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 26, 2013

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2013
[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 Enjouji, General Manager, Financial Planning Division
TEL: (03) 6213-2550
Scheduled date of General Shareholders’ Meeting:June 26, 2013
Scheduled date to file Securities Report:
June 26, 2013
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 2012
(from April 1, 2012 to March 31, 2013)(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

FY2012

350,52414.2

306,082

28.3

49,201FY2011

306,92651.7

238,58570.6(1,539)Ordinary income% Millions of yen%–

84,228120.6–

38,177–

Diluted net income
Net income
per share/equity
Yen
Yen%Millions of yen%
46,946 183.1–
FY2012
63.70
7.4
16,583–
FY2011–22.86
2.9(Note)
Comprehensive income
FY2012: 118,517 million yen (471.6 %)FY2011:
20,734 million yen (– %)(Reference) Equity in earnings (losses) of affiliates FY2012: 24,221 million yen
FY2011: 30,268 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, 2013

Millions of yen
26,506,478

Millions of yen
924,400%
2.5

Yen
904.31

As of March 31, 2012

22,436,260

819,6512.7

808.05(Reference) Equity
As of March 31, 2013: 666,461 million yen
As of March 31, 2012:(Note)“Equity ratio” is computed under the formula shown below:(Total net assets – Subscription rights to shares – Minority interests) / Total assets

595,522 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
periodFY2012(130,199)

82,043335,014717,806

FY2011

296,032

60,833(543,014)

422,521<* Notes>(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries
resulting in the change in scope of consolidation): Yes
Newly consolidated: 1 company (Mitsubishi UFJ Merrill Lynch PB Securities Co., Ltd.)(Note)For details, please refer to “3. Key items forming the basis of preparation of consolidated financial statements” onpage 12 of the “Attached Material.”(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:Noneb. 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
(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, 2013

736,985,496 shares

As of March 31, 2012

736,985,496 shares

Number of shares of treasury stock at the end of the period
As of March 31, 2013

– shares

As of March 31, 2012

– sharesAverage number of shares during the period
Fiscal year ended March 31, 2013

736,985,496 sharesFiscal year ended March 31, 2012

725,318,829 shares<* Indication regarding execution of audit procedures >This financial results report is exempt from the audit procedures for financial statements pursuant to
the Financial Instruments and Exchange Act. At the time of disclosure of this financial results report,
the audit procedures for 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. 10

2.

Notes on premise of going concern·························

P. 12

3.

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

P. 12(Segment information)·························

P. 14(Per share information)·························

P. 16(1) Breakdown by item·························

P. 17(2) Breakdown by product·························

P. 17

Net trading income·························

P. 17·························

P. 18

4.

Notes to consolidated financial statements<Reference>
Consolidated Financial Results for the Fiscal Year Ended March 31, 2013
1.

2.

Commission received

Quarterly Trends in Consolidated Statements of Income<Reference>Non-consolidated Financial Results of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. for the Fiscal
Year Ended March 31, 2013
(1) Non-consolidated operating results·························

P. 19(2) Non-consolidated financial position·························

P. 20

1.

Consolidated financial statements(1) Consolidated balance sheets(Millions of yen)
As of March 31, 2012ASSETS
Current assets
Cash and deposits
Cash segregated as deposits
Trading products
Trading securities and other
Derivatives
Trade date accrual
Private equity and other securities
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
Stocks of parent company
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
Lease assets
Construction in progress
Intangible assets
Software
Other
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total noncurrent assets
Total assets

1

As of March 31, 2013

452,899
98,242
12,183,845
4,743,416
7,440,428
232,720
31,791
39,56629,395

719,879
148,307
15,530,676
6,006,975
9,523,700–
21,19956,47049,52010,1716,950

7,684,079

8,194,267

3,621,431

3,283,734

4,062,647
8,716
645,600
101
254
241,410
9,147
11,57588,561(48)

