Contents of Appendix
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1. Results of Operations and Financial Condition
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2
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(1) Analysis of results of operations
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2
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(2) Analysis of financial condition
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3
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2. Basic Views on Selection of Accounting Standards
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4
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3. Consolidated Financial Statements and Notes
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5
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(1) Consolidated Balance Sheets
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5
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(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
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7
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(3) Consolidated Statements of Changes in Net Assets
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10
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(4) Consolidated Statements of Cash Flows
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12
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Notes to the Consolidated Financial Statements
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14
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Notes on Going-Concern Assumption
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Segment Information
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Per Share Information
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Supplemental Information:
Selected Financial Information under Japanese GAAP For the fiscal year ended March 31, 2017
(*)
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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.
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Internet Conference:
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May 15, 2017 (Monday)
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Explanation for investors and analysts:
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May 19, 2017 (Friday)
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1
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, 2017)
An overview of the
financial and economic environment for fiscal year 2016 shows the global economy generally maintained a moderate recovery, particularly in developed countries. This was despite deep uncertainties arising from Chinas structural adjustment, as
well as fluctuations in international financial markets due to key events such as the UKs vote to leave the EU and the advent of the new US administration. The US economy continued its self-sustained recovery, driven mainly by domestic demand,
which was supported by improved employment conditions. However, the recovery in production and capital investment was a little slow in the corporate sector. In Europe, domestic demand continued to pick up, supported by improved employment conditions
and low interest rates, despite an increase in uncertainty stemming from the UKs vote to leave the EU and NPL problems in Southern European countries. On the whole, the Asian economy was solid, particularly in ASEAN (Association of Southeast
Asian Nations). However, each countrys exports were pushed down by the economic slowdown in China, which has been undergoing structural adjustment. Under such circumstances, Japans economy maintained a moderate recovery throughout the
fiscal year, yet some areas experienced a delay in improvement. Private consumption continued to grow, albeit slowly, on the back of an increase in employment and wages; meanwhile, residential investment also remained strong. Capital expenditure
continued to increase gradually, underpinned by an upturn in exports and production, although it was held back temporarily by a slowdown in corporate earnings growth caused by yen appreciation in the first half of the fiscal year. Public demand was
almost flat.
Turning now to financial conditions, there were large fluctuations in foreign exchange rates and stock prices in Japan. During
the first half of fiscal year 2016, the Japanese yen continued to appreciate against the US dollar and Japans stock market was weak against a backdrop of uncertainties surrounding the global economy. However, after the US presidential
election, the Japanese yen depreciated sharply and stock prices surged due to high expectations brought about by the new administration. Towards the end of the fiscal year, the Japanese yen appreciated again. As for interest rates, the US Federal
Reserve raised interest rates in December and March; whereas the Bank of England reduced interest rates in August after the national referendum and the European Central Bank retained its monetary easing policy. Additionally, the Bank of Japan
maintained its aggressive monetary easing stance with the introduction of Quantitative and Qualitative Monetary Easing with Yield Curve Control in September, resulting in continued, low, long-term interest rates.
Under such business environment, consolidated gross profits for the fiscal year ended March 31, 2017 decreased 131.3 billion yen from the
previous fiscal year to 4,011.8 billion yen. This was mainly due to a decrease in the translated JPY value by the appreciation of JPY against other currencies, a decrease in net interest income from domestic loans and deposits, reflecting lower
interest rates in domestic market, as well as decreases in fee income from sale of investment products and net gains on debt securities. Those were partially offset by increases in fee and net interest income in overseas. General and administrative
(G&A) expenses for the fiscal year ended March 31, 2017 was 2,593.5 billion yen, almost unchanged from the previous fiscal year, partially due to the appreciation of JPY against other currencies. As a result, net operating profits
decreased 139.6 billion yen from the previous fiscal year to 1,418.2 billion yen.
2
Mitsubishi UFJ Financial Group, Inc.
Total credit costs for the fiscal year ended March 31, 2017 decreased 99.7 billion yen from
the previous fiscal year, mainly due to a decrease in provision for allowance for credit losses. Net gains on equity securities increased 36.6 billion yen from the previous fiscal year, driven by a progress in sales of equity holdings. Other
non-recurring
losses increased 189.4 billion yen from the previous fiscal year, mainly due to increases in provision for repayment of excess interest of credit card/loan businesses, and expenses for defined
benefit plans.
As a result, ordinary profits for the fiscal year ended March 31, 2017 were 1,360.7 billion yen, a decrease of
178.7 billion yen from the previous fiscal year, and profits attributable to owners of parent for the fiscal year ended March 31, 2017 was 926.4 billion yen, a decrease of 24.9 billion yen from the previous fiscal year.
