Bank of America Merrill Lynch Japan Conference 2016 September, 2016 Mitsubishi UFJ Financial Group, Inc.
This document contains forward-looking statements in regard to forecasts, targets and plans of Mitsubishi UFJ Financial Group, Inc. (“MUFG”) and its group companies (collectively, “the group”). These forward-looking 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 forward-looking 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 “Outline of Financial Results” was prepared in accordance with accounting standards generally accepted in Japan, or Japanese GAAP, unless otherwise stated. Definitions of figures used in this document Consolidated : Mitsubishi UFJ Financial Group (consolidated) Non-consolidated : Bank of Tokyo-Mitsubishi UFJ (non-consolidated) + Mitsubishi UFJ Trust and Banking Corporation (non-consolidated) (without any adjustments) Commercial bank : Bank of Tokyo-Mitsubishi UFJ (consolidated) consolidated 2
Management index (Consolidated) ROE Dividend per share/Dividend payout ratio Dividend 9.05% 10% 8.77% 8.74% 40.6% 25.2% *4 22.0% 23.4% 24.6% 26.3% 30.0% 29.2% payout *2 7.75% 7.63% ratio 6.89% (¥) Year-end divivend 8.1% 8.0% *2 7.4% 7.4% Interim dividend 4.92% 15 6.6% 5% 6.2% 9 9 9 4.9% 9 10 7 6 6 6 *1 JPX basis MUFG basis 0% 5 9 9 9 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 7 6 6 6 6 (3.97)% 0 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 (4.0)% (5%) (Forecast) EPS BPS (¥) (¥) 1,121.06 1,200 1,092.75 73.22 80 68.29 68.51 1,000 893.77 58.99 *3 60 800.95 47.54 800 612.05 604.58 678.24 39.94 40 29.56 528.66 600 20 400 0 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 200 (20) 0 (25.04) (40) End Mar End Mar End Mar End Mar End Mar End Mar End Mar End Mar 09 10 11 12 13 14 15 16 *1 Profits attributable to owners of parent - Equivalent of annual dividends on nonconvertible preferred stocks × 100 { （ Total shareholders' equity at the beginning of the period - Number of nonconvertible preferred stocks at the beginning of the period × Issue price + Foreign currency translation adjustments at the beginning of the period ） + （ Total shareholders' equity at the end of the period - Number of nonconvertible preferred stocks at the end of the period × Issue price + Foreign currency translation adjustments at the end of the period ） } ÷ 2 *2 11.10%(MUFG basis), 10.6%(JPX basis) before excluding negative goodwill associated with application of equity method accounting on our investment in Morgan Stanley *3 ¥68.09 before excluding negative goodwill associated with application of equity method accounting on our investment in Morgan Stanley 3 *4 17.6% before excluding negative goodwill associated with application of equity method accounting on our investment in Morgan Stanley
Financial targets of the current mid-term business plan • Aim to achieve stable and sustainable income growth through seeking diversified revenue bases especially in customer segment both domestically and overseas, and capital efficiency by improving productivity • Enhance shareholder value by conducting capital management flexibly taking the balance of (1) enhancement of further shareholder returns, (2) maintenance of a solid capital base and (3) strategic investments for sustainable growth, into consideration FY14 FY17 Target FY15 Increase 15% or Growth EPS(¥) ¥73.22 ¥68.51 more from FY14 Between ROE 8.74% 7.63% 8.5-9.0% Profitability Expense ratio 61.1% Approx. 60% 62.3% Financial CET1 ratio 12.2% 9.5% or above 12.1% strength (Full implementation) *1 9.9% (Excluding an impact of net unrealized gains (losses) on available-for-sale securities) *1 Calculated on the basis of regulations to be applied at end Mar 19 4
Contents Outline of FY2016 Q1 results 6 Growth strategy 30 • Key points 7 • Key initiatives for FY16 following changes in the business environment 31 • Income statement summary 8 • BoJ negative interest rate policy 32 • Expenses 9 • Support wealth accumulation and stimulation of • Balance sheets summary 11 consumption for individuals 34 • Loans/Deposits 12 • Contribute to growth of SMEs 37 • Domestic deposit/lending rates 13 • Reform global CIB business model 38 • Domestic and overseas lending 14 • Evolve sales and trading operations 42 • Asset quality 15 • Develop global asset management and Historical credit costs, Non-performing loans investor services operations 43 • Energy and mining portfolio 17 • Further reinforce transaction banking operations 46 Overview, Credit quality • Strengthen commercial banking platforms • Investment securities 23 in Asia and the United States 47 • Capital 24 Corporate governance, Capital policy • Financial results of MUSHD 25 and Equity holdings 52 • Financial results of MUN/ACOM 26 • Financial results of Morgan Stanley and • Corporate governance 53 major collaborations 27 • Capital policy 57 • FY2016 financial target 28 • Dividend forecast 58 • Progress toward FY16 profit target 29 • Repurchase of own shares 59 • Efficient use of capital 60 • Capital management 61 The best capital mix, Reduction of equity holdings Appendix 64 5
Outline of FY2016 Q1 Results 6
Key points of FY2016 Q1 (Consolidated) Breakdown of FY16 Q1 profits Profit attributable to owners of parent was ¥188.9 bn attributable to owners of parent *1 (decreased ¥88.8 bn from FY15 Q1) (¥bn) • Progress rate was 22.2% of ¥850.0 bn target FY16 Q1 • ¥55.5 bn total credit cost was posted MUFG ACOM Consolidated MUN 200 6.8 • Steady growth in overseas loans and non-JPY deposits MUSHD 0.9 188.9 14.8 KS *3 • Fees and commissions income increased without JPY appreciation MS Others *4 MUAH *2 6.9 （ 6.5 ） (0.1) from FY15 Q1 due to favorable performance of corporate fee 7.3 MUTB 48.1 income business although investment product sales struggled Progress of mid-term business plan • Agreed to execute strategic capital and business alliance with BTMU Hitachi Capital 110.4 • Concluded a share purchase agreement to acquire 100% of the 100 issued shares of U.S. fund admin company, Rydex Fund Services • Established U.S. Intermediate Holding Company to comply with U.S. financial regulations • Ongoing integration of BTMU and MUS dealing rooms Shareholder return and others • Repurchased ¥100.0 bn own share • FY 15 dividend was ¥18 per common stock 0 FY 16 dividend forecast is also ¥18 per common stock *1 The above figures take into consideration the percentage holding in each subsidiary and equity method investee (after-tax basis) • Introduced a performance-based stock compensation plan for *2 MUFG Americas Holdings Corporation executives *3 Bank of Ayudhya (Krungsri) *4 Including cancellation of the amount of inter-group dividend receipt and equity method • Approx. ¥30.0 bn equities holdings reduced following ¥120.0 bn income from other affiliate companies reduction in FY15 7
Recommend
More recommend
