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MUFG Mitsubishi UFJ Financial

Filed: 17 May 21, 6:13am

 

 

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 2021

Commission File No. 000-54189

 

 

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

 

 

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

Tokyo 100-8330, Japan

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or

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

Form 20-F      X      Form 40-F              

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

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

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

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

 

 

 


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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.


SIGNATURES

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

Date: May 17, 2021

 

Mitsubishi UFJ Financial Group, Inc.
By: 

/s/ Ken Aikawa

Name: Ken Aikawa
Title: 

Managing Director, Head of
Documentation & Corporate

Secretary Department,

Corporate Administration Division


LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the fiscal year ended March 31, 2021

May 17, 2021

 

Company name:

  Mitsubishi UFJ Financial Group, Inc.

Stock exchange listings:

  Tokyo, Nagoya, New York

Code number:

  8306

URL

  https://www.mufg.jp/

Representative:

  Hironori Kamezawa, President & Group CEO

For inquiry:

  

Masahisa Takahashi, Managing Director,
Head of Financial Accounting Office, Financial Planning Division

  TEL (03) 5218-8890

General meeting of shareholders:

  June 29, 2021

Dividend payment date:

  June 30, 2021

Securities report issuing date:

  June 29, 2021

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, 2021

 

(1)

Results of Operations

 

   ( % represents the change from the previous fiscal year) 
   Ordinary Income  Ordinary Profits  Profits Attributable to
Owners of Parent
 
   million yen       %      million yen       %      million yen       %     

Fiscal year ended

          

March 31, 2021

   6,025,336    (17.5  1,053,610    (14.7  777,018    47.1 

March 31, 2020

   7,299,078    9.0   1,235,770    (8.3  528,151    (39.5

 

(*)

Comprehensive income

                March 31, 2021: 1,324,655 million yen     388.0 %                 ;         March 31, 2020: 271,456 million yen     (60.5) %

 

  Basic earnings
per share
  Diluted earnings
per share
  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, 2021

  60.50   60.25   4.7   0.3   17.5 

March 31, 2020

  40.95   40.71   3.3   0.4   16.9 

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

                March 31, 2021: 321,761 million yen                                       ;       March 31, 2020: 277,221 million yen

 

(2)

Financial Conditions

 

   Total Assets   Total Net Assets  Equity-to-asset
ratio (*)
  Total Net Assets
per Common Stock
 
   million yen   million yen  %  yen 

As of

      

March 31, 2021

   359,473,515    17,716,257   4.7   1,308.12 

March 31, 2020

   336,571,379    16,855,738   4.8   1,245.33 

 

(Reference) Shareholders’ equity as of     March 31, 2021: 16,802,572 million yen ;     March 31, 2020: 15,990,834 million yen

 

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

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

 

(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, 2021

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

March 31, 2020

   8,060,840    (3,368,444  (251,664  78,335,634 

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 
  yen  yen  yen  yen  yen  million yen  %  % 

Fiscal year

        

ended March 31, 2020

  —     12.50   —     12.50   25.00   322,909   61.0   2.0 

ended March 31, 2021

  —     12.50   —     12.50   25.00   321,836   41.3   2.0 

ending March 31, 2022 (Forecast)

  —     13.50   —     13.50   27.00    40.8  

 

(*)

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, 2022 (Consolidated)

MUFG has set an earnings target of 850.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2022. 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.

øNotes

 

(1)

Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying change in scope of consolidation): No

 

(2)

Changes in accounting policies, changes in accounting estimates and restatements

(A) Changes in accounting policies due to revision of accounting standards: No

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

(C) Changes in accounting estimates: No

(D) Restatements: No

 

(3)

Number of common stocks outstanding at the end of the period

 

(A) Total stocks outstanding including treasury stocks:

  March 31, 2021   13,581,995,120 shares 
  March 31, 2020   13,581,995,120 shares 

(B) Treasury stocks:

  March 31, 2021   737,192,810 shares 
  March 31, 2020   741,363,277 shares 

(C) Average outstanding stocks:

  Fiscal year ended March 31, 2021   12,843,564,013 shares 
  Fiscal year ended March 31, 2020   12,897,317,425 shares 

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

*Notes for using forecasted information etc.

 

1.

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.

 

2.

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

   4 

2. Basic Views on Selection of Accounting Standards

   4 

3. Consolidated Financial Statements and Notes

   5 

(1) Consolidated Balance Sheets

   5 

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

   7 

(3) Consolidated Statements of Changes in Net Assets

   10 

(4) Consolidated Statements of Cash Flows

   12 

Notes to the Consolidated Financial Statements

   14 

Notes on Going-Concern Assumption

  

Changes in Accounting Policies

  

Additional Information

  

Segment Information

  

Per Share Information

  

Supplemental Information:

“Selected Financial Information under Japanese GAAP For the Fiscal Year Ended March 31, 2021”

 

(*)

The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet.

 

                       Internet Conference:  May 17, 2021 (Monday)
Explanation for investors and analysts:   May 19, 2021 (Wednesday)

 

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, 2021)

Consolidated gross profits for the fiscal year ended March 31, 2021 increased 11.6 billion yen from the previous fiscal year to 3,997.9 billion yen, mainly due to the establishment of sales activities under the COVID-19 pandemic as well as the consolidation of overseas subsidiaries, despite the impact by the pandemic. General and administrative expenses for the fiscal year ended March 31, 2021 decreased 52.3 billion yen from the previous fiscal year to 2,749.4 billion yen, due to cost reduction in expenses for domestic and overseas. As a result, net operating profits increased 63.9 billion yen from the previous fiscal year to 1,248.4 billion yen.

Total credit costs for the fiscal year ended March 31, 2021 deteriorated 292.5 billion yen from the previous fiscal year, mainly due to the allowance recorded associated with increased credit risk by expansion of COVID-19 as well as the provisions built according to the new accounting standards in major overseas subsidiaries. Net gains on equity securities increased 98.9 billion yen from the previous fiscal year, mainly due to the lack of losses on write-down of equity securities recorded previous year. Other non-recurring losses deteriorated 97.0 billion yen from the previous fiscal year, mostly due to an increase in cost of retirement benefits. As a result, ordinary profits for the fiscal year ended March 31, 2021 decreased 182.1 billion yen from the previous fiscal year to 1,053.6 billion yen. Net extraordinary losses for the fiscal year ended March 31, 2021 improved 394.7 billion yen, mainly due to the lack of one-time amortization of goodwill recorded previous year. As a result, profits attributable to owners of parent for the fiscal year ended March 31, 2021 was 777.0 billion yen, an increase of 248.8 billion yen from the previous fiscal year.

 

(in billions of Japanese yen)  For the fiscal year
ended
March 31, 2021
  For the fiscal year
ended
March 31, 2020
  Increase
(Decrease)
 

Gross profits
before credit costs for trust accounts

   3,997.9   3,986.3   11.6 

General and administrative expenses

   2,749.4   2,801.8   (52.3

Net operating profits
before credit costs for trust accounts and provision for general allowance for credit losses

   1,248.4   1,184.4   63.9 

Total credit costs

   (515.5  (222.9  (292.5

Net gains (losses) on equity securities

   130.2   31.3   98.9 

Equity in earnings of equity method investees

   321.7   277.2   44.5 

Other non-recurring gains (losses)

   (131.3  (34.2  (97.0

Ordinary profits

   1,053.6   1,235.7   (182.1

Net extraordinary gains (losses)

   (11.5  (406.3  394.7 

Total taxes

   185.0   220.8   (35.8

Profits attributable to non-controlling interests

   79.9   80.3   (0.4

Profits attributable to owners of parent

   777.0   528.1   248.8 

 

2


Mitsubishi UFJ Financial Group, Inc.

 

(Impact of the COVID-19 pandemic on MUFG business)

At the beginning of this fiscal year, under a certain assumption, we estimated the impact of the COVID-19 pandemic on MUFG business on “net operating profits” and on “credit costs and net gains (losses) equity securities etc” to be (300.0) billion yen each on pre-tax profit.

Actually, the impact on “net operating profits” was approximately (100.0) billion yen due to the establishment of sales activities under the pandemic and additional reductions in operating expenses. On the other hand, the impact on “credit costs and net gains (losses) on equity securities etc” was almost same as we expected in the interim period.

 

    Estimated impact on pre-tax profit*
    

Announced on

May 15, 2020

  

Announced on

November 13, 2020

  FY2020 Results
    
Impact on net  Approx.  Approx.  Approx.
  operating profits  (300.0) billion yen  (200.0) billion yen  (100.0) billion yen
    
Impact on credit costs  Approx.  Approx.  Approx.
  and net gains (losses)  (300.0) billion yen  (330.0) billion yen  (330.0) billion yen
  on equity securities etc.         

* The above figures illustrate some of the major items that we expected to affect pre-tax profit as a result of the COVID-19 pandemic. Including the positive effects of response to environmental changes due to the COVID-19.

In the next fiscal year, the economy is expected to continue to recover as economic activity resumes under certain assumptions regarding the spread of the COVID-19 vaccine, restrictions on activity, and economic measures. However, as it is required to prevent the expansion of the pandemic, we expect the recovery pace will be moderate and may be different depends on each region. We set a target of 850.0 billion yen earnings target of profits attributable to the owners of parent for the fiscal year ending March 31, 2022 (Consolidated) based on the above outlook. Any outlook or assumption that we referred to or used to prepare our earnings target may prove inaccurate, and our earnings target may be revised or differ from the actual results to a significant extent depending on the actual timing of containment of the virus and the degree of its impact on the real economy, financial markets, etc., as well as on our business operations and financial condition. We intend to continue to monitor developments relating to the pandemic and, as necessary, revise the earnings target.

 

3


Mitsubishi UFJ Financial Group, Inc.

 

(2)   Analysis of financial condition

Total assets as of March 31, 2021 increased 22,902.1 billion yen from March 31, 2020 to 359,473.5 billion yen, and total net assets as of March 31, 2021 increased 860.5 billion yen from March 31, 2020 to 17,716.2 billion yen. The increase in total net assets was mainly due to an increase of net unrealized gains on available-for-sale securities.

With regard to major items of assets, loans and bills discounted as of March 31, 2021 decreased 1,931.5 billion yen from March 31, 2020 to 107.183.0 billion yen and securities as of March 31, 2021 increased 11,566.9 billion yen from March 31, 2020 to 77,122.0 billion yen. With regard to major items of liabilities, deposits as of March 31, 2021 increased 23,897.7 billion yen from March 31, 2019 to 211,521.2 billion yen.

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

 

(in millions of yen)  As of
    March 31, 2020    
  As of
    March 31, 2021    
 

Assets:

   

Cash and due from banks

   78,335,634   102,980,711 

Call loans and bills bought

   727,598   730,506 

Receivables under resale agreements

   24,104,564   13,942,910 

Receivables under securities borrowing transactions

   3,464,533   3,394,376 

Monetary claims bought

   6,583,403   5,982,876 

Trading assets

   20,250,172   20,552,367 

Money held in trust

   1,046,323   1,283,179 

Securities

   65,555,127   77,122,074 

Loans and bills discounted

   109,114,612   107,183,069 

Foreign exchanges

   1,741,290   1,915,010 

Other assets

   13,900,403   12,406,158 

Tangible fixed assets

   1,319,789   1,296,402 

Buildings

   341,984   321,965 

Land

   680,425   664,065 

Lease assets

   19,811   14,823 

Construction in progress

   34,733   45,881 

Other tangible fixed assets

   242,834   249,667 

Intangible fixed assets

   1,498,407   1,436,098 

Software

   552,291   571,905 

Goodwill

   283,672   273,092 

Lease assets

   22   1 

Other intangible fixed assets

   662,421   591,097 

Net defined benefit assets

   712,206   1,210,577 

Deferred tax assets

   127,516   137,988 

Customers’ liabilities for acceptances and guarantees

   8,830,436   9,004,749 

Allowance for credit losses

   (740,641  (1,105,541
  

 

 

  

 

 

 

Total assets

   336,571,379   359,473,515 
  

 

 

  

 

 

 

 

5


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)  As of
    March 31, 2020    
  As of
    March 31, 2021    
 

Liabilities:

   

Deposits

   187,623,551   211,521,257 

Negotiable certificates of deposit

   7,787,524   8,099,119 

Call money and bills sold

   3,671,100   2,330,808 

Payables under repurchase agreements

   31,692,711   24,483,519 

Payables under securities lending transactions

   1,058,042   836,351 

Commercial papers

   2,162,329   1,810,350 

Trading liabilities

   14,067,826   14,002,667 

Borrowed money

   24,651,574   31,110,465 

Foreign exchanges

   2,223,010   2,105,245 

Short-term bonds payable

   962,295   1,043,001 

Bonds payable

   13,464,472   12,908,505 

Due to trust accounts

   9,798,688   11,208,570 

Other liabilities

   10,407,459   9,754,731 

Reserve for bonuses

   110,964   118,358 

Reserve for bonuses to directors

   1,446   1,816 

Reserve for stocks payment

   11,298   10,915 

Net defined benefit liabilities

   86,547   88,914 

Reserve for retirement benefits to directors

   1,058   872 

Reserve for loyalty award credits

   31,247   18,312 

Reserve for contingent losses

   206,029   183,855 

Reserves under special laws

   4,269   4,642 

Deferred tax liabilities

   754,111   1,008,650 

Deferred tax liabilities for land revaluation

   107,641   101,577 

Acceptances and guarantees

   8,830,436   9,004,749 
  

 

 

  

 

 

 

Total liabilities

   319,715,640   341,757,258 
  

 

 

  

 

 

 

Net assets:

   

Capital stock

   2,141,513   2,141,513 

Capital surplus

   980,102   977,287 

Retained earnings

   10,855,798   11,200,087 

Treasury stock

   (505,518  (502,794
  

 

 

  

 

 

 

Total shareholders’ equity

   13,471,894   13,816,094 
  

 

 

  

 

 

 

Net unrealized gains (losses) on available-for-sale securities

   2,066,363   2,583,417 

Net deferred gains (losses) on hedging instruments

   189,342   131,566 

Land revaluation excess

   158,633   149,183 

Foreign currency translation adjustments

   300,838   9,953 

Remeasurements of defined benefit plans

   (159,766  163,189 

Debt value adjustments of foreign subsidiaries and affiliates

   (36,470  (50,832
  

 

 

  

 

 

 

Total accumulated other comprehensive income

   2,518,940   2,986,478 
  

 

 

  

 

 

 

Subscription rights to shares

   59   —   

Non-controlling interests

   864,844   913,684 
  

 

 

  

 

 

 

Total net assets

   16,855,738   17,716,257 
  

 

 

  

 

 

 

Total liabilities and net assets

   336,571,379   359,473,515 
  

 

 

  

 

 

 

 

6


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, 2020    
  For the fiscal year
ended
    March 31, 2021    
 

Ordinary income

   7,299,078   6,025,336 

Interest income

   3,841,301   2,678,691 

Interest on loans and bills discounted

   2,363,562   1,799,506 

Interest and dividends on securities

   692,854   469,693 

Interest on call loans and bills bought

   11,125   5,179 

Interest on receivables under resale agreements

   222,843   70,331 

Interest on receivables under securities borrowing transactions

   26,707   9,346 

Interest on deposits

   160,027   55,445 

Other interest income

   364,181   269,188 

Trust fees

   130,829   140,449 

Fees and commissions

   1,577,596   1,565,535 

Trading income

   203,724   350,065 

Other operating income

   912,686   653,934 

Other ordinary income

   632,939   636,661 

Gains on loans written-off

   95,275   67,224 

Others

   537,664   569,437 

Ordinary expenses

   6,063,308   4,971,726 

Interest expenses

   1,948,484   773,719 

Interest on deposits

   689,461   281,715 

Interest on negotiable certificates of deposit

   151,788   43,808 

Interest on call money and bills sold

   3,471   844 

Interest on payables under repurchase agreements

   341,923   75,314 

Interest on payables under securities lending transactions

   2,543   3,193 

Interest on commercial papers

   58,751   10,276 

Interest on borrowed money

   69,051   32,227 

Interest on short-term bonds payable

   8   100 

Interest on bonds payable

   298,960   265,274 

Other interest expenses

   332,523   60,964 

Fees and commissions

   236,329   230,822 

Trading expenses

   42,267   —   

Other operating expenses

   452,903    386,361  

General and administrative expenses

   2,793,921   2,786,505 

Other ordinary expenses

   589,401   794,317 

Provision for allowance for credit losses

   130,101   377,159 

Others

   459,299   417,157 
  

 

 

  

 

 

 

Ordinary profits

   1,235,770   1,053,610 
  

 

 

  

 

 

 

 

7


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)  For the fiscal year
ended
    March 31, 2020    
  For the fiscal year
ended
    March 31, 2021    
 

Extraordinary gains

   49,896   77,412 

Gains on disposition of fixed assets

   16,328   31,387 

Gains on change in equity

   —     38,680 

Gains on sales of shares of affiliates

   —     7,344 

Gains on sales of shares of subsidiaries

   31,462   —   

Gains on step acquisitions

   2,105   —   

Extraordinary losses

   456,223   88,987 

Losses on disposition of fixed assets

   14,658   14,759 

Losses on impairment of fixed assets

   65,786    41,240  

Provision for reserve for contingent liabilities from financial instruments transactions

   5   372 

Losses on change in equity

   21,311   16,580 

Losses on sales of shares of affiliates

   7,546   16,033 

Losses on sales of shares of subsidiaries

   3,546   —   

Amortization of goodwill

   343,368   —   
  

 

 

  

 

 

 

Profits before income taxes

   829,443   1,042,036 
  

 

 

  

 

 

 

Income taxes-current

   189,231   229,762 

Income taxes-deferred

   31,668   (44,694
  

 

 

  

 

 

 

Total taxes

   220,899   185,068 
  

 

 

  

 

 

 

Profits

   608,543   856,967 
  

 

 

  

 

 

 

Profits attributable to non-controlling interests

   80,392   79,949 
  

 

 

  

 

 

 

Profits attributable to owners of parent

   528,151   777,018 
  

 

 

  

 

 

 

 

8


Mitsubishi UFJ Financial Group, Inc.

