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Annual Securities Report / Yukashoken Hokokusho (Excerpt)

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Annual Securities Report / Yukashoken Hokokusho (Excerpt) Annual Securities Report “Yukashoken Hokokusho” (Excerpt) for the fiscal year ended March 31, 2020 MUFG Bank, Ltd. Table of Contents Page Cover ............................................................................................................................................................ 1 I. Overview of the Company .................................................................................................................. 2 1. Key Financial Data and Trends ....................................................................................................... 2 2. History ............................................................................................................................................. 5 3. Business Outline .............................................................................................................................. 6 4. Information on Subsidiaries and Affiliates ...................................................................................... 8 5. Employees ..................................................................................................................................... 10 II. Business Overview ............................................................................................................................ 11 1. Management Policy, Business Environment and Issues to be Addressed, etc. .............................. 11 2. Risks Related to Business .............................................................................................................. 14 3. Management Analyses of Financial Position, Results of Operations and Cash Flows .................. 25 4. Critical Contracts for Operation .................................................................................................... 48 III. Equipment and Facilities .................................................................................................................. 49 Overview of Capital Investment ......................................................................................................... 49 IV. Company Information ...................................................................................................................... 50 1. Information on the Company’s Shares .......................................................................................... 50 2. Policy on Dividends ...................................................................................................................... 53 3. Corporate Governance ................................................................................................................... 54 V. Financial Information ....................................................................................................................... 81 Consolidated Financial Statements ..................................................................................................... 81 [Cover] [Document Submitted] Annual Securities Report (“Yukashoken Hokokusho”) [Article of the Applicable Law Article 24, Paragraph 1 of the Financial Instruments and Requiring Submission of Exchange Act of Japan This Document] [Submitted to] Director, Kanto Local Finance Bureau [Date of Submission] June 29, 2020 [Accounting Period] The 15th Fiscal Year (from April 1, 2019 to March 31, 2020) [Company Name] Kabushiki-Kaisha Mitsubishi UFJ Ginko [Company Name in English] MUFG Bank, Ltd. [Position and Name of Representative] Kanetsugu Mike, President & CEO [Location of Head Office] 2-7-1, Marunouchi, Chiyoda-ku, Tokyo, Japan [Phone No.] 03-3240-1111 (main) [Contact for Communications] Zenta Morokawa, Managing Director, Deputy Head of Corporate Administration Division [Nearest Contact] 2-7-1, Marunouchi, Chiyoda-ku, Tokyo, Japan [Phone No.] 03-3240-1111 (main) [Contact for Communications] Zenta Morokawa, Managing Director, Deputy Head of Corporate Administration Division [Place Available for Public Inspection] Available only at the Head Office 1 I. Overview of the Company 1. Key Financial Data and Trends (1) Key consolidated financial data and trends over the current and previous four fiscal years (Millions of yen, unless otherwise stated) Fiscal 2015 Fiscal 2016 Fiscal 2017 Fiscal 2018 Fiscal 2019 From April 1, From April 1, From April 1, From April 1, From April 1, 2015 2016 2017 2018 2019 to March 31, to March 31, to March 31, to March 31, to March 31, 2016 2017 2018 2019 2020 Consolidated ordinary income 4,033,796 4,237,395 4,277,820 4,863,987 5,338,180 Consolidated ordinary profit 1,083,701 992,055 901,550 851,241 711,942 Net income attributable to the shareholders 685,835 689,929 575,260 612,437 97,921 of MUFG Bank