Form 6-K

6-K 1 d810628d6k.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 November 2019

Commission File No. 000-54189

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

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

Tokyo 100-8330, Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or

will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(7):

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-229697) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

SIGNATURES

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

Date: November 13, 2019


Mitsubishi UFJ Financial Group, Inc.

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

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the six months ended September 30, 2019

November 13, 2019


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		https://www.mufg.jp/
Representative:		Kanetsugu Mike, President & Group CEO
For inquiry:		Masahisa Takahashi, Managing Director, Head of Financial Accounting Office, Financial Planning Division
		TEL (03) 5218-8890
Quarterly securities report issuing date:		November 29, 2019
Dividend payment date:		December 5, 2019
Trading accounts:		Established
Supplemental information for quarterly financial statements:		Available
Quarterly investor meeting presentation:		Scheduled (for investors and analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Data for the Six Months ended September 30, 2019

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income				Ordinary Profits					Profits Attributable to Owners of Parent
For the six months ended	million yen		%		million yen		%			million yen		%
September 30, 2019		3,585,298		6.2		795,270		(10.2	)		609,958		(6.3	)
September 30, 2018		3,375,731		10.0		885,919		2.5			650,796		3.8

(*)

Comprehensive income

September 30, 2019: 817,777 million yen, 64.3 % ; September 30, 2018: 497,687 million yen, (42.4) %


	Basic earnings per share		Diluted earnings per share
For the six months ended	yen		yen
September 30, 2019		47.20		47.09
September 30, 2018		49.65		49.49

(2) Financial Conditions


	Total Assets		Total Net Assets		*Equity-to-asset ratio ()**
As of	million yen		million yen		%
September 30, 2019		314,480,055		17,882,464		5.3
March 31, 2019		311,138,903		17,261,677		5.2

(Reference) Shareholders’ equity as of September 30, 2019: 16,803,169 million yen; March 31, 2019: 16,179,276 million yen

(*)

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

(Total net assets - Subscription rights to shares - Non-controlling interests) / Total assets

2. Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
For the fiscal year	yen		yen		yen		yen		yen
ended March 31, 2019		—		11.00		—		11.00		22.00
ending March 31, 2020		—		12.50
ending March 31, 2020 (Forecast)						—		12.50		25.00

(*)

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

3. Earnings Target for the Fiscal Year ending March 31, 2020 (Consolidated)

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

(There is no change to our earnings target released on May 15, 2019.)

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.

ø Notes

(1)	Changes in significant subsidiaries during the period: No

(2)	Changes in accounting policies, changes in accounting estimates and restatements

(A)

Changes in accounting policies due to revision of accounting standards: No

(B)

Changes in accounting policies due to reasons other than (A): 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:	September 30, 2019	13,667,770,520 shares
		March 31, 2019	13,667,770,520 shares
(B)	Treasury stocks:	September 30, 2019	741,460,484 shares
		March 31, 2019	745,316,531 shares
(C)	Average outstanding of total stocks:	Six months ended September 30, 2019	12,923,836,635 shares
		Six months ended September 30, 2018	13,106,742,010 shares

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

* Notes for using forecasted information etc.

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

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

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Consolidated Financial Statements and Notes			2

(1) Consolidated Balance Sheets			2

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			4

(3) Consolidated Statements of Changes in Net Assets			6

(4) Notes on Going-Concern Assumption			8

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Six Months Ended September 30, 2019”

(*)	The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet. Materials distributed for those will be uploaded in our homepage soon after the internet conference or the explanation is held.


Internet Conference:		November 13, 2019 (Wednesday)

Explanation for investors and analysts:		November 18, 2019 (Monday)

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements and Notes

(1)	Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2019			As of September 30, 2019
Assets:
Cash and due from banks		74,206,895			72,989,219
Call loans and bills bought		451,668			373,598
Receivables under resale agreements		10,868,179			16,234,900
Receivables under securities borrowing transactions		2,739,363			2,898,731
Monetary claims bought		7,254,708			6,819,706
Trading assets		16,126,188			18,671,737
Money held in trust		912,961			928,124
Securities		64,262,463			61,840,730
Loans and bills discounted		107,412,468			106,189,204
Foreign exchanges		2,134,807			1,986,278
Other assets		12,838,412			13,181,354
Tangible fixed assets		1,335,972			1,337,719
Intangible fixed assets		1,136,530			1,770,105
Net defined benefit assets		824,007			866,446
Deferred tax assets		104,451			107,646
Customers’ liabilities for acceptances and guarantees		9,241,062			8,944,970
Allowance for credit losses		(711,236	)		(660,419	)

Total assets		311,138,903			314,480,055

Liabilities:
Deposits		180,171,279			180,663,551
Negotiable certificates of deposit		9,413,420			8,716,442
Call money and bills sold		2,465,093			2,356,431
Payables under repurchase agreements		25,112,121			26,541,538
Payables under securities lending transactions		903,219			1,131,477
Commercial papers		2,316,338			2,973,475
Trading liabilities		11,624,122			13,585,063
Borrowed money		16,268,170			14,984,084
Foreign exchanges		2,271,145			2,040,143
Short-term bonds payable		793,999			685,999
Bonds payable		12,179,680			13,016,757
Due to trust accounts		10,282,227			9,870,064
Other liabilities		9,452,717			9,599,560
Reserve for bonuses		79,236			89,152
Reserve for bonuses to directors		689			735
Reserve for stocks payment		10,814			10,357
Net defined benefit liabilities		59,540			76,874
Reserve for retirement benefits to directors		1,058			952
Reserve for loyalty award credits		17,606			19,739
Reserve for contingent losses		265,707			188,537
Reserves under special laws		4,263			4,262
Deferred tax liabilities		829,418			985,319
Deferred tax liabilities for land revaluation		114,292			112,097
Acceptances and guarantees		9,241,062			8,944,970

Total liabilities		293,877,225			296,597,591

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2019			As of September 30, 2019
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		1,034,641			1,033,460
Retained earnings		10,640,655			11,113,789
Treasury stock		(516,649	)		(514,207	)

Total shareholders’ equity		13,300,160			13,774,556

Net unrealized gains (losses) on available-for-sale securities		2,249,231			2,535,286
Net deferred gains (losses) on hedging instruments		122,516			186,864
Land revaluation excess		167,681			164,974
Foreign currency translation adjustments		339,713			173,067
Remeasurements of defined benefit plans		(4,729	)		(14,726	)
Debt value adjustments of foreign subsidiaries and affiliates		4,702			(16,853	)

Total accumulated other comprehensive income		2,879,115			3,028,613

Subscription rights to shares		217			59
Non-controlling interests		1,082,184			1,079,235

Total net assets		17,261,677			17,882,464

Total liabilities and net assets		311,138,903			314,480,055

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 six months ended September 30, 2018		For the six months ended September 30, 2019
Ordinary income		3,375,731		3,585,298
Interest income		1,805,570		1,961,292
Interest on loans and bills discounted		1,154,602		1,209,195
Interest and dividends on securities		339,225		348,956
Trust fees		63,045		65,013
Fees and commissions		743,426		731,230
Trading income		120,617		123,294
Other operating income		174,085		367,862
Other ordinary income		468,984		336,604
Ordinary expenses		2,489,812		2,790,028
Interest expenses		835,371		1,027,255
Interest on deposits		268,539		362,252
Fees and commissions		109,675		111,577
Trading expenses		827		—
Other operating expenses		78,351		136,600
General and administrative expenses		1,335,443		1,338,911
Other ordinary expenses		130,143		175,682

Ordinary profits		885,919		795,270

Extraordinary gains		11,564		37,372
Gains on disposition of fixed assets		9,865		4,928
Reversal of reserve for contingent liabilities from financial instruments transactions		53		1
Gains on sales of shares of subsidiaries		—		30,336
Gains on step acquisitions		—		2,105
Gains on liquidation of subsidiaries		1,645		—
Extraordinary losses		28,721		46,537
Losses on disposition of fixed assets		3,486		5,284
Losses on impairment of fixed assets		8,507		16,609
Losses on change in equity		15,223		21,311
Losses on sales of shares of affiliates		1,504		3,332

Profits before income taxes		868,761		786,104

Income taxes-current		73,606		106,322
Income taxes-deferred		91,722		20,428

Total taxes		165,328		126,750

Profits		703,432		659,354

Profits attributable to non-controlling interests		52,636		49,395

Profits attributable to owners of parent		650,796		609,958

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the six months ended September 30, 2018			For the six months ended September 30, 2019
Profits		703,432			659,354
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		(5,335	)		245,078
Net deferred gains (losses) on hedging instruments		(81,847	)		66,646
Land revaluation excess		—			36
Foreign currency translation adjustments		(58,908	)		(112,523	)
Remeasurements of defined benefit plans		13,721			(10,082	)
Share of other comprehensive income of associates accounted for using equity method		(73,375	)		(30,732	)

Total other comprehensive income		(205,745	)		158,422

Comprehensive income		497,687			817,777

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		454,434			762,261
Comprehensive income attributable to non-controlling interests		43,252			55,516

Mitsubishi UFJ Financial Group, Inc.

(3)	Consolidated Statements of Changes in Net Assets

For the six months ended September 30, 2018


	(in millions of yen)
	Shareholders’ equity															Accumulated other comprehensive income
	Capital stock			Capital surplus			Retained earnings			Treasury stock			Total shareholders’ equity			Net unrealized gains (losses) on available- for-sale securities						Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,141,513			1,196,803			10,064,649			(522,158	)		12,880,807						2,388,234			59,360
Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates								(2,723	)					(2,723	)					(844	)
Restated balance		2,141,513			1,196,803			10,061,926			(522,158	)		12,878,084						2,387,390			59,360
Changes during the period
Cash dividends								(131,934	)					(131,934	)
Profits attributable to owners of parent								650,796						650,796
Repurchase of treasury stock											(60,721	)		(60,721	)
Disposal of treasury stock					(0	)					3,730			3,730
Retirement of treasury stock					(51,526	)					51,526			—
Reversal of land revaluation excess								1,153						1,153
Changes in subsidiaries’ equity					(122	)								(122	)
Net changes of items other than shareholders’ equity																				(23,712	)		(81,298	)

Total changes during the period		—			(51,648	)		520,015			(5,464	)		462,901						(23,712	)		(81,298	)

Balance at the end of the period		2,141,513			1,145,154			10,581,941			(527,623	)		13,340,986						2,363,677			(21,937	)


	Accumulated other comprehensive income
	Land revaluation excess			Foreign currency translation adjustments			Remeasurements of defined benefit plans			Debt value adjustments of foreign subsidiaries and affiliates			Total accumulated other comprehensive income			Subscription rights to shares			Non- controlling interests			Total net assets
Balance at the beginning of the period		170,239			499,557			62,182			(35,743	)		3,143,832			274			1,270,123			17,295,037
Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates														(844	)								(3,568	)
Restated balance		170,239			499,557			62,182			(35,743	)		3,142,987			274			1,270,123			17,291,469
Changes during the period
Cash dividends																							(131,934	)
Profits attributable to owners of parent																							650,796
Repurchase of treasury stock																							(60,721	)
Disposal of treasury stock																							3,730
Retirement of treasury stock																							—
Reversal of land revaluation excess																							1,153
Changes in subsidiaries’ equity																							(122	)
Net changes of items other than shareholders’ equity		(1,153	)		(135,483	)		14,857			29,275			(197,515	)		(56	)		18,638			(178,933	)

Total changes during the period		(1,153	)		(135,483	)		14,857			29,275			(197,515	)		(56	)		18,638			283,967

Balance at the end of the period		169,086			364,074			77,040			(6,468	)		2,945,472			217			1,288,761			17,575,437

Mitsubishi UFJ Financial Group, Inc.

