This English version is a translation of the original Japanese document and is only for reference purposes. In the case where
any differences occur between the English version and the original Japanese version, the Japanese version will prevail. The
financial results written in the original Japanese document is not audited by independent auditors.

April 28, 2014

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2014
[under Japanese GAAP]
Company name: Mitsubishi UFJ Securities Holdings Co., Ltd.
URL:
http://www.hd.sc.mufg.jp/
Representative: Toshiro Toyoizumi, President & CEO
Contact:
Mitsugu Enjoji, General Manager, Financial Planning Division
TEL: (03) 6213-2550
Scheduled date of General Shareholders’ Meeting:June 26, 2014
Scheduled date to file Securities Report:
June 26, 2014
Supplementary material on financial results: Yes
Financial results presentation meeting:
None(Millions of yen with fractional amounts disregarded)

1.

Consolidated performance for the fiscal year 2013
(from April 1, 2013 to March 31, 2014)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Operating revenue
Millions of yen

Net operating revenue% Millions of yen

Operating income% Millions of yen

Ordinary income% Millions of yen%

FY2013

487,79639.2

450,63347.2

133,923

172.2

163,304

93.9

FY2012

350,52414.2

306,082

28.3

49,201–

84,228120.6

Diluted net income
Net income
per share/equity
Yen
Yen%Millions of yen%
97,781 108.3–
FY2013132.68
13.5
46,946 183.1–
FY201263.70
7.4(Note)
Comprehensive income
FY2013: 191,284 million yen (61.4 %)FY2012:
118,517 million yen (471.6 %)(Reference) Equity in earnings (losses) of affiliates FY2013: 24,506 million yen
FY2012: 24,221 million yen
Net income

Net income per share(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

As of March 31, 2014

Millions of yen
30,418,476

Millions of yen
1,068,092

%
2.6

Yen
1,065.74

As of March 31, 2013

26,506,478

924,400

2.5

904.31(Reference) Equity
As of March 31, 2014: 785,437 million yen
As of March 31, 2013:(Note)“Equity ratio” is computed under the formula shown below:(Total net assets – Subscription rights to shares – Minority interests) / Total assets

666,461 million yen

(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities(Millions of yen)
Cash and cash
equivalents at end of
periodFY2013(2,397)(40,280)

434,373

1,124,995

FY2012(130,199)

82,043335,014717,806<* Notes>(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries
resulting in the change in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement of priorperiod financial statements after error corrections
a. Changes in accounting policies due to revisions to accounting standards and other regulations:Yesb. Changes in accounting policies due to other reasons: Nonec. Changes in accounting estimates: None
d. Restatement of prior period financial statements after error corrections: None
(Note)For details, please refer to “4. Changes in accounting policies” on page 11 of the “Attached Material.”(3) Number of issued shares (common stock)
a.

b.

c.

Total number of issued shares at the end of the period (including treasury stock)
As of March 31, 2014

736,985,496 shares

As of March 31, 2013

736,985,496 shares

Number of shares of treasury stock at the end of the period
As of March 31, 2014

– shares

As of March 31, 2013

– sharesAverage number of shares during the period
Fiscal year ended March 31, 2014

736,985,496 sharesFiscal year ended March 31, 2013

736,985,496 shares<* Indication regarding execution of audit procedures >This financial results report is exempt from the audit procedures pursuant to the Financial
Instruments and Exchange Act. At the time of disclosure of this financial results report, the audit
procedures for consolidated financial statements are in progress.
<* Other special matters >NoneAttached Material

Index
1. Consolidated financial statements(1) Consolidated balance sheets........................

P. 1(2) Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income........................

P. 4

Consolidated statements of comprehensive income........................

P. 6(3) Consolidated statements of changes in net assets........................

P. 7(4) Consolidated statements of cash flows........................

P. 8

2. Notes on premise of going concern........................

P. 10

3. Key items forming the basis of preparation of consolidated financial
statements························

P. 10

4. Changes in accounting policies........................

P. 11(Segment information)........................

P. 12(Per share information)........................

P. 14(1) Breakdown by item........................

P. 15(2) Breakdown by product........................

P. 15

2. Net trading income........................

P. 15

Quarterly Trends in Consolidated Statements of Income........................

