6-K/A 1 d330227d6ka.htm FORM 6-K/A FORM 6-K/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K/A

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of June 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: June 2, 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


Mitsubishi UFJ Financial Group, Inc. (MUFG)

(TSE Code: 8306)

Corrections to “Consolidated Summary Report <under Japanese GAAP>

for the fiscal year ended March 31, 2022”

Tokyo, June 2, 2022 — MUFG today announced partial corrections to “Consolidated Summary Report <under Japanese GAAP> for the fiscal year ended March 31, 2022” disclosed on May 16, 2022, as shown in the Appendix.

– End –

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,400 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.

 

1


(Translation)    Appendix

 

Corrections:

Consolidated Summary Report <under Japanese GAAP> for the fiscal year ended March 31, 2022 (Summary information)

1. Consolidated Financial Data for the Fiscal Year ended March 31, 2022

(3) Cash Flows

 

*

The corrected figures are underlined.

(Before Correction)

     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  
(After Correction)          
     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

     9,839,899        (2,202,726     (1,080,428     110,763,205  

March 31, 2021

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

 

2


(Translation)    Appendix

 

Consolidated Summary Report <under Japanese GAAP> for the fiscal year ended March 31, 2022 (page 11-12)

3. Consolidated Financial Statements and Notes

(4) Consolidated Statements of Cash Flows

 

*

The corrected figures are underlined.

(Before Correction)

(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  
  

 

 

   

 

 

 

 

3


(Translation)    Appendix

 

(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  
  

 

 

   

 

 

 

 

4


(Translation)    Appendix

 

(After Correction)

 

(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     (555,008
  

 

 

   

 

 

 

Sub-total

     35,016,420       10,089,269  
  

 

 

   

 

 

 

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       9,839,899  
  

 

 

   

 

 

 

 

5


(Translation)    Appendix

 

(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       5,399  

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     (1,080,428
  

 

 

   

 

 

 

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  
  

 

 

   

 

 

 

 

6