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 May 2017

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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: May 15, 2017

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Yasuo Matsumoto

Name:   Yasuo Matsumoto
Title:  

Chief Manager, Documentation &

Corporate Secretary Department,

Corporate Administration Division


LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the fiscal year ended March 31, 2017

May 15, 2017

 

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 & Group CEO

For inquiry:

  

Kazutaka Yoneda, General Manager -
Financial Planning Division / Financial Accounting Office

   TEL (03) 3240-3110

General meeting of shareholders:

   June 29, 2017

Dividend payment date:

   June 30, 2017

Securities report issuing date:

   June 29, 2017

Trading accounts:

   Established

Supplemental information for financial statements:

   Available

Investor meeting presentation:

   Scheduled (for investors and analysts)

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

1. Consolidated Financial Data for the Fiscal Year ended March 31, 2017

 

(1) Results of Operations

 

     (% represents the change from the previous fiscal year)  
     Ordinary Income      Ordinary Profits     Profits Attributable to
Owners of Parent
 
     million yen          %          million yen         %         million yen         %      

Fiscal year ended

              

March 31, 2017

     5,979,568        4.6        1,360,767       (11.6     926,440       (2.6

March 31, 2016

     5,714,419        1.3        1,539,486       (10.1     951,402       (8.0

 

(*) Comprehensive income

                March 31, 2017: 330,609 million yen     (46.7)%                 ;         March 31, 2016: 620,662 million yen     (82.0)%

 

    Basic earnings
per share
    Diluted earnings
per share
    Net Income to Net Assets
Attributable to
MUFG shareholders
    Ordinary Profits to
Total Assets
    Ordinary Profits to
Ordinary Income
 
    yen     yen     %     %     %  

Fiscal year ended

         

March 31, 2017

    68.28       68.00       6.0       0.5       22.8  

March 31, 2016

    68.51       68.17       6.2       0.5       26.9  

(Reference) Income from investment in affiliates (Equity method)

                   March 31, 2017: 244,453 million yen;         March 31, 2016: 230,415 million yen

 

(2) Financial Conditions

 

     Total Assets      Total Net Assets      Equity-to-asset
ratio (*)
     Total Net  Assets
per Common Stock
 
     million yen      million yen      %      yen  

As of

           

March 31, 2017

     303,297,433        16,658,394        5.0        1,137.78  

March 31, 2016

     298,302,898        17,386,769        5.2        1,121.07  

(Reference) Shareholders’ equity as of     March 31, 2017: 15,280,268 million yen;     March 31, 2016: 15,457,970 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

 

(3) Cash Flows

 

     Cash Flows  from
Operating Activities
     Cash Flows from
Investing Activities
     Cash Flows  from
Financing Activities
    Cash and Cash Equivalents
at the end of the period
 
     million yen      million yen      million yen     million yen  

Fiscal year ended

          

March 31, 2017

     7,013,064        8,907,549        (670,592     33,968,391  

March 31, 2016

     6,754,428        2,240,209        (105,602     18,763,856  

2. Dividends on Common Stock

 

    Dividends per Share     Total
dividends
    Dividend
payout ratio
(Consolidated)
    Dividend on
net assets ratio
(Consolidated)
 
    1st
quarter-end
    2nd
quarter-end
    3rd
quarter-end
    Fiscal
year-end
    Total        
    yen     yen     yen     yen     yen     million yen     %     %  

Fiscal year

               

ended March 31, 2016

    —         9.00       —         9.00       18.00       249,329       26.3       1.6  

ended March 31, 2017

    —         9.00       —         9.00       18.00       243,600       26.4       1.6  

ending March 31, 2018 (Forecast)

    —         9.00       —         9.00       18.00       ——       25.4       ——  

 

(*) 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, 2018 (Consolidated)

MUFG has set an earnings target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 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 (Changes in specified subsidiaries accompanying change in scope of consolidation): Yes

Excluded: 2 Companies (MUFG Capital Finance 1 Limited and BTMU Preferred Capital 1 Limited)

 

(2) 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

(C) Changes in accounting estimates: No

(D) Restatements: No

 

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

 

(A) Total stocks outstanding including treasury stocks:

   March 31, 2017      14,168,853,820 shares  
   March 31, 2016      14,168,853,820 shares  

(B) Treasury stocks:

   March 31, 2017      738,910,028 shares  
   March 31, 2016      380,255,157 shares  

(C) Average outstanding stocks:

   Fiscal year ended March 31, 2017      13,568,693,838 shares  
   Fiscal year ended March 31, 2016      13,886,503,497 shares  

(Reference) Summary of non-consolidated financial data

1. Non-consolidated Financial Data for the Fiscal Year ended March 31, 2017

(1)  Results of Operations

 

     ( % represents the change from the previous fiscal year)  
     Operating Income      Operating Profits      Ordinary Profits     Net Income  
     million yen      %      million yen      %      million yen      %     million yen      %  

Fiscal year ended

                      

March 31, 2017

     625,582        6.3        599,357        6.1        575,084        5.9       577,656        5.8  

March 31, 2016

     588,340        0.4        564,684        0.1        543,069        (1.6     545,738        (1.4
     Basic earnings
per share
     Diluted earnings
per share
                            
     yen      yen                             

Fiscal year ended

                      

March 31, 2017

     42.57        42.53             

March 31, 2016

     39.29        39.24             

 

(2) Financial Conditions

 

                      
     Total Assets      Total Net Assets      Equity-to-asset  ratio     Total Net Assets
per Common Stock
 
     million yen      million yen      %     yen  

As of

                      

March 31, 2017

     13,969,770        8,592,679        61.5       639.70  

March 31, 2016

     12,043,230        8,482,329        70.4       614.47  

 

(Reference) Shareholders’ equity as of March 31, 2017: 8,592,288 million yen ;    March 31, 2016: 8,474,069 million yen

*This “Consolidated Summary Report” (“Tanshin”) is outside the scope of the external auditor’s audit procedure.

*Notes for using forecasted information etc.

 

1. 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.

 

2. 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.    Results of Operations and Financial Condition

     2  

(1) Analysis of results of operations

     2  

(2) Analysis of financial condition

     3  

2.    Basic Views on Selection of Accounting Standards

     4  

3.    Consolidated Financial Statements and Notes

     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

     10  

(4) Consolidated Statements of Cash Flows

     12  

Notes to the Consolidated Financial Statements

     14  

Notes on Going-Concern Assumption

  

Segment Information

  

Per Share Information

  

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the fiscal year ended March 31, 2017”

 

(*) 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:    May 15, 2017 (Monday)
Explanation for investors and analysts:    May 19, 2017 (Friday)

 

1


Mitsubishi UFJ Financial Group, Inc.

 

1. Results of Operations and Financial Condition

(1)   Analysis of results of operations

(Results of operations for the fiscal year ended March 31, 2017)

An overview of the financial and economic environment for fiscal year 2016 shows the global economy generally maintained a moderate recovery, particularly in developed countries. This was despite deep uncertainties arising from China’s structural adjustment, as well as fluctuations in international financial markets due to key events such as the UK’s vote to leave the EU and the advent of the new US administration. The US economy continued its self-sustained recovery, driven mainly by domestic demand, which was supported by improved employment conditions. However, the recovery in production and capital investment was a little slow in the corporate sector. In Europe, domestic demand continued to pick up, supported by improved employment conditions and low interest rates, despite an increase in uncertainty stemming from the UK’s vote to leave the EU and NPL problems in Southern European countries. On the whole, the Asian economy was solid, particularly in ASEAN (Association of Southeast Asian Nations). However, each country’s exports were pushed down by the economic slowdown in China, which has been undergoing structural adjustment. Under such circumstances, Japan’s economy maintained a moderate recovery throughout the fiscal year, yet some areas experienced a delay in improvement. Private consumption continued to grow, albeit slowly, on the back of an increase in employment and wages; meanwhile, residential investment also remained strong. Capital expenditure continued to increase gradually, underpinned by an upturn in exports and production, although it was held back temporarily by a slowdown in corporate earnings growth caused by yen appreciation in the first half of the fiscal year. Public demand was almost flat.

Turning now to financial conditions, there were large fluctuations in foreign exchange rates and stock prices in Japan. During the first half of fiscal year 2016, the Japanese yen continued to appreciate against the US dollar and Japan’s stock market was weak against a backdrop of uncertainties surrounding the global economy. However, after the US presidential election, the Japanese yen depreciated sharply and stock prices surged due to high expectations brought about by the new administration. Towards the end of the fiscal year, the Japanese yen appreciated again. As for interest rates, the US Federal Reserve raised interest rates in December and March; whereas the Bank of England reduced interest rates in August after the national referendum and the European Central Bank retained its monetary easing policy. Additionally, the Bank of Japan maintained its aggressive monetary easing stance with the introduction of “Quantitative and Qualitative Monetary Easing with Yield Curve Control” in September, resulting in continued, low, long-term interest rates.

Under such business environment, consolidated gross profits for the fiscal year ended March 31, 2017 decreased 131.3 billion yen from the previous fiscal year to 4,011.8 billion yen. This was mainly due to a decrease in the translated JPY value by the appreciation of JPY against other currencies, a decrease in net interest income from domestic loans and deposits, reflecting lower interest rates in domestic market, as well as decreases in fee income from sale of investment products and net gains on debt securities. Those were partially offset by increases in fee and net interest income in overseas. General and administrative (G&A) expenses for the fiscal year ended March 31, 2017 was 2,593.5 billion yen, almost unchanged from the previous fiscal year, partially due to the appreciation of JPY against other currencies. As a result, net operating profits decreased 139.6 billion yen from the previous fiscal year to 1,418.2 billion yen.

 

2


Mitsubishi UFJ Financial Group, Inc.

 

Total credit costs for the fiscal year ended March 31, 2017 decreased 99.7 billion yen from the previous fiscal year, mainly due to a decrease in provision for allowance for credit losses. Net gains on equity securities increased 36.6 billion yen from the previous fiscal year, driven by a progress in sales of equity holdings. Other non-recurring losses increased 189.4 billion yen from the previous fiscal year, mainly due to increases in provision for repayment of excess interest of credit card/loan businesses, and expenses for defined benefit plans.

As a result, ordinary profits for the fiscal year ended March 31, 2017 were 1,360.7 billion yen, a decrease of 178.7 billion yen from the previous fiscal year, and profits attributable to owners of parent for the fiscal year ended March 31, 2017 was 926.4 billion yen, a decrease of 24.9 billion yen from the previous fiscal year.

 

(in billions of Japanese yen)    For the fiscal  year
ended
March 31, 2017
    For the fiscal  year
ended
March 31, 2016
    Increase
(Decrease)
 

Gross profits
before credit costs for trust accounts

     4,011.8       4,143.2       (131.3

General and administrative expenses

     2,593.5       2,585.2       8.2  

Net operating profits
before credit costs for trust accounts and provision for general allowance for credit losses

     1,418.2       1,557.9       (139.6

Total credit costs

     (155.3     (255.1     99.7  

Net gains (losses) on equity securities

     124.9       88.3       36.6  

Profits (losses) from investments in affiliates

     244.4       230.4       14.0  

Other non-recurring gains (losses)

     (271.4     (82.0     (189.4

Ordinary profits

     1,360.7       1,539.4       (178.7

Net extraordinary gains (losses)

     (57.5     (40.7     (16.8

Total taxes

     342.1       460.2       (118.0

Profits attributable to non-controlling interests

     34.6       87.1       (52.5

Profits attributable to owners of parent

     926.4       951.4       (24.9

(2)   Analysis of financial condition

Total assets as of March 31, 2017 increased 4,994.5 billion yen from March 31, 2016 to 303,297.4 billion yen, and total net assets as of March 31, 2017 decreased 728.3 billion yen from March 31, 2016 to 16,658.3 billion yen. The decrease in total net assets was mainly due to decreases in net unrealized gains on available-for-sale securities and foreign currency translation adjustments, and share repurchases.

With regard to major items of assets, loans and bills discounted as of March 31, 2017 decreased 4,751.0 billion yen from March 31, 2016 to 109,005.2 billion yen and securities as of March 31, 2017 decreased 10,554.9 billion yen from March 31, 2016 to 59,438.8 billion yen. With regard to major items of liabilities, deposits as of March 31, 2017 increased 9,765.1 billion yen from March 31, 2016 to 170,730.2 billion yen.

 

3


Mitsubishi UFJ Financial Group, Inc.

 

2.   Basic Views on Selection of Accounting Standards

MUFG group, currently adopting Japanese GAAP, is preparing for its future adoption of IFRS by considering the development of its infrastructures and organizations within the group, and the timing of adoption.

 

4


Mitsubishi UFJ Financial Group, Inc.

 

3. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

 

(in millions of yen)    As of
    March 31, 2016    
    As of
    March 31, 2017    
 

Assets:

    

Cash and due from banks

     49,158,293       63,525,940  

Call loans and bills bought

     660,015       649,147  

Receivables under resale agreements

     7,466,633       8,066,973  

Receivables under securities borrowing transactions

     6,041,983       11,002,723  

Monetary claims bought

     4,733,393       4,707,868  

Trading assets

     20,460,863       21,046,367  

Money held in trust

     679,678       806,881  

Securities

     69,993,869       59,438,897  

Loans and bills discounted

     113,756,325       109,005,231  

Foreign exchanges

     1,792,888       2,083,530  

Other assets

     12,255,764       11,554,699  

Tangible fixed assets

     1,362,044       1,358,905  

Buildings

     349,761       341,131  

Land

     730,130       720,132  

Lease assets

     10,856       10,164  

Construction in progress

     38,494       46,373  

Other tangible fixed assets

     232,801       241,104  

Intangible fixed assets

     1,254,727       1,257,876  

Software

     570,884       567,753  

Goodwill

     278,628       267,389  

Lease assets

     648       446  

Other intangible fixed assets

     404,566       422,287  

Net defined benefit assets

     377,955       601,377  

Deferred tax assets

     125,739       126,231  

Customers’ liabilities for acceptances and guarantees

     9,240,310       9,022,130  

Allowance for credit losses

     (1,057,585     (957,350
  

 

 

   

 

 

 

Total assets

     298,302,898       303,297,433  
  

 

 

   

 

 

 

 

5


Mitsubishi UFJ Financial Group, Inc.

