UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of August 2022
Commission File No. 000-54189
MITSUBISHI UFJ FINANCIAL GROUP, INC.
(Translation of registrants 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. 333-242048) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: August 2, 2022
Mitsubishi UFJ Financial Group, Inc. | ||
By: | /s/ Toshinao Endo | |
Name: | Toshinao Endo | |
Title: | Managing Director, Head of Documentation & Corporate Secretary Department, Corporate Administration Division |
Consolidated Summary Report
<under Japanese GAAP>
for the three months ended June 30, 2022
August 2, 2022
Company name: |
Mitsubishi UFJ Financial Group, Inc. | |
Stock exchange listings: |
Tokyo, Nagoya, New York | |
Code number: |
8306 | |
URL |
https://www.mufg.jp/ | |
Representative: |
Hironori Kamezawa, President & Group CEO | |
For inquiry: |
Masahisa Takahashi, Managing Director, | |
TEL 050-3613-1179 | ||
Quarterly securities report issuing date: |
August 12, 2022 | |
Dividend payment date: |
- | |
Trading accounts: |
Established | |
Supplemental information for quarterly financial statements: |
Available | |
Quarterly investor meeting presentation: |
None |
(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Data for the Three Months ended June 30, 2022
(1) | Results of Operations |
(% represents the change from the same period in the previous fiscal year) | ||||||||||||||||||||||||
Ordinary Income | Ordinary Profits | Profits Attributable to Owners of Parent |
||||||||||||||||||||||
million yen | % | million yen | % | million yen | % | |||||||||||||||||||
For the three months ended |
||||||||||||||||||||||||
June 30, 2022 |
2,163,890 | 43.9 | 262,961 | (42.9 | ) | 113,685 | (70.3 | ) | ||||||||||||||||
June 30, 2021 |
1,503,727 | (11.4 | ) | 460,323 | 65.7 | 383,082 | 108.8 |
(*) | Comprehensive income |
June 30, 2022: (80,407) million yen, - % ; June 30, 2021: 770,361 million yen, 116.8%
Basic earnings per share |
Diluted earnings per share |
|||||||
yen | yen | |||||||
For the three months ended |
||||||||
June 30, 2022 |
9.03 | 8.94 | ||||||
June 30, 2021 |
29.84 | 29.75 |
(2) | Financial Conditions |
Total Assets | Total Net Assets |
Equity-to-asset ratio (*) |
||||||||||
million yen | million yen | % | ||||||||||
As of |
||||||||||||
June 30, 2022 |
386,909,204 | 17,632,812 | 4.3 | |||||||||
March 31, 2022 |
373,731,910 | 17,988,245 | 4.6 |
(Reference) Shareholders equity as of June 30, 2022: 16,637,623 million yen; March 31, 2022: 17,023,773 million yen
(*) | Equity-to-asset ratio is computed under the formula shown below |
(Total net assets - Non-controlling interests) / Total assets
2. Dividends on Common Stock
Dividends per Share | ||||||||||||||||||||
1st quarter-end |
2nd quarter-end |
3rd quarter-end |
Fiscal year-end |
Total | ||||||||||||||||
yen | yen | yen | yen | yen | ||||||||||||||||
For the fiscal year |
||||||||||||||||||||
ended March 31, 2022 |
| 13.50 | | 14.50 | 28.00 | |||||||||||||||
ending March 31, 2023 |
| |||||||||||||||||||
ending March 31, 2023 (Forecast) |
16.00 | | 16.00 | 32.00 |
(*) | Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report : None |
3. Earnings Target for the Fiscal Year ending March 31, 2023 (Consolidated)
MUFG has the target of 1,000.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2023. (There is no change to our earnings target released on May 16, 2022.)
MUFG is engaged in financial service businesses such as banking business, trust banking business, securities business and credit card/loan businesses. Because there are various uncertainties caused by economic situation, market environments and other factors in these businesses, MUFG discloses a target of its profits attributable to owners of parent instead of a forecast of its performance.
ø Notes
(1) | Changes in significant subsidiaries during the period: No |
(2) | Adoption of any particular accounting methods for quarterly consolidated financial statements: No |
(3) | Changes in accounting policies, changes in accounting estimates and restatements |
(A) Changes in accounting policies due to revision of accounting standards: Yes
(B) Changes in accounting policies due to reasons other than (A): No
(C) Changes in accounting estimates: No
(D) Restatements: No
(4) | Number of common stocks outstanding at the end of the period |
(A) Total stocks outstanding including treasury stocks: |
June 30, 2022 | 13,281,995,120 shares | ||||
March 31, 2022 | 13,281,995,120 shares | |||||
(B) Treasury stocks: |
June 30, 2022 | 772,573,182 shares | ||||
March 31, 2022 | 667,296,084 shares | |||||
(C) Average outstanding stocks: |
Three months ended June 30, 2022 | 12,586,897,926 shares | ||||
Three months ended June 30, 2021 | 12,839,240,666 shares |
ø This Consolidated Summary Report(QuarterlyTanshin) is outside the scope of the external auditors quarterly review procedure.
