Fiscal 2012 Interim Results Databook

Transcription

1 Mitsubishi UFJ Financial Group Fiscal Interim Results Databook November 6,

2 This document contains forwardlooking statements in regard to forecasts, targets and plans of Mitsubishi UFJ Financial Group, Inc. ( MUFG ) and its group companies (collectively, the group ). These forwardlooking statements are based on information currently available to the group and are stated here on the basis of the outlook at the time that this document was produced. In addition, in producing these statements certain assumptions (premises) have been utilized. These statements and assumptions (premises) are subjective and may prove to be incorrect and may not be realized in the future. Underlying such circumstances are a large number of risks and uncertainties. Please see other disclosure and public filings made or will be made by MUFG and the other companies comprising the group, including the latest kessantanshin, financial reports, Japanese securities reports and annual reports, for additional information regarding such risks and uncertainties. The group has no obligation or intent to update any forwardlooking statements contained in this document. In addition, information on companies and other entities outside the group that is recorded in this document has been obtained from publicly available information and other sources. The accuracy and appropriateness of that information has not been verified by the group and cannot be guaranteed. The financial information used in this document was prepared in accordance with accounting standards generally accepted in Japan, or Japanese GAAP. Definitions of figures used in this document Consolidated : Mitsubishi UFJ Financial Group (consolidated) Sum of nonconsolidated : Bank of TokyoMitsubishi UFJ (nonconsolidated) + Mitsubishi UFJ Trust & Banking Corporation (nonconsolidated) (without other adjustments) Commercial bank (consolidated) : Bank of TokyoMitsubishi UFJ (consolidated) Commercial bank : Bank of TokyoMitsubishi UFJ (nonconsolidated) Trust bank (consolidated) : Mitsubishi UFJ Trust & Banking Corporation (consolidated) Trust bank : Mitsubishi UFJ Trust & Banking Corporation (nonconsolidated)

3 Agenda MUFG at a Glance Outline of Fiscal Interim Results Group structure Group network MUFG s ranking Ratings Net interest income Source and use of funds Noninterest income Consolidated/Nonconsolidated differences 6 8 General and administrative expenses 9 Nonrecurring gains/losses, Extraordinary gains/losses Assets and Liabilities Mitsubishi UFJ Securities Holdings Mitsubishi UFJ Morgan Stanley Securities UnionBanCal Corporation (US GAAP) 6 Mitsubishi UFJ NICOS ACOM kabu.com Securities Consumer finance 6 Mitsubishi UFJ Lease & Finance 7 Asset management 8

4 Agenda Business Segment Information Assets and Capital Profits by business segment Non performing loans based on the FRL 6 Retail Gross profits, Net operating profits Reserves and secured coverage 6 Retail Investment products Reserve ratios 6 Retail Insurance product sales Investment securities portfolio 6 Retail Housing loans Exposures to securitized products 66 Retail Consumer finance Capital ratios 69 Retail Inheritance and Real estate 6 Deferred tax assets 7 Corporate (domestic) Gross profits, Net operating profits 7 Retirement benefits 7 Corporate (domestic) Deposit & lending Corporate (domestic) Settlement business Corporate (domestic) Investment banking 8 9 Reference Major subsidiaries and affiliates 7 Corporate (domestic) Real estate and transfer agency business Global Gross profits, Net operating profits Global Asia business Global Americas business Global EMEA business 6 Exposures by country and region Loans to North Africa and Middle East Investment to Morgan Stanley Shares (Common, Preferred stock) Preferred securities Shareholder structure Trust Assets Gross profits, Net operating profits Trust Assets Pension business Trust Assets Investment trust management/administration Trust Assets Global custody business Dividends on common stock Comparison with other Japanese financial groups Number of outlets Issued foreign currency straight bonds

5 MUFG at a Glance

6 Group structure Holding Company Mitsubishi UFJ Financial Group (MUFG) Total Assets 8.6tn Total Loans 8.6tn Total Deposits.tn (As of End Sep ) Employees approx., (As of End Mar ) The Bank of TokyoMitsubishi UFJ Mitsubishi UFJ Trust and Banking Mitsubishi UFJ Securities Holdings Mitsubishi UFJ NICOS Mitsubishi UFJ Lease & Finance * Securities Group companies in other main financial areas Mitsubishi UFJ Morgan Stanley Securities Asset management Mitsubishi UFJ Asset Management / KOKUSAI Asset Management Consumer finance / Installment credit ACOM /JACCS * Real estate Mitsubishi UFJ Real Estate Services Private banking Mitsubishi UFJ Merrill Lynch PB Securities Venture capital Mitsubishi UFJ Capital Online securities kabu.com Securities Research & consulting Mitsubishi UFJ Research & Consulting Mobile internet bank Jibun Bank * Overseas UnionBanCal Corporation * an equity method affiliate of MUFG

7 Group network Solid domestic customer base with million retail accounts and, corporate clients Most extensive global network among Japanese financial groups with over bases in more than countries MUFG の拠点網 * MUFG s branch network * Domestic branches and offices Overseas subsidiaries, branches, and offices Western Japan (incl. Osaka) 6 Retail: Corporate: Eastern Japan 7 (incl. Tokyo) Retail: Central Japan Corporate:6 (incl. Nagoya) Retail:9 Corporate:68 Europe, Middle East & Africa 7 Asia & Oceania 96 UNBC Americas 9 * Total of BTMU, MUTB and MUMSS (As of End Sep ) 6

8 MUFG s ranking Deposits * Market Cap (as of End Jun ) (as of End Sep ) Rank Company Name tn Rank Company Name tn Industrial and Commercial Bank of China 6. China Construction Bank 7. Industrial and Commercial Bank of China 6. Wells Fargo. Agricultural Bank of China. China Construction Bank.8 MUFG Bank of China. 9. HSBC. JPMorgan Chase & Co..99 Loans * 6 Agricultural Bank of China 9.9 Rank Company Name (as of End Jun ) tn 7 Bank of China 9. Industrial and Commercial Bank of China. China Construction Bank Citigroup Bank of America MUFG 8. Commonweaith 7.8 Bank of China 8.9 Credit Agricole 8. 6 MUFG.8 (Source) Compiled by BTMU Economic Research Office based on company disclosures * Excluding public financial institutions (Source) Compiled by BTMU Economic Research Office based on Bloomberg 7

