Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

(in millions of yen)

Amount on
consolidated
balance sheet

Net unrealized gains (losses) recorded on the consolidated

statement of income during the current fiscal year

Money held in trust for trading purpose

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 May 2015

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):

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: May 15, 2015


Mitsubishi UFJ Financial Group, Inc.

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

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Consolidated Summary Report

<under Japanese GAAP>

for the fiscal year ended March 31, 2015

May 15, 2015


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		http://www.mufg.jp/
Representative:		Nobuyuki Hirano, President & CEO
For inquiry:		Hiroshi Fukunaga, General Manager - Financial Planning Division / Financial Accounting Office
		TEL (03) 3240-3110
General meeting of shareholders:		June 25, 2015
Dividend payment date:		June 25, 2015
Securities report issuing date:		June 25, 2015
Trading accounts:		Established
Supplemental information for financial statements:		Available
Investor meeting presentation:		Scheduled (for investors and analysts)

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

1. Consolidated Financial Data for the Fiscal Year ended March 31, 2015

(1)	Results of Operations


	(% represents the change from the previous fiscal year)
	Ordinary Income				Ordinary Profits				Net Income
	million yen		%		million yen		%		million yen		%
Fiscal year ended
March 31, 2015		5,638,402		8.9		1,713,001		1.1		1,033,759		5.0
March 31, 2014		5,176,102		8.7		1,694,820		26.1		984,845		15.5

(*)	Comprehensive income

March 31, 2015: 3,455,231 million yen 102.2% ; March 31, 2014: 1,708,923 million yen (16.3)%


	Net Income per Common Stock		Diluted Net Income per Common Stock		Net Income to Net Assets Attributable to MUFG shareholders		Ordinary Profits to Total Assets		Ordinary Profits to Ordinary Income
	yen		yen		%		%		%
Fiscal year ended
March 31, 2015		73.22		72.94		7.4		0.6		30.4
March 31, 2014		68.29		68.04		8.1		0.7		32.7

(Reference) Income from investment in affiliates (Equity method)

March 31, 2015: 159,637 million yen; March 31, 2014: 112,470 million yen

(2)	Financial Conditions


	Total Assets		Total Net Assets		Net Assets Attributable to MUFG Shareholders to Total Assets (*)		Total Net Assets per Common Stock
	million yen		million yen		%		yen
As of
March 31, 2015		286,149,768		17,287,533		5.4		1,092.75
March 31, 2014		258,131,946		15,112,895		5.1		893.77

(Reference) Shareholders’ equity as of March 31, 2015: 15,317,940 million yen; March 31, 2014: 13,056,060 million yen

(*)

“Net assets attributable to MUFG shareholders to total assets” is computed under the formula shown below

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

(3)	Cash Flows


	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, 2015		(2,095,748	)		6,501,689		(1,156,621	)		9,990,035
March 31, 2014		(4,089,035	)		6,001,400		(1,007,086	)		6,487,918

2. Dividends on Common Stock


	Dividends per Share										Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total		Total dividends		Dividend payout ratio (Consolidated)		Dividend on net assets ratio (Consolidated)
	yen		yen		yen		yen		yen		million yen		%		%
Fiscal year
ended March 31, 2014		—		7.00		—		9.00		16.00		226,619		23.4		1.9
ended March 31, 2015		—		9.00		—		9.00		18.00		253,695		24.6		1.8
ending March 31, 2016 (Forecast)		—		9.00		—		9.00		18.00		——		26.6		——

(*)	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, 2016 (Consolidated)

MUFG has set an earnings target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2016.

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. Please see “3. Management Policy (4) Management Target”, for further information of the target.

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: Yes

(B) Changes in accounting policies due to reasons other than (A): No

(D) Restatements: No

Note: For more details, please see “Change in Accounting Policies” in page 27 of Appendix.

(3)	Number of common stocks outstanding at the end of the period


(A) Total stocks outstanding including treasury stocks:	March 31, 2015	14,168,853,820 shares
	March 31, 2014	14,164,026,420 shares
(B) Treasury stocks:	March 31, 2015	151,014,803 shares
	March 31, 2014	2,554,673 shares
(C) Average outstanding stocks:	Fiscal year ended March 31, 2015	14,119,202,720 shares
	Fiscal year ended March 31, 2014	14,159,590,678 shares

(Reference) Summary of non-consolidated financial data

1. Non-consolidated Financial Data for the Fiscal Year ended March 31, 2015

(1) Results of Operations


	(% represents the change from the previous fiscal year)
	Operating Income				Operating Profits				Ordinary Profits				Net Income
	million yen		%		million yen		%		million yen		%		million yen		%
Fiscal year ended
March 31, 2015		585,805		126.5		564,394		135.4		551,691		143.5		553,400		128.9
March 31, 2014		258,686		16.7		239,799		16.9		226,553		19.0		241,732		28.5

	Net Income per Common Stock				Diluted Net Income per Common Stock
	yen				yen
Fiscal year ended
March 31, 2015		39.19				39.14
March 31, 2014		15.80				15.78

(2) Financial Conditions


	Total Assets		Total Net Assets		Net Assets Ratio		Total Net Assets per Common Stock
	million yen		million yen		%		yen
As of
March 31, 2015		10,646,262		8,357,950		78.4		595.56
March 31, 2014		10,932,276		8,623,215		78.8		580.04


(Reference) Shareholders’ equity as of March 31, 2015: 8,349,679 million yen; March 31, 2014: 8,614,482 million yen

*Disclosure regarding the execution of the audit process

This “Consolidated Summary Report” (“Tanshin”) is outside the scope of the external auditor’s audit procedure which is required by “Financial Instruments and Exchange Act”. Therefore, the audit process has not been completed as of this disclosure in the “Consolidated Summary Report”.

*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. Results of Operations and Financial Condition			2
(1) Analysis of results of operations			2
(2) Analysis of financial condition			3
(3) Basic policy regarding profit distribution and dividends for fiscal years 2014 and 2015			4
2. Information on Mitsubishi UFJ Financial Group (MUFG Group)			5
3. Management Policy			8
(1) Principal management policy			8
(2) Medium- and long-term management strategy			8
(3) Key issues			9
(4) Management Target			11
4. Basic Views on Selection of Accounting Standards			11
5. Consolidated Financial Statements			12
(1) Consolidated Balance Sheets			12
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			14
(3) Consolidated Statements of Changes in Net Assets			17
(4) Consolidated Statements of Cash Flows			19
Notes to the Consolidated Financial Statements			21
Notes on Going-Concern Assumption
Significant Accounting Policies Applied in the Preparation of the Consolidated Financial Statements
Change in Accounting Policies
Consolidated Balance Sheet
Consolidated Statements of Income
Consolidated Statements of Changes in Net Assets
Consolidated Statements of Cash Flows
Financial Instruments
Securities
Money Held in Trust
Net Unrealized Gains (Losses) on Other Securities
Business Combinations
Segment Information
Per Share Information
6. Non-consolidated Financial Statements			45
(1) Non-consolidated Balance Sheets			45
(2) Non-consolidated Statements of Income			47
(3) Non-consolidated Statements of Changes in Net Assets			48
Notes on Going-Concern Assumption			50
7. Other			50
(1) Changes of Directors and Corporate Auditors			50

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the fiscal year ended March 31, 2015”

(*)	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:		May 15, 2015 (Friday)
Explanation for investors and analysts:		May 22, 2015 (Friday)

Mitsubishi UFJ Financial Group, Inc.

1. Results of Operations and Financial Condition

(1) Analysis of results of operations

(Results of operations for the fiscal year ended March 31, 2015)

Global economy showed gradual recovery during the fiscal year ended March 31, 2015, despite some events which increased financial and economic uncertainties, such as a sudden decrease in oil price. The U.S. economy, led by the domestic demand, maintained the momentum of recovery reflecting an improvement in employment environment, which caused the U.S. equity market to show upward trend throughout the period. European countries kept struggling with the fiscal and financial structural issues and the regional economy remained sluggish, although some signs of improvement can be observed recently. Asian countries showed a stable economic growth reflecting strong consumer expenditures in the ASEAN (Association of South-East Asian Nations) countries, despite a slowdown in Chinese economy. Amidst such conditions, Japanese economy kept gradual recovery overcoming an adverse impact of an increase in the consumption tax rate in April 2014. Private consumption in Japan, especially in the first half of the fiscal year ended March 31, 2015, was strongly affected by the higher tax rate, but its negative effect lessened towards the end of the fiscal year. Capital expenditure in Japan increased reflecting higher corporate earnings taking advantage of the depreciation of the Japanese yen against major currencies such as the U.S. dollar during the period.

The Federal Reserve terminated its asset purchase operations while keeping its policy rate at a historical low level. The European Central Bank further loosened its monetary policy by cutting the policy rates, introducing negative interest rates on excess reserve balances deposited to the central banks, and beginning to purchase assets such as sovereign bonds issued by the European countries, in order to tackle with the deflation risk in the region. The Bank of Japan expanded its quantitative and qualitative easing measures in October 2014 in order to achieve its targeted inflation rate of 2%. In the circumstances, the interest rates in Japan remained low during the period and hit a historical low level of below 0.2% in January 2015. The Japanese yen was depreciated further against the U.S. dollar especially in the second half of the fiscal year ended March 31, 2015. Japanese equity market remained firm to hit 19,000 yen level, reflecting improvements in the corporate earnings and the strong U.S. equity market.

Under such business environment, consolidated gross profits for the fiscal year ended March 31, 2015 increased 475.5 billion yen from the previous fiscal year to 4,229.0 billion yen. This was mainly due to increases in net interest income from overseas loan businesses and net fees and commissions from sales of investment products and investment banking business, as well as a positive impact of the consolidation of Bank of Ayudhya (Krungsri), despite tighter domestic deposit-loan margin. General and administrative (G&A) expenses for the fiscal year ended March 31, 2015 increased 294.7 billion yen from the previous fiscal year, mainly due to an increase in costs in overseas businesses as well as due to the consolidation of Krungsri. The increase in the consumption tax rate in Japan also contributed to the increase in G&A expenses. As a result, net business profits were 1,644.9 billion yen, an increase of 180.8 billion yen from the previous fiscal year.

Mitsubishi UFJ Financial Group, Inc.

Total credit costs for the fiscal year ended March 31, 2015 increased 173.5 billion yen from the previous fiscal year, mainly due to an increase in provision for allowance for credit losses. Net gains (losses) on equity securities decreased 51.4 billion yen from the previous fiscal year, mainly due to a decrease in gains on sales of equity securities.

As a result, ordinary profits for the fiscal year ended March 31, 2015 were 1,713.0 billion yen, an increase of 18.1 billion yen from the previous fiscal year, and consolidated net income for the fiscal year ended March 31, 2015 was 1,033.7 billion yen, an increase of 48.9 billion yen from the previous fiscal year.


(in billions of Japanese yen)	For the fiscal year ended March 31, 2015			For the fiscal year ended March 31, 2014			Increase (Decrease)
Gross Profits before credit costs for trust accounts		4,229.0			3,753.4			475.5
General and administrative expenses		2,584.1			2,289.3			294.7
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		1,644.9			1,464.1			180.8
Credit costs		(227.8	)		(133.8	)		(93.9	)
Net gains (losses) on equity securities		93.1			144.5			(51.4	)
Other non-recurring gains (losses)		202.8			219.9			(17.1	)
Profits (Losses) from investments in affiliates		159.6			112.4			47.1
Ordinary profits		1,713.0			1,694.8			18.1
Net extraordinary gains (losses)		(98.2	)		(151.7	)		53.5
Total of income taxes-current and income taxes-deferred		(467.7	)		(439.9	)		(27.7	)
Minority interests		(113.2	)		(118.1	)		4.9
Net income (losses)		1,033.7			984.8			48.9
Total credit costs *1		(161.6	)		11.8			(173.5	)

*1	Included gains on loans written-offs

(Earnings Target for the fiscal year ending March 31, 2016)

MUFG has set an earnings target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2016.

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. Please see “3. Management Policy (4) Management Target”, for further information of the target.

(2) Analysis of financial condition

Total assets as of March 31, 2015 increased 28,017.8 billion yen from March 31, 2014 to 286,149.7 billion yen, and total net assets as of March 31, 2015 increased 2,174.6 billion yen from March 31, 2014 to 17,287.5 billion yen. The increase in total net assets was mainly due to increases in retained earnings and net unrealized gains on other securities.

Mitsubishi UFJ Financial Group, Inc.

With regard to major items of assets, securities as of March 31, 2015 decreased 977.3 billion yen from March 31, 2014 to 73,538.1 billion yen and loans and bills discounted as of March 31, 2015 increased 7,429.4 billion yen from March 31, 2014 to 109,368.3 billion yen. With regard to major items of liabilities, deposits as of March 31, 2015 increased 8,597.1 billion yen from March 31, 2014 to 153,357.4 billion yen.

With regard to MUFG’s consolidated risk-adjusted capital ratio based on the Basel 3 Standards as of March 31, 2015, Common Equity Tier 1 capital ratio was 11.14%, Tier 1 ratio was 12.62% and Total capital ratio was 15.68%.

(3) Basic policy regarding profit distribution and dividends for fiscal years 2014 and 2015

MUFG considers the return of earnings to shareholders to be one of the most important management priorities and makes it a basic policy to aim for a stable and continuous increase in dividends per share through growth in profits.

With respect to the year-end dividend for common stock for fiscal year 2014, MUFG plans to pay ¥9 per share. As a result, the annual dividend for fiscal year 2014, including the interim dividend of ¥9 per share, is expected to be ¥18 per share, which is an increase of ¥2 from the annual dividend of ¥16 paid for the previous fiscal year.

The annual dividend forecast for common stock for fiscal year 2015 is ¥18 per share, which is the same amount as the annual dividend to be paid for fiscal year 2014.

Mitsubishi UFJ Financial Group, Inc.

2. Information on Mitsubishi UFJ Financial Group (MUFG Group)

MUFG Group comprises the holding company, 226 consolidated subsidiaries, and 62 equity-method affiliates. MUFG’s goal is to be the world’s most trusted financial group, and it is engaged primarily in the banking, trust banking and securities businesses, while also conducting business in credit cards and consumer finance, leasing, asset management and other areas. The Group conducts reporting of its main entities (on a consolidated basis) on a segmental basis and the relationships between MUFG and its major related companies are as shown in the chart below.

LOGO

*1.	On April 1, 2015 Kabu.com Securities Co., Ltd. underwent a share transfer within the MUFG Group, becoming a subsidiary of Mitsubishi UFJ Securities Holdings Co., Ltd., from its former position as a subsidiary of the Bank of Tokyo-Mitsubishi UFJ, Ltd.

*2.	On July 1, 2015 Mitsubishi UFJ Asset Management Co., Ltd. and KOKUSAI Asset Management Co., Ltd. plan to merge to become Mitsubishi UFJ Kokusai Asset Management Co., Ltd.

*3.	Consumer finance subsidiaries.

Mitsubishi UFJ Financial Group, Inc.

The Group has a combined group organization through which it seeks as a unified group to meet the financial needs of its customers by providing financial products and services that transcend traditional business boundaries. A system of integrated business groups has been introduced under which the group formulates a unified strategy and pursues its business based on coordination between group companies.

LOGO

Mitsubishi UFJ Financial Group, Inc.

On June 25, 2015, subject to approval by its General Meeting of Shareholders, MUFG plans to change its corporate structure from being a company with a board of corporate auditors to a company with three committees. In addition, on July 3, 2015 it will undergo a structural reorganization, with the new structure outlined as follows.

LOGO

** The Nominating and Governance Committee is a nomination committee under the Companies Act.

Mitsubishi UFJ Financial Group, Inc.

3. Management Policy

(1) Principal management policy

MUFG Group has formulated the Group Corporate Vision to clarify the nature of the Group’s overall mission and the type of group it should aspire to be, and as a shared credo to unify the hearts and minds of Group employees, while meeting the expectations of our customers and society. Throughout the Group, the people of MUFG are working under three shared values—Integrity and Responsibility, Professionalism and Teamwork, and Challenging Ourselves to Grow—while aiming to be the world’s most trusted financial group.

•

Corporate Vision

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(2) Medium- and long-term management strategy

The operating environment for financial institutions is transforming substantially amidst such trends as the changes in consumption patterns stemming from the aging of the Japanese population and its declining birthrate and the advance of information and communications technology. It is crucial to the further progress of the MUFG Group for us to maintain an accurate understanding of such changes, and undertake the evolution and reformation of our business model as a preemptive response to these changes. Based on this recognition, the MUFG Group turned its eye toward the expected operating environment changes over the next decade, and launched the new medium-term business plan, which outlines the strategies that will be implemented over the first three years of this period (fiscal 2015–fiscal 2017).

The basic policy of the new medium-term business plan was defined as “Evolution and reformation to achieve sustainable growth for MUFG,” and we formulated the Group business strategies and the administrative practices and business foundation strategies of the plan based on three strategic focuses: “Customer perspective,” “Group-driven approach,” and “Productivity improvements.” “Customer perspective” calls on us to develop businesses based on changing customer needs. “Group-driven approach” inspires us to bolster inter-Group company unity and consider how to optimize our business on a Group-wide basis. “Productivity improvements” encapsulates our commitment to boosting competitiveness by pursuing higher levels of rationality and efficiency.

Mitsubishi UFJ Financial Group, Inc.

By steadily advancing the new medium-term business plan, the MUFG Group will pursue improved corporate value and work to live up to the expectations of its customers, shareholders, employees, and other stakeholders.

(3) Key issues

In fiscal 2014, despite the downturn in consumer spending following the consumption tax hike, steady progress was made toward the recovery of the Japanese economy, which was supported by initiatives of government growth strategies as well as by strong corporate performance. In this environment, the MUFG Group finished up the medium-term business plan launched in fiscal 2012 through a concerted, Group-wide effort.

In fiscal 2015, the first year of the new medium-term business plan, MUFG will work to quickly build the foundations that will be needed to ensure the success of the plan and steadily advance its new measures centered on the following priority tasks.

Advancing Group business strategies

As part of our Group business strategies, we will maintain our focus on the Japanese market while simultaneously working to incorporate the growth of the global market and evolving and reforming our business model.

For individual customers, the Group will band together to provide assets management and administration services and asset inheritance support while helping to stimulate consumption by strengthening payment and consumer finance businesses.

To address the needs of SME customers, MUFG will work to provide smooth support for customers’ funding needs while also implementing initiatives in new business fields. Initiatives in new fields will include enhancing our M&A advisory service functions to respond to the rising number of business transferences and bolstering our ability to provide asset management solutions. At the same time, the Group will also accelerate efforts to contribute to the growth of customers through means such as offering business matching services.

Meanwhile, the MUFG Group will respond to the ever more advanced, diverse, and global needs of large companies through concerted efforts conducted on a Group-wide and global basis, and we will establish a unique global Corporate & Investment Banking (CIB)^*1 model to aid us in this endeavor. As part of this process, we will consolidate the Group’s sector-specific expertise while deepening strategic collaboration with Morgan Stanley.

In sales and trading operations^*2, we intend to leverage the strengths and specialties of Group companies to boost our competitiveness. Specifically, MUFG will push forward with efforts to strengthen its ability to provide products and services that address the diverse needs of various customers, such as corporations and institutional investors, on a global basis.

As for asset management and investor service operations, MUFG is committed to establishing a firm position as a global player in the fields of alternative investment investor services and asset management operations in the United States, Asia, and other regions. Both organic and non-organic strategies will be employed in pursuing this goal.

Mitsubishi UFJ Financial Group, Inc.

In transaction banking^*3 operations, we aim to build an unrivaled position in the domestic market. At the same time, we will redouble efforts to address cross-border business flows, and expand trade finance operations. In addition, we will bolster product competitiveness and step up inter-regional collaboration to increase deposit balances.

Outside Japan, MUFG is working to establish and strengthen unique, comprehensive commercial banking platforms. These efforts are centered around Bank of Ayudhya Public Company Limited and MUFG Union Bank, N.A. The Group’s overseas operations have previously focused primarily on transactions with large companies, but in strengthening platforms we are branching out to accommodate local individual and SME customers.

*1	A business model that provides customers with end-to-end, comprehensive financial services including both Corporate Banking (e.g. deposits and loans) and Investment Banking (e.g. M&A advisory) services, in order to help customers increase their corporate value

*2	General term for sales operations involving the provision of financial products and solutions including foreign exchange and derivatives, and trading operations to buy and sell marketable products through inter-bank trading or trading on exchanges

*3	General term for deposit business, domestic exchange business, foreign exchange business, and related businesses such as cash management and trade finance

Enhancement of management fundamentals and controls

Strategies for enhancing management fundamentals and controls include the following measures to improve upon the financial base and administration practices that will underpin the evolution and reformation of business models.

In regard to Group administration practices, after receiving shareholder approval, MUFG will be converted into a company with three committees to further strengthen corporate governance systems, and governance will also be enhanced on both a Group and global basis. At the same time, MUFG is developing more evolved and advanced comprehensive risk management practices that address new regulations and progress in businesses while placing emphasis on managing risks in an integrated and preventative manner.

We aim to strengthen and streamline the Group business platform, and this will be done in part through shared usage of systems, back-office functions, and facilities on a Group-wide basis.

In managing the Group’s finances and capital, we will work to entrench frameworks for increasing returns on risks taken, which will be done while placing maintaining a strong capital base as the first priority. We will also diversify funding methods in consideration of global financial regulations.

Communication with outside stakeholders and Group employees will be conducted strategically and in a manner that is integrated on a Group-wide and global basis to maximize the benefits of this communication. We recognize internal communication as a means of fostering a corporate culture and creating sense of cohesion within the Group. Meanwhile, communication with outside parties contributes to improving customer satisfaction and brand value as well as to helping us fulfill our corporate social responsibility.

Mitsubishi UFJ Financial Group, Inc.

(4) Management Target

MUFG has set an earnings target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2016.

[Reference]

MUFG Consolidated


(in billions of Japanese yen)	For the fiscal year ending March 31, 2016			For the six months ending September 30, 2015			For the fiscal year ended March 31, 2015 (Results)			For the six months ended September 30, 2014 (Results)
Total credit costs		(130.0	)		(55.0	)		(161.6	)		41.1
Ordinary profits		1,560.0			790.0			1,713.0			949.8
Profits attributable to owners of parent		950.0			450.0			1,033.7			578.7

<2 Banks on a stand-alone basis>

The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Net business profits before provision for general allowance for credit losses		765.0			385.0			931.4			490.6
Total credit costs		0.0			5.0			(70.7	)		66.9
Ordinary profits		770.0			395.0			902.6			547.2
Profits attributable to owners of parent		530.0			275.0			571.7			354.4

Mitsubishi UFJ Trust and Banking Corporation
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		175.0			80.0			190.4			88.9
Total credit costs		(10.0	)		(5.0	)		(0.4	)		9.3
Ordinary profits		170.0			75.0			210.0			110.1
Profits attributable to owners of parent		115.0			50.0			140.7			73.3

4. Basic Views on Selection of Accounting Standards

MUFG group, currently adopting Japanese GAAP, is preparing for its future adoption of IFRS by considering the development of its infrastructures and organizations within the group, and the timing of adoption.

