0001193125-16-648800.txt : 20160715 0001193125-16-648800.hdr.sgml : 20160715 20160715065105 ACCESSION NUMBER: 0001193125-16-648800 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160715 FILED AS OF DATE: 20160715 DATE AS OF CHANGE: 20160715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MITSUBISHI UFJ FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000067088 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54189 FILM NUMBER: 161768494 BUSINESS ADDRESS: STREET 1: 7-1 MARUNOUCHI 2-CHOME STREET 2: CHIYODA-KU CITY: TOKYO STATE: M0 ZIP: 100-8330 BUSINESS PHONE: 2125301784 MAIL ADDRESS: STREET 1: 1251 AVENUE OF THE AMERICAS 10020-1104 CITY: NEW YORK STATE: NY ZIP: 10020-1104 FORMER COMPANY: FORMER CONFORMED NAME: BANK OF TOKYO MITSUBISHI LTD /ADR/ DATE OF NAME CHANGE: 20010402 FORMER COMPANY: FORMER CONFORMED NAME: MITSUBISHI BANK LTD /ADR/ DATE OF NAME CHANGE: 19920929 FORMER COMPANY: FORMER CONFORMED NAME: MITSUBISHI TOKYO FINANCIAL GROUP INC DATE OF NAME CHANGE: 19920929 6-K 1 d210554d6k.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 July 2016

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. 333-209455) 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.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: July 15, 2016

 

Mitsubishi UFJ Financial Group, Inc.
By:  

/s/ Yasuo Matsumoto

Name:   Yasuo Matsumoto
Title:  

Chief Manager, Documentation & Corporate Secretary Department,

Corporate Administration Division


Consolidated Summary Report

<under US GAAP>

For the Fiscal Year Ended March 31, 2016

 

Date:    July 15, 2016
Company name (code number):    Mitsubishi UFJ Financial Group, Inc. (8306)
   (URL http://www.mufg.jp/)
Stock exchange listings:    Tokyo, Nagoya, New York
Representative:    Nobuyuki Hirano, President & Group CEO
For inquiry:    Kazutaka Yoneda, General Manager-Financial Planning Division / Financial Accounting Office
   (Phone) +81-3-3240-3110

Consolidated financial data for the fiscal year ended March 31, 2016

(1) Operating results

 

(in millions of yen, except per share data)
    

  For the fiscal years ended March 31,  

    

2016

  

2015

Total revenue

           5,413,428            5,739,723

Income before income tax expense

   1,162,670    2,262,656

Net income attributable to Mitsubishi UFJ Financial Group

   802,332    1,531,127

Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)

   57.78    107.81

Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)

   57.51    107.50

Comprehensive income attributable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2016 and 2015 were ¥41,921 million and ¥3,240,700 million, respectively.

Notes:

1. Average number of shares outstanding

 

     (in thousands of shares)
    

  For the fiscal years ended March 31,  

    

         2016         

  

         2015         

Common stock

       13,885,842        14,118,469

2. “Basic earnings per common share” and “Diluted earnings per common share” are based on “Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group.”

(2) Financial condition

 

     (in millions of yen)
    

                  As of March 31,                   

    

         2016         

  

         2015         

Total assets

     292,570,296      280,886,326
  

 

  

 

Total Mitsubishi UFJ Financial Group shareholders’ equity

   14,270,625    14,679,065
  

 

  

 

(3) Cash flows

 

     (in millions of yen)
    

  For the fiscal years ended March 31,  

    

         2016         

  

         2015         

Net cash provided by operating activities

       4,181,040        2,384,590

Net cash used in investing activities

   (12,994,976)    (10,975,679)

Net cash provided by financing activities

   14,168,679    8,183,248

Cash and cash equivalents at end of period

   8,656,322    3,353,236

 

- 1 -


This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.’s consolidated financial information under U.S. GAAP that is included in the company’s annual report on Form 20-F (the “Form 20-F”) to be filed with the U.S. Securities and Exchange Commission. This excerpt report does not contain all of the information that may be important to you. In addition to the items highlighted in this report, the Form 20-F includes material disclosure about the company, including its business and other detailed U.S. GAAP financial information. You should read the entire Form 20-F carefully to obtain a comprehensive understanding of the company’s business and U.S. GAAP financial data and related issues.