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(in billions of Japanese yen)
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For the fiscal
year
ended
March 31, 2017
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For the fiscal
year
ended
March 31, 2016
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Increase
(Decrease)
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Gross profits
before credit costs for trust accounts
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4,011.8
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4,143.2
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(131.3
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General and administrative expenses
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2,593.5
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2,585.2
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8.2
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Net operating profits
before credit costs for trust accounts and provision for general allowance for credit
losses
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1,418.2
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1,557.9
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(139.6
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Total credit costs
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(155.3
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)
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(255.1
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)
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99.7
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Net gains (losses) on equity securities
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124.9
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88.3
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36.6
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Profits (losses) from investments in affiliates
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244.4
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230.4
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14.0
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Other
non-recurring
gains (losses)
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(271.4
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(82.0
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)
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(189.4
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Ordinary profits
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1,360.7
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1,539.4
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(178.7
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Net extraordinary gains (losses)
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(57.5
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(40.7
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(16.8
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Total taxes
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342.1
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460.2
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(118.0
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)
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Profits attributable to
non-controlling
interests
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34.6
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87.1
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(52.5
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Profits attributable to owners of parent
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926.4
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951.4
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(24.9
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(2) Analysis of financial condition
Total assets as of March 31, 2017 increased 4,994.5 billion yen from March 31, 2016 to 303,297.4 billion yen, and total net assets as of March 31, 2017 decreased
728.3 billion yen from March 31, 2016 to 16,658.3 billion yen. The decrease in total net assets was mainly due to decreases in net unrealized gains on
available-for-sale
securities and foreign currency translation adjustments, and share repurchases.
With regard to major items of assets, loans and bills discounted as of March 31, 2017 decreased 4,751.0 billion yen from March 31, 2016 to 109,005.2 billion yen and securities as of
March 31, 2017 decreased 10,554.9 billion yen from March 31, 2016 to 59,438.8 billion yen. With regard to major items of liabilities, deposits as of March 31, 2017 increased 9,765.1 billion yen from March 31, 2016
to 170,730.2 billion yen.
3
Mitsubishi UFJ Financial Group, Inc.
2. 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.
4
Mitsubishi UFJ Financial Group, Inc.
3. Consolidated Financial Statements and Notes
(1) Consolidated Balance Sheets
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(in millions of yen)
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As
of
March 31, 2016
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As
of
March 31, 2017
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Assets:
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Cash and due from banks
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49,158,293
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63,525,940
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Call loans and bills bought
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660,015
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649,147
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Receivables under resale agreements
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7,466,633
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8,066,973
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Receivables under securities borrowing transactions
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6,041,983
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11,002,723
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Monetary claims bought
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4,733,393
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4,707,868
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Trading assets
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20,460,863
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21,046,367
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Money held in trust
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679,678
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806,881
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Securities
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69,993,869
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59,438,897
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Loans and bills discounted
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113,756,325
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109,005,231
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Foreign exchanges
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1,792,888
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2,083,530
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Other assets
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12,255,764
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11,554,699
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Tangible fixed assets
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1,362,044
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1,358,905
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Buildings
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349,761
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341,131
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Land
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730,130
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720,132
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Lease assets
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10,856
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10,164
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Construction in progress
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38,494
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46,373
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Other tangible fixed assets
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232,801
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241,104
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Intangible fixed assets
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1,254,727
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1,257,876
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Software
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570,884
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567,753
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Goodwill
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278,628
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267,389
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Lease assets
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648
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446
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Other intangible fixed assets
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404,566
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422,287
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Net defined benefit assets
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377,955
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601,377
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Deferred tax assets
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125,739
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126,231
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Customers liabilities for acceptances and guarantees
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9,240,310
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9,022,130
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Allowance for credit losses
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(1,057,585
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(957,350
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)
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Total assets
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298,302,898
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303,297,433
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5
Mitsubishi UFJ Financial Group, Inc.
