Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Issuer

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

the Securities Exchange Act of 1934

For the month of January 2013

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 offices)

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 whether the registrant by furnishing the information

contained in this Form is also thereby furnishing the information to the Commission

pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes No X

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: January 18, 2013


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Akira Takeda
Name:		Akira Takeda
Title:		Chief Manager, General Affairs
		Corporate Administration Division

Interim Consolidated Summary Report

For the Fiscal Year Ending March 31, 2013


Date:		January 18, 2013
Company name (code number):		Mitsubishi UFJ Financial Group, Inc. (8306)
		(URL http://www.mufg.jp/)
Stock exchange listings:		Tokyo, Osaka, Nagoya, New York
Representative:		Katsunori Nagayasu, President & CEO
For inquiry:		Naoki Muramatsu, General Manager-Financial Planning Division, Financial Accounting Office
		(Phone) +81-3-3240-3110

Consolidated financial data for the six months ended September 30, 2012

(1) Operating results


		(in millions of yen, except per share data)


	For the six months ended September 30,
	2012		2011
Total revenue		2,240,921		1,966,963
Income before income tax expense		683,604		394,016
Net income attributable to Mitsubishi UFJ Financial Group		596,012		190,964
Basic earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		41.50		12.87
Diluted earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group (in yen)		41.44		12.82

Comprehensive income attributable to Mitsubishi UFJ Financial Group for the six months ended September 30, 2012 and 2011 were ¥397,825 million and ¥87,071 million, respectively.

Notes:

1. Average number of shares outstanding

(in thousands of shares)



	For the six months ended September 30,
	2012		2011
Common stock		14,146,513		14,138,985

2. “Basic earnings per common share” and “Diluted earnings per common share” are based on “Net income available to common shareholders of Mitsubishi UFJ Financial Group” which excludes “Income allocable to preferred shareholders” from “Net income attributable to Mitsubishi UFJ Financial Group.”

(2) Financial condition

(in millions of yen)



	As of September 30,		As of March 31,
	2012		2012
Total assets		215,170,476		215,202,514
Total Mitsubishi UFJ Financial Group shareholders’ equity		8,886,520		8,583,158

(3) Cash flows

(in millions of yen)



	For the six months ended September 30,
	2012			2011
Net cash provided by (used in) operating activities		(10,822	)		558,930
Net cash used in investing activities		(983,360	)		(5,823,445	)
Net cash provided by financing activities		773,187			5,095,342
Cash and cash equivalents at end of period		3,004,711			3,053,917

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This report is an excerpt of certain highlights from our semiannual condensed consolidated financial information under U.S. GAAP that is included in a report on Form 6-K (the “Form 6-K”) to be submitted to the U.S. Securities and Exchange Commission. This excerpt report does not contain all of the information that may be important to you. In addition to the items highlighted in this report, the Form 6-K includes material disclosure about Mitsubishi UFJ Financial Group, Inc., including its business and other detailed U.S. GAAP financial information. You should read the entire Form 6-K carefully to obtain a comprehensive understanding of the company’s business and U.S. GAAP financial data and related issues.

This report contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial condition and other general 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 expectations, perceptions, evaluations and opinions. In addition, in order for the company to adopt such estimations, forecasts, targets and plans regarding future events, certain assumptions have been made, which assumptions are inherently subjective and uncertain. The forward-looking statements should not be viewed as guarantees of future performance as actual results may be significantly different. For instance, the statements regarding realizability of the deferred tax assets or provision for credit losses are based on assumptions and other estimations with respect to economic factors, our business performance and other factors. There exist a number of factors that create uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economies and changes in the regulatory environment. For the key factors that should be considered, please see the financial highlight, the Annual Securities Report, Disclosure Book, Annual Report, Form 20-F, reports on Form 6-K and other current disclosures that the company has publicly released.

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)


(in millions of yen)	As of September 30, 2012			As of March 31, 2012
Assets:
Cash and due from banks		3,004,711			3,230,409
Interest-earning deposits in other banks		6,651,751			5,897,732
Call loans, funds sold, and receivables under resale agreements		5,306,961			4,933,296
Receivables under securities borrowing transactions		3,386,726			3,282,656
Trading account assets		37,259,422			34,953,245
Investment securities:
Securities available for sale		56,634,088			57,740,401
Securities being held to maturity		2,339,888			2,385,368
Other investment securities		901,699			909,765

Total investment securities		59,875,675			61,035,534

Loans, net of unearned income, unamortized premiums and deferred loan fees		91,850,878			92,298,243
Allowance for credit losses		(1,301,632	)		(1,285,507	)

Net loans		90,549,246			91,012,736

Premises and equipment—net		1,002,709			987,474
Accrued interest		234,761			250,351
Customers’ acceptance liability		70,533			88,082
Intangible assets—net		867,862			896,483
Goodwill		358,117			354,283
Deferred tax assets		1,020,791			950,395
Other assets		5,581,211			7,329,838

Total assets		215,170,476			215,202,514

Liabilities:
Deposits:
Domestic offices:
Non-interest-bearing		14,516,551			14,980,210
Interest-bearing		99,365,370			99,610,994
Overseas offices, principally interest-bearing		25,344,264			24,902,526