 

                                             
(in millions of yen)    As of
    March 31, 2016    
    As of
    March 31, 2017    
 

Liabilities:

    

Deposits

     160,965,056       170,730,221  

Negotiable certificates of deposit

     11,591,578       11,341,571  

Call money and bills sold

     1,360,238       1,973,569  

Payables under repurchase agreements

     23,515,240       17,636,962  

Payables under securities lending transactions

     4,710,407       5,538,739  

Commercial papers

     2,292,282       2,307,222  

Trading liabilities

     17,251,302       17,700,617  

Borrowed money

     12,482,277       16,971,085  

Foreign exchanges

     2,054,937       1,970,980  

Short-term bonds payable

     752,492       847,999  

Bonds payable

     9,190,542       9,893,687  

Due to trust accounts

     13,296,033       9,893,881  

Other liabilities

     10,834,564       9,382,992  

Reserve for bonuses

     90,219       81,012  

Reserve for bonuses to directors

     396       598  

Reserve for stocks payment

     —         10,400  

Net defined benefit liabilities

     62,791       59,045  

Reserve for retirement benefits to directors

     1,113       1,128  

Reserve for loyalty award credits

     15,971       16,689  

Reserve for contingent losses

     210,087       384,868  

Reserves under special laws

     4,232       4,075  

Deferred tax liabilities

     866,815       745,073  

Deferred tax liabilities for land revaluation

     127,237       124,483  

Acceptances and guarantees

     9,240,310       9,022,130  
  

 

 

   

 

 

 

Total liabilities

     280,916,129       286,639,039  
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     2,141,513       2,141,513  

Capital surplus

     1,425,637       1,412,087  

Retained earnings

     8,587,578       9,278,546  

Treasury stock

     (298,922     (513,260
  

 

 

   

 

 

 

Total shareholders’ equity

     11,855,806       12,318,885  
  

 

 

   

 

 

 

Net unrealized gains (losses) on available-for-sale securities

     2,486,627       2,184,597  

Net deferred gains (losses) on hedging instruments

     337,297       125,684  

Land revaluation excess

     176,364       173,723  

Foreign currency translation adjustments

     791,401       558,339  

Remeasurements of defined benefit plans

     (189,526     (65,098

Debt value adjustments of foreign subsidiaries and affiliates

     —         (15,863
  

 

 

   

 

 

 

Total accumulated other comprehensive income

     3,602,163       2,961,382  
  

 

 

   

 

 

 

Subscription rights to shares

     8,260       407  

Non-controlling interests

     1,920,538       1,377,719  
  

 

 

   

 

 

 

Total net assets

     17,386,769       16,658,394  
  

 

 

   

 

 

 

Total liabilities and net assets

     298,302,898       303,297,433  
  

 

 

   

 

 

 

 

6


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 fiscal  year
ended
    March 31, 2016    
     For the fiscal  year
ended
    March 31, 2017    
 

Ordinary income

         5,714,419            5,979,568  

Interest income

     2,769,248        2,888,134  

Interest on loans and bills discounted

     1,812,133        1,862,089  

Interest and dividends on securities

     628,882        675,434  

Interest on call loans and bills bought

     9,887        10,523  

Interest on receivables under resale agreements

     41,818        46,831  

Interest on receivables under securities borrowing transactions

     6,520        6,246  

Interest on deposits

     79,087        79,746  

Other interest income

     190,919        207,261  

Trust fees

     117,046        122,050  

Fees and commissions

     1,536,719        1,531,974  

Trading income

     306,354        292,761  

Other operating income

     469,265        575,937  

Other ordinary income

     515,784        568,709  

Gains on loans written-off

     60,645        64,487  

Others

     455,138        504,221  

Ordinary expenses

     4,174,932        4,618,801  

Interest expenses

     655,735        863,677  

Interest on deposits

     292,909        296,574  

Interest on negotiable certificates of deposit

     48,093        65,008  

Interest on call money and bills sold

     8,204        2,043  

Interest on payables under repurchase agreements

     48,263        81,400  

Interest on payables under securities lending transactions

     7,449        2,104  

Interest on commercial papers

     6,347        15,172  

Interest on borrowed money

     46,856        34,140  

Interest on short-term bonds payable

     749        22  

Interest on bonds payable

     142,728        171,514  

Other interest expenses

     54,133        195,695  

Fees and commissions

     216,165        203,484  

Trading expenses

     —          2,725  

Other operating expenses

     183,583        329,193  

General and administrative expenses

     2,602,450        2,663,503  

Other ordinary expenses

     516,997        556,217  

Provision for allowance for credit losses

     132,691        30,342  

Others

     384,305        525,875  
  

 

 

    

 

 

 

Ordinary profits

     1,539,486        1,360,767  
  

 

 

    

 

 

 

 

7


Mitsubishi UFJ Financial Group, Inc.

 

                                                 
(in millions of yen)    For the fiscal  year
ended
    March 31, 2016    
     For the fiscal  year
ended
    March 31, 2017    
 

Extraordinary gains

     21,316        17,620  

Gains on disposition of fixed assets

     21,316        17,463  

Reversal of reserve for contingent liabilities from financial instruments transactions

     —          156  

Extraordinary losses

     62,033        75,159  

Losses on disposition of fixed assets

     12,144        9,263  

Losses on impairment of fixed assets

     13,415        10,162  

Provision for reserve for contingent liabilities from financial instruments transactions

     460        —    

Losses on change in equity

     36,013        45,654  

Losses on liquidation of equity securities of subsidiaries

     —          5,313  

Losses on exchange of shares of affiliates

     —          4,538  

Losses on sales of equity securities of subsidiaries

     —          226  
  

 

 

    

 

 

 

Profits before income taxes

     1,498,769        1,303,228  
  

 

 

    

 

 

 

Income taxes-current

     424,814        319,060  

Income taxes-deferred

     35,389        23,116  
  

 

 

    

 

 

 

Total taxes

     460,204        342,177  
  

 

 

    

 

 

 

Profits

           1,038,565               961,050  
  

 

 

    

 

 

 

Profits attributable to non-controlling interests

     87,162        34,609  
  

 

 

    

 

 

 

Profits attributable to owners of parent

     951,402        926,440  
  

 

 

    

 

 

 

 

8


Mitsubishi UFJ Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

                                             
(in millions of yen)    For the fiscal  year
ended
    March 31, 2016    
    For the fiscal  year
ended
    March 31, 2017    
 

Profits

     1,038,565       961,050  

Other comprehensive income

    

Net unrealized gains (losses) on available-for-sale securities

     (346,220     (278,689

Net deferred gains (losses) on hedging instruments

     252,671       (212,449

Land revaluation excess

     7,055       (21

Foreign currency translation adjustments

     (214,273     (145,331

Remeasurements of defined benefit plans

     (141,896     134,560  

Share of other comprehensive income of associates accounted for using equity method

     24,759       (128,510
  

 

 

   

 

 

 

Total other comprehensive income

     (417,903     (630,441
  

 

 

   

 

 

 

Comprehensive income

     620,662       330,609  
  

 

 

   

 

 

 

(Comprehensive income attributable to)

    

Comprehensive income attributable to owners of the parent

            556,163              303,054  

Comprehensive income attributable to non-controlling interests

     64,498       27,554  

 

9


Mitsubishi UFJ Financial Group, Inc.

 

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2016

 

    (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
available-
for-sale
securities
    Net
deferred
gains

(losses) on
hedging
instruments
 

Balance at the beginning of the period

    2,141,513       1,428,403       7,860,410       (101,661     11,328,666       2,835,091       83,194  

Changes during the period

             

Cash dividends

        (251,392       (251,392    

Profits attributable to owners of parent

        951,402         951,402      

Repurchase of treasury stock

          (200,077     (200,077    

Disposal of treasury stock

      (1,182       2,815       1,633      

Reversal of land revaluation excess

        3,042         3,042      

Changes of application of equity method

        24,394         24,394      

Changes in subsidiaries’ equity

      (1,584         (1,584    

Changes in foreign affiliates’ interests in their subsidiaries

        (278       (278    

Net changes of items other than shareholders’ equity

              (348,464     254,103  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    —         (2,766     727,168       (197,261     527,140       (348,464     254,103  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    2,141,513       1,425,637       8,587,578       (298,922     11,855,806       2,486,627       337,297  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    (in millions of yen)  
    Accumulated other comprehensive income     Subscription
rights to
shares
    Non-
controlling
interests
    Total net
assets
 
    Land
revaluation
excess
    Foreign
currency
translation
adjustments
    Remeasurements
of defined
benefit plans
    Total
accumulated
other
comprehensive
income
       

Balance at the beginning of the period

    172,350       951,547       (52,909     3,989,274       8,271       1,961,322       17,287,533  

Changes during the period

             

Cash dividends

                (251,392

Profits attributable to owners of parent

                951,402  

Repurchase of treasury stock

                (200,077

Disposal of treasury stock

                1,633  

Reversal of land revaluation excess

                3,042  

Changes of application of equity method

                24,394  

Changes in subsidiaries’ equity

                (1,584

Changes in foreign affiliates’ interests in their subsidiaries

                (278

Net changes of items other than shareholders’ equity

    4,013       (160,146     (136,616     (387,110     (10     (40,783     (427,904
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    4,013       (160,146     (136,616     (387,110     (10     (40,783     99,236  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    176,364       791,401       (189,526     3,602,163       8,260       1,920,538       17,386,769  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

10


Mitsubishi UFJ Financial Group, Inc.

 

For the fiscal year ended March 31, 2017

 

     (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
available-
for-sale
securities
    Net
deferred
gains
(losses) on
hedging
instruments
 

Balance at the beginning of the period

     2,141,513        1,425,637       8,587,578       (298,922     11,855,806       2,486,627       337,297  

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates

          8,464         8,464      

Restated balance

     2,141,513        1,425,637       8,596,043       (298,922     11,864,271       2,486,627       337,297  

Changes during the period

               

Cash dividends

          (246,557       (246,557    

Profits attributable to owners of parent

          926,440         926,440      

Repurchase of treasury stock

            (217,688     (217,688    

Disposal of treasury stock

        (936       3,350       2,414      

Reversal of land revaluation excess

          2,619         2,619      

Changes in subsidiaries’ equity

        (12,614         (12,614    

Net changes of items other than shareholders’ equity

                (302,029     (211,612
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

     —          (13,550     682,503       (214,337     454,614       (302,029     (211,612
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

     2,141,513        1,412,087       9,278,546       (513,260     12,318,885       2,184,597       125,684  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    (in millions of yen)  
    Accumulated other comprehensive income                    
    Land
revaluation
excess
    Foreign
currency
translation
adjustments
    Remeasurements
of defined
benefit plans
    Debt value
adjustments
of foreign
subsidiaries
and
affiliates
    Total
accumulated
other
comprehensive
income
    Subscription
rights to
shares
    Non-
controlling
interests
    Total net
assets
 

Balance at the beginning of the period

    176,364       791,401       (189,526     —         3,602,163       8,260       1,920,538       17,386,769  

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates

          (8,464     (8,464         —    

Restated balance

    176,364       791,401       (189,526     (8,464     3,593,699       8,260       1,920,538       17,386,769  

Changes during the period

               

Cash dividends

                  (246,557

Profits attributable to owners of parent

                  926,440  

Repurchase of treasury stock

                  (217,688

Disposal of treasury stock

                  2,414  

Reversal of land revaluation excess

                  2,619  

Changes in subsidiaries’ equity

                  (12,614

Net changes of items other than shareholders’ equity

    (2,641     (233,062     124,427       (7,399     (632,317     (7,853     (542,819     (1,182,989
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    (2,641     (233,062     124,427       (7,399     (632,317     (7,853     (542,819     (728,375
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    173,723       558,339       (65,098     (15,863     2,961,382                   407       1,377,719       16,658,394  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

11


Mitsubishi UFJ Financial Group, Inc.

 

(4) Consolidated Statements of Cash Flows

 

     For the fiscal year     For the fiscal year  
     ended     ended  
(in millions of yen)    March 31, 2016     March 31, 2017  

Cash flows from operating activities:

    

Profits before income taxes

     1,498,769       1,303,228  

Depreciation and amortization

     298,527       316,411  

Impairment losses

     13,415       10,162  

Amortization of goodwill

     16,931       16,737  

Equity in losses (gains) of equity method investees

     (230,415     (244,453

Increase (decrease) in allowance for credit losses

     71,084       (92,783

Increase (decrease) in reserve for bonuses

     955       (285

Increase (decrease) in reserve for bonuses to directors

     (58     202  

Increase (decrease) in reserve for stocks payment

     —         10,400  

Decrease (increase) in net defined benefit assets

     (88,908     (92,720

Increase (decrease) in net defined benefit liabilities

     (2,255     1,652  

Increase (decrease) in reserve for retirement benefits to directors

     27       14  

Increase (decrease) in reserve for loyalty award credits

     1,313       959  

Increase (decrease) in reserve for contingent losses

     5,572       175,716  

Interest income recognized on statement of income

     (2,769,248     (2,888,134

Interest expenses recognized on statement of income

     655,735       863,677  

Losses (gains) on securities

     (221,235     (181,811

Losses (gains) on money held in trust

     (10,689     8,771  

Foreign exchange losses (gains)

     1,439,205       459,763  

Losses (gains) on sales of fixed assets

     (9,171     (8,200

Net decrease (increase) in trading assets

     49,544       (1,737,675

Net increase (decrease) in trading liabilities

     1,980,093       1,448,201  

Net decrease (increase) in unsettled trading accounts

     (821,034     (50,814

Net decrease (increase) in loans and bills discounted

     (4,990,628     4,065,265  

Net increase (decrease) in deposits

     7,888,704       10,427,476  

Net increase (decrease) in negotiable certificates of deposit

     (4,482,406     (242,013

Net increase (decrease) in borrowed money (excluding subordinated borrowings)

     (1,362,550     4,551,643  

Net decrease (increase) in due from banks (excluding cash equivalents)

     80,699       802,579  

Net decrease (increase) in call loans and bills bought and others

     (633,599     (1,413,158

Net decrease (increase) in receivables under securities borrowing transactions

     (1,438,094     (5,203,785

Net increase (decrease) in call money and bills sold and others

     (435,883     (3,999,428

Net increase (decrease) in commercial papers

     119,203       33,847  

Net increase (decrease) in payables under securities lending transactions

     (3,446,893     850,842  

Net decrease (increase) in foreign exchanges (assets)

     380,193       (302,389

Net increase (decrease) in foreign exchanges (liabilities)

     544,080       (81,641

Net increase (decrease) in short-term bonds payable

     (37,019     95,507  

Net increase (decrease) in issuance and redemption of unsubordinated bonds payable

     649,951       422,720  

Net increase (decrease) in due to trust accounts

     10,112,737       (3,402,151

Interest income (cash basis)

     2,897,378       3,023,722  

Interest expenses (cash basis)

     (654,026     (847,418

Others

     175,151       (684,097
  

 

 

   

 

 

 

Sub-total

     7,245,155       7,416,541  
  

 

 

   

 

 

 

Income taxes

     (537,036     (427,841

Refund of income taxes

     46,308       24,364  
  

 

 

   

 

 

 

Net cash provided by (used in) operating activities

     6,754,428       7,013,064  
  

 

 

   

 

 

 

 

12


Mitsubishi UFJ Financial Group, Inc.

 

     For the fiscal year     For the fiscal year  
     ended     ended  
(in millions of yen)    March 31, 2016     March 31, 2017  

Cash flows from investing activities:

    

Purchases of securities

     (86,422,400     (56,618,395

Proceeds from sales of securities

     60,274,528       39,602,665  

Proceeds from redemption of securities

     28,452,434       26,428,256  

Payments for increase in money held in trust

     (641,740     (763,127

Proceeds from decrease in money held in trust

     672,854       615,931  

Purchases of tangible fixed assets

     (116,931     (121,733

Purchases of intangible fixed assets

     (231,615     (249,744

Proceeds from sales of tangible fixed assets

     35,494       31,815  

Proceeds from sales of intangible fixed assets

     166       2,890  

Payments for acquisition of subsidiaries’ equity affecting the scope of consolidation

     —         (21,954

Proceeds from acquisition of subsidiaries’ equity affecting the scope of consolidation

     218,639       —    

Proceeds from sales of subsidiaries’ equity affecting the scope of consolidation

     —         2,761  

Others

     (1,221     (1,815
  

 

 

   

 

 

 

Net cash provided by (used in) investing activities

     2,240,209       8,907,549  
  

 

 

   

 

 

 

Cash flows from financing activities:

    

Proceeds from subordinated borrowings

     38,000       31,000  

Repayments of subordinated borrowings redemption

     (92,500     (50,592

Proceeds from issuance of subordinated bonds payable and bonds with warrants

     793,218       837,401  

Payments for redemption of subordinated bonds payable and bonds with warrants

     (294,460     (476,943

Proceeds from issuance of common stock to non-controlling shareholders

     1,081       1,195  

Repayments to non-controlling shareholders

     —         (854

Payments for redemption of preferred securities

     —         (468,956

Dividends paid by MUFG

     (251,497     (246,563

Dividends paid by subsidiaries to non-controlling shareholders

     (94,825     (77,008

Purchases of treasury stock

     (200,053     (217,666

Proceeds from sales of treasury stock

     1       3  

Payments for purchases of subsidiaries’ equity not affecting the scope of consolidation

     (4,572     (1,612

Proceeds from sales of subsidiaries’ equity not affecting the scope of consolidation

     —         0  

Others

     3       4  
  

 

 

   

 

 

 

Net cash provided by (used in) financing activities

     (105,602     (670,592
  

 

 

   

 

 

 

Effect of foreign exchange rate changes on cash and cash equivalents

     (115,214     (45,486
  

 

 

   

 

 

 

Net increase (decrease) in cash and cash equivalents

     8,773,820       15,204,534  
  

 

 

   

 

 

 

Cash and cash equivalents at the beginning of the period

     9,990,035       18,763,856  
  

 

 

   

 

 

 

Cash and cash equivalents at the end of the period

     18,763,856       33,968,391  
  

 

 

   

 

 

 

 

13


Mitsubishi UFJ Financial Group, Inc.

 

Notes to the Consolidated Financial Statements

(Notes on Going-Concern Assumption)

None.