Consolidated comprehensive income 453,557 266,086 859,875 487,183 (29,768) Consolidated total equity 13,118,288 12,427,078 12,708,722 12,869,567 12,285,505 Consolidated total assets 222,797,387 229,108,371 239,228,925 253,312,157 270,418,512 Total equity per share (yen) 952.16 933.06 964.46 987.52 960.19 Net income per common share (yen) 55.53 55.86 46.57 49.58 7.92 Diluted net income per common share (yen) 55.53 55.86 46.57 49.58 7.92 Capital ratio (%) 5.27 5.02 4.97 4.81 4.38 Consolidated return on equity (%) 5.82 5.92 4.90 5.08 0.81 Net cash provided by operating activities 1,561,471 6,376,655 10,425,832 10,615,956 6,490,423 Net cash provided by (used in) investing 2,580,849 6,512,818 (1,324,719) (7,878,185) (4,115,796) activities Net cash provided by (used in) financing (82,996) (721,099) (271,096) (65,856) 739,323 activities Cash and cash equivalents at end of period 37,163,259 49,105,070 57,688,651 60,389,520 63,234,971 Number of employees 80,088 84,025 86,058 87,876 106,895 [Besides the above, average number of [22,800] [22,500] [22,100] [21,800] [25,300] temporary employees] (Notes) 1. National and local consumption taxes of MUFG Bank, Ltd. (hereinafter referred to as the “Bank”) and its domestic consolidated subsidiaries are accounted for using the tax-excluded method. 2. Capital ratio is calculated by dividing (“total equity at the end of fiscal year” - “subscription rights to shares at the end of fiscal year” - “noncontrolling interests at the end of fiscal year”) by “total assets at the end of fiscal year.” 3. Consolidated price earnings ratio is not available as shares of the Bank are unlisted. 4. The average number of temporary employees includes contractors and figures are rounded to the nearest hundred. The number of contractors as temporary employees was 5,500, 5,500, 5,400, 4,800 and 4,500, respectively, for the fiscal years ended 2015, 2016, 2017, 2018 and 2019. 5. During the fiscal year ended 2018, the Bank revised its scope of funds reported on the consolidated statements of cash flows and presents key financial data with retroactively adjusted figures. 2 (2) Key non-consolidated financial data and trends of the Bank over the current and previous four fiscal years (Millions of yen, unless otherwise stated) Fiscal period 11th Term 12th Term 13th Term 14th Term 15th Term Period of account March 2016 March 2017 March 2018 March 2019 March 2020 Ordinary income 2,925,593 3,072,712 3,067,560 3,568,249 3,661,200 Ordinary profit 863,736 632,205 637,091 624,464 459,184 Net income (loss) 586,066 481,455 437,710 663,215 (653,072) Capital stock 1,711,958 1,711,958 1,711,958 1,711,958 1,711,958 Common stock Common stock Common stock Common stock Common stock 12,350,038 12,350,038 12,350,038 12,350,038 12,350,038 1st series Class 2 1st series Class 2 1st series Class 2 1st series Class 2 1st series Class 2 preferred stock preferred stock preferred stock preferred stock preferred stock 100,000 100,000 100,000 100,000 100,000 1st series Class 4 1st series Class 4 1st series Class 4 1st series Class 4 1st series Class 4 Total number of shares issued preferred stock preferred stock preferred stock preferred stock preferred stock (thousands of shares) 79,700 79,700 79,700 79,700 79,700 1st series Class 6 1st series Class 6 1st series Class 6 1st series Class 6 1st series Class 6 preferred stock preferred stock preferred stock preferred stock preferred stock 1,000 1,000 1,000 1,000 1,000 1st series Class 7 1st series Class 7 1st series Class 7 1st series Class 7 1st series Class 7 preferred stock preferred stock preferred stock preferred stock preferred stock 177,000 177,000 177,000 177,000 177,000 Total equity 10,627,781 10,231,499 10,420,190 10,913,954 9,801,968 Total assets 200,261,895 204,190,574 212,246,573 225,596,992 239,788,548 Balance of deposits 131,986,582 139,164,104 145,492,629 152,870,674 158,248,564 Balance of loans and bills discounted 86,691,727 81,394,063 79,213,244 87,877,986 88,258,295 Balance of securities 48,913,432 42,235,515 43,375,328 48,739,675 50,781,265 Total equity per share (yen) 860.54 828.45 843.73 883.71 793.67 Common stock Common stock Common stock Common stock Common stock Dividends per share (yen) 30.00 35.66 31.92 8.51 26.16 [Of the above, interim dividends per share [7.80] [8.13] [12.12] [–] [11.45] (yen)] Net income (loss) per common share (yen) 47.45 38.98 35.44 53.70 (52.88) Diluted net income per common share (yen) – – – – – Capital ratio (%) 5.30 5.01 4.90 4.83 4.08 Return on equity (%) 5.55 4.61 4.23 6.21 (6.30) Dividend payout ratio (%) 63.21 91.47 90.06 15.84 – Number of employees 34,865 34,276 34,101 33,524 32,186 [Besides the above, average number of temporary employees] [12,399] [12,407] [11,996] [11,742] [10,783] (Notes) 1. National and local consumption taxes are accounted for using the tax-excluded method. 2. Diluted net income per common share
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