P. 16

5. Notes to consolidated financial statements<Reference>
Consolidated Financial Results for the Fiscal Year Ended March 31, 2014
1. Commission received<Reference>Non-consolidated Financial Results of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. for the Fiscal
Year Ended March 31, 2014
(1) Non-consolidated operating results........................

P. 17(2) Non-consolidated financial position........................

P. 18

1.

Consolidated financial statements(1) Consolidated balance sheets(Millions of yen)
As of March 31, 2013ASSETS
Current assets
Cash and deposits
Cash segregated as deposits
Trading products
Trading securities and other
Derivatives
Trade date accrual
Margin transaction assets
Loans on margin transactions
Cash collateral pledged for securities
borrowing on margin transactions
Loans secured by securities
Cash collateral pledged for securities
borrowed
Loans on Gensaki transactions
Advances paid
Short-term guarantee deposits
Short-term loans receivable
Short-term investment securities
Income taxes receivable
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings
Equipment
Land
Construction in progress
Intangible assets
Software
Other
Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total noncurrent assets
Total assets

1

As of March 31, 2014

719,879
148,307
15,530,676
6,006,975
9,523,700–
56,47049,5201,133,772
157,946
14,867,140
7,245,497
7,621,642
151,952
71,272
66,431

6,950

4,840

8,194,267

12,176,027

3,283,734

5,006,564

4,910,532
7,634
782,160
117
181,082
3,110
22,909107,521(21)

7,169,463
5,968
751,608
10,312
277,088
10,69032,071
107,300(11)

25,754,116

29,753,141

27,777
14,415
8,114
5,017
230
43,78324,168
19,615680,800
661,497
437–
1,096
18,805(1,035)31,372
16,276
10,0984,921
75
60,20830,42729,780573,754548,765
282
2,529
1,226
21,889(938)

752,361

665,335

26,506,478

30,418,476

(Millions of yen)
As of March 31, 2013

As of March 31, 2014

LIABILITIESCurrent liabilities
Trading products

12,471,740

11,501,377

Trading securities and other

2,864,481

3,993,318

Derivatives

9,607,258

7,508,058

Trade date accrual

68,720–Margin transaction liabilities

18,911

26,519Borrowings on margin transactions

6,394

2,547

Cash received for securities lending on
margin transactions

12,517

23,972

9,142,300

13,148,960

Cash received on debt credit transaction of
securities

3,924,370

5,637,029

Borrowings on Gensaki transactions

5,217,930

7,511,931

Deposits received

167,420

195,430

Guarantee deposits received

772,533

987,929

Short-term loans payable

996,569

1,047,667

Current portion of long-term loans payable

26,046

70,139Commercial papers

446,700

553,800

Current portion of bonds

161,719

109,812

Income taxes payable

8,700

13,289Provision for bonuses

28,56038,430Loans payable secured by securities

Asset retirement obligations

278

276

Other current liabilities

61,93085,656

Total current liabilities

24,372,132

27,779,290

Bonds payable

803,310

1,124,031

Long-term loans payable

379,572428,566

Deferred tax liabilities

10,284

9,298

Provision for retirement benefits

10,960

–

–

2,539

Noncurrent liabilities

Net defined benefit liability
Provision for directors’ retirement benefits

489

212

Asset retirement obligations

4,093

4,765

Other noncurrent liabilities

214

347

Total noncurrent liabilities

1,208,924

1,569,761

Reserve for financial products transaction
liabilities

1,021

1,332

Total reserves under the special laws

1,021

1,332

25,582,077

29,350,384

Reserves under the special laws

Total liabilities

2

(Millions of yen)
As of March 31, 2013

As of March 31, 2014

NET ASSETS
Shareholders’ equity
Capital stock

75,51875,518

Capital surplus

426,948

426,948

Retained earnings

185,613

266,850

Total shareholders’ equity

688,081769,317

6,067

4,893

36

(38)

Foreign currency translation adjustment(27,724)

8,872

Remeasurements of defined benefit plans

–

2,391

Total accumulated other comprehensive income(21,620)

16,119Minority interests

257,939

282,654

Total net assets

924,400

1,068,092

26,506,478

30,418,476

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges

Total liabilities and net assets3(2) Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
For the fiscal year ended
March 31, 2014