(Segment Information)

 

1. Information on net revenue and operating profit (loss) for each reporting segment

For the Fiscal Year Ended March 31, 2017

 

    (in millions of yen)  
    Retail
Banking
Business
Group
    Corporate
Banking
Business
Group
    Global
Business
Group
    Trust
Assets
Business
Group
     Total of
Customer
Business
     Global
Markets
Business
Group
     Other      Total  

Net revenue

    1,198,285       1,041,648       1,303,663       173,116        3,538,965        582,011        (9,082      4,111,895  

Operating expenses

    972,999       598,434       821,205       112,204        2,348,126        212,899        155,116        2,716,142  

Operating profit

    225,286       443,213       482,458       60,911        1,190,839        369,112        (164,198      1,395,753  

(Notes)

 

  1. “Net revenue” in the above table is used in lieu of net sales generally used by Japanese non-financial companies.

 

  2. “Net revenue” includes net interest income, trust fees, net fees and commissions, net trading profit, and net other operating profit.

 

  3. “Operating expenses” includes personnel expenses and premise expenses.

 

  4. Assets and liabilities of each reporting segment are not reported since MUFG does not allocate assets and liabilities among the segments for internal management purposes.

 

  5. “Net revenue” and “Operating expenses” for each of the Corporate Banking Business Group and the Global Business Group include net revenue and operating expenses relating to overseas Japanese corporate transactions. The amounts relating to such transactions included in each of these reporting segments are as follows: ¥177,748 million of net revenue, ¥156,717 million of operating expenses and ¥21,030 million of operating profit. Adjustments have been made by deducting these amounts from the Total of Customer Business.

 

2. Reconciliation of the total operating profit in each of the above tables to the ordinary profit in the consolidated statements of income for the corresponding twelve-month period

 

operating profit

   For the twelve months ended
March 31,2017
 

Total operating profit of reporting segments

     1,395,753  

Operating profit of consolidated subsidiaries excluded from reporting segments

     43,789  

Provision for general allowance for credit losses

     (210,257

Credit related expenses

     (9,606

Gains on collection of bad debts

     64,487  

Net gains on equity securities and other securities

     124,940  

Equity in earnings of equity method investees

     244,453  

Others

     (292,791

Ordinary profit in the consolidated statements of income

     1,360,767  

(Notes) “Others” includes Provision for loss on interest repayment: (¥154,849) million

 

14


Mitsubishi UFJ Financial Group, Inc.

 

(Per Share Information)

 

     For the fiscal year  ended
March 31, 2017
 

Total equity per common share

     ¥1,137.77  

Basic earnings per common share

     ¥68.27  

Diluted earnings per common share

     ¥67.99  

(Notes)

 

1. The bases for the calculation of basic earnings per common share and diluted earnings per common share for the periods indicated were as follows:

 

         

For the fiscal year ended

March 31, 2017

Basic earnings per common share

     

Profits attributable to owners of parent

   million yen   

926,440 

Profits not attributable to common shareholders

   million yen   

—   

Profits attributable to owners of the parent related common shares

   million yen   

926,440 

Average number of common shares during the period

   thousand shares   

13,568,693 

Diluted earnings per common share

     

Adjustment to profits attributable to owners of the parent

   million yen    (3,095)

Adjustment related to dilutive shares of consolidated subsidiaries and others

   million yen    (3,095)

Increase in common share

   thousand shares    9,993 

Subscription rights to shares

   thousand shares    9,993 

Description of antidilutive securities which were not included in the calculation of diluted earnings per share

     

Share subscription rights issued by equity method affiliates:

Morgan Stanley
Stock options
- 8 million units as of December, 2016

 

2. The bases for the calculation of total equity per common share for the periods indicated were as follows:

 

         

For the fiscal year ended

March 31, 2017

Total equity

   million yen    16,658,394 

Deductions from total equity:

   million yen    1,378,126 

Subscription rights to shares

   million yen    407 

Non-controlling interests

   million yen    1,377,719 

Total equity attributable to common shares

   million yen    15,280,268 

Number of common shares at period end used for the calculation of total equity per common share

   thousand shares    13,429,943 

 

15


 

 

Selected Financial Information

under Japanese GAAP

For the fiscal year Ended March 31, 2017

 

 

 

 

 

 

 

 

 

Mitsubishi UFJ Financial Group, Inc.

    LOGO           


Mitsubishi UFJ Financial Group, Inc.

[Contents]       

 

1. Financial Results

 

[ MUFG Consolidated ]*1[ BTMU and MUTB Combined ]*2*3*4

[ BTMU Consolidated ][ BTMU Non-consolidated ]

[ MUTB Consolidated ][ MUTB Non-consolidated ]

    1  

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  

15. Retirement Benefits

 

[ MUFG Consolidated]

[BTMU Non-consolidated ][ MUTB Non-consolidated ]

    34  

(References)

   

2. Financial Statements

  [ BTMU Non-consolidated ][ MUTB Non-consolidated ]     37  

 

(*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 fiscal year ended     Increase  
     March 31, 2017
(A)
    March 31, 2016
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     4,011,809       4,143,202       (131,393

Gross profits before credit costs for trust accounts

     4,011,808       4,143,202       (131,393

Net interest income

     2,024,487       2,113,564       (89,077

Trust fees

     122,050       117,046       5,004  

Credit costs for trust accounts (1)

     0       0       (0

Net fees and commissions

     1,328,490       1,320,554       7,936  

Net trading profits

     290,035       306,354       (16,318

Net other operating profits

     246,744       285,682       (38,937

Net gains (losses) on debt securities

     56,871       132,928       (76,057

General and administrative expenses

     2,593,576       2,585,279       8,296  

Amortization of goodwill

     16,737       16,931       (193

Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill

     1,434,969       1,574,853       (139,884

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

     1,418,231       1,557,922       (139,690

Provision for general allowance for credit losses (2)

     (210,257     175,712       (385,970

Net operating profits*

     1,207,974       1,733,635       (525,660

Net non-recurring gains (losses)

     152,793       (194,148     346,941  

Credit costs (3)

     (9,606     (491,503     481,897  

Losses on loan write-offs

     (136,423     (143,946     7,522  

Provision for specific allowance for credit losses

     181,550       (305,131     486,682  

Other credit costs

     (54,733     (42,425     (12,307

Reversal of allowance for credit losses (4)

     —         —         —    

Reversal of reserve for contingent losses included in credit costs (5)

     —         —         —    

Gains on loans written-off (6)

     64,487       60,645       3,842  

Net gains (losses) on equity securities

     124,940       88,306       36,633  

Gains on sales of equity securities

     171,875       145,347       26,527  

Losses on sales of equity securities

     (44,378     (31,656     (12,721

Losses on write-down of equity securities

     (2,557     (25,384     22,827  

Profits (losses) from investments in affiliates

     244,453       230,415       14,037  

Other non-recurring gains (losses)

     (271,481     (82,012     (189,469
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     1,360,767       1,539,486       (178,719
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (57,539     (40,717     (16,821

Net losses on change in equity

     (45,654     (36,013     (9,641

Profits before income taxes

     1,303,228       1,498,769       (195,541

Income taxes-current

     319,060       424,814       (105,753

Income taxes-deferred

     23,116       35,389       (12,272

Total taxes

     342,177       460,204       (118,026

Profits

     961,050       1,038,565       (77,514

Profits attributable to non-controlling interests

     34,609       87,162       (52,552
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     926,440       951,402       (24,961
  

 

 

   

 

 

   

 

 

 

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)

     (155,376     (255,145     99,769  

Number of consolidated subsidiaries

     213       224       (11

Number of affiliated companies accounted for under the equity method

     58       65       (7

 

1


Mitsubishi UFJ Financial Group, Inc.

 

BTMU and MUTB Combined

 

     (in millions of yen)  
     For the fiscal year ended     Increase
(Decrease)
(A) - (B)
 
     March 31, 2017
(A)
    March 31, 2016
(B)
   

Gross profits

     2,190,471       2,395,985       (205,514

Gross profits before credit costs for trust accounts

     2,190,471       2,395,985       (205,514

Domestic gross profits

     1,280,884       1,403,459       (122,575

Net interest income

     684,142       785,955       (101,812

Trust fees

     94,645       90,917       3,727  

Credit costs for trust accounts (1)

     —         —         —    

Net fees and commissions

     387,166       388,072       (905

Net trading profits

     13,015       34,720       (21,705

Net other operating profits

     101,914       103,793       (1,879

Net gains (losses) on debt securities

     78,072       93,105       (15,032

Non-domestic gross profits

     909,587       992,525       (82,938

Net interest income

     537,616       540,512       (2,895

Net fees and commissions

     206,762       214,689       (7,926

Net trading profits

     96,227       123,133       (26,905

Net other operating profits

     68,981       114,191       (45,210

Net gains (losses) on debt securities

     (33,191     29,423       (62,615

General and administrative expenses

     1,342,025       1,314,796       27,229  

Personnel expenses

     480,593       485,797       (5,203

Non-personnel expenses

     785,425       756,043       29,381  

Taxes

     76,006       72,955       3,051  

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

     848,445       1,081,189       (232,743

Provision for general allowance for credit losses (2)

     (32,040     208,285       (240,325

Net operating profits

     816,405       1,289,474       (473,069

Net non-recurring gains (losses)

     (19,711     (219,230     199,519  

Credit costs (3)

     (83,298     (332,201     248,903  

Losses on loan write-offs

     (36,428     (43,430     7,002  

Provision for specific allowance for credit losses

     8,430       (248,863     257,293  

Other credit costs

     (55,300     (39,907     (15,393

Reversal of allowance for credit losses (4)

     45,784       —         45,784  

Reversal of reserve for contingent losses included in credit costs (5)

     607       36       570  

Gains on loans written-off (6)

     20,982       20,122       860  

Net gains (losses) on equity securities

     112,151       76,933       35,218  

Gains on sales of equity securities

     160,452       134,500       25,951  

Losses on sales of equity securities

     (46,665     (32,994     (13,671

Losses on write-down of equity securities

     (1,635     (24,573     22,937  

Other non-recurring gains (losses)

     (115,938     15,879       (131,817
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     796,694       1,070,243       (273,549
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (8,104     33,071       (41,175

Net gains (losses) on disposition of fixed assets

     2,261       9,387       (7,125

Losses on impairment of fixed assets

     (4,237     (11,100     6,862  

Losses on liquidation of equity securities of subsidiaries

     (7,941     —         (7,941

Dividends from foreign subsidiary due to the organizational restructuring

     —         14,467       (14,467

Gains on sales of equity securities of subsidiaries

     2,600       18,319       (15,718

Income before income taxes

     788,589       1,103,314       (314,725

Income taxes-current

     214,422       314,662       (100,239

Income taxes-deferred

     (27,543     42,603       (70,147

Total taxes

     186,878       357,266       (170,387
  

 

 

   

 

 

   

 

 

 

Net income

     601,710       746,048       (144,337
  

 

 

   

 

 

   

 

 

 

(Reference)

      

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

     (47,964     (103,757     55,792  

 

2


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Consolidated

 

     (in millions of yen)  
     For the fiscal year ended     Increase
(Decrease)
(A) - (B)
 
     March 31, 2017
(A)
    March 31, 2016
(B)
   

Gross profits

     2,771,308       2,932,824       (161,516

Net interest income

     1,712,876       1,788,159       (75,283

Trust fees

     13,865       13,150       714  

Net fees and commissions

     729,808       717,796       12,012  

Net trading profits

     106,750       135,629       (28,879

Net other operating profits

     208,006       278,088       (70,081

Net gains (losses) on debt securities

     44,866       116,010       (71,144

General and administrative expenses

     1,743,554       1,743,302       252  

Amortization of goodwill

     15,498       15,943       (445

Net operating profits before provision for general allowance for credit losses and amortization of goodwill

     1,043,252       1,205,466       (162,213

Net operating profits before provision for general allowance for credit losses

     1,027,753       1,189,522       (161,768

Provision for general allowance for credit losses (1)

     —         169,662       (169,662

Net operating profits*

     1,027,753       1,359,184       (331,431

Net non-recurring gains (losses)

     (35,698     (275,483     239,785  

Credit costs (2)

     (126,921     (413,323     286,401  

Losses on loan write-offs

     (71,520     (82,670     11,149  

Provision for specific allowance for credit losses

     —         (288,056     288,056  

Other credit costs

     (55,400     (42,597     (12,803

Reversal of allowance for credit losses (3)

     11,034       —         11,034  

Reversal of reserve for contingent losses included in credit costs (4)

     —         —         —    

Gains on loans written-off (5)

     44,186       39,170       5,016  

Net gains (losses) on equity securities

     96,094       73,973       22,121  

Gains on sales of equity securities

     142,947       126,056       16,890  

Losses on sales of equity securities

     (44,792     (28,831     (15,961

Losses on write-down of equity securities

     (2,060     (23,252     21,191  

Profits (losses) from investments in affiliates

     21,891       25,000       (3,108

Other non-recurring gains (losses)

     (81,982     (303     (81,678
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     992,055       1,083,701       (91,645
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (2,515     15,702       (18,218

Net gains (losses) on disposition of fixed assets

     10,734       11,006       (272

Losses on impairment of fixed assets

     (5,778     (11,011     5,232  

Gains (losses) on sales of equity securities of subsidiaries

     (226     15,595       (15,821

Losses on liquidation of equity securities of subsidiaries

     (3,236     —         (3,236

Losses on exchange of shares of affiliates

     (4,007     —         (4,007

Profits before income taxes

     989,540       1,099,404       (109,863

Income taxes-current

     234,738       322,969       (88,231

Income taxes-deferred

     10,391       27,237       (16,845

Total taxes

     245,130       350,207       (105,076

Profits

     744,409       749,196       (4,786

Profits attributable to non-controlling interests

     54,480       63,360       (8,880
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     689,929       685,835       4,093  
  

 

 

   

 

 

   

 

 

 

Note:

      

* Net operating profits = Net operating 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)

     (71,700     (204,490     132,790  

Number of consolidated subsidiaries

     127       128       (1

Number of affiliated companies accounted for under the equity method

     50       58       (8

 

3


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

 

     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2017
(A)
    March 31, 2016
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     1,808,757       2,017,254       (208,497

Domestic gross profits

     1,010,035       1,091,206       (81,170

Net interest income

     601,653       701,264       (99,610

Net fees and commissions

     285,755       288,222       (2,467

Net trading profits

     19,401       (1,672     21,074  

Net other operating profits

     103,224       103,392       (167

Net gains (losses) on debt securities

     85,973       84,927       1,046  

Non-domestic gross profits

     798,721       926,048       (127,326

Net interest income

     461,816       461,266       550  

Net fees and commissions

     202,267       209,732       (7,465

Net trading profits

     88,872       138,509       (49,636

Net other operating profits

     45,764       116,540       (70,775

Net gains (losses) on debt securities

     (52,118     22,565       (74,684

General and administrative expenses

     1,141,768       1,129,145       12,623  

Personnel expenses

     404,345       415,730       (11,385

Non-personnel expenses

     672,758       648,506       24,251  

Amortization of goodwill

     359       293       66  

Taxes

     64,664       64,907       (243

Net operating profits before provision for general allowance for credit losses and amortization of goodwill

     667,348       888,403       (221,054

Net operating profits before provision for general allowance for credit losses

     666,989       888,109       (221,120

Provision for general allowance for credit losses (1)

     —         202,639       (202,639

Net operating profits

     666,989       1,090,749       (423,760

Net non-recurring gains (losses)

     (34,783     (227,013     192,229  

Credit costs (2)

     (91,522     (325,772     234,250  

Reversal of allowance for credit losses (3)

     45,784       —         45,784  

Reversal of reserve for contingent losses included in credit costs (4)

     —         —         —    

Gains on loans written-off (5)

     20,275       19,661       613  

Net gains (losses) on equity securities

     94,823       67,816       27,007  

Gains on sales of equity securities

     140,261       117,940       22,320  

Losses on sales of equity securities

     (44,045     (27,538     (16,506

Losses on write-down of equity securities

     (1,391     (22,585     21,193  

Other non-recurring gains (losses)

     (104,144     11,281       (115,426
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     632,205       863,736       (231,530
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     78       20,966       (20,887

Net gains (losses) on disposition of fixed assets

     3,509       10,188       (6,679

Losses on impairment of fixed assets

     (394     (9,539     9,145  

Losses on liquidation of equity securities of subsidiaries

     (4,850     —         (4,850

Gains on sales of equity securities of subsidiaries

     2,600       18,319       (15,718

Income before income taxes

     632,284       884,702       (252,418

Income taxes-current

     164,367       262,781       (98,414

Income taxes-deferred

     (13,539     35,854       (49,393

Total taxes

     150,828       298,635       (147,807
  

 

 

   

 

 

   

 

 

 

Net income

     481,455       586,066       (104,610
  

 

 

   

 

 

   

 

 

 

(Reference)

      

Total credit costs (1)+(2)+(3)+(4)+(5)

     (25,462     (103,471     78,008  

Provision for general allowance for credit losses

     (157,631     202,639       (360,270

Provision for special allowance for credit losses

     203,483       (242,455     445,938  

Allowance for credit to specific foreign borrowers

     (67     896       (964

Losses on loans write-off

     (36,075     (43,410     7,334  

Provision for contingent losses included in credit costs

     (49,022     (3,205     (45,816

Gains on loans written-off

     20,275       19,661       613  

Losses on sales of other loans, etc.