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(in millions of yen)
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As
of
March 31, 2016
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As
of
March 31, 2017
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Liabilities:
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Deposits
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160,965,056
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170,730,221
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Negotiable certificates of deposit
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11,591,578
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11,341,571
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Call money and bills sold
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1,360,238
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1,973,569
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Payables under repurchase agreements
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23,515,240
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17,636,962
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Payables under securities lending transactions
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4,710,407
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5,538,739
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Commercial papers
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2,292,282
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2,307,222
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Trading liabilities
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17,251,302
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17,700,617
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Borrowed money
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12,482,277
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16,971,085
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Foreign exchanges
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2,054,937
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1,970,980
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Short-term bonds payable
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752,492
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847,999
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Bonds payable
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9,190,542
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9,893,687
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Due to trust accounts
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13,296,033
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9,893,881
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Other liabilities
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10,834,564
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9,382,992
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Reserve for bonuses
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90,219
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81,012
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Reserve for bonuses to directors
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396
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598
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Reserve for stocks payment
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10,400
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Net defined benefit liabilities
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62,791
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59,045
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Reserve for retirement benefits to directors
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1,113
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1,128
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Reserve for loyalty award credits
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15,971
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16,689
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Reserve for contingent losses
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210,087
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384,868
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Reserves under special laws
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4,232
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4,075
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Deferred tax liabilities
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866,815
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745,073
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Deferred tax liabilities for land revaluation
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127,237
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124,483
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Acceptances and guarantees
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9,240,310
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9,022,130
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Total liabilities
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280,916,129
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286,639,039
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Net assets:
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Capital stock
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2,141,513
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2,141,513
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Capital surplus
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1,425,637
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1,412,087
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Retained earnings
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8,587,578
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9,278,546
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Treasury stock
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(298,922
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)
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(513,260
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)
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Total shareholders equity
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11,855,806
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12,318,885
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Net unrealized gains (losses) on available-for-sale securities
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2,486,627
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2,184,597
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Net deferred gains (losses) on hedging instruments
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337,297
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125,684
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Land revaluation excess
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176,364
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173,723
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Foreign currency translation adjustments
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791,401
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558,339
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Remeasurements of defined benefit plans
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(189,526
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)
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(65,098
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)
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Debt value adjustments of foreign subsidiaries and affiliates
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(15,863
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)
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Total accumulated other comprehensive income
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3,602,163
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2,961,382
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Subscription rights to shares
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8,260
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|
407
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Non-controlling interests
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1,920,538
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1,377,719
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|
Total net assets
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17,386,769
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16,658,394
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|
Total liabilities and net assets
|
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|
298,302,898
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|
303,297,433
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6
Mitsubishi UFJ Financial Group, Inc.
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
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(in millions of yen)
|
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For the fiscal
year
ended
March 31, 2016
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For the fiscal
year
ended
March 31, 2017
|
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Ordinary income
|
|
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5,714,419
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|
|
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5,979,568
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|
Interest income
|
|
|
2,769,248
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|
|
|
2,888,134
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|
Interest on loans and bills discounted
|
|
|
1,812,133
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|
|
|
1,862,089
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|
Interest and dividends on securities
|
|
|
628,882
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|
|
|
675,434
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|
Interest on call loans and bills bought
|
|
|
9,887
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|
|
|
10,523
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|
Interest on receivables under resale agreements
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|
|
41,818
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|
|
|
46,831
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|
Interest on receivables under securities borrowing transactions
|
|
|
6,520
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|
|
|
6,246
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|
Interest on deposits
|
|
|
79,087
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|
|
|
79,746
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|
Other interest income
|
|
|
190,919
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|
|
|
207,261
|
|
Trust fees
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|
|
117,046
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|
|
|
122,050
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|
Fees and commissions
|
|
|
1,536,719
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|
|
|
1,531,974
|
|
Trading income
|
|
|
306,354
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|
|
|
292,761
|
|
Other operating income
|
|
|
469,265
|
|
|
|
575,937
|
|
Other ordinary income
|
|
|
515,784
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|
|
|
568,709
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|
Gains on loans written-off
|
|
|
60,645
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|
|
|
64,487
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|
Others
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|
|
455,138
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|
|
|
504,221
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|
Ordinary expenses
|
|
|
4,174,932
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|
|
|
4,618,801
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|
Interest expenses
|
|
|
655,735
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|
|
|
863,677
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|
Interest on deposits
|
|
|
292,909
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|
|
|
296,574
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|
Interest on negotiable certificates of deposit
|
|
|
48,093
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|
|
|
65,008
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|
Interest on call money and bills sold
|
|
|
8,204
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|
|
|
2,043
|
|
Interest on payables under repurchase agreements
|
|
|
48,263
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|
|
|
81,400
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|
Interest on payables under securities lending transactions
|
|
|
7,449
|
|
|
|
2,104
|
|
Interest on commercial papers
|
|
|
6,347
|
|
|
|
15,172
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|
Interest on borrowed money
|
|
|
46,856
|
|
|
|
34,140
|
|
Interest on short-term bonds payable
|
|
|
749
|
|
|
|
22
|
|
Interest on bonds payable
|
|
|
142,728
|
|
|
|
171,514
|
|
Other interest expenses
|
|
|
54,133
|
|
|
|
195,695
|
|
Fees and commissions
|
|
|
216,165
|
|
|
|
203,484
|
|
Trading expenses
|
|
|
|
|
|
|
2,725
|
|
Other operating expenses
|
|
|
183,583
|
|
|
|
329,193
|
|
General and administrative expenses
|
|
|
2,602,450
|
|
|
|
2,663,503
|
|
Other ordinary expenses
|
|
|
516,997
|
|
|
|
556,217
|
|
Provision for allowance for credit losses
|
|
|
132,691
|
|
|
|
30,342
|
|
Others
|
|
|
384,305
|
|
|
|
525,875
|
|
|
|
|
|
|
|
|
|
|
Ordinary profits
|
|
|
1,539,486
|
|
|
|
1,360,767
|
|
|
|
|
|
|
|
|
|
|
7
Mitsubishi UFJ Financial Group, Inc.
