Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

FORM 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

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

the Securities Exchange Act of 1934

For the month of November 2014

Commission File No. 000-54189

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

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

Tokyo 100-8330, Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or

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

Form 20-F X Form 40-F

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

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

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

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

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 14, 2014


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the six months ended September 30, 2014

November 14, 2014


Company name:	Mitsubishi UFJ Financial Group, Inc.	Stock exchange listings:	Tokyo, Nagoya, New York
Code number:	8306	URL http://www.mufg.jp/
Representative:	Nobuyuki Hirano, President & CEO
For inquiry:	Hiroshi Fukunaga, General Manager - Financial Planning Division / Financial Accounting Office TEL (03) 3240-3110
Quarterly securities report issuing date: November 28, 2014		Dividend payment date:	December 5, 2014
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, 2014

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income				Ordinary Profits				Net Income
Six months ended	million yen		%		million yen		%		million yen		%
September 30, 2014		2,761,541		6.9		949,892		11.7		578,716		9.1
September 30, 2013		2,583,258		9.6		850,439		49.2		530,204		82.5

(*)	Comprehensive income

September 30, 2014: 1,163,937 million yen, 26.5% ; September 30, 2013: 919,842 million yen, 183.0%


	Net Income per Common Stock		Diluted Net Income per Common Stock
Six months ended	yen		yen
September 30, 2014		40.86		40.66
September 30, 2013		36.82		36.68

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Attributable to MUFG Shareholders to Total Assets (*)
As of	million yen		million yen		%
September 30, 2014		264,458,187		15,343,060		5.0
March 31, 2014		258,131,946		15,112,895		5.1

(Reference) Shareholders’ equity as of September 30, 2014: 13,353,505 million yen; March 31, 2014: 13,056,060 million yen

(*)

“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. Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
Fiscal year	yen		yen		yen		yen		yen
ended March 31, 2014		—		7.00		—		9.00		16.00
ending March 31, 2015		—		9.00		——		——		——
ending March 31, 2015 (Forecast)		——		——		—		9.00		18.00

(*1)

Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report: Yes

(*2)

The information in the above table is only for dividends on common stock. There is no schedule of dividend payment on classified stock (unlisted) issued by MUFG.

3. Earnings Target for the Fiscal Year ending March 31, 2015 (Consolidated)

MUFG has the target of 950.0 billion yen of consolidated net income for the fiscal year ending March 31, 2015. (There is no change to our earnings target released on May 14, 2014.)

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)	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: No

(D)

Restatements: No

Note:

For more details, please see “(1) Changes in Accounting Policies, Changes in Accounting Estimates and Restatements” in page 3 of Appendix.

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


(A) Total stocks outstanding including treasury stocks:	September 30, 2014	14,168,606,920 shares
	March 31, 2014	14,164,026,420 shares
(B) Treasury stocks:	September 30, 2014	2,580,556 shares
	March 31, 2014	2,554,673 shares
(C) Average outstanding stocks:	Six months ended September 30, 2014	14,164,063,621 shares
	Six months ended September 30, 2013	14,158,129,336 shares

(Reference) Summary of non-consolidated financial data

1. Non-consolidated Financial Data for the Six Months ended September 30, 2014

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Operating Income				Operating Profits				Ordinary Profits				Net Income
Six months ended	million yen		%		million yen		%		million yen		%		million yen		%
September 30, 2014		247,952		114.8		236,988		122.7		230,411		131.2		230,901		132.5
September 30, 2013		115,445		6.5		106,401		6.5		99,678		7.7		99,332		7.1


	Net Income per Common Stock
Six months ended	yen
September 30, 2014		16.30
September 30, 2013		6.38

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Ratio
As of	million yen		million yen		%
September 30, 2014		10,600,209		8,304,813		78.3
March 31, 2014		10,932,276		8,623,215		78.8

(Reference) Shareholders’ equity as of September 30, 2014: 8,296,906 million yen; March 31, 2014: 8,614,482 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.

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. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.

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, 2014			2

(1) Qualitative Information Pertaining to Consolidated Earnings Target			2

2. Information Regarding “Notes” in Consolidated Summary Report			3

(1) Changes in Accounting Policies, Changes in Accounting Estimates and Restatements			3

3. Consolidated Financial Statements			5

(1) Consolidated Balance Sheets			5

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			7

(3) Consolidated Statements of Changes in Net Assets			9

(4) Notes on Going-Concern Assumption			11

4. Non-consolidated Financial Statements			12

(1) Non-consolidated Balance Sheets			12

(2) Non-consolidated Statements of Income			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, 2014”

(*)	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 14, 2014 (Friday)

Explanation for investors and analysts:		November 21, 2014 (Friday)

Mitsubishi UFJ Financial Group, Inc.

1. Qualitative Information Pertaining to Consolidated Earnings and others for the Six Months ended September 30, 2014

(1) Qualitative Information Pertaining to Consolidated Earnings Target

MUFG has the target of 950.0 billion yen of consolidated net income for the fiscal year ending March 31, 2015. (There is no change to our earnings target released on May 14, 2014.)

As for other figures released on May 14, 2014, MUFG has revised some of them taking into account the performance of interim results as shown in the following table.

(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]

MUFG Consolidated


(in billions of Japanese yen)	For the fiscal year ending March 31, 2015		For the six months ended September 30, 2014 (Results)		For the fiscal year ended March 31, 2014 (Results)		For the six months ended September 30, 2013 (Results)
Total credit costs		0.0		41.1		11.8		25.7
Ordinary profits		1,670.0		949.8		1,694.8		850.4

Net income (loss)		950.0		578.7		984.8		530.2


<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		920.0		490.6		855.9		417.9
Total credit costs		60.0		66.9		17.0		27.8
Ordinary profits (losses)		960.0		547.2		1,002.1		455.1

Net income (loss)		570.0		354.4		650.2		269.9


Mitsubishi UFJ Trust and Banking Corporation
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		180.0		88.9		162.9		71.6
Total credit costs		5.0		9.3		18.0		16.6
Ordinary profits (losses)		185.0		110.1		195.0		87.1

Net income (loss)		115.0		73.3		136.3		62.6

Mitsubishi UFJ Financial Group, Inc.

2. Information Regarding “Notes” in Consolidated Summary Report

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

(Changes in Accounting Policies due to revision of Accounting Standards)

(Accounting Standards regarding Retirement Benefits)

The main clause of Article 35 of the “Accounting Standard for Retirement Benefits” (ASBJ Statement No. 26 issued on May 17, 2012, hereinafter “Retirement Benefits Accounting Standard”) and the main clause of Article 67 of the “Guidance on Accounting Standard for Retirement Benefits” (ASBJ Guidance No. 25 issued on May 17, 2012, hereinafter “Retirement Benefits Guidance”) were adopted from the interim reporting period ended September 30, 2014. Accordingly, the calculation methods of retirement benefit obligation and service cost were changed. Specifically, the method of determining the portion of projected benefit obligation attributed to periods was changed from the straight-line method to the benefit formula basis. In addition, the method of determining the discount rates applied in the calculation of projected benefit obligation was changed from the method using the average period up to estimated benefit payment date to the method using the single weighted average discount rate that reflects the estimated period and amount of benefit payment in each period.

The Retirement Benefits Accounting Standard and other standards were applied in accordance with the transitional treatment set forth in Article 37 of the Retirement Benefits Accounting Standard, and the effect of the change in calculation methods of retirement benefit obligation and service cost were added to or deducted from retained earnings as of April 1, 2014.

As a result, net defined benefit asset decreased by ¥58,569 million, net defined benefit liability decreased by ¥1,594 million, and retained earnings decreased by ¥37,224 million as of April 1, 2014. In addition, both ordinary profits and income before income taxes and others for the six months ended September 30, 2014 increased by ¥821 million, respectively.

Mitsubishi UFJ Financial Group, Inc.

(Accounting Standards regarding Business Combinations)

As the “Revised Accounting Standard for Business Combinations (ASBJ Statement No. 21 issued on September 13, 2013, hereinafter “Business Combinations Accounting Standard”), “Revised Accounting Standard for Consolidated Financial Statements (ASBJ Statement No. 22 issued on September 13, 2013, hereinafter “Consolidation Accounting Standard”), “Revised Accounting Standard for Business Divestitures” (ASBJ Statement No. 7 issued on September 13, 2013, hereinafter “Business Divestitures Accounting Standard”) and other standards became applicable from the fiscal year beginning on or after April 1, 2014, these standards were adopted from the interim reporting period ended September 30, 2014 (with the exception of Article 39 of the Consolidation Accounting Standard). Accordingly, the accounting method was changed to record the difference arising from changes in equity in subsidiaries which MUFG continues to control as capital surplus, and to record business acquisition costs as expenses for the fiscal year in which they occurred. In addition, regarding business combinations which became or will become effective on or after April 1, 2014, the accounting method was changed to retroactively reflect adjustments to the amount allocated to acquisition cost under provisional accounting treatment on the consolidated financial statements of the interim reporting period in which the relevant business combinations became or will become effective.

The Business Combinations Accounting Standard and other standards were applied in accordance with the transitional treatment set forth in Article 58-2 (3) of the Business Combinations Accounting Standard, Article 44-5 (3) of the Consolidation Accounting Standard and Article 57-4 (3) of the Business Divestitures Accounting Standard. The cumulative effects arising from the retroactive application of these new accounting policies to all the previous fiscal years were added to or deducted from capital surplus and retained earnings as of April 1, 2014.

As a result, goodwill decreased by ¥266,925 million, capital surplus decreased by ¥346,454 million, and retained earnings increased by ¥95,134 million as of April 1, 2014. In addition, both ordinary profits and income before income taxes and others for the six months ended September 30, 2014 increased by ¥8,529 million, respectively.

Mitsubishi UFJ Financial Group, Inc.

3. Consolidated Financial Statements

(1)	Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2014			As of September 30, 2014
Assets:
Cash and due from banks		23,969,883			31,714,834
Call loans and bills bought		826,851			551,929
Receivables under resale agreements		7,237,125			6,283,051
Receivables under securities borrowing transactions		4,181,660			4,309,158
Monetary claims bought		3,972,145			4,176,581
Trading assets		19,055,354			17,428,975
Money held in trust		583,692			674,774
Securities		74,515,573			73,179,318
Loans and bills discounted		101,938,907			102,571,087
Foreign exchanges		2,040,406			2,259,661
Other assets		8,809,286			9,906,313
Tangible fixed assets		1,540,031			1,552,728
Intangible fixed assets		1,483,352			1,204,280
Net defined benefit assets		460,836			433,641
Deferred tax assets		130,654			85,707
Customers’ liabilities for acceptances and guarantees		8,324,668			8,967,450
Allowance for credit losses		(938,483	)		(841,306	)

Total assets		258,131,946			264,458,187

Liabilities:
Deposits		144,760,294			144,135,867
Negotiable certificates of deposit		15,548,170			16,983,809
Call money and bills sold		3,465,414			4,078,274
Payables under repurchase agreements		21,626,590			18,679,726
Payables under securities lending transactions		5,534,643			7,053,970
Commercial papers		1,473,631			1,856,537
Trading liabilities		13,964,961			14,166,285
Borrowed money		10,828,601			12,603,521
Foreign exchanges		1,109,198			1,198,510
Short-term bonds payable		435,808			617,503
Bonds payable		7,165,577			7,628,496
Due to trust accounts		1,945,151			2,492,403
Other liabilities		5,965,086			7,498,875
Reserve for bonuses		78,987			67,290
Reserve for bonuses to directors		627			172
Net defined benefit liabilities		51,651			48,331
Reserve for retirement benefits to directors		1,201			960
Reserve for loyalty award credits		13,541			15,016
Reserve for contingent losses		247,351			223,124
Reserves under special laws		2,853			3,273
Deferred tax liabilities		320,014			641,157
Deferred tax liabilities for land revaluation		155,026			154,564
Acceptances and guarantees		8,324,668			8,967,450

Total liabilities		243,019,051			249,115,126

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2014			As of September 30, 2014
Net assets:
Capital stock		2,140,488			2,141,449
Capital surplus		2,174,384			1,439,477
Retained earnings		7,033,125			7,531,092
Treasury stock		(1,699	)		(1,714	)