     (6,424     (37,597     31,173  

 

4


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Consolidated

 

     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2017
(A)
    March 31, 2016
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     483,129       480,237       2,892  

Gross profits before credit costs for trust accounts

     483,129       480,236       2,892  

Trust fees

     108,418       104,043       4,375  

Trust fees before credit costs for trust accounts

     108,418       104,042       4,375  

Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)

     21,883       11,777       10,106  

Other trust fees

     86,534       92,264       (5,730

Credit costs for trust accounts (1)

     0       0       (0

Net interest income

     135,322       153,296       (17,973

Net fees and commissions

     205,398       196,693       8,704  

Net trading profits

     6,210       25,808       (19,597

Net other operating profits

     27,778       395       27,382  

Net gains (losses) on debt securities

     10,869       14,927       (4,058

General and administrative expenses

     289,854       264,440       25,413  

Amortization of goodwill

     1,235       1,049       185  

Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill

     194,510       216,846       (22,335

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

     193,275       215,796       (22,521

Provision for general allowance for credit losses (2)

     (32,039     5,656       (37,695

Net operating profits*

     161,236       221,453       (60,216

Net non-recurring gains (losses)

     18,143       16,927       1,215  

Credit costs (3)

     8,252       (6,507     14,759  

Losses on loan write-offs

     (386     (103     (283

Provision for specific allowance for credit losses

     8,497       (6,406     14,904  

Other credit costs

     141       2       139  

Reversal of allowance for credit losses (4)

     —         —         —    

Reversal of reserve for contingent losses included in credit costs (5)

     646       36       610  

Gains on loans written-off (6)

     784       500       283  

Net gains (losses) on equity securities

     17,386       9,130       8,256  

Gains on sales of equity securities

     20,273       16,573       3,700  

Losses on sales of equity securities

     (2,643     (5,455     2,812  

Losses on write-down of equity securities

     (243     (1,987     1,743  

Profits (losses) from investments in affiliates

     4,248       11,020       (6,771

Other non-recurring gains (losses)

     (13,175     2,747       (15,922
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     179,379       238,380       (59,000
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (7,707     (2,459     (5,248

Net gains (losses) on disposition of fixed assets

     (994     (853     (141

Losses on impairment of fixed assets

     (3,892     (1,605     (2,286

Losses on liquidation of equity securities of subsidiaries

     (2,820     —         (2,820

Profits before income taxes

     171,671       235,920       (64,249

Income taxes-current

     61,085       63,529       (2,443

Income taxes-deferred

     (15,034     1,925       (16,959

Total taxes

     46,050       65,454       (19,403

Profits

     125,620       170,466       (44,845

Profits attributable to non-controlling interests

     11,311       10,882       428  
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     114,308       159,583       (45,274
  

 

 

   

 

 

   

 

 

 

Note:

      

* Net operating profits= Net operating 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)

     (22,355     (314     (22,041

Number of consolidated subsidiaries

     51       56       (5

Number of affiliated companies accounted for under the equity method

     11       12       (1

MUTB Consolidated (combined operating results of MUTB and transferred entities to Intermediate Holding Company in the United States) In July 2016, to comply with the financial regulations in the United States, MUTB transferred the interests in its subsidiaries in the United States to the Intermediate Holding Company ("IHC") in United States which are owned by BTMU and MUFG.

 

The combined operating results of MUTB and transferred entities are as follows (the operating results of transferred entities are prepared for managerial accounting purpose):

 

 

 

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

     193,396       215,796       (22,399

Profits attributable to owners of parent

     114,383       159,583       (45,200

Number of the entities transferred to IHC

     1       —         1  

 

5


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

 

     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2017
(A)
    March 31, 2016
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     381,714       378,730       2,983  

Gross profits before credit costs for trust accounts

     381,713       378,730       2,983  

Domestic gross profits

     270,848       312,253       (41,405

Trust fees

     94,645       90,917       3,727  

Trust fees before credit costs for trust accounts

     94,644       90,917       3,727  

Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)

     21,883       11,777       10,106  

Other trust fees

     72,760       79,139       (6,378

Credit costs for trust accounts (1)

     0       0       (0

Net interest income

     82,488       84,690       (2,201

Net fees and commissions

     101,411       99,849       1,561  

Net trading profits

     (6,386     36,393       (42,780

Net other operating profits

     (1,310     401       (1,711

Net gains (losses) on debt securities

     (7,900     8,178       (16,079

Non-domestic gross profits

     110,866       66,477       44,388  

Net interest income

     75,799       79,246       (3,446

Net fees and commissions

     4,495       4,956       (461

Net trading profits

     7,354       (15,376     22,731  

Net other operating profits

     23,216       (2,349     25,565  

Net gains (losses) on debt securities

     18,927       6,858       12,069  

General and administrative expenses

     200,257       185,651       14,606  

Personnel expenses

     76,248       70,066       6,181  

Non-personnel expenses

     112,666       107,536       5,129  

Taxes

     11,341       8,047       3,294  

Net operating profits before credit costs for trust accounts and provision

     181,456       193,079       (11,622

Provision for general allowance for credit losses (2)

     (32,040     5,645       (37,686

Net operating profits

     149,416       198,725       (49,308

Net non-recurring gains (losses)

     15,072       7,782       7,289  

Credit costs (3)

     8,223       (6,428     14,652  

Reversal of allowance for credit losses (4)

     —         —         —    

Reversal of reserve for contingent losses included in credit costs (5)

     607       36       570  

Gains on loans written-off (6)

     706       460       246  

Net gains (losses) on equity securities

     17,327       9,117       8,210  

Gains on sales of equity securities

     20,191       16,559       3,631  

Losses on sales of equity securities

     (2,620     (5,455     2,835  

Losses on write-down of equity securities

     (243     (1,987     1,743  

Other non-recurring gains (losses)

     (11,793     4,597       (16,390
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     164,488       206,507       (42,018
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (8,183     12,104       (20,288

Net gains (losses) on disposition of fixed assets

     (1,248     (801     (446

Losses on impairment of fixed assets

     (3,843     (1,561     (2,282

Losses on liquidation of equity securities of subsidiaries

     (3,091     —         (3,091

Dividends from foreign subsidiary due to the organizational restructuring

     —         14,467       (14,467

Income before income taxes

     156,305       218,612       (62,307

Income taxes-current

     50,055       51,881       (1,825

Income taxes-deferred

     (14,004     6,749       (20,754

Total taxes

     36,050       58,630       (22,580
  

 

 

   

 

 

   

 

 

 

Net income

     120,254       159,981       (39,726
  

 

 

   

 

 

   

 

 

 

(Reference)

      

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

     (22,502     (286     (22,215

Credit costs for trust accounts

     0       0       (0

Provision for general allowance for credit losses

     (32,040     5,645       (37,686

Provision for special allowance for credit losses

     8,430       (6,408     14,838  

Allowance for credit to specific foreign borrowers

     (1     0       (1

Losses on loans write-offs

     (352     (20     (331

Provision for contingent losses included in credit costs

     607       36       570  

Gains on loans written-off

     706       460       246  

Losses on sales of other loans, etc.

     148       (0     148  

 

6


Mitsubishi UFJ Financial Group, Inc.

 

2. Average Interest Rate Spread

BTMU Non-consolidated

 

     (percentage per annum)  
(Domestic business segment)    For the fiscal year
ended
March 31, 2017
(A)
    Increase
(Decrease)

(A) - (B)
    For the fiscal year
ended

March 31, 2016
(B)
 

Total average interest rate on interest-earning assets (a)

     0.55       (0.06     0.62  

Average interest rate on loans and bills discounted (b)

     0.87       (0.04     0.92  

Average interest rate on securities

     0.67       (0.07     0.75  

Total average interest rate on interest-bearing liabilities (c)
<including general and administrative expenses>

     0.61       (0.05     0.67  

Average interest rate on deposits and NCD (d)

     0.00       (0.02     0.02  

Average interest rate on other liabilities

     0.24       0.04       0.20  

Overall interest rate spread (a)-(c)

     (0.05     (0.01     (0.04

Interest rate spread (b)-(d)

     0.87       (0.02     0.90  

(After excluding loans to the Japanese government and governmental organizations)

      

Average interest rate on loans and bills discounted (e)

     0.98       (0.13     1.11  

Interest rate spread (e)-(d)

     0.97       (0.10     1.08  

MUTB Non-consolidated

 

      
     (percentage per annum)  
(Domestic business segment)    For the fiscal year
ended

March 31, 2017
(A)
    Increase
      (Decrease)      
(A) - (B)
    For the fiscal year
ended

March 31, 2016
(B)
 

Total average interest rate on interest-earning assets (a)

     0.49       (0.03     0.53  

Average interest rate on loans and bills discounted (b)

     0.50       (0.16     0.67  

Average interest rate on securities

     0.86       0.12       0.74  

Total average interest rate on interest-bearing liabilities (c)

     0.12       (0.04     0.17  

Average interest rate on deposits and NCD (d)

     0.08       (0.04     0.12  

Overall interest rate spread (a)-(c)

     0.37       0.01       0.36  

Interest rate spread (b)-(d)

     0.42       (0.12     0.54  

(After excluding loans to the Japanese government and governmental organizations)

      

Average interest rate on loans and bills discounted (e)

     0.54       (0.12     0.67  

Interest rate spread (e)-(d)

     0.45       (0.08     0.54  

BTMU and MUTB Combined

 

      
     (percentage per annum)  
(Domestic business segment)    For the fiscal year
ended

March 31, 2017
(A)
    Increase
(Decrease)

(A) - (B)
    For the fiscal year
ended

March 31, 2016
(B)
 

Average interest rate on loans and bills discounted (a)

     0.81       (0.07     0.89  

Average interest rate on deposits and NCD (b)

     0.01       (0.02     0.04  

Interest rate spread (a)-(b)

     0.79       (0.05     0.85  

(After excluding loans to the Japanese government and governmental organizations)

      

Average interest rate on loans and bills discounted (c)

     0.91       (0.13     1.04  

Interest rate spread (c)-(b)

     0.89       (0.10     1.00  

 

7


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 March 31, 2017  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     1,341.6        6,122.3        13,400.2        20,864.2  

Receive-floater/pay-fix

     860.5        5,518.4        3,593.8        9,972.9  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     2,202.2        11,640.8        16,994.1        30,837.2  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

BTMU Consolidated

 

 

  
     (in billions of yen)  
     As of March 31, 2017  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     1,151.6        4,655.0        13,061.7        18,868.4  

Receive-floater/pay-fix

     604.8        3,465.2        1,558.2        5,628.2  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,756.5        8,120.2        14,620.0        24,496.7  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

MUTB Consolidated

 

 

  
     (in billions of yen)  
     As of March 31, 2017  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     190.0        1,467.3        338.4        1,995.8  

Receive-floater/pay-fix

     263.2        1,963.4        2,006.3        4,233.0  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     453.2        3,430.7        2,344.8        6,228.8  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

8


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 March 31, 2017      As of March 31, 2016  
     Amount on
consolidated
balance sheet
     Differences     Gains      Losses      Amount on
consolidated
balance sheet
     Differences     Gains      Losses  

Debt securities being held to maturity

     3,560,825        50,325       62,484        12,158        3,886,239        64,518       79,584        15,066  

Domestic bonds

     1,100,955        43,114       43,114        —          1,101,107        58,008       58,008        —    

Government bonds

     1,100,955        43,114       43,114        —          1,101,107        58,008       58,008        —    

Municipal bonds

     —          —         —          —          —          —         —          —    

Corporate bonds

     —          —         —          —          —          —         —          —    

Other

     2,459,870        7,211       19,369        12,158        2,785,132        6,510       21,576        15,066  

Foreign bonds

     1,212,321        (1,719     10,253        11,973        1,233,171        6,746       12,805        6,058  

Other

     1,247,549        8,930       9,115        185        1,551,961        (236     8,771        9,007  
     (in millions of yen)  
     As of March 31, 2017      As of March 31, 2016  
     Amount on
consolidated
balance sheet
     Differences     Gains      Losses      Amount on
consolidated
balance sheet
     Differences     Gains      Losses  

Available-for-sale securities

     54,813,148        3,139,063       3,433,950        294,887        65,518,480        3,485,297       3,706,495        221,198  

Domestic equity securities

     5,164,653        2,635,191       2,686,496        51,305        4,873,212        2,205,424       2,295,767        90,342  

Domestic bonds

     27,688,842        399,130       411,190        12,060        30,322,492        718,247       721,722        3,475  

Government bonds

     24,010,611        351,011       353,046        2,034        27,255,998        631,901       632,132        231  

Municipal bonds

     1,009,875        3,468       7,913        4,444        449,330        11,539       11,623        84  

Corporate bonds

     2,668,355        44,650       50,231        5,581        2,617,163        74,806       77,966        3,159  

Other

     21,959,652        104,742       336,263        231,521        30,322,776        561,624       689,005        127,380  

Foreign equity securities

     182,802        49,875       59,492        9,616        149,076        23,820       35,445        11,624  

Foreign bonds

     17,917,306        (8,487     154,280        162,768        26,650,433        510,987       544,870        33,883  

Other

     3,859,542        63,353       122,489        59,136        3,523,265        26,816       108,689        81,872  

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity

 

 

     (in millions of yen)  
     As of March 31, 2017      As of March 31, 2016  
     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

     14,113,212        7,132,897       4,429,887        3,114,000        10,981,410        9,274,701       6,863,891        4,303,854  

Government bonds

     13,915,176        6,273,172       2,798,360        2,124,856        10,790,809        8,548,655       5,759,365        3,258,275  

Municipal bonds

     42,038        115,764       851,782        290        10,160        106,931       328,008        4,229  

Corporate bonds

     155,997        743,959       779,744        988,853        180,440        619,115       776,517        1,041,348  

Other

     2,416,059        6,338,667       5,711,596        7,146,492        3,449,249        10,424,437       9,930,271        6,671,410  

Foreign bonds

     2,341,343        5,597,815       4,493,257        6,686,389        3,377,182        9,871,390       8,424,741        6,192,264  

Other

     74,716        740,852       1,218,339        460,103        72,067        553,047       1,505,530        479,146  

Total

     16,529,272        13,471,564       10,141,484        10,260,492        14,430,659        19,699,139       16,794,162        10,975,265  

 

9


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 March 31, 2017     As of March 31, 2016  
    Amount on
balance sheet
    Differences     Gains     Losses     Amount on
balance sheet
    Differences     Gains     Losses  

Debt securities being held to maturity

    2,348,504       52,045       52,230       185       2,653,043       57,771       66,779       9,007  

Stocks of subsidiaries and affiliates

    932,607       (8,940     41,986       50,927       843,460       (91,424     29,661       121,086  
    (in millions of yen)  
    As of March 31, 2017     As of March 31, 2016  
    Amount on
balance sheet
    Differences     Gains     Losses     Amount on
balance sheet
    Differences     Gains     Losses  

Available-for-sale securities

    37,723,034       2,347,803       2,535,654       187,850       44,773,389       2,531,495       2,713,435       181,940  