9 Ratings Moody s S&P FITCH R&I JCR : no credit ratings Shortterm Longterm Longterm Shortterm Longterm Shortterm Longterm Shortterm Longterm Shortterm MUFG A A AA BTMU Aa P * A+ A A F A+ a AA MUTB Aa * P * A+ A A F A+ AA J+ MUSHD A P A A A+ AA MUMSS A P A+ A A+ a AA MUN A P A+ A A F MUL A AAa J+ ACOM BB+ B BBB+ F BBB A J MUL A A A+ AAa J+ * Bank Deposits ratings (as of Nov, ) 8

10 Outline of Fiscal Interim Results 9

11 Net interest income (Domestic business) Investment securities Others Deposits Negotiable certificates of deposits Interest on corporate bonds, etc Payables under repurchase agreements External liabilities* Others FY H FY H Change Net interest income 9.6. (9.) Revenue on interestearning assets Loans * Expenses on interestbearing liabilities * Loans for financial institutions are not included * Total of call money, bills sold and borrowed money (.) (.) (7.) (.) (6.) (.) (.) (.9) (.) Interest income changes FY H Commercial bank Interest on Loans :. bn Avg. loan balance : +.7 tn, Yield bp Interest on Deposits :. bn Avg. deposit balance : +. tn, Yield bp Interest & dividend : 7. bn on securities JGBs :. bn (Avg. balance +.6tn, Yield 8bp) Corporate bonds :.7 bn (Avg. balance.6 tn, Yield +bp) Equities : +. bn ( tn) Domestic interest income..7 FY H (%) Avg. loan balance Avg. deposits balance Net interest margin (RHS) DepositLending spread (RHS)

12 Net interest income (International business) Commercial bank Interest income changes Net interest income Net interest rate swap. (.) (.7) Revenue on interestearning assets Loans * Investment securities Due from banks Net interest rate swap income Others Expenses on interestbearing liabilities Deposits Negotiable certificates of deposits Interest on corporate bonds, etc Payables under repurchase agreements External liabilities* Net interest rate swap expense FY H (.). 6 Others... * Loans for financial institutions are not included * Total of call money, bills sold and borrowed money FY H Change 8..7 (.7) (.) (.).6 (.).7..6 Interest on Loans : + 8. bn Avg. loan balance : +.9 tn, Yield +bp Interest on Deposits :. bn Avg. deposit balance : +. tn, Yield 6bp Interest & dividend : +.7 bn on securities Foreign securities : +.7 bn (Avg. balance +.tn, Yield +bp) ( tn) International interest income FY H 9.8 FY H (%) Avg. loan balance Avg. deposits balance Net interest margin (RHS) DepositLending spread (RHS)

13 Net interest income Net interest income (.) Net interest rate swap.. (.) (Domestic business) Revenue on interestearning assets Loans * Investment securities Others Expenses on interestbearing liabilities Deposits Negotiable certificates of deposits Interest on corporate bonds, etc. External liabilities * FY H * Loans for financial institutions are not included * Total of call money, bills sold and borrowed money FY H Change (.9) (.7) (.) (.) (.) (.8). (.) (.) Interest on Loans :.7 bn Avg. loan balance :. tn, Yield bp Interest on Deposits :.8 bn Avg. deposit balance :. tn, Yield bp Interest & dividend :. bn on securities JGBs :.8 bn (Avg. balance +. tn, Yield bp) Corporate bonds :.7 bn (Avg. balance. tn, Yield bp) Equities : +. bn ( tn) Domestic interest income FY H FY H Trust bank Interest income changes (%) Intearning assets avg. bal. Intbearing liabilities avg. bal. Net interest margin (RHS) DepositLending spread (RHS)

14 Net interest income Net interest income Net interest rate swap (.7) (.) (.) (International business) Revenue on interestearning assets Loans * Investment securities FY H FY H Change.9.. Trust bank Interest income changes Interest on Loans : +. bn Avg. loan balance : +. tn, Yield bp Interest on Deposits : +. bn Avg. deposit balance : +. tn, Yield bp Interest & dividend : +. bn on securities Foreign securities : +. bn (Avg. balance +.9 tn, Yield 9bp) 6 Due from banks.6. (.) Expenses on interestbearing liabilities Deposits Negotiable certificates of deposits Payables under repurchase agreements External liabilities * (.8).. (.). International interest income ( tn) (%) Intearning assets avg. bal. Intbearing liabilities avg. bal. * Loans for financial institutions are not included * Total of call money, bills sold and borrowed money Net interest margin (RHS) DepositLending spread (RHS) FY H FY H.

15 Source and use of funds Commercial bank Average balance FY H Change from FY H Income/Expenses FY H Change from FY H Yield (%) FY H Change from FY H (%points) Domestic Sector Assets,7., (.).8 (.9) Loans and Bills Discounted 9,78.,7. 8. (.).7 (.) Investment Securities 8,67.,.6.6 (7.).7 (.8) Call Loans Collateral Deposits on Securities Borrowed, Due from Banks,8., (.8) 7 Liabilities 8,., (6.). (.) 8 Deposits 9,88.,8.. (.). (.8) 9 Negotiable Certificates of Deposit,. (677.).9 (.).. Call Money,9., Payables under Repurchase Agreements,.6 (.8).6 (.). (.) Collateral Deposits under Securities Lending Transactions, (.) Borrowed Money,777.7, (.69) Net Interest Margin*.7 (.) International Sector Assets 6,6., (.7) 6 Loans and Bills Discounted 6,886., Investment Securities,8., Call Loans (.7) 9 Due from Banks,. (,.6) 7. (.7).6 (.6) Liabilities 7,8.9, (.9) Deposits,8.,..8 (.).7 (.6) Negotiable Certificates of Deposit 6,7.9, (.96) Call Money.7 (8.7). (.).9 (.8) Payables under Repurchase Agreements 6,., (.66) Borrowed Money,78. (7.9) 7. (.7) Net Interest Margin*.9 (.) *Net Interest Margin = net interest income / average balance of interest earning assets

