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 February 2013

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: February 1, 2013


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Akira Takeda
Name:		Akira Takeda
Title:		Chief Manager, General Affairs
		Corporate Administration Division


Consolidated Summary Report <under Japanese GAAP> for the nine months ended December 31, 2012

		February 1, 2013


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) 3240-3110
Quarterly securities report issuing date:	February 14, 2013	Trading accounts:	Established
Dividend payment date:	-
Supplemental information for quarterly financial statements:	Available
Quarterly investor meeting presentation:	None

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

1. Consolidated Financial Data for the Nine Months ended December 31, 2012

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income					Ordinary Profits					Net Income
	million yen		%			million yen		%			million yen		%
Nine months ended
December 31, 2012		3,438,004		(9.3	)		936,459		(24.0	)		532,456		(34.7	)
December 31, 2011		3,789,994		8.6			1,231,425		47.3			815,802		47.8

(*)

Comprehensive income

December 31, 2012: 834,274 million yen, 0.9 %; December 31, 2011: 827,030 million yen, 225.1 %


	Net Income per Common Stock		Diluted Net Income per Common Stock
	yen		yen
Nine months ended
December 31, 2012		37.00		36.94
December 31, 2011		57.04		56.92

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Attributable to MUFG Shareholders to Total Assets^(*1)
	million yen		million yen		%
As of
December 31, 2012		224,470,287		12,270,293		4.7
March 31, 2012		218,861,616		11,675,784		4.6

(Reference) Shareholders’ equity as of December 31, 2012: 10,546,248 million yen; March 31, 2012: 9,993,029 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” will be disclosed separately in mid-February 2013.

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, 2012		—		6.00		—		6.00		12.00
ending March 31, 2013		—		6.00		—
ending March 31, 2013 (Forecast)								6.00		12.00

(*1)

Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : 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 Target for the Fiscal Year ending March 31, 2013 (Consolidated)

MUFG has the target of 670.0 billion yen of consolidated net income for the fiscal year ending March 31, 2013. (There is no change to our earnings target released on May 15, 2012.)

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.

Notes

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

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

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

(A)

Changes in accounting policies due to revision of accounting standards: Yes

(B)

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

(C)

Changes in accounting estimates: Yes

(D)

Restatements: No


Note:		We changed the method of depreciation at the beginning of this first quarter.

		The change falls under “Changes in accounting policies which are difficult to distinguish from changes in accounting estimates”.

		For more details, please see “(1) Changes in Accounting Policies, Changes in Accounting Estimates and Restatements” in page 2 of Appendix.

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


(A) Total stocks outstanding including treasury stocks:	December 31, 2012	14,158,585,720 shares
	March 31, 2012	14,154,534,220 shares
(B) Treasury stocks:	December 31, 2012	9,576,769 shares
	March 31, 2012	9,553,750 shares
(C) Average outstanding stocks:	Nine months ended December 31, 2012	14,147,926,844 shares
	Nine months ended December 31, 2011	14,143,923,043 shares

*Disclosure regarding the execution of the quarterly review process

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

*Notes for using forecasted information etc.

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

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

(Dividends on preferred stocks)

Dividends per share relating to preferred stocks are as follows:


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
Preferred Stock First Series of Class 5
Fiscal year ended March 31, 2012		—		57.50		—		57.50		115.00
Fiscal year ending March 31, 2013		—		57.50		—
Fiscal year ending March 31, 2013 (Forecast)								57.50		115.00

	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
Preferred Stock Class 11
Fiscal year ended March 31, 2012		—		2.65		—		2.65		5.30
Fiscal year ending March 31, 2013		—		2.65		—
Fiscal year ending March 31, 2013 (Forecast)								2.65		5.30

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Information Regarding “Notes” in Consolidated Summary Report			2
(1) Changes in Accounting Policies, Changes in Accounting Estimates and Restatements			2

2. Consolidated Financial Statements			3
(1) Consolidated Balance Sheets			3
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			5
(3) Notes on Going-Concern Assumption			7
(4) Notes for Material Changes in Shareholders’ Equity			7

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Nine Months Ended December 31, 2012”

Mitsubishi UFJ Financial Group, Inc.

