Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

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

the Securities Exchange Act of 1934

For the month of August 2018

Commission File No. 000-54189

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

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

Tokyo 100-8330, Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or

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

Form 20-F X Form 40-F

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

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

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

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

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

SIGNATURES

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

Date: August 2, 2018


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Zenta Morokawa
Name:		Zenta Morokawa
Title:		Managing Director, Head of Documentation & Corporate Secretary Department, Corporate Administration Division

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the three months ended June 30, 2018

August 2, 2018


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		https://www.mufg.jp/
Representative:		Nobuyuki Hirano, President & Group CEO
For inquiry:		Kazutaka Yoneda, Managing Director, Head of Financial Accounting Office, Financial Planning Division
		TEL (03) 3240-3110
Quarterly securities report issuing date:		August 14, 2018
Dividend payment date:		-
Trading accounts:		Established
Supplemental information for quarterly financial statements:		Available
Quarterly investor meeting presentation:		None

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

1. Consolidated Financial Data for the Three Months ended June 30, 2018

(1)	Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income				Ordinary Profits				Profits Attributable to Owners of Parent
	million yen		%		million yen		%		million yen		%
Three months ended
June 30, 2018		1,641,660		8.9		419,814		5.6		315,000		9.0
June 30, 2017		1,507,440		8.5		397,476		16.6		289,025		53.0

(*)	Comprehensive income

June 30, 2018: (31,018) million yen, - % ; June 30, 2017: 295,194 million yen, - %


	Basic earnings per share		Diluted earnings per share
	yen		yen
Three months ended
June 30, 2018		23.99		23.90
June 30, 2017		21.59		21.50

(2)	Financial Conditions


	Total Assets		Total Net Assets		Equity-to-asset ratio (*)
	million yen		million yen		%
As of
June 30, 2018		299,107,498		17,055,660		5.3
March 31, 2018		306,937,415		17,295,037		5.2

(Reference) Shareholders’ equity as of June 30, 2018: 15,778,180 million yen; March 31, 2018: 16,024,639 million yen

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

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

2. Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
	yen		yen		yen		yen		yen
Fiscal year
ended March 31, 2018		—		9.00		—		10.00		19.00
ending March 31, 2019		—
ending March 31, 2019 (Forecast)				10.00		—		10.00		20.00

(*)	Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : None

3. Earnings Target for the Fiscal Year ending March 31, 2019 (Consolidated)

MUFG has the target of 850.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2019.

(There is no change to our earnings target released on May 15, 2018.)

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

ø Notes

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

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

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

(A) Changes in accounting policies due to revision of accounting standards: No

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

(D) Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	June 30, 2018	13,900,028,020 shares
	March 31, 2018	13,900,028,020 shares
(B) Treasury stocks:	June 30, 2018	821,341,811 shares
	March 31, 2018	737,138,211 shares
(C) Average outstanding stocks:	Three months ended June 30, 2018	13,132,250,686 shares
	Three months ended June 30, 2017	13,389,288,019 shares

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

ø Notes for using forecasted information etc.

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

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

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


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

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Three Months Ended June 30, 2018”

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2018			As of June 30, 2018
Assets:
Cash and due from banks		74,713,689			74,183,577
Call loans and bills bought		482,285			380,335
Receivables under resale agreements		5,945,875			9,514,157
Receivables under securities borrowing transactions		9,266,996			3,031,996
Monetary claims bought		5,529,619			5,665,534
Trading assets		15,247,156			15,503,412
Money held in trust		943,153			972,795
Securities		59,266,170			55,874,733
Loans and bills discounted		108,090,994			108,313,921
Foreign exchanges		2,942,499			2,440,996
Other assets		12,176,023			11,252,395
Tangible fixed assets		1,369,977			1,371,841
Intangible fixed assets		1,246,676			1,225,680
Net defined benefit assets		874,106			913,879
Deferred tax assets		89,172			94,557
Customers’ liabilities for acceptances and guarantees		9,560,158			9,134,252
Allowance for credit losses		(807,139	)		(766,570	)