Domestic equity securities

    4,173,471       2,016,280       2,070,538       54,257       3,943,763       1,661,719       1,751,653       89,934  

Domestic bonds

    23,390,925       354,591       363,976       9,385       23,353,550       619,996       621,020       1,024  

Other

    10,158,637       (23,069     101,139       124,208       17,476,076       249,779       340,761       90,981  

Foreign equity securities

    170,335       44,257       54,416       10,158       142,546       18,227       29,916       11,688  

Foreign bonds

    7,853,982       (35,584     38,534       74,118       15,024,229       279,857       285,357       5,500  

Other

    2,134,319       (31,742     8,188       39,931       2,309,300       (48,305     25,487       73,792  

 

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity

 

 

    (in millions of yen)  
    As of March 31, 2017     As of March 31, 2016  
    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

    13,027,854       4,251,676       4,320,651       2,891,699       9,503,563       5,596,113       5,325,107       4,029,848  

Government bonds

    12,877,083       3,503,258       2,747,703       1,913,228       9,377,044       4,996,212       4,581,169       3,029,462  

Municipal bonds

    42,038       115,711       851,777       260       10,160       106,842       292,183       329  

Corporate bonds

    108,733       632,706       721,169       978,210       116,358       493,058       451,754       1,000,056  

Other

    1,660,584       2,392,988       2,059,040       3,489,562       2,072,496       5,953,081       6,055,164       2,948,188  

Foreign bonds

    1,396,678       2,204,469       1,106,191       3,128,455       1,851,875       5,671,608       4,823,497       2,659,161  

Other

    263,905       188,519       952,848       361,106       220,621       281,472       1,231,667       289,026  

Total

    14,688,438       6,644,664       6,379,691       6,381,261       11,576,060       11,549,194       11,380,271       6,978,036  

 

10


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 March 31, 2017      As of March 31, 2016  
     Amount on
balance sheet
     Differences      Gains      Losses      Amount on
balance sheet
     Differences      Gains      Losses  

Debt securities being held to maturity

     —          —          —          —          —          —          —          —    

Stocks of subsidiaries and affiliates

     52,328        33,443        33,512        69        57,771        50,968        51,070        102  
     (in millions of yen)  
     As of March 31, 2017      As of March 31, 2016  
     Amount on
balance sheet
     Differences      Gains      Losses      Amount on
balance sheet
     Differences      Gains      Losses  

Available-for-sale securities

     13,508,608        752,569        818,235        65,665        17,108,424        873,305        899,752        26,447  

Domestic equity securities

     1,036,997        551,360        557,456        6,095        974,012        470,438        484,778        14,340  

Domestic bonds

     4,369,116        43,958        46,724        2,765        7,013,586        98,263        100,843        2,580  

Other

     8,102,494        157,250        214,054        56,804        9,120,825        304,604        314,131        9,526  

Foreign equity securities

     61        36        36        —          51        26        26        0  

Foreign bonds

     6,792,918        64,280        104,484        40,204        8,367,901        228,667        235,989        7,322  

Other

     1,309,514        92,933        109,533        16,599        752,872        75,910        78,114        2,204  

 

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity

 

 

  
     (in millions of yen)  
     As of March 31, 2017      As of March 31, 2016  
     within
1 year
     1 year to
5 years
     5 years to
10 years
     over
10 years
     within
1 year
     1 year to
5 years
     5 years to
10 years
     over
10 years
 

Domestic bonds

     1,040,874        2,996,704        109,236        222,301        1,406,286        3,784,586        1,548,706        274,006  

Government bonds

     993,710        2,875,475        50,657        211,628        1,342,229        3,658,650        1,178,195        228,813  

Municipal bonds

     —          53        5        29        —          88        35,825        3,900  

Corporate bonds

     47,164        121,176        58,574        10,642        64,057        125,847        334,685        41,292  

Other

     386,827        2,630,231        2,708,421        1,620,210        809,569        3,407,239        3,072,071        1,445,720  

Foreign bonds

     386,642        2,177,646        2,608,448        1,620,180        774,774        3,145,573        3,021,564        1,425,989  

Other

     184        452,585        99,973        29        34,795        261,666        50,507        19,731  

Total

     1,427,702        5,626,936        2,817,657        1,842,511        2,215,856        7,191,826        4,620,778        1,719,726  

 

11


Mitsubishi UFJ Financial Group, Inc.

 

5. ROE

MUFG Consolidated

 

     (%)  
     For the fiscal year
ended
March 31, 2017
(A)
     Increase
(Decrease)
(A) - (B)
    For the fiscal year
ended
March 31, 2016
(B)
 

ROE

     7.25        (0.37     7.63  

Note:

ROE is computed as follows:

 

Profits attributable to owners of parent   

 

 

 

×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

  

 

12


Mitsubishi UFJ Financial Group, Inc.

 

6. Risk-Adjusted Capital Ratio

 

MUFG Consolidated    (in billions of yen)  
     As of
March 31, 2017
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
    As of
September 30, 2016
 

(1)    Total capital ratio (4)/(7)

     15.85     (0.15 )%      16.01     16.56

(2)    Tier 1 capital ratio (5)/(7)

     13.36     0.12     13.24     13.50

(3)    Common Equity Tier 1 capital ratio (6)/(7)

     11.76     0.13     11.63     12.20

(4)    Total capital

     18,076.1       134.3       17,941.8       17,424.3  

(5)    Tier 1 capital

     15,232.4       393.1       14,839.2       14,205.5  

(6)    Common Equity Tier 1 capital

     13,413.8       374.0       13,039.8       12,839.4  

(7)    Risk weighted assets

     113,986.3       1,922.0       112,064.3       105,206.2  

(8)    Required Capital (7)×8%

     9,118.9       153.7       8,965.1       8,416.4  
BTMU Consolidated    (in billions of yen)  
     As of
March 31, 2017
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
    As of
September 30, 2016
 

(1)    Total capital ratio (4)/(7)

     15.28     (0.38 )%      15.66     16.20

(2)    Tier 1 capital ratio (5)/(7)

     12.70     (0.01 )%      12.71     12.93

(3)    Common Equity Tier 1 capital ratio (6)/(7)

     11.14     0.05     11.08     11.64

(4)    Total capital

     14,053.4       40.2       14,013.2       13,545.6  

(5)    Tier 1 capital

     11,680.7       305.5       11,375.2       10,816.6  

(6)    Common Equity Tier 1 capital

     10,245.8       328.0       9,917.7       9,733.5  

(7)    Risk weighted assets

     91,960.0       2,503.4       89,456.6       83,596.9  

(8)    Required Capital (7)×8%

     7,356.8       200.2       7,156.5       6,687.7  
MUTB Consolidated    (in billions of yen)  
     As of
March 31, 2017
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
    As of
September 30, 2016
 

(1)    Total capital ratio (4)/(7)

     19.80     (0.16 )%      19.97     20.43

(2)    Tier 1 capital ratio (5)/(7)

     16.94     0.12     16.82     17.15

(3)    Common Equity Tier 1 capital ratio (6)/(7)

     15.87     (0.13 )%      16.01     16.38

(4)    Total capital

     2,406.5       35.4       2,371.0       2,359.8  

(5)    Tier 1 capital

     2,058.4       61.8       1,996.6       1,981.4  

(6)    Common Equity Tier 1 capital

     1,928.9       28.3       1,900.6       1,891.9  

(7)    Risk weighted assets

     12,149.1       280.8       11,868.3       11,549.4  

(8)    Required Capital (7)×8%

     971.9       22.4       949.4       923.9  
BTMU Non-consolidated    (in billions of yen)  
     As of
March 31, 2017
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
    As of
September 30, 2016
 

(1)    Total capital ratio (4)/(7)

     16.70     (0.80 )%      17.51     18.37

(2)    Tier 1 capital ratio (5)/(7)

     13.88     (0.37 )%      14.25     14.73

(3)    Common Equity Tier 1 capital ratio (6)/(7)

     12.04     (0.26 )%      12.30     12.97

(4)    Total capital

     12,823.3       (9.9     12,833.3       12,819.0  

(5)    Tier 1 capital

     10,655.5       208.8       10,446.7       10,279.9  

(6)    Common Equity Tier 1 capital

     9,247.7       228.2       9,019.4       9,050.2  

(7)    Risk weighted assets

     76,757.5       3,479.6       73,277.9       69,770.1  

(8)    Required Capital (7)×8%

     6,140.6       278.3       5,862.2       5,581.6  
MUTB Non-consolidated    (in billions of yen)  
     As of
March 31, 2017
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
    As of
September 30, 2016
 

(1)    Total capital ratio (4)/(7)

     20.48     (0.59 )%      21.08     21.81

(2)    Tier 1 capital ratio (5)/(7)

     17.45     (0.00 )%      17.45     18.07

(3)    Common Equity Tier 1 capital ratio (6)/(7)

     16.35     (0.22 )%      16.58     17.17

(4)    Total capital

     2,426.4       67.7       2,358.7       2,372.4  

(5)    Tier 1 capital

     2,067.0       114.0       1,952.9       1,965.6  

(6)    Common Equity Tier 1 capital

     1,937.5       82.0       1,855.5       1,867.7  

(7)    Risk weighted assets

     11,844.9       656.7       11,188.1       10,874.5  

(8)    Required Capital (7)×8%

     947.5       52.5       895.0       869.9  

 

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.

 

13


Mitsubishi UFJ Financial Group, Inc.

 

7. Risk-Monitored Loans

MUFG Consolidated

(1) Risk-Monitored Loans

 

    (in millions of yen)  
    As of
March 31, 2017
(A)
    % to total loans
and bills discounted
    As of
March 31, 2016
(B)
    % to total loans
and bills discounted
    Increase
(Decrease)
(A) - (B)
    % to total loans
and bills discounted
 

Loans to bankrupt borrowers

    46,498       0.04     54,913       0.04     (8,415     (0.00 )% 

Non-accrual delinquent loans

    738,103       0.67     1,110,576       0.97     (372,472     (0.29 )% 

Accruing loans contractually past due 3 months or more

    46,301       0.04     51,620       0.04     (5,318     (0.00 )% 

Restructured loans

    708,354       0.64     438,767       0.38     269,587       0.26

Total risk monitored loans

    1,539,258       1.41     1,655,877       1.45     (116,619     (0.04 )% 

Total loans and bills discounted

    109,005,231         113,756,325         (4,751,093  

Written-off

    377,463         397,076         (19,613  
(2) Allowance for Credit Losses  
    (in millions of yen)  
    As of
March 31, 2017
(A)
    % to total risk
monitored loans
    As of
March 31, 2016
(B)
    % to total risk
monitored loans
    Increase
(Decrease)
(A) - (B)
    % to total risk
monitored loans
 

Allowance for credit losses

    957,350       62.19     1,057,585       63.86     (100,235     (1.67 )% 

General allowance for credit losses

    743,895         571,689         172,206    

Specific allowance for credit losses

    213,065         485,577         (272,512  

Allowance for credit to specific foreign borrowers

    388         318         69    
(3) Classification of Risk-Monitored Loans            

 

Classified by Geographic Area    (in millions of yen)  
     As of
March 31, 2017
(A)
     As of
March 31, 2016
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     1,064,741        1,177,149        (112,407

Overseas

     474,516        478,728        (4,211

Asia

     142,367        145,343        (2,975

Indonesia

     5,946        7,451        (1,504

Singapore

     14,558        18,414        (3,856

Thailand

     106,546        93,510        13,036  

Hong Kong

     215        —          215  

China

     —          3,488        (3,488

Other

     15,099        22,477        (7,378

Americas

     216,085        199,432        16,652  

Europe, Middle East and Other

     116,064        133,952        (17,888
  

 

 

    

 

 

    

 

 

 

Total

     1,539,258        1,655,877        (116,619
  

 

 

    

 

 

    

 

 

 

 

Classified by Industry    (in millions of yen)  
     As of
March 31, 2017
(A)
     As of
March 31, 2016
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     1,064,741        1,177,149        (112,407

Manufacturing

     425,381        430,858        (5,477

Construction

     16,299        20,705        (4,406

Wholesale and retail

     135,785        164,429        (28,644

Finance and insurance

     737        1,466        (728

Real estate, goods rental and leasing

     67,336        90,620        (23,283

Services

     51,944        67,387        (15,443

Other industries

     23,849        32,828        (8,978

Consumer

     343,406        368,852        (25,446

Overseas

     474,516        478,728        (4,211

Financial institutions

     7,672        14,361        (6,689

Commercial and industrial

     329,547        319,456        10,090  

Other

     137,297        144,910        (7,613
  

 

 

    

 

 

    

 

 

 

Total

     1,539,258        1,655,877        (116,619
  

 

 

    

 

 

    

 

 

 

 

14


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

(1) Risk-Monitored Loans

 

    (in millions of yen)  
    As of
March 31, 2017
(A)
    % to total  loans
and bills discounted
    As of
March 31, 2016
(B)
    % to total  loans
and bills discounted
    Increase
(Decrease)
(A) - (B)
    % to total  loans
and bills discounted
 

Loans to bankrupt borrowers

    35,746       0.04     46,057       0.05     (10,311     (0.00 )% 

Non-accrual delinquent loans

    476,342       0.58     851,173       0.98     (374,830     (0.39 )% 

Accruing loans contractually past due 3 months or more

    45,938       0.05     54,585       0.06     (8,646     (0.00 )% 

Restructured loans

    525,466       0.64     276,441       0.31     249,025       0.32

Total risk monitored loans

    1,083,494       1.33     1,228,257       1.41     (144,763     (0.08 )% 

Total loans and bills discounted

    81,394,063         86,691,727         (5,297,663  

Written-off

    307,219         309,542         (2,322  

(2) Allowance for Credit Losses

 

 

    (in millions of yen)  
    As of
March 31, 2017
(A)
    % to total  risk
monitored loans
    As of
March 31, 2016
(B)
    % to total risk
monitored loans
    Increase
(Decrease)
(A) - (B)
    % to total risk
monitored loans
 

Allowance for credit losses

    563,216       51.98     665,588       54.18     (102,372     (2.20 )% 

General allowance for credit losses

    446,887         290,081         156,805    

Specific allowance for credit losses

    115,942         375,188         (259,245  

Allowance for credit to specific foreign borrowers

    386         318         67    
(3) Classification of Risk-Monitored Loans            
Classified by Geographic Area    (in millions of yen)  
     As of
March 31, 2017
(A)
     As of
March 31, 2016
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     829,903        972,296        (142,393

Overseas

     253,591        255,960        (2,369

Asia

     29,866        44,823        (14,957

Indonesia

     102        2,979        (2,877

Singapore

     14,558        18,414        (3,856

Thailand

     4        —          4  

Hong Kong

     215        —          215  

China

     —          3,380        (3,380

Other

     14,985        20,048        (5,063

Americas

     107,660        77,184        30,475  

Europe, Middle East and Other

     116,064        133,952        (17,888
  

 

 

    

 

 

    

 

 

 

Total

     1,083,494        1,228,257        (144,763
  

 

 

    

 

 

    

 

 

 

 

Classified by Industry    (in millions of yen)  
     As of
March 31, 2017
(A)
     As of
March 31, 2016
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     829,903        972,296        (142,393

Manufacturing

     375,263        405,969        (30,705

Construction

     15,628        20,003        (4,375

Wholesale and retail

     134,286        162,914        (28,628

Finance and insurance

     715        1,443        (727

Real estate

     58,504        79,324        (20,819

Goods rental and leasing

     2,347        2,720        (373

Services

     51,080        67,072        (15,992

Other industries

     23,540        32,500        (8,959

Consumer

     168,535        200,346        (31,810

Overseas

     253,591        255,960        (2,369

Financial institutions

     7,589        14,290        (6,701

Commercial and industrial

     190,984        181,531        9,452  

Other

     55,017        60,138        (5,121
  

 

 

    

 

 

    

 

 

 

Total

     1,083,494        1,228,257        (144,763
  

 

 

    

 

 

    

 

 

 

 

15


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(1) Risk-Monitored Loans

 

    (in millions of yen)  
    As of
March 31, 2017
(A)
    % to total loans
and bills discounted
    As of
March 31, 2016
(B)
    % to total loans
and bills discounted
    Increase
(Decrease)
(A) - (B)
    % to total loans
and bills discounted
 