For the fiscal year ended
March 31, 2013
(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Operating revenue
Commission received

171,957

242,578

Net trading income

107,329

210,448

Net gain on private equity and other securities(4,735)(1,045)

Other net gain on goods trading

125

123

Financial revenue

75,84635,692

Total operating revenue

350,524

487,796

Financial expenses

44,441

37,163

Net operating revenue

306,082

450,633

Selling, general and administrative expenses
Trading related expenses

74,326

98,794

Personnel expenses

110,469

133,373

Real estate expenses

20,93122,227

Office cost

25,97430,910Depreciation

14,301

13,727

Taxes and dues

4,462

9,510

Other

6,415

8,166

256,881316,710

49,201

133,923

Total selling, general and administrative
expenses
Operating income
Non-operating income
Interest income

6,967

5,144

Equity in earnings of affiliates

24,221

24,506

Other

5,529

2,470

Total non-operating income

36,71732,121Non-operating expenses–

788

Foreign exchange losses
Loss on investments in limited liability
investment partnerships and others
Other

1,066

587

1

575

623

788

Total non-operating expenses

1,690

2,740

84,228163,304

Loss on valuation of investment securities

Ordinary income

4

(Millions of yen)
For the fiscal year ended
March 31, 2014

For the fiscal year ended
March 31, 2013
(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Extraordinary income
Gain on sales of investment securities
Gain on sales of subsidiaries and affiliates’
stocksGain on redemption of investment securities
Gain on sales of noncurrent assets
Total extraordinary income

4,697

8,475

–

103

–

226

457

1

5,154

8,807

238

189

1,322

–

110

57

Extraordinary loss
Loss on sales of investment securities
Loss on sales of stocks of subsidiaries andaffiliates
Loss on valuation of investment securities
Loss on sales of noncurrent assets
Impairment loss
Provision of reserve for financial products
transaction liabilities
Extra retirement payments
Other

29

26

1,420

2,359

3

311

321

–

84

318

3,531

3,263

Income before income taxes and minority interests

85,851

168,848

Income taxes-current

9,746

21,790

Income taxes-deferred(6,829)(9,403)

Total income taxes

2,916

12,386

Income before minority interests

82,935

156,461

Minority interests in income

35,98858,679Net income

46,946

97,781

Total extraordinary losses

5Consolidated statements of comprehensive income(Millions of yen)
For the fiscal year ended
March 31, 2014

For the fiscal year ended
March 31, 2013
(From April 1, 2012
to March 31, 2013)

Income before minority interests(From April 1, 2013
to March 31, 2014)

82,935

156,461

13,239(2,457)

Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income ofassociates accounted for using equity method
Total other comprehensive income
Comprehensive income

935

(74)

21,38837,35719(3)35,582

34,822

118,517

191,284

78,102

133,130

40,41558,153(Comprehensive income attributable to)Comprehensive income attributable to ownersof the parent
Comprehensive income attributable to minority
interests6(3) Consolidated statements of changes in net assets
For the fiscal year ended March 31, 2013 (From April 1, 2012 to March 31, 2013)(Millions of yen)
Shareholders’ equity

Accumulated other comprehensive income
Valuationdifferenceonavailablefor-salesecurities

Deferred
gains orlosses onhedges(4,166)

(898)

Total
Foreign
Remeasurements accumulated
currencyof defined benefit
othertranslationplanscomprehensive
adjustment
incomeMinority
interests

Total net
assets224,128

819,651

Capitalstock

CapitalsurplusRetainedearnings

Total
shareholders’equity75,518426,948

145,830

648,297

Dividends
from surplus(7,163)(7,163)(7,163)

Net income

46,946

46,946

46,946

Balance at the
beginning ofcurrent period(47,709)–(52,775)

Changes of
items during theperiodNet changes of
items otherthanshareholders’equity10,234935

19,985–31,15533,81064,965

Total changesof items during
the period––

39,78339,783

10,234935

19,985–31,15533,810104,749

Balance at theend of current
period75,518426,948

185,613

688,0816,067

36(27,724)–(21,620)

257,939

924,400

For the fiscal year ended March 31, 2014 (From April 1, 2013 to March 31, 2014)(Millions of yen)
Shareholders’ equity