1. Information Regarding “Notes” in Consolidated Summary Report

(1)	Changes in Accounting Policies, Changes in Accounting Estimates and Restatements

(Changes in accounting policies which are difficult to distinguish from changes in accounting estimates)

Starting with the first quarter, MUFG and its domestic consolidated subsidiaries have changed the method of depreciation due to the revision of Corporation Tax Act. The change was that tangible fixed assets acquired on or after April 1, 2012 shall be depreciated according to the revised law.

This change had only minor impact on the consolidated statements of income and others.

Mitsubishi UFJ Financial Group, Inc.

2. Consolidated Financial Statements

(1) Consolidated Balance Sheets


	(in millions of yen)
	As of March 31, 2012			As of December 31, 2012
Assets:
Cash and due from banks		9,036,116			12,100,740
Call loans and bills bought		347,930			427,312
Receivables under resale agreements		4,552,860			5,339,938
Receivables under securities borrowing transactions		3,256,655			2,535,411
Monetary claims bought		2,954,838			3,261,534
Trading assets		16,768,713			19,523,641
Money held in trust		395,352			424,106
Securities		78,264,735			75,403,461
Loans and bills discounted		84,492,697			86,979,502
Foreign exchanges		1,480,083			1,398,694
Other assets		8,004,949			7,712,030
Tangible fixed assets		1,343,909			1,357,534
Intangible fixed assets		1,023,834			1,028,968
Deferred tax assets		522,886			326,327
Customers’ liabilities for acceptances and guarantees		7,539,826			7,752,521
Allowance for credit losses		(1,123,773	)		(1,101,440	)

Total assets		218,861,616			224,470,287

Liabilities:
Deposits		124,789,252			126,931,269
Negotiable certificates of deposit		12,980,617			13,460,403
Call money and bills sold		2,809,618			4,043,691
Payables under repurchase agreements		13,585,846			16,576,069
Payables under securities lending transactions		4,978,915			3,460,969
Commercial papers		569,659			844,595
Trading liabilities		13,451,275			14,736,379
Borrowed money		10,318,096			8,863,143
Foreign exchanges		874,225			1,248,970
Short-term bonds payable		523,065			582,463
Bonds payable		6,634,121			5,873,591
Due to trust accounts		1,416,725			1,317,759
Other liabilities		5,956,502			5,869,961
Reserve for bonuses		47,797			21,696
Reserve for bonuses to directors		1,057			382
Reserve for retirement benefits		81,111			70,124
Reserve for retirement benefits to directors		1,534			1,343
Reserve for loyalty award credits		6,768			8,833
Reserve for contingent losses		373,439			270,787
Reserves under special laws		1,799			1,732
Deferred tax liabilities		84,706			104,776
Deferred tax liabilities for land revaluation		159,867			158,527
Acceptances and guarantees		7,539,826			7,752,521

Total liabilities		207,185,831			212,199,994

Mitsubishi UFJ Financial Group, Inc.


	(in millions of yen)
	As of March 31, 2012			As of December 31, 2012
Net assets:
Capital stock		2,138,487			2,139,378
Capital surplus		2,175,304			2,174,381
Retained earnings		5,602,327			5,947,536
Treasury stock		(6,544	)		(6,563	)

Total shareholders’ equity		9,909,575			10,254,733

Net unrealized gains (losses) on other securities		440,900			622,990
Net deferred gains (losses) on hedging instruments		23,904			17,078
Land revaluation excess		161,361			160,860
Foreign currency translation adjustments		(494,155	)		(465,919	)
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		(48,555	)		(43,494	)

Total accumulated other comprehensive income		83,454			291,514

Subscription rights to shares		7,933			8,367
Minority interests		1,674,821			1,715,677

Total net assets		11,675,784			12,270,293

Total liabilities and net assets		218,861,616			224,470,287

Mitsubishi UFJ Financial Group, Inc.