 

Consolidated Statements of Comprehensive Income

 

(in millions of yen)  For the fiscal year
ended
    March 31, 2020    
  For the fiscal year
ended
    March 31, 2021    
 

Profits

   608,543   856,967 

Other comprehensive income

   

Net unrealized gains (losses) on available-for-sale securities

   (221,966  486,026 

Net deferred gains (losses) on hedging instruments

   71,314   (56,879

Land revaluation excess

   36   —   

Foreign currency translation adjustments

   (2,681  (148,051

Remeasurements of defined benefit plans

   (154,532  319,058 

Share of other comprehensive income of associates accounted for using equity method

   (29,257  (132,465
  

 

 

  

 

 

 

Total other comprehensive income

   (337,087     467,688 
  

 

 

  

 

 

 

Comprehensive income

   271,456   1,324,655 
  

 

 

  

 

 

 

(Comprehensive income attributable to)

   

Comprehensive income attributable to owners of parent

   177,138   1,254,959 

Comprehensive income attributable to non-controlling interests

   94,317   69,696 

 

9


Mitsubishi UFJ Financial Group, Inc.

 

(3) Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31, 2020

 

  (in millions of yen) 
  Shareholders’ equity  Accumulated other
comprehensive income
 
  Capital
stock
  Capital
surplus
  Retained
earnings
  Treasury
stock
  Total
shareholders’
equity
  Net
unrealized
gains
(losses)  on
available-
for-sale
securities
  Net
deferred
gains
(losses) on
hedging
instruments
 

Balance at the beginning of the period

  2,141,513   1,034,641   10,640,655   (516,649  13,300,160   2,249,231   122,516 

Cumulative effects of changes in accounting policies

    (17,550   (17,550  

Restated balance

  2,141,513   1,034,641   10,623,105   (516,649  13,282,610   2,249,231   122,516 

Changes during the period

       

Cash dividends

    (304,543   (304,543  

Profits attributable to owners of parent

    528,151    528,151   

Repurchase of treasury stock

     (50,022  (50,022  

Disposal of treasury stock

   (752   2,527   1,774   

Retirement of treasury stock

   (58,625   58,625   —     

Reversal of land revaluation excess

    9,084    9,084   

Changes in subsidiaries’equity

   4,839     4,839   

Net changes of items other than shareholders’ equity

       (182,867  66,825 
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Total changes during the period

  —     (54,538  232,692   11,130   189,284   (182,867  66,825 
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Balance at the end of the period

    2,141,513         980,102     10,855,798     (505,518      13,471,894       2,066,363      189,342 
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

 

  (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

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

Cumulative effects of changes in accounting policies

         (17,550

Restated balance

  167,681   339,713   (4,729  4,702   2,879,115   217   1,082,184   17,244,127 

Changes during the period

        

Cash dividends

         (304,543

Profits attributable to owners of parent

         528,151 

Repurchase of treasury stock

         (50,022

Disposal of treasury stock

         1,774 

Retirement of treasury stock

         —   

Reversal of land revaluation excess

         9,084 

Changes in subsidiaries’equity

         4,839 

Net changes of items other than shareholders’ equity

  (9,048  (38,874  (155,036  (41,173  (360,175  (157  (217,340  (577,673
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Total changes during the period

  (9,048  (38,874  (155,036  (41,173  (360,175  (157  (217,340  (388,388
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Balance at the end of the period

  158,633   300,838   (159,766  (36,470  2,518,940   59   864,844   16,855,738 
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

 

10


Mitsubishi UFJ Financial Group, Inc.

 

For the fiscal year ended March 31, 2021

 

                                                                                                                                            
  (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   980,102   10,855,798   (505,518  13,471,894   2,066,363   189,342 

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates

    (120,236   (120,236  

Restated balance

  2,141,513   980,102   10,735,561   (505,518  13,351,657   2,066,363   189,342 

Changes during the period

       

Cash dividends

    (321,837   (321,837  

Profits attributable to owners of parent

    777,018    777,018   

Repurchase of treasury stock

     (13  (13  

Disposal of treasury stock

   (7   2,737   2,730   

Reversal of land revaluation excess

    9,449    9,449   

Changes of application of equity method

    (104   (104  

Changes in subsidiaries’ equity

   (2,807    (2,807  

Net changes of items other than shareholders’ equity

               517,054   (57,775
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Total changes during the period

  —     (2,814  464,526   2,724   464,436   517,054   (57,775
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Balance at the end of the period

      2,141,513       977,287       11,200,087   (502,794      13,816,094   2,583,417           131,566 
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

 

                                                                                                                                
  (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

  158,633   300,838   (159,766  (36,470  2,518,940   59   864,844   16,855,738 

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates

        (24,806  (145,043

Restated balance

  158,633   300,838   (159,766  (36,470  2,518,940   59   840,037   16,710,695 

Changes during the period

        

Cash dividends

         (321,837

Profits attributable to owners of parent

         777,018 

Repurchase of treasury stock

         (13

Disposal of treasury stock

         2,730 

Reversal of land revaluation excess

         9,449 

Changes of application of equity method

         (104

Changes in subsidiaries’ equity

         (2,807

Net changes of items other than shareholders’ equity

  (9,449  (290,885  322,955   (14,361  467,538   (59  73,646   541,125 
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Total changes during the period

  (9,449  (290,885  322,955   (14,361  467,538   (59  73,646   1,005,561 
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Balance at the end of the period

  149,183   9,953   163,189   (50,832  2,986,478   —     913,684   17,716,257 
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

 

11


Mitsubishi UFJ Financial Group, Inc.

 

(4) Consolidated Statements of Cash Flows

 

(in millions of yen)      For the fiscal year    
ended
March 31, 2020
      For the fiscal year    
ended
March 31, 2021
 

Cash flows from operating activities:

   

Profits before income taxes

   829,443   1,042,036 

Depreciation and amortization

   330,371   338,617 

Impairment losses

   65,786   41,240 

Amortization of goodwill

   372,920   16,833 

Equity in losses (gains) of equity method investees

   (277,221  (321,761

Increase (decrease) in allowance for credit losses

   20,148   216,270 

Increase (decrease) in reserve for bonuses

   8,086   8,477 

Increase (decrease) in reserve for bonuses to directors

   5   410 

Increase (decrease) in reserve for stocks payment

   484   (383

Decrease (increase) in net defined benefit assets

   49,212   (387,415

Increase (decrease) in net defined benefit liabilities

   4,109   2,247 

Increase (decrease) in reserve for retirement benefits to directors

   (0  (185

Increase (decrease) in reserve for loyalty award credits

   12,519   (12,357

Increase (decrease) in reserve for contingent losses

   (59,390  (26,234

Interest income recognized on statement of income

   (3,841,301  (2,678,691

Interest expenses recognized on statement of income

   1,948,484   773,719 

Losses (gains) on securities

   (544,698  (240,645

Losses (gains) on money held in trust

   (8,476  56,796 

Foreign exchange losses (gains)

   847,932   (1,270,550

Losses (gains) on sales of fixed assets

   (1,669  (16,630

Net decrease (increase) in trading assets

   (4,120,479  (531,184

Net increase (decrease) in trading liabilities

   2,384,310   52,686 

Adjustment of unsettled trading accounts

   (240,582  555,568 

Net decrease (increase) in loans and bills discounted

   (227,530  1,092,978 

Net increase (decrease) in deposits

   6,503,304   24,839,332 

Net increase (decrease) in negotiable certificates of deposit

   (1,623,847  327,904 

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

   8,353,562   6,621,372 

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

   (12,772,206  10,364,263 

Net decrease (increase) in receivables under securities borrowing transactions

   (719,976  15,787 

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

   7,697,173   (8,133,589

Net increase (decrease) in commercial papers

   (158,147  (347,748

Net increase (decrease) in payables under securities lending transactions

   151,607   (214,910

Net decrease (increase) in foreign exchanges (assets)

   477,953   (181,308

Net increase (decrease) in foreign exchanges (liabilities)

   (48,568  (115,966

Net increase (decrease) in short-term bonds payable

   168,295   80,706 

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

   704,633   (287,095

Net increase (decrease) in due to trust accounts

   (483,538  1,409,881 

Interest income (cash basis)

   3,970,441   2,821,239 

Interest expenses (cash basis)

   (1,965,180  (844,633

Others

   395,291   (50,656
  

 

 

  

 

 

 

Sub-total

   8,203,259   35,016,420 
  

 

 

  

 

 

 

Income taxes

   (228,784  (236,321

Refund of income taxes

   86,365   124,847 
  

 

 

  

 

 

 

Net cash provided by (used in) operating activities

   8,060,840   34,904,946 
  

 

 

  

 

 

 

 

12


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)      For the fiscal year    
ended
March 31, 2020
      For the fiscal year    
ended
March 31, 2021
 

Cash flows from investing activities:

   

Purchases of securities

   (90,417,706  (116,742,577

Proceeds from sales of securities

   64,642,308   65,188,712 

Proceeds from redemption of securities

   23,887,868   42,121,240 

Payments for increase in money held in trust

   (810,487  (1,241,659

Proceeds from decrease in money held in trust

   701,517   901,330 

Purchases of tangible fixed assets

   (127,176  (133,671

Purchases of intangible fixed assets

   (318,853  (263,119

Proceeds from sales of tangible fixed assets

   70,574   49,226 

Proceeds from sales of intangible fixed assets

   1,922   8,223 

Payments for acquisition of businesses

   (559,561  (520

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

   (494,920  (23,239

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

   58,701   —   

Others

   (2,631  (4,289
  

 

 

  

 

 

 

Net cash provided by (used in) investing activities

   (3,368,444  (10,140,343
  

 

 

  

 

 

 

Cash flows from financing activities:

   

Proceeds from subordinated borrowings

   31,720   20,000 

Repayments of subordinated borrowings

   (67,945  (21,000

Proceeds from issuance of subordinated bonds payable and bonds with warrants

   586,670   272,742 

Payments for redemption of subordinated bonds payable and bonds with warrants

   (90,241  (381,454

Proceeds from issuance of common stock to non-controlling shareholders

   3,823   4,856 

Repayments to non-controlling shareholders

   —     (23

Payments for redemption of preferred securities

   (330,000  —   

Dividends paid by MUFG

   (304,535  (321,772

Dividends paid by subsidiaries to non-controlling shareholders

   (42,331  (14,826

Purchases of treasury stock

   (50,022  (13

Proceeds from sales of treasury stock

   2,291   2,143 

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

   (6,494  (0

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

   15,401   3,275 
  

 

 

  

 

 

 

Net cash provided by (used in) financing activities

   (251,664  (436,071
  

 

 

  

 

 

 

Effect of foreign exchange rate changes on cash and cash equivalents

   (311,992  316,544 
  

 

 

  

 

 

 

Net increase (decrease) in cash and cash equivalents

   4,128,739   24,645,076 
  

 

 

  

 

 

 

Cash and cash equivalents at the beginning of the period

   74,206,895   78,335,634 
  

 

 

  

 

 

 

Cash and cash equivalents at the end of the period

   78,335,634   102,980,711 
  

 

 

  

 

 

 

 

13


Mitsubishi UFJ Financial Group, Inc.

 

Notes to the Consolidated Financial Statements

(Notes on Going-Concern Assumption)

None.

(Changes in Accounting Policies)

  (Additional Information)

(Adoption of U.S. Accounting Standards Update (“ASU”) 2016-13, “Measurement of Credit Losses on Financial Instruments”)

Certain overseas subsidiaries which apply Generally Accepted Accounting Principles in the United States (“U.S. GAAP”) adopted ASU2016-13, “Measurement of Credit Losses on Financial Instruments” from the beginning of the current fiscal year. This update replaces the incurred loss impairment methodology in previous U.S. GAAP with a methodology that reflects expected credit losses, and full lifetime expected credit losses will be recognized upon initial recognition of a financial asset measured on an amortized cost basis by taking into account certain forecasted information such as macroeconomic indicators. In adopting the accounting standard, retained earnings were adjusted for the cumulative effect at the beginning of the current fiscal year.

As a result, at the beginning of the current fiscal year, allowance for credit losses increased by ¥172,363 million, retained earnings decreased by ¥118,374 million, and net assets per share decreased by ¥9.21.

(Additional Information)

(Estimated impact of the COVID-19 pandemic relating to provision for credit losses)

For the fiscal year ended March 31, 2020

MUFG Bank, Ltd. (“the Bank”), a major consolidated subsidiary of MUFG, and some of the Bank’s consolidated subsidiaries, recorded a provision for credit losses of ¥45,347 million by estimating the impact of the COVID-19 pandemic on credit risk, to the extent that such impact was considered not to have been reflected in the borrowers’ financial information, considering the expected impact of the pandemic on the borrowers’ financial performance and on the overall economic environment.

The process for preparing the recorded provision amount involved, among other things, determining the scope of borrowers (in terms of industry, geographical region, etc.) that were expected to be significantly affected, making certain assumptions relating to economic factors based on certain scenarios, and collectively estimating the degree to which the internal credit ratings assigned to borrowers in particular industries or geographic regions would be downgraded.

Since there was no precedent or established market view regarding the extent of the pandemic or the timing of containment of the pandemic available for reference, the Bank and some of its consolidated subsidiaries made certain assumptions, including that economic conditions recovering to the calendar 2019 level by some time around the end of calendar 2020 globally, and estimated the amount, as best as they could under the circumstances, based on, among other things, such assumptions, information available from external sources, and the approval of the appropriate management decision-making body given in accordance with prescribed internal rules.

 

14


Mitsubishi UFJ Financial Group, Inc.

 

For the fiscal year ended March 31, 2021

In calculating the allowance for credit losses, the Bank determine loss rates primarily by calculating a rate of loss based on a historical average of the credit loss rate or a historical average of the default probability derived from actual credit loss experience or actual bankruptcy experience and making necessary adjustments based on future projections and other factors. When making adjustments based on future loss projections and other factors to loss rates calculated based on historical loss experience, the subsidiaries take into account the rate of increase in the credit loss rate or the default probability in a more recent period, especially in light of the sudden and significant deterioration in economic environment under the COVID-19 pandemic. The amount of impact of these adjustments is 30,846 million yen.

Due to these adjustments based on future loss projections and other factors to loss rates calculated based on historical loss experience, which are made to reflect the credit risk for loans and other assets held as of the end of the fiscal year, are based on estimation relating to the economic environment with respect to which objective data are not readily available, in particular, future developments concerning the COVID-19 pandemic, which are expected to impact our transaction counterparties’ operating environment and the economic environment, remain subject to significant uncertainty. Accordingly, we make certain assumptions, including that the pace of future economic recovery would be generally gradual, although the pace may vary from country to country, as balancing economic activity and pandemic control continues. The recorded allowance represents our best estimate made in a manner designed to ensure objectivity and rationality.

These assumptions change to reflect developments in the economic environment, and changes in the assumptions may result in an increase or decrease in the allowance for credit losses in the following fiscal year.

(Major overseas subsidiaries’ total credit costs which are expected to be reflected in MUFG’s consolidated financial statements as of and for the first quarter of the fiscal year ending March 31, 2022)

Major overseas subsidiaries which were consolidated based on their financial statements as of and for the quarter ended December 31, 2020 adopted ASU 2016-13, “Measurement of Credit Losses on Financial Instruments,” the new guidance that introduced the concept of current expected credit loss, as of the beginning of the first quarter of the fiscal year ending December 31, 2020. As a result, these subsidiaries record provision for allowance for credit losses by taking into account certain forecasted information such as macroeconomic indicators.