Accumulated other comprehensive income
Valuationdifferenceonavailablefor-salesecurities

Deferred
gains orlosses onhedges

6,067

36

Total
Foreign
Remeasurements accumulated
currencyof defined benefit
othertranslationplanscomprehensive
adjustment
incomeMinority
interests

Total net
assets257,939

924,400

Capitalstock

CapitalsurplusRetainedearnings

Total
shareholders’equity75,518426,948

185,613

688,081

Dividends
from surplus(16,545)(16,545)(16,545)

Net income

97,78197,78197,781

Balance at the
beginning ofcurrent period(27,724)–(21,620)

Changes of
items during theperiodNet changes of
items otherthanshareholders’equityTotal changes of
items during theperiodBalance at theend of current
period(1,174)(74)

36,597

2,391

37,73924,71562,455––

81,236

81,236(1,174)(74)

36,597

2,391

37,73924,715

143,691

75,518426,948

266,850

769,317

4,893

(38)

8,872

2,391

16,119282,654

1,068,092

7

(4) Consolidated statements of cash flows(Millions of yen)
For the fiscal year ended
March 31, 2014

For the fiscal year ended
March 31, 2013
(From April 1, 2012
to March 31, 2013)

Cash flows from operating activities
Income before income taxes and minority
interests
Depreciation and amortization
Amortization of goodwill
Increase (decrease) in provision for retirement
benefits
Increase (decrease) in provision for directors’
retirement benefits
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in reserve for financial
products transaction liabilities
Increase (decrease) in net defined benefit liability
Interest and dividends income
Interest expenses
Equity in (earnings) losses of affiliates
Loss (gain) on sales of investment securities
Loss (gain) on sales of stocks of subsidiaries andaffiliates
Loss (gain) on redemption of investment
securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of noncurrent assets
Impairment loss
Extra retirement payments
Decrease (increase) in cash segregated as
deposits for customers
Decrease (increase) in trading products-assets(liabilities)
Decrease (increase) in trade date accrual
Decrease/increase in assets/liabilities for margintransaction
Decrease/increase in loans/borrowings secured
by securities
Decrease/increase in advance paid/deposits
received
Decrease (increase) in short-term guarantee
deposits
Increase (decrease) in guarantee deposits
received
Other, net(From April 1, 2013
to March 31, 2014)

85,851

168,848

14,301
243

13,727
1,140

(728)

–

(81)

(276)

(128)

(106)

3

311

–
(84,585)
44,441(24,221)(4,458)(2,534)(41,598)
37,163(24,506)(9,040)

1,322

(103)

–

(226)

(1,926)
(427)
1,420
321

846
24
2,359
–

(36,902)(10,184)(1,620,931)(151,742)

300,578(226,622)(13,250)(7,193)

1,185,728

34,41968,20630,871(75,190)

138,178(76,445)

52,95844,235(46,104)

Subtotal(192,624)(39,390)

Interest and dividends income received
Interest expenses paid
Head office transfer cost paid
Early extra retirement payments paid
Extra retirement payments paid
Income taxes paid
Income taxes refund

102,668(38,891)
(464)
(742)
(282)
(8,575)
8,713

94,960(32,859)––(47)(28,311)3,250

Net cash provided by (used in) operating
activities(130,199)(2,397)

8

(Millions of yen)
For the fiscal year ended
March 31, 2014

For the fiscal year ended
March 31, 2013
(From April 1, 2012
to March 31, 2013)

Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of short-term investment securities
Proceeds from sales and redemption of securities
Purchase of investment securities
Proceeds from sales and redemption of
investment securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant andequipment
Payments for retirement of property, plant andequipment
Purchase of intangible assets
Proceeds from sales of intangible assets
Decrease (increase) in call and other loans
Purchase of investments in subsidiaries
Purchase of investments in subsidiaries resulting
in change in scope of consolidation
Proceeds from sales of investments in
subsidiaries resulting in change in scope of
consolidation
Other, net
Net cash provided by (used in) investing
activities
Cash flows from financing activities
Net increase (decrease) in short-term loans
payableIncrease (decrease) in commercial papers
Proceeds from long-term loans payable
Repayment of long-term loans payable
Proceeds from issuance of bonds
Redemption of bonds
Cash dividends paid
Payments of cash dividends to minority
shareholders
Repayments to minority shareholders
Proceeds from stock issuance to minority
shareholders
Net cash provided by (used in) financing
activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents(From April 1, 2013
to March 31, 2014)(2,302)35,317(718,479)
654,890(159,344)(10,442)3,754(288,590)
305,640(152,023)