|
|
|
|
|
|
|
|
|
(in millions of yen)
|
|
For the fiscal
year
ended
March 31, 2016
|
|
|
For the fiscal
year
ended
March 31, 2017
|
|
Extraordinary gains
|
|
|
21,316
|
|
|
|
17,620
|
|
Gains on disposition of fixed assets
|
|
|
21,316
|
|
|
|
17,463
|
|
Reversal of reserve for contingent liabilities from financial instruments transactions
|
|
|
|
|
|
|
156
|
|
Extraordinary losses
|
|
|
62,033
|
|
|
|
75,159
|
|
Losses on disposition of fixed assets
|
|
|
12,144
|
|
|
|
9,263
|
|
Losses on impairment of fixed assets
|
|
|
13,415
|
|
|
|
10,162
|
|
Provision for reserve for contingent liabilities from financial instruments transactions
|
|
|
460
|
|
|
|
|
|
Losses on change in equity
|
|
|
36,013
|
|
|
|
45,654
|
|
Losses on liquidation of equity securities of subsidiaries
|
|
|
|
|
|
|
5,313
|
|
Losses on exchange of shares of affiliates
|
|
|
|
|
|
|
4,538
|
|
Losses on sales of equity securities of subsidiaries
|
|
|
|
|
|
|
226
|
|
|
|
|
|
|
|
|
|
|
Profits before income taxes
|
|
|
1,498,769
|
|
|
|
1,303,228
|
|
|
|
|
|
|
|
|
|
|
Income taxes-current
|
|
|
424,814
|
|
|
|
319,060
|
|
Income taxes-deferred
|
|
|
35,389
|
|
|
|
23,116
|
|
|
|
|
|
|
|
|
|
|
Total taxes
|
|
|
460,204
|
|
|
|
342,177
|
|
|
|
|
|
|
|
|
|
|
Profits
|
|
|
1,038,565
|
|
|
|
961,050
|
|
|
|
|
|
|
|
|
|
|
Profits attributable to non-controlling interests
|
|
|
87,162
|
|
|
|
34,609
|
|
|
|
|
|
|
|
|
|
|
Profits attributable to owners of parent
|
|
|
951,402
|
|
|
|
926,440
|
|
|
|
|
|
|
|
|
|
|
8
Mitsubishi UFJ Financial Group, Inc.
Consolidated Statements of Comprehensive Income
|
|
|
|
|
|
|
|
|
(in millions of yen)
|
|
For the fiscal
year
ended
March 31, 2016
|
|
|
For the fiscal
year
ended
March 31, 2017
|
|
Profits
|
|
|
1,038,565
|
|
|
|
961,050
|
|
Other comprehensive income
|
|
|
|
|
|
|
|
|
Net unrealized gains (losses) on available-for-sale securities
|
|
|
(346,220
|
)
|
|
|
(278,689
|
)
|
Net deferred gains (losses) on hedging instruments
|
|
|
252,671
|
|
|
|
(212,449
|
)
|
Land revaluation excess
|
|
|
7,055
|
|
|
|
(21
|
)
|
Foreign currency translation adjustments
|
|
|
(214,273
|
)
|
|
|
(145,331
|
)
|
Remeasurements of defined benefit plans
|
|
|
(141,896
|
)
|
|
|
134,560
|
|
Share of other comprehensive income of associates accounted for using equity method
|
|
|
24,759
|
|
|
|
(128,510
|
)
|
|
|
|
|
|
|
|
|
|
Total other comprehensive income
|
|
|
(417,903
|
)
|
|
|
(630,441
|
)
|
|
|
|
|
|
|
|
|
|
Comprehensive income
|
|
|
620,662
|
|
|
|
330,609
|
|
|
|
|
|
|
|
|
|
|
(Comprehensive income attributable to)
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to owners of the parent
|
|
|
556,163
|
|
|
|
303,054
|
|
Comprehensive income attributable to non-controlling interests
|
|
|
64,498
|
|
|
|
27,554
|
|
9
Mitsubishi UFJ Financial Group, Inc.