16 Source and use of funds Trust bank Average balance FY H Change from FY H Income/Expenses FY H Change from FY H Yield (%) FY H Change from FY H (%points) Domestic Sector Assets 7, (.9).76 (.6) Loans and Bills Discounted 8,9.7 (97.). (.7).97 (.) Investment Securities 7, (.).69 (.9) Call Loans 9... (.).7 (.8) Collateral Deposits on Securities Borrowed 86. (8.7). (.). (.) 6 Due from Banks... (.).87 (.697) 7 Liabilities 7, (.). (.) 8 Deposits,.9 (96.).7 (.8).9 (.8) 9 Negotiable Certificates of Deposit, Call Money. (7.6). (.).89.6 Collateral Deposits under Securities Lending Transactions.9 (.7) Borrowed Money, (.). (.8) Net Interest Margin*. (.) International Sector Assets 7,7.8, (.7) Loans and Bills Discounted, (.9) 6 Investment Securities, (.97) 7 Call Loans.6 (.). (.).6 (.6) 8 Due from Banks 86. (87.). (.).8 (.6) 9 Liabilities 7,8.6,6. 6. (.8). (.98) Deposits (.) Negotiable Certificates of Deposit, Call Money (.) Payables under Repurchase Agreements, (.).66 (.97) Collateral Deposits under Securities Lending Transactions Borrowed Money Net Interest Margin*.7 (.7) *Net Interest Margin = net interest income / average balance of interest earning assets

17 Noninterest income FY H FY H Change Net fees and commissions Commercial bank Net fees and commissions Fees on money transfer Net trading profits Trading securities and derivatives Trading securities and derivatives for hedging Derivatives other than trading securities Others Fees received Fees paid Other fees and commissions Others received Others paid Net other business profits Net gains (losses) on foreign exchange (.6) (.). 6.. (.8) 7. (.). 6.9 (.8).. Net fees and commissions up.bn from FY H, as domestic and overseas investment banking business, such as syndicated loan and structured finance businesses performed well, while fees from domestic settlement transaction and income from investment trust sales declined Net trading profits, Net other business profits Total of net trading profits and net other business profits up by. bn from FY H (Due to forex rate changes, some reclassification between derivatives profits [net trading profits] and forex profits [net other business profits] occurred) Net gains on debt securities increased by.9 bn from FY H Net gains (losses) on debt securities Net gains (losses) from derivatives (.) (.) (8.6) 7 Expenses on debt securities (.6) (.9).7 8 Others.9. (.) 6

18 8 9 Noninterest income Loan trust & jointly operated money trusts (before trust account chargeoffs) * Pension trusts, investment trusts, specified money trusts, etc. Credit costs for trust accounts Net fees and commissions Stock transfer agency Real estate Sales of investment trusts and pension annuities Others FY H FY H Change Trust fees 7.. (.) 6 7 Real estate custody, etc. Others (.) (.) (.) (.) (.) (.) (.). (.6)... Trust fees Trust bank Fee income from pension trusts, investment trusts, specified money trusts, etc. was down by. bn from FY H due to a decrease in asset balances (market values) Net fees and commissions Stock transfer agency fees and commissions was down.6 bn from FY H, mainly from decline in fees from shareholder registry Commissions from real estate was up. bn from FY H Fees and commissions from sales of investment trusts and pension annuities was up by. bn from FY H 6 Net trading profits Net other business income Net gains (losses) on foreign exchange Net gains (losses) on debt securities (.). (.) 6. Other business income Net gains (losses) on debt securities was up by 6. bn from FY H, mainly due to gains from sales of bonds 7 8 Net gains (losses) from derivatives Others (.8). (.)..7. * Loan trust and jointly operated money trust fees credit costs for trust accounts 7

19 Consolidated/Nonconsolidated differences <FY H> MUFG (consolidated) Sum of Nonconsolidated Difference * Mitsubishi UFJ Securities Holdings * UNBC * MU NICOS * ACOM * Gross profits (before credit costs for trust accounts),8.6, Net interest income () (.8) Fees and commissions (), Net business profits Net income Credit costs * (negative figure means costs) NBL BTMU Brazil BTMU Malaysia kabu.com Securities Interest payments on preferred securities * (6.) (8.) (.7) (Other main factors in consolidated/nonconsolidated differences) () Net interest income * FY H () Fees and commissions * FY H BTMU China.9 Mitsubishi UFJ Home Loan Credit.8 BTMU Holland Mitsubishi UFJ Asset Management Mitsubishi UFJ Real Estate Services MU Frontier Servicer Mitsubishi UFJ Factors Mitsubishi UFJ Research & Consulting kabu.com Securities * Figures of subsidiaries are approx. and before consolidation adjustments. Minority interests are not reflected in net incomes * Figures included gains on loans writtenoff * Approx. figures before consolidation adjustments * Equivalent amount of net income based on equity holding ratio after consolidation adjustments (different from each company s own accounting figures) * Interest payments on preferred securities are included in net interest income under funding expenses on a nonconsolidated basis, and minority interests on a consolidated basis *6 The sum of investment gains/losses from equity method affiliates of Mitsubishi UFJ Securities Holdings (.6) (.6) (Investment gains/losses from equity method affiliates * ) FY H Total 7. Mitsubishi UFJ Securities Holdings *6. Morgan Stanley 7. Mitsubishi UFJ Lease & Finance. Mobit. Dah Sing Financial Holdings.9 JACCS.9 Jibun Bank. 8

20 General and administrative expenses Consolidated Consolidated G&A expenses up. bn from FY H Consolidated expense ratio.% (flat from FY H) Expense Ratio * of which personnel expenses of which nonpersonnel expenses Depreciation/ Lease Deposit Insurance premiums Mitsubishi UFJ Securities Holdings Mitsubishi UFJ NICOS ACOM BTMU (nonconsol.) Expense Ratio MUTB (nonconsol.) Expense Ratio * Nonconsolidated % Expense Ratio * 8.% 8.%.% UNBC Master Trust Bank of Japan Amortization of goodwill FY H.% 7.%.% FY H.% 7.6%.% * Expenses/ Gross profits before credit costs for trust accounts Change Consolidated Expenses 99., %..% (.) (.%) (7.8) (.9) (.7).7 (.).. %Change.%.% (.%) 7.9%.%.% (8.%) (.%) (.8%).% (.%).8%.% FY H Key points Sum of nonconsolidated G&A expenses increased by 9.9 bn from FY H mainly due to higher personnel expenses as we implement measures to strengthen overseas business. The expense ratio was 8.%, flat from FY H Other subsidiaries G&A expenses of securities subsidiary decreased while expenses of MU NICOS increased mainly due to higher advertising expenses Number of branches/employees (sum of nonconsol.) (Branches) (Employees) Number of employees (RHS),, 8, 9,66 8,96 8,9 9,,,, 8 6 Overseas (9) Domestic (of which brancheswithinbranches) 88 (7) 87 () 8 () 8 (7) End Mar 9 End Mar End Mar End Mar End Sep,,,,,,, 9