Total shareholders’ equity		11,346,299			11,110,304

Net unrealized gains (losses) on other securities		1,218,397			1,829,793
Net deferred gains (losses) on hedging instruments		8,295			73,028
Land revaluation excess		157,776			159,991
Foreign currency translation adjustments		407,229			254,220
Remeasurements of defined benefit plans		(81,937	)		(73,832	)

Total accumulated other comprehensive income		1,709,760			2,243,201

Subscription rights to shares		8,732			7,906
Minority interests		2,048,101			1,981,648

Total net assets		15,112,895			15,343,060

Total liabilities and net assets		258,131,946			264,458,187

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 six months ended September 30, 2013		For the six months ended September 30, 2014
Ordinary income		2,583,258		2,761,541
Interest income		1,138,726		1,323,557
Interest on loans and bills discounted		777,686		859,679
Interest and dividends on securities		270,514		296,355
Trust fees		53,031		54,145
Fees and commissions		657,532		702,157
Trading income		179,783		144,820
Other business income		283,620		241,648
Other ordinary income		270,563		295,212
Ordinary expenses		1,732,819		1,811,648
Interest expenses		230,089		287,828
Interest on deposits		91,655		133,687
Fees and commissions		92,878		94,502
Trading expenses		1,544		—
Other business expenses		143,435		70,669
General and administrative expenses		1,139,034		1,252,344
Other ordinary expenses		125,836		106,304

Ordinary profits		850,439		949,892

Extraordinary gains		5,674		10,300
Gains on disposition of fixed assets		5,674		1,141
Gains on change in equity		—		9,159
Extraordinary losses		33,386		79,271
Losses on disposition of fixed assets		4,009		4,012
Losses on impairment of fixed assets		2,348		3,789
Provision for reserve for contingent liabilities from financial instruments transactions		319		419
Provision for reserve for contingent losses		—		34,477
Losses on change in equity		—		33,291
Losses on sales of equity securities of subsidiaries		2,170		3,280
Settlement package		24,537		—

Income before income taxes and others		822,727		880,922

Income taxes-current		165,822		184,924
Income taxes-deferred		46,369		57,617

Total taxes		212,192		242,542

Income before minority interests		610,535		638,380

Minority interests		80,330		59,664

Net income		530,204		578,716

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the six months ended September 30, 2013			For the six months ended September 30, 2014
Income before minority interests		610,535			638,380
Other comprehensive income
Net unrealized gains (losses) on other securities		(21,571	)		591,559
Net deferred gains (losses) on hedging instruments		(18,055	)		64,788
Land revaluation excess		(110	)		—
Foreign currency translation adjustments		206,415			(73,777	)
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		(5,645	)		—
Remeasurements of defined benefit plans		—			7,468
Share of other comprehensive income of associates accounted for using equity method		148,274			(64,481	)

Total other comprehensive income		309,307			525,556

Comprehensive income		919,842			1,163,937

(Comprehensive income attributable to)
Comprehensive income attributable to owners of the parent		837,194			1,110,313
Comprehensive income attributable to minority interests		82,648			53,623

Mitsubishi UFJ Financial Group, Inc.

(3)	Consolidated Statements of Changes in Net Assets

For the six months ended September 30, 2013


	(in millions of yen)
	Shareholders’ equity														Accumulated other comprehensive income
	Capital stock		Capital surplus			Retained earnings			Treasury stock			Total shareholders’ equity			Net unrealized gains (losses) on other securities			Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,139,378		2,172,930			6,267,976			(1,929	)		10,578,356			1,207,963			45,146
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		1,042		1,040									2,083
Dividends from retained earnings							(108,072	)					(108,072	)
Net income							530,204						530,204
Repurchase of treasury stock										(20	)		(20	)
Disposal of treasury stock				(55	)					272			217
Reversal of land revaluation excess							1,444						1,444
Changes in foreign affiliates’ interests in their subsidiaries							(3,282	)					(3,282	)
Net changes of items other than shareholders’ equity																(29,379	)		(17,343	)

Total changes during the period		1,042		985			420,293			251			422,573			(29,379	)		(17,343	)

Balance at the end of the period		2,140,421		2,173,915			6,688,270			(1,677	)		11,000,929			1,178,584			27,802


	(in millions of yen)
	Accumulated other comprehensive income
	Land revaluation excess			Foreign currency translation adjustments			Pension liability adjustments of subsidiaries preparing financial statements under US GAAP			Remeasurements of defined benefit plans		Total accumulated other comprehensive income		Subscription rights to shares			Minority interests		Total net assets
Balance at the beginning of the period		159,952			(195,421	)		(59,379	)		—		1,158,261		8,884			1,774,153		13,519,655
Changes during the period
Issuance of new shares-exercise of subscription rights to shares																				2,083
Dividends from retained earnings																				(108,072	)
Net income																				530,204
Repurchase of treasury stock																				(20	)
Disposal of treasury stock																				217
Reversal of land revaluation excess																				1,444
Changes in foreign affiliates’ interests in their subsidiaries																				(3,282	)
Net changes of items other than shareholders’ equity		(1,554	)		359,128			(5,306	)		—		305,545		(484	)		81,103		386,163

Total changes during the period		(1,554	)		359,128			(5,306	)		—		305,545		(484	)		81,103		808,736

Balance at the end of the period		158,397			163,706			(64,685	)		—		1,463,806		8,399			1,855,256		14,328,392

Mitsubishi UFJ Financial Group, Inc.

For the six months ended September 30, 2014


	(in millions of yen)
	Shareholders’ equity														Accumulated other comprehensive income
	Capital stock		Capital surplus			Retained earnings			Treasury stock			Total shareholders’ equity			Net unrealized gains (losses) on other securities		Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,140,488		2,174,384			7,033,125			(1,699	)		11,346,299			1,218,397		8,295
Cumulative effects of changes in accounting policies				(346,454	)		57,909						(288,545	)
Restated balance		2,140,488		1,827,929			7,091,035			(1,699	)		11,057,754			1,218,397		8,295
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		960		959									1,920
Dividends from retained earnings							(136,444	)					(136,444	)
Net income							578,716						578,716
Repurchase of treasury stock										(390,017	)		(390,017	)
Disposal of treasury stock				0						1			1
Retirement of treasury stock				(390,000	)					390,000			—
Reversal of land revaluation excess							(2,215	)					(2,215	)
Changes in subsidiaries’ equity				588									588
Net changes of items other than shareholders’ equity																611,395		64,732

Total changes during the period		960		(388,452	)		440,056			(15	)		52,549			611,395		64,732

Balance at the end of the period		2,141,449		1,439,477			7,531,092			(1,714	)		11,110,304			1,829,793		73,028


	(in millions of yen)
	Accumulated other comprehensive income
	Land revaluation excess		Foreign currency translation adjustments			Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		Remeasurements of defined benefit plans			Total accumulated other comprehensive income			Subscription rights to shares			Minority interests			Total net assets
Balance at the beginning of the period		157,776		407,229			—		(81,937	)		1,709,760			8,732			2,048,101			15,112,895
Cumulative effects of changes in accounting policies				(219	)				(152	)		(371	)					(14,360	)		(303,277	)
Restated balance		157,776		407,010			—		(82,090	)		1,709,388			8,732			2,033,741			14,809,617
Changes during the period
Issuance of new shares-exercise of subscription rights to shares																					1,920
Dividends from retained earnings																					(136,444	)
Net income																					578,716
Repurchase of treasury stock																					(390,017	)
Disposal of treasury stock																					1
Retirement of treasury stock																					—
Reversal of land revaluation excess																					(2,215	)
Changes in subsidiaries’ equity																					588
Net changes of items other than shareholders’ equity		2,215		(152,789	)		—		8,258			533,812			(825	)		(52,092	)		480,893

Total changes during the period		2,215		(152,789	)		—		8,258			533,812			(825	)		(52,092	)		533,443

Balance at the end of the period		159,991		254,220			—		(73,832	)		2,243,201			7,906			1,981,648			15,343,060

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 March 31, 2014			As of September 30, 2014
Assets:
Current assets:
Cash and due from banks		19,037			18,817
Securities		111,300			93,200
Others		71,743			87,736

Total current assets		202,081			199,754

Fixed assets:
Tangible fixed assets		279			355
Intangible fixed assets		4,923			6,659
Investments and other assets		10,724,991			10,393,439
Investments in subsidiaries and affiliates		10,706,842			10,316,842
Others		18,149			76,597

Total fixed assets		10,730,194			10,400,454

Total assets		10,932,276			10,600,209

Liabilities:
Current liabilities:
Short-term borrowings		1,917,647			1,838,546
Lease liabilities		21			21
Income taxes payable		104			3,753
Reserve for bonuses and reserve for bonuses to directors		441			392
Others		6,323			18,154

Total current liabilities		1,924,538			1,860,867

Fixed liabilities:
Bonds payable		380,500			430,500
Long-term borrowings		3,945			3,969
Lease liabilities		56			47
Others		20			11

Total fixed liabilities		384,522			434,528

Total liabilities		2,309,060			2,295,396

Net assets:
Shareholders’ equity:
Capital stock		2,140,488			2,141,449
Capital surplus:
Capital reserve		2,140,501			2,141,460
Other capital surplus		1,860,006			1,470,006

Total capital surplus		4,000,507			3,611,466

Retained earnings:
Other retained earnings:
Other reserve		150,000			150,000
Earned surplus brought forward		2,392,816			2,487,273

Total retained earnings		2,542,816			2,637,273

Treasury stock		(105	)		(121	)

Total shareholders’ equity		8,683,707			8,390,068

Valuation and translation adjustments:
Net deferred gains (losses) on hedging instruments		(69,224	)		(93,162	)

Total valuation and translation adjustments		(69,224	)		(93,162	)

Subscription rights to shares		8,732			7,906

Total net assets		8,623,215			8,304,813

Total liabilities and net assets		10,932,276			10,600,209

Mitsubishi UFJ Financial Group, Inc.

(2)	Non-consolidated Statements of Income


(in millions of yen)	For the six months ended September 30, 2013		For the six months ended September 30, 2014
Operating income		115,445		247,952
Operating expenses		9,043		10,963

Operating profits		106,401		236,988

Non-operating income		7,948		8,143
Non-operating expenses		14,671		14,719

Ordinary profits		99,678		230,411

Extraordinary gains		—		—
Extraordinary losses		0		3

Income before income taxes		99,678		230,408

Income taxes-current		345		(16,143	)
Income taxes-deferred		—		15,649

Total taxes		345		(493	)

Net income		99,332		230,901

Mitsubishi UFJ Financial Group, Inc.

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

For the six months ended September 30, 2013


	(in millions of yen)
	Shareholders’ equity
	Capital stock			Capital surplus						Retained earnings
				Capital reserve			Other capital surplus			Other retained earnings
				Capital reserve			Other capital surplus			Other reserve			Earned surplus brought forward
Balance at the beginning of the period		2,139,378			2,139,392			1,860,006			150,000			2,367,278
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		1,042			1,040
Dividends from retained earnings														(108,079	)
Net income														99,332
Repurchase of treasury stock
Disposal of treasury stock								0
Net changes of items other than shareholders’ equity

Total changes during the period		1,042			1,040			0			—			(8,746	)

Balance at the end of the period		2,140,421			2,140,433			1,860,006			150,000			2,358,532


	(in millions of yen)
	Shareholders’ equity						Valuation and translation adjustments			Subscription rights to shares			Total net assets
	Treasury stock			Total shareholders’ equity			Net deferred gains (losses) on hedging instruments			Subscription rights to shares			Total net assets
Balance at the beginning of the period		(61	)		8,655,995			(50,026	)		8,884			8,614,853
Changes during the period
Issuance of new shares-exercise of subscription rights to shares					2,083									2,083
Dividends from retained earnings					(108,079	)								(108,079	)
Net income					99,332									99,332
Repurchase of treasury stock		(20	)		(20	)								(20	)
Disposal of treasury stock		0			1									1
Net changes of items other than shareholders’ equity								(18,483	)		(484	)		(18,968	)

Total changes during the period		(19	)		(6,682	)		(18,483	)		(484	)		(25,650	)

Balance at the end of the period		(81	)		8,649,313			(68,510	)		8,399			8,589,202

Mitsubishi UFJ Financial Group, Inc.

