.78	%		0.80	%		(0.02)	%

(2) Status of Coverage of Non Performing Loans


	(in millions of yen)
	As of September 30, 2010 (A)			As of March 31, 2010 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		789			853			(64	)
Allowance for credit losses		—			—			—
Collateral, guarantees, etc.		789			853			(64	)

Coverage ratio (2) / (1)		84.73	%		84.82	%		(0.09	)%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount
(A)

Allowance for
credit losses
(B)

Covered by
collateral and/or
guarantees
(C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] / (A)

Bankrupt or De facto Bankrupt

171

—

171

100.00

[159

]

[—

]

[159

]

[100.00

Doubtful

—

100.00

[137

]

[—

]

[137

]

[100.00

Special Attention

692

—

550

79.47

[709

]

[—

]

[556

]

[78.47

Total

931

—

789

84.73

[1,006

]

[—

]

[853

]

[84.82

Note:

The upper figures are as of September 30, 2010. The lower figures with bracket are as of March 31, 2010.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2010 (A)		As of March 31, 2010 (B)		Increase (Decrease) (A) - (B)
Domestic		931		1,006		(74	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		334		371		(36	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		597		635		(37	)

Total		931		1,006		(74	)

Mitsubishi UFJ Financial Group, Inc.

Overview of Non-Performing Loans

BTMU and MUTB Combined

(in billions of yen)

Self-Assessment

Coverage ratio for

unsecured portion

Non-Performing Loans

Based on the “FRL”

Risk-Monitored Loans

Category of
Borrowers

Classification

Non-
Classification

Classification
II

Classification
III

Classification
IV

Bankrupt Borrowers

[139.5]

[1.5]

[1.0]

(*1)

100.00%

Bankrupt or
De facto Bankrupt

[142.2]

Loans to bankrupt borrowers

[53.3]

Substantially Bankrupt Borrowers

Non-accrual delinquent loans

[909.7]

Potentially Bankrupt Borrowers

[358.5]

[502.1]

58.52%

‚Doubtful

[860.6]

Borrowers Requirig Caution
(Special Attention Borrowers)

[412.1]

46.01%

ƒSpecial Attention [412.1]

Accruing loans
contractually past due

3 months or more

[43.7]

Restructured loans

[368.3]

Borrowers Requirig Caution
(Other Borrowers)

„Normal

[81,880.9]

Normal Borrowers

Non-Performing Loans Based on the “FRL”

Risk-Monitored Loans

(+‚+ƒ)

1,415.0

1,375.2

Total

(+‚+ƒ+„)

83,296.0

*1	“Customers’ liabilities for acceptances and guarantees” in Classification IV are fully reserved.

Mitsubishi UFJ Financial Group, Inc.

9. Progress in Disposition of Problem Assets

BTMU and MUSP Combined

(A) Historical Trend of Problem Assets Based on the “FRL”


	(in billions of yen)
	As of September 30, 2007		As of March 31, 2008		As of September 30, 2008		As of March 31, 2009		As of September 30, 2009		As of March 31, 2010 (a)		As of September 30, 2010 (b)		(b) - (a)
Bankrupt or De facto Bankrupt		94.8		108.8		136.1		221.8		208.2		183.0		137.9		(45.1	)
Doubtful		652.0		514.5		690.9		618.2		676.2		786.6		805.9		19.2

Total		746.8		623.4		827.1		840.0		884.4		969.7		943.8		(25.8	)


(1) Assets categorized as problem assets based on the “FRL” prior to September 30, 2007

Bankrupt or De facto Bankrupt		94.8		80.0		67.3		67.4		51.1		44.7		29.3		(15.3	)
Doubtful		652.0		328.2		239.2		178.2		141.5		122.1		110.5		(11.6	)

Total		746.8		408.3		306.5		245.6		192.7		166.9		139.8		(27.0	)


(2) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2007

Bankrupt or De facto Bankrupt				28.7		24.6		18.2		13.4		11.2		4.9		(6.3	)
Doubtful				186.3		80.3		47.9		32.3		22.7		24.4		1.7

Total				215.1		104.9		66.2		45.8		34.0		29.4		(4.6	)


(3) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2008

Bankrupt or De facto Bankrupt						44.2		71.0		53.6		44.4		24.8		(19.6	)
Doubtful						371.3		140.5		87.7		61.0		57.2		(3.8	)

Total						415.5		211.6		141.3		105.5		82.0		(23.4	)


(4) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2008

Bankrupt or De facto Bankrupt								65.0		53.6		33.7		20.2		(13.4	)
Doubtful								251.4		96.3		64.7		42.7		(22.0	)

Total								316.5		150.0		98.4		63.0		(35.4	)


(5) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2009

Bankrupt or De facto Bankrupt										36.2		26.2		17.5		(8.7	)
Doubtful										318.2		247.4		162.8		(84.6	)

Total										354.5		273.7		180.3		(93.3	)


(6) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2009

Bankrupt or De facto Bankrupt												22.5		15.5		(7.0	)
Doubtful												268.4		211.3		(57.0	)

Total												290.9		226.9		(64.0	)


(7) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2010

Bankrupt or De facto Bankrupt														25.4
Doubtful														196.7

Total														222.1

(B) Progress in Disposition of Problem Assets of the Six Months Ended September 30, 2010


