6-K 1 d259483d6k.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 2022

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. 333-242048) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.


SIGNATURES

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

Date: May 16, 2022

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Naoki Ueda

Name:   Naoki Ueda
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, 2022

May 16, 2022

 

Company name:

   Mitsubishi UFJ Financial Group, Inc.

Stock exchange listings:

   Tokyo, Nagoya, New York

Code number:

   8306

URL

   https://www.mufg.jp/

Representative:

   Hironori Kamezawa, President & Group CEO

For inquiry:

  

Masahisa Takahashi, Managing Director, Head of Financial Accounting and Reporting,
Financial Accounting Office, Financial Planning Division

   TEL 050-3613-1179

General meeting of shareholders:

   June 29, 2022

Dividend payment date:

   June 30, 2022

Securities report issuing date:

   June 27, 2022

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, 2022

 

(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, 2022

     6,075,887        0.8       1,537,649        45.9       1,130,840        45.5  

March 31, 2021

     6,025,336        (17.5     1,053,610        (14.7     777,018        47.1  

 

(*)

Comprehensive income

                March 31, 2022: 797,310 million yen     (39.8) %                 ;         March 31, 2021: 1,324,655 million yen     388.0 %

 

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

Fiscal year ended

         

March 31, 2022

    88.45       88.05       6.7       0.4       25.3  

March 31, 2021

    60.50       60.25       4.7       0.3       17.5  

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

                March 31, 2022: 441,595 million yen                                       ;       March 31, 2021: 321,761 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, 2022

     373,731,910        17,988,245       4.6       1,349.52  

March 31, 2021

     359,473,515        17,716,257       4.7       1,308.12  

 

(Reference) Shareholders’ equity as of     March 31, 2022: 17,023,773 million yen ;     March 31, 2021: 16,802,572 million yen

 

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

              (Total net assets - 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, 2022

     9,635,443        (2,202,726     (875,972     110,763,205  

March 31, 2021

     34,904,946        (10,140,343     (436,071     102,980,711  

2. Dividends on Common Stock

 

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

Fiscal year

               

ended March 31, 2021

    —         12.50       —         12.50       25.00       321,836       41.3       2.0  

ended March 31, 2022

    —         13.50       —         14.50       28.00       357,188       31.7       2.1  

ending March 31, 2023 (Forecast)

    —         16.00       —         16.00       32.00         40.4    

 

(*)

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


3. Earnings Target for the Fiscal Year ending March 31, 2023 (Consolidated)

MUFG has set an earnings target of 1,000.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2023. 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: Yes

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

(C) Changes in accounting estimates: No

(D) Restatements: No

 

(3)

Number of common stocks outstanding at the end of the period

 

(A) Total stocks outstanding including treasury stocks:

   March 31, 2022      13,281,995,120 shares  
   March 31, 2021      13,581,995,120 shares  

(B) Treasury stocks:

   March 31, 2022      667,296,084 shares  
   March 31, 2021      737,192,810 shares  

(C) Average outstanding stocks:

   Fiscal year ended March 31, 2022      12,785,341,295 shares  
   Fiscal year ended March 31, 2021      12,843,564,013 shares  

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

*Notes for using forecasted information etc.

 

1.

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

 

2.

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


Mitsubishi UFJ Financial Group, Inc.

 

(Appendix)

Contents of Appendix

 

1. Results of Operations and Financial Condition

     2  

(1) Analysis of results of operations

     2  

(2) Analysis of financial condition

     3  

2. Basic Views on Selection of Accounting Standards

     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

  

Changes in Presentation of Financial Information

  

Additional Information

  

Segment Information

  

Per Share Information

  

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Fiscal Year Ended March 31, 2022”

 

(*)

The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet.

 

                       Internet Conference:    May 16, 2022 (Monday)
Explanation for investors and analysts:     May 19, 2022 (Thursday)

 

1


Mitsubishi UFJ Financial Group, Inc.

 

1. Results of Operations and Financial Condition

(1)   Analysis of results of operations

(Results of operations for the fiscal year ended March 31, 2022)

Consolidated gross profits for the fiscal year ended March 31, 2022 increased 43.0 billion yen from the previous fiscal year to 3,964.0 billion yen. This was due to an increase in net interest income associated with improvement of lending spread for overseas and domestic corporate and net fees and commissions mainly due to investment product sales at domestic subsidiaries, partially offset by a decrease in net gains on debt securities due to record of losses on sales of foreign bonds during the period of rising interest rate in the United States. General and administrative expenses for the fiscal year ended March 31, 2022 increased 74.6 billion yen from the previous fiscal year to 2,747.2 billion yen. As a result, net operating profits decreased 31.6 billion yen from the previous fiscal year to 1,216.7 billion yen.

Total credit costs for the fiscal year ended March 31, 2022 decreased 184.0 billion yen from the previous fiscal year, mainly due to the reversal of allowance associated with improvement of credit quality of the portfolio and improvement of economic outlook of the United States, and the reversal of allowance for credit losses of held for sale asset associated with the decision to sell all shares of MUFG Union Bank, N.A., partly offset by credit costs of 134.9 billion yen, which is a combination of 35.2 billion yen of Allowance for credit to specific foreign borrowers and 99.6 billion yen of allowance for specific portfolio prepared for broader impact associated with the situation of Russia and Ukraine. Net gains on equity securities increased 202.3 billion yen from the previous fiscal year, mainly due to profit from sales of equity securities. Equity in earnings of equity method investees improved 119.8 billion yen from the previous fiscal year, mostly due to increase in Morgan Stanley profits. As a result, ordinary profits for the fiscal year ended March 31, 2022 increased 484.0 billion yen from the previous fiscal year to 1,537.6 billion yen. Net extraordinary losses for the fiscal year ended March 31, 2022 decreased 36.2 billion yen, mainly due to the net extra ordinary losses resulting from changing the methodology on recognition of impairment loss related to fixed assets allocation of each segment recorded. As a result, profits attributable to owners of parent for the fiscal year ended March 31, 2022 was 1,130.8 billion yen, an increase of 353.8 billion yen from the previous fiscal year.

 

(in billions of Japanese yen)    For the fiscal year
ended
March 31, 2022
    For the fiscal year
ended
March 31, 2021*
    Increase
(Decrease)
 

Gross profits
before credit costs for trust accounts

     3,964.0       3,920.9       43.0  

General and administrative expenses

     2,747.2       2,672.5       74.6  

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

     1,216.7       1,248.4       (31.6

Total credit costs

     (331.4     (515.5     184.0  

Net gains (losses) on equity securities

     332.6       130.2       202.3  

Equity in earnings of equity method investees

     441.5       321.7       119.8  

Other non-recurring gains (losses)

     (121.9     (131.3     9.4  

Ordinary profits

     1,537.6       1,053.6       484.0  

Net extraordinary gains (losses)

     (47.7     (11.5     (36.2

Total taxes

     283.4       185.0       98.3  

Profits attributable to non-controlling interests

     75.6       79.9       (4.3

Profits attributable to owners of parent

     1,130.8       777.0       353.8  

* From FY21, expenses related to credit cards, which were previously recorded as G&A expenses, are recorded as fees and commissions expenses. The amount of retroactive adjustment in FY20 was 76.9 billion yen.

 

2


Mitsubishi UFJ Financial Group, Inc.

 

(2)   Analysis of financial condition

Total assets as of March 31, 2022 increased 14,258.3 billion yen from March 31, 2021 to 373,731.9 billion yen, and total net assets as of March 31, 2022 increased 271.9 billion yen from March 31, 2021 to 17,988.2 billion yen. The increase in total net assets was mainly due to an increase of Retained earnings.

With regard to major items of assets, loans and bills discounted as of March 31, 2022 increased 3,243.1 billion yen from March 31, 2021 to 110,426.2 billion yen and securities as of March 31, 2022 increased 2,438.5 billion yen from March 31, 2021 to 79,560.5 billion yen. With regard to major items of liabilities, deposits as of March 31, 2022 increased 3,906.0 billion yen from March 31, 2021 to 215,427.2 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.

 

3


Mitsubishi UFJ Financial Group, Inc.

 

3. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

 

(in millions of yen)    As of
    March 31, 2021    
    As of
    March 31, 2022    
 

Assets:

    

Cash and due from banks

     102,980,711       110,763,205  

Call loans and bills bought

     730,506       872,268  

Receivables under resale agreements

     13,942,910       12,308,310  

Receivables under securities borrowing transactions

     3,394,376       4,517,952  

Monetary claims bought

     5,982,876       6,466,822  

Trading assets

     20,552,367       17,704,455  

Money held in trust

     1,283,179       1,332,492  

Securities

     77,122,074       79,560,579  

Loans and bills discounted

     107,183,069       110,426,224  

Foreign exchanges

     1,915,010       2,300,859  

Other assets

     12,406,158       14,050,293  

Tangible fixed assets

     1,296,402       1,236,012  

Buildings

     321,965       304,935  

Land

     664,065       646,197  

Lease assets

     14,823       11,422  

Construction in progress

     45,881       33,273  

Other tangible fixed assets

     249,667       240,183  

Intangible fixed assets

     1,436,098       1,344,225  

Software

     571,905       507,629  

Goodwill

     273,092       271,353  

Lease assets

     1       1  

Other intangible fixed assets

     591,097       565,241  

Net defined benefit assets

     1,210,577       1,374,607  

Deferred tax assets

     137,988       213,922  

Customers’ liabilities for acceptances and guarantees

     9,004,749       10,481,838  

Allowance for credit losses

     (1,105,541     (1,222,162
  

 

 

   

 

 

 

Total assets

     359,473,515       373,731,910  
  

 

 

   

 

 

 

 

4


Mitsubishi UFJ Financial Group, Inc.

 

 

(in millions of yen)    As of
    March 31, 2021    
    As of
    March 31, 2022    
 

Liabilities:

    

Deposits

     211,521,257       215,427,299  

Negotiable certificates of deposit

     8,099,119       10,938,831  

Call money and bills sold

     2,330,808       2,429,791  

Payables under repurchase agreements

     24,483,519       27,619,262  

Payables under securities lending transactions

     836,351       1,072,578  

Commercial papers

     1,810,350       2,108,531  

Trading liabilities

     14,002,667       12,397,702  

Borrowed money

     31,110,465       31,763,332  

Foreign exchanges

     2,105,245       2,182,400  

Short-term bonds payable

     1,043,001       1,316,803  

Bonds payable

     12,908,505       13,257,347  

Due to trust accounts

     11,208,570       12,811,123  

Other liabilities

     9,754,731       10,861,695  

Reserve for bonuses

     118,358       136,724  

Reserve for bonuses to directors

     1,816       1,866  

Reserve for stocks payment

     10,915       8,437  

Net defined benefit liabilities

     88,914       86,355  

Reserve for retirement benefits to directors

     872       812  

Reserve for loyalty award credits

     18,312       17,113  

Reserve for contingent losses

     183,855       232,291  

Reserves under special laws

     4,642       4,656  

Deferred tax liabilities

     1,008,650       492,451  

Deferred tax liabilities for land revaluation

     101,577       94,414  

Acceptances and guarantees

     9,004,749       10,481,838  
  

 

 

   

 

 

 

Total liabilities

     341,757,258       355,743,665  
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     2,141,513       2,141,513  

Capital surplus

     977,287       770,277  

Retained earnings

     11,200,087       11,998,157  

Treasury stock

     (502,794     (451,288
  

 

 

   

 

 

 

Total shareholders’ equity

     13,816,094       14,458,659  
  

 

 

   

 

 

 

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

     2,583,417       1,615,060  

Net deferred gains (losses) on hedging instruments

     131,566       (81,145

Land revaluation excess

     149,183       140,628  

Foreign currency translation adjustments

     9,953       734,588  

Remeasurements of defined benefit plans

     163,189       193,865  

Debt value adjustments of foreign subsidiaries and affiliates

     (50,832     (37,883
  

 

 

   

 

 

 

Total accumulated other comprehensive income

     2,986,478       2,565,114  
  

 

 

   

 

 

 

Non-controlling interests

     913,684       964,471  
  

 

 

   

 

 

 

Total net assets

     17,716,257       17,988,245  
  

 

 

   

 

 

 

Total liabilities and net assets

     359,473,515       373,731,910  
  

 

 

   

 

 

 

 

5


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, 2021    
    For the fiscal year
ended
    March 31, 2022    
 

Ordinary income

     6,025,336       6,075,887  

Interest income

     2,678,691       2,587,445  

Interest on loans and bills discounted

     1,799,506       1,654,635  

Interest and dividends on securities

     469,693       546,968  

Interest on call loans and bills bought

     5,179       4,724  

Interest on receivables under resale agreements

     70,331       20,461  

Interest on receivables under securities borrowing transactions

     9,346       3,029  

Interest on deposits

     55,445       59,072  

Other interest income

     269,188       298,551  

Trust fees

     140,449       144,147  

Fees and commissions

     1,565,535       1,729,100  

Trading income

     350,065       232,471  

Other operating income

     653,934       411,301  

Other ordinary income

     636,661       971,421  

Gains on loans written-off

     67,224       88,558  

Others

     569,437       882,862  

Ordinary expenses

     4,971,726       4,538,237  

Interest expenses

     773,719       543,957  

Interest on deposits

     281,715       187,510  

Interest on negotiable certificates of deposit

     43,808       19,348  

Interest on call money and bills sold

     844       610  

Interest on payables under repurchase agreements

     75,314       17,906  

Interest on payables under securities lending transactions

     3,193       8,440  

Interest on commercial papers

     10,276       3,289  

Interest on borrowed money

     32,227       9,974  

Interest on short-term bonds payable

     100       104  

Interest on bonds payable

     265,274       264,270  

Other interest expenses

     60,964       32,501  

Fees and commissions

     307,778       298,450  

Other operating expenses

     386,361       298,166  

General and administrative expenses

     2,709,549       2,746,840  

Other ordinary expenses

     794,317        650,822   

Provision for allowance for credit losses

     377,159       225,714  

Others

     417,157       425,108  
  

 

 

   

 

 

 

Ordinary profits

         1,053,610           1,537,649  
  

 

 

   

 

 

 

 

6


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    For the fiscal year
ended

    March 31, 2021    
    For the fiscal year
ended

    March 31, 2022    
 

Extraordinary gains

     77,412       159,376  

Gains on disposition of fixed assets

     31,387       30,226  

Gains on change in equity

     38,680       64,919  

Gains on transfer of businesses

     —         31,021  

Gains on sales of shares of affiliates

     7,344       28,968  

Gains on sales of shares of subsidiaries

     —         4,240  

Extraordinary losses

     88,987       207,168  

Losses on disposition of fixed assets

     14,759       13,363  

Losses on impairment of fixed assets

     41,240       174,133  

Provision for reserve for contingent liabilities from financial instruments transactions

     372       14  

Losses on change in equity

     16,580       19,657  

Losses on sales of shares of affiliates

     16,033       —    
  

 

 

   

 

 

 

Profits before income taxes

         1,042,036           1,489,857  
  

 

 

   

 

 

 

Income taxes-current

     229,762       391,634  

Income taxes-deferred

     (44,694     (108,224
  

 

 

   

 

 

 

Total taxes

     185,068       283,410  
  

 

 

   

 

 

 

Profits

     856,967       1,206,447  
  

 

 

   

 

 

 

Profits attributable to non—controlling interests

     79,949       75,606  
  

 

 

   

 

 

 

Profits attributable to owners of parent

     777,018       1,130,840  
  

 

 

   

 

 

 

 

7


Mitsubishi UFJ Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

(in millions of yen)    For the fiscal year
ended
    March 31, 2021    
    For the fiscal year
ended
    March 31, 2022    
 

Profits

     856,967           1,206,447  

Other comprehensive income

    

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

     486,026       (925,323

Net deferred gains (losses) on hedging instruments

     (56,879     (217,906

Land revaluation excess

     —         1  

Foreign currency translation adjustments

     (148,051     516,390  

Remeasurements of defined benefit plans

     319,058       32,281  

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

     (132,465     185,420  
  

 

 

   

 

 

 

Total other comprehensive income

            467,688       (409,136
  

 

 

   

 

 

 

Comprehensive income

     1,324,655       797,310  
  

 

 

   

 

 

 

(Comprehensive income attributable to)

    

Comprehensive income attributable to owners of parent

     1,254,959       717,398  

Comprehensive income attributable to non-controlling interests

     69,696       79,912  

 

8


Mitsubishi UFJ Financial Group, Inc.