For the six months ended September 30, 2019


	(in millions of yen)
	Shareholders’ equity															Accumulated other comprehensive income
	Capital stock			Capital surplus			Retained earnings			Treasury stock			Total shareholders’ equity			Net unrealized gains (losses) on available- for-sale securities						Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,141,513			1,034,641			10,640,655			(516,649	)		13,300,160			2,249,231						122,516

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates								2,983						2,983
Restated balance		2,141,513			1,034,641			10,643,639			(516,649	)		13,303,143			2,249,231						122,516
Changes during the period
Cash dividends								(142,552	)					(142,552	)
Profits attributable to owners of parent								609,958						609,958
Repurchase of treasury stock											(10	)		(10	)
Disposal of treasury stock					(752	)					2,452			1,700
Reversal of land revaluation excess								2,743						2,743
Changes in subsidiaries’ equity					(428	)								(428	)
Net changes of items other than shareholders’ equity																	286,055						64,348

Total changes during the period		—			(1,180	)		470,150			2,442			471,412			286,055						64,348

Balance at the end of the period		2,141,513			1,033,460			11,113,789			(514,207	)		13,774,556			2,535,286						186,864


	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		167,681			339,713			(4,729	)		4,702			2,879,115			217			1,082,184			17,261,677

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates																							2,983
Restated balance		167,681			339,713			(4,729	)		4,702			2,879,115			217			1,082,184			17,264,661
Changes during the period
Cash dividends																							(142,552	)
Profits attributable to owners of parent																							609,958
Repurchase of treasury stock																							(10	)
Disposal of treasury stock																							1,700
Reversal of land revaluation excess																							2,743
Changes in subsidiaries’ equity																							(428	)
Net changes of items other than shareholders’ equity		(2,707	)		(166,645	)		(9,996	)		(21,556	)		149,497			(157	)		(2,949	)		146,390

Total changes during the period		(2,707	)		(166,645	)		(9,996	)		(21,556	)		149,497			(157	)		(2,949	)		617,802

Balance at the end of the period		164,974			173,067			(14,726	)		(16,853	)		3,028,613			59			1,079,235			17,882,464

Mitsubishi UFJ Financial Group, Inc.

(4)	Notes on Going-Concern Assumption

None.

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 30, 2019


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


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

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

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

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

5. ROE	[ MUFG Consolidated ]	——	12

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

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

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

9. Progress in Disposition of Problem Assets	[ BK Non-consolidated ] [ TB Non-consolidated including Trust Account ]	——	23

10. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors	[ BK and TB Combined including Trust Accounts ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated : Trust Accounts ]	——	25

11. Overseas Loans	[ BK Consolidated excl. MUAH, KS, BDI ]56*7	——	29

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

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

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

(References)

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 six months ended						Increase
	September 30, 2019 (A)			September 30, 2018 (B)			(Decrease) (A) - (B)
Gross profits		1,973,337			1,882,598			90,738
Gross profits before credit costs for trust accounts		1,973,336			1,882,598			90,737
Net interest income		934,114			970,276			(36,161	)
Trust fees		65,013			63,045			1,967
Credit costs for trust accounts (1)		0			—			0
Net fees and commissions		619,652			633,751			(14,099	)
Net trading profits		123,294			119,790			3,504
Net other operating profits		231,261			95,734			135,526
Net gains (losses) on debt securities		179,502			(1,627	)		181,130
General and administrative expenses		1,342,022			1,314,457			27,565
Amortization of goodwill		11,596			8,595			3,000
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		642,910			576,736			66,173
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		631,314			568,141			63,172
Provision for general allowance for credit losses (2)		(24,067	)		—			(24,067	)
Net operating profits*		607,247			568,141			39,105
Net non-recurring gains (losses)		188,023			317,777			(129,754	)
Credit costs (3)		(43,362	)		(46,995	)		3,632
Losses on loan write-offs		(68,027	)		(59,883	)		(8,143	)
Provision for specific allowance for credit losses		23,277			—			23,277
Other credit costs		1,387			12,887			(11,500	)
Reversal of allowance for credit losses (4)		—			77,602			(77,602	)
Reversal of reserve for contingent losses included in credit costs (5)		5,232			56,412			(51,179	)
Gains on loans written-off (6)		44,103			30,949			13,154
Net gains (losses) on equity securities		17,722			85,149			(67,427	)
Gains on sales of equity securities		78,519			94,890			(16,371	)
Losses on sales of equity securities		(29,844	)		(8,254	)		(21,590	)
Losses on write-down of equity securities		(30,952	)		(1,486	)		(29,466	)
Equity in earnings of equity method investees		149,612			163,778			(14,165	)
Other non-recurring gains (losses)		14,715			(49,118	)		63,833

Ordinary profits		795,270			885,919			(90,648	)

Net extraordinary gains (losses)		(9,165	)		(17,157	)		7,992
Losses on impairment of fixed assets		(16,609	)		(8,507	)		(8,102	)
Losses on change in equity		(21,311	)		(15,223	)		(6,087	)
Gains on sales of shares of subsidiaries		30,336			—			30,336
Profits before income taxes		786,104			868,761			(82,656	)
Income taxes-current		106,322			73,606			32,715
Income taxes-deferred		20,428			91,722			(71,294	)
Total taxes		126,750			165,328			(38,578	)
Profits		659,354			703,432			(44,078	)
Profits attributable to non-controlling interests		49,395			52,636			(3,240	)

Profits attributable to owners of parent		609,958			650,796			(40,837	)

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

(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(18,093	)		117,968			(136,062	)

Number of consolidated subsidiaries		248			215			33
Number of affiliated companies accounted for under the equity method		54			59			(5	)

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the six months ended						Increase
	September 30, 2019 (A)			September 30, 2018 (B)			(Decrease) (A) - (B)
Gross profits		1,015,827			1,015,325			501
Gross profits before credit costs for trust accounts		1,015,826			1,015,325			500
Domestic gross profits		582,594			680,983			(98,389	)
Net interest income		330,316			444,609			(114,292	)
Trust fees		51,740			49,912			1,828
Credit costs for trust accounts (1)		0			—			0
Net fees and commissions		156,335			161,085			(4,750	)
Net trading profits		7,397			(1,440	)		8,838
Net other operating profits		36,803			26,816			9,986
Net gains (losses) on debt securities		30,649			16,791			13,858
Non-domestic gross profits		433,232			334,341			98,890
Net interest income		160,326			214,547			(54,220	)
Net fees and commissions		83,237			90,425			(7,188	)
Net trading profits		24,305			11,318			12,986
Net other operating profits		165,363			18,050			147,313
Net gains (losses) on debt securities		146,281			(17,597	)		163,879
General and administrative expenses		661,550			661,997			(447	)
Personnel expenses		223,265			230,964			(7,699	)
Non-personnel expenses		402,460			389,024			13,435
Taxes		35,824			42,008			(6,183	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		354,276			353,328			948
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		354,277			353,328			948
Net non-recurring gains (losses)		132,068			230,194			(98,126	)
Credit costs (3)		(4,447	)		4,982			(9,430	)
Losses on loan write-offs		(6,029	)		(7,874	)		1,845
Provision for specific allowance for credit losses		—			—			—
Other credit costs		1,582			12,857			(11,275	)
Reversal of allowance for credit losses (4)		64,322			105,165			(40,842	)
Reversal of reserve for contingent losses included in credit costs (5)		1,938			56,554			(54,616	)
Gains on loans written-off (6)		15,413			6,783			8,629
Net gains (losses) on equity securities		20,101			81,338			(61,236	)
Gains on sales of equity securities		83,033			91,543			(8,509	)
Losses on sales of equity securities		(30,721	)		(8,544	)		(22,176	)
Losses on write-down of equity securities		(32,210	)		(1,660	)		(30,549	)
Other non-recurring gains (losses)		34,739			(24,630	)		59,369

Ordinary profits		486,345			583,522			(97,177	)

Net extraordinary gains (losses)		(13,315	)		22,142			(35,458	)
Net gains (losses) on disposition of fixed assets		9			5,472			(5,463	)
Losses on impairment of fixed assets		(13,410	)		(8,225	)		(5,185	)
Gains on sales of shares of subsidiaries		—			15,400			(15,400	)
Income before income taxes		473,029			605,665			(132,635	)
Income taxes-current		54,225			35,770			18,455
Income taxes-deferred		68,064			75,415			(7,350	)
Total taxes		122,290			111,185			11,104

Net income		350,739			494,479			(143,740	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		77,227			173,486			(96,258	)

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities		177,345			354,134			(176,789	)
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		186,573			337,447			(150,873	)

Mitsubishi UFJ Financial Group, Inc.