Total assets		306,937,415			299,107,498

Liabilities:
Deposits		177,312,310			175,683,242
Negotiable certificates of deposit		9,854,742			8,210,451
Call money and bills sold		2,461,088			2,105,515
Payables under repurchase agreements		18,088,513			18,312,456
Payables under securities lending transactions		8,156,582			4,501,946
Commercial papers		2,181,995			3,003,861
Trading liabilities		10,898,924			10,862,512
Borrowed money		16,399,502			16,237,114
Foreign exchanges		2,037,524			2,614,731
Short-term bonds payable		847,299			655,999
Bonds payable		10,706,252			11,011,643
Due to trust accounts		10,382,479			10,072,215
Other liabilities		9,270,887			8,280,229
Reserve for bonuses		86,581			28,996
Reserve for bonuses to directors		620			117
Reserve for stocks payment		11,607			11,653
Net defined benefit liabilities		59,033			58,043
Reserve for retirement benefits to directors		1,088			827
Reserve for loyalty award credits		17,836			18,037
Reserve for contingent losses		318,002			283,107
Reserves under special laws		4,319			4,266
Deferred tax liabilities		867,919			843,977
Deferred tax liabilities for land revaluation		117,104			116,639
Acceptances and guarantees		9,560,158			9,134,252

Total liabilities		289,642,377			282,051,838

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2018			As of June 30, 2018
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		1,196,803			1,196,752
Retained earnings		10,064,649			10,245,686
Treasury stock		(522,158	)		(581,374	)

Total shareholders’ equity		12,880,807			13,002,576

Net unrealized gains (losses) on available-for-sale securities		2,388,234			2,293,081
Net deferred gains (losses) on hedging instruments		59,360			31,007
Land revaluation excess		170,239			169,546
Foreign currency translation adjustments		499,557			230,952
Remeasurements of defined benefit plans		62,182			72,908
Debt value adjustments of foreign subsidiaries and affiliates		(35,743	)		(21,892	)

Total accumulated other comprehensive income		3,143,832			2,775,603

Subscription rights to shares		274			217
Non-controlling interests		1,270,123			1,277,262

Total net assets		17,295,037			17,055,660

Total liabilities and net assets		306,937,415			299,107,498

Mitsubishi UFJ Financial Group, Inc.

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

Consolidated Statements of Income


(in millions of yen)	For the three months ended June 30, 2017			For the three months ended June 30, 2018
Ordinary income		1,507,440			1,641,660
Interest income		729,642			871,720
Interest on loans and bills discounted		490,814			558,127
Interest and dividends on securities		133,483			164,431
Trust fees		28,131			30,839
Fees and commissions		352,881			368,218
Trading income		65,792			53,712
Other operating income		181,490			101,352
Other ordinary income		149,501			215,817
Ordinary expenses		1,109,963			1,221,845
Interest expenses		267,099			391,225
Interest on deposits		91,794			127,564
Fees and commissions		53,358			55,659
Trading expenses		293			268
Other operating expenses		32,847			35,779
General and administrative expenses		672,808			670,019
Other ordinary expenses		83,557			68,894

Ordinary profits		397,476			419,814

Extraordinary gains		1,344			7,625
Gains on disposition of fixed assets		1,285			7,571
Reversal of reserve for contingent liabilities from financial instruments transactions		59			53
Extraordinary losses		22,335			21,711
Losses on disposition of fixed assets		2,386			1,508
Losses on impairment of fixed assets		379			4,362
Losses on change in equity		19,569			15,223
Losses on sales of shares of affiliates		—			616