 

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2021

 

 

    (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       980,102       10,855,798       (505,518     13,471,894       2,066,363       189,342  

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

        (120,236       (120,236    

Restated balance

    2,141,513       980,102       10,735,561       (505,518     13,351,657       2,066,363       189,342  

Changes during the period

             

Cash dividends

        (321,837       (321,837    

Profits attributable to owners of parent

        777,018         777,018      

Repurchase of treasury stock

          (13     (13    

Disposal of treasury stock

      (7       2,737       2,730      

Reversal of land revaluation excess

        9,449         9,449      

Changes of application of equity method

        (104       (104    

Changes in subsidiaries’equity

      (2,807         (2,807    

Net changes of items other than shareholders’ equity

              517,054       (57,775
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    —         (2,814     464,526       2,724       464,436       517,054       (57,775
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

      2,141,513             977,287         11,200,087         (502,794         13,816,094           2,583,417          131,566  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

    (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

    158,633       300,838       (159,766     (36,470     2,518,940       59       864,844       16,855,738  

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

                (24,806     (145,043

Restated balance

    158,633       300,838       (159,766     (36,470     2,518,940       59       840,037       16,710,695  

Changes during the period

               

Cash dividends

                  (321,837

Profits attributable to owners of parent

                  777,018  

Repurchase of treasury stock

                  (13

Disposal of treasury stock

                  2,730  

Reversal of land revaluation excess

                  9,449  

Changes of application of equity method

                  (104

Changes in subsidiaries’equity

                  (2,807

Net changes of items other than shareholders’ equity

    (9,449     (290,885     322,955       (14,361     467,538       (59     73,646       541,125  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    (9,449     (290,885     322,955       (14,361     467,538       (59     73,646       1,005,561  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    149,183       9,953       163,189       (50,832     2,986,478       —         913,684       17,716,257  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

9


Mitsubishi UFJ Financial Group, Inc.

 

For the fiscal year ended March 31, 2022

 

    (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       977,287       11,200,087       (502,794     13,816,094       2,583,417       131,566  

Cumulative effects of changes in accounting policies

        (6,617       (6,617    

Restated balance

    2,141,513       977,287       11,193,470       (502,794     13,809,476       2,583,417       131,566  

Changes during the period

             

Cash dividends

        (334,710       (334,710    

Profits attributable to owners of parent

        1,130,840         1,130,840      

Repurchase of treasury stock

          (158,529     (158,529    

Disposal of treasury stock

      0         5,579       5,580      

Retirement of treasury stock

      (204,456       204,456       —        

Reversal of land revaluation excess

        8,556         8,556      

Changes in subsidiaries’equity

      (2,554         (2,554    

Net changes of items other than shareholders’ equity

              (968,357     (212,712
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    —         (207,010     804,687       51,505       649,182       (968,357     (212,712
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

      2,141,513           770,277         11,998,157       (451,288         14,458,659           1,615,060          (81,145
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    (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
    Non-
controlling
interests
    Total net
assets
 

Balance at the beginning of the period

    149,183       9,953       163,189       (50,832     2,986,478       913,684       17,716,257  

Cumulative effects of changes in accounting policies

              (14     (6,632

Restated balance

    149,183       9,953       163,189       (50,832     2,986,478       913,669       17,709,625  

Changes during the period

             

Cash dividends

                (334,710

Profits attributable to owners of parent

                1,130,840  

Repurchase of treasury stock

                (158,529

Disposal of treasury stock

                5,580  

Retirement of treasury stock

                —    

Reversal of land revaluation excess

                8,556  

Changes in subsidiaries’equity

                (2,554

Net changes of items other than shareholders’ equity

    (8,554     724,635       30,675       12,949       (421,363     50,801       (370,562
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total changes during the period

    (8,554     724,635       30,675       12,949       (421,363     50,801       278,620  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at the end of the period

    140,628       734,588       193,865       (37,883     2,565,114       964,471       17,988,245  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

10


Mitsubishi UFJ Financial Group, Inc.

 

(4) Consolidated Statements of Cash Flows

 

(in millions of yen)        For the fiscal year    
ended
March 31, 2021
        For the fiscal year    
ended
March 31, 2022
 

Cash flows from operating activities:

    

Profits before income taxes

     1,042,036       1,489,857  

Depreciation and amortization

     338,617       345,199  

Impairment losses

     41,240       174,133  

Amortization of goodwill

     16,833       18,051  

Equity in losses (gains) of equity method investees

     (321,761     (441,595

Increase (decrease) in allowance for credit losses

     216,270       96,652  

Increase (decrease) in reserve for bonuses

     8,477       15,217  

Increase (decrease) in reserve for bonuses to directors

     410       (18

Increase (decrease) in reserve for stocks payment

     (383     (2,477

Decrease (increase) in net defined benefit assets

     (387,415     (106,980

Increase (decrease) in net defined benefit liabilities

     2,247       645  

Increase (decrease) in reserve for retirement benefits to directors

     (185     (60

Increase (decrease) in reserve for loyalty award credits

     (12,357     (540

Increase (decrease) in reserve for contingent losses

     (26,234     47,681  

Interest income recognized on statement of income

     (2,678,691     (2,587,445

Interest expenses recognized on statement of income

     773,719       543,957  

Losses (gains) on securities

     (240,645     (225,395

Losses (gains) on money held in trust

     56,796       21,347  

Foreign exchange losses (gains)

     (1,270,550     (2,788,581

Losses (gains) on sales of fixed assets

     (16,630     (16,862

Net decrease (increase) in trading assets

     (531,184     3,575,115  

Net increase (decrease) in trading liabilities

     52,686       (2,045,592

Adjustment of unsettled trading accounts

     555,568       793,285  

Net decrease (increase) in loans and bills discounted

     1,092,978       (2,101,763

Net increase (decrease) in deposits

     24,839,332       3,015,798  

Net increase (decrease) in negotiable certificates of deposit

     327,904       2,822,861  

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

     6,621,372       573,366  

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

     10,364,263       1,110,169  

Net decrease (increase) in receivables under securities borrowing transactions

     15,787       (977,957

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

     (8,133,589     2,166,231  

Net increase (decrease) in commercial papers

     (347,748     288,342  

Net increase (decrease) in payables under securities lending transactions

     (214,910     227,626  

Net decrease (increase) in foreign exchanges (assets)

     (181,308     (365,896

Net increase (decrease) in foreign exchanges (liabilities)

     (115,966     75,450  

Net increase (decrease) in short-term bonds payable

     80,706       273,801  

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

     (287,095     917,007  

Net increase (decrease) in due to trust accounts

     1,409,881       1,602,553  

Interest income (cash basis)

     2,821,239       2,657,591  

Interest expenses (cash basis)

     (844,633     (546,500

Others

     (50,656     (759,464
  

 

 

   

 

 

 

Sub-total

     35,016,420       9,884,813  
  

 

 

   

 

 

 

Income taxes

     (236,321     (300,616

Refund of income taxes

     124,847       51,246  
  

 

 

   

 

 

 

Net cash provided by (used in) operating activities

     34,904,946       9,635,443  
  

 

 

   

 

 

 

 

11


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)        For the fiscal year    
ended
March 31, 2021
        For the fiscal year    
ended
March 31, 2022
 

Cash flows from investing activities:

    

Purchases of securities

     (116,742,577     (97,893,977

Proceeds from sales of securities

     65,188,712       60,280,489  

Proceeds from redemption of securities

     42,121,240       36,458,516  

Payments for increase in money held in trust

     (1,241,659     (1,165,165

Proceeds from decrease in money held in trust

     901,330       1,110,030  

Purchases of tangible fixed assets

     (133,671     (101,275

Purchases of intangible fixed assets

     (263,119     (282,728

Proceeds from sales of tangible fixed assets

     49,226       82,256  

Proceeds from sales of intangible fixed assets

     8,223       1,277  

Payments for transfer of businesses

     —         (724,428

Payments for acquisition of businesses

     (520     —    

Proceeds from transfer of businesses

     —         33,038  

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

     (23,239     (1,165

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

     —         2,813  

Others

     (4,289     (2,409
  

 

 

   

 

 

 

Net cash provided by (used in) investing activities

     (10,140,343     (2,202,726
  

 

 

   

 

 

 

Cash flows from financing activities:

    

Proceeds from subordinated borrowings

     20,000       —    

Repayments of subordinated borrowings

     (21,000     —    

Proceeds from issuance of subordinated bonds payable and bonds with warrants

     272,742       226,091  

Payments for redemption of subordinated bonds payable and bonds with warrants

     (381,454     (789,480

Proceeds from issuance of common stock to non-controlling shareholders

     4,856       3,569  

Repayments to non-controlling shareholders

     (23     —    

Dividends paid by MUFG

     (321,772     (334,619

Dividends paid by subsidiaries to non-controlling shareholders

     (14,826     (32,622

Purchases of treasury stock

     (13     (158,515

Proceeds from sales of treasury stock

     2,143       209,855  

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

     (0     (250

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

     3,275       —    
  

 

 

   

 

 

 

Net cash provided by (used in) financing activities

     (436,071     (875,972
  

 

 

   

 

 

 

Effect of foreign exchange rate changes on cash and cash equivalents

     316,544       1,228,889  
  

 

 

   

 

 

 

Net increase (decrease) in cash and cash equivalents

     24,645,076       7,785,634  
  

 

 

   

 

 

 

Cash and cash equivalents at the beginning of the period

     78,335,634       102,980,711  
  

 

 

   

 

 

 

Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation

     —         (3,109
  

 

 

   

 

 

 

Decrease in cash and cash equivalents resulting from absorption via corporate separation

     —         (30
  

 

 

   

 

 

 

Cash and cash equivalents at the end of the period

     102,980,711       110,763,205  
  

 

 

   

 

 

 

 

12


Mitsubishi UFJ Financial Group, Inc.

 

Notes to the Consolidated Financial Statements

(Notes on Going-Concern Assumption)

None.

(Changes in Accounting Policies)

  (Accounting Standard for Revenue Recognition)

Accounting Standard Board of Japan (“ASBJ”) Statement No. 29, “Accounting Standard for Revenue Recognition” (ASBJ, March 30, 2018), and ASBJ Guidance No. 30, “Implementation Guidance on Accounting Standard for Revenue Recognition” (ASBJ, March 30, 2018), are applied from the beginning of the fiscal year ended March 31, 2022. Under these accounting standards, revenue is recognized in an amount expected to be received in exchange for goods or services when control of promised goods or services is transferred to a customer. A primary change resulting from the application of these accounting standards relates to revenue from annual membership fees recorded as income from the credit card business. Such revenue was previously recognized when received from customers but is currently recognized over the period in which the services are provided.

In accordance with the transitional measures set forth in the proviso in paragraph 84 of the Accounting Standard for Revenue Recognition, the cumulative effect of retroactively applying the new accounting policy to reporting periods prior to the beginning of the fiscal year ended March 31, 2022 was recognized as adjustments to retained earnings at the beginning of the fiscal year ended March 31, 2022, and the new accounting policy is applied from the beginning of the fiscal year ended March 31, 2022 as a change in MUFG’s accounting policies. However, due to application of the method set forth in paragraph 86 of the Accounting Standard for Revenue Recognition, the new accounting policy was not retroactively applied to a contract for which substantially all of the revenue had been recognized in accordance with the previous accounting treatment prior to the beginning of the fiscal year ended March 31, 2022.

As a result, at the beginning of the fiscal year ended March 31, 2022, retained earnings decreased by ¥6,617 million. The impact on each fee and commissions income, ordinary profits, profits before income taxes and per share information for the fiscal year ended March 31, 2022 is not significant.

In accordance with the transitional measures set forth in paragraph 89-3 of the Accounting Standard for Revenue Recognition, information on breakdowns of revenues from contracts with customers for the fiscal year ended March 31, 2021 is not disclosed.

(Changes in Presentation of Financial Information)

From the beginning of the fiscal year ended March 31, 2022, expenses related to credit cards, which were previously recorded as general and administrative expenses, are recorded as fees and commissions expenses.

This reflects the change made in the presentation of expenses corresponding to income related to credit cards, which is recorded as fees and commissions income, as a result of a review of fees and commissions income that was conducted in connection with the adoption of ASBJ Statement No. 29, “Accounting Standard for Revenue Recognition” and ASBJ Guidance No. 30, “Implementation Guidance on Accounting Standard for Revenue Recognition” from the beginning of the fiscal year ended March 31, 2022, to disclose financial information in a manner that more closely reflects the actual economic situation.

In order to reflect this change in the presentation of the financial information, the consolidated financial statements for the fiscal year ended March 31, 2021, have been retroactively restated.

As a result, fees and commissions expenses of ¥230,822 million and general and administrative expenses of ¥2,786,505 million previously presented in the consolidated statement of income for the fiscal year ended March 31, 2021 have been restated, resulting in the current presentation of fees and commissions expenses of ¥307,778 million and general and administrative expenses of ¥2,709,549 million.

 

13


Mitsubishi UFJ Financial Group, Inc.

 

(Additional Information)

  (Impairment of fixed assets)

In line with the reorganization of MUFG’s business groups, in the fiscal year ended March 31, 2019, MUFG Bank, Ltd. (the “Bank”) reorganized its business units, which constitute its managerial accounting segments, on a consolidated basis. Thereafter, the Bank continued to make modifications to its managerial accounting, focusing on the allocation of operating expenses, with an aim to enhance profit and loss management for each such business unit. In order to improve efficiency and effectiveness in resource management for investments in systems and other fixed assets, which are expected to increase further in importance, the Bank has adopted for each such business unit a decision-making process for budget limit management and investments. In March 2022, the Bank allocated business infrastructure assets to each of its business units in order to establish a framework that facilitates each business unit to manage such assets more autonomously. In connection with these measures, the Bank modified its application of accounting for impairment of fixed assets. Specifically, in addition to conducting impairment test on a business location basis and on a bank-wide basis as previously done, the Bank detailed certain corporate assets, allocated some of such corporate assets to business units and conducted impairment test on a business unit basis. The allocation of such corporate assets to business units was determined based on the utilization ratio for each such asset (considering the number of employees, the number of customers, and the floor area) and other allocation criteria.

As a result of the foregoing, impairment losses were recorded on assets (mainly software and the headquarters building) of the Digital Service Business Unit, the Retail & Commercial Banking Business Unit and the Global Commercial Banking Business Unit of the Bank as the carrying amount of such assets was no longer deemed fully recoverable.

Such impairment losses were ¥127,023 million (including ¥31,500 million on buildings and ¥93,242 million on software) and were included in the total amount of impairment losses reported in the consolidated statement of income.

  (Agreement for the Sale of MUFG Union Bank, and Transfer of Certain Businesses of MUFG Union Bank)

On September 21, 2021, MUFG Americas Holdings Corporation (“MUAH”), a subsidiary of MUFG whose financial statements as of and for the twelve-month period ended December 31, 2021 have been consolidated with MUFG’s financial statements included in this report, entered into a Share Purchase Agreement with U.S. Bancorp (“USB”) to sell all of the shares in MUFG Union Bank, N.A. (“MUB”) held by MUAH. The MUB businesses that will be transferred to USB through the planned transfer of the MUB shares (“Share Transfer”) exclude the GCIB (Global Corporate & Investment Banking) business, the Global Markets business to the extent related to the GCIB business (transactions with clients and investors) that is currently run by MUB, and certain assets and liabilities, etc. that are part of shared middle and back office functions, etc. It was decided by a resolution of the Board of Directors of the Bank that such businesses, and the customer assets and liabilities, etc. related to these businesses (including related transactions with such customers), will be transferred to MUFG Bank’s U.S. branches, subsidiaries or affiliates prior to the Share Transfer for consideration to be paid in the form of cash.

I. Business Divestiture

(1) Outline of the business divestiture

(a) Name of the acquiring entity

U.S. Bancorp

(b) Description of the businesses to be divested

Retail and Commercial Banking businesses of MUB

(c) Main objectives of the business divestiture

MUFG has viewed the U.S. regional banking business as an important business for the group’s strategy. At the same time, given MUB’s current business environment, including the need for increased technology investments as part of digital transformation, a certain scale is required to maintain and strengthen MUB’s competitiveness.

Under these circumstances, MUFG concluded that transferring MUB to USB, a major U.S. bank with a strong business foundation, is the most appropriate decision that is expected to lead to providing higher quality financial services to customers and communities and unlock MUB’s potential franchise value. From the perspective of MUFG’s optimization of management resources under the current medium-term business plan, MUFG determined that the sale of MUB and the shift of focus to corporate transactions in the United States are expected to maximize shareholder value through an increase in capital efficiency.

(d) Date of the business divestiture(*)

Expected to be effective in the first half of calendar year 2022

(e) Legal form of the business divestiture

Transfer of shares for consideration to be paid in the form of cash and shares

 

14


Mitsubishi UFJ Financial Group, Inc.