ø 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 companys 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. To date, we have published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report. |
Mitsubishi UFJ Financial Group, Inc.
(Appendix)
Contents of Appendix
1. Consolidated Financial Statements and Notes |
2 | |||
(1) Consolidated Balance Sheets |
2 | |||
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income |
4 | |||
(3) Notes on Going-Concern Assumption |
6 | |||
(4) Notes for Material Changes in Shareholders Equity |
6 | |||
(5) Changes in Accounting Policies |
6 | |||
(6) Additional Information |
6 |
Supplemental Information:
Selected Financial Information under Japanese GAAP For the Three Months Ended June 30, 2022
1
Mitsubishi UFJ Financial Group, Inc.
1. Consolidated Financial Statements and Notes
(1) Consolidated Balance Sheets
(in millions of yen) | As of March 31, 2022 |
As of June 30, 2022 |
||||||
Assets: |
||||||||
Cash and due from banks |
110,763,205 | 110,101,177 | ||||||
Call loans and bills bought |
872,268 | 656,436 | ||||||
Receivables under resale agreements |
12,308,310 | 14,507,321 | ||||||
Receivables under securities borrowing transactions |
4,517,952 | 3,952,255 | ||||||
Monetary claims bought |
6,466,822 | 7,435,299 | ||||||
Trading assets |
17,704,455 | 18,461,510 | ||||||
Money held in trust |
1,332,492 | 1,306,609 | ||||||
Securities |
79,560,579 | 82,452,916 | ||||||
Loans and bills discounted |
110,426,224 | 114,489,785 | ||||||
Foreign exchanges |
2,300,859 | 2,500,532 | ||||||
Other assets |
14,050,293 | 16,477,203 | ||||||
Tangible fixed assets |
1,236,012 | 1,242,818 | ||||||
Intangible fixed assets |
1,344,225 | 1,408,091 | ||||||
Net defined benefit assets |
1,374,607 | 1,418,614 | ||||||
Deferred tax assets |
213,922 | 244,088 | ||||||
Customers liabilities for acceptances and guarantees |
10,481,838 | 11,381,831 | ||||||
Allowance for credit losses |
(1,222,162 | ) | (1,127,285 | ) | ||||
|
|
|
|
|||||
Total assets |
373,731,910 | 386,909,204 | ||||||
|
|
|
|
|||||
Liabilities: |
||||||||
Deposits |
215,427,299 | 220,140,251 | ||||||
Negotiable certificates of deposit |
10,938,831 | 12,477,801 | ||||||
Call money and bills sold |
2,429,791 | 2,727,985 | ||||||
Payables under repurchase agreements |
27,619,262 | 32,437,853 | ||||||
Payables under securities lending transactions |
1,072,578 | 428,999 | ||||||
Commercial papers |
2,108,531 | 2,875,866 | ||||||
Trading liabilities |
12,397,702 | 15,086,597 | ||||||
Borrowed money |
31,763,332 | 29,042,090 | ||||||
Foreign exchanges |
2,182,400 | 2,831,869 | ||||||
Short-term bonds payable |
1,316,803 | 1,473,999 | ||||||
Bonds payable |
13,257,347 | 14,531,600 | ||||||
Due to trust accounts |
12,811,123 | 10,340,769 | ||||||
Other liabilities |
10,861,695 | 12,750,353 | ||||||
Reserve for bonuses |
136,724 | 122,805 | ||||||
Reserve for bonuses to directors |
1,866 | 1,184 | ||||||
Reserve for stocks payment |
8,437 | 9,611 | ||||||
Net defined benefit liabilities |
86,355 | 89,881 | ||||||
Reserve for retirement benefits to directors |
812 | 669 | ||||||
Reserve for loyalty award credits |
17,113 | 18,342 | ||||||
Reserve for contingent losses |
232,291 | 202,541 | ||||||
Reserves under special laws |
4,656 | 4,680 | ||||||
Deferred tax liabilities |
492,451 | 205,861 | ||||||
Deferred tax liabilities for land revaluation |
94,414 | 92,943 | ||||||
Acceptances and guarantees |
10,481,838 | 11,381,831 | ||||||
|
|
|
|
|||||
Total liabilities |
355,743,665 | 369,276,392 | ||||||
|
|
|
|
2
Mitsubishi UFJ Financial Group, Inc. Net assets: 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 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 Non-controlling interests Total net assets Total liabilities and net assets 3
Mitsubishi UFJ Financial Group, Inc. (2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Consolidated Statements of Income Ordinary income Interest income Interest on loans and bills discounted Interest and dividends on securities Trust fees Fees and commissions Trading income Other operating income Other ordinary income Ordinary expenses Interest expense Interest on deposits Fees and commissions Trading expenses Other operating expenses General and administrative expenses Other ordinary expenses Ordinary profits Extraordinary gains Gains on disposition of fixed assets Gains on change in equity Extraordinary losses Losses on disposition of fixed assets Losses on impairment of fixed assets Provision for reserve for contingent liabilities from financial instruments transactions Losses on change in equity Profits before income taxes Income taxes-current Income taxes-deferred Total taxes Profits Profits attributable to non-controlling interests Profits attributable to owners of parent 4
Mitsubishi UFJ Financial Group, Inc. Consolidated Statements of Comprehensive Income Profits Other comprehensive income Net unrealized gains (losses) on available-for-sale
securities Net deferred gains (losses) on hedging instruments Foreign currency translation adjustments Remeasurements of defined benefit plans Share of other comprehensive income of associates accounted for using equity method Total other comprehensive income Comprehensive income (Comprehensive income attributable to) Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 5
Mitsubishi UFJ Financial Group, Inc. (3) Notes on Going-Concern Assumption None. (4) Notes for Material Changes in
Shareholders Equity None. (5)
Changes in Accounting Policies (Implementation Guidance on Accounting Standard for Fair Value Measurement) Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan
Guidance No. 31, June 17, 2021) (the Implementation Guidance for Fair Value Measurement) has been applied from the beginning of the quarter ended June 30, 2022. In accordance with the transitional treatment set forth in paragraph 27-2 of