Profits before income taxes		376,485			405,728

Income taxes-current		78,658			52,521
Income taxes-deferred		(16,268	)		12,850

Total taxes		62,390			65,372

Profits		314,095			340,355

Profits attributable to non-controlling interests		25,070			25,355

Profits attributable to owners of parent		289,025			315,000

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the three months ended June 30, 2017			For the three months ended June 30, 2018
Profits		314,095			340,355
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		146,720			(83,283	)
Net deferred gains (losses) on hedging instruments		(37,513	)		(28,422	)
Land revaluation excess		(0	)		—
Foreign currency translation adjustments		(85,580	)		(125,714	)
Remeasurements of defined benefit plans		13,080			9,635
Share of other comprehensive income of associates accounted for using equity method		(55,606	)		(143,589	)

Total other comprehensive income		(18,900	)		(371,374	)

Comprehensive income		295,194			(31,018	)

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		269,201			(51,689	)
Comprehensive income attributable to non-controlling interests		25,993			20,671

Mitsubishi UFJ Financial Group, Inc.

(3) Notes on Going-Concern Assumption

None.

(4) Notes for Material Changes in Shareholders’ Equity

None.

Selected Financial Information

under Japanese GAAP

For the Three Months Ended June 30, 2018


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


1. Financial Results	[ MUFG Consolidated ]1[ BK and TB Combined ]234 [ BK Non-consolidated ][ TB Non-consolidated ]	1

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

3. Securities	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	6

4. ROE	[ MUFG Consolidated ]	9

5. Average Interest Rate Spread	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	10

6. Loans and Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	11

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

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

(*2)	“BK” means MUFG Bank. Ltd.

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

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

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2018 (A)			June 30, 2017 (B)			Increase (Decrease) (A) - (B)
Gross profits		942,959			1,004,347			(61,388	)
Gross profits before credit costs for trust accounts		942,959			1,004,347			(61,388	)
Net interest income		480,543			462,550			17,993
Trust fees		30,839			28,131			2,707
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		312,559			299,523			13,036
Net trading profits		53,444			65,498			(12,054	)
Net other operating profits		65,573			148,643			(83,070	)
Net gains (losses) on debt securities		22,539			91,215			(68,676	)
General and administrative expenses		656,587			655,262			1,325
Amortization of goodwill		4,261			4,244			17
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		290,633			353,329			(62,696	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		286,371			349,085			(62,714	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits*		286,371			349,085			(62,714	)
Net non-recurring gains (losses)		133,443			48,391			85,051
Credit costs (3)		(27,192	)		(59,378	)		32,186
Losses on loan write-offs		(27,201	)		(33,597	)		6,395
Provision for specific allowance for credit losses		—			—			—
Other credit costs		9			(25,781	)		25,790
Reversal of allowance for credit losses (4)		17,562			18,792			(1,229	)
Reversal of reserve for contingent losses included in credit costs (5)		18,737			—			18,737
Gains on loans written-off (6)		15,451			20,500			(5,048	)
Net gains (losses) on equity securities		62,395			24,266			38,129
Gains on sales of equity securities		67,314			31,120			36,194
Losses on sales of equity securities		(3,197	)		(3,463	)		266
Losses on write-down of equity securities		(1,721	)		(3,389	)		1,668
Equity in earnings of equity method investees		84,488			68,021			16,466
Other non-recurring gains (losses)		(38,000	)		(23,811	)		(14,189	)

Ordinary profits		419,814			397,476			22,337

Net extraordinary gains (losses)		(14,086	)		(20,991	)		6,904
Losses on change in equity		(15,223	)		(19,569	)		4,346
Profits before income taxes		405,728			376,485			29,242
Income taxes-current		52,521			78,658			(26,136	)
Income taxes-deferred		12,850			(16,268	)		29,119
Total taxes		65,372			62,390			2,982
Profits		340,355			314,095			26,260
Profits attributable to non-controlling interests		25,355			25,070			285

Profits attributable to owners of parent		315,000			289,025			25,974

Note:
* Net operating profits = Banking subsidiaries’ net operating profits + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		24,560			(20,085	)		44,645