 

(2) Name of the reporting segment in which the businesses to be divested are mainly included

Global Commercial Banking Business Group

II. Transaction under Common Control

(1) Overview and objectives of the business transfer

The GCIB (Global Corporate & Investment Banking) business, the Global Markets business to the extent related to the GCIB business (transactions with clients and investors) that is currently run by MUB, and certain assets and liabilities, etc. that are part of shared middle and back office functions, etc., are expected to be transferred from MUB to the Bank’s U.S. branches, subsidiaries or affiliates prior to the Share Transfer.

The MUFG group will continue to view the U.S. market as a strategically important market after the Share Transfer and, through this transaction, aims to optimize management resources with a strategic focus on corporate transactions where the MUFG group believes it can leverage its strengths.

(2) Overview of the accounting treatment to be applied

The transaction will be treated as a transaction under common control under Accounting Standard Board of Japan (“ASBJ”) Statement No. 21, “Accounting Standard for Business Combinations” (ASBJ, January 16, 2019), and ASBJ Guidance No. 10, “Implementation Guidance on Accounting Standard for Business Combinations and Accounting Standard for Business Divestitures” (ASBJ, January 16, 2019).

  (Change in the expected date of closing of the sale of MUFG Union Bank shares to U.S. Bancorp)

The Share Transfer was originally expected to be closed in the first half of calendar year 2022, subject to all required regulatory approvals and other conditions precedent. The regulatory approval process remains ongoing and, as a result, the Share Transfer is currently expected to be closed in the second half of calendar year 2022, subject to the remaining conditions precedent.

I. (d) Date of the business divestiture(*)

Expected to be effective in the second half of calendar year 2022

  (Valuation losses of a foreign subsidiary which are expected to be reflected in MUFG’s consolidated financial statements as of and for the first quarter of the fiscal year ending March 31, 2023)

It is currently estimated that, in connection with the Share Transfer, an aggregate of approximately ¥270 billion of

valuation losses recognized by MUAH for the quarter ended March 31, 2022 mainly related to securities and loans held for sale subject to valuation primarily in accordance with Accounting Standards Codification (ASC) Topic 326, “Financial Instruments-Credit losses,” and ASC Topic 310, “Receivables,” issued by the FASB will be reflected in Other operating expenses, Other ordinary expenses and other expense items in MUFG’s consolidated financial statements as of and for the quarter ending June 30, 2022.

Any gains on sale of shares in subsidiaries resulting from the Share Transfer will be reflected in MUFG’s consolidated financial statements for the quarterly reporting period which begins immediately after the business divestiture becomes effective.(*)

  (*) The closing of the Share Transfer is subject to the approval of the relevant authorities and other conditions precedent.

 

15


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, 2022

 

     (in millions of yen)  
     Digital
Service
Business
Group
     Retail &
Commercial
Banking
Business
Group
     Japanese
Corporate
&
Investment
Banking
Business
Group
     Global
Commercial
Banking
Business
Group
     Asset
Management
& Investor
Services
Business
Group
     Global
Corporate
&
Investment
Banking
Business
Group
     Total of
Customer
Business
     Global
Markets
Business
Group
    Other     Total  

Net revenue

     727,040        600,553        620,578        781,422        348,940        527,229        3,605,765        427,030       27,115       4,059,910  

Operating expenses

     554,665        495,882        319,146        537,992        241,379        288,884        2,437,951        250,024       139,527       2,827,503  

Operating profit (loss)

     172,374        104,670        301,431        243,430        107,561        238,344        1,167,813        177,006       (112,412     1,232,407  

Fixed assets

     140,620        191,676        155,786        1,031        13,285        133,019        635,419        108,360       550,318       1,294,098  

(Notes)

 

  1.

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

 

  2.

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

 

  3.

“Operating expenses” includes personnel expenses and premise expenses.

 

  4.

“Fixed assets” for each reporting segment in the above table represent those related to MUFG Bank, Ltd. (the “Bank”) and Mitsubishi UFJ Trust and Banking Corporation (the “Trust Bank”). Those fixed assets and consolidation adjustments related to MUFG and its other consolidated subsidiaries, which are not allocated to reporting segments, were ¥1,286,139 million. With respect to such fixed assets not allocated to reporting segments, related expenses are allocated to each reporting segment on a reasonable basis.

 

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, 2022
 

Total operating profit of reporting segments

     1,232,407  

Operating profit of consolidated subsidiaries excluded from reporting segments

     (383

Provision for general allowance for credit losses

     65,436  

Credit related expenses

     (485,479

Gains on loans written-off

     88,558  

Net gains on equity securities and other securities

     332,629  

Equity in earnings of equity method investees

     441,595  

Others

     (137,114

Ordinary profit in the consolidated statement of income

     1,537,649  

 

16


Mitsubishi UFJ Financial Group, Inc.

 

(Additional Information)

(Information on Impairment losses on fixed assets for each reporting segment)

Starting in the fiscal year ended March 31, 2022, Impairment losses on fixed assets are allocated to reporting segments.

For the Fiscal Year Ended March 31, 2022

 

     (in millions of yen)  
     Digital
Service
Business
Group
     Retail &
Commercial
Banking
Business
Group
     Japanese
Corporate
&
Investment
Banking
Business
Group
     Global
Commercial
Banking
Business
Group
     Asset
Management
& Investor
Services
Business
Group
     Global
Corporate
&
Investment
Banking
Business
Group
     Total of
Customer
Business
     Global
Markets
Business
Group
        Other             Total      

Net revenue

     72,090        59,332        952        3,694        857        720        137,647        755       3,358       141,761  

(Notes)

Impairment losses on fixed assets related to MUFG and its consolidated subsidiaries other than those related to the Bank and the Trust Bank are not allocated to reporting segments. Such unallocated impairment losses for the current fiscal year were ¥32,372 million yen.

 

17


Mitsubishi UFJ Financial Group, Inc.

 

(Per Share Information)

 

     For the fiscal year ended
March 31, 2022
 

Total equity per common share

     ¥1,349.51   

Basic earnings per common share

     ¥88.44   

Diluted earnings per common share

     ¥88.05   

(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, 2022

Basic earnings per common share

     

Profits attributable to owners of parent

   million yen    1,130,840 

Profits not attributable to common shareholders

   million yen    —   

Profits attributable to common shareholders of parent

   million yen    1,130,840 

Average number of common shares during the period

   thousand shares    12,785,341 

Diluted earnings per common share

     

Adjustment to profits attributable to owners of parent

   million yen    (5,050)

Adjustment related to dilutive shares of consolidated subsidiaries and others

   million yen    (5,050)

Increase in common shares

   thousand shares    —   

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, 2021

 

2.

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

 

         

As of March 31, 2022

Total equity

   million yen    17,988,245 

Deductions from total equity:

   million yen    964,471 

Non-controlling interests

   million yen    964,471 

Total equity attributable to common shares

   million yen    17,023,773 

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

   thousand shares    12,614,699 

 

18


 

 

Selected Financial Information

under Japanese GAAP

For the Fiscal Year Ended March 31, 2022

 

 

 

 

 

 

 

 

 

Mitsubishi UFJ Financial Group, Inc.

      LOGO            


Mitsubishi UFJ Financial Group, Inc.

[Contents]       

 

1.  Financial Results

 

[ MUFG Consolidated ]*1[ BK and TB Combined ]*2*3*4

[ 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.  Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the “FRA”)

 

[ MUFG Consolidated ][ BK and TB Combined ]

[ BK Non-consolidated ][ TB Non-consolidated ]

[ TB Non-consolidated : Trust Account ]

    14  

8.  Progress in Disposition of Problem Assets

 

[ BK Non-consolidated ]

[ TB Non-consolidated including Trust Account ]

    20  

9.  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 ]

    22  

10.  Overseas Loans

  [ BK Consolidated excl. MUAH, KS, BDI ]*5*6*7     26  

11.  Loans and Deposits

 

[ BK and TB Combined ]

[ BK Non-consolidated ][ TB Non-consolidated ]

    27  

12.  Domestic Deposits

 

[ BK and TB Combined ]

[ BK Non-consolidated ][ TB Non-consolidated ]

    28  

13.  Status of Deferred Tax Assets

  [ BK Non-consolidated ][ TB Non-consolidated ]     29  

14.  Retirement Benefits

 

[ MUFG Consolidated ]

[ BK Non-consolidated ][ TB Non-consolidated ]

    31  
(Reference)    

1.  Financial Statements

  [ BK Non-consolidated ][ TB Non-consolidated ]     34  

 

(*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.

(*7)

“BDI” means PT Bank Danamon Indonesia, Tbk.

 


Mitsubishi UFJ Financial Group, Inc.

 

1. Financial Results

MUFG Consolidated

 

                                                                                   
     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2022
(A)
    March 31, 2021
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     3,964,051       3,920,956       43,094  

Gross profits before credit costs for trust accounts

     3,964,002       3,920,956       43,045  

Net interest income

     2,043,648       1,905,112       138,536  

Trust fees

     144,147       140,449       3,698  

Credit costs for trust accounts (1)

     49       (0     49  

Net fees and commissions

     1,430,649       1,257,756       172,892  

Net trading profits

     232,471       350,065       (117,593

Net other operating profits

     113,134       267,573       (154,438

Net gains (losses) on debt securities

     (140,442     119,061       (259,504

General and administrative expenses

     2,747,227       2,672,533       74,693  

Amortization of goodwill

     18,051       16,833       1,218  

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

     1,234,827       1,265,257       (30,429

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

     1,216,775       1,248,423       (31,648

Provision for general allowance for credit losses (2)

     65,436       (203,867     269,303  

Net operating profits*

     1,282,260       1,044,555       237,704  

Net non-recurring gains (losses)

     255,388       9,054       246,333  

Credit costs (3)

     (485,479     (378,886     (106,592

Losses on loan write-offs

     (157,730     (188,852     31,122  

Provision for specific allowance for credit losses

     (258,640     (174,259     (84,381

Other credit costs

     (69,108     (15,775     (53,333

Reversal of allowance for credit losses (4)

     —         —         —    

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

     —         —         —    

Gains on loans written-off (6)

     88,558       67,224       21,334  

Net gains (losses) on equity securities

     332,629       130,273       202,356  

Gains on sales of equity securities

     378,040       189,957       188,083  

Losses on sales of equity securities

     (34,232     (51,585     17,352  

Losses on write-down of equity securities

     (11,178     (8,099     (3,079

Equity in earnings of equity method investees

     441,595       321,761       119,833  

Other non-recurring gains (losses)

     (121,915     (131,317     9,401  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     1,537,649       1,053,610       484,038  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (47,791     (11,574     (36,217

Net gains (losses) on disposition of fixed assets

     16,862       16,628       234  

Losses on impairment of fixed assets

     (174,133     (41,240     (132,892

Net gains (losses) on change in equity

     45,262       22,099       23,162  

Gains on transfer of businesses

     31,021       —         31,021  

Net gains (losses) on sales of shares of affiliates

     28,968       (8,689     37,657  

Gains on sales of shares of subsidiaries

     4,240       —         4,240  

Profits before income taxes

     1,489,857       1,042,036       447,821  

Income taxes-current

     391,634       229,762       161,871  

Income taxes-deferred

     (108,224     (44,694     (63,529

Total taxes

     283,410       185,068       98,341  

Profits

     1,206,447       856,967       349,479  

Profits attributable to non-controlling interests

     75,606       79,949       (4,343
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     1,130,840       777,018       353,822  
  

 

 

   

 

 

   

 

 

 

Note:

      

*1.  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

   

*2.  From the beginning of the fiscal year ended March 31, 2022, expenses related to credit cards, which were previously recorded as general and administrative expenses, are recorded as fees and commissions expenses. Accordingly, the financial information for the fiscal year ended March 31, 2021 have been retroactively restated.

   

(Reference)

      

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

     (331,435     (515,530     184,094  

Number of consolidated subsidiaries

     252       258       (6

Number of affiliated companies accounted for under the equity method

     53       53       —    

 

1


Mitsubishi UFJ Financial Group, Inc.

 

BK and TB Combined

 

                                                                                   
     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2022
(A)
    March 31, 2021
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     1,876,109       1,882,799       (6,690

Gross profits before credit costs for trust accounts

     1,876,060       1,882,799       (6,739

Domestic gross profits

     1,134,706       975,072       159,634  

Net interest income

     594,864       570,868       23,996  

Trust fees

     116,631       113,809       2,821  

Credit costs for trust accounts (1)

     49       (0     49  

Net fees and commissions

     352,131       339,017       13,114  

Net trading profits

     (12,516     1,868       (14,384

Net other operating profits

     83,595       (50,490     134,085  

Net gains (losses) on debt securities

     37,650       (52,592     90,242  

Non-domestic gross profits

     741,402       907,727       (166,324

Net interest income

     562,918       405,483       157,434  

Net fees and commissions

     187,861       153,515       34,346  

Net trading profits

     36,943       105,390       (68,447

Net other operating profits

     (46,320     243,337       (289,657

Net gains (losses) on debt securities

     (189,882     149,481       (339,364

General and administrative expenses

     1,325,171       1,362,349       (37,178

Personnel expenses

     424,863       445,240       (20,377

Non-personnel expenses

     833,773       834,780       (1,007

Taxes

     66,534       82,328       (15,793

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

     550,889       520,449       30,439  

Provision for general allowance for credit losses (2)

     (1,131     (90,752     89,620  

Net operating profits

     549,806       429,697       120,109  

Net non-recurring gains (losses)

     72,862       (94,414     167,276  

Credit costs (3)

     (248,863     (141,707     (107,156

Reversal of allowance for credit losses (4)

     199       8       191  

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

     —         95       (95

Gains on loans written-off (6)

     15,862       9,078       6,783  

Net gains (losses) on equity securities

     321,023       123,057       197,965  

Gains on sales of equity securities

     365,967       180,515       185,452  

Losses on sales of equity securities

     (34,252     (50,947     16,694  

Losses on write-down of equity securities

     (10,691     (6,510     (4,181

Other non-recurring gains (losses)

     (15,358     (84,947     69,588  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     622,668       335,282       287,386  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (125,864     (243     (125,620

Net gains (losses) on disposition of fixed assets

     15,606       17,670       (2,064

Losses on impairment of fixed assets

     (141,761     (18,306     (123,455

Losses on sales of shares of affiliates

     —         (1,978     1,978  

Income before income taxes

     496,804       335,039       161,765  

Income taxes-current

     241,069       131,325       109,744  

Income taxes-deferred

     (92,493     (37,168     (55,325

Total taxes

     148,576       94,156       54,419  
  

 

 

   

 

 

   

 

 

 

Net income

     348,228       240,882       107,345  
  

 

 

   

 

 

   

 

 

 

(Reference)

      

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

     (233,884     (223,277     (10,606

Credit costs for trust accounts

     49       (0     49  

Provision for general allowance for credit losses

     (933     (90,509     89,575  

Provision for special allowance for credit losses

     (167,246     (85,316     (81,929

Allowance for credit to specific foreign borrowers

     (36,803     (374     (36,429

Losses on loans write-offs

     (18,113     (36,039     17,926  

Provision for contingent losses included in credit costs

     (20,812     (5,700     (15,112

Gains on loans written-off

     15,862       9,078       6,783  

Losses on sales of other loans, etc.

     (5,886     (14,414     8,528  

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities

     703,121       423,560       279,561  

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation

     668,396       438,141       230,254  

 

2


Mitsubishi UFJ Financial Group, Inc.