4,910,532
7,634
782,160
117
344
181,082
3,110
22,90985,978(21)

21,728,465

25,754,116

29,20915,760
7,899
5,399
0
149
26,23325,773460
652,350
630,686
3,585
3,289
15,924(1,136)

27,777
14,415
8,114
5,017
–
230
43,78324,168
19,615680,800
661,497
437
1,096
18,805(1,035)

707,794752,361

22,436,260

26,506,478

(Millions of yen)
As of March 31, 2012

As of March 31, 2013

LIABILITIESCurrent liabilities
Trading products

10,762,769

12,471,740

Trading securities and other

3,290,150

2,864,481

Derivatives

7,472,619

9,607,258–

68,72015,25818,911

Borrowings on margin transactions

7,798

6,394

Cash received for securities lending on
margin transactions

7,460

12,517

7,486,103

9,142,300

Cash received on debt credit transaction of
securities

3,093,995

3,924,370

Borrowings on Gensaki transactions

4,392,107

5,217,930

Deposits received

89,715

167,420

Guarantee deposits received

757,258

772,533

Short-term loans payable

617,497996,569

Current portion of long-term loans payable

111,056

26,046

Commercial papers

530,100

446,700

Current portion of bonds

158,678

161,719

Income taxes payable

3,164

8,700

Provision for bonuses

15,321

28,560Trade date accrual
Margin transaction liabilities

Loans payable secured by securities

Asset retirement obligations

1,107

278

Other current liabilities

47,463

61,930Total current liabilities

20,595,495

24,372,132

Bonds payable

689,490803,310Long-term loans payable

310,489379,572

Deferred tax liabilities

3,840

10,284

Provision for retirement benefits

11,575

10,960541

489

Asset retirement obligations

3,927

4,093

Other noncurrent liabilities

257

214

Total noncurrent liabilities

1,020,123

1,208,924

Reserve for financial products transaction
liabilities

989

1,021

Total reserves under the special laws

989

1,021

21,616,609

25,582,077

Noncurrent liabilities

Provision for directors’ retirement benefits

Reserves under the special laws

Total liabilities

2

(Millions of yen)
As of March 31, 2012

As of March 31, 2013

NET ASSETS
Shareholders’ equity
Capital stock

75,51875,518

Capital surplus

426,948

426,948

Retained earnings

145,830

185,613

Total shareholders’ equity

648,297

688,081(4,166)

6,067

(898)

36

(47,709)(27,724)

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income(52,775)(21,620)

Minority interests

224,128

257,939

Total net assets

819,651

924,400

22,436,260

26,506,478

Total liabilities and net assets3(2) Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income
For the fiscal year ended
March 31, 2012
(From April 1, 2011
to March 31, 2012)(Millions of yen)
For the fiscal year ended
March 31, 2013
(From April 1, 2012
to March 31, 2013)

Operating revenue
Commission received

143,016

171,957

Net trading income

86,031

107,329

Net gain on private equity and other securities(2,173)(4,735)

Other net gain on goods trading

(486)

125

Financial revenue

80,53875,846

Total operating revenue

306,926

350,524

Financial expenses

68,34144,441

Net operating revenue

238,585

306,082

Selling, general and administrative expenses
Trading related expenses

66,682

74,326

Personnel expenses

97,278110,469

Real estate expenses

25,33420,931

Office cost

23,99525,974

Depreciation

16,42414,301

Taxes and dues

4,961

4,462

Other

5,448

6,415

240,124

256,881(1,539)49,201

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

7,210

6,967

Equity in earnings of affiliates

30,26824,221

Other

4,994

5,529

Total non-operating income

42,47336,717

Non-operating expenses
Interest expenses

467–

Loss on retirement of noncurrent assets

370

386

Foreign exchange losses

876

1,066

Stock issuance cost

348

–

Other

693

238

2,756

1,690

38,177

84,228

Total non-operating expenses
Ordinary income

4

(Millions of yen)
For the fiscal year ended
March 31, 2013

For the fiscal year ended
March 31, 2012
(From April 1, 2011
to March 31, 2012)(From April 1, 2012
to March 31, 2013)