For the six months ended September 30, 2014


	(in millions of yen)
	Shareholders’ equity
				Capital surplus						Retained earnings
	Capital stock			Capital reserve			Other capital surplus			Other retained earnings
	Capital stock			Capital reserve			Other capital surplus			Other reserve			Earned surplus brought forward
Balance at the beginning of the period		2,140,488			2,140,501			1,860,006			150,000			2,392,816
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		960			959
Dividends from retained earnings														(136,444	)
Net income														230,901
Repurchase of treasury stock
Disposal of treasury stock								0
Retirement of treasury stock								(390,000	)
Net changes of items other than shareholders’ equity

Total changes during the period		960			959			(390,000	)		—			94,457

Balance at the end of the period		2,141,449			2,141,460			1,470,006			150,000			2,487,273


	(in millions of yen)
	Shareholders’ equity						Valuation and translation adjustments
	Treasury stock			Total shareholders’ equity			Net deferred gains (losses) on hedging instruments			Subscription rights to shares			Total net assets
Balance at the beginning of the period		(105	)		8,683,707			(69,224	)		8,732			8,623,215
Changes during the period
Issuance of new shares-exercise of subscription rights to shares					1,920									1,920
Dividends from retained earnings					(136,444	)								(136,444	)
Net income					230,901									230,901
Repurchase of treasury stock		(390,017	)		(390,017	)								(390,017	)
Disposal of treasury stock		1			1									1
Retirement of treasury stock		390,000			—									—
Net changes of items other than shareholders’ equity								(23,937	)		(825	)		(24,763	)

Total changes during the period		(15	)		(293,638	)		(23,937	)		(825	)		(318,402	)

Balance at the end of the period		(121	)		8,390,068			(93,162	)		7,906			8,304,813

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, 2014


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

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

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

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

5. ROE	[ MUFG Consolidated ]	——	12

6. Risk-Adjusted Capital Ratio	[ MUFG Consolidated ][ BTMU Consolidated ] [ MUTB Consolidated ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	——	13

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

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

9. Progress in Disposition of Problem Assets	[ BTMU Non-consolidated ] [ MUTB Non-consolidated including Trust Account ]	——	23

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 ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ] [ MUTB Non-consolidated : Trust Accounts ]	——	25

11. Overseas Loans	[ BTMU and MUTB Combined ]	——	29

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

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

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

(References)

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

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

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

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

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

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

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2014 (A)			September 30, 2013 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,013,397			1,844,798			168,598
Gross profits before credit costs for trust accounts		2,012,926			1,845,263			167,662
Net interest income		1,035,797			908,689			127,108
Trust fees		54,145			53,031			1,114
Credit costs for trust accounts (1)		471			(465	)		936
Net fees and commissions		607,655			564,653			43,001
Net trading profits		144,820			178,238			(33,418	)
Net other business profits		170,978			140,185			30,792
Net gains (losses) on debt securities		89,302			77,093			12,209
General and administrative expenses		1,235,563			1,120,251			115,311
Amortization of goodwill		7,544			17,042			(9,498	)
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		784,907			742,055			42,852
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		777,363			725,012			52,350
Provision for general allowance for credit losses (2)		—			—			—
Net business profits*		777,834			724,547			53,286
Net non-recurring gains (losses)		172,058			125,891			46,166
Credit costs (3)		(72,105	)		(71,424	)		(680	)
Losses on loan write-offs		(57,215	)		(67,248	)		10,032
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(14,889	)		(4,176	)		(10,713	)
Reversal of allowance for credit losses (4)		80,655			68,738			11,916
Reversal of reserve for contingent losses included in credit costs (5)		4,484			2,497			1,986
Gains on loans written-off (6)		27,670			26,383			1,286
Net gains (losses) on equity securities		22,904			43,448			(20,544	)
Gains on sales of equity securities		31,998			61,854			(29,856	)
Losses on sales of equity securities		(6,478	)		(7,587	)		1,108
Losses on write-down of equity securities		(2,615	)		(10,818	)		8,203
Profits (losses) from investments in affiliates		103,934			68,693			35,241
Other non-recurring gains (losses)		4,514			(12,445	)		16,960

Ordinary profits		949,892			850,439			99,453

Net extraordinary gains (losses)		(68,970	)		(27,711	)		(41,258	)
Net gains (losses) on change in equity		(24,132	)		—			(24,132	)
Provision for reserve for contingent losses		(34,477	)		—			(34,477	)
Settlement package		—			(24,537	)		24,537
Income before income taxes and others		880,922			822,727			58,195
Income taxes-current		184,924			165,822			19,101
Income taxes-deferred		57,617			46,369			11,248
Total taxes		242,542			212,192			30,349
Income before minority interests		638,380			610,535			27,845
Minority interests		59,664			80,330			(20,666	)

Net income		578,716			530,204			48,511


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)		41,175			25,730			15,445

Number of consolidated subsidiaries		255			249			6
Number of affiliated companies accounted for under the equity method		64			61			3

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	September 30, 2014 (A)			September 30, 2013 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,259,728			1,125,552			134,175
Gross profits before credit costs for trust accounts		1,259,257			1,126,017			133,239
Domestic gross profits		688,965			680,645			8,320
Net interest income		389,695			407,214			(17,518	)
Trust fees		42,402			39,093			3,308
Credit costs for trust accounts (1)		471			(465	)		936
Net fees and commissions		200,171			185,435			14,736
Net trading profits		14,873			3,773			11,099
Net other business profits		41,822			45,127			(3,305	)
Net gains (losses) on debt securities		42,341			33,343			8,997
Non-domestic gross profits		570,762			444,907			125,855
Net interest income		318,761			227,756			91,004
Net fees and commissions		92,237			87,809			4,428
Net trading profits		57,744			50,399			7,345
Net other business profits		102,018			78,941			23,077
Net gains (losses) on debt securities		47,638			33,737			13,900
General and administrative expenses		679,690			636,425			43,265
Personnel expenses		273,795			257,036			16,759
Non-personnel expenses		367,723			348,952			18,771
Taxes		38,171			30,437			7,734
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		579,566			489,591			89,974
Provision for general allowance for credit losses (2)		—			—			—
Net business profits		580,037			489,126			90,910
Net non-recurring gains (losses)		77,381			53,192			24,188
Credit costs (3)		(31,710	)		(37,010	)		5,299
Losses on loan write-offs		(15,953	)		(33,033	)		17,080
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(15,757	)		(3,976	)		(11,780	)
Reversal of allowance for credit losses (4)		95,470			65,269			30,201
Reversal of reserve for contingent losses included in credit costs (5)		5,908			4,732			1,175
Gains on loans written-off (6)		6,160			11,944			(5,783	)
Net gains (losses) on equity securities		8,037			19,036			(10,998	)
Gains on sales of equity securities		18,884			51,259			(32,374	)
Losses on sales of equity securities		(6,232	)		(5,069	)		(1,163	)
Losses on write-down of equity securities		(4,613	)		(27,152	)		22,538
Other non-recurring gains (losses)		(6,486	)		(10,780	)		4,294

Ordinary profits		657,418			542,319			115,099

Net extraordinary gains (losses)		(40,816	)		(24,784	)		(16,032	)
Net gains (losses) on disposition of fixed assets		(2,937	)		479			(3,416	)
Losses on impairment of fixed assets		(3,402	)		(1,885	)		(1,517	)
Provision for reserve for contingent losses		(34,477	)		—			(34,477	)
Settlement package		—			(24,537	)		24,537
Income before income taxes		616,601			517,534			99,067
Income taxes-current		170,298			130,305			39,992
Income taxes-deferred		18,508			54,633			(36,124	)
Total taxes		188,806			184,938			3,867

Net income		427,795			332,595			95,199


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		76,300			44,471			31,828

Mitsubishi UFJ Financial Group, Inc.

BTMU Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2014 (A)			September 30, 2013 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,430,557			1,250,246			180,310
Net interest income		876,710			756,867			119,842
Trust fees		5,286			7,157			(1,870	)
Net fees and commissions		334,367			287,608			46,758
Net trading profits		44,272			57,292			(13,019	)
Net other business profits		169,919			141,320			28,599
Net gains (losses) on debt securities		90,666			79,487			11,178
General and administrative expenses		839,342			739,311			100,030
Amortization of goodwill		7,177			8,768			(1,591	)
Net business profits before provision for general allowance for credit losses and amortization of goodwill		598,392			519,703			78,689
Net business profits before provision for general allowance for credit losses		591,215			510,934			80,280
Provision for general allowance for credit losses (1)		—			—			—
Net business profits*		591,215			510,934			80,280
Net non-recurring gains (losses)		72,186			63,665			8,520
Credit costs (2)		(48,194	)		(46,056	)		(2,137	)
Losses on loan write-offs		(34,093	)		(41,863	)		7,769
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(14,101	)		(4,193	)		(9,907	)
Reversal of allowance for credit losses (3)		80,325			58,858			21,466
Reversal of reserve for contingent losses included in credit costs (4)		4,453			2,622			1,830
Gains on loans written-off (5)		17,680			17,240			440
Net gains (losses) on equity securities		7,802			32,815			(25,012	)
Gains on sales of equity securities		15,999			47,162			(31,162	)
Losses on sales of equity securities		(5,758	)		(2,386	)		(3,371	)
Losses on write-down of equity securities		(2,439	)		(11,960	)		9,521
Profits (losses) from investments in affiliates		13,549			5,182			8,367
Other non-recurring gains (losses)		(3,430	)		(6,997	)		3,567

Ordinary profits		663,401			574,599			88,801

Net extraordinary gains (losses)		(39,602	)		(26,791	)		(12,810	)
Net gains (losses) on disposition of fixed assets		(915	)		2,030			(2,946	)
Losses on impairment of fixed assets		(689	)		(1,791	)		1,101
Provision for reserve for contingent losses		(34,477	)		—			(34,477	)
Settlement package		—			(24,537	)		24,537
Income before income taxes and others		623,798			547,807			75,990
Income taxes-current		156,789			133,065			23,724
Income taxes-deferred		27,563			44,811			(17,247	)
Total taxes		184,353			177,876			6,476
Income before minority interests		439,445			369,931			69,514
Minority interests		33,949			30,405			3,543

Net income		405,496			339,525			65,970


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)+(3)+(4)+(5)		54,264			32,665			21,599

Number of consolidated subsidiaries		155			146			9
Number of affiliated companies accounted for under the equity method		60			59			1

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2014 (A)			September 30, 2013 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,079,582			965,579			114,002
Domestic gross profits		549,981			567,280			(17,299	)
Net interest income		347,607			363,849			(16,242	)
Net fees and commissions		154,774			140,054			14,720
Net trading profits		(5,421	)		5,700			(11,122	)
Net other business profits		53,021			57,676			(4,655	)
Net gains (losses) on debt securities		44,784			49,064			(4,280	)
Non-domestic gross profits		529,600			398,298			131,302
Net interest income		277,569			198,717			78,852
Net fees and commissions		92,144			87,438			4,705
Net trading profits		60,733			47,148			13,584
Net other business profits		99,153			64,992			34,160
Net gains (losses) on debt securities		45,949			20,587			25,362
General and administrative expenses		588,935			547,620			41,315
Personnel expenses		239,191			222,880			16,310
Non-personnel expenses		315,881			297,700			18,180
Amortization of goodwill		138			126			11
Taxes		33,862			27,039			6,823
Net business profits before provision for general allowance for credit losses and amortization of goodwill		490,785			418,085			72,699
Net business profits before provision for general allowance for credit losses		490,646			417,958			72,687
Provision for general allowance for credit losses (1)		—			—			—
Net business profits		490,646			417,958			72,687
Net non-recurring gains (losses)		56,606			37,209			19,397
Credit costs (2)		(30,920	)		(36,441	)		5,520
Losses on loan write-offs		(15,951	)		(32,447	)		16,495
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(14,968	)		(3,993	)		(10,974	)
Reversal of allowance for credit losses (3)		86,060			48,633			37,426
Reversal of reserve for contingent losses included in credit costs (4)		5,887			3,914			1,973
Gains on loans written-off (5)		5,883			11,757			(5,873	)
Net gains (losses) on equity securities		1,408			17,665			(16,257	)
Gains on sales of equity securities		11,570			46,735			(35,164	)
Losses on sales of equity securities		(5,685	)		(2,383	)		(3,301	)
Losses on write-down of equity securities		(4,477	)		(26,686	)		22,209
Other non-recurring gains (losses)		(11,712	)		(8,321	)		(3,390	)

Ordinary profits		547,253			455,168			92,085

Net extraordinary gains (losses)		(36,212	)		(24,638	)		(11,573	)
Net gains (losses) on disposition of fixed assets		(1,274	)		476			(1,751	)
Losses on impairment of fixed assets		(460	)		(1,736	)		1,276
Provision for reserve for contingent losses		(34,477	)		—			(34,477	)
Settlement package		—			(24,537	)		24,537
Income before income taxes		511,041			430,529			80,511
Income taxes-current		138,988			115,148			23,840
Income taxes-deferred		17,594			45,418			(27,824	)
Total taxes		156,582			160,567			(3,984	)

Net income		354,458			269,962			84,496


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		66,911			27,864			39,046

Mitsubishi UFJ Financial Group, Inc.