289,256

149,635(2,725)(8,381)1,001

12(1,155)(629)(9,281)
91
9,731–(14,779)1(10,039)(14,439)(14,986)

–

17

–

13

–

82,043(40,280)

349,439

53,918(83,400)
169,600(184,573)
380,468(281,524)(7,163)

107,100
165,508(70,357)
710,566(485,639)(16,545)(7,902)(19,724)–(10,454)70

1335,014434,373

8,425

15,493295,284

407,189

Cash and cash equivalents at beginning of period

422,521717,806

Cash and cash equivalents at end of period

717,806

1,124,995

9

2.

Notes on premise of going concern
None

3.

Key items forming the basis of preparation of consolidated financial statements
1. Scope of consolidation
Number of consolidated subsidiaries: 15 companies (previous year: 21 companies)
Names of consolidated subsidiaries
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley PB Securities Co., Ltd. (Note)
KOKUSAI Asset Management Co., Ltd.
MUS Business Service Co., Ltd.
MUS Information Systems Co., Ltd.
Mitsubishi UFJ Securities International plc
Mitsubishi UFJ Wealth Management Bank (Switzerland), Ltd.
Mitsubishi UFJ Securities (USA), Inc.
Mitsubishi UFJ Securities (HK) Holdings, Limited
Mitsubishi UFJ Securities (HK), Limited
Mitsubishi UFJ Securities (Singapore), Limited
Ling Zheng Investment Consulting (Shanghai) Co., Ltd.
TMI Nominees Limited
MM Partnership
Corporate Value Up Fund Investment Limited Liability Partnership(Note)

Mitsubishi UFJ Morgan Stanley PB Securities Co., Ltd. has changed its trade name ofcompany from Mitsubishi UFJ Merrill Lynch PB Securities Co., Ltd.

(Exclusion)
MUS Principal Investments Co., Ltd.
MU Hands-on Capital Ltd.
The above two companies were excluded from the scope of consolidation due to anabsorption-type merger with the Company.
MUS Facility Service Co., Ltd.
The above company was excluded from the scope of consolidation due to anabsorption-type merger with MUS Business Service Co., Ltd., a consolidated subsidiaryof the Company.
MFHK Nominees Limited
Hands-on No.1 Venture Capital Investment Limited Partnership
Hands-on No.1-2 Venture Capital Investment Limited Partnership
The above three companies were excluded from the scope of consolidation due tocompletion of liquidation.

10

2. Application of equity method
Two affiliates are under the equity method (previous year: three companies)
Names of affiliates under equity method
Morgan Stanley MUFG Securities Co., Ltd.
Marunouchi Capital Co., Ltd.
(Exclusion)
Maybank Asset Management Singapore Pte. Ltd.
The above company was excluded from the scope of affiliates under equity method since
the Company sold its shares.
3. Financial closing dates and other details of consolidated subsidiaries
The financial closing dates of consolidated subsidiaries are as follows.
End of December 10 subsidiaries
End of March
5 subsidiaries
Of the consolidated subsidiaries whose financial closing date differs from the consolidated
financial closing date, 10 subsidiaries for which the difference in closing dates was three months
or less were accounted for based on the financial statements as of the financial closing date ofeach subsidiary. However, necessary adjustments were made to the consolidated financial
statements for any significant transactions that took place between the end of the fiscal year ofeach subsidiary and the end of the consolidated fiscal year.
Disclosure of the items other than above was omitted because there were no significant changes
from the latest Securities Report (submitted on June 26, 2013).

4.