Mitsubishi UFJ Financial Group, Inc.

5. Consolidated Financial Statements

(1) Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2014			As of March 31, 2015
Assets:
Cash and due from banks		23,969,883			40,488,318
Call loans and bills bought		826,851			604,625
Receivables under resale agreements		7,237,125			7,342,335
Receivables under securities borrowing transactions		4,181,660			4,633,544
Monetary claims bought		3,972,145			4,570,712
Trading assets		19,055,354			20,810,617
Money held in trust		583,692			700,218
Securities		74,515,573			73,538,191
Loans and bills discounted		101,938,907			109,368,340
Foreign exchanges		2,040,406			2,187,311
Other assets		8,809,286			10,119,936
Tangible fixed assets		1,540,031			1,352,727
Buildings		328,200			333,430
Land		744,755			744,416
Lease assets		14,096			11,181
Construction in progress		27,605			35,774
Other tangible fixed assets		425,372			227,924
Intangible fixed assets		1,483,352			1,297,277
Software		472,777			552,345
Goodwill		552,655			309,119
Lease assets		924			730
Other intangible fixed assets		456,995			435,082
Net defined benefit assets		460,836			504,761
Deferred tax assets		130,654			114,919
Customers’ liabilities for acceptances and guarantees		8,324,668			9,511,714
Allowance for credit losses		(938,483	)		(995,784	)

Total assets		258,131,946			286,149,768

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2014			As of March 31, 2015
Liabilities:
Deposits		144,760,294			153,357,410
Negotiable certificates of deposit		15,548,170			16,073,850
Call money and bills sold		3,465,414			3,600,104
Payables under repurchase agreements		21,626,590			21,899,506
Payables under securities lending transactions		5,534,643			8,205,350
Commercial papers		1,473,631			2,179,634
Trading liabilities		13,964,961			15,521,917
Borrowed money		10,828,601			13,866,196
Foreign exchanges		1,109,198			1,496,476
Short-term bonds payable		435,808			789,512
Bonds payable		7,165,577			8,141,713
Due to trust accounts		1,945,151			3,183,295
Other liabilities		5,965,086			9,530,371
Reserve for bonuses		78,987			90,360
Reserve for bonuses to directors		627			454
Net defined benefit liabilities		51,651			62,121
Reserve for retirement benefits to directors		1,201			1,086
Reserve for loyalty award credits		13,541			15,375
Reserve for contingent losses		247,351			204,790
Reserves under special laws		2,853			3,771
Deferred tax liabilities		320,014			988,550
Deferred tax liabilities for land revaluation		155,026			138,669
Acceptances and guarantees		8,324,668			9,511,714

Total liabilities		243,019,051			268,862,234

Net assets:
Capital stock		2,140,488			2,141,513
Capital surplus		2,174,384			1,428,403
Retained earnings		7,033,125			7,860,410
Treasury stock		(1,699	)		(101,661	)

Total shareholders’ equity		11,346,299			11,328,666

Net unrealized gains (losses) on other securities		1,218,397			2,835,091
Net deferred gains (losses) on hedging instruments		8,295			83,194
Land revaluation excess		157,776			172,350
Foreign currency translation adjustments		407,229			951,547
Remeasurements of defined benefit plans		(81,937	)		(52,909	)

Total accumulated other comprehensive income		1,709,760			3,989,274

Subscription rights to shares		8,732			8,271
Minority interests		2,048,101			1,961,322

Total net assets		15,112,895			17,287,533

Total liabilities and net assets		258,131,946			286,149,768

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 fiscal year ended March 31, 2014		For the fiscal year ended March 31, 2015
Ordinary income		5,176,102		5,638,402
Interest income		2,370,649		2,806,238
Interest on loans and bills discounted		1,598,033		1,835,445
Interest and dividends on securities		575,715		627,946
Interest on call loans and bills bought		10,493		11,813
Interest on receivables under resale agreements		47,372		53,712
Interest on receivables under securities borrowing transactions		6,651		9,237
Interest on deposits		46,741		63,470
Other interest income		85,641		204,612
Trust fees		107,935		111,916
Fees and commissions		1,344,241		1,508,698
Trading income		362,295		352,950
Other business income		467,214		407,668
Other ordinary income		523,766		450,930
Reversal of allowance for credit losses		86,543		—
Gains on loans written-off		59,208		64,735
Others		378,014		386,194
Ordinary expenses		3,481,282		3,925,400
Interest expenses		492,122		624,743
Interest on deposits		201,108		296,887
Interest on negotiable certificates of deposit		38,484		44,009
Interest on call money and bills sold		6,759		7,226
Interest on payables under repurchase agreements		36,022		39,075
Interest on payables under securities lending transactions		6,858		8,424
Interest on commercial papers		2,632		3,445
Interest on borrowed money		48,994		47,826
Interest on short-term bonds payable		561		661
Interest on bonds payable		100,183		132,499
Other interest expenses		50,516		44,686
Fees and commissions		183,904		200,094
Trading expenses		239		—
Other business expenses		223,152		133,275
General and administrative expenses		2,323,918		2,619,867
Other ordinary expenses		257,946		347,420
Provision for allowance for credit losses		—		62,012
Others		257,946		285,407

Ordinary profits		1,694,820		1,713,001

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	For the fiscal year ended March 31, 2014		For the fiscal year ended March 31, 2015
Extraordinary gains		11,381		14,655
Gains on disposition of fixed assets		10,359		5,011
Gains on change in equity		—		9,643
Gains on step acquisitions		648		—
Gains on transfer of benefit obligation relating to employees’ pension fund		372		—
Extraordinary losses		163,170		112,899
Losses on disposition of fixed assets		7,863		9,938
Losses on impairment of fixed assets		126,924		11,487
Provision for reserve for contingent liabilities from financial instruments transactions		884		918
Settlement package		24,537		37,097
Losses on change in equity		790		33,291
Losses on sales of equity securities of subsidiaries		2,170		20,167

Income before income taxes and others		1,543,030		1,614,757

Income taxes-current		349,531		421,941
Income taxes-deferred		90,456		45,845

Total taxes		439,988		467,786

Income before minority interests		1,103,042		1,146,970

Minority interests		118,196		113,211

Net income		984,845		1,033,759

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the fiscal year ended March 31, 2014			For the fiscal year ended March 31, 2015
Income before minority interests		1,103,042			1,146,970
Other comprehensive income
Net unrealized gains (losses) on other securities		20,135			1,595,505
Net deferred gains (losses) on hedging instruments		(37,316	)		77,367
Land revaluation excess		(166	)		14,149
Foreign currency translation adjustments		387,126			442,466
Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		27,734			—
Remeasurements of defined benefit plans		—			27,880
Share of other comprehensive income of associates accounted for using equity method		208,366			150,891

Total other comprehensive income		605,881			2,308,260

Comprehensive income		1,708,923			3,455,231

(Comprehensive income attributable to)
Comprehensive income attributable to owners of the parent		1,588,609			3,313,220
Comprehensive income attributable to minority interests		120,314			142,011

Mitsubishi UFJ Financial Group, Inc.

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2014


	(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 other securities		Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,139,378		2,172,930		6,267,976			(1,929	)		10,578,356			1,207,963		45,146
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		1,109		1,108								2,217
Dividends from retained earnings						(216,183	)					(216,183	)
Net income						984,845						984,845
Repurchase of treasury stock									(51	)		(51	)
Disposal of treasury stock				346					281			627
Reversal of land revaluation excess						2,010						2,010
Changes in foreign affiliates’ interests in their subsidiaries						(3,534	)					(3,534	)
Changes associated with redemption of capitalized financial instruments issued by foreign affiliates						(1,988	)					(1,988	)
Net changes of items other than shareholders’ equity															10,433		(36,850	)

Total changes during the period		1,109		1,454		765,149			230			767,943			10,433		(36,850	)

Balance at the end of the period		2,140,488		2,174,384		7,033,125			(1,699	)		11,346,299			1,218,397		8,295


	(in millions of yen)
	Accumulated other comprehensive income
	Land revaluation excess			Foreign currency translation adjustments			Pension liability adjustments of subsidiaries preparing financial statements under US GAAP			Remeasurements of defined benefit plans			Total accumulated other comprehensive income		Subscription rights to shares			Minority interests		Total net asset
Balance at the beginning of the period		159,952			(195,421	)		(59,379	)		—			1,158,261		8,884			1,774,153		13,519,655
Changes during the period
Issuance of new shares-exercise of subscription rights to shares																					2,217
Dividends from retained earnings																					(216,183	)
Net income																					984,845
Repurchase of treasury stock																					(51	)
Disposal of treasury stock																					627
Reversal of land revaluation excess																					2,010
Changes in foreign affiliates’ interests in their subsidiaries																					(3,534	)
Changes associated with redemption of capitalized financial instruments issued by foreign affiliates																					(1,988	)
Net changes of items other than shareholders’ equity		(2,176	)		602,650			59,379			(81,937	)		551,499		(151	)		273,948		825,296

Total changes during the period		(2,176	)		602,650			59,379			(81,937	)		551,499		(151	)		273,948		1,593,239

Balance at the end of the period		157,776			407,229			—			(81,937	)		1,709,760		8,732			2,048,101		15,112,895

Mitsubishi UFJ Financial Group, Inc.

For the fiscal year ended March 31, 2015


	(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 other securities		Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,140,488		2,174,384			7,033,125			(1,699	)		11,346,299			1,218,397		8,295
Cumulative effects of changes in accounting policies				(346,454	)		57,909						(288,545	)
Restated balance		2,140,488		1,827,929			7,091,035			(1,699	)		11,057,754			1,218,397		8,295
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		1,024		1,023									2,048
Dividends from retained earnings							(263,959	)					(263,959	)
Net income							1,033,759						1,033,759
Repurchase of treasury stock										(490,045	)		(490,045	)
Disposal of treasury stock				68						82			150
Retirement of treasury stock				(390,000	)					390,000			—
Reversal of land revaluation excess							(424	)					(424	)
Changes in subsidiaries’ equity				(10,617	)								(10,617	)
Net changes of items other than shareholders’ equity																1,616,693		74,898

Total changes during the period		1,024		(399,526	)		769,374			(99,962	)		270,911			1,616,693		74,898

Balance at the end of the period		2,141,513		1,428,403			7,860,410			(101,661	)		11,328,666			2,835,091		83,194


	(in millions of yen)
	Accumulated other comprehensive income													Subscription rights to shares			Minority interests			Total net assets
	Land revaluation excess		Foreign currency translation adjustments			Pension liability adjustments of subsidiaries preparing financial statements under US GAAP		Remeasurements of defined benefit plans			Total accumulated other comprehensive income			Subscription rights to shares			Minority interests			Total net assets
Balance at the beginning of the period		157,776		407,229			—		(81,937	)		1,709,760			8,732			2,048,101			15,112,895
Cumulative effects of changes in accounting policies				(219	)				(152	)		(371	)					(14,360	)		(303,277	)
Restated balance		157,776		407,010			—		(82,090	)		1,709,388			8,732			2,033,741			14,809,617
Changes during the period
Issuance of new shares-exercise of subscription rights to shares																					2,048
Dividends from retained earnings																					(263,959	)
Net income																					1,033,759
Repurchase of treasury stock																					(490,045	)
Disposal of treasury stock																					150
Retirement of treasury stock																					—
Reversal of land revaluation excess																					(424	)
Changes in subsidiaries’ equity																					(10,617	)
Net changes of items other than shareholders’ equity		14,574		544,537			—		29,180			2,279,885			(461	)		(72,419	)		2,207,004

Total changes during the period		14,574		544,537			—		29,180			2,279,885			(461	)		(72,419	)		2,477,916

Balance at the end of the period		172,350		951,547			—		(52,909	)		3,989,274			8,271			1,961,322			17,287,533

Mitsubishi UFJ Financial Group, Inc.

(4) Consolidated Statements of Cash Flows


	For the fiscal year			For the fiscal year
	ended			ended
(in millions of yen)	March 31, 2014			March 31, 2015
Cash flows from operating activities:
Income before income taxes and others		1,543,030			1,614,757
Depreciation		255,637			300,163
Impairment losses		126,924			11,487
Amortization of goodwill		36,830			17,787
Amortization of negative goodwill		(1,591	)		—
Equity in losses (gains) of affiliates		(112,470	)		(159,637	)
Increase (decrease) in allowance for credit losses		(173,705	)		46,037
Increase (decrease) in reserve for bonuses		8,868			10,321
Increase (decrease) in reserve for bonuses to directors		(333	)		(172	)
Decrease (increase) in net defined benefit assets		35,323			(62,696	)
Increase (decrease) in net defined benefit liabilities		(46,685	)		(1,601	)
Increase (decrease) in reserve for retirement benefits to directors		(222	)		(115	)
Increase (decrease) in reserve for loyalty award credits		(141	)		969
Increase (decrease) in reserve for contingent losses		(50,771	)		(43,807	)
Interest income recognized on statement of income		(2,370,649	)		(2,806,238	)
Interest expenses recognized on statement of income		492,122			624,743
Losses (gains) on securities		(287,463	)		(208,271	)
Losses (gains) on money held in trust		2,264			639
Foreign exchange losses (gains)		(2,177,403	)		(1,213,235	)
Losses (gains) on sales of fixed assets		(2,496	)		4,926
Net decrease (increase) in trading assets		3,086,278			(1,337,542	)
Net increase (decrease) in trading liabilities		(2,803,988	)		1,181,142
Adjustment of unsettled trading accounts		(294,819	)		889,029
Net decrease (increase) in loans and bills discounted		(6,608,052	)		(5,909,031	)
Net increase (decrease) in deposits		8,543,515			6,793,900
Net increase (decrease) in negotiable certificates of deposit		633,905			488,549
Net increase (decrease) in borrowed money (excluding subordinated borrowings)		(137,246	)		3,247,294
Net decrease (increase) in due from banks (excluding cash equivalents)		(11,210,496	)		(13,003,581	)
Net decrease (increase) in call loans and bills bought and others		(1,141,168	)		261,206
Net decrease (increase) in receivables under securities borrowing transactions		(1,546,761	)		(370,559	)
Net increase (decrease) in call money and bills sold and others		3,983,716			(350,881	)
Net increase (decrease) in commercial papers		401,456			667,730
Net increase (decrease) in payables under securities lending transactions		1,490,264			2,657,417
Net decrease (increase) in foreign exchanges (assets)		(485,839	)		(137,770	)
Net increase (decrease) in foreign exchanges (liabilities)		234,959			375,867
Net increase (decrease) in short-term bonds payable		83,593			353,597
Net increase (decrease) in issuance and redemption of unsubordinated bonds payable		1,117,138			906,637
Net increase (decrease) in due to trust accounts		441,935			1,238,144
Interest income (cash basis)		2,542,087			2,917,319
Interest expenses (cash basis)		(499,345	)		(636,368	)
Others		981,842			(26,303	)

Sub-total		(3,909,958	)		(1,658,147	)

Mitsubishi UFJ Financial Group, Inc.


	For the fiscal year			For the fiscal year
	ended			ended
(in millions of yen)	March 31, 2014			March 31, 2015
Income taxes		(230,581	)		(463,446	)
Refund of income taxes		51,504			25,845

Net cash provided by (used in) operating activities		(4,089,035	)		(2,095,748	)

Cash flows from investing activities:
Purchases of securities		(136,943,494	)		(138,305,190	)
Proceeds from sales of securities		108,333,935			110,348,143
Proceeds from redemption of securities		35,904,614			34,682,841
Increase in money held in trust		(1,657,637	)		(479,026	)
Decrease in money held in trust		1,483,685			576,140
Purchases of tangible fixed assets		(151,365	)		(176,368	)
Purchases of intangible fixed assets		(223,357	)		(223,581	)
Proceeds from sales of tangible fixed assets		31,251			12,393
Proceeds from sales of intangible fixed assets		1,404			19
Payments for transfer of business		(388,447	)		—
Proceeds from transfer of business		53,033			—
Purchases of equity of consolidated subsidiaries		(43	)		—
Decrease related to purchases of subsidiaries’ equity affecting the scope of consolidation		(443,017	)		(1,015	)
Increase related to sales of subsidiaries’ equity affecting the scope of consolidation		2,399			67,952
Others		(1,558	)		(619	)

Net cash provided by (used in) investing activities		6,001,400			6,501,689

Cash flows from financing activities:
Increase in subordinated borrowings		44,000			55,000
Decrease in subordinated borrowings		(116,500	)		(74,800	)
Increase in subordinated bonds payable and bonds with warrants		48,751			190,000
Decrease in subordinated bonds payable and bonds with warrants		(663,502	)		(284,324	)
Proceeds from issuance of common stock to minority shareholders		1,920			2,949
Decrease in redemption of preferred stocks		—			(137,400	)
Dividend paid by MUFG		(216,106	)		(263,978	)
Dividend paid by subsidiaries to minority shareholders		(95,763	)		(106,964	)
Repayments to minority shareholders		(10,454	)		(17,602	)
Purchases of treasury stock		(45	)		(490,044	)
Proceeds from sales of treasury stock		610			2
Decrease related to purchases of subsidiaries’ equity not affecting the scope of consolidation		—			(29,463	)
Others		5			4

Net cash provided by (used in) financing activities		(1,007,086	)		(1,156,621	)

Effect of foreign exchange rate changes on cash and cash equivalents		298,454			252,797

Net increase (decrease) in cash and cash equivalents		1,203,733			3,502,117

Cash and cash equivalents at the beginning of the period		5,281,038			6,487,918
Increase in cash and cash equivalents due to absorption-type splits		3,146			—

Cash and cash equivalents at the end of the period		6,487,918			9,990,035

Mitsubishi UFJ Financial Group, Inc.

Notes to the Consolidated Financial Statements

(Notes on Going-Concern Assumption)

Not applicable

(Significant Accounting Policies Applied in the Preparation of the Consolidated Financial Statements)

1.	Scope of Consolidation

(1)

Number of Consolidated Subsidiaries: 226

Principal companies:


The Bank of Tokyo-Mitsubishi UFJ, Ltd.		Mitsubishi UFJ Securities Holdings Co., Ltd.
Mitsubishi UFJ Trust and Banking Corporation		Mitsubishi UFJ NICOS Co., Ltd.

(Changes in the scope of consolidation)

In the current fiscal year, Meridian Holdings Limited and 12 other companies were newly consolidated following the acquisition of their shares or for other reasons.

In the current fiscal year, Beacon Rail Leasing, Inc. and 39 other companies were excluded from the scope of consolidation because they were no longer subsidiaries due to sales of the investment or other reasons.

(2)

Non-consolidated Subsidiaries: None

(3)

Entities not Accounted for as Subsidiaries even though MUFG Owns the Majority of Voting Rights:

Hygeia Co., Ltd.

It was not treated as a subsidiary, because it was established as a property management agent for a land trust project without any intent to control.

2.	Application of the Equity Method

(1)

Number of Non-consolidated Subsidiaries Accounted for under the Equity Method: None

(2)

Number of Affiliates Accounted for under the Equity Method: 62

Principal companies:

Mitsubishi UFJ Lease & Finance Company Limited

(Changes in the scope of application of the equity method)

In current fiscal year, BOTL Factoring (Shanghai) Co., Ltd. and 1 other company were newly included in the scope of application of the equity method following new establishments.

In the current fiscal year, Emerald Engine Leasing Limited and 1 other company were excluded from the scope of application of the equity method because of sales of the investment.

(3)

Number of Non-consolidated Subsidiaries not Accounted for under the Equity Method: None

(4)

Affiliates not Accounted for under the Equity Method: None

(5)

Entities not Recognized as Affiliates in which MUFG Owns 20% to 50% of their Voting Rights:

Kyoto Constella Technologies Co., Ltd.

TECHTOM Ltd.

Osteopharma Inc.

Hirosaki Co., Ltd.

EDP Corporation

These were not treated as affiliates because MUFG’s consolidated venture capital subsidiaries owned 20% to 50% of voting rights primarily to benefit from the appreciation of their investments resulting from growth or restructuring of the investees’ businesses, without any intent to control.

Mitsubishi UFJ Financial Group, Inc.

3.	The Balance Sheet Dates of Consolidated Subsidiaries

(1)

The balance sheet dates of consolidated subsidiaries were as follows:


June 30:	1	subsidiary
August 31:	1	subsidiary
October 31:	1	subsidiary
December 31:	139	subsidiaries
January 24:	17	subsidiaries
March 31:	67	subsidiaries

(2)

A subsidiary whose balance sheet date is June 30 was consolidated based on its preliminary financial statements as of December 31.

A subsidiary whose balance sheet date is August 31 was consolidated based on its preliminary financial statements as of February 28.

A subsidiary whose balance sheet date is October 31 was consolidated based on its preliminary financial statements as of January 31.

Subsidiaries other than specified above were consolidated based on the financial statements as of their balance sheet dates.

Adjustments were made to the consolidated financial statements to reflect the significant transactions that occurred between the balance sheet dates of the subsidiaries and the consolidated balance sheet date.

4.	Accounting Policies

(1)

Trading Assets and Trading Liabilities; Trading Income and Expenses

Transactions involving short-term fluctuations or arbitrage opportunities in interest rates, currency exchange rates, market prices of financial instruments or other market indices (“trading purposes”) are presented in “Trading assets” and “Trading liabilities” on the consolidated balance sheet on a trade-date basis, and gains and losses from trading transactions (interest and dividends, gains or losses on sales and gains or losses on valuation) are presented in “Trading income” and “Trading expenses” on the consolidated statement of income on a trade-date basis.

Trading assets and trading liabilities are stated at their fair values on the consolidated balance sheet date.

(2)

Securities

(A)

Debt securities being held to maturity are stated at amortized cost (using the straight-line method) computed using the moving average method. Other securities are primarily stated at their quoted market prices on the consolidated balance sheet date (cost of securities sold is calculated primarily using the moving average method), and other securities whose fair value is extremely difficult to estimate are stated at acquisition costs computed using the moving average method. Net unrealized gains (losses) on other securities are included directly in net assets, net of applicable income taxes, except in the case of application of the fair value hedge accounting method, in which the change in fair value recognized is recorded in current earnings.

(B)

Securities that are held as trust assets in money held in trust are accounted for under the same basis as noted above in Notes (1) and (2)(A). Unrealized gains and losses on securities in money held in trust, which are not held for trading purposes or held to maturity, are included directly in net assets, net of applicable income taxes.

(3)

Derivatives

Derivative transactions (other than trading purposes) are calculated primarily based on fair value.

(4)

Depreciation and Amortization of Fixed Assets

(A)

Tangible Fixed Assets (Except for Lease Assets)

Depreciation of tangible fixed assets of MUFG and its domestic consolidated banking subsidiaries and domestic consolidated trust banking subsidiaries is computed using the declining-balance method.

Mitsubishi UFJ Financial Group, Inc.

The useful lives are primarily estimated as follows:

Buildings: 15 to 50 years

Equipment: 2 to 20 years

Depreciation of tangible fixed assets of other consolidated subsidiaries is computed primarily using the straight-line method based on their estimated useful lives.

(B)

Intangible Fixed Assets (Except for Lease Assets)

Amortization of intangible fixed assets is computed using the straight-line method. Development costs for internally used software are amortized using the straight-line method over the estimated useful lives of primarily 3 to 10 years.