Under the new guidance, it is currently estimated that subsidiaries’ total credit costs for the quarter ended March 31, 2021 will be approximately ¥10 billion in total. The subsidiaries’ total credit costs will be reflected in MUFG’s consolidated financial statements as of and for the quarter ending June 30, 2021.

The definition of total credit costs is described in “1. Financial Results” of “Selected Financial Information under Japanese GAAP For the Fiscal Year Ended March 31, 2021”.

 

15


Mitsubishi UFJ Financial Group, Inc.

 

(Segment Information)

 

1.

Information on net revenue and operating profit (loss) for each reporting segment

For the Fiscal Year Ended March 31, 2021

 

   (in millions of yen) 
   Retail &
Commercial
Banking
Business
Group
   Japanese
Corporate
&
Investment
Banking
Business
Group
   Global
Corporate
&
Investment
Banking
Business
Group
   Global
Commercial
Banking
Business
Group
   Asset
Management
&
Investor
Services
Business
Group
   Total of
Customer
Business
   Global
Markets
Business
Group
   Other   Total 

Net revenue

   1,389,429    559,904    426,348    783,238    293,451    3,452,372    634,849    (4,946   4,082,275 

Operating expenses

   1,130,425    319,354    269,885    509,031    210,009    2,438,706    234,035    160,943    2,833,684 

Operating profit (loss)

   259,003    240,550    156,463    274,207    83,441    1,013,666    400,814    (165,889   1,248,590 

(Notes)

 

 1.

“Net revenue” in the above table is used in lieu of net sales generally used by Japanese non-financial companies.

 

 2.

“Net revenue” includes net interest income, trust fees, net fees and commissions, net trading profit, and net other operating profit.

 

 3.

“Operating expenses” includes personnel expenses and premise expenses.

 

 4.

Assets and liabilities of each reporting segment are not reported since MUFG does not allocate assets and liabilities among the segments for internal management purposes.

 

2.

Reconciliation of the total operating profit in each of the above tables to the ordinary profit in the consolidated statement of income for the corresponding fiscal year period

 

operating profit

  For the fiscal year ended
March 31,2021
 

Total operating profit of reporting segments

   1,248,590 

Operating profit of consolidated subsidiaries excluded from reporting segments

   (403

Provision for general allowance for credit losses

   (203,867

Credit related expenses

   (378,886

Gains on loans written-off

   67,224 

Net gains on equity securities and other securities

   130,273 

Equity in earnings of equity method investees

   321,761 

Others

   (131,079

Ordinary profit in the consolidated statement of income

   1,053,610 

 

16


Mitsubishi UFJ Financial Group, Inc.

 

(Per Share Information)

 

  For the fiscal year ended
March 31, 2021
 

Total equity per common share

  ¥1,308.12  

Basic earnings per common share

  ¥60.49  

Diluted earnings per common share

  ¥60.25  

(Notes)

 

1.

The bases for the calculation of basic earnings per common share and diluted earnings per common share for the periods indicated were as follows:

 

      

For the fiscal year ended

March 31, 2021

Basic earnings per common share

    

Profits attributable to owners of parent

  million yen  777,018 

Profits not attributable to common shareholders

  million yen  —   

Profits attributable to common shareholders of parent

  million yen  777,018 

Average number of common shares during the period

  thousand shares  12,843,564 

Diluted earnings per common share

    

Adjustment to profits attributable to owners of parent

  million yen  (3,175)

Adjustment related to dilutive shares of consolidated subsidiaries and others

  million yen  (3,175)

Increase in common shares

  thousand shares  —   

Subscription rights to shares

  thousand shares  —   

Description of antidilutive securities which were not included in the calculation of diluted earnings per share

    

Share subscription rights issued by equity method affiliates:

Morgan Stanley
Stock options
and others

- 5 million units as of December 31, 2020

2.  The bases for the calculation of total equity per common share for the period indicated were as follows:

 

      

As of March 31, 2021

Total equity

  million yen  17,716,257 

Deductions from total equity:

  million yen  913,684 

Subscription rights to shares

  million yen  —   

Non-controlling interests

  million yen  913,684 

Total equity attributable to common shares

  million yen  16,802,572 

Number of common shares at period end used for the calculation of total equity per common share

  thousand shares  12,844,802 

 

17


 

 

Selected Financial Information

under Japanese GAAP

For the Fiscal Year Ended March 31, 2021

 

 

 

 

 

 

 

 

 

Mitsubishi UFJ Financial Group, Inc.

    LOGO           


Mitsubishi UFJ Financial Group, Inc.

[Contents]       

 

1.  Financial Results

 

[ MUFG Consolidated ]*1[ BK and TB Combined ]*2*3*4

[ BK Consolidated ][ BK Non-consolidated ]

[ TB Consolidated ][ TB Non-consolidated ]

  1 

2.  Average Interest Rate Spread

 

[ BK Non-consolidated ][ TB Non-consolidated ]

[ BK and TB Combined ]

  7 

3.  Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

 

[ MUFG Consolidated ][ BK Consolidated ]

[ TB Consolidated ]

  8 

4.  Securities

 

[ MUFG Consolidated ]

[ BK Non-consolidated ][ TB Non-consolidated ]

  9 

5.  ROE

 [ MUFG Consolidated ]  12 

6.  Risk-Adjusted Capital Ratio

 

[ MUFG Consolidated ][ BK Consolidated ][ TB Consolidated ]

[ BK Non-consolidated ][ TB Non-consolidated ]

  13 

7.  Risk-Monitored Loans

 

[ MUFG Consolidated ]

[ BK Non-consolidated ][ TB Non-consolidated ]

[ TB Non-consolidated : Trust Account ]

  14 

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

 

[ BK and TB Combined including Trust Account ]

[ BK Non-consolidated ][ TB Non-consolidated ]

[ TB Non-consolidated : Trust Account ]

  18 

9.  Progress in Disposition of Problem Assets

 

[ BK Non-consolidated ]

[ TB Non-consolidated including Trust Account ]

  23 

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

 

[ BK and TB Combined including Trust Accounts ]

[ BK Non-consolidated ][ TB Non-consolidated ]

[ TB Non-consolidated : Trust Accounts ]

  25 

11.  Overseas Loans

 [ BK Consolidated excl. MUAH, KS, BDI ]*5*6*7  29 

12.  Loans and Deposits

 

[ BK and TB Combined ]

[ BK Non-consolidated ][ TB Non-consolidated ]

  30 

13.  Domestic Deposits

 

[ BK and TB Combined ]

[ BK Non-consolidated ][ TB Non-consolidated ]

  31 

14.  Status of Deferred Tax Assets

 [ BK Non-consolidated ][ TB Non-consolidated ]  32 

15.  Retirement Benefits

 

[ MUFG Consolidated ]

[ BK Non-consolidated ][ TB Non-consolidated ]

  34 
(Reference)  

1.  Financial Statements

 [ BK Non-consolidated ][ TB Non-consolidated ]  37 

 

(*1)

“MUFG” means Mitsubishi UFJ Financial Group, Inc.

(*2)

“BK” means MUFG Bank, Ltd.

(*3)

“TB” means Mitsubishi UFJ Trust and Banking Corporation.

(*4)

“BK and TB Combined” means simple sum of “BK” and “TB” without consolidation processes.

(*5)

“MUAH” means MUFG Americas Holdings Corporation.

(*6)

“KS” means Bank of Ayudhya Public Company Limited.

(*7)

“BDI” means PT Bank Danamon Indonesia, Tbk.


Mitsubishi UFJ Financial Group, Inc.

 

1. Financial Results

MUFG Consolidated

 

                                                                                 
   (in millions of yen) 
   For the fiscal year ended  Increase 
   March 31, 2021
(A)
  March 31, 2020
(B)
  (Decrease)
(A) - (B)
 

Gross profits

   3,997,912   3,986,304   11,608 

Gross profits before credit costs for trust accounts

   3,997,912   3,986,304   11,608 

Net interest income

   1,905,112   1,892,967   12,144 

Trust fees

   140,449   130,829   9,619 

Credit costs for trust accounts (1)

   (0  0   (0

Net fees and commissions

   1,334,712   1,341,266   (6,553

Net trading profits

   350,065   161,457   188,608 

Net other operating profits

   267,573   459,783   (192,210

Net gains (losses) on debt securities

   119,061   492,989   (373,927

General and administrative expenses

   2,749,489   2,801,858   (52,369

Amortization of goodwill

   16,833   29,551   (12,718

Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill

   1,265,257   1,213,997   51,259 

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

   1,248,423   1,184,445   63,978 

Provision for general allowance for credit losses (2)

   (203,867  (111,408  (92,459

Net operating profits*

   1,044,555   1,073,037   (28,481

Net non-recurring gains (losses)

   9,054   162,733   (153,678

Credit costs (3)

   (378,886  (214,966  (163,920

Losses on loan write-offs

   (188,852  (179,213  (9,638

Provision for specific allowance for credit losses

   (174,259  (18,237  (156,021

Other credit costs

   (15,775  (17,514  1,738 

Reversal of allowance for credit losses (4)

   —     —     —   

Reversal of reserve for contingent losses included in credit costs (5)

   —     8,148   (8,148

Gains on loans written-off (6)

   67,224   95,275   (28,051

Net gains (losses) on equity securities

   130,273   31,339   98,933 

Gains on sales of equity securities

   189,957   166,710   23,246 

Losses on sales of equity securities

   (51,585  (74,552  22,967 

Losses on write-down of equity securities

   (8,099  (60,817  52,718 

Equity in earnings of equity method investees

   321,761   277,221   44,539 

Other non-recurring gains (losses)

   (131,317  (34,286  (97,030
  

 

 

  

 

 

  

 

 

 

Ordinary profits

   1,053,610   1,235,770   (182,159
  

 

 

  

 

 

  

 

 

 

Net extraordinary gains (losses)

   (11,574  (406,326  394,752 

Net gains (losses) on disposition of fixed assets

   16,628   1,669   14,958 

Losses on impairment of fixed assets

   (41,240  (65,786  24,545 

Net gains (losses) on change in equity

   22,099   (21,311  43,410 

Losses on sales of shares of affiliates

   (16,033  —     (16,033

Gains on sales of shares of affiliates

   7,344   —     7,344 

Amortization of goodwill

   —     (343,368  343,368 

Gains on sales of shares of subsidiaries

   —     31,462   (31,462

Profits before income taxes

   1,042,036   829,443   212,592 

Income taxes-current

   229,762   189,231   40,531 

Income taxes-deferred

   (44,694  31,668   (76,362

Total taxes

   185,068   220,899   (35,831

Profits

   856,967   608,543   248,423 

Profits attributable to non-controlling interests

   79,949   80,392   (442
  

 

 

  

 

 

  

 

 

 

Profits attributable to owners of parent

   777,018   528,151   248,866 
  

 

 

  

 

 

  

 

 

 

Note:

    

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

  

(Reference)

    

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

   (515,530  (222,950  (292,579

Number of consolidated subsidiaries

   258   251   7 

Number of affiliated companies accounted for under the equity method

   53   54   (1

 

1


Mitsubishi UFJ Financial Group, Inc.

 

BK and TB Combined

 

                                                                                 
   (in millions of yen) 
   For the fiscal year ended  Increase 
   March 31, 2021
(A)
  March 31, 2020
(B)
  (Decrease)
(A) - (B)
 

Gross profits

   1,882,799   1,878,061   4,738 

Gross profits before credit costs for trust accounts

   1,882,799   1,878,061   4,738 

Domestic gross profits

   975,072   1,175,757   (200,684

Net interest income

   570,868   638,182   (67,314

Trust fees

   113,809   104,361   9,448 

Credit costs for trust accounts (1)

   (0  0   (0

Net fees and commissions

   339,017   341,116   (2,099

Net trading profits

   1,868   10,149   (8,281

Net other operating profits

   (50,490  81,948   (132,438

Net gains (losses) on debt securities

   (52,592  67,069   (119,661

Non-domestic gross profits

   907,727   702,304   205,422 

Net interest income

   405,483   292,159   113,324 

Net fees and commissions

   153,515   159,914   (6,399

Net trading profits

   105,390   11,641   93,749 

Net other operating profits

   243,337   238,588   4,748 

Net gains (losses) on debt securities

   149,481   420,698   (271,216

General and administrative expenses

   1,362,349   1,340,421   21,928 

Personnel expenses

   445,240   445,201   39 

Non-personnel expenses

   834,780   819,030   15,750 

Taxes

   82,328   76,189   6,138 

Net operating profits before credit costs for trust accounts and provision for general
allowance for credit losses

   520,449   537,640   (17,190

Provision for general allowance for credit losses (2)

   (90,752  —     (90,752

Net operating profits

   429,697   537,640   (107,943

Net non-recurring gains (losses)

   (94,414  72,120   (166,535

Credit costs (3)

   (141,707  (45,684  (96,023

Losses on loan write-offs

   (36,039  (28,918  (7,121

Provision for specific allowance for credit losses

   (85,082  —     (85,082

Other credit costs

   (20,585  (16,765  (3,819

Reversal of allowance for credit losses (4)

   8   18,859   (18,851

Reversal of reserve for contingent losses included in credit costs (5)

   95   4,861   (4,765

Gains on loans written-off (6)

   9,078   34,602   (25,524

Net gains (losses) on equity securities

   123,057   28,186   94,871 

Gains on sales of equity securities

   180,515   165,853   14,661 

Losses on sales of equity securities

   (50,947  (74,627  23,680 

Losses on write-down of equity securities

   (6,510  (63,039  56,529 

Other non-recurring gains (losses)

   (84,947  31,295   (116,242
  

 

 

  

 

 

  

 

 

 

Ordinary profits

   335,282   609,761   (274,478
  

 

 

  

 

 

  

 

 

 

Net extraordinary gains (losses)

   (243  (997,014  996,770 

Net gains (losses) on disposition of fixed assets

   17,670   3,368   14,302 

Losses on impairment of fixed assets

   (18,306  (31,917  13,611 

Losses on sales of shares of affiliates

   (1,978  —     (1,978

Losses on write-down of shares of subsidiaries

   —     (923,076  923,076 

Losses on write-down of shares of affiliates

   —     (54,314  54,314 

Income before income taxes

   335,039   (387,252  722,292 

Income taxes-current

   131,325   128,448   2,876 

Income taxes-deferred

   (37,168  24,290   (61,458

Total taxes

   94,156   152,739   (58,582
  

 

 

  

 

 

  

 

 

 

Net income

   240,882   (539,991  780,874 
  

 

 

  

 

 

  

 

 

 

(Reference)

    

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

   (223,277  12,639   (235,917

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities

   423,560   49,872   373,687 

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation

   438,141   50,157   387,983 

 

2


Mitsubishi UFJ Financial Group, Inc.