 

BK Consolidated

 

                                                                                   
     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2022
(A)
    March 31, 2021
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     2,696,605       2,698,690       (2,084

Net interest income

     1,749,480       1,598,960       150,519  

Trust fees

     11,981       12,249       (268

Net fees and commissions

     739,697       664,345       75,351  

Net trading profits

     79,596       163,959       (84,362

Net other operating profits

     115,850       259,176       (143,325

Net gains (losses) on debt securities

     (103,259     134,431       (237,691

General and administrative expenses

     1,876,124       1,848,548       27,575  

Amortization of goodwill

     6,550       6,049       500  

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

     827,031       856,192       (29,160

Net operating profits before provision for general allowance for credit losses

     820,481       850,142       (29,660

Provision for general allowance for credit losses (1)

     64,123       (209,101     273,225  

Net operating profits*

     884,605       641,040       243,565  

Net non-recurring gains (losses)

     (59,766     (210,152     150,386  

Credit costs (2)

     (393,589     (286,177     (107,411

Losses on loan write-offs

     (82,069     (110,545     28,475  

Provision for specific allowance for credit losses

     (244,792     (159,862     (84,930

Other credit costs

     (66,726     (15,770     (50,956

Reversal of allowance for credit losses (3)

     —         —         —    

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

     —         —         —    

Gains on loans written-off (5)

     64,283       44,649       19,633  

Net gains (losses) on equity securities

     277,073       86,956       190,116  

Gains on sales of equity securities

     315,451       131,889       183,562  

Losses on sales of equity securities

     (28,576     (38,399     9,823  

Losses on write-down of equity securities

     (9,801     (6,532     (3,268

Equity in earnings of equity method investees

     25,038       19,130       5,908  

Other non-recurring gains (losses)

     (32,573     (74,712     42,138  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     824,838       430,887       393,951  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (82,555     (6,524     (76,031

Net gains (losses) on disposition of fixed assets

     15,768       16,947       (1,178

Losses on impairment of fixed assets

     (162,686     (23,472     (139,214

Gains on sales of shares of affiliates

     28,968       —         28,968  

Gains on transfer of businesses

     22,702       —         22,702  

Gains on change in equity

     8,395       —         8,395  

Gains on sales of shares of subsidiaries

     4,295       —         4,295  

Profits before income taxes

     742,283       424,362       317,920  

Income taxes-current

     286,737       178,172       108,565  

Income taxes-deferred

     (82,449     (81,769     (679

Total taxes

     204,288       96,402       107,885  

Profits

     537,994       327,960       210,034  

Profits attributable to non-controlling interests

     34,993       20,198       14,795  
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     503,001       307,761       195,239  
  

 

 

   

 

 

   

 

 

 
Note:       

* Netoperating 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)

     (265,182     (450,629     185,447  

Number of consolidated subsidiaries

     115       122       (7

Number of affiliated companies accounted for under the equity method

     46       44       2  

 

3


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

 

                                                                                   
     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2022
(A)
    March 31, 2021
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     1,509,738       1,551,105       (41,366

Domestic gross profits

     848,134       710,312       137,821  

Net interest income

     551,479       531,982       19,497  

Net fees and commissions

     243,311       242,348       962  

Net trading profits

     1,009       3,453       (2,443

Net other operating profits

     52,333       (67,472     119,806  

Net gains (losses) on debt securities

     36,938       (64,047     100,986  

Non-domestic gross profits

     661,604       840,792       (179,188

Net interest income

     433,495       314,559       118,936  

Net fees and commissions

     185,870       150,205       35,664  

Net trading profits

     48,236       104,996       (56,759

Net other operating profits

     (5,997     271,031       (277,029

Net gains (losses) on debt securities

     (149,035     180,690       (329,725

General and administrative expenses

     1,135,332       1,163,040       (27,708

Personnel expenses

     363,197       380,442       (17,245

Non-personnel expenses

     712,553       710,069       2,484  

Amortization of goodwill

     1,583       1,566       16  

Taxes

     59,581       72,529       (12,947

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

     375,989       389,631       (13,641

Net operating profits before provision for general allowance for credit losses

     374,406       388,064       (13,657

Provision for general allowance for credit losses (1)

     (1,131     (90,752     89,620  

Net operating profits

     373,274       297,311       75,963  

Net non-recurring gains (losses)

     33,782       (95,064     128,846  

Credit costs (2)

     (248,736     (141,702     (107,034

Reversal of allowance for credit losses (3)

     —         —         —    

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

     —         —         —    

Gains on loans written-off (5)

     15,841       9,078       6,763  

Net gains (losses) on equity securities

     270,555       84,019       186,535  

Gains on sales of equity securities

     308,758       125,788       182,969  

Losses on sales of equity securities

     (28,394     (36,885     8,490  

Losses on write-down of equity securities

     (9,809     (4,884     (4,925

Other non-recurring gains (losses)

     (3,877     (46,460     42,582  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     407,057       202,247       204,810  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (120,858     3,336       (124,195

Net gains (losses) on disposition of fixed assets

     14,882       17,719       (2,836

Losses on impairment of fixed assets

     (135,697     (16,754     (118,943

Income before income taxes

     286,198       205,583       80,614  

Income taxes-current

     190,928       101,551       89,377  

Income taxes-deferred

     (93,074     (40,447     (52,626

Total taxes

     97,854       61,103       36,750  
  

 

 

   

 

 

   

 

 

 

Net income

     188,344       144,479       43,864  
  

 

 

   

 

 

   

 

 

 

(Reference)

      

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

     (234,026     (223,376     (10,650

Provision for general allowance for credit losses

     (1,131     (90,752     89,620  

Provision for special allowance for credit losses

     (167,247     (85,082     (82,165

Allowance for credit to specific foreign borrowers

     (36,803     (374     (36,429

Losses on loans write-off

     (18,113     (36,034     17,920  

Provision for contingent losses included in credit costs

     (20,685     (5,796     (14,889

Gains on loans written-off

     15,841       9,078       6,763  

Losses on sales of other loans, etc.

     (5,886     (14,414     8,528  

Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities

     486,503       271,421       215,081  

Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation

     443,081       275,955       167,125  

 

4


Mitsubishi UFJ Financial Group, Inc.

 

TB Consolidated

 

                                                                                   
     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2022
(A)
    March 31, 2021
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     585,295       519,511       65,783  

Gross profits before credit costs for trust accounts

     585,246       519,511       65,734  

Trust fees

     132,557       128,566       3,991  

Trust fees before credit costs for trust accounts

     132,508       128,566       3,942  

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

     17,158       21,434       (4,276

Other trust fees

     115,350       107,131       8,218  

Credit costs for trust accounts (1)

     49       (0     49  

Net interest income

     137,165       116,540       20,624  

Net fees and commissions

     329,845       268,576       61,269  

Net trading profits

     (20,816     5,297       (26,114

Net other operating profits

     6,542       529       6,012  

Net gains (losses) on debt securities

     (39,699     (19,973     (19,725

General and administrative expenses

     384,299       365,112       19,187  

Amortization of goodwill

     11,498       10,780       718  

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

     212,444       165,179       47,265  

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

     200,946       154,399       46,546  

Provision for general allowance for credit losses (2)

     —         —         —    

Net operating profits*

     200,995       154,399       46,596  

Net non-recurring gains (losses)

     37,545       2,995       34,550  

Credit costs (3)

     (277     (23     (253

Losses on loan write-offs

     (18     (25     6  

Provision for specific allowance for credit losses

     —         —         —    

Other credit costs

     (259     1       (260

Reversal of allowance for credit losses (4)

     220       66       154  

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

     —         —         —    

Gains on loans written-off (6)

     34       13       21  

Net gains (losses) on equity securities

     50,507       39,187       11,320  

Gains on sales of equity securities

     57,218       54,726       2,492  

Losses on sales of equity securities

     (5,858     (14,062     8,203  

Losses on write-down of equity securities

     (852     (1,477     624  

Equity in earnings of equity method investees

     1,600       4,577       (2,977

Other non-recurring gains (losses)

     (14,540     (40,825     26,284  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     238,541       157,394       81,146  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (5,792     6,260       (12,052

Net gains (losses) on disposition of fixed assets

     513       468       45  

Losses on impairment of fixed assets

     (6,306     (1,552     (4,754

Gains on sales of shares of affiliates

     —         7,344       (7,344

Profits before income taxes

     232,748       163,654       69,093  

Income taxes-current

     69,706       43,333       26,372  

Income taxes-deferred

     (1,864     1,986       (3,851

Total taxes

     67,842       45,320       22,521  

Profits

     164,906       118,334       46,572  

Profits attributable to non-controlling interests

     561       399       161  
  

 

 

   

 

 

   

 

 

 

Profits attributable to owners of parent

     164,345       117,934       46,410  
  

 

 

   

 

 

   

 

 

 

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)

     27       55       (28

Number of consolidated subsidiaries

     107       105       2  

Number of affiliated companies accounted for under the equity method

     4       5       (1

TB Consolidated(combined operating results of TB and transferred entities to Intermediate Holding Company in the United States) 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

     202,700       154,114       48,586  

Profits attributable to owners of parent

     165,527       117,615       47,911  

Number of the entities transferred to IHC

     4       4       —    

 

5


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

 

                                                                                   
     (in millions of yen)  
     For the fiscal year ended     Increase  
     March 31, 2022
(A)
    March 31, 2021
(B)
    (Decrease)
(A) - (B)
 

Gross profits

     366,370       331,694       34,675  

Gross profits before credit costs for trust accounts

     366,321       331,694       34,626  

Domestic gross profits

     286,572       264,760       21,812  

Trust fees

     116,631       113,809       2,821  

Trust fees before credit costs for trust accounts

     116,582       113,809       2,772  

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

     17,158       21,434       (4,276

Other trust fees

     99,424       92,375       7,049  

Credit costs for trust accounts (1)

     49       (0     49  

Net interest income

     43,384       38,885       4,499  

Net fees and commissions

     108,820       96,668       12,152  

Net trading profits

     (13,525     (1,584     (11,940

Net other operating profits

     31,261       16,981       14,279  

Net gains (losses) on debt securities

     711       11,455       (10,743

Non-domestic gross profits

     79,798       66,934       12,863  

Net interest income

     129,423       90,924       38,498  

Net fees and commissions

     1,990       3,309       (1,318

Net trading profits

     (11,293     394       (11,687

Net other operating profits

     (40,322     (27,694     (12,628

Net gains (losses) on debt securities

     (40,847     (31,208     (9,638

General and administrative expenses

     189,838       199,309       (9,470

Personnel expenses

     61,665       64,798       (3,132

Non-personnel expenses

     121,220       124,711       (3,491

Taxes

     6,953       9,799       (2,846

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

     176,482       132,385       44,096  

Provision for general allowance for credit losses (2)

     —         —         —    

Net operating profits

     176,531       132,385       44,146  

Net non-recurring gains (losses)

     39,079       649       38,430  

Credit costs (3)

     (127     (5     (122

Reversal of allowance for credit losses (4)

     199       8       191  

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

     —         95       (95

Gains on loans written-off (6)

     20       0       20  

Net gains (losses) on equity securities

     50,468       39,038       11,429  

Gains on sales of equity securities

     57,209       54,726       2,482  

Losses on sales of equity securities

     (5,858     (14,062     8,203  

Losses on write-down of equity securities

     (882     (1,625     743  

Other non-recurring gains (losses)

     (11,480     (38,486     27,006  
  

 

 

   

 

 

   

 

 

 

Ordinary profits

     215,611       133,035       82,576  
  

 

 

   

 

 

   

 

 

 

Net extraordinary gains (losses)

     (5,005     (3,579     (1,425

Net gains (losses) on disposition of fixed assets

     723       (48     772  

Losses on impairment of fixed assets

     (6,063     (1,552     (4,511

Losses on sales of shares of affiliates

     —         (1,978     1,978  

Income before income taxes

     210,606       129,456       81,150  

Income taxes-current

     50,141       29,773       20,367  

Income taxes-deferred

     580       3,279       (2,698

Total taxes

     50,721       33,052       17,668  
  

 

 

   

 

 

   

 

 

 

Net income

     159,884       96,403       63,481  
  

 

 

   

 

 

   

 

 

 

(Reference)

      

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

     141       98       43  

Credit costs for trust accounts

     49       (0     49  

Provision for general allowance for credit losses

     197       242       (45

Provision for special allowance for credit losses

     1       (234     236  

Allowance for credit to specific foreign borrowers

     —         —         —    

Losses on loans write-offs

     —         (5     5  

Provision for contingent losses included in credit costs

     (127     95       (223

Gains on loans written-off

     20       0       20  

Losses on sales of other loans, etc.

     —         —         —    

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities

     216,618       152,138       64,479  

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation

     225,314       162,185       63,129  

 

6


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, 2022
(A)
     Increase
(Decrease)
(A) - (B)
    For the fiscal year
ended
March 31, 2021
(B)
 

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

     0.41        0.00       0.41  

Average interest rate on loans and bills discounted (b)

     0.74        0.02       0.72  

Average interest rate on securities

     0.27        0.00       0.27  

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

     0.35        (0.05     0.40  

Average interest rate on deposits and NCD (d)

     0.00        (0.00     0.00  

Average interest rate on other liabilities

     0.09        (0.02     0.12  

Overall interest rate spread (a)-(c)

     0.05        0.05       0.00  

Interest rate spread (b)-(d)

     0.74        0.02       0.72  

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

       

Average interest rate on loans and bills discounted (e)

     0.76        0.01       0.74  

Interest rate spread (e)-(d)

     0.76        0.01       0.74  

TB Non-consolidated

       
     (percentage per annum)  
(Domestic business segment)    For the fiscal year
ended
March 31, 2022
(A)
     Increase
    (Decrease)    
(A) - (B)
    For the fiscal year
ended
March 31, 2021
(B)
 

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

     0.44        0.05       0.39  

Average interest rate on loans and bills discounted (b)

     0.37        0.04       0.33  

Average interest rate on securities

     1.15        (0.05     1.21  

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

     0.09        0.01       0.08  

Average interest rate on deposits and NCD (d)

     0.02        (0.00     0.02  

Overall interest rate spread (a)-(c)

     0.34        0.04       0.30  

Interest rate spread (b)-(d)

     0.35        0.04       0.30  

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

       

Average interest rate on loans and bills discounted (e)

     0.70        0.06       0.64  

Interest rate spread (e)-(d)

     0.68        0.06       0.61  

BK and TB Combined

       
     (percentage per annum)  
(Domestic business segment)    For the fiscal year
ended
March 31, 2022
(A)
     Increase
(Decrease)
(A) - (B)
    For the fiscal year
ended
March 31, 2021
(B)
 

Average interest rate on loans and bills discounted (a)

     0.73        0.02       0.70  

Average interest rate on deposits and NCD (b)

     0.00        (0.00     0.00  

Interest rate spread (a)-(b)

     0.73        0.02       0.70  

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

       

Average interest rate on loans and bills discounted (c)

     0.76        0.02       0.74  

Interest rate spread (c)-(b)

     0.76        0.02       0.74  

 

7


Mitsubishi UFJ Financial Group, Inc.

 

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

MUFG Consolidated

 

     (in billions of yen)  
     As of March 31, 2022  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     1,786.1        5,865.3        10,190.2        17,841.7  

Receive-floater/pay-fix

     529.5        6,055.7        2,942.5        9,527.7  

Receive-floater/pay-floater

     260.0        —          —          260.0  

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     2,575.6        11,921.1        13,132.7        27,629.5  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

BK Consolidated

 

 

  
     (in billions of yen)  
     As of March 31, 2022  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     1,562.3        5,482.2        10,064.0        17,108.6  

Receive-floater/pay-fix

     269.5        4,824.7        1,078.5        6,172.8  

Receive-floater/pay-floater

     —          —          —          —    

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,831.8        10,306.9        11,142.5        23,281.4  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

TB Consolidated

 

 

  
     (in billions of yen)  
     As of March 31, 2022  
     within 1 year      1 year to 5 years      over 5 years      Total  

Receive-fix/pay-floater

     223.7        293.6        100.9        618.4  

Receive-floater/pay-fix

     252.5        1,220.6        1,849.6        3,322.8  

Receive-floater/pay-floater

     260.0        —          —          260.0  

Receive-fix/pay-fix

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     736.3        1,514.3        1,950.6        4,201.3  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

8


Mitsubishi UFJ Financial Group, Inc.