Extraordinary income
Gain on sales of investment securities
Gain on sales of subsidiaries and affiliates’
stocksGain on sales of noncurrent assets
Reversal of reserve for financial products
transaction liabilities
Total extraordinary income

5,408

4,697

12,318

–

129

457

382

–

18,238

5,154

2,116

238

75

1,322

4,529

110

Extraordinary loss
Loss on sales of investment securities
Loss on sales of stocks of subsidiaries andaffiliates
Loss on valuation of investment securities

340

29

Impairment loss
Provision of reserve for financial products
transaction liabilities
Head office transfer cost

2,403

1,420

–

3

1,881

–

Early extra retirement payments

20,512–Extra retirement payments

–

321

Other

–

84

31,8593,531

Income before income taxes and minority interests

24,55685,851

Income taxes-current

5,891

9,746

Income taxes-deferred(4,108)(6,829)Loss on sales of noncurrent assets

Total extraordinary losses

Total income taxes

1,782

2,916

Income before minority interests

22,77382,935

Minority interests in income

6,190

35,988Net income

16,583

46,946

5

Consolidated statements of comprehensive income
For the fiscal year ended
March 31, 2012
(From April 1, 2011
to March 31, 2012)

Income before minority interests(Millions of yen)
For the fiscal year ended
March 31, 2013
(From April 1, 2012
to March 31, 2013)

22,77382,935

3,362

13,239Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges

(905)

935

Foreign currency translation adjustment(7,073)

21,388

Share of other comprehensive income ofassociates accounted for using equity method

2,576

19

Total other comprehensive income(2,039)35,582

20,734

118,517

15,174

78,102

5,559

40,415Comprehensive income(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(Millions of yen)
For the fiscal year ended
March 31, 2013

For the fiscal year ended
March 31, 2012
(From April 1, 2011
to March 31, 2012)(From April 1, 2012
to March 31, 2013)

Shareholders’ equity
Capital stock
Balance at the beginning of current period

65,51875,518Issuance of new shares

10,000–Total changes of items during the period

10,000–75,51875,518416,948

426,948

Issuance of new shares

10,000–Total changes of items during the period

10,000–426,948

426,948

126,812145,830–(7,163)

16,583

46,946

Changes of items during the period

Balance at the end of current period
Capital surplus
Balance at the beginning of current period
Changes of items during the period

Balance at the end of current period
Retained earnings
Balance at the beginning of current period
Changes of items during the period
Dividends from surplus
Net income
Change of scope of consolidation

2,434

–

Total changes of items during the period

19,01739,783

145,830

185,613609,280

648,297

20,000–

Balance at the end of current period
Total shareholders’ equity
Balance at the beginning of current period
Changes of items during the period
Issuance of new shares
Dividends from surplus–(7,163)

Net income

16,583

46,946

Change of scope of consolidation

2,434

–

Total changes of items during the period
Balance at the end of current period

739,01739,783648,297

688,081(Millions of yen)
For the fiscal year ended
March 31, 2013

For the fiscal year ended
March 31, 2012
(From April 1, 2011
to March 31, 2012)

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Balance at the beginning of current period
Changes of items during the period
Net changes of items other thanshareholders’ equity
Total changes of items during the period
Balance at the end of current period(From April 1, 2012
to March 31, 2013)(7,682)(4,166)

3,515

10,234

3,515

10,234(4,166)

6,067

6

(898)

(905)

935

(905)

935

(898)

36

(43,690)(47,709)(4,019)19,985

Deferred gains or losses on hedges
Balance at the beginning of current period
Changes of items during the period
Net changes of items other thanshareholders’ equity
Total changes of items during the period
Balance at the end of current period
Foreign currency translation adjustment
Balance at the beginning of current period
Changes of items during the period
Net changes of items other thanshareholders’ equity
Total changes of items during the period
Balance at the end of current period(4,019)19,985(47,709)(27,724)(51,366)(52,775)(1,409)31,155