MUTB Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2014 (A)			September 30, 2013 (B)			Increase (Decrease) (A) - (B)
Gross profits		221,191			204,322			16,868
Gross profits before credit costs for trust accounts		220,719			204,787			15,932
Trust fees		48,932			46,053			2,879
Trust fees before credit costs for trust accounts		48,461			46,518			1,942
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		3,588			2,961			626
Other trust fees		44,873			43,557			1,316
Credit costs for trust accounts (1)		471			(465	)		936
Net interest income		80,018			70,452			9,565
Net fees and commissions		80,822			75,826			4,995
Net trading profits		19,258			3,476			15,781
Net other business profits		(7,840	)		8,512			(16,353	)
Net gains (losses) on debt securities		(754	)		(2,570	)		1,816
General and administrative expenses		123,199			116,756			6,443
Amortization of goodwill		458			108			350
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		97,978			88,139			9,838
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		97,520			88,031			9,488
Provision for general allowance for credit losses (2)		—			—			—
Net business profits*		97,991			87,566			10,424
Net non-recurring gains (losses)		23,933			19,229			4,704
Credit costs (3)		(816	)		(575	)		(240	)
Losses on loan write-offs		(27	)		(592	)		565
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(788	)		17			(806	)
Reversal of allowance for credit losses (4)		9,374			16,545			(7,170	)
Reversal of reserve for contingent losses included in credit costs (5)		20			818			(797	)
Gains on loans written-off (6)		310			231			78
Net gains (losses) on equity securities		6,629			1,355			5,274
Gains on sales of equity securities		7,314			4,523			2,790
Losses on sales of equity securities		(547	)		(2,701	)		2,154
Losses on write-down of equity securities		(136	)		(466	)		329
Profits (losses) from investments in affiliates		4,851			4,968			(117	)
Other non-recurring gains (losses)		3,562			(4,114	)		7,677

Ordinary profits		121,925			106,796			15,128

Net extraordinary gains (losses)		4,474			(160	)		4,634
Net gains (losses) on disposition of fixed assets		(1,733	)		(2	)		(1,731	)
Losses on impairment of fixed assets		(2,950	)		(157	)		(2,793	)
Gains on change in equity		9,159			—			9,159
Income before income taxes and others		126,399			106,636			19,763
Income taxes-current		36,125			19,394			16,730
Income taxes-deferred		(613	)		11,576			(12,189	)
Total taxes		35,511			30,971			4,540
Income before minority interests		90,887			75,664			15,222
Minority interests		4,126			3,917			209

Net income		86,760			71,747			15,013


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)+(4)+(5)+(6)		9,361			16,555			(7,194	)

Number of consolidated subsidiaries		57			52			5
Number of affiliated companies accounted for under the equity method		12			12			—

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2014 (A)			September 30, 2013 (B)			Increase (Decrease) (A) - (B)
Gross profits		180,146			159,973			20,172
Gross profits before credit costs for trust accounts		179,674			160,438			19,236
Domestic gross profits		138,984			113,364			25,620
Trust fees		42,402			39,093			3,308
Trust fees before credit costs for trust accounts		41,931			39,558			2,372
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		3,588			2,961			626
Other trust fees		38,342			36,597			1,745
Credit costs for trust accounts (1)		471			(465	)		936
Net interest income		42,088			43,364			(1,276	)
Net fees and commissions		45,397			45,381			15
Net trading profits		20,295			(1,926	)		22,222
Net other business profits		(11,198	)		(12,548	)		1,350
Net gains (losses) on debt securities		(2,443	)		(15,721	)		13,278
Non-domestic gross profits		41,161			46,608			(5,447	)
Net interest income		41,191			29,039			12,152
Net fees and commissions		93			370			(277	)
Net trading profits		(2,988	)		3,250			(6,239	)
Net other business profits		2,865			13,948			(11,083	)
Net gains (losses) on debt securities		1,688			13,150			(11,461	)
General and administrative expenses		90,755			88,805			1,949
Personnel expenses		34,604			34,155			448
Non-personnel expenses		51,842			51,251			590
Taxes		4,309			3,398			910
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		88,919			71,632			17,286
Provision for general allowance for credit losses (2)		—			—			—
Net business profits		89,390			71,167			18,223
Net non-recurring gains (losses)		20,774			15,983			4,790
Credit costs (3)		(789	)		(568	)		(220	)
Losses on loan write-offs		(1	)		(586	)		585
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(788	)		17			(806	)
Reversal of allowance for credit losses (4)		9,410			16,635			(7,225	)
Reversal of reserve for contingent losses included in credit costs (5)		20			818			(797	)
Gains on loans written-off (6)		277			187			90
Net gains (losses) on equity securities		6,629			1,370			5,259
Gains on sales of equity securities		7,314			4,523			2,790
Losses on sales of equity securities		(547	)		(2,686	)		2,138
Losses on write-down of equity securities		(136	)		(466	)		329
Other non-recurring gains (losses)		5,226			(2,459	)		7,685

Ordinary profits		110,164			87,151			23,013

Net extraordinary gains (losses)		(4,604	)		(146	)		(4,458	)
Net gains (losses) on disposition of fixed assets		(1,662	)		2			(1,664	)
Losses on impairment of fixed assets		(2,942	)		(148	)		(2,793	)
Income before income taxes		105,560			87,005			18,555
Income taxes-current		31,309			15,156			16,152
Income taxes-deferred		913			9,214			(8,300	)
Total taxes		32,223			24,371			7,852

Net income		73,336			62,633			10,702


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		9,389			16,607			(7,217	)

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, 2014 (A)			Increase (Decrease) (A) - (B)			For the six months ended September 30, 2013 (B)
Total average interest rate on interest-earning assets (a)		0.65			(0.06	)		0.71
Average interest rate on loans and bills discounted (b)		1.04			(0.09	)		1.14
Average interest rate on securities		0.49			0.04			0.45
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.73			(0.01	)		0.74
Average interest rate on deposits and NCD (d)		0.03			(0.00	)		0.04
Average interest rate on other liabilities		0.17			(0.02	)		0.20
Overall interest rate spread (a)-(c)		(0.07	)		(0.04	)		(0.03	)
Interest rate spread (b)-(d)		1.01			(0.08	)		1.10

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		1.23			(0.09	)		1.32
Interest rate spread (e)-(d)		1.19			(0.08	)		1.28

MUTB Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2014 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2013 (B)
Total average interest rate on interest-earning assets (a)		0.56		(0.09	)		0.66
Average interest rate on loans and bills discounted (b)		0.77		(0.09	)		0.86
Average interest rate on securities		0.57		(0.02	)		0.59
Total average interest rate on interest-bearing liabilities (c)		0.17		(0.02	)		0.20
Average interest rate on deposits and NCD (d)		0.14		(0.02	)		0.16
Overall interest rate spread (a)-(c)		0.39		(0.06	)		0.46
Interest rate spread (b)-(d)		0.63		(0.06	)		0.69

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.77		(0.09	)		0.86
Interest rate spread (e)-(d)		0.63		(0.06	)		0.69

BTMU and MUTB Combined


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2014 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2013 (B)
Average interest rate on loans and bills discounted (a)		1.00		(0.09	)		1.10
Average interest rate on deposits and NCD (b)		0.05		(0.00	)		0.05
Interest rate spread (a)-(b)		0.95		(0.08	)		1.04

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (c)		1.15		(0.09	)		1.24
Interest rate spread (c)-(b)		1.10		(0.08	)		1.18

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, 2014

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

739.5

4,559.1

14,075.6

19,374.3

Receive-floater/pay-fix

779.8

4,158.2

6,027.9

10,966.1

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

1,519.4

8,717.4

20,103.6

30,340.4

BTMU Consolidated

(in billions of yen)

As of September 30, 2014

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

423.0

3,608.5

13,985.6

18,017.3

Receive-floater/pay-fix

251.4

2,353.8

4,923.2

7,528.6

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

674.5

5,962.4

18,908.9

25,545.9

MUTB Consolidated

(in billions of yen)

As of September 30, 2014

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

275.0

921.0

90.0

1,286.0

Receive-floater/pay-fix

411.0

1,571.5

1,131.4

3,114.0

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

686.0

2,492.5

1,221.4

4,400.0

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, 2014								As of March 31, 2014
	Amount on consolidated balance sheet		Differences		Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Debt securities being held to maturity		3,543,489		41,719		45,598		3,878		2,778,658		27,082			39,133		12,050
Domestic bonds		815,425		4,971		4,980		9		214,969		868			868		—
Government bonds		815,425		4,971		4,980		9		214,969		868			868		—
Municipal bonds		—		—		—		—		—		—			—		—
Corporate bonds		—		—		—		—		—		—			—		—
Other		2,728,064		36,748		40,618		3,869		2,563,688		26,214			38,265		12,050
Foreign bonds		952,107		8,588		10,595		2,007		831,646		(7,312	)		2,358		9,671
Other		1,775,957		28,159		30,022		1,862		1,732,042		33,527			35,907		2,379

	(in millions of yen)
	As of September 30, 2014								As of March 31, 2014
	Amount on consolidated balance sheet		Differences		Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Other securities		69,594,187		2,751,679		2,920,857		169,178		71,722,006		1,869,917			2,180,880		310,962
Domestic equity securities		4,904,669		2,090,728		2,169,988		79,260		4,384,190		1,559,699			1,650,295		90,596
Domestic bonds		41,431,319		246,644		250,077		3,433		43,123,653		222,860			227,123		4,262
Government bonds		38,947,853		189,854		191,489		1,635		40,434,950		167,753			169,356		1,603
Municipal bonds		188,718		6,498		6,501		3		197,927		6,679			6,703		23
Corporate bonds		2,294,748		50,291		52,086		1,794		2,490,776		48,427			51,063		2,636
Other		23,258,198		414,306		500,791		86,485		24,214,162		87,357			303,461		216,103
Foreign equity securities		217,656		86,818		86,865		47		217,513		81,675			81,712		36
Foreign bonds		19,076,837		191,615		254,481		62,865		20,599,891		(53,023	)		130,997		184,021
Other		3,963,704		135,872		159,444		23,571		3,396,757		58,705			90,750		32,044

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, 2014

As of March 31, 2014

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

2,381,789

32,699

34,570

1,871

1,750,757

33,527

35,907

2,379

Stocks of subsidiaries and affiliates

678,572

211,051

235,695

24,643

676,760

(6,226

)

30,867

37,094

(in millions of yen)

As of September 30, 2014

As of March 31, 2014

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Other securities

51,283,201

2,033,217

2,153,889

120,672

54,117,050

1,367,125

1,585,230

218,104

Domestic equity securities

4,003,751

1,605,050

1,679,647

74,596

3,548,461

1,144,077

1,233,376

89,298

Domestic bonds

34,752,267

194,520

197,785

3,264

36,175,473

171,251

175,419

4,168

Other

12,527,181

233,645

276,457

42,811

14,393,114

51,796

176,434

124,638

Foreign equity securities

201,882

80,504

81,163

658

197,436

77,286

78,166

880

Foreign bonds

9,195,870

80,076

106,563

26,486

11,594,024

(50,095

)

50,043

100,139

Other

3,129,429

73,064

88,730

15,666

2,601,654

24,605

48,223

23,617

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

(in millions of yen)