Total deposits		139,226,185			139,493,730

Call money, funds purchased, and payables under repurchase agreements		17,783,595			16,368,933
Payables under securities lending transactions		4,002,677			4,978,917
Due to trust account and other short-term borrowings		11,704,511			11,508,856
Trading account liabilities		12,575,248			11,967,182
Obligations to return securities received as collateral		3,410,557			3,639,838
Bank acceptances outstanding		70,533			88,082
Accrued interest		140,243			152,836
Long-term debt		11,656,300			12,593,062
Other liabilities		5,425,724			5,552,631

Total liabilities		205,995,573			206,344,067

Equity:
Mitsubishi UFJ Financial Group shareholders’ equity:
Capital stock:
Preferred stock		442,100			442,100
Common stock		1,646,035			1,645,144
Capital surplus		6,377,083			6,378,619
Retained earnings:
Appropriated for legal reserve		239,571			239,571
Unappropriated retained earnings		984,673			482,535
Accumulated other comprehensive income, net of taxes		(794,587	)		(596,400	)
Treasury stock, at cost		(8,355	)		(8,411	)

Total Mitsubishi UFJ Financial Group shareholders’ equity		8,886,520			8,583,158
Noncontrolling interests		288,383			275,289

Total equity		9,174,903			8,858,447

Total liabilities and equity		215,170,476			215,202,514

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations (Unaudited)


	For the six months ended September 30,
(in millions of yen)	2012		2011
Interest income:
Loans, including fees		793,828		801,477
Deposits in other banks		13,868		21,205
Investment securities		187,884		345,662
Trading account assets		185,943		139,986
Call loans, funds sold, and receivables under resale agreements and securities borrowing transactions		32,422		49,840

Total		1,213,945		1,358,170

Interest expense:
Deposits		113,647		113,399
Call money, funds purchased, and payables under repurchase agreements and securities lending transactions		35,295		49,431
Due to trust account, other short-term borrowings, and trading account liabilities		28,124		30,417
Long-term debt		118,009		130,900

Total		295,075		324,147

Net interest income		918,870		1,034,023
Provision for credit losses		80,012		89,342

Net interest income after provision for credit losses		838,858		944,681

Non-interest income:
Fees and commissions income		540,963		548,822
Foreign exchange gains—net		76,616		67,836
Trading account profits—net		301,785		449,243
Investment securities gains (losses)—net		35,712		(19,226	)
Equity in earnings (losses) of equity method investees—net		10,032		(515,403	)
Other non-interest income		61,868		77,521

Total		1,026,976		608,793

Non-interest expense:
Salaries and employee benefits		460,925		443,726
Occupancy expenses—net		77,475		79,441
Fees and commission expenses		100,565		101,751
Outsourcing expenses, including data processing		98,725		94,868
Depreciation of premises and equipment		46,609		45,756
Amortization of intangible assets		103,007		105,321
Impairment of intangible assets		235		27,040
Insurance premiums, including deposit insurance		48,792		57,996
Communications		23,558		24,693
Taxes and public charges		33,399		31,694
Other non-interest expenses		188,940		147,172

Total		1,182,230		1,159,458

Income before income tax expense		683,604		394,016
Income tax expense		70,518		198,806

Net income before attribution of noncontrolling interests		613,086		195,210
Net income attributable to noncontrolling interests		17,074		4,246

Net income attributable to Mitsubishi UFJ Financial Group		596,012		190,964

Income allocable to preferred shareholders:
Cash dividends paid		8,970		8,970

Net income available to common shareholders of Mitsubishi UFJ Financial Group		587,042		181,994


(in yen)
Earnings per common share applicable to common shareholders of Mitsubishi UFJ Financial Group:
Basic earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group		41.50		12.87
Diluted earnings per common share—net income available to common shareholders of Mitsubishi UFJ Financial Group		41.44		12.82

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(US GAAP)

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income (Unaudited)


	For the six months ended September 30,
(in millions of yen)	2012			2011
Net income before attribution of noncontrolling interests		613,086			195,210
Net unrealized holding losses on investment securities		(171,216	)		(32,408	)
Net unrealized gains (losses) on derivatives qualifying for cash flow hedges		1,669			(36	)
Pension liability adjustments		(1,036	)		(10,701	)
Foreign currency translation adjustments		(25,675	)		(59,994	)

Comprehensive income		416,828			92,071

Net income attributable to noncontrolling interests		17,074			4,246
Other comprehensive income attributable to noncontrolling interests		1,929			754

Comprehensive income attributable to Mitsubishi UFJ Financial Group		397,825			87,071


Credit Quality Data (Unaudited)
(in millions of yen)	As of September 30, 2012			As of March 31, 2012
Nonaccrual loans		1,265,885			1,189,835
Restructured loans		972,762			923,129
Accruing loans contractually past due 90 days or more		45,404			65,577

Total		2,284,051			2,178,541

Loans		91,850,878			92,298,243
Allowance for credit losses		(1,301,632	)		(1,285,507	)

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