the Implementation Guidance for Fair Value Measurement, MUFG has applied new accounting policies based on the Implementation Guidance for Fair Value Measurement prospectively. There is no impact on our consolidated financial statements due to the application of this Guidelines. (6) Additional Information (Estimated
impact of the COVID-19 pandemic and the Russia-Ukraine situation relating to allowance for credit losses) The process of
calculating allowance for credit losses in our principal consolidated domestic banking subsidiaries involves various estimates such as determination of counterparty credit ratings which are based on evaluation and classification of
counterparties debt-service capacity, assessment of the value of collateral provided by borrowers, and adjustments for future loss projections and other factors to the loss rates calculated based on historical credit loss experience. Among these, internal credit ratings are assigned to counterparties based on qualitative factors such as the current and
expected future business environment of the industry to which they belong as well as their management and funding risks in addition to quantitative financial evaluations through an analysis of their financial results. In particular, the prolonged
COVID- 19 pandemic and the uncertainty in the business environment caused by the Russia-Ukraine situation have had a significant impact on the financial position and operating results of certain counterparties. Determination of internal credit
ratings for these counterparties may be highly dependent on our assessment of the prospects of improvements in their operating results and their ability to continue as going concerns. When calculating allowance for credit losses, MUFG Bank, Ltd., our principal consolidated domestic banking subsidiary,
determines expected loss rates primarily by calculating a rate of loss based on a historical average of the credit loss rate or a historical average of the default probability derived from actual credit loss experience or actual bankruptcy
experience and making necessary adjustments based on future projections and other factors. The subsidiary makes such adjustments based on future loss projections and other factors to loss rates calculated based on historical loss experience, when
and to the extent such adjustments are deemed appropriate, by taking into account the rate of increase in the credit loss rate or the default probability in a more recent period, additional expected losses and other factors, especially in light of
the prolonged COVID-19 pandemic and the Russia-Ukraine situation. The amount of impact of these adjustments was ¥67,028 million as of June 30, 2022 (¥77,572 million as of March 31, 2022).
In addition, certain overseas subsidiaries which apply Generally Accepted Accounting Principles in the United States
(U.S. GAAP) have adopted Accounting Standards Codification (ASC) Topic 326, Financial InstrumentsCredit losses, issued by the Financial Accounting Standards Board and provide for allowance for credit losses
by estimating credit losses currently expected for the remaining term of the relevant contracts. Expected credit losses are calculated using a quantitative model that reflects economic forecast scenarios based on macroeconomic variables. The
calculation process includes determination of macroeconomic variables used in multiple economic forecast scenarios and the weightings applied to each economic forecast scenario. Expected credit losses are adjusted for qualitative factors to
compensate for expected credit losses that are not reflected in a quantitative model. No allowance for credit losses was recorded for the loans reclassified as loans held for sale in connection with the execution of the Share Purchase Agreement
pursuant to which all of the shares of MUFG Union Bank, N.A. (MUB) held by MUFG Americas Holdings Corporation (MUAH) will be sold to U.S. Bancorp because these loans are measured at fair value in accordance with ASC Topic
310, Receivables. Significant assumptions used in our calculation of allowance for credit losses, including
those described above, are subject to uncertainty. In particular, certain counterparties prospects of improvements in their operating results and expectations as to their ability to continue as going concerns, and adjustments to the rate of
loss calculated based on actual experience for future projections and other factors, as well as determination of the macroeconomic variables used in, and the weightings applied to, multiple economic forecast scenarios, and adjustments thereto for
qualitative factors, by certain subsidiaries which apply U.S. GAAP, are based on estimation relating to the economic environment with respect to which objective data are not readily available. 6
Mitsubishi UFJ Financial Group, Inc. The outlook relating to the COVID-19 pandemic and the Russia-Ukraine
situation, which are expected to further impact our counterparties operating environment and the economic environment, remains subject to significant uncertainty. Accordingly, we make certain assumptions, including that, although the impact of
the COVID-19 pandemic will continue, economic conditions will be on a gradually improving trend, with economic activity resuming while infection control measures are implemented, and that the uncertainty in the business environment caused by the
Russia-Ukraine situation will remain. The recorded allowance for credit losses represents our best estimation made in a manner designed to ensure objectivity and rationality. For the three-month period ended June 30, 2022, the assumptions for making estimates relating to allowance for credit losses
remained substantially unchanged because the observable changes subsequent to the end of the previous fiscal year in the factors and circumstances underlying the assumptions were not sufficiently significant to cause such change in the assumptions.