As of September 30, 2014

As of March 31, 2014

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

15,565,582

12,486,488

4,386,378

2,914,259

13,963,192

16,072,562

4,559,235

1,580,483

Government bonds

15,324,694

11,716,303

4,010,315

2,140,975

13,707,896

15,188,464

4,158,774

799,787

Municipal bonds

13,153

119,022

56,002

357

19,619

125,104

52,631

370

Corporate bonds

227,734

651,162

320,060

772,926

235,676

758,993

347,829

780,325

Other

1,551,532

3,832,630

4,554,430

1,971,953

2,062,205

7,088,092

3,330,584

1,676,487

Foreign bonds

1,191,791

3,288,769

3,351,804

1,343,363

1,743,698

6,670,035

1,986,860

1,189,493

Other

359,740

543,861

1,202,625

628,589

318,506

418,057

1,343,724

486,993

Total

17,117,115

16,319,118

8,940,808

4,886,212

16,025,397

23,160,654

7,889,820

3,256,970

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, 2014

As of March 31, 2014

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

214,959

430

—

220,090

876

—

Stocks of subsidiaries and affiliates

57,771

109,965

110,031

57,771

100,140

100,395

255

(in millions of yen)

As of September 30, 2014

As of March 31, 2014

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Other securities

15,220,616

648,603

678,798

30,195

14,521,222

452,388

497,868

45,480

Domestic equity securities

940,449

409,812

427,857

18,044

856,844

322,464

343,759

21,295

Domestic bonds

6,553,580

47,973

48,268

294

6,717,762

42,635

42,851

215

Other

7,726,586

190,816

202,672

11,856

6,946,615

87,288

111,257

23,969

Foreign equity securities

426

175

—

380

129

—

Foreign bonds

7,206,477

129,889

138,085

8,196

6,469,332

52,605

74,001

21,395

Other

519,681

60,751

64,411

3,660

476,901

34,553

37,127

2,573

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


	(in millions of yen)
	As of September 30, 2014								As of March 31, 2014
	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		988,049		4,629,356		1,136,633		14,501		1,258,404		4,370,126		1,288,276		15,901
Government bonds		956,753		4,417,578		1,086,745		—		1,222,738		4,153,846		1,216,558		—
Municipal bonds		—		141		—		41		—		159		—		42
Corporate bonds		31,295		211,636		49,887		14,460		35,665		216,120		71,717		15,858
Other		430,131		3,581,459		2,321,688		1,114,167		377,295		4,068,415		1,401,156		851,471
Foreign bonds		428,952		3,407,425		2,277,412		1,092,688		376,462		3,898,013		1,361,704		838,298
Other		1,179		174,034		44,276		21,479		832		170,402		39,451		13,173

Total		1,418,180		8,210,816		3,458,321		1,128,668		1,635,699		8,438,541		2,689,432		867,372

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the six months
ended
September 30, 2014
(A)

Increase (Decrease)
(A) - (B)

For the six months
ended
September 30, 2013
(B)

ROE

10.18

0.14

10.03

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


MUFG Consolidated	(in billions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
(1) Total capital ratio (4)/(7)		15.39	%		(0.13	)%		15.53	%
(2) Tier 1 capital ratio (5)/(7)		12.21	%		(0.23	)%		12.45	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		10.97	%		(0.27	)%		11.25	%
(4) Total capital		16,039.1			644.8			15,394.3
(5) Tier 1 capital		12,726.1			384.2			12,341.8
(6) Common Equity Tier 1 capital		11,435.8			282.7			11,153.0
(7) Risk weighted assets		104,160.1			5,075.8			99,084.3
(8) Required Capital (7)×8%		8,332.8			406.0			7,926.7

BTMU Consolidated	(in billions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
(1) Total capital ratio (4)/(7)		15.41	%		(0.16	)%		15.57	%
(2) Tier 1 capital ratio (5)/(7)		11.95	%		(0.26	)%		12.21	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		10.72	%		(0.32	)%		11.05	%
(4) Total capital		12,696.9			440.7			12,256.1
(5) Tier 1 capital		9,843.7			232.1			9,611.5
(6) Common Equity Tier 1 capital		8,836.2			139.6			8,696.5
(7) Risk weighted assets		82,367.0			3,688.9			78,678.0
(8) Required Capital (7)×8%		6,589.3			295.1			6,294.2

MUTB Consolidated	(in billions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
(1) Total capital ratio (4)/(7)		19.72	%		1.33	%		18.38	%
(2) Tier 1 capital ratio (5)/(7)		15.54	%		0.77	%		14.76	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		14.98	%		0.76	%		14.21	%
(4) Total capital		2,181.7			124.4			2,057.3
(5) Tier 1 capital		1,719.0			66.6			1,652.4
(6) Common Equity Tier 1 capital		1,657.2			66.5			1,590.6
(7) Risk weighted assets		11,061.9			(126.1	)		11,188.1
(8) Required Capital (7)×8%		884.9			(10.0	)		895.0

BTMU Non-consolidated	(in billions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
(1) Total capital ratio (4)/(7)		17.12	%		(0.40	)%		17.52	%
(2) Tier 1 capital ratio (5)/(7)		13.30	%		(0.44	)%		13.74	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		11.57	%		(0.31	)%		11.88	%
(4) Total capital		11,993.8			411.6			11,582.1
(5) Tier 1 capital		9,321.8			234.4			9,087.3
(6) Common Equity Tier 1 capital		8,105.3			250.6			7,854.6
(7) Risk weighted assets		70,039.3			3,948.4			66,090.9
(8) Required Capital (7)×8%		5,603.1			315.8			5,287.2

MUTB Non-consolidated	(in billions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
(1) Total capital ratio (4)/(7)		19.61	%		1.10	%		18.51	%
(2) Tier 1 capital ratio (5)/(7)		14.95	%		0.57	%		14.37	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		14.29	%		0.56	%		13.72	%
(4) Total capital		2,175.5			106.6			2,068.9
(5) Tier 1 capital		1,658.0			51.3			1,606.6
(6) Common Equity Tier 1 capital		1,585.2			51.5			1,533.7
(7) Risk weighted assets		11,089.6			(84.2	)		11,173.8
(8) Required Capital (7)×8%		887.1			(6.7	)		893.9

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.

Mitsubishi UFJ Financial Group, Inc.

7. Risk-Monitored Loans

MUFG Consolidated

(1)	Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2014 (A)		% to total loans and bills discounted			As of March 31, 2014 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		23,352		0.02	%		27,479		0.02	%		(4,126	)		(0.00	)%
Non-accrual delinquent loans		891,777		0.86	%		1,046,663		1.02	%		(154,886	)		(0.15	)%
Accruing loans contractually past due 3 months or more		50,775		0.04	%		50,076		0.04	%		699			0.00	%
Restructured loans		546,405		0.53	%		581,309		0.57	%		(34,903	)		(0.03	)%

Total risk monitored loans		1,512,311		1.47	%		1,705,529		1.67	%		(193,217	)		(0.19	)%

Total loans and bills discounted		102,571,087		——			101,938,907		——			632,180			——

Written-off		488,953		——			521,879		——			(32,926	)		——
(2) Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2014 (A)		% to total risk monitored loans			As of March 31, 2014 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		841,306		55.63	%		938,483		55.02	%		(97,176	)		0.60	%
General allowance for credit losses		588,139		——			629,209		——			(41,070	)		——
Specific allowance for credit losses		251,815		——			307,883		——			(56,067	)		——
Allowance for credit to specific foreign borrowers		1,351		——			1,390		——			(39	)		——

(3)	Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,206,340		1,375,201		(168,861	)
Overseas		305,971		330,327		(24,355	)
Asia		90,108		89,008		1,099
Indonesia		3,353		3,102		250
Singapore		—		27		(27	)
Thailand		71,098		66,812		4,285
Hong Kong		—		781		(781	)
China		63		126		(63	)
Other		15,593		18,158		(2,564	)
Americas		109,605		114,988		(5,382	)
Europe, Middle East and Other		106,256		126,330		(20,073	)

Total		1,512,311		1,705,529		(193,217	)

Classified by Industry


	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,206,340		1,375,201		(168,861	)
Manufacturing		236,012		263,319		(27,307	)
Construction		31,425		37,945		(6,520	)
Wholesale and retail		215,999		246,120		(30,120	)
Finance and insurance		5,753		8,106		(2,352	)
Real estate, goods rental and leasing		152,379		197,128		(44,748	)
Services		94,413		107,142		(12,728	)
Other industries		48,799		65,548		(16,748	)
Consumer		421,555		449,891		(28,335	)
Overseas		305,971		330,327		(24,355	)
Financial institutions		7,414		24,238		(16,823	)
Commercial and industrial		134,108		137,049		(2,940	)
Other		164,448		169,039		(4,591	)

Total		1,512,311		1,705,529		(193,217	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


(1) Risk-Monitored Loans
	(in millions of yen)
	As of September 30, 2014 (A)		% to total loans and bills discounted			As of March 31, 2014 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		17,929		0.02	%		20,637		0.02	%		(2,708	)		(0.00	)%
Non-accrual delinquent loans		691,465		0.86	%		863,900		1.08	%		(172,434	)		(0.22	)%
Accruing loans contractually past due 3 months or more		56,019		0.07	%		57,177		0.07	%		(1,158	)		(0.00	)%
Restructured loans		385,827		0.48	%		401,102		0.50	%		(15,275	)		(0.02	)%

Total risk monitored loans		1,151,241		1.43	%		1,342,818		1.68	%		(191,576	)		(0.24	)%

Total loans and bills discounted		79,977,449		——			79,495,010		——			482,439			——

Written-off		337,602		——			353,636		——			(16,033	)		——
(2) Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2014 (A)		% to total risk monitored loans			As of March 31, 2014 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		540,830		46.97	%		651,662		48.52	%		(110,832	)		(1.55	)%
General allowance for credit losses		356,691		——			401,533		——			(44,842	)		——
Specific allowance for credit losses		182,787		——			248,738		——			(65,950	)		——
Allowance for credit to specific foreign borrowers		1,351		——			1,390		——			(39	)		——

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,004,536		1,168,147		(163,610	)
Overseas		146,704		174,670		(27,966	)
Asia		18,201		21,592		(3,391	)
Indonesia		1,387		1,312		74
Singapore		—		27		(27	)
Thailand		1,298		1,401		(102	)
Hong Kong		—		781		(781	)
China		—		—		—
Other		15,514		18,069		(2,555	)
Americas		24,479		29,489		(5,010	)
Europe, Middle East and Other		104,023		123,588		(19,564	)

Total		1,151,241		1,342,818		(191,576	)

Classified by Industry


	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,004,536		1,168,147		(163,610	)
Manufacturing		225,386		250,801		(25,414	)
Construction		30,674		37,171		(6,497	)
Wholesale and retail		213,745		243,723		(29,978	)
Finance and insurance		5,442		6,451		(1,009	)
Real estate		133,258		178,365		(45,107	)
Goods rental and leasing		5,023		3,744		1,278
Services		93,800		106,210		(12,410	)
Other industries		47,787		64,513		(16,726	)
Consumer		249,418		277,163		(27,744	)
Overseas		146,704		174,670		(27,966	)
Financial institutions		7,284		24,140		(16,855	)
Commercial and industrial		50,250		56,056		(5,806	)
Other		89,169		94,473		(5,304	)

Total		1,151,241		1,342,818		(191,576	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2014 (A)		% to total loans and bills discounted			As of March 31, 2014 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		451		0.00	%		491		0.00	%		(39	)		(0.00	)%
Non-accrual delinquent loans		25,901		0.21	%		27,099		0.22	%		(1,197	)		(0.01	)%
Accruing loans contractually past due 3 months or more		514		0.00	%		866		0.00	%		(352	)		(0.00	)%
Restructured loans		12,117		0.10	%		15,808		0.13	%		(3,691	)		(0.03	)%

Total risk monitored loans		38,985		0.32	%		44,266		0.37	%		(5,281	)		(0.04	)%

Total loans and bills discounted		11,986,006		——			11,909,155		——			76,850			——

Written-off		13,725		——			14,136		——			(411	)		——
(2) Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2014 (A)		% to total risk monitored loans			As of March 31, 2014 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		27,351		70.15	%		36,821		83.18	%		(9,469	)		(13.02	)%
General allowance for credit losses		20,240		——			28,013		——			(7,772	)		——
Specific allowance for credit losses		7,110		——			8,807		——			(1,697	)		——
Allowance for credit to specific foreign borrowers		0		——			0		——			(0	)		——

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		36,740		41,512		(4,771	)
Overseas		2,245		2,754		(509	)
Asia		—		—		—
Indonesia		—		—		—
Singapore		—		—		—
Thailand		—		—		—
Hong Kong		—		—		—
China		—		—		—
Other		—		—		—
Americas		12		13		(0	)
Europe, Middle East and Other		2,232		2,741		(508	)

Total		38,985		44,266		(5,281	)

Classified by Industry


	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		36,740		41,512		(4,771	)
Manufacturing		10,594		12,487		(1,892	)
Construction		729		744		(15	)
Wholesale and retail		2,061		2,172		(111	)
Finance and insurance		286		1,628		(1,341	)
Real estate		13,988		14,815		(827	)
Goods rental and leasing		—		—		—
Services		581		900		(319	)
Other industries		1,007		1,029		(22	)
Consumer		7,491		7,733		(242	)
Overseas		2,245		2,754		(509	)
Financial institutions		—		—		—
Commercial and industrial		2,232		2,741		(508	)
Other		12		13		(0	)

Total		38,985		44,266		(5,281	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Account

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

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2014 (A)		% to total loans and bills discounted			As of March 31, 2014 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		11		0.03	%		70		0.22	%		(58	)		(0.18	)%
Non-accrual delinquent loans		0		0.00	%		0		0.00	%		(0	)		(0.00	)%
Accruing loans contractually past due 3 months or more		264		0.91	%		163		0.51	%		101			0.40	%
Restructured loans		748		2.58	%		1,371		4.31	%		(623	)		(1.73	)%

Total risk monitored loans		1,025		3.54	%		1,606		5.05	%		(581	)		(1.51	)%

Total loans and bills discounted		28,940		——			31,782		——			(2,842	)		——

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Allowance for bad debts		86		95		(8	)
(3) Classification of Risk-Monitored Loans Classified by Industry
	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,025		1,606		(581	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		800		814		(14	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		224		791		(566	)

Total		1,025		1,606		(581	)

Mitsubishi UFJ Financial Group, Inc.