This report contains forward-looking statements regarding estimates, forecasts, targets and plans in relation to the results of operations, financial condition and other general management of the company (the “forward-looking statements”). The forward-looking statements are made based upon, among other things, the company’s current expectations, perceptions, evaluations and opinions. In addition, in order for the company to adopt such estimates, forecasts, targets and plans regarding future events, certain assumptions have been made, which assumptions are inherently subjective and uncertain. The forward-looking statements should not be viewed as guarantees of future performance as actual results may be significantly different. For instance, the disclosures regarding provision for credit losses, valuation of financial assets and realizability of the deferred tax assets are based on assumptions and other estimates such as economic factors, the company’s business plans and performance, and other factors. There exist a number of factors that may lead to uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economies, changes in borrower conditions, fluctuations in interest rates, foreign currency exchange rates, stock prices, commodities prices and real estate prices, legal proceedings, changes in the regulatory and competitive environment, malfunctions and deficiencies in our IT systems, and natural disasters, cyber-attacks and other external events. For the key factors that should be considered, please see the financial highlight, the Annual Securities Report, the Disclosure Book, the Annual Report, the Form 20-F and other current disclosures that the company has publicly released.

 

- 2 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Balance Sheets

 

     As of March 31,  

(in millions of yen)

   2016     2015  

Assets:

    

Cash and due from banks

     8,656,322        3,353,236   

Interest-earning deposits in other banks

     41,017,579        37,364,698   

Call loans and funds sold

     699,025        660,416   

Receivables under resale agreements

     7,446,665        7,273,008   

Receivables under securities borrowing transactions

     6,041,984        4,659,545   

Trading account assets

     50,825,399        46,904,903   

Investment securities:

    

Available-for-sale securities—carried at fair value

     41,226,231        47,490,404   

Held-to-maturity securities—carried at amortized cost

     3,866,668        4,130,451   

Other investment securities

     554,715        587,119   
  

 

 

   

 

 

 

Total investment securities

     45,647,614        52,207,974   
  

 

 

   

 

 

 

Loans, net of unearned income, unamortized premiums and deferred loan fees

     122,790,958        118,265,202   

Allowance for credit losses

     (1,111,130     (1,055,479
  

 

 

   

 

 

 

Net loans

     121,679,828        117,209,723   
  

 

 

   

 

 

 

Premises and equipment—net

     1,005,905        982,205   

Accrued interest

     325,373        323,496   

Customers’ acceptance liability

     132,532        205,384   

Intangible assets—net

     1,015,150        1,160,164   

Goodwill

     454,375        807,610   

Deferred tax assets

     155,010        90,674   

Other assets

     7,467,535        7,683,290   
  

 

 

   

 

 

 

Total assets

     292,570,296        280,886,326   
  

 

 

   

 

 

 

Liabilities:

    

Deposits:

    

Domestic offices:

    

Non-interest-bearing

     20,045,780        17,829,620   

Interest-bearing

     115,432,472        107,968,674   

Overseas offices:

    

Non-interest-bearing

     5,919,018        5,616,266   

Interest-bearing

     40,040,817        40,576,707   
  

 

 

   

 

 

 

Total deposits

     181,438,087        171,991,267   
  

 

 

   

 

 

 

Call money and funds purchased

     1,388,589        3,668,986   

Payables under repurchase agreements

     22,114,424        20,728,205   

Payables under securities lending transactions

     4,710,407        8,205,349   

Due to trust account

     6,338,154        1,610,992   

Other short-term borrowings

     9,357,728        11,545,807   

Trading account liabilities

     21,025,012        17,029,385   

Obligations to return securities received as collateral

     1,919,066        2,651,151   

Bank acceptances outstanding

     132,532        205,384   

Accrued interest

     132,802        132,330   

Long-term debt

     21,972,077        19,968,735   

Other liabilities

     7,193,151        7,867,394   
  

 

 

   

 

 

 

Total liabilities

     277,722,029        265,604,985   
  

 

 

   

 

 

 

Equity:

    

Mitsubishi UFJ Financial Group shareholders’ equity:

    

Capital stock

     2,090,270        2,090,270   

Capital surplus

     5,958,929        5,959,626   

Retained earnings:

    

Appropriated for legal reserve

     239,571        239,571   

Unappropriated retained earnings

     3,980,257        3,424,864   

Accumulated other comprehensive income, net of taxes

     2,301,259        3,067,255   

Treasury stock, at cost

     (299,661     (102,521
  

 

 

   

 

 

 

Total Mitsubishi UFJ Financial Group shareholders’ equity

     14,270,625        14,679,065   

Noncontrolling interests

     577,642        602,276   
  

 

 

   

 

 

 

Total equity

     14,848,267        15,281,341   
  

 

 

   

 

 

 

Total liabilities and equity

     292,570,296        280,886,326   
  

 

 

   

 

 

 

 

- 3 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Income

 

     For the fiscal years ended March 31,  

(in millions of yen)

   2016     2015  

Interest income:

    

Loans, including fees

     2,054,338        1,981,274   

Deposits in other banks

     82,654        64,270   

Investment securities:

    

Interest

     254,214        252,149   

Dividends

     133,828        131,593   

Trading account assets

     422,080        400,020   

Call loans and funds sold

     10,450        11,181   

Receivables under resale agreements and securities borrowing transactions

     48,174        54,158   
  

 

