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

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K/A

 

 

Report of Foreign Private Issuer

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

the Securities Exchange Act of 1934

For the month of June 2022

Commission File No. 000-54189

 

 

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

 

 

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

Tokyo 100-8330, Japan

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or

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

Form 20-F      X      Form 40-F              

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

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

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

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

 

 

 

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-242048) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

SIGNATURES

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

Date: June 2, 2022

 

Mitsubishi UFJ Financial Group, Inc.
By:   /s/ Naoki Ueda
Name:   Naoki Ueda
Title:  

Managing Director, Head of
Documentation & Corporate

Secretary Department,

Corporate Administration Division

Mitsubishi UFJ Financial Group, Inc. (MUFG)

(TSE Code: 8306)

Corrections to “Consolidated Summary Report <under Japanese GAAP>

for the fiscal year ended March 31, 2022”

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

– End –

About MUFG

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

 

1

(Translation)    Appendix

 

Corrections:

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

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

(3) Cash Flows

 

*

The corrected figures are underlined.

(Before Correction)

     Cash Flows from
Operating Activities		      Cash Flows from
Investing Activities		     Cash Flows from
Financing Activities		     Cash and Cash Equivalents
at the end of the period		  
     million yen      million yen     million yen     million yen  

Fiscal year ended

          

March 31, 2022

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

March 31, 2021

      34,904,946        (10,140,343 )      (436,071 )      102,980,711  
(After Correction)          
     Cash Flows from
Operating Activities		      Cash Flows from
Investing Activities		     Cash Flows from
Financing Activities		     Cash and Cash Equivalents
at the end of the period		  
     million yen      million yen     million yen     million yen  

Fiscal year ended

          

March 31, 2022

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

March 31, 2021

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

 

2

(Translation)    Appendix

 

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

3. Consolidated Financial Statements and Notes

(4) Consolidated Statements of Cash Flows

 

*

The corrected figures are underlined.

(Before Correction)

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

Cash flows from operating activities:

     

Profits before income taxes

        1,042,036         1,489,857  

Depreciation and amortization

      338,617       345,199  

Impairment losses

      41,240       174,133  

Amortization of goodwill

      16,833       18,051  

Equity in losses (gains) of equity method investees

      (321,761 )      (441,595 ) 

Increase (decrease) in allowance for credit losses

      216,270       96,652  

Increase (decrease) in reserve for bonuses

      8,477       15,217  

Increase (decrease) in reserve for bonuses to directors

      410       (18 ) 

Increase (decrease) in reserve for stocks payment

      (383 )      (2,477 ) 

Decrease (increase) in net defined benefit assets

      (387,415 )      (106,980 ) 

Increase (decrease) in net defined benefit liabilities

      2,247       645  

Increase (decrease) in reserve for retirement benefits to directors

      (185 )      (60 ) 

Increase (decrease) in reserve for loyalty award credits

      (12,357 )      (540 ) 

Increase (decrease) in reserve for contingent losses

      (26,234 )      47,681  

Interest income recognized on statement of income

      (2,678,691 )      (2,587,445 ) 

Interest expenses recognized on statement of income

      773,719       543,957  

Losses (gains) on securities

      (240,645 )      (225,395 ) 

Losses (gains) on money held in trust

      56,796       21,347  

Foreign exchange losses (gains)

      (1,270,550 )      (2,788,581 ) 

Losses (gains) on sales of fixed assets

      (16,630 )      (16,862 ) 

Net decrease (increase) in trading assets

      (531,184 )      3,575,115  

Net increase (decrease) in trading liabilities

      52,686       (2,045,592 ) 

Adjustment of unsettled trading accounts

      555,568       793,285  

Net decrease (increase) in loans and bills discounted

      1,092,978       (2,101,763 ) 

Net increase (decrease) in deposits

      24,839,332       3,015,798  

Net increase (decrease) in negotiable certificates of deposit

      327,904       2,822,861  

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

      6,621,372       573,366  

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

      10,364,263       1,110,169  

Net decrease (increase) in receivables under securities borrowing transactions

      15,787       (977,957 ) 

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

      (8,133,589 )      2,166,231  

Net increase (decrease) in commercial papers

      (347,748 )      288,342  

Net increase (decrease) in payables under securities lending transactions

      (214,910 )      227,626  

Net decrease (increase) in foreign exchanges (assets)

      (181,308 )      (365,896 ) 

Net increase (decrease) in foreign exchanges (liabilities)

      (115,966 )      75,450  

Net increase (decrease) in short-term bonds payable

      80,706       273,801  

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

      (287,095 )      917,007  

Net increase (decrease) in due to trust accounts

      1,409,881       1,602,553  

Interest income (cash basis)

      2,821,239       2,657,591  

Interest expenses (cash basis)