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

Consolidated Statements of Income


	(in millions of yen)
	For the nine months ended December 31, 2011		For the nine months ended December 31, 2012
Ordinary income		3,789,994		3,438,004
Interest income		1,751,909		1,687,902
Interest on loans and bills discounted		1,117,683		1,130,737
Interest and dividends on securities		454,938		429,431
Trust fees		70,941		67,773
Fees and commissions		826,109		842,476
Trading income		134,757		200,835
Other business income		522,399		498,528
Other ordinary income		483,877		140,487
Ordinary expenses		2,558,568		2,501,545
Interest expenses		373,942		378,177
Interest on deposits		132,281		134,629
Fees and commissions		127,121		126,014
Other business expenses		158,442		115,301
General and administrative expenses		1,525,011		1,580,156
Other ordinary expenses		374,052		301,895

Ordinary profits		1,231,425		936,459

Extraordinary gains		23,544		6,654
Gains on disposition of fixed assets		8,608		4,798
Reversal of reserve for contingent liabilities from financial instruments transactions		441		66
Transfer gains on divestiture of businesses		—		1,450
Gains on sales of equity securities of affiliates		12,318		—
Others		2,176		339
Extraordinary losses		41,397		33,833
Losses on disposition of fixed assets		6,702		6,475
Losses on impairment of fixed assets		8,230		4,021
Losses on change in equity		—		23,285
Business structure improvement expenses		20,397		—
Amortization of goodwill		6,066		—
Others		—		51

Income before income taxes and others		1,213,572		909,280

Income taxes—current		191,198		116,007
Income taxes—deferred		128,210		166,968

Total taxes		319,408		282,976

Income before minority interests		894,164		626,304

Minority interests		78,361		93,847

Net income		815,802		532,456

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


	(in millions of yen)
	For the nine months ended December 31, 2011			For the nine months ended December 31, 2012
Income before minority interests		894,164			626,304
Other comprehensive income
Net unrealized gains (losses) on other securities		(32,657	)		178,376
Net deferred gains (losses) on hedging instruments		11,111			(5,998	)
Land revaluation excess		22,322			(87	)
Foreign currency translation adjustments		(17,582	)		28,062
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		5,256			4,205
Share of other comprehensive income of associates accounted for using equity method		(55,582	)		3,412

Total other comprehensive income		(67,133	)		207,970

Comprehensive income		827,030			834,274

(Comprehensive income attributable to)
Comprehensive income attributable to owners of the parent		750,168			740,930
Comprehensive income attributable to minority interests		76,862			93,344

Mitsubishi UFJ Financial Group, Inc.

(3) Notes on Going-Concern Assumption

Not applicable

(4) Notes for Material Changes in Shareholders’ Equity

Not applicable

Selected Financial Information

under Japanese GAAP

For the Nine Months Ended December 31, 2012

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


1. Financial Results	[ MUFG Consolidated ]*1	1

	[ BTMU and MUTB Combined ]23*4

	[ BTMU Non-consolidated ]

	[ MUTB Non-consolidated ]

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

	[ BTMU Non-consolidated ]

	[ MUTB Non-consolidated ]

	[ MUTB Non-consolidated : Trust Account ]

3. Securities	[ MUFG Consolidated ]	6

	[ BTMU Non-consolidated ]

	[ MUTB Non-consolidated ]

4. ROE	[ MUFG Consolidated ]	9

5. Average Interest Rate Spread	[ BTMU and MUTB Combined ]	9

6. Loans and Deposits	[ BTMU and MUTB Combined ]	9

7. Statements of Trust Assets and Liabilities	[ MUTB Non-consolidated ]	10

(Reference)