21 Nonrecurring gains/losses, Extraordinary gains/losses Sum of nonconsolidated 7 8 Gains on loans writtenoff 8.6. (.) 9 Credit costs Losses on loan writeoffs Provision for specific allowance for credit losses Other credit costs Reversal of allowance for Credit losses Reversal of reserve for contingent losses included in credit costs Net gains (losses) on equity securities Gains on sales of equity securities Losses on sales of equity securities Losses on writedown of equity securities Other nonrecurring gains (losses) Retirement benefit costs (.) (9.) (.). (.) (.) (.9) (9.8) (6.) (.) (.) (.). (.8) (8.) (.6) (7.) FY H FY H Change Net nonrecurring gains (losses) (7.7) (9.8) (.) (8.6) 7.8 (.) (.). (.) (.6) (.8). (88.) (.7) 6. (9.8) (.7) (7.) Net nonrecurring gains/losses Credit costs increased. bn from FY H as provision for specific allowance for credit losses increased Net losses on equity securities increased 88. bn from FY H, due to an increase in losses on writedowns amid declining equity markets Other nonrecurring losses increased due to higher retirement benefit costs, impacted by the downturn in equity markets last fiscal year Net extraordinary gains/losses No large changing factor, improved by.7 bn from FY H 6 7 Net extraordinary gains (losses) Net gains (losses) on disposition of fixed assets Losses on impairment of fixed assets (.6).8 (.). (.) (.).7 (.).

22 Assets and Liabilities Sum of nonconsolidated Commercial bank Trust bank Commercial bank Trust bank Commercial bank (Reference) 8 Deposits 8,67. 6,68.8,976. 9,9.9 7,., Domestic Sector,66. 9,.,.,8. 9,78.6,6.8 (8.9) (.) (8.) Liquid deposits * 6,88. 6,7.,.7 6,. 6,696.,. (86.7) (8.) (.) Time and savings deposits * 8,78.9,7.9 8, ,6., , (.) Other deposits (7.) (8.). International Sector,9.,9.7 8.,97., Liquid deposits *,786.,78..9,986., (.) Time and savings deposits * 8,6. 7, ,. 7, (97.6) (.6). 6 Other deposits,96.6, ,7.8, Trust bank Assets 87, ,. 6,7. 86,66.9 9,67.8 7,9. (,6.) (,7.),. Loans 79, ,86.,.9 79,87. 69,7.7,796.8 (.) (.) 7.9 Domestic offices 6,98.9,6.9 9,76. 6,8.6, ,9.7 (98.) (7.9) 9.6 Loans to SMEs and proprietors 9,.,8.9,. 7,986.8,6.,6. (,.) (98.6) (7.8) Consumer loans 7,8. 6,.6,9. 7,. 6,.7,.7 (7.) (9.8) 8. 6 Housing loans 6,8.8,7.,8. 6,69.6,9.,. (7.) (9.) 9. 7 Overseas offices and others,987.9, ,.9, (.) 6. 8 Investment securities 76,7. 6,.,69.9 7,.8 6,6.8,779.9 (8.) (,887.),8. 9 Equity securities,9.,. 8.,., (788.6) (68.8) (6.7) Japanese government bonds 8,.7,67.,6. 7,9.7,97. 6,67. (87.9) (,7.) 986. Others,. 7,66. 6,9., ,.9 6, Liabilities 78,.,6.,97. 77,9.,8.6,9.6 (,9.7) (,97.),.6 Deposits 8,67. 6,68.8,976. 9,9.9 7,., Domestic deposits 7,8. 96,68.,6.9 8,7. 96,769., Individuals 6,8. 7,.6 8,.7 66,8. 8,8.9 8, (9.) 6 Corporations and others,96.9 9,.7,7.,66. 8,7.,88.7 (.6) (8.) 6. 7 Overseas offices and others,8.,. 79.6,97., (.) Note : Trust account figures are not included in assets and liabilities of Trust Bank End Mar End Sep Change * Liquid deposits = current deposits + ordinary deposits + savings deposits + deposits at notice * Time and savings deposits = time deposits + installment deposits

23 6 Mitsubishi UFJ Securities Holdings Net operating revenue increased due to growth in underwriting and distribution commissions and trading gains. In addition, cost reduction led to positive operating income Both ordinary profits and net income achieved growth Operating revenue Net operating revenue* Sales and general expenses Operating income Ordinary profits Net income FY H.8..9 (7.8) FY H * Operating revenue after deducting financial expenses Change.. (.) Consolidated subsidiary FY H Key Points Fees and commissions down.9 bn from FY H Brokerage commissions 7. bn (down.8 bn/ %) Decreased in equity commissions due to stagnation in stock market Underwriting commissions.7 bn (up 6. bn/ +9%) Increased due to taking the lead manager position in a large IPO, etc Distribution commissions.9 bn (down.9 bn/ 6%) Decreased in sales commissions of investment trusts Other commissions.9 bn (down. bn/ %) Decreased in management fees, etc. due to decline in assets under management at KOKUSAI Asset Management Trading gains up.8 bn from FY H Increased due to attracting customer flow steadily Sales and general expenses down. bn from FY H Decreased in real estaterelated costs due to head office relocation Net income 8. bn (up.6 bn from FY H) Domestic customer assets at End Sep (nonconsolidated). tn (down % from End Mar ) Equities and investment trusts balance down due to market conditions slump, but bonds balance increased Trends in net operating revenue and net income () Fees & commissions Net trading gains/losses Net interest income, etc. FY H FY H Net operating revenue Ordinary profits Net income 経常利益 8. Trends in sales amount of equity investment trusts (MUMSS:nonconsolidated) FY H FY H FY H FY H

