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 July 2015

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: July 27, 2015


Mitsubishi UFJ Financial Group, Inc.

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

Consolidated Summary Report

For the Fiscal Year Ended March 31, 2015


Date:		July 27, 2015
Company name (code number):		Mitsubishi UFJ Financial Group, Inc. (8306)
		(URL http://www.mufg.jp/)
Stock exchange listings:		Tokyo, Nagoya, New York
Representative:		Nobuyuki Hirano, Director, President & Group CEO
For inquiry:		Kazutaka Yoneda, General Manager-Financial Planning Division, Financial Accounting Office
		(Phone) +81-3-3240-3110

Consolidated financial data for the fiscal year ended March 31, 2015

(1) Operating results


(in millions of yen, except per share data)
	For the fiscal years ended March 31,
	2015	2014

Total revenue	5,739,723	4,343,364

Income before income tax expense	2,262,656	1,420,443

Net income attributable to Mitsubishi UFJ Financial Group	1,531,127	1,015,393

Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)	107.81	70.21

Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)	107.50	69.98

Comprehensive income attributable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2015 and 2014 were ¥3,240,700 million and ¥1,798,728 million, respectively.

Notes:

1. Average number of shares outstanding


	(in thousands of shares)
	For the fiscal years ended March 31,
	2015	2014
Common stock	14,118,469	14,158,698

2. “Basic earnings per common share” and “Diluted earnings per common share” are based on “Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group.”

(2) Financial condition


	(in millions of yen)
	As of March 31,
	2015	2014
Total assets	280,886,326	253,661,077

Total Mitsubishi UFJ Financial Group shareholders’ equity	14,679,065	12,205,040

(3) Cash flows


	(in millions of yen)
	For the fiscal years ended March 31,
	2015	2014
Net cash provided by operating activities	2,384,590	909,448
Net cash used in investing activities	(10,975,679)	(12,401,827)
Net cash provided by financing activities	8,183,248	11,475,095
Cash and cash equivalents at end of period	3,353,236	3,689,228

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This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.’s consolidated financial information under U.S. GAAP that is included in the company’s annual report on Form 20-F (the “Form 20-F”) to be filed with the U.S. Securities and Exchange Commission. This excerpt report does not contain all of the information that may be important to you. In addition to the items highlighted in this report, the Form 20-F includes material disclosure about the company, including its business and other detailed U.S. GAAP financial information. You should read the entire Form 20-F carefully to obtain a comprehensive understanding of the company’s business and U.S. GAAP financial data and related issues.

This report contains forward-looking statements regarding estimates, forecasts, targets and plans in relation to the results of operations, financial condition and other general management of the company (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company’s current expectations, perceptions, evaluations and opinions. In addition, in order for the company to adopt such estimates, forecasts, targets and plans regarding future events, certain assumptions have been made, which assumptions are inherently subjective and uncertain. The forward-looking statements should not be viewed as guarantees of future performance as actual results may be significantly different. For instance, the disclosures regarding provision for credit losses, valuation of financial assets and realizability of the deferred tax assets are based on assumptions and other estimates, such as economic factors, the company’s business plans and performance, and other factors. There exist a number of factors that may lead to uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economies, changes in borrower conditions, fluctuations in interest rates, foreign currency exchange rates and stock prices, legal proceedings, changes in the regulatory environment, and natural disasters, cyber-attacks and other external events. For the key factors that should be considered, please see the financial highlight, the Annual Securities Report, Disclosure Book, Annual Report, Form 20-F and other current disclosures that the company has publicly released.

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Balance Sheets


	As of March 31,
(in millions of yen)	2015			2014
Assets:
Cash and due from banks		3,353,236			3,689,228
Interest-earning deposits in other banks		37,364,698			20,500,676
Call loans and funds sold		660,416			919,132
Receivables under resale agreements		7,273,008			7,300,037
Receivables under securities borrowing transactions		4,659,545			4,210,057
Trading account assets		46,904,903			40,646,275
Investment securities:
Available-for-sale securities—carried at fair value		47,490,404			51,885,652
Held-to-maturity securities—carried at amortized cost		4,130,451			2,706,982
Other investment securities		587,119			737,617

Total investment securities		52,207,974			55,330,251

Loans, net of unearned income, unamortized premiums and deferred loan fees		118,265,202			110,276,411
Allowance for credit losses		(1,055,479	)		(1,094,420	)

Net loans		117,209,723			109,181,991

Premises and equipment—net		982,205			1,236,648
Accrued interest		323,496			277,222
Customers’ acceptance liability		205,384			126,838
Intangible assets—net		1,160,164			1,133,354
Goodwill		807,610			728,515
Deferred tax assets		90,674			362,267
Other assets		7,683,290			8,018,586

Total assets		280,886,326			253,661,077

Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing		17,829,620			16,644,469
Interest-bearing		107,968,674			104,860,603
Overseas offices:
Non-interest-bearing		5,616,266			4,478,271
Interest-bearing		40,576,707			36,534,443