 

4. Securities

MUFG Consolidated

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

Fair Value Information on Securities

 

     (in millions of yen)  
     As of March 31, 2022      As of March 31, 2021  
     Amount on
consolidated
balance sheet
     Unrealized
gains (losses)
    Gains      Losses      Amount on
consolidated
balance sheet
     Unrealized
gains (losses)
    Gains      Losses  

Debt securities being held to maturity

     4,595,108        14,236       29,136        14,899        3,903,764        35,380       50,465        15,085  

Domestic bonds

     1,983,383        8,946       13,695        4,748        1,100,447        23,032       23,032        —    

Government bonds

     1,748,029        10,167       13,689        3,521        1,100,447        23,032       23,032        —    

Municipal bonds

     175,071        (1,111     4        1,115        —          —         —          —    

Short-term corporate bonds

     —          —         —          —          —          —         —          —    

Corporate bonds

     60,283        (110     1        111        —          —         —          —    

Other

     2,611,724        5,290       15,441        10,151        2,803,317        12,347       27,432        15,085  

Foreign bonds

     234,652        (8,728     49        8,777        756,657        22,902       25,711        2,808  

Other

     2,377,072        14,019       15,392        1,373        2,046,659        (10,555     1,721        12,277  
     (in millions of yen)  
     As of March 31, 2022      As of March 31, 2021  
     Amount on
consolidated
balance sheet
     Unrealized
gains (losses)
    Gains      Losses      Amount on
consolidated
balance sheet
     Unrealized
gains (losses)
    Gains      Losses  

Available-for-sale securities

     74,909,679        2,391,884       3,617,882        1,225,998        73,892,007        3,749,919       4,227,901        477,981  

Domestic equity securities

     4,613,704        2,914,100       2,960,076        45,975        5,216,386        3,350,537       3,390,250        39,712  

Domestic bonds

     40,433,641        (61,811     87,345        149,157        40,552,270        122,506       167,887        45,381  

Government bonds

     31,411,854        (55,402     64,264        119,666        32,344,709        86,944       123,397        36,452  

Municipal bonds

     4,146,145        (8,315     6,671        14,987        3,731,515        12,310       15,124        2,814  

Short-term corporate bonds

     1,010,637        29       48        18        564,097        26       31        4  

Corporate bonds

     3,865,004        1,876       16,361        14,485        3,911,947        23,225       29,334        6,109  

Other

     29,862,332        (460,404     570,460        1,030,865        28,123,350        276,874       669,762        392,888  

Foreign equity securities

     218,599        27,791       49,635        21,844        86,025        21,102       21,104        1  

Foreign bonds

     22,030,527        (852,866     76,676        929,542        21,236,699        103,001       377,998        274,996  

Other

     7,613,205        364,670       444,148        79,478        6,800,625        152,770       270,659        117,889  

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

 

 

     (in millions of yen)  
     As of March 31, 2022      As of March 31, 2021  
     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

     22,545,812        9,629,952       6,249,021        3,992,239        23,813,598        6,929,239       6,909,513        4,000,366  

Government bonds

     21,026,975        6,019,462       3,549,886        2,563,559        22,879,850        4,097,191       3,880,019        2,588,095  

Municipal bonds

     154,954        2,033,951       2,132,310        —          69,592        1,390,238       2,271,684        —    

Short-term corporate bonds

     1,010,637        —         —          —          564,097        —         —          —    

Corporate bonds

     353,245        1,576,538       566,824        1,428,679        300,057        1,441,808       757,809        1,412,271  

Other

     3,864,253        6,519,765       7,914,092        10,070,686        3,260,028        8,703,402       6,630,163        9,452,219  

Foreign equity securities

     8,664        23,807       —          —          —          —         —          —    

Foreign bonds

     2,566,945        5,181,663       6,068,331        8,448,239        2,549,349        7,085,913       5,290,960        7,067,133  

Other

     1,288,643        1,314,294       1,845,760        1,622,446        710,678        1,617,489       1,339,203        2,385,086  

Total

     26,410,066        16,149,717       14,163,113        14,062,925        27,073,626        15,632,642       13,539,677        13,452,586  

 

9


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, 2021      As of March 31, 2021  
     Amount on
balance sheet
     Unrealized
gains (losses)
    Gains      Losses      Amount on
balance sheet
     Unrealized
gains (losses)
    Gains      Losses  

Debt securities being held to maturity

     2,728,406        297       15,131        14,833        1,785,106        14,751       23,032        8,281  

Stocks of subsidiaries and affiliates

     625,594        535,950       537,751        1,800        625,594        527,522       527,966        443  
     (in millions of yen)  
     As of March 31, 2022      As of March 31, 2021  
     Amount on
balance sheet
     Unrealized
gains (losses)
    Gains      Losses      Amount on
balance sheet
     Unrealized
gains (losses)
    Gains      Losses  

Available-for-sale securities

     55,874,928        1,904,848       2,746,330        841,482        57,463,835        2,711,253       3,055,469        344,216  

Domestic equity securities

     3,855,125        2,380,640       2,418,512        37,872        4,320,383        2,703,898       2,739,050        35,151  

Domestic bonds

     37,547,364        (42,152     85,177        127,330        38,401,935        119,605       157,408        37,803  

Other

     14,472,439        (433,638     242,640        676,279        14,741,516        (112,250     159,010        271,261  

Foreign equity securities

     165,955        18,877       40,706        21,829        61,701        14,126       14,128        1  

Foreign bonds

     9,852,226        (581,375     5,121        586,497        11,001,832        (179,648     28,372        208,020  

Other

     4,454,257        128,859       196,812        67,953        3,677,982        53,270       116,509        63,238  

 

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

 

 

     (in millions of yen)  
     As of March 31, 2022      As of March 31, 2021  
     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

     21,487,517        9,420,731       5,355,684        3,266,814        22,940,204        6,720,882       6,606,103        3,235,193  

Government bonds

     20,987,225        5,953,200       2,828,608        1,960,988        22,571,678        3,986,589       3,629,529        1,928,989  

Municipal bonds

     154,954        1,980,386       1,987,686        —          69,592        1,381,708       2,254,941        —    

Short-term corporate bonds

     —          —         —          —          —          —         —          —    

Corporate bonds

     345,337        1,487,145       539,389        1,305,825        298,932        1,352,583       721,632        1,306,203  

Other

     2,832,704        2,237,751       3,226,076        5,019,375        2,293,657        5,147,155       2,187,294        4,439,400  

Foreign equity securities

     —          12,204       —          —          —          —         —          —    

Foreign bonds

     1,663,915        1,324,385       2,529,851        4,568,726        1,766,311        3,859,156       1,647,742        3,728,622  

Other

     1,168,788        901,161       696,224        450,648        527,345        1,287,999       539,551        710,778  

Total

     24,320,221        11,658,483       8,581,760        8,286,190        25,233,861        11,868,037       8,793,397        7,674,593  

 

10


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, 2022      As of March 31, 2021  
     Amount on
balance sheet
     Unrealized
gains (losses)
    Gains      Losses      Amount on
balance sheet
     Unrealized
gains (losses)
    Gains      Losses  

Debt securities being heldto maturity

     1,770,646        10,587       10,653        66        1,259,698        (1,968     1,705        3,673  

Stocks of subsidiaries and affiliates

     68,203        4,512       4,722        210        67,814        2,389       2,760        371  
     (in millions of yen)  
     As of March 31, 2022      As of March 31, 2021  
     Amount on
balance sheet
     Unrealized
gains (losses)
    Gains      Losses      Amount on
balance sheet
     Unrealized
gains (losses)
    Gains      Losses  

Available-for-sale securities

     12,685,391        471,160       758,386        287,225        11,016,988        853,279       974,526        121,247  

Domestic equity securities

     790,399        477,909       488,348        10,439        939,291        595,246       603,069        7,823  

Domestic bonds

     2,852,749        (19,783     2,166        21,950        2,136,137        2,797       10,478        7,680  

Other

     9,042,242        13,035       267,870        254,835        7,941,559        255,235       360,979        105,743  

Foreign equity securities

     63        46       46        —          56        41       41        —    

Foreign bonds

     6,631,313        (211,307     32,230        243,537        6,262,308        166,399       218,733        52,333  

Other

     2,410,865        224,295       235,593        11,298        1,679,194        88,794       142,204        53,409  

 

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

 

 

  
     (in millions of yen)  
     As of March 31, 2022      As of March 31, 2021  
     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

     1,032,852        203,174       891,297        725,424        861,637        205,915       303,410        765,173  

Government bonds

     14,307        60,216       721,277        602,570        286,457        110,602       250,490        659,105  

Municipal bonds

     —          53,565       144,623        —          —          8,530       16,743        —    

Short-term corporate bonds

     1,010,637        —         —          —          564,097        —         —          —    

Corporate bonds

     7,908        89,392       25,396        122,854        11,082        86,782       36,176        106,068  

Other

     305,151        2,114,693       3,214,312        3,112,766        213,530        1,784,299       2,915,787        2,885,206  

Foreign equity securities

     —          —         —          —          —          —         —          —    

Foreign bonds

     304,884        1,934,510       3,145,175        3,017,388        209,512        1,672,427       2,824,901        2,815,165  

Other

     266        180,182       69,136        95,378        4,018        111,871       90,886        70,040  

Total

     1,338,004        2,317,867       4,105,610        3,838,191        1,075,168        1,990,214       3,219,197        3,650,379  

 

11


Mitsubishi UFJ Financial Group, Inc.

 

5. ROE

MUFG Consolidated

 

     (%)  
     For the fiscal year
ended
March 31, 2022
(A)
     Increase
(Decrease)
(A) - (B)
     For the fiscal year
ended
March 31, 2021
(B)
 

ROE

     7.79        2.16        5.63  

Note:

ROE is computed as follows:

 

Profits attributable to owners of parent   

 

× 100

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

 

12


Mitsubishi UFJ Financial Group, Inc.

 

6. Risk-Adjusted Capital Ratio

 

MUFG Consolidated    (in billions of yen)  
     As of
March 31, 2022
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
    As of
September 30, 2021
 

(1)   Total capital ratio (4)/(7)

     14.29     (2.02 )%      16.31     17.14

(2)   Tier 1 capital ratio (5)/(7)

     12.38     (1.57 )%      13.96     14.96

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

     11.06     (1.26 )%      12.33     13.29

(4)   Total capital

     17,858.6       (810.8     18,669.5       19,232.7  

(5)   Tier 1 capital

     15,476.2       (506.4     15,982.7       16,789.6  

(6)   Common Equity Tier 1 capital

     13,823.9       (289.8     14,113.7       14,917.0  

(7)   Risk weighted assets

     124,914.2       10,494.8       114,419.3       112,191.7  

(8)   Required Capital (7)×8%

     9,993.1       839.5       9,153.5       8,975.3  
BK Consolidated    (in billions of yen)  
     As of
March 31, 2022
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
    As of
September 30, 2021
 

(1)   Total capital ratio (4)/(7)

     12.94     (2.10 )%      15.04     15.81

(2)   Tier 1 capital ratio (5)/(7)

     11.11     (1.64 )%      12.76     13.69

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

     9.86     (1.30 )%      11.17     12.05

(4)   Total capital

     14,076.8       (553.5     14,630.4       14,915.9  

(5)   Tier 1 capital

     12,092.1       (319.1     12,411.3       12,920.8  

(6)   Common Equity Tier 1 capital

     10,728.5       (136.7     10,865.3       11,374.1  

(7)   Risk weighted assets

     108,752.8       11,513.4       97,239.3       94,314.1  

(8)   Required Capital (7)×8%

     8,700.2       921.0       7,779.1       7,545.1  
TB Consolidated    (in billions of yen)  
     As of
March 31, 2022
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
    As of
September 30, 2021
 

(1)   Total capital ratio (4)/(7)

     20.78     (1.68 )%      22.47     23.25

(2)   Tier 1 capital ratio (5)/(7)

     19.03     (0.99 )%      20.02     21.06

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

     17.31     (0.67 )%      17.99     19.03

(4)   Total capital

     1,969.2       (130.3     2,099.6       2,175.0  

(5)   Tier 1 capital

     1,803.3       (67.6     1,870.9       1,970.3  

(6)   Common Equity Tier 1 capital

     1,640.4       (40.6     1,681.1       1,780.4  

(7)   Risk weighted assets

     9,475.9       131.8       9,344.0       9,352.0  

(8)   Required Capital (7)×8%

     758.0       10.5       747.5       748.1  
BK Non-consolidated    (in billions of yen)  
     As of
March 31, 2022
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
    As of
September 30, 2021
 

(1)   Total capital ratio (4)/(7)

     11.91     (2.68 )%      14.60     15.32

(2)   Tier 1 capital ratio (5)/(7)

     10.20     (2.21 )%      12.42     13.31

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

     8.81     (1.84 )%      10.66     11.47

(4)   Total capital

     11,167.5       (1,191.9     12,359.4       12,341.7  

(5)   Tier 1 capital

     9,565.7       (946.6     10,512.4       10,723.4  

(6)   Common Equity Tier 1 capital

     8,261.6       (763.6     9,025.2       9,236.3  

(7)   Risk weighted assets

     93,729.3       9,096.4       84,632.8       80,521.8  

(8)   Required Capital (7)×8%

     7,498.3       727.7       6,770.6       6,441.7  
TB Non-consolidated    (in billions of yen)  
     As of
March 31, 2022
Preliminary (A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
    As of
September 30, 2021
 

(1)   Total capital ratio (4)/(7)

     19.97     (1.93 )%      21.91     22.48

(2)   Tier 1 capital ratio (5)/(7)

     18.42     (1.31 )%      19.73     20.54

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

     16.89     (1.03 )%      17.92     18.73

(4)   Total capital

     2,122.8       (171.8     2,294.6       2,360.7  

(5)   Tier 1 capital

     1,957.3       (109.1     2,066.4       2,156.5  

(6)   Common Equity Tier 1 capital

     1,794.8       (82.1     1,876.9       1,967.0  

(7)   Risk weighted assets

     10,625.3       155.7       10,469.5       10,497.1  

(8)   Required Capital (7)×8%

     850.0       12.4       837.5       839.7  

 

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.

 

13


Mitsubishi UFJ Financial Group, Inc.

 

7. Loans to Be Disclosed under the Banking Act and the Financial Reconstruction Act (the “FRA”)

MUFG Consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)

 

     (in millions of yen)  
     As of
March 31, 2022
    As of
March 31, 2021
    Increase
(Decrease)
 

Bankrupt or De facto Bankrupt

     252,148       289,615       (37,467

Doubtful

     799,214       627,797       171,417  

Special Attention

     420,453       446,504       (26,050

Accruing loans contractually past due 3 months or more

     12,104       23,657       (11,552

Restructured loans

     408,348       422,846       (14,497

Subtotal (A)

     1,471,816       1,363,917       107,899  

Normal (B)

     122,326,614       117,264,113       5,062,500  

Total loans (C=A+B)

     123,798,430       118,628,030          5,170,399  

Non-performing loans ratio (A)/(C)

     1.18     1.14     0.03

Write-offs

     246,542       298,281       (51,738

The definitions relating to “risk-monitored loans” previously disclosed under the Banking Act have been revised to make them consist with the definitions relating to “non-performing loans” to be disclosed under the FRA.

Accordingly, the “Loans to Be Disclosed under the Banking Act and the FRA” as of March 31, 2022 are disclosed herein in accordance with such definitions. The information as of March 31, 2021 has been retroactively restated based on the revised definitions.

(2) Allowance for Credit Losses

 

     (in millions of yen)  
     As of
March 31, 2022
     Coverage ratio
(D)/(A)
    As of
March 31, 2021
     Coverage ratio
(D)/(A)
    Increase
(Decrease)
    Coverage ratio
(D)/(A)
 

Allowance for credit losses (D)

     1,222,162        83.03     1,105,541        81.05     116,620       1.98

General allowance for credit losses

     736,701          804,942          (68,240  

Specific allowance for credit losses

     448,107          300,049          148,057    

Allowance for credit to specific foreign borrowers

     37,353          549          36,804    

 

(3) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

 

Classified by Geographic Area    (in millions of yen)  
     As of
March 31, 2022
     As of
March 31, 2021
     Increase
(Decrease)
 

Domestic

     866,668        692,580        174,088  

Overseas

     605,147        671,336        (66,189

Asia

     302,941        305,836        (2,895

Indonesia

     40,628        53,343        (12,715

Singapore

     39,672        44,116        (4,444

Thailand

     164,128        156,875        7,253  

Hong Kong

     —          832        (832

Other

     58,512        50,668        7,843  

Americas

     178,132        226,740        (48,607

Europe, Middle East and Other

     124,073        138,759        (14,685
  

 

 

    

 

 

    

 

 

 

Total

           1,471,816              1,363,917                  107,899  
  

 

 

    

 

 

    

 

 

 
Classified by Industry    (in millions of yen)  
     As of
March 31, 2022
     As of
March 31, 2021
     Increase
(Decrease)
 

Domestic

     866,668        692,580        174,088  

Manufacturing

     258,373        111,509        146,864  

Construction

     7,942        7,940        2  

Wholesale and retail

     128,476        107,860        20,615  

Finance and insurance

     7,546        4,541        3,004  

Real estate, goods rental and leasing

     43,774        52,102        (8,328

Services

     134,754        84,154        50,599  

Other industries

     18,285        19,277        (991

Consumer

     267,515        305,194        (37,678

Overseas

     605,147        671,336        (66,189

Financial institutions

     10,394        10,914        (520

Commercial and industrial

     479,990        549,132        (69,141

Other

     114,762        111,289        3,473  
  

 

 

    

 

 

    

 

 

 

Total

     1,471,816        1,363,917        107,899  
  

 

 

    

 

 

    

 

 

 

 

14


Mitsubishi UFJ Financial Group, Inc.

 

BK and TB Combined including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)

 

     (in millions of yen)  
     As of
March 31, 2022
    As of
March 31, 2021
    Increase
(Decrease)
 

Bankrupt or De facto Bankrupt

     105,939       147,818       (41,879

Doubtful

     602,884       416,668       186,215  

Special Attention

     282,145       293,879       (11,734

Accruing loans contractually past due 3 months or more

     5,601       14,246       (8,645

Restructured loans

     276,544       279,632       (3,088

Subtotal (A)

     990,968       858,366       132,602  

Normal(B)

     102,429,934       99,534,250       2,895,683  

Total loans (C=A+B)

     103,420,902       100,392,617       3,028,285  

Non-performing loans ratio (A)/(C)

     0.95     0.85     0.10

Write-offs

     206,093       250,687       (44,593

The definitions relating to “risk-monitored loans” previously disclosed under the Banking Act have been revised to make them consist with the definitions relating to “non-performing loans” to be disclosed under the FRA.

