FORM 6-K

6-K 1 d736664d6k.htm FORM 6-K 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 2019

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. 333-229697) 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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, 2019


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the fiscal year ended March 31, 2019

May 15, 2019


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		https://www.mufg.jp/
Representative:		Kanetsugu Mike, President & Group CEO
For inquiry:		Masahisa Takahashi, Managing Director, Head of Financial Accounting Office, Financial Planning Division
		TEL (03) 3240-3110
General meeting of shareholders:		June 27, 2019
Dividend payment date:		June 28, 2019
Securities report issuing date:		June 27, 2019
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, 2019

(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, 2019		6,697,402		10.4		1,348,043		(7.8	)		872,689		(11.8	)
March 31, 2018		6,068,061		1.5		1,462,418		7.5			989,664		6.8

(*)	Comprehensive income

March 31, 2019: 686,992 million yen (48.4) % ; March 31, 2018: 1,330,891 million yen 302.6 %


	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, 2019		66.91		66.62		5.4		0.4		20.1
March 31, 2018		74.55		74.29		6.3		0.5		24.1

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

March 31, 2019: 284,389 million yen ; March 31, 2018: 242,885 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, 2019		311,138,903		17,261,677			5.2			1,252.03
March 31, 2018		306,937,415		17,295,037			5.2			1,217.41
(Reference) Shareholders’ equity as of March 31, 2019: 16,179,276 million yen; March 31, 2018: 16,024,639 million yen (*) “Equity-to-asset ratio” is computed under the formula shown below (Total net assets - Subscription rights to shares - Non-controlling interests) / Total assets (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, 2019		5,609,305		(5,627,546	)		(484,359	)		74,206,895
March 31, 2018		12,310,778		(565,875	)		(290,538	)		74,713,689

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		Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	yen		yen		yen		yen		yen		million yen		%		%
Fiscal year
ended March 31, 2018		—		9.00		—		10.00		19.00		251,824		25.5		1.6
ended March 31, 2019		—		11.00		—		11.00		22.00		286,867		32.9		1.8
ending March 31, 2020 (Forecast)		—		12.50		—		12.50		25.00				35.9

(*)	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, 2020 (Consolidated)

MUFG has set an earnings target of 900.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2020. 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.

øNotes

(1)	Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying change in scope of consolidation): No

(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): Yes

(D) Restatements: No

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


(A) Total stocks outstanding including treasury stocks:	March 31, 2019	13,667,770,520 shares
	March 31, 2018	13,900,028,020 shares
(B) Treasury stocks:	March 31, 2019	745,316,531 shares
	March 31, 2018	737,138,211 shares
(C) Average outstanding stocks:	Fiscal year ended March 31, 2019	13,042,072,097 shares
	Fiscal year ended March 31, 2018	13,274,746,023 shares

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

*Notes for using forecasted information etc.

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

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

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. 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			3
3. Consolidated Financial Statements and Notes			4
(1) Consolidated Balance Sheets			4
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			6
(3) Consolidated Statements of Changes in Net Assets			9
(4) Consolidated Statements of Cash Flows			11
Notes to the Consolidated Financial Statements			13
Notes on Going-Concern Assumption
Changes in Accounting Policies
Segment Information
Per Share Information
Significant Subsequent Events

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Fiscal Year Ended March 31, 2019”

(*)	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, 2019 (Wednesday)
Explanation for investors and analysts:		May 20, 2019 (Monday)

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, 2019)

Consolidated gross profits for the fiscal year ended March 31, 2019 decreased 128.5 billion yen from the previous fiscal year to 3,725.7 billion yen. This was due to decrease in net trading profits and net other operating profits, while net interest income from foreign currency-denominated loans and deposits increased. General and administrative (G&A) expenses for the fiscal year ended March 31, 2019 increased 25.7 billion yen from the previous fiscal year to 2,647.1 billion yen, reflecting higher expenses in overseas. As a result, net operating profits decreased 154.2 billion yen from the previous fiscal year to 1,078.5 billion yen.

Total credit costs for the fiscal year ended March 31, 2019 decreased 40.2 billion yen from the previous fiscal year, mainly due to an increase in the reversal of allowance for credit losses. Net gains on equity securities decreased 20.5 billion yen from the previous fiscal year, due to a decrease in gains and losses on sales of equity securities. Other non-recurring losses increased 21.3 billion yen from the previous fiscal year, mostly due to an increase in provision for repayment of excess interest of credit card/loan businesses. As a result, ordinary profits for the fiscal year ended March 31, 2019 decreased 114.3 billion yen from the previous fiscal year to 1,348.0 billion yen.

Net extraordinary losses for the fiscal year ended March 31, 2019 increased 149.6 billion yen, mainly due to an increase in losses on impairment of fixed assets of credit card business. As a result, profits attributable to owners of parent for the fiscal year ended March 31, 2019 was 872.6 billion yen, a decrease of 116.9 billion yen from the previous fiscal year.

Mitsubishi UFJ Financial Group, Inc.


(in billions of Japanese yen)	For the fiscal year ended March 31, 2019			For the fiscal year ended March 31, 2018			Increase (Decrease)
Gross profits before credit costs for trust accounts		3,725.7			3,854.2			(128.5	)
General and administrative expenses		2,647.1			2,621.4			25.7
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		1,078.5			1,232.8			(154.2	)
Total credit costs		(5.8	)		(46.1	)		40.2
Net gains (losses) on equity securities		112.6			133.1			(20.5	)
Profits (losses) from investments in affiliates		284.3			242.8			41.5
Other non-recurring gains (losses)		(121.7	)		(100.3	)		(21.3	)
Ordinary profits		1,348.0			1,462.4			(114.3	)
Net extraordinary gains (losses)		(202.7	)		(53.0	)		(149.6	)
Total taxes		195.5			313.4			(117.8	)
Profits attributable to non-controlling interests		77.0			106.2			(29.2	)
Profits attributable to owners of parent		872.6			989.6			(116.9	)

(2) Analysis of financial condition

Total assets as of March 31, 2019 increased 4,201.4 billion yen from March 31, 2018 to 311,138.9 billion yen, and total net assets as of March 31, 2019 decreased 33.3 billion yen from March 31, 2018 to 17,261.6 billion yen. The decrease in total net assets was mainly due to decreases in non-controlling interests and capital surplus.

With regard to major items of assets, loans and bills discounted as of March 31, 2019 decreased 678.5 billion yen from March 31, 2018 to 107,412.4 billion yen and securities as of March 31, 2019 increased 4,996.2 billion yen from March 31, 2018 to 64,262.4 billion yen. With regard to major items of liabilities, deposits as of March 31, 2019 increased 2,858.9 billion yen from March 31, 2018 to 180,171.2 billion yen.

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.

Mitsubishi UFJ Financial Group, Inc.

3. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2018			As of March 31, 2019
Assets:
Cash and due from banks		74,713,689			74,206,895
Call loans and bills bought		482,285			451,668
Receivables under resale agreements		5,945,875			10,868,179
Receivables under securities borrowing transactions		9,266,996			2,739,363
Monetary claims bought		5,529,619			7,254,708
Trading assets		15,247,156			16,126,188
Money held in trust		943,153			912,961
Securities		59,266,170			64,262,463
Loans and bills discounted		108,090,994			107,412,468
Foreign exchanges		2,942,499			2,134,807
Other assets		12,176,023			12,838,412
Tangible fixed assets		1,369,977			1,335,972
Buildings		302,981			361,580
Land		697,105			674,285
Lease assets		12,357			15,078
Construction in progress		119,195			33,618
Other tangible fixed assets		238,337			251,409
Intangible fixed assets		1,246,676			1,136,530
Software		532,285			513,231
Goodwill		258,417			237,310
Lease assets		351			198
Other intangible fixed assets		455,622			385,790
Net defined benefit assets		874,106			824,007
Deferred tax assets		89,172			104,451
Customers’ liabilities for acceptances and guarantees		9,560,158			9,241,062
Allowance for credit losses		(807,139	)		(711,236	)

Total assets		306,937,415			311,138,903

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2018			As of March 31, 2019
Liabilities:
Deposits		177,312,310			180,171,279
Negotiable certificates of deposit		9,854,742			9,413,420
Call money and bills sold		2,461,088			2,465,093
Payables under repurchase agreements		18,088,513			25,112,121
Payables under securities lending transactions		8,156,582			903,219
Commercial papers		2,181,995			2,316,338
Trading liabilities		10,898,924			11,624,122
Borrowed money		16,399,502			16,268,170
Foreign exchanges		2,037,524			2,271,145
Short-term bonds payable		847,299			793,999
Bonds payable		10,706,252			12,179,680
Due to trust accounts		10,382,479			10,282,227
Other liabilities		9,270,887			9,452,717
Reserve for bonuses		86,581			79,236
Reserve for bonuses to directors		620			689
Reserve for stocks payment		11,607			10,814
Net defined benefit liabilities		59,033			59,540
Reserve for retirement benefits to directors		1,088			1,058
Reserve for loyalty award credits		17,836			17,606
Reserve for contingent losses		318,002			265,707
Reserves under special laws		4,319			4,263
Deferred tax liabilities		867,919			829,418
Deferred tax liabilities for land revaluation		117,104			114,292
Acceptances and guarantees		9,560,158			9,241,062

Total liabilities		289,642,377			293,877,225

Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		1,196,803			1,034,641
Retained earnings		10,064,649			10,640,655
Treasury stock		(522,158	)		(516,649	)

Total shareholders’ equity		12,880,807			13,300,160

Net unrealized gains (losses) on available-for-sale securities		2,388,234			2,249,231
Net deferred gains (losses) on hedging instruments		59,360			122,516
Land revaluation excess		170,239			167,681
Foreign currency translation adjustments		499,557			339,713
Remeasurements of defined benefit plans		62,182			(4,729	)
Debt value adjustments of foreign subsidiaries and affiliates		(35,743	)		4,702

Total accumulated other comprehensive income		3,143,832			2,879,115

Subscription rights to shares		274			217
Non-controlling interests		1,270,123			1,082,184

Total net assets		17,295,037			17,261,677

Total liabilities and net assets		306,937,415			311,138,903

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, 2018		For the fiscal year ended March 31, 2019
Ordinary income		6,068,061		6,697,402
Interest income		3,094,990		3,732,203
Interest on loans and bills discounted		2,033,891		2,353,452
Interest and dividends on securities		578,247		685,681
Interest on call loans and bills bought		10,776		10,050
Interest on receivables under resale agreements		60,590		122,455
Interest on receivables under securities borrowing transactions		12,209		20,833
Interest on deposits		123,591		183,081
Other interest income		275,682		356,647
Trust fees		122,533		125,385
Fees and commissions		1,549,993		1,523,527
Trading income		293,494		218,212
Other operating income		371,477		382,491
Other ordinary income		635,572		715,583
Reversal of allowance for credit losses		60,200		15,053
Gains on loans written-off		78,880		67,063
Others		496,491		633,467
Ordinary expenses		4,605,643		5,349,359
Interest expenses		1,188,223		1,809,580
Interest on deposits		413,807		578,379
Interest on negotiable certificates of deposit		90,019		139,687
Interest on call money and bills sold		4,859		3,885
Interest on payables under repurchase agreements		142,829		312,065
Interest on payables under securities lending transactions		2,611		3,497
Interest on commercial papers		28,190		54,655
Interest on borrowed money		38,788		60,485
Interest on short-term bonds payable		2		0
Interest on bonds payable		195,064		250,560
Other interest expenses		272,050		406,363
Fees and commissions		222,795		219,573
Trading expenses		1,021		2,046
Other operating expenses		166,281		225,052
General and administrative expenses		2,693,315		2,688,047
Other ordinary expenses		334,006		405,058

Ordinary profits		1,462,418		1,348,043

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2018		For the fiscal year ended March 31, 2019
Extraordinary gains		54,993		17,797
Gains on disposition of fixed assets		6,297		16,096
Reversal of reserve for contingent liabilities from financial instruments transactions		—		56
Gains on liquidation of subsidiaries		—		1,645
Gains on exchange of shares of affiliates		48,695		—
Extraordinary losses		108,034		220,513
Losses on disposition of fixed assets		12,097		9,456
Losses on impairment of fixed assets		76,122		184,692
Provision for reserve for contingent liabilities from financial instruments transactions		244		—
Losses on change in equity		19,569		15,223
Losses on sales of shares of affiliates		—		11,140

Profits before income taxes		1,409,377		1,145,327

Income taxes-current		300,032		189,195
Income taxes-deferred		13,404		6,373

Total taxes		313,436		195,568

Profits		1,095,940		949,758

Profits attributable to non-controlling interests		106,276		77,069

Profits attributable to owners of parent		989,664		872,689

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the fiscal year ended March 31, 2018			For the fiscal year ended March 31, 2019
Profits		1,095,940			949,758
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		208,021			(125,622	)
Net deferred gains (losses) on hedging instruments		(65,001	)		63,366
Land revaluation excess		(57	)		—
Foreign currency translation adjustments		(22,627	)		(82,475	)
Remeasurements of defined benefit plans		145,534			(73,141	)
Share of other comprehensive income of associates accounted for using equity method		(30,919	)		(44,893	)

Total other comprehensive income		234,950			(262,766	)

Comprehensive income		1,330,891			686,992

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		1,209,604			615,166
Comprehensive income attributable to non-controlling interests		121,287			71,825

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2018


	(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		1,412,087			9,278,546			(513,260	)		12,318,885			2,184,597		125,684
Changes during the period
Cash dividends							(241,050	)					(241,050	)
Profits attributable to owners of parent							989,664						989,664
Repurchase of treasury stock										(201,051	)		(201,051	)
Disposal of treasury stock				(10	)					2,098			2,088
Retirement of treasury stock				(190,054	)					190,054			—
Reversal of land revaluation excess							3,426						3,426
Changes in subsidiaries’ equity				(25,218	)								(25,218	)
Effects due to revision of accounting standards for foreign subsidiaries and affiliates							34,063						34,063
Net changes of items other than shareholders’ equity																203,637		(66,324	)

Total changes during the period		—		(215,283	)		786,103			(8,898	)		561,921			203,637		(66,324	)

Balance at the end of the period		2,141,513		1,196,803			10,064,649			(522,158	)		12,880,807			2,388,234		59,360


	(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		173,723			558,339			(65,098	)		(15,863	)		2,961,382		407			1,377,719			16,658,394
Changes during the period
Cash dividends																						(241,050	)
Profits attributable to owners of parent																						989,664
Repurchase of treasury stock																						(201,051	)
Disposal of treasury stock																						2,088
Retirement of treasury stock																						—
Reversal of land revaluation excess																						3,426
Changes in subsidiaries’ equity																						(25,218	)
Effects due to revision of accounting standards for foreign subsidiaries and affiliates																						34,063
Net changes of items other than shareholders’ equity		(3,483	)		(58,781	)		127,281			(19,879	)		182,449		(132	)		(107,595	)		74,721

Total changes during the period		(3,483	)		(58,781	)		127,281			(19,879	)		182,449		(132	)		(107,595	)		636,643

Balance at the end of the period		170,239			499,557			62,182			(35,743	)		3,143,832		274			1,270,123			17,295,037

Mitsubishi UFJ Financial Group, Inc.

