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.

October 30, 2012

Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending 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
Supplementary material on quarterly financial results:
Yes
Quarterly financial results presentation meeting: None
(Millions of yen with fractional amounts disregarded)

1.

Consolidated performance for the second quarter of fiscal year 2012
(from April 1, 2012 to September 30, 2012)(1) Consolidated operating results (cumulative)
Operating revenue
Millions of yen
First six months of
FY2012First six months of
FY2011(Percentages indicate year-on-year changes.)

Net operating revenue% Millions of yen

Operating income

Ordinary income% Millions of yen% Millions of yen%

155,2851.6

129,119

13.2

11,571–30,502

71.9

152,800(3.6)

114,079(10.4)(7,887)–

17,743–

Net income
Millions of yen

Net income per share
Yen%

Diluted net income
per share
YenFirst six months of
18,017 10.2
24.45
FY2012First six months of
16,353 (15.8)
22.81
FY2011(Note)
Comprehensive income First six months of FY2012: 33,106 million yen 6.8%
First six months of FY2011: 30,989 million yen (– %)––(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

As of September 30,
2012

24,929,725

843,405

2.5

As of March 31, 2012

22,436,260

819,651

2.7(Reference) Equity
As of September 30, 2012: 615,442 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

*Notes(1) Changes in significant subsidiaries during the current period(changes in specified subsidiaries
resulting in the change in scope of consolidation): None
(2) Application of particular accounting for preparing quarterly consolidated financial
statements: None
(3) 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
(4) 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 September 30, 2012

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 September 30, 2012

– shares

As of March 31, 2012

– sharesAverage number of shares during the period (cumulative from the beginning of the fiscal year)
First six months of the fiscal year ending March 31, 2013

736,985,496 sharesFirst six months of the fiscal year ended March 31, 2012

716,985,496 shares<* Indication regarding execution of quarterly review procedures >This quarterly financial results report is exempt from the review procedures for Quarterly Securities
Report pursuant to the Financial Instruments and Exchange Act.
<* Other special matters>
NoneAttached Material

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

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

P.3

Consolidated statements of comprehensive income (cumulative)·······························

P.4·······························

P.5(4) Notes on significant changes in the amount of shareholders’ equity ·······························

P.5(3) Notes on premise of going concern<Reference>
Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2013
1. Commission received(1) Breakdown by item·······························

P.6(2) Breakdown by product·······························

P.6

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

P.6

Quarterly Trends in Consolidated Statements of Income·······························

P.7<Reference>Non-consolidated Financial Results of Mitsubishi UFJ Morgan Stanley Securities, Co., Ltd. for theSecond Quarter of the Fiscal Year Ending March 31, 2013
(1) Non-consolidated operating results·······························

P.8(2) Non-consolidated financial position·······························

P.8

Consolidated financial statements(1) Consolidated balance sheets(Millions of yen)
As of March 31, 2012

As of September 30, 2012ASSETS
Current assets
Cash and deposits

452,899

Cash segregated as deposits
Trading products

332,856

98,242

88,722

12,183,845

13,798,896

Trading securities and other

4,743,416

5,258,304

Derivatives

7,440,428

8,540,592

Trade date accrual

232,720－

Private equity and other securities

31,79130,903

Margin transaction assets

39,566

34,101Loans secured by securities

7,684,079

8,766,616

Short-term guarantee deposits

645,600

760,869

Short-term investment securities

241,410

199,645

9,147

3,591

109,209

141,544

(48)

(38)

21,728,465

24,157,708

Income taxes receivable
Other current assets
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment

29,20927,707

Intangible assets

26,23324,831

Investments and other assets

652,350

719,478

Total noncurrent assets
Total assets- 1 -707,794

772,016

22,436,260

24,929,725

(Millions of yen)
As of March 31, 2012

As of September 30, 2012

LIABILITIESCurrent liabilities
Trading products

10,762,769

11,635,903

Trading securities and other
Derivatives
Trade date accrual
Margin transaction liabilities
Loans payable secured by securities