	(in billions of yen)
	Time of categorization												Total
	prior to Sep. 30, 2007		the 2nd half of fiscal 2007		the 1st half of fiscal 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		Total
Liquidation		0.1		1.3		1.1		1.9		0.7		4.4		9.7
Re-constructive treatment		1.0		0.2		2.8		6.4		1.8		6.6		19.1
Upgrade due to re-constructive treatment		—		—		—		—		—		2.2		2.2
Loan sales to secondary market		0.2		0.1		0.1		0.0		—		0.7		1.2
Write-offs		0.8		2.4		3.9		3.7		10.1		3.5		24.6
Other		24.7		0.5		15.2		23.2		80.6		46.3		190.8
Collection / Repayment		13.1		0.1		12.2		11.0		65.7		36.0		138.3
Upgraded		11.5		0.4		3.0		12.2		14.8		10.3		52.5

Total		27.0		4.6		23.4		35.4		93.3		64.0		248.0

(C) Amount of Outstanding Problem Assets Which Is in Process for Disposition as of September 30, 2010


	(in billions of yen)
	Time of categorization														Total
	prior to Sep. 30, 2007		the 2nd half of fiscal 2007		the 1st half of fiscal 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		the 1st half of fiscal 2010		Total
Legal liquidation		3.7		1.8		17.1		9.3		6.4		6.7		7.7		53.0
Quasi-legal liquidation		—		—		—		—		—		—		—		—
Split-off of problem loans		—		—		—		—		—		—		—		—
Partial write-off of small balance loans		21.9		2.9		6.3		9.6		9.5		8.7		14.3		73.6
Entrusted to the RCC		—		—		—		—		—		—		—		—

Total		25.7		4.7		23.5		18.9		15.9		15.5		22.1		126.6

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated including Trust Accounts

“Trust accounts” represents trust accounts with contracts indemnifying the principal amounts.

(A) Historical Trend of Problem Assets Based on the “FRL”


	(in billions of yen)
	As of September 30, 2007		As of March 31, 2008		As of September 30, 2008		As of March 31, 2009		As of September 30, 2009		As of March 31, 2010 (a)		As of September 30, 2010 (b)		(b) - (a)
Bankrupt or De facto Bankrupt		11.9		9.0		13.2		19.3		13.1		11.2		4.5		(6.6	)
Doubtful		71.1		45.7		34.1		41.8		65.1		62.2		58.5		(3.6	)

Total		83.0		54.7		47.3		61.1		78.3		73.4		63.1		(10.3	)


(1) Assets categorized as problem assets based on the “FRL” prior to September 30, 2007

Bankrupt or De facto Bankrupt		11.9		8.7		7.5		6.5		3.0		1.8		1.6		(0.1	)
Doubtful		71.1		39.6		18.0		13.2		12.0		10.9		9.2		(1.6	)

Total		83.0		48.4		25.6		19.8		15.1		12.7		10.9		(1.8	)


(2) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2007

Bankrupt or De facto Bankrupt				0.2		0.4		0.2		0.2		0.2		0.2		(0.0	)
Doubtful				6.0		4.4		4.2		3.2		3.0		2.9		(0.0	)

Total				6.3		4.9		4.5		3.4		3.2		3.1		(0.0	)


(3) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2008

Bankrupt or De facto Bankrupt						5.2		9.7		7.4		7.1		1.3		(5.8	)
Doubtful						11.5		4.5		4.2		4.0		3.8		(0.2	)

Total						16.7		14.2		11.6		11.2		5.1		(6.0	)


(4) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2008

Bankrupt or De facto Bankrupt								2.7		1.5		0.8		0.2		(0.5	)
Doubtful								19.7		13.7		5.7		5.1		(0.6	)

Total								22.5		15.2		6.6		5.4		(1.1	)


(5) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2009

Bankrupt or De facto Bankrupt										0.9		0.8		0.2		(0.6	)
Doubtful										31.8		26.8		25.3		(1.5	)

Total										32.7		27.6		25.5		(2.1	)


(6) Assets newly categorized as problem assets based on the “FRL” during the second half of fiscal 2009

Bankrupt or De facto Bankrupt												0.3		0.6		0.3
Doubtful												11.6		9.0		(2.5	)

Total												11.9		9.7		(2.2	)


(7) Assets newly categorized as problem assets based on the “FRL” during the first half of fiscal 2010

Bankrupt or De facto Bankrupt														0.2
Doubtful														3.0

Total														3.2

(B) Progress in Disposition of Problem Assets of the Six Months Ended September 30, 2010


	(in billions of yen)
	Time of categorization												Total
	prior to Sep. 30, 2007		the 2nd half of fiscal 2007		the 1st half of fiscal 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		Total
Liquidation		—		—		—		—		—		—		—
Re-constructive treatment		—		—		—		—		—		—		—
Upgrade due to re-constructive treatment		—		—		—		—		—		—		—
Loan sales to secondary market		—		—		—		—		—		—		—
Write-offs		0.1		—		0.4		—		0.0		0.0		0.6
Other		1.6		0.0		5.5		1.1		2.1		2.1		12.8
Collection / Repayment		1.1		0.0		1.9		1.0		1.4		1.8		7.5
Upgraded		0.5		0.0		3.6		0.0		0.6		0.3		5.2