 

   

 

 

 

Total

     3,005,738        2,894,645   
  

 

 

   

 

 

 

Interest expense:

    

Deposits

     350,335        300,692   

Call money and funds purchased

     8,802        7,287   

Payables under repurchase agreements and securities lending transactions

     45,201        41,294   

Due to trust account

     505        504   

Other short-term borrowings and trading account liabilities

     54,572        60,452   

Long-term debt

     284,949        252,955   
  

 

 

   

 

 

 

Total

     744,364        663,184   
  

 

 

   

 

 

 

Net interest income

     2,261,374        2,231,461   

Provision for credit losses

     231,862        86,998   
  

 

 

   

 

 

 

Net interest income after provision for credit losses

     2,029,512        2,144,463   
  

 

 

   

 

 

 

Non-interest income:

    

Fees and commissions income

     1,475,872        1,400,980   

Foreign exchange gains (losses)—net

     192,086        (113,073

Trading account profits—net

     276,654        1,148,661   

Investment securities gains—net

     232,259        154,687   

Equity in earnings of equity method investees—net

     176,857        172,946   

Gains on sales of loans

     12,293        15,027   

Other non-interest income

     41,669        65,850   
  

 

 

   

 

 

 

Total

     2,407,690        2,845,078   
  

 

 

   

 

 

 

Non-interest expense:

    

Salaries and employee benefits

     1,158,896        1,097,452   

Occupancy expenses—net

     182,782        168,780   

Fees and commission expenses

     285,387        248,136   

Outsourcing expenses, including data processing

     244,734        241,650   

Depreciation of premises and equipment

     99,680        108,659   

Amortization of intangible assets

     237,342        222,353   

Impairment of intangible assets

     117,726        677   

Insurance premiums, including deposit insurance

     91,854        115,451   

Communications

     58,314        54,712   

Taxes and public charges

     93,734        96,627   

Impairment of goodwill

     333,719        3,432   

Other non-interest expenses

     370,364        368,956   
  

 

 

   

 

 

 

Total

     3,274,532        2,726,885   
  

 

 

   

 

 

 

Income before income tax expense

     1,162,670        2,262,656   

Income tax expense

     369,432        666,020   
  

 

 

   

 

 

 

Net income before attribution of noncontrolling interests

     793,238        1,596,636   

Net income (loss) attributable to noncontrolling interests

     (9,094     65,509   
  

 

 

   

 

 

 

Net income attributable to Mitsubishi UFJ Financial Group

     802,332        1,531,127   
  

 

 

   

 

 

 

Income allocated to preferred shareholders:

    

Cash dividends paid

     —          8,970   
  

 

 

   

 

 

 

Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group

     802,332        1,522,157   
  

 

 

   

 

 

 
(in yen)             

Earnings per common share applicable to common shareholders of Mitsubishi UFJ Financial Group:

    

Basic earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group

     57.78        107.81   

Diluted earnings per common share—Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group

     57.51        107.50   

 

- 4 -


(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income

 

     For the fiscal years ended March 31,  

(in millions of yen)

   2016     2015  

Net income before attribution of noncontrolling interests

     793,238        1,596,636   

Other comprehensive income (loss), net of tax:

    

Net unrealized gains (losses) on investment securities

     (249,781     999,817   

Net debt valuation adjustments

     3,505        —     

Net unrealized gains on derivatives qualifying for cash flow hedges

     1,808        899   

Defined benefit plans

     (131,493     18,927   

Foreign currency translation adjustments

     (356,677     688,518   
  

 

 

   

 

 

 

Total

     (732,638     1,708,161   
  

 

 

   

 

 

 

Comprehensive income

     60,600        3,304,797   
  

 

 

   

 

 

 

Net income (loss) attributable to noncontrolling interests

     (9,094     65,509   

Other comprehensive income (loss) attributable to noncontrolling interests

     27,773        (1,412
  

 

 

   

 

 

 

Comprehensive income attributable to Mitsubishi UFJ Financial Group

     41,921        3,240,700   
  

 

 

   

 

 

 
Loans     
     As of March 31,  

(in millions of yen)

   2016     2015  

Impaired loans

     1,725,150        1,686,806   

Other than impaired loans

     121,065,808        116,578,396   
  

 

 

   

 

 

 

Total

     122,790,958        118,265,202   
  

 

 

   

 

 

 
Allowance for credit losses     
     As of March 31,  

(in millions of yen)

   2016     2015  

Related to impaired loans

     734,932        607,287   

Related to other than impaired loans

     376,198        448,192   
  

 

 

   

 

 

 

Total

     1,111,130        1,055,479   
  

 

 

   

 

 

 

 

- 5 -