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

BTMU and MUTB Combined including Trust Account

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

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2014 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		88,804			94,054			(5,249	)
Doubtful		665,745			848,304			(182,558	)
Special Attention		455,372			475,767			(20,395	)
Non Performing Loans (1)		1,209,922			1,418,127			(208,204	)

Normal		100,694,341			99,058,578			1,635,763

Total		101,904,264			100,476,705			1,427,559

Non Performing Loans / Total		1.18	%		1.41	%		(0.22	)%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2014 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		950,184			1,108,904			(158,720	)
Allowance for credit losses		306,411			378,600			(72,188	)
Collateral, guarantees, etc.		643,772			730,304			(86,531	)

Coverage ratio (2) / (1)		78.53	%		78.19	%		0.33	%

(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

88,804

1,624

87,180

100.00

[94,054

]

[1,151

]

[92,903

]

[100.00

Doubtful

665,745

185,345

331,835

77.68

[848,304

]

[252,773

]

[402,251

]

[77.21

Special Attention

455,372

119,442

224,756

75.58

[475,767

]

[124,675

]

[235,149

]

[75.63

Total

1,209,922

306,411

643,772

78.53

[1,418,127

]

[378,600

]

[730,304

]

[78.19

Note: The upper figures are as of September 30, 2014. The lower figures with brackets are as of March 31, 2014.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,056,036		1,235,131		(179,095	)
Manufacturing		237,377		267,151		(29,774	)
Construction		31,576		38,178		(6,602	)
Wholesale and retail		221,657		256,769		(35,111	)
Finance and insurance		7,476		9,822		(2,346	)
Real estate		149,788		196,572		(46,783	)
Goods rental and leasing		5,035		3,744		1,290
Services		95,199		108,214		(13,015	)
Other industries		50,375		68,620		(18,245	)
Consumer		257,550		286,056		(28,506	)
Overseas		153,886		182,995		(29,108	)
Financial institutions		7,284		24,140		(16,855	)
Commercial and industrial		57,419		64,368		(6,948	)
Other		89,181		94,486		(5,305	)

Total		1,209,922		1,418,127		(208,204	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2014 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		86,351			91,524			(5,172	)
Doubtful		641,699			822,431			(180,731	)
Special Attention		441,846			458,280			(16,433	)
Non Performing Loans (1)		1,169,898			1,372,236			(202,338	)

Normal		88,411,957			86,906,340			1,505,617

Total		89,581,855			88,278,576			1,303,278

Non Performing Loans / Total		1.30	%		1.55	%		(0.24	)%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2014 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		916,686			1,069,080			(152,393	)
Allowance for credit losses		296,486			365,749			(69,263	)
Collateral, guarantees, etc.		620,200			703,330			(83,130	)

Coverage ratio (2) / (1)		78.35	%		77.90	%		0.44	%

(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

86,351

1,609

84,742

100.00

[91,524

]

[1,136

]

[90,388

]

[100.00

Doubtful

641,699

178,815

319,497

55.49

77.65

[822,431

]

[244,560

]

[389,674

]

[56.51

[77.11

Special Attention

441,846

116,061

215,960

51.38

75.14

[458,280

]

[120,052

]

[223,268

]

[51.08

[74.91

Total

1,169,898

296,486

620,200

53.93

78.35

[1,372,236

]

[365,749

]

[703,330

]

[54.67

[77.90

Note:

The upper figures are as of September 30, 2014. The lower figures with brackets are as of March 31, 2014.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,018,257		1,191,996		(173,739	)
Manufacturing		226,782		254,664		(27,881	)
Construction		30,846		37,434		(6,587	)
Wholesale and retail		219,596		254,596		(35,000	)
Finance and insurance		7,190		8,194		(1,004	)
Real estate		135,000		180,941		(45,940	)
Goods rental and leasing		5,035		3,744		1,290
Services		94,617		107,314		(12,696	)
Other industries		49,367		67,590		(18,222	)
Consumer		249,819		277,514		(27,694	)
Overseas		151,640		180,240		(28,599	)
Financial institutions		7,284		24,140		(16,855	)
Commercial and industrial		55,186		61,626		(6,439	)
Other		89,169		94,473		(5,304	)

Total		1,169,898		1,372,236		(202,338	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1)	Non Performing Loans


	(in millions of yen)
	As of September 30, 2014 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		2,432			2,459			(26	)
Doubtful		23,935			25,149			(1,214	)
Special Attention		12,631			16,675			(4,043	)
Non Performing Loans (1)		38,999			44,284			(5,284	)


Normal		12,254,469			12,122,061			132,407

Total		12,293,468			12,166,345			127,123

Non Performing Loans / Total		0.31	%		0.36	%		(0.04	)%
(2) Status of Coverage of Non Performing Loans
	(in millions of yen)
	As of September 30, 2014 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		32,734			38,522			(5,788	)
Allowance for credit losses		9,925			12,851			(2,925	)
Collateral, guarantees, etc.		22,809			25,671			(2,862	)

Coverage ratio (2) / (1)		83.93	%		86.98	%		(3.05	)%

(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

2,432

2,417

100.00

[2,459

]

[15

]

[2,444

]

[100.00

Doubtful

23,935

6,529

12,252

55.89

78.47

[25,149

]

[8,213

]

[11,922

]

[62.09

[80.06

Special Attention

12,631

3,381

8,138

75.24

91.19

[16,675

]

[4,622

]

[11,305

]

[86.07

[95.51

Total

38,999

9,925

22,809

61.30

83.93

[44,284

]

[12,851

]

[25,671

]

[69.04

[86.98

Note:

The upper figures are as of September 30, 2014. The lower figures with brackets are as of March 31, 2014.

(4)	Classified by Industry


	(in millions of yen)
	As of September 30, 2014 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		36,754		41,529		(4,774	)
Manufacturing		10,594		12,487		(1,892	)
Construction		729		744		(15	)
Wholesale and retail		2,061		2,172		(111	)
Finance and insurance		286		1,628		(1,341	)
Real estate		13,988		14,815		(827	)
Goods rental and leasing		—		—		—
Services		581		900		(319	)
Other industries		1,007		1,029		(22	)
Consumer		7,505		7,750		(245	)
Overseas		2,245		2,755		(509	)
Financial institutions		—		—		—
Commercial and industrial		2,233		2,741		(508	)
Other		12		13		(0	)

Total		38,999		44,284		(5,284	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Account

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

(1) Non Performing Loans


							(in millions of yen)
							As of September 30, 2014 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								20			70			(50	)
Doubtful								110			723			(612	)
Special Attention								894			811			82
Non Performing Loans (1)								1,025			1,606			(581	)


Normal								27,915			30,176			(2,261	)

Total								28,940			31,782			(2,842	)

Non Performing Loans / Total								3.54	%		5.05	%		(1.51	)%

(2) Status of Coverage of Non Performing Loans

							(in millions of yen)
							As of September 30, 2014 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								763			1,301			(538	)
Allowance for credit losses								—			—			—
Collateral, guarantees, etc.								763			1,301			(538	)

Coverage ratio (2) / (1)								74.44	%		81.04	%		(6.59	)%
(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		20			—			20						100.00	%
Bankrupt or De facto Bankrupt		[70	]		[—	]		[70	]					[100.00	%]
Doubtful		110			—			85						77.58	%
Doubtful		[723	]		[—	]		[654	]					[90.48	%]
Special Attention		894			—			657						73.48	%
Special Attention		[811	]		[—	]		[576	]					[70.98	%]
Total		1,025			—			763						74.44	%
Total		[1,606	]		[—	]		[1,301	]					[81.04	%]

Note: The upper figures are as of September 30, 2014. The lower figures with brackets are as of March 31, 2014. (4) Classified by Industry
							(in millions of yen)
							As of September 30, 2014 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Domestic								1,025			1,606			(581	)
Manufacturing								—			—			—
Construction								—			—			—
Wholesale and retail								—			—			—
Finance and insurance								—			—			—
Real estate								800			814			(14	)
Goods rental and leasing								—			—			—
Services								—			—			—
Other industries								—			—			—
Consumer								224			791			(566	)

Total								1,025			1,606			(581	)

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

[87.1]

[0.8]

[0.7]

(*1)

100.00%

i) Bankrupt or

De facto Bankrupt

[88.7]

Loans to bankrupt borrowers

[18.3]

Substantially
Bankrupt
Borrowers

Non-accrual

delinquent loans

[717.3]

Potentially
Bankrupt
Borrowers

[333.0]

[332.5]

55.51%

ii) Doubtful

[665.6]

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

[454.4]

51.84%

iii) Special Attention

[454.4]

Accruing loans contractually past due

3 months or more

[56.5]

Restructured loans

[397.9]

Borrowers
Requiring
Caution
(Other
Borrowers)

iv) Normal

[100,666.4]

Normal
Borrowers

Non-Performing Loans Based on the “FRL”

Risk-Monitored Loans

i) + ii) + iii)

1,208.8

1,190.2

Total

i) + ii) + iii) + iv)

101,875.3

(*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 Non-consolidated

(1)	Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRL”


	(in millions of yen)
	As of March 31, 2012		As of March 31, 2013		As of March 31, 2014 (A)		As of September 30, 2014 (B)		(B) - (A)
Assets newly categorized during fiscal 2011		393,988		281,203		164,748		133,536		(31,212	)
Assets newly categorized during fiscal 2012				340,637		204,404		121,387		(83,017	)
Assets newly categorized during fiscal 2013						195,312		155,052		(40,260	)
Assets newly categorized during fiscal 2014								57,799

(2)	Progress in Disposition of Problem Assets


	(in millions of yen)
	For the first half of the fiscal year ended September 30, 2014
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		3,100		——		——
Reconstructive treatment		11,682		——		——
Upgrade due to reconstructive treatment		4,703		——		——
Loan sold to secondary market		4,208		——		——
Write-offs		22,625		——		——
Others		197,383		——		——
Collection / Repayment		69,939		——		——
Upgrade		127,443		——		——

Total		243,704		22,181		221,522


Amount in process for disposition		80,936

Note:

The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated including Trust Account

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

(1)	Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRL”


	(in millions of yen)
	As of March 31, 2012		As of March 31, 2013		As of March 31, 2014 (A)		As of September 30, 2014 (B)		(B) - (A)
Assets newly categorized during fiscal 2011		27,155		17,759		2,252		2,184		(67	)
Assets newly categorized during fiscal 2012				15,711		8,784		6,574		(2,209	)
Assets newly categorized during fiscal 2013						6,315		3,763		(2,551	)
Assets newly categorized during fiscal 2014								3,687