(C)

Lease Assets

Depreciation or amortization of lease assets in “Tangible fixed assets” or “Intangible fixed assets” of the finance leases other than those that are deemed to transfer the ownership of leased property to the lessees is computed using the straight-line method over the lease periods with zero residual value unless residual value is guaranteed by the corresponding lease contracts.

(5)

Deferred Assets

Bond issuance costs and stock issuance costs are expensed as incurred.

(6)

Allowance for Credit Losses

Principal domestic consolidated subsidiaries provide an allowance for credit losses in accordance with the internal standards for self-assessment of asset quality and the internal standards for write-offs and provisions.

For claims on borrowers that have entered into bankruptcy, special liquidation proceedings or similar legal proceedings or whose notes have been dishonored and suspended from processing through clearing houses (“bankrupt borrowers”) or borrowers that are not legally or formally bankrupt but are regarded as substantially in a similar condition (“substantially bankrupt borrowers”), allowances are provided based on the amount of claims, after the write-offs as stated below, net of expected amounts to be collected through the disposal of collateral and the execution of guarantees.

For claims on borrowers that are not yet legally or formally bankrupt but deemed to have a high possibility of becoming bankrupt (“potentially bankrupt borrowers”) excluding a portion of which principal and interest payment can be reasonably estimated from borrower’s cash flows, allowances are provided based on an overall solvency assessment of the claims, net of expected amounts to be collected through the disposal of collateral and the execution of guarantees.

For claims on potentially bankrupt borrowers and claims on borrowers requiring close monitoring, of which principal and interest payment can be reasonably estimated from borrower’s cash flows, allowances are provided in an amount equal to the difference between the book value of the claims and the relevant cash flows discounted by the initial contractual interest rates.

For other claims, allowances are provided based on historical credit loss experience.

For claims originated in specific foreign countries, additional allowances are provided based on an assessment of political and economic conditions of these countries.

All claims are assessed by branches and the credit supervision departments in accordance with the internal standards for self-assessment of asset quality. The credit review department, which is independent from those operating sections, subsequently audits these assessments.

For claims on bankrupt borrowers and substantially bankrupt borrowers, the amount of claims exceeding the estimated value of collateral or guarantees, which is deemed uncollectible, has been written-off. The total amount of write-offs was ¥478,168 million.

Consolidated subsidiaries, not adopting procedures stated above, provide allowances based on their historical credit loss experience for general claims and based on individual assessments of the possibility of collection for specific deteriorated claims.

Mitsubishi UFJ Financial Group, Inc.

(7)

Reserve for Bonuses

Reserve for bonuses, which is provided for future bonus payments to employees, reflects an estimated amount accrued on the consolidated balance sheet date.

(8)

Reserve for Bonuses to Directors

Reserve for bonuses to directors, which is provided for future bonus payments to directors, reflects an estimated amount accrued on the consolidated balance sheet date.

(9)

Reserve for Retirement Benefits to Directors

Reserve for retirement benefits to directors, which is provided for future payments of retirement benefits to directors of subsidiaries, is recorded in the amount deemed accrued on the consolidated balance sheet date based on the estimated amount of benefits.

(10)

Reserve for Loyalty Award Credits

Reserve for loyalty award credits, which is provided to meet future use of credits granted to credit card (such as Super IC Card) customers, is recorded in the amount deemed necessary based on the estimated future use of unused credits.

(11)

Reserve for Contingent Losses

Reserve for contingent losses, which is provided for possible losses from contingent events related to off-balance-sheet and other transactions, is calculated by estimating the impact of such contingent events and includes future claims for repayment of excess interest payments on consumer loans that are estimated based on the past and pending claims.

(12)

Reserves under Special Laws

Reserves under special laws represent the reserve for contingent liabilities from financial instrument transactions set aside in accordance with Article 46-5-1 and Article 48-3-1 of the Financial Instruments and Exchange Law and Article 175 and Article 189 of the Cabinet Office Ordinance on Financial Instruments Business.

(13)

Retirement Benefits

In calculating benefit obligation, the portion of projected benefit obligation attributed to the current fiscal year is determined using the benefit formula basis.

Unrecognized prior service cost is amortized using the straight-line method for a fixed period, primarily over 10 years, within the employees’ average remaining service period.

Unrecognized net actuarial gains (losses) are amortized using the straight-line method for a fixed period, primarily over 10 years, within the employees’ average remaining service period, starting from the subsequent fiscal year after its occurrence.

For certain overseas branches of domestic consolidated subsidiaries and some of consolidated subsidiaries, net defined benefit liability and retirement benefit expenses are calculated by the simplified method.

(14)

Translation of Assets and Liabilities Denominated in Foreign Currencies

Assets and liabilities denominated in foreign currencies or booked at overseas branches of domestic consolidated banking subsidiaries and domestic consolidated trust banking subsidiaries are translated into yen primarily at exchange rates prevailing at the consolidated balance sheet date, except for investments in non-consolidated affiliates which are translated into yen at exchange rates prevailing at the acquisition dates.

Assets and liabilities denominated in foreign currencies of other consolidated subsidiaries are translated into yen at the exchange rates prevailing at the respective balance sheet date.

Mitsubishi UFJ Financial Group, Inc.

(15)

Leasing Transactions

(As Lessees)

Domestic consolidated subsidiaries’ finance leases other than those that are deemed to transfer the ownership of leased property to the lessees, which commenced in fiscal years beginning on or after April 1, 2008, are accounted for in a similar way to purchases and depreciation for lease assets is computed using the straight-line method over the lease term with zero residual value unless residual value is guaranteed by the corresponding lease contracts.

Finance leases other than those that are deemed to transfer the ownership of leased property to the lessees, which commenced in fiscal years beginning prior to April 1, 2008, are accounted for in a similar way to operating leases.

(As Lessors)

Finance leases other than those that are deemed to transfer the ownership of leased property to the lessees are accounted for in a similar way to sales and income and expenses related to such leases are recognized by allocating interest equivalents to applicable fiscal periods instead of recording sales as “Other ordinary income.”

(16)

Hedge Accounting

(A)

Hedge Accounting for Interest Rate Risks

Domestic consolidated banking subsidiaries and domestic consolidated trust banking subsidiaries have adopted the deferred hedge accounting method for hedging transactions for interest rate risks arising from financial assets and liabilities. Portfolio hedging or individual hedging, as described in the Japanese Institute of Certified Public Accountants (“JICPA”) Industry Audit Committee Report No. 24, “Treatment of Accounting and Auditing of Application of Accounting Standard for Financial Instruments in Banking Industry” (February 13, 2002) and JICPA Accounting Committee Report No. 14, “Practical Guidelines for Accounting for Financial Instruments” (January 31, 2000), are primarily applied to determine hedged items.

With respect to hedging transactions to offset fluctuations in the fair value of fixed rate deposits, loans and other instruments, hedging instruments (e.g. interest rate swaps) are designated to hedged items individually or collectively by their maturities in accordance with JICPA Industry Audit Committee Report No. 24. With respect to hedging transactions to offset fluctuations in fair value of fixed rate bonds classified as other securities, hedging instruments (e.g. interest rate swaps) are designated to hedged items collectively by the type of bond. Since material terms related to hedged items and hedging instruments are substantially identical, and such hedging transactions are deemed highly effective, the assessment of effectiveness is based on the similarity of the terms.

With respect to hedging transactions to fix the cash flows related to floating rate deposits and loans as well as forecasted transactions related to short-term fixed rate deposits, loans and other instruments, hedging instruments (e.g. interest rate swaps) are designated to hedged items collectively by interest rate indices and tenors in accordance with JICPA Industry Audit Committee Report No. 24. Since material terms related to hedged items and hedging instruments are substantially identical, and such hedging transactions are deemed highly effective, the assessment of effectiveness is based on the similarity of the terms. The effectiveness of hedging transactions is also assessed by the correlation between factors that cause fluctuations in interest rates of hedged items and those of hedging instruments.

(B)

Hedge Accounting for Foreign Currency Risks

Domestic consolidated banking subsidiaries and domestic consolidated trust banking subsidiaries have adopted the deferred hedge accounting method for hedging foreign currency risks arising from financial assets and liabilities denominated in foreign currencies. Portfolio hedging is applied to determine hedged items as described in JICPA Industry Audit Committee Report No. 25 “Treatment of Accounting and Auditing concerning Accounting for Foreign Currency Transactions in the Banking Industry” (July 29, 2002). Hedging instruments (e.g. currency swaps and forward exchange contracts) are designated to hedged items collectively by currencies.

Portfolio hedging and individual hedging are applied to hedge foreign currency risks arising from equity investments in foreign subsidiaries and foreign affiliates, and other securities (other than bonds) denominated in foreign currencies. Monetary claims and liabilities denominated in the same foreign currencies or forward exchange contracts are used as hedging instruments. As for the hedge accounting method applied to equity investments in foreign subsidiaries and foreign affiliates, foreign currency translation differences arising from hedging instruments are recorded as foreign currency translation adjustments. The fair value hedge accounting method is applied to other securities (other than bonds) denominated in foreign currencies.

Mitsubishi UFJ Financial Group, Inc.

(C)

Hedge Accounting for Stock Price Fluctuation Risks

Individual hedging is applied to hedge market fluctuation risks arising from strategic equity securities held by domestic consolidated banking subsidiaries. Instruments such as total return swaps are used as hedging instruments. The effectiveness of hedging transactions is assessed by the correlation between changes in fair value of hedged items and changes in fair value of hedging instruments. The fair value hedge accounting method is applied.

(D)

Transactions among Consolidated Subsidiaries

Derivative transactions including interest rate swaps and currency swaps which are designated as hedging instruments among consolidated subsidiaries or between trading accounts and other accounts (or among internal sections) are not eliminated from the consolidated statements of income or valuation difference, but are recognized as related gains or losses or deferred under hedge accounting because these derivative transactions are executed, meeting certain criteria under JICPA Industry Audit Committee Reports No. 24 and No. 25 and they are regarded as equivalent to external third-party transactions.

(17)

Amortization Method and Amortization Period of Goodwill

Goodwill is primarily amortized using the straight-line method over 20 years starting from the period of the acquisition. Other goodwill with insignificant balances is expensed as incurred.

(18)

Cash and Cash Equivalents in the Consolidated Statements of Cash Flows

Cash and cash equivalents in the consolidated statements of cash flows are defined as “Cash and due from banks” on the consolidated balance sheet, excluding time deposits and negotiable certificates of deposits in other banks.

(19)

Consumption Taxes

National and local consumption taxes are excluded from transaction amounts. Non-deductible portions of consumption taxes on the purchases of tangible fixed assets are expensed when incurred.

(20)

Adoption of Consolidated Taxation System

MUFG and some of its domestic consolidated subsidiaries adopted the consolidated taxation system from the current fiscal year.

(21)

Accounting Standard for Foreign Subsidiaries

Financial statements of foreign subsidiaries are used for consolidated accounting as long as they are prepared in accordance with the International Financial Reporting Standards (“IFRS”) or Accounting Principles Generally Accepted in the United States (“U.S. GAAP”).

If they are prepared in accordance with generally accepted accounting principles in each domicile country and not in accordance with IFRS or U.S. GAAP, the financial statements of foreign subsidiaries are mainly rearranged in accordance with U.S. GAAP. They were also adjusted when necessary in the process of consolidation.

Mitsubishi UFJ Financial Group, Inc.

(Changes in Accounting Policies)

(Changes in Accounting Policies due to Revision of Accounting Standards)

(Accounting Standards for Retirement Benefits)

The main clause of Article 35 of the “Accounting Standard for Retirement Benefits” (ASBJ Statement No. 26 issued on May 17, 2012, hereinafter “Retirement Benefits Accounting Standard”) and the main clause of Article 67 of the “Guidance on Accounting Standard for Retirement Benefits” (ASBJ Guidance No. 25 issued on March 26, 2015 hereinafter “Retirement Benefits Guidance”) were adopted from the current fiscal year. Accordingly, the calculation methods of retirement benefit obligation and service cost were changed. Specifically, the method of determining the portion of projected benefit obligation attributed to periods was changed from the straight-line method to the benefit formula basis. In addition, the method of determining the discount rates applied in the calculation of projected benefit obligation was changed from the method using the average period up to estimated benefit payment date to the method using the single weighted-average discount rate that reflects the estimated period and amount of benefit payment in each period.

The Retirement Benefits Accounting Standard and other standards were applied in accordance with the transitional treatment set forth in Article 37 of the Retirement Benefits Accounting Standard, and the effects of the change in calculation methods of retirement benefit obligation and service cost were added to or deducted from retained earnings as of April 1, 2014.

As a result, net defined benefit asset decreased by ¥58,569 million, net defined benefit liability decreased by ¥1,594 million, and retained earnings decreased by ¥37,224 million as of April 1, 2014. In addition, ordinary profits and income before income taxes and others for the fiscal year ended March 31, 2015 increased by ¥1,643 million, respectively.

The effects of the change on per share information are stated in “Per Share Information.”

(Accounting Standards for Business Combinations)

As the “Revised Accounting Standard for Business Combinations (ASBJ Statement No. 21 issued on September 13, 2013, hereinafter “Business Combinations Accounting Standard”), “Revised Accounting Standard for Consolidated Financial Statements (ASBJ Statement No. 22 issued on September 13, 2013, hereinafter “Consolidation Accounting Standard”), “Revised Accounting Standard for Business Divestitures” (ASBJ Statement No. 7 issued on September 13, 2013, hereinafter “Business Divestitures Accounting Standard”) and other standards became applicable from the fiscal year beginning on or after April 1, 2014, these standards were adopted from the current fiscal year (with the exception of Article 39 of the Consolidation Accounting Standard). Accordingly, the accounting method was changed to record the difference arising from changes in equity in subsidiaries which MUFG continues to control as capital surplus, and to record business acquisition costs as expenses for the fiscal year in which they occurred. In addition, regarding business combinations which became or will become effective on or after April 1, 2014, the accounting method was changed to retroactively reflect adjustments to the allocation of acquisition cost under provisional accounting treatment on the consolidated financial statements of the fiscal year in which the relevant business combinations became or will become effective.

The Business Combinations Accounting Standard and other standards were applied in accordance with the transitional treatment set forth in Article 58-2 (3) of the Business Combinations Accounting Standard, Article 44-5 (3) of the Consolidation Accounting Standard and Article 57-4 (3) of the Business Divestitures Accounting Standard. The cumulative effects arising from the retroactive application of these new accounting policies to all the previous fiscal years were added to or deducted from capital surplus and retained earnings as of April 1, 2014.

As a result, goodwill decreased by ¥266,925 million, capital surplus decreased by ¥346,454 million, and retained earnings increased by ¥95,134 million as of April 1, 2014. In addition, both ordinary profits and income before income taxes and others for the fiscal year ended March 31, 2015 increased by ¥17,700 million, respectively.

As for the consolidated statements of cash flows for the fiscal year ended March 31, 2015, cash flows related to purchases or sales of subsidiaries’ equity not affecting the scope of consolidation are classified into “Cash flows from financing activities.” Cash flows related to expenses arising from purchases of subsidiaries’ equity affecting the scope of consolidation, or cash flows related to expenses arising from purchases or sales of subsidiaries’ equity not affecting the scope of consolidation are classified into “Cash flows from operating activities.”

The effects of the change on per share information are stated in “Per Share Information.”

Mitsubishi UFJ Financial Group, Inc.

(Consolidated Balance Sheet)

1.	Securities include ¥2,393,296 million in stock and ¥28,439 million in investments of affiliates.

“Securities” also includes ¥80,312 million of unsecured securities loaned with respect to which borrowers have rights to sell or pledge. For borrowed securities under securities borrowing transactions and securities purchased under resale agreements which were permissible to be sold or re-pledged without restrictions, ¥12,071,114 million of such securities were re-pledged, ¥267,281 million were re-loaned and ¥3,635,107 million were held by MUFG as of the consolidated balance sheet date.

3.	Loans to bankrupt borrowers: ¥23,586 million.

Non-accrual delinquent loans: ¥811,478 million.

Loans to bankrupt borrowers are loans, after write-offs, to bankrupt borrowers as defined in Article 96-1-3-1 to 5 and 96-1-4 of the Enforcement Ordinance of the Corporate Tax Law (No. 97 in 1965) on which accrued interest income is not recognized (“Non-accrual loans”) as there is substantial doubt as to the collection of principal and/or interest because of delinquencies in payment of principal and/or interest for a significant period of time or for some other reasons.

Non-accrual delinquent loans represent non-accrual loans other than loans to bankrupt borrowers and loans renegotiated at concessionary terms including reduction or deferral of interest due to borrowers’ weakened financial condition.

4.	Loans past due for 3 months or more: ¥51,034 million.

Loans past due for 3 months or more represent loans whose principal and/or interest payments have been past due for 3 months or more excluding loans to bankrupt borrowers and non-accrual delinquent loans.

5.	Restructured loans: ¥653,839 million.

Restructured loans represent loans renegotiated at concessionary terms including reduction or deferral of interest or principal and waiver of the claims for the purpose of business reconstruction or support for the borrower, excluding loans to bankrupt borrowers, non-accrual delinquent loans and loans past due for 3 months or more.

6.	The total amount of loans to bankrupt borrowers, non-accrual delinquent loans, loans past due for 3 months or more and restructured loans was ¥1,539,939 million.

The amounts provided in Notes 3 to 6 represent gross amounts before the deduction of allowances for credit losses.

Bills discounted were accounted for as financial transactions in accordance with JICPA Industry Audit Committee Report No. 24. MUFG’s banking subsidiaries and trust banking subsidiaries have rights to sell or pledge bank acceptances bought, commercial bills discounted, documentary bills and foreign exchanges bought without restrictions. The total face value of these bills was ¥1,370,720 million.

8.	Assets pledged as collateral were as follows:


Trading assets			¥248,882 million
Securities			¥4,629,478 million
Loans and bills discounted			¥8,024,130 million

Mitsubishi UFJ Financial Group, Inc.

Liabilities related to pledged assets were as follows:


Deposits			¥702,440 million
Call money and bills sold			¥792,619 million
Trading liabilities			¥22,131 million
Borrowed money			¥10,778,786 million
Bonds payable			¥34,336 million
Acceptances and guarantees			¥80,000 million

In addition to the items listed above, ¥2,571 million of cash and due from banks, ¥1,438,879 million of monetary claims bought, ¥229,479 million of trading assets, ¥11,553,234 million of securities, and ¥8,083,137 million of loans and bills discounted were pledged as collateral for cash settlements and other transactions or as deposits for margin accounts of futures and other transactions. ¥4,373,913 million of trading assets and ¥16,501,920 million of securities were sold under repurchase agreements or loaned under secured lending transactions with cash collateral. Payables corresponding to the assets sold or loaned under repurchase agreements and under securities lending transactions were ¥12,616,225 million and ¥7,615,108 million, respectively.

Bills rediscounted were accounted for as financial transactions in accordance with JICPA Industry Audit Committee Report No. 24. The total face value of bills of exchange rediscounted was ¥8,167 million.

Overdraft facilities and commitment lines of credit are binding contracts under which MUFG’s consolidated subsidiaries have obligations to disburse funds up to predetermined limits upon the borrower’s request as long as there have been no breach of contracts. The total amount of the unused portion of these facilities was ¥84,463,628 million.

The total amount of the unused portion does not necessarily represent actual future cash requirements because many of these contracts are expected to expire without being drawn upon. In addition, most of these contracts include clauses which allow MUFG’s consolidated subsidiaries to decline the borrower’s request for disbursement or decrease contracted limits for cause, such as changes in financial condition or deterioration in the borrower’s creditworthiness. MUFG’s consolidated subsidiaries may request the borrowers to pledge real property and/or securities as collateral upon signing of the contract and will perform periodic monitoring on the borrower’s business conditions in accordance with internal procedures, which may lead to renegotiation of the terms and conditions of the contracts and/or initiate the request for additional collateral and/or guarantees.

10.

In accordance with the “Law concerning Revaluation of Land” (the “Law”) (No. 34, March 31, 1998), land used for business operations of domestic consolidated banking subsidiaries and domestic consolidated trust banking subsidiaries has been revalued as of the dates indicated below. The total excess from revaluation, net of income taxes corresponding to the excess which were recognized as “Deferred tax liabilities for land revaluation,” is stated as “Land revaluation excess” in net assets. Land revaluation excess includes MUFG’s share of affiliated companies’ land revaluation excess.

Dates of revaluation:


Domestic consolidated banking subsidiaries		March 31, 1998

Domestic consolidated trust banking subsidiaries		March 31, 1998, December 31, 2001 and March 31, 2002

The method of revaluation as set forth in Article 3, Paragraph 3 of the “Law”:

Fair values are determined based on (1) “published land price under the Land Price Publication Law” stipulated in Article 2-1 of the “Enforcement Ordinance of the Law concerning Revaluation of Land” (“Ordinance”) (No. 119, March 31, 1998), (2) “standard land price determined on measurement spots under the Enforcement Ordinance of National Land Planning Law” stipulated in Article 2-2 of the “Ordinance,” (3) “land price determined by the method established and published by the Director General of the National Tax Agency in order to calculate land value which is used for determining taxable amounts subject to landholding tax articulated in Article 16 of the Landholding Tax Law” stipulated in Article 2-4 of the “Ordinance” with price adjustments by shape and time and (4) appraisal by certified real estate appraisers stipulated in Article 2-5 of the “Ordinance” with price adjustments for time.

The difference between the fair value of land used for business operations revaluated in accordance with Article 10 of the law as of the end of the current fiscal year and the book value of such land following the revaluation was ¥11,164 million.

In addition, some of our affiliates that were accounted under equity method did the revaluation for land used for business operations on March 31, 2002.

Mitsubishi UFJ Financial Group, Inc.

11.	Accumulated depreciation on tangible fixed assets: ¥1,209,973 million.

12.	Deferred gains on tangible fixed assets deducted for tax purposes: ¥91,675 million.

13.	Borrowed money included ¥671,000 million of subordinated borrowings.

14.	Bonds payable included ¥2,091,648 million of subordinated bonds.

15.	The principal amount of money trusts entrusted to domestic trust banking subsidiaries, for which repayment of the principal to the customers was guaranteed, was ¥1,738,140 million.

16.	With regard to bonds and other securities in “Securities,” guarantee obligations for private placement bonds (provided in accordance with the Article 2-3 of the Financial Instruments and Exchange Law) were ¥694,302 million.

Mitsubishi UFJ Financial Group, Inc.

(Consolidated Statements of Income)

1.	“Other ordinary income” included ¥159,637 million of equity in gains of the equity method investees and ¥114,477 million of gains on sales of equity securities.

2.	“Other ordinary expenses” included ¥144,845 million of write-offs of loans and ¥56,150 million of provision for reserve for contingent losses.

“Civil monetary payment” of ¥37,097 million was agreed upon with the New York State Department of Financial Services and paid by a domestic consolidated banking subsidiary, in connection with self-investigations and reports of settlement transaction with a country subject to U.S. economic sanctions.

Mitsubishi UFJ Financial Group, Inc.

