For the Fiscal Year Ended March 31, 2017
Date: July 18, 2017
Company name (code number): Mitsubishi UFJ Financial Group, Inc. (8306)
(URL http://www.mufg.jp/)
Stock exchange listings: Tokyo, Nagoya, New York
Representative: Nobuyuki Hirano, President & Group CEO
For inquiry: Kazutaka Yoneda, General Manager-Financial Planning Division / Financial Accounting Office (Phone) +81-3-3240-3110
Consolidated financial data for the fiscal year ended March 31, 2017
Operating results
(in millions of yen, except per share data)
For the fiscal years ended March 31,
2017
2016
Total revenue
4,187,473
5,413,428
Income before income tax expense
272,543
1,162,670
Net income attributable to Mitsubishi UFJ Financial Group
202,680
802,332
Basic earnings per common share - Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)
14.93
57.78
Diluted earnings per common share - Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)
14.68
57.51
Notes:
Comprehensive income attributable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2017 and 2016 were
¥178,971 million and ¥41,921 million, respectively.
Average number of shares outstanding (in thousands of shares)
For the fiscal years ended March 31,
2017
2016
Common stock
13,574,314
13,885,842
Financial condition
(in millions of yen)
As of March 31,
2017
2016
Total assets
297,185,019
292,557,355
Total Mitsubishi UFJ Financial Group shareholders' equity
13,985,532
14,270,625
Cash flows
(in millions of yen)
For the fiscal years ended March 31,
2017
2016
Net cash provided by operating activities
685,194
4,181,040
Net cash provided by (used in) investing activities
7,248,335
(12,994,976)
Net cash provided by financing activities
9,145,300
14,168,679
Cash and cash equivalents at end of period
25,682,741
8,656,322
This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.'s consolidated financial information under U.S. GAAP included in the company's annual report on Form 20-F (the "Form 20-F") that has been filed with the U.S. Securities and Exchange Commission. This excerpt report does not contain all of the information that may be important to you. In addition to the items highlighted in this report, the Form 20-F includes material disclosure about the company, including its business and other detailed U.S. GAAP financial information. You should read the entire Form 20-F carefully to obtain a comprehensive understanding of the company's business and U.S. GAAP financial data and related issues.
The company's financial information for reporting in Japan and for Japanese bank regulatory purposes is prepared in accordance with Japanese GAAP. U.S. GAAP differs in certain respects from Japanese GAAP and accounting principles generally accepted in other jurisdictions.
This report contains forward-looking statements regarding estimates, forecasts, targets and plans in relation to the results of operations, financial condition and other general management of the company (the "forward-looking statements"). The forward-looking statements are made based upon, among other things, the company's current expectations, perceptions, evaluations and opinions. In addition, in order for the company to adopt such estimates, forecasts, targets and plans regarding future events, certain assumptions have been made, which assumptions are inherently subjective and uncertain. The forward-looking statements should not be viewed as guarantees of future performance as actual results may be significantly different. For instance, the disclosures regarding provision for credit losses, valuation of financial assets and realizability of the deferred tax assets are based on assumptions and other estimates such as economic factors, the company's business plans and performance, and other factors. There exist a number of factors that may lead to uncertainties and risks, including, but not limited to, the deterioration of the Japanese and global economies, changes in borrower conditions, fluctuations in interest rates, foreign currency exchange rates, stock prices, commodities prices and real estate prices, legal proceedings, changes in the regulatory and competitive environment, malfunctions and deficiencies in our IT systems, natural disasters, cyber-attacks and other external events, and difficulties in hiring and retaining qualified employees. For the key factors that should be considered, please see the financial highlight, the Annual Securities Report, the Disclosure Book, the Annual Report, the Form 20-F and other current disclosures that the company has publicly released.