Changes in accounting policies
Application of accounting standard for retirement benefits
The Company has applied the “Accounting Standard for Retirement Benefits” (ASBJ Statement No.
26, May 17, 2012) and “Guidance on Accounting Standard for Retirement Benefits” (ASBJ
Guidance No. 25, May 17, 2012), except for the provisions of the main clauses of Paragraph 35 of
the Accounting Standard for Retirement Benefits and Paragraph 67 of Guidance on AccountingStandard for Retirement Benefits, effective from the end of the fiscal year ended March 31, 2014.
Accordingly, the Company has changed its accounting policy to one that recognizes the difference
between retirement benefit obligations and plan assets as net defined benefit liability (asset) andrecorded unrecognized actuarial gain or loss and unrecognized past service cost under net defined
benefit liability (asset).
Application of the Accounting Standard for Retirement Benefits and Guidance on AccountingStandard for Retirement Benefits is in line with the transitional measures provided in Paragraph 37of the Accounting Standard for Retirement Benefits. In accordance with such measures, the effect of
the change has been added to or deducted from remeasurements of defined benefit plans underaccumulated other comprehensive income.
As a result of the change, as of the end of the fiscal year ended March 31, 2014, net defined benefit
asset of 2,529 million yen and net defined benefit liability of 2,539 million yen were recorded. And
accumulated other comprehensive income increased by 2,391 million yen and minority interests
increased by 1,604 million yen.
The effect of this application on per share information is immaterial.

11

5.

Notes to consolidated financial statements(Segment information)
For the fiscal year ended March 31, 2014 (From April 1, 2013 to March 31, 2014)
1. Overview of reportable segments
The Company and its consolidated subsidiaries (the “Group”) identify the reportable segment as acomponent unit that constitutes a business for which discrete financial information is available
and is regularly reviewed by the Board of Directors to make decisions about the allocation of
resources to the segment and assess its performance.
The Group is engaged in business activities centered on financial instruments business in many
areas and provides services relating to investment and financing services. While promoting
cooperation among group companies under control, the Company, as a holding company ofsecurities companies, makes decisions about the allocation of resources and assesses theperformance of each group company by type of service.
Therefore, the Group’s segments are distinguished by the service and the geographical area, andthus the following items are identified as reportable segments: “Securities Brokerage (Japan),”“Securities Brokerage (U.K.),” “Securities Brokerage (U.S.A.)” and “Asset Management.”“Securities Brokerage” provides customers with broader investment and financing services fromboth funding and investment aspects and “Asset Management” mainly provides with services of
establishment and management of investment trusts targeting various assets as investments.
2. The calculation method of net operating revenue, profit or loss, assets and other items byreportable segment
Accounting policy for business segment reported is consistent with “Key items forming the basisof preparation of consolidated financial statements.” Reportable segment profit or loss is theamount based on the profit or loss after applicable taxes. Inter-segment net operating revenue andtransfers are based on actual market prices.

123. Information about net operating revenue, profit or loss, assets and other items by reportablesegment(Millions of yen)Amounts on
consolidated
Adjustment
financial(Note 2)statements(Note 3)

Reportable segment
Securities
Brokerage(Japan)Securities
Brokerage(U.K.)Net operating revenue
Net operating revenue
from external
310,154
41,512
customers
Inter-segment net
operating revenue or
2,830
6,560
transfers
Total
312,984
48,072
Segment profit
121,123
2,131
Segment assets
16,260,217 11,561,510
Other items:
Depreciation and
10,2952,103
amortization
Amortization of––
goodwillInterest income
54,778Interest expenses––
Equity in earnings––(losses) of affiliates
Extraordinary income
8,219–
Gain on sales ofinvestment
8,219–
securities
Extraordinary loss
2,832
4
Impairment loss
2,193
–
Taxes
2,071
684
Investment inaffiliates under equity––
methodIncrease in property,
plant and equipment
17,123
3,019
and intangible assets

Securities
Asset
Brokerage
Management(U.S.A.)