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the three months ended						Increase (Decrease) (A) - (B)
	June 30, 2018 (A)			June 30, 2017 (B)			Increase (Decrease) (A) - (B)
Gross profits		499,659			576,188			(76,529	)
Gross profits before credit costs for trust accounts		499,659			576,188			(76,529	)
Net interest income		281,178			281,212			(34	)
Trust fees		24,532			21,753			2,778
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		121,370			117,208			4,161
Net trading profits		9,816			21,456			(11,639	)
Net other operating profits		62,761			134,556			(71,794	)
Net gains (losses) on debt securities		23,874			93,290			(69,415	)
General and administrative expenses		331,552			333,523			(1,970	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		168,106			242,665			(74,558	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		168,106			242,665			(74,558	)
Net non-recurring gains (losses)		89,806			15,229			74,576
Credit costs (3)		(3,498	)		(36,838	)		33,340
Losses on loan write-offs		(3,457	)		(11,137	)		7,680
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(41	)		(25,701	)		25,659
Reversal of allowance for credit losses (4)		29,001			42,854			(13,852	)
Reversal of reserve for contingent losses included in credit costs (5)		18,695			—			18,695
Gains on loans written-off (6)		3,968			7,396			(3,427	)
Net gains (losses) on equity securities		59,905			22,065			37,839
Gains on sales of equity securities		65,778			29,102			36,676
Losses on sales of equity securities		(3,281	)		(3,702	)		421
Losses on write-down of equity securities		(2,592	)		(3,334	)		741
Other non-recurring gains (losses)		(18,266	)		(20,248	)		1,982

Ordinary profits		257,912			257,894			18

Net extraordinary gains (losses)		10,302			(1,299	)		11,601
Income before income taxes		268,215			256,595			11,619
Income taxes-current		36,348			60,033			(23,685	)
Income taxes-deferred		10,493			440			10,052
Total taxes		46,841			60,474			(13,632	)

Net income		221,373			196,120			25,252


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		48,167			13,412			34,755

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the three months ended						Increase
	June 30, 2018 (A)			June 30, 2017 (B)			(Decrease) (A) - (B)
Gross profits		402,576			460,911			(58,334	)
Net interest income		230,290			227,454			2,836
Net fees and commissions		100,747			92,999			7,747
Net trading profits		3,292			15,745			(12,453	)
Net other operating profits		68,246			124,712			(56,465	)
Net gains (losses) on debt securities		23,100			80,899			(57,799	)
General and administrative expenses		284,921			284,118			803
Amortization of goodwill		88			90			(1	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		117,743			176,883			(59,139	)
Net operating profits before provision for general allowance for credit losses		117,654			176,792			(59,137	)
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits		117,654			176,792			(59,137	)
Net non-recurring gains (losses)		92,069			(650	)		92,719
Credit costs (2)		(3,324	)		(29,528	)		26,203
Reversal of allowance for credit losses (3)		27,284			28,809			(1,525	)
Reversal of reserve for contingent losses included in credit costs (4)		18,695			—			18,695
Gains on loans written-off (5)		3,964			7,043			(3,079	)
Net gains (losses) on equity securities		58,698			10,297			48,400
Gains on sales of equity securities		64,013			15,795			48,217
Losses on sales of equity securities		(2,784	)		(2,293	)		(491	)
Losses on write-down of equity securities		(2,530	)		(3,204	)		674
Other non-recurring gains (losses)		(13,249	)		(17,273	)		4,024

Ordinary profits		209,723			176,142			33,581

Net extraordinary gains (losses)		(5,121	)		(1,167	)		(3,953	)
Income before income taxes		204,602			174,974			29,628
Income taxes-current		37,691			50,540			(12,849	)
Income taxes-deferred		(6,128	)		(6,521	)		393
Total taxes		31,562			44,019			(12,456	)