BK Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2019 (A)			September 30, 2018 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,395,458			1,238,028			157,430
Net interest income		795,836			800,182			(4,345	)
Trust fees		6,248			6,580			(331	)
Net fees and commissions		325,744			338,312			(12,568	)
Net trading profits		33,691			34,950			(1,258	)
Net other operating profits		233,937			58,003			175,934
Net gains (losses) on debt securities		168,505			796			167,708
General and administrative expenses		927,971			902,523			25,448
Amortization of goodwill		11,267			8,054			3,213
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		478,754			343,559			135,195
Net operating profits before provision for general allowance for credit losses		467,487			335,504			131,982
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits*		467,487			335,504			131,982
Net non-recurring gains (losses)		75,244			207,495			(132,251	)
Credit costs (2)		(27,306	)		(7,756	)		(19,549	)
Losses on loan write-offs		(28,638	)		(20,644	)		(7,994	)
Provision for specific allowance for credit losses		—			—			—
Other credit costs		1,332			12,887			(11,554	)
Reversal of allowance for credit losses (3)		11,873			91,374			(79,500	)
Reversal of reserve for contingent losses included in credit costs (4)		5,283			56,554			(51,271	)
Gains on loans written-off (5)		33,171			20,638			12,533
Net gains (losses) on equity securities		21,594			76,841			(55,247	)
Gains on sales of equity securities		72,041			86,747			(14,706	)
Losses on sales of equity securities		(18,037	)		(8,700	)		(9,337	)
Losses on write-down of equity securities		(32,410	)		(1,206	)		(31,203	)
Equity in earnings of equity method investees		9,650			9,046			603
Other non-recurring gains (losses)		20,977			(39,202	)		60,180

Ordinary profits		542,731			543,000			(269	)

Net extraordinary gains (losses)		18,128			(7,347	)		25,475
Net gains (losses) on disposition of fixed assets		(1,422	)		(491	)		(931	)
Losses on impairment of fixed assets		(12,891	)		(7,418	)		(5,472	)
Gains on sales of shares of subsidiaries		30,336			—			30,336
Profits before income taxes		560,859			535,653			25,206
Income taxes-current		91,158			56,586			34,572
Income taxes-deferred		66,089			55,243			10,845
Total taxes		157,247			111,830			45,417
Profits		403,611			423,823			(20,211	)
Profits attributable to non-controlling interests		26,318			21,046			5,272

Profits attributable to owners of parent		377,292			402,776			(25,484	)


Note:
* Net operating profits = Net operating profits of BK + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		23,022			160,810			(137,788	)

Number of consolidated subsidiaries		123			126			(3	)
Number of affiliated companies accounted for under the equity method		43			48			(5	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2019 (A)			September 30, 2018 (B)			Increase (Decrease) (A) - (B)
Gross profits		848,027			843,834			4,193
Domestic gross profits		449,484			546,088			(96,603	)
Net interest income		296,727			405,072			(108,344	)
Net fees and commissions		114,224			120,424			(6,199	)
Net trading profits		1,556			(773	)		2,330
Net other operating profits		36,975			21,366			15,609
Net gains (losses) on debt securities		24,890			13,331			11,559
Non-domestic gross profits		398,542			297,745			100,797
Net interest income		134,726			172,626			(37,900	)
Net fees and commissions		81,896			89,660			(7,764	)
Net trading profits		23,058			11,427			11,630
Net other operating profits		158,860			24,029			134,830
Net gains (losses) on debt securities		140,769			(12,376	)		153,145
General and administrative expenses		567,282			570,408			(3,125	)
Personnel expenses		193,112			200,395			(7,283	)
Non-personnel expenses		343,535			333,379			10,156
Amortization of goodwill		174			182			(8	)
Taxes		30,634			36,632			(5,998	)
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		280,919			273,608			7,310
Net operating profits before provision for general allowance for credit losses		280,744			273,426			7,318
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits		280,744			273,426			7,318
Net non-recurring gains (losses)		133,022			229,007			(95,985	)
Credit costs (2)		(4,436	)		5,804			(10,240	)
Reversal of allowance for credit losses (3)		63,645			102,335			(38,689	)
Reversal of reserve for contingent losses included in credit costs (4)		1,898			56,554			(54,656	)
Gains on loans written-off (5)		15,413			6,777			8,635
Net gains (losses) on equity securities		19,796			74,724			(54,928	)
Gains on sales of equity securities		69,412			84,420			(15,008	)
Losses on sales of equity securities		(17,947	)		(8,185	)		(9,762	)
Losses on write-down of equity securities		(31,668	)		(1,510	)		(30,157	)
Other non-recurring gains (losses)		36,704			(17,189	)		53,894

Ordinary profits		413,766			502,433			(88,666	)

Net extraordinary gains (losses)		(13,768	)		7,939			(21,708	)
Net gains (losses) on disposition of fixed assets		(1,360	)		(1,428	)		68
Losses on impairment of fixed assets		(12,408	)		(7,154	)		(5,253	)
Gains on sales of shares of subsidiaries		—			15,400			(15,400	)
Income before income taxes		399,997			510,372			(110,375	)
Income taxes-current		48,902			29,669			19,233
Income taxes-deferred		59,555			57,303			2,252
Total taxes		108,458			86,972			21,485

Net income		291,539			423,400			(131,860	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		76,520			171,472			(94,951	)
Provision for general allowance for credit losses		(1,768	)		145,796			(147,564	)
Provision for special allowance for credit losses		65,358			(43,406	)		108,765
Allowance for credit to specific foreign borrowers		54			(55	)		109
Losses on loans write-off		(6,018	)		(7,285	)		1,267
Provision for contingent losses included in credit costs		1,898			56,554			(54,656	)
Gains on loans written-off		15,413			6,777			8,635
Losses on sales of other loans, etc.		1,582			13,090			(11,507	)

Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities		115,085			272,471			(157,386	)
Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation		118,118			274,450			(156,332	)

Mitsubishi UFJ Financial Group, Inc.

TB Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2019 (A)			September 30, 2018 (B)			Increase (Decrease) (A) - (B)
Gross profits		212,723			224,070			(11,347	)
Gross profits before credit costs for trust accounts		212,722			224,070			(11,348	)
Trust fees		58,907			56,612			2,294
Trust fees before credit costs for trust accounts		58,906			56,612			2,294
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		8,285			7,009			1,276
Other trust fees		50,621			49,603			1,017
Credit costs for trust accounts (1)		0			—			0
Net interest income		43,862			74,910			(31,047	)
Net fees and commissions		88,317			87,051			1,266
Net trading profits		9,443			699			8,743
Net other operating profits		12,192			4,797			7,394
Net gains (losses) on debt securities		10,896			(1,822	)		12,719
General and administrative expenses		141,116			134,591			6,525
Amortization of goodwill		528			539			(10	)
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		72,135			90,019			(17,883	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		71,606			89,479			(17,873	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits*		71,606			89,479			(17,872	)
Net non-recurring gains (losses)		94			607			(512	)
Credit costs (3)		(61	)		(612	)		551
Losses on loan write-offs		(19	)		(612	)		592
Provision for specific allowance for credit losses		—			—			—
Other credit costs		(41	)		—			(41	)
Reversal of allowance for credit losses (4)		634			2,714			(2,080	)
Reversal of reserve for contingent losses included in credit costs (5)		—			1			(1	)
Gains on loans written-off (6)		34			19			15
Net gains (losses) on equity securities		323			6,617			(6,294	)
Gains on sales of equity securities		13,621			7,122			6,498
Losses on sales of equity securities		(12,773	)		(358	)		(12,414	)
Losses on write-down of equity securities		(525	)		(145	)		(379	)
Profits (losses) from investments in affiliates		790			923			(133	)
Other non-recurring gains (losses)		(1,626	)		(9,056	)		7,430

Ordinary profits		71,701			90,087			(18,385	)

Net extraordinary gains (losses)		675			13,148			(12,473	)
Net gains (losses) on disposition of fixed assets		1,686			6,892			(5,205	)
Losses on impairment of fixed assets		(1,011	)		(1,072	)		60
Profits before income taxes		72,376			103,235			(30,859	)
Income taxes-current		9,943			10,676			(733	)
Income taxes-deferred		8,456			18,502			(10,045	)
Total taxes		18,400			29,178			(10,778	)
Profits		53,976			74,056			(20,080	)
Profits attributable to non-controlling interests		315			2,021			(1,706	)

Profits attributable to owners of parent		53,660			72,034			(18,374	)

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)	608	2,122	(1,514	)

Number of consolidated subsidiaries	88	55	33
Number of affiliated companies accounted for under the equity method	7	7	—

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	71,971	90,768	(18,797	)
Profits attributable to owners of parent	53,873	72,931	(19,057	)
Number of the entities transferred to IHC	4	3	1

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)
	For the six months ended						Increase
	September 30, 2019 (A)			September 30, 2018 (B)			(Decrease) (A) - (B)
Gross profits		167,800			171,491			(3,691	)
Gross profits before credit costs for trust accounts		167,799			171,491			(3,692	)
Domestic gross profits		133,110			134,895			(1,785	)
Trust fees		51,740			49,912			1,828
Trust fees before credit costs for trust accounts		51,740			49,912			1,828
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		8,285			7,009			1,276
Other trust fees		43,454			42,902			551
Credit costs for trust accounts (1)		0			—			0
Net interest income		33,589			39,537			(5,948	)
Net fees and commissions		42,110			40,661			1,449
Net trading profits		5,841			(666	)		6,507
Net other operating profits		(171	)		5,450			(5,622	)
Net gains (losses) on debt securities		5,759			3,460			2,299
Non-domestic gross profits		34,689			36,596			(1,906	)
Net interest income		25,599			41,920			(16,320	)
Net fees and commissions		1,340			764			575
Net trading profits		1,246			(109	)		1,355
Net other operating profits		6,502			(5,979	)		12,482
Net gains (losses) on debt securities		5,512			(5,220	)		10,733
General and administrative expenses		94,267			91,589			2,678
Personnel expenses		30,153			30,568			(415	)
Non-personnel expenses		58,925			55,645			3,279
Taxes		5,189			5,375			(185	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		73,531			79,902			(6,370	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		73,532			79,902			(6,370	)
Net non-recurring gains (losses)		(953	)		1,187			(2,140	)
Credit costs (3)		(11	)		(821	)		810
Reversal of allowance for credit losses (4)		677			2,830			(2,152	)
Reversal of reserve for contingent losses included in credit costs (5)		39			—			39
Gains on loans written-off (6)		0			5			(5	)
Net gains (losses) on equity securities		305			6,613			(6,307	)
Gains on sales of equity securities		13,621			7,122			6,498
Losses on sales of equity securities		(12,773	)		(358	)		(12,414	)
Losses on write-down of equity securities		(542	)		(150	)		(392	)
Other non-recurring gains (losses)		(1,965	)		(7,440	)		5,475

Ordinary profits		72,578			81,089			(8,510	)

Net extraordinary gains (losses)		453			14,203			(13,749	)
Net gains (losses) on disposition of fixed assets		1,369			6,901			(5,531	)
Losses on impairment of fixed assets		(1,001	)		(1,070	)		68
Income before income taxes		73,031			95,292			(22,260	)
Income taxes-current		5,322			6,100			(778	)
Income taxes-deferred		8,509			18,112			(9,602	)
Total taxes		13,832			24,213			(10,380	)

Net income		59,199			71,079			(11,879	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		706			2,014			(1,307	)
Credit costs for trust accounts		0			—			0
Provision for general allowance for credit losses		658			2,821			(2,162	)
Provision for special allowance for credit losses		18			9			9
Allowance for credit to specific foreign borrowers		—			—			—
Losses on loans write-offs		(11	)		(589	)		577
Provision for contingent losses included in credit costs		39			(232	)		272
Gains on loans written-off		0			5			(5	)
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		62,259			81,663			(19,403	)
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		68,455			62,996			5,458