Exposure to “Securitized Products and Related Investments”		11

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

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

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

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

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in billions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2012 (A)			December 31, 2011 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,678.1			2,646.6			31.4
Gross profits before credit costs for trust accounts		2,678.1			2,646.6			31.4
Net interest income		1,309.8			1,378.0			(68.2	)
Trust fees		67.7			70.9			(3.1	)
Credit costs for trust accounts (1)		(0.0	)		—			(0.0	)
Net fees and commissions		716.4			698.9			17.4
Net trading profits		200.8			134.7			66.0
Net other business profits		383.2			363.9			19.2
Net gains (losses) on debt securities		344.3			285.2			59.1
General and administrative expenses		1,523.9			1,473.3			50.6
Amortization of goodwill		22.0			22.2			(0.1	)
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		1,176.2			1,195.5			(19.3	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		1,154.1			1,173.3			(19.1	)
Provision for general allowance for credit losses (2)		3.0			42.6			(39.5	)
Net business profits*		1,157.1			1,215.9			(58.7	)
Net non-recurring gains (losses)		(220.7	)		15.4			(236.2	)
Credit costs (3)		(144.2	)		(180.2	)		35.9
Losses on loan write-offs		(94.8	)		(123.1	)		28.2
Provision for specific allowance for credit losses		(48.7	)		(57.3	)		8.6
Other credit costs		(0.6	)		0.2			(0.9	)
Reversal of allowance for credit losses (4)		—			—			—
Reversal of reserve for contingent losses included in credit costs (5)		0.6			2.9			(2.3	)
Gains on loans written-off (6)		37.0			43.9			(6.8	)
Net gains (losses) on equity securities		(90.9	)		(155.0	)		64.1
Gains on sales of equity securities		31.4			30.6			0.8
Losses on sales of equity securities		(12.1	)		(30.2	)		18.0
Losses on write-down of equity securities		(110.2	)		(155.5	)		45.3
Profits (losses) from investments in affiliates		20.2			364.4			(344.1	)
Other non-recurring gains (losses)		(43.4	)		(60.5	)		17.0

Ordinary profits		936.4			1,231.4			(294.9	)

Net extraordinary gains (losses)		(27.1	)		(17.8	)		(9.3	)
Losses on change in equity		(23.2	)		—			(23.2	)
Income before income taxes and others		909.2			1,213.5			(304.2	)
Income taxes-current		116.0			191.1			(75.1	)
Income taxes-deferred		166.9			128.2			38.7
Total taxes		282.9			319.4			(36.4	)
Income before minority interests		626.3			894.1			(267.8	)
Minority interests		93.8			78.3			15.4

Net income		532.4			815.8			(283.3	)

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)+(4)+(5)+(6)	(103.5	)	(90.7	)	(12.8	)

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in billions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2012 (A)			December 31, 2011 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,811.5			1,811.8			(0.2	)
Gross profits before credit costs for trust accounts		1,811.5			1,811.8			(0.2	)
Net interest income		960.7			1,016.0			(55.3	)
Trust fees		50.5			52.9			(2.3	)
Credit costs for trust accounts (1)		(0.0	)		—			(0.0	)
Net fees and commissions		347.4			335.1			12.3
Net trading profits		94.2			78.7			15.5
Net other business profits		358.5			328.8			29.6
Net gains (losses) on debt securities		332.0			280.0			52.0
General and administrative expenses		920.0			883.8			36.2
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		891.5			927.9			(36.4	)
Provision for general allowance for credit losses (2)		7.1			20.8			(13.6	)
Net business profits		898.6			948.7			(50.1	)
Net non-recurring gains (losses)		(225.5	)		(308.0	)		82.5
Credit costs (3)		(79.5	)		(95.6	)		16.1
Losses on loan write-offs		(35.2	)		(44.1	)		8.8
Provision for specific allowance for credit losses		(43.5	)		(48.6	)		5.1
Other credit costs		(0.6	)		(2.7	)		2.0
Reversal of allowance for credit losses (4)		—			5.7			(5.7	)
Reversal of reserve for contingent losses included in credit costs (5)		0.3			—			0.3
Gains on loans written-off (6)		17.6			26.0			(8.3	)
Net gains (losses) on equity securities		(112.3	)		(188.3	)		76.0
Gains on sales of equity securities		24.8			24.4			0.3
Losses on sales of equity securities		(11.0	)		(28.8	)		17.8
Losses on write-down of equity securities		(126.0	)		(184.0	)		57.9
Other non-recurring gains (losses)		(51.7	)		(55.7	)		4.0