24 Mitsubishi UFJ Morgan Stanley Securities Business data /Q Q /Q Q Q Q /Q Q FY9 * FY * FY * FY H * Domestic Customer Assets (\ bn),7.9,.,77. 9,8. 9,6.7,86.7,9.,6.6,9.7,.,86.7,6.6 Equities 8,.8 7,8.8 7,68.8 7,6. 6,8.9 7, ,6. 7,6. 8,9.6 7,8.8 7, ,6. Bonds 9,8. 9,7.8 9,98.9 9,69.9 9,. 9,79. 9,.7 9,976. 9,97.8 9,7.8 9,79. 9,976. Investment Trusts,.,6.9,6.,.,98.,.6,6.,8.,9.,6.9,.6,8. Reference Securities intermediary business (\ bn),889.,8.7,66.8,76.,6.,79.,7.,7.8,867.9,8.7,79.,7.8 6 Number of Accounts with account balance (Thousands),,6,,7,,6,,9,99,6,6,9 Reference 7 Securities intermediary business (Thousands) Number of Newly Opened Accounts (Thousands) Securities proper Securities intermediary * Equity Investment Trust Sales (\ bn) ,.,., Securities proper ,9., Securities intermediary Sales of JGBs for individual Investors (\ bn) Securities proper Securities intermediary Foreign Bond Sales (Retail, \ bn) Publiclyoffered Structured Secondary Reference Securities intermediary business (\ bn) * Domestic * Balances, etc: at periodend

25 Mitsubishi UFJ Morgan Stanley Securities Debt Finance Domestic Corporate Straight Bonds Bank of TokyoMitsubishi UFJ (Total bn), Kansai Electric Power (Total bn), SOFTBANK (Total bn), East Japan Railway (Total bn), Meiji Yasuda Life Fund Special Purpose Company (Total bn), Mitsubishi UFJ Trust and Banking (Total 9 bn), TOYOTA MOTOR (Total 8 bn), Tohoku Electric Power (Total 8 bn), Mitsubishi Estate (Total 6 bn), Kyushu Electric Power ( bn) ExFILP (Fiscal Investment and Loan Program) Agency Bonds Japan Housing Finance Agency (Monthly MBS Total 687 bn, SB Total. bn), Development Bank of Japan (Total 8 bn), Central Nippon Expressway (Total 9 bn), Japan Finance Corporation (Total 9 bn), Urban Renaissance Agency (Total 6 bn) Municipal Bonds Related Japan Finance Organization for Municipalities (Total 6 bn), Fukuokaprefecture (Total 6 bn), Hyogoprefecture (Total 8 bn) Samurai Bonds (yendenominated foreign bonds) United Mexican States (Total 8 bn) Foreign Bonds Takeda Pharmaceutical (Total US$, mm), NTT (US$7 mm), Mitsubishi Corporation (US$7 mm), NTT FINANCE (US$ mm) Equity Finance POs IPOs Securitization GTEKT ( 6. bn), ENDO Lighting (. bn), ND Software (.6 bn) Japan Airlines ( 66. bn, domestic and overseas offerings aggregate), Activia Properties Inc. ( 98.6 bn, domestic and overseas offerings aggregate), mobcast (.6 bn) Monetary Claims (Loans and others) Real estate (arrangement) M&A Major Investment Banking Deals (Apr( Sep ) Total of ;. bn Total of 9; 7.8 bn Capital Injection into TEPCO by Nuclear Damage Liability Facilitation Fund (a Japanese government entity) (US$,6 mm) Marubeni's acquisition of Gavilon (Ongoing) (US$,6 mm) DENTSU's acquisition of Aegis Group (Ongoing) (US$, mm) Aozora Bank's recapitalization including repurchase of a portion of Series Preferred Shares (Ongoing) (US$,8 mm) Unison Capital's sale of its portfolio company, Akindo Sushiro to Permira (US$, mm) Olympus new share allotment to Sony (Ongoing) (US$6 mm) (Source) Thomson Reuters Note: Amounts based on deal size

26 Mitsubishi UFJ Morgan Stanley Securities Apr Sep リーグテーブル League tables ( (Apr 年 月 Sep 年 ) 9 月 ) Japan Domestic Debt* Japan Equity and Equitylinked* M&A Advisory (Based on Rank Value)* Rank Securities Firm Share (%) Rank Securities Firm Share (%) Rank Financial Advisor Rank Value (\ bn) Mitsubishi UFJ Morgan Stanley. Daiwa Securities Group. Nomura,86.8 Mizuho Securities.6 Nomura. Mitsubishi UFJ Morgan Stanley,67. Daiwa Securities.9 Mitsubishi UFJ Morgan Stanley. Mizuho Financial Group,8.9 Nomura Securities. Mizuho Financial Group.7 JP Morgan,.8 SMBC Nikko Securities 8.8 Sumitomo Mitsui Financial Group. Sumitomo Mitsui Financial Group,7.7 6 Goldman Sachs Japan. 6 Bank of America Merrill Lynch. 6 Goldman Sachs & Co 7. 7 Merrill Lynch Japan Securities. 7 Tokai Tokyo Financial Holdings. 7 Bank of America Merrill Lynch Citigroup Global Markets Japan. 8 UBS. 8 KPMG Morgan Stanley MUFG Securities. 9 OKASAN SECURITIES GROUP.9 9 GCA Savvian Group 68. Tokai Tokyo Securities. Goldman Sachs & Co.9 Greenhill & Co. (Source) Thomson Reuters (data compiled by Mitsubishi UFJ Morgan Stanley) * Includes Japanese Straight Bonds, ExFILP Agency Bonds ( incl. Expressway company's bonds ) and Municipal Bonds Related. Based on lead manager's credit * Mitsubishi UFJ Morgan Stanley includes domestic offerings of Japanese issuers underwritten by Morgan Stanley MUFG Securities as well as global offerings of Japanese issuers underwritten by Morgan Stanley. Based on underwriting amount * Any Japanese involvement announced including property acquisitions. Mitsubishi UFJ Morgan Stanley includes deals advised by Morgan Stanley

27 UnionBanCal Corporation (FY H/US GAAP) Pretax, preprovision income Net interest income increased primarily due to: Higher loan volume and securities portfolio rebalancing strategy Noninterest income decreased primarily due to: Lower trust and investment management fees due to sales of trust related business Lower card processing fees as interchange fees of debit card transaction declined due to tighter regulation Lower other noninterest income because of the impact of FDIC liability increase due to credit improvements of the FDIC indemnification assets Noninterest expenses increased primarily due to: Increase in salaries and employee benefits mainly due to higher pension costs arising from lower discount rate Pretax preprovision income declined by US$ mm Provision for loan losses Continued to post US$ mm net reversal gain though the gain significantly decreased compared with FY H Net income Decreased by US$9 mm from FY H to US$8 mm <Consolidated Income Statement> Total revenue Net interest income Noninterest income Service charges on deposits accounts Trust and investment management fees Merchant banking fees Brokerage commissions and fees Card processing fees, net Trading account activities Securities gains, net Salaries and employee benefits () (6) () (7) () () Other 86 () Noninterest expense Other than above 98 () Pretax, preprovision income Provision for loan losses Income before income taxes and including noncontrolling interests Net income FY H,7, 8,9 9 (96) 7 77 FY H,689, 77 7, 76 () 9 8 (US$ mm) Change () 8 () () 8 () (9) 6