For the fiscal year ended March 31, 2019


	(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		1,196,803			10,064,649			(522,158	)		12,880,807			2,388,234			59,360
Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates							(2,723	)					(2,723	)		(844	)
Restated balance		2,141,513		1,196,803			10,061,926			(522,158	)		12,878,084			2,387,390			59,360
Changes during the period
Cash dividends							(276,249	)					(276,249	)
Profits attributable to owners of parent							872,689						872,689
Repurchase of treasury stock										(160,985	)		(160,985	)
Disposal of treasury stock				(0	)					3,775			3,774
Retirement of treasury stock				(162,720	)					162,720			—
Reversal of land revaluation excess							2,557						2,557
Changes of application of equity method							(20,269	)					(20,269	)
Changes in subsidiaries’ equity				557									557
Net changes of items other than shareholders’ equity																(138,159	)		63,155

Total changes during the period		—		(162,162	)		578,729			5,509			422,075			(138,159	)		63,155

Balance at the end of the period		2,141,513		1,034,641			10,640,655			(516,649	)		13,300,160			2,249,231			122,516


	(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		170,239			499,557			62,182			(35,743	)		3,143,832			274			1,270,123			17,295,037
Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliate														(844	)								(3,568	)
Restated balance		170,239			499,557			62,182			(35,743	)		3,142,987			274			1,270,123			17,291,469
Changes during the period
Cash dividends																							(276,249	)
Profits attributable to owners of parent																							872,689
Repurchase of treasury stock																							(160,985	)
Disposal of treasury stock																							3,774
Retirement of treasury stock																							—
Reversal of land revaluation excess																							2,557
Changes of application of equity method																							(20,269	)
Changes in subsidiaries’ equity																							557
Net changes of items other than shareholders’ equity		(2,557	)		(159,844	)		(66,912	)		40,446			(263,871	)		(56	)		(187,939	)		(451,867	)

Total changes during the period		(2,557	)		(159,844	)		(66,912	)		40,446			(263,871	)		(56	)		(187,939	)		(29,791	)

Balance at the end of the period		167,681			339,713			(4,729	)		4,702			2,879,115			217			1,082,184			17,261,677

Mitsubishi UFJ Financial Group, Inc.

(4) Consolidated Statements of Cash Flows


(in millions of yen)	For the fiscal year ended March 31, 2018			For the fiscal year ended March 31, 2019
Cash flows from operating activities:
Profits before income taxes		1,409,377			1,145,327
Depreciation and amortization		321,207			322,770
Impairment losses		76,122			184,692
Amortization of goodwill		17,603			17,431
Equity in losses (gains) of equity method investees		(242,885	)		(284,389	)
Increase (decrease) in allowance for credit losses		(155,657	)		(83,641	)
Increase (decrease) in reserve for bonuses		4,759			(5,206	)
Increase (decrease) in reserve for bonuses to directors		21			68
Increase (decrease) in reserve for stocks payment		1,206			(792	)
Decrease (increase) in net defined benefit assets		(123,708	)		(89,588	)
Increase (decrease) in net defined benefit liabilities		(260	)		1,132
Increase (decrease) in reserve for retirement benefits to directors		(40	)		(30	)
Increase (decrease) in reserve for loyalty award credits		600			(124	)
Increase (decrease) in reserve for contingent losses		(66,513	)		(51,235	)
Interest income recognized on statement of income		(3,094,990	)		(3,732,203	)
Interest expenses recognized on statement of income		1,188,223			1,809,580
Losses (gains) on securities		(188,581	)		(131,439	)
Losses (gains) on money held in trust		450			837
Foreign exchange losses (gains)		503,565			(259,172	)
Losses (gains) on sales of fixed assets		5,800			(6,639	)
Net decrease (increase) in trading assets		6,172,302			(1,207,299	)
Net increase (decrease) in trading liabilities		(7,200,920	)		928,496
Net decrease (increase) in unsettled trading accounts		(60,914	)		342,532
Net decrease (increase) in loans and bills discounted		962,022			116,865
Net increase (decrease) in deposits		6,551,091			3,352,158
Net increase (decrease) in negotiable certificates of deposit		(1,483,766	)		(438,845	)
Net increase (decrease) in borrowed money (excluding subordinated borrowings)		(429,679	)		63,519
Net decrease (increase) in call loans and bills bought and others		2,362,074			(6,928,266	)
Net decrease (increase) in receivables under securities borrowing transactions		1,786,118			6,443,287
Net increase (decrease) in call money and bills sold and others		631,521			7,350,286
Net increase (decrease) in commercial papers		(128,226	)		149,537
Net increase (decrease) in payables under securities lending transactions		2,612,538			(7,231,076	)
Net decrease (increase) in foreign exchanges (assets)		(844,857	)		803,375
Net increase (decrease) in foreign exchanges (liabilities)		64,974			235,037
Net increase (decrease) in short-term bonds payable		(699	)		(53,300	)
Net increase (decrease) in issuance and redemption of unsubordinated bonds payable		188,578			1,288,395
Net increase (decrease) in due to trust accounts		488,598			(100,251	)
Interest income (cash basis)		3,181,494			3,741,110
Interest expenses (cash basis)		(1,170,125	)		(1,762,774	)
Others		(809,354	)		(7,248	)

Sub-total		12,529,070			5,922,916

Income taxes		(250,661	)		(346,496	)
Refund of income taxes		32,370			32,884

Net cash provided by (used in) operating activities		12,310,778			5,609,305

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2018			For the fiscal year ended March 31, 2019
Cash flows from investing activities:
Purchases of securities		(73,029,164	)		(65,103,588	)
Proceeds from sales of securities		33,503,855			33,033,639
Proceeds from redemption of securities		39,502,328			26,809,238
Payments for increase in money held in trust		(540,772	)		(570,030	)
Proceeds from decrease in money held in trust		401,831			600,105
Purchases of tangible fixed assets		(159,814	)		(142,393	)
Purchases of intangible fixed assets		(247,378	)		(286,200	)
Proceeds from sales of tangible fixed assets		11,790			33,447
Proceeds from sales of intangible fixed assets		700			622
Payments for transfer of business		(7,060	)		—
Payments for acquisition of subsidiaries’ equity affecting the scope of consolidation		(20	)		(1,106	)
Others		(2,172	)		(1,282	)

Net cash provided by (used in) investing activities		(565,875	)		(5,627,546	)

Cash flows from financing activities:
Proceeds from subordinated borrowings		39,500			55,000
Repayments of subordinated borrowings redemption		(245,328	)		(173,119	)
Proceeds from issuance of subordinated bonds payable and bonds with warrants		863,460			376,800
Payments for redemption of subordinated bonds payable and bonds with warrants		(256,196	)		(47,020	)
Proceeds from issuance of common stock to non-controlling shareholders		2,196			7,493
Repayments to non-controlling shareholders		(16	)		—
Payments for redemption of preferred securities		(150,000	)		(222,000	)
Dividends paid by MUFG		(241,067	)		(276,279	)
Dividends paid by subsidiaries to non-controlling shareholders		(53,896	)		(49,431	)
Purchases of treasury stock		(201,050	)		(159,903	)
Proceeds from sales of treasury stock		2,225			4,141
Payments for purchases of subsidiaries’ equity not affecting the scope of consolidation		(50,364	)		(38	)
Proceeds from sales of subsidiaries’ equity not affecting the scope of consolidation		0			—
Others		0			—

Net cash provided by (used in) financing activities		(290,538	)		(484,359	)

Effect of foreign exchange rate changes on cash and cash equivalents		(266,616	)		(4,192	)

Net increase (decrease) in cash and cash equivalents		11,187,748			(506,793	)

Cash and cash equivalents at the beginning of the period		63,525,940			74,713,689

Cash and cash equivalents at the end of the period		74,713,689			74,206,895

Mitsubishi UFJ Financial Group, Inc.

Notes to the Consolidated Financial Statements

(Notes on Going-Concern Assumption)

None.

(Changes in Accounting Policies)

(Change in the definition of cash and cash equivalents in the consolidated statements of cash flows)

From the fiscal year ended March 31, 2019, MUFG has changed the definition of cash and cash equivalents in the consolidated statements of cash flows to make it equivalent to “Cash and due from banks” on the consolidated balance sheet. Previously, it was defined as “Cash and due from banks” on the consolidated balance sheet excluding time deposits and negotiable certificates of deposits in other banks.

In light of the market environment where interest rates have long remained, and are expected to remain, ultra-low due to recent monetary policy, and the business environment where MUFG implements strategies to transform its business model based on the current Medium-Term Business Plan, treating such “Due from banks” as an operating asset which constitute cash flows from operating activities no longer accurately reflects MUFG’s actual cash management activities, therefore, “Due from banks”, regardless of whether it bear interest, is included in cash and cash equivalents in order to more accurately present the actual cash flows.

As a result, with respect to the consolidated statement of cash flows for the fiscal year ended March 31, 2018, “Net cash provided by (used in) operating activities”, “Net increase (decrease) in cash and cash equivalents”, and “Cash and cash equivalents at the end of the period” increased ¥5,397,580 million, ¥5,211,426 million, and ¥34,768,975 million, respectively.

Mitsubishi UFJ Financial Group, Inc.

(Segment Information)

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

For the Fiscal Year Ended March 31, 2019


	(in millions of yen)
	Retail & Commercial Banking Business Group		Japanese Corporate & Investment Banking Business Group		Global Corporate & Investment Banking Business Group		Global Commercial Banking Business Group		Asset Management & Investor Services Business Group		Total of Customer Business		Global Markets Business Group		Other			Total
Net revenue		1,521,634		541,508		399,732		706,898		202,976		3,372,750		472,477		(32,866	)		3,812,362
Operating expenses		1,222,813		291,819		246,988		486,459		124,577		2,372,658		221,259		146,161			2,740,079
Operating profit (loss)		298,821		249,689		152,744		220,438		78,398		1,000,092		251,218		(179,027	)		1,072,283

(Notes)

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

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

“Operating expenses” includes personnel expenses and premise expenses.

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.

2.	Reconciliation of the total operating profit in each of the above tables to the ordinary profit in the consolidated statement of income for the corresponding fiscal year period


operating profit	For the fiscal year ended March 31, 2019
Total operating profit of reporting segments		1,072,283
Operating profit of consolidated subsidiaries excluded from reporting segments		19,265
Credit related expenses		(143,006	)
Gains on reversal of allowance for credit losses		15,053
Gains on reversal of reserve for contingent losses included in credit costs		55,064
Gains on loans written-off		67,063
Net gains on equity securities and other securities		112,602
Equity in earnings of equity method investees		284,389
Others		(134,670	)
Ordinary profit in the consolidated statement of income		1,348,043

Mitsubishi UFJ Financial Group, Inc.

(Per Share Information)


	For the fiscal year ended March 31, 2019
Total equity per common share		¥1,252.02
Basic earnings per common share		¥66.91
Diluted earnings per common share		¥66.61

(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, 2019
Basic earnings per common share
Profits attributable to owners of parent	million yen	872,689
Profits not attributable to common shareholders	million yen	—
Profits attributable to common shareholders of parent	million yen	872,689
Average number of common shares during the period	thousand shares	13,042,072
Diluted earnings per common share
Adjustment to profits attributable to owners of parent	million yen	(3,813)
Adjustment related to dilutive shares of consolidated subsidiaries and others	million yen	(3,813)
Increase in common shares	thousand shares	484
Subscription rights to shares	thousand shares	484
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 and others - 0 million units as of December 31, 2018

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


		As of March 31, 2019
Total equity	million yen	17,261,677
Deductions from total equity:	million yen	1,082,401
Subscription rights to shares	million yen	217
Non-controlling interests	million yen	1,082,184
Total equity attributable to common shares	million yen	16,179,276
Number of common shares at period end used for the calculation of total equity per common share	thousand shares	12,922,453

Mitsubishi UFJ Financial Group, Inc.