Total		1.8		0.0		6.0		1.1		2.1		2.2		13.5

(C) Amount of Outstanding Problem Assets Which Is in Process for Disposition as of September 30, 2010


	(in billions of yen)
	Time of categorization														Total
	prior to Sep. 30, 2007		the 2nd half of fiscal 2007		the 1st half of fiscal 2008		the 2nd half of fiscal 2008		the 1st half of fiscal 2009		the 2nd half of fiscal 2009		the 1st half of fiscal 2010		Total
Legal liquidation		0.3		0.0		1.1		0.0		0.0		0.1		0.1		1.9
Quasi-legal liquidation		1.1		—		0.3		—		—		—		—		1.4
Split-off of problem loans		—		—		—		—		—		—		—		—
Partial write-off of small balance loans		1.2		0.1		0.1		0.2		0.1		0.5		0.0		2.5
Entrusted to the RCC		—		—		—		—		—		—		—		—

Total		2.7		0.2		1.6		0.2		0.2		0.6		0.2		6.0

Mitsubishi UFJ Financial Group, Inc.

10. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized

Companies and Proprietors

BTMU and MUTB Combined including Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Domestic offices (excluding loans booked at offshore markets)		63,525,310		(4,326,491	)		67,851,801

Manufacturing		9,263,645		(436,172	)		9,699,817
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		124,523		(14,361	)		138,884
Construction		1,115,939		(100,228	)		1,216,167
Utilities		676,212		2,875			673,337
Communication and information services		1,028,175		(91,102	)		1,119,277
Transport and postal activities		2,775,445		(110,692	)		2,886,137
Wholesale and retail		6,453,784		(226,926	)		6,680,710
Finance and insurance		7,511,028		(537,680	)		8,048,708
Real estate		9,473,477		(223,506	)		9,696,983
Goods rental and leasing		1,788,872		(156,829	)		1,945,701
Services		3,169,688		(208,429	)		3,378,117
Municipal government		949,127		(19,912	)		969,039
Other industries		19,195,382		(2,203,531	)		21,398,913

Overseas offices and loans booked at offshore markets		10,625,964		(1,041,912	)		11,667,876

Total		74,151,274		(5,368,403	)		79,519,677

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Total domestic consumer loans		18,185,536		(78,183	)		18,263,719
Housing loans		17,417,285		(50,109	)		17,467,394
Residential purpose		13,952,057		2,495			13,949,562
Other		768,251		(28,073	)		796,324

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors


	(in millions of yen)
	As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)

Outstanding amount		40,221,292			(1,052,920	)		41,274,212
% to total domestic loans		63.31	%		2.48	%		60.82	%

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Domestic offices (excluding loans booked at offshore markets)		53,465,529		(4,352,193	)		57,817,722

Manufacturing		7,235,130		(345,861	)		7,580,991
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		118,644		(14,296	)		132,940
Construction		981,866		(73,337	)		1,055,203
Utilities		422,883		(4,850	)		427,733
Communication and information services		785,996		(53,374	)		839,370
Transport and postal activities		2,048,690		(92,639	)		2,141,329
Wholesale and retail		5,696,304		(223,855	)		5,920,159
Finance and insurance		5,809,762		(583,326	)		6,393,088
Real estate		7,606,875		(184,185	)		7,791,060
Goods rental and leasing		1,135,190		(116,763	)		1,251,953
Services		2,697,272		(335,988	)		3,033,260
Municipal government		905,252		(17,696	)		922,948
Other industries		18,021,665		(2,306,023	)		20,327,688

Overseas offices and loans booked at offshore markets		10,183,981		(1,104,920	)		11,288,902

Total		63,649,511		(5,457,113	)		69,106,624

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Total domestic consumer loans		17,073,139		(83,790	)		17,156,929
Housing loans		16,320,268		(56,814	)		16,377,083
Residential purpose		13,171,237		(15,603	)		13,186,841
Other		752,870		(26,975	)		779,846

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors


	(in millions of yen)
	As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Outstanding amount		35,627,931			(1,081,577	)		36,709,508
% to total domestic loans		66.63	%		3.14	%		63.49	%

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Domestic offices (excluding loans booked at offshore markets)		9,917,121		38,378			9,878,743

Manufacturing		2,028,515		(90,114	)		2,118,629
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		5,879		(65	)		5,944
Construction		134,073		(26,891	)		160,964
Utilities		253,170		7,795			245,375
Communication and information services		242,179		(37,728	)		279,907
Transport and postal activities		723,684		(17,501	)		741,185
Wholesale and retail		757,480		(3,071	)		760,551
Finance and insurance		1,701,266		45,646			1,655,620
Real estate		1,842,074		(37,470	)		1,879,544
Goods rental and leasing		653,582		(40,066	)		693,648
Services		470,665		127,686			342,979
Municipal government		24,844		(632	)		25,476
Other industries		1,079,701		110,789			968,912

Overseas offices and loans booked at offshore markets		441,982		63,008			378,974

Total		10,359,104		101,387			10,257,717

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Total domestic consumer loans		1,040,363		7,774			1,032,589
Housing loans		1,025,488		8,799			1,016,688
Residential purpose		712,097		19,922			692,174
Other		14,875		(1,025	)		15,901