Net income		173,039			130,955			42,084


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		46,620			6,325			40,294
Provision for general allowance for credit losses		5,860			42,029			(36,168	)
Provision for special allowance for credit losses		21,503			(13,186	)		34,690
Allowance for credit to specific foreign borrowers		(80	)		(33	)		(46	)
Losses on loans write-off		(3,457	)		(11,137	)		7,680
Provision for contingent losses included in credit costs		18,695			(16,903	)		35,599
Gains on loans written-off		3,964			7,043			(3,079	)
Losses on sales of other loans, etc.		132			(1,486	)		1,619

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the three months ended						Increase
	June 30, 2018 (A)			June 30, 2017 (B)			(Decrease) (A) - (B)
Gross profits		97,082			115,277			(18,194	)
Gross profits before credit costs for trust accounts		97,082			115,277			(18,194	)
Trust fees		24,532			21,753			2,778
Credit costs for trust accounts (1)		—			—			—
Net interest income		50,887			53,758			(2,870	)
Net fees and commissions		20,622			24,208			(3,585	)
Net trading profits		6,524			5,711			813
Net other operating profits		(5,484	)		9,844			(15,329	)
Net gains (losses) on debt securities		774			12,390			(11,616)
General and administrative expenses		46,630			49,404			(2,773	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		50,451			65,872			(15,420	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		50,451			65,872			(15,420	)
Net non-recurring gains (losses)		(2,262	)		15,879			(18,142	)
Credit costs (3)		(173	)		(7,310	)		7,136
Reversal of allowance for credit losses (4)		1,717			14,045			(12,327	)
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		4			352			(348	)
Net gains (losses) on equity securities		1,206			11,768			(10,561	)
Gains on sales of equity securities		1,765			13,307			(11,541	)
Losses on sales of equity securities		(496	)		(1,409	)		912
Losses on write-down of equity securities		(62	)		(129	)		67
Other non-recurring gains (losses)		(5,017	)		(2,975	)		(2,042	)

Ordinary profits		48,189			81,752			(33,563	)

Net extraordinary gains (losses)		15,423			(131	)		15,555
Income before income taxes		63,612			81,620			(18,008	)
Income taxes-current		(1,343	)		9,492			(10,836	)
Income taxes-deferred		16,622			6,962			9,659
Total taxes		15,278			16,455			(1,176	)

Net income		48,333			65,165			(16,831	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		1,547			7,086			(5,539	)
Credit costs for trust accounts		—			—			—
Provision for general allowance for credit losses		1,704			14,005			(12,300	)
Provision for special allowance for credit losses		12			39			(27	)
Allowance for credit to specific foreign borrowers		—			0			(0	)
Losses on loans write-offs		—			—			—
Provision for contingent losses included in credit costs		(173	)		(7,310	)		7,136
Gains on loans written-off		4			352			(348	)
Losses on sales of other loans, etc.		—			—			—

Mitsubishi UFJ Financial Group, Inc.

2. Non Performing Loans Based on the Financial Reconstruction Law

BK and TB Combined including Trust Account


	(in millions of yen)
	As of June 30, 2018			As of March 31, 2018
Bankrupt or De facto Bankrupt		106,508			118,812
Doubtful		297,830			344,145
Special Attention		427,426			462,747
Non Performing Loans		831,764			925,704
Total loans		105,175,283			104,665,778
Non Performing Loans / Total loans		0.79	%		0.88	%
BK Non-consolidated
	(in millions of yen)
	As of June 30, 2018			As of March 31, 2018
Bankrupt or De facto Bankrupt		105,736			117,413
Doubtful		293,960			338,442
Special Attention		423,300			434,940
Non Performing Loans		822,996			890,796
Total loans		99,924,762			89,765,097
Non Performing Loans / Total loans		0.82	%		0.99	%
TB Non-consolidated
	(in millions of yen)
	As of June 30, 2018			As of March 31, 2018
Bankrupt or De facto Bankrupt		771			1,395
Doubtful		3,795			5,619
Special Attention		4,000			27,661
Non Performing Loans		8,568			34,676
Total loans		5,234,991			14,884,494
Non Performing Loans / Total loans		0.16	%		0.23	%
TB Non-consolidated: Trust Account
	(in millions of yen)
	As of June 30, 2018			As of March 31, 2018
Bankrupt or De facto Bankrupt		0			3
Doubtful		74			83
Special Attention		124			144
Non Performing Loans		199			232
Total loans		15,530			16,186
Non Performing Loans / Total loans		1.28	%		1.43	%