(Significant Subsequent Events)

(PT Bank Danamon Indonesia, Tbk. became a consolidated subsidiary through additional share acquisition)

On April 29, 2019, MUFG Bank, Ltd. (“the Bank”), a consolidated subsidiary of MUFG, acquired an additional 54.0% equity interest (5,174,089,400 shares) in PT Bank Danamon Indonesia, Tbk. (“Danamon”), from the Asia Financial (Indonesia) Pte. Ltd. and other shareholders, based on a price of IDR 9,590 (approximately USD 0.68 / approximately ¥77) per share at an aggregate investment amount of IDR 49,620 billion (approximately USD 3.51 billion / approximately ¥397 billion).

Simultaneously, the Bank acquired an additional 92.1% equity interest (736,578,439 shares) in PT Bank Nusantara Parahyangan, Tbk. (“BNP”) from ACOM CO., LTD., a consolidated subsidiary of MUFG, and other shareholders, based on a price of IDR 4,088 (approximately USD 0.29 / approximately ¥33) per share at an aggregate investment amount of IDR 3,011 billion (approximately USD 0.21 billion / approximately ¥24.1 billion). As a result of that the Bank held 94.0% shares of Danamon and 99.9% shares of BNP, Danamon and BNP became consolidated subsidiaries of both MUFG and the Bank.

In addition, Danamon and BNP completed an absorption-type merger on May 1, 2019, in which Danamon was the surviving bank and BNP was the absorbed bank. As a result of this merger, the Bank acquired 188,908,055 ordinary shares of Danamon in exchange for BNP shares which the Bank had, and the amount of the Bank’s ordinary shares of Danamon became 9,196,854,792 which is equivalent to 94.1% equity interest in Danamon.

Financial summary of Danamon for the fiscal year ended December 31, 2018:

(millions of IDR)


Operating income:			23,868,444
Net operating income:			5,158,037
Net income attributable to shareholders:			3,922,172
Total assets:			186,762,189
Net equity:			41,939,821

(Notes)

“Operating income” refers to the total of “Interest income” and “Other operating income.”

The above figures are presented based on Regulation of Financial Service Authority (“POJK”) No. 6/POJK.03/2015 dated 31 March 2015 regarding “Transparency and Publication of Bank Reports” and its amendment of POJK No. 32/POJK.03/2016 dated 8 August 2016, and the Copy of Circular Letter of Financial Service Authority (“SEOJK”) No. 43/SEOJK.03/2016 dated 28 September 2016.

Selected Financial Information

under Japanese GAAP

For the Fiscal Year Ended March 31, 2019


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

2. Average Interest Rate Spread	[ BK Non-consolidated ][ TB Non-consolidated ] [ BK and TB Combined ]	7

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

4. Securities	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	9

5. ROE	[ MUFG Consolidated ]	12

6. Risk-Adjusted Capital Ratio	[ MUFG Consolidated ][ BK Consolidated ][ TB Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	13

7. Risk-Monitored Loans	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Account ]	14

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

9. Progress in Disposition of Problem Assets	[ BK Non-consolidated ] [ TB 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	[ BK and TB Combined including Trust Accounts ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Accounts ]	25

11. Overseas Loans	[ BK Consolidated excl. MUAH, KS ]56	29

12. Loans and Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	30

13. Domestic Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	31

14. Status of Deferred Tax Assets	[ BK Non-consolidated ][ TB Non-consolidated ]	32

15. Retirement Benefits	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	34

(References)

1. Financial Statements	[ BK Non-consolidated ][ TB Non-consolidated ]	37

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

(*2)	“BK” means MUFG Bank, Ltd.

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

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

(*5)	“MUAH” means MUFG Americas Holdings Corporation.

(*6)	“KS” means Bank of Ayudhya Public Company Limited.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2019 (A)			March 31, 2018 (B)			(Decrease) (A) - (B)
Gross profits		3,725,720			3,854,231			(128,511	)
Gross profits before credit costs for trust accounts		3,725,720			3,854,231			(128,511	)
Net interest income		1,922,776			1,906,831			15,945
Trust fees		125,385			122,533			2,851
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		1,303,954			1,327,198			(23,244	)
Net trading profits		216,165			292,472			(76,306	)
Net other operating profits		157,438			205,195			(47,757	)
Net gains (losses) on debt securities		29,977			6,707			23,269
General and administrative expenses		2,647,137			2,621,431			25,706
Amortization of goodwill		17,431			17,603			(172	)
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		1,096,013			1,250,403			(154,390	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		1,078,582			1,232,800			(154,217	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits*		1,078,582			1,232,800			(154,217	)
Net non-recurring gains (losses)		269,461			229,618			39,842
Credit costs (3)		(143,006	)		(185,191	)		42,185
Losses on loan write-offs		(154,941	)		(161,192	)		6,251
Provision for specific allowance for credit losses		—			—			—
Other credit costs		11,935			(23,998	)		35,934
Reversal of allowance for credit losses (4)		15,053			60,200			(45,147	)
Reversal of reserve for contingent losses included in credit costs (5)		55,064			—			55,064
Gains on loans written-off (6)		67,063			78,880			(11,817	)
Net gains (losses) on equity securities		112,602			133,178			(20,575	)
Gains on sales of equity securities		203,481			174,633			28,848
Losses on sales of equity securities		(77,486	)		(34,446	)		(43,039	)
Losses on write-down of equity securities		(13,392	)		(7,008	)		(6,383	)
Equity in earnings of equity method investees		284,389			242,885			41,503
Other non-recurring gains (losses)		(121,704	)		(100,334	)		(21,369	)

Ordinary profits		1,348,043			1,462,418			(114,375	)

Net extraordinary gains (losses)		(202,715	)		(53,041	)		(149,674	)
Losses on impairment of fixed assets		(184,692	)		(76,122	)		(108,570	)
Losses on change in equity		(15,223	)		(19,569	)		4,346
Gains on exchange of shares of affiliates		—			48,695			(48,695	)
Profits before income taxes		1,145,327			1,409,377			(264,050	)
Income taxes-current		189,195			300,032			(110,837	)
Income taxes-deferred		6,373			13,404			(7,030	)
Total taxes		195,568			313,436			(117,868	)
Profits		949,758			1,095,940			(146,182	)
Profits attributable to non-controlling interests		77,069			106,276			(29,207	)

Profits attributable to owners of parent		872,689			989,664			(116,974	)


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

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(5,826	)		(46,110	)		40,284

Number of consolidated subsidiaries		222			209			13
Number of affiliated companies accounted for under the equity method		55			56			(1	)

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2019 (A)			March 31, 2018 (B)			(Decrease) (A) - (B)
Gross profits		1,861,006			2,029,854			(168,848	)
Gross profits before credit costs for trust accounts		1,861,006			2,029,854			(168,848	)
Domestic gross profits		1,242,864			1,121,090			121,774
Net interest income		773,025			560,740			212,284
Trust fees		99,258			96,401			2,856
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		337,704			375,606			(37,901	)
Net trading profits		21,580			(3,192	)		24,772
Net other operating profits		11,295			91,534			(80,238	)
Net gains (losses) on debt securities		29,426			75,586			(46,160	)
Non-domestic gross profits		618,142			908,764			(290,622	)
Net interest income		372,184			558,987			(186,803	)
Net fees and commissions		183,941			195,172			(11,230	)
Net trading profits		14,696			82,282			(67,586	)
Net other operating profits		47,320			72,321			(25,001	)
Net gains (losses) on debt securities		4,824			(69,580	)		74,405
General and administrative expenses		1,328,014			1,313,296			14,717
Personnel expenses		455,367			473,814			(18,447	)
Non-personnel expenses		796,293			770,626			25,666
Taxes		76,353			68,855			7,498
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		532,991			716,557			(183,565	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		532,991			716,557			(183,565	)
Net non-recurring gains (losses)		205,992			126,627			79,364
Credit costs (3)		(26,996	)		(74,138	)		47,141
Losses on loan write-offs		(37,554	)		(49,908	)		12,353
Provision for specific allowance for credit losses		—			—			—
Other credit costs		10,558			(24,230	)		34,788
Reversal of allowance for credit losses (4)		80,495			127,343			(46,847	)
Reversal of reserve for contingent losses included in credit costs (5)		57,650			561			57,088
Gains on loans written-off (6)		18,721			25,779			(7,058	)
Net gains (losses) on equity securities		105,432			120,684			(15,252	)
Gains on sales of equity securities		196,107			163,036			33,071
Losses on sales of equity securities		(77,337	)		(36,618	)		(40,718	)
Losses on write-down of equity securities		(13,338	)		(5,733	)		(7,604	)
Other non-recurring gains (losses)		(29,310	)		(73,603	)		44,292

Ordinary profits		738,983			843,185			(104,201	)

Net extraordinary gains (losses)		156,193			(13,327	)		169,520
Net gains (losses) on disposition of fixed assets		3,236			(6,861	)		10,097
Losses on impairment of fixed assets		(32,278	)		(59,277	)		26,999
Gains on sales of equity securities of subsidiaries		170,955			—			170,955
Gains on exchange of shares of affiliates		—			52,811			(52,811	)
Income before income taxes		895,177			829,858			65,318
Income taxes-current		93,917			189,205			(95,288	)
Income taxes-deferred		42,908			16,186			26,721
Total taxes		136,825			205,392			(68,567	)

Net income		758,351			624,465			133,885


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		129,871			79,546			50,324

Mitsubishi UFJ Financial Group, Inc.

BK Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2019 (A)			March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,498,541			2,625,973			(127,431	)
Net interest income		1,606,590			1,586,230			20,359
Trust fees		13,071			13,652			(580	)
Net fees and commissions		698,607			723,163			(24,556	)
Net trading profits		42,946			82,988			(40,041	)
Net other operating profits		137,326			219,939			(82,612	)
Net gains (losses) on debt securities		32,929			13,726			19,202
General and administrative expenses		1,818,572			1,778,650			39,922
Amortization of goodwill		16,344			16,368			(24	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		696,313			863,691			(167,377	)
Net operating profits before provision for general allowance for credit losses		679,969			847,322			(167,353	)
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits*		679,969			847,322			(167,353	)
Net non-recurring gains (losses)		171,272			54,227			117,044
Credit costs (2)		(56,424	)		(103,268	)		46,844
Losses on loan write-offs		(68,357	)		(78,300	)		9,942
Provision for specific allowance for credit losses		—			—			—
Other credit costs		11,932			(24,968	)		36,901
Reversal of allowance for credit losses (3)		32,918			59,568			(26,650	)
Reversal of reserve for contingent losses included in credit costs (4)		55,206			—			55,206
Gains on loans written-off (5)		46,773			58,357			(11,584	)
Net gains (losses) on equity securities		128,793			92,093			36,700
Gains on sales of equity securities		165,428			133,289			32,139
Losses on sales of equity securities		(23,842	)		(35,261	)		11,418
Losses on write-down of equity securities		(12,792	)		(5,934	)		(6,858	)
Equity in earnings of equity method investees		14,401			25,456			(11,055	)
Other non-recurring gains (losses)		(50,395	)		(77,979	)		27,583

Ordinary profits		851,241			901,550			(50,308	)

Net extraordinary gains (losses)		(38,822	)		(57,898	)		19,076
Net gains (losses) on disposition of fixed assets		(1,946	)		(4,404	)		2,458
Losses on impairment of fixed assets		(30,756	)		(53,493	)		22,737
Losses on sales of equity securities of affiliates		(6,682	)		—			(6,682	)
Profits before income taxes		812,419			843,651			(31,232	)
Income taxes-current		155,166			205,415			(50,249	)
Income taxes-deferred		1,875			20,280			(18,405	)
Total taxes		157,041			225,695			(68,654	)
Profits		655,377			617,956			37,421
Profits attributable to non-controlling interests		42,940			42,695			244

Profits attributable to owners of parent		612,437			575,260			37,177


Note:
* Net operating profits = Net operating profits of BK + 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)		78,473			14,657			63,816

Number of consolidated subsidiaries		127			126			1
Number of affiliated companies accounted for under the equity method		44			48			(4	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2019 (A)			March 31, 2018 (B)			(Decrease) (A) - (B)
Gross profits		1,535,365			1,673,145			(137,780	)
Domestic gross profits		974,088			922,922			51,166
Net interest income		693,753			549,415			144,338
Net fees and commissions		248,314			274,537			(26,222	)
Net trading profits		753			(59	)		813
Net other operating profits		31,267			99,029			(67,762	)
Net gains (losses) on debt securities		24,620			72,886			(48,265	)
Non-domestic gross profits		561,276			750,223			(188,946	)
Net interest income		317,311			415,913			(98,601	)
Net fees and commissions		182,190			191,384			(9,193	)
Net trading profits		8,101			63,532			(55,431	)
Net other operating profits		53,672			79,392			(25,720	)
Net gains (losses) on debt securities		11,867			(60,358	)		72,225
General and administrative expenses		1,146,952			1,118,781			28,171
Personnel expenses		395,599			403,022			(7,423	)
Non-personnel expenses		683,359			657,928			25,430
Amortization of goodwill		356			346			9
Taxes		67,994			57,830			10,164
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		388,768			554,710			(165,942	)
Net operating profits before provision for general allowance for credit losses		388,412			554,364			(165,951	)
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits		388,412			554,364			(165,951	)
Net non-recurring gains (losses)		236,052			82,727			153,325
Credit costs (2)		(25,813	)		(69,947	)		44,134
Reversal of allowance for credit losses (3)		77,991			101,178			(23,187	)
Reversal of reserve for contingent losses included in credit costs (4)		57,650			—			57,650
Gains on loans written-off (5)		18,714			24,827			(6,113	)
Net gains (losses) on equity securities		126,854			89,744			37,109
Gains on sales of equity securities		162,333			129,001			33,332
Losses on sales of equity securities		(23,096	)		(34,675	)		11,578
Losses on write-down of equity securities		(12,382	)		(4,581	)		(7,801	)
Other non-recurring gains (losses)		(19,344	)		(63,075	)		43,731

Ordinary profits		624,464			637,091			(12,626	)

Net extraordinary gains (losses)		142,809			(57,017	)		199,826
Net gains (losses) on disposition of fixed assets		(3,778	)		(6,017	)		2,238
Losses on impairment of fixed assets		(30,304	)		(51,000	)		20,696
Gains on sales of equity securities of subsidiaries		170,955			—			170,955
Income before income taxes		767,273			580,073			187,200
Income taxes-current		78,258			129,321			(51,062	)
Income taxes-deferred		25,799			13,041			12,758
Total taxes		104,057			142,362			(38,304	)

Net income		663,215			437,710			225,504


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		128,542			56,058			72,484
Provision for general allowance for credit losses		143,959			131,639			12,320
Provision for special allowance for credit losses		(66,236	)		(30,291	)		(35,945	)
Allowance for credit to specific foreign borrowers		268			(170	)		438
Losses on loans write-off		(36,735	)		(45,325	)		8,589
Provision for contingent losses included in credit costs		57,650			(11,285	)		68,935
Gains on loans written-off		18,714			24,827			(6,113	)
Losses on sales of other loans, etc.		10,922			(13,337	)		24,259

Mitsubishi UFJ Financial Group, Inc.