Loans to bankrupt borrowers

    530       0.00     526       0.00     4       (0.00 )% 

Non-accrual delinquent loans

    9,611       0.06     32,576       0.24     (22,964     (0.17 )% 

Accruing loans contractually past due 3 months or more

    79       0.00     214       0.00     (134     (0.00 )% 

Restructured loans

    55,523       0.38     9,886       0.07     45,637       0.31

Total risk monitored loans

    65,746       0.46     43,203       0.32     22,542       0.13

Total loans and bills discounted

    14,283,249         13,192,538         1,090,710    

Written-off

    7,626         7,459         167    

(2) Allowance for Credit Losses

 

 

    (in millions of yen)  
    As of
March 31,  2017
(A)
    % to total  risk
monitored loans
    As of
March 31, 2016
(B)
    % to total risk
monitored loans
    Increase
(Decrease)
(A) - (B)
    % to total  risk
monitored loans
 

Allowance for credit losses

    59,306       90.20     37,084       85.83     22,222       4.36

General allowance for credit losses

    58,395         26,355         32,040    

Specific allowance for credit losses

    908         10,729         (9,820  

Allowance for credit to specific foreign borrowers

    1         0         1    

(3) Classification of Risk-Monitored Loans

 

Classified by Geographic Area    (in millions of yen)  
     As of
March 31, 2017
(A)
     As of
March 31, 2016
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     65,273        43,181        22,091  

Overseas

     472        22        450  

Asia

     472        —          472  

Indonesia

     —          —          —    

Singapore

     —          —          —    

Thailand

     472        —          472  

China

     —          —          —    

Other

     —          —          —    

Americas

     —          22        (22

Europe, Middle East and Other

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Total

     65,746        43,203        22,542  
  

 

 

    

 

 

    

 

 

 
Classified by Industry    (in millions of yen)  
     As of
March 31,  2017
(A)
     As of
March 31,  2016
(B)
     Increase
(Decrease)

(A) -  (B)
 

Domestic

     65,273        43,181        22,091  

Manufacturing

     50,092        24,857        25,234  

Construction

     653        684        (30

Wholesale and retail

     1,348        1,353        (4

Finance and insurance

     —          —          —    

Real estate

     6,436        8,524        (2,088

Goods rental and leasing

     —          —          —    

Services

     851        296        555  

Other industries

     303        322        (18

Consumer

     5,587        7,143        (1,555

Overseas

     472        22        450  

Financial institutions

     —          —          —    

Commercial and industrial

     472        —          472  

Other

     —          22        (22
  

 

 

    

 

 

    

 

 

 

Total

     65,746        43,203        22,542  
  

 

 

    

 

 

    

 

 

 

 

16


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
March 31, 2017
(A)
    % to total loans
and  bills discounted
    As of
March 31, 2016
(B)
    % to total loans
and  bills discounted
    Increase
(Decrease)
(A) - (B)
    % to total loans
and  bills discounted
 

Loans to bankrupt borrowers

    3       0.01     11       0.04     (7     (0.02 )% 

Non-accrual delinquent loans

    0       0.00     0       0.00     (0     (0.00 )% 

Accruing loans contractually past due 3 months or more

    9       0.04     5       0.02     3       0.02

Restructured loans

    234       1.28     606       2.62     (371     (1.34 )% 

Total risk monitored loans

    247       1.35     623       2.69     (376     (1.34 )% 

Total loans and bills discounted

    18,293         23,111         (4,818  

(2) Allowance for Credit Losses

 

     (in millions of yen)  
     As of
March 31, 2017
(A)
     As of
March 31, 2016
(B)
     Increase
(Decrease)
(A) - (B)
 

Allowance for bad debts

     55        69        (13
(3) Classification of Risk-Monitored Loans  

Classified by Industry

        
     (in millions of yen)  
     As of
March 31, 2017
(A)
     As of
March 31, 2016
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     247        623        (376

Manufacturing

     —          —          —    

Construction

     —          —          —    

Wholesale and retail

     —          —          —    

Finance and insurance

     —          —          —    

Real estate

     200        564        (363

Goods rental and leasing

     —          —          —    

Services

     —          —          —    

Other industries

     —          —          —    

Consumer

     46        59        (12
  

 

 

    

 

 

    

 

 

 

Total

     247        623        (376
  

 

 

    

 

 

    

 

 

 

 

17


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
March 31, 2017
(A)
    As of
March 31, 2016
(B)
    Increase
(Decrease)

(A) - (B)
 

Bankrupt or De facto Bankrupt

         119,803       118,819       984  

Doubtful

         426,284       846,495       (420,211

Special Attention

         627,162       341,635       285,526  

Non Performing Loans (1)

         1,173,249       1,306,950       (133,700

Normal

         104,240,643       108,009,909       (3,769,265

Total

         105,413,893       109,316,859       (3,902,966

Non Performing Loans / Total

         1.11     1.19     (0.08 )% 

(2) Status of Coverage of Non Performing Loans

 

 

 
                 (in millions of yen)  
                 As of
March 31, 2017
(A)
    As of
March 31, 2016
(B)
    Increase
(Decrease)

(A) - (B)
 

Covered amount (2)

         940,324       1,096,492       (156,168

Allowance for credit losses

         351,634       461,495       (109,861

Collateral, guarantees, etc.

         588,690       634,997       (46,307

Coverage ratio (2) / (1)

         80.14     83.89     (3.75 )% 
(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

     119,803       10,772       109,031         100.00
     [118,819     [17,327     [101,491       [100.00 %] 

Doubtful

     426,284       104,933       244,227         81.90
     [846,495     [355,601     [348,378       [83.16 %] 

Special Attention

     627,162       235,928       235,431         75.15
     [341,635     [88,566     [185,127       [80.11 %] 

Total

     1,173,249       351,634       588,690         80.14
     [1,306,950     [461,495     [634,997       [83.89 %] 

Note:  The upper figures are as of March 31, 2017. The lower figures with brackets are as of March 31, 2016.

 

(4) Classified by Industry

 

   

 

 
                 (in millions of yen)  
                 As of
March 31, 2017
(A)
    As of
March 31, 2016
(B)
    Increase
(Decrease)
(A) - (B)
 

Domestic

         903,729       1,043,076       (139,347

Manufacturing

         425,959       446,091       (20,131

Construction

         16,418       20,787       (4,369

Wholesale and retail

         139,910       172,559       (32,649

Finance and insurance

         2,008       2,777       (768

Real estate

         65,365       88,661       (23,295

Goods rental and leasing

         2,347       2,722       (374

Services

         52,500       67,852       (15,352

Other industries

         24,654       33,701       (9,047

Consumer

         174,565       207,921       (33,356

Overseas

         269,520       263,873       5,646  

Financial institutions

         7,779       14,290       (6,511

Commercial and industrial

         206,723       189,422       17,300  

Other

         55,017       60,160       (5,143

Total

         1,173,249       1,306,950       (133,700

 

18


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

(1) Non Performing Loans

 

     (in millions of yen)  
     As of
March 31, 2017
(A)
    As of
March 31, 2016
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

     117,714       116,853       861  

Doubtful

     418,034       815,231       (397,196

Special Attention

     571,405       331,026       240,378  

Non Performing Loans (1)

     1,107,154       1,263,111       (155,956

Normal

     89,636,105       94,370,441       (4,734,335

Total

     90,743,260       95,633,552       (4,890,292

Non Performing Loans / Total

     1.22     1.32     (0.10 )% 
(2) Status of Coverage of Non Performing Loans       
     (in millions of yen)  
     As of
March 31, 2017
(A)
    As of
March 31, 2016
(B)
    Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     896,314       1,059,742       (163,427

Allowance for credit losses

     325,433       447,041       (121,607

Collateral, guarantees, etc.

     570,881       612,701       (41,819

Coverage ratio (2) / (1)

     80.95     83.89     (2.94 )% 

(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

     117,714       10,679       107,034       100.00     100.00
     [116,853     [17,316     [99,536     [100.00 %]      [100.00 %] 

Doubtful

     418,034       104,577       236,899       57.73     81.68
     [815,231     [345,361     [331,408     [71.38 %]      [83.01 %] 

Special Attention

     571,405       210,175       226,947       61.01     76.49
     [331,026     [84,363     [181,756     [56.51 %]      [80.39 %] 

Total

     1,107,154       325,433       570,881       60.68     80.95
     [1,263,111     [447,041     [612,701     [68.73 %]      [83.89 %] 

Note:  The upper figures are as of March 31, 2017. The lower figures with brackets are as of March 31, 2016.

   

 

(4) Classified by Industry

 

     (in millions of yen)  
     As of
March 31, 2017
(A)
     As of
March 31, 2016
(B)
     Increase
(Decrease)
(A) - (B)
 

Domestic

     838,106        999,259        (161,153

Manufacturing

     375,867        421,233        (45,366

Construction

     15,764        20,103        (4,339

Wholesale and retail

     138,561        171,206        (32,645

Finance and insurance

     2,008        2,777        (768

Real estate

     58,728        79,572        (20,843

Goods rental and leasing

     2,347        2,722        (374

Services

     51,648        67,556        (15,907

Other industries

     24,350        33,379        (9,028

Consumer

     168,829        200,707        (31,878

Overseas

     269,047        263,851        5,196  

Financial institutions

     7,779        14,290        (6,511

Commercial and industrial

     206,250        189,422        16,828  

Other

     55,017        60,138        (5,121

Total

     1,107,154        1,263,111        (155,956

 

19


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(1) Non Performing Loans

 

                 (in millions of yen)  
                 As of
March 31, 2017
(A)
    As of
March 31, 2016
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

         2,085       1,954       131  

Doubtful

         8,159       31,159       (23,000

Special Attention

         55,603       10,101       45,502  

Non Performing Loans (1)

         65,848       43,215       22,632  

Normal

         14,586,491       13,616,979       969,511  

Total

         14,652,339       13,660,195       992,144  

Non Performing Loans / Total

         0.44     0.31     0.13
(2) Status of Coverage of Non Performing Loans           
                 (in millions of yen)  
                 As of
March 31, 2017
(A)
    As of
March 31, 2016
(B)
    Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

         43,762       36,260       7,502  

Allowance for credit losses

         26,201       14,454       11,746  

Collateral, guarantees, etc.

         17,561       21,805       (4,244

Coverage ratio (2) / (1)

         66.46     83.90     (17.44 )% 
(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

     2,085       92       1,993       100.00     100.00
     [1,954     [10     [1,943     [100.00 %]      [100.00 %] 

Doubtful

     8,159       355       7,238       38.66     93.07
     [31,159     [10,239     [16,879     [71.70 %]      [87.03 %] 

Special Attention

     55,603       25,753       8,330       54.47     61.29
     [10,101     [4,203     [2,982     [59.05 %]      [71.14 %] 

Total

     65,848       26,201       17,561       54.26     66.46
     [43,215     [14,454     [21,805     [67.51 %]      [83.90 %] 

Note:  The upper figures are as of March 31, 2017. The lower figures with brackets are as of March 31, 2016.

 

(4) Classified by Industry

 

 

                 (in millions of yen)  
                 As of
March 31, 2017
(A)
    As of
March 31, 2016
(B)
    Increase
(Decrease)
(A) - (B)
 

Domestic

         65,375       43,193       22,181  

Manufacturing

         50,092       24,857       25,234  

Construction

         653       684       (30

Wholesale and retail

         1,348       1,353       (4

Finance and insurance

         —         —         —    

Real estate

         6,436       8,524       (2,088

Goods rental and leasing

         —         —         —    

Services

         851       296       555  

Other industries

         303       322       (18

Consumer

         5,689       7,155       (1,465

Overseas

         472       22       450  

Financial institutions

         —         —         —    

Commercial and industrial

         472       —         472  

Other

         —         22       (22

Total

         65,848       43,215       22,632  

 

20


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
March 31, 2017
(A)
    As of
March 31, 2016
(B)
    Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

         3       11       (7

Doubtful

         90       104       (13

Special Attention

         153       507       (354

Non Performing Loans (1)

         247       623       (376

Normal

         18,046       22,488       (4,442

Total

         18,293       23,111       (4,818

Non Performing Loans / Total

         1.35     2.69     (1.34 )% 

(2) Status of Coverage of Non Performing Loans

 

 

     
                 (in millions of yen)  
                 As of
March 31,  2017
(A)
    As of
March 31, 2016
(B)
    Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

         247       490       (243

Allowance for credit losses

         —         —         —    

Collateral, guarantees, etc.

         247       490       (243

Coverage ratio (2) / (1)

         100.00     78.65     21.34

(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

     3             3         100.00
     [11     [—     [11       [100.00 %] 

Doubtful

     90             90         100.00
     [104     [—     [90       [87.31 %] 

Special Attention

     153             153         100.00
     [507     [—     [387       [76.38 %] 

Total

     247             247         100.00
     [623     [—     [490       [78.65 %] 

Note: The upper figures are as of March 31, 2017. The lower figures with brackets are as of March 31, 2016.

 

(4) Classified by Industry

 

          
                 (in millions of yen)  
                 As of
March 31,  2017
(A)
    As of
March 31,  2016
(B)
    Increase
(Decrease)
(A) - (B)
 

Domestic

         247       623       (376

Manufacturing

         —         —         —    

Construction

         —         —         —    

Wholesale and retail

         —         —         —    

Finance and insurance

         —         —         —    

Real estate

         200       564       (363

Goods rental and leasing

         —         —         —    

Services

         —         —         —    

Other industries

         —         —         —    

Consumer

         46       59       (12

Total

         247       623       (376

 

21


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

 

  [109.0]   [9.6]  

 

[1.1]

 

(*1)

     

 

100.00%

     

i) Bankrupt or

De facto Bankrupt

 

[119.7]

     

Loans to bankrupt borrowers

 

[36.2]

 

 

Substantially
Bankrupt
Borrowers

 

                   

Non-accrual

delinquent loans

 

[485.9]

 

Potentially
Bankrupt
Borrowers

 

  [244.4]   [181.7]           57.63%      

ii) Doubtful

 

[426.1]

     
               

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

 

  [627.0]           60.22%      

iii) Special Attention

 

[627.0]

     

Accruing loans contractually past due

3 months or more

 

[46.0]

 

                         

 

Restructured loans

 

[580.9]

 

           
                             
           

Borrowers
Requiring
Caution
(Other
Borrowers)

 

                 

iv) Normal

 

[104,222.5]

 

 

         

 

Normal
Borrowers

 

                         
   
                Non-Performing Loans Based on the “FRL”       Risk-Monitored Loans
                i) + ii) + iii)      
                1,173.0       1,149.2
                Total      
                i) + ii) + iii) + iv)      
                105,395.5      

 

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

 

22


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, 2014
     As of
March 31, 2015
     As of
March 31, 2016
(A)
     As of
March 31, 2017
(B)
     (B) - (A)  

Assets newly categorized during fiscal 2013

     195,312        121,427        86,518        41,754        (44,764

Assets newly categorized during fiscal 2014

        98,674        61,087        40,744        (20,343

Assets newly categorized during fiscal 2015

           500,907        96,342        (404,564

Assets newly categorized during fiscal 2016

              156,527     

(2) Progress in Disposition of Problem Assets

 

     (in millions of yen)  
     For the fiscal year ended March 31, 2017  
            Bankrupt or
De facto  Bankrupt
     Doubtful  

Liquidation

     5,436        

Reconstructive treatment

     39,667        

Upgrade due to reconstructive treatment

     —          

Loan sold to secondary market

     7,314        

Write-offs

     51,432        

Others

     449,013        

Collection / Repayment

     70,468        

Upgrade

     378,545        
  

 

 

    

 

 

    

 

 

 

Total

     552,863        39,386        513,477  
  

 

 

    

 

 

    

 

 

 

Amount in process for disposition

     105,095        

 

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.