      (844,633 )      (546,500 ) 

Others

      (50,656 )      (759,464 ) 
  

 

 

    

 

 

  

Sub-total

      35,016,420       9,884,813  
  

 

 

    

 

 

  

Income taxes

      (236,321 )      (300,616 ) 

Refund of income taxes

      124,847       51,246  
  

 

 

    

 

 

  

Net cash provided by (used in) operating activities

      34,904,946       9,635,443  
  

 

 

    

 

 

  

 

3

(Translation)    Appendix

 

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

Cash flows from investing activities:

     

Purchases of securities

      (116,742,577 )      (97,893,977 ) 

Proceeds from sales of securities

      65,188,712       60,280,489  

Proceeds from redemption of securities

      42,121,240       36,458,516  

Payments for increase in money held in trust

      (1,241,659 )      (1,165,165 ) 

Proceeds from decrease in money held in trust

      901,330       1,110,030  

Purchases of tangible fixed assets

      (133,671 )      (101,275 ) 

Purchases of intangible fixed assets

      (263,119 )      (282,728 ) 

Proceeds from sales of tangible fixed assets

      49,226       82,256  

Proceeds from sales of intangible fixed assets

      8,223       1,277  

Payments for transfer of businesses

      —         (724,428 ) 

Payments for acquisition of businesses

      (520 )      —    

Proceeds from transfer of businesses

      —         33,038  

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

      (23,239 )      (1,165 ) 

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

      —         2,813  

Others

      (4,289 )      (2,409 ) 
  

 

 

    

 

 

  

Net cash provided by (used in) investing activities

      (10,140,343 )      (2,202,726 ) 
  

 

 

    

 

 

  

Cash flows from financing activities:

     

Proceeds from subordinated borrowings

      20,000       —    

Repayments of subordinated borrowings

      (21,000 )      —    

Proceeds from issuance of subordinated bonds payable and bonds with warrants

      272,742       226,091  

Payments for redemption of subordinated bonds payable and bonds with warrants

      (381,454 )      (789,480 ) 

Proceeds from issuance of common stock to non-controlling shareholders

      4,856       3,569  

Repayments to non-controlling shareholders

      (23 )      —    

Dividends paid by MUFG

      (321,772 )      (334,619 ) 

Dividends paid by subsidiaries to non-controlling shareholders

      (14,826 )      (32,622 ) 

Purchases of treasury stock

      (13 )      (158,515 ) 

Proceeds from sales of treasury stock

      2,143       209,855  

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

      (0 )      (250 ) 

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

      3,275       —    
  

 

 

    

 

 

  

Net cash provided by (used in) financing activities

      (436,071 )      (875,972 ) 
  

 

 

    

 

 

  

Effect of foreign exchange rate changes on cash and cash equivalents

      316,544       1,228,889  
  

 

 

    

 

 

  

Net increase (decrease) in cash and cash equivalents

      24,645,076       7,785,634  
  

 

 

    

 

 

  

Cash and cash equivalents at the beginning of the period

      78,335,634       102,980,711  
  

 

 

    

 

 

  

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

      —         (3,109 ) 
  

 

 

    

 

 

  

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

      —         (30 ) 
  

 

 

    

 

 

  

Cash and cash equivalents at the end of the period

      102,980,711       110,763,205  
  

 

 

    

 

 

  

 

4

(Translation)    Appendix

 

(After Correction)

 

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

Cash flows from operating activities:

     

Profits before income taxes

        1,042,036         1,489,857  

Depreciation and amortization

      338,617       345,199  

Impairment losses

      41,240       174,133  

Amortization of goodwill

      16,833       18,051  

Equity in losses (gains) of equity method investees

      (321,761 )      (441,595 ) 

Increase (decrease) in allowance for credit losses

      216,270       96,652  

Increase (decrease) in reserve for bonuses

      8,477       15,217  

Increase (decrease) in reserve for bonuses to directors

      410       (18 ) 

Increase (decrease) in reserve for stocks payment

      (383 )      (2,477 ) 

Decrease (increase) in net defined benefit assets

      (387,415 )      (106,980 ) 

Increase (decrease) in net defined benefit liabilities

      2,247       645  

Increase (decrease) in reserve for retirement benefits to directors

      (185 )      (60 ) 

Increase (decrease) in reserve for loyalty award credits

      (12,357 )      (540 ) 

Increase (decrease) in reserve for contingent losses

      (26,234 )      47,681  

Interest income recognized on statement of income

      (2,678,691 )      (2,587,445 ) 

Interest expenses recognized on statement of income

      773,719       543,957  

Losses (gains) on securities

      (240,645 )      (225,395 ) 

Losses (gains) on money held in trust

      56,796       21,347  

Foreign exchange losses (gains)