(Consolidated Statements of Changes in Net Assets)

1.	Detailed Information regarding Outstanding Shares


	(Thousand shares)
	Number of shares as of April 1, 2014		Number of shares increased		Number of shares decreased		Number of shares as of March 31, 2015		Notes
Outstanding shares
Common stock		14,164,026		4,827		—		14,168,853		(1)
First series of class 5 preferred stock		156,000		—		156,000		—		(2)
Class 11 preferred stock		1		—		1		—		(2)
Total		14,320,027		4,827		156,001		14,168,853
Treasury stock
Common stock		2,554		148,664		204		151,014		(3)
First series of class 5 preferred stock		—		156,000		156,000		—		(4)
Class 11 preferred stock		—		1		1		—		(4)
Total		2,554		304,665		156,205		151,014

(Notes)

(1)

Increase in the number of common stock by 4,827 thousand shares was due to the exercise of stock options.

(2)

Decrease in the number of First series of class 5 preferred stock by 156,000 thousand shares and a decrease in the number of Class 11 preferred stock by 1 thousand shares were due to the cancellation of those shares.

(3)

Increase in the number of common stock held in treasury by 148,664 thousand shares was mainly due to the acquisition pursuant to the provisions of Articles of Incorporation, repurchase of stocks in response to requests made by shareholders holding shares constituting less than a unit, and an increase in the number of shares held by affiliates accounted for under the equity method. Decrease in the number of common stock held in treasury by 204 thousand shares was mainly due to sale of stocks in response to requests made by shareholders holding shares constituting less than a unit, delivery of shares in exchange for the acquisition of Class 11 preferred stock, sale of stocks by affiliates accounted for under the equity method, and a decrease in the number of shares held by affiliates accounted for under the equity method.

(4)

Increase in the number of First series of class 5 preferred stock held in treasury by 156,000 thousand shares and an increase in the number of Class 11 preferred stock held in treasury by 1 thousand shares were due to the acquisition of all of the relevant preferred stocks pursuant to the provisions of Articles of Incorporation. In addition, a decrease in the number of First series of class 5 preferred stock held in treasury by 156,000 thousand shares and a decrease in the number of Class 11 preferred stock held in treasury by 1 thousand shares were due to the cancellation of those shares.

2.	Information regarding Subscription Rights to Shares


Issuer	Type of subscription rights to shares	Type of stock to be issued		Number of shares subject to subscription rights								Balance as of March 31, 2015 (in millions of yen)
Issuer	Type of subscription rights to shares	Type of stock to be issued		As of April 1, 2014		Increase		Decrease		As of March 31, 2015		Balance as of March 31, 2015 (in millions of yen)
MUFG	Stock options		—		—		—		—		—	8,271
Total			—		—		—		—		—	8,271

Mitsubishi UFJ Financial Group, Inc.

3.	Detailed Information regarding Cash Dividends

(A)

Dividends Paid in the Fiscal Year Ended March 31, 2015

Date of approval

Type of stock

Total Dividends
(in millions of
yen)

Dividend

per share

(¥)

Dividend

record date

Effective date

Annual General Meeting of Shareholders on June 27, 2014

Common stock

127,474

March 31,
2014

June 27,
2014

First series of class 5 preferred stock

8,970

57.5

Class 11 preferred stock

2.65

Meeting of Board of Directors on November 14, 2014

Common stock

127,515

September 30,
2014

December 5,
2014

(B)

Dividends with Record Dates on or before March 31, 2015 and Effective Dates after March 31, 2015

The following matters relating to dividends are planned to be brought up at the Annual General Meeting of Shareholders scheduled to be held on June 25, 2015.

Date of approval

(scheduled)

Type of stock

Total Dividends
(in millions of
yen)

Source of

dividends

Dividend

per share

(¥)

Dividend

record date

Effective

date

Annual General Meeting of Shareholders on June 25, 2015 (tentative)

Common stock

126,179

Retained

earnings

March 31,
2015

June 25,
2015

Mitsubishi UFJ Financial Group, Inc.

(Consolidated Statements of Cash Flows)

The difference between “cash and cash equivalents” and items presented on the consolidated balance sheet

As of March 31, 2015


Cash and due from banks on the consolidated balance sheet:	¥ 40,488,318 million
Time deposits and negotiable certificates of deposit in other banks:	¥(30,498,282 million	)

Cash and cash equivalents:	¥ 9,990,035 million

Mitsubishi UFJ Financial Group, Inc.

(Financial Instruments)

Disclosure on the Fair Value and Other Matters of Financial Instruments

(1)	The following table summarizes the amount stated on the consolidated balance sheet and the fair value of financial instruments as of March 31, 2015 together with their differences.

Note that the following table does not include non-listed equity securities and certain other securities of which fair value is extremely difficult to determine.


	(in millions of yen)
	Amount on consolidated balance sheet			Fair value			Difference
(1) Cash and due from banks		40,488,318			40,488,318			—
(2) Call loans and bills bought		604,625			604,625			—
(3) Receivables under resale agreements		7,342,335			7,342,335			—
(4) Receivables under securities borrowing transactions		4,633,544			4,633,544			—
(5) Monetary claims bought (*1)		4,570,712			4,592,452			21,740
(6) Trading assets		7,842,240			7,842,240			—
(7) Money held in trust		700,218			700,218			—
(8) Securities
Debt securities being held to maturity		2,132,633			2,163,002			30,369
Other securities		68,693,442			68,693,442			—
(9) Loans and bills discounted		109,368,340
Allowance for credit losses (*1)		(835,232	)

		108,533,107			110,121,810			1,588,703

(10) Foreign exchanges (*1)		2,187,311			2,187,311			—

Total assets		247,728,488			249,369,301			1,640,812

(1) Deposits		153,357,410			153,385,206			27,795
(2) Negotiable certificates of deposit		16,073,850			16,077,578			3,727
(3) Call money and bills sold		3,600,104			3,600,104			—
(4) Payables under repurchase agreements		21,899,506			21,899,506			—
(5) Payables under securities lending transactions		8,205,350			8,205,350			—
(6) Commercial papers		2,179,634			2,179,634			—
(7) Trading liabilities		2,518,427			2,518,427			—
(8) Borrowed money		13,866,196			13,886,485			20,288
(9) Foreign exchanges		1,496,476			1,496,476			—
(10) Short-term bonds payable		789,512			789,512			—
(11) Bonds payable		8,141,713			8,286,394			144,680
(12) Due to trust accounts		3,183,295			3,183,295			—

Total liabilities		235,311,478			235,507,970			196,492

Derivative transactions (*2)
Activities not qualifying for hedge accounting		202,108			202,108			—
Activities qualifying for hedge accounting		(197,910	)		(197,910	)		—

Total derivative transactions		4,197			4,197			—

(*1)	General and specific reserves for credit losses corresponding to loans are deducted. However, with respect to items other than loans, the amount stated on the consolidated balance sheet is shown since the amount of reserve for credit losses corresponding to these items is insignificant.

(*2)	Derivative transactions in trading assets and liabilities as well as other assets and liabilities are shown together. Assets and liabilities arising from derivative transactions are presented on a net basis, and liabilities are shown in parentheses.

Mitsubishi UFJ Financial Group, Inc.

(2)

The following table summarizes financial instruments on the consolidated balance sheet whose fair value is extremely difficult to estimate. These securities are not included in the amount presented under the line item “Assets – (8) Other securities” in the table summarizing fair value of financial instruments.


	(in millions of yen)
Category	Carrying amount
(1) Non-listed equity securities (1) (2)		152,215
(2) Investments in partnerships and others (2) (3)		165,933
(3) Others (*2)		865
Total		319,014

(*1)

Non-listed equity securities do not carry quoted market prices. Since it is extremely difficult to estimate the fair value of these securities, their fair value is not disclosed.

(*2)

With respect to non-listed equity securities, an impairment loss of ¥3,025 million was recorded in the current fiscal year.

(*3)

Investments in partnerships and others mainly include silent partnerships and investment partnerships and other partnerships, and they do not carry quoted market prices. Since it is extremely difficult to estimate the fair value of these securities, their fair value is not disclosed.

Mitsubishi UFJ Financial Group, Inc.

(Securities)

In addition to “Securities” on the consolidated balance sheet, the figures in the following tables include trading account securities, securities related to trading transactions and short-term corporate bonds classified as “Trading assets,” negotiable certificates of deposit in “Cash and due from banks” and beneficiary certificates of commodities investment trusts in “Monetary claims bought” and others.

1. Trading Securities (as of March 31, 2015)


	(in millions of yen)
	Net unrealized gains (losses) recorded on the consolidated statement of income during the current fiscal year
Trading securities		23,503

2. Debt Securities Being Held to Maturity (as of March 31, 2015)


	(in millions of yen)
	Type of securities	Amount on consolidated balance sheet		Fair value		Difference
Securities of which the fair value exceeds the amount recorded on the consolidated balance sheet	Domestic bonds		926,096		942,188		16,091
	Government bonds		926,096		942,188		16,091
	Municipal bonds		—		—		—
	Corporate bonds		—		—		—
	Other securities		2,145,936		2,188,927		42,990
	Foreign bonds		811,300		828,544		17,244
	Other		1,334,636		1,360,382		25,745
	Subtotal		3,072,033		3,131,115		59,081
Securities of which the fair value does not exceed the amount recorded on the consolidated balance sheet	Domestic bonds		200,115		198,580		(1,535	)
	Government bonds		200,115		198,580		(1,535	)
	Municipal bonds		—		—		—
	Corporate bonds		—		—		—
	Other securities		861,528		857,710		(3,817	)
	Foreign bonds		195,121		193,690		(1,431	)
	Other		666,406		664,019		(2,386	)
	Subtotal		1,061,643		1,056,290		(5,352	)
Total			4,133,677		4,187,405		53,728

Mitsubishi UFJ Financial Group, Inc.

3. Other Securities (as of March 31, 2015)


	(in millions of yen)
	Type of securities	Amount on consolidated balance sheet		Acquisition cost		Difference
Securities of which the fair value exceeds the acquisition cost	Domestic equity securities		5,521,640		2,552,053		2,969,586
	Domestic bonds		28,262,647		27,931,107		331,539
	Government bonds		26,082,448		25,807,591		274,856
	Municipal bonds		173,773		168,332		5,441
	Corporate bonds		2,006,425		1,955,184		51,241
	Other securities		22,626,874		21,683,728		943,146
	Foreign equity securities		187,035		127,994		59,040
	Foreign bonds		19,372,048		18,748,901		623,146
	Other		3,067,790		2,806,832		260,958
	Subtotal		56,411,162		52,166,890		4,244,272
Securities of which the fair value does not exceed the acquisition cost	Domestic equity securities		199,753		239,319		(39,566	)
	Domestic bonds		8,257,571		8,262,735		(5,163	)
	Government bonds		8,001,986		8,003,364		(1,377	)
	Municipal bonds		14,542		14,610		(67	)
	Corporate bonds		241,042		244,761		(3,718	)
	Other securities		4,467,783		4,534,124		(66,341	)
	Foreign equity securities		4,366		4,940		(574	)
	Foreign bonds		3,192,942		3,218,747		(25,805	)
	Other		1,270,474		1,310,436		(39,961	)
	Subtotal		12,925,108		13,036,180		(111,071	)
Total			69,336,270		65,203,070		4,133,200

(Note)

The total difference amount shown in the table above includes ¥64,406 million revaluation gains of securities by application of the fair value hedge accounting method.

Mitsubishi UFJ Financial Group, Inc.

4.	Other Securities Sold during the Current Fiscal Year (from April 1, 2014 to March 31, 2015)


	(in millions of yen)
	Amount sold		Gains on sales		Losses on sales
Domestic equity securities		652,155		102,391		5,001
Domestic bonds		82,205,981		98,853		35,253
Government bonds		81,804,519		94,268		35,106
Municipal bonds		119,186		754		122
Corporate bonds		282,275		3,829		24
Other securities		24,458,203		145,745		77,784
Foreign equity securities		20,630		6,011		1,402
Foreign bonds		23,978,276		132,877		69,855
Other		459,295		6,857		6,525
Total		107,316,340		346,989		118,039

5.	Securities Incurred Impairment Losses

Securities other than those held for trading purposes and investment in affiliates (excluding certain securities of which fair value is extremely difficult to determine) are subject to write-downs when their fair value has been impaired considerably and it is not probable that the value will recover to the acquisition cost as of the end of the current fiscal year. In such case, the fair value is recorded on the consolidated balance sheet and the difference between fair value and acquisition cost is recognized as losses for the fiscal year (referred to as “impairment losses”).

For the current fiscal year, impairment losses were ¥4,212 million consisting of ¥1,754 million of impairment losses on equity securities and ¥2,457 million of impairment losses on bonds and other securities in which securities whose fair value was extremely difficult to estimate were included.

“Considerable decline in fair value” was determined based on the classification of issuers in accordance with the internal standards for self-assessment of asset quality as follows:

Bankrupt, Substantially bankrupt or Potentially bankrupt issuers:

Fair value is lower than acquisition cost.

Issuers requiring close monitoring:

Fair value has declined 30% or more from acquisition cost.

Other issuers:

Fair value has declined 50% or more from acquisition cost.

“Bankrupt issuers” mean issuers who have entered into bankruptcy, special liquidation proceedings or similar legal proceedings or whose notes have been dishonored and suspended from processing through clearing houses. “Substantially bankrupt issuers” mean issuers who are not legally or formally bankrupt but are regarded as substantially in a similar condition. “Potentially bankrupt issuers” mean issuers who are not yet legally or formally bankrupt but deemed to have a high possibility of becoming bankrupt. “Issuers requiring close monitoring” mean issuers who are financially weak and under close monitoring conducted by MUFG’s subsidiaries. “Other issuers” mean issuers who do not correspond to any of the four categories of issuers mentioned above.

Mitsubishi UFJ Financial Group, Inc.

(Money Held in Trust)

1.	Money Held in Trust for Trading Purpose (as of March 31, 2015)

2.	Money Held in Trust Being Held to Maturity (as of March 31, 2015): None

3.	Money Held in Trust not for Trading Purpose or Being Held to Maturity (as of March 31, 2015)


	(in millions of yen)
	(a) Amount on consolidated balance sheet		(b) Acquisition cost		Difference (a)-(b)		Money held in trust with respect to which (a) exceeds (b)		Money held in trust with respect to which (a) does not exceed (b)
Money held in trust not for trading purpose or being held to maturity		656,329		655,440		889		889		—

(Note)

“Money held in trust with respect to which (a) exceeds (b)” and “Money held in trust with respect to which (a) does not exceed (b)” show the breakdown of the difference between (a) and (b).

(Net Unrealized Gains (Losses) on Other Securities)

Detailed information regarding net unrealized gains (losses) on other securities (as of March 31, 2015)


	(in millions of yen)
Net unrealized gains (losses) on other securities		4,032,668
Other securities		4,078,765
Money held in trust not for trading purpose or being held to maturity		889
Reclassification from “Other securities” to “Debt securities being held to maturity”		(46,986	)
Deferred tax liabilities		(1,226,966	)
Net unrealized gains (losses) on other securities, net of deferred tax liabilities (before MUFG’s ownership share of affiliates’ unrealized gains (losses) adjustments)		2,805,701
Minority interests		11,358
MUFG’s ownership share of affiliates’ unrealized gains (losses) on other securities		18,030
Total		2,835,091


(Notes)		(1) “Net unrealized gains (losses) on other securities” shown in the above table excluded ¥64,406 million revaluation gains of securities by application of the fair value hedge accounting method, which were recorded in current earnings.
		(2) “Net unrealized gains (losses) on other securities” shown in the above table included ¥9,971 million of unrealized gains on securities in investment limited partnerships.

Mitsubishi UFJ Financial Group, Inc.

(Business Combinations)

Transactions Under Common Control

(Integration of BTMU Bangkok Branch and Bank of Ayudhya Public Company Limited)

In accordance with the Conditional Branch Purchase Agreement concluded on September 18, 2013 between The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”), MUFG’s consolidated subsidiary, and Bank of Ayudhya Public Company Limited (“Krungsri”), BTMU’s consolidated subsidiary, BTMU integrated its Bangkok Branch (the “former BTMU Bangkok Branch”) with Krungsri on January 5, 2015 through the contribution in kind of the former BTMU Bangkok Branch business to Krungsri. The brief overview is described as follows.

1.	Overview of the Transaction

(1)

Name and Business Description of the Business Integrated


Name of business		Former BTMU Bangkok Branch
Description of business		Commercial bank

(2)

Date of the Business Combination

January 5, 2015

(3)

Legal Form of the Business Combination

Contribution in kind

(4)

Name of the Company After the Integration

Bank of Ayudhya Public Company Limited

(5)

Other Matters Related to Overview of the Transaction

The transaction was made in compliance with the Bank of Thailand’s One Presence Policy, and intending collaboration in various fields to maximize the strategic partnership with Krungsri in accordance with the Conditional Branch Purchase Agreement concluded between BTMU and Krungsri on September 18, 2013.

2.	Overview of Accounting Treatment Applied

The transaction is treated as a transaction under common control in accordance with “Revised Accounting Standard for Business Combinations” (ASBJ Statement No. 21 issued on September 13, 2013) and “Revised Guidance on Accounting Standard for Business Combinations and Accounting Standard for Business Divestitures” (ASBJ Guidance No. 10 issued on September 13, 2013).

3.	Matters Related to Changes in Equity Held by the Company Related to the Transactions with Minority Shareholders

As a result of acquisition of the common shares of Krungsri through the contribution in kind of the former BTMU Bangkok Branch business to Krungsri, capital surplus decreased ¥11,187 million.

Mitsubishi UFJ Financial Group, Inc.

(Segment Information)

1.	Information regarding the Amounts of Ordinary Income, Ordinary Profits (Losses), Assets and other items by Segment

For the Fiscal Year Ended March 31, 2015


	(in millions of yen)
	The Bank of Tokyo- Mitsubishi UFJ, Ltd.		Mitsubishi UFJ Trust and Banking Corporation		Mitsubishi UFJ Securities Holdings Co., Ltd.		Consumer Finance Subsidiaries		Others			Total		Adjustments			Amount recorded in the consolidated financial statements
Ordinary income		4,028,944		650,326		516,057		487,767		684,305			6,367,401		(728,999	)		5,638,402
Interest income		2,384,928		225,642		31,616		194,829		647,412			3,484,430		(678,191	)		2,806,238
Investment gains on equity method		24,691		11,583		15,197		303		—			51,777		107,859			159,637
Ordinary income from customers		3,951,105		631,418		479,252		469,642		106,983			5,638,402		—			5,638,402
Ordinary income from internal transactions		77,839		18,907		36,804		18,125		577,321			728,999		(728,999	)		—

Segment income (loss)		731,622		159,773		50,995		27,511		626,295			1,596,198		(562,439	)		1,033,759

Segment assets		219,313,264		38,309,785		29,992,593		4,163,265		12,095,009			303,873,917		(17,724,149	)		286,149,768

Other items
Depreciation		224,836		31,263		15,080		23,713		1,788			296,683		3,480			300,163
Amortization of goodwill		16,920		1,049		959		984		—			19,913		(2,125	)		17,787
Interest expenses		512,186		62,976		44,006		23,032		28,352			670,554		(45,811	)		624,743
Extraordinary gains		4,091		9,848		4		716		0			14,661		(6	)		14,655
Extraordinary losses		72,391		8,995		2,624		597		133			84,743		28,156			112,899
Impairment losses on fixed assets		4,249		5,466		1,771		—		—			11,487		—			11,487
Income tax expenses		347,236		69,840		37,748		3,819		(1,325	)		457,319		10,467			467,786
Unamortized balance of goodwill		293,225		18,859		17,024		7,443		—			336,553		(27,433	)		309,119
Investment to companies accounted for under the equity method		282,391		124,580		250,221		4,828		823,689			1,485,710		936,025			2,421,736
Increases in tangible and intangible fixed assets		287,385		40,946		25,219		33,547		5,546			392,645		—			392,645


(Notes)	(1)	Ordinary income, interest income and interest expenses are presented, respectively, in lieu of net sales, interest on deposits and interest on borrowings of the companies in non-banking industries.
	(2)	“Others” includes MUFG.
	(3)	Segment income for “Others” includes ¥579,270 million of dividends from MUFG’s subsidiaries and affiliates.
	(4)	Interest income adjustments include elimination of the dividends from affiliates recorded by MUFG.
	(5)	Segment income adjustments include minus ¥667,722 million elimination of internal transactions, as well as ¥105,283 million comprising investment gains (losses) on equity method, amortization of goodwill, tax expenses, and minority interests gains (losses) that are not attributable to specific segments.
	(6)	Segment assets adjustments are primarily elimination of assets and liabilities between segments.
	(7)	Adjustments for extraordinary losses include losses on change in equity
	(8)	Segment income is reconciled to net income in the consolidated statement of income.

Mitsubishi UFJ Financial Group, Inc.

(Per Share Information)


	For the fiscal year ended March 31, 2015
Net assets per common share		¥1,092.74
Net income per common share		¥73.21
Diluted net income per common share		¥72.94


(Notes)		(1) Basis for computing net income per common share and diluted net income per common share is as follows:


		For the fiscal year ended March 31, 2015
Net income per common share
Net income	million yen	1,033,759
Amounts not attributable to common shareholders	million yen	—
Net income attributable to common stock	million yen	1,033,759
Average number of common stock outstanding for the fiscal period	thousand shares	14,119,202
Diluted net income per common share
Adjustments in net income	million yen	(2,471)
Adjustments made to reflect convertible securities of subsidiaries and others	million yen	(2,471)
Increase in common share	thousand shares	19,175
Preferred stock	thousand shares	0
Subscription rights to shares	thousand shares	19,175
Convertible securities not diluting net income per common share		Subscription rights to shares of affiliates accounted for under the equity method: Morgan Stanley Stock options - 15 million units as of December 31, 2014

(2) Basis for computing net assets per common share is as follows:


		For the fiscal year ended March 31, 2015
Total net assets	million yen	17,287,533
Amounts deducted from total net assets	million yen	1,969,593
Subscription rights to shares	million yen	8,271
Minority interests	million yen	1,961,322
Net assets attributable to common shareholders at the end of the fiscal period	million yen	15,317,940
Number of common stock outstanding at the end of the fiscal period (excluding treasury stock)	thousand shares	14,017,839

Mitsubishi UFJ Financial Group, Inc.

(3)	As stated in “Changes in Accounting Policies,” Retirement Benefits Accounting Standard and other standards were adopted in accordance with the transitional treatment set forth in Article 37 of the Retirement Benefits Accounting Standard.

As a result, total net assets per common share decreased by ¥2.63 as of April 1, 2014. The impact of this change on net income per common share and diluted net income per common share for the fiscal year ended March 31, 2015 was immaterial.

(4)

As stated in “Changes in Accounting Policies,” Business Combinations Accounting Standard and other standards were adopted in accordance with the transitional treatment set forth in Article 58-2 (3) of the Business Combinations Accounting Standard, Article 44-5 (3) of the Consolidation Accounting Standard, and Article 57-4 (3) of the Business Divestitures Accounting Standard.

As a result, total net assets per common share decreased by ¥17.76 as of April 1, 2014, and net income per common share and diluted net income per common share increased by ¥1.21 and ¥1.20 respectively for the fiscal year ended March 31, 2015.