Total accumulated other comprehensive income
Balance at the beginning of current period
Changes of items during the period
Net changes of items other thanshareholders’ equity
Total changes of items during the period(1,409)31,155(52,775)(21,620)

4

–

(4)

–

Total changes of items during the period(4)–Balance at the end of current period––

Balance at the end of current period
Subscription rights to shares
Balance at the beginning of current period
Changes of items during the period
Net changes of items other than shareholders’equity8

(Millions of yen)
For the fiscal year ended
March 31, 2013

For the fiscal year ended
March 31, 2012
(From April 1, 2011
to March 31, 2012)(From April 1, 2012
to March 31, 2013)

Minority interests
Balance at the beginning of current period

244,188

224,128(20,059)

33,810Total changes of items during the period(20,059)

33,810

Balance at the end of current period

224,128

257,939

802,106

819,651

Issuance of new shares

20,000–

Dividends from surplus–(7,163)

Net income

16,583

46,946

Change of scope of consolidation
Net changes of items other than shareholders’equity2,434–(21,473)

64,965

Total changes of items during the period

17,544

104,749

Balance at the end of current period

819,651

924,400

Changes of items during the period
Net changes of items other than shareholders’equityTotal net assets
Balance at the beginning of current period
Changes of items during the period9(4) Consolidated statements of cash flows(Millions of yen)
For the fiscal year ended
March 31, 2013

For the fiscal year ended
March 31, 2012
(From April 1, 2011
to March 31, 2012)

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
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 valuation of investment securities
Loss (gain) on sales of noncurrent assets
Impairment loss
Head office transfer cost
Early extra retirement payments
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, 2012
to March 31, 2013)

24,55685,851

16,424188

14,301
243

859

(728)

53

(81)

(3,144)

(128)

(382)

3

(88,756)
68,809(30,268)(3,291)(84,585)
44,441(24,221)(4,458)(12,243)

1,322

4,015
211
2,403
1,881
20,512–(1,926)
(427)
1,420
–
–
321

(19,047)(36,902)(201,581)(1,620,931)(209,779)

300,578

18,048(13,250)

854,507

1,185,728

12,20868,206(157,354)(75,190)

9,734(76,445)(501)

44,235

Subtotal

308,064(192,624)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

104,259(74,473)(1,700)(25,411)–(15,928)
1,221

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

Net cash provided by (used in) operating
activities

296,032(130,199)

10

(Millions of yen)
For the fiscal year ended
March 31, 2013

For the fiscal year ended
March 31, 2012
(From April 1, 2011
to March 31, 2012)

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 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
Proceeds from issuance of common stock
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
Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents
resulting from change of scope of consolidation
Cash and cash equivalents at end of period

11(From April 1, 2012
to March 31, 2013)(3,369)4,486(490,586)
517,476(149,132)(2,302)35,317(718,479)
654,890(159,344)

193,937

289,256(9,183)(2,725)

60

1,001

(911)

(1,155)(11,509)
9,025
(258)

(9,281)
91
9,731

–

(14,986)

794

17

2

13

60,83382,043(711,570)

349,439

91,30083,000(81,811)
266,592(186,289)
20,000–(83,400)
169,600(184,573)
380,468(281,524)–(7,163)(20,544)(7,902)(14,082)–

10,39070(543,014)

335,014(3,875)

8,425(190,024)

295,284

612,678

422,521(133)–

422,521717,806

2.

Notes on premise of going concern
None

3.