However, these assumptions are highly uncertain, and significant additional provision for credit losses may be recognized for the six-month period ending September 30, 2022 and subsequent reporting periods due to developments affecting the impact of
the COVID-19 pandemic and the Russia-Ukraine situation on the financial performance of counterparties or on the economic environment. (Valuation losses of a foreign subsidiary which are reflected in MUFGs consolidated financial statements as of the end of and for the
first quarter of the fiscal year ending March 31, 2023, and which are expected to be reflected in MUFGs consolidated financial statements as of the end of and for the first half of the fiscal year ending March 31, 2023) In connection with the planned sale of the shares in MUB, MUAH recognized an aggregate of ¥271,288 million of losses for
the quarter ended March 31, 2022, primarily in accordance with ASC Topic 326, Financial InstrumentsCredit losses, and ASC Topic 310, Receivables, issued by the FASB. Of the aggregate losses, MUAH recorded ¥217,761
million of valuation losses related to securities held for sale as Other operating expenses and ¥44,472 million of valuation losses related to loans held for sale as Other ordinary expenses. All of the losses recognized by MUAH are reflected in
MUFGs consolidated financial statements as of the end of and for the first quarter of the fiscal year ending March 31, 2023. In connection with the same transaction, it is currently estimated that MUAH will recognize an aggregate of approximately
¥360 billion of losses for the quarter ended June 30, 2022. It is also currently estimated that, of the aggregate estimated losses, MUAH will record approximately ¥170 billion of valuation losses related to securities held for sale as Other
operating expenses and approximately ¥190 billion of valuation losses related to loans held for sale as Other ordinary expenses. All of the losses recognized by MUAH are expected to be reflected in MUFGs consolidated financial statements
as of the end of and for the first half of the fiscal year ending March 31, 2023. 7
Selected Financial Information under Japanese GAAP For the Three
Months Ended June 30, 2022 Mitsubishi UFJ Financial Group, Inc.
Mitsubishi UFJ Financial Group, Inc. [Contents] [MUFG Consolidated]*1[BK and TB Combined ]*2*3*4 [BK Non-consolidated][TB Non-consolidated] 2. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the
FRA) [MUFG Consolidated] [BK and TB Combined
including Trust Account] [BK Non-consolidated][TB Non-consolidated] [TB Non-consolidated : Trust Account] [MUFG Consolidated] [BK Non-consolidated][TB Non-consolidated] [BK and TB Combined] [BK Non-consolidated][TB Non-consolidated] 6. Loans and Deposits [BK and TB Combined] [BK Non-consolidated][TB Non-consolidated] MUFG means Mitsubishi UFJ Financial Group, Inc. BK means MUFG Bank, Ltd. TB means Mitsubishi UFJ Trust and Banking Corporation. BK and TB Combined means simple sum of BK and TB without consolidation
processes.
Mitsubishi UFJ Financial Group, Inc. 1. Financial Results MUFG Consolidated 1
Mitsubishi UFJ Financial Group, Inc. BK and TB Combined Gross profits Gross profits before credit costs for trust accounts Net interest income Trust fees Credit costs for trust accounts (1) Net fees and commissions Net trading profits Net other operating profits Net gains (losses) on debt securities General and administrative expenses Net operating profits before credit costs for trust accounts and provision for general allowance
for credit losses Provision for general allowance for credit losses (2) Net operating profits Net non-recurring gains (losses) Credit costs (3) Reversal of allowance for credit losses (4) Reversal of reserve for contingent losses included in credit costs (5) Gains on loans written-off (6) Net gains (losses) on equity securities Gains on sales of equity securities Losses on sales of equity securities Losses on write-down of equity securities Other non-recurring gains (losses) Ordinary profits Net extraordinary gains (losses) Income before income taxes Income taxes-current Income taxes-deferred Total taxes Net income (Reference) Total credit costs (1)+(2)+(3)+(4)+(5)+(6) Credit costs for trust accounts Provision for general allowance for credit losses Provision for special allowance for credit losses Allowance for credit to specific foreign borrowers Losses on loans write-offs Provision for contingent losses included in credit costs Gains on loans written-off Losses on sales of other loans, etc. Net operating profits before credit costs for trust accounts and provision for general allowance