28 UnionBanCal Corporation (FY H/US GAAP) Loans Increased due to growth in residential mortgage loans and commercial and industrial loans Securities Declined due to securities portfolio rebalancing strategy Deposits Interest bearing deposits declined while noninterest bearing deposits continued to increase Nonperforming assets NPA levels improved as economy recovery and asset quality improved across the board NPA ratio * continued to improve to.6% <Consolidated Balance Sheet> 6 Total assets Loans Securities Available for sale Noninterest bearing End Dec,,8,98 End Jun 87,99,9,89, 7,6 6,,777,9 (FY H).8% (US$ mm) 7 (,88) Held to maturity,7,,7 Total liabilities Deposits 6, Change (977) 79 Interest bearing,8,666 (,6) Total equity Net interest margin 89,676,6 77,86,8 (FY).8% (,77) (,6) (,6) 99 (.%) Nonperforming assets () Nonperforming assets to total assets *.7%.6% (.8%) * Excluding FDIC covered assets 7

29 UnionBanCal Corporation (FY Q/US GAAP) Net income decreased by US$ mm compared to FY Q to US$ mm mainly because provision for credit losses turned from net reversal gain to net expenses (US$ mm) Noninterest expense Pretax, preprovision income Provision for loan losses * Net income Net income (excl. related 6 to privatization and noncontinuing businesses) * Negative figures are reversal FY Q 7 8 FY Q 9 Change Total revenue () (8) () Provision for allowance for credit losses, NPA ratio Loan balance increased Avg. Loans balance: US$. bn (+.% from FY Q) Avg. Residential mortgage balance: US$. bn (+.7% from FY Q) Avg. interest bearing deposits balance: US$. bn (+.% from FY Q) Net interest margin:.% (+. %points from FY Q) NPA ratio * further declined Nonperforming assets balance: US$6 mm * (.6% * of total assets) Allowance for credit losses: US$79 mm (8.8% of Nonaccrual loans) * Excluding FDIC covered assets FY Q Key Points Comparison of core capital ratio * with peers (US$ mm).%.%.% % % As of Sep,.76% Tier Common ratio.6%.% TCE ratio.%.8% 9.67%.% 9.8% 9.%.9% 9.% 8.7% 9.% 6.8% 7.7% Excluding FDIC covered assets.% %.% () () Provision for allowance for credit losses(lhs) Nonperforming assets ratio(rhs) FY Q FY Q FY Q FY Q FY Q FY Q.%.% % UNBC BB&T Comerica Huntington Key Corp Fifth Third Zions PNC (Source) Company disclosures * BB&T: BB&T Corporation Comerica: Comerica Incorporated Huntington: Huntington Bancshares Incorporated Key Corp: Key Corp Ltd Fifth Third: Fifth Third Bancorp Zions: Zions Bancorporation, PNC: The PNC Financial Services Group, Inc. 8

30 UnionBanCal Corporation (US GAAP) Loan portfolio * as of FY Q Trends in average loans and deposits Consumer 6.% Residential mortgage 8.% Lease financing.8% Commercial real estate.8% Commercial, financial and industrial 7.% 7 6 (US$bn) Average loans Average deposits Construction.% * Average loans for FY Q, excluding FDIC covered assets NPL/total loans FYQ FYQ FYQ FYQ FYQ FYQ Net Chargeoffs/average loans % %.6%.% UB Peer average.9% %.9%.7% UB Peer average % %.%.86%.9%.8% % %.%.%.8%.9% % %.88%.7%.9% FY8 FY9 FY FY FYQ %.7%.79%.8%.% FY8 FY9 FY FY FYQ (Source) SNL and Company reports (Source) SNL and Company reports 9

31 Mitsubishi UFJ NICOS consolidated subsidiary FY 年上期のポイント H Key Points FY H FY H Change Operating revenue down 8. bn from FY H Revenue from cashing and finance operations declined but revenue from shopping transaction increased steadily Operating revenue Operating expenses Operating income Ordinary profits (losses) Net income (losses) (8.) (7.) (.) (.) (.) Operating expenses down 7. bn from FY H Decreased mainly due to decline of costs related to loan losses because loan portfolio improved Net income. bn (down. bn from FY H) Although operating revenue declined, net income was around the same as FY H due to low level of costs related to loan losses Interest repayment Riskmonitored loans* End Mar End Sep.... Bankruptcies NPLs Loans with mitigated terms FY H FY H FY H FY H Allowance for losses from reimbursement of loan payments : 87.7 bn (as of end Sep ) Total * For Accounts receivable from cardholders and commercial loans

32 Mitsubishi UFJ NICOS Cash and deposits Accounts receivable from cardholders Commercial loans Guarantee contracts receivable Allowance for doubtful accounts (including fixed) Tangible fixed assets Other assets Total assets Consolidated Balance Sheets Notes and accounts payable to affiliated stores Credit guarantee obligation advances Interestbearing debt * Allowance for losses from reimbursement of loan payments Other liabilities Total liabilities Total net assets Total liabilities and net assets End Mar (7.). 8.6, ,.7 6.,6. End Sep (6.).., ,9.8 7.,66.9 * Interestbearing debt = Short and Longterm debt + Bonds payable + Commercial papers + Lease obligations Change (.) (.) (.) (.7) (9.) (.) (.7) (.) (.).7 (6.8).8 (9.) Card shopping Loan revenue Guarantee revenue Other revenue Finance revenue Total revenue Financial expenses Total operating expenses Operating profits (losses) Nonoperating gains (losses) Ordinary profits (losses) Extraordinary gains (losses) Income taxes Net income (losses) consolidated subsidiary Consolidated Statements of Operations Credit card revenue Card cashing Personnel cost General expenses Expenses related to loan losses and others Total G&A FY H (.)..7 FY H %Change (.). (.9) (.) (.) (.6) (.9) (.8).. (68.9) (.) (.) (.6) (7.8) 96. (7.) 99. (.) Change (.6).6 (6.) (.) (.8) (.6) (.) (8.).8.7 (.) (6.) (.6) (7.) (.). (.).6. (.)