 

23


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, 2014
     As of
March 31, 2015
     As of
March 31, 2016
(A)
     As of
March 31, 2017
(B)
     (B) - (A)  

Assets newly categorized during fiscal 2013

     6,315        3,069        2,510        700        (1,810

Assets newly categorized during fiscal 2014

        7,495        1,730        265        (1,464

Assets newly categorized during fiscal 2015

           18,743        883        (17,860

Assets newly categorized during fiscal 2016

              1,872     

(2) Progress in Disposition of Problem Assets

 

     (in millions of yen)  
     For the fiscal year ended March 31, 2017  
            Bankrupt or
De facto Bankrupt
     Doubtful  

Liquidation

     —          

Reconstructive treatment

     —          

Upgrade due to reconstructive treatment

     —          

Loan sold to secondary market

     1,501        

Write-offs

     1,632        

Others

     22,017        

Collection / Repayment

     2,811        

Upgrade

     19,206        
  

 

 

    

 

 

    

 

 

 

Total

     25,151        427        24,723  
  

 

 

    

 

 

    

 

 

 

Amount in process for disposition

     2,245        

 

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.

 

24


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
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     67,397,147       (5,292,048     72,689,196  

Manufacturing

     10,580,756       (227,008     10,807,764  

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     152,075       (7,383     159,458  

Construction

     766,745       (53,852     820,597  

Utilities

     1,565,430       (13,821     1,579,251  

Communication and information services

     1,418,047       133,618       1,284,429  

Transport and postal activities

     2,225,080       36,157       2,188,923  

Wholesale and retail

     6,471,760       29,701       6,442,059  

Finance and insurance

     8,518,592       40,265       8,478,327  

Real estate

     8,901,544       189,704       8,711,840  

Goods rental and leasing

     2,072,931       209,882       1,863,049  

Services

     2,579,513       62,746       2,516,767  

Municipal government

     569,706       (36,687     606,393  

Other industries (including loans to the Japanese government)

     21,574,955       (5,655,370     27,230,325  

Overseas offices and loans booked at offshore markets

     28,484,402       1,138,761       27,345,641  
  

 

 

   

 

 

   

 

 

 

Total

     95,881,550       (4,153,287     100,034,837  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
March 31, 2017

(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Total domestic consumer loans

     16,543,759       177,628       16,366,131  

Housing loans

     15,720,290       149,504       15,570,786  

Residential purpose

     13,606,632       264,299       13,342,333  

Other

     823,468       28,124       795,344  

 

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

 

      
     (in millions of yen)  
     As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Outstanding amount

     40,190,996       627,935       39,563,061  

% to total domestic loans

     59.63     5.20     54.42

 

25


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

(1) Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     55,332,793       (6,403,920     61,736,714  

Manufacturing

     8,550,896       (219,227     8,770,123  

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     148,985       (6,599     155,584  

Construction

     671,563       (44,480     716,043  

Utilities

     1,217,529       1,937       1,215,592  

Communication and information services

     1,129,337       74,616       1,054,721  

Transport and postal activities

     1,571,068       (23,611     1,594,679  

Wholesale and retail

     5,558,195       27,643       5,530,552  

Finance and insurance

     5,982,815       (180,659     6,163,474  

Real estate

     6,980,650       83,941       6,896,709  

Goods rental and leasing

     1,319,589       155,929       1,163,660  

Services

     2,427,865       56,387       2,371,478  

Municipal government

     562,257       (35,121     597,378  

Other industries (including loans to the Japanese government)

     19,212,044       (6,294,677     25,506,721  

Overseas offices and loans booked at offshore markets

     26,061,269       1,106,256       24,955,012  
  

 

 

   

 

 

   

 

 

 

Total

     81,394,063       (5,297,663     86,691,727  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

 

     (in millions of yen)  
     As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Total domestic consumer loans

     15,183,840       194,063       14,989,776  

Housing loans

     14,365,000       165,113       14,199,887  

Residential purpose

     12,395,614       256,536       12,139,077  

Other

     818,840       28,950       789,889  

 

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

 

 

     (in millions of yen)  
     As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016

(B)
 

Outstanding amount

     34,153,811       244,917       33,908,894  

% to total domestic loans

     61.72     6.79     54.92

 

26


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(1) Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     11,860,116       1,058,206       10,801,910  

Manufacturing

     2,029,860       (7,781     2,037,641  

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     3,090       (784     3,874  

Construction

     95,182       (9,372     104,554  

Utilities

     347,901       (15,758     363,659  

Communication and information services

     288,710       59,002       229,708  

Transport and postal activities

     654,012       59,768       594,244  

Wholesale and retail

     913,565       2,058       911,507  

Finance and insurance

     2,529,685       221,742       2,307,943  

Real estate

     1,915,672       108,769       1,806,903  

Goods rental and leasing

     753,342       53,953       699,389  

Services

     151,644       6,360       145,284  

Municipal government

     2,660       (1,508     4,168  

Other industries (including loans to the Japanese government)

     2,174,783       581,758       1,593,025  

Overseas offices and loans booked at offshore markets

     2,423,132       32,504       2,390,628  
  

 

 

   

 

 

   

 

 

 

Total

     14,283,249       1,090,710       13,192,538  
  

 

 

   

 

 

   

 

 

 

(2) Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Total domestic consumer loans

     1,351,609       (14,869     1,366,478  

Housing loans

     1,347,027       (14,073     1,361,100  

Residential purpose

     1,203,359       9,182       1,194,177  

Other

     4,582       (795     5,377  

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

 

      
     (in millions of yen)  
     As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Outstanding amount

     5,843,829       328,476       5,515,353  

% to total domestic loans

     49.27     (1.78 )%      51.05

 

27


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     204,237       53,665       150,571  

Manufacturing

     —         —         —    

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

     —         —         —    

Construction

     —         —         —    

Utilities

     —         —         —    

Communication and information services

     —         —         —    

Transport and postal activities

     —         —         —    

Wholesale and retail

     —         —         —    

Finance and insurance

     6,092       (818     6,910  

Real estate

     5,222       (3,006     8,228  

Goods rental and leasing

     —         —         —    

Services

     4       (1     5  

Municipal government

     4,789       (58     4,847  

Other industries (including loans to the Japanese government)

     188,128       57,549       130,579  

Overseas offices and loans booked at offshore markets

     —         —         —    
  

 

 

   

 

 

   

 

 

 

Total

     204,237       53,665       150,571  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Total domestic consumer loans

     8,309       (1,565     9,875  

Housing loans

     8,263       (1,535     9,798  

Residential purpose

     7,658       (1,420     9,078  

Other

     46       (30     76  

 

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

 

      
     (in millions of yen)  
     As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Outstanding amount

     193,356       54,542       138,814  

% to total domestic loans

     94.67     2.48     92.19

 

28


Mitsubishi UFJ Financial Group, Inc.

 

11. Overseas Loans

BTMU and MUTB Combined

 

     (in millions of yen)  
     As of
March 31, 2017
(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Americas

     13,158,077        1,030,808       12,127,269  

United States of America

     8,336,794        788,087       7,548,706  

Caribbean countries

     2,498,113        (237,069     2,735,182  

Canada

     820,548        558,848       261,699  

Brazil

     618,205        (29,648     647,854  

Mexico

     422,363        (2,942     425,305  

Chile

     213,144        (5,888     219,033  

Columbia

     121,605        (24,010     145,615  

Others

     127,305        (16,570     143,875  

Asia/Oceania

     9,812,573        394,907       9,417,664  

Hong Kong

     2,200,861        94,494       2,106,366  

Australia

     2,034,257        123,137       1,911,119  

Singapore

     1,452,126        209,964       1,242,161  

Indonesia

     840,789        (10,747     851,537  

India

     744,723        39,117       705,605  

South Korea

     634,537        102,541       531,996  

Taiwan

     432,696        55,031       377,664  

Malaysia

     298,108        (242,467     540,576  

New Zealand

     266,322        14,692       251,630  

Vietnam

     248,122        29,015       219,107  

Thailand

     207,636        (34,333     241,969  

Philippines

     205,168        18,540       186,628  

China

     135,691        (42,261     177,953  

Others

     111,537        38,184       73,353  

EMEA

     7,414,429        (200,817     7,615,247  

United Kingdom

     2,099,127        (70,396     2,169,523  

Netherlands

     745,023        14,072       730,950  

Saudi Arabia

     608,638        109,147       499,491  

Germany

     492,653        (41,997     534,650  

Qatar

     436,530        21,250       415,279  

UAE

     424,807        (26,085     450,893  

France

     423,873        (36,359     460,233  

Luxembourg

     266,799        (31,442     298,241  

South Africa

     197,509        54,291       143,218  

Switzerland

     182,333        (9,631     191,965  

Turkey

     180,818        (845     181,663  

Ireland

     165,192        45,180       120,011  

Italy

     141,630        (67,176     208,807  

Spain

     121,753        (54,919     176,673  

Belgium

     121,710        (41,168     162,878  

Others

     806,034        (64,739     870,772  

Others

     284        (680     965  
  

 

 

    

 

 

   

 

 

 

Total

     30,385,363        1,224,218       29,161,145  
  

 

 

    

 

 

   

 

 

 

 

Note: In addition to the (non-consolidated basis) loan balance stated above, five major overseas subsidiaries have the following loan balances in the consolidated financial statements.
     MUFG Americas Holdings Corporation: ¥8,802,958 million (a 455,718 million yen decrease as compared with March 31, 2016.)
     Bank of Ayudhya Public Company Limited: ¥3,662,848 million (a 194,539 million yen increase as compared with March 31, 2016.)
     Bank of Tokyo-Mitsubishi UFJ (China), Ltd.: ¥1,316,372 million (a 164,864 million yen decrease as compared with March 31, 2016.)
     MUFG Bank (Europe) N.V.: ¥700,700 million (a 101,672 million yen increase as compared with March 31, 2016.)
     Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad: ¥451,386 million (a 18,564 million yen decrease as compared with March 31, 2016.)

 

29


Mitsubishi UFJ Financial Group, Inc.

 

12. Loans and Deposits

BTMU and MUTB Combined

 

     (in millions of yen)  
     As of
March 31, 2017
(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016

(B)
 

Deposits (ending balance)

     155,498,777        10,166,780       145,331,997  

Deposits (average balance)

     149,718,788        11,672,662       138,046,126  

Loans (ending balance)

     95,677,312        (4,206,952     99,884,265  

Loans (average balance)

     97,494,781        316,998       97,177,782  
BTMU Non-consolidated  
     (in millions of yen)  
     As of
March 31, 2017
(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Deposits (ending balance)

     139,164,104        7,177,522       131,986,582  

Deposits (average balance)

     135,613,401        10,345,428       125,267,973  

Loans (ending balance)

     81,394,063        (5,297,663     86,691,727  

Loans (average balance)

     83,916,295        (534,571     84,450,867  
MUTB Non-consolidated  
     (in millions of yen)  
     As of
March 31, 2017

(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Deposits (ending balance)

     16,334,673        2,989,257       13,345,415  

Deposits (average balance)

     14,105,387        1,327,234       12,778,152  

Loans (ending balance)

     14,283,249        1,090,710       13,192,538  

Loans (average balance)

     13,578,485        851,570       12,726,915  

 

30


Mitsubishi UFJ Financial Group, Inc.

 

13. Domestic Deposits

BTMU and MUTB Combined

 

                                                                          
     (in millions of yen)  
     As of
March 31, 2017
(A)
     Increase
(Decrease)
(A) - (B)
     As of
March 31, 2016
(B)
 

Individuals

     73,093,302        2,024,665        71,068,636  

Corporations and others

     61,050,366        8,268,055        52,782,310  

Domestic deposits

     134,143,669        10,292,721        123,850,947  

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

                                                                          
BTMU Non-consolidated  
     (in millions of yen)  
     As of
March 31, 2017
(A)
     Increase
(Decrease)
(A) - (B)
     As of
March 31, 2016
(B)
 

Individuals

     65,352,462        2,193,823        63,158,639  

Corporations and others

     54,147,045        5,394,401        48,752,644  

Domestic deposits

     119,499,507          7,588,224        111,911,283  

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

                                                                          
MUTB Non-consolidated  
     (in millions of yen)  
     As of
March 31, 2017
(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Individuals

     7,740,840        (169,157     7,909,997  

Corporations and others

     6,903,320        2,873,654       4,029,666  

Domestic deposits

       14,644,161          2,704,497         11,939,663  

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

 

31


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
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Deferred tax assets

     531.3       4.4       526.8  

Allowance for credit losses

     242.9       (24.9     267.8  

Write-down on investment securities

     100.5       (16.9     117.5  

Unrealized losses on Available-for-sale securities

     10.6       (8.6     19.2  

Reserve for retirement benefits

     97.9       (0.7     98.7  

Other

     201.6       17.5       184.1  

Valuation allowance

     (122.4     38.2       (160.6

Deferred tax liabilities

     886.8       (207.8     1,094.7  

Unrealized gains on Available-for-sale securities

     671.5       (84.7     756.3  

Net deferred gains on hedges

     65.4       (121.9     187.4  

Revaluation gains on securities upon merger

     62.2       0.2       62.0  

Gains on securities contributed to employees’ retirement benefits trust

     48.7       (1.0     49.8  

Other

     38.8       (0.2     39.0  

Net deferred tax assets

     (355.5     212.3       (567.8

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

 

     (in billions of yen)  
     FY2011       FY2012         FY2013         FY2014         FY2015         FY2016    

Net operating profits before provision for general allowance for credit losses

     1,022.8       1,001.5       855.9       931.4       888.1       666.9  

Total credit costs

     (125.3     (56.6     17.0       (70.7     (103.4     (25.4

Income before income taxes

     739.5       877.4       984.7       860.2       884.7       632.2  

Reconciliation to taxable income

     (305.1     (561.4     (336.2     (12.6     (113.3     (92.6

Taxable income

     434.3       316.0       648.5       847.5       771.3       539.6  

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

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

 

32


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
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Deferred tax assets

     48.0       (13.0     61.1  

Gains on securities related to employees’ retirement benefits trust

     22.2       7.4       14.8  

Allowance for credit losses

     19.2       6.8       12.4  

Write-down on investment securities

     8.9       (1.5     10.5  

Deferred losses on hedging instruments

     0.1       (29.6     29.8  

Other

     31.7       0.6       31.0  

Valuation allowance

     (34.2     3.2       (37.5

Deferred tax liabilities

     277.9       (37.4     315.4  

Unrealized gains on Available-for-sale securities

     219.5       (40.2     259.8  

Reserve for retirement benefits

     46.5       2.4       44.0  

Other

     11.9       0.3       11.5  

Net deferred tax assets

     (229.8     24.4       (254.3

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

 

     (in billions of yen)  
       FY2011         FY2012         FY2013         FY2014         FY2015         FY2016    

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

     148.1       162.2       162.9       190.4       193.0       181.4  

Total credit costs

     (9.2     (8.6     18.0       (0.4     (0.2     (22.5

Income before income taxes

     113.5       173.5       184.4       201.4       218.6       156.3  

Reconciliation to taxable income

     (30.2     (84.9     (94.3     (40.4     (68.1     1.8  

Taxable income

     83.3       88.6       90.1       160.9       150.4       158.1  

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

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

 

33


Mitsubishi UFJ Financial Group, Inc.