Accordingly, the “Loans to Be Disclosed under the Banking Act and the FRA” as of March 31, 2022 are disclosed herein in accordance with such definitions.

The information as of March 31, 2021 has been retroactively restated based on the revised definitions.

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

 

     (in millions of yen)  
     As of
March 31, 2022
     Coverage ratio
[(D)+(E)]/(A)
    As of
March 31, 2021
     Coverage ratio
[(D)+(E)]/(A)
    Increase
(Decrease)
    Coverage ratio
[(D)+(E)]/(A)
 

Covered amount

     762,202        76.91     682,952        79.56     79,249       (2.64 )% 

Allowance for credit losses(D)

     357,001          211,330          145,670    

Collateral, guarantees, etc.(E)

     405,201          471,622          (66,420  

(3) Coverage Ratio

 

     (in millions of yen)  

Category

   Loan amount
(A)
    Allowance for
credit losses
(D)
    Covered by
collateral and/
or guarantees
(E)
    Allowance coverage
ratio for unsecured
portion

(D) / [(A) - (E)]
    Coverage ratio
[(D)+(E)]/(A)
 

Bankrupt or De facto Bankrupt

     105,939       11,885       94,053             100.00
     [147,818     [20,058     [127,759     [—     [100.00 %] 

Doubtful

     602,884       275,683       223,749             82.84
     [416,668     [121,299     [212,592     [—     [80.13 %] 

Special Attention

     282,145       69,432       87,397             55.58
     [293,879     [69,971     [131,270     [—     [68.47 %] 

Total

     990,968       357,001       405,201             76.91
     [858,366     [211,330     [471,622     [—     [79.56 %] 

Note: The upper figures are as of March 31, 2022. The lower figures in brackets are as of March 31, 2021.

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

 

Classified by Geographic Area    (in millions of yen)  
     As of
March 31, 2022
     As of
March 31, 2021
     Increase
(Decrease)
 

Domestic

     689,877        514,667        175,210  

Overseas

     301,091        343,699        (42,607

Asia

     100,863        101,889        (1,025

Indonesia

     2,823        6,350        (3,527

Singapore

     39,672        44,116        (4,444

Thailand

     —          —          —    

Hong Kong

     —          832        (832

Other

     58,368        50,590        7,778  

Americas

     96,239        124,766        (28,526

Europe, Middle East and Other

     103,987        117,043        (13,056
  

 

 

    

 

 

    

 

 

 

Total

           990,968              858,366              132,602  
  

 

 

    

 

 

    

 

 

 

 

Classified by Industry    (in millions of yen)  
     As of
March 31, 2022
     As of
March 31, 2021
     Increase
(Decrease)
 

Domestic

     689,877        514,667        175,210  

Manufacturing

     257,609        110,710        146,898  

Construction

     7,893        7,857        36  

Wholesale and retail

     127,043        106,348        20,695  

Finance and insurance

     7,524        4,518        3,005  

Real estate

     29,981        27,996        1,984  

Goods rental and leasing

     13,772        24,025        (10,252

Services

     134,708        84,135        50,573  

Other industries

     18,041        19,126        (1,085

Consumer

     93,301        129,947        (36,645

Overseas

     301,091        343,699        (42,607

Financial institutions

     —          2,820        (2,820

Commercial and industrial

     300,913        340,659        (39,745

Other

     177        219        (42
  

 

 

    

 

 

    

 

 

 

Total

           990,968              858,366              132,602  
  

 

 

    

 

 

    

 

 

 

 

15


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)

 

     (in millions of yen)  
     As of
March 31, 2022
    As of
March 31, 2021
    Increase
(Decrease)
 

Bankrupt or De facto Bankrupt

     105,796       147,768       (41,971

Doubtful

     601,264       414,688       186,576  

Special Attention

     282,145       293,879       (11,734

Accruing loans contractually past due 3 months or more

     5,601       14,246       (8,645

Restructured loans

     276,544       279,632       (3,088

Subtotal (A)

     989,206       856,336       132,869  

Normal(B)

     99,472,730       96,093,176       3,379,553  

Total loans (C=A+B)

     100,461,936       96,949,512       3,512,423  

Non-performing loans ratio (A)/(C)

     0.98     0.88     0.10

Write-offs

     206,061       250,633       (44,572

The definitions relating to “risk-monitored loans” previously disclosed under the Banking Act have been revised to make them consist with the definitions relating to “non-performing loans” to be disclosed under the FRA.

Accordingly, the “Loans to Be Disclosed under the Banking Act and the FRA” as of March 31, 2022 are disclosed herein in accordance with such definitions.

The information as of March 31, 2021 has been retroactively restated based on the revised definitions.

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

 

     (in millions of yen)  
     As of
March 31, 2022
     Coverage ratio
[(D)+(E)]/(A)
    As of
March 31, 2021
     Coverage ratio
[(D)+(E)]/(A)
    Increase
(Decrease)
    Coverage ratio
[(D)+(E)]/(A)
 

Covered amount

     760,440        76.87     680,922        79.51     79,517       (2.64 )% 

Allowance for credit losses(D)

     357,001          211,330          145,670    

Collateral, guarantees, etc.(E)

     403,438          469,591          (66,153  

(3) Coverage Ratio

     (in millions of yen)  

Category

   Loan amount
(A)
    Allowance for
credit losses
(D)
    Covered by
collateral and/
or guarantees
(E)
    Allowance coverage
ratio for unsecured
portion

(D) / [(A) - (E)]
    Coverage ratio
[(D)+(E)]/(A)
 

Bankrupt or De facto Bankrupt

     105,796     11,885       93,911       100.00     100.00
     [147,768     [20,058     [127,709     [100.00 %]      [100.00 %] 

Doubtful

     601,264       275,683       222,129       72.71     82.79
     [414,688     [121,299     [210,611     [59.43 %]      [80.03 %] 

Special Attention

     282,145       69,432       87,397       35.65     55.58
     [293,879     [69,971     [131,270     [43.03 %]      [68.47 %] 

Total

     989,206       357,001       403,438       60.94     76.87
     [856,336     [211,330     [469,591     [54.64 %]      [79.51 %] 

Note: The upper figures are as of March 31, 2022. The lower figures in brackets are as of March 31, 2021.

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

 

Classified by Geographic Area    (in millions of yen)  
     As of
March 31, 2022
     As of
March 31, 2021
     Increase
(Decrease)
 

Domestic

     688,114        512,636        175,477  

Overseas

     301,091        343,699        (42,607

Asia

     100,863        101,889        (1,025

Indonesia

     2,823        6,350        (3,527

Singapore

     39,672        44,116        (4,444

Thailand

     —          —          —    

Hong Kong

     —          832        (832

Other

     58,368        50,590        7,778  

Americas

     96,239        124,766        (28,526

Europe, Middle East and Other

     103,987        117,043        (13,056
  

 

 

    

 

 

    

 

 

 

Total

           989,206              856,336              132,869  
  

 

 

    

 

 

    

 

 

 

 

Classified by Industry    (in millions of yen)  
     As of
March 31, 2022
     As of
March 31, 2021
     Increase
(Decrease)
 

Domestic

     688,114        512,636        175,477  

Manufacturing

     257,609        110,710        146,898  

Construction

     7,893        7,857        36  

Wholesale and retail

     127,043        106,348        20,695  

Finance and insurance

     7,524        4,518        3,005  

Real estate

     29,971        27,985        1,986  

Goods rental and leasing

     13,772        24,025        (10,252

Services

     134,708        84,135        50,573  

Other industries

     18,041        19,126        (1,085

Consumer

     91,548        127,927        (36,378

Overseas

     301,091        343,699        (42,607

Financial institutions

     —          2,820        (2,820

Commercial and industrial

     300,913        340,659        (39,745

Other

     177        219        (42
  

 

 

    

 

 

    

 

 

 

Total

           989,206              856,336              132,869  
  

 

 

    

 

 

    

 

 

 

 

16


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)

 

     (in millions of yen)  
     As of
March 31, 2022
    As of
March 31, 2021
    Increase
(Decrease)
 

Bankrupt or De facto Bankrupt

     142       50       92  

Doubtful

     1,618       1,978       (359

Special Attention

     —         —         —    

Accruing loans contractually past due 3 months or more

     —         —         —    

Restructured loans

     —         —         —    

Subtotal (A)

     1,761       2,028       (267

Normal(B)

     2,952,474       3,435,024       (482,549

Total loans (C=A+B)

     2,954,236       3,437,052       (482,816

Non-performing loans ratio (A)/(C)

     0.05     0.05     0.00

Write-offs

     32       53       (20

The definitions relating to “risk-monitored loans” previously disclosed under the Banking Act have been revised to make them consist with the definitions relating to “non-performing loans” to be disclosed under the FRA.

Accordingly, the “Loans to Be Disclosed under the Banking Act and the FRA” as of March 31, 2022 are disclosed herein in accordance with such definitions.

The information as of March 31, 2021 has been retroactively restated based on the revised definitions.

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

 

     (in millions of yen)  
     As of
March 31, 2022
     Coverage ratio
[(D)+(E)]/(A)
    As of
March 31, 2021
     Coverage ratio
[(D)+(E)]/(A)
    Increase
(Decrease)
    Coverage ratio
[(D)+(E)]/(A)
 

Covered amount

     1,761        100.00     2,028        100.00     (267     —    

Allowance for credit losses(D)

     —            —            —      

Collateral, guarantees, etc.(E)

     1,761          2,028          (267  
              

(3) Coverage Ratio

 

     (in millions of yen)  

Category

   Loan amount
(A)
    Allowance for
credit losses
(D)
    Covered by
collateral and/

or guarantees
(E)
    Allowance coverage
ratio for unsecured
portion

(D) / [(A) - (E)]
    Coverage ratio
[(D)+(E)]/(A)
 

Bankrupt or De facto Bankrupt

     142             142             100.00
     [50     [—     [ 50     [—     [100.00 %] 

Doubtful

     1,618             1,618             100.00
     [1,978     [—     [1,978     [—     [100.00 %] 

Special Attention

                              
     [—     [—     [—     [—     [—

Total

     1,761             1,761             100.00
     [2,028     [—     [2,028     [—     [100.00 %] 

Note: The upper figures are as of March 31, 2022. The lower figures in brackets are as of March 31, 2021.

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

 

Classified by Geographic Area    (in millions of yen)  
     As of
March 31, 2022
     As of
March 31, 2021
     Increase
(Decrease)
 

Domestic

     1,761        2,028        (267

Overseas

     —          —          —    

Asia

     —          —          —    

Indonesia

     —          —          —    

Singapore

     —          —          —    

Thailand

     —          —          —    

Hong Kong

     —          —          —    

Other

     —          —          —    

Americas

     —          —          —    

Europe, Middle East and Other

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Total

               1,761                  2,028                    (267
  

 

 

    

 

 

    

 

 

 
Classified by Industry    (in millions of yen)  
     As of
March 31, 2022
     As of
March 31, 2021
     Increase
(Decrease)
 

Domestic

     1,761        2,028        (267

Manufacturing

     —          —          —    

Construction

     —          —          —    

Wholesale and retail

     —          —          —    

Finance and insurance

     —          —          —    

Real estate

     9        10        (1

Goods rental and leasing

     —          —          —    

Services

     —          —          —    

Other industries

     —          —          —    

Consumer

     1,751        2,017        (265

Overseas

     —          —          —    

Financial institutions

     —          —          —    

Commercial and industrial

     —          —          —    

Other

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Total

     1,761        2,028        (267
  

 

 

    

 

 

    

 

 

 

 

17


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated: Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Loans to Be Disclosed under the Banking Act and the FRA (after write-offs)

 

     (in millions of yen)  
     As of
March 31, 2022
    As of
March 31, 2021
    Increase
(Decrease)
 

Bankrupt or De facto Bankrupt

     —         —         —    

Doubtful

     1       2       (0

Special Attention

     —         —         —    

Accruing loans contractually past due 3 months or more

     —         —         —    

Restructured loans

     —         —         —    

Subtotal (A)

     1       2       (0

Normal(B)

            4,728              6,049           (1,320

Total loans (C=A+B)

     4,730       6,051       (1,321

Non-performing loans ratio (A)/(C)

     0.03     0.03     (0.00 )% 

Write-offs

     —         —         —    

The definitions relating to “risk-monitored loans” previously disclosed under the Banking Act have been revised to make them consist with the definitions relating to “non-performing loans” to be disclosed under the FRA.

Accordingly, the “Loans to Be Disclosed under the Banking Act and the FRA” as of March 31, 2022 are disclosed herein in accordance with such definitions.

The information as of March 31, 2021 has been retroactively restated based on the revised definitions.

(2) Status of Coverage of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

 

     (in millions of yen)  
     As of
March 31, 2022
     Coverage ratio
[(D)+(E)]/(A)
    As of
March 31, 2021
     Coverage ratio
[(D)+(E)]/(A)
    Increase
(Decrease)
    Coverage ratio
[(D)+(E)]/(A)
 

Covered amount

     1        100.00     2        100.00     (0     —    

Allowance for credit losses(D)

     —            —            —      

Collateral, guarantees, etc.(E)

     1          2          (0  

(3) Coverage Ratio

 

     (in millions of yen)  

Category

   Loan amount
(A)
    Allowance for
credit losses
(D)
    Covered by
collateral and/

or guarantees
(E)
    Allowance coverage
ratio for unsecured
portion

(D) / [(A) - (E)]
    Coverage ratio
[(D)+(E)]/(A)
 

Bankrupt or De facto Bankrupt

                              
     [—     [—     [—     [—     [—

Doubtful

     1             1             100.00
     [ 2      [—     [ 2      [—     [ 100.00  %] 

Special Attention

                              
     [—     [—     [—     [—     [—

Total

     1             1             100.00
     [ 2      [—     [ 2      [—     [ 100.00  %] 

Note: The upper figures are as of March 31, 2022. The lower figures in brackets are as of March 31, 2021.

(4) Classification of Loans to Be Disclosed under the Banking Act and the FRA (excluding Normal Loans)

 

Classified by Industry    (in millions of yen)  
     As of
March 31, 2022
     As of
March 31, 2021
     Increase
(Decrease)
 

Domestic

     1        2        (0

Manufacturing

     —          —          —    

Construction

     —          —          —    

Wholesale and retail

     —          —          —    

Finance and insurance

     —          —          —    

Real estate

     —          —          —    

Goods rental and leasing

     —          —          —    

Services

     —          —          —    

Other industries

     —          —          —    

Consumer

     1        2        (0
  

 

 

    

 

 

    

 

 

 

Total

                      1                         2                        (0
  

 

 

    

 

 

    

 

 

 

 

18


Mitsubishi UFJ Financial Group, Inc.

 

Overview of Self-Assessment, Status of Coverage, and Loans to Be Disclosed under the Banking Act and the FRA

BK and TB Combined

 

(in billions of yen)
                                      
Self-Assessment       

Allowance Coverage
ratio for unsecured

portion

           

 

Loans to Be Disclosed        
under the Banking Act         

and the FRA        

(*1)        

 

Category of
Borrowers

  Classification
  Non-
Classification 
  Classification 
II
  Classification 
III
  Classification 
IV
                       
                 

 

Bankrupt
Borrowers

 

  [94.0]   [11.2]  

 

[0.5]

 

(*2)

     

 

100.00%

         

i) Bankrupt or     De facto Bankrupt    

 

[105.9]    

 

Substantially
Bankrupt
Borrowers

 

                 

 

Potentially
Bankrupt
Borrowers

 

  [223.7]   [379.1]           72.71%          

ii) Doubtful    

 

[602.8]    

               
Borrowers
Requiring
Caution
(Special
Attention
Borrowers)
 

[282.1]

 

         

35.65%

 

       

 

iii) Special Attention  

 

[282.1]   

         

 

Accruing loans  

contractually past due  

3 months or more  

 

[5.6]  

                             

 

Restructured loans  

 

[276.5]  

                                        
       

Borrowers
Requiring
Caution
(Other
Borrowers)

 

                     

iv) Normal    

 

[102,425.2]     

 

 

 

Normal
Borrowers

 

                 
 
                  Non-Performing Loans
                  i) + ii) + iii)
                  990.9
                  Loans to Be Disclosed under the Banking Act and the FRA
                  i) + ii) + iii) + iv)
                 

103,416.1

 

(*1)

The definitions relating to “risk-monitored loans” previously disclosed under the Banking Act have been revised to make them consist with the definitions relating to “non-performing loans” to be disclosed under the FRA.