 

BK Consolidated

 

                                                                                 
   (in millions of yen) 
   For the fiscal year ended  Increase 
   March 31, 2021
(A)
  March 31, 2020
(B)
  (Decrease)
(A) - (B)
 

Gross profits

   2,698,690   2,741,881   (43,190

Net interest income

   1,598,960   1,605,029   (6,068

Trust fees

   12,249   12,810   (560

Net fees and commissions

   664,345   701,617   (37,272

Net trading profits

   163,959   43,290   120,669 

Net other operating profits

   259,176   379,134   (119,958

Net gains (losses) on debt securities

   134,431   483,799   (349,367

General and administrative expenses

   1,848,548   1,921,857   (73,309

Amortization of goodwill

   6,049   25,219   (19,169

Net operating profits before provision for general allowance for credit losses and amortization of goodwill

   856,192   845,243   10,948 

Net operating profits before provision for general allowance for credit losses

   850,142   820,023   30,118 

Provision for general allowance for credit losses (1)

   (209,101  (107,866  (101,235

Net operating profits*

   641,040   712,157   (71,117

Net non-recurring gains (losses)

   (210,152  (214  (209,938

Credit costs (2)

   (286,177  (109,577  (176,599

Losses on loan write-offs

   (110,545  (92,415  (18,129

Provision for specific allowance for credit losses

   (159,862  352   (160,214

Other credit costs

   (15,770  (17,514  1,744 

Reversal of allowance for credit losses (3)

   —     —     —   

Reversal of reserve for contingent losses included in credit costs (4)

   —     8,192   (8,192

Gains on loans written-off (5)

   44,649   73,713   (29,063

Net gains (losses) on equity securities

   86,956   15,018   71,938 

Gains on sales of equity securities

   131,889   123,577   8,311 

Losses on sales of equity securities

   (38,399  (53,215  14,815 

Losses on write-down of equity securities

   (6,532  (55,344  48,811 

Equity in earnings of equity method investees

   19,130   (2,468  21,599 

Other non-recurring gains (losses)

   (74,712  14,908   (89,620
  

 

 

  

 

 

  

 

 

 

Ordinary profits

   430,887   711,942   (281,055
  

 

 

  

 

 

  

 

 

 

Net extraordinary gains (losses)

   (6,524  (371,551  365,026 

Net gains (losses) on disposition of fixed assets

   16,947   3,770   13,176 

Losses on impairment of fixed assets

   (23,472  (58,849  35,377 

Amortization of goodwill

   —     (359,323  359,323 

Gains on sales of shares of subsidiaries

   —     31,462   (31,462

Profits before income taxes

   424,362   340,391   83,971 

Income taxes-current

   178,172   196,788   (18,616

Income taxes-deferred

   (81,769  4,047   (85,817

Total taxes

   96,402   200,836   (104,433

Profits

   327,960   139,555   188,404 

Profits attributable to non-controlling interests

   20,198   41,634   (21,435
  

 

 

  

 

 

  

 

 

 

Profits attributable to owners of parent

   307,761   97,921   209,840 
  

 

 

  

 

 

  

 

 

 
Note:    

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

 

(Reference)

    

Total credit costs (1)+(2)+(3)+(4)+(5)

   (450,629  (135,538  (315,091

Number of consolidated subsidiaries

   122   121   1 

Number of affiliated companies accounted for under the equity method

   44   42   2 

 

3


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

 

                                                                                 
   (in millions of yen) 
   For the fiscal year ended  Increase 
   March 31, 2021
(A)
  March 31, 2020
(B)
  (Decrease)
(A) - (B)
 

Gross profits

   1,551,105   1,546,255   4,849 

Domestic gross profits

   710,312   918,088   (207,775

Net interest income

   531,982   571,682   (39,700

Net fees and commissions

   242,348   248,564   (6,215

Net trading profits

   3,453   2,039   1,413 

Net other operating profits

   (67,472  95,801   (163,273

Net gains (losses) on debt securities

   (64,047  73,609   (137,657

Non-domestic gross profits

   840,792   628,167   212,625 

Net interest income

   314,559   246,112   68,446 

Net fees and commissions

   150,205   157,450   (7,244

Net trading profits

   104,996   10,434   94,561 

Net other operating profits

   271,031   214,169   56,862 

Net gains (losses) on debt securities

   180,690   404,863   (224,172

General and administrative expenses

   1,163,040   1,150,980   12,060 

Personnel expenses

   380,442   385,391   (4,949

Non-personnel expenses

   710,069   698,542   11,526 

Amortization of goodwill

   1,566   825   740 

Taxes

   72,529   67,046   5,482 

Net operating profits before provision for general allowance for credit losses and amortization of goodwill

   389,631   396,100   (6,469

Net operating profits before provision for general allowance for credit losses

   388,064   395,274   (7,210

Provision for general allowance for credit losses (1)

   (90,752  —     (90,752

Net operating profits

   297,311   395,274   (97,962

Net non-recurring gains (losses)

   (95,064  63,909   (158,974

Credit costs (2)

   (141,702  (45,675  (96,026

Reversal of allowance for credit losses (3)

   —     18,072   (18,072

Reversal of reserve for contingent losses included in credit costs (4)

   —     4,831   (4,831

Gains on loans written-off (5)

   9,078   34,590   (25,512

Net gains (losses) on equity securities

   84,019   11,157   72,861 

Gains on sales of equity securities

   125,788   119,616   6,171 

Losses on sales of equity securities

   (36,885  (52,959  16,074 

Losses on write-down of equity securities

   (4,884  (55,499  50,615 

Other non-recurring gains (losses)

   (46,460  40,933   (87,393
  

 

 

  

 

 

  

 

 

 

Ordinary profits

   202,247   459,184   (256,937
  

 

 

  

 

 

  

 

 

 

Net extraordinary gains (losses)

   3,336   (995,111  998,447 

Net gains (losses) on disposition of fixed assets

   17,719   3,082   14,636 

Losses on impairment of fixed assets

   (16,754  (29,644  12,889 

Losses on write-down of shares of subsidiaries

   —     (923,076  923,076 

Losses on write-down of shares of affiliates

   —     (54,314�� 54,314 

Income before income taxes

   205,583   (535,927  741,510 

Income taxes-current

   101,551   96,429   5,122 

Income taxes-deferred

   (40,447  20,716   (61,164

Total taxes

   61,103   117,145   (56,041
  

 

 

  

 

 

  

 

 

 

Net income

   144,479   (653,072  797,552 
  

 

 

  

 

 

  

 

 

 

(Reference)

    

Total credit costs (1)+(2)+(3)+(4)+(5)

   (223,376  11,818   (235,195

Provision for general allowance for credit losses

   (90,752  (42,875  (47,877

Provision for special allowance for credit losses

   (85,082  60,834   (145,916

Allowance for credit to specific foreign borrowers

   (374  113   (488

Losses on loans write-off

   (36,034  (28,909  (7,124

Provision for contingent losses included in credit costs

   (5,796  4,831   (10,627

Gains on loans written-off

   9,078   34,590   (25,512

Losses on sales of other loans, etc.

   (14,414  (16,765  2,351 

Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities

   271,421   (83,198  354,619 

Net operating profits before provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation

   275,955   (90,474  366,430 

 

4


Mitsubishi UFJ Financial Group, Inc.

 

TB Consolidated

 

                                                                                 
   (in millions of yen) 
   For the fiscal year ended  Increase 
   March 31, 2021
(A)
  March 31, 2020
(B)
  (Decrease)
(A) - (B)
 

Gross profits

   519,511   472,305   47,205 

Gross profits before credit costs for trust accounts

   519,511   472,304   47,206 

Trust fees

   128,566   118,336   10,230 

Trust fees before credit costs for trust accounts

   128,566   118,335   10,231 

Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)

   21,434   15,864   5,570 

Other trust fees

   107,131   102,471   4,660 

Credit costs for trust accounts (1)

   (0  0   (0

Net interest income

   116,540   95,501   21,039 

Net fees and commissions

   268,576   221,571   47,004 

Net trading profits

   5,297   13,887   (8,589

Net other operating profits

   529   23,008   (22,479

Net gains (losses) on debt securities

   (19,973  8,695   (28,669

General and administrative expenses

   365,112   322,364   42,747 

Amortization of goodwill

   10,780   4,951   5,829 

Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill

   165,179   154,891   10,288 

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

   154,399   149,940   4,458 

Provision for general allowance for credit losses (2)

   —     —     —   

Net operating profits*

   154,399   149,940   4,458 

Net non-recurring gains (losses)

   2,995   11,985   (8,990

Credit costs (3)

   (23  (59  35 

Losses on loan write-offs

   (25  (23  (1

Provision for specific allowance for credit losses

   —     —     —   

Other credit costs

   1   (35  36 

Reversal of allowance for credit losses (4)

   66   721   (654

Reversal of reserve for contingent losses included in credit costs (5)

   —     —     —   

Gains on loans written-off (6)

   13   66   (53

Net gains (losses) on equity securities

   39,187   19,626   19,561 

Gains on sales of equity securities

   54,726   48,777   5,949 

Losses on sales of equity securities

   (14,062  (21,682  7,620 

Losses on write-down of equity securities

   (1,477  (7,468  5,991 

Equity in earnings of equity method investees

   4,577   530   4,046 

Other non-recurring gains (losses)

   (40,825  (8,899  (31,926
  

 

 

  

 

 

  

 

 

 

Ordinary profits

   157,394   161,926   (4,532
  

 

 

  

 

 

  

 

 

 

Net extraordinary gains (losses)

   6,260   (1,585  7,846 

Net gains (losses) on disposition of fixed assets

   468   712   (244

Losses on impairment of fixed assets

   (1,552  (2,298  746 

Gains on sales of shares of affiliates

   7,344   —     7,344 

Profits before income taxes

   163,654   160,341   3,313 

Income taxes-current

   43,333   42,023   1,310 

Income taxes-deferred

   1,986   3,641   (1,654

Total taxes

   45,320   45,664   (344

Profits

   118,334   114,676   3,658 

Profits attributable to non-controlling interests

   399   448   (48
  

 

 

  

 

 

  

 

 

 

Profits attributable to owners of parent

   117,934   114,227   3,706 
  

 

 

  

 

 

  

 

 

 

Note:

    

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

  

(Reference)

    

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

   55   729   (673

Number of consolidated subsidiaries

   105   95   10 

Number of affiliated companies accounted for under the equity method

   5   7   (2

TB Consolidated(combined operating results of TB and transferred entities to Intermediate Holding Company in the United States) To comply with the financial regulations in the United States, TB transferred the interests in its subsidiaries in the United States to the Intermediate Holding Company(“IHC”) in United States which are owned by BK and MUFG.

 

The combined operating results of TB and transferred entities are as follows(the operating results of transferred entities are prepared for managerial accounting purpose):

 

 

Net operating profits before credit costs for trust accounts and provision for general
allowance for credit losses

   154,114   149,993   4,120 

Profits attributable to owners of parent

   117,615   114,699   2,916 

Number of the entities transferred to IHC

   4   4   —   

 

5


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

 

                                                                                 
   (in millions of yen) 
   For the fiscal year ended  Increase 
   March 31, 2021
(A)
  March 31, 2020
(B)
  (Decrease)
(A) - (B)
 

Gross profits

   331,694   331,806   (111

Gross profits before credit costs for trust accounts

   331,694   331,805   (111

Domestic gross profits

   264,760   257,669   7,091 

Trust fees

   113,809   104,361   9,448 

Trust fees before credit costs for trust accounts

   113,809   104,360   9,449 

Money trusts fees (Jointly operated designated money trusts before
credit costs for trust account)

   21,434   15,864   5,570 

Other trust fees

   92,375   88,496   3,878 

Credit costs for trust accounts (1)

   (0  0   (0

Net interest income

   38,885   66,499   (27,614

Net fees and commissions

   96,668   92,552   4,115 

Net trading profits

   (1,584  8,109   (9,694

Net other operating profits

   16,981   (13,853  30,834 

Net gains (losses) on debt securities

   11,455   (6,540  17,995 

Non-domestic gross profits

   66,934   74,137   (7,202

Net interest income

   90,924   46,046   44,877 

Net fees and commissions

   3,309   2,464   845 

Net trading profits

   394   1,207   (812

Net other operating profits

   (27,694  24,419   (52,113

Net gains (losses) on debt securities

   (31,208  15,835   (47,043

General and administrative expenses

   199,309   189,440   9,868 

Personnel expenses

   64,798   59,809   4,989 

Non-personnel expenses

   124,711   120,488   4,223 

Taxes

   9,799   9,142   656 

Net operating profits before credit costs for trust accounts and provision for general
allowance for credit losses

   132,385   142,365   (9,979

Provision for general allowance for credit losses (2)

   —     —     —   

Net operating profits

   132,385   142,366   (9,980

Net non-recurring gains (losses)

   649   8,210   (7,560

Credit costs (3)

   (5  (8  3 

Reversal of allowance for credit losses (4)

   8   786   (778

Reversal of reserve for contingent losses included in credit costs (5)

   95   29   65 

Gains on loans written-off (6)

   0   12   (12

Net gains (losses) on equity securities

   39,038   17,028   22,009 

Gains on sales of equity securities

   54,726   46,236   8,489 

Losses on sales of equity securities

   (14,062  (21,667  7,605 

Losses on write-down of equity securities

   (1,625  (7,540  5,914 

Other non-recurring gains (losses)

   (38,486  (9,637  (28,849
  

 

 

  

 

 

  

 

 

 

Ordinary profits

   133,035   150,577   (17,541
  

 

 

  

 

 

  

 

 

 

Net extraordinary gains (losses)

   (3,579  (1,902  (1,676

Net gains (losses) on disposition of fixed assets

   (48  285   (334

Losses on impairment of fixed assets

   (1,552  (2,273  721 

Losses on sales of shares of affiliates

   (1,978  —     (1,978

Income before income taxes

   129,456   148,674   (19,218

Income taxes-current

   29,773   32,019   (2,246

Income taxes-deferred

   3,279   3,573   (294

Total taxes

   33,052   35,593   (2,540
  

 

 

  

 

 

  

 

 

 

Net income

   96,403   113,081   (16,677
  

 

 

  

 

 

  

 

 

 

(Reference)

    

Total credit costs (1)+(2)+(3)+(4)+(5)+(6)

   98   820   (722

Credit costs for trust accounts

   (0  0   (0

Provision for general allowance for credit losses

   242   784   (542

Provision for special allowance for credit losses

   (234  1   (236

Allowance for credit to specific foreign borrowers

   —     —     —   

Losses on loans write-offs

   (5  (8  3 

Provision for contingent losses included in credit costs

   95   29   65 

Gains on loans written-off

   0   12   (12

Losses on sales of other loans, etc.

   —     —     —   

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities

   152,138   133,070   19,067 

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses, excluding net gains (losses) on debt securities and investment trusts cancellation

   162,185   140,632   21,553 

 

6


Mitsubishi UFJ Financial Group, Inc.

 

2. Average Interest Rate Spread

BK Non-consolidated

 

   (percentage per annum) 
(Domestic business segment)  For the fiscal year
ended
March 31, 2021
(A)
   Increase
(Decrease)

(A) - (B)
  For the fiscal year
ended
March 31, 2020
(B)
 

Total average interest rate on interest-earning assets (a)

   0.41    (0.08  0.49 

Average interest rate on loans and bills discounted (b)

   0.72    (0.05  0.78 

Average interest rate on securities

   0.27    (0.27  0.55 

Total average interest rate on interest-bearing liabilities (c)
<including general and administrative expenses>

   0.40    (0.09  0.50 

Average interest rate on deposits and NCD (d)

   0.00    (0.00  0.00 

Average interest rate on other liabilities

   0.12    (0.09  0.21 

Overall interest rate spread (a)-(c)

   0.00    0.01   (0.00

Interest rate spread (b)-(d)

   0.72    (0.05  0.77 

(After excluding loans to the Japanese government and governmental organizations)

     

Average interest rate on loans and bills discounted (e)

   0.74    (0.05  0.80 

Interest rate spread (e)-(d)

   0.74    (0.05  0.79 

TB Non-consolidated

     
   (percentage per annum) 
(Domestic business segment)  For the fiscal year
ended
March 31, 2021
(A)
   Increase
    (Decrease)    
(A) - (B)
  For the fiscal year
ended
March 31, 2020
(B)
 

Total average interest rate on interest-earning assets (a)

   0.39    (0.23  0.62 

Average interest rate on loans and bills discounted (b)

   0.33    (0.01  0.34 

Average interest rate on securities

   1.21    (0.57  1.79 

Total average interest rate on interest-bearing liabilities (c)

   0.08    (0.04  0.12 

Average interest rate on deposits and NCD (d)

   0.02    (0.01  0.04 

Overall interest rate spread (a)-(c)

   0.30    (0.19  0.49 

Interest rate spread (b)-(d)

   0.30    0.00   0.29 

(After excluding loans to the Japanese government and governmental organizations)

     

Average interest rate on loans and bills discounted (e)

   0.64    (0.01  0.66 

Interest rate spread (e)-(d)

   0.61    (0.00  0.61 

BK and TB Combined

     
   (percentage per annum) 
(Domestic business segment)  For the fiscal year
ended

March 31, 2021
(A)
   Increase
(Decrease)

(A) - (B)
  For the fiscal year
ended
March 31, 2020
(B)
 

Average interest rate on loans and bills discounted (a)

   0.70    (0.04  0.75 

Average interest rate on deposits and NCD (b)

   0.00    (0.00  0.00 

Interest rate spread (a)-(b)

   0.70    (0.04  0.74 

(After excluding loans to the Japanese government and governmental organizations)

     

Average interest rate on loans and bills discounted (c)

   0.74    (0.05  0.79 

Interest rate spread (c)-(b)

   0.74    (0.05  0.79 

 

7


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, 2021 
   within 1 year   1 year to 5 years   over 5 years   Total 

Receive-fix/pay-floater

   3,321.8    5,499.5    7,991.7    16,813.2 

Receive-floater/pay-fix

   1,016.2    2,190.5    1,736.0    4,942.8 

Receive-floater/pay-floater

   —      —      —      —   

Receive-fix/pay-fix

   —      —      —      —   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   4,338.1    7,690.1    9,727.8    21,756.0 
  

 

 

   

 

 

   

 

 

   

 

 

 

 

BK Consolidated

 

 

  
   (in billions of yen) 
   As of March 31, 2021 
   within 1 year   1 year to 5 years   over 5 years   Total 

Receive-fix/pay-floater

   3,202.2    5,071.4    7,861.3    16,135.0 

Receive-floater/pay-fix

   722.7    1,005.3    258.7    1,986.8 

Receive-floater/pay-floater

   —      —      —      —   

Receive-fix/pay-fix

   —      —      —      —   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   3,925.0    6,076.7    8,120.0    18,121.9 
  

 

 

   

 

 

   

 

 

   

 

 

 

 

TB Consolidated

 