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors


	(in millions of yen)
	As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Outstanding amount		4,473,109			39,042			4,434,067
% to total domestic loans		45.10	%		0.21	%		44.88	%

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Domestic offices (excluding loans booked at offshore markets)		142,658		(12,676	)		155,335

Manufacturing		—		(197	)		197
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—		—			—
Construction		—		—			—
Utilities		159		(70	)		229
Communication and information services		—		—			—
Transport and postal activities		3,071		(552	)		3,623
Wholesale and retail		—		—			—
Finance and insurance		—		—			—
Real estate		24,528		(1,851	)		26,379
Goods rental and leasing		100		—			100
Services		1,751		(127	)		1,878
Municipal government		19,031		(1,584	)		20,615
Other industries		94,016		(8,297	)		102,313

Overseas offices and loans booked at offshore markets		—		—			—

Total		142,658		(12,676	)		155,335

(2) Domestic Consumer Loans


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Total domestic consumer loans		72,033		(2,167	)		74,200
Housing loans		71,528		(2,095	)		73,623
Residential purpose		68,722		(1,823	)		70,546
Other		504		(72	)		577

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors


	(in millions of yen)
	As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Outstanding amount		120,252			(10,385	)		130,637
% to total domestic loans		84.29	%		0.19	%		84.10	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Asia		3,379,258		(855	)		3,380,114
Thailand		436,145		(69,033	)		505,179
Indonesia		296,228		8,171			288,057
Malaysia		193,270		(48,165	)		241,436
Philippines		63,663		(4,006	)		67,670
South Korea		247,238		(28,969	)		276,207
Singapore		565,113		(43,225	)		608,339
Hong Kong		865,393		103,512			761,880
China		41,643		4,228			37,415
Taiwan		132,300		10,667			121,632
Others		538,259		65,964			472,295

Latin America		1,282,671		(144,152	)		1,426,823
Argentina		1,340		340			1,000
Brazil		109,278		(33,951	)		143,229
Mexico		76,542		(27,861	)		104,404
Caribbean countries		987,517		(80,354	)		1,067,872
Others		107,991		(2,325	)		110,317

North America		2,601,232		(520,267	)		3,121,500
United States of America		2,432,455		(563,554	)		2,996,010
Canada		168,776		43,286			125,490

Western Europe		2,647,482		(263,582	)		2,911,064
United Kingdom		733,999		(47,727	)		781,727
Germany		375,215		(42,427	)		417,642
France		302,003		(12,837	)		314,840
Netherlands		266,694		(2,695	)		269,389
Spain		261,544		4,861			256,682
Italy		176,871		2,874			173,997
Others		531,152		(165,630	)		696,783

Eastern Europe		222,315		(62,184	)		284,500

Others		1,591,237		(77,438	)		1,668,675


Total		11,724,198		(1,068,480	)		12,792,678

Note:

In addition to the (non-consolidated basis) loan balance stated above, two major overseas subsidiaries have the following loan balance as of the consolidated financial statements date.

The Bank of Tokyo-Mitsubishi UFJ (China), Ltd.:¥744,934 million (a 72,908 million yen increase as compared with March 31, 2010.)

Bank of Tokyo-Mitsubishi UFJ (Holland) N.V.:¥472,185 million (a 65,968 million yen decrease as compared with March 31, 2010.)

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Deposits (ending balance)		115,537,445		(950,829	)		116,488,275
Deposits (average balance)		114,061,012		1,709,265			112,351,747
Loans (ending balance)		74,008,615		(5,355,726	)		79,364,342
Loans (average balance)		76,093,900		(4,845,554	)		80,939,454

BTMU Non-consolidated


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Deposits (ending balance)		103,260,413		(715,808	)		103,976,222
Deposits (average balance)		101,719,020		2,343,020			99,376,000
Loans (ending balance)		63,649,511		(5,457,113	)		69,106,624
Loans (average balance)		66,090,585		(4,645,222	)		70,735,808

MUTB Non-consolidated


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Deposits (ending balance)		12,277,031		(235,021	)		12,512,053
Deposits (average balance)		12,341,991		(633,755	)		12,975,747
Loans (ending balance)		10,359,104		101,387			10,257,717
Loans (average balance)		10,003,314		(200,331	)		10,203,646

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Individuals		63,290,793		245,413			63,045,379
Corporations and others		42,844,782		(1,707,703	)		44,552,486
Domestic deposits		106,135,576		(1,462,290	)		107,597,866

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

BTMU Non-consolidated


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Individuals		54,632,895		275,484			54,357,411
Corporations and others		39,878,506		(1,441,038	)		41,319,545
Domestic deposits		94,511,401		(1,165,554	)		95,676,956

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

MUTB Non-consolidated


	(in millions of yen)
	As of September 30, 2010 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Individuals		8,657,898		(30,070	)		8,687,968
Corporations and others		2,966,275		(266,664	)		3,232,940
Domestic deposits		11,624,174		(296,735	)		11,920,909

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

Mitsubishi UFJ Financial Group, Inc.