 

15. Retirement Benefits

MUFG Consolidated

(1) Benefit obligation

 

         (in millions of yen)  
         As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Projected benefit obligation (reserve type)

   (A)     2,281,064       (61,920     2,342,984  

Projected benefit obligation (non-reserve type)

   (B)     50,690       1,319       49,370  

Fair value of plan assets

   (C)     (2,874,087     (166,567     (2,707,520

Net amount recorded on the Consolidated Balance Sheet

   (A) + (B) - (C)     (542,332     (227,167     (315,164

Net defined benefit liability

       59,045       (3,745     62,791  

Net defined benefit asset

       (601,377     (223,422     (377,955

 

(2) Net periodic cost of retirement benefits

 

        
         (in millions of yen)  
         For the fiscal year
ended
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    For the fiscal year
ended
March 31, 2016
(B)
 

Net periodic cost of retirement benefits regarding defined benefit pension plans

       64,216       34,539       29,677  

Service cost

       63,434       568       62,866  

Interest cost

       29,747       (6,750     36,497  

Expected return on plan assets

       (93,944     (1,384     (92,559

Amortization of unrecognized prior service cost

       (5,043     3,872       (8,916

Amortization of unrecognized net actuarial loss

       62,357       38,004       24,353  

Other

       7,666       229       7,436  

(3) Assumptions used in calculation of projected benefit obligation

 

     As of March 31, 2017  

Discount rates

     Domestic consolidated subsidiaries        0.00% ~ 0.97%  
     Overseas consolidated subsidiaries        1.80% ~ 11.39%  

Expected return

     Domestic consolidated subsidiaries        (0.05)% ~ 4.10%  
     Overseas consolidated subsidiaries        2.40% ~ 11.39%  

 

34


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

(1) Benefit obligation

 

         (in millions of yen)  
         As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Projected benefit obligation

 

(A)

     1,441,465       (49,750     1,491,216  

Discount rates

       0.6% ~ 0.9       0.5% ~ 0.7

Fair value of plan assets

 

(B)

     1,731,253       111,608       1,619,644  

Prepaid pension cost

 

(C)

     270,907       12,796       258,110  

Reserve for retirement benefits

 

(D)

     8,939       428       8,510  

Total amount unrecognized

 

(A) - (B) + (C) - (D)

     (27,819     (148,990     121,170  

Unrecognized net actuarial loss

       (19,254     (150,830     131,576  

Unrecognized prior service cost

       (8,565     1,839       (10,405
(2) Net periodic cost         
         (in millions of yen)  
         For the fiscal  year
ended
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    For the fiscal  year
ended
March 31, 2016
(B)
 

Net periodic cost of retirement benefits

       54,455       21,411       33,043  

Service cost

       34,519       335       34,184  

Interest cost

       11,978       (3,384     15,362  

Expected return on plan assets

       (40,213     (4,845     (35,368

Amortization of unrecognized prior service cost

       (1,841     1,898       (3,740

Amortization of unrecognized net actuarial loss

       39,419       27,103       12,315  

Other

       10,593       302       10,290  

 

35


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(1) Benefit obligation

 

          (in millions of yen)  
          As of
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2016
(B)
 

Projected benefit obligation

   (A)      328,576       (13,049     341,625  

Discount rates

        0.6% ~ 0.9       0.5% ~ 0.7

Fair value of plan assets

   (B)      579,525       32,901       546,624  

Prepaid pension cost

   (C)      271,938       9,139       262,799  

Reserve for retirement benefits

   (D)      1,154       1,154       —    

Total amount unrecognized

   (A) - (B) + (C) - (D)      19,835       (37,965     57,800  

Unrecognized net actuarial loss

        17,152       (38,308     55,460  

Unrecognized prior service cost

        2,682       342       2,340  

(2) Net periodic cost

         
          (in millions of yen)  
          For the fiscal  year
ended
March 31, 2017
(A)
    Increase
(Decrease)
(A) - (B)
    For the fiscal  year
ended
March 31, 2016
(B)
 

Net periodic cost of retirement benefits

        1,362       16,948       (15,586

Service cost

        7,167       792       6,375  

Interest cost

        2,227       (1,082     3,309  

Expected return on plan assets

        (19,522     4,579       (24,102

Amortization of unrecognized prior service cost

        (1,378     2,320       (3,698

Amortization of unrecognized net actuarial loss

        12,427       10,338       2,089  

Other

        441       (0     441  

 

36


Mitsubishi UFJ Financial Group, Inc.

 

(Reference)

2. Financial Statements

BTMU Non-consolidated

(1) Non-consolidated Balance Sheets

 

                                                 
(in millions of yen)    As of
     March 31, 2016    
    As of
     March 31, 2017    
 

Assets:

    

Cash and due from banks

     36,988,806       48,385,157  

Call loans

     196,063       231,509  

Receivables under resale agreements

     47,258       348,126  

Receivables under securities borrowing transactions

     446,292       5,569,376  

Monetary claims bought

     3,822,799       4,113,172  

Trading assets

     6,224,030       5,445,506  

Money held in trust

     57,656       24,145  

Securities

     48,913,432       42,235,515  

Loans and bills discounted

     86,691,727       81,394,063  

Foreign exchanges

     1,529,192       1,760,583  

Other assets

     7,881,852       6,877,190  

Tangible fixed assets

     858,747       855,651  

Intangible fixed assets

     380,570       375,430  

Prepaid pension costs

     258,110       270,907  

Customers’ liabilities for acceptances and guarantees

     6,630,945       6,867,455  

Allowance for credit losses

     (665,588     (563,216
  

 

 

   

 

 

 

Total assets

     200,261,895       204,190,574  
  

 

 

   

 

 

 

 

37


Mitsubishi UFJ Financial Group, Inc.

 

                                                 
(in millions of yen)    As of
    March 31, 2016    
    As of
    March 31, 2017    
 

Liabilities:

    

Deposits

     131,986,582       139,164,104  

Negotiable certificates of deposit

     6,796,352       6,536,329  

Call money

     167,028       372,403  

Payables under repurchase agreements

     10,415,799       4,417,551  

Payables under securities lending transactions

     1,892,928       3,042,298  

Commercial papers

     1,445,681       1,661,486  

Trading liabilities

     4,868,717       3,809,622  

Borrowed money

     11,445,727       16,425,610  

Foreign exchanges

     2,331,337       2,381,315  

Bonds payable

     4,304,538       3,269,912  

Other liabilities

     6,576,505       5,342,066  

Reserve for bonuses

     27,423       25,508  

Reserve for bonuses to directors

     110       114  

Reserve for stocks payment

     —         5,003  

Reserve for retirement benefits

     8,510       8,939  

Reserve for loyalty award credits

     1,348       1,375  

Reserve for contingent losses

     43,808       152,279  

Deferred tax liabilities

     567,867       355,549  

Deferred tax liabilities for land revaluation

     122,901       120,147  

Acceptances and guarantees

     6,630,945       6,867,455  
  

 

 

   

 

 

 

Total liabilities

     189,634,113       193,959,075  
  

 

 

   

 

 

 

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

     3,231,459       3,267,614  

Revenue reserve

     190,044       190,044  

Other retained earnings

     3,041,414       3,077,570  

Funds for retirement benefits

     2,432       2,432  

Other reserve

     718,196       718,196  

Earned surplus brought forward

     2,320,785       2,356,941  

Treasury stock

     (645,700     (645,700
  

 

 

   

 

 

 

Total shareholders’ equity

     8,175,992       8,212,148  
  

 

 

   

 

 

 

Net unrealized gains (losses) on available-for-sale securities

     1,794,305       1,642,412  

Net deferred gains (losses) on hedging instruments

     423,084       148,777  

Land revaluation excess

     234,399       228,160  
  

 

 

   

 

 

 

Total valuation and translation adjustments

     2,451,789       2,019,351  
  

 

 

   

 

 

 

Total net assets

     10,627,781       10,231,499  
  

 

 

   

 

 

 

Total liabilities and net assets

     200,261,895       204,190,574  
  

 

 

   

 

 

 

 

38


Mitsubishi UFJ Financial Group, Inc.

 

BTMU Non-consolidated

(2) Non-consolidated Statements of Income

 

                                                 
(in millions of yen)    For the fiscal  year
ended
    March 31, 2016    
     For the fiscal  year
ended
    March 31, 2017    
 

Ordinary income

     2,925,593        3,072,712  

Interest income

     1,582,079        1,667,790  

Interest on loans and bills discounted

     960,297        1,037,377  

Interest and dividends on securities

     471,589        474,162  

Fees and commissions

     665,589        660,690  

Trading income

     136,836        108,274  

Other operating income

     354,684        391,834  

Other ordinary income

     186,403        244,122  

Ordinary expenses

     2,061,857        2,440,506  

Interest expenses

     419,577        604,334  

Interest on deposits

     141,389        164,908  

Fees and commissions

     167,634        172,667  

Other operating expenses

     134,752        242,845  

General and administrative expenses

     1,145,579        1,189,031  

Other ordinary expenses

     194,313        231,628  
  

 

 

    

 

 

 

Ordinary profits

     863,736        632,205  
  

 

 

    

 

 

 

Extraordinary gains

     39,371        11,780  

Extraordinary losses

     18,405        11,701  
  

 

 

    

 

 

 

Income before income taxes

     884,702        632,284  
  

 

 

    

 

 

 

Income taxes - current

     262,781        164,367  

Income taxes - deferred

     35,854        (13,539
  

 

 

    

 

 

 

Total taxes

     298,635        150,828  
  

 

 

    

 

 

 

Net income

     586,066        481,455  
  

 

 

    

 

 

 

 

39


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(1) Non-consolidated Balance Sheets

 

                                                 
(in millions of yen)    As of
    March 31, 2016    
    As of
    March 31, 2017    
 

Assets:

    

Cash and due from banks

     6,590,057       10,689,804  

Call loans

     240,231       267,590  

Receivables under securities borrowing transactions

     886,878       114,804  

Monetary claims bought

     523       15  

Trading assets

     372,594       553,416  

Money held in trust

     13,040       10,681  

Securities

     17,426,047       13,829,880  

Loans and bills discounted

     13,192,538       14,283,249  

Foreign exchanges

     36,875       77,433  

Other assets

     723,209       827,574  

Tangible fixed assets

     150,154       146,688  

Intangible fixed assets

     57,496       62,020  

Prepaid pension costs

     262,799       271,938  

Customers’ liabilities for acceptances and guarantees

     405,141       260,386  

Allowance for credit losses

     (37,084     (59,306
  

 

 

   

 

 

 

Total assets

     40,320,504       41,336,180  
  

 

 

   

 

 

 

 

40


Mitsubishi UFJ Financial Group, Inc.

 

                                                 
(in millions of yen)    As of
    March 31, 2016    
    As of
    March 31, 2017    
 

Liabilities:

    

Deposits

     13,345,415       16,334,673  

Negotiable certificates of deposit

     4,573,223       4,710,181  

Call money

     193,932       54,450  

Payables under repurchase agreements

     5,205,060       4,782,495  

Payables under securities lending transactions

     1,926,430       799,923  

Commercial papers

     628,243       540,057  

Trading liabilities

     150,560       139,686  

Borrowed money

     2,110,470       2,661,461  

Foreign exchanges

     418       38,157  

Short-term bonds payable

     126,993       239,999  

Bonds payable

     847,129       872,719  

Due to trust accounts

     7,152,449       6,738,770  

Other liabilities

     1,150,631       660,310  

Reserve for bonuses

     4,564       4,884  

Reserve for bonuses to directors

     41       57  

Reserve for stocks payment

     —         3,416  

Reserve for retirement benefits

     —         1,154  

Reserve for contingent losses

     7,632       7,478  

Deferred tax liabilities

     254,316       229,884  

Deferred tax liabilities for land revaluation

     4,336       4,335  

Acceptances and guarantees

     405,141       260,386  
  

 

 

   

 

 

 

Total liabilities

     38,086,991       39,084,484  
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     324,279       324,279  

Capital surplus

     422,083       422,083  

Capital reserve

     250,619       250,619  

Other capital surplus

     171,464       171,464  

Retained earnings

     943,842       977,978  

Revenue reserve

     73,714       73,714  

Other retained earnings

     870,128       904,264  

Funds for retirement benefits

     710       710  

Other reserve

     138,495       138,495  

Earned surplus brought forward

     730,923       765,059  
  

 

 

   

 

 

 

Total shareholders’ equity

     1,690,205       1,724,341  
  

 

 

   

 

 

 

Net unrealized gains (losses) on available-for-sale securities

     614,205       529,191  

Net deferred gains (losses) on hedging instruments

     (67,592     (344

Land revaluation excess

     (3,305     (1,493
  

 

 

   

 

 

 

Total valuation and translation adjustments

     543,306       527,353  
  

 

 

   

 

 

 

Total net assets

     2,233,512       2,251,695  
  

 

 

   

 

 

 

Total liabilities and net assets

     40,320,504       41,336,180  
  

 

 

   

 

 

 

 

41


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(2) Non-consolidated Statements of Income

 

                                                 
(in millions of yen)    For the fiscal  year
ended
    March 31, 2016    
     For the fiscal  year
ended
    March 31, 2017    
 

Ordinary income

     571,346        622,721  

Trust fees

     90,917        94,645  

Interest income

     250,600        287,012  

Interest on loans and bills discounted

     92,660        99,323  

Interest and dividends on securities

     149,543        173,452  

Fees and commissions

     134,922        136,963  

Trading income

     21,536        1,017  

Other operating income

     46,704        73,617  

Other ordinary income

     26,664        29,465  

Ordinary expenses

     364,838        458,232  

Interest expenses

     86,686        128,740  

Interest on deposits

     23,442        24,583  

Fees and commissions

     30,115        31,056  

Trading expenses

     518        49  

Other operating expenses

     48,652        51,711  

General and administrative expenses

     185,319        212,608  

Other ordinary expenses

     13,545        34,066  
  

 

 

    

 

 

 

Ordinary profits

     206,507        164,488  
  

 

 

    

 

 

 

Extraordinary gains

     14,548        248  

Extraordinary losses

     2,443        8,432  
  

 

 

    

 

 

 

Income before income taxes

     218,612        156,305  
  

 

 

    

 

 

 

Income taxes - current

     51,881        50,055  

Income taxes - deferred

     6,749        (14,004
  

 

 

    

 

 

 

Total taxes

     58,630        36,050  
  

 

 

    

 

 

 

Net income

     159,981        120,254  
  

 

 

    

 

 

 

 

42


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, 2016    
     As of
    March 31, 2017    
 

Assets:

     

Loans and bills discounted

     150,571        204,237  

Securities

     53,614,888        53,054,465  

Beneficiary rights to the trust

     53,719,802        58,907,613  

Securities held in custody accounts

     3,339,160        3,259,572  

Monetary claims

     9,369,779        13,051,405  

Tangible fixed assets

     11,636,006        12,493,551  

Intangible fixed assets

     193,150        207,803  

Other claims

     4,364,029        3,950,126  

Call loans

     103,070        705,784  

Due from banking account

     12,745,624        9,100,260  

Cash and due from banks

     4,474,306        5,731,968  
  

 

 

    

 

 

 

Total

     153,710,390        160,666,790  
  

 

 

    

 

 

 

Liabilities:

     

Money trusts

     20,470,160        21,817,433  

Pension trusts

     14,950,257        12,741,687  

Property formation benefit trusts

     8,033        7,549  

Investment trusts

     58,519,398        63,323,815  

Money entrusted other than money trusts

     3,463,944        3,372,911  

Securities trusts

     5,350,832        5,399,262  

Monetary claim trusts

     8,799,495        12,195,074  

Equipment trusts

     59,923        66,298  

Land and fixtures trusts

     65,884        44,291  

Composite trusts

     42,022,461        41,698,466  
  

 

 

    

 

 

 

Total

     153,710,390        160,666,790  
  

 

 

    

 

 

 
Note:   1.  

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

The Master Trust Bank of Japan, Ltd.

  2.   Trust assets and liabilities under a declaration of trust excluded from above table are 1,507 millions of yen as of March 31, 2017.

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, 2016    
     As of
    March 31, 2017    
 

Assets:

     

Loans and bills discounted

     23,111        18,293  

Securities

     116,704        89,677  

Other

     6,985,751        6,581,417  
  

 

 

    

 

 

 

Total

     7,125,567        6,689,388  
  

 

 

    

 

 

 

Liabilities:

     

Principal

     7,111,058        6,678,398  

Allowance for bad debts

     69        55  

Other

     14,439        10,934  
  

 

 

    

 

 

 

Total

         7,125,567            6,689,388  
  

 

 

    

 

 

 

 

43


Mitsubishi UFJ Financial Group, Inc.

 

MUTB Non-consolidated

(4) Major Items

 

                                                 
(in millions of yen)    As of
    March 31, 2016    
     As of
    March 31, 2017    
 

Total funds

     53,347,090        55,611,525  
  

 

 

    

 

 

 

Deposits

     13,345,415        16,334,673  

Negotiable certificates of deposit

     4,573,223        4,710,181  

Money trusts

     20,470,160        21,817,433  

Pension trusts

     14,950,257        12,741,687  

Property formation benefit trusts

     8,033        7,549  
  

 

 

    

 

 

 

Loans and bills discounted

     13,343,110        14,487,486  
  

 

 

    

 

 

 

Banking account

     13,192,538        14,283,249  

Trust account

     150,571        204,237  
  

 

 

    

 

 

 

Investment securities

     71,040,936        66,884,346  
  

 

 

    

 

 

 

 

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.

 

44