(2)	Progress in Disposition of Problem Assets


	(in millions of yen)
	For the first half of the fiscal year ended September 30, 2014
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		—		——		——
Reconstructive treatment		—		——		——
Upgrade due to reconstructive treatment		—		——		——
Loan sold to secondary market		—		——		——
Write-offs		1		——		——
Others		5,590		——		——
Collection / Repayment		4,914		——		——
Upgrade		676		——		——

Total		5,591		215		5,375


Amount in process for disposition		2,729

Note:

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, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Domestic offices (excluding loans booked at offshore markets)		67,786,568			(1,151,776	)		68,938,344
Manufacturing		10,215,674			623,563			9,592,111
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		160,285			3,699			156,586
Construction		870,812			34,087			836,725
Utilities		1,713,578			16,054			1,697,524
Communication and information services		1,293,595			34,941			1,258,654
Transport and postal activities		2,181,047			(57,613	)		2,238,660
Wholesale and retail		6,463,680			(228,740	)		6,692,420
Finance and insurance		7,812,077			(242,001	)		8,054,078
Real estate		8,725,621			(178,237	)		8,903,858
Goods rental and leasing		1,561,582			15,135			1,546,447
Services		2,629,602			(58,111	)		2,687,713
Municipal government		709,917			(83,314	)		793,231
Other industries (including loans to the Japanese government)		23,449,083			(1,031,241	)		24,480,324
Overseas offices and loans booked at offshore markets		24,277,570			1,712,070			22,565,499

Total		92,064,138			560,294			91,503,844

(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Total domestic consumer loans		16,741,672			(355,324	)		17,096,997
Housing loans		15,977,633			(370,069	)		16,347,702
Residential purpose		13,443,880			(104,571	)		13,548,451
Other		764,039			14,744			749,294
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Outstanding amount		38,276,757			(474,130	)		38,750,887
% to total domestic loans		56.46	%		0.25	%		56.21	%

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1)	Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Domestic offices (excluding loans booked at offshore markets)		57,554,839			(1,024,351	)		58,579,191
Manufacturing		8,106,809			617,362			7,489,447
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		155,590			3,839			151,751
Construction		739,693			9,618			730,075
Utilities		1,285,730			14,805			1,270,925
Communication and information services		1,036,229			62,093			974,136
Transport and postal activities		1,541,689			(39,640	)		1,581,329
Wholesale and retail		5,517,037			(144,909	)		5,661,946
Finance and insurance		6,070,828			(146,103	)		6,216,931
Real estate		6,870,334			(191,543	)		7,061,877
Goods rental and leasing		977,091			(908	)		977,999
Services		2,440,603			(59,305	)		2,499,908
Municipal government		697,383			(81,382	)		778,765
Other industries (including loans to the Japanese government)		22,115,823			(1,068,279	)		23,184,102
Overseas offices and loans booked at offshore markets		22,422,609			1,506,790			20,915,819

Total		79,977,449			482,439			79,495,010

(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Total domestic consumer loans		15,473,195			(363,914	)		15,837,110
Housing loans		14,716,405			(379,226	)		15,095,632
Residential purpose		12,387,203			(127,033	)		12,514,237
Other		756,789			15,312			741,477
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Outstanding amount		33,354,200			(437,022	)		33,791,222
% to total domestic loans		57.95	%		0.26	%		57.68	%

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1)	Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Domestic offices (excluding loans booked at offshore markets)		10,131,046			(128,429	)		10,259,475
Manufacturing		2,108,865			6,201			2,102,664
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		4,695			(140	)		4,835
Construction		131,119			24,469			106,650
Utilities		427,848			1,249			426,599
Communication and information services		257,366			(27,152	)		284,518
Transport and postal activities		636,299			(17,937	)		654,236
Wholesale and retail		946,643			(83,831	)		1,030,474
Finance and insurance		1,741,249			(95,898	)		1,837,147
Real estate		1,844,300			14,297			1,830,003
Goods rental and leasing		584,491			16,043			568,448
Services		188,992			1,197			187,795
Municipal government		7,040			(1,903	)		8,943
Other industries (including loans to the Japanese government)		1,252,128			34,975			1,217,153
Overseas offices and loans booked at offshore markets		1,854,960			205,280			1,649,679

Total		11,986,006			76,850			11,909,155


(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Total domestic consumer loans		1,256,053			9,751			1,246,302
Housing loans		1,248,947			10,286			1,238,661
Residential purpose		1,045,660			23,510			1,022,150
Other		7,106			(534	)		7,641

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Outstanding amount		4,830,429			(38,177	)		4,868,606
% to total domestic loans		47.67	%		0.22	%		47.45	%

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, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Domestic offices (excluding loans booked at offshore markets)		100,681			1,004			99,677
Manufacturing		—			—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		—			—			—
Communication and information services		—			—			—
Transport and postal activities		3,059			(36	)		3,095
Wholesale and retail		—			—			—
Finance and insurance		—			—			—
Real estate		10,987			(991	)		11,978
Goods rental and leasing		—			—			—
Services		7			(3	)		10
Municipal government		5,494			(29	)		5,523
Other industries (including loans to the Japanese government)		81,132			2,063			79,069
Overseas offices and loans booked at offshore markets		—			—			—

Total		100,681			1,004			99,677


(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Total domestic consumer loans		12,423			(1,160	)		13,584
Housing loans		12,280			(1,128	)		13,409
Residential purpose		11,016			(1,047	)		12,064
Other		143			(32	)		175

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Outstanding amount		92,128			1,069			91,059
% to total domestic loans		91.50	%		0.15	%		91.35	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2014 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Asia		7,858,748		759,532			7,099,216
Thailand		1,089,324		135,441			953,883
Indonesia		894,335		130,749			763,586
Malaysia		470,069		87,975			382,093
Philippines		177,909		12,037			165,872
South Korea		451,201		(19,740	)		470,942
Singapore		1,266,495		67,755			1,198,740
Hong Kong		1,950,187		181,485			1,768,701
China		172,803		18,785			154,017
Taiwan		328,558		56,864			271,693
Others		1,057,861		88,176			969,684
Latin America		3,379,274		465,767			2,913,506
Argentina		14,044		3,332			10,712
Brazil		539,455		121,085			418,369
Mexico		252,944		58,090			194,853
Caribbean countries		2,142,433		235,049			1,907,384
Others		430,397		48,209			382,188
North America		5,766,905		356,996			5,409,909
United States of America		5,487,954		346,203			5,141,751
Canada		278,951		10,793			268,158
Western Europe		4,609,193		205,254			4,403,939
United Kingdom		1,702,429		152,053			1,550,376
Germany		458,336		37,776			420,559
France		401,840		19,861			381,979
Netherlands		693,380		39,337			654,042
Spain		212,815		(59,603	)		272,419
Italy		252,316		3,597			248,718
Others		888,075		12,231			875,844
Eastern Europe		479,801		(55,854	)		535,655
Others		3,534,568		64,382			3,470,186

Total		25,628,492		1,796,078			23,832,414

Note:

In addition to the (non-consolidated basis) loan balance stated above, four major overseas subsidiaries have the following loan balances in the consolidated financial statements.

MUFG Americas Holdings Corporation : ¥7,243,746 million (a 136,910 million yen increase as compared with March 31, 2014.)

Bank of Ayudhya Public Company Limited : ¥2,087,690 million (a 20,446 million yen increase as compared with March 31, 2014.)

Bank of Tokyo-Mitsubishi UFJ (China), Ltd. : ¥1,333,360 million (a 84,505 million yen decrease as compared with March 31, 2014.)

Bank of Tokyo-Mitsubishi UFJ (Holland) N.V. : ¥648,451 million (a 101,116 million yen decrease as compared with March 31, 2014.)

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2014 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Deposits (ending balance)		131,749,071		(372,593	)		132,121,665
Deposits (average balance)		130,310,701		4,041,041			126,269,660
Loans (ending balance)		91,963,456		559,289			91,404,166
Loans (average balance)		92,979,825		3,990,185			88,989,640

BTMU Non-consolidated


	(in millions of yen)
	As of September 30, 2014 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Deposits (ending balance)		119,175,824		(460,698	)		119,636,522
Deposits (average balance)		117,793,513		3,900,738			113,892,775
Loans (ending balance)		79,977,449		482,439			79,495,010
Loans (average balance)		81,147,212		3,544,520			77,602,691

MUTB Non-consolidated


	(in millions of yen)
	As of September 30, 2014 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2014 (B)
Deposits (ending balance)		12,573,246		88,104		12,485,142
Deposits (average balance)		12,517,188		140,303		12,376,884
Loans (ending balance)		11,986,006		76,850		11,909,155
Loans (average balance)		11,832,613		445,664		11,386,949

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of September 30, 2014 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Individuals		69,286,340		419,046			68,867,293
Corporations and others		45,157,533		(567,039	)		45,724,572
Domestic deposits		114,443,873		(147,992	)		114,591,866

Note:

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

BTMU Non-consolidated


	(in millions of yen)
	As of September 30, 2014 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Individuals		61,044,694		476,273			60,568,421
Corporations and others		42,049,237		(633,576	)		42,682,813
Domestic deposits		103,093,931		(157,303	)		103,251,234

Note:

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

MUTB Non-consolidated


	(in millions of yen)
	As of September 30, 2014 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Individuals		8,241,646		(57,226	)		8,298,872
Corporations and others		3,108,296		66,537			3,041,758
Domestic deposits		11,349,942		9,310			11,340,631

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, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Deferred tax assets		588.0			0.4			587.6
Allowance for credit losses		268.7			(25.3	)		294.1
Write-down on investment securities		122.0			(7.1	)		129.2
Unrealized losses on other securities		21.9			(5.3	)		27.2
Reserve for retirement benefits		115.8			21.3			94.4
Other		227.2			1.3			225.9
Valuation allowance		(167.7	)		15.5			(183.3	)
Deferred tax liabilities		912.8			255.7			657.0
Unrealized gains on other securities		687.4			216.6			470.7
Net deferred gains on hedges		62.8			38.6			24.1
Revaluation gains on securities upon merger		73.3			2.6			70.6
Gains on securities contributed to employee retirement benefits trust		58.0			0.0			58.0
Other		31.2			(2.2	)		33.4
Net deferred tax assets		(324.7	)		(255.3	)		(69.3	)

(2)	Net business profits before provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2009			FY2010			FY2011			FY2012			FY2013			Interim FY2014
Net business profits before provision for general allowance for credit losses		863.1			1,006.5			1,022.8			1,001.5			855.9			490.6
Total credit costs		(337.8	)		(166.1	)		(125.3	)		(56.6	)		17.0			66.9
Income before income taxes		460.1			674.4			739.5			877.4			984.7			511.0
Reconciliation to taxable income		(3.7	)		(24.0	)		(305.1	)		(561.4	)		(336.2	)		(108.3	)
Taxable income		456.3			650.3			434.3			316.0			648.5			402.6

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

We are classified as “2” because we are considered to be a company showing stable financial performance.

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, 2014 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Deferred tax assets		49.0			6.8			42.2
Gains on securities related to employees’ retirement benefits trust		15.1			0.6			14.5
Deferred losses on hedging instruments		15.1			4.9			10.2
Write-down on investment securities		12.4			(1.3	)		13.7
Allowance for credit losses		12.4			(2.1	)		14.5
Other		37.0			2.0			34.9
Valuation allowance		(43.1	)		2.6			(45.8	)
Deferred tax liabilities		272.6			68.9			203.6
Unrealized gains on other securities		221.0			67.5			153.4
Reserve for retirement benefits		39.4			1.7			37.6
Other		12.1			(0.3	)		12.5
Net deferred tax assets		(223.5	)		(62.1	)		(161.4	)

(2)	Net business profits before credit costs for trust accounts and provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2009			FY2010			FY2011			FY2012			FY2013			Interim FY2014
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		110.2			150.4			148.1			162.2			162.9			88.9
Total credit costs		(23.7	)		(8.0	)		(9.2	)		(8.6	)		18.0			9.3
Income before income taxes		52.0			101.9			113.5			173.5			184.4			105.5
Reconciliation to taxable income		23.3			(80.1	)		(30.2	)		(84.9	)		(94.3	)		(27.5	)
Taxable income		75.3			21.7			83.3			88.6			90.1			77.9

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

We are classified as “2” because we are considered to be a company showing stable financial performance.