3,290,150
7,472,619－
15,2587,486,103

3,113,079
8,522,824
166,838
12,4898,607,000

Short-term loans payable

617,497

903,353

Current portion of long-term loans payable

111,056

69,496

Commercial papers

530,100

422,100

Current portion of bonds

158,678

204,080

Income taxes payable

3,164

2,740

Asset retirement obligations

1,107

－

Other current liabilities

909,758

994,545

Total current liabilities

20,595,495

23,018,548

Bonds payable

689,490725,037

Long-term loans payable

310,489

322,173

Provision for retirement benefits

11,575

10,822541

376

Asset retirement obligations

3,927

3,916

Other noncurrent liabilities

4,098

4,490

Total noncurrent liabilities

1,020,123

1,066,816

989

955

Noncurrent liabilities

Provision for directors’ retirement benefits

Reserves under the special laws
Reserve for financial products transaction
liabilities
Total reserves under the special laws
Total liabilities

989

955

21,616,609

24,086,320

NET ASSETS
Shareholders’ equity
Capital stock

75,51875,518

Capital surplus

426,948

426,948

Retained earnings

145,830

163,847

Total shareholders’ equity

648,297

666,315(4,166)(6,101)

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income

(898)

(326)

(47,709)(44,443)(52,775)(50,872)

Minority interests

224,128

227,962

Total net assets

819,651

843,405

22,436,260

24,929,725

Total liabilities and net assets- 2 -(2) Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income (cumulative)

First six months of FY2011(From April 1, 2011
to September 30, 2011)
Operating revenue
Commission received
Net trading income
Net gain on private equity and other securities
Other net gain on goods trading
Financial revenue
Total operating revenue
Financial expenses
Net operating revenue
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Equity in earnings of affiliates
Other
Total non-operating income
Non-operating expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Gain on sales of subsidiaries and affiliates’ stocks
Gain on sales of noncurrent assets
Reversal of reserve for financial products transaction liabilities
Total extraordinary income
Extraordinary loss
Loss on sales of investment securities
Loss on sales of stocks of subsidiaries and affiliates
Loss on valuation of investment securities
Loss on sales of noncurrent assets
Impairment loss
Head office transfer cost
Extra retirement payments
Total extraordinary losses
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income- 3 -(Millions of yen)First six months of FY2012(From April 1, 2012
to September 30, 2012)

73,08936,511(1,422)
6
44,616
152,800
38,721
114,079
121,966(7,887)

69,09149,407(39)
44
36,781
155,285
26,166
129,119
117,547
11,571

19,745
7,863
27,60812,007
7,789
19,796

1,067
910
1,978
17,743488
376
865
30,502

4,134
12,31817384
16,853

2,255
－
321
33
2,610

335
75
7,955
107
177
1,396
－
10,04824,5483,795(2,223)
1,571
22,976
6,622
16,353

68
－
92
19
1,057
－
252
1,489
31,6232,370(2,560)(190)
31,814
13,79618,017

Consolidated statements of comprehensive income (cumulative)(Millions of yen)First six months of FY2011(From April 1, 2011
to September 30, 2011)

First six months of FY2012(From April 1, 2012
to September 30, 2012)

22,976

31,814

1,809
29
3,580

(2,575)
571
3,293

2,593

2

8,013
30,9891,292
33,106

24,721
6,268

19,92013,185

Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests- 4 -(3) Notes on premise of going concern
None(4) Notes on significant changes in the amount of shareholders’ equity
None

- 5 -

<Reference>

Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending March 31, 2013
1. Commission received(1) Breakdown by item
(Millions of yen)First six months of FY2011(From April 1, 2011
to September 30, 2011)

Commission to consigneesFirst six months of FY2012(From April 1, 2012
to September 30, 2012)

Increase(Decrease)

FY2011(From April 1, 2011
to March 31, 2012)

9,227

7,353

(1,874)

19,301

Stocks

9,011

7,174

(1,837)