 

  
   (in billions of yen) 
   As of March 31, 2021 
   within 1 year   1 year to 5 years   over 5 years   Total 

Receive-fix/pay-floater

   119.6    348.3    107.8    575.8 

Receive-floater/pay-fix

   292.4    1,126.2    1,452.2    2,870.9 

Receive-floater/pay-floater

   —      —      —      —   

Receive-fix/pay-fix

   —      —      —      —   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   412.0    1,474.5    1,560.1    3,446.7 
  

 

 

   

 

 

   

 

 

   

 

 

 

 

8


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, 2021   As of March 31, 2020 
   Amount on
consolidated
balance sheet
   Unrealized
gains (losses)
  Gains   Losses   Amount on
consolidated
balance sheet
   Unrealized
gains (losses)
  Gains   Losses 

Debt securities being held to maturity

   3,903,764    35,380   50,465    15,085    4,165,781    12,113   43,847    31,734 

Domestic bonds

   1,100,447    23,032   23,032    —      1,100,574    29,855   29,855    —   

Government bonds

   1,100,447    23,032   23,032    —      1,100,574    29,855   29,855    —   

Municipal bonds

   —      —     —      —      —      —     —      —   

Short-term corporate bonds

   —      —     —      —      —      —     —      —   

Corporate bonds

   —      —     —      —      —      —     —      —   

Other

   2,803,317    12,347   27,432    15,085    3,065,206    (17,742  13,991    31,734 

Foreign bonds

   756,657    22,902   25,711    2,808    1,034,835    9,696   13,715    4,018 

Other

   2,046,659    (10,555  1,721    12,277    2,030,371    (27,439  276    27,715 
   (in millions of yen) 
   As of March 31, 2021   As of March 31, 2020 
   Amount on
consolidated
balance sheet
   Unrealized
gains (losses)
  Gains   Losses   Amount on
consolidated
balance sheet
   Unrealized
gains (losses)
  Gains   Losses 

Available-for-sale securities

   73,892,007    3,749,919   4,227,901    477,981    62,151,189    2,888,631   3,361,658    473,026 

Domestic equity securities

   5,216,386    3,350,537   3,390,250    39,712    4,141,355    2,139,981   2,222,330    82,349 

Domestic bonds

   40,552,270    122,506   167,887    45,381    27,473,106    171,378   206,512    35,134 

Government bonds

   32,344,709    86,944   123,397    36,452    20,643,048    123,911   152,196    28,284 

Municipal bonds

   3,731,515    12,310   15,124    2,814    2,952,820    14,076   16,279    2,202 

Short-term corporate bonds

   564,097    26   31    4    —      —     —      —   

Corporate bonds

   3,911,947    23,225   29,334    6,109    3,877,238    33,389   38,036    4,647 

Other

   28,123,350    276,874   669,762    392,888    30,536,727    577,271   932,815    355,543 

Foreign equity securities

   86,025    21,102   21,104    1    79,521    12,671   12,690    19 

Foreign bonds

   21,236,699    103,001   377,998    274,996    24,502,462    738,144   798,956    60,811 

Other

   6,800,625    152,770   270,659    117,889    5,954,743    (173,544  121,168    294,712 

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

 

 

   (in millions of yen) 
   As of March 31, 2021   As of March 31, 2020 
   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

   23,813,598    6,929,239   6,909,513    4,000,366    10,619,157    9,697,443   4,227,061    4,030,017 

Government bonds

   22,879,850    4,097,191   3,880,019    2,588,095    10,396,682    7,588,648   1,156,573    2,601,718 

Municipal bonds

   69,592    1,390,238   2,271,684    —      11,351    763,350   2,178,117    —   

Short-term corporate bonds

   564,097    —     —      —      —      —     —      —   

Corporate bonds

   300,057    1,441,808   757,809    1,412,271    211,123    1,345,445   892,370    1,428,299 

Other

   3,260,028    8,703,402   6,630,163    9,452,219    3,803,556    5,844,370   7,626,742    14,049,606 

Foreign bonds

   2,549,349    7,085,913   5,290,960    7,067,133    3,221,731    4,340,556   6,865,314    11,109,696 

Other

   710,678    1,617,489   1,339,203    2,385,086    581,825    1,503,813   761,428    2,939,909 

Total

   27,073,626    15,632,642   13,539,677    13,452,586    14,422,714    15,541,813   11,853,804    18,079,624 

 

9


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, beneficiary rights to the trust in “Monetary claims bought” and others in addition to “Securities”.

Fair Value Information on Securities

 

   (in millions of yen) 
   As of March 31, 2021   As of March 31, 2020 
   Amount on
balance sheet
   Unrealized
gains (losses)
  Gains   Losses   Amount on
balance sheet
   Unrealized
gains (losses)
  Gains   Losses 

Debt securities being held to maturity

   1,785,106    14,751   23,032    8,281    1,944,533    18,785   30,046    11,260 

Stocks of subsidiaries and affiliates

   625,594    527,522   527,966    443    627,818    (17,184  4,344    21,529 
   (in millions of yen) 
   As of March 31, 2021   As of March 31, 2020 
   Amount on
balance sheet
   Unrealized
gains (losses)
  Gains   Losses   Amount on
balance sheet
   Unrealized
gains (losses)
  Gains   Losses 

Available-for-sale securities

   57,463,835    2,711,253   3,055,469    344,216    46,321,585    1,991,487   2,347,728    356,240 

Domestic equity securities

   4,320,383    2,703,898   2,739,050    35,151    3,374,636    1,651,395   1,725,564    74,169 

Domestic bonds

   38,401,935    119,605   157,408    37,803    25,770,967    154,064   186,191    32,127 

Other

   14,741,516    (112,250  159,010    271,261    17,175,981    186,027   435,971    249,943 

Foreign equity securities

   61,701    14,126   14,128    1    53,695    6,530   6,549    19 

Foreign bonds

   11,001,832    (179,648  28,372    208,020    13,997,325    370,202   401,257    31,055 

Other

   3,677,982    53,270   116,509    63,238    3,124,961    (190,704  28,164    218,868 

 

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

 

 

   (in millions of yen) 
   As of March 31, 2021   As of March 31, 2020 
   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

   22,940,204    6,720,882   6,606,103    3,235,193    10,106,478    9,245,170   4,078,218    3,441,674 

Government bonds

   22,571,678    3,986,589   3,629,529    1,928,989    9,902,705    7,188,369   1,106,011    2,096,962 

Municipal bonds

   69,592    1,381,708   2,254,941    —      11,351    759,253   2,156,905    —   

Short-term corporate bonds

   —      —     —      —      —      —     —      —   

Corporate bonds

   298,932    1,352,583   721,632    1,306,203    192,421    1,297,547   815,301    1,344,712 

Other

   2,293,657    5,147,155   2,187,294    4,439,400    2,600,654    2,410,872   3,474,229    8,298,085 

Foreign bonds

   1,766,311    3,859,156   1,647,742    3,728,622    2,257,468    1,269,228   3,078,456    7,392,171 

Other

   527,345    1,287,999   539,551    710,778    343,186    1,141,643   395,772    905,914 

Total

   25,233,861    11,868,037   8,793,397    7,674,593    12,707,132    11,656,042   7,552,448    11,739,760 

 

10


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, 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, 2021   As of March 31, 2020 
   Amount on
balance sheet
   Unrealized
gains (losses)
  Gains   Losses   Amount on
balance sheet
   Unrealized
gains (losses)
  Gains   Losses 

Debt securities being held to maturity

   1,259,698    (1,968  1,705    3,673    1,059,871    (15,289  —      15,289 

Stocks of subsidiaries and affiliates

   67,814    2,389   2,760    371    28,482    (1,873  23    1,896 
   (in millions of yen) 
   As of March 31, 2021   As of March 31, 2020 
   Amount on
balance sheet
   Unrealized
gains (losses)
  Gains   Losses   Amount on
balance sheet
   Unrealized
gains (losses)
  Gains   Losses 

Available—for-sale securities

   11,016,988    853,279   974,526    121,247    10,698,869    727,878   834,142    106,263 

Domestic equity securities

   939,291    595,246   603,069    7,823    807,271    432,023   447,382    15,359 

Domestic bonds

   2,136,137    2,797   10,478    7,680    1,710,778    16,171   19,308    3,136 

Other

   7,941,559    255,235   360,979    105,743    8,180,820    279,683   367,451    87,767 

Foreign equity securities

   56    41   41    —      44    35   35    —   

Foreign bonds

   6,262,308    166,399   218,733    52,333    6,616,153    262,471   280,229    17,757 

Other

   1,679,194    88,794   142,204    53,409    1,564,622    17,176   87,186    70,009 

 

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

 

 

  
   (in millions of yen) 
   As of March 31, 2021   As of March 31, 2020 
   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

   861,637    205,915   303,410    765,173    511,354    462,237   148,843    588,343 

Government bonds

   286,457    110,602   250,490    659,105    492,702    400,279   50,562    504,756 

Municipal bonds

   —      8,530   16,743    —      —      4,097   21,212    —   

Short-term corporate bonds

   564,097    —     —      —      —      —     —      —   

Corporate bonds

   11,082    86,782   36,176    106,068    18,652    57,861   77,068    83,587 

Other

   213,530    1,784,299   2,915,787    2,885,206    343,946    1,834,493   2,519,427    3,586,770 

Foreign bonds

   209,512    1,672,427   2,824,901    2,815,165    248,629    1,634,668   2,359,975    3,432,751 

Other

   4,018    111,871   90,886    70,040    95,317    199,825   159,451    154,018 

Total

   1,075,168    1,990,214   3,219,197    3,650,379    855,300    2,296,731   2,668,270    4,175,113 

 

11


Mitsubishi UFJ Financial Group, Inc.

 

5. ROE

MUFG Consolidated

 

   (%) 
   For the fiscal year
ended
March 31, 2021
(A)
   Increase
(Decrease)
(A) - (B)
   For the fiscal year
ended
March 31, 2020
(B)
 

ROE

   5.63    1.77    3.85 

Note:

ROE is computed as follows:

 

Profits attributable to owners of parent  

 

 

 

× 100

 

 

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

 

12


Mitsubishi UFJ Financial Group, Inc.

 

6. Risk-Adjusted Capital Ratio

 

MUFG Consolidated  (in billions of yen) 
   As of
March 31, 2021
Preliminary (A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
  As of
September 30, 2020
 

(1)   Total capital ratio (4)/(7)

   16.31  0.44  15.87  16.55

(2)   Tier 1 capital ratio (5)/(7)

   13.96  0.39  13.56  14.11

(3)   Common Equity Tier 1 capital ratio (6)/(7)

   12.33  0.42  11.90  12.52

(4)   Total capital

   18,669.5   389.9   18,279.5   18,764.4 

(5)   Tier 1 capital

   15,982.7   359.4   15,623.3   15,998.0 

(6)   Common Equity Tier 1 capital

   14,113.7   405.3   13,708.3   14,188.1 

(7)   Risk weighted assets

   114,419.3   (716.2  115,135.6   113,312.5 

(8)   Required Capital (7)×8%

   9,153.5   (57.3  9,210.8   9,065.0 
BK Consolidated  (in billions of yen) 
   As of
March 31, 2021
Preliminary (A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
  As of
September 30, 2020
 

(1)   Total capital ratio (4)/(7)

   15.04  0.61  14.43  15.00

(2)   Tier 1 capital ratio (5)/(7)

   12.76  0.46  12.29  12.66

(3)   Common Equity Tier 1 capital ratio (6)/(7)

   11.17  0.46  10.70  11.13

(4)   Total capital

   14,630.4   344.8   14,285.6   14,488.1 

(5)   Tier 1 capital

   12,411.3   241.3   12,170.0   12,229.4 

(6)   Common Equity Tier 1 capital

   10,865.3   268.1   10,597.1   10,754.0 

(7)   Risk weighted assets

   97,239.3   (1,734.3  98,973.6   96,568.9 

(8)   Required Capital (7)×8%

   7,779.1   (138.7  7,917.8   7,725.5 
TB Consolidated  (in billions of yen) 
   As of
March 31, 2021
Preliminary (A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
  As of
September 30, 2020
 

(1)   Total capital ratio (4)/(7)

   22.47  (2.99)%   25.46  25.30

(2)   Tier 1 capital ratio (5)/(7)

   20.02  (1.88)%   21.90  22.10

(3)   Common Equity Tier 1 capital ratio (6)/(7)

   17.99  (1.47)%   19.46  19.86

(4)   Total capital

   2,099.6   209.6   1,889.9   2,048.1 

(5)   Tier 1 capital

   1,870.9   245.2   1,625.7   1,789.4 

(6)   Common Equity Tier 1 capital

   1,681.1   236.7   1,444.3   1,608.0 

(7)   Risk weighted assets

   9,344.0   1,923.3   7,420.6   8,095.3 

(8)   Required Capital (7)×8%

   747.5   153.8   593.6   647.6 
BK Non-consolidated  (in billions of yen) 
   As of
March 31, 2021
Preliminary (A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
  As of
September 30, 2020
 

(1)   Total capital ratio (4)/(7)

   14.60  (0.16)%   14.76  15.22

(2)   Tier 1 capital ratio (5)/(7)

   12.42  (0.10)%   12.52  12.90

(3)   Common Equity Tier 1 capital ratio (6)/(7)

   10.66  (0.00)%   10.67  11.15

(4)   Total capital

   12,359.4   267.2   12,092.2   12,344.3 

(5)   Tier 1 capital

   10,512.4   257.7   10,254.6   10,460.0 

(6)   Common Equity Tier 1 capital

   9,025.2   286.2   8,738.9   9,044.4 

(7)   Risk weighted assets

   84,632.8   2,745.7   81,887.1   81,055.3 

(8)   Required Capital (7)×8%

   6,770.6   219.6   6,550.9   6,484.4 
TB Non-consolidated  (in billions of yen) 
   As of
March 31, 2021
Preliminary (A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
  As of
September 30, 2020
 

(1)   Total capital ratio (4)/(7)

   21.91  (3.50)%   25.42  24.87

(2)   Tier 1 capital ratio (5)/(7)

   19.73  (2.53)%   22.27  22.04

(3)   Common Equity Tier 1 capital ratio (6)/(7)

   17.92  (2.19)%   20.11  20.05

(4)   Total capital

   2,294.6   163.1   2,131.5   2,262.9 

(5)   Tier 1 capital

   2,066.4   198.7   1,867.7   2,004.7 

(6)   Common Equity Tier 1 capital

   1,876.9   190.2   1,686.7   1,823.7 

(7)   Risk weighted assets

   10,469.5   2,085.6   8,383.9   9,095.7 

(8)   Required Capital (7)×8%

   837.5   166.8   670.7   727.6 

 

Note:

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

    

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

 

13


Mitsubishi UFJ Financial Group, Inc.