14. Status of Deferred Tax Assets

BTMU Non-consolidated

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


	(in billions of yen)
	As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Deferred tax assets		917.5			(107.0	)		1,024.5
Net operating losses carried forwards		124.0			(143.1	)		267.2
Allowance for credit losses		431.4			(15.3	)		446.8
Write-down on investment securities		318.5			24.7			293.7
Unrealized losses on other securities		124.6			31.3			93.2
Reserve for retirement benefits		89.5			3.7			85.8
Other		458.0			(0.8	)		458.8
Valuation allowance		(628.7	)		(7.5	)		(621.1	)
Deferred tax liabilities		531.5			14.2			517.3
Unrealized gains on other securities		313.6			37.8			275.7
Net deferred gains on hedges		77.2			0.5			76.6
Revaluation gains on securities upon merger		44.9			(23.6	)		68.6
Gains on securities contributed to employee retirement benefits trust		65.9			(0.0	)		65.9
Other		29.7			(0.5	)		30.2
Net deferred tax assets		385.9			(121.3	)		507.2

(2) Net Business Profits before Credit Costs and Taxable Income


	(in billions of yen)
	FY2005			FY2006			FY2007			FY2008			FY2009			Interim FY2010
Net business profits before credit costs		1,087.7			899.7			828.2			710.8			863.1			544.5
Credit costs		(485.9	)		38.7			107.2			424.0			378.6			(61.7	)
Income before income taxes		1,612.7			958.0			687.0			(195.1	)		460.1			394.9
Reconciliation to taxable income		(1,403.1	)		(401.6	)		(123.1	)		789.1			(3.7	)		(42.4	)
Taxable income		209.5			556.3			563.9			593.9			456.3			352.4

The amounts presented for FY2005 include amounts of BTMU and former UFJ Bank Limited.

(3) Classification Based on Prior Year Operating Results as Provided in the JICPA Audit Committee Report No.66

Although we recorded taxable income for the six months ended September 30, 2010, we are classified as “4” described above since we have material net operating losses carried forwards. However since we believe the net operating losses carried forwards are attributable to extraordinary factors such as changes in laws and regulations, we apply the exception to classification 4. (Five years’ future taxable income is estimable.)

[Extraordinary Factors Such as Changes in Laws and Regulations]

Our net operating losses carried forwards were incurred due to, among other things, the followings : (i) we accelerated the final disposition of non performing loans in response to both the “Emergency Economic Package”, which provided guidance to major banks to remove claims to debtors classified as “likely to become bankrupt” or below from their balance sheets, and the “Program for Financial Revival”, which urged major banks to reduce the ratio of non performing loans to total claims by about half; and (ii) we reduced our holdings of strategic equity investments under the “Law Concerning Restriction, etc. of Banks’ Shareholdings etc”.

(4) Collectability of Deferred Tax Assets at September 30, 2010 (Assumptions)


	(in billions of yen)
	Five years total (from 2nd half of FY2010 to 1st half of FY2015 )
Net business profits (*1)		4,050.3
Income before income taxes		2,015.8
Taxable income before adjustments (*2)		3,118.7
Temporary difference + Net operating losses carried forwards (for which deferred tax assets shall be recognized)		2,051.2
Deferred tax assets as of September 30, 2010		917.5

(*1)	Before provision for general allowance for credit losses. Net business profits in this table was estimated by using more conservative assumptions than those used in our business plans.

(*2)	Before reversals of existing deductible temporary differences and net operating losses carried forwards.

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

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


	(in billions of yen)
	As of September 30, 2010 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2010 (B)
Deferred tax assets		68.5			(17.9	)		86.5
Write-down on investment securities		57.6			(29.6	)		87.3
Net operating losses carried forwards		32.4			8.0			24.3
Allowance for credit losses		24.2			(1.6	)		25.9
Unrealized losses on other securities		20.0			7.2			12.8
Other		62.4			7.4			55.0
Valuation allowance		(128.4	)		(9.4	)		(118.9	)
Deferred tax liabilities		95.4			4.6			90.7
Unrealized gains on other securities		68.1			7.2			60.9
Reserve for retirement benefits		16.3			(0.3	)		16.7
Other		10.8			(2.2	)		13.1
Net deferred tax assets		(26.8	)		(22.5	)		(4.2	)

(2) Net Business Profits before Credit Costs and Taxable Income


	(in billions of yen)
	FY2005			FY2006			FY2007			FY2008			FY2009		Interim FY2010
Net business profits before credit costs		252.6			274.3			187.2			131.5			110.2		76.2
Credit costs		(45.8	)		1.7			(21.0	)		(33.9	)		25.7		(3.7	)
Income before income taxes		306.9			284.0			197.3			88.1			52.0		65.2
Reconciliation to taxable income		(212.0	)		(142.9	)		(26.3	)		(16.0	)		23.3		(87.7	)
Taxable income		94.8			141.1			170.9			72.0			75.3		(22.5	)

The amounts presented for FY2005 include amounts of MUTB and former UFJ Trust Bank Limited.

(3) Classification Based on Prior Year Operating Results as Provided in the JICPA Audit Committee Report No.66

We are classified as “4” described above since we have material net operating losses carried forwards as of September 30, 2010. However since we believe the net operating losses carried forwards are attributable to extraordinary factors such as changes in laws and regulations, we apply the exception to classification 4. (Five years’ future taxable income is estimable.)

