Mitsubishi UFJ Financial Group

FY07 Medium-term Business Plan

February 23,

2007

Filing under Rule 425 under the U.S. Securities Act of 1933

Filing by: Mitsubishi UFJ Financial Group, Inc.

Subject Company: Mitsubishi UFJ Securities Co., Ltd.

SEC File No. 333-138106

1

This document contains forward-looking statements in regard to forecasts, targets and plans

of

Mitsubishi

UFJ

Financial

Group,

Inc.

(“MUFG”)

and its respective group companies

(collectively, “the group”). These forward-looking statements are based on information

currently available to the group and are stated here on the basis of the outlook at the time

that this document was produced.  In addition, in producing these statements certain

assumptions (premises) have been utilized. These statements and assumptions (premises)

are subjective and may prove to be incorrect and may not be realized in the future.

Underlying such circumstances are a large number of risks and uncertainties. Please see

other

disclosure

and

public

filings

made

or

will

be

made

by

MUFG and the other companies

comprising

the

group,

including

the

latest

kessan

tanshin, financial reports, Japanese

securities reports and annual reports, for additional information regarding such risks and

uncertainties. The group has no obligation or intent to update any forward-looking

statements contained in this document.

In

addition,

information

on

companies

and

other

entities

outside

the group that is recorded in

this document has been obtained from publicly available information and other sources.  The

accuracy and appropriateness of that information has not been verified by the group and

cannot be guaranteed.

The financial information used in this document was prepared in accordance with accounting

standards  generally accepted in Japan, or Japanese GAAP.

2

Strengthen Corporate Investment Banking (CIB) business with an

integrated bank/securities business approach

MUS

becoming 100% sub. provides opportunity to create an MUFG CIB model that

leverages capital strength + bank customer base+ integrated Business Unit

framework

--From origination to distribution

(O

•

S

•

T

•

D): optimize value-chain by optimally unifying bank/securities

O

Origination

S

Structuring

T

Trading

D

Distribution

MUFG

Customer

base

400,000

corporate

customers

MUFG

Customer

base

400,000

corporate

customers

Retail

accounts

40 million

Retail assets

under

management

¥86 trillion

Market type,

indirect

financing

Direct financing

Capital markets business

with banking customers

CPM

functions

Structuring

Securities intermediation

/Introduction

Underwriting/

Sales

Structuring

(Securitization)

Bank

Securi

ties

MUFG

capital strength/personnel

Bank

Secu

rities

No. of securities intermediation accounts (end Jan. 07)

Approx. 150,000 (up 70,000 from end Mar. 06)

3

For U.S. Investors

Filings with the U.S. SEC

Mitsubishi UFJ Financial Group, Inc. (“MUFG”) filed a registration statement on Form F-4 (“Form F-4”) with the U.S. SEC in connection with the proposed

share exchange transaction to make Mitsubishi UFJ Securities Co., Ltd. (“MUS”) a wholly-owned subsidiary of MUFG.  The Form F-4 contains a prospectus

and other documents.  After the Form F-4 is declared effective, MUS plans to mail the prospectus contained in the Form F-4 to its U.S. shareholders prior to

the shareholders meeting at which the proposed transaction will be voted upon. The Form F-4 and prospectus contain important information about MUFG,

MUS, the share exchange transaction and related matters. U.S. shareholders of MUS are urged to read the Form F-4, the prospectus and the other

documents that are filed with the U.S. SEC in connection with the share exchange transaction carefully before they make any voting and investment

decision

with

respect

to

the

proposed

share

exchange

transaction.

The Form F-4, the prospectus and all other documents filed with the U.S. SEC in

connection

with

the

share

exchange

transaction

will

be

available

when filed, free of charge, on the U.S. SEC’s web site at www.sec.gov.  In addition, the

prospectus and all other documents filed with the U.S. SEC in connection with the share exchange transaction will be made available to MUS shareholders,

free of charge, by calling, writing or e-mailing:

MUFG Contact :Mr. Hitoshi Shimamura

MUS

Contact

:Mr.

Hiroshi

Kutose

2-7-1, Marunouchi, Chiyoda-ku,                                            

2-5-2,

Marunouchi,

Chiyoda-ku

Tokyo 100-8330, Japan                                                     

Tokyo

100-0005,

Japan

Telephone : 81-3-3240-6608                                                

Telephone

:

81-3-6213-6584

Email: Hitoshi_Shimamura@hd.mufg.jp

Email:

kutose-hiroshi@sc.mufg.jp

In addition to the Form F-4, the prospectus and the other documents filed with the U.S. SEC in connection with the share exchange transaction, MUFG is

obligated to file annual reports with, and submit other information to, the U.S. SEC. Such filings with the U.S. SEC are available to the public from

commercial document retrieval services and at the web site maintained by the U.S. SEC at www.sec.gov.

Forward-Looking Statements

This communication contains forward-looking information and statements about MUFG, MUS and their businesses after completion of the transaction. 

Forward-looking

statements

are

statements

that

are

not

historical

facts.

These

statements

include

financial

projections

and

estimates

and

their underlying

assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding

future

performance.

Forward-looking

statements

are

generally

identified

by

the

words

“expect,”

“anticipates,”

“believes,”

“intends,”

“estimates”

and similar

expressions.  Although MUFG’s

and MUS’s

management believe that the expectations reflected in such forward-looking statements are reasonable, investors

and holders of MUS securities are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which

are difficult to predict and generally beyond the control of MUFG and MUS, that could cause actual results and developments to differ materially from those

expressed in, or implied or projected by, the forward-looking information and statements.  These risks and uncertainties include those discussed or

identified

in

the

public

filings

with

the

U.S.

SEC

and

the

local

filings made by MUFG and MUS, including those listed under “Cautionary Statement

Concerning Forward-Looking Statements”

and “Risk Factors”

in the prospectus included in the registration statement on Form F-4 that MUFG has filed with

the U.S. SEC.  Other than as required by applicable law, MUFG and MUS do not undertake any obligation to update or revise any forward-looking

information or statements.