Mitsubishi UFJ Financial Group, Inc.

6. Non-consolidated Financial Statements

(1)	Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2014		As of March 31, 2015
Assets:
Current assets:
Cash and due from banks		19,037		71,674
Securities		111,300		—
Prepaid expenses		22		45
Deferred tax assets		15,621		203
Others		56,099		150,184

Total current assets		202,081		222,109

Fixed assets:
Tangible fixed assets:
Buildings		12		22
Equipment and furniture		266		380

Total tangible fixed assets		279		402

Intangible fixed assets:
Trademarks		83		72
Software		4,758		8,302
Lease assets		79		59
Others		1		1

Total intangible fixed assets		4,923		8,436

Investments and other assets:
Investments in subsidiaries and affiliates		10,706,842		10,186,842
Long-term loans receivable from subsidiaries and affiliates		—		190,000
Allowance for credit losses		—		(114	)
Deferred tax assets		17,841		38,412
Others		307		172

Total investments and other assets		10,724,991		10,415,313

Total fixed assets		10,730,194		10,424,152

Total assets		10,932,276		10,646,262

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2014			As of March 31, 2015
Liabilities:
Current liabilities:
Short-term borrowings		1,917,647			1,824,447
Lease liabilities		21			21
Accounts payable		3,113			16,346
Accrued expenses		3,064			2,324
Income taxes payable		104			67
Deposits received		145			143
Reserve for bonuses		388			422
Reserve for bonuses to directors		52			51
Others		0			1

Total current liabilities		1,924,538			1,843,826

Fixed liabilities:
Bonds payable		380,500			440,500
Long-term borrowings from subsidiaries and affiliates		3,945			3,938
Lease liabilities		56			34
Others		20			11

Total fixed liabilities		384,522			444,484

Total liabilities		2,309,060			2,288,311

Net assets:
Shareholders’ equity:
Capital stock		2,140,488			2,141,513
Capital surplus:
Capital reserve		2,140,501			2,141,524
Other capital surplus		1,860,006			1,470,006

Total capital surplus		4,000,507			3,611,530

Retained earnings:
Other retained earnings:
Other reserve		150,000			150,000
Earned surplus brought forward		2,392,816			2,682,257

Total retained earnings		2,542,816			2,832,257

Treasury stock		(105	)		(100,147	)

Total shareholders’ equity		8,683,707			8,485,153

Valuation and translation adjustments:
Net deferred gains (losses) on hedging instruments		(69,224	)		(135,474	)

Total valuation and translation adjustments		(69,224	)		(135,474	)

Subscription rights to shares		8,732			8,271

Total net assets		8,623,215			8,357,950

Total liabilities and net assets		10,932,276			10,646,262

Mitsubishi UFJ Financial Group, Inc.

(2)	Non-consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2014			For the fiscal year ended March 31, 2015
Operating income:
Dividends		239,764			563,746
Management fees from subsidiaries and affiliates		18,922			22,059

Total operating income		258,686			585,805

Operating expenses:
General and administrative expenses		18,887			21,411

Total operating expenses		18,887			21,411

Operating profits		239,799			564,394

Non-operating income:
Interest on deposits		0			413
Interest on securities		72			35
Dividends		15,524			15,524
Others		294			1,042

Total non-operating income		15,891			17,016

Non-operating expenses:
Interest on borrowings		13,313			13,117
Interest on bonds payable		15,583			15,063
Provision for allowance for credit losses		—			114
Others		240			1,424

Total non-operating expenses		29,137			29,719

Ordinary profits		226,553			551,691

Extraordinary losses:
Losses on retirement of fixed assets		0			53

Total extraordinary losses		0			53

Income before income taxes		226,553			551,637

Income taxes-current		697			(16,534	)
Income taxes-deferred		(15,876	)		14,771

Total taxes		(15,179	)		(1,762	)

Net income		241,732			553,400

Mitsubishi UFJ Financial Group, Inc.

(3) Non-consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2014


	(in millions of yen)
	Shareholders’ equity
	Capital stock			Capital surplus						Retained earnings
				Capital reserve			Other capital surplus			Other retained earnings
				Capital reserve			Other capital surplus			Other reserve			Earned surplus brought forward
Balance at the beginning of the period		2,139,378			2,139,392			1,860,006			150,000			2,367,278
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		1,109			1,108
Dividends from retained earnings														(216,194	)
Net income														241,732
Repurchase of treasury stock
Disposal of treasury stock								0
Net changes of items other than shareholders’ equity

Total changes during the period		1,109			1,108			0			—			25,537

Balance at the end of the period		2,140,488			2,140,501			1,860,006			150,000			2,392,816


	(in millions of yen)
	Shareholders’ equity						Valuation and translation adjustments			Subscription rights to shares			Total net assets
	Treasury stock			Total shareholders’ equity			Net deferred gains (losses) on hedging instruments			Subscription rights to shares			Total net assets
Balance at the beginning of the period		(61	)		8,655,995			(50,026	)		8,884			8,614,853
Changes during the period
Issuance of new shares-exercise of subscription rights to shares					2,217									2,217
Dividends from retained earnings					(216,194	)								(216,194	)
Net income					241,732									241,732
Repurchase of treasury stock		(45	)		(45	)								(45	)
Disposal of treasury stock		1			1									1
Net changes of items other than shareholders’ equity								(19,198	)		(151	)		(19,350	)

Total changes during the period		(44	)		27,711			(19,198	)		(151	)		8,361

Balance at the end of the period		(105	)		8,683,707			(69,224	)		8,732			8,623,215

Mitsubishi UFJ Financial Group, Inc.

For the fiscal year ended March 31, 2015


	(in millions of yen)
	Shareholders’ equity
	Capital stock			Capital surplus						Retained earnings
				Capital reserve			Other capital surplus			Other retained earnings
				Capital reserve			Other capital surplus			Other reserve			Earned surplus brought forward
Balance at the beginning of the period		2,140,488			2,140,501			1,860,006			150,000			2,392,816
Changes during the period
Issuance of new shares-exercise of subscription rights to shares		1,024			1,023
Dividends from retained earnings														(263,959	)
Net income														553,400
Repurchase of treasury stock
Disposal of treasury stock								0
Retirement of treasury stock								(390,000	)
Net changes of items other than shareholders’ equity

Total changes during the period		1,024			1,023			(390,000	)		—			289,440

Balance at the end of the period		2,141,513			2,141,524			1,470,006			150,000			2,682,257


	(in millions of yen)
	Shareholders’ equity						Valuation and translation adjustments			Subscription rights to shares			Total net assets
	Treasury stock			Total shareholders’ equity			Net deferred gains (losses) on hedging instruments			Subscription rights to shares			Total net assets
Balance at the beginning of the period		(105	)		8,683,707			(69,224	)		8,732			8,623,215
Changes during the period
Issuance of new shares-exercise of subscription rights to shares					2,048									2,048
Dividends from retained earnings					(263,959	)								(263,959	)
Net income					553,400									553,400
Repurchase of treasury stock		(490,045	)		(490,045	)								(490,045	)
Disposal of treasury stock		2			2									2
Retirement of treasury stock		390,000			—									—
Net changes of items other than shareholders’ equity								(66,249	)		(461	)		(66,711	)

Total changes during the period		(100,042	)		(198,553	)		(66,249	)		(461	)		(265,264	)

Balance at the end of the period		(100,147	)		8,485,153			(135,474	)		8,271			8,357,950

Mitsubishi UFJ Financial Group, Inc.

Notes on Going-Concern Assumption

Not applicable

7. Other

(1)

Changes of Directors and Corporate Auditors

Please refer to “Changes of Directors” posted on May 15, 2015 with regard to the changes of directors.

Selected Financial Information

under Japanese GAAP

For the fiscal year Ended March 31, 2015


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


1. Financial Results	[ MUFG Consolidated ]1[ BTMU and MUTB Combined ]234 [ BTMU Consolidated ][ BTMU Non-consolidated ] [ MUTB Consolidated ][ MUTB Non-consolidated ]	1

2. Average Interest Rate Spread	[ BTMU Non-consolidated ][ MUTB Non-consolidated ] [ BTMU and MUTB Combined ]	7

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

4. Securities	[ MUFG Consolidated ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	9

5. ROE	[ MUFG Consolidated ]	12

6. Risk-Adjusted Capital Ratio	[ MUFG Consolidated ][ BTMU Consolidated ] [ MUTB Consolidated ]	13
	[ BTMU Non-consolidated ][ MUTB Non-consolidated ]

7. Risk-Monitored Loans	[ MUFG Consolidated ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ] [ MUTB Non-consolidated : Trust Account ]	14

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

9. Progress in Disposition of Problem Assets	[ BTMU Non-consolidated ] [ MUTB 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	[ BTMU and MUTB Combined including Trust Accounts ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ] [ MUTB Non-consolidated : Trust Accounts ]	25

11. Overseas Loans	[ BTMU and MUTB Combined ]	29

12. Loans and Deposits	[ BTMU and MUTB Combined ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	30

13. Domestic Deposits	[ BTMU and MUTB Combined ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	31

14. Status of Deferred Tax Assets	[ BTMU Non-consolidated ][ MUTB Non-consolidated ]	32

15. Retirement Benefits	[ MUFG Consolidated ] [ BTMU Non-consolidated ][ MUTB Non-consolidated ]	34

(References)

1. Exposure to “Securitized Products and Related Investments”		37

2. Financial Statements	[ BTMU Non-consolidated ][ MUTB Non-consolidated ]	39

(*1)	“MUFG” means Mitsubishi UFJ Financial Group, Inc.

(*2)	“BTMU” means The Bank of Tokyo-Mitsubishi UFJ, Ltd.

(*3)	“MUTB” means Mitsubishi UFJ Trust and Banking Corporation.

(*4)	“BTMU and MUTB Combined” means simple sum of “BTMU” and “MUTB” without consolidation processes.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2015 (A)			March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Gross profits		4,229,501			3,753,023			476,477
Gross profits before credit costs for trust accounts		4,229,030			3,753,494			475,535
Net interest income		2,181,637			1,878,632			303,004
Trust fees		111,916			107,935			3,980
Credit costs for trust accounts (1)		471			(471	)		942
Net fees and commissions		1,308,604			1,160,336			148,267
Net trading profits		352,950			362,056			(9,105	)
Net other business profits		274,393			244,062			30,331
Net gains (losses) on debt securities		115,162			142,889			(27,727	)
General and administrative expenses		2,584,104			2,289,375			294,729
Amortization of goodwill		17,787			36,830			(19,042	)
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		1,662,713			1,500,949			161,763
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		1,644,925			1,464,119			180,806
Provision for general allowance for credit losses (2)		(86,849	)		—			(86,849	)
Net business profits*		1,558,547			1,463,648			94,899
Net non-recurring gains (losses)		154,454			231,171			(76,717	)
Credit costs (3)		(141,486	)		(133,399	)		(8,087	)
Losses on loan write-offs		(144,845	)		(125,989	)		(18,855	)
Provision for specific allowance for credit losses		17,700			—			17,700
Other credit costs		(14,342	)		(7,409	)		(6,932	)
Reversal of allowance for credit losses (4)		—			86,543			(86,543	)
Reversal of reserve for contingent losses included in credit costs (5)		1,504			—			1,504
Gains on loans written-off (6)		64,735			59,208			5,527
Net gains (losses) on equity securities		93,109			144,573			(51,463	)
Gains on sales of equity securities		114,477			171,653			(57,175	)
Losses on sales of equity securities		(16,532	)		(14,100	)		(2,431	)
Losses on write-down of equity securities		(4,836	)		(12,979	)		8,143
Profits (losses) from investments in affiliates		159,637			112,470			47,167
Other non-recurring gains (losses)		(23,045	)		(38,224	)		15,178

Ordinary profits		1,713,001			1,694,820			18,181

Net extraordinary gains (losses)		(98,244	)		(151,789	)		53,545
Losses on impairment of fixed assets		(11,487	)		(126,924	)		115,437
Losses on change in equity		(23,648	)		(790	)		(22,857	)
Settlement package		(37,097	)		(24,537	)		(12,560	)
Income before income taxes and others		1,614,757			1,543,030			71,727
Income taxes-current		421,941			349,531			72,410
Income taxes-deferred		45,845			90,456			(44,611	)
Total taxes		467,786			439,988			27,798
Income before minority interests		1,146,970			1,103,042			43,928
Minority interests		113,211			118,196			(4,984	)

Net income		1,033,759			984,845			48,913


Note:
* Net business profits = Banking subsidiaries’ net business 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)		(161,624	)		11,881			(173,506	)

Number of consolidated subsidiaries		226			253			(27	)
Number of affiliated companies accounted for under the equity method		62			62			—

Mitsubishi UFJ Financial Group, Inc.

BTMU and MUTB Combined


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2015 (A)			March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,482,560			2,293,927			188,633
Gross profits before credit costs for trust accounts		2,482,089			2,294,398			187,691
Domestic gross profits		1,373,910			1,384,482			(10,572	)
Net interest income		794,076			810,701			(16,624	)
Trust fees		86,728			79,991			6,736
Credit costs for trust accounts (1)		471			(470	)		942
Net fees and commissions		411,579			378,397			33,181
Net trading profits		21,864			20,866			998
Net other business profits		59,660			94,525			(34,864	)
Net gains (losses) on debt securities		47,521			72,172			(24,651	)
Non-domestic gross profits		1,108,650			909,444			199,205
Net interest income		614,482			504,786			109,696
Net fees and commissions		200,104			187,224			12,880
Net trading profits		131,130			99,029			32,101
Net other business profits		162,931			118,403			44,528
Net gains (losses) on debt securities		62,193			58,330			3,862
General and administrative expenses		1,360,202			1,275,471			84,731
Personnel expenses		525,372			506,928			18,444
Non-personnel expenses		757,409			707,190			50,218
Taxes		77,421			61,352			16,068
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		1,121,886			1,018,927			102,959
Provision for general allowance for credit losses (2)		(96,146	)		—			(96,146	)
Net business profits		1,026,211			1,018,456			7,754
Net non-recurring gains (losses)		86,500			178,730			(92,230	)
Credit costs (3)		1,410			(62,685	)		64,096
Losses on loan write-offs		(40,366	)		(57,120	)		16,754
Provision for specific allowance for credit losses		56,970			—			56,970
Other credit costs		(15,193	)		(5,564	)		(9,628	)
Reversal of allowance for credit losses (4)		—			65,604			(65,604	)
Reversal of reserve for contingent losses included in credit costs (5)		4,259			1,475			2,784
Gains on loans written-off (6)		18,854			31,246			(12,391	)
Net gains (losses) on equity securities		63,059			97,007			(33,948	)
Gains on sales of equity securities		83,418			159,341			(75,923	)
Losses on sales of equity securities		(14,482	)		(12,237	)		(2,245	)
Losses on write-down of equity securities		(5,875	)		(50,096	)		44,220
Other non-recurring gains (losses)		(1,083	)		46,082			(47,166	)

Ordinary profits		1,112,711			1,197,187			(84,475	)

Net extraordinary gains (losses)		(51,038	)		(27,948	)		(23,089	)
Net gains (losses) on disposition of fixed assets		(5,014	)		(1,712	)		(3,301	)
Losses on impairment of fixed assets		(8,926	)		(13,461	)		4,534
Settlement package		(37,097	)		(24,537	)		(12,560	)
Gains on sales of equity securities of affiliates		—			10,367			(10,367	)
Income before income taxes		1,061,672			1,169,238			(107,565	)
Income taxes-current		332,121			281,562			50,558
Income taxes-deferred		17,015			101,091			(84,076	)
Total taxes		349,137			382,654			(33,517	)

Net income		712,535			786,583			(74,048	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(71,151	)		35,169			(106,320	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2015 (A)			March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Gross profits		3,009,471			2,551,697			457,773
Net interest income		1,872,860			1,564,852			308,007
Trust fees		12,562			14,243			(1,680	)
Net fees and commissions		732,803			598,768			134,035
Net trading profits		149,311			124,390			24,921
Net other business profits		241,932			249,443			(7,510	)
Net gains (losses) on debt securities		119,275			145,723			(26,448	)
General and administrative expenses		1,780,970			1,504,171			276,799
Amortization of goodwill		16,920			18,374			(1,454	)
Net business profits before provision for general allowance for credit losses and amortization of goodwill		1,245,420			1,065,901			179,519
Net business profits before provision for general allowance for credit losses		1,228,500			1,047,526			180,974
Provision for general allowance for credit losses (1)		(83,180	)		—			(83,180	)
Net business profits*		1,145,319			1,047,526			97,793
Net non-recurring gains (losses)		75,880			170,008			(94,127	)
Credit costs (2)		(78,253	)		(80,085	)		1,832
Losses on loan write-offs		(90,946	)		(72,268	)		(18,678	)
Provision for specific allowance for credit losses		26,712			—			26,712
Other credit costs		(14,019	)		(7,817	)		(6,201	)
Reversal of allowance for credit losses (3)		—			74,570			(74,570	)
Reversal of reserve for contingent losses included in credit costs (4)		1,039			—			1,039
Gains on loans written-off (5)		43,900			40,817			3,083
Net gains (losses) on equity securities		62,070			111,636			(49,566	)
Gains on sales of equity securities		77,253			133,904			(56,650	)
Losses on sales of equity securities		(11,461	)		(8,795	)		(2,665	)
Losses on write-down of equity securities		(3,722	)		(13,471	)		9,749
Profits (losses) from investments in affiliates		24,691			14,169			10,522
Other non-recurring gains (losses)		22,431			8,899			13,531

Ordinary profits		1,221,200			1,217,534			3,665

Net extraordinary gains (losses)		(68,299	)		(20,765	)		(47,534	)
Losses on impairment of fixed assets		(4,249	)		(3,758	)		(490	)
Settlement package		(37,097	)		(24,537	)		(12,560	)
Income before income taxes and others		1,152,900			1,196,769			(43,869	)
Income taxes-current		357,304			284,396			72,908
Refund of income taxes		(29,758	)		(2,574	)		(27,184	)
Income taxes-deferred		19,690			98,280			(78,589	)
Total taxes		347,236			380,101			(32,865	)
Income before minority interests		805,663			816,667			(11,003	)
Minority interests		74,041			62,344			11,697

Net income		731,622			754,323			(22,700	)


Note:
* Net business profits = Net business profits of BTMU + 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)		(116,493	)		35,302			(151,795	)

Number of consolidated subsidiaries		130			160			(30	)
Number of affiliated companies accounted for under the equity method		58			59			(1	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2015 (A)			March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Gross profits		2,107,430			1,951,599			155,831
Domestic gross profits		1,097,286			1,130,258			(32,972	)
Net interest income		711,957			724,560			(12,603	)
Net fees and commissions		315,053			285,781			29,271
Net trading profits		(5,700	)		7,829			(13,529	)
Net other business profits		75,974			112,086			(36,111	)
Net gains (losses) on debt securities		58,753			89,222			(30,469	)
Non-domestic gross profits		1,010,144			821,340			188,803
Net interest income		524,537			431,573			92,964
Net fees and commissions		198,351			186,861			11,489
Net trading profits		133,322			100,583			32,739
Net other business profits		153,932			102,322			51,609
Net gains (losses) on debt securities		58,153			43,311			14,842
General and administrative expenses		1,175,990			1,095,664			80,326
Personnel expenses		455,664			438,180			17,484
Non-personnel expenses		651,529			602,702			48,826
Amortization of goodwill		298			263			34
Taxes		68,796			54,781			14,014
Net business profits before provision for general allowance for credit losses and amortization of goodwill		931,738			856,198			75,539
Net business profits before provision for general allowance for credit losses		931,439			855,934			75,504
Provision for general allowance for credit losses (1)		(92,159	)		—			(92,159	)
Net business profits		839,280			855,934			(16,654	)
Net non-recurring gains (losses)		63,352			146,174			(82,821	)
Credit costs (2)		(136	)		(61,617	)		61,480
Losses on loan write-offs		(40,251	)		(55,958	)		15,707
Provision for specific allowance for credit losses		54,984			—			54,984
Other credit costs		(14,870	)		(5,658	)		(9,211	)
Reversal of allowance for credit losses (3)		—			47,987			(47,987	)
Reversal of reserve for contingent losses included in credit costs (4)		3,736			197			3,539
Gains on loans written-off (5)		17,847			30,505			(12,658	)
Net gains (losses) on equity securities		49,000			78,988			(29,988	)
Gains on sales of equity securities		64,752			132,725			(67,973	)
Losses on sales of equity securities		(10,316	)		(8,444	)		(1,871	)
Losses on write-down of equity securities		(5,436	)		(45,292	)		39,856
Other non-recurring gains (losses)		(7,094	)		50,113			(57,208	)

Ordinary profits		902,632			1,002,109			(99,476	)

Net extraordinary gains (losses)		(42,369	)		(17,319	)		(25,049	)
Net gains (losses) on disposition of fixed assets		(1,800	)		(1,269	)		(531	)
Losses on impairment of fixed assets		(3,470	)		(2,902	)		(567	)
Settlement package		(37,097	)		(24,537	)		(12,560	)
Gains on sales of equity securities of affiliates		—			10,367			(10,367	)
Income before income taxes		860,263			984,789			(124,526	)
Income taxes-current		299,349			250,648			48,700
Refund of income taxes		(29,639	)		(2,563	)		(27,075	)
Income taxes-deferred		18,775			86,446			(67,671	)
Total taxes		288,485			334,531			(46,046	)

Net income		571,778			650,257			(78,479	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		(70,712	)		17,072			(87,785	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2015 (A)			March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Gross profits		460,643			425,831			34,811
Gross profits before credit costs for trust accounts		460,171			426,302			33,869
Trust fees		99,625			94,001			5,624
Trust fees before credit costs for trust accounts		99,154			94,472			4,681
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		7,584			5,921			1,663
Other trust fees		91,570			88,551			3,018
Credit costs for trust accounts (1)		471			(471	)		942
Net interest income		162,690			151,001			11,688
Net fees and commissions		174,179			158,984			15,194
Net trading profits		30,034			15,821			14,212
Net other business profits		(5,887	)		6,021			(11,908	)
Net gains (losses) on debt securities		(7,192	)		(2,030	)		(5,161	)
General and administrative expenses		253,529			240,590			12,938
Amortization of goodwill		1,049			597			451
Net business profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		207,691			186,309			21,382
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		206,642			185,711			20,930
Provision for general allowance for credit losses (2)		(4,024	)		—			(4,024	)
Net business profits*		203,088			185,240			17,848
Net non-recurring gains (losses)		34,482			38,512			(4,029	)
Credit costs (3)		1,491			(1,116	)		2,607
Losses on loan write-offs		(158	)		(1,210	)		1,052
Provision for specific allowance for credit losses		1,972			—			1,972
Other credit costs		(323	)		93			(416	)
Reversal of allowance for credit losses (4)		—			17,603			(17,603	)
Reversal of reserve for contingent losses included in credit costs (5)		522			1,278			(755	)
Gains on loans written-off (6)		1,049			813			235
Net gains (losses) on equity securities		15,627			22,285			(6,657	)
Gains on sales of equity securities		20,279			26,569			(6,289	)
Losses on sales of equity securities		(4,166	)		(3,807	)		(359	)
Losses on write-down of equity securities		(486	)		(477	)		(9	)
Profits (losses) from investments in affiliates		11,583			4,242			7,341
Other non-recurring gains (losses)		4,207			(6,595	)		10,802