for credit losses, excluding net gains (losses) on debt securities Net operating profits before credit costs for trust accounts and provision for general allowance
for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation 2
Mitsubishi UFJ Financial Group, Inc. BK Non-consolidated Gross profits Net interest income Net fees and commissions Net trading profits Net other operating profits Net gains (losses) on debt securities General and administrative expenses Amortization of goodwill Net operating profits before provision for general allowance for credit losses and amortization of
goodwill Net operating profits before provision for general allowance for credit losses Provision for general allowance for credit losses (1) Net operating profits Net non-recurring gains (losses) Credit costs (2) Reversal of allowance for credit losses (3) Reversal of reserve for contingent losses included in credit costs (4) Gains on loans written-off (5) Net gains (losses) on equity securities Gains on sales of equity securities Losses on sales of equity securities Losses on write-down of equity securities Other non-recurring gains (losses) Ordinary profits Net extraordinary gains (losses) Income before income taxes Income taxes-current Income taxes-deferred Total taxes Net income (Reference) Total credit costs (1)+(2)+(3)+(4)+(5) Provision for general allowance for credit losses Provision for special allowance for credit losses Allowance for credit to specific foreign borrowers Losses on loans write-off Provision for contingent losses included in credit costs Gains on loans written-off Losses on sales of other loans, etc. Net operating profits before provision for general allowance for credit losses, excluding net
gains (losses) on debt securities Net operating profits before provision for general allowance for credit losses, excluding net
gains (losses) on debt securities and investment trusts cancellation 3
Mitsubishi UFJ Financial Group, Inc. TB Non-consolidated Gross profits Gross profits before credit costs for trust accounts Trust fees Credit costs for trust accounts (1) Net interest income Net fees and commissions Net trading profits Net other operating profits Net gains (losses) on debt securities General and administrative expenses Net operating profits before credit costs for trust accounts and provision for general allowance
for credit losses Provision for general allowance for credit losses (2) Net operating profits Net non-recurring gains (losses) Credit costs (3) Reversal of allowance for credit losses (4) Reversal of reserve for contingent losses included in credit costs (5) Gains on loans written-off (6) Net gains (losses) on equity securities Gains on sales of equity securities Losses on sales of equity securities Losses on write-down of equity securities Other non-recurring gains (losses) Ordinary profits Net extraordinary gains (losses) Income before income taxes Income taxes-current Income taxes-deferred Total taxes Net income (Reference) Total credit costs (1)+(2)+(3)+(4)+(5)+(6) Credit costs for trust accounts Provision for general allowance for credit losses Provision for special allowance for credit losses Allowance for credit to specific foreign borrowers Losses on loans write-offs Provision for contingent losses included in credit costs Gains on loans written-off Losses on sales of other loans, etc. Net operating profits before credit costs for trust accounts and provision for general allowance
for credit losses, excluding net gains (losses) on debt securities Net operating profits before credit costs for trust accounts and provision for general allowance
for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation 4
Mitsubishi UFJ Financial Group, Inc. 2. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the FRA)
MUFG Consolidated (after write-offs)
Bankrupt or De facto Bankrupt Doubtful Special Attention Accruing loans contractually past due 3 months or more Restructured loans Subtotal (A) Normal(B) Total loans (C=A+B) Non-performing loans ratio (A)/(C) BK and TB Combined including Trust Account (after write-offs) Bankrupt or De facto Bankrupt Doubtful Special Attention Accruing loans contractually past due 3 months or more Restructured loans Subtotal (A) Normal(B) Total loans (C=A+B) Non-performing loans ratio (A)/(C) BK Non-consolidated (after write-offs) Bankrupt or De facto Bankrupt Doubtful Special Attention Accruing loans contractually past due 3 months or more Restructured loans Subtotal (A) Normal(B) Total loans (C=A+B) Non-performing loans ratio (A)/(C) TB Non-consolidated (after write-offs) Bankrupt or De facto Bankrupt Doubtful Special Attention Accruing loans contractually past due 3 months or more Restructured loans Subtotal (A) Normal(B) Total loans (C=A+B) Non-performing loans ratio (A)/(C) TB Non-consolidated: Trust Account (after write-offs) Bankrupt or De facto Bankrupt Doubtful Special Attention Accruing loans contractually past due 3 months or more Restructured loans Subtotal (A) Normal(B) Total loans (C=A+B) Non-performing loans ratio (A)/(C) 5