Ordinary profits		673.0			640.7			32.3

Net extraordinary gains (losses)		(0.6	)		(5.1	)		4.5
Net gains (losses) on disposition of fixed assets		(3.9	)		2.3			(6.2	)
Losses on impairment of fixed assets		(2.4	)		(7.4	)		5.0
Income before income taxes		672.4			635.6			36.8
Income taxes-current		74.9			154.0			(79.1	)
Income taxes-deferred		164.2			100.9			63.3
Total taxes		239.1			254.9			(15.8	)

Net income		433.3			380.6			52.6


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(54.3	)		(43.0	)		(11.3	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in billions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2012 (A)			December 31, 2011 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,552.5			1,553.3			(0.7	)
Net interest income		853.4			895.5			(42.0	)
Net fees and commissions		287.5			278.0			9.5
Net trading profits		86.7			65.7			20.9
Net other business profits		324.8			314.0			10.7
Net gains (losses) on debt securities		294.1			257.6			36.4
General and administrative expenses		783.6			746.9			36.6
Amortization of goodwill		0.1			0.0			0.1
Net business profits before provision for general allowance for credit losses and amortization of goodwill		769.0			806.4			(37.3	)
Net business profits before provision for general allowance for credit losses		768.9			806.3			(37.4	)
Provision for general allowance for credit losses (1)		2.4			20.8			(18.4	)
Net business profits		771.3			827.2			(55.8	)
Net non-recurring gains (losses)		(193.0	)		(283.1	)		90.1
Credit costs (2)		(69.2	)		(94.9	)		25.7
Losses on loan write-offs		(33.0	)		(43.6	)		10.5
Provision for specific allowance for credit losses		(35.4	)		(48.6	)		13.2
Other credit costs		(0.7	)		(2.5	)		1.8
Reversal of allowance for credit losses (3)		—			—			—
Reversal of reserve for contingent losses included in credit costs (4)		0.1			—			0.1
Gains on loans written-off (5)		16.7			23.5			(6.8	)
Net gains (losses) on equity securities		(106.7	)		(166.5	)		59.7
Gains on sales of equity securities		13.8			16.1			(2.2	)
Losses on sales of equity securities		(8.3	)		(23.6	)		15.3
Losses on write-down of equity securities		(112.2	)		(158.9	)		46.7
Other non-recurring gains (losses)		(33.9	)		(45.3	)		11.3

Ordinary profits		578.2			544.0			34.2

Net extraordinary gains (losses)		(0.0	)		(8.4	)		8.3
Net gains (losses) on disposition of fixed assets		(3.8	)		(2.1	)		(1.6	)
Losses on impairment of fixed assets		(2.0	)		(6.2	)		4.2
Gains on liquidation of subsidiaries		5.7			—			5.7
Income before income taxes		578.2			535.6			42.6
Income taxes-current		59.0			129.0			(70.0	)
Income taxes-deferred		162.1			94.1			68.0
Total taxes		221.2			223.2			(2.0	)