(3) Consolidated Statements of Changes in Net Assets
For the fiscal year ended March 31, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions of yen)
|
|
|
|
Shareholders equity
|
|
|
Accumulated other
comprehensive income
|
|
|
|
Capital
stock
|
|
|
Capital
surplus
|
|
|
Retained
earnings
|
|
|
Treasury
stock
|
|
|
Total
shareholders
equity
|
|
|
Net
unrealized
gains
(losses) on
available-
for-sale
securities
|
|
|
Net
deferred
gains
(losses) on
hedging
instruments
|
|
Balance at the beginning of the period
|
|
|
2,141,513
|
|
|
|
1,428,403
|
|
|
|
7,860,410
|
|
|
|
(101,661
|
)
|
|
|
11,328,666
|
|
|
|
2,835,091
|
|
|
|
83,194
|
|
Changes during the period
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash dividends
|
|
|
|
|
|
|
|
|
|
|
(251,392
|
)
|
|
|
|
|
|
|
(251,392
|
)
|
|
|
|
|
|
|
|
|
Profits attributable to owners of parent
|
|
|
|
|
|
|
|
|
|
|
951,402
|
|
|
|
|
|
|
|
951,402
|
|
|
|
|
|
|
|
|
|
Repurchase of treasury stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(200,077
|
)
|
|
|
(200,077
|
)
|
|
|
|
|
|
|
|
|
Disposal of treasury stock
|
|
|
|
|
|
|
(1,182
|
)
|
|
|
|
|
|
|
2,815
|
|
|
|
1,633
|
|
|
|
|
|
|
|
|
|
Reversal of land revaluation excess
|
|
|
|
|
|
|
|
|
|
|
3,042
|
|
|
|
|
|
|
|
3,042
|
|
|
|
|
|
|
|
|
|
Changes of application of equity method
|
|
|
|
|
|
|
|
|
|
|
24,394
|
|
|
|
|
|
|
|
24,394
|
|
|
|
|
|
|
|
|
|
Changes in subsidiaries equity
|
|
|
|
|
|
|
(1,584
|
)
|
|
|
|
|
|
|
|
|
|
|
(1,584
|
)
|
|
|
|
|
|
|
|
|
Changes in foreign affiliates interests in their subsidiaries
|
|
|
|
|
|
|
|
|
|
|
(278
|
)
|
|
|
|
|
|
|
(278
|
)
|
|
|
|
|
|
|
|
|
Net changes of items other than shareholders equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(348,464
|
)
|
|
|
254,103
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total changes during the period
|
|
|
|
|
|
|
(2,766
|
)
|
|
|
727,168
|
|
|
|
(197,261
|
)
|
|
|
527,140
|
|
|
|
(348,464
|
)
|
|
|
254,103
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at the end of the period
|
|
|
2,141,513
|
|
|
|
1,425,637
|
|
|
|
8,587,578
|
|
|
|
(298,922
|
)
|
|
|
11,855,806
|
|
|
|
2,486,627
|
|
|
|
337,297
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions of yen)
|
|
|
|
Accumulated other comprehensive income
|
|
|
Subscription
rights to
shares
|
|
|
Non-
controlling
interests
|
|
|
Total net
assets
|
|
|
|
Land
revaluation
excess
|
|
|
Foreign
currency
translation
adjustments
|
|
|
Remeasurements
of defined
benefit plans
|
|
|
Total
accumulated
other
comprehensive
income
|
|
|
|
|
Balance at the beginning of the period
|
|
|
172,350
|
|
|
|
951,547
|
|
|
|
(52,909
|
)
|
|
|
3,989,274
|
|
|
|
8,271
|
|
|
|
1,961,322
|
|
|
|
17,287,533
|
|
Changes during the period
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash dividends
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(251,392
|
)
|
Profits attributable to owners of parent
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
951,402
|
|
Repurchase of treasury stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(200,077
|
)
|
Disposal of treasury stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,633
|
|
Reversal of land revaluation excess
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,042
|
|
Changes of application of equity method
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,394
|
|
Changes in subsidiaries equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,584
|
)
|
Changes in foreign affiliates interests in their subsidiaries
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(278
|
)
|
Net changes of items other than shareholders equity
|
|
|
4,013
|
|
|
|
(160,146
|
)
|
|
|
(136,616
|
)
|
|
|
(387,110
|
)
|
|
|
(10
|
)
|
|
|
(40,783
|
)
|
|
|
(427,904
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total changes during the period
|
|
|
4,013
|
|
|
|
(160,146
|
)
|
|
|
(136,616
|
)
|
|
|
(387,110
|
)
|
|
|
(10
|
)
|
|
|
(40,783
|
)
|
|
|
99,236
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at the end of the period
|
|
|
176,364
|
|
|
|
791,401
|
|
|
|
(189,526
|
)
|
|
|
3,602,163
|
|
|
|
8,260
|
|
|
|
1,920,538
|
|
|
|
17,386,769
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10
Mitsubishi UFJ Financial Group, Inc.