 

7. Risk-Monitored Loans

MUFG Consolidated

(1) Risk-Monitored Loans

 

  (in millions of yen) 
  As of
March 31, 2021
(A)
  % to total loans
and bills discounted
  As of
March 31, 2020
(B)
  % to total loans
and bills discounted
  Increase
(Decrease)
(A) - (B)
  % to total loans
and bills discounted
 

Loans to bankrupt borrowers

  47,013   0.04  39,125   0.03  7,887   0.00

Non-accrual delinquent loans

  847,073   0.79  650,698   0.59  196,375   0.19

Accruing loans contractually past due 3 months or more

  26,090   0.02  17,238   0.01  8,851   0.00

Restructured loans

  420,857   0.39  382,772   0.35  38,084   0.04

Total risk monitored loans

  1,341,034   1.25  1,089,835   0.99  251,198   0.25

Total loans and bills discounted

  107,183,069    109,114,612    (1,931,542 

Written-off

  298,281    296,288    1,992  
(2) Allowance for Credit Losses

 

  (in millions of yen) 
  As of
March 31, 2021
(A)
  % to total risk
monitored loans
  As of
March 31, 2020

(B)
  % to total risk
monitored loans
  Increase
(Decrease)
(A) - (B)
  % to total risk
monitored loans
 

Allowance for credit losses

  1,105,541   82.43  740,641   67.95  364,900   14.48

General allowance for credit losses

  804,942    532,830    272,111  

Specific allowance for credit losses

  300,049    207,636    92,413  

Allowance for credit to specific foreign borrowers

  549    174    374  
(3) Classification of Risk-Monitored Loans

 

     

 

                                                                        
Classified by Geographic Area  (in millions of yen) 
   As of
March 31, 2021
(A)
   As of
March 31, 2020
(B)
   Increase
(Decrease)
(A) - (B)
 

Domestic

   680,989    621,344    59,645 

Overseas

   660,044    468,490    191,553 

Asia

   300,597    259,181    41,416 

Indonesia

   50,483    44,179    6,304 

Singapore

   44,116    51,358    (7,242

Thailand

   154,711    150,728    3,982 

Hong Kong

   832    1,806    (973

Other

   50,454    11,108    39,345 

Americas

   224,726    145,574    79,152 

Europe, Middle East and Other

   134,719    63,735    70,984 
  

 

 

   

 

 

   

 

 

 

Total

         1,341,034          1,089,835          251,198 
  

 

 

   

 

 

   

 

 

 

 

                                                                        
Classified by Industry  (in millions of yen) 
   As of
March 31, 2021
(A)
   As of
March 31, 2020
(B)
   Increase
(Decrease)
(A) - (B)
 

Domestic

   680,989    621,344    59,645 

Manufacturing

   108,572    109,416    (844

Construction

   7,866    8,823    (956

Wholesale and retail

   103,881    107,574    (3,693

Finance and insurance

   4,272    1,157    3,114 

Real estate, goods rental and leasing

   51,864    39,365    12,499 

Services

   83,759    57,950    25,808 

Other industries

   18,331    15,104    3,226 

Consumer

   302,441    281,951    20,490 

Overseas

   660,044    468,490    191,553 

Financial institutions

   10,643    1,209    9,434 

Commercial and industrial

   528,408    362,389    166,019 

Other

   120,992    104,892    16,100 
  

 

 

   

 

 

   

 

 

 

Total

         1,341,034          1,089,835          251,198 
  

 

 

   

 

 

   

 

 

 

 

14


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Risk-Monitored Loans

 

  (in millions of yen) 
  As of
March 31, 2021
(A)
  % to total loans
and bills discounted
  As of
March 31, 2020
(B)
  % to total loans
and bills discounted
  Increase
(Decrease)
(A) - (B)
  % to total loans
and bills discounted
 

Loans to bankrupt borrowers

  38,631   0.04  27,350   0.03  11,280   0.01

Non-accrual delinquent loans

  512,174   0.57  366,444   0.41  145,729   0.16

Accruing loans contractually past due 3 months or more

  14,246   0.01  9,083   0.01  5,163   0.00

Restructured loans

  279,632   0.31  212,187   0.24  67,445   0.07

Total risk monitored loans

  844,686   0.95  615,067   0.69  229,618   0.25

Total loans and bills discounted

    88,447,036      88,258,295    188,741  

Written-off

  250,633    244,600    6,032  

(2) Allowance for Credit Losses

 

 

  (in millions of yen) 
  As of
March 31, 2021
(A)
  % to total risk
monitored loans
  As of
March 31, 2020
(B)
  % to total risk
monitored loans
  Increase
(Decrease)
(A) - (B)
  % to total risk
monitored loans
 

Allowance for credit losses

  465,391   55.09  308,908   50.22  156,483   4.87

General allowance for credit losses

  323,221    232,468    90,752  

Specific allowance for credit losses

  141,620    76,264    65,355  

Allowance for credit to specific foreign borrowers

  549    174    374  
(3) Classification of Risk-Monitored Loans

 

     
                                                                        
Classified by Geographic Area  (in millions of yen) 
   As of
March 31, 2021
(A)
   As of
March 31, 2020
(B)
   Increase
(Decrease)
(A) - (B)
 

Domestic

   506,289    432,954    73,335 

Overseas

   338,396    182,113    156,282 

Asia

   100,882    64,386    36,495 

Indonesia

   5,556    171    5,385 

Singapore

   44,116    51,358    (7,242

Thailand

   —      —      —   

Hong Kong

   832    1,806    (973

Other

   50,376    11,050    39,326 

Americas

   124,494    65,863    58,631 

Europe, Middle East and Other

   113,019    51,863    61,156 
  

 

 

   

 

 

   

 

 

 

Total

            844,686          615,067          229,618 
  

 

 

   

 

 

   

 

 

 

 

                                                                        
Classified by Industry  (in millions of yen) 
   As of
March 31, 2021
(A)
   As of
March 31, 2020
(B)
   Increase
(Decrease)
(A) - (B)
 

Domestic

   506,289    432,954    73,335 

Manufacturing

   108,561    109,403    (841

Construction

   7,857    8,813    (955

Wholesale and retail

   103,762    107,446    (3,683

Finance and insurance

   4,269    1,154    3,115 

Real estate

   27,833    30,012    (2,179

Goods rental and leasing

   24,020    9,335    14,685 

Services

   83,753    57,940    25,813 

Other industries

   18,324    15,096    3,227 

Consumer

   127,907    93,751    34,155 

Overseas

   338,396    182,113    156,282 

Financial institutions

   2,488    —      2,488 

Commercial and industrial

   335,732    181,870    153,861 

Other

   175    242    (67
  

 

 

   

 

 

   

 

 

 

Total

            844,686          615,067          229,618 
  

 

 

   

 

 

   

 

 

 

 

15


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Risk-Monitored Loans

 

  (in millions of yen) 
  As of
March 31, 2021
(A)
  % to total loans
and bills discounted
  As of
March 31, 2020
(B)
  % to total loans
and bills discounted
  Increase
(Decrease)
(A) - (B)
  % to total loans
and bills discounted
 

Loans to bankrupt borrowers

  —     —     —     —     —     —   

Non-accrual delinquent loans

  2,021   0.06  2,319   0.05  (298  0.00

Accruing loans contractually past due 3 months or more

  —     —     —     —     —     —   

Restructured loans

  —     —     —     —     —     —   

Total risk monitored loans

  2,021   0.06  2,319   0.05  (298  0.00

Total loans and bills discounted

    3,289,807      4,081,093    (791,286 

Written-off

  53    48    5  

(2) Allowance for Credit Losses

 

 

  (in millions of yen) 
  As of
March 31, 2021
(A)
  % to total risk
monitored loans
  As of
March 31, 2020
(B)
  % to total risk
monitored loans
  Increase
(Decrease)
(A) - (B)
  % to total risk
monitored loans
 

Allowance for credit losses

  1,457   72.11  1,462   63.04  (4  9.06

General allowance for credit losses

  759    999    (239 

Specific allowance for credit losses

  697    462    234  

Allowance for credit to specific foreign borrowers

  —      —      —    

(3) Classification of Risk-Monitored Loans

 

                                                                        
Classified by Geographic Area  (in millions of yen) 
   As of
March 31, 2021
(A)
   As of
March 31, 2020
(B)
   Increase
(Decrease)

(A) - (B)
 

Domestic

   2,021    2,319    (298

Overseas

   —      —      —   

Asia

   —      —      —   

Indonesia

   —      —      —   

Singapore

   —      —      —   

Thailand

   —      —      —   

Hong Kong

   —      —      —   

Other

   —      —      —   

Americas

   —      —      —   

Europe, Middle East and Other

   —      —      —   
  

 

 

   

 

 

   

 

 

 

Total

             2,021              2,319                 (298
  

 

 

   

 

 

   

 

 

 
Classified by Industry  (in millions of yen) 
   As of
March 31, 2021
(A)
   As of
March 31, 2020
(B)
   Increase
(Decrease)

(A) - (B)
 

Domestic

   2,021    2,319    (298

Manufacturing

   —      —      —   

Construction

   —      —      —   

Wholesale and retail

   —      —      —   

Finance and insurance

   —      —      —   

Real estate

   10    16    (5

Goods rental and leasing

   —      —      —   

Services

   —      —      —   

Other industries

   —      —      —   

Consumer

   2,010    2,302    (292

Overseas

   —      —      —   

Financial institutions

   —      —      —   

Commercial and industrial

   —      —      —   

Other

   —      —      —   
  

 

 

   

 

 

   

 

 

 

Total

   2,021    2,319    (298
  

 

 

   

 

 

   

 

 

 

 

16


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated: Trust Account

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

(1) Risk-Monitored Loans

 

  (in millions of yen) 
  As of
March 31, 2021
(A)
  % to total loans
and bills discounted
  As of
March 31, 2020
(B)
  % to total loans
and bills discounted
  Increase
(Decrease)
(A) - (B)
  % to total loans
and bills discounted
 

Loans to bankrupt borrowers

  —     —     —     —     —     —   

Non-accrual delinquent loans

  —     —     0   0.00  (0  (0.00)% 

Accruing loans contractually past due 3 months or more

  2   0.03  —     —     2   0.03

Restructured loans

  —     —     3   0.02  (3  (0.02)% 

Total risk monitored loans

  2   0.03  3   0.03  (1  0.00

Total loans and bills discounted

             6,051             12,285           (6,233 

(2) Allowance for Credit Losses

 

                                                                        
   (in millions of yen) 
   As of
March 31, 2021
(A)
   As of
March 31, 2020
(B)
   Increase
(Decrease)

(A) - (B)
 

Allowance for bad debts

   18    36    (18
(3) Classification of Risk-Monitored Loans

 

Classified by Industry

      
   (in millions of yen) 
   As of
March 31, 2021

(A)
   As of
March 31, 2020

(B)
   Increase
(Decrease)
(A) - (B)
 

Domestic

   2    3    (1

Manufacturing

   —      —      —   

Construction

   —      —      —   

Wholesale and retail

   —      —      —   

Finance and insurance

   —      —      —   

Real estate

   —      —      —   

Goods rental and leasing

   —      —      —   

Services

   —      —      —   

Other industries

   —      —      —   

Consumer

   2    3    (1
  

 

 

   

 

 

   

 

 

 

Total

                      2                       3                        (1
  

 

 

   

 

 

   

 

 

 

 

17


Mitsubishi UFJ Financial Group, Inc.

 

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

BK and TB Combined including Trust Account

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

(1) Non Performing Loans

 

         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)

(A) - (B)
 

Bankrupt or De facto Bankrupt

     147,818   121,990   25,828 

Doubtful

     416,668   310,975   105,693 

Special Attention

     293,879   221,271   72,608 

Non Performing Loans (1)

     858,366   654,237   204,129 

Normal

     99,534,250   99,954,031   (419,781

Total

     100,392,617   100,608,268   (215,651

Non Performing Loans / Total

     0.85  0.65  0.20

(2) Status of Coverage of Non Performing Loans

 

 

    
         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     682,952   515,289   167,663 

Allowance for credit losses

     211,330   140,511   70,819 

Collateral, guarantees, etc.

     471,622   374,777   96,844 

Coverage ratio (2) / (1)

     79.56  78.76  0.80
(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

   147,818   20,058   127,759   —     100.00
   [121,990  [2,772  [119,217   [100.00%] 

Doubtful

   416,668   121,299   212,592   —     80.13
   [310,975  [72,607  [170,444   [78.15%] 

Special Attention

   293,879   69,971   131,270   —     68.47
   [221,271  [65,131  [85,115   [67.90%] 

Total

   858,366   211,330   471,622   —     79.56
   [654,237  [140,511  [374,777   [78.76%] 

Note: The upper figures are as of March 31, 2021. The lower figures with brackets are as of March 31, 2020.

 

(4)  Classified by Industry

 

 

   

 
         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)
(A) - (B)
 

Domestic

     514,667   442,033   72,633 

Manufacturing

     110,710   111,393   (682

Construction

     7,857   8,813   (955

Wholesale and retail

     106,348   110,391   (4,043

Finance and insurance

     4,518   1,459   3,059 

Real estate

     27,996   30,188   (2,191

Goods rental and leasing

     24,025   9,335   14,690 

Services

     84,135   58,405   25,729 

Other industries

     19,126   15,899   3,226 

Consumer

     129,947   96,146   33,800 

Overseas

     343,699   212,203   131,495 

Financial institutions

     2,820   —     2,820 

Commercial and industrial

     340,659   211,851   128,807 

Other

     219   351   (131

Total

     858,366   654,237   204,129 

 

18


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Non Performing Loans

 

         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

     147,768   121,940   25,827 

Doubtful

     414,688   308,695   105,992 

Special Attention

     293,879   221,271   72,608 

Non Performing Loans (1)

     856,336   651,907   204,428 

Normal

        96,093,176      95,754,905   338,271 

Total

     96,949,512   96,406,813   542,699 

Non Performing Loans / Total

     0.88  0.67  0.20
(2) Status of Coverage of Non Performing Loans      
         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     680,922   512,960   167,962 

Allowance for credit losses

     211,330   140,511   70,819 

Collateral, guarantees, etc.

     469,591   372,448   97,142 

Coverage ratio (2) / (1)

     79.51  78.68  0.82

(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

   147,768   20,058   127,709   100.00  100.00
   [121,940  [2,772  [119,167  [100.00%]   [100.00%] 

Doubtful

   414,688   121,299   210,611   59.43  80.03
   [308,695  [72,607  [168,165  [51.66%]   [77.99%] 

Special Attention

   293,879   69,971   131,270   43.03  68.47
   [221,271  [65,131  [85,115  [47.83%]   [67.90%] 

Total

   856,336   211,330   469,591   54.64  79.51
   [651,907  [140,511  [372,448  [50.27%]   [78.68%] 

Note:  The upper figures are as of March 31, 2021. The lower figures with brackets are as of March 31, 2020.

   

 

(4) Classified by Industry

 

 
         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)
(A) - (B)
 

Domestic

     512,636   439,704   72,932 

Manufacturing

     110,710   111,393   (682

Construction

     7,857   8,813   (955

Wholesale and retail

     106,348   110,391   (4,043

Finance and insurance

     4,518   1,459   3,059 

Real estate

     27,985   30,171   (2,185

Goods rental and leasing

     24,025   9,335   14,690 

Services

     84,135   58,405   25,729 

Other industries

     19,126   15,899   3,226 

Consumer

     127,927   93,833   34,094 

Overseas

     343,699   212,203   131,495 

Financial institutions

     2,820   —     2,820 

Commercial and industrial

     340,659   211,851   128,807 

Other

     219   351   (131

Total

     856,336   651,907   204,428 

 

19


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Non Performing Loans

 

         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)

(A) - (B)
 

Bankrupt or De facto Bankrupt

     50   49   0 

Doubtful

     1,978   2,275   (297

Special Attention

     —     —     —   

Non Performing Loans (1)

     2,028   2,325   (297

Normal

          3,435,024      4,186,844   (751,819

Total

     3,437,052   4,189,169   (752,117

Non Performing Loans / Total

     0.05  0.05  0.00
(2) Status of Coverage of Non Performing Loans      
         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     2,028   2,325   (297

Allowance for credit losses

     —     —     —   

Collateral, guarantees, etc.

     2,028   2,325   (297

Coverage ratio (2) / (1)

     100.00  100.00  —   

(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

   50      50      100.00
   [49  [—  [49  [—  [100.00%] 

Doubtful

   1,978      1,978      100.00
   [2,275  [—  [2,275  [—  [100.00%] 

Special Attention

                
   [—  [—  [—  [—  [—

Total

   2,028      2,028      100.00
   [2,325  [—  [2,325  [—  [100.00%] 

Note:  The upper figures are as of March 31, 2021. The lower figures with brackets are as of March 31, 2020.

   

 

(4) Classified by Industry

 

 
         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)
(A) - (B)
 

Domestic

     2,028   2,325   (297

Manufacturing

     —     —     —   

Construction

     —     —     —   

Wholesale and retail

     —     —     —   

Finance and insurance

     —     —     —   

Real estate

     10   16   (5

Goods rental and leasing

     —     —     —   

Services

     —     —     —   

Other industries

     —     —     —   

Consumer

     2,017   2,309   (291

Overseas

     —     —     —   

Financial institutions

     —     —     —   

Commercial and industrial

     —     —     —   

Other

     —     —     —   

Total

     2,028   2,325   (297

 

20


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated: Trust Account

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

(1) Non Performing Loans

 

         (in millions of yen) 
         As of
March 31, 2021

(A)
  As of
March 31, 2020

(B)
  Increase
(Decrease)
(A) - (B)
 

Bankrupt or De facto Bankrupt

     —     0   (0

Doubtful

     2   3   (1

Special Attention

     —     —     —   

Non Performing Loans (1)

     2   3   (1

Normal

     6,049   12,281   (6,232

Total

     6,051   12,285   (6,233

Non Performing Loans / Total

               0.03           0.03  0.00
(2) Status of Coverage of Non Performing Loans

 

   
         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)
(A) - (B)
 

Covered amount (2)

     2   2   (0

Allowance for credit losses

     —     —     —   

Collateral, guarantees, etc.

     2   2   (0

Coverage ratio (2) / (1)

     100.00  79.42  20.57
(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

                
   [0  [—  [0   [100.00%] 

Doubtful

   2      2      100.00
   [3  [—  [2   [79.00%] 

Special Attention

                
   [—  [—  [—   [—

Total

   2      2      100.00
   [3  [—  [2   [79.42%] 

Note: The upper figures are as of March 31, 2021. The lower figures with brackets are as of March 31, 2020.