Mitsubishi UFJ Financial Group, Inc.

3. Securities

MUFG Consolidated

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

(in millions of yen)

As of June 30, 2018

As of March 31, 2018

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Debt securities being held to maturity

3,810,472

21,869

3,593,058

37,990

(in millions of yen)

As of June 30, 2018

As of March 31, 2018

Amount on
consolidated
balance sheet

Differences

Amount on
consolidated
balance sheet

Differences

Available-for-sale securities

51,928,795

3,435,564

55,397,324

3,517,412

Domestic equity securities

5,627,716

3,323,735

5,541,043

3,220,193

Domestic bonds

24,862,656

286,263

26,980,627

305,519

Other

21,438,422

(174,434

)

22,875,652

(8,300

)

Foreign equity securities

254,691

(34,984

)

334,540

35,975

Foreign bonds

15,663,842

(207,177

)

17,448,342

(139,099

)

Other

5,519,888

67,727

5,092,769

94,823

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

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

(in millions of yen)

As of June 30, 2018

As of March 31, 2018

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

1,818,351

40,859

1,909,933

44,573

Stocks of subsidiaries and affiliates

932,607

1,037

932,607

105,350

(in millions of yen)

As of June 30, 2018

As of March 31, 2018

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

36,677,728

2,717,817

38,764,391

2,757,167

Domestic equity securities

4,558,219

2,591,128

4,497,191

2,517,171

Domestic bonds

21,903,322

260,825

23,610,239

273,943

Other

10,216,187

(134,136

)

10,656,960

(33,947

)

Foreign equity securities

155,301

(18,827

)

229,935

40,051

Foreign bonds

6,969,463

(87,196

)

7,663,006

(56,832

)

Other

3,091,421

(28,112

)

2,764,018

(17,166

)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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

(in millions of yen)

As of June 30, 2018

As of March 31, 2018

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Debt securities being held to maturity

658,034

3,414

494,365

2,702

Stocks of subsidiaries and affiliates

39,521

1,150

7,190

413

(in millions of yen)

As of June 30, 2018

As of March 31, 2018

Amount on
balance sheet

Differences

Amount on
balance sheet

Differences

Available-for-sale securities

11,813,941

726,564

12,874,815

745,891

Domestic equity securities

1,123,879

674,112

1,093,627

640,863

Domestic bonds

3,064,655

24,655

3,471,719

30,690

Other

7,625,406

27,797

8,309,468

74,338

Foreign equity securities

79,996

(22,507

)

91,065

(11,387

)

Foreign bonds

6,198,122

(32,996

)

7,025,849

(12,310

)

Other

1,347,286

83,301

1,192,552

98,036

Mitsubishi UFJ Financial Group, Inc.

4. ROE

MUFG Consolidated


	(%)
	For the three months ended June 30, 2018		For the three months ended June 30, 2017
ROE		9.46		9.00

Note:

ROE is computed as follows:

Profits attributable to owners of parent × 4

×100

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

Mitsubishi UFJ Financial Group, Inc.

