MITSUBISHI UFJ FINANCIAL GROUP, INC For the Fiscal Year Ended March 31, 2016
Date: July 15, 2016
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, 2016
Operating results
(in millions of yen, except per share data)
For the fiscal years ended March 31,
2016
2015
Total revenue
5,413,428
5,739,723
Income before income tax expense
1,162,670
2,262,656
Net income attributable to Mitsubishi UFJ Financial Group
802,332
1,531,127
Basic earnings per common share - Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)
57.78
107.81
Diluted earnings per common share - Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group (in yen)
57.51
107.50
Comprehensive income attributable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2016 and 2015 were
￥41,921 million and ￥3,240,700 million, respectively. Notes:
1. Average number of shares outstanding (in thousands of shares)
For the fiscal years ended March 31,
2016
2015
Common stock
13,885,842
14,118,469
2." Basic earnings per common share" and "Diluted earnings per common share" are based on "Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group."
Financial condition
(in millions of yen)
As of March 31,
2016
2015
Total assets
292,570,296
280,886,326
Total Mitsubishi UFJ Financial Group shareholders' equity
14,270,625
14,679,065
Cash flows
(in millions of yen)
For the fiscal years ended March 31, | ||
2016 | 2015 | |
Net cash provided by operating activities | 4,181,040 | 2,384,590 |
Net cash used in investing activities | (12,994,976) | (10,975,679) |
Net cash provided by financing activities | 14,168,679 | 8,183,248 |
Cash and cash equivalents at end of period | 8,656,322 | 3,353,236 |
This report is an excerpt of certain highlights from Mitsubishi UFJ Financial Group, Inc.'s consolidated financial information under U.S. GAAP that is included in the company's annual report on Form 20-F (the "Form 20-F") to be 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.
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, and natural disasters, cyber-attacks and other external events. 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) 2016 2015
Assets: Cash and due from banks | 8,656,322 | 3,353,236 |
Interest-earning deposits in other banks | 41,017,579 | 37,364,698 |
Call loans and funds sold | 699,025 | 660,416 |
Receivables under resale agreements | 7,446,665 | 7,273,008 |
Receivables under securities borrowing transactions | 6,041,984 | 4,659,545 |
Trading account assets Investment securities: Available-for-sale securities-carried at fair value | 50,825,399 41,226,231 | 46,904,903 47,490,404 |
Held-to-maturity securities-carried at amortized cost | 3,866,668 | 4,130,451 |
Other investment securities | 554,715 | 587,119 |
Total investment securities | 45,647,614 | 52,207,974 |
Loans, net of unearned income, unamortized premiums and deferred loan fees | 122,790,958 | 118,265,202 |
Allowance for credit losses | (1,111,130) | (1,055,479) |
Net loans | 121,679,828 | 117,209,723 |
Premises and equipment-net | 1,005,905 | 982,205 |
Accrued interest | 325,373 | 323,496 |
Customers' acceptance liability | 132,532 | 205,384 |
Intangible assets-net | 1,015,150 | 1,160,164 |
Goodwill | 454,375 | 807,610 |
Deferred tax assets | 155,010 | 90,674 |
Other assets | 7,467,535 | 7,683,290 |
Total assets | 292,570,296 | 280,886,326 |
Deposits:
Domestic offices:
Non-interest-bearing | 20,045,780 | 17,829,620 |
Interest-bearing | 115,432,472 | 107,968,674 |
Overseas offices: | ||
Non-interest-bearing | 5,919,018 | 5,616,266 |
Interest-bearing | 40,040,817 | 40,576,707 |
Total deposits | 181,438,087 | 171,991,267 |
Call money and funds purchased | 1,388,589 | 3,668,986 |
Payables under repurchase agreements | 22,114,424 | 20,728,205 |
Payables under securities lending transactions | 4,710,407 | 8,205,349 |
Due to trust account | 6,338,154 | 1,610,992 |
Other short-term borrowings | 9,357,728 | 11,545,807 |
Trading account liabilities | 21,025,012 | 17,029,385 |
Obligations to return securities received as collateral | 1,919,066 | 2,651,151 |
Bank acceptances outstanding | 132,532 | 205,384 |