TB Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2019 (A)			March 31, 2018 (B)			(Decrease) (A) - (B)
Gross profits		437,363			461,205			(23,841	)
Gross profits before credit costs for trust accounts		437,363			461,205			(23,841	)
Trust fees		112,636			109,377			3,259
Trust fees before credit costs for trust accounts		112,636			109,377			3,259
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		13,503			14,403			(900	)
Other trust fees		99,133			94,973			4,160
Credit costs for trust accounts (1)		—			—			—
Net interest income		128,818			134,698			(5,879	)
Net fees and commissions		181,533			204,410			(22,877	)
Net trading profits		30,161			19,970			10,191
Net other operating profits		(15,787	)		(7,250	)		(8,536	)
Net gains (losses) on debt securities		(2,299	)		(6,624	)		4,325
General and administrative expenses		268,962			286,067			(17,104	)
Amortization of goodwill		1,083			1,231			(148	)
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		169,484			176,369			(6,885	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		168,400			175,138			(6,737	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits*		168,400			175,138			(6,737	)
Net non-recurring gains (losses)		(30,872	)		45,482			(76,354	)
Credit costs (3)		(875	)		(4,229	)		3,353
Losses on loan write-offs		(875	)		(4,621	)		3,746
Provision for specific allowance for credit losses		—			—			—
Other credit costs		—			392			(392	)
Reversal of allowance for credit losses (4)		2,498			26,254			(23,756	)
Reversal of reserve for contingent losses included in credit costs (5)		0			555			(554	)
Gains on loans written-off (6)		35			996			(961	)
Net gains (losses) on equity securities		(21,307	)		30,939			(52,246	)
Gains on sales of equity securities		33,832			34,035			(203	)
Losses on sales of equity securities		(54,240	)		(1,943	)		(52,296	)
Losses on write-down of equity securities		(899	)		(1,152	)		253
Equity in earnings of equity method investees		510			4,283			(3,772	)
Other non-recurring gains (losses)		(11,734	)		(13,318	)		1,583

Ordinary profits		137,528			220,620			(83,091	)

Net extraordinary gains (losses)		12,055			28,798			(16,742	)
Net gains (losses) on disposition of fixed assets		6,983			(473	)		7,457
Losses on impairment of fixed assets		(2,227	)		(19,423	)		17,195
Gains on exchange of shares of affiliates		—			48,695			(48,695	)
Profits before income taxes		149,584			249,419			(99,834	)
Income taxes-current		24,282			70,439			(46,156	)
Income taxes-deferred		17,333			1,069			16,263
Total taxes		41,615			71,509			(29,893	)
Profits		107,969			177,910			(69,941	)
Profits attributable to non-controlling interests		3,990			9,707			(5,717	)

Profits attributable to owners of parent		103,979			168,203			(64,223	)


Note:
* Net operating profits = Net operating profits of TB + 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)		1,659			23,577			(21,918	)

Number of consolidated subsidiaries		57			49			8
Number of affiliated companies accounted for under the equity method		7			8			(1	)

TB Consolidated (combined operating results of TB and transferred entities to Intermediate Holding Company in the United States)
In July 2016 and July 2017, to comply with the financial regulations in the United States, TB transferred the interests in its subsidiaries in the United States to the Intermediate Holding Company (“IHC”) in United States which are owned by BK and MUFG. The combined operating results of TB 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		169,601			175,489			(5,888	)
Profits attributable to owners of parent		104,546			168,445			(63,898	)
Number of the entities transferred to IHC		3			3			—

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase
	March 31, 2019 (A)			March 31, 2018 (B)			(Decrease) (A) - (B)
Gross profits		325,640			356,708			(31,067	)
Gross profits before credit costs for trust accounts		325,640			356,708			(31,067	)
Domestic gross profits		268,775			198,167			70,607
Trust fees		99,258			96,401			2,856
Trust fees before credit costs for trust accounts		99,258			96,401			2,856
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		13,503			14,403			(900	)
Other trust fees		85,754			81,997			3,757
Credit costs for trust accounts (1)		—			—			—
Net interest income		79,272			11,325			67,946
Net fees and commissions		89,389			101,069			(11,679	)
Net trading profits		20,827			(3,132	)		23,959
Net other operating profits		(19,972	)		(7,495	)		(12,476	)
Net gains (losses) on debt securities		4,805			2,699			2,105
Non-domestic gross profits		56,865			158,540			(101,675	)
Net interest income		54,872			143,074			(88,201	)
Net fees and commissions		1,750			3,787			(2,037	)
Net trading profits		6,594			18,749			(12,154	)
Net other operating profits		(6,352	)		(7,070	)		718
Net gains (losses) on debt securities		(7,042	)		(9,222	)		2,179
General and administrative expenses		181,061			194,515			(13,453	)
Personnel expenses		59,767			70,791			(11,023	)
Non-personnel expenses		112,934			112,698			236
Taxes		8,358			11,025			(2,666	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		144,579			162,193			(17,614	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		144,579			162,193			(17,614	)
Net non-recurring gains (losses)		(30,060	)		43,900			(73,960	)
Credit costs (3)		(1,182	)		(4,190	)		3,007
Reversal of allowance for credit losses (4)		2,504			26,165			(23,660	)
Reversal of reserve for contingent losses included in credit costs (5)		—			561			(561	)
Gains on loans written-off (6)		6			952			(945	)
Net gains (losses) on equity securities		(21,421	)		30,939			(52,361	)
Gains on sales of equity securities		33,773			34,035			(261	)
Losses on sales of equity securities		(54,240	)		(1,943	)		(52,296	)
Losses on write-down of equity securities		(955	)		(1,152	)		197
Other non-recurring gains (losses)		(9,966	)		(10,527	)		561

Ordinary profits		114,519			206,093			(91,574	)

Net extraordinary gains (losses)		13,384			43,690			(30,306	)
Net gains (losses) on disposition of fixed assets		7,015			(843	)		7,859
Losses on impairment of fixed assets		(1,973	)		(8,276	)		6,303
Gains on exchange of shares of affiliates		—			52,811			(52,811	)
Income before income taxes		127,903			249,784			(121,881	)
Income taxes-current		15,659			59,884			(44,225	)
Income taxes-deferred		17,108			3,145			13,963
Total taxes		32,767			63,030			(30,262	)

Net income		95,135			186,754			(91,619	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		1,328			23,488			(22,160	)
Credit costs for trust accounts		—			—			—
Provision for general allowance for credit losses		2,479			26,017			(23,538	)
Provision for special allowance for credit losses		25			145			(120	)
Allowance for credit to specific foreign borrowers		—			1			(1	)
Losses on loans write-offs		(818	)		(4,582	)		3,764
Provision for contingent losses included in credit costs		(363	)		561			(925	)
Gains on loans written-off		6			952			(945	)
Losses on sales of other loans, etc.		—			392			(392	)

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BK Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2019 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2018 (B)
Total average interest rate on interest-earning assets (a)		0.60		0.09			0.51
Average interest rate on loans and bills discounted (b)		0.80		(0.07	)		0.88
Average interest rate on securities		0.99		0.42			0.56
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.52		(0.03	)		0.55
Average interest rate on deposits and NCD (d)		0.00		(0.00	)		0.00
Average interest rate on other liabilities		0.20		0.00			0.20
Overall interest rate spread (a)-(c)		0.07		0.12			(0.04	)
Interest rate spread (b)-(d)		0.80		(0.07	)		0.88

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.83		(0.10	)		0.94
Interest rate spread (e)-(d)		0.83		(0.10	)		0.93

TB Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2019 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2018 (B)
Total average interest rate on interest-earning assets (a)		0.62		0.45			0.17
Average interest rate on loans and bills discounted (b)		0.38		(0.06	)		0.44
Average interest rate on securities		1.85		2.13			(0.28	)
Total average interest rate on interest-bearing liabilities (c)		0.12		0.03			0.09
Average interest rate on deposits and NCD (d)		0.04		(0.02	)		0.06
Overall interest rate spread (a)-(c)		0.49		0.41			0.07
Interest rate spread (b)-(d)		0.34		(0.03	)		0.38

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.64		0.14			0.50
Interest rate spread (e)-(d)		0.59		0.16			0.43

BK and TB Combined
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2019 (A)		Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2018 (B)
Average interest rate on loans and bills discounted (a)		0.77		(0.02	)		0.80
Average interest rate on deposits and NCD (b)		0.00		(0.00	)		0.01
Interest rate spread (a)-(b)		0.77		(0.02	)		0.79

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (c)		0.82		(0.03	)		0.86
Interest rate spread (c)-(b)		0.82		(0.03	)		0.85

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, 2019

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

821.3

4,519.4

9,114.4

14,455.2

Receive-floater/pay-fix

455.6

2,127.7

1,555.4

4,138.8

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

1,276.9

6,647.2

10,669.8

18,594.0

BK Consolidated

(in billions of yen)

As of March 31, 2019

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

681.4

3,961.4

9,022.8

13,665.7

Receive-floater/pay-fix

110.3

518.7

250.4

879.5

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

791.7

4,480.2

9,273.2

14,545.3

TB Consolidated

(in billions of yen)

As of March 31, 2019

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

139.8

557.9

91.5

789.4

Receive-floater/pay-fix

345.5

1,559.7

1,295.2

3,200.5

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

485.4

2,117.6

1,386.8

3,989.9

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, 2019									As of March 31, 2018
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Debt securities being held to maturity		4,448,167		11,047			46,365		35,317		3,593,058		37,990			55,058		17,068
Domestic bonds		1,100,701		41,618			41,618		—		1,100,828		40,211			40,211		—
Government bonds		1,100,701		41,618			41,618		—		1,100,828		40,211			40,211		—
Municipal bonds		—		—			—		—		—		—			—		—
Corporate bonds		—		—			—		—		—		—			—		—
Other		3,347,466		(30,570	)		4,746		35,317		2,492,230		(2,221	)		14,847		17,068
Foreign bonds		1,213,548		(20,140	)		3,330		23,471		1,120,883		(9,438	)		6,408		15,846
Other		2,133,918		(10,430	)		1,415		11,846		1,371,346		7,216			8,438		1,222

	(in millions of yen)
	As of March 31, 2019									As of March 31, 2018
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Available-for-sale securities		60,578,654		3,335,691			3,640,100		304,408		55,397,324		3,517,412			3,922,054		404,642
Domestic equity securities		4,953,392		2,764,362			2,827,068		62,706		5,541,043		3,220,193			3,258,960		38,767
Domestic bonds		27,261,206		357,491			359,092		1,600		26,980,627		305,519			313,043		7,524
Government bonds		21,542,335		278,970			279,803		833		22,450,541		259,042			261,077		2,035
Municipal bonds		2,226,565		22,588			22,593		4		1,536,392		5,284			7,804		2,520
Corporate bonds		3,492,305		55,932			56,695		762		2,993,693		41,192			44,161		2,969
Other		28,364,055		213,838			453,939		240,101		22,875,652		(8,300	)		350,049		358,350
Foreign equity securities		114,879		52,586			52,598		11		334,540		35,975			78,677		42,702
Foreign bonds		21,532,914		173,648			285,313		111,665		17,448,342		(139,099	)		120,866		259,965
Other		6,716,261		(12,396	)		116,027		128,424		5,092,769		94,823			150,505		55,682

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2019									As of March 31, 2018
	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		11,697,276		8,610,818			4,970,807		3,083,004		11,064,591		8,636,608			5,905,166		2,475,089
Government bonds		11,516,387		7,161,950			2,128,167		1,836,531		10,876,130		7,616,696			3,629,426		1,429,117
Municipal bonds		7,297		371,107			1,848,072		88		45,004		199,081			1,292,126		180
Corporate bonds		173,591		1,077,760			994,567		1,246,385		143,457		820,830			983,613		1,045,791
Other		2,809,706		5,551,119			7,151,463		13,030,373		2,813,304		5,611,715			6,162,056		8,021,620
Foreign bonds		2,519,534		3,974,657			6,427,364		9,806,770		2,604,848		4,379,714			5,323,315		6,238,067
Other		290,172		1,576,461			724,098		3,223,603		208,455		1,232,000			838,740		1,783,552
Total		14,506,983		14,161,937			12,122,270		16,113,378		13,877,896		14,248,323			12,067,222		10,496,709

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

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

Fair Value Information on Securities

(in millions of yen)

