MUFG reports financial results for 9 months of FY08

Mitsubishi UFJ Financial Group reported its financial results and said its total assets as of December 31, 2008 increased by 5,898.4 billion yen from March 31, 2008 to 198,891.6 billion yen, and total net assets as of December 31, 2008 decreased by 406.9 billion yen from March 31, 2008 to 9,192.7 billion yen. The decrease in total net assets reflected a decrease of total valuation and translation adjustments by 1,168.2 billion yen, which were mainly due to a decrease of net unrealised gains (losses) on other securities reflecting the decline of share prices, even though total shareholders' equity increased by 752.5 billion yen due to the issuance of new shares and preferred shares through a third-party allotment, and the sale of treasury shares.

With regards to major items of assets, securities as of December 31, 2008 increased by 4,657.5 billion yen from March 31, 2008 to 45,509.2 billion yen, and loans and bills discounted as of December 31, 2008 increased by 4,586.1 billion yen from March 31, 2008 to 93,125.0 billion yen. With regards to major items of liabilities, deposits as of December 31, 2008 decreased by 3,179.1 billion yen from March 31, 2008 to 118,128.1 billion yen.

Consolidated earnings forecasts
MUFG revised its earnings forecasts for the fiscal year ending March 31, 2009, which were announced on November 18, 2008, mainly due to recognition of losses on write-down of marketable equity securities, caused by the decline of share prices for the third quarter. (The forecast of annual dividends per share of common stock, an annual dividend of ¥14 per common share, for the fiscal year ending March 31, 2009 has not been revised.)

The earnings forecasts assume share price levels as of the end of December 2008. Because MUFG Group uses a reversal method for recording losses on write-down of marketable equity securities at quarter ends, the amount of losses on write-down of marketable equity securities for the fiscal year ending March 31, 2009 will depend on share prices as of March 31, 2009. Consequently, actual results may differ significantly from the forecasts depending on share price levels and other factors.