18,907

Bonds

98

81

(17)

175

6,640

12,7486,107

15,907

Commission for underwriting,secondary distribution and solicitation
for selling and others for professional
investors

Stocks

1,156

3,342

2,186

2,127

Bonds

5,484

9,406

3,921

13,78017,952

14,996(2,955)33,33733,057

Fee for offering, secondary distribution
and solicitation for selling and othersfor professional investors

Beneficiary certificates
Other fees received
Beneficiary certificates
Total

17,847

14,894(2,953)39,26833,993(5,275)74,46929,56922,551(7,018)54,352

73,08969,091(3,997)143,016(2) Breakdown by product(Millions of yen)First six months of FY2011(From April 1, 2011
to September 30, 2011)

First six months of FY2012(From April 1, 2012
to September 30, 2012)

Increase(Decrease)

FY2011(From April 1, 2011
to March 31, 2012)

Stocks10,855

11,432577

22,670

Bonds

6,120

10,383

4,263

14,984

Beneficiary certificates

47,532

37,523(10,008)

87,607

Other

8,581

9,751

1,170

17,754

Total

73,08969,091(3,997)143,016

２．Net trading income(Millions of yen)First six months of FY2011(From April 1, 2011
to September 30, 2011)

First six months of FY2012(From April 1, 2012
to September 30, 2012)

Increase(Decrease)

FY2011(From April 1, 2011
to March 31, 2012)

Stocks(9,049)(9,362)(312)(6,221)

Bonds

74,34765,780(8,566)

121,170

Other(28,786)(7,011)

21,775(28,916)

Total

36,51149,407

12,89686,031- 6 -<Reference>

Quarterly Trends in Consolidated Statements of Income(Millions of yen)
2Q of FY2011(July 1 to
September 30, 2011)

3Q of FY2011(October 1 to
December 31, 2011)

4Q of FY2011(January 1 toMarch 31, 2012)

73,20967,83886,28776,37978,90636,52432,34337,58331,65937,432

Commission to consignees

4,330

4,215

5,858

3,609

3,743

Stocks

4,201

4,129

5,765

3,515

3,658

Bonds

55

34

42

35

45

3,460

4,293

4,973

5,731

7,017

Operating revenue
Commission received

Commission for underwriting,secondary distribution and solicitation
for selling and others for professional
investors

1Q of FY2012(April 1 toJune 30, 2012)

2Q of FY2012(July 1 to
September 30, 2012)

Stocks

783

366

604

984

2,358

Bonds

2,677

3,926

4,369

4,747

4,659

8,584

5,803

9,582

6,910

8,086

Fee for offering, secondary distribution
and solicitation for selling and othersfor professional investors

Beneficiary certificates

8,534

5,701

9,507

6,860

8,033

20,14918,031

17,16815,40818,585

14,285

12,69312,08911,473

11,077

13,911

22,201

27,31929,93919,468(7,438)

7,425(4,597)

3,684(13,047)

Net trading income from bonds

33,695

14,75332,06928,25337,527

Other net trading income(12,344)

22

(152)

(1,998)(5,012)(1,713)

191

(942)

49

(88)

(6)

2

(495)

12

31

24,49313,09922,822

14,71822,063Financial expenses

19,343

13,93915,68012,452

13,714

Net operating revenue

53,86653,89970,607

63,926

65,192

Selling, general and administrative expenses

58,45955,586

62,571

59,94957,597

Trading related expenses

15,583

16,924

16,792

16,148

16,635

Personal expenses

24,181

21,38927,44824,584

23,672

Real estate expenses

6,657

6,015

5,939

5,581

5,185

Office cost

6,611

5,749

6,241

6,162

6,635

Depreciation

3,458

3,793

3,889

3,588

3,403

Taxes and dues

871

989

672

2,438

756

1,095

724

1,588

1,445

1,308

Operating income (loss)(4,593)(1,687)

