Mitsubishi UFJ Financial : Consolidated Summary Report for the Fiscal Year Ended March 31, 2018 (under US GAAP)

Consolidated financial data for the fiscal year ended March 31, 2018

(1) Operating results

(in millions of yen, except per share data)

• 1. Comprehensive income attributable to Mitsubishi UFJ Financial Group for the fiscal years ended March 31, 2018 and 2017 were ￥1,453,005 million and ￥178,971 million, respectively.

• 2. Average number of shares outstanding

(2) Financial condition

(in thousands of shares)

(in millions of yen)

(3) Cash flows

(in millions of yen)

As a result of adopting new guidance on restricted cash retrospectively, the consolidated statements of cash flows for the fiscal year ended March 31, 2017 was revised. Please refer to the page 5 "Accounting Changes" for the details of the revision.

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.

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, failure to achieve or delay in the Company's business strategy, 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 Subsidiaries Consolidated Balance Sheets

As of March 31,

(in millions of yen)

Net loans

（US GAAP）

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Income

For the fiscal years ended March 31,

（US GAAP）

Mitsubishi UFJ Financial Group, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income

For the fiscal years ended March 31,

(in millions of yen)

2018

2017

Net income before attribution of noncontrolling interests Other comprehensive income (loss), net of tax:

1,253,996 178,090

Net unrealized gains on investment securities Net debt valuation adjustments

230,308 12,961

(2,178) (8,552)

Net unrealized losses on derivatives qualifying for cash flow hedges Defined benefit plans

(7,025) (13,245)

109,838 103,572

Foreign currency translation adjustments Total

(104,778) (143,210)

226,165 (48,474)

Comprehensive income

1,480,161

129,616

Net income (loss) attributable to noncontrolling interests

25,836 (24,590)

Other comprehensive income (loss) attributable to noncontrolling interests Comprehensive income attributable to Mitsubishi UFJ Financial Group

1,320 (24,765)

1,453,005

178,971

Loans

As of March 31,

(in millions of yen)

Impaired loans

Other than impaired loans

Total

Allowance for credit losses

As of March 31,

(in millions of yen)

Related to impaired loans

Related to other than impaired loans

Total

Reclassifications of Consolidated Financial Statements

Certain reclassifications have been made to the consolidated financial statement for the fiscal year ended March 31, 2017 to conform to the presentation for the fiscal year ended March 31, 2018, which include the reclassifications of long-term repurchase agreements from "Long-term debt" to "Payables under repurchase agreements" in the consolidated balance sheet, and the related interest expense from "Long-term debt" to "Payables under repurchase agreements and securities lending transactions" within interest expense in the consolidated statements of income.

Accounting Changes

The MUFG Group early adopted new guidance on restricted cash retrospectively. The adoption of the guidance resulted in reclassification of restricted cash balances into cash and cash equivalents on the consolidated statements of cash flows. In addition, the MUFG Group included cash and due from banks and interest-earning deposits in other banks in cash and cash equivalents in the consolidated statements of cash flows, resulting in interest-earning deposits in other banks no longer being reflected in investing activities. Upon adoption, the MUFG Group recorded an increase of ¥5,235 million in Net cash provided by operating activities, and a decrease of ¥2,407,935 million in Net cash provided by investing activities for the fiscal year ended March 31, 2017 retrospectively.

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