Total deposits		171,991,267			162,517,786

Call money and funds purchased		3,668,986			3,417,455
Payables under repurchase agreements		20,728,205			21,268,072
Payables under securities lending transactions		8,205,349			5,520,718
Due to trust account		1,610,992			750,210
Other short-term borrowings		11,545,807			11,106,071
Trading account liabilities		17,029,385			11,981,978
Obligations to return securities received as collateral		2,651,151			3,971,454
Bank acceptances outstanding		205,384			126,838
Accrued interest		132,330			143,362
Long-term debt		19,968,735			14,498,678
Other liabilities		7,867,394			5,607,011

Total liabilities		265,604,985			240,909,633

Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock		2,090,270			2,089,245
Capital surplus		5,959,626			6,363,413
Retained earnings:
Appropriated for legal reserve		239,571			239,571
Unappropriated retained earnings		3,424,864			2,157,639
Accumulated other comprehensive income, net of taxes		3,067,255			1,357,682
Treasury stock, at cost		(102,521	)		(2,510	)

Total Mitsubishi UFJ Financial Group shareholders’ equity		14,679,065			12,205,040
Noncontrolling interests		602,276			546,404

Total equity		15,281,341			12,751,444

Total liabilities and equity		280,886,326			253,661,077

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Income


	For the fiscal years ended March 31,
(in millions of yen)	2015			2014
Interest income:
Loans, including fees		1,981,274			1,663,742
Deposits in other banks		64,270			47,056
Investment securities:
Interest		252,149			229,732
Dividends		131,593			112,605
Trading account assets		400,020			407,415
Call loans and funds sold		11,181			10,074
Receivables under resale agreements and securities borrowing transactions		54,158			51,659

Total		2,894,645			2,522,283

Interest expense:
Deposits		300,692			226,655
Call money and funds purchased		7,287			6,841
Payables under repurchase agreements and securities lending transactions		41,294			39,329
Due to trust account		504			519
Other short-term borrowings and trading account liabilities		60,452			57,501
Long-term debt		252,955			230,127

Total		663,184			560,972

Net interest income		2,231,461			1,961,311
Provision (credit) for credit losses		86,998			(106,371	)

Net interest income after provision (credit) for credit losses		2,144,463			2,067,682

Non-interest income:
Fees and commissions income		1,400,980			1,294,116
Foreign exchange losses—net		(113,073	)		(61,755	)
Trading account profits (losses)—net		1,148,661			(33,886	)
Investment securities gains—net		154,687			303,520
Equity in earnings of equity method investees—net		172,946			110,520
Gains on sales of loans		15,027			17,680
Government grant for transfer of substitutional portion of Employees’ Pension Fund Plans		—			115,210
Other non-interest income		65,850			75,676

Total		2,845,078			1,821,081

Non-interest expense:
Salaries and employee benefits		1,097,452			1,029,580
Occupancy expenses—net		168,780			158,393
Fees and commission expenses		248,136			222,038
Outsourcing expenses, including data processing		241,650			216,737
Depreciation of premises and equipment		108,659			103,714
Amortization of intangible assets		222,353			198,147
Impairment of intangible assets		677			312
Insurance premiums, including deposit insurance		115,451			101,135
Communications		54,712			50,868
Taxes and public charges		96,627			69,457
Other non-interest expenses		372,388			317,939

Total		2,726,885			2,468,320

Income before income tax expense		2,262,656			1,420,443
Income tax expense		666,020			337,917

Net income before attribution of noncontrolling interests		1,596,636			1,082,526
Net income attributable to noncontrolling interests		65,509			67,133

Net income attributable to Mitsubishi UFJ Financial Group		1,531,127			1,015,393

Income allocated to preferred shareholders:
Cash dividends paid		8,970			17,940
Changes in a foreign affiliated company’s interests in its subsidiary		—			3,301

Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		1,522,157			994,152


(in yen)
Earnings per common share applicable to common shareholders of Mitsubishi UFJ Financial Group:
Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		107.81			70.21
Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group		107.50			69.98

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income


	For the fiscal years ended March 31,
(in millions of yen)	2015			2014
Net income before attribution of noncontrolling interests		1,596,636			1,082,526
Other comprehensive income, net of tax:
Net unrealized gains on investment securities		999,817			141,519
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges		899			(361	)
Defined benefit plans		18,927			117,648
Foreign currency translation adjustments		688,518			508,130

Total		1,708,161			766,936

Comprehensive income		3,304,797			1,849,462

Net income attributable to noncontrolling interests		65,509			67,133
Other comprehensive loss attributable to noncontrolling interests		(1,412	)		(16,399	)

Comprehensive income attributable to Mitsubishi UFJ Financial Group		3,240,700			1,798,728


Loans

	As of March 31,
(in millions of yen)	2015			2014
Impaired loans		1,686,806			1,861,027
Other than impaired loans		116,578,396			108,415,384

Total		118,265,202			110,276,411


Allowance for credit losses

	As of March 31,
(in millions of yen)	2015			2014
Related to impaired loans		607,287			750,321
Related to other than impaired loans		448,192			344,099

Total		1,055,479			1,094,420

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