[Extraordinary Factors Such as Changes in Laws and Regulations]

(4) Collectability of Deferred Tax Assets at September 30, 2010 (Assumptions)


	(in billions of yen)
	Five years total (from 2nd half of FY2010 to 1st half of FY2015)
Net business profits (*1)		528.9
Income before income taxes		336.8
Taxable income before adjustments (*2)		373.3
Temporary difference + Net operating losses carried forwards (for which deferred tax assets shall be recognized)		129.7
Deferred tax assets as of September 30, 2010		68.5

(*1)	Before provision for general allowance for credit losses. Net business profits in this table was estimated by using more conservative assumptions than those used in our business plans.

(*2)	Before reversals of existing deductible temporary differences and net operating losses carried forwards.

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of September 30, 2010 is outlined below. (Figures are on a managerial basis and rounded off.)

[Balance, net unrealized gains (losses), realized gains]

•

The balance as of the end of September 2010 decreased to ¥1.46 trillion in total, a decrease of ¥0.28 trillion compared with the balance as of the end of March 2010, mainly due to sales of securitized products, which have risks of being downgraded or deteriorated, and redemptions.

•

Net unrealized losses were ¥76 billion, improved by ¥49 billion compared to the end of March 2010.

•

The effect on the P/L for the first half ended September 30, 2010 was a gain of ¥1.6 billion as a result of market recovery.


		(¥bn)
												of which securities being held to maturity²
		Balance¹		Change from end of March 2010			Net unrealized gains (losses)			Change from end of March 2010		Balance		Net unrealized gains (losses)
1	RMBS		76		(4	)		8			5		0		0
2	Sub-prime RMBS		17		(5	)		7			1		0		0
3	CMBS		20		(2	)		(2	)		0		0		0
4	CLOs		1,263		(261	)		(79	)		41		1,056		(76	)
5	Other securitized products (card, etc.)		94		(11	)		(3	)		2		24		(1	)
6	CDOs		5		(3	)		0			0		0		0
7	Sub-prime ABS CDOs		0		0			0			0		0		0

8	Total		1,459		(281	)		(76	)		49		1,080		(76	)

Balance is the amount after impairment and before deducting net unrealized losses.

The above table does not include mortgage-backed securities arranged and guaranteed by U.S. government sponsored enterprises, etc., Japanese RMBS such as Japanese Housing Finance Agency securities, and products held by funds such as investment trusts. These are also applicable to the tables in this document.

Following the publication of “Tentative Solution on Reclassification of Debt Securities” (Practical Issue Task Force No.26, The Accounting Standards Board of Japan, December 5, 2008), some of our securitized products were reclassified into “securities being held to maturity” from “securities available for sale” at and after the end of January 2009. The balance and net unrealized gains (losses) of the securities being held to maturity in the above table are based on book value before reclassification.

[Distribution by rating]

•

AAA-rated products account for 26% of our investments in securitized products, a decrease of 7% compared with the end of March 2010, mainly due to downgrades in credit ratings of certain CLOs.

•

AAA and AA-rated products account for 78% of our investments in securitized products.


		(¥bn)
		AAA			AA			A			BBB			BB or lower			Unrated			Total
9	RMBS		24			8			12			3			29			0			76
10	Sub-prime RMBS		8			1			0			1			7			0			17
11	CMBS		9			2			3			6			1			0			20
12	CLOs		311			720			86			68			78			0			1,263
13	Other securitized products (card, etc.)		30			27			5			12			8			13			94
14	CDOs		2			2			0			0			1			0			5
15	Sub-prime ABS CDOs		0			0			0			0			0			0			0

16	Total		376			759			105			90			117			13			1,459

17	Percentage of total		26	%		52	%		7	%		6	%		8	%		1	%		100	%

18	Percentage of total (End of March 2010)		33	%		46	%		7	%		7	%		7	%		0	%		100	%

Mitsubishi UFJ Financial Group, Inc.

[Credit exposure related to leveraged loan]

•

We are not engaged in origination or distribution of securitized products of leveraged loans, and therefore, there is no balance of leveraged loans for securitization.

•

The following table shows the balances of LBO loans as of the end of September 2010.


		(¥bn)
		Americas		Europe		Asia		Japan		Total		Change from end of March 2010
1	LBO Loan³(Balance on a commitment basis)		37		99		21		238		395		(87	)
2	Balance on a booking basis		20		88		20		218		346		(73	)

Includes balance after refinancing. (Figures are rounded off.)

[Special Purpose Entities (SPEs)]

•

We are engaged in sponsoring ABCP issuance for securitizing our clients’ assets.

•

The balance of assets purchased by ABCP conduits (special purpose companies for issuing ABCP) as of the end of September 2010 was ¥3.36 trillion (¥0.80 trillion overseas).

•

The purchased assets are mainly receivables and they do not include residential mortgages.


<Terminology>

RMBS		: Asset-backed securities collateralized by residential mortgages
CMBS		: Asset-backed securities collateralized by commercial mortgages
CLOs		: Collateralized debt obligations backed by whole commercial loans, revolving credit facilities, or letters of credit
CDOs		: Structured credit securities backed by a pool of securities, loans, or credit default swaps
ABS CDOs		: Collateralized debt obligations backed by asset backed securities
LBO Loans		: Loans collateralized by assets and/or future cash flows of an acquired company
ABCP		: Commercial papers issued by a Special Purpose Company (SPC) collateralized by receivables

Mitsubishi UFJ Financial Group, Inc.