Key items forming the basis of preparation of consolidated financial statements
1. Scope of consolidation(1) Number of consolidated subsidiaries: 21 companies (previous year: 26 companies)
Names of consolidated subsidiaries
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Mitsubishi UFJ Merrill Lynch PB Securities Co., Ltd.
KOKUSAI Asset Management Co., Ltd.
MUS Principal Investments Co., Ltd.
MU Hands-on Capital Ltd.
MUS Business Service Co., Ltd.
MUS Information Systems Co., Ltd.
MUS Facility Service 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
MFHK Nominees Limited
MM Partnership
Corporate Value Up Fund Investment Limited Liability Partnership
Hands-on No.1 Venture Capital Investment Limited Partnership
Hands-on No.1-2 Venture Capital Investment Limited Partnership(Addition)
Mitsubishi UFJ Merrill Lynch PB Securities Co., Ltd.
The above company was included in the scope of consolidation since the Company madean additional purchase of its shares.
(Exclusion)
THC Phoenix Japan Venture Capital Investment Limited Partnership
Asset Finance Corporation Limited
TROR Corporation Limited
The above three companies were excluded from the scope of consolidation due tocompletion of liquidation.
MUS Roosevelt Capital Partners, Ltd.
MUS Roosevelt Capital Advisers (HK), Limited
MUS Roosevelt China Pacific Fund, L.P.
The above three companies were excluded from the scope of consolidation since theCompany’s consolidated subsidiary sold its shares.
(2) Names of companies or other entities not considered to be subsidiaries although theCompany holds, in its own calculation, the majority of voting rights (business execution
rights) of the companies and entities
Gunma Challenge Fund Venture Capital Investment Limited Partnership
FOODSNET Corporation
YAMAGATA FOODS Co., Ltd.
GREEN BELL Co., Ltd.
PATLITE Corporation
Dream Infinity Inc.

12

(Reasons for not treating as subsidiaries)
The companies were not treated as subsidiaries because they were held by the Company’s
consolidated subsidiaries engaged in the venture capital business that maintained theposition of general partner in those partnerships in order to render quasi-administrative
services as their main businesses, or because their shares and other instruments were held
as business transactions for such purposes of incubation business, business revitalization
and acquiring capital gains thereby and were not intended to place the companies undercontrol.
2. Application of equity method(1) Three affiliates are under the equity method (previous year: four companies)
Names of affiliates under equity method
Morgan Stanley MUFG Securities Co., Ltd.
Marunouchi Capital Co., Ltd.
Maybank Asset Management Singapore Pte. Ltd. (former KE Capital Partners Pte. Ltd.)(Exclusion)
Sino Roosevelt Investment Partners Limited
The above company was excluded from the scope of affiliates under equity method since
there are no longer any holders of voting rights of the above company who have a close
relationship with the Company.
(2) Names of companies or other entities not treated as affiliates although the Company holds, in
its own calculation, between 20% and 50% of the voting rights of the companies and entities
REVO TRADING Co., Ltd.
(Reason for not treating as affiliates)
The company was not treated as an affiliate because its shares and other instruments were
held as business transactions by the Company’s consolidated subsidiaries engaged in theventure capital business for such purposes of incubation business, business revitalization
and acquiring capital gains thereby and were not intended to place the company undercontrol.
3. Financial closing dates and other details of consolidated subsidiaries
The financial closing dates of consolidated subsidiaries are as follows.
End of December 13 subsidiaries
End of February
1 subsidiary
End of March
7 subsidiaries
Of the consolidated subsidiaries whose financial closing date differs from the consolidated
financial closing date, 14 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 27, 2012).

13

4.

Notes to consolidated financial statements(Segment information)
For the fiscal year ended March 31, 2013 (From April 1, 2012 to March 31, 2013)
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.