5. Average Interest Rate Spread

BK and TB Combined


(Domestic business segment)	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2018		For the three months ended June 30, 2017
Average interest rate on loans and bills discounted		0.78		0.81
Average interest rate on deposits and NCD		0.00		0.01
Interest rate spread		0.77		0.80

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.83		0.87
Interest rate spread		0.82		0.86

BK Non-consolidated

(Domestic business segment)	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2018		For the three months ended June 30, 2017
Average interest rate on loans and bills discounted		0.81		0.89
Average interest rate on deposits and NCD		0.00		0.00
Interest rate spread		0.81		0.88

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.85		0.95
Interest rate spread		0.84		0.95

TB Non-consolidated

(Domestic business segment)	(percentage per annum)
(Domestic business segment)	For the three months ended June 30, 2018		For the three months ended June 30, 2017
Average interest rate on loans and bills discounted		0.40		0.46
Average interest rate on deposits and NCD		0.05		0.06
Interest rate spread		0.35		0.39

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted		0.58		0.51
Interest rate spread		0.53		0.44

Mitsubishi UFJ Financial Group, Inc.

6. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of June 30, 2018		As of March 31, 2018
Deposits (ending balance)		162,013,739		160,799,777
Deposits (average balance)		165,005,126		158,125,973
Loans (ending balance)		94,524,488		93,727,957
Loans (average balance)		95,588,114		95,206,469

	(in millions of yen)
	As of June 30, 2018		As of March 31, 2018
Domestic deposits (ending balance)*		140,030,221		138,437,269
Individuals		76,289,879		75,302,588

Note:

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

BK Non-consolidated


	(in millions of yen)
	As of June 30, 2018		As of March 31, 2018
Deposits (ending balance)		148,408,143		145,492,629
Deposits (average balance)		150,810,662		143,218,442
Loans (ending balance)		89,387,144		79,213,244
Loans (average balance)		88,934,110		80,916,947

	(in millions of yen)
	As of June 30, 2018		As of March 31, 2018
Domestic deposits (ending balance)*		127,855,448		124,710,836
Individuals		68,702,531		67,612,602

Note:

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

TB Non-consolidated


	(in millions of yen)
	As of June 30, 2018		As of March 31, 2018
Deposits (ending balance)		13,605,595		15,307,147
Deposits (average balance)		14,194,464		14,907,531
Loans (ending balance)		5,137,343		14,514,713
Loans (average balance)		6,654,003		14,289,522

	(in millions of yen)
	As of June 30, 2018		As of March 31, 2018
Domestic deposits (ending balance)*		12,174,772		13,726,432
Individuals		7,587,348		7,689,986

Note:

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

Mitsubishi UFJ Financial Group, Inc.

7. Statements of Trust Assets and Liabilities

TB Non-consolidated

Including trust assets under service-shared co-trusteeship


(in millions of yen)	As of March 31, 2018		As of June 30, 2018
Assets:
Loans and bills discounted		306,755		361,243
Securities		53,976,806		52,639,836
Beneficiary rights to the trust		72,399,465		73,168,829
Securities held in custody accounts		3,121,503		3,537,566
Monetary claims		16,876,864		17,332,832
Tangible fixed assets		13,544,869		13,707,697
Intangible fixed assets		130,851		130,292
Other claims		3,645,903		2,580,919
Call loans		384,210		454,056
Due from banking account		9,626,979		9,285,367
Cash and due from banks		6,671,875		6,184,725

Total		180,686,086		179,383,367

Liabilities:
Money trusts		25,052,352		23,738,646
Pension trusts		11,946,499		11,812,928
Property formation benefit trusts		7,608		7,446
Investment trusts		77,208,657		77,909,577
Money entrusted other than money trusts		3,718,032		3,727,215
Securities trusts		5,200,280		4,737,482
Monetary claim trusts		15,977,728		16,448,382
Equipment trusts		72,741		71,922
Land and fixtures trusts		43,894		43,818
Composite trusts		41,458,291		40,885,947

Total		180,686,086		179,383,367


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

	2.	Trust assets and liabilities under a declaration of trust excluded from above table are 1,505 millions of yen as of March 31, 2018 and 1,504 millions of yen as of June 30, 2018, respectively.