(Reference)

2. Financial Statements

BTMU Non-consolidated

(1) Non-consolidated Balance Sheets


	(in millions of yen)
	As of September 30, 2010			As of March 31, 2010
Assets:
Cash and due from banks		5,451,438			5,533,893
Call loans		113,256			204,167
Receivables under resale agreements		512,778			381,253
Receivables under securities borrowing transactions		1,626,265			4,827,881
Monetary claims bought		2,071,656			2,295,765
Trading assets		7,797,875			7,556,066
Money held in trust		51,604			42,573
Securities		57,300,150			52,068,380
Allowance for losses on securities		(56,627	)		(56,627	)
Loans and bills discounted		63,649,511			69,106,624
Foreign exchanges		1,101,217			1,042,933
Other assets		4,919,230			3,783,574
Tangible fixed assets		880,870			886,516
Intangible fixed assets		307,415			306,339
Deferred tax assets		385,932			507,267
Customers’ liabilities for acceptances and guarantees		5,428,538			6,160,690
Allowance for credit losses		(658,146	)		(722,486	)

Total assets		150,882,968			153,924,815

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	As of September 30, 2010			As of March 31, 2010
Liabilities:
Deposits		103,260,413			103,976,222
Negotiable certificates of deposit		9,094,980			9,604,478
Call money		1,149,864			1,075,399
Payables under repurchase agreements		5,559,767			4,713,556
Payables under securities lending transactions		526,493			2,670,935
Trading liabilities		5,879,785			4,877,129
Borrowed money		4,932,709			5,159,050
Foreign exchanges		741,789			743,188
Bonds payable		3,947,868			4,136,930
Other liabilities		2,756,562			2,990,850
Reserve for bonuses		16,821			17,003
Reserve for bonuses to directors		46			140
Reserve for retirement benefits		12,269			12,413
Reserve for loyalty award credits		1,102			739
Reserve for contingent losses		38,399			44,001
Reserves under special laws		31			31
Deferred tax liabilities for land revaluation		181,393			182,300
Acceptances and guarantees		5,428,538			6,160,690

Total liabilities		143,528,838			146,365,062

Net assets:
Capital stock		1,711,958			1,711,958
Capital surplus		3,878,275			3,878,275
Capital reserve		1,711,958			1,711,958
Other capital surplus		2,166,317			2,166,317
Retained earnings		1,517,916			1,379,041
Revenue reserve		190,044			190,044
Other retained earnings		1,327,872			1,188,997
Funds for retirement benefits		2,432			2,432
Other reserve		718,196			718,196
Earned surplus brought forward		607,243			468,368
Treasury stock		(250,000	)		—

Total shareholders’ equity		6,858,150			6,969,275

Net unrealized gains (losses) on other securities		164,453			260,775
Net deferred gains (losses) on hedging instruments		113,102			112,231
Land revaluation excess		218,424			217,470

Total valuation and translation adjustments		495,980			590,477

Total net assets		7,354,130			7,559,752

Total liabilities and net assets		150,882,968			153,924,815

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(2) Non-consolidated Statements of Income


	(in millions of yen)
	For the six months ended September 30, 2009			For the six months ended September 30, 2010
Ordinary income		1,486,004			1,389,980
Interest income		934,239			811,698
Interest on loans and bills discounted		607,883			507,579
Interest and dividends on securities		193,686			204,605
Fees and commissions		264,884			249,619
Trading income		77,489			66,318
Other business income		153,984			207,591
Other ordinary income		55,406			54,753
Ordinary expenses		1,360,971			995,579
Interest expenses		269,257			191,838
Interest on deposits		107,789			70,605
Fees and commissions		66,982			68,630
Other business expenses		176,454			29,351
General and administrative expenses		544,979			523,206
Other ordinary expenses		303,297			182,552

Ordinary profits		125,032			394,401

Extraordinary gains		28,134			21,838
Extraordinary losses		15,842			21,269

Income before income taxes		137,324			394,971

Income taxes—current		20,252			16,031
Refund of income taxes		(6,328	)		—
Income taxes—deferred		(7,364	)		96,619

Total taxes		6,559			112,650

Net income		130,765			282,320

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Non-consolidated Balance Sheets


	(in millions of yen)
	As of September 30, 2010			As of March 31, 2010
Assets:
Cash and due from banks		1,221,644			962,798
Call loans		70,733			74,300
Receivables under securities borrowing transactions		102,386			46,876
Monetary claims bought		32,255			36,480
Trading assets		337,432			271,961
Money held in trust		6,819			6,956
Securities		10,359,971			9,497,383
Loans and bills discounted		10,359,104			10,257,717
Foreign exchanges		9,103			5,785
Other assets		797,714			757,904
Tangible fixed assets		168,008			170,129
Intangible fixed assets		64,952			66,150
Customers’ liabilities for acceptances and guarantees		145,853			162,735
Allowance for credit losses		(62,819	)		(66,448	)