Net income		356.9			312.3			44.6


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(49.9	)		(50.5	)		0.5

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in billions of yen)
	For the nine months ended						Increase (Decrease) (A) - (B)
	December 31, 2012 (A)			December 31, 2011 (B)			Increase (Decrease) (A) - (B)
Gross profits		259.0			258.5			0.5
Gross profits before credit costs for trust accounts		259.0			258.5			0.5
Trust fees		50.5			52.9			(2.3	)
Credit costs for trust accounts (1)		(0.0	)		—			(0.0	)
Net interest income		107.2			120.5			(13.2	)
Net fees and commissions		59.9			57.1			2.7
Net trading profits		7.5			13.0			(5.4	)
Net other business profits		33.7			14.8			18.8
Net gains (losses) on debt securities		37.8			22.3			15.5
General and administrative expenses		136.4			136.9			(0.4	)
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		122.5			121.5			1.0
Provision for general allowance for credit losses (2)		4.7			—			4.7
Net business profits		127.2			121.5			5.6
Net non-recurring gains (losses)		(32.4	)		(24.8	)		(7.6	)
Credit costs (3)		(10.2	)		(0.6	)		(9.6	)
Losses on loan write-offs		(2.2	)		(0.5	)		(1.6	)
Provision for specific allowance for credit losses		(8.1	)		—			(8.1	)
Other credit costs		0.0			(0.1	)		0.2
Reversal of allowance for credit losses (4)		—			5.7			(5.7	)
Reversal of reserve for contingent losses included in credit costs (5)		0.2			—			0.2
Gains on loans written-off (6)		0.9			2.4			(1.5	)
Net gains (losses) on equity securities		(5.5	)		(21.8	)		16.3
Gains on sales of equity securities		10.9			8.3			2.6
Losses on sales of equity securities		(2.7	)		(5.1	)		2.4
Losses on write-down of equity securities		(13.7	)		(25.0	)		11.2
Other non-recurring gains (losses)		(17.8	)		(10.4	)		(7.3	)

Ordinary profits		94.8			96.7			(1.9	)

Net extraordinary gains (losses)		(0.5	)		3.2			(3.8	)
Net gains (losses) on disposition of fixed assets		(0.0	)		4.5			(4.5	)
Losses on impairment of fixed assets		(0.4	)		(1.2	)		0.7
Income before income taxes		94.2			99.9			(5.7	)
Income taxes-current		15.8			24.9			(9.1	)
Income taxes-deferred		2.0			6.7			(4.6	)
Total taxes		17.9			31.7			(13.7	)

Net income		76.3			68.2			8.0


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(4.4	)		7.4			(11.8	)

Mitsubishi UFJ Financial Group, Inc.

2. Non Performing Loans Based on the Financial Reconstruction Law

BTMU and MUTB Combined including Trust Account


	(in billions of yen)
	As of December 31, 2012			As of March 31, 2012
Bankrupt or De facto Bankrupt		101.7			107.1
Doubtful		1,019.9			917.5
Special Attention		548.8			557.4

Non Performing Loans		1,670.6			1,582.1

Total loans		91,103.0			88,971.6

Non Performing Loans / Total loans		1.83	%		1.77	%

BTMU Non-consolidated
	(in billions of yen)
	As of December 31, 2012			As of March 31, 2012
Bankrupt or De facto Bankrupt		98.5			103.3
Doubtful		969.9			873.3
Special Attention		529.9			537.6

Non Performing Loans		1,598.5			1,514.3

Total loans		79,777.0			78,163.3

Non Performing Loans / Total loans		2.00	%		1.93	%

MUTB Non-consolidated
	(in billions of yen)
	As of December 31, 2012			As of March 31, 2012
Bankrupt or De facto Bankrupt		3.1			3.6
Doubtful		49.8			44.1
Special Attention		18.4			18.8

Non Performing Loans		71.4			66.7

Total loans		11,285.3			10,714.5

Non Performing Loans / Total loans		0.63	%		0.62	%

MUTB Non-consolidated: Trust Account
	(in billions of yen)
	As of December 31, 2012			As of March 31, 2012
Bankrupt or De facto Bankrupt		0.0			0.1
Doubtful		0.1			0.0
Special Attention		0.4			0.8

Non Performing Loans		0.6			1.0

Total loans		40.6			93.8

Non Performing Loans / Total loans		1.66	%		1.12	%

Mitsubishi UFJ Financial Group, Inc.