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BK Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2019 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2018 (B)
Total average interest rate on interest-earning assets (a)		0.51		(0.18	)		0.69
Average interest rate on loans and bills discounted (b)		0.78		(0.03	)		0.81
Average interest rate on securities		0.61		(0.81	)		1.43
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.49		(0.02	)		0.52
Average interest rate on deposits and NCD (d)		0.00		(0.00	)		0.00
Average interest rate on other liabilities		0.20		0.00			0.20
Overall interest rate spread (a)-(c)		0.01		(0.16	)		0.17
Interest rate spread (b)-(d)		0.77		(0.03	)		0.81

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.80		(0.04	)		0.85
Interest rate spread (e)-(d)		0.80		(0.04	)		0.84

TB Non-consolidated

	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2019 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2018 (B)
Total average interest rate on interest-earning assets (a)		0.62		0.01			0.60
Average interest rate on loans and bills discounted (b)		0.35		(0.04	)		0.40
Average interest rate on securities		1.68		(0.11	)		1.79
Total average interest rate on interest-bearing liabilities (c)		0.13		0.00			0.12
Average interest rate on deposits and NCD (d)		0.04		(0.00	)		0.04
Overall interest rate spread (a)-(c)		0.48		0.01			0.47
Interest rate spread (b)-(d)		0.31		(0.03	)		0.35

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.67		0.05			0.61
Interest rate spread (e)-(d)		0.62		0.06			0.56

BK and TB Combined

	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2019 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2018 (B)
Average interest rate on loans and bills discounted (a)		0.75		(0.02	)		0.78
Average interest rate on deposits and NCD (b)		0.00		(0.00	)		0.00
Interest rate spread (a)-(b)		0.74		(0.02	)		0.77

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (c)		0.80		(0.03	)		0.83
Interest rate spread (c)-(b)		0.79		(0.03	)		0.82

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 September 30, 2019

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

1,524.6

5,151.5

6,590.7

13,266.8

Receive-floater/pay-fix

584.8

1,867.9

1,570.5

4,023.3

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

2,109.4

7,019.4

8,161.2

17,290.1

BK Consolidated

(in billions of yen)

As of September 30, 2019

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

1,362.0

4,562.8

6,501.6

12,426.5

Receive-floater/pay-fix

103.6

451.6

239.2

794.5

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

1,465.7

5,014.4

6,740.9

13,221.1

TB Consolidated

(in billions of yen)

As of September 30, 2019

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

162.5

588.7

89.0

840.3

Receive-floater/pay-fix

475.4

1,344.6

1,279.6

3,099.8

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

638.0

1,933.3

1,368.7

3,940.1

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 September 30, 2019									As of March 31, 2019
	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		4,222,490		37,682			61,876		24,193		4,448,167		11,047			46,365		35,317
Domestic bonds		1,100,637		46,492			46,492		—		1,100,701		41,618			41,618		—
Government bonds		1,100,637		46,492			46,492		—		1,100,701		41,618			41,618		—
Municipal bonds		—		—			—		—		—		—			—		—
Corporate bonds		—		—			—		—		—		—			—		—
Other		3,121,852		(8,809	)		15,383		24,193		3,347,466		(30,570	)		4,746		35,317
Foreign bonds		1,067,849		9,216			13,772		4,555		1,213,548		(20,140	)		3,330		23,471
Other		2,054,003		(18,026	)		1,611		19,638		2,133,918		(10,430	)		1,415		11,846

	(in millions of yen)
	As of September 30, 2019									As of March 31, 2019
	Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on consolidated balance sheet		Unrealized gains (losses)			Gains		Losses
Available-for-sale securities		58,541,327		3,673,040			3,907,967		234,927		60,578,654		3,335,691			3,640,100		304,408
Domestic equity securities		4,811,277		2,699,033			2,751,017		51,984		4,953,392		2,764,362			2,827,068		62,706
Domestic bonds		25,273,833		377,822			389,877		12,055		27,261,206		357,491			359,092		1,600
Government bonds		19,022,493		292,852			303,738		10,886		21,542,335		278,970			279,803		833
Municipal bonds		2,560,514		22,646			22,897		250		2,226,565		22,588			22,593		4
Corporate bonds		3,690,825		62,323			63,241		917		3,492,305		55,932			56,695		762
Other		28,456,217		596,184			767,072		170,887		28,364,055		213,838			453,939		240,101
Foreign equity securities		101,518		38,865			38,880		14		114,879		52,586			52,598		11
Foreign bonds		21,624,536		539,228			561,508		22,279		21,532,914		173,648			285,313		111,665
Other		6,730,162		18,090			166,683		148,593		6,716,261		(12,396	)		116,027		128,424

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 September 30, 2019

As of March 31, 2019

Amount on
balance sheet

Unrealized
gains (losses)

Gains

Losses

Amount on
balance sheet

Unrealized
gains (losses)

Gains

Losses

Debt securities being held to maturity

2,100,780

36,446

46,888

10,442

2,149,931

33,864

42,230

8,366

Stocks of subsidiaries and affiliates

1,605,209

(443,618

)

6,927

450,546

1,187,700

(19,953

)

14,409

34,362

(in millions of yen)

As of September 30, 2019

As of March 31, 2019

Amount on
balance sheet

Unrealized
gains (losses)

Gains

Losses

Amount on
balance sheet

Unrealized
gains (losses)

Gains

Losses

Available-for-sale securities

41,892,369

2,625,146

2,798,659

173,513

43,913,005

2,553,484

2,757,924

204,440

Domestic equity securities

3,915,675

2,109,798

2,154,365

44,566

4,032,799

2,162,644

2,222,605

59,961

Domestic bonds

23,210,954

328,125

340,273

12,147

24,613,103

319,638

321,025

1,386

Other

14,765,739

187,222

304,021

116,798

15,267,102

71,201

214,292

143,091

Foreign equity securities

79,809

32,379

32,393

95,816

45,829

46,465

636

Foreign bonds

11,459,714

230,787

237,542

6,754

11,332,011

108,606

142,259

33,652

Other

3,226,215

(75,944

)

34,085

110,029

3,839,275

(83,235

)

25,567

108,802

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

(in millions of yen)

As of September 30, 2019

As of March 31, 2019

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

Domestic bonds

11,854,000

4,920,987

4,176,869

3,359,734

10,665,367

7,727,089

4,839,031

2,482,315

Government bonds

11,663,988

3,248,777

1,314,135

2,043,218

10,497,931

6,322,360

2,117,947

1,255,705

Municipal bonds

11,762

492,332

2,030,993

7,297

368,529

1,825,241

Corporate bonds

178,248

1,179,877

831,741

1,316,477

160,137

1,036,200

895,842

1,226,530

Other

2,118,340

2,005,774

3,610,339

6,563,297

1,891,059

2,000,842

2,821,111

7,639,867

Foreign bonds

1,835,305

881,460

3,161,190

5,561,683

1,451,742

931,649

2,453,091

6,477,391

Other

283,035

1,124,314

449,148

1,001,614

439,316

1,069,192

368,020

1,162,475

Total

13,972,340

6,926,762

7,787,209

9,923,031

12,556,426

9,727,932

7,660,143

10,122,183

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 September 30, 2019									As of March 31, 2019
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Debt securities being held to maturity		917,774		(7,124	)		1,173		8,297		942,676		(2,360	)		795		3,156
Stocks of subsidiaries and affiliates		33,082		(1,293	)		39		1,332		54,072		(9	)		534		544

	(in millions of yen)
	As of September 30, 2019									As of March 31, 2019
	Amount on balance sheet		Unrealized gains (losses)			Gains		Losses		Amount on balance sheet		Unrealized gains (losses)			Gains		Losses
Available-for-sale securities		12,059,785		932,825			986,363		53,538		12,521,803		752,676			804,225		51,549
Domestic equity securities		939,454		532,061			544,046		11,984		971,597		545,080			554,752		9,672
Domestic bonds		2,173,132		48,658			48,696		37		2,759,889		36,881			37,225		344
Other		8,947,198		352,105			393,620		41,515		8,790,317		170,714			212,246		41,532
Foreign equity securities		43		34			34		—		92		53			53		—
Foreign bonds		6,764,304		261,779			268,006		6,226		7,065,334		103,400			128,031		24,630
Other		2,182,850		90,290			125,579		35,289		1,724,890		67,260			84,162		16,901

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of September 30, 2019									As of March 31, 2019
	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		795,568		605,207			124,545		647,811		1,133,504		893,919			131,775		600,688
Government bonds		783,133		546,645			10,365		613,129		1,120,051		839,796			10,220		580,825
Municipal bonds		—		2,570			22,812		4		—		2,578			22,830		8
Corporate bonds		12,435		55,991			91,367		34,677		13,453		51,545			98,725		19,854
Other		604,495		2,117,761			2,935,169		3,121,373		672,678		1,941,745			3,119,972		3,111,976
Foreign bonds		477,559		1,569,968			2,639,847		2,978,513		605,965		1,574,550			2,890,838		2,925,587
Other		126,936		547,793			295,322		142,860		66,713		367,195			229,134		186,389

Total		1,400,064		2,722,969			3,059,714		3,769,184		1,806,183		2,835,665			3,251,748		3,712,665

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the six months
ended
September 30, 2019
(A)

Increase
(Decrease)
(A) - (B)

For the six months
ended
September 30, 2018
(B)

ROE

8.84

(0.76

)

9.61

Note:

ROE is computed as follows:

Profits attributable to owners of parent × 2

×100

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

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio

MUFG Consolidated


	(in billions of yen)
	As of September 30, 2019 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
(1) Total capital ratio (4)/(7)		16.64	%		0.61	%		16.03	%
(2) Tier 1 capital ratio (5)/(7)		14.33	%		0.43	%		13.90	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.68	%		0.44	%		12.23	%
(4) Total capital		18,822.1			52.3			18,769.7
(5) Tier 1 capital		16,208.4			(67.8	)		16,276.3
(6) Common Equity Tier 1 capital		14,337.6			15.2			14,322.4
(7) Risk weighted assets		113,066.6			(4,024.4	)		117,091.1
(8) Required Capital (7)×8%		9,045.3			(321.9	)		9,367.2