33 Mitsubishi UFJ NICOS Volume of issuing i business consolidated subsidiary Balance of loans * and revolving credit ( tn)....., % (,789) 6% (,69) 6% (9,8) 6% (8,). FY H FY H FY H FY H Issuing volume Active members / valid members. Figures in parenthesis shows thousand number of valid members Volume of acquiring business End Mar End Sep End Mar End Sep Revolving credit Loans * Card cashing + Card loan (managerial accounting base) Volume * of processing business ( tn) ( tn) FY H FY H FY H FY H. FY H FY H FY H FY H * Alliance partners transaction volume for card shopping + card cashing

34 ACOM consolidated subsidiary FY H Key points Operating revenue down. bn from FY H Operating revenue Operating expenses Operating income Ordinary income Net income FY H FY H Change (.) (6.) (.7) (.9) (.) Drop in loan business revenue from decrease in loan balance and decline in loan interest rate due to full enforcement of the Money Lending Business Act Operating expenses down 6. bn from FY H Provision of bad debts and other operating expenses decreased from FY H. No new provision for interest repayment losses Net income 7. bn (down. bn from FY H) Booked.9 bn gain on transfer from business divestitures in extraordinary income due to transfer of receivables to Jibun Bank Interest repayment * (nonconsolidated) Nonperforming loans ans (nonconsolidated) %.9% 9.9% 8.88% FY H FY H FY H FY H End Mar End Sep End Mar End Sep * Cash out base Balance of NPLs NPLs/Total loans

35 ACOM Unsecured consumer loans (nonconsolidated) consolidated subsidiary Guaranteed receivables (nonconsolidated), End Mar End Sep End Mar End Sep End Mar End Sep End Mar End Sep,, Loans * by interest / Corresponding ratio * (nonconsolidated) 7.9%.% 6.%.% (#),, New loan customers (nonconsolidated) 6, 76,7 76, 8, End Mar End Sep End Mar End Sep Over 8% 8% or less Corresponding ratio * Unsecured loan for customers * Ratio of customers in breach of the regulation: population = all customer accounts FY H FY H FY H FY H

36 kabu.com Securities consolidated subsidiary FY H Key points Operating revenue Commissions Interest income (a) Interest expenses (b) Net interest income (ab) Operating expenses Ordinary profits Net income FY H FY H Change (.) (.9) (.) (.) (.) (.) (.6) (.) Ordinary profits down.6bn from FY H Increase in market share of equity trading could not cover the declined activities in equity and FX markets. Operating revenue down 8% from FY H System related expenses decreased mainly due to the termination of Proprietary Trading System (PTS), operating expenses declined % from FY H Net income.6bn (down.bn from FY H) Solid growth in number of securities accounts, assets on deposit shrank by 8% while Nikkei average declined by % from end of Mar Number of accounts Assets on deposit (Accounts) 9, 76,8 78,9 8, 8,7 (Accounts) 9, ( ),,8 9,7 8,7 8,87, 7,, 7,89 78,67 767,67 78, 7,,, ,, End Mar End Sep End Mar End Sep, End Mar End Sep End Mar End Sep Securities accounts (LHS) Margin trading accounts (RHS) Equities Money deposited, etc. Inv estment trusts Nikkei Stock Average (RHS)

37 Consumer finance Mobit (Accounted for by the equity method) 6 7 Operating income Ordinary profits Net income Balance of loans outstanding Number of accounts (thousands) Guaranteed loans outstanding FY H FY H Change Operating revenue.8. (.) JACCS (Accounted for by the equity method) Ordinary profits Net income FY H 6.6 FY H 6. (.) (.) (.) (.8) 9.6 Change Operating revenue.6. (.) Operating income (.) (.). FY H Key points Operating revenue down. bn from FY H Decreased due to lower balance of loans outstanding Net income. bn (down. bn from FY H) Decreased net income through decline in operating revenue Announced to dissolve the Mobit joint venture in Sep. Mobit's loan guarantee business will be transferred to BTMU BTMU and ACOM entered into a basic agreement to commence considering the establishment of a joint venture to operate Mobit's loan guarantee business FY H Key points Operating revenue down. bn from FY H Operating revenue down from FY H mainly due to decreases in card cashing outstanding caused by Revised Money Lending law, while the shopping credit business and guarantee business grew steadily Net income. bn (up. bn from FY H) Net income up from FY H partly because impairment losses on investment securities were posted in FY H 6

38 Mitsubishi UFJ Lease & Finance Accounted for by the equity method FY H Key Points FY H FY H Change Gross profits Operating expenses Operating income.7.. Net income New assets acquired up.% from FY H Provided value added products and services and proposal based marketing focused on customer needs Operating income up. bn from FY H Posted gains on sales in private equity business Financial expenses decreased resulting from lower funding rates Operating expenses increased from FY H mainly due to higher expenses for Nonperforming asset Net income. bn (up.7 bn from FY H) Trends 収益の推移 in income New assets 契約実行高 acquired Others Loan Installment sales FY H FY H Gross profits Operating income Net income 7. FY H 6. FY H Lease 7

39 Asset management Mitsubishi UFJ Asset Management (Consolidated subsidiary) FY H Key points Operating expenses Operating income Net income Investment trust management balance * ( tn) 6 Equity 7 Bond FY H FY H Change Operating revenue.6.9 (.7) * Balances at period end (.7) (.) (.)... Operating revenue down.7 bn from FY H Average balance of investment trust management decreased from FY H, mainly due to the decline in market value of assets Net income. bn (down. bn from FY H) The investment trust balance as of end Sep increased by. tn to 6. tn from end Sep. Inflow of funds, supported by inflow towards the Mitsubishi UFJ Emerging Bond Fund (Currency selection type) and the MUAM AMP global Infrastructure Bond Fund KOKUSAI Asset Management (Consolidated subsidiary) FY H Key points Operating expenses Operating income Net income Investment trust management balance * ( tn) 6 Equity 7 Bond FY H FY H Change Operating revenue.6 7. (6.6) * Balances at period end (.7) (.8) (.) (.8) (.8). Operating revenue down 6.6 bn from FY H Mainly due to the decline in balance of investment trust management Net income.7 bn (down. bn from FY H) Emerging Sovereign Open (Monthly settlement type) with currency hedge performed strong. However, in addition to the outflow from core fund Global Sovereign Open (Monthly settlement type), outflow from World REIT Open (Monthly settlement type) increased net outflow. Also the decline in market value of assets resulted in decrease of investment trust balance by.8 tn to. tn 8