Ordinary profits		237,570			223,752			13,818

Net extraordinary gains (losses)		853			(10,664	)		11,518
Net gains (losses) on disposition of fixed assets		(3,324	)		(453	)		(2,870	)
Losses on impairment of fixed assets		(5,466	)		(10,583	)		5,117
Gains on change in equity		9,643			—			9,643
Income before income taxes and others		238,424			213,087			25,336
Income taxes-current		73,636			42,657			30,979
Income taxes-deferred		(3,796	)		16,312			(20,108	)
Total taxes		69,840			58,970			10,870
Income before minority interests		168,583			154,117			14,466
Minority interests		8,810			8,244			565

Net income		159,773			145,872			13,900


Note:
* Net business profits = Net business profits of MUTB + 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)		(489	)		18,108			(18,597	)

Number of consolidated subsidiaries		54			48			6
Number of affiliated companies accounted for under the equity method		12			12			—

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated


	(in millions of yen)
	For the fiscal year ended						Increase (Decrease) (A) - (B)
	March 31, 2015 (A)			March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Gross profits		375,130			342,328			32,802
Gross profits before credit costs for trust accounts		374,659			342,799			31,860
Domestic gross profits		276,624			254,224			22,400
Trust fees		86,728			79,991			6,736
Trust fees before credit costs for trust accounts		86,257			80,462			5,794
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		7,584			5,921			1,663
Other trust fees		78,673			74,541			4,131
Credit costs for trust accounts (1)		471			(470	)		942
Net interest income		82,119			86,140			(4,021	)
Net fees and commissions		96,525			92,615			3,909
Net trading profits		27,564			13,036			14,527
Net other business profits		(16,314	)		(17,561	)		1,247
Net gains (losses) on debt securities		(11,232	)		(17,050	)		5,818
Non-domestic gross profits		98,506			88,103			10,402
Net interest income		89,944			73,213			16,731
Net fees and commissions		1,753			362			1,390
Net trading profits		(2,191	)		(1,553	)		(637	)
Net other business profits		8,999			16,080			(7,081	)
Net gains (losses) on debt securities		4,039			15,019			(10,979	)
General and administrative expenses		184,212			179,807			4,405
Personnel expenses		69,708			68,747			960
Non-personnel expenses		105,879			104,488			1,391
Taxes		8,624			6,571			2,053
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		190,446			162,992			27,454
Provision for general allowance for credit losses (2)		(3,987	)		—			(3,987	)
Net business profits		186,930			162,521			24,409
Net non-recurring gains (losses)		23,147			32,556			(9,408	)
Credit costs (3)		1,547			(1,068	)		2,615
Losses on loan write-offs		(115	)		(1,162	)		1,046
Provision for specific allowance for credit losses		1,985			—			1,985
Other credit costs		(323	)		93			(416	)
Reversal of allowance for credit losses (4)		—			17,617			(17,617	)
Reversal of reserve for contingent losses included in credit costs (5)		522			1,278			(755	)
Gains on loans written-off (6)		1,007			741			266
Net gains (losses) on equity securities		14,059			18,019			(3,959	)
Gains on sales of equity securities		18,665			26,616			(7,950	)
Losses on sales of equity securities		(4,166	)		(3,793	)		(373	)
Losses on write-down of equity securities		(439	)		(4,803	)		4,364
Other non-recurring gains (losses)		6,010			(4,030	)		10,041

Ordinary profits		210,078			195,077			15,000

Net extraordinary gains (losses)		(8,669	)		(10,629	)		1,959
Net gains (losses) on disposition of fixed assets		(3,213	)		(443	)		(2,770	)
Losses on impairment of fixed assets		(5,455	)		(10,558	)		5,102
Income before income taxes		201,408			184,448			16,960
Income taxes-current		62,411			33,477			28,934
Income taxes-deferred		(1,760	)		14,644			(16,404	)
Total taxes		60,651			48,122			12,529

Net income		140,757			136,326			4,431


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		(438	)		18,097			(18,535	)

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BTMU Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2015 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2014 (B)
Total average interest rate on interest-earning assets (a)		0.65			(0.05	)		0.70
Average interest rate on loans and bills discounted (b)		1.02			(0.08	)		1.11
Average interest rate on securities		0.57			0.09			0.47
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.72			(0.02	)		0.74
Average interest rate on deposits and NCD (d)		0.03			(0.00	)		0.04
Average interest rate on other liabilities		0.17			(0.02	)		0.19
Overall interest rate spread (a)-(c)		(0.06	)		(0.02	)		(0.03	)
Interest rate spread (b)-(d)		0.99			(0.08	)		1.07

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		1.20			(0.09	)		1.30
Interest rate spread (e)-(d)		1.16			(0.09	)		1.26

MUTB Non-consolidated
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2015 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2014 (B)
Total average interest rate on interest-earning assets (a)		0.54			(0.08	)		0.62
Average interest rate on loans and bills discounted (b)		0.75			(0.09	)		0.84
Average interest rate on securities		0.56			(0.01	)		0.58
Total average interest rate on interest-bearing liabilities (c)		0.16			(0.02	)		0.19
Average interest rate on deposits and NCD (d)		0.13			(0.02	)		0.15
Overall interest rate spread (a)-(c)		0.37			(0.06	)		0.43
Interest rate spread (b)-(d)		0.61			(0.07	)		0.68

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.75			(0.09	)		0.84
Interest rate spread (e)-(d)		0.61			(0.07	)		0.68

BTMU and MUTB Combined
	(percentage per annum)
(Domestic business segment)	For the fiscal year ended March 31, 2015 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2014 (B)
Average interest rate on loans and bills discounted (a)		0.98			(0.08	)		1.07
Average interest rate on deposits and NCD (b)		0.04			(0.00	)		0.05
Interest rate spread (a)-(b)		0.94			(0.08	)		1.02

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (c)		1.12			(0.09	)		1.22
Interest rate spread (c)-(b)		1.07			(0.09	)		1.16

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 March 31, 2015

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

498.6

6,117.7

14,040.2

20,656.6

Receive-floater/pay-fix

780.3

5,386.2

8,265.4

14,431.9

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

1,278.9

11,503.9

22,305.6

35,088.5

BTMU Consolidated

(in billions of yen)

As of March 31, 2015

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

372.6

4,234.1

13,990.2

18,597.0

Receive-floater/pay-fix

435.3

3,657.5

6,735.7

10,828.6

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

808.0

7,891.7

20,725.9

29,425.6

MUTB Consolidated

(in billions of yen)

As of March 31, 2015

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

126.0

1,883.6

50.0

2,059.6

Receive-floater/pay-fix

350.2

1,693.0

1,537.8

3,581.1

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

476.2

3,576.6

1,587.8

5,640.7

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 March 31, 2015								As of March 31, 2014
	Amount on consolidated balance sheet		Differences		Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Debt securities being held to maturity		4,133,677		53,728		59,081		5,352		2,778,658		27,082			39,133		12,050
Domestic bonds		1,126,212		14,556		16,091		1,535		214,969		868			868		—
Government bonds		1,126,212		14,556		16,091		1,535		214,969		868			868		—
Municipal bonds		—		—		—		—		—		—			—		—
Corporate bonds		—		—		—		—		—		—			—		—
Other		3,007,465		39,172		42,990		3,817		2,563,688		26,214			38,265		12,050
Foreign bonds		1,006,421		15,813		17,244		1,431		831,646		(7,312	)		2,358		9,671
Other		2,001,043		23,359		25,745		2,386		1,732,042		33,527			35,907		2,379

	(in millions of yen)
	As of March 31, 2015								As of March 31, 2014
	Amount on consolidated balance sheet		Differences		Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Other securities		69,336,270		4,133,200		4,244,272		111,071		71,722,006		1,869,917			2,180,880		310,962
Domestic equity securities		5,721,393		2,930,019		2,969,586		39,566		4,384,190		1,559,699			1,650,295		90,596
Domestic bonds		36,520,219		326,376		331,539		5,163		43,123,653		222,860			227,123		4,262
Government bonds		34,084,434		273,479		274,856		1,377		40,434,950		167,753			169,356		1,603
Municipal bonds		188,316		5,374		5,441		67		197,927		6,679			6,703		23
Corporate bonds		2,247,468		47,522		51,241		3,718		2,490,776		48,427			51,063		2,636
Other		27,094,657		876,804		943,146		66,341		24,214,162		87,357			303,461		216,103
Foreign equity securities		191,401		58,466		59,040		574		217,513		81,675			81,712		36
Foreign bonds		22,564,990		597,340		623,146		25,805		20,599,891		(53,023	)		130,997		184,021
Other		4,338,265		220,996		260,958		39,961		3,396,757		58,705			90,750		32,044

Redemption schedule of other securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2015								As of March 31, 2014
	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		13,171,744		14,958,317		6,169,701		3,346,807		15,403,755		20,596,975			5,741,699		1,596,384
Government bonds		12,937,240		14,021,104		5,720,272		2,532,029		15,104,245		19,476,366			5,269,520		799,787
Municipal bonds		8,288		109,919		69,720		388		19,619		125,263			52,631		412
Corporate bonds		226,215		827,293		379,707		814,390		279,890		995,345			419,547		796,184
Other		3,205,730		8,992,502		8,998,103		6,001,088		2,850,379		11,868,248			5,319,278		4,446,307
Foreign bonds		2,897,339		8,048,236		7,581,013		5,023,170		2,531,411		11,237,229			3,870,225		3,770,269
Other		308,390		944,265		1,417,090		977,917		318,967		631,019			1,449,052		676,037
Total		16,377,474		23,950,819		15,167,804		9,347,895		18,254,134		32,465,223			11,060,978		6,042,692

Mitsubishi UFJ Financial Group, Inc.

BTMU 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 March 31, 2015

As of March 31, 2014

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

3,102,252

37,860

41,782

3,921

1,750,757

33,527

35,907

2,379

Stocks of subsidiaries and affiliates

865,646

206,054

214,537

8,482

676,760

(6,226

)

30,867

37,094

(in millions of yen)

As of March 31, 2015

As of March 31, 2014

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Other securities

48,785,016

3,073,221

3,144,265

71,043

54,117,050

1,367,125

1,585,230

218,104

Domestic equity securities

4,673,946

2,291,397

2,329,749

38,351

3,548,461

1,144,077

1,233,376

89,298

Domestic bonds

29,967,153

275,064

277,934

2,870

36,175,473

171,251

175,419

4,168

Other

14,143,916

506,759

536,580

29,821

14,393,114

51,796

176,434

124,638

Foreign equity securities

178,531

53,595

53,975

380

197,436

77,286

78,166

880

Foreign bonds

10,872,292

352,571

357,787

5,215

11,594,024

(50,095

)

50,043

100,139

Other

3,093,093

100,591

124,817

24,225

2,601,654

24,605

48,223

23,617

Redemption schedule of other securities with maturities and debt securities being held to maturity

(in millions of yen)

As of March 31, 2015

As of March 31, 2014

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

12,326,240

10,215,947

5,198,489

3,327,684

13,963,192

16,072,562

4,559,235

1,580,483

Government bonds

12,140,028

9,488,185

4,809,644

2,515,940

13,707,896

15,188,464

4,158,774

799,787

Municipal bonds

8,288

109,795

69,720

348

19,619

125,104

52,631

370

Corporate bonds

177,923

617,966

319,124

811,396

235,676

758,993

347,829

780,325

Other

1,882,058

3,802,126

5,557,515

2,548,304

2,062,205

7,088,092

3,330,584

1,676,487

Foreign bonds

1,582,064

3,197,740

4,265,657

1,805,117

1,743,698

6,670,035

1,986,860

1,189,493

Other

299,994

604,385

1,291,857

743,186

318,506

418,057

1,343,724

486,993

Total

14,208,298

14,018,074

10,756,005

5,875,988

16,025,397

23,160,654

7,889,820

3,256,970

Mitsubishi UFJ Financial Group, Inc.

MUTB 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 March 31, 2015								As of March 31, 2014
	Amount on balance sheet		Differences		Gains		Losses		Amount on balance sheet		Differences		Gains		Losses
Debt securities being held to maturity		24,978		54		54		—		220,090		876		876		—
Stocks of subsidiaries and affiliates		57,771		133,960		134,064		104		57,771		100,140		100,395		255

	(in millions of yen)
	As of March 31, 2015								As of March 31, 2014
	Amount on balance sheet		Differences		Gains		Losses		Amount on balance sheet		Differences		Gains		Losses
Other securities		16,903,411		966,807		988,212		21,404		14,521,222		452,388		497,868		45,480
Domestic equity securities		1,081,815		556,050		563,430		7,380		856,844		322,464		343,759		21,295
Domestic bonds		6,479,441		50,320		52,709		2,389		6,717,762		42,635		42,851		215
Other		9,342,154		360,436		372,071		11,634		6,946,615		87,288		111,257		23,969
Foreign equity securities		36		24		24		—		380		129		129		—
Foreign bonds		8,455,745		243,361		244,759		1,397		6,469,332		52,605		74,001		21,395
Other		886,372		117,050		127,287		10,236		476,901		34,553		37,127		2,573
Redemption schedule of other securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of March 31, 2015								As of March 31, 2014
	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		690,184		4,813,751		981,359		19,123		1,258,404		4,370,126		1,288,276		15,901
Government bonds		646,795		4,617,073		910,789		16,089		1,222,738		4,153,846		1,216,558		—
Municipal bonds		—		123		—		40		—		159		—		42
Corporate bonds		43,389		196,555		70,570		2,994		35,665		216,120		71,717		15,858
Other		633,296		4,060,046		2,863,534		1,276,777		377,295		4,068,415		1,401,156		851,471
Foreign bonds		632,681		3,739,713		2,822,844		1,260,506		376,462		3,898,013		1,361,704		838,298
Other		615		320,333		40,689		16,271		832		170,402		39,451		13,173
Total		1,323,481		8,873,798		3,844,893		1,295,900		1,635,699		8,438,541		2,689,432		867,372

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the fiscal year
ended
March 31, 2015
(A)

Increase
(Decrease)
(A) - (B)

For the fiscal year
ended
March 31, 2014
(B)

ROE

8.74

(0.31

)

9.05

Note:

ROE is computed as follows:

Net income - Equivalent of annual dividends on nonconvertible preferred stocks

×100

{(Total shareholders’ equity at the beginning of the period - Number of nonconvertible preferred stocks at the beginning of the period × Issue price + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period - Number of nonconvertible preferred stocks at the end of the period × Issue price + 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 March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)			As of September 30, 2014
(1) Total capital ratio (4)/(7)		15.68	%		0.14	%		15.53	%		15.39	%
(2) Tier 1 capital ratio (5)/(7)		12.62	%		0.17	%		12.45	%		12.21	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		11.14	%		(0.11	)%		11.25	%		10.97	%
(4) Total capital		17,552.3			2,157.9			15,394.3			16,039.1
(5) Tier 1 capital		14,130.3			1,788.4			12,341.8			12,726.1
(6) Common Equity Tier 1 capital		12,466.6			1,313.5			11,153.0			11,435.8
(7) Risk weighted assets		111,901.5			12,817.2			99,084.3			104,160.1
(8) Required Capital (7)×8%		8,952.1			1,025.3			7,926.7			8,332.8

BTMU Consolidated	(in billions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)			As of September 30, 2014
(1) Total capital ratio (4)/(7)		15.61	%		0.03	%		15.57	%		15.41	%
(2) Tier 1 capital ratio (5)/(7)		12.33	%		0.12	%		12.21	%		11.95	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		10.88	%		(0.16	)%		11.05	%		10.72	%
(4) Total capital		13,730.7			1,474.5			12,256.1			12,696.9
(5) Tier 1 capital		10,848.8			1,237.3			9,611.5			9,843.7
(6) Common Equity Tier 1 capital		9,571.8			875.2			8,696.5			8,836.2
(7) Risk weighted assets		87,932.1			9,254.0			78,678.0			82,367.0
(8) Required Capital (7)×8%		7,034.5			740.3			6,294.2			6,589.3

MUTB Consolidated	(in billions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)			As of September 30, 2014
(1) Total capital ratio (4)/(7)		19.15	%		0.76	%		18.38	%		19.72	%
(2) Tier 1 capital ratio (5)/(7)		15.26	%		0.49	%		14.76	%		15.54	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		14.70	%		0.48	%		14.21	%		14.98	%
(4) Total capital		2,336.7			279.4			2,057.3			2,181.7
(5) Tier 1 capital		1,861.4			209.0			1,652.4			1,719.0
(6) Common Equity Tier 1 capital		1,793.5			202.8			1,590.6			1,657.2
(7) Risk weighted assets		12,197.0			1,008.8			11,188.1			11,061.9
(8) Required Capital (7)×8%		975.7			80.7			895.0			884.9

BTMU Non-consolidated	(in billions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)			As of September 30, 2014
(1) Total capital ratio (4)/(7)		17.23	%		(0.28	)%		17.52	%		17.12	%
(2) Tier 1 capital ratio (5)/(7)		13.54	%		(0.20	)%		13.74	%		13.30	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		11.90	%		0.02	%		11.88	%		11.57	%
(4) Total capital		12,466.9			884.7			11,582.1			11,993.8
(5) Tier 1 capital		9,791.8			704.5			9,087.3			9,321.8
(6) Common Equity Tier 1 capital		8,611.2			756.5			7,854.6			8,105.3
(7) Risk weighted assets		72,316.7			6,225.8			66,090.9			70,039.3
(8) Required Capital (7)×8%		5,785.3			498.0			5,287.2			5,603.1

MUTB Non-consolidated	(in billions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)			As of September 30, 2014
(1) Total capital ratio (4)/(7)		19.16	%		0.64	%		18.51	%		19.61	%
(2) Tier 1 capital ratio (5)/(7)		14.90	%		0.52	%		14.37	%		14.95	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		14.35	%		0.62	%		13.72	%		14.29	%
(4) Total capital		2,318.9			249.9			2,068.9			2,175.5
(5) Tier 1 capital		1,803.5			196.8			1,606.6			1,658.0
(6) Common Equity Tier 1 capital		1,736.4			202.6			1,533.7			1,585.2
(7) Risk weighted assets		12,099.1			925.3			11,173.8			11,089.6
(8) Required Capital (7)×8%		967.9			74.0			893.9			887.1

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 BTMU and MUTB 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 March 31, 2015 (A)		% to total loans and bills discounted			As of March 31, 2014 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		23,586		0.02	%		27,479		0.02	%		(3,892	)		(0.00	)%
Non-accrual delinquent loans		811,478		0.74	%		1,046,663		1.02	%		(235,185	)		(0.28	)%
Accruing loans contractually past due 3 months or more		51,034		0.04	%		50,076		0.04	%		958			(0.00	)%
Restructured loans		653,839		0.59	%		581,309		0.57	%		72,530			0.02	%
Total risk monitored loans		1,539,939		1.40	%		1,705,529		1.67	%		(165,589	)		(0.26	)%
Total loans and bills discounted		109,368,340					101,938,907					7,429,432

Written-off		478,168					521,879					(43,711	)

(2) Allowance for Credit Losses

	(in millions of yen)
	As of March 31, 2015 (A)		% to total risk monitored loans			As of March 31, 2014 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		995,784		64.66	%		938,483		55.02	%		57,301			9.63	%
General allowance for credit losses		766,272					629,209					137,062
Specific allowance for credit losses		228,297					307,883					(79,585	)
Allowance for credit to specific foreign borrowers		1,214					1,390					(175	)

(3) Classification of Risk-Monitored Loans



Classified by Geographic Area	(in millions of yen)
	As of March 31, 2015 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,242,070		1,375,201		(133,130	)
Overseas		297,868		330,327		(32,458	)
Asia		108,805		89,008		19,796
Indonesia		4,348		3,102		1,245
Singapore		1,082		27		1,055
Thailand		88,049		66,812		21,236
Hong Kong		—		781		(781	)
China		110		126		(15	)
Other		15,214		18,158		(2,944	)
Americas		100,784		114,988		(14,204	)
Europe, Middle East and Other		88,279		126,330		(38,050	)

Total		1,539,939		1,705,529		(165,589	)


Classified by Industry	(in millions of yen)
	As of March 31, 2015 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,242,070		1,375,201		(133,130	)
Manufacturing		346,306		263,319		82,986
Construction		26,871		37,945		(11,074	)
Wholesale and retail		211,910		246,120		(34,209	)
Finance and insurance		5,681		8,106		(2,424	)
Real estate, goods rental and leasing		121,771		197,128		(75,356	)
Services		82,905		107,142		(24,236	)
Other industries		44,908		65,548		(20,640	)
Consumer		401,716		449,891		(48,175	)
Overseas		297,868		330,327		(32,458	)
Financial institutions		8,496		24,238		(15,742	)
Commercial and industrial		120,954		137,049		(16,094	)
Other		168,418		169,039		(621	)

Total		1,539,939		1,705,529		(165,589	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2015 (A)		% to total loans and bills discounted			As of March 31, 2014 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		14,913		0.01	%		20,637		0.02	%		(5,723	)		(0.00	)%
Non-accrual delinquent loans		606,554		0.73	%		863,900		1.08	%		(257,345	)		(0.35	)%
Accruing loans contractually past due 3 months or more		55,538		0.06	%		57,177		0.07	%		(1,639	)		(0.00	)%
Restructured loans		483,795		0.58	%		401,102		0.50	%		82,693			0.08	%
Total risk monitored loans		1,160,802		1.40	%		1,342,818		1.68	%		(182,015	)		(0.28	)%
Total loans and bills discounted		82,740,384					79,495,010					3,245,373

Written-off		340,284					353,636					(13,352	)

(2) Allowance for Credit Losses
	(in millions of yen)
	As of March 31, 2015 (A)		% to total risk monitored loans			As of March 31, 2014 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		644,579		55.52	%		651,662		48.52	%		(7,082	)		6.99	%
General allowance for credit losses		492,721					401,533					91,187
Specific allowance for credit losses		150,643					248,738					(98,095	)
Allowance for credit to specific foreign borrowers		1,214					1,390					(175	)

(3) Classification of Risk-Monitored Loans



Classified by Geographic Area	(in millions of yen)
	As of March 31, 2015 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,034,888		1,168,147		(133,258	)
Overseas		125,913		174,670		(48,757	)
Asia		16,510		21,592		(5,082	)
Indonesia		1,397		1,312		84
Singapore		—		27		(27	)
Thailand		—		1,401		(1,401	)
Hong Kong		—		781		(781	)
China		—		—		—
Other		15,113		18,069		(2,956	)
Americas		21,123		29,489		(8,365	)
Europe, Middle East and Other		88,279		123,588		(35,309	)

Total		1,160,802		1,342,818		(182,015	)

Classified by Industry


	(in millions of yen)
	As of March 31, 2015 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,034,888		1,168,147		(133,258	)
Manufacturing		326,239		250,801		75,438
Construction		26,136		37,171		(11,035	)
Wholesale and retail		207,464		243,723		(36,259	)
Finance and insurance		5,374		6,451		(1,077	)
Real estate		106,276		178,365		(72,088	)
Goods rental and leasing		4,914		3,744		1,169
Services		82,495		106,210		(23,715	)
Other industries		44,024		64,513		(20,489	)
Consumer		231,963		277,163		(45,199	)
Overseas		125,913		174,670		(48,757	)
Financial institutions		7,298		24,140		(16,842	)
Commercial and industrial		40,586		56,056		(15,470	)
Other		78,029		94,473		(16,444	)

Total		1,160,802		1,342,818		(182,015	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of March 31, 2015 (A)		% to total loans and bills discounted			As of March 31, 2014 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		476		0.00	%		491		0.00	%		(15	)		(0.00	)%
Non-accrual delinquent loans		23,093		0.18	%		27,099		0.22	%		(4,006	)		(0.04	)%
Accruing loans contractually past due 3 months or more		405		0.00	%		866		0.00	%		(461	)		(0.00	)%
Restructured loans		21,460		0.17	%		15,808		0.13	%		5,651			0.03	%
Total risk monitored loans		45,434		0.36	%		44,266		0.37	%		1,168			(0.01	)%
Total loans and bills discounted		12,609,827					11,909,155					700,671

Written-off		11,918					14,136					(2,218	)

(2) Allowance for Credit Losses
	(in millions of yen)
	As of March 31, 2015 (A)		% to total risk monitored loans			As of March 31, 2014 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		38,549		84.84	%		36,821		83.18	%		1,727			1.66	%
General allowance for credit losses		32,000					28,013					3,987
Specific allowance for credit losses		6,548					8,807					(2,259	)
Allowance for credit to specific foreign borrowers		0					0					(0	)

(3) Classification of Risk-Monitored Loans


Classified by Geographic Area	(in millions of yen)
	As of March 31, 2015 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		44,340		41,512		2,828
Overseas		1,094		2,754		(1,660	)
Asia		1,082		—		1,082
Indonesia		—		—		—
Singapore		1,082		—		1,082
Thailand		—		—		—
Hong Kong		—		—		—
China		—		—		—
Other		—		—		—
Americas		12		13		(0	)
Europe, Middle East and Other		—		2,741		(2,741	)

Total		45,434		44,266		1,168


Classified by Industry	(in millions of yen)
	As of March 31, 2015 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		44,340		41,512		2,828
Manufacturing		20,036		12,487		7,548
Construction		714		744		(30	)
Wholesale and retail		4,254		2,172		2,082
Finance and insurance		282		1,628		(1,345	)
Real estate		10,480		14,815		(4,335	)
Goods rental and leasing		—		—		—
Services		385		900		(515	)
Other industries		878		1,029		(151	)
Consumer		7,308		7,733		(425	)
Overseas		1,094		2,754		(1,660	)
Financial institutions		1,082		—		1,082
Commercial and industrial		—		2,741		(2,741	)
Other		12		13		(0	)

Total		45,434		44,266		1,168

Mitsubishi UFJ Financial Group, Inc.