3. Securities

MUFG Consolidated

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

(in billions of yen)

As of December 31, 2012

As of March 31, 2012

Amount on consolidated
balance sheet

Differences

Amount on consolidated
balance sheet

Differences

Debt securities being held to maturity

2,118.4

45.4

2,607.0

30.3

(in billions of yen)

As of December 31, 2012

As of March 31, 2012

Amount on consolidated
balance sheet

Differences

Amount on consolidated
balance sheet

Differences

Other securities

72,904.8

1,026.9

74,831.7

832.0

Domestic equity securities

3,296.7

419.8

3,333.8

321.7

Domestic bonds

47,220.0

210.2

51,566.8

217.5

Other

22,388.1

396.8

19,931.0

292.8

Foreign equity securities

186.6

65.3

170.3

50.2

Foreign bonds

19,531.9

312.2

17,921.9

260.6

Other

2,669.5

19.2

1,838.7

(18.1

)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

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

(in billions of yen)

As of December 31, 2012

As of March 31, 2012

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

1,283.4

40.9

1,290.8

26.5

Stocks of subsidiaries and affiliates

82.2

17.1

98.3

(10.1

)

(in billions of yen)

As of December 31, 2012

As of March 31, 2012

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Other securities

58,379.6

609.6

61,072.2

480.9

Domestic equity securities

2,639.6

205.7

2,647.0

107.4

Domestic bonds

41,084.8

155.4

45,565.3

177.5

Other

14,655.0

248.4

12,859.9

195.9

Foreign equity securities

178.6

65.6

161.3

49.2

Foreign bonds

12,347.6

126.9

11,250.1

136.8

Other

2,128.7

55.9

1,448.4

9.9

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

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

(in billions of yen)

As of December 31, 2012

As of March 31, 2012

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

657.2

4.0

1,020.6

6.6

Stocks of subsidiaries and affiliates

57.7

64.9

49.4

26.5

(in billions of yen)

As of December 31, 2012

As of March 31, 2012

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Other securities

12,457.3

296.1

11,452.1

219.9

Domestic equity securities

679.1

113.4

700.3

105.5

Domestic bonds

5,990.1

49.4

5,734.2

37.5

Other

5,788.1

133.2

5,017.5

76.8

Foreign equity securities

6.2

(0.4

)

6.0

(0.3

)

Foreign bonds

5,420.9

157.4

4,692.0

106.3

Other

360.9

(23.8

)

319.4

(29.1

)

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the nine months ended December 31, 2012		For the nine months ended December 31, 2011
ROE*		7.51		11.30


Note:
* ROE is computed as follows:

(Net income × 4/3) - 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

5. Average Interest Rate Spread

BTMU and MUTB Combined

(Domestic business segment)


	(percentage per annum)
	For the nine months ended December 31, 2012		For the nine months ended December 31, 2011
Average interest rate on loans and bills discounted		1.21		1.34
Average interest rate on deposits and NCD		0.07		0.08
Interest rate spread		1.14		1.26

(After excluding loans to the Japanese government and governmental organizations)	(percentage per annum)
Average interest rate on loans and bills discounted		1.34		1.42
Interest rate spread		1.27		1.34

6. Loans and Deposits

BTMU and MUTB Combined


	(in billions of yen)
	As of December 31, 2012		As of March 31, 2012
Deposits (ending balance)		121,203.4		118,657.4
Deposits (average balance)		119,200.6		116,004.5
Loans (ending balance)		82,225.0		79,906.9
Loans (average balance)		81,403.7		75,955.3

	(in billions of yen)
	As of December 31, 2012		As of March 31, 2012
Domestic deposits (ending balance)*		108,305.1		107,805.3
Individuals		67,828.9		65,844.3

Note:

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

Mitsubishi UFJ Financial Group, Inc.