For the fiscal year ended March 31, 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions of yen)
|
|
|
|
Shareholders equity
|
|
|
Accumulated other
comprehensive income
|
|
|
|
Capital
stock
|
|
|
Capital
surplus
|
|
|
Retained
earnings
|
|
|
Treasury
stock
|
|
|
Total
shareholders
equity
|
|
|
Net
unrealized
gains
(losses) on
available-
for-sale
securities
|
|
|
Net
deferred
gains
(losses) on
hedging
instruments
|
|
Balance at the beginning of the period
|
|
|
2,141,513
|
|
|
|
1,425,637
|
|
|
|
8,587,578
|
|
|
|
(298,922
|
)
|
|
|
11,855,806
|
|
|
|
2,486,627
|
|
|
|
337,297
|
|
Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates
|
|
|
|
|
|
|
|
|
|
|
8,464
|
|
|
|
|
|
|
|
8,464
|
|
|
|
|
|
|
|
|
|
Restated balance
|
|
|
2,141,513
|
|
|
|
1,425,637
|
|
|
|
8,596,043
|
|
|
|
(298,922
|
)
|
|
|
11,864,271
|
|
|
|
2,486,627
|
|
|
|
337,297
|
|
Changes during the period
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash dividends
|
|
|
|
|
|
|
|
|
|
|
(246,557
|
)
|
|
|
|
|
|
|
(246,557
|
)
|
|
|
|
|
|
|
|
|
Profits attributable to owners of parent
|
|
|
|
|
|
|
|
|
|
|
926,440
|
|
|
|
|
|
|
|
926,440
|
|
|
|
|
|
|
|
|
|
Repurchase of treasury stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(217,688
|
)
|
|
|
(217,688
|
)
|
|
|
|
|
|
|
|
|
Disposal of treasury stock
|
|
|
|
|
|
|
(936
|
)
|
|
|
|
|
|
|
3,350
|
|
|
|
2,414
|
|
|
|
|
|
|
|
|
|
Reversal of land revaluation excess
|
|
|
|
|
|
|
|
|
|
|
2,619
|
|
|
|
|
|
|
|
2,619
|
|
|
|
|
|
|
|
|
|
Changes in subsidiaries equity
|
|
|
|
|
|
|
(12,614
|
)
|
|
|
|
|
|
|
|
|
|
|
(12,614
|
)
|
|
|
|
|
|
|
|
|
Net changes of items other than shareholders equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(302,029
|
)
|
|
|
(211,612
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total changes during the period
|
|
|
|
|
|
|
(13,550
|
)
|
|
|
682,503
|
|
|
|
(214,337
|
)
|
|
|
454,614
|
|
|
|
(302,029
|
)
|
|
|
(211,612
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at the end of the period
|
|
|
2,141,513
|
|
|
|
1,412,087
|
|
|
|
9,278,546
|
|
|
|
(513,260
|
)
|
|
|
12,318,885
|
|
|
|
2,184,597
|
|
|
|
125,684
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions of yen)
|
|
|
|
Accumulated other comprehensive income
|
|
|
|
|
|
|
|
|
|
|
|
|
Land
revaluation
excess
|
|
|
Foreign
currency
translation
adjustments
|
|
|
Remeasurements
of defined
benefit plans
|
|
|
Debt value
adjustments
of foreign
subsidiaries
and
affiliates
|
|
|
Total
accumulated
other
comprehensive
income
|
|
|
Subscription
rights to
shares
|
|
|
Non-
controlling
interests
|
|
|
Total net
assets
|
|
Balance at the beginning of the period
|
|
|
176,364
|
|
|
|
791,401
|
|
|
|
(189,526
|
)
|
|
|
|
|
|
|
3,602,163
|
|
|
|
8,260
|
|
|
|
1,920,538
|
|
|
|
17,386,769
|
|
Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(8,464
|
)
|
|
|
(8,464
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
Restated balance
|
|
|
176,364
|
|
|
|
791,401
|
|
|
|
(189,526
|
)
|
|
|
(8,464
|
)
|
|
|
3,593,699
|
|
|
|
8,260
|
|
|
|
1,920,538
|
|
|
|
17,386,769
|
|
Changes during the period
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash dividends
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(246,557
|
)
|
Profits attributable to owners of parent
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
926,440
|
|
Repurchase of treasury stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(217,688
|
)
|
Disposal of treasury stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,414
|
|
Reversal of land revaluation excess
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,619
|
|
Changes in subsidiaries equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(12,614
|
)
|
Net changes of items other than shareholders equity
|
|
|
(2,641
|
)
|
|
|
(233,062
|
)
|
|
|
124,427
|
|
|
|
(7,399
|
)
|
|
|
(632,317
|
)
|
|
|
(7,853
|
)
|
|
|
(542,819
|
)
|
|
|
(1,182,989
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total changes during the period
|
|
|
(2,641
|
)
|
|
|
(233,062
|
)
|
|
|
124,427
|
|
|
|
(7,399
|
)
|
|
|
(632,317
|
)
|
|
|
(7,853
|
)
|
|
|
(542,819
|
)
|
|
|
(728,375
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at the end of the period