As of March 31, 2019

As of March 31, 2018

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

2,149,931

33,864

42,230

8,366

1,909,933

44,573

45,248

674

Stocks of subsidiaries and affiliates

1,187,700

(19,953

)

14,409

34,362

932,607

105,350

120,348

14,998

(in millions of yen)

As of March 31, 2019

As of March 31, 2018

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Available-for-sale securities

43,913,005

2,553,484

2,757,924

204,440

38,764,391

2,757,167

2,981,731

224,564

Domestic equity securities

4,032,799

2,162,644

2,222,605

59,961

4,497,191

2,517,171

2,557,190

40,019

Domestic bonds

24,613,103

319,638

321,025

1,386

23,610,239

273,943

279,894

5,950

Other

15,267,102

71,201

214,292

143,091

10,656,960

(33,947

)

144,646

178,593

Foreign equity securities

95,816

45,829

46,465

636

229,935

40,051

71,789

31,737

Foreign bonds

11,332,011

108,606

142,259

33,652

7,663,006

(56,832

)

46,299

103,132

Other

3,839,275

(83,235

)

25,567

108,802

2,764,018

(17,166

)

26,557

43,723

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

(in millions of yen)

As of March 31, 2019

As of March 31, 2018

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

10,665,367

7,727,089

4,839,031

2,482,315

10,173,197

6,604,091

5,849,537

2,084,241

Government bonds

10,497,931

6,322,360

2,117,947

1,255,705

9,999,700

5,681,642

3,619,368

1,069,042

Municipal bonds

7,297

368,529

1,825,241

44,986

199,081

1,292,113

161

Corporate bonds

160,137

1,036,200

895,842

1,226,530

128,510

723,367

938,056

1,015,036

Other

1,891,059

2,000,842

2,821,111

7,639,867

1,927,595

2,038,470

2,361,263

3,264,675

Foreign bonds

1,451,742

931,649

2,453,091

6,477,391

1,577,259

1,390,215

1,878,365

2,793,885

Other

439,316

1,069,192

368,020

1,162,475

350,335

648,255

482,898

470,789

Total

12,556,426

9,727,932

7,660,143

10,122,183

12,100,792

8,642,562

8,210,801

5,348,916

Mitsubishi UFJ Financial Group, Inc.

TB 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, 2019									As of March 31, 2018
	Amount on balance sheet		Differences			Gains		Losses		Amount on balance sheet		Differences			Gains		Losses
Debt securities being held to maturity		942,676		(2,360	)		795		3,156		494,365		2,702			3,250		547
Stocks of subsidiaries and affiliates		54,072		(9	)		534		544		7,190		413			413		—

	(in millions of yen)
	As of March 31, 2019									As of March 31, 2018
	Amount on balance sheet		Differences			Gains		Losses		Amount on balance sheet		Differences			Gains		Losses
Available-for-sale securities		12,521,803		752,676			804,225		51,549		12,874,815		745,891			861,604		115,712
Domestic equity securities		971,597		545,080			554,752		9,672		1,093,627		640,863			645,330		4,467
Domestic bonds		2,759,889		36,881			37,225		344		3,471,719		30,690			32,391		1,701
Other		8,790,317		170,714			212,246		41,532		8,309,468		74,338			183,881		109,542
Foreign equity securities		92		53			53		—		91,065		(11,387	)		46		11,433
Foreign bonds		7,065,334		103,400			128,031		24,630		7,025,849		(12,310	)		75,228		87,539
Other		1,724,890		67,260			84,162		16,901		1,192,552		98,036			108,606		10,569
Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2019									As of March 31, 2018
	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		1,133,504		893,919			131,775		600,688		877,274		2,147,968			55,628		390,848
Government bonds		1,120,051		839,796			10,220		580,825		862,310		2,040,446			10,058		360,074
Municipal bonds		—		2,578			22,830		8		17		—			13		18
Corporate bonds		13,453		51,545			98,725		19,854		14,946		107,522			45,556		30,755
Other		672,678		1,941,745			3,119,972		3,111,976		697,169		2,241,610			2,707,396		2,496,534
Foreign bonds		605,965		1,574,550			2,890,838		2,925,587		677,858		1,837,867			2,507,902		2,493,315
Other		66,713		367,195			229,134		186,389		19,310		403,743			199,493		3,219
Total		1,806,183		2,835,665			3,251,748		3,712,665		1,574,444		4,389,579			2,763,024		2,887,383

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the fiscal year
ended
March 31, 2019
(A)

Increase
(Decrease)
(A) - (B)

For the fiscal year
ended
March 31, 2018
(B)

ROE

6.45

(1.07

)

7.53

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

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio



MUFG Consolidated	(in billions of yen)
	As of March 31, 2019 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)			As of September 30, 2018
(1) Total capital ratio (4)/(7)		16.03	%		(0.53	)%		16.56	%		15.82	%
(2) Tier 1 capital ratio (5)/(7)		13.90	%		(0.42	)%		14.32	%		13.67	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.23	%		(0.35	)%		12.58	%		12.02	%
(4) Total capital		18,769.7			(25.6	)		18,795.4			19,011.2
(5) Tier 1 capital		16,276.3			24.5			16,251.7			16,427.0
(6) Common Equity Tier 1 capital		14,322.4			37.4			14,284.9			14,446.1
(7) Risk weighted assets		117,091.1			3,627.5			113,463.6			120,127.1
(8) Required Capital (7)×8%		9,367.2			290.2			9,077.0			9,610.1

BK Consolidated	(in billions of yen)
	As of March 31, 2019 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)			As of September 30, 2018
(1) Total capital ratio (4)/(7)		14.42	%		(1.47	)%		15.90	%		14.04	%
(2) Tier 1 capital ratio (5)/(7)		12.46	%		(1.13	)%		13.59	%		12.01	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		10.83	%		(1.01	)%		11.85	%		10.50	%
(4) Total capital		14,632.6			162.3			14,470.2			14,692.5
(5) Tier 1 capital		12,639.4			265.3			12,374.0			12,573.1
(6) Common Equity Tier 1 capital		10,990.8			202.4			10,788.3			10,986.8
(7) Risk weighted assets		101,426.3			10,419.1			91,007.1			104,635.8
(8) Required Capital (7)×8%		8,114.1			833.5			7,280.5			8,370.8

TB Consolidated	(in billions of yen)
	As of March 31, 2019 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)			As of September 30, 2018
(1) Total capital ratio (4)/(7)		24.40	%		4.36	%		20.03	%		24.44	%
(2) Tier 1 capital ratio (5)/(7)		21.26	%		3.59	%		17.67	%		21.55	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		19.57	%		3.36	%		16.21	%		19.89	%
(4) Total capital		2,213.1			(332.4	)		2,545.6			2,576.8
(5) Tier 1 capital		1,928.9			(316.8	)		2,245.8			2,271.9
(6) Common Equity Tier 1 capital		1,775.5			(284.5	)		2,060.1			2,096.5
(7) Risk weighted assets		9,069.2			(3,636.0	)		12,705.2			10,540.3
(8) Required Capital (7)×8%		725.5			(290.8	)		1,016.4			843.2

BK Non-consolidated	(in billions of yen)
	As of March 31, 2019 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)			As of September 30, 2018
(1) Total capital ratio (4)/(7)		15.58	%		(1.31	)%		16.90	%		15.08	%
(2) Tier 1 capital ratio (5)/(7)		13.53	%		(0.98	)%		14.51	%		12.99	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		11.69	%		(0.84	)%		12.54	%		11.28	%
(4) Total capital		13,560.5			349.2			13,211.3			13,653.5
(5) Tier 1 capital		11,773.8			429.7			11,344.0			11,759.7
(6) Common Equity Tier 1 capital		10,172.2			369.7			9,802.4			10,218.1
(7) Risk weighted assets		86,990.0			8,834.3			78,155.7			90,514.7
(8) Required Capital (7)×8%		6,959.2			706.7			6,252.4			7,241.1

TB Non-consolidated	(in billions of yen)
	As of March 31, 2019 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)			As of September 30, 2018
(1) Total capital ratio (4)/(7)		24.25	%		4.36	%		19.88	%		24.77	%
(2) Tier 1 capital ratio (5)/(7)		21.12	%		3.56	%		17.55	%		21.83	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		19.42	%		3.24	%		16.18	%		20.14	%
(4) Total capital		2,195.0			(334.2	)		2,529.3			2,566.4
(5) Tier 1 capital		1,911.2			(321.5	)		2,232.7			2,261.8
(6) Common Equity Tier 1 capital		1,758.2			(299.5	)		2,057.7			2,086.8
(7) Risk weighted assets		9,049.4			(3,667.2	)		12,716.6			10,359.4
(8) Required Capital (7)×8%		723.9			(293.3	)		1,017.3			828.7

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 BK and TB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

Mitsubishi UFJ Financial Group, Inc.

7. Risk-Monitored Loans

MUFG Consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2019 (A)		% to total loans and bills discounted			As of March 31, 2018 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		46,597		0.04	%		50,351		0.04	%		(3,754	)		(0.00	)%
Non-accrual delinquent loans		586,487		0.54	%		614,955		0.56	%		(28,468	)		(0.02	)%
Accruing loans contractually past due 3 months or more		18,600		0.01	%		29,193		0.02	%		(10,592	)		(0.00	)%
Restructured loans		315,406		0.29	%		577,277		0.53	%		(261,870	)		(0.24	)%
Total risk monitored loans		967,092		0.90	%		1,271,777		1.17	%		(304,685	)		(0.27	)%
Total loans and bills discounted		107,412,468					108,090,994					(678,525	)

Written-off		332,364					361,108					(28,744	)

(2) Allowance for Credit Losses

	(in millions of yen)
	As of March 31, 2019 (A)		% to total risk monitored loans			As of March 31, 2018 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		711,236		73.54	%		807,139		63.46	%		(95,902	)		10.07	%
General allowance for credit losses		440,539					596,523					(155,984	)
Specific allowance for credit losses		270,408					210,058					60,349
Allowance for credit to specific foreign borrowers		288					556					(268	)

(3) Classification of Risk-Monitored Loans



Classified by Geographic Area	(in millions of yen)
	As of March 31, 2019 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		584,353		887,090		(302,736	)
Overseas		382,738		384,687		(1,948	)
Asia		170,399		155,810		14,588
Indonesia		4,505		8,678		(4,172	)
Singapore		29,123		14,380		14,743
Thailand		125,845		125,943		(97	)
Hong Kong		554		706		(151	)
Other		10,368		6,102		4,266
Americas		148,273		157,565		(9,291	)
Europe, Middle East and Other		64,065		71,311		(7,245	)

Total		967,092		1,271,777		(304,685	)


Classified by Industry	(in millions of yen)
	As of March 31, 2019 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		584,353		887,090		(302,736	)
Manufacturing		86,736		329,574		(242,838	)
Construction		9,999		12,680		(2,681	)
Wholesale and retail		108,643		114,646		(6,003	)
Finance and insurance		900		997		(96	)
Real estate, goods rental and leasing		36,888		49,909		(13,021	)
Services		32,950		42,988		(10,037	)
Other industries		16,414		25,666		(9,251	)
Consumer		291,819		310,626		(18,806	)
Overseas		382,738		384,687		(1,948	)
Financial institutions		1,109		3,765		(2,656	)
Commercial and industrial		293,645		299,559		(5,913	)
Other		87,982		81,362		6,620

Total		967,092		1,271,777		(304,685	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2019 (A)		% to total loans and bills discounted			As of March 31, 2018 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		34,846		0.03	%		41,846		0.05	%		(7,000	)		(0.01	)%
Non-accrual delinquent loans		331,709		0.37	%		356,775		0.45	%		(25,066	)		(0.07	)%
Accruing loans contractually past due 3 months or more		11,101		0.01	%		23,616		0.02	%		(12,514	)		(0.01	)%
Restructured loans		167,737		0.19	%		411,324		0.51	%		(243,587	)		(0.32	)%
Total risk monitored loans		545,395		0.62	%		833,563		1.05	%		(288,168	)		(0.43	)%
Total loans and bills discounted		87,877,986					79,213,244					8,664,741
Written-off		280,313					294,955					(14,642	)

(2) Allowance for Credit Losses
	(in millions of yen)
	As of March 31, 2019 (A)		% to total risk monitored loans			As of March 31, 2018 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		344,871		63.23	%		418,248		50.17	%		(73,377	)		13.05	%
General allowance for credit losses		188,953					313,783					(124,829	)
Specific allowance for credit losses		155,628					103,908					51,720
Allowance for credit to specific foreign borrowers		288					556					(268	)

(3) Classification of Risk-Monitored Loans



Classified by Geographic Area	(in millions of yen)
	As of March 31, 2019 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		394,674		675,362		(280,688	)
Overseas		150,720		158,200		(7,480	)
Asia		40,026		22,849		17,177
Indonesia		—		1,790		(1,790	)
Singapore		29,123		14,380		14,743
Thailand		—		—		—
Hong Kong		554		706		(151	)
Other		10,347		5,972		4,375
Americas		65,861		64,039		1,821
Europe, Middle East and Other		44,832		71,311		(26,478	)

Total		545,395		833,563		(288,168	)


Classified by Industry	(in millions of yen)
	As of March 31, 2019 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		394,674		675,362		(280,688	)
Manufacturing		86,721		306,658		(219,937	)
Construction		9,979		12,073		(2,093	)
Wholesale and retail		108,505		114,403		(5,897	)
Finance and insurance		897		993		(96	)
Real estate		32,542		43,022		(10,480	)
Goods rental and leasing		1,876		1,970		(93	)
Services		32,934		42,747		(9,813	)
Other industries		16,405		25,661		(9,256	)
Consumer		104,813		127,833		(23,019	)
Overseas		150,720		158,200		(7,480	)
Financial institutions		541		3,681		(3,140	)
Commercial and industrial		144,322		154,425		(10,103	)
Other		5,857		93		5,763