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of the end of September 2014 is outlined below. (Figures are on a managerial basis and rounded off to billion yen or to the second decimal point of trillion yen)

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

•

The balance as of the end of September 2014 was ¥3.03 trillion in total, an increase of ¥0.10 trillion from the balance as of the end of March 2014, mainly due to increases in CLOs, other securitized product and CMBS.

•

Net unrealized losses were ¥15 billion, improved by ¥13 billion compared to the end of March 2014.

•

P/L impact for the quarter ended September 30, 2014 was limited (¥(0.3) billion).


		(¥bn)
												of which securities being held to maturity²
		Balance¹		Change from end of March 2014			Net unrealized gains (losses)			Change from end of March 2014		Balance		Net unrealized gains (losses)
1	RMBS		22		(2	)		4			0		0		0
2	Sub-prime RMBS		0		0			0			0		0		0
3	CMBS		394		11			(9	)		4		200		(6	)
4	CLOs		2,550		79			(12	)		8		1,785		(7	)
5	Other securitized products (card, etc.)		67		14			2			1		19		0
6	CDOs		0		0			0			0		0		0
7	Sub-prime ABS CDOs		0		0			0			0		0		0
8	SIV		0		0			0			0		0		0

9	Total		3,033		103			(15	)		13		2,004		(13	)

1.	Balance is the amount after impairment and before deducting net unrealized gains (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 85% of our investments in securitized products as of the end of September 2014, an increase of 5 percentage point compared with the end of March 2014, mainly due to an increase in highly rated CLOs.

•

AAA and AA-rated products accounted for 98% of our investments in securitized products.


		(¥bn)
		AAA			AA			A			BBB			BB or lower			Unrated			Total
10	RMBS		2			3			0			11			5			0			22
11	Sub-prime RMBS		0			0			0			0			0			0			0
12	CMBS		166			228			0			0			0			0			394
13	CLOs		2,386			149			13			3			0			0			2,550
14	Other securitized products (card, etc.)		21			22			0			0			0			23			67
15	CDOs		0			0			0			0			0			0			0
16	Sub-prime ABS CDOs		0			0			0			0			0			0			0
17	SIV		0			0			0			0			0			0			0

18	Total		2,575			402			13			14			6			23			3,033

19	Percentage of total		85	%		13	%		0	%		0	%		0	%		1	%		100	%
20	Percentage of total (End of March 2014)		80	%		18	%		1	%		1	%		0	%		0	%		100	%

Mitsubishi UFJ Financial Group, Inc.

[Credit exposure related to leveraged loan (LBO loan)]

•

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

•

The following table shows the balances of LBO loans as of the end of September 2014.


		(¥bn)
		Americas		Europe		Asia		Japan		Total		Change from end of March 2014
21	LBO Loan³ (Balance on a commitment basis)		20		118		0		233		372		36
22	Balance on a booking basis		8		89		0		209		306		29

³ 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 2014 was ¥4.11 trillion (including ¥1.91 trillion in overseas).

•

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

End


RMBS	:	Asset-backed securities collateralized by residential mortgages
CMBS	:	Asset-backed securities collateralized by commercial mortgages
CLOs	:	Collateralized loan 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 Purposed Company (SPC) collateralized by receivables

Mitsubishi UFJ Financial Group, Inc.

2. Financial Statements

BTMU Non-consolidated

(1)	Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2014			As of September 30, 2014
Assets:
Cash and due from banks		20,351,570			25,416,611
Call loans		250,480			276,381
Receivables under resale agreements		408,020			235,510
Receivables under securities borrowing transactions		2,692,329			517,951
Monetary claims bought		3,167,447			3,432,264
Trading assets		4,820,098			4,999,386
Money held in trust		61,589			69,259
Securities		56,790,753			54,659,402
Loans and bills discounted		79,495,010			79,977,449
Foreign exchanges		1,969,809			2,201,223
Other assets		4,954,602			5,709,481
Tangible fixed assets		863,197			862,855
Intangible fixed assets		390,164			398,410
Prepaid pension costs		273,812			220,246
Customers’ liabilities for acceptances and guarantees		5,854,841			6,541,040
Allowance for credit losses		(651,662	)		(540,830	)

Total assets		181,692,063			184,976,644

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2014			As of September 30, 2014
Liabilities:
Deposits		119,636,522			119,175,824
Negotiable certificates of deposit		10,507,938			11,550,513
Call money		1,774,023			1,939,207
Payables under repurchase agreements		10,273,695			7,495,921
Payables under securities lending transactions		2,048,950			1,444,419
Commercial papers		940,728			1,137,589
Trading liabilities		3,323,941			4,121,999
Borrowed money		9,505,089			11,082,563
Foreign exchanges		1,070,165			1,310,267
Bonds payable		4,202,748			4,587,900
Other liabilities		2,867,300			4,315,879
Reserve for bonuses		17,704			17,561
Reserve for bonuses to directors		147			47
Reserve for retirement benefits		7,238			7,861
Reserve for loyalty award credits		1,121			1,335
Reserve for contingent losses		42,057			66,171
Deferred tax liabilities		69,390			324,782
Deferred tax liabilities for land revaluation		149,763			149,353
Acceptances and guarantees		5,854,841			6,541,040

Total liabilities		172,293,369			175,270,241

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		2,907,680			3,087,366
Revenue reserve		190,044			190,044
Other retained earnings		2,717,635			2,897,322
Funds for retirement benefits		2,432			2,432
Other reserve		718,196			718,196
Earned surplus brought forward		1,997,006			2,176,693
Treasury stock		(255,700	)		(645,700	)

Total shareholders’ equity		8,242,213			8,031,900

Net unrealized gains (losses) on other securities		889,003			1,337,899
Net deferred gains (losses) on hedging instruments		42,858			112,725
Land revaluation excess		224,619			223,878

Total valuation and translation adjustments		1,156,480			1,674,503

Total net assets		9,398,694			9,706,403

Total liabilities and net assets		181,692,063			184,976,644

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, 2013		For the six months ended September 30, 2014
Ordinary income		1,431,853		1,496,665
Interest income		734,411		801,444
Interest on loans and bills discounted		482,715		490,208
Interest and dividends on securities		197,739		244,386
Fees and commissions		299,646		323,680
Trading income		54,046		55,939
Other business income		216,245		196,847
Other ordinary income		127,502		118,752
Ordinary expenses		976,685		949,412
Interest expenses		171,883		176,324
Interest on deposits		47,558		52,384
Fees and commissions		72,153		76,761
Trading expenses		1,197		628
Other business expenses		93,576		44,673
General and administrative expenses		562,291		602,862
Other ordinary expenses		75,582		48,161

Ordinary profits		455,168		547,253

Extraordinary gains		4,752		707
Extraordinary losses		29,391		36,919

Income before income taxes		430,529		511,041

Income taxes-current		115,148		138,988
Income taxes-deferred		45,418		17,594

Total taxes		160,567		156,582

Net income		269,962		354,458

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1)	Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2014			As of September 30, 2014
Assets:
Cash and due from banks		1,480,594			4,433,816
Call loans		326,754			213,300
Monetary claims bought		15,603			9,668
Trading assets		316,744			373,115
Money held in trust		13,799			14,323
Securities		14,974,915			15,679,062
Loans and bills discounted		11,909,155			11,986,006
Foreign exchanges		7,742			21,204
Other assets		632,798			864,188
Tangible fixed assets		152,478			149,191
Intangible fixed assets		52,025			53,348
Prepaid pension costs		224,581			229,583
Customers’ liabilities for acceptances and guarantees		223,905			261,505
Allowance for credit losses		(36,821	)		(27,351	)

Total assets		30,294,278			34,260,963

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2014			As of September 30, 2014
Liabilities:
Deposits		12,485,142			12,573,246
Negotiable certificates of deposit		4,904,701			5,355,071
Call money		720,541			1,184,444
Payables under repurchase agreements		4,756,689			4,872,177
Payables under securities lending transactions		1,344,692			2,972,730
Commercial papers		266,840			428,134
Trading liabilities		78,403			100,260
Borrowed money		1,235,202			1,452,987
Foreign exchanges		291			337
Bonds payable		430,292			476,000
Due to trust accounts		1,401,922			1,576,074
Other liabilities		446,504			789,022
Reserve for bonuses		4,415			4,222
Reserve for bonuses to directors		77			22
Reserve for contingent losses		12,641			7,395
Deferred tax liabilities		161,438			223,550
Deferred tax liabilities for land revaluation		5,262			5,211
Acceptances and guarantees		223,905			261,505

Total liabilities		28,478,966			32,282,396

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		802,540			844,978
Revenue reserve		73,714			73,714
Other retained earnings		728,826			771,264
Funds for retirement benefits		710			710
Other reserve		138,495			138,495
Earned surplus brought forward		589,621			632,059

Total shareholders’ equity		1,539,134			1,581,572

Net unrealized gains (losses) on other securities		301,487			428,663
Net deferred gains (losses) on hedging instruments		(18,503	)		(27,408	)
Land revaluation excess		(6,806	)		(4,260	)

Total valuation and translation adjustments		276,177			396,994

Total net assets		1,815,312			1,978,567

Total liabilities and net assets		30,294,278			34,260,963

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, 2013		For the six months ended September 30, 2014
Ordinary income		276,011		268,808
Trust fees		39,093		42,402
Interest income		101,188		114,163
Interest on loans and bills discounted		47,389		45,673
Interest and dividends on securities		51,629		65,577
Fees and commissions		59,107		60,424
Trading income		1,800		17,306
Other business income		49,276		8,225
Other ordinary income		25,544		26,286
Ordinary expenses		188,860		158,643
Interest expenses		28,797		30,894
Interest on deposits		11,945		10,919
Fees and commissions		13,355		14,934
Trading expenses		476		—
Other business expenses		47,876		16,559
General and administrative expenses		92,559		92,918
Other ordinary expenses		5,794		3,337

Ordinary profits		87,151		110,164

Extraordinary gains		270		18
Extraordinary losses		416		4,622

Income before income taxes		87,005		105,560

Income taxes-current		15,156		31,309
Income taxes-deferred		9,214		913

Total taxes		24,371		32,223

Net income		62,633		73,336

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 March 31, 2014		As of September 30, 2014
Assets:
Loans and bills discounted		99,677		100,681
Securities		55,572,673		55,425,604
Beneficiary rights to the trust		43,107,562		45,296,472
Securities held in custody accounts		2,979,912		3,428,319
Monetary claims		11,307,556		10,855,011
Tangible fixed assets		9,804,352		10,279,303
Intangible fixed assets		206,970		189,201
Other claims		5,202,507		4,885,529
Call loans		1,988,311		1,986,508
Due from banking account		1,945,120		2,492,369
Cash and due from banks		2,402,507		2,742,869

Total		134,617,151		137,681,871

Liabilities:
Money trusts		21,176,266		20,400,269
Pension trusts		13,945,101		14,883,047
Property formation benefit trusts		9,871		8,815
Investment trusts		42,523,279		44,821,745
Money entrusted other than money trusts		2,770,558		3,170,250
Securities trusts		5,070,063		4,999,110
Monetary claim trusts		11,298,129		10,564,297
Equipment trusts		34,924		38,099
Land and fixtures trusts		83,043		83,139
Composite trusts		37,705,915		38,713,095

Total		134,617,151		137,681,871

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 trust” with contracts indemnifying the principal amounts

(including trusts for which beneficiary interests are re-entrusted)


(in millions of yen)	As of March 31, 2014		As of September 30, 2014
Assets:
Loans and bills discounted		31,782		28,940
Securities		68,484		108,542
Other		1,226,192		1,415,629

Total		1,326,459		1,553,112

Liabilities:
Principal		1,324,411		1,532,345
Allowance for bad debts		95		86
Other		1,953		20,680

Total		1,326,459		1,553,112

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(4)	Major Items


(in millions of yen)	As of March 31, 2014		As of September 30, 2014
Total funds		52,521,082		53,220,450
Deposits		12,485,142		12,573,246
Negotiable certificates of deposit		4,904,701		5,355,071
Money trusts		21,176,266		20,400,269
Pension trusts		13,945,101		14,883,047
Property formation benefit trusts		9,871		8,815

Loans and bills discounted		12,008,833		12,086,688

Banking account		11,909,155		11,986,006
Trust account		99,677		100,681

Investment securities		70,547,588		71,104,666

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.