14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
219,420
30,213customers
Inter-segment net
operating revenue or
847
2,872
transfers
Total
220,268
33,085
Segment profit
56,0984,829
Segment assets
14,139,614 10,291,201
Other items:
Depreciation and
11,911
1,336
amortization
Amortization of––
goodwillInterest income
76,442Interest expenses––
Equity in earnings––
of affiliates
Extraordinary income
2,828
2,169
Gain on sales ofinvestment
2,525
2,169
securities
Extraordinary loss
1,651
98
Loss on sales ofstocks of––
subsidiaries andaffiliates
Impairment loss
1,309
–
Taxes
(5,448)1,794
Investment inaffiliates under equity––
methodIncrease in property,
plant and equipment
9,181
1,842
and intangible assets

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

Other(Note 1)

Total

Total

19,84034,219303,693

2,388

306,082–

306,082

(516)

–

3,203

20,572

23,776(23,776)–

19,323
1,039
2,423,882

34,219306,897
5,327
67,293
91,207 26,945,905

22,961
329,859(23,776)
306,082
22,55689,850(42,903)
46,946
2,045,202 28,991,108 (2,484,629) 26,506,478

278

678

14,205542

14,748(447)

14,301

–

–

–

–

–

243

243

–
–

477
–

6,927
–

167
56

7,094
56

(126)
(56)

6,967
–

–

–

–

–

–

24,221

24,221

0

2

5,000

182

5,183

(28)

5,154

–

2

4,697

0

4,697

(0)

4,697

321

18

2,089

912

3,001

529

3,531

–

–

–

787

787

534

1,322

–
349

–
3,319

1,309
15

111
2,815

1,421
2,831

(0)
85

1,420
2,916

–

–

–

413,132

413,132(128,138)

284,994281

466

11,771551

12,323(345)

11,978(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 (42,903) million yen, includes (30,516) million yen of
eliminations of inter-segment transactions and (11,816) million yen of equity in earnings or losses ofaffiliates, taxes and minority interests in income or loss all of which were not allocated to eachsegment.
(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, 2013.

15

(Per share information)(Millions of yen)
FY2012(From April 1, 2012
to March 31, 2013)

Basic net income per share (Yen)

63.70(Basis of calculation)
Net income
Net income not attributable to common
stockholder

46,946–

Net income attributable to common stock46,946
Average number of common shares
736,985(Thousands of shares)(Note) Diluted net income per share for the fiscal year ended March 31, 2013 is not presented since there wereno potential shares.
(Millions of yen)
As of March 31, 2013
904.31

Net assets per share (Yen)(Basis of calculation)
Total net assets

924,400

Amount to be deducted from total net assets

257,939

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)

257,939
666,461
736,98516

<Reference>

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2013

1. Commission received(1) Breakdown by item
(Millions of yen)
FY2011FY2012(From April 1, 2011
to March 31, 2012)(From April 1, 2012
to March 31, 2013)

Increase(Decrease)

19,301

22,694

3,392

Stocks

18,90722,242

3,335

Bonds

175

163

(11)

15,907

29,233

13,325

2,127

7,261

5,133

13,78021,971

8,191

33,33747,47014,132

33,057

46,792

13,73574,46972,559(1,909)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

54,352

46,927(7,425)143,016

171,957

28,941FY2011FY2012(From April 1, 2011
to March 31, 2012)(From April 1, 2012
to March 31, 2013)

Increase(Decrease)

Stocks

22,67031,624

8,953

Bonds

14,98423,991

9,006

Beneficiary certificates

87,607

93,970

6,363

Other

17,754

22,371

4,616

Total

143,016

171,957

28,941FY2011FY2012(From April 1, 2011
to March 31, 2012)(From April 1, 2012
to March 31, 2013)

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

2. Net trading income(Millions of yen)

Stocks(6,221)

8,502

14,723

Bonds

121,170

122,490

1,320

Other

(28,916)(23,663)

5,252

Total

86,031

107,329

21,29717

<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 FY2012 4Q of FY2012

4Q of FY2011

1Q of FY2012(January 1 toMarch 31, 2012)(April 1 toJune 30, 2012)