7. Statements of Trust Assets and Liabilities

MUTB Non-consolidated

Including trust assets under service-shared co-trusteeship


(in billions of yen)	As of March 31, 2012		As of December 31, 2012
Assets:
Loans and bills discounted		147.3		100.6
Securities		48,875.2		50,009.1
Beneficiary rights to the trust		29,422.6		30,948.2
Securities held in custody accounts		3,113.0		3,411.1
Monetary claims		13,638.5		12,653.5
Tangible fixed assets		9,057.5		9,264.8
Intangible fixed assets		135.9		131.1
Other claims		4,356.5		3,660.9
Call loans		1,197.4		1,191.4
Due from banking account		1,416.6		1,317.7
Cash and due from banks		1,591.3		1,716.2

Total		112,952.4		114,405.0

Liabilities:
Money trusts		17,900.8		17,790.3
Pension trusts		12,130.5		11,840.2
Property formation benefit trusts		13.0		11.7
Investment trusts		28,618.1		30,207.3
Money entrusted other than money trusts		2,096.4		2,277.9
Securities trusts		4,102.2		4,834.1
Monetary claim trusts		14,011.0		12,869.2
Equipment trusts		63.3		29.2
Land and fixtures trusts		85.1		84.4
Composite trusts		33,931.5		34,460.2

Total		112,952.4		114,405.0


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.

Mitsubishi UFJ Financial Group, Inc.

(Reference)

Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of December 31, 2012 is outlined below. (Figures are on a managerial basis and rounded off to the billion yen other than those of P/L impact.)

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

•

The balance as of the end of December 2012 increased to ¥2.13 trillion in total, an increase of ¥0.48 trillion compared with the balance as of the end of March 2012, mainly due to an increase in highly rated CLOs and CMBS.

•

Net unrealized losses were ¥12 billion, improved by ¥41 billion compared to the end of March 2012.

•

The effect on the P/L for the third quarter ended December 31, 2012 was a slight loss of approximately ¥0.175 billion.


		(¥bn)
												of which securities being held to maturity²
		Balance¹		Change from end of March 2012			Net unrealized gains (losses)			Change from end of March 2012		Balance		Net unrealized gains (losses)
1	RMBS		43		(21	)		3			3		0		0
2	Sub-prime RMBS		2		(1	)		0			0		0		0
3	CMBS		249		146			10			6		0		0
4	CLOs		1,762		362			(24	)		31		1,309		(12	)
5	Other securitized products (card, etc.)		79		(11	)		(1	)		0		20		0
6	CDOs		1		0			0			0		0		0
7	Sub-prime ABS CDOs		0		0			0			0		0		0
8	SIV		0		0			1			1		0		0

9	Total		2,134		475			(12	)		41		1,328		(12	)

1.	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 accounted for 73% of our investments in securitized products, an increase of 3% compared with the end of March 2012, mainly due to an increase in highly rated CLOs and CMBS.

•

AAA and AA-rated products accounted for 92% of our investments in securitized products.


		(¥bn)
		AAA			AA			A			BBB			BB or lower			Unrated			Total
10	RMBS		4			4			5			15			15			0			43
11	Sub-prime RMBS		0			0			1			0			0			0			2
12	CMBS		199			45			4			0			1			0			249
13	CLOs		1,323			334			63			41			1			0			1,762
14	Other securitized products (card, etc.)		41			20			9			6			1			1			79
15	CDOs		0			0			0			0			1			0			1
16	Sub-prime ABS CDOs		0			0			0			0			0			0			0
17	SIV		0			0			0			0			0			0			0

18	Total		1,567			402			81			62			20			1			2,134

19	Percentage of total		73	%		19	%		4	%		3	%		1	%		0	%		100	%

20	Percentage of total (End of March 2012)		70	%		18	%		6	%		4	%		2	%		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 December 2012.


		(¥bn)
		Americas		Europe		Asia		Japan		Total		Change from end of March 2012
1	LBO Loan³(Balance on a commitment basis)		27		97		3		164		291		(27)
2	Balance on a booking basis		18		80		3		151		253		(29)

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 December 2012 was ¥3.82 trillion (¥1.44 trillion overseas).

•

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

End


<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
SIVs	:	Investment companies established mainly for gaining profit margin by raising funds through subordinated notes and short-term CPs, etc. and investing in relatively long-term securitized products and bonds, etc.
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