8,035

3,977

7,594

Non-operating income

9,219

3,946

10,917

15,351

4,445

Non-operating expenses

1,289

817

(38)

654

211

Ordinary income

3,336

1,442

18,992

18,674

11,828Other fees received

Beneficiary certificates
Net trading income
Net trading income from securities

Net gain on private equity and other securities

Other net gain on goods trading

Financial revenue

Other

Extraordinary income

4,050

8

1,375

609

2,001

Extraordinary loss

3,875

20,926

884

851

638

Income (loss) before income taxes andminority interests

3,511(19,475)

19,483

18,432

13,191

Income taxes-current

1,712

716

1,379

1,062

1,308

Income taxes-deferred(1,190)(297)(1,587)127(2,687)

Total income taxes

521

418

(207)

1,189

(1,379)

Income (loss) before minority interests

2,989(19,894)

19,691

17,242

14,571

Minority interests in income (loss)

3,494(7,623)

7,190

7,237

6,558

Net income (loss)(504)(12,270)

12,501

10,005

8,012

- 7 -

<Reference>Non-consolidated Financial Results of
Mitsubishi UFJ Morgan Stanley Securities, Co., Ltd.
for the Second Quarter of the Fiscal Year Ending March 31, 2013
(1) Non-consolidated operating results(Millions of yen)First six months of FY2011(From April 1, 2011
to September 30, 2011)

First six months of FY2012(From April 1, 2012
to September 30, 2012)

87,05544,676
31,28481,454(5,202)(4,387)(3,158)100,317
43,64345,34094,801
13,193
14,35018,935First six months of FY2011(From April 1, 2011
to September 30, 2011)

First six months of FY2012(From April 1, 2012
to September 30, 2012)

7,628

5,569

(2,059)16,083

3,001

5,818

2,816

6,482

17,952

14,996(2,955)33,337

16,094
44,676

17,25843,643

1,164(1,033)

34,11990,022First six months of FY2011(From April 1, 2011
to September 30, 2011)

First six months of FY2012(From April 1, 2012
to September 30, 2012)

8,828
2,823
25,9787,046
44,676

9,661
3,762
22,043
8,176
43,643First six months of FY2011(From April 1, 2011
to September 30, 2011)

First six months of FY2012(From April 1, 2012
to September 30, 2012)(2,065)57,735(24,385)
31,2844,264
45,360(4,285)45,340Operating revenue
Commission received
Net trading income
Net operating revenue
Operating income (loss)
Ordinary income (loss)
Net income (loss)

FY2011(From April 1, 2011
to March 31, 2012)

Increase(Decrease)

13,261(1,033)
14,055
13,346
18,396
18,73722,093

181,157
90,022
69,664
170,130
498
2,776(16,794)(Breakdown of operating revenue)<Breakdown by item of commission received>(Millions of yen)

Commission to consignees
Commission for underwriting, secondary
distribution and solicitation for selling andothers for professional investors
Fee for offering, secondary distribution andsolicitation for selling and others for
professional investors

Other fees received
Total

FY2011(From April 1, 2011
to March 31, 2012)

Increase(Decrease)<Breakdown by product of commission received>(Millions of yen)

Stocks
Bonds
Beneficiary certificates
Other
Total

Increase(Decrease)832
938(3,934)1,129(1,033)

FY2011(From April 1, 2011
to March 31, 2012)

19,631
6,016
48,585
15,78890,022<Net trading income>(Millions of yen)

Stocks
Bonds
Other
Total

Increase(Decrease)

6,330(12,374)
20,10014,055FY2011(From April 1, 2011
to March 31, 2012)

5,529
92,284(28,149)
69,664(2) Non-consolidated financial position(Millions of yen)

Total assets
Net assets

As of September 30, 2011

As of September 30, 2012

14,796,863
195,101

13,799,187
243,943

Note: The net capital adequacy ratio as of September 30, 2012 is 332.9%.

- 8 -Increase(Decrease)993,337
17,504As of March 31, 2012

12,805,850
226,439