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Mitsubishi UFJ Financial Group Mitsubishi UFJ Financial Group Annual Report 2008 Year ended March 31, 2008 Mitsubishi UFJ Financial Group (MUFG) is one of the world's largest and most diversified financial groups with total assets of around ¥1 90 trillion as of March 31, 2008. The group comprises five primary operating companies: The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities Co., Ltd., Mitsubishi UFJ NICOS Co., Ltd. and Mitsubishi UFJ Lease & Finance Company Limited. MUFG's services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and many more fields of financial services. The group has the largest overseas network of any Japanese bank, comprising offices and subsidiaries, including Union Bank of California, in more than 40 countries. ● This annual report is prepared in accordance with U.S. GAAP. To read a discussion with the president and detailed descriptions of our business strategies and initiatives, please refer to MUFG’s Corporate Review 2008, which was published in August 2008. Contents All figures contained in this report are calculated according to Company Overview 1 U.S. GAAP, unless otherwise noted. Financial Highlights 3 This document contains statements that constitute forward-looking statements within the meaning of the United States Private Securities Annual Report on Form 20-F Litigation Reform Act of 1995. Such forward-looking statements represent targets that management will strive to achieve by implementing MUFG’s business strategies, but are not projections nor a guarantee of future performance. All forward-looking statements involve risks and uncertainties. MUFG may not be successful in implementing its business strategies, and management may fail to achieve its targets, for a wide range of possible reasons, including adverse economic conditions in Japan, the United States or other markets; declining real estate or stock prices; further deterioration of credit and debt markets, particularly in the United States; additional corporate bankruptcies or additional problems in business sectors to which MUFG companies lend; difficulties or delays in integrating MUFG’s businesses and achieving strategic goals of the integration; difficulties in achieving the benefits of proposed or recently completed business integration transactions; increased competitive pressures; operational or reputational impact from regulatory actions in Japan, the United States and other jurisdictions; changes in laws and regulations applicable to MUFG’s businesses; and adverse changes in Japanese economic policies. Please see the annual report on Form 20-F for the fiscal year ended March 31, 2008, filed with the SEC in September 2008, for additional information regarding the risks relating to our businesses. We are under no obligation, and disclaim any obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. Company Overview Mitsubishi UFJ Financial Group, Inc. Date of Establishment: April 2, 2001 Head Office: 7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo 100-8330, Japan Amount of Capital: ¥1,383.0 billion Stock Exchange Listings: Tokyo, Osaka, Nagoya, New York (NYSE ticker: MTU) (As of June 30, 2008) Long-term Ratings: AA– (JCR), A (R&I), A (S&P) (As of June 30, 2008) BIS Risk-adjusted Capital Ratio: 11.19% Contact: Investor Relations Office, Corporate Planning Division Tel: 81-3-3240-8111 Website: www.mufg.jp/english/ The Bank of Tokyo-Mitsubishi UFJ, Ltd. Date of Establishment: August 25, 1919 Head Office: 7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo 100-8388, Japan Amount of Capital: ¥996.9 billion Long-term Ratings: Aa2 (Moody’s), A+ (S&P), A+ (FITCH), AA (JCR), A+ (R&I) (As of June 30, 2008) BIS Risk-adjusted Capital Ratio: 11.20% Contact: Public Relations Division Tel: 81-3-3240-1111 Website: www.bk.mufg.jp/english/ Mitsubishi UFJ Trust and Banking Corporation Date of Establishment: March 10, 1927 Head Office: 4-5, Marunouchi 1-Chome Chiyoda-ku, Tokyo 100-8212, Japan Amount of Capital: ¥324.2 billion Long-term Ratings: Aa2* (Moody’s), A+ (S&P), A+ (FITCH), AA (JCR), A+ (R&I) *Deposit Rating Only (As of June 30, 2008) BIS Risk-adjusted Capital Ratio: 13.13% Contact: Public Relations Section, Corporate Planning Division Tel: 81-3-3212-1211 Website: www.tr.mufg.jp/english/ (As of March 31, 2008) (Continue to next page) Mitsubishi UFJ Financial Group Annual Report 2008 1 Mitsubishi UFJ Securities Co., Ltd. Date of Establishment: March 4, 1948 Head Office: 4-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo 100-6317, Japan Amount of Capital: ¥65.5 billion Long-term Ratings: Aa2 (Moody’s), AA (JCR), A+ (R&I) (As of June 30, 2008) Contact: Public Relations Office, Corporate Planning Division Tel: 81-3-6213-6584 Website: www.sc.mufg.jp/english/ Mitsubishi UFJ NICOS Co., Ltd. Date of Establishment: June 7, 1951 Head Office: 33-5, Hongo 3-Chome, Bunkyo-ku, Tokyo 113-8411, Japan Amount of Capital: ¥109.3 billion Long-term Ratings: A1 (Moody’s), AA- (JCR), A (R&I) (As of June 30, 2008) Contact: Corporate Planning Department Tel: 81-3-3811-3111 Website: www.cr.mufg.jp/ Mitsubishi UFJ Lease & Finance Company Limited Date of Establishment: April 12, 1971 Head Office: 5-1, Marunouchi 1-Chome, Chiyoda-ku, Tokyo 100-6525, Japan Amount of Capital: ¥33.1 billion (As of June 30, 2008) Stock Exchange Listings: Tokyo, Nagoya (As of June 30, 2008) Long-term Ratings: A1 (Moody’s), AA- (JCR), A+ (R&I) (As of June 30, 2008) Contact: Corporate Communications Department Tel: 81-3-6865-3002 Website: www.lf.mufg.jp/english/ (As of March 31, 2008) 2 Annual Report 2008 Mitsubishi UFJ Financial Group Financial Highlights Consolidated Financial Summary and Data of MUFG under U.S. GAAP As of or for the fiscal years ended March 31, 2008 2008 2007 In billions of yen and in millions of U.S. dollars except per share data (U.S. Dollars) Statement of Operations Data Net interest income ¥ 2,279.7 $ 22,831 ¥ 2,329.8 Provision for credit losses 385.7 3,863 358.6 Non-interest income 1,778.1 17,808 1,947.9 Non-interest expense 3,659.7 36,652 2,784.2 Income tax expense 553.0 5,539 552.8 Income (loss) from discontinued operations—net (1.7) (17) (0.8) Net income (loss) (542.4) (5,433) 581.3 Net income (loss) available to common shareholders (557.0) (5,579) 300.2 Amounts per Share* ( In yen and U.S. dollars) Basic earnings (loss) per common share: Income (loss) from continuing operations available to common shareholders before cumulative effect of a change in accounting principle ¥ (53.88) $ (0.54) ¥ 29.94 Net income (loss) available to common shareholders (54.05) (0.54) 29.86 Diluted earnings (loss) per common share: Income (loss) from continuing operations available to common shareholders before cumulative effect of a change in accounting principle (53.88) (0.54) 29.76 Net income (loss) available to common shareholders (54.05) (0.54) 29.68 Balance Sheet Data Total assets ¥190,731.8 $1,910,183 ¥186,202.9 Loans, net of allowance for credit losses 97,867.1 980,142 94,210.4 Total liabilities 182,241.7 1,825,154 175,769.6 Deposits 129,240.1 1,294,343 126,587.0 Total shareholders’ equity 8,490.1 85,029 10,433.3 For the convenience of readers, the U.S. dollar amounts are presented as translations of Japanese yen amounts at the rate of ¥99.85=US$1.00, the noon buying rate on March 31, 2008 in New York City for cable transfers in Japanese yen as certified for customs purposes by the Federal Reserve Bank of New York. * Effective September 30, 2007, MUFG split its common and preferred stock whereby each common and preferred share was split into 1,000 common and preferred shares. As a result, amounts per share have been retroactively adjusted. Mitsubishi UFJ Financial Group Annual Report 2008 3 As of or for the fiscal years ended March 31, 2008 2008 2007 In billions of yen and in millions of U.S. dollars (U.S. Dollars) Average Balances (Unaudited) Interest-earning assets ¥172,467.3 $1,727,264 ¥168,767.3 Interest-bearing liabilities 156,152.0 1,563,866 146,796.0 Total assets 194,066.3 1,943,578 185,683.0 Total shareholders’ equity 9,957.4 99,723 9,823.4 Return on Equity and Assets (Unaudited) Net income (loss) available to common shareholders as a percentage of total average assets (0.29%) (0.29%) 0.16% Net income (loss) available to common shareholders as a percentage of total average shareholders’ equity (5.59%) (5.59%) 3.06% Total average shareholders’ equity as a percentage of total average assets 5.13% 5.13% 5.29% Net interest income as a percentage of total average interest-earning assets 1.32% 1.32% 1.38% Credit Quality Data Allowance for credit losses ¥ 1,134.9 $ 11,366 ¥ 1,112.5 Allowance for credit losses as a percentage of loans 1.15% 1.15% 1.17% Nonaccrual and restructured loans, and accruing loans contractually past due 90 days or more 1,679.7 16,822 1,699.5 Nonaccrual and restructured loans, and accruing loans contractually past due 90 days or more as a percentage of loans 1.70% 1.70% 1.78% Allowance for credit losses as a percentage of nonaccrual and restructured loans, and accruing loans contractually past due 90 days or more 67.57% 67.57% 65.46% Risk-adjusted capital ratio calculated under Japanese GAAP (unaudited) 11.19% 11.19% 12.54% For the convenience of readers, the U.S.
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