BK Consolidated

	(in billions of yen)
	As of September 30, 2019 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
(1) Total capital ratio (4)/(7)		15.13	%		0.70	%		14.42	%
(2) Tier 1 capital ratio (5)/(7)		13.01	%		0.55	%		12.46	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		11.39	%		0.55	%		10.83	%
(4) Total capital		14,606.2			(26.3	)		14,632.6
(5) Tier 1 capital		12,562.6			(76.7	)		12,639.4
(6) Common Equity Tier 1 capital		10,996.3			5.5			10,990.8
(7) Risk weighted assets		96,538.5			(4,887.7	)		101,426.3
(8) Required Capital (7)×8%		7,723.0			(391.0	)		8,114.1

TB Consolidated

	(in billions of yen)
	As of September 30, 2019 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
(1) Total capital ratio (4)/(7)		24.35	%		(0.04	)%		24.40	%
(2) Tier 1 capital ratio (5)/(7)		20.91	%		(0.34	)%		21.26	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		19.09	%		(0.48	)%		19.57	%
(4) Total capital		2,050.0			(163.1	)		2,213.1
(5) Tier 1 capital		1,760.6			(168.2	)		1,928.9
(6) Common Equity Tier 1 capital		1,607.2			(168.3	)		1,775.5
(7) Risk weighted assets		8,416.2			(652.9	)		9,069.2
(8) Required Capital (7)×8%		673.3			(52.2	)		725.5

BK Non-consolidated

	(in billions of yen)
	As of September 30, 2019 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
(1) Total capital ratio (4)/(7)		16.49	%		0.90	%		15.58	%
(2) Tier 1 capital ratio (5)/(7)		14.31	%		0.78	%		13.53	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.48	%		0.79	%		11.69	%
(4) Total capital		13,653.1			92.5			13,560.5
(5) Tier 1 capital		11,849.6			75.8			11,773.8
(6) Common Equity Tier 1 capital		10,338.0			165.8			10,172.2
(7) Risk weighted assets		82,776.8			(4,213.2	)		86,990.0
(8) Required Capital (7)×8%		6,622.1			(337.0	)		6,959.2

TB Non-consolidated

	(in billions of yen)
	As of September 30, 2019 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
(1) Total capital ratio (4)/(7)		23.91	%		(0.34	)%		24.25	%
(2) Tier 1 capital ratio (5)/(7)		20.89	%		(0.22	)%		21.12	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		19.29	%		(0.13	)%		19.42	%
(4) Total capital		2,287.8			92.7			2,195.0
(5) Tier 1 capital		1,998.9			87.6			1,911.2
(6) Common Equity Tier 1 capital		1,845.9			87.6			1,758.2
(7) Risk weighted assets		9,566.1			516.7			9,049.4
(8) Required Capital (7)×8%		765.2			41.3			723.9

Note:

Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.

Risk-adjusted capital ratio of BK and TB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

Mitsubishi UFJ Financial Group, Inc.

7. Risk-Monitored Loans

MUFG Consolidated


(1) Risk-Monitored Loans
	(in millions of yen)
	As of September 30, 2019 (A)		% to total loans and bills discounted			As of March 31, 2019 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		50,968		0.04	%		46,597		0.04	%		4,370			0.00	%
Non-accrual delinquent loans		607,800		0.57	%		586,487		0.54	%		21,313			0.02	%
Accruing loans contractually past due 3 months or more		16,441		0.01	%		18,600		0.01	%		(2,159	)		(0.00	)%
Restructured loans		374,628		0.35	%		315,406		0.29	%		59,221			0.05	%

Total risk monitored loans		1,049,839		0.98	%		967,092		0.90	%		82,747			0.08	%

Total loans and bills discounted		106,189,204					107,412,468					(1,223,263	)
Written-off		304,428					332,364					(27,935	)

(2) Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2019 (A)		% to total risk monitored loans			As of March 31, 2019 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		660,419		62.90	%		711,236		73.54	%		(50,816	)		(10.63	)%
General allowance for credit losses		452,431					440,539					11,892
Specific allowance for credit losses		207,753					270,408					(62,654	)
Allowance for credit to specific foreign borrowers		234					288					(54	)

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		598,330		584,353		13,976
Overseas		451,508		382,738		68,770
Asia		233,389		170,399		62,990
Indonesia		39,924		4,505		35,418
Singapore		42,076		29,123		12,952
Thailand		134,676		125,845		8,830
Hong Kong		161		554		(393	)
Other		16,550		10,368		6,181
Americas		132,325		148,273		(15,948	)
Europe, Middle East and Other		85,794		64,065		21,728

Total		1,049,839		967,092		82,747


Classified by Industry
	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		598,330		584,353		13,976
Manufacturing		86,530		86,736		(205	)
Construction		9,255		9,999		(744	)
Wholesale and retail		111,462		108,643		2,818
Finance and insurance		867		900		(32	)
Real estate, goods rental and leasing		33,660		36,888		(3,227	)
Services		54,237		32,950		21,286
Other industries		15,565		16,414		(848	)
Consumer		286,750		291,819		(5,069	)
Overseas		451,508		382,738		68,770
Financial institutions		1,606		1,109		496
Commercial and industrial		353,821		293,645		60,175
Other		96,081		87,982		8,098

Total		1,049,839		967,092		82,747

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


(1) Risk-Monitored Loans
	(in millions of yen)
	As of September 30, 2019 (A)		% to total loans and bills discounted			As of March 31, 2019 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		19,741		0.02	%		34,846		0.03	%		(15,104	)		(0.01	)%
Non-accrual delinquent loans		339,218		0.39	%		331,709		0.37	%		7,508			0.01	%
Accruing loans contractually past due 3 months or more		9,868		0.01	%		11,101		0.01	%		(1,233	)		(0.00	)%
Restructured loans		205,540		0.24	%		167,737		0.19	%		37,803			0.04	%

Total risk monitored loans		574,369		0.67	%		545,395		0.62	%		28,974			0.05	%

Total loans and bills discounted		85,585,951					87,877,986					(2,292,034	)
Written-off		251,495					280,313					(28,818	)

(2) Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2019 (A)		% to total risk monitored loans			As of March 31, 2019 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		269,329		46.89	%		344,871		63.23	%		(75,541	)		(16.34	)%
General allowance for credit losses		189,698					188,953					744
Specific allowance for credit losses		79,397					155,628					(76,231	)
Allowance for credit to specific foreign borrowers		234					288					(54	)

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		407,042		394,674		12,367
Overseas		167,326		150,720		16,606
Asia		58,756		40,026		18,729
Indonesia		—		—		—
Singapore		42,076		29,123		12,952
Thailand		—		—		—
Hong Kong		161		554		(393	)
Other		16,517		10,347		6,169
Americas		42,546		65,861		(23,315	)
Europe, Middle East and Other		66,024		44,832		21,191

Total		574,369		545,395		28,974


Classified by Industry
	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		407,042		394,674		12,367
Manufacturing		86,515		86,721		(205	)
Construction		9,233		9,979		(745	)
Wholesale and retail		111,332		108,505		2,826
Finance and insurance		864		897		(32	)
Real estate		29,756		32,542		(2,786	)
Goods rental and leasing		1,658		1,876		(217	)
Services		54,215		32,934		21,281
Other industries		15,558		16,405		(846	)
Consumer		97,906		104,813		(6,906	)
Overseas		167,326		150,720		16,606
Financial institutions		—		541		(541	)
Commercial and industrial		161,086		144,322		16,764
Other		6,239		5,857		382

Total		574,369		545,395		28,974

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2019 (A)		% to total loans and bills discounted			As of March 31, 2019 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		—		—			—		—			—			—
Non-accrual delinquent loans		3,842		0.08	%		3,714		0.07	%		127			0.00	%
Accruing loans contractually past due 3 months or more		7		0.00	%		190		0.00	%		(183	)		(0.00	)%
Restructured loans		1,903		0.04	%		2,067		0.04	%		(163	)		(0.00	)%

Total risk monitored loans		5,753		0.13	%		5,973		0.12	%		(219	)		0.00	%

Total loans and bills discounted		4,412,807					4,643,676					(230,869	)
Written-off		602					591					10

(2) Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2019 (A)		% to total risk monitored loans			As of March 31, 2019 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		1,948		33.86	%		2,712		45.41	%		(764	)		(11.55	)%
General allowance for credit losses		1,486					2,146					(660	)
Specific allowance for credit losses		462					566					(103	)
Allowance for credit to specific foreign borrowers		—					—					—

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		5,753		5,973		(219	)
Overseas		—		—		—
Asia		—		—		—
Indonesia		—		—		—
Singapore		—		—		—
Thailand		—		—		—
Hong Kong		—		—		—
Other		—		—		—
Americas		—		—		—
Europe, Middle East and Other		—		—		—

Total		5,753		5,973		(219	)


Classified by Industry
	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		5,753		5,973		(219	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		2,245		2,443		(198	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		3,508		3,529		(21	)
Overseas		—		—		—
Financial institutions		—		—		—
Commercial and industrial		—		—		—
Other		—		—		—

Total		5,753		5,973		(219	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Account

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

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2019 (A)		% to total loans and bills discounted			As of March 31, 2019 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		—		—			—		—			—			—
Non-accrual delinquent loans		0		0.00	%		0		0.00	%		—			0.00	%
Accruing loans contractually past due 3 months or more		5		0.04	%		7		0.04	%		(1	)		(0.00	)%
Restructured loans		114		0.87	%		117		0.83	%		(2	)		0.04	%

Total risk monitored loans		120		0.92	%		124		0.88	%		(4	)		0.03	%

Total loans and bills discounted		13,092					14,083					(991	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Allowance for bad debts		39		42		(2	)
(3) Classification of Risk-Monitored Loans Classified by Industry
	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		120		124		(4	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		115		119		(4	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		4		4		(0	)

Total		120		124		(4	)

Mitsubishi UFJ Financial Group, Inc.