MUTB 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 March 31, 2015 (A)		% to total loans and bills discounted			As of March 31, 2014 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		3		0.01	%		70		0.22	%		(66	)		(0.20	)%
Non-accrual delinquent loans		0		0.00	%		0		0.00	%		(0	)		(0.00	)%
Accruing loans contractually past due 3 months or more		165		0.61	%		163		0.51	%		2			0.09	%
Restructured loans		751		2.78	%		1,371		4.31	%		(620	)		(1.53	)%
Total risk monitored loans		921		3.41	%		1,606		5.05	%		(684	)		(1.64	)%
Total loans and bills discounted		27,008					31,782					(4,774	)

(2) Allowance for Credit Losses


	(in millions of yen)
	As of March 31, 2015 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Allowance for bad debts		81		95		(14	)

(3) Classification of Risk-Monitored Loans

Classified by Industry
	(in millions of yen)
	As of March 31, 2015 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		921		1,606		(684	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		688		814		(126	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		232		791		(558	)

Total		921		1,606		(684	)

Mitsubishi UFJ Financial Group, Inc.

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

BTMU and MUTB 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 March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								89,866			94,054			(4,188	)
Doubtful								571,436			848,304			(276,867	)
Special Attention								561,985			475,767			86,218
Non Performing Loans (1)								1,223,289			1,418,127			(194,837	)

Normal								104,112,357			99,058,578			5,053,779
Total								105,335,646			100,476,705			4,858,941

Non Performing Loans / Total								1.16	%		1.41	%		(0.25	)%

(2) Status of Coverage of Non Performing Loans
							(in millions of yen)
							As of March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								940,856			1,108,904			(168,048	)
Allowance for credit losses								321,940			378,600			(56,660	)
Collateral, guarantees, etc.								618,916			730,304			(111,388	)

Coverage ratio (2) / (1)								76.91	%		78.19	%		(1.28	)%

(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		89,866			1,191			88,674						100.00	%
		[94,054	]		[1,151	]		[92,903	]					[100.00	%]
Doubtful		571,436			153,008			300,448						79.35	%
		[848,304	]		[252,773	]		[402,251	]					[77.21	%]
Special Attention		561,985			167,740			229,792						70.73	%
		[475,767	]		[124,675	]		[235,149	]					[75.63	%]
Total		1,223,289			321,940			618,916						76.91	%
		[1,418,127	]		[378,600	]		[730,304	]					[78.19	%]
Note: The upper figures are as of March 31, 2015. The lower figures with brackets are as of March 31, 2014. (4) Classified by Industry
							(in millions of yen)
							As of March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Domestic								1,091,554			1,235,131			(143,577	)
Manufacturing								347,914			267,151			80,762
Construction								26,937			38,178			(11,241	)
Wholesale and retail								216,734			256,769			(40,034	)
Finance and insurance								7,279			9,822			(2,543	)
Real estate								118,470			196,572			(78,101	)
Goods rental and leasing								4,922			3,744			1,177
Services								83,500			108,214			(24,714	)
Other industries								45,901			68,620			(22,718	)
Consumer								239,892			286,056			(46,163	)
Overseas								131,735			182,995			(51,260	)
Financial institutions								8,380			24,140			(15,759	)
Commercial and industrial								45,312			64,368			(19,055	)
Other								78,041			94,486			(16,445	)
Total								1,223,289			1,418,127			(194,837	)

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		87,955			91,524			(3,568	)
Doubtful		549,635			822,431			(272,796	)
Special Attention		539,334			458,280			81,053
Non Performing Loans (1)		1,176,925			1,372,236			(195,311	)

Normal		91,117,065			86,906,340			4,210,725
Total		92,293,991			88,278,576			4,015,414

Non Performing Loans / Total		1.27	%		1.55	%		(0.27	)%

(2) Status of Coverage of Non Performing Loans


	(in millions of yen)
	As of March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		905,598			1,069,080			(163,481	)
Allowance for credit losses		308,487			365,749			(57,262	)
Collateral, guarantees, etc.		597,111			703,330			(106,219	)

Coverage ratio (2) / (1)		76.94	%		77.90	%		(0.96	)%

(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

87,955

1,176

86,778

100.00

[91,524

]

[1,136

]

[90,388

]

[100.00

Doubtful

549,635

147,035

288,723

56.35

79.28

[822,431

]

[244,560

]

[389,674

]

[56.51

[77.11

Special Attention

539,334

160,274

221,609

50.44

70.80

[458,280

]

[120,052

]

[223,268

]

[51.08

[74.91

Total

1,176,925

308,487

597,111

53.20

76.94

[1,372,236

]

[365,749

]

[703,330

]

[54.67

[77.90

Note: The upper figures are as of March 31, 2015. The lower figures with brackets are as of March 31, 2014.

(4) Classified by Industry


	(in millions of yen)
	As of March 31, 2015 (A)		As of March 31, 2014 (B)		Increase (Decrease) (A) - (B)
Domestic		1,046,284		1,191,996		(145,711	)
Manufacturing		327,878		254,664		73,214
Construction		26,223		37,434		(11,211	)
Wholesale and retail		212,480		254,596		(42,116	)
Finance and insurance		6,996		8,194		(1,198	)
Real estate		107,302		180,941		(73,639	)
Goods rental and leasing		4,922		3,744		1,177
Services		83,115		107,314		(24,199	)
Other industries		45,023		67,590		(22,567	)
Consumer		232,343		277,514		(45,170	)
Overseas		130,640		180,240		(49,599	)
Financial institutions		7,298		24,140		(16,842	)
Commercial and industrial		45,312		61,626		(16,313	)
Other		78,029		94,473		(16,444	)
Total		1,176,925		1,372,236		(195,311	)

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Non Performing Loans


							(in millions of yen)
							As of March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								1,898			2,459			(560	)
Doubtful								21,678			25,149			(3,470	)
Special Attention								21,865			16,675			5,189
Non Performing Loans (1)								45,442			44,284			1,158

Normal								12,969,204			12,122,061			847,143
Total								13,014,647			12,166,345			848,301

Non Performing Loans / Total								0.34	%		0.36	%		(0.01	)%

(2) Status of Coverage of Non Performing Loans

							(in millions of yen)
							As of March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								34,572			38,522			(3,950	)
Allowance for credit losses								13,453			12,851			602
Collateral, guarantees, etc.								21,118			25,671			(4,552	)

Coverage ratio (2) / (1)								76.07	%		86.98	%		(10.91	)%

(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		1,898			14			1,883			100.00	%		100.00	%
		[2,459	]		[15	]		[2,444	]		[100.00	%]		[100.00	%]
Doubtful		21,678			5,972			11,623			59.40	%		81.16	%
		[25,149	]		[8,213	]		[11,922	]		[62.09	%]		[80.06	%]
Special Attention		21,865			7,465			7,611			52.37	%		68.95	%
		[16,675	]		[4,622	]		[11,305	]		[86.07	%]		[95.51	%]
Total		45,442			13,453			21,118			55.30	%		76.07	%
		[44,284	]		[12,851	]		[25,671	]		[69.04	%]		[86.98	%]
Note: The upper figures are as of March 31, 2015. The lower figures with brackets are as of March 31, 2014. (4) Classified by Industry
							(in millions of yen)
							As of March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Domestic								44,348			41,529			2,818
Manufacturing								20,036			12,487			7,548
Construction								714			744			(30	)
Wholesale and retail								4,254			2,172			2,082
Finance and insurance								282			1,628			(1,345	)
Real estate								10,480			14,815			(4,335	)
Goods rental and leasing								—			—			—
Services								385			900			(515	)
Other industries								878			1,029			(151	)
Consumer								7,316			7,750			(434	)
Overseas								1,094			2,755			(1,660	)
Financial institutions								1,082			—			1,082
Commercial and industrial								—			2,741			(2,741	)
Other								12			13			(0	)
Total								45,442			44,284			1,158

Mitsubishi UFJ Financial Group, Inc.

MUTB 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 March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt								12			70			(58	)
Doubtful								122			723			(601	)
Special Attention								786			811			(25	)
Non Performing Loans (1)								921			1,606			(684	)

Normal								26,086			30,176			(4,089	)
Total								27,008			31,782			(4,774	)

Non Performing Loans / Total								3.41	%		5.05	%		(1.64	)%

(2) Status of Coverage of Non Performing Loans
							(in millions of yen)
							As of March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)								686			1,301			(615	)
Allowance for credit losses								—			—			—
Collateral, guarantees, etc.								686			1,301			(615	)

Coverage ratio (2) / (1)								74.50	%		81.04	%		(6.54	)%

(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		12			—			12						100.00	%
		[70	]		[—	]		[70	]					[100.00	%]
Doubtful		122			—			101						83.05	%
		[723	]		[—	]		[654	]					[90.48	%]
Special Attention		786			—			572						72.76	%
		[811	]		[—	]		[576	]					[70.98	%]
Total		921			—			686						74.50	%
		[1,606	]		[—	]		[1,301	]					[81.04	%]
Note: The upper figures are as of March 31, 2015. The lower figures with brackets are as of March 31, 2014.

(4) Classified by Industry
							(in millions of yen)
							As of March 31, 2015 (A)			As of March 31, 2014 (B)			Increase (Decrease) (A) - (B)
Domestic								921			1,606			(684	)
Manufacturing								—			—			—
Construction								—			—			—
Wholesale and retail								—			—			—
Finance and insurance								—			—			—
Real estate								688			814			(126	)
Goods rental and leasing								—			—			—
Services								—			—			—
Other industries								—			—			—
Consumer								232			791			(558	)
Total								921			1,606			(684	)

Mitsubishi UFJ Financial Group, Inc.

Overview of Non-Performing Loans

BTMU and MUTB 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

[88.6]

[0.4]

[0.7]

(*1)

100.00%

i) Bankrupt or

De facto Bankrupt

[89.8]

Loans to bankrupt borrowers

[15.3]

Substantially
Bankrupt
Borrowers

Non-accrual

delinquent loans

[629.6]

Potentially
Bankrupt
Borrowers

[301.5]

[269.7]

56.46%

ii) Doubtful

[571.3]

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

[561.1]

50.52%

iii) Special Attention

[561.1]

Accruing loans contractually past due

3 months or more

[55.9]

Restructured loans

[505.2]

Borrowers
Requiring
Caution
(Other
Borrowers)

iv) Normal

[104,086.2]

Normal
Borrowers

Non-Performing Loans Based on the “FRL”

Risk-Monitored Loans

i) + ii) + iii)

1,222.3

1,206.2

Total

i) + ii) + iii) + iv)

105,308.6

(*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

BTMU Non-consolidated

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


	(in millions of yen)
	As of March 31, 2012		As of March 31, 2013		As of March 31, 2014 (A)		As of March 31, 2015 (B)		(B) - (A)
Assets newly categorized during fiscal 2011		393,988		281,203		164,748		105,408		(59,340	)
Assets newly categorized during fiscal 2012				340,637		204,404		94,261		(110,143	)
Assets newly categorized during fiscal 2013						195,312		121,427		(73,884	)
Assets newly categorized during fiscal 2014								98,674

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the fiscal year ended March 31, 2015
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		11,368
Reconstructive treatment		13,553
Upgrade due to reconstructive treatment		4,703
Loan sold to secondary market		4,415
Write-offs		45,740
Others		295,258
Collection / Repayment		118,629
Upgrade		176,628

Total		375,039		35,340		339,698

Amount in process for disposition		81,844

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.

MUTB 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, 2012		As of March 31, 2013		As of March 31, 2014 (A)		As of March 31, 2015 (B)		(B) - (A)
Assets newly categorized during fiscal 2011		27,155		17,759		2,252		2,157		(94	)
Assets newly categorized during fiscal 2012				15,711		8,784		1,845		(6,938	)
Assets newly categorized during fiscal 2013						6,315		3,069		(3,246	)
Assets newly categorized during fiscal 2014								7,495

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the fiscal year ended March 31, 2015
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		—
Reconstructive treatment		—
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		358
Write-offs		183
Others		12,256
Collection / Repayment		6,611
Upgrade		5,645

Total		12,798		907		11,891

Amount in process for disposition		1,992

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

BTMU and MUTB Combined including Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Domestic offices (excluding loans booked at offshore markets)		69,435,019			496,674			68,938,344
Manufacturing		10,156,808			564,697			9,592,111
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		164,103			7,517			156,586
Construction		835,063			(1,662	)		836,725
Utilities		1,699,548			2,024			1,697,524
Communication and information services		1,281,929			23,275			1,258,654
Transport and postal activities		2,170,341			(68,319	)		2,238,660
Wholesale and retail		6,630,773			(61,647	)		6,692,420
Finance and insurance		8,100,925			46,847			8,054,078
Real estate		8,526,443			(377,415	)		8,903,858
Goods rental and leasing		1,799,424			252,977			1,546,447
Services		2,656,321			(31,392	)		2,687,713
Municipal government		657,416			(135,815	)		793,231
Other industries (including loans to the Japanese government)		24,755,909			275,585			24,480,324
Overseas offices and loans booked at offshore markets		26,027,568			3,462,069			22,565,499

Total		95,462,588			3,958,744			91,503,844

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Total domestic consumer loans		16,648,906			(448,090	)		17,096,997
Housing loans		15,879,119			(468,583	)		16,347,702
Residential purpose		13,486,267			(62,184	)		13,548,451
Other		769,786			20,492			749,294
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Outstanding amount		38,778,180			27,293			38,750,887
% to total domestic loans		55.84	%		(0.36	)%		56.21	%

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Domestic offices (excluding loans booked at offshore markets)		58,862,955			283,764			58,579,191
Manufacturing		8,055,533			566,086			7,489,447
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		159,724			7,973			151,751
Construction		727,686			(2,389	)		730,075
Utilities		1,276,512			5,587			1,270,925
Communication and information services		1,056,906			82,770			974,136
Transport and postal activities		1,538,458			(42,871	)		1,581,329
Wholesale and retail		5,663,432			1,486			5,661,946
Finance and insurance		5,997,672			(219,259	)		6,216,931
Real estate		6,717,045			(344,832	)		7,061,877
Goods rental and leasing		1,180,502			202,503			977,999
Services		2,481,575			(18,333	)		2,499,908
Municipal government		645,826			(132,939	)		778,765
Other industries (including loans to the Japanese government)		23,362,084			177,982			23,184,102
Overseas offices and loans booked at offshore markets		23,877,428			2,961,608			20,915,819

Total		82,740,384			3,245,373			79,495,010

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Total domestic consumer loans		15,318,592			(518,517	)		15,837,110
Housing loans		14,555,405			(540,226	)		15,095,632
Residential purpose		12,353,090			(161,146	)		12,514,237
Other		763,187			21,709			741,477
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Outstanding amount		33,487,119			(304,103	)		33,791,222
% to total domestic loans		56.88	%		(0.79	)%		57.68	%

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Domestic offices (excluding loans booked at offshore markets)		10,459,686			200,211			10,259,475
Manufacturing		2,101,275			(1,389	)		2,102,664
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		4,379			(456	)		4,835
Construction		107,377			727			106,650
Utilities		423,036			(3,563	)		426,599
Communication and information services		225,023			(59,495	)		284,518
Transport and postal activities		628,325			(25,911	)		654,236
Wholesale and retail		967,341			(63,133	)		1,030,474
Finance and insurance		2,103,253			266,106			1,837,147
Real estate		1,799,485			(30,518	)		1,830,003
Goods rental and leasing		618,922			50,474			568,448
Services		174,740			(13,055	)		187,795
Municipal government		6,185			(2,758	)		8,943
Other industries (including loans to the Japanese government)		1,300,334			83,181			1,217,153
Overseas offices and loans booked at offshore markets		2,150,140			500,460			1,649,679

Total		12,609,827			700,671			11,909,155


(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Total domestic consumer loans		1,318,897			72,595			1,246,302
Housing loans		1,312,423			73,762			1,238,661
Residential purpose		1,122,847			100,696			1,022,150
Other		6,474			(1,167	)		7,641

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Outstanding amount		5,187,649			319,043			4,868,606
% to total domestic loans		49.59	%		2.14	%		47.45	%

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Domestic offices (excluding loans booked at offshore markets)		112,376			12,699			99,677
Manufacturing		—			—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		—			—			—
Communication and information services		—			—			—
Transport and postal activities		3,558			463			3,095
Wholesale and retail		—			—			—
Finance and insurance		—			—			—
Real estate		9,913			(2,065	)		11,978
Goods rental and leasing		—			—			—
Services		6			(4	)		10
Municipal government		5,405			(118	)		5,523
Other industries (including loans to the Japanese government)		93,491			14,422			79,069
Overseas offices and loans booked at offshore markets		—			—			—

Total		112,376			12,699			99,677

(2) Domestic Consumer Loans
	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Total domestic consumer loans		11,415			(2,168	)		13,584
Housing loans		11,290			(2,118	)		13,409
Residential purpose		10,329			(1,734	)		12,064
Other		125			(49	)		175
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Outstanding amount		103,412			12,353			91,059
% to total domestic loans		92.02	%		0.66	%		91.35	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BTMU and MUTB Combined


	(in millions of yen)
	As of March 31, 2015 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Asia		7,541,312		442,095			7,099,216
Thailand		244,432		(709,450	)		953,883
Indonesia		929,135		165,549			763,586
Malaysia		474,067		91,974			382,093
Philippines		215,453		49,581			165,872
South Korea		528,505		57,562			470,942
Singapore		1,420,775		222,035			1,198,740
Hong Kong		2,108,563		339,861			1,768,701
China		182,688		28,671			154,017
Taiwan		351,926		80,232			271,693
Others		1,085,763		116,078			969,684
Latin America		3,876,193		962,686			2,913,506
Argentina		4,000		(6,712	)		10,712
Brazil		632,381		214,012			418,369
Mexico		413,427		218,574			194,853
Caribbean countries		2,331,856		424,472			1,907,384
Others		494,528		112,339			382,188
North America		7,230,466		1,820,557			5,409,909
United States of America		6,906,459		1,764,707			5,141,751
Canada		324,007		55,849			268,158
Western Europe		4,924,962		521,022			4,403,939
United Kingdom		1,990,590		440,214			1,550,376
Germany		457,174		36,615			420,559
France		332,359		(49,619	)		381,979
Netherlands		712,586		58,543			654,042
Spain		153,363		(119,055	)		272,419
Italy		207,639		(41,078	)		248,718
Others		1,071,247		195,403			875,844
Eastern Europe		349,311		(186,344	)		535,655
Others		3,875,726		405,540			3,470,186

Total		27,797,972		3,965,558			23,832,414

Note:

In addition to the (non-consolidated basis) loan balance stated above, four major overseas subsidiaries have the following loan balances in the consolidated financial statements.

MUFG Americas Holdings Corporation: ¥9,150,190 million (a 2,043,355 million yen increase as compared with March 31, 2014.)

Bank of Ayudhya Public Company Limited: ¥3,572,237 million (a 1,504,994 million yen increase as compared with March 31, 2014.)

Bank of Tokyo-Mitsubishi UFJ (China), Ltd.: ¥1,619,319 million (a 201,454 million yen increase as compared with March 31, 2014.)

Bank of Tokyo-Mitsubishi UFJ (Holland) N.V.: ¥674,193 million (a 75,374 million yen decrease as compared with March 31, 2014.)

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BTMU and MUTB Combined


	(in millions of yen)
	As of March 31, 2015 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2014 (B)
Deposits (ending balance)		137,332,320		5,210,655		132,121,665
Deposits (average balance)		132,006,899		5,737,238		126,269,660
Loans (ending balance)		95,350,211		3,946,045		91,404,166
Loans (average balance)		94,794,286		5,804,646		88,989,640

BTMU Non-consolidated


	(in millions of yen)
	As of March 31, 2015 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2014 (B)
Deposits (ending balance)		124,590,909		4,954,387		119,636,522
Deposits (average balance)		119,381,226		5,488,451		113,892,775
Loans (ending balance)		82,740,384		3,245,373		79,495,010
Loans (average balance)		82,699,437		5,096,745		77,602,691

MUTB Non-consolidated


	(in millions of yen)
	As of March 31, 2015 (A)		Increase (Decrease) (A) - (B)		As of March 31, 2014 (B)
Deposits (ending balance)		12,741,410		256,268		12,485,142
Deposits (average balance)		12,625,672		248,787		12,376,884
Loans (ending balance)		12,609,827		700,671		11,909,155
Loans (average balance)		12,094,849		707,900		11,386,949

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BTMU and MUTB Combined

(in millions of yen)

As of
March 31, 2015
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2014
(B)

Individuals

70,415,191

1,547,897

68,867,293

Corporations and others

47,449,145

1,724,573

45,724,572

Domestic deposits

117,864,337

3,272,471

114,591,866

Note:

Amounts do not include negotiable certificates of deposit and JOM accounts.