Total assets		23,613,159			22,250,732

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	As of September 30, 2010			As of March 31, 2010
Liabilities:
Deposits		12,277,031			12,512,053
Negotiable certificates of deposit		2,558,706			1,811,209
Call money		108,188			285,182
Payables under repurchase agreements		3,251,824			2,518,874
Payables under securities lending transactions		459,303			196,854
Trading liabilities		68,456			62,704
Borrowed money		1,587,563			1,438,991
Foreign exchanges		411			478
Short-term bonds payable		5,200			20,400
Bonds payable		283,800			337,100
Due to trust accounts		1,171,216			1,278,762
Other liabilities		349,461			291,682
Reserve for bonuses		4,267			4,218
Reserve for bonuses to directors		28			89
Reserve for contingent losses		16,373			17,015
Deferred tax liabilities		26,874			4,284
Deferred tax liabilities for land revaluation		6,663			6,663
Acceptances and guarantees		145,853			162,735

Total liabilities		22,321,226			20,949,299

Net assets:
Capital stock		324,279			324,279
Capital surplus		412,315			412,315
Capital reserve		250,619			250,619
Other capital surplus		161,695			161,695
Retained earnings		528,088			514,628
Revenue reserve		73,714			73,714
Other retained earnings		454,374			440,914
Funds for retirement benefits		710			710
Other reserve		138,495			138,495
Earned surplus brought forward		315,169			301,709

Total shareholders’ equity		1,264,682			1,251,222

Net unrealized gains (losses) on other securities		54,134			70,219
Net deferred gains (losses) on hedging instruments		(20,021	)		(13,146	)
Land revaluation excess		(6,861	)		(6,862	)

Total valuation and translation adjustments		27,250			50,210

Total net assets		1,291,933			1,301,432

Total liabilities and net assets		23,613,159			22,250,732

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(2)	Non-consolidated Statements of Income


	(in millions of yen)
	For the six months ended September 30, 2009			For the six months ended September 30, 2010
Ordinary income		262,674			264,829
Trust fees		40,158			38,352
Interest income		130,308			114,676
Interest on loans and bills discounted		68,875			57,307
Interest and dividends on securities		52,273			51,299
Fees and commissions		47,423			51,058
Trading income		8,082			8,221
Other business income		21,564			44,489
Other ordinary income		15,137			8,030
Ordinary expenses		227,357			201,986
Interest expenses		52,099			37,543
Interest on deposits		34,313			23,086
Fees and commissions		10,588			10,777
Other business expenses		33,894			38,557
General and administrative expenses		111,176			101,543
Other ordinary expenses		19,598			13,563

Ordinary profits		35,316			62,843

Extraordinary gains		1,909			4,544
Extraordinary losses		3,408			2,163

Income before income taxes		33,818			65,224

Income taxes—current		(298	)		2,736
Income taxes—deferred		9,338			20,926

Total taxes		9,039			23,662

Net income		24,779			41,561

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(3) Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship


	(in millions of yen)
	As of September 30, 2010		As of March 31, 2010
Assets:
Loans and bills discounted		142,658		155,335
Securities		49,156,129		48,250,717
Beneficiary rights to the trust		30,404,103		30,253,813
Securities held in custody accounts		1,273,193		1,191,472
Monetary claims		10,463,584		10,182,843
Tangible fixed assets		8,935,763		8,965,903
Intangible fixed assets		132,976		133,654
Other claims		2,171,632		1,881,213
Call loans		1,079,714		1,060,298
Due from banking account		1,488,398		1,559,372
Cash and due from banks		1,790,936		1,626,043

Total		107,039,089		105,260,668

Liabilities:
Money trusts		17,004,068		16,807,865
Pension trusts		11,953,646		12,167,441
Property formation benefit trusts		12,790		12,866
Loan trusts		—		42,604
Investment trusts		29,733,150		28,281,581
Money entrusted other than money trusts		2,043,417		2,121,717
Securities trusts		1,347,731		1,281,437
Monetary claim trusts		10,872,821		10,577,539
Equipment trusts		38,816		36,063
Land and fixtures trusts		93,518		93,449
Composite trusts		33,939,127		33,838,100

Total		107,039,089		105,260,668

Note:

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

Detailed information for “Money trusts” with contracts indemnifying the principal amounts (including trusts for which beneficiary interests are re-entrusted)


	(in millions of yen)
	As of September 30, 2010		As of March 31, 2010
Assets:
Loans and bills discounted		119,171		125,147
Securities		45,650		53,296
Other		882,382		913,305

Total		1,047,203		1,091,749

Liabilities:
Principal		1,042,090		1,086,286
Allowance for bad debts		361		378
Other		4,751		5,084

Total		1,047,203		1,091,749

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(4) Major Items


	(in millions of yen)
	As of September 30, 2010		As of March 31, 2010
Total funds		43,806,244		43,354,040

Deposits		12,277,031		12,512,053
Negotiable certificates of deposit		2,558,706		1,811,209
Money trusts		17,004,068		16,807,865
Pension trusts		11,953,646		12,167,441
Property formation benefit trusts		12,790		12,866
Loan trusts		—		42,604

Loans and bills discounted		10,501,763		10,413,052

Banking account		10,359,104		10,257,717
Trust account		142,658		155,335

Investment securities		59,516,100		57,748,100

Note:

The table shown above includes master trust assets under the service-shared co-trusteeship between MUTB and

The Master Trust Bank of Japan, Ltd.