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

BK and TB Combined including Trust Account

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

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2019 (A)			As of March 31, 2019 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		92,633			106,612			(13,978	)
Doubtful		346,189			351,417			(5,227	)
Special Attention		217,435			181,216			36,218
Non Performing Loans (1)		656,259			639,246			17,012

Normal		97,999,992			101,449,372			(3,449,379	)

Total		98,656,251			102,088,618			(3,432,366	)

Non Performing Loans / Total		0.66	%		0.62	%		0.03	%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2019 (A)			As of March 31, 2019 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		504,633			534,060			(29,427	)
Allowance for credit losses		144,968			203,342			(58,373	)
Collateral, guarantees, etc.		359,664			330,717			28,946

Coverage ratio (2) / (1)		76.89	%		83.54	%		(6.64	)%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount (A)

Allowance for
credit losses (B)

Covered by
collateral and/or
guarantees (C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] / (A)

Bankrupt or De facto Bankrupt

92,633

4,115

88,518

——

100.00

[106,612

]

[4,427

]

[102,184

]

[100.00

Doubtful

346,189

74,283

192,236

——

76.98

[351,417

]

[148,237

]

[141,343

]

[82.40

Special Attention

217,435

66,569

78,910

——

66.90

[181,216

]

[50,677

]

[87,189

]

[76.07

Total

656,259

144,968

359,664

——

76.89

[639,246

]

[203,342

]

[330,717

]

[83.54

Note: The upper figures are as of September 30, 2019. The lower figures with brackets are as of March 31, 2019.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		418,530		482,874		(64,343	)
Manufacturing		87,240		88,249		(1,008	)
Construction		9,234		10,000		(765	)
Wholesale and retail		113,839		111,336		2,503
Finance and insurance		1,258		1,283		(24	)
Real estate		32,494		35,704		(3,209	)
Goods rental and leasing		1,658		1,876		(217	)
Services		54,622		108,140		(53,517	)
Other industries		16,666		17,732		(1,066	)
Consumer		101,513		108,550		(7,036	)
Overseas		237,728		156,371		81,356
Financial institutions		—		541		(541	)
Commercial and industrial		231,305		149,784		81,520
Other		6,422		6,045		377

Total		656,259		639,246		17,012

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2019 (A)			As of March 31, 2019 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		91,975			106,026			(14,050	)
Doubtful		342,994			348,192			(5,198	)
Special Attention		215,409			178,838			36,570
Non Performing Loans (1)		650,379			633,058			17,320

Normal		93,452,163			96,714,385			(3,262,221	)

Total		94,102,542			97,347,444			(3,244,901	)

Non Performing Loans / Total		0.69	%		0.65	%		0.04	%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2019 (A)			As of March 31, 2019 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		500,107			529,523			(29,415	)
Allowance for credit losses		144,742			202,948			(58,206	)
Collateral, guarantees, etc.		355,365			326,574			28,790

Coverage ratio (2) / (1)		76.89	%		83.64	%		(6.75	)%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount (A)

Allowance for
credit losses (B)

Covered by
collateral and/or
guarantees (C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] / (A)

Bankrupt or De facto Bankrupt

91,975

4,115

87,860

100.00

[106,026

]

[4,342

]

[101,684

]

[100.00

Doubtful

342,994

74,266

189,114

48.26

76.78

[348,192

]

[148,215

]

[138,218

]

[70.58

[82.26

Special Attention

215,409

66,359

78,390

48.43

67.19

[178,838

]

[50,391

]

[86,671

]

[54.67

[76.64

Total

650,379

144,742

355,365

49.06

76.89

[633,058

]

[202,948

]

[326,574

]

[66.21

[83.64

Note:

The upper figures are as of September 30, 2019. The lower figures with brackets are as of March 31, 2019.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		412,650		476,686		(64,036	)
Manufacturing		87,240		88,249		(1,008	)
Construction		9,234		10,000		(765	)
Wholesale and retail		113,839		111,336		2,503
Finance and insurance		1,258		1,283		(24	)
Real estate		30,134		33,141		(3,007	)
Goods rental and leasing		1,658		1,876		(217	)
Services		54,622		108,140		(53,517	)
Other industries		16,666		17,732		(1,066	)
Consumer		97,994		104,925		(6,931	)
Overseas		237,728		156,371		81,356
Financial institutions		—		541		(541	)
Commercial and industrial		231,305		149,784		81,520
Other		6,422		6,045		377

Total		650,379		633,058		17,320

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2019 (A)			As of March 31, 2019 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		657			585			72
Doubtful		3,190			3,219			(28	)
Special Attention		1,910			2,258			(347	)
Non Performing Loans (1)		5,759			6,063			(303	)

Normal		4,534,856			4,721,027			(186,170	)

Total		4,540,616			4,727,090			(186,474	)

Non Performing Loans / Total		0.12	%		0.12	%		(0.00	)%

(2) Status of Coverage of Non Performing Loans
	(in millions of yen)
	As of September 30, 2019 (A)			As of March 31, 2019 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		4,520			4,532			(11	)
Allowance for credit losses		226			393			(167	)
Collateral, guarantees, etc.		4,294			4,138			155
Coverage ratio (2) / (1)		78.49	%		74.74	%		3.74	%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount (A)

Allowance for
credit losses (B)

Covered by
collateral and/
or guarantees (C)

Coverage ratio for
unsecured portion
(B) /[(A) - (C)]

Coverage ratio
[(B) + (C)] /(A)

Bankrupt or De facto Bankrupt

657

—

657

100.00

[585

]

[84

]

[500

]

[100.00

Doubtful

3,190

3,117

22.42

98.20

[3,219

]

[22

]

[3,120

]

[22.60

[97.62

Special Attention

1,910

209

519

15.07

38.15

[2,258

]

[286

]

[517

]

[16.44

[35.58

Total

5,759

226

4,294

15.44

78.49

[6,063

]

[393

]

[4,138

]

[20.44

[74.74

Note:

The upper figures are as of September 30, 2019. The lower figures with brackets are as of March 31, 2019.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		5,759		6,063		(303	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		2,245		2,443		(198	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		3,514		3,619		(105	)
Overseas		—		—		—
Financial institutions		—		—		—
Commercial and industrial		—		—		—
Other		—		—		—

Total		5,759		6,063		(303	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Account

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

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2019 (A)			As of March 31, 2019 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		0			0			0
Doubtful		4			4			(0	)
Special Attention		115			119			(4	)
Non Performing Loans (1)		120			124			(4	)

Normal		12,972			13,959			(987	)

Total		13,092			14,083			(991	)

Non Performing Loans / Total		0.92	%		0.88	%		0.03	%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2019 (A)			As of March 31, 2019 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		4			4			(0	)
Allowance for credit losses		—			—			—
Collateral, guarantees, etc.		4			4			(0	)

Coverage ratio (2) / (1)		4.07	%		3.95	%		0.11	%
(3) Coverage Ratio

(in millions of yen)

Category

Loan amount (A)

Allowance for
credit losses (B)

Covered by
collateral and/
or guarantees (C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] / (A)

Bankrupt or De facto Bankrupt

]

—

[—

]

——

100.00

[100.00

Doubtful

]

—

[—

]

——

100.00

[100.00

Special Attention

115

[119

]

—

[—

]

—

[—

]

——

—

[—

]

Total

120

[124

]

—

[—

]

——

4.07

[3.95

Note: The upper figures are as of September 30, 2019. The lower figures with brackets are as of March 31, 2019.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2019 (A)		As of March 31, 2019 (B)		Increase (Decrease) (A) - (B)
Domestic		120		124		(4	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		115		119		(4	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		4		4		(0	)

Total		120		124		(4	)

Mitsubishi UFJ Financial Group, Inc.

Overview of Non-Performing Loans

BK and TB Combined

(in billions of yen)

Self-Assessment

Coverage

ratio for

unsecured

portion

Non-Performing Loans
Based on the “FRL”

Risk-Monitored Loans

Category of
Borrowers

Classification

Non-
Classification

Classification
II

Classification
III

Classification
IV

Bankrupt
Borrowers

[88.5]

[2.7]

[1.3]

(*1)

100.00%

i) Bankrupt or

De facto Bankrupt

[92.6]

Loans to bankrupt borrowers

[19.7]

Substantially
Bankrupt
Borrowers

Non-accrual

delinquent loans

[343.0]

Potentially
Bankrupt
Borrowers

[192.4]

[153.7]

48.25%

ii) Doubtful

[346.1]

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

[217.3]

48.09%

iii) Special Attention

[217.3]

Accruing loans contractually past due

3 months or more

[9.8]

Restructured loans

[207.4]

Borrowers
Requiring
Caution
(Other
Borrowers)

iv) Normal

[97,987.0]

Normal
Borrowers

Non-Performing Loans Based on the “FRL”

Risk-Monitored Loans

i) + ii) + iii)

656.1

580.1

Total

i) + ii) + iii) + iv)

98,643.1

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

Mitsubishi UFJ Financial Group, Inc.

9. Progress in Disposition of Problem Assets

BK Non-consolidated

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


	(in millions of yen)
	As of March 31, 2017		As of March 31, 2018		As of March 31, 2019 (A)		As of September 30, 2019 (B)		(B) - (A)
Assets newly categorized during fiscal 2016		156,527		66,294		45,674		34,688		(10,985	)
Assets newly categorized during fiscal 2017				125,207		33,393		26,394		(6,998	)
Assets newly categorized during fiscal 2018						178,183		46,425		(131,757	)
Assets newly categorized during fiscal 2019								152,960

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the first half of the fiscal year ended September 30, 2019
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		1,128
Reconstructive treatment		15,138
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		11,845
Write-offs		6,091
Others		138,004
Collection / Repayment		32,209
Upgrade		105,795

Total		172,209		26,716		145,493


Amount in process for disposition		74,772

Note:

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

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated including Trust Account

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

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


	(in millions of yen)
	As of March 31, 2017		As of March 31, 2018		As of March 31, 2019 (A)		As of September 30, 2019 (B)		(B) - (A)
Assets newly categorized during fiscal 2016		1,872		643		380		285		(94	)
Assets newly categorized during fiscal 2017				1,319		491		328		(163	)
Assets newly categorized during fiscal 2018						1,067		640		(426	)
Assets newly categorized during fiscal 2019								834

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the first half of the fiscal year ended September 30, 2019
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		—
Reconstructive treatment		—
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		—
Write-offs		2
Others		788
Collection / Repayment		354
Upgrade		434

Total		791		88		702


Amount in process for disposition		695

Note:

Mitsubishi UFJ Financial Group, Inc.

10.