|
|
|
173,723
|
|
|
|
558,339
|
|
|
|
(65,098
|
)
|
|
|
(15,863
|
)
|
|
|
2,961,382
|
|
|
|
407
|
|
|
|
1,377,719
|
|
|
|
16,658,394
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11
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, 2016
|
|
|
March 31, 2017
|
|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
Profits before income taxes
|
|
|
1,498,769
|
|
|
|
1,303,228
|
|
Depreciation and amortization
|
|
|
298,527
|
|
|
|
316,411
|
|
Impairment losses
|
|
|
13,415
|
|
|
|
10,162
|
|
Amortization of goodwill
|
|
|
16,931
|
|
|
|
16,737
|
|
Equity in losses (gains) of equity method investees
|
|
|
(230,415
|
)
|
|
|
(244,453
|
)
|
Increase (decrease) in allowance for credit losses
|
|
|
71,084
|
|
|
|
(92,783
|
)
|
Increase (decrease) in reserve for bonuses
|
|
|
955
|
|
|
|
(285
|
)
|
Increase (decrease) in reserve for bonuses to directors
|
|
|
(58
|
)
|
|
|
202
|
|
Increase (decrease) in reserve for stocks payment
|
|
|
|
|
|
|
10,400
|
|
Decrease (increase) in net defined benefit assets
|
|
|
(88,908
|
)
|
|
|
(92,720
|
)
|
Increase (decrease) in net defined benefit liabilities
|
|
|
(2,255
|
)
|
|
|
1,652
|
|
Increase (decrease) in reserve for retirement benefits to directors
|
|
|
27
|
|
|
|
14
|
|
Increase (decrease) in reserve for loyalty award credits
|
|
|
1,313
|
|
|
|
959
|
|
Increase (decrease) in reserve for contingent losses
|
|
|
5,572
|
|
|
|
175,716
|
|
Interest income recognized on statement of income
|
|
|
(2,769,248
|
)
|
|
|
(2,888,134
|
)
|
Interest expenses recognized on statement of income
|
|
|
655,735
|
|
|
|
863,677
|
|
Losses (gains) on securities
|
|
|
(221,235
|
)
|
|
|
(181,811
|
)
|
Losses (gains) on money held in trust
|
|
|
(10,689
|
)
|
|
|
8,771
|
|
Foreign exchange losses (gains)
|
|
|
1,439,205
|
|
|
|
459,763
|
|
Losses (gains) on sales of fixed assets
|
|
|
(9,171
|
)
|
|
|
(8,200
|
)
|
Net decrease (increase) in trading assets
|
|
|
49,544
|
|
|
|
(1,737,675
|
)
|
Net increase (decrease) in trading liabilities
|
|
|
1,980,093
|
|
|
|
1,448,201
|
|
Net decrease (increase) in unsettled trading accounts
|
|
|
(821,034
|
)
|
|
|
(50,814
|
)
|
Net decrease (increase) in loans and bills discounted
|
|
|
(4,990,628
|
)
|
|
|
4,065,265
|
|
Net increase (decrease) in deposits
|
|
|
7,888,704
|
|
|
|
10,427,476
|
|
Net increase (decrease) in negotiable certificates of deposit
|
|
|
(4,482,406
|
)
|
|
|
(242,013
|
)
|
Net increase (decrease) in borrowed money (excluding subordinated borrowings)
|
|
|
(1,362,550
|
)
|
|
|
4,551,643
|
|
Net decrease (increase) in due from banks (excluding cash equivalents)
|
|
|
80,699
|
|
|
|
802,579
|
|
Net decrease (increase) in call loans and bills bought and others
|
|
|
(633,599
|
)
|
|
|
(1,413,158
|
)
|
Net decrease (increase) in receivables under securities borrowing transactions
|
|
|
(1,438,094
|
)
|
|
|
(5,203,785
|
)
|
Net increase (decrease) in call money and bills sold and others
|
|
|
(435,883
|
)
|
|
|
(3,999,428
|
)
|
Net increase (decrease) in commercial papers
|
|
|
119,203
|
|
|
|
33,847
|
|
Net increase (decrease) in payables under securities lending transactions
|
|
|
(3,446,893
|
)
|
|
|
850,842
|
|
Net decrease (increase) in foreign exchanges (assets)
|
|
|
380,193
|
|
|
|
(302,389
|
)
|
Net increase (decrease) in foreign exchanges (liabilities)
|
|
|
544,080
|
|
|
|
(81,641
|
)
|
Net increase (decrease) in short-term bonds payable
|
|
|
(37,019
|
)
|
|
|
95,507
|
|
Net increase (decrease) in issuance and redemption of unsubordinated bonds payable
|
|
|
649,951
|
|
|
|
422,720
|
|
Net increase (decrease) in due to trust accounts
|
|
|
10,112,737
|
|
|
|
(3,402,151
|
)
|
Interest income (cash basis)
|
|
|
2,897,378
|
|
|
|
3,023,722
|
|
Interest expenses (cash basis)
|
|
|
(654,026
|
)
|
|
|
(847,418
|
)
|
Others
|
|
|
175,151
|
|
|
|
(684,097
|
)
|
|
|
|
|
|
|
|
|
|
Sub-total
|
|
|
7,245,155
|
|
|
|
7,416,541
|
|
|
|
|
|
|
|
|
|
|
Income taxes
|
|
|
(537,036
|
)
|
|
|
(427,841
|
)
|
Refund of income taxes
|
|
|
46,308
|
|
|
|
24,364
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities
|
|
|
6,754,428
|
|
|
|
7,013,064
|
|
|
|
|
|
|
|
|
|
|
12
Mitsubishi UFJ Financial Group, Inc.