 

(4) Classified by Industry

 

      
         (in millions of yen) 
         As of
March 31, 2021
(A)
  As of
March 31, 2020
(B)
  Increase
(Decrease)
(A) - (B)
 

Domestic

     2   3   (1

Manufacturing

     —     —     —   

Construction

     —     —     —   

Wholesale and retail

     —     —     —   

Finance and insurance

     —     —     —   

Real estate

     —     —     —   

Goods rental and leasing

     —     —                      —   

Services

     —     —     —   

Other industries

     —     —     —   

Consumer

     2   3   (1

Total

     2                        3   (1

 

21


Mitsubishi UFJ Financial Group, Inc.

 

Overview of Non-Performing Loans

BK and TB Combined

 

(in billions of yen)
Self-Assessment    Coverage 
ratio for 
unsecured 
portion  
    Non-Performing Loans 
Based on the “FRL”  
        Risk-Monitored Loans 

Category of
Borrowers

 Classification
 Non-
Classification 
 Classification 
II
 Classification 
III
 Classification 
IV
               
         

 

Bankrupt
Borrowers

 

 [127.7] [19.2] 

 

[0.7]

 

(*1)

   

 

100.00%

   

i) Bankrupt or De facto Bankrupt

 

[147.8]

    

 

Loans to bankrupt borrowers

 

[38.6]

 

 

Substantially
Bankrupt
Borrowers

 

  

Non-accrual

delinquent loans

 

[514.1]

 

Potentially
Bankrupt
Borrowers

 

 [212.5] [204.0]     59.43%   

ii) Doubtful

 

[416.6]

  
        

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

 

 [293.8]     

43.03%

   

iii) Special Attention

 

[293.8]

    

Accruing loans contractually past due 3 months or more

 

[14.2]

 

        

 

Restructured loans

 

[279.6]

 

      
                
      

Borrowers
Requiring
Caution
(Other
Borrowers)

 

         

iv) Normal

 

[99,528.2]

 

 

      

 

Normal
Borrowers

 

         
  
        

Non-Performing Loans

Based on the “FRL”

    Risk-Monitored Loans
        i) + ii) + iii)    
        858.3    

846.7

        Total    
        i) + ii) + iii) + iv)    
        

100,386.5

    

 

(*1)

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

 

22


Mitsubishi UFJ Financial Group, Inc.

 

9. Progress in Disposition of Problem Assets

BK Non-consolidated

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

 

   (in millions of yen) 
   As of
March 31, 2018
   As of
March 31, 2019
   As of
March 31, 2020
(A)
   As of
March 31, 2021
(B)
   (B) - (A) 

Assets newly categorized during fiscal 2017

   125,207    33,393    22,912    16,915    (5,997

Assets newly categorized during fiscal 2018

     178,183    27,831    20,519    (7,311

Assets newly categorized during fiscal 2019

       196,249    107,696    (88,553

Assets newly categorized during fiscal 2020

         274,842   

(2) Progress in Disposition of Problem Assets

 

   (in millions of yen) 
   For the Fiscal Year Ended March 31, 2021 
       Bankrupt or
De facto Bankrupt
   Doubtful 

Liquidation

   2,788     

Reconstructive treatment

   39,387     

Upgrade due to reconstructive treatment

   —       

Loan sold to secondary market

   14,327     

Write-offs

   21,937     

Others

   64,581     

Collection / Repayment

   44,170     

Upgrade

   20,411     
  

 

 

   

 

 

   

 

 

 

Total

   143,022    60,446    82,575 
  

 

 

   

 

 

   

 

 

 

Amount in process for disposition

   115,480     

 

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.

 

23


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated including Trust Account

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

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

 

   (in millions of yen) 
   As of
March 31, 2018
   As of
March 31, 2019
   As of
March 31, 2020
(A)
   As of
March 31, 2021
(B)
   (B) - (A) 

Assets newly categorized during fiscal 2017

       1,319    491    267    198    (69

Assets newly categorized during fiscal 2018

         1,067    381    80    (300

Assets newly categorized during fiscal 2019

              841    359         (482

Assets newly categorized during fiscal 2020

                706   

(2) Progress in Disposition of Problem Assets

 

   (in millions of yen) 
   For the Fiscal Year Ended March 31, 2021 
       Bankrupt or
De facto Bankrupt
   Doubtful 

Liquidation

   —                                   

Reconstructive treatment

   —       

Upgrade due to reconstructive treatment

   —       

Loan sold to secondary market

   —       

Write-offs

   6     

Others

   1,247     

Collection / Repayment

   350     

Upgrade

   896     
  

 

 

   

 

 

   

 

 

 

Total

   1,253    7    1,245 
  

 

 

   

 

 

   

 

 

 

Amount in process for disposition

   108     
  

 

 

     

 

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.

 

24


Mitsubishi UFJ Financial Group, Inc.

 

10.

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

BK and TB Combined including Trust Accounts

(1) Loans Classified by Type of Industry

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Domestic offices (excluding loans booked at offshore markets)

   69,276,436   2,700,761   66,575,675 

Manufacturing

   12,011,578   1,780,167   10,231,411 

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

   172,307   (13,289  185,596 

Construction

   732,482   44,213   688,269 

Utilities

   2,107,394   189,609   1,917,785 

Communication and information services

   1,195,804   (135,530  1,331,334 

Transport and postal activities

   2,464,911   258,010   2,206,901 

Wholesale and retail

   6,675,282   222,607   6,452,675 

Finance and insurance

   8,791,847   365,248   8,426,599 

Real estate

   8,939,164   210,847   8,728,317 

Goods rental and leasing

   2,184,401   (267,320  2,451,721 

Services

   3,107,252   350,379   2,756,873 

Municipal government

   1,146,255   230,894   915,361 

Other industries (including loans to the Japanese government)

   19,747,755   (535,072  20,282,827 

Overseas offices and loans booked at offshore markets

   22,873,842   (3,249,704  26,123,546 
  

 

 

  

 

 

  

 

 

 

Total

   92,150,278   (548,942  92,699,221 
  

 

 

  

 

 

  

 

 

 

 

(2) Domestic Consumer Loans

 

    
   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Total domestic consumer loans

   15,697,035   95,000   15,602,034 

Housing loans

   14,983,615   163,458   14,820,157 

Residential purpose

   13,155,741   214,456   12,941,284 

Other

   713,419   (68,457  781,877 

 

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Outstanding amount

   39,678,154   703,868   38,974,286 

% to total domestic loans

   57.27  (1.26)%   58.54

 

25


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Loans Classified by Type of Industry

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Domestic offices (excluding loans booked at offshore markets)

   66,035,273   3,593,218   62,442,054 

Manufacturing

   12,010,178   1,778,778   10,231,400 

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

   172,307   (13,289  185,596 

Construction

   732,482   44,213   688,269 

Utilities

   2,062,394   189,609   1,872,785 

Communication and information services

   1,185,837   (136,069  1,321,906 

Transport and postal activities

   2,444,911   258,847   2,186,064 

Wholesale and retail

   6,675,282   222,607   6,452,675 

Finance and insurance

   7,938,695   951,489   6,987,206 

Real estate

   8,936,683   213,064   8,723,619 

Goods rental and leasing

   2,184,401   (267,320  2,451,721 

Services

   3,106,257   389,224   2,717,033 

Municipal government

   1,145,905   235,060   910,845 

Other industries (including loans to the Japanese government)

   17,439,941   (272,994  17,712,935 

Overseas offices and loans booked at offshore markets

   22,411,763   (3,404,477  25,816,240 
  

 

 

  

 

 

  

 

 

 

Total

   88,447,036   188,741   88,258,295 
  

 

 

  

 

 

  

 

 

 

 

(2) Domestic Consumer Loans

 

    
   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Total domestic consumer loans

   14,805,109   193,308   14,611,801 

Housing loans

   14,093,440   261,202   13,832,237 

Residential purpose

   12,266,372   311,864   11,954,507 

Other

   711,669   (67,893  779,563 

 

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Outstanding amount

   38,191,996   892,676   37,299,320 

% to total domestic loans

   57.83  (1.89)%   59.73

 

26


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Loans Classified by Type of Industry

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Domestic offices (excluding loans booked at offshore markets)

   2,827,728   (946,059  3,773,787 

Manufacturing

   —     (11  11 

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

   —     —     —   

Construction

   —     —     —   

Utilities

   —     —     —   

Communication and information services

   9,967   539   9,428 

Transport and postal activities

   —     (837  837 

Wholesale and retail

   —     —     —   

Finance and insurance

   793,241   (571,373  1,364,614 

Real estate

   892   (1,508  2,400 

Goods rental and leasing

   —     —     —   

Services

   995   (38,845  39,840 

Municipal government

   —     —     —   

Other industries (including loans to the Japanese government)

   2,022,631   (334,024  2,356,655 

Overseas offices and loans booked at offshore markets

   462,078   154,772   307,305 
  

 

 

  

 

 

  

 

 

 

Total

   3,289,807   (791,286  4,081,093 
  

 

 

  

 

 

  

 

 

 

 

(2) Domestic Consumer Loans

 

    
   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Total domestic consumer loans

   887,718   (97,068  984,787 

Housing loans

   885,970   (96,509  982,480 

Residential purpose

   885,316   (96,310  981,626 

Other

   1,747   (558  2,306 

 

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

    
   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A)-(B)
  As of
March 31, 2020
(B)
 

Outstanding amount

   1,228,804   (210,627  1,439,431 

% to total domestic loans

   43.45  5.31  38.14

 

27


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020

(B)
 

Domestic offices (excluding loans booked at offshore markets)

        413,435       53,602        359,832 

Manufacturing

   1,400   1,400   —   

Agriculture, forestry, fishery, mining, quarrying of stone and gravel

   —     —     —   

Construction

   —     —     —   

Utilities

   45,000   —     45,000 

Communication and information services

   —     —     —   

Transport and postal activities

   20,000   —     20,000 

Wholesale and retail

   —     —     —   

Finance and insurance

   59,911   (14,868  74,779 

Real estate

   1,589   (709  2,298 

Goods rental and leasing

   —     —     —   

Services

   —     —     —   

Municipal government

   350   (4,166  4,516 

Other industries (including loans to the Japanese government)

   285,183   71,946   213,237 

Overseas offices and loans booked at offshore markets

   —     —     —   
  

 

 

  

 

 

  

 

 

 

Total

   413,435   53,602   359,832 
  

 

 

  

 

 

  

 

 

 

 

(2) Domestic Consumer Loans

 

    
   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Total domestic consumer loans

   4,207   (1,238  5,445 

Housing loans

   4,204   (1,234  5,438 

Residential purpose

   4,052   (1,097  5,150 

Other

   2   (4  7 

 

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors

 

    
   (in millions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Outstanding amount

   257,354   21,819   235,535 

% to total domestic loans

   62.24  (3.20)%   65.45

 

28


Mitsubishi UFJ Financial Group, Inc.

 

11. Overseas Loans

BK Consolidated excl. MUAH, KS, BDI

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
   Increase
   (Decrease)   
(A) - (B)
  As of
March 31, 2020
(B)
 

Americas

   7,845,617    (1,876,963  9,722,581 

United States of America

   6,086,883    (1,820,631  7,907,514 

Canada

   738,809    137,604   601,204 

Brazil

   395,697    (175,600  571,297 

Mexico

   317,334    (53,939  371,273 

Others

   306,893          35,602   271,290 

Asia/Oceania

   10,241,345    (445,960  10,687,305 

Hong Kong

   2,099,009    (184,518  2,283,528 

China

   1,489,203    (72,360  1,561,564 

Singapore

   1,435,368    92,950   1,342,418 

Australia

   1,260,623    29,705   1,230,918 

Indonesia

   697,789    (156,731  854,520 

India

   680,567    (130,668  811,235 

Taiwan

   625,984    120,091   505,892 

Malaysia

   609,215    (100,525  709,741 

South Korea

   361,592    (36,579  398,172 

New Zealand

   318,477    (17,903  336,380 

Vietnam

   253,414          16,422   236,991 

Others

   410,098    (5,842  415,941 

EMEA

   7,294,099    (646,697  7,940,797 

United Kingdom

   2,009,520    1,237   2,008,282 

Netherlands

   759,189    (127,927  887,116 

Saudi Arabia

   526,345    (76,023  602,368 

Germany

   502,115    (35,667  537,783 

France

   371,440    (43,977  415,418 

Ireland

   305,351    (35,852  341,204 

Qatar

   303,206    104,851   198,355 

UAE

   246,009    (2,933  248,943 

Switzerland

   235,082    (58,719  293,801 

Belgium

   178,139    (66,525  244,664 

Italy

   173,539    951   172,588 

Turkey

   167,103    (42,364  209,468 

Luxembourg

   166,630    (95,209  261,839 

Russia

   153,648    (18,304  171,953 

Poland

   104,554    (46,993  151,547 

Spain

   103,387    (2,121  105,509 

South Africa

   101,465    (33,487  134,953 

Others

   887,368    (67,629  954,997 
  

 

 

   

 

 

  

 

 

 

Total

   25,381,062    (2,969,621  28,350,684 
  

 

 

   

 

 

  

 

 

 

 

Note:

MUAH, KS and BDI have the following loan balances in the consolidated financial statements.

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
   Increase
  (Decrease)  
(A) - (B)
  As of
March 31, 2020
(B)
 

MUAH

     8,361,443     (1,153,997    9,515,440 

KS

   4,670,177    (186,166  4,856,343 

BDI

   885,176    (131,770  1,016,947 

 

29


Mitsubishi UFJ Financial Group, Inc.

 

12. Loans and Deposits

BK and TB Combined

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
   Increase
  (Decrease)  
(A) - (B)
  As of
March 31, 2020
(B)
 

Deposits (ending balance)

   193,113,145    23,729,097   169,384,048 

Deposits (average balance)

   185,829,055    19,573,169   166,255,886 

Loans (ending balance)

   91,736,843    (602,545  92,339,389 

Loans (average balance)

   95,408,988    3,877,191   91,531,796 
BK Non-consolidated

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
   Increase
  (Decrease)  
(A) - (B)
  As of
March 31, 2020
(B)
 

Deposits (ending balance)

   182,239,930    23,991,366   158,248,564 

Deposits (average balance)

   174,690,226    20,221,916   154,468,309 

Loans (ending balance)

   88,447,036    188,741   88,258,295 

Loans (average balance)

   91,697,219    4,490,112   87,207,107 
TB Non-consolidated

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
   Increase
  (Decrease)  
(A) - (B)
  As of
March 31, 2020
(B)
 

Deposits (ending balance)

   10,873,215    (262,268  11,135,484 

Deposits (average balance)

   11,138,829    (648,747  11,787,576 

Loans (ending balance)

   3,289,807    (791,286  4,081,093 

Loans (average balance)

   3,711,769    (612,920  4,324,689 

 

30


Mitsubishi UFJ Financial Group, Inc.

 

13. Domestic Deposits

BK and TB Combined

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
   Increase
  (Decrease)  
(A) - (B)
   As of
March 31, 2020
(B)
 

Individuals

   84,848,585    5,530,930    79,317,655 

Corporations and others

   80,968,030    14,382,477    66,585,553 

Domestic deposits

   165,816,616    19,913,407    145,903,208 

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

BK Non-consolidated

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
   Increase
  (Decrease)  
(A) - (B)
  As of
March 31, 2020
(B)
 

Individuals

   78,277,523      5,862,908    72,414,615 

Corporations and others

   78,003,387    14,262,302   63,741,084 

Domestic deposits

   156,280,910    20,125,210   136,155,699 

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

TB Non-consolidated

 

   (in millions of yen) 
   As of
March 31, 2021
(A)
   Increase
  (Decrease)  
(A) - (B)
  As of
March 31, 2020
(B)
 

Individuals

   6,571,062    (331,977  6,903,040 

Corporations and others

   2,964,643    120,174   2,844,468 

Domestic deposits

     9,535,706    (211,802    9,747,508 

 

Note:

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

 

31


Mitsubishi UFJ Financial Group, Inc.