Total		545,395		833,563		(288,168	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2019 (A)		% to total loans and bills discounted			As of March 31, 2018 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		—		—			462		0.00	%		(462	)		(0.00	)%
Non-accrual delinquent loans		3,714		0.07	%		6,457		0.04	%		(2,742	)		0.03	%
Accruing loans contractually past due 3 months or more		190		0.00	%		308		0.00	%		(117	)		0.00	%
Restructured loans		2,067		0.04	%		27,352		0.18	%		(25,285	)		(0.14	)%
Total risk monitored loans		5,973		0.12	%		34,582		0.23	%		(28,609	)		(0.11	)%
Total loans and bills discounted		4,643,676					14,514,713					(9,871,036	)

Written-off		591					7,383					(6,791	)

(2) Allowance for Credit Losses
	(in millions of yen)
	As of March 31, 2019 (A)		% to total risk monitored loans			As of March 31, 2018 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		2,712		45.41	%		33,138		95.82	%		(30,425	)		(50.40	)%
General allowance for credit losses		2,146					32,378					(30,231	)
Specific allowance for credit losses		566					759					(193	)
Allowance for credit to specific foreign borrowers		—					0					(0	)

(3) Classification of Risk-Monitored Loans


Classified by Geographic Area	(in millions of yen)
	As of March 31, 2019 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		5,973		34,071		(28,098	)
Overseas		—		510		(510	)
Asia		—		510		(510	)
Indonesia		—		—		—
Singapore		—		—		—
Thailand		—		510		(510	)
Hong Kong		—		—		—
Other		—		—		—
Americas		—		—		—
Europe, Middle East and Other		—		—		—

Total		5,973		34,582		(28,609	)


Classified by Industry	(in millions of yen)
	As of March 31, 2019 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		5,973		34,071		(28,098	)
Manufacturing		—		22,898		(22,898	)
Construction		—		591		(591	)
Wholesale and retail		—		100		(100	)
Finance and insurance		—		—		—
Real estate		2,443		4,890		(2,447	)
Goods rental and leasing		—		—		—
Services		—		228		(228	)
Other industries		—		—		—
Consumer		3,529		5,363		(1,833	)
Overseas		—		510		(510	)
Financial institutions		—		—		—
Commercial and industrial		—		510		(510	)
Other		—		—		—

Total		5,973		34,582		(28,609	)

Mitsubishi UFJ Financial Group, Inc.

TB 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, 2019 (A)		% to total loans and bills discounted			As of March 31, 2018 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		—		—			3		0.02	%		(3	)		(0.02	)%
Non-accrual delinquent loans		0		0.00	%		0		0.00	%		—			0.00	%
Accruing loans contractually past due 3 months or more		7		0.04	%		8		0.05	%		(1	)		(0.00	)%
Restructured loans		117		0.83	%		220		1.36	%		(102	)		(0.52	)%
Total risk monitored loans		124		0.88	%		232		1.43	%		(107	)		(0.54	)%
Total loans and bills discounted		14,083					16,186					(2,102	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of March 31, 2019 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Allowance for bad debts		42		48		(6	)

(3) Classification of Risk-Monitored Loans

Classified by Industry
	(in millions of yen)
	As of March 31, 2019 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		124		232		(107	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		119		183		(64	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		4		48		(43	)

Total		124		232		(107	)

Mitsubishi UFJ Financial Group, Inc.

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

BK and TB 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, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								106,612			118,812			(12,199	)
Doubtful								351,417			344,145			7,272
Special Attention								181,216			462,747			(281,530	)
Non Performing Loans (1)								639,246			925,704			(286,458	)

Normal								101,449,372			103,740,073			(2,290,701	)
Total								102,088,618			104,665,778			(2,577,159	)

Non Performing Loans / Total								0.62	%		0.88	%		(0.25	)%

(2) Status of Coverage of Non Performing Loans
							(in millions of yen)
							As of March 31, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								534,060			749,950			(215,890	)
Allowance for credit losses								203,342			280,523			(77,181	)
Collateral, guarantees, etc.								330,717			469,426			(138,709	)

Coverage ratio (2) / (1)								83.54	%		81.01	%		2.53	%

(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		106,612			4,427			102,184			—			100.00	%
		[118,812	]		[7,956	]		[110,856	]					[100.00	%]
Doubtful		351,417			148,237			141,343			—			82.40	%
		[344,145	]		[95,621	]		[173,843	]					[78.29	%]
Special Attention		181,216			50,677			87,189			—			76.07	%
		[462,747	]		[176,945	]		[184,727	]					[78.15	%]
Total		639,246			203,342			330,717			—			83.54	%
		[925,704	]		[280,523	]		[469,426	]					[81.01	%]
Note: The upper figures are as of March 31, 2019. The lower figures with brackets are as of March 31, 2018. (4) Classified by Industry
							(in millions of yen)
							As of March 31, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Domestic								482,874			716,305			(233,431	)
Manufacturing								88,249			329,923			(241,674	)
Construction								10,000			12,755			(2,754	)
Wholesale and retail								111,336			117,615			(6,278	)
Finance and insurance								1,283			1,448			(165	)
Real estate								35,704			48,271			(12,566	)
Goods rental and leasing								1,876			1,970			(93	)
Services								108,140			43,501			64,638
Other industries								17,732			27,318			(9,585	)
Consumer								108,550			133,500			(24,950	)
Overseas								156,371			209,398			(53,027	)
Financial institutions								541			3,862			(3,321	)
Commercial and industrial								149,784			205,442			(55,658	)
Other								6,045			93			5,952
Total								639,246			925,704			(286,458	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Non Performing Loans


							(in millions of yen)
							As of March 31, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								106,026			117,413			(11,386	)
Doubtful								348,192			338,442			9,750
Special Attention								178,838			434,940			(256,101	)
Non Performing Loans (1)								633,058			890,796			(257,737	)

Normal								96,714,385			88,874,301			7,840,084
Total								97,347,444			89,765,097			7,582,346

Non Performing Loans / Total								0.65	%		0.99	%		(0.34	)%

(2) Status of Coverage of Non Performing Loans

							(in millions of yen)
							As of March 31, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								529,523			718,588			(189,065	)
Allowance for credit losses								202,948			267,342			(64,393	)
Collateral, guarantees, etc.								326,574			451,245			(124,671	)

Coverage ratio (2) / (1)								83.64	%		80.66	%		2.97	%
(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		106,026			4,342			101,684			100.00	%		100.00	%
		[117,413	]		[7,871	]		[109,542	]		[100.00	%]		[100.00	%]
Doubtful		348,192			148,215			138,218			70.58	%		82.26	%
		[338,442	]		[95,405	]		[168,699	]		[56.20	%]		[78.03	%]
Special Attention		178,838			50,391			86,671			54.67	%		76.64	%
		[434,940	]		[164,066	]		[173,004	]		[62.63	%]		[77.49	%]
Total		633,058			202,948			326,574			66.21	%		83.64	%
		[890,796	]		[267,342	]		[451,245	]		[60.82	%]		[80.66	%]
Note: The upper figures are as of March 31, 2019. The lower figures with brackets are as of March 31, 2018.
(4) Classified by Industry
							(in millions of yen)
							As of March 31, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Domestic								476,686			681,908			(205,221	)
Manufacturing								88,249			307,025			(218,776	)
Construction								10,000			12,164			(2,163	)
Wholesale and retail								111,336			117,515			(6,178	)
Finance and insurance								1,283			1,448			(165	)
Real estate								33,141			43,196			(10,055	)
Goods rental and leasing								1,876			1,970			(93	)
Services								108,140			43,273			64,867
Other industries								17,732			27,318			(9,585	)
Consumer								104,925			127,994			(23,069	)
Overseas								156,371			208,888			(52,516	)
Financial institutions								541			3,862			(3,321	)
Commercial and industrial								149,784			204,932			(55,147	)
Other								6,045			93			5,952
Total								633,058			890,796			(257,737	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non Performing Loans


							(in millions of yen)
							As of March 31, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								585			1,395			(810	)
Doubtful								3,219			5,619			(2,399	)
Special Attention								2,258			27,661			(25,403	)
Non Performing Loans (1)								6,063			34,676			(28,613	)

Normal								4,721,027			14,849,817			(10,128,790	)
Total								4,727,090			14,884,494			(10,157,403	)

Non Performing Loans / Total								0.12	%		0.23	%		(0.10	)%

(2) Status of Coverage of Non Performing Loans

							(in millions of yen)
							As of March 31, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								4,532			31,129			(26,597	)
Allowance for credit losses								393			13,180			(12,787	)
Collateral, guarantees, etc.								4,138			17,949			(13,810	)

Coverage ratio (2) / (1)								74.74	%		89.77	%		(15.02	)%

(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		585			84			500			100.00	%		100.00	%
		[1,395	]		[84	]		[1,310	]		[100.00	%]		[100.00	%]
Doubtful		3,219			22			3,120			22.60	%		97.62	%
		[5,619	]		[216	]		[5,060	]		[38.70	%]		[93.90	%]
Special Attention		2,258			286			517			16.44	%		35.58	%
		[27,661	]		[12,879	]		[11,578	]		[80.07	%]		[88.41	%]
Total		6,063			393			4,138			20.44	%		74.74	%
		[34,676	]		[13,180	]		[17,949	]		[78.79	%]		[89.77	%]
Note: The upper figures are as of March 31, 2019. The lower figures with brackets are as of March 31, 2018. (4) Classified by Industry
							(in millions of yen)
							As of March 31, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Domestic								6,063			34,165			(28,102	)
Manufacturing								—			22,898			(22,898	)
Construction								—			591			(591	)
Wholesale and retail								—			100			(100	)
Finance and insurance								—			—			—
Real estate								2,443			4,890			(2,447	)
Goods rental and leasing								—			—			—
Services								—			228			(228	)
Other industries								—			—			—
Consumer								3,619			5,457			(1,837	)
Overseas								—			510			(510	)
Financial institutions								—			—			—
Commercial and industrial								—			510			(510	)
Other								—			—			—
Total								6,063			34,676			(28,613	)

Mitsubishi UFJ Financial Group, Inc.

TB 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, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								0			3			(3	)
Doubtful								4			83			(78	)
Special Attention								119			144			(25	)
Non Performing Loans (1)								124			232			(107	)

Normal								13,959			15,954			(1,995	)
Total								14,083			16,186			(2,102	)

Non Performing Loans / Total								0.88	%		1.43	%		(0.54	)%

(2) Status of Coverage of Non Performing Loans
							(in millions of yen)
							As of March 31, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								4			232			(227	)
Allowance for credit losses								—			—			—
Collateral, guarantees, etc.								4			232			(227	)

Coverage ratio (2) / (1)								3.95	%		100.00	%		(96.04	)%

(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		0			—			0			—			100.00	%
		[3	]		[—	]		[3	]					[100.00	%]
Doubtful		4			—			4			—			100.00	%
		[83	]		[—	]		[83	]					[100.00	%]
Special Attention		119			—			—			—			—
		[144	]		[—	]		[144	]					[100.00	%]
Total		124			—			4			—			3.95	%
		[232	]		[—	]		[232	]					[100.00	%]
Note: The upper figures are as of March 31, 2019. The lower figures with brackets are as of March 31, 2018.

(4) Classified by Industry
							(in millions of yen)
							As of March 31, 2019 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Domestic								124			232			(107	)
Manufacturing								—			—			—
Construction								—			—			—
Wholesale and retail								—			—			—
Finance and insurance								—			—			—
Real estate								119			183			(64	)
Goods rental and leasing								—			—			—
Services								—			—			—
Other industries								—			—			—
Consumer								4			48			(43	)
Total								124			232			(107	)

Mitsubishi UFJ Financial Group, Inc.

Overview of Non-Performing Loans

BK and TB 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

[102.1]

[3.3]

[1.1]

(*1)

100.00%

i) Bankrupt or De facto Bankrupt

[106.6]

Loans to bankrupt borrowers

[34.8]

Substantially
Bankrupt
Borrowers

Non-accrual

delinquent loans

[335.4]

Potentially
Bankrupt
Borrowers

[141.7]

[209.6]

70.56%

ii) Doubtful

[351.4]

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

[181.0]

53.96%

iii) Special Attention

[181.0]

Accruing loans contractually past due 3 months or more

[11.2]

Restructured loans

[169.8]

Borrowers
Requiring
Caution
(Other
Borrowers)

iv) Normal

[101,435.4]

Normal
Borrowers

Non-Performing Loans

Based on the “FRL”

Risk-Monitored Loans

i) + ii) + iii)

639.1

551.3

Total

i) + ii) + iii) + iv)

102,074.5

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

Mitsubishi UFJ Financial Group, Inc.

9. Progress in Disposition of Problem Assets

BK Non-consolidated

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


	(in millions of yen)
	As of March 31, 2016		As of March 31, 2017		As of March 31, 2018 (A)		As of March 31, 2019 (B)		(B) - (A)
Assets newly categorized during fiscal 2015		500,907		96,342		72,005		58,690		(13,315	)
Assets newly categorized during fiscal 2016				156,527		66,294		45,674		(20,620	)
Assets newly categorized during fiscal 2017						125,207		33,393		(91,813	)
Assets newly categorized during fiscal 2018								178,183

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the Fiscal Year Ended March 31, 2019
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		10,989
Reconstructive treatment		10,943
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		761
Write-offs		21,097
Others		136,026
Collection / Repayment		50,814
Upgrade		85,211

Total		179,818		41,238		138,580

Amount in process for disposition		90,568

Note:

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

Mitsubishi UFJ Financial Group, Inc.