86,28737,583
5,858
5,765
42

76,37931,659
3,609
3,515
35

78,90637,432
3,743
3,658
45

76,074
39,472
5,006
4,909
29

119,164
63,393
10,334
10,158
52

4,973

5,731

7,017

6,722

9,762

604
4,369

984
4,747

2,358
4,659

1,316
5,406

2,602
7,159

9,582

6,910

8,086

10,75921,714

9,507
17,16812,08927,3196,860
15,408
11,47329,9398,033
18,585
11,077
19,468

10,727
16,983
11,16524,304

21,17021,582
13,21033,617(4,597)

3,684(13,047)

9,019

8,845

32,069(152)

28,253(1,998)37,527(5,012)

22,491(7,206)34,218(9,446)

(942)

49

(88)

(2,036)(2,659)(495)
22,822
15,68070,607

12
14,71812,452
63,92631
22,063
13,71465,19251
14,282
6,062
70,01130
24,782
12,212
106,951

62,571

59,94957,59758,43680,896

16,79227,448
5,939
6,241
3,889
672
1,588
8,035
10,917(38)
18,992
1,375
884

16,14824,584
5,581
6,162
3,588
2,438
1,445
3,977
15,351654
18,674609
851

16,63523,672
5,185
6,635
3,403
756
1,308
7,594
4,445
211
11,8282,001
638

16,55925,378
4,799
6,335
3,360
651
1,351
11,5744,065(193)
15,834
1,273
110

24,982
36,833
5,363
6,840
3,949
617
2,309
26,054
12,855
1,018
37,891
1,270
1,930

19,483

18,432

13,191

16,997

37,2301,379(1,587)(207)
19,691
7,190
12,501

1,062
127
1,189
17,242
7,237
10,005

1,308(2,687)(1,379)14,571
6,558
8,012

1,982
(1,260)722
16,275
6,192
10,082

5,393(3,008)2,384
34,84615,99918,84618

2Q of FY2012(July 1 to
(October 1 to
September 30, 2012) December 31, 2012)(January 1 toMarch 31, 2013)

<Reference>Non-consolidated Financial Results of
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
for the Fiscal Year Ended March 31, 2013

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

Operating revenue

FY2011FY2012(From April 1, 2011
to March 31, 2012)(From April 1, 2012
to March 31, 2013)

Increase(Decrease)49,269181,157

230,427

Commission received

90,022

110,137

20,115

Net trading income

69,664

97,254

27,590Net operating revenue

170,130

220,268

50,137498

47,84947,350Ordinary income

2,776

49,472

46,695

Net income (loss)(16,794)

56,09872,893Operating income(Breakdown of operating revenue)<Breakdown by item of commission received>(Millions of yen)
FY2011FY2012(From April 1, 2011
to March 31, 2012)(From April 1, 2012
to March 31, 2013)

Increase(Decrease)

16,083

19,072

2,989

6,482

11,151

4,669

33,33742,459

9,121

Other fees received

34,11937,454

3,334

Total

90,022

110,137

20,115FY2011FY2012(From April 1, 2011
to March 31, 2012)(From April 1, 2012
to March 31, 2013)

Increase(Decrease)

19,631

28,087

8,456

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

6,016

5,971

(44)

Beneficiary certificates

48,58557,419

8,834

Other

15,78818,658

2,869

Total

90,022

110,137

20,11519

<Net trading income>(Millions of yen)
FY2011FY2012(From April 1, 2011
to March 31, 2012)(From April 1, 2012
to March 31, 2013)

Increase(Decrease)

Stocks5,529

19,555

14,026

Bonds

92,28485,539(6,745)

Other(28,149)(7,840)20,309Total

69,664

97,254

27,590(2) Non-consolidated financial position(Millions of yen)
Increase(Decrease)

As of March 31, 2012

As of March 31, 2013

Total assets

12,805,850

14,139,614

1,333,764

Net assets

226,439

288,52462,084Note :The net capital adequacy ratio as of March 31, 2013 is 315.8%.

20