Mitsubishi UFJ Financial Group, Inc. 3. Securities MUFG Consolidated The tables include negotiable
certificates of deposit in Cash and due from banks, securitized products in Monetary claims bought and others in addition to Securities. Debt securities being held to maturity Available-for-sale
securities Domestic equity securities Domestic bonds Other Foreign equity securities Foreign bonds Other Note: In connection with the planned sale of the shares in MUB, unrealized losses on such securities which are
reported at fair value on the consolidated balance sheet are reported as valuation losses in accordance with ASC Topic 326, Financial InstrumentsCredit losses. Therefore, Unrealized gains (losses) as of June 30, 2022 in the above
table do not include ¥217,761 million of such valuation losses. 6
Mitsubishi UFJ Financial Group, Inc. BK Non-consolidated The tables include negotiable certificates of deposit in Cash and due from banks, securitized products in Monetary claims bought and
others in addition to Securities. Debt securities being held to maturity Stocks of subsidiaries and affiliates Available-for-sale
securities Domestic equity securities Domestic bonds Other Foreign equity securities Foreign bonds Other 7
Mitsubishi UFJ Financial Group, Inc. TB Non-consolidated The tables include beneficiary rights to the trust in Monetary claims bought in addition to Securities. Debt securities being held to maturity Stocks of subsidiaries and affiliates Available-for-sale
securities Domestic equity securities Domestic bonds Other Foreign equity securities Foreign bonds Other 8
Mitsubishi UFJ Financial Group, Inc. 4. ROE MUFG Consolidated ROE Note: ROE is computed as
follows: Profits attributable to
owners of parent × 4 ×100 {(Total shareholders equity at the beginning of the period + Foreign currency translation adjustments at the
beginning of the period) + (Total shareholders equity at the end of the period + Foreign currency translation adjustments at the
end of the period)} / 2 9
Mitsubishi UFJ Financial Group, Inc. 5. Average Interest Rate Spread BK and TB Combined Average interest rate on loans and bills discounted Average interest rate on deposits and NCD Interest rate spread (After excluding loans to the Japanese government and governmental organizations) Average interest rate on loans and bills discounted Interest rate spread BK Non-consolidated Average interest rate on loans and bills discounted Average interest rate on deposits and NCD Interest rate spread (After excluding loans to the Japanese government and governmental organizations) Average interest rate on loans and bills discounted Interest rate spread TB Non-consolidated Average interest rate on loans and bills discounted Average interest rate on deposits and NCD Interest rate spread (After excluding loans to the Japanese government and governmental organizations) Average interest rate on loans and bills discounted Interest rate spread 10
Mitsubishi UFJ Financial Group, Inc. 6. Loans and Deposits BK and TB Combined Deposits (ending balance) Deposits (average balance) Loans (ending balance) Loans (average balance) Domestic deposits (ending balance)* Individuals Note: Amounts do not include negotiable certificates of deposit and JOM accounts. BK Non-consolidated Deposits (ending balance) Deposits (average balance) Loans (ending balance) Loans (average balance) Domestic deposits (ending balance)* Individuals Note: Amounts do not include negotiable certificates of deposit and JOM accounts. TB Non-consolidated Deposits (ending balance) Deposits (average balance) Loans (ending balance) Loans (average balance) Domestic deposits (ending balance)* Individuals Note: Amounts do not include negotiable certificates of deposit and JOM accounts. 11
Mitsubishi UFJ Financial Group, Inc. 7. Statements of Trust Assets and Liabilities TB Non-consolidated Including trust assets under service-shared co-trusteeship Assets: Loans and bills discounted Securities Beneficiary rights to the trust Securities held in custody accounts Monetary claims Tangible fixed assets Intangible fixed assets Other claims Call loans Due from banking account Cash and due from banks Total Liabilities: Money trusts Pension trusts Property formation benefit trusts Investment trusts Money entrusted other than money trusts Securities trusts Monetary claim trusts Equipment trusts Land and fixtures trusts Composite trusts Total Note: 12