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

BK and TB Combined including Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Domestic offices (excluding loans booked at offshore markets)		65,885,510			(1,130,342	)		67,015,853
Manufacturing		9,948,840			123,586			9,825,253
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		193,088			17,291			175,797
Construction		678,969			(5,047	)		684,017
Utilities		2,013,088			21,610			1,991,478
Communication and information services		1,281,750			36,374			1,245,376
Transport and postal activities		2,171,158			(31,648	)		2,202,806
Wholesale and retail		6,189,080			(154,924	)		6,344,004
Finance and insurance		8,744,732			(633,121	)		9,377,853
Real estate		8,792,981			(38,692	)		8,831,673
Goods rental and leasing		2,018,815			(156,074	)		2,174,889
Services		2,789,348			(21,108	)		2,810,456
Municipal government		758,883			45,799			713,084
Other industries (including loans to the Japanese government)		20,304,773			(334,390	)		20,639,163
Overseas offices and loans booked at offshore markets		24,482,508			(1,384,008	)		25,866,517

Total		90,368,019			(2,514,351	)		92,882,371

(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Total domestic consumer loans		15,773,703			(144,050	)		15,917,754
Housing loans		14,985,110			(136,823	)		15,121,934
Residential purpose		13,094,965			(93,785	)		13,188,751
Other		788,592			(7,227	)		795,819
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Outstanding amount		38,813,331			(308,262	)		39,121,593
% to total domestic loans		58.91	%		0.53	%		58.37	%

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Domestic offices (excluding loans booked at offshore markets)		61,272,518			(806,742	)		62,079,261
Manufacturing		9,948,745			123,601			9,825,143
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		193,088			17,291			175,797
Construction		678,969			(5,047	)		684,017
Utilities		1,968,088			21,610			1,946,478
Communication and information services		1,273,629			35,867			1,237,762
Transport and postal activities		2,150,070			(30,299	)		2,180,369
Wholesale and retail		6,189,036			(154,922	)		6,343,958
Finance and insurance		7,051,470			(410,484	)		7,461,954
Real estate		8,664,183			(28,443	)		8,692,626
Goods rental and leasing		2,018,815			(156,074	)		2,174,889
Services		2,693,456			(67,917	)		2,761,373
Municipal government		754,342			45,823			708,519
Other industries (including loans to the Japanese government)		17,688,627			(197,749	)		17,886,376
Overseas offices and loans booked at offshore markets		24,313,432			(1,485,291	)		25,798,724

Total		85,585,951			(2,292,034	)		87,877,986

(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Total domestic consumer loans		14,631,510			(83,904	)		14,715,414
Housing loans		13,845,505			(77,039	)		13,922,544
Residential purpose		12,057,790			(42,723	)		12,100,514
Other		786,004			(6,865	)		792,869
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Outstanding amount		36,845,167			(148,803	)		36,993,970
% to total domestic loans		60.13	%		0.54	%		59.59	%

Mitsubishi UFJ Financial Group, Inc.


TB Non-consolidated
(1) Loans Classified by Type of Industry
	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Domestic offices (excluding loans booked at offshore markets)		4,243,731			(332,152	)		4,575,883
Manufacturing		95			(15	)		110
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		—			—			—
Communication and information services		8,121			507			7,614
Transport and postal activities		1,088			(1,349	)		2,437
Wholesale and retail		44			(2	)		46
Finance and insurance		1,617,957			(230,915	)		1,848,872
Real estate		126,128			(9,686	)		135,814
Goods rental and leasing		—			—			—
Services		95,892			46,809			49,083
Municipal government		—			—			—
Other industries (including loans to the Japanese government)		2,394,403			(137,502	)		2,531,905
Overseas offices and loans booked at offshore markets		169,075			101,282			67,793

Total		4,412,807			(230,869	)		4,643,676


(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Total domestic consumer loans		1,136,332			(59,722	)		1,196,055
Housing loans		1,133,756			(59,367	)		1,193,124
Residential purpose		1,031,656			(50,700	)		1,082,356
Other		2,575			(354	)		2,930

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Outstanding amount		1,723,750			(149,658	)		1,873,408
% to total domestic loans		40.61	%		(0.32	)%		40.94	%

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Domestic offices (excluding loans booked at offshore markets)		369,260			8,552			360,708
Manufacturing		—			—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		45,000			—			45,000
Communication and information services		—			—			—
Transport and postal activities		20,000			—			20,000
Wholesale and retail		—			—			—
Finance and insurance		75,305			8,278			67,027
Real estate		2,670			(563	)		3,233
Goods rental and leasing		—			—			—
Services		—			—			—
Municipal government		4,541			(24	)		4,565
Other industries (including loans to the Japanese government)		221,743			861			220,882
Overseas offices and loans booked at offshore markets		—			—			—

Total		369,260			8,552			360,708


(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Total domestic consumer loans		5,860			(423	)		6,284
Housing loans		5,848			(416	)		6,265
Residential purpose		5,518			(361	)		5,880
Other		11			(7	)		19

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Outstanding amount		244,414			(9,801	)		254,215
% to total domestic loans		66.19	%		(4.28	)%		70.47	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BK Consolidated excl. MUAH, KS, BDI


	(in millions of yen)
	As of September 30, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Americas		8,797,702		(807,571	)		9,605,273
United States of America		6,874,380		(641,768	)		7,516,149
Canada		711,616		24,193			687,422
Brazil		495,168		(45,070	)		540,239
Mexico		354,037		(109,365	)		463,402
Others		362,498		(35,560	)		398,059
Asia/Oceania		10,566,860		(373,351	)		10,940,211
Hong Kong		2,153,040		(298,241	)		2,451,282
Singapore		1,423,987		(39,584	)		1,463,572
China		1,348,454		17,966			1,330,487
Australia		1,260,091		(100,162	)		1,360,253
Indonesia		1,008,615		(30,934	)		1,039,549
India		795,316		23,323			771,992
Malaysia		648,847		(55,082	)		703,930
Taiwan		623,077		207,040			416,037
South Korea		383,081		(42,431	)		425,512
New Zealand		307,752		(26,456	)		334,208
Philippines		235,307		26,087			209,219
Others		379,286		(54,877	)		434,163
EMEA		7,496,920		(436,582	)		7,933,502
United Kingdom		1,821,912		(61,175	)		1,883,088
Netherlands		776,872		(38,702	)		815,575
Saudi Arabia		551,950		(45,374	)		597,325
Germany		509,493		(27,008	)		536,502
France		424,957		(62,586	)		487,543
Switzerland		272,863		(499	)		273,363
Qatar		262,598		96,046			166,551
Turkey		257,871		(30,673	)		288,545
UAE		235,286		(25,918	)		261,204
Ireland		234,714		1,440			233,274
Luxembourg		224,221		4,044			220,176
Italy		206,977		(19,716	)		226,694
Belgium		193,306		(10,170	)		203,477
Russia		191,230		17,584			173,645
South Africa		163,900		(6,982	)		170,882
Oman		123,626		40,089			83,536
Poland		117,652		(4,826	)		122,479
Others		927,484		(262,152	)		1,189,637

Total		26,861,482		(1,617,504	)		28,478,987

Note:

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



	(in millions of yen)
	As of September 30, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
MUAH		9,355,888		(70,085	)		9,425,973
KS		4,637,822		363,221			4,274,600
BDI		1,008,738		1,008,738			—

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of September 30, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Deposits (ending balance)		163,201,925		(2,668,326	)		165,870,252
Deposits (average balance)		165,114,127		458,562			164,655,565
Loans (ending balance)		89,998,759		(2,522,903	)		92,521,663
Loans (average balance)		92,385,883		(2,399,723	)		94,785,607
BK Non-consolidated
	(in millions of yen)
	As of September 30, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Deposits (ending balance)		151,607,934		(1,262,739	)		152,870,674
Deposits (average balance)		153,190,207		2,467,880			150,722,326
Loans (ending balance)		85,585,951		(2,292,034	)		87,877,986
Loans (average balance)		87,850,426		(1,613,127	)		89,463,553
TB Non-consolidated
	(in millions of yen)
	As of September 30, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Deposits (ending balance)		11,593,990		(1,405,587	)		12,999,578
Deposits (average balance)		11,923,919		(2,009,318	)		13,933,238
Loans (ending balance)		4,412,807		(230,869	)		4,643,676
Loans (average balance)		4,535,457		(786,595	)		5,322,053

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BK and TB Combined


	(in millions of yen)
	As of September 30, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Individuals		77,723,927		712,985			77,010,942
Corporations and others		62,768,767		(2,269,749	)		65,038,517
Domestic deposits		140,492,695		(1,556,764	)		142,049,459
Note: Amounts do not include negotiable certificates of deposit and JOM accounts.
BK Non-consolidated
	(in millions of yen)
	As of September 30, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Individuals		70,621,658		848,283			69,773,375
Corporations and others		59,553,501		(1,297,055	)		60,850,557
Domestic deposits		130,175,159		(448,772	)		130,623,932
Note: Amounts do not include negotiable certificates of deposit and JOM accounts.
TB Non-consolidated
	(in millions of yen)
	As of September 30, 2019 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Individuals		7,102,269		(135,297	)		7,237,567
Corporations and others		3,215,266		(972,693	)		4,187,959
Domestic deposits		10,317,536		(1,107,991	)		11,425,527
Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

Mitsubishi UFJ Financial Group, Inc.

14. Status of Deferred Tax Assets

BK Non-consolidated

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


	(in billions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Deferred tax assets		420.6			(60.7	)		481.4
Allowance for credit losses		135.8			(32.1	)		168.0
Write-down on investment securities		94.1			(3.3	)		97.4
Unrealized losses on Available-for-sale securities		5.7			(4.8	)		10.6
Reserve for retirement benefits		94.4			(3.1	)		97.6
Reserve for contingent losses		15.8			(13.1	)		29.0
Depreciation and Impairment losses		47.3			5.5			41.8
Devaluation on land upon merger		27.3			(0.6	)		27.9
Other		121.6			(11.2	)		132.8
Valuation allowance		(121.8	)		2.2			(124.0	)
Deferred tax liabilities		1,014.3			69.2			945.0
Unrealized gains on Available-for-sale securities		740.9			22.0			718.8
Net deferred gains on hedging instruments		128.9			45.7			83.1
Revaluation gains on securities upon merger		56.5			(0.9	)		57.4
Gains on securities contributed to employees’ retirement benefits trust		45.2			0.1			45.1
Other		42.6			2.2			40.3
Net deferred tax assets		(593.6	)		(130.0	)		(463.6	)

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


	(in billions of yen)
	FY2014			FY2015			FY2016			FY2017			FY2018			Interim FY2019
Net operating profits before provision for general allowance for credit losses		931.4			888.1			666.9			554.3			388.4			280.7
Total credit costs		(70.7	)		(103.4	)		(25.4	)		56.0			128.5			76.5
Income before income taxes		860.2			884.7			632.2			580.0			767.2			399.9
Reconciliation to taxable income		(12.6	)		(113.3	)		(86.2	)		(156.0	)		(500.2	)		(236.2	)
Taxable income		847.5			771.3			546.0			424.0			267.0			163.7

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

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

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

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


	(in billions of yen)
	As of September 30, 2019 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2019 (B)
Deferred tax assets		72.0			17.3			54.7
Net deferred losses on hedging instruments		33.7			18.8			14.8
Gains on securities related to employees’ retirement benefits trust		28.2			1.1			27.1
Write-down on investment securities		10.0			(1.3	)		11.3
Depreciation and Impairment losses		9.7			(1.9	)		11.6
Reserve for contingent losses		4.7			0.0			4.6
Other		14.9			(1.8	)		16.7
Valuation allowance		(29.3	)		2.3			(31.7	)
Deferred tax liabilities		362.5			62.2			300.3
Unrealized gains on Available-for-sale securities		278.5			55.4			223.0
Reserve for retirement benefits		74.8			7.6			67.1
Other		9.2			(0.9	)		10.1
Net deferred tax assets		(290.5	)		(44.9	)		(245.6	)