Accordingly, the “Loans to Be Disclosed under the Banking Act and the FRA” as of March 31, 2022 are disclosed herein in accordance with such definitions.

(*2)

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

 

19


Mitsubishi UFJ Financial Group, Inc.

 

8. Progress in Disposition of Problem Assets

BK Non-consolidated

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

 

     (in millions of yen)  
     As of
March 31, 2019
     As of
March 31, 2020
     As of
March 31, 2021

(A)
     As of
March 31, 2022

(B)
     (B) - (A)  

Assets newly categorized during fiscal 2018

     178,183        27,831        20,519        13,826        (6,692

Assets newly categorized during fiscal 2019

        196,249        107,696        60,536        (47,159

Assets newly categorized during fiscal 2020

           274,842        182,845        (91,996

Assets newly categorized during fiscal 2021

              321,978     

(2) Progress in Disposition of Problem Assets    

 

     (in millions of yen)  
     For the Fiscal Year Ended March 31, 2022  
            Bankrupt or
De facto Bankrupt
     Doubtful  

Liquidation

     5,478        

Reconstructive treatment

     29,365        

Upgrade due to reconstructive treatment

     7,111        

Loan sold to secondary market

     4,986        

Write-offs

     22,477        

Others

     107,953        

Collection / Repayment

     69,453        

Upgrade

     38,499        
  

 

 

    

 

 

    

 

 

 

Total

     177,374        45,789        131,584  
  

 

 

    

 

 

    

 

 

 

Amount in process for disposition

     101,586        

 

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.

 

20


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 “FRA”

 

     (in millions of yen)  
     As of
March 31, 2019
     As of
March 31, 2020
     As of
March 31, 2021

(A)
     As of
March 31, 2022

(B)
     (B) - (A)  

Assets newly categorized during fiscal 2018

         1,067               381        80        51        (28

Assets newly categorized during fiscal 2019

        841               359               138            (220

Assets newly categorized during fiscal 2020

           706        272        (434

Assets newly categorized during fiscal 2021

              635     

(2) Progress in Disposition of Problem Assets

 

     (in millions of yen)  
     For the Fiscal Year Ended March 31, 2022  
           Bankrupt or
De facto Bankrupt
     Doubtful  

Liquidation

     —         

Reconstructive treatment

     —         

Upgrade due to reconstructive treatment

     —         

Loan sold to secondary market

     —         

Write-offs

     —         

Others

     1,093       

Collection / Repayment

     360       

Upgrade

     733       
  

 

 

   

 

 

    

 

 

 

Total

     1,093              19          1,074  
  

 

 

   

 

 

    

 

 

 

Amount in process for disposition

            198       
  

 

 

      

 

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.

 

21


Mitsubishi UFJ Financial Group, Inc.

 

9.

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, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     69,159,490       (116,946     69,276,436  

Manufacturing

     11,418,456       (593,122     12,011,578  

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

     183,260       10,953       172,307  

Construction

     727,522       (4,960     732,482  

Utilities

     2,274,838       167,444       2,107,394  

Communication and information services

     1,209,481       13,677       1,195,804  

Transport and postal activities

     2,299,999       (164,912     2,464,911  

Wholesale and retail

     6,801,725       126,443       6,675,282  

Finance and insurance

     8,929,705       137,858       8,791,847  

Real estate

     9,303,121       363,957       8,939,164  

Goods rental and leasing

     2,179,558       (4,843     2,184,401  

Services

     2,961,506       (145,746     3,107,252  

Municipal government

     1,397,368       251,113       1,146,255  

Other industries (including loans to the Japanese government)

     19,472,945       (274,810     19,747,755  

Overseas offices and loans booked at offshore markets

     25,118,069       2,244,227       22,873,842  
  

 

 

   

 

 

   

 

 

 

Total

     94,277,559       2,127,280       92,150,278  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

 

     (in millions of yen)  
     As of
March 31, 2022

(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Total domestic consumer loans

     15,762,755       65,720       15,697,035  

Housing loans

     15,071,003       87,387       14,983,615  

Residential purpose

     13,301,666       145,925       13,155,741  

Other

     691,752       (21,667     713,419  

 

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

 

 

     (in millions of yen)  
     As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Outstanding amount

     40,470,470       792,316       39,678,154  

% to total domestic loans

     58.51     1.24 %       57.27

 

22


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Domestic offices (excluding loans booked at offshore markets)

     65,903,041       (132,231     66,035,273  

Manufacturing

     11,417,056       (593,122     12,010,178  

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

     183,260       10,953       172,307  

Construction

     727,522       (4,960     732,482  

Utilities

     2,224,838       162,444       2,062,394  

Communication and information services

     1,199,525       13,688       1,185,837  

Transport and postal activities

     2,279,999       (164,912     2,444,911  

Wholesale and retail

     6,801,725       126,443       6,675,282  

Finance and insurance

     7,828,807       (109,888     7,938,695  

Real estate

     9,301,484       364,801       8,936,683  

Goods rental and leasing

     2,179,558       (4,843     2,184,401  

Services

     2,931,440       (174,817     3,106,257  

Municipal government

     1,397,047       251,142       1,145,905  

Other industries (including loans to the Japanese government)

     17,430,780       (9,161     17,439,941  

Overseas offices and loans booked at offshore markets

     24,518,193       2,106,429       22,411,763  
  

 

 

   

 

 

   

 

 

 

Total

     90,421,234       1,974,198       88,447,036  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Total domestic consumer loans

     14,962,292       157,182       14,805,109  

Housing loans

     14,271,845       178,405       14,093,440  

Residential purpose

     12,503,035       236,663       12,266,372  

Other

     690,446       (21,223     711,669  

 

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

 

 

     (in millions of yen)  
     As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Outstanding amount

     39,135,616       943,620       38,191,996  

% to total domestic loans

     59.38     1.54 %       57.83

 

23


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Loans Classified by Type of Industry

 

     (in millions of yen)  
     As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Domestic offices (excluding loans booked at offshore markets)

       2,136,030       (691,698       2,827,728  

Manufacturing

     —         —         —    

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

     —         —         —    

Construction

     —         —         —    

Utilities

     5,000       5,000       —    

Communication and information services

     9,956       (11     9,967  

Transport and postal activities

     —         —         —    

Wholesale and retail

     —         —         —    

Finance and insurance

     363,958       (429,283     793,241  

Real estate

     705       (187     892  

Goods rental and leasing

     —         —         —    

Services

     30,066       29,071       995  

Municipal government

     —         —         —    

Other industries (including loans to the Japanese government)

     1,726,343       (296,288     2,022,631  

Overseas offices and loans booked at offshore markets

     599,876          137,797       462,078  
  

 

 

   

 

 

   

 

 

 

Total

     2,735,906       (553,900     3,289,807  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Total domestic consumer loans

     796,980       (90,737     887,718  

Housing loans

     795,675       (90,295     885,970  

Residential purpose

     795,170       (90,145     885,316  

Other

     1,304       (442     1,747  

 

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

 

      
     (in millions of yen)  
     As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Outstanding amount

     1,069,511       (159,293     1,228,804  

% to total domestic loans

     50.07     6.61 %       43.45

 

24


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, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Domestic offices (excluding loans booked at offshore markets)

       1,120,418          706,982            413,435  

Manufacturing

     1,400       —         1,400  

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

     736,940       677,029       59,911  

Real estate

     932       (657     1,589  

Goods rental and leasing

     —         —         —    

Services

     —         —         —    

Municipal government

     321       (29     350  

Other industries (including loans to the Japanese government)

     315,822       30,639       285,183  

Overseas offices and loans booked at offshore markets

     —         —         —    
  

 

 

   

 

 

   

 

 

 

Total

     1,120,418       706,982       413,435  
  

 

 

   

 

 

   

 

 

 

 

(2) Domestic Consumer Loans

 

      
     (in millions of yen)  
     As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Total domestic consumer loans

     3,482       (724     4,207  

Housing loans

     3,481       (722     4,204  

Residential purpose

     3,460       (592     4,052  

Other

     0       (1     2  

 

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

 

      
     (in millions of yen)  
     As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Outstanding amount

     265,343       7,989       257,354  

% to total domestic loans

     23.68     (38.56 )%      62.24

 

25


Mitsubishi UFJ Financial Group, Inc.

 

10. Overseas Loans

BK Consolidated excl. MUAH, KS, BDI

 

     (in millions of yen)  
     As of
March 31, 2022
(A)
     Increase
(Decrease)
(A) - (B)
     As of
March 31, 2021
(B)
 

Americas

     9,208,328          1,362,710            7,845,617  

United States of America

     7,357,205        1,270,322        6,086,883  

Canada

     761,719        22,909        738,809  

Brazil

     440,095        44,398        395,697  

Mexico

     299,366        (17,967      317,334  

Others

     349,941        43,048        306,893  

Asia/Oceania

     11,279,844        1,038,499        10,241,345  

Hong Kong

     2,109,534        10,525        2,099,009  

China

     1,887,865        398,661        1,489,203  

Singapore

     1,674,493        239,124        1,435,368  

Australia

     1,281,274        20,650        1,260,623  

India

     787,206        106,639        680,567  

Taiwan

     748,815        122,831        625,984  

Indonesia

     735,081        37,291        697,789  

Malaysia

     632,112        22,896        609,215  

New Zealand

     358,858        40,381        318,477  

Korea

     346,412        (15,179      361,592  

Viet Nam

     301,625        48,211        253,414  

Others

     416,564        6,465        410,098  

EMEA

     7,646,693        352,594        7,294,099  

United Kingdom

     2,085,310        75,790        2,009,520  

Netherlands

     813,643        54,454        759,189  

Germany

     587,392        85,277        502,115  

Saudi Arabia

     422,776        (103,568      526,345  

Luxembourg

     408,904        242,274        166,630  

France

     389,076        17,635        371,440  

Switzerland

     287,690        52,607        235,082  

Ireland

     265,035        (40,316      305,351  

Turkey

     194,303        27,200        167,103  

United Arab Emirates

     170,518        (75,490      246,009  

Italy

     161,403        (12,136      173,539  

Belgium

     159,175        (18,963      178,139  

Russia

     157,063        3,415        153,648  

Qatar

     136,666        (166,539      303,206  

Spain

     89,994        (13,393      103,387  

Oman

     88,155        (4,125      92,281  

Kuwait

     77,871        34,903        42,967  

Others

     1,151,709        193,569        958,139  
  

 

 

    

 

 

    

 

 

 

Total

     28,134,866        2,753,804        25,381,062  
  

 

 

    

 

 

    

 

 

 

 

Note:

MUAH, KS and BDI have the following loan balances in the consolidated financial statements.

 

     (in millions of yen)  
     As of
March 31, 2022
(A)
     Increase
(Decrease)
(A) - (B)
     As of
March 31, 2021
(B)
 

MUAH

       9,102,626             741,183             8,361,443  

KS

     4,915,963        245,785        4,670,177  

BDI

     918,722        33,545        885,176  

 

26


Mitsubishi UFJ Financial Group, Inc.

 

11. Loans and Deposits

BK and TB Combined

 

     (in millions of yen)  
     As of
March 31, 2022

(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Deposits (ending balance)

     194,249,280          1,136,135       193,113,145  

Deposits (average balance)

     195,540,350        9,711,295       185,829,055  

Loans (ending balance)

     93,157,141        1,420,297       91,736,843  

Loans (average balance)

     91,880,995        (3,527,992     95,408,988  
BK Non-consolidated

 

     (in millions of yen)  
     As of
March 31, 2022

(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Deposits (ending balance)

     183,356,877        1,116,947       182,239,930  

Deposits (average balance)

     184,598,552        9,908,326       174,690,226  

Loans (ending balance)

     90,421,234        1,974,198       88,447,036  

Loans (average balance)

     89,038,475        (2,658,744     91,697,219  
TB Non-consolidated

 

     (in millions of yen)  
     As of
March 31, 2022

(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Deposits (ending balance)

     10,892,403        19,187       10,873,215  

Deposits (average balance)

     10,941,798        (197,030     11,138,829  

Loans (ending balance)

     2,735,906        (553,900     3,289,807  

Loans (average balance)

     2,842,520        (869,248     3,711,769  

 

27


Mitsubishi UFJ Financial Group, Inc.

 

12. Domestic Deposits

BK and TB Combined

 

     (in millions of yen)  
     As of
March 31, 2022
(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Individuals

     88,268,890          3,420,304       84,848,585  

Corporations and others

     80,013,348        (954,682     80,968,030  

Domestic deposits

     168,282,238        2,465,622       165,816,616  

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

BK Non-consolidated

 

     (in millions of yen)  
     As of
March 31, 2022
(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Individuals

     82,053,180        3,775,657       78,277,523  

Corporations and others

     76,881,238        (1,122,148     78,003,387  

Domestic deposits

     158,934,418          2,653,508       156,280,910  

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

TB Non-consolidated

 

     (in millions of yen)  
     As of
March 31, 2022
(A)
     Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Individuals

     6,215,710        (355,352     6,571,062  

Corporations and others

     3,132,109             167,466       2,964,643  

Domestic deposits

         9,347,819        (187,886         9,535,706  

 

Note:

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

 

28


Mitsubishi UFJ Financial Group, Inc.

 

13. 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, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Deferred tax assets

     691.1       178.0       513.1  

Allowance for credit losses

     251.8       52.2       199.5  

Write-down on investment securities

     380.5       (0.7     381.2  

Unrealized losses on Available-for-sale securities

     24.1       20.3       3.7  

Reserve for retirement benefits

     86.4       (5.8     92.3  

Reserve for contingent losses

     26.8       6.7       20.0  

Depreciation and Impairment losses

     79.5       35.0       44.5  

Devaluation on land upon merger

     23.0       (2.0     25.1  

Net deferred losses on hedging instruments

     58.5       58.5       —    

Other

     165.5       3.2       162.3  

Valuation allowance

     (405.3     10.4       (415.8

Deferred tax liabilities

     653.9       (314.4     968.4  

Unrealized gains on Available-for-sale securities

     488.1       (256.7     744.8  

Net deferred gains on hedging instruments

     —         (73.6     73.6  

Revaluation gains on securities upon merger

     49.3       (3.2     52.5  

Gains on securities contributed to employees’ retirement benefits trust

     45.2       (0.2     45.4  

Other

     71.2       19.4       51.8  

Net deferred tax assets

     37.2       492.4       (455.2

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

 

     (in billions of yen)  
       FY2016         FY2017         FY2018         FY2019         FY2020         FY2021    

Net operating profits before provision for general allowance for credit losses

     666.9       554.3       388.4       395.2       388.0       374.4  

Total credit costs

     (25.4     56.0       128.5       11.8       (223.3     (234.0

Income before income taxes

     632.2       580.0       767.2       (535.9     205.5       286.1  

Reconciliation to taxable income

     (86.2     (156.0     (500.2     844.6       98.5       353.6  

Taxable income

     546.0       424.0       267.0       308.7       304.1       639.8  

(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.

 

29


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, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Deferred tax assets

     57.5       (9.4     67.0  

Gains on securities related to employees’ retirement benefits trust

     34.5       1.7       32.8  

Depreciation and Impairment losses

     10.3       1.2       9.1  

Write-down on investment securities

     9.2       (0.0     9.2  

Reserve for contingent losses

     4.2       (0.2     4.5  

Net deferred losses on hedging instruments

     —         (19.4     19.4  

Other

     25.7       5.5       20.1  

Valuation allowance

     (26.5     1.8       (28.3

Deferred tax liabilities

     258.3       (82.6     340.9  

Unrealized gains on Available-for-sale securities

     136.2       (111.8     248.0  

Reserve for retirement benefits

     91.9       9.1       82.8  

Net deferred gains on hedging instruments

     18.5       18.5       —    

Other

     11.5       1.4       10.1  

Net deferred tax assets

     (200.8     73.1       (273.9

(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)  
       FY2016         FY2017         FY2018         FY2019         FY2020         FY2021    

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

     181.4       162.1       144.5       142.3       132.3       176.4  

Total credit costs

     (22.5     23.4       1.3       0.8       0.0       0.1  

Income before income taxes

     156.3       249.7       127.9       148.6       129.4       210.6  

Reconciliation to taxable income

     1.8       (69.5     (79.2     (39.3     (26.5     (39.4

Taxable income

     158.1       180.2       48.7       109.3       102.9       171.1  

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

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

 

30


Mitsubishi UFJ Financial Group, Inc.