 

14. Status of Deferred Tax Assets

BK Non-consolidated

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

 

   (in billions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Deferred tax assets

   513.1   18.6   494.4 

Allowance for credit losses

   199.5   40.0   159.4 

Write-down on investment securities

   381.2   (22.1  403.3 

Unrealized losses on Available-for-sale securities

   3.7   (4.4  8.1 

Reserve for retirement benefits

   92.3   0.7   91.5 

Reserve for contingent losses

   20.0   2.6   17.4 

Depreciation and Impairment losses

   44.5   0.1   44.3 

Devaluation on land upon merger

   25.1   (0.9  26.1 

Other

   162.3   (10.1  172.4 

Valuation allowance

   (415.8  12.7   (428.5

Deferred tax liabilities

   968.4   76.4   891.9 

Unrealized gains on Available-for-sale securities

   744.8   161.9   582.9 

Net deferred gains on hedging instruments

   73.6   (72.0  145.7 

Revaluation gains on securities upon merger

   52.5   (0.8  53.3 

Gains on securities contributed to employees’ retirement benefits trust

   45.4   0.2   45.2 

Other

   51.8   (12.8  64.7 

Net deferred tax assets

   (455.2  (57.7  (397.5

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

 

   (in billions of yen) 
     FY2015      FY2016      FY2017      FY2018      FY2019      FY2020   

Net operating profits before provisionfor general allowance for credit losses

   888.1   666.9   554.3   388.4   395.2   388.0 

Total credit costs

   (103.4  (25.4  56.0   128.5   11.8   (223.3

Income before income taxes

   884.7   632.2   580.0   767.2   (535.9  205.5 

Reconciliation to taxable income

   (113.3  (86.2  (156.0  (500.2  844.6   87.2 

Taxable income

   771.3   546.0   424.0   267.0   308.7   292.7 

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

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

 

32


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

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

 

   (in billions of yen) 
   As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Deferred tax assets

   67.0   (27.5  94.5 

Gains on securities related to employees’ retirement benefits trust

   32.8   1.6   31.2 

Net deferred losses on hedging instruments

   19.4   (29.3  48.8 

Write-down on investment securities

   9.2   (1.8  11.1 

Depreciation and Impairment losses

   9.1   (0.2  9.3 

Reserve for contingent losses

   4.5   (0.2  4.7 

Other

   20.1   1.0   19.1 

Valuation allowance

   (28.3  1.4   (29.8

Deferred tax liabilities

   340.9   31.8   309.1 

Unrealized gains on Available-for-sale securities

   248.0   26.0   221.9 

Reserve for retirement benefits

   82.8   4.8   77.9 

Other

   10.1   0.8   9.2 

Net deferred tax assets

   (273.9  (59.3  (214.6

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

 

   (in billions of yen) 
     FY2015      FY2016      FY2017      FY2018      FY2019      FY2020   

Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses

   193.0   181.4   162.1   144.5   142.3   132.3 

Total credit costs

   (0.2  (22.5  23.4   1.3   0.8   0.0 

Income before income taxes

   218.6   156.3   249.7   127.9   148.6   129.4 

Reconciliation to taxable income

   (68.1  1.8   (69.5  (79.2  (39.3  (26.6

Taxable income

   150.4   158.1   180.2   48.7   109.3   102.8 

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

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

 

33


Mitsubishi UFJ Financial Group, Inc.

 

15. Retirement Benefits

MUFG Consolidated

(1) Benefit obligation

 

     (in millions of yen) 
     As of
    March 31, 2021    
(A)
  Increase
(Decrease)
(A) - (B)
  As of
  March 31, 2020  
(B)
 

Projected benefit obligation (reserve type)

  (A)     2,312,473   (22,857    2,335,331 

Projected benefit obligation (non-reserve type)

  (B)   86,007        3,923   82,084      

Fair value of plan assets

  (C)   3,520,144   477,068   3,043,075 

Net amount recorded on the Consolidated Balance Sheet

  (A) + (B) - (C)   (1,121,662  (496,003  (625,659

Net defined benefit liability

   88,914   2,367   86,547 

Net defined benefit asset

   (1,210,577  (498,370  (712,206
(2) Net periodic cost of retirement benefits    
     (in millions of yen) 
     For the fiscal year
ended
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  For the fiscal year
ended
March 31, 2020
(B)
 

Net periodic cost of retirement benefits regarding defined benefit pension plans

   22,824   49,469   (26,645

Service cost

   61,292   (3,499  64,791 

Interest cost

   25,986   (3,572  29,558 

Expected return on plan assets

   (104,306  5,050   (109,356

Amortization of unrecognized prior service cost

   (4,922  651   (5,573

Amortization of unrecognized net actuarial loss

   28,736   49,129   (20,393

Other

   16,037   1,709   14,327 

(3) Assumptions used in calculation of projected benefit obligation

 

   As of March 31, 2021 

Discount rates

   Domestic consolidated subsidiaries    0.00%~0.75% 
   Overseas consolidated subsidiaries    0.00%~8.50% 

Expected return

   Domestic consolidated subsidiaries    1.50%~4.00% 
   Overseas consolidated subsidiaries    0.00%~7.00% 

 

34


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(1) Benefit obligation

 

     (in millions of yen) 
     As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Projected benefit obligation

  (A)   1,402,365   (39,875  1,442,240 

Discount rates

   (0.5% 0.7%)    (0.5% ~ 0.6%) 

Fair value of plan assets

  (B)   2,095,880   312,055   1,783,825 

Prepaid pension cost

  (C)   391,426   28,702   362,724 

Reserve for retirement benefits

  (D)   6,440   776   5,664 

Total amount unrecognized

  (A) - (B) + (C) - (D)   (308,530  (324,004  15,474 

Unrecognized net actuarial loss

   (308,260  (326,715  18,455 

Unrecognized prior service cost

   (269  2,710   (2,980
(2) Net periodic cost    
     (in millions of yen) 
     For the fiscal year
ended
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  For the fiscal year
ended
March 31, 2020
(B)
 

Net periodic cost of retirement benefits

   20,834   36,845   (16,011

Service cost

   33,264   (2,464  35,729 

Interest cost

   10,594   (53  10,647 

Expected return on plan assets

   (46,464  1,529   (47,993

Amortization of unrecognized prior service cost

   (2,730  (900  (1,830

Amortization of unrecognized net actuarial loss

   7,173   36,628   (29,455

Other

   18,996   2,105   16,890 

 

35


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Benefit obligation

 

     (in millions of yen) 
     As of
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  As of
March 31, 2020
(B)
 

Projected benefit obligation

  (A)   329,770   (6,878  336,648 

Discount rates

   (0.5% ~ 0.7%)    (0.4% ~ 0.6%) 

Fair value of plan assets

  (B)   727,941   114,708   613,232 

Prepaid pension cost

  (C)   389,911   15,491   374,419 

Reserve for retirement benefits

  (D)   328   (429  757 

Total amount unrecognized

  (A) - (B) + (C) - (D)  (8,587  (105,665  97,077 

Unrecognized net actuarial loss

   (10,370  (105,440  95,070 

Unrecognized prior service cost

   1,782   (225  2,007 

 

(2) Net periodic cost

 

    
     (in millions of yen) 
     For the fiscal year
ended
March 31, 2021
(A)
  Increase
(Decrease)
(A) - (B)
  For the fiscal year
ended
March 31, 2020
(B)
 

Net periodic cost of retirement benefits

                     (6,233  13,102   (19,335

Service cost

   6,693   (152  6,846 

Interest cost

   1,891   (0  1,892 

Expected return on plan assets

   (24,642  2,378   (27,021

Amortization of unrecognized prior service cost

   225   —     225 

Amortization of unrecognized net actuarial loss

   9,191   10,761   (1,569

Other

   407   116   291 

 

36


Mitsubishi UFJ Financial Group, Inc.

 

(Reference)

1. Financial Statements

BK Non-consolidated

(1) Non-consolidated Balance Sheets

 

(in millions of yen)  As of
    March 31, 2020    
  As of
    March 31, 2021    
 

Assets:

   

Cash and due from banks

   62,272,588   84,701,063 

Call loans

   593,434   468,999 

Receivables under resale agreements

   9,870,103   308,462 

Monetary claims bought

   3,824,545   3,258,939 

Trading assets

   6,834,573   4,895,816 

Money held in trust

   50,987   37,765 

Securities

   50,781,265   61,787,561 

Loans and bills discounted

   88,258,295   88,447,036 

Foreign exchanges

   1,438,965   1,579,671 

Other assets

   8,319,339   6,799,416 

Tangible fixed assets

   792,725   775,742 

Intangible fixed assets

   461,508   465,275 

Prepaid pension costs

   362,724   391,426 

Customers’ liabilities for acceptances and guarantees

   6,236,398   6,523,464 

Allowance for credit losses

   (308,908  (465,391
  

 

 

  

 

 

 

Total assets

     239,788,548     259,975,251 
  

 

 

  

 

 

 

 

37


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)  As of
    March 31, 2020    
  As of
    March 31, 2021    
 

Liabilities:

   

Deposits

   158,248,564   182,239,930 

Negotiable certificates of deposit

   5,301,960   6,067,653 

Call money

   1,206,809   182,220 

Payables under repurchase agreements

   13,847,974   6,058,839 

Payables under securities lending transactions

   19,429   —   

Commercial papers

   1,524,439   880,919 

Trading liabilities

   2,948,964   2,700,766 

Borrowed money

   28,952,597   36,071,586 

Foreign exchanges

   3,059,394   2,772,317 

Bonds payable

   1,854,358   1,617,008 

Other liabilities

   6,185,088   4,302,420 

Reserve for bonuses

   30,424   29,303 

Reserve for bonuses to directors

   144   155 

Reserve for stocks payment

   5,014   4,788 

Reserve for retirement benefits

   5,664   6,440 

Reserve for loyalty award credits

   1,412   1,246 

Reserve for contingent losses

   57,015   65,586 

Deferred tax liabilities

   397,510   455,256 

Deferred tax liabilities for land revaluation

   103,409   97,744 

Acceptances and guarantees

   6,236,398   6,523,464 
  

 

 

  

 

 

 

Total liabilities

     229,986,579     250,077,648 
  

 

 

  

 

 

 

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

   2,932,893   2,782,616 

Revenue reserve

   190,044   190,044 

Other retained earnings

   2,742,849   2,592,572 

Funds for retirement benefits

   2,432   2,432 

Other reserve

   718,196   718,196 

Earned surplus brought forward

   2,022,220   1,871,943 

Treasury stock

   (645,700  (645,700
  

 

 

  

 

 

 

Total shareholders’ equity

   7,877,427   7,727,150 
  

 

 

  

 

 

 

Net unrealized gains (losses) on available-for-sale securities

   1,391,751   1,812,832 

Net deferred gains (losses) on hedging instruments

   329,943   167,610 

Land revaluation excess

   202,845   190,008 
  

 

 

  

 

 

 

Total valuation and translation adjustments

   1,924,541   2,170,452 
  

 

 

  

 

 

 

Total net assets

   9,801,968   9,897,602 
  

 

 

  

 

 

 

Total liabilities and net assets

   239,788,548   259,975,251 
  

 

 

  

 

 

 

 

38


Mitsubishi UFJ Financial Group, Inc.

 

BK Non-consolidated

(2) Non-consolidated Statements of Income

 

(in millions of yen)  For the fiscal year
ended

March 31, 2020
  For the fiscal year
ended

March 31, 2021
 

Ordinary income

     3,661,200     2,635,402 

Interest income

   2,058,262   1,298,091 

Interest on loans and bills discounted

   1,350,390   901,983 

Interest and dividends on securities

   425,875   275,239 

Fees and commissions

   590,052   555,789 

Trading income

   12,944   108,449 

Other operating income

   764,142   500,926 

Other ordinary income

   235,798   172,144 

Ordinary expenses

   3,202,016   2,433,154 

Interest expenses

   1,240,473   451,561 

Interest on deposits

   463,740   133,534 

Fees and commissions

   184,038   163,235 

Trading expenses

   470   —   

Other operating expenses

   454,171   297,367 

General and administrative expenses

   1,135,275   1,183,634 

Other ordinary expenses

   187,587   337,356 
  

 

 

  

 

 

 

Ordinary profits

   459,184   202,247 
  

 

 

  

 

 

 

Extraordinary gains

   21,197   31,089 

Extraordinary losses

   1,016,308   27,753 
  

 

 

  

 

 

 

Income (loss) before income taxes

   (535,927  205,583 
  

 

 

  

 

 

 

Income taxes - current

   96,429   101,551 

Income taxes - deferred

   20,716   (40,447
  

 

 

  

 

 

 

Total taxes

   117,145   61,103 
  

 

 

  

 

 

 

Net income (loss)

   (653,072  144,479 
  

 

 

  

 

 

 

 

39


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(1) Non-consolidated Balance Sheets

 

(in millions of yen)  As of
    March 31, 2020    
  As of
    March 31, 2021    
 

Assets:

   

Cash and due from banks

   11,162,691   12,637,769 

Call loans

   90,970   407,532 

Receivables under resale agreements

   700,967   14,182 

Receivables under securities borrowing transactions

   118,575   204,836 

Monetary claims bought

   143,684   48,438 

Trading assets

   587,323   59,308 

Money held in trust

   130,360   138,078 

Securities

   12,369,912   13,083,825 

Loans and bills discounted

   4,081,093   3,289,807 

Foreign exchanges

   87,154   119,636 

Other assets

   963,619   1,293,319 

Tangible fixed assets

   128,874   128,832 

Intangible fixed assets

   77,920   83,552 

Prepaid pension costs

   374,419   389,911 

Customers’ liabilities for acceptances and guarantees

   18,812   26,371 

Allowance for credit losses

   (1,462  (1,457
  

 

 

  

 

 

 

Total assets

     31,034,919     31,923,946 
  

 

 

  

 

 

 

 

40


Mitsubishi UFJ Financial Group, Inc.

 

(in millions of yen)  As of
    March 31, 2020    
  As of
    March 31, 2021    
 

Liabilities:

   

Deposits

   11,135,484   10,873,215 

Negotiable certificates of deposit

   2,203,473   1,894,446 

Call money

   —     6,738 

Payables under repurchase agreements

   5,511,235   4,978,918 

Commercial papers

   456,924   816,071 

Trading liabilities

   42,670   58,858 

Borrowed money

   1,664,830   2,031,265 

Foreign exchanges

   44,956   70,007 

Bonds payable

   418,160   216,910 

Due to trust accounts

   6,703,133   7,661,089 

Other liabilities

   549,934   757,038 

Reserve for bonuses

   4,763   4,813 

Reserve for bonuses to directors

   104   103 

Reserve for stocks payment

   3,765   3,284 

Reserve for retirement benefits

   757   328 

Reserve for contingent losses

   15,470   14,781 

Deferred tax liabilities

   214,601   273,957 

Deferred tax liabilities for land revaluation

   4,232   3,833 

Acceptances and guarantees

   18,812   26,371 
  

 

 

  

 

 

 

Total liabilities

     28,993,311     29,692,033 
  

 

 

  

 

 

 

Net assets:

   

Capital stock

   324,279   324,279 

Capital surplus

   455,970   455,970 

Capital reserve

   250,619   250,619 

Other capital surplus

   205,351   205,351 

Retained earnings

   1,152,423   1,210,765 

Revenue reserve

   73,714   73,714 

Other retained earnings

   1,078,709   1,137,051 

Funds for retirement benefits

   710   710 

Other reserve

   138,495   138,495 

Earned surplus brought forward

   939,504   997,846 

Treasury stock

   (299,999  (299,999
  

 

 

  

 

 

 

Total shareholders’ equity

   1,632,673   1,691,015 
  

 

 

  

 

 

 

Net unrealized gains (losses) on available-for-sale securities

   519,790   585,976 

Net deferred gains (losses) on hedging instruments

   (110,579  (44,067

Land revaluation excess

   (276  (1,010
  

 

 

  

 

 

 

Total valuation and translation adjustments

   408,934   540,897 
  

 

 

  

 

 

 

Total net assets

   2,041,608   2,231,913 
  

 

 

  

 

 

 

Total liabilities and net assets

   31,034,919   31,923,946 
  

 

 

  

 

 

 

 

41


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(2) Non-consolidated Statements of Income

 

(in millions of yen)  For the fiscal year
ended
March 31, 2020
   For the fiscal year
ended
March 31, 2021
 

Ordinary income

   704,295    568,370 

Trust fees

   104,361    113,809 

Interest income

   347,208    193,491 

Interest on loans and bills discounted

   39,560    21,061 

Interest and dividends on securities

   243,591    154,896 

Fees and commissions

   131,739    149,954 

Trading income

   9,537    393 

Other operating income

   59,800    50,486 

Other ordinary income

   51,647    60,234 

Ordinary expenses

   553,718    435,335 

Interest expenses

   234,807    63,810 

Interest on deposits

   28,158    5,913 

Fees and commissions

   36,723    49,976 

Trading expenses

   220    1,583 

Other operating expenses

   49,234    61,199 

General and administrative expenses

   188,533    209,275 

Other ordinary expenses

   44,198    49,488 
  

 

 

   

 

 

 

Ordinary profits

   150,577    133,035 
  

 

 

   

 

 

 

Extraordinary gains

   2,793    1,593 

Extraordinary losses

   4,696    5,172 
  

 

 

   

 

 

 

Income before income taxes

   148,674    129,456 
  

 

 

   

 

 

 

Income taxes - current

   32,019    29,773 

Income taxes - deferred

   3,573    3,279 
  

 

 

   

 

 

 

Total taxes

   35,593    33,052 
  

 

 

   

 

 

 

Net income

     113,081      96,403 
  

 

 

   

 

 

 

 

42


Mitsubishi UFJ Financial Group, Inc.

 

TB Non-consolidated

(3) Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship

 

(in millions of yen)  As of
    March 31, 2020