(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)
	FY2014			FY2015			FY2016			FY2017			FY2018			Interim FY2019
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		190.4			193.0			181.4			162.1			144.5			73.5
Total credit costs		(0.4	)		(0.2	)		(22.5	)		23.4			1.3			0.7
Income before income taxes		201.4			218.6			156.3			249.7			127.9			73.0
Reconciliation to taxable income		(40.4	)		(68.1	)		1.8			(69.5	)		(79.2	)		(45.6	)
Taxable income		160.9			150.4			158.1			180.2			48.7			27.4

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

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

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Financial Statements

BK Non-consolidated

(1)	Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2019			As of September 30, 2019
Assets:
Cash and due from banks		59,746,754			58,610,578
Call loans		252,844			253,100
Receivables under resale agreements		1,866,300			4,892,013
Monetary claims bought		4,612,969			4,176,001
Trading assets		4,643,224			5,224,833
Money held in trust		27,671			20,163
Securities		48,739,675			47,315,344
Loans and bills discounted		87,877,986			85,585,951
Foreign exchanges		1,900,228			1,634,095
Other assets		7,769,316			7,677,059
Tangible fixed assets		851,214			828,973
Intangible fixed assets		405,029			422,662
Prepaid pension costs		297,639			330,398
Customers’ liabilities for acceptances and guarantees		6,951,006			6,350,114
Allowance for credit losses		(344,871	)		(269,329	)

Total assets		225,596,992			223,051,960

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2019			As of September 30, 2019
Liabilities:
Deposits		152,870,674			151,607,934
Negotiable certificates of deposit		6,943,221			5,979,852
Call money		78,172			419,975
Payables under repurchase agreements		12,079,598			11,323,109
Payables under securities lending transactions		532			—
Commercial papers		1,341,534			1,917,578
Trading liabilities		2,631,051			2,637,031
Borrowed money		20,551,571			20,300,532
Foreign exchanges		2,911,717			2,680,176
Bonds payable		2,170,606			1,998,819
Other liabilities		5,435,991			5,743,137
Reserve for bonuses		27,470			21,369
Reserve for bonuses to directors		115			48
Reserve for stocks payment		4,931			4,669
Reserve for retirement benefits		6,067			5,764
Reserve for loyalty award credits		1,310			1,457
Reserve for contingent losses		103,747			51,956
Deferred tax liabilities		463,656			593,664
Deferred tax liabilities for land revaluation		110,060			107,901
Acceptances and guarantees		6,951,006			6,350,114

Total liabilities		214,683,037			211,745,094

Net assets:
Capital stock		1,711,958			1,711,958
Capital surplus		3,878,275			3,878,275
Capital reserve		1,711,958			1,711,958
Other capital surplus		2,166,317			2,166,317
Retained earnings		3,832,259			4,072,458
Revenue reserve		190,044			190,044
Other retained earnings		3,642,215			3,882,414
Funds for retirement benefits		2,432			2,432
Other reserve		718,196			718,196
Earned surplus brought forward		2,921,586			3,161,785
Treasury stock		(645,700	)		(645,700	)

Total shareholders’ equity		8,776,793			9,016,992

Net unrealized gains (losses) on available-for-sale securities		1,735,268			1,785,586
Net deferred gains (losses) on hedging instruments		189,167			292,462
Land revaluation excess		212,725			211,825

Total valuation and translation adjustments		2,137,161			2,289,874

Total net assets		10,913,954			11,306,866

Total liabilities and net assets		225,596,992			223,051,960

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(2) Non-consolidated Statements of Income


(in millions of yen)	For the six months ended September 30, 2018		For the six months ended September 30, 2019
Ordinary income		1,902,928		1,925,492
Interest income		1,193,369		1,114,938
Interest on loans and bills discounted		736,516		727,238
Interest and dividends on securities		303,708		228,343
Fees and commissions		298,639		288,120
Trading income		11,481		24,615
Other operating income		125,183		300,456
Other ordinary income		274,254		197,361
Ordinary expenses		1,400,494		1,511,726
Interest expenses		615,675		683,487
Interest on deposits		192,709		256,245
Fees and commissions		88,553		91,999
Trading expenses		827		—
Other operating expenses		79,787		104,620
General and administrative expenses		585,428		559,479
Other ordinary expenses		30,221		72,139

Ordinary profits		502,433		413,766

Extraordinary gains		17,528		2,473
Extraordinary losses		9,589		16,242

Income before income taxes		510,372		399,997

Income taxes-current		29,669		48,902
Income taxes-deferred		57,303		59,555

Total taxes		86,972		108,458

Net income		423,400		291,539

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2019			As of September 30, 2019
Assets:
Cash and due from banks		13,087,180			10,716,635
Call loans		26,136			11,804
Receivables under resale agreements		—			4,675
Receivables under securities borrowing transactions		143,486			181,797
Monetary claims bought		113,856			77,330
Trading assets		504,804			604,127
Money held in trust		114,048			113,069
Securities		13,755,938			13,622,038
Loans and bills discounted		4,643,676			4,412,807
Foreign exchanges		61,374			91,738
Other assets		698,373			729,902
Tangible fixed assets		137,455			128,582
Intangible fixed assets		71,974			75,094
Prepaid pension costs		339,455			364,074
Customers’ liabilities for acceptances and guarantees		18,760			33,507
Allowance for credit losses		(2,712	)		(1,948	)

Total assets		33,713,809			31,165,236

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2019			As of September 30, 2019
Liabilities:
Deposits		12,999,578			11,593,990
Negotiable certificates of deposit		2,324,711			2,355,610
Call money		12,858			—
Payables under repurchase agreements		5,302,674			4,687,422
Commercial papers		775,752			806,874
Trading liabilities		44,933			45,699
Borrowed money		1,113,981			1,082,966
Foreign exchanges		41,353			46,351
Bonds payable		621,573			549,508
Due to trust accounts		7,725,909			7,103,562
Other liabilities		401,921			363,053
Reserve for bonuses		4,608			4,514
Reserve for bonuses to directors		97			34
Reserve for stocks payment		3,786			3,602
Reserve for retirement benefits		1,050			556
Reserve for contingent losses		15,272			15,545
Deferred tax liabilities		245,612			290,513
Deferred tax liabilities for land revaluation		4,232			4,195
Acceptances and guarantees		18,760			33,507

Total liabilities		31,658,668			28,987,511

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		1,083,418			1,124,374
Revenue reserve		73,714			73,714
Other retained earnings		1,009,704			1,050,660
Funds for retirement benefits		710			710
Other reserve		138,495			138,495
Earned surplus brought forward		870,499			911,455
Treasury stock		(299,999	)		(299,999	)

Total shareholders’ equity		1,563,668			1,604,624

Net unrealized gains (losses) on available-for-sale securities		526,178			649,848
Net deferred gains (losses) on hedging instruments		(34,115	)		(76,390	)
Land revaluation excess		(590	)		(358	)

Total valuation and translation adjustments		491,472			573,100

Total net assets		2,055,140			2,177,724

Total liabilities and net assets		33,713,809			31,165,236

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(2)	Non-consolidated Statements of Income


(in millions of yen)	For the six months ended September 30, 2018		For the six months ended September 30, 2019
Ordinary income		352,152		345,515
Trust fees		49,912		51,740
Interest income		210,171		187,669
Interest on loans and bills discounted		31,463		22,168
Interest and dividends on securities		140,838		129,849
Fees and commissions		57,702		60,948
Trading income		60		7,088
Other operating income		17,757		21,025
Other ordinary income		16,548		17,044
Ordinary expenses		271,062		272,937
Interest expenses		128,786		128,554
Interest on deposits		17,893		16,179
Fees and commissions		16,276		17,496
Trading expenses		836		—
Other operating expenses		18,285		14,695
General and administrative expenses		97,110		93,804
Other ordinary expenses		9,767		18,386

Ordinary profits		81,089		72,578

Extraordinary gains		19,947		2,500
Extraordinary losses		5,744		2,047

Income before income taxes		95,292		73,031

Income taxes-current		6,100		5,322
Income taxes-deferred		18,112		8,509

Total taxes		24,213		13,832

Net income		71,079		59,199

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, 2019		As of September 30, 2019
Assets:
Loans and bills discounted		360,708		369,260
Securities		58,002,805		57,238,482
Beneficiary rights to the trust		79,369,495		82,922,067
Securities held in custody accounts		3,367,036		3,811,346
Monetary claims		18,475,973		20,975,875
Tangible fixed assets		14,466,100		15,123,856
Intangible fixed assets		134,221		135,736
Other claims		3,414,876		3,189,072
Call loans		1,062,298		865,864
Due from banking account		9,531,008		9,040,523
Cash and due from banks		5,860,812		5,048,184

Total		194,045,337		198,720,269

Liabilities:
Money trusts		25,237,376		24,629,375
Pension trusts		11,957,774		11,674,674
Property formation benefit trusts		7,528		7,094
Investment trusts		84,634,927		87,507,823
Money entrusted other than money trusts		4,088,974		4,531,787
Securities trusts		5,528,493		6,164,020
Monetary claim trusts		17,364,307		19,325,268
Equipment trusts		80,967		81,043
Land and fixtures trusts		43,889		43,836
Composite trusts		45,101,098		44,755,343

Total		194,045,337		198,720,269


Note:	1.	The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.
	2.	Trust assets and liabilities under a declaration of trust excluded from above table are 1,504 millions of yen as of March 31, 2019 and 844,222 millions of yen as of September 30, 2019.

Detailed information for “Money trust” with contracts indemnifying the principal amounts

(including trusts for which beneficiary interests are re-entrusted)


(in millions of yen)	As of March 31, 2019		As of September 30, 2019
Assets:
Loans and bills discounted		14,083		13,092
Securities		62,808		59,184
Other		7,555,920		6,988,615

Total		7,632,813		7,060,893

Liabilities:
Principal		7,617,688		7,045,741
Allowance for bad debts		42		39
Other		15,082		15,112

Total		7,632,813		7,060,893

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(4)	Major Items


(in millions of yen)	As of March 31, 2019		As of September 30, 2019
Total funds		52,526,969		50,260,746

Deposits		12,999,578		11,593,990
Negotiable certificates of deposit		2,324,711		2,355,610
Money trusts		25,237,376		24,629,375
Pension trusts		11,957,774		11,674,674
Property formation benefit trusts		7,528		7,094

Loans and bills discounted		5,004,385		4,782,067

Banking account		4,643,676		4,412,807
Trust account		360,708		369,260

Investment securities		71,758,743		70,860,521

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.