(US GAAP)
Mitsubishi UFJ Financial Group, Inc. and SubsidiariesConsolidated Balance Sheets
As of March 31,
(in millions of yen) 2017 2016
Liabilities:Assets:
Cash and due from banks
25,682,741
8,656,322
Interest-earning deposits in other banks
38,327,029
41,017,579
Call loans and funds sold
704,237
699,025
Receivables under resale agreements
8,188,146
7,446,665
Receivables under securities borrowing transactions
11,002,724
6,041,984
Trading account assets
Investment securities:
Available-for-sale securities-carried at fair value
41,320,049
39,090,099
50,825,399
41,226,231
Held-to-maturity securities-carried at amortized cost
3,587,321
3,866,668
Other investment securities
556,161
554,715
Total investment securities
43,233,581
45,647,614
Loans, net of unearned income, unamortized premiums and deferred loan fees
118,214,972
122,790,958
Allowance for credit losses
(1,182,188)
(1,111,130)
Net loans
117,032,784
121,679,828
Premises and equipment-net
994,271
1,005,905
Accrued interest
281,752
325,373
Customers' acceptance liability
156,208
132,532
Intangible assets-net
1,020,359
1,015,150
Goodwill
450,143
454,375
Deferred tax assets
76,452
155,010
Other assets
8,714,543
7,454,594
Total assets
297,185,019
292,557,355
Deposits:
Domestic offices:
Equity:Non-interest-bearing
23,098,886
20,045,780
Interest-bearing
121,741,545
115,432,472
Overseas offices:
Non-interest-bearing
6,387,219
5,919,018
Interest-bearing
39,173,973
40,040,817
Total deposits
190,401,623
181,438,087
Call money and funds purchased
1,974,977
1,388,589
Payables under repurchase agreements
16,081,499
22,114,424
Payables under securities lending transactions
5,549,004
4,710,407
Due to trust account
3,335,155
6,338,154
Other short-term borrowings
7,969,521
9,357,728
Trading account liabilities
18,790,133
21,025,012
Obligations to return securities received as collateral
3,516,232
1,919,066
Bank acceptances outstanding
156,208
132,532
Accrued interest
147,351
132,802
Long-term debt
27,743,443
21,959,136
Other liabilities
6,755,165
7,193,151
Total liabilities
282,420,311
277,709,088
Mitsubishi UFJ Financial Group shareholders' equity:
Capital stock
2,090,270
2,090,270
Capital surplus
Retained earnings:
Appropriated for legal reserve
5,956,644
239,571
5,958,929
239,571
Unappropriated retained earnings
3,931,612
3,980,257
Accumulated other comprehensive income, net of taxes
2,281,423
2,301,259
Treasury stock, at cost
(513,988)
(299,661)
Total Mitsubishi UFJ Financial Group shareholders' equity
13,985,532
14,270,625
Noncontrolling interests
779,176
577,642
Total equity
14,764,708
14,848,267
Total liabilities and equity
297,185,019
292,557,355
(US GAAP)
Mitsubishi UFJ Financial Group, Inc. and Subsidiaries
Consolidated Statements of Income
For the fiscal years ended March 31,
(in millions of yen)
2017 2016
Interest income:
Loans, including fees
2,023,649 2,054,338
Deposits in other banks Investment securities:
Interest
78,735 82,654
235,638 254,214
Dividends
135,506 133,828
Trading account assets
455,860 422,080
Call loans and funds sold
11,023 10,450
Receivables under resale agreements and securities borrowing transactions
50,356 48,174
Total
2,990,767 3,005,738
Interest expense:
Deposits
347,430 350,335
Call money and funds purchased
1,791 8,802
Payables under repurchase agreements and securities lending transactions
80,598 45,201
Due to trust account
207 505
Other short-term borrowings and trading account liabilities
61,137 54,572
Long-term debt
278,476 284,949
Total
769,639 744,364
Net interest income
2,221,128 2,261,374
Provision for credit losses
253,688 231,862
Net interest income after provision for credit losses
1,967,440 2,029,512
Non-interest income:
Fees and commissions income
1,414,893 1,475,872
Foreign exchange gains (losses)-net
(134,885) 192,086
Trading account profits (losses)-net
(639,184) 276,654
Investment securities gains-net
281,158 232,259
Equity in earnings of equity method investees-net
197,821 176,857
Gains on sales of loans
13,286 12,293
Other non-interest income
63,617 41,669
Total
1,196,706 2,407,690
Non-interest expense:
Salaries and employee benefits
1,096,797 1,158,896
Occupancy expenses-net
176,819 182,782
Fees and commission expenses
273,675 285,387
Outsourcing expenses, including data processing
258,345 244,734
Depreciation of premises and equipment
99,774 99,680
Amortization of intangible assets
227,942 237,342
Impairment of intangible assets
5,803 117,726
Insurance premiums, including deposit insurance
91,881 91,854
Communications
55,274 58,314
Taxes and public charges
94,047 93,734
Impairment of goodwill
6,638 333,719
Provision (credit) for off-balance sheet credit instruments
106,556 (185)
Other non-interest expenses
398,052 370,549
Total
2,891,603 3,274,532
Income before income tax expense
272,543
1,162,670
Income tax expense
94,453
369,432
Net income before attribution of noncontrolling interests
178,090
793,238
Net loss attributable to noncontrolling interests
(24,590)
(9,094)
Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group
202,680
802,332
(in yen)
Earnings per common share applicable to common shareholders of Mitsubishi UFJ Financial Group:
Basic earnings per common share-Earnings applicable to common shareholders of
Mitsubishi UFJ Financial Group
14.93
57.78
Diluted earnings per common share-Earnings applicable to common shareholders of
Mitsubishi UFJ Financial Group 14.68 57.51
Mitsubishi UFJ Financial Group Inc. published this content on 18 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 July 2017 00:37:13 UTC.
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