Other(Note 1)

Total

Total

26,91936,804415,389

35,244450,633–

450,633

1,319–

10,71028,09638,807(38,807)–28,2382,383
3,065,446

36,804426,100
5,815
131,455
91,953 30,979,128

63,340489,441(38,807)450,633
57,434
188,889(91,108)
97,7812,210,700 33,189,829 (2,771,352) 30,418,476

368

587

13,354770

14,125(397)

13,727

–

–

–

–

–

1,140

1,140

–
–

324
–

5,107
–

153
51

5,261
51

(116)
(51)

5,144
–

–

–

–

–

–

24,506

24,506

–

482

8,701

4,785

13,487(4,680)

8,807

–

256

8,475

4,356

12,831(4,356)

8,475

–
–
1,972

42
–
3,279

2,879
2,193
8,008

25,525171
4,325

28,4042,365
12,333(25,141)
(5)
52

3,263
2,359
12,386–––

413,054

413,054(151,519)

261,535

427

578

21,1493,382

24,531(387)

24,143(Notes) 1. “Other” includes the holding company of securities companies, principal investment operations andothers.
2. Adjustment includes the following:(1) Adjustment to segment profit, amounting to (91,108) million yen, includes (81,244) million yen of
eliminations of inter-segment transactions, 24,919 million yen of reversal of impairment loss on
investments in subsidiaries recognized in non-consolidated financial statements, and (34,236) million
yen of equity in earnings or losses of affiliates, taxes and minority interests in income or loss all ofwhich were not allocated to each segment.
(2) Adjustment to segment assets is mainly eliminations of assets and liabilities between segments.
3. Segment profit is adjusted to be consistent with net income for the fiscal year ended March 31, 2014.

13

(Per share information)

FY2013(From April 1, 2013
to March 31, 2014)

Net assets per share (Yen)

1,065.74

Basic net income per share (Yen)132.68(Notes) 1. Diluted net income per share is not presented since there were no potential shares.
2. The basis of calculation for basic net income per share is as follows.
(Millions of yen)
FY2013(From April 1, 2013
to March 31, 2014)

Net income
Net income not attributable to common
stockholder

97,781

Net income attributable to common stock
Average number of shares(Thousands of shares)

97,781–

736,985

3. The basis of calculation for net assets per share is as follows.
(Millions of yen)
As of March 31, 2014
1,068,092

Total net assets
Amount to be deducted from total net assets

282,654

Minority interests
Net assets at end of year attributable tocommon stock
Number of common shares outstanding at
end of year used to calculate net assets per
share (Thousands of shares)

282,654785,437
736,985

14

<Reference>

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2014

1. Commission received(1) Breakdown by item
(Millions of yen)
FY2012FY2013(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Increase(Decrease)

22,69444,95022,256

Stocks

22,24244,006

21,763

Bonds

163

242

79

29,233

43,207

13,973

7,261

18,856

11,594

21,971

24,3502,379

47,47062,94815,477

46,792

61,864

15,071

72,55991,472

18,912

Commission to consignees

Commission forunderwriting, secondary
distribution and solicitation
for selling and others for
professional investors
Stocks
Bonds
Fee for offering, secondary
distribution and solicitation
for selling and others for
professional investors
Beneficiary certificates
Other fees received
Beneficiary certificates

46,92753,724

6,797

171,957

242,578

70,620FY2012FY2013(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Increase(Decrease)

Stocks31,62468,757

37,133

Bonds

23,991

26,9252,934

Beneficiary certificates

93,970116,225

22,254

Other

22,371

30,669

8,298

Total

171,957

242,578

70,620FY2012FY2013(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Increase(Decrease)Total(2) Breakdown by product(Millions of yen)

2. Net trading income(Millions of yen)

Stocks

8,502

64,67656,174

Bonds

122,490

151,234

28,743

Other(23,663)(5,463)

18,200

Total

107,329

210,448

103,119

15

<Reference>

Quarterly Trends in Consolidated Statements of Income

Operating revenue
Commission received
Commission to consignees
Stocks
Bonds
Commission for underwriting,secondary distribution andsolicitation for selling and others for
professional investors
Stocks
Bonds
Fee for offering, secondary
distribution and solicitation for
selling and others for professional
investors
Beneficiary certificates
Other fees received
Beneficiary certificates
Net trading income
Net trading income from securities(stocks)
Net trading income from bonds
Other net trading income
Net gain on private equity and othersecurities
Other net gain on goods trading
Financial revenue
Financial expenses
Net operating revenue
Selling, general and administrative
expenses
Trading related expenses
Personnel expenses
Real estate expenses
Office cost
Depreciation
Taxes and dues
Other
Operating income
Non-operating income
Non-operating expenses
Ordinary income
Extraordinary income
Extraordinary loss
Income before income taxes andminority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income(Millions of yen)
3Q of FY2013 4Q of FY2013