Accrued interest | 132,802 | 132,330 |
Long-term debt | 21,972,077 | 19,968,735 |
Other liabilities | 7,193,151 | 7,867,394 |
Total liabilities | 277,722,029 | 265,604,985 |
Mitsubishi UFJ Financial Group shareholders' equity:
Capital stock | 2,090,270 | 2,090,270 |
Capital surplus Retained earnings: Appropriated for legal reserve | 5,958,929 239,571 | 5,959,626 239,571 |
Unappropriated retained earnings | 3,980,257 | 3,424,864 |
Accumulated other comprehensive income, net of taxes | 2,301,259 | 3,067,255 |
Treasury stock, at cost | (299,661) | (102,521) |
Total Mitsubishi UFJ Financial Group shareholders' equity | 14,270,625 | 14,679,065 |
Noncontrolling interests | 577,642 | 602,276 |
Total equity | 14,848,267 | 15,281,341 |
Total liabilities and equity | 292,570,296 | 280,886,326 |
（US GAAP） Mitsubishi UFJ Financial Group, Inc. and Subsidiaries Consolidated Statements of Income | ||
For the fiscal years ended March 31, | ||
(in millions of yen) | 2016 2015 | |
Interest income: Loans, including fees | 2,054,338 1,981,274 | |
Deposits in other banks Investment securities: Interest | 82,654 64,270 254,214 252,149 | |
Dividends | 133,828 131,593 | |
Trading account assets | 422,080 400,020 | |
Call loans and funds sold | 10,450 11,181 | |
Receivables under resale agreements and securities borrowing transactions | 48,174 54,158 | |
Total | 3,005,738 2,894,645 | |
Interest expense: Deposits | 350,335 300,692 | |
Call money and funds purchased | 8,802 7,287 | |
Payables under repurchase agreements and securities lending transactions | 45,201 41,294 | |
Due to trust account | 505 504 | |
Other short-term borrowings and trading account liabilities | 54,572 60,452 | |
Long-term debt | 284,949 252,955 | |
Total | 744,364 663,184 | |
Net interest income | 2,261,374 2,231,461 | |
Provision for credit losses | 231,862 86,998 | |
Net interest income after provision for credit losses | 2,029,512 2,144,463 | |
Non-interest income: Fees and commissions income | 1,475,872 1,400,980 | |
Foreign exchange gains (losses)-net | 192,086 (113,073) | |
Trading account profits-net | 276,654 1,148,661 | |
Investment securities gains-net | 232,259 154,687 | |
Equity in earnings of equity method investees-net | 176,857 172,946 | |
Gains on sales of loans | 12,293 15,027 | |
Other non-interest income | 41,669 65,850 | |
Total | 2,407,690 2,845,078 | |
Non-interest expense: Salaries and employee benefits | 1,158,896 1,097,452 | |
Occupancy expenses-net | 182,782 168,780 | |
Fees and commission expenses | 285,387 248,136 | |
Outsourcing expenses, including data processing | 244,734 241,650 | |
Depreciation of premises and equipment | 99,680 108,659 | |
Amortization of intangible assets | 237,342 222,353 | |
Impairment of intangible assets | 117,726 677 | |
Insurance premiums, including deposit insurance | 91,854 115,451 | |
Communications | 58,314 54,712 | |
Taxes and public charges | 93,734 96,627 | |
Impairment of goodwill | 333,719 3,432 | |
Other non-interest expenses | 370,364 368,956 | |
Total | 3,274,532 2,726,885 | |
Income before income tax expense | 1,162,670 | 2,262,656 |
Income tax expense | 369,432 | 666,020 |
Net income before attribution of noncontrolling interests | 793,238 | 1,596,636 |
Net income (loss) attributable to noncontrolling interests | (9,094) | 65,509 |
Net income attributable to Mitsubishi UFJ Financial Group | 802,332 | 1,531,127 |
Income allocated to preferred shareholders: Cash dividends paid | - | 8,970 |
Earnings applicable to common shareholders of Mitsubishi UFJ Financial Group | 802,332 | 1,522,157 |
(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 | 57.78 | 107.81 |
Diluted earnings per common share-Earnings applicable to common shareholders of
Mitsubishi UFJ Financial Group 57.51 107.50
Mitsubishi UFJ Financial Group Inc. published this content on 15 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 July 2016 07:53:06 UTC.
Original documenthttp://www.mufg.jp/english/vcms_lf/news/pressrelease-20160715-001-e.pdf
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