TB 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, 2016		As of March 31, 2017		As of March 31, 2018 (A)		As of March 31, 2019 (B)		(B) - (A)
Assets newly categorized during fiscal 2015		18,743		883		718		242		(475	)
Assets newly categorized during fiscal 2016				1,872		643		380		(263	)
Assets newly categorized during fiscal 2017						1,319		491		(828	)
Assets newly categorized during fiscal 2018								1,067

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the Fiscal Year Ended March 31, 2019
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		—
Reconstructive treatment		—
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		—
Write-offs		6
Others		4,817
Collection / Repayment		2,385
Upgrade		2,432

Total		4,823		721		4,101

Amount in process for disposition		623

Note:

Mitsubishi UFJ Financial Group, Inc.

10.

Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors

BK and TB Combined including Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Domestic offices (excluding loans booked at offshore markets)		67,015,853			245,132			66,770,721
Manufacturing		9,825,253			211,907			9,613,346
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		175,797			36,657			139,140
Construction		684,017			(52,304	)		736,321
Utilities		1,991,478			162,595			1,828,883
Communication and information services		1,245,376			(102,444	)		1,347,820
Transport and postal activities		2,202,806			(12,629	)		2,215,435
Wholesale and retail		6,344,004			(102,151	)		6,446,155
Finance and insurance		9,377,853			927,028			8,450,825
Real estate		8,831,673			(154,469	)		8,986,142
Goods rental and leasing		2,174,889			83,747			2,091,142
Services		2,810,456			50,213			2,760,243
Municipal government		713,084			6,913			706,171
Other industries (including loans to the Japanese government)		20,639,163			(809,920	)		21,449,083
Overseas offices and loans booked at offshore markets		25,866,517			(1,397,474	)		27,263,992

Total		92,882,371			(1,152,342	)		94,034,713

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Total domestic consumer loans		15,917,754			(355,320	)		16,273,074
Housing loans		15,121,934			(332,008	)		15,453,943
Residential purpose		13,188,751			(262,729	)		13,451,480
Other		795,819			(23,311	)		819,131
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Outstanding amount		39,121,593			(1,107,314	)		40,228,907
% to total domestic loans		58.37	%		(1.87	)%		60.24	%

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Domestic offices (excluding loans booked at offshore markets)		62,079,261			8,002,123			54,077,138
Manufacturing		9,825,143			2,022,084			7,803,059
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		175,797			38,816			136,981
Construction		684,017			37,800			646,217
Utilities		1,946,478			571,984			1,374,494
Communication and information services		1,237,762			147,996			1,089,766
Transport and postal activities		2,180,369			633,045			1,547,324
Wholesale and retail		6,343,958			700,655			5,643,303
Finance and insurance		7,461,954			1,699,407			5,762,547
Real estate		8,692,626			1,569,341			7,123,285
Goods rental and leasing		2,174,889			828,255			1,346,634
Services		2,761,373			129,462			2,631,911
Municipal government		708,519			8,967			699,552
Other industries (including loans to the Japanese government)		17,886,376			(385,689	)		18,272,065
Overseas offices and loans booked at offshore markets		25,798,724			662,618			25,136,106

Total		87,877,986			8,664,741			79,213,244

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Total domestic consumer loans		14,715,414			(246,356	)		14,961,771
Housing loans		13,922,544			(223,813	)		14,146,358
Residential purpose		12,100,514			(170,897	)		12,271,411
Other		792,869			(22,543	)		815,413
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Outstanding amount		36,993,970			2,943,673			34,050,297
% to total domestic loans		59.59	%		(3.37	)%		62.96	%

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Domestic offices (excluding loans booked at offshore markets)		4,575,883			(7,810,943	)		12,386,827
Manufacturing		110			(1,810,177	)		1,810,287
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			(2,159	)		2,159
Construction		—			(90,104	)		90,104
Utilities		—			(454,389	)		454,389
Communication and information services		7,614			(250,440	)		258,054
Transport and postal activities		2,437			(645,674	)		648,111
Wholesale and retail		46			(802,806	)		802,852
Finance and insurance		1,848,872			(803,742	)		2,652,614
Real estate		135,814			(1,722,750	)		1,858,564
Goods rental and leasing		—			(744,508	)		744,508
Services		49,083			(79,249	)		128,332
Municipal government		—			(1,946	)		1,946
Other industries (including loans to the Japanese government)		2,531,905			(402,991	)		2,934,896
Overseas offices and loans booked at offshore markets		67,793			(2,060,093	)		2,127,886

Total		4,643,676			(9,871,036	)		14,514,713

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Total domestic consumer loans		1,196,055			(108,008	)		1,304,063
Housing loans		1,193,124			(107,253	)		1,300,378
Residential purpose		1,082,356			(91,008	)		1,173,364
Other		2,930			(754	)		3,685
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Outstanding amount		1,873,408			(4,026,785	)		5,900,193
% to total domestic loans		40.94	%		(6.69	)%		47.63	%

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Domestic offices (excluding loans booked at offshore markets)		360,708			53,952			306,755
Manufacturing		—			—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		45,000			45,000			—
Communication and information services		—			—			—
Transport and postal activities		20,000			—			20,000
Wholesale and retail		—			—			—
Finance and insurance		67,027			31,363			35,664
Real estate		3,233			(1,060	)		4,293
Goods rental and leasing		—			—			—
Services		—			—			—
Municipal government		4,565			(108	)		4,673
Other industries (including loans to the Japanese government)		220,882			(21,240	)		242,122
Overseas offices and loans booked at offshore markets		—			—			—

Total		360,708			53,952			306,755

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Total domestic consumer loans		6,284			(954	)		7,238
Housing loans		6,265			(941	)		7,206
Residential purpose		5,880			(823	)		6,703
Other		19			(13	)		32
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Outstanding amount		254,215			(24,202	)		278,417
% to total domestic loans		70.47	%		(20.28	)%		90.76	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BK Consolidated excl. MUAH, KS


	(in millions of yen)
	As of March 31, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Americas		9,605,273		552,738			9,052,534
United States of America		7,516,149		735,378			6,780,770
Canada		687,422		94,145			593,276
Brazil		540,239		(31,374	)		571,614
Mexico		463,402		(8,020	)		471,423
Others		398,059		(237,390	)		635,450
Asia/Oceania		10,940,211		(621,223	)		11,561,435
Hong Kong		2,451,282		(461,783	)		2,913,065
Singapore		1,463,572		105,539			1,358,033
Australia		1,360,253		(72,341	)		1,432,595
China		1,330,487		(246,421	)		1,576,909
Indonesia		1,039,549		172,124			867,425
India		771,992		(73,426	)		845,419
Malaysia		703,930		28,549			675,380
South Korea		425,512		(45,067	)		470,580
Taiwan		416,037		(173,586	)		589,623
New Zealand		334,208		70,359			263,849
Vietnam		210,550		12,800			197,750
Others		432,833		62,031			370,802
EMEA		7,933,502		(405,256	)		8,338,759
United Kingdom		1,883,088		(298,772	)		2,181,860
Netherlands		815,575		(293,556	)		1,109,131
Saudi Arabia		597,325		28,410			568,914
Germany		536,502		80,084			456,418
France		487,543		208			487,334
Turkey		288,545		(1,886	)		290,431
Switzerland		273,363		108,480			164,883
UAE		261,204		(58,850	)		320,055
Ireland		233,274		76,272			157,001
Italy		226,694		36,651			190,043
Luxembourg		220,176		2,346			217,830
Belgium		203,477		2,972			200,504
Russia		173,645		72,064			101,580
South Africa		170,882		316			170,566
Qatar		166,551		(116,699	)		283,251
Spain		146,177		(942	)		147,120
Poland		122,479		(2,985	)		125,464
Others		1,126,996		(39,371	)		1,166,367

Total		28,478,987		(473,742	)		28,952,729

Note1:

Mitsubishi UFJ Trust and Banking Corporation (“TB”)’s corporate loan-related businesses were transferred to MUFG Bank (“BK”) on April 16th. Previously, “11. Overseas Loans” have been presented on a [ BK and TB Combined ] basis. From September 30, 2018, it was changed to present on [ BK Consolidated excl. MUAH, KS ] basis.

In addition, TB’s amount was included in the loan balances as of March 31, 2018.

Note2:

MUAH (MUFG Americas Holdings Corporation) and KS (Bank of Ayudhya Public Company Limited) have the following loan balances in the consolidated financial statements.

(in millions of yen)

As of
March 31, 2019
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2018
(B)

MUAH

9,425,973

616,932

8,809,041

4,274,600

252,131

4,022,469

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of March 31, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Deposits (ending balance)		165,870,252		5,070,475			160,799,777
Deposits (average balance)		164,655,565		6,529,591			158,125,973
Loans (ending balance)		92,521,663		(1,206,294	)		93,727,957
Loans (average balance)		94,785,607		(420,862	)		95,206,469

BK Non-consolidated
	(in millions of yen)
	As of March 31, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Deposits (ending balance)		152,870,674		7,378,044			145,492,629
Deposits (average balance)		150,722,326		7,503,884			143,218,442
Loans (ending balance)		87,877,986		8,664,741			79,213,244
Loans (average balance)		89,463,553		8,546,606			80,916,947

TB Non-consolidated
	(in millions of yen)
	As of March 31, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Deposits (ending balance)		12,999,578		(2,307,568	)		15,307,147
Deposits (average balance)		13,933,238		(974,293	)		14,907,531
Loans (ending balance)		4,643,676		(9,871,036	)		14,514,713
Loans (average balance)		5,322,053		(8,967,469	)		14,289,522

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BK and TB Combined

(in millions of yen)

As of
March 31, 2019
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2018
(B)

Individuals

77,010,942

1,708,353

75,302,588

Corporations and others

65,038,517

1,903,836

63,134,680

Domestic deposits

142,049,459

3,612,190

138,437,269



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

BK Non-consolidated

(in millions of yen)

As of
March 31, 2019
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2018
(B)

Individuals

69,773,375

2,160,773

67,612,602

Corporations and others

60,850,557

3,752,322

57,098,234

Domestic deposits

130,623,932

5,913,095

124,710,836



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



TB Non-consolidated

	(in millions of yen)
	As of March 31, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Individuals		7,237,567		(452,419	)		7,689,986
Corporations and others		4,187,959		(1,848,486	)		6,036,446
Domestic deposits		11,425,527		(2,300,905	)		13,726,432



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

Mitsubishi UFJ Financial Group, Inc.

14. Status of Deferred Tax Assets

BK Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets


	(in billions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Deferred tax assets		481.4			(23.1	)		504.5
Allowance for credit losses		168.0			(27.0	)		195.0
Write-down on investment securities		97.4			1.3			96.1
Unrealized losses on Available-for-sale securities		10.6			4.8			5.7
Reserve for retirement benefits		97.6			1.2			96.4
Reserve for contingent losses		29.0			(16.2	)		45.2
Depreciation and Impairment losses		41.8			9.0			32.7
Other		160.8			12.2			148.6
Valuation allowance		(124.0	)		(8.6	)		(115.3	)
Deferred tax liabilities		945.0			(1.5	)		946.6
Unrealized gains on Available-for-sale securities		718.8			(51.5	)		770.3
Net deferred gains on hedges		83.1			51.2			31.8
Revaluation gains on securities upon merger		57.4			(3.2	)		60.7
Gains on securities contributed to employees’ retirement benefits trust		45.1			(1.8	)		46.9
Other		40.3			3.7			36.5
Net deferred tax assets		(463.6	)		(21.6	)		(442.0	)

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


	(in billions of yen)
	FY2013			FY2014			FY2015			FY2016			FY2017			FY2018
Net operating profits before provision for general allowance for credit losses		855.9			931.4			888.1			666.9			554.3			388.4
Total credit costs		17.0			(70.7	)		(103.4	)		(25.4	)		56.0			128.5
Income before income taxes		984.7			860.2			884.7			632.2			580.0			767.2
Reconciliation to taxable income		(336.2	)		(12.6	)		(113.3	)		(86.2	)		(156.0	)		(495.9	)
Taxable income		648.5			847.5			771.3			546.0			424.0			271.3

(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.

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets


	(in billions of yen)
	As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Deferred tax assets		54.7			(0.5	)		55.3
Gains on securities related to employees’ retirement benefits trust		27.1			(1.0	)		28.2
Deferred losses on hedging instruments		14.8			14.8			—
Depreciation and Impairment losses		11.6			(5.8	)		17.4
Write-down on investment securities		11.3			2.4			8.8
Reserve for contingent losses		4.6			0.6			4.0
Allowance for credit losses		0.7			(10.6	)		11.4
Other		16.0			(4.3	)		20.3
Valuation allowance		(31.7	)		3.3			(35.0	)
Deferred tax liabilities		300.3			4.1			296.1
Unrealized gains on Available-for-sale securities		223.0			2.7			220.2
Reserve for retirement benefits		67.1			10.7			56.4
Deferred gains on hedging instruments		—			(6.6	)		6.6
Other		10.1			(2.5	)		12.7
Net deferred tax assets		(245.6	)		(4.7	)		(240.8	)

(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)
	FY2013			FY2014			FY2015			FY2016			FY2017			FY2018
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		162.9			190.4			193.0			181.4			162.1			144.5
Total credit costs		18.0			(0.4	)		(0.2	)		(22.5	)		23.4			1.3
Income before income taxes		184.4			201.4			218.6			156.3			249.7			127.9
Reconciliation to taxable income		(94.3	)		(40.4	)		(68.1	)		1.8			(69.5	)		(78.0	)
Taxable income		90.1			160.9			150.4			158.1			180.2			49.8

(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.