(in millions of yen)
As of
March 31, 2022
As of
June 30, 2022
2,141,513
2,141,513
770,277
770,718
11,998,157
11,930,296
(451,288
)
(528,915
)
14,458,659
14,313,612
1,615,060
819,897
(81,145
)
(233,047
)
140,628
138,778
734,588
1,437,182
193,865
184,612
(37,883
)
(23,413
)
2,565,114
2,324,010
964,471
995,189
17,988,245
17,632,812
373,731,910
386,909,204
(in millions of yen)
For the three months
ended
June 30, 2021
For the three months
ended
June 30, 2022
1,503,727
2,163,890
632,043
1,205,351
406,219
492,571
135,153
593,771
35,508
35,524
406,998
412,122
93,724
29,574
90,667
228,979
244,785
252,339
1,043,403
1,900,929
135,143
218,827
49,095
84,304
77,203
78,495
39,386
1,129
50,126
705,372
671,518
700,110
70,025
196,992
460,323
262,961
65,997
5,222
9,473
5,222
56,524
29,550
27,140
2,410
2,672
7,482
732
24
19,657
23,711
496,770
241,043
62,948
102,529
30,830
4,589
93,779
107,119
402,991
133,924
19,909
20,238
383,082
113,685
(in millions of yen)
For the three months
ended
June 30, 2021
For the three months
ended
June 30, 2022
402,991
133,924
(18,698
)
(730,211
)
37,094
(155,595
)
251,347
558,197
(8,812
)
(9,635
)
106,439
122,913
367,369
(214,331
)
770,361
(80,407
)
740,089
(125,568
)
30,271
45,160
1. Financial Results
1
5
3. Securities
6
4. ROE
[MUFG Consolidated]
9
5. Average Interest Rate Spread
10
11
7. Statements of Trust Assets and Liabilities
[TB Non-consolidated]
12
(*1)
(*2)
(*3)
(*4)
(in millions of yen)
For the three months ended
Increase
(Decrease)
(A) -
(B)
June 30, 2022
(A)
June 30, 2021
(B)
615,704
498,226
117,477
615,704
498,226
117,477
767,859
306,538
461,321
28,247
28,893
(646
)
122,347
112,839
9,508
(2,353
)
16,237
(18,591
)
(300,396
)
33,717
(334,114
)
(406,512
)
36,099
(442,612
)
330,337
326,406
3,931
285,366
171,820
113,546
285,366
171,820
113,546
52,443
87,890
(35,446
)
(19,235
)
(6,557
)
(12,677
)
19,546
21,806
(2,259
)
18,624
18,624
2,310
3,909
(1,598
)
17,192
63,740
(46,547
)
72,650
73,935
(1,285
)
(8,385
)
(6,924
)
(1,461
)
(47,072
)
(3,271
)
(43,801
)
14,004
4,991
9,012
337,810
259,710
78,099
1,682
1,810
(128
)
339,493
261,521
77,971
72,894
41,721
31,172
17,531
16,080
1,450
90,426
57,802
32,623
249,066
203,719
45,347
21,246
19,158
2,088
28,254
16,162
12,092
(13,511
)
7,993
(21,504
)
4,802
(2,349
)
7,152
(15,799
)
(5,374
)
(10,424
)
18,607
(724
)
19,332
2,310
3,909
(1,598
)
(3,417
)
(457
)
(2,960
)
691,879
135,720
556,158
247,659
107,813
139,846
(in millions of yen)
For the three months ended
Increase
(Decrease)
(A) -
(B)
June 30, 2022
(A)
June 30, 2021
(B)
485,208
384,460
100,748
502,371
241,443
260,927
100,590
89,770
10,819
19,630
11,021
8,608
(137,383
)
42,223
(179,607
)
(220,855
)
39,708
(260,563
)
280,150
278,185
1,965
404
387
16
205,462
106,662
98,799
205,057
106,274
98,783
205,057
106,274
98,783
47,048
78,581
(31,533
)
(19,217
)
(6,458
)
(12,758
)
19,413
21,748
(2,335
)
18,624
18,624
2,310
3,909
(1,598
)
12,923
54,238
(41,315
)
67,520
64,018
3,502
(7,882
)
(6,903
)
(978
)
(46,714
)
(2,875
)
(43,838
)
12,993
5,142
7,850
252,105
184,855
67,249
1,414
1,957
(542
)
253,520
186,813
66,707
53,874
34,764
19,110
18,667
11,154
7,513
72,542
45,918
26,623
180,977
140,894
40,083
21,131
19,199
1,931
28,121
16,161
11,960
(13,511
)
7,937
(21,448
)
4,802
(2,349
)
7,152
(15,799
)
(5,374
)
(10,424
)
18,624
(626
)
19,251
2,310
3,909
(1,598
)
(3,417
)
(457
)
(2,960
)
425,912
66,566
359,346
187,050
40,417
146,633
(in millions of yen)
For the three months ended
Increase
(Decrease)
(A) -
(B)
June 30, 2022
(A)
June 30, 2021
(B)
130,495
113,766
16,729
130,495
113,766
16,729
28,247
28,893
(646
)
265,488
65,094
200,393
21,757
23,068
(1,311
)
(21,983
)
5,216
(27,199
)
(163,013
)
(8,506
)
(154,506
)
(185,657
)
(3,608
)
(182,049
)
50,186
48,220
1,965
80,309
65,546
14,763
80,309
65,546
14,763
5,395
9,308
(3,913
)
(17
)
(98
)
81
133
57
76
0
0
0
4,268
9,501
(5,232
)
5,129
9,917
(4,788
)
(502
)
(20
)
(482
)
(358
)
(395
)
37
1,010
(151
)
1,162
85,704
74,854
10,849
267
(146
)
414
85,972
74,708
11,264
19,019
6,957
12,062
(1,136
)
4,926
(6,062
)
17,883
11,883
5,999
68,088
62,824
5,264
115
(41
)
157
133
1
132
56
(56
)
(17
)
(98
)
81
0
0
0
265,966
69,154
196,812
60,608
67,395
(6,786
)
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
265,841
252,148
694,009
799,214
464,387
420,453
22,423
12,104
441,963
408,348
1,424,238
1,471,816
127,567,448
122,326,614
128,991,686
123,798,430
1.10
%
1.18
%
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
114,916
105,939
495,441
602,884
314,630
282,145
12,607
5,601
302,023
276,544
924,988
990,968
106,313,922