      (1,270,550 )      (2,788,581 ) 

Losses (gains) on sales of fixed assets

      (16,630 )      (16,862 ) 

Net decrease (increase) in trading assets

      (531,184 )      3,575,115  

Net increase (decrease) in trading liabilities

      52,686       (2,045,592 ) 

Adjustment of unsettled trading accounts

      555,568       793,285  

Net decrease (increase) in loans and bills discounted

      1,092,978       (2,101,763 ) 

Net increase (decrease) in deposits

      24,839,332       3,015,798  

Net increase (decrease) in negotiable certificates of deposit

      327,904       2,822,861  

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

      6,621,372       573,366  

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

      10,364,263       1,110,169  

Net decrease (increase) in receivables under securities borrowing transactions

      15,787       (977,957 ) 

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

      (8,133,589 )      2,166,231  

Net increase (decrease) in commercial papers

      (347,748 )      288,342  

Net increase (decrease) in payables under securities lending transactions

      (214,910 )      227,626  

Net decrease (increase) in foreign exchanges (assets)

      (181,308 )      (365,896 ) 

Net increase (decrease) in foreign exchanges (liabilities)

      (115,966 )      75,450  

Net increase (decrease) in short-term bonds payable

      80,706       273,801  

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

      (287,095 )      917,007  

Net increase (decrease) in due to trust accounts

      1,409,881       1,602,553  

Interest income (cash basis)

      2,821,239       2,657,591  

Interest expenses (cash basis)

      (844,633 )      (546,500 ) 

Others

      (50,656 )      (555,008 ) 
  

 

 

    

 

 

  

Sub-total

      35,016,420       10,089,269  
  

 

 

    

 

 

  

Income taxes

      (236,321 )      (300,616 ) 

Refund of income taxes

      124,847       51,246  
  

 

 

    

 

 

  

Net cash provided by (used in) operating activities

      34,904,946       9,839,899  
  

 

 

    

 

 

  

 

5

(Translation)    Appendix

 

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

Cash flows from investing activities:

     

Purchases of securities

      (116,742,577 )      (97,893,977 ) 

Proceeds from sales of securities

      65,188,712       60,280,489  

Proceeds from redemption of securities

      42,121,240       36,458,516  

Payments for increase in money held in trust

      (1,241,659 )      (1,165,165 ) 

Proceeds from decrease in money held in trust

      901,330       1,110,030  

Purchases of tangible fixed assets

      (133,671 )      (101,275 ) 

Purchases of intangible fixed assets

      (263,119 )      (282,728 ) 

Proceeds from sales of tangible fixed assets

      49,226       82,256  

Proceeds from sales of intangible fixed assets

      8,223       1,277  

Payments for transfer of businesses

      —         (724,428 ) 

Payments for acquisition of businesses

      (520 )      —    

Proceeds from transfer of businesses

      —         33,038  

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

      (23,239 )      (1,165 ) 

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

      —         2,813  

Others

      (4,289 )      (2,409 ) 
  

 

 

    

 

 

  

Net cash provided by (used in) investing activities

      (10,140,343 )      (2,202,726 ) 
  

 

 

    

 

 

  

Cash flows from financing activities:

     

Proceeds from subordinated borrowings

      20,000       —    

Repayments of subordinated borrowings

      (21,000 )      —    

Proceeds from issuance of subordinated bonds payable and bonds with warrants

      272,742       226,091  

Payments for redemption of subordinated bonds payable and bonds with warrants

      (381,454 )      (789,480 ) 

Proceeds from issuance of common stock to non-controlling shareholders

      4,856       3,569  

Repayments to non-controlling shareholders

      (23 )      —    

Dividends paid by MUFG

      (321,772 )      (334,619 ) 

Dividends paid by subsidiaries to non-controlling shareholders

      (14,826 )      (32,622 ) 

Purchases of treasury stock

      (13 )      (158,515 ) 

Proceeds from sales of treasury stock

      2,143       5,399  

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

      (0 )      (250 ) 

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

      3,275       —    
  

 

 

    

 

 

  

Net cash provided by (used in) financing activities

      (436,071 )      (1,080,428 ) 
  

 

 

    

 

 

  

Effect of foreign exchange rate changes on cash and cash equivalents

      316,544       1,228,889  
  

 

 

    

 

 

  

Net increase (decrease) in cash and cash equivalents

      24,645,076       7,785,634  
  

 

 

    

 

 

  

Cash and cash equivalents at the beginning of the period

      78,335,634       102,980,711  
  

 

 

    

 

 

  

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

      —         (3,109 ) 
  

 

 

    

 

 

  

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

      —         (30 ) 
  

 

 

    

 

 

  

Cash and cash equivalents at the end of the period

      102,980,711       110,763,205  
  

 

 

    

 

 

  

 

6