Mitsubishi UFJ Financial Group, Inc.

15. Retirement Benefits

MUFG Consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Projected benefit obligation (reserve type)	(A)		2,318,718			(10,629	)		2,329,348
Projected benefit obligation (non-reserve type)	(B)		54,068			(299	)		54,368
Fair value of plan assets	(C)		3,137,254			(61,534	)		3,198,789
Net amount recorded on the Consolidated Balance Sheet	(A) + (B) - (C)		(764,467	)		50,605			(815,072	)
Net defined benefit liability			59,540			506			59,033
Net defined benefit asset			(824,007	)		50,098			(874,106	)
(2) Net periodic cost of retirement benefits
		(in millions of yen)
		For the fiscal year ended March 31, 2019 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2018 (B)
Net periodic cost of retirement benefits regarding defined benefit pension plans			21,367			(28,495	)		49,863
Service cost			62,428			4,790			57,638
Interest cost			29,741			(1,567	)		31,309
Expected return on plan assets			(110,667	)		(7,528	)		(103,138	)
Amortization of unrecognized prior service cost			(6,124	)		(251	)		(5,873	)
Amortization of unrecognized net actuarial loss			36,448			(25,505	)		61,954
Other			9,540			1,567			7,973

(3) Assumptions used in calculation of projected benefit obligation


	As of March 31, 2019
Discount rates		Domestic consolidated subsidiaries	0.00% ~ 0.67%
		Overseas consolidated subsidiaries	1.73% ~ 11.00%
Expected return		Domestic consolidated subsidiaries	0.05% ~ 4.20%
		Overseas consolidated subsidiaries	1.75% ~ 8.95%

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Projected benefit obligation	(A)		1,476,588			13,798			1,462,790
Discount rates			(0.4% ~ 0.6	%)					(0.5% ~ 0.8	%)
Fair value of plan assets	(B)		1,907,313			(31,496	)		1,938,809
Prepaid pension cost	(C)		297,639			17,589			280,049
Reserve for retirement benefits	(D)		6,067			(2,588	)		8,656
Total amount unrecognized	(A) - (B) + (C) - (D)		(139,152	)		65,472			(204,625	)
Unrecognized net actuarial loss			(134,335	)		63,598			(197,933	)
Unrecognized prior service cost			(4,817	)		1,874			(6,692	)

(2) Net periodic cost

		(in millions of yen)
		For the fiscal year ended March 31, 2019 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2018 (B)
Net periodic cost of retirement benefits			26,656			(29,947	)		56,603
Service cost			35,698			3,672			32,025
Interest cost			12,859			(770	)		13,629
Expected return on plan assets			(47,181	)		(4,197	)		(42,984	)
Amortization of unrecognized prior service cost			(1,836	)		(0	)		(1,835	)
Amortization of unrecognized net actuarial loss			14,814			(29,936	)		44,751
Other			12,301			1,284			11,017

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Projected benefit obligation	(A)		339,548			6,719			332,829
Discount rates			(0.4% ~ 0.6	%)					(0.5% ~ 0.8	%)
Fair value of plan assets	(B)		650,079			21,762			628,316
Prepaid pension cost	(C)		339,455			34,929			304,525
Reserve for retirement benefits	(D)		1,050			(68	)		1,119
Total amount unrecognized	(A) - (B) + (C) - (D)		27,874			19,955			7,918
Unrecognized net actuarial loss			25,641			20,180			5,460
Unrecognized prior service cost			2,232			(225	)		2,457

(2) Net periodic cost

		(in millions of yen)
		For the fiscal year ended March 31, 2019 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2018 (B)
Net periodic cost of retirement benefits			(7,453	)		(4,226	)		(3,226	)
Service cost			6,735			63			6,671
Interest cost			2,452			(285	)		2,737
Expected return on plan assets			(27,270	)		(2,556	)		(24,714	)
Amortization of unrecognized prior service cost			225			—			225
Amortization of unrecognized net actuarial loss			9,861			(1,612	)		11,474
Other			542			163			378

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Financial Statements

BK Non-consolidated

(1) Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2018			As of March 31, 2019
Assets:
Cash and due from banks		57,089,293			59,746,754
Call loans		1,278,814			252,844
Receivables under resale agreements		244,912			1,866,300
Receivables under securities borrowing transactions		4,490,725			—
Monetary claims bought		3,807,898			4,612,969
Trading assets		4,607,164			4,643,224
Money held in trust		27,072			27,671
Securities		43,375,328			48,739,675
Loans and bills discounted		79,213,244			87,877,986
Foreign exchanges		2,742,011			1,900,228
Other assets		7,109,731			7,769,316
Tangible fixed assets		867,544			851,214
Intangible fixed assets		373,598			405,029
Prepaid pension costs		280,049			297,639
Customers’ liabilities for acceptances and guarantees		7,157,429			6,951,006
Allowance for credit losses		(418,248	)		(344,871	)

Total assets		212,246,573			225,596,992

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2018			As of March 31, 2019
Liabilities:
Deposits		145,492,629			152,870,674
Negotiable certificates of deposit		5,331,764			6,943,221
Call money		382,944			78,172
Payables under repurchase agreements		7,117,130			12,079,598
Payables under securities lending transactions		5,677,815			532
Commercial papers		1,401,857			1,341,534
Trading liabilities		2,653,609			2,631,051
Borrowed money		15,791,852			20,551,571
Foreign exchanges		2,306,525			2,911,717
Bonds payable		2,509,716			2,170,606
Other liabilities		5,248,144			5,435,991
Reserve for bonuses		27,460			27,470
Reserve for bonuses to directors		96			115
Reserve for stocks payment		5,296			4,931
Reserve for retirement benefits		8,656			6,067
Reserve for loyalty award credits		1,342			1,310
Reserve for contingent losses		157,215			103,747
Deferred tax liabilities		442,022			463,656
Deferred tax liabilities for land revaluation		112,872			110,060
Acceptances and guarantees		7,157,429			6,951,006

Total liabilities		201,826,382			214,683,037

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		3,299,706			3,832,259
Revenue reserve		190,044			190,044
Other retained earnings		3,109,661			3,642,215
Funds for retirement benefits		2,432			2,432
Other reserve		718,196			718,196
Earned surplus brought forward		2,389,032			2,921,586
Treasury stock		(645,700	)		(645,700	)

Total shareholders’ equity		8,244,239			8,776,793

Net unrealized gains (losses) on available-for-sale securities		1,885,661			1,735,268
Net deferred gains (losses) on hedging instruments		72,994			189,167
Land revaluation excess		217,295			212,725

Total valuation and translation adjustments		2,175,951			2,137,161

Total net assets		10,420,190			10,913,954

Total liabilities and net assets		212,246,573			225,596,992

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(2) Non-consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2018		For the fiscal year ended March 31, 2019
Ordinary income		3,067,560		3,568,249
Interest income		1,786,907		2,314,864
Interest on loans and bills discounted		1,149,933		1,495,995
Interest and dividends on securities		409,646		492,077
Fees and commissions		636,827		606,936
Trading income		64,453		10,655
Other operating income		285,744		267,735
Other ordinary income		293,627		368,057
Ordinary expenses		2,430,468		2,943,785
Interest expenses		821,587		1,303,805
Interest on deposits		255,891		419,000
Fees and commissions		170,905		176,430
Trading expenses		981		1,801
Other operating expenses		107,321		182,795
General and administrative expenses		1,179,543		1,174,102
Other ordinary expenses		150,129		104,848

Ordinary profits		637,091		624,464

Extraordinary gains		2,763		179,490
Extraordinary losses		59,781		36,681

Income before income taxes		580,073		767,273

Income taxes - current		129,321		78,258
Income taxes - deferred		13,041		25,799

Total taxes		142,362		104,057

Net income		437,710		663,215

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2018			As of March 31, 2019
Assets:
Cash and due from banks		11,987,067			13,087,180
Call loans		19,432			26,136
Receivables under securities borrowing transactions		115,696			143,486
Monetary claims bought		15			113,856
Trading assets		542,572			504,804
Money held in trust		113,606			114,048
Securities		13,665,278			13,755,938
Loans and bills discounted		14,514,713			4,643,676
Foreign exchanges		93,483			61,374
Other assets		869,371			698,373
Tangible fixed assets		140,358			137,455
Intangible fixed assets		65,777			71,974
Prepaid pension costs		304,525			339,455
Customers’ liabilities for acceptances and guarantees		236,964			18,760
Allowance for credit losses		(33,138	)		(2,712	)

Total assets		42,635,723			33,713,809

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2018			As of March 31, 2019
Liabilities:
Deposits		15,307,147			12,999,578
Negotiable certificates of deposit		4,395,644			2,324,711
Call money		1,236,027			12,858
Payables under repurchase agreements		5,081,985			5,302,674
Payables under securities lending transactions		746,767			—
Commercial papers		531,309			775,752
Trading liabilities		73,981			44,933
Borrowed money		3,752,381			1,113,981
Foreign exchanges		42,709			41,353
Bonds payable		725,802			621,573
Due to trust accounts		7,163,530			7,725,909
Other liabilities		726,002			401,921
Reserve for bonuses		4,910			4,608
Reserve for bonuses to directors		62			97
Reserve for stocks payment		3,645			3,786
Reserve for retirement benefits		1,119			1,050
Reserve for contingent losses		13,218			15,272
Deferred tax liabilities		240,817			245,612
Deferred tax liabilities for land revaluation		4,232			4,232
Acceptances and guarantees		236,964			18,760

Total liabilities		40,288,258			31,658,668

Net assets:
Capital stock		324,279			324,279
Capital surplus		425,265			455,970
Capital reserve		250,619			250,619
Other capital surplus		174,646			205,351
Retained earnings		1,066,508			1,083,418
Revenue reserve		73,714			73,714
Other retained earnings		992,794			1,009,704
Funds for retirement benefits		710			710
Other reserve		138,495			138,495
Earned surplus brought forward		853,589			870,499
Treasury stock		—			(299,999	)

Total shareholders’ equity		1,816,053			1,563,668

Net unrealized gains (losses) on available-for-sale securities		516,851			526,178
Net deferred gains (losses) on hedging instruments		15,150			(34,115	)
Land revaluation excess		(589	)		(590	)

Total valuation and translation adjustments		531,412			491,472

Total net assets		2,347,465			2,055,140

Total liabilities and net assets		42,635,723			33,713,809

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(2) Non-consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2018		For the fiscal year ended March 31, 2019
Ordinary income		704,515		732,794
Trust fees		96,401		99,258
Interest income		337,874		406,442
Interest on loans and bills discounted		117,805		56,557
Interest and dividends on securities		195,691		268,366
Fees and commissions		140,777		123,718
Trading income		15,651		27,445
Other operating income		30,361		27,979
Other ordinary income		83,449		47,950
Ordinary expenses		498,421		618,275
Interest expenses		183,530		272,445
Interest on deposits		30,811		36,218
Fees and commissions		35,919		32,577
Trading expenses		34		23
Other operating expenses		44,927		54,304
General and administrative expenses		207,301		192,226
Other ordinary expenses		26,707		66,698

Ordinary profits		206,093		114,519

Extraordinary gains		53,766		21,196
Extraordinary losses		10,076		7,812

Income before income taxes		249,784		127,903

Income taxes - current		59,884		15,659
Income taxes - deferred		3,145		17,108

Total taxes		63,030		32,767

Net income		186,754		95,135

Mitsubishi UFJ Financial Group, Inc.

TB 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, 2018		As of March 31, 2019
Assets:
Loans and bills discounted		306,755		360,708
Securities		53,976,806		58,002,805
Beneficiary rights to the trust		72,399,465		79,369,495
Securities held in custody accounts		3,121,503		3,367,036
Monetary claims		16,876,864		18,475,973
Tangible fixed assets		13,544,869		14,466,100
Intangible fixed assets		130,851		134,221
Other claims		3,645,903		3,414,876
Call loans		384,210		1,062,298
Due from banking account		9,626,979		9,531,008
Cash and due from banks		6,671,875		5,860,812

Total		180,686,086		194,045,337

Liabilities:
Money trusts		25,052,352		25,237,376
Pension trusts		11,946,499		11,957,774
Property formation benefit trusts		7,608		7,528
Investment trusts		77,208,657		84,634,927
Money entrusted other than money trusts		3,718,032		4,088,974
Securities trusts		5,200,280		5,528,493
Monetary claim trusts		15,977,728		17,364,307
Equipment trusts		72,741		80,967
Land and fixtures trusts		43,894		43,889
Composite trusts		41,458,291		45,101,098

Total		180,686,086		194,045,337



Note:	1.	The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.
	2.	Trust assets and liabilities under a declaration of trust excluded from above table are 1,505 millions of yen as of March 31, 2018 and 1,504 millions of yen as of March 31, 2019.

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, 2018		As of March 31, 2019
Assets:
Loans and bills discounted		16,186		14,083
Securities		80,292		62,808
Other		7,008,991		7,555,920

Total		7,105,470		7,632,813

Liabilities:
Principal		7,105,161		7,617,688
Allowance for bad debts		48		42
Other		260		15,082

Total		7,105,470		7,632,813

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(4) Major Items


(in millions of yen)	As of March 31, 2018		As of March 31, 2019
Total funds		56,709,252		52,526,969

Deposits		15,307,147		12,999,578
Negotiable certificates of deposit		4,395,644		2,324,711
Money trusts		25,052,352		25,237,376
Pension trusts		11,946,499		11,957,774
Property formation benefit trusts		7,608		7,528

Loans and bills discounted		14,821,468		5,004,385

Banking account		14,514,713		4,643,676
Trust account		306,755		360,708

Investment securities		67,642,084		71,758,743

Note:

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