BTMU Non-consolidated

(in millions of yen)

As of
March 31, 2015
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2014
(B)

Individuals

62,194,037

1,625,616

60,568,421

Corporations and others

44,264,741

1,581,927

42,682,813

Domestic deposits

106,458,778

3,207,543

103,251,234

Note:

Amounts do not include negotiable certificates of deposit and JOM accounts.

MUTB Non-consolidated


	(in millions of yen)
	As of March 31, 2015 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Individuals		8,221,154		(77,718	)		8,298,872
Corporations and others		3,184,404		142,645			3,041,758
Domestic deposits		11,405,559		64,927			11,340,631

Note:

Amounts do not include negotiable certificates of deposit and JOM accounts.

Mitsubishi UFJ Financial Group, Inc.

14. Status of Deferred Tax Assets

BTMU Non-consolidated

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


	(in billions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Deferred tax assets		571.1			(16.5	)		587.6
Allowance for credit losses		281.1			(12.9	)		294.1
Write-down on investment securities		96.0			(33.1	)		129.2
Unrealized losses on other securities		13.3			(13.9	)		27.2
Reserve for retirement benefits		105.3			10.8			94.4
Other		205.8			(20.0	)		225.9
Valuation allowance		(130.5	)		52.7			(183.3	)
Deferred tax liabilities		1,156.5			499.4			657.0
Unrealized gains on other securities		925.2			454.5			470.7
Net deferred gains on hedges		74.5			50.4			24.1
Revaluation gains on securities upon merger		69.6			(1.0	)		70.6
Gains on securities contributed to employees’ retirement benefits trust		52.6			(5.3	)		58.0
Other		34.3			0.8			33.4
Net deferred tax assets		(585.3	)		(515.9	)		(69.3	)

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


	(in billions of yen)
	FY2009			FY2010			FY2011			FY2012			FY2013			FY2014
Net business profits before provision for general allowance for credit losses		863.1			1,006.5			1,022.8			1,001.5			855.9			931.4
Total credit costs		(337.8	)		(166.1	)		(125.3	)		(56.6	)		17.0			(70.7	)
Income before income taxes		460.1			674.4			739.5			877.4			984.7			860.2
Reconciliation to taxable income		(3.7	)		(24.0	)		(305.1	)		(561.4	)		(336.2	)		(15.0	)
Taxable income		456.3			650.3			434.3			316.0			648.5			845.2

(3) Classification Based on Prior Year Operating Results as Provided in the JICPA Audit Committee Report No.66

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

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

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


	(in billions of yen)
	As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Deferred tax assets		63.5			21.3			42.2
Deferred losses on hedging instruments		27.2			17.0			10.2
Allowance for credit losses		14.5			(0.0	)		14.5
Gain on securities related to employees’ retirement benefits trust		14.3			(0.1	)		14.5
Write-down on investment securities		10.4			(3.2	)		13.7
Other		34.7			(0.2	)		34.9
Valuation allowance		(37.7	)		8.0			(45.8	)
Deferred tax liabilities		353.1			149.5			203.6
Unrealized gains on other securities		301.4			147.9			153.4
Reserve for retirement benefits		38.9			1.3			37.6
Other		12.7			0.2			12.5
Net deferred tax assets		(289.6	)		(128.2	)		(161.4	)

(2) Net business profits before credit costs for trust accounts and provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2009			FY2010			FY2011			FY2012			FY2013			FY2014
Net business profits before credit costs for trust accounts and provision for general allowance for credit losses		110.2			150.4			148.1			162.2			162.9			190.4
Total credit costs		(23.7	)		(8.0	)		(9.2	)		(8.6	)		18.0			(0.4	)
Income before income taxes		52.0			101.9			113.5			173.5			184.4			201.4
Reconciliation to taxable income		23.3			(80.1	)		(30.2	)		(84.9	)		(94.3	)		(42.3	)
Taxable income		75.3			21.7			83.3			88.6			90.1			159.0

(3) Classification Based on Prior Year Operating Results as Provided in the JICPA Audit Committee Report No.66

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

Mitsubishi UFJ Financial Group, Inc.

15. Retirement Benefits

MUFG Consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Projected benefit obligation (reserve type)	(A)		2,319,665			348,717			1,970,947
Projected benefit obligation (non-reserve type)	(B)		49,120			10,811			38,308
Fair value of plan assets	(C)		(2,811,425	)		(392,984	)		(2,418,441	)
Net amount recorded on the Consolidated Balance Sheet	(A) + (B) - (C)		(442,640	)		(33,454	)		(409,185	)
Net defined benefit liability			62,121			10,469			51,651
Net defined benefit asset			(504,761	)		(43,924	)		(460,836	)
(2) Net periodic cost of retirement benefits
		(in millions of yen)
		For the fiscal year ended March 31, 2015 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2014 (B)
Net periodic cost of retirement benefits regarding defined benefit pension plans			47,925			(10,150	)		58,076
Service cost			55,476			1,261			54,214
Interest cost			40,110			2,976			37,133
Expected return on plan assets			(85,879	)		(8,115	)		(77,764	)
Amortization of unrecognized prior service cost			(8,827	)		(2,182	)		(6,644	)
Amortization of unrecognized net actuarial loss			36,844			(6,359	)		43,203
Other			10,202			2,268			7,934

(3) Assumptions used in calculation of projected benefit obligation


	As of March 31, 2015
Discount rates		Domestic consolidated subsidiaries	0.00% ~ 1.60%
		Overseas consolidated subsidiaries	3.30% ~ 10.77%
Expected return		Domestic consolidated subsidiaries	0.59% ~ 4.20%
		Overseas consolidated subsidiaries	3.60% ~ 10.77%

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Projected benefit obligation	(A)		1,486,447			194,338			1,292,108
Discount rates			0.6% ~ 1.0	%					1.1% ~ 1.5	%
Fair value of plan assets	(B)		1,683,730			229,627			1,454,102
Prepaid pension cost	(C)		225,683			(48,128	)		273,812
Reserve for retirement benefits	(D)		6,953			(284	)		7,238
Total amount unrecognized	(A) - (B) + (C) - (D)		21,447			(83,132	)		104,580
Unrecognized net actuarial loss			35,653			(85,551	)		121,205
Unrecognized prior service cost			(14,205	)		2,418			(16,624	)

(2) Net periodic cost

		(in millions of yen)
		For the fiscal year ended March 31, 2015 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2014 (B)
Net periodic cost of retirement benefits			41,529			1,326			40,203
Service cost			29,731			160			29,571
Interest cost			18,134			203			17,931
Expected return on plan assets			(33,751	)		2,069			(35,821	)
Amortization of unrecognized prior service cost			(4,220	)		11			(4,231	)
Amortization of unrecognized net actuarial loss			21,282			(3,052	)		24,334
Other			10,354			1,934			8,419

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Benefit obligation


		(in millions of yen)
		As of March 31, 2015 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2014 (B)
Projected benefit obligation	(A)		319,864			35,598			284,265
Discount rates			0.8% ~ 1.1	%					1.4	%
Fair value of plan assets	(B)		592,631			72,585			520,045
Prepaid pension cost	(C)		239,117			14,535			224,581
Reserve for retirement benefits	(D)		—			—			—
Total amount unrecognized	(A) - (B) + (C) - (D)		(33,649	)		(22,451	)		(11,197	)
Unrecognized net actuarial loss			(28,220	)		(26,360	)		(1,860	)
Unrecognized prior service cost			(5,428	)		3,908			(9,337	)

(2) Net periodic cost

		(in millions of yen)
		For the fiscal year ended March 31, 2015 (A)			Increase (Decrease) (A) - (B)			For the fiscal year ended March 31, 2014 (B)
Net periodic cost of retirement benefits			(8,434	)		(6,497	)		(1,936	)
Service cost			5,597			(431	)		6,029
Interest cost			4,053			(380	)		4,434
Expected return on plan assets			(21,683	)		(2,181	)		(19,501	)
Amortization of unrecognized prior service cost			(3,908	)		(0	)		(3,908	)
Amortization of unrecognized net actuarial loss			6,757			(3,594	)		10,352
Other			748			91			657

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Exposure to “Securitized Products and Related Investments”

Our exposure to securitized products and related investments as of the end of March 2015 is outlined below. (Figures are on a managerial basis and rounded off to billion yen or to the second decimal point of trillion yen)

[Balance, net unrealized gains (losses), realized gains (losses)]

•

The balance as of the end of March 2015 was ¥3.39 trillion in total, an increase of ¥0.46 trillion from the balance as of the end of March 2014, mainly due to increases in CLOs and Other securitized products.

•

Net unrealized losses were ¥4 billion, improved by ¥25 billion compared to the end of March 2014.

•

P/L impact for the fiscal year ended March 31, 2015 was ¥1 billion.


		(¥bn)
												of which securities being held to maturity²
		Balance¹		Change from end of March 2014			Net unrealized gains (losses)			Change from end of March 2014		Balance		Net unrealized gains (losses)
1	RMBS		21		(3	)		4			1		0		0
2	Sub-prime RMBS		0		0			0			0		0		0
3	CMBS		405		23			3			16		216		(1	)
4	CLOs		2,878		406			(13	)		8		1,987		(6	)
5	Other securitized products (card, etc.)		86		34			2			1		20		0
6	CDOs		0		0			0			0		0		0
7	Sub-prime ABS CDOs		0		0			0			0		0		0
8	SIV		0		0			0			0		0		0

9	Total		3,390		460			(4	)		25		2,224		(7	)

Balance is the amount after impairment and before deducting net unrealized gains (losses). The above table does not include mortgage-backed securities arranged and guaranteed by U.S. government sponsored enterprises, etc., Japanese RMBS such as Japanese Housing Finance Agency securities, and products held by funds such as investment trusts. These are also applicable to the tables in this document.

Following the publication of “Tentative Solution on Reclassification of Debt Securities” (Practical Issue Task Force No.26, The Accounting Standards Board of Japan, December 5, 2008), some of our securitized products were reclassified into “securities being held to maturity” from “securities available for sale” at and after the end of January 2009. The balance and net unrealized gains (losses) of the securities being held to maturity in the above table are based on book value before reclassification.

[Distribution by rating]

•

AAA-rated products accounted for 87% of our investments in securitized products as of the end of March 2015, an increase of 7 percentage points compared with the end of March 2014, mainly due to an increase in highly rated CLOs.

•

AAA and AA-rated products accounted for 97% of our investments in securitized products.


		(¥bn)
		AAA			AA			A			BBB			BB or lower			Unrated			Total
10	RMBS		2			3			0			11			5			0			21
11	Sub-prime RMBS		0			0			0			0			0			0			0
12	CMBS		169			237			0			0			0			0			405
13	CLOs		2,747			79			49			2			0			0			2,878
14	Other securitized products (card, etc.)		28			24			1			0			0			34			86
15	CDOs		0			0			0			0			0			0			0
16	Sub-prime ABS CDOs		0			0			0			0			0			0			0
17	SIV		0			0			0			0			0			0			0

18	Total		2,946			342			50			13			6			34			3,390

19	Percentage of total		87	%		10	%		1	%		0	%		0	%		1	%		100	%
20	Percentage of total (End of March 2014)		80	%		18	%		1	%		1	%		0	%		0	%		100	%

Mitsubishi UFJ Financial Group, Inc.

[Credit exposure related to leveraged loan (LBO loan)]

•

We are not engaged in origination or distribution of securitized products relating to LBO loans, and therefore, there is no balance of LBO loans for securitization.

•

The following table shows the balances of LBO loans as of the end of March 2015.


		(¥bn)
		Americas		Europe		Asia		Japan		Total		Change from end of March 2014
21	LBO Loan³ (Balance on a commitment basis)		22		113		0		339		474		138
22	Balance on a booking basis		9		92		0		305		406		130

³ Includes balance after refinancing. (Figures are rounded off.)

[Special Purpose Entities (SPEs)]

•

We are engaged in sponsoring ABCP issuance for securitizing our clients’ assets.

•

The balance of assets purchased by ABCP conduits (special purpose companies for issuing ABCP) as of the end of March 2015 was ¥4.80 trillion (including ¥2.33 trillion in overseas).

•

The purchased assets are mainly receivables and they do not include residential mortgages.

End


RMBS	:	Asset-backed securities collateralized by residential mortgages
CMBS	:	Asset-backed securities collateralized by commercial mortgages
CLOs	:	Collateralized loan obligations backed by whole commercial loans, revolving credit facilities, or letters of credit
CDOs	:	Structured credit securities backed by a pool of securities, loans, or credit default swaps
ABS CDOs	:	Collateralized debt obligations backed by asset backed securities
SIVs	:	Investment companies established mainly for gaining profit margin by raising funds through subordinated notes and short-term CPs, etc. and investing in relatively long-term securitized products and bonds, etc.
LBO Loans	:	Loans collateralized by assets and/or future cash flows of an acquired company
ABCP	:	Commercial papers issued by a Special Purposed Company (SPC) collateralized by receivables

Mitsubishi UFJ Financial Group, Inc.

(Reference)

2. Financial Statements

BTMU Non-consolidated

(1) Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2014			As of March 31, 2015
Assets:
Cash and due from banks		20,351,570			33,122,906
Call loans		250,480			274,077
Receivables under resale agreements		408,020			29,243
Receivables under securities borrowing transactions		2,692,329			341,200
Monetary claims bought		3,167,447			3,727,386
Trading assets		4,820,098			5,764,317
Money held in trust		61,589			31,132
Securities		56,790,753			52,873,408
Loans and bills discounted		79,495,010			82,740,384
Foreign exchanges		1,969,809			2,013,104
Other assets		4,954,602			6,224,547
Tangible fixed assets		863,197			873,973
Intangible fixed assets		390,164			398,550
Prepaid pension costs		273,812			225,683
Customers’ liabilities for acceptances and guarantees		5,854,841			6,657,095
Allowance for credit losses		(651,662	)		(644,579	)

Total assets		181,692,063			194,652,431

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2014			As of March 31, 2015
Liabilities:
Deposits		119,636,522			124,590,909
Negotiable certificates of deposit		10,507,938			10,985,081
Call money		1,774,023			1,084,494
Payables under repurchase agreements		10,273,695			8,957,252
Payables under securities lending transactions		2,048,950			2,369,378
Commercial papers		940,728			1,265,562
Trading liabilities		3,323,941			4,344,146
Borrowed money		9,505,089			11,724,531
Foreign exchanges		1,070,165			1,694,556
Bonds payable		4,202,748			4,791,846
Other liabilities		2,867,300			4,902,001
Reserve for bonuses		17,704			28,161
Reserve for bonuses to directors		147			143
Reserve for retirement benefits		7,238			6,953
Reserve for loyalty award credits		1,121			1,217
Reserve for contingent losses		42,057			41,195
Deferred tax liabilities		69,390			585,351
Deferred tax liabilities for land revaluation		149,763			133,940
Acceptances and guarantees		5,854,841			6,657,095

Total liabilities		172,293,369			184,163,819

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		2,907,680			3,066,001
Revenue reserve		190,044			190,044
Other retained earnings		2,717,635			2,875,957
Funds for retirement benefits		2,432			2,432
Other reserve		718,196			718,196
Earned surplus brought forward		1,997,006			2,155,328
Treasury stock		(255,700	)		(645,700	)

Total shareholders’ equity		8,242,213			8,010,535

Net unrealized gains (losses) on other securities		889,003			2,086,911
Net deferred gains (losses) on hedging instruments		42,858			155,143
Land revaluation excess		224,619			236,022

Total valuation and translation adjustments		1,156,480			2,478,076

Total net assets		9,398,694			10,488,611

Total liabilities and net assets		181,692,063			194,652,431

Mitsubishi UFJ Financial Group, Inc.

BTMU Non-consolidated

(2) Non-consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2014			For the fiscal year ended March 31, 2015
Ordinary income		2,921,537			2,856,450
Interest income		1,506,973			1,600,411
Interest on loans and bills discounted		977,439			986,729
Interest and dividends on securities		415,873			472,622
Fees and commissions		617,805			676,444
Trading income		109,734			127,622
Other business income		375,561			330,096
Other ordinary income		311,462			121,876
Ordinary expenses		1,919,428			1,953,818
Interest expenses		350,920			364,034
Interest on deposits		98,616			112,059
Fees and commissions		145,162			163,039
Trading expenses		1,321			—
Other business expenses		161,152			100,188
General and administrative expenses		1,123,952			1,202,730
Other ordinary expenses		136,918			123,825

Ordinary profits		1,002,109			902,632

Extraordinary gains		16,299			3,376
Extraordinary losses		33,618			45,745

Income before income taxes		984,789			860,263

Income taxes - current		250,648			299,349
Refund of income taxes		(2,563	)		(29,639	)
Income taxes - deferred		86,446			18,775

Total taxes		334,531			288,485

Net income		650,257			571,778

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(1) Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2014			As of March 31, 2015
Assets:
Cash and due from banks		1,480,594			4,445,069
Call loans		326,754			129,117
Monetary claims bought		15,603			1,383
Trading assets		316,744			438,754
Money held in trust		13,799			13,256
Securities		14,974,915			17,186,742
Loans and bills discounted		11,909,155			12,609,827
Foreign exchanges		7,742			24,891
Other assets		632,798			654,237
Tangible fixed assets		152,478			148,449
Intangible fixed assets		52,025			53,216
Prepaid pension costs		224,581			239,117
Customers’ liabilities for acceptances and guarantees		223,905			365,822
Allowance for credit losses		(36,821	)		(38,549	)

Total assets		30,294,278			36,271,336

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2014			As of March 31, 2015
Liabilities:
Deposits		12,485,142			12,741,410
Negotiable certificates of deposit		4,904,701			4,837,879
Call money		720,541			1,354,566
Payables under repurchase agreements		4,756,689			5,849,069
Payables under securities lending transactions		1,344,692			2,558,657
Commercial papers		266,840			516,964
Trading liabilities		78,403			160,122
Borrowed money		1,235,202			1,851,860
Foreign exchanges		291			3,439
Short-term bonds payable		—			79,995
Bonds payable		430,292			687,935
Due to trust accounts		1,401,922			1,796,031
Other liabilities		446,504			961,027
Reserve for bonuses		4,415			4,319
Reserve for bonuses to directors		77			67
Reserve for contingent losses		12,641			7,146
Deferred tax liabilities		161,438			289,642
Deferred tax liabilities for land revaluation		5,262			4,728
Acceptances and guarantees		223,905			365,822

Total liabilities		28,478,966			34,070,687

Net assets:
Capital stock		324,279			324,279
Capital surplus		412,315			412,315
Capital reserve		250,619			250,619
Other capital surplus		161,695			161,695
Retained earnings		802,540			858,520
Revenue reserve		73,714			73,714
Other retained earnings		728,826			784,806
Funds for retirement benefits		710			710
Other reserve		138,495			138,495
Earned surplus brought forward		589,621			645,601

Total shareholders’ equity		1,539,134			1,595,114

Net unrealized gains (losses) on other securities		301,487			665,776
Net deferred gains (losses) on hedging instruments		(18,503	)		(57,003	)
Land revaluation excess		(6,806	)		(3,237	)

Total valuation and translation adjustments		276,177			605,534

Total net assets		1,815,312			2,200,649

Total liabilities and net assets		30,294,278			36,271,336

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(2) Non-consolidated Statements of Income


(in millions of yen)	For the fiscal year ended March 31, 2014		For the fiscal year ended March 31, 2015
Ordinary income		538,198		531,226
Trust fees		79,991		86,728
Interest income		218,455		237,600
Interest on loans and bills discounted		94,032		91,429
Interest and dividends on securities		119,338		139,435
Fees and commissions		120,206		127,346
Trading income		11,984		25,373
Other business income		54,840		19,170
Other ordinary income		52,720		35,006
Ordinary expenses		343,120		321,147
Interest expenses		59,125		65,559
Interest on deposits		23,345		22,291
Fees and commissions		27,227		29,067
Trading expenses		500		—
Other business expenses		56,321		26,485
General and administrative expenses		187,340		188,518
Other ordinary expenses		12,605		11,516

Ordinary profits		195,077		210,078

Extraordinary gains		650		204
Extraordinary losses		11,280		8,874

Income before income taxes		184,448		201,408

Income taxes - current		33,477		62,411
Income taxes - deferred		14,644		(1,760	)

Total taxes		48,122		60,651

Net income		136,326		140,757

Mitsubishi UFJ Financial Group, Inc.

MUTB 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, 2014		As of March 31, 2015
Assets:
Loans and bills discounted		99,677		112,376
Securities		55,572,673		58,086,929
Beneficiary rights to the trust		43,107,562		49,353,240
Securities held in custody accounts		2,979,912		3,172,363
Monetary claims		11,307,556		10,619,079
Tangible fixed assets		9,804,352		10,805,072
Intangible fixed assets		206,970		192,554
Other claims		5,202,507		5,040,404
Call loans		1,988,311		2,307,474
Due from banking account		1,945,120		3,184,730
Cash and due from banks		2,402,507		3,449,102

Total		134,617,151		146,323,327

Liabilities:
Money trusts		21,176,266		23,452,525
Pension trusts		13,945,101		15,360,655
Property formation benefit trusts		9,871		8,340
Investment trusts		42,523,279		48,930,372
Money entrusted other than money trusts		2,770,558		3,218,827
Securities trusts		5,070,063		5,066,024
Monetary claim trusts		11,298,129		10,266,613
Equipment trusts		34,924		44,498
Land and fixtures trusts		83,043		82,369
Composite trusts		37,705,915		39,893,100

Total		134,617,151		146,323,327

Note:

The table shown above includes master trust assets under the service-shared co-trusteeship between MUTB and The Master Trust Bank of Japan, Ltd.

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, 2014		As of March 31, 2015
Assets:
Loans and bills discounted		31,782		27,008
Securities		68,484		104,557
Other		1,226,192		1,624,592

Total		1,326,459		1,756,157

Liabilities:
Principal		1,324,411		1,738,140
Allowance for bad debts		95		81
Other		1,953		17,936

Total		1,326,459		1,756,157

Mitsubishi UFJ Financial Group, Inc.

MUTB Non-consolidated

(4) Major Items


(in millions of yen)	As of March 31, 2014		As of March 31, 2015
Total funds		52,521,082		56,400,812

Deposits		12,485,142		12,741,410
Negotiable certificates of deposit		4,904,701		4,837,879
Money trusts		21,176,266		23,452,525
Pension trusts		13,945,101		15,360,655
Property formation benefit trusts		9,871		8,340

Loans and bills discounted		12,008,833		12,722,204

Banking account		11,909,155		12,609,827
Trust account		99,677		112,376

Investment securities		70,547,588		75,273,672

Note:

The table shown above includes master trust assets under the service-shared co-trusteeship between MUTB and The Master Trust Bank of Japan, Ltd.