4Q of FY2012

1Q of FY2013(January 1 toMarch 31, 2013)(April 1 toJune 30, 2013)

119,164
63,393
10,334
10,15852

134,808
69,814
16,254
16,03535

111,276
56,340
9,734
9,482
98

120,817
56,072
11,312
11,087
53

120,894
60,350
7,648
7,401
54

9,762

8,867

8,543

10,521

15,273

2,602
7,159

3,469
5,398

3,527
5,016

4,311
6,210

7,548
7,725

21,714

21,294

13,783

13,581

14,28821,17021,582
13,21033,617

21,124
23,39814,26555,031

13,552
24,27813,41552,153

13,483
20,656
13,37753,915

13,70323,13912,66649,347

8,845

16,645

19,34019,604

9,085

34,218(9,446)42,911(4,525)38,808(5,995)39,063(4,752)30,4509,810(2,659)(2,000)

(572)

1,661

(134)

30
24,782
12,212
106,951

105
11,856
8,662
126,145

3
3,350
7,554
103,722

14
9,153
8,565
112,251

11,332
12,380108,51480,896

83,62372,55875,681

84,84624,982
36,833
5,363
6,840
3,949
617
2,309
26,054
12,855
1,018
37,891
1,270
1,930

25,83333,525
5,102
6,902
3,249
7,308
1,701
42,521
15,032487
57,0668,043
136

23,041
29,913
5,705
7,708
3,363
849
1,975
31,1635,775
51
36,887
118
402

22,55733,758
5,443
7,649
3,385
863
2,023
36,5707,373
1,054
42,888387
444

27,361
36,176
5,975
8,650
3,728
488
2,466
23,6673,940
1,146
26,461257
2,279

37,23064,97236,60342,831

24,4395,393(3,008)2,384
34,84615,99918,846

6,726(1,331)
5,395
59,57720,01039,567

4,815(9,191)(4,376)40,97917,377
23,602

5,723(1,731)
3,992
38,83915,03423,805

4,524
2,851
7,375
17,064
6,258
10,80616

2Q of FY2013(July 1 to
(October 1 to
September 30, 2013) December 31, 2013)(January 1 toMarch 31, 2014)–

<Reference>Non-consolidated Financial Results of
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
for the Fiscal Year Ended March 31, 2014

(1) Non-consolidated operating results(Millions of yen)

Operating revenue

FY2012FY2013(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Increase(Decrease)

230,427

321,842

91,414

Commission received

110,137

165,465

55,327

Net trading income

97,254

136,984

39,729Net operating revenue

220,268

312,984

92,716

Operating income

47,849116,340

68,490Ordinary income

49,472

117,808

68,335

Net income

56,098

121,12365,025(Breakdown of operating revenue)<Breakdown by item of commission received>(Millions of yen)
FY2012FY2013(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Increase(Decrease)

19,07242,60623,534

11,151

20,777

9,625

42,45951,206

8,746

Other fees received

37,45450,875

13,421

Total

110,137

165,465

55,327FY2012FY2013(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Increase(Decrease)

28,08764,74536,657

Commission to consignees
Commission forunderwriting, secondary
distribution and solicitation
for selling and others for
professional investors
Fee for offering, secondary
distribution and solicitation
for selling and others for
professional investors<Breakdown by product of commission received>(Millions of yen)

Stocks
Bonds

5,971

5,764

(207)

Beneficiary certificates

57,41968,000

10,581

Other

18,65826,954

8,295

Total

110,137

165,465

55,32717

<Net trading income>(Millions of yen)
FY2012FY2013(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Increase(Decrease)

Stocks

19,55548,28828,732

Bonds

85,53996,18010,641Other(7,840)(7,484)

355

Total

97,254

136,984

39,729(2) Non-consolidated financial position(Millions of yen)
Increase(Decrease)

As of March 31, 2013

As of March 31, 2014

Total assets

14,139,614

16,260,217

2,120,602

Net assets

288,524

378,939

90,415Note:

The net capital adequacy ratio as of March 31, 2014 is 292%.

18