102,429,934
107,238,910
103,420,902
0.86
%
0.95
%
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
114,773
105,796
493,821
601,264
314,630
282,145
12,607
5,601
302,023
276,544
923,225
989,206
103,229,286
99,472,730
104,152,512
100,461,936
0.88
%
0.98
%
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
142
142
1,618
1,618
1,761
1,761
3,080,159
2,952,474
3,081,920
2,954,236
0.05
%
0.05
%
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
1
1
1
1
4,475
4,728
4,477
4,730
0.03
%
0.03
%
(in millions of yen)
As of June 30, 2022
As of March 31, 2022
Amount on
consolidated
balance sheet
Unrealized
gains (losses)
Amount on
consolidated
balance sheet
Unrealized
gains (losses)
10,418,240
(43,107
)
4,595,108
14,236
(in millions of yen)
As of June 30, 2022
As of March 31, 2022
Amount on
consolidated
balance sheet
Unrealized
gains (losses)
Amount on
consolidated
balance sheet
Unrealized
gains (losses)
72,252,183
1,395,349
74,909,679
2,391,884
4,376,347
2,700,600
4,613,704
2,914,100
39,228,416
(123,745
)
40,433,641
(61,811
)
28,647,419
(1,181,504
)
29,862,332
(460,404
)
201,978
28,415
218,599
27,791
20,567,250
(1,218,159
)
22,030,527
(852,866
)
7,878,191
8,239
7,613,205
364,670
*
(in millions of yen)
As of June 30, 2022
As of March 31, 2022
Amount on
balance sheet
Unrealized
gains (losses)
Amount on
balance sheet
Unrealized
gains (losses)
7,984,748
(32,491
)
2,728,406
297
625,594
488,533
625,594
535,950
(in millions of yen)
As of June 30, 2022
As of March 31, 2022
Amount on
balance sheet
Unrealized
gains (losses)
Amount on
balance sheet
Unrealized
gains (losses)
53,914,292
1,222,203
55,874,928
1,904,848
3,655,687
2,201,413
3,855,125
2,380,640
37,222,265
(91,499
)
37,547,364
(42,152
)
13,036,340
(887,710
)
14,472,439
(433,638
)
163,847
20,231
165,955
18,877
8,087,539
(813,143
)
9,852,226
(581,375
)
4,784,953
(94,798
)
4,454,257
128,859
(in millions of yen)
As of June 30, 2022
As of March 31, 2022
Amount on
balance sheet
Unrealized
gains (losses)
Amount on
balance sheet
Unrealized
gains (losses)
2,329,468
(10,244
)
1,770,646
10,587
80,048
4,622
68,203
4,512
(in millions of yen)
As of June 30, 2022
As of March 31, 2022
Amount on
balance sheet
Unrealized
gains (losses)
Amount on
balance sheet
Unrealized
gains (losses)
11,527,252
199,324
12,685,391
471,160
758,378
449,654
790,399
477,909
1,964,316
(32,372
)
2,852,749
(19,783
)
8,804,557
(217,957
)
9,042,242
13,035
79
62
63
46
6,551,207
(315,405
)
6,631,313
(211,307
)
2,253,270
97,385
2,410,865
224,295
(%)
For the three months
ended
June 30, 2022
For the three months
ended
June 30, 2021
2.93
10.85
(percentage per annum)
(Domestic business segment)
For the three months
ended
June 30, 2022
For the three months
ended
June 30, 2021
0.73
0.71
0.00
0.00
0.72
0.71
0.76
0.74
0.75
0.74
(percentage per annum)
(Domestic business segment)
For the three months
ended
June 30, 2022
For the three months
ended
June 30, 2021
0.74
0.73
0.00
0.00
0.74
0.73
0.76
0.75
0.75
0.74
(percentage per annum)
(Domestic business segment)
For the three months
ended
June 30, 2022
For the three months
ended
June 30, 2021
0.37
0.36
0.01
0.02
0.35
0.34
0.73
0.66
0.71
0.64
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
196,887,362
194,249,280
199,479,769
195,540,350
95,784,032
93,157,141
96,629,621
91,880,995
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
168,235,763
168,282,238
89,750,026
88,268,890
*
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
185,693,775
183,356,877
188,164,185
184,598,552
92,977,931
90,421,234
93,834,774
89,038,475
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
158,847,796
158,934,418
83,404,550
82,053,180
*
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
11,193,586
10,892,403
11,315,584
10,941,798
2,806,101
2,735,906
2,794,847
2,842,520
(in millions of yen)
As of
June 30, 2022
As of
March 31, 2022
9,387,966
9,347,819
6,345,476
6,215,710
*
(in millions of yen)
As of
March 31, 2022
As of
June 30, 2022
1,120,418
1,063,118
67,663,477
65,642,551
108,857,810
111,251,301
3,230,600
3,729,856
40,409,077
39,440,839
19,066,909
19,374,880
147,570
153,704
2,520,092
2,158,446
1,292,609
1,599,303
11,862,710
9,243,094
5,124,019
5,397,346
261,295,295
259,054,444
29,852,422
28,089,916
12,339,538
11,835,042
6,532
6,417
112,937,424
114,103,185
5,820,407
6,019,215
5,795,848
6,041,195
36,599,637
35,597,188
138,279
145,097
18,522
18,456
57,786,682
57,198,727
261,295,295
259,054,444
1.
The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.
2.
Trust assets and liabilities under a declaration of trust excluded from above table are 485,019 millions of yen as of March 31, 2022 and 516,535 millions of yen as of June 30, 2022, respectively.