40 Business Segment Information 9

41 Profits by business segment Consolidated MUFG BTMU (consolidated) and MUTB (consolidated) 6 7 Gross profits * Retail Global UNBC FY H FY H Corporate. %. % Trust Assets Global Markets, Others, (% of total) % % 6% 7% % %, (% of total) % % 7% 7% % % Change (% change) 7. % (.) ()% (8.6) ()%. 7% (.9) ()% (.) (7)% 6.7 % 6 7 FY H Gross profits * Retail Corporate UNBC.8 % Trust Assets BTMU (Consolidated) Global 7. % Global Markets, Others, (% of total) % % % 9% MUTB (Consolidated) (% of total) % 7% % 6% 7% Net operating profits * Retail FY H (% of total) % % FY H 8.. (% of total) % 7% Change (% change). % (.) (9)% FY H Net operating profits * Retail BTMU (Consolidated) (% of total) % % MUTB (Consolidated) (% of total) % % Corporate 7. 6%. % (.9) ()% Corporate 6. % 7. % Global.8 % 7.9 %. % Global 6.7 8% UNBC. 6% 8.8 % (6.) ()% UNBC 8.8 6% 6 7 Trust Assets Global Markets, Others % %.7. % % (.7).8 (7)% 9% 6 7 Trust Assets Global Markets, Others.8 7% % % * Managerial accounting base

42 Retail Gross profits, Net operating profits Consolidated Gross profits 86.9 bn down %, net operating profit. bn down 9% from FY H Consumer finance revenue and yen deposits revenue decreased, while revenue from Securities rose % from FY H 7 6 Consolidated gross profits Yen Deposits. 9. Securities excluding Investment Products.9. Others.9 FY H Inheritance/ Real Estate Investment Products Consumer Finance Loans FY H ( tn) ( tn) Average retail lending balance FY H FY H FY H FY H Housing loans General loans Average retail deposits balance.8 7. FY H FY H FY H FY H Yen deposits Foreign currency deposits

43 Retail Investment products Income from investment products FY H 67.7 FY H Investment trusts Insurance annuities Financial products intermediation Foreign currency deposits FY H results: Gross profits 67.7 bn (down. bn from FY H) Financial products intermediation grew strongly. Sales of investment trusts up from FY H, but below in FY H and income declined Customer account balances fell mainly due to lower market prices, but increased from FY H driven mainly by insurance annuities FY H plans: Approach customers with potential asset management needs through segment strategy promotion Manage timely introduction of products to meet changes in the environment, market situation and customer needs including needs to find alternative investments for proceeds from redemption of JGB for retail investors ( tn) Investment product sales FY H FY H FY H FY H End Mar End Sep End Mar End Sep * Financial products intermediation balance includes referrals Equity investment trusts (BTMU) Equity investment trusts (MUTB) Equity investment trusts (MUMSS) Insurance annuities Financial products intermediation (JGBs, Equities, etc) Financial products intermediation (Investment trusts, Foreign bonds, etc) Customer account balances: Equity investment trusts, Insurance annuities, Financial products intermediation * ( tn) Consolidated Equity investment trusts (BTMU) Equity investment trusts (MUTB) Equity investment trusts (MUMSS) Insurance annuities Financial products intermediation

44 Retail Insurance product sales Commercial bank Incrementally increased the number of sales personnel and locations handling the products since the full deregulation in December 7 Enhanced product lineup mainly of wholelife insurance which also serves as savings Type of product No. of products handled * Timing of lifting of ban on sales by banks No. of locations handling products (as of end Sep ) Persons responsible for sales * Singlepremium Insurance annuities for investment purposes Fixed insurance annuities Wholelife insurance Health and nursing care insurance 7 8 Oct Dec Around 6,8 including insurance planners, senior financial planners and financial planners, etc Mortality life insurance 7 Periodicpremium Term and income security insurance Endowment insurance Health insurance Cancer insurance Dec insurance planners and around, bank staff (as of end Sep ) Fixed insurance annuities Auto insurance Same as Singlepremium Handling only on internet banking * As of end Sep * The number of insurance planners represents those assigned to sales locations

45 Retail Housing loans Income from housing loans Consolidated New housing loans extended 8 ( tn) FY H FY H (Note) Housing loans include funds for construction of housing for rent FY H results: Gross profits 86. bn (down 6. bn from FY H) Sales of fixedrate housing loans increased and new housing loans extended in FY H up % from FY H The decline in the average balance of housing loans moderated due to the recovery from FY H in housing loans extended FY H plans:. ( tn) FY H FY H FY H FY H Average housing loans balance Offer competitive fixed rate housing loan product. FY H FY H FY H FY H

46 Retail Consumer finance Income from consumer finance Consolidated 貸出残高の推移 Loan balance FY H FY H ACOM MU NICOS BTMU+MUTB (bankissued card loan, etc) FY H results: Gross profits.9 bn (down 6. bn from FY H) Profits declined mainly due to a decline in loan balances at ACOM and MU NICOS Loan balance for BANQUIC card loans at commercial bank increased steadily ( tn).... ACOM MU NICOS BTMU+MUTB End Mar End Sep End Mar End Sep ACOM: Receivables outstanding of loan business and banking business of consolidated basis MU NICOS: Card cashing and Card loan BTMU+MUTB : Card loan outstanding, etc Loan balance of BANQUIC FY H plans: Focus on increasing new cardholders and loan balance for BANQUIC card loans at commercial bank, aiming to contribute to nurturing sound consumer finance market End Mar End Sep End Mar End Sep

47 Retail Inheritance and Real estate Consolidated 8 6 Inheritance/Real estate income Real estate ( tn) Testamentary trusts: Asset balance and Number of trusts (#),7,7,788 6,6, , FY H FY H Inheritance FY H results: Gross profits 7. bn (up. bn from FY H) Steady increase in number and balance of testamentary trusts Real estate income increase by 7% up from FY H.. End Mar End Sep End Mar End Sep Trust balance (LHS) No.of contracts (RHS) Real estate transactions *.8.9,, FY H plans: Enhance ability to provide consultation on inheritance/succession needs through collaboration between BTMU and MUTB Fully function the real estate section of MUTB in order to strengthen approach to real estate related needs from succession and inheritance FY H FY H FY H FY H * Figures of Mitsubishi UFJ Real Estate Services, retail segment only 6