|
|
|
|
|
|
|
|
|
|
|
For the fiscal year
|
|
|
For the fiscal year
|
|
|
|
ended
|
|
|
ended
|
|
(in millions of yen)
|
|
March 31, 2016
|
|
|
March 31, 2017
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
Purchases of securities
|
|
|
(86,422,400
|
)
|
|
|
(56,618,395
|
)
|
Proceeds from sales of securities
|
|
|
60,274,528
|
|
|
|
39,602,665
|
|
Proceeds from redemption of securities
|
|
|
28,452,434
|
|
|
|
26,428,256
|
|
Payments for increase in money held in trust
|
|
|
(641,740
|
)
|
|
|
(763,127
|
)
|
Proceeds from decrease in money held in trust
|
|
|
672,854
|
|
|
|
615,931
|
|
Purchases of tangible fixed assets
|
|
|
(116,931
|
)
|
|
|
(121,733
|
)
|
Purchases of intangible fixed assets
|
|
|
(231,615
|
)
|
|
|
(249,744
|
)
|
Proceeds from sales of tangible fixed assets
|
|
|
35,494
|
|
|
|
31,815
|
|
Proceeds from sales of intangible fixed assets
|
|
|
166
|
|
|
|
2,890
|
|
Payments for acquisition of subsidiaries equity affecting the scope of consolidation
|
|
|
|
|
|
|
(21,954
|
)
|
Proceeds from acquisition of subsidiaries equity affecting the scope of consolidation
|
|
|
218,639
|
|
|
|
|
|
Proceeds from sales of subsidiaries equity affecting the scope of consolidation
|
|
|
|
|
|
|
2,761
|
|
Others
|
|
|
(1,221
|
)
|
|
|
(1,815
|
)
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities
|
|
|
2,240,209
|
|
|
|
8,907,549
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
Proceeds from subordinated borrowings
|
|
|
38,000
|
|
|
|
31,000
|
|
Repayments of subordinated borrowings redemption
|
|
|
(92,500
|
)
|
|
|
(50,592
|
)
|
Proceeds from issuance of subordinated bonds payable and bonds with warrants
|
|
|
793,218
|
|
|
|
837,401
|
|
Payments for redemption of subordinated bonds payable and bonds with warrants
|
|
|
(294,460
|
)
|
|
|
(476,943
|
)
|
Proceeds from issuance of common stock to non-controlling shareholders
|
|
|
1,081
|
|
|
|
1,195
|
|
Repayments to non-controlling shareholders
|
|
|
|
|
|
|
(854
|
)
|
Payments for redemption of preferred securities
|
|
|
|
|
|
|
(468,956
|
)
|
Dividends paid by MUFG
|
|
|
(251,497
|
)
|
|
|
(246,563
|
)
|
Dividends paid by subsidiaries to non-controlling shareholders
|
|
|
(94,825
|
)
|
|
|
(77,008
|
)
|
Purchases of treasury stock
|
|
|
(200,053
|
)
|
|
|
(217,666
|
)
|
Proceeds from sales of treasury stock
|
|
|
1
|
|
|
|
3
|
|
Payments for purchases of subsidiaries equity not affecting the scope of consolidation
|
|
|
(4,572
|
)
|
|
|
(1,612
|
)
|
Proceeds from sales of subsidiaries equity not affecting the scope of consolidation
|
|
|
|
|
|
|
0
|
|
Others
|
|
|
3
|
|
|
|
4
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities
|
|
|
(105,602
|
)
|
|
|
(670,592
|
)
|
|
|
|
|
|
|
|
|
|
Effect of foreign exchange rate changes on cash and cash equivalents
|
|
|
(115,214
|
)
|
|
|
(45,486
|
)
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
8,773,820
|
|
|
|
15,204,534
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at the beginning of the period
|
|
|
9,990,035
|
|
|
|
18,763,856
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at the end of the period
|
|
|
18,763,856
|
|
|
|
33,968,391
|
|
|
|
|
|
|
|
|
|
|
13
Mitsubishi UFJ Financial Group, Inc.