 

14. Retirement Benefits

MUFG Consolidated

(1) Benefit obligation

 

          (in millions of yen)  
          As of
    March 31, 2022    
(A)
    Increase
(Decrease)
(A) - (B)
    As of
  March 31, 2021  
(B)
 

Projected benefit obligation (reserve type)

    (A)         2,282,135       (30,337       2,312,473  

Projected benefit obligation (non-reserve type)

    (B)       83,206            (2,801     86,007       

Fair value of plan assets

    (C)       3,653,594       133,450       3,520,144  

Net amount recorded on the Consolidated Balance Sheet

    (A) + (B) - (C)       (1,288,252     (166,589     (1,121,662

Net defined benefit liability

      86,355       (2,559     88,914  

Net defined benefit asset

      (1,374,607     (164,030     (1,210,577
(2) Net periodic cost of retirement benefits        
          (in millions of yen)  
          For the fiscal year
ended

March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    For the fiscal year
ended

March 31, 2021
(B)
 

Net periodic cost of retirement benefits regarding defined benefit pension plans

      (41,466     (64,290     22,824  

Service cost

      62,090       798       61,292  

Interest cost

      24,540       (1,446     25,986  

Expected return on plan assets

      (120,479     (16,173     (104,306

Amortization of unrecognized prior service cost

      (2,722     2,200       (4,922

Amortization of unrecognized net actuarial loss

      (20,864     (49,601     28,736  

Other

      16,006       (30     16,037  

(3) Assumptions used in calculation of projected benefit obligation

 

     As of March 31, 2022  

Discount rates

     Domestic consolidated subsidiaries        0.07%~0.93%  
     Overseas consolidated subsidiaries        0.52%~9.04%  

Expected return

     Domestic consolidated subsidiaries        1.50%~3.80%  
     Overseas consolidated subsidiaries        0.90%~9.04%  

 

31


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Benefit obligation

 

          (in millions of yen)  
          As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Projected benefit obligation

    (A)       1,345,885       (56,479     1,402,365  

Discount rates

      (0.7% ~ 0.9 %)        (0.5% ~ 0.7 %) 

Fair value of plan assets

    (B)       2,105,376       9,496       2,095,880  

Prepaid pension cost

    (C)       469,438       78,011       391,426  

Reserve for retirement benefits

    (D)       7,091       650       6,440  

Total amount unrecognized

    (A) - (B) + (C) - (D)       (297,145     11,384       (308,530

Unrecognized net actuarial loss

      (296,945     11,314       (308,260

Unrecognized prior service cost

      (199     69       (269
(2) Net periodic cost        
          (in millions of yen)  
          For the fiscal year
ended
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    For the fiscal year
ended
March 31, 2021
(B)
 

Net periodic cost of retirement benefits

      (30,458     (51,292     20,834  

Service cost

      31,062       (2,202     33,264  

Interest cost

      11,300       705       10,594  

Expected return on plan assets

      (55,056     (8,592     (46,464

Amortization of unrecognized prior service cost

      (162     2,568       (2,730

Amortization of unrecognized net actuarial loss

      (36,273     (43,446     7,173  

Other

      18,670       (326     18,996  

 

32


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Benefit obligation

 

          (in millions of yen)  
          As of
March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    As of
March 31, 2021
(B)
 

Projected benefit obligation

    (A)       320,338       (9,432     329,770  

Discount rates

      (0.6% ~ 0.9 %)        (0.5% ~ 0.7 %) 

Fair value of plan assets

    (B)       752,369       24,428       727,941  

Prepaid pension cost

    (C)       419,442       29,530       389,911  

Reserve for retirement benefits

    (D)       33       (295     328  

Total amount unrecognized

    (A) - (B) + (C) - (D)       (12,622     (4,034     (8,587

Unrecognized net actuarial loss

      (14,181     (3,810     (10,370

Unrecognized prior service cost

      1,558       (223     1,782  

 

(2) Net periodic cost

 

       
          (in millions of yen)  
          For the fiscal year
ended

March 31, 2022
(A)
    Increase
(Decrease)
(A) - (B)
    For the fiscal year
ended

March 31, 2021
(B)
 

Net periodic cost of retirement benefits

                           (19,524     (13,290     (6,233

Service cost

      6,161       (531     6,693  

Interest cost

      2,162       270       1,891  

Expected return on plan assets

      (27,657     (3,014     (24,642

Amortization of unrecognized prior service cost

      223       (1     225  

Amortization of unrecognized net actuarial loss

      (1,062     (10,253     9,191  

Other

      647       239       407  

 

33


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, 2021    
    As of
    March 31, 2022    
 

Assets:

    

Cash and due from banks

     84,701,063       87,398,956  

Call loans

     468,999       1,011,623  

Receivables under resale agreements

     308,462       732,237  

Monetary claims bought

     3,258,939       3,765,016  

Trading assets

     4,895,816       4,935,769  

Money held in trust

     37,765       52,379  

Securities

     61,787,561       61,212,185  

Loans and bills discounted

     88,447,036       90,421,234  

Foreign exchanges

     1,579,671       1,813,205  

Other assets

     6,799,416       7,527,866  

Tangible fixed assets

     775,742       719,349  

Intangible fixed assets

     465,275       365,782  

Prepaid pension costs

     391,426       469,438  

Deferred tax assets

     —         37,243  

Customers’ liabilities for acceptances and guarantees

     6,523,464       7,826,011  

Allowance for credit losses

     (465,391     (650,033
  

 

 

   

 

 

 

Total assets

     259,975,251       267,638,266  
  

 

 

   

 

 

 

 

34


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
    March 31, 2021    
    As of
    March 31, 2022    
 

Liabilities:

    

Deposits

     182,239,930       183,356,877  

Negotiable certificates of deposit

     6,067,653       7,575,964  

Call money

     182,220       287,401  

Payables under repurchase agreements

     6,058,839       9,752,120  

Commercial papers

     880,919       1,321,859  

Trading liabilities

     2,700,766       2,645,871  

Borrowed money

     36,071,586       36,532,121  

Foreign exchanges

     2,772,317       2,577,305  

Bonds payable

     1,617,008       1,355,232  

Other liabilities

     4,302,420       5,296,077  

Reserve for bonuses

     29,303       30,459  

Reserve for bonuses to directors

     155       153  

Reserve for stocks payment

     4,788       3,749  

Reserve for retirement benefits

     6,440       7,091  

Reserve for loyalty award credits

     1,246       1,166  

Reserve for contingent losses

     65,586       87,530  

Deferred tax liabilities

     455,256       —    

Deferred tax liabilities for land revaluation

     97,744       90,620  

Acceptances and guarantees

     6,523,464       7,826,011  
  

 

 

   

 

 

 

Total liabilities

     250,077,648        258,747,613  
  

 

 

   

 

 

 

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

     2,782,616       2,616,656  

Revenue reserve

     190,044       190,044  

Other retained earnings

     2,592,572       2,426,611  

Funds for retirement benefits

     2,432       2,432  

Other reserve

     718,196       718,196  

Earned surplus brought forward

     1,871,943       1,705,982  

Treasury stock

     (645,700     (645,700
  

 

 

   

 

 

 

Total shareholders’ equity

     7,727,150       7,561,189  
  

 

 

   

 

 

 

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

     1,812,832       1,280,620  

Net deferred gains (losses) on hedging instruments

     167,610       (130,402

Land revaluation excess

     190,008       179,246  
  

 

 

   

 

 

 

Total valuation and translation adjustments

     2,170,452       1,329,464  
  

 

 

   

 

 

 

Total net assets

     9,897,602       8,890,653  
  

 

 

   

 

 

 

Total liabilities and net assets

     259,975,251       267,638,266  
  

 

 

   

 

 

 

 

35


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, 2021
     For the fiscal year 
ended
March 31, 2022
 

Ordinary income

       2,635,402         2,557,193  

Interest income

     1,298,091       1,312,883  

Interest on loans and bills discounted

     901,983       812,651  

Interest and dividends on securities

     275,239       330,888  

Fees and commissions

     555,789       583,518  

Trading income

     108,449       51,887  

Other operating income

     500,926       257,799  

Other ordinary income

     172,144       351,104  

Ordinary expenses

     2,433,154       2,150,136  

Interest expenses

     451,561       327,917  

Interest on deposits

     133,534       80,546  

Fees and commissions

     163,235       154,336  

Trading expenses

     —         2,641  

Other operating expenses

     297,367       211,463  

General and administrative expenses

     1,183,634       1,124,878  

Other ordinary expenses

     337,356       328,899  
  

 

 

   

 

 

 

Ordinary profits

     202,247       407,057  
  

 

 

   

 

 

 

Extraordinary gains

     31,089       24,639  

Extraordinary losses

     27,753       145,497  
  

 

 

   

 

 

 

Income before income taxes

     205,583       286,198  
  

 

 

   

 

 

 

Income taxes - current

     101,551       190,928  

Income taxes - deferred

     (40,447     (93,074
  

 

 

   

 

 

 

Total taxes

     61,103       97,854  
  

 

 

   

 

 

 

Net income

     144,479       188,344  
  

 

 

   

 

 

 

 

36


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Non-consolidated Balance Sheets

 

(in millions of yen)    As of
    March 31, 2021    
    As of
    March 31, 2022    
 

Assets:

    

Cash and due from banks

     12,637,769         13,249,884  

Call loans

     407,532       447,474  

Receivables under resale agreements

     14,182       93,704  

Receivables under securities borrowing transactions

     204,836       253,065  

Monetary claims bought

     48,438       69,335  

Trading assets

     59,308       70,093  

Money held in trust

     138,078       160,333  

Securities

     13,083,825       15,295,690  

Loans and bills discounted

     3,289,807       2,735,906  

Foreign exchanges

     119,636       201,309  

Other assets

     1,293,319       2,166,137  

Tangible fixed assets

     128,832       126,011  

Intangible fixed assets

     83,552       86,486  

Prepaid pension costs

     389,911       419,442  

Customers’ liabilities for acceptances and guarantees

     26,371       15,756  

Allowance for credit losses

     (1,457     (998
  

 

 

   

 

 

 

Total assets

       31,923,946         35,389,633  
  

 

 

   

 

 

 

 

37


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)    As of
    March 31, 2021    
    As of
    March 31, 2022    
 

Liabilities:

    

Deposits

     10,873,215        10,892,403  

Negotiable certificates of deposit

     1,894,446       2,999,695  

Call money

     6,738       509,212  

Payables under repurchase agreements

     4,978,918       6,068,561  

Payables under securities lending transactions

     —         2,415  

Commercial papers

     816,071       706,848  

Trading liabilities

     58,858       124,191  

Borrowed money

     2,031,265       2,903,628  

Foreign exchanges

     70,007       366,916  

Short-term bonds payable

     —         289,999  

Bonds payable

     216,910       110,000  

Due to trust accounts

     7,661,089       6,875,205  

Other liabilities

     757,038       1,130,301  

Reserve for bonuses

     4,813       5,004  

Reserve for bonuses to directors

     103       93  

Reserve for stocks payment

     3,284       2,677  

Reserve for retirement benefits

     328       33  

Reserve for contingent losses

     14,781       13,944  

Deferred tax liabilities

     273,957       200,818  

Deferred tax liabilities for land revaluation

     3,833       3,794  

Acceptances and guarantees

     26,371       15,756  
  

 

 

   

 

 

 

Total liabilities

     29,692,033       33,221,500  
  

 

 

   

 

 

 

Net assets:

    

Capital stock

     324,279       324,279  

Capital surplus

     455,970       455,970  

Capital reserve

     250,619       250,619  

Other capital surplus

     205,351       205,351  

Retained earnings

     1,210,765       1,315,188  

Revenue reserve

     73,714       73,714  

Other retained earnings

     1,137,051       1,241,474  

Funds for retirement benefits

     710       710  

Other reserve

     138,495       138,495  

Earned surplus brought forward

     997,846       1,102,269  

Treasury stock

     (299,999     (299,999
  

 

 

   

 

 

 

Total shareholders’ equity

     1,691,015       1,795,438  
  

 

 

   

 

 

 

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

     585,976       330,727  

Net deferred gains (losses) on hedging instruments

     (44,067     42,138  

Land revaluation excess

     (1,010     (171
  

 

 

   

 

 

 

Total valuation and translation adjustments

     540,897       372,694  
  

 

 

   

 

 

 

Total net assets

     2,231,913       2,168,132  
  

 

 

   

 

 

 

Total liabilities and net assets

     31,923,946       35,389,633  
  

 

 

   

 

 

 

 

38


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, 2021
       For the fiscal year  
ended
March 31, 2022
 

Ordinary income

     568,370        607,961  

Trust fees

     113,809        116,631  

Interest income

     193,491        208,923  

Interest on loans and bills discounted

     21,061        18,382  

Interest and dividends on securities

     154,896        179,844  

Fees and commissions

     149,954        160,097  

Trading income

     393        80  

Other operating income

     50,486        59,991  

Other ordinary income

     60,234        62,237  

Ordinary expenses

     435,335        392,349  

Interest expenses

     63,810        36,268  

Interest on deposits

     5,913        3,626  

Fees and commissions

     49,976        49,285  

Trading expenses

     1,583        24,899  

Other operating expenses

     61,199        69,052  

General and administrative expenses

     209,275        189,761  

Other ordinary expenses

     49,488        23,082  
  

 

 

    

 

 

 

Ordinary profits

     133,035        215,611  
  

 

 

    

 

 

 

Extraordinary gains

     1,593        2,030  

Extraordinary losses

     5,172        7,035  
  

 

 

    

 

 

 

Income before income taxes

     129,456        210,606  
  

 

 

    

 

 

 

Income taxes - current

     29,773        50,141  

Income taxes - deferred

     3,279        580  
  

 

 

    

 

 

 

Total taxes

     33,052        50,721  
  

 

 

    

 

 

 

Net income

     96,403        159,884  
  

 

 

    

 

 

 

 

39


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, 2021    
    As of
    March 31, 2022    
 

Assets:

    

Loans and bills discounted

     413,435       1,120,418  

Securities

     59,314,971          67,663,477  

Beneficiary rights to the trust

     93,565,184       108,857,810  

Securities held in custody accounts

     3,636,243       3,230,600  

Monetary claims

     32,652,514       40,409,077  

Tangible fixed assets

     17,354,800       19,066,909  

Intangible fixed assets

     135,444       147,570  

Other claims

     3,154,313       2,520,092  

Call loans

     1,244,794       1,292,609  

Due from banking account

     10,043,198       11,862,710  

Cash and due from banks

     5,567,619       5,124,019  
  

 

 

   

 

 

 

Total

     227,082,519       261,295,295  
  

 

 

   

 

 

 

Liabilities:

    

Money trusts

     28,470,351       29,852,422  

Pension trusts

     12,004,133       12,339,538  

Property formation benefit trusts

     6,736       6,532  

Investment trusts

     98,512,832       112,937,424  

Money entrusted other than money trusts

     5,006,270       5,820,407  

Securities trusts

     5,949,600       5,795,848  

Monetary claim trusts

     30,677,531       36,599,637  

Equipment trusts

     156,727       138,279  

Land and fixtures trusts

     18,856       18,522  

Composite trusts

     46,279,479       57,786,682  
  

 

 

   

 

 

 

Total

     227,082,519       261,295,295  
  

 

 

   

 

 

 
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 502,487 millions of yen as of March 31, 2021 and 485,019 millions of yen as of March 31, 2022.

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, 2021    
    As of
    March 31, 2022    
 

Assets:

    

Loans and bills discounted

     6,051        4,730  

Securities

     —         —    

Other

     7,821,717       7,059,590  
  

 

 

   

 

 

 

Total

     7,827,769       7,064,320  
  

 

 

   

 

 

 

Liabilities:

    

Principal

     7,827,463       7,064,123  

Allowance for bad debts

     18       14  

Other

     287       182  
  

 

 

   

 

 

 

Total

     7,827,769       7,064,320  
  

 

 

   

 

 

 

 

40


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(4) Major Items

 

(in millions of yen)    As of
    March 31, 2021    
    As of
    March 31, 2022    
 

Total funds

     53,248,882       56,090,592  
  

 

 

   

 

 

 

Deposits

     10,873,215         10,892,403  

Negotiable certificates of deposit

     1,894,446       2,999,695  

Money trusts

     28,470,351       29,852,422  

Pension trusts

     12,004,133       12,339,538  

Property formation benefit trusts

     6,736       6,532  
  

 

 

   

 

 

 

Loans and bills discounted

     3,703,242       3,856,324  
  

 

 

   

 

 

 

Banking account

     3,289,807       2,735,906  

Trust account

     413,435       1,120,418  
  

 

 

   

 

 

 

Investment securities

     72,398,797       82,959,167  
  

 

 

   

 

 

 

 

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.

 

41